TMR # 3738 Collin County Page 1 of 10

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1 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, GO Debt payable from Ad Valorem Taxes $112,053,319 Less: I&S Fund 592,650(a) Net Debt $111,460,669(b) ================== (a) Excludes $588,039 set aside from Series 2016 bond proceeds. (b) Texas School Districts may receive funds from the State of Texas to offset capital debt expenses. The District expects to receive 11.64% of the annual debt service requirement from State Aid. These funds are subject to change and are recalculated each year. Net Debt Per Net Taxable Assessed Valuation % Net Debt Per Sq mile - $3,561, Net Debt Per Capita - $9, Net Debt Per ADA - $43, Net Taxable Assessed Valuation Per Capita - $84, Net Taxable Assessed Valuation Per ADA - $398, ADA-1,546; 2010 Pop Est-6, ADA-2,535; 2017 Pop Est-12,015 Area: Sq mile PAYMENT RECORD: Never defaulted. TAX DATA Tax Tax Adjusted % Collected Total % Collected Year A.V. Rate Levy within FY as of 08/31/2016(a) 2011 $426,933,889 $ $6,574, ,642, ,755, ,248, ,411, ,700, ,711, ,376, ,011, ,467,747(b) ,735, (c) 99.00(c) ,010,065,940 (a) Delinquent tax collections are allocated to the respective years in which the taxes are levied. (b) Increase in A.V. due to increase in residential development. (c) Collections as of July Tax Rate Distribution Operations $ $ $ $ I&S Totals $ $ $ $ MAINTENANCE TAX LIMITATION: The maximum voted maintenance ("M&O") tax rate for the District is $1.50 per $100 assessed valuation as approved by the voters at an election held in the District on 06/30/1984 pursuant to the provisions of Chapter 20, Texas Education Code (now codified at Section , Texas Education Code). For any fiscal year beginning with the fiscal year, the maximum M&O tax rate per $100 of assessed valuation that may be adopted by the District may not exceed the lesser of (A) $1.50 and (B) the sum of (1) the rate of $0.17, and (2) the product of the "state compression percentage" multiplied by $1.50. Details of Unlimited Tax Debt (Outstanding 8/31/2016) U/L Tax Sch Bldg Bds Ser 2007 Original Issue Amount $9,900, Dated Date: 02/01/2007 Sale Date: 01/17/2007 Delivery Date: 02/20/2007 Sale Type: Competitive NIC: % Interest pays Semi-Annually: 02/01, 08/01 1st Coupon Date: 08/01/2007 Lead Manager: JPMorgan Use of Proceeds: School Building. 08/01/ , % 3.900% ---$265, Call Option: Non-callable Refunded Notes: Maturities refunded by U/L Tax Sch Bldg & Ref Bds Ser , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/2017 1,090, /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/2017 1,690, /01/ Par 08/01/2017 U/L Tax Sch Bldg Bds Ser 2008 Original Issue Amount $3,000, Dated Date: 07/15/2008 Sale Date: 07/16/2008 Delivery Date: 08/19/2008 Sale Type: Competitive NIC: % 1st Coupon Date: 02/01/2009 Lead Manager: Morgan Keegan & Co., Inc. DETAILS OF OUTSTANDING DEBT

