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Table
Introductory Section
Principal Officials and Advisors
Certificate of Board
Transmittal Letter
Organizational Chart
GFOA Certificate of Achievement
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Financial Section
Independent Auditors Report
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BOARD OF TRUSTEES
ADMINISTRATION
Duncan Klussmann, Ed.D., Superintendent of Schools
Karen Wilson, Associate Superintendent for Finance
iii
GAAP requires that management provide a narrative introduction, overview, and analysis to accompany
the basic financial statements in the form of Managements Discussion and Analysis (MD&A). This
letter of transmittal is designed to complement MD&A and should be read in conjunction with it. The
Districts MD&A can be found immediately following the report of the independent auditors.
Profile of the District
Spring Branch Independent School District (SBISD) encompasses about 44 square miles of wooded
suburbs and vibrant business and retail districts located west of downtown Houston along Interstate 10,
also known as the Katy Freeway.
About 188,000 district residents live in this region of west Houston and in the incorporated villages of
Bunker Hill, Hedwig, Hilshire, Hunters Creek, Piney Point and Spring Valley. Many families have lived
in the Memorial/Spring Branch area all their lives, while others are new to the area or are relocating for
career reasons.
The school district follows a small neighborhood school concept where attendance areas have been
established for each individual school. Students go to the school in the attendance area in which they
reside. As an established community, SBISDs campus attendance zones rarely change.
Year after year, SBISDs college-readiness indicators exceed regional, state and national averages. More
than 80 percent of SBISD students take either the SAT or ACT, another performance measure and one of
the higher participation rates in the Houston region.
Last fall, 31 top seniors were named 2010 National Merit Scholarship Program Semifinalists or recipients
in the National Hispanic Recognition Program. All National Merit Semifinalists were later named
Finalists, which made them eligible for business or other scholarship opportunities.
SBISD is home to 25 elementary schools, seven traditional middle school campuses, four traditional high
schools and four special campuses. In addition, it operates two innovative public charter schools a
middle school that has been ranked Exemplary by the Texas Education Agency since the school first
opened, and a popular, combined middle and high school campus that offers the highly challenging and
prestigious International Baccalaureate (IB) academic program.
In addition to its IB program, the Westchester Academy for International Studies charter school is the 19th
SBISD campus to earn the federal ranking as a Blue Ribbon School. Other recognized campuses
include Bunker Hill, Frostwood, Hunters Creek, Memorial Drive, Nottingham, Ridgecrest, Rummel
Creek, Spring Shadows and Wilchester elementary schools; Memorial, Northbrook, Spring Branch,
Spring Forest and Spring Oaks middle schools; and Memorial, Northbrook, Spring Woods and Stratford
high schools.
SBISD educates children from all over the world. Its student body reflects the increasing diversity of
Texas and the nation. With an enrollment of roughly 32,400 students, about 56 percent are Hispanic, 30
percent are white, 7 percent are African-American and 6 percent are Asian.
As a leader in early childhood education, SBISD is one of the few districts in the nation to provide fullday prekindergarten for all students. To enroll, a student must be 4 years old on or before Sept. 1 of the
current school year and reside in SBISD. Five Schools for Early Learning are designed especially for 4year-olds with classroom buildings and secure, enclosed outdoor playgrounds. Prekindergarten classes are
also offered at several elementary schools. Students who meet state eligibility requirements attend
prekindergarten at no cost. Others attend at low comparable monthly cost.
iv
Other special offerings in SBISD include Dual Language Programs from prekindergarten through fifth
grade at Cedar Brook Elementary, as well as newer Dual Language Programs now offered at Pine
Shadows and Sherwood elementary schools. Ongoing dual language instruction can be found at the
secondary level, too. SBISD is also home to the recently renovated W.W. Emmons Natatorium, Don
Coleman Coliseum and historic Darrell Tully Stadium with seating for up to 15,000 fans. The privately
run and financed Altharetta Yeargin Art Museum, located on the Westchester Academy campus, houses a
donated collection of 600-plus art and artifacts from around the world valued at more than $2 million. In
addition, Spring Branch offers taxpayers every tax exemption allowed by Texas law, which results in
lower school taxes for homeowners.
In November 2007, Spring Branch voters approved a $597.1 million Bond, the biggest in district history.
Over the years ahead, this bond plan will transform the district for the future. The bond supports
rebuilding 13 of the districts oldest schools, replacing and upgrading critical electrical, HVAC and other
systems, and improving athletic facilities and safety and security systems district-wide. Bond funds have
put 85 new buses on the roads and upgraded technology on every campus.
As of August 2011, seven newly rebuilt elementary campuses have been completed and opened. These
include Edgewood, Hollibrook, Ridgecrest, Shadow Oaks, Spring Branch, Westwood and Wilchester
elementaries. Renovations and systems upgrades have occurred at many other district schools.
Factors Affecting Financial Condition
The information presented in the financial statements is perhaps best understood when it is considered
from the broader perspective of the specific environment within which the District operates.
Local Economy. The District currently enjoys a favorable economic environment and local indicators
point to continued stability. The region has a varied manufacturing and industrial base that adds to the
relative stability of the unemployment rate. Major industries with headquarters or divisions located within
the Districts boundaries include oil field machinery and equipment, industrial machinery, paper and
allied products, and lumber products.
The Districts proximity to Houston provides the area with access to the nations second largest seaport in
total tonnage, one of the nations leading centers for medical education and research, many colleges and
universities, a dynamic cultural arts community, excellent recreational opportunities, and a national center
of commerce, world trade and corporate management. From September 2010 to September 2011,
Houstons employment increase was 1.74%, which registered a net gain of approximately 17,225 jobs.
These economic indicators should continue to effect the Districts tax base.
Relevant Financial Policies
Budget. Budget planning is an integral part of overall program planning so that the budget effectively
reflects the Districts programs and activities, and provides the resources to implement them. In the
budget planning process, general educational goals, specific program goals, and alternatives for achieving
program goals are considered, as well as input from the District and campus-level planning and decisionmaking committees. Budget planning and evaluation are continuous processes and are a part of each
months activities.
Fund Balance. Recognizing fund balance as key in maintaining a strong financial position, the Board
policy regarding fund balance stipulates a goal of maintaining an adequate fund balance. The level of
adequacy for the general fund balance is defined as 19% of the current budget, while the debt service fund
is defined as 15% of the current year debt service requirements.
Financial Planning. The primary foundation for the districts management and decision making is the
Districts five year educational plan. There are several departmental plans which fold into the districts
overall comprehensive plan. The district maintains a Five-Year Technology Plan and a Long-Range
Facilities Plan. Additionally, the Board adopted a Five-Year Educational Plan containing eight goals and
twenty-one objectives. Resources for the accomplishment of these goals are identified in each
departments action plan and are used in the development of multi-year forecasts. Estimated taxable
values are a major factor in forecasting, as the District currently generates 73% of general fund revenue
from local taxes. Other major factors used in developing these forecasts include number of students
enrolled and in average daily attendance, salaries, insurance and cost of inflationary items such as utilities
and fuel. Ultimately, these forecasts are prepared and reviewed several times a year and shared with the
Board, staff, community and other stakeholders.
Awards and Acknowledgements
The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for
Excellence in Financial Reporting to the District for its Comprehensive Annual Financial Report (CAFR)
for the fiscal year ended June 30, 2010. In order to be awarded a Certificate of Achievement, the
government published an easily readable and efficiently organized CAFR. This report satisfied both
GAAP and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year. We believe that our current CAFR
continues to meet the Certificate of Achievement Programs requirements and will submit it to the GFOA
to determine its eligibility for another certificate.
The TEA has awarded the District a rating of Superior Achievement for the year ended June 30, 2011.
This is the ninth year of the States new financial accountability rating system for school districts (School
FIRST). The rating is based upon an analysis of staff and student data reported for the 2009-10 school
year and budgetary and actual financial data for the fiscal year ended June 30, 2010.
The preparation of this report would not have been possible without the efficient and dedicated services
of the entire staff of the Financial Services Department. We would like to express our appreciation to all
members of the department who assisted and contributed to the preparation of this report. Credit also
must be given to the Board of Trustees for their unfailing support for maintaining the highest standards of
professionalism in the management of the Districts finances. Finally, we would like to thank the
residents of the District for their support of and belief in our public school system, and the teachers and
campus teams who provide the quality education for which our District is known.
Respectfully submitted,
vi
vii
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a
Certificate of Achievement for Excellence in Financial Reporting to Spring Branch Independent School
District, Texas for its Comprehensive Annual Financial Report for the fiscal year ended June 30, 2010.
In order to be awarded a Certificate of Achievement, a governmental unit must publish an easily readable
and efficiently organized Comprehensive Annual Financial Report (CAFR), whose contents conform to
program standards. Such report must satisfy both accounting principles, generally accepted in the United
States of America and applicable legal requirements.
Receiving the award is recognition that a school system has met the highest standards of excellence in
government accounting and financial reporting.
viii
ix
Financial Section
1
3411 Richmond Avenue | Suite 500 | Houston, TX 77046 | (P) 713.621.1515 | (F) 713.621.1570
www.null-lairson.com
Accounting principles generally accepted in the United States of America require that the managements
discussion and analysis and budgetary comparison information on pages 5 through 13 and 72 through 75
be presented to supplement the basic financial statements. Such information, although not a part of the
basic financial statements, is required by the Governmental Accounting Standards Board, who considers
it to be an essential part of financial reporting for placing the basic financial statements in an appropriate
operational, economic, or historical context. We have applied certain limited procedures to the required
supplementary information in accordance with auditing standards generally accepted in the United States
of America, which consisted of inquiries of management about the methods of preparing the information
and comparing the information for consistency with managements responses to our inquiries, the basic
financial statements, and other knowledge we obtained during our audit of the basic financial statements.
We do not express an opinion or provide any assurance on the information because the limited procedures
do not provide us with sufficient evidence to express an opinion or provide any assurance.
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the Districts basic financial statements as a whole. The Introductory Section, Other
Supplementary Information, Required Texas Education Agency Schedules and Statistical Section, are
presented for the purpose of additional analysis and are not a required part of the financial statements.
The Other Supplementary Information and the Required Texas Education Agency Schedules as listed in
the table of contents are the responsibility of management and were derived from and relate directly to the
underlying accounting and other records used to prepare the financial statements. The information has
been subjected to the auditing procedures applied in the audit of the financial statements and certain
additional procedures, including comparing and reconciling such information directly to the underlying
accounting and other records used to prepare the financial statements or to the financial statements
themselves, and other additional procedures in accordance with auditing standards generally accepted in
the United States of America. In our opinion, the information is fairly stated in all material respects in
relation to the financial statements as a whole. The Introductory Section and Statistical Sections have not
been subjected to the auditing procedures applied in the audit of the basic financial statements and,
accordingly, we do not express an opinion or provide any assurance on them.
Houston, Texas
November 21, 2011
As management of the Spring Branch Independent School District (the District), we offer readers of the
Districts financial statements this narrative overview and analysis of the financial activities of the District
for the fiscal year ended June 30, 2011. We encourage readers to consider the information presented here
in conjunction with additional information that we have furnished in our letter of transmittal, which can
be found on pages iii to vi of this report.
Financial Highlights
The assets of the District exceeded its liabilities at the close of the fiscal year by $130,679,662
(net assets). Of this amount, $51,545,046 was invested in capital assets net of related debt,
$7,841,168 restricted for debt service, $2,493,836 restricted for the Food Service Program,
$7,204,233 restricted for federal and state programs and $792,225 for campus activities, leaving
the District with a net $60,803,154 in unrestricted net assets.
The Districts total net assets decreased by $839,430 as a result of this years operations.
The Districts governmental funds reported combined ending fund balances of $240,502,183 as
of June 30, 2011. Non-spendable fund balances include $1,628,657 for inventories on hand in
the General Fund and Food Service Program included in the Special Revenue Fund; and
$2,081,390 for prepaid items in the General Fund, Food Service Program and Special Revenue
Local Funds. Restricted fund balances include $2,224,742 for the Food Service Program included
in the Special Revenue Fund, $145,114,405 for Capital Projects Fund projects, $21,982,200 for
ongoing Debt Service Fund expenditures, and $7,199,320 for Special Revenue Funds. Committed
fund balance includes $791,976 for Campus Activity funds included in the Special Revenue
Fund. Management has assigned fund balance of $27,423,625 for General Fund future spending.
The remaining amount in Unassigned fund balance of $32,055,868 includes General Fund
encumbrances re-appropriated in the subsequent years budget of $473,702, and the remaining
amount is available for spending at the governments discretion.
Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to the Districts basic financial
statements. The Districts basic financial statements comprise three components: 1) government-wide
financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report
also contains other supplementary information in addition to the basic financial statements themselves,
including schedules required by the Districts state oversight agency, the Texas Education Agency (TEA).
Government-Wide Financial Statements
The focus of government-wide financial statements is on the overall financial position and activities of
the District. The Districts government-wide financial statements include the Statement of Net Assets and
the Statement of Activities (on pages 17 to 19), which are prepared using accounting principles that are
similar to commercial enterprises. These statements provide information about the activities of the
District as a whole and present a longer-term view of the District's capital assets, debt obligations, and
other financial matters.
The Statement of Net Assets includes all the District's assets and liabilities at the end of the year, with the
difference between the two reported as net assets. This difference is similar to the total owners equity
presented by a commercial enterprise. All of the District's assets are reported whether they serve the
current year or future years. Liabilities are considered regardless of whether they must be paid in the
current or future years. Although the purpose of the District is not to accumulate net assets, in general, as
the amount increases, it may indicate that the financial position of the District is improving over time. To
fully assess the overall health of the District, however, other factors should be considered as well, such as
changes in the District's average daily attendance or its property tax base and the condition of the
District's capital assets.
The purpose of the Statement of Activities is to present the revenues and expenses of the District. Again,
the items presented on the Statement of Activities are measured in a manner similar to the approach used
by a commercial enterprise in that revenues are recognized when earned or established criteria are
satisfied and expenses are reported when incurred by the District. Thus, revenues are reported even when
they may not be collected for several months or years after the end of the accounting period and expenses
are recorded even though they may not have used cash during the current period.
The District's revenues are divided into those provided by outside parties who share the costs of some
programs, such as tuition received for summer school and grants provided by the U.S. Department of
Education to assist children with disabilities or from disadvantaged backgrounds (program revenues), and
revenues provided by the taxpayers or by TEA in the equalization funding processes (general revenues).
Although the Statement of Activities looks different from a commercial enterprise income statement, the
financial statement is different only in format, not substance.
The Districts business-type activities include the Districts tuition/fee-based self-sustaining programs,
such as athletic rentals/concessions, after school programs, employee childcare, community education,
fine arts, facility rental and summer school. Business-type activities are intended to recover all or a
significant portion of their costs through user fees and charges.
The District does not have any component units for which it is financially accountable.
Fund Financial Statements
Fund financial statements (starting on page 20) report the District's operations in more detail than the
government-wide statements by providing information about the District's funds. For governmental
activities, these statements tell how services were financed in the short term as well as resources
remaining for future spending. They reflect the flow of current financial resources, and supply the basis
for tax levies and the appropriations budget. For proprietary activities, fund financial statements tell how
goods or services of the District were sold to employees, students and community members, and how the
sales revenues covered the expenses of the goods or services. The remaining statements, fiduciary
statements, provide financial information about activities for which the District acts solely as a trustee or
agent for the benefit of those outside of the district.
Laws and contracts require the District to establish some programs, such as grants received from the U.S.
Department of Education. The District's administration establishes many program revenue and cost
centers to help control and manage money for particular program purposes (such as campus activities).
All of the Districts funds can be divided into three categories: governmental funds, proprietary
funds and fiduciary funds.
Governmental funds - Governmental funds are used to account for essentially the same
functions reported as governmental activities in the government-wide financial
statements. However, unlike the government-wide financial statements, governmental
fund financial statements focus on near-term inflows and outflows of spendable
resources, as well as on balances of spendable resources available at the end of the fiscal
year. Such information may be useful in evaluating a governments near-term financing
requirements. The focus of governmental funds is narrower than that of the governmentwide financial statements therefore it is useful to compare the information presented for
governmental funds with similar information presented for governmental activities in the
government-wide financial statements. By doing so, readers may better understand the
long-term impact of the governments near-term financing decisions. Both, the Balance
Sheet and the Statement of Revenues, Expenditures, and Changes in Fund Balances for
governmental funds provide a reconciliation to facilitate this comparison between
governmental funds and governmental activities.
The District maintains four governmental funds. Information is presented separately in
fund financial statements for the general, special revenue, debt service, and capital
projects funds, all of which are considered to be major funds. The District adopts annual
appropriations budgets at the revenue source and functional expenditure levels for its
general fund, the food service program included in the special revenue fund, and debt
service fund as required by TEA. Budgetary comparison schedules have been provided
to demonstrate finance related legal compliance with these budgets. Management has
determined that federal and state approved and administrative budgets for selected special
revenue fund programs are important for readers use and has included non-appropriated
budget comparisons for these programs at the end of this report.
Proprietary funds - Proprietary funds provide the same type of information as the
government-wide financial statements, only in more detail. There are two proprietary
fund types. Enterprise funds are used to report the same function presented as businesstype activities in the government-wide financial statements. The District has one
business-type activity (enterprise fund), which consists of tuition-based self-sustaining
programs, such as Child Care, Adult Education and Drivers Education. The second type
of proprietary fund is the internal service fund. Internal service funds are an accounting
device used to accumulate and allocate costs internally among the various functions. The
District has one internal service fund, the Workers Compensation Fund. The basic
proprietary fund financial statements can be found on pages 27 to 29 of this report.
Fiduciary funds - Fiduciary funds are used to account for resources held for the benefit
of parties outside the government. The District is the trustee, or fiduciary, for money
raised by student activities and scholarships in private-purpose funds. All of the
Districts fiduciary activities are reported in separate Statements of Fiduciary Net Assets
and Changes in Net Assets on pages 30 and 31. We exclude these resources from the
Districts government-wide financial statements because the District cannot use these
assets to finance its operations. The District is only responsible for ensuring that the
assets reported in these funds are used for their intended purposes.
Business-Type Activities
2011
2010
$ 296,235,552
634,971,872
931,207,424
78,649,901
723,106,861
801,756,762
$ 129,450,662
$ 340,915,213
511,688,709
852,603,922
73,545,356
649,752,411
723,297,767
$ 129,306,155
409,783
1,229,000
331,450
712,937
$ 51,888,293
17,731,468
59,686,394
$ 129,306,155
76,287
87,788
1,152,713
1,229,000
625,149
712,937
51,468,759
18,331,462
59,650,441
$ 129,450,662
1,562,496
76,287
1,638,783
409,783
956,599
87,788
1,044,387
331,450
Total
2011
2010
$ 297,798,048
635,048,159
932,846,207
79,059,684
723,106,861
802,166,545
$ 130,679,662
$ 341,871,812
511,776,497
853,648,309
73,876,806
649,752,411
723,629,217
$ 130,019,092
$ 51,545,046
18,331,462
60,803,154
$ 130,679,662
$ 51,976,081
17,731,468
60,311,543
$ 130,019,092
Investment in capital assets (e.g. land, buildings, furniture and equipment) less any related debt used to
acquire those assets that is still outstanding is $51,545,046 as of June 30, 2011. Although the Districts
debt issuances are used primarily to acquire capital assets, it should be noted that the resources needed to
repay the Districts debt must be provided from other sources, since the capital assets themselves cannot
be used to liquidate these liabilities. An additional portion of the Districts net assets (approximately
14.0%) represents resources that are subject to external restrictions on how they may be used. The
remaining balance of unrestricted net assets is $60,803,154 which represents amounts available for the
District to meet on-going obligations.
8
As shown in Table II, the net assets of the District's governmental activities increased $144,507 for the
year ending June 30, 2011. The total cost of all governmental activities this year was $368,451,260, an
increase of $14,288,517 over the previous year. The amount that the Districts taxpayers paid for
governmental activities through property taxes was $237,712,571 or 64.7%. State funding of $46,980,742
and federal and state contributions of $72,320,049 accounted for 32.4% of the resources used to cover
expenses, with the remainder of $5,313,773 from user charges and $5,377,175 from interest and other
income.
