Debt At A Glance: Want To Know How Much Debt Wimberley ISD Has? We Did Too!

In addition, the debt is shown for the Wimberley ISD only, and not for other political subdivisions that may have outstanding debt, taxing powers, and the same boundaries as the city…

NOTE: The data below is presented as of the dates indicated (August 31, 2016) and may not reflect debt, population or other data as of any subsequent date. The Texas comptroller’s office compiles the financial data below directly provided by each government entity and publishes it in the last quarter of every year; therefore this is the most recent historical data available. When the Texas comptroller’s office releases the latest round of data and financial reports, Corridor News will publish this important data you need to hold a government entity accountable.

It’s budget time again for Texas counties, cities and some school districts, and Corridor News wanted to share the most recent financial and debt information available for the Wimberley ISD, Hays County and additional local government and school districts.

Over the next week, Corridor will be sharing a series of articles of Debt at a Glance for Hays County, Kyle, Buda, Wimberley, Dripping Springs, Woodcreek, Mountain City, Hays and Niederwald including Hays CISD, San Marcos CISD, Wimberley ISD and Dripping Springs ISD.

There are multiple public hearings scheduled and coming up quickly. These meetings will allow residents to have a say on how much their city, county and school districts are spending, what they are spending on and how much they are in debt.

The data and graphics below come directly from the Texas Comptroller’s office.

DEBT AT A GLANCE — WIMBERLEY ISD, TEXAS

Wimberley ISD is located in Hays County, and had an enrollment
of 2,189 in 2016.

The district has a total of 4 campus(es), including 2 elementary
school(s), 1 middle school(s) and 1 high school(s).

The data on this page is provided as of the date indicated and may not reflect debt, population or other data as of any subsequent date.

In addition, the debt is shown for the Wimberley ISD only, and not for other political subdivisions that may have outstanding debt, taxing powers, and the same boundaries as the city. Debt of a controlled non-profit corporation is included as debt of its sponsoring city, even if non-recourse.

For more information on the types of debt, refer to our Debt Glossary.

Current Debt Obligations for Wimberley ISD

Debt Outstanding Wimberley ISD, Texas as of August 31, 2016

(1) Voter approved tax supported debt is secured by a pledge of a sufficient property tax dedicated to pay debt service. May be used for school capital projects such as buildings, renovations, technology, athletic facilities, school buses and performing arts facilities or to refund maintenance and operations tax-supported debt.

(2) Debt payable from revenue other than dedicated debt service taxes, including maintenance and operations taxes. May be used for any purpose other than payment of debt service, including maintenance and operating expenses.

(3) Debt used to build and maintain sports facilities and payable from non-tax revenue.

(4) Obligations issued by a public facilities corporation created by a school district, used for acquiring, constructing, and equipping school facilities, and payable from lease rental obligations of the district. Commonly paid from available unrestricted revenue, including surplus maintenance and operations tax proceeds. 

Source: Texas Bond Review Board

CABs Outstanding for Wimberley ISD, as of August 31, 2016

A Capital Appreciation Bond (CAB) is a debt instrument governments can use to fund buildings, parks, roads and other capital projects. For conventional bonds, principal and interest payments are made in installments, generally once a year for principal and twice a year for interest.

CABs, by contrast, require no payments of any kind until the date on which the debt becomes due, or the maturity date.

At that time, the full amount of the principal plus all of the compounded interest accrued, frequently referred to as the maturity amount, must be repaid to the investor as a single lump sum.

Source: Texas Bond Review Board

 


How Wimberley ISD Compares

Tax-Supported Debt Outstanding for Cities of Similar Size, as of August 31, 2016

Note: The table includes Wimberley ISD and nine ISDs with closest enrollment numbers based on 2015-2016 TEA enrollment data. Total tax-supported debt includes both voter approved and maintenance and operations tax-supported debt.

It does not include revenue debt or lease-purchase obligations. Enrollment figures are 2015-2016 Texas Education Agency estimates. The state provides funding for debt service to some school districts; thus, debt outstanding per student may not be indicative of relative school district debt service tax burdens.

Source: Texas Bond Review Board, U.S. Census Bureau

z


Most Recent Bond Election

Visit the Texas comptroller’s bond election roundup to see all local bond election results from May 2013 or later.

Wimberley ISD Bond Election

Approved Bonds

Source: Wimberley ISD

Defeated Bonds

No data available.
Note: Does not reflect authorized but unissued debt, if any, approved at earlier elections.


Proposed Bond Issuances

No data available
Note: Reflects only referenda currently known and verified by the Comptroller’s office at this time.
For a full list statewide, see the Upcoming Bond Election Roundup.


Wimberley ISD Tax-Supported Debt Per Capita
Outstanding
at Fiscal Year End: 10-Year Trend

Per Capita: per unit of population — by or for each person
Use example: “the highest income per capita of any state”

Note: Reflects debt in 2016 dollars divided by estimated population in the relevant year. Some debt issued before 2003 may not be reflected.

Sources: Texas Bond Review Board, Texas Education Agency, Bureau of Labor Statistics

Current Tax Rates

Sales Tax Rate in Fiscal Year 2016

Property Tax Rates in Calendar Year 2016
(Per $100 Valuation)

z


Authorized But Unissued Tax-Supported Debt

After voters approve tax-supported debt for a local entity in an election, the entity applies to the Attorney General (OAG) to approve issuance before debt is issued.

Typically, the entity does not apply for the OAG to approve the total debt package at once, but rather over time so that it can manage the projects and reduce interest expense.

Authorized but unissued tax-supported debt totals are the remaining voter approved tax-supported debt that the entity has not issued yet and may be issued in the future.

Note: Reflects authorized but unissued tax-supported debt as of August 31, 2016. Some debt authorized prior to 2003 but still unissued may not be reflected.

Source: Texas Bond Review Board

An Introduction to Understanding

Comprehensive Annual Financial Reports

When you’re ready to learn about a public entity’s fiscal health, you’ll find a great deal of information in comprehensive annual financial reports (CAFRs) and other yearly reports. Often posted online alongside other financial information, CAFRs report an entity’s accounting statements, debts and other key information for the past year.

But sometimes that information can be tricky to find – and tough to understand. Because of that, the comptroller’s office compiled some tips for locating an entity’s CAFRs and for understanding them. You’ll learn how all CAFRs have certain similarities and when and why different entities’ CAFRs will differ in key ways. Plus, they detail strategies for pinpointing the debt, expenditure and revenue information you need to hold a government entity accountable.

Note that the data in the following publications is presented as of the dates indicated in the publications and may not reflect debt, population or other data as of any subsequent date. For further or more current information, see the applicable entity’s website or its most recent filings at Electronic Municipal Market Access (EMMA®). The Comptroller does not control or guarantee the accuracy, completeness, or currency of any such site.

Read the Texas Comptroller’s Guide to Understanding Comprehensive Annual Reports (CAFRs)

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *