| CHISD M&O Fund Growth | |||||
|---|---|---|---|---|---|
| Fiscal Year | Local Receipts | Total Receipts | Expenditures | Surplus/(Deficit) | Balance |
| 2018-2019 Contingency Budget | $41,092,377 | $71,248,458 | 71,248,458 | $0.00 | $20,572,183 |
| 2018-2019 Adopted Budget | $36,537,932 | $65,320,581 | $65,320,581 | $0.00 | $20,572,183 |
| May 31, 2018 Board Report (est)1 | $33,776,285 | $53,994,410 | $52,391,615 | $1,602,794 | $20,572,183 |
| June 30, 2017 Final Audit Report (Exhibit C-3) | $31,310,542 | $62,947,073 | $61,240,545 | $1,706,528 | $18,969,387 |
| June 30, 2016 Final Audit Report (Exhibit C-3)2 | $28,953,157 | $63,155,203 | $59,828,311 | $3,848,021 | $17,262,859 |
| June 30, 2015 Final Audit Report (Exhibit C-3) | $28,246,045 | $60,711,511 | $54,964,608 | $5,746,903 | $13,414,838 |
| June 30, 2014 Final Audit Report (Exhibit C-3)3 | $26,846,241 | $57,087,453 | $58,673,824 | (-$1,581,731) | $11,389,930 |
Some additional insights into the requested M&O rate
- The Dallas Central Appraisal District 2017-2018 Certified Comparison for CHISD shows an 11.1% increase in assessed value from 2017 to 2018 - CHISD is getting an 11.1% raise in local M&O tax receipts for 2018 from the existing tax rate (when was the last time you receive an 11.1% annual raise)
- Based on their 2017/2018 Proposed Budget expectation of $33,514,307 in M&O local receipts, CHISD is getting a $3,720,088 "raise" in local receipts without the TRE ($696,463 more than CHISD included for local receipts in the non-TRE budget they adopted for 2018/2019 on June 25, 2018)
- If the TRE passes, CHISD will get a 25% increase in local M&O property tax receipts for 2018
1May 31, 2018 Board Report (est) added an unexplained $2 to the 2017 Final Audit Report balance
22016 Final Audit Report Surplus included $521,129 of insurance recoveries
32015 Final Audit Report included a “restated starting balance” for the General Fund from 2014 of $7,667,935. A later note in the Audit Report states “During 2015, the District discovered an error in accounting for amounts due from the State related to the School Foundation program that occurred in previous years. As a result, the Due From Other Governments balance as of June 30, 2014 was overstated by $3,721,995.”. 4
4The restated June 30, 2014 balance means the M&O fund grew by $12,904,248 from 30 June 2014 through 31 May 2018 ($20,572,183 - $7,667,935)
This site is a work in progress, check back for updates
Last changed: August 15, 2018, at 10:45 PM