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2.  Senate Bill No. 875  Developed by Commissioner together with Comptroller of Public Accounts  Proposal presented to Legislature December 2000  Proposed 21 standards for evaluating district financial condition 2

3.  Facilitate Effective and Efficient Use of Resources  Strengthen Fiscal Accountability  Use of currently collected data ◦ Annual Audit Report ◦ PEIMS ◦ AEIS ◦ Accountability Rating 3

4.  Provide analysis tool for school officials  Increase the Proportion of Resources Used in Direct Instructional Activities  Increase Efficient Use of Resources in School Support Activities  Identify and Recognize Outstanding Performance  Increase Financial Well Being of Public Schools 4

5. Rating Worksheet – Five Major Areas with 22 Indicators 1. Critical Indicators (7) 2. Fiscal Responsibility and Academic Performance (5) 3. Budgeting (3) 4. Personnel (3) 5. Cash Management (4) 5

6. Rating Worksheet – Five Major Areas with 22 Questions  Superior Achievement: 75 > (Yes to Indicator 7)  Above Standard Achievement: 65-74 (No to Indicator 7)  Standard Achievement: 55-64  Substandard Achievement: <55 or No to “CRITICAL” indicators 6

7. The La Joya Independent School District Independent School District earned a “ Superior Achievement ” Rating for the Year Ending August 31, 2009 7

8.  1. Was the Total Fund Balance Less Reserved Fund Balance Greater Than Zero in the General Fund? La Joya ISD Fund Balance = $53,600,781  2. Was the Total Unrestricted Net Asset Balance in the Governmental Activities Column in the Statement of Net Assets Greater than Zero? Net Asset Balance = $62,535,353 8

9.  3. Were There No Disclosures in the Annual Financial Report and/or Other Sources of Information Concerning Default on Bonded Indebtedness Obligations No default on Bond indebtedness-The District made all of their bond payments.  4. Was the Annual Financial Report Filed Within One Month After the Deadline? Due Date=Feb 28, 2010 La Joya ISD filedJan 25, 2010 9

10.  5. Was there an Unqualified Opinion in Annual Financial Report? La Joya ISD’s Audit Report= Unqualified Opinion  6. Did the Annual Financial Report Not Disclose any Instance (s) of Material Weaknesses in Internal Controls? La Joya ISD Audit Report = No material weakness 10

11.  7. Did the District’s Academic Rating Exceed Academically Unacceptable? The District did not receive an academically unacceptable rating  8. Was the Three Year Average Percent of Total Tax Collections Greater than 98 percent? - measures district’s success in collecting the taxes Tax Collection Rate=101% 11

12.  9. Did the Comparison of PEIMS Data to like information in the Annual Financial Report Result in an Aggregate Variance of Less than 3% of Expenditures per Fund Type - indicator measures the quality of data La Joya ISD Variance=.03%  10. Were Debt-Related Expenditures Less than $350 per student? - spend money on education, rather than fancy buildings Debt Related Expenditures=$263.25 12

13.  11. Was There No Disclosure in the Annual Audit Report of Material Noncompliance? La Joya ISD Audit Report = No Material Noncompliance  12. Did the District Have Full Accreditation Status in Relation to Financial Management Practices? - Yes 13

14.  13. Budgeted Expenditures and Other Uses LESS THAN Total Revenues, Other Resources, and Fund Balance in General Fund? Fund Balance = $ 71,368,845 Revenues = $ 214,716,026 Expenditures = $(241,037,452) Difference = $ 45,047,419  14. If the District’s Aggregate Fund Balance in the General Fund and Capital Projects Fund was LESS THAN Zero, were Construction Projects Adequately Financed? General Fund Balance=$63,360,121 Capital Projects Fund Balance =$76,935,231 14

15.  15. Was the ratio of Cash and Investments to Deferred Revenues in the General Fund Greater Than or Equal to 1:1? Cash and Investments $ 82,819,352 Deferred Revenues $ 2,272,468 Ratio 36.44  16. Was the Administrative Cost Ratio less Than the Threshold Ratio? Standard=11.05% La Joya ISD= 6.72% 543210 >= 1.00=>.95 <1.00 >=.90 <.95 =>.85 <.90 =>.80 <.85 <.80 15

16.  17. Was the Ratio of Students to Teachers Within the Range According to District Size? Standard=13.5 to 22 La Joya ISD = 14.803  18. Was the Ratio of Students to Total Staff Within the Range According to District Size? Standard=7.0 to 14 La Joya ISD = 7.17 54 =100%>=95%<100% 16

17.  19. Was the Total Fund Balance in the General Fund More than 50 percent and Less than 150 percent of Optimum Fund Balance? Optimum Fund Balance = $63,259,340 General Fund Balance = $63,360,121  20. Was the Decrease in Undesignated Unreserved Fund Balance less than 20 percent over Two Fiscal Years? Revenues$213,544,241 Expenditures $216,605,519 Acceptable Expenditure/ Revenue Gap $ (3,061,278) 54 <150%>=150% =<152.5% 17

18.  21. Was the Aggregate Total of Cash and Investments in the General Fund More Than $0? General Fund Cash and Investments = $82,819,352  22. Were Investment Earnings in All Funds More than $20 Per Student? Investment Earnings $3,142,454 Number of Students 26,994 La Joya ISD investments/student = $116.41 43 >20>19<=20 18