2017-2018 Annual Budget Book Fiscal Year September 1, 2017 – August 31, 2018 Laredo Independent School District Laredo, Texas 2017-2018 Annual Budget For Fiscal Year September 1, 2017 – August 31, 2018 Issued by: Division of Finance TABLE OF CONTENTS BUDGET PRESENTATION AWARDS ..................................................................................................................iii CITIZEN’S GUIDE TO OUR BUDGET ................................................................................................................. iv RECOGNITION .......................................................................................................................................................... v INTRODUCTORY SECTION Executive Summary................................................................................................................................................ 1 District Officials, Staff & Consultants.................................................................................................................. 15 Superintendent’s Biography ................................................................................................................................. 16 Board of Trustees Biographies ............................................................................................................................. 17 ORGANIZATIONAL SECTION District Profile ...................................................................................................................................................... 21 Boundary Map ...................................................................................................................................................... 22 Organizational Chart ............................................................................................................................................ 23 District’s Mission, Goals & Objectives ................................................................................................................ 24 Budget Administration & Financial Policies ........................................................................................................ 25 Budget Development Process ............................................................................................................................... 35 2017 -2018 Campus Program Allocations ............................................................................................................ 39 2017 -2018 Staff-pupil Ratios .............................................................................................................................. 40 2017-2018 Budget Calendar ................................................................................................................................. 44 Capital Improvement Plan .................................................................................................................................... 47 Budgetary Control & Basis of Accounting ........................................................................................................... 50 FINANCIAL SECTION District’s Funds Structure & Fund Types ............................................................................................................. 55 Governmental Funds Selected Items Summary .................................................................................................... 57 Governmental Funds - All Fund Types Summary ................................................................................................ 58 General Fund ........................................................................................................................................................ 60 General Operating Fund ................................................................................................................................ 63 Child Nutrition Program Fund ...................................................................................................................... 68 ERATE Fund ................................................................................................................................................. 71 Athletics Fund ............................................................................................................................................... 73 Technology Fund ........................................................................................................................................... 76 Debt Service Fund ................................................................................................................................................ 78 Special Revenue Funds ......................................................................................................................................... 86 Capital Projects Fund ........................................................................................................................................... 94 Capital Improvement Program .................................................................................................................... 100 Impact of Capital Projects to the General Operating Fund .......................................................................... 104 Internal Service Fund ......................................................................................................................................... 105 INFORMATIONAL SECTION General Operating Fund - Major Revenue Sources ............................................................................................ 107 Debt Service Fund – Major Revenue Sources .................................................................................................... 112 Major Revenue Assumptions.............................................................................................................................. 114 Trends & Forecasts ............................................................................................................................................. 115 Appraisal Roll & Property Values ...................................................................................................................... 123 Property Tax Rates & Tax Levies Comparison .................................................................................................. 124 LISD Property Tax Rates and Tax Levies .......................................................................................................... 125 LISD Property Tax Levies & Collections .......................................................................................................... 126 District’s Principal Taxpayers ............................................................................................................................ 127 Analysis of Budget’s Effect on Taxpayers ......................................................................................................... 128 Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total Expenditures (1)..................... 129 i Table of Contents Ratio of Net General Bonded Debt to Net Bonded Debt per Average Daily Attendance (ADA) ...................... 130 Administrative Cost Ratio .................................................................................................................................. 131 General Governmental Revenues (Last 10 Fiscal Years) ................................................................................... 132 General Governmental Expenditures (Last 10 Fiscal Years) ............................................................................. 134 Student Enrollment - Historical & Projected ...................................................................................................... 136 District Personnel ............................................................................................................................................... 138 Student Demographics ........................................................................................................................................ 141 Academic Performance ..................................................................................................................................... 142 Annual Dropout, Attendance & Completion Rates ............................................................................................ 145 Community Profile ............................................................................................................................................. 146 Location ....................................................................................................................................................... 146 Local History ............................................................................................................................................... 146 Population ................................................................................................................................................... 147 Education .................................................................................................................................................... 148 Income ........................................................................................................................................................ 148 Housing ......................................................................................................................................................