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DRAFT

COMPREHENSIVE ANNUAL FINANCIAL REPORT


For the Year Ended August 31, 2011

Beaumont Independent School District


Beaumont, Texas

Beaumont Independent School District


Beaumont, Texas

Comprehensive Annual Financial Report


For the Year Ended August 31, 2011
Prepared by the Business Office Robert Zingelmann Chief Business Officer Sharika Allison Comptroller Belinda Klock Budget Supervisor Devin McCraney Director of Finance Laura Klock Property and Employee Benefits Manager

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF CONTENTS EXHIBIT INTRODUCTORY SECTION Transmittal Letter GFOA Certificate of Achievement for Excellence in Financial Reporting Board of Trustees Certificate of Board District Organization Chart FINANCIAL SECTION Independent Auditor's Report Management's Discussion and Analysis Basic Financial Statements Government-wide Financial Statements: Statement of Net Assets Statement of Activities Fund Financial Statements: Balance Sheet - Governmental Funds Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balance to the Statement of Activities Statement of Net Assets - Proprietary Funds Statement of Revenues, Expenses and Changes in Fund Net Assets Proprietary Funds Statement of Cash Flows - Proprietary Funds Statement of Fiduciary Net Assets - Fiduciary Funds Statement of Changes in Fiduciary Net Assets - Fiduciary Funds Notes to the Financial Statements Required Supplementary Information Budgetary Comparison Schedules: Schedule of Revenues, Expenditures and Changes in Fund BalancesBudget and Actual - General Fund Notes to Required Supplementary Information Combining and Individual Fund Information and Other Supplementary Information: Combining Balance Sheet - Non-major Governmental Funds Combining Statement of Revenues, Expenses and Changes in Net Assets - Non-major Governmental Funds Combining Balance Sheet - Internal Service Funds Combining Statement of Revenues, Expenses and Changes in Net Assets - Internal Service Funds Combining Balance Sheet - Fiduciary Funds Combining Statement of Revenues, Expenses and Changes in Fund Balances - Agency Funds Combining Statement of Net Assets - Private Purpose Trust Funds Combining Statement of Revenues, Expenses and Changes in Net Assets - Private Purpose Trust Funds iii F-1 F-2 F-3 F-4 F-5 F-6 F-7 F-8 13 15 3 9 10 11 12 PAGE

A-1 A-2

26 27

B-1 B-1R B-2

28 29 30

B-2R C-1 C-2 C-3 D-1 D-2

31 32 33 34 36 37 38

E-1

59 60 68 82 96 97 98 99 100 101

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF CONTENTS EXHIBIT Budgetary Comparison Schedules: Schedule of Revenues, Expenditures and Changes in Fund BalancesBudget and Actual - National School Breakfast and Lunch Program Budget and Actual - Debt Service Fund Capital Assets Used in the Operation of Governmental Funds: Schedule of Function and Activity Schedule of Changes by Function and Activity Schedule by Location STATISTICAL SECTION - UNAUDITED Statistical Section Contents Governmental Activities Net Assets Changes in Net Assets Fund Balances of Governmental Funds Changes in Fund Balances of Governmental Funds Assessed Value - Real and Personal Property Property Tax Rates - Direct and Overlapping Governments Principal Property Taxpayers Property Tax Levies and Collections Ratios of Outstanding Debt by Type Ratios of Net General Obligation Bonded Debt Outstanding Computation of Direct and Overlapping Debt Legal Debt Margin Information Demographic and Economic Statistics Total Enrollment and Average Daily Attendance Principal Employers Full Time Equivalent Employees by Position Operating Statistics Teacher Salary Data School Building Information Fund Balance and Cash Flow Calculation Worksheet District Map COMPLIANCE SECTION Schedule of Delinquent Taxes Receivable Schedule of Expenditures of Federal Awards Notes on Accounting Policies for Federal Awards Long Term Debt Schedule Schedule of Expenditures for Computation of Indirect Cost for 2010-2011 H-1 H-2 H-3 H-4 142 144 147 148 150 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 PAGE

F-9 F-10

102 103

G-1 G-2 G-3 TABLE

104 105 106 PAGE 109 111 112 115 116 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 138 139

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INTRODUCTORY SECTION

January 19, 2012

Board of Trustees Beaumont Independent School District 3395 Harrison Street Beaumont, Texas 77706-5009 Dear Board Members: The Texas Education Code requires that all school districts file a complete set of financial statements with the Texas Education Agency (TEA) within 150 days of the close of each fiscal year. The financial statements must be presented in conformity with generally accepted accounting principles (GAAP) and audited by a firm of licensed certified public accountants in accordance with generally accepted auditing standards. Pursuant to that requirement, we hereby issue the Comprehensive Annual Financial Report of the Beaumont Independent School District (the District) for the year ended August 31, 2011. This report consists of managements representations concerning the finances of the District. Consequently, management assumes full responsibility for the completeness and reliability of all of the information presented in this report. In order to provide a reasonable basis for making these representations, management of the District has established a comprehensive internal control framework that is designed to protect the Districts assets from loss, theft or misuse. Additionally, the internal control framework is designed to compile sufficient reliable information for the preparation of the Districts financial statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the Districts comprehensive framework of internal controls has been designed to provide reasonable assurance rather than absolute assurance that the financial statements will be free from material misstatement. To the best of our knowledge and belief, this financial report is complete and reliable in all material respects. The financial statements of the District have been audited by Gayle W. Botley & Associates, a firm of licensed certified public accountants. The goal of the independent audit is to provide reasonable assurance that the financial statements of the District for the year ended August 31, 2009, are free of material misstatement. The independent audit involves examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditors concluded, based upon the audit, that there was a reasonable basis for rendering an unqualified opinion that the Districts financial statements for the year ended August 31, 2009, are fairly presented in conformity with GAAP. The independent auditors report is presented as the first component of the financial section of this report. The independent audit of the financial statement is part of a broader, federally mandated Single Audit designed to meet the special need of federal grantor agencies. The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on the audited governments internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of federal awards. These reports are available in the Districts separately issued Single Audit Report.

Board of Trustees Beaumont Independent School District January 19, 2012 GAAP require that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Managements Discussion and Analysis (MD&A). This letter of transmittal is designed to complement MD&A and should be read in conjunction with it. The Districts MD&A can be found immediately following the report of the independent auditors. Profile of the District The original Beaumont Independent School District was established in 1913 and reached its current configuration through a consolidation of the former Beaumont Independent School District and South Park Independent School District on September 1, 1984. Located within the City of Beaumont and totally in Jefferson County, Texas, it encompasses 153.34 square miles and has a population of approximately 113,866. Residents of the district elect a seven-member Board of Trustees (the Board), each of whom serves for three years. Monthly meetings of the Board are posted and advertised as prescribed under state law so that the Board may fulfill its charge to the students, parents, staff, and taxpayers of the District. Special meetings or work sessions are scheduled as needed. The board has final control over all school matters except as limited by state law. The Beaumont Independent School District Public Facility Corporation (Corporation) was organized as a non-profit corporation under the Public Facility Corporation Act, Article 717s, of Vernons Texas Civil Statutes. Articles of Incorporation were adopted on October 21, 1999 with the Board of Trustees of the District serving as Directors of the Corporation. The Corporation was formed for the construction of improvements and purchase of necessary land to be leased by the District for use in its operations. Detailed information regarding the Corporation is found in the notes to the financial statements. The financial statements of the reporting entity include those of the District, the primary government, and the Corporation, its component unit. All funds of the District are included in this report. The District employs 2,891 persons, with 1,180 classified as professional employees and 1,711 classified as support personnel. These employees adequately provide educational services for the approximately 20,000 students enrolled in the Districts seventeen elementary schools (prekindergarten through fifth grade), seven middle schools (sixth through eighth grade), three high schools (ninth through twelfth grade), one career center, and one recovery learning center as a dropout recovery campus. All District schools are fully accredited by the Texas Education Agency. The District provides a full range of educational services appropriate to the grade levels prekindergarten through twelfth grade. In addition to the basic instructional programs, the District provides gifted and talented, bilingual/ESL, special education for handicapped students, remedial, college preparatory, and career and technology programs. These programs are supplemented by a wide variety of offerings in the fine arts, athletics, and other extracurricular programs. The mission of the District is to guarantee that its graduates possess the necessary skills, values and knowledge to compete successfully as productive citizens in a diverse global society through an educational system characterized by: Expectation of success for each person; Optimum application of technology; An appreciation of various cultures; Full involvement of parents, teachers and the community; and Respect and care for each other. 4

Board of Trustees Beaumont Independent School District January 19, 2012

Factors Affecting Financial Conditions Local Economy. The Beaumont Independent School District is located in the City of Beaumont, Texas. Beaumont is the major city in a region with nearly 400,000 residents. Economic development is a major thrust of the Beaumont Chamber of Commerce as evidenced by expansions of commercial sites, hospitals and the Port of Beaumont. Interstate highways, rails, a deep-water port and regional airport benefit area businesses. Having one of the fastest-growing technical colleges in the State of Texas and an outstanding university adds to the strengths of our region. Abundant raw materials and a great variety of man-made materials are also available in the Beaumont area. Along the Texas Gulf Coast, a maze of pipelines delivers feedstock for the manufacture of an unlimited number of products, most of which are hydrocarbons derived from Texas' abundant oil and natural gas. A healthy agricultural economy includes rice, soybeans, blueberries, crawfish, wheat, corn, grain, sorghum and livestock. Growth History. The Beaumont Independent School District has maintained a steady enrollment only experiencing slight fluctuations over the last 10 years and is projected to trend upward slightly in the future due to new industry relocating to the Beaumont area. Future Planning. The current method of funding public education in Texas has caused Beaumont ISD to make key budget adjustments for the 2011-2012 school year. The Districts approach to coping with the challenges of a restricted funding environment with increasing academic standards has been to ensure that the budget process is instructionally driven and guided by the Goals of the District. The major budget priorities are to provide adequate staff for any fluctuations in student growth and increased accountability; to ensure that quality staff is retained and competitive hiring practices continue by providing competitive salaries and benefit packages including fully funding employee health insurance coverage; to provide ongoing professional development resources; and to provide additional funding for utilities and maintenance supplies associated with the ongoing implementation of the bond program. The Board and Administration review the Goals of the District every year, focusing on aligning the allocation of resources, both personnel and financial, with the accomplishment of the goals and objectives. This facilitates identification of target areas for both operating cost reductions and increases. Financial Information. The Beaumont Independent School Districts accounting records reflect generally accepted accounting principles as promulgated by the Governmental Accounting Standards Board. This is also required under state regulations by the Texas Education Agency. The Districts accounting system is organized and operated on the basis of funds, each of which is a separate accounting entity with a self-balancing set of accounts. In developing and evaluating the Districts accounting system, consideration is given to the adequacy of its internal control structure. An internal control structure is designed to provide reasonable, but not absolute, assurance regarding: (1) the safeguarding of assets against loss from unauthorized use or disposition; and (2) the reliability of financial records used for preparing financial statements and accounting for assets. The concept of reasonable assurance recognizes that the cost of an internal control structure should not exceed the benefits to be derived and that these evaluations occur within this framework. The management of the District is convinced that the internal control structure adequately safeguards assets and provides reasonable assurance of proper recording of financial transactions.

Board of Trustees Beaumont Independent School District January 19, 2012 An encumbrance system maintains budgetary control. As purchase orders are issued, corresponding amounts of appropriations are reserved by the use of encumbrances for later payment so that appropriations may not be overspent. No substantial amounts that exceed the budget are expended prior to the Board of Trustees amending the budget. The annual budget serves as the foundation for the Districts financial planning and control. The budgeting process for Beaumont Independent School District allows for input from teachers, community leaders, principals, administrators and ancillary personnel. Budget workshops are held with the Board of Trustees regularly during the budget process. The budget for 2010-2011 was formally prepared for adoption for all governmental fund types by August 18, 2010. The Board of Trustees formally adopted the budget at a duly advertised public meeting prior to the expenditure of funds. The budget was properly amended as required throughout the year. The Districts administration reviews the budget throughout the year and recommends amendments to the Board as necessary. The Board approves amendments to the budget that are required when a change is made to any one of the functional expenditure categories or revenue object accounts defined by the Texas Education Agency (TEA). Expenditures may not legally exceed appropriations, as amended, at the function level, by fund.

Debt Administration. The ratio of net bonded debt to assessed value for the Beaumont Independent School District is .44 percent. The legal restriction of the State of Texas on net bonded debt is 10% of the assessed value and the District is below that level. All principal and interest payments are due February 15 and August 15 of each year. On February 1 of each year, outstanding taxes become delinquent, which permits the collection of a large majority of taxes levied before the long-term debt payments are due.

Cash Management. Using competitive bidding, depository bank services are awarded for a twoyear contract period with an option to extend for an additional two years as allowed by TEA. To achieve an active cash management policy, the following procedures are followed: 1. Investment Strategy: Demand accounts receive interest based on monthly average balances. Tax collections are deposited directly to a local government investment pool District balances in selected accounts are swept into overnight investments. 2. Disbursement Strategy: Vendor payments are scheduled to maximize any discount rates afforded to the District. A controlled disbursement account is utilized to pay district payables. Payroll and benefits accounts are maintained as zero based and are funded as checks are presented for payment. 3. Bank Relationships: A checking account analysis is prepared and analyzed on a monthly basis to determine monthly bank charges. Immediate access to bank balances is available through internet banking. 4. Management Strategy: Cash forecasting is performed annually based on new revenue projections. Cash flow is monitored on a daily basis to assure maximum utilization. 6

Board of Trustees Beaumont Independent School District January 19, 2012

Cash available in excess of cash requirements was invested in the Texas Local Government Investment Pool, and Lone Star Investment Pool. The Districts investment policy minimizes risk while maintaining a competitive yield on its portfolio. District deposits were entirely covered by Federal Deposit Insurance Corporation (FDIC) insurance or pledged collateral for the year ended August 31, 2011.

Risk Management. The District has an active risk management policy in place. Workers compensation claims are investigated and appropriate action is taken. The workers compensation plan is self funded and administered through a third party. The District routinely reviews all District insurance programs to assess risk exposure and the appropriate level of coverage. Various risk control techniques, including employee training are ongoing to reduce potential accident scenarios. The District's property and casualty insurance is provided by national commercial carriers on a fully insured basis. Major Initiatives and Accomplishments The 2010-11 structure of the Beaumont Independent School District provided support to accomplish the following results: The District issued its final installment of bonds totaling $31.5 million from the $388.6 million bond issue authorized by voters on November 6, 2007. The District moved numerous temporary buildings and others added to school operations to allow for construction work at several sites slated to receive new schools. The district also purchased land, hired architects and design team, construction managers at risk (CMARs) and subcontractors. Demolition work was started and various other construction projects were also jump started in an effort to begin its fourth year of a four year building program. The District completed the construction of Blanchette, Charlton-Pollard, Mae Jones Clark, Martin, Price-Fehl, and Regnia-Howell Elementary Schools. The District completed additions and renovations at numerous locations throughout the Distrct. The District completed construction and opened a third transportation center.

Awards and Acknowledgements The Beaumont Independent School District participates in the Certificate of Achievement for Excellence in Financial Reporting Award program sponsored by the Government Finance Officers Association (GFOA). Receiving this prestigious award is the result of achieving the highest standards in governmental accounting and financial reporting. Fiscal year ended August 31, 2010 marked the Fifteenth consecutive year the District received this annual award. We believe that our fiscal year ended August 31, 2011. CAFR continues to meet the program requirements and are submitting it to GFOA for consideration. Of Beaumont ISDs twenty-eight ratable schools the Texas Education Agency rated seven schools as exemplary, ten as recognized, and ten as academically acceptable. 7

Board of Trustees Beaumont Independent School District January 19, 2012

Business Review USA Magazine named Beaumont ISD to its national list of Top 10 School Districts. Beaumont ISD is home to three Blue Ribbon Schools as well as three ACT model schools and one Texas Business Education Coalition Honor Roll School. The Houston Chronicle named Beaumont ISD as #23 on the 2011 list of Top 100 Workplaces. The National League of Cities National Black Caucus of Local Elected Officials commended Beaumont ISD as a national model school district.

The preparation of this report on a timely basis could not have been accomplished without the efficient and dedicated efforts of the entire staff of the Business Office and the Print Shop. We would like to express our sincere appreciation to the members of these departments who assisted and contributed to the preparation of this report. The Superintendent and Business Office staff of the Beaumont Independent School District wishes to express its appreciation to the Board of Trustees for their concern in providing fiscal accountability to the patrons of the District and thereby its support in the financial management of the District. Finally, we would like to thank the residents of the district for their support of and belief in our public schools and the principals and teachers who provide the quality of education for which the District is known. Respectfully submitted,

_____________________________ Dr. Carrol A. Thomas Jr. Superintendent of Schools

_____________________________ Robert Zinglemann Chief Business Officer

_____________________________ Devin McCraney Director of Finance

BEAUMONT INDEPENDENT SCHOOL DISTRICT Beaumont, Texas Board of Trustees


Woodrow Reece, President Janice Brassard, Vice President Terry D. Williams, Secretary Zenobia Bush, Member Gwen Ambres, Member Mike Neil, Member Tom B. Nield Sr., Member

Dr. Carrol A. Thomas Superintendent of Schools Dr. David Harris Assistant Superintendent for Secondary Schools Dr. Shirley Bonton Deputy Superintendent for Elementary Schools Phillip Brooks Assistant Superintendent for Administration Dr. Timothy Chargois Assistant Superintendent for Research, Evaluation & Planning Robert Zingelmann Chief Business Officer Sybil Comeaux Executive Director of Personnel Jessie Haynes Special Assistant to Superintendent/Communications

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CERTIFICATE OF BOARD

Beaumont Independent School District Name of School District

Jefferson County

We, the undersigned, certify that the attached annual financial reports of the above named school district was reviewed and _____ approved _____ disapproved for the year ended August 31, 2011 at a meeting of the board of school trustees of such school district on the __19_ day of January, 2012.

Terry D. Williams, Secretary

Woodrow Reece, President

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Beaumont Independent School District Organization Chart


Board of Trustees
Attorney DEIC Auditor

Organizational Chart

Superintendent
Dr. Carrol A. Thomas

District Educational Improvement Committee

Deputy Superintendent for Curriculum, Instruction & Elementary Administration Chief Business Officer
Director of Finance Assistant Director for Finance & Purchasing Supervising Manager of Business Support Services Budget Supervisor Comptroller Payroll Supervisor

Assistant Superintendent for Administration


Director of Transportation Director of Health Services Chief of Police Director of Student Services

Asst. Superintendent Secondary Schools


Director of Facilities Asst. Director of Facilities Director of Food Services Systems Manager Business & Personnel Safety & Energy Mgt. Coordinator Director of Adult & Community Ed. Director of Career Technology Secondary Schools & Alternative School Principals Director of Athletics P.E. & Health Ed. Asst. Director of Athletics P.E. & Health Ed. Director of Staff Development Special Ed. Supervisors

Executive Director - Personnel Executive Director Special Education

Asst. Superintendent Research & Evaluation

Special Assistant for Communications

Certifications

Director - Information Services & Technology

Volunteer Program/ Education Partnerships Communications Specialist Graphic Arts/ Desktop Publishing

Personnel Inventory

Director Performance Mgt.

Diagnosticians

Reprographic Systems/ Printing Operations Media Center Director of Title I

Coordinator of Guidance & Drug-Free Schools Curriculum Supervisors Librarian Coordinator

Elementary Principals

Principal of Head Start

Cabinet Members

In Quest of Excellence Updated 8-12-11

Coordinator of Drivers Ed.

FINANCIAL SECTION

BEAUMONT INDEPENDENT SCHOOL DISTRICT


MANAGEMENTS DISCUSSION AND ANALYSIS AUGUST 31, 2011 In this section of the Comprehensive Annual Financial Report, we, the managers of the Beaumont Independent School District (the District), discuss and analyze the Districts financial performance for the fiscal year ended August 31, 2011. We encourage readers to consider the information presented here in conjunction with our transmittal letter on page 3, the independent auditors' report on page 13, and the District's Basic Financial Statements that begin on page 26.

FINANCIAL HIGHLIGHTS
The Districts assets exceeded its liabilities at the close of the most recent period by $215,888,496 (net assets). Of this amount, $30,491,143 (unrestricted net assets) may be used to meet the Districts ongoing obligations. The Districts total net assets increased by $76,284,745. See table II on page 19. At August 31, 2011, the Districts governmental funds reported combined ending fund balances of $153,490,133 a decrease of $122,125,056 or 55.69% from the prior year restated balance. At August 31, 2011, $40,566,216 or 23.6% of total General Fund expenditures is available for spending at the governments discretion (unreserved, undesignated fund balance).

OVERVIEW OF THE FINANCIAL STATEMENTS


This discussion and analysis are intended to serve as an introduction to the Districts basic financial statements. The Districts basic financial statements include of three components: (1) government-wide financial statements, (2) fund financial statements, and (3) notes to the financial statements. This report also contains certain required supplementary information, which includes this managements discussion and analysis. Government-wide Financial Statements. The government-wide financial statements are designed to provide readers with a broad overview of the Districts finances, in a manner similar to a private-sector business. They include the Statement of Net Assets and the Statement of Activities that provide information about the activities of the District as a whole and present a longer-term view of the District's property and debt obligations and other financial matters. They reflect the flow of total economic resources in a manner similar to the financial reports of a business enterprise. The Statement of Net Assets presents information on all of the Districts assets and liabilities, with the difference between the two reported as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether the financial position of the District is improving or deteriorating. The Statement of Activities presents information showing how the governments net assets changed during the current fiscal year. All changes in net assets are reported for all of the current years revenues and expenses regardless of when cash is received or paid. Thus, revenue and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods. Both of the Districts government-wide financial statements distinguish the functions of the District as being principally supported by taxes and intergovernmental revenues (governmental activities) as opposed to business-type activities that are intended to recover all or a significant portion of their costs through user fees and charges. The District has no business-type activities but includes one blended component unit for which it is financially accountable. The government-wide financial statements can be found on pages 26 -27 of this report.

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BEAUMONT INDEPENDENT SCHOOL DISTRICT


MANAGEMENTS DISCUSSION AND ANALYSIS AUGUST 31, 2011 Fund Financial Statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objects. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related requirements. The fund financial statements provide detailed information about the Districts most significant funds, not the District as a whole. All of the funds of the district can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds. Governmental Funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances available at end of each fiscal year. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term effort of the governments near-term effort of the governments near-term financing decisions. Both the governmental funds balance sheet and the governmental funds statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The District maintains several individual governmental funds organized according to their type (special revenue, debt service, and capital projects). Information is presented separately in the governmental funds balance sheet and in the governmental funds statement of revenues, expenditures and changes in fund balances for the Districts most significant funds. The Districts major governmental funds are the General Fund and Local Capital Projects Fund. Data for the remaining governmental funds are combined into a single, aggregated presentation. Individual fund data for each of the non-major governmental funds is provided in the form of combining statements elsewhere in this report. The District adopts an annual appropriated budget for its General Fund. A budgetary comparison statement has been provided for the General Fund to demonstrate compliance with this budget. The Texas Education Agency also requires the District to present a budgetary comparison statement for one of its special revenue funds (food service) and the debt service fund. Proprietary Funds. Proprietary funds reported by the District are generally used to account for services for which the District charges its employees or internal units. The District maintains Internal Service funds to accumulate and allocate costs internally among the Districts various functions. The District used internal service funds to account for its self-insurance program for workers compensation, and the Districts program for providing employee health insurance benefits. The activities and balances of these funds have been included with governmental activities in the government-wide financial statements. Fiduciary Funds. The District is the trustee, or fiduciary, for money raised by student activities and alumnae scholarship programs. All of the District's fiduciary activities are reported in separate Statements of Fiduciary Net Assets and Changes in Fiduciary Net Assets on pages 36 - 37. We exclude these resources from the District's other financial statements because the District cannot use these assets to finance its operations. The District is only responsible for ensuring that the assets reported in these funds are used for their intended purposes.

Notes to the Financial Statements. The notes provide additional information that is essential to a complete understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements can be found on pages 38 - 57 of this report. 16

BEAUMONT INDEPENDENT SCHOOL DISTRICT


MANAGEMENTS DISCUSSION AND ANALYSIS AUGUST 31, 2011 Required Supplementary Information. In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information that further explains and supports the information in the financial statements. Required supplementary information can be found on pages 59 - 60 of this report. Combining Statements. The combining statements for non-major governmental funds contain information about the Districts individual funds. Combining and individual fund statements and schedules are presented on pages 68 - 95 of this report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS


Our analysis focuses on the Net Assets (Table I) and Changes in Net Assets (Table II) of the Districts governmental activities. As noted earlier, net assets may serve as a useful indicator of a governments financial position. Table I is a condensed version of the Districts Statement of Net Assets and reports that assets exceeded liabilities by approximately $151.3 million at the close of the fiscal year ended August 31, 2011, which was a increase of $74.0 million. The largest portion of the Districts net assets (35% or $75.36 million) represents resources that are subject to external constraints (example: constraints imposed by creditors, grantors or by law.) An additional portion of the Districts net assets (51% or $110.0 million) reflects its investment in capital assets (primarily school facilities and related furniture and fixtures and equipment), net of outstanding debt used to acquire or construct capital assets. Unrestricted net assets (14% or $30.4 million) can be used to meet the Districts ongoing obligations to creditors and to provide programs to its students. Net assets of the Districts governmental activities for the current year increased $74,076,434. This is an indication that the governments overall financial position has increased. Beginning net assets were $139.6 million. Ending net assets for the year were $151.3 million. Exhibit B-2R details the reasons for the increase in net assets.

Current and Other Assets Capital Assets Total Assets Long-term debt Principal Accreted Interest Other Liabilities Total Liabilities Net Assets: Invested in Capital Assets, Net of Related Debt Assigned Unassigned Total Net Assets

August 31,2011 177,278,428 419,225,211 596,503,639

August 31,2010 303,846,129 261,960,730 565,806,859

423,223,005 1,728,623 20,202,514 445,154,142

399,588,519 1,629,639 24,984,950 426,203,108

47,704,300 75,362,365 28,282,832 151,349,497

34,181,927 76,964,232 28,457,592 139,603,751

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BEAUMONT INDEPENDENT SCHOOL DISTRICT


MANAGEMENTS DISCUSSION AND ANALYSIS AUGUST 31, 2011 Governmental Activities. Governmental activities increased the Districts net assets by $74,076,434 for the current year.

Property tax revenue increased by approximately $4.8 million during the year due to an increase in property tax values. Revenues from Operating Grants and Contributions decreased approximately $2.4 million due to a decrease in grant funding. Miscellaneous Local and Intermediate saw the most significant increase of approximately $115,365.631 due to an increase in value of the Foreign Trade Zone, along with the proceeds from the settlement of a law suit related to hurricane losses. The total cost of all governmental activities this year was $365,584,670 significantly more than the prior year by $40,932,641. Instruction and Instructional support expenses increased by $1,769,409 between the 2010-2011 fiscal year and 2009-2010 fiscal year which represents an 1.5 percent increase. Plant maintenance and operations increased $37,823,603 as a result of numerous construction and capital outlay projects taking place around the district. Student Pupil Transportation increased $1,813,169 due to the increase of fuel cost for additional transportation for the after school tutorial program ACE, along with the expansion of other after school tutorial and enrichment programs through the district which allows for the transport of participates from their home school campus to the tutorial program site and from the site to their individual homes each day .

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BEAUMONT INDEPENDENT SCHOOL DISTRICT


MANAGEMENTS DISCUSSION AND ANALYSIS AUGUST 31, 2011

Key elements of the governmental activities of the District are reflected in the following table.

Table II Beaumont Independent School District Changes in Net Assets August 31,2011 Revenues: Program Revenues: Charges for Services Operating Grants and Contributions General Revenues: Maintenance and Operations Taxes Debt Service Taxes State Aid - Formula Grants Grants and Contributions - Not Restricted to Specific Functions Investment Earnings Miscellaneous Total Revenue Expenses: Instruction Instructional Resources and Media Services Curriculum/Instructional Development Instructional Leadership School Leadership Guidance and Counseling Services Social Work Services Health Services Student (Pupil) Transportation Food Services Cocurricular/Extracurricular Activities General Administration Plant Maintenance and Operations Security and Monitoring Services Data Processing Services Community Services Debt Services - Interest on Long Term Debt Debt Services - Bond Issuance Cost & Fees Facilities Acquisition and Construction Shared Service Arrangement/Deaf Program Juvenile Justice Alternative Education Total Expenses Decrease in Net Assets Net Assets - September 1 (Beginning) Prior Period Adjustment Net Assets - September 1 (Restated) Net Assets - August 31 (Ending) $ 112,860,852 2,798,831 2,212,411 5,635,824 10,784,759 5,135,076 916,205 2,008,140 11,301,735 11,302,793 4,488,196 12,200,086 170,790,004 2,553,114 1,595,652 1,524,411 6,730,000 405,557 157,274 183,750 365,584,670 11,745,746 139,603,751 139,603,751 151,349,497 $ 111,752,028 2,138,246 1,908,921 5,120,505 10,198,627 4,552,286 773,993 1,919,799 9,488,566 10,759,322 4,289,662 6,683,933 132,966,401 2,321,161 1,313,045 1,502,498 16,193,121 459,134 127,031 183,750 324,652,029 (3,538,470) 139,977,031 3,165,190 143,142,221 139,603,751 August 31,2010

13,172,542 52,003,974 91,237,253 23,847,140

5,964,291 54,479,701 90,837,563 19,400,000

40,579,973 463,188 218,357,034 439,661,104

46,537,431 903,170 102,991,403 321,113,559

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BEAUMONT INDEPENDENT SCHOOL DISTRICT


MANAGEMENTS DISCUSSION AND ANALYSIS AUGUST 31, 2011

Key elements of the Districts governmental activities are further illustrated in the following charts:

Comparison of Expenditures - Current to Prior Year


Thousands

180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0

2009-2010

2010-2011

Other support services include security and monitoring services and data processing services. Other includes community services, debt service interest and fees, shared service arrangements, juvenile justice alternative education and depreciation expense.

