hutto isd budget and tax rate public meeting...20. per capita rate $400.000 program intent codes -...

Hutto ISD Budget and Tax Rate Public MeetingJune 18, 2020

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Hutto ISD Budget and Tax Rate Public Meeting

Budget Considerations

86th Legislative Session provided additional funding to Texas Public SchoolsIncreased Basic Allotment from $5,140 to $6,160

Set mandates for full-time employee compensation increases

Requires full day Pre-K for 4-year-olds

Established an Early Education Allotment for students in grades K-3 who are educationally disadvantaged or LEP

Established a new Dyslexia Allotment




86th Legislative Session provided additional funding to Texas Public SchoolsAdd an extra 0.05 weight for DL immersion/one-way or two-way programs for non-

English speakers

Established a CCMR Outcomes Bonus

Reimburses districts to ensure students are given at least one college prep assessment and at least one industry certification exam by graduation

GT funding is no longer provided based on identification




86th Legislative Session provided additional funding to Texas Public SchoolsExpands CTE funding from grades 9-12 to grades 7-12 and adds technology

application courses

Repealed the High School Allotment

Increases Mainstream Special Education weight from 1.1 to 1.15

Increased compensatory education weight from 0.2 to one of five values from 0.225 –0.275 based upon the census tier for educationally disadvantaged students




86th Legislative Session provided additional funding to Texas Public Schools Eliminated the Cost of Education Index

GT funding is no longer provided based on identification

Transportation allotment is now given to all districts and based on a per mile reimbursement rather than a linear density




86th Legislative Session provided additional funding to Texas Public Schools Established a Fast Growth Schools Allotment

Increased the cap allowed annually for New instructional Facility Allotment from $25M to $100M

Recapture calculations have been amended to ensure no district has funds recaptured below their formula entitlement

Increases Mainstream Special Education weight from 1.1 to 1.15

Increased compensatory education weight from 0.2 to one of five values from 0.225 – 0.275 based upon the census tier for educationally disadvantaged students




86th Legislative Session provided additional funding to Texas Public Schools Transportation allotment is now given to all districts and based on a per mile

reimbursement rather than a linear density.

Limits the amount of increased property tax collections to 2.5% per year

Tax rate compression from $1.00 to $0.93 in FY 2020 and from $0.93 to an estimated $.8457 in FY 2021

Eliminated the Cost of Education Index

Amends statute from previous year to current year property values




Unknown Financial Impacts of COVID-19

REVENUESAverage Daily Attendance – State Aid

Tax Collections

Interest Earnings

Gate Receipts

Out of District Tuition

Daycare Revenue




Unknown Financial Impacts of COVID-19

EXPENDITURESPersonal Protection Equipment

Technology

Transportation of Students

Non-Community Supplies



Financial Integrity Rating System of Texas (FIRST) Requirement

◦ Indicator #20: Board Discussion of Property Values◦ Did the school board members discuss the district’s property values and the funding lag

at a board meeting that takes place within 120 days of the district adopting the budget?

◦ Affected districts prior to HB3




Projected increase in Average Daily Attendance of 188.744

Increase in Freeze Adjusted Taxable Levy of $448,530,530

Increase in estimated M&O Taxes of $1,676,989

Increase in estimated I&S Taxes of $3,263,255

Increase in State Aid $4,150,495

Increase in Debt Obligation $2,246,800

Increase in Staff




Increased Compensation Package for all employees

Increased Benefit Costs (based on payroll amounts)

Increased Workers Comp (based on payroll amounts)

Increased Property and Liability Insurance

Increased Student Populations Instructional Programs (CT, SpEd, Fine Arts)

Additional Classroom Technology



General Fund Revenues


Local Revenue - Taxes

Current tax estimations are based on a proposed M&O tax rate of $0.9840 per $100 of evaluation

