Austin ISD & Fort Worth ISD Financial Ratios. Presented by Quang Tran Juan Ramirez Carlos Rodriguez Alesander Olaizola

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John Lindsey
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& 2011-2012 Financial Ratios Presented by Quang

1 & Financial Ratios Presented by Quang Tran Juan Ramirez Carlos Rodriguez Alesander Olaizola

2 Districts Highlights District population: 642,663 District population: 466,910 Total enrollment: 86,124 Total enrollment: 81,511 Number of schools: 122 Number of schools: 139 Budget: $950,510,775 Budget: $588,295,961 Total employees: 11,878 Total employees: 10,129 Median Household Income: $46,016 Median Household Income: $48,532 Total expenditures per pupil: $9,575 Per Pupil Expenditure: $7,508 TEA rating (2011): Acceptable TEA rating (2011): Acceptable Property tax rate: 1.242% Property tax: 1.322% Bonded Debt: $808,267,108 Bonded Debt: $767,996,479 Bond Rating: Aaa (Moody s) AA +(S&P) Bond Rating: Aa1 (Moody s) AA (S&P)

3 Schools Information Number of schools: 122 Number of schools: 139 Elementary Schools: 81 Elementary Schools: 83 Middle Schools: 18 Middle Schools: 28 High Schools: 15 High Schools: 14 Other Schools: 8 Other Schools: 15 TEA rating (2011): Acceptable TEA rating (2011): Acceptable Exemplary: 23 Exemplary: 6 Recognized: 33 Recognized: 33 Academically Acceptable: 54 Academically Acceptable: 61 Academically Unacceptable: 7 Academically Unacceptable: 21

2011-2012 Student Information Total enrollment: 86,124 Total enrollment: 81,511 Student-Teacher Ratio: 14.9 Student-Teacher Ratio: 15.

4 Student Information Total enrollment: 86,124 Total enrollment: 81,511 Student-Teacher Ratio: 14.9 Student-Teacher Ratio: 15.8 Percentages of Special Population 64% 76% 27% 27% 27% 28% 7% 8% 10% 7% Bilingual Economically Disadvantage Limited English Proficient: Gifted & Talented Special Education

5 Student Information Race/Ethnicity Distribution of the Student Body Ausitn ISD 61% 59% 25% 24% 9% 14% 3% 2% 0% 0% African American Hispanic White/Anglo Asian/Pacific Islander Native American

6 Employees Information Beginning Teacher Salary: $43,792 Beginning Teacher Salary: $47,164 Number of employees: 11,168 Number of employees: 10,129 Comparison of Number of Employees (Professional Categories) 5,131 1, ,566 5, ,207 Full-time teachers Professional Support Campus Administrators Central Administrators Educational Aides Auxiliary Staff

8 Liquidity Ratios Cash Ratio Cash Reserve Ratio 22% 2.6 months 29% 3.6 months 36% 4.3 months 26% 3.1 month Current Ratio Asset Ratio 27% 30% 34% 28% Target Liquidity Level* $ million $ million $ million $ million * Includes cash+ cash equivalences+ short term investments short term loans

9 Funding Ratios Fort Worth ISD Fort Worth ISD STATE BENCHMARK Contribution Ratio Local Contribution State Contribution Federal Contribution 67% 63% 44% 46% 40% 18% 21% 38% 40% 43% 13% 14% 19% 14% 12% Debt Ratio 73% 71% 71% 70% N/A Debt to Legal Limit 10% 10% 28% 26% N/A Legal Debt Limit $6 B $5.7 $1.8 B $2 B N/A

10 Operating Ratios Return Ratio Net Surplus ($25.32) ($6.5) $(27.93) $(3.59) million Million million million Net Operating Ratio Net Asset Reserve Ratio (2%) (4.2)% (3%) 0% 30% 35% 48% 44% Budget $950,510,775 Fort Worth Budget $588,295,961

11 Operating Ratios Program Expense Ratios Special Education 12.10% 12.30% 20.90% 21.30% Regular Education 38.10% 39.60% 55.50% 54.60% Gifted & Talented Education 2.40% 2.30% 0.40% 0.50% Bilingual/ESL Education 6.60% 6.30% 17.40% 16.50% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00%

12 Operating Ratios Program Expense Ratios Instruction Leadership Support Services 61.70% 62.00% 62.90% 62.70% 30.00% 31.00% 29.40% 29.60% 8.30% 8.00% 7.60% 7.60%

14 Liquidity Ratios To bring FWISD to a Cash Ratio equal or greater than one. Increase the level of liquidity in FWISD by reducing central administration and professional support staff. Insure the Current Ratio does not fall below one for both districts Bond capacity for AISD and FWISD should be taken into consideration. Optimum reserve cash balance (2 months).

15 Funding Ratios To improve the Local Contribution Ratio both districts can increase the property tax rate. AISD (1.24%) has more flexibility than FISD (1.32%) There is ongoing litigation by major school districts in TX against the state dealing with education funding. Both districts can search for other sources of revenues (non profit organizations)

16 Operating Ratios FWISD may allocate more funding for Special Education and Bilingual Education. Both districts can: Increase class size, online courses, staffing reviews (teachers vs. administrators), electronic books Both districts should focus more on identifying and serving GT students. Increase solvency by getting more funding (property tax, state revenue, nonprofits, business partners).

17 Recommendations

18 Resources CARF udget/docs/finance_2012_cafr.pdf Forth Worth ISD CARF rt%20lists%20folder/comprehensive%20annual%20financial%20repo rt%20(cafr)/comprehensive%20annual%20financial%20report%20j un2012.pdf Texas Comptroller of Public Accounts Financial Allocation of Study for Texas

District Name: FORT WORTH ISD District Number: Accountability Rating: Met Standard

2016-17 District Name: FORT WORTH ISD 2017 Accountability Rating: Met Standard 2017 ucation Determination Status: Needs Intervention This page intentionally left blank. 2016-17 District Performance Region