Annual Report of Local Debt Information. Fiscal Year Ended August 31, 2018
|
|
- Shanon Merritt
- 5 years ago
- Views:
Transcription
1 Annual Report of Local Debt Information Fiscal Year Ended August 31, 2018 Pursuant to Local Government Code, Section This report was posted on the District s website on February 27, 2019.
2 Overview of Certain Financial/Bond Ratings Overview: Troup Independent School District (the District ) has been assigned the following independent financial/bond ratings that indicate the relative strength of the District s financial and debt management: School Financial Integrity Rating System of Texas ( FIRST ): Pursuant to Subchapter D, Chapter 39 of the Texas Education Code, the State annually deploys a financial accountability rating system to distinguish the level of a school district s financial performance based upon certain uniform criteria. Based on data for year 2016/17, the District was assigned a 2017/18 FIRST Rating of Superior and the District s score was 100 out of a possible 100 points. Credit Ratings: The District also maintains independent ratings from certain nationally recognized credit rating agencies, such as Moody s Investors Service, that evaluate the District s financial strength and its ability to pay its existing bonds. Moody s Investors Service: Assigns a A1 credit rating to the District, defined as Judged to be upper-medium grade and are subject to low credit risk. 1
3 Overview of State Funding System State Funding System Where Do the District s Revenues Come From: Troup ISD is legally required to operate pursuant to the requirements of the Texas Education Code. In particular, the Texas Education Code determines the District s ability to generate local tax revenues for maintenance & operation purposes and for the repayment of voter-approved bonds. In this regard, the District annually sets two (2) separate tax rates that are levied upon its certified taxable value that is independently determined by the Cherokee County Appraisal District and Smith County Appraisal District: Maintenance & Operations ( M&O ) Tax Rate: To provide funds for the day to day operational expenses of the District, including instructional programs, teacher salaries, instructional supplies, security, student transportation, extracurricular activities, utilities, facility infrastructure/maintenance, etc. The District s annual funds for maintenance & operation purposes primarily consist of a combination of State funding and local M&O taxes. In general, the dollar amount of each component is determined by the District s Equalized Wealth per Student (i.e. taxable value / weighted average daily attendance) as set by the State. For year 2017/18, the District s sources for M&O revenues are summarized to the right. M&O Revenue by Source Year 2017/18 State (56.1%) Federal (1.4%) Local (42.5%) On August 26, 2017, voters approved a tax ratification election to increase the District s M&O tax rate to $1.17. Prior to such ratification, the District was limited to a $1.04 tax rate for maintenance and operations. Source: District s Audited Financial Statements and District records. 2
4 Overview of State Funding System Interest & Sinking Fund ( I&S ) Tax Rate: To provide funds to pay the principal and interest on bonds approved by a majority of voters for capital improvements. The following summarizes the District s bond programs approved by voters over the last 15 years: District s Historical Bond Elections Approved By Voters Election Date Purpose Election Amount Dollar Amount Of Bonds Remaining To Be Issued September 10, 2005 School Building $5,700,000 $0 Total Dollar Amount Of Authorized But Unissued Bonds - As of August 31, 2018: $0 Source: Texas Bond Review Board and District records. 3
5 Historical Student Enrollment 1,600 1,400 Over the last 5 years, the number of students within the District has decreased by 43 students. 1,200 1,124 1,105 1,080 1,098 1,085 1,081 Student Enrollment 1, / / / / / /18 Source: Texas Education Agency - PEIMS and District records. 4
6 Historical Tax Rates $1.75 $1.50 Over the last 5 years, the District s total tax rate has increased by 11.2 cents primarily as a result of voters approving a Tax Ratification Election. Property Tax Rate Per $100 Valuation $1.25 $1.00 $0.75 $0.50 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $0.25 $ / / / / / /18 Maintenance & Operations Tax Rate Interest & Sinking Fund Tax Rate Source: District s Audited Financial Statements and District records. 5
7 Total Property Taxes For Maintenance and Operations and Voter-Approved Bonds Year 2017/18 $4,000 $3,500 $3,355 $3,000 Annual Property Taxes $2,500 $2,000 $1,500 $2,135 $1,000 $915 $500 $0 $100,000 Appraised Home Value $200,000 Appraised Home Value $300,000 Appraised Home Value Note: Taxes are net of the $25,000 State-mandated residential homestead exemption. 6