Williamson County Chief Appraiser Certified Values

2019 Net Taxable Value Before Freeze $3,657,440,538

2020 Net Taxable Value Before Freeze $4,128,010,986

12.87% Increase

2019 Freeze Adjusted Taxable Levy $3,427,037,762

2020 Freeze Adjusted Taxable Levy $3,875,568,292

13.08% Increase


Hutto ISD

2019 - 2020 Tax Collection Worksheet

2019 Certified Values

M&O Tax Rate 1.06835$ 71.30%

I&S Tax Rate 0.430$ 28.70%

Total Tax Rate 1.49835$ 100.00%

Estimating Total M&O Tax Collections for 19/20 Final

Estimated Net Taxable Value Before Freeze (7/17/19) $3,657,440,538

Total value under review 90,922,507$ 54,553,504

O65 Freeze Taxable $245,667,198

O65 Transfer Taxable (Adjustment) $1,938,703

DP Freeze Taxable $37,117,634

DP Freeze Taxable (Adjustment) $232,745

Total Freeze and Transfer ($284,956,280)

Freeze Adjusted Taxable Levy $3,427,037,762

M&O Tax Rate $1.0684

Collections at 100% $3,661,275,793

Divided by 100 $36,612,757.93

Historical Collection Percentage 98%

Collections at Historical Collection Percentage $35,880,503

O65 Freeze Ceiling $2,826,591.17

DP Freeze Ceiling $419,858.44

Total Freeze Ceiling $3,246,449.61


Total Freeze Ceiling Collections at Historical Collection Percentage $3,181,521

M&O Portion of Freeze Ceiling $2,268,480

I&S Portion of Freeze Ceiling $913,040

Total Estimated M&O Tax Collections for 19-20 98% $38,148,983

Enter Data in highlighted cells

Hutto ISD



M&O Tax Rate 0.98400$ 68.14%

I&S Tax Rate 0.460$ 31.86%

Total Tax Rate 1.44400$ 100.00%

Estimating Total M&O Tax Collections for 20/21 Final




O65 Transfer Taxable (Adjustment) $231,191


DP Freeze Taxable (Adjustment) $0



M&O Tax Rate $0.9840

Collections at 100% $3,813,559,199

Divided by 100 $38,135,591.99









I&S Portion of Freeze Ceiling $1,146,770

Total Estimated M&O Tax Collections for 20-21 98% $39,825,972


State Revenue


State Revenue Estimations

Based on current Texas school finance law – HB3

Calculated using the latest release (Release 16: May 4, 2020) of the State Aid Template formulated by Mr. Omar Garcia of BOK Financial Securities , Inc.

Based on an increase in Refined Average Daily Attendance of 188.744 HISD students. This represents a 2.5% increase.

TRS/TRS-Care-On-Behalf – contributions made by the State of Texas to the Teacher Retirement System of Texas on behalf of a reporting entity’s employee must be recognized as equal revenues and expenditures by each district in compliance with GASB Statement No. 24.

2020-21 Summary of Finances

HUTTO ISD

246-906

HB 3

Funding Elements From

Students Date Entry1. Refined Average Daily Attendance (ADA) 7,834.000

2. Regular Program ADA (Line 1 - Line 3 - Line 4) 7,002.793

3. Special Education FTEs (Link to Detail Report) 289.789

4. Career & Technology FTEs 541.418

5. Weighted ADA (WADA) (Link to Detail Report) 10,513.630

Property Values6. 2018 State Certified Property Value ("T2" value) 3,222,363,330

7. 2020 State Certified Property Value ("T2" value) 4,128,010,986

Tax Rates and Collections8. State Compression Percentage 0.84570

9. 2018-19 M&O Tax Rate $1.17000

10. 2020-21 M&O Tax Rate $1.05470

11. 2020-21 Tier I M&O Tax Rate $0.84570

12. 2020-21 Maximum Compressed Tax Rate $0.84570

13. 2019-20 M&O Tax Collections (Link to Detail Report) $39,843,078

14. 2020-21 I&S Tax Rate $0.48000

15. 2020-21 I&S Tax Collections $18,220,920

16. 2020-21 Total Tax Collections $58,063,998

17. 2020-21 Total Tax Levy $0

Funding Components18. District Basic Allotment $6,160

19. ASF ADA (Prior-year ADA) 7,645.256

20. Per Capita Rate $400.000

Program Intent Codes - Allotments

Tier I Subchapter B & C Allotments21. 11-Regular Program Allotment 48.051 $43,137,205

