Harlandale Independent School District

Transcription

Harlandale SISD
A
an
ntonio,
Texas
Comprehensive Annual Financial Report
For the fiscal year ending August 31, 2011
The Mission
Harlandale: A family working together to provide a high quality education where
all students graduate to become productive and successful citizens for the 21st century.
HARLANDALE INDEPENDENT SCHOOL DISTRICT
102 Genevieve
San Antonio, Texas 78214-2997
COMPREHENSIVE
ANNUAL FINANCIAL REPORT
Year Ended August 31, 2011
Prepared by: Ricardo J. Hernandez, CPA
Assistant Superintendent for Business
(This page intentionally left blank)
San Antonio, Texas
TABLE OF CONTENTS
INTRODUCTORY SECTION
Page
Exhibit
Transmittal Letter............................................................................................................................
V
-
Certificate of Board.........................................................................................................................
XI
-
Certificate of Achievement for Excellence in Financial Reporting ................................................
XIII
-
Organizational Chart .......................................................................................................................
XIV
-
List of Principal Officials................................................................................................................
XV
-
Independent Auditors' Report .........................................................................................................
1
-
Management’s Discussion and Analysis.........................................................................................
5
-
17
19
A-1
B-1
20
C-1
23
C-2
24
C-3
27
C-4
FINANCIAL SECTION
Basic Financial Statements
Government-wide Financial Statements:
Statement of Net Assets............................................................................................................
Statement of Activities .............................................................................................................
Governmental Fund Financial Statements:
Balance Sheet – Governmental Funds......................................................................................
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Assets..........................................................................................
Statement of Revenues, Expenditures and
Changes in Fund Balances – Governmental Funds ..........................................................
Reconciliation of the Governmental Funds
Statement of Revenues, Expenditures, and Changes in Fund Balances
to the Statement of Activities ...........................................................................................
Proprietary Fund Financial Statements:
Statement of Net Assets – Proprietary Funds ...........................................................................
Statement of Revenues, Expenses and Changes
in Fund Net Assets – Proprietary Funds...........................................................................
Statement of Cash Flows – Proprietary Funds..........................................................................
28
D-1
29
30
D-2
D-3
Fiduciary Funds Financial Statements:
Statement of Fiduciary Net Assets – Fiduciary Funds .............................................................
31
E-1
Notes to Financial Statements .........................................................................................................
33
-
(Continued)
I
San Antonio, Texas
TABLE OF CONTENTS
FINANCIAL SECTION
Required Supplementary Information
Schedule of Revenues, Expenditures, and Changes in Fund Balance
Budget and Actual – General Fund ..................................................................................
67
F-1
71
73
F-2
F-3
74
F-4
75
F-5
77
F-6
82
G-1
90
G-2
97
H-1
Required TEA Schedules
Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual
General Fund Subfund – Child Nutrition Program ..........................................................
Schedule of Delinquent Taxes Receivable ...............................................................................
Schedule of Expenditures for Computation of Indirect Cost for 2012-2013
– General and Special Revenue Funds .............................................................................
Fund Balance and Cash Flow Calculation Worksheet
– General Fund .................................................................................................................
Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual
– Debt Service Fund ........................................................................................................
COMBINING STATEMENTS:
Non-Major Governmental Funds – Special Revenue Funds
Combining Balance Sheet.........................................................................................................
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances................................................................................................
Fiduciary Fund Type
Statement of Changes in Assets and Liabilities – Agency Fund ..............................................
II
(Continued)
San Antonio, Texas
TABLE OF CONTENTS
STATISTICAL SECTION
Financial Trends
Net Assets by Component – Last Nine Fiscal Years.......................................................................
Changes in Net Assets – Governmental Activities – Last Nine Fiscal Years .................................
Fund Balances, Governmental Funds – Last Ten Fiscal Years.......................................................
Statement of Revenue and Expenditures in Governmental Funds – Last Ten Fiscal Years ...........
101
102
105
106
Revenue Capacity
Assessed and Estimated Actual Value of Property – Last Ten Years.............................................
Schedule of Principal Taxpayers.....................................................................................................
Direct and Overlapping Property Tax Rates – Last Ten Years .......................................................
Property Tax Levies and Collections – Last Ten Years..................................................................
108
111
112
115
Debt Capacity
Ratio of Net General Obligations Bonded Debt – Last Ten Years .................................................
Outstanding Debt by Type – Last Ten Years ..................................................................................
Legal Debt Margin – Last Ten Fiscal Years ...................................................................................
Schedule of Direct and Estimated Overlapping Debt .....................................................................
116
118
120
122
Demographic and Economics Information
Demographic and Economic Statistics – Last Ten Years ...............................................................
Principal Employers ........................................................................................................................
Full Time Equivalents (FTE) Employees – Last Ten Years ...........................................................
Employees by Function – Last Eight Fiscal Years..........................................................................
123
124
125
126
Operating Information
Nutrition Services – Facts and Figures – Last Ten Fiscal Years.....................................................
Student Enrollment Statistics – Last Ten Years..............................................................................
Capital Asset Information ...............................................................................................................
Teacher Base Salaries – Last Ten Years .........................................................................................
127
128
129
130
III
HARLANDALE INDEPENDENT SCHOOL DISTRICT (Continued)
San Antonio, Texas
TABLE OF CONTENTS
FEDERAL AWARDS SECTION
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 .................................................................
Report on Compliance with Requirements Applicable
To Each Major Program and on Internal Control Over
Compliance in Accordance with OMB Circular A-133 ...........................................................
Schedule of Findings and Questioned Costs ...................................................................................
Schedule of Status of Prior Findings...............................................................................................
Schedule of Expenditures of Federal Awards .................................................................................
Notes to the Schedule of Expenditures of Federal Awards.............................................................
IV
131
135
139
143
144
147
I-1
Introductory
Section
102 Genevieve, San Antonio, Texas 78214-2997
January 23, 2012
Mr. Esequiel Mendoza, President
and Members of the Board of Trustees
102 Genevieve
San Antonio, Texas 78214-2997
Members of the Board:
The Texas Education Code requires that all school districts file a complete set of financial statements
with the Texas Education Agency (“TEA”) within 150 days of the close of each fiscal year. The
financial statements must be presented in conformity with generally accepted accounting principles
(“GAAP”) and audited by a firm of licensed certified public accountants in accordance with
generally accepted auditing standards. Pursuant to that requirement, we hereby issue the
Comprehensive Annual Financial Report of the Harlandale Independent School District (District) for
the year ended August 31, 2011.
This report consists of management’s representations concerning the finances of the District.
Consequently, management assumes full responsibility for the completeness and reliability of all of
the information presented in this report. To provide a reasonable basis for making these
representations, management of the District has established a comprehensive internal control
framework that is designed both to protect the District’s assets from loss, theft, or misuse and to
compile sufficient reliable information for the presentation of the District’s financial statements in
conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the
District’s comprehensive framework of internal controls has been designed to provide reasonable
rather than absolute assurance that the financial statements will be free from material misstatement.
Garza/Gonzalez & Associates, a firm of licensed certified public accountants, have audited the
financial statements of the District. The goal of the independent audit was to provide reasonable
assurance that the financial statements of the District for the fiscal year ended August 31, 2011, are
free of material misstatement. The independent audit involved examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements; assessing the accounting
principles used and significant estimates made by management; and evaluating the overall financial
statement presentation. The independent auditor concluded, based upon the audit, that there was a
reasonable basis for rendering an unqualified opinion that the District’s financial statements for the
fiscal year ended August 31, 2011 are fairly presented in conformity with GAAP. The independent
auditor’s report is presented as the first component of the financial section of this report.
The independent audit of the financial statements of the District was part of a broader, federally
mandated “Single Audit” designed to meet the special needs of federal grantor agencies. The
standards governing Single Audit engagements require the independent auditor to report not only on
the fair presentation of the financial statements, but also on the audited government’s internal
controls and compliance with legal requirements, with emphasis on internal controls and legal
requirements involving the administration of federal awards. Information related to this single audit,
including a schedule of expenditures of federal awards, the independent auditors’ report on the
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internal controls and compliance with applicable laws and regulation, and a schedule of findings
and questioned costs are included in the Federal Awards Section of this report.
GAAP require that management provide a narrative introduction, overview, and analysis to
accompany the basic financial statements in the form of the Management’s Discussion and
Analysis (“MD&A”). This letter of transmittal is designed to complement the MD&A and
should be read in conjunction with it. The District’s MD&A can be found immediately
following the report of the independent auditors.
PROFILE OF THE DISTRICT
The Harlandale Independent School District (District) was chartered by the State of Texas in
1924. The District encompasses 13.7 square miles and serves over 14,300 students. There are 14
elementary schools, 4 middle schools, 2 high schools, 2 alternative centers, and 1 center for
multi-handicapped students.
The District is governed by a seven-member Board of Trustees (Board) composed of District
residents, with each trustee representing one of the seven single-member districts and elected by
voters of that district. The Board is responsible for managing and governing the schools of the
District, including adopting goals and objectives for the District, reviewing and acting on
policies, adopting an annual budget, levying and collecting District taxes, approving, as
necessary, school personnel as recommended by the superintendent, setting salary schedules,
adopting District policies and setting directions for curriculum, and reporting to the public on the
District’s progress. The District’s Superintendent of Schools and staff assist the Board with
financial and administrative matters and oversee the day-to-day operations of the District.
The District provides a full range of educational services appropriate to grade levels PreKindergarten through twelve. These include regular and enriched academic education, special
education for students with disabilities, occupational education, bilingual instruction for those
with limited English proficiency and specialized instruction for disadvantaged students. These
basic programs are supplemented by additional offerings in the fine arts and athletics. In
addition, the District provides for community and adult education by offering a wide variety of
academic and occupational courses.
The annual budget serves as the foundation for the District’s financial planning and control. The
District’s fiscal year begins September 1st and ends August 31st. The budget is initially prepared
under the direction of the Superintendent. The Board reviews the budget during workshops
conducted from January through August. The final budget is required by the State law to be
adopted by August 31st. The District maintains budgetary controls. The objective of these
controls is to ensure compliance with legal provisions embodied in the annual appropriated
budget approved by the Board.
Activities of the general fund, the debt service fund, and the child nutrition fund (which is
included in the general fund) are included in the annual appropriated budget. The level of
budgetary control (that is, the level at which expenditures cannot legally exceed the appropriated
amount) is established by major functional category.
Budget-to-actual comparisons are provided in this report for each individual governmental fund
for which an appropriated annual budget has been adopted. For the general fund, these
comparisons are presented in Exhibit F-1, as required supplementary information. The budgetto-actual comparisons for the general fund subfund – child nutrition program and debt service
fund are presented in Exhibits F-2 and F-6, respectively, as other supplementary information.
VI
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 City has a diversified economic base composed of mainly manufacturing, medicine, tourism, the
military, construction, and agribusiness. Toyota of USA’s automotive plant is located south of the
City and in close proximity to the District. However, it has yet to have a significant impact on
student growth in the District. The medical center is located northwest of the City. The center
locates the University of Texas at San Antonio medical school as well as other major medical
hospitals. Popular tourist attractions are the Alamo, the River Walk, Sea World of Texas, and the Six
Flags Fiesta Texas theme park. There are currently four major military installations located in and
around the City. The installations provide for training, medical, air base, and general military
operations. The agribusiness is aided by the North American Free Trade Agreement which provides
for favorable conditions in international business relations.
Ten institutions of higher education are located in the Bexar County area including University of
Incarnate Word, St. Mary’s University at San Antonio, Trinity University, University of Texas at San
Antonio, Texas A & M University at San Antonio, and Alamo Community College District. Texas
A & M University will be constructing a university on the south area of town and in close proximity
to the District. The District hopes this will provide greater opportunities for its students and have a
positive impact on student growth.
The Reporting Entity
The District is an independent reporting entity clearly within the criteria established in Section 2100
of the Governmental Accounting Standards Board codification.
Internal and Budgetary Controls
The development and evaluation of the District’s accounting system considers the adequacy of the
internal control structure. The internal control structure is designed to provide reasonable, but not
absolute, assurance regarding: (1) the safeguarding of assets against loss from unauthorized use or
disposition, and (2) the reliability of financial records for preparing financial statements and
maintaining accountability for assets. The concept of reasonable assurance recognizes that (1) the
cost of controls should not exceed the benefits expected to be derived, and (2) the evaluation of costs
and benefits requires estimates and judgments by management.
We believe that the District’s accounting controls provide reasonable assurance that errors or
irregularities that could be material to the financial statements are prevented or would be detected
within a timely period by employees in the normal course of performing their assigned functions.
Budgetary controls are established by regulations of the Texas Education Agency and by District
policy for all administrators with line item responsibility. TEA regulations set the level of budgetary
control at the major functional expenditure level. Administrators have the responsibility to develop
and manage their own program budgets once approved. Revisions within the categories are accepted
upon request, but additions in amount or revisions between functions require recommendation of the
Assistant Superintendent for Business and Superintendent and approval by the School Board.
General Educational Functions
Principally, local taxes and state entitlement support general educational activities. Direct federal aid
is nominal in the General Fund; however, the Special Revenue Fund receives most of its funding
VII
from Federal grants, which are distributed through the Texas Education Agency. General
educational activities are accounted for in the General and Special Revenue Funds. State and federal
grants or entitlements primarily support the Special Revenue Fund. They include support for the
economically and academically disadvantaged, federal support for special and vocational education,
and a variety of other projects described in detail in the Combining Statements.
Relevant Financial Policies
The 2010-2011 School Year was the second year of the State’s budget for the Biennium. The
State met in a special session in 2006 and in a Regular session in 2007. The special session in
2006 was to address the existing funding formulas of the public school system. The Regular
session served to continue this funding set up for the next Biennium 2007-2009. At issue, was
the fact that the majority of school districts were at the $1.50 property tax cap, thus asserting the
constitutionality of an implicit state-wide property tax. The following are the results of the
special session under House Bill 1 (HB 1) and the continuation of legislation of the 80th
Legislature:




Reduction of the Maintenance and Operating (M&O) tax rate over two years. Prior to HB
1 the tax cap was at $1.50. Legislation required reducing the tax rate to $1.33 in 2006/07
and then to $1.00 in 2007/08.
Allow districts the ability to add 4¢ as an enrichment to the M&O tax rate with
equalization through State funds. (This may be done without an election.)
Allow districts the ability to add 13¢ (rollback rate) to the M&O tax rate with equalization
through State funds. (This requires a rollback election.)
Other State tax sources are used to compensate for the reduction in property taxes for the
districts
HB 1 must continue to address the required equalization among school districts based on their
tax effort. The enrichment rate of 4¢ will generate a pro-rata share of total revenues from local
of 13% and the State’s share of 87%. A rate higher than the 4¢ will generate a pro-rata share of
total revenues from local effort of 18% and the State’s share of 82%.
As described in the following long-term financial planning this provided the additional resources
for instruction and the District’s financial viability. This was the result of following the
District’s policy of implementing an overall plan so that the budget effectively reflects the
District’s programs and activities and provides the resources to implement them. Within these
programs and activities are the general educational goals, specific program goals, and
alternatives for achieving program goals. These goals were formulated through the District and
campus level planning and decision making committees who followed the District’s policy on
the Planning and Decision-Making Process.
Long Term financial Planning
In May, 2007 the 80th State Legislature approved legislation to continue the property tax relief it
granted under House Bill 1 during the special session held in July, 2006. The impact on the school
districts is to require the lowering of the districts’ tax rate which is to be replaced by the State
through other approved taxation methods to generate the revenue required to be replaced. The
equalization among school districts of access to resources must still be maintained by the State.
Therefore, there are basically two methods of receiving additional revenue for operations: 1)
increased enrollment and/or 2) increased tax effort.
Currently, the District experienced a growth in the average daily attendance of 2%. On November 4,
2008 the District held a tax rate referendum to approve the adoption of a tax rate above the rate that
does not require voter approval. The referendum passed by a 2 to 1 margin. The tax rate under the
VIII
referendum increased the District’s tax effort and thus additional revenue for operations.
The
increased tax rate to $1.17 was in effect for the 2008-2009, 2009-2010 and 2010-2011 fiscal years
and will be for every year thereafter based on current State’s method of funding school districts. The
additional revenues the District received was $1.5 million in M&O taxes and $6.7 million from the
State Revenues each year.
Due to the successful passage of the tax referendum the District implemented a three year financial
plan to improve on the fund balance and maintain financial viability. The three year plan provided a
1.5% increase for employees, reinstate the stipends eliminated two years ago, invest in instructional
programs and initiatives, and maintain an annual set aside for fixed costs such as utilities. The plan
also includes a re-investment back into the fund balance to insure financial stability. The result of
this tax effort of the community and the adherence to the three plan put in place has resulted in a
General Fund unassigned fund balance of $40.1 million from a fund balance of $3 million four years
ago.
The May, 2009 81st Legislature resulted in additional funding to school districts but through a
combination of state and federal stimulus dollars for the next biennium beginning 2009-2010. This
resulted in providing a salary and wage increase of 3.65% versus the planned 1.5% and $1.2 million
in additional revenues.
The 2011-2012 School Year will be the first year of the State’s budget for the biennium. As a result
of the 82nd legislative session the State reduced public education funding by $4 billion. The
District’s projected State reduction will be $5.4 million over biennium based on what it would have
earned on actual ADA (13,419) under the current law. However, based on the budgeted ADA of
13,350 the reduction of budgeted funds will be $2.9 million at the end of two years. Because the
District is considered a formula District it may appeal to the Commissioner to have the reduction
occur evenly over the next two years. The reduction is determined by an added factor in the State
formula called Regular Program Allotment Formula which will reduce what the District should earn
by 5%. The District is also facing cuts in other State and Federal Programs totaling $4.5 million or
$9 million at the end of two years.
The additions to the fund balance at the end of 2010-2011 fiscal year will help it address the
upcoming shortfalls. The additions to the fund balance are the result of savings from a previous
refunding of Qualified Zone Academy Bonds initially paid by the General Fund, the tax rate election
effort and current year savings. Additionally, the District will be transferring eligible cost in the
General Fund to the Education Jobs Funds federal grant for reimbursement. These resources with the
exception of the current year savings of $2,055,000 and the Educations Jobs Funds will be recurring
for the next two years. Other recurring items are the budget savings for such items as a realignment
of vacant positions, waived contributions for the Worker’s Compensation program and other
operational efficiencies. Recurring appropriations for the biennium will be to maintain our high
school completion initiative with current teachers, a retention stipend and the creation of a new
position of Social Studies Coordinator to assist with the upcoming State of Texas Assessment of
Academic Readiness.
Based on the fund balance from 2010-2011 and the recurring resources and initiatives of each year,
the District is to meet the projected State cuts in the second upcoming biennium 2013-2015.
Major Initiatives and Accomplishments
Harlandale ISD was recognized this year as the HEB Large District of the Year for the state of
Texas. The Education Resource Group (ERG), a nationally recognized organization that
comparatively rates the efficiency and productivity of school districts, rated Harlandale ISD as
first in San Antonio and fourth in Texas in terms of student outcomes in relation to available
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XIII
BOARD OF EDUCATION
(7 Members)
SUPERINTENDENT
Communications/Community
Relations Director
Principals
XIV
Assistant Superintendent
Business
Executive Director
Curriculum
Assistant Superintendent
Operations
Executive Director
Personnel
Chief Accountant
Secondary Curriculum Director
Athletic Director
Coordinators
Purchasing Manager
Elementary Curriculum Director
Assistant Director/MOST
Employee Benefits/Risk
Mgm. Admin.
Accounting Manager
Fiscal Services Administrator
Special Education Director
Federal Programs Coordinator
Transportation Director
Police
Energy Manager
Information Services Coordinator
Child Nutrition Coordinator
CATE Coordinator
Pupil Personnel
Counselor Coordinator
Custodial District
Foreman
Safety Office
Construction
Social Workers
Nurses/Health Services
Evening School
San Antonio, Texas
2011
LIST OF PRINCIPAL OFFICIALS
BOARD OF TRUSTEES
Mr. Esequiel Mendoza
President
Mr. David Abundis
Vice President
Mr. Velma Ybarra
Secretary
Mr. Jesse Jay Alaniz
Trustee
Mr. Anthony Alcoser
Trustee
Mr. Joshua Cerna
Trustee
Mr. Tomas Uresti
Trustee
ADMINISTRATORS
Mr. Robert Jaklich
Superintendent of
Schools
Mr. Ricardo J. Hernandez, CPA
Assistant Superintendent for
Business
Mr. Reynaldo Madrigal
Assistant Superintendent for
Operations
Ms. Kathy Bruck
Executive Director for
Curriculum & Instruction
Mr. Fred Garza
Executive Director for
Human Resources
XV
Financial
Section
MANAGEMENT’S DISCUSSION & ANALYSIS
(UNAUDITED)
Management of the Harlandale Independent School District (the District) offers readers of the
District’s financial statements this narrative overview and analysis of the financial activities of
the District for the fiscal year ended August 31, 2011. The intent of this section is to look at the
District’s financial performance as a whole. We encourage readers to consider the additional
information presented in the transmittal letter, presented in the introductory section, and the
notes to the financial statements in conjunction with this discussion and analysis to enhance their
understanding of the District’s financial performance.
FINANCIAL HIGHLIGHTS

Assets of the District exceeded liabilities by $111,829,495 (net assets). Of this amount,
$32,947,723 (unrestricted net assets) may be used to meet the District’s ongoing obligations.
Restricted net assets consist of $2,860,027 for Local, Federal and State Programs
($2,158,721 for Child Nutrition Program and $701,306 in State funds), $3,616,413 for debt
service, and $72,405,332 for capital assets.

Net assets increased by $16,857,830. The District continues to benefit from the passing of
tax referendum on November, 2008 which increased the Maintenance and Operation (M&O)
tax rate to $1.17 from $1.04 in the General fund. Because of this added tax effort the State
funding formula equalizes the resources of school districts based on property value and tax
effort.

The ending fund balance of the District’s General Fund was $43.77 million. An increase of
$15.63 million in comparison with the prior year. The increase is due to the additional
revenues from the tax rate increase, additional state revenue from increased average daily
student attendance and Medicaid reimbursement. The unassigned portion of $31.4 million
represents 31% of annual operating expenditures.
OVERVIEW OF THE BASIC FINANCIAL STATEMENTS
The Comprehensive Annual Financial Report consists of an Introductory Section, Financial
Section, Statistical Section and a Federal Awards Section. The Financial Section consists of four
parts – Management’s Discussion and Analysis (this section), the basic financial statements,
required supplementary information, and other supplementary information that presents
combining statements for non-major governmental funds. The statements are intended to be
organized so that the reader can understand the District as an entire operating entity.
The basic financial statements include two kinds of statements that present different views of the
District in addition to the notes that explain some of the information in the financial statements
and provide data that are more detailed:
1. The first two statements are government-wide financial statements – the Statement of Net
Assets and the Statement of Activities, provide both long-term and short-term
information about the District’s overall financial status.
2. The remaining statements are fund financial statements that focus on individual parts of
the government, reporting the District’s operations in more detail than the governmentwide statements. The governmental funds statements tell how general government
5
services were financed in the short term as well as what remains for future spending.
Proprietary fund statements offer short-and-long-term financial information about the
activities the government operates like businesses, such as worker compensation services.
Fiduciary fund statements provide information about the financial relationships in which
the District acts solely as an agent for the benefit of others, to whom the resources in
question belong.
The statements are followed by a section of required supplementary information that further
explains and supports the information in the financial statements. Figure A-1 shows how the
required parts of this annual report are arranged and related to one another.
Figure A-1
Required Components of the District’s Financial Report
Management’s
Discussion & Analysis
Basic Financial
Statements
Government-Wide
Financial Statements
Required Supplementary
Information
Fund Financial
Statements
Notes to the
Government-Wide Financial Statements (Reporting the District as a Whole)
These statements summarize the large number of funds used by the District to provide programs
and activities and view the entire District as a whole. The Statement of Net Assets includes all
assets and liabilities of the District using the accrual basis of accounting similar to the accounting
used by most private-sector companies. The Statement of Activities takes into account all of the
current year’s revenues and expenses regardless of when cash is received or paid. All inter-fund
transactions are eliminated.
These two statements report the District’s net assets and changes in those assets. Net assets, the
difference between the District’s assets and liabilities, are one way to measure the District’s
financial health or position. Over time, increases or decreases in the District’s net assets are an
indication of whether its financial health is improving or deteriorating, respectively. Change in
net assets is important because it tells the reader that, for the District as a whole, the financial
position of the District has improved or diminished. The causes of this change may be the result
of many factors, some financial, and some not. Non-financial factors include the District’s
property tax base, current Texas school finance laws, student decline, facility needs, and required
educational programs.
6
The District reports governmental activities in the Statement of Net Assets and the Statement of
Activities. Governmental activities are the activities where most of the District’s programs and
services are reported including, but not limited to, instruction, support services, administration,
maintenance, pupil transportation and extracurricular activities. The District does not have any
business type activities.
Fund Financial Statements (Reporting the School District’s Most Significant Funds)
Fund financial statements provide detailed information about the District’s major funds. The
District uses many funds to account for a multitude of financial transactions that have been
separated for specific activities or projects. However, these fund financial statements focus on
the District’s most significant funds. The District’s major governmental funds are the General
Fund, Debt Service Fund, and the Capital Projects Fund.
All the funds of the District can be described by three categories:

Governmental Funds – Most of the District’s activities are reported in governmental
funds, which focus on how money flows into and out of those funds and the balances left at
year-end available for spending in the future periods. These funds are reported using an
accounting method called modified accrual accounting, which measures cash and all other
financial assets that can readily be converted to cash. The governmental fund statements
provide a detailed short-term view of the District’s general operations and the basic
services it provides. Governmental fund information helps you determine whether there
are more or fewer financial resources that can be spent in the near future to finance
educational programs. The relationship (or differences) between governmental activities
(reported in the Statement of Net Assets and the Statement of Activities) and governmental
funds is reconciled in the financial statements.

