Midland Independent School District believes and seeks to practice financial transparency in government in a constant basis. The information is in accordance with the Texas Comptroller’s Transparency Star Program criteria for local governments. The Transparency Stars program recognizes local government entities that go above and beyond in their transparency efforts.


The following summary data is from the Governmental Funds Statements in the District's Audited Financial Statements for the fiscal year ended in June 30th, 2021. Governmental Funds include the District's primary operating fund, i.e. General Fund, Special Revenue Fund for various grants, Debt Service Fund for the payment of interest and principal on all bonds, and Capital Projects Fund to account for the expenditures of bond proceeds.

Revenues General Fund Other Funds Total All Funds
Local and intermediate sources $351,228,906.00 $34,113,979.00 $385,342,885.00
State Program Revenues $87,496,752.00 $1,029,625.00 $88,526,377.00
Federal Program Revenues $2,233,974.00 $33,829,308.00 $36,063,282.00
Total $440,959,632.00 $68,972,912.00 $509,932,544.00
Expenditures Total Per Student
Instruction $173,696,711.00 $6,790.60
Instruction and School Leadership $19,848,234.00 $775.96
Student Support Services $38,182,140.00 $1,492.71
General Administration $8,095,643.00 $316.50
Support Services $40,545,792.00 $1,585.12
Ancillary Services $1,312,121.00 $51.30
Intergovernmental Charges $156,133,279.00 $6,103.96
Debt Service $19,474,065.00 $761.33
Capital Outlay $23,523,916.00 $919.66
Total $480,811,901.00 $18,797.13
District Stats 2017 2018 2019 2020 2021
Student Population (As Reported in Fall) 24,692.00 25,716.00 26,183.00 26,432.00 25,579.00
Total Full-time Equivalent (FTE) Employees 2,885.50 2,788.60 2,736.20 2,792.70 3,029.40
Average Salary 36,619.00 36,875.00 37,216.00 38,609.00 53,879.00
Students per FTE 8.56 9.22 9.57 9.46 8.44
Teacher FTE 1,573.40 1,573.90 1,568.60 1,588.20 1,672.90
Student to Teacher Ratio 15.69 16.34 16.69 16.64 15.29
Average Teacher Salary $53,198.00 $53,858.00 $54,038.00 $55,192.00 $59,172.00
Total Property Tax Revenue $206,877,353 $239,380,145 $281,128,549 $365,029,691.00 $369,644,580.00
Tax Revenue Per Student $8,378.31 $9,308.61 $10,737.06 $13,810.14 $14,451.10

Annual Financial Reports (AFR)

Each year, a school district must prepare its annual financial statements, have them audited by a licensed independent CPA firm, and submit the resulting audited annual financial and compliance report to the Texas Education Agency for review. The Annual Financial Report is due no later than 150 days after the close of a district’s fiscal year. Midland ISD’s fiscal year ends on June 30 and our AFR is due to TEA on or before November 27 of each year.

The District is committed to providing an AFR that goes beyond the minimum requirements of generally accepted accounting principles to provide a high quality document that is readily accessible and easily understandable to the general public and interested parties. Transparency and fiscal accountability are critical in today’s dynamic educational environment and the District strives to reach the highest standard in financial reporting.

Download Reports

Annual Comprehensive Financial Report

Annual Financial Statements

Financial Integrity Rating System of Texas (FIRST)

The state’s school financial accountability rating system, known as the School Financial Integrity Rating System of Texas (FIRST), ensures that Texas public schools are held accountable for the quality of their financial management practices and that they improve those practices. The system is designed to encourage Texas public schools to better manage their financial resources to provide the maximum allocation possible for direct instructional purposes.

Revenues and Expenditure per Student

Revenues and Expenditure per Student

Check Registers

Tax Rate Trend

Tax Rate Trend


The annual budget reflects the allocation of revenues and expenditures to support the District’s educational programs and services. Each school district in Texas is required by law to prepare an annual budget for the General Fund, the Debt Service Fund, and the Food Services Fund. As part of the District’s efforts to increase the level of transparency and engagement in the budgeting process, we are committed to providing essential financial information and data on the District’s revenues, expenditures, tax rates, cost drives and comparative data with other school districts.

As required by the legislature, the district must post the following statement:


Prior Year Budgets
2020 - 2021 Adopted Budget [pdf] [xls]
2019 - 2020 Adopted Budget [pdf] [xls]
2018 - 2019 Adopted Budget [pdf] [xls]
2017 - 2018 Adopted Budget [pdf] [xls]
2016 - 2017 Adopted Budget [pdf] [xls]
2015 - 2016 Adopted Budget [pdf]


Investment Grade Bonds
Moody's S&P Meaning
Aaa AAA Bonds of the highest quality that offer the lowest degree of investment risk. Issuers are considered extremely stable and dependable.
Aa1, Aa2, Aa3 AA+, AA, AA- Bonds of high-quality by all standards, but carry a slightly greater degree of long-term investment risk.
A1, A2, A3 A+, A, A- Bonds with many positive investment qualities.
Baa1, Baa2, Baa3 BBB+, BBB, BBB- Bonds of medium-grade quality. Security currently appears sufficient, but may be unreliable over the long term.


Darrell Dodds
Chief Financial Officer

T: (432)240-1017

Executive Director of Financial Services

T: (432)240-1903

Arturo Valenzuela

T: (432)240-1908