20

BEAUMONT INDEPENDENT SCHOOL DISTRICT


MANAGEMENTS DISCUSSION AND ANALYSIS AUGUST 31, 2011 ComparisonofRevenuesbySource CurrenttoPriorYear
Thousands

250,000 200,000 150,000 100,000 50,000 0

20102011

20092010

FINANCIAL ANALYSIS OF THE DISTRICTS FUNDS


As noted earlier, the District uses fund accounting to ensure and demonstrate compliance with financerelated requirements. Governmental Funds. The focus of the Districts governmental funds is to provide information on near term inflows, outflows, and balances of dependable resources. Such information is useful in assessing the Districts financing requirements. In particular, unreserved fund balance may serve as a useful measure of the Districts net resources available for spending at the end of the fiscal year. As the District completed the year, its governmental funds (as presented in the balance sheet on page 28 reported a combined fund balance of $151,275,148 a decrease of $124,351,538 from the prior year. Of this total $40,565,239 represents unassigned resources available for spending at the Districts discretion and $10,286,970 for capital projects. Resources designated for other purposes total $1,750,000. The remainder of the fund balances are assigned to indicate that they are not available for new spending because they have already been committed (1) to liquidate contracts and purchase orders of the prior period ($3,740,086), (2) to liquidate the related expenditures that will be recognized when inventories are eventually consumed, ($513,745), (3) to make debt service payments, ($2,189,790), (4) for food service, ($1,145,873) (5) for prepaid items, ($2,619,411). Please reference Exhibit B-1. The General Fund is the primary operating fund of the District. At the end of the current fiscal year, the unassigned fund balance of the General Fund was $40,565,239, while the total fund balance of the General Fund was $45,759,664. As a measure of the General Funds liquidity, it may be useful to compare the unreserved fund balance to total General Fund expenditures. Unassigned fund balance represents 24% of total General Fund expenditures of $171,462,554. Total fund balance represents 27% of that same amount.

21

BEAUMONT INDEPENDENT SCHOOL DISTRICT


MANAGEMENTS DISCUSSION AND ANALYSIS AUGUST 31, 2011 The Debt Service fund has a total fund balance of $2,186,610 all of which is reserved for the payment of debt service. The net decrease in the debt service fund balance during the current year of $815,233 was primarily attributable to decreased earnings along with increased Debt Service cost. The capital projects fund has a total fund balance of $101,989,736 all of which is reserved for authorized constructions projects because of resources made available in the Capital Project Fund along with bond proceeds. This fund decreased by approximately $125,061,372 due to the construction of 6 new schools and several new parking lots, classroom additions and various other construction projects throughout the district. Proprietary Funds. As of August 31, 2011, the unrestricted net assets for the internal service funds, which are used to account for certain governmental activities were $620,809. The net change in assets of the fund is eliminated and allocated to governmental expenses in the government-wide financial statements. Fiduciary Funds. The District reports fiduciary fund activity for Private Purpose Trust Funds (scholarships) and Agency Funds (student activity). Changes to these funds were immaterial for the fiscal year.

GENERAL FUND BUDGETARY HIGHLIGHTS


Over the course of the year, the District recommended and the Board approved several revisions to budgeted revenue and expenditures. These amendments fall into the following categories: Amendments approved shortly after the beginning of the new fiscal year for amounts reserved and designated in the prior year Amendments in early and late spring to revise estimates for local and state revenue based on the latest information on student attendance numbers and tax collections Amendments throughout the year for transfers to and from other funds and federal indirect cost calculations Amendments during the year for unexpected occurrences

Significant differences between the original budget and the final amended budget of the General Fund can be briefly summarized as follows: Budgeted revenue: $12,380,782 increase in local revenues due to insurance proceeds from Hurricane Ike, along with an increase in the Foreign Trade Zone Value 4,505,250 in state revenue due to increase in enrollment

Budgeted expenditures: $2,389,657 decrease in instruction cost due to the closing/combining of several schools. $4,556,950 increase in student (pupil) transportation cost due the refurbishing of several buses, increase in fuel cost, an increase in student enrollment, along with the addition of the after school tutorial program ACE and the expansion of other after school programs. $5,469,179 increase in plant maintenance and operations due to the acquisition of land along with numerous capital improvements throughout the district. Reallocations within budgets to reflect campus plan updates and changes in needs.

22

BEAUMONT INDEPENDENT SCHOOL DISTRICT


MANAGEMENTS DISCUSSION AND ANALYSIS AUGUST 31, 2011

CAPITAL ASSET AND LONG-TERM DEBT ACTIVITY


Capital Assets. At August 31, 2011, the District had $419.2 million (net of depreciation) invested in a broad range of capital assets, including land, buildings, furniture and equipment used for instruction, transportation, athletics, administration, and maintenance.

Beaumont Independent School District Capital Assets Governmental Activities August 31, 2011 13,317,689 60,226,129 388,085,522 30,761,201 492,390,541 August 31, 2010 13,196,524 82,596,079 219,554,979 27,715,426 343,063,008

Land Construction in Progress Building and Improvements Furniture and Equipment Totals at Historical Costs Less Accumulated Depreciation: Buildings and Improvements Furniture and Equipment Total Accumulated Depreciation Net Capital Assets

(62,309,685) (10,855,645) (73,165,330) 419,225,211

(71,030,800) (10,071,478) (81,102,278) 261,960,730

Major capital assets events during the current fiscal year include the following: The District completed the construction of Blanchette, Charlton-Pollard, Mae Jones Clark, Martin, Price-Fehl, and Regina-Howell Elementary Schools. The District completed additions and renovations at numerous locations throughout the District. The District completed construction and opened a third transportation center.

For government-wide financial statement presentation, all depreciable capital assets were depreciated from acquisition date to August 31, 2011. Fund financial statements record capital asset purchases as expenditures. See Notes 1 and 4 in the Notes to the Financial Statements for further information regarding capital assets.

Long-Term Debt. At year-end, the District had $414,725,000 in bonds and tax notes outstanding. Of this amount, $410,115,000 is general obligation bonds backed by the full faith of the State of Texas Permanent School fund, and $4,610,000 in lease revenue bonds backed by the general revenue of the District. The District's general obligation bond rating is very favorable with a Standard & Poors rating of AAA and a Moodys Investor Services rating of Aaa. The District has no authorized, unissued bonds.

More detailed information about the District's long-term liabilities is presented in Note 7 to the financial statements. 23

BEAUMONT INDEPENDENT SCHOOL DISTRICT


MANAGEMENTS DISCUSSION AND ANALYSIS AUGUST 31, 2011

Beaumont Independent School District Outstanding Debt

August 31, 2011 Governmental activities: Bonds Payable: General obligations bonds Accumulated accretion Less deferred amounts: On refunding Lease Revenue Bonds Total bonds payable Compensated absences Total $ $ 410,115,000 1,728,623 (1,099,624) 4,610,000 415,353,999 7,615,000 422,968,999

August 31, 2010

$ 384,745,000 1,629,639 (1,099,624) 5,610,000 390,885,015 8,703,504 $ 399,588,519

ECONOMIC FACTORS AND NEW YEARS BUDGETS AND RATES


The District's elected officials considered many factors when adopting the fiscal year 2011 budgets and tax rates. Of primary concern was their desire to adopt a balanced budget for the General Fund. General and specific factors affecting the Boards budgeting decisions included: Unemployment in the area is 8.5%, which compares un-favorably to the States average unemployment rate of 8.1 %. The Districts enrollment is expected to remain stable. The Districts student attendance rate is expected to remain stable at 95.10%. The taxable assessed value increased by $188.9 million or 2% from the prior year. The District has estimated revenues and other sources of $162,303,438 and appropriated expenditures and other uses of $162,303,438 representing a balanced budget.

CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT


This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a general overview of the Districts finances as well as demonstrate accountability for funds the District receives. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Office of the Chief Business Officer, Beaumont I.S.D., 3395 Harrison, Beaumont, Texas 77706-5009.

24

BASIC FINANCIAL STATEMENTS

BEAUMONT INDEPENDENT SCHOOL DISTRICT


STATEMENT OF NET ASSETS AUGUST 31, 2011

EXHIBIT A-1

Data Control Codes 1110 1220 1230 1240 1290 1310 1420 1490 Assets Cash and Cash Equivalents Property Taxes Receivable (Delinquent) Allowance for Uncollectible Taxes Due from Other Governments Other Receivables, Net Inventories - Supplies and Materials Capital Bond and Other Debt Issuance Costs Other Current Assets Capital Assets (Net of Accumulated Depreciation): Land Buildings and Improvements Furniture and Equipment Construction In Progress Total Assets Liabilities Accounts Payable and Accrued Expenses Interest Payable Payroll Deductions and Withholdings Payable Accrued Wages Payable Due to Other Funds Due to Other Governments Accrued Expenses Unearned Revenues Long Term Liabilities: Due Within One Year Due in More Than One Year Total Liabilities Net Assets Invested in Capital Assets, Net of Related Debt Restricted for Debt Service Restricted for Capital Projects Unrestricted Net Assets Total Net Assets $ $

Primary Government Governmental Activities 142,083,822 10,264,895 (4,205,621) 10,333,912 15,308,363 513,745 155,025 2,824,287

1510 1520 1530 1580 1000

13,317,689 325,775,837 19,905,557 60,226,128 596,503,639

2110 2140 2150 2160 2170 2180 2200 2300 2501 2502 2000

7,336,759 1,728,623 1 728 623 2,353,453 9,546,664 136,189 544,712 27,670 257,067 7,615,000 415,608,005 445,154,142

3800 3850 3860 3900 3000

47,704,300 2,189,790 73,172,575 28,282,832 151,349,497

The notes to the financial statements are an integral part of this statement.

26

BEAUMONT INDEPENDENT SCHOOL DISTRICT


STATEMENT OF ACTIVITIES FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

EXHIBIT A-2

Data Control Codes 0011 0012 0013 0021 0023 0031 0032 0033 0034 0035 0036 0041 0051 0052 0053 0061 0072 0073 0093 0095 TP Governmental Activities Instruction Instructional Resources & Media Services Curriculum/Instructional Development Instructional Leadership School Leadership Guidance and Counseling Services Social Work Services Health Services Student (Pupil) Transportation Food Services Cocurricular/Extracurricular Activities General Administration Plant Maintenance and Operations Security and Monitoring Services Data Processing Services Community Services Debt Service - Interest on Long Term Debt Debt Service - Bond Issuance Cost & Fees Shared Service Arrangements/Local Deaf Juvenile Justice Alternative Education Total Primary Government:
Data Control Codes MT DT GC IE MI TR CN

Expenses $ 112,860,852 2,798,831 2,212,411 5,635,824 10,784,759 5,135,076 916,205 2,008,140 11,301,735 11,302,793 4,488,196 12,200,086 170,790,004 2,553,114 1,595,652 1,524,411 6,730,000 405,557 157,274 183,750 365,584,670 $

Program Revenues Charges Operating for Grants and Services Contributions 790,353 2,371,058 395,176 7,640,074 1,975,881 13,172,542 $ 29,632,312 649,292 1,385,171 3,412,422 902,298 1,200,261 325,904 271,070 308,887 11,039,348 214,880 233,955 780,193 148,121 128,732 1,371,128 $ 52,003,974 $ $

Net (Expense) Revenue and Changes in Net Assets Governmental Activities (82,438,187) (2,149,539) (827,240) (2,223,402) (9,882,461) (3,934,815) (590,301) (1,737,070) (10,992,848) 2,107,613 (3,878,140) (11,966,131) (162,369,737) (2,404,993) (1,466,920) 1,822,598 (6,730,000) (405,557) (157,274) (183,750) (300,408,154)

General Revenues: Taxes: Property Taxes, levied for general purposes Property Taxes, levied for debt service Grants and Contributions not restricted Investment Earnings Miscellaneous Local and Intermediate Total General Revenues Change in Net Assets Net Assets - September 1 (Beginning) Prior Period Adjustment Net Assets - September 1 (Restated) Net Assets - August 31 (Ending) $ 91,237,253 23,847,140 40,579,973 463,188 156,026,346 312,153,900 11,745,746 139,603,751 139,603,751 151,349,497

NB PA NB NE

The notes to the financial statements are an integral part of this statement.

27

BEAUMONT INDEPENDENT SCHOOL DISTRICT


BALANCE SHEET GOVERNMENTAL FUNDS AUGUST 31, 2011

EXHIBIT B-1

Data Control Codes 1110 1220 1230 1240 1260 1290 1310 1490

10 General Fund Assets Cash and Temporary Investments (market) Property Taxes - Delinquent Allowance for Uncollectible Taxes (credit) Due from Other Governments Due from Other Funds Other Receivables Inventories, at Cost Other Current Assets $ 28,236,483 8,149,300 (4,022,381) 1,997,872 6,359,475 15,295,425 331,976 2,362,586

60 Major Local Capital Projects $ 6,829,280 -

60 Major Capital Project Bond $ 97,062,395 -

Other Funds $ 3,743,159 2,115,595 (183,240) 8,336,040 136,189 12,938 181,769 -

Total Governmental Funds $ 135,871,316 10,264,895 (4,205,621) 10,333,912 6,495,664 15,308,363 513,745 2,362,586

1000

Total Assets Liabilities Accounts Payable Payroll Deduction and Withholdings Payable Accrued Wages Payable Due to Other Funds Due to State Due to Student Groups Accrued Expenditures Deferred Revenues Total Liabilities Fund Balance Nonspendable: Investments in Inventory Restricted for: Retirement of Long-Term Debt Prepaid Items Outstanding Encumbrances Food Service Committed to: General Fund Designated for Other Purposes Unassigned to: General Fund Reported in Capital Projects Fund Total Fund Balance Total Liabilities and Fund Balance

58,710,735

6,829,280

$ 97,062,395

$ 14,342,450

$ 176,944,860

2110 2150 2160 2170 2180 2190 2200 2300 2000

777,050 2,353,051 7,907,038 136,189 164,418 10,212 27,670 1,583,443 12,959,072

490,415 490,415

1,403,524 1,403,524

836,921 402 1,639,626 6,359,474 380,294 1,608,301

3,507,911 2,353,453 9,546,664 6,495,663 544,712 10,212 27,670 3,191,744

$ 10,825,018

$ 25,678,029

3410 3420 3430 3440 3450 3590 3600 3620 3000 4000

331,976 2,619,411 493,038 1,750,000 40,565,239 -

3,247,047 3,091,818

$ -

181,769 2,189,789 1,145,873 318 -

513,745 2,189,789 2,619,411 3,740,086 1,145,873 90,205,718 40,565,557 10,294,970

88,455,718 7,203,152 $ 95,658,871 $ 97,062,395

$ $

45,759,664 58,718,735

$ $

6,338,865 6,829,280

$ 3,517,749 $ 14,342,767

$ 151,275,148 $ 176,953,177

The notes to the financial statements are an integral part of this statement. 28

BEAUMONT INDEPENDENT SCHOOL DISTRICT


RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET ASSETS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 Total Fund Balances - Governmental Funds The District uses internal service funds to charge the costs of certain activities, such as self-insurance,to appropriate function in other funds. The assets and liabilities of the internal service funds are included in governmental activities in the statement of net assets. The net effect of this consolidation is to increase net assets $

EXHIBIT B-1R

151,263,651

620,809

137,630,789 Capital assets used in governmental activities are not financial resources and therefore are not reported in governmental funds. The net effect of capital assets net of (accumulated depreciation) which includes the cost of the beginning of the year assets, the cost of these assets was $343,063,008 and the accumulated depreciation was ($81,102,278). In addition, long-term liablities, including bonds payable, are not due and payable in the current period, and, therefore are not reported as liablities in the funds. The total debt outstanding as of the beginning of the year was $399,588,519. The net effect of including the beginning balances for capital assets (net of depreciation) and long-term debt in the governmental activities is to increase net assets. 87,622,960 Current year capital outlays of $160,440,247 net of retirement and long-term debt principal payments in capital assets and increases in capital assets and reductions in long-term debt in the government-wide financial statements. The District dold new debt in the amount of $31,500,000. Long term liabilities related to vaction and sick leave were adjusted to reflect the net change accrued during the year. Amoritization of bond premium of $136,172 increased net assets. Decreases in net assets occurred due to amortization of capitalized bond and debt issuance costs of ($179,158) Additionally, net assets decreased due to the disposal of assets and related accumulated depreciation for a net total of ($104,274,301) issued and changes in other long term liabilities is to (decrease) net assets. (8,620,317) The 2011 depreciation expense increases accumulated depreciation. The net effect of the current year's depreciation is to decrease net assets. Various other reclassificationsand eliminationsare necessary to convert from the modified accrual basis of accountin to accrual basis of accounting. These include recognizing deferred revenue of $1,205,653 as revenue, eliminating interfund transactions, recognizing the liabilities associated with maturing longterm debt and interest of $34,741,070. The net effect of these reclassifications and recognitions is to decrease net assets (217,168,395)

Net Assets of Governmental Activities

151,349,497

The notes to the financial statements are an integral part of this statement. 29

BEAUMONT INDEPENDENT SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 Data Control Codes 5700 5800 5900 5020 Revenues Local Sources State Program Revenues Federal Program Revenues Total Revenues Expenditures Instruction Instructional Resources and Media Services Curriculum and Instructional Development Instructional Leadership School Leadership Guidance and Counseling Services Social Work Services Health Services Student (Pupil) Transportation Food Services Cocurricular/Extracurricular Activities General Administration Plant Maintenance and Operations Security and Monitoring Services Data Processing Services Community Services Debt Service Debt Service - Principal on long-term debt Debt Service - Interest on long-term debt Debt S i Bond Issuance C t and Fees Cost d F D bt Service - B d I Capital Outlay Facilities Acquisition and Construction Intergovernmental Shared Service Arrangement/Deaf Program Juvenile Justice Alternative Education Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Sale of Bonds Transfers In Premium or Discount on Bonds Prepaid Interest Other Resources - Insurance Proceeds Transfers Out Other Uses - Payment to Refunded Bond Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balance - September 1 (Beginning) Fund Balance - August 31 (Ending) $ 10 General Fund $ 108,556,583 67,466,886 1,957,917 177,981,386 60 Major Local Capital Projects $ 60 Major Capital Project Bond $ 384,707 384,707

EXHIBIT B-2

Other Funds $ 26,983,749 5,391,015 37,397,809 69,772,573

Total Governmental Funds $ 135,925,040 72,857,901 39,355,726 248,138,666

0011 0012 0013 0021 0023 0031 0032 0033 0034 0035 0036 0041 0051 0052 0053 0061 0071 0072 0073 0081 0093 0095 6030 1100

87,712,955 2,256,020 802,978 2,307,630 10,434,958 4,163,252 603,676 1,839,060 11,413,911 48,904 4,437,573 12,168,271 28,143,308 2,519,579 1,532,877 167,010 569,568 157,274 183,750 171,462,554 6,518,832 17,045 (5,034,067) (5,017,022) 1,501,810 44,257,854 45,759,664 $

7,643,022 7,643,022 (7,643,022) 3,765,675 (80,188) 3,685,487 (3,957,535) 10,296,399 6,338,864 $

1,832,888 152,227,657 154,060,545 (153,675,838) 31,500,000 1,080,000 32,580,000 (121,095,838) 216,754,709 95,658,871 $

25,596,600 543,159 1,409,433 3,337,542 377,845 981,172 312,529 178,428 11,253,889 134,755 41,163 187,470 52,231 72,123 1,366,749 6,730,000 19,636,298 (202,771) (202 771) 72,008,615 (2,236,042) 1,348,580 98,984 1,447,564 (788,478) 4,306,227 3,517,749

113,309,555 2,799,179 2,212,411 5,645,172 10,812,803 5,144,424 916,205 2,017,488 11,413,911 11,302,793 4,572,328 12,209,434 30,163,667 2,571,810 1,605,000 1,533,759 6,730,000 19,636,298 (202,771) (202 771) 160,440,247 157,274 183,750 405,174,736 (157,036,070) 31,500,000 5,114,255 1,080,000 98,984 17,045 (5,114,255) 32,696,029 (124,340,041) 275,615,189 $ 151,275,148

7911 7915 7916 7917 7949 8911 8949 7080 1200 0100 3000

The notes to the financial statements are an integral part of this statement.

30

BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT B-2R RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES TO THE STATEMENT OF ACTIVITIES FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Total Net Change in Fund Balances - Governmental Funds

$ (122,044,870)

The District uses internal service funds to charge the costs of certain activities, such as self insurance and printing, to appropriate functions in other funds. The net income (loss) of internal service funds is reported with governmental activities. The net effect of this consolidation is to decrease net assets.

(934,798)

Current year captial outlays of $160,440,247 net of retirement and long-term debt principal payments of $19,636,298 are expeditures in the fund financial statements, but they should be shown as increases in capital assets and reductions in long-term debt in the government-wide financial statements. The District sold new debt in the amount of $31,500,000. Long term liablities related to vacation and sick leave were adjusted to reflect the net change accured during the year. Amoritization of bond premium of $136,172 increased net assets. Decreases in net assets occurred due to amoritization of capitalized bond and debt issuance costs of ($179,158) Additionally, net assets decreased due to the disposal of assets and related accumulated deprecitation for a net total of ($104,274,301). The net effect of including the 2010 capital outlays and debt principal payments along with new debt issued and changes in other long term liablities is to (decrease) net assets.

87,622,960

Depreciation is not recognized as an expense in governmental funds since it does not require the use of current financial resources. The net effect of the current year's depreciation is to decrease net assets

(8,620,317)

Various other reclassifications and eliminations are necessary to convert from the modified accrual basis of accounting to accrual basis of accounting. These include decreasing current year revenue by ($42,552,207) eliminating interfund transactions, and recognizing the liabilities associated with interest accrued on long-term debt ($780,037). The net effect of these reclassifications and recognitions is to increase net assets

120,261,770

Change in Net Assets of Governmental Activities

76,284,745

The notes to the financial statements are an integral part of this statement. 31

BEAUMONT INDEPENDENT SCHOOL DISTRICT


STATEMENT OF NET ASSETS INTERNAL SERVICE FUNDS AUGUST 31, 2011

EXHIBIT C-1

Data Control Codes Assets Current Assets: Cash and Cash Equivalents Other Assets Total Current Assets

Internal Service Funds

1110 1490

4,009,362 461,701 4,471,063

Total Assets

4,471,063

2110 2150 2171

Liabilities Current Liabilities: Accounts Payable Payroll Liabilities Payable Due to General Fund Total Current Liabilities

3,844,848 5,445 3,850,293

Total Liabilities

3,850,293

Net Assets 3900 Unrestricted Net Assets Total Net Assets $ 620,770 620,770

The notes to the financial statements are an integral part of this statement. 32

BEAUMONT INDEPENDENT SCHOOL DISTRICT


STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS INTERNAL SERVICE FUNDS FOR THE YEAR FISCAL ENDED AUGUST 31, 2011 Internal Service Funds Operating Revenues Local and Intermediate Sources Total Operating Revenues Operating Expenses Insurance Claims and Expenses Total Operating Expenses Operating Income Nonoperating Revenues (Expenses) Interest Earnings Total Nonoperating Revenue (Expense) Transfers Out Change in Net Assets Total Net Assets - September 1 (Beginning) Total Net Assets - August 31 (Ending) $

EXHIBIT C-2

1,300,831 1,300,831

2,243,663 2,243,663 (942,832)

8,034 8,034 (934,798) 1,555,607 620,809

The notes to the financial statements are an integral part of this statement. 33

BEAUMONT INDEPENDENT SCHOOL DISTRICT


STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 Internal Service Funds Cash Flows from Operating Activities: Cash Received from Other Funds Cash Payments For Insurance Claims Cash Payments For Prepaid Insurance Net Cash Provided by (Used for) Operating Activities

EXHIBIT C-3

1,300,831 (2,219,231) (24,433) (942,832)

Cash Flows from Non-Capital Financing Activities: Increase in Short Term Loan Transfer Out Net Cash Provided by (Used for) Non-Capital Financing Activities -

Cash Flows from Investing Activities: Interest and Dividends on Investments Net Increase (Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of the Year: Cash and Cash Equivalents at End of the Year: Reconciliation of Operating Income (Loss) to Net Cash Provided By (Used For) Operating Activities: Operating Income (Loss): Effect of Increases and Decreases in Current Assets and Liabilities: Decrease (increase) in Prepaid Expenses Increase (decrease) in Accounts Payable Net Cash Provided by (Used for) Operating Activities $ (942,832) $ 8,034 (934,798) 5,405,900 4,471,102

(942,832)

The notes to the financial statements are an integral part of this statement. 34

BEAUMONT INDEPENDENT SCHOOL DISTRICT


STATEMENT OF FIDUCIARY NET ASSETS FIDUCIARY FUNDS AUGUST 31, 2011

EXHIBIT D-1

Private Purpose Trust Funds Assets Cash and Cash Equivalents Due From Other Funds Total Assets Liabilities Accounts Payable Due to Student Groups Total Liabilities Net Assets Unrestricted Net Assets Total Liabilities and Net Assets $ $ 46,807 46,807 $

Agency Fund 834,665 10,212 844,877

3,500 3,500

834,665 834,665

43,307 46,807

The notes to the financial statements are an integral part of this statement. 36

BEAUMONT INDEPENDENT SCHOOL DISTRICT


STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS FIDUCIARY FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

EXHIBIT D-2

Private Purpose Trust Funds Additions Local and Intermediate Sources Total Revenues Deductions Other Operating Costs Total Deductions Change in Net Assets Total Net Assets - September 1 (Beginning) Total Net Assets - August 31 (Ending) $

5,570 5,570

6,750 6,750 (1,180) 44,487 43,307

The notes to the financial statements are an integral part of this statement. 37

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Basis of Presentation Beaumont Independent School District (District) is a public educational agency operating under the applicable laws and regulations of the State of Texas. It is governed by a seven-member Board of Trustees that is elected by registered voters of the District. The District prepares its basic financial statements in conformity with Generally Accepted Accounting Principles (GAAP) promulgated by the Governmental Accounting Standards Board (GASB) and other authoritative sources identified in Statement of Auditing Standards No. 69 of the American Institute of Certified Public Accountants. Additionally, the District complies with the requirements of the appropriate version of the Texas Education Agency (TEA) Financial Accountability System Resource Guide (FASRG) and the requirements of contracts and grants of agencies from which it receives funds. A. Reporting Entity The District was formed in April 1913 by a special act of the Texas State Legislature. The District is an independent public educational agency operating under applicable laws and regulations of the State of Texas. The Board of the District is elected by its residents to staggered three-year terms; has the authority to make decisions, appoint administrators and managers; significantly influence operations; and has the primary accountability for fiscal matters. Therefore, the District is not included in any other governmental reporting entity as defined by the GASB Statement No. 14, The Financial Reporting Entity. In accordance with GASB Statement 14, a financial reporting entity consists of the primary government and its component units. Component units are legally separate organizations for which the elected officials of the District are financially accountable, or for which the relationship to the District is such that exclusion would cause the Districts financial statements to be misleading or incomplete. The Districts blended component unit, although a legally separate entity, is in substance part of the Districts operations, and so data from this unit is combined with data of the primary government. The criteria used to determine whether an organization is a component unit of the District includes: financial accountability of the District for the component unit, appointment of a voting majority, ability to impose the Districts will on the component unit, and whether there is a financial benefit or burden to the District. For financial reporting purposes, the Beaumont Independent School District Public Facility Corporation (Public Facility Corporation) is included in the operations and activities of the District because of the fiscal dependency criteria outline in GASB Statement 14. The members of the District Board of Trustees serve as the Board of the component unit. The Public Facility Corporation is a public non-profit corporation, the creation of which was sponsored by the District pursuant to the Public Facility Corporation Act, Article 717s, Vernons Texas Civil Statutes, as amended (the Public Facility Corporation Act). The Public Facility Corporation Act authorizes school districts to create and utilize public facility corporations to issue bonds to provide for the acquisition, construction, furnishing and placing in service of public facilities of its governmental sponsor. It further authorizes the governmental sponsor to incur lease purchase obligations in favor of the corporation to serve as security for the bonds issued by the Public Facility Corporation. The Board of Directors of the Public Facility Corporation issued lease revenue bonds in the principal amount of $13,100,000 in August 2000, pursuant to a resolution. A Master Trust Agreement dated August 1, 2000 between the Public Facility Corporation and the J P Morgan Bank as trustee secures the bonds to finance the construction improvements and purchase of land. The Public Facility Corporation and the District entered into a Lease with an Option to Purchase Relating to the Beaumont Independent School District Public School Facilities Project for construction improvements and purchase of land. Pursuant to the terms of the lease, the District is paying to the Corporation such lease payments at such time and in such amounts as required to pay the principal of, premium , if any, and interest on the lease revenue bonds as they become due. 38