2 Collin County Page 2 of 10 Use of Proceeds: School Building. 08/01/ , % 3.680% 08/01/ , % 3.800% ---$150, Call Option: Non-callable Refunded Notes: Maturities refunded by U/L Tax Ref Bds Ser , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/2018 U/L Tax Sch Bldg & Ref Bds Ser 2009 Original Issue Amount $3,623, Dated Date: 06/15/2009 Sale Date: 06/24/2009 Delivery Date: 07/21/2009 Interest pays (CIBs) Semi-Annually: 02/01, 08/01 1st Coupon Date: (CIBs) 08/01/2009 Lead Manager: Morgan Keegan & Co., Inc. Insurance: Assured Guaranty Corp Use of Proceeds: Refunding, School Building. Refunding Notes: This bond refunded maturities from the following issues: U/L Tax Sch Bldg & Ref Bds Ser 94 75, /01/ Par 07/28/ , /01/ Par 07/28/ , /01/ Par 07/28/ , /01/ Par 07/28/ , /01/ Par 07/28/ , /01/ Par 07/28/ , /01/ Par 07/28/ , /01/ Par 07/28/ , /01/ Par 07/28/ , /01/ Par 07/28/ , /01/ Par 07/28/2009 Current Interest Bonds 08/01/ , % 3.800% 08/01/ , % % 08/01/ , % 4.150% ---$470, Capital Appreciation Bonds Original Mat Value Coupon Price/Yield Principal 08/01/ , % 4.350% 7, /01/ , % 4.625% 5, $13, Call Option: CABs: Non-callable Refunded Notes: Maturities refunded by U/L Tax Ref Bds Ser , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/2019 U/L Tax Ref Bds Ser 2012 Original Issue Amount $2,365, Dated Date: 07/15/2012 Sale Date: 07/16/2012 Delivery Date: 08/16/2012 1st Coupon Date: 02/01/2013 Lead Manager: Raymond James Morgan Keegan Underwriter's Counsel: Fulbright & Jaworski L.L.P. Use of Proceeds: Refunding. Refunding Notes: This issue defeased mty(s) 08/01/2014, 08/01/2016, 08/01/2019, 08/01/ /01/2026 of U/L Tax Sch Bldg Bds Ser par. 08/01/ , % 1.050% 08/01/ , % 1.300% 08/01/ , % 1.450% 08/01/ , % 1.500% 08/01/ , % 1.630% 08/01/ , % 1.720% 08/01/ , % 1.800% 08/01/ , % 1.920% 08/01/ , % 2.020% 08/01/ , % 2.120% -$1,995, Call Option: Bonds maturing on 08/01/2023 to 08/01/2026 callable in whole or in part on any date beginning par. U/L Tax Sch Bldg Bds Ser 2013 Tax Treatment: Tax Exempt Original Issue Amount $18,500, Dated Date: 06/15/2013 Sale Date: 06/06/2013 Delivery Date: 07/11/2013

3 Collin County Page 3 of 10 Interest pays (CIBs) Semi-Annually: 02/01, 08/01 1st Coupon Date: (CIBs) 08/01/2013 Lead Manager: First Southwest Company Co-Manager: Raymond James Underwriter's Counsel: Fulbright & Jaworski L.L.P. Use of Proceeds: School Building. Current Interest Bonds 08/01/2020T 255, % 1.820% 08/01/2023T 235, % 2.500% 08/01/2026T 250, % 3.120% 08/01/2029T 115, % 3.540% 08/01/2032T 125, % 3.900% 08/01/2035T 145, % 3.000% 08/01/2039T 6,180, % 3.550% 08/01/2043T 11,190, % 4.050% $18,495, Premium Capital Appreciation Bonds Original Mat Value Coupon Price/Yield Principal 08/01/2036 1,525, % 4.600% 5, $5, Call Option: Current Interest Bonds: Term bonds maturing on 08/01/2026 and 08/01/2029 and 08/01/2032 and 08/01/2035 and 08/01/2039 and 08/01/2043 callable in whole or in part on any date beginning par. Premium Capital Appreciation Bonds: Bonds maturing on 08/01/2036 callable in whole or in part on any date beginning accreted value. Term Call: Term bonds maturing on 08/01/2020: 08/01/2017 $40,000 08/01/2018 $70,000 08/01/2019 $70,000 08/01/2020 $75,000 Term bonds maturing on 08/01/2023: 08/01/2021 $75,000 08/01/2022 $80,000 08/01/2023 $80,000 Term bonds maturing on 08/01/2026: 08/01/2024 $80,000 08/01/2025 $85,000 08/01/2026 $85,000 Term bonds maturing on 08/01/2029: 08/01/2027 $35,000 08/01/2028 $40,000 08/01/2029 $40,000 Term bonds maturing on 08/01/2032: 08/01/2030 $40,000 08/01/2031 $40,000 08/01/2032 $45,000 Term bonds maturing on 08/01/2035: 08/01/2033 $45,000 08/01/2034 $50,000 08/01/2035 $50,000 Term bonds maturing on 08/01/2039: 08/01/2037 $1,525,000 08/01/2038 $2,145,000 08/01/2039 $2,510,000 Term bonds maturing on 08/01/2043: 08/01/2040 $2,635,000 08/01/2041 $2,740,000 08/01/2042 $2,850,000 08/01/2043 $2,965,000 