RULE 15c2-12FILING COVER SHEET

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1 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 applicable State Information Depository pursuant to Securities and Exchange Commission (SEC) Rule 15c2-12 or any analogous state statute. Issuer Name: Dallas County Community College District Issue(s): $ 25,275,000 Revenue Financing System Refunding Bonds Series 2006 Filing Format X electronic paper; If available on the Internet, give URL: CUSIP Numbers to which the information filed relates (optional): X Nine-digit number(s) (see following page(s)): Six-digit number if information filed relates to all securities of the issuer * * * Financial & Operating Data Disclosure Information X Annual Financial Report or CAFR X Financial Information & Operating Data Other (describe) X Fiscal Period Covered: FYE 2013 Monthly Quarterly X Annual Other: * * * I hereby represent that I am authorized by the issuer or its agent to distribute this information publicly: Signature: Name: John Robertson Title:Associate Vice Chancellor of Business Affairs Employer: Dallas County Community College District Voice Telephone Number: (972) Address: jrobertson@dcccd.edu

2 DESCRIPTION OF ISSUES COVERED BY THIS REPORT Revenue Financing System Refunding Bonds Series 2006 Date Principal CUSIP 02/15/15 $ 2,175, CT8 02/15/16 2,265, CU5 02/15/17 2,360, CV3 02/15/18 2,470, CW1 02/15/19 2,575, CX9 02/15/20 2,685, CY7 02/15/21 2,805, CZ4 $ 17,335,000

3 ONTINUING ISCLOSURE EPORT OR HE ISCAL EAR NDED UGUST REVENUE FINANCING SYSTEM DEBT

4 FINANCIAL STATEMENTS The audited financial statements for the District for the fiscal year ended August 31, 2013 are being separately filed directly with the Nationally Recognized Municipal Securities Information Repository and any applicable State Information Depository, and are hereby incorporated by reference into this Annual Continuing Disclosure Report. SIGNATURE OF ISSUER The information set forth herein has been obtained from the District and other sources believed to be reliable, but such information is not guaranteed as to accuracy or completeness and is not to be construed as a promise or guarantee. This Annual Continuing Disclosure Report may contain, in part, estimates and matters of opinion which are not intended as statements of fact, and no representation is made as to the correctness of such estimates and opinions, or that they will be realized. The information and expressions of opinion contained herein are subject to change without notice, and the delivery of this Annual Continuing Disclosure Report will not, under any circumstances, create any implication that there has been no change in the affairs of the District or other matters described. DALLAS COUNTY COMMUNITY COLLEGE DISTRICT John Robertson Associate Vice Chancellor of Business Affairs Approved for Submission: Date

5 CERTIFICATE OF SUBMISSION OF ANNUAL REPORT Subject to the continuing disclosure requirements of SEC Rule 15c2-12, this Annual Continuing Disclosure Report for the Dallas County Community College District with respect to the issues listed on the report cover was submitted directly to the National Recognized Municipal Securities Information Repository ( NRMSIR ) listed below as well as to any applicable State Information Depository ( SID ). NRMSIR Municipal Securities Rulemaking Board ("MSRB") via the Electronic Municipal Market Access ("EMMA") system First Southwest Company Signed by: /s/ Brandon Scott

6 DALLAS COUNTY COMMUNITY COLLEGE DISTRICT 2014 REVENUE FINANCING SYSTEM DEBT REPORT TABLE 1 TAXABLE ASSESSED VALUATION AND COLLECTION PERCENTAGES Assessed % Current Total Assessed Valuation and Fiscal Assessed Valuation Personal % Current Delinquent Year Valuation (1) Real Property (1) Property (1) Tax Levy Collections Collections 2004/05 $ 134,404,944,574 $ 108,898,661,794 $ 25,506,282,780 $ 107,927, % % 2005/06 140,647,666, ,033,821,569 25,613,844, ,957, % % 2006/07 151,810,313, ,817,896,501 25,992,417, ,162, % % 2007/08 167,951,236, ,627,658,261 28,323,578, ,224, % % 2008/09 177,508,750, ,337,846,268 30,170,904, ,942, % % 2009/10 172,435,849, ,723,653,788 30,712,195, ,869, % % 2010/11 165,064,373, ,687,902,646 28,376,470, ,180, % % 2011/12 162,568,152, ,614,941,565 28,953,211, ,373, % % 2012/13 165,753,318, ,022,648,766 30,730,669, ,119, % 99.94% 2013/14 172,924,117, ,515,216,947 31,408,900, ,468,493 In The Process of Collection (1) Certified Tax Roll Values. Source: District Office of Business Affairs. OPERATING FUND Operating Fund Collections Fiscal Tax Current Delinquent Penalty Year Rate Revenue Taxes & Interest 2007/08 $ $ 123,592,226 $ 1,712,159 $ 2,088, / ,886,372 2,031,370 2,074, / ,255, ,716 2,164, / ,386, ,283 2,085, / ,723, ,323 1,841, / ,035,630 1,505,375 1,789, / ,222,660 N/A N/A 1

