22
Statement of Non-Discrimination Cisco ISD does not discriminate on the basis of age, race, religion, color, national origin, sex or disability in providing education services, activities, and programs, including vocational programs, in accordance
with Title VI of the Civil Rights Act of 1964, as amended; Title IX of the Educational Amendments of 1972; Section 504 of the Rehabilitation Act of 1973, as amended.
Cisco Independent School District _____________________________________________________________
PO Box 1645, Cisco, Texas 76437 | Phone: 254-442-3056 | Fax: 254-442-1412 www.ciscoisd.net
Ryan Steele Superintendent
August 21, 2019
Cisco ISD Board of Trustees
RE: Proposed Budget for 2019-20
A budget has been prepared for the General Fund and Special Revenue fund for consideration of adoption by the Board of Trustees. This budget is based on a proposed Maintenance and Operations tax rate of $1.0088 per $100 valuation, which is a 7% decrease last year’s tax rate, and a proposed Interest and Sinking rate of $0.00 per $100. This rate is lower than the effective tax rate of $1.01154. The property taxes for the owners of an average residence will pay $318 on their homestead, which is a decrease of $37 over the previous year.
The General Fund, which is 90.4% of the total revenues for the District, projects revenues of $10,869,335. The revenues are based on a student average daily attendance estimated at 821. Special revenue funds, which includes federal revenue and food service are budgeted at $1,105,478. Revenues for the district are budgeted to increase 15.9% when compared to fiscal year 2018-19. This increase can primarily be attributed to the new finance mechanism implemented with the passage of House Bill 3 (HB3). The district had an increase in local taxable value of approximately $37 million dollars and a projected increase in enrollment.
Total expenditures are budgeted at $11,974,813. Expenditures increased when compared to the 2018-19 fiscal year by 15.9%, primarily seen through raises to teacher, administrator, and non-professional salaries and additional personnel needs. Expenditures also include several capital outlays, including the purchase of a new bus, the completion of a roof project at the high school, and other projects.
In the end, CISD projects a balanced budget and projects to have a final general fund balance of $4,971,851, which is approximately 45% of general funds.
Sincerely,
General Fund Food ServiceSpecial
RevenueTotal
Revenues:5700 Local 6,131,927$ 163,802$ 25,000$ 6,320,729$ 5800 State 4,462,408$ 16,681$ 239,642$ 4,718,731$ 5900 Federal 275,000$ 299,294$ 361,059$ 935,353$
Total Revenues 10,869,335$ 479,777$ 625,701$ 11,974,813$
Expenditures:11 Instruction 5,782,857$ -$ 591,926$ 6,374,783$ 12 Instructional Resources and Media Services 89,101$ -$ -$ 89,101$ 13 Curriculum & Instructional Staff Development 15,840$ -$ 5,000$ 20,840$ 21 Instructional Leadership 36,479$ -$ -$ 36,479$ 23 School Leadership 678,664$ -$ 18,775$ 697,439$ 31 Guidance, Counseling, and Evaluation Services 227,559$ -$ -$ 227,559$ 32 Social Work Services -$ -$ -$ -$ 33 Health Services 95,338$ -$ -$ 95,338$ 34 Transportation 426,089$ -$ -$ 426,089$ 35 Food Services -$ 519,298$ -$ 519,298$ 36 Extracurricular Services 717,462$ -$ -$ 717,462$ 41 General Administration 344,776$ -$ -$ 344,776$ 51 Plant Maintenance and Operations 1,248,865$ -$ -$ 1,248,865$ 52 Security & Monitoring 115,859$ -$ -$ 115,859$ 53 Data Processing Serviced 317,975$ -$ 10,000$ 327,975$ 61 Community Services 2,000$ -$ -$ 2,000$ 71 Debt Service -$ -$ -$ -$ 81 Facilities Acqusition and Construction 330,000$ -$ -$ 330,000$ 93 Payments to Fiscal Agents/Shared Services 205,000$ -$ -$ 205,000$ 99 Other Governmental Charge 195,950$ -$ -$ 195,950$
Total Expenditures 10,829,814$ 519,298$ 625,701$ 11,974,813$
Budgeted Change in Fund Balance 39,521$ (39,521)$ -$ -$
