Business Office Fort Ringgold Rio Grande City, Texas 78582 Phone: - - PDF document

Business Office Fort Ringgold Rio Grande City, Texas 78582 Phone: (956) 716-6710 Fax: (956) 716-6610

Rio Grande City CISD

Rio Grande City, Texas 2012-2013 Proposed Annual Budget

For Fiscal Year September 1, 2012 – August 31, 2013

PAGE

Citizen's Guide to Our Budget……………...…..………………………………………………………… ii Board of Trustees, Superintendent, and Finance Staff………………...……………………………….. iii

GENERAL OPERATING FUND (199)

General Operating Fund and Debt Service Fund Proposed Annual Budget………...….……… 1 General Operating Fund - Major Revenues……………….…………………………………… 2-3 Statement of Revenues, Expenditures, and Changes in Fund Balance ….….…………….…… 4 Estimated Revenues - General Operating Fund…………………....…………………………… 5 Summary of Total Revenue by Major Source…………………....……………………………… 6 Preliminary 2012 - 2013 Estimate of State Aid (TEA State Template)……………....………… 7-8 Minimum Required Expense Analysis……………...……….…………………………………… 9 Budget Expenditures by Object……………….....……………………………………………… 10 Budget Expenditures by Function………………….…………….……………………………… 11

CHILD NUTRITION PROGRAM

Child Nutrition Program Fund Summary………….………………………..…………………… 12 Fund 101 - Statement of Revenues, Expenditures, and Changes in Fund Balance…………...… 13

DEBT SERVICE FUND

Debt Service Fund Summary…..….…...………………………...……………………..…..…. 14 Fund 513 - Statement of Revenues, Expenditures, and Changes in Fund Balance………….… 15 Fund 516 - Statement of Revenues, Expenditures, and Changes in Fund Balance……………. 16 Fund 513 - Statement of Estimated Revenues……………………...……..…………………… 17 Fund 516 - Statement of Estimated Revenues………….……………………..………………… 18 Outstanding Debt Schedule - Principal & Interest for Bond Loans……………........…………… 19

SPECIAL REVENUE

Summary of Special Revenue (information only)…...……..…...……………………….……. 20

2012-2013 PROPOSED ANNUAL BUDGET TABLE OF CONTENTS

i

WHAT IS A DISTRICT BUDGET? The District budget is an annually revised document that describes the financial performance and the detailed financial allocations made to maintain district operations for the proposed budget year. WHAT IS THE PURPOSE OF A BUDGET? The objective of the budget is to communicate the financial plan about district operations to the public, the Rio Grande City Consolidated Independent School District (RGCCISD) Board of Trustees, and all members of the organization for each budget year. WHAT ARE PROPERTY TAXES? Property taxes are funds that are levied, assessed and collected annually (ad valorem taxes) for the further maintenance of public schools in the district and to pay bonds issued by the school district. WHAT IS A TAX RATE? It is the amount of dollars levied per $100 of taxable value (after exemptions). The resulting amount is called Ad Valorem Taxes. WHAT IS AD VALOREM TAX? Ad Valorem Tax is the Property Tax (after exemptions) that is placed on all the property within the district's jurisdiction. The appraised value is determined by the Starr County Appraisal District. HOW ARE PROPERTY TAXES CALCULATED? The taxable value (after exemptions) divided by 100 and multiplied by the tax rate: Average Appraised Value 37,766 $ Less Homestead Exemption 15,000 Total Taxable Value 22,766 $ RGCCISD Tax Rate 1.4426 22,766 $ 227.66 $ x 1.4426 328.42 $ Total Property Tax Due 100 $ WHERE CAN I GET ADDITIONAL INFORMATION ABOUT RGCCISD AND THE DISTRICT BUDGET? Rio Grande City CISD Fort Ringgold Rio Grande City, TX 78582 = =

• ii

BOARD OF TRUSTEES

Basilio D. Villarreal, Jr. Roberto Gutierrez Cesar Gonzalez Noe R. Gonzalez President Vice-President Secretary Member Silvina S. Hinojosa Ruben Klein Leonel Lopez, Jr. Member Member Member