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued


A. Reporting Entity, Continued The Public Facility Corporation is reported as a debt service fund. As such the details are presented in the combining statements as Fund 500. B. Government-wide and Fund Financial Statements The government-wide financial statements (i.e., the Statement of Net Assets and the Statement of Changes in Net Assets) report information on all of the nonfiduciary activities of the primary government. Interfund services provided and used are not eliminated in the process of consolidation. All other inter-fund transactions between governmental funds and internal service funds are eliminated on the government-wide statements. Tax revenues and intergovernmental revenues support the governmental activities. The District has no business-type activities that rely to a significant extent on fees and charges for support. The Statement of Activities demonstrates the degree to which the direct expenses of a given function are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function. Program revenues include charges to customers or applicants who purchase, use or directly benefit from goods, services, or privileges provided by a given function. They also include grants and contributions that are restricted to meeting operational or capital requirements of a particular function. Taxes and other items not properly included among program revenues as reported as general revenues. Separate financial statements are provided for governmental funds, proprietary funds and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds are reported as separate columns in the fund financial statements. C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation The government-wide, proprietary, and fiduciary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues are recognized when susceptible to accrual, i.e., both measurable and available to finance expenditures of the fiscal period. Revenues are considered available when they are collectible within the current period or soon enough thereafter to be pay liabilities of the current period. For this purpose, the government considers revenues available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences, claims and judgments, are recorded only when the payment is due. Revenues from local sources consist primarily of property taxes. Property tax revenues and revenues received from the State of Texas are recognized under the susceptible-to-accrual concept. Miscellaneous revenues are recorded as revenue when received in cash because they are generally not measurable until actually received. Investment earnings are recorded as earned, since they are both measurable and available. Grant funds are considered earned to the extent of the expenditures made under the provisions of the grant. Accordingly, when such funds are received, they are recorded as deferred revenues until the related and authorized expenditures have been made. If balances have not been expended by the end of the project period, grantors sometimes require the District to refund all or part of the unused amount. 39

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued


C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation, Continued The District reports the following major governmental funds: The General Fund is the governments primary operating fund. It accounts for all financial resources of the District, except those required to be accounted for in another fund. Major revenue sources include local property taxes, state funding through the Foundation School Program, earnings from a Foreign Trade Zone agreement and interest earnings. Expenditures include all costs associated with the daily operations of the District except for specific programs funded by the federal or state government, food service, debt service, and capital projects. The Capital Projects Fund is the governments primary fund to account for all construction activities. Major revenues sources for Local Capital Projects Fund are insurance proceeds, and transfers from other governmental funds, the Capital Projects Bonds Fund source of revenue is bond proceeds. Expenditures include all costs associated with major construction and renovation projects. The District reports the following proprietary funds: The Internal Service Fund accounts for the Districts Workers Compensation Funds and Health Insurance Fund. The Workers Compensation Fund is intended to be self-supporting. All funds within the District that expend resources for salaries and wages contribute a percentage of salaries and wages expenditures to the workers compensation program to fund the cost of workers compensation claims, stop-loss insurance, and administrative fees. The Health Insurance fund is maintained to facilitate the operation of the Districts health insurance program. The fund charges all other funds and programs that pay wages to employees eligible for health insurance benefits. Proprietary funds distinguish between operating revenues and expenses and nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with proprietary funds principal ongoing operations. Additionally, the District reports the following fiduciary funds: The Private-purpose Trust Fund is used to account for scholarship funds that are received by the District that are to be awarded to current students for post-secondary education purposes. The Agency Fund account for resources held in custodial capacity by the District and consists of funds that are the property of students or others. Agency funds are unlike all other types of funds, reporting only assets and liabilities. So agency funds cannot be said to have a measurement focus. Agency funds are accounted for on the accrual basis of accounting. D. Assets, Liabilities, and Net Assets or Equity Cash, Cash Equivalents and Investments The Districts cash and cash equivalents are considered to be cash on hand, demand deposits, money market bank sweep accounts, and short-term investments with original maturities of three months or less from the date of acquisition. Investments for the District are reported at fair value. For cash management purposes, the Districts depository agreement with the bank includes arrangements for the Districts bank account balances at the end of the day to be transferred (swept) into a sweep repurchase agreement managed by Bank of America and selected by the District. The cash is transferred back to the District the following day. The District has designated a sweep repurchase agreement, which invests in Government Securities, and these amounts in the sweep account are treated as cash and cash equivalents. 40

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued


D. Assets, Liabilities, and Net Assets or Equity, Continued Cash, Cash Equivalents and Investments, Continued Funds of the District must be deposited and invested under the terms of a depository contract, contents of which are set out in the Depository Contract Law. The depository bank may either place approved pledged securities for safekeeping and trust with the Districts agent bank or file a corporate surety bond in an amount sufficient to protect District funds on a day-to-day basis during the term of the contract. The pledge of approved securities is waived only to the extent of the depository banks dollar amount of FDIC insurance. Receivables and Payables Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either due to/from other funds (i.e., the non-current portion of interfund loans) or advances to/from other funds (i.e., the non-current portion of interfund loans). All other outstanding balances between funds are reported as due to/from other funds. Property taxes are levied by October 1, on the assessed value listed as of the prior January 1, for all real and business personal property located in the District in conformity with Subtitle E, Texas Property Code. Taxes are due upon receipt of the tax bill and are delinquent if not paid before February 1 of the following year following the year in which imposed. On January 31 of each year, a tax lien attaches to property to secure the payment of all taxes, penalties, and interest ultimately imposed. Property appraisal within the District is the responsibility of the Jefferson County Appraisal District (JCAD), an independent governmental unit with a board of directors appointed by the taxing jurisdictions within the county and funded from assessments against those taxing jurisdictions. JCAD is required under the Property Tax Code to assess property at 100% of its appraised value. Real property must be reappraised at least every two years. Under certain circumstances taxpayers and taxing units, including the District, may challenge orders of the JCAD Review Board through various appeals and, if necessary, legal action. Under the Property Tax Code legislation, the District establishes tax rates for property within the District limits. If the new tax rate exceeds the effective tax rate for the previous year by more than eight percent (8%), after certain adjustments, qualified voters of the District may petition for an election to determine whether to limit the tax rate to no more than eight percent (8%) above the effective tax rate. Tax collections are prorated between the General Fund and Debt Service Fund based on the tax rate approved by the Board of the District. For the year ended August 31, 2011, the rates were $1.040 and $.27, respectively, per $100 of assessed value. Delinquent taxes are prorated between maintenance and debt service based on rates adopted for the year of levy. Allowances for uncollectible tax receivables within the General and Debt Service funds are based on historical experience in collecting property taxes. Uncollectible personal property taxes are periodically reviewed and written off, but the District is prohibited from writing off real property taxes without specific statutory authority from the Texas Legislature. The property tax receivable allowance is equal to 44% of outstanding property taxes at August 31, 2011.

Under the consumption method of accounting for inventories, food service supplies and paper supplies are carried in an inventory account on the basis of the last invoice, which approximates the first-in first-out method, and subsequently charged to budgetary expenditures when consumed. 41

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued


D. Assets, Liabilities, and Net Assets or Equity, Continued Inventories and Prepaid Items, Continued Inventories of food commodities are recorded at market values supplied by the Texas Department of Human Services. Although commodities are received at no cost, their fair market value is supplied by the Texas Department of Human Services and recorded as inventory and deferred revenue when received in the governmental funds. When requisitioned, inventory and deferred revenue are relieved, expenditures are charged, and revenue is recognized for an equal amount. Capital Assets Capital assets which include land, buildings, furniture, and equipment, are reported in the applicable governmental activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of $5,000 or more and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. When assets are retired or otherwise disposed of, the related costs or other recorded amounts are removed. Buildings, furniture and equipment and vehicles of the District are depreciated using the straight-line method over the following estimated useful lives:
Assets Buildings Building Improvements Furniture & Equipment Automoblies & Trucks Buses Years 50 - 60 Remaining life of building or 20 years whichever is less 5 - 10 3 - 5 10 - 12

Compensated Absences The District has a vacation pay policy for twelve-month employees whereby eligible employees hired prior to July 1, 2001 shall receive vacation of ten to twenty days dependent upon the number of years of service. Effective July 1, 2001, a person hired by the District, or promoted by the District to a position normally requiring 240 days of service, earns vacation days during the first full year of employment on a pro rata basis depending on the date of hire; thereafter, 12 days of paid vacation are earned between July 1 to June 30 of each school year. All vacation days are forfeited if not taken by December 31 of the calendar year; therefore, the liability for unused vacation days at August 31, 2011 is not material to the financial statements. Upon retirement or death of eligible employees, the District pays, within certain limitations, accrued sick leave in a lump sum to such employee or his/her estate. Beginning June 1, 1994, the reimbursement benefit applies only to leave benefits earned while employed by the District. Employees new to the District in the 1996-97 school year and thereafter shall not be eligible for this benefit.

A fund balance designation of $1,500,000 is accounted for in the General Fund. No other compensated absences are allowed under the Districts personnel policies. 42

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued


D. Assets, Liabilities, and Net Assets or Equity, Continued Compensated Absences, Continued A summary of changes in the accumulated sick leave liability follows:
Sick Leave 8,964,674 (730,514) $ 8,234,160 $

Balance, September 1, 2010 Additions Payments to Eligible Employees Balance, August 31, 2011

Arbitrage Payable The Federal Tax Reform Act of 1986 enacted section 148(f) which requires issuers of tax-exempt debt to make payments to the United States Treasury for investment income received at yields that exceed the issuers tax exempt borrowing rates. The Treasury requires payment for each issue every five years. The estimated liability is updated annually for all tax-exempt issuances or changes in yields until such time payment of the calculated liability is due. The District had no arbitrage liability as of August 31, 2011. Long Term Obligations In the government-wide financial statements and proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities or proprietary fund type Statement of Net Assets. Bond premiums and discounts, as well as issuance costs, are deferred and amortized over the life of the bonds using the straight line method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are reported as deferred charges and amortized over the term of the related debt. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. Fund Equity In the fund financial statements, governmental funds report reservations of fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Designations of fund balance represent tentative management plans that are subject to change. Data Control Codes The data control codes refer to the account code structure prescribed by TEA in the FASRG. The TEA requires school districts to display these codes in the financial statements filed with the Agency in order to ensure accuracy in building a statewide data base for policy development and funding plans. GASB Statement No. 44 The District implemented GASB Statement No. 44, Economic Condition Reporting: The Statistical Section-an amendment of NCGA Statement 1, as of September 1, 2005. This Statement amends the portions of NCGA Statement 1, Governmental Accounting and Financial Reporting Principles, that guide the preparation of the statistical section. 43

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued


The statistical section presents detailed information, typically in ten-year trends, that assists users in utilizing the basic financial statements, notes to the basic financial statements, and required supplementary information to assess the economic condition of a government.

Note 2: DEPOSITS AND INVESTMENTS


Credit Risk In compliance with the Districts investment policy, as of August 31, 2011 all of the Districts investments in the Lonestar and Texpool Investment Pools were rated AAA and AAAm by Standard & Poors and Moodys, respectively. The entitys investments in U.S. Treasuries are backed by the full faith and credit of the U.S. Government. The investments in U.S. Agencies were rated AAA and Aaa by Standard & Poors and Moodys respectively. Custodial Credit Risk: Demand Deposits It is the policy of the District to collateralize deposits at 102% of balances less applicable depository insurance. Additionally, it is policy of the District that depository collateral be of an approved type and be held by an independent third party with whom the District has a current custodial agreement. A clearly marked evidence of ownership (safekeeping receipt) shall be supplied to the District and retained. At August 31, 2011, the carrying amount of the Districts demand deposits and cash on hand was $1,499,751. The $888,310 bank balance was covered by federal deposit insurance through the FDIC. The District was not exposed to custodial credit risk at any point during the fiscal year ended August 31, 2011. All cash balances and investments are held separately in each of its funds. Funds held at the depository bank were properly secured at all times, and the following was disclosed: a. Name of depository bank: Bank of America b. Amount of bond or securities pledged as of the date of the highest combined balance on deposit was $0.00 (Entire bank balance was insured by the FDIC through the Dodd Frank Act. c. Highest cash balance amounted to $10,169,940 and occurred during the month of August 2011.

d. Total amount of Federal Deposit Insurance Corporation (FDIC) coverage at the time of the highest combined balance was $10,169,940. Custodial Credit Risk: Investment Securities Certain types of investments which the District commonly utilize, including investment pools, are not subject to custodial credit risk because they are not evidenced by securities. The District was not exposed to custodial credit risk during the course of the fiscal year. Concentration of Credit Risk It is the policy of the District to reduce risk associated with investments by diversification of the portfolio. The District was not exposed to concentration of credit risk during the course of the fiscal year.

44

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 2: DEPOSITS AND INVESTMENTS, Continued


Credit Risk: Credit Ratings District investments conform to the Districts banking and investment policies and are in accordance with laws and regulations of the State of Texas and TEA. It is the Districts policy to limit its investments to not less than A or its equivalent by a nationally recognized firm. Statutes of the State of Texas and policies mandated by the Districts Board authorize the District to invest in obligations of the U.S. Government or its agencies, repurchase agreements, commercial paper, public funds investment pools, mutual funds and money market accounts. Investments The State Public Funds Investment Act (Government Code Chapter 2256) contains specific provisions in the areas of investment practices, management reports, and establishment of appropriate policies. It requires the District to adopt, implement, and publicize an investment policy. The investment policy must address the following areas: (1) safety of principal and liquidity, (2) portfolio diversification, (3) allowable investments, (4) acceptable risk levels, (5) expected rates of return, (6) maximum allowable stated maturity of portfolio investments, (7) maximum average dollar-weighted maturity allowed based on the stated maturity date for the portfolio, (8) investment staff quality and capabilities, and (9) bid solicitation preferences for certificates of deposit. Statutes authorize the District to invest in (1) obligations of the United States Treasury, certain United States agencies, and obligations of the State of Texas, (2) certificates of deposit, (3) certain municipal securities, (4) money market savings accounts, (5) repurchase agreements, (6) bankers acceptances, (7) mutual funds, (8) investment pools, (9) guaranteed investment contracts, and (10) common trust funds. Management of the District believes it is in compliance with the requirements of the Act and with local policies. The Districts investments in public funds investment pools and money market mutual funds include those with the Lone Star Investment Pool (LSIP) and TexPool. LSIP is a public funds investment pool administered by First Public (formerly known as the Texas Association of School Board Financial Service). LSIP is a public funds investment pool created under the authorization of the Interlocal Cooperation Act of the State of Texas, Article 4413 (32c), Vernons Texas Civil Statutes, as amended. It is designed to provide participating local governments with investment vehicles for (1) local funds that are not required to be spent immediately and are available for investment in securities with maturities and returns generally greater than those for money market instruments and (2) local funds which provide daily liquidity. The objective of the LSIP is to provide participating local governments with the highest possible rate of return for such funds, while maintaining safety of principal.

To achieve its objective, the LSIP invests primarily in obligations issued or secured by the U.S. Government, its agencies and instrumentalities, and in commercial paper. Standish Mellon Asset Management and AMR Investments provide investment advisory services. Each fund within the Pool has received the highest rating that of AAA, from Standard & Poors as required by the Public Funds Investment Act. LSIP operates three distinct funds, of which the District invests in two. The Districts investment in the LSIP Corporate Overnight Fund, Government Overnight Fund and the Corporate Overnight Plus Fund as of August 31, 2011 was $120, $22,820 and $129,933,806 respectively. The fair value of the position in LSIP is the same as the value of LSIP shares. TexPool is a public funds investment pool created by the Texas Treasury Safekeeping Trust Company to provide a safe environment for the placement of local government funds. The State Comptroller of Texas administers TexPool. Lehman Brothers and Federated Investors manage the daily operations of the pool under a contract with the Comptroller. TexPool operated in a manner consistent with the Security and exchange Commissions Rule 2a7 of the Investment Company Act of 1940. 45

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 2: DEPOSITS AND INVESTMENTS, Continued


Investments, Continued TexPool uses amortized cost rather than fair value to report net assets to compute share prices. The fair value of the position in TexPool is the same as the value of TexPool shares. TexPool is rated as AAAm money market fund by Standard & Poors. This rating indicates excellent safety and a superior capacity to maintain principal value and limit exposure to loss. As of August 31, 2011, the Districts investment in TexPool was $11,330,349. The overall objective of the Districts investment policy is to ensure that District financial assets are properly safeguarded, provide sufficient liquidity, and produce a reasonable rate of return while enabling the District to react to changes in economic conditions. The Districts investments have been recorded at fair value based upon quoted market prices as of August 31, 2011, with the difference between the purchase price and market price being recorded as interest income. None of the Districts investments have been reported at amortized cost. A summary of investments at August 31, 2011 is as follows:

Type Investments not subject to categorization TexPool LoneStar Total Investments

Carrying Amount

Fair Value

Maturity

11,330,349 129,956,746 $ 141,287,095

11,330,349 129,956,746 $ 141,287,095

Weighted average <60 days Weighted average <120 days

Interest Rate Risk In compliance with the districts policy, the District concentrates its investment portfolio in short and intermediate term securities to limit market risk caused by changes in interest rates. The District attempts to match its investments with anticipated cash flow requirements.

Note 3: RECEIVABLES
Receivables as of August 31, 2011, for the governments individual major funds and non major, internal service and fiduciary funds in the aggregate, including the applicable allowances for uncollectible accounts, are as follows:

46

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 3: RECEIVABLES, Continued


General Fund Taxes Due from Other Governments Due from Other Funds Other Receivables Gross Receivables Less: Allowance for Uncollectibles (4,022,381) Net Total Receivables $ 27,734,145 $ (183,240) 10,417,522 $ (4,205,621) 38,151,667 $ 8,149,300 1,997,872 6,313,929 15,295,425 31,756,526 $ Other Funds 2,115,595 8,336,040 136,189 12,938 10,600,762 $ Total 10,264,895 10,333,912 6,450,118 15,308,363 42,357,288

Other receivables as listed in the General Funds in the amount of $15,295,425 are explained as follows: $145,544 due to the District from 60 day tax collection payments and $15,129,479 is year end Foundation payments due to the District from the Texas Education Agency for 2010-2011 per capita payment. The remaining 20,402 is for athletic gate receipts and other small miscellaneous items.

Governmental funds report deferred revenue in connection with receivables for revenues that are not considered to be available to liquidate liabilities of the current period. Governmental funds also defer revenue recognition in connection with resources that have been received, but not yet earned.

At the end of the current fiscal year, the various components of deferred revenue and unearned revenue reported in the governmental funds were as follows:

Delinquent Property Taxes Receivable (General Fund) Delinquent Property Taxes Receivable (Debt Service Fund) Total Deferred/Unearned Revenue for Governmental Funds

Unavailable $ 4,126,919 1,972,355 $ 6,099,274

Note 4: CAPITAL ASSETS


Prior to GASB Statement No. 34, the District was not required to calculate depreciation expense for reporting capital assets. In accordance with the implementation of GASB Statement No. 34, capital assets have been adjusted to reflect historical cost for the purpose of calculating depreciation. Capital asset activity for the governmental activities for the year ended August 31, 2011 was as follows:

47

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 4: CAPITAL ASSETS, Continued


Beginning Balance Capital Assets, Not Being Depreciated: Land Construction in Progress Total Capital Assets, Not Being Depreciated: Capital Assets, Being Depreciated: Building & Improvements Furniture & Equipment Total Capital Assets, Being Depreciated: Less Accumulated Depreciation Building & Improvements Furniture & Equipment Total Accumulated Depreciation Total Capital Assets, Being Depreciated, Net Governmental Activities Capital Assets, Net $ 13,196,524 82,596,079 95,792,603 219,554,979 27,715,426 247,270,405 (71,030,800) (10,071,478) (81,102,278) 166,168,127 $ 261,960,730 $ $ Increases 121,165 60,226,128 60,347,293 183,441,325 4,692,039 188,133,364 (6,189,667) (2,430,430) (8,620,097) 179,513,267 239,860,560 $ $ Decreases (82,596,079) (82,596,079) (14,910,782) (1,646,263) (16,557,045) 14,910,782 1,646,263 16,557,045 (82,596,079) $ $ Ending Balance 13,317,689 60,226,128 73,543,817 388,085,522 30,761,202 418,846,724 (62,309,685) (10,855,645) (73,165,330) 345,681,394 419,225,211

At September 1, 2001, the District also implemented a capitalization policy for assets, defined as assets with an initial, individual cost of $5,000 or more and an estimated useful life in excess of two years. The District will continue to maintain a controllable asset inventory for items not capitalized in order to safeguard district assets. Depreciation expense of the governmental activities was charged to functions/programs as follows:
Instruction Instructional Resources & Media Services Current Development and Staff Development Instructional Leadership School Leadership Guidance, Counseling & Evaluation Services Social Work Services Health Services Student (Pupil) Transportation Food Services Cocurricular Activities General Administration Plant Maintenance & Operations Security Data Processing Services Community Services Total Depreciation Expense $ 5,752,199 116,420 5,234 254,401 586,486 321,156 37,807 117,653 265,398 228,215 7,252 197,864 571,613 50,586 71,268 36,764 8,620,317

48

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 5: INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS


Interfund receivables and payables are short-term transactions between funds that are accounted for in the appropriate interfund receivable and payable accounts. Interfund balances at August 31, 2011 consisted of the following individual fund receivables and payables:
Receivable Fund Payable Fund Amount

General Student Activity Debt Service

Special Revenue General Fund General Fund

6,359,474 10,212 136,189

6,505,875

The receivables in the general fund total $6,505,875 and the general fund payables total $10,212 and $136,189 is due from special revenue, student activity, and debt service funds representing amounts due for reimbursement of expenditures paid by the general fund. Interfund transfers are defined as flows of assets without equivalent flows of assets in return and without a requirement for repayment. Interfund transfers during the year ended August 31, 2011, were as follows:
Transfer Out General Fund General Fund General Fund Transfers In Special Revenue Funds Public Facility Corporation Local Capital Projects $ Amount 40,012 1,228,380 4,600,000 5,868,392

The general fund transferred a total of $40,012 to special revenue funds. This transfer was to subsidize the Community Education Program. In addition, the general fund transferred $1,228,380 to the Public Facility Corporation for payment of the lease which subsequently funds the payment of the PFCs lease revenue bonds. The General Fund transferred $4,600,000 to the Local Capital Projects Fund for construction related expenditures.

Note 6: LEASE COMMITTMENTS


Operating Leases
The school district has entered into a number of operating leases for copiers, postage meters, and computers which contain cancellation provisions and are subject to annual appropriations. For the year ending August 31, 2011, rentals approximated $3,740,493 for such leases. These leases primarily support governmental activities. The future minimum lease payments for these leases are as follows:
Year Ending August 31 2012 2013 2014 2015 2016 Total $ Amount 519,085 930,263 930,263 785,643 785,643 3,950,897

49

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 7: LONG-TERM DEBT


The District issues general obligation bonds to provide funds for the acquisition and construction of major capital facilities. General obligation bonds have been issued for only governmental activities. General obligation bonds are direct obligations and pledge the full faith and credit of the District. Current principal and interest requirements are payable solely from future revenues of the debt service fund which consists principally of property taxes collected by the District and interest earnings. Certain outstanding bonds may be redeemed at their par value prior to their normal maturity dates in accordance with the terms of the related bond indentures. The District has never defaulted on any principal or interest payment. General obligation bonds payable at August 31, 2011, are summarized as follows:

Date of Issue 2003 2004 2005 2008 2008 2008 2009 2010 2010 2010 2011

Original Issue 8,660,000 17,810,000 11,900,000 89,800,000 9,815,000 65,000,000 116,570,000 10,085,000 59,490,000 14,450,000 31,500,000

Final Maturity 2015 2017 2017 2038 2014 2038 2038 2019 2038 2026 2038

Annual Installments $75,000 to $1,310,000 $1,600,000 to $2,480,000 $180,000 to $2,285,000 $100,000 to $3,795,000 $1,795,000 to $2,135,000 $3,243,400 to $4,750,875 $5,999,838 to $8,787,988 $405,000 to $1,645,000 $1,710,000 to $4,710,000 $960,000 to $965,000 $500,000 to $2,075,000

% Rate 2.5% - 3.43% 3.0% 3.0%-5.0% 3.0%-5.0% 3.17%-3.50% 4.0%-5.0% 3.0%-5.125% 2.0%-5.0% 4.49%-5.810% 0% 2.00-5.00%

Outstanding Balance 4,600,000 7,105,000 7,545,000 89,450,000 6,140,000 64,800,000 114,950,000 10,085,000 59,490,000 14,450,000 31,500,000 $ 410,115,000

The Public Facility Corporation, a blended component unit, issued lease revenue bonds for the construction
Date of Issue 2000 $ Original Issue 13,100,000 Final Maturity 2015 Annual Installments $580,000 to $1,250,000 Outstanding Balance $ 4,610,000

% Rate 5.05%-9.0%

of Ozen High School. Lease Revenue Bonds outstanding at year end are as follows: Annual debt service requirements to maturity for the Lease Revenue Bonds are as follows:
Year Ending August 31 2012 2013 2014 2015 Total $

Principal 1,060,000 1,120,000 1,215,000 1,215,000 4,610,000 $

Interest 175,440 128,570 52,953 52,952 409,915 $

Total 1,235,440 1,248,570 1,267,953 1,267,952 5,019,915

50

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 7: LONG-TERM DEBT, Continued


Annual debt service requirements to maturity for the bonds are as follows:
Year Ending August 31 2012 2013 2014 2015 2016-2037 2038 Total $ Principal 5,055,000 8,185,000 8,550,000 9,580,000 352,490,000 26,255,000 410,115,000 $ Interest 18,988,991 17,866,175 16,204,739 17,301,723 249,528,644 624,968 320,515,240 $ Total 24,043,991 26,051,175 24,754,739 26,881,723 602,018,644 26,879,968 730,630,240

There are a number of limitations and restrictions contained in the general obligation bond indenture. Management of the District has indicated that the District is in compliance with all significant limitations and restrictions at August 31, 2011. Computation of the Districts legal debt margin may be found in the Statistical Section of this report, page 125. Changes in long-term liabilities Long-term liability activity for the year ended August 31, 2011, was as follows

Beginning Balance Governmental activities: Bonds Payable: General obligations bonds Accumulated accretion On refunding Lease Revenue Bonds Total bonds payable Compensated absences Total $ 384,745,000 1,629,639 (1,099,624) 5,605,000 390,880,015 8,703,504 $ 399,583,519 $

Additions

Retirements/ Payments

Ending Balance

Due Within One Year

31,500,000 31,500,000 31,500,000

6,130,000 1,000,000 7,130,000 730,514 7,860,514

$ 410,115,000 $ 5,055,000 1,629,639 (1,099,624) 4,605,000 1,060,000 415,250,015 6,115,000 7,972,990 $ 423,223,005 1,500,000 $ 7,615,000

All compensated absences liabilities are normally liquidated by the general fund.

Note 8: RETIREMENT BENEFITS


Plan Description The Beaumont Independent School District contributes to the Teacher Retirement System of Texas (TRS), a cost-sharing multiple employer defined benefit pension plan. TRS administers retirement and disability annuities, and death and survivor benefits to employees and beneficiaries of employees of the public school systems of Texas.

51

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 8: RETIREMENT BENEFITS, Continued


TRS operates primarily under the provision of the Texas Constitution, Article XVI, Sec. 67, and Texas Government Code, Title 8, Subtitle C. TRS also administers proportional retirement benefits and service credit transfer under Texas Government Code, Title 8, Chapters 803 and 805, respectively.

TRS issues a publicly available financial report that includes financial statements and required supplementary information for the defined benefit pension plan. That report may be obtained by writing to the TRS Communications Department, 1000 Red River Street, Austin, Texas 78701, by calling the TRS Communications Department at 1-800-223-8778, or by downloading the report from the TRS Internet website, www.trs.state.tx.us, under the TRS Publications heading.