8 Summary of Property Tax Cost Per School Day For Various Appraised Home Values Year 2017/18 $20.00 $18.00 $18.64 In year 2017/18, a homeowner with a $100,000 Appraised Home Value and 1 or no children attending Troup ISD paid approximately $5.08 of school property taxes for each school day. Cost Per School Day $16.00 $14.00 $12.00 $10.00 $8.00 $6.00 $4.00 $2.00 $5.08 $11.86 A homeowner with a $100,000 Appraised Home Value and 2 children attending Troup ISD paid approximately $2.54 of school property taxes per child for each school day. This includes the cost of instructional programs, teacher salaries, instructional supplies, security, student transportation, extracurricular activities, facilities infrastructure/maintenance and bond payments. $2.54 $5.93 $9.32 $1.69 $3.95 $6.21 $1.27 $2.97 $4.66 $ Child 2 Children 3 Children 4 Children $100,000 Appraised Home Value $200,000 Appraised Home Value $300,000 Appraised Home Value Note: Taxes are net of the $25,000 State-mandated residential homestead exemption. Assumes a 180 school day year. 7
9 Composition of Total Assessed Valuation Year 2017/18 For year 2017/18, Single-Family Residential properties comprised 17.5% of the District s total assessed valuation and other property categories comprised 82.5%. Business, Commercial, Industrial, Utilities, Other (14.3%) Single-Family Residential (17.5%) Multi-Family Residential (0.4%) Oil, Gas & Minerals (18.4%) Vacant Lots, Acreage, Farm & Ranch Improvements (49.4%) Source: Texas Comptroller of Public Accounts - Property Tax Assistance Division. 8
10 Unlimited Tax Debt Service By Series Existing Bonds Approved By Voters $600,000 $500,000 Annual Bond Payments $400,000 $300,000 $200,000 $100,000 $0 2018/ / / / / / / / / / / / / / / / / /36 Unlimited Tax Refunding Bonds, Series 2010 Unlimited Tax Refunding Bonds, Series 2013 Note: Debt service payments reflect payments from September 1 through August 31. Source: District s Audited Financial Statements and District records As of August 31,
11 Unlimited Tax Debt Service By Principal and Interest Existing Bonds Approved By Voters $600,000 $500,000 As of August 31, 2018 Principal $ 6,305,000 + Interest 2,055,383 = Total $ 8,360,383 Annual Bond Payments $400,000 $300,000 $200,000 $100,000 $0 2018/ / / / / / / / / / / / / / / / / /36 Principal Interest Note: Debt service payments reflect payments from September 1 through August 31. Source: District s Audited Financial Statements and District records As of August 31,
12 Savings from District s Recent Bond Refunding Programs to Lower Interest Costs Troup ISD has implemented 2 bond refunding programs to reduce the cost of voter-approved bonds Which have generated $985,429 of savings for District taxpayers in recent years. Summary of Interest Cost Savings Bond Refunding Programs Issue Series Refunded Principal Amount Refunded Total Savings Unlimited Tax Refunding Bonds, Series $ 2,085,000 $ 230,464 Unlimited Tax Refunding Bonds, Series ,170, ,965 Totals --- $ 7,255,000 $ 985,429 Source: District records. 11
13 Summary of Unlimited Tax Debt Outstanding By Series As of Fiscal Year Ended August 31, 2018 The following debt obligations are payable from ad valorem taxes (i.e. I&S taxes) levied annually against all taxable property located within the District, without legal limit as to rate or amount. No. Issue Description Purpose 1 Unlimited Tax Refunding Bonds, Refunding at a lower Series 2010 interest rate, etc. Original Principal Amount Outstanding Principal Total Outstanding Debt Service Outstanding Principal Per Capita Outstanding Debt Service Per Capita Final Maturity Date Total Proceeds Received Spent Proceeds Unspent Proceeds $2,085, $1,395, $1,712, $ $ /15/2028 $2,176, $2,176, $ Unlimited Tax Refunding Bonds, Series 2013 Refunding at a lower interest rate, etc. $5,170, $4,910, $6,647, $1, $1, /15/2036 $5,768, $5,768, $0.00 Source: District s Audited Financial Statements, 2010 U.S. Census (Interpolated) and District records. Per capita figures are based upon an estimated population of 4,
14 Tax-Supported Debt Obligations At Fiscal Year End and As a Percentage of Taxable Assessed Valuation $15.0 Mil 3.00% Bond Principal Outstanding At Fiscal Year End $12.5 Mil $10.0 Mil $7.5 Mil $5.0 Mil $2.5 Mil 2.44% 2.37% $7,215,000 $7,020, % 1.97% 1.89% 1.76% $6,750,000 $6,595,000 $6,445,000 $6,305, % 2.00% 1.50% 1.00% 0.50% Bond Principal Per Taxable Assessed Valuation $0 2012/ / / / / /18 M&O-Supported Debt I&S-Supported Debt 0.00% Note: The District has no outstanding debt payable from M&O taxes. Source: District s Audited Financial Statements, Texas Comptroller of Public Accounts - Property Tax Assistance Division and District records. 13
15 Contact Information Main Office Contact Information: Physical Address: Mailing Address: 201 North Carolina Street P.O. Box 578 Troup, Texas Troup, Texas Phone: (903) Fax: (903) For additional information regarding this report, please contact: Ms. Lisa White Executive Director of Business Services Phone: (903)
