College Station Independent School District. Budget. for the Fiscal Year

Transcription

1 College Station ndependent School District Budget for the Fiscal Year Adopted by the CSSD School Board August 21, 218

2 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT BOARD OF SCHOOL TRUSTEES Mr. Jeff Harris, President Ms. Carol Barrett, Vice President Mr. Mike Nugent, Secretary Mr. Michael Schaefer, Trustee Dr. Michael Wesson, Trustee Mr. Quinn Williams, Trustee Ms. Geralyn Nolan, Trustee SUPERNTENDENT Dr. Clark Ealy Mike Martindale, Deputy Superintendent/CFO Molley Perry, Chief Administrative Officer Dr. Penny Tramel, Chief Academic Officer 2

3 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT BUDGET FOR FSCAL YEAR TABLE OF CONTENTS OVERVEW Budget Overview Page No. 5 OFFCAL BUDGET Combined Budget of Revenues and Appropriations Official Budget REVENUE Sources of Revenue Tax Rate Summary and History mpact of Proposed Tax Levy on Average Residence Comparison of Tax Levy on Various Home Values Certified Tax Roll Comparison APPROPRATONS Appropriations by Object Category- General Fund Appropriations by Functional Category - General Fund 3 31 DEBT REQUREMENTS Debt Service Requirements 33 3

4 OVERVEW 4

5 BUDGET OVERVEW One of the by-products of the budgeting process is the opportunity for the District to communicate to the community, staff and students some of the District's strengths and challenges in an environment that promotes trust. Growth With the completion and opening of a new charter school in College Station for the school year , the District is predicting a decrease in student enrollment and average daily attendance (ADA). This goes against the trend of increasing enrollment over the last 1 years with the projected student ADA to decline to 12,638. ADA for the school year increased over the school year by 2.79 percent. The District experienced an average annual rate of growth in ADA for the five-year period beginning with the school year and ending with the school year of 4.18 percent. The chart below provides a visual depiction of the District's ADA statistics for the past ten years. 13,5 Average Daily Attendance 13, 12,5 12, 11,5 11, 1,5 1, 9,5 9, / / / / / / / ~ 8,5 School Year 5

6 f not for the opening of a charter school, emollment in College Station SD would have increased and is expected to increase again in school year College Station remains a stable community and is a vibrant place where families want to reside. Every effort is made by the District to provide a safe and healthy learning environment that encourages academic, social and emotional success for each student. Property Values The total taxable value of all property within the boundaries of the District continues to increase. The 218 certified tax roll indicates that the freeze adjusted taxable value of property within the District increased by 6.75 percent over the same category in The District has experienced an average rate of increase in freeze adjusted taxable value of8.47 percent over the previous five years. This is a key factor for the District to continue its ability to generate revenues to fund its debt service. Freeze Adjusted Taxable Property Values 1, 9,5 9, 8,5 8, en 7,5 r:::.!2 7, ~ 6,5 6, 5,5 5, 4,5 i... _,..-- _...~ / / ;f y?,/ ~ J Tax Year Legislative Scenario The 85th regular legislative session failed to produce any new revenue by the state to support Texas public school children. With the state's failure to act, the burden to fund public schools continues to shift more and more toward the local taxpayer and a reliance 6

7 on local tax dollars to educate the children of public schools as evidenced by the graph below. Most Funding for Schools Comes from Local Property Tax Collections Local State Source: Legislative Budget Board, does not include federal funds or state grants outside of the Foundation School Program. Future Vision from a Budget Perspective The vision for the current budget development process has been to provide adequate resources to support the success of current students while at the same time placing the District in a financial position so that future growth needs can be met to support the success of future students. Due to the projected decline in student emollment growth as a direct result of the opening of a charter school in the school year, the district does not project a need for an additional bond issue in the next two years for new construction. Prior rapid growth trends saw the need for construction of new facilities. A direct result of this was the successful passage of the $135.9 million bond election in November 215. The District's 3rct intermediate school, Pecan Trail, opened in August 217. The 3rct middle school, Wellborn Middle, opened in August 218 and the loth elementary school, River Bend, is scheduled to open in August 219. Student growth is expected to continue again with the school year. The failure of the 83rct, 84th, and 85th Texas Legislature to reinstate all lost revenues since 211 continues to be monitored by the Board of Trustees and CSSD leadership. Continued inaction on the part of the Legislature in the future could result in reductions in discretionary programs, less individualized student support, larger class sizes, and less than sufficient cost of living increases for current employees. 7