Table II - Change in Net Assets
Governmental Activities
2011
2010
Revenues
Program Revenues:
Charges for Services
$ 5,313,773
Operating Grants and Contributions
72,320,049
General Revenues:
Property Taxes
237,712,571
State Grants and Other Grants
46,980,742
Interest
815,827
Other
4,561,348
Total Revenues
367,704,310
Expenses
Instructional
201,207,980
Instruction Resources and Media
4,387,542
Curriculum/Staff Development
7,589,849
Instructional Leadership
4,189,885
School Leadership
18,442,088
Guidance and Counseling Services
12,680,996
Social Work Services
277,370
Health Services
3,365,807
Student (Pupil) Transportation
7,990,151
Child Nutrition
15,411,567
Cocurricular/Extracurricular
5,234,157
General Administration
6,422,833
Plant Maintenance and Operations
27,693,563
Security and Monitoring Services
3,294,200
Data Processing
6,289,021
Community Services
1,936,180
Interest and Fiscal Charges
31,783,833
Facilities Acquisition and Construction
5,123,708
Purchase of WADA
2,657,017
Payments to Districts of SSAs
388,064
Alternative Education
83,160
Other Intergovernmental Charges
2,002,289
Total Expenses
368,451,260
Excess (deficiency) before transfers
(746,950)
Transfers
Increase (Decrease) in Net Assets
Beginning Net Assets
Prior Period Adjustment
Ending Net Assets
(608,543)
(1,355,493)
129,306,155
1,500,000
$ 129,450,662
Total
Business-Type Activities
2011
2010
5,877,746
73,233,585
242,183,356
43,702,903
1,500,688
1,635,569
368,133,847
$ 3,586,780
3,325,742
1,168
1,503
3,587,948
3,327,245
193,356,124
3,493,605
7,373,266
4,650,828
18,457,940
12,424,778
427,390
3,364,031
7,270,976
14,902,668
4,947,829
7,002,494
27,592,294
3,241,718
8,904,479
2,060,316
29,163,502
3,592,489
2011
8,900,553
72,320,049
193,356,124
3,493,605
7,373,266
4,650,828
18,457,940
12,424,778
427,390
3,364,031
7,270,976
14,902,668
4,947,829
7,002,494
27,592,294
3,241,718
8,904,479
2,060,316
29,163,502
3,592,489
13,730,139
3,680,428
3,568,210
3,680,428
(92,480)
3,568,210
(240,965)
13,971,104
608,543
516,063
(240,965)
(839,430)
115,335,051
712,937
953,902
$ 129,306,155
$ 1,229,000
9,203,488
73,233,585
242,183,356
43,702,903
1,502,191
1,635,569
371,461,092
382,265
75,600
1,478,151
354,162,743
13,971,104
712,937
237,712,571
46,980,742
816,995
4,561,348
371,292,258
201,207,980
4,387,542
7,589,849
4,189,885
18,442,088
12,680,996
277,370
3,365,807
7,990,151
15,411,567
5,234,157
6,422,833
27,693,563
3,294,200
6,289,021
1,936,180
31,783,833
5,123,708
2,657,017
388,064
3,763,588
2,002,289
372,131,688
(839,430)
2010
130,019,092
1,500,000
$ 130,679,662
382,265
3,643,810
1,478,151
357,730,953
13,730,139
116,288,953
$ 130,019,092
The Districts combined property tax rate remained at $1.3945 per $100 of assessed value. This generated
tax revenues of approximately $238 million in 2011, a decrease of $4.1 million over the 2010 fiscal year.
Total expenses above include depreciation of $13,212,549. Capital outlay of approximately $124.1
million is not included in the above total expenses. In the government-wide financial statements, capital
outlay is shown as an increase in the capital assets reported on the Statement of Net Assets and
depreciation expense is reported in the Statement of Activities in order to spread the recognition of the
cost of capital assets over their useful lives.
Net assets of the District's business-type activities increased $516,063 for the year ending June 30, 2011.
Financial Analysis of the Districts Funds
As noted earlier, the District uses fund accounting to ensure and demonstrate compliance with financerelated legal requirements.
The focus of the Districts governmental funds is to provide information on near-term inflows, outflows,
and balances of spendable resources. Such information is useful in assessing the Districts financing
requirements. In particular, unreserved fund balance may serve as a useful measure of a governments net
resources available for spending at the end of the fiscal year.
At the end of the current fiscal year, June 30, 2011, the Districts governmental funds reported:
Combined ending fund balances of $240,502,183, a decrease of $25,216,976 from the year
ended June 30, 2010. This decrease resulted primarily from construction projects funded by the
capital projects fund.
Approximately 13% of this total amount $32,055,868 constitutes unassigned fund balance. The
remainder of fund balance is non-spendable, restricted, committed or assigned to indicate that it
is not available for new spending because it has already been committed as follows:
(1) inventory $1,628,657
(2) prepaid items $2,081,390
(3) food service $2,224,742
(4) capital projects $145,114,405
(5) debt service $21,982,200
(6) special revenue $7,199,320
(7) campus activity $791,976
(8) capital expenditures for equipment $4,234,600
(9) compensated absences (retirement payoff) $12,859,848
(10) subsequent year expenditures $9,989,773
(11) other assignment totaling $339,404
The general fund is the primary operating fund of the District. At the end of the current fiscal year,
unassigned fund balance of the general fund was $32,055,868 while the total fund balance was
$62,915,284. During the current fiscal year, the fund balance of the general fund decreased by
$4,152,222. The District budgeted to use $9.2 million of Fund Balance. Fund Balance only decreased by
$4.2 million due to the following:
The debt service fund has a total fund balance of $21,982,200 all of which is restricted for the payment of
debt. The net decrease in the fund balance during the period in the debt service fund was $372,937. There
was a decrease from property tax collections of $1.6 million due to property tax value decreases.
The capital projects fund is used to account for financial resources to be used for the construction and
renovation of District facilities. The fund balance of the Districts capital projects fund was $145,114,405
on June 30, 2011. The capital projects fund began the year with $169,988,054 in fund balance as a result
of unspent bond proceeds in previous years. The District had capital expenditures in the capital projects
fund of $128.7 million in the current year. The remaining fund balance is restricted for future
construction projects.
General Fund Budgetary Highlights
Over the course of the year, District administration recommended, and the Board of Trustees approved,
several revisions to budgeted revenue and appropriations. Revisions to the revenue budget are necessary
due to changes in estimates for local and state revenue based on updated information concerning student
attendance and tax collections. Revisions to appropriations are necessary due to staffing adjustments
based on actual enrollment, changes in spending needs over the course of the year and other unexpected
occurrences.
As a high property wealth Chapter 41 district, the District is required to send Recapture money back to
the state. This Recapture is locally assessed tax dollars sent to the state to satisfy statewide school
funding equalization. Revenue is now based on Target Revenue which is calculated as Weighted Average
Daily Attendance (WADA) times a dollar amount. For 2011-12 the amount is $5,625 per WADA.
The Districts major budget amendments during the year are summarized as follows:
Local Tax revenue and State revenue are limited as a combined total so that an increase
in one generally creates a decrease in the other.
Tax Revenue increased by $5.5 million due to taxable value increases.
The final budget for state funding indicated a decrease of $1.6 million. This is partially
due to the increase in local tax collections and a required payment to the state for
recapture budgeted at 4.5 million.
The expenditure budget increased by approximately $10.7 million and, although allocated to
multiple functional categories, it can be attributed to 4 major areas.
o
o
o
Expenditure budgets for salary and benefits increased by approximately $3.3 million. A
required increase in teachers for student growth and district contributions to health
insurance budgets accounted for more than half of that amount. Budgets for other benefits
such as retirement and unemployment increased due to a number of positions being
eliminated in the upcoming budget year.
Budgets for ongoing software implementations were increased by $1.7 million to record
the continuing projects.
A budget increase of $4.5 million was necessary to account for the recapture payment to
the state.
11
The remainder of the budget increases was in inflationary prone areas such as utilities and
transportation fuel costs.
Capital Asset and Debt Administration
Capital Assets
At the end of fiscal year 2011, the District had $612.4 million (net of accumulated depreciation of $170.1
million) invested in a broad range of capital assets, including facilities and equipment for instruction,
transportation, athletics, administration, and maintenance.
Table III - Capital Asset Summary
Land
Buildings and Improvements
Furniture and Equipment
Vehicles
Capital Lease Assets
Construction in Progress
Total Capital Assets,
Net of Depreciation
Governmental Activities
2011
2010
$ 23,119,709
$ 21,910,210
434,870,295
328,043,058
4,794,716
4,344,695
10,762,833
11,804,762
47,495
231,803
138,850,324
145,354,181
$ 612,445,372
$ 511,688,709
9,360
66,927
76,287
87,788
87,788
Additional information on the Districts capital assets can be found in Note 9 on pages 53 through 56 of
this report.
Debt
Debt-management policies seek to provide the most favorable climate for District debt projects while
upholding the highest rating possible for debt instruments. Management policies include the following
points:
The ratio of net general bonded debt to assessed valuation is a useful indicator of the Districts debt
position. This data is presented in the schedule Ratios of Net General Obligation Bonded Debt
Outstanding in the statistical section and reflects an decrease in the ratio of net bonded debt to assessed
value of 3.78%, as compared to 3.28% last year.
At year-end, the District had $710.8 million in bonds outstanding including accreted interest on capital
appreciation bonds, deferred loss on refunding bonds, and premiums on bonds at issuance.
The District continues to enjoy excellent underlying bond ratings. The AAA long-term rating on the
12
Districts bonds reflects the Texas Permanent School fund guarantee. The underlying rating on the
Districts bonds is Aa2 from Moodys and AA from Standard and Poors.
At June 30, 2011, the District had $172.1 million authorized but unissued bonds.
More detailed information about the District's long-term liabilities is presented in Note 10 to the financial
statements on pages 56 to 60 of this report.
Table IV - Districts Outstanding Debt
Governmental Activities
2011
2010
$ 707,780,793
$ 630,403,384
3,057,979
4,718,422
2,143,433
2,309,240
$ 712,982,205
$ 637,431,046
13
14
15
16
Exhibit A-1
Data
Control
Codes
1110
1225
1240
1250
1260
1267
1290
1300
1410
1420
1510
1580
1520
1530
1540
1550
1910
1000
2110
2140
2150
2160
2177
2180
2190
2200
2300
2501
2502
2000
3200
3820
3840
3850
3870
3900
3000
Governmental
Activities
Assets
Cash and temporary investments
Property taxes receivables, net
Due from other governments
Accrued interest
Internal balances
Due from fiduciary funds
Other receivables, net
Inventories
Deferred expenses
Capital bond and other debt issuance costs
Capital assets not subject to depreciation:
Land
Construction in progress
Capital assets net of depreciation:
Buildings and improvements, net
Furniture and equipment, net
Vehicles
Capital lease
Long-term investments
Total Assets
251,129,927
9,916,194
25,738,385
973,885
(126,903)
9,667
907,467
1,628,657
2,109,523
3,948,750
Business-type
Activities
$
1,402,967
Total
$
126,903
9,667
940,093
1,628,657
2,109,523
3,948,750
32,626
23,119,709
138,850,324
23,119,709
138,850,324
434,870,295
4,794,716
10,762,833
47,495
22,526,500
931,207,424
Liabilities
Accounts payable
Interest payable
Payroll deductions and withholdings
Accrued wages payable
Due to fiduciary funds
Due to other governments
Due to student groups
Accrued expenditures
Unearned revenue
Noncurrent Liabilities:
Due within one year
Due in more than one year
Total Liabilities
17
434,870,295
4,804,076
10,829,760
47,495
22,526,500
932,846,207
9,360
66,927
1,638,783
27,821,544
15,862,964
7,459,913
23,885,909
60,110
1,292,601
120,756
1,364,394
781,710
Net Assets
Invested in capital assets, net of related debt
Restricted for:
Federal and state programs
Food service
Debt service
Campus activity and local donations
Unrestricted
Total net assets
252,532,894
9,916,194
25,738,385
973,885
17,150
27,851,452
15,862,964
7,459,913
24,248,634
60,110
1,292,601
120,756
1,364,394
798,860
20,875,948
702,230,913
801,756,762
409,783
20,875,948
702,230,913
802,166,545
51,468,759
76,287
51,545,046
1,152,713
1,229,000
7,204,233
2,493,836
7,841,168
792,225
60,803,154
130,679,662
7,204,233
2,493,836
7,841,168
792,225
59,650,441
129,450,662
29,908
362,725
Data
Control
Codes
11
12
13
21
23
31
32
33
34
35
36
41
51
52
53
61
72
73
81
91
93
95
99
TG
Functions/Programs
Governmental activities
Instruction
Instructional Resources and Media Services
Curriculum and Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling, and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Service
Extracurricular Activities
General Administration
Plant, Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Interest on Long-term Debt
Debt Issuance costs and fees
Capital outlay
Purchase of WADA
Payments Related to Shared Services Arrangements
Payments to JJAEP
Other Intergovernmental Charges
Total governmental activities
01
02
03
04
06
07
08
09
TB
TP
Business-type activities
Athletic Rentals/Concessions
After School Programs
Employee Childcare
Community Education
Fine Arts
Facility Rentals
Summer School
Other
Total business-type activities
Total primary government
Program Revenue
Operating
Charges for
Grants and
Services
Contributions
Expenses
$
201,207,980
4,387,542
7,589,849
4,189,885
18,442,088
12,680,996
277,370
3,365,807
7,990,151
15,411,567
5,234,157
6,422,833
27,693,563
3,294,200
6,289,021
1,936,180
31,348,197
435,636
5,123,708
2,657,017
388,064
83,160
2,002,289
368,451,260
725,486
216,640
1,779,049
436,089
100,013
49,858
352,134
21,159
3,680,428
372,131,688
1,287,699
3,315,561
373,420
80,037
152,754
104,302
36,021,836
245,155
3,807,975
1,377,910
2,089,043
2,716,896
73,190
4,453,257
514,850
12,236,803
437,305
293,845
2,694,665
230,583
1,480,715
1,372,999
1,280,317
604,641
388,064
5,313,773
786,610
200,170
1,663,200
406,384
108,209
90,241
276,486
55,480
3,586,780
8,900,553
72,320,049
72,320,049
Data
Control
Codes
MT
DT
SF
IE
MI
FR
TR
CN
NB
PA
NE
See Notes to the Financial Statements.
18
General revenues
Taxes:
Property taxes, levied for general purposes
Property taxes, levied for debt service
State-aid formula grants
Investment earnings
Miscellaneous
Transfers
Total general revenues, special items, and transfers
Change in net assets
Net assets - beginning
Prior period adjustments
Net assets - ending
Exhibit B-1
(163,898,445)
(4,142,387)
(3,781,874)
(2,811,975)
(16,353,045)
(9,964,100)
(204,180)
1,087,450
(7,475,301)
140,797
(4,423,432)
(6,048,951)
(24,846,144)
(2,959,315)
(4,808,306)
(563,181)
(30,067,880)
(435,636)
(4,519,067)
(2,657,017)
Business-type
Activities
$
Total
$ (163,898,445)
(4,142,387)
(3,781,874)
(2,811,975)
(16,353,045)
(9,964,100)
(204,180)
1,087,450
(7,475,301)
140,797
(4,423,432)
(6,048,951)
(24,846,144)
(2,959,315)
(4,808,306)
(563,181)
(30,067,880)
(435,636)
(4,519,067)
(2,657,017)
(83,160)
(2,002,289)
(290,817,438)
(83,160)
(2,002,289)
(290,817,438)
61,124
(16,470)
(115,849)
(29,705)
8,196
40,383
(75,648)
34,321
(93,648)
(93,648)
(290,817,438)
183,535,631
54,176,940
46,980,742
815,827
4,561,348
(608,543)
289,461,945
(1,355,493)
129,306,155
1,500,000
129,450,662
61,124
(16,470)
(115,849)
(29,705)
8,196
40,383
(75,648)
34,321
(93,648)
(290,911,086)
183,535,631
54,176,940
46,980,742
816,995
4,561,348
1,168
608,543
609,711
516,063
712,937
$
1,229,000
290,071,656
(839,430)
130,019,092
1,500,000
130,679,662
19
Data
Control
Codes
General Fund
1220
1230
1240
1250
1260
1290
1300
1410
1910
1000
Assets
Cash and cash equivalents
Investments
Receivables:
Property taxes - delinquent
Allowance for uncollectible taxes (credit)
Receivables from other governments
Accrued interest
Due from other funds
Other receivables
Inventories, at cost
Prepaid items
Long-term investments
Total Assets
2110
2140
2150
2160
2170
2180
2190
2200
2300
2000
1110
1120
3410
3430
3450
3470
3480
3490
3545
3570
3590
3600
3000
4000
Fund Balance:
Non-spendable:
Non-spendable - inventories
Non-spendable - prepaid items
Restricted:
Restricted - grant funds
Restricted - capital acquisitions and obligations
Restricted - debt service
Restricted - other
Committed:
Committed - other
Assigned:
Assigned - capital expenditures for equipment
Assigned - Other
Unassigned:
Unassigned
Total fund balances
Total Liabilities and Fund Balances
11,715,979
62,840,344
Special Revenue
Fund
$
13,560,560
(5,197,793)
17,228,933
337,937
382,735
592,844
1,359,593
2,076,198
5,279,155
Debt Service
Fund
$
2,346,476
(793,049)
8,509,452
130,106
240,000
5,560,098
314,626
269,064
33,325
$ 104,897,330
19,965,720
739,130
1,825,336
1,818,538
19,962,061
23,704,132
373,502
7,437,226
20,684,355
972,736
1,288,293
111,392
1,364,394
8,298,314
41,982,046
22,687
3,185,513
5,187,116
4,308
9,364
1,359,593
2,076,198
269,064
5,192
327,308
9,475,426
1,348,430
1,721,932
2,224,742
21,982,200
7,199,320
791,976
4,234,600
23,189,025
32,055,868
62,915,284
$ 104,897,330
20
10,490,294
19,965,720
21,982,200
23,704,132
Exhibit C-1
Capital Projects
Fund
Total
Governmental
Funds
64,651,853
82,904,873
83,465,525
165,707,278
22,526,500
$ 170,589,111
15,907,036
(5,990,842)
25,738,385
973,885
6,182,876
907,470
1,628,657
2,109,523
22,526,500
$ 319,156,293
505,842
43
25,192,664
16,041
266,001
25,474,706
27,757,130
373,502
7,459,913
23,885,909
6,425,853
1,292,601
120,756
1,364,394
9,974,052
78,654,110
1,628,657
2,081,390
145,114,405
2,224,742
145,114,405
21,982,200
7,199,320
791,976
4,234,600
23,189,025
145,114,405
$ 170,589,111
32,055,868
240,502,183
$ 319,156,293
21
22
Exhibit C-2
240,502,183
Amounts reported for governmental activities in the statement of net assets are
different because:
1
Capital assets used in governmental activites are not financial resources and
therefore are not reported as assets in governmental funds.
612,329,830
Property taxes receivable have been levied and are due this year, but are not
available soon enough to pay for the current period's expenditures, these property
taxes and related penalty and interest amounts (net of allowance for uncollectible
accounts).
9,192,342
Bond issuance costs are not financial resources and, therefore, are not reported as
assets in governmental funds. These costs are to be amortized over the life of the
bonds.
