Round Rock ISD. Budget Workshop MARCH 27, 2014

Transcription

1 Round Rock ISD Budget Workshop MARCH 27, 2014

2 Agenda Budget Basics District Trends Legislative Issues Budget Discussion & Projections 2

3 Budget Basics 3

4 Legal Requirements Relating to Budget Education Code: Proposed budget must be prepared on or before June 19 Proposed budget must be adopted prior to June 30 Post a summary of the budget on the District s website Government Code: Public meeting must be held for the purpose of adopting budget Notice in newspaper required to be published not earlier than the 30 th day or later than the 10 th day prior to the public meeting Official District Budget General Operating, Food Service, and Debt Service Must be adopted at the fund and function level May approve budgets for other funds and in greater detail Adopted budget must be filed with the Texas Education Agency Handled through the PEIMS fall submission 4

5 Other Guidance Relating to Budget The Board adopted Fiscal and Budgetary Strategy states: The operating budget represents the District s annual financial operating plan The goal of the District is to balance the operating budget with current revenues, whereby, current revenues would match and fund on-going expenditures. 5

6 Round Rock ISD Budget Planning Calendar ID Task Name Duration Start Finish Resource Names 1 Finalize Enrollment Projections 41 days Tue 9/3/13 Fri 12/20/13 Demographic firm 2 Update State Funding Projections based on Estimates 1 day Fri 1/31/14 Fri 1/31/14 Business & Finance 3 Board Budget Workshop 1 day Thu 3/27/14 Thu 3/27/14 Board of Trustees 4 Issue Budget Materials to Campuses & Departments 1 day Fri 3/28/14 Fri 3/28/14 Business & Finance 5 Campus Submission of Budgets 5 days Mon 4/28/14 Fri 5/2/14 Campuses 6 Department Submission of Budgets 1 day Mon 5/5/14 Mon 5/5/14 Departments 7 Entry of Department Budgets 5 days Mon 5/12/14 Fri 5/16/14 Business & Finance 8 Board Budget Workshop 1 day Thu 4/24/14 Thu 4/24/14 Board of Trustees 9 Receive Certified Estimate from Williamson/Travis CADs 1 day Wed 4/30/14 Wed 4/30/14 Business & Finance 10 Adopt Compensation Plan 1 day Thu 5/15/14 Thu 5/15/14 Board of Trustees 11 Board Budget Workshop 1 day Thu 5/22/14 Thu 5/22/14 Board of Trustees 12 Board Budget Workshop (if necessary) 1 day Thu 6/5/14 Thu 6/5/14 Board of Trustees 13 Publish Budget and Tax Rate Advertisement in Newspaper 1 day Sat 6/7/14 Sat 6/7/14 Business & Finance 14 Public Hearing on Budget and Tax Rate 1 day Thu 6/19/14 Thu 6/19/14 Board of Trustees 15 Adopt Budget 1 day Thu 6/19/14 Thu 6/19/14 Board of Trustees 16 Amend Budget 1 day Thu 6/19/14 Thu 6/19/14 Board of Trustees 17 Receive Certified Values from Williamson/Travis CADs 1 day Fri 7/25/14 Fri 7/25/14 Business & Finance 18 Adopt Tax Rates for day Thu 9/18/14 Thu 9/18/14 Board of Trustees Feb 19, '12 W T F S S M T W T Project: Budget Planning Cale Date: Wed 3/26/14 Task Split Progress Milestone Summary Project Summary External Tasks External Milestone Deadline 6

7 TEA s Financial Accountability System Resource Guide 17 digit coding structure Education Code requires a standard school district fiscal accounting system Financials reported through PEIMS (Public Education Information Management System) Fund code (3 digits) Year code (1) Function code (2) Organization code (3) Program intent code (2) Object code (4) Sub-object code (2) Items in bold discussed in more detail 7

8 Fund Code An accounting entity with a self-balancing set of accounts. Each fund is designated for a distinct purpose. General Operating Debt Service Capital Projects Food Service (Child Nutrition) Special Revenue (Federal, State & Local Grants) Proprietary (Internal Service & Agency) Funds cannot be commingled. 8

