information for the community

NEISD Finances

On this page you will find information regarding the finances of the North

East Independent School District, including:

Annual Budgets

Annual Tax Rates

Comprehensive Annual Financial Reports (CAFRs)

Financial Integrity Rating System of Texas (Schools FIRST) reports

Investment Management

IRMA Representation Letter

Debt Management

Check Register

Administrative Costs

School Finance 101

How to Contact the District


The Comptroller of the State of Texas has created a website dedicated to transparency in government,  The website is “a one-stop source to collect all available information on local government finances” of Texas governmental entities.  For more information, visit

TX Comptroller Leadership Circle


The North East ISD received a PLATINUM Leadership Circle Award for 2015 from the Texas Comptroller Leadership Circle Program.  The Texas Comptroller of Public Accounts created the Leadership Circle Program to recognize government entities that “are striving to meet a high standard for financial transparency online.”  There are four possible designations – Bronze, Silver, Gold, and Platinum.  Platinum award winners are entities “that go above and beyond providing financial transparency."


2016-2017 Adopted Budget

The Texas Education Code (TEC), Chapter 44, governs the process for Texas school district budget preparation and adoption. The Board of Trustees must adopt annually a budget for the General, Debt Service, and School Nutrition Services funds. To comply with the TEC, districts must produce and publish certain reports related to the proposed and adopted budget each year.

2016-2017 Adopted Budget - PDF

2016-2017 Adopted Budget - Excel

2016-2017 Adopted Budget - Executive Summary

2017-2018 Notice of Public Meeting

2017-2018 Required Web Posting

Where Does the Money Go?

VIDEO: How a Dollar Spends the Day at NEISD

Historical adopted budgets can be found at


2016-2017 Property Taxes

The total tax levy for the North East Independent School District is comprised of two different rates:

  • The Maintenance & Operations (M&O) tax which is used to fund the daily operations of the District
  • The Interest & Sinking (I&S), or Debt Service, tax which is used to fund the principal and interest payments on the District’s outstanding voter-approved bonds

The tax rates set for a school district represent the taxes levied per $100 of taxable property value, as determined by the Bexar County Appraisal District. Assessment and collection of the property tax is administered by the Bexar County Tax Assessor-Collector. Taxable property value is the assessed value of the property less all qualifying exemptions. In addition, the taxes of a homestead of a person 65 years of age or older (or the surviving spouse 55 years or older) may not be increased above the amount paid in the first year the person turned 65, regardless of changes in tax rate or taxable value.

For 2016-2017, approximately 69% of NEISD’s General Fund’s budgeted revenue comes from the levy of M&O taxes, and nearly all (96%) of the Debt Service Fund’s revenue is from I&S taxes.

2016-2017 Tax Rates:

M&O $1.040

I & S 0.345

Total $1.385

The average home in NEISD has a market value of $225,600 and a taxable value (after homestead and other exemptions) of $196,100. An example of the total school district taxes are calculated as follows:


Taxable Value

Value Divided by 100

Tax Rate

(Rate x Value / 100) =

Taxes Levied

















Your Tax Dollars at Work

Disclosures required by Section 26.05 of the Texas Tax Code:




Comprehensive Annual Financial Report

The Comprehensive Annual Financial Report (CAFR) is the annual financial statement for North East Independent School District. It is prepared to provide the Board of Trustees, taxpayers, bondholders, regulatory agencies, and District staff members with useful information about the District’s operations and financial position. The District’s financial statements are audited annually and the independent auditor’s report is included in the CAFR. Not only does the CAFR provide a snapshot of the District’s financial data for the prior year, the statistical section presents trend information over the past ten years that provides insight into how the District’s financial position has changed over time. Click here to view the June 30, 2016 CAFR

Historical CAFRs can be found at



The Government Finance Officers Association (GFOA) of the United States and Canada awarded a Certificate of Achievement for Excellence in Financial Reporting to the District for its Comprehensive Annual Financial Report for the year ended June 30, 2015.  This is the 37th consecutive year NEISD has won the award.  In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized Comprehensive Annual Financial Report whose contents conform to program standards.  Such reports must satisfy both GAAP and applicable legal requirements.  Click here for the most recent GFOA certificate.



