General Fund Revenues, Expenditures & Other Changes in Fund Balance Midway ISD

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1 General Fund Revenues, Expenditures & Other Changes in Fund Balance For the Month Ended July 31, 2017 with Comparative Prior Year Balances Revenue Code Actual Current Mo Actual Year-to- Date Encumbrances Total % of Actual Current Mo Actual Year-to- Date Local Revenue 5700 $ 48,277,063 $ 189,752 $ 48,546,378 $ 48,546, % $ 46,006,511 $ 187,559 $ 45,843,998 $ 45,843, % State Revenue ,576, ,884 8,711,404 8,711, ,037, ,209 10,249,708 10,249, Federal Revenue ,428 66, , , ,428 59, , , Total Revenue 61,615, ,953 57,928,639 57,928, ,803, ,389 56,701,035 56,701, Expenditures Month Ended July 31, 2017 Month Ended July 31, 2016 Instruction 11 37,552,987 2,932,008 33,774,927 74,226 33,849, ,580,460 2,822,375 32,826,315 67,303 32,893, Libraries ,055 73, ,129 1, , ,380 61, ,365 6, , Curriculum & Staff Dev 13 1,093,353 98, ,911 9,226 1,008, ,042,887 81, ,823 1, , Instructional Leadership ,678 81, ,782 7, , ,684 75, ,768 1, , School Leadership 23 3,648, ,850 3,245,676 2,899 3,248, ,554, ,282 3,156,389 6,264 3,162, Counseling 31 2,719, ,018 2,386, ,387, ,601, ,418 2,304, ,305, Social Work Services 32 60,461 3,150 35, , ,926 3,908 51, , Health Services ,389 47, , , ,623 45, , , Transportation 34 1,956,589 47,537 1,527,802 12,380 1,540, ,965,579 56,379 1,553, ,553, Co/Extra-curricular 36 1,985, ,605 1,807,449 1,474 1,808, ,991, ,376 1,811,314 37,347 1,848, General Administration 41 2,400, ,143 2,040,352 5,851 2,046, ,358, ,171 1,985,190 10,531 1,995, Plant Maintenance 51 5,832, ,005 5,105,971 23,101 5,129, ,622, ,419 4,952,047 76,380 5,028, Security & Monitoring ,754 80, ,568 1, , ,097 54, ,123 50, , Data Processing ,714 54, ,453 1, , ,042 53, ,170 9, , Community Services 61 86, , , , , , Facilities/Renovation 81 26, ,000 20,474 20, , Chapter 41 Payment , , , , , , , , Other Intergovernmental , , , , , , Total Expenditures 62,454,632 4,830,157 55,469, ,307 55,611, % 60,795,649 4,573,258 53,920, ,416 54,188, % Net Revenue Over (Under) Exp. (839,344) (4,085,204) 2,459,302 (142,307) 2,316,994 (991,747) (3,960,869) 2,780,830 (268,416) 2,512,414 Other Resources Other Uses (113,761) - (113,761) Net Inc. (Dec.) in Fund Balance $ (839,344) $ (4,085,204) $ 2,459,302 $ (142,307) $ 2,316,994 $ (991,747) $ (3,960,869) $ 2,667,069 $ (268,416) $ 2,398,653 Encumbrances Total % of

2 General Fund Revenues For the Month Ended July 31, 2017 with Comparative Prior Year Balances Month Ended July 31, 2017 Month Ended July 31, 2016 Local Revenue Code Current Mo Year-to-Date % of Current Mo Year-to-Date % of Property Taxes 5711,12 $ 47,153,263 $ 121,693 $ 47,153, % $ 44,920,011 $ 119,717 $ 44,714, % Property Tax Penalties, Int ,000 12, , ,000 19, , Tuition & Fees ,000 10, , ,500 1, , Interest Income ,000 24, , ,000 15, , Gifts & Bequests , , Miscellaneous ,800 7, , , , Athletic Activities ,000 10, , ,000 30, , Other Various 185,000 2, , , , State Revenue Local Revenue 48,277, ,752 48,546, ,006, ,559 45,843, Per Capita & Foundation 5811, 12 9,553, ,455 6,192, ,098, ,723 7,801, On-Behalf TRS Payments ,013, ,429 2,510, ,930, ,486 2,438, Other ,000-8, ,000-9, Federal Revenue State Revenue 12,576, ,884 8,711, ,037, ,209 10,249, Indirect Cost Reimb 5922, ,928 3, , ,928 4, , SHARS / MAC 5931, ,500 62, , ,500 54, , Federal Revenue 761,428 66, , ,428 59, , Total Revenue $ 61,615,288 $ 744,953 $ 57,928, % $ 59,803,902 $ 612,389 $ 56,701, %