7 DEBT SERVICE FUND (1) Debt Service Fund Collections Fiscal Tax Current Delinquent Penalty Year Rate Revenue Taxes & Interest 2007/08 $ $ 7,431,482 $ 52,398 $ / ,337, , / ,988, , / ,902,425 41, / ,734, , / ,904, / ,644,266 N/A N/A (1) Includes transfer of maintenance and operations taxes for the tax note debt service. Sources: District Office of Business Affairs. 2

8 TABLE 2 STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS Fiscal Years Ending August 31, (1) Operating Revenues: Tuition and Charges Credit (net of discounts) $ 52,558,276 $ 50,360,931 $ 53,082,839 $ 52,184,889 $ 50,909,360 Non-Credit (net of discounts) 5,777,243 6,123,362 7,238,083 8,494,864 9,008,297 Other Sources: Federal Grants and Contracts 15,671,391 15,696,087 20,307,272 21,675,227 18,842,353 State Grants and Contracts 8,577,835 7,913,679 6,680,684 7,733,013 7,236,934 Non-governmental Grants and Contracts 1,839,443 1,355,625 4,546,919 2,832,108 2,318,137 Sales and Services of Educational Activities 606, , , , ,939 Auxiliary Enterprises -Other Services 4,520,913 5,072,071 5,163,347 5,408,863 5,576,146 Miscellaneous 1,501,922 1,858,210 1,901,831 2,240,074 1,642,434 Total Revenues $ 91,053,566 $ 88,854,233 $ 99,447,554 $ 101,196,046 $ 96,042,600 Operating Expenses Instruction 164,004, ,710, ,328, ,769, ,414,206 Public Service 12,392,471 11,122,463 12,191,195 13,502,908 13,954,101 Academic Support 18,153,947 16,480,410 19,988,006 20,064,645 19,363,342 Student Services 37,959,461 35,092,447 37,616,047 38,353,725 35,150,464 Institutional Support 67,357,381 61,815,128 69,729,069 72,466,072 67,196,381 Operation and Maintenance of Plant 33,201,432 33,104,936 38,843,816 38,718,617 32,999,568 Scholarships and Fellowships 68,820,441 71,173,456 72,414,788 61,103,659 33,143,575 Auxiliary Enterprises 8,399,456 8,770,977 10,216,128 10,389,098 9,538,990 Depreciation 29,337,838 26,166,959 25,982,044 22,986,128 18,530,152 Total Expenses 439,626, ,437, ,309, ,354, ,290,779 Operating Loss (348,573,276) (328,582,899) (355,862,263) (338,158,396) (284,248,179) Non-operating Revenues(Expenses) State Funds General Academic 53,297,890 59,309,479 53,536,217 55,787,977 57,857,465 Vocational/Technical 35,531,929 30,621,453 35,941,938 37,310,862 31,640,740 State Group Insurance 9,760,108 9,258,438 15,042,227 15,552,849 15,930,773 State Retirement Matching 5,753,262 5,508,443 10,116,107 10,124,917 9,813,928 Other 4,687,192 4,570,180 4,736,684 4,527,324 4,171,808 Taxes for Current Operations 190,553, ,741, ,309, ,137, ,057,043 Federal Revenue Non-operating 90,602,218 90,499,349 87,927,083 74,418,624 40,457,843 Private Gifts 114, , ,556 83, ,475 Interest Income (4,051,823) 1,920,893 3,943,390 7,384,454 8,343,123 Gain on Sale of Investment 59,287-6, ,269 Contribution in Aid of Construction 242, ,157 Interest on Capital Related Debt (16,123,604) (16,862,201) (18,094,031) (16,507,721) (13,907,095) Loss on Disposal of Fixed assets (58,468) 49,489 (35,292) (1,040,680) (270,547) Accrual for Legal Expense Other Non-Operating Revenue 1,049, ,280 1,362,919 1,571,370 49,897 Other Non-Operating Expense (1,167,115) (740,596) (414,450) (419,536) (375,689) Total Net Non-Operating Revenues 370,250, ,593, ,527, ,931, ,777,190 Increase (Decrease) in Net Assets 21,677,058 13,010,348 (3,334,820) 9,772,747 23,529,011 Net Assets at Beginning of Year 469,928, ,918, ,252, ,480, ,951,091 Net Assets at End of Year $ 491,605,435 $ 469,928,377 $ 456,918,029 $ 460,252,849 $ 450,480,102 (1) Reclassifications have been made for conformance with Fiscal 2009 presentation for Title IV scholarships to be reported as non-operating per new guidance from GASB. 3

