Proposed 2017-18 Budget August 21, 2017

Proposed 2017-18 Budget OVERVIEW Based on estimated taxable values of $8,038,054,473 which is an estimated property value growth of approximately 8.5% Proposed tax rates of: Maintenance & Operations (M&O) $1.04000 Interest & Sinking (I&S) $0.35000 Total Tax Rate (per $100 valuation) $1.39000 Projected Ch. 41 Robin Hood Payment of $26,244,648 --- an estimated increase of $7.0 million over the prior year. √ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

Proposed 2017-18 Revenue ASSUMPTIONS Projected Enrollment of 8,312 - up 102 students from actual enrollment of 8,210 in 2016-17. Average Daily Attendance (ADA) of 7,896 students projected for the year. Revenue per WADA of $5,746 – an decrease of $407 from the $6,153 per WADA in 2016-17. √ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

Proposed 2017-18 Budget CONSIDERATIONS Continued participation in the City of Southlake Tax Increment Financing Zone (TIFZ). BABS Rebate Revenues of $2,050,714 (net of Federal sequestration) which is a decrease of $38,867 from 2016-17. √ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

Proposed 2017-18 Budget CONSIDERATIONS Proposed expenditure budget includes the following Board actions: Staffing provisions under the 2017-18 Staffing Plan based on projected student enrollments per campus which includes 5 additional banked teaching units, three which have been filled. A 3% of actual salary increase for all employees. Adjusted three Aquatics supervisory positons and added a Swim School/Event Supervisor. Counselor was added to coordinate all Counseling Services and to serve the counseling and academic needs of the students in the CMA program. √ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

Proposed 2017-18 Budget General Fund Revenues √ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

General Fund Expenditures Proposed 2017-18 Budget General Fund Expenditures √ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

2017-18 Proposed Budget General Fund Summary Total Revenues 107,201,909 Total Expenditures 112,010,830 Net Projected Change in Fund Balance (4,808,921) √ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

Proposed 2017-18 Budget DEBT SERVICE FUND Total revenue projection at I&S tax rate of $0.3500 per $100 = $28,428,338. Debt obligations of $28,107,201 plus estimated fees of $300,000 for a total expenditure projection of $28,407,201. CISD does not qualify for Instructional Facilities Allotment (IFA) or Existing Debt Allotment (EDA) from state funding. √ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

Proposed 2017-18 Budget Debt Service Fund √ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service

The Journey To Excellence Begins Today. . . √ Excellence √ Relationships √ Character & Integrity √ Innovation √ Open & Honest Communication √ Compassionate Service