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Page 1: January 2015 Financial Report Year 2014 2015€¦ · January 31, 2015 Adjusted Budget Actual Remaining Budget Percentage Recognized/ Expended Adjusted Budget Actual Percentage Recognized

January 2015 Financial ReportYear 2014‐2015

1

Page 2: January 2015 Financial Report Year 2014 2015€¦ · January 31, 2015 Adjusted Budget Actual Remaining Budget Percentage Recognized/ Expended Adjusted Budget Actual Percentage Recognized

January 31, 2015

Adjusted Budget Actual Remaining Budget

PercentageRecognized/

Expended Adjusted Budget Actual

PercentageRecognized/

Expended

REVENUE57xx Local revenue 303,467,593$ (a) 230,461,790$ (a) 73,005,803$ 76% 285,094,256$ 239,497,642$ 84%58xx State program revenues 249,820,661 134,239,557 115,581,104 54% 246,268,589 130,046,258 53%59xx Federal program revenues 6,375,000 5,789,888 585,112 91% 5,570,188 4,905,677 88%

Total Revenue 559,663,254 370,491,234 189,172,020 66% 536,933,033 374,449,577 70%

EXPENDITURES BY FUNCTIONINSTRUCTION 350,695,622 152,207,077 198,488,545 43% 318,351,538 168,518,851 53%INSTRUCTIONAL RESOURCES MEDIA 8,177,789 3,496,253 4,681,535 43% 7,271,191 3,939,719 54%CURRICULUM DEVELOPMENT 7,956,820 3,055,274 4,901,546 38% 5,595,592 2,348,998 42%INSTRUCTIONAL LEADERSHIP 6,214,308 5,032,900 1,181,407 81% (f) 5,636,121 3,041,754 54%SCHOOL LEADERSHIP 34,325,281 19,597,739 14,727,542 57% 31,798,311 17,590,982 55%GUIDANCE COUNSELING EVALUATION 25,168,148 12,789,310 12,378,838 51% 22,525,188 12,153,169 54%SOCIAL WORK SERVICES 695,508 449,641 245,867 65% (f) 718,956 252,996 35%HEALTH SERVICES 7,337,692 2,989,639 4,348,053 41% 6,482,020 3,308,481 51%STUDENT TRANSPORTATION 19,186,101 8,258,229 10,927,873 43% 17,275,081 8,465,340 49%CO CURRICULAR EXTRA CURRICULAR 12,982,427 6,162,799 6,819,628 47% 13,205,680 5,256,095 40%GENERAL ADMINISTRATION 13,592,579 7,835,267 5,757,312 58% 12,556,071 6,639,064 53%FACILITIES MAINT AND OPERATION 57,527,343 32,251,553 25,275,790 56% 54,695,552 30,067,278 55%SECURITY & MONITORING 6,176,558 3,528,931 2,647,626 57% 5,570,723 3,124,641 56%DATA PROCESSING 12,084,231 7,001,122 5,083,109 58% 10,857,412 6,289,994 58%COMMUNITY SERVICES 802,414 (b) 280,533 521,881 35% 6,088,544 2,929,043 48%FACILITIES ACQUISITION 25,000 292,906 (267,906) 1172% (d) 1,511,949 185,291 12%PAYMENT TO MEMBER/SSA 493,470 214,298 279,172 43% 523,530 236,745 45%OTHER INTERGOVERNMENTAL CHARGE 2,250,000 1,446,317 803,683 64% 2,260,000 1,169,096 52%

565,691,288 266,889,787 (c) 298,801,501 47% 522,923,458 275,517,537 53% Excess (Deficiency) of Revenues

Over (Under) Expenditures (6,028,034) 103,601,447 14,009,575 98,932,039

7xxx Other financing sources - 33,324 (33,324) - 53,475 8xxx (Other financing uses) - - - (29,235,301) (10,269,884) 35%

Net Change (6,028,034) 103,634,772 (15,225,726) 88,715,631

EXPENDITURES BY MAJOR OBJECT61xx Payroll Costs 480,676,924 219,745,136 260,931,788 46% 436,212,333 234,497,499 54%62xx Purchased and contracted services 39,534,127 22,151,276 17,382,851 56% 37,778,125 18,635,680 49%63xx Supplies and Materials 32,381,582 18,125,407 14,256,175 56% 32,006,680 14,680,937 46%64xx Other operating expenditures 11,612,811 5,912,715 5,700,096 51% 11,960,018 6,836,292 57%65xx Debt service - - - - - 66xx Capital Outlay 1,485,845 955,253 530,592 64% 4,966,302 867,129 17%

Total Expenditures 565,691,288 266,889,787 298,801,501 47% 522,923,458 275,517,537 53%

FUND BALANCE AS OF 6/30/2014 6/30/2014Nonspendable (inventories & prepaids) 3,620,947$ Committed: Capital Expenditures for equipment & instructional materials 13,867,000 Unassigned (e) 152,943,145

170,431,092$

July 2013 - January 2014

FORT BEND ISD

Interim Statement of Revenues and ExpendituresGENERAL OPERATING FUND

July 2014 - January 2015Current Year, YTD Prior Year, YTD

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January 31, 2015

Adjusted Budget Actual Remaining Budget

PercentageRecognized/

Expended Adjusted Budget Actual

PercentageRecognized/

Expended

July 2013 - January 2014

FORT BEND ISD

Interim Statement of Revenues and ExpendituresGENERAL OPERATING FUND

July 2014 - January 2015Current Year, YTD Prior Year, YTD

Notes to the Financials:(a) There is currently over $690 million of property value under ARB (Appraisal Review Board) as of 1/31/15 compared to less than $1 million of value under ARB as of 1/31/14. The Chief Appraiser stated a majority of the ARB value should be resolved by March 2015. Collections from February 1st-7th 2015 were $43.1 million compared to $29.3 to the same time last year.(b) Extended Day revenue and expenditures have been moved to an enterprise fund as outlined in the Fiscal Strategy.

(c) Actual expenditures for prior year includes a wage accrual but actual expenditures for fiscal year 2015 do not include this accrual. (d) The variance in facilities acquisition is due to a purchase order from last year for temporary buildings that were not received until after 6/30/14. A budget amendment reclassing an amount from function 51 to function 81 for that purchase order that rolled into FY 2014-15 will be presented to the Board in the Spring of 2015.(e) The assigned fund balance from 6/30/14 of $9.2 million for purchase orders outstanding was reclassed to unassigned fund balance due to Budget Amendment approved by the Board at the 9/17/14 Board meeting.(f) A budget amendment will be presented to the Board in the Spring of 2015 to add budget to these functions and reduce budget in other functions.

