Georgetown ISD Financial Presentation June 2014

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Financial presentation to Board of Trustees.

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Georgetown ISD Financial Presentation June 2014

  1. 1. June 2014 Board Meeting Financial Presentation
  2. 2. Tax Report • Total Levy - $82.0 • Budgeted tax collections - $81.6 million • Total tax collections - $81.3 million • Tax collections at 99.7% 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. 3. Securities Pledged Against Deposits May 31, 2014 • Depository requirement – 102% of all deposits in bank • Current excess pledge over requirement – 139% 3 $6,639,883 $9,242,557 $- $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 May 31, 2014
  4. 4. Comparison of General Fund Budget to Actual 2013-2014 4 EstimatedRevenue $84,423,371 Revenue $83,514,499 BudgetedExpenditures $84,460,551 Expenditures $75,583,959 $70,000,000 $72,000,000 $74,000,000 $76,000,000 $78,000,000 $80,000,000 $82,000,000 $84,000,000 $86,000,000
  5. 5. Comparison of Food Service Fund Budget to Actual 2013-2014 5 EstimatedRevenue $5,481,418 Revenue $4,910,517 BudgetedExpenditures $5,425,261 Expenditures $4,824,706 $4,400,000 $4,600,000 $4,800,000 $5,000,000 $5,200,000 $5,400,000 $5,600,000
  6. 6. Comparison of Debt Service Fund Budget to Actual 2013-2014 6 EstimatedRevenue $18,555,933 Revenue $18,709,009 BudgetedExpenditures $16,258,661 Expenditures $16,257,609 $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. 7. Investment Report As of May 31, 2014 7  General FundYTD Interest - $17,696  All FundsYTD Interest - $45,628  Interest Rates - .02% to .33% Texpool $4,133,369 6%Lone Star $18,138,306 28% FirstTexas Bank $7,033,422 11% Texpool Prime $17,779,506 28% Money Market $3,000,284 5% CDs $14,000,000 22% Distribution of Investments
  8. 8. Bond Construction Summaries  Funding  Bonds sold - $109.3 million  Remaining bonds unsold - $28 million  Interest earned on 2013C Bonds - $9,279  Projects  Budgeted $22.2 million  Balance remaining – $80,204 8

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