U/L Tax Ref Bds Ser 2014 Original Issue Amount $8,990, Dated Date: 12/01/2013 Sale Date: 12/11/2013 Delivery Date: 01/09/2014 Interest pays (CIBs) Semi-Annually: 08/01, 02/01 1st Coupon Date: (CIBs) 02/01/2014 Lead Manager: Raymond James Co-Manager: First Southwest Company Underwriter's Counsel: Fulbright & Jaworski LLP Use of Proceeds: Refunding. Refunding Notes: This bond refunded maturities from the following issues: U/L Tax Sch Bldg Bds Ser 2003 Refunded Amount Mat Date Sched Call Price 185,000.00* 08/01/ /01/2015 Par 605, /01/ /01/2015 Par 1,900, /01/ /01/2015 Par 645, /01/ /01/2015 Par 680, /01/ /01/2015 Par 1,030,000.00* 08/01/ /01/2015 Par U/L Tax Sch Bldg Bds Ser 2004 Refunded Amount Mat Date Sched Call Price 500,000.00* 08/01/ /01/2015 Par 140, /01/ /01/2015 Par 145, /01/ /01/2015 Par 150, /01/ /01/2015 Par 500, /01/ /01/2015 Par 1,630, /01/ /01/2015 Par U/L Tax Sch Bldg Bds Ser 2005 Refunded Amount Mat Date Sched Call Price 405, /01/ /01/2015 Par 475,000.00* 08/01/ /01/2015 Par * Partial

4 Collin County Page 4 of 10 Current Interest Bonds 08/01/ , % 1.000% 08/01/ , % 1.450% 08/01/ , % 1.350% 08/01/ , % 2.150% 08/01/ , % 2.350% 08/01/ , % 2.500% 08/01/ , % 2.650% 08/01/ , % 2.800% 08/01/ , % 2.950% 08/01/ , % 3.050% 08/01/ , % 3.150% 08/01/ , % 3.300% 08/01/2032T 1,145, % 3.700% 08/01/ , % 3.800% 08/01/2035T 560, % 4.050% -$8,425, Premium Capital Appreciation Bonds Original Mat Value Coupon Price/Yield Principal 08/01/ , % 2.350% 120, /01/ , % 2.700% 150, $270, Call Option: Current Interest Bonds: Bonds maturing on 08/01/2024 to 08/01/2030 and 08/01/2033 and term bonds maturing on 08/01/2032 and 08/01/2035 callable in whole or in part on any date beginning par. CABs: Non-callable Term Call: Term bonds maturing on 08/01/2032: 08/01/2031 $195,000 08/01/2032 $950,000 Term bonds maturing on 08/01/2035: 08/01/2034 $215,000 08/01/2035 $345,000 U/L Tax Sch Bldg & Ref Bds Ser 2015 Original Issue Amount $8,940, Dated Date: 04/15/2015 Sale Date: 04/20/2015 Delivery Date: 05/19/2015 1st Coupon Date: 02/01/2016 Bond Counsel: McCall, Parkhurst & Horton L.L.P., Dallas, TX Financial Advisor: SAMCO Capital Markets, Inc., Plano, TX Lead Manager: Raymond James Co-Manager: First Southwest Company Underwriter's Counsel: Norton Rose Fulbright US LLP, San Antonio, TX Use of Proceeds: Refunding, School Building. Refunding Notes: This bond refunded maturities from the following issues: U/L Tax Sch Bldg Bds Ser ,000.00* 08/01/ Par 08/01/ , /01/ Par 08/01/ ,000.00** 08/01/ Par 08/01/ , /01/ Par 08/01/2015 1,325,000.00** 08/01/ Par 08/01/2015 U/L Tax Sch Bldg Bds Ser , /01/ Par 08/01/ , /01/ Par 08/01/ ,000.00** 08/01/ Par 08/01/2015 U/L Tax Sch Bldg Bds Ser , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ ,000.00** 08/01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ ,000.00* 08/01/ Par 08/01/2015 * Partial ** Remainder 08/01/ , % 0.650% 08/01/ , % 0.970% 08/01/ , % 1.100% 08/01/ , % 1.250% 08/01/2022T 155, % 1.500% 08/01/2025T 245, % 1.900% 08/01/2027T 355, % 2.000% 08/01/ , % 2.050% 08/01/ , % 2.100% 08/01/ , % 2.150% 08/01/2031 1,010, % 2.180% 08/01/ , % 2.280% 08/01/ , % 2.380% 08/01/2034 1,145, % 2.450% 08/01/ , % 2.550% 08/01/2039T 685, % 2.800% 08/01/2043T 860, % 3.000% -$8,290, Call Option: Bonds maturing on 08/01/2028 to 08/01/2035 and term bonds maturing on 08/01/2025 and 08/01/2027 and 08/01/2039 and 08/01/2043 callable in whole or in part on any date beginning par. Term Call: Term bonds maturing on 08/01/2022: 08/01/2021 $80,000 08/01/2022 $75,000 Term bonds maturing on 08/01/2025: 08/01/2023 $80,000 08/01/2024 $80,000 08/01/2025 $85,000 Term bonds maturing on 08/01/2027: 08/01/2026 $90,000 08/01/2027 $265,000 Term bonds maturing on 08/01/2039:

5 Collin County Page 5 of 10 08/01/2036 $145,000 08/01/2037 $155,000 08/01/2038 $190,000 08/01/2039 $195,000 Term bonds maturing on 08/01/2043: 08/01/2040 $200,000 08/01/2041 $210,000 08/01/2042 $220,000 08/01/2043 $230,000 U/L Tax Sch Bldg & Ref Bds Ser 2016 Tax Treatment: Tax Exempt Original Issue Amount $45,525, Dated Date: 07/01/2016 Sale Date: 06/28/2016 Delivery Date: 07/26/2016 NIC: % 1st Coupon Date: 02/01/2017 Bond Counsel: McCall, Parkhurst & Horton L.L.P., Dallas, TX Financial Advisor: SAMCO Capital Markets, Inc., Plano, TX Lead Manager: Raymond James Co-Manager: Hilltop Securities Inc. Co-Manager: Wells Fargo Securities Underwriter's Counsel: Norton Rose Fulbright US LLP, San Antonio, TX Use of Proceeds: Sch Bldg & Buses, Refunding. Refunding Notes: This bond refunded maturities from the following issues: U/L Tax Sch Bldg Bds Ser ,000.00** 08/01/ Par 08/01/2016 U/L Tax Sch Bldg Bds Ser , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/2016 U/L Tax Sch Bldg Bds Ser , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/2017 1,090, /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/2017 1,690, /01/ Par 08/01/2017 ** Remainder 08/01/ , % 0.700% 08/01/ , % 0.780% 08/01/ , % 0.850% 08/01/ , % 0.980% 08/01/2021 1,090, % 1.100% 08/01/2022 1,125, % 1.250% 08/01/2023 1,170, % 1.340% 08/01/2024 1,215, % 1.450% 08/01/2025 1,275, % 1.550% 08/01/2026 1,330, % 1.650% 08/01/2027 1,405, % 1.760% 08/01/2028 1,465, % 1.810% 08/01/2029 1,540, % 2.060% 08/01/2030 1,605, % 2.160% 08/01/2031 1,665, % 2.240% 08/01/2032 1,730, % 2.320% 08/01/2033 1,800, % 2.370% 08/01/2034 1,870, % 2.600% 08/01/2035 2,690, % 2.160% 08/01/2036 2,020, % 2.200% 08/01/2037 2,120, % 2.240% 08/01/2041T 6,780, % 2.600% 08/01/2046T 10,115, % 2.660% $45,525, Call Option: Bonds maturing on 08/01/2027 to 08/01/2037 and term bonds maturing on 08/01/2041 and 08/01/2046 callable in whole or in part on any date beginning par. Term Call: Term bonds maturing on 08/01/2041: 08/01/2038 $1,595,000 08/01/2039 $1,660,000 08/01/2040 $1,730,000 08/01/2041 $1,795,000 $6,780,000 Term bonds maturing on 08/01/2046: 08/01/2042 $1,870,000 08/01/2043 $1,940,000 08/01/2044 $2,020,000 08/01/2045 $2,100,000 08/01/2046 $2,185,000 $10,115,000 U/L Tax Sch Bldg Bds Ser 2016 Tax Treatment: Tax Exempt Original Issue Amount $23,360, Dated Date: 12/01/2016 Sale Date: 11/29/2016 Delivery Date: 12/27/2016 NIC: % 1st Coupon Date: 02/01/2017 Bond Counsel: McCall, Parkhurst & Horton L.L.P., Dallas, TX

6 Collin County Page 6 of 10 Financial Advisor: SAMCO Capital Markets, Inc., Plano, TX Lead Manager: Raymond James Co-Manager: Hilltop Securities Inc. Co-Manager: Wells Fargo Securities Underwriter's Counsel: Norton Rose Fulbright US LLP, San Antonio, TX Use of Proceeds: School Bldg & Buses. 