8 Human Resources The proposed budget includes a 1.5% salary increase from the pay grade midpoint for all employees plus salary equity adjustments for some employees which were a result of a review performed by the Texas Association of School Boards (TASB) in fiscal and updated in fiscal The District' s contribution to the employee' s health insurance program will remain the same for school year and remain four ( 4) tiered for a monthly contribution rate of $45/47/435/485 respectively for the four participant levels of employee only, employee plus spouse, employee plus children and employee plus family. The monthly contribution is available to employees regularly scheduled to work 2 or more hours per week. n addition, beginning in fiscal215, CSSD contributes to TRS 1.5% of the state statutory minimum salary (SSMT) for all applicable SSMT employees plus 1.5% of the total salary for all non-ssmt employees. This mandate was funded by the state in fiscal215 only. The law is still in place for the school year and is the fourth year of a state unfunded mandate. The cost to the District is $.8 million, $.9 million, $.9 million, and estimated to be $1. million in fiscal215-16, , , and , respe~tively. The 83rd Texas Legislature approved a.5% increased deduction from each TRS eligible employee' s gross salary for retirement for 3 consecutive years. This increase resulted in an employee deduction of 6.7%, 7.2%, 7.7% for the three years , and respectively for a total of 1.5% increase of pension paid by the employee. Personnel units were added to the District to support the opening of our third middle school, Wellborn Middle. New personnel units were also added to support safety and growth in our special programs. Proposed Tax Rate The proposed total tax rate of $1.372 per one hundred dollars in taxable property valuation is comprised of the following components: Maintenance and Operations Debt Service Total Rate $ $1.372 This proposed tax rate represents 1.86% decrease in the tax rate from 217. This compares to tax rates for the last few years as follows: $ $ $ $1.32 $1.38 $ $1.396 $

9 Acknowledgments We appreciate the continuing support of the College Station ndependent School District Board of Trustees, and the community, for continuing to make resources available to the District to facilitate the success of each student. Our pledge is to be good stewards of the resources entrusted to us as we develop, implement and maintain excellent educational opportunities to meet the unique needs of all students of the College Station ndependent School District. Superintendent a~yl-f&k Debra Parks Director, Business Services 9

10 OFFCAL BUDGET 1

11 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT COMBNED BUDGET OF REVENUES AND APPROPRATONS ALL FUND TYPES FOR THE FSCAL YEAR ENDNG AUGUST 31,219 ESTMATED REVENUES LOCAUNTERMEDATE Property Tax nterest Eamed Child Nutrition Co-Curricular Other Revenues TOTAL LOCAUNTERMED. General Fund $14,634,35 $ $ $ 1,2, $1, 447,5 3,131,25 43, 56,712 2,169,56 16,824,747 3,132,25 447,5 2,169,56 $ $33,47,242 13, 2, 412, 425, 33,67,242 $138,41,277 1,861,5 3,131,25 43, 3,142, ,66,299 STATE SOURCES Available School Fund Foundation School Fund TRS On-Behalf Other State Revenues TOTAL STATE 5,78,342 4,614,952 5,386,956 15,71,25,M,J ~ ~ ~ ~ 3,382,88 ~ ~ ~ ~ 5,78,342 4,614,952 5,386,956 3,382,88 19,93,13 FEDERAL SOURCES National School Lunch/Breakfast Other Federal TOTAL FEDERAL TOTAL ESTMATED REVENUES APPROPRATONS Payroll Costs Contracted Services Chapter 41 Recapture Payment Materials and Supplies Other OperatinQ Costs Debt Service Capital Outlay TOTAL APPROPRATONS!OTHER SOURCES (USES)!EXCESS {DEFCENCY) jest. FUND BALANCE 8/31/218 jest. FUND BALANCE 8/31/219 Ol 1,715,ooo 1,715,ooo 124,249, ,5oo 2,169,56o 425,ooo 33,67,242 97,81,46 2,836, ,569 1,71,56 8,661, ,535 4,5 33, 13,5 14,638,779 4,718,537 7,659,861 3, 12,5 3,136, , ,5 45, 33,362,82 7, 27,426, ,936,738 1,897,68 27,81,5 2,169,56 463,5 33,362,82 ol ol ol ol ol ol {4,686,741)1 (1,73,841)1 {27,363,)1 ol {38,5)1 245,16o 1 34,741, ,758, ,968,ooo 1 1,229,5oo 1 887,5oo 1 8,8o7,ooo 1 $3o,o54,883 1 $684,424 1 $3,6o5,ooo 1 s1,229,5oo 1 $849,ooo 1 $9,o52,16o 1 11,994,853 8,836,798 14,638,779 12,483,898 4,196,357 33,362,82 28,126,681 23,639,449 ol {32,916,923)1 78,391,889 1 $45,474,

