business office report

8/4/2019 Business Office Report

1/38

EXHIBIT A.2Page 1 of 38

TO: Dr. Carrol A. Thomas, Jr.

Superintendent of Schools

FROM: Robert ZingelmannChief Business Officer

DATE: September 15, 2011

SUBJECT: Consider and, if Appropriate, Take Action to Approve the Business OfficeReports for August 31, 2011

Attached are the Business Office Reports for August 31, 2011These reports provide year to date financial information on the GeneralFund, Debt Service Fund, Capital Projects Funds, Internal ServiceFunds and Scholarship Funds. Also presented is the Investment Report

showing cost and market value of District investments together with

interest earned.

Administration recommends that the Business Office Reports be approved.

RZ/saAGENDA:September 15, 2011

Beaumont, Texas

BEAUMONT INDEPENDENT SCHOOL DISTRICT


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BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT "A.2"

TABLE OF CONTENTS Page 2 of 38

August 31, 2011

GENERAL FUND REPORTSBalance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Statement of Revenue, Expenditures and Changes in Fund Balance . . . . . . . . . . . . 4

Revenue Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Expenditure Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 - 8

DEBT SERVICE FUND REPORTS

Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Statement of Revenue, Expenditures and Changes in Fund Balance. . . . . . . . . . . . . 10Debt Service Schedules by Issuue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 - 14

CAPITAL PROJECTS FUNDS REPORTS

Capital Projects Fund - 628

Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Statement of Revenue, Expenditures and Changes in Fund Balance. . . . . . . 16Capital Projects Fund - 629Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Statement of Revenue, Expenditures and Changes in Fund Balance. . . . . . . 18


Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19


Capital Projects Fund - 631Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21



Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

Statement of Revenue, Expenditures and Changes in Fund Balance. . . . . . . 24Capital Projects Fund - 633

Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25



Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27


INTERNAL SERVICE FUNDS REPORTSHealth Insurance Fund - 771

Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Statement of Revenue, Expenditures and Changes in Fund Equity. . . . . . . . . 30Workers' Compensation Fund - 772

Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

Statement of Revenue, Expenditures and Changes in Fund Equity. . . . . . . . . 32

SCHOLARSHIP FUNDS REPORTS

Statement of Revenue, Expenditures and Changes in Fund Balance. . . . . . . . . . . . . 33

INVESTMENT REPORT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34-36


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GENERAL FUND Page 3 of 38

August 31, 2011

Assets

Cash and Temporary Investments 11,568,797$

ReceivablesProperty Taxes (Net of Estimated 2,632,358

Uncollectible Taxes of $3,688,385) (3,687,885)

Due From Other Funds 7,235,237

Miscellaneous Receivables 376,255

Inventories 220,170

Prepaid Items 6,214,221

Total Assets 24,559,152$

Liabilities

Current Liabilities:

Accounts Payable 301,273$

Payroll Deduction and Withholding Payable (2,216,843)

Accrued Wages Payable 7,320,755

Due to Other Funds (16,734,729)

Due to State 164,418

Due to Student Groups -

Accrued Expenses 27,670

Deferred Revenues 1,745,442

Total Liabilities (9,392,014)

Fund Equity

Fund Balances:

Reserve for Investments in Inventory 220,170

Reserve for Prepaid Items 2,619,411

Reserve for Encumbrances 239,778

Unreserved:

Designated for Sick Leave Accrual 1,500,000

Other Designation 250,000

Undesignated 39,428,496

Excess of Revenues over Expenses (Current Year) (10,306,688)