22. Small and Mid-size Allotment 48.101 $0

23. 23-Total Special Education Adjusted Allotment 48.102 (Spend 55%) $7,890,537

24. 37-Dyslexia Allotment 48.103 $314,776

25. 24-Total Comp Ed Allotment 48.104 (Spend 55%) $4,345,507

26. 25-Total Bilingual Education Allotment 48.105 (Spend 55%) $703,892

27. 22-Total Career & Technology Allotment 48.106 (Spend 55%) $4,507,931

28. 11-Public Education Grant 48.107 $0

29. 36-Early Education Allotment 48.108 $1,407,668

30. 38-College, Career, or Military Readiness Outcomes Bonus 48.110 $450,000

31. Fast Growth Allotment 48.111 $1,930,298

32. Teacher Incentive Allotment 48.112 $0

33. Mentor Program Allotment 48.114 $0

34. School Safety Allotment 42.168 $76,146

Tier I Subchapter D Allotments35. 99-Total Transportation Allotment 48.151 $637,125

36. 99-New Instructional Facilities Allotment (NIFA) 48.152 $100,000

37. Dropout Recovery and Residential Placement Facility Allotment 48.153 $0

38. Tuition Allotment for Districts Not Offering All Grade Levels 48.154 $0

39. College Preparation Assessment Reimbursement 48.155 $26,320

40. Certification Examination Reimbursement 48.156 $16,067

41. Advanced Placement Tests Set-Aside $0

42. Total Cost of Tier I (Link to Tier I Detail Report) $65,543,472

43. Less: Local Fund Assignment $34,910,589

44. Per Capita Distribution from the Available School Fund (ASF) $3,058,102

Foundation School Program (FSP) State Funding45. FSP State Share of Tier I (Line 42 - Line 43 - Line 44) $27,574,781

46. Tier II State Aid (Link to Tier II Detail Report) $5,807,169

47. Other Programs (Link to Detail Report) $0

48. Total FSP Operating Fund $33,381,950

State Aid by Fund Code / Object Code - Funding Source

M&O State Aid49. 199/5812 - Foundation School Fund $33,381,950

50. 199/5811 - Available School Fund $3,058,102

I&S State Aid51. 599/5829 - Existing Debt Allotment (EDA) (Link to Detail Report) $0

52. 599/5829 - Instructional Facilities Allotment (IFA) (Bond) (Link to Detail Report) $0

53. 599/5829 - Instructional Facilities Allotment (Lease Purchase) (See Link Above) $0

54. I&S Hold Harmless (ASAHE for Facilities on TEA's Report) (see HH2021-Calcs tab) $236,300

55. TOTAL 2020-21 FSP/ASF STATE AID $36,676,352

Federal Revenue


Federal Revenue Estimations

Prior year School Health and Related Services (SHARS) billing.

Medicaid reimbursements.

JROTC funding.

Increase/

(Decrease)

