United ISD 2015

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ROBERTJ.SANTOS,SUPERI
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956)4736201
UNITED INDEPENDENT SCHOOL DISTRICT

Laredo, Texas
COMPREHENSIVE
ANNUAL FINANCIAL REPORT
Year Ended August 31, 2015
Prepared by: The Division of Finance

COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED AUGUST 31, 2015
TABLE OF CONTENTS
INTRODUCTION SECTION
Letter of Transmittal ..........................................................................................................................
GFOA Certificate of Achievement ....................................................................................................
Principal UISD Officials....................................................................................................................
Organizational Chart ..........................................................................................................................
Certificate of Board ...........................................................................................................................
FINANCIAL SECTION
Independent Auditors Report ...........................................................................................................
Managements Discussion and Analysis ...........................................................................................
Basic Financial Statements:
Government-wide Financial Statements:
Statement of Net Position ..........................................................................................................
Statement of Activities...............................................................................................................
Fund Financial Statements:
Balance Sheet Government Funds ..........................................................................................
Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net
Position ......................................................................................................................................
Statement of Revenues, Expenditures and Changes in Fund Balances
Government Funds................................................................................................................
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund
Balances of Governmental Funds to the Statement of Activities .........................................
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget
and Actual - General Fund ....................................................................................................
Statement of Fiduciary Net Position - Fiduciary Funds .............................................................
Schedule of the Districts Proportionate Share of the Net Pension Liability..............................
Schedule of District Contributions..
Notes to the Financial Statements...................................................................................................
Combining and Individual Fund Statements and Schedules:
Combining Balance Sheet Non-major Governmental Funds ......................................................
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
Non-major Governmental Funds ...............................................................................................
Statement of Changes in Assets and Liabilities - Agency Fund .....................................................
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and
Actual:
Child Nutrition Program ...............................................................................................................
Debt Service Fund ........................................................................................................................
Texas Education Agency Required Schedules:
Schedule of Delinquent Taxes Receivable ...................................................................................
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12
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14
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19
25
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106

COMPREHENSIVE ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS
FINANCIAL SECTION continued
Capital Assets Used in the Operation of Governmental Funds:
Investment in Governmental Funds Capital Assets by Source ..................................................... 111
Schedule by Function and Activity .............................................................................................. 112
Schedule of Changes in General Capital Assets ........................................................................... 120
STATISTICAL SECTION
Financial Trends Information:
Net Position by Component ............................................................................................................
Change in Net Position ...................................................................................................................
General Revenues and Total Changes in Net Position ...................................................................
Fund Balances for Governmental Funds ........................................................................................
Governmental Funds Revenues ......................................................................................................
Changes in Fund Balances of Governmental Funds .......................................................................
Local Revenues by Source, Governmental Funds ..........................................................................
Revenue Capacity Information:
Assessed Value and Actual Value of Taxable Property .................................................................
Property Tax Rates - Direct and Overlapping Governments ..........................................................
Principal Property Taxpayers .........................................................................................................
Property Tax Levies and Collections ..............................................................................................
Debt Capacity Information:
Ratios of Net Bonded Debt to Taxable Assessed ...........................................................................
Legal Debt Margin Information......................................................................................................
Direct and Overlapping Governmental Activities Debt .................................................................
Demographic and Economic Information:
Demographic and Economic Statistics ...........................................................................................
Principal Employers .......................................................................................................................
Operating Information:
Full-time Equivalent District Employees by Type .........................................................................
Expenditures, Enrollment and Per Pupil Cost ................................................................................
Teacher Base Salaries .....................................................................................................................
Instructional Classroom Usage .......................................................................................................
FEDERAL AWARDS SECTION
Independent Auditors' Report on Compliance and on Internal Control over Financial
Reporting Based on an Audit of Financial Statements Performed in Accordance
with Government Auditing Standards ..........................................................................................
Independent Auditors' Report on Compliance with Requirements Applicable To each
Major Program and Internal Control over Compliance in Accordance with OMB
Circular A-133 ..............................................................................................................................
Schedule of Findings and Questioned Costs......................................................................................
Summary Schedule of Prior Audit Findings ......................................................................................
Schedule of Expenditures of Federal Awards....................................................................................
Notes on Accounting Policies for Federal Awards ............................................................................
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CAFR for the Year Ending August 31, 2015
United Independent School District

Division of Finance
201 Lindenwood Drive, Laredo, Texas 78045
(956) 473-6222, Fax (956) 473-6399
sflores@uisd.net
December 16, 2015
Board of Trustees
201 Lindenwood Drive
Laredo, Texas 78045
Dear Board Members:
We are pleased to present the United Independent School District (the District)
Comprehensive Annual Financial Report (CAFR) for the year ending August 31, 2015.
The report was prepared by the Division of Finance-Accounting Department.
Responsibility for the accuracy and fairness of the financial information and disclosures
contained in the report rests solely with this division. The Districts annual audited
financial statements of the governmental activities, each major fund, and the aggregate
remaining fund information are presented in conformity with requirements established by
the Texas Education Agency in their Financial Accountability Systems Resource Guide.
The Districts independent auditors were Pattillo, Brown & Hill, L.L.P. and their
opinion letter is hereby made a part of this report. The report as submitted to the Texas
Education Agency has been modified to conform to the reporting format required by the
Government Finance Officers Association. In addition, the Managements Discussion
and Analysis section is an integral part of the CAFR and can be found on page 25.
Texas law requires that each public school district in the state undergo an annual audit
conducted by an independent audit firm. This audit must be done in accordance with
generally accepted auditing standards and the standards applicable to financial audits
contained in Government Auditing Standards issued by the Comptroller General of the
United States. The audit must also comply with the requirements of the U.S. Office of
Management and Budget Circular A-133, Audits of States, Local Governments, and
Non-Profit Organizations, and other grantors regulations. The goal of the independent
audit was to provide reasonable assurance that the financial statements of United
Independent School District for fiscal year ended August 31, 2015, are free of material
misstatement and are presented in conformity with generally accepted accounting
principles (GAAP). The independent auditors report can be found on page 19.
Profile of the Government

The District is a political subdivision and is an independent reporting entity as defined by
the Governmental Accounting Standards Board Statement No. 14 (GASB 14). The
District is located in Webb County, Texas and serves a population of approximately
276,656 persons and provides services to a large portion of the City of Laredo. The
District was established in 1961 and united three small school districts that were in
existence at the time. These were Cactus School District, which was located 28 miles
north of Laredo on the Callaghan Ranch, Johnson School District, which was located in
South Laredo on state highway 83, and Nye School District, located on the northern edge
of the City of Laredo.
The District currently comprises north and southeast Laredo, as well as, 75 percent of
Webb County covering 2,448 square miles and is considered one of the fastest growing
public school districts in the state of Texas. During the last several years, the Districts
enrollment has risen from 41,876 students in 2010-2011 to 43,575 students in 2013-2014.
Current projections show the Districts student enrollment will continue to grow by
approximately 600 students per year for the next four years.
The District is made up of 26 Elementary Schools (Pre-Kinder to 5th Grade), 9 Middle
Schools (Grades 6, 7 and 8th), 4 High Schools, including one ninth grade campus,
(Grades 9, 10, 11 and 12th), 4 Magnet Schools (Grades 9-12th), 1 Alternative Education
Center, and 4 Recovery and Prevention Programs. The student population of the District
in 2014-2015 was primarily Hispanic American (98.2%). The remaining population
consisted of White Americans (0.8%), African American (0.3%), Asian/Pacific Islanders
(0.6%) and the rest are two or more races (0.1%).
The policy-making functions of the District lie with a seven-member Board of Trustees
(the Board), each of which is elected from a single-member district for three-year
staggered terms. The Board receives funding from local, state and federal source entities.
However, the Board is not included in any other reporting entity as defined by GASB 14.
This report contains all funds pertaining to the District. Serving without compensation,
Board members establish the policies by which schools operate. In carrying out the task
of setting policy, the board identifies needs and establishes priorities for the school
system, allocates financial and human resources among the priority areas and evaluates
school performance.
On an annual basis, the District presents the Board of Trustees with the proposed budgets
for the General Operating Fund, the Debt Service Fund, and the Child Nutrition Program
for approval as required by the Texas Education Code and as described in the Texas
Education Agencys Financial Accountability Systems Resource Guide. The proposed
budget is presented to the Board summarized at the function level for each of the funds
above. The Board is required to hold a public hearing on the proposed budget and to
adopt a final budget no later than August 31, the close of the Districts fiscal year. After
adoption of the budget, the appropriation amounts are entered into the Districts
accounting and encumbrance system and monitoring of the expenditures and

encumbrances in relation to the approved budget begins.
Budget managers have the authority to approve budget transfers anytime during the year.
A budget transfer is the movement of appropriations between budget line items within the
same function. Any request to move appropriations between budget line items to
different functions is considered a budget amendment. Any budget amendment requested
by budget managers requires Board approval. Expenditure requests will not be processed
unless appropriations are available in the line item.
The District feels that the budgetary controls currently in place are adequate to ensure
that expenditures remain within the approved budget and that the District complies with
regulations established by the Texas Education Code and the Financial Accountability
Systems Resource Guide.
The District evaluates the existing system of internal controls annually through selfevaluation, internal auditing and the annual independent financial and compliance audit.
Internal controls are designed to provide reasonable, but not absolute, assurance
regarding: 1) the safeguarding of assets against loss from authorized use or disposition;
and 2) the reliability of financial records for preparing financial statements and
maintaining accountability for assets. The concept of reasonable assurance recognizes
that: 1) the cost of controls should not exceed benefits expected to be derived; and 2) the
evaluation of costs and benefits requires estimates and judgments by management.
Academics play a significant role in the lives of our students. Our campuses offer a wide
variety of courses in all academic areas, including gifted and talented and advanced
placement courses at our high schools. The District continues to support existing
programs such as career/technology and expanding programs such as the Science,
Business, and Engineering Magnet Schools. The focal point of this years budget is on
instruction with budgeted expenditures for students and teachers making up over 50.8%
of the General Fund budget. The District budgeted $197,118,057 for the 2014-2015
school year on instructional and instructional related service funds. This represents an
increase of $10.5 million over the previous years budget.
The E-Chalk Teacher Email System was set up in order to facilitate communications
between campuses and parents. With this system, teachers are able to place their class
schedules, calendars, and homework online for parents to have easy access to the
information at any time. Another useful tool is the School Messenger System. This
system enables the campuses and the District to communicate with parents by leaving
phone messages in the event of an emergency, for special announcements and for
attendance issues. Messages are sent in English and Spanish to both residential and cell
phone numbers.
With the difficulty in accessing the citys few libraries, some campuses have become
hubs for learning and reading through Library Nights, Family Reading Nights, Picnic Up
a Good Book and Read, and Bibliotherapy. Technology Linking the Community
program fosters technological literacy in parents and to the community through classes
offered at several campuses.
In addition, the District funds the several college readiness programs which helps provide
training for students from grades 6 12 on college preparatory materials and issues.
Some of the critical factors it offers are introducing the idea of college at a very early age,
and encourages parental involvement through its FUNdamentals of College Admissions
Program that helps families make decisions about college. The District funded $875,859
in 2014-2015 for this purpose.
In the spring of 2012, the State of Texas Assessments of Academic Readiness (STAAR)
replaced the Texas Assessment of Knowledge and Skills (TAKS). The STAAR program
at grades 3-8 will assess the same subjects and grades that are currently assessed on
TAKS. At the high school level, however, grade-specific assessments will be replaced
with 12 end-of-course (EOC) assessments: Algebra I, geometry, Algebra II, biology,
chemistry, physics, English I, English II, English III, World Geography, World History,
and U.S. History.
On the STAAR EOC assessments, there are three levels that describe student
performance:
Level III - Advanced Academic Performance
Level II - Satisfactory Academic Performance
Level I - Unsatisfactory Academic Performance.
The number of teachers with less than five years teaching experience makes up more than
31.6% of the total teachers in the District. The District sustains a teacher mentor
program, called Pathfinders of the 21st Century, which provides role models of
effective instructional strategies for those teachers new to the profession. The District
believes the Pathfinder program has had a positive impact on the TAKS test.
Factors Affecting Financial Condition
Federal Government
On Feb. 13, 2009, Congress passed the American Recovery and Reinvestment Act
(ARRA) of 2009 which was signed it into law four days later. A direct response to the
economic crisis, the Recovery Act has three immediate goals, (1) Create new jobs as well
as save existing ones, (2) Spur economic activity and invest in long-term economic
growth, and (3) Foster unprecedented levels of accountability and transparency in
government spending. These funds total over $20,695,336 for United ISD. To date,
United ISD has spent all ARRA funds.
State Government
Approximately 70% of the state revenue earned by the District is attributed to the student
growth and special populations of students it serves. The foundation funding level is
driven by the average daily attendance (ADA) of students and the full-time equivalents
(FTE) of special populations such as bilingual, special education and economically
disadvantaged students. It is imperative the District takes measures to encourage student
attendance and identify those students with special needs.
The State of Texas held its 82nd legislative session in the spring of 2011. The passage of
Senate Bill 1 had an impact on state funding for public education by decreasing the
amount allocated to schools by approximately 6% for the 2012 year and 8% decrease for
the 2013 year. For UISD, the state revenue based on current law means that we received
$16 million less in state funding for 2012 and an expected $9 million less in 2013 for a
total reduction of $25 million.
During the 2013 83rd legislative session, the State of Texas adopted a biennial budget that
restored $3.2 billion of the $4.0 billion that was cut from the basic State Aid for the
finance system during the 2011 legislative session. Several of the revenue reduction
formulas were eliminated. The 2014 and 2015 fiscal years saw an increase in the Regular
Program Adjustment Factor (RPAF) from 0.98 to 1.00 which restored the regular
program allotment funding to 100%. The basic allotment was increased for the biennium
as well. This increase will result in more funding for United ISD for fiscal years 2014
and 2015 by $13.8 and $17.4 over current law, respectively.
Local Economy
Employment and the Labor Force
Laredo is considered the Gateway to Mexico and is a strategically positioned land port
that connects Mexicos principle highway and railroad with U.S. rail lines and U.S.
Interstate 35, which services Texas seaports and northern U.S. states. International trade,
transportation, retail trade, oil and gas, and tourism continue to play a major role in the
Laredo/Webb County area economy. Laredos economy reaches the over 6,000,000
people from Monterrey, Mexico and the surrounding areas. Laredo is one of the fastest
growing cities east of the Rocky Mountains and the most competitive NAFTA crossing
into Mexico.
Webb County continues to show growth in population and industry, with the majority of
the growth situated within the boundaries of the District. The top ten employers in the
area consist of one medical service facility, one grocery/retail store, one fast food
restaurant, and seven government institutions including the City of Laredo, the County of
Webb, Laredo ISD, United ISD, Texas A&M International University, the Laredo Sector
Border Patrol, and US Customs. Together, these employers provide jobs for over 24,561
people. The population in the Laredo/Webb County area was estimated to have reached
271,797 persons for the year 2014 according to the Laredo Development Foundation.
The area felt the effect of the peso devaluation in 1995 and 1996 with the unemployment
rate rising into the double-digit range. However, the economy in Mexico has stabilized
and the unemployment rate in the Laredo area is the lowest on the U.S. Mexican border
currently at 6.0%. This is a slight increase over the average of the past 5 years of 5.9%.
The industries in the area showing the most gains were transportation, public utilities,
communications, and the government sector. The maquiladora companies in the area
continue to cause the manufacturing process to shift into Mexico, with the United States
side benefiting from increased freight forwarding, transportation, and warehousing
services.
International Trade
Webb County, Texas is located on the border where U.S. Highway 35 meets the Mexico
border across from Nuevo Laredo, Tamaulipas, Mexico. International bridges I and II are
located between Laredo and Nuevo Laredo and international bridge III is located between
Laredo and the city of Colombia, Mexico. International bridge IV is in the northwest
portion of Laredo and is used primarily for freight transportation purposes. The opening
of this fourth bridge has helped alleviate the traffic congestion that was being
experienced at the other three bridges. At one point, the Laredo City Council, as well as
the County of Webb, were looking into to constructing a fifth international bridge for
non-commercial use, but to date no progress has been made.
With its proximity to Mexico, the areas largest factor on the local economy continues to
be the trade between the United States and Mexico. Laredo is the number one inland port
along the US-Mexico border crossing over $180.1 billion in imports and export according
to the Laredo Development Foundation. The North American Free Trade Agreement
(NAFTA) continues to provide Laredo with tremendous growth in freight forwarding,
freight transportation and freight storage industries. Imports and exports between the
United States and Mexico passing through the Laredo area have risen steadily over the
last five years. Over 700 of Fortune 1,000 companies do international business via
Laredo. The international bridges crossed over 2,816,285 trucks and 534,811 loaded rail
cars along with 447.3 million pounds of air freight in 2013-2014. This traffic has
spurred increases in other industries such as retail sales, construction and government.
Oil and Gas Industry
The oil and gas industry continues to be a factor in the Webb County/District economy.
In prior years, with the District being considered a rural school district, mineral values
made up a substantial portion of the total property values for the District. The Eagle Ford
Shale hydrocarbon production is a major oil and gas undertaking located in the North
Western part of the District. This production has significant importance due to its
capability of producing both gas and more oil than other traditional shale plays. The
shale play trends across Texas from the Mexican border up into East Texas, roughly 50
miles wide and 400 miles long with an average thickness of 250 feet according to the
Texas Railroad Commission.
With the majority of the growth in the Laredo area occurring in our District, the mineral
portion of values is approximately 31.2% of the total assessed valuation of the District
and is expected to increase over the next ten years due to the Eagle Ford Shale
production. However, 2014 and 2015 have seen a slow-down in drilling and production
due to the excess supply of oil and gas in the world markets. The Districts financial
management team will be studying the impact this may have on the Districts finances.
Retail Industry
The retail industry continues to have a major effect on the economy of the Webb
County/District area. In 2010, the retail industry continued to provide more jobs than any
other industry located in the area, accounting for approximately 28,700 jobs. Laredos
Wal-Mart has the highest sales per square foot in the nation. In addition, the total
assessed valuation for real commercial property made up almost 14.46% of the Districts
entire assessed property valuation, second only to residential single family units. The
retail industry is projected to stay strong if population projections remain as they are.
Banking Industry
The banking industry in the Webb County/District area remains strong with eleven
financial institutions operating in the county/district. The banking industry has combined
total assets of over $1.459 trillion.
Long-term Facilities Planning

The District has experienced some growth in the student population from school year
2014 to school year 2015. As such, classrooms must be provided to accommodate this
growth. A long-range facility master plan developed by administration includes a
projected district-wide enrollment increase of approximately 3,000 students over the next
five years. The District is projected to be at about 47,000 students for school year 20172018.
Faced with the challenge of providing a quality education for increasing numbers of
students, the Board of Trustees invited community members to explore options for
dealing with this growth. A 100 member Blue Ribbon Committee, composed of parents,
District patrons and community members, was appointed by the Board. After conducting
demographic studies, needs assessments, and considering the Districts growth, the Blue
Ribbon Committee presented its recommendations on how to handle the Districts
growth. On November 5, 2013, the constituents of United ISD passed a bond election of
$408.7 million.
The majority of the funds, $341.7 million, will be for constructing 14 new schools
including the rebuilding of two current elementary schools, and additions/renovations of
approximately $30.0 million to existing schools and other facilities. A portion of funds
will be used for instructional technology, $22.0 million, which includes network
wiring/infrastructure and additional equipment designed to aid students and teachers in
the learning process. The remaining funds, $10.9, will be used to upgrade security and
safety equipment for all campuses within the District. Included are $3.9 million in
issuance costs.
Phase I of the $408.7 million bond began in Fiscal Year 2013-2014 with the issuance of
$100.0 million, which includes a bond premium of $13.2 million at TIC of 3.9%.
Construction of the Districts 27th elementary school is scheduled to be completed by July
of 2015 with the opening of the school in August of 2015. Several technology and
security upgrades have started and will be completed by the summer of 2015 as well. In
addition, in August 2015, United ISD issued a second issuance of $100 million in new
bonds from the $408.7 million authorized leaving $208.7 million unissued. The bond
proceeds were $100.9 million which includes a bond premium of $12.9 million at TIC of
3.89%. The Capital Projects Funds has inception to date expenditures of $43.6 million,
of which $37.3 million were spent during 2015.
The District has spent all of the $17.4 million in Qualified School Construction Bonds
issued through the American Recovery and Reinvestment Tax Act of 2009. UISD used
these funds to replace and upgrade fire detection and alarm systems, HVAC
replacements, electrical and lighting systems upgrades, roof replacements, ADA
compliance renovations and repair the Districts original athletic complex.
Debt Service
Debt Service is a major area of cost due to the Districts building program which is
primarily financed by the sale of general obligation bonds. The Texas Education Code
(TEC) authorizes the District to issue negotiable coupon bonds to construct, acquire, or
equip school buildings, to purchase necessary sites, or to acquire or refinance property
financed under a contract entered into under the Public Property Finance Act. The
District is further authorized to levy and assess annual ad valorem taxes sufficient to pay
the principal and interest on the bonds as they become due. The Districts primary
objective in debt management is to keep the level of indebtedness within available
resources and within legal debt limitations.
All bond elections are held in accordance with statutory requirements and bonds are
issued and taxes are levied in compliance with Sections 45.001, 45.003(b)(1), and
45.003(e) of the Texas Education Code.
The District refunded $52,905,000 of outstanding bonds by issuing new bonds of
$48,270,000. The District will benefit from this refunding with a net present value
savings of $5.7 million, with a True Interest Cost (TIC) of 3.34%.
As of August 31, 2015, the District had $383.9 million of School Building Unlimited Tax
Bonds, Capital Appreciation Bonds and Public Property Finance Contractual Obligations,
with maturities extending into the year 2045. The Districts Debt Service fund balance is
$4,638,945 as of August 31, 2015.
Fiduciary Operations
The District maintains the fiduciary responsibility of monitoring the individual campus
student activity funds. The District ensures that proper control over cash is maintained
and that all procedures are in accordance with TEAs Financial Accountability Systems
Resource Guide. As of August 31, 2015, total assets for student activity funds were
$1,495,587.
Financial Management Awards
Texas Comptroller Leadership Circle Award
The Texas Comptroller of Public Accounts launched the Texas Comptroller Leadership
Circle program in December 2009 to recognize local governments across Texas that were
striving to meet a high standard for financial transparency online. The Leadership Circle
is awarded to those local governments that are opening their books to the public,
providing clear, consistent pictures of spending and sharing information in a user-friendly
format that lets taxpayers easily drill down for more information.
Leadership Circle designees receive a certificate reflecting their Circle Award level:
Gold, Silver or Bronze. Gold highlights those entities that are setting the bar with their
transparency efforts. Silver encourages those who are making progress, and Bronze
inspires those who are just beginning their transparency efforts.
UISD applied for and received a Bronze award for the first time in 2013-2014.
Financial transparency will continue to be the Districts ongoing goal.
Texas Education Agency SchoolFIRST Award
For the thirteenth consecutive time, the United Independent School District has earned
the Texas Education Agencys (TEA) highest fiscal rating of Superior Achievement
under the First Integrity Rating System of Texas or SchoolFIRST program for the 20132014 school year. Implemented in 2001, SchoolFIRST is a yearly Texas public school
financial accountability program in which Texas school districts submit a financial report
based on several required indicators.
The SchoolFIRST program was created by TEA in response to the Texas Legislatures
request to address several public school system accountability issues. The program
ensures that school districts be held accountable for the quality of their financial
management practices through various given ratings.
The system is designed to encourage Texas public schools to manage their financial
resources in a more fiscally appropriate manner and to allow the maximum allocation
possible for direct instructional purposes. The system also discloses the quality of local
management and decision-making processes that impact the allocation of financial
resources in Texas public schools.
Certificates of Achievement and Excellence

The Government Finance Officers Association of the United States and Canada (GFOA)
awarded a Certificate of Achievement for Excellence in Financial Reporting to United
Independent School District for its comprehensive annual financial report for the fiscal
year ended August 31, 2014. This was the sixteenth consecutive year that the
government has achieved this prestigious award. In order to be awarded a Certificate of
Achievement, a government must publish an easily readable and efficiently organized
comprehensive annual financial report. This report must satisfy both generally accepted
accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our
current comprehensive annual financial report continues to meet the Certificate of
Achievement Programs requirements and we are submitting it to the GFOA to determine
its eligibility for another certificate.
In addition, the District received the GFOAs Distinguished Budget Presentation Award
for its annual budget document for fiscal year 2014-2015. This is the thirteenth
consecutive year the award has been received. In order to qualify for the Distinguished
Budget Presentation Award, the governments budget document was judged to be
proficient in several categories, including as a policy document, a financial plan, an
operations guide, and a communications device.
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PRINCIPAL DISTRICT OFFICIALS
Board of Trustees
Javier Montemayor, Jr., President
Juan Roberto Ramirez, Vice-President
Ricardo Rodriguez, Secretary
Ricardo Molina Sr., Parliamentarian
Aliza Flores Oliveros, Member
Ramiro Veliz, III, Member
Judd Gilpin, Member
Administrators
Roberto J. Santos, Superintendent
Gloria Rendon, Associate Superintendent for Administration
Eduardo Zuiga, CPA, Associate Superintendent Student Support Services
David Gonzalez, Associate Superintendent of Curriculum and Instruction
Laida P. Benavides, CPA, Assistant Superintendent for Business & Finance
Enrique Rangel, Assistant Superintendent of Facilities, Construction & Student Services
David Garcia, Assistant Superintendent for Human Resources
Mike Garza, Assistant Superintendent for Administration
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Independent
Auditors Report
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INDEPENDENT AUDITORS REPORT