Funding Policy State law provides a state contribution 6.644% for fiscal year, 2011 and 2010,and 6.58% for 2009 and 2008. The member contribution rate is 6.4%. In certain instances the reporting district (I.S.D., college, university, or state agency) is required to make all or a portion of the states contribution. Contribution requirements are not actuarially determined but are legally established each biennium pursuant to the following state funding policy: (1) The state constitution requires the legislature to establish a member contribution rate of not less than 6.0% of the members annual compensation and a state contribution rate of not less than 6.0% and not more than 10.0% of the aggregate annual compensation of all members of the system during that fiscal year.(2) A state statute prohibits benefit improvements or contribution reductions if, as a result of the particular action, the time required to amortize TRSs unfunded actuarial liabilities would be increased to a period that exceeds 31 years, or, if the amortization period already exceeds 31 years, the period would be increased by such action.

Types of Staff Covered All staff members who are employed for one-half or more of the standard work load and who are not exempted from membership under Texas Government Code, Title 8, Subtitle C, Section 822.002 are covered. Service retirement is as follows: Normal Reduced any combination of age plus years of service which equals 80 age 65 with 5 years of service age 55 with at least 5 years of service any age below 55 with 30 years of service

A member is fully vested after 5 years of creditable service and entitled to any benefit for which eligibility requirements have been met. Contributions made by the State on behalf of the District are recorded in the financial statements as both revenues and expenditures. Contributions to TRS made on behalf of the Districts employees for the years ended August 31, 2011, August 31, 2010 and August 31, 2009 were as follows:

52

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 8: RETIREMENT BENEFITS, Continued


2011 District payroll District TRS payroll District Contributions Federal Contributions State contributions State contribution rate Employee contributions Employee contribution rate $ 124,079,614 $ 709,875 $ 669,151 $ 8,243,850 6.644% $ 7,941,095 6.40% 2010 $ 132,849,494 $ 119,157,469 $ 879,094 $ 783,146 $ 7,840,561 6.644% $ 7,626,078 6.40% 2009 $ 125,075,102 $ 118,712,834 $ 911,631 $ 792,970 $ 7,811,304 6.58% $ 7,597,528 6.40%

District Retiree Health Plan


Plan Description The Beaumont Independent School District contributes to the Texas Public School Retired Employees Group Insurance Program (TRS-Care), a cost-sharing multiple employer defined benefit postemployment health care plan administered by the Teacher Retirement System of Texas. TRS-Care Retired Plan provides health care coverage for certain persons (and their dependents) who retired under the Teacher Retirement System of Texas. The statutory authority for the program is Texas Insurance Code, Chapter 1575. Section 1575.052 grants the TRS Board of Trustees the authority to establish and amend basic and optional group insurance coverage for participants. The TRS issues a publicly available financial report that includes financial statements and required supplementary information for TRS-Care. The report may be obtained by writing to the TRS Communications Department, 1000 Red River Street, Austin, Texas 78701, by calling the TRS Communications Department at 1-800-223-8778, or by downloading the report from the TRS Internet Website, www.trs.state.tx.us, under the TRS Publications heading. Funding Policy Contribution requirements are not actuarially determined but are legally established each biennium by the Texas Legislature. Texas Insurance Code, Sections 1575.202, 203, and 204 establish state, active employee, and public school contributions, respectively. The State of Texas and active public school employee contribution rates were 1 percent and 0.65 percent of public school payroll, respectively, with school districts contributing a percentage of payroll set aside at 0.55 percent for fiscal year 2011, 2010, 2009,and 2008, Per Texas Insurance Code, Chapter 1575, the public school contribution may not be less than 0.25 percent or greater that 0.75 percent of the salary of each active employee of the public school. For staff members funded by federal programs, the federal programs are required to contribute 1.0 percents. Contributions made by the State on behalf of the District are recorded in the governmental funds financial statements as both revenue and expenditures. State contributions to TRS made on behalf of the Districts employees as well as the Districts required contributions and federal grant program contributions for the years ended June 30, 2011, 2010, and 2009, are as follows:

Required District contributions Actual District contributions Federal contributions State contributions Employee contributions

2011 675,470 675,470 80,015 1,240,796 798,231

2010 655,367 655,367 118,051 76,261 774,526

2009 652,921 652,921 125,654 72,361 771,633

53

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 8: RETIREMENT BENEFITS, Continued


Medicare Part D The Medicare Prescription Drug, Improvement, and Modernization Act of 2003, effective January 1, 2006, established prescription drug coverage for Medicare beneficiaries known as Medicare Part D. One of the provisions of Medicare Part D allows for the Texas Public School Retired Employee Group Insurance Program (TRS-Care) to received retiree drug subsidy payments from the federal government to offset certain prescription drug expenditures for eligible TRS-Care participants. For the fiscal years ended August 31, 2011, 2010, and 2009, the subsidy payments received by TRS-Care on-behalf of the District were $287,693, $298,274, and $251,593, respectively. The information for the year ended August 31, 2010 is an estimate provided by the Teacher Retirement System. These payments are recorded as equal revenues and expenditures in the governmental funds financial statements of the District.

Note 9: RISK MANAGEMENT


Property, Casualty and Liability Insurance The District is exposed to various risks of loss related to torts, theft of, damage to and destruction of property; errors and omissions; and natural disasters for which the District carries commercial insurance. Settled claims have not exceeded insurance coverage in any of the previous three years. There has not been any significant reduction in insurance coverage from that of the previous year. The District retains the risk of the first $50,000 in property insurance after which insurance is purchased. Workmans Compensation During the year ended August 31, 2011, Beaumont ISD met its statutory unemployment compensation obligations by participating as a self-funded member of the TASB Risk Management Fund (the Fund). The fund was created and is operated under the provisions of the Interlocal Cooperation Act, Chapter 791 of the Texas Government Code and Chapter 504, Texas Labor Code. All members participating in the Fund execute Interlocal Agreements that define the responsibilities of the parties. As a self-funded member of the TASB Risk Management Fund, the District is solely responsible for all claim costs, both reported and unreported. The Fund provides administrative services to the District including claims administration and customer service. The Funds audited financial statements as of August 31, 2011 are available at the TASB offices and have been filed with the Texas Department of Insurance in Austin. The Proprietary funds charge all other funds on the basis of contributions and payroll incurred by each fund in order to provide for claims of District employees. Liabilities of the Proprietary fund are reported when it is probable that a loss has occurred and the amount of the loss can be reasonably estimated. Liabilities include an amount for claims that have been incurred but not reported. Claim liabilities are calculated considering recent claim settlement trends. The Workers Compensation Fund accounts for all transactions related to workers compensation claims and the administration of the program. Risks associated with workers compensation liabilities are retained by the District, after which stop loss insurance is purchased. The District liability is $400,000 per incident. Changes in the Workers Compensation Funds claim liability (including an estimate for claims incurred but not reported) were:

54

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 9: RISK MANAGEMENT

Year Ended August 31, 2011 Liability for claims September 1 $ 3,850,293 Current year claims and changes in estimates 2,219,231 Claim payments (2,219,231) Liability for claims August 31 $ 3,850,293

Year Ended August 31, 2010 $ 3,850,293 2,246,188 (2,246,188) $ 3,850,293

All liabilities have the potential of becoming due within 12 months. Note 10: FUND BALANCE
The District designated a portion of the August 31, 2011 General Fund unreserved fund balance to provide resources for future expenditures.

Sick Pay/Compensated Absences Other Designations Total

$ $

1,500,000 250,000 1,750,000

As of August 31, 2011 the fund balance in the Food and Nutrition Special Revenue Fund of $1,327,642 was reserved for use in future food service operations. The Districts Debt Service Fund equity at August 31, 2011 of $2,186,610, including $3,180 of the Public Facility Corporation, is reserved for retirement of bonded indebtedness. The District has encumbered $3,247,047 in Capital Projects Fund equity and designated $100,965,013 for authorized construction projects in future years.

Note 11: COMMITMENTS AND CONTINGENCIES


The District received significant financial assistance from federal and state governmental agencies in the form of grants. The disbursements of funds received under these programs generally require compliance with terms and conditions specified in the grant agreements and are subject to audit by the grantor agencies and the TEA. Any disallowed claims resulting from such audits could become a liability of the General Fund. However, in the opinion of management, such disallowed claims, if any, will not have a material effect on any of the financial statements of the individual fund types included herein or on the overall financial position of the District at August 31, 2011. In the case of all known contingencies, the District accrues a liability when the loss is probable and the amount is reasonably estimable. These liabilities are not reduced for potential insurance recoveries. Based on currently available information, the District believes that it is remote that future costs related to known contingent liability exposures will exceed current accruals by an amount that would have a material adverse impact on the Districts financial statements. As facts concerning contingencies become known to the District, the District reassesses its position both with respect to accrued liabilities and other potential exposures. Estimated future costs related to legal matters are subject to change as events evolve, and as additional information becomes available during the administrative and litigation process. From time to time the District is a defendant in other legal proceedings relating to its operations as a school district for which, in some instances, no provisions have been made. As of August 31, 2011, $100,965,013 had been committed for the various construction projects throughout the District. 55

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO FINANCIAL STATEMENTS AUGUST 31, 2011

Note 12: SHARED SERVICE ARRANGEMENTS


The District is the fiscal agent for a Shared Service Arrangement (SSA) which provides services to the member districts listed below. All services are provided by the fiscal agent. The member districts provide the funds to the fiscal agents. According to guidance provided in TEAs Resource guide, The District has accounted for the fiscal agents activities for the SSA in a special revenue fund and will be accounted for using Model 2 in the SSA section of the Resource Guide.

Expenditures of the SSA are summarized below:


Local Services for the Deaf $ 157,274 33,660 7,480 3,740 13,090 3,740 9,220 33,400 27,530 48,360 22,665 48,360 13,700 22,440 118,860 63,320 22,440 70,280 3,965 33,400 14,960 $ 771,884

Member Districts: Beaumont ISD Bridge City ISD Buna ISD Colmesneil ISD Deweyville ISD Evadale ISD Hamshire-Fannett Hardin-Jefferson ISD Kountze ISD Little-Cypress Mauriceville CISD Lumberton ISD Nederland ISD Newton ISD Orangefield ISD Port Arthur ISD Port-Neches Groves ISD Silsbee ISD Vidor ISD West Hardin CISD West Orange Cove CISD Woodville ISD Total

56

REQUIRED SUPPLEMENTARY INFORMATION

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL - GENERAL FUND FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

EXHIBIT E-1

Data Control Codes 5700 5800 5900 5020 Revenues Local Sources State Program Revenues Federal Program Revenues Total Revenues Expenditures Current Instruction Instructional Resources & Media Svcs Curriculum and Instructional Development Instructional Leadership School Leadership Guidance and Counseling Services Social Work Services Health Services Student (Pupil) Transportation Food Services Cocurricular/Extracurricular Activities General Administration Plant Maintenance and Operations Security and Monitoring Services Data Processing Services Community Services Debt Service - Principal on long-term debt Debt Service - Interest on long-term debt Debt Service - Bond Issuance Cost and Fees Facilities Acquisition and Construction Shared Service Arrangements/Deaf Program Juvenile Justice Alternative Education Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Sale of Real Property Operating Transfers In Operating Transfers Out Total Other Financing Sources (Uses) Net Changes in Fund Balance Fund Balance - September 1 (Beginning) Fund Balance - August 31 (Ending)

Budgeted Amounts Original $ 98,391,802 62,961,636 950,000 162,303,438 Final $ 108,988,115 67,440,097 950,000 177,378,212 $ Actual 110,771,884 67,466,886 1,957,917 180,196,687

Variance with Final Budget Positive (Negative) $ 1,783,769 26,789 1,007,917 2,818,475

0011 0012 0013 0021 0023 0031 0032 0033 0034 0035 0036 0041 0051 0052 0053 0061 0071 0072 0073 0081 0093 0095 6030 1100 7912 7915 8911 7080 1200 0100 3000

92,560,003 2,355,170 886,312 2,858,940 11,561,161 5,209,208 486,529 2,184,064 6,982,062 39,770 4,151,050 5,986,567 22,950,483 2,149,962 1,540,082 118,769 90,826 183,750 162,294,708 8,730 1,000 1,260,000 (1,269,730) (8,730) 44,257,257 $ 44,257,257

90,170,346 2,359,952 897,855 2,865,934 11,590,541 4,769,555 812,649 2,190,953 11,539,018 49,770 4,474,098 12,261,546 28,419,662 2,683,234 1,556,830 218,030 948,619 157,274 183,750 178,149,616 (771,404) 1,000 1,260,000 (4,649,730) (3,388,730) (4,160,134) 44,257,854 $ 40,097,720 $

87,712,955 2,256,020 802,978 2,307,630 10,434,958 4,163,252 603,676 1,839,060 11,413,911 48,904 4,437,573 12,168,271 28,143,308 2,519,579 1,532,877 167,010 569,568 157,274 183,750 171,462,555 8,734,132 17,045 (5,034,067) (5,017,022) 3,717,110 44,257,854 47,974,964 -$

2,457,391 103,932 94,877 558,304 1,155,583 606,303 208,973 351,893 125,107 866 36,525 93,275 276,354 163,655 23,953 51,020 379,051 6,687,062 (3,868,587) 1,000 1,242,955 384,337 1,628,292 (2,240,295) 2,240,295

59

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES TO REQUIRED SUPPLEMENTARY INFORMATION FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

NOTE 1: Stewardship, Compliance and Accountability


Budgetary Information The Board of Trustees adopts an appropriated budget on a basis consistent with GAAP for the General Fund, Debt Service Fund and Food Service Fund, which is included in Special Revenue Funds. At a minimum, the District is required to present the original and the final amended budgets for revenues and expenditures compared to actual revenues and expenditures for these three funds. The following procedures are followed in establishing the budgetary data reflected in the general purpose financial statements: Prior to August 20 th the district prepares a budget for the next fiscal year beginning September 1. The operating budget includes proposed expenditures and the means of financing them. After one or more budget workshops with the Board, a meeting is called for the purpose of adopting the proposed budget. At least ten (10) days but no more than thirty (30) days public notice for the meeting is required. Prior to August 31st, the Board of Trustees legally adopts the budget for the General Fund, Debt Service Fund and Food Service Fund through passage of a resolution.

After the budget is approved, it can only be amended at the function and fund level by approval of a majority of the Board. Amendments are presented to the Board at its regular meetings for their approval. As required by law, such amendments are made before the fact, are reflected in the official minutes of the Board, and are not made after fiscal year end. Total expenditures may not exceed total appropriations, as amended, by fund at the function level. Because the District has a policy of careful budgetary control, several budgetary amendments were necessary throughout the year. Encumbrance accounting, under which purchase orders, contracts and other commitments are recorded in order to reserve that portion of the applicable appropriation, is used in all governmental funds. Encumbrances outstanding at year-end are commitments that do not constitute expenditures or liabilities, but are reported as reservations of fund balances. Since appropriations lapse at the end of each year, outstanding encumbrances are provided for in the subsequent fiscal years budget. End of year outstanding encumbrances that were provided for in the subsequent years budget are presented as below:

General Fund Capital Improvements Fund Total Outstanding Encumbrances

$ $

493,038 3,247,047 3,740,085

60

Non-Major Governmental Funds


SPECIAL REVENUE FUNDS
The Special Revenue Funds account for all designated purpose monies received in the form of federal, state and local grants. These grants, referred to as projects, are awarded to the Beaumont Independent School District for the purpose of accomplishing specified educational tasks; therefore, revenues and expenditures are recorded by project or similar group of projects related by funding to accomplish the purpose of accounting for each grant. Head Start To account for grant awarded funds to be used by 510 three and four year olds for Comprehensive Child Development Program, providing education, health, nutrition, psychological services and special services to children with disabilities to include social services and parent involvement. Head Start Body Start Play Space To account for grant awarded funds for support the play space enhancements of Southerland Head Start. McKinney-Vento Homeless Grant - To account for the grant awarded funds to be used to offer educational and related services to homeless children and youth to promote the enrollment, attendance, and academic success of homeless children and youth in schools. ESEA Title I Part A Improving Basic Programs To account for grant awarded funds to be used to enable schools to provide opportunities for children served to acquire the knowledge and skills contained in the challenging state content standards and to meet the state performance standards developed for all children. ESEA Title I Part D Prevention & Intervention To account for grant awarded funds to maintain and improve educational achievement for students attending Jefferson County Juvenile Detention. Title II AEFLA Section 225 Corrections & Institutionalized To account for grant awarded funds to be used for undereducated adults in Corrections and Institutions. IDEA Part B Formula To account for grant awarded funds to be used by students with specific learning disabilities who have been evaluated for individual educational plan. IDEA Part B Preschool To account for grant awarded funds to be used by individuals with specific learning disabilities under three years of age who have been evaluated for early intervention services. IDEA Part B Discretionary Deaf To account for grant awarded funds to be used by students with specific learning disabilities who have been evaluated for an individual educational plan. IDEA Part B Discretionary Residential To account for grant awarded funds to be used by students who reside in a private residential placement with specific learning disabilities who have been evaluated for an individual educational plan. IDEA Part B Formula Regional Day School Programs for the Deaf To account for grant awarded funds to be used by students with specific learning disabilities who have been evaluated for an individual educational plan. IDEA Part B Preschool Deaf To account for grant awarded funds to be used by student with specific learning disabilities under three years of ages who have been evaluated for early intervention services. National School Breakfast and Lunch Program To account for grant awarded funds for student breakfast and lunch programs.

SPECIAL REVENUE FUNDS, Continued

Fresh Fruit and Vegetable Program To account for grant awarded funds that can be an important catalyst for change in our efforts to combat childhood obesity by helping children learn more healthful eating habits. The Program has been successful in introducing school children to a variety of produce that they otherwise might not have the opportunity to sample. Career & Technical - Technical Preparation To account for grant awarded funds to use for health science technology training. Career & Technical Education To account for grant awarded funds to be used for career and technology education. IDEA Part C Early Childhood Intervention To account for grant awarded funds to be used by individuals with specific learning disabilities under three years of age who have been evaluated for early intervention services. ESEA Title II Part A Teacher Principal Training Recruitment (TPTR) To account for grant awarded funds for professional development and hiring to campuses (a) with the lowest proportion of highly qualified teachers, (b) with the largest average class size or (c) identified for improvement under Title I, Part A. Title I Part B Capacity Building Sites in Reading To account for grant awarded funds to establish reading programs for students in kindergarten through grade three, to ensure that every student can read at grade level or above not later that the end of grade three. Schools being served are as follows: Amelia, Curtis, Fehl, Field, Guess, Ogden, Regina and Dishman Elementary. Title I Part B Demonstration Sites in Reading To account for grant awarded funds to establish reading programs for students in kindergarten through grade three, to ensure that every student can read at grade level or above not later that the end of grade three. The grant is funded for Price Elementary School. ESEA Title III Part A Language Enhancement To account for grant awarded funds to improving the English proficiency and academic achievement for LEP children. ESEA Title III Part A Immigrant Grant To account for grant awarded funds to improving the English proficiency and academic achievement for immigrant children.
st Texas 21 Century Community Learning Grant To account for grant awarded funds that provide a high-quality extended learning opportunity outside the regular school day to students in need of academic assistance.

ARRA Title XIV State Fiscal Stabilization Funding To account for the grant that was awarded to the state Governors by the U. S. Department of Education based on a commitment to advance essential education reforms to benefit students from early learning through post secondary education. Funding is made available under the American Recovery and Reinvestment Act of 2009. Medicaid Administrative Claim Program To account for federal grant funds used to reimburse eligible administrative expenditures attributed to the implementation of the Medicaid state plan and to improve access to health-related services for students. ARRA Title I Part D Technology To account for grant awarded funds which helps for the implementation and support of a comprehensive system using technology to improve student academic achievement. Funding is made available under the American Recovery and Reinvestment Act of 2009.

SPECIAL REVENUE FUNDS, Continued


Homeless Education Disaster Assistance Program - To account for the grant awarded directly from U. S. Department of Education to support activities that address the educational and related needs of homeless students. FEMA Hurricane Grants- To account for grant awarded from Federal Emergency Management Assistance to cover costs disallowed by insurance. ARRA IDEA Part B Formula To account for grant awarded funds to be used by students with specific learning disabilities who have been evaluated for individual educational plan. Funding is made available under the American Recovery and Reinvestment Act of 2009. ARRA IDEA Part B Preschool To account for grant awarded funds to be used by individuals with specific learning disabilities under three years of age who have been evaluated for early intervention services. Funding is made available under the American Recovery and Reinvestment Act of 2009. ARRA ESEA Title I Part A Improving Basic Programs To account for grant awarded funds with the intention to save jobs, support states and school districts, and advance reforms and improvements for early learning, K-12, and post-secondary education. Funding is made available under the American Recovery and Reinvestment Act of 2009. ARRA ESEA Title I Part D Prevention & Intervention To account for grant awarded funds to maintain and improve educational achievement for students attending Jefferson County Juvenile Detention. Funding is made available under the American Recovery and Reinvestment Act of 2009. ARRA Texas Title I Priority School To account for grant awarded funds for improvement, corrective action, or restructuring of eligible campuses that demonstrate the greatest need for the fund and the strongest commitment to use the funds to provide adequate resources in order to raise substantially the achievement of their students so as to enable the schools to make adequate yearly progress and exit improvement status. Funding is made available under the American Recovery and Reinvestment Act of 2009. ARRA Education Job Fund To account for grant awarded funds to create education jobs for the 2010-2011 school year. Jobs funded under this program include those that provide educational and related services for early childhood, elementary, and secondary education. SLDS Classroom Link to ISDS To account for grant awarded funds from the Statewide Longitudinal Data Systems (SLDS) Grant Program for the district to make data-informed decisions to improve student learning and outcomes; as well as to facilitate research to increase student achievement and close achievement gaps. ARRA COPS Hiring Recovery To account for federal grant awarded funds from US Department of Justice to hire one police officer for three years. Funding is made available under the American Recovery and Reinvestment Act of 2009. WIA Dislocated Workers To account for grant awarded funds to conduct job related instruction classes for registered apprenticeship training programs. Funding is made available under the American Recovery and Reinvestment Act of 2009. Child Care Local Initiative Program To account for grant awarded funds to provide an opportunity for teen parents to develop job skills that will allow them to make a smooth transition from school to the workplace. State Administrative Matching Grant for the Supplemental Nutrition Assistance Program To account for grant awarded funds to conduct job related instruction classes for registered apprenticeship training programs.

SPECIAL REVENUE FUNDS, Continued


Libraries Enhancing Academic Performance (LEAP) To account for grant awarded funds to improve student reading skills and academic achievement by providing students with increased access to up-to-date school library materials. Title II AEFLA Section 231 Federal To account for grant awarded funds to effectively outreach undereducated adults who may be unaware of adult education and literacy services. Adult Education Federal TANF To account for grant awarded funds to ensure student participation and progress in effective and comprehensive adult education and literacy programs. Non-Educational Community Based Support Services To account for grant awarded funds for student services outside the students instructional day. Life Skills for Parent Students To account for grant awarded funds to provide an opportunity for teen parents to develop job skills that will allow them to make a smooth transition from school to the workplace. Investment Capital Fund To account for grant awarded funds to improve student achievement at the campus level through staff development and parent training for campus deregulation and restructuring Student Success Initiative Grant To account for grant awarded program to meet the needs of students experiencing difficulties in their reading development. Algebra Readiness Grant To account for grant awarded funds to implement programs that increase the preparedness of middle school students to meet standards and pass future assessments in Algebra I. Texas High School Initiative Early Warning Data To account for grant awarded funds geared at increasing student performance and staff success with data management. Technology Allotment To account for grant awarded funds to purchase technological software and equipment that contributes to student learning and pay for staff development for teachers involved in the use of these materials. Qualified Consolidated Master Teacher Certification To account for stipends paid to certified master mathematics, science and reading teachers. Prekindergarten Early Start Grant To account for grant awarded funds to prepare students to enter kindergarten on or above grade level, by expanding the states capacity to provide high-quality services to a greater number of eligible preschool students. Texas Fitness Now To account for grant awarded funds to guide middle school students into being physically active for a lifetime. Statewide Tools for Teaching Excellence To account for grant awarded funds geared at increasing student performance and staff success with data management. Read to Succeed To account for grant awarded funds from Texas Department of Transportation to provide educational materials for school libraries. Apprenticeship Training State To account for grant awarded funds to conduct job related instruction classes for registered apprenticeship training programs. High School Allotment To account for grant awarded funds for academically rigorous course work, advanced academic opportunities, college readiness programs which will improve student achievement in secondary schools.

SPECIAL REVENUE FUNDS, Continued


District Award Teacher Excellence (DATE) To account for grant awarded funds used to reward campus personnel who positively impact student academic improvement, growth, and/or achievement Title II AEFLA State To account for grant awarded funds to ensure student participation and progress in effective and comprehensive adult education and literacy programs. Adult Education State TANF To account for grant awarded funds to ensure student participation and progress in effective and comprehensive adult education and literacy programs. Regional Day School for the Deaf State To account for grant awarded funds to be used by students with specific learning disabilities who have been evaluated for an individual educational plan. Regional Day School for the Deaf Local To account for grant awarded funds to be used by students with specific learning disabilities who have been evaluated for an individual educational plan. Natatorium Swim Program To account for local program funds used to run a summer swim program for students. Apprenticeship Training Local To account for local program funds used for additional cost of instructors. After School Programs To account for local program funds to be used to operate an afterschool program. ExxonMobil Green Team To account for local program funds used to employ high school senior students in a summer work program. ExxonMobil Reading Initiative To account for local program funds used for a reading initiative program. Texas School Ready Project To account for local program funds used for the Texas Early Education Model (TEEM) project funded by The University of Texas at Austin. Community Education To account for local program funds which help operate the community education program. Adult Education GED Testing To account for local program funds which operate the GED testing program. Entergy Grants To account for local program funds to be used at Odom Academy. Thomas Center Scoreboard To account for local program funds that fund the advertisement and local booster clubs run the concession. Learn to Read Program To account for local program funds to purchase personalized books for second grade students.

DEBT SERVICE FUNDS

The Debt Service Funds are devoted to the payment of interest and principal on all long-term general obligation debt. A brief description of each fund follows: Debt Service Fund To accumulate resources for the payment of interest and principal on all long-term general obligation debt of the District. Public Facilities Corporation To account for the authorized lease revenue bond principal and interest payments for the Corporation.

