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School FIRST PUBLIC HEARING

School FIRST PUBLIC HEARING. Proposed Financial Accountability Rating System SB 218 - 2001. School FIRST . F inancial I ntegrity R ating S ystem of T exas. Goal. To achieve improved performance in the management of school districts’ financial resources.

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School FIRST PUBLIC HEARING

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  1. School FIRST PUBLIC HEARING Proposed Financial Accountability Rating System SB 218 - 2001

  2. School FIRST • Financial • Integrity • Rating • System of • Texas

  3. Goal • To achieve improved performance in the management of school districts’ financial resources. • This report is for the 2004-05 fiscal year. • Fourth year of FIRST Reporting

  4. 21 Indicators • District must hold public hearing to discuss ratings • Improvement in financial management in many schools have been identified since the initiation of School First in 2003

  5. District Ratings

  6. Bastrop ISD Final Rating from TEA • SUPERIOR ACHIEVEMENT • BISD Indicators Answered No: 1

  7. Key Indicators Bastrop ISD Results

  8. Was the Total Fund Balance Greater Than Zero in the General Fund? Bastrop ISD General Fund Balance $15,170,928

  9. Was the Percent of Total Tax Collections (Including Delinquent) Greater Than 96%? Bastrop ISD 100.1%

  10. FIRST Total Tax Collection Rate History

  11. Were Debt Related Expenditures (Net of IFA and/or EDA Allotment) < $770 Per Student Bastrop ISD $662 Per Student

  12. Calculation for Debt Related Per Student Expenditure $6,291,229 – 1,174,607 /7730 =$662

  13. Was the Percent of Operating Expenditures Expended for Instruction More that 54% Bastrop ISD 53.48

  14. Factors Relating to “No” Indicator • 21st Century Grant • Expenses related are primarily function 61 – (after school program) • Increased Transportation costs • Increase in campus support costs due to opening new elementary schools • School leadership, health services, etc.

  15. First Indicator Instructional Expenditures

  16. Was the Administrative Cost Ratio Less Than the Standard in State Law? Acceptable .125 BASTROP ISD .0744

  17. FIRST Administrative Cost Ratio History

  18. Was the Student/Teacher Ratio Within Acceptable Range According to District Size? Lower Limit 13.0 BASTROP 15.1 Upper Limit 22.0

  19. Was the Student/Staff Ratio Within Acceptable Range According to District Size? Lower Limit 6.5 BASTROP 7.9 Upper Limit 14.0

  20. Was the Total Fund Balance In the General Fund More than 50% and Less Than 150% of the Optimum? Minimum $ 6,656,044 BASTROP$15,546,672 Maximum $19,968,134

  21. Were Investment Earnings In All Funds More Than $15 Per Student BASTROP ISD $75.39

  22. For Additional InformationContact • Sandra Callahan, CFO scallahan@bastrop.isd.tenet.edu • Theresa Fierro, Accountant tfierro@bastrop.isd.tenet.edu 512-321-2292

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