Total Fund Equity 33,951,166

Total Liabilities & Fund Equity 24,559,152$

Unaudited


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August 31, 2011

Activity

Budget To Date

REVENUE AND OTHER SOURCES

5700 Local Revenue 107,988,115$ 103,026,341$

5800 State Program Revenue 58,440,097 51,100,4095900 Federal Revenue 950,000 1,608,301

7900 Other Resources 1,261,000 17,045

Total Revenue 168,639,212 155,752,096

EXPENDITURES AND OTHER USES

11 Instruction 87,777,346 80,265,366

12 Instructional Resource & Media 2,359,952 2,200,208

13 Curr Devel/Instr Staff Devel 897,855 803,814

21 Instructional Leadership 2,865,934 2,015,237

23 School Leadership 11,590,541 9,213,961

31 Guidance, Counseling & Eval Svc 4,769,555 3,691,475

32 Social Work Services 812,649 482,91933 Health Services 2,190,953 1,690,247

34 Student (Pupil) Transportation 8,039,018 10,729,236

35 Food Services 42,770 65,383

36 Co-Curricular/Extracurricular Activities 4,474,098 4,057,807

41 General Administration 12,261,546 11,530,586

51 Plant Maintenance and Operation 24,919,662 22,805,176

52 Security and Monitoring Services 2,123,754 2,223,357

53 Data Processing Services 1,556,830 1,351,046

61 Community Services 118,030 79,555

71 Debt Service - -

81 Facilities Acquisition & Construction 948,619 569,568

93 Fiscal Agent/Member District 157,274 157,27495 Pmts to JJAEP 183,750 183,750

Total Expenditures 168,090,136 154,115,963

90 Total Other Uses 4,649,730 37,728

Total Expenditures and Other Uses 172,739,866 154,153,691

Excess of Revenues Over Expenditures (4,100,654) (10,169,569)

FUND BALANCE

Fund Balance - September 1 39,428,496 39,428,496

Reserve for Encumbrances Carried Forward - -Other Reserves (3,079,358) (3,079,358)Designated for Sick Leave (1,500,000) (1,500,000)Other Designation (200,000) (200,000)Property Insurance Deductible (50,000) (50,000)

Undesignated Fund Balance - August 31 30,498,483$ 24,429,568$

Unaudited


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BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT "A.2"GENERAL FUND Page 5 of 38August 31, 2011

Activity Percent ofBudget To Date Budget Used

5700 - LOCAL REVENUE

5711 Taxes, Current Year Levy 91,237,253$ 91,253,099$ 100.02%5712 Taxes, Prior Years 1,350,000 1,002,398 74.255719 Other Tax Related Revenue 925,000 940,467 101.67

5739 Tuition/Fees Patrons 270,000 115,874 42.925742 Interest - Temp Investments 500,000 44,032 8.815743 Rent - Building Use 20,000 15,630 78.155745 Insurance Recovery 8,096,313 7,801,383 96.365749 Miscellaneous 0 - -5749 Miscellaneous - Federal Trade Zone 5,264,549 1,508,899 28.665752 Athletic Activity 325,000 344,560 106.02

107,988,115 103,026,341 95.41

5800 - STATE PROGRAM REVENUE

5811 Per Capita Apportionment 1,539,978 4,213,386 273.605812 Foundation Entitlements 49,096,117 41,429,235 84.385819 Other Foundation School Programs 1,137,842 19,388

5831 TRS On-Behalf 6,666,160 5,438,400 81.5858,440,097 51,100,409 87.44

5900 - FEDERAL REVENUE5929 Federal Revenue Distribution by TEA 150,000 8,595 5.735931 SHARS School Health/Related 800,000 1,599,706 199.96

950,000 1,608,301 169.29

7900 - OTHER RESOURCES

7912 Sale of Real and Personal Property 1,000 17,045 1,704.537915 Operating Transfers In 1,260,000 - -

1,261,000 17,045 1,704.53

Total Revenue and Other Resources 168,639,212$ 155,752,096$ 92.36%

Unaudited


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BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT "A.2


August 31, 2011

Percent of

Expenditures Outstanding Budget

Budget To Date Encumbrances Committed

11 - INSTRUCTION

6100 Payroll Costs 82,423,313$ 75,963,667$ -$ 92.16

6200 Services 1,470,802 1,339,073 77,828 96.346300 Supplies 3,032,022 2,465,591 249,207 89.54

6400 Other Expenditures 798,156 466,446 2,461 58.75

6600 Capital Outlay 53,053 30,590 22,462 -

87,777,346 80,265,366 351,958 91.84

12 - INSTRUCTIONAL RESOURCE & MEDIA

6100 Payroll Costs 2,097,878 1,964,470 - 93.64

6200 Services 48,199 41,415 1,643 89.34

6300 Supplies 87,720 74,486 5,047 90.67


6600 Capital Outlay 122,655 118,187 1,229 97.36

2,359,952 2,200,208 9,310 93.63

13 - CURR DEVEL/INSTR STAFF DEVEL

6100 Payroll Costs 395,647 434,412 - 109.80

6200 Services 117,838 105,606 25 89.64

6300 Supplies 94,788 49,362 36,069 90.13


6600 Capital Outlay - - - -

897,855 803,814 39,055 93.88

21 - INSTRUCTIONAL LEADERSHIP

6100 Payroll Costs 2,568,028 1,806,910 - 70.36

6200 Services 173,744 126,909 16,411 82.49

6300 Supplies 35,672 39,231 (31,383) 22.006400 Other Expenditures 88,490 42,187 868 48.66


2,865,934 2,015,237 (14,104) 69.82

23 - SCHOOL LEADERSHIP

6100 Payroll Costs 11,106,668 8,841,930 - 79.6

6200 Services 129,629 86,171 17,275 79.80

6300 Supplies 218,384 172,872 27,257 91.64

6400 Other Expenditures 135,860 112,988 867 83.80


11,590,541 9,213,961 45,399 79.89

31 - GUIDANCE, COUNSELING & EVAL SVC6100 Payroll Costs 4,578,731 3,521,941 - 76.92

