Hays CISD’s bond rating rises Because of a continued strong financial position, both Fitch Ratings and Standard & Poor’s ratings services have upgraded Hays CISD’s bond rating from “A” to “A+” on the 2008 series bonds and all outstanding bonds.
“This upgrade is the result of the district’s commitment to maintaining a strong financial position given the financial and capital pressures related to rapid growth,” said Carter Scherff, Hays CISD Deputy Superintendent.
According to Fitch Ratings, “the upgrade reflects the district’s steadily growing fund balance reserves despite rapid enrollment growth pressures, and continued expansion of its tax base with prospects for sustained growth resulting from accelerating commercial development projects and availability of affordable land.”
According to Standard & Poor’s (S&P), the upgrade is based on “the district’s continued tax base growth and consistently strong financial position.”
The debt ratings raise reflects the district’s location with direct transportation access to the greater Austin-San Marcos metropolitan statistical area labor markets, strong financial position, and rapidly growing and diverse tax base, according to S&P.
“Despite pressures from student enrollment growth, Hays CISD continues to improve its financial position,” the S&P reported stated.
Hays CISD sold the series 2008 bonds last week at an interested rate of 4.73 percent, which is 52 basis points below the number presented to voters prior to the May 10 bond election.
“The district will save more than $19 million over the life of the bonds due to the lower interest rate,” Scherff said.
Chapa’s Cougar Camp slated for August 1
The 3rd Annual Cougar Camp at Chapa Middle School will be Friday, August 1, from 8 a.m. to 12:30 p.m. The orientation is for incoming 6th graders and new-to-district students. Admission is free.
“This is a good time for 6th graders and new-to-district students to get acquainted with the campus and to learn the Cougar Way,” said Lisa Islas, Principal of Chapa Middle School.
Upperclassmen from Chapa Middle School, along with campus staff, will be on hand and ready to provide students with critical information about middle school, such as the structure of the day, tour of the campus, school pride and clubs. Refreshments will be served and T-shirts may be purchased for $10.
“We hope to get them better equipped to make good decisions for their academic career,” Ms. Islas said. “We also hope to help them connect with other students and staff and get involved in their school.”
Registration forms are available at the school. Summer hours are: 7:30 a.m. to 5 p.m., Monday through Thursday. Registration forms may also be requested via email at firstname.lastname@example.org.
New student registration set for August
New student registration will be in early August-6 and 7 for elementary students, and August 11 and 12 for secondary students. The registration will take place at all campuses during regular business hours. During the summer, campuses are open Monday through Thursday.
According to state law, to enroll, students must provide:
o A birth certificate or another document suitable as proof of the child’s identity
o A copy of the child’s records from the school most recently attended
o A record showing that the child has the immunizations required, proof that the child is not required to be immunized or proof that the child is entitled to provisional admission.
Students shall not be denied enrollment if they cannot provide a birth certificate or Social Security number. However, they must provide proof of immunizations.
Please call the Central Administration Office, 268-2141, if you are new to the district and are unsure where your child will be attending school.
By JULIE JEROME
Chief Information Officer – Hays CISD