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Page 4: January 2015 Financial Report Year 2014 2015€¦ · January 31, 2015 Adjusted Budget Actual Remaining Budget Percentage Recognized/ Expended Adjusted Budget Actual Percentage Recognized

January 31, 2015

Adjusted Budget Actual Remaining Budget

PercentageRecognized/

Expended Adjusted Budget Actual

PercentageRecognized/

Expended

REVENUE57xx Local revenue 12,079,501$ 6,785,307$ 5,294,194$ 56% 12,000,000$ 6,824,189$ 57%58xx State program revenues 128,290 71,272 57,018 56% 142,492 74,712 52%59xx Federal program revenues 14,431,359 6,793,082 (a) 7,638,277 47% 13,768,151 5,827,480 42%

Total Revenue 26,639,150 13,649,661 12,989,489 51% 25,910,643 12,726,381 49%

EXPENDITURES BY FUNCTIONFOOD SERVICES 26,208,152 13,890,844 12,317,308 53% 25,027,014 12,175,139 49%FACILITIES MAINT AND OPERATION 741,790 236,185 505,605 32% 741,790 189,156 25%FACILITIES ACQUISITION 2,698,438 2,585,779 112,659 96% 7,195,000 366,735 5%

29,648,380 16,712,808 (b) 12,935,572 56% 32,963,804 12,731,030 39% Excess (Deficiency) of Revenues

Over (Under) Expenditures (3,009,230) (3,063,147) (7,053,161) (4,649)

7xxx Other financing sources - - - - - 8xxx (Other financing uses) - - - - -

Net Change (3,009,230) (3,063,147) (7,053,161) (4,649)

Fund Balance-Beginning 6/30/14 8,567,847Fund Balance-Ending 5,558,617$

EXPENDITURES BY MAJOR OBJECT61xx Payroll Costs 11,691,731 6,047,813 5,643,918 52% 11,122,817 5,498,912 49%62xx Purchased and contracted services 1,471,588 450,058 1,021,530 31% 1,384,985 362,931 26%63xx Supplies and Materials 12,964,311 7,551,016 5,413,295 58% 12,698,710 6,310,961 50%64xx Other operating expenditures 38,222 15,713 22,509 41% 34,198 7,895 23%65xx Debt service - - - - - 66xx Capital Outlay 3,482,528 2,648,208 834,320 76% 7,723,094 550,331 7%

Total Expenditures 29,648,380 16,712,808 12,935,572 56% 32,963,804 12,731,030 39%

Notes:(a ) Actual federal revenue is higher in the current year than last year due to federal commodity revenue not booked last year until February 2014.(b) Actual expenditures for fiscal year 2014 includes a wage accrual for hourly employees but actual expenditures for fiscal year 2015 do not include this accrual.

July 2013 - January 2014

FORT BEND ISD

Interim Statement of Revenues and ExpendituresSCHOOL BREAKFAST & LUNCH

July 2014 - January 2015Current Year, YTD Prior Year, YTD

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January 31, 2015

Adjusted Budget Actual Remaining Budget

PercentageRecognized/

Expended Adjusted Budget Actual

PercentageRecognized/

Expended

REVENUE57xx Local revenue 85,210,046$ 65,508,262$ 19,701,784$ 77% (a) 76,981,897$ 66,774,723$ 87%58xx State program revenues - - - - - 59xx Federal program revenues - - - - -

Total Revenue 85,210,046 65,508,262 19,701,784 77% 76,981,897 66,774,723 87%

EXPENDITURES BY FUNCTIONDEBT SERVICE 73,409,144 35,276,919 38,132,225 48% 75,000,000 38,473,652 51%

73,409,144 35,276,919 38,132,225 48% 75,000,000 38,473,652 51% Excess (Deficiency) of Revenues

Over (Under) Expenditures 11,800,902 30,231,343 1,981,897 28,301,071

7xxx Other financing sources - - - - - 8xxx (Other financing uses) - - - - -

Net Change 11,800,902 30,231,343 1,981,897 28,301,071

Fund Balance-06/30/14 50,325,109 50,325,109 Fund Balance-Ending 62,126,011$ 80,556,452$

(a) There is currently over $690 million of property value under ARB (Appraisal Review Board) as of 1/31/15 compared to less than $1 million of value under ARB as of 1/31/14. The Chief Appraiser stated a majority of the ARB value should be resolved by March 2015. Collections from February 1st- 7th 2015 were $43.1 million compared to $29.3 to the same time last year.

Note: The next debt payments due are: $34,439,720 due 2/15/15, $49,629,546 due 8/15/15 and $373,388 due 11/15/15 for a total of $84,442,654. These payments due not include any additional payments for new debt or closing costs which the District expects to issue in late FY 2015 or early FY 2016.

July 2013 - January 2015

FORT BEND ISD

Interim Statement of Revenues and ExpendituresDEBT SERVICE FUNDS

July 2014 - January 2015Current Year, YTD Prior Year, YTD

5

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FORT BEND ISDCAPITAL PROJECTS FUNDSInterim Statement of Revenues and ExpendituresJanuary 31, 2015

Current Year, YTD Prior Year, YTD July-Jan 2015 July-Jan 2014

Actual Actual

REVENUE Notes: Local revenue 16,852$ 25,988$ (a) The District has $63 million of unissued debt from the 2007State program revenues - - Bond Referendum. This is comprised of the following: Federal program revenues - - Buses 3,000,000$

Total Revenue 16,852 25,988 Elementary School 16,400,000 Middle School 43,600,000

EXPENDITURES BY FUNCTION Total Unissued 63,000,000$ Instruction 147,911 - Student Transportation 2,997,390 - (b) The District has $484 million of unissued debt from the 2014 Facilities Maint and Operations 100,118 - Bond Referendum. Security & Monitoring 747,576 18,989 Data Processing 317,337 (141,889) (d) (c) Represents expenses incurred for 2014 Bond projects that Facilities Acquisition 11,885,469 3,353,000 have been started but not funded. Part of the 2014 Bond is

16,195,800 3,230,099 expected to be issued in the Summer of 2015. Excess (Deficiency) of Revenues

Over (Under) Expenditures (16,178,948) (3,204,111) (d) The negative amount in Data Processing for last year wasan E-Rate check that was received in August 2013.