12 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT OFFCAL BUDGET FOR FSCAL YEAR General Fund Special Revenue Funds Debt Service Fund Total ESTMATED REVENUES: 57 Local Ad Valorem Property Taxes nterest Earnings Gate Receipts Tuition Child Nutrition Rental Fees Fees Campus Activities Miscellaneous Local $14,634,35 1,2, 43, 24, 14, 17, 199,712 $ 1, 3,131,25 $33,47,242 2, $138,41,277 1,41, 43, 24, 3,131,25 14, 17, 199, Total Local 16,824,747 3, 132,25o 1 33,67, ,564, State Available School Fund Revenue Additional State Aid for Tax Red. Technology Allotment TRS On-Behalf Child Nutrition nstructional Material Allotment 5,78,342 4,614,952 5,386,956 3, 3,352,88 5,78,342 4,614,952 5,386,956 3, 3,352,88 58 Total State 15,71,25 1 3,382,88o 1 ol 19,93, 13o 1 59 Federal National School Lunch/Breakfast Vocational Other Federal 1,715, 3,38,97 3,38,97 1,715, 59 Total Federal 1,715,ooo 1 3,3o8,o97 1 ol 5,23, Total Estimated Revenues 1 $124,249, $9,823,227 1 l$33,67,242 1 $167,68,

13 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT OFFCAL BUDGET FOR FSCAL YEAR Function Code Object Code General Fund Special Revenue Funds Debt Service Fund Total All Funds APPROPRATONS: nstruction: Payroll Costs 61 $65,186,72 $ $ Contracted Services ,751 1,443 Supplies and Materials 63 1,277,885 3,327,561 Other Operating Costs ,546 85,528 Debt Service 65 Capital Outlay 66 89,3 Total nstruction 67,593,184 3,414,531 nstructional Resources and Media Services: 121 Payroll Costs 61 7,265 Contracted Services 62 25,377 Supplies and Materials , ,66 Other Operating Costs 64 7, Debt Service 65 Capital Outlay 66 Total nstructional Resources/Media Serv1ces 882,92 48,914 Curriculum/Staff Dev.: 131 Payroll Costs ,16 Contracted Services 62 35,37 23 Supplies and Materials 63 7,645 3,41 Other Operating Costs 64 42,494 5,486 Debt Service 65 Capital Outlay 66 Total Curriculum/Staff Development 961,669 8,55 nstructional Leadership: 211 Payroll Costs 61 1,723,85 Contracted Services 62 57,775 Supplies and Materials 63 48,271 Other Operating Costs 64 79,21 Debt Service 65 Capital Outlay 66 Total nstructional Leadership 1,99,52 $65,186,72 597,194 4,65, ,74 89,3 71,7,715 7,265 25, ,325 7, , ,16 35,393 73, ,98 97,219 1,723,85 57,775 48,271 79,21 1,99,52 13

14 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT OFFCAL BUDGET FOR FSCAL YEAR Function Code Object Code General Fund Special Revenue Funds Debt Service Fund Total All Funds School Leadership: 231 Payroll Costs 61 $6,692,441 $ $ Contracted Services 62 57,79 Supplies and Materials 63 49,628 21,25 Other Operating Costs 64 64,921 11,61 Debt Service 65 Capital Outlay 66 Total School Leadership 6,864,78 32,851 Guidance and Counseling: 311 Payroll Costs 61 3,796,734 Contracted Services 62 8, Supplies and Materials , Other Operating Costs '12 21 Debt Service 65 Capital Outlay 66 Total Guidance and Counseling 3,969, Social Work Services: 321 Payroll Costs 61 Contracted Services 62 Supplies and Materials 63 Other Operating Costs 64 Debt Service 65 Capital Outlay 66 Total Social Work Services Health Services: 331 Payroll Costs 61 1,253,39 Contracted Services 62 37, Supplies and Materials 63 36, Other Operating Costs 64 8,33 16 Debt Service 65 Capital Outlay 66 Total Health Services 1,65, $6,692,441 57,79 7,878 76,522 6,897,631 3,796,734 8,63 132,94 31,312 3,969,616 1,253,39 37,192 36,979 8,463 1,65,942 14