Board of Trustees
Laredo, Texas
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, each major fund,
and the aggregate remaining fund information of the United Independent School District (the District),
as of and for the year ended August 31, 2015, and the related notes to the financial statements, which
collectively comprise Districts basic financial statements as listed in the table of contents.
Managements Responsibility for the Financial Statements
The Districts management is responsible for the preparation and fair presentation of these financial
statements in accordance with accounting principles generally accepted in the United States of America;
this includes the design, implementation, and maintenance of internal control relevant to the preparation
and fair presentation of financial statements that are free from material misstatement, whether due to
fraud or error.
Auditors Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted
our audit in accordance with auditing standards generally accepted in the United States of America and
the standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditors judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
In making those risk assessments, the auditor considers internal control relevant to the entitys preparation
and fair presentation of the financial statements in order to design audit procedures that are appropriate in
the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entitys
internal control. Accordingly, we express no such opinion. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of significant accounting estimates
made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinions.
19
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, each major fund, and the aggregate remaining
fund information of the United Independent School District as of August 31, 2015, and the respective
changes in financial position and, where applicable, thereof for the year then ended in accordance with
accounting principles generally accepted in the United States of America.
Emphasis of Matter
As discussed in Note I to the financial statements, in 2015, the District adopted new accounting guidance
prescribed by GASB Statement No. 68 for its pension plan a multiple-employer, cost-sharing, defined
benefit pension plan that has a special funding situation. Because GASB Statement No. 68 implements
new measurement criteria and reporting provisions, significant information has been added to the
Government-Wide Statements. Exhibit A-1 discloses the Districts Net Pension Liability and some
deferred resource outflows and deferred resource inflows related to the Districts pension plan. Exhibit
B-1 discloses the adjustment to the Districts Beginning Net Position. Our opinion is not modified with
respect to the matter.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Managements
Discussion and Analysis and budgetary comparison information as listed in the table of contents, be
presented to supplement the basic financial statements. Such information, although not a part of the basic
financial statements, is required by the Governmental Accounting Standards Board who considers it to be
an essential part of financial reporting for placing the basic financial statements in an appropriate
operational, economic, or historical context. We have applied certain limited procedures to the required
supplementary information in accordance with auditing standards generally accepted in the United States
of America, which consisted of inquiries of management about the methods of preparing the information
and comparing the information for consistency with managements responses to our inquiries, the basic
financial statements, and other knowledge we obtained during our audit of the basic financial statements.
We do not express an opinion or provide any assurance on the information because the limited procedures
do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the United Independent School Districts basic financial statements. The introductory section,
combining and individual non major fund financial statements, statistical section, Texas Education
Agency (TEA) required schedules and the statistical section, as listed on the table of contents, are
presented for the purpose of additional analysis and are not required as part of the financial statements.
The schedule of expenditures of federal awards is presented for purposes of additional analysis as
required by U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments,
and Non-Profit Organizations, and is also not a required part of the basic financial statements.
20
21
22
Managements
Discussion and
Analysis
23
24
MANAGEMENTS DISCUSSION AND ANALYSIS

UNAUDITED
In this section of the Comprehensive Annual Financial Report, we, the managers of United Independent
School District, discuss and analyze the Districts financial performance for the fiscal year ended August
31, 2015. Please read it in conjunction with the independent auditors report on page 19, and the Districts
Basic Financial Statements which begin on page 39.
FINANCIAL HIGHLIGHTS
The Districts Board of Trustees approved for the Child Nutrition Program to change from a more
traditional approach for determining free and reduced lunch and breakfast through Income
Eligibility Application to the Community Eligibility Provision which offers free lunch and
breakfast to all students in Districts with high percentages of low-income children. Therefore,
the Food Service, Proprietary Fund in Fiscal Year 2014 is now accounted for in the Districts
General Fund. Any comparison of the Districts financial data between Fiscal Year 2015 and any
prior years must include the Proprietary Fund account balances. Exhibit J-4, Schedule of
Revenues, Expenditures, and Changes in Fund Balance, is still required and can be found on page
103.
The Districts net position decreased by $41.9 million as a result of this years operations. The
most significant item that affected this change in net position was the implementation of GASB
68, Net Pension Liabilities, which caused a negative prior period adjustment to Net Position of
$52.6 million.
Revenues for governmental activities increased, specifically through local property tax
collections by $31.6 million. State Aid increased by $1.2 million, property tax collections
increased by $26.0 million. This change in revenue resource was anticipated because of the State
of Texas 82 legislative session which addressed the States budget shortfall by reducing funding
to school districts and with the steady increase in taxable property values.
The General Fund reported a fund balance this year of $89.9 million, a decrease of $514,178 from
last year. This decrease is attributed, in part, to the expenditures exceeding revenues after other
financing sources and uses are taken into consideration. In addition, the Districts General Fund
Unassigned Fund Balance decreased by $1,009,956 to $81.7 million. More information is
detailed in the accompanying notes to the financial statements.
The District refunded $52,905,000 of outstanding bonds by issuing new bonds of $48,270,000.
The District will benefit from this refunding with a net present value savings of $5.7 million, with
a True Interest Cost (TIC) of 3.34%.
In addition, United ISD issued a second issuance of $100 million in new bonds from the $408.7
million authorized leaving $208.7 million unissued. The bond proceeds were $100.9 million
which includes a bond premium of $12.9 million at TIC of 3.89%.
OVERVIEW OF THE FINANCIAL STATEMENTS

The Comprehensive Annual Financial Report (CAFR) consists of an Introductory Section, Financial
Section, Statistical Section and a Federal Awards Section. The Financial Section consists of four parts
Managements Discussion and Analysis (this section), the basic financial statements (with accompanying
notes), required supplementary information, and an optional section that presents combing statements for
non-major governmental funds, Texas Education Agency required schedules and capital assets used in the
25
operation of governmental funds. The statements are intended to be organized so that the reader can
understand the District as an entire operating entity.
The basic financial statements include two kinds of statements that present different views of the District
in addition to the notes that explain some of the information in the basic financial statements and provide
data that are more detailed:
The first two statements are government wide financial statements, the Statement of Net Position
and the Statement of Activities, which provide both long-term and short-term information about
the Districts overall financial status. They provide information about the activities of the District
as a whole and reflect the flow of total economic resources in a manner similar to the financial
reports of a business enterprise.
The remaining statements are fund financial statements that focus on individual parts of the
government, reporting the Districts operations in more detail than the government-wide
statements.
o
o
The governmental funds statements tell how general government services were financed
in the short-term as well as what remains for future spending.
Fiduciary fund statements provide information about the financial relationships in which
the District acts solely as a trustee or agent for the benefit of others, to whom the
resources in question belong.
In Fiscal Year 2013, the District implemented Government Accounting Standards Board (GASB)
Statement 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources,
and Net Position and early implementation of GASB Statement 65, Items Previously Reported as Assets
and Liabilities, which change the structure of the balance sheet and changed the statement of net assets to
the statement of net position. Deferred outflows of resources is reported in a separate section following
assets, while deferred inflows of resources is reported in a separate section following liabilities. Assets
plus deferred outflows of resources less liabilities and deferred inflows of resources equal net position.
However, for governmental funds, the format is assets plus deferred outflows of resources equal liabilities
plus deferred inflows of resources plus fund balance. Statement 65 reclassifies items previously reported
as assets and liabilities into deferred outflows and inflows of resources. It also limits the use of the term
deferred to only items reported as deferred outflows of resources or deferred inflows of resources. For
determining major fund status, assets should be combined with deferred outflows of resources and
liabilities should be combined with deferred inflows of resources.
The financial statements also include notes starting on page 55 that provide narrative explanations or
additional data needed for full disclosure in the government-wide statements or the fund financial
statements.
The combining statements for non-major funds contain even more information about the Districts
individual funds. These are not required by TEA. The sections labeled TEA Required Schedules and
Federal Awards Section contain data used by monitoring or regulatory agencies for assurance that the
District is using funds supplied in compliance with the terms of grants.
26
Reporting the District as a Whole

The Statement of Net Position and the Statement of Activities
The analysis of the Districts overall condition and operation begins on page 39. The government-wide
statements report information about the activities of the District as a whole using accounting methods
similar to those used by private-sector companies. The Statement of Net Position includes all of the
Districts assets, deferred outflows of resources, deferred inflows of resources, liabilities and net position
at the end of the year while the Statement of Activities includes all the revenues and expenses generated
by the Districts operations during the year regardless of when cash is received or paid.
The Districts revenues are divided into those provided by outside parties who share the costs of some
programs such as tuition received from students from outside the District and grants provided by the U.S.
Department of Education to assist children with disabilities or from disadvantaged backgrounds (program
revenues), and revenues provided by the taxpayers or by TEA in equalization funding processes (general
revenues). All the Districts assets are reported whether they serve the current year or future years.
Liabilities are considered regardless of whether they must be paid in the current or future years.
The two government-wide statements report the Districts net position and how they have changed. Net
position the difference between the Districts assets and liabilities are one way to measure the
Districts financial health or financial position. Over time, increase or decrease in the Districts net
position is an indicator of whether its financial health is improving or deteriorating, respectively. To fully
assess the overall health of the District, however, you should consider non-financial factors as well, such
as changes in the Districts average daily attendance or its property tax base and the condition of the
Districts facilities.
In the Statement of Net Position and the Statement of Activities, we outline the District activities:
Government Activities Most of the Districts basic services are reported here, including the
instruction, counseling, co-curricular activities, transportation, maintenance, and general
administration. Property taxes and state and federal grants finance most of these activities.
Reporting the Districts Most Significant Funds

Fund Financial Statements
The Fund Financial Statements begin on page 42 and provide detailed information about the Districts
most significant funds not the District as a whole. Laws and contracts require the District to establish
some funds, such as grants received under the No Child Left Behind Act, from the U.S. Department of
Education and such as bond covenants. The Districts administration establishes many other funds to
help it control and manage money for particular purposes (like campus activity funds). The Districts
currently has two fund types governmental and fiduciary which have different accounting approaches.
Governmental funds Most of the districts basic services are reported in the governmental
funds. These use modified accrual accounting (a method that measures the receipt and
disbursement of cash and all other financial assets that can be readily converted to cash) and
report balances that are available for future spending. The governmental fund statements provide
a detailed short-term view of the Districts general operations and the basic services it provides.
We describe the differences between governmental activities (reported in the Statement of Net
position and the Statement of Activities) and governmental funds in reconciliation schedules C2
and C4 located on pages 45 and 48 respectively following each of the fund financial statements.
27
Fiduciary funds The District is the trustee, or fiduciary, for certain funds. It is also responsible
for other assets that because of a trust arrangement can be used only for their intended
purposes. All of the Districts fiduciary activities are reported in a separate Statement of
Fiduciary Net position on page 50. We exclude these activities from the Districts governmentwide financial statements because the District cannot use these assets to finance its operations.
FINANCIAL ANALYSIS OF THE DISTRICT AS A WHOLE

Net Position
Our analysis focuses on the net position (Table A-1) and changes in net position (Table A-2) of the
Districts governmental activities. The most significant item that affected this change in net position was
the implementation of GASB 68, Net Pension Liabilities which caused a negative prior period adjustment
to Net Position of $52.6 million.
28
Table A-1
Changes in United Independent School District's Net Position
(In millions of dollars)
Governmental
Activities
2015
2014
Total
Percentage
Change
2015-2014
Current Assets:
Cash and Cash Equivalents
Current Investments
Property Taxes Receivable
Allowance for Uncollectible Taxes
Due from Other Governments
Accrued Interest
Internal Balances
Other Receivables, net
Inventories - Supp. and Materials
Prepayments
Total Current Assets:
$ 219.4 $ 177.6
45.0
20.0
5.2
5.3
(1.7)
(1.8)
10.5
9.4
0.01
0.10
0.2
0.5
0.9
0.9
0.7
0.7
$ 280.1 $ 212.7
23.5%
124.7%
-1.9%
-3.3%
11.6%
-91.5%
0.0%
-67.5%
2.6%
6.8%
31.7%
Noncurrent Assets:
Capital Assets
Less Accum. depreciation
Total Noncurrent Assets
Total Assets
$ 644.0 $ 599.4
(274.7) (257.6)
$ 369.3 $ 341.8
$ 649.5 $ 554.6
7.4%
6.6%
8.1%
17.1%
Deferred Outflows of Resources:

Deferred Charge for Refunding
Deferred Outflow Related to TRS
Total Deferred Outflows of Resources:
3.5
12.3
15.8 $
2.6
2.6
35.5%
100.0%
516.7%
10.8 $
10.9
0.5
0.05
0.2
0.1
22.5 $
Current Liabilities:
Accounts Payable
Accrued Wages Payable
Due to Other Government
Due to Student Groups
Accrued Expense
Unearned Revenue
Payable from Restricted Assets
Total Current Liabilities
8.7
9.3
1.0
0.04
0.17
0.3
0.5
20.1
23.4%
17.4%
-54.7%
31.0%
-100.0%
-31.0%
-77.7%
12.3%
Non-Current Liabilities:
Due Within One Year
Due in More Than One Year
Net Pension Liability (District's Share)
Total Liabilities
20.4
23.2
418.6
328.4
46.4
$ 507.8 $ 371.7
-12.2%
27.5%
100.0%
36.6%
Deferred Inflows of Resources:

Deferred Inflow Related to TRS
Total Deferred Inflows of Resources:
Net Position:
Net Investment in Capital Assets
Restricted for Debt Service Fund
Restricted for Capital Projects
Restricted for Other Purposes
Unrestricted
Total Net Position
14.2
14.2 $
89.4 $ 81.6
8.4
5.4
71.7
82.7
2.4
0.8
(28.8)
14.9
$ 143.2 $ 185.4
29
100.0%
100.0%
9.6%
55.7%
-13.2%
184.4%
-293.0%
-22.8%
In 2015, the Districts total revenues increased by $33.7 million. A significant portion, 40.3%, of the
Districts revenue comes from State Aid Formula funding, 40.6% comes from property taxes, while
another 17.1% is received from operating grants and contributions (Figure A-1). The total cost of all
programs and services also increased from $411.0 to $434.9 million; Over 82.2% of these costs are for
instructional and student services (Table A-2).
Sources of Revenues for Fiscal Year 2015

Figure A - 1
Grants &
Contributions
17%
Other
2.6%
State Aid
40%
Property
Taxes
40.4%
The District took actions to maintain costs for the 2014-2015 Fiscal Year by maintaining the same cost
saving measures used in the prior fiscal year to control expenses by limiting budgets and not issuing staff
pay raises. In addition, the District implemented a purchasing deadline to address savings in order to
redirect expenditures where necessary.
Table A-2 outlines the Districts changes in revenues and expenses.
30
Table A-2
Changes in United Independent School District's Revenues and Expenses
Governmental
Activities
Program Revenues
Charges for Service
Operating Grants and Contributions
General Revenues
Property Taxes
State Aid - formula
Grants and Contributions not Restricted
Investment Earnings
Other
Total Revenues
2015
2015-2014
5.8 $ 7.7
69.8
64.1
-24.9%
9.0%
179.9
153.9
178.3
177.2
5.9
5.1
0.3
0.2
5.3
3.2
$ 445.4 $ 411.3
16.9%
0.7%
16.2%
101.9%
63.7%
8.3%
Instruction
Instructional Resources and Media
Curriculum Dev./Instructional Staff Dev.
Instructional Leadership
School Leadership
$ 232.4 $ 224.0
6.3
6.1
4.0
3.7
8.6
7.1
25.1
24.2
3.7%
4.3%
9.0%
21.0%
3.7%
Guidance/Counseling/Evaluation Srvs
Social Work Services
Health Services
Student Transportation
Food Services
Co/Extracurricular Activities
General Administration
Plant Maintenance & Oper.
Security & Monitoring Svcs.
Data Processing Services
Community Services
Debt Service - Interest Long Term Debt
Debt Service - Bond Issuance Cost/Fees
Juvenile Justice Alt. Education Prg.
Webb County Appraisal District
Total Expenses
15.1
14.3
2.9
2.5
4.5
4.2
17.6
16.3
28.3
26.0
12.5
11.5
11.9
11.2
40.1
37.0
8.4
6.9
2.8
3.0
0.5
0.5
10.9
9.4
1.4
1.1
0.1
0.2
2.0
1.8
$ 435.4 $ 411.0
5.2%
14.8%
7.7%
7.5%
9.0%
8.2%
6.4%
8.3%
21.9%
-7.1%
-0.9%
16.5%
25.9%
-20.5%
13.9%
6.0%
Change in Net Position
$ 10.0 $ 0.36
2685.0%
Net Position -- Beginning

Prior Period Adjustment
Net Position -- Ending
$ 185.4 $ 185.0
(52.2)
$ 143.2 $ 185.4
0.2%
100.0%
-22.8%
31
2014
Total
Percentage
Change
Table A-3 presents the cost of each of the Districts largest functions, as well as, each functions net cost
(total cost less fees generated by the activities and intergovernmental aid). The net cost reflects funding
by state revenues as well as local tax dollars.
Table A-3
Net Cost of Selected District Functions
Instruction & Instruction Related

Instructional and School Leadership
Plant Maintenance & Operations
Debt Service - Interest & Fiscal Charges
Total Cost of
% Change
2015
2015-2014
2014
$ 242.7 $ 233.7
33.7
31.3
40.1
37.0
12.3
10.5
3.8%
7.7%
8.3%
17.5%
Net Cost of
2015
2014
$ 207.1 $ 199.6
30.0
28.1
39.2
36.1
12.3
10.5
% Change
2015-2014
3.8%
6.5%
8.5%
17.5%
FINANCIAL ANALYSIS OF THE DISTRICTS FUNDS

As the District completed the year, its governmental funds (as presented in the balance sheet on pages 42
and 43 reported a combined fund balance of $253.9 million, which is significantly more than last years
total of $186.1 million. The contributing factor to this increase is the issuance of $100 million in new
bonds of which $158.4 million remains in Restricted Fund Balance as of August 31, 2015.
Revenues from governmental fund types totaled $443.9 million, an increase of $56.1 million over last
years revenue. The majority of this increase comes from an increase in local tax collections of $26
million.
General Fund Budgetary Highlights
Over the course of the year, the Board of Trustees revised the Districts budget several times.
These budget amendments fall into three categories:
The first category includes amendments and supplemental appropriations that were approved
shortly after the beginning of the year and reflect the actual beginning balances (versus the
amounts we estimated in August 2015). These amendments are not a part of the original budget
adopted by the Board of Trustees before the beginning of the 14-15 Fiscal Year. These
amendments included $5.6 million in outstanding encumbrances at the end of August 31, 2014.
The second category includes changes that the Board made during the fiscal year, one of which
addressed the need to reclassify the Proprietary Fund Food Services to a General Fund totaling
$24.5 million is reclassifications only. The Board amended the budget by $7.9 million to
purchase land adjacent to Alexander High School to allow for additional programs being offered
and to purchase a warehouse for additional space needed to house the Facilities Department staff
and inventory, $3.9 million and $4.0 million respectively. An additional budget amendment
allowed UISD to build a road at a cost of $819,420. The Board of Trustees allocated funds to
purchase more land located in the south portion of the District for a future campus at a cost of
$1.2 million. Another amendment allocated $325,358 to purchase buses that are fueled by natural
gas. This amendment allowed UISD to collaborate with the Texas Railroad Commissions
32
Alternative Fuels Clean School Bus Replacement Program. Another amendment allocated $5
million for a non-capital lease to purchase computers for teachers and students to support
technology in the classrooms. In addition, an amendment was made at the end of the year to add
$18.6 million to state program budgeted revenues and appropriated payroll expenditures to
recognize the states contribution to the Teacher Retirement System of Texas (TRS) on-behalf of
the Districts employees.
The third category involved amendments moving funds from programs that did not need all the
resources originally appropriated to them to programs with resource needs.
Even with these adjustments, the General Fund actual expenditures were $12.2 million below the final
budget amount. The most significant positive variances resulted from savings of approximately $4.5
million in budgeting for staff for full time employment for positions that were vacant for some portion of
the year, maintenance projects for $3.9 million in outstanding encumbrances and issuing purchase orders
late in the year for the construction projects discussed above which resulted $6 million of outstanding
encumbrances not expended by August 31, 2015.
CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets
At the end of 2015, the District had $369.6 million invested in a broad range of capital assets (net of
depreciation), including land, equipment, buildings, and vehicles (Table A-4).
Table A-4
United Independent School District's Capital Assets
Governmental
Activities
2015
2014
Total
Percentage
Change
2015-2014
Land
Buildings
Vehicles
Furniture & Equipment
Other - C.I.P.
Totals
45.8 $ 39.9
517.8
498.8
28.8
30.4
28.0
26.4
23.6
4.0
$ 644.0 $ 599.5
14.8%
3.8%
-5.3%
5.9%
492.6%
7.4%
Total accumulated depreciation

Net capital assets
$ (274.7) $ (257.7)
$ 369.3 $ 341.8
6.6%
8.1%
The Board of Trustees held a bond election on November 5, 2013 to meet the needs of overcrowding and
projected student growth. A committee of community members composed of parents, teachers and
District patrons were faced with the task of developing a plan to meet UISDs growth. The voters of
UISD approved a $408.7 million bond that will provide 14 new schools (7 elementary schools, 3 middle
33
schools and 4 ninth grade campuses), improve technology, increase safety and security and construct
several renovation projects throughout the entire District. The construction of new schools will use
83.6% of the bond proceeds. More detailed information about the Districts capital assets is presented in
Note F to the Financial Statements on page 68.
As of August 31, 2015, the District had issued $200 million of the 408.7 million authorized, leaving
$208.7 unissued.
Long Term Debt
At the end of the year, the District had $435.2 million in bonds and notes outstanding as shown in Table
A-5. The Districts current ratings for general obligation bonds are AA- by Fitch and Aa2 with
Moodys, as well as, an A+ with Standard & Poors. However, United ISDs rating backed by the
Texas Permanent School Fund guarantee is AAA by all the rating agencies. More detailed information
about the Districts debt is presented in the Note G to the Financial Statements page 69.
Table A-5
United Independent School District's Long Term Debt
Governmental
Activities
2015
2014
Total
Percentage
Change
2015-2014
Bonds Payable
Notes and Leases Payable
$ 403.7 $ 318.2
31.5
30.1
26.9%
4.8%
Total Bonds, Notes and Leases Payable
$ 435.2 $ 348.2
25.0%
ECONOMIC FACTORS AND NEXT YEARS BUDGET AND RATES

The Districts appointed officials considered many factors when setting the Fiscal Year 2016 Budget and
tax rates. One major factor is the Districts student population growth. The Districts 2015-2016
enrolment is expected to be 43,345, a decrease of 875 students from the 2014-2015 PEIMS Fall
Submission. The City of Laredo also continues to experience moderate growth as it has had over the past
couple of years.
The 79th Legislature for the State of Texas passed HB1 which required all school districts to adopt an
M&O tax rate at 66.67% of its 2005-2006 tax rate for the 2007-2008 fiscal year. As a result, United
Independent School Districts M&O tax rate decreased from $1.379 to $0.92. However, HB1 gave
authority to the Board of Trustees to increase this rate an additional $0.04 over a two year period with an
additional $0.06 increase not to exceed the calculated rollback rate for 2007-2008, which allows UISD to
have an M&O tax rate of $1.04. With the issuance of $100.9 million in new bonds, the Board of Trustees
raised the Debt Service tax rate by $0.01 to $0.18486 in order to meet the increase debt service payments.
Therefore, the Board elected to adopt a tax rate of $1.22486 for fiscal year 2015-2016, with a
maintenance and operations tax rate to $1.04 and debt service tax rate of $0.18486.
34
The State of Texas held its 84th legislative session this past spring which concluded on June 1, 2015.
During the session, the Legislature adopted a biennial budget that included an additional $3.2 billion for
public education. Even though no significant modifications were made to the underlying school finance
structure, the 2015 Legislature increased the Basic Allotment for the 2015-16 fiscal year from $5,040 to
$5,140. For a district like UISD, HB7 fractional funding fix will allow UISD to receive approximately
$7.3 million in state revenue for each year of the biennium. In addition, homeowners have an opportunity
to reduce their homestead exemption by an additional 10% from the existing 15% by approving this
change in the law in the November 2015 election.
The Districts Board of Trustees adopted a 2016 operating budget with a 1.1% increase from 2015;
approximately $3.7 million. The Districts focus for 2016 is starting phase two of the newly authorized
bond funds which includes new schools, technology and security upgrades and renovations to existing
District facilities, while continuing to meet the needs of 43,345 students.
Amounts available for appropriation in the General Fund budget are $339.8 million. State revenues will
increase as the student population increases. Property tax collections will also increase with the increase
in taxable property values. The District will use its revenues to finance programs we currently offer.
Furthermore, the District will continue to pursue an instructional facilities needs assessment plan that will
address the need for new instructional facilities throughout the District. If these estimates are realized, the
Districts budgetary fund balance of the general fund is not expected to change by the close of 2015-2016.
CONTACTING THE DISTRICTS FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors
with a general overview of the Districts finances and to demonstrate the Districts accountability for the
money it receives. If you have questions about this report, or need additional financial information,
contact the Districts Finance Division, at United Independent School District, 201 Lindenwood Dr.,
Laredo, Texas 78045 or visit us at www.uisd.net.
35
36
Basic Financial
Statements
37
38
39
40
EXHIBIT B-1

STATEMENT OF ACTIVITIES
Net (Expense)
Revenue and
Changes in Net
Position
Program Revenues
Data
1
Control
Codes
Expenses
Charges for
Services
Operating
Grants and
Contributions
Primary Gov.
Governmental
Activities
Primary Government:
11
12
13
21
23
31
32
33
34
35
36
41
51
52
53
61
72
73
95
99
GOVERNMENTAL ACTIVITIES:
Instruction
Instructional Resources and Media Services
Curriculum and Staff Development
School Leadership
Guidance, Counseling and Evaluation Services
Health Services
Student (Pupil) Transportation
Food Services
Extracurricular Activities
Facilities Maintenance and Operations
Security and Monitoring Services
Community Services
Debt Service - Interest on Long Term Debt
Debt Service - Bond Issuance Cost and Fees
Payments to Juvenile Justice Alternative Ed. Prg.
Other Intergovernmental Charges
[TP] TOTAL PRIMARY GOVERNMENT:

Data
Control
Codes
232,355,416
6,339,147
4,006,032
8,615,248
25,089,800
15,067,057
2,871,387
4,537,741
17,558,146
28,327,353
12,478,996
11,922,646
40,111,269
8,420,975
2,765,522
461,278
10,937,640
1,385,013
147,255
2,043,065
1,868,764 $
22,741
2,953,125
934,382
-
29,567,129 $
295,513
3,915,991
2,388,544
1,360,045
3,034,508
134,124
222,828
684,447
26,050,297
107,562
417,879
932,059
370,665
106,193
251,734
-
(200,919,523)
(6,043,634)
(90,041)
(6,226,704)
(23,729,755)
(12,032,549)
(2,737,263)
(4,314,913)
(16,873,699)
(2,254,315)
(9,418,309)
(10,570,385)
(39,179,210)
(8,050,310)
(2,659,329)
(209,544)
(10,937,640)
(1,385,013)
(147,255)
(2,043,065)
435,440,986 $
5,779,012 $
69,839,518
(359,822,456)
General Revenues:
Taxes:
MT
DT
SF
GC
IE
MI
S1
Property Taxes, Levied for General Purposes

