Debt Obligation

  • The Business and Support Services Department is responsible for preparing financial reports and debt information that promote transparency and accountability. 

    The information below shows debt obligation as of August 31, 2020.

Debt Information Summary

  • Long-term debt consists of bonds payable, capital leases payable, claims payable, net pension liability, net OPEB liability, and a provision for compensated absence.  Bonds are payable solely from future revenues of the Debt Service Fund.  The District is in compliance with all significant bond compliance requirements.  Internal Service Funds serve the governmental funds.  Accordingly, long-term liabilities for them are included as part of the totals for governmental activities.  See Note 13 for disclosures regarding claims payable for Health Insurance and Workers' Compensation.  Other long-term liabilities are generally liquidated with resources of the General Fund.  See Note 14 for additional disclosures regarding compensated absences, Note 11 for defined benefit pension plan, and Note 12 for defined other post-employment benefit plan.

    A summary of long-term debt transactions of the District for the year ended August 31, 2020, follows:

Debt Summary

Debt Information

Tax-Supported Debt Trend

Graph of Tax Supported Debt Trend

Inflation Adjusted Tax-Supported Debt Per Student Trend

Inflation Adjusted Tax Supported Debt Per Student

Ratio of Tax-Supported Debt to Assessed Value

Graph of Ratio of Tax-Supported Debt to Assessed Value

Bond Elections

  • 2015 Bond Referendum

    Alief ISD voters approved the 2015 bond referendum on May 9, 2015.  The approval rating for the referendum was 72.3 percent as 830 votes were cast for the referendum and 318 votes cast against the referendum.  The District has issued five installments totaling $285,665,000 as of August 31, 2020 and plans to issue the remaining authorized amount next year.


    2003 Bond Referendum

    On September 20, 2003, an election was held, and the voters authorized bonds of $175,000,000 by a vote of 1,264 for (89%) and 150 against.  The proceeds were for two elementary schools, renovations, additions, and maintenance to existing campuses including enclosing classrooms at the elementary schools.  The District has issued nine installments from this referendum totaling $165,683,000.  The District does not currently have plans to issue the remainder.


    Authorized but Unissued Bonds

    As of August 31, 2020, the authorized but unissued balances from the 2003 and 2015 bond referendums are as follows:

    Authorized but Unissued Bonds


    Bond Status 

    Bond Status


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