15 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT OFFCAL BUDGET FOR FSCAL YEAR Function Code Object Code General Fund Special Revenue Funds Debt Service Fund Total All Funds Student Transportation: Payroll Costs Contracted Services Supplies and Materials Other Operating Costs Debt Service Capital Outlay Total Student Transportation 61 $3,372,172 $ $ 62 72, , 64 (257,333) , 3,747,839 $3,372,172 72, 551, (257,333) 1, 3,747,839 Food Services: Payroll Costs Contracted Services Supplies and Materials Other Operating Costs Debt Service Capital Outlay Total Food Services ,836,264 31,525 3,484,723 27,15 6,379,617 2,836,264 31,525 3,484,723 27,15 6,379,617 Co. & Extracurricular Activities: Payroll Costs Contracted Services Supplies and Materials Other Operating Costs Debt Service Capital Outlay Total Co. & Extracurricular Activities ,822, , , ,335 1,328,57 12,867 5,269,48 35,59 2,822, , ,224 1,449,374 5,574,467 General Administration: 411 Payroll Costs Contracted Services Supplies and Materials Other Operating Costs Debt Service Capital Outlay Total General Administration ,512, ,389 97,1 4, ,287 6,353 3,384,582 11,135 2,512, ,389 11, ,64 3,395,717 15

16 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT OFFCAL BUDGET FOR FSCAL YEAR Function Code Object Code General Fund Special Revenue Funds Debt Service Fund Total All Funds Plant Maintenance: 511 Payroll Costs 61 $6,4,734 $ $ Contracted Services 62 4,424,364 9,18 Supplies and Materials ,875 Other Operating Costs ,41 55 Debt Service 65 Capital Outlay ,855 Total Plant Maintenance 12,929,869 9,73 Security and Monitoring: 521 Payroll Costs ,433 Contracted Services , Supplies and Materials 63 14,794 Other Operating Costs 64 38,92 Debt Service 65 Capital Outlay 66 Total Security and Monitoring 917, Computer Services: 531 Payroll Costs 61 1,945,51 Contracted Services 62 47,765 Supplies and Materials ,272 55, Other Operating Costs 64 32,54 Debt Service 65 Capital Outlay 66 18,845 Total Computer Services 2,838,923 55, Community Services: 611 Payroll Costs ,2 Contracted Services 62 5,15 Supplies and Materials 63 7,7 36,494 Other Operating Costs 64. 6,647 18,241 Debt Service 65 Capital Outlay 66 Total Community Services 146,517 54,735 $6,4,734 4,514, , , ,855 13,2, , ,494 14,794 38,92 917,623 1,945,51 47, ,272 32,54 18,845 3,388, ,2 5,15 44,194 24,888 21,252 16

17 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT OFFCAL BUDGET FOR FSCAL YEAR Function Code Object Code General Fund Special Revenue Funds Debt Service Fund Total All Funds Debt Service: Payroll Costs Contracted Services Supplies and Materials Other Operating Costs Debt Service Capital Outlay Total Debt Service $ $ $ 33,362,82 33,362,82 $ 33,362,82 33,362,82 Facilities Acquisition and Construction: 811 Payroll Costs Contracted Services Supplies and Materials Other Operating Costs Debt Service Capital Outlay Total Facilities Acq./Construction Contracted nstructional Services: 911 Payroll Costs Contracted Services Supplies and Materials Other Operating Costs Debt Service Capital Outlay Total Contracted nstructional Services ,638,779 14,638,779 14,638,779 14,638,779 ncremental Costs Chapter 36: 921 Payroll Costs Contracted Services Supplies and Materials Other Operating Costs Debt Service Capital Outlay Total ncremental Costs Chapter

18 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT OFFCAL BUDGET FOR FSCAL YEAR Function Code Object Code General Fund Special Revenue Funds Debt Service Fund Total All Funds Payments to Fiscal Agent: Other Operating Costs Total Payments to Fiscal Agent Payments to Other School Districts: 941 Contracted Services '-:6:-::2-=-oo=->1 Total Payments to Other School Districts. ~ ~ ~1~ ~~1 Payments to Juvenile Justice Programs: 951 Contracted Services _, :-1::-:., ::-::-l 7 Total Payments to Juvenile Justice Programs 1, Payments to Charter Schools: 961 Contracted Services 6211 Payments to Charter Schools ~ ~ ~ ==~~~===~~ Payments to Tax ncrement Fund: 971 Other Operating Costs 6411 Payments to Tax ncrement Fund Payments to Tax ~ ~ =---~~ 1~ =--~~ ~---1 -~~ County Appraisal District: ,,-.,...--., , ,--:--:--::-::-:::-::-::,.-, Other Operating Costs 621 1,162, ~----= --ll ~----=--l Payments to County Appraisal District 1,162,... Transfers n Transfers Out Summary: Payroll Costs Contracted Services Supplies and Materials Other Operating Costs Debt Service Capital Outlay Transfers n Transfers Out Total Estimated Appropriations/Transfers ~ ~ ~ ~1~1 ~ $97,81,46 $2,836,264 $ 23,3,42 124,535 4,718,537 7,659,861 3,136, ,48 33,362,82 7, $128,936,738 $1,897,68 $33,362,82 $99,917,724 23,424,577 12,378,398 3,413,17 33,362,82 7, $173,195,888 18