Revenues, Expenditures, and Changes in Fund BalanceCisco ISDProposed 2019-2020 Budget
2019 - 2020
Total Budget Per Student Total Budget Per StudentRevenues:
Local 6,193,246 7,627 6,320,729 7,707State 3,382,677 4,166 4,718,731 5,754Federal 695,793 857 935,353 1,141
Total Revenues 10,271,716$ 12,650$ 11,974,813$ 14,601$
Expenditures:Instructional Expenditures
11 Instruction 6,125,593 7,544 6,374,783 7,77312 Instructional Resources & Media Services 91,818 113 89,101 10913 Curriculum & Instructional Staff Development 7,500 9 20,840 2593 Payments to Fiscal Agents/Shared Services 193,550 238 205,000 250
6,418,461$ 7,905$ 6,689,724$ 8,157$
Instructional Support21 Instructional Leadership - - 36,479 4423 School Leadership 479,493 591 697,439 85031 Guidance, Counseling, and Evaluation Services 162,826 201 227,559 27732 Social Work Services - - - - 33 Health Services 119,909 148 95,338 11636 Extracurricular Activites 559,645 689 717,462 87561 Community Services - Parental Involvment 8,557 11 2,000 2
1,330,430$ 1,638$ 1,776,277$ 2,166$
General Administration41 General Administration 168,178$ 207$ 344,776$ 420$
District Operations34 Transportation 214,717 264 426,089 52035 Food Services 518,582 639 519,298 63351 Plant Maintenance and Operations 1,110,299 1,367 1,248,865 152352 Security & Monitorying 80,836 100 115,859 14153 Data Processing Services 222,713 274 327,975 400
2,147,147$ 2,644$ 2,638,086$ 3,217$
Debt Service71 Debt Service -$ -$ -$ -$
Other81 Facilities Acquisition and Construction 48,000 59 330,000 40299 Other Governmental Charge 182,000 224 195,950 239
230,000$ 283$ 525,950$ 641$
Total Expenditures 10,294,216$ 12,678$ 11,974,813$ 14,601$
Budgeted Change in Fund Balance (22,500)$ (28)$ -$ -$
Average Daily Attendance 812 820
2019-20 "Proposed" Budget
Proposed 2019-2020 BudgetCisco ISD
2018-19 Budget
Revenues, Expenditures, and Changes in Fund Balance
Revenues and Expenditures by ObjectCisco ISDProposed 2019-2020 Budget
$6,320,729 , 53%
$4,718,731 , 39%
$935,353 , 8%
Revenue by Source
Local State Federal
$8,735,813 , 73%
$992,080 , 8%
$1,055,445 , 9%
$514,293 , 4%
$677,182 , 6%
Expenditures by Object
6100 - Payroll 6200 - Contracted Services
6300 - Supplies & Materials 6400 - Other Operating Costs
Local: 5711 TAXES-CURRENT YEAR LEVY 5,839,927.00$ 5712 TAXES - PRIOR YEARS 70,000.00$ 5719 P & I 40,000.00$ 5742 EARN FM TEMP DEP & INVEST 25,000.00$ 5746 MISC REV FM LOCAL SOURCES 77,000.00$ 5749 RECOVER FUND BAL- EAST END 10,000.00$ 5752 ATHLETIC ACTIVITY 70,000.00$
Total Local: 6,131,927.00$
State: 5811 AVAILBLE SCHOOL FUND 201,265.00$ 5812 FOUNDATION 3,763,637.00$ 5820 PRE KINDERGARTEN FUNDING 2,000.00$ 5831 TRS ON-BEHALF BENEFIT 495,506.00$
Total State: 4,462,408.00$
Federal: 5931 SHARS 275,000.00$
TOTAL GENERAL FUNDS: 10,869,335.00$
Projected Revenue by Category in General FundCisco ISDProposed 2019-2020 Budget
Amount77,905.00$
217,348.00$ 27,229.00$
FUND 270 - Title VI, Part B – Rural and Low-Income School Program 15,382.00$ 12,195.00$ 11,000.00$
142,500.00$ 97,142.00$ 25,000.00$
Projected Grant RevenueCisco ISDProposed 2019-2020 Budget
Grant Name
FUND 331 - SSA - Career and Technical - Basic GrantFUND 410 -State Textbook FundFUND 429 - State Funded Special Revenue FundsFUND 499 - Locally Funded Special Revenue Funds
FUND 205 - Head StartFUND 211 - Title I, Part A - Improving Basic ProgramsFUND 255 - Title II, Part A - Teacher and Principal Training and Recruiting
FUND 289 - Federally Funded Special Revenue Funds
Revenues:5700 Local 163,802$ 5800 State 16,681$ 5900 Federal 299,294$ 7900 Transfer In 39,521$
519,298$ Expenditures:
6100 - Payroll Costs 270,027$ 6200 - Contracted Services 30,000$ 6300 - Supplies & Materials 219,271$ 6400 - Misc. Operating Expenses -$ 6600 - Capital Outlay -$
Total Expenditures 519,298$
Budgeted Change in Fund Balance -$
Projected Budget by Function - Food ServiceCisco ISDProposed 2019-2020 Budget
7/30/2019 9:16 AM 1Form 50-859
7/15/2019
Line Amount/Rate
1.