Other financing sources - - (Other financing uses)-Transfer to Technology Fund (18,983,357) -

Net Change (35,162,304) (3,204,111)

Fund Balance - Beginning 6/30/14 68,355,126$ Fund Balance - Ending 1/31/15 33,192,822$

Contingency Recap of Fund Balance Fund Balance (Incl in Fund Balance)

(b) 2014 Bond Remaining Projects (5,126,216) (c) - (a) 2007 Bond Remaining Projects 29,091,515 16,117,965

2003 Bond Remaining Projects 9,220,321 8,554,586 1999 & PRIOR Bond Projects 7,202 21

33,192,822$ 24,672,572$

ES #46(Aliana)-Additonal funds needed after $16.4 million is issued from 2007 Bond (2,100,000) MS #15(Sienna)-Additional funds neeeded after $43.6 million is issued from 2007 Bond (11,400,000) Buses purchased July 2014 (to be returned to contingency when 2007 Bonds are issued) 3,000,000 Estimated Contingency after Budget Amendments 14,172,572$

6

Page 7: January 2015 Financial Report Year 2014 2015€¦ · January 31, 2015 Adjusted Budget Actual Remaining Budget Percentage Recognized/ Expended Adjusted Budget Actual Percentage Recognized

INTERNAL SERVICE FUNDSInterim Statement of Revenues, Expenditures and Changes in Net AssetsJanuary 31, 2015

Health Insurance Fund

Workers Comp. Fund

Unemployment Fund Technology Fund

Current Year, YTD Current Year, YTD Current Year, YTD Current Year,

YTD

01/31/2015 01/31/2015 01/31/2015 01/31/2015

REVENUE57xx Local revenue 34,425,825$ 752,751$ 245,932$ -$

Total Revenue 34,425,825 752,751 245,932 -

EXPENDITURES BY MAJOR OBJECT61xx Payroll Costs 160,474 34,137 - - 62xx Purchased and contracted services 2,080,843 86,344 8,750 - 63xx Supplies and Materials - - - - 64xx Other operating expenditures 30,542,187 800,148 134,095 - 65xx Debt service - - - - 66xx Capital Outlay - - - -

Total Expenditures 32,783,503 920,629 142,845 -

Operating Income (Loss) 1,642,322 (167,877) 103,086 -

7955 Earnings from Investments 2,829 1,994 371 2,331 Transfers In (Out) - - - 18,973,356

Change in Net Assets 1,645,151 (165,883) 103,458 18,975,687

Total Net Assets - Beginning 6,731,278$ 5,705,572$ 1,604,807$ - Total Net Assets - Ending 8,376,429$ 5,539,688$ 1,708,265$ 18,975,687$

Internal Service Funds do not have a budget

FORT BEND ISD

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Page 8: January 2015 Financial Report Year 2014 2015€¦ · January 31, 2015 Adjusted Budget Actual Remaining Budget Percentage Recognized/ Expended Adjusted Budget Actual Percentage Recognized

Fort Bend Independent School DistrictExtended Day Fund Revenue and Expenses by Object and Major Object January 31, 2015

Adjusted Bgt.(all campuses)

Actual(all campuses)

RemainingBudget

TOTAL REVENUE 7,285,450$ 4,443,074$ 2,842,376$

EXPENDITURES:Payroll Costs 4,516,785 2,315,920 2,200,865

Purchased and contracted services 420,805 201,281 219,524

Supplies and materials 308,179 48,913 259,266

Other operating expenses 671,000 288,743 382,257

TOTAL EXPENDITURES 5,916,769 2,854,856 3,061,913

NET REVENUE 1,368,681$ 1,588,218$

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SpecialRevenueReport‐January 2015

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Page 10: January 2015 Financial Report Year 2014 2015€¦ · January 31, 2015 Adjusted Budget Actual Remaining Budget Percentage Recognized/ Expended Adjusted Budget Actual Percentage Recognized

SPECIAL REVENUE FUNDSInterim Statement of Revenues and ExpendituresJanuary 31, 2015

Fund Begin End Total Jan 2013-Jan 2015 RemainingSpecial Revenue Fund Number Date Date Award Actual Budget

Texas McKinney-Vento Homeless Education TEXSHEP 206 9/1/2014 8/31/2015 40,500$ 16,592$ 23,908$

ESEA, Title I, Part A - Improving Basic Programs 211 7/1/2014 9/30/2015 11,063,189 1,862,640 9,200,549

Title I Priority and Focus School Grant - Briargate Elementary 211 10/24/2014 9/30/2015 16,000 - 16,000

IDEA - Part B, Formula 224 7/1/2014 9/30/2015 17,662,677 4,470,529 13,192,148

IDEA - Part B, Preschool 225 7/1/2014 9/30/2015 220,289 43,433 176,856

Carl D Perkins Basic Formula Grant 244 7/1/2014 6/30/2015 548,785 156,551 392,234

ESEA, Title II, Part A - Teacher and Principal Training and Recruiting 255 7/1/2014 9/30/2015 2,137,725 285,675 1,852,050

Title III, Part A - English Language Acquisition and Language Enhancement 263 7/1/2014 9/30/2015 1,375,507 336,441 1,039,066

Investing in Innovation (i3) Grant Year 4 289 7/1/2013 6/30/2015 34,335 27,973 6,362

Investing in Innovation (i3) Grant Year 5 289 7/1/2014 6/30/2016 21,300 5,513 15,787

Shared Services Arrangement

IDEA - Part B, Disc. Deaf 315 9/1/2014 8/31/2015 100,294 77,754 22,540

IDEA - Part B, Formula Deaf 316 7/1/2014 9/30/2015 117,106 39,987 77,119

IDEA - Part B, Preschool Deaf 317 7/1/2014 9/30/2015 15,548 7,417 8,131

IDEA - Part C, Early Intervention Deaf 340 9/1/2014 8/31/2015 3,645 1,019 2,626

Instructional Materials Allotment 410 7/1/2014 12,056,132 5,707,418 6,348,714

Law Enforcement Officer Standards and Education 427 7/1/2014 7,844 1,885 5,959

Region 4 Professional Development Grant 427 8/1/2014 7/31/2015 77,485 16,725 60,760

Shared Services Arrangement Regional Day School for the Deaf 435 9/1/2014 8/31/2015 3,274,085 1,018,944 2,255,141

The George Foundation - AVID Program Crockett MS 482 6/1/2013 5/31/2015 59,100 32,845 26,255

HEB Healthy Schools Grant - Glover Elementary 489 1/1/2013 12/31/2015 15,000 8,760 6,240