SUPERINTENDENT & FINANCE STAFF

Roel A. Gonzalez Superintendent of Schools

2012-2013 BOARD OF TRUSTEES, SUPERINTENDENT & FINANCE STAFF

Thelma Ramey Oneida Balderas Diana Robles-Méndez Lourdes M. Elizondo Juan Ruiz

• Asst. Supt. for Finance and Operations

Compliance Auditor Accounting Supervisor Accountant Data Programmer

iii

Difference of Estimated Transfers Appropriations Revenues Appropriations (Out) / In & Transfers GENERAL FUNDS: 101 Child Nutrition Program 8,436,302 8,436,302 8,436,302 199 Operating Fund (G/Fund) 87,238,581 87,238,581 87,238,581 Total 95,674,883 95,674,883 95,674,883 DEBT SERVICE FUNDS: 513 Debt Service - Alto Bonito

• 516 Debt Service - I & S

9,453,709 9,453,709 9,453,709 Total 9,453,709 9,453,709 9,453,709 Total 105,128,592 105,128,592 105,128,592 Fund Description

PROPOSED ANNUAL BUDGET FISCAL YEAR 2012 - 2013

1

Fiscal Year 2012-2013: The Revenues for the General Funds are $ 95,674,883. Non-cash Revenues are $ 3,182,733 which includes Teacher Retirement System payments. The net cash revenues for the District are $ 92,492,150. TAXES Property Taxes: Total assessed valuation for 2011-2012 was $ 1,167,879,710 with a total current tax of $ 1.4795. The District levied $ 17,215.216 in fiscal year 11-12. The maintenance and operation rate was $ 1.17 and the debt service rate was $.3095. Fiscal Year 2012-2013: The District will budget 90% of the estimated tax levy. The proposed tax rate is $ 1.4426 (M&O $ 1.17 and I&S $ 0.2726) for a total estimated tax collection

• f $ 14,839,259 (M&O $12,060,720 and I&S $ 2,778,539).

Prior Year Taxes: The District budgeted $900,000 for prior year taxes. The District contracts with a law firm to collect prior taxes. Collection efforts by the Tax Office include mail outs, working with the Tax Attorney to file suit on properties, and foreclosure. A 15% commission is charged by the law firm and passed through to the taxpayers for the years that a 15% fee was assessed. OTHER REVENUES RELATED TO TAXES (PENALTY & INTEREST) Fiscal Year 2012-2013: The District estimates to collect $ 798,390 for penalties, interest, tax certificates and attorney fees. INTEREST EARNINGS Fiscal Year 2012-2013: to utilize these funds to maximize its returns. Total interest earnings of $ 50,000 is reflected in the budget.

LOCAL REVENUES

2 The District expects to continue to invest all of its available cash into liquid

• transactions. The District will continue to invest in bank certificates of deposits

2012-2013 GENERAL OPERATING FUND MAJOR REVENUES

2012-2013 GENERAL OPERATING FUND MAJOR REVENUES

STATE PROGRAM REVENUES

AVAILABLE SCHOOL FUND Fiscal Year 2012-2013: The District's pupil projection is based on last year's ADA, plus 100 projected enrollment. The projected refined Average Daily Attendance (ADA) is 10,047. It is projected that $ 4,165,064 will be generated for this year. FOUNDATION SCHOOL PROGRAM Fiscal Year 2012-2013: The projected ADA is 10,047. It is projected that $ 66,281,674 will be generated for this year. With the proposed tax rate, the District will generate the required amount in this fiscal year.

FEDERAL PROGRAM REVENUES

Fiscal Year 2012-2013: The District estimates to charge an administrative cost rate of 19.908% to the Federal Programs for this fiscal year. The General Fund utilizes this amount to fund administrative costs and services provided to the Federal Programs. The budget for this year is estimated at $ 5,000. ON-BEHALF TRS PAYMENTS This source is a non-cash transaction that the District is required to record. The State of Texas and the Governmental Accounting Standards Board, Statement No. 24 mandates this requirement. This amount constitutes the amount of retirement payments (contributions) made by the State on behalf

• f the District for all of its employees. The intent of this transaction is to

account for the entire cost of providing school services in the State of Texas. Fiscal Year 2012-2013: The projected amount for this year is $ 3,182,733.