3,948,750
4
5
6
7
8
9
10
Long-term liabilities, including bonds payable, are not due and payable in the
current period, and therefore are not reported as liabilities in the funds. Longterm liabilities at year-end consist of:
General obligation bonds
Premiums on issuance
Deferred loss on refunding
Accreted interest on premium compound interest bonds
Capital leases
Accrued compensated absences
Accrued interest payable
11
19
23
(685,102,696)
(30,801,576)
8,123,479
(3,057,979)
(2,143,433)
(10,124,656)
(15,489,462)
2,073,880
$
129,450,662
Data
Control
Codes
5700
5800
5900
5020
General Fund
Revenues
Local, intermediate, and out-of-state
State program revenues
Federal program revenues
Total revenues
0099
6030
1100
Expenditures
Current:
Instruction
Instruction resources and media services
Curriculum and instructional staff development
Instructional leadership
School leadership
Guidance, counseling and evaluation services
Social work services
Health services
Student transportation
Food services
Extracurricular activities
General administration
Facilities maintenance and operations
Security and monitoring services
Data processing services
Community services
Debt service:
Principal on long-term debt
Interest on long-term debt
Bond issuance costs and fees
Capital outlay:
Capital outlay:
Intergovernmental:
Contracted instructional services
Payments related to shared services arrangements
Payments to Juvenile Justice Alternative
Education Program
Other intergovernmental charges
Total Expenditures
Excess (deficiency) of revenues over expenditures
7911
7912
7915
7916
8911
8949
7080
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0071
0072
0073
0081
0091
0093
0095
1200
$ 185,949,718
59,931,926
4,258,230
250,139,874
3000
Debt Service
Fund
$ 54,623,524
154,358,327
4,345,069
4,019,948
3,011,302
17,375,628
10,649,053
220,027
2,936,968
6,890,865
11,118,746
3,390,432
46,714,599
61,223,777
1,280,317
55,903,841
26,851,318
99,937
3,577,615
1,229,789
1,197,260
2,091,428
57,812
446,506
187,757
15,863,594
156,836
20,000
2,071,208
77,655
946,218
1,324,288
5,111,964
6,473,670
25,571,199
3,220,723
5,390,934
652,747
165,807
100,435
23,940,313
31,799,980
2,680
579,440
2,657,017
388,064
83,160
2,002,289
255,239,812
(5,099,938)
57,166,725
4,057,052
55,740,293
163,548
37,910,000
116,279
16,858
107,922
240,000
6,730,277
(668,563)
0100
1300
Special
Revenue Fund
(552,284)
124,780
(45,416,762)
(536,485)
(5,652,222)
4,181,832
(372,937)
67,067,506
1,500,000
6,308,462
22,355,137
10,490,294
$ 21,982,200
62,915,284
24
Exhibit C-3
Capital
Projects Fund
$
799,211
799,211
Total
Governmental
Funds
$ 252,491,199
63,322,358
52,253,146
368,066,703
181,209,645
4,445,006
7,597,563
4,241,091
18,572,888
12,740,481
277,839
3,383,474
7,078,622
15,863,594
5,268,800
6,493,670
27,642,407
3,298,378
6,337,152
1,977,035
875,093
24,106,120
31,900,415
875,093
127,865,956
128,448,076
2,657,017
388,064
83,160
128,741,049
(127,941,838)
100,000,000
2,002,289
496,887,879
(128,821,176)
103,068,189
137,910,000
133,137
347,922
10,038,466
(908,563)
(45,416,762)
102,104,200
(24,873,649)
(26,716,976)
169,988,054
265,719,159
1,500,000
$ 145,114,405
$ 240,502,183
3,308,189
(240,000)
25
Exhibit C-4
Data
Control
Codes
Net change in fund balances - total governmental funds (from C-3)
(26,716,976)
Amounts reported for governmental activities in the statement of activities (B-1) are
different because:
1
124,150,183
(13,197,799)
Governmental funds report the entire net sales price (proceeds) from sale of an asset
as revenue because it provides current financial resources. In contrast, the Statement
of Activities reports only the gain on the sale of the assets. Thus, the change in net
assets differs from the change in fund balance by the cost of the asset sold.
(10,180,971)
3
4
5
6
Property tax revenues in the statement of activities that do not provide current
financial resources are not reported as revenues in the funds.
(495,530)
23,940,313
Bond issuance costs paid during the current year will be amortized over the life of the
bonds.
10
11
Some expenses reported in the statement of activities do not require the use of current
financial resources and these are not reported as expenditures in governmental funds:
Increase in interest payable not recognized in fund statements
(137,910,000)
45,416,762
1,171,466
(10,038,466)
165,807
(2,804,032)
12
2,196,709
13
3,167,324
14
15
(543,083)
Internal service funds are used by management to charge the costs of certain activities,
such as insurance and printing, to individual funds. The net revenue (expense) of the
internal service funds is reported with governmental funds.
Change in net assets of governmental activities
322,800
$
26
(1,355,493)
Exhibit D-1
Data
Control
Codes
Business-type
Activities Enterprise Fund
Assets
Current Assets:
1110-75
Cash and cash equivalents
Receivables:
1260
Due from other funds
1290
Other receivables
Total current assets
1530
1531
1572
1573
1000
146,816
32,626
1,582,409
2000
Liabilities
Current Liabilities:
Accounts payable
Accrued wages payable
Due to other funds
Deferred revenue
Total current liabilities
Total Liabilities
3200
3900
3000
Net Assets
Invested in capital assets, net of related debt
Unrestricted net assets
Total Net Assets
2110
2160
2170
2300
1,402,967
Governmental
Activities Internal Service
Fund
27
12,153
87,072
(20,145)
(2,793)
76,287
1,658,696
29,908
362,725
19,913
17,150
429,696
429,696
76,287
1,152,713
1,229,000
1,957,124
67,125
2,024,249
147,500
(31,958)
115,542
2,139,791
64,417
1,494
65,911
65,911
115,542
1,958,338
2,073,880
Exhibit D-2
Data
Control
Codes
5700
5754
5020
Operating Revenues
Local and intermediate sources
Interfund services provided and used
Total Operating Revenues
6100
6200
6300
6400
6449
6030
Operating Expenses
Payroll costs
Purchased and contracted services
Supplies and materials
Claims expense and other operating expenses
Depreciation
Total Operating Expenses
1200
7020
Non-Operating Revenues
Investment earnings
Total Non-Operating Revenues
7915
8911
1200
0100
3300
Business-type
Activities Enterprise Fund
Governmental
Activities Internal Service
Fund
3,586,780
3,586,780
1,482,287
1,482,287
2,668,550
289,419
603,362
107,597
11,500
3,680,428
87,508
84,796
83,835
840,696
14,750
1,111,585
(93,648)
370,702
1,168
1,168
(92,480)
370,702
Transfers
Transfers in
Transfers out
Total Transfers
668,563
(60,020)
608,543
(47,902)
(47,902)
516,063
322,800
28
712,937
1,229,000
1,751,080
2,073,880
Exhibit D-3
Business-type
Activities Enterprise Fund
Governmental
Activities Internal Service
Fund
3,451,556
(1,009,848)
(2,614,914)
(173,206)
1,415,162
(943,799)
(87,508)
383,855
668,563
(60,020)
(47,902)
608,543
(47,902)
1,168
1,168
436,505
966,462
1,402,967
335,953
1,621,171
1,957,124
$
$
1,402,967
1,402,967
$
$
1,957,124
1,957,124
370,702
29
(93,648)
11,500
14,750
(107,973)
(32,626)
19,323
53,636
(28,793)
5,375
(67,125)
(173,206)
64,034
1,494
383,855
Exhibit E-1
Data
Control
Codes
PrivatePurpose Trust
Fund
1260
1000
Assets
Cash and cash equivalents
Receivables:
Due from other funds
Total Assets
2110
2150
2170
2190
2000
Liabilities
Accounts payable
Payroll deductions and withholding
Due to other funds
Due to others
Total Liabilities
3800
Net Assets
Restricted - other
1110
294,329
2,209,002
294,329
60,110
2,269,112
30
9,487
9,487
Agency Funds
284,842
44,424
246,345
9,667
1,968,676
2,269,112
Exhibit E-2
Private Purpose
Trust Fund
Additions
Gifts and contributions
Earnings on investments
Total Additions
Deductions
Community Service
Total deductions
23,141
444
23,585
11,954
11,954
11,631
273,211
31
284,842
Exhibit F-1
32
Exhibit F-1
33
Exhibit F-1
34
Exhibit F-1
35
Exhibit F-1
36
Exhibit F-1
37
Exhibit F-1
Years
Infrastructure
Buildings
Building Improvements
Temporary Buildings
Buses
Furniture, Fixtures and Equipment
Vehicles
50
40
40
40
15
5
10
6. Long-Term Obligations
In the government-wide financial statements and proprietary fund types in the fund financial
statements, long-term debt and other long-term obligations are reported as liabilities in the
applicable governmental activities, business-type activities, or proprietary fund type statement of
net assets.
Bond premiums and discounts, as well as issuance costs, are deferred and amortized over the life
of the bonds using the effective interest method. Bonds payable are reported net of the applicable
bond premium or discount. Bond issuance costs are reported as deferred charges and amortized
over the term of the related debt. Accretion of interest on the Capital Appreciation Bonds is
recorded at the accreted value through the end of the fiscal year.
In the fund financial statements, governmental fund types recognize bond premiums and
discounts, as well as bond issuance costs, during the current period. The face amount of debt
issued is reported as other financing sources. Premiums received on debt issuances are reported
as other financing sources while discounts on debt issuances are reported as other financing uses.
7. Transactions Between Funds
Transactions which constitute reimbursements to a fund for expenditures or expenses initially
made from that fund, which are properly attributable to another fund, are recorded as expenditures
or expenses in the reimbursing fund and as reductions of the expenditures or expenses in the fund
that is reimbursed.
Other legally authorized transfers are treated as operating transfers and are included in the results
of operations of the governmental funds.
38
Exhibit F-1
39
Exhibit F-1
40
Exhibit F-1
41
Exhibit F-1
42
Exhibit F-1
43
Exhibit F-1
44
Exhibit F-1
Cash and
Deposits
Governmental Funds
General Fund
Special Revenue Fund
Debt Service Fund
Capital Projects Fund
Total Governmental Funds
Proprietary Funds
Enterprise Fund
Internal Service Fund
Total Proprietary Funds
Fiduciary Funds
Trust Fund
Agency Funds
Total Fiduciary Funds
Total Cash and Investments
35,672
4,292,871
428
10,256,937
14,585,908
Money Market
& Certificates
of Deposit
$
5,515
7,753
13,268
221,305
1,957,124
2,178,429
$ 11,674,792
978,531
1,818,110
54,394,916
68,866,349
Investments
Securities
$ 62,840,344
19,962,061
105,431,373
188,233,778
1,181,662
9,477
1,471,360
1,480,837
$ 18,245,174
External
Investment
Pools
Total
$ 74,556,323
5,279,155
21,780,599
170,083,226
271,699,303
1,181,662
1,402,967
1,957,124
3,360,091
470,845
470,845
284,852
266,797
551,649
294,329
2,209,002
2,503,331
484,113
$ 70,599,660
$ 188,233,778
$ 277,562,725
The Districts investments are insured, registered, or the Districts agent holds the securities in the
Districts name. Therefore, the District is not exposed to custodial credit risk. Custodial Credit risk for
investments is the risk that, in event of the failure of the counterparty (e.g. broker dealer) to a transaction,
a government will not be able to recover the value of its investments or collateral securities that are in the
possession of another party. The Districts policy requires that a third party bank trust department hold all
securities owned by the District.
The District generally holds all U.S. government securities to maturity. The District did not purchase any
derivative investment products during the current year nor participate in any reverse repurchase
agreements or security lending agreements during the fiscal year 2011.
45
Exhibit F-1
Fair
Value
Investment Type
Certificates of Deposit
Money Market
Total
355,744
128,369
484,113
Percentage
of
Investments
0.14%
0.05%
55,335,980
12,412,004
2,851,676
70,599,660
AAAm
AAAm
AAAm
21.34%
4.79%
1.10%
15,124,500
AAA
5.83%
22,487,875
50,016,000
87,628,375
AAA
AAA
8.67%
19.29%
5,000,000
10,000,000
14,615,000
15,044,535
19,215,000
4,995,905
6,500,000
10,000,000
5,234,963
10,000,000
100,605,403
188,233,778
A-1+
A-1+
A-1+
A-1+
A-1+
A-1+
A-1+
A-1+
AA+
A-1
1.93%
3.86%
5.64%
5.80%
7.41%
1.93%
2.51%
3.86%
2.02%
3.86%
$ 259,317,551
46
S&P Credit
Quality
Ratings
100.00%
Exhibit F-1
Fair
Value
Governmental Activities:
Investment Type
Money Market
13,268
0.02%
55,177,918
10,836,755
2,851,676
68,866,349
21.46%
4.21%
1.11%
45
50
40
15,124,500
22,487,875
50,016,000
5,000,000
10,000,000
14,615,000
15,044,535
19,215,000
4,995,905
6,500,000
10,000,000
5,234,963
10,000,000
188,233,778
5.88%
8.75%
19.45%
1.94%
3.89%
5.68%
5.85%
7.47%
1.94%
2.53%
3.89%
2.04%
3.89%
240
109
371
6
54
9
62
44
118
95
35
46
8
$ 257,113,395
Business-Type Activities:
Local Government Investment Pools:
TexPool
TexSTAR
Total Business-Type Activities
$
$
Fiduciary Funds
Investment Type
Certificate of Deposit
Money Market
Percentage
Investments
Weighted
Average
Maturity
(Days)
125
158,062
1,023,600
1,181,662
13.38%
86.62%
45
50
49
355,744
115,101
34.79%
11.26%
188
1
551,649
53.95%
50
1,022,494
92
Total Investments
$ 259,317,551
124
47
Exhibit F-1
48
Exhibit F-1
General Fund
Debt Service Fund
Capital Projects Fund
Special Revenue and Other Special-Purpose Funds
The Districts Investment Policy seeks to control credit risk. Such risk is controlled by investing in
compliance with the Districts Investment Policy, qualifying the broker and financial institutions with
whom the District will purchase investments, sufficient collateralization, portfolio diversification, and
limiting maturity.
On August 5, 2011, Standard & Poors lowered the long-term sovereign debt rating of the United States
of America from AAA to AA+. Subsequently, on August 8, 2011, Standard & Poors lowered the longterm credit ratings for the Government Sponsored Enterprises (GSEs), including Fannie Mae (FNMA),
Freddie Mac (FHLMC), Federal Farm Credit Bank (FFCB), and Federal Home Loan Bank (FHLB) from
AAA to AA+.
Interest Rate Risk
Interest rate risk is the risk that changes in interest rates may adversely affect the value of the investments.
The District monitors interest rate risk utilizing weighted average maturity analysis. In accordance with
the Investment Policy, the District reduces its exposure to declines in fair market values by limiting the
weighted average maturity of its investment portfolio to no more than 365 days, with the exception of
debt service and capital projects funds which are matched to a specific cash flow for liquidity. In
addition, the District shall not directly invest in an individual security maturing more than three years
from the date of purchase. All investments at year-end complied with the Investment Policy in regard to
maximum maturity dates and weighted average maturity limitations.
49
Exhibit F-1
Interest Income
Net Increase in Fair Value of Investments
Total Investment Income
Governmental
Funds
$
740,926
74,901
$
815,827
Proprietary
Fund
$
1,168
1,168
Total
742,094
74,901
816,995
50
Exhibit F-1
Debt Service
Fund
$ 2,572,543
5,916,858
8,489,401
5,071,159
13,560,560
(5,197,793)
$ 8,362,767
718,660
778,357
1,497,017
849,459
2,346,476
(793,049)
$ 1,553,427
Totals
$ 3,291,203
6,695,215
9,986,418
5,920,618
15,907,036
(5,990,842)
$ 9,916,194
General
Fund
Due From Other Governments
Federal
State
Total Due from Other Governments
Special Revenue
Fund
17,228,933
$ 17,228,933
8,017,978
491,474
8,509,452
Total
$
8,017,978
17,720,407
$ 25,738,385
General
Fund
Due To Other Governments
State:
Texas Education Agency
Other (Local Governments, Universities and Other)
Total Due To Other Governments
$ 1,288,293
$ 1,288,293
51
Special Revenue
Fund
$
$
4,308
4,308
Total
$ 1,288,293
4,308
$ 1,292,601
Exhibit F-1
382,735
240,000
43
5,560,098
6,182,876
Proprietary Funds
Enterprise Fund
Internal Service Fund
Total Proprietary Funds
Fiduciary Funds
Agency Funds
Total Fiduciary Funds
Total - All Funds
Interfund
Payables
972,736
266,001
5,187,116
6,425,853
146,816
67,125
213,941
19,913
1,494
21,407
60,110
60,110
9,667
9,667
6,456,927
6,456,927
Interfund transfers are defined as flow of assets without equivalent flows of assets in return and without
a requirement for repayment. Interfund transfers during the year ended June 30, 2010, were as follows:
Transfers In
Debt Service
Fund
General
Fund
Transfer Out:
General Fund
Capital Projects Fund
Enterprise Fund
Internal Service Fund
Enterprise
Fund
$
668,563
668,563
$ 1,016,485
240,000
60,020
47,902
$
107,922
240,000
Total
668,563
240,000
60,020
47,902
General Fund transfer to Enterprise for childcare deficit. Capital Projects transfer to Debt Service was to
sustain a low Debt Service rate due to collections for the 2007 Bond program. Enterprise and Internal
Service transfer to General Fund for Capital Assets.