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING BALANCE SHEET NON-MAJOR GOVERNMENTAL FUNDS AUGUST 31, 2011 205 205 Head Start Body Start Play Space $ 206 McKinneyVento Homeless Grant $ 12,581 12,581 $ 211 ESEA Title I Part A Improving Basic Prgms 116,036 321,102 437,138

Data Control Codes 1110 1220 1230 1240 1260 1290 1310 1000 Assets Cash and Temporary Investments (market) Property Taxes - Delinquent Allowances for Uncollectible Taxes (credit) Due from State/Federal Agencies Due from Other Funds Sundry Receivables Inventories Total Assets

Head Start $ 702,072 702,072

2110 2150 2160 2170 2180 2300 2000

Liabilities Accounts Payable Payroll Deduction and Withholdings Payable Accrued Wages Payable Interfund Payables Due to State/Federal Agency Deferred Revenues Total Liabilities Fund Balance Nonspendable: Inventory Indebtedness Restricted for: Reserve for Food Service Total Fund Balance Total Liabilities and Fund Balance

9,795 131,707 560,570 702,072

941 11,640 12,581

14,500 422,638 437,138

3410 3420 3450 3000 4000

$ 702,072 $

12,581 $

437,138

68

EXHIBIT F-1 (CONTINUED)

211 ESEA Title I Part D Prevention & Intervention $ -

220 Title II AEFLA Section 225 Corrections & Institutionalized $ 1,959 1,959

224

225

226 IDEA Part B Discretionary Deaf $ 2,522 12,539 15,061 $

226 IDEA Part B Residential Placement $

227 IDEA Part B Formula RDSPD 19,115 19,115

IDEA Part B Formula $ 404,309 157,912 $ 562,221 $

IDEA Part B Preschool 45,858 45,858

1,959 1,959

$ 32,514 149,413 380,294 562,221

4,234 41,624 45,858

15,061 15,061

6,381 12,734 19,115

$ $

1,959

$ 562,221 $

45,858 $

15,061 $

19,115

69

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING BALANCE SHEET NON-MAJOR GOVERNMENTAL FUNDS AUGUST 31, 2011 228 IDEA Part B Preschool Deaf Assets Cash and Temporary Investments (market) Property Taxes - Delinquent Allowances for Uncollectible Taxes (credit) Due from State/Federal Agencies Due from Other Funds Sundry Receivables Inventories Total Assets $ 108 690 798 $ 240 National School Breakfast & Lunch Prgm 1,319,497 381,896 181,769 1,883,162 $ 240 Fresh Fruit & Vegetable Program 243

Data Control Codes 1110 1220 1230 1240 1260 1290 1310 1000

Career & Technical Tech Prep $ -

2110 2150 2160 2170 2180 2300 2000

Liabilities Accounts Payable Payroll Deduction and Withholdings Payable Accrued Wages Payable Interfund Payables Due to State/Federal Agency Deferred Revenues Total Liabilities Fund Balance Nonspendable: Inventory Indebtedness Restricted for: Reserve for Food Service Total Fund Balance Total Liabilities and Fund Balance

798 798

258,150 210,084 87,286 555,520

3410 3420 3450 3000 4000

$ 798 $

181,769 1,145,873 1,327,642 1,883,162 $

70

EXHIBIT F-1 (CONTINUED)

244

253 IDEA Part C Early Childhood Intervention $ $

255 ESEA Title II Part A TPTR 7,248 214,917 222,165

261 Title I Part B Capacity Building Sites in Reading $ 265,842 265,842

261 Title I Part B Demonstration Sites in Reading $ 74,083 74,083

Career & Technical Education $ 30,934 15,044 45,978

263 ESEA Title III Part A Language Enhancement $ 18,743 8,360 27,103 $

263 ESEA Title III Part A Immigrant Grant 13,972 13,972

36,170 9,808 45,978

18,203 203,962 222,165

114,493 151,349 265,842

74,083 74,083

24,035 3,068 27,103

13,972 13,972

$ 45,978 $

222,165 $

265,842 $

74,083 $

27,103 $

13,972

71

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING BALANCE SHEET NON-MAJOR GOVERNMENTAL FUNDS AUGUST 31, 2011 265 Texas 21st Century Community Learning Grant Assets Cash and Temporary Investments (market) Property Taxes - Delinquent Allowances for Uncollectible Taxes (credit) Due from State/Federal Agencies Due from Other Funds Sundry Receivables Inventories Total Assets $ 703,638 703,638 $ 266 ARRA Title XIV State Fiscal Stabilization Funding 751,738 751,738 272 279 ARRA Title I Part D Technology $ 528 528

Data Control Codes 1110 1220 1230 1240 1260 1290 1310 1000

Medicaid Administrative Claim Program $ 3,533 45,039 48,572

2110 2150 2160 2170 2180 2300 2000

Liabilities Accounts Payable Payroll Deduction and Withholdings Payable Accrued Wages Payable Interfund Payables Due to State/Federal Agency Deferred Revenues Total Liabilities Fund Balance Nonspendable: Inventory Indebtedness Restricted for: Reserve for Food Service Total Fund Balance Total Liabilities and Fund Balance

1,938 168,174 533,526 703,638

751,738 751,738

48,572 48,572

386 142 528

3410 3420 3450 3000 4000

$ 703,638 $

751,738 $

48,572 $

528

72

EXHIBIT F-1 (CONTINUED)

280 Homeless Education Disaster Assistant Program $ $

282

283 ARRA IDEA Part B Formula $ 473,063 473,063 $

284 ARRA IDEA Part B Preschool 576 576 $

285 ARRA ESEA Title I Part A Improving Basic

FEMA Hurricane Grants 1,607,195 1,607,195

285 ARRA ESEA Title I Part D Prevention & Intervention $ 278 278

286 ARRA Texas Title I Priority School $ 67,360 67,360

27,420 27,420 $

1,607,195 1,607,195

39,142 433,921 473,063

576 576

897 26,523 27,420

278 278

26,239 23,814 17,307 67,360

$ $

1,607,195 $

473,063 $

576 $

27,420 $

278 $

67,360

73

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING BALANCE SHEET NON-MAJOR GOVERNMENTAL FUNDS AUGUST 31, 2011 287 ARRA Education Job Fund Assets Cash and Temporary Investments (market) Property Taxes - Delinquent Allowances for Uncollectible Taxes (credit) Due from State/Federal Agencies Due from Other Funds Sundry Receivables Inventories Total Assets $ $ 287 SLDS Classroom Link to ISDS 14,411 14,411 $ 287 ARRA COPS Hiring Recovery 8,087 8,087 $ 287

Data Control Codes 1110 1220 1230 1240 1260 1290 1310 1000

WIA Dislocated Workers 21,314 21,314

2110 2150 2160 2170 2180 2300 2000

Liabilities Accounts Payable Payroll Deduction and Withholdings Payable Accrued Wages Payable Interfund Payables Due to State/Federal Agency Deferred Revenues Total Liabilities Fund Balance Nonspendable: Inventory Indebtedness Restricted for: Reserve for Food Service Total Fund Balance Total Liabilities and Fund Balance

14,411 14,411

8,087 8,087

52 21,262 21,314

3410 3420 3450 3000 4000

$ $

14,411 $

8,087 $

21,314

74

EXHIBIT F-1 (CONTINUED)

288 Child Care Local Initiative Program $ 52,503 52,503

289 State Admin. Matching Grant for the Supplemental Nutrition Prgm $ -

289 Libraries Enhancing Academic Performance $ 155,545 257 155,802 $

309 Title II AEFLA Section 231 Federal 108,488 108,488 $

312 Adult Education Federal TANF 23,118 23,118

392 Non-Educational Community Based Support Services $ $

394 Life Skills for Parent Students 23,259 23,259

52,503 52,503

60,353 33,308 62,141 155,802

1,154 24,136 83,198 108,488

23,118 23,118

23,259 23,259

$ 52,503 $

155,802 $

108,488 $

23,118 $

23,259

75

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING BALANCE SHEET NON-MAJOR GOVERNMENTAL FUNDS AUGUST 31, 2011 399 404 Student Success Initiative Grant $ 64,909 64,909 404 409 Texas High School Early Warning Data $ 54,170 54,170

Data Control Codes 1110 1220 1230 1240 1260 1290 1310 1000 Assets Cash and Temporary Investments (market) Property Taxes - Delinquent Allowances for Uncollectible Taxes (credit) Due from State/Federal Agencies Due from Other Funds Sundry Receivables Inventories Total Assets $

Investment Capital Fund 58,266 58,266

Algebra Readiness Grant $ 75,666 75,666

Liabilities 2110 2150 2160 2170 2180 2300 2000 Accounts Payable Payroll Deduction and Withholdings Payable Accrued Wages Payable Interfund Payables Due to State/Federal Agency Deferred Revenues Total Liabilities Fund Balance Nonspendable: Inventory Indebtedness Restricted for: Reserve for Food Service Total Fund Balance Total Liabilities and Fund Balance $ $ 27,868 30,398 58,266 $ 16,912 47,997 64,909 $ 15,579 60,087 75,666 $ 13,064 53 4,202 36,851 54,170

3410 3420 3450 3000 4000

58,266 $

64,909 $

75,666 $

54,170

76

EXHIBIT F-1 (CONTINUED)

411

414 Qualified Consolidated Master Teacher Certification $ -

415 Prekindergarten Early Start Grant $ 250,769 250,769 $

427

427 Statewide Tools for Teaching Excellence $ 80,533 80,533 $

427

427

Technology Allotment $ 16,900 16,900

Texas Fitness Now 36,626 36,626

Read To Succeed -

Apprenticeship Training State $ 33,701 33,701

16,900 16,900

71,200 349 48,148 131,072 -

15,800 20,826 36,626

80,533 80,533

8,981 24,720 33,701

250,769

$ 16,900 $

250,769 $

36,626 $

80,533 $

33,701

77

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING BALANCE SHEET NON-MAJOR GOVERNMENTAL FUNDS AUGUST 31, 2011 428 429 District Awards Teacher Excellence $ 1,261,400 1,261,400 $ 431 432

Data Control Codes 1110 1220 1230 1240 1260 1290 1310 1000 Assets Cash and Temporary Investments (market) Property Taxes - Delinquent Allowances for Uncollectible Taxes (credit) Due from State/Federal Agencies Due from Other Funds Sundry Receivables Inventories Total Assets $

High School Allotment 156,760 156,760

Title II AEFLA State 24,724 24,724

Adult Education State TANF $ 8,480 8,480

2110 2150 2160 2170 2180 2300 2000

Liabilities Accounts Payable Payroll Deduction and Withholdings Payable Accrued Wages Payable Interfund Payables Due to State/Federal Agency Deferred Revenues Total Liabilities Fund Balance Nonspendable: Inventory Indebtedness Restricted for: Reserve for Food Service Total Fund Balance Total Liabilities and Fund Balance

156,760 156,760

1,261,400 1,261,400

89 2,028 22,607 24,724

8,480 8,480

3410 3420 3450 3000 4000

$ 156,760 $

1,261,400 $

24,724 $

8,480

78

EXHIBIT F-1 (CONTINUED)

435 Regional Day School for the Deaf State $ 180,418 180,418 $

446 Regional Day School for the Deaf Local 730,368 730,368

482

483

484

485

487

Apprenticeship Training Local $ $

Natatorium Swim Program 5,023 5,023 $

After School Programs 8,156 8,156 $

ExxonMobil Green Team 12,681 12,681 $

ExxonMobil Reading Initiative 91,446 91,446

11,120 24,678 144,620 180,418

16,891 713,477 730,368

5,023 5,023

8,156 8,156

12,681 12,681

25,112 66,334 91,446

$ 180,418 $

730,368 $

5,023 $

8,156 $

12,681 $

91,446

79

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING BALANCE SHEET NON-MAJOR GOVERNMENTAL FUNDS AUGUST 31, 2011 488 Texas School Ready Project Assets Cash and Temporary Investments (market) Property Taxes - Delinquent Allowances for Uncollectible Taxes (credit) Due from State/Federal Agencies Due from Other Funds Sundry Receivables Inventories Total Assets $ 39,573 39,573 $ 489 490 491

Data Control Codes 1110 1220 1230 1240 1260 1290 1310 1000

Community Education 3,076 3,076

Adult Education GED Testing $ 613 613

Entergy Grants $ 650 $ 650

2110 2150 2160 2170 2180 2300 2000

Liabilities Accounts Payable Payroll Deduction and Withholdings Payable Accrued Wages Payable Interfund Payables Due to State/Federal Agency Deferred Revenues Total Liabilities Fund Balance Nonspendable: Inventory Indebtedness Restricted for: Reserve for Food Service Total Fund Balance Total Liabilities and Fund Balance

39,573 -

3,076 3,076

613 613

650 650

39,573

3410 3420 3450 3000 4000

$ 39,573 $

3,076 $

613

$ 650

80

EXHIBIT F-1

492

494 Total Non-Major Special Revenue Funds 2011 $ 3,227,177 8,328,128 12,938 181,769 11,750,012 $

518

500 Total Non-Major Debt Service Funds 2011 $ 515,982 2,115,595 (183,240) 7,912 136,189 2,592,438 $ Total Non-Major Governmental Funds 2011 3,743,159 2,115,595 (183,240) 8,336,040 136,189 12,938 181,769 14,342,450

Thomas Center Scoreboard $ 133,646 133,646

Learn to Read Program $ 5,000 5,000

Debt Service Fund 512,802 2,115,595 (183,240) 7,912 136,189 -

Public Facilities Corporation $ 3,180 3,180

$ 2,589,258

7,998 125,648 133,646

4,500 500 5,000

836,921 402 1,639,626 6,359,474 380,294 1,205,653 10,422,370

402,648 402,648

402,648 402,648

836,921 402 1,639,626 6,359,474 380,294 1,608,301 10,825,018

$ 133,646 $

5,000 $

181,769 1,145,873 1,327,642 11,750,012

2,186,609 2,186,609 $ 2,589,257 $

3,180 3,180 3,180 $

2,189,789 2,189,789 2,592,437 $

181,769 2,189,789 1,145,873 3,517,431 14,342,449

81

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NON-MAJOR GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 205 205 Head Start Body Start Play Space $ 4,959 4,959 206 McKinneyVento Homeless Grant $ 12,581 12,581 211 ESEA Title I Part A Improving Basic Programs $ 6,439,346 6,439,346

Data Control Codes 5700 5800 5900 5020 Revenues Local Sources State Program Revenues Federal Program Revenues Total Revenues Expenditures Current Instruction Instructional Resources & Media Services Curriculum and Instructional Development Instructional Leadership School Leadership Guidance and Counseling Services Social Work Services Health Services Food Services Cocurricular/Extracurricular Activities General Administration Plant Maintenance and Operations Security and Monitoring Services Data Processing Services Community Services Debt Service - Principal Retirement Debt Service - Interest and Fiscal Charges Debt Service - Bond Issuance Cost and Fees Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers In Prepaid Interest Total Other Financing Sources (Uses) Net Change in Fund Balance Fund Balance - September 1 (Beginning) Fund Balance - August 31 (Ending) $ $

Head Start 3,024,150 3,024,150

0011 0012 0013 0021 0023 0031 0032 0033 0035 0036 0041 0051 0052 0053 0061 0071 0072 0073 6030 1100 7915 7917 7080 1200 0100 3000

2,191,488 31,171 34,249 151,736 233,013 185,330 109,860 2,236 29,167 55,900 3,024,150 $

4,959 4,959 $

12,581 12,581 $

4,393,130 60,028 1,304,317 27,184 171,182 18,000 4,249 1,429 459,827 6,439,346 -

82

EXHIBIT F-2 (CONTINUED)

211 ESEA Title I Part D Prevention & Intervention $ 115,862 115,862

220 Title II AEFLA Section 225 Corrections & Institutionalized $ 15,702 15,702

224

225

226 IDEA Part B Discretionary Deaf $ 60,976 60,976

226 IDEA Part B Discretionary Residential $ 55,151 55,151 $

227 IDEA Part B Formula RDSPD 40,496 40,496

IDEA Part B Formula $ 3,099,554 3,099,554 $

IDEA Part B Preschool 98,678 98,678

115,862 115,862 $ $

15,702 15,702 -

2,973,035 17,365 45,213 6,791 56,563 587 3,099,554 $ $

98,678 98,678 $

60,976 60,976 $

55,151 55,151 $

40,496 40,496 -

83

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NON-MAJOR GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 228 IDEA Part B Preschool Deaf Revenues Local Sources State Program Revenues Federal Program Revenues Total Revenues Expenditures Current Instruction Instructional Resources & Media Services Curriculum and Instructional Development Instructional Leadership School Leadership Guidance and Counseling Services Social Work Services Health Services Food Services Cocurricular/Extracurricular Activities General Administration Plant Maintenance and Operations Security and Monitoring Services Data Processing Services Community Services Debt Service - Principal Retirement Debt Service - Interest and Fiscal Charges Debt Service - Bond Issuance Cost and Fees Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers In Prepaid Interest Total Other Financing Sources (Uses) Net Change in Fund Balance Fund Balance - September 1 (Beginning) Fund Balance - August 31 (Ending) $ $ 3,214 3,214 $ 240 National School Breakfast & Lunch Prgm 2,043,288 66,603 9,208,753 11,318,644 240 Fresh Fruit & Vegetable Program $ 44,585 44,585 $ 243

Data Control Codes 5700 5800 5900 5020

Career & Technical Tech Prep 3,924 3,924

0011 0012 0013 0021 0023 0031 0032 0033 0035 0036 0041 0051 0052 0053 0061 0071 0072 0073 6030 1100 7915 7917 7080 1200 0100 3000

3,214 3,214 $

11,177,611 117,775 11,295,386 23,258 23,258 1,304,384 1,327,642 $

44,585 44,585 $

3,924 3,924 -

84

EXHIBIT F-2 (CONTINUED)

244

253 IDEA Part C Early Childhood Intervention $ 1,362 1,362 $

255 ESEA Title II Part A TPTR 1,461,526 1,461,526

261 Title I Part B Capacity Building Sites in Reading $ 93,680 93,680

261 Title I Part B Demonstration Sites in Reading $ 529,699 529,699

Career & Technical Education $ 322,832 322,832

263 ESEA Title III Part A Language Enhancement $ 154,476 154,476 $

263 ESEA Title III Part A Immigrant Grant 45,576 45,576

285,056 19,355 1,336 17,085 322,832 $ $

1,362 1,362 $

757,780 371,233 214,351 25,655 92,507 1,461,526 $

86,919 6,761 93,680 $

392,398 137,301 529,699 $

64,028 24,540 8,324 57,584 154,476 $

45,576 45,576 -

85

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NON-MAJOR GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 265 Texas 21st Century Community Learning Grant Revenues Local Sources State Program Revenues Federal Program Revenues Total Revenues Expenditures Current Instruction Instructional Resources & Media Services Curriculum and Instructional Development Instructional Leadership School Leadership Guidance and Counseling Services Social Work Services Health Services Food Services Cocurricular/Extracurricular Activities General Administration Plant Maintenance and Operations Security and Monitoring Services Data Processing Services Community Services Debt Service - Principal Retirement Debt Service - Interest and Fiscal Charges Debt Service - Bond Issuance Cost and Fees Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers In Prepaid Interest Total Other Financing Sources (Uses) Net Change in Fund Balance Fund Balance - September 1 (Beginning) Fund Balance - August 31 (Ending) $ $ 1,943,691 1,943,691 266 ARRA Title XIV State Fiscal Stabilization Funding $ 5,089,641 5,089,641 272 279 ARRA Title I Part D Technology $ 26,355 26,355

Data Control Codes 5700 5800 5900 5020

Medicaid Administrative Claim Program $ 41,058 41,058

0011 0012 0013 0021 0023 0031 0032 0033 0035 0036 0041 0051 0052 0053 0061 0071 0072 0073 6030 1100 7915 7917 7080 1200 0100 3000

1,767,294 10,450 141,934 22,726 1,287 1,943,691 $

4,614,161 475,480 5,089,641 $

19,202 21,856 41,058 $

6,776 4,380 15,199 26,355 -

86

EXHIBIT F-2 (CONTINUED)

280 Homeless Education Disaster Assistant Program $ 35,007 35,007 $

282

283 ARRA IDEA Part B Formula $ 2,083,236 2,083,236 $

284 ARRA IDEA Part B Preschool 25,674 25,674

285 ARRA ESEA Title I Part A Improving Basic $ 1,289,652 1,289,652

FEMA Hurricane Grants -

285 ARRA ESEA Title I Part D Prevention & Intervention $ 19,096 19,096

286 ARRA Texas Title I Priority School $ 643,524 643,524

28,378 1,954 2,050 630 1,995 35,007 $ $

1,619,449 42,006 277,206 144,575 2,083,236 $

25,674 25,674 $

1,102,048 58,669 104,003 24,932 1,289,652 $

19,096 19,096 $

396,139 417 46,093 91,990 11,143 66,051 1,136 1,488 29,067 643,524 -

87

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NON-MAJOR GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 287 ARRA Education Job Fund Revenues Local Sources State Program Revenues Federal Program Revenues Total Revenues Expenditures Current Instruction Instructional Resources & Media Services Curriculum and Instructional Development Instructional Leadership School Leadership Guidance and Counseling Services Social Work Services Health Services Food Services Cocurricular/Extracurricular Activities General Administration Plant Maintenance and Operations Security and Monitoring Services Data Processing Services Community Services Debt Service - Principal Retirement Debt Service - Interest and Fiscal Charges Debt Service - Bond Issuance Cost and Fees Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers In Prepaid Interest Total Other Financing Sources (Uses) Net Change in Fund Balance Fund Balance - September 1 (Beginning) Fund Balance - August 31 (Ending) $ $ 287 SLDS Classroom Link to ISDS $ 14,411 14,411 $ 287 ARRA COPS Hiring Recovery 52,231 52,231 $ 287

Data Control Codes 5700 5800 5900 5020

WIA Dislocated Workers 76,229 76,229

0011 0012 0013 0021 0023 0031 0032 0033 0035 0036 0041 0051 0052 0053 0061 0071 0072 0073 6030 1100 7915 7917 7080 1200 0100 3000

14,411 14,411 $

52,231 52,231 $

76,229 76,229 -

88

EXHIBIT F-2 (CONTINUED)

288 Child Care Local Initiative Program $ 81,269 81,269

289 State Admin. Matching Grant for the Supplemental Nutrition Prgm $ 20,000 20,000

289 Libraries Enhancing Academic Performance $ 497,785 497,785 $

309 Title II AEFLA Section 231 Federal 574,677 574,677 $

312 Adult Education Federal TANF 47,191 47,191

392 Non-Educational Community Based Support Services $ 2,243 2,243 $

394 Life Skills for Parent Students 48,938 48,938

3,068 78,201 81,269 $ $

20,000 20,000 $

494,322 3,463 497,785 $

432,043 2,745 121,389 18,500 574,677 $

45,810 1,381 47,191 $

2,243 2,243 $

48,938 48,938 -

89

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NON-MAJOR GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 399 404 Student Success Initiative Grant $ 138,613 138,613 404 409 Texas High School Early Warning Data $ 300,000 300,000

Data Control Codes 5700 5800 5900 5020 Revenues Local Sources State Program Revenues Federal Program Revenues Total Revenues Expenditures Current Instruction Instructional Resources & Media Services Curriculum and Instructional Development Instructional Leadership School Leadership Guidance and Counseling Services Social Work Services Health Services Food Services Cocurricular/Extracurricular Activities General Administration Plant Maintenance and Operations Security and Monitoring Services Data Processing Services Community Services Debt Service - Principal Retirement Debt Service - Interest and Fiscal Charges Debt Service - Bond Issuance Cost and Fees Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers In Prepaid Interest Total Other Financing Sources (Uses) Net Change in Fund Balance Fund Balance - September 1 (Beginning) Fund Balance - August 31 (Ending) $ $

Investment Capital Fund 279,780 279,780

Algebra Readiness Grant $ 283,531 283,531

0011 0012 0013 0021 0023 0031 0032 0033 0035 0036 0041 0051 0052 0053 0061 0071 0072 0073 6030 1100 7915 7917 7080 1200 0100 3000

159,845 109,159 1,640 4,962 540 3,634 279,780 $

138,613 138,613 $

267,749 12,232 3,550 283,531 $

65,268 145,754 32,054 56,924 300,000 -

90

EXHIBIT F-2 (CONTINUED)

411

414 Qualified Consolidated Master Teacher Certification $ 27,705 27,705

415 Prekindergarten Early Start Grant $ 1,041,300 1,041,300 $

427

427 Statewide Tools for Teaching Excellence $ 21,725 21,725 $

427

427

Technology Allotment $ 582,405 582,405

Texas Fitness Now 57,510 57,510

Read To Succeed 90 90

Apprenticeship Training State $ 120,531 120,531

571,045 11,360 582,405 $ $

27,705 27,705 $

363,059 286,227 392,014 1,041,300 $

47,738 8,628 1,144 57,510 $

21,725 21,725 $

90 90 $

120,531 120,531 -

91

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NON-MAJOR GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 428 429 District Awards Teacher Excellence $ 1,366,242 1,366,242 $ 431 432

Data Control Codes 5700 5800 5900 5020 Revenues Local Sources State Program Revenues Federal Program Revenues Total Revenues Expenditures Current Instruction Instructional Resources & Media Services Curriculum and Instructional Development Instructional Leadership School Leadership Guidance and Counseling Services Social Work Services Health Services Food Services Cocurricular/Extracurricular Activities General Administration Plant Maintenance and Operations Security and Monitoring Services Data Processing Services Community Services Debt Service - Principal Retirement Debt Service - Interest and Fiscal Charges Debt Service - Bond Issuance Cost and Fees Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers In Prepaid Interest Total Other Financing Sources (Uses) Net Change in Fund Balance Fund Balance - September 1 (Beginning) Fund Balance - August 31 (Ending) $ $

High School Allotment 159,601 159,601

Title II AEFLA State 204,918 204,918 $

Adult Education State TANF 22,702 22,702

0011 0012 0013 0021 0023 0031 0032 0033 0035 0036 0041 0051 0052 0053 0061 0071 0072 0073 6030 1100 7915 7917 7080 1200 0100 3000

145,715 13,886 159,601 $

1,063,872 12,060 104,179 4,370 73,934 17,320 18,310 30,557 39,040 2,600 1,366,242 $

168,584 931 34,403 1,000 204,918 $

22,702 22,702 -

92

EXHIBIT F-2 (CONTINUED)

435 Regional Day School for the Deaf State $ 666,578 666,578 $

446 Regional Day School for the Deaf Local 501,555 501,555

482

483

484

485

487

Apprenticeship Training Local $ 600 600

Natatorium Swim Program $ 38,763 38,763 $

After School Programs 72,497 72,497 $

ExxonMobil Green Team 39,225 39,225

ExxonMobil Reading Initiative $ 72,498 72,498

432,176 5,099 14,973 133,392 80,098 840 666,578 $ $

501,555 501,555 $

600 600 $

38,763 38,763 $

72,497 72,497 $

7,680 31,545 39,225 $

72,498 72,498 -

93

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NON-MAJOR GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 488 Texas School Ready Project Revenues Local Sources State Program Revenues Federal Program Revenues Total Revenues Expenditures Current Instruction Instructional Resources & Media Services Curriculum and Instructional Development Instructional Leadership School Leadership Guidance and Counseling Services Social Work Services Health Services Food Services Cocurricular/Extracurricular Activities General Administration Plant Maintenance and Operations Security and Monitoring Services Data Processing Services Community Services Debt Service - Principal Retirement Debt Service - Interest and Fiscal Charges Debt Service - Bond Issuance Cost and Fees Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers In Prepaid Interest Total Other Financing Sources (Uses) Net Change in Fund Balance Fund Balance - September 1 (Beginning) Fund Balance - August 31 (Ending) $ $ 148,615 148,615 489 490 491

Data Control Codes 5700 5800 5900 5020

Community Education $ 12,632 12,632

Adult Education GED Testing $ 24,918 24,918

Entergy Grants $ 549 549

0011 0012 0013 0021 0023 0031 0032 0033 0035 0036 0041 0051 0052 0053 0061 0071 0072 0073 6030 1100 7915 7917 7080 1200 0100 3000

148,615 148,615 $

52,644 52,644 (40,012) 40,012 40,012 $

24,918 24,918 $

549 549 -

94

EXHIBIT F-2

492

494 Total Non-Major Special Revenue Funds 2011 $ 2,959,640 5,391,015 37,397,809 45,748,464

518

500 Total Non-Major Debt Service Funds 2011 $ 24,024,109 24,024,109 Total Non-Major Governmental Funds 2011 $ 26,983,749 5,391,015 37,397,809 69,772,573

Thomas Center Scoreboard $ $

Learn To Read Program 4,500 4,500

Debt Service Fund $ 24,024,109 24,024,109

Public Facilities Corporation $ -

79,870 79,870 (79,870) 80,188 80,188 318 $ 318 $

4,500 4,500 $

25,596,600 543,159 1,409,433 3,337,542 377,845 981,172 312,529 178,428 11,253,889 134,755 41,163 187,470 52,231 72,123 1,366,749 45,845,088 (96,624) 120,200 120,200 23,576 1,304,384 1,327,960

5,730,000 19,416,568 (211,421) 24,935,147 (911,039) 98,984 98,984 (812,054) 2,998,663 $ 2,186,609

1,000,000 219,730 8,650 1,228,380 (1,228,380) 1,228,380 1,228,380 3,180 $ 3,180 $

6,730,000 19,636,298 (202,771) 26,163,528 (2,139,419) 1,228,380 98,984 1,327,364 (812,054) 3,001,843 2,189,789 $

25,596,600 543,159 1,409,433 3,337,542 377,845 981,172 312,529 178,428 11,253,889 134,755 41,163 187,470 52,231 72,123 1,366,749 6,730,000 19,636,298 (202,771) 72,008,615 (2,236,043) 1,348,580 98,984 1,447,564 (788,478) 4,306,227 3,517,749

95

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING STATEMENT OF NET ASSETS INTERNAL SERVICE FUNDS AUGUST 31, 2011 771 Health Insurance Fund Assets Current Assets: Cash and Cash Equivalents Other Current Assets Total Assets Liabilities Current Liabilities: Accounts Payable Payroll Liabilities Total Liabilities Net Assets Unrestricted Net Assets 772 Workers Compensation Fund Total Internal Service Funds

EXHIBIT F-3

106,907 106,907

$ 3,902,494 461,701 4,364,195

$ 4,009,401 461,701 4,471,102

$ 106,907 $

3,844,848 5,445 3,850,293 513,902 $

3,844,848 5,445 3,850,293 620,809

96

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS INTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

EXHIBIT F-4

771 Health Insurance Fund Operating Revenues Local and Intermediate Sources Total Operating Revenues Operating Expenses Other Operating Costs Total Operating Expenses Operating Income NonOperating Revenues (Expenses) Earnings from Temporary Deposits & Investments Total Nonoperating Revenues (Expenses) Income Before Transfers Transfers Out Change in Net Assets Total Net Assets - September 1 (Beginning) Total Net Assets - August 31 (Ending) 6,907 100,000 106,907 281 281 6,907 6,626 $ 6,626 6,626 $

772 Workers Compensation Fund Total Internal Service Funds

1,294,205 1,294,205

1,300,831 1,300,831

2,243,663 2,243,663 (949,458)

2,243,663 2,243,663 (942,832)