OTHER

3

2012-2013 PROPOSED Revenues Local Sources 13,209,110 State Sources 73,629,471 Federal Sources 400,000 Total Revenues 87,238,581 Expenditures by Function 11 Instruction 45,841,438 12 Instructional Resources and Media Services 1,987,066 13 Curriculum Development & Instructional Staff Development 453,128 21 Instructional Leadership 742,398 23 School Leadership 5,254,657 31 Guidance, Counseling, and Evaluation Services 2,701,791 32 Social Work Services 18,000 33 Health Services 1,143,950 34 Student (Pupil) Transportation 3,617,067 36 Co-curricular/Extracurricular Activities 3,740,001 41 General Administration 3,295,744 51 Plant Maintenance and Operations 12,706,275 52 Security and Monitoring Services 2,102,563 53 Data Processing Services 262,922 61 Community Services 141,958 71 Debt Service - Principal on Long-Term Debt 542,899 Debt Service - Interest on Long-Term Debt Debt Service - Bond Issuance Cost & Fees 81 Facilities Acquisition and Construction 2,216,724 99 Other Intergovernmental Charge 470,000 Total Expenditures 87,238,581 Excess/(Deficiency) of Revenues Over/(Under) Expenditures Other Other Financing Sources (Uses): Transfers Out (Use) Prior-Period Adjustment Net Extraordinary Items (Resources) Net Changes in Fund Balance RIO GRANDE CITY CONSOLIDATED INDEPENDENT SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE GENERAL OPERATING FUND (199) FOR THE FISCAL YEAR ENDING AUGUST 31, 2013 4

2012-2013 PROPOSED LOCAL SOURCES: Current Year Taxes 11,160,720 Delinquent Levy (Taxes, Prior Years) 900,000 Penalty & Interest Current Year 798,390 Interest Earnings - Investment Securities 50,000 Miscellaneous Revenues 300,000 Total Local Sources 13,209,110 STATE SOURCES: Available School Fund 4,165,064 Foundation School Fund 66,281,674 TRS on Behalf Benefit 3,182,733 Other State Revenue

• Total State Sources

73,629,471 FEDERAL SOURCES: Indirect Costs Special Revenues 5,000 Medicaid Reimbursement (SHARS) 395,000 Total Federal Sources 400,000 TOTAL REVENUES 87,238,581 RIO GRANDE CITY CONSOLIDATED INDEPENDENT SCHOOL DISTRICT ESTIMATED REVENUES - GENERAL OPERATING FUND (199) FOR THE YEAR ENDING AUGUST 31, 2013 5

2012-2013 PROPOSED LOCAL REVENUES 13,209,110 $ STATE REVENUES 73,629,471 FEDERAL REVENUES 400,000 87,238,581 $ RIO GRANDE CITY CONSOLIDATED INDEPENDENT SCHOOL DISTRICT GENERAL OPERATING FUND (199) FOR THE FISCAL YEAR ENDING AUGUST 31, 2013 SUMMARY OF TOTAL REVENUES BY MAJOR SOURCE

TOTAL REVENUES BY MAJOR SOURCE 2012-2013

STATE REVENUES 84.40% LOCAL REVENUES 15.14% FEDERAL REVENUES 0.46%

6

District Name: Rio Grande City CISD SB 1: 11-12 & 2014-15 County-District No. 214-901 Release 7 Run Date: 9-Agu-12 5/22/2012

Funding Elements Students

Total Refined ADA (adj. for decline, if applicable) 10,047.000 Regular Program ADA (Line 1 Line 3 - Line 4)(link to Detail Report) 8,994.794 Special Education FTEs 354.995 Career and Technology FTEs 697.211 Advanced Career & Technology FTEs 0.000 High School ADA 2,734.730 Weighted ADA (WADA)(Link to Detail Report) 14,397.160 Prior Year Refined ADA 9,947.727 Texas School for the Blind and Visually Impaired ADA 0.000 Texas School for the Deaf ADA 0.000

Staff

Full-time Staff (not MSS) 995 Part-time Staff (not MSS) 5

Property Values

2012 (current tax year) Locally Certified Property Value Not Needed 2011(Prior Tax Year) State Certified Property Value ("T2" Value) 1,159,251,562

Tax Rates and Collections

2005 Adopted M&O Tax Rate 1.5000 2012 (current tax year) Compressed M&O Tax Rate 1.0000 Average Tax Collection Rate Not Needed 2012-13 (current tax year) M&O Tax Rate 1.1700 2012-13 (current school year) M&O Tax Collections 12,060,720 $ 2012-13 (current school year) I&S Tax Collections 3,282,796 $ 2012-13 Total Tax Collections 15,343,516 $ 2012-13 (current school year) Total Tax Levy 15,787,808 $

Funding Components

Adjusted Allotment Revenue at Compressed Rate (RACR) per WADA 5,374 $ Cost of Education Index (CEI) 5,060 $ Adjusted CEI 1.180 Per Capita Rate 1.180 418.695

Summary of Finances - SB 1

7

2012-2013 School Year

District Name: Rio Grande City CISD SB 1: 11-12 & 2014-15 County-District No. 214-901 Release 7 Run Date: 9-Agu-12 5/22/2012