Proprietary Funds – Proprietary funds, like the government-wide statements, provide
both long- and short-term financial information. We use an internal service fund to report
the activities that provide services for the District’s other programs and activities–such as
the District’s self-funded workers’ compensation program and the District’s print shop.

Fiduciary Funds – The District is the trustee for Student Activity Funds. The District’s
fiduciary activity is reported in a separate Statement of Fiduciary Net Assets. We exclude
these activities from the District’s other financial statements because the District cannot use
these assets to finance its operations.
(This space intentionally left blank)
7
FINANCIAL ANALYSIS OF THE DISTRICT AS A WHOLE (Government-wide)
Net Assets
The District’s net assets were approximately $110.3 million at August 31, 2011.
Current and Other Assets
Capital Assets
Total Assets
90.4
236.0
326.4
Increase
(Decrease)
$
8.7
9.1
17.8
8/31/2011
8/31/2010
$
$
99.1
245.1
344.2
Current and Other Liabilities
Long-Term Liabilities
Total Liabilities
34.9
197.5
232.4
27.2
204.3
231.5
7.7
(6.8)
0.9
Net Assets
Invested in Capital Assets, net of related debt
Restricted
Unrestricted
Total Net Assets
$
72.4
6.5
32.9
111.8
67.8
5.4
21.7
94.9
4.6
1.1
11.2
16.9
$
$

The investment in capital assets less related debt used to acquire those assets, includes
$19.9 million in unspent bond proceeds and interest earnings.

The $17 million of unrestricted net asset represents resources available to meet the
District’s ongoing obligations to citizens and creditors.
Changes in Net Assets
Figure A-2
The District’s total revenues were $164.2 million (See
Table A-2). A significant portion, 50.8%, of the
District’s revenue comes from state aid-formula
funding, 11.6% comes from property taxes, 35.1%
from operating grants and contributions, 1.9% from
charges for service, and .6% from investments, other
revenue and special item.
The total cost of all programs and services was
$147.3 million; 78.5% of these costs are for
instructional and student support services.
8
Sources of Revenue Property
Tax
12%
State Aid
51%
Other
1%
Charges for
Service
1%
Operating
Grants
35%
Table A-2
Change in Net Assets
(in millions of dollars)
Governmental
Activities
Year Ended
8/31/2011
8/31/2010
Revenues
Program Revenues
Charges for Services
Tuition and Fees
Student Extra-Curricular Activities
Operating Grants and Contributions
General Revenues
Property Taxes
State Aid - formula
Investment Earnings
Total Revenues
$
Expenses
Instruction
Instructional Resources & Media Services
Curriculum & Staff Development
Instructional Leadership
School Leadership
Guidance, Counseling & Evaluation Services
Social Work Services
Health Services
Student (pupil) Transportation
Food Services
Extra Curricular Activities
General Administration
Plant Maintenance and Operations
Security & Monitoring Services
Data Processing Services
Community Services
Debt Service - Interest and Issuance Cost & Fee
Total Expenses
Net Revenues Over Expenses
Special Items-Surety Proceeds - Construction
Increase/(Decrease) in Net Assets
Beginning Net Assets (Restated)
Ending Net Assets
$
9
0.25
2.86
57.66
$
0.25
2.10
52.40
Increase
(Decrease)
$
0.76
5.26
19.12
83.34
0.92
164.15
18.67
81.60
2.11
157.13
0.45
1.74
(1.19)
7.02
78.56
2.08
2.50
1.17
8.80
4.29
1.28
1.60
2.91
10.25
2.24
3.31
15.31
1.42
1.63
0.24
9.71
147.30
77.07
2.02
2.44
1.26
8.75
4.33
1.31
1.69
2.86
9.86
2.09
3.15
14.86
1.39
1.37
0.24
9.62
144.31
1.49
0.06
0.06
(0.09)
0.05
(0.04)
(0.03)
(0.09)
0.05
0.39
0.15
0.16
0.45
0.03
0.26
0.09
2.99
16.85
12.82
4.03
-
0.55
(0.55)
16.85
94.98
111.83
13.37
81.50
94.87
3.48
13.48
16.96
$
$
Governmental Activities

The total property tax collections continue to be at 98.54% of the property tax levy with
current year revenues at $18.8 million.

The District has completed all the construction projects from the previous bond issues of
1998, 2000 and 2001. The Bond 2006 final remaining project is the completion of
Harlandale Middle School. This project is expected to be completed by September, 2011.
In September, 2009 the District issued Qualified School Construction Bonds in the amount
of $11,990,000. These funds were utilized for the replacement of the Memorial Stadium
turf, the Stadium concessions and restrooms, renovations and/or replacement of the two
high schools tennis courts, band halls and field houses.
Table A-3 presents the cost of each of the District’s largest functions as well as each function’s
net cost (total cost less fees generated by the activities and intergovernmental aid). The net cost
reflects what state revenues as well as local tax dollars funded.
Table A-3
Net Cost of Selected District Functions
Cost of Services
8/31/2011
8/31/2010
Total
Net
Total
Net
Instruction
$ 79.10
$ 49.65
$ 77.07
$ 51.23
School Leadership
8.82
7.80
8.75
7.90
Guidance/Counseling
4.29
3.80
4.33
3.89
Student Transportation
2.91
2.58
2.86
2.58
Food Services
10.25
(0.47)
9.86
(0.47)
14.72
14.13
14.86
14.07
Debt Service
9.68
(1.26)
9.62
(1.30)

Instruction and instructional related activities comprises 53% of the District’s expenses.

The net cost of all governmental activities this year (the amount that the District’s paid for
from property taxes, state aid, and other revenues) was $86.53 million.

The cost paid through State aid in the form of formula grants was $83.34 million.

The cost paid by the programs that directly benefited from the grants for a specific purpose
was $57.66 million.

The cost paid in charges for services was $3.11 million, which was comprised mainly from
food sales and student campus activity.

Due to State funding approximately 70% of the District’s bonded debt the net positive cost
of $1.26 million of the amount is contributed to the principal portion of the District’s
annual payment.
10
FINANCIAL ANALYSIS OF THE DISTRICT’S FUNDS
Using the modified accrual basis of accounting, revenues from governmental funds totaled
$163.97 million and expenditures were $162.76 million. The District reported combined
governmental funds ending fund balances of $65 million, an increase of $1.3 million over the
prior year. Impacting this increase were various factors uniquely related to each of the District’s
governmental funds. The Capital Projects are nearing completion of the Bond 2006 program.
Completed were the major renovations of the six (6) secondary schools with one remaining
middle school renovation to be completed by September, 2011. Bond 2009 saw the completion
of the stadiums turf and track as well as the concessions and restrooms. This progress
represented the decrease in Capital Projects fund by $14.62 million this fiscal year. The General
Fund had an increase of $15.93 million. This was due to the continued tax effort of the District
that maximizes State funding by maintaining the maximum maintenance and operations tax rate
of $1.17 allowed by the State. In conjunction with the State funding, the District’s average daily
attendance of students increased by 266 students at a funding level of $6,500 per student to
generate an approximate $1.7 million in revenue. Additionally, the District continues its efforts
in obtaining School Health Related Services (Medicaid) reimbursement for serving eligible
participants and received $1.9 million above the budgeted amount for the revenues. The 20102011 fiscal year was the third year of the District’s three plan that followed a 1.5% increase in
payroll costs and a concentrated effort to increase the fund balance in order to provide long-term
financial stability. The Child Nutrition program is reflected as part of the general fund and
ended the year with an additional $716,249 to its fund balance. Although the program serves
100% free meals to all students the program employs all measures to obtain the highest
participation in order to maximize federal meal reimbursement. A significant aspect of the $65
million fund balance is the Other Assigned Fund Balance under the general fund for $9.5 million
which includes $8.7 million for future deficits in State funding. The Unassigned fund balance
for the General Fund is $31.4 million or a $7.6 million increase over last year’s unreserved.
The Debt Service realized a net decrease in the fund balance by $113,164. This was primarily
due to the new annual debt payment from the Debt Service fund for the Unlimited Tax
Refunding Bonds, Series 2009 that resulted in the defeasance of the General Fund debt.
The analysis of the capital project fund and debt service fund is presented in the following
Capital Assets and Long-Term Debt sections.
General Fund Budgetary Highlights
Over the course of the year, the District revised its budget several times.
amendments can be characterized into three categories:
The budget

Budget Category #1 reflects adjustments for carryover of appropriations because of
commitments made against the budget for goods and services not received or incomplete as of
August 31, 2011. In addition, adjustments to campus-based formula accounts were included to
adjust for use of the campuses “start-up” funds.

Budget Category #2 included an increase in estimated revenues and similar increase in
appropriations. No impact on fund balance resulted from this amendment.

Budget Category #3 included all adjustments authorized by the Board of Trustees throughout
the year. Additionally, accounts were also adjusted to reflect a fairly accurate fund balance at
the close of the school year.
11
In conjunction with these adjustments, actual expenditures were $9.16 million below final budget
amounts. The most significant positive variance resulted mainly from staffing, projected
accruals, and refunding of General Fund debt. Additionally, the District received and budgeted a
Science Labs Grant of $820,000 for infrastructure improvements that continued to be expended
in 2010-2011. Staffing is budgeted for full employment throughout the full year. Revenues
were $6.6 million above the final amended amount. This was primarily due to increase of
average daily student attendance and Medicaid reimbursements.
CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets
At the end of 2011, the District had
invested $245.14 million in a broad
range of capital assets, including
land, equipment, buildings, and
vehicles (see Table A-4).
This
amount represents a net increase
(including additions and deductions)
of
$9.11
million.
Detailed
information about the
District’s capital assets is presented
in the notes to the Financial
Statements under Note G.
Table A-4
District's Capital Assets
Land
Buildings and Improvements
Furniture and Equipment
Construction in Progress
Total at Historical Cost
Total Accumulated Depreciation
Net Capital Assets
8/31/2011
$ 1.58
297.81
8.27
1.04
308.70
8/31/2010
$ 1.58
255.25
7.42
28.91
293.16
(63.56)
$ 245.14
(57.12)
$ 236.04
The completed Bond 2006 program provided $52.8 million in construction funds. Completed
were pre-kindergarten classrooms, roof replacements at existing elementary schools, air
conditioning in the elementary and middle school gyms, and furtherance of the master plans at
the high schools, middle schools and alternative schools.
The Qualified School Construction Bond 2009 Program in the amount of $11,990,000 provided
funds to construct band halls, field houses, and tennis courts for both high schools and
renovations at the stadium complex. State funding through the Existing Debt Allotment program
will support 70% of the District’s annual payment.
Long-Term Debt
At year-end, the District had $204.34 million in long-term debt outstanding as shown in Table A5. More detailed information about the District’s debt is presented in the Notes to the Financial
Statements under Note J.
Table A-5
District's Long Term Debt
Bonds Payable
Arbitrage Payable
Compensated Absences
8/31/2011
$ 203.35
0.59
0.40
8/31/2010
$ 209.67
0.60
0.42
Total Long-Term Debt
$ 204.34
$ 210.69
12
The District continues to benefit from
refunding bonds to defease the maintenance
tax notes (Qualified Zone Academy Bonds)
of $16 million and other contractual
obligations. The result of this refunding
moved the debt out of the general fund and
into the debt service fund and qualify it for
state support under the Existing Debt
Allotment for 70% of the annual payment.
Long-term bonds are rated “AAA” by Moody’s Investors Service, Inc. (“Moody’s”), Standard
and Poor’s (“S&P), and Fitch Investors Service (“Fitch”) by virtue of the guarantee of the
Permanent School Fund of the State of Texas. The underlying long-term credit rating of the
District was upgraded to a A+ from a A- by Standard & Poor’s on June 17, 2011.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGET AND TAX RATES
The 2011-2012 School Year will be the first year of the State’s budget for the biennium. As a
result of the 82nd legislative session the State reduced public education funding by $4 billion.
The District’s projected State reduction will be $5.4 million over biennium based on what it
would have earned on actual ADA (13,419) under the current law. However, based on the
budgeted ADA of 13,350 the reduction of budgeted funds will be $2.9 million at the end of two
years. Because the District is considered a formula District it may appeal to the Commissioner
to have the reduction occur evenly over the next two years. The reduction is determined by an
added factor in the State formula called Regular Program Allotment Formula which will reduce
what the District should earn by 5%. The District is also facing cuts in other State and Federal
Programs totaling $4.5 million or $9 million at the end of two years.
DISTRICT 2011-2012 BUDGET
The additions to the fund balance at the end of 2010-2011 fiscal year will help it address the
upcoming shortfalls. The additions to the fund balance are the result of savings from a previous
refunding of Qualified Zone Academy Bonds initially paid by the General Fund, the tax rate
election effort and current year savings. Additionally, the District will be transferring eligible
cost in the General Fund to the Education Jobs Funds federal grant for reimbursement. These
resources with the exception of the current year savings of $2,055,000 and the Educations Jobs
Funds will be recurring for the next two years. Other recurring items are the budget savings for
such items as a realignment of vacant positions, waived contributions for the Worker’s
Compensation program and other operational efficiencies. Recurring appropriations for the
biennium will be to maintain our high school completion initiative with current teachers, a
retention stipend and the creation of a new position of Social Studies Coordinator to assist with
the upcoming State of Texas Assessment of Academic Readiness.
Based on the fund balance from 2010-2011 and the recurring resources and initiatives of each
year the District will have established financial stability to meet the projected State cuts in the
second upcoming biennium 2013-2015.
CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
The financial report is designed to provide our citizens, taxpayers, customers, investors and
creditors with a general overview of the District’s finances and to demonstrate the District’s
accountability for the funds it receives. If you have questions about this report or need additional
financial information, contact the District’s Assistant Superintendent for Business at Harlandale
ISD, 102 Genevieve, San Antonio, Texas 78214.
13
BASIC FINANCIAL STATEMENTS
15
STATEMENT OF NET ASSETS
AUGUST 31, 2011
Primary Government
Data
Control
Governmental
Activities
Codes
ASSETS
Cash and Cash Equivalents
Property Taxes Receivable (Delinquent)
Allowance for Uncollectible Taxes
Due from Other Governments
Accrued Interest
Due from Fiduciary Funds
Other Receivables, net
Inventories
Capitalized Bond and Other Debt Issuance Costs
Other Current Assets
Capital Assets:
1510
Land
1520
Buildings, Net
1530
Furniture and Equipment, Net
1580
1110
1220
1230
1240
1250
1267
1290
1300
1420
1490
1000
Total Assets
$
81,870,880
2,689,589
(210,051)
10,562,188
21,177
1,440
95,707
441,546
2,061,148
1,602,633
1,584,267
240,280,307
2,242,522
1,037,617
344,280,970
LIABILITIES
Accounts Payable
Interest Payable
Payroll Deductions & Withholdings
Accrued Wages Payable
Due to Other Governments
Accrued Expenses
Deferred Revenues
Noncurrent Liabilities
2501
Due Within One Year
2502
Due in More Than One Year
6,863,557
197,471,843
2000
232,451,476
2110
2140
2150
2160
2180
2200
2300
Total Liabilities
NET ASSETS
Invested in Capital Assets, Net of Related Debt
Restricted for Local, Federal and State Programs
Restricted for Debt Service
Unrestricted Net Assets
3200
3820
3850
3900
3000
Total Net Assets
The notes to the financial statements are an integral part of this statement.
17
4,621,508
460,102
2,209,249
6,021,652
12,786,484
532,680
1,484,401
72,405,332
2,860,027
3,616,413
32,947,723
$ 111,829,495
EXHIBIT A-1
EXHIBIT B-1
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED AUGUST 31, 2011
Net (Expense)
Revenue and
Changes in Net
Assets
Program Revenues
Data
1
Control
Codes
Expenses
3
4
6
Primary Gov.
Charges for
Services
Operating
Grants and
Contributions
Governmental
Activities
Primary Government:
11
12
13
21
23
31
32
33
34
35
36
41
51
52
53
61
72
73
GOVERNMENTAL ACTIVITIES:
Instruction
Instructional Resources and Media Services
Curriculum and Staff Development
School Leadership
Guidance, Counseling and Evaluation Services
Health Services
Student (Pupil) Transportation
Food Services
Extracurricular Activities
Security and Monitoring Services
Community Services
Debt Service - Interest on Long Term Debt
Debt Service - Bond Issuance Cost and Fees
[TP] TOTAL PRIMARY GOVERNMENT:
Data
Control
Codes
MT
DT
SF
IE
MI
TR
CN
$
$
79,101,096
2,081,881
2,502,208
1,174,918
8,823,230
4,292,030
1,284,659
1,600,081
2,912,487
10,253,653
2,273,323
3,310,000
14,717,817
1,421,057
1,633,260
238,034
9,548,702
129,703
$
915,047 $
123,375
162,329
712,985
293,681
845,238
61,688
-
28,535,341
320,512
1,385,041
1,392,525
900,389
493,382
965,825
1,107,185
173,432
10,014,836
52,474
473,252
523,712
127,546
46,399
206,147
9,856,437
1,083,037
147,298,139 $
3,114,343 $
57,657,472
$
(49,650,708)
(1,761,369)
(1,117,167)
217,607
(7,799,466)
(3,798,648)
(318,834)
(492,896)
(2,576,726)
474,168
(1,927,168)
(1,991,510)
(14,132,417)
(1,293,511)
(1,586,861)
(31,887)
307,735
953,334
(86,526,324)
General Revenues:
Taxes:
13,957,123
5,164,899
83,338,139
922,892
301
Property Taxes, Levied for General Purposes
Property Taxes, Levied for Debt Service
State Aid - Formula Grants
Investment Earnings
Miscellaneous Local and Intermediate Revenue
Total General Revenues
103,383,354
16,857,030
94,972,465
NB
Net Assets--Beginning
NE
Net Assets--Ending
19
$
111,829,495
(Cont'd)
BALANCE SHEET
GOVERNMENTAL FUNDS
AUGUST 31, 2011
10
General
Fund
Data
Control
Codes
50
Debt Service
60
Capital
Projects
Fund
1110
1220
1230
1240
1250
1260
1290
1300
1490
Property Taxes - Delinquent
Allowance for Uncollectible Taxes (Credit)
Receivables from Other Governments
Accrued Interest
Due from Other Funds
Other Receivables
Inventories
Other Current Assets
$ 51,108,630 $
2,095,597
(164,984)
4,440,357
4,348,887
75,747
441,546
1,295,285
8,420,328 $
593,992
(45,067)
441,910
307,348
19,934,716
21,177
-
1000
Total Assets
$ 63,641,065
$
9,718,511
$
19,955,893
2110
2150
2160
2170
2180
2200
2300
Liabilities:
Accounts Payable
Payroll Deductions and Withholdings Payable
Due to Other Funds
Accrued Expenditures
Deferred Revenues
1,672,164 $
2,209,249
4,677,924
494,464
7,410,713
141,680
3,269,490
5,344,418
856,273
$
2,035,574
586,322
-
2000
Total Liabilities
$
19,875,684
3590
3600
Nonspendable Fund Balance:
Inventories
Restricted Fund Balance:
Local, Federal or State Funds Grant Restriction
Capital Acquisition and Contractural Obligation
Retirement of Long-Term Debt
Committed Fund Balance:
Other Committed Fund Balance
Assigned Fund Balance:
Other Assigned Fund Balance
Undesignated/Unassigned Fund Balance
9,553,562
31,393,511
3000
Total Fund Balances
43,765,381
4000
Total Liabilities and Fund Balances
3410
3450
3470
3480
3545
6,200,691
-
342,477
14,015,904
-
-
-
20
-
3,517,820
2,475,831
-
$ 63,641,065
2,621,896
3,318,093
-
-
3,517,820
$
9,718,511
17,333,997
$
19,955,893
EXHIBIT C-1 (Cont'd)
Total
Governmental
Funds
Other
Funds
$
871,066 $
6,121,831
21,332
19,900
-
$
7,034,129 $ 100,349,598
$
911,176 $
1,342,954
4,316,223
31,353
48,227
4,618,914
2,209,249
6,020,878
4,810,687
13,372,806
141,680
4,173,990
6,649,933
35,348,204
384,196
-
342,477
2,860,027
14,015,904
3,517,820
-
3,318,093
-
9,553,562
31,393,511
384,196
$
80,334,740
2,689,589
(210,051)
10,562,188
21,177
4,812,129
95,647
441,546
1,602,633
65,001,394
7,034,129 $ 100,349,598
21
RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE
AUGUST 31, 2011
Total Fund Balances - Governmental Funds
$
1 The District uses an internal service fund to charge the costs for the activity of the self-
2 Capital assets used in governmental activities are not financial resources and therefore
28,027,277
are not reported in governmental funds. At the beginning of the year, the cost of these
assets was $293,159,877 and the accumulated depreciation was $57,120,354. In
addition, 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. The net effect
of including the beginning balances for capital assets (net of depreciation) and longterm debt in the governmental activities is to increase net assets.
3 Current year capital outlays and long-term debt principal payments are expenditures in
21,494,266
the fund financial statements,but they should be shown as increases in capital assets
and reductions in long-term debt in the government-wide financial statements.
Additionally, the reclassification of proceeds from bond sales as an increase in bonds
payable and recognizing the liabilities associated with maturing long-term debt and
interest. The net effect of including the 2011 capital outlays and debt principal
payments and related long-term debt is to increase net assets.
4 The 2011 depreciation expense increases accumulated depreciation. The net effect of
(6,524,863)
the current year's depreciation is to decrease net assets.
5 Various other reclassifications and eliminations are necessary to convert from the
2,689,589
modified accrual basis of accounting to accrual basis of accounting. These include
recognizing deferred revenue as revenue and eliminating interfund transactions, The
net effect of these reclassifications and recognitions is to increase net assets.
23
65,001,394
1,141,832
insured workers compensation program to appropriate functions in other funds. The
assets and liabilities of the internal service fund is included in governmental activities
in the statement of net assets. The net effect of this consolidation is to increase net
assets.
19 Net Assets of Governmental Activities
EXHIBIT C-2
$
111,829,495
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
GOVERNMENTAL FUNDS
10
General
Fund
Data
Control
Codes
50
Debt Service
Fund
60
Capital
Projects
REVENUES:
5700
5800
5900
Total Local and Intermediate Sources
State Program Revenues
Federal Program Revenues
$
$
118,755,686
Total Revenues
5020
17,126,333
88,944,443
12,684,910
5,085,403
10,939,474
-
$
16,024,877
758,133
758,133
EXPENDITURES:
Current:
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
Instruction
Curriculum and Instructional Staff Development
School Leadership
Health Services
Food Services
Facilities Maintenance and Operations
Community Services
49,775,932
1,727,144
1,182,868
921,700
7,857,631
3,863,447
328,383
1,447,686
2,659,506
9,806,889
2,143,629
3,195,157
14,106,923
1,331,674
2,081,861
29,239
-
-
Debt Service:
0071
0072
0073
Principal on Long Term Debt
Interest on Long Term Debt
Bond Issuance Cost and Fees
-
6,266,564
9,856,437
118,514
-
Capital Outlay:
0081
Facilities Acquisition and Construction
27,813
-
100,000
130,959
105,685
-
15,375,105
Intergovernmental:
0093
0095
0099
6030
Payments to Fiscal Agent/Member Districts of SSA
Payments to Juvenile Justice Alternative Ed. Prg.
Other Intergovernmental Charges
102,824,126
Total Expenditures
1100
Excess (Deficiency) of Revenues Over (Under)
Expenditures
7911
7916
8949
Capital Related Debt Issued (Regular Bonds)
Premium or Discount on Issuance of Bonds
Other (Uses)
-
16,241,515
15,931,560
15,375,105
(216,638)
(14,616,972)
OTHER FINANCING SOURCES (USES):
7080
1200
Total Other Financing Sources (Uses)
0100
Net Change in Fund Balances
Fund Balance - September 1 (Beginning)
3000
Fund Balance - August 31 (Ending)
-
2,945,000
183,048
(3,024,574)
-
-
103,474
-
15,931,560
(113,164)
27,833,821
$
24
43,765,381
(14,616,972)
3,630,984
$
3,517,820
31,950,969
$
17,333,997
EXHIBIT C-3
Total
Governmental
Funds
Other
Funds
$
227,581 $
2,578,907
25,620,297
23,197,450
102,462,824
38,305,207
28,426,785
163,965,481
24,566,340
234,391
1,282,863
247,388
485,583
243,172
896,415
41,532
41,576
206,147
74,342,272
1,961,535
2,465,731
1,169,088
8,343,214
4,106,619
1,224,798
1,489,218
2,659,506
9,806,889
2,143,629
3,195,157
14,106,923
1,373,250
2,081,861
235,386
-
$
6,266,564
9,856,437
118,514
19,900
15,422,818
58,330
-
158,330
130,959
105,685
28,323,637
162,764,383
103,148
1,201,098
-
2,945,000
183,048
(3,024,574)
-
103,474
103,148
1,304,572
281,048
63,696,822
384,196 $
65,001,394
25
EXHIBIT C-4
RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES TO THE STATEMENT OF ACTIVITIES
Total Net Change in Fund Balances - Governmental Funds
$
The District uses an internal service fund to charge the costs for the activity of the selfinsured workers compensation program to approto appropriate functions in other funds.
The net (loss) of the internal service fund is reported with governmental activities. The
net effect of this consolidation is to (decrease) net assets.
1,304,572
(218,934)
Current year capital outlays and long-term debt principal payments are expenditures in
the fund financial statements, but they should be shown as increases in capital assets and
reductions in long-term debt in the government-wide financial statements. Additionally,
the reclassification of proceeds from bond sales as an increase in bonds payable and
recognizing the liabilities associated with maturing long-term debt and interest. The net
effect of removing the 2011 capital outlays and debt principal payments and related
long-term debt is to increase net assets.
22,106,663
Depreciation is not recognized as an expense in governmental funds since it does not
require the use of current financial resources. The net effect of the current year's
depreciation is to decrease net assets.
(6,524,863)
Various other reclassifications and eliminations are necessary to convert from the
modified accrual basis of accounting to accrual basis of accounting. These include
recognizing deferred revenue as revenue, adjusting current year revenue to show the
revenue earned from the current year's tax levy and eliminating interfund transactions.
The net effect of these reclassifications and recognitions is to increase net assets.
Change in Net Assets of Governmental Activities
27
189,592
$
16,857,030
PROPRIETARY FUNDS
AUGUST 31, 2011
EXHIBIT D-1
Governmental
Activities -
Internal
Service Fund
ASSETS
Current Assets:
Other Receivables
Total Assets
LIABILITIES
Current Liabilities:
Accounts Payable
Accrued Expenses
Total Liabilities
NET ASSETS
Unrestricted Net Assets
Total Net Assets
28
$ 1,536,140
60
1,536,200
2,594
774
391,000
394,368
1,141,832
$ 1,141,832
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS
PROPRIETARY FUNDS
EXHIBIT D-2
Governmental
Activities -
Internal
Service Fund
OPERATING REVENUES:
Local and Intermediate Sources
$
Total Operating Revenues
456,582
6,846
463,428
OPERATING EXPENSES:
Payroll Costs
Professional and Contracted Services
Supplies and Materials
Other Operating Costs
119,857
51,470
11,875
499,255
Total Operating Expenses
682,457
Operating Income (Loss)
(219,029)
NONOPERATING REVENUES (EXPENSES):
Earnings from Temporary Deposits & Investments
95
Total Nonoperating Revenues (Expenses)
95
(218,934)
Total Net Assets - September 1 (Beginning)
1,360,766
Total Net Assets - August 31 (Ending)
$
29
1,141,832
EXHIBIT D-3
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
Governmental
Activities -
Internal
Service Fund
Cash Flows from Operating Activities:
Cash Received from User Charges
Cash Payments to Employees for Services
Cash Payments for Suppliers
Net Cash Provided by Operating
Activities
$
240,414
Cash Flows from Investing Activities:
Interest Received
95
240,509
1,295,631
Net Increase in Cash and Cash Equivalents
Cash and Cash Equivalents at Beginning of the Year:
Cash and Cash Equivalents at the End of the Year:
Reconciliation of Operating Income (Loss) to Net Cash
Provided by Operating Activities:
Operating Income (Loss):
Effect of Increases and Decreases in Current
Assets and Liabilities:
Decrease in Due From Other Funds
(Decrease) in Accounts Payable
Increase in Accrued Wages Payable
Increase in Accrued Expenses
Net Cash Provided by Operating
Activities
30
463,428
(119,520)
(103,494)
$
$
1,536,140
(219,029)
392,191
(85)
337
67,000
$
240,414
EXHIBIT E-1
STATEMENT OF FIDUCIARY NET ASSETS
FIDUCIARY FUNDS
AUGUST 31, 2011
Agency
Funds
ASSETS
$
347,324
Total Assets
$
347,324
LIABILITIES
Due to Other Funds
Due to Student Groups
$
1,440
345,884
Total Liabilities
$
31
347,324
NOTES TO FINANCIAL STATEMENTS
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
1. Reporting Entity
The Harlandale Independent School District (District) a public educational agency was chartered
by the State of Texas in 1924. The District encompasses 13.7 square miles and serves over
14,000 students. There are 13 elementary schools, 4 middle schools, 2 high schools, 2 alternative
centers, and 1 center for individuals with disabilities.
The Board of School Trustees (Board), a seven-member group, has governance responsibilities
over all activities related to public elementary and secondary education within the jurisdiction of
the Harlandale Independent School District, San Antonio, Texas. Because members of the Board
of Trustees are elected by the public, have the authority to make decisions, appoint
administrators and managers, significantly influence operations, and have the primary
accountability for fiscal matters, the District is not included in any other governmental "reporting
entity" as defined by Governmental Accounting Standards Board (GASB), Statement No.14,
"The Financial Reporting Entity."
The District’s proprietary funds apply all GASB pronouncements as well as the Financial
Accounting Standards Board (FASB) pronouncements issued on or before November 30, 1989,
unless the pronouncements conflict with, or contradict GASB pronouncements.
The District prepares its basic financial statements in conformity with generally accepted
accounting principles (GAAP) promulgated by the Governmental Accounting Standards Board
(GASB) and other authoritative sources identified in Statement on Auditing Standards No. 69 of
the American Institute of Certified Public Accountants, and it complies with the requirements of
the appropriate version of Texas Education Agency’s Financial Accountability System Resource
Guide (FASRG) and the requirements of contracts and grants of agencies from which it receives
funds.
During fiscal year 1997, the District approved the formation of the Harlandale Independent
School District Public Facilities Corporation (“the Corporation”). The District has reflected this
Corporation as a blended component unit since the relationship between the Corporation and the
District meet the criteria as set forth in GASB Statement No. 14 as follows:

The Corporation is organized exclusively for the purpose of benefiting and
accomplishing public purposes of, and to act on behalf of, the District.

The Corporation is organized to assist in the financing, accounting, refinancing, or
providing “public facilities”, to purchase obligations of the District, and to incur
obligations issued or incurred in accordance with existing law.

The Corporation’s governing body is the same as the governing body of the District.
33
NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
There are no year end balances to report for the Corporation.
2. Government-wide and Fund Financial Statements
The government-wide financial statements (i.e. statement of net assets and the statement of
activities) display information about the District’s non-fiduciary activities of the primary
government and its component unit. All interfund transactions between governmental funds and
between governmental funds and internal service funds are eliminated in the government-wide
statements. There are no other interfund services provided and used in the District. Eliminations
have been made to minimize the double counting of internal activities. Governmental activities
generally are financed through taxes, intergovernmental revenues, and other non-exchange
transactions.
The statement of activities presents a comparison between direct expenses and program revenues
for each function of the District's governmental activities. Direct expenses are those that are
specifically associated with a program or function and, therefore, are clearly identifiable to a
particular function. Program revenues include charges for services and operating grants and
contributions. Charges for services consist of charges to customers or applicants that purchase,
use, or directly benefit from goods or services provided by a given function or segment of the
District. Operating grants and contributions include amounts paid by organizations outside the
District that are restricted to meeting the operational requirements of a particular program.
Property taxes, State aid -formula grants, and other items not included in program revenues are
presented as general revenues. Separate financial statements are provided for governmental
funds, proprietary funds, and fiduciary funds, even though fiduciary funds are excluded from the
government-wide financial statements. Major individual governmental funds are reported as
separate columns in the fund financial statements. Proprietary funds distinguish operating
revenues and expenses from nonoperating items. Operating revenues and expenses result from
providing services in connection with the internal service funds of the self-insurance program
and the print shop. Operating expenses for internal service fund include the administrative
expenses. All other revenues and expenses are nonoperating.
School districts are required to report all expenses by function, except certain indirect expenses.
General administration and data processing service functions (data control codes 41 and 53,
respectively) include expenses that are indirect expenses of other functions. These indirect
expenses are not allocated to other functions.
3. Measurement Focus Basis of Accounting And Financial Statement Presentation
The government-wide and the proprietary fund financial statements are reported using the
economic resources measurement focus and the accrual basis of accounting. The Agency Funds
utilize the accrual basis of accounting but do not have measurement focus as they report only
assets and liabilities. Revenues are recorded when earned and expenses are recorded at the time
34
liabilities are incurred, regardless of when the related cash flows take place. Non-exchange
transactions, in which the District gives (or receives) value without directly receiving (or giving)
equal value in exchange, include property taxes, grants, entitlements, and donations. On an
accrual basis, revenue from property taxes is recognized in the fiscal year for which the taxes are
levied. Revenue from grants, entitlements, and donations is recognized in the fiscal year in which
all eligibility requirements imposed by the provider have been met. The fiduciary fund financial
statement is accounted for using the accrual basis of accounting and includes an Agency Fund,
which principally consists of funds set aside for monies that are collected through fund raising
efforts of the individual schools or school-sponsored groups (student activity funds).
Governmental fund financial statements are reported using the current financial resources
measurement focus and the modified accrual basis of accounting. Under this method, revenues
are recognized when they are both measurable and available. For this purpose, the District
considers all revenues to be available if the revenues are collected within sixty days after yearend. Expenditures generally are recorded when the related fund liability is incurred, if
measurable, except for debt service expenditures, claims and judgments, and compensated
absences, which are recognized as expenditures only when payment is due. Property tax revenue
and revenues received from the State are recognized under the susceptible to accrual concept.
Miscellaneous revenues are recorded as revenues when received in cash because they are
generally not measurable until actually received. Investment earnings are recorded as earned,
since they are both measurable and available. General capital asset acquisitions are reported as
expenditures in governmental funds.
Property taxes and interest associated with the current fiscal period are considered to be
susceptible to accrual and so have been recognized as revenues of the current fiscal period. All
other revenue items are considered to be measurable and available only when cash is received by
the government.
Grants funds are considered to be earned to the extent of expenditures made under the provisions
of the grant. Accordingly, when such funds are received, they are recorded as deferred revenues
until related and authorized expenditures have been made. If balances have not been expended
by the end of the project period, grantors sometime require the District to refund all or part of the
unused amount.
The Proprietary Fund is accounted for using the economic resources measurement focus and
utilize the accrual basis of accounting. This basis of accounting recognizes revenues in the
accounting period in which they are earned and become measurable and expenses in the
accounting period in which they are incurred and become measurable. With this measurement
focus, all assets and all liabilities associated with the operation of these funds are included on the
Statement of Net Assets. The fund equity is segregated into invested in capital assets net of
related debt, restricted net assets, and unrestricted net assets.
35
The District reports the following major governmental funds:

General Fund -The District accounts for financial resources used for the fundamental
operations of the District. All revenues and expenditures not required to be accounted for
in other funds are included here. It is a budgeted fund, and any fund balances are
considered resources available for current operations. General Fund primary revenue
sources include local property taxes and state funding.

The District’s Child Nutrition Program is considered a part of the General Fund since it
meets the following criteria: (1) No user fees are charged; i.e., students are not charged
for meals and (2) participation in the National School Lunch Program is not a factor. The
General Fund subsidizes the Child Nutrition Program for all amounts required in excess
of the reimbursements.

Debt Service Fund -The Debt Service Fund accounts for the accumulation of resources
for, and the payment of, bonded debt principal and interest. The primary revenue source
is local property taxes levied specifically for debt service and state funding. The fund
balance of this fund represents amounts that will be used for retirement of bonds and
payment of interest in the future. The Debt Service Fund is a budgeted fund.

Capital Projects Fund -The Capital Projects Fund was established to account for the
proceeds from the sale of bonds including earnings on investments of the fund. Proceeds
are used for acquiring school sites, constructing and equipping new school facilities, and
renovating existing facilities. These budgeted funds are on a project basis.
Additionally, the District reports the following fund types:
 The Special Revenue Funds -These funds are used to account for the majority of federal
and state funded grants. These grants are awarded to the District with the purpose of
accomplishing specific educational tasks. Generally, unused balances are returned to the
grantor at the close of specified project periods.

The Internal Service Fund -This fund is used to account for the financing of services
provided by one fund to other funds of the District, on a cost -reimbursement basis. This
activity includes the self-insurance program of the District. This is not a budgeted fund.