HEB Early Childhood Award - Ridgemont Early Childhood Center 489 2/6/2014 6/30/2015 5,000 1,081 3,919

Fort Bend Education Foundation 492 5/1/2014 3/31/2016 287,706 261,178 26,528

Ecolab Foundation - Hightower High School 493 7/1/2014 6/30/2015 30,000 - 30,000

United Health Foundation 493 7/16/2014 3/31/2015 5,000 4,371 629

The Discover Brighter Futures Fund - Kempner High School 493 3/1/2014 6/1/2015 5,200 3,937 1,263 49,179,452$ 14,388,668$ 34,790,784$

10

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InvestmentReport‐January 2015

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Page 13: January 2015 Financial Report Year 2014 2015€¦ · January 31, 2015 Adjusted Budget Actual Remaining Budget Percentage Recognized/ Expended Adjusted Budget Actual Percentage Recognized

Fort Bend ISDPortfolio Composition by Investment Type

Market ValueDescription AmountCash 26,888,101$ Money Market Funds 44,750,507 Texpool 61,953,929 Lone Star 61,387,568 TexStar 57,725,808 Texas Term 60,185,459 U.S. Agency Securities 114,734,340

427,625,711$

Fort Bend ISDPortfolio Composition by Fund

Market ValueDescripton AmountGeneral Fund 253,401,045$ (a)Food Service 4,204,018 Activity Funds 2,384,613 Debt Service 76,504,849 Capital Projects 41,528,677 Extended Day Program 1,742,060 Internal Service Fund 25,025,543 Technology Equip Fund 18,985,687 Trust and Agency 3,849,218

427,625,711$

(a) This includes all Special Revenue Fund Balances except for Food Service and Activity Funds. Some Special Revenue Fund balances are negative due to pending reimbursements.

January 31, 2015

January 31, 2015

Cash6.29% Money Market 

Funds10.46%

Texpool14.49%

Lone Star14.36%

TexStar13.50%

Texas Term14.07%

U.S. Agency Securities26.83%

Portfolio Composition by Investment Type 

General Fund59.26%

Food Service0.98%

Activity Funds0.56%

Debt Service 17.89%

Capital Projects 9.71%

Extended Day Program0.41%

Internal Service Fund5.85%

Technology Equip Fund4.44%

Trust and Agency 0.90%

Portfolio Composition by Fund

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Fort Bend ISDMaturity Schedule

Percent of Par

Portfolio Value0-3 mos 79.03% 337,891,371$ 3-6 mos 8.19% 35,000,000 6-9 mos 6.93% 29,645,000 9-12 mos 3.51% 15,000,000 12-15 mos 2.34% 10,000,000

100.00% 427,536,371$

Fort Bend ISDInvestment Income (YTD)

InterestDescripton Income (YTD)General Fund 227,679$ Food Service 2,386 Activity Funds 5,596 Debt Service 53,932 Capital Projects 16,852 Extended Day Program 62 Internal Service Fund 5,195 Technology Equip Fund 2,331

314,031$

January 31, 2015

January 31, 2015 79.03%

8.19% 6.93%3.51% 2.34%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

0‐3 mos 3‐6 mos 6‐9 mos 9‐12 mos 12‐15 mos

Percen

tage

 of P

ortfolio

Maturity

Maturity Schedule at Par Value

General Fund72.50%Food Service

0.76%

Activity Funds1.78%

Debt Service 17.17%

Capital Projects 5.37%

Extended Day Program0.02%

Internal Service Fund1.65% Technology Equip 

Fund0.74%

Interest Income (YTD)

14

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 ‐

 50

 100

 150

 200

 250

 300

 350

 400

 450

Feb‐14 Mar‐14 Apr‐14 May‐14 Jun‐14 Jul‐14 Aug‐14 Sep‐14 Oct‐14 Nov‐14 Dec‐14 Jan‐15

Market V

alue

(Millions)

Month

PORTFOLIO VALUE BY TYPE

Pools

Money Market Funds

Cash

Securities

0.00%

0.05%

0.10%

0.15%

0.20%

0.25%

Feb‐14 Mar‐14 Apr‐14 May‐14 Jun‐14 Jul‐14 Aug‐14 Sep‐14 Oct‐14 Nov‐14 Dec‐14 Jan‐15

Annu

al Yield

Month

Fort Bend ISD ‐ Comparative Yields

FBISD

3‐mo. T‐bill

6‐mo. T‐bill

Pool Average

15

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Fund CUSIP/Description Type Rating BrokerPurchase

DateMarket Value

7/01/14Par Value

1/31/15Total CostPurchased

Book Value1/31/15

Market Value1/31/15

Yield toMaturity

MaturityDate

Days toMaturity

Int Accrto Date

199 - General Operating Fund3133EA6V5 FFCB AA+ First Southwest 12/19/12 5,000,359 0 0 0 0 08/01/14 03133EAM70 FFCB AA+ Coastal Securities 02/07/13 3,000,535 0 0 0 0 08/21/14 03133ECB52 FFCB AA+ Stifel Nicolaus 01/30/13 5,000,332 0 0 0 0 07/28/14 03133ECB52 FFCB AA+ First Southwest 02/07/13 5,000,332 0 0 0 0 07/28/14 03133EA5X2 FFCB AA+ Coastal Securities 12/19/12 5,001,620 0 0 0 0 10/23/14 03133EC5G5 FFCB AA+ Coastal Securities 12/13/12 5,001,451 0 0 0 0 11/26/14 03133EARQ3 FFCB AA+ First Southwest 02/14/14 5,016,211 5,000,000 5,019,335 5,006,755 5,007,000 0.215 06/23/15 143 2,6393133ECJY1 FFCB AA+ First Southwest 04/18/13 5,003,708 5,000,000 5,000,193 5,003,708 5,001,300 0.268 03/26/15 56 4,6883133ECX74 FFCB AA+ First Southwest 11/20/13 5,006,588 5,000,000 5,003,620 5,006,588 5,001,950 0.256 07/13/15 163 7503133EDFC1 FFCB AA+ Stifel Nicolaus 02/14/14 4,999,057 5,000,000 4,997,750 4,999,057 5,000,400 0.230 08/14/15 194 4,6393133EDFC1 FFCB AA+ UBS Financial 02/20/14 4,999,057 5,000,000 4,998,450 4,999,057 5,000,400 0.221 08/14/15 194 4,6393133EDGC0 FFCB AA+ First Southwest 03/26/14 5,000,801 5,000,000 4,992,100 5,000,801 5,002,300 0.349 11/04/15 274 3,021FFCB Total 58,030,047 30,000,000 30,011,447 30,015,964 30,013,350 0.256 171 20,375

