- Recording of 4/24/22 Budget Update
- 4/24/22 Budget Update Presentation
- 2/1/22 Budget Talks Staff Session Recording
- 2/1/22 Budget Talks Staff Session Presentation
- 2022-23 Budget 101 Presentation
- Recording of November 3 Budget 101 Information Session
- Texas Education Agency
- Texas Comptroller of Public Accounts
- Teacher Retirement System of Texas
- Travis Central Appraisal District
Austin Community College.
A descriptive heading under which are recorded financial transactions that are similar in terms of a given frame of reference, such as fund, function, or object.
A part of a lump sum appropriation, which is designated for expenditure by specific organization units and/or for special purposes, activities, or objects.
Adopted budget plus/minus budget revisions.
Board of Education
The elected or appointed body, which has been created according to state law and vested with responsibilities for education activities in a given geographic area.
A written promise to pay a specified sum of money, called the face value, at a fixed time in the future, called the date of maturity, and carrying interest at a fixed rate, usually payable periodically.
The part of the school district debt, which is covered by outstanding bonds of the district. Sometimes called “Funded Debt or Bonded Indebtedness”.
Bonds Authorized and Unissued
Bonds, which have been legally authorized but not, issued, and which can be issued and sold without further authorization. BONDS ISSUED. Bonds sold.
A budget serves as the financial plan for the district. It shows proposed spending and revenue in broad categories by fund and function.
Members appointed by the Superintendent who meet during the budget development process to review and comment on the proposed budget and its priorities.
Special accounts used to achieve budgetary integration, but not reported in the general-purpose external statements. The most common budgetary accounts are estimated revenues, appropriations, budgetary fund balance and encumbrances.
Comprehensive Annual Financial Report
The CAFR provides a quantitative look at the operating success, financial health, and compliance of the government report units. It includes a balance sheet, a statement of changes in financial position, a statement of revenues and expense, and a comparison of budgeted to actual expenses and revenues.
The annual budget prepared for and effective during the present fiscal year.
Summary information about outstanding debt including debt obligations, descriptions, dates issued, total amounts and maturity dates. This page also includes ratings, the commercial paper program and the district’s debt policy.
Fiscal Year (FY)
A twelve-month period of time to which the annual budget applies and at the end of which the district determines its financial position and the results of its operations; for example, July 1 through June 30.
As applied to expenditures, this term has reference to an activity or service aimed at accomplishing a certain purpose or end; for example, Instruction, Instructional Administration, Plant Maintenance and Operations.
A sum of money or other resources set aside for specific activities of a school district. The fund accounts constitute a complete entity and all of the financial transactions for the particular fund are recorded therein.
The difference between assets and liabilities reported in a governmental fund.
The general fund is one of five governmental fund types and typically serves as the chief operating fund of a government. The general fund is used to account for financial resources except those required to be accounted for in another fund.
A fee charged a borrower for the use of money.
Interest & Sinking (I&S)
District income from local and personal property taxes that is used for the Debt Service Fund.
Maintenance & Operations (M&O)
District income from local and personal property taxes that is used for the General Fund.
A term used in connection with the classification of expenditures. The article purchased or the service obtained, rather than the purpose for which the article or service was purchased or obtained.
This page provides information related to the district’s participation in the Teacher Retirement System of Texas.
Preliminary Tax Values
Appraisal used to project the district’s revenue from property taxes before completion of the certified tax roll.
Reserved Fund Balance
The portion of a governmental fund’s net assets that is not available for appropriation.
The yield of taxes, tuition, interest earnings, and other monetary resources that the District collects and receives into the treasury for public use. For those revenues, which are recorded on the accrual, basis, this term designates additions to assets, which (a) do not increase any liability; (b) do not represent the recovery of an expenditure; (c) do not represent contributions of fund capital in enterprise and internal Austin ISD FY2020 Official Budget Plan Page 173 service funds. The same definition applies to those cases where revenue is recorded on the modified accrual or cash basis, except that additions would be partially or entirely to cash.
Total tax rate is set by the Board of Trustees and is made up of two components: maintenance and operating and debt service rates. It is the amount levied for each $100 of assessed valuation.
Compulsory charges levied by a governmental unit for the purpose of financing services performed for the common benefit.
Travis County Appraisal District.
Texas Education Agency.
Teacher Retirement System of Texas.
Undesignated Fund Balance
The difference between the unreserved fund balance and the designated unreserved fund balance. This portion of the fund balance is usually available to finance monthly operating expenditures.
Unreserved Designated Fund Balance
The portion of the fund balance identified by management to reflect tentative plans or commitments of government resources.