Agency Fund -This fund is used to account for assets held by the District as agent for
individuals. The funds set aside are for school-sponsored groups (student activity funds).
Generally, the effect of interfund activity has been eliminated from the government-wide
financial statements. Under the terms of grant agreements, the District funds certain programs
by a combination of specific cost-reimbursement grants, categorical block grants, and general
revenues. Thus, when program expenses are incurred, there are both restricted and unrestricted
net assets available to finance the program. It is the District's policy to use restricted resources
first, then unrestricted as they are needed.
36
4. Budgets
The official budget was prepared for adoption for the General Fund, Debt Service Fund and the
Child Nutrition Program as a subfund of the General Fund. The following procedures are
followed in establishing the budgetary data reflected in the basic financial statements:
1) Prior to August 20 of the preceding fiscal year, the District prepares a budget for the next
succeeding fiscal year beginning September 1. The operating budget includes proposed
expenditures and the means of financing them.
2) A meeting of the Board is then called for the purpose of adopting the proposed budget
after ten days public notice of the meeting has been given.
3) Prior to September 1, the budget is legally enacted through passage of a resolution by the
Board.
The legal level of budgetary control is at the major functional expenditure level by fund type. As
required by TEA, annual budgets are adopted for the General Fund, Child Nutrition Program,
and Debt Service Fund on a basis consistent with generally accepted accounting principles. A
Child Nutrition program budget is adopted separately. All budget appropriations lapse at year
end.
Once a budget is approved, it may be amended by management without Board approval within a
major functional expenditure category and can be amended at the function and fund level only by
approval of a majority of the members of the Board. Amendments at the function and fund level
are presented to the Board at its regular meetings. Such amendments are made before the fact,
are reflected in the official minutes of the Board and are made before the fiscal year end as
required by law.
The budget amounts included in this report reflect various amendments made by management or
adopted by the Board throughout the year through the final amended budget, which was
approved by the Board on August 31, 2011.
5. Inventories
Inventories of supplies on the balance sheet are stated at cost, determined on the weighted
average method, while inventories of food commodities are recorded at market values supplied
by the Texas Department of Human Services. Inventories are maintained on a perpetual
inventory system and adjusted at year end to physical count balances, if necessary. Inventory in
governmental funds consist of expendable goods held for consumption. Reported inventories in
these funds are equally offset by a fund balance reserve, or deferred revenue in the case of
U.S.D.A. donated commodities, which indicates they do not constitute "available spendable
resources" and therefore are unavailable for appropriation. Expenditures are recorded when
individual inventory items are requisitioned or consumed.
37
6. Long-Term Debt
Long-term debts are reported as liabilities in the applicable government activities. Bond
premiums and discounts, as well as issuance costs, are deferred and amortized over the life of the
bonds using the effective interest method.
In the fund financial statements, governmental fund types recognized bond premiums and
discounts, as well as bond issuance costs during the period. The face amount of debt issued is
reported as other financing sources. Premium received on debt issuances are reported as other
financing sources while discounts on debt issuances are reported as other financing uses.
Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as
debt service expenditures.
7. Capital Assets
Capital assets, which include land, buildings and improvements, furniture and equipment, and
construction in progress are reported in the government-wide financial statements. Capital assets
are defined by the District as assets with an initial, individual cost of more than $5,000 and an
estimated useful life of more than one year. Such assets are recorded at historical cost or
estimated historical cost. Donated capital assets are recorded at their estimated fair value at the
date of donation. The cost of normal maintenance and repairs that do not add to the value of the
asset or materially extend assets' lives are not capitalized.
Capital assets are depreciated using the straight-line method over the following estimated useful
lives:
Asset Class
Automotive Equipment
Estimated Useful Lives
40 years
5 - 10 years
10 years
8. Fund Balance
During the year the District implemented GASB Statement No. 54, “Fund Balance Reporting
and Governmental Fund Type Definitions.” In applying this statement, the initial distinction that
is made in reporting fund balance information is identifying amounts that are considered
nonspendable; such as, fund balance associated with inventories, and then identifying other
amounts to be classified as restricted, committed, assigned, and unassigned based on the relative
strength of the constraints that control how specific amounts can be spent.
38
The District uses the following criteria when classifying fund balance amounts:
Nonspendable – amounts not available for appropriation or legally earmarked for a specific use.
Examples include inventories, prepaid items, and deferred expenditures.
Restricted – amounts that have been legally separated for a specific purpose; such as, grants,
capital acquisition from bond proceeds and long term debt.
Committed – amounts that require Board action to be used for a specific purpose; such as,
construction improvements not funded by bond proceeds. Formal action to commit funds must
occur prior to fiscal year end and can only be modified or removed by the same formal action.
Assigned – amounts that do not require Board approval but are intended to be used for a specific
purpose, as determined by an official or body to which the Board has delegated authority; such
as, the Superintendent. These amounts do not meet the criteria to be classified as restricted or
committed.
Unassigned – residual amount in the general fund that is available to finance operating
expenditures. In other funds, this classification is used only to report a deficit balance resulting
from overspending for specific purposes for which amounts had been restricted, committed, or
assigned.
9. Spending Order
Fund balance amounts that are restricted, committed, or assigned are considered to have been
spent when an expenditure is incurred for the respective purpose. If an expenditure is incurred
that meets the criteria in more than one fund balance category, the District considers that fund
balance is relieved in the following order: restricted, committed, assigned, and then unassigned.
10. Net Assets
In the government-wide financial statements, net assets represent the difference between assets
and liabilities. Net assets invested in capital assets, net of related debt consists of capital assets,
net of accumulated depreciation, reduced by outstanding debt related to the acquisition of those
capital assets. Net assets are reported as restricted when there are limitations imposed in their use
by external creditors or grantors. Any remaining net assets are considered unrestricted.
11. Accumulated Unpaid Vacation and Sick Pay
Accumulated vacation leave and sick leave considered to have matured and that is expected to be
liquidated with expendable available resources is reported as an expenditure and a liability in the
General Fund, however, as of August 31, 2011 no liability exists and thus no such provision has
been recorded. All vacation pay is accrued when incurred in the government-wide financial
statements, and is reported in “annual wages payable.”
39
12. Cash and Cash Equivalents
For purposes of the statement of cash flows, cash and cash equivalents consist of cash in banks,
investment pool deposits, and securities with maturities of less than three months from the date
purchased.
13. Accounting System
In accordance with Texas Education Code, Chapter 44, subchapter A, the District has adopted
and installed an accounting system which meets at least the minimum requirements prescribed
by the State Board of Education and approved by the State Auditor. Data Control codes refer to
the account code structure prescribed by the TEA in the Resource Guide.
14. Accrual of Foundation School Program Revenues
The State of Texas provides funding to Districts based on instructional days, average daily
attendance by fiscal year, and other factors. The academic year for the district typically begins
several weeks before the beginning of the fiscal year (September 1). During this period
expenditures are incurred that relate directly to revenues received in the subsequent fiscal year.
In the current year, the District accrued State funded revenues to match the August days of
instruction expenditures.
15. Deferred Revenue
Deferred revenue accounted for on the balance sheet of the governmental fund relates to
uncollected property taxes less the amount for doubtful accounts and the remainder relates to
excess program funds received over that which has been earned.
16. Investments
The District’s investments are generally reported at fair value.
17. Estimates
The preparation of financial statements in conformity with generally accepted accounting
principles requires the District's management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the
financial statements and the reported amounts of revenue and expenses/expenditures during the
reported period. Actual results could differ from those estimates.
40
NOTE B – RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL
STATEMENTS
1. Explanation of certain differences between the governmental funds balance sheet and the
government-wide statement of net assets
Exhibit C-2 provides the reconciliation between the fund balance for total governmental funds on
the Governmental Fund Balance Sheet and the net assets for governmental activities as reported
in the government-wide Statement of Net Assets. One element of that reconciliation explains
that capital assets are not financial resources and are therefore not reported in governmental
funds. In addition, long-term liabilities, including bonds payable, are not due and payable in the
current period and are not reported as liabilities in the funds. The details of capital assets and
long-term debt (excluding internal service fund activity) at the beginning of the year were as
follows:
Capital Assets at the
Beginning of the Year
Land
Capital Assets Total
Historic Cost
Accumulated
Depreciation
Net Value at
the Beginning
of the Year
$
$
$
1,584,267
255,244,995
7,422,933
28,907,682
$ 293,159,877
51,521,746
5,598,608
-
$ 57,120,354
Change in Net
Assets
1,584,267
203,723,249
1,824,325
28,907,682
$ 236,039,523
Capitalized Bond Premium and Issuance Cost
$ 236,039,523
$
Accrued Liabilities at the
Beginning of the Year
Payable at the
Beginning of
the Year
Bonds and Other Debt Payable
$ 210,070,116
418,700
$ 210,488,816
2,476,570
$(210,488,816)
$ 28,027,277
41
NOTE B – RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL
STATEMENTS (Continued)
2. Explanation of Certain Differences Between the Governmental Funds Statement of Revenues,
Expenditures, and Changes in Fund Balances and the Government-Wide Statement of
Activities
Exhibit C-4 provides a reconciliation between the net changes in fund balance as shown on the
Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances and
the changes in net assets of governmental activities as reported on the government-wide
Statement of Activities. One element of that reconciliation explains that current year capital
outlays and debt principal payments are expenditures in the fund financial statements but should
be shown as increases in capital assets and decreases in long-term debt in the government-wide
statements. This adjustment affects both the net asset balance and the change in net assets. The
details of this adjustment, excluding internal service fund activity, are as follows:
Changes in Capital Assets
Amount
Adjustments
to Changes in
Net Assets
Adjustments
to Net
Assets
$
Land
$
930,545
14,699,509
$
Total Capital Outlay
$ 15,630,054
$
42,605,736
(42,605,736)
-
42,605,736
930,545
(27,906,227)
$ 15,630,054
Debt Payments
Bonds Principal
Other Debt Principal
Accretion on Capital Appreciation Bonds
Change in Bond Interest Payable
Net Change Due to Bond Issuance / Refunding
Premiums on bonds Issuance
Loss on Refunding
Bond Issuance Costs
Amortize Premiums on Bond Issuance
Amortize Bond Issuance Costs
Amortize Accounting Loss
$
6,266,564
16,973
(120,070)
152,294
5,000
(183,048)
74,574
101,128
693,080
(142,932)
(386,954)
Total Adjustment to Net Assets
42
6,476,609
$ 22,106,663
NOTE C – DEPOSITS AND INVESTMENTS
The cash and cash equivalents of $81,070,880 are reported in the accompanying GovernmentWide financial statements are comprised of the following:
Cash and Cash
Equivalents
Deposits:
Cash on Hand
Demand Accounts
$
Investments:
Investment Pools
Money Market Accounts
9,074,793
47,680,659
8,979,873
JP Morgan Chase - Repurchase Agreement
Total
21,081
16,114,474
$
81,870,880
1. Deposits
The District’s funds are required to be deposited and invested under the terms of a depository
contract. Under Texas State law, a bank serving as the school depository must have a bond or in
lieu thereof, deposited or pledged securities with the District or independent third party agent, an
amount equal to the highest daily balance of all deposits the District may have during the term of
the depository contract, less an applicable federal depository insurance (FDIC).
At August 31, 2011, the carrying amount of the District’s deposits was $16,114,474 and the bank
balance was $16,931,990. The District’s deposits at August 31, 2011 were fully insured by
FDIC insurance and/or collateralized with securities pledged to the District in the District’s
name. However, the District’s deposits were not adequately collateralized for two days during
the year.
43
NOTE C – DEPOSITS AND INVESTMENTS (Continued)
In addition, the following is disclosed regarding coverage of combined balances on the date of
the highest deposit:
a. Name of contracted depository bank:
b. The market value of securities and depository bond
pledged as of the date of the highest combined
balance on deposit was:
c. The highest combined balance of cash, savings and
time deposit accounts amounted to:
This occurred on June 14, 2011.
d. Total amount of FDIC coverage at the time of the
highest combined balance was:
Wells Fargo, Texas
$ 26,792,219
$ 29,410,105
$ 372,208
2. Investments
The District is required by the Public Funds Investment Act, Chapter 2256, Texas Government
Code (PFIA) to adopt and implement an investment policy. That policy must address the
following areas:
safety of principal and liquidity, portfolio diversification, allowable
investments, acceptable risk levels, expected rates of return, maximum allowable stated maturity
of portfolio investments, maximum average dollar-weighted maturity allowed based on the stated
maturity date for the portfolio, investments staff quality and capabilities and bid solicitation
preferences for certificates of deposit. State statutes and Board policy authorize the District to
invest in the following investment types meeting criteria and eligibility requirements established
by Texas Government Code 2256:
1)
2)
3)
4)
5)
6)
7)
8)
9)
Obligations of, or guaranteed by, governmental entities,
Certificates of deposit and share certificates,
Fully collateralized repurchase agreements,
A securities lending program,
Banker’s acceptances,
Commercial paper,
No-load money market mutual funds and no-load mutual funds,
Guaranteed investment contracts as an investment vehicle for bond proceeds,
Public funds investment pools.
The PFIA also requires the District to have independent auditors perform procedures related to
investment practices as provided by the PFIA. The District is in substantial compliance with the
requirements of the PFIA and with local policies.
44
As of August 31, 2011, the District had the following investments:
Investment
TexStar
Lone Star Investment Pool
Texas Class Investment
Money Market Mutual Funds
Federated Prime Cash Obligations
Federated Tax Free Obligations
Federated Municipal Obligations
Wells Fargo Heritage
Fidelity Institutional Money Market
JP Morgan Chase - Repurchase Agreement
Total
Specific Maturity
Standard &
Poors Rating
829,527
6,260,845
1,984,421
48
89
40
AAAm
AAAm
AAAm
1,522,815
791,055
2,609,520
8,197,710
34,559,559
36
44
31
13
42
AAAm
AAAmmf
Ammf
AAAm
Not Rated
8,979,873
N/A
N/A
Fair Value
$
$65,735,325
The investment pools used by the District are organized under the authority of the Interlocal
Cooperation Act, Chapter 791, Texas Government Code, and the Public Funds Investment Act,
Chapter 2256, Texas Government Code. The public fund investment pools were created to
provide a safe environment for the placement of local government funds in authorized short-term
investments. The District’s investments in investment pools, which are exempt from regulation
by the Securities and Exchange Commission, have as one of their objectives the maintenance of
a stable asset value of $1. The book value of the position in the pools is the same as the number
of shares in each pool; the market value of a share should approximately equal the book value of
a share. Additionally funds are held in money market funds at Wells Fargo Bank.
Texas Short Term Asset Reserve Fund (TexSTAR) operates in a manner consistent with the
SEC’s Rule 2a7 of the Investment Company Act of 1940. TexSTAR is governed by a board of
directors. TexSTAR is administered by First Southwest Asset Management, Inc and JP Morgan
Chase. TexSTAR uses amortized cost rather than fair value to report net assets to compute share
prices.
45
Texas Cooperative Liquid Assets Securities System (Texas CLASS) operates in a manner
consistent with the SEC’s Rule 2a7 of the Investment Company Act of 1940. Texas CLASS is
governed by a board of trustees made up of all trustees elected by the participants. The board of
trustees supervises the pool and acts as liaison between the participants, the custodian, and the
program administrator. Texas CLASS uses amortize cost rather than fair value to report net
assets to compute share prices.
The District has investments in the Prime Cash Obligations Fund (PCOXX), Tax-Free
Obligations Fund (TBIXX), and the Municipals Obligations Fund (MOFXX) which are managed
by Federated Investors. The District also has investments in the Wells Fargo Heritage Fund and
the Fidelity Institutional Money Market funds. The Funds are money market mutual funds,
regulated primarily under SEC’s Rule 2a7 of the Investment Company Act of 1940 (the “ACT”).
The Funds attempt to stabilize the net asset value (“NAV”) of their shares at $1.00 by valuing the
portfolio securities using the amortized cost method; however, there is no guarantee that the
NAV will remain at $1.00 a share.
Repurchase Agreement: The District entered into a Master Repurchase Agreement with JP
Morgan Chase Bank, N.A. on October 4, 2006. The fair market value (FMV) of the investment
including accrued interest is $9,001,050 at August 31, 2011. The guaranteed interest rate for this
investment is 4.89 percent. The agreement allows the District to purchase securities or other
allowable investments with JP Morgan Chase acting as the broker, with a simultaneous
agreement for the District to transfer to JP Morgan Chase Bank the securities or other
investments at a date certain or on demand, against the transfer of funds by JP Morgan Chase
Bank. Wells Fargo Bank, N.A. has been appointed the custodian of the securities or other
investments purchased by the District. The agreement allows investments in obligations of the
United States of America or its agencies and instrumentalities, including certain mortgage passthrough securities. The investment with JP Morgan Chase was fully collateralized with
securities having a FMV of $97,247,833.
46
Credit Risk: In accordance with state law and the District’s investment policy, investments in
mutual funds and investment pools must be rated at least AAA or AAA-m or have an equivalent
rating by at least one nationally recognized rating service. Obligations of U.S. agencies may not
be rated less than A or its equivalent.
Concentration of Credit Risk: The District places no limit on the amount the District may invest
in any one issuer; rather investments are governed by the objectives of preservation and safety of
principal, liquidity and yield. In addition, the investment portfolio is diversified in terms of
investment instruments, maturity scheduling, and financial institutions to reduce risk of loss
resulting from over-concentration of assets in a specific class of investments, specific maturity,
or specific issue. More than 5% of the District’s investments are in repurchase agreements
(14%).
Interest Rate Risk: State law does not permit investments with maturities greater than (5) years.
As a means of limiting its exposure to fair value losses arising from rising interest rates, the
District’s investment policy limits the stated maturity of investments to one (1) year from the
time of purchase.
Cash and investments on deposit in the Debt Service Fund are pledged to the payment of the
bonds and notes payable.
NOTE D – PROPERTY TAXES
Property taxes are levied by October 1, on the basis of assessed value as of January 1, in
conformity with Subtitle E, Texas Property Tax Code. Taxes are due on receipt of the tax bill
and are delinquent if not paid before February 1 of the year following the year in which imposed.
On January 1 of each year, a tax lien attaches to property to secure the payment of all taxes,
penalties, and interest ultimately imposed. Property tax revenues are considered available when
they become due and receivable within the current period, and those expected to be collected
during a 60 day period after the close of the school fiscal year.
Delinquent taxes are prorated between maintenance and debt service based on rates adopted for
the year of levy. Allowances for uncollectible tax receivables within the general and debt service
funds are based on historical experience in collecting property taxes. Uncollectible personal
property taxes are periodically reviewed and written off, but the District is prohibited from
writing off real property taxes without specific statutory authority from the Texas Legislature.
47
NOTE E - DUE TO/FROM OTHER FUNDS AND TRANSFERS
Due to/from other funds at August 31, 2011 are expected to be collected within the next year and
are as follows:
Fund
General Fund
Debt Service Fund
Non-Major Special Revenue Funds
ESEA Title III - Homeless
ESEA Title I, Part A Improving Basic Program
ESEA Title I, Part C Migrant
IDEA-Part B Formula
Career and Technical Basic Grant
Title III A, English Language Acquisition
Education Jobs Fund
Community Oriented Policing Services
Visually Impaired SSVI
Life Skills Program
Optional Extended Year Program
Student Success
Texas School Ready Project
LEP Success Initiative
Student Club / Texas Fitness Grants
Methodist Healthcare Ministries
Total Non-Major Special Revenue Funds
Agency Fund
Totals
Due From
$ 4,348,885
Due To
$ 494,464
441,910
-
21,332
21,332
29,143
1,105,925
1,114
617,105
20,946
7,816
2,492,953
5,989
7
321
4,592
7,636
1,872
904
19,900
4,316,223
-
1,440
$ 4,812,127
$ 4,812,127
Primarily, the Due From balance in the General Fund is the result of utilizing a pooled cash
account since as funds are expended for Non-Major Special Revenue Funds’ benefit; the District
will subsequently submit for reimbursement from the granting agencies.
48
NOTE E - DUE TO/FROM OTHER FUNDS AND TRANSFERS (Continued)
From time to time, grant funds, which are on a reimbursement basis, may experience deficit cash
balances. The centralized cash disbursement process will pay for liabilities incurred while
reimbursement is received. At August 31, 2011, such cash deficits are recorded as due to other
funds.
NOTE F – DUE FROM OTHER GOVERNMENTS
The District participates in a variety of local and state programs from which it receives grants to