Annual Report of Local Debt Information. Fiscal Year Ended August 31, 2017
Annual Report of Local Debt Information Fiscal Year Ended August 31, 2017 Pursuant to Local Government Code, Section 140.008 This report was posted on the District s website on February 27, 2018. Overview
More informationAnnual Report of Certain Financial and Local Debt Information. Fiscal Year Ended August 31, 2016
Annual Report of Certain Financial and Local Debt Information Fiscal Year Ended August 31, 2016 Denotes Required Information Pursuant to Local Government Code, Section 140.008 This report was posted on
More informationAnnual Report of Certain Financial and Local Debt Information. Fiscal Year Ended August 31, 2016
Annual Report of Certain Financial and Local Debt Information Fiscal Year Ended August 31, 2016 Denotes Required Information Pursuant to Local Government Code, Section 140.008 This report was posted on
More informationAnnual Report of Certain Financial and Local Debt Information. Fiscal Year Ended June 30, 2018
Annual Report of Certain Financial and Local Debt Information Fiscal Year Ended June 30, 2018 Denotes Required Information Pursuant to Local Government Code, Section 140.008 This report was posted on the
More informationAnnual Report of Certain Financial and Local Debt Information. Fiscal Year Ended June 30, 2017
Annual Report of Certain Financial and Local Debt Information Fiscal Year Ended June 30, 2017 Denotes Required Information Pursuant to Local Government Code, Section 140.008 This report was posted on the
More informationAnnual Report of Local Debt Information (Pursuant to Local Government Code, Section ) Fiscal Year Ended September 30, 2017
Annual Report of Local Debt Information (Pursuant to Local Government Code, Section 140.008) Fiscal Year Ended September 30, 2017 This report was posted on the City s website on. Overview of Certain Financial/Bond
More informationAnnual Report of Local Debt Information. Fiscal Year Ended June 30, 2018
Annual Report of Local Debt Information Fiscal Year Ended June 30, 2018 Denotes Required Information Pursuant to Local Government Code, Section 140.008 This report was posted on the District s website
More informationAnnual Report of Certain Financial and Local Debt Information Fiscal Year Ended September 30, 2017
Annual Report of Certain Financial and Local Debt Information Fiscal Year Ended September 30, 2017 Denotes Required Information Pursuant to Local Government Code, Section 140.008 This report was posted
More informationCONTINUING DISCLOSURE INFORMATION REGARDING THE BROWNSBORO INDEPENDENT SCHOOL DISTRICT. Table 1 ASSESSED VALUATION (A)
CONTINUING DISCLOSURE INFORMATION REGARDING THE BROWNSBORO INDEPENDENT SCHOOL DISTRICT Table 1 ASSESSED VALUATION 2017/18 Total Assessed Valuation... $ 1,079,024,771 2017/18 Taxable Assessed Valuation...
More informationCONTINUING DISCLOSURE INFORMATION REGARDING THE SHERMAN INDEPENDENT SCHOOL DISTRICT. Table 1 ASSESSED VALUATION (A)
CONTINUING DISCLOSURE INFORMATION REGARDING THE SHERMAN INDEPENDENT SCHOOL DISTRICT Table 1 ASSESSED VALUATION 2017/18 Total Assessed Valuation... $ 3,612,498,722 2017/18 Taxable Assessed Valuation...
More informationSchool Finance Overview
School Finance Overview Presented by Christopher J. Smith, CFO January 18, 2018 School Finance Overview Financial Services Division School Finance 101 Financial Services Budget & Treasury Payroll Risk
More informationSchool Finance 101 & Bonds 101 CHRISTOPHER J. SMITH CHIEF FINANCIAL OFFICER APRIL 4, 2017
School Finance 101 & Bonds 101 CHRISTOPHER J. SMITH CHIEF FINANCIAL OFFICER APRIL 4, 2017 School Finance 101 HOW DO WE PAY FOR KATY ISD? EXERCISING GOOD STEWARDSHIP OF EVERY DOLLAR WORKING SMART DOING
More informationCONTINUING DISCLOSURE INFORMATION REGARDING THE HAYS CONSOLIDATED INDEPENDENT SCHOOL DISTRICT. Table 1 ASSESSED VALUATION (a)
CONTINUING DISCLOSURE INFORMATION REGARDING THE HAYS CONSOLIDATED INDEPENDENT SCHOOL DISTRICT Table 1 ASSESSED VALUATION (a) 2012/13 Total Assessed Valuation... $4,754,521,928 2012/13 Taxable Assessed
More informationBROWNSVILLE INDEPENDENT SCHOOL DISTRICT DEBT TRANSPARENCY AS OF JUNE 30, 2017
Mr. Lorenzo Sanchez, CFO Brownsville Independent School District 1900 E. Price Rd. #306 Brownsville, TX 78521 (956) 5474113 lsanchez2@bisd.us BROWNSVILLE INDEPENDENT SCHOOL DISTRICT DEBT TRANSPARENCY AS
More informationRULE 15c2-12 FILING COVER SHEET
RULE 15c2-12 FILING COVER SHEET This cover sheet is sent with all submissions to the Municipal Securities Rulemaking Board (the Nationally Recognized Municipal Securities Information Repository) and any
More informationCONTINUING DISCLOSURE INFORMATION FOR THE HAYS CONSOLIDATED INDEPENDENT SCHOOL DISTRICT. Table 1 ASSESSED VALUATION (1)
CONTINUING DISCLOSURE INFORMATION FOR THE HAYS CONSOLIDATED INDEPENDENT SCHOOL DISTRICT Table 1 ASSESSED VALUATION 2016/17 Total Assessed Valuation... $ 7,527,623,990 2016/17 Taxable Assessed Valuation...