9 Function Code A general operational area that groups together related activities 9

10 INSTRUCTION (11): A function for which expenditures are for the purpose of instructing students. This includes expenditures for direct classroom instruction and other activities that deliver, supplement or direct the delivery of learning situations to students. INSTRUCTIONAL RESOURCES & MEDIA (12) : A function for which expenditures are directly and exclusively for establishing and maintaining libraries and other major facilities dealing with instructional materials and media. CURRICULUM & STAFF DEVELOPMENT (13): A function for which expenditures are directly and exclusively used to aid in-service training and other staff development involving instructional or instructional related personnel of the district. INSTRUCTIONAL LEADERSHIP (21): A function for which expenditures are directly for activities which have as their purpose managing directing, supervising general and specific instructional programs. SCHOOL LEADERSHIP (23) : A function for which expenditures are for the purpose of general administration of a school campus. In most cases costs are limited to operating a principal's office and include all types of activities pertaining to the operation of that office. GUIDANCE, COUNSELING & EVALUATION (31): A function for which expenditures are directly and exclusively for activities which have as their purpose assessing, and testing students' abilities, aptitudes, and interests, counseling students with respect to career and educational opportunities and helping them establish realistic goals. It includes costs of psychological services, identification of individual characteristics testing, educational counseling, and occupational counseling. SOCIAL WORK SERVICES (32): A function for which expenditures are directly and exclusively for activities which promote and improve school attendance of students, including the promotion of positive student and parent attitudes toward attendance, analysis and causes of truancy, and followup for truants. Interpreting the social needs of students. HEALTH SERVICES (33): A function for which expenditures are directly and exclusively for the purpose of providing health services to individuals. Costs include salaries for school nurses, other medical, dental, and optical services, inoculations, etc. STUDENT TRANSPORTATION (34) : A function for which expenditures are for the purpose of providing transportation to students, except for co-curricular activities. FOOD SERVICES (35): A function for food service operation expenditures, including the cost of food, labor, and other expenditures necessary for the preparation, transportation, and storage of food. EXTRACURRICULAR ACTIVITIES (36): A function for which expenditures are for extracurricular or other purposes that are not essential in the delivery of instructional, instructional related, and student services. Costs include such activities as intramural and interscholastic competition, student, organizations, and special interest activities. GENERAL ADMINISTRATION (41): A function for which expenditures are for the purposes of managing or governing the school district as an overall entity, and that cover multiple activities that are not directly and exclusively for costs applicable to specific functions. Examples of general administration expenditures include those incurred by the school board, office of the superintendent, fiscal budget, accounting, or business office, textbook custodian, central personnel office, and tax administration. FACILITIES MAINTENANCE & OPERATION (51): A function for which expenditures are for activities to keep the physical plant open, clean, comfortable safe for use, and keeping the grounds in effective working condition and state of repair. Included are costs of activities that maintain order, and safety in building, on the grounds, and in school vicinities. Expenditures associated with warehouse/receiving service. SECURITY AND MONITORING SERVICES (52): A function for which expenditures are for activities to keep student and staff surrounds safe, whether in transit or from school, on a campus or participating in school sponsored events at another location. Examples of expenditures are security guards, bus security monitors, crossing guards, campus policy, hand-held DATA PROCESSING SERVICES (53): A function for which expenditures are for noninstructional data processing services, whether inhouse or contracted. Included are costs for computer facility management, computer processing, system development, analysis and design. COMMUNITY SERVICES (61): A function for which expenditures are for activities or purposes other than regular public education and adult education programs. These types of expenditures are for the service or activities relating to the whole community, including resources to nonpublic schools. Examples are costs of community recreation programs, public libraries, non-instructional programs for custodial and detention care of children and community welfare activities. DEBT SERVICE (71): A function for which expenditures are for the retirement of recurring bond, lease-purchase or other debt principal, related debt service fees, and interest. FACILITIES ACQUISITION & CONSTRUCTION (81): A function for which expenditures are for acquiring, equipping, and/or additions to real property. This includes costs for land and, buildings, remodeling, initial installation or, extension of service systems and other equipment and improvements to sites. INCREMENTAL COSTS ASSOCIATED WITH CH. 41 (92): This function code is used for expenditures that are for the purpose of positioning a school district with excess wealth per WADA to purchase attendance credits either from the state or from other school district(s). PAYMENTS TO JUVENILE JUSTICE ALTERNATIVE (95): This function code is used for expenditures that are for the purpose of providing financial resources for Juvenile Justice Alternative Education Programs under Chapter 37, TEC. OTHER INTERGOVERNMENTAL CHARGES (99): Property tax appraisal district fees and other charges. 10