partially or fully finance certain activities. In addition, the District receives entitlements from the
State through the School Foundation, per Capita Programs and the Instructional Facilities and
Existing Debt Allotment. Amounts due from local and state governments as of August 31, 2011
are summarized below.
Other NonMajor Funds
General Fund
State Funds
$
Federal Grants
4,015,346
$
425,011
$
68,003
Total
$
6,053,828
4,440,357
$
6,121,831
49
4,083,349
6,478,839
$
10,562,188
NOTE G – CAPITAL ASSETS
Below is a summary of capital asset activity for the year ended August 31, 2011:
Capital Assets,
not being depreciated
Land
Total
Capital Assets
being depreciated
Buildings and
Improvements
Total
Less Accumulated
Depreciation:
Buildings and
Improvements
Total Accumulated
Depreciation
Capital Assets, Net
Balance
September 1,
2010
$
1,584,267
28,907,682
30,491,949
Additions
$
14,699,508
14,699,508
Balance
August 31,
2011
Deletions or
Transfers
$
(42,569,573)
(42,569,573)
$
1,584,267
1,037,617
2,621,884
255,244,995
7,422,933
262,667,928
42,569,573
930,545
43,500,118
(82,973)
(82,973)
297,814,568
8,270,505
306,085,073
(51,521,746)
(5,598,608)
(6,012,515)
(512,348)
82,973
(57,534,261)
(6,027,983)
(57,120,354)
(6,524,863)
82,973
(63,562,244)
51,674,763
$(42,569,573)
$ 245,144,713
$ 236,039,523
50
$
NOTE G – CAPITAL ASSETS (Continued)
Depreciation expense was charged to governmental activities as follows:
Instruction
$
4,076,981
117,530
Curriculum & Staff Development
33,100
4,514
School Leadership
445,956
178,013
57,552
Health Services
107,918
Student Transportation
245,250
Food Services
459,970
Co-Curricular Activities
89,092
11,343
Plant Maintenance & Operations
472,833
Security & Monitoring Services
46,597
175,796
Community Services
2,418
$
Total Depreciation
6,524,863
NOTE H – DEFERRED REVENUES
Deferred revenues for General, Special Revenue and Debt Service Funds at August 31, 2011 are
comprised of the following:
Debt
Service
Fund
General
Fund
Other NonMajor
Funds
Total
Property Taxes Receivable
Allowance for Uncollectable Taxes
Accrued Penalties and Interest
Net Tax Revenue
Commodities Inventory
State Funds
Federal Funds
Other Funds
$ 2,095,597
(164,984)
1,204,087
3,134,700
99,069
35,721
-
$
593,992
(45,067)
307,348
856,273
-
$
40,400
1,959
5,868
$ 2,689,589
(210,051)
1,511,435
3,990,973
99,069
76,121
1,959
5,868
Total Deferred Revenue
$ 3,269,490
$
856,273
$
48,227
$ 4,173,990
51
NOTE I – DUE TO OTHER GOVERNMENTS
The District participates in a variety of local and state programs from which it receives grants to
partially or fully finance certain activities. In addition, the District receives entitlements from the
State through the School Foundation, per Capita Programs and the Instructional Facilities and
Existing Debt Allotment. The Tax Reform Act of 1986 enacted section 148(f) of the Internal
Revenue Code, relating to arbitrage rebate requirements, which generally provides that in order
for interest on any issue of obligation to be excluded from gross income (i.e., tax-exempt) the
issuer must rebate to the United States the sum of (1) the excess of the amount earned on all "non
purpose investments" acquired with "gross proceeds" of the issue over the amount which would
have been earned if such investments had been invested at a yield equal to the yield on the issue,
and (2) the earnings on such excess earnings.
As of August 31, 2011, the rebate amount for applicable bond issues was calculated to be
approximately $586,322. This amount is determined based on current investment yields and is
subject to change prior to the due date of the rebate. The due date of the rebate is five years from
the date of issue. The District has recorded the liability in the Capital Projects funds. Amounts
due to local and state governments as of August 31, 2011 are summarized below:
State Funds / Grants
General Fund
Debt Service
$
$
7,374,935
Federal Funds / Grants
Other
$
Capital
Projects
5,344,418
-
-
35,778
-
7,410,713
$
5,344,418
$
Other NonMajor Funds
-
$
586,322
$
586,322
$
Total
30,974
$ 12,750,327
379
586,701
-
35,778
31,353
$ 13,372,806
NOTE J – LONG-TERM DEBT
1. Bonded Debt Payable
The District issues general obligation bonds for the governmental activities to provide funds for
the acquisition and construction of major capital facilities. The bonds are supported by a pledge
of the District's full faith and credit. The bond indentures require a levy and collection of taxes
without limitation as to rate or amount on all property subject to taxation by the District
sufficient in amount to pay the principal and interest on such bonds as they become due. The
indentures also require that a debt service fund be created and administered by the District solely
for paying principal and interest when due.
Bond indebtedness of the District is reflected in the government-wide financial statements, and
current requirements for principal and interest expenditures are accounted for in the Debt Service
Fund.
52
NOTE J – LONG-TERM DEBT (Continued)
The State of Texas continued funding in 2011 through the Instructional Facilities Allotment
(IFA) and Existing Debt Allotment (EDA) Programs, whereby the District received state funds
of $10,939,474 or approximately 70% of its general obligation annual debt. Although the future
funding is subject to future State legislative appropriations, the State statute guarantees IFA state
aid for the life of the District’s eligible debt as well as for the EDA program which will become
part of the baseline budget for the Texas Education Agency. However, in the event that the
legislature does not appropriate adequate funds for the IFA and EDA programs, the statute
directs the Texas Commissioner of Education to make a transfer from the Foundation School
Program (FSP) in an amount sufficient to cover the required payments of the State. This transfer
is required by statute and is not subject to the discretion of the Texas Commissioner of
Education. This transfer would have the effect of slightly reducing the FSP distributions to all
school districts in the State during the fiscal year in which the transfer takes place.
Unlimited Tax Refunding Bonds – Series 2011
On May 18, 2011, the District issued the Harlandale Independent School District Unlimited Tax
Building and Refunding Bonds, Series 2011 in the amount of $2,945,000. Proceeds from the
sale of the bonds were issued to refund a portion of the Unlimited Tax School Building Bonds,
Series 2001A outstanding in the amount of $2,950,000. Additionally the proceeds are to pay the
costs of issuing the bonds. The net proceeds of $3,024,574 (after deposit into the Interest and
Sinking fund of $1,096, reoffering premium $183,048, underwriter’s discount $27,628 and cost
of issuance $74,750) were used to purchase U.S. Government Securities. Those securities were
deposited in an irrevocable trust with an escrow agent to complete the advance refunding with
interest rates of 2.0% to 4.0%.
Although the advance refunding resulted in the recognition of an accounting loss of $75,574 for
the year ended August 31, 2011 which is being amortized through the year 2018; the District’s
total gross debt service savings was $279,353 with a net present value savings of $258,833.
53
The District is eligible for approximately 70% of state assistance on its annual debt under the
IFA and EDA program. The District estimates to receive $12,335,969 in total State Aid to
supplement the total general obligation annual debt for 2012.
Since the District defeased certain School Building Bonds and Unlimited Tax School Building
Bonds in prior years by placing the proceeds of new bonds in an irrevocable trust to provide for
all future debt service payments on the old bonds, the trust account assets and the liabilities for
the defeased bonds are not included in the District's financial statements. On August 31, 2011,
$71,691,217 of bonds outstanding are considered defeased.
The following is a summary of bonds payable at August 31, 2011.
Issue Date
Original
Amount
Interest
Rates
Final
Maturity
Outstanding
08/31/11
Due Within
One Year
Unlimited Tax School Building Bonds
2001
$ 10,178,309
3.00-5.49%
2020
$6,518,800
$970,464
2006
52,495,000
4.00-5.00%
2040
48,635,000
870,000
Unlimited Tax Refunding Bonds
2004
40,480,000
3.70-5.50%
2023
34,630,000
4,165,000
2005
31,018,920
3.00-19.90%
2035
30,043,920
180,000
2007
37,675,000
4.00-4.75%
2031
37,165,000
140,000
2009
18,245,000
4.00-5.00%
2034
18,245,000
-
2010
12,035,000
2.00-4.00%
2023
12,035,000
50,000
2011
2,945,000
2.00-4.00%
2031
2,945,000
-
11,990,000
344,000
$202,207,720
$ 6,719,464
Unlimited Tax Qualified School Construction Bonds
2009
11,990,000
Totals
$ 217,062,229
2.25%
2026
54
Annual debt service requirements to maturity for bonds payable are as follows:
Year Ending
August 31,
2012
2013
2014
2015
2016
2017-2021
2022-2026
2027-2031
2032-2036
2037-2040
Total
$
Principal
16,266,780
$
6,719,464
Interest
$
9,547,316
16,143,281
16,207,668
16,204,155
16,214,238
80,506,991
70,343,844
59,852,300
37,964,563
10,170,488
6,817,798
7,112,819
7,359,573
7,555,370
41,297,776
40,384,920
43,985,000
31,750,000
9,225,000
9,325,483
9,094,849
8,844,582
8,658,868
39,209,215
29,958,924
15,867,300
6,214,563
945,488
$ 339,874,306
$ 202,207,720
$ 137,666,586
There are a number of limitations and restrictions contained in the general obligation bonded
debt. Management has indicated that the District is in compliance with all significant limitations
and restrictions at August 31, 2011.
55
2. Compensated Absences
Eligible employees of the District accumulate State Leave, District leave and vacation in varying
amounts as part of their compensation in accordance with the District’s policy.
Accumulated State leave benefits is not provided as a long term debt since it may be carried by
the employee to other districts. It is more probable that the District will not pay the allowable
accumulated amount since State leave benefits are reimbursed only if an employee’s separation
is due to retirement.
Vacation benefits are required to be taken by August 31 with certain exceptions. In the event of
separation, employees are paid for accumulated vacation benefits as specified in policy.
Current policy provides reimbursement of all accrued District local personal leave to employees
serving the District at least three consecutive years. Reimbursement is made at the current daily
rate paid to non-degreed substitute professionals. Beginning with the 1997-98 school year,
accrued District local personal leave reimbursement was limited to a maximum of twenty days.
Employees who have accrued more than twenty days prior to the 1997-98 school year shall
continue to be eligible for full reimbursement for accrual of local personal leave until they
voluntary depart from the District. Accumulated vacation and personal leave benefits are paid
from the general fund and special revenue funds, relative to the personnel paid from these
funding sources.
3. Changes in Long-term Liabilities
Changes in long-term liabilities of governmental activities for the year ended August 31, 2011
was as follows:
Bonds Payable:
General Obligation
Less Deferred Amounts:
For Issuance Discounts
For Issuance Premiums
For Accounting Loss
For Accumulated Accretion
Total Bonds Payable
Arbitrage Payable
Total
Beginning
Balance
Additions
Reductions
Ending
Balance
Due Within
One Year
$ 208,479,284
$ 2,945,000
$ (9,216,564)
$ 202,207,720
$ 6,719,464
(761,137)
7,058,081
(6,701,178)
1,590,832
209,665,882
183,048
(74,574)
3,053,474
30,616
(693,080)
386,954
120,070
(9,372,004)
(730,521)
6,548,049
(6,388,798)
1,710,902
203,347,352
6,719,464
601,760
418,700
$ 210,686,342
770,751
$ 3,824,225
(15,438)
(787,723)
$(10,175,165)
586,320
401,728
$ 204,335,400
144,093
$ 6,863,557
56
4. Operating Leases
On July 21, 2010, the District entered into a sixty-month, non-cancelable lease agreement for
copier fleet and print shop services. This lease has been classified as an operating lease and the
total lease expense during the current year was $562,152. The future minimum lease payment
for the next four years is as follows:
Year Ending
August 31,
2012
2013
2014
2015
Total Future Minimum Lease Payments Due
$
562,152
562,152
562,152
468,460
$ 2,154,916
NOTE K – FUND BALANCE
The fund balance as of August 31, 2011 consists of the following amounts:
Inventory
Retirement of Long Term Debt
Capital Acquisition
Federal State and Other Grants
Construction Projects
Other Assigned
Unassigned:
Total
General
Fund
$ 342,477
2,475,831
9,553,562
31,393,511
$43,765,381
Capital
Projects
Fund
Debt
Service
Fund
$
3,517,820
$ 3,517,820
57
$
14,015,904
3,318,093
$17,333,997
Other
Funds
$
$
384,196
384,196
Total
$ 342,477
3,517,820
14,015,904
2,860,027
3,318,093
9,553,562
31,393,511
$65,001,394
NOTE K – FUND BALANCE (Continued)
A new accounting standard, GASB Statement No. 54, was implemented for the current fiscal year
end changing the classification of various fund balance amounts. The statement provided
additional guidance on fund balance classification and the definition of funds to ensure greater
consistency and transparency in governmental reporting.
Restricted fund balance of Federal, State and Other grants reported under the General Fund
consists of a fund balance of $2,158,721 for the federal Child Nutrition program and a fund
balance of $317,110 for the state High School Allotment program. Reported in the Other Funds
as restricted fund balance is a fund balance of $304,856 for State programs and $79,340 from
local grants that are restricted to improving education for children.
Committed fund balance in the Capital Projects funds represents construction improvements
undertaken by the District that are not funded by bond proceeds.
Assigned fund balance reported in the General Fund represents encumbrances at the end of the
year in the amount of $649,242, funds for Student Activity funds of $164,320 which are funds
raised by the campus for the campuses sole use and funds for future deficits in State funding in
the amount of $8,740,000.
NOTE L – REVENUES FROM LOCAL AND INTERMEDIATE SOURCES
Revenues from local and intermediate sources consisted of the following:
Debt
General
Service
Fund
Fund
Property Taxes
$13,538,371 $4,941,413
Tax Related Income
327,751
124,893
Tuition and Fees
254,873
Investment Income
148,293
19,097
Food Sales
507,359
Co Curricular Student Activities
903,270
Other Revenue
1,306,768
Print Shop Revenues
139,648
Worker's Compensation Premiums
$17,126,333 $5,085,403
58
Capital
Projects
Fund
$
755,408
2,725
$ 758,133
Total
Other
Governmental
Funds
Funds
$
- $ 18,479,784
452,644
254,873
922,798
507,359
903,270
227,581
1,537,074
139,648
$227,581 $ 23,197,450
Internal
Service
Fund
$
456,582
$456,582
NOTE M - GENERAL FUND FEDERAL REVENUES
For the year ended August 31, 2011, revenues from federal programs included in the General
Fund consisted of the following:
Program or Source
National School Breakfast Program
National School Lunch Program
Commodity Supplemental Food Program
Junior ROTC Program
School Health & Related Services Program
Clean School Bus USA
Medicaid Administrative Claiming Program
Indirect Costs
ESEA Title I, Part A Improving Basic Programs
ESEA Title I, Part C Migratory Children
IDEA B, Part B Formula
IDEA B, Part B Preschool
Career and Technical Basic Grant
ESEA Title II, Part A Teacher/Principal Training
ESEA Title II, Part D Enhancing Education Through Technology
ESEA Title IV, Part A Safe and Drug Free Schools
Title XIV State Fiscal Stabilization Fund ARRA
Title I, SIP - ARRA/Stimulus
ESEA Title X, Part C Homeless Children
ESEA Title X, Part C ARRA Education for Homeless
Total
CFDA
Number
10.553
10.555
10.565
12.unknown
N/A
66.036
93.778
84.010A
84.011
84.027
84.173
84.048
84.367A
84.318
84.186A
84.394A
84.389A
84.196
84.387
Amount
$ 3,838,531
5,625,117
245,744
108,360
2,484,049
23,668
89,364
160,864
1,849
64,149
939
5,132
30,061
1,243
1,658
48
1,211
1,243
1,680
$ 12,684,910
Indirect cost revenues were determined by applying approved indirect cost rates to actual
applicable expenditures of federally funded grant programs.
NOTE N – DEFINED BENEFIT PENSION PLAN
Plan Description
The District contributes to the Teacher Retirement System of Texas (TRS), a public employee,
cost-sharing multiple employer defined benefit pension plan. TRS administers retirement and
disability annuities, and death and survivor benefits to employees and beneficiaries of employees
of the public school systems of Texas. It operates primarily under the provisions of the Texas
Constitution, Article XVI, Sec. 67, and Texas Government Code, Title 8, Subtitle C. TRS also
administers proportional retirement benefits and service credit transfer under Texas
59
NOTE N – DEFINED BENEFIT PENSION PLAN (Continued)
Government Code, Title 8, Chapter 803 and 805, respectively. The Texas state legislature has
the authority to establish and amend benefit provisions of the pension plan and may, under
certain circumstances, grant special authority to the TRS Board of Trustees. TRS issues a
publicly available financial report that includes financial statements and required supplementary
information for the defined benefit pension plan. That report may be obtained by writing to the
TRS Communications Department, 1000 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 internet website, www.trs.state.tx.us, under the TRS Publications heading.
Funding Policy
Contribution requirements are not actuarially determined but are established and amended by the
Texas state legislature. The state funding policy is as follows: (1) The state constitution requires
the legislature to establish a member contribution rate of not less than 6.0% of the member’s
annual compensation and a state contribution rate of not less than 6.0% and not more than 10%
of the aggregate annual compensation of all members of the system: (2) A state statue prohibits
benefit improvements or contribution reductions if, as a result of a the particular action, the time
required to amortize TRS’ unfunded actuarial liabilities would be increased to a period that
exceeds 31 years, or if the amortization period already exceeds 31 years, the period would be
increased by such action. State law provides for a contribution rate of 6.4% for fiscal year 2011,
2010 and 2009, and a state contribution rate of 6.644% for fiscal year 2011 and 2010 and 6.58%
for fiscal year 2009. In certain instances the reporting district is required to make all or a portion
of the state’s 6.644% contribution, limited to 6.4% for the period of September through
December 2009 and increased to 6.644% for the period of January through August 2011.
State, District, and employee contribution information for the last three (3) years follows:
Fiscal
Year
2009
2010
2011
On-Behalf
State Contribution
4,432,404
4,810,147
4,956,613
District Annual
Required
Contributions
(ARC)
1,814,499
1,805,348
1,765,091
Percentage of
ARC Contributed
100%
100%
100%
Employee
Contributions
5,810,116
6,101,419
6,199,374
The on-behalf state contribution for pension and retirement health insurance of $4,956,613 for
the District’s employees is reported as revenues and expenditures in the accompanying financial
statements.
60
NOTE N – DEFINED BENEFIT PENSION PLAN (Continued)
Medicare Part D
Federal legislation enacted in January 2006 established prescription drug coverage for Medicare
beneficiaries known as Medicare Part D. One provision of the law allows TRS-Care to receive
retiree drug subsidy payments from the federal government to offset certain prescription drug
expenditures for eligible participants. These payments totaled $201,748, $210,162 and $228,603
for years 2009, 2010 and 2011 respectively. Revenue and expenditures equal to the amount paid
by the federal government on behalf of the District, were recognized during the 2011 fiscal year.
NOTE O - RISK MANAGEMENT
The District is exposed to various risks of loss related to torts; theft of, damage to and destruction
of assets; errors and omissions; and natural disasters for which the District carries commercial
insurance. Settled claims have not exceeded this commercial coverage for each of the past three
fiscal years and insurance coverage remains the same as in the prior year.
The District established a limited risk management fund (an internal service fund) program for
workers' compensation on November 1, 1990. Effective September 1, 2003 an excess coverage
insurance policy covers individual claims in excess of $400,000, for any one event up to a
maximum of $1,000,000. In the current fiscal year, there were no claims exceeding the selfinsured retention of $400,000. All funds of the District make payments to the Self-Insurance
Fund based on an actuarial estimate of the amounts needed to pay claims.
The claims liability of $391,000 at August 31, 2011 was actuarially determined based on the
requirements of Governmental Accounting Standards Board (GASB) Statement No. 10, as
amended by GASB Statement No. 30 and includes provisions for the following: a.) reserve for
unpaid incurred claims, b.) reserve for unreported claims, and c.) claims recoverable from
reinsurance. The carrying amount of the liability is presented at the nominal value since there
are no contractual obligations to be paid on fixed or determinable rates and is reported in accrued
expenses in the Statement of Net Assets.
A reconciliation of changes in the accrued expenses amount for the prior and current year is
presented below:
2009-2010
2010-2011
Beginning of
Fiscal Year
Accrued Expenses
Current Year
Claims and
Changes in
Estimates
$
$
$
$
489,000
324,000
103,770
384,978
61
Claim
Payments
$ 268,770
$ 317,978
Ending of
Fiscal Year
Accrued
Expenses
$
$
324,000
391,000
NOTE P – HEALTH CARE COVERAGE
At August 31, 2011, 2,007 employees of the District were eligible for the employee benefits
health plan. TRS-qualified insurance plan participants were 1,611. The District paid premiums of
$225 per month per employee to the plan and employees, at their option, authorized payroll
withholdings to pay premiums for dependents. All premiums were paid to licensed health
providers. Total health plan premiums expensed during the year, were $4,562,962.
NOTE Q – SHARED SERVICES ARRANGEMENTS
The District is a member district in a Regional Day School Program for the Deaf which is
considered a Shared Services Arrangement (SSA). The fiscal agent for the SSA is South San
Independent School District. All SSA services are provided by the fiscal agent with funds
provided by member districts. According to guidance provided in the SSA Section of the TEA’s
Resource Guide, the District has accounted for the funds provided to the fiscal agent in function
93 using Model 3. The amount provided to the fiscal agent during the current year was
$158,330, which was equal to the District’s share of expenditures. The District has neither a
joint ownership interest in fixed assets purchased by the fiscal agent, nor a net equity interest in
the fiscal agent. The fiscal agent is neither accumulating significant financial resources nor
fiscal exigencies that would give rise to a future additional benefit or burden to the District.
NOTE R – RELATED ORGANIZATIONS
The Harlandale Education Foundation (the “Foundation”), a not-for-profit entity which was
organized to provide scholarship funds, is a “related organization” of the District as defined by
Governmental Accounting Standards Board Statement No. 14. The members of the Foundation
Board are comprised of appointees by the District’s Board and high school principals.
NOTE S – CONTINGENCIES AND COMMITMENTS
1. Legal Proceedings
From time to time, the District is a defendant in legal proceedings relating to its operations as a
school district. In the best judgment of the District's management, the outcome of any present
legal proceedings will not have any material adverse effect on the financial condition of the
District. Accordingly, no provision for losses has been recorded in the accompanying financial
statements for such contingencies.
2. State and Federal Grant Programs
The District participates in numerous State and Federal grant programs which are governed by
various rules and regulations of the grantor agencies. Costs charged to the respective grant
programs are subject to audit and adjustment by the grantor agencies; therefore, to the extent that
the District has not complied with the rules and regulations governing the grants, if any, refunds
of any money received may be required and the collectibility of any related receivable at August