More informationHopkins Public Schools #270. December 5, 2017 Presented by John Toop Director of Business Services
Hopkins Public Schools #270 Public Hearing for Taxes Payable in 2018 December 5, 2017 Presented by John Toop Director of Business Services Tax Hearing Presentation State Law Requires Public Meeting: Between
More informationSocorro Independent School District, TX
CREDIT OPINION Socorro Independent School District, TX New Issue - Moody's Assigns Aa2 UND/Aaa ENH to Socorro ISD's, TX GO Bonds New Issue Summary Rating Rationale Contacts Sarah Jensen Analyst sarah.jensen@moodys.com
More informationThe property tax is the predominant method communities use to raise additional revenues in Ohio. The property tax comes in two forms:
INTRODUCTION The cost to educate young people across the state is significant and those costs continue to rise. More Ohio tax dollars are spent for primary and secondary education than for any other single
More informationHuffman Independent School District, TX
CREDIT OPINION Huffman Independent School District, TX New Issue - Moody's Assigns A1 Underlying/Aaa Enhanced to Huffman ISD, TX's GOULT Bonds New Issue Summary Rating Rationale Moody's Investors Service
More informationTax Ratification Election
Tax Ratification Election 1 What is a Tax Ratification Election or TRE? A Tax Ratification Election (TRE) is a special election, called by the Board of Trustees, asking the voters to approve a tax rate
More informationBASTROP CENTRAL APPRAISAL DISTRICT ANNUAL REPORT 2017
BASTROP CENTRAL APPRAISAL DISTRICT ANNUAL REPORT 2017 EXECUTIVE SUMMARY The District continued to utilize the new computer assisted mass appraisal system to gather and update information on parcels in
More informationChapter 62. Commissioner's Rules Concerning the Equalized Wealth Level
Chapter 62. Commissioner's Rules Concerning the Equalized Wealth Level Statutory Authority: The provisions of this Chapter 62 issued under the Texas Education Code, 36.006, unless otherwise noted. 62.1001.
More informationNovember 7, 2017 $18,000,000 Capital Improvements Bond. Public Information Forum
LONDON INDEPENDENT S CHOOL D ISTRICT November 7, 2017 $18,000,000 Capital Improvements Bond Public Information Forum Austin Corpus Christi Dallas Fort Worth Houston Permian Basin Rio Grande Valley San
More informationCarrollton Farmers Branch Independent School District BUDGET
Carrollton Farmers Branch Independent School District 2015-2016 BUDGET The goal of the Carrollton-Farmers Branch Independent School District is high achievement for all students 1445 N. Perry Road Carrollton,
More informationROCKWALL INDEPENDENT SCHOOL DISTRICT. Official Budget Fiscal Year Ending June 30, 2019
ROCKWALL INDEPENDENT SCHOOL DISTRICT Official Budget Fiscal Year Ending June 30, 2019 Adopted by the Board of Trustees June 25, 2018 ROCKWALL INDEPENDENT SCHOOL DISTRICT BOARD OF SCHOOL TRUSTEES Ms. Stephanie
More informationRULE 15c2-12 FILING COVER SHEET
RULE 15c2-12 FILING COVER SHEET This cover sheet is sent with all submissions to the Municipal Securities Rulemaking Board (the Nationally Recognized Municipal Securities Information Repository) and any
More informationRule 15c2-12 Filing Cover Sheet. Filing Format: electronic paper; If available on the Internet, give URL:
Rule 15c2-12 Filing Cover Sheet Issuer Name: City of League City, Texas 300 West Walker League City, Texas 77573 Issues: League City, Texas (see attached summary) Filing Format: electronic paper; If available
More informationTaxation Hearing Eastern Carver County Schools December 12, 2013
Taxation Hearing Eastern Carver County Schools December 12, 2013 Requirement for Tax Hearing Held during regular meeting at 6:00 p.m. or later All school districts must hold a meeting Levy may be adopted
More informationTROUP COUNTY SCHOOL DISTRICT, GEORGIA ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2018
TROUP COUNTY SCHOOL DISTRICT, GEORGIA ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2018 FOR THE FISCAL YEAR ENDED JUNE 30, 2018 TABLE OF CONTENTS PAGE(S) Independent Auditor s Report 1-3
More information2015 Effective Tax Rate Worksheet
2015 Effective Tax Rate Worksheet See pages 13 to 16 for an explanation of the effective tax rate. 1. 2014 total taxable value. Enter the amount of 2014 taxable value on the 2014 tax roll today. Include
More informationSchool Finance Basics
School Finance Basics Catherine Clark, Texas Association of School Boards 2017 Texas Association of School Boards, Inc. All rights reserved. Foundation Program Basics Establish a foundation An amount of
More informationAllen Independent School District, TX
CREDIT OPINION Allen Independent School District, TX New Issue - Moody's Assigns Aa2 UND/Aaa ENH to Allen ISD's, TX Series 2017A GO Bonds; Outlook is Stable New Issue Summary Rating Rationale Moody's Investors
More informationTAX CUTS AND APPROPRIATIONS:
TAX CUTS AND APPROPRIATIONS: SELECTED ISSUES PRESENTED TO HOUSE COMMITTEE ON WAYS AND MEANS LEGISLATIVE BUDGET BOARD STAFF February 2015 TOPICS ADDRESSED We were asked to provide information on the following:
