August 15, 2011 Stephenville I. S. D. A Premier Texas School District TEA “Recognized” District

Funding under prior Formula for SISD (HB 3646) $ 24,382,587 $ 24,444,472 Funding under current Formula for SISD (SB 1) $ 22,894,530 $ 23,912,847 Loss for Tax Revenue $ (1,488,057) $ (531,625)

 Student or pupil enrollment and attendance increases;  Utility (New Electricity Cost Contract);  Proactive Action to Look at Strategic Abandonment;  Good tax collections;  Edu-Jobs Funding;  Help from partners.

REVENUES BY CATEGORYACTUAL CURRENT BUDGET PROPOSED BUDGETNET CHANGE% ACCTOBJECT AND 11-12CHANGE 57--LOCAL REVENUES13,334,35913,459,97913,726,484266, % 58--STATE REVENUES10,781,92911,326,82810,728, , % 59-- FEDERAL PROGRAM REVENUE136,197260,113254,000-6, % TOTAL REVENUES24,252,48525,046,92024,708, , %

REVENUES BY CATEGORYACTUAL CURRENT BUDGET PROPOSED BUDGETNET CHANGE% ACCTOBJECT AND 11-12CHANGE 57--LOCAL REVENUES1,347,1541,367,5951,646,181278, % 58--STATE REVENUES043, , % 59-- FEDERAL PROGRAM REVENUE % 1,347,1541,411,2641,646,181234, % 6511BOND PRINCIPAL806,443769,756733,874-35, % 6521BOND INTEREST949,7451,039,2051,072,70733, % 6599OTHER DEBT SERVICE FEES4,5192, % TOTAL EXPENDITURES1,805,7071,810,9611,808,581-2, % NET SOURCE OR USE OF FUNDS-458, , ,400232,537

REVENUES BY CATEGORYACTUAL CURRENT BUDGET PROPOSED BUDGETNET CHANGE% OBJECT AND 11-12CHANGE LOCAL REVENUES542,504614,990526,855-88, % STATE REVENUES8,0428,2158, % FEDERAL PROGRAM REVENUE930,894966,595975,2498, % TOTAL REVENUES1,481,4401,589,8001,510,304-79, % TOTAL EXPENDITURES- FUNCTION 341,375,6431,549,8001,510,304-79, %