9 TABLE 3 UNRESTRICTED AND DISCRETIONARY FUND BALANCE TO UNRESTRICTED AND AUXILIARY FUND EXPENDITURES Fiscal Years Ending August 31, (1) 2014 (2) Total Unrestricted Fund Balance $ 136,344,631 $ 125,255,503 $ 133,260,992 $ 137,709,164 $ 116,973,716 Total Auxiliary Fund Balance 20,289,531 19,648,019 19,989,970 19,794,380 18,046,636 Total Combined Fund Balances $ 156,634,162 $ 144,903,522 $ 153,250,962 $ 157,503,544 $ 135,020,352 Unrestricted & Aux Funds Exp. $ 320,448,773 $ 323,647,069 $ 304,440,199 $ 326,400,253 $ 366,819,441 Mandatory Transfers 7,293,198 7,591,997 7,422,511 7,865,460 7,973,032 Unrestricted & Aux Funds Exp. $ 327,741,971 $ 331,239,066 $ 311,862,710 $ 334,265,713 $ 374,792,473 Ratio of Fund Balance to Expenditures 47.79% 43.75% 49.14% 47.12% 36.03% Number of Months Coverage (1) Restated. (2) Budgeted. TABLE 4 HISTORICAL AND CURRENT SCHEDULE OF PLEDGED REVENUES (IN 000 S) Fiscal Years Ending August 31, Description (3) Revenues Pledged to Bonds General Fees $ 906 $ 907 $ 869 $ 914 Pledged Tuition - Credit 2,641 2,738 2,815 22,442 Pledged Tuition - Non-Credit 15,301 12,529 12,284 12,182 Bookstore & Food Service Revenues (1) 2,522 2,269 2,209 2,062 Vending Revenues Lease Revenues (2) General Operating Fund Interest Earnings 3,938 2,538 1,693 2,194 Pledged Revenues Available for the Bonds: $ 26,156 $ 21,749 $ 20,572 $ 40,576 Pro forma Debt Service coverage Ratio: 7.0X Based Upon Average Annual Debt Service of $2,295,000 (1) The District leases its bookstore and food service operations. Under the terms of the lease agreements the District receives commissions based upon a percentage of gross sales. (2) The District has entered into a long-term agreement with the Las Colinas Corporation which will operate a golf course on District land located in the Las Colinas area (between Dallas and the DFW Airport). The revenue shown is the actual contractual lease payments to the District. (3) Restated. 4

10 TABLE 5 REVENUE DEBT SERVICE REQUIREMENTS Fiscal 2006 Series Year Total End 8/31 Principal Interest Requirements 2014 $ 2,090,000 $ 817,633 2,907, ,175, ,458 2,896, ,265, ,783 2,886, ,360, ,483 2,877, ,470, ,733 2,866, ,575, ,483 2,858, ,685, ,598 2,860, ,805,000 59,606 2,864,606 Total $ 19,425,000 $ 3,593,774 $ 23,018,774 TABLE 6 CREDIT HEADCOUNT ENROLLMENT BY SEMESTER (1) Fiscal Year Summer Session Ending 8/31 Fall Spring First Second ,874 65,171 33,529 20, ,327 72,404 37,290 23, ,650 73,539 37,782 21, ,342 70,437 33,619 20, ,984 70,186 43, ,467 N/A N/A (2) (1) Source: District Student Statistics reports as end of term. (2) The two summer terms were combined for reporting purposes. TABLE 7 SEMESTER HOURS REGISTERED FOR CREDIT CLASSES (1) Fiscal Year Summer Session Ending 8/31 Fall Spring First Second , , ,896 77, , , ,476 95, , , ,684 82, , , ,826 80, , , , ,619 N/A N/A (2) (1) Source: District Student Statistics reports as end of term. (2) The two summer terms were combined for reporting purposes. 5

11 TABLE 8 CREDIT HEADCOUNT ENROLLMENT FOR FALL SEMESTERS END OF TERM (1) Fall Fall Fall Fall Fall Headcount Total 71,327 74,650 77,342 74,984 73,467 Full-time Students 20,313 20,983 21,179 19,522 18,241 Part-time Students 51,014 53,667 56,163 55,462 55,226 Full-time Equivalents 39,353 41,355 43,369 41,579 40,308 Residence Status Dallas County 56,733 60,004 62,563 61,023 59,991 Other Texas Counties 9,648 9,907 9,919 9,451 9,263 Outside Texas 1,344 1,358 1,720 1,704 1,689 Foreign 3,601 3,381 3,140 2,806 2,523 (1) Source: District Student Statistics reports as of end of term. 6