More informationA1 underlying rating affects $10.97 million in outstanding parity debt, inclusive of the current sale UNDERLYING RATING
New Issue: Moody's assigns A1 underlying and Aaa enhanced rating to Bonham Independent School District's (TX) $7 million Unlimited Tax School Building Bonds, Series 2012 Global Credit Research - 10 Jul
More informationPreliminary Review of District s Bond Capacity. Thursday, March 25, For Discussion Purposes Only
For Discussion Purposes Only Preliminary Review of District s Bond Capacity Thursday, March 25, 2010 Securities offered by BOSC, Inc., a Registered Investment Advisor, a registered Broker/Dealer, Member
More informationHOST OVERVIEW. 05 Oct 2012 (17 pages) Cherokee County where metro meets the mountains
HOST OVERVIEW On the November 6, 2012 Ballot, Cherokee County voters will be asked to consider a HOST, an additional penny sales tax, which will be used to reduce property taxes 05 Oct 2012 (17 pages)
More information2017 Tax Rate Calculation Worksheet Date: 08/10/ :17 AM Taxing Units Other Than School Districts or Water Districts
2017 Tax Rate Calculation Worksheet Date: 08/10/2017 11:17 AM Taxing Units Other Than School Districts or Water Districts City of Dalworthington Gardens Taxing Unit Name Phone (area code and number) Taxing
More informationBelton Independent School District. Special Meeting. Tuesday, July 29, :00 PM
Belton Independent School District Special Meeting Tuesday, July 29, 2014 5:00 PM Agenda of Special Meeting The Board of Trustees Belton Independent School District A Special meeting of the Board of Trustees
More information2018 Tax Rate Calculation Worksheet
TNT-859 03-18/2 2018 Tax Rate Calculation Worksheet Effective Tax Rate (No New Taxes) The effective tax rate enables the public to evaluate the relationship between taxes for the prior year and for the
More informationValuations, Exemptions and General Obligation Debt
Valuations, Exemptions and General Obligation Debt 2005/2006 Market Valuation Established by Dallas Central Appraisal District $9,356,297,272 Less Exemptions/Reductions Over 65 & Disabled $223,406,679
More informationDATE ISSUED: 2/1/ of 11 UPDATE 110 CCA(LEGAL)-P
Bonds and Bond Taxes Use of Proceeds for Utilities Instructional Facilities Allotment The board may issue bonds for: 1. The construction, acquisition, and equipment of school buildings in the district;
More informationRecapture: Purchasing Attendance Credits vs. Detachment
Recapture: Purchasing Attendance Credits vs. Detachment Date: February, 2017 2017-2018 Budget Planning Presenter: Budgeting and Financial Planning 1 Key Questions What is Recapture? Why are we here? Didn
More informationNorth East Independent School District Debt-Related Disclosures Required by Texas Local Government Code As of June 30, 2017
DebtRelated Code 140.008 Total Authorized Debt Obligations School Building Bonds $ 1,397,409,000 Refunding Bonds 984,125,000 Limited Maintenance Tax Qualified School Construction Notes 37,545,000 Total
More informationNorth East Independent School District Debt-Related Disclosures Required by Texas Local Government Code As of June 30, 2016
DebtRelated Code 140.008 Total Authorized Debt Obligations School Building Bonds $ 1,397,409,000 Refunding Bonds 984,125,000 Limited Maintenance Tax Qualified School Construction Notes 37,545,000 Total
More information2007 Effective Tax Rate Worksheet Neverland County - General
Page 1 of 12 2007 Effective Tax Rate Worksheet See pages 13 to 16 for an explanation of the effective tax rate. 1. 2006 total taxable value. Enter the amount of 2006 taxable value on the 2006 tax roll
More informationSwisher County Appraisal District Annual Report
Swisher County Appraisal District 2017 Annual Report Table of Contents General Information Total market Value 5 Year History Total Net Taxable Value 5 Year History Average Market Value Single Family Residence
More informationCelina Independent School District, TX
CREDIT OPINION Celina Independent School District, TX New Issue - Moody's assigns A1 underlying/aaa enhanced to Celina ISD's, TX GOULT New Issue Summary Rating Rationale Moody's Investors Service has assigned
More informationLexington ISD Report based on Data First Report. Superior Rating
Lexington ISD 2015-16 Report based on 2014-15 Data First Report Superior Rating 1 What is FIRST? Financial Integrity Rating System of Texas Holds school districts accountable for the quality of their financial
More informationFridley Public Schools, ISD 14
Fridley Public Schools, ISD 14 Public Hearing for Taxes Payable in 2019 DECEMBER 18, 2018 PRESENTED BY: MATTHEW HAMMER, DIRECTOR OF FINANCE Agenda for Hearing 1. State Funding of Schools 2. Information
More informationDATE ISSUED: 1/17/ of 9 UPDATE 112 CCG(LEGAL)-P
Table of Contents Tax Rate Adoption... 2 Maintenance Taxes... 2 Assessor and Collector... 2 Certified Estimate of Values... 2 Appraisal Roll... 2 Truth-in-Taxation Requirements... 3 Tax Rate Adoption Requirements...