Property Taxes, Levied for Debt Service
State Aid - Formula Grants
Grants and Contributions not Restricted
Investment Earnings
Miscellaneous Local and Intermediate Revenue
Special Item - Sale of Land
154,008,688
25,890,352
178,339,308
5,896,278
349,021
4,179,319
1,121,000
TR
Total General Revenues and Special Items
369,783,966
CN
NB
PA
NE
Change in Net Position

Net Position - Beginning
Prior Period Adjustment
Net Position--Ending
The notes to the financial statements are an integral part of this statement.
41
9,961,510
185,412,274
(52,181,042)
$
143,192,742

BALANCE SHEET
GOVERNMENTAL FUNDS
AUGUST 31, 2015
Data
10
General
Fund
Control
Codes
50
Debt Service
Fund
60
Capital
Projects
ASSETS
1110
1120
1220
1230
1240
1250
1260
1290
1300
1410

Investments - Current
Property Taxes - Delinquent
Allowance for Uncollectible Taxes (Credit)
Receivables from Other Governments
Accrued Interest
Due from Other Funds
Other Receivables
Inventories
Prepayments
89,264,468 $
5,000,000
4,441,550
(1,482,718)
6,805,281
2,471
2,239,938
137,109
923,738
722,210
5,091,838 $
716,406
(239,080)
-
124,087,927
40,000,000
5,981
40,388
-
1000
Total Assets
108,054,047 $
5,569,164 $
164,134,296
4,064,863 $
10,359,215
160,000
163,920
116,377
- $
452,893
-
5,688,565
-
14,864,375
452,893
5,688,565
3,245,936
477,326
3,245,936
477,326
LIABILITIES
2110
2160
2170
2180
2190
2300
2400
Accounts Payable
Due to Other Funds
Due to Other Governments
Unearned Revenues
Payable from Restricted Assets
2000
Total Liabilities
DEFERRED INFLOWS OF RESOURCES

2601
2600
Unavailable Revenue - Property Taxes

Total Deferred Inflows of Resources
FUND BALANCES
Nonspendable Fund Balance:
3410
3430
Inventories
Prepaid Items
923,738
722,210
Restricted Fund Balance:

3450
3470
3480
Child Nutrition Program Grant Restriction

Capital Acquisition and Contractural Obligation
Retirement of Long-Term Debt
1,371,139
3,780,589
4,638,945
158,445,731
-
Committed Fund Balance:

3530
Capital Expenditures for Equipment
1,260,020
125,000
81,761,040
Assigned Fund Balance:

3580
3590
3600
Self-Insurance
Other Assigned Fund Balance
Unassigned Fund Balance
3000
Total Fund Balances
4000
Total Liabilities, Deferred Inflows & Fund Balances
89,943,736
$
42
108,054,047 $
4,638,945
158,445,731
5,569,164 $
164,134,296
EXHIBIT C-1
T otal
Governmental
Funds
Other
Funds
912,953 $
40,000
3,667,913
7
-
219,357,186
45,040,000
5,157,956
(1,721,798)
10,473,194
8,459
2,239,938
177,497
923,738
722,210
4,620,873 $
282,378,380
1,036,411 $
556,366
2,079,938
155
48,683
43,167
-
10,789,839
10,915,581
2,239,938
453,048
48,683
207,087
116,377
3,764,720
24,770,553
3,723,262
3,723,262
923,738
722,210
1,371,139
158,445,731
8,419,534
1,260,020
856,153
-
125,000
856,153
81,761,040
856,153
253,884,565
4,620,873 $
282,378,380
43
44
EXHIBIT C-2
RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE
STATEMENT OF NET POSITION
AUGUST 31, 2015
Total Fund Balances - Governmental Funds
253,884,565
1 Capital assets used in governmental activities are not financial resources and therefore are not
reported in governmental funds. At the beginning of the year, the cost of these assets was
$599,480,576, the accumulated depreciation was $257,660,368 and the deferred resource outflow
of $2,559,800. In addition, long-term liabilities, including bonds payable, Public Property Finance
Contractual Obligations (PPFCO's), and leases totaled $348,241,888 and other long-term liabilities
of $3,391,793 are not due and payable in the current period, and, therefore are not reported as
liabilities in the funds. The net effect of including the beginning balances for capital assets (net
of depreciation) and long-term debt in the governmental activities is to (decrease) net position.
(7,253,671)
2 Current year capital outlays of $ 47,627,415 ($46,779,544 from facilities acquisition and
construction with the remaining $847,871 coming from the various other functions) and longterm debt principal payments of $19,870,868, amortization of premiums in the amount of
$2,717,453, refunded bonds of $52,905,000, and reductions of $4,812,401 of other liabilities, and
$907,202 in deferred resource outflows are expenditures in the fund financial statements, but
they should be shown as increases in capital assets and reductions in long-term debt in the
government-wide financial statements. The retirement of capital assets of $3,130,734, the net
effect of issuing General Obligation Bonds of $87,960,000, refunding bonds in the amount of
$48,270,000, a new lease of $4,956,966, the premium on the refunding bonds of $6,403,641 and the
premium of the new GO bonds $12,949,471, the accretion on Capital Appreciation Bonds of
$1,924,630, and the accumulation of other benefits of $5,120,606 in the financial statements
should be as decreases in capital assets and increases in long-term debt in the government-wide
financial statements. The net effect of including the 2015 capital outlays and debt principal
payments is to (decrease) net position.
(41,875,709)
3 Included in the items related to debt is the recognition of the District's proportionate share of the
net pension liability required by GASB 68 in the amount of $46,408,677, a Deferred Resource
Inflow related to TRS in the amount of $14,196,552 and a Deferred Resource Outflow related to
TRS in the amount of $12,314,514. This amounted to a (decrease) in Net Position in the amount
of $48,290,715.
(48,290,715)
4 The 2015 depreciation expense of $19,690,214 net of adjustments/disposals of $2,695,224

increases accumulated depreciation. The net effect of the current year's depreciation is to
(decrease) net position.
(16,994,990)
5 Various other reclassifications and eliminations are necessary to convert from the modified
accrual basis of accounting to accrual basis of accounting. These include recognizing
unavailable revenue from property taxes as revenue, eliminating interfund transactions,
reclassifying the proceeds of bond sales as an increase in bonds payable, and recognizing the
liabilities associated with maturing long-term debt and interest. The net effect of these
reclassifications and recognitions is to increase net position.
19 Net Position of Governmental Activities
3,723,262
45
143,192,742

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
GOVERNMENTAL FUNDS
10
General
Fund
Data
Control
Codes
50
Debt Service
Fund
60
Capital
Projects
REVENUES:
5700
5800
5900
5020
T otal Local and Intermediate Sources

State Program Revenues
Federal Program Revenues
Total Revenues
161,110,465 $
192,580,901
30,083,310
26,134,774
2,136,871
-
383,774,676
28,271,645
145,300
145,300
EXPENDITURES:
Current:
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
Instruction
Curriculum and Instructional Staff Development
School Leadership
Health Services
Student (Pupil) T ransportation
Food Services
Community Services
204,816,088
5,832,985
356,138
6,697,255
21,991,751
13,000,925
2,889,271
4,573,387
15,506,199
26,412,691
11,288,287
11,751,236
37,412,794
8,279,926
2,603,422
223,729
Debt Service:
0071
0072
0073
Principal on Long T erm Debt

Interest on Long T erm Debt
Bond Issuance Cost and Fees
3,525,869
662,797
1,370
16,345,000
10,723,253
521,603
862,040
Capital Outlay:
0081
Facilities Acquisition and Construction
10,350,380
147,255
2,043,065
36,429,164
Intergovernmental:
0095
0099
6030
1100

Total Expenditures
Excess (Deficiency) of Revenues Over (Under)
Expenditures
390,366,820
27,589,856
37,291,204
(6,592,144)
681,789
(37,145,904)
1,121,000
4,956,966
-
48,270,000
6,403,641
(54,156,617)
87,960,000
12,949,471
-
6,077,966
517,024
100,909,471
(514,178)
90,457,914
1,198,813
3,440,132
63,763,567
94,682,164
89,943,736 $
4,638,945
OTHER FINANCING SOURCES (USES):

7901
7911
7912
7913
7916
8940
7080
Refunding Bonds Issued

Capital Related Debt Issued (Regular Bonds)
Sale of Real and Personal Property
Non-Capital Leases
Premium or Discount on Issuance of Bonds
Payment to Bond Refunding Escrow Agent (Use)
Total Other Financing Sources (Uses)
1200
0100
Net Change in Fund Balances

Fund Balance - September 1 (Beginning)
3000
Fund Balance - August 31 (Ending)
46
158,445,731
EXHIBIT C-3
T otal
Governmental
Funds
Other
Funds
$
2,876,473 $
2,457,523
26,816,498
190,267,012
197,175,295
56,899,808
32,150,494
444,342,115
19,660,937
34,281
3,764,458
1,996,374
2,930,516
2,279,322
4,761
4,800
1,030,295
38,624
8,036
243,974
224,477,025
5,867,266
4,120,596
8,693,629
24,922,267
15,280,247
2,889,271
4,578,148
15,510,999
27,442,986
11,288,287
11,751,236
37,451,418
8,287,962
2,603,422
467,703
19,870,869
11,386,050
1,385,013
46,779,544
147,255
2,043,065
31,996,378
487,244,258
154,116
(42,902,143)
48,270,000
87,960,000
1,121,000
4,956,966
19,353,112
(54,156,617)
107,504,461
154,116
702,037
64,602,318
189,282,247
856,153 $
253,884,565
47
EXHIBIT C-4
RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES TO THE STATEMENT OF ACTIVITIES
Total Net Change in Fund Balances - Governmental Funds
Current year capital outlays of $47,627,415 ($46,779,544 from facilities acquisition and construction
with the remaining $847,871 coming from the various other functions) and long-term debt principal
payments of $19,870,868, amortization of premiums in the amount of $2,717,453, refunded bonds of
$52,905,000, and reductions of $4,812,401 of other liabilities and $907,202 in deferred resource
outflows are expenditures in the fund financial statements, but they should be shown as increases
in capital assets and reductions in long-term debt in the government-wide financial statements.
The retirement of capital assets of $3,130,734, the net effect of issuing General Obligation Bonds
of $87,960,000, refunding bonds in the amount of $48,270,000, a new capital lease of $4,956,966, the
premiumon the refunding bonds of $6,403,641 and the premium of the new GO bonds of
$12,949,471, the accretion on Capital Appreciation Bonds of $1,924,630, and the accumulation of
other benefits of $5,120,606 in the financial statements schould be as decreases in capital assets
and increases in long-term debt in the government-wide financial statements. The net effect of
removing the 2015 capital outlays and debt principal payments is to (decrease) net position.
(41,875,709)
Depreciation is not recognized as an expense in governmental funds since it does not require the
use of current financial resources. The net effect of the current year's depreciation is to
(decrease) net position.
(16,994,990)
Various other reclassifications and eliminations are necessary to convert from the modified
accrual basis of accounting to accrual basis of accounting. These include recognizing
unavailable revenue from property taxes as revenue, adjusting current year revenue to show the
revenue earned from the current year's tax levy, eliminating interfund transactions, reclassifying
the proceeds of bond sales, and recognizing the liabilities associated with maturing long-term
debt and interest. The net effect of these reclassifications and recognitions is to increase net
position.
(60,620)
The implementation of GASB 68 required that certain expenditures be de-expended and recorded
as deferred resource outflows. These contributions made after the measurement date of 8/31/2014
caused the change in the ending net position to increase in the amount of $8,580,173. The
amounts expensed for FY 2015 were $7,209,194 and the amounts de-expended for the net deferred
resource inflow for TRS were $2,919,532. The District recorded their proportionate share of the
pension expense during the measurement period as part of the net pension liability. This caused a
net decrease in the change in net position of $4,289,662. The impact of all of these is to increase
the change in net position by $4,290,511.
Change in Net Position of Governmental Activities
48
64,602,318
4,290,511
9,961,510

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - GENERAL FUND
Actual Amounts
(GAAP BASIS)
Data
Control
Budgeted Amounts
Codes
Original
EXHIBIT C-5
Variance With
Final Budget
Positive or
(Negative)
Final
REVENUES:
5700
5800
5900
5020
T otal Local and Intermediate Sources

Total Revenues
158,660,453 $
176,588,865
25,396,293
156,660,453 $
195,216,475
28,246,293
161,110,465
192,580,901
30,083,310
4,450,012
(2,635,574)
1,837,017
360,645,611
380,123,221
383,774,676
3,651,455
191,206,625
5,422,781
488,651
6,721,114
21,300,932
12,578,378
2,771,360
4,421,009
15,457,594
23,882,941
10,807,536
10,598,656
37,300,974
7,537,320
2,578,959
225,201
208,239,735
5,984,304
641,627
6,949,873
22,243,981
13,471,054
2,915,490
4,668,902
16,740,974
26,192,684
11,685,248
12,012,427
38,927,421
8,348,550
2,961,493
244,087
204,816,088
5,832,985
356,138
6,697,255
21,991,751
13,000,925
2,889,271
4,573,387
15,506,199
26,412,691
11,288,287
11,751,236
37,412,794
8,279,926
2,603,422
223,729
3,423,647
151,319
285,489
252,618
252,230
470,129
26,219
95,515
1,234,775
(220,007)
396,961
261,191
1,514,627
68,624
358,071
20,358
3,518,812
668,768
8,000
3,547,812
668,768
8,000
3,525,869
662,797
1,370
21,943
5,971
6,630
1,000,000
13,478,796
10,350,380
3,128,416
200,000
1,950,000
223,780
2,050,000
147,255
2,043,065
76,525
6,935
360,645,611
402,205,006
390,366,820
11,838,186
(22,081,785)
(6,592,144)
15,489,641
1,121,000
5,190,807
1,121,000
4,956,966
(233,841)
6,311,807
6,077,966
(233,841)
(15,769,978)
90,457,914
(514,178)
90,457,914
15,255,800
-
EXPENDITURES:
Current:
0011
0012
0013
0021
0023
0031
0032
0033
0034
0035
0036
0041
0051
0052
0053
0061
Instruction
School Leadership
Health Services
Food Services
Community Services
Debt Service:
0071
0072
0073
Principal on Long T erm Debt

Interest on Long T erm Debt
Capital Outlay:
0081
Facilities Acquisition and Construction
Intergovernmental:
0095
0099
6030
1100

Total Expenditures
Expenditures

7912
7913
7080

Non-Capital Leases
1200
0100

3000
90,457,914
$
90,457,914 $
49
74,687,936
89,943,736
15,255,800
EXHIBIT E-1
STATEMENT OF FIDUCIARY NET POSITION
FIDUCIARY FUNDS
AUGUST 31, 2015
Agency
Fund
ASSETS
$
1,471,185
24,402
Other Receivables
Total Assets
1,495,587
1,495,587
1,495,587
LIABILITIES
Total Liabilities
50
EXHIBIT G-1
SCHEDULE OF THE DISTRICT'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY

TEACHER RETIREMENT SYSTEM OF TEXAS
2015
0.1737412%
District's Proportion of the Net Pension Liability (Asset)

$
District's Proportionate Share of Net Pension Liability (Asset)
46,408,677
134,346,191
State's Proportionate Share of the Net Pension Liability (Asset)

associated with the District
Total
District's Covered-Employee Payroll
180,754,868
248,317,358
District's Proportionate Share of the Net Pension Liability (Asset) as a

percentage of its covered-Employee Payroll
18.69%
Plan Fiduciary Net Position as a Percentage of the Total Pension Liability
83.25%
Note: GASB 68, 81,2,a requires that the information on this schedule be data from the period corresponding with the period covered as of the
measurement date of August 31, 2014 - the period from September 1, 2013 - August 31, 2014.
Note: Only one year of data is presented in accordance with GASBS #68, paragraph 138. "The information for all periods for the 10-year
schedules that are required to be presented as required supplementary information may not be available initially. In these cases, during the
transition period, that information should be presented for as many years as are available. The schedules should not include information that
is not measured in accordance with the requirements of this Statement."
51
EXHIBIT G-2

SCHEDULE OF DISTRICT CONTRIBUTIONS
TEACHER RETIREMENT SYSTEM OF TEXAS
FOR FISCAL YEAR 2015
2015
Contractually Required Contribution
Contribution in Relation to the Contractually Required Contribution
8,580,173
(8,580,173)
Contribution Deficiency (Excess)
-0-
District's Covered-Employee Payroll
264,087,437
Contributions as a Percentage of Covered-Employee Payroll
3.25%
Note: GASB 68, Paragraph 81,2,b requires that the data in this schedule be presented as of the District's current fiscal year as opposed to the
time period covered by the measurement date of September 1, 2013 - August 31, 2014.
Note: Only one year of data is presented in accordance with GASBS #68, paragraph 138. "The information for all periods for the 10-year
schedules that are required to be presented as required supplementary information may not be available initially. In these cases, during the
transition period, that information should be presented for as many years as are available. The schedules should not include information that
is not measured in accordance with the requirements of this Statement."
52
Notes to Financial
Statements
53
54

Laredo, Texas
For The Year Ended August 31, 2015
A.
REPORTING ENTITY
The Board of School Trustees (Board), a seven member group, has governance responsibilities
over all activities related to public elementary and secondary education within the jurisdiction of
the United Independent School District (District), Laredo, Texas. Because members of the Board
of Trustees are elected by the public; have the authority to make decisions, appoint administrators
and managers, and significantly influence operations; and have the primary accountability for fiscal
matters; the District is not included in any other governmental "reporting entity" as defined by
Governmental Accounting Standards Board (GASB). There are no component units included
within the reporting entity.
Since the District receives funding from local, state, and federal government sources, it must
comply with the requirements of the entities providing those funds.
B.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

United Independent School District (District) is a public educational agency operating under
applicable laws and regulations of the State of Texas. It is governed by a seven member Board of
Trustees (Board) elected by registered voters of the District. The District prepares its basic
financial statements in conformity with generally accepted accounting principles promulgated by
the Governmental Accounting Standards Board and it complies with the requirements of the
appropriate version of Texas Education Agencys Financial Accountability System Resource Guide
(Resource Guide) and the requirements of contracts and grants of agencies from which it receives
funds.
1. Government-Wide and Fund Financial Statements
The Statement of Net Position and the Statement of Activities are government-wide financial
statements. They report information on all of the United Independent School District
nonfiduciary activities. The Interfund services provided and used are not eliminated in the
process of consolidation. Governmental activities include programs supported primarily by
taxes, State foundation funds, grants and other intergovernmental revenues.
55

Laredo, Texas
B.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

The Statement of Activities presents a comparison between direct expenses and program revenues
for each function of the Districts Governmental Activities. The charges for services column
includes payments made by parties that purchase, use, or directly benefit from goods or services
provided by a given function or segment of the District. Examples include tuition paid by
students not residing in the District, school lunch charges, etc. The grants and contributions
column includes amounts paid by organizations outside the District to help meet the operational or
capital requirements of a given function. Examples include grants under the Elementary and
Secondary Education Act. If revenue is not program revenue, it is general revenue which is used to
support all of the Districts functions. Taxes are always general revenues. Direct expenses are
those that are specifically associated with a program or function. Indirect costs expenditures are
determined by applying approved indirect cost rates to actual applicable expenditures of federally
funded grant programs.
Interfund activities between governmental funds appear as due to/due from on the Governmental
Fund Balance Sheet and Proprietary Fund Statement of Net Position and as other resources and
other uses on the governmental fund Statement of Revenues, Expenditures and Changes in Fund
Balance. All interfund transactions between governmental funds are eliminated on the
government-wide statements. Interfund activities between governmental funds and fiduciary funds
remain as due to/due from on the government-wide Statement of Activities.
The fund financial statements provide reports on the financial condition and results of operations
for two fund categories-governmental and fiduciary. Since the resources in the fiduciary funds
cannot be used for District Operations, they are not included in the government-wide statements.
2. Measurement Focus, Basis of Accounting, and Financial Statement Presentation
The government-wide financial statements use the economic resources measurement focus and
the accrual basis of accounting, as do the proprietary fund. The fiduciary funds have no
measurement focus. Revenues are recorded when earned and expenses are recorded when a
liability is incurred, regardless of the timing of the related cash flows. Property taxes are
recognized as revenues in the year for which they are levied. Grants and similar items are
recognized as revenue as soon as all eligibility requirements imposed by the provider have
been met.
Governmental fund financial statements use the current financial resources measurement focus and
the modified accrual basis of accounting. With this measurement focus, only current assets, current
liabilities and fund balances are included on the balance sheet. Operating statements of these funds
present net increases and decreases in current assets (i.e., revenues and other financing sources and
expenditures and other financing uses).
56

Laredo, Texas
B.

The modified accrual basis of accounting recognizes revenues in the accounting period in which
they become both measurable and available, and it recognizes expenditures in the accounting
period in which the fund liability is incurred, if measurable, except for un-matured interest and
principal on long-term debt, which is recognized when due. The expenditures related to certain
compensated absences and claims and judgments are recognized when amounts are due and
payable. The District considers all revenues available if they are collectible within 60 days after
year end. The compensated absences are reported in governmental funds only if they matured.
Revenues from local sources consist primarily of property taxes. Property tax revenues and
revenues received from the State are recognized under the susceptible to accrual concept.
Miscellaneous revenues are recorded as revenue when received in cash because they are generally
not measurable until actually received. Investment earnings are recorded as earned, since they are
both measurable and available.
Grant funds are considered to be earned to the extent of expenditures made under the provisions of
the grant. Accordingly, when such funds are received, they are recorded as deferred revenues until
related and authorized expenditures have been made. If balances have not been expended by the
end of the project period, grantors sometimes require the District to refund all or part of the unused
amount.
The Fiduciary Funds utilize the accrual basis of accounting.
This basis of accounting recognizes revenues in the accounting period in which they are earned and
become measurable and expenses in the accounting period in which they are incurred and become
measurable. The fund equity is segregated into net investment in capital assets, restricted net
position, and unrestricted net position.
3. Fund Accounting
a. Major Governmental Funds
General Fund
The General Fund is the District's operating fund and is used to account for all
financial transactions except those required to be accounted for in another fund.
This is a budgeted fund and any fund balances are considered as resources
available for current operations. General Fund primary revenue sources include
local property taxes and state funding. The District's General Fund includes state
distributed federal funds and direct federal funds not required to be included in
the Special Revenue Funds. As of September 1, 2014, the Child Nutrition
Program changed fund type from Enterprise Fund to Governmental Fund.
57

Laredo, Texas
B.
Debt Service Fund

The Debt Service Fund accounts for the accumulation of resources for, and the
payment of bonded debt principal and interest. The primary revenue source is
local property taxes levied specifically for debt service. The fund balance of this
fund represents amounts that will be used for retirement of bonds and payment of
interest in the future. The Debt Service Fund is a budgeted fund.
Capital Projects Fund

The Capital Projects Fund was established to account for the proceeds from the
sales of bonds including earnings on investments of the fund. Proceeds are used
for the construction of new schools, safety and security, technology and
additions, and renovations and fees. Budgets for these funds are adopted on a
project basis rather than on an annual basis.
b.
Non-Major Governmental Funds
Special Revenue Funds

The Special Revenue Funds are used to account for the majority of federal and
state funded grants. These grants are awarded to the District with the purpose of
accomplishing specific educational tasks. Funds are used primarily for a math and
reading improvement program for the educationally deprived, a special education
program involving learning disabilities and the physically handicapped, a
vocational education program, and a drug education program. Budgets for these
funds are adopted on a project basis rather than on an annual basis.
c. Fiduciary Funds
Agency Fund
The Agency Fund is used to account for assets held by the District as an agent for
individuals, private organizations, other governmental units, and/or other funds.
These include Clearing Funds and Student Activity Funds. Student Activity Funds
are monies collected principally through fund-raising efforts of the individual
schools or school-sponsored groups (student activity funds).
58

Laredo, Texas
B.

4. Budgets
The following procedures are utilized in establishing the budgetary data reflected in the basic
financial statements:
Prior to August 20 of the preceding fiscal year, the District prepares a budget for
the next succeeding fiscal year beginning September 1. The operating budget
includes proposed expenditures and the means of financing them.
A meeting of the Board is then called for the purpose of adopting the proposed
budget after ten days public notice of the meeting has been given.
Prior to September 1, the budget is legally enacted through passage of a resolution

by the Board.
The legal level of budgetary control is at the major functional expenditure level by fund type.
Each budget is controlled by the budget coordinator. Annual budgets are adopted for the General
Fund, Child Nutrition Program Fund, and Debt Service on a basis consistent with generally
accepted accounting principles. Budgets for the Special Revenue funds as well as the Capital
Projects funds are adopted on a project basis rather than on an annual basis. Appropriations in
these funds remain open as carryover to succeeding years until related expenditures are made or
until they are modified or cancelled. All budget appropriations lapse at year end.
Once a budget is approved, it may be amended by management without Board approval within a
major functional expenditure category and can be amended at the function and fund level only by
approval of a majority of the members of the Board. Amendments at the function and fund level
are presented to the Board at its regular meetings. Such amendments are made before the fact,
are reflected in the official minutes of the Board and are made before the fiscal year end as
required by law. The budget amounts included in this report reflect various amendments made by
management or adopted by the Board throughout the year through the final amended budget.
The original budget was adopted by the Board on June 30, 2014. The General, Child Nutrition
Program and Debt Service Fund Budgets are prepared on the modified accrual basis of
accounting.
59

Laredo, Texas
B. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

5. Inventories
Inventories of supplies on the balance sheet are stated at cost, determined on the weighted
average method. Inventories are maintained on a perpetual inventory system and adjusted at
year end to physical count balances, if necessary. Inventory in governmental funds consist of
expendable goods held for consumption. Reported inventories in these funds are equally offset
by a fund balance reserve. Expenditures are recorded when individual inventory items are
requisitioned or consumed. Inventory is stated at cost, determined on the weighted average
method, except for food commodities which are recorded at market values supplied by the
Texas Department of Human Services. Commodities inventory at year end is offset by
unearned revenue, since revenue is recognized as inventory is used.
6. Fund Balance
Fund balance shall mean the gross difference between governmental fund assets and liabilities
reflected on the balance sheet. A detail description on Fund Balance is located on page 85.
7. Accumulated Unpaid Leave
The accumulated compensatory leave and sick leave that is expected to be liquidated with
expendable available resources is reported as an expenditure and a liability in the
Governmental Funds only if they have become due and payable. Employees are reimbursed
for unused sick leave upon retirement. The District uses the purchase method.
8. Accounting System
In accordance with Texas Education Code, Chapter 44, subchapter A, the District has adopted
and installed an accounting system which meets at least the minimum requirements prescribed
by the State Board of Education and approved by the State Auditor. Data Control codes refer
to the account code structure prescribed by the TEA in the Resource Guide.
9.
Foundation School Program Revenue

The State of Texas provides funding to Districts through the Foundation School Program based
on instructional days, average daily attendance by fiscal year, and other factors. The academic
year for the District typically begins several weeks before the beginning of the fiscal year
(September 1). During this period expenditures are incurred that relate directly to revenues
received in the subsequent fiscal year. In the current year, the District accrued Foundation
School revenues to match August days of instruction expenditures.
10.
Eliminations
Eliminating entries have not been made in the basic financial statements for transactions
between or within fund types.
60

Laredo, Texas
B.

