"Financial transparency" means making information as accessible as possible. According to the SEC, it means "timely, meaningful and reliable disclosures about a company's performance. PBTISD is committed to the belief and practice of financial transparency in government.
The following summary data is from the Governmental Fund Statements in the District's Comprehensive Annual Financial Report for the year ended August 31, 2019. 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.
Debt Service Fund
Child Nutrition Fund
Total All Funds
Property Taxes & Other Local Revenues
Federal Program Revenues
Instruction & Related
As part of our continuing commitment to transparency and accountability to our community, and in accordance with the Texas Comptroller’s Transparency Star Program criteria for local governments, PBT ISD maintains summary information about its outstanding debt.