2019 - 2020

2019 - 2020 2019 - 2020 2020 - 2021 Original to

Original Amended Proposed 2020 - 2021

Estimated Revenue Sources Budget Budget Budget Proposed

5700.00 Local Sources

5711.00 Taxes, Current Year Levy 38,148,983$ 38,148,983$ 39,825,972$ 1,676,989$

5712.00 Taxes, Prior Years 400,000 400,000 350,000 (50,000)

5719.00 Penalties, Interest, Other Tax Rev. 70,000 70,000 70,000 -

5735.00 Tuition & Fees; Summer School 235,000 235,000 235,000 -

5742.00 Interest Earnings 425,500 425,500 246,000 (179,500)

5743.00 Rental 95,000 95,000 90,000 (5,000)

5744.00 Gifts & Bequests - - - -

5749.00 Miscellaneous 90,500 90,500 385,000 294,500

5749.01 Advertising 15,000 15,000 15,000 -

5749.07 Bus Charters 250,000 250,000 250,000 -

5749.XX Other Local 85,000 85,000 85,000 -

5752.00 Athletic Gate 89,000 89,000 57,882 (31,118)

5755.00 Childcare Tuition 505,000 505,000 465,000 (40,000)

Total Local Sources 40,408,983 40,408,983 42,074,854 1,665,871

5800.00 State Sources

5811.00 Available School Fund 1,753,812 1,753,812 3,058,102 1,304,290

5812.00 Foundation School Fund 30,535,745 30,535,745 33,381,950 2,846,205

5831.00 TRS/TRS-Care on-Behalf 3,760,833 3,760,833 4,428,127 667,294

Total State Sources 36,050,390 36,050,390 40,868,179 4,817,789

5900.00 Federal Sources -

5931.00 SHARS 1,500,000 1,500,000 1,000,000 (500,000)

5932.00 Medicaid 450,000 450,000 450,000 -

5949.00 JROTC 70,000 70,000 75,000 5,000

Total Federal Sources 2,020,000 2,020,000 1,525,000 (495,000)

Total Budgeted Revenue Sources 78,479,373$ 78,479,373$ 84,468,033$ 5,988,660$

Hutto Independent School District

General Fund Proposed Revenue

2020 - 2021

General Fund Revenue Sources

Local

Property Taxes (Current & Delinquent) 40,245,972$ 47.65%

Other Local 1,828,882 2.17%

State 40,868,179 48.38%

Federal 1,525,000 1.81%

Total General Fund Revenue Sources 84,468,033$ 100.00%

Property Taxes (Current &

Delinquent)47.65%

Other Local2.17%

State48.38%

Federal1.81%

GENERAL FUND REVENUE SOURCE

Property Taxes (Current & Delinquent) Other Local State Federal


General Fund Expenditures




Total Proposed General Fund Operating Budget

$84,468,033 (9.02% increase compared to FY 2020)

7.55% increase in payroll expense Additional staff

Increase in 2020 – 2021 Compensation Package

Increase in SPED funding

Increase/

(Decrease)

2019 - 2020

2019 - 2020 2019 - 2020 2020 - 2021 Original to


Expenditures Budget Budget Budget Proposed

11 Instruction

6100 Payroll Costs 40,395,376$ 40,398,255$ 43,698,362$ 3,302,986$

6200 Professional & Contracted Services 1,228,685 1,265,169 1,629,000 400,315

6300 Supplies & Materials 1,898,600 1,791,780 2,175,534 276,934

6400 Other Operating Expenditures 451,899 444,882 568,212 116,313

6500 Debt Service - - - -

6600 Capital Outlay 130,000 130,000 130,000 -

11 Total Instruction 44,104,560 44,030,086 48,201,108 4,096,548

12 Instructional Resource & Media Services

6100 Payroll Costs 221,272 221,272 239,741 18,469

6200 Professional & Contracted Services - - - -

6300 Supplies & Materials 124,705 125,589 147,373 22,668

6400 Other Operating Expenditures 1,285 1,285 1,285 -


6600 Capital Outlay - - - -

12 Total Inst. Resource & Media Services 347,262 348,146 388,399 41,137

13 Curriculum & Instructional Staff Development

6100 Payroll Costs 1,419,572 1,419,372 1,576,979 157,407

6200 Professional & Contracted Services 244,325 239,075 322,800 78,475





13 Total Curr & Inst Staff Development 2,278,824 2,272,007 2,836,596 557,772

21 Instructional Leadership

6100 Payroll Costs 300,121 300,121 487,759 187,638

6200 Professional & Contracted Services - 70,000 - -


6400 Other Operating Expenditures 208,900 205,775 138,705 (70,195)



21 Total Instructional Leadership 512,521 579,321 635,064 122,543


Proposed General Fund Expenditures by Function and Object

2020 - 2021

Increase/

(Decrease)

