Financial Overview and Projections for 2019-20 Budget Workshop

2019-20 Budget Workshop June 17, 2019

Wrapping up 2018-19 Revenue Original Budget 2018-19 Estimated Finish - $1.04 2018-19 Estimated Finish - $1.17 Local 53,211,713 48,438,663 54,259,222 State 50,004,846 46,954,568 49,908,871 Federal 1,470,000 2,324,925 2,324,925 Total 104,686,559 97,718,156 106,493,018 Expenses Original Budget 2018-19 Estimated Finish - $1.04 2018-19 Estimated Finish - $1.17 Payroll 80,298,030 79,545,665 79,545,665 Contracted Services 10,680,351 10,780,691 10,780,691 Supplies 3,409,387 3,628,013 3,628,013 Misc. Operating 1,704,256 1,803,720 1,803,720 Capital Outlay 178,322 588,415 588,415 Total 96,270,346 96,346,504 96,346,504 Remaining 8,416,213 1,372,652 10,146,514

Fund Balance Summary General Fund General Fund Beginning Fund Balance 25,582,124 2018-19 Excess 10,146,514 Predicted Transfer Out (8,783,527) Estimated Fund Balance as of June 30, 2019 26,944,751

2019-20 Revenue Factors Local April 2018 Preliminary Taxable Value - $4,527,064,437 Johnson County - $2,877,122,981 Tarrant County - $1,649,941,456 July 2018 Certified Taxable Value - $4,545,915,174 Johnson County - $2,942,141,295 Tarrant County - $1,603,773,879 April 2019 Predicted - $4,897,531,746 Johnson County - $3,133,380,479 Tarrant County - $1,764,151,267 State 2.3% Growth Rate = 12,698 Enrollment / ADA 12,065 Demographer Report 3.5% - Projected Growth for 2019-20 2.5% - 2018-19 Projected Growth, 2.02% 2018-19 Actual Growth Federal

General Fund 2019-20 Projected Revenue 2018-19 Original Budget 2019-20 Projected - $1.04 2019-20 Projected - $1.17 Local 53,211,713 51,992,644 58,232,099 State 50,004,846 44,755,249 47,090,069 Federal 1,470,000 1,545,000 1,545,000 Total 104,686,559 98,292,893 106,867,168 Expenses 2018-19 Original Budget 2019-20 Projected - $1.04 2019-20 Projected - $1.17 Payroll 80,298,030 80,987,226 80,987,226 Services 10,680,351 11,436,724 11,436,274 Supplies 3,409,387 3,629,664 3,629,664 Misc. Operating 1,704,256 1,990,162 1,990,162 Debt Service 0 112,408 112,408 Capital Outlay 178,322 73,500 73,500 Total 96,270,346 98,229,684 98,229,684

Food Service 2018-19 Original Budget 2018-19 Estimated Finish 2019-20 Proposed Local 2,790,500 2,949,128 3,154,481 State 100,000 110,000 120,000 Federal 3,018,525 3,202,827 3,338,206 Total Revenue 5,908,525 6,261,955 6,612,687 Food Service (35) 5,777,067 6,132,962 6,426,358 Operations (51) 35,000 35,000 35,000 Total Expenditures 5,812,067 6,167,962 6,461,358 Remaining 96,458 93,993 151,329

Debt Service 2018-19 Original Budget 2018-19 Estimated Finish 2019-20 Proposed Budget Local 21,820,218 22,713,010 24,087,659 State 1,276,344 514,355 479,437 Total Revenue 23,096,562 23,227,365 24,567,096 Debt Service Total Expenditures 26,193,107 28,842,112 29,229,558 Remaining (3,096,545) (5,614,747) (4,662,462)

Fund Balance Summary Debt Service Debt Service Fund Balance June 30, 2018 16,125,004 Transfer In 2019 5,497,324 2019-20 Bond Payment (29,223,058) 2019-20 Estimated Revenue 24,567,096 Ending Fund Balance June 30, 2019 16,966,366 2020-2021 Bond Payment (22,907,856) 2021-2022 Bond Payment (22,744,531)

