HARLINGEN CONSOLIDATEDINDEPENDENT SCHOOL DISTRICT

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HARLINGEN CONSOLIDATED INDEPENDENT SCHOOL DISTRICT

2014-2015 PROPOSED BUDGET

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ESTIMATED REVENUES AND APPROPRIATIONS

Fund Description Revenue Appropriation Difference

199 Local Maintenance

$147,520,620.00 144,844,638.16 $ 2,675,981.84

162 Athletics 396,408.00 $ 3,072,389.84 (2,675,981.84)

General Funds Total

$147,917,028.00 $147,917,028.00 -

240 Food Service $ 11,980,912.90 $ 11,980,912.90 -

511 Interest and Sinking

$ 10,550,495.00 $ 10,550,495.00 ____________

Total All Funds

$170,448,435.90 $ 170,448,435.90 -

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FACTORS IMPACTING BUDGETCERTIFIED TAX ROLL $

3,376,170,343 INCREASE OF 2.77%COLLECTION RATE

97.5%TAX RATE $

1.218 M&O $ 1.04 I&S $ .178STUDENT ADA 17,250ENROLLMENT INCREASE OF 0.00%INCREASE IN STAFF (SHPROFESSIONS)

$940,478INCREASE IN STAFF(AQUATIC CENTER)

$199,048OTHER STAFF INCREASE

$575,464HEALTH INSURANCE INCREASE

8.62%TEACHER STARTING SALARY WILL BE

$44,500SALARY INCREASE TEACHERS

2.5%/$1200 SALARY INCREASE PROFESSIONALS AND

ADMINISTRATORS 2.0%SALARY INCREASE HOURLY 3.0%NEW TRS SURCHARGE

$1,163,000UTILITY COSTS(SCHOOL OF HEALTH

PROFESSIONS/AQUATIC CENTER) $200,000 4

FACTORS IMPACTING BUDGET CONTINUED$690,789 FOR ANNUAL PAYMENT OF

LEASE REVENUE BONDS USED TO FINANCE THE SCHOOL OF HEALTH PROFESSIONS INCLUDED IN LOCAL BUDGET

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OTHER FACTORS

INCREASE IN TAXABLE VALUE 2.77%

STATE REVENUE INCREASES INCREASE IN AVERAGE DAILY ATTENDANCE FROM 17,100 TO 17,250 INCREASE IN SPECIAL POPULATIONS CAREER AND TECHNOLGY, SPECIAL EDUCATION,

STATE COMPENSATORY AND BILINGUAL INCREASE IN ADJUSTED BASIC ALLOTMENT FROM $5,420 to $5,516

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Athletic Fund

General Fund

Food Service Fund

Debt Service Fund

Total

$ 396,408.00

$ 147,520,620.00

$ 11,980,912.90

$ 10,550,495.00

$ 170,448,435.90

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ESTIMATED REVENUES BY FUND

Property Taxes

Other Local Revenue

State Revenue

Federal Revenue

Other Sources

Grand Total

$ 40,673,090.00 ( 23.86%)

3,159,777.92 ( 1.86%)

114,185,651.00 ( 66.99%)

12,379,916.98 ( 7.26%)

50,000.00 ( .03%)

$170,448,435.90 ( 100.00%)