62
NOTE S – CONTINGENCIES AND COMMITMENTS (Continued)
31, 2011 may be impaired. In the opinion of the District, there are no significant contingent
liabilities relating to compliance with the rules and regulations governing the respective grants;
therefore, no provision has been recorded in the accompanying financial statements for such
contingencies.
3. Construction Contracts
At August 31, 2011, the outstanding commitments under current construction contracts for
facilities were $2,528,305.
NOTE T – RESTATED BEGINNING NET ASSETS
The net assets balance at September 1, 2010 was restated to reflect the classification change of
the instructional Print Shop lab as an internal service fund to the General Fund. Changes in the
beginning balance of the Government-wide Statement of Net Assets and Proprietary Funds
Statement of Revenues, Expenses and Changes in Fund Net Assets as a result of the restatement
are as follows:
Government-Wide
Net Assets, August 31, 2010
Effect of Restatement
Restated Net Amounts, August 31, 2010
$
$
94,870,737
101,728
94,972,465
General Fund
$
$
28,134,494
(300,673)
27,833,821
Proprietary Fund
$
$
1,060,093
300,673
1,360,766
NOTE U – SUBSEQUENT EVENTS
On September 19, 2011 the Board of Trustees voted to change the District’s fiscal year to begin
July 1st and end on June 30th effective for the 2011-2012 fiscal year which will now end on June
30, 2012 instead of August 31, 2012. This change will better align the fiscal year with the
academic year that primarily begins the latter part of August and ends the first week in June.
63
REQUIRED SUPPLEMENTARY INFORMATION
65
EXHIBIT F-1
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - GENERAL FUND
Actual Amounts
(GAAP BASIS)
Data
Control
Budgeted Amounts
Codes
5700
5800
5900
5020
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
0081
0093
0095
0099
6030
Original
REVENUES:
$
Total Revenues
EXPENDITURES:
Current:
Instruction
Curriculum and Instructional Staff Development
School Leadership
Health Services
Food Services
Community Services
Capital Outlay:
Facilities Acquisition and Construction
Intergovernmental:
Payments to Fiscal Agent/Member Districts of SSA
Payments to Juvenile Justice Alternative Ed. Prg.
Other Intergovernmental Charges
1200
0100
3000
Final
15,959,233
85,697,488
9,841,474
$
$
16,486,453
85,780,310
9,841,474
(Negative)
$
17,126,333
88,944,443
12,684,910
$
639,880
3,164,133
2,843,436
111,498,195
112,108,237
118,755,686
6,647,449
55,349,783
1,815,148
1,279,753
994,995
8,234,461
4,101,468
337,557
1,504,975
2,693,717
9,630,958
2,007,870
3,309,863
14,895,525
1,346,685
2,798,303
33,347
55,879,496
1,815,016
1,271,480
994,995
8,263,122
4,107,968
344,817
1,509,975
2,693,717
9,912,677
2,145,270
3,400,761
14,922,020
1,352,885
2,798,303
41,187
49,775,932
1,727,144
1,182,868
921,700
7,857,631
3,863,447
328,383
1,447,686
2,659,506
9,806,889
2,143,629
3,195,157
14,106,923
1,331,674
2,081,861
29,239
6,103,564
87,872
88,612
73,295
405,491
244,521
16,434
62,289
34,211
105,788
1,641
205,604
815,097
21,211
716,442
11,948
64,000
27,813
36,187
100,000
185,000
177,896
100,000
185,000
177,896
100,000
130,959
105,685
54,041
72,211
110,797,304
111,980,585
102,824,126
9,156,459
700,891
127,652
15,931,560
15,803,908
27,833,821
27,833,821
27,833,821
-
Total Expenditures
Variance With
Final Budget
Positive or
28,534,712
67
$
27,961,473
$
43,765,381
-
$
15,803,908
REQUIRED TEXAS EDUCATION AGENCY SCHEDULES
69
EXHIBIT F-2
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - CHILD NUTRITION PROGRAM
Actual Amounts
(GAAP BASIS)
Data
Control
Budgeted Amounts
Codes
5700
5800
5900
5020
Original
REVENUES:
$
Total Revenues
Variance With
Final Budget
Positive or
Final
550,000
291,401
9,041,474
$
(Negative)
831,719
291,401
9,041,474
$
709,030
307,730
9,709,392
$
(122,689)
16,329
667,918
9,882,875
10,164,594
10,726,152
561,558
0035
0051
EXPENDITURES:
Food Services
9,630,958
251,917
9,912,677
251,917
9,795,910
213,993
116,767
37,924
6030
Total Expenditures
9,882,875
10,164,594
10,009,903
154,691
716,249
716,249
1200
0100
3000
-
-
1,450,662
$
1,450,662
71
1,450,662
$
1,450,662
1,450,662
$
2,166,911
-
$
716,249
SCHEDULE OF DELINQUENT TAXES RECEIVABLE
FISCAL YEAR ENDED AUGUST 31, 2011
(1)
Last 10 Years Ended
August 31
2002 and prior years
(2)
Tax Rates
Maintenance
Debt Service
(3)
Assessed/Appraised
Value for School
Tax Purposes
$ 1.500000
$ 0.256000
2003
1.500000
0.256000
782,149,425
2004
1.500000
0.256000
861,937,138
2005
1.500000
0.256000
908,462,178
2006
1.500000
0.256000
984,936,416
2007
1.370000
0.330000
1,055,230,236
2008
1.040000
0.330000
1,156,374,566
2009
1.170000
0.309000
1,312,939,057
2010
1.170000
0.309000
1,398,343,096
2011 (School year under audit)
1.170000
0.434800
1,253,540,665
1000
TOTALS
72
$
750,608,240
EXHIBIT F-3
(10)
Beginning
Balance
9/1/2010
$
(20)
Current
Year's
Total Levy
317,497 $
$
(32)
Maintenance
Collections
Debt Service
Collections
6,846
$
1,608 $
(40)
Entire
Year's
Adjustments
(50)
Ending
Balance
8/31/2011
(30,984) $
278,059
80,176
-
1,761
311
(523)
77,581
118,817
-
3,960
699
(433)
113,725
100,984
-
7,487
1,321
(341)
91,835
118,060
-
13,436
2,371
5,180
107,433
164,115
-
31,333
7,350
36,519
161,951
189,944
-
36,899
11,022
36,929
178,952
430,739
-
127,053
33,774
34,263
304,175
979,663
-
382,253
101,612
(56,692)
439,106
18,753,373
12,927,343
4,781,346
(107,912)
936,772
18,753,373 $
13,538,371
$
-
(31)
2,499,995 $
$
73
4,941,414 $
(83,994) $
2,689,589
EXHIBIT F-4
SCHEDULE OF EXPENDITURES FOR COMPUTATIONS OF INDIRECT COST FOR 2012-2013
GENERAL AND SPECIAL REVENUE FUNDS
AUGUST 31, 2011
FUNCTION 41 AND RELATED FUNCTION 53 - GENERAL ADMINISTRATION, 99 - APPRAISAL DISTRICT COST
Account
Number
611X-6146
6149
6149
6211
6212
6213
621X
6220
6230
6240
6250
6260
6290
6320
6330
63XX
6410
6420
6430
6490
6500
6600
6000
1
(702)
School
Board
Account
Name
PAYROLL COSTS
Leave for Separating
Employees in Fn 41 & 53
Leave - Separating Employees
not in 41 & 53
Legal Services
Audit Services
Tax Appraisal/Collection Appraisal in Fn 99
Other Professional Services
Tuition and Transfer Payments
Education Service Centers
Contr. Maint. and Repair
Utilities
Rentals
Miscellaneous Contr.
Textbooks and Reading
Testing Materials
Other Supplies Materials
Travel, Subsistence, Stipends
Ins. and Bonding Costs
Election Costs
Miscellaneous Operating
Debt Service
Capital Outlay
TOTAL
$
$
2
(703)
Tax
Collections
44,628 $
-
3
(701)
Supt's
Office
- $
-
4
(750)
Indirect
Cost
289,247 $
-
5
(720)
Direct
Cost
1,846,591 $
53
6
(other)
7
Miscellaneous
Total
- $
-
- $
-
2,180,466
53
-
-
-
-
-
-
-
193,266
-
160,568
-
66,540
-
-
-
193,266
66,540
160,568
730
972
1,417
6,628
13,224
19,463
-
-
399
27,772
137
10,823
2,308
9,833
-
8,000
363,129
170,538
85,261
206,240
11,444
116,728
-
-
5,625
8,000
363,129
171,667
114,005
137
218,480
20,380
13,224
146,024
5,625
340,519 $
2,874,524 $
- $
5,625 $
280,328 $
160,568 $
Total expenditures/expenses for General and Special Revenue Funds:
LESS: Deductions of Unallowable Costs
FISCAL YEAR
Total Capital Outlay (6600)
Total Debt & Lease(6500)
Plant Maintenance (Function 51, 6100-6400)
Food (Function 35, 6341 and 6499)
Stipends (6413)
Column 4 (above) - Total Indirect Cost
(9) $
(10)
(11)
(12)
(13)
(14)
$
3,661,564
131,127,863
958,358
14,106,923
4,196,480
2,874,524
SubTotal:
22,136,285
Net Allowed Direct Cost
$
108,991,578
$
$
$
$
$
$
297,663,088
7,259,688
5,182,357
8,270,505
34,000
328,924
CUMULATIVE
Total Cost of Buildings before Depreciation (1520)
Historical Cost of Building over 50 years old
Amount of Federal Money in Building Cost (Net of #16)
Total Cost of Furniture & Equipment before Depreciation (1530 & 1540)
Historical Cost of Furniture & Equipment over 16 years old
Amount of Federal Money in Furniture & Equipment (Net of #19)
(8) NOTE A:
$360,722 in Function 53 expenditures are included in this report on administrative costs.
$105,685 in Function 99 expenditures for appraisal district costs are included in this report on administrative costs.
74
(15)
(16)
(17)
(18)
(19)
(20)
FUND BALANCE AND CASH FLOW CALCULATION WORKSHEET
GENERAL FUND AS OF AUGUST 31, 2011
EXHIBIT F-5
UNAUDITED
1
Total General Fund Balance as of 8/31/11 (Exhibit C-1 object 3000 for the
General Fund Only)
$
2
Total Non-Spendable Fund Balance (from Exhibit C-1 - for the General
Fund Only)
3
Total Restricted Fund Balance (from Exhibit C-1 - for the General Fund
Only)
4
Total Committed Fund Balance (from Exhibit C-1 - for the General Fund
Only)
5
Total Assigned Fund Balance (from Exhibit C-1 - for the General Fund
Only)
9,553,562
6
Estimated amount needed to cover fall cash flow deficits in the General
Fund (Net of borrowed funds and funds representing deferred revenues.)
(246,489)
7
Estimate of two month's average cash disbursements during the fiscal year.
8
Estimate of delayed payments from state sources (58xx).
-
9
Estimate of underpayment from state sources equal to variance between
Legislative Payment Estimate (LPE) and District Planning Estimate (DPE) or
District's calculated earned state aid amount.
-
10
Estimate of delayed payments from federal sources (59xx)
-
11
Estimate of expenditures to be reimbursed to General Fund from Capital
Projects Fund (uses of General Fund cash after bond referendum and prior
to issuance of bonds)
-
12
Optimum Fund Balance and Cash Flow (Lines 2+3+4+5+6+7+8+9+10+11)
13
Excess (Deficit) Unassigned Fund Balance (Line 1 minus Line
13)
$
43,765,381
342,477
2,475,831
-
21,782,996
33,908,377
$
9,857,004
Explanation of need for and/or projected use of net positive Unassigned General Fund Fund Balance:
Planned use of fund balance is for classroom expansion due to program participation, improvement to neglected
facilities and grounds, and other student initiatives.
75
EXHIBIT F-6
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - DEBT SERVICE FUND
Actual Amounts
(GAAP BASIS)
Data
Control
Budgeted Amounts
Codes
5700
5800
5020
0071
0072
0073
6030
1100
7911
7916
8949
7080
Original
REVENUES:
$
Total Revenues
EXPENDITURES:
Debt Service:
Principal on Long Term Debt
Interest on Long Term Debt
Total Expenditures
0100
3000
$
4,350,000
11,848,495
$
5,085,403
10,939,474
$
735,403
(909,021)
16,198,495
16,024,877
(173,618)
6,266,564
9,901,931
30,000
6,266,564
9,901,931
531,505
6,266,564
9,856,437
118,514
45,494
412,991
16,198,495
16,700,000
16,241,515
458,485
(501,505)
(216,638)
284,867
-
-
-
2,945,000
183,048
(3,024,574)
2,945,000
183,048
(3,024,574)
-
-
103,474
103,474
(113,164)
388,341
-
(501,505)
3,630,984
$
(Negative)
16,198,495
Total Other Financing Sources (Uses)
Final
4,350,000
11,848,495
Excess (Deficiency) of Revenues Over (Under)
Expenditures
OTHER FINANCING SOURCES (USES):
Capital Related Debt Issued (Regular Bonds)
Premium or Discount on Issuance of Bonds
Other (Uses)
1200
Variance With
Final Budget
Positive or
3,630,984
77
3,630,984
$
3,129,479
3,630,984
$
3,517,820
-
$
388,341
Continued
NON-MAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS
The Special Revenue Fund accounts for State and Federally financed programs. Generally unused
balances are returned to the grantor at the close of specified project periods.
ESEA TITLE IV, SAFE AND DRUG FREE SCHOOLS – To account for federal funds that target
school populations, which are susceptible to the use of drugs. They provide drug information to the
students and staff. Group counseling is provided and contact is made with the parents and
community-based organizations.
ESEA TITLE X, PART C, HOMELESS – To account for federal funds that ensure that children in
homeless situations have the opportunity to attend, enroll in, and succeed in school.
ESEA TITLE I, PART A, IMPROVING BASIC PROGRAMS – To account for federal funds
supporting the operations of compensatory education benefiting disadvantaged students.
ESEA TITLE I, PART C MIGRANT – To account for federal funds supporting the operation of
compensatory education programs benefiting migrant students.
IDEA-PART B, FORMULA – To account for federal funds supporting the operation of programs
benefiting the physically and mentally handicapped.
IDEA-PART B, PRESCHOOL – To account for federal funds supporting the operation of
programs benefiting preschool handicapped children.
IDEA-PART B, DISCRETIONARY – To account for federal funds supporting the operation of
programs benefiting individuals with disabilities.
CAREER & TECHNICAL BASIC GRANT – To account for federal funds supporting the various
vocational education programs.
ESEA II, A - TRAINING AND RECRUITING – To account for federal funds allocated to
increase student academic achievement through improving teacher and principal quality and
increasing the number of highly qualified teachers in classrooms and highly qualified principals and
assistant principals in schools.
TITLE II, D – EDUCATION THROUGH TECHNOLOGY – To account for federal funds to
provide ongoing, sustained, and intensive high-quality professional development in the integration of
advanced technologies, including emerging technologies, into curricula and instruction and in using
those technologies to create new learning environment, such as professional development in the use
of technology.
TITLE III, A – ENGLISH LANGUAGE ACQUISITION – To account for federal funds used to
improve the education of limited English proficient children, by assisting the children to learn
English and meet challenging State academic content and student academic achievement standards.
78
Continued
TITLE XIV, ARRA STATE STABILIZATION – To account for federal funds to improve basic
programs authorized by the Elementary and Secondary Education Act of 1965, as amended by the
No Child Left Behind Act of 2001; the Individuals with Disabilities Education Act (IDEA); the
Adult and Family Literacy Act; the Carl D. Perkins and Technical Education Act of 2006.
ESEA TITLE I, SIP ACADEMY – To account for federal funds supporting the needs of campuses
in improvement, corrective action, and restructuring in order to improve student achievement. In
conjunction with the Title I School Improvement Program funds under section 1003(a), SIP
Academy grants are to be used to leverage change and improve technical assistance.
TITLE II, D ARRA – ED. TECHNOLOGY – To account for federal funds for the implementation
and support of a comprehensive system that effectively uses technology in elementary and secondary
schools to improve student academic achievement.
ESEA TITLE X, PART C, ARRA HOMELESS – To account for federal stimulus funds
supporting a variety of staff development and supplemental services, including in-service
training, counseling, psychological services and tutoring to benefit children in homeless
situations.
IDEA-PART B, ARRA FORMULA – To account for federal stimulus funds supporting the
operation of educational programs for children with disabilities.
IDEA-PART B, ARRA PRESCHOOL – To account for federal funds for preschool children
with disabilities.
ESEA TITLE I, PART A, ARRA IMPROVING BASIC PROGRAMS – To account for
federal stimulus funds to enable schools to provide opportunities for children served to acquire
the knowledge and skills contained in the challenging State content standards and to meet the
challenging State performance standards developed for all children.
COMMUNITY ORIENTED POLICING SERVICES – To account for federal funds to promote
and enhance safety and security measures at schools.
EDUCATION JOBS FUND – To account for federal funds to provide essential resources to assist
LEA’s in saving or creating education jobs and help ensure that children are prepared to succeed in
college and careers.
SUMMER SCHOOL LEP PROGRAM – To account for federal funds that are reimbursed to the
district for operating a summer school program for limited English proficient students.
VISUALLY IMPAIRED – To account for state funds to provide appropriate supplemental services
to students with visual impairments within their district/special services co-op.
LIFE SKILLS PROGRAM – To account for state funds to provide pregnant and parenting students
the service needed to keep them in school until completion.
79
Continued
ADVANCED PLACEMENT INCENTIVES – To account for state funds that reward students,
teachers, and campuses for high achievement.
INVESTMENT CAPITAL FUNDS – To account for state funds received to build a community of
learners, which includes children, parents, staff and community members.
OPTIONAL EXTENDED YEAR PROGRAM – To account for state funds supporting the
operation of extended-year programs funded under Section 29.082 of the Texas Education Code.
STUDENT SUCCESS INITIATIVE – To account for state funds used to provide a student’s
reading development in the early grades of school.
HIGH SCHOOL COMPLETION AND SUCCESS – To account for state funds for schools to
implement programs to support the improvement of high school graduation rates and post-secondary
readiness.
TECHNOLOGY ALLOTMENT – To account for state funds benefiting the operation of funds
awarded to school districts to purchase technological software or equipment that contributes to
student learning, or to pay for training for educational personnel involved in the use of these
materials.
KINDER AND PRE-KINDER PROGRAM – To account for state funds to provide existing halfday pre-kindergarten programs to full-day programs.
TEXAS SCHOOL READY PROJECT – To account for state funds to provide an educational
component to federal Head Start programs or similar government-funded early childhood care and
education programs.
LEP SUCCESS INITIATIVE – To account for state funds to provide intensive programs of
instruction for limited English-proficient (LEP) students and teacher training resources specific to
instruction of LEP students.
TEXAS FITNESS PROGRAM – To account for state funds for middle school students to ensure
that students will participate in physical activity for the school year.
DRIVE TIME FUND – To account for donated funds by Drive Time, Inc. for elementary schools
serving predominantly “at risk” students, provide opportunities for employees to give back to their
communities and provide personal and financial resources to add value to the educational experience,
improve and enhance student well being, empower and support parents and support and applaud the
efforts of teachers and students.
PLAZA COMUNITARIA-IME FELLOWSHIP PROGRAM – To account for donated funds for
adult education programs to subsidize the studies of adult immigrants 15 years of age or older who
are Mexican citizens living in the United State and are interested in continuing their education.
80
Continued
AT&T FOUNDATION GRANT – To account for donated funds from AT&T Corporation
supporting professional development training for all teachers involved with at-risk students, and
building professional development training capacity within the school district.
METHODIST HEALTHCARE MINISTRIES GRANT – To account for donated funds from
Methodist Healthcare Ministries of South Texas, Inc. to construct a sports field at Colombia Heights
Elementary.
HEB GRANT – To account for donated funds from HEB Corporation to supplement the District’s
students in achieving a high quality education.
81
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
AUGUST 31, 2011
Data
Control
Codes
1110
1240
ASSETS
1290
Other Receivables
1000
Total Assets
1260
2110
2160
204
ESEA Title IV
Safe & Drug
Free Schools
206
ESEA
Title X, Pt.C
Homeless
211
ESEA I, A
Improving
Basic Program
$
$
$
168
-
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts Payable
31,380
-
$
168
$
31,380
$
-
$
721
1,516
1,525,653
212
ESEA Title I
Part C
Migrant
$
-
4,139
-
$ 1,525,653
$
4,139
$
$
1,894
1,131
185,887
233,841
2300
Due to Other Funds
Deferred Revenues
168
-
29,143
-
1,105,925
-
1,114
-
2000
Total Liabilities
168
31,380
1,525,653
4,139
2170
2180
3450
Fund Balances:
3000
Total Fund Balances
4000
$
82
-
-
-
-
-
-
-
-
168
$
31,380
$ 1,525,653
$
4,139
EXHIBIT G-1 (Cont'd)
224
IDEA - Part B
Formula
225
IDEA - Part B
Preschool
226
IDEA - Part B
Discretionary
$
$
$
1,062,615
-
564
-
-
244
Career and
Technical Basic Grant
$
-
29,084
255
ESEA II,A
Training and
Recruiting
262
Title II, D
Education
Technology
263
Title III, A
English Lang.
Acquisition
266
Title XIV
ARRA State
Stabilization
$
$
$
$
-
25,052
81,852
-
-
18,420
-
157,826
496,152
-
$ 1,062,615
$
564
$
-
$
29,084
$
106,904
$
-
$
18,420
$
653,978
$
$
252
$
-
$
6,392
1,746
$
2,128
104,776
$
-
$
1,211
9,393
$
653,978
360,500
85,010
617,105
-
312
-
20,946
-
1,062,615
564
-
29,084
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$ 1,062,615
$
564
$
-
$
106,904
29,084
$
83
106,904
$
-
7,816
-
-
18,420
-
$
18,420
653,978
$
653,978
AUGUST 31, 2011
276
Title I - SIP
Academy
Grant
Data
Control
Codes
1110
1240
ASSETS
1290
Other Receivables
1000
Total Assets
1260
2110
2160
$
-
Liabilities:
Accounts Payable
-
$
197,429
$
-
$
22,359
-
$
6
$
149,589
47,840
$
84
-
6
Fund Balances:
-
57,374
140,055
$
-
4000
$
22,359
Total Liabilities
Total Fund Balances
6
$
2000
3000
$
283
IDEA, Pt. B
ARRA
Formula
-
2300
3450
2,179
20,180
280
ESEA, X, C
ARRA
Homeless
$
-
2180
$
-
Due to Other Funds
Deferred Revenues
2170
279
Title II, D
ARRA - Ed.
Technology
-
-
-
22,359
6
197,429
-
-
-
-
-
-
-
-
-
$
22,359
$
6
$
197,429
284
IDEA, Pt. B
ARRA
Preschool
$
1,647
-
285
ESEA I,A
Improving
Basic Program
$
-
178,276
143,493
287
Education
Jobs
Fund
$
-
2,492,953
288
Community
Oriented
Policing Svc
$
-
289
Summer
LEP
Program
7,852
$
-
385
Visually
Impaired
SSVI
1,062
-
$
-
394
Life
Skills
Program
$
855
-
16,121
397
Advanced
Placement
Incentives
$
-
6,828
-
$
1,647
$
321,769
$ 2,492,953
$
7,852
$
1,062
$
855 $
16,121
$
6,828
$
-
$
135,539
186,020
$
$
1,863
$
-
$
$
848
15,800
-
$
-
$
-
1,647
210
-
2,492,953
-
5,989
-
-
7
-
321
-
-
1,647
321,769
2,492,953
7,852
-
855
16,121
-
-
-
-
-
1,062
-
-
6,828
-
-
-
-
1,062
-
-
6,828
1,647
$
321,769
$ 2,492,953
$
7,852
$
85
1,062
$
855 $
16,121
$
6,828
AUGUST 31, 2011
399
Investment
Capital
Funds
Data
Control
Codes
1110
1240
ASSETS
1290
Other Receivables
1000
Total Assets
1260
2110
2160
$
3,760
-
401
Optional
Extended Year
Program
$
-
Liabilities:
Accounts Payable
5,883
-
404
Student
Success
Initiative
$
21,332
-
$
3,760
$
$
-
$
27,215
-
14,745
409
High School
Completion
and Success
$
-
20,532
25,428
-
$
14,745
$
45,960
$
10,153
$
1,118
4,587
2300
Due to Other Funds
Deferred Revenues
3,760
-
27,215
-
4,592
-
40,255
2000
Total Liabilities
3,760
27,215
14,745
45,960
2170
2180
3450
Fund Balances:
3000
Total Fund Balances
4000
$
86
-
-
-
-
-
-
-
-
3,760
$
27,215
$
14,745
$
45,960
411
Technology
Allotment
$
324,700
-
415
Kindergarten
and Pre-K
Grants
416
Texas
School
Ready Project
$
$
-
-
7,636
423
LEP
Success
Initiative
$
-
2,285
429
Student Club/
Texas Fitness
Grants
461
Drive
Time
Partnerships
$
$
-
933
-
5,868 $
-
$
324,700
$
-
$
7,636
$
2,285
$
933
$
$
27,590
-
$
-
$
-
$
413
-
$
29
-
$
$
462
IME
Fellowship
Program
$
-
5,868 $
-
571
-
463
AT & T
Foundation
Grant
$
58,770
-
571
$
-
$
58,770
-
145
-
7,636
-
1,872
-
904
-
5,868
-
-
27,735
-
7,636
2,285
933
5,868
-
-
296,965
-
-
-
-
-
571
58,770
296,965
-
-
-
-
-
571
58,770
324,700
$
-
$
7,636
$
2,285
$
87
933
$
5,868 $
571
$
58,770
EXHIBIT G-1
AUGUST 31, 2011
481
Methodist
Healthcare
Ministries
Data
Control
Codes
1110
1240
ASSETS
1290
Other Receivables
1000
Total Assets
1260
2110
2160
$
-
499
HEB
Excellence in
Education
Total
Nonmajor
Governmental
Funds
$
$
19,900
$
Liabilities:
Accounts Payable
$
19,900
-
20,000
-
$
$
20,000
-
871,066
6,121,831
21,332
19,900
$ 7,034,129
$
911,176
1,342,954
2300
Due to Other Funds
Deferred Revenues
19,900
-
-
4,316,223
31,353
48,227
2000
Total Liabilities
19,900
-
6,649,933
2170
2180
3450
Fund Balances:
3000
Total Fund Balances
4000
$
88
-
20,000
384,196
-
20,000
384,196
20,000
$ 7,034,129
19,900
$
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - NONMAJOR GOVERNMENTAL FUNDS
Data
Control
Codes
REVENUES:
5700 Total Local and Intermediate Sources
5800 State Program Revenues
5900 Federal Program Revenues
5020
204
ESEA Title IV
Safe & Drug
Free Schools
206
ESEA
Title X, Pt.C
Homeless
211
ESEA I, A
Improving
Basic Program
212
ESEA Title I
Part C
Migrant
$
$
$
$
Total Revenues
EXPENDITURES:
Current:
0011 Instruction
0012 Instructional Resources and Media Services
0013 Curriculum and Instructional Staff Development
0021 Instructional Leadership
0023 School Leadership
0031 Guidance, Counseling and Evaluation Services
0032 Social Work Services
0033 Health Services
0052 Security and Monitoring Services
0061 Community Services
Capital Outlay:
0081 Facilities Acquisition and Construction
Intergovernmental:
0093 Payments to Fiscal Agent/Member Districts of SSA