19 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT COMBNNG BUDGET OF REVENUES AND APPROPRATONS SPECAL REVENUE FUNDS FOR THE FSCAL YEAR ENDNG AUGUST 31, 219 Special Revenue Funds Child nstructional Campus Nutrition Material Allotment Activity ESTMATED REVENUES LOCAUNTERMEDATE Property Tax $ $ $ nterest Earned 1, Child Nutrition 3,131,25 Co-Curricular Other Revenues TOTAL LOCAUNTERMED. 3,132,25 STATE SOURCES Available School Fund Technology Allotment TRS On-Behalf Other State Revenues 3, 3,352,88 TOTAL STATE 3, 3,352,88 FEDERAL SOURCES National School Lunch/Breakfast ~ Other Federal TOTAL FEDERAL 3,38,97 ~ ~ TOTAL ESTMATED REVENUES 6,47,3471 3,352,88 1 ol APPROPRATONS Payroll Costs 2,836,264 Contracted Services 121,75 2,83 Chapter 41 Recapture Payment Materials and Supplies 3,484,723 3,352,88 822,258 Other Operating Costs 27, ,753 Debt Service Capital Outlay TOTAL APPROPRATONS 6,47,347 3,352,88 1,73,841!OTHER SOURCES (USES) ol ol ol EXCESS (DEFCENCY) ol ol (1,73,841 ll lest. FUND BALANCE 8/31/ ,7651 1,5oo 1 1,193,ooo 1 lest. FUND BALANCE 8/31/219 $563,7651 s1.5oo 1 $119,1591 Total Special Revenue $ 1, 3,131,25 3,132,25 3,382,88 3,382,88 3,38,97 3,38,97 9,823,2271 2,836, ,535 7,659, ,48 1,897,68 ol (1,73,841)1 1,758,265 1 $684,4241 The Activity Fund budget will be updated with budget amendments as fund raisers occur. 19

20 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT COMBNNG BUDGET OF REVENUES AND APPROPRATONS CAPTAL PROJECTS FUNDS FOR THE FSCAL YEAR ENDNG AUGUST 31, Bond Bond Bond Projects Projects Projects ESTMATED REVENUES LOCAUNTERMEDATE Property Tax $ $ $ nterest Earned 1, 287,5 15, Child Nutrition Co-Curricular Other Revenues TOTAL LOCAUNTERMED. 1, 287,5 15, STATE SOURCES Available School Fund Technology Allotment TRS On-Behalf Other State Revenues TOTAL STATE Total Capital Projects $ 447,5 447,5 FEDERAL SOURCES National School Lunch/Breakfast Other Federal TOTAL FEDERAL gl gl gl TOTAL ESTMATED REVENUESj 1o,ooo 1 287,5oo 1 15o,ooo 1 APPROPRATONS Payroll Costs 375,569 Contracted Services 4,5 Chapter 41 Recapture Payment Materials and Supplies 3, Other Operating Costs 75 Debt Service Capital Outlay 76, 16,916,681 9,75, TOTAL APPROPRATONS 76, 17,3,5 9,75, jother SOURCES (USES) ol oj oj EXCESS (DEFCENCY) (75,)1 (17,o13,ooo) 1 (9,6oo,ooo) 1 jest. FUND BALANCE 8/31/218j 75o.ooo 1 2,618,ooo 1 9,6oo.ooo 1 lest. FUND BALANCE 8/31/219j $o $3,6o5,ooo 1 $o 447,5oo 1 375,569 4,5 3, 75 27,426,681 27,81,5 oj (27,363,)1 3o,968,ooo 1 $3,6o5,ooo 1 2