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ESTIMATED REVENUE BY TYPE

Current

Delinquent

Penalty and interest

Total

$38,639,856.00

$ 1,133,234.00

$ 900,000.00

$40,673,090.00

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PROPERTY TAXES

Athletic Rev

Food Service

Interest Income

Other

Total

$ 396,408.00

$ 1,433,231.60

$ 100,000.00

$ 1,230,338.32

$ 3,159,777.92

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MISC REVENUES

Regular Block Grant

Special Education

Career and Tech

Gifted and Talented

State Compensatory

Bilingual

Transportation

Tier II

High School Allotmt

EDA

IFA

TRS on Behalf

Other State Funds

Total

$56,430,412

10,428,761

8,674,142

570,906

16,332,037

1,260,958

858,000

7,206,407

1,286,351

1,172,325

3,644,936

6,120,110

200,306

$114,185,651

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STATE REVENUES

Breakfast

Lunch/Supper

Indirect Costs

ROTC Fed Reimb

Medicaid/SHARS

US Commodities

Other

Total

$ 2,439,334

7,988,347

252,500

137,561

1,255,102

55,000

252,073

$12,379,917

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FEDERAL REVENUES

Auction proceeds

Total

$ 50,000.00

$

50,000.00

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OTHER RESOURCES

REVENUES

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Athletics

General Fund

Food Service

Debt Service

Total

$ 3,072,390.00

$ 144,844,638.00

$ 11,980,913.00

$ 10,550,495.00

$ 170,448,436.00

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APPROPRIATIONS BY FUND

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InstructionInstructional ResStaff DevelopmentInstr Related ServicesSchool AdministrationGuidance & CounselingSocial WorkHealth ServicesTransportationFood ServiceCo/ExtracurricularGen AdministrationPlant MaintenanceSecurity ServicesData ProcessingCommunity ServicesDebt ServicesFacility ConstructionJjaepAppraisal DistTotal

$ 86,797,815 ( 50.92%) 3,252,374 ( 1.90%) 1,252,328 ( 0.73%) 3,072,866 ( 1.85%) 10,000,259 ( 5.86%) 4,858,777 ( 2.85%) 223,231 ( .13%) 1,853,161 ( 1.08%) 3,810,992 ( 2.23%) 11,464,793 ( 6.72%) 5,103,608 ( 3.00%) 3,934,545 ( 2.31%) 18,600,433 ( 10.91%) 929,777 ( .54%) 1,980,769 ( 1.16%) 1,061,214 ( .62%) 11,701,495 ( 6.86%) 0 ( .00%) 150,000 ( .08%) 400,000 ( .23%) $170,448,436 (100.00%)

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APPROPRIATIONS BY FUNCTION

Payroll

Contracted Services

Supplies and Mat

Other Operating Exp

Debt Service

Capital Outlay

Total

$128,836,575 ( 75.95%)

11,990,042 ( 7.03%)

13,602,821 ( 7.98%)

3,635,184 ( 2.13%)

11,701,495 ( 6.86%)

682,319 ( .46%)

$170,448,436 (100.00%)

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APPROPRIATIONS BY OBJECT CODE

Gifted and Talented

Career and Tech

Special Education

State Compensatory

Bilingual

High School Allotment

$ 1,334,417

$ 4,364,206

$10,970,895

$ 8,594,159

$ 2,259,577

$ 1,181,473

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APPROPRIATIONSSTATE PROGRAMS

NEW LAW REQUIRES US TO SET ASIDE STATE COMPENSATORY DOLLARS BEFORE BUDGET IS

APPROVED

APPROPRIATIONS

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FUND C

OMPARIS

ON

TO P

RIOR Y

EAR

BUDGET

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PRIOR YEAR COMPARISONGENERAL, FOOD SERVICE AND DEBT SERVICE

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PRIOR YEAR COMPARISONGENERAL FUND ONLY

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PRIOR YEAR COMPARISONFOOD SERVICE ONLY

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DEBT SERVICE FUND

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2014-2015 TAX RATE

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NOTICE OF PUBLIC MEETING TO DISCUSS BUDGET AND PROPOSED TAX RATE

The Harlingen Consolidated Independent School District will hold a public meeting at 6:00 PM, August 27, 2014 in 407 North 77 Sunshine Strip Harlingen, Texas 78550. The purpose of this meeting is to discuss the school district's budget that will determine the tax rate that will be adopted. Public participation in the discussion is invited. The tax rate that is ultimately adopted at this meeting or at a separate meeting at a later date may not exceed the proposed rate shown below unless the district publishes a revised notice containing the same information and comparisons set out below and holds another public meeting to discuss the revised notice.

Maintenance Tax $1.0400/$100 (proposed rate for maintenance and operations) School Debt Service Tax Approved by Local Voters

$0.1780/$100 (proposed rate to pay bonded indebtedness)

Comparison of Proposed Budget with Last Year's Budget The applicable percentage increase or decrease (or difference) in the amount budgeted in the preceding fiscal year and the amount budgeted for the fiscal year that begins during the current tax year is indicated for each of the following expenditure categories.