11.
Estimates
The preparation of financial statements in conformity with generally accepted accounting

principles requires the Districts management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of contingent liabilities
at the date of the financial statements and the reported amounts of revenue and
expenses/expenditures during the reported period. Actual results could differ from those
estimates.
12.
For the statement of cash flows, cash and cash equivalents consists of cash in banks,
investment pool deposits, and securities with maturities of less than three months from the date
of purchase.
13.
Depreciation
Capital assets, which include land, buildings, furniture and equipment, are reported in the
applicable governmental activities columns in the government-wide financial statements.
Capital assets are defined by the District as assets with an initial, individual cost of more than
$5,000 and an estimated useful life in excess of one year. 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
materially extend assets lives are not capitalized. Major outlays for capital assets and
improvements are capitalized as projects are constructed.
The capital assets of the District are depreciated using the straight line method over the
following estimated useful lives:
Capital Assets
Buildings
Computer Equipment
Land Improvements
Office Equipment
Outdoor Equipment/Portables
Vehicles
61
Years
30
5-7
11-60
3-10
3-15
5-10

Laredo, Texas
B.

14.
Pensions
The fiduciary net position of the Teacher Retirement System of Texas (TRS) has been
determined using the flow of economic resources measurement focus and full accrual basis of
accounting. This includes for purposes of measuring the net pension liability, deferred
outflows of resources and deferred inflows of resources related to pensions, pension expense,
and information about assets, liabilities and additions to/deductions from TRSs fiduciary net
position. Benefit payments (including refunds of employee contributions) are recognized when
due and payable in accordance with the benefit terms. Investments are reported at fair value.
C.
DEPOSITS AND INVESTMENTS

Legal and Contractual Provisions Governing Deposits and Investments
The Public Funds Investment Act (the PFIA), Government code Chapter 2256 contains specific
provisions in the areas of investment practices, management reports and establishment of
appropriate policies. Among other things, it requires the District to adopt, implement, and
publicize an investment policy. That policy must be written, primarily emphasize safety of
principal and liquidity, and address investment diversification, yield, maturity and the quality and
capability of investment management. That policy must include: (1) a list of authorized
investments, (2) the maximum allowable stated maturity of any individual investment, (3) for
pooled fund groups, the maximum dollar-weighted average sated final maturity, (4) methods to
monitor market price of investments, (5) a requirement that all transactions, with limited
exceptions, settle on a delivery versus payment basis. Investment policies may provide bid
solicitation preferences for certificates of deposit. As an integral part of its investment policy, the
District shall also adopt a separate investment strategy for each of the funds or fund groups under
its control.
Statutes authorize the District to invest in (1) obligations of the U.S. Treasury or its agencies, and
instrumentalities, and the State of Texas or its agencies and instrumentalities; (2) insured or
collateralized certificates of deposit, (3) certain municipal securities, (4) certain commercial paper
securities, (5) repurchase agreements, (6) certain bankers acceptances, (7) money market mutual
funds and certain mutual bond funds, (8) investment pools, (9) and collateralized guaranteed
investment contracts.
The PFIA also requires the District to have independent auditors perform test procedures related to
investment practices as provided by the PFIA. The District is in substantial compliance with the
requirements of the PFIA and with local policies.
62

Laredo, Texas
C.
DEPOSITS AND INVESTMENTS (Continued)

Policies Governing Deposits and Investments
In compliance with the PFIA, the District has adopted an investment policy. That policy addresses
the following risks:
Disclosures Related to Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial
institution, a government will not be able to recover its deposits or will not be able to recover
collateral securities that are in the possession of an outside party. The custodial credit risk for
investments is the risk that, in the event of the failure of the counterparty (e.g., broker-dealer) to a
transaction, a government will not be able to recover the value of its investment or collateral
securities that are in the possession of another party. The PFIA, the Districts investment policy,
and Government Code Chapter 2257 (the Public Funds Collateral Act) contain legal or policy
requirements that would limit the exposure to custodial credit risk for deposits or investments.
The Districts policy requires:

1.
2.
3.
4.
5.
6.
Insurance or collateralization of all bank deposits

Third party safekeeping of all collateral securities
Monthly monitoring of collateral security market values
Minimum collateral security market values of 110% of non insured deposits
District authorization prior to any collateral security release or substitution and
Delivery versus payment for settlement of all investment security transactions
Custodial Credit Risk Deposits: The Districts bank account and certificate of deposit funds are
required to be deposited and invested under the terms of a depository contract. The depository
bank places for safekeeping with the Districts agent bank approved pledged securities in an
amount sufficient to protect District funds on a day-to-day basis during the period of the contract.
The pledge of approved securities is waived only to the extent of the depository banks dollar
amount of Federal Deposit Insurance Corporation (FDIC) insurance.
Custodial Credit Risk Investments: All District investment security transactions are settled using
the delivery versus payment method between the counterparty and the Districts safekeeping agent.
The Districts safekeeping agent holds all investment securities until maturity or liquidation by the
District.
63

Laredo, Texas
C.

Bank Deposits
At August 31, 2015, the Districts bank deposits (cash and interest-bearing accounts) were
$14,573,644. The carrying amount of the Districts deposits and investments is as follows:
Cash in Bank or On Hand-Cash Equivalents $
Investment Pools
Total Cash and Cash Equivalents
13,794,790
250,562,396
264,357,185
Certificate of Deposit
Total Cash and Current Investments $
40,000
264,397,186
The Districts cash deposits at August 31, 2015 were under collateralized on December 18, 2014
and February 12, 2015 due to the timing of daily deposits for tax collections. All other days were
covered by the FDIC Insurance and by pledged collateral held by the Districts agent in the
Districts name.
In addition, the following is disclosed regarding coverage of combined balances on the date of
highest deposit:
a. Depository:
BBVA Compass Bank
b. The market value of securities pledged as of the date of the highest combined balance on
deposit was $55,500,000.
c. The largest combined balances of cash, savings, and time deposit accounts amount to
$52,545,702 and occurred on December 18, 2014.
d. Total amount of FDIC coverage at the time of the largest combined balance was $250,000.
Disclosures Relating to Interest Rate Risk

Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value
of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of
its fair value to changes in market interest rates. The District manages its exposure to interest rate
risk through its investment policy and incorporated investment strategies by maintaining sufficient
balances in highly liquid investments (e.g. investment pools), purchasing investments timed to or
shorter than specific cash flow requirements and limiting the stated final maturity of all
investments.
64

Laredo, Texas
C.

Information about the sensitivity of the fair values of the Districts investments to market interest
rate fluctuations is provided by the following table that shows the specific investments and their
maturity:
Fair
Value
Investment Type
Certificate of Deposit (Compass Bank)
Lone Star Investment Pool (non 2a-7 like pool)

MBIA - CLASS Investment Pool (2a-7 like pool)
Weighted
Average
Maturity (Days)
40,000
100
28,686,203
120,213,581
Texas Daily (2a-7 like pool)
55,390,946
Texas Term (2a-7 like pool)
45,000,000
1,271,666
TexSTAR (2a-7 like pool)

Total Fair Value
Portfolio Weighted Average Maturity
250,602,396
1
Disclosure Relating to Credit Risk

Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the
holder of the investment. This is measured by the assignment of a rating by a nationally
recognized statistical rating organization. Presented below is the minimum rating required by
(where applicable) the Districts investment policy and the PFIA and the actual rating as of yearend for each investment.
Minimum
Legal Rating
Description
Certificate of Deposit (Compass Bank)
Lone Star Investment Pool (non 2a-7 like pool)
MBIA - CLASS Investment Pool (2a-7 like pool)
Texas Daily (2a-7 like pool)
Texas Term (2a-7 like pool)
TexSTAR
N/A
AAAm
AAAm
AAAm
AAAm
AAAm
Amount
$
65
40,000
28,686,203
120,213,581
55,390,946
45,000,000
1,271,666
250,602,396
Rating
N/A
AAA
AAAm
AAAm
AAAf
AAAm
0.02%
11.45%
47.97%
22.10%
17.96%
0.51%
100.00%

Laredo, Texas
C.

Concentration Risk
The investment policy of the District contains no limitations on the amount that can be invested in
any one issuer beyond that stipulated by the PFIA. There are investments that represent 5% or
more of total District investments.
The investment pools utilized by the District restrict concentration risk by adopting investment
policies requiring diversification as to maturity and issuer. The investment policy requires
diversification of investment security maturities based on the cash flow requirements of the
District.
Foreign Currency Risk
The District has no exposure to foreign currency risk.
Public Funds Investment Pools
Public funds investment pools in Texas (Pools) are established under the authority of the Interlocal Cooperation Act, Chapter 79 of the Texas Government Code and are subject to the provisions
of the PFIA. In addition to other provisions of the PFIA designed to promote liquidity and safety
of principal, the PFIA requires Pools to: (1) have an advisory board composed of participants in the
pool and other persons who do not have a business relationship with the pool and are qualified to
advise the pool; (2) maintain a continuous rating of no lower than AAA or AAA-m or an
equivalent rating by at least one nationally recognized rating service; and (3) if functioning as a
money market mutual fund, maintain the market value of its underlying investment portfolio within
one half of one percent of the value of its shares.
The Districts investments in Pools are reported at an amount determined by the fair value per
share of the pools underlying portfolio, unless the pool is 2a7-like, in which case the fair value is
reported at share value. A 2a7-like pool is one which is not registered with the Securities and
Exchange Commission (SEC) as an investment company, but nevertheless has a policy that it
will, and does, operate in a manner consistent with the SECs Rule 2a7 of the Investment Company
Act of 1940.
D.
PROPERTY TAXES
Property taxes are levied by October 1, on the basis of assessed value as of January 1, in
conformity with Subtitle E, Texas Property Tax Code. Taxes are due on receipt of the tax bill and
are delinquent if not paid before February 1 of the year following the year in which imposed. On
January 1 of each year, a tax lien attaches to property to secure the payment of all taxes, penalties,
and interest ultimately imposed. Property tax revenues are considered available when they become
due or past due and receivable within the current period.
66

Laredo, Texas
D.
PROPERTY TAXES (Continued)

The Districts assessed valuation of taxable property totaled $18,198,307,987 as of January 1, 2014
and represented 100% of appraised value. The total taxable value on such properties after lawful
exemptions was $16,133,747,263. The tax rate for the 2014 roll was $1.19486 for $100 assessed
valuation; it was designated as $1.040000 for the general fund and $0.174860 for the debt service
fund. As taxes are collected they are recognized as realized revenue. Remaining taxes receivables
are recorded as unearned revenue. Delinquent taxes are prorated between maintenance and debt
service based on rates adopted for the year 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 is prohibited from writing off real property taxes without specific statutory authority from
the Texas Legislature.
E.
INTERFUND RECEIVABLES AND PAYABLES

The District has numerous transactions between funds which involve receipts and disbursements by
one fund for amounts for another fund. Those transactions which require one fund to reimburse
another are classified in the balance sheets of the various funds as due to/from other funds, as
appropriate. Transactions that would be treated as revenues, expenditures, or expenses if they
involved organizations external to the District, are accounted for as revenues, expenditures or
expenses in the funds involved.
The interfund balances between funds result mainly from federal and state grants that operate on a
reimbursement basis. Interfund balances occur when one fund pays or receives resources for
another fund. The Interfund between the General Fund and the Non Major Fund is specifically due
to accounts payable invoices that were dated and merchandise/supplies received before August 31,
2015.
Inter-fund balances at August 31, 2015, consisted of the following individual fund receivables and
payables:
General Fund
Non Major Fund
Total General Fund
Due From
Other Funds
Due To
Other Funds
2,239,938
2,239,938
Non Major Fund

General Fund
Total Non Major Fund
2,239,938
67
2,239,938
2,239,938
$
2,239,938

Laredo, Texas
F. CAPITAL ASSET ACTIVITY

Beginning
Governmental Activities
Balance
Additions
Adjustments/
Ending
Retirements
Balance
Capital assets, not being depreciated:

Land
Construction in Progress
Total capital assets, not being depreciated
39,899,014
5,888,293
45,787,307
3,989,436
38,606,919
18,956,593
23,639,762
43,888,450
44,495,213
18,956,593
69,427,069
Capital assets, being depreciated:

498,836,174
18,956,593
275
517,792,493
Buildings
26,403,900
2,193,266
632,357
27,964,809
Vehicles
30,352,052
938,937
2,498,102
28,792,887
555,592,126
22,088,796
3,130,734
574,550,189
Total capital assets being depreciated

Less Accumulated Depreciation for:
215,009,822
15,855,693
230,865,515
Buildings
21,173,523
1,900,732
541,552
22,532,703
Vehicles
21,477,023
1,933,790
2,153,672
21,257,141
Total Accumulated Depreciation
257,660,368
19,690,214
2,695,224
274,655,359
Total capital assets, being depreciated, net
297,931,758
2,398,582
435,510
299,894,829
Governmental Activities Capital Assets, Net
341,820,208
46,893,794
19,392,103
369,321,899
Depreciation expense was charged to functions/programs of the primary government as follows:

Additions
Depreciation Expense was charged to Governmental Functions as Follows:
11 Instruction
12 Instruction Resources & Media Services
13 staff development
21 Instructional Leadership
23 School Leadership
31 Guidance, Counseling and Evaluation Svcs
33 Health Services
34 Student (Pupil) Transportation
35 Food Services
36 Cocurricular/Extracurricular Activities
41 General Administration
51 Plant Maintenance and Operations
52 Security and Monitoring Services
53 Data Processing Services
Total Depreciation Expense for Governmental Functions
68
11,962,714
599,000
3,418
35,081
422,095
3,462
1,205
2,006,045
735,534
1,439,187
180,694
1,909,827
182,257
209,694
19,690,214
Depreciation
Expense
$
11,962,714
599,000
3,418
35,081
422,095
3,462
1,205
2,006,045
735,534
1,439,187
180,694
1,909,827
182,257
209,694
19,690,214

Laredo, Texas
G. LONG-TERM DEBT
1. Bonded Debt Payable
The bonds are supported by a pledge of the District's full faith and credit. The bond indentures
require a levy and collection of taxes without limitation as to rate or amount on all property
subject to taxation by the District sufficient in amount to pay the principal and interest on such
bonds as they become due. The indentures also require that a debt service fund be created and
administered by the District solely for the purpose of paying principal and interest when due.
Date
Interest
Amount
of
Rate
Original
Outstanding
Issue
Payable
Issue
09/01/14
Increases
Decreases
Outstanding
Maturity
8/31/2015
Date
School Building Unlimited Tax Bonds
03/08/05
2.50-5.00%
07/15/05
3.32-4.85%
45,394,989
66,869,580
29,600,000 $
- $
35,178,446
431,130
29,600,000
28,155,000
2025
7,454,576
2035
11/21/06
4.00%
7,934,996
8,351,760
43,163
75,000
8,319,924
2026
08/25/11
3.00-5.00%
34,000,000
32,205,000
2,630,000
29,575,000
2027
05/15/12
2.00-5.00%
45,890,000
43,465,000
43,465,000
2034
03/12/13
2.00-5.00%
22,665,000
22,475,000
22,475,000
2028
09/18/13
0.50-4.00%
12,020,000
7,270,000
3,845,000
3,425,000
2017
07/31/14
4.00-5.00%
87,690,000
87,690,000
87,690,000
2044
48,270,000
48,270,000
1,065,000
47,205,000
2035
87,960,000
87,960,000
87,960,000
2045
11,567,783
27,141,788
1,450,336
3,880,000
24,712,124
2023
07/15/15
08/11/15
4.00-5.00%
Premium Capital Appreciation Bonds

05/15/98
5.175-5.30%
Public Property Finance Contractual Obligations

06/21/05
3.00-4.00%
4,705,000
635,000
635,000
11/21/08
5.49%
7,350,000
6,295,000
280,000
6,015,000
2024
01/13/10
1.64%
17,440,000
16,560,000
920,000
15,640,000
2025
TOTAL BONDED DEBT PAYABLE
316,866,994 $
69
138,154,629 $
71,085,000
383,936,623
2015

Laredo, Texas
G.
LONG-TERM DEBT (Continued)

Annual debt service requirements to maturity for general obligation bonds are as follows for
Governmental Activities:
FISCAL YEAR
ENDED AUGUST 31,
PRINCIPAL
INTEREST
TOTAL
REQUIREMENTS
2016
2017
2018
2019
2020-2024
2025-2029
2030-2034
2035-2039
2040-2044
2045
15,155,000 $
15,495,000
17,205,000
17,029,576
87,552,048
66,865,000
66,325,000
42,885,000
49,885,000
5,540,000
15,969,208 $
15,598,782
15,213,954
14,758,654
65,111,630
48,508,379
34,652,850
20,099,500
9,110,250
277,000
31,124,208
31,093,781
32,418,954
31,788,229
152,663,677
115,373,379
100,977,850
62,984,500
58,995,250
5,817,000
Total Governmental Activities
383,936,623 $
239,300,204 $
623,236,827
Capital Appreciation Bonds

The total accretion of discount on capital appreciation bonds as August 31, 2014 was $21,114,317.
Accretion for this Fiscal Year was $1,924,629 less payments of $3,184,567 for a net decrease of
$(1,259,938) leaving a balance of $19,854,378 as of August 31, 2015.
Refunding Bonds
On July 15, 2015, the District issued $48,270,000 of Unlimited Tax Refunding Bonds, Series 2015A, to
be used to refund certain of the Districts currently outstanding bonds. The interest rates on the Tax
Refunding Bonds range from 2.00% to 5.00% and the final maturity is on August 15, 2035. Debt
service payments are scheduled semiannually beginning August 15, 2015. The net present savings is
$5,700,647. The percentage savings of refunded bonds was 11.81%. The refunding transaction
resulted in an economic loss of $1,251,616.
70

Laredo, Texas
G.

On November 5, 2013, voters passed a $408,712,549 Bond for the Construction of New Schools,
Safety and Security, Technology and Additions, Renovations and Fees. On August 11, 2015 the
District issued $87,960,000 of Unlimited Tax School Building Bonds, Series 2015. The interest rate on
the Bonds is 4.00% to 5.00% and the final maturity is on August 15, 2045. Debt service payments are
scheduled to begin August 15, 2015.
Defeased Bonds Outstanding
The District defeased outstanding general obligation bonds through the Refunding General Obligation
Series by placing the proceeds of the new bonds in irrevocable trust to provide for the future debt
service payment on the old bonds. Accordingly, the trust account assets and defeased bonds are not
included in the Districts financial statements
2. Long-term Debt
The following is a summary of changes in long-term debt:
Beginning
Balance
Additions
Reductions
Ending
Due Within
Due in More
Balance
One Year
Than One Year
Bonds Payable:
General Obligation Bonds
Premium on Issuance of Debt

Public Property Finance Contractual Obligations
Total Bonds Payable
Accrued Sick Leave
Compensatory Leave
Net Pension Liability
Arbitrage Rebates
Workers Compensation Claims Payable
Vacation Benefits Payable
Leases Payable
Other Long Term Liabilities
293,376,995 $
24,811,069
23,490,000
138,154,629 $
19,353,111
-
69,250,000 $
2,717,454
1,835,000
362,281,624 $
41,446,726
21,655,000
13,260,000 $
2,153,365
1,895,000
349,021,624
39,293,361
19,760,000
341,678,064
157,507,741
73,802,454
425,383,350
17,308,365
408,074,985
2,730,929
118,610
125,000
417,253
6,563,824
743,568
4,156,493
67,929,584
255,031
4,175,547
21,520,907
1,855
235,116
4,956,966
1,854
396,390
1,690,869
3,219,466
99,556
46,408,677
125,000
255,979
9,829,921
965,840
99,556
37,500
255,979
1,683,812
2,253,625
87,500
8,146,109
9,955,616
78,023,582
28,040,598
59,938,599
3,042,688
10,487,235
Total Governmental Activities

Long Term Liabilities
351,633,680 $
235,531,323 $
71
101,843,053 $
485,321,950 $
20,351,052 $
418,562,221

Laredo, Texas
G.

The General Operating Fund and Special Revenue Funds are used to liquidate the liability for
compensated absences, accrued sick leave and workers compensation. Governmental Activities
liquidates an estimated average of 70%.
Accrued Sick Leave
The District revised the sick leave policy under DEC (Local) Compensation and Benefits Leaves
and Absences on March 6, 2012. The changes in policy effect current employees and/or
individuals who were employed with the District during the 2011-2012 school year. Employees
who retire from the Texas Teacher Retirement System (TRS) or the designated beneficiary of an
otherwise eligible employee who passes away while employed by the District shall be eligible for
reimbursement of state/local leave under the following conditions:
1. The reimbursement shall be a one-time only benefit for an eligible employee.
2. The reimbursement rate shall be established based on the District approved base
pay plan; stipends and extra duty pay shall not be included.
3. The employee has at least ten consecutive years of service with the District.
Compensatory Leave
The District compensates overtime for non-exempt employees. Employees can accumulate up to
240 hours of compensatory time under the Fair Labor Standards Act (FLSA). The Districts local
policy does not allow employees to accumulate compensatory time beyond 60 hours per year.
Arbitrage Rebate
The Tax Reform Act of 1986 enacted section 148(f) of the Internal Revenue Code, relating to
arbitrage rebate requirements, which generally provides that in order for interest on any issue of
obligation to be excluded from gross income (i.e., tax-exempt) the issuer must rebate to the United
States the sum of (1) the excess of the amount earned on all "non-purpose investments" acquired
with "gross proceeds" of the issue over the amount which would have been earned if such
investments had been invested at a yield equal to the yield on the issue, and (2) the earnings on
such excess earnings. As of August 31, 2015, the District had no arbitrage rebate liability.
Vacation Benefits Payable
After a full year of service to the District, all full-time hourly/auxiliary employees in positions
normally requiring 12 months (at least 240 days) of service shall earn ten vacation days each year.
72

Laredo, Texas
G.

Workers Compensation Claims Payable
As of September 1, 1995, the District ended its workers compensation self-insurance plan. The
claims liability reported in the Governmental Fund of $125,000 reported at August 31, 2015
represents the estimated liability outstanding for claims incurred on or before September 1, 1995.
The liability is based on the requirements of Governmental Accounting Standards Board Statement
No. 10, which requires that a liability be reported if information prior to the issuance of the
financial statements indicates that it is probable that a liability has been incurred at the date of the
financial statements and the amount of the loss can reasonably be estimated. After September 1,
1995, the Districts workers compensation plan is handled by commercial insurance. The District
retains no risk. For the past three years, there has been no settlement of claims that exceeds our
insurance coverage.
The District is exposed to various risks of loss related to torts; theft of, damage to and destruction
of assets; errors and omissions; and natural disasters for which the District carries commercial
insurance.
H.
CONTINGENCIES AND COMMITMENTS

Legal Proceedings
The District is a defendant in several lawsuits for claims filed against it. In the best judgment of
the District's management in consultation with legal counsel, the accompanying financial
statements will not be affected materially by the outcome of any of these proceedings and therefore
no loss contingency has been recorded.
Capital Leases
The District has entered into two lease agreements in the amount of $6,558,592 and $4,929,806
for financing the acquisition of computers and computer related equipment. These lease agreements
qualify as capital leases for accounting purposes and, therefore, have been recorded at the present
value of the future minimum lease payments. The Districts computer agreement with HP
Financial Services will conclude on November 2018 and the computer agreement with Apple
Financial will conclude on September 1, 2019.
73

Laredo, Texas
H.
CONTINGENCIES AND COMMITMENTS (Continued)

The future minimum lease obligations and the net present value of these minimum lease payments
as of August 31, 2015 are as follows:
Year Ending August 31,
Total Requirements
2016
2017
2018
2019
Total Minimum Rentals
10,203,397
Less: Amount representing Interest
373,476
Present Value Minimum Lease Payments
I.
2,978,621
2,978,621
2,978,621
1,267,534
9,829,921
UNEARNED REVENUES
As of August 31, 2015, unearned revenue was made up of the following in the Fund Financial
Statements:
General Fund
Child Nutrition Program
Property Taxes
Total General Fund
Special Revenue Fund

Grant Revenues
Total
46,348
117,572
163,920
43,167
$
74
207,087

Laredo, Texas
J.
DEFINED BENEFIT PENSION PLAN

Plan Description
The District participates in a cost-sharing multiple-employer defined pension that has a special
funding situation. The plan is administered by the Teacher Retirement System of Texas (TRS).
TRSs defined benefit pension plan is established and administered in accordance with the Texas
Constitution, Article XVI, Section 67 and Texas Government Code, Title 8, Subtitle C. The
pension trust fund is a qualified pension trust under Section 401(a) of the Internal Revenue Code.
The Texas Legislature establishes benefits and contribution rates within the guidelines of the Texas
Constitution. The pensions Board of Trustees does not have the authority to establish or amend
benefit terms.
All employees of public, state-supported educational institutions in Texas who are employed for
one-half or more of the standard work load and who are not exempted from membership under
Texas Government Code, Title 8, Section 822.002 are covered by the system.
Pension Plan Fiduciary Net Position
Detailed information about the Teacher Retirement Systems fiduciary net position is available in a
separately-issued Comprehensive Annual Financial Report that includes financial statements and
required supplementary information. That report may be obtained on the Internet at
http://www.trs.state.tx.us/about/documents/cafr.pdf#CAFR; by writing to TRS at 1000 Red River
Street, Austin, TX 78701-2698; or by calling (512) 542-6592. The information provided in the
Notes to the Financial Statements in the 2014 Comprehensive Annual Financial Report for TRS
provides the following information regarding the Pension Plan fiduciary net position as of August
31, 2014.
Total
Total Pension Liability
Less: Plan Fiduciary Net Position
159,496,075,886
(132,779,243,085)
Net Position as percentage of Total Pension Liability
26,716,832,801
83.25%
Benefits Provided
TRS provides service and disability retirement, as well as death and survivor benefits, to eligible
employees (and their beneficiaries) of public and higher education in Texas. The pension formula
is calculated using 2.3 percent (multiplier) times the average of the five highest annual creditable
salaries times years of credited service to arrive at the annual standard annuity except for members
who are grandfathered, the three highest annual salaries are used. The normal service retirement is
at age 65 with 5 years of credited service or when the sum of the members age and years of
credited service equals 80 or more years.
75

Laredo, Texas
J.
DEFINED BENEFIT PENSION PLAN (Continued)

Early retirement is at age 55 with 5 years of service credit or earlier than 55 with 30 years of
service credit. There are additional provisions for early retirement if the sum of the members age
and years of service credit total at least 80, but the member is less than age 60 or 62 depending on
date of employment, or if the member was grandfathered in under a previous rule. There no
automatic post-employment benefit changes; including automatic COLAs. Ad hoc postemployment benefit changes, including ad hoc COLAs can be granted by the Texas Legislature as
noted in the Plan description above.
Contributions
Contribution requirements are established or amended pursuant to Article 16, section 67 of the
Texas Constitution which requires the Texas which requires the Texas legislature to establish a
member contribution rate of not less than 6% of the members annual compensation and a state
contribution rate of not less than 6% and not more than 10% of the aggregate annual compensation
paid to members of the system during the fiscal year. Texas Government Code section 821.006
prohibits benefit improvements, is as a result of the particular action, the time required to amortize
TRS unfunded actuarial liabilities would be increased to a period that exceeds 31 years, or, if the
amortization period already exceeds 31 years, the period would be increased by such action.
Employee contribution rates are set in state statute, Texas Government Code 825.402. Senate Bill
1458 of the 83rd Texas Legislature amended Texas Government code 825.402 for member
contributions and established employee contribution rates for fiscal years 2014 thru 2017. It also
added a 1.5% contribution for employers not paying Old Age Survivor and Disability Insurance
(OASDI) on certain employees effective for fiscal year 2015 as discussed in Note 1 of the TRS
2014 CAFR. The 83rd Texas Legislature, General Appropriations Act (GAA) established the
employer contribution rates for fiscal years 2014 and 2015.
Contribution Rates
Member
2014
2015
6.4%
6.7%
Non-Employer Contributing Entity (State)
6.8%
6.8%
Employers
6.8%
6.8%
2014 Employer Contributions
$ 4,404,823
2014 Member Contributions
$ 15,892,285
2014 NECE On-Behalf Contributions
$ 12,724,160
Contributions to the plan include members, employers and the State of Texas as the only nonemployer contributing entity. The State contributes to the plan in accordance with state statutes
and the General Appropriations Act (GAA).
76

Laredo, Texas
J.