11 Organization Code A group or cost center ie. Campus or Department 11

12 Program Intent Code Identifies the type of student receiving services 12

13 Program Intent 11 Basic Educational Services (K 12) 21 Talented and Gifted 22 Career & Technical Education (CTE) 23 Special Education 24 Accelerated Education 25 Bilingual Education 26 Non-disciplinary Alt. Education 28 Disciplinary Alt. Education 30 State Compensatory Educ. (Title I) 31 High School Allotment 32 Pre-Kindergarten 91 Athletics 99 Undistributed (all other) 13

14 Required Direct Spending Program Program Intent Code Funding Weight Direct Spend Rate Talented & Gifted (TAG) % Career & Technical Education (CTE) % Special Education to % State Compensatory Education & Pregnancy Related Services 24/ & % Bilingual % 14

15 Object Code Identify the nature and type of transaction (expenditure/revenue) Commonly referred to as the account code 6100 Payroll and Benefits 6200 Professional & Contracted Services 6300 Supplies & Materials 6400 Other Operating Expenditures 6500 Debt Service 6600 Capital Outlay 15

16 District Trends 16

17 Student Enrollment Trend 50,000 45,000 40,000 35,000 30,000 25,000 20,000 Growth Rates 15 Years - 3.7% 10 Years - 2.7% 5 Years - 1.8% 15,000 10,000 5,

18 Taxable Property Value Trend Billions

19 Appraised Property Value Diversification 0.5% 1.8% 1.9% 28.8% ($6.8 billion) 56.7% ($13.4 billion) 10.3% ($2.4 billion) Single Family Multi-Family Commercial Rural Real Vacant Lots/Tracts Other 19

20 Tax Rate Trend Debt Service M & O

21 Tax Rate Comparisons M & O (General Operating) Debt Service Total Change from Prior Year Round Rock ISD $ $ $ $ Austin ISD $ $ $ $ Leander ISD $ $ $ $ Pflugerville ISD $ $ $ $ Georgetown ISD $ $ $ $ Hutto ISD $ $ $ $

22 General Operating - Revenue Trend 350,000, ,000,000 97,831,185 92,949, ,236, ,411,135 99,025,524 99,666, ,000, ,000, ,000,000 Federal State Local 100,000, ,276, ,048, ,118, ,168, ,326, ,940,305 50,000, (Budget) 22

23 General Operating - Expenditure Trend 400,000, ,000, ,000, ,000, ,000,000 Budgeted Expenditures Actual Expenditures 150,000, % 89.8 % 90.7% 92.4% 88.4% 100,000,000 50,000, (Budget) 23

24 Administrative Cost Ratio (Maximum allowed by TEA 11.05%) % % % % % % % % % % 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 24

25 Formula: Administrative Cost Ratio The Administrative Cost Ratio is calculated as follows: Function 21 (Instructional Leadership) + Function 41 (General Admin.) divided by: Function 11 (Instruction) + Function 12 (Instructional Resources) + Function 13 (Curriculum & Staff Dev.) + Function 31 (Guidance & Counseling) Note> Account codes 6500 (Debt payments) and 6600 (Fixed Assets) are excluded. 25

