July 2014 Board Meeting

Financial Presentation

Tax Report • Total Levy - $82.0

• Budgeted tax collections - $81.6 million

• Total tax collections -$81.7 million

• Tax collections at 100.2% of budgeted taxes

$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

2013-2014

Total Tax Levy

Budgeted Taxes

YTD Collections

2

Securities Pledged Against Deposits June 30, 2014

• Depository requirement – 102% of all deposits in bank

• Current excess pledge over requirement – 150%

3

$6,164,272

$9,223,184

$-

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000

$9,000,000

$10,000,000

Pledge Requirement

Depository Pledge Information June 30, 2014

Comparison of General Fund Budget to Actual

2013-2014

4

Esti

mat

ed R

even

ue

$84

,423

,371

Rev

enue

$

84,8

58,6

72

Bud

gete

d Ex

pend

itur

es

$84,

460,

551

Expe

ndit

ures

$8

2,41

4,52

6

$81,000,000

$81,500,000

$82,000,000

$82,500,000

$83,000,000

$83,500,000

$84,000,000

$84,500,000

$85,000,000

$85,500,000

Comparison of Food Service Fund Budget to Actual

2013-2014

5

Esti

mat

ed R

even

ue

$5,

481,

418

Rev

enue

$

5,30

8,41

2

Bud

gete

d Ex

pend

itur

es

$5,4

25,2

61

Expe

ndit

ures

$5

,362

,404

$5,200,000

$5,250,000

$5,300,000

$5,350,000

$5,400,000

$5,450,000

$5,500,000

Comparison of Debt Service Fund Budget to Actual

2013-2014

6

Esti

mat

ed R

even

ue

$18

,555

,933

Rev

enue

$

18,7

95,1

79

Bud

gete

d Ex

pend

itur

es

$16,

258,

661

Expe

ndit

ures

$1

6,25

7,60

9

$14,500,000

$15,000,000

$15,500,000

$16,000,000

$16,500,000

$17,000,000

$17,500,000

$18,000,000

$18,500,000

$19,000,000

Investment Report As of June 30, 2014

7

General Fund YTD Interest - $24,503

All Funds YTD Interest - $54,111

Interest Rates - .03% to .33%

Texpool $2,732,528

5% Lone Star $17,630,488

31%

First Texas Bank $6,557,836

11%

Texpool Prime $13,980,407

24%

Money Market $3,000,653

5%

CDs $14,006,681

24%

Distribution of Investments

Bond Construction Summaries

Funding Bonds sold - $109.3 million Remaining bonds unsold - $28 million Interest earned on 2013C Bonds - $10,581

Projects Budgeted $22.2 million Balance remaining – $49,996

8