As the non-employer contributing entity for public education, the State of Texas contributes to the
retirement system an amount equal to the current employer contribution rate times the aggregate
annual compensation of all participating members of the pension trust fund during that fiscal year
reduced by the amounts described below which are paid by the employers. Employers including
public schools are required to pay the employer contribution rate in the following instances:
On the portion of the members salary that exceeds the statutory minimum for members
entitled to the statutory minimum under Section 21.402 of the Texas Education Code.
During a new members first 90 days of employment
When any part or all of an employees salary is paid by federal funding source or a privately
sponsored source.
In addition to the employer contributions listed above, when employing a retiree of the Teacher
Retirement System the employer shall pay both the member contribution and the state contribution as an
employment after retirement surcharge.
Actuarial Assumptions
The total pension liability in the August 31, 2014 actuarial valuation was determined using the following
actuarial assumptions:
Valuation Date
Actuarial Cost Method
Age Normal
Amortization Method
of Payroll Open
Remaining Amortization Period
Asset Valuation Method
Value
Discount Rate
Long-term expected Investment Rate of Return*
Salary Increases*
Weighted-Average at Valuation Date
Payroll Growth Rate
*Includes Inflation of 3%
August 31, 2014

Individual Entry
Level Percentage
30 years
5 year Market
8.00%
8.00%
4.25% to 7.25%
5.55%
3.50%
The actuarial methods and assumptions are primarily based on a study of actual experience for the four
year period ending August 31, 2010 and adopted on April 8, 2011. With the exception of the postretirement mortality rates for healthy lives and a minor change to the expected retirement age for inactive
vested members stemming from the actuarial audit performed in the Summer of 2014, the assumptions
and methods are the same as used in the prior valuation. When the mortality assumptions were adopted
in 2011 they contained a significant margin for possible future mortality improvement. As of the date of
the valuation there has been a significant erosion of this margin to the point that the margin has been
eliminated.
77

Laredo, Texas
J.

Therefore, the post-retirement mortality rates for current and future retirees were decreased to add
additional margin for future improvement in mortality in accordance with the Actuarial Standards
of Practice No. 35.
Discount Rate
The discount rate used to measure the total pension liability as 8%. There was no change in the
discount rate since the previous year. The projection of cash flow used to determine the discount
rate assumed that contributions from plan members and those of the contributing employers and the
non-employer contributing entity are made at the statutorily required rates. Based on those
assumptions, the pension plans fiduciary net position was projected to be available to make all
future benefit payments of current plan members. Therefore, the long-term expected rate of return
on pension plan investments was applied to all periods of projected benefit payments to determine
the total pension liability. The long-term rate of return on pension plan investments is 8%. The
long-term expected rate of return on pension plan investments was determined using a buildingblock method in which best-estimates ranges of expected future real rates of return (expected
returns, net of pension plan investment expense and inflation) are developed for each major asset
class. These ranges are combined to produce the long-term expected rate of return by weighting
the expected future real rates of return by the target asset allocation percentage and by adding
expected inflation. Best estimates of geometric real rates of return for each major asset class
included in the Systems target asset allocation as of August 31, 2014 are summarized below:
T arget
Allocation
Real Return
Geometric Basis
Long-T erm Expected Portfolio Real

Rate of Return*
U.S.
18%
7.0%
1.4%
Asset Class
Global Equity
Non-U.S. Developed
13%
7.3%
1.1%
Emerging Markets
9%
8.1%
0.9%
Directional Hedge Funds
4%
5.4%
0.2%
Private Equity
13%
9.2%
1.4%
11%
2.9%
0.3%
0.0%
Stable Value
U.S. T reasuries
Absolute Return
0%
4.0%
Stable Value Hedge Funds
4%
5.2%
0.2%
Cash
1%
2.0%
0.0%
Global Inflation Linked Bonds
3%
3.1%
0.0%
Real Assets
16%
7.3%
1.5%
Energy and Natural Resources
3%
8.8%
0.3%
Commodities
0%
3.4%
0.0%
5%
8.9%
0.4%
Real Return
Risk Parity
Risk Parity
Alpha
Total
1.0%
100%
8.7%
*The Expected Contribution to Returns incorporates the volatility drag resulting from the conversion between
Arithmetic and Geometric mean returns.
78

Laredo, Texas
J.

Discount Rate Sensitivity Analysis
The following schedule shows the impact of the Net Pension Liability if the discount rate used was
1% less than and 1% greater than the discount rate that was used (8%) in measuring the 2014 Net
Pension Liability.
1% Decrease in
Discount Rate (7.0%)
Proportionate share of the
net pension liability:
1% Increase in
Discount Rate (8.0%) Discount Rate (9.0%)
82,929,492 $
46,408,677 $
19,097,909
Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of
Resources Related to Pensions
At August 31, 2015 the District reported a liability of $46,408,677 for its proportionate share of the
TRSs net pension liability. This liability reflects a reduction for State pension support provided to
the District. The amount recognized by the District as its proportionate of the net pension liability,
the related State support, and the total portion of the net pension liability that was associated with
the District were as follows:
District's proportionate share of the collective net pension liability
State's proportionate share that is associated with the District
46,408,677
134,346,191
Total
$ 180,754,868
The net pension liability was measured as of August 31, 2104 and the total pension liability used to
calculate the net pension liability was determined by an actuarial valuation as of that date. The
employers portion of the net pension liability was based on the employers contributions to the
pension plan relative to the contributions of all employers to the plan for the period September 1,
2013 thru August 31, 2014.
At August 31, 2014 the employers proportion of the collective net pension liability was
0.1737412%. Since this is the first year of implementation, the District does not have the
proportion measured as of August 31, 2013. The Notes to the Financial Statements for August 31,
2014 for TRS stated that the change in proportion was immaterial and, therefore, disregarded this
year.
There were not changes of benefit terms that affected measurement of the total pension liability
during the measurement period.
79

Laredo, Texas
J.

There was a change in employer contribution requirement that occurred after the measurement date
of the net pension liability and the employers reporting date. A 1.5% contribution for employers
not paying Old Age Survivor and Disability Insurance (OASDI) on certain employees went into
law effective September 1, 2013. The amount of the expected resultant change in the employers
proportion cannot be determined at this time.
At August 31, 2014, the District recognized pension expense of $12,420,055 and revenue of
$12,420,055 for support provided by the State.
At August 31, 2014 the District reported its proportionate share of the TRSs deferred outflows of
resources and deferred inflows of resources related to pensions from the following sources:
Deferred Outflows of
Deferred Inflows of
Resources
Resources
Differences between expected and actual economic experiences

Changes in actuarial assumptions
Differences between projected and actual investment earnings
Changes in proportion and differences between the employer's contributions
and the proportionate share of contributions
Total
717,725
3,016,616
-
14,184,387
12,165
3,734,341
14,196,552
The net amounts of the employers balances of deferred outflows and inflows of resources related to
pensions will be recognized in pension expense as follows:
Pension Expense
Amount
Year ended August 31,

2015
2016
2017
2018
2019
Thereafter
(2,918,167)
(2,918,167)
(2,918,167)
(2,918,167)
627,930
582,527
At August 31, 2015, the District reported its proportionate share of the TRSs deferred outflows of
resources and deferred inflows of resources related to pensions from the following sources:
Total net amounts per August 31, 2014 measurement date
Deferred Outflows
Deferred Inflows of
of Resources
Resources
Contributions paid to TRS subsequent to the measurement date

Total
8,580,173
$
80
3,734,341 $
12,314,514 $
1,419,652
1,419,652

Laredo, Texas
K.
HEALTH CARE COVERAGE

During the year ended August 31, 2015, employees of the United Independent School District were
covered by a health insurance plan (the plan). The District is not exposed to losses. The District
paid an average premium of $355 per month per employee to the plan, and employees at their
option, authorized payroll withholdings to pay premiums for dependents. All premiums were paid
to a licensed insurer. The plan was authorized by Section 21.922, Texas Education Code and was
documented by contractual agreement. The contract between the District and the licensed insurer
is renewable annually and terms of coverage and premium costs are included in the contractual
provisions. Insurance settlements have not exceeded coverage in the last three years.
L.
OTHER FINANCING SOURCES AND (USES)

Transfers of funds occur within the governmental funds of the District for accounting purposes.
The Districts Other Financing Sources, (Uses) and Transfers Out comprised of the following:
General
Fund
Debt Service
Fund
-
Capital Related Debt Issued

(Regular Bonds)
1,121,000
Capital Leases
4,956,966
Premium on Issuance of Bonds
Payment to Bond Refunding

Escrow Agent (Use)
6,077,966 $
Capital
Projects
48,270,000 $
6,403,641
(54,156,617)
517,024 $
87,960,000
12,949,471
100,909,471
On July 15, 2015, the District issued $48,270,000 of Unlimited Tax Refunding Bonds, Series 2015A, to
be used to refund certain of the Districts currently outstanding bonds. The refunding transaction
resulted in an economic loss of $1,251,616.
On November 5, 2013, voters passed a $408,712,549 Bond for the Construction of New Schools,
Safety and Security, Technology and Additions, Renovations and Fees. On August 11, 2015 the
District issued $87,960,000 of Unlimited Tax School Building Bonds, Series 2015. The interest rate on
the Bonds is 4.00% to 5.00% and the final maturity is on August 15, 2045. Debt service payments are
scheduled to begin August 15, 2015.
81

Laredo, Texas
L.
OTHER FINANCING SOURCES AND (USES) (Continued)

The District has entered into a lease agreement with Apple Financial Services on September 1,
2015 for financing the acquisition of computers and computer related equipment. This lease
agreement is a four year lease.
On March 25, 2015 the District sold 20 acres of land for the contract sale price of $1,121,000 as
the property was not conducive for a school site.
M.
GENERAL FUND FEDERAL SOURCE REVENUES

CFDA
Number
Program S ource
Total Grant
or Entitlement
Indirect Costs:
ESEA Title I, Part A - Improving Basic Program
84.010A
326,157
ESEA Title I, Part A - Improving Basic Program
84.010A
ESEA Title I, School Improvement Program (009)
84.010A
303
84.010A
395
84.010A
283
84.010A
395
84.010A
395
84.010A
395
84.010A
292
84.010A
283
ESEA Title I, Part C - Education of M igratory
84.011A
11,048
IDEA Part B, Formula
84.027A
47
84.027A
193,137
84.027A
4,700
IDEA Part B, Preschool
84.173A
518
ESEA Title I, Part A - Teacher & Principal Training & Recruit.
84.367A
25,220
Title III, LEP Immigrant
84.365A
36,178
Total Indirect Costs
599,756
M edicaid Reimbursements
4,652,725
M edicaid Administrative Claiming (M AC) Reimbursements
93.778
161,496
ROTC Reimbursements
12.113
239,858
Total
5,653,835
Indirect cost revenues was determined by applying approved indirect cost rates to actual applicable
expenditures of federally funded grant programs. For Fiscal Year 2014/2015, the District operated
with a 2.470% indirect cost rate from September 1, 2014 through June 30, 2015 and 2.901%
indirect cost rate from July 1, 2015 through August 31, 2015.
82

Laredo, Texas
N. MAINTENANCE OF EFFORT
United I.S.D. paid health care premiums as follows:
A) Total Annual Premiums for Health Care 2014-2015
29,124,199
B) Subtract any non-medical expenditures:

Life Insurance
(114,334)
C) 2014-2015 Maintenance of Effort
29,009,865
O. DUE TO AND FROM OTHER GOVERNMENTS AND AGENCIES

Amounts Due To and From Other Governments and Agencies are as follows:
Due To
Due From
Ge neral Fund
T exas Department of Human Services
2,168,852
National School Breakfast/Lunch Program
State Energy Conservation Office
160,000
T exas Education Agency
3,717,290
6,805,281
155
1,519,279
Total Ge ne ral Fund
759,139
Spe cial Re ve nue Fund

T exas Education Agency:
ESEA T itle I, Part A Improving Basic Program
ESEA T itle I Part C, Migrant
34,076
IDEA Part B Formula
870,693
Summer School Feeding Program
54,589
Career and T echnical-Basic Grant
22,726
ESEA T itle II Part A, T raining/Recruiting
134,967
T itle III, Part A, English Language Acquisition
145,176
Project Gear UP State Partnership
49,199
Secure Our Schools Grant
8,036
Other Federal Special Revenue Funds
380
State T extbook Fund
828,792
155
3,667,913
452,893
Total Spe cial Re ve nue Funds

De bt Se rvice Fund
Total Due To/From O the r Gove rnme nts and Age ncie s
83
453,048
10,473,194

Laredo, Texas
P. EDUCATIONAL SERVICE CONTRACT

The District has an educational service contract with the Regional Day School Program for the Deaf
(RDSPD) which provides for the efficient delivery of legally required special education and related
services to eligible students who are deaf or hard of hearing within the boundaries of ESC, Region
One. The District has contracted with Laredo Independent School District (LISD) to provide
services through the RDSPD. The following is a summary of payments made to LISD:
Invoice No.
1
2
3
Total Paid
Amount
$ 147,334
152,602
140,898
$
440,834
Q. UNEMPLOYMENT COMPENSATION POOL

During the year ended August 31, 2015, United ISD provided unemployment compensation
coverage to its employees through participation in the TASB Risk Management Fund (the Fund).
The Fund was created and is operated under the provisions of the Interlocal Cooperation Act,
Chapter 791 of the Texas Government Code. The Funds Unemployment Compensation Program is
authorized by Section 22.005 of the Texas Education Code and Chapter 172 of the Texas Local
Government Code. All members participating in the Fund execute Interlocal Agreements that
define the responsibilities of the parties.
The Fund meets its quarterly obligation to the Texas Workforce Commission. Expenses are accrued
monthly until the quarterly payment has been made. Expenses can be reasonably estimated;
therefore, there is no need for specific or aggregate stop loss coverage for the Unemployment
Compensation pool. For the year ended August 31, 2015, the Fund anticipates that United ISD has
no additional liability beyond the contractual obligation for payment of contribution.
The Fund engages the services of an independent auditor to conduct a financial audit after the close
of each year on August 31. The audit is accepted by the Funds Board of Trustees in February of
the following year. The Funds audited financial statements as of August 31, 2014, are available on
the TASB Risk Management Fund website and have been filed with the Texas Department of
Insurance in Austin.
84

Laredo, Texas
R. FUND BALANCE
The District recognizes the importance of maintaining its financial integrity; therefore, it has
developed a policy under Annual Operating Budget CE (Local) to support its mission and its goals
and objectives. The fund balance of the General Fund shall mean the gross difference between
General Fund Assets and Liabilities reflected on the Balance Sheet. The five classifications of fund
balance of the governmental types are Non-spendable, Restricted, Committed, Assigned, and
Unassigned.
Nonspendable fund balance shall mean the portion of the gross fund balance that is not expendable
(such as inventories) or is legally earmarked for a specific use (such as the self-funded reserves
program).
Restricted fund balance shall include amounts constrained to a specific purpose by the provider,
such as a grantor.
Committed fund balance shall mean that portion of the fund balance that is constrained to a specific
purpose by the Board. The Boards commitment may be modified or rescinded by a majority vote
through the adoption of a resolution in a scheduled meeting. Board commitments cannot exceed the
amount of fund balance that is greater than the sum of non-spendable and restricted fund balances
since that practice would commit funds that the District does not have. Board commitments must
occur before the end of the reporting period with amounts to be determined subsequently.
Assigned fund balance shall mean that portion of the fund balance that is spendable or available for
appropriation but has been tentatively earmarked for some specific purpose by the Board, the
Superintendent, or the Associate Superintendent for Student Support Services (Superintendents
designee). The Board delegates by formal action in a scheduled meeting specific persons or groups
to assign certain fund balances. The Board may modify or rescind its delegation of authority by the
same action. The authority to make assignments shall be in effect until modified or rescinded by the
Board by majority vote in a scheduled meeting.
Unassigned fund balance shall include amounts available for any legal purpose. This portion of the
total fund balance in the general fund is available to finance operating expenditures.
The order of spending and availability shall be to reduce funds from the listed areas in the following
order: restricted, committed, assigned, and unassigned.
The District has Committed $1,260,020 of its Fund Balance for the E-Rate Matching Rate for
technology infrastructure.
The District has Assigned $125,000 of its Fund Balance for Self Insurance Plan (Workers
Compensation).
85

Laredo, Texas
R.
FUND BALANCE (Continued)

The District has $1,371,139 in Restricted Fund Balance and $547,829 of Nonspendable Fund
Balance (Inventories) for the Child Nutrition Program. The District has Assigned Fund Balance for
various Special Revenue Funds of $856,153. The following is a listing of the fund balance at
August 31, 2015:
Campus Activity Fund to account on a project basis for transactions related to a principals
activity fund and the monies generated are not subject to recall by the school districts board of
trustees into the General Fund. The fund balance of $801,122 is fully controlled by the various
campuses.
Partners For Scholars to account on a project basis for a charitable donation along with a
certificate of deposit in the amount of $40,000 to fund two annual scholarships. The fund
balance of $52,271 will be used for scholarships.
Migrant Program Grant to account on a project basis to design, operate and support programs
that help migrant students overcome the challenges of a high level of mobility, cultural and
language barriers, social isolation, and other difficulties associated with a migratory lifestyle,
in order to succeed in school and to successfully transition to post-secondary education or
employment. The fund balance of $2,760 will be used to cover expenses for migrant students
and scholarships.
The Districts other Special Revenue Funds can be located on page 94.
S.
DUE FROM OTHER GOVERNMENTS-GENERAL FUND

The Due From Other Governments for the General Fund includes the net amount of Due From Other
Governments $8,252,697 and a Due To Other Governments- TEA $1,447,416. The District is
presenting the net amount of $6,805,281 in order not to list an Asset and a Liability to the same
organization.
86

Laredo, Texas
T.
OUTSTANDING ENCUMBRANCES
As of August 31, 2015, the District had outstanding encumbrances of $6,015,675. The following is a
listing of the outstanding encumbrances by function for Governmental Activities:
Major General Operating Fund:
By Function
11 Instructional
12 Library/Media Services
31 Counselors
32 Social Work Services
33 Health Services
34 Student Transportation
36 Co/Extra Curricular
41 General Administration
51 Facilities Maintenance & Operations
52 Security & Monitoring Services
53 Data Processing Services
61 Community Service
81 Facilities Acquistion & Construction
95 Payments to JJAEP
Amount
949,720
7,346
65,383
8,826
9,963
16,200
27,419
387,336
149,586
113,682
1,126,322
36,909
273,641
2,599
2,782,718
58,025
6,015,675
U. PRIOR PERIOD ADJUSTMENT

During fiscal year 2015, the District adopted GASB Statement No. 68 for Accounting and Reporting for
Pensions. With GASB 68, the District must assume their proportionate share of the Net Pension Liability
of the Teachers Retirement System of Texas. Adoption of GASB 68 required a prior period adjustment to
report the effect of GASB 68 retroactively. The amount of the prior period adjustment is ($52,581,226).
In addition to GASB 68, the net position has been restated as the result of the Child Nutrition Program
change in Fund Type from Business Type Fund to General Fund:
Net Position, 08-31-2014
Child Nutrition Program-Change in Fund Type $
400,184
GASB 68 (52,581,226)
Adjusted Net Position, Prior Period Adjustment
87
$ 185,412,274
(52,181,042)
$ 133,231,232

Laredo, Texas
V. SPECIAL ITEM-SALE OF LAND

On March 25, 2015, the District sold a total of 20 acres of land at the contract sale price of $1,121,000.
The District recommended to the Board of Trustees to sell the property as it was not conducive for a
school site. The property had no road frontage and was accessed across land owned by others.
W. SUBSEQUENT EVENTS
The District has entered into an agreement with the State Energy Conservation Office (Loan Star IV) in
the amount of $7,500,000 for the implementation of Energy Cost Reduction Measures. The funds will be
used to retrofit the interior lighting in all district buildings, exterior lighting district wide, the replacement
of two HVAC central chillers equipment, the correction of electrical distribution power factor in all high
schools primary meters, and the commissioning of HVAC systems.
On June 15, 2015, the Districts Board of Trustees voted to approve the Employee Benefits Committee
(EBC) recommendation to participate in a Self Insurance Health Plan effective September 1, 2015. The
District has contracted with BlueCross/BlueShield as the health insurance provider. The employee
premiums and benefits will remain unchanged.
88
Non Major Funds
89
90
SPECIAL REVENUE FUNDS

Special Revenue Funds are used to account for resources restricted to, or designated for, specific purposes
by a grantor. Federal financial assistance often is accounted for in a Special Revenue Fund. In most
Special Revenue Funds, unused balances are recorded as deferred revenue and carried forward to the
succeeding fiscal year, provided the amounts carried forward are returned to the grantor at the close of
specified project periods. The District budgets for Special Revenue Funds and uses project accounting for
them in order to maintain integrity for the various sources of funds. Included in the Districts Special
Revenue Funds are:
211 ESEA, Title I, Part A, Improving Basic Programs to account on a project basis for funds
allocated for programs to local educational agencies which enable schools to provide opportunities for
children served to acquire the knowledge and skills contained in the challenging State content standards
and the State performance standards developed for all children.
212 ESEA, Title I, Part C, Education of Migratory Children to account on a project basis for funds
allocated for programs benefiting children of migrant agriculture or agriculture-related workers and
children of migrant fishermen.
224 IDEA Part B, Formula to account on a project basis for funds granted to operate educational
programs for handicapped children with disabilities. This fund classification includes building and
improvement (sliver) sub-grants.
225 IDEA Part B, Preschool to account on a project basis for funds granted for preschool children
with disabilities.
242 Summer Feeding Program, Department of Human Services (DHS) to account on a project basis
for funds received from the Department of Human Services that are awarded for meals provided to the
community based on the average number of daily participants. This fund should be used regardless of
whether a school districts National School Breakfast and Lunch Program is accounted for in the General
Fund, a Special Revenue Fund or an Enterprise Fund.
244 Vocational Ed. Basic Grant (Carl D. Perkins Basic Grant for CATE) to account on a project
basis for funds to provide career and technology education to develop new and/or improve career and
technology education programs for paid and unpaid unemployment, with full participation of individuals
who are members of special populations, at a limited number of campuses (sites) or with respect to a
limited number of program areas.
255 ESEA, Title II, Part A, Teacher/Principal Training and Recruiting to account on a project basis
for funds to be used to provide assistance to LEAs to (1) increase student academic achievement through
improving teacher and principal quality and increasing the number of highly qualified teachers in
classrooms and highly qualified principals and assistant principals in schools, and (2) hold local education
agencies and schools accountable for improving student academic achievement.
263 Title III, Part A, LEP- to account on a project basis for funds granted to improve the education of
limited English proficient children, by assisting the children to learn English and meet challenging State
academic content and student academic achievement standards.
274 GEAR UP - This fund classification is used to account, on a project basis, for funds granted to
school districts received through ESC. These funds enable students to take advantage of the states new
scholarship program for economically disadvantaged students.
91
92
287 Bullet Proof Vests Partnership to account for funds granted by the Department of Justice to
provide for bullet proof vests to state and local law enforcement.
288 Fresh Fruits and Vegetables - to account on a project basis for funds granted to provide all children
in participating schools with a variety of free fruits and vegetables throughout the school day. This
program is seen as an important catalyst for change in efforts to combat childhood obesity by helping
children learn more healthful eating habits.
289 Other Federal Special Revenue Funds - to account for funds granted by the Texas Workforce
Commission and the Summer School LEP program. The Texas Workforce funds are to provide for the
expansion and improvement of the Pregnancy, Education, and Parenting Program. The Summer School
LEP funds are to enhance students with limited English proficiency during the extended school year
program.
394 Pregnancy, Education, and Parenting Program to account on a project basis for funds granted to
provide pregnant and parenting students the services needed to keep them in school until completion.
397 Advanced Placement Incentive Program to account on a project basis for funds awarded to
school districts under the Texas Advanced Placement Award Incentive Program.
410 Instructional Materials Allotment (State Textbook Fund) to account on a project basis for funds
awarded to school districts to purchase instructional materials adopted by the State Board of Education or
the Commissioner of Education. The IMA can also be used to purchase instructional materials that are no
on the adopted lists as well as technology services and technological equipment.
422 Matching Fund for Library Purchases (Read to Succeed Program) to account on a project basis
for funds awarded to districts to help generate money for public school libraries and strengthen the
campus reading program. Funds are generated through the sale of specialty license plates.
461 Campus Activity Fund to account for transactions related to a principals activity fund and the
monies generated are not subject to recall by the school districts board of trustees into the General Fund.
483 Partners for Scholars to account for funds donated from the community to assist students of the
school district in continuing their education.
484 Migrant Program Grant to account for on a project basis to design, operate and support programs
that help migrant students overcome the challenges of a high level of mobility, cultural and language
barriers, social isolation, and other difficulties associated with a migratory lifestyle, in order to succeed in
school and to successfully transition to postsecondary education or employment.
93

COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
AUGUST 31, 2015
Data
Control
Codes
ASSETS
1120 Investments - Current
1240 Receivables from Other Governments
1250 Accrued Interest
1110
1000
2110
2160
2170
2180
2190
2300
2000
Total Assets
LIABILITIES
Accounts Payable
Due to Other Funds
Unearned Revenues
211
ESEA I, A
Improving
Basic Program
212
ESEA Title I
Part C
M igrant
224
IDEA - Part B
Formula
225
IDEA - Part B
Preschool
155
1,519,279
-
34,076
-
870,693
-
1,519,434
34,076
870,693
21,529
344,724
1,153,026
155
-
1,876
32,200
-
178,878
147,137
544,678
-
Total Liabilities
1,519,434
FUND BALANCES
3590
3000
Total Fund Balances
4000
Total Liabilities and Fund Balances
94
34,076
870,693
1,519,434
34,076
870,693
EXHIBIT H-1 (Cont'd)
242
Summer
Feeding
Program
244
Career and
Technical Basic Grant
255
ESEA II,A
Training and
Recruiting
263
Title III, A
English Lang.
Acquisition
274
GEAR UP
287
Bullet
Proof Vests
288
Fresh Fruits
& Vegetables
Program
289
Other Federal
Special
Revenue Funds
54,589
-
22,726
-
134,967
-
145,176
-
49,199
-
- $
8,036
-
4,802
-
380
-
54,589
22,726
134,967
145,176
49,199
8,036 $
4,802
380
394
54,195
-
22,726
-
45,721
89,246
-
18,784
126,392
-
140
49,059
-
- $
8,036
-
4,802
-
380
-
8,036
4,802
54,589
22,726
134,967
145,176
49,199
380
54,589
22,726
134,967
145,176
95
49,199
8,036 $
4,802
380

COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
AUGUST 31, 2015
394
Life
Skills
Program
Data
Control
Codes
ASSETS
1120 Investments - Current
1240 Receivables from Other Governments
1250 Accrued Interest
1110
1000
2110
2160
2170
2180
2190
2300
2000
Total Assets
LIABILITIES
Accounts Payable
Due to Other Funds
Unearned Revenues
25,239
-
828,792
-
17,928
25,239
828,792
17,928
25,239
828,792
-
17,928
96
422
M atching Fund
for Library
Purchases
17,928
-
Total Liabilities
Total Liabilities and Fund Balances
410
State
Textbook
Fund
FUND BALANCES
3590
3000
Total Fund Balances
4000
397
Advanced
Placement
Incentives
25,239
828,792
17,928
25,239
828,792
EXHIBIT H-1
461
Campus
Activity
Funds
483
Partners
For
Scholars
484
M igrant
Program
Grant
Total
Nonmajor
Governmental
Funds
801,122
-
47,554
40,000
7
16,153
-
912,953
40,000
3,667,913
7
801,122
87,561
16,153
4,620,873
35,290
-
13,393
-
1,036,411
556,366
2,079,938
155
48,683
43,167
35,290
13,393
3,764,720
801,122
52,271
2,760
856,153
801,122
52,271
2,760
856,153
801,122
87,561
16,153
4,620,873
97

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - NONMAJOR GOVERNMENTAL FUNDS
211
ESEA I, A
Improving
Basic Program
212
ESEA Title I
Part C
M igrant
224
IDEA - Part B
Formula
225
IDEA - Part B
Preschool
Data
Control
Codes
5700
5800
5900
5020
REVENUES:
Total Local and Intermediate Sources
Total Revenues
EXPENDITURES:
Current:
0011 Instruction
0012 Instructional Resources and Media Services
0013 Curriculum and Instructional Staff Development
0031 Guidance, Counseling and Evaluation Services
0033 Health Services
0035 Food Services
0051 Facilities Maintenance and Operations
0061 Community Services
6030
Total Expenditures
13,729,391
465,925
7,685,885
13,729,391
465,925
7,685,885
9,458,568
34,067
3,598,839
380,474
21,687
85,366
4,761
575
145,054
171,723
257
90,553
128,543
2,024
72,825
4,671,369
28,099
783,962
234,044
1,954,891
4,800
8,720
13,729,391
465,925
7,685,885
20,842
20,842
20,842
20,842
1200
Net Change in Fund Balance
0100
3000
98
EXHIBIT H-2 (Cont'd)
242
Summer
Feeding
Program
$
244
Career and
Technical Basic Grant
3,627
817,762
821,389
786,389
35,000
821,389
611,094
611,094
255
ESEA II,A
Training and
Recruiting
$
568,738
42,356
611,094
1,052,777
1,052,777
263
Title III, A
English Lang.
Acquisition
$
1,009,009
43,768
1,052,777
274
GEAR UP
1,947,159
1,947,159
1,183,107
21,931
741,385
736
1,947,159
137,486
137,486
287
Bullet
Proof Vests
11,493
13,427
110,522
2,044
137,486
8,036
8,036
288
Fresh Fruits
& Vegetables
Program
$
8,036
8,036
243,906
243,906
289
Other Federal
Special
Revenue Funds
$
243,906
243,906
96,235
96,235
90,051
6,184
96,235
99

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - NONMAJOR GOVERNMENTAL FUNDS
394
Life
Skills
Program
Data
Control
Codes
5700
5800
5900
5020
REVENUES:
Total Local and Intermediate Sources
Total Revenues
EXPENDITURES:
Current:
0011 Instruction
0012 Instructional Resources and Media Services
0013 Curriculum and Instructional Staff Development
0031 Guidance, Counseling and Evaluation Services
0033 Health Services
0035 Food Services
0061 Community Services
6030
397
Advanced
Placement
Incentives
8,411
8,411
8,411
8,411
Total Expenditures
410
State
Textbook
Fund
21,159
21,159
5,378
15,781
21,159
422
M atching Fund
for Library
Purchases
2,436,150
2,436,150
2,470,659
1,025
2,471,684
214
214
214
214
1200
(35,534)
0100
35,534
3000
100
EXHIBIT H-2
461
Campus
Activity
Funds
$
2,864,435
2,864,435
483
Partners
For
Scholars
$
Total
Nonmajor
Governmental
Funds
-
2,876,473
2,457,523
26,816,498
32,150,494
2,674,785
2,674,785
19,660,937
34,281
3,764,458
1,996,374
2,930,516
2,279,322
4,761
4,800
1,030,295
38,624
8,036
243,974
31,996,378
189,650
154,116
611,472
484
M igrant
Program
Grant
801,122
52,271
52,271
2,760
2,760
702,037
856,153
101

STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
AGENCY FUND
FOR THE FISCAL YEAR ENDED AUGUST 31, 2015
Balance
Student Funds by Campus
August 31, 2014
ASSETS
United High School
$
295,768 $
United High School 9th Grade Campus
17,465
United South High School
152,438
J.B. Alexander High School
238,531
L.B.J. High School
111,358
United Middle School
42,159
United South Middle School
32,852
Salvador Garcia Middle School
10,885
Washington Middle School
24,688
Clark Middle School
40,133
Los Obispos Middle School
33,010
T rautmann Middle School
78,285
T rautmann Middle 6th Grade Campus
13,893
Gonzalez Middle School
31,296
Lamar Bruni Vergara Middle School
25,415
Nye Elementary School
9,326
Salinas Elementary School
10,935
T rautmann Elementary School
13,520
Perez Elementary School
13,626
Finley Elementary School
9,848
Gutierrez Elementary School
10,290
Ruiz Elementary School
19,714
Matias De Llano Elementary School
17,594
Kazen Elementary School
2,527
Juarez-Lincoln Elementary School
1,923
Prada Elementary School
7,004
Borchers Elementary School
15,822
Kennedy-Zapata Elementary School
2,368
Col. Santos Benavides Elementary School
41,372
Roosevelt Elementary School
3,029
Sen. Judith Zaffirini Elementary School
8,267
Dr. Henry Cuellar Elementary School
4,246
Muller Elementary School
6,229
Arndt Elementary School
14,364
Bonnie Garcia Elementary
24,221
Centeno Elementary
5,184
Malakoff Elementary
566
Fasken Elementary
17,545
Killam Elementary
8,599
Special Student Activities
72,800
T otal Cash and Cash Equivalents
1,489,093
Other Receivables
2,520
$
1,491,613 $
TO TAL ASSETS
Additions
Net Increase/
(Decrease)
Deductions
716,466
22,852
551,820
564,961
427,141
162,166
182,677
57,841
148,085
129,357
153,286
525
367,389
120,369
71,882
63,652
141,698
72,472
55,275
21,247
21,818
130,403
71,774
17,155
25,098
7,398
70,004
15,411
174,816
29,857
35,311
6,340
14,814
10,718
95,458
20,920
1,326
59,987
40,891
449,438
5,330,099
80,251
5,410,349
740,816
34,035
568,094
556,169
441,251
157,561
165,959
56,295
140,183
144,328
159,677
5,000
374,138
110,544
80,979
62,138
144,509
76,477
47,253
22,703
19,405
121,522
63,278
18,409
24,572
9,968
66,806
14,113
167,698
29,962
33,635
10,170
15,045
15,654
103,847
21,828
1,613
63,341
46,125
412,907
5,348,006
58,369
5,406,375
Balance
August 31, 2015
(24,350) $
(11,183)
(16,273)
8,792
(14,109)
4,606
16,718
1,546
7,902
(14,971)
(6,391)
(4,475)
(6,749)
9,826
(9,097)
1,513
(2,811)
(4,005)
8,022
(1,456)
2,413
8,881
8,496
(1,254)
526
(2,570)
3,198
1,298
7,118
(105)
1,676
(3,830)
(232)
(4,936)
(8,389)
(908)
(288)
(3,353)
(5,234)
36,531
(17,908)
21,882
3,974 $
271,418
6,281
136,165
247,323
97,248
46,764
49,569
12,431
32,590
25,162
26,619
73,810
7,144
41,121
16,318
10,840
8,125
9,515
21,648
8,391
12,703
28,596
26,090
1,274
2,449
4,434
19,020
3,666
48,489
2,924
9,943
416
5,997
9,428
15,832
4,276
279
14,192
3,365
109,331
1,471,185
24,402
1,495,587
LIABILITIES
1,491,613
5,420,350
5,416,376
3,974
1,495,587
TO TAL LIABILITIES
1,491,613
5,420,350
5,416,376
3,974
1,495,587
The accompanying notes are an integral part of this statement.
102
EXHIBIT J-4
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - CHILD NUTRITION PROGRAM
Data
Control
Budgeted Amounts
Codes
Original
Actual Amounts
(GAAP BASIS)
Variance With
Final Budget
Positive or
(Negative)
Final
REVENUES:
5700 Total Local and Intermediate Sources
5800 State Program Revenues
5900 Federal Program Revenues
5020
Total Revenues
2,392,906
136,000
22,017,918
392,906
845,743
24,867,918
549,227
676,595
24,347,034
156,321
(169,148)
(520,884)
24,546,824
26,106,567
25,572,856
(533,711)
23,882,941
663,883
26,192,684
663,883
26,412,691
413,678
(220,007)
250,205
24,546,824
26,856,567
26,826,369
30,198
(1,253,513)
(503,513)
EXPENDITURES:
0035 Food Services
6030
Total Expenditures
1200
0100
3000
(750,000)
3,172,481
3,172,481
103
3,172,481
2,422,481
3,172,481
1,918,968
(503,513)
EXHIBIT J-5
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL - DEBT SERVICE FUND
Data
Control
Budgeted Amounts
Codes
Original
Actual Amounts
(GAAP BASIS)
Variance With
Final Budget
Positive or
(Negative)
Final
REVENUES:
5700 Total Local and Intermediate Sources
5800 State Program Revenues
5020
Total Revenues
EXPENDITURES:
Debt Service:
0071 Principal on Long Term Debt
0072 Interest on Long Term Debt
0073 Bond Issuance Cost and Fees
6030
Total Expenditures
25,109,390
1,921,729
0100
3000
1,025,384
215,142
28,271,645
1,240,526
19,631,148
7,391,971
8,000
16,345,000
11,390,026
525,022
16,345,000
10,723,253
521,603
666,773
3,419
27,031,119
28,260,048
27,589,856
670,192
(1,228,929)
681,789
1,910,718
48,270,000
6,403,641
54,156,617
48,270,000
6,403,641
(54,156,617)
(108,313,233)
108,830,257
517,024
(108,313,233)
107,601,328
1,198,813
(106,402,515)
3,440,132
3,440,132
3,440,132
3,440,132
$ 111,041,461

26,134,774
2,136,871
27,031,119

Expenditures
7901 Refunding Bonds Issued
7916 Premium or Discount on Issuance of Bonds
8940 Payment to Bond Refunding Escrow Agent (Use)
1200
25,109,390
1,921,729
27,031,119
1100
7080
104
4,638,945
$ (106,402,516)
Texas Education
Agency:
Required Schedules
105

SCHEDULE OF DELINQUENT TAXES RECEIVABLE
FISCAL YEAR ENDED AUGUST 31, 2015
(1)
Last 10 Years Ended
August 31
2006
Tax Rates
M aintenance
Debt Service
(3)
Assessed/Appraised
Value for School
Tax Purposes
$ 1.379945
$ 0.226926
2007
1.263597
0.210758
7,682,484,544
2008
1.030009
0.154860
8,090,923,934
2009
1.040000
0.154860
9,051,070,951
2010
1.040000
0.154860
9,292,978,346
2011
1.040000
0.154860
9,407,610,071
2012
1.040000
0.154860
10,236,354,587
2013
1.040000
0.154860
11,621,311,929
2014
1.040000
0.174860
12,713,489,270
1.040000
0.184860
14,742,426,594
2015
1000
and prior years
(2)
(School year under audit)

TOTALS
Column 10+20-31-32+40 equals Column 50
Column 3 - Assessed/Appraised Value for School Tax Purposes:

Net appraised value after deductions of all exemptions and reductions allowed
Column 20 - Current Year's Levy:
Caluculated by multiplying tax rate(s) times applicable Assessed/Appraised Value(s)
Column 31 and 32 - Maintenance Collections and Debt Service Collections:
Total collections net of Column 40, not including penalties and interest
Column 40 - Entire Year's Adjustments:
Adjustments include corrections for errors in taxes assessed and taxes lost in freeze
Column 50 - Ending Balance 8/31/2015:
Total agrees with Exhibit A-1, Statement of Net Assets Code 1220 - Property
Taxes Receivable (Delinquent)
106
31,793,400,355
EXHIBIT J-1
(10)
Beginning
Balance
9/1/2014
(20)
Current
Year's
Total Levy
(32)
M aintenance
Collections
Debt Service
Collections
723,931 $
112,602
16,535
94,099
151,426
2,758
(603)
92,706
17,443
2,623
(491)
73,543
34,398
5,172
(1,298)
110,557
211,896
53,576
7,978
(2,489)
147,853
305,587
75,517
11,245
(972)
217,853
437,392
124,472
18,534
(7,277)
287,108
972,079
510,040
75,947
214,687
600,779
2,248,310
1,259,065
187,480
27,677
829,443
180,574,086
151,969,507
25,551,339
(882,726)
2,170,515
180,574,086 $
154,091,406
25,868,254 $
(713,793) $
5,157,956
107
5,180 $
(50)
Ending
Balance
8/31/2015
627,599
5,257,322 $
30,853
(40)
Entire
Year's
Adjustments
(60,300) $
(31)
108
Capital Assets
Used in the
Operation of
Governmental
Funds
109
110

CAPITAL ASSETS USED IN THE OPERATION OF GOVERNMENTAL FUNDS
INVESTMENT IN GOVERNMENTAL FUNDS CAPITAL ASSETS BY SOURCE(2)
AUGUST 31, 2015
2015
Governmental Funds Capital Assets:
Land
Buildings (3)
Machinery and equipment
Construction in progress
Total governmental funds capital assets
2014
45,787,307 $
517,792,493
56,757,696
23,639,762
39,899,014
498,766,374
52,082,915
3,989,436
643,977,258 $
594,737,739
136,031,242 $
17,269,124
490,676,892
121,739,511
17,936,167
455,062,061
643,977,258 $
594,737,739
Investments in governmental funds capital assets by source:

(1)
General Fund
Special Revenue Fund
Capital Projects Fund
Total governmental funds capital assets
Notes: (1) Detailed data is not available for prior years.

(2) This schedule presents only the capital assets related to governmental funds. Accordingly, the capital
Assets reported in the enterprise fund for Fiscal Year 2014 are excluded from the above amounts.
(3) Buildings include improvements other than buildings.
111

SCHEDULE BY FUNCTION AND ACTIVITY
FUNCTIO N AND ACTIVITY

INSTRUCTIO N-11
United High School
New United High School
United High 9th Grade
John B Alexander High School
Alternative Education Program
JBA Magnet School
United South Magnet School
United Magnet School
LBJ High School
Clark Middle School
Antonio Gonzalez Middle School
Clark Elementary School
Newman Elementary School
D D Hachar Elementary School
Amparo Gutierrez Elementary School
Alicia Ruiz Elementary School
Matias De Llano Jr Elementary School
Juarez Lincoln Elmentary School
Col Santos Benavides School
Roosevelet Elementary School
Zaffirini Elementary School
Cuellar Elementary School
R Centeno Elementary School
Bonnie Lopez Garcia Elementary School
Malakoff Elementary School
Fasken Elementary School Elementary
Hachar Property Elementary
Killam Property
Dillworth Property
Director Of Special Population
Special Education
Career & T echnology
Asst Supt Instruction
LAND
981,988
3,790,111
150,000
1,068,929
1,844,981
250,000
463,584
527,849
894,343
150,000
574,490
1,000,000
7,778
1,033,581
175,000
150,000
150,000
100,000
400,000
150,000
220,000
220,000
550,000
150,000
200,000
320,000
52,862
142,300
575,867
231,480
250,000
150,000
372,202
444,875
404,419
447,950
617,095
506,822
137,863
853,277
192,458
56,704
-
BUILDINGS
7,855,000
40,021,388
2,013,001
18,413,182
14,358,448
1,718,116
16,275,977
5,166,477
4,248,992
4,470,604
4,435,861
6,441,893
4,345,118
4,907,093
9,497,415
10,778,870
1,879,208
2,430,409
2,721,047
4,167,822
3,865,746
3,302,692
3,676,920
2,773,149
2,939,952
1,771,097
1,624,236
2,269,827
4,218,480
5,952,772
3,191,944
10,066,858
5,076,541
4,949,943
4,687,594
4,669,876
4,965,171
7,144,412
7,113,304
7,185,281
6,975,040
7,269,956
4,000
-
112
IMPRO VEMENTS
O THER THAN
BUILDINGS
36,709
34,583
6,234
772,132
9,507
6,348
680
3,336
16,428
43,724
39,617
71,239
14,800
11,750
15,750
924
1,274
38,430
-
MACHINERY &
EQ UIPMENT
CO NSTR.
IN PRO GRESS
1,304,342
365,417
93,621
553,821
425,947
6,091
19,238
14,323
66,510
867,035
274,674
164,205
59,548
318,013
213,503
65,712
142,664
151,558
327,108
44,662
23,866
91,063
26,259
156,300
65,241
201,385
9,937
20,341
20,341
192,338
10,205
17,757
23,866
236,468
28,572
52,999
6,619
305,003
2,600
37,117
32,576
5,565
226,320
71,134
858,464
34,917
13,540
2,285,778
86,086
94,113
TO TAL
10,178,039
44,176,916
2,106,622
19,151,586
15,859,558
6,091
1,737,354
14,323
66,510
19,760,125
5,700,658
4,876,781
5,058,001
5,648,218
6,805,396
4,985,320
6,049,757
165,685
10,858,104
10,998,532
2,053,073
2,671,471
2,847,986
4,727,458
4,097,414
3,724,077
3,950,581
3,383,107
3,110,293
2,163,435
1,954,441
2,411,684
4,384,647
6,779,907
3,463,746
10,369,857
5,248,910
5,627,148
5,135,992
5,112,686
5,445,696
7,767,072
7,846,446
7,394,279
8,686,782
192,458
7,400,008
4,000
13,540
2,285,778
86,086
94,113


Federal Programs
T echnology Department
Music Department
District Wide Administration
SUB-TO TAL
LAND
$
BUILDINGS
4,145,044
25,103,855
INSTRUCTIO NAL RESO URCES & MEDIA-12

United High School
$
LBJ High School
Clark Middle School
Lamar Bruni Vergada Middle School
Charles Borchers Elementary School
Col Santos Benavides Elem School
Bonnie Garcia Elementary School
R. Centeno Elementary School
Fasken Elementary School
Killam Elementary School
Instructional T elevision
$
SUB-TO TAL
STAFF DEVELO PMENT-13

Cherish Center
SUB-TO TAL
$
$
IMPRO VEMENTS
O THER THAN
BUILDINGS
98,678
271,939,392
882,275
495,065
541,878
647,332
256,086
189,529
589,159
605,824
748,944
592,553
574,890
761,436
296,217
68,735
111,680
159,041
73,422
255,543
221,256
276,494
246,746
258,487
268,101
228,467
274,145
255,222
602,812
332,050
175,651
309,166
373,811
352,958
352,826
374,977
769,158
13,521,937
$
$
113
22,291
23,755
1,169,511
$
$
MACHINERY &
EQ UIPMENT
CO NSTR.
IN PRO GRESS
125,497
565,247
21,900
1,128,888
12,556,290
55,082
63,687
25,982
45,569
31,881
15,073
20,581
12,942
21,172
27,528
54,296
7,777
21,696
14,506
44,160
8,718
17,555
9,972
19,573
22,383
63,638
10,047
34,803
34,357
18,159
8,802
709,938
$
$
19,865
19,865
TO TAL
$
125,497
565,247
44,191
5,396,365
310,769,048
937,357
558,752
567,860
692,901
287,967
204,602
589,159
626,405
761,886
613,725
602,418
815,732
7,777
296,217
68,735
133,376
159,041
87,927
255,543
221,256
276,494
246,746
258,487
268,101
228,467
274,145
255,222
646,972
332,050
184,369
309,166
391,366
362,930
372,399
397,360
63,638
10,047
34,803
34,357
18,159
777,960
14,231,876
$
$
$
$
19,865
19,865

INSTRUCTIO NAL LEADERSHIP-21
Pep Program
School Support Orange T eam
Instructional Accountability
Fine Arts Department
Secondary Education
Elementary Education
Special Education
State Compensatory Program
SUB-TO TAL
SCHO O L ADMINISTRATIO N-23
United High School
JBA Magnet School
LBJ High School
Clark Middle School
A. Gutierrez Elementary School
De Llano Jr Elementary School
Juarez-Lincoln Elemntary School
Col Santos Elementary School
Assoc. Super. For Instr. & Curr.
SUB-TO TAL
LAND
IMPRO VEMENTS
O THER THAN
BUILDINGS
BUILDINGS
$
$
$
$
197,990
197,990
542,938
660,087
650,254
149,401
863,110
448,151
236,912
412,411
424,077
299,577
414,787
402,423
380,718
13,133
154,653
47,863
95,425
97,896
127,772
147,504
230,412
317,245
295,414
268,101
228,467
274,145
218,762
452,109
332,050
245,911
309,166
436,113
411,784
411,631
437,474
11,437,875
$
$
$
$
MACHINERY &
EQ UIPMENT
CO NSTR.
IN PRO GRESS
120,438
5,000
15,195
52,340
7,820
17,276
52,282
8,263
13,458
51,261
46,084
18,000
407,417
TO TAL
542,938
660,087
650,254
9,962
197,057
868,512
448,151
246,912
412,411
424,077
299,577
414,787
402,423
380,718
13,133
154,653
47,863
95,425
97,896
127,772
147,504
230,412
317,245
295,414
268,101
228,467
274,145
218,762
452,109
332,050
245,911
309,166
436,113
411,784
411,631
437,474
8,263
11,519,158
120,438
202,990
15,195
52,340
7,820
17,276
52,282
8,263
13,458
51,261
46,084
18,000
605,407
- $
9,962
47,656
5,402
10,000
8263
81,283 $
$
$
$
$
24,400
24,400
$
$
$
$
24,400
24,400
$
$
$
$
6,000
6,000
$
$
$
$
6,000
6,000
GUIDANCE AND CO UNSELING-31
Guidance & Counseling Services

HEALTH SERVICES-33
Health Services
SUB-TO TAL
114


STUDENT TRANSPO RTATIO N-34
T ransportation Dept
Energy/Environmental Management
Special Education Department
PEP Program
SUB-TO TAL
FO O D SERVICES-35
United High School
LBJ High School
Clark Middle School
Lamar Bruni Vergada Middle School
Juarez-Lincoln Elemntary School
Muller Elemetnary School
Food Service
SUB-TO TAL
LAND
BUILDINGS
$
$
IMPRO VEMENTS
O THER THAN
BUILDINGS
2,227,812
2,227,812
MACHINERY &
EQ UIPMENT
CO NSTR.
IN PRO GRESS
156,948
156,948
341,275
281,041
340,194
436,113
411,784
411,631
437,474
2,659,511
115
21,517,859
26,885
498,422
59,461
22,102,628
3,743
29,337.31
88,495
74,627
5,787
24,209
26,613
47,867
38,176
18,158
12,054
55,068
236,000
18,200
35,407
44,842
39,711
21,600
53,409
19,879
38,406
26,407
41,910
33,290
20,992
1,248
31,898
45,657
24,127
46,355
59,789
64,304
61,814
1,248
7,803
3,488,886
4,887,314
$
$
TO TAL
23,902,619
26,885
498,422
59,461
24,487,388
3,743
29,337
88,495
74,627
5,787
24,209
26,613
47,867
38,176
18,158
12,054
55,067.60
236,000.00
18,199.51
35,406.73
44,842.29
39,710.54
21,599.96
53,409.37
19,878.87
38,406.33
26,406.64
41,910.28
33,290.45
20,991.94
1,247.50
373,173.05
326,697.59
364,321
482,468
471,572
475,935
499,288
1,248
7,803
3,488,886
7,546,825

LAND
CO CURRICULAR/EXTRACURRICULUM-36
United High School
$
LBJ High School
Clark Middle School
After School Program
Athletics Department
$
SUB-TO TAL
GENERAL ADMINISTRATIO N-41
Director Of T echnology
LBJ High School
State & Federal Prgorams
Accounting Department
Management Records Department
Human Services Department
T ax Office Department
Purchasing Department
Director Of Communication
Planning Department
Printing Department
Police Department
Food Service
Support Services
Fixed Assets Department
Risk Management
SUB-TO TAL
BUILDINGS
1,006,576
1,007,030
2,013,606
15,818
15,818
PLANT MAINTENANCE & O PERATIO N-51

United High School
$
LBJ High School
United High 9th Grade Campus
Alterntative Education
Clark Middle School
T rautman Middle School
T rautman Middle 6th Grade Campus
$
$
1,553,261
1,581,797
1,618,299
2,157,774
53,640
331,676
353,495
363,495
311,568
355,532
344,934
456,862
12,856,366
11,341,915
33,680,614
113,311
5,990
119,301
144,872
14,211,855
87,768
163,757
210,385
132,332
59,502
80,116
76,174
129,000
43,418
90,259
68,565
33,641
774,462
195,455
116
IMPRO VEMENTS
O THER THAN
BUILDINGS
$
$
196,447
364,617
9,931
394,511
13,006
76,243
706,688
1,761,443
110,797
91,462
9,470
29,774
241,502
2,142,167
1,575,403
625,624
613,592
1,815,703
14,317
255,604
183,621
104,175
62,713
12,513
28,283
223,485
12,989
114,183
89,917
MACHINERY &
EQ UIPMENT
CO NSTR.
IN PRO GRESS
$
$
58,885
29,991
52,327
51,470
6,979
6,700
22,588
97,836
66,059
163,463
556,298
2,704,491
16,895
13,909
453,376
16,699
120,967
433,215
179,836
5,998
120,606
19,821
60,253
169,102
164,280
34,086
35,694
4,549,228
10,368
163,582
141,463
7,426
31,462
64,365
9,107
6,699
17,390
56,803
37,956
5,998
17,830
$
$
TO TAL
$
$
1,808,594
29,991
1,998,741
1,669,769
2,174,684
454,851
331,676
366,501
363,495
311,568
355,532
344,934
479,450
97,836
14,005,244
13,219,096
38,011,961
2,704,491
16,895
124,706
658,149
26,169
120,967
468,979
179,836
5,998
120,606
19,821
60,253
184,920
164,280
34,086
35,694
4,925,849
10,368
2,450,621
15,928,721
720,818
808,810
2,090,453
155,756
321,805
263,737
197,738
248,516
55,931
118,542
330,005
46,629
894,644
303,201


T rautman Elementary School
Matias De Llano Elementary School
Borchers Elementary
Col. Santos Benavides Elemementary
Rooselvelt Elementary School
Garcia Elementary School
Rodolfo Centeno Elementary School
Career & T echnology/UIL
Even Start Program
Accounting Department
Discipline Management
District Wide Administrators
Human Resources Department
Health Services
Food Service Department
Central Receiving Department
T ransportation Department
Police Department
Energy/Environment Management
Construction Management
Cherish Center
Facilities Department
Janitorial Department
SUB-TO TAL
LAND
$
BUILDINGS
-
83,563
54,218
46,351
60,494
71,683
49,284
46,305
84,400
84,255
54,926
52,889
85,812
57,607
52,244
37,063
63,579
63,613
50,751
40,974
58,624
63,018
58,585
43,907
58,785
47,907
43,907
15,645
11,013
77,965
1,013,731
3,448
9,679
3,000
11,550
15,400
13,912
19,191,646
117
IMPRO VEMENTS
O THER THAN
BUILDINGS
$
224,061
58,714
108,743
74,110
39,005
192,188
73,859
35,500
152,642
46,313
99,464
265,468
212,336
45,231
24,950
83,682
27,181
93,502
66,116
20,915
54,652
59,792
9,400
47,146
59,917
15,823
87,864
9,403
680,056
4,423
78,415
1,150,317
10,978
7,315
14,397
17,694
189,418
67,440
24,480
195,673
12,602,869
MACHINERY &
EQ UIPMENT
$
CO NSTR.
IN PRO GRESS
9,500 $
52,780
58,206
61,080
58,330
22,731
8,686
31,880
17,575
5,025
5,550
5,025
5,706
5,025
49,706
180,642
25,308
25,308
27,463
226,888
6,150
52,100
195,961
539
181,295
519,595
29,880
(19,000)
148,140
49,721
3,903,404
5,900
6,526,548 $
TO TAL
$
317,124
165,713
213,300
134,604
110,688
302,553
178,495
58,231
245,728
162,448
154,390
335,932
303,173
108,387
77,194
125,770
90,759
162,821
116,867
40,974
84,564
167,375
299,018
78,614
131,239
135,287
59,730
314,752
15,645
6,150
72,516
953,982
4,423
78,415
539
2,345,343
10,978
7,315
17,845
546,968
222,299
48,440
172,620
61,271
15,400
4,112,988
5,900
38,321,063

LAND
BUILDINGS
SECURITY AND MO NITO RING AT SCHO O LS-52

United High School
$
LBJ High School
Cherish Center
Districtwide Administrators
Police Department
$
SUB-TO TAL
DATA PRO CESSING SERVICES-53

Gonzalez Middle School
Sen. Zaffirini Elementary School
SUB-TO TAL
40,113
20,303
30,820
51,974
5,767
-
FACILITIES & ACQ UISITIO NS-81

United High School
United 9th Campus
Alternative Education Progr
LBJ High School
Clark Middle School
T rautmann 6th Middle School
HWY 359 EAS Middle School
Aquero Middle School
FWSM Middle School
IMPRO VEMENTS
O THER THAN
BUILDINGS
120,242
120,242
1,813,009
619,146
6,048,892
5,151,738
193,831
6,132,338
273,370
63,048
40,532
105,519
479,614
253,310
65,315
52,195
117,999
-
118
MACHINERY &
EQ UIPMENT
CO NSTR.
IN PRO GRESS
63,508
65,469
64,869
48,268
67,069
72,920
16,849
398,952
109,167
12,300
40,310
1,273,384
1,435,161
502,530
108,627
19,827
53,544
53,544
52,908
66,327
66,327
38,524
38,524
38,524
38,524
38,524
23,169
5,557
31,809
1,176,785
2,294,733
64,059
2,152,583
1,991,193
33,780
1,004,440
2,356,465
543,472
318,480
57,549
130,434
239,915
62,385
3,550
-
81,792
82,464
32,314
428,365
157,818
124,278
18,514
150,385
11,575
26,137
4,739
13,099
19,941
18,514
-
TO TAL
5,731,531
7,509,518
1,288,293
308,748
364,106
199,281
337,991
137,012
54,098
358,593
189,476
200,760
172,675
65,469
64,869
48,268
67,069
12,300
72,920
40,310
1,290,233
1,834,113
622,772
108,627
19,827
53,544
53,544
52,908
66,327
66,327
38,524
38,524
38,524
38,524
38,524
23,169
5,557
31,809
1,297,027
9,961,179
683,205
15,793,456
8,483,841
655,976
7,634,164
3,118,219
625,033
509,396
174,642
835,466
497,963
478,791
137,012
129,784
136,513
410,567
195,243
200,760


Amparo Gutierrez Elementary
Juarez Elementary School
Zaffirrini Elementary School
Rodolfo Centeno Elementary School
HWY 359 Elementary School
San Isidro Elementary School
FWN Elementary School
Shiloh Elementary School
Veterans Memorial Elementary School
Assistant Super for Inst & Curr
Pep Program
Silver T eam Education
Instructional T elevision
Cherish Center
Food Service
Printing Department
Construction Management
Shipping/Receiving Department
T ransportation Department
Superintendent
Police Department
Internal Audit
SPI Default
Risk Management
SUB-TO TAL
GRAND TO TAL
LAND
$
$
$
50,509
227
16,085,510
400,000
1,968,805
18,654,028
45,787,308
BUILDINGS
$
$
$
47,254
311,587
131,113
433,561
671,265
128,584
43,026
682,335
101,484
30,438
37,965
152,788
42,791
557,923
67,412
33,007
52,841
49,302
40,626
61,937
46,095
43,657
42,916
35,266
34,525
42,791
15,028,756
261,369
35,514
282,454
3,842,806
63,399
1,750,261
187,683
45,018,565
69,800
112,000
35,000
9,679
46,737
10,663,986
7,576
36,667
102,784,595
457,880,914
119
IMPRO VEMENTS
O THER THAN
BUILDINGS
$
$
$
374,222
113,463
161,719
369,378
913,199
183,275
132,854
535,664
173,135
409,718
335,400
280,036
1,475,603
193,924
12,631
296,150
1,380,568
211,026
22,000
99,183
18,312
101,968
2,708
542,310
21,700
2,352
1,742,902
21,983,321
208,715
29,884
43,580,354
59,911,579
MACHINERY &
EQ UIPMENT
$
$
$
CO NSTR.
IN PRO GRESS
27,199 $
40,373
18,514
43,899
64,877
41,300
13,099
18,514
18,514
127,684
21,785
76,023
18,514
238,299
32,614
13,099
18,514
17,093
18,514
13,099
61,693
18,514
136,449
13,099
13,099
18,514
219,750
61,836
597,170
32,257
(1,680,786)
21,063
23,183
23,182
69,683
38,376
1,718,540 $
56,757,695 $
70,453
48,030
374,251
254,073
127,568
145,328
38,787
228,215
299,210
2,113,209
99,270
112,765
144,590
16,091
0
22,679
2,131
263,027
111,828
2,488,849
23,639,762
23,639,762
TO TAL
$
$
$
448,676
535,875
359,376
1,221,089
1,903,415
353,159
316,547
535,664
873,984
529,716
638,850
339,786
1,704,415
255,229
808,853
434,963
1,426,674
282,380
88,394
59,140
402,435
425,309
164,139
179,365
48,365
50,332
61,305
2,113,209
149,778
112,765
144,590
15,264,824
803,679
61,836
57,214
282,454
3,842,806
619,849
65,750
3,527,551
187,683
81,669,636
181,628
112,000
35,000
9,679
2,935,587
10,893,763
1,976,381
89,734
23,182
69,683
38,376
190,377,280
643,977,258

SCHEDULE OF CHANGES IN GENERAL CAPITAL ASSETS
BALANCE AT
08/31/14
LOCATION AND ACTIVITY
ADDITIONS
ADJUS TMENTS /
RETIREMENTS
BALANCE AT
08/31/15
INS TRUCTION
Assets in S ervice (1)
United High School
United 9th Grade Campus
M agnet School For Health/Science
M agnet School For Business
M agnet School For Engineering
Lyndon B Johnson High School
United M iddle School
United South M iddle School
Salvador Garcia M iddle School
Washington M iddle School
Clark M iddle School
Los Obispos M iddle School
Trautmann M iddle School
Gonzalez M iddle School
Lamar Bruni Vergara M iddle School
Nye Elementary
Clark Elementary
Salinas Elementary
Newman Elementary
Trautmann Elementary
Perez Elementary
Finley Elementary
United D D Hachar Elementary
Gutierrez Elementary
Ruiz Elementary
M atias De Llano Jr Elementary
Kazen Elementary
Juarez-Lincoln Elementary
Prada Elementary
Borchers Elementary
Kennedy-Zapata Elementary
Colonel Santos Benavides
F D Roosevelt Elementary
Judith Zaffirini Elementary
Henry Cuellar Elementary
M uller Elementary
Note:
9,555,466
44,883,968
2,122,622
19,165,921
15,891,044
6,091
1,737,354
14,323
66,510
19,702,290
5,700,658
4,870,825
5,058,002
5,648,218
6,805,396
4,979,665
6,049,757
5,495,736
10,881,856
11,005,150
2,053,073
2,671,471
2,847,986
4,721,338
4,089,595
3,730,695
3,937,327
3,383,107
3,115,858
2,163,435
1,961,060
2,411,684
4,390,212
6,800,854
3,470,365
10,376,475
5,248,910
5,633,767
5,149,168
5,112,686
15,840
10,045
10,045
42,635
5,655
-
(1) Detailed data for prior years is unavailable for furniture and equipment.
120
6,480
16,000
38,181
11,885
7,405
6,619
6,619
6,619
20,947
6,619
6,619
6,619
13,176
-
9,564,826
44,883,968
2,106,622
19,137,785
15,889,204
6,091
1,737,354
14,323
66,510
19,744,925
5,700,658
4,870,825
5,058,002
5,648,218
6,805,396
4,985,320
6,049,757
5,495,736
10,874,451
11,005,150
2,053,073
2,671,471
2,847,986
4,721,338
4,089,595
3,724,077
3,930,709
3,383,107
3,115,858
2,163,435
1,954,442
2,411,684
4,390,212
6,779,907
3,463,747
10,369,857
5,248,910
5,627,149
5,135,992
5,112,686

BALANCE AT
08/31/14

John W Arndt Elementary
Centeno Elementary
M alakoff Elementary
Fasken Elementary
Career & Technology
Director Of Technology
Special Education
Guidance/Testing
Federal Programs
M usic Department
SPI Default
Centeno Elementary
S UB-TOTAL
5,451,261
7,846,446
5,565
7,399,844
8,661,782
7,423,338
86,085
562,518
2,286,125
13,540
125,497
101,398
44,191
5,061,940
196,458
6,380,808
314,556,715
INS TRUCTIONAL RES OURCE & MEDIA

United High School
$
LBJ High School
Antonio Gonzalez M iddle School
Lamar Bruni Vergada M iddle School
Trautmann Elementary School
937,357
558,752
567,860
708,195
287,967
204,602
589,159
626,405
761,886
600,111
602,418
815,732
7,777
296,217
68,735
133,376
159,041
87,928
255,543
221,256
276,494
246,746
258,487
Note:
ADJUS TMENTS /
RETIREMENTS
ADDITIONS
5,263
89,483
121
BALANCE AT
08/31/15
33,736
22,607
7,286
217,414
8,444
-
5,451,261
7,846,446
5,565
7,399,844
8,661,782
7,423,338
86,085
534,045
2,263,518
13,540
125,497
94,112
44,191
5,061,940
196,458
6,380,808
314,428,784
937,357
558,752
567,860
699,751
287,967
204,602
589,159
626,405
761,886
600,111
602,418
815,732
7,777
296,217
68,735
133,376
159,041
87,928
255,543
221,256
276,494
246,746
258,487

BALANCE AT
08/31/14

Juarez-Lincoln Elem. School
Kennedy-Zapata Elem. School
Benavides Elementary School
M uller Elementary School
Garcia Elementary School
Centeno Elementary School
M alakoff Elementary School
Instructional Television
S UB-TOTAL
S TAFF DEVELOPMENT
Cherish Center
S UB-TOTAL
INS TRUCTIONAL LEADERS HIP
Curriculum Department
Information Technology
Pep Program
Fine Arts
School Support Orange Team
Federal Programs
State Compensatory Program
Secondary Education
Special Education
S UB-TOTAL
S CHOOL ADMINIS TRATION
United High School
JBA M agnet School
Note:
268,101
228,467
274,145
255,222
646,972
332,050
184,369
309,166
391,366
362,930
372,399
397,360
63,638
22,200
22,650
34,357
18,159
802,783
14,258,378
$
$
ADJUS TMENTS /
RETIREMENTS
ADDITIONS
$
19,865
19,865
$
$
12,146
52,282
120,438
17,276
23,015
202,990
29,711
36,000
5,295
52,340
6,580
39,504
8,263
13,458
51,261
670,559
542,938
660,087
650,254
9,962
197,057
122
BALANCE AT
08/31/15
$
8,444
268,101
228,467
274,145
255,222
646,972
332,050
184,369
309,166
391,366
362,930
372,399
397,360
63,638
22,200
22,650
34,357
18,159
802,783
14,249,934
$
$
$
$
19,865
19,865
12,146
12,146
12,146
52,282
120,438
17,276
23,015
202,990
29,711
36,000
5,295
40,194
6,580
39,504
8,263
13,458
51,261
658,413
542,938
660,087
650,254
9,962
197,057

BALANCE AT
08/31/14

LBJ High School
M atias De Llano Elementary School
Assoc. Super. For Instr. & Curr.
S UB-TOTAL
868,512
448,151
246,912
412,411
424,077
299,577
414,787
402,423
380,718
13,133
154,653
47,863
95,425
97,896
127,772
147,504
230,412
317,245
295,414
268,101
228,467
274,145
218,762
452,109
332,050
245,911
309,166
436,113
411,784
411,631
437,474
8,263
11,519,159
GUIDANCE & COUNS ELING S ERVICES

Guidance & Counseling Services
$
TOTAL $
HEALTH S ERVICES
Health Services
S UB-TOTAL
S TUDENT TRANS PORTATION
Transportation Department
Special Education
Pep Program
S UB-TOTAL
Note:
ADJUS TMENTS /
RETIREMENTS
ADDITIONS
11,846
11,846
$
$
6,000
6,000
24,821,843
953,822
55,379
25,831,044
$
$
357,628
357,628
123
BALANCE AT
08/31/15
868,512
448,151
246,912
412,411
424,077
299,577
414,787
402,423
380,718
13,133
154,653
47,863
95,425
97,896
127,772
147,504
230,412
317,245
295,414
268,101
228,467
274,145
218,762
452,109
332,050
245,911
309,166
436,113
411,784
411,631
437,474
8,263
11,519,159
11,846
11,846
$
$
$
$
6,000
6,000
1,291,068
574,636
1,865,704
23,888,403
379,186
55,379
24,322,968

BALANCE AT
08/31/14

FOOD S ERVICES
United High School
LBJ High School


M uller Elemetnary School
Food Service
S UB-TOTAL
Note:
ADDITIONS
5,825
341,275
281,041
340,194
436,113
411,784
411,631
437,474
2,665,337
3,742.50
29,337.31
88,495
68,802
5,787
24,209
26,613
47,867
38,176
18,158
12,054
46,020
236,000
24,116
28,740
44,842
39,711
21,600
42,496
8,440
25,855
38,406
26,407
10,914
41,910
38,290
20,992
1,248
31,898
45,657
29,839
46,355
59,789
64,304
61,814
1,248
7,803
3,533,920
4,941,852
124
ADJUS TMENTS /
RETIREMENTS
5,916
8,440
5,976
5,000
5,711
50,810
81,853
BALANCE AT
08/31/15
3,743
29,337
88,495
74,627
5,787
24,209
26,613
47,867
38,176
18,158
12,054
46,020
236,000
18,200
28,740
44,842
39,711
21,600
42,496
19,879
38,406
26,407
10,914
41,910
33,290
20,992
1,248
373,173
326,698
364,321
482,468
471,573
475,935
499,288
1,248
7,803
3,483,110
7,525,336

BALANCE AT
08/31/14

COCURRICULAR/EXTRACURRICULAR
United High School
LBJ High School
After School Program
M usic Department
S UB-TOTAL
1,816,942
29,991
1,983,384
1,663,850
2,174,684
454,851
338,637
366,501
363,495
311,568
355,532
344,934
479,450
103,396
13,980,477
13,250,661
38,018,352
6,459
16,895
110,797
2,685,507
26,169
19,821
300,023
73,949
468,780
306,529
16,595
120,606
65,321
184,920
34,086
159,211
5,912
51,938
4,653,519
PLANT MAINTENANCE & OPERATIONS

United High School
$
John B Alexandher High School
Alternative Education School
15,668,260
717,219
730,141
2,212,975
23,424
GENERAL ADMINIS TRATION

LBJ High School
Federal Programs
Technology
Accounting
Planning Department
Records M anagement
Human Resources
Tax Office
Purchasing
Communication
Printing Department
Food Service
Fixed Assets Department
Support Services
Director of Technology
Risk M anagement
Police Department
S UB-TOTAL
Note:
ADDITIONS
15,357
5,919
16,795
38,071
33,438
26,063
59,501
10,368
7,426
12,553
-
125
ADJUS TMENTS /
RETIREMENTS
BALANCE AT
08/31/15
6,961
15,939
22,900
48,521
33,240
31,153
10,597
20,649
6,000
150,160
1,816,942
29,991
1,998,741
1,669,769
2,174,684
454,851
331,676
366,501
363,495
311,568
355,532
344,934
479,450
103,396
13,980,477
13,251,517
38,033,523
6,459
16,895
110,797
2,685,507
26,169
19,821
300,023
25,428
468,978
275,375
5,998
120,606
65,321
184,920
34,086
159,211
11,326
51,938
(6,000)
4,562,859
15,678,628
724,645
742,694
2,212,975
23,424

BALANCE AT
08/31/14

LBJ High School
Trautmann 6th Grade Campus
M atias De Llano Jr Elementary School
Col Santos Benavides Elementary School
Ardnt Elementary School
Rodolfo Centeno Elementary
Discipline M anagement
Even Start Program
Cherish Center
Career & Techonology
Food Service Dept
Central Receiving Department
Note:
ADDITIONS
2,062,222
515,528
189,791
143,065
12,513
196,788
28,283
282,188
12,989
763,339
301,711
246,841
111,494
161,243
74,109
45,125
250,695
132,189
106,533
161,329
109,298
124,772
298,280
217,360
50,781
24,950
88,707
45,952
93,502
66,116
41,635
98,652
260,323
44,108
148,588
178,093
20,098
78,415
539
6,150
37,105
15,645
401,989
14,397
488,545
33,221
801,829
17,795
16,700
13,700
16,563
19,698
13,700
15,200
5,706
13,700
5,706
15,200
13,900
13,700
13,226
20,506
20,906
13,700
13,900
23,842
45,374
126
ADJUS TMENTS /
RETIREMENTS
$
7,425
10,490
275
39,900
41,965
BALANCE AT
08/31/15
$
2,072,592
515,528
206,491
156,765
12,513
196,788
44,846
282,188
12,989
783,037
301,711
260,541
126,694
166,949
87,809
45,125
250,695
132,189
112,239
176,529
109,298
124,772
312,180
217,360
64,481
38,176
88,707
45,952
114,008
66,116
41,635
119,558
263,533
44,108
162,488
178,093
19,823
78,415
539
6,150
37,105
15,645
362,089
14,397
512,388
33,221
805,239

BALANCE AT
08/31/14

Human Services Department
Police Department
Transportation Dept
Energy/Environment M anagement
Construction M anagement
Janitorial Department
S UB-TOTAL
2,440,083
10,978
100,880
211,291
127,633
18,114
3,480,135
47,520
35,375,678
S ECURITY AND MONITORING S ERVICES

United High School
$
LBJ High School
Alternative Edcuation Program
Cherish Center
Police Department
$
S UB-TOTAL
172,675
65,469
64,869
67,069
48,267
72,920
12,300
40,310
1,484,262
2,028,141
DATA PROCES S ING S ERVICES

Lamar Bruni M iddle School
Sen Zaffirini Elementary School
S UB-TOTAL
627,721
108,628
53,544
53,544
53,544
52,908
66,327
66,327
38,524
38,524
38,524
38,524
38,524
23,168
5,557
31,448
1,335,336
FACILITIES ACQUIS ITION & CONS TRUCTION

United High School
$
2,603,054
685,271
6,445,004
4,988,516
655,976
Note:
ADJUS TMENTS /
RETIREMENTS
ADDITIONS
$
8,600
11,008
29,033
42,107
350,629
804,447
27,745
24,476
116,469
-
127
29,628
29,628
60,750
430,964
591,769
BALANCE AT
08/31/15
$
118,792
118,792
14,744
33,717
48,461
2,448,683
10,978
100,880
222,299
95,917
60,221
3,399,799
47,520
35,588,356
172,675
65,469
64,869
67,069
48,267
72,920
12,300
40,310
1,395,098
1,938,977
612,977
108,628
19,827
53,544
53,544
52,908
66,327
66,327
38,524
38,524
38,524
38,524
38,524
23,168
5,557
31,448
1,286,875
2,630,799
685,271
6,469,480
5,104,985
655,976

BALANCE AT
08/31/14

LBJ High School
Lamar Bruni M iddle School
HWY 359 EAS M iddle School
Aquero M iddle School
A.Gutierrez Elementary School
Charles R Borchers Elementary School
Col Santos Benavides Elementary School
Centeno Elementary School
Veterans M emorial Elementary School
HWY 359 Elementary School
Note:
ADDITIONS
7,065,551
2,643,240
605,915
388,922
107,113
625,944
407,789
127,701
754,799
116,490
445,161
247,083
359,812
610,533
1,218,356
325,180
180,928
605,779
204,608
469,252
377,782
407,526
1,561,536
244,576
1,335,846
385,437
1,452,003
276,498
123,512
41,550
133,010
119,922
160,273
65,830
59,246
36,966
48,093
-
263,494
64,137
18,514
140,419
18,514
39,836
764
13,099
6,178
18,514
51,974
5,767
13,099
59,037
18,514
13,099
13,099
19,014
13,099
22,679
21,514
13,099
13,099
76,023
18,514
13,099
18,514
13,099
18,514
6,178
18,514
13,099
6,178
18,514
113,534
13,099
13,099
18,514
14,011,443
50,509
128
ADJUS TMENTS /
RETIREMENTS
$
6,939
6,939
6,939
-
BALANCE AT
08/31/15
$
7,329,045
2,707,377
624,429
522,402
118,688
665,781
401,613
140,800
760,978
135,004
51,974
5,767
458,261
306,120
378,326
623,632
1,231,456
344,194
194,027
605,779
227,286
490,766
390,881
420,625
1,637,559
263,090
1,348,945
403,951
1,465,102
295,011
129,690
60,064
146,109
126,100
178,787
179,365
72,345
50,065
66,607
14,011,443
50,509