26 Budget Breakdown ( ) 3.6% 7.3% 1.4% Salaries & Benefits Utilities, Appraisal Fees, Property Insurance, Audit Fees & Election Costs Remaining Department Budgets Campus & Library Budgets 87.7% 26

27 Legislative Issues 27

28 Legislative Impact - Federal Sequestration Title Programs IDEA (Special Education) Build America Bonds Affordable Care Act Health Insurance Internal Revenue Code Section 4980H provides that a full-time employee must be offered minimum essential coverage Full time equals 30 hours or more a week Under the statute, although normally considered temporary or oncall employees, substitutes are considered an employee under the provisions of the law and must be evaluated for determination whether or not they are considered full time and health insurance offered. District currently developing measurement criteria Impact to budget in

29 Legislative Impact - Texas RRISD State Revenue Estimates 2012 & 2013 Biennium Reduced FY 12 - $20 million; FY 13 additional $10 million 2014 & 2015 Biennium Reinstated FY 14 - $5.8 million; FY 15 - $6.3 million State Funding Lawsuit Lawsuit involves six groups February 2013 Ruling school finance law held unconstitutional January 2014 reopen case to hear evidence in light of actions from 83 rd Legislative Session (additional $3.4 billion in additional education funding reduced $5.4 billion by 82 nd Legislature) Judge Dietz to issue his ruling by mid to late May. Rider 71 on SB 1 TRS Employer Contribution Assistance Requires most school districts to contribute 1.5% of salaries for TRS covered employees Effective New revenues - $3,043,083 (one year of funding in Rider) Estimated expenditure impact $3,500,000 29

30 How is state funding calculated? Tier 1 - provides school districts a basic level of funding with allotments for regular education; special education; compensatory education, including Pregnancy Related Services; career and technical education; bilingual / English as a Second Language education; gifted and talented education; and public education grants Tier 2 - supplements the basic funding provided by Tier I. Tier II guarantees a specific amount of funding per student in weighted average daily attendance WADA for each penny of a school district s tax effort above a specified level. The funding provided by this additional tax effort is also referred to as enrichment. ASATR additional state aid for tax reduction WADA = Weighted Average Daily Attendance 30

31 Budget Discussion & Projections 31

32 Budget Pressures Inflationary costs Fuel, utilities, software/subscriptions Staffing Competitive salaries Increasing healthcare costs State/Federal Legislative issues State funding, accelerated instruction (House Bill 3), additional District funded retirement contributions in , Affordable Care Act, Sequestration Student growth Facility needs - portable costs affect General Operating Fund 32

33 Budgeting for Salaries & Benefits Salary/Benefit Type Amount Filled Positions All Actual Salary Vacant Positions Teaching/Scheduled Positions Pay Range Positions $45,000 (5 yr teacher) Midpoint Benefits Health Insurance Life Insurance Worker's Compensation Annual Contribution Annual Contribution Factor Based on Position 33

34 Campus Allocations Allocation Type High School Per Student Amount Basic $104 Fine Arts $34 Middle School Basic $82 Fine Arts $5 Elementary School Basic $71 Form N $5 $31,000 minimum; $5,000 minimum Allocation Type High School Per Student Amount Basic $114 Fine Arts $34 Middle School Basic $92 Fine Arts $5 Elementary School Basic $88 Form N $38,500 minimum N/A 34

35 Student Based Department Allocations Increase amount per student and for growth Career & Technical Education (CTE) Special Education Bilingual Treat Student Based Department Allocations the same as Campus Allocations Adjust funding level after October snapshot 35

36 Costs of Additional Campus Funding Amount Campus Allocations $480,458 Library Allocation $46,710 Student Based Department Allocations $235,136 TOTAL $762,304 36