Tier I Allotments Program Intent Codes - Allotment

11 Regular Program Allotment 47,371,263 $ 23 Regular Special Adjustment Allotment (Spend 52% of Amount) 6,711,219 $ 22 Career and Technology Allotment (Spend 58% of Amount) 5,058,196 $ 21 Gifted & Talented Adjusted Allotment (Spend 55% of Amount) 320,757 $ 24/30 Compensatory Education Allotment (Spend 52% of Amount) 10,204,545 $ 25 Bilingual Education Allotment (Spend 52% of Amount) 3,057,100 $ 11 Public Education Grant

• $

99 New Instructional Facilities Allotment (NIFA)

• $

99 Transportation Allotment 831,680 $ 31 High School Allotment 752,051 $ Total Cost of Tier I 74,306,810 $ LESS: Local Fund Assignment 11,592,516 $ State Share of Tier I 62,714,295 $ Per Capita Distribution from the Available School Fund (ASF) 4,165,064 $ Greater of State Share of Tier I or (ASF+NIFA+HS) 62,714,295 $ Tier II 7,233,693 $ Other Programs 498,750 $ Less: Total ASF ($247.475* Prior Year ADA) (4,165,064) $ Total FSP Operating Fund 66,281,674 $

State aid by Funding Source Fund / Revenue Code

199 / 5812 FOUNDATION SCHOOL FUND 66,281,674 $ 199 / 5811 AVAILABLE SCHOOL FUND - STATE PORTION 4,165,064 $ 599 / 5829 EDA

• $

599 / 5829 INSTRUCTIONAL FACILITIES ALLOTMENT (BONDS) 6,675,170 $ TOTAL 2012-13 FSP/ASF STATE AID 77,121,908 $ ADDITIONAL INFO M&O Rev From State 70,446,738 $ M&O Rev From Local Taxes 10,140,431 $ M&O Rev From Local Taxes 608,426 $ M&O Rev From Local Taxes 1,115,447 $ 201 - 13 TOTAL STATE/LOCAL M&O REVENUE 82,311,042 $ Less: Credit Balance Due State

• $

2012-13 NET TOTAL STATE/LOCAL M&O REVENUE 82,311,042 $ 8

SUMMARY OF TOTAL STE/LOCAL M&O REVENUE:

TEA Difference Percentage Template Minimum Minimum Over / Difference Program Summary Required Required Percent (Under) Over/(Under) Intent Code Finance Percentage Amount Appropriation Appropriated Appropriated Appropriated Gifted & Talented Operational Grant

320,757 55% 176,416 177,393 100.6% 977 0.6%

Career & Technology Block Grant

5,058,196 58% 2,933,754 2,969,198 101.2% 35,444 1.2%

Services to Students with Disabilities

6,711,219 52% 3,489,834 7,196,132 206.2% 3,706,298 106.2%

Compensatory Education Block Grant

10,204,545 52% 5,306,363 5,321,022 100.3% 14,659 0.3%

Bilingual Education Grant

3,057,100 52% 1,589,692 1,616,413 101.7% 26,721 1.7% 25,351,817 13,496,059 17,280,158 3,784,099

MINIMUM REQUIRED EXPENSE ANALYSIS OF THE GENERAL OPERATING FUND FOR SCHOOL YEAR 2012-2013

9

2012-2013 PROPOSED 6100 Payroll 71,118,501 6200 Contracted Services 6,970,569 6300 Supplies & Materials 5,247,865 6400 Other Operating Exp. 2,906,865 6500 Debt Service 542,899 6600 Capital Outlay 451,882 87,238,581

BUDGET EXPENDITURES BY OBJECT CODE 2012-2013

Payroll 81.52% Contracted Services 7.99% Debt Service 0.62% Capital Outlay 0.52% Other Operating Exp. 3.33% Supplies & Materials 6.02%

RECAP OF GENERAL OPERATING FUND BUDGET EXPENDITURES BY OBJECT

10

2012-2013 PROPOSED

Instructional Related Services 48,281,632 Instructional and School Leadership 5,997,055 Support Services - Student 11,220,809 General Administration 3,295,744 Support Services - Non Student 15,071,760 Community Services 141,958 Debt Service 542,899 Facilities Acquisition and Construction 2,216,724 Other Intergovernmental Charge 470,000 87,238,581

