Financial Transparency & Accountability
Financial Transparency & Accountability
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These independent audit reports are done each fiscal year to ensure the financial statements of the district are free from material misstatement. Additionally, they provide information concerning the financial condition of the District to the Board of Trustees, community members, representatives of financial institutions, rating agencies and other interested parties.
Fiscal Year Ended August 31, 2025
Fiscal Year Ended August 31, 2024
Fiscal Year Ended August 31, 2023
Fiscal Year Ended August 31, 2022
Fiscal Year Ended August 31, 2021
Fiscal Year Ended August 31, 2020
Fiscal Year Ended August 31, 2019
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The state's school financial accountability rating system, known as the School Financial Integrity Rating System of Texas (FIRST), ensures that Carrizo Springs CISD, as well as other public schools are held accountable for the quality of their financial management practices.
2025-2026 FIRST Rating (Presentation) 2025-2026 FIRST Rating (Report)
2024-2025 FIRST Rating (Presentation) 2024-2025 FIRST Rating (Report)
2023-2024 FIRST Rating (Presentation) 2023-2024 FIRST Rating (Report)
2022-2023 FIRST Rating (Presentation) 2022-2023 FIRST Rating (Report)
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Government entities such as school districts issue bonds to finance major capital expenditures. These include the construction and equipping of school buildings and other district facilities, building additions, renovations, improvements, etc. Bonds authorized by voters by a majority vote in a bond election are issued by the district based on financing needs for the projects. School districts use the issuance of bonds to finance facilities in the same manner a homeowner uses a mortgage to finance a home. The Debt Service/ Interest & Sinking (I&S) Fund is used to repay the principal and interest of bonded debt over time. The school district tax rate is made up of two parts, maintenance and operations (M&O) and debt service/interest & sinking (I&S). The revenue from the M&O portion of the tax rate is used to fund day-to-day district operations such as payroll expenses, utilities, and building maintenance. The I&S portion of the tax rate is set each year to generate tax revenue sufficient to meet the debt payments for the year. The links below provide information about Carrizo Springs CISD bonds and debt obligations.
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