DAINGERFIELD-LONE STAR INDEPENDENT SCHOOL DISTRICT

Budget HearingAugust 29, 2013

VISION

The vision of Daingerfield-Lone Star Independent School District is to graduate successful, productive citizens through educational excellence and community involvement.

MISSION STATEMENTThe mission of Daingerfield-Lone Star Independent School District is to challenge each student to reach his or her intellectual, creative, and physical potential by providing a fully integrated curriculum and rigorous instruction.

ROLES AND RESPONSIBILITIES

• Campus• Administration• School Board

CAMPUS RESPONSIBILITIES • Develops goals and planning objectives

for the campus and its programs• Establishes funding priorities for resource

allocations and ensures consistency with campus improvement plans, instructional goals and objectives, and other planning needs

• Prepares preliminary campus budget• Principals and directors provide advisory

review of preliminary budget

ADMINISTRATOR RESPONSIBILITIES• Develops and communicates budget process

guidelines and calendar • Develops district revenue estimates• Compiles and reviews personnel staffing needs• Compiles all school budgets into proposed district

budget• Submits proposed district budget to school board

BOARD RESPONSIBILITIES

• Reviews/prioritizes/revises proposed budget submitted by superintendent and staff in workshops/working sessions

• Conducts public hearings for budget consideration

• Adopts official budget and tax rate

DISTRICT FINANCIAL PLANA school district’s budget is a financial plan, but in practice it actually comprises three individual plans…• Educational Plan• Revenue Plan• Expenditure Plan

THE EDUCATIONAL PLAN

The budget supports the mission and strategic plan of the district, including:• District Goals

• Campus Improvement Plans

• Long-range Plans

• Guide for Priority Spending

THE REVENUE PLAN

State13% Federal

6%

Local78%

Other 3%

The estimated income expected from three major sources of revenue – approved budget

THE EXPENDITURE PLANThe detailed part of the budget that provides an audit trail for revenues• Fund – where the revenue comes from• Function – why the revenue is spent• Object – what is purchased• Program Intent – mandated state

allotment spending

BUDGET BY FUND

A fund is a self-balancing set of accounts recording financial resources and liabilities. A district designates the fund’s financial resources for a distinct purpose.

M & O82%

I & S7%

Special Revenue11%• General Fund – M & O

• Special Revenue

• Food Service

• Sp Ed SSA

• Interest & Sinking – Bonded Debt

BUDGET BY OBJECT(What types of items are purchases or services obtained)

• 6100 – Payroll Costs

• 6200 – Contracted Services

• 6300 - Supplies

• 6400 - Other Operating Expense

• 6500 – Debt Service

• 6600 – Capital ExpensePayro

ll

Contracte

d Service

Supplies

OtherDeb

t

Capita

l

Transfe

r Out

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%67

.44%

11.2

8%

8.07

%

2.82

%

7.08

%

0.39

%

2.93

%

DEBT SERVICE• Interest & Sinking Fund

• Accounts for bonded indebtedness

• Two outstanding bond issues

• DLSISD U/T Series 2010, maturing in 2021

• Unlimited Tax Qualified School Construction Bonds, Taxable Series 2012, maturing in 2027

• Debt ratio is 7.08 %

• Total 2013-14 debt payments $784,074 plus $55,000 Sinking Fund Payment

UNDERSTANDING FUND BALANCEUnreserved Fund Balance is simply total assets minus total liabilities and

encumbrances – your net worth.

The following examples illustrate why it is important to maintain an adequate level of unreserved fund balance…• Catastrophic and uninsured losses• Investment Income• Credit and bond rating• Cash flows for normal school operations• Shortfalls in one or more revenue sources• Last-minute legislation!