52
Exhibit F-1
Business-type Activities
Capital Assets being depreciated:
Furniture and equipment
Vehicles
Total Capital assets, being
Depreciated at historical cost
Additions
Retirements
and Transfers
Balance
June 30,
2011
1,209,499
120,026,745
$
(126,530,602)
$ 23,119,709
138,850,324
167,264,391
121,236,244
(126,530,602)
161,970,033
492,590,901
13,853,272
18,885,010
5,578,423
2,599,256
314,683
89,559,327
(2,317,763)
(463,734)
582,150,228
14,134,765
18,735,959
5,578,423
530,907,606
2,913,939
86,777,830
620,599,375
(164,547,843)
(9,508,577)
(7,080,248)
(5,346,620)
(186,483,288)
(10,265,638)
(1,480,620)
(1,281,983)
(184,308)
(13,212,549)
27,533,548
1,649,148
389,105
(147,279,933)
(9,340,049)
(7,973,126)
(5,530,928)
(170,124,036)
21,910,210
145,354,181
29,571,801
$ 511,688,709
$ 110,937,634
$ (10,180,971)
$ 612,445,372
99,225
12,153
(12,153)
99,225
99,225
(2,793)
(8,708)
(11,501)
(11,437)
(11,437)
Business-type Activities
Capital Assets, Net
Totals
$ 511,776,497
87,788
53
12,153
87,072
(11,501)
$ 110,926,133
(2,793)
(20,145)
(22,938)
76,287
$ (10,180,971)
$ 612,521,659
Exhibit F-1
Vehicles
Accumulated Depreciation
Balance
June 30, 2011
147,500
(31,958)
$
115,542
Depreciation expense of the governmental activities was charged to the functions/programs as follows:
Depreciation
Expense
Governmental Activities Depreciation Expense:
11 Instruction
12 Instructional Resources and Media Services
13 Curriculum and Instructional Staff Development
21 Instructional Leadership
31 Guidance and Counseling Services
34 Student Transportation
35 Food Services
36 Cocurricular/Extracurricular activities
41 General Administration
51 Facilities Maintenance and Operations
52 Security and Monitoring Services
53 Data Processing Services
61 Community Services
Total Governmental Activities Depreciation Expense
Business-type Activities Depreciation Expense:
36 Cocurricular/Extracurricular activities
51 Plant Maintenance and Operations
61 Community Services
Total Business-type Activities Depreciation Expense
54
$ 11,376,455
18,163
43,218
2,117
809
1,010,200
155,360
113,005
20,485
246,593
98,946
123,800
3,398
$ 13,212,549
1,594
8,444
1,463
11,501
Exhibit F-1
Description of Project
Memorial High
Northbrook High
Spring Woods High
Stratford High
Guthrie Center
Westchester Academy
Science Center
Spring Branch Education Center
Landrum Middle
Memorial Middle
Northbrook Middle
Spring Branch Middle
Spring Forest Middle
Spring Oaks Middle
Spring Woods Middle
Bendwood
Buffalo Creek Elementary
Bunker Hill Elementary
Cedar Brook Elementary
Edgewood Elementary
Frostwood
Housman Elementary
Meadow Wood Elementary
Memorial Drive Elementary
Nottingham Elementary
Pine Shadows Elementary
Ridgecrest Elementary
Rummel Creek Elementary
Shadow Oaks Elementary
Sherwood Elementary
Spring Branch Elementary
Spring Shadows Elementary
Terrace Elementary
Thornwood Elementary
Treasure Forest Elementary
Valley Oaks Elementary
Westwood Elementary (new)
Westwood Elementary (old)
Wilchester Elementary
Woodview Elementary
Bear Blvd
Lion Lane
Panda Path
Tiger Trail
561,393
508,484
2,966,920
500,689
3,406,514
3,540,675
2,805,047
7,294,815
9,059,512
197,189
1,878,117
177,246
3,401,412
12,120,567
323,511
1,485,791
9,984,731
977,630
1,747,848
2,250,633
13,859,172
1,877,474
13,240,895
1,906,002
1,674,992
623,394
1,775,965
8,419
12,837,020
1,467,912
6,977
26,387
55
Approved
Project
Budget
$ 14,153,353
7,317,794
7,843,707
12,467,017
1,593,924
4,763,531
1,978,591
18,615,394
3,712,783
2,016,427
12,745,799
11,319,414
12,255,379
10,922,401
11,166,997
4,080,197
1,978,117
783,076
3,501,412
21,428,339
21,662,018
20,517,209
16,478,982
265,803
1,082,058
22,033,374
2,709,124
25,585,732
19,130,242
1,981,902
19,780,432
2,138,786
1,771,534
1,391,817
1,871,466
24,147,864
308,709
562,673
18,263,280
2,960,719
676,620
875,263
481,472
674,425
Estimated
Remaining
Commitment
$ 7,177,064
4,708,017
2,135,134
12,073,460
1,593,924
4,202,138
1,978,591
18,106,910
745,863
1,515,738
9,339,285
7,778,739
9,450,332
3,627,586
2,107,485
3,883,008
100,000
605,830
100,000
9,307,772
21,338,507
19,031,418
6,494,251
265,803
104,428
20,285,526
2,709,124
23,335,099
5,271,070
104,428
6,539,537
232,784
96,542
768,423
95,501
24,139,445
308,709
562,673
5,426,260
1,492,807
676,620
868,286
455,085
674,425
Exhibit F-1
Description of Project
Wildcat Way
Ag Farm
Tax Office
District Wide Programs
Technology Training Center
Admin Building
Gessner Warehouses
Athletic Complexes
Natatorium
Transition Campus
Transportable Buildings
Contingency and fees
132,967
2,309,988
$ 138,850,324
Approved
Project
Budget
$
875,263
350,883
1,205,555
797,869
1,317,000
3,122,322
2,956,883
965,921
4,442,102
1,898,064
333,924
34,277,048
$ 424,537,990
Estimated
Remaining
Commitment
$
866,383
27,996
1,175,685
228,347
1,290,713
2,674,196
2,479,273
965,621
99,744
1,898,064
200,957
31,967,060
$ 285,687,666
56
Exhibit F-1
Bonds Payable
General Obligation Bonds
Less Deferred Loss on
Refunding Bonds
Plus Premiums on
Bonds at Issuance
Total Bonds Payable
Accretion on Compound
Interest Bonds
Compensated Absences
Capital Lease
Total Long-Term Debt
Balance
July 1,
2010
Issued
and
Additions
Retired
and
Refunded
Balance
June 30,
2011
Due Within
One
Year
$ 613,833,009
$137,910,000
$ (66,640,313)
$ 685,102,696
$ 19,797,695
(6,582,480)
(2,084,082)
543,083
(8,123,479)
23,152,855
630,403,384
10,038,466
145,864,384
(2,389,745)
(68,486,975)
30,801,576
707,780,793
19,797,695
4,718,422
12,321,365
2,309,240
$ 649,752,411
279,243
(1,939,686)
(2,196,709)
(165,807)
$ (72,789,177)
3,057,979
10,124,656
2,143,433
$ 723,106,861
896,791
181,462
$ 20,875,948
$146,143,627
Bonds Payable
Bonded debt, at June 30, 2011, is comprised of the following individual issues:
2000
2001
2004
2005
2007
2007
2008
2009A
2009B
2010
2010A
2010B
Series
Schoolhouse Bonds
CABS
Schoolhouse Bonds
Schoolhouse Bonds
Schoolhouse Bonds
CABS
Schoolhouse Bonds
Schoolhouse Bonds
Schoolhouse Bonds
Refunding Bonds
Schoolhouse Bonds
BABS
Issue
Interest
Amount
Rate (%)
Matures
25,000,000
5.75 - 7.50
2025
1,698,009
4.85 - 4.99
2012
50,000,000
3.50 - 4.75
2018
90,675,000
2.50 - 5.00
2025
162,370,000
4.00-5.625
2025
670,000
3.98
2012
194,600,000
2.50 - 5.00
2038
61,720,000
5.00
2030
62,085,000
5.892
2039
37,910,000
5.00
2018
25,000,000
4.00 & 5.00
2025
75,000,000
5.538 & 6.038
2039
Total Bonds Payable
Less Unamortized Refunding Loss
Plus Unamortized Premiums on Issuance
Total Bonds Payable
Less Current Portion
Long-Term Portion Bonds Payable
57
Amount
Outstanding
$ 1,100,000
917,696
12,875,000
72,770,000
161,595,000
670,000
173,460,000
61,720,000
62,085,000
37,910,000
25,000,000
75,000,000
685,102,696
(8,123,479)
30,801,576
707,780,793
19,797,695
$ 687,983,098
Exhibit F-1
Principal
$ 19,797,695
24,135,000
23,375,000
25,490,000
29,585,000
30,640,000
32,185,000
31,260,000
31,645,000
33,080,000
25,520,000
26,710,000
27,680,000
29,305,000
28,065,000
16,275,000
17,020,000
17,815,000
18,640,000
19,515,000
20,355,000
21,255,000
22,175,000
23,145,000
24,165,000
25,215,000
26,315,000
14,740,000
685,102,695
19,797,695
$665,305,000
Interest
$ 39,683,211
33,994,639
32,851,889
31,646,577
30,326,671
28,847,421
27,316,921
25,748,121
24,300,727
22,880,876
21,366,273
20,168,723
18,887,873
17,561,048
16,155,598
14,792,383
13,937,586
13,062,429
12,127,112
11,148,683
10,046,914
8,898,071
7,698,855
6,448,150
5,143,181
3,781,188
2,360,524
878,350
$ 502,059,995
Total
$ 59,480,906
58,129,639
56,226,889
57,136,577
59,911,671
59,487,421
59,501,921
57,008,121
55,945,727
55,960,876
46,886,273
46,878,723
46,567,873
46,866,048
44,220,598
31,067,383
30,957,586
30,877,429
30,767,112
30,663,683
30,401,914
30,153,071
29,873,855
29,593,150
29,308,181
28,996,188
28,675,524
15,618,350
$ 1,187,162,690
The District is in compliance with all significant bond compliance requirements. As of June 30, 2011, the
District had $172.1 million authorized but unissued bonds.
58
Exhibit F-1
Capital
Appreciation
Bonds
2001
2007
Total
CABS
CABS
Maturity
2012
2012
Maturity
Value
of
Bonds
Original
Bond
Principal
Amount
Accreted
Interest
On
Bonds
Accreted
Value
of Bonds
at Year End
$ 2,650,000
2,120,000
$ 4,770,000
$ 917,695
670,000
$1,587,695
$ 1,656,650
1,401,329
$ 3,057,979
$ 2,574,345
2,071,329
$ 4,645,674
59
Exhibit F-1
Principal
181,462
198,071
215,671
234,314
252,498
265,987
278,070
290,701
226,659
2,143,433
181,462
$ 1,961,971
Interest
92,769
84,389
75,250
65,308
54,513
42,999
30,917
18,286
5,081
$
469,512
Total
274,231
282,460
290,921
299,622
307,011
308,986
308,987
308,987
231,740
2,612,945
60
Exhibit F-1
General
Net Property Taxes Receivable
Proceeds - Expenditure Driven Grants:
Federal
State
Local
Other Deferred Revenue
Total Deferred Revenue
7,843,912
Debt
Service
Total
$ 1,348,430
9,192,342
70,187
151,791
105,330
454,402
9,974,052
70,187
151,791
105,330
$
454,402
8,298,314
327,308
$ 1,348,430
7,843,912
1,348,430
9,192,342
61
Unearned
$
327,308
454,402
781,710
Total
$ 7,843,912
1,348,430
327,308
454,402
$ 9,974,052
Exhibit F-1
$ 4,234,600
12,859,848
9,989,773
339,404
23,189,025
$ 27,423,625
Property Taxes
Penalties, Interest and
Other Related Tax Income
Tuition and Fees
Investment Income
Food Sales
Cocurricular Activities
Insurance Recovery
Other
Total
General
182,368,594
1,257,699
1,185,472
220,512
373,420
78,116
465,905
185,949,718
Special
Revenue
$
Debt
Service
$ 54,254,334
Capital
Projects
$
Total
$ 236,622,928
1,585,173
1,185,472
815,827
3,314,490
373,420
326,670
8,267,219
$ 252,491,199
327,474
3,427
3,314,490
7,800,829
$ 11,118,746
62
41,716
550,172
$ 54,623,524
248,554
485
799,211
Exhibit F-1
CFDA
Number
Program or Grant
Indirect Costs:
ESEA, Title IV - SDFSC
ESEA, Title I, Part A - Basic
Title II, Part D - Enhancing Education Through Technology - ARRA
IDEA, Part B - Formula
ESEA, Title II, Part A - TPTR
ESEA, Title II, Part D - Enhancing Education Through Technology
IDEA, Part B - Formula - ARRA
ESEA, Title I, Part A - Improving Basic Programs - ARRA
GEAR UP and Project UP
Mentoring Program Grants
Total Indirect Costs
84.186A
84.010A
84.386A
84.027A
84.367A
84.318X
84.391A
84.389A
84.334A
84.184B
Direct Costs:
Medicaid Program
SHARS Program
ROTC
Federal Flood Control Program
Total Direct Costs
93.998
n/a
n/a
n/a
Amount
Recorded in
General Fund
170,003
3,672,376
79,767
4,684
3,926,830
$
63
235
137,566
4,976
70,000
25,954
2,629
25,435
58,198
5,756
651
331,400
4,258,230
Exhibit F-1
Exhibit F-1
Fiscal
Year
2009
2010
2011
State TRS
Contributions
Made on Behalf
of the District
$ 10,060,481
10,292,034
10,477,996
District
Required
Contributions
to TRS
$ 3,095,781
3,394,939
3,484,401
Employees
Contributions
to
TRS
$ 12,793,187
13,364,225
13,418,691
District's
Annual
Covered
Payroll
$ 199,893,549
208,816,771
209,668,678
The contributions made by the State on behalf of the District have been recorded in the financial
statements of the District as both state revenues and payroll expenditures. These contributions are the
legal responsibility of the State.
TRS issues a publicly available financial report that includes financial statements and required
supplementary information for the defined benefit pension plan. The report may be obtained by writing
to the TRS Communications Department, 100 Red River Street, Austin, Texas 78701, by calling the TRS
Communications Department at 1-800-223-8778; or by downloading the report from the TRS website
(www.trs.state.tx.us) under the TRS Publications heading.
65
Exhibit F-1
Fiscal
Year
2009
2010
2011
State TRS
Contributions
Made on Behalf
of the District
$
1,869,539
1,926,301
1,935,953
District
Required
Contributions
to TRS
$ 1,238,777
1,310,925
1,314,038
Employees
Contributions
to
TRS
$ 1,299,308
1,357,322
1,362,910
District's
Annual
Covered
Payroll
$ 199,893,549
208,816,771
209,668,678
The contributions made by the State on behalf of the District have been recorded in the financial
statements of the District as both state revenues and payroll expenditures. These contributions are the
legal responsibility of the State.
The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 established prescription
drug coverage for Medicare beneficiaries known as Medicare Part D. Under Medicare Part D, TRS-Care
retiree drug subsidy payments from the federal government to offset certain prescription drug
expenditures for eligible TRS-Care participants. For the years ended June 30, 2011, 2010 and 2009, the
subsidy payments received by TRS-Care on behalf of the District were $552,968, $521,368, and
$462,999, respectively. These payments are recorded as equal revenues and expenditures in the
governmental funds financial statement of the District.
66
Exhibit F-1
67
Exhibit F-1
68
Exhibit F-1
Governmental
Activities
$ 129,306,155
General
Fund
$ 67,067,506
1,500,000
1,500,000
$ 130,806,155
69
68,567,506
70
71
Data
Control
Codes
5700
5800
5900
5020
0011
0012
0013
0021
0023
0031
0032
0033
0034
0036
0041
0051
0052
0053
0061
0071
0081
0091
0095
0099
6030
1100
7912
7915
8911
7080
1200
0100
1300
3000
Budgeted Amounts
Final
Original
Amended
Revenues
Local and Intermediate Sources
State Program Revenues
Federal Program Revenues
Total Revenues
$ 180,946,294
61,972,478
2,970,001
245,888,773
$185,778,991
60,356,976
3,870,040
250,006,007
$ 185,949,718
59,931,926
4,258,230
250,139,874
154,016,518
4,501,604
3,655,244
2,972,131
17,456,455
10,640,348
182,936
2,913,654
6,126,609
4,940,343
6,069,037
25,043,233
3,258,404
4,830,746
528,938
266,242
5,000
80,000
154,360,485
4,522,691
4,193,778
3,139,163
17,482,980
10,856,525
277,936
3,007,380
7,419,989
5,180,164
6,701,772
25,640,401
3,357,748
6,413,101
675,868
266,242
24,018
4,550,000
83,160
154,358,327
4,345,069
4,019,948
3,011,302
17,375,628
10,649,053
220,027
2,936,968
6,890,865
5,111,964
6,473,670
25,571,199
3,220,723
5,390,934
652,747
266,242
2,680
2,657,017
83,160
1,950,000
249,437,442
2,016,523
260,169,924
2,002,289
255,239,812
Expenditures
Current:
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Debt Service
Capital outlay
Purchase of WADA
Payments to Juvenile Justice Alternative
Education Programs
Other Intergovernmental Charges
Total Expenditures
Excess (Deficiency) of Revenues Over (Under)
Expenditures
(3,548,669)
Actual
Amounts
GAAP Basis
117,205
116,279
50,000
(668,563)
(551,358)
(668,563)
(552,284)
(10,715,275)
(5,652,222)
67,067,506
72
(5,099,938)
50,000
(3,498,669)
(10,163,917)
63,568,837
67,067,506
1,500,000
$ 57,852,231
67,067,506
1,500,000
62,915,284
Exhibit G-1
Variance With
Final Budget
Positive
(Negative)
170,727
(425,050)
388,190
133,867
2010
Actual
$ 188,807,634
56,442,202
2,294,364
247,544,200
2,158
177,622
173,830
127,861
107,352
207,472
57,909
70,412
529,124
68,200
228,102
69,202
137,025
1,022,167
23,121
154,621,942
3,473,923
3,881,000
3,264,934
17,157,808
10,125,626
362,659
2,995,417
6,217,563
4,824,512
6,982,218
25,322,551
3,173,402
7,491,695
713,314
367,934
69,443
21,338
1,892,983
75,600
14,234
4,930,112
1,478,151
252,599,692
5,063,979
(5,055,492)
(926)
53,008
78,451
(926)
131,459
5,063,053
(4,924,033)
71,991,539
5,063,053
67,067,506
73
Exhibit G-2
Data
Control
Codes
Budgeted Amounts
Final
Original
Amended
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0035
0051
0052
6030
1100
7,912
7080
1200
0100
3000
Actual
Amounts
GAAP Basis
$ 3,667,000
402,000
11,620,000
15,689,000
$ 3,639,500
402,000
11,718,433
15,759,933
$ 3,318,988
457,335
12,179,003
15,955,326
Expenditures
Food Services
Facilities Maintenance and Operations
Security and Monitoring Services
Total Expenditures
16,131,250
551,000
24,700
16,706,950
16,226,853
551,000
30,765
16,808,618
15,816,255
549,990
29,847
16,396,092
(1,017,950)
(1,048,685)
Variance With
Final Budget
Positive
(Negative)
(440,766)
2010
Actual
(320,512) $ 3,575,822
55,335
513,307
460,570
11,729,890
195,393
15,819,019
410,598
1,010
918
412,526
14,942,597
599,986
24,715
15,567,298
607,919
251,721
607,919
251,721
607,919
2,666,023
$ 2,917,744
16,858
16,858
(1,017,950)
2,917,744
$ 1,899,794
74
(1,048,685)
2,917,744
$ 1,869,059
(423,908)
2,917,744
$ 2,493,836
Exhibit G-3
75
76
77
78
Exhibit H-1
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ORIGINAL BUDGET, AMENDED FINAL AND ACTUAL
DEBT SERVICE FUND
For the Years Ended June 30, 2011 and 2010
Budgeted Amounts
Final
Amended
Original
Data
Control
Codes
5700
5900
5020
Revenues
Local, Intermediate and Out-of-State
Federal Revenues
Total Revenues
0071
0072
0073
6030
1100
7911
7915
7916
8940
7080
1200
0100
3000
Actual
Amounts
GAAP Basis
$ 54,198,250
1,280,316
55,478,566
$ 54,526,384
1,280,316
55,806,700
$ 54,623,524
1,280,317
55,903,841
Expenditures
Debt Service:
Principal on Long-Term Debt
Interest on Long-Term Debt
Bond issuance costs and fees
Total Expenditures
23,940,313
32,692,656
50,000
56,682,969
23,940,350
31,856,350
10,000
55,806,700
23,940,313
31,799,980
(1,204,403)
(1,204,403)
22,355,137
$21,150,734
79
$ 55,409,158
327,192
55,736,350
28,995,000
27,238,906
55,740,293
37
56,370
10,000
66,407
163,548
163,548
37,910,000
240,000
6,730,277
(45,416,762)
(536,485)
(476,485)
(372,937)
22,355,137
$ 21,982,200
2010
Actual
97,140
1
97,141
37,910,000
300,000
6,730,277
(45,416,762)
(476,485)
22,355,137
$ 21,878,652
Variance
With Final
Budget
Positive
(Negative)
56,233,906
(497,556)
(60,000)
3,500,000
5,778,265
(60,000)
9,278,265
103,548
8,780,709
103,548
13,574,428
$ 22,355,137
80
Fiduciary Funds
Agency Fund
Accounts for assets held by the District as an agent
for employees and various student groups throughout the District.
Student Activity Fund
Accounts for assets held for various student groups throughout the District.
Employee Flex Plan Fund
Accounts for assets held for the employees contributions to the Districts Flex Plan.
81
Exhibit H-2
Balance
July 1,
2010
Student Activities
Assets:
Cash and cash equivalents
Investments
Due From Other Funds
Total Assets
Liabilities:
Accounts payable
Due to Other Funds
Due to Student Groups
Total Liabilities
1,728,053
1,728,053
$4,097,190
51,068
60,110
$4,208,368
3,918,816
3,918,816
2,188,989
2,000
502,726
2,693,715
1,728,053
1,728,053
$2,233,413
6,505
743,349
$2,983,267
44,424
4,505
1,968,676
2,017,605
$4,712,949
100,000
$4,812,949
251,507
4,555,245
733,677
5,288,922
251,507
$4,259,557
5,162
$4,264,719
4,740,692
4,740,692
246,345
5,162
251,507
$8,810,139
51,068
160,110
$9,021,317
8,474,061
733,677
9,207,738
$2,233,413
4,259,557
11,667
743,349
$7,247,986
$
$
93,803
633,677
727,480
Liabilities:
Payroll Deductions and
Withholdings Payable
Due to Other Funds
Total Liabilities
727,480
727,480
1,821,856
633,677
2,455,533
Liabilities:
Accounts Payable
Payroll deductions and withholding
Due to Other Funds
Due to Student Groups
Total Liabilities
$
727,480
Deductions
Additions
Balance
June 30,
2011
1,728,053
2,455,533
82
2,188,989
4,740,692
2,000
502,726
7,434,407
1,906,427
51,068
60,110
2,017,605
2,157,934
51,068
60,110
2,269,112
44,424
246,345
9,667
1,968,676
2,269,112
83
Total
3
Assessed/Appraised
Value for School
Tax Purposes (A)
Various
Various
Tax Rates
Maintenance Debt Service
10
Beginning
Balance
7/1/10
Fiscal
Year
Tax
Year
2002
and prior
2001
and prior
2003
2002
1.5850
0.2250
1.8100
11,744,714,990
660,820
2004
2003
1.5850
0.2250
1.8100
12,405,370,340
516,351
2005
2004
1.5750
0.2350
1.8100
12,977,434,570
684,673
2006
2005
1.5750
0.2350
1.8100
13,532,490,976
728,400
2007
2006
1.4365
0.1950
1.8100
14,561,929,849
740,803
2008
2007
1.0900
0.1950
1.2850
16,060,095,592
689,630
2009
2008
1.0900
0.2925
1.3825
16,513,320,868
1,096,325
2010
2009
1.0900
0.3045
1.3945
17,544,385,745
4,282,557
2011
2010
1.0900
0.3045
1.3945
17,096,512,944
Various
Various
1000 Totals
84
1,562,743
10,962,302
Exhibit J-1
20
Current
Year's
Total Levy
31
Maintenance
and Operations
Collections
238,410,873
$ 238,410,873
27,481
32
Debt
Service
Collections
33
Total
Collections (B)
40
Entire
Year's
Adjustments
3,147
30,628
(328,021)
50
Ending
Balance
6/30/11
1,204,094
13,604
1,931
15,535
(3,611)
641,674
24,099
3,421
27,520
(4,974)
483,857
61,405
9,162
70,567
(19,165)
594,941
76,884
11,471
88,355
13,883
653,928
122,590
16,641
139,231
3,663
605,235
106,967
16,881
123,848
(22,845)
542,937
25,549
1,860
27,409
(340,460)
728,456
1,568,597
517,520
2,086,117
(956,347)
1,240,093
181,211,897
53,907,773
235,119,670
183,239,073
$ 54,489,807
$ 237,728,880
3,291,203
$ (1,657,877)
9,986,418
5,920,618
$ 15,907,036
85
Exhibit J-2
Account
Number
1
(702)
School
Board
Account
Name
Legal Services
Audit Services
Tax Appraisal and Collection
(Appraisal district costs only from
function 99)
621X
6240
6260
6290
6320
6330
63XX
6410
6420
6430
6490
6600
6000
TOTAL
15,490
2
(703)
Tax
Collection
$251,146
3
(701)
Supt's
Office
$
529,370
4
(750)
Indirect
Cost
$
3,865,580
5
(720)
Direct
Cost
$
6
(other)
Miscellaneous
Total
159,490
4,821,076
49,229
49,229
1,477,150
1,477,150
245,628
151,774
245,628
151,774
1,245
2,002,289
6,099
22,500
516,627
4,273
298
12,898
263,180
40
4,675
8,179
2,176
39,407
3,873
1,026
3,022
97,179
37,665
18,429
3,781
26,176
19,808
1,158
10,824
77,228
101,729
318,702
2,002,289
548,619
6,644
20,517
267,855
338
164,220
50,517
26,176
210,747
-
2148
6,644
3,346
$ 2,308,647 $ 571,313 $
6,548,550 $
295,567
Total expenditures/expenses for General and Special Revenue Funds
(plus Food Service Enterprise Fund if present)
$ 1,780,149
266,242
27,600,563
6,551,191
6,548,550
$ 42,746,695
10
11
12
13
14
15
16
17
18
19
20
10,042,779
$312,406,537
42,746,695
$
269,659,842
582,150,228
53,296,452
943,913
14,146,918
1,307,840
978,878
$
20,441 in Function 53 expenditures are included in this report on administrative costs.