Fund Balance Summary Capital Projects Capital Projects Bond Issuance 85,000,000 Transfer In 2018 3,219,602 Interest to Date (May 31, 2019) 1,258,500 Sub-total 89,478,102 Estimated Transfer In 2019 3,200,000 Projected Balance 92,678,102

86thLegislative Session HB 3 Basic Allotment to $6,160 Current Year Property Value in SOF Tax Compressed to $0.93 Fast Growth school districts Salary Requirements 30% of increase, 75%/25% Split Compensatory Education Changes in weighted funding Pre-K/Penny Yield NIFA Increase

Property Value and Funding Lag FIRST Rating Indicator 20 (New): Prior Year Current Year 11 - Regular Program Allotment $ 60,716,123 $ 60,716,123 23 - Special Education Adjustment Allotment (spend 58% of amount) $ 5,965,242 $ 5,965,242 22 - Career & Technology Allotment (spend 55% of amount) $ 4,088,789 $ 4,088,789 21 - Gifted & Talented Adjustment Allotment (spend 52% of amount) $ 387,399 $ 387,399 24 - Compensatory Education Allotment (spend 52% of amount) $ 5,350,086 $ 5,350,086 25 - Bilingual Education Allotment (spend 52% of amount) $ 327,068 $ 327,068 99 - Transportation Allotment $ 663,954 $ 663,954 31 - High School Allotment (spend 100% of amount) $ 934,897 $ 934,897 Total Cost of Tier I $ 78,433,558 $ 78,433,558 Less Local Fund Assignment (41,687,836) $ (45,000,000) $ State Share of Tier I $ 36,745,722 $ 33,433,558

Accelerated Education The Texas Education Code requires a school district to provide each student who fails to perform satisfactorily on an End of Course assessment with accelerated instruction in the applicable subject area. HB 5, 83rdTexas Legislature in 2013 has emphasized this amount be included separately in the adopted budget. Amount to Approve $82,100

Legal Postings SB 622 requires school districts to reflect in their proposed budget a line item specifically for expenditures to publish all statutorily required public notices in the newspaper by the school district or their representatives. The line item must provide a clear comparison of the budgeted expenditures and the actual expenditures for the same purpose in the prior year, as required under Texas Local Government Code 140.0045. Amount to Approve $1,840 Amount Prior Year $2,040

