Budget Basics

A school district budget is divided into two main funds:

• maintenance and operations, sometimes called the M&O fund
• interest and sinking, sometimes called the I&S or debt service fund

Money in the maintenance and operations fund can be used for daily operations (i.e. salaries, supplies, utilities, etc.). Money in the interest and sinking fund is used to repay bonded indebtedness. School districts hold school bond elections to obtain authorization from local voters to sell bonds and collect taxes for the payment of the bonded indebtedness. Monies from the bond sale are used for construction and capital improvements to facilities and to buy furniture, equipment and/or to purchase land.

The money collected on the I&S side of the ledger cannot be used for maintenance and operations costs. In other words, you cannot use I&S funds to pay teacher salaries. It isn't legal in Texas.

_____________________________________________________________________________

2011-2012 HPISD Adopted Budget

To view or print the 2010-2011  Adopted General Fund Budget, click HERE.

To view or print the 2010-2011 Adopted Debt Service Budget, click HERE.

_____________________________________________________________________________

To view or print the 2010-2011  Adopted General Fund Budget, click HERE.

To view or print the 2010-2011 Adopted Debt Service Budget, click HERE.

___________________________________________________________________________

To view or print the 2009-2010 Adopted General Fund Budget, click HERE.

To view or print the 2009-2010 Adopted Debt Service Budget, click HERE.

2008-2009 HPISD Adopted Budget

To view or print the 2008-2009 Adopted General Fund Budget, click HERE.

To view or print the 2008-2009 Adopted Debt Service Budget, click HERE. 

2007-2008 HPISD Adopted Budget

To view or print the 2007-2008 Adopted General Fund Budget, click HERE.

To view or print the 2007-2008 Adopted Debt Service Budget, click HERE. 

2006-2007 HPISD Budget

To view or print the 2006-2007 General Fund Adopted Budget, click HERE.

To view or print the 2006-2007 Debt Service Adopted Budget, click HERE.

2010-2011 Comprehensive Annual Financial Report

To view or print the 2010-2011 CAFR, click HERE.

To view or print the 2009-2010 CAFR, click HERE.

To view or print the 2008-2009 CAFR, click HERE.

2007-2008 Comprehensive Annual Financial Report

To view or print the 2007-2008 CAFR, click HERE. 

2006-2007 Comprehensive Annual Financial Report

To view or print the 2006-2007 CAFR, click HERE.