3130A0P38 FHLB AA+ First Southwest 01/21/14 5,002,049 5,000,000 4,998,450 5,002,049 5,004,200 0.281 07/21/15 171 3613130A0RA0 FHLB AA+ Coastal Securities 01/31/14 5,001,004 5,000,000 5,000,932 5,001,004 5,001,250 0.195 04/29/15 89 2,6833130A0RA0 FHLB AA+ UBS Financial 01/31/14 5,001,004 5,000,000 5,000,930 5,001,004 5,001,250 0.195 04/29/15 89 2,6833130A1P69 FHLB AA+ Coastal Securities 01/23/15 0 9,645,000 9,647,884 9,647,884 9,647,990 0.191 10/30/15 270 5,6083130A3KJ2 FHLB AA+ UBS Financial 01/14/15 0 5,000,000 5,000,400 5,000,400 5,001,450 0.313 03/18/16 408 3,0673130A3XX7 FHLB AA+ First Southwest 01/22/15 0 10,000,000 9,999,800 9,999,800 9,998,800 0.144 07/22/15 172 350313379ER6 FHLB AA+ First Southwest 11/20/13 5,012,592 5,000,000 5,019,819 5,005,246 5,005,600 0.245 06/12/15 132 3,194313383GC9 FHLB AA+ Coastal Securities 12/18/13 5,000,997 5,000,000 5,000,360 5,000,997 5,002,050 0.245 05/29/15 119 2,1533133XWX95 FHLB AA+ Coastal Securities 04/18/13 5,090,546 5,000,000 5,235,495 5,020,121 5,015,150 0.267 03/13/15 43 52,708FHLB Total 30,108,192 54,645,000 54,904,070 54,678,506 54,677,740 0.219 175 72,807

3134G2WG3 FHLMC AA+ Coastal Securities 01/24/13 5,006,892 0 0 0 0 09/22/14 03134G2YJ5 FHLMC AA+ First Southwest 01/24/13 5,003,473 0 0 0 0 09/19/14 03137EACY3 FHLMC AA+ Deutsche Bank 12/13/12 5,012,903 0 0 0 0 11/25/14 03134G3J76 FHLMC AA+ First Southwest 02/20/14 5,012,224 5,000,000 5,017,500 5,012,224 5,007,250 0.222 09/04/15 214 9,1883134G3W55 FHLMC AA+ First Southwest 03/26/14 5,010,165 5,000,000 5,008,000 5,010,165 5,008,700 0.353 11/25/15 295 4,1253137EADD8 FHLMC AA+ Coastal Securities 01/17/14 5,014,274 5,000,000 5,018,270 5,004,282 5,003,500 0.207 04/17/15 77 7,222FHLMC Total 30,059,930 15,000,000 15,043,770 15,026,671 15,019,450 0.261 195 20,535

3135G0DW0 FNMA AA+ Stifel Nicolaus 12/19/12 5,008,808 0 0 0 0 10/30/14 03135G0NV1 FNMA AA+ UBS Financial 02/14/14 5,016,941 5,000,000 5,020,300 5,009,035 5,010,050 0.249 09/28/15 238 8,5423135G0VA8 FNMA AA+ Wells Fargo 01/13/15 0 5,000,000 5,010,893 5,010,893 5,013,950 0.320 03/30/16 420 8,403FNMA Total 10,025,749 10,000,000 10,031,193 10,019,928 10,024,000 0.285 329 16,944

Fund 199 - LoneStar State Pool AAAm LoneStar 09/01/01 2,112,586 11,862,218 11,862,218 11,862,218 11,862,218 0.050 03/13/15 41 0Fund 199 - TexPool State Pool AAAm TexPool 09/01/01 2,142,245 36,320,583 36,320,583 36,320,583 36,320,583 0.040 03/15/15 43 0Fund 199 - TexStar State Pool AAAm TexStar 04/26/10 1,810,382 29,511,996 29,511,996 29,511,996 29,511,996 0.060 03/22/15 50 0Fund 199 - TexasTerm State Pool AAAm Texas Term 10/07/09 4,711,085 22,513,228 22,513,228 22,513,228 22,513,228 0.070 03/22/15 50 0State Pool Total 10,776,297 100,208,025 100,208,025 100,208,025 100,208,025 0.054 46 0

Fund 199 - Money Mkt Money Mkt Prosperity Bank 05/31/12 16,007,847 21,068,368 21,068,368 21,068,368 21,068,368 0.450 Open 1 0Money Market Total 16,007,847 21,068,368 21,068,368 21,068,368 21,068,368 0.450 1 0

Prosperity Bank Cash Prosperity Bank 05/31/12 1,986,231 22,390,112 22,390,112 22,390,112 22,390,112 0.450 Open 1 0Prosperity Bank Total 1,986,231 22,390,112 22,390,112 22,390,112 22,390,112 0.450 1 0

156,994,293 253,311,505 253,656,985 253,407,573 253,401,045 0.203 102 130,662

240 - Food ServiceFund 240 - TexPool State Pool AAAm TexPool 09/01/01 1,502,768 1,560,743 1,560,743 1,560,743 1,560,743 0.040 03/15/15 43 0Fund 240 - TexStar State Pool AAAm TexStar 12/01/12 8,826,285 2,077,331 2,077,331 2,077,331 2,077,331 0.060 03/22/15 50 0State Pool Total 10,329,052 3,638,074 3,638,074 3,638,074 3,638,074 0.051 47 0

Prosperity Bank Cash Prosperity Bank 05/31/12 358,385 565,944 565,944 565,944 565,944 0.450 Open 1 0Prosperity Bank Total 358,385 565,944 565,944 565,944 565,944 0.450 1 0

10,687,437 4,204,018 4,204,018 4,204,018 4,204,018 0.105 41 0

FBISD Portfolio Position1/31/2015

199 - General Fund Total

240 - Food Service Fund Total

16

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Fund CUSIP/Description Type Rating BrokerPurchase

DateMarket Value

7/01/14Par Value

1/31/15Total CostPurchased

Book Value1/31/15

Market Value1/31/15

Yield toMaturity

MaturityDate

Days toMaturity

Int Accrto Date

FBISD Portfolio Position1/31/2015

461 - Activity FundsFund 461 - TexPool State Pool AAAm TexPool 09/01/01 455,169 455,262 455,262 455,262 455,262 0.040 03/15/15 43 0Fund 461 - LoneStar State Pool AAAm LoneStar 12/12/12 3,777,072 1,929,351 1,929,351 1,929,351 1,929,351 0.050 03/13/15 41 0State Pool Total 4,232,241 2,384,613 2,384,613 2,384,613 2,384,613 0.048 41 0