08/01/ , % 1.340% 08/01/ , % 1.600% 08/01/ , % 1.830% 08/01/ , % 2.060% 08/01/ , % 2.190% 08/01/ , % 2.320% 08/01/ , % 2.490% 08/01/ , % 2.640% 08/01/ , % 2.760% 08/01/ , % 2.930% 08/01/ , % 3.090% 08/01/ , % 3.230% 08/01/ , % 3.350% 08/01/ , % 3.450% 08/01/ , % 3.540% 08/01/ , % 3.590% 08/01/2037T 3,395, % 3.320% 08/01/2041T 4,405, % 3.470% 08/01/2046T 6,735, % 4.030% $23,360, Call Option: Bonds maturing on 08/01/2027 to 08/01/2033 and term bonds maturing on 08/01/2037 and 08/01/2041 and 08/01/2046 callable in whole or in part on any date beginning par. Term Call: Term bonds maturing on 08/01/2037 subject to mandatory redemption as follows: Redemption Date Principal Amount 08/01/2034 $775,000 08/01/2035 $820,000 08/01/2036 $880,000 08/01/2037 $920,000 $3,395,000 Term bonds maturing on 08/01/2041 subject to mandatory redemption as follows: Redemption Date Principal Amount 08/01/2038 $1,020,000 08/01/2039 $1,075,000 08/01/2040 $1,125,000 08/01/2041 $1,185,000 $4,405,000 Term bonds maturing on 08/01/2046 subject to mandatory redemption as follows: Redemption Date Principal Amount 08/01/2042 $1,240,000 08/01/2043 $1,295,000 08/01/2044 $1,345,000 08/01/2045 $1,400,000 08/01/2046 $1,455,000 $6,735,000 U/L Tax Ref Bds Ser 2017 Original Issue Amount $4,790, Dated Date: 08/01/2017 Sale Date: 08/01/2017 Delivery Date: 08/31/2017 Sale Type: Competitive TIC: % 1st Coupon Date: 02/01/2018 Bond Counsel: McCall, Parkhurst & Horton L.L.P., Dallas, TX Financial Advisor: SAMCO Capital Markets, Inc., Plano, TX Lead Manager: Citigroup Global Markets Inc. Co-Manager: Cantor Fitzgerald & Co. Co-Manager: Piper Jaffray & Co. Use of Proceeds: Refunding. Refunding Notes: This bond refunded maturities from the following issues: U/L Tax Sch Bldg Bds Ser , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/2018 U/L Tax Sch Bldg & Ref Bds Ser , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ , /01/ Par 08/01/ /01/ , % 1.000% 08/01/ , % 1.130% 08/01/ , % 1.150% 08/01/ , % 1.250% 08/01/ , % 1.350% 08/01/ , % 1.450% 08/01/ , % 1.600% 08/01/ , % 1.750% 08/01/ , % 1.900% 08/01/ , % 2.000% 08/01/ , % 2.100% 08/01/ , % 2.250% 08/01/ , % 2.350% 08/01/ , % 2.450% 08/01/ , % 2.550% 08/01/ , % 2.650% 08/01/ , % 2.750% 08/01/ , % 2.900% 08/01/2038T 565, % 3.050% -$4,790, Call Option: Bonds maturing on 08/01/2028 to 08/01/2035 and term bonds maturing on 08/01/2038 callable in whole or in part on any date beginning par. Term Call: Term bonds maturing on 08/01/2038 subject to mandatory redemption as follows: Redemption Date Principal Amount

7 Collin County Page 7 of 10 08/01/2036 $185,000 08/01/2037 $190,000 08/01/2038 $190,000 $565,000 Grand Total ===============> $112,053, Bond Debt Service Period Ending Principal Interest Debt Service /31/17 1,197, ,549, ,747, /31/18 1,400, ,621, ,021, /31/19 1,860, ,493, ,353, /31/20 2,020, ,694, ,714, /31/21 2,305, ,752, ,057, /31/22 2,710, ,340, ,050, /31/23 2,810, ,242, ,052, /31/24 2,920, ,137, ,057, /31/25 3,040, ,014, ,054, /31/26 3,170, ,885, ,055, /31/27 3,305, ,748, ,053, /31/28 3,455, ,600, ,055, /31/29 3,605, ,450, ,055, /31/30 3,750, ,309, ,059, /31/31 3,890, ,162, ,052, /31/32 4,045, ,009, ,054, /31/33 4,205, ,850, ,055, /31/34 4,365, ,685, ,050, /31/35 4,540, ,516, ,056, /31/36 3,235, ,822, ,057, /31/37 4,910, ,146, ,056, /31/38 5,140, ,905, ,045, /31/39 5,440, ,670, ,110, /31/40 5,690, ,416, ,106, /31/41 5,930, ,176, ,106, /31/42 6,180, , ,106, /31/43 6,430, , ,108, /31/44 3,365, , ,785, /31/45 3,500, , ,785, /31/46 3,640, , ,785, ,053, ,660, ,714, ========================================================= COMPUTED ON BASIS OF MANDATORY REDEMPTION CAPITAL APPRECIATION DEBT SERVICE REQUIREMENTS