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Senate Bill No. 875

Developed by Commissioner together with Comptroller of Public Accounts

Proposal presented to Legislature December 2000

Proposed 21 standards for evaluating district financial condition

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Facilitate Effective and Efficient Use of Resources

Strengthen Fiscal Accountability

Use of currently collected data ◦ Annual Audit Report◦ PEIMS◦ AEIS◦ Accountability Rating

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Provide analysis tool for school officials

Increase the Proportion of Resources Used in Direct Instructional Activities

Increase Efficient Use of Resources in School Support Activities

Identify and Recognize Outstanding Performance

Increase Financial Well Being of Public Schools

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Rating Worksheet – Five Major Areas with 22 Indicators

1. Critical Indicators (7)2. Fiscal Responsibility and Academic

Performance (5)3. Budgeting (3)4. Personnel (3)5. Cash Management (4)

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Rating Worksheet – Five Major Areas with 22 Questions

Superior Achievement: 75 >(Yes to Indicator 7)

Above Standard Achievement: 65-74(No to Indicator 7)

Standard Achievement: 55-64

Substandard Achievement: <55 or No to “CRITICAL”

indicators

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The La JoyaThe La Joya

Independent School Independent School District District

earned aearned a““Superior AchievementSuperior Achievement ” ”

Rating for the Year EndingRating for the Year Ending

August 31, 2009August 31, 2009

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1. Was the Total Fund Balance Less Reserved Fund Balance Greater Than Zero in the General Fund?

La Joya ISD Fund Balance = $53,600,781

2. Was the Total Unrestricted Net Asset Balance in the Governmental Activities Column in the Statement of Net Assets Greater than Zero?

Net Asset Balance = $62,535,3538

3. Were There No Disclosures in the Annual Financial Report and/or Other Sources of Information Concerning Default on Bonded Indebtedness Obligations

No default on Bond indebtedness-The District made all of their bond payments.

4. Was the Annual Financial Report Filed Within One Month After the Deadline?

Due Date = Feb 28, 2010La Joya ISD filed Jan 25,

2010

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5. Was there an Unqualified Opinion in Annual Financial Report?

La Joya ISD’s Audit Report= Unqualified Opinion

6. Did the Annual Financial Report Not Disclose any Instance (s) of Material Weaknesses in Internal Controls?

La Joya ISD Audit Report = No material weakness

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7. Did the District’s Academic Rating Exceed Academically Unacceptable?

The District did not receive an academically unacceptable rating

8. Was the Three Year Average Percent of Total Tax Collections Greater than 98 percent? - measures district’s success in collecting the taxes

Tax Collection Rate = 101%

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9. Did the Comparison of PEIMS Data to like information in the Annual Financial Report Result in an Aggregate Variance of Less than 3% of Expenditures per Fund Type - indicator measures the quality of data

La Joya ISD Variance = .03%

10. Were Debt-Related Expenditures Less than $350 per student? - spend money on education, rather than fancy buildings

Debt Related Expenditures =$263.25

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11. Was There No Disclosure in the Annual Audit Report of Material Noncompliance?

La Joya ISD Audit Report = No Material Noncompliance

12. Did the District Have Full Accreditation Status in Relation to Financial Management Practices? -

Yes

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13. Budgeted Expenditures and Other Uses LESS THAN Total Revenues, Other Resources, and Fund Balance in General Fund?

Fund Balance = $ 71,368,845Revenues = $ 214,716,026Expenditures = $(241,037,452)Difference = $ 45,047,419

14. If the District’s Aggregate Fund Balance in the General Fund and Capital Projects Fund was LESS THAN Zero, were Construction Projects Adequately Financed?

General Fund Balance =$63,360,121

Capital Projects Fund Balance =$76,935,231

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15. Was the ratio of Cash and Investments to Deferred Revenues in the General Fund Greater Than or Equal to 1:1?

Cash and Investments $ 82,819,352 Deferred Revenues $ 2,272,468Ratio 36.44

16. Was the Administrative Cost Ratio less Than the Threshold Ratio?

Standard = 11.05%La Joya ISD = 6.72%

5 4 3 2 1 0

>= 1.00 =>.95 <1.00

>=.90 <.95

=>.85 <.90

=>.80 <.85

<.80

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17. Was the Ratio of Students to Teachers Within the Range According to District Size?

Standard = 13.5 to 22La Joya ISD =

14.803

18. Was the Ratio of Students to Total Staff Within the Range According to District Size?

Standard = 7.0 to 14 La Joya ISD = 7.17

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=100% >=95%<100%16

19. Was the Total Fund Balance in the General Fund More than 50 percent and Less than 150 percent of Optimum Fund Balance?

Optimum Fund Balance = $63,259,340

General Fund Balance = $63,360,121

20. Was the Decrease in Undesignated Unreserved Fund Balance less than 20 percent over Two Fiscal Years?

Revenues $213,544,241Expenditures $216,605,519Acceptable Expenditure/Revenue Gap $ (3,061,278)

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<150% >=150% =<152.5%

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21. Was the Aggregate Total of Cash and Investments in the General Fund More Than $0?

General Fund Cash and Investments = $82,819,352

22. Were Investment Earnings in All Funds More than $20 Per Student?

Investment Earnings $3,142,454Number of Students 26,994La Joya ISD investments/student = $116.41

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>20 >19<=2018