DEBT at a Glance
Wichita Falls ISD
2012-13 Enrollment: 14,639
Change from 2003-04 to 2012-13:
-2.6% Wichita Falls ISD +14.9% Texas
Source: Texas Education Agency
Wichita Falls ISD is located in Wichita County, and had an enrollment of 14,639 in 2013. The district has a total of 31 campus(es), including 22 elementary school(s), 4 middle school(s) and 4 high school(s), as well as 1 combined campus(es).
Current Debt Obligations
Debt Outstanding for Wichita Falls ISD, as of August 31, 2013 [What's this?]
|Type of Debt||Amount|
|Voter Approved Tax-Supported Debt
[ ? ]
Voter approved tax supported debt is secured by a pledge of a sufficient property tax dedicated to pay debt service. May be used for school capital projects such as buildings, renovations, technology, athletic facilities, school buses and performing arts facilities or to refund maintenance and operations tax-supported debt.
|Maintenance and Operations
Tax-Supported Debt [ ? ]
Debt payable from revenue other than dedicated debt service taxes, including maintenance and operations taxes. May be used for any purpose other than payment of debt service, including maintenance and operating expenses.
|Revenue Supported Debt
[ ? ]
Debt used to build and maintain sports facilities and payable from non-tax revenue.
|Lease Revenue Obligations
[ ? ]
Obligations issued by a public facilities corporation created by a school district, used for acquiring, constructing, and equipping school facilities, and payable from lease rental obligations of the district. Commonly paid from available unrestricted revenue, including surplus maintenance and operations tax proceeds.
Source: Texas Bond Review Board
Current Tax Rates
Sales Tax Rate in Fiscal Year 2013
|Sales Tax Rate:||N/A|
Property Tax Rates in Calendar Year 2012
(Per $100 Valuation)
|Property Tax Rate||Amount|
|Voter Approved Tax-Supported Debt:||$0.170000|
|Maintenance & Operations:||$1.040000|
|Total Property Tax Rate:||$1.210000|
How Wichita Falls ISD Compares
Tax-Supported Debt Outstanding for School Districts of Similar Size, as of August 31, 2013
|District Name||Tax-Supported Debt Outstanding||Tax-Supported Debt Outstanding per Student||Enrollment|
|Eagle Pass ISD||$62,505,000||$4,163||15,015|
|Wichita Falls ISD||$51,095,426||$3,490||14,639|
|San Angelo ISD||$124,510,000||$8,630||14,427|
Source: Texas Bond Review Board, Texas Education Agency
Note: The table includes Wichita Falls ISD and nine ISDs with closest enrollment numbers based on 2012-2013 TEA enrollment data. Total tax-supported debt includes both voter approved and maintenance and operations tax-supported debt. It does not include revenue debt or lease-purchase obligations. Enrollment figures are 2012-2013 Texas Education Agency estimates. The state provides funding for debt service to some school districts; thus, debt outstanding per student may not be indicative of relative school district debt service tax burdens.
Most Recent Bond Election
Wichita Falls ISD Bond Election:
|5/2014||Prop. 1||School Building||$125,000,000|
Source: Wichita Falls ISD
Note: Does not reflect authorized but unissued debt, if any, approved at earlier elections.
Proposed Bond Issuances
|5/2015||Prop. 1||Career and Technical Education Center, Renovations, Athletic Facility||$59,500,000|
Note: Reflects only referenda currently known and verified by the Comptroller's office at this time.
For a full list statewide, see the Upcoming Bond Election Roundup.
Tax-Supported Debt per Student changed by +68.6%
from 2003-2004 to 2012-2013.
Wichita Falls ISD Outstanding Tax-Supported Debt Per Student: 10-Year Trend
Sources: Texas Bond Review Board, Texas Education Agency, Bureau of Labor Statistics
Ratio reflects tax-supported debt in 2013 dollars divided by enrollment in the school year ending in the relevant year. The 2012 and 2013 tax-supported debt data reflects cash defeasances, but prior years’ debt data may not. Some tax-supported debt issued before 2002 may not be reflected.
Authorized But Unissued Tax-Supported Debt
After voters approve tax-supported debt for a local entity in an election, the entity applies to the Attorney General (OAG) to approve issuance before debt is issued. Typically, the entity does not apply for the OAG to approve the total debt package at once, but rather over time so that it can manage the projects and reduce interest expense. Authorized but unissued tax-supported debt totals are the remaining voter approved tax-supported debt that the entity has not issued yet and may be issued in the future.
Source: Texas Bond Review Board
Note: Reflects authorized but unissued debt as of August 31, 2013. Some debt authorized before 2002 but still unissued may not be reflected. The 2012 and 2013 tax-supported debt data has been reconciled for cash defeasances.
An Introduction to Understanding Comprehensive Annual Financial Reports
When you’re ready to learn about a public entity’s fiscal health, you’ll find a great deal of information in comprehensive annual financial reports (CAFRs) and other yearly reports. Often posted online alongside other financial information, CAFRs report an entity’s accounting statements, debts and other key information for the past year.
But sometimes that information can be tricky to find – and tough to understand. Because of that, our office compiled some tips for locating an entity’s CAFRs and for understanding them. You’ll learn how all CAFRs have certain similarities and when and why different entities’ CAFRs will differ in key ways. Plus, we detail strategies for pinpointing the debt, expenditure and revenue information you need to hold a government entity accountable.
Note that the data in the following publications is presented as of the dates indicated in the publications and may not reflect debt, population or other data as of any subsequent date. For further or more current information, see the applicable entity’s web site or its most recent filings at Electronic Municipal Market Access (EMMA®). The Comptroller does not control or guarantee the accuracy, completeness, or currency of any such site. When you access any such site, you will be leaving the Comptroller’s website.
School district debt often supports construction of new facilities. Texas Public School Construction Costs examines these costs in districts throughout the state.