6200 Services 21,375 13,058 2,684 73.65

6300 Supplies 142,517 138,293 702 97.53

6400 Other Expenditures 26,932 18,183 50 67.704,769,555 3,691,475 3,436 77.47

Unaudited


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BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT "A.2GENERAL FUND Page 7 of 3EXPENDITURE REPORTAugust 31, 2011

Percent ofExpenditures Outstanding Budget


32 - SOCIAL WORK SERVICES

6100 Payroll Costs 341,410 246,226 - 72.12

6200 Services 453,017 227,030 225,706 99.946300 Supplies 15,334 9,664 3,632 86.7

6400 Other Expenditures 2,888 - - -


812,649 482,919 229,338 87.65

33 - HEALTH SERVICES

6100 Payroll Costs 2,126,922 1,630,646 - 76.67

6200 Services 28,856 28,218 495 99.50

6300 Supplies 31,280 27,828 1,986 95.3

6400 Other Expenditures 3,498 3,319 - 94.87

6600 Capital Outlay 397 236 - 59.44

2,190,953 1,690,247 2,481 77.2634 - STUDENT (PUPIL) TRANSPORTATION

6100 Payroll Costs 5,596,799 7,203,066 - 128.70

6200 Services 2,337,875 2,745,407 405,134 134.76

6300 Supplies 1,197,500 1,970,918 80,928 171.34

6400 Other Expenditures (1,093,156) (1,190,156) - 108.87


8,039,018 10,729,236 486,061 139.5

35 - FOOD SERVICES

6100 Payroll Costs 42,770 65,383 - 152.87

6200 Services - - - -

42,770 65,383 - 152.87

36 - CO-CURR/EXCURR ACTIVITIES

6100 Payroll Costs 1,651,264 1,573,319 - 95.28

6200 Services 187,951 219,809 12,224 123.45

6300 Supplies 690,501 602,071 65,643 96.70

6400 Other Expenditures 1,924,443 1,642,669 13,654 86.07

6600 Capital Outlay 19,939 19,938 - 100.00

4,474,098 4,057,807 91,521 92.74

41 - GENERAL ADMINISTRATION

6100 Payroll Costs 3,557,267 3,168,028 - 89.06

6200 Services 7,949,849 7,712,770 103,625 98.32

6300 Supplies 245,067 206,029 35,133 98.46400 Other Expenditures 508,485 442,882 29,991 93.006600 Capital Outlay 878 878 - 100.00

12,261,546 11,530,586 168,749 95.4

Unaudited


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BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT "A.2GENERAL FUND Page 8 of 3EXPENDITURE REPORTAugust 31, 2011

Percent ofExpenditures Outstanding Budget


51 - PLANT MAINTENANCE AND OPERATION

6100 Payroll Costs 10,913,386 12,175,952 - 111.576200 Services 8,055,990 8,229,481 230,700 105.02

6300 Supplies 2,441,823 2,242,499 255,947 102.32

6400 Other Expenditures 3,295,027 7,326 - 0.226600 Capital Outlay 213,436 149,918 63,299 99.90

24,919,662 22,805,176 549,946 93.72

52 - SECURITIY AND MONITORING SVC

6100 Payroll Costs 1,608,859 1,928,704 - 119.886200 Services 290,972 135,451 8,915 49.66300 Supplies 102,600 42,776 2,603 44.236400 Other Expenditures 121,323 116,426 425 96.36600 Capital Outlay - - - -

2,123,754 2,223,357 11,943 105.25

53 - DATA PROCESSING SERVICES6100 Payroll Costs 1,027,295 873,104 - 84.996200 Services 402,663 375,466 20,476 98.33