37 Round Rock Independent School District Budget Projections Budget Development Worksheet Original As of: March 27, 2014 Change Budget REVENUE ESTIMATES: 1 Current Tax Collections 67.26% 233,538,298 6,530, ,007,621 Taxable Values $22,979,412,993 Yield / Penny $2,245,561 Tax Rate / $ Estimated Collection % 98.9% 2 Delinquent tax collections 0.49% 1,700,000 (150,000) 1,850,000 3 Other Local Revenue 1.21% 4,195,000-4,195,000 4 State Revenue (Enrollment - 46,840; ADA - 45,049; Attendance Rate %) 25.65% 89,060,616 5,394,275 83,666,341 5 School Health And Related Services (SHARS) 0.37% 1,300,000-1,300,000 6 Federal Revenue 0.15% 510, ,000 7 Community School/Employee Program Revenue 0.26% 887, ,684 8 Teacher Retirement System - On-Behalf 4.61% 16,000,000-16,000,000 Total Estimated Revenue 347,191,598 11,774, ,416,646 EXPENDITURE ESTIMATES: Salaries & Benefits: 9 Salaries & Benefits 81.0% 281,484, ,484, Additional Teachers/Staff Based on Staffing Allocations for % 3,400,000 3,400, TRS Employer Contribution Assistance 1.0% 3,500,000 3,500, Teacher Retirement System - On-Behalf 4.6% 16,000,000-16,000,000 Total Salaries & Benefits 87.6% 304,384,361 6,900, ,484,361 Allocations: 13 Campuses & Departments 12.2% 42,443, ,547 41,506, Library 0.1% 414,960 53, ,825 Total Allocations 12.3% 42,858, ,682 41,868,474 Other Major Expenditures: 15 Utility Cost Increase 0.00% Above Form A Requests 0.00% Property Insurance Increase due to Growth 0.02% 75,000 75, Student Resource Officers Cost Increase 0.04% 141, ,000 - Total Other Major Expenditures 0.06% 216, ,000 0 Total Estimated Expenditures 347,458,517 8,105, ,352,835 Surplus/(Deficit) -0.08% (266,919) 3,669,270 (3,936,189) Note> This does not take into consideration the use of fund balance. 37

38 Supplemental Information 38

39 Round Rock ISD Basic Allocations-Campuses and Departments Form A Basic Budget Budget Budget Allocation Dept. Division & Form N Addition Reduction Adjust. Total % All Schools 5,034,718 5,034, % Summer School 689, , % 701 Superintendent 26,685 26, % 702 Board of Trustees 87,191 87, % 703 Tax Office 2,223,404 2,223, % 709 Textbooks/Delivery Systems 34,742 34, % 726 Deputy Supt. - Business Admin. 56,500 56, % 727 Payroll & Benefits 133, , % 728 Financial Services 303, , % 729 Purchasing 41,945 41, % 729 Maint./Operations Repair & Replacement 200, , % 730 Internal Audit 34,000 34, % 731 Safety & Risk Management 2,977,864 2,977, % 734 Central Administration 230, , % 735 Legal Services 295, , % 735 JJAEP 500, , % 741 Information Services 1,856,490 1,856, % 742 Human Resources 209, , % 745 Community Relations 79,825 79, % 802 Community Schools 310, , % 803 Partnerships 21,881 21, % 804 Performing Arts Center 153, , % 902 Fine Arts 125, , % 903 Video Services 22,637 22, % 904 Beyond District Student Travel 325, , % 905 Asst. Supt. of Inst. Support 418, , % 906 Deputy Supt. - Instruction & Admin. 76,805 76, % 907 Professional Development 89,410 89, % 908 Assessment/Testing/Educ. Research 191, , % 909 Gifted and Advanced Academics 89,910 89, % 912 Academies 40,046 40, % 915 Student Support/CCR 1,352,975 1,352, % 915 Academic Replacement Schedule 364, , % 916 Special Education/504/Dyslexia 595, , % 917 State and Federal Programs 487, , % 925 Health Services 26,555 26, % 927 Athletics 1,578,859 1,578, % 928 Curriculum 105, , % 933 School Imprv. & Acad. Interventions 549, , % 935 PE/Health 90,535 90, % 938 Asst. Supt. Secondary Education 599, , % 939 Asst. Supt. Elementary Education 200, , % 940 Guidance & Counseling 36,123 36, % 951 Operations & Facilities 14,935 14, % 952 Transportation 2,357,412 2,357, % 953 Maintenance 4,280,730 4,280, % 954 Custodial Services 1,383,730 1,383, % 955 Energy Management 125, , % 955 Electricity, Gas, Water & Wastewater 8,387,810 8,387, % 956 Construction 217, , % 956 Portables 724, , % 956 Furniture Repair & Replacement 100, , % 957 Grant Development Initiatives 4,500 4, % 960 Print Services 572, , % 960 Copiers 614, , % 961 Distribution Center 586, , % 970 Library/Media Services 206, , % Departments 37,408, ,408, % Total Allocations 42,443, ,443, % Line 13 39