2019 - 2020

2019 - 2020 2019 - 2020 2020 - 2021 Original to





2020 - 2021

23 School Leadership

6100 Payroll Costs 4,020,812 4,020,812 4,008,009 (12,803)






23 Total School Leadership 4,070,504 4,075,611 4,065,479 (5,025)

31 Guidance and Counseling

6100 Payroll Costs 1,834,946 1,834,946 2,474,749 639,803

6200 Professional & Contracted Services 41,000 44,430 15,000 (26,000)

6300 Supplies & Materials 50,554 55,500 34,493 (16,061)




31 Total Guidance and Counseling 1,952,559 1,960,059 2,546,611 594,052

32 Social Work Services

6100 Payroll Costs 134,665 134,665 75,187 (59,478)


6300 Supplies & Materials - - - -

6400 Other Operating Expenditures - - - -



32 Total Work Services 134,665 134,665 75,187 (59,478)

33 Health Services

6100 Payroll Costs 836,634 836,634 918,071 81,437

6200 Professional & Contracted Services 27,853 1,640 675 (27,178)


6400 Other Operating Expenditures 20,696 25,476 20,126 (570)



33 Total Health Services 919,470 919,470 1,057,560 138,090

Increase/

(Decrease)

2019 - 2020

2019 - 2020 2019 - 2020 2020 - 2021 Original to





2020 - 2021

34 Student (Pupil) Transportation

6100 Payroll Costs 2,965,043 2,965,043 2,987,234 22,191





6600 Capital Outlay 299,833 899,833 505,000 205,167

34 Total Student (Pupil) Transportation 3,912,152 4,512,152 4,308,871 396,719

35 Food Services

6100 Payroll Costs 15,000 15,000 12,000 (3,000)






35 Total Food Services 15,000 15,000 12,000 (3,000)

36 Cocurricular/Extracurricular Activities

6100 Payroll Costs 1,132,340 1,132,340 1,120,975 (11,365)





6600 Capital Outlay 6,200 6,200 - (6,200)

36 Total Co/Extracurricular Activities 2,083,339 2,084,339 2,212,795 129,456

41 General Administration

6100 Payroll Costs 1,933,783 1,933,783 2,216,701 282,918






41 Total General Administration 2,841,622 2,841,622 3,104,430 262,808

Increase/

(Decrease)

2019 - 2020

2019 - 2020 2019 - 2020 2020 - 2021 Original to





2020 - 2021

51 Plant Maintenance & Operations

6100 Payroll Costs 3,619,834 3,619,834 3,742,000 122,166





6600 Capital Outlay 238,000 238,000 96,000 (142,000)

51 Total Plant Maintenance & Operations 7,036,134 7,036,134 7,309,600 273,466

52 Security & Monitoring Services

6100 Payroll Costs 1,104,847 1,104,847 1,082,846 (22,001)





6600 Capital Outlay 22,125 15,125 7,449 (14,676)

52 Total Security & Monitoring Services 1,440,614 1,440,614 1,586,262 145,648

53 Data Processing Services

6100 Payroll Costs 993,494 993,494 1,053,735 60,241






53 Total Data Processing Services 2,059,768 2,059,768 2,088,019 28,251

61 Community Services

6100 Payroll Costs 915,940 915,940 820,521 (95,419)



6400 Other Operating Expenditures 10,658 10,658 10,400 (258)



61 Total Community Services 1,056,723 1,056,723 973,552 (83,171)

Increase/

(Decrease)

2019 - 2020

2019 - 2020 2019 - 2020 2020 - 2021 Original to





2020 - 2021

71 Debt Service

6100 Payroll Costs - - - -




6500 Debt Service 505,000 505,000 496,000 (9,000)


71 Total Debt Service 505,000 505,000 496,000 (9,000)

81 Facility Acquisition & Construction

6100 Payroll Costs - - - -





6600 Capital Outlay 1,808,656 1,808,656 2,180,000 371,344

81 Total Facility Acquisition & Construction 1,808,656 1,808,656 2,180,000 371,344

95 Payments to Juvenile Justice Alt Ed Program


95 Total Pmts to Juvenile Justice Alt Ed Pgm 75,000 75,000 60,000 (15,000)

99 Other Governmental Charges


99 Total Other Governmental Charges 325,000 325,000 330,500 5,500

Total Appropriated Expenditures 77,479,373 78,079,373 84,468,033 6,988,660

Increase/

(Decrease)