Fund Balance – 2011/12 EOY - $3,030,458

HISTORICAL FUND BALANCE AND ENROLLMENT

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

$0.00

$500,000.00

$1,000,000.00

$1,500,000.00

$2,000,000.00

$2,500,000.00

$3,000,000.00

$3,500,000.00

0

200

400

600

800

1000

1200

1400

1600

1800

Fund Balance

Enrollment

Demographic Information• Student Enrollment: 1,100 (est.)• Employee Count: 204• Economically Disadvantaged: 79.8%• Ethnicity Breakdown

– Hispanic: 16.54%– African American: 42.21%– White: 36.81%– Other: 4.44%

• Target Revenue: $5,046

BUDGET SUMMARY

Revenues: General Fund Food ServiceShared Service Arrangement Debt Service Total

5700 Revenues from Local and Intermediate Sources 8,039,243.00 131,100.00 225,745.00 840,575.00 5800 State Program Revenues 1,484,578.00 4,100.00 20,496.00 5900 Federal Program Revenues 184,300.00 549,200.00 7000 Other Resources/Non-Operating Revenues 347,273.00

TOTAL REVENUES 9,708,121.00$ 684,400.00$ 593,514.00$ 840,575.00 11,826,610.00$

Expenditures:00 Other Uses/Non-Operating Expenses 347,273.00 347,273.00 11 Instruction 4,726,612.00 192,977.00 4,919,589.00 12 Instructional Resources and Media Services 142,716.00 142,716.00 13 Curriculum and Instructional Staff Development 34,587.00 34,587.00 21 Instructional Leadership 35,387.00 107,710.00 143,097.00 23 School Leadership 579,755.00 579,755.00 31 Guidance, Counseling, and Evaluation Services 339,803.00 285,827.00 625,630.00 32 Social Work Services - - 33 Health Services 6,618.00 6,618.00 34 Student (Pupil) Transportation 78,012.00 78,012.00 35 Food Services 422,684.00 684,400.00 1,107,084.00 36 Extracurricular Activities 785,675.00 785,675.00 41 General Administration 494,910.00 494,910.00 51 Plant Maintenance and Operations 1,153,870.00 7,000.00 1,160,870.00 52 Security and Monitoring Services 19,146.00 19,146.00 53 Data Processing Services 210,973.00 210,973.00 61 Community Services 4,000.00 4,000.00 71 Debt Service - 840,575.00 840,575.00 81 Facilities Acquisition and Construction - - 91 Contracted Instructional Services Between Public Schools101,100.00 101,100.00 99 Other Intergovernmental Charges 225,000.00 225,000.00

TOTAL EXPENDITURES 9,708,121.00$ 684,400.00 593,514.00 840,575.00 11,826,610.00$

Difference in Revenues/Expenditures -$ -$ -$ - -$

TAX SUMMARY

• Current Taxable Value - $777,218,510

• Current Tax Rate - $1.155 per $100 valuation

• Current Levy - $9,194,581.80 (after adjustments)

• Current Collections (as of June 30, 2013) - $8,766,328

• Estimated Collection 7/01-9/30/2013 - $50,000

• Percent of Collections – 95.88% (98.19% without discount)

• Next Yr’s Taxable Value - $733,489,952

• Next Yr’s Proposed Tax Rate - $1.154599 per $100 valuation

HISTORICAL TAX RATE

SCHOOL YEAR

M & O RATE

I & S RATE

TOTAL TAX

RATE2000/01 1.346800 0.000000 1.3468002001/02 1.329300 0.120700 1.4500002002/03 1.500000 0.130900 1.6309002003/04 1.500000 0.138600 1.6386002004/05 1.500000 0.131800 1.6318002005/06 1.500000 0.131800 1.6318002006/07 1.370000 0.126100 1.4961002007/08 1.040050 0.104600 1.1446502008/09 1.040050 0.113675 1.1537252009/10 1.040050 0.114235 1.1542852010/11 1.040000 0.110188 1.1501882011/12 1.040000 0.101636 1.1416362012/13 1.040000 0.115000 1.1550002013/14-Proposed 1.040000 0.114599 1.154599

TAX RATE COMPARISON(Required Newspaper Ad)

This Yr Next Yr

• Avg. Mkt. Value of Home $54,069 $56,991

• Avg. Taxable Value $27,588 $29,371

• This Yr Rate/Next Yr Rate 1.155000 1.154599

• Taxes Due on Avg. Residence $318.64 $339.12

• Increase (Decrease) in Tax $ 20.48

Success is not final, failure is not fatal, it is the courage to continue that counts.

-Winston Churchill

Questions???

Thank you for your attendance!