6300 Supplies 110,354 89,808 17,309 97.076400 Other Expenditures 15,091 12,667 2,413 99.93

6600 Capital Outlay 1,427 - - -1,556,830 1,351,046 40,197 89.36

61 - COMMUNITY SERVICES

6100 Payroll Costs 116,830 79,555 - 68.09

6300 Supplies - - - -6400 Other Expenditures 1,200 - - -

118,030 79,555 - 67.40

71 - DEBT SERVICES

6500 Debt Service - - - -- - - -

81 - FACILITIES ACQUIS & CONSTR

6600 Capital Outlay 948,619 569,568 379,051 100.00

948,619 569,568 379,051 100.00

93 - PMT TO FISCAL AGENT/MBR DIST

6400 Other Expenditures 157,274 157,274 - 100.00

157,274 157,274 - 100.0095 - PMT TO JJAEP

6200 Services 183,750 183,750 - 100.00

183,750 183,750 - 100.0099 - TRANSFERS OUT

8900 Transfers Out 4,649,730 37,728 - 0.8

4,649,730 37,728 - 0.8

Total Expenditures and Other Uses 172,739,866$ 154,153,691$ 2,394,341$ 90.63%

Unaudited


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DEBT SERVICE FUNDS Page 9 of 38

August 31, 2011

Assets


Interfund Receivables

Property Taxes (Net of Estimated

Uncollectible Taxes of $106,092) 460,569

Due from Others 162,955


Liabilities


Interfund Payables 63,415$

Due to State -Deferred Revenues 3,459,232

Total Liabilities 3,522,647

Fund Equity

Fund Balances:

Reserve for Debt Service (856,614)

Total Fund Equity (856,614)


Unaudited


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STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE

August 31, 2011

Activity Outstanding YTD

Budget To Date Encumbrances Percent


5700 - LOCAL REVENUE5711 Taxes, Current Year Levy 23,847,140$ 23,694,959$ -$ 99.36

5712 Taxes, Prior Years - 141,772 - 100.00

5719 Penalties and Interest - 175,114 - 100.00

5742 Interest - Temp Investments 30,000 31,118 - 103.73

23,877,140 24,042,963 - 100.69

5800 - STATE REVENUE

5829 State Program Revenue / TEA - - - -

- - - -

7900 - OTHER SOURCES

7917 Prepaid Interest - 98,984

7949 Other Resources - -

Total Revenue 23,877,140 24,141,948 - 101.11


71 - DEBT SERVICE

6511 Principal on Bonds 5,730,000 5,730,000 - 100.00

6521 Interest on Bonds 17,591,412 19,416,567 - 110.386599 Other Debt Service Expense 66,715 (148,006) - (221.85)

Total Expenditures 23,388,127 24,998,562 - 106.89

Excess of Revenues Over Expenditures 489,013$ (856,614)$ -$

FUND BALANCE

Beginning - September 1 2,495,908

Designated for Debt Service - August 31 1,639,294$

Unaudited


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BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT "A.2"DEBT SERVICE FUNDS Page 11 of 38DEBT SERVICE SCHEDULES BY ISSUEAugust 31, 2011

Original Issue $8,660,000

Issue Date 5/15/2003

Interest Rate 2.10% - 3.00%

Debt Service Requirements:

Fiscal Year Principal Interest Total

- - -

2010 1,120,000 215,891 1,335,891

2011 1,155,000 181,044 1,336,044

2012 1,190,000 144,404 1,334,404

To 2015 3,810,000 193,895 4,003,895

Total 7,275,000$ 735,234$ 8,010,234$

DEBT SERVICE UNLIMITED TAX REFUNDING BONDS 2003

Unaudited


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BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT "A.2"DEBT SERVICE FUNDS Page 12 of 38DEBT SERVICE SCHEDULES BY ISSUEAugust 31, 2011

Original Issue $16,925,000Issue Date 8/31/2004




- - -

2010 - 284,200 284,200

2011 - 284,200 284,200

2012 - 284,200 284,200

To 2017 7,105,000 1,003,300 8,108,300Total 7,105,000$ 1,855,900$ 8,960,900$



Interest Rate 4.00%



- - -

2010 710,000 339,769 1,049,769

2011 725,000 316,450 1,041,450

2012 740,000 292,181 1,032,181

To 2017 6,805,000 928,759 7,733,759

Total 8,980,000$ 1,877,159$ 10,857,159$

DEBT SERVICE UNLIMITED TAX ADJUSTABLE RATE REFUNDING BONDS 2005

DEBT SERVICE UNLIMITED TAX ADJUSTABLE RATE REFUNDING BONDS 2004

Unaudited


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DEBT SERVICE SCHEDULES BY ISSUE