2019 - 2020

2019 - 2020 2019 - 2020 2020 - 2021 Original to



11 Instruction 44,104,560$ 44,030,086$ 48,201,108$ 4,096,548$

12 Instructional Resource & Media Services 347,262 348,146 388,399 41,137

13 Curriculum & Instructional Staff Development 2,278,824 2,272,007 2,836,596 557,772

21 Instructional Leadership 512,521 579,321 635,064 122,543

23 School Leadership 4,070,504 4,075,611 4,065,479 (5,025)

31 Guidance and Counseling 1,952,559 1,960,059 2,546,611 594,052

32 Social Work Services 134,665 134,665 75,187 (59,478)

33 Health Services 919,470 919,470 1,057,560 138,090

34 Student (Pupil) Transportation 3,912,152 4,512,152 4,308,871 396,719

35 Food Services 15,000 15,000 12,000 (3,000)

36 Cocurricular/Extracurricular Activities 2,083,339 2,084,339 2,212,795 129,456

41 General Administration 2,841,622 2,841,622 3,104,430 262,808

51 Plant Maintenance & Operations 7,036,134 7,036,134 7,309,600 273,466

52 Security & Monitoring Services 1,440,614 1,440,614 1,586,262 145,648

53 Data Processing Services 2,059,768 2,059,768 2,088,019 28,251

61 Community Services 1,056,723 1,056,723 973,552 (83,171)

71 Debt Service 505,000 505,000 496,000 (9,000)

81 Facility Acquisition & Construction 1,808,656 1,808,656 2,180,000 371,344

95 Payments to Juvenile Justice Alt Ed Program 75,000 75,000 60,000 (15,000)

99 Other Governmental Charges 325,000 325,000 330,500 5,500

Total Appropriated Expenditures 77,479,373$ 78,079,373$ 84,468,033$ 6,988,660$


Proposed General Fund Expenditures by Function

2020 - 2021

General Fund Functional Category Expenditures

Instruction (11, 12, 13) 51,426,103$ 60.88%

Instructional and School Leadership (21, 23) 4,700,543 5.56%

Student Services (31, 32, 33, 34, 35, 36) 10,213,024 12.09%

General Administration (41) 3,104,430 3.68%

Support Svcs (51, 52, 53) 10,983,881 13.00%

Other (61, 71, 81, 95, 99) 4,040,052 4.78%

Total 84,468,033$ 100.00%

Instruction (11, 12, 13)60.88%Instructional and

School Leadership (21, 23)5.56%

Student Services (31, 32, 33, 34, 35, 36)

12.09%

General Administration (41)

3.68%

Support Svcs (51, 52, 53)13.00% Other (61, 71, 81, 95, 99)

4.78%

GENERAL FUND FUNCTIONAL CATEGORY EXPENDITURES

Instruction (11, 12, 13) Instructional and School Leadership (21, 23)

Student Services (31, 32, 33, 34, 35, 36) General Administration (41)

Support Svcs (51, 52, 53) Other (61, 71, 81, 95, 99)

Increase/

(Decrease)

2019 - 2020

2019 - 2020 2019 - 2020 2020 - 2021 Original to



6100 Payroll Costs 61,843,679$ 61,846,358$ 66,514,869$ 4,671,190$


6300 Supplies & Materials 5,248,753 5,218,745 6,504,510 1,255,757

6400 Other Operating Expenditures 2,250,822 2,176,550 2,315,985 65,163

6500 Debt Service 505,000 505,000 496,000 (9,000)

6600 Capital Outlay 2,504,814 3,097,814 2,918,449 413,635

Total Appropriated Expenditures 77,479,373$ 78,079,373$ 84,468,033$ 6,988,660$


Proposed General Fund Expenditures by Object

2020 - 2021

General Fund Object Expenditures

Payroll 66,514,869$ 78.75%

Prof & Contracted Svcs 5,718,220 6.77%

General Supplies 6,504,510 7.70%

Other Expenditures 2,315,985 2.74%

Debt Service 496,000 0.59%

Capital Outlay 2,918,449 3.46%

Total 84,468,033$ 100.00%

Payroll78.75%

Prof & Contracted Svcs

6.77%

General Supplies7.70%

Other Expenditures2.74%

Debt Service0.59%

Capital Outlay3.46%

GENERAL FUND OBJECT EXPENDITURE

Payroll Prof & Contracted Svcs General Supplies

Other Expenditures Debt Service Capital Outlay


Debt Service Fund Revenues

Current tax estimations are based on a proposed $0.46 I&S tax rate, a Freeze Adjusted Taxable Levy of $3,875,568,292 and a 98% collection rate.


