Annual Debt Reports

Mission CISD is dedicated to upholding transparency and accuracy in communicating its borrowing activities and financial well-being. To this end, the district annually publishes local debt reports, offering detailed insights into outstanding debt, encompassing general obligation bonds, borrowing purposes, and debt terms.

 

These comprehensive reports also feature the district's bond ratings, reflecting its financial health and creditworthiness. A higher bond rating indicates lower risk, enabling the district to secure more favorable interest rates. Mission CISD actively participates in the Instructional Facilities Allotment (IFA) program, ensuring state aid for qualifying bonds and lease-purchase agreements.

 

Qualifying for IFA funding necessitates meeting specific tax requirements. State aid under IFA guarantees a yield of $35 per penny of tax effort per unweighted ADA (Average Daily Attendance). Mission CISD underscores its commitment to responsible financial management by publishing these reports. These reports showcase a robust financial position, reinforcing the district's dedication to its educational mission and benefiting students and taxpayers.