5342 Part 4

CISD receives revenue from three sources: local and intermediate, state program, and federal program.  Each source of revenue contributes monies to one of three fund types: general, special services, and debt services (from which federal program sources are excluded).

Local sources account for 28.21% of the total revenue for CISD at $9,489,265.  Of that amount $7,446,747 is allotted to the general fund, $413,410 to special services, and $1,629,108 for debt services. 

State sources account for 59.06% of the total revenue for CISD at $19,865,660.  Of that amount $18,184,470 is allotted to the general fund, $386,068 to special services, and $1,295,122 for debt services.

Federal sources account for 12.73% of the total revenue for CISD at $4,283,581.  Of that amount $286,240 is allotted to the general fund, $3,997,341 to special services, and $0.0 for debt services. 

The amount of revenue from local sources is reflective of CISD being a poorer property wealth district and thus not generating enough local tax revenue to adequately fund the educational needs of CISD’s students.  As with state program sources, the majority of money from the local sources are allotted to the general fund and a much smaller amount to special services.  Each contributes to the debt service for facilities.  Much of the facility improvement in CISD comes from the fund balance as passing bonds is very difficult in our community.

Federal sources require almost all monies be allotted to special services and, although only 12% of our revenue sources, are very important in these tough economic times.  CISD lost $3.5 million in state funding and $0.5 million in federal funding from 2010 to 2011.  In addition, due to an unexpected decrease in enrollment as of snapshot, we stand to lose an additional $680,000.  To further complicate financial matters, the state informed us that they made a $400,000 mistake in 2009 and will be holding that from CISD in 2011.

Nearly 80% of our student population is economically disadvantaged and thus the funding formula appears to work in our favor by sending more money from the state to compensate for our lack of local sources.  Where I feel that there is a lack of equity is how some districts, through CEI and other components of the funding formula, are assigned substantially larger WADA/student amounts.