SHOWN ON NON-ACCRETED BASIS. SEE APPENDIX FOR ACCRETION TABLE(S). Debt Amortization Rates % of Principal Period Ending Principal Retired 08/31/2017 1,197, % 08/31/2018 1,400, % 08/31/2019 1,860, % 08/31/2020 2,020, % 08/31/2021 2,305, % 08/31/2022 2,710, % 08/31/2023 2,810, % 08/31/2024 2,920, % 08/31/2025 3,040, % 08/31/2026 3,170, % 08/31/2027 3,305, % 08/31/2028 3,455, % 08/31/2029 3,605, % 08/31/2030 3,750, % 08/31/2031 3,890, % 08/31/2032 4,045, % 08/31/2033 4,205, % 08/31/2034 4,365, % 08/31/2035 4,540, % 08/31/2036 3,235, % 08/31/2037 4,910, % 08/31/2038 5,140, % 08/31/2039 5,440, % 08/31/2040 5,690, % 08/31/2041 5,930, % 08/31/2042 6,180, % 08/31/2043 6,430, % 08/31/2044 3,365, % 08/31/2045 3,500, % 08/31/2046 3,640, % DEBT SERVICE FUND MANAGEMENT INDEX G.O. Debt Service Requirements for fiscal year-ending 08/31/2017 $5,747,459 I&S Fds all G.O. issues 08/31/2016 $592, I&S Fund Tax 90%* 3,701,105 Tier III 458,697 IFA 210,310 Set aside from 2016 bond proceeds 588,039 * The tax levy collection percentage would have to be 95 % to meet debt service requirements. OPERATING STATEMENT STATEMENT OF NET POSITION Governmental Governmental Activities Activities 08/31/ /31/2015 ASSETS Current Assets $46,303,604 $8,539,447 Capital Assets $56,129,804 $53,576, Total Assets $102,433,408 $62,115,963 DEFERRED OUTFLOWS $2,253,456 $464,100 LIABILITIES Current Liabilities $1,233,892 $937,152 Current Long Term Liabilities $1,197,882 $1,345,365 Long Term Liabilities $102,009,409 $60,332, Total Liabilities $104,441,183 $62,615,308 DEFERRED INFLOWS $263,053 $404,371 NET POSITION Invested in Capital Asset ($5,214,102) ($5,122,309) Restricted $848,389 $259,886 Unrestricted $4,348,341 $4,422, Total Net Position ($17,372) ($439,616) AUTHORIZED BUT UNISSUED GENERAL OBLIGATION BONDS AUTHORIZED BUT UNISSUED Election Amount Issued

8 Collin County Page 8 of 10 Date Purpose Authorized To Date Unissued 05/07/16 School Bldg & Buses $150,000,000 $35,740,000 $114,260,000 PENSION FUND LIABILITY The District participates in a cost-sharing multi-employer defined benefit pension that has a special funding situation. The plan is administered by the Teacher Retirement System of Texas ("TRS"). TRS's defined benefit pension plan is established and administered in accordance with the Texas Constitution, Article XVI, Section 67 and Texas Government Code, Title 8, Subtitle C. The pension trust fund is a qualified pension trust under Section 401(a) of the Internal Revenue Code. The Texas Legislature establishes benefits and contribution rates within the guidelines of the Texas Constitution. The pension's Board of Trustees does not have the authority to establish or amend benefit terms. All employees of public, state-supported educational institutions in Texas who are employed for one-half or more of the standard work load and who are not exempted from membership under Texas Government Code, Title 8, Section are covered by the system. Detailed information about the Teacher Retirement System's fiduciary net position is available in a separately-issued Comprehensive Annual Financial Report that includes financial statements and required supplementary information. That report may be obtained on the Internet at Contribution requirements are established or amended pursuant to Article 16, section 67 of the Texas Constitution which requires the Texas legislature to establish