Maintenance and operations 4.94 % increase

Debt Service 1.10 % increase

Total expenditures 4.69 % increase

Total Appraised Value and Total Taxable Value

(as calculated under Section 26.04, Tax Code)

Preceding Tax Year Current Tax Year Total appraised value* of all property $3,857,884,604 $3,899,084,285

Total appraised value* of new property** $29,955,868 $43,984,370

Total taxable value*** of all property $3,325,202,911 $3,376,170,343

Total taxable value*** of new property** $28,506,181 $39,974,163

*Appraised value is the amount shown on the appraisal roll and defined by Section 1.04(8), Tax Code. ** "New property" is defined by Section 26.012(17), Tax Code. *** "Taxable value" is defined by Section 1.04(10), Tax Code.

Bonded Indebtedness Total amount of outstanding and unpaid bonded indebtedness* $144,275,000

*Outstanding principal. Comparison of Proposed Rates with Last Year's Rates

Maintenance & Operations

Interest & Sinking Fund*

Total

Local Revenue Per Student

State Revenue Per Student

Last Year's Rate $1.0400 $0.1780* $1.2180 $2,269 $6,013

Rate to Maintain Same Level of Maintenance & Operations Revenue & Pay Debt Service $1.0463 $0.1777* $1.2240 $2,278 $6,138

Proposed Rate $1.0400 $0.1780* $1.2180 $2,297 $6,145

*The Interest & Sinking Fund tax revenue is used to pay for bonded indebtedness on construction, equipment, or both. The bonds, and the tax rate necessary to pay those bonds, were approved by the voters of this district.

Comparison of Proposed Levy with Last Year's Levy on Average Residence

Last Year This Year Average Market Value of Residences $91,936 $92,760

Average Taxable Value of Residences $76,936 $77,760

Last Year's Rate Versus Proposed Rate per $100 Value $1.2180 $1.2180

Taxes Due on Average Residence $937.08 $947.12

Increase (Decrease) in Taxes

$10.04

Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older or of the surviving spouse of such a person, if the surviving spouse was 55 years of age or older when the person died, may not be increased above the amount paid in the first year after the person turned 65, regardless of changes in tax rate or property value.

Notice of Rollback Rate: The highest tax rate the district can adopt before requiring voter approval at an election is $1.2183. This election will be automatically held if the district adopts a rate in excess of the rollback rate of $1.2183.

Fund Balances The following estimated balances will remain at the end of the current fiscal year and are not encumbered with or by a corresponding debt obligation, less estimated funds necessary for operating the district before receipt of the first state aid payment.

Maintenance and Operations Fund Balance(s) $28,500,000 Interest & Sinking Fund Balance(s) $1,200,000

TAX RATE COMPARISON WITH OTHER SCHOOL DISTRICTS

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SUPPLEMENTARY INFORMATION

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FEDERAL AND OTHER STATE FUNDS

FUND CODE FUND DESCRIPTION REVENUE APPROPRIATION

DIFFERENCE SURPLUS (DEFICIT)

211ESEA TITLE I, PART A , IMPROVING BASIC PROGRAMS 7,611,324.25 7,611,324.25 0.00

212

ESEA, TITLE I, PART C EDUCATION OF MIGRATORY CHILDREN 1,219,422.18 1,219,422.18 0.00

215

ESEA TITLE I, PART D, PREVENTION & INTERVENTION PROGRAM 77,253.23 77,253.23 0.00

224 IDEA PART B FORMULA 3,168,044.45 3,168,044.45 0.00

225 IDEA PART B PRESCHOOL 64,035.52 64,035.52 0.00

244 CAREER & TECHNICAL-BASIC 255,344.44 255,344.44 0.00

255

ESEA, TITLE II, PART A-TEACHER PRINCIPAL TRAINING RECRUITMENT 973,254.63 973,254.63 0.00

263

ESEA, TITLE III, PART A, SUBPART I, ENGLISH LANGUAGE ACQUISITION 263,238.00 263,238.00 0.00

461 STUDENT ACTIVITY 523,425.00 523,425.00 0.00

618 CAPITAL PROJECTS-BABS 128,677.89 128,677.89 0.00

619CAPITAL PROJECTS-TAX EXEMPT 55,147.67 55,147.67 0.00

770 EMPLOYEE BENEFITS 20,000.00 20,000.00 0.00

TOTAL ALL FUNDS 14,359,167.26 14,359,167.26

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