40 Round Rock ISD Campus Allocations Enrollment Fine Arts Form A Fine Arts Campus Campus Name Projections Enroll. Proj. Allocation Allocation Totals 001 Round Rock HS 2,995 1, ,430 53, , Round Rock Opp. 62,000 62, Westwood HS 2,721 1, ,194 51, , McNeil HS 2,556 1, ,384 44, , Stony Point HS 2,492 1, ,088 40, , Cedar Ridge 2,732 1, ,448 50, , Success 128, ,000 Sub-Total 13,496 7,084 1,728, ,856 1,969, C. D. Fulkes MS ,576 3,290 74, Grisham MS ,616 2,885 62, Chisholm Trail MS 1, ,748 4,390 98, Canyon Vista MS 1,344 1, ,648 5, , Deerpark MS ,436 4,120 94, Hopewell MS ,708 3,815 86, Cedar Valley MS 1,305 1, ,060 5, , Ridgeview MS 1,359 1, ,028 5, , Walsh MS 1,455 1, ,860 5, , Hernandez MS ,016 3,505 81,521 Sub-Total 10,638 8, ,696 43,350 1,022, Berkman ,224 48, Spicewood ,080 69, Voigt ,152 53, Deep Wood ,500 38, Forest North ,072 39, Anderson Mill ,296 43, Caraway ,688 61, Robertson ,264 44, Purple Sage ,500 38, Brushy Creek ,464 68, Wells Branch 1,075 94,600 94, Laurel Mountain ,496 67, Pond Springs ,408 56, Bluebonnet ,008 52, Double File Trail ,264 66, Live Oak ,160 50, Gattis ,816 68, Old Town ,912 65, Fern Bluff ,272 63, Jollyville ,072 39, Canyon Creek ,656 40, Forest Creek ,680 75, Caldwell Heights ,816 57, Great Oaks ,072 61, Blackland Prairie ,128 73, Teravista ,704 77, Cactus Ranch 1,071 94,248 94, Sommer ,272 85, Callison ,080 80, Union Hill ,176 77, Chandler Oaks ,160 50, Herrington ,192 71, England ,840 70,840 Sub-Total 23,076 2,043, ,043,272 Campuses Total 47,210 4,750, ,206 5,034,718 40