4,232,241 2,384,613 2,384,613 2,384,613 2,384,613 0.048 41 0

500 - Debt Service Fund3130A0N48 FHLB AA+ First Southwest 01/24/14 7,499,693 0 0 0 0 07/24/14 03130A3WA8 FHLB AA+ First Southwest 01/13/15 0 5,000,000 4,999,000 4,999,000 4,999,800 0.270 01/12/16 342 660FHLB Total 7,499,693 5,000,000 4,999,000 4,999,000 4,999,800 0.270 342 0

Fund 599 - LoneStar State Pool AAAm LoneStar 09/01/01 775,761 6,483,798 6,483,798 6,483,798 6,483,798 0.050 03/13/15 41 0Fund 599 - TexPool State Pool AAAm TexPool 09/01/01 1,143,530 7,856,097 7,856,097 7,856,097 7,856,097 0.040 03/15/15 43 0Fund 599 - TexStar State Pool AAAm TexStar 04/27/10 8,791,499 17,581,918 17,581,918 17,581,918 17,581,918 0.060 03/22/15 50 0Fund 599 - TexasTerm State Pool AAAm Texas Term 01/04/10 8,507,455 15,901,043 15,901,043 15,901,043 15,901,043 0.070 03/22/15 50 0State Pool Total 19,218,245 47,822,855 47,822,855 47,822,855 47,822,855 0.059 48 0

Fund 599 - Money Mkt Money Mkt Prosperity Bank 05/31/12 25,196,413 23,682,139 23,682,139 23,682,139 23,682,139 0.450 Open 1 0Money Market Total 25,196,413 23,682,139 23,682,139 23,682,139 23,682,139 0.450 1 0

Prosperity Bank Cash Prosperity Bank 05/31/12 20 55 55 55 55 0.450 Open 1 0Prosperity Bank Total 20 55 55 55 55 0.000 0 0

51,914,369 76,505,049 76,504,049 76,504,049 76,504,849 0.194 53 0

600 - Capital Projects FundsFund 628 - LoneStar State Pool AAAm LoneStar 06/18/02 225,856 30,890 30,890 30,890 30,890 0.050 03/13/15 41 0Fund 629 - TexPool State Pool AAAm TexPool 02/17/04 283,360 74,370 74,370 74,370 74,370 0.040 03/15/15 43 0Fund 630 - TexPool State Pool AAAm TexPool 11/01/04 2,673,243 2,522,227 2,522,227 2,522,227 2,522,227 0.040 03/15/15 43 0Fund 631 - TexPool State Pool AAAm TexPool 11/16/05 71,507 71,522 71,522 71,522 71,522 0.040 03/15/15 43 0Fund 632 - LoneStar State Pool AAAm LoneStar 08/30/06 3,253,179 3,414,201 3,414,201 3,414,201 3,414,201 0.050 03/13/15 41 0Fund 632 - TexPool State Pool AAAm TexPool 08/22/06 3,437,272 3,114,314 3,114,314 3,114,314 3,114,314 0.040 03/15/15 43 0Fund 633 - TexasTerm State Pool AAAm Texas Term 10/16/09 48,623 1,943,235 1,943,235 1,943,235 1,943,235 0.070 03/22/15 50 0Fund 633 - Texpool State Pool AAAm TexPool 05/13/08 2,210,415 277 277 277 277 0.040 03/15/15 43 0Fund 634 - Lone Star State Pool AAAm LoneStar 08/12/09 10,349,892 8,198,057 8,198,057 8,198,057 8,198,057 0.050 03/13/15 41 0Fund 634 - TexasTerm State Pool AAAm Texas Term 10/07/09 17,085,703 16,585,151 16,585,151 16,585,151 16,585,151 0.070 03/22/15 50 0Fund 634 - Texpool State Pool AAAm TexPool 08/11/09 5,482,313 800,250 800,250 800,250 800,250 0.040 03/15/15 43 0Fund 635 - TexStar State Pool AAAm TexStar 12/13/12 4,546,317 4,554,121 4,554,121 4,554,121 4,554,121 0.060 03/22/15 50 0Fund 635 - Texpool State Pool AAAm TexPool 05/27/10 449,166 220,063 220,063 220,063 220,063 0.040 03/15/15 43 0Fund 636 - LoneStar State Pool AAAm LoneStar 06/25/14 11,000,096 0 0 0 0 0.020 03/13/15 41 0Fund 636 - TexPool State Pool AAAm TexPool 06/26/14 11,000,046 0 0 0 0 0.030 03/15/15 43 0State Pool Total 72,116,989 41,528,677 41,528,677 41,528,677 41,528,677 0.058 46 0

Prosperity Bank Cash Prosperity Bank 05/31/12 0 0 0 0 0 0.450 Open 1 0Prosperity Bank Total 0 0 0 0 0 0.450 1 0

72,116,989 41,528,677 41,528,677 41,528,677 41,528,677 0.058 46 0

700 - Internal Service FundsFund 753 - TexPool State Pool AAAm TexPool 02/21/14 4,528,862 5,261,151 5,261,151 5,261,151 5,261,151 0.040 03/15/15 43 0Fund 753 - TexStar State Pool AAAm TexStar 09/26/13 12,769,205 4,000,442 4,000,442 4,000,442 4,000,442 0.060 03/22/15 50 0Fund 753 - TexasTerm State Pool AAAm Texas Term 10/03/14 0 3,242,802 3,242,802 3,242,802 3,242,802 0.070 03/22/15 50 0Fund 771 - LoneStar State Pool AAAm LoneStar 12/18/14 0 7,979,792 7,979,792 7,979,792 7,979,792 0.050 03/13/15 41 0Fund 771 - TexPool State Pool AAAm TexPool 02/21/14 9,707,138 1,241,507 1,241,507 1,241,507 1,241,507 0.040 03/15/15 43 0Fund 774 - TexPool State Pool AAAm TexPool 02/21/14 1,788,706 1,725,265 1,725,265 1,725,265 1,725,265 0.040 03/15/15 43 0Fund 857 - TexPool (FSA) State Pool AAAm TexPool 09/03/14 0 248,425 248,425 248,425 248,425 0.030 03/15/15 43 0State Pool Total 28,793,911 23,699,384 23,699,384 23,699,384 23,699,384 0.051 44 0