6030
Total Expenditures
1200
Net Change in Fund Balance
$
90
53,651
5,925,829
72,041
8,557
53,651
5,925,829
72,041
8,557
-
27,825
2,540
23,286
4,752,344
96,216
596,638
45,212
281,850
9,073
6,514
7,313
130,669
10,119
32,405
29,517
-
-
-
-
-
-
-
-
8,557
0100 Fund Balance - September 1 (Beginning)
3000 Fund Balance - August 31 (Ending)
8,557
53,651
72,041
5,925,829
-
-
-
-
-
-
-
-
-
$
-
$
-
$
-
224
IDEA - Part B
Formula
225
IDEA - Part B
Preschool
226
IDEA - Part B
$
$
$
2,778,816
Discretionary
-
$
255
ESEA II,A
Training and
Recruiting
214,540
$
1,260,226
262
Title II, D
Education
Technology
$
-
263
Title III, A
English Lang.
Acquisition
$
201,140
266
Title XIV
ARRA State
Stabilization
$
426,632
8,118,874
2,778,816
28,208
-
214,540
1,260,226
-
201,140
8,545,506
2,577,375
135,156
3,256
4,699
-
28,208
-
-
183,806
8,466
6,568
2,337
13,363
-
1,224,460
35,766
-
-
144,107
35,662
19,495
1,876
7,586,620
173,420
785,466
-
58,330
2,778,816
$
28,208
244
Career and
Technical Basic Grant
-
-
-
-
-
-
-
-
-
-
-
-
-
-
28,208
-
214,540
1,260,226
-
201,140
8,545,506
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$
-
$
-
$
-
$
91
-
$
-
$
-
$
-
276
Title I - SIP
Academy
Grant
Data
Control
Codes
REVENUES:
5020
$
Total Revenues
EXPENDITURES:
Current:
0011 Instruction
Capital Outlay:
Intergovernmental:
-
279
Title II, D
ARRA - Ed.
Technology
$
208
36,703
280
ESEA, X, C
ARRA
Homeless
$
7,330
283
IDEA, Pt. B
ARRA
Formula
$
36,255
1,801,085
-
36,911
7,330
1,837,340
-
30,539
6,372
-
16
7,314
1,728,031
79,789
29,520
-
-
-
-
-
-
-
-
-
6030
Total Expenditures
-
1200
-
-
-
-
-
-
-
-
$
92
-
36,911
$
-
7,330
$
-
1,837,340
$
-
284
IDEA, Pt. B
ARRA
Preschool
$
56,783
285
ESEA I,A
Improving
Basic Program
$
$
2,492,953
288
Community
Oriented
Policing Svc
$
289
Summer
LEP
Program
41,576
$
385
Visually
Impaired
SSVI
5,372
$
394
Life
Skills
Program
16,155
-
$
397
Advanced
Placement
Incentives
71,055
-
$
450
-
56,783
2,629,880
2,492,953
41,576
5,372
16,155
71,055
450
56,783
-
2,430,742
185,653
13,485
2,047,909
58,710
34,432
203,185
148,717
-
41,576
-
4,310
-
16,155
-
11,840
548
58,667
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
56,783
$
113,267
2,516,613
287
Education
Jobs
Fund
2,629,880
2,492,953
41,576
4,310
16,155
71,055
-
-
-
-
-
1,062
-
-
450
-
-
-
-
-
-
-
6,378
-
$
-
$
-
$
-
$
93
1,062
$
-
$
-
$
6,828
399
Investment
Capital
Funds
Data
Control
Codes
REVENUES:
5020
$
Total Revenues
EXPENDITURES:
Current:
0011 Instruction
Capital Outlay:
Intergovernmental:
-
401
Optional
Extended Year
Program
$
-
404
Student
Success
Initiative
$
409
High School
Completion
and Success
150,205
-
$
191,537
-
-
-
150,205
191,537
-
-
150,205
-
129,215
1,870
60,452
-
-
-
-
-
-
-
-
-
6030
Total Expenditures
-
-
1200
-
-
-
-
-
-
-
-
$
94
-
$
-
150,205
$
-
191,537
$
-
411
Technology
Allotment
$
395,604
-
415
Kindergarten
and Pre-K
Grants
416
Texas
School
Ready Project
$
$
106,836
6,527
-
$
429
Student Club/
Texas Fitness
Grants
71,129
-
$
31,768
-
461
Drive
Time
Partnerships
$
846
-
462
IME
Fellowship
Program
$
-
463
AT & T
Foundation
Grant
$
99,999
31
-
395,604
1,068,084
113,363
71,129
31,768
846
-
100,030
275,978
43,803
630
-
1,068,084
-
113,363
-
7,767
63,362
-
28,735
3,033
-
846
-
-
36,626
36,961
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
846
-
73,587
320,411
$
1,068,084
-
423
LEP
Success
Initiative
1,068,084
113,363
71,129
31,768
75,193
-
-
-
-
-
-
26,443
221,772
-
-
-
-
-
571
32,327
296,965
$
-
$
-
$
-
$
95
-
$
-
$
571
$
58,770
EXHIBIT G-2
481
Methodist
Healthcare
Ministries
Data
Control
Codes
REVENUES:
5020
$
1200
$
19,900
19,900
Total Expenditures
-
$
-
-
3000
Total
Nonmajor
Governmental
Funds
19,900
Total Revenues
EXPENDITURES:
Current:
0011 Instruction
Capital Outlay:
Intergovernmental:
6030
19,900
-
499
HEB
Excellence in
Education
$
96
-
-
28,426,785
-
24,566,340
234,391
1,282,863
247,388
485,583
243,172
896,415
41,532
41,576
206,147
-
19,900
-
58,330
-
28,323,637
-
103,148
20,000
$
227,581
2,578,907
25,620,297
20,000
281,048
$
384,196
EXHIBIT H-1
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
AGENCY FUND
BALANCE
SEPTEMBER 1
2010
AGENCY FUND FOR TAX COLLECTIONS
Assets:
Cash and Temporary Investments
Liabilities:
Due to Other Funds
Total Liabilities
TOTAL AGENCY FUNDS
Assets:
Cash and Temporary Investments
Liabilities:
Due to Other Funds
Total Liabilities
ADDITIONS
DEDUCTIONS
BALANCE
AUGUST 31
2011
$
281,969
$
830,708 $
765,353
$
347,324
$
281,969
$
1,440 $
830,708
766,793
$
1,440
345,884
$
281,969
$
832,148 $
766,793
$
347,324
$
281,969
$
830,708 $
765,353
$
347,324
$
281,969
$
1,440 $
830,708
766,793
$
1,440
345,884
$
281,969
$
832,148 $
766,793
$
347,324
97
Statistical
Section
STATISTICAL SECTION
(Unaudited)
This part of the District’s 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 District’s overall financial health.
Contents
Page
Financial Trends
These schedules contain trend information to help the reader understand
how the District’s financial performance and well-being have changed over
time.
Revenue Capacity
These schedules contain information to help the reader assess the District’s
most significant local revenues sources, the property tax.
Debt Capacity
These schedules present information to help the reader assess the
affordability of the District’s current levels of outstanding debt and the
District’s ability to issue additional debt in the future.
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the
reader understand the environment within which the District’s financial
activities take place.
Operating Information
These schedules contain service and infrastructure data to help the reader
understand how the information in the District’s financial report relates to
the services the District provides and the activities it performs.
Sources: Unless otherwise noted, the information in these schedules is derived from the
comprehensive annual financial reports for the relevant year.
99
101-107
108-115
116-122
123-126
127-130
Net Assets by Component
Last Ten Fiscal Years
(Accrual Basis of Accounting)
(Unaudited)
Fiscal Year
Ended
31-Aug
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
Invested in
Capital Assests
Net of Related Debt
$
72,405,332
67,800,861
59,497,389
56,777,420
53,202,306
48,731,810
44,076,933
48,950,138
42,135,845
44,264,732
Restricted
$
6,476,440
5,380,151
10,241,879
7,217,922
6,041,742
5,510,778
4,137,441
2,869,542
6,551,277
2,064,100
Total
Net Assets
Unrestricted
$
32,947,723
21,689,725
11,761,347
3,458,479
7,674,668
12,717,237
17,624,182
9,078,098
6,738,617
5,186,841
$
111,829,495
94,870,737
81,500,615
67,453,821
66,918,716
66,959,825
65,838,556
60,897,778
55,425,739
51,515,673
Source: District's Statement of Net Assets (Exhibit A-1).
* Data for years earlier than 2002 is not available since GASB 34 was effective for fiscal year 2002 and later.
101
(Unaudited)
Fiscal Year Ended August 31,
2011
2010
2009
2008
2007
Revenues
Program Revenues
Charges for Services
Tuition and Fees
$
Student Extra Curricular Activities
254,873
$
256,922
$
217,969
$
196,174
$
296,230
2,859,470
2,096,815
2,219,186
2,086,005
2,220,119
57,657,472
52,402,389
42,157,066
41,013,749
40,063,364
Property Taxes
19,122,022
18,661,123
19,162,216
16,665,902
18,472,281
State Aid - formula
83,338,139
81,604,316
84,449,812
76,146,225
71,136,461
Investment Earnings
922,892
2,097,788
3,029,697
3,677,293
4,520,134
Other/Special Items
301
561,802
-
358,453
167,852
164,155,169
157,681,155
151,235,946
140,143,801
136,876,441
69,087,664
Operating Grants & Contrib
General Revenues
Total Revneues
Expenses
Instruction
78,564,871
77,071,411
74,327,547
73,520,491
Inst. Resources
2,081,881
2,015,624
2,025,964
1,991,757
1,897,306
Curri. & Staff Develp
2,502,208
2,437,715
2,198,094
2,237,523
2,307,737
1,174,918
1,260,793
1,073,823
1,217,823
1,231,358
School Leadership
8,801,833
8,753,927
8,500,640
8,996,006
8,459,048
Guidance, & Eval. Serv
4,292,030
4,329,546
4,212,161
4,410,038
4,012,476
1,284,659
1,313,351
1,241,717
1,282,053
1,224,277
Health Services
1,600,081
1,692,471
1,658,182
1,701,183
1,411,981
Student (pupil) Trans
2,912,487
2,864,189
2,660,879
2,710,566
2,617,721
9,245,161
Food Services
10,253,653
9,857,813
9,079,151
9,956,781
Co-Curric. Activ.
2,235,027
2,093,528
1,805,838
1,596,490
1,557,785
General Admin.
3,310,000
3,145,837
3,129,475
3,177,339
3,203,197
Plant Maint. & Oper.
15,313,734
14,863,114
13,838,677
14,132,719
14,203,180
Security & Monit.
1,421,057
1,388,216
1,339,316
1,250,722
1,298,801
Data Process. Ser
1,633,260
1,366,838
1,368,501
1,611,403
1,939,296
238,034
237,181
237,578
349,550
368,179
9,548,702
9,501,499
9,112,567
9,235,569
10,410,226
129,703
117,978
76,404
230,683
205,882
-
-
-
-
-
147,298,139
144,311,031
137,886,514
139,608,696
134,681,275
16,857,030
13,370,124
94,972,465
81,500,613
(A)
68,151,183
(A)
66,918,716
(A)
64,723,550
94,870,737
$
81,500,615
$
67,453,821
$
66,918,716
Community Services
Debt Svr.-Int on Long Term Debt
Debt Svr.Bond Issuance Cost & Fees
Facilities Acquisition
Total Expenses
Beginning Net Assets
Ending Net Assets
(A)
111,829,495
$
13,349,432
535,105
(A) Restated net assests at September 1st
* Data for years earlier than 2002 is not available since GASB 34 was effective for fiscal year 2002 and later
102
2,195,166
2006
$
2005
238,022
$
207,434
2004
$
207,434
2003
$
169,735
2002
$
199,411
2,161,948
1,993,924
1,913,830
1,527,615
1,794,697
41,353,296
38,599,582
36,391,589
35,617,302
33,584,573
17,637,385
16,709,295
16,111,494
14,265,151
16,228,668
70,172,384
70,940,134
72,477,605
71,906,022
72,317,647
2,073,276
1,689,795
1,445,722
2,600,691
4,695,146
5,486
47,862
21,466
23,085
108,000
133,641,797
130,188,026
128,569,140
126,109,601
128,928,142
66,775,465
63,413,635
60,077,958
63,188,789
65,701,702
1,831,006
1,999,965
1,891,667
1,791,533
1,991,710
3,893,777
3,688,195
3,270,055
3,117,514
2,838,710
1,537,653
1,436,003
1,421,435
1,664,315
1,702,986
8,448,302
8,466,054
8,467,355
8,489,927
8,977,099
4,074,417
3,982,878
4,017,429
4,336,354
4,247,615
1,163,966
1,215,041
1,238,139
1,156,795
1,264,410
1,406,626
1,338,420
1,428,445
1,249,859
1,317,619
2,768,727
2,456,062
2,461,923
2,453,212
2,408,147
9,640,370
9,236,175
8,452,245
7,764,158
7,634,367
1,614,491
1,620,097
1,641,997
1,668,808
1,903,106
3,392,597
3,253,561
3,310,071
3,397,905
3,040,248
13,495,676
12,751,085
12,702,500
13,072,168
12,543,647
1,276,327
1,177,363
1,157,211
1,275,299
1,359,476
1,962,993
1,920,335
1,905,692
1,615,840
1,806,966
194,299
192,528
123,364
415,285
350,570
7,139,090
6,095,261
7,948,754
8,096,079
8,525,447
213,022
248,610
168,027
147,192
-
567,843
770,546
1,169,952
1,318,589
1,336,295
131,294,997
125,247,246
123,097,099
126,258,292
128,784,787
2,346,800
4,940,780
5,472,041
(A)
64,514,651
60,897,776
55,425,737
(A)
55,574,430
$
66,861,451
60,897,778
$
55,425,739
$
65,838,556
$
(148,691)
103
143,355
51,372,318
$
51,515,673
Fund Balances, Governmental Funds
(Unaudited)
Fiscal Year Ended August 31,
2011
2010
2009
2008
2007
General Fund
Reserved For:
Investments in Inventory
$
-
$
319,887
$
342,962
$
362,841
$
416,602
Outstanding Encumbrances
$
-
$
1,641,369
$
622,617
$
237,493
$
323,124
Food Service/Federal or State Funds
$
-
$
1,444,681
$
701,084
$
-
$
-
Long Term Investments
$
-
$
-
$
4,438,928
$
2,853,334
$
2,200,084
$
-
$
925,000
$
-
$
-
$
-
$
-
$
23,803,557
$
9,768,537
$
2,992,056
$
6,180,912
$
342,477
$
-
$
-
$
-
$
-
$
2,475,831
$
-
$
-
$
-
$
-
$
9,553,562
$
-
$
-
$
-
$
-
Unreserved Designated for:
Other Purposes
Unreserved and Undesignated:
Reported in the General Fund
Nonspendable:
Inventory
Federal or State Funds Grant Restriction
Assigned fund Balance:
Other Assigned fund Balance
Unassigned
General Fund Balance
$
31,393,511
$
-
$
-
$
-
$
-
$
43,765,381
$
28,134,494
$
15,874,128
$
6,445,724
$
9,120,722
Debt Service Fund
$
-
$
3,630,984
$
4,106,791
$
3,428,280
$
3,390,909
Capital Projects Fund
$
-
$
19,516,834
$
31,116,772
$
6,256,096
$
1,441,288
Special Revenue Fund
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
12,434,133
$
23,116,607
$
51,899,828
$
59,969,353
$
-
$
281,048
$
949,340
$
889,703
$
452,444
$
-
$
-
$
-
$
-
$
-
All Other Governmental Funds
Reserved, Reported in:
Unreserved Designated, Reported in:
Unreserved and Undesignated:
Nonspendable
Restricted:
Debt Service Fund
$
3,517,820
$
-
$
-
$
-
$
-
$
14,015,904
$
-
$
-
$
-
$
-
$
384,196
$
-
$
-
$
-
$
-
$
3,318,093
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
Committed
Assigned:
Debt Service Fund
Unassigned
Special Revenue Funds
All Other Governmental Funds Fund Balance
$
21,236,013
$
35,862,999
$
59,289,510
$
62,473,907
$
65,253,994
Total Fund Balances
$
65,001,394
$
63,997,493
$
75,163,638
$
68,919,631
$
74,374,716
Source: The District's Governmental Funds Balance Sheet
104
2006
2005
2004
2003
2002
$
377,957
$
425,223
$
338,120
$
381,061
$
$
1,238,506
$
231,070
$
144,191
$
271,378
$
382,624
510,924
$
281,123
$
567,525
$
852,293
$
725,888
$
441,744
$
1,489,542
$
814,836
$
164,000
$
-
$
-
$
1,643,497
$
11,756,198
$
11,758,495
$
12,142,806
$
10,610,503
$
6,880,003
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
15,143,326
$
13,797,149
$
13,641,410
$
11,988,830
$
9,858,792
$
2,584,104
$
2,032,384
$
1,507,706
$
1,268,935
$
1,172,442
$
4,722,424
$
10,051,563
$
31,751,474
$
40,108,641
$
34,346,352
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
8,157,472
$
8,411,662
$
8,896,250
$
28,353,846
$
55,591,917
$
6,091
$
34,892
$
40,136
$
107,156
$
135,834
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
15,470,091
$
20,530,501
$
42,195,566
$
69,838,578
$
91,246,545
$
30,613,417
$
34,327,650
$
55,836,976
$
81,827,408
$
101,105,337
105
Statement of Revenues and Expenditures in Governmental Funds
(Unaudited)
REVENUES:
Local and Intermediate Sources
Real and Personal Property Taxes
Tuition & Fees From Patrons
Co-Curricular Activities
Other Revenue from Local Sources
Revenue From Intermediate Sources
Total
State Sources
Per Capita & Foundation
Debt Allotment
Teacher Retirement/TRS On-Behalf Payments
Other State Programs
Total
Federal Sources
Federally Distributed
Total
Total Revenues
EXPENDITURES:
Instruction
Curriculum & Instructional Staff Development
School Leadership
Attendance & Social Work Services
Health Services
Student (Pupil) Transportation - Regular
Cocurricular/Extracurricular Activities
Food Services
Debt Services
Principal
Interest
Plant Maintenance & Operations
Security and Monitoring
Facilities Acquisition & Construction
Community Services
Payments to Fiscal Agents
Juvenile Justice Alternative Education Program
Total Expenditures
2011
$
2010
18,932,429
254,873
803,213
3,206,936
23,197,450
$
18,499,955
256,923
743,446
3,718,394
23,218,717
2009
$
2008
18,919,133
217,969
791,154
4,576,236
24,504,492
$
2007
16,607,486
196,174
867,948
5,376,464
23,048,072
$
18,527,874
296,228
856,368
11,036,537
30,717,008
85,579,278
11,683,419
5,178,370
21,755
102,462,824
83,982,860
12,289,939
5,014,155
22,116
101,309,071
86,449,973
12,612,572
4,628,626
17,600
103,708,771
78,717,749
12,888,358
4,548,543
18,889
96,173,539
73,301,523
13,269,424
4,244,411
26,526
90,841,885
38,305,207
38,305,207
32,500,015
32,500,015
22,778,108
22,778,108
20,843,935
20,843,935
20,334,888
20,334,888
163,965,481
157,027,803
150,991,371
140,065,546
141,893,781
74,342,272
1,961,535
2,465,731
1,169,088
8,343,214
4,106,619
1,224,798
1,489,218
2,659,506
9,806,889
2,143,629
3,195,157
73,081,201
1,897,705
2,403,544
1,246,420
8,296,772
4,109,344
1,254,095
1,583,456
2,793,332
9,398,274
2,001,516
2,983,009
70,376,607
1,909,377
2,165,324
1,069,578
8,052,495
4,015,042
1,184,257
1,551,192
2,389,717
8,621,580
1,711,010
3,011,810
69,568,997
1,884,006
2,203,704
1,229,352
8,581,625
4,251,985
1,232,440
1,599,230
2,465,478
9,521,790
1,508,478
3,061,151
66,517,221
1,820,504
2,311,895
1,277,349
8,230,745
3,958,155
1,186,167
1,353,291
3,448,616
8,940,194
1,482,317
3,214,108
6,266,564
9,856,437
118,514
14,106,923
1,373,250
15,422,818
2,081,861
235,386
289,289
105,685
$ 162,764,383
6,150,079
9,542,926
1,514,707
13,907,249
1,408,085
36,770,909
1,480,319
234,008
237,543
92,514
$ 182,387,007
6,194,751
9,263,625
28,715
13,212,772
1,314,274
6,866,027
1,300,042
235,213
207,361
71,415
$ 144,752,184
5,823,647
9,564,187
38,211
12,902,758
1,231,091
6,615,270
1,576,062
322,733
230,736
107,876
$ 145,520,807
5,585,246
9,476,707
681,017
13,045,692
1,332,022
12,441,527
1,865,491
366,060
124,106
96,675
$ 148,755,105
Debt Service as a Percentage of
Operating Expenditures
12.3%
12.1%
12.6%
12.4%
12.5%
Capital Outlay as a Percentage of
Operating Expenditures
11.9%
28.5%
5.6%
4.8%
10.6%
Source: The District's Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balance
Note:
Operating expenditures exclude debt service and capital outlay amounts
106
2006
$
2005
17,944,022
106,979
276,336
3,737,851
22,065,188
$
2004
16,488,502
802,361
3,407,796
20,698,659
$
16,006,152
83,879
753,845
2,680,138
19,524,014
2003
$
14,702,346
82,458
654,338
3,484,682
18,923,824
2002
$
13,968,025
315,360
946,290
5,313,920
17
20,543,612
70,172,386
9,446,234
3,931,562
3,511,338
87,061,521
70,940,134
9,376,849
3,894,946
3,514,621
87,726,550
72,337,100
9,770,827
3,538,143
3,440,057
89,086,127
71,906,022
9,794,621
3,871,304
5,193,292
90,765,239
72,317,647
10,142,167
3,956,368
3,352,943
89,769,125
24,464,160
24,464,160
21,813,166
21,813,166
19,783,067
19,783,067
16,758,085
16,758,085
16,133,089
16,133,089
133,590,869
130,238,375
128,393,208
126,447,148
126,445,826
64,323,157
1,766,841
3,873,491
1,468,959
8,196,984
4,013,894
1,114,054
1,345,806
2,525,621
1,535,266
9,312,185
3,387,039
62,231,069
1,963,025
3,693,544
1,471,016
8,349,020
4,013,484
1,200,214
1,311,187
2,356,146
1,438,538
9,016,757
3,272,695
59,309,555
1,940,099
3,268,350
1,715,542
8,434,128
4,063,264
1,221,856
1,422,151
2,198,937
1,557,191
8,331,639
3,314,601
61,594,438
1,768,862
3,221,009
1,648,291
8,226,316
4,085,828
1,112,626
1,198,032
2,253,870
1,602,676
7,467,861
3,356,856
62,802,585
1,890,546
2,629,283
1,423,064
8,424,312
3,921,689
1,229,524
1,242,455
2,156,835
1,793,962
7,121,793
3,002,192
4,975,866
7,209,692
35,542
12,982,367
1,250,301
6,793,580
1,998,054
192,997
171,618
69,750
$ 138,543,064
4,497,906
6,769,996
825,071
12,618,150
1,160,756
23,502,463
1,914,565
189,572
124,127
66,150
$ 151,985,451
4,518,071
8,016,769
23,244
12,398,092
1,127,293
29,233,955
1,847,679
122,411
140,590
28,080
$ 154,233,497
4,397,402
7,934,134
107,984
12,703,741
1,371,269
39,751,023
1,571,367
412,942
139,657
81,640
$ 166,007,824
7,574,272
8,658,164
12,324,035
1,334,167
36,169,637
1,954,430
352,610
100,000
115,047
$ 166,220,602
10.2%
9.6%
11.1%
10.7%
14.2%
5.4%
19.5%
24.9%
33.7%
30.9%
107
Harlandale School District
Assessed and Estimated Actual Value of Property
Last Ten Years
(Unaudited)
Assessed Value
Fiscal
Year
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Source:
Real
Property
*
*
*
*
*
*
*
*
*
*
655,814,955
737,912,348
774,579,868
854,033,996
922,027,628
1,033,183,090
1,183,206,573
1,300,277,558
1,251,485,839
1,175,091,498
Personal
Property
Total
126,329,470
124,024,790
133,882,310
130,902,420
133,202,608
123,191,476
129,732,484
98,065,538
90,092,493
78,449,167
782,144,425
861,937,138
908,462,178
984,936,416
1,055,230,236
1,156,374,566
1,312,939,057
1,398,343,096
1,341,578,332
1,253,540,665
* Bexar County Tax Assessor/Collector October 1 Tax Roll
** per $100 of Assessed Valuation
108
Percentage
Assessed to
Estimated Fair
Market Value
Total
Direct
Tax
Rate
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
1.7560
1.7560
1.7560
1.7560
1.7560
1.7000
1.3490
1.4790
1.4790
1.6048
Property Tax Exemptions
Estimated
Actual
1,030,213,527
1,124,080,168
1,169,302,381
1,240,787,630
1,323,734,075
1,442,087,204
1,633,162,503
1,710,962,027
1,649,564,495
1,559,666,250
State
229,183,623
241,677,303
239,146,038
233,908,855
246,234,792
263,541,679
297,950,233
290,161,981
284,830,962
283,082,557
Local
18,885,479
20,465,727
21,694,165
21,942,359
22,269,047
22,170,959
22,273,213
22,456,950
23,155,201
23,043,028
109
Net
Assessed
Value
782,144,425
861,937,138
908,462,178
984,936,416
1,055,230,236
1,156,374,566
1,312,939,057
1,398,343,096
1,341,578,332
1,253,540,665
Schedule of Principal Taxpayers
Current Year and Ten Years Ago
(Unaudited)
2011
Assessed
Valuation
Name
Zachry Properties LLC
Wal Mart Stores Inc #2404
HEB Grocery Company LP
Time Warner Cable San Antonio LP
B & B South Park Mall LLC
Shoppers City LLC
Southwest Junction LTD
Santikos Legacy LTD
Wells Fargo Equipment finance
Southwestern Bell Telephone
Percentage
of Total
Assessed
Valuation
$
31,237,290
25,713,660
23,276,240
9,900,212
9,529,623
8,200,000
8,068,942
7,799,400
7,491,790
7,083,710
Pak Mor Mfg.
Bexar Bellaire Apt
K-Mart/W-D Enterprises
2.49%
2.05%
1.86%
0.79%
0.76%
0.65%
0.64%
0.62%
0.60%
0.57%
$
-
$ 138,300,867
11.03%
Source: Principal Taxpayers - Bexar Appraisal District as of August 2011
Total assessed valuation equals:
2002
Assessed
Valuation
$ 1,253,540,665
111
$
Percentage
of Total
Assessed
Valuation
15,966,840
14,082,560
16,937,270
8,112,200
4,638,132
7,652,700
15,089,180
1.27%
1.12%
1.35%
0.65%
0.37%
0.00%
0.61%
0.00%
0.00%
1.20%
5,236,200
5,201,200
4,291,630
0.42%
0.41%
0.34%
97,207,912
7.75%
Direct and Overlapping Property Tax Rates
(Per $100 of Assessed Value)
Last Ten Years
(Unaudited)
2011
2010
2009
2008
2007
$ 1.170000
$ 1.170000
$ 1.170000
$ 1.040000
$ 1.370000
Direct Tax Rate
Maintenance and Operations
Debt Service
0.434800
0.309000
0.309000
0.309000
0.330000
$ 1.604800
$ 1.479000
$ 1.479000
$ 1.349000
$ 1.700000
$ 0.141623
$ 0.135855
$ 0.135855
$ 0.135855
$ 0.134550
Bexar County
0.296187
0.296187
0.296187
0.289399
0.295104
City of San Antonio
0.565690
0.565690
0.565690
0.567140
0.572300
University Health System
0.276235
0.266235
0.266235
0.261022
0.237406
Total Overlapping Tax Rates
1.279735
1.263967
1.263967
1.253416
1.239360
$ 2.884535
$ 2.742967
$ 2.742967
$ 2.602416
$ 2.939360
Total Direct Tax Rate
Overlapping Tax Rates
Alamo Community College District
Total Direct and Overlapping Tax Rate
Source: Bexar County Tax Assesor/Collector
112
2006
2005
2004
2003
2002
$ 1.500000
$ 1.500000
$ 1.500000
$ 1.500000
$ 1.500000
0.256000
0.256000
0.256000
0.256000
0.256000
$ 1.756000
$ 1.756000
$ 1.756000
$ 1.756000
$ 1.756000
$ 0.107050
$ 0.107050
$ 0.107050
$ 0.107100
$ 0.104600
0.318471
0.318470
0.320952
0.317571
0.320756
0.578540
0.578540
0.578540
0.578540
0.578540
0.243869
0.243869
0.243869
0.243869
0.243869
1.247930
1.247929
1.250411
1.247080
1.247765
$ 3.003930
$ 3.003929
$ 3.006411
$ 3.003080
$ 3.003765
113
Property Tax Levies and Collections
Last Ten Years
(Unaudited)
Fiscal
Year
Taxes Levied
for the
Fiscal Year *
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
13,845,375
14,445,133
15,919,149
16,371,894
17,199,624
18,158,347
16,414,163
18,878,897
17,865,774
18,645,461
Current
Collections
12,932,250
13,693,090
14,799,957
15,311,098
16,388,150
17,217,558
15,347,939
17,614,294
16,942,802
17,708,689
Percentage
of Levy
93.40
94.79
92.97
93.52
95.28
94.82
93.50
93.30
94.83
94.98
Collections
in Subsequent
Years
%
%
%
%
%
%
%
%
%
%
Source: Tax Roll October 1
Bexar County Tax Assessor/Collector
HISD Financial Statements
* Tax levies include to date adjustments to the original levy.
115
648,020
752,043
751,386
745,715
704,040
778,828
887,272
960,428
483,865
-
Total Collections to Date
Percentage
Amount
of Levy
13,580,270
14,445,133
15,551,343
16,056,813
17,092,190
17,996,386
16,235,211
18,574,722
17,426,667
17,708,689
98.09
100.00
97.69
98.08
99.38
99.11
98.91
98.39
97.54
94.98
%
%
%
%
%
%
%
%
%
%
Ratio of Net General Obligation Bonded Debt
to Assessed Value and Net General Obligation Bonded Debt
Per Average Daily Membership
Last Ten Years
(Unaudited)
Fiscal
Year
*
Average
Daily
Attendance
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
13,458
13,183
13,004
13,042
13,135
12,976
12,954
13,117
13,176
13,442
**
Estimated
Population
67,943
67,943
67,943
67,943
67,943
67,943
67,943
67,943
67,943
66,814
Assessed
Value
782,144,425
861,937,138
908,462,178
984,936,416
1,055,230,236
1,156,374,566
1,312,939,057
1,398,343,096
1,341,578,332
1,253,540,665
Bonded
Debt
Total
165,348,297
161,200,498
157,033,856
154,034,723
149,243,865
196,115,252
190,539,227
184,596,108
208,479,283
202,207,719
***
Less: State
Assistance
IFA/EDA
Bonded Debt
Net of
IFA/EDA
138,885,699
130,482,373
127,023,643
124,581,529
120,616,615
157,906,749
153,306,528
148,411,181
167,338,188
162,187,456
26,462,598
30,718,125
30,010,213
29,453,194
28,627,250
38,208,503
37,232,699
36,184,927
41,141,095
40,020,263
* Average Daily Attendance is the District-wide average daily attendance of students.