41 Round Rock ISD Library Allocations SCHOOL ENROLLMENT PROJECTIONS REFERENCE BASIC $6 PER STUDENT OTHER FUNDS LIBRARY TOTAL 001 ROUND ROCK 2,995 1,200 3,500 17,970 22, RROC 0 1,200 3,500-4, WESTWOOD 2,721 1,200 3,500 16,326 21, MCNEIL 2,556 1,200 3,500 15,336 20, STONY POINT 2,492 1,200 3,500 14,952 19, CEDAR RIDGE 2,732 1,200 3,500 16,392 21, SUCCESS Subtotal High School 13,496 7,200 21,000 80, , C.D. FULKES ,500 4,668 7, GRISHAM ,500 3,888 6, CHISHOLM TRAIL 1, ,500 6,114 8, CANYON VISTA 1, ,500 8,064 10, DEERPARK ,500 5,898 8, HOPEWELL ,500 5,394 7, CEDAR VALLEY 1, ,500 7,830 10, RIDGEVIEW 1, ,500 8,154 10, WALSH 1, ,500 8,730 11, HERNANDEZ ,500 5,088 7,488 Subtotal Middle Schoo 10,638 9,000 15,000 63, , BERKMAN ,288 4, SPICEWOOD ,710 6, VOIGT ,624 5, DEEPWOOD ,334 3, FOREST NORTH ,664 4, ANDERSON MILL ,952 4, CARAWAY ,206 5, ROBERTSON ,018 4, PURPLE SAGE ,058 3, BRUSHY CREEK ,668 6, WELLS BRANCH 1, ,450 7, LAUREL MOUNTAIN ,602 6, POND SPRINGS ,846 5, BLUEBONNET ,546 5, DOUBLE FILE TR ,518 6, LIVE OAK ,420 4, GATTIS ,692 6, OLD TOWN ,494 5, FERN BLUFF ,314 5, JOLLYVILLE ,664 4, CANYON CREEK ,772 4, FOREST CREEK ,160 6, CALDWELL HEIGHTS ,942 5, GREAT OAKS ,164 5, BLACKLAND PRAIRIE ,986 6, TERAVISTA ,298 6, CACTUS RANCH 1, ,426 7, SOMMER ,814 7, CALLISON ,460 6, UNION HILL ,262 6, CHANDLER OAKS ,420 4, HERRINGTON ,854 6, ENGLAND ,830 6,330 Subtotal Elementary 23,076 23,100 26, , ,956 PROF. LIBRARY - CONTINGENCY 30,000 30,000 TOTALS 47,210 39,300 62, ,260 30, ,960 Line 14 41

42 Comparison Of Current And Prior Tax Information School Year % % % Category Forecast 1/13/2014 Forecast 1/13/2014 Estimated or Forecasted CAD Value 3.50% 21,101,414, % 22,310,109, % 22,979,412,993 Frozen Property Value 6.54% 1,339,627, % 1,493,898, % 1,620,879,436 Frozen Tax Levy 12.90% 14,845, % 16,594, % 18,586,268 TIF payments 0.00% % % - Optional Homestead Value lost 0.00% % % - Net Taxable Value 3.30% 19,761,787, % 20,816,211, % 21,358,533,557 Total Levy 7.07% 287,657, % 301,615, % 313,334, CPTD for CPTD for CPTD for CPTD Property Value Preceding Year 1.50% 20,168,036, % 20,865,789, % 22,058,150,041 Percentage change from prior year CAD value -1.08% -1.12% -1.13% % based off to Average change M&O Tax rate 0.00% % % I&S Tax Rate 15.25% % % Total Tax Rate 3.37% % % Current Year Collections % -0.04% 99.35% -0.45% 98.90% 0.00% 98.90% Current Year M&O Collections 3.54% 215,396, % 226,589, % 233,538,298 Line 1 Delinquent M&O Collections % 889, % 850, % 850,000 Total Current and Delinquent M&O Collections 3.23% 216,286, % 227,439, % 234,388,298 M&O Other-Penalties/Interest/Certificates -7.64% 878, % 850, % 850,000 Total M&O Collections 3.18% 217,164, % 228,289, % 235,238,298 Current Year I&S Collections 19.34% 70,418, % 71,332, % 76,349,059 Delinquent I &S Collections % 254, % 250, % 250,000 Total Current and Delinquent I&S Collections 18.82% 70,672, % 71,582, % 76,599,059 I&S Other-Penalties/Interest/Certificates -8.40% 222, % 210, % 210,000 Total I&S Collections 18.71% 70,895, % 71,792, % 76,809,059 Total Tax Collection 6.61% 288,059, % 300,082, % 312,047,357 42