Prosperity Bank Cash Prosperity Bank 05/31/12 35,375 1,326,159 1,326,159 1,326,159 1,326,159 0.450 Open 1 0Prosperity Bank Total 35,375 1,326,159 1,326,159 1,326,159 1,326,159 0.450 1 0

28,829,286 25,025,543 25,025,543 25,025,543 25,025,543 0.072 42 0

600 - Capital Projects Funds Total

700 - Internal Service Funds Total

Activity Funds Total

500 - Debt Service Funds Total

17

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Fund CUSIP/Description Type Rating BrokerPurchase

DateMarket Value

7/01/14Par Value

1/31/15Total CostPurchased

Book Value1/31/15

Market Value1/31/15

Yield toMaturity

MaturityDate

Days toMaturity

Int Accrto Date

FBISD Portfolio Position1/31/2015

711 - Extended Day ProgramProsperity Bank Cash Prosperity Bank 05/31/12 0 1,742,060 1,742,060 1,742,060 1,742,060 0.450 Open 1 0Prosperity Bank Total 0 1,742,060 1,742,060 1,742,060 1,742,060 0.450 1 0

0 1,742,060 1,742,060 1,742,060 1,742,060 0.450 1 0

780 - Technology Equipment FundFund 780 - LoneStar State Pool AAAm LoneStar 10/28/14 0 18,503,816 18,503,816 18,503,816 18,503,816 0.050 03/13/15 41 0Fund 780 - TexPool State Pool AAAm TexPool 10/28/14 0 481,872 481,872 481,872 481,872 0.040 03/15/15 43 0State Pool Total 0 18,985,687 18,985,687 18,985,687 18,985,687 0.050 41 0

0 18,985,687 18,985,687 18,985,687 18,985,687 0.050 41 0

800 - Trust & Agency FundsFund 865 - TexPool State Pool AAAm TexPool 09/01/01 0 0 0 0 0 0.050 01/17/15 48 0Fund 865AF - Lone Star State Pool AAAm LoneStar 12/12/12 2,984,563 2,985,446 2,985,446 2,985,446 2,985,446 0.050 03/13/15 41 0State Pool Total 2,984,563 2,985,446 2,985,446 2,985,446 2,985,446 0.050 41 0

Prosperity Bank Cash Prosperity Bank 05/31/12 166,864 863,771 863,771 863,771 863,771 0.450 Open 1 0Prosperity Bank Total 166,864 863,771 863,771 863,771 863,771 0.450 1 0

3,151,426 3,849,218 3,849,218 3,849,218 3,849,218 0.140 32 0

TOTAL PORTFOLIO 327,926,041 427,536,371 427,880,851 427,631,439 427,625,711 0.172 79 130,662

Portfolio % Policy %FFCB 58,030,047 30,000,000 30,011,447 30,015,964 30,013,350 7.02%FHLB 37,607,884 59,645,000 59,903,070 59,677,506 59,677,540 13.96%FHLMC 30,059,930 15,000,000 15,043,770 15,026,671 15,019,450 3.51%FNMA 10,025,749 10,000,000 10,031,193 10,019,928 10,024,000 2.34%

135,723,610 114,645,000 114,989,480 114,740,068 114,734,340 26.83% 60.00%

CASH 2,546,874 26,888,101 26,888,101 26,888,101 26,888,101 6.29%MONEY MARKETS 41,204,260 44,750,507 44,750,507 44,750,507 44,750,507 10.46% 60.00%STATE POOLS 148,451,298 241,252,764 241,252,764 241,252,764 241,252,764 56.42% 60.00%

TOTALS 327,926,041 427,536,371 427,880,851 427,631,439 427,625,711 100.00%

800 - Trust & Agency Funds Total

711 - Extended Day Program

780 - Technology Equipment Fund

0.172

0.055

0.050

0.000

0.000 0.020 0.040 0.060 0.080 0.100 0.120 0.140 0.160 0.180 0.200

FBISD Yield

Avg Pool Rate

6 mo. T‐Bill

3 mo. T‐Bill

18

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Tax Collection Report‐January 2015

19

Page 20: January 2015 Financial Report Year 2014 2015€¦ · January 31, 2015 Adjusted Budget Actual Remaining Budget Percentage Recognized/ Expended Adjusted Budget Actual Percentage Recognized

As Of January 31st:

CURRENT YEAR LEVY TAX YEAR:

ORIGINAL TAX LEVY $346,322,349.26 $320,855,761.22

ADJUSTMENTS YEAR-TO DATE $22,486,822.22 6.49% $23,184,811.53 7.23%

ADJUSTED TAX LEVY $368,809,171.48 $344,040,572.75

CURRENT COLLECTIONS YEAR-TO-DATE $288,444,978.69 78.21% $294,563,295.84 85.62%

CURRENT TAXES OUTSTANDING $80,364,192.79 21.79% $49,477,276.91 14.38%

PRIOR YEARS LEVY:

REMAINING PRIOR YEARS TAX LEVY $9,226,330.55 $9,321,943.31

REMAINING PRIOR YEARS ADJUSTMENT YEAR-TO-DATE $247,651.63 -$513,067.05

PRIOR YEARS ADJUSTED TAX LEVY $9,473,982.18 $8,808,876.26

PRIOR YEARS COLLECTIONS YEAR-TO-DATE $3,381,346.59 35.69% $2,937,984.07 33.35%

PRIOR YEARS OUTSTANDING YEAR-TO-DATE $6,092,635.59 64.31% $5,870,892.19 66.65%

PENALTY & INTEREST COLLECTED:

CURRENT COLLECTED YEAR-TO-DATE $0.00 $0.00

DELINQUENT COLLECTED YEAR-TO-DATE $627,511.43 $693,639.29

Fort Bend Independent School DistrictTax Collection Report

2014

2015 2014

2013

20

Page 21: January 2015 Financial Report Year 2014 2015€¦ · January 31, 2015 Adjusted Budget Actual Remaining Budget Percentage Recognized/ Expended Adjusted Budget Actual Percentage Recognized

259,291,802 254,717,916

266,300,137

294,563,296 288,444,979

-

50,000,000

100,000,000

150,000,000

200,000,000

250,000,000

300,000,000

350,000,000

2010-11 2011-12 2012-13 2013-14 2014-15FISCAL YEAR

ANALYSIS OF CURRENT YEAR LEVY COLLECTIONS This graph depicts the current year levy collected through