Budget Adoption General Fund 2015-2016 Audited 2016-2017 Audited 2017-18 Audited 2018-19 Adopted 2019-20 Proposed REVENUES 5700 Total Local & Intermediate Revenues 5800 State Program Revenues 5900 Federal Program Revenues 39,177,826 45,140,571 769,818 46% 53% 1% 40,229,411 47,345,766 1,155,895 45% 53% 1% 49,946,643 52,049,435 1,427,874 48% 50% 1% 53,211,713 50,004,843 1,470,000 51% 48% 1% 58,232,099 47,090,069 1,545,000 54% 44% 1% 5030 TOTAL REVENUES 85,088,215 88,731,072 103,423,952 104,686,556 106,867,168 EXPENDITURES Instruction 0012 Instructional Resource & Media Svcs 0013 Curriculum & Instructional Staff Dev. 0021 Instructional Leadership 0023 School Leadership 0031 Guidance, Counseling & Evaluation Svcs 0032 Social Work Services 0033 Health Services 0034 Student (Pupil) Transportation 0035 Food Services 0036 Cocurricular/Extracurricular Activities 0041 General Administration 0051 Plant Maintenance & Operations 0052 Security & Monitoring Services 0053 Data Processing Services 0061 Community Services 0071 Debt Service 0081 Facilities Acquisition & Construction 0095 Pymts to Juvenile Justice Alternative Ed. 0099 Pymts to Johnson Co. Appraisal Dist. 0011 49,767,935 1,053,674 1,258,089 1,580,270 5,464,189 3,021,583 67,334 1,101,801 2,783,872 60% 1% 2% 2% 7% 4% 0% 1% 3% 0% 4% 3% 10% 0% 2% 0% 0% 0% 0% 1% 53,332,030 1,072,215 1,319,349 1,723,372 5,722,176 3,196,795 112,998 1,152,444 2,933,393 32,953 3,044,171 2,942,363 8,412,133 312,399 1,935,745 36,382 61% 1% 2% 2% 7% 4% 0% 1% 3% 0% 3% 3% 10% 0% 2% 0% 0% 0% 0% 1% 55,684,614 60% 1,166,925 1,490,989 1,842,099 5,910,006 3,664,525 102,198 1,149,067 3,082,676 17,346 3,657,304 2,643,583 8,578,396 381,888 2,462,969 37,755 58,168,595 1,161,930 1,613,903 1,963,436 6,071,595 4,026,949 107,457 1,207,426 3,039,464 20,000 3,406,445 2,877,412 8,800,984 519,258 2,469,150 60% 1% 2% 2% 6% 4% 0% 1% 3% 0% 4% 3% 9% 1% 3% 0% 0% 0% 0% 1% 58,913,256 1,196,144 1,571,485 1,614,379 6,606,903 4,009,478 106,471 1,352,284 3,400,138 20,000 3,284,754 2,940,042 9,321,001 579,752 2,356,225 60% 1% 2% 2% 7% 4% 0% 1% 3% 0% 3% 3% 9% 1% 2% 0% 0% 0% 0% 1% 1% 2% 2% 6% 4% 0% 1% 3% 0% 4% 3% 9% 0% 3% 0% 0% 0% 0% 1% 8,188 2,929,217 2,325,148 8,195,583 275,646 1,783,605 16,913 37,602 34,464 112,408 0 0 0 0 0 0 0 0 0 40,052 1,343 627,746 0 3,500 775,240 3,500 807,000 637,407 702,052 6050 TOTAL EXPENDITURES 82,302,188 87,918,325 92,574,392 96,270,346 98,229,684 1100 Excess/(Deficiency) of revenues over/(under) expenditures 2,786,027 812,747 10,849,560 8,416,210 8,637,484 7900 Other resources 8900 Other uses (5,558,760) - - (8,519,602) - (8,409,258) - (8,637,484) - Excess/(Deficiency) of other resources over other uses (5,558,760) 0 (8,519,602) (8,409,258) (8,500,000) 1200 Excess/(Deficiency) of revenues & other resources over/(under) expenditures & other uses (2,772,733) 812,747 2,329,958 6,952 137,484 3000 Fund balance at beginning of year 25,212,152 22,439,419 23,252,166 25,582,124 25,589,076 3000 FUND BALANCE AT END OF YEAR 22,439,419 23,252,166 25,582,124 25,589,076 25,726,560