3 Month End Cash Balances - Funds Other than Debt Service, Capital Projects and Trust Funds Fiscal Year Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug ,160,765 23,936,209 27,515,379 25,778,342 32,154,874 45,849,365 47,242,708 43,586,772 39,965,335 36,482,936 32,747,567 28,562,812 26,220, ,220,100 26,637,467 25,650,667 22,660,199 34,903,243 44,698,932 47,180,559 44,912,141 41,464,769 38,065,259 34,106,163 30,614,276 26,665, ,665,187 25,311,783 23,940,071 23,443,312 26,791,253 44,780,076 46,707,486 43,234,358 39,470,122 35,862,293 32,305,365 28,331,610 24,720, ,720,330 25,321,705 26,278,486 23,669,670 30,574,841 45,324,064 49,215,256 46,221,102 42,446,975 38,506,174 33,186,651 28,938,902 26,524, ,524,175 25,707,009 24,437,372 24,241,254 35,337,424 46,866,840 50,244,570 46,925,269 42,950,829 38,257,237 33,754,610 29,791,836 28,382, ,382,156 27,000,973 26,816,760 25,684,433 36,775,347 48,109,931 53,440,513 49,793,655 45,580,556 41,733,814 36,538,959 30,870,185 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000, Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug STATE FUNDING CASH FLOW Legislative payment estimate (LPE) $ 10,181,773 $ 10,431,672 $ 9,293,523 District payment earned (DPE) 9,912,752 10,024,891 9,439,462 Expected TEA settle-up (1) (269,021) (406,781) 145,939 Settlement date Oct 2015 Oct 2016 Oct 2017 Actual earned revenue 9,961,008 9,984,278 9,063,318 Description = the amount of state aid TEA will fund during the school year. = TEA's current projection of state aid that will be earned during the year. = "Settle-up." This is the future adjustment to state aid payments based on TEA estimates. Settle-up occurs in Sept. or Oct. after the school year ends. = the amount of state aid earned in prior years and the projected earned revenue for Expected additional settle-up (2) 48,256 (40,613) (376,144) = Expected future adjustment to state aid payments based on District estimates. (1) TEA makes funding payments through the year based on estimates, which is the "LPE," or "Legislative Payment Estimate." "DPE" is what TEA estimates the district will earn. "Settle-up" reflects the adjustment from estimated to actual earned state aid. (2) The District prepares estimates of state aid based on our data (ADA, property taxes, etc.), which should be the most current. TEA will not get some of the state aid variables until several months after the year has ended. This line reflects what the District estimates will be the additional adjustments to state aid that TEA will make as all of the actual data gets incorporated into the DPE calculation.

