2011-2012 District Budget - San Antonio Independent School District

DEBT SERVICE FUND
The Debt Service budget and Capital Projects budget are closely linked. The Debt Service budget
must cover the cost of financing new facilities built under the Capital Projects Fund. It must pay
interest expense and payments on all bonded debt of the District. The primary sources of revenue
for the Debt Service Fund are local property taxes and the State Instructional Facilities Allotment
and Existing Debt Allotment.
CAPITAL PROJECTS FUND
Although the Texas Education Agency does not require an annual adopted budget for the Capital
Projects Fund, a budget is approved by the board through the District’s budget amendment
process at the start of a project. This fund accounts for proceeds from bond issues, revenues and
expenditures related to authorized construction and other capital asset acquisition.
FIDUCIARY FUND
The District is the trustee, or fiduciary, for money raised by student activities. The District
accounts for these monies in a custodial capacity as an Agency Fund. These are not budgeted
funds and the District cannot use them to support its operations. The District, however, is
responsible for ensuring that the assets reported in these funds are used for their intended purpose.
All of the District’s Fiduciary activities are reported in the Comprehensive Annual Financial
Report (CAFR) in Exhibit E-1.
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