$551,782,000
A. Enter 2018 total taxable value of homesteads with tax ceilings.These include the homesteads of homeowners age 65 or older
or disabled. 1 Tex. Tax Code § 26.012(14) $24,946,340B. Enter 2018 total taxable value of applicable Chapter 313 limitations when calculating effective maintenance and operations(M&O) taxes. Enter zero when calculating effective debt service taxes. (Use these numbers on the advice of your legal
counsel.) 2 Tex. Tax Code § 26.012(6)
$0
3. Preliminary 2018 adjusted taxable value. Subtract Line 2 from Line 1. $526,835,6604.
1.073300002018 taxable value lost because court appeals of ARB decisions reduced 2018 appraised value.
A. Original 2018 ARB values: $0B. 2018 values resulting from final court decisions: $0C. 2018 value loss. Subtract B from A. $0
6.
$526,835,660
2018 total taxable value. Enter the amount of 2018 taxable value on the 2018 tax roll today. Include any adjustments since last year’s certification; exclude one-third over-appraisal corrections from these adjustments. This total includes the taxable value of homesteads with tax ceilings (will deduct in Line 2).
C. Add A and B.
www.ciscoisd.net
5.
GENERAL INFORMATION: Tax Code Section 26.04(c) requires an officer or employee designated by the governing body to calculate the effective tax rate and rollback tax rate for the taxing unit.
This sample worksheet is for school districts only. Water districts as defined under Water Code Section 49.001(1) should use Comptroller Form 50-858 Sample Water District Rollback Tax Rate Worksheet. All other taxing units should use Comptroller Form 50-856 Sample Tax Rate Calculation , Taxing Units Other Than School Districts.
The Comptroller’s office provides this sample worksheet to assist taxing units in determining tax rates. The information provided in this worksheet is offered as technical assistance and not legal advice. Taxing units should consult legal counsel for interpretations of law regarding tax rate preparation and adoption.
Section 1: Effective Tax Rate Activity (No New Taxes)The effective tax rate enables the public to evaluate the relationship between taxes for the prior year and for the current year based on a tax rate that would produce the same amount of taxes (no new taxes) if applied to the same properties that are taxed in both years. When appraisal values increase, the effective tax rate should decrease.
2018 total adopted tax rate (School districts with an applicable Chapter 313 limitation agreement will do a two step process using the adopted M&O rate and debt rate separately).
2019 Tax Rate Calculation WorksheetTexas Comptroller of Public Accounts
School Districts
S-CISCO ISD (2019) (254) 442-3056
PO Box 1645, Cisco, TX 76437
Effective Tax Rate Activity
$24,946,340
2018 tax ceilings and Chapter 313 limitations.2.
2018 taxable value, adjusted for court-ordered reductions.Add Line 3 and Line 5C.
7/30/2019 9:16 AM 2Form 50-859
Line Amount/Rate
7.
N/A
A. Absolute exemptions. Use 2018 market value: $174,040B. Partial exemptions. 2019 exemption amount or 2019 percentage exemption times 2018value: $369,770C. Value loss. Add A and B. $543,810
A. 2018 market value: $0B. 2019 productivity or special appraised value: $0C. Value loss. Subtract B from A. $0
10. $543,81011. $526,291,85012. $5,648,69013.
$1,589.6114. $5,650,280.04
A. Certified values only: 3 Tex. Tax Code § 26.012(6) $588,874,199B. Pollution control and energy storage system exemption: Deduct the value of property exempted for the current tax year for the first time as pollution or energy storage system property: $0C. Total value. Subtract B from A. $588,874,199
8.
15. Total 2019 taxable value on the 2019 certified appraisal roll today. This value includes only certified values and includes the total taxable value of homesteads with tax ceilings (will deduct in line 17). These homesteads include homeowners age 65 or older or disabled.
Texas Comptroller of Public Accounts
Effective Tax Rate Activity
Adjusted 2018 taxes with refunds. Add Lines 12 and 13.
9.
Taxes refunded for years preceding tax year 2018. Enter the amount of taxes refunded by the district for tax years preceding tax year 2018. Types of refunds include court decisions, corrections and payment errors. Do not include refunds for tax year 2018. This line applies only to tax years preceding tax year 2018. This line applies only to tax year 2018.
2018 taxable value lost because property first qualified for agricultural appraisal (1-d or 1-d-1), timber appraisal, recreational/scenic appraisal or public
access airport special appraisal in 2019. Use only properties that qualified in 2019 for the first time; do not use properties that qualified in 2018.
Total adjustments for lost value. Add Lines 7, 8C and 9C.
2018 adjusted taxable value. Subtract Line 10 from Line 6.Adjusted 2018 taxes. Multiply Line 4 by Line 11 and divide by $100.
2018 taxable value of property in territory the school deannexed after Jan. 1, 2018. Enter the 2018 value of property in deannexed territory.2018 taxable value lost because property first qualified for an exemption in 2019. Note that lowering the amount or percentage of an existing exemption does not create a new exemption or reduce taxable value. If the school district increased an original exemption, use the difference between the original exempted amount and the increased exempted amount. Do not include value lost due to freeport or goods-in-transit exemptions.
7/30/2019 9:16 AM 3Form 50-859
Line Amount/Rate
Total value of properties under protest or not included on certified appraisal roll.
A. 2019 taxable value of properties under protest. The chief appraiser certifies a list of properties still under ARB protest. The list shows the appraisal district’s value and the taxpayer’s claimed value, if any or an estimate of the value if the taxpayer wins. For each of the properties under protest, use the lowest of these values. Enter the total value.
$0
“The Chief Appraiser is to make a reasonable estimate of the taxable value that would be assigned to the property if the property owner’s claim is upheld”.
B. 2019 value of properties not under protest or included on certified appraisal roll. The chief appraiser gives school districts a list of those taxable properties that the chief appraiser knows about, but are not included in the appraisal roll certification. These properties are not on the list of properties that are still under protest. On this list of properties, the chief appraiser includes the market value, appraised value and exemptions for the preceding year and a reasonable estimate of the market value, appraised value and exemptions for the current year. Use the lower market, appraised or taxable value (as appropriate). Enter the total value.
$0C. Total value under protest or not certified. Add A and B. $0
A. Enter 2019 total taxable value of homesteads with tax ceilings.
These include the homesteads of homeowners age 65 or older
or disabled. 4 Tex. Tax Code § 26.012(6)(A)(i) $27,852,735B. Enter 2019 total taxable value of applicable Chapter 313 limitations when calculating effective M&O taxes. Enter zero when calculating effective debt service taxes.
(Use these numbers on the advice of your legal counsel.) 5 Tex. Tax Code § 26.012(6)(A)(ii)
$0C. Add A and B. $27,852,735
18. 2019 total taxable value. Add Lines 15C and 16C. Subtract Line 17C. $561,021,46419.
$020.
$2,441,57021. Total adjustments to the 2019 taxable value. Add lines 19 and 20. $2,441,570.0022. 2019 adjusted taxable value. Subtract line 21 from line 18. $558,579,894.0023. 2019 effective tax rate. Divide line 14 by line 22 and multiply by $100. 1.01154376
24.
$0.00
Total 2019 taxable value of new improvements and new personal property located in new improvements. New means the item was not on the appraisal roll in 2018. New additions to existing improvements may be included if the appraised value can be determined. New personal property in a new improvement must have been brought into the taxing unit after Jan. 1, 2018, and be located in a new improvement.
Texas Comptroller of Public AccountsEffective Tax Rate Activity
Total 2019 taxable value of properties in territory annexed after Jan. 1, 2018.Include both real and personal property. Enter the 2019 value of property in territory annexed by the school district.
16.
17. 2019 tax ceilings and Chapter 313 limitations.
2019 effective tax rate for ISDs with Chapter 313 Limitations. Add together the effective tax rates for M&O anddebt service for those school districts that participate in an applicable Chapter 313 limitations agreement.
7/30/2019 9:16 AM 4Form 50-859
Line Amount/Rate
25.
A. The rate per $100 of taxable value that is equal to the 2019 state compression percentage plus $1.00
$0.930000B. The greater of:
(i) 2018 M&O – ($1.00 + DTR reduction) OR
(ii) $0.04 per $100 of taxable value $0.078800
C. The current debt rate $0.000000
D. Add A, B and C.1.00880000
A. Debt includes contractual payments to other school districts that have incurred debt on behalf of this school district, if those debts meet the four conditions above. Include only amounts that will be paid from property tax revenue. Do not include appraisal district budget payments. Enter debt amount $0B. Subtract unencumbered fund amount used to reduce total debt. $0C. Subtract state aid received for paying principal and interest on debt for facilities through the existing debt allotment program and/or instructional facilities allotment program.
$0D. Adjust debt: Subtract B and C from A. $0
27. $028. Adjusted 2019 debt. Subtract line 27 from line 26D. $029.
98.00%30. $031. $561,021,46432. 0.0000000033. 1.00880000
Certified 2018 excess debt collections. Enter the amount certified by the collector.
Certified 2019 anticipated collection rate. Enter the rate certified by the collector. If the rate is 100 percent or greater, enter 100 percent.
2019 Total taxable value. Enter the amount on line 18.
2019 debt adjusted for collections. Divide line 28 by line 29.
2019 debt tax rate. Divide line 30 by line 31 and multiply by $100.
2019 rollback tax rate. Add lines 25 and 32.
Total 2019 debt to be paid with property tax revenue.
Debt means the interest and principal that will be paid on debts that:(1) Are paid by property taxes,(2) Are secured by property taxes,(3) Are scheduled for payment over a period longer than one year, and(4) Are not classified in the school district’s budget as M&O expenses.
26.
Texas Comptroller of Public Accounts
Most school districts calculate a voter-approval tax rate that is split into two separate rates:
1. Maintenance and Operations (M&O): The M&O rate is the portion of the tax rate that raises taxes for any lawful purpose other than debt service for which a taxing unit may spend property tax revenue. This rate accounts for such things as salaries, utilities and day-to-day operations.
2. Debt: The debt tax rate includes the debt service necessary to pay the school district’s debt payments in the coming year. This rate accounts for principal and interest on bonds and other debt secured by property tax revenue.
In most cases the voter-approval tax rate exceeds the effective tax rate, but occasionally decreases in a school district’s debt service will cause the effective tax rate to be higher than the voter-approval tax rate.
2019 voter-approval M&O rate. The sum of the following as calculated in Tax Code Section 26.08(n)(1)(A), (B) and (C).
Go to Region 13 Education Service Center’s Worksheet for State Aid Template for 2019-2020 to determine state compression percentage and the district enrichment tax rate (DTR).
Section 2: Voter-Approval Tax Rate
Voter-Approval Tax Rate Activity
7/30/2019 9:16 AM 5Form 50-859
Line Amount/Rate34.
$035.
$561,021,46436. 0.0000000037. 1.00880000
$1.01154376 / 100
1.0088
1.0088
Printed Name of School District Representative
7/29/2019School District Representative Date
For more information, visit our website: comptroller.texas.gov/taxes/property-tax50-859 07-19/3
Texas Comptroller of Public Accounts
Section 4: Total Tax Rate
Indicate the applicable total tax rates as calculated above.
Voter-Approval Tax Rate (Line 33)
Rollback tax rate adjusted for pollution control (Line 37)
Effective Tax Rate (Line 23; or line 24 for school district with Tax Code Chapter 313 limitations)
2019 rollback tax rate, adjusted for pollution control. Add line 36 and line 33.
Enter the name of the person preparing the tax rate as authorized by the school board.
print here
Ryan Steele, Superintendent
Section 5: School District Representative Name and Signature
A school district may raise its rate for M&O funds used to pay for a facility, device or method for the control of air, water or land pollution. This includes any land, structure, building, installation, excavation, machinery, equipment or device that is used, constructed, acquired or installed wholly or partly to meet or exceed pollution control requirements. The school district’s expenses are those necessary to meet the requirements of a permit issued by the Texas Commission on Environmental Quality (TCEQ). The school district must provide the tax assessor with a copy of the TCEQ letter of determination that states the portion of the cost of the installation for pollution control.
This step should only be completed by a school district that uses M&O funds to pay for a facility, device or method for the control of air, water or land pollution.
Additional Rollback Protection for Pollution Control Activity
sign here
2019 total taxable value. Enter the amount from line 31 of the Voter-Approval Tax Rate Worksheet.
Section 3: Additional Rollback Protection for Pollution Control
Certified expenses from the Texas Commission on Environmental Quality (TCEQ). Enter the amount
certified in the determination letter from TCEQ.7 Tex. Tax Code § 26.045(d) The school district shall provide its tax
assessor with a copy of the letter.8 Tex. Tax Code § 26.045(i)
Additional rate for pollution control. Divide line 34 by line 35 and multiply by $100.
(name of school district)
(time, date, year) (name of room, building, physical location)
(city, state)
______________________________________________________________
___________________________________ _______________________________________
_____________________________________________.
Maintenance Tax $____________/$100 (Proposed rate for maintenance and operations)
School Debt Service Tax
Approved by Local Voters $____________/$100 (proposed rate to pay bonded indebtedness)
Maintenance and operations ___________% increase ___________% (decrease)
Debt service ___________% increase ___________% (decrease)
Total expenditures ___________% increase ___________% (decrease)
Preceding Tax Year Current Tax Year
Total appraised value* of all property $________________ $________________
Total appraised value* of new property** $________________ $________________
Total taxable value*** of all property $________________ $________________
Total taxable value*** of new property** $________________ $________________
Total amount of outstanding and unpaid bonded indebtedness* $__________________________
* Outstanding principal.
50-280 (Rev. 6-19/4)
NOTICE OF PUBLIC MEETING TO DISCUSS
BUDGET AND PROPOSED TAX RATE
The will hold a public
meeting at in
The purpose of this meeting is to discuss the
school district’s budget that will determine the tax rate that will be adopted. Public participation
in the discussion is invited.
The tax rate that is ultimately adopted at this meeting or at a separate meeting at a later date may not exceed the proposed rate shown below unless the district publishes a revised notice containing the same information and comparisons set out below and holds another public meeting to discuss the revised notice.
Comparison of Proposed Budget with Last Year’s Budget
The applicable percentage increase or decrease (or difference) in the amount budgeted in the preceding fiscal year and the amount budgeted for the fiscal year that begins during the current tax year is indicated for each of the following expenditure categories:
or
or
or
Total Appraised Value and Total Taxable Value
(as calculated under Tax Code Section 26.04)
* “Appraised value” is the amount shown on the appraisal roll and defined by Tax Code Section 1.04(8).** “New property” is defined by Tax Code Section 26.012(17).*** “Taxable value” is defined by Tax Code Section 1.04(10).
Bonded Indebtedness
Cisco Independent School District
6:00 pm on August 21, 2019 the Cisco Elementary School Library
Cisco, TX
1.0088
0.00
15.9
N/A
15.9
587,591,520 623,859,215
2,762,540 2,441,570
550,973,840 586,754,695
2,716,240 2,441,570
0.00
(school voter-approval rate)
(school voter-approval rate)
50-280 (Rev. 6-19/4) (Back)
Comparison of Proposed Rates with Last Year’s Rates
Maintenance Interest Local Revenue State Revenue
& Operations & Sinking Fund* Total Per Student Per Student
Last Year’s Rate $ $ * $ $ $
Rate to Maintain Same
Level of Maintenance &
Operations Revenue &
Pay Debt Service $ $ * $ $ $
Proposed Rate $ $ * $ $ $
* The Interest & Sinking Fund tax revenue is used to pay for bonded indebtedness on construction, equipment, or both. The bonds, and the tax rate necessary to pay those bonds, were approved by the voters of this district.
Comparison of Proposed Levy with Last Year’s Levy on Average Residence
Last Year This Year
Average Market Value of Residences $ $
Average Taxable Value of Residences $ $
Last Year’s Rate Versus Proposed Rate per $100 Value $ $
Taxes Due on Average Residence $ $
Increase (Decrease) in Taxes $
Under state law, the dollar amount of school taxes imposed on the residence homestead of a person
65 years of age or older or of the surviving spouse of such a person, if the surviving spouse was 55
years of age or older when the person died, may not be increased above the amount paid in the first
year after the person turned 65, regardless of changes in tax rate or property value.
Notice of Voter-Approval Rate: The highest tax rate the district can adopt before requiring voter
approval at an election is __________________________. This election will be automatically held if
the district adopts a rate in excess of the voter-approval rate of ___________________________.
Fund Balances
The following estimated balances will remain at the end of the current fiscal year and are not encumbered with or by a corresponding debt obligation, less estimated funds necessary for operating the district before receipt of the first state aid payment:
Maintenance and Operations Fund Balance(s) $
Interest & Sinking Fund Balance(s) $
A school district may not increase the district’s maintenance and operations tax rate to create a surplus in maintenance and operations tax revenue for the purpose of paying the district’s debt service.
1.07880 0.00 1.07880 7,304 4,513
1.01154 0.00 1.01154 6,886 4,932
1.00880 0.00 1.00880 7,113 4,829
58,068 61,651
33,068 31,477
1.07330 1.00880
355 318
(37)
$1.00880
$1.00880
4,971,411
0.00
Historical Budget Data
$315,438,335
$358,211,046
$419,299,264$435,082,560
$455,605,649
$459,170,912
$571,927,481
$602,893,613
$686,358,938
$523,714,328
$429,423,085
$553,383,800
$588,874,199
$9,000,000
$109,000,000
$209,000,000
$309,000,000
$409,000,000
$509,000,000
$609,000,000
$709,000,000
$809,000,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
$1.0337 $1.0337$1.0200
$1.0337
$1.17 $1.17 $1.17 $1.17 $1.17 $1.17 $1.17
$1.0733
$1.0088
$0.9000
$0.9500
$1.0000
$1.0500
$1.1000
$1.1500
$1.2000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
45%
45%
51%
58%61%
74%
78%82%
65%
58%61%
53%
46%
42%
36% 35%32%
20%
16%13%
28%
35%32%
40%
10%13% 13%
7% 7% 7% 6% 6% 7% 7% 7% 8%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Local State Federal
Rank Name Total Market Value Total Taxable Value1 Profrac MFG LLC $ 118,345,3000 $ 118,345,3002 Hill Lake Gace Storage LP 26,445,720 26,455,7203 Frac Tech Horizons LLC 23,482,920 23,482,9204 Lone Star Transmission LLC 17,945,920 17,945,9205 Basic Energy Services 16,606,120 16,606,1206 Permian Express Partners 10,569,810 10,569,8107 Cisco Trucking 9,757,750 9,757,7508 Lone Star NGL Pipeline LP 9,074,500 9,074,5009 Union Pacific RR 8,603,690 8,603,69010 GS Memorial Airfield LLC 8,041,190 8,041,19011 Profrac Services LLC 7,792,280 7,792,28012 Atmos Energy/Mid‐Tex PL 7,608,130 7,608,13013 AEP Texas North Company 6,908,000 6,908,00014 Wilks Farris & Jo Ann 10,558,620 6,782,70015 Wilks Ranch Texas LTD 24,390,920 6,296,000