Hutto ISD



M&O Tax Rate 1.06835$ 71.30%

I&S Tax Rate 0.430$ 28.70%

Total Tax Rate 1.4984$ 100.00%

Estimating Total I&S Tax Collections for 19/20 Final




O65 Transfer Taxable (Adjustment) $1,938,703


DP Freeze Taxable (Adjustment) $232,745



I&S Tax Rate $0.4300

Collections at 100% $1,473,626,238

Divided by 100 $14,736,262.38









I&S Portion of Freeze Ceiling $913,040

Total Estimated I&S Tax Collections for 19-20 98% $15,354,577


Hutto ISD



M&O Tax Rate 0.98400$ 68.14%

I&S Tax Rate 0.460$ 31.86%

Total Tax Rate 1.4440$ 100.00%

Estimating Total I&S Tax Collections for 20/21 Final




O65 Transfer Taxable (Adjustment) $231,191


DP Freeze Taxable (Adjustment) $0



I&S Tax Rate $0.4600

Collections at 100% $1,782,761,414

Divided by 100 $17,827,614.14









I&S Portion of Freeze Ceiling $1,146,770

Total Estimated I&S Tax Collections for 19-20 98% $18,617,832

Debt Obligation 18,914,038


Revenues are based on a tax rate of $.46/$100 Valuation

Increase/

(Decrease)

2019 - 2020

2019 - 2020 2019 - 2020 2020 - 2021 Original to




5711.00 Taxes, Current Year Levy 15,354,547$ 15,354,547$ 18,617,832$ 3,263,285$

5712.00 Taxes, Prior Years - - - -

5719.00 Penalties, Interest, Other Tax Rev. 50,000 50,000.00 50,000 -

5742.00 Interest Earnings 225,000 225,000.00 175,000 (50,000)

Total Local Sources 15,629,547 15,629,547 18,842,832 3,213,285


5829.00 State Program - ASAHE - - - -

5829.57 State Program - Facilities New - - - -

5829.58 State Program - EDA - - - -

5829.59 State Program - IFA - - - -

Total State Sources - - - -

7911.00 Other Sources - - -

Total Budgeted Revenue Sources 15,629,547$ 15,629,547$ 18,842,832$ 3,213,285$

Expenditures

71 Debt Service

6511.00 Bond Principal 1,421,130$ 1,421,130$ 2,876,662$ 1,455,532$

6521.00 Interest on Bonds 15,246,109 15,246,109 26,498,745 11,252,636

6599.00 Other Debt Service Fees 1,000 1,000 - (1,000)

Total Function 71 16,668,239 16,668,239 29,375,407 12,707,168

Total Expenditures 16,668,239$ 16,668,239$ 29,375,407$ 12,707,168$

Estimated Change in Fund Balance (1,038,692)$ (1,038,692)$ (10,532,575)$

Estimated Ending Fund Balance at 19,064,256$

6/30/2020

Usual Debt Obligation 18,914,038$


Debt Service Fund Proposed Budget

2020 - 2021


Debt Service Fund Expenditures

2019 – 2020 Debt Obligation Principal $ 1,421,129Interest $15,246,108

Total $16,667,237

2020 – 2021 Debt Obligation Principal $ 1,554,233Interest $17,359,804

Total $18,914,037

Increase $ 2,246,800


AnnualYear Principal Interest(A) Debt Service(A)