21 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT COMBNNG BUDGET OF REVENUES AND APPROPRATONS PROPRETARY FUNDS FOR THE FSCAL YEAR ENDNG AUGUST 31,219 Proprietary Funds Kids Community Summer Klub Ed Sports Camps ESTMATED REVENUES LOCAUNTERMEDATE Property Tax $ $ $ TF Payment Child Nutrition Co-Curricular Other Revenues 1,483,82 51,74 175, TOTAL LOCAUNTERMED. 1,483,82 51,74 175, Total Proprietary Funds $ 2,169,56 2,169,56 STATE SOURCES Available School Fund Technology Allotment TRS On-Behalf Other State Revenues TOTAL STATE FEDERAL SOURCES National School Lunch/Breakfast Other Federal TOTAL FEDERAL ~ ~ ~ TOTAL ESTMATED REVENUES 1,483, , ,ooo 1 APPROPRATONS Payroll Costs 1,23,2 348,54 15, Contracted Services 14,3 18,7 Chapter 41 Recapture Payment Materials and Supplies 61, 25, 16,5 Other Operating Costs 25,5 118,5 8,5 Debt Service Capital Outlay TOTAL APPROPRATONS 1,483,82 51,74 175,!OTHER SOURCES ~USES~ ol ol ol EXCESS ~DEFCENCY~ ol ol ol lest. FUND BALANCE 8/31/218 9o8,ooo 1 314,ooo 1 7,5oo 1 lest. FUND BALANCE 8/31/219 $9o8,ooo 1 $314,ooo 1 $7,5oo 1 2,169,56 1 1,71,56 33, 12,5 332,5 2,169,56 ol ol 1,229,5oo 1 $1,229,5oo 1 21

22 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT COMBNNG BUDGET OF REVENUES AND APPROPRATONS NTERNAL SERVCE FUNDS FOR THE FSCAL YEAR ENDNG AUGUST 31,219 ESTMATED REVENUES LOCAL/NTERMEDATE Property Tax TF Payment Ch ild Nutrition Co-Curricular Other Revenues TOTAL LOCALNTERMED. nternal Service Fund 773 Workers Compensation $ 425, 425, Total nternal Service $ $ $ $ $425, 425, STATE SOURCES Available School Fund Technology Allotment TRS On-Behalf Other State Revenues TOTAL STATE FEDERAL SOURCES National School Lunch/Breakfast Other Federal TOTAL FEDERAL TOTAL ESTMATED REVENUES ~ 425,ooo 425,ooo 1 APPROPRATONS Payroll Costs Contracted Services Chapter 41 Recapture Payment Materials and Supplies Other Operating Costs Debt Service Capital Outlay TOTAL APPROPRATONS 13,5 45, 463,5 13,5 45, 463,5 OTHER SOURCES (USES) EXCESS (DEFCENCY) ol (38,5)1 ol (38,5)1 jest. FUND BALANCE 8/31/ ,5oo 1 887,5oo 1 jest. FUND BALANCE 8/31/219 $849,ooo 1 $849,ooo 1 22

23 REVENUE 23

24 College Station ndependent School District Sources of Revenue General Fund Percentage of Total Revenues Percentage of Total Revenues ESTMATED REVENUES: 57 Local Local Property Taxes Gate Receipts Tuition Other Local $14,634,35 43, 24, 1,556, %.35%.17% 1.25% $97,576, % 33,.29% 26,.18% 744,.67% Total Local Sources 16,824, %1 98,856, %1 58 State Available School Fund Foundation School Fund TRS On Behalf Other State 5,78,342 4,614,952 5,386, % 3.71% 4.34%.% 2,483, % 5,259, % 4,729, %.% Total State Sources 15,71, %1 12,472, %1 59 Federal Other Federal 1,715,ooo %1 5oo,ooo 1.45%1 Total Federal Sources 1,715,ooo %1 5oo,ooo 1.45%1 Total Estimated Revenues $124,249, %1 $111,829, %1 24

25 College Station ndependent School District Tax Rate Summary and History ACTUAL TAX RATE COMPARSON Change Rate for Maintenance and Operations Rate for Debt Service Total Tax Rate ROLLBACK RATE COMPARSON Rollback Rate Proposed Rate Calculated Rollback for Maintenance and Operations Calculated Debt Service Tax Rate Total TAX RATE HSTORY

26 College Station ndependent School District mpact of Proposed Tax Levy On Average Residence Last Year This Year %Change Average Market Value of Residences $292,524 $311,351 Average Taxable Value of Residences $265,475 $283,279 Last Year's Rate Versus Proposed Rate Per $1 Value $1.398 $1.372 Taxes Due on Average Residence $3, $3, % 6.765% % 4.722% ncrease (Decrease) in Annual Taxes $ Please note that all residence values did not change from the prior year or change by the average above. The average home value is influenced by the revaluation of existing homes and the value of new homes constructed during the year. The taxable value of an individual home can only be determined by reviewing your appraisal notice or by contacting the Brazos County Appraisal District. 26

