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Financial Presentation July 2014
Financial Presentation July 2014
Financial Presentation July 2014
Financial Presentation July 2014
Financial Presentation July 2014
Financial Presentation July 2014
Financial Presentation July 2014
Financial Presentation July 2014
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Financial Presentation July 2014

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  • 1. July 2014 Board Meeting Financial Presentation
  • 2. Tax Report • Total Levy - $82.0 • Budgeted tax collections - $81.6 million • Total tax collections - $81.7 million • Tax collections at 100.2% of budgeted taxes $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 2013-2014 Total Tax Levy Budgeted Taxes YTD Collections 2
  • 3. Securities Pledged Against Deposits June 30, 2014 • Depository requirement – 102% of all deposits in bank • Current excess pledge over requirement – 150% 3 $6,164,272 $9,223,184 $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000 Pledge Requirement Depository Pledge Information June 30, 2014
  • 4. Comparison of General Fund Budget to Actual 2013-2014 4 EstimatedRevenue $84,423,371 Revenue $84,858,672 BudgetedExpenditures $84,460,551 Expenditures $82,414,526 $81,000,000 $81,500,000 $82,000,000 $82,500,000 $83,000,000 $83,500,000 $84,000,000 $84,500,000 $85,000,000 $85,500,000
  • 5. Comparison of Food Service Fund Budget to Actual 2013-2014 5 EstimatedRevenue $5,481,418 Revenue $5,308,412 BudgetedExpenditures $5,425,261 Expenditures $5,362,404 $5,200,000 $5,250,000 $5,300,000 $5,350,000 $5,400,000 $5,450,000 $5,500,000
  • 6. Comparison of Debt Service Fund Budget to Actual 2013-2014 6 EstimatedRevenue $18,555,933 Revenue $18,795,179 BudgetedExpenditures $16,258,661 Expenditures $16,257,609 $14,500,000 $15,000,000 $15,500,000 $16,000,000 $16,500,000 $17,000,000 $17,500,000 $18,000,000 $18,500,000 $19,000,000
  • 7. Investment Report As of June 30, 2014 7  General FundYTD Interest - $24,503  All FundsYTD Interest - $54,111  Interest Rates - .03% to .33% Texpool $2,732,528 5%Lone Star $17,630,488 31% FirstTexas Bank $6,557,836 11% Texpool Prime $13,980,407 24% Money Market $3,000,653 5% CDs $14,006,681 24% Distribution of Investments
  • 8. Bond Construction Summaries  Funding  Bonds sold - $109.3 million  Remaining bonds unsold - $28 million  Interest earned on 2013C Bonds - $10,581  Projects  Budgeted $22.2 million  Balance remaining – $49,996 8

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