August 31, 2011






- - -

2010 100,000 4,332,171 4,432,171

2011 250,000 4,326,921 4,576,921

2012 465,000 4,315,615 4,780,615

To 2017 88,985,000 72,167,801 161,152,801Total 89,800,000$ 85,142,509$ 174,942,509$



Interest Rate 3.50%



- - -

2010 1,795,000 312,113 2,107,113

2011 1,880,000 247,800 2,127,800

2012 1,960,000 180,600 2,140,600

To 2014 4,180,000 147,875 4,327,875Total 9,815,000$ 888,388$ 10,703,388$

DEBT SERVICE UNLIMITED TAX REFUNDING BONDS 2008

DEBT SERVICE UNLIMITED TAX SCHOOL BUILDING BONDS 2008

Unaudited


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DEBT SERVICE SCHEDULES BY ISSUE

August 31, 2011






- - -

2010 100,000 3,143,400 3,243,400

2011 100,000 3,143,400 3,243,400

2012 100,000 3,143,400 3,243,400

To 2038 65,065,000 52,912,125 117,977,125Total 65,365,000$ 62,342,325$ 127,707,325$






- - -

2010 - 7,380,742 7,380,742

2011 1,620,000 5,726,438 7,346,438

2012 1,415,000 5,726,438 7,141,438

To 2038 116,280,000 99,085,662 215,365,662Total 119,315,000$ 117,919,279$ 237,234,279$

DEBT SERVICE UNLIMITED TAX SCHOOL BUILDING BONDS 2009

DEBT SERVICE UNLIMITED TAX SCHOOL BUILDING BONDS 2008A

Unaudited


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CAPITAL PROJECTS FUND - UNLIMITED SCHOOL BLDG BOND 2008 - 628 Page 15 of 38

August 31, 2011

Assets



Liabilities



Total Liabilities 95,309

Fund Equity

Fund Balances:

Reserve for Encumbrances -

Designated for Construction 28,130,032Unreserved:

Designated for Capital Projects (25,993,788)



Unaudited


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5742 Interest -$ 15,045$ 0.00

Total Revenue - 15,045 - -


81 - FACILITIES ACQUISITION & CONSTRUCTION

6211 Legal Services - - - 0.00

6219 Professional Services 139,874 - 139,874 0.00

6257 Utilities - Electricity - - -

6259 Utilities - Other - - -

6269 Rentals - Operating Leases 531,132 459,840 71,192 99.98

6299 Misc. Contracted Services 81,589 48,065 33,517 99.99

6319 Supplies - Mtnce. & Operations - - - 0.00

6395 Fixed Assets $500 - $4,999 1,090 1,090 - 0.00

6399 General Supplies 5,887 5,634 - 0.00

6429 Ins & Bonding Expenses - - - 0.00

6619 Land Purchase / Improvements - - - 0.00

6625 Architecture/Engineer Fee 1,431,951 757,813 674,128 100.00

6629 Building Purchases/Improvements 5,165,192 4,080,669 1,084,352 100.00

6639 Furniture & Equipment 0 - - 0.00

Total Expenditures 7,356,715 5,353,113 2,003,063 99.99

Excess of Revenues Over Expenditures (7,356,715)$ (5,338,067)$ (2,003,063)$

FUND BALANCE

Beginning - September 1 37,963,998

Revenue Year To Date 15,045

Expenditures Year To Date (5,353,113)

Outstanding Encumbrances (2,003,063)

Ending - August 31 30,622,867$

August 31, 2011

Unaudited


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CAPITAL PROJECTS FUND - UNLIMITED SCHOOL BLDG BOND 2008A - 629 Page 17 of 38

August 31, 2011

Assets


Total Assets 6,136,797

Liabilities


Accounts Payable -

Total Liabilities -

Fund Equity

Fund Balances:



Designated for Capital Projects 188,207



Unaudited


18/38







5742 Interest -$ 39,998$ -$ 0.00

7911 Sale of Bonds - - 0.00

7916 Premium Sale of Bonds - - 0.00

Total Revenue - 39,998 - -



6211 Legal Services - - - 0.00

6219 Professional Services 2,849,790 1,987,271 722,644 0.00

6599 Other Debt Service Fees - - - 0.006625 Architecture/Engineer Fee 21,000 13,592 - 64.73




FUND BALANCE

Beginning - September 1 37,069,479$

Revenue Year To Date 39,998



Ending - August 31 188,207$

August 31, 2011

Unaudited


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August 31, 2011

Assets



Liabilities


Accounts Payable 207,955


Fund Equity

Fund Balances:



Designated for Capital Projects 40,096,847



Unaudited


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5742 Interest 150,000$ 175,192$ -$ 116.79

7911 Sale of Bonds - - 0.00

7916 Premium Sale of Bonds - - 0.00

Total Revenue 150,000 175,192 - 116.79



6211 Legal Services 57,076 25,669 - 0.00

6219 Professional Services 175,207 17,531 157,675 100.00

6599 Other Debt Service Fees - - - 0.006625 Engineering/Architect Fees 12,180,600 9,604,550 2,494,737 0.00


-



FUND BALANCE


Revenue Year To Date 175,192$




August 31, 2011

Unaudited


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August 31, 2011

Assets

Cash and Temporary Investments 754,922$

Total Assets 754,922

Liabilities


Accounts Payable -

Total Liabilities -

Fund Equity

Fund Balances:


Designated for ConstructionUnreserved:


Total Fund Equity 754,922

Total Liabilities & Fund Equity 754,922$

Unaudited


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5742 Interest 15,000$ 11,978$ 3,022$ 0.00

7911 Sale of Bonds - - - 0.00

7916 Premium Sale of Bonds - - - 0.00

Total Revenue 15,000 11,978 3,022 -



6211 Legal Services 55,000 5,972 - 10.86

6219 Professional Services - - - 0.00

6599 Other Debt Service Fees 1,101,867 1,074,866 14,479 0.006625 Engineering/Architect Fees 692,656 433,266 154,026 0.00

6629 Building Purchases/Improvements 8,663,677 8,250,141 277,497 98.43

- 0.00

Total Expenditures 10,513,200 9,764,245 446,002 -

Excess of Revenues Over Expenditures (10,498,200)$ (9,752,267)$ (442,980)$

FUND BALANCE




Outstanding Encumbrances (442,980)


August 31, 2011

Unaudited


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CAPITAL PROJECTS FUND - UNLIMITED SCHOOL BLDG BOND 2010B - 632 Page 23 of 38

August 31, 2011

Assets



Liabilities


Accounts Payable -

Total Liabilities -

Fund Equity

Fund Balances:

Reserve for Encumbrances 17,731,265

Designated for Construction -Unreserved:




Unaudited


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CAPITAL PROJECTS FUND - UNLIMITED SCHOOL BLDG BOND 2010B - 632 Page 24 of 38





5742 Interest 30,000$ 107,280$ (77,280)$ -

7911 Sale of Bonds - - -

7916 Premium Sale of Bonds - - -

Total Revenue 30,000 107,280 (77,280)



6211 Legal Services - - - -

6219 Professional Services - - - -

6599 Other Debt Service Fees 1,470,947 110,804 156,437 -6625 Engineering/Architect Fees 668,060 409,085 244,399 -

6629 Building Purchases/Improvements 57,369,193 36,776,595 17,253,149 -

- - -

Total Expenditures 59,508,200 37,296,483 17,653,985 -


FUND BALANCE






August 31, 2011

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CAPITAL PROJECTS FUND - CONSTRUCTION 2010 - 633 Page 25 of 38

August 31, 2011

Assets



Liabilities


Accounts Payable -

Total Liabilities -

Fund Equity

Fund Balances:

Reserve for Encumbrances 795,024





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5742 Interest 35,000$ 19,636$ 15,364$ -

7911 Sale of Bonds - - - -

7916 Premium Sale of Bonds - - -

Total Revenue 35,000 19,636 15,364 -



6211 Legal Services - - - -

6219 Professional Services - - - -

6599 Other Debt Service Fees - - - -6625 Engineering/Architect Fees 15,076 15,076 - -

6629 Building Purchases/Improvements 13,189,880 12,379,492 810,388 -

- - - -

Total Expenditures 13,204,956 12,394,568 810,388 -


FUND BALANCE






August 31, 2011

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August 31, 2011

Assets



Liabilities


Accounts Payable -

Total Liabilities -

Fund Equity

Fund Balances:






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28/38







5742 Interest 50,000$ 15,577$ (34,423)$ -

7911 Sale of Bonds 31,500,000 31,500,000 - -

7916 Premium Sale of Bonds - 1,080,000 1,080,000 -

Total Revenue 31,550,000 32,595,577 1,045,577 -



6211 Legal Services 9,500 9,500 - -

6219 Professional Services 1,603,451 168,277 1,361,930 -

6599 Other Debt Service Fees 140,858 134,557 - -6625 Engineering/Architect Fees 86,513 49,246 32,559 -

6629 Building Purchases/Improvements 29,709,678 4,478,648 17,193,826 -

- - - -

Total Expenditures 31,550,000 4,840,229 18,588,314 -

Excess of Revenues Over Expenditures -$ 27,755,348$ (17,542,737)$

FUND BALANCE

Beginning - September 1 -$

Revenue Year To Date 32,595,577$




August 31, 2011

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CAPITAL PROJECTS FUND - 650 Page 29 of 38