43 The format of the following Summary of Finances report mirrors (for the most part) the report SB 1: : generated by TEA. "LPE" data is not on this report. Release 4 1/13/ Summary of Finances ROUND ROCK ISD Funding Elements From Students Date Entry 1. Refined Average Daily Attendance (ADA) 45, Regular Program ADA (Line 1 - Line 3 - Line 4) (Link to Detail Report) 41, Special Education FTEs (Link to Detail Report) 1, Career & Technology FTEs 2, Advanced Career & Technology FTEs High School ADA 13, Weighted ADA (WADA) (Link to Detail Report) 54, Prior Year Refined ADA 44, Texas School for the Blind and Visually Impaired ADA Texas School for the Deaf ADA Staff 11. Full-time Staff (not MSS) 1, Part-time Staff (not MSS) 452 Property Values (current tax year) Locally Certified Property Value Not Needed (prior tax year) State Certified Property Value ("T2" value) 22,058,150,041 Tax Rates and Collections Adopted M&O Tax Rate (current tax year) Compressed M&O Tax Rate Average Tax Collection Rate Not Needed (current tax year) M&O Tax Rate (current year) M&O Tax Collections (Link to Detail Report) $234,388, (current year) I&S Tax Collections $76,599, Total Tax Collections $310,987, (current year) Total Tax Levy $313,334,031 Funding Components 23. Adjusted Allotment (Link to Detail Report) $5, Revenue at Compressed Rate (RACR) per WADA $5, Cost of Education Index (CEI) Adjusted CEI Per Capita Rate $

44 Tier I Allotments Program Intent Codes - Allotments Regular Program Allotment $227,089, Special Education Adjusted Allotment (Spend 52%) $24,654, Career & Technology Allotment (Spend 58%) $16,979, Gifted & Talented Adjusted Allotment (Spend 55%) $1,465, Comp Ed Allotment (Spend 52%) (no Detail Report included) $15,224, Bilingual Education Allotment (Spend 52%) $1,917, Public Education Grant $ New Instructional Facilities Allotment (NIFA) $ Transportation Allotment (no Detail Report included) $2,555, High School Allotment $3,585, Total Cost of Tier I (Link to Tier I Detail Report) $293,473, Less: Local Fund Assignment $220,118, State Share of Tier I $73,355, Per Capita Distribution from the Available School Fund (ASF) $16,570,014 Foundation School Program (FSP) State Funding 42. Greater of State Share of Tier I or (ASF+NIFA+HS) $73,355, Tier II State Aid (Link to Tier II Detail Report) $5,129, Other Programs (Link to Detail Report) $10,575, Less: Total Available School Fund ($375 * Prior Year ADA) ($16,570,014) 46. Total FSP Operating Fund $72,490,602 State Aid by Funding Source Fund Code/Object Code - Funding Source / Foundation School Fund $72,490, / Available School Fund $16,570, / Existing Debt Allotment (EDA) (Link to Detail Report) $ / Instructional Facilities Allotment (IFA) (Bond) (Link to Detail Report) $ / Instructional Facilities Allotment (Lease Purchase) (See Link Above) $0 52. TOTAL FSP/ASF STATE AID $89,060,616 FSP Allocations and Adjustments Report (Link to Detail Report) ADDITIONAL INFO: (Not on TEA's Summary of Finances) SUMMARY OF TOTAL STATE/LOCAL M&O REVENUE: M&O Rev From State (no Fund 599) (includes TIF & tuition reimbursement, if applicable) $89,060,616 Line 4 M&O Rev From Local Taxes (net of recapture and up to compressed rate) $224,900,079 M&O Rev From Local Taxes (for first $.06 above compressed rate; no recapture) $9,488,219 M&O Rev From Local Taxes (net of recapture for pennies beyond compressed rate + $.06) $0 Additional M&O Rev Resulting From ASATR Credit Against Recapture $ TOTAL STATE/LOCAL M&O REVENUE $323,448,914 Less: Credit Balance Due State (See Foundation School Fund balance above) $ NET TOTAL STATE/LOCAL M&O REVENUE $323,448,914 SUMMARY OF TOTAL CHAPTER 41 RECAPTURE: Recapture at the $ Level $0 Recapture at the $ Level $0 Total Recapture $0 Less: ASATR Credit Against Recapture $0 Total Recapture Payments To TEA $0 44