27 College Station ndependent School District Comparison of Tax Levy On Various Residence Values At Average ncrease n Home Value (Where Taxpayer is Under 65 Years of Age) Values Appraised Value $5, $85, $1, $15, $2, $25, Homestead Exemption (25,) (25,) (25,) (25,) (25,) (25,) Taxable Value 25, 6, 75, 125, 175, 225, Tax Rate $1.398 $1.398 $1.398 $1.398 $1.398 $1.398 Tax Levy $349.5 $838.8 $1,48.5 $1,747.5 $2,446.5 $3, Values Appraised Value $53,26 $9,45 $16,411 $159,617 $212,823 $266,29 Homestead Exemption (25,) (25,) (25,) (25,) (25,) (25,) Taxable Value 28,26 65,45 81, , , ,29 Proposed Tax Rate $1.372 $1.372 $1.372 $1.372 $1.372 $1.372 Proposed Tax Levy $ $ $1 ' $1, $2, $3,36.92 $ % $ % $ % $13.43 $ % 5.13% Standard exemption amount was increased to $25, from $15, in November 215. For homeowners over age 65, property taxes are frozen at the dollar amount they were in the year the homeowner first became eligible for the over age 65 exemption. n addition to the standard exemption noted above, over age 65 homeowners also receive an additional $5, local and $1, state over age 65 exemption. This means that unless new improvements are added to an over age 65 homestead, taxes will not increase due to revaluation or tax rate increases. The average residence value in the District in 217 was $291,929. Average home value in 218 was $31,646. This represents an increase in the average value of 6.4 percent. 27

28 CERTFED TAX ROLL COMPARSON 218 MARKET FREEZE FREEZE ADJ USTED % CATEGORY LAND MPROVEMENTS OTHER VALUE EXEMPT VALUE TAXABLE VALUE CHANGE HOMESTES $1,631 ' 137,669 $4,896,227,284 $ $6,527,364,953 ($456,927,411) ($1,1,966,981 ) $5,68,47, % NON-HOMESTES $1,62,177,39 $3,833,841,629 $ $5,454,18,668 ($1,658, 13,78) $ $3,795,914, % LAND - AGRCULTURAL $237,498,54 $ $237,498,54 ($232,257,661 ) $ $5,24, % LAND -TMBER $ $ $ $ $ N/A PERSONAL PROPERTY $551,617,16 $551,617,16 $ $ $551,617, % MNERALS $2,376,352 $2,376,352 $ $ $2,376, % NET TAXABLE $3,488,813,248 $8,73,68,913 $571,993,458 $12,79,875,619 ($2,347,288,852) $ $1,443,586, % LESS: FREEZE TAXABLE ($1,1,966,981 ) ($1,1,966,981) % FREEZE ADJUSTED TAXABLE $9,441,619, % 217 MARKET FREEZE FREEZE ADJUSTED CATEGORY LAND MPROVEMENTS OTHER VALUE EXEMPT VALUE TAXABLE VALUE HOMESTES $1,526,722,391 $4,427,364,716 $ $5,954,87,17 ($423,219, 133) ($882,678,174) $4,648,189,8 NON-HOMESTES $1,575,569,584 $3,428,467,823 $ $5,4,37,47 ($1,348, 195, 188) $ $3,655,842,219 LAND -AGRCULTURAL $243,374,13 $ $ $243,374,13 ($238,643,37) $ $4,73,76 LAND -TMBER $ $ $ $ $ $ $ PERSONAL PROPERTY $ $ $523,35,22 $523,35,22 $ $ $523,35,22 MNERALS $ $ $13,183,232 $13,183,232 $ $ $13,183,232 NET TAXABLE $3,345,666,15 $7,855,832,539 $536,218,452 $11,737,717,96 ($2,1,57,691) $ $9,727,659,45 LESS: FREEZE TAXABLE ($882,678,174) ($882,678,174) FREEZE ADJUSTED TAXABLE $8,844,981,231 CHANGE CHANGE $874,236,374 $1,53,158,523 ($337,231 '161 ) ($119,288,87) $596,638,555 PERCENT CHANGE % 8.972% % % 6.746% Note: Freeze value is the value of homesteads frozen for over age 65 homeowners. Tax on these homes is frozen in the year the homeowner attains age