$ 2,002,289 in Function 99 expenditures for appraisal district costs are included in this report on
administrative costs.
86
Exhibit J-4
This exhibit includes budget and actual information for selected special revenue fund programs. These
budgets are either approved and controlled by the federal government, state government, TEA, or are
established by the Districts administration to assist in controlling program expenditures and to aid
management generally in oversight of these programs. These budgets are not considered Board
appropriated budgets, but are reviewed by the Board in routine monthly financial reports received by
the Districts financial administrators.
In the case of federally funded programs (federal grants), most of which are passed through to the District
by TEA, the Board accepts federal or state approved program budgets through specific agreements related
to each grant received. In the case of local programs, the Districts administration sets these budgets for
purposes of controlling the use of program revenues.
Federal grants are included in program control codes 204 through 289. State grants are included in
program control codes 392 through 429. Local programs are included in program control codes 461
though 498.
Data control codes prescribed by TEA in the Financial Accountability System Resource Guide have been
included in this exhibit to provide consistency with financial reports that the Districts financial
administrators provide routinely to the Board and management.
87
204
Title IV, Part A Safe & Drug-Free Schools &
Communities
Variance
Positive
Budget
Actual
(Negative)
Data
Control
Codes
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
6030
Expenditures
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Capital Outlay
Payments to Districts of SSAs
Total Expenditures
1100
7912
7915
7080
1200
0100
3000
49,915
49,915
37,824
37,824
(12,091)
(12,091)
35,757
23,666
12,091
14,158
14,158
49,915
37,824
12,091
88
Exhibit J-4
Page 1 of 13
211
224
Budget
Variance
Positive
(Negative)
Actual
11,220,918
11,220,918
8,833,511
8,833,511
(2,387,407)
(2,387,407)
5,977,216
5,977,216
5,633,995
5,633,995
(343,221)
(343,221)
7,053,962
22,006
1,528,107
500,041
71,599
1,423,867
5,682,242
21,461
1,184,740
144,565
11,285
1,345,838
1,371,720
545
343,367
355,476
60,314
78,029
4,972,087
4,735,778
236,309
101,199
20,132
2
493,090
13,102
19,682
402,020
88,097
450
2
91,070
52,529
211,426
15,777
168,844
36,752
42,582
76,909
75,349
1,560
15,152
2,586
251
996
14,901
1,590
339,643
257,512
82,131
11,220,918
8,833,511
2,387,407
313,797
5,977,216
388,064
5,633,995
89
(74,267)
343,221
225
IDEA, Part B Preschool Grant
Variance
Positive
Budget
Actual
(Negative)
Data
Control
Codes
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
6030
Expenditures
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Capital Outlay
Payments to Districts of SSAs
Total Expenditures
1100
7912
7915
7080
1200
0100
3000
115,065
115,065
102,177
102,177
(12,888)
(12,888)
115,065
102,177
12,888
115,065
102,177
12,888
90
Exhibit J-4
Page 2 of 13
226
240
2,727
2,727
2,727
2,727
2,727
2,727
2,727
2,727
3,639,500
402,000
11,718,433
15,759,933
(320,512)
55,335
460,570
195,393
15,816,255
410,598
551,000
30,765
549,990
29,847
1,010
918
16,808,618
16,396,092
412,526
(1,048,685)
16,226,853
(1,048,685)
3,318,988
457,335
12,179,003
15,955,326
2,917,744
1,869,059
91
(440,766)
607,919
16,858
(16,858)
16,858
(16,858)
(423,908)
591,061
2,917,744
2,493,836
591,061
243
Voc Ed - Tech Prep
Data
Control
Codes
Budget
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
6030
Expenditures
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Capital Outlay
Payments to Districts of SSAs
Total Expenditures
1100
7912
7915
7080
1200
0100
3000
Variance
Positive
(Negative)
Actual
11,208
11,208
11,207
11,207
(1)
(1)
11,208
11,207
11,208
11,207
92
Exhibit J-4
Page 3 of 13
244
Voc Ed-Basic
Budget
Actual
440,000
440,000
439,274
439,274
(726)
(726)
376,584
375,859
725
62,176
1,240
62,175
1,240
440,000
Variance
Positive
(Negative)
439,274
255
Title II, Part A-Teacher & Principal Training &
Recruiting
Variance
Positive
Budget
Actual
(Negative)
726
2,502,011
2,502,011
1,664,805
1,664,805
(837,206)
(837,206)
1,988,491
487,393
1,235,245
406,303
753,246
81,090
26,127
23,257
2,870
2,502,011
1,664,805
837,206
93
262
Title II, Part D - Enhancing Education Through
Technology
Variance
Positive
Budget
Actual
(Negative)
Data
Control
Codes
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
6030
Expenditures
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Capital Outlay
Payments to Districts of SSAs
Total Expenditures
1100
7912
7915
7080
1200
0100
3000
346,048
346,048
264,402
264,402
(81,646)
(81,646)
56,266
41,381
14,885
214,802
74,980
155,399
67,622
59,403
7,358
346,048
264,402
81,646
94
Exhibit J-4
Page 4 of 13
263
266
Budget
Actual
Variance
Positive
(Negative)
1,660,105
1,660,105
1,269,317
1,269,317
(390,788)
(390,788)
8,818,423
8,818,423
8,818,423
8,818,423
1,224,836
1,071,350
153,486
6,088,251
6,088,251
382,586
170
145,285
169
237,301
1
871,585
89,792
871,585
89,792
318,412
318,412
1,450,383
1,450,383
8,818,423
8,818,423
52,513
52,513
1,660,105
1,269,317
390,788
95
274
Gear Up
Data
Control
Codes
Budget
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
6030
Expenditures
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Capital Outlay
Payments to Districts of SSAs
Total Expenditures
1100
7912
7915
7080
1200
0100
3000
Variance
Positive
(Negative)
Actual
515,827
515,827
369,287
369,287
(146,540)
(146,540)
126,158
89,621
36,537
1,867
285,690
133
6,014
82,899
1,828
206,564
133
2,735
57,812
39
79,126
126
125
721
1
581
140
1
12,218
9,888
2,330
515,827
369,287
146,540
3,279
25,087
96
Exhibit J-4
Page 5 of 13
279
Title II Part D ARRA
Budget
Variance
Positive
(Negative)
Actual
$
386,849
386,849
$
319,203
319,203
(67,646)
(67,646)
244
630,900
630,900
601,808
601,808
(29,092)
(29,092)
630,900
601,808
29,092
630,900
601,808
29,092
244
344,605
42,000
291,203
28,000
386,849
281
21st Century Community Learning Center HCDE
Variance
Positive
Budget
Actual
(Negative)
53,402
14,000
319,203
67,646
97
283
IDEA, Part B Formula - ARRA
Variance
Positive
Budget
Actual
(Negative)
Data
Control
Codes
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
6030
Expenditures
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Capital Outlay
Payments to Districts of SSAs
Total Expenditures
1100
7912
7915
7080
1200
0100
3000
2,066,383
2,066,383
1,631,493
1,631,493
(434,890)
(434,890)
1,776,266
1,406,717
369,549
121,402
141,992
76,409
122,178
44,993
19,814
26,723
26,189
534
2,066,383
1,631,493
434,890
98
Exhibit J-4
Page 6 of 13
284
285
Title I, Part A-Improving Basic Programs ARRA
Variance
Positive
Budget
Actual
(Negative)
90,234
90,234
87,199
87,199
(3,035)
(3,035)
4,227,806
4,227,806
3,778,704
3,778,704
(449,102)
(449,102)
90,234
87,199
3,035
3,865,214
3,518,600
346,614
71,382
62,667
4,745
48,425
51,458
2,675
22,957
11,209
2,070
5,616
1,050
1,985
3,631
1,050
217,132
155,561
61,571
4,227,806
3,778,704
449,102
90,234
87,199
3,035
99
287
Project Dual Language
Data
Control
Codes
Budget
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
6030
Expenditures
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Capital Outlay
Payments to Districts of SSAs
Total Expenditures
1100
7912
7915
7080
1200
0100
3000
Variance
Positive
(Negative)
Actual
48,506
48,506
46,197
46,197
(2,309)
(2,309)
2,300
2,300
36,683
34,978
1,705
9,523
8,919
604
48,506
46,197
2,309
100
Exhibit J-4
Page 7 of 13
289
Other federal programs-Clean School Bus
Grant, others
Variance
Positive
Budget
Actual
(Negative)
694,409
694,409
624,043
624,043
(70,366)
(70,366)
89,670
21,033
68,637
50,256
48,617
1,639
392
52,075
36,670
(15,405)
52,075
36,670
(15,405)
52,075
36,670
15,405
52,075
36,670
15,405
18,913
47,214
20,780
18,913
47,214
20,780
31,001
30,992
31,001
30,904
405,581
405,581
694,409
624,043
88
70,366
101
394
Life Skills Grant for Students Parents -RD 61
Variance
Positive
Budget
Actual
(Negative)
Data
Control
Codes
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
6030
Expenditures
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Capital Outlay
Payments to Districts of SSAs
Total Expenditures
1100
7912
7915
7080
1200
0100
3000
115,601
106,996
(8,605)
115,601
106,996
(8,605)
936
936
114,665
106,060
8,605
115,601
106,996
8,605
102
Exhibit J-4
Page 8 of 13
397
p
Teacher Pool / Teacher Training
Reimbursement
Variance
Positive
Budget
Actual
(Negative)
401
Optional Extended Year Program
Variance
Positive
Budget
Actual
(Negative)
199,068
76,220
(122,848)
1,962
1,962
199,068
76,220
(122,848)
1,962
1,962
191,328
450
7,290
69,830
450
5,940
121,498
1,962
1,962
199,068
76,220
122,848
1,962
1,962
1,350
103
404
Accelerated Reading Instruction
Variance
Positive
Budget
Actual
(Negative)
Data
Control
Codes
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
6030
Expenditures
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Capital Outlay
Payments to Districts of SSAs
Total Expenditures
1100
7912
7915
7080
1200
0100
3000
958,244
554,506
(403,738)
958,244
554,506
(403,738)
299,816
280,626
19,190
638,093
20,335
267,480
6,400
370,613
13,935
958,244
554,506
403,738
104
Exhibit J-4
Page 9 of 13
409
Texas High School Completion & Success,
Cycle 3
Variance
Positive
Budget
Actual
(Negative)
411
Technology Fund
Budget
Actual
448,893
172,901
(275,992)
876,512
876,512
448,893
172,901
(275,992)
876,512
876,512
212,968
90,347
122,621
477,711
280,922
196,789
39,582
162,339
4,611
68,779
34,971
93,560
1,339,648
186,638
1,153,010
1,817,359
467,560
1,349,799
(940,847)
408,952
1,349,799
(940,847)
408,952
1,349,799
940,847
$ 1,349,799
$ 1,349,799
34,004
9,164
24,840
448,893
172,901
275,992
940,847
$
Variance
Positive
(Negative)
105
415
Pre-Kindergaren Expansion Grant
Variance
Positive
Budget
Actual
(Negative)
Data
Control
Codes
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
6030
Expenditures
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Capital Outlay
Payments to Districts of SSAs
Total Expenditures
1100
7912
7915
7080
1200
0100
3000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
106
Exhibit J-4
Page 10 of 13
423
Limited English Proficient Student Success
Initiative
Variance
Positive
Budget
Actual
(Negative)
State Funded
Budget
Variance
Positive
(Negative)
Actual
296,395
106,463
(189,932)
61,391
37,537
(23,854)
296,395
106,463
(189,932)
61,391
37,537
(23,854)
113,610
52,927
60,683
45,373
32,711
12,662
172,212
10,573
46,756
6,780
125,456
3,793
8,657
4,540
4,117
7,361
286
7,075
61,391
37,537
23,854
296,395
429
106,463
189,932
107
461
Campus Activity Fund
Data
Control
Codes
Budget
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
6030
Expenditures
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Capital Outlay
Payments to Districts of SSAs
Total Expenditures
1100
7912
7915
7080
1200
0100
3000
Actual
862,335
1,616
$ 1,012,379
863,951
1,012,379
148,428
1,178,419
175,731
589,675
55,468
588,744
120,263
455,906
47,029
301,582
154,324
47,029
78,188
33,676
44,512
71,138
6,480
9,107
53,237
3,683
806
4,721
70,332
1,759
9,107
29,023
3,683
24,214
2,078,918
Variance
Positive
(Negative)
150,044
(1,616)
1,010,142
1,068,776
(1,214,967)
2,237
1,217,204
(1,214,967)
2,237
1,217,204
789,988
792,225
$ 1,217,204
108
789,988
(424,979)
Exhibit J-4
Page 11 of 13
480
481
Locally Funded
Budget
223,738
Actual
117,166
Budget
Actual
(106,572)
$ 3,328,603
$ 3,771,984
3,328,603
3,771,984
443,381
3,328,603
37,547
3,291,056
3,328,603
37,547
3,291,056
3,734,437
3,734,437
3,734,437
3,734,437
75,226
$ 3,809,663
$ 3,734,437
223,738
117,166
(106,572)
57,591
555
1,531
4,505
28,953
796
28,638
555
1,531
3,709
155,974
86,209
69,765
1,643
700
943
500
481
19
1,439
27
1,412
223,738
117,166
106,572
Variance
Positive
(Negative)
75,226
75,226
109
443,381
484
Visually Impaired-Region IV
Variance
Positive
Budget
Actual
(Negative)
Data
Control
Codes
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
6030
Expenditures
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Capital Outlay
Payments to Districts of SSAs
Total Expenditures
1100
7912
7915
7080
1200
0100
3000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
110
Exhibit J-4
Page 12 of 13
485
486
$ 2,782,824
$ 2,781,945
2,782,824
2,781,945
1,269,061
32,809
40,384
71,759
10,000
1,172,923
22,558
33,541
15,658
10,000
298
298
128,198
103,227
39,227
13,854
2,306,573
215,344
238,795
101,680
20,000
35,730
11,187
722,033
110,286
173,859
26,518
83,227
3,497
2,667
1,584,540
105,058
64,936
4,469,529
2,429,753
2,039,776
352,192
2,038,897
(1,686,705)
107,922
107,922
(879)
Annenberg Challenge
Budget
18,200
(879)
Variance
Positive
(Negative)
Actual
11,487
(6,713)
18,200
11,487
(6,713)
18,200
11,487
6,713
18,200
11,487
6,713
96,138
10,251
6,843
56,101
(107,922)
(107,922)
(1,686,705)
460,114
1,930,975
1,584,657
(102,048)
1,584,657
$ 2,044,771
$ 1,930,975
111
494
After School Achievement Program
Variance
Positive
Budget
Actual
(Negative)
Data
Control
Codes
5700
5800
5900
5020
Revenues
Local, Intermediate and Out-of-State
State Program Revenues
Federal Program Revenues
Total Revenues
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
6030
Expenditures
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Facilities Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Capital Outlay
Payments to Districts of SSAs
Total Expenditures
1100
7912
7915
7080
1200
0100
3000
55,000
54,127
55,000
54,127
(873)
55,000
54,127
873
55,000
54,127
873
112
(873)
Exhibit J-4
Page 13 of 13
All Programs
Totals
Variance
Positive
(Negative)
Budget
Actual
$ 10,976,275
4,361,682
51,522,983
66,860,940
$ 11,118,746
3,390,432
46,714,599
61,223,777
30,712,911
231,551
5,725,302
1,972,755
1,413,970
2,402,436
82,899
500,223
230,339
16,274,193
228,809
103,227
2,164,738
85,728
6,983,931
1,677,276
648,059
313,797
71,752,144
26,851,318
99,937
3,577,615
1,229,789
1,197,260
2,091,428
57,812
446,506
187,757
15,863,594
156,836
20,000
2,071,208
77,655
946,218
1,324,288
579,440
388,064
57,166,725
3,861,593
131,614
2,147,687
742,966
216,710
311,008
25,087
53,717
42,582
410,599
71,973
83,227
93,530
8,073
6,037,713
352,988
68,619
(74,267)
14,585,419
(4,891,204)
4,057,052
8,948,256
16,858
107,922
124,780
(4,891,204)
6,308,462
1,417,258
(16,858)
(107,922)
(124,780)
4,181,832
6,308,462
$ 10,490,294
142,471
(971,250)
(4,808,384)
(5,637,163)
8,823,476
8,823,476
113
114
Statistical Section
(Unaudited)
The statistical section of the Spring Branch Independent School Districts Comprehensive Annual
Financial Report presents detailed information as a context for understanding what the information in the
financial statements, note disclosures, and required supplementary information says about the Districts
economic condition and overall financial health. To assist financial statement users, the information
contained within this section is categorized as follows:
Financial Trends
These schedules contain trend information to show how the Districts financial performance and
position have changed over time.
Revenue Capacity
These schedules contain information to help assess the factors affecting the Districts most significant
local revenue source, the property tax.
Debt Capacity
These schedules present information to help assess the affordability of the Districts current debt
burden and its ability to issue additional debt in the future.
Demographic and Economic Information
These schedules provide demographic and economic indicators to help in understanding the
environment in which the District operates and to facilitate in comparisons over time.
Operating Information
These schedules provide information about the Districts operations and resources to assist in using the
financial statement information to better understand and assess the Districts economic condition.
115
116
General
Spring Branch Independent School District, encompassing about 44 square miles, is located in Harris
County, a Gulf Coast County in Southeast Texas. The District is located approximately 10 miles from
downtown Houston and includes part of the City of Houston and the incorporated villages of Bunker Hill,
Hedwig, Hilshire, Hunters Creek, Piney Point and Spring Valley. Interstate Highway 10 (I.H. 10) runs
east-west through the center of the District and Interstate 610, the inner loop, forms the District's eastern
boundary.
Education
The Spring Branch Independent School District serves approximately 32,000 students in 25 elementary, 7
traditional middle, 4 traditional high, 2 charter, 5 pre-kindergarten and 3 special campuses. The Districts
schools are well-known for academics and an outstanding college preparatory program.
Economy
Harris County and the Houston Metropolitan area comprise a leading region of business development in
the nation. The economy is based on petrochemicals, tourism, shipping, refining, chemicals, space
exploration, medical research, manufacturing and education. The West Houston area, of which the
District is a major component, is recognized as one of the most active centers of business and industrial
development in the region. Industry in the District includes manufacturers of oil field machinery and
equipment, fabricated metals, lumber, plastic and rubber products, tools and nonelectric machinery.
Numerous shopping centers, malls, other retail establishments and a wide variety of service oriented
businesses are located within the District, and offer a complement to industry within the District.
