HEB ISD School & Family Magazine Summer 2016 | Page 23

STATE
of the
DISTRICT
2015 - 2016

Financial Strength & Accountability

Another way HEB ISD is Different by Design

HEB ISD strives to support student achievement with fiscal responsibility, efficiency, and integrity.

HEB ISD understands that a strong financial position shields the district in times of uncertainty, ensures
additional student support is available when needed, and protects the taxpayers.

With its high quality academic programs, its focus on the whole child, and its solid financial management,
HEB ISD continues to be a “destination district”. As a result, HEB ISD has experienced a steady value
growth over the years. As values rise, HEB ISD has proactively lowered the tax rate whenever possible,
demonstrating its respect for the taxpayer. Since the initial impact of the 2011 bond, the district has
lowered the tax rate every year equating to a 6.4 cent decrease over 4 years.

Financial Efficiency & Prudent Planning

Financial PERFORMANCE

Between M&O fund allotments and the
district’s Locally Defined Capital Projects
Fund to serve as a “savings account” for large
capital improvement projects, HEB ISD has
undertaken approximately $60 million in
capital improvements over the past 5-10
years, without the need to increase the I&S tax
rate for voter-approved bonds.

FIRST rating = Superior Achievement
13 years in a row
ASBO Certificate of Excellence
in Financial Reporting Award
13 years in a row

9 Security camera and exterior lighting
system overhaul

GFOA Certificate of Achievement for
Excellence in Financial Reporting
13 years in a row

9 Renovations to athletic fields, facilities,
and tracks
9 Upgrades to auditorium lighting and
sound systems

S&P + Fitch underlying/unenhanced
credit rating = AA+ (very strong)

9 Renovations, carpeting and painting at
elementary campuses
9 District facility updates
9 Even the construction
of an elementary
campus!

Texas
Permanent
School
Fund

Enhanced credit rating = AAA
(PSF Guarantee)

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