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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).


The data on this page is provided as of the date indicated and may not reflect debt, enrollment or other data as of any subsequent date. See other explanations.

For more information on the types of debt, refer to our Debt Glossary.

Current Debt Obligations

Debt Outstanding for Wichita Falls ISD, as of August 31, 2013 [What's this?]

Debt Outstanding is the principal owed over the remaining life of all debt issues.
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.
$48,580,426  
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.
$2,515,000  
Revenue Supported Debt [ ? ]
Debt used to build and maintain sports facilities and payable from non-tax revenue.
$0  
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.
$0  

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)

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
Mission CISD   $146,458,222   $9,467   15,471  
Donna ISD   $100,215,000   $6,574   15,245  
Waco ISD   $189,160,000   $12,478   15,159  
Harlandale ISD   $188,439,457   $12,435   15,154  
Eagle Pass ISD   $62,505,000   $4,163   15,015  
Crowley ISD   $287,237,845   $19,149   15,000  
Wichita Falls ISD   $51,095,426   $3,490   14,639  
Victoria ISD   $165,995,000   $11,480   14,460  
San Angelo ISD   $124,510,000   $8,630   14,427  
Rockwall ISD   $347,903,257   $24,229   14,359  

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:
Approved Bonds

Election Proposition Purpose Amount
None. 

Defeated Bonds

Election Proposition Purpose Amount
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

Election Proposition Purpose Amount
None. 

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.

Debt Trends

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.

Election Prop Purpose Authorized Issued Unissued
None. 

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.

Read our Guide to Understanding
Comprehensive Annual Reports (CAFRs)

Download 2013 ISD debt data. (CSV, 180K)

School district debt often supports construction of new facilities. Texas Public School Construction Costs examines these costs in districts throughout the state.


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Disclaimer

The outstanding debt data in Debt at a Glance has been obtained from the Bond Review Board, which compiles data reported by state agencies and local governments that neither the Board nor the Comptroller has independently verified. State agencies are not required to report all installment purchases but certain lease-purchase obligations are included. In addition, some state debt issued before 2006 may not be reflected.

Local governments are not required to report data for debt that is either not considered a public security as defined by state statute or does not require approval by the Office of the Attorney General of the state of Texas such as certain short-term notes, certificates of obligation delivered to contractors, bond anticipation notes and lease purchase agreements for personal property. Additionally, certain installment and lease-purchase obligations and cash defeasances of debt are not reported, while debt issued by a controlled non-profit corporation may be included as debt of its sponsoring city, county, or district. Debt includes principal but excludes interest, including compounded interest on capital appreciation bonds. Data for local debt issued before 2002 is included as estimates of debt outstanding. Outstanding debt excludes debt for which sufficient funds have been escrowed to retire the debt either from proceeds of refunding debt or, for 2012 and later debt totals only, from other sources. Consequently, the reported debt data may vary from actual debt outstanding, and the variance for a specific issuer could be substantial.

Debt at a Glance is intended to inform citizens, not to present comprehensive data for investors. Data is provided as of the date indicated and may not reflect debt, debt service, population or other data as of any subsequent date. For fuller, more detailed or more current information, see the issuers’ web sites or their 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.

I have read and understood...

Disclaimer

The outstanding debt data in Debt at a Glance has been obtained from the Bond Review Board, which compiles data reported by state agencies and local governments that neither the Board nor the Comptroller has independently verified. State agencies are not required to report all installment purchases but certain lease-purchase obligations are included. In addition, some state debt issued before 2006 may not be reflected.

Local governments are not required to report data for debt that is either not considered a public security as defined by state statute or does not require approval by the Office of the Attorney General of the state of Texas such as certain short-term notes, certificates of obligation delivered to contractors, bond anticipation notes and lease purchase agreements for personal property. Additionally, certain installment and lease-purchase obligations and cash defeasances of debt are not reported, while debt issued by a controlled non-profit corporation may be included as debt of its sponsoring city, county, or district. Debt includes principal but excludes interest, including compounded interest on capital appreciation bonds. Data for local debt issued before 2002 is included as estimates of debt outstanding. Outstanding debt excludes debt for which sufficient funds have been escrowed to retire the debt either from proceeds of refunding debt or, for 2012 and later debt totals only, from other sources. Consequently, the reported debt data may vary from actual debt outstanding, and the variance for a specific issuer could be substantial.

Debt at a Glance is intended to inform citizens, not to present comprehensive data for investors. Data is provided as of the date indicated and may not reflect debt, debt service, population or other data as of any subsequent date. For fuller, more detailed or more current information, see the issuers’ web sites or their 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.

I have read and understood...