117
2011
Governmental Activities:
Invested in Capital Assets,
Net of Related Debt
Restricted
Unrestricted
Total Governmental Activities Net Assets
Business-type Activities:
Invested in Capital Assets,
Net of Related Debt
Unrestricted
Total Business-type Activities Net Assets
Primary Government:
Invested in Capital Assets,
Net of Related Debt
Restricted
Unrestricted
Total Primary Government Net Assets
$
$
2010
51,468,759
18,331,462
59,650,441
129,450,662
76,287
1,152,713
1,229,000
51,545,046
18,331,462
60,803,154
130,679,662
51,888,293
17,731,468
59,686,394
129,306,155
87,788
625,149
712,937
51,976,081
17,731,468
60,311,543
130,019,092
Note: The District changed the fiscal year end from August 31 to June 30 beginning with
fiscal year 2004. All previous years are fiscal year ended August 31.
118
2009
40,624,417
10,068,647
64,641,979
115,335,043
2008
29,521,229
10,343,604
67,754,083
107,618,916
$
953,903
953,903
40,624,417
10,068,647
65,595,882
116,288,946
1,040,489
1,040,489
29,521,229
10,343,604
68,794,572
108,659,405
Table 1
2007
11,882,008
12,207,679
76,198,602
100,288,289
$
$
2006
12,847,356
12,536,009
59,978,617
85,361,982
$
1,169,174
1,169,174
11,882,008
12,207,679
77,367,776
101,457,463
2005
13,493,315
13,519,370
55,221,665
82,234,350
$
1,476,976
1,476,976
12,847,356
12,536,009
61,455,593
86,838,958
2004
11,502,612
14,943,655
50,151,217
76,597,484
$
1,299,374
1,299,374
13,493,315
13,519,370
56,521,039
83,533,724
119
2003
10,476,194
12,580,977
28,762,139
51,819,310
$
1,007,167
1,007,167
11,502,612
14,943,655
51,158,384
77,604,651
2002
(4,018,722)
15,372,364
34,341,594
45,695,236
$
1,108,845
1,108,845
10,476,194
12,580,977
29,870,984
52,928,155
1,316,277
1,316,277
(4,018,722)
15,372,364
35,657,871
47,011,513
Expenses
Governmental Activities:
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling, and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Plant Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Interest on Long-term Debt
Bond Issuance Costs and Fees
Facilities Acquisition and Construction
Purchase of WADA
Payments related to Shared Service Arrangements
Payments to JJAEP
Other Intergovernmental Charges
Total Governmental Activities Expenses
Business-type Activities:
Athletic Rentals/Concessions
After School Programs
Employee Childcare
Community Education
Fine Arts
Facility Rentals
Summer School
Other
Total Business-type Activities Expenses
Total Primary Government Expenses
2011
2010
2009
2008
$ 201,207,980
4,387,542
7,589,849
4,189,885
18,442,088
12,680,996
277,370
3,365,807
7,990,151
15,411,567
5,234,157
6,422,833
27,693,563
3,294,200
6,289,021
1,936,180
31,348,197
435,636
5,123,708
2,657,017
388,064
83,160
2,002,289
368,451,260
$ 193,356,124
3,493,605
7,373,266
4,650,828
18,457,940
12,424,778
427,390
3,364,031
7,270,976
14,902,668
4,947,829
7,002,494
27,592,294
3,241,718
8,904,479
2,060,316
28,614,947
548,555
3,592,489
382,265
75,600
1,478,151
354,162,743
$ 188,009,562
3,586,375
7,707,441
3,515,095
17,303,406
10,453,989
555,754
3,357,452
7,225,731
13,911,311
4,987,685
5,974,050
27,369,870
3,475,434
5,950,202
2,468,312
25,672,470
546,265
1,660,229
7,273,270
215,695
75,607
1,793,664
343,088,869
$ 185,928,189
4,008,100
8,278,919
3,170,962
17,372,720
10,366,093
503,079
3,123,632
7,468,318
13,654,670
4,698,510
5,772,859
25,419,506
2,942,103
5,308,636
2,802,352
18,767,462
528,639
358,142
6,501,316
34,818
56,700
1,618,331
328,684,056
725,486
216,640
1,779,049
436,089
100,013
49,858
352,134
21,159
3,680,428
372,131,688
613,268
216,640
1,779,049
436,089
100,013
49,858
352,134
21,159
3,568,210
357,730,953
486,677
226,157
1,686,910
458,669
103,290
46,024
195,108
28,860
3,231,695
346,320,564
401,312
224,983
1,435,259
524,671
92,749
52,273
331,392
7,621
3,070,260
331,754,316
120
Table 2
Page 1 of 2
2007
2006
2005
2004
2003
2002
$ 168,841,826
4,650,928
8,337,524
3,190,038
16,855,633
10,321,466
485,614
2,893,949
6,211,246
15,221,088
5,593,250
7,898,090
24,582,865
3,215,290
3,524,631
3,081,263
17,876,764
366,524
1,137,853
19,073,000
165,907
78,364
$ 164,083,413
4,905,090
6,340,022
3,713,364
15,969,717
10,150,848
955
2,500,750
6,813,249
14,813,150
5,223,067
7,661,148
23,288,901
2,437,361
4,569,241
2,840,558
17,857,018
254,920
2,533,309
17,454,165
$ 153,126,874
4,450,031
8,225,180
4,329,509
14,868,753
11,142,694
$136,849,281
4,115,100
6,905,515
3,281,034
13,305,642
9,590,276
$ 154,608,137
4,635,328
8,407,699
3,656,163
15,342,439
10,509,567
$ 143,303,948
4,134,604
7,537,425
3,740,028
13,852,138
9,124,951
2,448,438
6,784,352
12,769,578
5,115,201
7,616,872
22,593,810
2,232,941
3,697,374
2,641,016
17,839,740
85,937
1,417,457
12,623,603
2,221,101
5,738,580
11,251,434
4,382,123
6,339,976
18,954,831
1,876,231
3,667,914
2,499,690
14,053,195
521
1,286,525
2,340,021
2,418,032
6,424,606
12,000,164
4,714,691
7,489,191
23,610,976
2,383,320
4,433,162
2,207,090
16,879,394
2,109,345
5,988,613
9,895,407
3,123,451
6,991,033
23,567,284
2,341,998
4,132,793
1,490,467
17,338,093
1,563,596
4,617,641
8,844
57,750
50,953
323,603,113
313,419,090
294,067,110
248,709,943
281,283,555
263,362,119
446,938
220,056
1,256,971
576,212
314,215
22,678
344,020
26,744
3,207,834
326,810,947
566,382
179,392
1,099,880
508,824
310,285
17,601
134,483
2,739,188
2,362,715
2,912,798
2,576,200
2,739,188
296,806,298
2,362,715
251,072,658
2,912,798
284,196,353
2,576,200
265,938,319
2,816,847
316,235,937
121
72,900
2011
Program Revenues
Governmental Activities:
Charges for Services:
Instruction
Food Services
Cocurricular/Extracurricular Activities
Other Activities
Operating Grants and Contributions
Total Governmental Activities Program Revenues
Business-type Activities:
Charges for Services:
Athletic Rentals/Concessions
After School Programs
Employee Childcare
Community Education
Fine Arts
Facility Rentals
Summer School
Other
Total Business-type Activities Program Revenues
Total Primary Government Program Revenues
Net (Expense)/Revenue
Governmental Activities
Business-type Activities
Total Primary Government Net (Expense)/Revenue
General Revenues and Other Changes in Net Assets
Governmental Activities:
Property Taxes, Levied for General Purposes
Property Taxes, Levied for Debt Service
Investment Earnings
State Aid - Formula Grants - Unrestricted
Grants and Contributions Not Restricted
to Specific Programs
Gain on Sale of Capital Assets
Miscellaneous
Transfers
Total Governmental Activities
Business-type Activities:
Investment Earnings
Transfers
Total Business-type Activities
Total Primary Government
Change in Net Assets
Governmental Activities
Business-type Activities
Total Primary Government
1,287,699
3,315,561
373,420
337,093
72,320,049
77,633,822
2010
1,467,644
3,570,466
329,822
509,814
73,233,585
79,111,331
2009
1,109,270
3,354,439
303,404
415,681
58,428,248
63,611,042
2008
1,631,010
3,448,932
366,946
369,316
55,747,293
61,563,497
786,610
200,170
1,663,200
406,384
108,209
90,241
276,486
55,480
3,586,780
81,220,602
525,572
200,170
1,663,200
406,384
108,209
90,241
276,486
55,480
3,325,742
82,437,073
498,424
207,380
1,472,076
458,394
110,513
90,241
237,615
54,833
3,129,476
66,740,518
337,980
245,110
1,313,612
513,213
110,582
90,916
262,718
13,286
2,887,417
64,450,914
(290,817,438)
(93,648)
(290,911,086)
(275,051,412)
(242,468)
(275,293,880)
(279,477,827)
(102,219)
(279,580,046)
(267,120,559)
(182,843)
(267,303,402)
$ 183,535,631
54,176,940
815,827
46,980,742
4,561,348
(608,543)
289,461,945
$ 186,369,188
55,814,168
1,500,688
43,702,903
$ 176,011,657
50,472,698
6,792,037
60,682,496
$ 163,727,834
31,025,813
6,172,347
68,922,483
49,655
1,635,569
388,020
35,131
55,471
4,512,107
289,022,516
294,396,563
274,451,186
1,168
608,543
609,711
$ 290,071,656
1,503
15,633
54,158
1,503
$ 289,024,019
15,633
$ 294,412,196
54,158
$ 274,505,344
$ (1,355,493)
516,063
$
(839,430)
$ 13,971,104
(240,965)
$ 13,730,139
$ 14,918,737
(86,586)
$ 14,832,151
Note: The District changed the fiscal year end from August 31 to June 30 beginning with
fiscal year 2004. All previous years are fiscal year ended August 31.
122
7,330,627
(128,685)
7,201,942
Table 2
Page 2 of 2
2007
1,779,506
3,607,219
339,139
344,793
57,058,325
63,128,982
474,768
211,482
1,208,149
498,930
270,079
37,919
254,333
44,523
3,000,183
66,129,165
(260,474,131)
(207,651)
(260,681,782)
2006
995,600
3,617,136
316,959
449,620
60,282,466
65,661,781
2005
512,801
187,190
1,160,373
589,775
296,648
70,238
177,425
1,938,429
3,408,531
367,828
214,452
52,268,535
58,197,775
2004
1,542,386
2,966,358
344,126
324,387
42,220,580
47,397,837
2,133,835
3,269,814
338,165
1,421,578
48,811,489
55,974,881
4,436,590
3,145,504
314,091
210,783
37,777,842
45,884,810
2,261,037
2,705,366
2,649,067
2,994,450
68,656,231
3,031,395
61,229,170
2,261,037
49,658,874
2,705,366
58,680,247
2,649,067
48,533,877
(247,757,309)
177,603
(247,579,706)
(235,869,335)
292,207
(235,577,128)
(201,312,106)
(101,678)
(201,413,784)
(225,308,674)
(207,432)
(225,516,106)
(217,477,309)
72,867
(217,404,442)
$175,297,674
25,073,311
4,121,040
25,614,712
$169,214,068
19,257,257
6,250,824
21,774,642
$ 201,339,103
30,016,334
6,417,813
10,754,435
$192,426,174
28,672,405
3,490,067
16,700,268
$185,152,561
26,305,249
1,562,256
12,647,947
1,281,779
96,433
132,236
192,597
188,550
273,563,819
2,260,823
85,051
120,969
29,198
272,100
250,884,941
241,506,201
226,090,280
$ 13,089,688
(307,802)
$ 12,781,886
2002
3,031,395
$ 198,833,041
27,010,508
7,853,073
38,204,271
88,399
(188,550)
(100,151)
$ 273,463,668
2003
171,471
(57,457)
26,990
1,137,146
437,760
230,247,741
218,071,697
31,748
$ 250,884,941
$ 241,506,201
$ 226,090,280
$ 230,247,741
31,748
$ 218,103,445
$ 24,778,174
(101,678)
$ 24,676,496
3,127,632
177,603
3,305,235
5,636,866
292,207
5,929,073
123
4,939,067
(207,432)
4,731,635
594,388
104,615
699,003
2011
General Fund
Reserved
Unreserved
Non-spendable
Assigned
Unassigned
Total General Fund
3,435,791
27,423,625
32,055,868
62,915,284
2010
2009
4,386,219
67,605,320
2008
2,784,089
64,283,417
1,784,863
71,331,413
67,067,506
$ 71,991,539
$ 73,116,276
99,632,905
$ 78,819,120
$ 18,546,897
97,539,935
1,478,813
113,773,001
1,989,459
215,776,266
1,740,969
198,651,653
$194,581,580
$236,064,132
274,256
9,424,062
21,982,200
145,114,405
791,976
177,586,899
Note: The District changed the fiscal year end from August 31 to June 30 beginning with
fiscal year 2004. All previous years are fiscal year ended August 31.
This statement was updated on June 30, 2011 to accommodate the changes in
Fund Balance classification per GASB 54.
124
Table 3
2007
2006
2005
2003
2002
1,263,374
68,943,868
$ 1,456,666
62,013,460
$ 1,549,451
58,192,284
1,693,225
56,626,810
$ 1,503,523
36,641,549
$ 1,673,294
33,163,652
$ 70,207,242
$ 63,470,126
$ 59,741,735
$ 58,320,035
$ 38,145,072
$ 34,836,946
$ 16,808,909
$ 17,047,132
$ 18,094,344
$ 20,754,983
$ 12,023,332
$ 12,872,816
39,480,586
2,346,489
46,497,233
2,024,563
68,092,803
2,406,846
120,880,781
802,394
44,798,186
88,987,780
90,000
$ 58,635,984
$ 65,568,928
$ 88,593,993
$ 142,438,158
$ 56,821,518
$101,950,596
2004
125
Revenues
Local, Intermediate, and Out-of-State
State Programs
Federal Programs
Total Revenues
Expenditures
Current:
Instruction
Instructional Resources and Media Services
Curriculum and Instructional Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling, and Evaluation Services
Social Work Services
Health Services
Student Transportation
Food Services
Cocurricular/Extracurricular Activities
General Administration
Plant Maintenance and Operations
Security and Monitoring Services
Data Processing Services
Community Services
Principal on Long-term Debt
Interest on Long-term Debt
Other Debt Service Expenditures
Facilities Acquisition and Construction
Contracted Instructional Services
Payments related to Shared Service Arrangements
Payments to Juvenile Justice Alt. Ed. Prgm.
Other Intergovernmental Charges
Total Expenditures
Excess (Deficiency) of Revenues Over
(Under) Expenditures
2011
2010
2009
$ 252,491,199
63,322,358
52,253,146
368,066,703
$ 253,981,109
60,814,817
52,486,989
367,282,915
$ 244,097,720
81,722,458
33,676,081
359,496,259
181,209,645
4,445,006
7,597,563
4,241,091
18,572,888
12,740,481
277,839
3,383,474
7,078,622
15,863,594
5,268,800
6,493,670
27,642,407
3,298,378
6,337,152
1,977,035
24,106,120
31,900,415
875,093
128,448,076
2,657,017
388,064
83,160
2,002,289
496,887,879
184,796,121
3,496,617
7,287,043
4,647,966
18,488,195
12,418,147
426,309
3,370,129
8,245,515
14,942,825
4,847,878
6,987,967
27,210,044
3,356,088
8,686,842
2,061,809
29,254,512
27,347,328
945,909
129,186,117
382,265
75,600
1,478,151
499,939,377
177,209,859
3,549,537
7,624,433
3,534,219
17,330,300
10,488,296
557,289
3,362,808
6,462,952
13,933,367
4,698,673
5,880,489
26,720,387
3,614,005
5,967,460
2,436,134
25,443,172
25,173,566
13,175
47,965,798
7,273,270
215,695
75,600
1,793,664
401,324,148
175,516,066
4,028,713
8,272,914
3,170,813
17,387,777
10,492,932
504,733
3,130,192
12,708,935
13,040,231
4,426,433
5,623,606
24,851,673
2,925,198
6,053,099
2,799,934
15,825,476
18,578,725
714,863
17,315,239
6,501,316
34,818
56,700
1,618,331
355,578,717
(128,821,176)
(132,656,462)
(41,827,889)
(19,438,471)
126
2008
$
215,799,169
89,327,975
31,013,102
336,140,246
Table 4
Page 1 of 2
2007
2005
2004
2003
2002
249,179,996
29,027,373
38,302,637
316,510,006
$ 234,052,412
33,532,330
31,941,324
299,526,066
$ 220,727,317
27,478,911
25,345,073
273,551,301
$ 213,256,589
47,161,039
26,962,414
287,380,042
$ 203,425,005
37,232,894
22,751,214
263,409,113
162,853,195
3,604,751
8,257,064
3,090,647
16,249,965
10,134,864
484,505
2,779,868
6,972,552
15,529,950
4,214,196
7,697,726
23,873,548
3,193,102
3,962,792
3,040,368
14,540,379
18,737,498
155,622,417
3,852,271
6,349,120
3,663,941
15,400,912
10,101,755
147,362,997
3,813,351
8,376,335
4,333,103
14,517,541
11,184,285
133,024,036
3,384,691
7,003,451
3,344,930
12,982,445
9,615,906
149,711,352
3,921,611
8,434,913
3,657,083
14,880,652
10,399,263
137,777,927
4,093,453
7,404,786
3,734,422
13,683,849
9,082,879
2,383,473
8,197,722
14,303,238
4,028,423
7,507,743
22,411,468
2,414,898
4,240,970
2,877,734
10,082,389
20,390,290
2,109,345
5,934,274
9,569,763
2,971,745
6,930,075
22,557,456
2,310,327
4,027,956
1,483,084
4,842,322
16,195,331
24,599,669
17,454,165
2,172,186
5,369,598
10,542,846
3,336,071
6,316,616
18,769,440
1,858,376
3,388,822
2,522,652
10,160,000
7,873,751
216,390
25,275,697
2,340,021
2,340,164
6,564,128
11,474,893
3,712,756
7,369,952
23,528,984
2,385,418
4,397,963
2,141,516
9,800,000
16,009,245
9,398,728
19,073,000
165,907
78,364
2,359,960
6,479,283
12,759,870
3,992,216
7,556,203
22,419,504
2,163,822
3,577,399
2,665,122
9,135,000
21,041,554
523,194
57,966,442
12,623,603
48,459,945
32,707,761
8,844
57,750
50,953
337,932,969
335,891,442
354,908,534
269,548,878
(19,381,436)
(55,382,468)
$ 244,267,377
57,741,605
34,402,367
336,411,349
(1,521,620)
2006
$
4,002,423
127
72,900
329,189,838
287,489,655
(41,809,796)
(24,080,542)
2011
Other Financing Sources (Uses)
Refunding Bonds Issued
Issuance of Capital Related Debt (Regular Bonds)
Premium/Discount from Issuance of Bonds
Prepaid Interest on Bonds Sold
Sale of Real and Personal Property
Capital Lease Proceeds
Other Sources (Uses)
Transfers In
Transfers Out
Payment to Refunded Bond Escrow Agent
Total Other Financing Sources (Uses)
Net Change in Fund Balances
2010
137,910,000
10,038,466
123,805,000
7,944,494
133,137
53,008
347,922
(908,563)
(45,416,762)
102,104,200
$ (26,716,976)
2008
$
194,600,000
6,163,044
104,708
119,991
8,510
3,578,451
(3,578,451)
2,445,651
(2,445,651)
131,802,502
$
15.03%
Note: The District changed the fiscal year end from August 31 to June 30 beginning with
fiscal year 2004. All previous years are fiscal year ended August 31.