More informationCherokee County Board of Education, AL
CREDIT OPINION Cherokee County Board of Education, AL New Issue - Moody's Upgrades Cherokee County BOE, AL's GOLT to A1 from A2; Assigns A1 Sales Tax Rating New Issue Summary Rating Rationale Moody's Investors
More informationKaty ISD Official Budget
2017 2018 Katy ISD Official Budget The Texas Education Code requires that every local education agency in Texas prepare and file a budget of anticipated revenues and expenditures with the Texas Education
More information2018 Effective Tax Rate Worksheet
2018 Effective Tax Rate Worksheet See pages 13 to 16 for an explanation of the effective tax rate. 1. 2017 total taxable value. Enter the amount of 2017 taxable value on the 2017 tax roll today. Include
More informationManual for Districts Subject to Wealth Equalization
Figure: 19 TAC 62.1071(a) Texas Education Agency Manual for Districts Subject to Wealth Equalization, Revised April 2017 Office of School Finance Spring 2016 Texas Education Agency Manual for Districts
More informationJUDSON INDEPENDENT SCHOOL DISTRICT ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2014
JUDSON INDEPENDENT SCHOOL DISTRICT ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2014 This Page Intentionally Left Blank ANNUAL FINANCIAL REPORT YEAR ENDED JUNE 30, 2014 TABLE OF CONTENTS PAGE EXHIBIT
More informationThe Financial State of the District. Dr. Brian G. Gottardy
The Financial State of the District Dr. Brian G. Gottardy General Fund Revenue History Year Total General Fund Revenue* Year-to- Year % Change Inflation- Adjusted Revenue** Year-to- Year % Change 2010-11
More informationTax Incidence Analysis First & Second Omnibus Tax Bills
Tax Incidence Analysis Prepared by the Tax Research Division, Minnesota Department of Revenue June 18, 2014 2014 First & Second Omnibus Tax Bills Chapter 150 (H.F. 1777 as enacted on March 21, 2014) and
More informationRULE 15c2-12 FILING COVER SHEET
RULE 15c2-12 FILING COVER SHEET This cover sheet is sent with all submissions to the Municipal Securities Rulemaking Board (the Nationally Recognized Municipal Securities Information Repository) and any
More informationCISD Tax Ratification Election What you Need to Know
CISD Tax Ratification Election What you Need to Know What is a TRE? The State requires school districts to calculate two tax rates Maintenance and Operations (M&O) and Interest and Sinking (I&S) rates.
More informationState Handbook of Economic, Demographic, and Fiscal Indicators South Carolina. by David Baer PUBLIC POLICY INSTITUTE AARP
State Handbook of Economic, Demographic, and Fiscal Indicators 2003 South Carolina by David Baer PUBLIC POLICY INSTITUTE AARP Introduction The State Handbook of Economic, Demographic, and Fiscal Indicators
More informationState Handbook of Economic, Demographic, and Fiscal Indicators North Carolina. by David Baer PUBLIC POLICY INSTITUTE AARP
State Handbook of Economic, Demographic, and Fiscal Indicars 2003 North Carolina by David Baer PUBLIC POLICY INSTITUTE AARP Introduction The State Handbook of Economic, Demographic, and Fiscal Indicars
More informationBASTROP INDEPENDENT SCHOOL DISTRICT
BASTROP INDEPENDENT SCHOOL DISTRICT ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2008 Bastrop Independent School District Annual Financial Report For The Year Ended June 30, 2008 TABLE OF CONTENTS
More informationInitiative # 93 INITIAL FISCAL IMPACT STATEMENT
Colorado Legislative Council Staff Initiative # 93 INITIAL FISCAL IMPACT STATEMENT Date: Fiscal Analyst: Marc Carey (303-866-4102) Anna Gerstle (303-866-4375 LCS TITLE: FUNDING FOR PUBLIC SCHOOLS Fiscal
More informationBUDGET SCHOOL YEAR
Ector County Independent School District Odessa, Texas BUDGET SCHOOL YEAR 2017-2018 June 20, 2017 Ector County ISD does not discriminate on the basis of gender, age, race, Nationality, religion, disability,
More information2018 CERTIFIED TOTALS CTB - City of Tom Bean
ARB Approved Totals 12/5/2018 11:48:35AM Land Homesite: 5,056,419 Non Homesite: 3,567,402 Ag Market: 1,483,629 Timber Market: 0 Total Land (+) 10,107,450 Improvement Homesite: 32,502,947 Non Homesite:
More informationTAX RATE HEARING August 20, 2018
Where all students connect, learn, grow and succeed. 2018-19 TAX RATE HEARING August 20, 2018 Providing the resources required to accomplish our mission. AGENDA Our Mission and Strategies General (Operating)
More informationDATE ISSUED: 9/16/ of 9 LDU CCA(LOCAL)-X
