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“DRAFT”COMPREHENSIVE

ANNUAL

FINANCIAL REPORT

For the Year Ended August 31, 2011

Beaumont Independent School DistrictBeaumont, Texas



Beaumont Independent

School DistrictBeaumont, Texas

Comprehensive Annual

Financial Report

For the Year Ended August 31, 2011

Prepared by theBusiness Office

Robert Zingelmann Devin McCraney Chief Business Officer Director of Finance

Sharika Allison Laura KlockComptroller Property and Employee

Benefits ManagerBelinda KlockBudget Supervisor



BEAUMONT INDEPENDENT SCHOOL DISTRICTCOMPREHENSIVE ANNUAL FINANCIAL REPORTTABLE OF CONTENTS

EXHIBIT PAGE

INTRODUCTORY SECTION

Transmittal Letter 3

GFOA Certificate of Achievement for Excellence in Financial Reporting 9

Board of Trustees 10

Certificate of Board 11

District Organization Chart 12

FINANCIAL SECTION

Independent Auditor's Report 13

Management's Discussion and Analysis 15

Basic Financial StatementsGovernment-wide Financial Statements:

Statement of Net Assets A-1 26Statement of Activities A-2 27

Fund Financial Statements:Balance Sheet - Governmental Funds B-1 28Reconciliation of the Governmental Funds Balance Sheet to the

Statement of Net Assets B-1R 29Statement of Revenues, Expenditures and Changes in Fund Balances -

Governmental Funds B-2 30Reconciliation of the Governmental Funds Statement of Revenues,

Expenditures and Changes in Fund Balance to theStatement of Activities B-2R 31

Statement of Net Assets - Proprietary Funds C-1 32Statement of Revenues, Expenses and Changes in Fund Net Assets -

Proprietary Funds C-2 33Statement of Cash Flows - Proprietary Funds C-3 34Statement of Fiduciary Net Assets - Fiduciary Funds D-1 36Statement of Changes in Fiduciary Net Assets - Fiduciary Funds D-2 37

Notes to the Financial Statements 38

Required Supplementary InformationBudgetary Comparison Schedules:Schedule of Revenues, Expenditures and Changes in Fund Balances-

Budget and Actual - General Fund E-1 59

Notes to Required Supplementary Information 60

Combining and Individual Fund Information and Other Supplementary Information:Combining Balance Sheet - Non-major Governmental Funds F-1 68Combining Statement of Revenues, Expenses and

Changes in Net Assets - Non-major Governmental Funds F-2 82Combining Balance Sheet - Internal Service Funds F-3 96Combining Statement of Revenues, Expenses and

Changes in Net Assets - Internal Service Funds F-4 97Combining Balance Sheet - Fiduciary Funds F-5 98Combining Statement of Revenues, Expenses and

Changes in Fund Balances - Agency Funds F-6 99Combining Statement of Net Assets - Private Purpose Trust Funds F-7 100Combining Statement of Revenues, Expenses and

Changes in Net Assets - Private Purpose Trust Funds F-8 101iii



BEAUMONT INDEPENDENT SCHOOL DISTRICTCOMPREHENSIVE ANNUAL FINANCIAL REPORTTABLE OF CONTENTS

EXHIBIT PAGE

Budgetary Comparison Schedules:Schedule of Revenues, Expenditures and Changes in Fund Balances-

Budget and Actual - National School Breakfast and Lunch Program F-9 102Budget and Actual - Debt Service Fund F-10 103

Capital Assets Used in the Operation of Governmental Funds:Schedule of Function and Activity G-1 104Schedule of Changes by Function and Activity G-2 105Schedule by Location G-3 106

STATISTICAL SECTION - UNAUDITED TABLE PAGE

Statistical Section Contents 109

Governmental Activities Net Assets 1 111

Changes in Net Assets 2 112

Fund Balances of Governmental Funds 3 115

Changes in Fund Balances of Governmental Funds 4 116

Assessed Value - Real and Personal Property 5 118

Property Tax Rates - Direct and Overlapping Governments 6 119

Principal Property Taxpayers 7 120

Property Tax Levies and Collections 8 121

Ratios of Outstanding Debt by Type 9 122

Ratios of Net General Obligation Bonded Debt Outstanding 10 123

Computation of Direct and Overlapping Debt 11 124

Legal Debt Margin Information 12 125

Demographic and Economic Statistics 13 126

Total Enrollment and Average Daily Attendance 14 127

Principal Employers 15 128

Full Time Equivalent Employees by Position 16 129

Operating Statistics 17 130

Teacher Salary Data 18 131

School Building Information 19 132

Fund Balance and Cash Flow Calculation Worksheet 20 138

District Map 21 139

COMPLIANCE SECTION

Schedule of Delinquent Taxes Receivable H-1 142Schedule of Expenditures of Federal Awards H-2 144Notes on Accounting Policies for Federal Awards 147Long Term Debt Schedule H-3 148Schedule of Expenditures for Computation of Indirect Cost for 2010-2011 H-4 150

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INTRODUCTORY SECTION



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January 19, 2012

Board of TrusteesBeaumont Independent School District3395 Harrison StreetBeaumont, Texas 77706-5009

Dear Board Members:

The Texas Education Code requires that all school districts file a complete set of financial statements withthe Texas Education Agency (TEA) within 150 days of the close of each fiscal year. The financialstatements must be presented in conformity with generally accepted accounting principles (GAAP) andaudited by a firm of licensed certified public accountants in accordance with generally accepted auditingstandards. Pursuant to that requirement, we hereby issue the Comprehensive Annual Financial Report ofthe Beaumont Independent School District (the District) for the year ended August 31, 2011.

This report consists of management’s representations concerning the finances of the District.Consequently, management assumes full responsibility for the completeness and reliability of all of theinformation presented in this report. In order to provide a reasonable basis for making theserepresentations, management of the District has established a comprehensive internal control frameworkthat is designed to protect the District’s assets from loss, theft or misuse. Additionally, the internal controlframework is designed to compile sufficient reliable information for the preparation of the District’s financialstatements in conformity with GAAP. Because the cost of internal controls should not outweigh theirbenefits, the District’s comprehensive framework of internal controls has been designed to providereasonable assurance rather than absolute assurance that the financial statements will be free frommaterial misstatement. To the best of our knowledge and belief, this financial report is complete andreliable in all material respects.

The financial statements of the District have been audited by Gayle W. Botley & Associates, a firm oflicensed certified public accountants. The goal of the independent audit is to provide reasonableassurance that the financial statements of the District for the year ended August 31, 2009, are free ofmaterial misstatement. The independent audit involves examining, on a test basis, evidence supportingthe amounts and disclosures in the financial statements; assessing the accounting principles used andsignificant estimates made by management; and evaluating the overall financial statement presentation.The independent auditors concluded, based upon the audit, that there was a reasonable basis forrendering an unqualified opinion that the District’s financial statements for the year ended August 31,2009, are fairly presented in conformity with GAAP. The independent auditors’ report is presented as the

first component of the financial section of this report.The independent audit of the financial statement is part of a broader, federally mandated “Single Audit”designed to meet the special need of federal grantor agencies. The standards governing Single Auditengagements require the independent auditor to report not only on the fair presentation of the financialstatements, but also on the audited government’s internal controls and compliance with legalrequirements, with special emphasis on internal controls and legal requirements involving theadministration of federal awards. These reports are available in the District’s separately issued SingleAudit Report.



Board of TrusteesBeaumont Independent School DistrictJanuary 19, 2012

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GAAP require that management provide a narrative introduction, overview, and analysis toaccompany the basic financial statements in the form of Management’s Discussion and Analysis(MD&A). This letter of transmittal is designed to complement MD&A and should be read in

conjunction with it. The District’s MD&A can be found immediately following the report of theindependent auditors.

Profile of the District

The original Beaumont Independent School District was established in 1913 and reached itscurrent configuration through a consolidation of the former Beaumont Independent School Districtand South Park Independent School District on September 1, 1984. Located within the City ofBeaumont and totally in Jefferson County, Texas, it encompasses 153.34 square miles and has apopulation of approximately 113,866 . Residents of the district elect a seven-member Board ofTrustees (the Board), each of whom serves for three years. Monthly meetings of the Board areposted and advertised as prescribed under state law so that the Board may fulfill its charge to thestudents, parents, staff, and taxpayers of the District. Special meetings or work sessions arescheduled as needed. The board has final control over all school matters except as limited by

state law.The Beaumont Independent School District Public Facility Corporation (Corporation) wasorganized as a non-profit corporation under the Public Facility Corporation Act, Article 717s, ofVernon’s Texas Civil Statutes. Articles of Incorporation were adopted on October 21, 1999 withthe Board of Trustees of the District serving as Directors of the Corporation. The Corporation wasformed for the construction of improvements and purchase of necessary land to be leased by theDistrict for use in its operations. Detailed information regarding the Corporation is found in thenotes to the financial statements.

The financial statements of the reporting entity include those of the District, the primarygovernment, and the Corporation, its component unit. All funds of the District are included in thisreport.

The District employs 2,891 persons, with 1,180 classified as professional employees and 1,711classified as support personnel. These employees adequately provide educational services forthe approximately 20,000 students enrolled in the District’s seventeen elementary schools (pre-kindergarten through fifth grade), seven middle schools (sixth through eighth grade), three highschools (ninth through twelfth grade), one career center, and one recovery learning center as adropout recovery campus. All District schools are fully accredited by the Texas EducationAgency.

The District provides a full range of educational services appropriate to the grade levels pre-kindergarten through twelfth grade. In addition to the basic instructional programs, the Districtprovides gifted and talented, bilingual/ESL, special education for handicapped students, remedial,college preparatory, and career and technology programs. These programs are supplemented bya wide variety of offerings in the fine arts, athletics, and other extracurricular programs.

The mission of the District is to guarantee that its graduates possess the necessary skills, valuesand knowledge to compete successfully as productive citizens in a diverse global society throughan educational system characterized by:

• Expectation of success for each person;• Optimum application of technology;• An appreciation of various cultures;• Full involvement of parents, teachers and the community; and• Respect and care for each other.




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Factors Affecting Financial Conditions

Local Economy. The Beaumont Independent School District is located in the City of Beaumont, Texas.Beaumont is the major city in a region with nearly 400,000 residents. Economic development is a majorthrust of the Beaumont Chamber of Commerce as evidenced by expansions of commercial sites, hospitalsand the Port of Beaumont. Interstate highways, rails, a deep-water port and regional airport benefit areabusinesses. Having one of the fastest-growing technical colleges in the State of Texas and an outstandinguniversity adds to the strengths of our region.

Abundant raw materials and a great variety of man-made materials are also available in the Beaumontarea. Along the Texas Gulf Coast, a maze of pipelines delivers feedstock for the manufacture of anunlimited number of products, most of which are hydrocarbons derived from Texas' abundant oil andnatural gas. A healthy agricultural economy includes rice, soybeans, blueberries, crawfish, wheat, corn,grain, sorghum and livestock.

Growth History. The Beaumont Independent School District has maintained a steady enrollment onlyexperiencing slight fluctuations over the last 10 years and is projected to trend upward slightly in the futuredue to new industry relocating to the Beaumont area.

Future Planning. The current method of funding public education in Texas has caused Beaumont ISD tomake key budget adjustments for the 2011-2012 school year. The District’s approach to coping with thechallenges of a restricted funding environment with increasing academic standards has been to ensurethat the budget process is instructionally driven and guided by the Goals of the District. The major budgetpriorities are to provide adequate staff for any fluctuations in student growth and increased accountability;to ensure that quality staff is retained and competitive hiring practices continue by providing competitivesalaries and benefit packages including fully funding employee health insurance coverage; to provideongoing professional development resources; and to provide additional funding for utilities andmaintenance supplies associated with the ongoing implementation of the bond program. The Board andAdministration review the Goals of the District every year, focusing on aligning the allocation of resources,both personnel and financial, with the accomplishment of the goals and objectives. This facilitatesidentification of target areas for both operating cost reductions and increases.

Financial Information. The Beaumont Independent School District’s accounting records reflect generallyaccepted accounting principles as promulgated by the Governmental Accounting Standards Board. This isalso required under state regulations by the Texas Education Agency.

The District’s accounting system is organized and operated on the basis of funds, each of which is aseparate accounting entity with a self-balancing set of accounts.

In developing and evaluating the District’s accounting system, consideration is given to the adequacy of itsinternal control structure. An internal control structure is designed to provide reasonable, but not absolute,

assurance regarding: (1) the safeguarding of assets against loss from unauthorized use or disposition; and(2) the reliability of financial records used for preparing financial statements and accounting for assets.The concept of reasonable assurance recognizes that the cost of an internal control structure should notexceed the benefits to be derived and that these evaluations occur within this framework. Themanagement of the District is convinced that the internal control structure adequately safeguards assetsand provides reasonable assurance of proper recording of financial transactions.




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An encumbrance system maintains budgetary control. As purchase orders are issued, correspondingamounts of appropriations are reserved by the use of encumbrances for later payment so thatappropriations may not be overspent. No substantial amounts that exceed the budget are expended prior

to the Board of Trustees amending the budget.The annual budget serves as the foundation for the District’s financial planning and control. Thebudgeting process for Beaumont Independent School District allows for input from teachers,community leaders, principals, administrators and ancillary personnel. Budget workshops are heldwith the Board of Trustees regularly during the budget process. The budget for 2010-2011 wasformally prepared for adoption for all governmental fund types by August 18, 2010. The Board ofTrustees formally adopted the budget at a duly advertised public meeting prior to the expenditure offunds. The budget was properly amended as required throughout the year.

The District’s administration reviews the budget throughout the year and recommends amendmentsto the Board as necessary. The Board approves amendments to the budget that are required whena change is made to any one of the functional expenditure categories or revenue object accountsdefined by the Texas Education Agency (“TEA”). Expenditures may not legally exceedappropriations, as amended, at the function level, by fund.

Debt Administration. The ratio of net bonded debt to assessed value for the BeaumontIndependent School District is .44 percent. The legal restriction of the State of Texas on netbonded debt is 10% of the assessed value and the District is below that level. All principal andinterest payments are due February 15 and August 15 of each year. On February 1 of each year,outstanding taxes become delinquent, which permits the collection of a large majority of taxeslevied before the long-term debt payments are due.

Cash Management. Using competitive bidding, depository bank services are awarded for a two-year contract period with an option to extend for an additional two years as allowed by TEA. Toachieve an active cash management policy, the following procedures are followed:

1. Investment Strategy:• Demand accounts receive interest based on monthly average balances.• Tax collections are deposited directly to a local government investment pool• District balances in selected accounts are “swept” into overnight investments.

2. Disbursement Strategy:• Vendor payments are scheduled to maximize any discount rates afforded to the

District.• A controlled disbursement account is utilized to pay district payables.• Payroll and benefits accounts are maintained as “zero based” and are funded as

checks are presented for payment.

3. Bank Relationships:• A checking account analysis is prepared and analyzed on a monthly basis to

determine monthly bank charges.• Immediate access to bank balances is available through internet banking.

4. Management Strategy:• Cash forecasting is performed annually based on new revenue projections.• Cash flow is monitored on a daily basis to assure maximum utilization.




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Cash available in excess of cash requirements was invested in the Texas Local GovernmentInvestment Pool, and Lone Star Investment Pool. The District’s investment policy minimizes risk

while maintaining a competitive yield on its portfolio. District deposits were entirely covered byFederal Deposit Insurance Corporation (FDIC) insurance or pledged collateral for the year endedAugust 31, 2011.

Risk Management. The District has an active risk management policy in place. Workers’compensation claims are investigated and appropriate action is taken. The workers’compensation plan is self funded and administered through a third party. The District routinelyreviews all District insurance programs to assess risk exposure and the appropriate level ofcoverage. Various risk control techniques, including employee training are ongoing to reducepotential accident scenarios.

The District's property and casualty insurance is provided by national commercial carriers on a fullyinsured basis.

Major Initiatives and Accomplishments

The 2010-11 structure of the Beaumont Independent School District provided support to accomplish thefollowing results:

• The District issued its final installment of bonds totaling $31.5 million from the $388.6 million bondissue authorized by voters on November 6, 2007.

• The District moved numerous temporary buildings and others added to school operations to allowfor construction work at several sites slated to receive new schools. The district also purchasedland, hired architects and design team, construction managers at risk (CMARs) andsubcontractors. Demolition work was started and various other construction projects were also

jump started in an effort to begin its fourth year of a four year building program.

• The District completed the construction of Blanchette, Charlton-Pollard, Mae Jones Clark, Martin,Price-Fehl, and Regnia-Howell Elementary Schools.

• The District completed additions and renovations at numerous locations throughout the Distrct.

• The District completed construction and opened a third transportation center.

Awards and Acknowledgements

• The Beaumont Independent School District participates in the Certificate of Achievement forExcellence in Financial Reporting Award program sponsored by the Government Finance OfficersAssociation (GFOA). Receiving this prestigious award is the result of achieving the higheststandards in governmental accounting and financial reporting. Fiscal year ended August 31, 2010marked the Fifteenth consecutive year the District received this annual award. We believe that ourfiscal year ended August 31, 2011. CAFR continues to meet the program requirements and aresubmitting it to GFOA for consideration.

• Of Beaumont ISD’s twenty-eight ratable schools the Texas Education Agency rated seven schoolsas exemplary, ten as recognized, and ten as academically acceptable.




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• Business Review USA Magazine named Beaumont ISD to its national list of “Top 10 SchoolDistricts.”

• Beaumont ISD is home to three Blue Ribbon Schools as well as three ACT model schools andone Texas Business Education Coalition Honor Roll School.

• The Houston Chronicle named Beaumont ISD as #23 on the 2011 list of “Top 100 Workplaces.”

• The National League of Cities’ National Black Caucus of Local Elected Officials commendedBeaumont ISD as a national model school district.

The preparation of this report on a timely basis could not have been accomplished without theefficient and dedicated efforts of the entire staff of the Business Office and the Print Shop. We

would like to express our sincere appreciation to the members of these departments who assistedand contributed to the preparation of this report. The Superintendent and Business Office staff ofthe Beaumont Independent School District wishes to express its appreciation to the Board ofTrustees for their concern in providing fiscal accountability to the patrons of the District andthereby its support in the financial management of the District. Finally, we would like to thank theresidents of the district for their support of and belief in our public schools and the principals andteachers who provide the quality of education for which the District is known.

Respectfully submitted,

_____________________________ Dr. Carrol A. Thomas Jr.Superintendent of Schools

_____________________________ Robert ZinglemannChief Business Officer

_____________________________ Devin McCraneyDirector of Finance



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BEAUMONT INDEPENDENT SCHOOL DISTRICTBeaumont, Texas

Board of Trustees

Woodrow Reece, President

Janice Brassard, Vice President

Terry D. Williams, Secretary

Zenobia Bush, Member

Gwen Ambres, Member

Mike Neil, Member

Tom B. Nield Sr., Member

Dr. Carrol A. ThomasSuperintendent of Schools

Dr. David Harris

Assistant Superintendent for Secondary Schools

Dr. Shirley BontonDeputy Superintendent for Elementary Schools

Phillip BrooksAssistant Superintendent for Administration

Dr. Timothy ChargoisAssistant Superintendent for Research, Evaluation & Planning

Robert ZingelmannChief Business Officer

Sybil ComeauxExecutive Director of Personnel

Jessie HaynesSpecial Assistant to Superintendent/Communications



CERTIFICATE OF BOARD

Beaumont Independent School District JeffersonName of School District County

We, the undersigned, certify that the attached annual financial reports of the above named

school district was reviewed and _____ approved _____ disapproved for the year ended

August 31, 2011 at a meeting of the board of school trustees of such school district on the

__19_ day of January, 2012.

Terry D. Williams, Secretary Woodrow Reece, President

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Board of Trustees Auditor

Beaumont Independent School District Organization Chart

Attorney

DEICDistrict Educationalprovement Committee

Safety & EnergyMgt. Coordinator

Director of Food Services

SecondarySchools & Alternative

School Principals Principal of Head Start

ElementaryPrincipals

Director of Career Technology

Director of AthleticsP.E. & Health Ed.

Coordinator of Drivers Ed.

Director of Adult &Community Ed.

Director - InformationServices & Technology

Director Performance Mgt.

CurriculumSupervisors

Director of Title I

Updated 8-12-11

SuperintendentDr. Carrol A. Thomas

In Quest of Excellence

Coordinator of Guidance &

Drug-Free Schools

LibrarianCoordinator

Chief BusinessOf cer

Assistant Superintendentfor Administration

Chief of Police

Director of Health Services

Director of Transportation

Special Assistant for Communications

Deputy Superintendentfor Curriculum, Instruction &Elementary Administration

ExecutiveDirector - Personnel

Asst. SuperintendentResearch & Evaluation

Executive Director Special Education

Reprographic Systems/Printing Operations

Special Ed.Supervisors

Diagnosticians

Media Center

Graphic Arts/Desktop Publishing

CommunicationsSpecialist

Volunteer Program/Education Partnerships

PersonnelInventory

Certi cations

Comptroller

Assistant Director for Finance & Purchasing

Payroll Supervisor

Cabinet Members

Systems Manager -Business & Personnel

Supervising Manager of Business Support Services

Budget Supervisor

Director of Staff Development

Director of Student Services

Asst. SuperintendentSecondary Schools

Organizational Chart

Director of Finance

Asst. Director of Facilities

Asst. Director of AthleticsP.E. & Health Ed.

Director of Facilities



FINANCIAL SECTION



BEAUMONT INDEPENDENT SCHOOL DISTRICTMANAGEMENT’S DISCUSSION AND ANALYSISAUGUST 31, 2011

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In this section of the Comprehensive Annual Financial Report, we, the managers of the BeaumontIndependent School District (the District), discuss and analyze the District’s financial performance for the fiscalyear ended August 31, 2011. We encourage readers to consider the information presented here inconjunction with our transmittal letter on page 3, the independent auditors' report on page 13, and theDistrict's Basic Financial Statements that begin on page 26.

FINANCIAL HIGHLIGHTS

• The District’s assets exceeded its liabilities at the close of the most recent period by $215,888,496(net assets). Of this amount, $30,491,143 (unrestricted net assets) may be used to meet theDistrict’s ongoing obligations.

• The District’s total net assets increased by $76,284,745. See table II on page 19.

• At August 31, 2011, the District’s governmental funds reported combined ending fund balances of$153,490,133 a decrease of $122,125,056 or 55.69% from the prior year restated balance.

• At August 31, 2011, $40,566,216 or 23.6% of total General Fund expenditures is available for

spending at the government’s discretion ( unreserved, undesignated fund balance) .

OVERVIEW OF THE FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as an introduction to the District’s basic financialstatements. The District’s basic financial statements include of three components: (1) government-widefinancial statements, (2) fund financial statements, and (3) notes to the financial statements.

This report also contains certain required supplementary information, which includes this management’sdiscussion and analysis.

Government-wide Financial Statements . The government-wide financial statements are designed to

provide readers with a broad overview of the District’s finances, in a manner similar to a private-sectorbusiness. They include the Statement of Net Assets and the Statement of Activities that provideinformation about the activities of the District as a whole and present a longer-term view of the District'sproperty and debt obligations and other financial matters. They reflect the flow of total economic resourcesin a manner similar to the financial reports of a business enterprise.

The S tatement of Net Assets presents information on all of the District’s assets and liabilities, with thedifference between the two reported as net assets. Over time, increases or decreases in net assets mayserve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The Statement of Activities presents information showing how the government’s net assets changed duringthe current fiscal year. All changes in net assets are reported for all of the current year’s revenues andexpenses regardless of when cash is received or paid. Thus, revenue and expenses are reported in thisstatement for some items that will only result in cash flows in future fiscal periods.

Both of the District’s government-wide financial statements distinguish the functions of the District as beingprincipally supported by taxes and intergovernmental revenues (governmental activities) as opposed tobusiness-type activities that are intended to recover all or a significant portion of their costs through user feesand charges. The District has no business-type activities but includes one blended component unit for whichit is financially accountable. The government-wide financial statements can be found on pages 26 -27 of thisreport.




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Fund Financial Statements . A fund is a grouping of related accounts that is used to maintain control overresources that have been segregated for specific activities or objects. The District, like other state and localgovernments, uses fund accounting to ensure and demonstrate compliance with finance-relatedrequirements. The fund financial statements provide detailed information about the District’s most significantfunds, not the District as a whole.

All of the funds of the district can be divided into three categories: governmental funds, proprietary funds, andfiduciary funds.

• Governmental Funds . Governmental funds are used to account for essentially the samefunctions reported as governmental activities in the government-wide financial statements.However, unlike the government-wide financial statements, governmental fund financialstatements focus on near-term inflows and outflows of spendable resources, as well as onbalances available at end of each fiscal year.

Because the focus of governmental funds is narrower than that of the government-wide financialstatements, it is useful to compare the information presented for governmental funds with similarinformation presented for governmental activities in the government-wide financial statements. By

doing so, readers may better understand the long-term effort of the government’s near-term effortof the government’s near-term financing decisions. Both the governmental funds balance sheetand the governmental funds statement of revenues, expenditures, and changes in fund balancesprovide a reconciliation to facilitate this comparison between governmental funds andgovernmental activities.

The District maintains several individual governmental funds organized according to their type(special revenue, debt service, and capital projects). Information is presented separately in thegovernmental funds balance sheet and in the governmental funds statement of revenues,expenditures and changes in fund balances for the District’s most significant funds. The District’smajor governmental funds are the General Fund and Local Capital Projects Fund. Data for theremaining governmental funds are combined into a single, aggregated presentation. Individualfund data for each of the non-major governmental funds is provided in the form of combiningstatements elsewhere in this report.

The District adopts an annual appropriated budget for its General Fund. A budgetary comparisonstatement has been provided for the General Fund to demonstrate compliance with this budget.The Texas Education Agency also requires the District to present a budgetary comparisonstatement for one of its special revenue funds (food service) and the debt service fund.

• Proprietary Funds. Proprietary funds reported by the District are generally used to account forservices for which the District charges its employees or internal units. The District maintainsInternal Service funds to accumulate and allocate costs internally among the District’s variousfunctions. The District used internal service funds to account for its self-insurance program forworkers’ compensation, and the District’s program for providing employee health insurancebenefits. The activities and balances of these funds have been included with governmentalactivities in the government-wide financial statements.

• Fiduciary Funds. The District is the trustee, or fiduciary, for money raised by student activities andalumnae scholarship programs. All of the District's fiduciary activities are reported in separateStatements of Fiduciary Net Assets and Changes in Fiduciary Net Assets on pages 36 - 37. Weexclude these resources from the District's other financial statements because the District cannotuse these assets to finance its operations. The District is only responsible for ensuring that theassets reported in these funds are used for their intended purposes.

Notes to the Financial Statements. The notes provide additional information that is essential to a completeunderstanding of the data provided in the government-wide and fund financial statements. The notes to thefinancial statements can be found on pages 38 - 57 of this report.




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Required Supplementary Information. In addition to the basic financial statements and accompanyingnotes, this report also presents certain required supplementary information that further explains andsupports the information in the financial statements. Required supplementary information can be found onpages 59 - 60 of this report.

Combining Statements. The combining statements for non-major governmental funds containinformation about the District’s individual funds. Combining and individual fund statements and schedulesare presented on pages 68 - 95 of this report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

Our analysis focuses on the Net Assets (Table I) and Changes in Net Assets (Table II) of the District’sgovernmental activities.

As noted earlier, net assets may serve as a useful indicator of a government’s financial position. Table I isa condensed version of the District’s Statement of Net Assets and reports that assets exceeded liabilitiesby approximately $151.3 million at the close of the fiscal year ended August 31, 2011, which was aincrease of $74.0 million. The largest portion of the District’s net assets (35% or $75.36 million) representsresources that are subject to external constraints (example: constraints imposed by creditors, grantors orby law.) An additional portion of the District’s net assets (51% or $110.0 million) reflects its investment incapital assets (primarily school facilities and related furniture and fixtures and equipment), net ofoutstanding debt used to acquire or construct capital assets. Unrestricted net assets (14% or $30.4 million)can be used to meet the District’s ongoing obligations to creditors and to provide programs to its students.

Net assets of the District’s governmental activities for the current year increased $74,076,434. This is anindication that the government’s overall financial position has increased. Beginning net assets were$139.6 million. Ending net assets for the year were $151.3 million. Exhibit B-2R details the reasons for theincrease in net assets.

August 31,2011 August 31,2010

Current and Other Assets 177,278,428$ 303,846,129$Capital Assets 419,225,211 261,960,730Total Assets 596,503,639 565,806,859

Long-term debtPrincipal 423,223,005 399,588,519Accreted Interest 1,728,623 1,629,639

Other Liabilities 20,202,514 24,984,950Total Liabilities 445,154,142 426,203,108

Net Assets:Invested in Capital Assets, Netof Related Debt 47,704,300 34,181,927Assigned 75,362,365 76,964,232Unassigned 28,282,832 28,457,592Total Net Assets 151,349,497$ 139,603,751$




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Governmental Activities.

Governmental activities increased the District’s net assets by $74,076,434 for the current year.

• Property tax revenue increased by approximately $4.8 million during the year due to an increase

in property tax values.• Revenues from Operating Grants and Contributions decreased approximately $2.4 million due to a

decrease in grant funding.

• Miscellaneous Local and Intermediate saw the most significant increase of approximately$115,365.631 due to an increase in value of the Foreign Trade Zone, along with the proceedsfrom the settlement of a law suit related to hurricane losses.

• The total cost of all governmental activities this year was $365,584,670 significantly more than theprior year by $40,932,641.

• Instruction and Instructional support expenses increased by $1,769,409 between the 2010-2011

fiscal year and 2009-2010 fiscal year which represents an 1.5 percent increase.• Plant maintenance and operations increased $37,823,603 as a result of numerous construction

and capital outlay projects taking place around the district.

• Student Pupil Transportation increased $1,813,169 due to the increase of fuel cost for additionaltransportation for the after school tutorial program ACE, along with the expansion of other afterschool tutorial and enrichment programs through the district which allows for the transport ofparticipates from their home school campus to the tutorial program site and from the site to theirindividual homes each day

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Key elements of the governmental activities of the District are reflected in the following table.

August 31,2011 August 31,2010Revenues:

Program Revenues:Charges for Services 13,172,542$ 5,964,291$Operating Grants and Contributions 52,003,974 54,479,701

General Revenues:Maintenance and Operations Taxes 91,237,253 90,837,563 Debt Service Taxes 23,847,140 19,400,000 State Aid - Formula Grants

Grants and Contributions - Not Restricted toSpecific Functions 40,579,973 46,537,431

Investment Earnings 463,188 903,170 Miscellaneous 218,357,034 102,991,403

Total Revenue 439,661,104 321,113,559

Expenses:

Instruction 112,860,852 111,752,028 Instructional Resources and Media Services 2,798,831 2,138,246 Curriculum/Instructional Development 2,212,411 1,908,921 Instructional Leadership 5,635,824 5,120,505 School Leadership 10,784,759 10,198,627 Guidance and Counseling Services 5,135,076 4,552,286 Social Work Services 916,205 773,993 Health Services 2,008,140 1,919,799 Student (Pupil) Transportation 11,301,735 9,488,566

Food Services 11,302,793 10,759,322 Cocurricular/Extracurricular Activities 4,488,196 4,289,662 General Administration 12,200,086 6,683,933 Plant Maintenance and Operations 170,790,004 132,966,401 Security and Monitoring Services 2,553,114 2,321,161 Data Processing Services 1,595,652 1,313,045 Community Services 1,524,411 1,502,498 Debt Services - Interest on Long Term Debt 6,730,000 16,193,121 Debt Services - Bond Issuance Cost & Fees 405,557 459,134 Facilities Acquisition and Construction - - Shared Service Arrangement/Deaf Program 157,274 127,031 Juvenile Justice Alternative Education 183,750 183,750

Total Expenses 365,584,670 324,652,029

Decrease in Net Assets 11,745,746 (3,538,470) Net Assets - September 1 (Beginning) 139,603,751 139,977,031 Prior Period Adjustment - 3,165,190 Net Assets - September 1 (Restated) 139,603,751 143,142,221 Net Assets - August 31 (Ending) 151,349,497$ 139,603,751$

Table IIBeaumont Independent School DistrictChanges in Net Assets




20

Key elements of the District’s governmental activities are further illustrated in the following charts:

Other support services include security and monitoring services and data processing services. Otherincludes community services, debt service interest and fees, shared service arrangements, juvenile justicealternative education and depreciation expense.

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

Thousands

Comparison of Expenditures - Current to Prior Year

2009-2010 2010-2011




21

FINANCIAL ANALYSIS OF THE DISTRICT’S FUNDS

As noted earlier, the District uses fund accounting to ensure and demonstrate compliance with finance-related requirements.

Governmental Funds. The focus of the District’s governmental funds is to provide information on nearterm inflows, outflows, and balances of dependable resources. Such information is useful in assessing theDistrict’s financing requirements. In particular, unreserved fund balance may serve as a useful measure ofthe District’s net resources available for spending at the end of the fiscal year.

As the District completed the year, its governmental funds (as presented in the balance sheet on page 28reported a combined fund balance of $151,275,148 a decrease of $124,351,538 from the prior year. Ofthis total $40,565,239 represents unassigned resources available for spending at the District’s discretionand $10,286,970 for capital projects. Resources designated for other purposes total $1,750,000. Theremainder of the fund balances are assigned to indicate that they are not available for new spendingbecause they have already been committed (1) to liquidate contracts and purchase orders of the priorperiod ($3,740,086), (2) to liquidate the related expenditures that will be recognized when inventories areeventually consumed, ($513,745), (3) to make debt service payments, ($2,189,790), (4) for food service,($1,145,873) (5) for prepaid items, ($2,619,411). Please reference Exhibit B-1.

The General Fund is the primary operating fund of the District. At the end of the current fiscal year, theunassigned fund balance of the General Fund was $40,565,239, while the total fund balance of theGeneral Fund was $45,759,664. As a measure of the General Fund’s liquidity, it may be useful tocompare the unreserved fund balance to total General Fund expenditures. Unassigned fund balancerepresents 24% of total General Fund expenditures of $171,462,554. Total fund balance represents 27%of that same amount.

0

50,000

100,000

150,000

200,000

250,000

Thousands

Comparison of Revenues by Source ‐ Current to Prior Year

2010 ‐2011 2009 ‐2010




22

The Debt Service fund has a total fund balance of $2,186,610 all of which is reserved for the payment ofdebt service. The net decrease in the debt service fund balance during the current year of $815,233 wasprimarily attributable to decreased earnings along with increased Debt Service cost .

The capital projects fund has a total fund balance of $101,989,736 all of which is reserved for authorized

constructions projects because of resources made available in the Capital Project Fund along with bondproceeds. This fund decreased by approximately $125,061,372 due to the construction of 6 new schoolsand several new parking lots, classroom additions and various other construction projects throughout thedistrict.

Proprietary Funds. As of August 31, 2011, the unrestricted net assets for the internal service funds,which are used to account for certain governmental activities were $620,809. The net change in assets ofthe fund is eliminated and allocated to governmental expenses in the government-wide financialstatements.

Fiduciary Funds. The District reports fiduciary fund activity for Private Purpose Trust Funds(scholarships) and Agency Funds (student activity). Changes to these funds were immaterial for the fiscalyear.

GENERAL FUND BUDGETARY HIGHLIGHTS

Over the course of the year, the District recommended and the Board approved several revisions tobudgeted revenue and expenditures. These amendments fall into the following categories:

• Amendments approved shortly after the beginning of the new fiscal year for amounts reserved anddesignated in the prior year

• Amendments in early and late spring to revise estimates for local and state revenue based on thelatest information on student attendance numbers and tax collections

• Amendments throughout the year for transfers to and from other funds and federal indirect costcalculations

• Amendments during the year for unexpected occurrences

Significant differences between the original budget and the final amended budget of the General Fund canbe briefly summarized as follows:

Budgeted revenue:

• $12,380,782 increase in local revenues due to insurance proceeds from Hurricane Ike, along withan increase in the Foreign Trade Zone Value

• 4,505,250 in state revenue due to increase in enrollment

Budgeted expenditures:

• $2,389,657 decrease in instruction cost due to the closing/combining of several schools.

• $4,556,950 increase in student (pupil) transportation cost due the refurbishing of several buses,increase in fuel cost, an increase in student enrollment, along with the addition of the after schooltutorial program ACE and the expansion of other after school programs.

• $5,469,179 increase in plant maintenance and operations due to the acquisition of land along withnumerous capital improvements throughout the district.

Reallocations within budgets to reflect campus plan updates and changes in needs .




23

CAPITAL ASSET AND LONG-TERM DEBT ACTIVITY

Capital Assets . At August 31, 2011, the District had $419.2 million (net of depreciation) invested in abroad range of capital assets, including land, buildings, furniture and equipment used for instruction,transportation, athletics, administration, and maintenance.

August 31, 2011 August 31, 2010Land 13,317,689 13,196,524 Construction in Progress 60,226,129 82,596,079 Building and Improvements 388,085,522 219,554,979 Furniture and Equipment 30,761,201 27,715,426 Totals at Historical Costs 492,390,541 343,063,008

Less Accumulated Depreciation:Buildings and Improvements (62,309,685) (71,030,800) Furniture and Equipment (10,855,645) (10,071,478) Total Accumulated Depreciation (73,165,330) (81,102,278)

Net Capital Assets 419,225,211 261,960,730

Beaumont Independent School DistrictCapital Assets

Governmental Activities

Major capital assets events during the current fiscal year include the following:

• The District completed the construction of Blanchette, Charlton-Pollard, Mae Jones Clark, Martin,Price-Fehl, and Regina-Howell Elementary Schools.

• The District completed additions and renovations at numerous locations throughout the District.

• The District completed construction and opened a third transportation center.

For government-wide financial statement presentation, all depreciable capital assets were depreciatedfrom acquisition date to August 31, 2011. Fund financial statements record capital asset purchases asexpenditures. See Notes 1 and 4 in the Notes to the Financial Statements for further informationregarding capital assets.

Long-Term Debt. At year-end, the District had $414,725,000 in bonds and tax notes outstanding. Of thisamount, $410,115,000 is general obligation bonds backed by the full faith of the State of Texas PermanentSchool fund, and $4,610,000 in lease revenue bonds backed by the general revenue of the District.

The District's general obligation bond rating is very favorable with a Standard & Poor’s rating of “AAA” anda Moody’s Investor Services rating of “Aaa”.

The District has no authorized, unissued bonds.

More detailed information about the District's long-term liabilities is presented in Note 7 to the financialstatements.




24

August 31, 2011 August 31, 2010Governmental activities:

Bonds Payable:

General obligations bonds 410,115,000$ 384,745,000$

Accumulated accretion 1,728,623 1,629,639 Less deferred amounts:

On refunding (1,099,624) (1,099,624) Lease Revenue Bonds 4,610,000 5,610,000

Total bonds payable 415,353,999 390,885,015 Compensated absences 7,615,000 8,703,504

Total 422,968,999$ 399,588,519$

Beaumont Independent School DistrictOutstanding Debt

ECONOMIC FACTORS AND NEW YEAR’S BUDGETS AND RATES

The District's elected officials considered many factors when adopting the fiscal year 2011 budgets andtax rates. Of primary concern was their desire to adopt a balanced budget for the General Fund. Generaland specific factors affecting the Board’s budgeting decisions included:

• Unemployment in the area is 8.5%, which compares un-favorably to the State’s averageunemployment rate of 8.1 %.

• The District’s enrollment is expected to remain stable.• The District’s student attendance rate is expected to remain stable at 95.10%.• The taxable assessed value increased by $188.9 million or 2% from the prior year.• The District has estimated revenues and other sources of $162,303,438 and appropriated

expenditures and other uses of $162,303,438 representing a balanced budget.

CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors witha general overview of the District’s finances as well as demonstrate accountability for funds the Districtreceives. Questions concerning any of the information provided in this report or requests for additionalinformation should be addressed to the Office of the Chief Business Officer, Beaumont I.S.D., 3395Harrison, Beaumont, Texas 77706-5009.



BASIC FINANCIAL STATEMENTS



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT A-1STATEMENT OF NET ASSETSAUGUST 31, 2011

Data Primary GovernmentControl GovernmentalCodes Activities

Assets

1110 Cash and Cash Equivalents 142,083,822$1220 Property Taxes Receivable (Delinquent) 10,264,895 1230 Allowance for Uncollectible Taxes (4,205,621) 1240 Due from Other Governments 10,333,912 1290 Other Receivables, Net 15,308,363 1310 Inventories - Supplies and Materials 513,745 1420 Capital Bond and Other Debt Issuance Costs 155,025 1490 Other Current Assets 2,824,287

Capital Assets (Net of AccumulatedDepreciation):

1510 Land 13,317,689 1520 Buildings and Improvements 325,775,837 1530 Furniture and Equipment 19,905,557 1580 Construction In Progress 60,226,128

1000 Total Assets 596,503,639

Liabilities

2110 Accounts Payable and Accrued Expenses 7,336,759 , ,

2150 Payroll Deductions and Withholdings Payable 2,353,453 2160 Accrued Wages Payable 9,546,664 2170 Due to Other Funds 136,189

2180 Due to Other Governments 544,712 2200 Accrued Expenses 27,670 2300 Unearned Revenues 257,067

Long Term Liabilities: - 2501 Due Within One Year 7,615,000 2502 Due in More Than One Year 415,608,005

2000 Total Liabilities 445,154,142

Net Assets

3800 Invested in Capital Assets, Net of Related Debt 47,704,300 3850 Restricted for Debt Service 2,189,790 3860 Restricted for Capital Projects 73,172,575 3900 Unrestricted Net Assets 28,282,832

3000 Total Net Assets 151,349,497$

The notes to the financial statements are an integral part of this statement.

26



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT A-2STATEMENT OF ACTIVITIESFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Net (Expense)Revenue andChanges inNet Assets

Data Charges OperatingControl for Grants and GovernmentalCodes Expenses Services Contributions Activities

Governmental Activities0011 Instruction 112,860,852$ 790,353$ 29,632,312$ (82,438,187)$0012 Instructional Resources & Media Services 2,798,831 - 649,292 (2,149,539) 0013 Curriculum/Instructional Development 2,212,411 - 1,385,171 (827,240) 0021 Instructional Leadership 5,635,824 - 3,412,422 (2,223,402) 0023 School Leadership 10,784,759 - 902,298 (9,882,461) 0031 Guidance and Counseling Services 5,135,076 - 1,200,261 (3,934,815) 0032 Social Work Services 916,205 - 325,904 (590,301) 0033 Health Services 2,008,140 - 271,070 (1,737,070) 0034 Student (Pupil) Transportation 11,301,735 - 308,887 (10,992,848)

0035 Food Services 11,302,793 2,371,058 11,039,348 2,107,613 0036 Cocurricular/Extracurricular Activities 4,488,196 395,176 214,880 (3,878,140) 0041 General Administration 12,200,086 - 233,955 (11,966,131) 0051 Plant Maintenance and Operations 170,790,004 7,640,074 780,193 (162,369,737) 0052 Security and Monitoring Services 2,553,114 - 148,121 (2,404,993) 0053 Data Processing Services 1,595,652 - 128,732 (1,466,920) 0061 Community Services 1,524,411 1,975,881 1,371,128 1,822,598 0072 Debt Service - Interest on Long Term Debt 6,730,000 - - (6,730,000) 0073 Debt Service - Bond Issuance Cost & Fees 405,557 - (405,557) 0093 Shared Service Arran ements/Local Deaf 157 274 - - 157 274

Program Revenues

, , 0095 Juvenile Justice Alternative Education 183,750 - - (183,750)

TP Total Primary Government: 365,584,670$ 13,172,542$ 52,003,974$ (300,408,154)$

Data

Control General Revenues:

Codes Taxes:

MT Property Taxes, levied for general purposes 91,237,253

DT Property Taxes, levied for debt service 23,847,140

GC Grants and Contributions not restricted 40,579,973

IE Investment Earnings 463,188

MI Miscellaneous Local and Intermediate 156,026,346

TR Total General Revenues 312,153,900

CN Change in Net Assets 11,745,746

NB Net Assets - September 1 (Beginning) 139,603,751 PA Prior Period Adjustment -

NB Net Assets - September 1 (Restated) 139,603,751

NE Net Assets - August 31 (Ending) 151,349,497$


27



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT B-1BALANCE SHEET GOVERNMENTAL FUNDSAUGUST 31, 2011

10 60 60 TotalData General Major Local Major Capital Other Governmental

Control Fund Capital Projects Project Bond Funds FundsCodes Assets 1110 Cash and Temporary Investments (market) 28,236,483$ 6,829,280$ 97,062,395$ 3,743,159$ 135,871,316$1220 Property Taxes - Delinquent 8,149,300 - 2,115,595 10,264,895 1230 Allowance for Uncollectible Taxes (credit) (4,022,381) - - (183,240) (4,205,621) 1240 Due from Other Governments 1,997,872 - - 8,336,040 10,333,912 1260 Due from Other Funds 6,359,475 - - 136,189 6,495,664 1290 Other Receivables 15,295,425 - - 12,938 15,308,363 1310 Inventories, at Cost 331,976 - - 181,769 513,745 1490 Other Current Assets 2,362,586 - - - 2,362,586

1000 Total Assets 58,710,735$ 6,829,280$ 97,062,395$ 14,342,450$ 176,944,860$

Liabilities

2110 Accounts Payable 777,050$ 490,415$ 1,403,524$ 836,921$ 3,507,911$2150 Payroll Deduction and Withholdings Payable 2,353,051 - - 402 2,353,453 2160 Accrued Wages Payable 7,907,038 - - 1,639,626 9,546,664

2170 Due to Other Funds 136,189 - - 6,359,474 6,495,663 2180 Due to State 164,418 - - 380,294 544,712 2190 Due to Student Groups 10,212 - - - 10,212 2200 Accrued Expenditures 27,670 - - - 27,670 2300 Deferred Revenues 1,583,443 - - 1,608,301 3,191,744

2000 Total Liabilities 12,959,072$ 490,415$ 1,403,524$ 10,825,018$ 25,678,029$

Fund Balance Nonspendable:

3410 Investments in Inventory 331,976$ -$ -$ 181,769$ 513,745$Restricted for:

3420 Retirement of Long-Term Debt - - - 2,189,789 2,189,789 3430 Prepaid Items 2,619,411 - - - 2,619,411 3440 Outstanding Encumbrances 493,038 3,247,047 - 3,740,086

3450 Food Service - - - 1,145,873 1,145,873 Committed to:3590 General Fund Designated for Other Purposes 1,750,000 - 88,455,718 - 90,205,718

Unassigned to:3600 General Fund 40,565,239 - - 318 40,565,557 3620 Reported in Capital Projects Fund - 3,091,818 7,203,152 - 10,294,970

3000 Total Fund Balance 45,759,664$ 6,338,865$ 95,658,871$ 3,517,749$ 151,275,148$

4000 Total Liabilities and Fund Balance 58,718,735$ 6,829,280$ 97,062,395$ 14,342,767$ 176,953,177$


28



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT B-1RRECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THESTATEMENT OF NET ASSETSFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Total Fund Balances - Governmental Funds 151,263,651$

620,809

137,630,789

Current year capital outlays of $160,440,247 net of retirement and long-term debt principal payments incapital assets and increases in capital assets and reductions in long-term debt in the government-widefinancial statements. The District dold new debt in the amount of $31,500,000. Long term liabilitiesrelated to vaction and sick leave were adjusted to reflect the net change accrued during the year.Amoritization of bond premium of $136,172 increased net assets. Decreases in net assets occurred dueto amortization of capitalized bond and debt issuance costs of ($179,158) Additionally, net assetsdecreased due to the disposal of assets and related accumulated depreciation for a net total of($104,274,301) issued and changes in other long term liabilities is to (decrease) net assets.

87,622,960

The 2011 depreciation expense increases accumulated depreciation.The net effect of the current year'sdepreciation is to decrease net assets.

(8,620,317)

Various other reclassificationsand eliminationsare necessary to convert from the modified accrual basisof accountin to accrual basis of accounting. These include recognizing deferred revenue of $1,205,653as revenue, eliminating interfund transactions, recognizing the liabilities associated with maturing long-term debt and interest of $34,741,070. The net effect of these reclassifications and recognitions is todecrease net assets

(217,168,395)

Net Assets of Governmental Activities 151,349,497$


The District uses internal service funds to charge the costs of certain activities, such as self-insurance,toappropriate function in other funds. The assets and liabilities of the internal service funds are included ingovernmental activities in the statement of net assets. The net effect of this consolidation is to increasenet assets

Capital assets used in governmental activities are not financial resources and therefore are not reportedin governmental funds. The net effect of capital assets net of (accumulated depreciation) which includesthe cost of the beginning of the year assets, the cost of these assets was $343,063,008 and theaccumulated depreciation was ($81,102,278). In addition, long-term liablities, including bonds payable,are not due and payable in the current period, and, therefore are not reported as liablities in the funds.The total debt outstanding as of the beginning of the year was $399,588,519. The net effect of includingthe beginning balances for capital assets (net of depreciation) and long-term debt in the governmentalactivities is to increase net assets.

29



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT B-STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCEGOVERNMENTAL FUNDSFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Data 10 60 60 TotalControl General Major Local Major Capital Other GovernmentalCodes Fund Capital Projects Project Bond Funds Funds

Revenues 5700 Local Sources 108,556,583$ -$ 384,707$ 26,983,749$ 135,925,04$

5800 State Program Revenues 67,466,886 - - 5,391,015 72,857,90 5900 Federal Program Revenues 1,957,917 - - 37,397,809 39,355,72 5020 Total Revenues 177,981,386 - 384,707 69,772,573 248,138,66

Expenditures

0011 Instruction 87,712,955 - - 25,596,600 113,309,55 0012 Instructional Resources and Media Services 2,256,020 - - 543,159 2,799,17 0013 Curriculum and Instructional Development 802,978 - - 1,409,433 2,212,41 0021 Instructional Leadership 2,307,630 - - 3,337,542 5,645,17 0023 School Leadership 10,434,958 - - 377,845 10,812,80 0031 Guidance and Counseling Services 4,163,252 - - 981,172 5,144,42 0032 Social Work Services 603,676 - - 312,529 916,20 0033 Health Services 1,839,060 - - 178,428 2,017,48 0034 Student (Pupil) Transportation 11,413,911 - - - 11,413,91

0035 Food Services 48,904 - - 11,253,889 11,302,79 0036 Cocurricular/Extracurricular Activities 4,437,573 - - 134,755 4,572,32 0041 General Administration 12,168,271 - - 41,163 12,209,43 0051 Plant Maintenance and Operations 28,143,308 - 1,832,888 187,470 30,163,66 0052 Security and Monitoring Services 2,519,579 - - 52,231 2,571,81 0053 Data Processing Services 1,532,877 - - 72,123 1,605,00 0061 Community Services 167,010 - - 1,366,749 1,533,75

Debt Service0071 Debt Service - Principal on long-term debt - - - 6,730,000 6,730,00 0072 Debt Service - Interest on long-term debt - - - 19,636,298 19,636,29 0073 Debt Service - Bond Issuance Cost and Fees - - - (202,771) (202,77

Capital Outlay0081 Facilities Acquisition and Construction 569,568 7,643,022 152,227,657 - 160,440,24

Intergovernmental0093 Shared Service Arrangement/Deaf Program 157,274 - - - 157,27 0095 Juvenile Justice Alternative Education 183,750 - - - 183,75

6030 Total Expenditures 171,462,554 7,643,022 154,060,545 72,008,615 405,174,73 1100 Excess (Deficiency) of Revenues Over (Under)

Expenditures 6,518,832 (7,643,022) (153,675,838) (2,236,042) (157,036,07

Other Financing Sources (Uses):7911 Sale of Bonds - - 31,500,000 - 31,500,00 7915 Transfers In - 3,765,675 - 1,348,580 5,114,25 7916 Premium or Discount on Bonds - - 1,080,000 - 1,080,00 7917 Prepaid Interest - - - 98,984 98,98 7949 Other Resources - Insurance Proceeds 17,045 - - - 17,04 8911 Transfers Out (5,034,067) (80,188) - - (5,114,25 8949 Other Uses - Payment to Refunded Bond - - - - -

7080 Total Other Financing Sources (Uses) (5,017,022) 3,685,487 32,580,000 1,447,564 32,696,02

1200 Net Change in Fund Balances 1,501,810 (3,957,535) (121,095,838) (788,478) (124,340,04

0100 Fund Balance - September 1 (Beginning) 44,257,854 10,296,399 216,754,709 4,306,227 275,615,18

3000 Fund Balance - August 31 (Ending) 45,759,664$ 6,338,864$ 95,658,871$ 3,517,749$ 151,275,14$


30



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT B-2RRECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES,EXPENDITURES, AND CHANGES IN FUND BALANCES TO THE STATEMENT OF ACTIVITIESFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Total Net Change in Fund Balances - Governmental Funds (122,044,870)$

(934,798)

87,622,960

(8,620,317)

Various other reclassifications and eliminations are necessary to convert from the modifiedaccrual basis of accounting to accrual basis of accounting. These include decreasing currentyear revenueby ($42,552,207) eliminatinginterfundtransactions,and recognizing the liabilitiesassociated with interest accrued on long-term debt ($780,037). The net effect of thesereclassifications and recognitions is to increase net assets 120,261,770

Change in Net Assets of Governmental Activities 76,284,745$


The District uses internal service funds to charge the costs of certain activities, such as selfinsuranceand printing, to appropriate functions in other funds. The net income (loss) of internalservice funds is reported with governmental activities. The net effect of this consolidation is todecrease net assets.

Depreciation is not recognized as an expense in governmental funds since it does not requirethe use of current financial resources. The net effect of the current year's depreciation is todecrease net assets

Current year captial outlays of $160,440,247 net of retirement and long-term debt principalpayments of $19,636,298 are expedituresin the fund financial statements, but they should beshown as increases in capital assets and reductions in long-term debt in the government-widefinancial statements. The District sold new debt in the amount of $31,500,000. Long termliablities related to vacation and sick leave were adjusted to reflect the net change accured

during the year. Amoritization of bond premium of $136,172 increased net assets. Decreasesin net assets occurred due to amoritization of capitalized bond and debt issuance costs of($179,158) Additionally, net assets decreased due to the disposal of assets and relatedaccumulated deprecitation for a net total of ($104,274,301). The net effect of including the2010 capital outlays and debt principal payments along with new debt issued and changes inother long term liablities is to (decrease) net assets.

31



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT C-1STATEMENT OF NET ASSETSINTERNAL SERVICE FUNDSAUGUST 31, 2011

Data InternalControl ServiceCodes Funds

AssetsCurrent Assets:

1110 Cash and Cash Equivalents 4,009,362$1490 Other Assets 461,701

Total Current Assets 4,471,063

Total Assets 4,471,063

Liabilities

Current Liabilities:

2110 Accounts Payable 3,844,848 2150 Payroll Liabilities Payable 5,445 2171 Due to General Fund -

Total Current Liabilities 3,850,293

Total Liabilities 3,850,293

Net Assets

3900 Unrestricted Net Assets 620,770

Total Net Assets 620,770$


32



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT C-2STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETSINTERNAL SERVICE FUNDSFOR THE YEAR FISCAL ENDED AUGUST 31, 2011

InternalServiceFunds

Operating Revenues Local and Intermediate Sources 1,300,831$

Total Operating Revenues 1,300,831

Operating ExpensesInsurance Claims and Expenses 2,243,663

Total Operating Expenses 2,243,663

Operating Income (942,832)

Nonoperating Revenues (Expenses)Interest Earnings 8,034

Total Nonoperating Revenue (Expense) 8,034

Transfers Out -

Change in Net Assets (934,798)

Total Net Assets - September 1 (Beginning) 1,555,607

Total Net Assets - August 31 (Ending) 620,809$


33



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT C-3STATEMENT OF CASH FLOWSINTERNAL SERVICE FUNDS FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

InternalServiceFunds

Cash Flows from Operating Activities:Cash Received from Other Funds 1,300,831 Cash Payments For Insurance Claims (2,219,231) Cash Payments For Prepaid Insurance (24,433)

Net Cash Provided by (Used for) Operating Activities (942,832)

Cash Flows from Non-Capital Financing Activities:

Increase in Short Term LoanTransfer Out -

Net Cash Provided by (Used for) Non-Capital Financing Activities -

Cash Flows from Investing Activities:

Interest and Dividends on Investments 8,034

Net Increase (Decrease) in Cash and Cash Equivalents (934,798)

Cash and Cash Equivalents at Beginning of the Year: 5,405,900

Cash and Cash Equivalents at End of the Year: 4,471,102$

Reconciliation of Operating Income (Loss) to Net CashProvided By (Used For) Operating Activities:

Operating Income (Loss): (942,832)

Effect of Increases and Decreases in CurrentAssets and Liabilities:

Decrease (increase) in Prepaid Expenses - Increase (decrease) in Accounts Payable -

Net Cash Provided by (Used for) Operating Activities (942,832)$

The notes to the financial statements are an integral part of this statement.34



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT D-1STATEMENT OF FIDUCIARY NET ASSETSFIDUCIARY FUNDSAUGUST 31, 2011

Private Purpose AgencyTrust Funds Fund

Assets

Cash and Cash Equivalents 46,807$ 834,665$Due From Other Funds - 10,212

Total Assets 46,807 844,877

Liabilities

Accounts Payable 3,500$ -$Due to Student Groups - 834,665

Total Liabilities 3,500 834,665$

Net Assets

Unrestricted Net Assets 43,307

Total Liabilities and Net Assets 46,807$


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BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT D-2STATEMENT OF CHANGES IN FIDUCIARY NET ASSETSFIDUCIARY FUNDSFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Private PurposeTrust Funds

Additions Local and Intermediate Sources 5,570$

Total Revenues 5,570

DeductionsOther Operating Costs 6,750

Total Deductions 6,750

Change in Net Assets (1,180)

Total Net Assets - September 1 (Beginning) 44,487

Total Net Assets - August 31 (Ending) 43,307$


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BEAUMONT INDEPENDENT SCHOOL DISTRICTNOTES TO FINANCIAL STATEMENTSAUGUST 31, 2011

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Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Beaumont Independent School District (District) is a public educational agency operating under theapplicable laws and regulations of the State of Texas. It is governed by a seven-member Board of Trusteesthat is elected by registered voters of the District. The District prepares its basic financial statements inconformity with Generally Accepted Accounting Principles (GAAP) promulgated by the GovernmentalAccounting Standards Board (GASB) and other authoritative sources identified in Statement of Auditing Standards No. 69 of the American Institute of Certified Public Accountants. Additionally, the Districtcomplies with the requirements of the appropriate version of the Texas Education Agency (TEA ) Financial Accountability System Resource Guide (FASRG) and the requirements of contracts and grants of agenciesfrom which it receives funds.

A. Reporting Entity

The District was formed in April 1913 by a special act of the Texas State Legislature. The District is anindependent public educational agency operating under applicable laws and regulations of the State ofTexas. The Board of the District is elected by its residents to staggered three-year terms; has the authority

to make decisions, appoint administrators and managers; significantly influence operations; and has theprimary accountability for fiscal matters. Therefore, the District is not included in any other governmental“reporting entity” as defined by the GASB Statement No. 14, “ The Financial Reporting Entity ”.

In accordance with GASB Statement 14, a financial reporting entity consists of the primary government andits component units. Component units are legally separate organizations for which the elected officials ofthe District are financially accountable, or for which the relationship to the District is such that exclusionwould cause the District’s financial statements to be misleading or incomplete. The District’s blendedcomponent unit, although a legally separate entity, is in substance part of the District’s operations, and sodata from this unit is combined with data of the primary government.

The criteria used to determine whether an organization is a component unit of the District includes: financialaccountability of the District for the component unit, appointment of a voting majority, ability to impose theDistrict’s will on the component unit, and whether there is a financial benefit or burden to the District.

For financial reporting purposes, the Beaumont Independent School District Public Facility Corporation(Public Facility Corporation) is included in the operations and activities of the District because of the fiscaldependency criteria outline in GASB Statement 14. The members of the District Board of Trustees serve asthe Board of the component unit.

The Public Facility Corporation is a public non-profit corporation, the creation of which was sponsored by theDistrict pursuant to the Public Facility Corporation Act, Article 717s, Vernon’s Texas Civil Statutes, asamended (the “Public Facility Corporation Act”). The Public Facility Corporation Act authorizes schooldistricts to create and utilize public facility corporations to issue bonds to provide for the acquisition,construction, furnishing and placing in service of public facilities of its governmental sponsor. It furtherauthorizes the governmental sponsor to incur lease purchase obligations in favor of the corporation to serveas security for the bonds issued by the Public Facility Corporation.

The Board of Directors of the Public Facility Corporation issued lease revenue bonds in the principal amountof $13,100,000 in August 2000, pursuant to a resolution. A Master Trust Agreement dated August 1, 2000between the Public Facility Corporation and the J P Morgan Bank as trustee secures the bonds to financethe construction improvements and purchase of land. The Public Facility Corporation and the Districtentered into a “Lease with an Option to Purchase Relating to the Beaumont Independent School DistrictPublic School Facilities Project” for construction improvements and purchase of land. Pursuant to the termsof the lease, the District is paying to the Corporation such lease payments at such time and in such amountsas required to pay the principal of, premium , if any, and interest on the lease revenue bonds as theybecome due.




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Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued

A. Reporting Entity, Continued

The Public Facility Corporation is reported as a debt service fund. As such the details are presented in thecombining statements as Fund 500.

B. Government-wide and Fund Financial Statements

The government-wide financial statements (i.e., the Statement of Net Assets and the Statement of Changesin Net Assets) report information on all of the nonfiduciary activities of the primary government. Interfundservices provided and used are not eliminated in the process of consolidation. All other inter-fundtransactions between governmental funds and internal service funds are eliminated on the government-widestatements. Tax revenues and intergovernmental revenues support the governmental activities. TheDistrict has no business-type activities that rely to a significant extent on fees and charges for support.

The Statement of Activities demonstrates the degree to which the direct expenses of a given function areoffset by program revenues. Direct expenses are those that are clearly identifiable with a specific function.Program revenues include charges to customers or applicants who purchase, use or directly benefit fromgoods, services, or privileges provided by a given function. They also include grants and contributions thatare restricted to meeting operational or capital requirements of a particular function. Taxes and other itemsnot properly included among program revenues as reported as general revenues .

Separate financial statements are provided for governmental funds, proprietary funds and fiduciary funds,even though the latter are excluded from the government-wide financial statements. Major individualgovernmental funds are reported as separate columns in the fund financial statements.

C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation

The government-wide, proprietary, and fiduciary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earnedand expenses are recorded when a liability is incurred, regardless of the timing of related cash flows.Property taxes are recognized as revenues in the year for which they are levied. Grants and similar itemsare recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under the modified accrual basis of accounting,revenues are recognized when susceptible to accrual, i.e., both measurable and available to financeexpenditures of the fiscal period. Revenues are considered available when they are collectible within thecurrent period or soon enough thereafter to be pay liabilities of the current period. For this purpose, thegovernment considers revenues available if they are collected within 60 days of the end of the current fiscalperiod. Expenditures generally are recorded when a liability is incurred, as under accrual accounting.However, debt service expenditures, as well as expenditures related to compensated absences, claims and

judgments, are recorded only when the payment is due.

Revenues from local sources consist primarily of property taxes. Property tax revenues and revenuesreceived from the State of Texas are recognized under the susceptible-to-accrual concept. Miscellaneousrevenues are recorded as revenue when received in cash because they are generally not measurable untilactually received. Investment earnings are recorded as earned, since they are both measurable andavailable.

Grant funds are considered earned to the extent of the expenditures made under the provisions of the grant.Accordingly, when such funds are received, they are recorded as deferred revenues until the related andauthorized expenditures have been made. If balances have not been expended by the end of the projectperiod, grantors sometimes require the District to refund all or part of the unused amount.




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C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation, Continued

The District reports the following major governmental funds:

The General Fund is the government’s primary operating fund. It accounts for all financialresources of the District, except those required to be accounted for in another fund. Major revenuesources include local property taxes, state funding through the Foundation School Program, earningsfrom a Foreign Trade Zone agreement and interest earnings. Expenditures include all costsassociated with the daily operations of the District except for specific programs funded by the federalor state government, food service, debt service, and capital projects.

The Capital Projects Fund is the government’s primary fund to account for all construction activities.Major revenues sources for Local Capital Projects Fund are insurance proceeds, and transfers fromother governmental funds, the Capital Projects Bonds Fund source of revenue is bond proceeds.Expenditures include all costs associated with major construction and renovation projects.

The District reports the following proprietary funds:

The Internal Service Fund accounts for the District’s Workers’ Compensation Funds and HealthInsurance Fund. The Workers’ Compensation Fund is intended to be self-supporting. All fundswithin the District that expend resources for salaries and wages contribute a percentage of salariesand wages expenditures to the workers’ compensation program to fund the cost of workers’compensation claims, stop-loss insurance, and administrative fees. The Health Insurance fund ismaintained to facilitate the operation of the District’s health insurance program. The fund charges allother funds and programs that pay wages to employees eligible for health insurance benefits.

Proprietary funds distinguish between operating revenues and expenses and nonoperating items.Operating revenues and expenses generally result from providing services and producing anddelivering goods in connection with proprietary funds principal ongoing operations.

Additionally, the District reports the following fiduciary funds:

The Private-purpose Trust Fund is used to account for scholarship funds that are received by theDistrict that are to be awarded to current students for post-secondary education purposes.

The Agency Fund account for resources held in custodial capacity by the District and consists offunds that are the property of students or others. Agency funds are unlike all other types of funds,reporting only assets and liabilities. So agency funds cannot be said to have a measurement focus.Agency funds are accounted for on the accrual basis of accounting.

D. Assets, Liabilities, and Net Assets or Equity

Cash, Cash Equivalents and Investments

The District’s cash and cash equivalents are considered to be cash on hand, demand deposits, moneymarket bank sweep accounts, and short-term investments with original maturities of three months or lessfrom the date of acquisition. Investments for the District are reported at fair value.

For cash management purposes, the District’s depository agreement with the bank includes arrangementsfor the District’s bank account balances at the end of the day to be transferred (swept) into a sweeprepurchase agreement managed by Bank of America and selected by the District. The cash is transferredback to the District the following day. The District has designated a sweep repurchase agreement, whichinvests in Government Securities, and these amounts in the sweep account are treated as cash and cashequivalents.




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D. Assets, Liabilities, and Net Assets or Equity, Continued

Cash, Cash Equivalents and Investments, Continued

Funds of the District must be deposited and invested under the terms of a depository contract, contents ofwhich are set out in the Depository Contract Law.

The depository bank may either place approved pledged securities for safekeeping and trust with theDistrict’s agent bank or file a corporate surety bond in an amount sufficient to protect District funds on aday-to-day basis during the term of the contract. The pledge of approved securities is waived only to theextent of the depository bank’s dollar amount of FDIC insurance.

Receivables and Payables

Activity between funds that are representative of lending/borrowing arrangements outstanding at the endof the fiscal year are referred to as either ‘due to/from other funds” (i.e., the non-current portion ofinterfund loans) or “advances to/from other funds” (i.e., the non-current portion of interfund loans). All

other outstanding balances between funds are reported as “due to/from other funds”.Property taxes are levied by October 1, on the assessed value listed as of the prior January 1, for all realand business personal property located in the District in conformity with Subtitle E, Texas Property Code.Taxes are due upon receipt of the tax bill and are delinquent if not paid before February 1 of the followingyear following the year in which imposed. On January 31 of each year, a tax lien attaches to property tosecure the payment of all taxes, penalties, and interest ultimately imposed.

Property appraisal within the District is the responsibility of the Jefferson County Appraisal District (JCAD),an independent governmental unit with a board of directors appointed by the taxing jurisdictions within thecounty and funded from assessments against those taxing jurisdictions. JCAD is required under theProperty Tax Code to assess property at 100% of its appraised value.

Real property must be reappraised at least every two years. Under certain circumstances taxpayers andtaxing units, including the District, may challenge orders of the JCAD Review Board through various appealsand, if necessary, legal action. Under the Property Tax Code legislation, the District establishes tax rates forproperty within the District limits. If the new tax rate exceeds the effective tax rate for the previous year bymore than eight percent (8%), after certain adjustments, qualified voters of the District may petition for anelection to determine whether to limit the tax rate to no more than eight percent (8%) above the effective taxrate.

Tax collections are prorated between the General Fund and Debt Service Fund based on the tax rateapproved by the Board of the District. For the year ended August 31, 2011, the rates were $1.040 and$.27, respectively, per $100 of assessed value.

Delinquent taxes are prorated between maintenance and debt service based on rates adopted for theyear of levy. Allowances for uncollectible tax receivables within the General and Debt Service funds are

based on historical experience in collecting property taxes.Uncollectible personal property taxes are periodically reviewed and written off, but the District isprohibited from writing off real property taxes without specific statutory authority from the TexasLegislature. The property tax receivable allowance is equal to 44% of outstanding property taxes at August 31, 2011.

Under the consumption method of accounting for inventories, food service supplies and paper supplies arecarried in an inventory account on the basis of the last invoice, which approximates the first-in first-outmethod, and subsequently charged to budgetary expenditures when consumed.




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Inventories and Prepaid Items, Continued

Inventories of food commodities are recorded at market values supplied by the Texas Department of HumanServices. Although commodities are received at no cost, their fair market value is supplied by the TexasDepartment of Human Services and recorded as inventory and deferred revenue when received in thegovernmental funds. When requisitioned, inventory and deferred revenue are relieved, expenditures arecharged, and revenue is recognized for an equal amount.

Capital Assets

Capital assets which include land, buildings, furniture, and equipment, are reported in the applicablegovernmental activities columns in the government-wide financial statements. Capital assets are definedby the government as assets with an initial, individual cost of $5,000 or more and an estimated useful lifein excess of two years.

Such assets are recorded at historical cost or estimated historical cost if purchased or constructed.Donated capital assets are recorded at estimated fair market value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materiallyextend assets lives are not capitalized.

When assets are retired or otherwise disposed of, the related costs or other recorded amounts areremoved.

Buildings, furniture and equipment and vehicles of the District are depreciated using the straight-linemethod over the following estimated useful lives:

Assets YearsBuildings 50 - 60Building Improvements Remaining life of building or 20 years whichever is lessFurniture & Equipment 5 - 10Automoblies & Trucks 3 - 5Buses 10 - 12

Compensated Absences

The District has a vacation pay policy for twelve-month employees whereby eligible employees hired prior toJuly 1, 2001 shall receive vacation of ten to twenty days dependent upon the number of years of service.Effective July 1, 2001, a person hired by the District, or promoted by the District to a position normallyrequiring 240 days of service, earns vacation days during the first full year of employment on a pro ratabasis depending on the date of hire; thereafter, 12 days of paid vacation are earned between July 1 to June30 of each school year. All vacation days are forfeited if not taken by December 31 of the calendar year;therefore, the liability for unused vacation days at August 31, 2011 is not material to the financialstatements.

Upon retirement or death of eligible employees, the District pays, within certain limitations, accrued sickleave in a lump sum to such employee or his/her estate. Beginning June 1, 1994, the reimbursementbenefit applies only to leave benefits earned while employed by the District. Employees new to the Districtin the 1996-97 school year and thereafter shall not be eligible for this benefit.

A fund balance designation of $1,500,000 is accounted for in the General Fund. No other compensatedabsences are allowed under the District’s personnel policies.




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Compensated Absences, Continued

A summary of changes in the accumulated sick leave liability follows:

Sick LeaveBalance, September 1, 2010 8,964,674$Additions - Payments to Eligible Employees (730,514) Balance, August 31, 2011 8,234,160$

Arbitrage Payable

The Federal Tax Reform Act of 1986 enacted section 148(f) which requires issuers of tax-exempt debt tomake payments to the United States Treasury for investment income received at yields that exceed theissuer’s tax exempt borrowing rates. The Treasury requires payment for each issue every five years. Theestimated liability is updated annually for all tax-exempt issuances or changes in yields until such timepayment of the calculated liability is due. The District had no arbitrage liability as of August 31, 2011.

Long Term Obligations

In the government-wide financial statements and proprietary fund types in the fund financial statements,long-term debt and other long-term obligations are reported as liabilities in the applicable governmentalactivities or proprietary fund type Statement of Net Assets. Bond premiums and discounts, as well asissuance costs, are deferred and amortized over the life of the bonds using the straight line method.Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs arereported as deferred charges and amortized over the term of the related debt.

In the fund financial statements, governmental fund types recognize bond premiums and discounts, aswell as bond issuance costs, during the current period. The face amount of debt issued is reported asother financing sources. Premiums received on debt issuances are reported as other financing sourceswhile discounts on debt issuances are reported as other financing uses. Issuance costs, whether or notwithheld from the actual debt proceeds received, are reported as debt service expenditures.

Fund Equity

In the fund financial statements, governmental funds report reservations of fund balance for amounts thatare not available for appropriation or are legally restricted by outside parties for use for a specificpurpose. Designations of fund balance represent tentative management plans that are subject to change.

Data Control Codes

The data control codes refer to the account code structure prescribed by TEA in the FASRG. The TEArequires school districts to display these codes in the financial statements filed with the Agency in orderto ensure accuracy in building a statewide data base for policy development and funding plans.

GASB Statement No. 44

The District implemented GASB Statement No. 44, Economic Condition Reporting: The StatisticalSection-an amendment of NCGA Statement 1, as of September 1, 2005. This Statement amends theportions of NCGA Statement 1, Governmental Accounting and Financial Reporting Principles, that guidethe preparation of the statistical section.




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The statistical section presents detailed information, typically in ten-year trends, that assists users inutilizing the basic financial statements, notes to the basic financial statements, and requiredsupplementary information to assess the economic condition of a government.

Note 2: DEPOSITS AND INVESTMENTS

Credit Risk

In compliance with the District’s investment policy, as of August 31, 2011 all of the District’s investmentsin the Lonestar and Texpool Investment Pools were rated AAA and AAAm by Standard & Poor’s andMoody’s, respectively. The entity’s investments in U.S. Treasuries are backed by the full faith and creditof the U.S. Government. The investments in U.S. Agencies were rated AAA and Aaa by Standard &Poor’s and Moody’s respectively.

Custodial Credit Risk: Demand Deposits

It is the policy of the District to collateralize deposits at 102% of balances less applicable depositoryinsurance. Additionally, it is policy of the District that depository collateral be of an approved type and beheld by an independent third party with whom the District has a current custodial agreement. A clearlymarked evidence of ownership (safekeeping receipt) shall be supplied to the District and retained.

At August 31, 2011, the carrying amount of the District’s demand deposits and cash on hand was$1,499,751. The $888,310 bank balance was covered by federal deposit insurance through the FDIC.

The District was not exposed to custodial credit risk at any point during the fiscal year ended August 31,2011.

All cash balances and investments are held separately in each of its funds. Funds held at the depositorybank were properly secured at all times, and the following was disclosed:

a. Name of depository bank: Bank of America

b. Amount of bond or securities pledged as of the date of the highest combined balance ondeposit was $0.00 (Entire bank balance was insured by the FDIC through the Dodd Frank Act.

c. Highest cash balance amounted to $10,169,940 and occurred during the month of August2011.

d. Total amount of Federal Deposit Insurance Corporation (“FDIC”) coverage at the time of thehighest combined balance was $10,169,940.

Custodial Credit Risk: Investment Securities

Certain types of investments which the District commonly utilize, including investment pools, are not subjectto custodial credit risk because they are not evidenced by securities.

The District was not exposed to custodial credit risk during the course of the fiscal year.

Concentration of Credit Risk

It is the policy of the District to reduce risk associated with investments by diversification of the portfolio.The District was not exposed to concentration of credit risk during the course of the fiscal year.




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Note 2: DEPOSITS AND INVESTMENTS, Continued

Credit Risk: Credit Ratings

District investments conform to the District’s banking and investment policies and are in accordance with

laws and regulations of the State of Texas and TEA. It is the Districts policy to limit its investments to notless than A or its equivalent by a nationally recognized firm. Statutes of the State of Texas and policiesmandated by the District’s Board authorize the District to invest in obligations of the U.S. Government orits agencies, repurchase agreements, commercial paper, public funds investment pools, mutual fundsand money market accounts.

Investments

The State Public Funds Investment Act (Government Code Chapter 2256) contains specific provisions inthe areas of investment practices, management reports, and establishment of appropriate policies. Itrequires the District to adopt, implement, and publicize an investment policy. The investment policy mustaddress the following areas: (1) safety of principal and liquidity, (2) portfolio diversification, (3) allowableinvestments, (4) acceptable risk levels, (5) expected rates of return, (6) maximum allowable stated maturityof portfolio investments, (7) maximum average dollar-weighted maturity allowed based on the statedmaturity date for the portfolio, (8) investment staff quality and capabilities, and (9) bid solicitationpreferences for certificates of deposit. Statutes authorize the District to invest in (1) obligations of the UnitedStates Treasury, certain

United States agencies, and obligations of the State of Texas, (2) certificates of deposit, (3) certainmunicipal securities, (4) money market savings accounts, (5) repurchase agreements, (6) bankersacceptances, (7) mutual funds, (8) investment pools, (9) guaranteed investment contracts, and (10)common trust funds. Management of the District believes it is in compliance with the requirements of theAct and with local policies. The District’s investments in public funds investment pools and money marketmutual funds include those with the Lone Star Investment Pool (LSIP) and TexPool.

LSIP is a public funds investment pool administered by First Public (formerly known as the TexasAssociation of School Board Financial Service). LSIP is a public funds investment pool created under the

authorization of the Interlocal Cooperation Act of the State of Texas, Article 4413 (32c), Vernon’s Texas CivilStatutes, as amended. It is designed to provide participating local governments with investment vehicles for(1) local funds that are not required to be spent immediately and are available for investment in securitieswith maturities and returns generally greater than those for money market instruments and (2) local fundswhich provide daily liquidity. The objective of the LSIP is to provide participating local governments with thehighest possible rate of return for such funds, while maintaining safety of principal.

To achieve its objective, the LSIP invests primarily in obligations issued or secured by the U.S. Government,its agencies and instrumentalities, and in commercial paper. Standish Mellon Asset Management and AMRInvestments provide investment advisory services. Each fund within the Pool has received the highestrating that of AAA, from Standard & Poor’s as required by the Public Funds Investment Act. LSIP operatesthree distinct funds, of which the District invests in two.

The District’s investment in the LSIP Corporate Overnight Fund, Government Overnight Fund and theCorporate Overnight Plus Fund as of August 31, 2011 was $120, $22,820 and $129,933,806 respectively.The fair value of the position in LSIP is the same as the value of LSIP shares.

TexPool is a public funds investment pool created by the Texas Treasury Safekeeping Trust Company toprovide a safe environment for the placement of local government funds. The State Comptroller of Texasadministers TexPool. Lehman Brothers and Federated Investors manage the daily operations of the poolunder a contract with the Comptroller. TexPool operated in a manner consistent with the Security andexchange Commission’s Rule 2a7 of the Investment Company Act of 1940.




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Note 2: DEPOSITS AND INVESTMENTS, Continued

Investments, Continued

TexPool uses amortized cost rather than fair value to report net assets to compute share prices. The fair

value of the position in TexPool is the same as the value of TexPool shares. TexPool is rated as AAAmmoney market fund by Standard & Poor’s. This rating indicates excellent safety and a superior capacity tomaintain principal value and limit exposure to loss. As of August 31, 2011, the District’s investment inTexPool was $11,330,349.

The overall objective of the District’s investment policy is to ensure that District financial assets are properlysafeguarded, provide sufficient liquidity, and produce a reasonable rate of return while enabling the Districtto react to changes in economic conditions.

The District’s investments have been recorded at fair value based upon quoted market prices as of August31, 2011, with the difference between the purchase price and market price being recorded as interestincome. None of the District’s investments have been reported at amortized cost.

A summary of investments at August 31, 2011 is as follows:

Type Carrying Amount Fair Value MaturityInvestments not subject to categorization

TexPool 11,330,349 11,330,349 Weighted average <60 daysLoneStar 129,956,746 129,956,746 Weighted average <120 days

Total Investments 141,287,095$ 141,287,095$

Interest Rate Risk

In compliance with the district’s policy, the District concentrates its investment portfolio in short andintermediate term securities to limit market risk caused by changes in interest rates. The District attempts tomatch its investments with anticipated cash flow requirements.

Note 3: RECEIVABLES

Receivables as of August 31, 2011, for the government’s individual major funds and non major, internalservice and fiduciary funds in the aggregate, including the applicable allowances for uncollectibleaccounts, are as follows:




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Note 3: RECEIVABLES, Continued

General Fund Other Funds TotalTaxes 8,149,300$ 2,115,595$ 10,264,895$Due from Other Governments 1,997,872 8,336,040 10,333,912 Due from Other Funds 6,313,929 136,189 6,450,118 Other Receivables 15,295,425 12,938 15,308,363 Gross Receivables 31,756,526 10,600,762 42,357,288 Less: Allowance for Uncollectibles

(4,022,381) (183,240) (4,205,621)

Net Total Receivables 27,734,145$ 10,417,522$ 38,151,667$

Other receivables as listed in the General Funds in the amount of $15,295,425 are explained as

follows: $145,544 due to the District from 60 day tax collection payments and $15,129,479 is yearend Foundation payments due to the District from the Texas Education Agency for 2010-2011 percapita payment. The remaining 20,402 is for athletic gate receipts and other small miscellaneousitems.

Governmental funds report deferred revenue in connection with receivables for revenues that are notconsidered to be available to liquidate liabilities of the current period. Governmental funds also deferrevenue recognition in connection with resources that have been received, but not yet earned.

At the end of the current fiscal year, the various components of deferred revenue and unearned revenue reported in the governmental funds were as follows:

UnavailableDelinquent Property Taxes Receivable (General Fund) 4,126,919$Delinquent Property Taxes Receivable (Debt Service Fund) 1,972,355

Total Deferred/Unearned Revenue for Governmental Funds 6,099,274$

Note 4: CAPITAL ASSETS

Prior to GASB Statement No. 34, the District was not required to calculate depreciation expense forreporting capital assets. In accordance with the implementation of GASB Statement No. 34, capitalassets have been adjusted to reflect historical cost for the purpose of calculating depreciation.

Capital asset activity for the governmental activities for the year ended August 31, 2011 was as follows:




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Note 4: CAPITAL ASSETS, Continued

Beginning EndingBalance Increases Decreases Balance

Capital Assets, Not Being Depreciated:Land 13,196,524$ 121,165$ -$ 13,317,689$Construction in Progress 82,596,079 60,226,128 (82,596,079) 60,226,128 Total Capital Assets, Not BeingDepreciated: 95,792,603 60,347,293 (82,596,079) 73,543,817 Capital Assets, Being Depreciated:Building & Improvements 219,554,979 183,441,325 (14,910,782) 388,085,522 Furniture & Equipment 27,715,426 4,692,039 (1,646,263) 30,761,202 Total Capital Assets, BeingDepreciated: 247,270,405 188,133,364 (16,557,045) 418,846,724 Less Accumulated DepreciationBuilding & Improvements (71,030,800) (6,189,667) 14,910,782 (62,309,685) Furniture & Equipment (10,071,478) (2,430,430) 1,646,263 (10,855,645) Total Accumulated Depreciation (81,102,278) (8,620,097) 16,557,045 (73,165,330) Total Capital Assets, BeingDepreciated, Net 166,168,127 179,513,267 - 345,681,394

Governmental Activities CapitalAssets, Net 261,960,730$ 239,860,560$ (82,596,079)$ 419,225,211$

At September 1, 2001, the District also implemented a capitalization policy for assets, defined as assets withan initial, individual cost of $5,000 or more and an estimated useful life in excess of two years. The Districtwill continue to maintain a controllable asset inventory for items not capitalized in order to safeguard districtassets.

Depreciation expense of the governmental activities was charged to functions/programs as follows:

Instruction 5,752,199$Instructional Resources & Media Services 116,420

Current Development and Staff Development 5,234 Instructional Leadership 254,401 School Leadership 586,486 Guidance, Counseling & Evaluation Services 321,156 Social Work Services 37,807 Health Services 117,653 Student (Pupil) Transportation 265,398 Food Services 228,215 Cocurricular Activities 7,252 General Administration 197,864 Plant Maintenance & Operations 571,613 Security 50,586 Data Processing Services 71,268 Community Services 36,764

Total Depreciation Expense 8,620,317$




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Note 5: INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS

Interfund receivables and payables are short-term transactions between funds that are accounted for in theappropriate interfund receivable and payable accounts. Interfund balances at August 31, 2011 consisted ofthe following individual fund receivables and payables:

Receivable Fund Payable Fund Amount

General Special Revenue 6,359,474$

Student Activity General Fund 10,212

Debt Service General Fund 136,189 6,505,875$

The receivables in the general fund total $6,505,875 and the general fund payables total $10,212 and$136,189 is due from special revenue, student activity, and debt service funds representing amounts duefor reimbursement of expenditures paid by the general fund.

Interfund transfers are defined as “flows of assets without equivalent flows of assets in return and without arequirement for repayment”. Interfund transfers during the year ended August 31, 2011, were as follows:

Transfer Out Transfers In AmountGeneral Fund Special Revenue Funds 40,012 General Fund Public Facility Corporation 1,228,380 General Fund Local Capital Projects 4,600,000

5,868,392$

The general fund transferred a total of $40,012 to special revenue funds. This transfer was to subsidize theCommunity Education Program. In addition, the general fund transferred $1,228,380 to the Public FacilityCorporation for payment of the lease which subsequently funds the payment of the PFC’s lease revenue bonds.The General Fund transferred $4,600,000 to the Local Capital Projects Fund for construction relatedexpenditures.

Note 6: LEASE COMMITTMENTS Operating Leases

The school district has entered into a number of operating leases for copiers, postage meters, and computerswhich contain cancellation provisions and are subject to annual appropriations. For the year ending August 31,2011, rentals approximated $3,740,493 for such leases. These leases primarily support governmental activities.The future minimum lease payments for these leases are as follows:

Year EndingAugust 31 Amount

2012 519,085

2013 930,263 2014 930,263 2015 785,643 2016 785,643

Total 3,950,897$




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Note 7: LONG-TERM DEBT

The District issues general obligation bonds to provide funds for the acquisition and construction of majorcapital facilities. General obligation bonds have been issued for only governmental activities. Generalobligation bonds are direct obligations and pledge the full faith and credit of the District. Current principaland interest requirements are payable solely from future revenues of the debt service fund which consistsprincipally of property taxes collected by the District and interest earnings. Certain outstanding bondsmay be redeemed at their par value prior to their normal maturity dates in accordance with the terms ofthe related bond indentures. The District has never defaulted on any principal or interest payment.

General obligation bonds payable at August 31, 2011, are summarized as follows :

Date of Original Final Annual OutstandingIssue Issue Maturity Installments % Rate Balance2003 8,660,000 2015 $75,000 to $1,310,000 2.5% - 3.43% 4,600,000 2004 17,810,000 2017 $1,600,000 to $2,480,000 3.0% 7,105,000 2005 11,900,000 2017 $180,000 to $2,285,000 3.0%-5.0% 7,545,000 2008 89,800,000 2038 $100,000 to $3,795,000 3.0%-5.0% 89,450,000 2008 9,815,000 2014 $1,795,000 to $2,135,000 3.17%-3.50% 6,140,000 2008 65,000,000 2038 $3,243,400 to $4,750,875 4.0%-5.0% 64,800,000 2009 116,570,000 2038 $5,999,838 to $8,787,988 3.0%-5.125% 114,950,000 2010 10,085,000 2019 $405,000 to $1,645,000 2.0%-5.0% 10,085,000 2010 59,490,000 2038 $1,710,000 to $4,710,000 4.49%-5.810% 59,490,000 2010 14,450,000 2026 $960,000 to $965,000 0% 14,450,000 2011 31,500,000 2038 $500,000 to $2,075,000 2.00-5.00% 31,500,000

410,115,000$

The Public Facility Corporation, a blended component unit, issued lease revenue bonds for the construction

of Ozen High School. Lease Revenue Bonds outstanding at year end are as follows :

Annual debt service requirements to maturity for the Lease Revenue Bonds are as follows:

Year EndingAugust 31 Principal Interest Total

2012 1,060,000 175,440 1,235,440 2013 1,120,000 128,570 1,248,570 2014 1,215,000 52,953 1,267,953 2015 1,215,000 52,952 1,267,952

Total 4,610,000$ 409,915$ 5,019,915$

Date of Original Final Annual OutstandingIssue Issue Maturity Installments % Rate Balance

2000 13,100,000$ 2015 $580,000 to $1,250,000 5.05%-9.0% 4,610,000$




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Note 7: LONG-TERM DEBT, Continued

Annual debt service requirements to maturity for the bonds are as follows:

Year Ending

August 31 Principal Interest Total2012 5,055,000 18,988,991 24,043,991 2013 8,185,000 17,866,175 26,051,175 2014 8,550,000 16,204,739 24,754,739 2015 9,580,000 17,301,723 26,881,723

2016-2037 352,490,000 249,528,644 602,018,644 2038 26,255,000 624,968 26,879,968

Total 410,115,000$ 320,515,240$ 730,630,240$

There are a number of limitations and restrictions contained in the general obligation bond indenture.

Management of the District has indicated that the District is in compliance with all significant limitationsand restrictions at August 31, 2011. Computation of the District’s legal debt margin may be found in theStatistical Section of this report, page 125.

Changes in long-term liabilities

Long-term liability activity for the year ended August 31, 2011, was as follows

Beginning Retirements/ Ending Due WithinBalance Additions Payments Balance One Year

Governmental activities:

Bonds Payable:

General obligations bonds 384,745,000$ 31,500,000$ 6,130,000$ 410,115,000$ 5,055,000$Accumulated accretion 1,629,639 - - 1,629,639 -

On refunding (1,099,624) - - (1,099,624) - Lease Revenue Bonds 5,605,000 - 1,000,000 4,605,000 1,060,000

Total bonds payable 390,880,015 31,500,000 7,130,000 415,250,015 6,115,000

Compensated absences 8,703,504 - 730,514 7,972,990 1,500,000 Total 399,583,519$ 31,500,000$ 7,860,514$ 423,223,005$ 7,615,000$

All compensated absences liabilities are normally liquidated by the general fund.

Note 8: RETIREMENT BENEFITS

Plan Description

The Beaumont Independent School District contributes to the Teacher Retirement System of Texas (TRS),a cost-sharing multiple employer defined benefit pension plan. TRS administers retirement and disabilityannuities, and death and survivor benefits to employees and beneficiaries of employees of the public schoolsystems of Texas.




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Note 8: RETIREMENT BENEFITS, Continued

TRS operates primarily under the provision of the Texas Constitution, Article XVI, Sec. 67, and TexasGovernment Code, Title 8, Subtitle C. TRS also administers proportional retirement benefits and servicecredit transfer under Texas Government Code, Title 8, Chapters 803 and 805, respectively.

TRS issues a publicly available financial report that includes financial statements and requiredsupplementary information for the defined benefit pension plan. That report may be obtained by writing tothe TRS Communications Department, 1000 Red River Street, Austin, Texas 78701, by calling the TRSCommunications Department at 1-800-223-8778, or by downloading the report from the TRS Internetwebsite, www.trs.state.tx.us, under the TRS Publications heading.

Funding Policy

State law provides a state contribution 6.644% for fiscal year, 2011 and 2010,and 6.58% for 2009 and 2008.The member contribution rate is 6.4%. In certain instances the reporting district (I.S.D., college, university,or state agency) is required to make all or a portion of the state’s contribution.

Contribution requirements are not actuarially determined but are legally established each biennium pursuantto the following state funding policy: (1) The state constitution requires the legislature to establish a membercontribution rate of not less than 6.0% of the member’s annual compensation and a state contribution rate ofnot less than 6.0% and not more than 10.0% of the aggregate annual compensation of all members of thesystem during that fiscal year.(2) A state statute prohibits benefit improvements or contribution reductions if,as a result of the particular action, the time required to amortize TRS’s unfunded actuarial liabilities would beincreased to a period that exceeds 31 years, or, if the amortization period already exceeds 31 years, theperiod would be increased by such action.

Types of Staff CoveredAll staff members who are employed for one-half or more of the standard work load and who are notexempted from membership under Texas Government Code, Title 8, Subtitle C, Section 822.002 arecovered.

Service retirement is as follows:

Normal • any combination of age plus years of service which equals 80• age 65 with 5 years of service

Reduced • age 55 with at least 5 years of service• any age below 55 with 30 years of service

A member is fully vested after 5 years of creditable service and entitled to any benefit for which eligibilityrequirements have been met.

Contributions made by the State on behalf of the District are recorded in the financial statements as bothrevenues and expenditures. Contributions to TRS made on behalf of the District’s employees for the yearsended August 31, 2011, August 31, 2010 and August 31, 2009 were as follows:




53


2011 2010 2009District payroll 132,849,494$ 125,075,102$District TRS payroll 124,079,614$ 119,157,469$ 118,712,834$

District Contributions 709,875$ 879,094$ 911,631$Federal Contributions 669,151$ 783,146$ 792,970$State contributions 8,243,850$ 7,840,561$ 7,811,304$State contribution rate 6.644% 6.644% 6.58%Employee contributions 7,941,095$ 7,626,078$ 7,597,528$Employee contribution rate 6.40% 6.40% 6.40%

District Retiree Health Plan

Plan Description

The Beaumont Independent School District contributes to the Texas Public School Retired EmployeesGroup Insurance Program (TRS-Care), a cost-sharing multiple employer defined benefit postemploymenthealth care plan administered by the Teacher Retirement System of Texas. TRS-Care Retired Planprovides health care coverage for certain persons (and their dependents) who retired under the TeacherRetirement System of Texas. The statutory authority for the program is Texas Insurance Code, Chapter1575. Section 1575.052 grants the TRS Board of Trustees the authority to establish and amend basic andoptional group insurance coverage for participants. The TRS issues a publicly available financial report thatincludes financial statements and required supplementary information for TRS-Care. The report may beobtained by writing to the TRS Communications Department, 1000 Red River Street, Austin, Texas 78701,by calling the TRS Communications Department at 1-800-223-8778, or by downloading the report from theTRS Internet Website, www.trs.state.tx.us, under the TRS Publications heading.

Funding Policy

Contribution requirements are not actuarially determined but are legally established each biennium by theTexas Legislature. Texas Insurance Code, Sections 1575.202, 203, and 204 establish state, activeemployee, and public school contributions, respectively. The State of Texas and active public schoolemployee contribution rates were 1 percent and 0.65 percent of public school payroll, respectively, withschool districts contributing a percentage of payroll set aside at 0.55 percent for fiscal year 2011, 2010,2009,and 2008, Per Texas Insurance Code, Chapter 1575, the public school contribution may not be lessthan 0.25 percent or greater that 0.75 percent of the salary of each active employee of the public school. Forstaff members funded by federal programs, the federal programs are required to contribute 1.0 percents.

Contributions made by the State on behalf of the District are recorded in the governmental funds financialstatements as both revenue and expenditures. State contributions to TRS made on behalf of the District’semployees as well as the District’s required contributions and federal grant program contributions for theyears ended June 30, 2011, 2010, and 2009, are as follows:

2011 2010 2009Required District contributions 675,470$ 655,367$ 652,921$Actual District contributions 675,470 655,367 652,921 Federal contributions 80,015 118,051 125,654 State contributions 1,240,796 76,261 72,361 Employee contributions 798,231 774,526 771,633




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Medicare Part D

The Medicare Prescription Drug, Improvement, and Modernization Act of 2003, effective January 1, 2006,

established prescription drug coverage for Medicare beneficiaries known as Medicare Part D. One of theprovisions of Medicare Part D allows for the Texas Public School Retired Employee Group InsuranceProgram (TRS-Care) to received retiree drug subsidy payments from the federal government to offsetcertain prescription drug expenditures for eligible TRS-Care participants. For the fiscal years ended August31, 2011, 2010, and 2009, the subsidy payments received by TRS-Care on-behalf of the District were$287,693, $298,274, and $251,593, respectively. The information for the year ended August 31, 2010 is anestimate provided by the Teacher Retirement System. These payments are recorded as equal revenuesand expenditures in the governmental funds financial statements of the District .

Note 9: RISK MANAGEMENT

Property, Casualty and Liability Insurance

The District is exposed to various risks of loss related to torts, theft of, damage to and destruction ofproperty; errors and omissions; and natural disasters for which the District carries commercial insurance.Settled claims have not exceeded insurance coverage in any of the previous three years. There has notbeen any significant reduction in insurance coverage from that of the previous year. The District retains therisk of the first $50,000 in property insurance after which insurance is purchased.

Workman’s Compensation

During the year ended August 31, 2011, Beaumont ISD met its statutory unemployment compensationobligations by participating as a self-funded member of the TASB Risk Management Fund (the Fund). Thefund was created and is operated under the provisions of the Interlocal Cooperation Act, Chapter 791 of theTexas Government Code and Chapter 504, Texas Labor Code. All members participating in the Fundexecute Interlocal Agreements that define the responsibilities of the parties.

As a self-funded member of the TASB Risk Management Fund, the District is solely responsible for all claimcosts, both reported and unreported.

The Fund provides administrative services to the District including claims administration and customerservice. The Fund’s audited financial statements as of August 31, 2011 are available at the TASB officesand have been filed with the Texas Department of Insurance in Austin.

The Proprietary funds charge all other funds on the basis of contributions and payroll incurred by each fundin order to provide for claims of District employees.

Liabilities of the Proprietary fund are reported when it is probable that a loss has occurred and the amount ofthe loss can be reasonably estimated. Liabilities include an amount for claims that have been incurred butnot reported. Claim liabilities are calculated considering recent claim settlement trends.

The Workers’ Compensation Fund accounts for all transactions related to workers’ compensation claimsand the administration of the program. Risks associated with workers’ compensation liabilities are retainedby the District, after which stop loss insurance is purchased. The District liability is $400,000 per incident.

Changes in the Workers’ Compensation Fund’s claim liability (including an estimate for claims incurred butnot reported) were:




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Note 9: RISK MANAGEMENT

Year EndedAugust 31,

2011

Year EndedAugust 31,

2010Liability for claims September 1 3,850,293$ 3,850,293$

Current year claims and changes in estimates 2,219,231 2,246,188 Claim payments (2,219,231) (2,246,188)

Liability for claims August 31 3,850,293$ 3,850,293$

All liabilities have the potential of becoming due within 12 months.

Note 10: FUND BALANCE

The District designated a portion of the August 31, 2011 General Fund unreserved fund balance to provide

resources for future expenditures.

Sick Pay/Compensated Absences 1,500,000$Other Designations 250,000 Total 1,750,000$

As of August 31, 2011 the fund balance in the Food and Nutrition Special Revenue Fund of $1,327,642 was reserved for use in future food service operations. The District’s Debt Service Fund equity at August 31,2011 of $2,186,610, including $3,180 of the Public Facility Corporation, is reserved for retirement of bondedindebtedness. The District has encumbered $3,247,047 in Capital Projects Fund equity and designated$100,965,013 for authorized construction projects in future years.

Note 11: COMMITMENTS AND CONTINGENCIES The District received significant financial assistance from federal and state governmental agencies in theform of grants. The disbursements of funds received under these programs generally require compliancewith terms and conditions specified in the grant agreements and are subject to audit by the grantor agenciesand the TEA. Any disallowed claims resulting from such audits could become a liability of the GeneralFund. However, in the opinion of management, such disallowed claims, if any, will not have a material effecton any of the financial statements of the individual fund types included herein or on the overall financialposition of the District at August 31, 2011.

In the case of all known contingencies, the District accrues a liability when the loss is probable and theamount is reasonably estimable. These liabilities are not reduced for potential insurance recoveries. Basedon currently available information, the District believes that it is remote that future costs related to knowncontingent liability exposures will exceed current accruals by an amount that would have a material adverseimpact on the District’s financial statements.

As facts concerning contingencies become known to the District, the District reassesses its position bothwith respect to accrued liabilities and other potential exposures. Estimated future costs related to legalmatters are subject to change as events evolve, and as additional information becomes available during theadministrative and litigation process. From time to time the District is a defendant in other legal proceedingsrelating to its operations as a school district for which, in some instances, no provisions have been made.As of August 31, 2011, $100,965,013 had been committed for the various construction projects throughoutthe District.




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Note 12: SHARED SERVICE ARRANGEMENTS

The District is the fiscal agent for a Shared Service Arrangement (“SSA”) which provides services to themember districts listed below. All services are provided by the fiscal agent.

The member districts provide the funds to the fiscal agents. According to guidance provided in TEA’sResource guide, The District has accounted for the fiscal agent’s activities for the SSA in a special revenuefund and will be accounted for using Model 2 in the SSA section of the Resource Guide.

Expenditures of the SSA are summarized below:

Local ServicesMember Districts: for the DeafBeaumont ISD 157,274$Bridge City ISD 33,660 Buna ISD 7,480 Colmesneil ISD 3,740 Deweyville ISD 13,090 Evadale ISD 3,740 Hamshire-Fannett 9,220 Hardin-Jefferson ISD 33,400 Kountze ISD 27,530 Little-Cypress Mauriceville CISD 48,360 Lumberton ISD 22,665 Nederland ISD 48,360 Newton ISD 13,700 Orangefield ISD 22,440 Port Arthur ISD 118,860 Port-Neches Groves ISD 63,320 Silsbee ISD 22,440 Vidor ISD 70,280

West Hardin CISD 3,965 West Orange Cove CISD 33,400 Woodville ISD 14,960

Total 771,884$



REQUIRED SUPPLEMENTARYINFORMATION



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT E-1SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCESBUDGET AND ACTUAL - GENERAL FUNDFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Variance withData Final Budget

Control PositiveCodes Original Final Actual (Negative)

Revenues 5700 Local Sources 98,391,802$ 108,988,115$ 110,771,884$ 1,783,769$5800 State Program Revenues 62,961,636 67,440,097 67,466,886 26,789 5900 Federal Program Revenues 950,000 950,000 1,957,917 1,007,917 5020 Total Revenues 162,303,438 177,378,212 180,196,687 2,818,475

ExpendituresCurrent

0011 Instruction 92,560,003 90,170,346 87,712,955 2,457,391 0012 Instructional Resources & Media Svcs 2,355,170 2,359,952 2,256,020 103,932 0013 Curriculum and Instructional Development 886,312 897,855 802,978 94,877 0021 Instructional Leadership 2,858,940 2,865,934 2,307,630 558,304 0023 School Leadership 11,561,161 11,590,541 10,434,958 1,155,583 0031 Guidance and Counseling Services 5,209,208 4,769,555 4,163,252 606,303 0032 Social Work Services 486,529 812,649 603,676 208,973

0033 Health Services 2,184,064 2,190,953 1,839,060 351,893 0034 Student (Pupil) Transportation 6,982,062 11,539,018 11,413,911 125,107 0035 Food Services 39,770 49,770 48,904 866 0036 Cocurricular/Extracurricular Activities 4,151,050 4,474,098 4,437,573 36,525 0041 General Administration 5,986,567 12,261,546 12,168,271 93,275 0051 Plant Maintenance and Operations 22,950,483 28,419,662 28,143,308 276,354 0052 Security and Monitoring Services 2,149,962 2,683,234 2,519,579 163,655 0053 Data Processing Services 1,540,082 1,556,830 1,532,877 23,953 0061 Community Services 118,769 218,030 167,010 51,020 0071 Debt Service - Principal on long-term debt - - - - 0072 Debt Service - Interest on long-term debt - - - - 0073 Debt Service - Bond Issuance Cost and Fees - - - - 0081 Facilities Acquisition and Construction - 948,619 569,568 379,051 0093 Shared Service Arrangements/Deaf Program 90,826 157,274 157,274 -

0095 Juvenile Justice Alternative Education 183,750 183,750 183,750 -

6030 Total Expenditures 162,294,708 178,149,616 171,462,555 6,687,062 Excess (Deficiency) of Revenues

1100 Over (Under) Expenditure 8,730 (771,404) 8,734,132 (3,868,587) Other Financing Sources (Uses):

7912 Sale of Real Property 1,000 1,000 - 1,000 7915 Operating Transfers In 1,260,000 1,260,000 17,045 1,242,955 8911 Operating Transfers Out (1,269,730) (4,649,730) (5,034,067) 384,337 7080 Total Other Financing Sources (Uses) (8,730) (3,388,730) (5,017,022) 1,628,292

1200 Net Changes in Fund Balance - (4,160,134) 3,717,110 (2,240,295)

0100 Fund Balance - September 1 (Beginning) 44,257,257 44,257,854 44,257,854 -

3000 Fund Balance - August 31 (Ending) 44,257,257$ 40,097,720$ 47,974,964$ 2,240,295-$

Budgeted Amounts

59



BEAUMONT INDEPENDENT SCHOOL DISTRICTNOTES TO REQUIRED SUPPLEMENTARY INFORMATIONFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

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NOTE 1: Stewardship, Compliance and Accountability

Budgetary Information

The Board of Trustees adopts an “appropriated budget” on a basis consistent with GAAP for the General

Fund, Debt Service Fund and Food Service Fund, which is included in Special Revenue Funds. At aminimum, the District is required to present the original and the final amended budgets for revenues andexpenditures compared to actual revenues and expenditures for these three funds.

The following procedures are followed in establishing the budgetary data reflected in the general purposefinancial statements:

• Prior to August 20 th the district prepares a budget for the next fiscal year beginning September 1. Theoperating budget includes proposed expenditures and the means of financing them.

• After one or more budget workshops with the Board, a meeting is called for the purpose of adoptingthe proposed budget. At least ten (10) days but no more than thirty (30) days public notice for themeeting is required.

• Prior to August 31 st, the Board of Trustees legally adopts the budget for the General Fund, DebtService Fund and Food Service Fund through passage of a resolution.

After the budget is approved, it can only be amended at the function and fund level by approval of a majorityof the Board. Amendments are presented to the Board at its regular meetings for their approval. As requiredby law, such amendments are made before the fact, are reflected in the official minutes of the Board, and arenot made after fiscal year end. Total expenditures may not exceed total appropriations, as amended, by fundat the function level. Because the District has a policy of careful budgetary control, several budgetaryamendments were necessary throughout the year.

Encumbrance accounting, under which purchase orders, contracts and other commitments are recorded inorder to reserve that portion of the applicable appropriation, is used in all governmental funds. Encumbrancesoutstanding at year-end are commitments that do not constitute expenditures or liabilities, but are reported asreservations of fund balances. Since appropriations lapse at the end of each year, outstanding encumbrancesare provided for in the subsequent fiscal year’s budget.

End of year outstanding encumbrances that were provided for in the subsequent year’s budget are presentedas below:

General Fund 493,038$Capital Improvements Fund 3,247,047 Total Outstanding Encumbrances 3,740,085$



Non-Major Governmental Funds

SPECIAL REVENUE FUNDS

The Special Revenue Funds account for all designated purpose monies received in the formof federal, state and local grants. These grants, referred to as projects, are awarded to theBeaumont Independent School District for the purpose of accomplishing specifiededucational tasks; therefore, revenues and expenditures are recorded by project or similargroup of projects related by funding to accomplish the purpose of accounting for eachgrant.

Head Start – To account for grant awarded funds to be used by 510 three and four year olds forComprehensive Child Development Program, providing education, health, nutrition, psychologicalservices and special services to children with disabilities to include social services and parentinvolvement.

Head Start Body Start Play Space – To account for grant awarded funds for support the playspace enhancements of Southerland Head Start .

McKinney-Vento Homeless Grant - To account for the grant awarded funds to be used to offereducational and related services to homeless children and youth to promote the enrollment,attendance, and academic success of homeless children and youth in schools.

ESEA Title I Part A Improving Basic Programs – To account for grant awarded funds to beused to enable schools to provide opportunities for children served to acquire the knowledge andskills contained in the challenging state content standards and to meet the state performancestandards developed for all children.

ESEA Title I Part D Prevention & Intervention – To account for grant awarded funds tomaintain and improve educational achievement for students attending Jefferson County JuvenileDetention.

Title II AEFLA Section 225 Corrections & Institutionalized – To account for grant awardedfunds to be used for undereducated adults in Corrections and Institutions.

IDEA Part B Formula – To account for grant awarded funds to be used by students with specificlearning disabilities who have been evaluated for individual educational plan.

IDEA Part B Preschool – To account for grant awarded funds to be used by individuals withspecific learning disabilities under three years of age who have been evaluated for earlyintervention services.

IDEA Part B Discretionary Deaf – To account for grant awarded funds to be used by studentswith specific learning disabilities who have been evaluated for an individual educational plan.

IDEA Part B Discretionary Residential – To account for grant awarded funds to be used bystudents who reside in a private residential placement with specific learning disabilities who havebeen evaluated for an individual educational plan.

IDEA Part B Formula Regional Day School Programs for the Deaf – To account for grantawarded funds to be used by students with specific learning disabilities who have been evaluatedfor an individual educational plan.

IDEA Part B Preschool Deaf – To account for grant awarded funds to be used by student withspecific learning disabilities under three years of ages who have been evaluated for earlyintervention services.

National School Breakfast and Lunch Program – To account for grant awarded funds forstudent breakfast and lunch programs.



SPECIAL REVENUE FUNDS, Continued

Fresh Fruit and Vegetable Program – To account for grant awarded funds that can be animportant catalyst for change in our efforts to combat childhood obesity by helping children learnmore healthful eating habits. The Program has been successful in introducing school children to avariety of produce that they otherwise might not have the opportunity to sample.

Career & Technical - Technical Preparation – To account for grant awarded funds to use for

health science technology training.

Career & Technical Education – To account for grant awarded funds to be used for career andtechnology education.

IDEA Part C Early Childhood Intervention – To account for grant awarded funds to be used byindividuals with specific learning disabilities under three years of age who have been evaluatedfor early intervention services.

ESEA Title II Part A Teacher Principal Training Recruitment (TPTR )– To account for grantawarded funds for professional development and hiring to campuses (a) with the lowestproportion of highly qualified teachers, (b) with the largest average class size or (c) identified forimprovement under Title I, Part A.

Title I Part B Capacity Building Sites in Reading – To account for grant awarded funds toestablish reading programs for students in kindergarten through grade three, to ensure that everystudent can read at grade level or above not later that the end of grade three. Schools beingserved are as follows: Amelia, Curtis, Fehl, Field, Guess, Ogden, Regina and DishmanElementary.

Title I Part B Demonstration Sites in Reading – To account for grant awarded funds toestablish reading programs for students in kindergarten through grade three, to ensure that everystudent can read at grade level or above not later that the end of grade three. The grant is fundedfor Price Elementary School.

ESEA Title III Part A Language Enhancement – To account for grant awarded funds toimproving the English proficiency and academic achievement for LEP children.

ESEA Title III Part A Immigrant Grant – To account for grant awarded funds to improving theEnglish proficiency and academic achievement for immigrant children.

Texas 21 st Century Community Learning Grant – To account for grant awarded funds thatprovide a high-quality extended learning opportunity outside the regular school day to students inneed of academic assistance.

ARRA Title XIV State Fiscal Stabilization Funding – To account for the grant that was awardedto the state Governors by the U. S. Department of Education based on a commitment to advanceessential education reforms to benefit students from early learning through post secondaryeducation. Funding is made available under the American Recovery and Reinvestment Act of2009.

Medicaid Administrative Claim Program – To account for federal grant funds used toreimburse eligible administrative expenditures attributed to the implementation of the Medicaidstate plan and to improve access to health-related services for students.

ARRA Title I Part D Technology – To account for grant awarded funds which helps for theimplementation and support of a comprehensive system using technology to improve studentacademic achievement. Funding is made available under the American Recovery andReinvestment Act of 2009.




Homeless Education Disaster Assistance Program - To account for the grant awarded directlyfrom U. S. Department of Education to support activities that address the educational and relatedneeds of homeless students.

FEMA – Hurricane Grants- To account for grant awarded from Federal Emergency ManagementAssistance to cover costs disallowed by insurance.

ARRA IDEA Part B Formula – To account for grant awarded funds to be used by students withspecific learning disabilities who have been evaluated for individual educational plan. Funding ismade available under the American Recovery and Reinvestment Act of 2009.

ARRA IDEA Part B Preschool – To account for grant awarded funds to be used by individualswith specific learning disabilities under three years of age who have been evaluated for earlyintervention services. Funding is made available under the American Recovery and ReinvestmentAct of 2009.

ARRA ESEA Title I Part A Improving Basic Programs – To account for grant awarded fundswith the intention to save jobs, support states and school districts, and advance reforms andimprovements for early learning, K-12, and post-secondary education. Funding is made availableunder the American Recovery and Reinvestment Act of 2009.

ARRA ESEA Title I Part D Prevention & Intervention – To account for grant awarded funds tomaintain and improve educational achievement for students attending Jefferson County JuvenileDetention. Funding is made available under the American Recovery and Reinvestment Act of2009.

ARRA Texas Title I Priority School – To account for grant awarded funds for improvement,corrective action, or restructuring of eligible campuses that demonstrate the greatest need for thefund and the strongest commitment to use the funds to provide adequate resources in order toraise substantially the achievement of their students so as to enable the schools to makeadequate yearly progress and exit improvement status. Funding is made available under theAmerican Recovery and Reinvestment Act of 2009.

ARRA Education Job Fund – To account for grant awarded funds to create education jobs forthe 2010-2011 school year. Jobs funded under this program include those that provideeducational and related services for early childhood, elementary, and secondary education.

SLDS Classroom Link to ISDS – To account for grant awarded funds from the StatewideLongitudinal Data Systems (SLDS) Grant Program for the district to make data-informeddecisions to improve student learning and outcomes; as well as to facilitate research to increasestudent achievement and close achievement gaps.

ARRA COPS Hiring Recovery – To account for federal grant awarded funds from USDepartment of Justice to hire one police officer for three years. Funding is made available underthe American Recovery and Reinvestment Act of 2009.

WIA Dislocated Workers – To account for grant awarded funds to conduct job related instructionclasses for registered apprenticeship training programs. Funding is made available under theAmerican Recovery and Reinvestment Act of 2009.

Child Care Local Initiative Program – To account for grant awarded funds to provide anopportunity for teen parents to develop job skills that will allow them to make a smooth transitionfrom school to the workplace.

State Administrative Matching Grant for the Supplemental Nutrition Assistance Program – To account for grant awarded funds to conduct job related instruction classes for registeredapprenticeship training programs.




Libraries Enhancing Academic Performance (LEAP) – To account for grant awarded funds toimprove student reading skills and academic achievement by providing students with increasedaccess to up-to-date school library materials.

Title II AEFLA Section 231 Federal – To account for grant awarded funds to effectively outreachundereducated adults who may be unaware of adult education and literacy services.

Adult Education Federal TANF – To account for grant awarded funds to ensure studentparticipation and progress in effective and comprehensive adult education and literacy programs.

Non-Educational Community Based Support Services – To account for grant awarded fundsfor student services outside the students’ instructional day.

Life Skills for Parent Students – To account for grant awarded funds to provide an opportunityfor teen parents to develop job skills that will allow them to make a smooth transition from schoolto the workplace.

Investment Capital Fund – To account for grant awarded funds to improve student achievementat the campus level through staff development and parent training for campus deregulation andrestructuring

Student Success Initiative Grant – To account for grant awarded program to meet the needs ofstudents experiencing difficulties in their reading development.

Algebra Readiness Grant – To account for grant awarded funds to implement programs thatincrease the preparedness of middle school students to meet standards and pass futureassessments in Algebra I.

Texas High School Initiative Early Warning Data – To account for grant awarded funds gearedat increasing student performance and staff success with data management.

Technology Allotment – To account for grant awarded funds to purchase technological softwareand equipment that contributes to student learning and pay for staff development for teachersinvolved in the use of these materials.

Qualified Consolidated Master Teacher Certification – To account for stipends paid to certifiedmaster mathematics, science and reading teachers.

Prekindergarten Early Start Grant – To account for grant awarded funds to prepare students toenter kindergarten on or above grade level, by expanding the state’s capacity to provide high-qualityservices to a greater number of eligible preschool students.

Texas Fitness Now – To account for grant awarded funds to guide middle school students intobeing physically active for a lifetime.

Statewide Tools for Teaching Excellence – To account for grant awarded funds geared atincreasing student performance and staff success with data management.

Read to Succeed – To account for grant awarded funds from Texas Department ofTransportation to provide educational materials for school libraries.

Apprenticeship Training State – To account for grant awarded funds to conduct job relatedinstruction classes for registered apprenticeship training programs.

High School Allotment – To account for grant awarded funds for academically rigorous coursework, advanced academic opportunities, college readiness programs which will improve studentachievement in secondary schools.




District Award Teacher Excellence (DATE) – To account for grant awarded funds used toreward campus personnel who positively impact student academic improvement, growth, and/orachievement

Title II AEFLA State – To account for grant awarded funds to ensure student participation andprogress in effective and comprehensive adult education and literacy programs.

Adult Education State TANF – To account for grant awarded funds to ensure studentparticipation and progress in effective and comprehensive adult education and literacy programs.

Regional Day School for the Deaf State – To account for grant awarded funds to be used bystudents with specific learning disabilities who have been evaluated for an individual educationalplan.

Regional Day School for the Deaf Local – To account for grant awarded funds to be used bystudents with specific learning disabilities who have been evaluated for an individual educationalplan.

Natatorium Swim Program – To account for local program funds used to run a summer swimprogram for students.

Apprenticeship Training Local – To account for local program funds used for additional cost ofinstructors.

After School Programs – To account for local program funds to be used to operate an after-school program.

ExxonMobil Green Team – To account for local program funds used to employ high schoolsenior students in a summer work program.

ExxonMobil Reading Initiative – To account for local program funds used for a reading initiativeprogram.

Texas School Ready Project – To account for local program funds used for the Texas Early

Education Model (TEEM) project funded by The University of Texas at Austin.

Community Education – To account for local program funds which help operate the communityeducation program.

Adult Education GED Testing – To account for local program funds which operate the GEDtesting program.

Entergy Grants – To account for local program funds to be used at Odom Academy.

Thomas Center Scoreboard – To account for local program funds that fund the advertisementand local booster clubs run the concession.

Learn to Read Program – To account for local program funds to purchase personalized booksfor second grade students.



DEBT SERVICE FUNDS

The Debt Service Funds are devoted to the payment of interest and principal on all long-termgeneral obligation debt. A brief description of each fund follows:

Debt Service Fund – To accumulate resources for the payment of interest and principal on alllong-term general obligation debt of the District.

Public Facilities Corporation – To account for the authorized lease revenue bond principal andinterest payments for the Corporation.



BEAUMONT INDEPENDENT SCHOOL DISTRICTCOMBINING BALANCE SHEETNON-MAJOR GOVERNMENTAL FUNDSAUGUST 31, 2011

205 205 206 211

Head Start McKinney- ESEAData Body Vento Title I Part A

Control Start Homeless ImprovingCodes Head Start Play Space Grant Basic Prgms

Assets1110 Cash and Temporary Investments (market) -$ -$ -$ 116,036$1220 Property Taxes - Delinquent - - - - 1230 Allowances for Uncollectible Taxes (credit) - - - - 1240 Due from State/Federal Agencies 702,072 - 12,581 321,102 1260 Due from Other Funds - - - - 1290 Sundry Receivables - - - - 1310 Inventories - - - -

1000 Total Assets 702,072$ -$ 12,581$ 437,138$

Liabilities2110 Accounts Payable 9,795$ -$ 941$ 14,500$

2150Payroll Deduction and WithholdingsPayable - - - -

2160 Accrued Wages Payable 131,707 - - 422,638 2170 Interfund Payables 560,570 - 11,640 - 2180 Due to State/Federal Agency - - - - 2300 Deferred Revenues - - - -

2000 Total Liabilities 702,072 - 12,581 437,138

Fund BalanceNonspendable:

3410 Inventory - - - -

3420 Indebtedness - - - - Restricted for:3450 Reserve for Food Service - - - -

3000 Total Fund Balance - - - -

4000 Total Liabilities and Fund Balance 702,072$ -$ 12,581$ 437,138$

68



EXHIBIT F-1(CONTINUED)

211 220 224 225 226 226 227

ESEA Title II AEFLA IDEA IDEA IDEATitle I Part D Section 225 IDEA IDEA Part B Part B Part B

Prevention Corrections & Part B Part B Discretionary Residential Formula& Intervention Institutionalized Formula Preschool Deaf Placement RDSPD

-$ -$ 404,309$ -$ 2,522$ -$ -$- - - - - - - - - - - - - - - 1,959 157,912 45,858 12,539 - 19,115 - - - - - - - - - - - - - - - - - - - - -

-$ 1,959$ 562,221$ 45,858$ 15,061$ -$ 19,115$

-$ -$ 32,514$ -$ -$ -$ -$

- - - - - - - - - 149,413 4,234 15,061 - 6,381 - 1,959 - 41,624 - - 12,734 - - 380,294 - - - - - - - - - - -

- 1,959 562,221 45,858 15,061 - 19,115

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

-$ 1,959$ 562,221$ 45,858$ 15,061$ -$ 19,115$

69




228 240 240 243

IDEA National FreshData Part B School Fruit Career &

Control Preschool Breakfast & & Vegetable TechnicalCodes Deaf Lunch Prgm Program Tech Prep

Assets1110 Cash and Temporary Investments (market) 108$ 1,319,497$ -$ -$1220 Property Taxes - Delinquent - - - - 1230 Allowances for Uncollectible Taxes (credit) - - - - 1240 Due from State/Federal Agencies 690 381,896 - - 1260 Due from Other Funds - - - - 1290 Sundry Receivables - - - - 1310 Inventories - 181,769 - -

1000 Total Assets 798$ 1,883,162$ -$ -$

Liabilities2110 Accounts Payable -$ 258,150$ -$ -$


2160 Accrued Wages Payable 798 210,084 - - 2170 Interfund Payables - 87,286 - - 2180 Due to State/Federal Agency - - - - 2300 Deferred Revenues - - - -

2000 Total Liabilities 798 555,520 - -


3410 Inventory - 181,769 - -

3420 Indebtedness - - - - Restricted for:3450 Reserve for Food Service - 1,145,873 - -

3000 Total Fund Balance - 1,327,642 - -

4000 Total Liabilities and Fund Balance 798$ 1,883,162$ -$ -$

70




244 253 255 261 261 263 263ESEA ESEA

IDEA ESEA Title I Title I Title III Title IIICareer & Part C Title II Part B Part B Part A Part ATechnical Early Childhood Part A Capacity Building Demonstration Language ImmigrantEducation Intervention TPTR Sites in Reading Sites in Reading Enhancement Grant

30,934$ -$ 7,248$ -$ -$ 18,743$ -$- - - - - - - - - - - - - -

15,044 - 214,917 265,842 74,083 8,360 13,972 - - - - - - - - - - - - - - - - - - - - -

45,978$ -$ 222,165$ 265,842$ 74,083$ 27,103$ 13,972$

-$ -$ 18,203$ 114,493$ -$ 24,035$ 13,972$

- - - - - - - 36,170 - 203,962 - - 3,068 -

9,808 - - 151,349 74,083 - - - - - - - - - - - - - - - -

45,978 - 222,165 265,842 74,083 27,103 13,972

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

45,978$ -$ 222,165$ 265,842$ 74,083$ 27,103$ 13,972$

71




265 266 272 279Texas ARRA

21st Title XIV ARRAData Century State Fiscal Medicaid Title I

Control Community Stabilization Administrative Part DCodes Learning Grant Funding Claim Program Technology

Assets1110 Cash and Temporary Investments (market) -$ -$ 3,533$ -$1220 Property Taxes - Delinquent - - - - 1230 Allowances for Uncollectible Taxes (credit) - - - - 1240 Due from State/Federal Agencies 703,638 751,738 45,039 528 1260 Due from Other Funds - - - - 1290 Sundry Receivables - - - - 1310 Inventories - - - -

1000 Total Assets 703,638$ 751,738$ 48,572$ 528$

Liabilities2110 Accounts Payable 1,938$ -$ -$ 386$


2160 Accrued Wages Payable 168,174 - - - 2170 Interfund Payables 533,526 751,738 - 142 2180 Due to State/Federal Agency - - - - 2300 Deferred Revenues - - 48,572 -

2000 Total Liabilities 703,638 751,738 48,572 528





4000 Total Liabilities and Fund Balance 703,638$ 751,738$ 48,572$ 528$

72




280 282 283 284 285 285 286Homeless ARRAEducation ARRA ARRA ARRA ESEA ARRADisaster FEMA IDEA IDEA ESEA Title I Part D TexasAssistant Hurricane Part B Part B Title I Part A Prevention Title IProgram Grants Formula Preschool Improving Basic & Intervention Priority School

-$ -$ -$ -$ -$ -$- - - - - - - - - - - - - - - 1,607,195 473,063 576 27,420 278 67,360 - - - - - - - - - - - - - - - - - - - - -

-$ 1,607,195$ 473,063$ 576$ 27,420$ 278$ 67,360$

-$ -$ 39,142$ -$ 897$ -$ 26,239$

- - - - - - - - - - - - 23,814 - 1,607,195 433,921 576 26,523 278 17,307 - - - - - - - - - - - - - -

- 1,607,195 473,063 576 27,420 278 67,360

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

-$ 1,607,195$ 473,063$ 576$ 27,420$ 278$ 67,360$

73




287 287 287 287

ARRA SLDS ARRAData Education Classroom COPS WIA

Control Job Link to Hiring DislocatedCodes Fund ISDS Recovery Workers

Assets1110 Cash and Temporary Investments (market) -$ -$ -$ -$1220 Property Taxes - Delinquent - - - - 1230 Allowances for Uncollectible Taxes (credit) - - - - 1240 Due from State/Federal Agencies - 14,411 8,087 21,314 1260 Due from Other Funds - - - - 1290 Sundry Receivables - - - - 1310 Inventories - - - -

1000 Total Assets -$ 14,411$ 8,087$ 21,314$

Liabilities2110 Accounts Payable -$ -$ -$ 52$


2160 Accrued Wages Payable - - - - 2170 Interfund Payables - 14,411 8,087 21,262 2180 Due to State/Federal Agency - - - - 2300 Deferred Revenues - - - -

2000 Total Liabilities - 14,411 8,087 21,314





4000 Total Liabilities and Fund Balance -$ 14,411$ 8,087$ 21,314$

74




288 289 289 309 312 392 394State Admin.

Child Matching Libraries Title II Adult Non-Educational LifeCare Local Grant for the Enhancing AEFLA Education Community Skills

Initiative Supplemental Academic Section 231 Federal Based Support for ParentProgram Nutrition Prgm Performance Federal TANF Services Students

52,503$ -$ -$ -$ -$ -$ -$- - - - - - - - - - - - - - - - 155,545 108,488 23,118 - 23,259 - - - - - - - - - 257 - - - - - - - - - - -

52,503$ -$ 155,802$ 108,488$ 23,118$ -$ 23,259$

-$ -$ 60,353$ 1,154$ -$ -$ -$

- - - - - - - 52,503 - 33,308 24,136 - - -

- - 62,141 83,198 23,118 - 23,259 - - - - - - - - - - - - - -

52,503 - 155,802 108,488 23,118 - 23,259

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

52,503$ -$ 155,802$ 108,488$ 23,118$ -$ 23,259$

75




399 404 404 409

Student Texas HighData Investment Success Algebra School

Control Capital Initiative Readiness EarlyCodes Fund Grant Grant Warning Data

Assets1110 Cash and Temporary Investments (market) -$ -$ -$ -$1220 Property Taxes - Delinquent - - - - 1230 Allowances for Uncollectible Taxes (credit) - - - - 1240 Due from State/Federal Agencies 58,266 64,909 75,666 54,170 1260 Due from Other Funds - - - - 1290 Sundry Receivables - - - - 1310 Inventories - - - -

1000 Total Assets 58,266$ 64,909$ 75,666$ 54,170$

Liabilities2110 Accounts Payable 27,868$ 16,912$ -$ 13,064$

2150 Payroll Deduction and Withholdings Payable - - - 53 2160 Accrued Wages Payable - - 15,579 4,202 2170 Interfund Payables 30,398 47,997 60,087 36,851 2180 Due to State/Federal Agency - - - - 2300 Deferred Revenues - - - -

2000 Total Liabilities 58,266 64,909 75,666 54,170





4000 Total Liabilities and Fund Balance 58,266$ 64,909$ 75,666$ 54,170$

76




411 414 415 427 427 427 427

Qualified Prekindergarten StatewideConsolidated Early Texas Tools for Read Apprenticeshi

Technology Master Teacher Start Fitness Teaching To TrainingAllotment Certification Grant Now Excellence Succeed State

16,900$ -$ -$ -$ 80,533$ -$ -$- - - - - - - - - - - - - - - - 250,769 36,626 - - 33,701 - - - - - - - - - - - - - - - - - - - - -

16,900$ -$ 250,769$ 36,626$ 80,533$ -$ 33,701$

16,900$ -$ 71,200$ 15,800$ -$ -$ 8,981$

- - 349 - - - - - - 48,148 - - - - - - 131,072 20,826 - - 24,720 - - - - - - - - - - 80,533 - -

16,900 - 250,769 36,626 80,533 - 33,701

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

16,900$ -$ 250,769$ 36,626$ 80,533$ -$ 33,701$

77




428 429 431 432

DistrictData High Awards Title II Adult

Control School Teacher AEFLA EducationCodes Allotment Excellence State State TANF

Assets1110 Cash and Temporary Investments (market) 156,760$ -$ -$ -$1220 Property Taxes - Delinquent - - - - 1230 Allowances for Uncollectible Taxes (credit) - - - - 1240 Due from State/Federal Agencies - 1,261,400 24,724 8,480 1260 Due from Other Funds - - - - 1290 Sundry Receivables - - - - 1310 Inventories - - - -

1000 Total Assets 156,760$ 1,261,400$ 24,724$ 8,480$

Liabilities2110 Accounts Payable -$ -$ 89$ -$


2160 Accrued Wages Payable - - 2,028 - 2170 Interfund Payables - 1,261,400 22,607 8,480 2180 Due to State/Federal Agency - - - - 2300 Deferred Revenues 156,760 - - -

2000 Total Liabilities 156,760 1,261,400 24,724 8,480





4000 Total Liabilities and Fund Balance 156,760$ 1,261,400$ 24,724$ 8,480$

78




435 446 482 483 484 485 487

Regional RegionalDay School Day School Apprenticeship Natatorium After ExxonMobil ExxonMobilfor the Deaf for the Deaf Training Swim School Green Reading

State Local Local Program Programs Team Initiative

-$ 730,368$ -$ 5,023$ 8,156$ -$ 91,446$- - - - - - - - - - - - - -

180,418 - - - - - - - - - - - - - - - - - - 12,681 - - - - - - - -

180,418$ 730,368$ -$ 5,023$ 8,156$ 12,681$ 91,446$

11,120$ -$ -$ -$ -$ -$ 25,112$

- - - - - - - 24,678 16,891 - - - - -

144,620 - - - - 12,681 - - - - - - - - - 713,477 - 5,023 8,156 - 66,334

180,418 730,368 - 5,023 8,156 12,681 91,446

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

180,418$ 730,368$ -$ 5,023$ 8,156$ 12,681$ 91,446$

79




488 489 490 491

TexasData School Adult

Control Ready Community Education EntergyCodes Project Education GED Testing Grants

Assets1110 Cash and Temporary Investments (market) 39,573$ 3,076$ 613$ 650$1220 Property Taxes - Delinquent - - - - 1230 Allowances for Uncollectible Taxes (credit) - - - - 1240 Due from State/Federal Agencies - - - - 1260 Due from Other Funds - - - - 1290 Sundry Receivables - - - - 1310 Inventories - - - -

1000 Total Assets 39,573$ 3,076$ 613$ 650$

Liabilities2110 Accounts Payable -$ -$ 613$ -$


2160 Accrued Wages Payable 39,573 3,076 - - 2170 Interfund Payables - - - - 2180 Due to State/Federal Agency - - - - 2300 Deferred Revenues - - 650

2000 Total Liabilities 39,573 3,076 613 650





4000 Total Liabilities and Fund Balance 39,573$ 3,076$ 613$ 650$

80



EXHIBIT F-1

492 494 518 500Total Total Total

Non-Major Non-Major Non-MajorThomas Learn Special Debt Public Debt GovernmentalCenter to Read Revenue Funds Service Facilities Service Funds Funds

Scoreboard Program 2011 Fund Corporation 2011 2011

133,646$ 5,000$ 3,227,177$ 512,802$ 3,180$ 515,982$ 3,743,159$- - - 2,115,595 - 2,115,595 2,115,595 - - - (183,240) - (183,240) (183,240) - - 8,328,128 7,912 - 7,912 8,336,040 - - - 136,189 - 136,189 136,189 - - 12,938 - - - 12,938 - - 181,769 - - - 181,769

133,646$ 5,000$ 11,750,012$ 2,589,258$ 3,180$ 2,592,438$ 14,342,450$

7,998$ 4,500$ 836,921$ -$ -$ -$ 836,921$

- - 402 - - - 402 - - 1,639,626 - - - 1,639,626 - - 6,359,474 - - - 6,359,474 - - 380,294 - - - 380,294

125,648 500 1,205,653 402,648 - 402,648 1,608,301

133,646 5,000 10,422,370 402,648 - 402,648 10,825,018

- - 181,769 - - - 181,769

- - - 2,186,609 3,180 2,189,789 2,189,789

- - 1,145,873 - - - 1,145,873

- - 1,327,642 2,186,609 3,180 2,189,789 3,517,431

133,646$ 5,000$ 11,750,012$ 2,589,257$ 3,180$ 2,592,437$ 14,342,449$

81



BEAUMONT INDEPENDENT SCHOOL DISTRICTCOMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCENON-MAJOR GOVERNMENTAL FUNDSFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

205 205 206 211

Head Start McKinney- ESEAData Body Vento Title I Part A

Control Start Homeless Improving BasicCodes Head Start Play Space Grant Programs

Revenues 5700 Local Sources -$ -$ -$ -$5800 State Program Revenues - - - - 5900 Federal Program Revenues 3,024,150 4,959 12,581 6,439,346 5020 Total Revenues 3,024,150 4,959 12,581 6,439,346

ExpendituresCurrent

0011 Instruction 2,191,488 4,959 12,581 4,393,130 0012 Instructional Resources & Media Services 31,171 - - - 0013 Curriculum and Instructional Development 34,249 - - 60,028 0021 Instructional Leadership 151,736 - - 1,304,317

0023 School Leadership 233,013 - - 27,184 0031 Guidance and Counseling Services - - - 171,182 0032 Social Work Services 185,330 - - 18,000 0033 Health Services 109,860 - - 4,249 0035 Food Services - - - - 0036 Cocurricular/Extracurricular Activities 2,236 - - - 0041 General Administration - - - 1,429 0051 Plant Maintenance and Operations 29,167 - - - 0052 Security and Monitoring Services - - - - 0053 Data Processing Services - - - - 0061 Community Services 55,900 - - 459,827 0071 Debt Service - Principal Retirement - - - - 0072 Debt Service - Interest and Fiscal Charges - - - - 0073 Debt Service - Bond Issuance Cost and Fees - - - -

6030 Total Expenditures 3,024,150 4,959 12,581 6,439,346 Excess (Deficiency) of Revenues

1100 Over (Under) Expenditures - - - -

Other Financing Sources (Uses):7915 Transfers In - - - - 7917 Prepaid Interest - - - -

7080 Total Other Financing Sources (Uses) - - - -

1200 Net Change in Fund Balance - - - -

0100 Fund Balance - September 1 (Beginning) - - - -

3000 Fund Balance - August 31 (Ending) -$ -$ -$ -$

82




211 220 224 225 226 226 227

ESEA Title II AEFLA IDEA IDEA IDEATitle I Part D Section 225 IDEA IDEA Part B Part B Part B

Prevention Corrections & Part B Part B Discretionary Discretionary Formula& Intervention Institutionalized Formula Preschool Deaf Residential RDSPD

-$ -$ -$ -$ -$ -$ -$- - - - - - -

115,862 15,702 3,099,554 98,678 60,976 55,151 40,496 115,862 15,702 3,099,554 98,678 60,976 55,151 40,496

- 15,702 2,973,035 98,678 60,976 55,151 40,496 - - - - - - - - - 17,365 - - - - - - 45,213 - - - -

- - - - - - - - - 6,791 - - - - - - 56,563 - - - - - - 587 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

115,862 - - - - - - - - - - - - - - - - - - - - - - - - - - -

115,862 15,702 3,099,554 98,678 60,976 55,151 40,496

- - - - - - -

- - - - - - - - - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

-$ -$ -$ -$ -$ -$ -$

83




228 240 240 243

IDEA National FreshData Part B School Fruit Career &

Control Preschool Breakfast & & Vegetable TechnicalCodes Deaf Lunch Prgm Program Tech Prep

Revenues 5700 Local Sources -$ 2,043,288$ -$ -$5800 State Program Revenues - 66,603 - - 5900 Federal Program Revenues 3,214 9,208,753 44,585 3,924 5020 Total Revenues 3,214 11,318,644 44,585 3,924

ExpendituresCurrent

0011 Instruction 3,214 - - 3,924 0012 Instructional Resources & Media Services - - - - 0013 Curriculum and Instructional Development - - - - 0021 Instructional Leadership - - - -

0023 School Leadership - - - - 0031 Guidance and Counseling Services - - - - 0032 Social Work Services - - - - 0033 Health Services - - - - 0035 Food Services - 11,177,611 44,585 - 0036 Cocurricular/Extracurricular Activities - - - - 0041 General Administration - - - - 0051 Plant Maintenance and Operations - 117,775 - - 0052 Security and Monitoring Services - - - - 0053 Data Processing Services - - - - 0061 Community Services - - - - 0071 Debt Service - Principal Retirement - - - - 0072 Debt Service - Interest and Fiscal Charges - - - - 0073 Debt Service - Bond Issuance Cost and Fees - - - -

6030 Total Expenditures 3,214 11,295,386 44,585 3,924 Excess (Deficiency) of Revenues

1100 Over (Under) Expenditures - 23,258 - -



1200 Net Change in Fund Balance - 23,258 - -

0100 Fund Balance - September 1 (Beginning) - 1,304,384 - -

3000 Fund Balance - August 31 (Ending) -$ 1,327,642$ -$ -$

84




244 253 255 261 261 263 263ESEA ESEA

IDEA ESEA Title I Title I Title III Title IIICareer & Part C Title II Part B Part B Part A Part ATechnical Early Childhood Part A Capacity Building Demonstration Language ImmigrantEducation Intervention TPTR Sites in Reading Sites in Reading Enhancement Grant

-$ -$ -$ -$ -$ -$ -$- - - - - - -

322,832 1,362 1,461,526 93,680 529,699 154,476 45,576 322,832 1,362 1,461,526 93,680 529,699 154,476 45,576

285,056 1,362 757,780 86,919 392,398 64,028 45,576 - - - - - - -

19,355 - 371,233 6,761 137,301 24,540 - 1,336 - 214,351 - - 8,324 -

- - 25,655 - - - - 17,085 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 92,507 - - 57,584 - - - - - - - - - - - - - - - - - - - - - -

322,832 1,362 1,461,526 93,680 529,699 154,476 45,576

- - - - - - -

- - - - - - - - - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

-$ -$ -$ -$ -$ -$ -$

85




265 266 272 279Texas ARRA21st Title XIV ARRA

Data Century State Fiscal Medicaid Title IControl Community Stabilization Administrative Part DCodes Learning Grant Funding Claim Program Technology

Revenues 5700 Local Sources -$ -$ -$ -$5800 State Program Revenues - - - - 5900 Federal Program Revenues 1,943,691 5,089,641 41,058 26,355 5020 Total Revenues 1,943,691 5,089,641 41,058 26,355

ExpendituresCurrent

0011 Instruction 1,767,294 4,614,161 19,202 6,776 0012 Instructional Resources & Media Services - - - - 0013 Curriculum and Instructional Development 10,450 - - 4,380 0021 Instructional Leadership 141,934 - - -

0023 School Leadership - - - - 0031 Guidance and Counseling Services - 475,480 - - 0032 Social Work Services - - - - 0033 Health Services 22,726 - 21,856 - 0035 Food Services - - - - 0036 Cocurricular/Extracurricular Activities - - - - 0041 General Administration - - - - 0051 Plant Maintenance and Operations - - - - 0052 Security and Monitoring Services - - - - 0053 Data Processing Services - - - 15,199 0061 Community Services 1,287 - - - 0071 Debt Service - Principal Retirement - - - - 0072 Debt Service - Interest and Fiscal Charges - - - - 0073 Debt Service - Bond Issuance Cost and Fees - - - -

6030 Total Expenditures 1,943,691 5,089,641 41,058 26,355 Excess (Deficiency) of Revenues







86




280 282 283 284 285 285 286Homeless ARRAEducation ARRA ARRA ARRA ESEA ARRADisaster FEMA IDEA IDEA ESEA Title I Part D TexasAssistant Hurricane Part B Part B Title I Part A Prevention Title IProgram Grants Formula Preschool Improving Basic & Intervention Priority School

-$ -$ -$ -$ -$ -$ -$- - - - - - -

35,007 - 2,083,236 25,674 1,289,652 19,096 643,524 35,007 - 2,083,236 25,674 1,289,652 19,096 643,524

28,378 - 1,619,449 25,674 1,102,048 - 396,139 - - - - - - 417 - - 42,006 - 58,669 - 46,093 - - 277,206 - 104,003 - 91,990

1,954 - - - - - 11,143 2,050 - 144,575 - - - 66,051 630 - - - - - - - - - - - - - - - - - - - 1,136 - - - - - - - - - - - - - - - - - - - - 1,488 - - - - - - - - - - - - - -

1,995 - - - 24,932 19,096 29,067 - - - - - - - - - - - - - - - - - - - - -

35,007 - 2,083,236 25,674 1,289,652 19,096 643,524

- - - - - - -

- - - - - - - - - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

-$ -$ -$ -$ -$ -$ -$

87




287 287 287 287

ARRA SLDS ARRAData Education Classroom COPS WIA

Control Job Link to Hiring DislocatedCodes Fund ISDS Recovery Workers

Revenues 5700 Local Sources -$ -$ -$ -$5800 State Program Revenues - - - - 5900 Federal Program Revenues - 14,411 52,231 76,229 5020 Total Revenues - 14,411 52,231 76,229

ExpendituresCurrent

0011 Instruction - - - - 0012 Instructional Resources & Media Services - - - - 0013 Curriculum and Instructional Development - - - - 0021 Instructional Leadership - 14,411 - -

0023 School Leadership - - - - 0031 Guidance and Counseling Services - - - - 0032 Social Work Services - - - - 0033 Health Services - - - - 0035 Food Services - - - - 0036 Cocurricular/Extracurricular Activities - - - - 0041 General Administration - - - - 0051 Plant Maintenance and Operations - - - - 0052 Security and Monitoring Services - - 52,231 - 0053 Data Processing Services - - - - 0061 Community Services - - - 76,229 0071 Debt Service - Principal Retirement - - - - 0072 Debt Service - Interest and Fiscal Charges - - - - 0073 Debt Service - Bond Issuance Cost and Fees - - - -

6030 Total Expenditures - 14,411 52,231 76,229 Excess (Deficiency) of Revenues







88




288 289 289 309 312 392 394State Admin.

Child Matching Libraries Title II Adult Non-Educational LifeCare Local Grant for the Enhancing AEFLA Education Community Skills

Initiative Supplemental Academic Section 231 Federal Based Support for ParentProgram Nutrition Prgm Performance Federal TANF Services Students

-$ -$ -$ -$ -$ -$ -$- - - - - 2,243 48,938

81,269 20,000 497,785 574,677 47,191 - - 81,269 20,000 497,785 574,677 47,191 2,243 48,938

- - - 432,043 45,810 - - - - 494,322 - - - - - - 3,463 2,745 1,381 - - - - - 121,389 - - -

- - - - - - - - - - - - - - 3,068 - - - - - 48,938

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

78,201 20,000 - 18,500 - 2,243 - - - - - - - - - - - - - - - - - - - - - -

81,269 20,000 497,785 574,677 47,191 2,243 48,938

- - - - - - -

- - - - - - - - - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

-$ -$ -$ -$ -$ -$ -$

89




411 414 415 427 427 427 427

Qualified Prekindergarten StatewideConsolidated Early Texas Tools for Read Apprenticeship

Technology Master Teacher Start Fitness Teaching To TrainingAllotment Certification Grant Now Excellence Succeed State

-$ -$ -$ -$ -$ -$ -$

582,405 27,705 1,041,300 57,510 21,725 90 120,531 - - - - - - -

582,405 27,705 1,041,300 57,510 21,725 90 120,531

571,045 27,705 363,059 47,738 - - - - - - - - 90 -

11,360 - 286,227 8,628 21,725 - - - - 392,014 1,144 - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 120,531 - - - - - - - - - - - - - - - - - - - - -

582,405 27,705 1,041,300 57,510 21,725 90 120,531

- - - - - - -

- - - - - - - - - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

-$ -$ -$ -$ -$ -$ -$

91




428 429 431 432

DistrictData High Awards Title II Adult

Control School Teacher AEFLA EducationCodes Allotment Excellence State State TANF

Revenues 5700 Local Sources -$ -$ -$ -$5800 State Program Revenues 159,601 1,366,242 204,918 22,702 5900 Federal Program Revenues - - - - 5020 Total Revenues 159,601 1,366,242 204,918 22,702

ExpendituresCurrent

0011 Instruction 145,715 1,063,872 168,584 22,702 0012 Instructional Resources & Media Services - 12,060 - - 0013 Curriculum and Instructional Development - 104,179 931 - 0021 Instructional Leadership - 4,370 34,403 -

0023 School Leadership - 73,934 - - 0031 Guidance and Counseling Services - 17,320 - - 0032 Social Work Services - - - - 0033 Health Services - 18,310 - - 0035 Food Services - 30,557 - - 0036 Cocurricular/Extracurricular Activities 13,886 - - - 0041 General Administration - - - - 0051 Plant Maintenance and Operations - 39,040 - - 0052 Security and Monitoring Services - - - - 0053 Data Processing Services - - - - 0061 Community Services - 2,600 1,000 - 0071 Debt Service - Principal Retirement - - - - 0072 Debt Service - Interest and Fiscal Charges - - - - 0073 Debt Service - Bond Issuance Cost and Fees - - - -

6030 Total Expenditures 159,601 1,366,242 204,918 22,702 Excess (Deficiency) of Revenues







92




435 446 482 483 484 485 487

Regional RegionalDay School Day School Apprenticeship Natatorium After ExxonMobil ExxonMobilfor the Deaf for the Deaf Training Swim School Green Reading

State Local Local Program Programs Team Initiative

-$ 501,555$ 600$ 38,763$ 72,497$ 39,225$ 72,498$666,578 - - - - - -

- - - - - - - 666,578 501,555 600 38,763 72,497 39,225 72,498

432,176 501,555 - - - - 72,498 5,099 - - - - - -

14,973 - - - - - - 133,392 - - - - - -

- - - - - - - 80,098 - - - - - - - - - - - - - 840 - - - - - - - - - - - - - - - - 38,763 - - - - - - - - 7,680 - - - - - - - - - - - - - - - - - - - - - - - - 600 - 72,497 31,545 - - - - - - - - - - - - - - - - - - - - - -

666,578 501,555 600 38,763 72,497 39,225 72,498

- - - - - - -

- - - - - - - - - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

-$ -$ -$ -$ -$ -$ -$

93




488 489 490 491

TexasData School Adult

Control Ready Community Education EntergyCodes Project Education GED Testing Grants

Revenues 5700 Local Sources 148,615$ 12,632$ 24,918$ 549$5800 State Program Revenues - - - - 5900 Federal Program Revenues - - - - 5020 Total Revenues 148,615 12,632 24,918 549

ExpendituresCurrent

0011 Instruction - - - 549 0012 Instructional Resources & Media Services - - - - 0013 Curriculum and Instructional Development - - - - 0021 Instructional Leadership 148,615 - - -

0023 School Leadership - - - - 0031 Guidance and Counseling Services - - - - 0032 Social Work Services - - - - 0033 Health Services - - - - 0035 Food Services - - - - 0036 Cocurricular/Extracurricular Activities - - - - 0041 General Administration - - - - 0051 Plant Maintenance and Operations - - - - 0052 Security and Monitoring Services - - - - 0053 Data Processing Services - - - - 0061 Community Services - 52,644 24,918 - 0071 Debt Service - Principal Retirement - - - - 0072 Debt Service - Interest and Fiscal Charges - - - - 0073 Debt Service - Bond Issuance Cost and Fees - - - -

6030 Total Expenditures 148,615 52,644 24,918 549 Excess (Deficiency) of Revenues

1100 Over (Under) Expenditures - (40,012) - -

Other Financing Sources (Uses):7915 Transfers In - 40,012 - - 7917 Prepaid Interest - - - -

7080 Total Other Financing Sources (Uses) - 40,012 - -




94



EXHIBIT F-2

492 494 518 500Total Total Total

Non-Major Non-Major Non-MajorThomas Learn Special Debt Public Debt GovernmentalCenter To Read Revenue Funds Service Facilities Service Funds Funds

Scoreboard Program 2011 Fund Corporation 2011 2011

-$ 4,500$ 2,959,640$ 24,024,109$ -$ 24,024,109$ 26,983,749$- - 5,391,015 - - - 5,391,015 - - 37,397,809 - - - 37,397,809 - 4,500 45,748,464 24,024,109 - 24,024,109 69,772,573

- 4,500 25,596,600 - - - 25,596,600 - - 543,159 - - - 543,159 - - 1,409,433 - - - 1,409,433 - - 3,337,542 - - - 3,337,542

- - 377,845 - - - 377,845 - - 981,172 - - - 981,172 - - 312,529 - - - 312,529 - - 178,428 - - - 178,428 - - 11,253,889 - - - 11,253,889

79,870 - 134,755 - - - 134,755 - - 41,163 - - - 41,163 - - 187,470 - - - 187,470 - - 52,231 - - - 52,231 - - 72,123 - - - 72,123 - - 1,366,749 - - - 1,366,749 - - - 5,730,000 1,000,000 6,730,000 6,730,000 - - - 19,416,568 219,730 19,636,298 19,636,298 - - - (211,421) 8,650 (202,771) (202,771)

79,870 4,500 45,845,088 24,935,147 1,228,380 26,163,528 72,008,615

(79,870) - (96,624) (911,039) (1,228,380) (2,139,419) (2,236,043)

80,188 - 120,200 - 1,228,380 1,228,380 1,348,580 - - - 98,984 - 98,984 98,984

80,188 - 120,200 98,984 1,228,380 1,327,364 1,447,564

318 - 23,576 (812,054) - (812,054) (788,478)

- - 1,304,384 2,998,663 3,180 3,001,843 4,306,227

318$ -$ 1,327,960$ 2,186,609$ 3,180$ 2,189,789$ 3,517,749$

95



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT F-3COMBINING STATEMENT OF NET ASSETSINTERNAL SERVICE FUNDSAUGUST 31, 2011

771 772

HealthInsurance

Fund

WorkersCompensation

Fund

TotalInternal

Service FundsAssets

Current Assets:Cash and Cash Equivalents 106,907$ 3,902,494$ 4,009,401$Other Current Assets - 461,701 461,701

Total Assets 106,907 4,364,195 4,471,102 Liabilities

Current Liabilities:Accounts Payable - 3,844,848 3,844,848 Payroll Liabilities - 5,445 5,445

Total Liabilities - 3,850,293 3,850,293 Net Assets

Unrestricted Net Assets 106,907$ 513,902$ 620,809$

96



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT F-4COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETSINTERNAL SERVICE FUNDSFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

771 772

Health

InsuranceFund

Workers

CompensationFund

Total

InternalService Funds

Operating Revenues

Local and Intermediate Sources 6,626$ 1,294,205$ 1,300,831$

Total Operating Revenues 6,626 1,294,205 1,300,831

Operating Expenses

Other Operating Costs - 2,243,663 2,243,663

Total Operating Expenses - 2,243,663 2,243,663

Operating Income 6,626 (949,458) (942,832)

NonOperating Revenues (Expenses)

Earnings from Temporary Deposits & Investments 281 7,753 8,034

Total Nonoperating Revenues (Expenses) 281 7,753 8,034

Income Before Transfers 6,907 (941,705) (934,798)

Transfers Out - -

Change in Net Assets 6,907 (941,705) (934,798)

Total Net Assets - September 1 (Beginning) 100,000 1,455,607 1,555,607

Total Net Assets - August 31 (Ending) 106,907 513,902 620,809

97



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT F-5COMBINING STATEMENT OF CASH FLOWSINTERNAL SERVICE FUNDSFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

771 772

Health

InsuranceFund

Workers

CompensationFund

Total

InternalService Funds

Cash Flows from Operating ActivitiesCash Received from User Charges -$ -$ -$Cash Received from Assessments - Other Funds 6,626 1,294,205 1,300,831 Cash Payments for Insurance Claims - (2,219,231) (2,219,231) Cash Payments for Other Operating Expenses - (24,433) (24,433)

Net Cash Provided by Other Operating Activities 6,626 (949,458) (942,832)

Cash Flows from Non-Capital Financing Activities

Increase (decrease) in Short-term Loans - - - Operating Transfer Out - - -

Net Cash used for Non-Capital Financing Activities - - -

Cash Flows from Investing ActivitiesInterest and Dividends on Investments 281 7,753 8,034

Net Increase (Decrease) in Cash and Cash Equivalents 6,907 (941,705) (934,798)

Cash and Cash Equivalents at Beginning of Year 100,000 5,305,900 5,405,900

Cash and Cash Equivalents at End of Year 106,907 4,364,195 4,471,102

Reconciliation of Operating Income to Net Cash Provided byOperating Activities

Operating Income 6,626 (949,458) (942,832)

Effect of Increases and Decreases in Current Assets and Liabilities:

Decrease (increase) in Prepaid Expenses - - - Increase (decrease) in Accounts Payable - - -

Net Cash provided by Operating Activities 6,626$ (949,458)$ (942,832)$

98



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT F-6STATEMENT OF CHANGES IN ASSETS AND LIABILITIESAGENCY FUNDAUGUST 31, 2011

Balance BalanceSeptember 1, 2010 Increases Decreases August 31, 2011

STUDENT ACTIVITY ACCOUNTSAssetsCash and Temporary Investments 825,638$ 2,360,423$ (2,351,397)$ 834,665$Due From Other Funds 10,212 - (10,212) -$

Total Assets 835,850 2,360,423 (2,361,609) 834,665

LiabilitiesDue to Student Groups 835,850 2,360,423 (2,351,397) 834,665

Total Liabilities 835,850 2,360,423 (2,351,397) 834,665

ALL AGENCY FUNDSAssets

Cash and Temporary Investments 825,638 2,360,343 3,185,981 Due From Other Funds 10,212 - (2,361,609) (2,351,397)

Total Assets 835,850 2,360,343 (2,361,609) 834,584

LiabilitiesDue to Student Groups 835,850 2,360,343 (2,361,609) 834,584

Total Liabilities 835,850$ 2,360,343$ (2,361,609)$ 834,584$

99



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT F-7COMBINING STATEMENT OF NET ASSETSPRIVATE PURPOSE TRUST FUNDSAUGUST 31, 2011

836 837 838 839 841 842

AlexDurley

Scholarship

JoeTonahill

Scholarship

MikeTaylor

Scholarship

CharlesWeinbaumScholarship

PaulBrown

Scholarship

Wells, Peyton,Greenberg &

HuntScholarship

TotalPrivate

PurposeTrust Funds

ASSETS

Current AssetsCash and Cash Equivalents 17,729$ 20,389$ 3,537$ 153$ 3,000$ 2,000$ 46,807$

Total Assets 17,729 20,389 3,537 153 3,000 2,000 46,807

LIABILITIESCurrent Liabilities:

Accounts Payable - - - - 3,000 500 3,500

Total Liabilities - - - - 3,000 500 3,500

NET ASSETSUnrestricted Net Assets 17,729 20,389 3,537 153 (0) 1,500 43,307

Total Net Assets17,729$ 20,389$ 3,537$ 153$ (0)$ 1,500$ 43,307$

100



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT F-8COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETSPRIVATE PURPOSE TRUST FUNDSFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

836 837 838 839 841 842

Alex

DurleyScholarship

Joe

TonahillScholarship

Mike

TaylorScholarship

Charles

WeinbaumScholarship

Paul

BrownScholarship

Wells,Peyton,

Greenberg &

HuntScholarship

TotalPrivate

PurposeTrust Funds

AdditionsLocal and Intermediate Sources 43$ 50$ 9$ 2$ 3,967$ 1,500$ 5,570$

Total Additions 43 50 9 2 3,967 1,500 5,570

DeductionsOther Operating Costs - - - 750 5,000 1,000 6,750

Total Deductions - - - 750 5,000 1,000 6,750

Change in Net Assets 43 50 9 (748) (1,033) 500 (1,180)

Net Assets - September 1 (Beginning) 17,686 20,339 3,528 901 1,033 1,000 44,487

Net Assets - August 31 (Ending)17,729$ 20,389$ 3,537$ 153$ (0)$ 1,500$ 43,307$

101



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT F-9SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCESBUDGET AND ACTUAL - NATIONAL SCHOOL BREAKFAST AND LUNCH PROGRAMFOR THE FISCAL YEAR ENDED AUGUST 31, 2011



Revenues 5700 Local Sources 4,411,357$ 4,411,357$ 2,043,288$ (2,368,069)$5800 State Program Revenues 69,625 69,625 66,603 (3,022) 5900 Federal Program Revenues 9,181,384 9,181,384 9,208,753 27,369

5020 Total Revenues 13,662,366 13,662,366 11,318,644 (2,343,722)

Expenditures0035 Food Services 13,536,044 13,536,044 11,177,611 2,358,433 0051 Plant Maintenance and Operations 126,322 126,322 117,775 8,547

6030 Total Expenditures 13,662,366 13,662,366 11,295,386 2,366,980

Excess (Deficiency) of Revenues

1100 Over (Under) Expenditures - - 23,258 23,258

1200 Net Changes in Fund Balance - - 23,258 23,258


3000 Fund Balance - August 31 (Ending) 1,304,384$ 1,304,384$ 1,327,642$ 23,258$

Budgeted Amounts

102



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT F-10SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCESBUDGET AND ACTUAL - DEBT SERVICE FUNDFOR THE FISCAL YEAR ENDED AUGUST 31, 2011



Revenues 5700 Local Sources 23,877,140$ 23,877,140$ 24,024,109$ 146,969$5020 Total Revenues 23,877,140 23,877,140 24,024,109 146,969

Expenditures0071 Debt Service - Principal on long-term debt 23,388,127 23,388,127 5,730,000 17,658,127 0072 Debt Service - Interest on long-term debt 19,416,568 (19,416,568) 0073 Debt Service - Bond Issuance Cost and Fees (211,421) 211,421

6030 Total Expenditures 23,388,127 23,388,127 24,935,147 (1,547,020)

Excess (Deficiency) of Revenues1100 Over (Under) Expenditures 489,013 489,013 (911,038) (1,400,051)

Other Financing Sources (Uses):

7949 Other Resources - - 98,984 98,984 7080 Total Other Financing Sources (Uses) - - 98,984 98,984

1200 Net Changes in Fund Balance 489,013 489,013 (812,054) (1,301,067)


3000 Fund Balance - August 31 (Ending) 3,487,676$ 3,487,676$ 2,186,609$ (1,301,067)$

Budgeted Amounts

103



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT G-2SCHEDULE OF CHANGES BY FUNCTION AND ACTIVITYFOR THE FISCALYEAR ENDED AUGUST 31, 2011

Balance BalanceFunction and Activity September 1, 2010 Increases Decreases August 31, 2011

High SchoolsLand 3,186,054$ -$ -$ 3,186,054$Buildings and Improvements 84,686,780 3,625,727 - 88,312,507 Furniture and Equipment 2,075,045 248,984 (62,260) 2,261,769 Construction in Progress 2,030,030 20,265,747 (161,416) 22,134,360

Total High Schools 91,977,909 24,140,458 (223,676) 115,894,690

Middle SchoolsLand 1,947,930 119,165 - 2,067,095 Buildings and Improvements 56,692,438 4,179,598 (348,721) 60,523,315 Furniture and Equipment 1,230,370 116,243 (10,983) 1,335,629 Construction in Progress 1,900,888 16,905,989 (83,270) 18,723,607

Total Middle Schools 61,771,626 21,320,995 (442,974) 82,649,646

Elementary SchoolsLand 2,348,455 - - 2,348,455 Buildings and Improvements 65,023,524 129,748,521 (14,013,188) 180,758,856 Furniture and Equipment 2,910,327 2,886,185 (1,089,147) 4,707,364 Construction in Progress 40,579,632 17,821,428 (39,283,123) 19,117,939

Total Elementary Schools 110,861,938 150,456,134 (54,385,458) 206,932,614

Other CampusesLand 755,211 2,000 - 757,211 Building and Improvements 6,159,487 3,119,342 (540,938) 8,737,891 Furniture and Equipment 16,006,807 100,463 (278,369) 15,828,901 Construction in Progress 1,322,365 - (1,322,365) -

Total Other Campuses 24,243,870 3,221,805 (2,141,672) 25,324,003

AdministrationLand 439,630 - - 439,630 Building and Improvements 4,313,943 851,413 - 5,165,356 Furniture and Equipment 3,138,711 180,342 (174,116) 3,144,937 Construction in Progress 49,189 250,223 (49,189) 250,223

Total Administration 7,941,473 1,281,978 (223,305) 9,000,146

StadiumLand 4,328,592 - - 4,328,592 Building and Improvements 2,598,380 41,916,724 - 44,515,104 Furniture and Equipment 852,771 1,036,843 - 1,889,614 Construction in Progress 36,713,975 - (36,713,975) -

Total Stadium 44,493,718 42,953,567 (36,713,975) 50,733,310 Maintenance Complex and Other Sites

Land 190,652 - - 190,652 Building and Improvements 80,427 - (7,934) 72,493 Furniture and Equipment 1,501,395 122,979 (31,387) 1,592,987

Total Maintenance Complex 1,772,474 122,979 (39,321) 1,856,132

Total Capital Assets 343,063,008$ 243,497,916$ (94,170,381)$ 492,390,541$

105



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT G-3SCHEDULE BY LOCATIONFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Buildings Furniture Constructionand and in Balance

Location Land Improvements Equipment Progess August 31, 2011High Schools

Central 1,119,297$ 30,674,964$ 523,981$ -$ 32,318,242$Ozen 1,460,718 32,929,478 642,348 11,162,710 46,195,254 West Brook 579,690 20,324,747 705,451 10,971,650 32,581,538 Alternative Learning 13,350 846,709 75,175 - 935,234 Career Ctr 12,999 3,536,609 314,814 - 3,864,422

Total High Schools 3,186,054 88,312,507 2,261,769 22,134,360 115,894,690

Middle SchoolsAustin 410,097 11,215,278 167,687 14,429,225 26,222,287 Smith 260,831 8,722,871 231,277 - 9,214,979 King 487,935 13,835,727 155,855 - 14,479,517 South Park 476,518 1,073,969 200,697 3,359,597 5,110,781 Marshall 60,751 9,482,658 95,685 - 9,639,094 Odom 64,073 7,167,659 358,473 934,785 8,524,990

Vincent 306,890 9,025,153 125,955 - 9,457,998 Total Middle Schools 2,067,095 60,523,315 1,335,629 18,723,607 82,649,646

Elementary SchoolsAmelia 241,218 18,260,040 419,146 - 18,920,404 Bingman 295,116 - - - 295,116 Blanchette 94,876 - - - 94,876 Caldwood 37,278 541,669 55,020 11,250,643 11,884,610 Curtis 14,895 1,511,479 6,730 5,502,171 7,035,275 Dunbar 319,952 - - - 319,952 Fehl 48,152 113,000 - - 161,152 Field 64,318 1,521,993 106,429 1,894 1,694,634 Fletcher 456,184 10,456,839 209,416 - 11,122,439 French 14,616 - - - 14,616 Guess 23,067 5,988,024 148,886 - 6,159,977 Lucas 35,663 1,375,316 134,337 - 1,545,316 Martin 135,507 - - - 135,507 Ogden 143,392 - - - 143,392 Price 78,485 2,862,668 - - 2,941,153 Regina 248,335 18,568,890 549,865 - 19,367,090 Southerland 9,263 978,498 328,682 - 1,316,443 Homer Drive - 7,262,309 133,666 - 7,395,975 Pietzsch-MacArthur 38,365 13,947,237 217,310 - 14,202,912 Dishman 49,773 10,750,360 111,009 23,631 10,934,773 Bingman/Blanchette - 14,193,366 407,661 - 14,601,027 Lucas/Martin - 18,541,878 449,459 - 18,991,337 Field/French - 17,032,229 406,459 - 17,438,688 Dunbar/Ogden - 18,453,243 472,475 - 18,925,718 Fehl/Price - 16,697,887 550,814 - 17,248,701 Bingman Pre K - 1,175 - 2,337,425 2,338,600 Lucas Pre K - 1,700,756 - 2,175 1,702,931

Total Elementary Schools 2,348,455 180,758,856 4,707,364 19,117,939 206,932,614 (CONTINUED)

106



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT G-3SCHEDULE BY LOCATION (CONTINUED)FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Buildings Furniture Constructionand and in Balance

Location Land Improvements Equipment Progess August 31, 2011

Other Campuses

Oaks - 1,342,349 144,916 - 1,487,265

Brown Ctr - 642,528 127,912 - 770,440 Planetarium - 338,404 - - 338,404

Annex/Title Program - - - - -

Police Department - 70,311 575,308 - 645,619

Outdoor Education Ctr 150,064 116,179 9,000 - 275,243

Adult Education Ctr 7,300 328,509 - - 335,809

Our Mother of Mercy - 13,988 - - 13,988

Cradles N Cribs - 42,007 - - 42,007

Grounds & Operations 6,559 326,074 9,110 - 341,743

Warehouse - 87,172 33,313 - 120,485

Transportation 445,105 567,867 14,766,565 - 15,779,537 Transportation Annex 60,831 3,352,208 42,170 - 3,455,209

Tyrrell Park 13,500 - - - 13,500

Ag Farm 73,852 1,510,295 75,315 - 1,659,462

Apprentice Program - - 45,292 - 45,292 Total Other Campuses 757,211 8,737,891 15,828,901 - 25,324,003

Administration

Harrison 96,591 4,588,889 3,046,371 - 7,731,851

Annex 343,039 576,467 98,566 250,223 1,268,295 Total Administration 439,630 5,165,356 3,144,937 250,223 9,000,146

Stadium

Babe Zaharias 637,108 2,073,858 30,132 - 2,741,098

West Brook - 146,052 - - 146,052

South Park - 378,470 - - 378,470

Athletic Complex 3,691,484 41,916,724 1,859,482 - 47,467,690 Total Stadium 4,328,592 44,515,104 1,889,614 - 50,733,310

Maintenance Complex and Other Sites

Maintenance 189,252 32,824 1,592,987 - 1,815,063

Live Oak 1,400 39,669 - - 41,069 Total Maintenance Complex 190,652 72,493 1,592,987 - 1,856,132

Total Capital Assets 13,317,689$ 388,085,522$ 30,761,201$ 60,226,129$ 492,390,541$

107



STATISTICAL SECTION



STATISITCAL SECTION

Contents Page

Financial Trends 111

These schedules contain trend information to help the reader understand how the District’s financial performance and well-being have changed over time.

Revenue Capacity 118

These schedules contain information to help the reader assess the District’s

most significant local revenue source, the property tax.

Debt Capacity 122

These schedules presents information to help the reader assess the affordability of the District’s current levels of outstanding debt and the District’s ability to issue additional debt in the future.

Demographic and Economic Information 126

These schedules offer demographic and economic indicators to help the reader understand the environment within the District’s financial activities take place.

Operating Information 127

These schedules contain service and infrastructure data to help the reader understand how the information in the District’s financial report relates to the services the district provides and the activities it performs.

109



BEAUMONT INDEPENDENT SCHOOL DISTRICTGOVERNMENTAL ACTIVITIES NET ASSETSFOR THE FISCAL YEAR ENDED AUGUST 31, 2011Last Ten Fiscal YearsAccrual Basis of Accounting

2002 2003 2004 2005 2006 2007 2008Governmental Activities:Invested in Capital Assets, Net

of Related Debt 72,385,686$ 69,107,537$ 74,644,255$ 68,033,072$ 73,351,368$ 93,795,169$ 90,548,198$ $Assigned 3,724,318 699,733 1,800,916 3,506,599 19,248,834 12,823,033 13,408,664Unassigned 18,718,470 29,565,445 25,799,842 38,329,765 45,631,852 39,201,038 42,698,101

Total Governmental ActivitiesNet Assets 94,828,474$ 99,372,715$ 102,245,013$ 109,869,436$ 138,232,054$ 145,819,240$ 146,654,963$ $

Source: District records

111



BEAUMONT INDEPENDENT SCHOOL DISTRICTCHANGES IN NET ASSETSFOR THE FISCAL YEAR ENDED AUGUST 31, 2011Last Ten Fiscal YearsAccrual Basis of AccountingExpensesGovernmental Activities: 2002 2003 2004 2005

Instruction 87,014,915$ 86,655,498$ 87,197,531$ 94,222,095$Instructional Resources & Media Services 2,005,157 1,908,547 1,923,421 2,018,056

Curriculum/Instructional Development 1,583,698 1,488,407 1,760,598 2,094,889 Instructional Leadership 3,488,072 3,619,597 3,673,182 3,961,434 School Leadership 8,503,679 8,489,520 8,551,433 8,677,465 Guidance and Counseling Services 4,247,029 4,132,555 4,173,304 4,021,938 Social Work Services 734,698 642,714 665,766 757,951 Health Services 1,660,989 1,654,509 1,681,833 1,681,737 Student (Pupil) Transportation 4,835,947 4,902,479 5,195,890 5,740,116 Food Services 9,139,221 8,866,256 9,390,651 9,584,703 Cocurricular/Extracurricular Activities 3,169,239 2,890,131 3,100,520 3,288,016 General Administration 4,321,858 4,421,110 4,387,277 4,964,051 Plant Maintenance and Operations 15,473,887 15,513,220 16,725,792 18,201,566 Security and Monitoring Services 661,277 658,050 872,250 858,181 Data Processing Services 1,082,141 964,855 1,062,722 982,919

Community Services 909,230 1,092,696 1,231,297 1,217,787 Debt Service - Principal on Long Term Debt - 3,193,188 2,760,660 2,522,017 Debt Service - Interest on Long Term Debt 3,585,277 50,305 48,637 81,965 Facilities Acquistion and Construction - - - - Shared Service Arrangements/Deaf Program 89,470 79,781 66,150 64,925 Juvenile Justice Alternative Education 168,000 169,475 180,802 183,750

Total Primary Government Expenses 152,673,784 151,392,893 154,649,716 165,125,561 Program RevenuesGovernmental Activities:

Charge for Services 677,395 596,495 841,534 627,889 Food Service 2,809,436 2,681,026 2,670,197 2,391,184 Cocurricular/Extracurricular Activities 327,442 296,723 307,752 396,043

Operating Grants and Contributions 28,241,869 32,020,843 30,657,357 41,362,726

Total Primary Government Program Revenues 32,056,142 35,595,087 34,476,840 44,777,842

Net (Expense) RevenueTotal Primary Government Net Expense (120,617,642) (115,797,806) (120,172,876) (120,347,719)

General Revenues and Other Changes in Net AssetsGovernmental Activities:Taxes

Property Taxes, Levied for General Purposes 90,948,872 89,875,257 93,107,048 98,582,406 Property Taxes, Levied for Debt Service 4,656,053 4,626,714 5,466,813 4,706,192

Grants and Contributions not Restricted 22,431,885 21,915,188 24,454,582 19,232,365 Investment Earnings 929,844 536,600 538,650 1,465,636 Miscellaneous Local and Intermediate 3,157,116 2,660,266 4,949,934 2,609,863 Transfers in (Out) - - - 1,375,680

Total Primary Government 122,123,770 119,614,025 128,517,027 127,972,142Extraordinary/Special Items:Arbitrage Rebate - - (558,984) - Tornado Damage - 728,022 - - Total Extraordinary/Special Items - 728,022 (558,984) - Change in Net AssetsTotal Primary Government 1,506,128$ 4,544,241$ 7,785,167$ 7,624,423$


112



BEAUMONT INDEPENDENT SCHOOL DISTRICTFUND BALANCES OF GOVERNMENTAL FUNDSFOR THE FISCAL YEAR ENDED AUGUST 31, 2011Last Ten Fiscal YearsModified Accrual Basis of Accounting

2002 2003 2004 2005 2006 2007 2008 2

General FundAssigned 2,573,722$ 740,172$ 1,195,583$ 3,271,637$ 10,605,990$ 3,963,254$ 2,473,256$ $ Unassigned 16,165,516 19,311,317 22,276,892 23,180,077 23,984,940 31,143,099 33,457,330

Total General Fund 18,739,238$ 20,051,489$ 23,472,475$ 26,451,714$ 34,590,930$ 35,106,353$ 35,930,586$ $

All Other Governmental FundsAssigned 3,934,071$ 3,708,026$ 3,740,139$ 3,253,306$ 3,939,961$ 8,288,736$ 3,685,315$ $ Unassigned, reported in:

Capital Projects Funds 347,506 286,650 291,664 1,996,257 16,624,847 10,187,780 76,719,772

Total All Other GovernmentalFunds 4,281,577$ 3,994,676$ 4,031,803$ 5,249,563$ 20,564,808$ 18,476,516$ 80,405,087$ $


Increase in Fund Balances are explained in Management Discussion and Analysis section of this CAFR.

115



BEAUMONT INDEPENDENT SCHOOL DISTRICTCHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDSFOR THE FISCAL YEAR ENDED AUGUST 31, 2011Last Ten Fiscal YearsModified Accrual Basis of Accounting

2003 2004 2005 2006Revenues:Local Sources 101,691,751$ 107,525,652$ 112,982,898$ 121,661,153$State Program Revenues 31,786,672 32,060,783 28,902,726 28,885,403 Federal Program Revenues 22,000,911 22,567,261 28,870,075 53,845,231

Total Revenues 155,479,334 162,153,696 170,755,699 204,391,787 Expenditures:Governmental Activities:

Instruction 85,043,104 85,898,510 91,143,470 99,615,665 Instructional Resources & Media Services 1,905,966 1,923,689 1,988,114 1,961,810 Curriculum/Instructional Development 1,533,017 1,751,294 2,094,889 1,932,461 Instructional Leadership 3,516,287 3,669,252 3,839,973 4,063,700 School Leadership 8,292,064 8,403,807 8,321,592 8,699,821 Guidance and Counseling Services 3,989,709 4,210,718 3,790,886 4,223,284 Social Work Services 594,911 657,711 704,828 733,704 Health Services 1,622,211 1,639,856 1,640,213 1,738,450 Student (Pupil) Transportation 5,780,683 6,143,671 7,272,574 7,231,376 Food Services 8,920,375 10,009,783 9,829,897 9,743,770 Cocurricular/Extracurricular Activities 2,905,111 3,119,702 3,338,978 3,657,317 General Administration 4,378,403 4,592,139 4,870,248 5,060,586 Plant Maintenance and Operations 15,485,967 16,854,071 18,292,811 30,826,043 Security and Monitoring Services 658,050 879,026 858,182 842,715 Data Processing Services 928,951 1,213,490 1,059,575 2,067,951 Community Services 1,059,871 1,239,545 1,192,402 1,395,485 Debt Service - Principal on Long Term Debt 4,079,419 4,280,611 4,032,287 4,405,000 Debt Service - Interest on Long Term Debt 3,147,969 2,720,643 2,393,353 1,909,724 Debt Service - Bond Issuance Cost and Fees 184,293 59,028 52,564 191,811 Facilities Acquisition and Construction 1,323,962 3,008,880 969,161 3,504,081 Shared Service Arrangements/Deaf Program 79,781 66,150 64,925 60,025 Juvenile Justice Alternative Education 169,474 180,802 183,750 157,500

Total Expenditures 155,599,578 162,522,378 167,934,672 194,022,279 Excess (Deficiency) of Revenues Over (Under)Expenditures (120,244) (368,682) 2,821,027 10,369,508 Other Financing Sources (Uses):Proceeds from Issuance of Refunding of Bonds 9,381,436 18,292,808 - 12,287,011 Sale of Real and Personal Property 8,880 3,722 292 1,557 Proceeds from Capital Lease 247,062 - - - Maintenance Tax Notes - 4,145,000 - - Transfer In 2,515,118 4,416,909 4,324,620 27,780,038 Premium or Discount on Bonds 17,717 503,368 - 133,343 Prepaid Interest - - - -

Other Resources - Insurance Proceeds - - - 10,000,000 Transfer Out (2,515,118) (4,416,909) (2,948,940) (25,519,957) Other Uses - Payment to Refunded Bond Escrow Agent (9,237,523) (18,559,119) - (12,260,039) Total Other Financing Sources (Uses): 417,572 4,385,779 1,375,972 12,421,953 Extraordinary or Special Item:Extraordinary Item - Tornado Damage 728,022 - - - Special Item - Arbitrage Rebate - (558,984) - - Total Extraordinary or Special Item 728,022 (558,984) - -

Net Change in Fund Balances 1,025,350$ 3,458,113$ 4,196,999$ 22,791,461$Debt Service as a percentage of NoncapitalExpenditures 4.76% 4.34% 3.86% 3.35%


116



Table 4

2007 2008 2009 2010 2011

120,397,458$ 102,584,935$ 131,562,230$ 139,954,107$ 138,220,211$40,022,210 59,229,413 78,413,469 56,740,924 72,857,901 31,654,288 28,990,724 32,619,729 42,707,216 39,355,726

192,073,956 190,805,072 242,595,428 239,402,247 250,433,837

100,959,842 103,570,318 104,159,992 114,790,134 113,309,555 1,961,835 2,069,415 2,246,564 2,237,619 2,799,179 1,561,813 1,267,870 1,218,960 1,908,141 2,212,411 4,117,857 4,536,112 4,340,032 5,106,885 5,645,172 8,719,054 9,841,177 9,662,006 10,602,634 10,812,803 4,271,000 4,310,730 4,993,197 4,588,532 5,144,424

705,841 678,529 742,114 769,764 916,205 1,804,471 1,858,160 1,897,663 1,984,384 2,017,488

11,754,137 8,909,762 8,278,859 10,276,106 11,413,911 9,834,173 10,164,614 10,112,954 10,684,426 11,302,793 4,072,233 3,861,842 4,117,713 4,426,434 4,572,328 5,608,167 5,503,631 5,755,568 6,903,204 12,209,434

25,161,101 25,413,699 34,862,605 27,512,059 30,163,667 1,836,686 1,733,706 2,217,773 2,422,906 2,571,810 1,669,481 1,256,741 1,170,953 1,447,502 1,605,000 1,196,955 1,134,461 1,243,152 1,482,233 1,533,759 4,200,000 4,925,000 5,160,000 4,769,250 6,730,000 2,300,556 1,518,582 10,707,011 16,193,121 19,636,298

71,763 190,197 1,526,741 459,134 (202,771) 4,844,418 28,650,606 51,992,165 101,147,640 160,440,247

62,475 47,163 43,488 127,031 157,274 157,500 183,750 183,750 183,750 183,750

196,871,358 221,626,065 266,633,260 330,022,889 405,174,736

(4,797,402) (30,820,993) (24,037,832) (90,620,642) (154,740,899)

- 99,815,000 187,654,970 83,845,205 31,500,000 23,655 135 - - -

- - - - - - - - - -

5,878,373 4,910,333 16,372,983 2,702,894 7,248,392 - 146,955 1,108,499 425,000 1,080,000 - - 321,856 - 98,984 - - 1,496,888 737,522 17,045

(2,677,493) (11,298,160) (22,323,802) (1,552,153) (7,248,392) - - - - -

3,224,535 93,574,263 184,631,394 86,158,468 32,696,029

- - - - - - - - - - - - - - -

(1,572,867)$ 62,753,270$ 160,593,562$ (4,462,174)$ (122,044,870)$

3.34% 2.99% 6.52% 6.49% 6.46%

117



BEAUMONT INDEPENDENT SCHOOL DISTRICTASSESSED VALUE - REAL AND PERSONAL PROPERTYLast Ten Fiscal YearsUnaudited)

Total TotalTotal Taxable Direct

Fiscal Residential Commercial Mineral Real Personal Assessed Tax Year Property (1) Property (1) Rights (1) Property (1) Property (1) Value Rate (2)

2002 1,805,747,182 3,117,532,826 59,900,760 4,983,180,768 1,416,364,230 6,399,544,998 1.54

2003 1,886,438,013 3,035,300,003 27,003,840 4,948,741,856 1,374,333,400 6,323,075,256 1.54

2004 2,105,738,000 3,078,164,946 22,274,380 5,206,177,326 1,334,674,050 6,540,851,376 1.54

2005 2,293,801,989 3,162,549,620 44,490,670 5,500,842,279 1,414,583,020 6,915,425,299 1.54

2006 2,471,289,342 3,387,587,773 27,582,210 5,886,459,325 1,496,790,550 7,373,249,875 1.54

2007 2,376,148,579 3,782,424,926 34,103,940 6,192,677,445 1,634,555,890 7,827,233,335 1.36

2008 2,855,319,199 3,926,030,879 36,599,830 6,817,949,908 1,687,815,251 8,505,765,159 1.095

2009 3,257,315,288 4,104,416,680 30,987,250 7,392,719,218 1,951,324,134 9,344,043,352 1.1925

2010 3,446,157,720 3,382,526,915 364,401,400 7,193,086,035 1,891,759,180 9,084,845,215 1.2625

2011 3,432,863,326 3,537,149,899 262,692,570 7,232,705,795 2,041,064,560 9,273,770,355 1.325

Sources:(1) Jefferson County Appraisal District(2) District records

Real Property

118



BEAUMONT INDEPENDENT SCHOOL DISTRICTPROPERTY TAX RATES (Per $100 Valuation)DIRECT AND OVERLAPPING GOVERNMENTSLast Ten Fiscal Years(Unaudited)

August 31, 2002 2003 2004 2005 2006 2007 2008

Beaumont Ind School District 1.54 1.54 1.54 1.54 1.54 1.3629 1.095

City of Beaumont 0.670 0.670 0.670 0.659 0.659 0.659 0.659

Bevil Oaks MUD 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Jefferson County 0.365 0.365 0.365 0.400 0.400 0.390 0.390

Jefferson Co Drainage Dist No. 6 0.200039 0.200039 0.200039 0.200039 0.200039 0.195587 0.195587

Jefferson Co Drainage Dist No. 7 0.188100 0.188100 0.188100 0.160000 0.160000 0.000 0.139650

Jefferson Co Drainage Dist No.10 0.313211 0.370988 0.370990 0.335167 0.335167 0.294193 0.244705

Northwest Forest MUD 0.759377 0.759377 0.767898 0.3767 0.3767 0.00 0.377599

Port of Beaumont 0.090300 0.090300 0.085750 0.079121 0.079121 0.074437 0.068757

Port of Port Arthur 0.131277 0.130870 0.130870 0.12815 0.12815 0.12815 0.12815

City of Port Arthur 0.775 0.775 0.775 0.775 0.775 0.076 0.760

District Direct Rates ComponetsMaintenance & Operations 1.465 1.465 1.455 1.47 1.475 1.3079 1.040Interest & Sinking 0.075 0.075 0.085 0.07 0.065 0.055 0.055

Total District Direct Rate 1.54 1.54 1.54 1.54 1.54 1.3629 1.095

Source: Entities noted above and District records

Tax Rates Per $100 of Assessed Valuation

119



BEAUMONT INDEPENDENT SCHOOL DISTRICT TABLE 8PROPERTY TAX LEVIES AND COLLECTIONSLast Ten Fiscal Years(Unaudited)

CollectionsTotal Percentage in Subsequent Percentage

August 31, Tax Levy Amount of Levy Years Amount of Levy

2002 96,700,477 94,456,191 97.68% 1,278,906 95,735,097 99.00%

2003 95,469,199 93,276,201 97.70% 1,389,835 94,666,036 99.16%

2004 97,962,621 96,039,031 98.04% 1,614,636 97,653,667 99.68%

2005 103,557,849 101,346,431 97.86% 1,323,856 102,670,287 99.14%

2006 110,809,149 108,659,700 98.06% 1,262,799 109,922,499 99.20%

2007 104,723,765 101,900,788 97.30% 1,097,312 102,998,100 98.35%

2008 90,597,583 88,691,939 97.90% 926,506 89,618,445 98.92%

2009 107,821,001 105,068,181 97.45% 1,379,625 106,447,806 98.73%

2010 109,390,724 106,552,769 97.41% 1,406,262 107,959,031 98.69%

2011 114,577,187 114,183,537 99.66% - 114,183,537 99.66%

Source: Jefferson County Tax Office and District records.

Collected WithinFiscal Year of Levy Total Collections to Date

121



BEAUMONT INDEPENDENT SCHOOL DISTRICTRATIOS OF OUTSTANDING DEBT BY TYPELast Ten Fiscal Years(Unaudited)

Ratio ofGeneral Maintenance Lease Total Debt to D

Obligation Contractual Tax Revenue Assessed PAugust 31, Debt Obligations Notes Bonds Total Value (1) Capi

2002 50,560,000 2,315,000 - 11,910,000 64,785,000 1.01%

2003 48,400,000 1,185,000 - 11,265,000 60,850,000 0.96%

2004 46,085,000 - 4,145,000 10,585,000 60,815,000 0.93%

2005 43,605,000 - 3,395,000 9,865,000 56,865,000 0.82%

2006 40,775,000 - 2,580,000 9,105,000 52,460,000 0.71%

2007 39,290,000 - 1,745,000 8,300,000 49,335,000 0.63%

2008 125,640,000 - 885,000 7,450,000 133,975,000 1.58%

2009 305,630,000 - - 7,412,362 313,042,362 3.35%

2010 384,745,000 - - 5,610,000 390,355,000 4.30%

2011 410,115,000 - - 4,610,000 414,725,000 0.04472021

Source: Jefferson County Appraisal District and District records(1) See Table 5 for assessed value data.(2) See Table 13 for population, personal income and student enrollment data.

122



BEAUMONT INDEPENDENT SCHOOL DISTRICT TABLE 10RATIOS OF NET GENERAL OBLIGATION BONDED DEBT OUTSTANDINGLast Ten Fiscal Years(Unaudited)

Less Reserve Ratio of Net NetGross for Retirement Net Net Bonded Bonded Bonded

Assessed Bonded of Funded Bonded to Assessed Debt Per Debt PerAugust 31, Value Debt (1) Debt Debt Value Capita (2) ADA (2)

2002 6,399,544,998 50,560,000 - 50,560,000 0.79% 444 2,615

2003 6,323,075,256 48,400,000 - 48,400,000 0.77% 425 2,526

2004 6,540,851,376 46,085,000 - 46,085,000 0.70% 405 2,397

2005 6,915,425,299 43,605,000 - 43,605,000 0.63% 391 2,327

2006 6,915,425,299 40,775,000 - 40,775,000 0.59% 358 2,248

2007 7,827,233,335 38,290,000 - 38,290,000 0.49% 336 2,076

2008 8,505,765,159 125,640,000 - 125,640,000 1.48% 1,110 7,150

2009 9,344,043,352 305,630,000 - 305,630,000 3.27% 2,753 16,817

2010 9,084,845,215 384,745,000 - 384,745,000 4.24% 3,466 21,170

2011 9,273,770,355 410,115,000 - 410,115,000 4.42% 3,602 21,858

Source: District Financial Statements.(1) Gross Bonded Debt includes all long-term general obligation debt.(2) See Table 13 for population and student enrollment data.

123



BEAUMONT INDEPENDENT SCHOOL DISTRICT TABLE 11COMPUTATION OF DIRECT AND OVERLAPPING DEBTGENERAL OBLIGATION BONDSEnd of Fiscal Year(Unaudited)

Percent Amount

Amount As of Overlapping (4) Overlapping

Overlapping

Beaumont, City of 298,957,239$ 7/31/2011 100.00% 298,957,239$

Jefferson County 60,770,000 8/31/2011 50.35% 30,597,695

Jefferson County Water District No. 10 5,855,000 6/30/2011 14.91% 872,981

Port of Beaumont 13,630,000 8/31/2011 94.12% 12,828,556

Port of Port Arthur 36,985,000 8/31/2011 1.00% 369,850

Port Arthur, City of 74,140,000 9/30/2011 1.00% 741,400

Total Overlapping Debt 344,367,721

Direct Beaumont ISD (1)

Net Outstanding Debt 414,725,000 8/31/2011 100.00% 410,115,000$

Total Direct and Overlapping Debt 754,482,721$

Ratio of Total Direct and Overlapping Debt to 2011 Assessed Valuation (2) 8.14%

Total Direct and Overlapping Debt per capita (3) 6,626$

2011 Assessed Valuation per Capita (3) 81,444.60$

Source: Entities noted above(1) District financial records.(2) The assessed valuation as of 08-31-11 is $9,273,770,355(3) The estimated population as of 08-31-11 is 113,866

were estimated by determining the portion of the overlapping taxing authority's taxable assessed valuethat is within the District's boundaries and dividing it by the overlapping taxing authority's totaltaxable assessed value.

Net Debt

(4) The percentage of overlapping debt is estimated using taxable assessed property values. Percentages

124



BEAUMONT INDEPENDENT SCHOOL DISTRICTLEGAL DEBT MARGIN INFORMATIONFOR THE FISCAL YEAR ENDED AUGUST 31, 2011Last Ten Fiscal Years(In Thousands of Dollars)

2002 2003 2004 2005 2006 2007 2008

Maximum Debt Limit 627,925$ 619,915$ 650,226$ 674,847$ 687,755$ 736,183$ 685,365$ Total Net Debt Applicable toLimit 51,388 49,041 45,572 55,594 50,570 46,540 165,211

Legal Debt Margin 576,537$ 570,874$ 604,654$ 619,253$ 637,185$ 689,643$ 520,154$

Computation of Legal Debt MarginAssessed Value (a)Debt Limit (10% of assessed value) (b)Maximum Legal debt

Amount of debt Applicable to Debt Limit:

Total Bonded DebtLess: Reserve for Retirement of Bonded Debt

Total Amount of Debt Applicable to Debt Limit

Legal Debt Margin

(b)The statutes of the State of Texas prescribe a legaldebt limit of 10% of the assessed valuation.

(a) The assessed value represents the certified value from The JeffersonCounty Appraisal District which The Board of Trustees uses to establishits property tax rate.

Ratio of Total Amount of Debt Applicable to Debt Limit toMaximum Legal Debt

125



BEAUMONT INDEPENDENT SCHOOL DISTRICTPRINCIPAL EMPLOYERSCURRENT YEAR AND TEN YEARS AGO(Unaudited)

PercentageNumber of Number

Description of Total ofPrincipal Employer (1) of Business Employees Employment (2) Employees (3) Emplo

Conn's Appliances Inc. Retail Store 3,419 6.5% -

Beaumont ISD Education 2,823 5.4% 2,812

Memorial Hermann Baptist Hospital Healthcare 1,880 3.6% 1000-1500

Christus St Elizabeth Hospital Healthcare 1,783 3.4% 1000-1500

City of Beaumont Government 1,343 2.6% 1000-1500

Lamar University Education 1,203 2.3% 1000-1500

County of Jefferson Government 1,193 2.3% 1000-1500

CB&I Matrix Enginerring Energy Engineers 752 1.4% -

ENGlobal Corporation Energy Engineers 468 0.9% -

Wal-Mart Retail Store 450 0.9% -

Sources:(1) Beaumont, Texas - (City of Beaumont CAFR2010 records)from Wikipedia website - http://en.wikipedia.org/wiki/Beaumont_Texas(2) U S Censue Bureau - Jefferson County, Texas hot report

Percentage of total employment as follows:Estimate of Labor Force 57,700 Beaumont Unemployment Rate 9.5%Estimated Unemployment population 5,482 Estimated Employed population 52,219

not available for 2002.

2011 200

(3) Employers are listed using a range of employee numbers, not exact figures. Therefore, percentage is

128



BEAUMONT INDEPENDENT SCHOOL DISTRICTFULL TIME EQUIVALENT EMPLOYEES BY POSITIONFOR THE FISCAL YEAR ENDED AUGUST 31, 2011Last Ten Fiscal Years

2002 2003 2004 2005 2006 2007 200Administrator: superintendent and Assistant Supt 5 5 3 4 4 4Executive directors and chief business officer 2 2 2 2 2 3Coordinators and supervisors 35 38 38 43 43 44Special Education Diagnosticians, Psychologist 16 16 13 16 18 18Principals and assistant principals 72 71 70 71 71 65Directors, assistants 17 18 19 16 18 25Counselors, attendance officers, social workers 51 50 49 47 50 54Librarians and paralibrarians 46 46 44 45 46 45School Nurses and aides 33 33 33 32 33 31Classroom teachers 1,403 1,409 1,419 1,441 1,444 1,481Classroom aides, special education , ESL, PE 273 301 283 268 264 309

School secretaries, attendance clerk, registrars 116 116 119 164 161 115Administration: supervisors, secretaries, annex, clerks 88 69 88 86 89 73Police Chief, officers and staff - - - - - 19Maintenance staff 87 82 85 87 87 92Custodial staff 199 198 201 197 199 187Food service staff 220 189 194 191 184 179Transportation staff 149 134 147 138 146 145

Totals 2,812 2,777 2,807 2,848 2,859 2,889 2,896


129



BEAUMONT INDEPENDENT SCHOOL DISTRICTOPERATING STATISTICSLast Ten Fiscal Years(Unaudited)

Average Governmental Cost Government Cost Number ofDaily Operating Per Percentage Wide Per Percentage Teaching

August 31, Attendance Expenditures (1) Student Change Expenses (2) Student Change Staff

2002 19,336 144,356,618 7,466 N/A 152,673,784 7,896 N/A 1,40

2003 19,160 146,863,935 7,665 2.7% 151,392,893 7,902 0.1% 1,409

2004 19,228 152,453,216 7,929 3.4% 154,649,716 8,043 1.8% 1,419

2005 18,736 160,487,307 8,566 8.0% 165,125,561 8,813 9.6% 1,441

2006 18,138 184,011,663 10,145 28.0% 184,532,356 10,174 26.5% 1,444

2007 18,448 185,454,622 10,053 17.4% 184,513,569 10,002 13.5% 1,481

2008 17,573 186,341,680 10,604 23.8% 190,698,788 10,852 23.1% 1,439

2009 18,174 197,247,343 10,853 26.7% 266,152,822 14,645 66.2% 1,413

2010 18,509 207,453,744 11,208 30.9% 324,652,029 17,540 99.0% 1,443

2011 18,763 218,570,962 11,649 14.8% 365,584,670 19,484 91.5% 1,433

(2) Government wide expenses are total governmental activities from Table 2.


(1) Governmental operating expenditures are total expenditures less debt service and capital outlay from Table 4.

130



BEAUMONT INDEPENDENT SCHOOL DISTRICT TABLE 18TEACHER SALARY DATALast Ten Fiscal Years(Unaudited)

District Region StateMinimum Maximum Average Average Average

August 31, Salary (1) Salary (1) Salary (2) Salary (2) Salary (2)

2002 33,250 51,130 38,647 37,463 40,800

2003 33,250 51,130 37,996 38,411 40,800

2004 34,000 52,792 39,878 38,253 40,800

2005 34,500 53,848 39,164 38,381 40,800

2006 36,000 55,348 40,579 39,120 41,770

2007 38,000 57,847 46,438 42,531 44,270

2008 38,900 59,347 47,235 43,149 46,178

2009 40,100 55,332 46,278 46,213 47,158

2010 42,000 58,132 47,118 44,521 48,263

2011 42,000 58,132 48,192 45,363 48,639

(1) District records - Teacher Salary Schedule(2) Texas Education Agency - Finance - Standard Reports

Source:

131



BEAUMONT INDEPENDENT SCHOOL DISTRICTSCHOOL BUILDING INFORMATIONLast Ten Fiscal Years(Unaudited)

2002 2003 2004 2005 2006 2007 2008 20ELEMENTARY SCHOOLS, ContinuedRegina Howell (1980) New School (2011)

Square Footage 53,653 53,653 53,653 53,653 53,653 53,653 53,653Capacity 573 573 573 573 573 573 573Enrollment (1) 717 707 736 734 745 750 769

125% 123% 128% 128% 130% 131% 134%Southerland Pre Kindergarten (1958)

Square Footage 37,394 37,394 37,394 37,394 37,394 37,394 37,394Capacity 525 525 525 525 525 525 525Enrollment 506 506 509 510 505 519 506

96% 96% 97% 97% 96% 99% 96%

Source: District Records(1) During the years enrollment exceeded capacity the District used portable buildings to relieve overflow.

Percent of enrollmentto capacity

Percent of enrollmentto capacity

137



BEAUMONT INDEPENDENT SCHOOL DISTRICT TABLE 20FUND BALANCE AND CASH FLOW CALCULATION WORKSHEETGENERAL FUND AS OF AUGUST 31, 2011(Unaudited)

1 Total General Fund Balance 8/31/10 (Exhibit B-1 object 3000for General Fund only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45,760,641$

2 Total Reserved Fund Balance (Exhibit B-1 total of object3400s for the General Fund only) . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,444,425$

3 Total Designated Fund Balance (from Exhibit B-1 total of object3500s for the General Fund only). . . . . . . . . . . . . . . . . . . . . . . . . . . 1,750,000$

4 Estimated amount needed to cover fall cashflow deficits in the General Fund (Net of borrowed fundsand funds representing deferred revenues) . . . . . . . . . . . . . . . . . . . . . 19,658,991$

5 Estimate of one month's average cash disbursements during the

regular school session (9/1/10 - 5/31/11) . . . . . . . . . . . . . . . . . . . . . . 30,136,378$

6 Estimate of delayed payments from state sources (58XX) includingAugust payment delays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,196,253$

7 Estimate of underpayment from state sources equal to variancebetween Legislative Payment Estimate (LPE) and District PlanningEstimate (DPE) or District's calculated earned state aid amount . . . . . .

8 Estimate of delayed payments from federal sources (59XX) . . . . . . . . . 5,027,986$

9 Estimate of expenditures to be reimbursed to General Fund from

Capital Projects Fund (uses of General Fund cash afterbond referendum and prior to issuance of bonds) . . . . . . . . . . . . . . . .

10 Optimum Fund Balance and Cash Flow2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65,214,033$

11 Excess/Deficit Undesignated Unreserved General Fund Fund Balance(Line 1 minus Line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (19,453,392)$

If item 11 is a positive numberExplanation of need for and/or projected use of net positiveUndesignated Unreserved General Fund Fund Balance

138



BEAUMONT INDEPENDENT SCHOOL DISTRICT TABLE 21DISTRICT MAP

139139



COMPLIANCE SECTION



BEAUMONT INDEPENDENT SCHOOL DISTRICTSCHEDULE OF DELINQUENT TAXES RECEIVABLEFOR THE FISCALYEAR ENDED AUGUST 31, 2011

Last Ten Assessed/AppraisedYears Ended Tax Rate* Value For School

August 31 Maintenance Debt Service Tax Purposes

2002 and prior years Various Various Various

2003 1.465 0.0750 6,199,153,266

2004 1.455 0.0850 6,359,481,988

2005 1.470 0.0700 6,748,474,727

2006 1.475 0.0650 7,368,263,580

2007 1.308 0.0550 7,853,566,235

2008 1.040 0.0550 8,500,936,329

2009 1.040 0.1525 9,344,043,352

2010 1.040 0.2225 9,164,709,866

2011 1.040 0.2700 9,084,485,215

Total

* - Per $100 of assessed valuation

142



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT H-2

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDSFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Pass-throughFederal Grantor/ Federal EntityPass-Through Grantor/ CFDA Identifying FederalProgram Title Number Number Expenditures

U.S. DEPARTMENT OF EDUCATION

Passed Through State Department of Education:

Texas McKinney-Vento Homeless Education 84.196A MVP1-002 12,581 Total Texas McKinney-Vento Homeless Education 12,581

ESEA Title I Part A Improving Basic Programs * 84.010A 11610101123910 6,315,313 ESEA Title I Part A Improving Basic Programs * 84.010A 12610101123910 198,846 Total ESEA Title I Part A Improving Basic Programs 6,514,159

ESEA Title I Part D Prevention and Intervention * 84.010A 11610103123910 115,862 Total ESEA Title I Part D Prevention and Intervention 115,862

IDEA Part B Formula * 84.027 116600011239106600 2,945,869 IDEA Part B Formula * 84.027 126600011239106600 157,912

Total IDEA Part B Formula 3,103,781

IDEA Part B Preschool * 84.173 116600011239106610 94,444 IDEA Part B Preschool * 84.173 126610011239106610 4,234 Total IDEA Part B Preschool 98,678

IDEA Part B Discretionary Deaf * 84.027 116600021239106673 57,885 IDEA Part B Discretionary Deaf '* 84.027 126600021239106673 3,091 Total IDEA Part B Discretionary Deaf 60,976

IDEA Part B Discretionary Residential * 84.027A 116600021239106677 55,151 Total IDEA Part B Discretionary Residential 55,151

IDEA Part B Formula RDSPD * 84.027 116600011239106601 39,186 IDEA Part B Formula RDSPD * 84.027 126600011239106601 1,310 Total IDEA Part B Formula RDSPD 40,496

IDEA Part B Preschool Deaf * 84.173 116610011239106611 3,050 IDEA Part B Preschool Deaf * 84.173 126610011239106611 164 Total IDEA Part B Preschool Deaf 3,214

Vocational Education Technical Preparation 84.243A 10906692 3,924 Total Vocational Education Technical Preparation 3,924

Career & Technical - Basic Grant 84.048A 11420006123910 311,581 Career & Technical - Basic Grant 84.048A 12420006123910 15,044 Total Career & Technical - Basic Grant 326,625

IDEA Part C Early Intervention 84.181 113911011239103911 1,362 Total IDEA Part C Early Intervention 1,362

ESEA Title II Part A Teacher Principal Training Recruitment 84.367A 11694501123910 1,395,461 ESEA Title II Part A Teacher Principal Training Recruitment 84.367A 12694501123910 82,241 Total ESEA Title II Part A Teacher Principal Training Recruitment 1,477,702

Title I Part B Capacity Building Sites in Reading 84.357A 096455117110001 537,951 Title I Part B Demonstration Sites in Reading 84.357A 096455127110001 98,132 Total Title I Part B Grants 636,083

144




SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (CONTINUED)FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Pass-throughFederal Grantor/ Federal EntityPass-Through Grantor/ CFDA Identifying FederalProgram Title Number Number ExpendituresU.S. DEPARTMENT OF EDUCATIONPassed Through State Department of Education: (CONTINUED)

ESEA Title III Part A LEP 84.365A 11671001123910 153,202 ESEA Title III Part A LEP 84.365A 12671001123910 3,068

Total ESEA Title III Part A LEP 156,270

ESEA Title III Part A Immigrant Grant 84.365 11671003123910 46,106

Total ESEA Title III Part A Immigrant Grant 46,106

Texas 21st Century Community Learning Center 84.287C 106950137110005 1,894,242 Texas 21st Century Community Learning Center 84.287C 126950177110008 71,276

Total Texas 21st Century Community Learning Center 1,965,518

ARRA Title XIV State Fiscal Stabilization Funding 84.394A 11557001123910 5,089,641

Total ARRA Title XIV State Fiscal Stabilization Funding 5,089,641

Title II AEFLA Section 225 Federal Corrections & Institutionalized 84.002A 114100017110320 15,702 Title II AEFLA Section 231 Federal 84.002A 114100017110320 521,745 Title II AEFLA Section 231 Federal 84.002A 126600011239106600 52,932

Total Title II AEFLA Section 231 Federal & Section 225 Federal 590,379

ARRA Title I Part D Technology * 84.386A 10553001123910 26,355

Total ARRA Title I Part D Technology 26,355

ARRA IDEA Part B Formula * 84.391A 10554001123910 2,129,059

Total ARRA IDEA Part B Formula 2,129,059

ARRA IDEA Part B Preschool * 84.392A 10555001123910 25,674

Total ARRA IDEA Part B Preschool 25,674

ARRA ESEA Title I Part A Improving Basic Program * 84.389A 10551001123910 1,309,293

Total ARRA ESEA Title I Part A Improving Basic Program 1,309,293

AARA ESEA Title I Part D Prevention and Intervention * 84.389A 1055100312370 19,096

Total AARA ESEA Title I Part D Prevention and Intervention 19,096

ARRA Title I Priority School 84.388A 105520017110007 643,524

Total ARRA Title I Priority School 643,524

SLDS - Classroom Link to ISDS 84.372A 10635002123910 14,411

Total SLDS - Classroom Link to ISDS 14,411

Adult Education Federal TANF 93.558 113625017110340 47,191 Total Adult Education Federal TANF 47,191

Direct Programs:Homeless Education Disaster Assistance Program 84.383A S383A090026 35,007 Total Homeless Education Disaster Assistance Program 35,007

Libraries Enhancing Academic Performance 84.364A S364A100269 497,785 Total Libraries Enhancing Academic Performance 497,785

TOTAL U.S. DEPARTMENT OF EDUCATION 25,045,903

145




SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (CONTINUED)FOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Pass-throughFederal Grantor/ Federal EntityPass-Through Grantor/ CFDA Identifying FederalProgram Title Number Number Expenditures

U.S. DEPARTMENT OF HEALTH & HUMAN SERVICES

Direct Programs:Head Start * 93.600 06CH129031 15,413 Head Start * 93.600 06CH129032 3,008,737 Head Start Body Start Play Space 93.6000 06CH1290 B299 4,959 Total Direct Programs 3,029,109

TOTAL U.S. DEPARTMENT OF HEALTH & HUMAN SERVICES 3,029,109

Direct Programs:Medicaid Administrative Claim Program 93.778 529-07-015700024 41,058 Total Direct Program 41,058

Passed Through Southeast Texas Workforce Development BoardChild Care Local Initiative Program 93.596 05250Y51 81,269 Total Passed Through Southeast Texas Workforce Development Board 81,269

Passed Through Texas Workforce CommissionWIA Dislocated Workers 17.260 1810ATP000 76,229 Total Passed Through Texas Workforce Commission 76,229

U.S. DEPARTMENT OF JUSTICEDirect Programs:ARRA COPS Hiring Recovery Program 16.710 2009RKWX0839 52,231 Total Direct Programs 52,231

TOTAL U.S. DEPARTMENT OF JUSTICE 52,231

U.S. DEPARTMENT OF AGRICULTUREPassed Through State Department of Education:School Breakfast Program * 10.553 N/A 2,434,945 National School Lunch Program * 10.555 N/A 6,247,022 Commodity Supplemental Food Program 10.565 N/A 526,786 Fresh Fruit & Vegetable Progams 10.582 NA 44,585 Total Passed Through State Department of Education 9,253,338

Passed Through Texas Workforce Commission

State Administrative Matching Grant for the Supplemental NutritionAssistance Program 10.561 1810ATP000 20,000 Total Passed Through Texas Workforce Commission 20,000

TOTAL U.S. DEPARTMENT OF AGRICULTURE 9,273,338

TOTAL FEDERAL AWARDS 37,599,137$

* Clustered Programs as required by Compliance Supplement June, 2011.

146



BEAUMONT INDEPENDENT SCHOOL DISTRICTNOTES ON ACCOUNTING POLICIES FOR FEDERAL AWARDSAUGUST 31, 2011

147

1. The District utilizes the fund types specified in the Resource Guide.

Special Revenue Funds – are used to account for resources restricted to, or designated for, specific purposes

by a grantor. Federal and state financial assistance generally is accounted for in a Special Revenue Fund.Generally, unused balances are returned to the grantor at the close of specified project periods.

2. The accounting and financial reporting treatment applied to a fund is determined by its measurement focus.The Governmental Fund types and Private Purpose Trust Fund types are accounted for using a currentfinancial resources measurement focus. All federal grant funds were accounted for in the Special RevenueFund, a component of the Governmental Fund type. With this measurement focus, only current assets andcurrent liabilities generally are included on the balance sheet. Operating statements of these funds presentincreases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and other financinguses) in net current assets.

The modified accrual basis of accounting is used for the Governmental Funds, the Private Purpose TrustFunds, and Agency Funds. This basis of accounting recognizes revenue in the accounting period in whichthey become susceptible to accrual, i.e., both measurable and available, and expenditures in the accountingperiod in which the fund liability is incurred, if measurable, except for unmatured interest on General Long-Term Debt, which is recognized when due, and certain compensated absences and claims and judgments,which are recognized when the obligations are expected to be liquidated with expendable available financialresources.

Federal grant funds are considered to be earned to the extent of expenditures made under the provisions ofthe grant, and, accordingly, when such funds are received, they are recorded as deferred revenues untilearned.

3. The period of availability for federal grant funds for the purpose of liquidation of outstanding obligations madeon or before the ending date of the federal project period, extended 30 days beyond the federal project periodending date, in accordance with provisions in Section H. Period of Availability of Federal Funds, Part 3, OMBCircular A-133 Compliance Supplement updated as of June 2011.



BEAUMONT INDEPENDENT SCHOOL DISTRICTLONG TERM DEBT SCHEDULEFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

10 20 30Interest Amounts Amounts Issued Retired

Date of Rate Original Outstanding Current CurrentIssue Description Payable Issue 09/01/10 Year Year

05/25/2003 Unlimited Tax Refunding BondsSeries 2003 2.5% - 3.43%Current Interest Bonds 8,435,000$ 6,155,000 - 1,155,000 Capital Appreciation Bonds 225,000$ - - -

08/31/2004 Unlimited Tax Refunding BondsSeries 2004 4.0%Current Interest Bonds 16,925,000$ 7,105,000 - - Capital Appreciation Bonds 885,000$ - - -

10/18/2005 Unlimited Tax Refunding BondsSeries 2005 3.0% - 5.0%Current Interest Bonds 11,380,000$ 8,270,000 - 725,000 Capital Appreciation Bonds 520,000$ - - -

03/15/2008 Unlimited School Building Bonds 89,800,000$ 89,700,000 - 250,000 Series 2008 3.00% - 5.25%

08/01/2008 Unlimited Tax Refunding Bonds 9,815,000$ 8,020,000 - 1,880,000 Series 2008 3.17% - 3.5%

09/01/2008 Unlimited School Building Bonds 65,000,000$ 64,900,000 - 100,000 Series 2008 A 4.375% - 5.0%

05/01/2009 Unlimited School Buildin Bonds 116 570 000 116 570 000 - 1 620 000

148

, , , , , , Series 2009 3.17% - 3.5%

04/30/2010 Unlimited School Building Bonds 10,085,000$ 10,085,000 - - Series 2010A 2.0% - 5.0%

04/30/2010 Unlimited School Building Bonds 59,490,000$ 59,490,000 - - Series 2010B 4.449% - 5.760%

05/01/2010 Unlimited Tax Qualified School 14,450,000$ 14,450,000 - - Construction Bonds

Series 2010 0%

05/26/2011 Unlimited School Building Bonds 31,500,000$ - 31,500,000 - Series 2011 2.0% - 5.0%

1000 Sub Total -$ 384,745,000 31,500,000 5,730,000

08/24/00 Lease Revenue BondsSeries 2000 5.05% - 9.0%* 13,100,000$ 5,610,000 - 1,000,000

1000 Totals 390,355,000$ 31,500,000$ 6,730,000$

* The Lease Revenue Bonds along with the Unlimited Tax Refunding Bonds Series 2004 were issued on anadjustable rate basis. On August 15, 2006, the Lease Revenue Bonds were converted to fixed rate bonds at a rateof 4.3%. And on August 17, 2009 the Unlimited Tax Refunding Bonds Series 2004 were converted to fixed ratebonds at a rate of 3%.

148



EXHIBIT H-3

40 50 60 70 80 90 IAmounts Interest 9/1/13

Outstanding Current Year Ending 8/31/12 Year Ending 8/31/13 To Maturity08/31/11 Year Principal Interest Principal Interest Interest

5,000,000 181,044 1,190,000 144,404 1,230,000 106,130 87,765

- - - - - - -

7,105,000 207,488 - 207,488 - 207,488 530,831 - - - - - -

7,545,000 316,450 740,000 292,181 760,000 266,394 689,616 - - - -

89,450,000 4,326,921 465,000 4,315,651 900,000 4,293,434 74,170,968

6,140,000 247,800 740,000 292,181 2,045,000 110,513 37,363

64,800,000 3,143,400 100,000 3,143,400 410,000 3,143,400 51,750,425

114 950 000 5 726 438 1 415 000 5 726 438 680 000 5 726 438 96 711 563

Requirements

149

, , , , , , , , , , , , ,

10,085,000 596,756 405,000 596,757 700,000 444,400 1,588,783

59,490,000 2,845,116 - 2,845,116 - 2,147,604 39,751,409

14,450,000 - - - 960,000 - -

31,500,000 411,775 - 1,425,375 500,000 1,420,375 26,723,841

410,515,000 18,003,188 5,055,000 18,988,991 8,185,000 17,866,176 292,042,564

4,610,000 219,730 1,060,000 175,440 1,120,000 128,570 234,475

415,125,000$ 18,222,918$ 6,115,000$ 19,164,431$ 9,305,000$ 17,994,746$ 292,277,039$

6599 - Other Debt Service Fees 149,656$

149



BEAUMONT INDEPENDENT SCHOOL DISTRICT EXHIBIT H-4SCHEDULE OF EXPENDITURES FOR COMPUTATION OF INDIRECT COST FOR 2010-2011GENERAL, SPECIAL REVENUE, AND PRIVATE PURPOSE TRUST FUNDSFOR THE FISCAL YEAR ENDED AUGUST 31, 2011

Function 41 and Related Function 53 - General Administration1 2 3 4 5 6 7

(702) (703) (701) (750) (720) (Other)Account School Tax Supt's Indirect Direct Miscel-Number Board Collection Office Cost Cost laneous Total

611X-6146 Payroll Costs 13,969$ -$ 575,332$ 2,303,445$ 844,920$ 20,975$ 3,758,641$

6149

Leave for Separating Employees

in Fn 41 & 53 - -

6149Leave - Separating Employees

not in 41 & 53 - - 6211 Legal Services - - 6,031,883 - 6,031,883 6212 Audit Services 91,529 91,529 6213 Tax Appraisal and Collection 1,407,590 1,407,590 621X Other Professional Services - - - 77,909 127 - 78,036 6220 Tuition and Transfer Payments - - 6230 Education Service Centers - - - - - - - 6240 Contr. Maint. and Repair 11,862 11,862 6250 Utilities - - 6260 Rentals - - 10,848 31,972 - - 42,820 6290 Miscellaneous Contracted - - - 32,381 32,859 - 65,240 6320 Textbooks and Reading - - - - - - - 6330 Testing Materials - - - - - - - 63XX Other Supplies Materials 27,001 - 8,800 126,701 51,207 - 213,709 6410 Travel, Subsistence, Stipends 20,432 - 8,404 26,351 17,410 - 72,597 6420 Insurance and Bonding Costs - - - - - - - 6430 Election Costs 94,126 - 94,126 6490 Miscellaneous Operating 23,834 - 18,099 42,644 214,783 - 299,360 6500 Debt Service - - 6600 Capital Outlay 878 878

6000- TOTAL 179,362$ 1,407,590$ 6,653,366$ 2,732,932$ 1,173,168$ 21,853$ 12,168,271$

Total expenditures/expenses for General and Special Revenue Funds: (9) 217,307,642$

LESS: Deductions of Unallowable Costs

Audit Voted on in Jan - Draft

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