a member contribution rate of not less than 6% of the member's annual compensation and a state contribution rate of not less than 6% and not more than 10% of the aggregate annual compensation paid to members of the system during the fiscal year. Employee contribution rates are set in state statute, Texas Government Code Senate Bill 1458 of the 83rd Texas Legislature amended Texas Government Code for member contributions and established employee contribution rates for fiscal years 2014 thru The 83rd Texas Legislature, General Appropriations Act (GAA) established the employer contribution rates for fiscal years 2014 and The 84th Texas Legislature, General Appropriations Act (GAA) established the employer contribution rates for fiscal years 2016 and Contribution Rates Plan Fiscal Year Member 7.2% 6.7% Employer 6.8% 6.8% Reporting Year* Net Pension Liability Beginning of Year $1,321,893 $1,622,242 Additional Contributions $0 $933 Total Pension Expense $747,263 $122,186 Total Deferred Outflows $2,025,883 $106,369 Total Deferred Inflows $262,764 $404,371 This Year's Contributions $296,206 $125,466 Net Pension Liability End of Year $3,536,069 $1,321,893 Contributions Required and Made 2016 Member (Employee) $928,221 Contributing Agency (State) $569, Employer $442,127 For the year ended August 31, 2016, the District recognized pension expense of $967,698 and revenue of $967,698 for support provided by the State. District's Proportion of the Net Pension % % Liability District's Proportion Share $3,536,069 $1,321,893 of the Net Pension Liability State's Proportion Share $6,791,628 $5,464,793 of the District's Net Pension Liability Total $10,327,697 $6,786,686 District's Covered-Employee Payroll $10,731,867 $9,378,090 District's Proportionate Share of 32.95% 14.10% the Net Pension Liability as a Percentage of its Covered - Employee Payroll TRS net position as a percentage of the 78.43% 83.25% total pension liability Plan's net pension liability as a 96.23% 72.37% percentage of covered - employee payroll Contractually Required $442,127 $357,731 Contributions Contributions in Relation to the ($442,127) ($357,731) Contractual Required Contributions Contributions Deficiency $0 $0 (Excess) District's Covered Employee $12,891,946 $10,731,867 Payroll Contributions as a 3.43% 3.33% Percentage of Covered Employee Payroll * Based on measurement period of the previous fiscal year. Source: Melissa ISD 08/31/2016 Audit. NON FUNDED DEBT NON-FUNDED DEBT PAYABLE (As of August 31, 2016) The District reports additional debt in the principal amount of $3,536,069 under Govt Activities as follows: Amount Reported Outstanding Under Pension Liability* $3,536,069 Govt Activities * See PENSION FUND LIABILITY section for details of this obligation. OVERLAPPING DEBT ESTIMATED OVERLAPPING DEBT STATEMENT Taxing Body Debt Amount As Of %Ovlpg Ovlpg Amt Collin Co $370,146,531 06/01/ $2,628,040 Collin Co CCD 14,510,235 12/31/ ,023 McKinney, City of 260,598,631 09/30/ ,120 Melissa, City of 21,713,590 09/01/ ,713, Total Overlapping Debt: $24,496,773 Melissa ISD 08/31/16 $111,460, Total Direct and Overlapping Debt: $135,957,442 Total Direct and Overlapping Debt % of A.V.: 13.46% Total Direct and Overlapping Debt per Capita: $11, ECONOMIC BACKGROUND