August 31, 2011

Assets


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Liabilities




Fund Equity

Fund Balances:



Designated for Capital Projects (14,342,379)



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CAPITAL PROJECTS FUND - 650 Page 30 of 38


August 31, 2011

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c v y u s an ng


REVENUE AND OTHER SOURCES5749 Miscellaneous 3,380,000$ -$ 3,380,000$ 0.00

Total Revenue 3,380,000 - 3,380,000 -




81 - FACILITIES ACQUISTION & CONSTRUCTION

6219 Professional Services -$ -$ -$ 0.00

6299 Misc. Contracted Services 1,128,342 949,588 178,612 99.99

6395 Supplies 172,356 170,295 2,061 100.00

6399 General Supplies 182,410 182,409 - 100.00an urc ase mprovemen s , , - .

6625 Engineering/ Architect Fee 631,031 530,891 38,008 90.15


6639 Furniture & Equipment 945,132 681,562 263,566 100.00



FUND BALANCE


Revenue Year To Date -$Expenditures Year To Date (8,665,431)



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HEALTH INSURANCE FUND - 771 Page 31 of 38

August 31, 2011

Assets


Unaudited


Fund Equity

Retained Earnings 106,907

,


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HEALTH INSURANCE FUND - 771 Page 32 of 38

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND EQUITY

August 31, 2011

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Operating Revenues:

Contributions for Self-insurance 6,626$

Total Revenues 6,626

Operating Expenses:

Total Expenses -

Operating Income (Loss) 6,626

Non-Operating Revenues:

Interest Revenue 281

Net Non-Operating Revenues 281

Non-Operating Expenses: -

Operating Transfers Out -

Net Non-Operating Expenses -

Net Income (Loss) 6,907

Fund Equity

Retained Earnings - September 1 100,000

Retained Earnings -August 31 106,907$

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WORKERS' COMPENSATION FUND - 772 Page 33 of 38

BALANCE SHEET

August 31, 2011

Assets

Unaudited


Other Recieivables 461,701


a es


Accounts Payable -

Other Liabilities 3,118,246

Total Liabilities 3,118,246

un qu y

Retained Earnings 303,884



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WORKERS' COMPENSATION FUND - 772 Page 34 of 38STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND EQUITYAugust 31, 2011

Unaudited

Operating Revenues:Contributions for Self-insurance 967,075$

Total Revenues 967,075

Operating Expenses:

,

Insurance Claims 2,062,222

Total Expenses 2,086,655

Operating Income (Loss) (1,119,580)

Non-Operating Revenues:

Interest Revenue 7,753Net Non-Operating Revenues 7,753

Net Income (Loss) (1,111,827)

Fund Equity

Retained Earnings - September 1 1,415,711

Retained Earnings -August 31 303,884$

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BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT "A.2"SCHOLARSHIP FUNDS Page 35 of 38

August 31, 2011

Joe H. Mike Charles Paul A. Wells Peyton

Durley Tonahill Taylor Weinbaum Brown Greenburg & Hunt


5700 - LOCAL REVENUE

5742 Interest - Temp Investments 43$ 50$ 9$ 2$ 20$ -$Total Revenue 43 50 9 2 20 -


99 - OTHER USES

6499 Miscellaneous Operating Costs - - - 750 2,000 1,000

Total Expenditures - - - 750 2,000 1,000

Excess of Revenues Over Expenditures 43 50 9 (748) (1,980) (1,000)

FUND BALANCE

Beginning - September 1 17,639 19,534 2,518 - 16,013 -

Ending - August 31 17,682$ 19,584$ 2,527$ (748)$ 14,033$ (1,000)$

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BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT "A.2"INVESTMENT REPORT Page 36 of 38August 31, 2011

Investment Program

Investment Position at August 31, 2011

Market/Book Market/Book

Value Value

08/01/11 08/31/11TEXPOOL 16,329,237.94$ 11,330,349.20$

Lone Star Investment Pool 152,494,726.78 129,956,746.15

Overnight Sweep 21.78 38.84

Total Investments 168,823,986.50$ 141,287,134.19$

January 2011 Investment Activity

Carrying Carrying

Amount Amount

08/01/11 Additions Deductions 08/31/11

Consolidated Account

Local Maintenance 11,381,469.86$ 703.61$ 5,000,000.00$ 6,382,173.47$

Food and Nutrition 1,314,686.97 144.95 - 1,314,831.9212,696,156.83 848.56 5,000,000.00 7,697,005.39