TOTAL EXPENDITURES BY MAJOR FUNCTION 2012-2013

General Administration 3.78% Support Services - Student 12.86% Instructional and School Leadership 6.87% Support Services - Non Student 17.28% Community Services 0.17% Facilities Acquisition and Construction 2.54% Debt Service 0.62% Other Intergovernmental Charge 0.54%

Instructional Related Services 55.34%

RECAP OF GENERAL OPERATING FUND BUDGET EXPENDITURES BY FUNCTION

11

CHILD NUTRITION PROGRAM FUND

A Child Nutrition Program Fund is accounted for as part of the Operating Fund. The District adopted Provision II, which allows all students to obtain a free meal. This fund utilizes the modified accrual basis of accounting and budgeting. An annual budget is approved by the Board in order to comply with T.E.A. requirements. Major Revenues: The Child Nutrition Program major revenue source comes from the National School Lunch

• Program. For 2012-2013, the district budgeted $ 8,436,302 for this line item. The revenue

is generated based on the number of meals served to students qualifying for a free or reduced meal. Major Expenditures: The major expenditures for this program are the purchase of food items and personnel cost. For 2012-2013, the district budgeted $ 5,650,852 and $ 2,785,450 respectively.

12

2012-2013 REVENUES PROPOSED Local Sources 652,750 State Sources 41,000 Federal Sources 7,742,552 Total Revenues 8,436,302 EXPENDITURES BY FUNCTION 35 Food Services 8,011,302 51 Plant Maintenance & Operations 425,000 Total Expenditures 8,436,302 Excess / (Deficiency) of Revenues Over / (Under) Expenditures

• RIO GRANDE CITY CONSOLIDATED INDEPENDENT SCHOOL DISTRICT

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE CHILD NUTRITION PROGRAM (101) FOR THE FISCAL YEAR ENDING AUGUST 31, 2013 13

The Debt Service Fund is a governmental fund type, with budgetary control, that must be used to account for general long-term debt principal and interest for debt issues and other long-term debts for which a tax has been dedicated. A separate bank account must be kept for this fund. Principal and interest payments for operating indebtedness, including warrants, notes and short-term lease-purchase agreements, are to be made from the fund for which the debt was incurred. This fund utilizes the modified accrual basis of accounting.

DEBT SERVICE FUND

14

2012-2013 PROPOSED Revenues Local Sources State Sources Federal Sources Total Revenues Expenditures by Function 71 Debt Service Total Expenditures Excess/(Deficiency) of Revenues Over/(Under) Expenditures Other Financing Sources (Uses) Transfers in Premium on Issuance of Bonds Other Financing Source Net Changes in Fund Balance RIO GRANDE CITY CONSOLIDATED INDEPENDENT SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE DEBT SERVICE FUND (513) FOR THE FISCAL YEAR ENDING AUGUST 31, 2013

15

2012-2013 PROPOSED Revenues Local Sources 2,778,539 State Sources 6,675,170 Federal Sources

• Total Revenues

9,453,709 Expenditures by Function 71 Debt Service 9,453,709 Total Expenditures 9,453,709 Excess/(Deficiency) of Revenues Over/(Under) Expenditures Other Financing Sources (Uses) Transfers in Premium on Issuance of Bonds Other Financing Source Net Changes in Fund Balance RIO GRANDE CITY CONSOLIDATED INDEPENDENT SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE DEBT SERVICE FUND (516) FOR THE FISCAL YEAR ENDING AUGUST 31, 2013 16

2012-2013 PROPOSED Local Sources Current Year Taxes

• Delinquent Levy
• Penalty & Interest Current Year
• Interest on Checking Account
• Total Local Sources
• State Sources

State Aid - IFA

• Total State Sources
• Total Revenues
• Other Funding Sources:

Other Financing

• Transfer In - Operating
• Premium of Issuance of Bonds
• Other Resources
• Total Other Resources
• Total Revenues & Other Financing Sources
• RIO GRANDE CITY CONSOLIDATED INDEPENDENT SCHOOL DISTRICT

STATEMENT OF ESTIMATED REVENUES DEBT SERVICE FUND (513) FOR THE FISCAL YEAR ENDING AUGUST 31, 2013

17

2012-2013 PROPOSED Local Sources Current Year Taxes 2,778,539 Delinquent Levy

• Penalty & Interest Current Year
• Interest on Checking Account
• Total Local Sources

2,778,539 State Sources State Aid - IFA 6,675,170 Total State Sources 6,675,170 Total Revenues 9,453,709 Other Funding Sources: Other Financing

• Transfer In - Operating
• Premium of Issuance of Bonds
• Other Resources
• Total Other Resources
• Total Revenues & Other Financing Sources

9,453,709 RIO GRANDE CITY CONSOLIDATED INDEPENDENT SCHOOL DISTRICT STATEMENT OF ESTIMATED REVENUES DEBT SERVICE FUND (516) FOR THE FISCAL YEAR ENDING AUGUST 31, 2013

18

Fiscal Yr Outstanding General Obligation Debt Total Gen.