4 PROPERTY TAXES Property Tax Revenues by Month Amounts include current year and prior year property taxes, penalty & interest. Year Sept Oct Nov Dec Jan Feb Mar April May June July Aug Monthly Collections $ 49,663 $ 846,797 $ 1,710,844 $ 19,350,443 $ 17,483,867 $ 8,081,942 $ 1,656,526 $ 329,013 $ 301,708 $ 215,210 $ 228,071 $ 46, ,332 1,282,521 4,292,513 9,257,049 27,839,578 7,390, , , , , , , ,611 3,432,575 1,495,887 14,209,994 24,872,675 9,742, , , , , , , , ,160 4,087,165 20,201,452 20,525,952 9,474,625 1,078, , , , ,471 70, ,714 3,190,716 3,600,983 20,087,915 21,013,544 10,468, , , , , ,894 - Cumulative Collections $ 49,663 $ 896,461 $ 2,607,305 $ 21,957,747 $ 39,441,614 $ 47,523,557 $ 49,180,082 $ 49,509,096 $ 49,810,804 $ 50,026,014 $ 50,254,085 $ 50,300, ,332 1,342,853 5,635,366 14,892,414 42,731,992 50,122,558 50,511,840 50,770,007 51,123,652 51,315,388 51,444,566 51,545, ,611 3,495,186 4,991,073 19,201,067 44,073,742 53,816,093 54,296,683 54,832,314 55,096,507 55,290,172 55,507,181 55,618, , ,764 4,920,928 25,122,380 45,648,332 55,122,957 56,201,781 56,402,885 56,669,016 56,853,717 57,103,189 57,174, ,714 3,212,429 6,813,412 26,901,327 47,914,871 58,383,382 59,084,891 59,328,118 59,688,133 59,886,543 60,057,437 Cumulative Collections as a % of Adjusted Levy Cumulative Collections as a % of LEVY INFORMATION REVENUE BUDGET ** Original levy $ 50,328,857 $ 51,486,247 $ 55,260,531 $ 57,303,028 $ 60,177,150 General Fund $ 39,651,174 $ 40,408,226 $ 43,614,632 $ 45,130,011 $ 47,363,263 Adjustments * (337,574) (170,840) 190,271 (419,137) (115,709) Debt Svc 10,688,618 10,867,215 11,738,180 12,148,543 12,692,913 Adjusted $ 49,991,283 $ 51,315,407 $ 55,450,802 $ 56,883,891 $ 60,061,441 Total $ 50,339,792 $ 51,275,441 $ 55,352,812 $ 57,278,554 $ 60,056,176 * - amounts are through the first year only. ** - total budget for property taxes, penalty & interest.

5 Transactions Greater Than $25,000 For the Month of July 2017 Date Check Payee Amount Description Payroll and Payroll Related Items: 7/5/2017 ACH Texas State Comptroller 459, June TRS deposits 7/11/2017 Wire out Various banks 103, Payroll direct deposits 7/12/2017 Wire out Various banks 2,461, Payroll direct deposits 7/12/2017 ACH Texas State Comptroller 467, TRS July Health Insurance 7/14/2017 ACH IRS 370, Payroll taxes 7/14/2017 V22240 U.S. Employee Benefits 63, Payroll deductions 7/21/2017 V22297 Omni 63, Payroll deductions 7/21/2017 V22316 U.S. Employee Benefits 32, Payroll deductions 7/25/2017 Wire out Various banks 86, Payroll direct deposits Bond Projects: 7/14/2017 V22257 Apple Computer 428, Ipad replacements 7/14/2017 V22259 Hellas Construction 85, Track repair 7/14/2017 V22322 Apple Computer 56, Apple Professional Training 7/28/2017 V22385 NEI Datacom 30, Software Upgrades Other Operating Items: 7/13/2017 ACH Texas State Comptroller 129, July Ch 41 Payment 7/14/2017 V22146 Aramark 24, June Food Service 7/14/2017 V22145 Apple Computer 1,441, Ipad replacements - Internal Service Fund 7/24/2017 ACH Wells Fargo 1,299, Bond payment due 8/1 7/24/2017 ACH BOK Financial 325, Bond payment due 8/1 7/24/2017 ACH BOK Financial 925, Bond payment due 8/1 7/28/2017 V22364 Reliant 93, Electricity 7/28/2017 V22339 Dell Computer 27, CTE Computers $ 8,978,599.40

6 General Fund Projected Revenues and Expenditures Adopted Projected Local Revenue Property Taxes $ 47,153,263 $ 47,231,517 Property Tax Penalties, Int 210, ,000 Tuition & Fees 75, ,830 Interest Income 160, ,500 Miscellaneous 251, ,123 Athletic Activities 235, ,000 Other 152, ,889 Local Revenue 48,237,063 48,646,859 State Revenue Per Capita & Foundation 9,553,801 9,430,029 On-Behalf TRS Payments 3,013,996 3,013,996 Other 9,000 14,000 State Revenue 12,576,797 12,458,025 Federal Revenue Indirect Cost Reimb 423, ,928 SHARS / MAC 337, ,245 Federal Revenue 761, ,173 Total Revenue $ 61,575,288 $ 62,003,057 Expenditures Personnel $ 52,456,280 $ 52,781,350 Contracted Services 6,110,408 6,031,328 Supplies & Materials 2,408,326 2,266,076 Other Expenditures 1,333,021 1,013,049 Capital Outlay 106,597 96,597 Total Expenditures $ 62,414,632 $ 62,188,400 Revenues over (under) Expenditures ($839,344) ($185,343)