Purpose Scope Debt Management Objectives Policy Review Delegation of Responsibility Ethics Disclosures The purpose of this policy is to establish guidelines governing the issuance, management, and reporting
More informationSCHERTZ-CIBOLO-UNIVERSAL CITY INDEPENDENT SCHOOL DISTRICT ANNUAL FINANCIAL REPORT
SCHERTZ-CIBOLO-UNIVERSAL CITY INDEPENDENT SCHOOL DISTRICT ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED AUGUST 31, 2016 SCHERTZ-CIBOLO-UNIVERSAL CITY INDEPENDENT SCHOOL DISTRICT ANNUAL FINANCIAL REPORT FOR
More informationBELLS INDEPENDENT SCHOOL DISTRICT
May 5, 2018 2018 BOND ELECTION Strong Schools BELLS INDEPENDENT SCHOOL DISTRICT Strong Community Committed to the Future \\\ Bond Election Information May 5, 2018 Bond to Improve Bells High School Committed
More information2017 Effective Tax Rate Worksheet DUMAS CITY
Page 1 of 14 2017 Effective Tax Rate Worksheet See pages 13 to 16 for an explanation of the effective tax rate. 1. 2016 total taxable value. Enter the amount of 2016 taxable value on the 2016 tax roll
More informationCollege Station Independent School District. Budget. for the Fiscal Year
College Station Independent School District Budget for the 217-218 Fiscal Year Adopted by the CSISD School Board August 15, 217 COLLEGE STATION INDEPENDENT SCHOOL DISTRICT BOARD OF SCHOOL TRUSTEES Dr.
More informationMEETING 2 MONDAY, AUGUST 1, MISD Center for the Performing Arts
MEETING 2 MONDAY, AUGUST 1, 2016 MISD Center for the Performing Arts AGENDA Welcome & Meeting 1 Recap Select Chairpersons & Secretary Define Consensus How School Finance Works & MISD Financial Overview
More informationLoveland City Schools FY Revenue
FREQUENTLY ASKED QUESTIONS 1. Where does the Loveland City School District revenue come from? In Ohio, the funding of schools is shared by the state and local school districts. The Ohio General Assembly
More informationCALHOUN COUNTY APPRAISAL DISTRICT ANNUAL REPORT Jesse W. Hubbell, Chief Appraiser
CALHOUN COUNTY APPRAISAL DISTRICT ANNUAL REPORT 2015 Jesse W. Hubbell, Chief Appraiser Calhoun County Appraisal District 426 W. Main St. Port Lavaca TX 77979 361-552-4560 361-552-4787 October 2015 CALHOUN
More informationAustin Independent School District
Tab 1 Contact Information Tab 2 Summary of Debt Obligations Tab 3 Individual Debt Obligations Tab 4 Additional Notes Tab 5 Optional Reporting Tab 6 Instructions and Glossary End of Worksheet Per House
More informationFRIENDSWOOD INDEPENDENT SCHOOL DISTRICT
FRIENDSWOOD INDEPENDENT SCHOOL DISTRICT ANNUAL FINANCIAL AND COMPLIANCE REPORT For The Year Ended August 31, 2018 FRIENDSWOOD INDEPENDENT SCHOOL DISTRICT TABLE OF CONTENTS Certificate of Board Page i
More informationHow To Calculate A Property Tax
Department of Property Records and Taxpayer Services How To Calculate A Property Tax This document gives instructions for calculating a property tax for the following property classifications: Residential
More information2018 Tax Rate Calculation Worksheet
2018 Tax Rate Calculation Worksheet Taxing Units Other Than School Districts or Water Districts GENERAL INFORMATION: Tax Code Section 26.04(c) requires an officer or employee designated by the governing
More informationSilsbee ISD PROCEDURES: Budgeting
SISD Fiscal Year End is August 31 st. Silsbee ISD Legal Requirements for Budgeting Sections 44.002 through 44.006 of the Texas Education Code establish the legal basis for budget development in school
More informationTarrant County s Outstanding Debt
Definitions General Obligation s (G.O. s) are secured by the County s ad valorem taxes. Tarrant County issues G.O. s after the approval of the voters at a bond election. Limited Tax s can be issued by
More informationRULE 15c2-12FILING COVER SHEET
RULE 15c2-12FILING COVER SHEET This cover sheet is sent with all submissions to the Municipal Securities Rulemaking Board (the Nationally Recognized Municipal Securities Information Repository) and any
More informationMcCreary Veselka Bragg & Allen P.C. Attorneys at Law. A Guide for Setting Tax Rates
McCreary Veselka Bragg & Allen P.C. Attorneys at Law A Guide for Setting Tax Rates TRUTH-IN-TAXATION 2018 for Our Clients We are pleased to present this easy-to-use guidebook to help you with this year
More information2018 EFFECTIVE TAX RATE WORKSHEET SLIDELL ISD Line Activity Amount / Rate
2018 EFFECTIVE TAX RATE WORKSHEET SLIDELL ISD 1 2017 Total Taxable Value Enter the amount of 2017 taxable value on the 2017 tax $235,900,858 roll today. Include any adjustments since last year's certification;
