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Debt Obligations

 

To increase transparency, Argyle ISD is committed to providing financial information that is transparent, relevant, and easily accessible.

The finance department is responsible for the management of the district's financial resources in a fiscally responsible and transparent manner.  It is our goal to share this information, helping taxpayers better understand how their tax dollars are spent.

 

 

 

Understanding the District's Debt Obligations

Bonds are a way to borrow money for the construction of capital assets and infrastructure improvement projects.

Voter-approved, tax-supported debt is secured through property taxes dedicated to paying debt service.  A successful bond election authorizes the Board of Trustees to sell bonds as needed.  Bond costs are not incurred until they are sold.

Investors loan the money needed for a specific length of time, at the end of which the bond issuer (the borrower) pays back the loan with interest.  Issuers of conventional bonds pay periodic interest to the bondholders during the term of the bond. 

Bond Ratings

A dark circular logo with %22MOODY'S A1 Aaa INVESTOR SERVICE%22 written on it is set against a white background.

Bond costs are determined by the timing of repayment, the interest rate, the issuer’s credit rating, and bond market conditions. Ratings indicate fiscal health and are considered when school systems seek loans and refinance debt. Higher ratings could result in lower interest rates for loans. 

Moody's ratings reflect opinions of the relative credit risk.

  • A - Obligations rated A are judged to be upper-medium grade and are subject to low credit risk.
  • Aaa - Obligations rated Aaa are judged to be of the highest quality, subject to the lowest level of credit risk.

Debt Obligations as of August 31, 2025

District debt obligations are accounted for in the Capital Projects Fund.  This fund accounts for proceeds from the sale of bonds and other resources to be used for board-authorized acquisition, construction, or renovation, as well as, furnishings and equipping of major capital facilities. Upon completion of a project, any unused bond proceeds are transferred to the Debt Service Fund and are used to retire related bond principal.

Current restricted funds of $352,968,355, consist primarily of remaining bond issuance proceeds that are restricted for construction and other capital outlay expenditures.

The Debt Service Fund is a budgeted fund, which accounts for payment of principal and interest on long-term general obligation debt and other long-term debts to which a tax has been dedicated. Any unused debt service fund balances are transferred to the General Fund after all of the related debt obligations have been met.

Current restricted funds of $15,110,986, consist primarily of property tax collections that are restricted for debt service payments on bonded debt.

Total Outstanding Debt Obligations:

  • $   670,626,909 - Principal
  • $   554,442,345 - Interest
  • $1,225,069,254 - Total

Outstanding Tax-Supported Debt Obligations:

  • $   670,626,909 - Total Principal Remaining
  • $             33,221 - Total Remaining Per Capita
  • $1,225,069,254 - Total Including Interest
  • $             60,686 - Total Including Interest Per Capita

Total revenue-supported debt obligations:  Argyle ISD has no revenue-supported debt obligations.

Total lease-purchase or lease-revenue obligations:  Argyle ISD has no lease-purchase or lease-revenue debt obligations.

At this time, there are no upcoming bond elections scheduled. This page will be updated if a bond election is planned in the future.

Historical Bond Election Information

A list of purposes, including school buildings, buses, technology, athletic improvements, and a stadium, is presented against a dark background.

 

Visualizations

A horizontal bar chart displays the time trend of total outstanding tax-supported debt from 2021 to 2025, with fiscal years on the y-axis and dollar amounts on the x-axis.
Blue bars representing outstanding tax-supported debt per capita rise from $15,104 in 2021 to $33,221 in 2025, while an orange line showing inflation-adjusted debt per capita increases from $17,882 in 2021 to $33,221 in 2025, both plotted against fiscal years on the x-axis and dollar amounts on the y-axis.
A 3D pie chart displays two slices representing %22Debt Outstanding%22 (77%) and %22Authorized but Unissued%22 (23%) debt as of August 31, 2025, against a white background.

 

A financial table detailing debt service by function for fiscal years 2021-2025 is presented with revenue and expenditure figures in the foreground and the title %22Debt Service by Function Audited Fiscal Years 2021-2025%22 in the background.
A stacked bar chart displays voter-approved bonds from 2014-2025, with the foreground showing authorized issued bonds at $702,990,000 and authorized unissued bonds at $205,565,000 in the background.

 

 

Annual Debt Report

2025DebtTransparency (PDF)

Tax Rates

A table detailing delinquent taxes receivable for Argyle Independent School District is presented with years and tax rates in the foreground, and the district's name and schedule title in the background.

Debt Info from Adopted Budget

Adopted Budgets

Downloadable Data