Exhibit I-E Page 25 Attachment 2 ADMINISTRATION’S RECOMMENDED BUDGET 2009-2010 August 3, 2009 Prepared by: Irving ISD Business Office Debbie Cabrera Assistant Superintendent Business and Finance ‘August 3, 2009Exhibit IIE Page 26 2009-2010 ADMINISTRATION'S RECOMMENDED BUDGET Table of Contents Page No. ‘* 2009-2010 Administration's Recommended Budget Overview... * 2009-2010 Budget Factors... * 2009-2010 Budget Summary with Charts * Analysis-Assessed Values and Tax Revenue with Charts... * Tax Rate Calculations. * 2009 Rollback Tax Rate Worksheet * Notice of Public Meeting... * Revenue Comparison — State Foundation Program « Budget Enhancements Summary... Campus and Department Special Projects Summary * 2009-2010 Staffing Summary .. * Governmental Funds Revenues/Last Ten Fiscal Years.. * Governmental Funds Expenditures & Debt Service Ratio/Last Ten Fiscal Years. * Property Tax Levies and Collections/Last Ten Fiscal Years... * Appraised Value and Actual Value of Taxable Property/Last Ten Fiscal Years......... * Demographic and Economic Statistics/Last Ten Fiscal Years.... ‘* 2009-2010 Budget Calendar. ‘August 3, 2009 ii 10 16 20 2 22 23 25 28 30 48 49 50 51 52 53Exhibit IE Page 27 Date: August 3, 2009 Memo To: Dr. Neil Dugger, Interim Superintendent Memo From: Debbie Cabrera, Assistant Superintendent Business & Finance Subject: 2009-2010 Administration's Recommended Budget Introduction The attached Administration's Preliminary Recommended Budget is designed to present a near final estimate of the 2009-2010 Budget. The Certified Tax Roll for the district was received on July 23” from the Dallas Central Appraisal District (DCAD) and reflected a decrease in values of $465,509,320 or 4.6% for a total roll value of $9,670,388,426. While this decrease was less than what was expected in previous budget drafts the impact to the General Operating Budget is only to shift total revenue to more local tax and less state aid for next year. On the Debt Service side the tax increase needed for next year is reduced from a 3.7 cent increase to a 3.4 cent increase due to the better than expected Certified Roll values. The 81% Legislative session concluded will very little substantive changes in funding for public education. The local school board still has the ability to raise taxes no more than 4 pennies and an additional 13 pennies by voter approval for the M&O tax rate. Our district has already used 2 of the local option pennies with 2 remaining before we will be required to hold a tax ratification election to access additional pennies. One penny generates $2,325,406 additional revenue from local and state sources for the district. HB 3646 provides a guaranteed increase of $120 per WADA (Weighted Average Daily Attendance) which is what our district will get next year and nothing extra to compensate for our target revenue being below the state average. This is equal to an increase in funding that is reflected in this Administration's Recommended Budget of $4,979,114. Our state funding will go up an additional $3,927,574 due to the increase in ADA (Average Daily Attendance), WADA, and our TIF (Tax Increment Financing) zone values. The source of the increase is a reflection of the 2008-09 final PEIMS (Public Education Information Management System) attendance data, final free and reduced lunch counts, and the certified value of the 2008 TIF zone. The General Operating Budget estimates revenues at $236,613,330 and appropriations at $243,756,267 which results in a use of fund balance of $7,112,937 including other sources and uses. The ending fund balance is estimated at $69,321,875 which represents a 28.4% fund balance. The M&O tax rate used in this Administration's Recommended Budget is $1.02. This is the same M&O tax rate as last year. The I&S rate is increased 3.4 pennies in order to pay the district's outstanding bonded debt. The total tax rate for next year is $1.425. See Tax Levy section for further details. The Administration's Recommended Budget reflects a total increase in state funding under current law of $20,058,671 for the General Operating Fund with the majority of the increase due to the increase in ADA and WADA over last year's budgeted ADA and WADA, the ‘August 3, 2009,