** Source: San Antonio Government Census Division - Population within District boundaries.
*** A projection based upon receiving State funding payments from the
Instructional Facilities allotment (IFA) and Existing Debt Allotment (EDA)
program which is subject to annual approriation.
116
Bonded
Debt
Net of
IFA/EDA
to
Assessed
Valuation
Net Debt
Debt
Service
Fund Fund
Balance
Net
Bonded
Debt
1,172,444
1,268,935
1,507,706
2,032,384
2,584,104
3,390,909
3,428,280
4,106,791
3,630,984
3,517,820
Per
Average
Daily
Attendance
Ratio to
Assessed
Valuation
Per
Capita
1,879
2,234
2,192
2,103
1,983
2,683
2,610
2,446
2,847
2,716
3.23%
3.42%
3.14%
2.78%
2.47%
3.01%
2.57%
2.29%
2.80%
2.91%
372
433
420
404
383
512
498
472
552
546
25,290,154
29,449,190
28,502,507
27,420,810
26,043,146
34,817,594
33,804,419
32,078,136
37,510,111
36,502,443
HISD Net Debt Per Capita
HISD Net Debt Ratio to Assessed Valuation
0.04
0.04
0.03
0.03
0.02
0.02
0.01
0.01
0.00
600
Net Debt Dollars
500
400
300
200
2011
2010
2009
2008
2007
2006
2005
2004
2002
117
2003
0
2011
2010
2009
2008
2007
2006
2005
2004
2003
100
2002
Percentage
3.38%
3.56%
3.30%
2.99%
2.71%
3.30%
2.84%
2.59%
3.07%
3.19%
Outstanding Debt by Type
Last Ten Years
(Unaudited)
Fiscal
Year
General
Obligation
Bonds
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
114,779,994
113,585,000
112,345,000
39,850,850
39,334,387
51,223,140
48,645,000
47,875,001
65,550,000
60,635,000
Capital
Appreciation
Bonds
10,878,303
12,070,498
12,063,856
10,973,328
10,972,566
10,447,107
9,899,221
8,746,102
7,714,281
6,682,720
Capital
Leases
1,237,170
1,052,158
699,549
525,694
406,735
282,122
151,581
28,257
-
* Per Capita is the debt per District resident.
118
Loans
105,000
80,000
55,000
30,000
-
Contractual
Obligations
1,280,000
1,119,878
983,134
841,216
-
Maintenance
Tax
16,000,000
16,000,000
16,000,000
16,000,000
16,000,000
16,000,000
16,000,000
-
*
Per
Capita
Refunding
Bonds
Total
Debt
39,690,000
35,545,000
32,625,000
102,360,000
99,105,000
134,445,000
131,995,000
127,975,000
135,215,000
134,890,000
166,690,467
178,332,656
173,788,405
169,739,872
167,098,688
213,517,247
207,673,936
201,465,576
208,479,281
202,207,720
119
2,453
2,625
2,558
2,498
2,459
3,143
3,057
2,965
3,068
2,976
Legal Debt Margin
Last Eight Fiscal Years
(Unaudited)
COMPUTATION:
Net Taxable Assessed Valuation for 2010
2011
2010
$ 1,253,540,665
$
2009
1,341,578,332
$
2008
1,398,343,096
$
2007
1,312,939,057
$
1,156,374,566
Collections Rate on Property Taxes
90%
90%
90%
90%
90%
State Maximum Tax Rate Levy on "New Debt"
0.50
0.50
0.50
0.50
0.50
Maximum Debt Service Collection for New Debt
5,640,933
6,037,102
6,292,544
5,908,226
5,203,686
Tier 2 Funding
5,464,454
5,466,647
7,798,470
7,694,360
22,465,630
Existing Debt Allotment
6,340,214
1,397,203
1,414,743
1,332,585
1,380,308
Instructional Facilities Allotment
4,876,492
9,672,198
9,871,195
10,155,283
10,395,354
Add: State Assistance for debt service:
Maximum Debt Service Demonstrated to pay at a rate of $0.50
$
22,322,093
$
22,573,150
$
25,376,952
$
25,090,454
$
39,444,978
Debt Service Requirements on New Debt for Year Ended August 31, 2010:
Existing Debt
-
-
-
-
-
1998 Bond Issue
-
262,913
525,825
2,126,425
2,327,575
2000 Bond Issue
-
924,985
942,970
1,947,220
1,949,470
2001 Bond Issue
1,650,000
1,650,000
1,650,000
275,000
225,000
2001 Refunding Bond Issue
1,588,979
1,532,151
1,663,103
1,660,290
2,470,040
-
-
-
263,413
300,160
4,536,568
2,649,228
3,630,355
2,070,355
2,070,355
1,654,989
912,969
1,656,301
1,656,101
1,655,751
2006 Bond Issue
3,181,950
1,989,475
3,179,750
3,179,350
3,182,950
1,746,280
936,990
1,746,680
1,746,580
742,091
847,100
710,623
-
-
-
2009 QSCB Bond Issue
412,906
-
-
-
-
475,400
-
-
-
-
28,831
-
-
-
-
Total Debt Service Requirement on New Debt
Difference Between Maximum Debt Service and Debt Service Requirement on New Debt
$
16,123,001
$
11,569,334
$
14,994,984
$
14,924,734
$
14,923,392
$
6,199,092
$
11,003,817
$
10,381,968
$
10,165,720
$
24,521,585
A school district is authorized to issue bonds and levy taxes for payment of bonds subject to voter approval under Section 45.003 (b)(1) which provides for the
levy of a tax, unlimited as to rate or amount, for the support of school district bonded indebtedness.
Section 45.003(e), Texas Education Code, as amended, requires a district to demonstrate to the Texas Attorney General it has the prospective ability to pay debt
service on a proposed issue of bonds, together with the debt service on all other outstanding "new debt" from a tax levied at a rate of $.50 per $100 of assessed
valuation before the bonds may be issued, In demonstrating the ability to pay debt service at a rate of $0.50, a district may take into account State allotment to
the district which effectively reduces the district local share of debt service. Once the prospective ability to pay the "new debt" from such tax has been shown
and the bonds are issued, a district may levy an unlimited tax to pay debt service, if required. Taxes levied to pay debt service to pay bonds approved by district
voters at an election held on or before April 1, 1991 and issue before September 1, 1992 (or debt issued to refund such bonds) are not subject to the foregoing
threshold tax rate test.
120
2006
2005
$ 1,055,230,236
$
2004
$ 984,936,416
2003
$ 908,462,178
2002
$ 861,937,138
$ 782,144,425
90%
90%
90%
90%
90%
0.50
0.50
0.50
0.50
0.50
4,748,536
4,432,214
4,088,080
3,878,717
3,519,650
25,901,167
26,254,525
27,091,896
28,230,833
28,400,388
1,308,617
1,388,005
1,451,450
1,459,803
1,493,055
8,137,617
8,086,832
8,319,377
8,383,642
8,508,409
40,095,937
$
40,161,576
-
-
$
40,950,803
$
-
41,952,995
$
41,921,502
-
1,608,080
2,512,325
2,531,375
3,264,684
3,280,284
3,302,309
1,949,470
939,970
3,659,200
3,659,500
3,657,200
225,000
3,207,990
3,628,175
3,443,217
3,438,575
3,231,390
-
-
-
-
300,160
1,405,795
1,413,095
1,421,495
-
2,070,355
2,070,355
-
-
-
1,655,751
1,655,251
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$
11,944,451
$
11,810,736
$
11,965,154
$
11,804,496
$
12,006,164
$
28,151,486
$
28,350,840
$
28,985,649
$
30,148,499
$
29,915,338
121
Schedule of Direct and Estimated Overlapping Debt
(Unaudited)
Estimated Overlapping Debt
Net Debt
Obligation (1)
Taxing Body
Bexar County
City of San Antonio
San Antonio River Authority
Alamo Community College District
$
As of
Percentage(2)
Amount
879,840,000
09/30/10
1.61%
$ 14,148,097
1,216,825,744
09/30/10
2.20%
26,752,752
38,225,000
09/30/10
1.55%
592,850
519,743,778
09/30/10
1.55%
8,081,601
$ 49,575,300
Harlandale Independent School District (net of Debt Service Fund)
Less: State funding support from IFA and EDA programs (3)
$202,207,719
(162,187,456)
40,020,263
$ 89,595,563
(1) Source: Individual taxing body.
(2) The percentage of overlapping debt applicable is estimated using taxable assessed property values.
Applicable percentages were estimated by determining the portion of the District's taxable assessed value that
is within or a part of the respective government's boundaries and dividing it by their total taxable assessed value.
(3) A projection based upon receiving State funding payments from the
Instructional Facilities Allotment (IFA) and Existing Debt Allotment (EDA)
program which is subject to annual appropriation.
122
Demographic and Economic Statistics
Last Ten Years
August 31, 2011
(Unaudited)
Fiscal
Year *
2002
2003
2004
2005
2006
2007
2008
2009
2010 *
2011 *
Personal
Income
(thousands of
Population (1) dollars) (1)
1,441,574
1,466,101
1,492,361
1,516,586
1,555,192
1,594,493
1,622,899
1,685,628
1,714,773
-
39,571,644
41,451,742
44,018,496
46,776,585
51,588,829
54,324,033
56,891,253
60,220,178
-
Per
Capita
Personal
Income
27.450
28.273
29.496
30,843
33,172
34,163
35,090
36,465
-
Unemployment
Rate (2)
6.00%
6.50%
5.70%
5.00%
4.90%
4.20%
5.10%
7.20%
7.80%
7.90%
Average
Daily
Attendance
13,458
13,183
13,004
13,082
13,135
12,976
12,954
13,177
13,176
13,442
Source:
1.) Bureau of Economic Analysis
US Department of Commerce
2.) Labor Market & Career Information
Texas Workforce Commission
* Information not available for population, personal income & per capita personal income
123
Principal Employers
Current Year and Ten Years Ago
(Unaudited)
Employer
2011
Percentage
of Total
Employees Employment
Harlandale ISD
H B Zachry Co.
Santikos Legacy LTD
Time Warner Cable San Anto
2,158
Total
Total District Population:
Employer
2002
Approximate Percentage
Range of
of Total
Employees Employment
950
400
350
50
8
3.23%
1.42%
0.60%
0.52%
0.07%
0.01%
Harlandale ISD
H B Zachry Co.
Santikos Legacy LTD
Time Warner Cable San Ant
2,056
910
350
327
80
8
3.03%
1.36%
0.52%
0.49%
0.12%
0.01%
3,916
5.86%
Total
3,731
5.49%
66,814
Total District Population:
Source: Individual Employers
124
67,943
Full Time Equivalents (FTE) Employees
(Unaudited)
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
964.0
192.1
61.7
24.0
1,241.8
975.0
155.1
61.0
25.0
1,216.1
950.8
148.1
57.5
25.0
1,181.4
957.6
163.4
66.2
24.0
1,211.2
953.9
169.4
49.3
20.0
1,192.6
959.9
180.5
47.2
22.0
1,209.6
950.3
192.5
55.3
24.0
1,222.1
942.0
182.2
54.0
22.0
1,200.2
983.4
194.4
56.1
25.0
1,258.9
993.0
207.5
60.1
14.0
1,274.6
Educational Aides
141.0
194.0
199.6
195.0
192.8
207.0
199.0
180.0
201.4
211.0
Auxiliary Staff
694.3
634.1
614.6
660.4
651.0
658.2
664.4
707.0
717.9
200.0
2,077.1
2,044.2
1,995.6
2,066.6
2,036.4
2,074.8
2,085.5
2,087.2
2,178.2
1,685.6
Pupil to Staff Ratio
7.18
7.28
7.27
6.95
6.97
6.93
6.78
6.78
6.63
8.67
Student Enrollment
14,913
14,875
14,512
14,371
14,196
14,388
14,136
14,151
14,434
14,620
Professional Staff
Teachers
Professional Support
Campus Administration
Central Administration
Total Professional Staff
Total Staff
Data for years earlier than 2001 are not readily available.
125
Harlandale Independent School Distirct
Employees by Function
Last Eight Fiscal Years
(Unaudited)
11
12
13
21
23
31
32
33
34
35
36
41
51
52
53
61
Instruction
Curriculum & Instructional Staff Development
School Leadership
Health Services
Food Services
Cocurricular/Extracurricular Activities
Community Service
Pupil to Teacher Ratio
Pupil to Staff Ratio
2011
1,236
32
20
21
160
57
19
43
79
183
3
44
208
31
19
3
2158
2010
1246
32
19
22
148
54
19
28
84
188
3
43
216
33
21
3
2159
2009
1102
32
16
20
143
55
20
27
81
179
3
42
222
30
21
3
1996
2008
1239
34
5
6
91
57
22
29
85
186
1
49
231
13
19
3
2070
2007
1224
34
4
6
94
57
14
25
84
186
1
48
231
15
13
3
2039
2006
1267
32
1
6
96
47
15
26
82
163
1
32
279
13
14
2
2076
2005
1293
31
9
6
83
53
15
25
80
166
1
36
263
10
14
2
2087
2004
1254
26
6
5
84
54
15
24
79
136
1
47
329
13
14
3
2090
15.5
14.9
15.1
11.6
11.6
11.4
10.9
11.3
6.7
6.7
7.3
7.0
7.0
6.9
6.8
6.8
* Data for years earlier than 2004 are not readily available.
126
Nutrition Services - Facts and Figures
(Unaudited)
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
1,564,706
Student lunches served:
1,728,655
1,680,587
1,621,006
1,584,710
1,576,592
1,594,926
1,557,972
1,563,510
1,582,279
Reduced
Free
229,004
222,648
214,749
213,905
207,638
210,226
205,555
208,899
209,316
208,759
Fully paid
303,450
295,015
284,555
297,872
286,575
289,010
278,250
280,119
279,811
279,010
2,261,109
2,198,250
2,120,310
2,096,487
2,070,805
2,094,162
2,041,777
2,052,528
2,071,406
2,052,475
1,281,026
Total
Student breakfast served:
Free
1,906,322
1,849,902
1,812,836
1,778,396
1,786,432
1,789,072
1,783,475
1,697,400
1,328,893
Reduced
233,205
226,307
221,778
215,993
209,928
209,443
210,409
204,709
144,506
139,676
Fully paid
299,900
291,034
285,194
300,526
298,296
296,160
296,549
281,677
176,032
168,475
2,439,427
2,367,243
2,319,808
2,294,915
2,294,656
2,294,675
2,290,433
2,183,786
1,649,431
1,589,177
177
177
177
177
177
177
177
177
177
177
Student lunch
12,626
12,145
11,979
11,845
11,699
11,831
11,535
11,596
11,703
11,596
Student breakfast
13,698
13,079
13,106
12,966
12,964
12,964
12,940
12,338
9,319
8,978
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Total
Number of serving days:
Regular Schedule
Average daily participation:
Percentage of students on:
Free lunch
Note: The District is on Provision 2, which requires all students to be served lunch and breakfast free of charge.
Source: The information was compiled from the monthly reimbursement claim forms submitted to the
Texas Department of Agriculture for each respective year.
127
Student Enrollment Statistics
Last Ten Years
(Unaudited)
Fiscal
Year
Student
Membership
Average
Student
Attendance
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
14,620
14,434
14,151
14,136
14,388
14,196
14,371
14,512
14,875
14,913
13,458
13,183
13,004
13,083
13,135
12,976
12,954
13,117
13,176
13,442
* Source: District Statement of Activities (Exhibit B-1)
128
Attendance
Percentage
92.1%
91.3%
91.9%
92.6%
91.3%
91.4%
90.1%
90.4%
88.6%
90.1%
* Expense
per
Student
8,809
8,747
8,699
8,860
9,125
9,487
9,715
9,502
9,702
9,877
Capital Asset Information
August 31, 2011
(Unaudited)
(Sq Footage)
Building
Capacity
Percentage of
Capacity
Adams
Bellaire
Carroll Bell
Carroll Bell Addition Renovation
Carroll Bell New Addition
Collier
Columbia Heights
Gilbert
Gillette
Morrill
Rayburn
Scheh Center
Schulze
Stonewall/Flanders
Vestal
Vestal East Building
Vestal West Building
92,922
85,200
55,477
100%
100%
100%
63,152
71,482
81,637
62,470
74,736
76,625
65,788
80,536
76,700
65,936
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Wright
60,431
100%
2005
146,826
100%
104,010
100%
108,266
100%
103,773
100%
1929
2002
2003
1968
2003
2001
1953
2001
2003
1955
2003
2003
252,898
100%
275,699
100%
32,160
19,680
57,451
100%
100%
100%
School
Building
(Year Built)
Building
Age
ELEMENTARY SCHOOLS
MIDDLE SCHOOLS
Harlandale
Harlandale Science Tech Bldg.
Harlandale Addition & Renovation
Kingsborough
Kingsborough Addtion
Kingsborough Addtion
Leal
Leal Science Building
Leal Classroom Addition
Terrell Wells
Terrell Wells Academic Building
Terrell Wells Science Building
2007
2005
1958
2002
2001
2002
2007
2007
2002
2005
2005
1955
2006
2003
1965
2003
2002
HIGH SCHOOLS
Harlandale
Harlandale Science Building
Harlandale Cafeteria Building
McCollum
McCollum Science Building
McCollum Cafeteria
McCollum Classroom Addition
Tejeda Academy
Charles Boggess Center
Fenley Building
Fenley Addition
Source: District facility design documents.
129
1951
2003
2004
1964
2001
2006
2005
1997
1997
1953
2002
Teacher Base Salaries
Last Ten Years
(Unaudited)
Fiscal
Year
Minimum
Salary
Maximum
Salary
State
Minimum
Salary
Sate
Maximum
Salary
2002
33,200
48,470
24,240
40,800
2003
34,000
49,100
24,240
40,800
2004
34,000
49,738
24,240
40,800
2005
35,000
50,310
24,240
40,800
2006
35,000
50,720
24,820
41,770
2007
41,600
61,308
27,320
44,720
2008
42,100
61,708
27,320
44,270
2009
42,700
62,446
27,320
44,270
2010
45,000
65,004
27,320
44,270
2011
45,000
65,004
27,320
44,270
Source:
State Minimum Salary Information Obtained from TEA Web site.
HISD Salary Information obtained from HISD Dept. of Human Resource
130
Federal
Section
San Antonio, Texas
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
SECTION I --- SUMMARY OF AUDITORS’ RESULTS
Type of auditor’s report issued:
Unqualified
Internal control over financial reporting:
 Material weakness (es) identified?
Yes
 Significant control deficiency(ies) identified not considered
to be material weaknesses?
Yes
Noncompliance material to financial statements noted?
Yes
X
No
Internal control over major programs:
 Material weakness (es) identified?
Yes
X
No
 Significant control deficiency(ies) identified not considered
to be material weaknesses?
Yes
X
No
X None
Reported
Federal Awards
Type of auditor’s report issued on compliance for major programs:
Any audit findings disclosed that are required to be reported in
accordance with Circular A-133, Section. 510(a)?
(Continued)
139
X None
Reported
Unqualified
Yes
X
No
San Antonio, Texas
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Identification of Major Programs
CFDA Numbers(s)
Name of Federal Program or Cluster
84.010
84.389
Title I, Part A Cluster:
Title I, Part A of the ESEA
Title I, Grants to LEA’s, Recovery Act
84.394
Title XIV – State Fiscal Stabilization Fund – Recovery Act
84.027
84.173
84.391
84.392
Special Education Cluster (IDEA):
IDEA, Part B Formula
IDEA, Part B Preschool
IDEA, Part B – Recovery Act
IDEA, Part B Preschool – Recovery Act
84.410
Education Jobs Fund
Dollar threshold used to distinguish between Type A and Type B
programs:
Auditee qualified as low-risk auditee?
$1,074,603
X Yes
No
SECTION II --- FINANCIAL STATEMENT FINDINGS
There were no financial statement findings required to be reported in accordance with Government Auditing Standards.
SECTION III --- FEDERAL AWARD FINDINGS AND QUESTIONED COSTS
There were no Federal award findings and questioned costs required to be reported by OMB Circular A-133, Section
.510(a).
141
San Antonio, Texas
SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS
There were no prior year findings reported.
143
EXHIBIT I-1 (Cont'd)
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
(1)
FEDERAL GRANTOR/
PASS-THROUGH GRANTOR/
PROGRAM or CLUSTER TITLE
(2)
Federal
CFDA
Number
(3)
Pass-Through
Entity Identifying
Number
(4)
Federal
Expenditures
U.S. DEPARTMENT OF INTERIOR ENVIRONMENT
Passed Through State Department of Education
Clean School Bus USA
Total Passed Through State Department of Education
66.036
SB-96666301-0
TOTAL U.S. DEPARTMENT OF INTERIOR ENVIRONMENT
$
$
23,668
23,668
$
23,668
$
$
41,576
41,576
$
41,576
$
$
108,360
108,360
$
108,360
$
833,359
5,152,750
96,836
3,748
6,086,693
U.S. DEPARTMENT OF JUSTICE
Direct Programs
Community Oriented Policing Services
Total Direct Programs
16.710
299RKWX0813
TOTAL U.S. DEPARTMENT OF JUSTICE
U.S. DEPARTMENT OF DEFENSE
Direct Programs
Junior ROTC Program
Total Direct Programs
12.000
N/A
TOTAL DEPARTMENT OF DEFENSE
U.S. DEPARTMENT OF EDUCATION
Passed Through State Department of Education
*ESEA, Title I, Part A - Improving Basic Programs
ESEA, Title I - School Improvement
Total CFDA Number 84.010A
84.010A
84.010A
84.010A
84.010A
10610101015904
11610101015904
12610101015904
10610104015904001
*ESEA, Title I, A - ARRA -Improving Basic Programs
ESEA, Title I, SIP - ARRA/Stimulus
Total Title I, Part A Cluster
84.389
84.389A
10551001015904
10551004015904001
ESEA, Title I, Part C - Migratory Children
ESEA, Title I, Part C - Migratory Children
Total CFDA Number 84.011
84.011
84.011
10615001015904
11615001015904
*IDEA - Part B, Formula
*IDEA - Part B, Formula
84.027
84.027
106600010159046600
116600010159046600
323,465
2,519,500
2,842,965
*IDEA - Part B, Preschool
*IDEA - Part B, Preschool
84.173
84.173
106610010159046610
116610010159046610
2,351
26,796
29,147
*IDEA, Part B, Formula - ARRA
*IDEA, Part B, Preschool - ARRA
Total Special Education Cluster (IDEA)
84.391
84.392
10554001015904
10555001015904
1,801,085
56,783
4,729,980
Career and Technical - Basic Grant
Career and Technical - Basic Grant
84.048
84.048
11420006015904
12420006015904
204,826
14,845
219,671
ESEA Title IV, Pt. A - Safe and Drug-Free Schools
*ESEA, Title X, Part C -Homeless Children
84.186A
84.196
10691001015904
00010
10,214
54,894
144
2,516,613
1,211
8,604,517
15,099
58,792
73,891
EXHIBIT I-1
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
(1)
FEDERAL GRANTOR/
PASS-THROUGH GRANTOR/
PROGRAM or CLUSTER TITLE
(2)
Federal
CFDA
Number
(3)
Pass-Through
Entity Identifying
Number
(4)
Federal
Expenditures
*Title II, Part D -Enhancing Ed Through Technology
*Title II D Enhancing Ed Through Technology - ARRA
Total Educational Technology State Grants Cluster
84.318
84.386
10630001015904
10553001015904
1,243
36,703
37,946
Title III, Part A - English Language Acquisition
ESEA, Title II, Part A, Teacher/Principal Training
ESEA, Title II, Part A, Teacher/Principal Training
Total CFDA Number 84.367A
84.365A
84.367A
84.367A
11671001015904
10694501015904
11694501015904
201,140
30,061
1,260,226
1,290,287
*ESEA, Title X, Pt. C - ARRA Education-Homeless
Title XIV, State Fiscal Stabilization Fund - ARRA
Title XIV, State Fiscal Stabilization Fund - ARRA
84.387
84.394
84.394
A09002
10557001015904
11557001015904
9,010
25,903
8,093,019
8,118,922
Summer School Limited English Proficiency
Education Jobs Fund
Total Passed Through State Department of Education
84.369A
84.410A
69551002
11550101015904
$
4,310
2,492,953
25,847,735
$
25,847,735
$
$
89,364
89,364
$
89,364
$
3,838,531
5,625,117
245,744
5,870,861
TOTAL DEPARTMENT OF EDUCATION
U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES
Passed Through Texas Dept of Human Services
Medicaid Administrative Claiming Program - MAC
Total Passed Through Texas Dept of Human Services
93.778
TOTAL DEPARTMENT OF HEALTH AND HUMAN SERVICES
U.S. DEPARTMENT OF AGRICULTURE
Passed Through the State Department of Agriculture
*School Breakfast Program
*National School Lunch Program - Cash Assistance
*National School Lunch Prog. - Non-Cash Assistance
10.553
10.555
10.555
9,709,392
Total Child Nutrition Cluster
Total Passed Through the State Department of Agriculture
TOTAL DEPARTMENT OF AGRICULTURE
TOTAL EXPENDITURES OF FEDERAL AWARDS
*Clustered Programs
145
$
9,709,392
$
9,709,392
$
35,820,095
San Antonio, Texas
Notes to Schedule of Expenditures of Federal Awards
1.
The District utilizes the fund types specified in the TEA Resource Guide.
Non-major governmental funds are used to account for resources restricted to, or designated for,
specific purposes by a grantor. Federal and State financial assistance generally is accounted for
in a Special Revenue Fund. Generally, unused balances are returned to the grantor as the close of
the specified project periods.
2.
The accounting and financial reporting treatment applied to a fund is determined by its
measurement focus. The Governmental Fund types are accounted for using a current financial
resources measurement focus. All federal grant funds, with the exception of the National School
Lunch and Breakfast Program, the Commodity Supplemental Food Program, the Junior ROTC
program and indirect cost revenues, were accounted for in Non-Major Special Revenue Funds, a
Governmental Fund type. Federal grant funds received from the above mentioned programs
were accounted for in the General Fund which is also a Governmental Fund Type. With this
measurement focus, only current assets and current liabilities generally are included on the
balance sheet. Operating statements of these funds present increases (i.e., revenues and other
financing sources) and decreases (i.e., expenditures and other financing use) in net current assets.
The modified accrual basis of accounting is used for governmental funds. This basis of
accounting recognizes revenues in the accounting period in which they become susceptible to
accrual, i.e., both measurable and available, and expenditures in the accounting period in which
the fund liability is incurred.
Federal grant funds are considered to be earned to the extent of expenditures made under the
provisions of the grant, and, accordingly, when such funds are received, they are recorded as
deferred revenues until earned.
3.
The period of availability for federal grant funds for the purpose of liquidation of outstanding
obligations made on or before the ending date of the federal project extended 30 days beyond the
federal project ending date, in accordance with provisions in Section H, period of availability of
Federal Funds, Part 3, OMB Circular A-133 Compliance Supplement.
4.
Commodity Supplemental Food Program receipts represent USDA donated commodities
received during the fiscal year. The related expenditures relate to the issuance of the
commodities to the District’s campuses. The deferred revenue consists of excess commodities
received over amounts issued.
5.
Expenditures for the Junior ROTC Program, the Medicaid Administrative Services, and the
National School Lunch and Breakfast Program are not specifically attributable to the federal
revenue source and are shown on this schedule in an amount equal to revenue.
6.
The School Health Related Services (SHARS) revenues are reported as federal revenues in the
general fund; however, based on TEA requirements, SHARS revenue is not considered federal
financial assistance and is therefore not included in the schedule.
147
San Antonio, Texas
Notes to Schedule of Expenditures of Federal Awards
7.
Reconciliation of the Total Expenditures of Federal Awards as reported on the Schedule of
Expenditures of Federal Awards to Exhibit C-3.
- Total Expenditures of Federal Awards (Exhibit H-1)
$
- Total Federal Program Revenues (Exhibit C-3)
38,305,207
a. SHARS Revenue – See note 6 above
b. Summer LEP Fund Balance
$
148
35,820,095
(2,484,050)
(1,062)
35,820,095

Harlandale Independent School District

Transcription

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