128
2009
(853,960)
15.24%
104,708
$
(41,723,181)
14.29%
200,891,545
$
181,453,074
10.40%
Table 4
Page 2 of 2
2007
$ 163,040,000
2006
2005
4,537,869
84,782
10.28%
$
97,100,000
2,900,000
293,161
46,018
1,450,000
87,495
2,906,889
2003
2002
25,625,000
1,631,732
45,501
(56,657)
1,325,768
(195,852)
7,208,084
69,461
913,024
(167,423,136)
5,621,337
(5,432,787)
90,675,000
2004
977,910
(977,910)
(97,917,465)
2,960,003
84,782
$
(19,296,654)
9.83%
(52,422,465)
623,985
(623,985)
101,789,179
(11,156)
105,791,602
$ (41,820,952)
10.17%
7.42%
129
9.21%
(26,982,054)
274,678
$
(23,805,864)
8.29%
130
Table 5
Fiscal Year
Ended
August 31
June 30 (1)
2011
Appraised Value
Real Property
Value
$
21,763,576,757
Personal Property
Value
$
1,817,303,004
Taxable
Assessed
Value
Less:
Exemptions
$
5,414,045,696
Total
Direct
Rate (2)
18,166,834,065
$ 1.3945
2010
22,071,628,367
1,967,561,359
5,511,774,490
18,527,415,236
1.3945
2009
20,977,939,158
1,864,813,988
5,245,449,268
17,597,303,878
1.3825
2008
19,033,169,794
1,767,867,201
4,740,941,403
16,060,095,592
1.2850
2007
17,374,139,575
1,556,063,949
4,362,577,308
14,567,626,216
1.6315
2006
15,921,429,929
1,557,718,751
3,946,657,704
13,532,490,976
1.8100
2005
14,257,245,050
1,607,446,720
2,887,170,320
12,977,521,450
1.8100
2004
13,451,039,730
1,713,338,340
2,759,009,670
12,405,368,400
1.8100
2003
12,645,919,090
1,675,063,530
2,575,253,400
11,745,729,220
1.8100
2002
11,794,414,350
1,635,522,560
2,414,400,290
11,015,536,620
1.8100
(1) The District changed the fiscal year-end from August 31 to June 30 beginning with fiscal
year 2004. All previous years are fiscal year ended August 31.
(2) Tax Rates are per $100 of taxable assessed value.
Source: Harris County Appraisal District provides the District's tax office with appraised values for
properties within the District's taxing authority. Appraised value less exemptions equal
taxable assessed value. Taxable value times the tax rate set by the District's
Board of Trustess each fall equals the tax levy.
131
Taxing Authority
Overlapping Rates:
Bunker Hill Village, City of
Harris County *
Hedwig Village, City of
Hilshire Village, City of
Houston, City of
Hunters Creek Village, City of
Memorial Village Water Authority
Piney Point Village, City of
Spring Valley, City of
Total
District Direct Rates:
Maintenance & Operations
Debt Service
Total District Direct Rates
2011
$
$
$
2010
0.2730
0.4444
0.2230
0.6374
0.6388
0.1850
0.0382
0.2151
0.5398
3.1947
1.0900
0.3045
1.3945
2009
0.2649
0.4439
0.2151
0.5526
0.6388
0.1850
0.0362
0.2151
0.5398
3.0914
1.0900
0.3045
1.3945
2008
0.2779
0.4437
0.2050
0.5286
0.6388
0.1850
0.0360
0.2151
0.5187
3.0488
1.0900
0.2925
1.3825
0.2897
0.3924
0.2118
0.5198
0.6438
0.1850
0.0372
0.2151
0.5650
3.0597
1.0900
0.1950
1.2850
* Includes Harris County, Harris County Department of Education, Harris County Flood Control
District and the Port of Houston Authority
Source: Harris County Appraisal District 2010 Appraisal District Assessments
132
Table 6
2007
$
$
$
0.3079
0.4024
0.1818
0.3717
0.6450
0.2467
0.0382
0.2277
0.5244
2.9458
1.4365
0.1950
1.6315
2006
$
$
$
0.3079
0.4541
0.1946
0.3624
0.6475
0.2550
0.0426
0.2339
0.5055
3.0035
1.5750
0.2350
1.8100
2005
$
$
$
0.3111
0.0646
0.2056
0.3643
0.6550
0.2590
0.0597
0.2190
0.5135
2.6518
1.5750
0.2350
1.8100
2004
$
$
$
0.3094
0.6463
0.2056
0.3819
0.6550
0.2590
0.0619
0.2190
0.4066
3.1447
1.5850
0.2250
1.8100
133
2003
$
$
$
0.3094
0.6463
0.2056
0.3819
0.6550
0.2590
0.0619
0.2190
0.4066
3.1447
1.5850
0.2250
1.8100
2002
$
$
$
0.3161
0.6463
0.2141
0.3948
0.6550
0.2590
0.0659
0.2190
0.3836
3.1538
1.6250
0.1850
1.8100
Table 7
PRINCIPAL TAXPAYERS
CURRENT YEAR AND NINE YEARS AGO
2011
Assessed
Value (1)
Taxpayer
Metro National Corp
Rank
510,481,719
2.81%
MC Medical Campus LP
167,471,826
0.92%
Behringer Havard
135,640,218
0.75%
111,469,705
0.61%
97,476,582
0.54%
93,318,407
0.51%
76,082,171
0.42%
Energy Tower II
70,915,782
0.39%
Smith Jim R
70,859,490
0.39%
65,046,557
10
0.36%
Assessed
Value (1)
1.93%
77,228,400
0.70%
90,713,480
0.82%
80,728,060
0.73%
S V Eldrige LP
52,816,450
0.48%
Southwestern Bell
46,331,490
0.42%
44,821,600
0.41%
40,730,980
0.37%
39,965,950
0.36%
31,016,120
10
0.28%
$ 1,398,762,457
7.70%
134
Rank
Percentage
of Total
Assessed
Value (3)
212,472,510
Totals
2002
Percentage
of Total
Assessed
Value (2)
716,825,040
6.50%
Table 8
Collections
In
Subsequent
Years
721,665
$ 235,841,335
98.92%
98.23%
1,781,701
240,050,277
98.97%
224,473,965
99.26%
607,558
225,081,523
99.53%
193,189,229
191,151,362
98.95%
1,475,209
192,626,571
99.71%
2007
223,900,444
220,861,647
98.64%
2,430,389
223,292,036
99.73%
2006
229,655,448
225,155,499
98.04%
3,877,102
229,032,601
99.73%
2005
219,371,004
215,811,397
98.38%
2,960,373
218,771,770
99.73%
2004
210,464,312
206,610,691
98.17%
3,379,287
209,989,978
99.77%
2003
200,199,453
197,430,645
98.62%
2,137,957
199,568,602
99.68%
2002
188,144,809
185,576,697
98.64%
1,930,813
187,507,510
99.66%
Fiscal
Year (1)
Tax Levy
For The
Fiscal
Year (2)
Amount
Percentage
of Net Tax
Levy
2011
$ 238,410,873
$ 235,119,670
98.62%
2010
242,551,130
238,268,576
2009
226,144,438
2008
(1) The District changed the fiscal year-end from August 31 to June 30 beginning with fiscal
year 2004. All previous years are fiscal year ended August 31.
(2) Appraised value less exemptions equal taxable assessed value. The beginning taxable value net of
adjustments times the tax rate set by the District's Board of Trustees each fall equals the total net tax levy.
The net tax levy for prior years reflects ongoing adjustments applied to that year's tax levy.
135
Table 9
Governmental Activities
Fiscal
Year (1)
General
Obligation
Bonds
Capital
Leases/Notes
Payable
Total
Primary
Government
Ratio of Debt
to
Assessed
Value (2)
2011
$ 707,780,793
$ 2,143,433
$ 709,924,226
3.91%
$ 23,376
2010
630,403,384
2,309,240
632,712,624
3.42%
21,199
2009
528,454,366
2,568,752
531,023,118
3.02%
17,853
2008
553,979,007
3,021,924
557,000,931
3.47%
19,018
2007
368,456,529
3,819,382
372,275,911
2.56%
12,694
2006
383,440,433
3,577,944
387,018,377
2.86%
12,987
2005
393,285,778
4,015,174
397,300,952
3.06%
13,497
2004
408,918,693
1,450,000
410,368,693
3.31%
13,712
2003
321,140,342
321,140,342
2.73%
10,747
2002
327,347,436
327,347,436
2.97%
11,042
(1) The District changed the fiscal year end from August 31 to June 30 beginning with
fiscal year 2004. All previous years are fiscal year ended August 31.
(2) See Table 5 for assessed value data.
(3) See Table 15 for student average daily attendance data.
136
Debt
Per
Student (3)
Table 10
Fiscal
Year (1)
2011
Gross Bonded
Debt
$
707,780,793
Less Reserve
for Retirement
of Bonded Debt
$
21,982,200
Net Bonded
Debt
$
Ratio of Net
Bonded Debt
To Assessed
Value (2)
685,798,593
3.78%
Net Bonded
Debt Per
Student (3)
$
22,581
2010
630,403,384
22,355,137
608,048,247
3.28%
20,373
2009
528,454,366
13,574,428
514,879,938
2.93%
17,310
2008
553,979,007
13,016,353
540,962,654
3.37%
18,470
2007
368,456,529
12,795,857
355,660,672
2.44%
12,127
2006
383,440,433
12,139,830
371,300,603
2.74%
12,460
2005
393,285,778
11,734,844
381,550,934
2.94%
12,962
2004
408,918,693
13,619,922
395,298,771
3.19%
13,208
2003
321,140,342
4,999,914
316,140,428
2.69%
10,580
2002
327,347,436
5,699,858
321,647,578
2.92%
10,850
(1) The District changed the fiscal year end from August 31 to June 30 beginning with
fiscal year 2004. All previous years are fiscal year ended August 31.
(2) See Table 5 for assessed value data.
(3) See Table 15 for student average daily attendance data.
137
Table 11
Taxing Body
Overlapping:
Bunker Hill Village, City of
Harris County
Harris County Dept of Education
Net Debt
Amount
$
Outstanding
As of
Percent
Overlapping
Share of
Debt
9,897,722
6/30/2011
100.00%
1,663,380,100
6/30/2011
5.83%
96,975,060
9/30/2011
5.83%
465,234
7,980,000 *
9,897,722
659,891,695
6/30/2011
5.83%
38,471,686
522,330,055
6/30/2011
5.83%
30,451,842
3,070,660 *
8/29/2011
100.00%
3,070,660
465,000
9/30/2011
100.00%
465,000
3,395,560,000
6/30/2010
9.27%
314,768,412
5,738,644
12/31/2010
100.00%
5,738,644
514,712,000
6/30/2010
5.83%
30,007,710
Houston, City of
Piney Point Village, City of
Port of Houston Authority
Total Net Overlapping Debt
Direct:
Spring Branch Independent School District
530,311,969
685,798,593
100.00%
685,798,593
$ 1,216,110,562
(1) Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the District.
The percentage of overlapping debt is estimated using taxable assessed property values. Percentages were
estimated by determining the portion of the overlapping taxing authority's taxable assessed value that is within
the District's boundaries and dividing it by the overlapping taxing authority's total taxable assessed value.
Source: Municipal Advisory Council of Texas, except for the net debt of Spring Branch School District
138
Table 12
Fiscal Residential
Year (1)
Units (2)
Total
Assessed
Value of
Residential
Units (2)
Average
Assessed
Value Per
Residential
Unit
Personal
Income (3)
2011
42,054
$ 14,643,857,476
2010
42,023
14,760,379,169
2009
42,163
2008
Per Capita
Income (3)
Average
Unemployment
Daily
Attendance (4)
Rate (5)
348,216
30,370
8.8%
351,245
29,846
8.6%
14,756,078,229
349,977
30,791
5.1%
42,097
13,546,497,679
$ 190,226,395,000
321,792
47,788
30,297
4.0%
2007
41,957
12,559,332,808
194,177,877,000
299,338
49,634
29,327
4.3%
2006
41,847
11,913,154,868
178,160,838,000
284,684
45,961
29,808
5.7%
2005
41,820
11,436,689,710
156,920,733,000
273,474
41,703
29,437
5.8%
2004
41,774
10,748,246,740
143,417,824,000
257,295
38,810
29,928
6.9%
2003
41,710
10,006,483,970
133,463,543,000
239,906
36,719
29,881
7.7%
2002
41,545
9,259,163,750
128,298,585,000
222,871
35,919
29,645
6.8%
(1) The District changed the fiscal year-end from August 31 to June 30 beginning with fiscal
year 2004. All previous years are fiscal year ended August 31.
(2) Source: Harris County (Texas) Appraisal District
(3) Source: TRACER of Texas Workforce Commission; income information is for Harris County
(4) Source: District Records
(5) Source: TRACER of Texas Workforce Commission; Unemployment rate is for Harris County
* Information not yet available
139
140
Table 13
PRINCIPAL EMPLOYERS
CURRENT YEAR AND NINE YEARS AGO
2011
Employer
Wal-Mart Stores Inc
Memorial Hermann Healthcare System
University of Texas M.D. Anderson Cancer Center
HEB
United Airlines
Exxon Mobil Corp.
Kroger Co.
Methodist Hospital System
Shell Oil Co.
Schlumberger
Continental Airlines
Administaff
Halliburton
University of Texas Medical Branch at Galveston
McDonald's Corporation
2002
Percentage
Percentage
of Principal
of Total
Employees Rank Employers Employees Rank Employment
28,500
20,551
18,012
16,500
16,290
14,600
14,015
13,322
10,700
9,612
141
1
2
3
4
5
6
7
8
9
10
17.58%
12.68%
11.11%
10.18%
10.05%
9.01%
8.65%
8.22%
6.60%
5.93%
20,000
14,727
11,644
1
7
9
12.95%
9.53%
7.54%
17,220
15,390
4
6
11.15%
9.96%
19,455
17,671
15,804
10,608
11,960
2
3
5
10
8
12.59%
11.44%
10.23%
6.87%
7.74%
POSITION:
2011
Administrator
Assistant Principal
Athletic Director
Athletic Trainer
Bus Driver/Bus Attendants
Cafeteria Workers
Child Care Worker
Counselor
Crossing Guard
Custodial
Invervention Specialists
Librarian/Library Assistant
Maintenance
Nurse/Nurse Assistant
Other Auxiliary*
Other Professional **
Police Officer
Principal
Registrar
Secretary/Clerical
Social Worker
Teacher
Teacher Assistant
Technical/Cat 9 and Aux Tech
Total Employees
74.5
75.0
4.0
8.0
157.0
76.0
384.0
78.0
55.0
203.0
133.8
42.0
100.0
53.0
30.0
135.5
30.0
44.5
5.0
358.9
0.0
2,301.2
361.9
38.0
4,748.2
2010
73.0
74.5
4.0
8.0
157.0
384.0
63.0
78.0
53.5
202.0
127.7
43.0
104.0
53.8
30.0
127.9
30.0
44.5
5.0
362.7
2.0
2,273.7
358.6
39.0
4,698.9
2009
2008
72.0
79.0
4.0
8.0
157.0
384.0
59.0
78.0
53.5
200.0
130.8
44.3
92.0
50.9
30.0
117.7
30.0
46.0
5.0
358.1
8.0
2,274.3
351.5
39.0
4,672.0
72.0
76.5
4.0
8.0
156.8
384.0
57.8
77.0
53.5
200.0
133.0
39.0
92.0
51.0
30.0
117.4
33.0
46.0
5.0
362.5
8.0
2,305.4
342.1
39.0
4,692.9
* Includes Warehouse Drivers, Child Nutrition Drivers, Telecommunications, and other technical
auxiliary staff not otherwise listed.
** Includes Diagnosticians, Psychologists, Program Coordinators, Case Managers, Speech
Pathologists and other professional staff not listed individually.
Source: District Records
142
Table 14
2007
2006
2005
2004
2003
2002
68.5
74.0
4.0
8.0
156.8
384.0
61.4
79.0
53.5
200.0
131.6
43.0
92.0
51.0
30.0
118.4
37.0
46.0
5.0
370.7
10.0
2,274.4
405.3
39.0
4,742.4
68.0
70.5
4.0
8.0
153.0
383.0
61.8
73.5
52.5
201.0
145.0
44.0
92.0
51.0
26.0
107.0
31.0
46.0
5.0
370.0
10.5
2,260.0
413.0
41.0
4,716.8
58.0
73.5
4.0
8.0
153.0
383.0
61.8
74.0
51.5
214.0
148.5
44.0
96.0
51.0
28.0
123.0
36.0
46.0
5.0
394.0
9.5
2,231.0
413.0
35.0
4,740.8
74.0
71.5
4.0
8.0
138.0
380.0
67.5
75.0
51.5
229.0
132.0
44.0
94.0
51.0
17.0
114.0
37.0
46.0
4.5
400.0
9.5
2,240.0
434.0
32.0
4,753.5
91.0
76.0
4.0
8.0
139.0
380.0
62.5
72.0
51.0
257.0
145.0
45.0
100.0
54.0
15.0
131.0
37.0
46.0
4.5
409.0
9.5
2,172.0
450.0
34.0
4,792.5
92.0
77.0
4.0
8.0
140.5
370.0
59.5
72.0
50.0
238.0
117.0
45.0
101.0
54.0
16.0
101.0
37.0
46.0
4.5
422.0
9.5
2,124.0
419.0
143
4,607.0
Fiscal
Year (1)
Average
Daily
Attendance
Operating
Expenditures (2)
Cost
Per
Student
Percentage
Change
Government
Wide
Expenses
2011
30,370
$315,856,068
$10,400
-1.08%
$354,162,742
2010
29,846
313,788,253
10,514
3.01%
354,162,742
2009
29,745
303,594,881
10,207
1.17%
343,088,869
2008
29,288
295,485,243
10,089
1.90%
328,683,091
2007
29,327
290,350,652
9,900
5.49%
323,603,113
2006
29,800
279,676,519
9,385
3.91%
313,419,090
2005
29,437
265,876,510
9,032
20.25%
294,067,110
2004
29,928
224,800,256
7,511
-11.84%
248,709,943
2003
29,881
254,598,308
8,520
15.96%
281,283,555
2002
29,645
217,818,305
7,348
N/A
263,362,119
144
Table 15
Cost
Per
Student
Percentage
Change
Teaching
Staff (3)
Student to
Teacher
Ratio
Percentage of
Students in
Free/Reduced
Lunch Program
$11,662
-1.73%
2,274
13.36
58.58%
11,866
2.88%
2,274
13.12
58.41%
11,534
2.78%
2,274
13.08
58.78%
11,222
1.71%
2,305
12.71
55.97%
11,034
4.91%
2,274
12.90
56.95%
10,517
5.28%
2,260
13.19
55.94%
9,990
20.21%
2,231
13.19
54.44%
8,310
-11.72%
2,240
13.36
53.95%
9,413
5.96%
2,172
13.76
50.99%
8,884
N/A
2,124
13.96
50.03%
145
146
Table 16
Fiscal
Year (1)
2011
Minimum
Salary (2)
$
45,350
County
Average
Salary (3)
Maximum
Salary (2)
$
72,698
48,639
Statewide
Average
Salary (3)
$
50,712
2010
45,320
72,598
50,236
48,263
2009
44,000
71,073
49,376
47,158
2008
43,000
69,518
48,232
46,178
2007
41,000
67,493
46,825
44,897
2006
38,500
64,493
44,084
41,743
2005
37,500
62,615
43,348
41,009
2004
36,500
60,498
42,845
40,476
2003
36,000
59,604
42,218
39,972
2002
35,000
58,150
41,437
39,230
(1) The District changed the fiscal year-end from August 31 to June 30 beginning with fiscal
year 2004. All previous years are fiscal year ended August 31.