7,753 7,753 (941,705) (941,705) 1,455,607 513,902

8,034 8,034 (934,798) (934,798) 1,555,607 620,809

97

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

EXHIBIT F-5

771 Health Insurance Fund Cash Flows from Operating Activities Cash Received from User Charges Cash Received from Assessments - Other Funds Cash Payments for Insurance Claims Cash Payments for Other Operating Expenses Net Cash Provided by Other Operating Activities Cash Flows from Non-Capital Financing Activities Increase (decrease) in Short-term Loans Operating Transfer Out Net Cash used for Non-Capital Financing Activities Cash Flows from Investing Activities Interest and Dividends on Investments Net Increase (Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Year Cash and Cash Equivalents at End of Year Reconciliation of Operating Income to Net Cash Provided by Operating Activities Operating Income 6,626 $ 6,626 6,626 $

772 Workers Compensation Fund 1,294,205 (2,219,231) (24,433) (949,458) Total Internal Service Funds $ 1,300,831 (2,219,231) (24,433) (942,832)

281 6,907 100,000 106,907

7,753 (941,705) 5,305,900 4,364,195

8,034 (934,798) 5,405,900 4,471,102

(949,458)

(942,832)

Effect of Increases and Decreases in Current Assets and Liabilities: Decrease (increase) in Prepaid Expenses Increase (decrease) in Accounts Payable Net Cash provided by Operating Activities $ 6,626 $ (949,458) $ (942,832)

98

BEAUMONT INDEPENDENT SCHOOL DISTRICT


STATEMENT OF CHANGES IN ASSETS AND LIABILITIES AGENCY FUND AUGUST 31, 2011

EXHIBIT F-6

Balance September 1, 2010 STUDENT ACTIVITY ACCOUNTS Assets Cash and Temporary Investments Due From Other Funds Total Assets

Increases

Decreases

Balance August 31, 2011

825,638 10,212 835,850

2,360,423 2,360,423

(2,351,397) (10,212) (2,361,609)

$ $

834,665 834,665

Liabilities Due to Student Groups Total Liabilities

835,850 835,850

2,360,423 2,360,423

(2,351,397) (2,351,397)

834,665 834,665

ALL AGENCY FUNDS Assets Cash and Temporary Investments Due From Other Funds Total Assets

825,638 10,212 835,850

2,360,343 2,360,343

(2,361,609) (2,361,609)

3,185,981 (2,351,397) 834,584

Liabilities Due to Student Groups Total Liabilities $

835,850 835,850 $

2,360,343 2,360,343 $

(2,361,609) (2,361,609) $

834,584 834,584

99

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMBINING STATEMENT OF NET ASSETS PRIVATE PURPOSE TRUST FUNDS AUGUST 31, 2011

EXHIBIT F-7

836 Alex Durley Scholarship ASSETS Current Assets Cash and Cash Equivalents Total Assets LIABILITIES Current Liabilities: Accounts Payable Total Liabilities NET ASSETS Unrestricted Net Assets Total Net Assets $ 17,729 $ 17,729 $ 17,729 17,729 $

837 Joe Tonahill Scholarship

838 Mike Taylor Scholarship

839 Charles Weinbaum Scholarship

841 Paul Brown Scholarship

842 Wells, Peyton, Greenberg & Hunt Scholarship Total Private Purpose Trust Funds

20,389 20,389

3,537 3,537

153 153

3,000 3,000

2,000 2,000

46,807 46,807

3,000 3,000

500 500

3,500 3,500

20,389

3,537

153

(0)

1,500

43,307

20,389

3,537

153

(0)

1,500

43,307

100

BEAUMONT INDEPENDENT SCHOOL DISTRICT COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS PRIVATE PURPOSE TRUST FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

EXHIBIT F-8

836

837

838

839

841

842 Wells, Peyton, Greenberg & Hunt Scholarship

Alex Durley Scholarship Additions Local and Intermediate Sources Total Additions Deductions Other Operating Costs Total Deductions Change in Net Assets Net Assets - September 1 (Beginning) Net Assets - August 31 (Ending) $

Joe Tonahill Scholarship

Mike Taylor Scholarship

Charles Weinbaum Scholarship

Paul Brown Scholarship

Total Private Purpose Trust Funds

43 43

50 50

9 9

2 2

3,967 3,967

1,500 1,500

5,570 5,570

43 17,686 17,729 $

50 20,339 20,389 $

9 3,528 3,537 $

750 750 (748) 901 153 $

5,000 5,000 (1,033) 1,033 (0) $

1,000 1,000 500 1,000 1,500 $

6,750 6,750 (1,180) 44,487 43,307

101

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL - NATIONAL SCHOOL BREAKFAST AND LUNCH PROGRAM FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

EXHIBIT F-9

Data Control Codes 5700 5800 5900 5020 Revenues Local Sources State Program Revenues Federal Program Revenues Total Revenues Expenditures Food Services Plant Maintenance and Operations Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Net Changes in Fund Balance Fund Balance - September 1 (Beginning) Fund Balance - August 31 (Ending)

Budgeted Amounts Original $ 4,411,357 69,625 9,181,384 13,662,366 Final $ 4,411,357 69,625 9,181,384 13,662,366 Actual $ 2,043,288 66,603 9,208,753 11,318,644

Variance with Final Budget Positive (Negative) $ (2,368,069) (3,022) 27,369 (2,343,722)

0035 0051 6030 1100 1200 0100 3000

13,536,044 126,322 13,662,366 1,304,384 $ 1,304,384

13,536,044 126,322 13,662,366 1,304,384 $ 1,304,384

11,177,611 117,775 11,295,386 23,258 23,258 1,304,384 $ 1,327,642 $

2,358,433 8,547 2,366,980 23,258 23,258 23,258

102

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL - DEBT SERVICE FUND FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

EXHIBIT F-10

Data Control Codes 5700 5020 0071 0072 0073 6030 1100 Revenues Local Sources Total Revenues Expenditures Debt Service - Principal on long-term debt Debt Service - Interest on long-term debt Debt Service - Bond Issuance Cost and Fees Total Expenditures Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Other Resources Total Other Financing Sources (Uses) Net Changes in Fund Balance Fund Balance - September 1 (Beginning) Fund Balance - August 31 (Ending) $

Budgeted Amounts Original $ 23,877,140 23,877,140 23,388,127 Final $ 23,877,140 23,877,140 23,388,127 $ Actual 24,024,109 24,024,109 5,730,000 19,416,568 (211,421) 24,935,147 (911,038)

Variance with Final Budget Positive (Negative) $ 146,969 146,969 17,658,127 (19,416,568) 211,421 (1,547,020) (1,400,051)

23,388,127 489,013

23,388,127 489,013

7949 7080 1200 0100 3000

489,013 2,998,663 3,487,676 $

489,013 2,998,663 3,487,676 $

98,984 98,984 (812,054) 2,998,663 2,186,609 $

98,984 98,984 (1,301,067) (1,301,067)

103

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHEDULE BY FUNCTION AND ACTIVITY FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

EXHIBIT G-1

Activity High Schools Middle Schools Elementary Schools Other Campuses Administration Stadium Maintenance Complex and Other Sites $

Land 3,186,054 2,067,095 2,348,455 757,211 439,630 4,328,592 190,652

Building & Improvements $ 88,312,507 60,523,315 180,758,856 8,737,891 5,165,356 44,515,104 72,493

Furniture & Equipment $ 2,261,769 1,335,629 4,707,364 15,828,901 3,144,937 1,889,614 1,592,987

Construction In Progress $ 22,134,360 18,723,607 19,117,939 250,223 -

Balance August 31, 2011 $ 115,894,690 82,649,646 206,932,614 25,324,003 9,000,146 50,733,310 1,856,132

Total Capital Assets

$ 13,317,689

$ 388,085,522

$ 30,761,201

$ 60,226,129

492,390,541

104

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHEDULE OF CHANGES BY FUNCTION AND ACTIVITY FOR THE FISCALYEAR ENDED AUGUST 31, 2011 Balance September 1, 2010 $ 3,186,054 84,686,780 2,075,045 2,030,030 91,977,909 1,947,930 56,692,438 1,230,370 1,900,888 61,771,626 2,348,455 65,023,524 2,910,327 40,579,632 110,861,938 755,211 6,159,487 16,006,807 1,322,365 24,243,870 439,630 4,313,943 3,138,711 49,189 7,941,473 4,328,592 2,598,380 852,771 36,713,975 44,493,718 190,652 80,427 1,501,395 1,772,474 $ 343,063,008 $

EXHIBIT G-2

Function and Activity High Schools Land Buildings and Improvements Furniture and Equipment Construction in Progress Total High Schools Middle Schools Land Buildings and Improvements Furniture and Equipment Construction in Progress Total Middle Schools Elementary Schools Land Buildings and Improvements Furniture and Equipment Construction in Progress Total Elementary Schools Other Campuses Land Building and Improvements Furniture and Equipment Construction in Progress Total Other Campuses Administration Land Building and Improvements Furniture and Equipment Construction in Progress Total Administration Stadium Land Building and Improvements Furniture and Equipment Construction in Progress Total Stadium Maintenance Complex and Other Sites Land Building and Improvements Furniture and Equipment Total Maintenance Complex Total Capital Assets

Increases 3,625,727 248,984 20,265,747 24,140,458 119,165 4,179,598 116,243 16,905,989 21,320,995 129,748,521 2,886,185 17,821,428 150,456,134 2,000 3,119,342 100,463 3,221,805 851,413 180,342 250,223 1,281,978 41,916,724 1,036,843 42,953,567 122,979 122,979 $ 243,497,916 $

Decreases (62,260) (161,416) (223,676) (348,721) (10,983) (83,270) (442,974) (14,013,188) (1,089,147) (39,283,123) (54,385,458) (540,938) (278,369) (1,322,365) (2,141,672) (174,116) (49,189) (223,305) (36,713,975) (36,713,975) (7,934) (31,387) (39,321) $ (94,170,381) $ $

Balance August 31, 2011 3,186,054 88,312,507 2,261,769 22,134,360 115,894,690 2,067,095 60,523,315 1,335,629 18,723,607 82,649,646 2,348,455 180,758,856 4,707,364 19,117,939 206,932,614 757,211 8,737,891 15,828,901 25,324,003 439,630 5,165,356 3,144,937 250,223 9,000,146 4,328,592 44,515,104 1,889,614 50,733,310 190,652 72,493 1,592,987 1,856,132 492,390,541

105

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHEDULE BY LOCATION FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 Buildings and Improvements $ 30,674,964 32,929,478 20,324,747 846,709 3,536,609 88,312,507 Furniture and Equipment $ 523,981 642,348 705,451 75,175 314,814 2,261,769 Construction in Progess $ 11,162,710 10,971,650 22,134,360

EXHIBIT G-3

Location High Schools Central Ozen West Brook Alternative Learning Career Ctr Total High Schools Middle Schools Austin Smith King South Park Marshall Odom Vincent Total Middle Schools Elementary Schools Amelia Bingman Blanchette Caldwood Curtis Dunbar Fehl Field Fletcher French Guess Lucas Martin Ogden Price Regina Southerland Homer Drive Pietzsch-MacArthur Dishman Bingman/Blanchette Lucas/Martin Field/French Dunbar/Ogden Fehl/Price Bingman Pre K Lucas Pre K Total Elementary Schools

Land $ 1,119,297 1,460,718 579,690 13,350 12,999 3,186,054

Balance August 31, 2011 $ 32,318,242 46,195,254 32,581,538 935,234 3,864,422 115,894,690

410,097 260,831 487,935 476,518 60,751 64,073 306,890 2,067,095

11,215,278 8,722,871 13,835,727 1,073,969 9,482,658 7,167,659 9,025,153 60,523,315

167,687 231,277 155,855 200,697 95,685 358,473 125,955 1,335,629

14,429,225 3,359,597 934,785 18,723,607

26,222,287 9,214,979 14,479,517 5,110,781 9,639,094 8,524,990 9,457,998 82,649,646

241,218 295,116 94,876 37,278 14,895 319,952 48,152 64,318 456,184 14,616 23,067 35,663 135,507 143,392 78,485 248,335 9,263 38,365 49,773 2,348,455

18,260,040 541,669 1,511,479 113,000 1,521,993 10,456,839 5,988,024 1,375,316 2,862,668 18,568,890 978,498 7,262,309 13,947,237 10,750,360 14,193,366 18,541,878 17,032,229 18,453,243 16,697,887 1,175 1,700,756 180,758,856

419,146 55,020 6,730 106,429 209,416 148,886 134,337 549,865 328,682 133,666 217,310 111,009 407,661 449,459 406,459 472,475 550,814 4,707,364

11,250,643 5,502,171 1,894 23,631 2,337,425 2,175 19,117,939

18,920,404 295,116 94,876 11,884,610 7,035,275 319,952 161,152 1,694,634 11,122,439 14,616 6,159,977 1,545,316 135,507 143,392 2,941,153 19,367,090 1,316,443 7,395,975 14,202,912 10,934,773 14,601,027 18,991,337 17,438,688 18,925,718 17,248,701 2,338,600 1,702,931 206,932,614 (CONTINUED)

106

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHEDULE BY LOCATION FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 Buildings and Improvements Furniture and Equipment Construction in Progess

EXHIBIT G-3 (CONTINUED)

Location Other Campuses Oaks Brown Ctr Planetarium Annex/Title Program Police Department Outdoor Education Ctr Adult Education Ctr Our Mother of Mercy Cradles N Cribs Grounds & Operations Warehouse Transportation Transportation Annex Tyrrell Park Ag Farm Apprentice Program Total Other Campuses Administration Harrison Annex Total Administration Stadium Babe Zaharias West Brook South Park Athletic Complex Total Stadium Maintenance Complex and Other Sites Maintenance Live Oak Total Maintenance Complex

Land

Balance August 31, 2011

150,064 7,300 6,559 445,105 60,831 13,500 73,852 757,211

1,342,349 642,528 338,404 70,311 116,179 328,509 13,988 42,007 326,074 87,172 567,867 3,352,208 1,510,295 8,737,891

144,916 127,912 575,308 9,000 9,110 33,313 14,766,565 42,170 75,315 45,292 15,828,901

1,487,265 770,440 338,404 645,619 275,243 335,809 13,988 42,007 341,743 120,485 15,779,537 3,455,209 13,500 1,659,462 45,292 25,324,003

96,591 343,039 439,630

4,588,889 576,467 5,165,356

3,046,371 98,566 3,144,937

250,223 250,223

7,731,851 1,268,295 9,000,146

637,108 3,691,484 4,328,592

2,073,858 146,052 378,470 41,916,724 44,515,104

30,132 1,859,482 1,889,614

2,741,098 146,052 378,470 47,467,690 50,733,310

189,252 1,400 190,652

32,824 39,669 72,493

1,592,987 1,592,987

1,815,063 41,069 1,856,132

Total Capital Assets

$ 13,317,689

$ 388,085,522

$ 30,761,201

$ 60,226,129

492,390,541

107

STATISTICAL SECTION

STATISITCAL SECTION
Contents Financial Trends These schedules contain trend information to help the reader understand how the Districts financial performance and well-being have changed over time. Page 111

Revenue Capacity These schedules contain information to help the reader assess the Districts most significant local revenue source, the property tax.

118

Debt Capacity These schedules presents information to help the reader assess the affordability of the Districts current levels of outstanding debt and the Districts ability to issue additional debt in the future.

122

Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within the Districts financial activities take place.

126

Operating Information These schedules contain service and infrastructure data to help the reader understand how the information in the Districts financial report relates to the services the district provides and the activities it performs.

127

109

BEAUMONT INDEPENDENT SCHOOL DISTRICT


GOVERNMENTAL ACTIVITIES NET ASSETS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 Last Ten Fiscal Years Accrual Basis of Accounting

Table 1

2002 Governmental Activities: Invested in Capital Assets, Net of Related Debt Assigned Unassigned Total Governmental Activities Net Assets

2003

2004

2005

2006

2007

2008

2009

2010

2011

$ 72,385,686 3,724,318 18,718,470

$ 69,107,537 699,733 29,565,445

74,644,255 1,800,916 25,799,842

68,033,072 3,506,599 38,329,765

73,351,368 19,248,834 45,631,852

93,795,169 12,823,033 39,201,038

90,548,198 13,408,664 42,698,101

49,318,250 57,241,190 33,417,591

34,181,927 76,964,232 28,457,592

110,034,988 75,362,365 28,282,832

$ 94,828,474

$ 99,372,715

$ 102,245,013

$ 109,869,436

$ 138,232,054

$ 145,819,240

$ 146,654,963

$ 139,977,031

$ 139,603,751

213,680,185

Source: District records

111

BEAUMONT INDEPENDENT SCHOOL DISTRICT


CHANGES IN NET ASSETS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 Last Ten Fiscal Years Accrual Basis of Accounting
Expenses Governmental Activities: Instruction Instructional Resources & Media Services Curriculum/Instructional Development Instructional Leadership School Leadership Guidance and Counseling Services Social Work Services Health Services Student (Pupil) Transportation Food Services Cocurricular/Extracurricular Activities General Administration Plant Maintenance and Operations Security and Monitoring Services Data Processing Services Community Services Debt Service - Principal on Long Term Debt Debt Service - Interest on Long Term Debt Facilities Acquistion and Construction Shared Service Arrangements/Deaf Program Juvenile Justice Alternative Education Total Primary Government Expenses Program Revenues Governmental Activities: Charge for Services Food Service Cocurricular/Extracurricular Activities Operating Grants and Contributions Total Primary Government Program Revenues 2002 87,014,915 2,005,157 1,583,698 3,488,072 8,503,679 4,247,029 734,698 1,660,989 4,835,947 9,139,221 3,169,239 4,321,858 15,473,887 661,277 1,082,141 909,230 3,585,277 89,470 168,000 152,673,784 2003 86,655,498 1,908,547 1,488,407 3,619,597 8,489,520 4,132,555 642,714 1,654,509 4,902,479 8,866,256 2,890,131 4,421,110 15,513,220 658,050 964,855 1,092,696 3,193,188 50,305 79,781 169,475 151,392,893 2004 87,197,531 1,923,421 1,760,598 3,673,182 8,551,433 4,173,304 665,766 1,681,833 5,195,890 9,390,651 3,100,520 4,387,277 16,725,792 872,250 1,062,722 1,231,297 2,760,660 48,637 66,150 180,802 154,649,716 2005 94,222,095 2,018,056 2,094,889 3,961,434 8,677,465 4,021,938 757,951 1,681,737 5,740,116 9,584,703 3,288,016 4,964,051 18,201,566 858,181 982,919 1,217,787 2,522,017 81,965 64,925 183,750 165,125,561

677,395 2,809,436 327,442 28,241,869 32,056,142

596,495 2,681,026 296,723 32,020,843 35,595,087

841,534 2,670,197 307,752 30,657,357 34,476,840

627,889 2,391,184 396,043 41,362,726 44,777,842

Net (Expense) Revenue Total Primary Government Net Expense (120,617,642) General Revenues and Other Changes in Net Assets Governmental Activities: Taxes Property Taxes, Levied for General Purposes 90,948,872 Property Taxes, Levied for Debt Service 4,656,053 Grants and Contributions not Restricted 22,431,885 Investment Earnings 929,844 Miscellaneous Local and Intermediate 3,157,116 Transfers in (Out) Total Primary Government 122,123,770 Extraordinary/Special Items: Arbitrage Rebate Tornado Damage Total Extraordinary/Special Items Change in Net Assets Total Primary Government $ 1,506,128

(115,797,806)

(120,172,876)

(120,347,719)

89,875,257 4,626,714 21,915,188 536,600 2,660,266 119,614,025 728,022 728,022 $ 4,544,241 $

93,107,048 5,466,813 24,454,582 538,650 4,949,934 128,517,027 (558,984) (558,984) 7,785,167 $

98,582,406 4,706,192 19,232,365 1,465,636 2,609,863 1,375,680 127,972,142 7,624,423

Source: District records

112

Table 2

2006 99,969,897 1,943,954 1,941,536 4,184,249 8,866,919 4,294,372 752,504 1,700,798 6,123,182 9,735,469 3,595,946 5,116,589 30,567,767 842,714 1,154,888 1,388,959 2,079,165 55,923 60,025 157,500 184,532,356

2007 $ 102,101,509 2,010,398 1,549,275 4,225,454 8,941,721 4,398,695 712,069 1,851,722 6,833,720 9,592,718 4,060,489 5,652,254 25,126,672 1,429,383 1,331,766 1,206,622 2,056,679 116,190 1,556,795 62,475 157,500 184,974,106

2008 $ 104,716,029 2,063,757 1,270,571 4,539,014 9,933,140 4,384,381 692,000 1,871,990 7,899,569 10,276,767 3,768,755 5,479,772 24,916,353 1,739,002 1,255,150 1,150,074 1,645,808 66,692 2,799,052 47,162 183,750 190,698,788

2009 $ 102,660,468 2,152,432 1,220,354 4,367,504 9,432,091 4,953,384 748,251 1,851,847 7,496,742 10,101,937 3,993,416 5,717,417 33,819,061 1,973,097 1,150,850 1,249,504 11,229,764 1,355,501 60,451,964 43,488 183,750 266,152,822

2010 $ 111,752,028 2,138,246 1,908,921 5,120,505 10,198,627 4,552,286 773,993 1,919,799 9,488,566 10,759,322 4,289,662 6,683,933 26,659,314 2,321,161 1,313,045 1,502,498 16,193,121 459,134 106,307,087 127,031 183,750 324,652,029

2011 $ 112,860,852 2,798,831 2,212,411 5,635,824 10,784,759 5,135,076 916,205 2,008,140 11,301,735 11,302,793 4,488,196 12,200,086 170,790,004 2,553,114 1,595,652 1,524,411 6,730,000 405,557 157,274 183,750 365,584,670

820,349 2,247,982 237,114 63,027,893 66,333,338

1,629,610 2,380,886 359,366 44,344,745 48,714,607

1,230,012 2,275,735 269,436 40,454,169 44,229,352

8,631,379 1,916,639 26,705 63,306,488 73,881,211

3,497,931 2,135,377 330,983 54,479,701 60,443,992

10,406,308 2,371,058 395,176 52,003,974 65,176,516

(118,199,018)

(136,259,499)

(146,469,436)

(192,271,611)

(264,208,037)

(300,408,154)

102,831,369 5,284,420 22,502,642 2,680,222 12,599,983 145,898,636 $ 27,699,618 $

99,145,147 4,169,321 31,143,008 4,662,542 4,726,667 143,846,685 7,587,186 $

85,044,151 5,474,407 50,939,061 4,134,907 1,712,634 147,305,160 835,724 $

85,792,449 2,839,727 59,308,435 2,362,623 35,290,444 185,593,678 (6,677,933) $

90,837,563 19,400,000 46,537,431 903,170 102,991,403 260,669,567 (3,538,470) $

91,237,253 23,847,140 40,579,973 463,188 218,357,034 374,484,588 74,076,434

113

BEAUMONT INDEPENDENT SCHOOL DISTRICT


FUND BALANCES OF GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 Last Ten Fiscal Years Modified Accrual Basis of Accounting

Table 3

2002 General Fund Assigned Unassigned Total General Fund $ 2,573,722 16,165,516 $

2003 740,172 19,311,317 $

2004 1,195,583 22,276,892 $

2005 3,271,637 23,180,077

2006 $ 10,605,990 23,984,940 $ 34,590,930 $

2007 3,963,254 31,143,099 $

2008 2,473,256 33,457,330 $

2009 3,038,973 34,267,077 37,306,050 $

2010 2,591,711 41,666,143 44,257,854 $

2011 3,444,425 42,315,239 45,759,664

$ 18,739,238

$ 20,051,489

$ 23,472,475

$ 26,451,714

$ 35,106,353

$ 35,930,586

All Other Governmental Funds Assigned $ Unassigned, reported in: Capital Projects Funds Total All Other Governmental Funds

3,934,071 347,506

3,708,026 286,650

3,740,139 291,664

3,253,306 1,996,257

3,939,961 16,624,847

8,288,736 10,187,780

3,685,315 76,719,772

3,000,360 236,305,740

140,340,791 91,016,543

6,764,479 98,742,688

4,281,577

3,994,676

4,031,803

5,249,563

$ 20,564,808

$ 18,476,516

$ 80,405,087

239,306,100

231,357,334

105,507,167

Source: District records Increase in Fund Balances are explained in Management Discussion and Analysis section of this CAFR.

115

BEAUMONT INDEPENDENT SCHOOL DISTRICT


CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 Last Ten Fiscal Years Modified Accrual Basis of Accounting
2003 2004 $ 107,525,652 32,060,783 22,567,261 162,153,696 $ 2005 112,982,898 28,902,726 28,870,075 170,755,699 $ 2006 121,661,153 28,885,403 53,845,231 204,391,787

Revenues: Local Sources State Program Revenues Federal Program Revenues Total Revenues Expenditures:
Governmental Activities: Instruction Instructional Resources & Media Services Curriculum/Instructional Development Instructional Leadership School Leadership Guidance and Counseling Services Social Work Services Health Services Student (Pupil) Transportation Food Services Cocurricular/Extracurricular Activities General Administration Plant Maintenance and Operations Security and Monitoring Services Data Processing Services Community Services Debt Service - Principal on Long Term Debt Debt Service - Interest on Long Term Debt Debt Service - Bond Issuance Cost and Fees Facilities Acquisition and Construction Shared Service Arrangements/Deaf Program Juvenile Justice Alternative Education Total Expenditures

101,691,751 31,786,672 22,000,911 155,479,334

85,043,104 1,905,966 1,533,017 3,516,287 8,292,064 3,989,709 594,911 1,622,211 5,780,683 8,920,375 2,905,111 4,378,403 15,485,967 658,050 928,951 1,059,871 4,079,419 3,147,969 184,293 1,323,962 79,781 169,474 155,599,578 (120,244) 9,381,436 8,880 247,062 2,515,118 17,717 (2,515,118) (9,237,523) 417,572 728,022 728,022 1,025,350

85,898,510 1,923,689 1,751,294 3,669,252 8,403,807 4,210,718 657,711 1,639,856 6,143,671 10,009,783 3,119,702 4,592,139 16,854,071 879,026 1,213,490 1,239,545 4,280,611 2,720,643 59,028 3,008,880 66,150 180,802 162,522,378 (368,682) 18,292,808 3,722 4,145,000 4,416,909 503,368 (4,416,909) (18,559,119) 4,385,779 (558,984) (558,984) 3,458,113

91,143,470 1,988,114 2,094,889 3,839,973 8,321,592 3,790,886 704,828 1,640,213 7,272,574 9,829,897 3,338,978 4,870,248 18,292,811 858,182 1,059,575 1,192,402 4,032,287 2,393,353 52,564 969,161 64,925 183,750 167,934,672 2,821,027 292 4,324,620 (2,948,940) 1,375,972 4,196,999

99,615,665 1,961,810 1,932,461 4,063,700 8,699,821 4,223,284 733,704 1,738,450 7,231,376 9,743,770 3,657,317 5,060,586 30,826,043 842,715 2,067,951 1,395,485 4,405,000 1,909,724 191,811 3,504,081 60,025 157,500 194,022,279 10,369,508 12,287,011 1,557 27,780,038 133,343 10,000,000 (25,519,957) (12,260,039) 12,421,953 22,791,461

Excess (Deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Proceeds from Issuance of Refunding of Bonds Sale of Real and Personal Property Proceeds from Capital Lease Maintenance Tax Notes Transfer In Premium or Discount on Bonds Prepaid Interest Other Resources - Insurance Proceeds
Transfer Out Other Uses - Payment to Refunded Bond Escrow Agent

Total Other Financing Sources (Uses): Extraordinary or Special Item: Extraordinary Item - Tornado Damage Special Item - Arbitrage Rebate Total Extraordinary or Special Item
Net Change in Fund Balances $

Debt Service as a percentage of Noncapital Expenditures


Source: District records

4.76%

4.34%

3.86%

3.35%

116

Table 4

2007 $ 120,397,458 40,022,210 31,654,288 192,073,956 $

2008 102,584,935 59,229,413 28,990,724 190,805,072 $

2009 131,562,230 78,413,469 32,619,729 242,595,428 $

2010 139,954,107 56,740,924 42,707,216 239,402,247 $

2011 138,220,211 72,857,901 39,355,726 250,433,837

100,959,842 1,961,835 1,561,813 4,117,857 8,719,054 4,271,000 705,841 1,804,471 11,754,137 9,834,173 4,072,233 5,608,167 25,161,101 1,836,686 1,669,481 1,196,955 4,200,000 2,300,556 71,763 4,844,418 62,475 157,500 196,871,358 (4,797,402) 23,655 5,878,373 (2,677,493) 3,224,535 (1,572,867)

103,570,318 2,069,415 1,267,870 4,536,112 9,841,177 4,310,730 678,529 1,858,160 8,909,762 10,164,614 3,861,842 5,503,631 25,413,699 1,733,706 1,256,741 1,134,461 4,925,000 1,518,582 190,197 28,650,606 47,163 183,750 221,626,065 (30,820,993) 99,815,000 135 4,910,333 146,955 (11,298,160) 93,574,263 62,753,270

