Georgetown ISD Budget Update Presentation.

1. May 20, 2013

2. » Revenue
˃ House state aid funding version
˃ Taxable value growth rate of 5.8%
» Budget process work-in-progress until
legislation finalized
» Current projection of General Fund
deficit -- $608,000

3. » Projected enrollment
rate slower than
demographic study
» ADA (average daily
attendance) drives
state aid funding
» 2012-13 ADA est. –
9,730
» 2013-2014 ADA est. –
9,759
9,000
9,500
10,000
10,500
11,000
11,500
12,000
Deskmap (Conservative) Deskmap (Moderate)
Projected Enrollment Projected ADA

4. » 2012-2013
enrollment exceeds
prior year beginning in
Feb
» Attendance for last
months of current
year better than
expected
» If trend continues,
revenue for 2013-
2014 will be better
than projected
9,400
9,600
9,800
10,000
10,200
10,400
10,600
Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2011/12 Enroll 2011/12 ADA
2012/13 Enroll 2012/13 ADA

5. » Taxable value
anticipated growth
rate of 5.8%
» Based on WCAD
preliminary values
received in April 2013
$4.7420
$5.3965
$5.4272
$5.4831
$5.6739
$5.8765
$6.2154
$6.4654
$6.6154
$6.7654
$6.9154
$4.00
$4.50
$5.00
$5.50
$6.00
$6.50
$7.00
$7.50
Billions
Net Taxable Value (before freeze)

6. » No change in tax rate
˃ M&O - $1.080
˃ Debt - $0.318
˃ Total - $1.398
» Budgeted tax levies
˃ M&O - $61,643,251
˃ Debt - $18,150,513
˃ Total $79,793,764
$1.040
$1.040
$1.040
$1.040
$1.040
$1.080
$1.080
$0.250
$0.250
$0.250
$0.250
$0.318
$0.318
$0.318
$-
$0.200
$0.400
$0.600
$0.800
$1.000
$1.200
$1.400
$1.600
2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14
Local Maintenance Debt Service

7. » Salary & benefits (net)
» JJAEP
» Library books/resources
» Campus per pupil
allotments
» Drug testing
» Utilities
» $1,181,458
» 50,000
» 50,000
» 140,000
» 50,000
» (341,000)

8. In Thousands
2012-13
Revised
2013-14
Proposed
Inc
(Dec)
% Inc
(Dec)
Local $61,738 $64,405 $2,667 4.3%
State 18,291 15,536 (2,755) (15.1%)
Fed/Other 935 809 (92) (10.2%)
Total 80,964 80,750 (214) (-0.3%)
Less:
Expenditures 80,046 81,358 1,312 1.6%
Net Rev Over
(under) Exp 918 (608) (1,526)
Begin. Fund
Balance 11,306 12,224 918
Ending Fund
Balance $12,224 $11,616 ($608) (5.0%)

9. » 85% spent on salaries
and benefits
» Utilities, JJAEP,
appraisal cost and
recapture make up
2/3 of contracted
services
6100 Payroll
Costs, 84.8%
6200
Contracted
Serv, 9.1%
6300
Supplies/Materi
als, 3.8%
6400 Other
Operating, 1.9%
6500 Debt
Service, 0.0%
6600 Capital
Outlay, 0.4%

10. » Instructional services
includes teachers, aides
and librarians
» Instructional leadership –
campus and central office
staff costs
» Operations – custodians,
security, utilities,
maintenance, and
technology
» Student services –
counseling, health
services, transportation,
and extra-curricular
Instr Related
Serv
58.3%
Instr
Leadership
8.9%
Student Serv
12.1%
General Adm
3.0%
Operations
14.6%
Community
Serv
1.6%
Other
1.6%

11. » Inverse relationship
between property
taxes and state aid
» Local taxes
˃ 2007/08 - 68%
˃ 2013/14 - 84%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
Taxes State Aid

12. » Property taxes and
state aid combined
have trended
downward on per
student basis
» Slight revenue uptick
in 2012-13 with TRE
» Property wealthy
districts will feel the
revenue squeeze
more than lower
wealth districts
$5,000
$5,500
$6,000
$6,500
$7,000
$7,500
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
State Aid and Local Taxes per Student

13. In Thousands
2012-13
Revised
2013-14
Proposed
Inc
(Dec)
% Inc
(Dec)
Local
Rev/Other
Sources $102,303 $18,301 ($84,002) (82%)
Less:
Expend/Other
Uses 101,112 16,255 (84,857) (84%)
Net Rev Over
(under) Exp 1,191 2,046 855 72%
Begin. Fund
Balance 7,526 8,718 1,191
Ending Fund
Balance 8,718 10,764 2,046 23%

14. » Board approved debt management plan
˃ Blend of debt types based on market
˃ Early debt retirement to save interest
˃ Total length of bonds under 23 years
» Debt Portfolio
˃ Principal 66%
˃ Interest 34%

15. » Ample capacity for
future bond sales
without tax increase
» Sufficient funds
available to make
August payment of
over $5.0 million
» With property value
growth, anticipate
early retirement of
portion of principal
Principal
Interest
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
18,000,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
As of June 30

16. » 93% of principal and
interest repaid in 20
years
» Two to one margin for
principal and interest
28%
53%
75%
93%
0% 20% 40% 60% 80% 100%
Five Years
Ten Years
Fifteen Years
Twenty Years