(2) Source: District records
(3) Source: Texas Education Agency website
147
Building:
HIGH SCHOOLS
Memorial (1962)
Square Footage
Capacity
Enrollment
Northbrook (1974)
Square Footage
Capacity
Enrollment
Spring Woods (1964)
Square Footage
Capacity
Enrollment
Stratford (1974)
Square Footage
Capacity
Enrollment
MIDDLE SCHOOLS
Landrum (1956)
Square Footage
Capacity
Enrollment
Memorial (1963)
Square Footage
Capacity
Enrollment
Northbrook (1973)
Square Footage
Capacity
Enrollment
Spring Branch (1953)
Square Footage
Capacity
Enrollment
Spring Forest (1967)
Square Footage
Capacity
Enrollment
Spring Oaks (1967)
Square Footage
Capacity
Enrollment
Spring Woods (1961)
Square Footage
Capacity
Enrollment
2011
2010
2009
2008
311,115
2,441
2,377
311,115
2,441
2,274
311,115
2,441
2,113
311,115
2,441
2,232
394,609
2,427
2,036
394,609
2,427
1,896
394,609
2,427
1,732
394,609
2,427
1,841
349,382
2,023
1,951
336,366
2,023
1,907
336,366
2,023
1,770
336,366
2,023
1,923
323,500
1,891
1,941
320,000
1,891
1,945
320,000
1,891
1,838
320,000
1,891
1,917
178,731
954
726
177,665
954
710
177,665
954
699
177,665
954
664
195,328
1,441
1,209
195,328
1,441
1,162
188,852
1,041
1,128
188,852
1,041
1,126
203,020
1,004
636
203,020
1,004
593
203,020
1,004
532
203,020
1,004
581
226,188
1,122
1,055
226,188
1,122
1,058
226,208
1,122
996
226,208
1,122
1,012
192,559
1,094
867
192,559
1,094
851
192,559
1,094
820
192,559
1,094
803
192,544
896
786
192,544
896
763
189,660
896
774
189,660
896
788
200,776
982
850
200,776
982
836
200,616
982
812
200,616
982
862
148
Table 17
Page 1 of 5
2007
2006
2005
2004
2003
2002
311,115
2,441
2,241
311,115
2,441
2,300
239,578
2,441
2,228
239,578
*
2,170
239,578
*
2,059
239,578
*
2,037
394,609
2,427
1,817
394,609
2,427
1,956
394,609
2,427
2,038
394,609
*
2,120
358,191
*
2,109
358,191
*
2,122
336,366
2,023
2,068
336,366
2,023
2,123
336,366
2,023
2,133
336,366
*
2,194
277,425
*
2,168
277,425
*
2,075
320,000
1,891
1,967
320,000
1,891
2,035
281,575
1,891
1,916
281,575
*
2,060
281,575
*
2,123
281,575
*
2,139
177,665
954
700
177,665
954
684
177,665
954
725
151,739
*
754
151,739
*
799
151,739
*
821
188,852
1,041
1,080
188,852
1,041
1,081
170,128
1,041
1,044
170,128
*
1,023
170,128
*
983
170,128
*
1,033
203,020
1,004
575
203,020
1,004
674
203,020
1,004
659
182,772
*
729
182,772
*
734
182,772
*
725
226,208
1,122
988
226,208
1,122
1,018
199,824
1,122
1,038
199,824
*
1,073
199,824
*
1,054
199,824
*
1,088
192,559
1,094
817
192,559
1,094
910
164,124
1,094
891
164,124
*
898
164,124
*
965
164,124
*
943
189,660
896
810
189,660
896
811
162,890
896
848
162,890
*
871
162,890
*
893
162,890
*
894
200,616
982
841
200,616
982
829
200,616
982
812
200,616
*
846
200,616
*
859
169,664
*
858
149
Building:
ELEMENTARY SCHOOLS
Buffalo Creek (1997)
Square Footage
Capacity
Enrollment
Bunker Hill (1956)
Square Footage
Capacity
Enrollment
Cedar Brook (1993)
Square Footage
Capacity
Enrollment
Edgewood (2011) / (1960)
Square Footage
Capacity
Enrollment
Frostwood (1960)
Square Footage
Capacity
Enrollment
Hollibrook (2010) / (1957)
Square Footage
Capacity
Enrollment
Housman (1950)
Square Footage
Capacity
Enrollment
Hunters Creek (1954)
Square Footage
Capacity
Enrollment
Meadow Wood (2011) / (1964)
Square Footage
Capacity
Enrollment
Memorial Drive (1949)
Square Footage
Capacity
Enrollment
Nottingham (1969)
Square Footage
Capacity
Enrollment
2011
2010
2009
2008
82,179
688
679
82,179
688
687
82,179
688
629
82,179
688
629
65,335
758
613
65,335
758
648
58,385
648
626
58,385
648
639
82,179
688
881
82,179
688
847
82,179
688
767
82,179
688
634
68,978
756
726
68,978
756
689
68,978
756
799
60,625
650
727
60,625
650
697
60,625
650
668
95,043
938
722
95,043
938
785
109,000 **
756 **
722 **
60,625
650
748
112,095
800
776
112,095 **
800 **
712 **
89,762
682
575
89,762
682
555
76,895
682
567
76,895
682
572
61,937
634
662
61,937
634
637
61,937
634
649
61,937
634
673
32,766 **
514 **
423 **
72,722
526
466
72,722
526
386
72,722
526
439
58,614
466
445
58,614
466
436
58,965
466
402
58,965
466
435
61,574
568
552
61,574
568
513
66,393
568
510
66,393
568
483
150
Table 17
Page 2 of 5
2007
2006
2005
2004
2003
2002
82,179
688
646
82,179
688
629
82,179
688
660
82,179
*
678
82,179
*
678
82,179
*
631
58,385
648
648
58,385
648
625
58,385
648
649
58,385
*
614
58,385
*
608
58,385
*
564
82,179
688
560
82,179
688
591
82,179
688
602
82,179
*
604
82,179
*
566
82,179
*
682
68,978
756
818
68,978
756
772
68,978
756
713
68,978
*
775
68,978
*
680
68,978
*
693
60,625
650
632
60,625
650
647
60,625
650
591
60,625
*
545
60,625
*
519
45,422
*
559
95,043
938
718
95,043
938
800
95,043
938
822
95,043
*
850
90,768
*
891
90,768
*
829
76,895
682
564
76,895
682
613
76,895
682
664
76,895
*
626
64,028
*
638
64,028
*
669
61,937
634
669
61,937
634
668
61,937
634
626
61,937
*
591
61,937
*
611
61,937
*
600
72,722
526
438
72,722
526
431
72,722
526
422
72,722
*
453
52,659
*
505
52,659
*
519
58,965
466
453
58,965
466
438
58,965
466
431
35,410
*
419
35,410
*
433
35,410
*
442
66,393
568
548
66,393
568
530
66,393
568
525
51,166
*
483
51,166
*
519
51,166
*
513
151
Building:
ELEMENTARY SCHOOLS (continued)
Pine Shadows (1955)
Square Footage
Capacity
Enrollment
Ridgecrest (2010) / (1953)
Square Footage
Capacity
Enrollment
Rummel Creek (1962)
Square Footage
Capacity
Enrollment
Shadow Oaks (2011) / (1959)
Square Footage
Capacity
Enrollment
Sherwood (1968)
Square Footage
Capacity
Enrollment
Spring Branch (2011) / (1938)
Square Footage
Capacity
Enrollment
Spring Shadows (1968)
Square Footage
Capacity
Enrollment
Terrace (1973)
Square Footage
Capacity
Enrollment
Thornwood (1973)
Square Footage
Capacity
Enrollment
Treasure Forest (1996)
Square Footage
Capacity
Enrollment
Valley Oaks (1956)
Square Footage
Capacity
Enrollment
2011
2010
90,184
674
735
111,352
725
820
90,184
674
685
111,352 **
725 **
782 **
2009
2008
86,910
674
626
86,910
674
673
88,853
706
759
88,853
706
753
72,615
760
729
72,615
760
712
72,615
760
700
72,615
760
727
77,230 **
700 **
666 **
84,588
814
680
84,588
814
720
84,588
814
735
69,371
538
394
69,371
538
370
69,371
538
386
69,371
538
344
91,788
680
545
77,352
680
540
77,352
680
573
96,664
830
667
96,664
830
701
96,664
830
666
83,904
830
730
74,349
702
544
74,349
702
555
74,349
702
524
74,349
702
574
69,038
548
419
69,038
548
440
69,038
548
449
69,038
548
455
82,149
688
650
82,149
688
701
82,149
688
620
82,149
688
637
72,240
716
627
72,240
716
594
75,697
716
527
75,697
716
575
101,897 **
680 **
540 **
152
Table 17
Page 3 of 5
2007
2006
2005
2004
2003
2002
86,910
674
645
86,910
674
642
86,910
674
689
86,910
*
703
70,803
*
739
70,803
*
689
88,853
706
751
88,853
706
794
88,853
706
728
88,853
*
861
80,465
*
845
80,465
*
824
72,615
760
696
72,615
760
657
72,615
760
641
72,615
*
605
72,615
*
591
46,426
*
579
84,588
814
723
84,558
814
760
84,558
814
766
84,558
*
717
64,915
*
712
64,915
*
760
69,371
538
361
69,371
538
363
69,371
538
352
69,371
*
395
53,972
*
431
53,972
*
482
77,352
680
585
77,352
680
587
77,352
680
627
77,352
*
622
59,928
*
648
59,928
*
668
83,904
830
675
83,904
830
698
83,904
830
696
83,904
*
736
71,144
*
696
71,144
*
730
74,349
702
570
74,349
702
655
74,349
702
631
74,349
*
609
57,989
*
588
57,989
*
578
69,038
548
511
69,038
548
540
69,038
548
428
69,038
*
411
52,410
*
439
52,410
*
398
82,149
688
652
82,149
688
601
82,149
688
628
82,149
*
644
82,149
*
671
82,149
*
678
75,697
716
626
75,697
716
648
75,697
716
657
75,697
*
644
59,465
*
626
59,465
*
624
153
Building:
2011
2010
2009
2008
98,264 **
608 **
603 **
56,409
608
648
56,409
608
573
56,409
608
576
123,253 **
574 **
630 **
71,798
574
609
71,798
574
548
71,798
574
560
86,114
716
583
86,114
716
628
70,508
716
636
70,508
716
660
26,000
380
275
26,000
380
114
26,000
380
234
26,000
380
303
26,000
380
314
26,000
380
307
26,000
380
324
26,000
380
333
15,618
136
129
15,618
136
279
15,618
136
147
15,618
136
135
26,000
380
372
26,000
380
343
26,000
380
296
26,000
380
314
26,000
380
313
26,000
380
313
26,000
380
178
26,000
380
239
38,830
440
62
38,830
440
46
38,830
440
26
38,830
440
40
***
***
413
388
154
***
413
380
***
413
361
413
375
Table 17
Page 4 of 5
2007
2006
2005
2004
2003
2002
56,409
608
589
56,409
608
571
56,409
608
511
56,409
*
515
38,513
*
538
38,513
*
561
71,798
574
570
71,798
574
548
71,798
574
507
71,798
*
544
58,615
*
534
58,615
*
548
70,508
716
679
70,508
716
665
70,508
716
631
70,508
*
752
54,902
*
721
54,902
*
709
26,000
380
310
26,000
380
303
26,000
380
310
26,000
*
335
26,000
*
290
26,000
*
250
26,000
380
347
26,000
380
334
26,000
380
316
26,000
*
370
26,000
*
357
26,000
*
346
15,618
136
139
15,618
136
149
15,618
136
122
15,618
*
140
15,618
*
135
15,618
*
101
26,000
380
333
26,000
380
316
26,000
380
320
26,000
*
339
26,000
*
329
26,000
*
299
26,000
380
264
26,000
380
269
26,000
380
222
26,000
*
289
26,000
*
282
26,000
*
-
38,830
440
58
38,830
440
58
38,830
440
56
38,830
*
52
38,830
*
87
38,830
*
151
***
***
413
371
***
413
362
***
413
377
***
*
368
155
***
*
374
*
362
Building:
2011
2010
2009
83,614
326
n/a
***
83,614
326
n/a
***
***
494
146
494
262
268,780
n/a
n/a
268,780
n/a
n/a
268,780
n/a
n/a
294,963
1,012
999
294,963
1,012
938
294,963
1,012
952
(1) The District changed the fiscal year-end from August 31 to June 30 beginning with fiscal
year 2004. All previous years are fiscal year ended August 31.
* Information not available
** New campus constructed.
** Spring Branch Education Center facility houses Cornerstone & School of Choice.
Square footage is for entire complex.
156
83,614
326
n/a
494
116
2008
Table 17
Page 5 of 5
2007
2006
83,614
326
n/a
***
2005
83,614
326
n/a
***
2004
83,614
326
n/a
***
2003
83,614
*
n/a
***
2002
83,614
*
n/a
83,614
*
n/a
* ***
***
494
242
494
182
494
166
*
194
*
251
*
227
268,780
n/a
n/a
268,780
n/a
n/a
268,780
n/a
n/a
268,780
n/a
n/a
268,780
n/a
n/a
268,780
n/a
n/a
294,963
1,012
852
294,963
1,012
825
294,963
1,012
734
294,963
*
605
294,963
*
535
294,963
*
409
157
Table 18
Data
Control
Code
1.
2.
3.
4.
Explanation
Total General Fund Balance 6-30-11 (Exhibit C-1 object 3000 for the
General Fund only)
Total Nonspendable and Restricted Fund Balance 6-30-11 (from Exhibit C1 - total of object 3400s for the General Fund only)
Total Committed and Assigned Fund Balance (from Exhibit C-1 - total of
object 3500s for the General Fund only)
Amount
$ 62,915,284
3,435,791
27,423,625
Estimated amount needed to cover fall cash flow deficits in the General
Fund (net of borrowed funds and funds representing deferred revenues)
32,880,000
5.
6.
7.
8.
9.
10.
11.
12.
41,857,538
5,254,750
10,095,140
8,509,450
129,456,294
$ (66,541,010)
The District Administration will continue to monitor the General Fund Balance in the following
budgetary cycles to maintain a fund balance level within District policy or State guidelines.
158
Exhibit L-1
SF2
SF4
SF5
SF9
No
Yes
No
No
159
3,057,979
SPRING BRANCH
INDEPENDENT SCHOOL DISTRICT
SINGLE AUDIT REPORT
for the Fiscal Year Ended June 30, 2011
Page
Independent Auditors Report on Internal Control over Financial Reporting and on
Compliance and Other Matters Based on an Audit of Financial Statements Performed
in Accordance with Government Auditing Standards
11
1
3411 Richmond Avenue | Suite 500 | Houston, TX 77046 | (P) 713.621.1515 | (F) 713.621.1570
www.null-lairson.com
Houston, Texas
November 21, 2011
Independent Auditors Report on Compliance with Requirements That Could Have a Direct
and Material Effect on Each Major Program and on Internal Control over Compliance
in Accordance with OMB Circular A-133
To the Board of Trustees
Spring Branch Independent School District
Houston, Texas
Compliance
We have audited Spring Branch Independent School Districts (the District) compliance with the types of
compliance requirements described in the U. S. Office of Management and Budget (OMB) Circular A-133
Compliance Supplement that could have a direct and material effect on each of the Districts major federal
programs for the year ended June 30, 2011. The District's major federal programs are identified in the
summary of auditors results section of the accompanying schedule of findings and questioned costs.
Compliance with the requirements of laws, regulations, contracts and grants applicable to each of its major
federal programs is the responsibility of the Districts management. Our responsibility is to express an
opinion on the District's compliance based on our audit.
We conducted our audit of compliance in accordance with auditing standards generally accepted in the
United States of America; the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, Audits of
States, Local Governments, and Non-Profit Organizations. Those standards and OMB Circular A-133
require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with
the types of compliance requirements referred to above that could have a direct and material effect on a
major federal program occurred. An audit includes examining, on a test basis, evidence about the District's
compliance with those requirements and performing such other procedures as we considered necessary in the
circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not
provide a legal determination of the District's compliance with those requirements.
In our opinion, the District complied, in all material respects, with the compliance requirements referred to
above that could have a direct and material effect on each of its major federal programs for the year ended
June 30, 2011.
Internal Control over Compliance
Management of the District is responsible for establishing and maintaining effective internal control over
compliance with the requirements of laws, regulations, contracts, and grants applicable to federal programs.
In planning and performing our audit, we considered the Districts internal control over compliance with the
requirements that could have a direct and material effect on a major federal program to determine the
auditing procedures for the purpose of expressing our opinion on compliance and to test and report on
internal control over compliance in accordance with OMB Circular A-133, but not for the purpose of
expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not
express an opinion on the effectiveness of the Districts internal control over compliance.
3
3411 Richmond Avenue | Suite 500 | Houston, TX 77046 | (P) 713.621.1515 | (F) 713.621.1570
www.null-lairson.com
Houston, Texas
November 21, 2011
I.
Financial Statements
Type of auditors report issued
Unqualified
No
Item #11-01
No
Federal Awards
Internal controls over major programs:
Material weakness(es) identified?
Significant deficiencies identified that are not considered to be
material weaknesses?
No
Unqualified
None
None reported
$1,416,480
Yes
II.
Internal controls should be in place to assure that balances reported in the Districts
financial statements reflect actual amounts. The purpose of key account
reconciliations is to ensure that account balances are correct and to provide an
appropriate level of accountability over major assets. Appropriate internal controls
generally include proper staffing within the organization to provide the assurances
noted above.
Condition:
Audit adjusting entries were necessary to reflect actual amounts at fiscal year-end for
capital assets, and cash and investments accounts in the student activity fund.
Effect:
Cause:
Recommendation: SBISD added a controller position in the 2010-11 year and the position was filled in
the fall of 2011, subsequent to the close out process for fiscal 2011. The position
included experience requirements and other qualification requirements to oversee
general ledger maintenance, reconciliations, and review procedures and processes.
Management should include the new controller in the development of closing
procedures and controls that minimize the risk of material misstatement in the
financial statements and potential loss of assets. These closing procedures should
include:
III.
IV.
V.
June 2012
Page 1 of 3
(01)
Project
Number
71301101
2011-CL 160346
71401101
71301101
Federal Grantor/
Pass-Through Grantor/
Program Title
U.S. Department of Agriculture
Pass-Through Texas Department of Agriculture:
Non cash assistance (commodities)
National School Lunch Program****
Fresh Fruit and Vegetable Program
Total Pass-Through Texas Department of Agriculture
Pass-Through State Department of Education:
School Breakfast Program****
National School Lunch Program****
Total Pass-Through State Department of Education
(02)
Federal
CFDA
Number
10.555
10.582
10.553
10.555
11691001101920
10691001101920
(A)
Expenditures,
Indirect
Cost
1,071,436
98,370
1,169,806
2,695,150
8,314,047
11,009,197
12,179,003
84.186A
84.186A
22,758
15,301
38,059
11610101101920
10610101101920
84.010A
84.010A
8,815,014
146,484
8,961,498
10610104101920000
84.010A
9,579
9,579
116600011019206000
106600011019206000
84.027A
84.027A
5,621,747
82,248
5,703,995
116610011019206000
84.173A
102,177
102,177
1166006101920
84.027A
2,727
2,727
11420006101920
84.048A
439,274
439,274
11694501101920
10694501101920
84.367A
84.367A
1,676,881
13,878
1,690,759
11630001101920
10630001101920
106300027110022
84.318X
84.318X
84.318X
47,046
20,945
199,040
84.365A
84.365A
11671001101920
10671001101920
267,031
1,257,265
12,052
1,269,317
Page 2 of 3
(01)
Project
Number
Federal Grantor/
Pass-Through Grantor/
Program Title
(02)
Federal
CFDA
Number
(A)
Expenditures,
Indirect
Cost
11557001101920
11557001101920
84.394A
84.394A
8,766,360
52,063
8,818,423
10554001101920
84.391A
1,656,928
1,656,928
10555001101920
84.392A
87,199
87,199
10551001101920
10551004101920000
84.389A
84.389A
3,790,402
46,500
3,836,902
10553001101920
84.386A
172,496
172,496
105530027110030
84.386A
151,683
151,683
69551002
84.369A
21,033
21,033
111714
096950127110014
33,229,080
84.243
11,207
84.287C
P334A050165-09
P334A050165-09
Direct:
Project UP
Project UP
Total GEAR UP and Project UP
S383A090012
Q184B080016
11,207
601,808
601,808
84.334A
84.334A
308,114
66,929
375,043
84.383
46,197
46,197
84.184B
42,390
42,390
34,305,725
Page 3 of 3
Federal Grantor/
Pass-Through Grantor/
Program Title
(01)
Project
Number
None
(02)
Federal
CFDA
Number
(A)
Expenditures,
Indirect
Cost
93.998
170,003
DR-1791
170,003
97.036
561,271
561,271
$
10
47,216,002
$ 47,216,002
3,672,376
79,767
4,684
3,756,827
1,280,317
$ 52,253,146
11
CFDA
Number
Program or Grant
Indirect Costs:
ESEA, Title IV - SDFSC
ESEA, Title I, Part A - Basic
Title II, Part D - Enhancing Education Through Technology - ARRA
IDEA, Part B - Formula
ESEA, Title II, Part A - TPTR
ESEA, Title II, Part D - Enhancing Education Through Technology
IDEA, Part B - Formula - ARRA
ESEA, Title I, Part A - Improving Basic Programs - ARRA
GEAR UP and Project UP
Mentoring Program Grants
Total Indirect Costs
84.186A
84.010A
84.386A
84.027A
84.367A
84.318X
84.391A
84.389A
84.334A
84.184B
Direct Costs:
Medicaid Program
SHARS Program
ROTC
Federal Flood Control Program
Total Direct Costs
93.998
n/a
n/a
n/a
Amount
Recorded in
General Fund
170,003
3,672,376
79,767
4,684
3,926,830
$
12
235
137,566
4,976
70,000
25,954
2,629
25,435
58,198
5,756
651
331,400
4,258,230