104,159,992 2,246,564 1,218,960 4,340,032 9,662,006 4,993,197 742,114 1,897,663 8,278,859 10,112,954 4,117,713 5,755,568 34,862,605 2,217,773 1,170,953 1,243,152 5,160,000 10,707,011 1,526,741

51,992,165
43,488 183,750 266,633,260 (24,037,832) 187,654,970 16,372,983 1,108,499 321,856 1,496,888 (22,323,802) 184,631,394 160,593,562

114,790,134 2,237,619 1,908,141 5,106,885 10,602,634 4,588,532 769,764 1,984,384 10,276,106 10,684,426 4,426,434 6,903,204 27,512,059 2,422,906 1,447,502 1,482,233 4,769,250 16,193,121 459,134 101,147,640 127,031 183,750 330,022,889 (90,620,642) 83,845,205 2,702,894 425,000 737,522 (1,552,153) 86,158,468 (4,462,174)

113,309,555 2,799,179 2,212,411 5,645,172 10,812,803 5,144,424 916,205 2,017,488 11,413,911 11,302,793 4,572,328 12,209,434 30,163,667 2,571,810 1,605,000 1,533,759 6,730,000 19,636,298 (202,771) 160,440,247 157,274 183,750 405,174,736 (154,740,899) 31,500,000 7,248,392 1,080,000 98,984 17,045 (7,248,392) 32,696,029 $ (122,044,870)

3.34%

2.99%

6.52%

6.49%

6.46%

117

BEAUMONT INDEPENDENT SCHOOL DISTRICT


ASSESSED VALUE - REAL AND PERSONAL PROPERTY Last Ten Fiscal Years (Unaudited) Real Property
Total Real Property (1) 4,983,180,768 4,948,741,856 5,206,177,326 5,500,842,279 5,886,459,325 6,192,677,445 6,817,949,908 7,392,719,218 7,193,086,035 7,232,705,795 Total Taxable Assessed Value 6,399,544,998 6,323,075,256 6,540,851,376 6,915,425,299 7,373,249,875 7,827,233,335 8,505,765,159 9,344,043,352 9,084,845,215 9,273,770,355 Total Direct Tax Rate (2) 1.54 1.54 1.54 1.54 1.54 1.36 1.095 1.1925 1.2625 1.325 Estimated Actual Value 6,892,711,955 6,823,272,956 7,065,379,796 7,471,580,381 7,919,990,403 8,563,675,095 9,350,957,803 10,248,703,265 9,850,122,135 10,027,417,355

TABLE 5

Fiscal Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Residential Property (1) 1,805,747,182 1,886,438,013 2,105,738,000 2,293,801,989 2,471,289,342 2,376,148,579 2,855,319,199 3,257,315,288 3,446,157,720 3,432,863,326

Commercial Property (1) 3,117,532,826 3,035,300,003 3,078,164,946 3,162,549,620 3,387,587,773 3,782,424,926 3,926,030,879 4,104,416,680 3,382,526,915 3,537,149,899

Mineral Rights (1) 59,900,760 27,003,840 22,274,380 44,490,670 27,582,210 34,103,940 36,599,830 30,987,250 364,401,400 262,692,570

Personal Property (1) 1,416,364,230 1,374,333,400 1,334,674,050 1,414,583,020 1,496,790,550 1,634,555,890 1,687,815,251 1,951,324,134 1,891,759,180 2,041,064,560

Assessed Value to Total Estimated Actual Value 92.8% 92.7% 92.6% 92.6% 93.1% 91.4% 91.0% 91.2% 92.2% 92.5%

Sources: (1) Jefferson County Appraisal District (2) District records

118

BEAUMONT INDEPENDENT SCHOOL DISTRICT


PROPERTY TAX RATES (Per $100 Valuation) DIRECT AND OVERLAPPING GOVERNMENTS Last Ten Fiscal Years (Unaudited) Tax Rates Per $100 of Assessed Valuation August 31, Beaumont Ind School District City of Beaumont Bevil Oaks MUD Jefferson County Jefferson Co Drainage Dist No. 6 Jefferson Co Drainage Dist No. 7 Jefferson Co Drainage Dist No.10 Northwest Forest MUD Port of Beaumont Port of Port Arthur City of Port Arthur 2002 1.54 0.670 0.00 0.365 0.200039 0.188100 0.313211 0.759377 0.090300 0.131277 0.775 2003 1.54 0.670 0.00 0.365 0.200039 0.188100 0.370988 0.759377 0.090300 0.130870 0.775 2004 1.54 0.670 0.00 0.365 0.200039 0.188100 0.370990 0.767898 0.085750 0.130870 0.775 2005 1.54 0.659 0.00 0.400 0.200039 0.160000 0.335167 0.3767 0.079121 0.12815 0.775 2006 1.54 0.659 0.00 0.400 0.200039 0.160000 0.335167 0.3767 0.079121 0.12815 0.775 2007 1.3629 0.659 0.00 0.390 0.195587 0.000 0.294193 0.00 0.074437 0.12815 0.076 2008 1.095 0.659 0.00 0.390 0.195587 0.139650 0.244705 0.377599 0.068757 0.12815 0.760 2009 1.1925 0.640 0.00 0.365 0.195587 0.138977 0.280000 0.00 0.074675 0.12815 0.792 2010 1.31 0.640 0.00 0.365 0.205587 0.138977 0.313015 0.00 0.074025 0.12815 0.792

TABLE 6

2011 1.325 0.640 0.00 0.365 0.205587 0.138977 0.296573 0.44187 0.071292 0.12815 0.792

District Direct Rates Componets Maintenance & Operations Interest & Sinking Total District Direct Rate

1.465 0.075 1.54

1.465 0.075 1.54

1.455 0.085 1.54

1.47 0.07 1.54

1.475 0.065 1.54

1.3079 0.055 1.3629

1.040 0.055 1.095

1.0400 0.1525 1.1925

1.04 0.27 1.31

1.040 0.285 1.325

Source: Entities noted above and District records

119

BEAUMONT INDEPENDENT SCHOOL DISTRICT


PRINCIPAL PROPERTY TAXPAYERS January 1, 2011 (1) (Unaudited) 2011 2010 Taxable Assessed Value (1) 1,525,313,710 239,487,630 197,954,090 154,329,730 97,785,860 97,267,910 83,315,330 81,346,230 80,237,640 70,730,560 62,089,420 45,414,990 40,693,870 39,629,450 38,882,140 35,832,370 35,135,740 33,465,260 32,490,760 31,491,150 $ 3,022,893,840 Percentage of Total Taxable Assessed Value (2) 15.211% 2.388% 1.974% 1.539% 0.975% 0.970% 0.831% 0.811% 0.800% 0.705% 0.619% 0.453% 0.406% 0.395% 0.388% 0.357% 0.350% 0.334% 0.324% 0.314% 2001 Taxable Assessed Value (1) 1,465,509,450 274,656,680 141,182,620 111,641,370 80,911,060 139,803,210 79,196,000 91,284,560 80,896,570 74,847,130 $ 2,539,928,650 2002

TABLE 7

Name ExxonMobil Refining & Supply Co. Goodyear Tire & Rubber Co. Entergy Texas Inc. Cimarex Energy Co Martin Marine Inc BASF Corporation Arkema inc Oiltanking Beaumont Partnership Golden Triange Storage Centana Energy Marketing Co. Amoco Pipe Line Company Phelan A M & Harry Phelan Lucite International Enterprise Texas Pipeline Parkdale Mall Associates E.I. DuPont De Nemours Co. American Valve & Hydrant Mfg XL Systems - Grant Prideco Wal-Mart Stores Southwestern Bell Telephone Beaumont Methanol Corp. INEOS American Petrofina Mkt

Type of Property Chemical Properties Chemical Properties Electric Utility Oil & Gas Produciton Oil & Gas Investments Chemical Properties Chemical Properties Tank Storage Provider Storage Facilities Chemical Properties Pipe Line Contractor Real Estate Chemical Properties Pipe Line Contractor Shopping Center Chemical Properties Hydrant Manufactor Retail Store Telephone Utility Chemical Properties Chemical Properties Chemical Properties

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Rank 1 2 3

Percentage of Total Taxable Assessed Value (3) 23.640% 4.431% 2.277% 1.801% 1.305% 2.255% 1.278% 1.473% 1.305% 1.207% 40.972%

9 6 8 10

30.146%

Source: Jefferson County Appraisal District (1) Assessed (taxable) value equals appraised value after exemptions. (2) Total 2011 taxable assessed value equals $10,027,417,355 (3) Total 2002 taxable assessed value equals $6,199,153,266

120

BEAUMONT INDEPENDENT SCHOOL DISTRICT


PROPERTY TAX LEVIES AND COLLECTIONS Last Ten Fiscal Years (Unaudited)

TABLE 8

August 31, 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Total Tax Levy 96,700,477 95,469,199 97,962,621 103,557,849 110,809,149 104,723,765 90,597,583 107,821,001 109,390,724 114,577,187

Collected Within Fiscal Year of Levy Percentage Amount of Levy 94,456,191 93,276,201 96,039,031 101,346,431 108,659,700 101,900,788 88,691,939 105,068,181 106,552,769 114,183,537 97.68% 97.70% 98.04% 97.86% 98.06% 97.30% 97.90% 97.45% 97.41% 99.66%

Collections in Subsequent Years 1,278,906 1,389,835 1,614,636 1,323,856 1,262,799 1,097,312 926,506 1,379,625 1,406,262 -

Total Collections to Date Percentage Amount of Levy 95,735,097 94,666,036 97,653,667 102,670,287 109,922,499 102,998,100 89,618,445 106,447,806 107,959,031 114,183,537 99.00% 99.16% 99.68% 99.14% 99.20% 98.35% 98.92% 98.73% 98.69% 99.66%

Source: Jefferson County Tax Office and District records.

121

BEAUMONT INDEPENDENT SCHOOL DISTRICT


RATIOS OF OUTSTANDING DEBT BY TYPE Last Ten Fiscal Years (Unaudited)

TABLE 9

August 31, 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

General Obligation Debt 50,560,000 48,400,000 46,085,000 43,605,000 40,775,000 39,290,000 125,640,000 305,630,000 384,745,000 410,115,000

Contractual Obligations 2,315,000 1,185,000 -

Maintenance Tax Notes 4,145,000 3,395,000 2,580,000 1,745,000 885,000 -

Lease Revenue Bonds 11,910,000 11,265,000 10,585,000 9,865,000 9,105,000 8,300,000 7,450,000 7,412,362 5,610,000 4,610,000

Total 64,785,000 60,850,000 60,815,000 56,865,000 52,460,000 49,335,000 133,975,000 313,042,362 390,355,000 414,725,000

Ratio of Total Debt to Assessed Value (1) 1.01% 0.96% 0.93% 0.82% 0.71% 0.63% 1.58% 3.35% 4.30% 0.04472021

Total Debt Per Capita (2) 569 535 534 509 460 433 1,184 2,820 3,428 3,642

Total Debt Per Personal Income (2) 2,054 1,878 1,887 1,759 1,441 1,302 3,407 7,617 9,250 NA

Total Debt Per ADA (2) 3,350 3,176 3,163 3,035 2,892 2,758 7,624 17,225 21,090 22,103

Source: Jefferson County Appraisal District and District records (1) See Table 5 for assessed value data. (2) See Table 13 for population, personal income and student enrollment data.

122

BEAUMONT INDEPENDENT SCHOOL DISTRICT


RATIOS OF NET GENERAL OBLIGATION BONDED DEBT OUTSTANDING Last Ten Fiscal Years (Unaudited)
Less Reserve for Retirement of Funded Debt Ratio of Net Bonded to Assessed Value 0.79% 0.77% 0.70% 0.63% 0.59% 0.49% 1.48% 3.27% 4.24% 4.42% Net Bonded Debt Per Capita (2) 444 425 405 391 358 336 1,110 2,753 3,466 3,602

TABLE 10

August 31, 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Assessed Value 6,399,544,998 6,323,075,256 6,540,851,376 6,915,425,299 6,915,425,299 7,827,233,335 8,505,765,159 9,344,043,352 9,084,845,215 9,273,770,355

Gross Bonded Debt (1) 50,560,000 48,400,000 46,085,000 43,605,000 40,775,000 38,290,000 125,640,000 305,630,000 384,745,000 410,115,000

Net Bonded Debt 50,560,000 48,400,000 46,085,000 43,605,000 40,775,000 38,290,000 125,640,000 305,630,000 384,745,000 410,115,000

Net Bonded Debt Per ADA (2) 2,615 2,526 2,397 2,327 2,248 2,076 7,150 16,817 21,170 21,858

Source: District Financial Statements. (1) Gross Bonded Debt includes all long-term general obligation debt. (2) See Table 13 for population and student enrollment data.

123

BEAUMONT INDEPENDENT SCHOOL DISTRICT


COMPUTATION OF DIRECT AND OVERLAPPING DEBT GENERAL OBLIGATION BONDS End of Fiscal Year (Unaudited)

TABLE 11

Net Debt Amount


Overlapping

As of

Percent Overlapping (4)

Amount Overlapping

Beaumont, City of Jefferson County Jefferson County Water District No. 10 Port of Beaumont Port of Port Arthur Port Arthur, City of Total Overlapping Debt
Direct

$ 298,957,239 60,770,000 5,855,000 13,630,000 36,985,000 74,140,000

7/31/2011 8/31/2011 6/30/2011 8/31/2011 8/31/2011 9/30/2011

100.00% 50.35% 14.91% 94.12% 1.00% 1.00%

$ 298,957,239 30,597,695 872,981 12,828,556 369,850 741,400 344,367,721

Beaumont ISD (1) Net Outstanding Debt Total Direct and Overlapping Debt

414,725,000

8/31/2011

100.00%

$ 410,115,000 $ 754,482,721 8.14% $ $ 6,626 81,444.60

Ratio of Total Direct and Overlapping Debt to 2011 Assessed Valuation (2) Total Direct and Overlapping Debt per capita (3) 2011 Assessed Valuation per Capita (3)

Source: Entities noted above (1) District financial records. (2) The assessed valuation as of 08-31-11 is $9,273,770,355 (3) The estimated population as of 08-31-11 is 113,866 (4) The percentage of overlapping debt is estimated using taxable assessed property values. Percentages were estimated by determining the portion of the overlapping taxing authority's taxable assessed value that is within the District's boundaries and dividing it by the overlapping taxing authority's total taxable assessed value.

124

BEAUMONT INDEPENDENT SCHOOL DISTRICT


LEGAL DEBT MARGIN INFORMATION FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 Last Ten Fiscal Years (In Thousands of Dollars)

Table 12

2002 Maximum Debt Limit Total Net Debt Applicable to Limit Legal Debt Margin $ 627,925 51,388 $ 576,537 $ $

2003 619,915 49,041 570,874 $ $

2004 650,226 45,572 604,654 $ $

2005 674,847 55,594 619,253 $ $

2006 687,755 50,570 637,185 $ $

2007 736,183 46,540 689,643 $ $

2008 685,365 165,211 520,154 $ $

2009 623,864 310,540 313,324 $ $

2010 511,984 387,860 124,124 $ $

2011 512,652 414,725 97,927

(a) The assessed value represents the certified value from The Jefferson County Appraisal District which The Board of Trustees uses to establish its property tax rate. (b)The statutes of the State of Texas prescribe a legal debt limit of 10% of the assessed valuation.

Computation of Legal Debt Margin Assessed Value (a) Debt Limit (10% of assessed value) (b) Maximum Legal debt Amount of debt Applicable to Debt Limit: Total Bonded Debt Less: Reserve for Retirement of Bonded Debt Total Amount of Debt Applicable to Debt Limit 414,725 0 414,725 $ 9,273,770 10% 927,377

Legal Debt Margin Ratio of Total Amount of Debt Applicable to Debt Limit to Maximum Legal Debt

512,652.00

44.72%

125

BEAUMONT INDEPENDENT SCHOOL DISTRICT


DEMOGRAPHIC AND ECONOMIC STATISTICS Last Ten Fiscal Years (Unaudited) Assessed Value of Residential Units (2) 1,805,747,182 1,886,438,013 2,105,738,000 2,293,801,989 2,471,289,342 1,718,414,760 2,855,319,199 3,257,315,288 3,446,157,720 3,432,863,326 Average Assessed Value of Units 46,263 48,175 53,729 58,277 65,906 43,559 72,299 82,177 87,128 87,040 Personal Income Amounts expressed in tens of thousands 359,007 368,910 366,861 361,000 415,074 431,832 444,912 456,210 480,515 NA

TABLE 13

August 31, 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

(1) Population 113,826 113,826 113,826 111,661 114,000 114,000 113,152 111,000 113,866 113,866

Residential Units (2) 39,032 39,158 39,192 39,360 37,497 39,450 39,493 39,638 39,553 39,440

(3) Student Enrollment 20,935 20,795 20,760 20,449 19,570 19,517 19,170 19,124 19,443 19,718

(3) ADA 19,336 19,160 19,228 18,736 18,138 18,448 17,573 18,174 18,509 18,763

Per Capita Personal Income (4) 31,540 32,410 32,230 32,330 36,410 37,880 39,320 41,100 42,200 NA

Unemployment Rate (4) 6.1% 6.6% 5.7% 5.1% 5.1% 5.3% 6.7% 8.0% 8.3% 8.5%

Sources: (1) Texas.com - website beaumont.texas.com/demographics (2) Jefferson County Appraisal District (3) District records (4) US Department of Labor - Bureau of Labor Statistics website - www.bls.gov

126

BEAUMONT INDEPENDENT SCHOOL DISTRICT


TOTAL ENROLLMENT AND AVERAGE DAILY ATTENDANCE LAST TEN YEARS (UNAUDITED) 21,000

TABLE 14

20,000

Number of Students

19,000

18,000

Student Enollment ADA

17,000

16,000

15,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Fiscal Year

127

BEAUMONT INDEPENDENT SCHOOL DISTRICT


PRINCIPAL EMPLOYERS CURRENT YEAR AND TEN YEARS AGO (Unaudited) 2011 Percentage Number of of Total Employees Employment (2) 3,419 2,823 1,880 1,783 1,343 1,203 1,193 752 468 450 6.5% 5.4% 3.6% 3.4% 2.6% 2.3% 2.3% 1.4% 0.9% 0.9% 2002 Number of Employees (3) 2,812 1000-1500 1000-1500 1000-1500 1000-1500 1000-1500 -

TABLE 15

Principal Employer (1) Conn's Appliances Inc. Beaumont ISD Memorial Hermann Baptist Hospital Christus St Elizabeth Hospital City of Beaumont Lamar University County of Jefferson CB&I Matrix Enginerring ENGlobal Corporation Wal-Mart

Description of Business Retail Store Education Healthcare Healthcare Government Education Government Energy Engineers Energy Engineers Retail Store

Percentage of Total Employment (3) N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Sources: (1) Beaumont, Texas - (City of Beaumont CAFR2010 records)from Wikipedia website - http://en.wikipedia.org/wiki/Beaumont_Texas (2) U S Censue Bureau - Jefferson County, Texas hot report Percentage of total employment as follows: Estimate of Labor Force 57,700 Beaumont Unemployment Rate 9.5% Estimated Unemployment population 5,482 Estimated Employed population 52,219 (3) Employers are listed using a range of employee numbers, not exact figures. Therefore, percentage is not available for 2002.

128

BEAUMONT INDEPENDENT SCHOOL DISTRICT


FULL TIME EQUIVALENT EMPLOYEES BY POSITION FOR THE FISCAL YEAR ENDED AUGUST 31, 2011 Last Ten Fiscal Years

Table 16

2002 Administrator: superintendent and Assistant Supt Executive directors and chief business officer Coordinators and supervisors Special Education Diagnosticians, Psychologist Principals and assistant principals Directors, assistants Counselors, attendance officers, social workers Librarians and paralibrarians School Nurses and aides Classroom teachers Classroom aides, special education , ESL, PE School secretaries, attendance clerk, registrars Administration: supervisors, secretaries, annex, clerks Police Chief, officers and staff Maintenance staff Custodial staff Food service staff Transportation staff 5 2 35 16 72 17 51 46 33 1,403 273 116 88 87 199 220 149

2003 5 2 38 16 71 18 50 46 33 1,409 301 116 69 82 198 189 134

2004 3 2 38 13 70 19 49 44 33 1,419 283 119 88 85 201 194 147

2005 4 2 43 16 71 16 47 45 32 1,441 268 164 86 87 197 191 138

2006 4 2 43 18 71 18 50 46 33 1,444 264 161 89 87 199 184 146

2007 4 3 44 18 65 25 54 45 31 1,481 309 115 73 19 92 187 179 145

2008 4 3 47 18 65 25 54 45 33 1,439 325 125 91 19 92 187 179 145

2009 4 3 36 18 72 25 54 45 33 1,413 317 112 95 23 95 185 177 155

2010 4 3 36 18 72 25 54 45 33 1,443 317 112 95 23 95 175 170 150

2011 4 3 36 18 72 22 54 45 33 1,433 313 112 90 23 90 170 160 145

Totals

2,812

2,777

2,807

2,848

2,859

2,889

2,896

2,862

2,870

2,823

Source: District records

129

BEAUMONT INDEPENDENT SCHOOL DISTRICT


OPERATING STATISTICS Last Ten Fiscal Years (Unaudited) Average Daily Attendance 19,336 19,160 19,228 18,736 18,138 18,448 17,573 18,174 18,509 18,763 Governmental Operating Expenditures (1) 144,356,618 146,863,935 152,453,216 160,487,307 184,011,663 185,454,622 186,341,680 197,247,343 207,453,744 218,570,962 Cost Per Student 7,466 7,665 7,929 8,566 10,145 10,053 10,604 10,853 11,208 11,649 Government Wide Expenses (2) 152,673,784 151,392,893 154,649,716 165,125,561 184,532,356 184,513,569 190,698,788 266,152,822 324,652,029 365,584,670 Cost Per Student 7,896 7,902 8,043 8,813 10,174 10,002 10,852 14,645 17,540 19,484 Number of Teaching Staff 1,403 1,409 1,419 1,441 1,444 1,481 1,439 1,413 1,443 1,433 Student to Teacher Ratio 13.78 13.60 13.55 13.00 12.56 12.46 12.21 12.86 12.83 13.09

TABLE 17

August 31, 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Percentage Change N/A 2.7% 3.4% 8.0% 28.0% 17.4% 23.8% 26.7% 30.9% 14.8%

Percentage Change N/A 0.1% 1.8% 9.6% 26.5% 13.5% 23.1% 66.2% 99.0% 91.5%

Percentage of Students in Free/Reduced Lunch Program 69.3% 71.3% 68.6% 58.8% 72.8% 71.6% 76.8% 76.3% 77.4% 77.2%

Source:

District records

(1) Governmental operating expenditures are total expenditures less debt service and capital outlay from Table 4. (2) Government wide expenses are total governmental activities from Table 2.

130

BEAUMONT INDEPENDENT SCHOOL DISTRICT


TEACHER SALARY DATA Last Ten Fiscal Years (Unaudited)

TABLE 18

August 31, 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Minimum Salary (1) 33,250 33,250 34,000 34,500 36,000 38,000 38,900 40,100 42,000 42,000

Maximum Salary (1) 51,130 51,130 52,792 53,848 55,348 57,847 59,347 55,332 58,132 58,132

District Average Salary (2) 38,647 37,996 39,878 39,164 40,579 46,438 47,235 46,278 47,118 48,192

Region Average Salary (2) 37,463 38,411 38,253 38,381 39,120 42,531 43,149 46,213 44,521 45,363

State Average Salary (2) 40,800 40,800 40,800 40,800 41,770 44,270 46,178 47,158 48,263 48,639

Source: (1) District records - Teacher Salary Schedule (2) Texas Education Agency - Finance - Standard Reports

131

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHOOL BUILDING INFORMATION Last Ten Fiscal Years (Unaudited) 2002 HIGH SCHOOLS Central (1929) Square Footage 278,728 Capacity 2,200 Enrollment (1) 1,596 Percent of enrollment to capacity 73% Ozen (1951) Square Footage 334,151 Capacity 1,800 Enrollment 1,629 Percent of enrollment to capacity 91% West Brook (1964) Square Footage 309,964 Capacity 2,400 Enrollment (1) 2,294 Percent of enrollment to capacity 96% Pathways Alternative (1926) Square Footage 23,340 Capacity 250 Enrollment (1) 124 Percent of enrollment to capacity 50% Brown Alternative (1952) Square Footage 42,594 Capacity 300 Enrollment 180 Percent of enrollment to capacity 60% Taylor Career Center (1986) Square Footage 85,936 Capacity 450 Enrollment Percent of enrollment to capacity -

TABLE 19

2003

2004

2005

2006

2007

2008

2009

2010

2011

278,728 2,200 1,412 64% 334,151 1,800 1,628 90% 309,964 2,400 2,345 98% 23,340 250 101 40% 42,594 300 202 67% 85,936 450 -

278,728 2,200 1,302 59% 334,151 1,800 1,699 94% 309,964 2,400 2,398 100% 23,340 250 285 114% 42,594 300 178 59% 85,936 450 -

278,728 2,200 1,398 64% 334,151 1,800 1,665 93% 309,964 2,400 2,291 95% 23,340 250 231 92% 42,594 300 201 67% 85,936 450 -

278,728 2,200 1,395 63% 334,151 1,800 1,540 86% 309,964 2,400 2,419 101% 23,340 250 21 8% 42,594 300 195 65% 85,936 450 -

278,728 2,200 1,480 67% 334,151 1,800 1,361 76% 309,964 2,400 2,388 100% 23,340 250 177 71% 42,594 300 190 63% 85,936 450 -

278,728 2,200 1,434 65% 334,151 1,800 1,199 67% 309,964 2,400 2,367 99% 23,340 250 195 78% 42,594 300 164 55% 85,936 450 -

319,093 2,838 1,460 51% 334,151 1,800 1,194 66% 360,566 3,104 2,445 79% 23,340 250 132 53% 42,594 300 163 54% 85,936 450 -

358,210 3,534 1,565 44% 334,151 1,800 1,176 65% 360,566 3,104 2,378 77% 23,340 250 103 41% 42,594 300 126 42% 85,936 450 -

485,601 3,534 1,678 47% 377,951 1,800 1,093 61% 822,394 3,104 2,371 76% 23,340 250 158 63% 42,594 300 131 44% 85,936 450 -

132

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHOOL BUILDING INFORMATION Last Ten Fiscal Years (Unaudited) 2002 MIDDLE SCHOOLS Austin (1957) Square Footage 115,537 Capacity 801 Enrollment 615 Percent of enrollment 77% to capacity W R Smith (1952) Square Footage 160,490 Capacity 941 Enrollment 414 Percent of enrollment to capacity 44% M L King (1997) Square Footage 146,500 Capacity 700 Enrollment 486 Percent of enrollment 69% to capacity South Park (1922) Square Footage 103,579 Capacity 624 Enrollment 484 Percent of enrollment 78% to capacity Marshall (1962) Square Footage 95,299 Capacity 850 Enrollment 828 Percent of enrollment to capacity 97% Odom Academy (1968) Square Footage 112,223 Capacity 850 Enrollment 836 Percent of enrollment 98% to capacity Vincent (1960) Square Footage 105,486 Capacity 949 Enrollment 901 Percent of enrollment 95% to capacity

TABLE 19

2003

2004

2005

2006

2007

2008

2009

2010

2011

115,537 801 609 76% 160,490 941 401 43% 146,500 700 487 70% 103,579 624 501 80% 95,299 850 832 98% 112,223 850 839 99% 105,486 949 941 99%

115,537 801 531 66% 160,490 941 384 41% 146,500 700 475 68% 103,579 624 532 85% 95,299 850 821 97% 112,223 850 840 99% 105,486 949 935 99%

115,537 801 655 82% 160,490 941 335 36% 146,500 700 458 65% 103,579 624 510 82% 95,299 850 824 97% 112,223 850 802 94% 105,486 949 904 95% 133

115,537 801 611 76% 160,490 941 295 31% 146,500 700 440 63% 103,579 624 440 71% 95,299 850 847 100% 112,223 850 824 97% 105,486 949 832 88%

115,537 801 547 68% 160,490 941 390 41% 146,500 700 429 61% 103,579 624 437 70% 95,299 850 825 97% 112,223 850 754 89% 105,486 949 905 95%

115,537 801 519 65% 160,490 941 411 44% 146,500 700 464 66% 103,579 624 388 62% 95,299 850 779 92% 112,223 850 737 87% 105,486 949 858 90%

115,537 801 463 58% 160,490 941 433 46% 146,500 700 449 64% 103,579 624 358 57% 95,299 850 774 91% 112,223 850 767 90% 105,486 949 825 87%

131,627 1,041 452 43% 160,490 941 459 49% 152,500 772 433 56% 103,579 624 339 54% 108,795 970 811 84% 112,223 850 814 96% 121,576 1,165 786 67%