2019/20 1,421,129.45$ 16,788,384.46$ 18,209,513.91$ 2020/21 1,554,233.20 17,359,804.32 18,914,037.52 2021/22 1,916,486.65 17,318,900.87 19,235,387.52 2022/23 1,716,874.25 17,941,463.27 19,658,337.52 2023/24 5,008,577.80 15,768,309.72 20,776,887.52 2024/25 8,640,000.00 13,507,287.52 22,147,287.52 2025/26 9,000,000.00 13,146,837.52 22,146,837.52 2026/27 9,380,000.00 12,766,662.52 22,146,662.52 2027/28 9,810,000.00 12,333,556.28 22,143,556.28 2028/29 10,280,000.00 11,867,756.28 22,147,756.28 2029/30 10,385,000.00 11,378,043.78 21,763,043.78 2030/31 10,835,000.00 10,924,662.52 21,759,662.52 2031/32 11,235,000.00 10,528,912.52 21,763,912.52 2032/33 11,690,000.00 10,073,975.02 21,763,975.02 2033/34 12,190,000.00 9,570,481.26 21,760,481.26 2034/35 12,660,000.00 9,101,900.02 21,761,900.02 2035/36 13,125,000.00 8,635,956.26 21,760,956.26 2036/37 13,655,000.00 8,108,368.76 21,763,368.76 2037/38 14,210,000.00 7,552,118.76 21,762,118.76 2038/39 14,795,000.00 6,968,106.26 21,763,106.26 2039/40 15,410,000.00 6,353,318.76 21,763,318.76 2040/41 16,050,000.00 5,713,443.76 21,763,443.76 2041/42 16,745,000.00 5,014,193.76 21,759,193.76 2042/43 17,475,000.00 4,284,562.50 21,759,562.50 2043/44 8,357,379.75 13,405,370.25 21,762,750.00 2044/45 12,322,833.25 9,439,304.25 21,762,137.50 2045/46 19,185,000.00 2,578,375.00 21,763,375.00 2046/47 7,645,000.00 1,677,150.00 9,322,150.00 2047/48 7,995,000.00 1,324,600.00 9,319,600.00 2048/49 8,365,000.00 955,350.00 9,320,350.00 2049/50 1,665,000.00 568,500.00 2,233,500.00 2050/51 1,750,000.00 485,250.00 2,235,250.00 2051/52 1,835,000.00 397,750.00 2,232,750.00 2052/53 1,930,000.00 306,000.00 2,236,000.00 2053/54 2,025,000.00 209,500.00 2,234,500.00 2054/55 2,165,000.00 54,125.00 2,219,125.00

Total 324,427,514.35$ 294,408,281.20$ 618,835,795.55$

__________

Hutto Independent School DistrictOutstanding Unlimited Tax Debt Service By Principal And Interest

(A) Interest on the District's Variable Rate Unlimited Tax School Building Bonds, Series 2015 iscalculated at a 3.00% coupon through July 31, 2020 and an assumed 5.00% coupon thereafter.

Note: Debt service payments reflect payments from September 1 through August 31.

1-2


Food Service Fund


Increase/

(Decrease)

2019 - 2020

2019 - 2020 2019 - 2020 2020 - 2021 Original to




5751.00 A La Cart Sales 1,244,844$ 1,244,844$ 1,292,148$ 47,304$

Total Local Sources 1,244,844 1,244,844 1,292,148 47,304


5829.00 State Matching Summer Feeding Pgm 21,000 21,000 21,000 -

Total State Sources 21,000 21,000 21,000 -

5900.00 Federal Sources

5921.00 National School Breakfast Program 538,764 538,764 559,237 20,473

5922.00 National School Lunch Program 1,401,032 1,401,032 1,454,271 53,239

5923.00 USDA Commodities 236,719 236,719 245,714 8,995

5939.00 Summer Feeding Program 20,000 20,000 20,000 -

Total Federal Sources 2,196,515 2,196,515 2,279,223 82,708

Total Budgeted Revenue Sources 3,462,359$ 3,462,359$ 3,592,371$ 130,012$

Expenditures

35 Food Service

6100.00 Payroll 1,327,301$ 1,327,301$ 1,331,131$ 3,830$

6200.00 Contracted Services 519,501 519,501 571,451 51,950

6300.00 Supplies and Materials 1,577,457 1,577,457 1,637,400 59,943

6400.00 Other Operating Expenses - - - -

Total Expenditures 3,424,259$ 3,424,259$ 3,539,982$ 115,723$

Estimated Change in Fund Balance 38,100$ 38,100$ 52,388$


Food Service Fund Proposed Budget

2020 - 2021


Questions?


hutto isd budget and tax rate public meeting...20. per capita rate $400.000 program intent codes -...

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