As school districts experience growth or see a need to upgrade facilities, many choose to fund projects by pursuing bond funding. A bond referendum requires voter approval before a district can issue bonds. Districts may also fund projects using the fund balance, which is unspent money not designated for expenses. Many school and government organizations use fund balances for capital projects, which include construction, renovations or expansions. Frisco ISD is in the early stages of discussing a bond election. The district’s last bond election was held in 2014, when voters approved authorizing $775 million in bonds. Most of these bond funds have been used to build new schools and upgrade other facilities. At an April budget workshop, FISD staff said another bond election would be needed in the future to build more schools and facilities. City staff also discussed the possibility of needing another bond election in the near future during Frisco City Council’s winter work session this year.