Carrollton-Farmers Branch Independent School District 1445 North Perry Road Carrollton, Texas 75011-5186 2010-2011 Official Budget Effective September 1, 2010 - August 31, 2011 Issued by: Mark Hyatt, CPA Associate Superintendent Administrative & Support Services Bonnie Halsey, CPA/RTSBA Executive Director of Finance Sara Gambrell, CTSBO Accounting Director Vicki Pippin, CPA/RTSBA Accountant Scott Roderick, CPA Director Financial Reporting 2 Carrollton-Farmers Branch Independent School District 3 Table of Contents General District Information District Map ............................................................................................................................8 2009-2010 School Calendar....................................................................................................9 Schools/Centers/Central Administration ..............................................................................10 Miscellaneous District Information ......................................................................................11 Testing Dates ........................................................................................................................12 Introductory Section Principal Officials .................................................................................................................15 Distinguished Budget Presentation Award for Fiscal Year beginning September 1, 2009..16 Meritorious Budget Award for Fiscal Year 2009-2010........................................................17 Consultants and Advisors .....................................................................................................18 Executive Summary Budget Information...............................................................................................................19 Budget Overview and Highlights..........................................................................................20 Budget-in-Brief.....................................................................................................................21 General Fund.........................................................................................................................21 Debt Service Fund.................................................................................................................33 Food Service Fund ................................................................................................................36 Budget Process and Significant Changes..............................................................................37 Future Outlook......................................................................................................................44 The Product...........................................................................................................................47 District Improvement Plan (summary) and Mission Statement............................................63 Personnel...............................................................................................................................68 Organization Section Organization Chart................................................................................................................79 District Improvement Plan....................................................................................................80 Description of Organization Units......................................................................................119 Financial Structure and Basis of Accounting ¾ Description of Entity..................................................................................................122 ¾ Statistical Information................................................................................................122 ¾ Fund Accounting........................................................................................................128 ¾ Classification of Revenues and Expenditures............................................................130 ¾ Relationship of Organizational Units.........................................................................131 ¾ Significant Financial Policies and Procedures 9 Balanced Budget ...............................................................................................136 9 Cash Management.............................................................................................136 9 Investment Policies ...........................................................................................136 9 Debt Administration..........................................................................................137 9 Reserve Policies................................................................................................138 4 Table of Contents continued Risk Management .............................................................................................138 Independent Audit and Financial Reporting.....................................................138 Budget Policies and Development Procedures Legal Requirements ..........................................................................................139 Budget Development Process ...........................................................................140 Capital Improvement Budget Policies ..............................................................141 Budget Calendar................................................................................................142 Budget Administration and Management Process Expenditure Control and Approvals .................................................................144 Amending the Budget .......................................................................................145 Monitoring the Budget......................................................................................145 Reporting to the Texas Education Agency .......................................................145 Financial Plan Section Revenues.............................................................................................................................149 2010-2011 Budget Short Summary ....................................................................................150 Estimated Revenues, Expenditures, Other Resources & Fund Balance Official Budgets..151 Combined Budget Summary, General Fund, Food Service Fund & Debt Service Fund ...157 General Fund Overview....................................................................................................................161 Revenue Trends and Assumptions.............................................................................161 Expenditure Summary ...............................................................................................165 Expenditures by Object Comparison to Prior Year ...................................................166 Impact on Fund Balance ............................................................................................167 Five-Year Summary of Revenues and Expenditures.................................................170 Budget by Location and Major Object.......................................................................171 Debt Service Fund Overview....................................................................................................................175 Revenue Sources and Trends.....................................................................................176 Expenditures ..............................................................................................................178 Five-Year Summary of Revenues and Expenditures.................................................179 Debt Retirement Summary ........................................................................................180 Computation of Direct and Overlapping Debt...........................................................181 Computation of Legal Debt Margin...........................................................................182 Debt Service Fund Balance and Percentage Expenditures ........................................183 Food Service Fund Overview....................................................................................................................185 Revenue Sources........................................................................................................185 Expenditure Sources ..................................................................................................186 Five-Year Summary of Revenues and Expenditures.................................................186 Expenditures by Object Comparison to Prior Year ...................................................187 Fund Balance .............................................................................................................187 Other Food Service Information ...............................................................................188 5 Table of Contents continued Capital Budget Capital Improvement Plan .........................................................................................193 Bond Proceeds ...........................................................................................................194 2003 Bond Referendum Expenditures.......................................................................195 District Technology Initiative....................................................................................196 Good Elementary School Replacement .....................................................................197