Budget Adoption Food Service 2015-2016 Audited 2016-2017 Audited 2017-2018 Audited 2018-2019 Adopted 2019-2020 Proposed REVENUES Local & Intermediate Sources Revenues State Program Revenues Federal Program Revenues 5700 5800 5900 2,516,373 109,758 2,783,336 47% 2% 51% 2,568,218 121,789 2,887,376 46% 2% 52% 2,747,721 114,367 2,975,494 47% 2% 51% 2,790,500 100,000 3,018,025 47% 2% 51% 3,154,481 120,000 3,338,206 48% 2% 50% 5030 TOTAL REVENUES 5,409,467 5,577,383 5,837,582 5,908,525 6,612,687 EXPENDITURES Instruction 0012 Instructional Resource & Media Services 0013 Curriculum & Instructional Staff Development 0021 Instructional Leadership 0023 School Leadership 0031 Guidance, Counseling & Evaluation Services 0032 Social Work Services 0033 Health Services 0034 Student (Pupil) Transportation 0035 Food Services 0036 Cocurricular/Extracurricular Activities 0041 General Administration 0051 Plant Maintenance & Operations 0052 Security & Monitoring Services 0053 Data Processing Services 0061 Community Services 0071 Debt Service 0081 Facilities Acquisition & Construction 0093 Pymts to Fiscal Agent of Shared Svcs Arrangements 0011 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5,400,198 99% 5,532,898 99% 5,801,034 99% 5,777,067 99% 6,426,358 99% 0 0 0 0 0 0 0 0 0 0 31,418 1% 31,126 1% 31,205 1% 35,000 1% 35,000 1% 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6050 TOTAL EXPENDITURES 5,431,616 5,564,024 5,832,239 5,812,067 6,461,358 1100 Excess/(Deficiency) of revenues over/(under) expenditures (22,149) 13,359 5,343 96,458 151,329 7900 8900 Other resources Other uses 0 0 0 0 0 0 0 0 0 0 Excess/(Deficiency) of other resources over other uses 0 0 0 0 0 1200 Excess/(Deficiency) of revenues & other resources over/(under) expenditures & other uses (22,149) 13,359 5,343 96,458 151,329 3000 Fund balance at beginning of year 202,080 179,931 193,290 198,633 295,091 3000 FUND BALANCE AT END OF YEAR 179,931 193,290 198,633 295,091 446,420

Budget Adoption Debt Service 2015-2016 Audited 2016-2017 Audited 2017-2018 Audited 2018-2019 Adopted 2019-20 Proposed REVENUES Local & Intermediate Sources Revenues State Program Revenues Federal Program Revenues 5700 5800 5900 18,127,402 1,311,093 93% 7% 18,885,605 1,738,210 92% 8% 20,934,939 1,179,920 95% 5% 21,820,218 1,276,344 94% 6% 24,087,659 479,437 98% 2% 0 0 0 0 0 5030 TOTAL REVENUES 19,438,495 20,623,815 22,114,859 23,096,562 24,567,096 EXPENDITURES Instruction 0012 Instructional Resource & Media Services 0013 Curriculum & Instructional Staff Development 0021 Instructional Leadership 0023 School Leadership 0031 Guidance, Counseling & Evaluation Services 0032 Social Work Services 0033 Health Services 0034 Student (Pupil) Transportation 0035 Food Services 0036 Cocurricular/Extracurricular Activities 0041 General Administration 0051 Plant Maintenance & Operations 0052 Security & Monitoring Services 0053 Data Processing Services 0061 Community Services 0071 Debt Service - Principal on long term debt 0072 Debt Service - Interest on long term debt 0073 Debt Service - Bond Issuance cost & fees 0081 Facilities Acquisition & Construction 0093 Pymts to Fiscal Agent of Shared Svcs Arrangements 0011 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5,800,000 14,066,752 1,417,599 27% 66% 7% 7,735,000 12,429,774 320,831 38% 61% 2% 11,715,000 13,115,431 807,120 46% 51% 3% 11,335,000 14,853,107 43% 57% 0% 14,225,000 14,998,058 49% 51% 0% 5,000 6,500 0 0 0 0 0 0 0 0 0 0 6050 TOTAL EXPENDITURES 21,284,351 20,485,605 25,637,551 26,193,107 29,229,558 1100 Excess/(Deficiency) of revenues over/(under) expenditures (1,845,856) 138,210 (3,522,692) (3,096,545) (4,662,462) 7900 8900 Other resources Other uses 162,287,206 (161,490,701) 18,462,340 (18,146,509) 76,714,829 (70,609,310) 6,175,000 4,997,981 0 0 Excess/(Deficiency) of other resources over other uses 796,505 315,831 6,105,519 6,175,000 4,997,981 1200 Excess/(Deficiency) of revenues & other resources over/(under) expenditures & other uses (1,049,351) 454,041 2,582,827 3,078,455 335,519 3000 Fund balance at beginning of year 14,137,487 13,088,136 13,542,177 16,125,004 19,203,459 3000 FUND BALANCE AT END OF YEAR 13,088,136 13,542,177 16,125,004 19,203,459 19,538,978