251,138 1,041 371 36% 160,490 941 502 53% 301,112 772 365 47% 103,579 624 325 52% 197,816 970 808 83% 149,763 850 861 101% 221,436 1,165 793 68%

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHOOL BUILDING INFORMATION Last Ten Fiscal Years (Unaudited) 2002 ELEMENTARY SCHOOLS Amelia (1913) New School (2010) Square Footage 68,091 Capacity 550 Enrollment (1) 538 Percent of enrollment 98% to capacity Bingman (1952) Square Footage 49,632 Capacity 413 Enrollment (1) 368 Percent of enrollment to capacity 89% Blanchette (1938) New School (2011) Square Footage 47,974 Capacity 455 Enrollment 336 Percent of enrollment 74% to capacity Caldwood (1958) Square Footage 57,095 Capacity 684 Enrollment (1) 732 Percent of enrollment 107% to capacity Charlton-Pollard (2011) Square Footage Capacity Enrollment (1) Percent of enrollment 0% to capacity Curtis (1956) Square Footage Capacity Enrollment (1) Percent of enrollment to capacity Dishman (1999) Square Footage Capacity Enrollment (1) Percent of enrollment to capacity 46,820 444 532 120% 83,314 700 638 91%

TABLE 19

2003

2004

2005

2006

2007

2008

2009

2010

2011

68,091 550 526 96% 49,632 413 326 79% 47,974 455 296 65% 57,095 684 701 102% 0% 46,820 444 552 124% 83,314 700 690 99%

68,091 550 473 86% 49,632 413 302 73% 47,974 455 280 62% 57,095 684 680 99% 0% 46,820 444 574 129% 83,314 700 725 104%

68,091 550 463 84% 49,632 413 323 78% 47,974 455 265 58% 57,095 684 664 97% 0% 46,820 444 581 131% 83,314 700 673 96% 134

68,091 550 431 78% 49,632 413 243 59% 47,974 455 273 60% 57,095 684 587 86% 0% 46,820 444 536 121% 83,314 700 646 92%

68,091 550 437 79% 49,632 413 226 55% 47,974 455 241 53% 57,095 684 549 80% 0% 46,820 444 573 129% 83,314 700 683 98%

68,091 550 411 75% 49,632 413 190 46% 47,974 455 193 42% 57,095 684 583 85% 0% 46,820 444 512 115% 83,314 700 641 92%

68,091 550 359 65% 49,632 413 196 47% 47,974 455 160 35% 57,095 684 593 87% 0% 46,820 444 500 113% 83,314 700 624 89%

68,091 550 393 71% 49,632 413 0% 47,974 455 398 87% 57,095 684 585 86% 0% 46,820 444 536 121% 83,314 700 594 85%

93,500 750 717 96% 49,632 413 0% 85,593 550 469 85% 57,095 550 546 99% 90,500 750 0% 46,820 550 511 93% 90,814 700 589 84%

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHOOL BUILDING INFORMATION Last Ten Fiscal Years (Unaudited) 2002 ELEMENTARY SCHOOLS, Continued Dunbar (1957) Square Footage 75,268 Capacity 428 Enrollment (1) 428 Percent of enrollment 100% to capacity Fehl (1952) Square Footage 46,141 Capacity 456 Enrollment (1) 384 Percent of enrollment to capacity 84% Fehl/Price 2011 Square Footage Capacity Enrollment (1) Percent of enrollment to capacity Field (1952) Square Footage Capacity Enrollment (1) Percent of enrollment to capacity Fletcher (1983) Square Footage Capacity Enrollment (1) Percent of enrollment to capacity French (1956) Square Footage Capacity Enrollment Percent of enrollment to capacity Guess (1985) Square Footage Capacity Enrollment (1) Percent of enrollment to capacity 0% 46,370 397 376 95% 50,085 339 493 145% 84,338 580 375 65% 83,865 724 824 114%

TABLE 19

2003

2004

2005

2006

2007

2008

2009

2010

2011

75,268 428 417 97% 46,141 456 442 97% 0% 46,370 397 342 86% 50,085 339 532 157% 84,338 580 364 63% 83,865 724 817 113%

75,268 428 436 102% 46,141 456 418 92% 0% 46,370 397 351 88% 50,085 339 538 159% 84,338 580 346 60% 83,865 724 852 118%

75,268 428 487 114% 46,141 456 405 89% 0% 46,370 397 300 76% 50,085 339 541 160% 84,338 580 321 55% 83,865 724 761 105% 135

75,268 428 393 92% 46,141 456 382 84% 0% 46,370 397 315 79% 50,085 339 652 192% 84,338 580 374 64% 83,865 724 710 98%

75,268 428 415 97% 46,141 456 344 75% 0% 46,370 397 300 76% 50,085 339 707 209% 84,338 580 415 72% 83,865 724 695 96%

75,268 428 482 113% 46,141 456 301 66% 0% 46,370 397 329 83% 50,085 339 750 221% 84,338 580 456 79% 83,865 724 680 94%

75,268 428 495 116% 46,141 456 232 51% 0% 46,370 397 493 124% 79,442 867 734 85% 84,338 580 456 79% 83,865 724 669 92%

75,268 428 491 115% 46,141 456 223 49% 0% 46,370 397 318 80% 107,855 1,347 761 56% 84,338 580 512 88% 83,865 724 661 91%

75,268 428 447 104% 46,141 456 248 54% 90,500 750 511 68% 46,370 397 361 91% 162,651 1,347 757 56% 84,338 580 473 82% 83,865 724 662 91%

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHOOL BUILDING INFORMATION Last Ten Fiscal Years (Unaudited) 2002 ELEMENTARY SCHOOLS, Continued Homer Drive (1989) Square Footage Capacity Enrollment Percent of enrollment to capacity Jones-Clark (2011) Square Footage Capacity Enrollment (1) Percent of enrollment to capacity Lucas (1956) PreK Center (2011) Square Footage Capacity Enrollment (1) Percent of enrollment to capacity Martin (1952) New School (2011) Square Footage Capacity Enrollment Percent of enrollment to capacity Ogden (1912) Square Footage Capacity Enrollment Percent of enrollment to capacity Pietzsch-MacArthur (2000) Square Footage Capacity Enrollment Percent of enrollment to capacity Price (1957) Square Footage Capacity Enrollment Percent of enrollment to capacity 58,128 547 496 91% 0% 52,806 447 462 103% 95,403 780 596 76% 59,721 454 386 85% 182,000 975 981 101% 52,511 339 202 60%

TABLE 19

2003

2004

2005

2006

2007

2008

2009

2010

2011

58,128 547 519 95% 0% 52,806 447 436 98% 95,403 780 553 71% 59,721 454 368 81% 182,000 975 975 100% 52,511 339 224 66%

58,128 547 527 96% 0% 52,806 447 406 91% 95,403 780 586 75% 59,721 454 627 138% 182,000 975 938 96% 52,511 339 247 73%

58,128 547 495 90% 0% 52,806 447 410 92% 95,403 780 599 77% 59,721 454 305 67% 182,000 975 886 91% 52,511 339 241 71% 136

58,128 547 444 81% 0% 52,806 447 359 80% 95,403 780 540 69% 59,721 454 338 74% 182,000 975 926 95% 52,511 339 202 60%

58,128 547 409 75% 0% 52,806 447 367 82% 95,403 780 535 69% 59,721 454 361 80% 182,000 975 939 96% 52,511 339 190 56%

58,128 547 374 68% 0% 52,806 447 366 82% 95,403 780 535 69% 59,721 454 330 73% 182,000 975 1,005 103% 52,511 339 253 75%

58,128 547 414 76% 0% 52,806 447 343 77% 95,403 780 499 64% 59,721 454 360 79% 182,000 975 1,030 106% 52,511 339 346 102%

72,903 787 503 64% 0% 52,806 447 305 68% 95,403 780 598 77% 59,721 454 393 87% 182,000 975 1,107 114% 52,511 339 348 103%

127,314 787 602 76% 90,500 750 0% 52,806 447 121 27% 97,500 750 738 98% 59,721 454 376 83% 183,600 975 1,045 107% 52,511 339 316 93%

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHOOL BUILDING INFORMATION Last Ten Fiscal Years (Unaudited) 2002 ELEMENTARY SCHOOLS, Continued Regina Howell (1980) New School (2011) Square Footage 53,653 Capacity 573 Enrollment (1) 717 Percent of enrollment 125% to capacity Southerland Pre Kindergarten (1958) Square Footage 37,394 Capacity 525 Enrollment 506 Percent of enrollment 96% to capacity

TABLE 19

2003

2004

2005

2006

2007

2008

2009

2010

2011

53,653 573 707 123% 37,394 525 506 96%

53,653 573 736 128% 37,394 525 509 97%

53,653 573 734 128% 37,394 525 510 97%

53,653 573 745 130% 37,394 525 505 96%

53,653 573 750 131% 37,394 525 519 99%

53,653 573 769 134% 37,394 525 506 96%

53,653 573 765 134% 37,394 525 507 97%

53,653 573 754 132% 37,394 525 503 96%

90,508 750 765 102% 37,394 525 503 96%

Source: District Records (1) During the years enrollment exceeded capacity the District used portable buildings to relieve overflow.

137

BEAUMONT INDEPENDENT SCHOOL DISTRICT


FUND BALANCE AND CASH FLOW CALCULATION WORKSHEET GENERAL FUND AS OF AUGUST 31, 2011 (Unaudited)

TABLE 20

Total General Fund Balance 8/31/10 (Exhibit B-1 object 3000 for General Fund only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Reserved Fund Balance (Exhibit B-1 total of object 3400s for the General Fund only) . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Designated Fund Balance (from Exhibit B-1 total of object 3500s for the General Fund only). . . . . . . . . . . . . . . . . . . . . . . . . . . Estimated amount needed to cover fall cash flow deficits in the General Fund (Net of borrowed funds and funds representing deferred revenues) . . . . . . . . . . . . . . . . . . . . . Estimate of one month's average cash disbursements during the regular school session (9/1/10 - 5/31/11) . . . . . . . . . . . . . . . . . . . . . . Estimate of delayed payments from state sources (58XX) including August payment delays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Estimate of underpayment from state sources equal to variance between Legislative Payment Estimate (LPE) and District Planning Estimate (DPE) or District's calculated earned state aid amount . . . . . . Estimate of delayed payments from federal sources (59XX) . . . . . . . . . Estimate of expenditures to be reimbursed to General Fund from Capital Projects Fund (uses of General Fund cash after bond referendum and prior to issuance of bonds) . . . . . . . . . . . . . . . . Optimum Fund Balance and Cash Flow 2+3+4+5+6+7+8+9........................................... Excess/Deficit Undesignated Unreserved General Fund Fund Balance (Line 1 minus Line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If item 11 is a positive number Explanation of need for and/or projected use of net positive Undesignated Unreserved General Fund Fund Balance $ 5,027,986

$ 45,760,641

$ 3,444,425

$ 1,750,000

$ 19,658,991

$ 30,136,378

$ 5,196,253

8 9

10

$ 65,214,033

11

$ (19,453,392)

138

BEAUMONT INDEPENDENT SCHOOL DISTRICT


DISTRICT MAP

TABLE 21

139

COMPLIANCE SECTION

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHEDULE OF DELINQUENT TAXES RECEIVABLE FOR THE FISCALYEAR ENDED AUGUST 31, 2011

Last Ten Years Ended August 31 2002 and prior years 2003 2004 2005 2006 2007 2008 2009 2010 2011 Total

Tax Rate* Maintenance Various 1.465 1.455 1.470 1.475 1.308 1.040 1.040 1.040 1.040 Debt Service Various 0.0750 0.0850 0.0700 0.0650 0.0550 0.0550 0.1525 0.2225 0.2700

Assessed/Appraised Value For School Tax Purposes Various 6,199,153,266 6,359,481,988 6,748,474,727 7,368,263,580 7,853,566,235 8,500,936,329 9,344,043,352 9,164,709,866 9,084,485,215

* - Per $100 of assessed valuation

142

EXHIBIT H-1

10 Beginning Balance 09/01/110 2,878,857 381,663 385,425 467,623 558,263 550,063 656,182 1,137,659 2,218,997 $ 9,234,732

20 Current Year's Total Levy 114,577,187 $ 114,577,187 $

30 Maintenance Total Collections 38,016 12,794 22,638 35,855 50,935 76,231 112,572 276,611 595,646 90,649,504 91,870,802

30a Debt Service Total Collections 1,881 655 1,323 1,707 2,245 3,206 5,953 40,561 127,434 23,534,033 $ 23,718,997

40 Entire Year's Adjustments (24,774) (5,937) (4,997) (5,868) (8,898) (9,194) (7,661) (24,365) (187,825) 2,322,294 $ 2,042,775

50 Ending Balance 08/31/11 2,814,187 362,276 356,467 424,193 496,185 461,432 529,995 796,123 1,308,092 2,715,944 $ 10,264,895

143

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011
Federal Grantor/ Pass-Through Grantor/ Program Title U.S. DEPARTMENT OF EDUCATION Passed Through State Department of Education: Texas McKinney-Vento Homeless Education Total Texas McKinney-Vento Homeless Education ESEA Title I Part A Improving Basic Programs * ESEA Title I Part A Improving Basic Programs * Total ESEA Title I Part A Improving Basic Programs ESEA Title I Part D Prevention and Intervention * Total ESEA Title I Part D Prevention and Intervention IDEA Part B Formula * IDEA Part B Formula * Total IDEA Part B Formula IDEA Part B Preschool * IDEA Part B Preschool * Total IDEA Part B Preschool IDEA Part B Discretionary Deaf * IDEA Part B Discretionary Deaf '* Total IDEA Part B Discretionary Deaf IDEA Part B Discretionary Residential * Total IDEA Part B Discretionary Residential IDEA Part B Formula RDSPD * IDEA Part B Formula RDSPD * Total IDEA Part B Formula RDSPD IDEA Part B Preschool Deaf * IDEA Part B Preschool Deaf * Total IDEA Part B Preschool Deaf Vocational Education Technical Preparation Total Vocational Education Technical Preparation Career & Technical - Basic Grant Career & Technical - Basic Grant Total Career & Technical - Basic Grant IDEA Part C Early Intervention Total IDEA Part C Early Intervention ESEA Title II Part A Teacher Principal Training Recruitment ESEA Title II Part A Teacher Principal Training Recruitment Total ESEA Title II Part A Teacher Principal Training Recruitment Title I Part B Capacity Building Sites in Reading Title I Part B Demonstration Sites in Reading Total Title I Part B Grants 84.196A MVP1-002 Federal CFDA Number Pass-through Entity Identifying Number

EXHIBIT H-2

Federal Expenditures

12,581 12,581 6,315,313 198,846 6,514,159 115,862 115,862 2,945,869 157,912 3,103,781 94,444 4,234 98,678 57,885 3,091 60,976 55,151 55,151 39,186 1,310 40,496 3,050 164 3,214 3,924 3,924 311,581 15,044 326,625 1,362 1,362 1,395,461 82,241 1,477,702 537,951 98,132 636,083

84.010A 84.010A

11610101123910 12610101123910

84.010A

11610103123910

84.027 84.027

116600011239106600 126600011239106600

84.173 84.173

116600011239106610 126610011239106610

84.027 84.027

116600021239106673 126600021239106673

84.027A

116600021239106677

84.027 84.027

116600011239106601 126600011239106601

84.173 84.173

116610011239106611 126610011239106611

84.243A

10906692

84.048A 84.048A

11420006123910 12420006123910

84.181

113911011239103911

84.367A 84.367A

11694501123910 12694501123910

84.357A 84.357A

096455117110001 096455127110001

144

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011
Federal Grantor/ Pass-Through Grantor/ Program Title U.S. DEPARTMENT OF EDUCATION Passed Through State Department of Education: (CONTINUED) ESEA Title III Part A LEP ESEA Title III Part A LEP Total ESEA Title III Part A LEP ESEA Title III Part A Immigrant Grant Total ESEA Title III Part A Immigrant Grant Texas 21st Century Community Learning Center Texas 21st Century Community Learning Center Total Texas 21st Century Community Learning Center ARRA Title XIV State Fiscal Stabilization Funding Total ARRA Title XIV State Fiscal Stabilization Funding Title II AEFLA Section 225 Federal Corrections & Institutionalized Title II AEFLA Section 231 Federal Title II AEFLA Section 231 Federal Total Title II AEFLA Section 231 Federal & Section 225 Federal ARRA Title I Part D Technology * Total ARRA Title I Part D Technology ARRA IDEA Part B Formula * Total ARRA IDEA Part B Formula ARRA IDEA Part B Preschool * Total ARRA IDEA Part B Preschool ARRA ESEA Title I Part A Improving Basic Program * Total ARRA ESEA Title I Part A Improving Basic Program AARA ESEA Title I Part D Prevention and Intervention * Total AARA ESEA Title I Part D Prevention and Intervention ARRA Title I Priority School Total ARRA Title I Priority School SLDS - Classroom Link to ISDS Total SLDS - Classroom Link to ISDS Adult Education Federal TANF Total Adult Education Federal TANF 93.558 113625017110340 84.372A 10635002123910 84.388A 105520017110007 84.389A 1055100312370 84.389A 10551001123910 84.392A 10555001123910 84.391A 10554001123910 84.386A 10553001123910 84.002A 84.002A 84.002A 114100017110320 114100017110320 126600011239106600 84.394A 11557001123910 84.287C 84.287C 106950137110005 126950177110008 84.365 11671003123910 Federal CFDA Number Pass-through Entity Identifying Number

EXHIBIT H-2 (CONTINUED)

Federal Expenditures

84.365A 84.365A

11671001123910 12671001123910

153,202 3,068 156,270 46,106 46,106 1,894,242 71,276 1,965,518 5,089,641 5,089,641 15,702 521,745 52,932 590,379 26,355 26,355 2,129,059 2,129,059 25,674 25,674 1,309,293 1,309,293 19,096 19,096 643,524 643,524 14,411 14,411 47,191 47,191

Direct Programs: Homeless Education Disaster Assistance Program Total Homeless Education Disaster Assistance Program Libraries Enhancing Academic Performance Total Libraries Enhancing Academic Performance TOTAL U.S. DEPARTMENT OF EDUCATION

84.383A

S383A090026

35,007 35,007 497,785 497,785 25,045,903

84.364A

S364A100269

145

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011
Federal Grantor/ Pass-Through Grantor/ Program Title U.S. DEPARTMENT OF HEALTH & HUMAN SERVICES Direct Programs: Head Start * Head Start * Head Start Body Start Play Space Total Direct Programs Federal CFDA Number Pass-through Entity Identifying Number

EXHIBIT H-2 (CONTINUED)

Federal Expenditures

93.600 93.600 93.6000

06CH129031 06CH129032 06CH1290 B299

15,413 3,008,737 4,959 3,029,109

TOTAL U.S. DEPARTMENT OF HEALTH & HUMAN SERVICES Direct Programs: Medicaid Administrative Claim Program Total Direct Program Passed Through Southeast Texas Workforce Development Board Child Care Local Initiative Program Total Passed Through Southeast Texas Workforce Development Board Passed Through Texas Workforce Commission WIA Dislocated Workers Total Passed Through Texas Workforce Commission

3,029,109

93.778

529-07-015700024

41,058 41,058

93.596

05250Y51

81,269 81,269

17.260

1810ATP000

76,229 76,229

U.S. DEPARTMENT OF JUSTICE Direct Programs: ARRA COPS Hiring Recovery Program Total Direct Programs TOTAL U.S. DEPARTMENT OF JUSTICE

16.710

2009RKWX0839

52,231 52,231 52,231

U.S. DEPARTMENT OF AGRICULTURE Passed Through State Department of Education: School Breakfast Program * National School Lunch Program * Commodity Supplemental Food Program Fresh Fruit & Vegetable Progams Total Passed Through State Department of Education Passed Through Texas Workforce Commission State Administrative Matching Grant for the Supplemental Nutrition Assistance Program Total Passed Through Texas Workforce Commission TOTAL U.S. DEPARTMENT OF AGRICULTURE TOTAL FEDERAL AWARDS * Clustered Programs as required by Compliance Supplement June, 2011.

10.553 10.555 10.565 10.582

N/A N/A N/A NA

2,434,945 6,247,022 526,786 44,585 9,253,338

10.561

1810ATP000

20,000 20,000 9,273,338 $ 37,599,137

146

BEAUMONT INDEPENDENT SCHOOL DISTRICT


NOTES ON ACCOUNTING POLICIES FOR FEDERAL AWARDS AUGUST 31, 2011

1.

The District utilizes the fund types specified in the Resource Guide. Special Revenue Funds are used to account for resources restricted to, or designated for, specific purposes by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund. Generally, unused balances are returned to the grantor at the close of specified project periods.

2.

The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The Governmental Fund types and Private Purpose Trust Fund types are accounted for using a current financial resources measurement focus. All federal grant funds were accounted for in the Special Revenue Fund, a component of the Governmental Fund type. With this measurement focus, only current assets and current liabilities generally are included on the balance sheet. Operating statements of these funds present increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financing uses) in net current assets. The modified accrual basis of accounting is used for the Governmental Funds, the Private Purpose Trust Funds, and Agency Funds. This basis of accounting recognizes revenue in the accounting period in which they become susceptible to accrual, i.e., both measurable and available, and expenditures in the accounting period in which the fund liability is incurred, if measurable, except for unmatured interest on General LongTerm Debt, which is recognized when due, and certain compensated absences and claims and judgments, which are recognized when the obligations are expected to be liquidated with expendable available financial resources. Federal grant funds are considered to be earned to the extent of expenditures made under the provisions of the grant, and, accordingly, when such funds are received, they are recorded as deferred revenues until earned.

3.

The period of availability for federal grant funds for the purpose of liquidation of outstanding obligations made on or before the ending date of the federal project period, extended 30 days beyond the federal project period ending date, in accordance with provisions in Section H. Period of Availability of Federal Funds, Part 3, OMB Circular A-133 Compliance Supplement updated as of June 2011.

147

BEAUMONT INDEPENDENT SCHOOL DISTRICT


LONG TERM DEBT SCHEDULE FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Date of Issue 05/25/2003

Description

Interest Rate Payable

Amounts Original Issue

10 Amounts Outstanding 09/01/10

20 Issued Current Year

30 Retired Current Year

Unlimited Tax Refunding Bonds Series 2003 2.5% - 3.43% Current Interest Bonds Capital Appreciation Bonds Unlimited Tax Refunding Bonds Series 2004 4.0% Current Interest Bonds Capital Appreciation Bonds Unlimited Tax Refunding Bonds Series 2005 3.0% - 5.0% Current Interest Bonds Capital Appreciation Bonds Unlimited School Building Bonds Series 2008 3.00% - 5.25% Unlimited Tax Refunding Bonds Series 2008 3.17% - 3.5% Unlimited School Building Bonds Series 2008 A 4.375% - 5.0% Unlimited School Building Bonds Series 2009 3.17% - 3.5% Unlimited School Building Bonds Series 2010A 2.0% - 5.0% Unlimited School Building Bonds Series 2010B 4.449% - 5.760% Unlimited Tax Qualified School Construction Bonds Series 2010 0% Unlimited School Building Bonds Series 2011 2.0% - 5.0%

$ $

8,435,000 225,000

6,155,000 -

1,155,000 -

08/31/2004

$ $

16,925,000 885,000

7,105,000 -

10/18/2005

$ $ $

11,380,000 520,000 89,800,000

8,270,000 89,700,000

725,000 250,000

03/15/2008

08/01/2008

9,815,000

8,020,000

1,880,000

09/01/2008

65,000,000

64,900,000

100,000

05/01/2009

$ 116,570,000

116,570,000

1,620,000

04/30/2010

10,085,000

10,085,000

04/30/2010

59,490,000

59,490,000

05/01/2010

14,450,000

14,450,000

05/26/2011

31,500,000

31,500,000

1000 Sub Total 08/24/00 Lease Revenue Bonds Series 2000 5.05% - 9.0%* 1000 Totals

384,745,000

31,500,000

5,730,000

13,100,000 $

5,610,000 390,355,000

$ 31,500,000 $

1,000,000 6,730,000

* The Lease Revenue Bonds along with the Unlimited Tax Refunding Bonds Series 2004 were issued on an adjustable rate basis. On August 15, 2006, the Lease Revenue Bonds were converted to fixed rate bonds at a rate of 4.3%. And on August 17, 2009 the Unlimited Tax Refunding Bonds Series 2004 were converted to fixed rate bonds at a rate of 3%.

148

EXHIBIT H-3

40 Amounts Outstanding 08/31/11

50 Interest Current Year

80 90 Requirements Year Ending 8/31/12 Year Ending 8/31/13 Principal Interest Principal Interest

60

70

I 9/1/13 To Maturity Interest

5,000,000 -

181,044 -

1,190,000 -

144,404 -

1,230,000 -

106,130 -

87,765 -

7,105,000 -

207,488 -

207,488 -

207,488

530,831 -

7,545,000

316,450 4,326,921

740,000 465,000

292,181 4,315,651

760,000

266,394

689,616 74,170,968

89,450,000

900,000

4,293,434

6,140,000

247,800

740,000

292,181

2,045,000

110,513

37,363

64,800,000

3,143,400

100,000

3,143,400

410,000

3,143,400

51,750,425

114,950,000

5,726,438

1,415,000

5,726,438

680,000

5,726,438

96,711,563

10,085,000

596,756

405,000

596,757

700,000

444,400

1,588,783

59,490,000

2,845,116

2,845,116

2,147,604

39,751,409

14,450,000

960,000

31,500,000

411,775

1,425,375

500,000

1,420,375

26,723,841

410,515,000

18,003,188

5,055,000

18,988,991

8,185,000

17,866,176

292,042,564

4,610,000 $ 415,125,000

219,730 $ 18,222,918 $

1,060,000 6,115,000

175,440 $ 19,164,431 $

1,120,000 9,305,000

128,570 $ 17,994,746

234,475 $ 292,277,039

6599 - Other Debt Service Fees

149,656

149

BEAUMONT INDEPENDENT SCHOOL DISTRICT


SCHEDULE OF EXPENDITURES FOR COMPUTATION OF INDIRECT COST FOR 2010-2011 GENERAL, SPECIAL REVENUE, AND PRIVATE PURPOSE TRUST FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011
Function 41 and Related Function 53 - General Administration 1 2 (702) (703) Account School Tax Number Board Collection 611X-6146 Payroll Costs Leave for Separating Employees in Fn 41 & 53 6149 Leave - Separating Employees not in 41 & 53 6149 6211 Legal Services 6212 Audit Services 6213 Tax Appraisal and Collection 621X Other Professional Services 6220 Tuition and Transfer Payments 6230 Education Service Centers 6240 Contr. Maint. and Repair 6250 Utilities 6260 Rentals 6290 Miscellaneous Contracted 6320 Textbooks and Reading 6330 Testing Materials 63XX Other Supplies Materials 6410 Travel, Subsistence, Stipends 6420 Insurance and Bonding Costs 6430 Election Costs 6490 Miscellaneous Operating 6500 Debt Service 6600 Capital Outlay 6000- TOTAL $ 13,969 $ $

EXHIBIT H-4

3 (701) Supt's Office 575,332 $

4 (750) Indirect Cost 2,303,445 $

5 (720) Direct Cost 844,920 $

6 (Other) Miscellaneous 20,975 $

Total 3,758,641 6,031,883 91,529 1,407,590 78,036 11,862 42,820 65,240 213,709 72,597 94,126 299,360 878 $ $ 12,168,271 217,307,642

1,407,590 -

6,031,883 91,529

77,909 -

127 11,862 32,859 51,207 17,410 214,783

27,001 20,432 94,126 23,834

10,848 8,800 8,404 18,099

31,972 32,381 126,701 26,351 42,644

878 $ 21,853 (9)

179,362

$ 1,407,590

6,653,366

2,732,932

$ 1,173,168

Total expenditures/expenses for General and Special Revenue Funds: LESS: Deductions of Unallowable Costs FISCAL YEAR Total Capital Outlay (6600) Total Debt & Lease (6500) Plant Maintenance (Function 51, 6100-6400) Food (Function 35, 6341 and 6499) Stipends (6413) Column 4 (above) - Total Indirect Cost Subtotal: Net Allowed Direct Cost (10) (11) (12) (13) (14) $

916,070 27,967,320 2,732,932 31,616,322 $ 185,691,320

CUMULATIVE Total Cost of Buildings before Depreciation (1520) Historical Cost of Buildings over 50 years old Amount of Federal Money in Building Cost (Net of Above) Total cost of Furniture & Equipment before Depreciation (1530 & 1540) Historical Cost of Furniture & Equipment over 16 years old Amount of Federal Money in Furniture & Equipment (Net of Above) (15) (16) (17) (18) (19) (20) $ $ $ $ $ $ 388,085,522 20,304,620 1,319,995 30,761,201 6,045,472 3,630,148

(8) Note A: No amounts in Function 53 expenditures are included in this report on administrative costs.

150