Business & Financial Services

    FINANCEBUSINESS & FINANCIAL SERVICES

   • Financial Reports
   • Annual Financial Reports
   • Adopted Budgets
   • Tax Rate
   • Bond Projects
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     CONTACT US
    k byrdKRISTIN BYRD
Assistant Superintendent/Business and Financial Services
Phone: 903-927-8708
E-Mail: byrdk@marshallisd.com
    bentonANN BENTON
Purchasing Coordinator
Phone: 903-927-8708
E-Mail: bentona@marshallisd.com
    coitCYNTHIA COIT
Payroll Supervisor
Phone: 903-927-8708
E-Mail: coitc@marshallisd.com
    ANAANA FAJARDO
Administrative Assistant
Phone: 903-927-8708
E-Mail: fajardoau@marshallisd.com
    COMING SOONMARQUA JIMMERSON
Accounts Payable Specialist
Phone: 903-927-8708
E-Mail: jimmersonmp@marshallisd.com

    MARTINEZJESSICA SAUCEDA
Staff Accountant
Phone: 903-927-8708
E-Mail: saucedajt@marshallisd.com

    PADDIEBROOKE PADDIE
Grants Director
Phone: 903-927-8708
E-Mail: paddieb@marshallisd.com
    COMING SOONBRITTANY SUTTON
Leaves & Benefits Specialist
Phone: 903-927-8708
E-Mail: suttonb@marshallisd.com

    COMING SOONNIKKI WARNER
Business Office Supervisor
Phone: 903-927-8708
E-Mail: warnerj@marshallisd.com

     
The Marshall ISD Department of Financial Services oversees the operation of all financial and business affairs of the district, including accounting, payroll, purchasing and accounts payable. MISD is dedicated to providing our stakeholders with a clear and consistent financial picture of the district. Click here to view our district monthly financial reports, annual budgets, annual financial reports and other pertinent information.

MISD has consistently earned a Superior rating in the annual Financial Integrity Rating System of Texas (FIRST) report by the Texas Education Agency. As required by law, the district held an annual public hearing to publicize the most recent School FIRST rating on Dec. 19, 2016. Click here to access the district's most recent FIRST Report.

The district has also received a Gold Leadership Circle from the Texas Comptroller's Office for financial transparency.

TAX RATE
The Marshall ISD Board of Trustees annually adopts a tax rate which can be broken down into two separate rates: a Maintenance and Operations rate (M&O) and an Interest and Sinking rate (I&S). On August 29, 2016, the Board of Trustees adopted a tax of $1.33 per $100 valuation for the 2016-2017 school year. This tax rate was broken down as follows:

  • Maintenance & Operations ($1.04)
  • Interest & Sinking ($0.29)

Although these rates are combined to arrive at the total tax rate, the rates are set for very specific and different purposes.

The M&O portion of the rate is set to provide funds for the maintenance and operations costs of the district. Maintenance and operations costs include things such as:

   • Compensation and wages paid to employees
   • Supplies and materials needed in every functional area of the district
   • Maintenance and repairs to facilities, equipment,vehicles and any other property owned by the district
   • Payments for utilities such as electricity and water
   • School buses and fuel to transport students
   • Technology and computers used by staff and students throughout the district
   • Library books

The I&S portion of the tax rate provides funds for principal and interest payments made on the debt that financed the District's facilities.

For more information on these specific tax rates, please contact the Department of Business and Financial Services at 903-927-8708.

BOND PROJECTS
School bond elections are held for voters to consider proposed construction and capital improvement projects. Similar to a family's mortgage, school districts issue loans, known as bonds, to pay for capital expenditures such as buildings, buses, technology improvements, etc. The district pays back the debt long-term, similar to a home mortgage. Like a mortgage, bonds allow the cost of facilities to be paid for over a timeline that approximates the useful life of the facilities. Bonds are sold by a school district in the public securities markets to raise funds to pay for the costs of constructions, renovations and equipment. Most school districts in Texas utilize bonds to finance renovations and new facilities. Districts repay the bonds through revenue generated from a debt service property tax. A district's voters must approve capital improvement bonds issued by a school district.

Under Texas law, bond funds may only be used to pay for non-recurring expenditures for items with a useful life of more than one year, such as new buildings, additions and renovations to existing facilities, purchasing land, and equipment for new or existing buildings. Bond funds CANNOT be used for employee salaries, operating costs such as utility bills, supplies, fuel, and insurance. The Marshall Independent School District, like all other districts in Texas, uses its Maintenance and Operations (M&O) budget to fund salaries, curriculum and other operating expenses.

The M&O budget includes annual expenditures such as payroll, utilities, supplies and other costs associated with the ongoing operations of the school district. While districts may be able to address smaller capital items using the M&O, or General Fund, school districts do not receive enough funding to cover the cost of large construction and/or renovation projects like those proposed in a bond program.

On May 9, 2015, voters in the Marshall Independent School District approved a bond package totaling $109,210,000. The bond package will fund the construction of new schools, renovations and grade-level realignment in the district. This bond allows MISD to build a new junior high school to serve students in grades 6-8; three new elementary schools to serve students in grades K-5; and provide renovations to repurpose the current Sam Houston Middle School into a grades K-5 STEM Academy.

All projects in this bond program are scheduled for completion in time to open in Fall 2017.