More informationLAKE TRAVIS INDEPENDENT SCHOOL DISTRICT. Annual Financial Report for the Fiscal Year Ended August 31, 2016
LAKE TRAVIS INDEPENDENT SCHOOL DISTRICT Annual Financial Report for the Fiscal Year Ended August 31, 2016 LAKE TRAVIS INDEPENDENT SCHOOL DISTRICT Annual Financial Report Year Ended August 31, 2016 Table
More information2018 CERTIFIED TOTALS CBE - City of Bells
ARB Approved Totals 12/5/2018 11:34:30AM Land Homesite: 6,580,460 Non Homesite: 4,820,768 Ag Market: 1,870,548 Timber Market: 0 Total Land (+) 13,271,776 Improvement Homesite: 51,908,862 Non Homesite:
More informationLas Cruces School District 2, NM
CREDIT OPINION Las Cruces School District 2, NM New Issue - Moody's Assigns Aa3 to Las Cruces SD 2, NM's $17.6M GO & GO Rfdg Bonds, Ser. 2016A/B; Outlook is New Issue Summary Rating Rationale Contacts
More informationFREMONT UNION HIGH SCHOOL DISTRICT ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2016
FREMONT UNION HIGH SCHOOL DISTRICT ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED TABLE OF CONTENTS FINANCIAL SECTION Independent Auditor s Report 2 Management's Discussion and Analysis 5 Basic Financial
More informationSAN PERLITA INDEPENDENT SCHOOL DISTRICT
SAN PERLITA INDEPENDENT SCHOOL DISTRICT ANNUAL FINANCIAL REPORT AND COMPLIANCE REPORT JUNE 30, 2018 Board of Trustees June 30, 2018 TRUSTEES Melissa Guadiana President Nora Vasquez Vice President Maggie
More informationSt. Francis Area Schools
2018 Payable 2019 Truth In Taxation Public Meeting 7:00 pm December 10, 2018 at the District Office Community Room Truth in Taxation Law Minnesota s Truth in Taxation Law requires that cities, counties
More informationBelton Independent School District Belton, Texas
Belton Independent School District Belton, Texas Annual Financial Management Report 2010 Schools FIRST Rating (Audit data reported for the fiscal year ending August 31, 2009) 6 Page 1 TABLE OF CONTENTS
More informationAccount History #
Home Find Property Contact Us This website is for informational purposes only. Title research should be performed at the appropriate County Clerks office. This is not deemed a legal document. Account History
More informationHow To Calculate A Property Tax
Department of Property Records and Taxpayer Services How To Calculate A Property Tax This document gives instructions for calculating a property tax for the following property classifications: Residential
More informationAugust 3, 2015 Dr. John Horak
Meridian ISD Budget Workshop August 3, 2015 Dr. John Horak Budgeting Process Meridian ISD Planning Calendar 2015-2016 2 Meridian ISD Budget Planning Calendar 2015-2016 Target Date Activity/Process (Move
More informationHow To Calculate A Property Tax
Department of Property Records and Taxpayer Services How To Calculate A Property Tax This document gives instructions for calculating a property tax for the following property classifications: Residential
More informationTMR # 3738 Collin County Page 1 of 10
Collin County Page 1 of 10 FINANCIAL STATEMENT FINANCIAL STATEMENT (As of August 31, 2016) Net Taxable Assessed Valuation ("A.V."), 2017 $1,010,065,940 New Debt $28,150,000 Outstanding Debt 83,903,319
More informationSocorro Independent School District, TX
CREDIT OPINION Socorro Independent School District, TX Update to credit analysis Summary Contacts Nathan Phelps +1.214.979.6853 Analyst nathan.phelps@moodys.com Grayson Nichols +1.214.979.6851 AVP-Analyst
More informationCAROLE KEETON STRAYHORN,
Truth-In-Taxation A Guide for Setting School District Tax Rates July 2006 CAROLE KEETON STRAYHORN, Texas Comptroller TEXAS PROPERTY TAX Truth-In-Taxation A Guide for Setting School District Tax Rates
More informationGeneral Obligation Bond Frequently Asked Questions. What is a Bond Referendum and what will voter approval of the Bond Referendum mean technically?
What is a Bond Referendum and what will voter approval of the Bond Referendum mean technically? The Florida Constitution and state statutes limit the taxing powers of governmental agencies. However, the
More informationBoard of Trustees. Public Hearing and Special Board Meeting
Board of Trustees Public Hearing and Special Board Meeting Tuesday, September 20, 2016 5:30 p.m. Pecan Campus Ann Richards Administration Building Board Room McAllen, Texas Online Board Packet SOUTH TEXAS
More information