January 31st of the first year of collections

21

Page 22: January 2015 Financial Report Year 2014 2015€¦ · January 31, 2015 Adjusted Budget Actual Remaining Budget Percentage Recognized/ Expended Adjusted Budget Actual Percentage Recognized

82.85% 81.06% 82.76% 85.62%

78.21%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2010-11 2011-12 2012-13 2013-14 2014-15

FISCAL YEAR

ANALYSIS OF CURRENT YEAR COLLECTIONS This graph depicts the percentage of each years taxes collected through

January 31st of the first year of collections

22

Page 23: January 2015 Financial Report Year 2014 2015€¦ · January 31, 2015 Adjusted Budget Actual Remaining Budget Percentage Recognized/ Expended Adjusted Budget Actual Percentage Recognized

Cash FlowReport‐January 2015

23

Page 24: January 2015 Financial Report Year 2014 2015€¦ · January 31, 2015 Adjusted Budget Actual Remaining Budget Percentage Recognized/ Expended Adjusted Budget Actual Percentage Recognized

FORT BEND ISDCASH FLOW PROJECTIONS 2014-2015

GENERAL OPERATING FUND

TOTALS BUDGET DIFFERENCE

Beginning Cash Balance in Bank & Pools $ 156,994,293 $ 142,002,810 $ 134,421,844 $ 142,554,013 $ 133,930,364 $ 122,803,582 $ 205,809,431 $ 253,407,573 $ 256,236,757 $ 225,747,936 $ 201,825,644 $ 167,756,263 $ 156,994,293 $ N/A $ N/A

RECEIPTSTax Collections $ 1,177,397 412,410 396,974 257,367 8,126,879 131,227,407 89,682,683 44,044,737 16,376,960 2,446,930 1,835,913 1,364,463 297,350,120 296,546,691 803,429 Interest Earnings - Investments $ 31,500 27,459 126,725 42,573 37,105 28,433 18,265 28,022 43,802 41,332 41,123 49,090 515,428 515,000 428 Tuition and Fees (Ext Day & Summer School) $ - - - - - - - - - - - - - - Other Revenue $ 267,009 629,613 772,500 445,551 407,086 185,644 483,124 495,278 492,029 305,667 144,913 474,757 5,103,171 13,253,300 (8,150,129) State Revenue - Foundation $ 24,540,363 28,000,790 47,023,710 35,294,605 18,651,160 - - - - 14,712,110 9,808,073 18,873,448 196,904,259 198,762,062 (1,857,804) State Revenue - Per Capita and Other $ 1,905,226 2,762,527 - - 87,175 2,004,347 608,507 1,594,678 2,808,749 1,961,613 2,581,499 2,950,049 19,264,370 25,677,641 (6,413,271) Federal Indirect $ 150,517 53,382 90,064 141,806 4,736,586 (3) 120,838 360,651 181,430 262,422 437,624 241,000 479,918 7,256,237 6,375,000 881,237 Total Receipts $ 28,072,012 $ 31,886,181 $ 48,409,973 $ 36,181,902 $ 32,045,991 $ 133,566,669 $ 91,153,230 $ 46,344,144 $ 19,983,962 $ 19,905,275 $ 14,652,520 $ 24,191,725 $ 526,393,585 $ 541,129,694 $ (14,736,109)

DISBURSEMENTSGross Payroll $ 35,501,190 33,682,845 37,298,282 39,151,768 38,381,267 37,849,441 38,101,536 38,150,000 38,150,000 38,150,000 38,250,000 38,250,000 450,916,328 454,931,014 (4,014,686) Payables Checks $ 4,001,015 (1) 8,185,489 (2) 7,636,061 8,766,808 4,537,930 8,008,907 4,025,985 5,364,960 10,185,783 (4) 5,340,567 7,471,902 8,224,521 81,749,928 85,060,209 (3,310,281) Total Disbursements $ 39,502,205 $ 41,868,334 $ 44,934,343 $ 47,918,576 $ 42,919,197 $ 45,858,348 $ 42,127,521 $ 43,514,960 $ 48,335,783 $ 43,490,567 $ 45,721,902 $ 46,474,521 $ 532,666,256 $ 539,991,223 $ (7,324,967)

OTHER USES / TRANSFERSNon-Cash Transactions $ 15,018 15,018 15,018 15,018 15,018 - 15,018 - - - - - 90,108 - 90,108 Loan to/(repayment) from Capital Project Funds $ - - (2,860,583) - - 5,078,666 (5) 22,550 (5) 2,137,000 (5) 337,000 (5) 3,000,000 (5) (10,575,216) (2,860,583) (2,860,583) Loan to/(repayment) from Internal Service Funds $ - (3,623,159) (2,087,418) - (216,460) - - - - - - (5,927,037) - (5,927,037) Loan to/(repayment) from Special Revenue Funds $ 3,546,272 1,206,955 276,444 (3,128,043) 455,019 (376,194) 1,389,999 - - - - - 3,370,452 - 3,370,452 Total Other Uses / Transfers $ 3,561,290 $ (2,401,186) $ (4,656,539) $ (3,113,025) $ 253,577 $ 4,702,472 $ 1,427,567 $ - $ 2,137,000 $ 337,000 $ 3,000,000 $ (10,575,216) $ (5,327,060) $ - $ (5,327,060)

Net Change in Cash $ (14,991,483) (7,580,966) 8,132,169 (8,623,649) (11,126,783) 83,005,849 47,598,142 2,829,184 (30,488,821) (23,922,292) (34,069,382) (11,707,581) (945,611) 1,138,471 (2,084,082)

Total Cash & Investments Available $ 142,002,810 $ 134,421,844 $ 142,554,013 $ 133,930,364 $ 122,803,582 $ 205,809,431 $ 253,407,573 $ 256,236,757 $ 225,747,936 $ 201,825,644 $ 167,756,263 $ 156,048,682 $ 156,048,682 $ N/A $ N/A

(1) July accounts payable payments were lower due to year end processes to pay out all invoices due as of 6/30/14(2) Includes $1.1 million final payment for district-wide calculator purchase(3) Includes SHARS payment for FY2012(4) Includes the annual premium payment for property and casualty insurance(5) The General Operating Fund is loanings funds for projects included in the 2014 Bond Referendum until debt is issued. It is assumed that debt will be issued in June 2015 but issuance may occur later depending on costs incured and market conditions.

July '14Actual

August '14Actual

September'14Actual

October '14Actual

November '14Actual

May '15Projected

June '15Projected

December '14Actual

January '15Actual

February '15Projected

March '15Projected

April '15Projected

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