% of 31-Aug Principal Interest Total Principal Interest Total Obligation Debt Principal Retired

2012 3,258,220 6,156,147 9,414,367 170,000 33,509 203,509 9,617,876 2013 4,005,000 5,205,919 9,210,919 242,790 242,790 9,453,709 2014 3,190,000 5,059,444 8,249,444 1,000,000 242,790 1,242,790 9,492,234 2015 3,305,000 4,940,906 8,245,906 1,025,000 217,790 1,242,790 9,488,696

15.97%

2016 3,935,000 4,811,456 8,746,456 565,000 192,165 757,165 9,503,621 2017 4,195,000 4,642,406 8,837,406 485,000 178,040 663,040 9,500,446 2018 4,365,000 4,468,606 8,833,606 500,000 165,915 665,915 9,499,521 2019 4,550,000 4,285,759 8,835,759 510,000 153,415 663,415 9,499,174 2020 4,750,000 4,091,496 8,841,496 520,000 140,665 660,665 9,502,161

33.77%

2021 4,950,000 3,888,946 8,838,946 540,000 125,065 665,065 9,504,011 2022 5,185,000 3,656,396 8,841,396 555,000 108,865 663,865 9,505,261 2023 5,410,000 3,419,865 8,829,865 570,000 92,215 662,215 9,492,080 2024 5,655,000 3,178,140 8,833,140 590,000 72,265 662,265 9,495,405 2025 5,910,000 2,926,013 8,836,013 615,000 51,615 666,615 9,502,628

55.92%

2026 6,175,000 2,658,075 8,833,075 630,000 30,090 660,090 9,493,165 2027 4,550,000 2,376,638 6,926,638 650,000 15,600 665,600 7,592,238 2028 3,795,000 2,165,713 5,960,713 5,960,713 2029 3,975,000 1,986,013 5,961,013 5,961,013 2030 4,160,000 1,797,788 5,957,788 5,957,788

73.58%

2031 4,345,000 1,614,575 5,959,575 5,959,575 2032 4,535,000 1,423,175 5,958,175 5,958,175 2033 4,745,000 1,214,563 5,959,563 5,959,563 2034 4,960,000 996,200 5,956,200 5,956,200 2035 3,725,000 767,850 4,492,850 4,492,850

89.88%

2036 3,890,000 598,400 4,488,400 4,488,400 2037 4,070,000 421,350 4,491,350 4,491,350 2038 1,890,000 236,000 2,126,000 2,126,000 2039 1,965,000 160,400 2,125,400 2,125,400 2040 2,045,000 81,800 2,126,800 2,126,800

100%

2041 Totals 121,488,220 $ 79,230,039 $ 200,718,259 $ 8,925,000 $ 2,062,794 $ 10,987,794 $ 211,706,053 $

Unlimited Tax School Building Bonds, Series 2010

OUTSTANDING DEBT AMORTIZATION SCHEDULE FOR THE YEAR ENDING AUGUST 31, 2013

(1) It is anticipated that approximately 67% of the District's debt service will be funded by the State's Instructional Facilities Allotment Program and the Existing Debt Allotment Program. The Instructional Facilities Allotment Program and the Existing Debt Allotment Program are subject to biennial appropriation by the Texas Legislature (see "CURRENT SCHOOL FINANCE SYSTEM"). 19

Fund Description Estimated Revenues Special Revenue Funds:

211 Title I, Part A- Improving Basic Programs 5,694,287 212 Title I, Part C- Migrant 1,369,607 220 English Literacy & Civics Education 102,000 224 IDEA- Part B, Formula 1,729,635 225 IDEA- Part B, Preschool 18,306 244 Vocational Education-Basic GRA 204,476 255 Title II Part A (TPTR) 766,356 263 Title III Part A - LEP 651,718 263 Title III Part A - Immigrant Grant 269,081 265 21st CCLC 150,000 274 Gear Up 217,350 410 Instructional Materials Allotment 485,107 Total Special Revenue Funds: $11,657,923

SPECIAL REVENUE (information only) FISCAL YEAR 2012-2013

20