Debt Service Funds 3,633,081.11 262.70 - 3,633,343.813,633,081.11 262.70 - 3,633,343.81

Total TexPool 16,329,237.94$ 1,111.26$ 5,000,000.00$ 11,330,349.20$

The legal requirements and local authority for investment of district funds are detailed in Board Policy CDA

(Legal and Local) as adopted by the Board of Trustees. The investments utilized by Beaumont ISD include Texas

Local Government Investment Pool ("TexPool"), Lone Star Investment Pool, RBC Public Fund Investment

Account and an overnight sweep account with the district's depository.

Schedule of Transactions by Fund Group

Investments in TEXPOOL


37/38


INVESTMENT REPORT CONTINUED Page 37 of 38

August 31, 2011

Carrying CarryingAmount Amount

08/01/11 Additions Deductions 08/31/11

Consolidated Account

Local Maintenance 13,024,650.67$ 33,415,811.51$ 28,829,989.32$ 17,610,472.86$

Health Insurance 114,707.18 10.74 - 114,717.92

Worker's Compensation 3,164,149.26 296.12 - 3,164,445.38Alex Durley Scholarship 17,728.28 1.66 - 17,729.94

Joe Tonahill Scholarship 20,386.97 1.91 - 20,388.88

Mike Taylor Scholarship 3,535.44 0.33 - 3,535.77

Charles Weibaum Scholarship 903.15 0.08 - 903.23

Paul A. Brown Scholarship 8,062.02 0.75 - 8,062.77Debt Service 10,808,458.75 4,982,664.03 13,530,788.86 2,260,333.92

UTSBB Series 2008 2,241,608.95 299.49 267,874.75 1,974,033.69

UTSBB Series 2008-A; 6,271,113.02 902.97 180,661.00 6,091,354.99

UTSBB Series 2009 50,602,180.85 6,644.34 7,064,171.30 43,544,653.89UTSBB Series 2010-A 5,967.24 0.88 - 5,968.12UTSBB Series 2010-B 28,366,763.39 3,687.64 5,936,380.25 22,434,070.78

UTSBB Series 2010 QSB 5,615,023.31 698.17 1,125,509.40 4,490,212.08

UTSBB Series 2011 32,229,488.30 4,561.13 4,018,187.50 28,215,861.93

Total Lone Star Investment Pool 152,494,726.78$ 38,415,581.75$ 60,953,562.38$ 129,956,746.15$

Carrying Carrying

Amount Amount08/01/11 Additions Deductions 08/31/11

Capital Projects Account

UTSBB Series 2008A -$ -$ -$ -$Total RBC Public Fund InvestmentAccount -$ -$ -$ -$

All of the investments are fully secured. These are various agency Discount Notes which are bought at a Discount

and pay their interest upon maturity.Security Maturity Date Total Cost Market Value

Fannie Mae Discount Notes Mar 15 2010 0.00 0.00

Federal Home Loan Banks Feb 17 2010 0.00 0.00

Fannie Mae Discount Notes Feb 01 2010 0.00 0.00

Freddie Mac Discount Notes Feb 08 2010 0.00 0.00

Fannie Mae Discount Notes Apr 01 2010 0.00 0.00Fannie Mae Discount Notes Apr 12 2010 0.00 0.00

United States Cash Management Bill Jun 10 2010 0.00 0.00

United States Cash Management Bill Jun 17 2010 0.00 0.00

Cash and Equivalents 0.00 0.00

Accrued Interest - -

Total Investments 0.00 0.00


RBC Public Fund Investment Account

Investments in Lone Star Investment Pool



38/38


INVESTMENT REPORT CONTINUED Page 38 of 38August 31, 2011

Investment Compliance

The portfolio presented complies with the investment strategy of Beaumont ISD as expressed in the District's

investment policy and relevant provisions of law.

Review of Interest Earnings

Current Month Year to DateTEXPOOL 1,111.26$ 49,274.37$

Lone Star Investment Pool 21,408.60 8,292,252.42

Overnight Sweep 38.84 476.48Total Yield 22,558.70$ 8,342,003.27$

Robert Zingelmann

Devin W. McCraney

business office report

Documents