Business and Finance
We invite you to look around our webpages and if you have any questions, please contact us and we will answer them for you. We want our taxpayers, parents, and community to be informed about our operations. We know that they value the quality of education being provided to our students as much as we do.
As of July 2018 Fitch Ratings assigned an AA- underlying rating with a stable outlook. Moody's Investors Service has also issued an Aa3 underlying rating.
Texas Transparency Stars
The Texas Comptroller’s Office has developed a program to recognize local governments for going above and beyond in their transparency efforts. A star can be awarded in the areas of Traditional Finances, Contracts and Procurement, Economic Development, Public Pensions, and Debt Obligations. Once a star has been earned, the Comptroller’s office continues to monitor the entity to ensure they continue to comply with the requirements to keep the stars earned. Waxahachie ISD earned the Traditional Finances transparency star on May 2, 2017 and continues to maintain this information on our website. Additional information on the transparency stars program, and requirements to obtain a transparency star for specific areas, please visit the transparency stars program website by clicking here.
Each year, the Texas Education Agency holds District’s accountable for their financial decisions through the Financial Integrity Rating System of Texas (FIRST) rating. The rating is designed to encourage Texas public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes. For more information on the FIRST rating, please visit our First Financial Integrity Rating webpage.
Waxahachie ISD operates on a fiscal year calendar beginning September 1 through the subsequent August 31.
All transactions are recorded using the fund method of accounting. Waxahachie ISD uses three types of funds to account for all transactions – governmental funds, enterprise funds, and fiduciary funds.
Governmental funds are used to account for the resources of the District, from local revenue sources, state revenue sources, and federal revenue sources, for the basic daily operations of the District. The two most significant governmental funds used by the District are:
511 – Debt Service Fund – Used to collect property taxes levied specifically to service the debt principal, interest, and fee obligations of the District.
711 – Day Care Center – Open daily during the school year, the child care center serves staff and students of Waxahachie ISD. Monthly tuition is charged to cover the center’s operating costs.
720 – Lighthouse for Learning – Provides adult learning opportunities for the community members of Waxahachie. Topics vary each semester and tuition charged to participants covers the cost of the program.
Fiduciary Funds are funds that are held by the District for the benefit of outside parties. These funds are not legally District funds and the District does not have discretion regarding their use. There are two fiduciary funds that the District maintains:
865 – Student activity funds – This account is used to account for the resources of various student groups within the District. Groups raise funds to be used at their discretion and the District simply is the custodian of these funds until they are approved for payment by the leadership of the club.
For historical financial information on each fund, please refer to the Financial Audits page.
For current budget information on each budgeted fund, please see the Adopted Budgets page.
For additional financial information and disclosures, please refer to the Additional Transparency Information page.