9 Collin County Page 9 of 10 TEXAS PUBLIC SCHOOL FINANCE SYSTEM For information on the Texas Public School Finance System, visit the Publications area of the MAC website at ECONOMIC BACKGROUND Melissa ISD, located in Collin County, is an agricultural area that includes the City of Melissa, a local retail center located approximately 45 miles north of Dallas. A small portion of the District extends into the City of McKinney. The City of Melissa's 2010 census was 4,695, a % increase since The City of McKinney's 2010 census was 131,117, increasing % since Access to the District is provided by US Highway 75 and FM 121. COUNTY CHARACTERISTICS: Collin County was created in 1846 from Fannin County. Many residents commute to jobs in Dallas, Garland, and Richardson. Popular recreational attractions include water sports on Lake Lavon, the McKinney Historical District, and the South Fork Ranch of the "Dallas" television series. COUNTY SEAT: McKinney 2010 census: 782,341 increasing 59.1 % since census: 491,675 increasing 86.2 % since census: 264,036 ECONOMIC BASE Mineral: Insignificant. Industry: wholesale center, retail/service, manufacturing plants and government. Agricultural: wheat, nurseries, hay, grain sorghum, corn and cattle. RETAIL SALES & EFFECTIVE BUYING INCOME (The Nielsen Company) Year Retail Sales $16.8B $15.9B $14.9B Effective Buying Income (EBI) $30.0B $29.1B $28.0B County Median Household Income $70,703 $71,329 $69,767 State Median Household Income $55,352 $53,037 $50,464 % of Households with EBI below $25K 5.9 % 5.8 % 6.3 % % of Households with EBI above $25K 70.3 % 70.8 % 70.6 % Utility Contractor Bee Builders Supply 60 Wood Molding Alpha Industries 43 Fabricated Structural Steel McKinney Lumber 40 Lumber Company Sonic 35 Restaurant Stock Supply 20 Lumber Company (a) Source: Official Statement dated November 29, TOP TAXPAYERS Principal Taxpayers 2017 A.V. % of A.V. 1. Bloomfield Homes LP $7,786, % Homebuilder 2. McKinney Partners 306 LP 6,323, % Development 3. Oncor Electric Delivery Company 6,168, % Electric Utility 4. Hillwood RLD LP 5,953, % Real Estate 5. L109 McKinney Investments Ltd. 4,287, % Investments 6. D. R. Horton - Texas Ltd. 3,242, % Homebuilder 7. K Hovnanian Homes - DFW LLC 2,993, % Homebuilder 8. Steel Fab Texas Inc. 2,915, % Steel Fabrication 9. First National Bank of Trenton 2,864, % Bank 10. Alice Marie LLC 2,794, % Real Estate Total: $45,330, % EMPLOYMENT DATA (Texas Workforce Commission) Employed Earnings Employed Earnings Employed Earnings 1st Q: 390,333 $6.7B 373,704 $6.2B 355,757 $5.8B 2nd Q: N/A N/A 379,659 $5.7B 364,508 $5.4B 3rd Q: N/A N/A 380,256 $5.9B 365,028 $5.3B 4th Q: N/A N/A 388,057 $6.2B 373,295 $5.9B MAJOR COLLEGES AND UNIVERSITIES: Collin County Community College COLLEGES AND UNIVERSITIES Year Total Fall Enrollment , , , , , , , , ,732 TOP EMPLOYERS Major Employers(a) # Employees Melissa ISD 317 Education Calhar 105 FINANCE CONNECTED OFFICIALS Board President George James 1904 Cooper Melissa, TX Phone: Fax: george.james@melissaisd.org Superintendent of Schools Keith Murphy 1904 Cooper Melissa, TX Phone: Ext: 4101 Fax: keith.murphy@melissaisd.org Business Manager Matt Cooper 1904 Cooper Melissa, TX Phone: Ext: 4113 Fax: mattcooper@melissaisd.org Tax Assessor/Collector Kenneth L. Maun

10 Collin County Tax Office 2300 Bloomdale Rd. Suite 2324 McKinney, TX Phone: Fax: Chief Appraiser Bo Daffin Collin County Appraisal District 250 Eldorado Pkwy. McKinney, TX Phone: Fax: WM Melissa ISD Collin County Page 10 of 10