M&O Budget

There are two sources of funding for the Maintenance and Operations Fund (M&O Fund). The first source of funding is local property taxes. Clear Creek ISD’s general fund is comprised of 56.7% of revenue coming from local property taxes. The other source of funding for the M&O Fund is revenue from state sources and that makes up 40.9% of the general fund.

      This fund is established to account for resources financing the fundamental operations of the district. The education of students is labor intensive. This is reflected in the large portion of the District's budget for payroll costs. The composition of the District's workforce is determined by the staffing policies and guidelines of the Board of Trustees on the basis of projected student enrollment and curriculum requirements.

In Clear Creek ISD 68.7% of the general fund budget is on instructional and related services. Almost eighty five percent (84.9%) of spending in the

General Fund is for personnel, as a result a large part of this budget goes toward personnel and benefits associated with our classroom teachers. The second largest expenditure class in Governmental Funds is debt service. Since it has been a fast growth district, Clear Creek has issued almost $450 million in bonds over the last seven years and thirteen percent (13.3%) of its governmental fund monies in the Debt Service Funds. Clear Creek ISD does not qualify for any State funding to cover debt services.

      Revenue in this general fund is estimated at $284,966,000 while expenditures are budgeted at $288,347,391. The General Fund budget is balanced with a proposed operating transfer from the capital replacement fund of $3,400,000. This provides a very small increase in fund balance ($18,609).