Financial Integrity Rating System of Texas (Schools FIRST)

The Schools FIRST rating system was implemented in 1999 by the Texas Education Agency. The primary goal of Schools FIRST is to achieve quality performance in the management of school districts’ financial resources, a goal made more significant due to the complexity of accounting associated with Texas’ school finance system. The Schools FIRST accountability rating system assigns one of four financial accountability ratings to Texas school districts, with the highest being “Superior Achievement,” followed by “Above-Standard Achievement,” “Standard Achievement,” and “Substandard Achievement.” Ratings issued in 2016 are based on financial, student, and staff data submitted for the 2014-2015 fiscal year.  Click here to view the 2014-2015 Schools FIRST report Schools FIRST

Historical FIRST reports can be found at


Investment Management

NEISD Treasury staff work diligently to ensure the District maximizes the use of every taxpayer dollar. All funds received by the District are invested in accordance with the Texas Public Funds Investment Act, Texas Government Code Chapter 2256. The results of the District’s investment portfolio are reported to the Board of Trustees quarterly, and a Comprehensive Annual Investment Report is approved by the Board. The Annual Investment Report contains information on the District’s investment activity during fiscal year 2015-2016. Click here to view the 2015-2016 reportInvestment Report

Historical Investment Reports can be found at

The District's IRMA representation letter can be found here.


Debt Management

For information regarding the status of NEISD’s current bond programs, see the Construction Management & Engineering Department’s website.  Please click here:

NEISD Bond Election Pledge

A summary of the District’s future principal, interest payments and required disclosures as of June 30, 2016 can be found here.

Each of the District’s outstanding bond official statements are detailed here.



Much like a person’s credit score, the District’s bond rating determines its creditworthiness and impacts its cost of borrowing money. NEISD uses Moody’s Investors Service (Moody’s) and Fitch Ratings (Fitch) to provide ratings for the District. Bond ratings are based on a scale, with Aaa (Moody’s) or AAA (Fitch) being the highest. Because the State of Texas guarantees school district debt, all NEISD debt is rated Aaa/AAA. However, the District also receives “underlying ratings” that score the creditworthiness of the District without the support of the State’s guarantee. A higher underlying rating results in lower interest rates on the District’s debt. NEISD’s ratings are in the “High Quality” section of the two rating scales. Moody’s ranks NEISD Aa1 and Fitch ranks NEISD AA+; each rating is just one step below Aaa/AAA. In determining the ratings, the rating agencies noted NEISD’s:

  • “financial stability;”
  • “sound operating performance;” and
  • “strong financial management”

Latest Moody’s Rating Report

Latest Fitch Rating Report



Since 2012, NEISD has refinanced nearly $785 million of its debt, resulting in savings to taxpayers of more than $140 million.

Debt Info Table


Check Register

NEISD posts its check register to the District Web site to increase the transparency of its expenditure of public funds. This register includes all checks, other than employee paychecks and workers’ compensation reimbursements, issued by the District. Click here to access the District’s check registers – Check Registers


Administrative Costs

The official standard used by the Texas Education Agency (TEA) for Schools FIRST calculates Administrative Cost Ratio by dividing Administrative Costs (Instructional Leadership plus General Administration) by Instructional Costs (Instruction and Instructional Services plus Guidance and Counseling).    TEA sets standards for districts based on the district’s enrollment.  NEISD’s administrative cost ratio consistently ranks in the top 3% statewide.  Below is NEISD’s administrative cost ratio for each of the last five years and the budgeted rate for 2016-2017.

Administrative Cost State Standard Table


School Finance 101: Funding of Texas Public Schools

The Texas Education Agency Office of School Finance has created a document "School Finance 101: Funding of Texas Public Schools" to provide a general overview of the funding received by Texas public schools. You can view this publication at


How to Contact the District

Information for contacting NEISD’s financial staff is located here:

Information regarding submitting requests for information under the Public Information Act, please click here:

To contact your representative member of the Board of Trustees, please click here: