Summary of Texas School District Bond Elections and Comparison of District’ s Current Debt Position Comparison of District s Current Debt Position April 2014 Broker/Dealer Services and Securities offered by BOSC, Inc., an SEC registered investment adviser, a registered broker/dealer, member FINRA/SIPC. SEC registration does not imply a certain level of skill or training. Insurance offered by BOSC Agency, Inc., an affiliated agency. Investments and insurance are not insured by FDIC, are not deposits or other obligations of, and are not guaranteed by, any bank or bank affiliate. Investments are subject to risks, including possible loss of principal amount invested.
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Summary of Texas School District Bond Elections andComparison of District’s Current Debt PositionComparison of District s Current Debt Position
April 2014
Broker/Dealer Services and Securities offered by BOSC, Inc., an SEC registered investment adviser, a registered broker/dealer, member FINRA/SIPC. SEC registration does not imply a certain level of skill ortraining. Insurance offered by BOSC Agency, Inc., an affiliated agency. Investments and insurance are not insured by FDIC, are not deposits or other obligations of, and are not guaranteed by, any bank or bankaffiliate. Investments are subject to risks, including possible loss of principal amount invested.
Listing of May 10, 2014 Texas School District Bond Elections
Listing of May 10, 2014 Bond Elections – Total Dollar Amount Equals $6,088,550,801
Listing of Successful Region 10 and 11 Texas School District Bond Elections Over $25 Million – Since Year 2007$
ESC Regions 10 and 11 Texas School Districts – 54 Successful Bond Elections Over $25 Million Since Year 2007 Totaling $10,175,290,000g , , ,
No. Issuer Election Date Bonds Approved No. Issuer Election Date Bonds Approved 1 Dallas ISD May 10, 2008 $ 1,350,000,000 28 Red Oak ISD May 12, 2007 $ 95,000,000 2 Prosper ISD November 6, 2007 710,000,000 29 Granbury ISD November 5, 2013 84,975,000 3 Lewisville ISD May 10, 2008 697,670,000 30 Denison ISD May 14, 2011 79,750,000 4 Fort Worth ISD No ember 6 2007 593 600 000 31 Coppell ISD Ma 11 2013 79 500 0004 Fort Worth ISD November 6, 2007 593,600,000 31 Coppell ISD May 11, 2013 79,500,000 5 Plano ISD May 10, 2008 490,000,000 32 Lovejoy ISD November 6, 2007 78,500,000 6 Fort Worth ISD November 5, 2013 489,860,000 33 Highland Park ISD May 10, 2008 75,400,000 7 Crowley ISD May 12, 2007 416,800,000 34 Forney ISD May 12, 2007 70,095,000 8 Eagle Mtn.-Saginaw ISD May 10, 2008 394,000,000 35 Grand Prairie ISD May 14, 2011 70,000,000 9 Denton ISD November 5, 2013 312,000,000 36 Coppell ISD May 9, 2009 55,900,000 , , , pp y , , ,10 Denton ISD November 6, 2007 282,000,000 37 Crandall ISD November 6, 2007 50,000,000 11 Northwest ISD May 10, 2008 260,000,000 38 Ennis ISD May 10, 2008 48,985,000 12 Northwest ISD November 6, 2012 255,000,000 39 Princeton ISD May 10, 2008 46,000,000 13 Irving ISD November 6, 2007 250,980,000 40 Cedar Hill ISD November 6, 2012 45,000,000 14 Grand Prairie ISD May 12, 2007 222,000,000 41 Everman ISD May 12, 2007 45,000,000 15 Allen ISD November 4, 2008 219,000,000 42 Joshua ISD May 12, 2007 44,870,000 16 Mansfield ISD November 8, 2011 198,530,000 43 Everman ISD May 11, 2013 40,000,000 17 Rockwall ISD May 12, 2007 198,150,000 44 Alvarado ISD May 11, 2013 38,200,000 18 Arlington ISD November 3, 2009 197,500,000 45 Springtown ISD May 10, 2008 35,000,000 19 McKinney ISD May 14, 2011 191,000,000 46 Celina ISD November 4, 2008 34,310,000 20 Mesquite ISD May 12 2007 180 000 000 47 Castleberry ISD May 8 2010 34 000 00020 Mesquite ISD May 12, 2007 180,000,000 47 Castleberry ISD May 8, 2010 34,000,000 21 Richardson ISD May 14, 2011 170,000,000 48 Forney ISD May 8, 2010 30,000,000 22 Keller ISD November 4, 2008 142,300,000 49 Waxahachie ISD May 8, 2010 28,120,000 23 Carroll ISD May 9, 2009 138,000,000 50 Decatur ISD May 10, 2008 27,900,000 24 Hurst-Euless-Bedford ISD May 14, 2011 136,495,000 51 Godley ISD May 10, 2008 27,700,000 25 Grapevine-Colleyville ISD May 14, 2011 124,500,000 52 Sunnyvale ISD May 12, 2007 25,000,000
2Source: The Municipal Advisory Council of Texas, The Bond Review Board and Texas Education Agency.
p y y y y26 Allen ISD May 9, 2009 119,400,000 53 Lake Dallas ISD May 12, 2007 25,000,000 27 Midlothian ISD May 14, 2011 97,300,000 54 Mineral Wells ISD November 5, 2013 25,000,000
Debt Service by Series
$30,000,000
$35,000,000
$20,000,000
$25,000,000
aym
ents
$10,000,000
$15,000,000
Ann
ual B
ond
Pa
$0
$5,000,000
2013
/14
2014
/15
2015
/16
2016
/17
2017
/18
2018
/19
2019
/20
2020
/21
2021
/22
2022
/23
2023
/24
2024
/25
2025
/26
2026
/27
2027
/28
2028
/29
2029
/30
2030
/31
2031
/32
Unlimited Tax School Building & Refunding Bonds, Series 1997 Unlimited Tax School Building Bonds, Series 1998 Unlimited Tax School Building & Refunding Bonds, Series 1999
Unlimited Tax School Building Bonds Series 2000 Unlimited Tax School Building & RefundingBonds Series 2002 Unlimited Tax Unlimited TaxRefundingBonds Series 2004Unlimited Tax School Building Bonds, Series 2000 Unlimited Tax School Building & Refunding Bonds, Series 2002 Unlimited Tax Unlimited Tax Refunding Bonds, Series 2004
Unlimited Tax School Building Bonds, Series 2006 Unlimited Tax School Building & Refunding Bonds, Series 2007 Unlimited Tax School Building Bonds, Series 2008-A
Unlimited Unlimited Tax Refunding Bonds, Series 2008-B Unlimited Unlimited Tax Refunding Bonds, Series 2012 Unlimited Unlimited Tax Refunding Bonds, Series 2014
__________Note: Debt service payments reflect payments from September 1 through August 31
3
Note: Debt service payments reflect payments from September 1 through August 31.
Source: District’s Official Statements.
The District has a total of $203,330,361 in Bond Principal Outstanding.
Top 50 Texas School Districts – Ranked By Student Enrollment
Top 50 Texas School Districts – Ranked By 2012/13 Student Enrollment
225 000
203,
354
175,000
200,000
225,000
Of the 1,026 independent school districts in the State of Texas, Birdville ISD has the 52nd largest student enrollment.
158,
932
125,000
150,000
Enr
ollm
ent
100,
159
86,5
1683
,503
69,5
917,
901
,684
,001
,562 210
59 5 8 4 5 8
110,
013
50 000
75,000
100,000
Stud
ent E
ed #
52
6 67 65 65 64,
63,
58,0
555
,185
54,2
6853
,934
53,6
6552
,528
49,1
9047
,045
45,7
8345
,749
42,8
91
41,7
5639
,635
39,2
1339
,127
38,0
4337
,095
36,0
9835
,030
34,8
5734
,381
33,6
7333
,367
33,3
2732
,879
32,0
5029
,649
29,2
35
26,9
2126
,385
25,7
7524
,931
24,8
23
26,1
3544,2
5943
,680
29,2
19
24,1
9042,7
070
25,000
50,000
D SD SD SD D D D SD D D SD SD SD SD SD D SD D D D D D D SD D D D SD D D SD D D SD SD SD D D SD SD SD D SD D SD SD SD SD D SD DR
anke
Hou
ston
ISD
Dal
las I
SCy
pres
s-Fai
rban
ks IS
Nor
thsid
e IS
Austi
n IS
DFo
rt W
orth
ISD
Fort
Bend
ISD
Nor
th E
ast I
SAl
dine
ISD
Arlin
gton
ISD
Kat
y IS
El P
aso
ISG
arla
nd IS
Plan
o IS
San
Anto
nio
ISCo
nroe
ISD
Pasa
dena
ISLe
wisv
ille
ISD
Brow
nsvi
lle IS
DK
lein
ISD
Alie
f ISD
Roun
d Ro
ck IS
DSo
corr
o IS
DYs
leta
ISU
nite
d IS
DFr
isco
ISD
Kill
een
ISD
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r Cre
ek IS
Corp
us C
hrist
i ISD
Mes
quite
ISD
Rich
ards
on IS
Hum
ble
ISD
Sprin
g IS
DIr
ving
ISSp
ring
Bran
ch IS
Lean
der I
SEd
inbu
rg C
ISD
Kel
ler I
SDAm
arill
o IS
Man
sfie
ld IS
rr-S
an Ju
an-A
lam
o IS
Ecto
r Co
ISD
La Jo
ya IS
Lubb
ock
ISD
Gra
nd P
rairi
e IS
n-Fa
rmer
s Bra
nch
ISLa
mar
CIS
Den
ton
ISM
cAlle
n IS
DLa
redo
ISBi
rdvi
lle IS
D
4
C
Phar
Carr
ollto
n
Source: Texas Education Agency – PEIMS.
Top 50 Texas School Districts – Ranked By StudentEnrollment Growth – Last 10-Years
Top 50 Texas School Districts – Ranked By Student Enrollment Growth – Last 10-Years
40 000
6238
,848
35,000
40,000
rs)
Birdville ISD’s student enrollment has increased by 1,889 students –The 92nd largest student enrollment increase during the last 10-years.
31,5
6
24,6
9830
,750
25,000
30,000
Incr
ease
(10
-Yea
r
17,5
6715
,918
3,71
7,2
5884
866 0 7 014
,181
15,000
20,000
dent
Enr
ollm
ent I
d #
92
13 13,
12,8
12,1
611
,690
11,6
4711
,600
11,0
7010
,626
10,6
0610
,498
10,3
1710
,102
9,91
99,
573
9,40
6
9,07
2
8,82
97,
908
7,71
67,
709
7,41
57,
388
7,30
97,
130
6,87
66,
840
5,33
95,
294
5,21
85,
067
4,97
94,
870
4,85
04,
516
4,33
14,
261
4,24
24,
170
8,86
7
1,88
97,90
5
7,47
29,16
4
1
5,000
10,000
Stud
Ran
ked
4 4
0
ess-F
airb
anks
ISD
Frisc
o IS
DN
orth
side
ISD
Kat
y IS
DLe
ande
r ISD
Conr
oe IS
DSo
corr
o IS
DM
ansf
ield
ISD
Kel
ler I
SDN
orth
Eas
t ISD
Uni
ted
ISD
Kle
in IS
DRo
und
Rock
ISD
Nor
thwe
st IS
DH
umbl
e IS
DD
ento
n IS
DSp
ring
ISD
Kill
een
ISD
Aldi
ne IS
DFo
rt Be
nd IS
DM
tn-S
agin
aw IS
DEd
inbu
rg C
ISD
Lewi
svill
e IS
DM
cKin
ney
ISD
Lam
ar C
ISD
La Jo
ya IS
DPa
sade
na IS
DAu
stin
ISD
Hay
s CIS
DW
ylie
ISD
Clea
r Cre
ek IS
DPf
luge
rvill
e IS
DPe
arla
nd IS
DCo
mal
ISD
Alle
n IS
DAl
vin
ISD
z-Ci
bolo
-UC
ISD
n Ju
an-A
lam
o IS
DG
rand
Pra
irie
ISD
Mes
quite
ISD
Forn
ey IS
DM
anor
ISD
Juds
on IS
DRo
ckwa
ll IS
DBr
owns
ville
ISD
New
Can
ey IS
DD
onna
ISD
Pros
per I
SDCr
owle
y IS
DIr
ving
ISD
Bird
ville
ISD
5
Cypr
e R
Eagl
e M
Sche
rtzPh
arr-S
an G B
Source: Texas Education Agency – PEIMS.
Top 50 Texas School Districts – Ranked By Total BondPrincipal Outstanding
Top 50 Texas School Districts – Ranked By Total Bond Principal Outstanding
$2 500
p g
$2,4
4527
$2,4
71
$2,000
$2,500
Mill
ions
) Birdville ISD’s Total Bond Principal Outstanding ranks 76th in the State.
$1,7
39$1
,445
1,35
333
$1,9
2
$1,500
Out
stan
ding
($
M
$1$1
,23
$1,1
14$9
81$9
73$9
54$8
79$8
10$7
77$7
42$7
41$6
81$6
73$6
6463
262
761
760
860
760
3
70 56 4 6591
$500
$1,000
al B
ond
Pri
ncip
al
Ran
ked
# 7
6
$ $ $6 $6 $6 $6 $6 $6 $57
$55
$534
$516
$498
$491
$485
$476
$446
$445
$441
$423
$404
$398
$387
$385
$372
$370
$348
$345
$331
$321
$312
$308 $2
04
$ 5$0
$500
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
ISD
Tot
a R
Dal
las I
Hou
ston
IN
orth
side
IC
ypre
ss-F
airb
anks
IN
orth
Eas
t IFr
isco
IK
aty
ILe
wisv
ille
IPl
ano
IC
onro
e I
Lean
der I
Fort
Ben
d I
Aus
tin I
Sprin
g Br
anch
IK
lein
IM
ansf
ield
IK
elle
r IFo
rt W
orth
IR
ound
Roc
k I
Den
ton
IN
orth
wes
t ISa
n A
nton
io I
Sprin
g I
Pasa
dena
IC
lear
Cre
ek I
Hum
ble
IM
ount
ain-
Sagi
naw
ISo
corr
o I
Irvi
ng I
Lam
ar C
IC
omal
IM
cKin
ney
IA
llen
IG
rand
Pra
irie
IJu
dson
IA
rling
ton
IR
icha
rdso
n I
El P
aso
IG
oose
Cre
ek C
IBe
aum
ont I
Ald
ine
Irr
-San
Juan
-Ala
mo
IG
arla
nd I
Mes
quite
IR
ockw
all I
apev
ine-
Col
leyv
ille
Ion
-Far
mer
s Bra
nch
ITy
ler I
Cro
wle
y I
Burle
son
IBi
rdvi
lle I
6
Eag
le M
Phar
Gra
Car
rollt
o
Source: The MAC of Texas – As of August 31, 2013. Includes Voted and M&O Debt.
Top 50 Texas School Districts – Ranked By Bond Principal asa Percent of Taxable Value
Top 50 Texas School Districts – Ranked By Bond Principal as a Percent of Taxable Value
20%
18.5
%% %
16%
18%
20%
AV
As the 52nd largest school district, Birdville ISD’s debt burden ranks 160th in the State as a percentage of taxable
values that secure repayment of school district bonds.
16.4
16.1
%14
.9%
13.9
%13
.4%
.3%
0% % % %
12%
14%
tsta
ndin
g P
er T
A
12.
12.0
11.6
%11
.5%
11.4
%11
.3%
11.2
%11
.1%
10.8
%10
.8%
10.5
%10
.5%
10.3
%10
.1%
9.9%
9.9%
9.8%
9.8%
9.4%
9.2%
9.1%
9.0%
8.8%
8.7%
8.7%
8.3%
8.3%
8.1%
8.1%
8.0%
8.0% .9%
7% 7% 5% % % % %%%% %
10.4
%
8%
10%
nd P
rinc
ipal
Out
d #
160
8 8 8 8 7 7. 7. 7.5
7.5
7.4
7.3 %
7.0%
7.0%7.1%7.2%
7.0%
2.8%4%
6%Bo
Ran
ked
2%
Rom
a IS
DA
nna
ISD
Har
land
ale
ISD
Prin
ceto
n IS
Dan
Ant
onio
ISD
La Jo
ya IS
DR
obst
own
ISD
Forn
ey IS
Dra
nde
City
CIS
DM
eliss
a IS
DC
lint I
SDSe
ttle
men
t ISD
Hut
to IS
DN
ew C
aney
ISD
Nee
dvill
e IS
DSa
n Ju
an-A
lam
oan
Ben
ito C
ISD
Libe
rty
Hill
ISD
Kin
gsvi
lle IS
DLa
ke W
orth
ISD
Pros
per I
SDD
onna
ISD
Cro
sby
ISD
rand
Pra
irie
ISD
Roy
se C
ity IS
DBu
rleso
n IS
DE
dgew
ood
ISD
Red
Oak
ISD
tn.-S
agin
aw IS
DSo
uthw
est I
SDM
issio
n C
ISD
Aub
rey
ISD
Enn
is IS
DLa
redo
ISD
Dic
kins
on IS
DLo
vejo
y IS
DE
verm
an IS
DR
oyal
ISD
Sprin
g IS
DM
ansf
ield
ISD
Sprin
gtow
n IS
D-C
ibol
o-U
C IS
DM
idlo
thia
n IS
DTa
ylor
ISD
Lanc
aste
r ISD
Lake
Dal
las I
SDFl
ores
ville
ISD
Sant
a Fe
ISD
Litt
le E
lm IS
DJu
dson
ISD
Bird
ville
ISD
7
Sout
h S
Rio
Gr
Whi
te N
Phar
r-S S L L Gr
Eag
le M
t SSc
hert
z- L
Source: Texas Comptroller of Public Accounts and The MAC of Texas – As of August 31, 2013. Includes Voted and M&O Debt. Excludes school districts with less than $100 Million of outstanding bond payments.
Top 50 Texas School Districts – Ranked By Total BondPrincipal Per Estimated Students Using Facilities
Top 50 Texas School Districts – Ranked By Total Bond Principal OutstandingPer Estimated Students Using Facilities (Current Enrollment x 30 Years)
p g
$1 750
$1,5
31,4
72
$1,500
$1,750
uden
t
Based upon the criteria herein, as the 52nd largest school district BirdvilleISD’s Bond Principal Outstanding Per Student ranks 164th in the State.
$1$1
,331
$1,2
62$1
,239
$1,2
37$1
,213
$1,1
73$1
,115
$1,1
06$1
,100
1,09
2,0
7105
617 11 0 3
$1,000
$1,250
utst
andi
ng P
er S
tu
$ $ $1 $1 $1, 0
$1,0
1$1
,01
$1,0
1$9
9 3
$979
$969
$944
$925
$913
$903
$892
$888
$874
$868
$866
$864
$863
$861
$860
$858
$841
$829
$819
$817
$813
$812
$801
$799
$788
$778
$771
$769
$762
$753
$766
$984
$750
ond
Pri
ncip
al O
u
ked
# 1
64
$281
$250
$500
D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D
Bo
Ran
k
Sunn
yval
e IS
DPr
ospe
r ISD
Libe
rty
Hill
ISD
Barb
ers H
ill IS
DLa
ke T
ravi
s ISD
Love
joy
ISD
Ann
a IS
DN
orth
wes
t ISD
Roy
al IS
DG
reen
woo
d IS
DFo
rney
ISD
Mel
issa
ISD
ount
ain-
Sagi
naw
ISD
Frisc
o IS
DC
arro
ll IS
DA
ledo
ISD
Mid
loth
ian
ISD
Hut
to IS
DPo
rt A
rthu
r ISD
Wim
berle
y IS
DBu
rleso
n IS
DLo
ngvi
ew IS
DLe
ande
r ISD
Arg
yle
ISD
Boer
ne IS
DSe
min
ole
ISD
Com
al IS
DLu
bboc
k-C
oope
r ISD
Whi
te S
ettle
men
t ISD
Aub
rey
ISD
t Ora
nge-
Cov
e C
ISLa
Por
te IS
DD
rippi
ng S
prin
gs IS
Dev
ine-
Col
leyv
ille
ISD
t Nec
hes-
Gro
ves I
SDE
nnis
ISD
Tom
ball
ISD
Nee
dvill
e IS
DD
ento
n IS
DA
llen
ISD
Cro
sby
ISD
Roc
kwal
l ISD
New
Can
ey IS
DSa
n M
arco
s CIS
DM
anor
ISD
Prin
ceto
n IS
DSh
eldo
n IS
DD
icki
nson
ISD
Alv
arad
o IS
DLa
ke D
alla
s ISD
Bird
ville
ISD
8Source: Texas Education Agency – PEIMS and The Municipal Advisory Council of Texas – As of August 31, 2013. Includes Voted and M&O Debt. Excludes school districts with fewer than $100 Million in Bond Payments.
Eag
le M
o L W
Wes D
Gra
pePo
rt
Top 50 Texas School Districts – Ranked By Total Bond Payments Outstanding
Top 50 Texas School Districts – Ranked By Total Bond Payments (Principal and Interest) Outstanding
y g
$5 000
$4,3
2722
$4,000
$5,000
s)
Birdville ISD’s Total Bond Payments Outstanding ranks 80th in the State.
$3,9
2$3
,338
$2,8
6268
790 5
$3,000
ymen
ts (
$Mill
ions
$$2
,6$2
,59
$2,4
55$2
,076
$1,6
991,
498
,407
365
321
24 22 20 5 0$2,000
Tot
al B
ond
Pay
nke
d #
80
$ $1,
$1,3
$1,3
$1,2
2$1
,22
$1,2
2$1
,20
$1,1
5 0
$1,0
44$1
,034
$1,0
15$9
93$9
85$9
61$9
25$9
20$9
13$9
04$9
01$8
95$8
49
$723
$711
$691
$661
$658
$638
$637
$634
$604
$601
$580
$577
$577
$564
$549$7
73$7
91
$567
$1,1
10
$358
$0
$1,000
D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D D DR
an
Dal
las I
SDH
oust
on IS
DN
orth
side
ISD
ypre
ss-F
airb
anks
ISD
Lean
der I
SDFr
isco
ISD
Nor
th E
ast I
SDK
aty
ISD
Lew
isvill
e IS
DC
onro
e IS
DPl
ano
ISD
Fort
Ben
d IS
DSp
ring
Bran
ch IS
DK
lein
ISD
Aus
tin IS
DM
ansf
ield
ISD
Den
ton
ISD
Kel
ler I
SDou
ntai
n-Sa
gina
w IS
DPa
sade
na IS
DN
orth
wes
t ISD
Rou
nd R
ock
ISD
Soco
rro
ISD
San
Ant
onio
ISD
Gra
nd P
rairi
e IS
DIr
ving
ISD
Hum
ble
ISD
Sprin
g IS
DC
omal
ISD
Fort
Wor
th IS
DC
lear
Cre
ek IS
Lam
ar C
ISD
Alle
n IS
DJu
dson
ISD
Roc
kwal
l ISD
McK
inne
y IS
DBe
aum
ont I
SDR
icha
rdso
n IS
DE
l Pas
o IS
Dev
ine-
Col
leyv
ille
ISD
San
Juan
-Ala
mo
ISD
Cro
wle
y IS
DG
oose
Cre
ek C
ISBu
rleso
n IS
Dhe
rtz-
Cib
olo-
UC
ISM
esqu
ite IS
DFo
rney
ISD
Arli
ngto
n IS
DA
ldin
e IS
DPr
ospe
r ISD
Bird
ville
ISD
9Source: Texas Education Agency – PEIMS and The Municipal Advisory Council of Texas – As of August 31, 2013. Includes Voted and M&O Debt.
Cy
Eag
le M
o
Gra
pePh
arr- Sch
Comparison of Certain Texas School Districts
Ranked By 2012/13 Student Enrollment
100 000
50380,000
100,000
83,
60,000
nrol
lmen
t
367
,030
40,000
Stud
ent E
n
26,3
85
13,3
88
24,1
9033,3
17,8
11
35
21,8
14
7,71
1
17,7
2824,4
43
25,7
7520,000
0
Fort
Wor
th IS
D
Irvi
ng IS
D
Kel
ler I
SD
rrol
lton-
Farm
ers
Bran
ch IS
D
Den
ton
ISD
McK
inne
y IS
D
Bird
ville
ISD
-Eul
ess-
Bedf
ord
ISD
Nor
thw
est I
SD
ount
ain-
Sagi
naw
ISD
evin
e-C
olle
yvill
eIS
D Car
roll
ISD
10
F
Car
Hur
st
Eag
le M
o
Gra
pe
Source: Texas Education Agency – PEIMS.
Comparison of Certain Texas School Districts (Continued)
Ranked By Total Student Enrollment Growth – Last 10 Years
16 000
11,6
00
9
13,2
58
,62612,000
14,000
16,000
rs)
9,91
9
9,16
410,
8,000
10,000
Incr
ease
(10
-Yea
r
4,17
0
2,42
2
,094
8894,000
6,000
dent
Enr
ollm
ent I
2 2,
484
8371,
8
(446
)
0
2,000Stud
(2,000)
Kell
er IS
D
Nor
thw
est I
SD
Den
ton
ISD
gle M
ount
ain-
Sagi
naw
ISD
McK
inne
y ISD
Irvi
ng IS
D
ort W
orth
ISD
ules
s-Be
dfor
dIS
D
Bird
ville
ISD
ollto
n-Fa
rmer
sBr
anch
ISD
Carro
ll IS
D
vine
-Col
leyvi
lleIS
D
11
N Eag S M Fo
Hur
st-E
u
Carro B
Gra
pev
Source: Texas Education Agency – PEIMS.
Comparison of Certain Texas School Districts (Continued)
Ranked By Percentage Student Enrollment Growth – Last 10 Years
250%
186.
8%
200%
250%
0-Y
ears
)
127.
0%
%
150%
men
t Inc
reas
e (1
0
65.9
%
60.0
%
.5%
6%
70.1
%
%% % %
50%
100%
e St
uden
t Enr
ollm
13.
10.6
3.3%8.5%
6.7%
3.0%
(3.2
%)
0%
Per
cent
ag
(50%)
Nor
thw
est I
SD
gle M
ount
ain-
Sagi
naw
ISD
Den
ton
ISD
Kell
er IS
D
McK
inne
y ISD
Irvi
ng IS
D
ules
s-Be
dfor
dIS
D
Bird
ville
ISD
Carro
ll IS
D
ollto
n-Fa
rmer
sBr
anch
ISD
ort W
orth
ISD
vine
-Col
leyvi
lleIS
D
12
N Eag S M
Hur
st-E
u
Carro B Fo
Gra
pev
Source: Texas Education Agency – PEIMS.
Comparison of Certain Texas School Districts (Continued)
Ranked By Bond Principal Outstanding
$800
$681
$673
72
$800
ns)
$
$627
$570
$63 2
$534
$491
$600
andi
ng (
$ M
illio
n
$345
5$302$3
31
$400
d P
rinc
ipal
Out
st
$235
$204
$200
Bon
d
$0
Kell
er IS
D
ort W
orth
ISD
Den
ton
ISD
Nor
thw
est I
SD
gle M
ount
ain-
Sagi
naw
ISD
Irvi
ng IS
D
McK
inne
y ISD
vine
-Col
leyvi
lleIS
D
ollto
n-Fa
rmer
sBr
anch
ISD
ules
s-Be
dfor
dIS
D Carro
ll IS
D
Bird
ville
ISD
13
Fo N Eag S M
Gra
pev
Carro B
Hur
st-E
uSource: Texas Education Agency – PEIMS and The Municipal Advisory Council of Texas – As of August 31, 2013. Includes Voted and M&O Debt.
Comparison of Certain Texas School Districts (Continued)
Ranked By Bond Principal Outstanding PerEstimated Students Using Facilities (Current Enrollment x 30 Years)
$1 250
$1,1
73
,071
17
$1,000
$1,250
$1
$860
$817
$1,0
1
1
$750
ipal
Per
Stu
dent
$509
$681
19
$670
$462
$500
Tot
al B
ond
Pri
nci
$281
$4
$268
$
$250
T
$0
Nor
thw
est I
SD
gle M
ount
ain-
Sagi
naw
ISD
Carro
ll IS
D
vine
-Col
leyvi
lleIS
D
Den
ton
ISD
Kell
er IS
D
McK
inne
y ISD
Irvi
ng IS
D
ules
s-Be
dfor
dIS
D
ollto
n-Fa
rmer
sBr
anch
ISD
Bird
ville
ISD
ort W
orth
ISD
14
N Eag S
Gra
pev M
Hur
st-E
u
Carro B Fo
Source: Texas Education Agency – PEIMS and The Municipal Advisory Council of Texas – As of August 31, 2013. Includes Voted and M&O Debt.
Comparison of Certain Texas School Districts (Continued)
Ranked By Bond Principal Outstanding as a Percent of Taxable Value
10%
9.0%
10%
V
6.0%
7%6.1%
.8%
8%
stan
ding
Per
TA
V
%
6
5.7
5.
5.2%
4.0%
6%
nd P
rinc
ipal
Out
s
3.4%
3.1%
2.5%2.
8%
2.2%
4
4%Bon
2%
gle M
ount
ain-
Sagi
naw
ISD
Nor
thw
est I
SD
Den
ton
ISD
Irvi
ng IS
D
Kell
er IS
D
McK
inne
y ISD
Carro
ll IS
D
ules
s-Be
dfor
dIS
D
vine
-Col
leyvi
lleIS
D
Bird
ville
ISD
ort W
orth
ISD
ollto
n-Fa
rmer
sBr
anch
ISD
15Source: Texas Comptroller of Public Accounts – Property Tax Assistance Division and The MAC of Texas – As of August 31, 2013. Includes Voted and M&O Debt.
Eag S N M
Hur
st-E
u
Gra
pev Fo
Carro B
Comparison of Certain Texas School Districts (Continued)
Ranked By Total Bond Payments (Principal and Interest) Outstanding
$1 400
205
0
$1,200
$1,400
llion
s)
$1,
$1,1
5
$1,1
10
$925
901$1
,034$1,000
utst
andi
ng (
$ M
il
$
$638
$
$711
$600
$800
ond
Pay
men
ts O
u
$
$392
$358
$445$4
79
$400Tot
al B
o
$200
Den
ton
ISD
Kell
er IS
D
gle M
ount
ain-
Sagi
naw
ISD
Nor
thw
est I
SD
Irvi
ng IS
D
ort W
orth
ISD
McK
inne
y ISD
vine
-Col
leyvi
lleIS
D
ules
s-Be
dfor
dIS
D
ollto
n-Fa
rmer
sBr
anch
ISD
Carro
ll IS
D
Bird
ville
ISD
16Source: The Municipal Advisory Council of Texas – As of August 31, 2013. Includes Voted and M&O Debt.
Eag S N Fo M
Gra
pev
Hur
st-E
u
Carro B
Comparison of Certain Texas School Districts (Continued)
Ranked By Total Bond Payments (Principal and Interest) Outstanding PerEstimated Students Using Facilities (Current Enrollment x 30 Years)
$2 500
088$2,000
$2,500
$2,0
$1,9
35
$1,6
93
1,55
8
1,58
8$1,500
ents
Per
Stu
dent
$1
880$1
,148
$
$970
$1,000
Tot
al B
ond
Pay
me
$8
$493
$360
$562
$732
$500
T
$0
gle M
ount
ain-
Sagi
naw
ISD
Nor
thw
est I
SD
Carro
ll IS
D
vine
-Col
leyvi
lleIS
D
Den
ton
ISD
Kell
er IS
D
McK
inne
y ISD
Irvi
ng IS
D
ules
s-Be
dfor
dIS
D
ollto
n-Fa
rmer
sBr
anch
ISD
Bird
ville
ISD
ort W
orth
ISD
17
Eag S N
Gra
pev M
Hur
st-E
u
Carro B Fo
Source: Texas Education Agency – PEIMS and The Municipal Advisory Council of Texas – As of August 31, 2013. Includes Voted and M&O Debt.
Comparison of Certain Texas School Districts (Continued)
Ranked By Total Tax Rate – Year 2013/14
$1 70
$1.6
700
$1.60
$1.70
$1.5
400
0
$1.5
400
$1.5
300
$1.50
- Yea
r 20
13/1
4
$1.4
650
$1.4
000
.387
5$1.4
350
$1.4
525
$1.40
Tot
al T
ax R
ate
-
$1.3
235
$1.3
220
$
$1.3
201$1
.
$1.30
$1.20
McK
inne
y ISD
gle M
ount
ain-
Sagi
naw
ISD
Kell
er IS
D
Den
ton
ISD
Irvi
ng IS
D
Nor
thw
est I
SD
Bird
ville
ISD
Carro
ll IS
D
ules
s-Be
dfor
dIS
D
ollto
n-Fa
rmer
sBr
anch
ISD
ort W
orth
ISD
vine
-Col
leyvi
lleIS
D
18Source: Texas Comptroller of Public Accounts – Property Tax Assistance Division.
M
Eag S N
Hur
st-E
u
Carro B Fo
Gra
pev
Comparison of Certain Texas School Districts (Continued)
Ranked By I&S Tax Rate – Year 2013/14
$0 55
4900
0.50
00
0.50
00$0.50
$0.55
$0.4
$0.4
125
$0 $0
$0.4
250
3950
0
$0.40
$0.45
Yea
r 20
13/1
4
$0.3
600
$0.3
475
835
820
$
801
$0.
$0.3
70
$0.30
$0.35
I&S
Tax
Rat
e -
$0.2
8
$0.2
8
$0.2
8
$0.20
$0.25
$0.15
McK
inne
y ISD
Kell
er IS
D
Den
ton
ISD
Irvi
ng IS
D
Nor
thw
est I
SD
Bird
ville
ISD
gle M
ount
ain-
Sagi
naw
ISD
Carro
ll IS
D
ules
s-Be
dfor
dIS
D
ollto
n-Fa
rmer
sBr
anch
ISD
ort W
orth
ISD
vine
-Col
leyvi
lleIS
D
19Source: Texas Comptroller of Public Accounts – Property Tax Assistance Division.
Historical Taxes for a $104,972 Average Taxable Home Value
Historical Taxes – For a $104,972 Average Taxable Home Value
$159 56
$1,697.40
$1,506.35 $1,506.35 $1,506.35
$2,000
$159.56
$414.64 $414.64 $414.64
$1,500
$1,537.84
$1,000
Tax
es
$1,091.71 $1,091.71 $1,091.71$500
$02005/06 2011/12 2012/13 2013/14
21
Maintenance & Operations Taxes Interest & Sinking Fund Taxes
Source: Tarrant Appraisal District.
Specialized Texas School District Finance Team
Since the financial operations of Texas school districts are unique and the fiscal challenges/solutions are differentfrom other municipal entities, BOSC, Inc. formed its “Texas School District Finance Team” to providecomprehensive and specialized financial services to Texas public school districts.
William J. GumbertHead of Municipal (Tier I) Sales, Trading and UnderwritingManaging Director, Co-Director of Texas Public Finance
333 West Campbell Road, Suite 350 │ Richardson, Texas 75080E Mail: bgumbert@boscinc com
Mike JollyInvestment Banker, Texas Public Finance
333 West Campbell Road, Suite 350 │ Richardson, Texas 75080E-Mail: [email protected]
│ │
Omar GarciaInvestment Banker, Texas Public Finance
Dr. Cathy BryceInvestment Banker, Texas Public Finance
333 West Campbell Road, Suite 350 │ Richardson, Texas 75080E-Mail: [email protected]: 214.477.5972│ Fax: 214.576.0890
Securities offered by BOSC, Inc., Registered Investment Advisor, a registered Broker/Dealer, Member FINRA/SIPC
Alison M. LongInvestment Banker, Texas Public Finance
Securities offered by BOSC, Inc., Registered Investment Advisor, a registered Broker/Dealer, Member FINRA/SIPC
Allen Mattson, CFADirector, Municipal Underwriting and Trading
22
333 West Campbell Road, Suite 350 │ Richardson, Texas 75080E-Mail: [email protected]: 214.576.0881 │ Mobile: 254.744.4555 │ Fax: 214.576.0890
Securities offered by BOSC, Inc., Registered Investment Advisor, a registered Broker/Dealer, Member FINRA/SIPC
333 West Campbell Road, Suite 350 │ Richardson, Texas 750801200 N. Mayfair Road, Suite 303 │ Milwaukee, Wisconsin 53226E-Mail: [email protected]: 214.576.0872 │ Mobile: 203.556.1808
Securities offered by BOSC, Inc., Registered Investment Advisor, a registered Broker/Dealer, Member FINRA/SIPC
Disclosures Pursuant to MSRB Rule G-23
In accordance with Rule G-23 of the Municipal Securities Rulemaking Board (“MSRB”) (as set forth in MSRBNotice 2011-29 made effective on November 27, 2011), BOSC, Inc. is not acting as a financial advisor ormunicipal advisor in connection with the potential sale of the District’s municipal securitiesmunicipal advisor in connection with the potential sale of the District s municipal securities.
BOSC, Inc. proposes to be an underwriter for the potential sale of the District’s municipal securities. The primaryrole of an underwriter, as distinguished from a financial advisor, is to purchase, or arrange for the placement of,
i i i ’ l h i l i b h Di i d h d i Th d isecurities in an arm’s-length commercial transaction between the District and the underwriter. The underwriterhas financial and other interests that differ from those of the District. BOSC, Inc. and its affiliates engage in abroad range of securities transactions and activities, financial services and other relationships from time to timethat involves interests that differ from those of the District.
However, as part of our bond underwriting services, BOSC, Inc. may provide advice concerning the structure,timing, terms and other similar matters regarding the sale of municipal securities.
We encourage the District to consider any such advice in consultation with its financial advisor, bond counsel orother applicable financing team member to ensure the bond sale process is completed within the expectations ofthe District.