29 APPROPRATONS 29

30 College Station ndependent School District Appropriations by Object Category - General Fund Budget Year Object Category Payroll Costs Contracted SeNices Supplies and Materials Other Operating Costs Debt SeNice Capital Outlay Total Appropriations 61 $97,81, ,3, ,718, ,136, , $128,936, % $91,191, % 13,933, % 5,38, % 2,875,716.%.54% 935,568 1.% $114,244, % 12.2% 4.65% 2.52%.%.82% 1.% 3

31 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT Appropriations by Functional Category - General Fund For Fiscal Year nstructional Resources and Media Services 52.42% 1 $64,737, ,92.68%1 916, % 1.8% 1!nstructional LeadershiE!School LeadershiE!Guidance and Counseling social Work Services Health Services student TransEortation Co. & Extracurricular Activities!General Administration Plant Maintenance lsecuri~ and Monitoring lcomeuter Services commun i~ Services Debt Service Facilities Acquisition and Construction Contracted nstructional Services Payments to Fiscal Agent Payments to Juvemle Just1ce Payments to Tax. ncrement Fund Payments to Coun A raisal District 961,669.75%1 1,7, ,99, %1 2,68, ,864, % 1 6,356, ,969,23 3.8% 1 3,379, % ,65, % 1 1,28, ,747, % 1 3,18,596 5,269,48 4.9%1 5,117, ,384, %1 3,127, ,929, % 1 12,692, , %1 73, ,838, %1 2,621, , %1 135, % 1 o.% 1 o ,638, % 1 5,918, o5.ooo.8% 1 11o.292 1o.ooo.1 % 1 1o.ooo , o.% 1 o 99 1,162, 1,88, $128,936,738 $114,244,123.88% %1 5.56%1 2.96% 1.% 1 1.6%1 2.64%1 4.48% % % 1.64% % 1.12% 1.%1.% %1.1% 1.1 %1.%1 31

32 DEBT REQUREMENTS 32

33 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT DEBT SERVCES REQUREMENTS As of August 31, 218 Fiscal Yr. Series 29 Series 29 Ending Refunding Bonds School Building Bonds 8/31 Principal nterest Principal , 32,438 1 '145, ,969 1,19, Totals $ $ $ $ _ Series Series 21 1 Series 212 School Buildinq Bonds School Buildinq Bonds Refundinq Bonds nterest Principal nterest Principal nterest Principal 93, , , 253,656 79, 47, , ,295, 228, ,355, 177, , 2,375, ,425, 136, , , 137,3 1,565, 48,96 95, ,3 137,3 137,3 137, ,365, ,5, 7, 141 $ 13 6 $ $ 8 37 $ $ 5 23 _ Series 214 School Buildinq Bonds nterest Principal nterest , , 2 64, ,15 2,16, 2 51,338 82,95 2,27, 2 393,338 56,1 2,385, 2,279,838 28, ,16,588 2,625, 2, ,93, , 1, , 1,75,163 3,2, 1,641,38 3,135, 1 527,788 3,25, 1, ,38, 1 28,225 3,52, 1,145,25 3,66, , 848, , ,6 4,31 351, , 179,4 $ $ $ Continued on the Next Page 33

34 COLLEGE STATON NDEPENDENT SCHOOL DSTRCT DEBT SERVCES REQUREMENTS As of August 31, 218 Fiscal Yr. Series 215 Ending Refu nding Bonds 8/31 Principal nterest 219 6,7, ,193, , , 95, ,83, , ,145, ,35, ,485, Totals $ $ $ Series 216 Series 216 Series 217 School Bui lding Bonds Refunding Bonds School Building Bonds Principal nterest Principal nterest Principal nterest 2 895, 2 112, ,595, 2 466, , 1, , ,19, , ,263 1,75, 1, , ,215,263 1,785, , , 2, , ,14, 1, , , 814,6 2,245, 1, , ,46, ,36, ,215, 1,288,76 1,535, 448, , ,28, ,6, ,575, 1, , ,665, 323, , , ,735, ,785, , 187, , 1,194,463 2, , , , ,19, ,14, ,915, , 826,431 3,5, 499,76 3,34, ,95, 49,556 3,45, ,19, 312,838 3,56, ,29, , , , 132, $ $ $ $ $ Total Bonds Outstanding at August 31, 218 Series 217 Refunding Bonds Principal nterest Totals 1 713, ,38, ,713, ,713, , ,713, , , ,243, , , ,225, ,45, 292, ,56, 83, $ $ $ $ 342,soo,ooo 34