Budget

Finances at Austin ISD

Austin ISD is committed to maintaining a transparent budgeting process. The budget is driven by the AISD strategic plan, which is the product of genuine consensus‐building and embodies the vision of our community. The AISD board of trustees established a policy that requires the district to maintain a minimum of 20 percent of operating expenditures in its general fund balance, which is also a driving factor in the budgeting process.

AISD has earned the highest ratings for budget management from Moody’s Investors Service, Standard & Poor’s and Fitch Ratings. AISD also carries the highest bond and state financial accountability ratings that school districts can earn in the state of Texas.

Maintaining transparency about the AISD budget includes providing financial information to the public. On this site, you will find a host of resources, including data on district revenues, expenditures, tax rates, cost drivers and comparative data with other school districts.

Summer 2020

  • July: District receives Certified Appraisal Value from Travis County Appraisal District
  • August: Payment submitted to TEA for Local Revenue in Excess of Entitlement (Recapture).
  • August: Administration prepares Truth N Taxation Publication.
  • August: Board approves option to reduce local revenue in excess of entitlement.
  • September: Board approval of the FY 2020-21 Budget Development Calendar.
  • September: Board adoption of tax rates and exemptions.
  • September: Public hearing on school financial integrity results (FIRST Rating).

Fall 2020

  • October: Board approves 2019-20 4th Quarter Reports:
    Budget to Actual Report
    Investment and Tax Report
    Budget Amendment Report
  • November: Board approves 2019-20 Fiscal Year End Audit Results 2020 Tax Levy.
  • November: Board approves 2020-21 1st Quarter Reports:
  • Budget to Actual Report
    Investment and Tax Report
    Budget Amendment Report
  • December 16, 2020: Departmental and program BTOs due to the budget department.

Spring 2021

  • February: Presentation of 2020-21 Fiscal Forecast with Projected Revenue and Expenditures.
  • February: Board approves 2020-21 2nd Quarter Reports:
    Budget to Actual Report
    Investment and Tax Report
    Budget Amendment Report
  • 03/10/2021: Elementary, secondary school BTOs returned to budget office for analysis.
  • April: District receives Preliminary Certified Estimate form Chief Appraiser.
  • April: Presentation of 2021–22 Preliminary General Fund, Food Service, and Debt Service Budgets "through an equity lens".
  • April: Board approves Consultation Agreement regarding the Compensation & Health Benefits plans.
  • May: Publish newspaper notice of public meeting to discuss budget and proposed tax rate. In addition, post proposed budget to district website.
  • May: Presentation of 2021-22 Recommended General Fund, Food Service, and Debt Service Budgets
  • May: Board approves 3rd Quarter Reports:
    Budget to Actual Report
    Investment and Tax Report
    Budget Amendment Report

Summer 2021

  • June: Board holds public hearing on proposed budget and tax rate. Board adopts 2021–22 fiscal year governmental funds budget. Amendments for 2020–21 fiscal year.
  • June: District posts Adopted Budget on website and maintains for three years.