2015-2016

Official Budget

Adopted by the Board of Trustees on

August 31, 2015

Table of Contents

General Fund Budget

Food Service Budget

Athletic Budget

Debt Service Budget

Building Fund

Additional Information

HearneIndependentSchool District

2015-2016 Budget

Adopted by the Board of Trustees

August 31, 2015

Exhibit A

Fund 199 General Fund

Revenue

57XX Local$4,553,800 58XXState $3,986,893

59XX Federal$ 30,000

Fund Balance Revenue$ 246,370

Total Fund 199 Revenue $8,817,063

Transfer-Out $ (20,000)

Total $ 8,797,063

Expenditures

11 – Instruction $4,518,075

12 – Library/Media Services $ 131,010

13 – Curriculum/Staff Development $ 2,455

21 – Instructional Development $ 51,030

23 – School Administration $ 635,060

31 – Guidance/Counseling $ 96,153

33 – Health Services $ 45,910

34 – Transportation $ 349,485

36 – Co-Curricular $ 295,835

41 – General Administration $ 498,900

51 – Plant Maintenance $ 1,374,850

52 – Security $ 30,200

53 – Data Processing $ 214,800

81 – Bldg. Purchase/Improvements $ -0-

93 – Payments/Fiscal Agent $ 208,000

99 – Payments/Appraisal District $ 135,000

Total Fund 199 Expenditures $ 8,797,063

HearneIndependentSchool District

2015-2016 Budget

Adopted by the Board of Trustees

August 31, 2015

Exhibit A

Fund 101 – Food Service

Revenue

57XX Local $ 45,000

58XX State $ 3,442

59XX Federal $ 584,084

Fund Balance Revenue $ 97,089

Total Fund 101 Revenue $ 729,615

Total Available for Fund 101 $ 729,615

Expenditures

Function 35: Food Service

61XX – Salaries $ 302,845

62XX – Contracted Services $ 4,300

63XX – Supplies & Materials $ 402,500

64XX – Other Expenses $ 10,000

66XX – Capital Outlay $ 10,000

Total Expenditures $ 729,615

HearneIndependentSchool District

2015-2016 Budget

Adopted by the Board of Trustees

August 31, 2015

Exhibit A

Fund 175 – Athletic Budget

Revenue

57XX Local $ 20,000

79XX Transfer in from Operating $ 19,874

Fund Balance Revenue $ 65,126

Total Available Fund for 175 $ 105,000

Expenditures

Function 36: Co-Curricular

61XX – Salaries – Stipends – In Fund 199-36-61XX

62XX – Contracted Services $ 22,500

63XX – Supplies & Materials $ 40,200

64XX – Other Expenses $ 32,300

66XX – Capital Outlay $ -0-

Total $ 95,000

Function 52: Security $ 10,000

Total $ 10,000

Total $ 105,000

HearneIndependentSchool District

2015-2016 Budget

Adopted by the Board of Trustees

August 31, 2015

Exhibit A

Fund 599 – Debt Service

Revenue

57XX Local $ 879,220 Total $ 879,220

Expenditures

Function 71: Debt Service $ 879,220

Total $ 879,220

HearneIndependentSchool District

2015-2016 Budget

Adopted by the Board of Trustees

August 31, 2015

Exhibit A

Fund616-Building Fund

Revenue______

57XX Local $ 500 Total $ 500

Cash in the bank $ 734,296

Certificate of Deposit $ 599,897

Time Deposit $ 4,017

Total Revenue $ 1,338,710

Expenditures

Function 81: Building Purchase/Construction/Improvements

66XX – Bldg.Purch/Const/Impro $ 400,000

Total $ 938,710

Additional

Information

HearneIndependentSchool District

2014-2015 Budget

August 27, 2014

Fund 199 General Fund

Function 11 – Instruction

61XX – Salaries $ 4,279,900

62XX – Contracted Services $ 96,775

63XX – Supplies & Materials $ 126,115

64XX – Other Expenses $ 15,285

Total $ 4,518,075

Function 12 – Library/Media

61XX – Salaries $ 103,460

62XX – Contracted Services $ 1,650

63XX – Supplies & Materials $ 25,000

64XX – Other Expenses$ 900

Total $ 131,010

Function 13 – Curriculum/Staff Development

64XX – Other Expenses$ 2,455

Total$ 2,455

Function 21 – Instructional/Development

61XX – Salaries$ 39,530

62XX – Contracted Services$ 500

63XX – Supplies & Materials$ 10,000

64XX – Other Expenses$ 1,000

Total$ 51,030

Function 23 – School Administration

61XX – Salaries$ 625,360

63XX – Supplies & Materials$ 5,000

64XX – Other Expenses$ 4,700

Total$ 635,060

Function 31 – Guidance/Counseling

61XX – Salaries$ 94,153

63XX – Supplies & Materials$ 900

64XX – Other Expenses$ 1,100

Total$ 96,153

Function 33 – School Nurse

61XX – Salaries$ 42,710

63XX – Supplies & Materials$ 1,900

64XX – Other Expenses$ 1,300

Total$ 45,910

Function 34 – Transportation

61XX – Salaries $ 145,500

62XX – Contracted Services$ 9,500

63XX – Supplies & Materials$ 86,185

64XX – Other Expenses$ 16,250

66XX – Capital Outlay$ 92,000

Total$ 349,485

Function 36 – Co-Curricular

61XX – Salaries$ 235,385

62XX – Contracted Services$ 5,200

63XX – Supplies & Materials$ 22,800

64XX – Other Expenses$ 27,450

66XX – Capital Outlay$ 16,250

Total$ 295,835

Function 41 – General Administration

61XX – Salaries$ 406,400

62XX – Contracted Services$ 54,900

63XX – Supplies & Materials$ 9,900

64XX – Other Expenses$ 22,700

66XX – Capital Outlay$ 5,000

Total$ 498,900

Function 51 – Plant Maintenance

61XX – Salaries$ 568,050

62XX – Contracted Services$ 564,000

63XX – Supplies & Materials$ 108,000

64XX – Other Expenses$ 99,600

66XX – Capital Outlay$ 35,000

Total$ 1,374,850

Function 52 – Security

61XX – Salaries$ 12,200

62XX –Contracted Services$ 18,000

Total$ 30,200

Function 53 – Data Processing

61XX – Salaries$ 139,600

62XX – Contracted Services$ 30,000

63XX – Supplies & Materials$ 45,000

64XX – Other Expenses$ 200

Total$ 214,800

Function 61 – Community Service

64XX – Other Expenses$ 300

Total$ 300

Function 71 – Long Term Debt

65xx – Debt Service$ 210,000

Total$ 210,000

Function 93 – Payments to Fiscal Agent

64XX – Miscellaneous Expenses$ 208,000

Total$ 208,000

Function 99 – Payments/Appraisal District

62XX – Contracted Services$ 135,000

Total$ 135,000

Total Expenses$ 8,797,063

Total 199 Budget$ 8,797,063

HearneIndependentSchool District

Estimated Fund Balances/Comments

September 1, 2015

  1. The following amounts are given for informational estimates only. There are factors in August that may affect the balances presented.

A. Food Service (101) $ 207,955 – 97,089 = $ 110,866

B. General Fund (199) $ 5,414,939 –246,370 = $ 5,168,569

C. Debt Service (599) $ 348,704

D. Building Fund (616) $ 1,357,987

  1. The Appraisal District has provided the district with the Certified Taxable Value for 2015-2016. The amount of $ 398,520,765 is a decrease of $ 53,059,961 in Taxable Value from the previous year.
  1. The tax rate for 2015-2016 will remain the same; Maintenance & Operation at $1.04 and Interest & Sinking at $0.23, for a total tax rate of $1.27.
  1. The General Fund Budget (199) for 2015-2016 is $ 8,797,063 for revenue and expenditures. This is a decrease of about $ 688,137 due to state and local funding.
  1. The district may use about $290,000 from the General Operating Fund Balance to offset the operating costs due to salary increases and building/construction/improvement projects.