12 TABLE 9 ENROLLMENT CONTACT HOURS (1) CREDIT AND NON-CREDIT REIMBURSABLE PROGRAMS Program Area Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Ending Ending Ending Ending Ending Hours Hours Hours Hours Hours General Academic Programs: Agriculture 14,784 19, ,880 48,720 66,816 Architecture & Precision Production Trades Biology, Physical Sciences & Science Technologies 2,999,632 3,307,824 3,325,760 3,360,740 3,370,336 Business Management, Marketing, & Administrative Services 733, , , , ,088 Communications 79,488 91,152 80,352 70,928 69,392 Computer & Information Sciences 680, , ,128 1,009, ,896 Physical Education & Fitness 626, , , , ,632 Engineering 20,816 23,120 25,952 28,848 40,944 Visual & Performing Arts 1,423,872 1,562,806 1,574,408 1,569,240 1,545,808 Foreign Languages 606, , , , ,148 Health Occupations 27,696 33,312 46,112 57,792 72,384 Consumer & Homemaking Education 250, , , , ,568 Interdisciplinary 4,752,134 5,572,602 5,558,224 5,378,354 5,055,396 Mathematics 2,717,328 3,018,992 3,182,144 3,183,650 3,182,696 Psychology, Social Sciences & History 4,311,342 4,961,232 5,023,776 4,910,416 4,927,936 Total General Academic 19,244,696 21,603,568 22,437,580 21,888,832 21,398,424 Vocational/Technical Agricultural Education 68,076 31,906 53,066 26,946 25,957 Consumer & Homemaking Education 406, , , , ,612 Business Management, Marketing & Administrative Services 1,886,767 2,336,571 1,968,187 1,939,461 1,863,596 Industrial Education 1,713,410 1,159,042 1,547, ,671 1,629,170 Health Occupations 1,890,700 1,782,959 1,776,509 1,754,590 1,710,736 Technical Education 393, , ,397 1,592, ,964 Computer & Information Sciences 1,062,266 1,148,642 1,045,909 1,124,776 1,093,710 Biology, Physical Science & Science Technologies 440, , , , ,544 Communications 1,074,532 1,202, , , ,664 Interdisciplinary 10, ,969 15,167 28,844 16,548 Mathematics 18,933 15,817 13,362 12,516 13,840 Visual & Performing Arts 272, , , , ,503 Psychology, Social Services & History 15,808 21,838 94, ,602 94,920 Foreign Languages 29,523 20,664 14,882 15,880 13,482 Total Vocational/Technical 9,283,718 10,360,435 9,416,113 9,176,386 8,959,246 GRAND TOTAL Credit and Non-Credit Contact Hours 28,528,414 31,964,003 31,853,693 31,065,218 30,357,670 (1) A Contact Hour is defined as one student in a classroom or laboratory situation for one hour. 7

13 TABLE 10 TUITION RATES AS OF SPRING 2013 Tuition Semester In-District Out-of-District Out-of-State/ Foreign Hours Tuition Tuition Country Tuition Student 1 $ 52 $ 97 $ 200 $ ,071 1, ,224 1, ,377 1, ,530 1, ,067 1,683 1, ,164 1,836 1, ,261 1,989 1, ,358 2,142 2, ,455 2,295 2, ,552 2,448 2, ,649 2,601 2, ,746 2,754 2, ,843 2,907 2, ,040 1,940 3,060 3,060 TABLE 11 AVERAGE ATTENDANCE COSTS Summer 2012* Fall 2012* Summer 2013* Fall 2013* (6 hours) (15 hours) (6 hours) (15 hours) Tuition $ 270 $ 675 $ 312 $ 780 Books (Estimated) Total $ 410 $ 1,225 $ 562 $ 1,430 * Based on new tuition schedule effective Spring TABLE 12 IN DISTRICT TUITION AND FEE COSTS Semester Fiscal Years Ended August 31, Hours 2008/09 % Inc. 2009/10 % Inc 2010/11 % Inc 2011/12 % Inc 2012/13 % Inc 3 $ % $ % $ % $ % $ % % % % % % % % % % % % % % % % % % % % % % % % % % 8

14 TABLE 13 CURRENT INVESTMENTS As of August 31, 2013, the District s funds available for investment were invested in the following categories: Type of Security Portfolio % Fair Value U.S. Agency Notes & Bonds 92.76% $ 233,649,222 TexPool 1.29% 3,252,332 TexSTAR 4.94% 12,455,289 LOGIC 1.01% 2,541,056 Portfolio Total % $ 251,897,899 9

RULE 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