BALANCE AT
08/31/14

Superintendent of Schools
Pep Program
Director of Technology
Health Services
Fine Arts Dept.
Printing Department
Food Service
Transportation Department
Police Department
Internal Audit
Risk M anagement
SPI Default
Associate Super for Inst & Curr
After School Prgoram
Cherish Center
S UB-TOTAL
CONS TRUCTION IN PROGRES S
GRAND TOTAL
Note:
ADDITIONS
7,576
234,214
61,836
416,940
7,315
64,241
2,733,410
81,176,761
208,608
112,000
10,345,446
71,284
23,183
23,182
117,640
549,886
3,821,101
106,167
139,798,373
$
$
385,904
505,069
8,892,575
69,800
893,270
1,867
160,929
34,872
26,413,984
3,989,436
594,737,739
BALANCE AT
08/31/15
6,939
27,757
7,576
234,214
61,836
795,906
7,315
64,241
3,238,478
90,069,336
208,608
112,000
69,800
11,238,717
73,151
23,183
23,182
117,640
710,815
3,821,101
141,038
166,184,601
38,606,919
18,956,593
23,639,762
71,341,513
22,101,995
643,977,258
129
ADJUS TMENTS /
RETIREMENTS
130
Statistical
Section
131
132

STATISTICAL SECTION
AUGUST 31, 2015
This part of the United Independent School Districts comprehensive annual financial report presents
detailed information as a context for understanding what the information in the financial statements,
and note disclosures says about the Districts overall financial health.
Contents
Page
Financial Trends
These schedules contain trend information to help the reader understand how the
Districts financial performance and well-being have changed over time.
134
Revenue Capacity
These schedules contain information to help the reader assess the Districts most
significant local revenue sources.
148
Debt Capacity
These schedules present information to help the reader asses the affordability of the
Districts current levels of outstanding debt and the Districts ability to issue
additional debt in the future.
154
Demographic and Economic Information

These schedules offer demographic and economic indicators to help the reader
understand the environment within which the Districts financial activities take place.
159
Operating Information
These schedules contain service and infrastructure data to help the reader
understand how the information in the Districts financial report relates to the
services the District provides and the activities it performs.
161
Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial
reports for the relevant year. Beginning in fiscal year 2002, the District implemented GASB Statement 34 which
includes schedules presenting government-wide information.
Note: As of September 1, 2014, the Child Nutrition Program changed fund type from Proprietary Fund to General Fund.
133
SCHEDULE 1
NET POSITION BY COMPONENT*
LAST TEN FISCAL YEARS
(accrual basis of accounting)
2006
Invested in Capital Assets, Net of Related Costs
Restricted
Unrestricted
Fiscal Year
2007
2008
2009
$ 13,557,516 $ 19,278,711 $ 34,610,802 $ 44,995,965

10,866,271
62,145,261
37,718,951
35,223,463
37,335,166
5,108,199
38,565,875
47,184,087
Total Governmental Activities Net Assets
61,758,953
86,532,171
110,895,628
127,403,515
Business-Type Activities
Invested in Capital Assets, Net of Related Debt
Restricted
Unrestricted
585,749
2,838,779
609,220
2,253,812
515,936
1,775,621
540,643
1,597,839
Total Business-Type Activities Net Assets
3,424,528
2,863,032
2,291,557
2,138,482
14,143,265
10,866,271
40,173,945
19,887,931
62,145,261
7,362,011
35,126,738
37,718,951
40,341,496
45,536,608
35,223,463
48,781,926
Primary Government
Invested in Capital Assets, Net of Related Debt
Restricted
Unrestricted
Total Primary Government Net Assets
$ 65,183,481 $ 89,395,203 $ 113,187,185 $ 129,541,997
Source: United ISD Division of Business and Finance

*Note:
As of September 1, 2014, the Child Nutrition Program changed fund type from Proprietary Fund to General Fund
134
2010
2011
2012
2013
2014
2015
$ 48,563,870 $ 53,135,091 $ 67,139,155 $ 80,934,366 $ 75,240,122 $ 89,434,808

44,669,644
30,073,798
24,617,856
20,050,593
102,196,556
82,517,577
39,426,848
79,246,633
74,169,186
80,303,126
4,823,368
(28,759,643)
132,660,362
162,455,522
165,926,197
181,288,085
182,260,046
143,192,742
423,340
2,570,530
362,526
3,491,497
296,936
3,323,595
249,659
3,507,621
517,750
2,654,731
2,993,871
3,854,022
3,620,531
3,757,280
3,172,481
48,987,211
44,669,644
41,997,378
53,497,617
30,073,798
82,738,130
67,436,091
24,617,856
77,492,781
81,184,025
20,050,593
83,810,747
75,757,872
102,196,556
7,478,099
89,434,808
82,517,577
(28,759,643)
$ 135,654,233 $ 166,309,544 $ 169,546,728 $ 185,045,365 $ 185,432,527 $ 143,192,742
135
SCHEDULE 2
CHANGES IN NET POSITION*
Expe nse s
11
Instruction
12
Instructional Resources & Media Services
13
Curriculum & Instructional Staff Dev.
21
23
School Leadership
31
Guidance, Counseling, & Eval. of Ser.
32
33
Health Services
34
35
Food Services
36
Cocurricuar/Extracurriuclar Activities
41
51
52
53
61
Community Services
72
Debt Servcie - Interest on Long T erm Debt
73
Debt Servcie - Bond Iss. Cost & Fees
95
Juvenile Justice Alt. Education Program
99
T otal governmental activities expenses
Business-type activities:
35
Enter. Fund - Nat'l School Breakfast & Lunch
T otal business-type activities expenses
T otal primary government expenses
Program Re ve nue s
Charges for services:
Instruction
School Leadership
Food Services
Cocurricuar/Extracurriuclar Activities
Operating grants and contributions
T otal governmental activities program revenues
Charges for services:
Enter. Fund - National School Breakfast & Lunch
Operating grants and contributions
T otal business-type activities revenues
Fiscal Ye ar
2007
2006
$
156,230,574
4,154,361
1,799,287
5,807,373
15,955,177
10,085,248
1,312,078
2,639,928
8,964,689
1,439,140
6,924,798
9,863,723
24,868,633
3,865,773
3,118,557
489,497
15,289,047
9,120
129,859
272,946,862
16,156,554
16,156,554
164,818,404
4,581,209
1,895,692
6,466,252
17,593,383
11,014,722
1,503,979
2,916,545
10,000,179
1,212,335
8,048,297
10,977,950
29,741,462
5,377,009
3,320,504
821,110
17,714,436
66,195
298,069,663
2008
$
18,199,632
18,199,632
186,463,334
5,041,817
1,496,836
7,048,701
19,069,112
12,244,544
1,656,268
3,219,740
12,854,838
1,373,363
9,012,854
10,136,554
32,429,720
6,407,414
3,848,203
756,417
13,738,310
14,938
335,000
1,336,878
328,484,841
19,784,330
19,784,330
289,103,416
316,269,295
348,269,171
7,413
1,000,971
29,024
42,128,629
43,166,037
7,115
1,234,669
41,821
40,338,369
41,621,974
1,128
6,862
1,366,313
46,213,005
47,587,308
2,634,628
13,398,022
16,032,650
T otal primary government revenues
59,198,687
Net (expense)/revenue
Governmental activities
Business-type activities
T otal primary government net expenses
$ (229,780,825)
(123,904)
$ (229,904,729)
2,705,534
14,825,909
17,531,443
$
59,153,417
$ (256,447,689)
(668,189)
$ (257,115,878)
2,959,425
16,201,061
19,160,486
$
66,747,794
$ (280,897,533)
(623,844)
$ (281,521,377)
SO URCE: United ISD Division of Business and Finance

*Note: As of September 1, 2014, the Child Nutrition Program changed fund type from Proprietary to General Fund
136
2009
$
198,228,414
6,518,811
1,680,531
7,747,936
20,136,883
12,875,394
1,857,542
3,535,339
14,216,161
1,126,275
9,753,962
10,788,539
35,397,103
6,532,984
3,805,495
693,390
13,954,641
53,723
340,000
1,367,196
350,610,319
2010
$
20,113,821
20,113,821
219,261,873
5,908,288
1,916,130
7,702,645
20,779,259
13,415,106
1,905,268
3,935,196
14,285,001
1,376,096
9,546,023
10,443,307
36,116,469
6,479,502
2,616,363
632,578
18,040,532
86,970
150,000
1,445,218
376,041,824
2011
$
21,084,421
21,084,421
211,042,761
7,224,018
1,530,017
8,066,447
23,836,381
13,434,198
2,018,124
3,870,111
15,465,438
1,052,070
10,021,031
9,917,718
35,292,525
6,479,893
2,822,259
632,155
13,174,257
440,118
50,000
1,462,974
367,832,495
2012
$
22,141,230
22,141,230
207,813,530
5,897,778
3,498,443
5,919,283
24,181,092
13,297,348
2,165,119
3,911,794
14,774,076
1,270,044
9,694,125
9,893,904
34,439,394
6,507,415
2,494,197
587,563
16,773,453
511,360
149,209
1,531,524
365,310,650
2013
$
22,440,393
22,440,393
205,406,211
5,730,195
3,632,984
5,980,158
23,216,100
13,457,019
2,259,557
3,804,290
15,550,667
1,461,053
9,850,231
10,172,256
34,832,427
6,288,488
2,417,038
481,987
10,619,300
321,670
125,359
1,606,566
357,213,558
2014
$
22,810,717
22,810,717
223,979,173
6,075,992
3,676,865
7,117,256
24,183,804
14,318,274
2,500,298
4,214,091
16,330,819
1,641,981
11,533,934
11,203,552
37,021,667
6,908,722
2,975,852
465,737
9,388,093
1,100,666
185,220
1,794,836
386,616,832
2015
$
24,356,356
24,356,356
232,355,416
6,339,147
4,006,032
8,615,248
25,089,800
15,067,057
2,871,387
4,537,741
17,558,146
28,327,353
12,478,996
11,922,646
40,111,269
8,420,975
2,765,522
461,278
10,937,640
1,385,013
147,255
2,043,065
435,440,986
-
370,724,140
397,126,245
389,973,725
387,751,042
380,024,275
410,973,188
435,440,986
1,420
951,911
502,887
48,458,746
49,914,964
15
7,795
1,606,887
64,443,915
66,058,612
50
3,608
1,654,913
71,801,468
73,460,039
1,706,003
41,039,568
42,745,571
5,539
1,701,705
40,968,845
42,676,089
1,479,283
281,736
2,269,409
739,642
43,250,456
48,020,526
1,868,764
22,741
2,953,125
934,382
69,839,518
75,618,530
2,915,169
17,028,120
19,943,289
$
69,858,253
$ (300,695,355)
(170,532)
$ (300,865,887)
3,080,211
18,854,547
21,934,758
$
87,993,370
$ (309,983,212)
850,337
$ (309,132,875)
3,123,567
19,875,091
22,998,658
$
96,458,697
$ (294,372,456)
857,429
$ (293,515,027)
2,899,295
19,306,359
22,205,654
$
64,951,225
$ (322,565,079)
(234,739)
$ (322,799,818)
137
2,922,539
20,022,487
22,945,026
$
65,621,115
$ (314,537,469)
134,309
$ (314,403,160)
2,926,721
20,843,751
23,770,472
$
71,790,998
$ (338,596,306)
(585,884)
$ (339,182,190)
75,618,530
$ (359,822,456)
$ (359,822,456)
SCHEDULE 3
GENERAL REVENUES AND TOTAL CHANGE IN NET POSITION*
Fiscal Year
Net (Expense)/Revenue
Total Primary Government net expense
2006
2007
2008
2009
$ (229,780,825)
(123,904)
$ (229,904,729)
$ (256,447,689)
(668,189)
$ (257,115,878)
$ (280,897,533)
(623,844)
$ (281,521,377)
$ (300,695,355)
(170,532)
$ (300,865,887)
General Revenues and Other Changes in Net Assets

Governmental activities:
Taxes:
Property taxes levied for general purposes
$
Property taxes levied for debt service
Unrestricted state aid - formula grants
Unrestricted grants and contributions
Investment Earnings
Miscellaneous local & intermediate revenue
Transfers In (Out)
Special Item
Total governmental activities
Investment Earnings
Transfers In (Out)
Total business-type activities
Total primary government
Changes in Net Position
Total primary government
85,819,152
14,169,460
129,262,019
2,398,018
6,735,082
4,461,286
242,845,017
102,924
102,924
96,020,857
16,016,178
154,090,389
3,695,823
7,480,003
1,980,407
8,214,979
287,498,636
52,368
52,368
17,457
17,457
$ 305,313,356
$ 317,220,699
242,947,941
287,605,329
13,064,192
(20,980)
13,043,212
31,050,947
(561,496)
30,489,451
24,363,456
(571,476)
23,791,980

*Note:
As of September 1, 2014, the Child Nutrition Program changed fund type from Proprietary Fund to General Fund
138
94,063,168
14,147,952
199,460,770
2,890,363
2,797,119
3,843,870
317,203,242
106,693
106,693
82,834,685
12,454,204
197,350,265
695,642
5,580,829
6,345,363
305,260,988
16,507,887
(153,075)
16,354,812
2010
2011
2012
2013
2014
2015
$ (309,983,212)
850,337
$ (309,132,875)
$ (294,372,456)
857,429
$ (293,515,027)
$ (322,565,079)
(234,739)
$ (322,799,818)
$ (314,537,469)
134,309
$ (314,403,160)
$ (338,596,306)
(585,884)
$ (339,182,190)
$ (359,822,456)
$ (359,822,456)
$ 95,684,363
14,248,414
194,010,773
2,260,041
493,125
8,543,343
315,240,059
$ 97,390,939
14,501,237
201,783,637
3,300,945
253,034
6,937,825
324,167,617
$ 105,712,632
15,742,191
191,545,321
5,763,733
295,174
6,976,703
326,035,754
$ 121,901,454
18,158,113
178,259,671
5,252,728
221,009
6,106,382
329,899,357
$ 133,938,821
19,945,259
177,180,209
5,073,269
171,798
3,238,658
339,548,014
$ 154,008,688
25,890,352
178,339,308
5,896,278
349,021
4,179,319
1,121,000
369,783,966
5,052
5,052
2,722
2,722
1,248
1,248
2,440
2,440
1,086
1,086
$ 315,245,111
$ 324,170,339
$ 326,037,002
$ 329,901,797
$ 339,549,100
$ 369,783,966
$ 29,795,161
860,151
$ 30,655,312
$ 15,361,888
136,749
$ 15,498,637
5,256,847
855,389
6,112,236
3,470,675
(233,491)
3,237,184
139
951,708
(584,798)
366,910
9,961,510
9,961,510
SCHEDULE 4
FUND BALANCES FOR GOVERNMENTAL FUNDS, (1)
(modified accrual basis of accounting)
Fiscal Year
2007
2008
2006
2009
General Fund
Reserved
Unreserved
Nonspendable Fund Balance
Restricted Fund Balance
Committed Fund Balance
Assigned Fund Balance
Unassigned Fund Balance
$ 5,268,244 $ 11,619,289 $ 14,262,118 $ 17,463,242

35,257,691
46,348,398
57,377,873
65,153,943
-
Total General Fund
$ 40,525,935 $ 57,967,687 $ 71,639,991 $ 82,617,185
All Other Governmental Funds

Reserved
Unreserved, Reported in:
Special Revenue Funds
Capital Projects Funds
Permanent Funds
Restricted
Capital Acquisition and Contractual Obligation
Retirement of Long Term Debt
Assigned Fund Balance
Total All Other Governmental Funds
$ 70,487,433 $ 49,401,928 $ 22,867,979 $ 7,918,620

1,332,291
517,089
-
1,933,533
2,534,115
-
1,298,383
4,134,415
-
596,278
788,877
50,803
$ 72,336,813 $ 53,869,576 $ 28,300,777 $ 9,354,578
Note: (1) Fiscal Year 2011, the District Implemented GASB 54 which changed the fund balance
Classifications to Nonspendable, Restricted, Committed, Assigned and Unassigned.
140
2010
2011
2012
2013
2014
2015
$ 30,295,665 $ 24,888,911 $
- $
- $
- $
66,318,407
77,773,921
2,533,011
5,082,494
1,162,466
1,645,948
10,868,204
770,233
1,966,951
5,151,728
5,780,000
2,006,587
1,260,020
1,260,020
2,646,588
125,000
125,000
125,000
68,914,599
84,099,527
82,770,996
81,761,040
$ 96,614,072 $ 102,662,832 $ 90,742,402 $ 92,083,841 $ 87,285,433 $ 89,943,736
$ 5,640,921 $ 5,992,730 $
- $
- $
- $
614,629
293,048
51,672
4,365,877
3,957,607
94,682,164
3,440,132
158,445,731
4,638,945
957,188
649,748
722,289
856,153
$ 6,600,270 $ 5,992,730 $ 5,323,065 $ 4,607,355 $ 98,844,585 $ 163,940,829
141
SCHEDULE 5
GOVERNMENTAL FUNDS REVENUES, (1)
2006
Fiscal Year
2007
2008
$ 104,705,900
6,176,767
1,000,971
771,079
-
$ 117,324,638
7,647,948
794,523
130,964
43,863
$ 97,226,229
11,080,119
174,600
865,945
6,862
112,654,718
125,941,936
109,353,755
REVENUE FROM STATE SOURCES:

Per Capita and Foundation
Teacher Retirement System On-Behalf Payments
Other State Programs
Other Governmental Agencies
Total Revenue from State Sources
120,598,042
9,545,617
15,781,556
145,925,215
148,426,362
10,526,151
13,151,059
172,103,572
187,892,393
13,973,327
17,185,326
219,051,046
REVENUE FROM FEDERAL SOURCES:

Federally Distributed
Elementary and Secondary Education Act
Individuals with Disabilities Education Act
Vocational Education - Non Foundation
Other State Distributed Federal Programs
Total Revenue from Federal Sources
4,127,684
14,224,247
5,086,614
464,388
3,226,417
27,129,351
5,678,376
12,100,745
5,637,314
469,700
1,038,277
24,924,411
4,560,468
12,483,281
5,567,915
503,108
1,201,917
24,316,689
$ 285,709,284
$ 322,969,920
$ 352,721,490
SOURCE
REVENUE FROM LOCAL, INTERMEDIATE
AND OUT-OF-STATE SOURCE:
Local Real & Property Taxes
Local Revenue
Co-Curricular, Enterprising Services or Activities
Other Revenue from Local Sources
Revenue from Intermediate Sources
Total Revenue from Local, Intermediate and
Out of State Sources
TOTAL
Notes: (1) Revenues for all governmental fund types of the District are included.
142
2009
2010
2011
2012
2013
$ 108,390,743
3,798,177
249,712
2,174,576
-
$ 111,686,016
1,285,878
322,710
2,361,591
-
$ 113,419,922
4,730,682
772,789
1,001,735
-
$ 125,116,693
7,144,109
381,203
1,494,733
114,613,208
115,656,195
119,925,129
134,136,738
147,609,858
162,355,949
190,267,012
190,141,039
14,266,614
17,246,841
221,654,494
188,807,774
15,073,368
10,619,687
214,500,829
196,062,804
14,954,781
9,670,069
220,687,654
185,125,286
13,139,715
10,849,248
209,114,250
172,749,637
13,088,165
7,006,466
192,844,267
173,212,660
15,189,381
5,980,362
194,382,403
176,085,112
16,079,330
5,010,854
197,175,295
6,018,491
13,326,967
5,563,501
556,152
3,690,275
29,155,386
22,946,242
13,252,179
5,923,186
599,761
3,492,532
46,213,900
28,418,061
16,436,899
7,040,139
499,665
3,803,632
56,198,396
19,566,004
16,428,292
6,833,880
812,702
5,468,979
49,109,857
7,469,023
15,114,823
7,413,122
408,561
1,231,447
31,636,976
6,685,082
15,305,799
7,161,598
641,286
1,327,765
31,121,530
30,803,671
16,041,637
7,905,128
611,094
1,538,278
56,899,808
$ 365,423,088
$ 376,370,924
$ 396,811,179
$ 392,360,845
143
2014
2015
$ 141,605,286 $ 156,090,279 $ 181,790,139

1,144,024
1,496,425
2,711,137
341,243
343,220
519,135
4,519,305
4,426,025
5,246,600
$ 372,091,101 $ 387,859,883 $ 444,342,115
SCHEDULE 6
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
Fiscal Ye ar
2006
Revenues
Local and Intermediate Sources
T otal Revenues
2007
112,654,718
145,925,215
27,129,351
285,709,284
2008
125,941,936
172,103,572
24,924,411
322,969,919
2009
109,353,755
219,051,046
24,316,689
352,721,490
114,613,208
221,654,494
29,155,386
365,423,088
Expenditures
Instruction
School Leadership
Health Services
Food Services
Co curricular/Extracurricular Activities
Plant Maintenance and Operations
Community Services
Debt Service
Principal
Interest
Capital Outlay
Juvenile Justice Alternative Education Program
T otal Expenditures
148,952,053
3,681,830
1,809,501
5,852,143
15,507,455
10,080,340
1,312,067
2,639,914
9,032,644
920,571
5,746,774
9,220,650
25,427,716
3,811,804
3,089,468
489,487
158,629,476
4,107,625
1,895,697
6,500,092
17,218,423
11,026,728
1,504,195
2,916,702
11,735,726
689,014
6,828,637
10,712,382
30,258,734
5,467,541
3,292,207
821,168
177,987,977
4,585,406
1,496,840
7,041,016
18,687,415
12,239,683
1,656,303
3,219,802
13,950,938
855,615
7,830,243
9,561,912
32,664,527
6,392,764
3,949,277
756,444
189,310,311
6,089,378
1,708,719
7,720,401
19,768,658
12,870,610
1,857,507
3,535,272
14,889,458
825,563
8,546,936
10,257,701
35,169,398
6,605,368
4,144,167
693,337
12,991,919
13,467,706
9,120
30,525,384
129,859
304,698,405
14,299,062
12,833,610
66,195
31,433,874
332,237,086
16,130,031
14,610,492
14,938
29,217,824
335,000
1,336,878
364,521,325
18,312,531
12,047,568
53,723
25,259,116
340,000
1,367,196
381,372,918
Excess of Revenues over (under) Expenditures
(18,989,121)
(9,267,167)
(11,799,835)
(15,949,830)
100,000
(100,000)
-
7,934,996
5,100,000
552,385
(5,100,000)
(8,460,678)
26,703
4,295,000
2,600,000
(2,600,000)
(4,391,660)
(96,660)
630,824
7,350,000
2,600,000
(2,600,000)
7,980,824
Other Financing Sources

Proceeds from Capital Leases
Capital-related Debt Issued (Regular Bonds)
Sale of Real and Personal Propery
Capital Leases
Non-Current Loans
T ransfers In
Premium or Discount on Issuance of Bonds
Other Resources
T ransfers Out (Use)
Payment to Bond Refunding Escrow Agent (Use)
Other (Uses)
T otal Other Financing Sources (Uses)
Special Items
(18,989,121) $
Debt Service as a % of noncapital expenditures
9.7%

144
8,214,979
(1,025,485) $
9.0%
(11,896,495) $
9.2%
(7,969,006)
8.7%
2010
$
2011
115,656,194
214,500,829
46,213,900
376,370,923
119,925,129
220,687,654
56,198,396
396,811,179
2013
131,805,321
208,545,124
29,803,498
370,153,943
2014
147,609,856
192,844,267
31,636,976
372,091,099
2015
162,355,949
194,402,656
31,121,530
387,880,135
190,267,012
197,175,295
56,899,808
444,342,115
208,996,060
5,527,233
1,916,025
7,748,570
20,397,796
13,407,047
1,904,948
3,935,076
13,063,490
835,813
8,319,054
10,012,412
37,404,942
6,535,366
3,021,417
632,488
201,340,969
7,108,524
1,531,043
8,065,085
23,465,277
13,431,311
2,018,202
3,874,130
14,672,833
516,208
8,731,691
9,408,153
34,728,560
6,327,823
2,715,166
632,213
197,668,134
5,435,293
3,514,087
5,878,501
23,810,245
13,291,716
2,164,835
3,909,815
14,843,913
751,984
8,454,804
9,501,513
34,553,975
6,487,867
2,379,430
587,518
193,534,397
5,128,676
3,608,754
5,870,846
22,572,833
13,347,824
2,251,108
3,782,179
13,450,739
892,821
8,508,452
9,995,629
35,186,369
6,210,294
2,230,517
482,027
212,302,166
5,491,618
3,669,299
7,151,383
23,738,482
14,291,934
2,497,283
4,207,595
16,805,961
1,070,059
10,187,140
10,949,141
35,116,967
7,070,558
2,893,589
465,587
224,477,025
5,867,266
4,120,596
8,693,629
24,922,267
15,280,247
2,889,271
4,578,148
15,510,999
27,442,986
11,288,287
11,751,236
37,451,418
8,287,962
2,603,422
467,703
18,779,807
11,787,501
86,970
11,312,047
150,000
1,445,218
387,219,280
19,074,614
11,361,938
440,119
20,832,731
50,000
1,462,974
391,789,564
19,709,362
10,057,477
511,360
18,082,220
149,209
1,531,524
383,274,781
20,064,816
9,474,880
321,670
13,149,291
125,359
1,606,566
371,796,048
20,040,427
8,565,931
1,100,666
16,507,189
185,220
1,794,836
406,103,031
19,870,869
11,386,050
1,385,013
46,779,544
147,255
2,043,065
487,244,258
(18,222,896)
(42,902,143)
6,558,592
12,020,000
87,690,000
285,000
13,836,877
(285,000)
(12,443,752)
107,661,717
48,270,000
87,960,000
1,121,000
4,956,966
19,353,112
(54,156,617)
107,504,461
(10,848,357)
5,021,615
(13,120,838)
4,650,938
17,440,000
4,004,291
(4,004,291)
22,090,938
34,000,000
4,250,000
4,339,921
(4,262,882)
(37,907,432)
419,607
45,890,000
2,700,000
4,111,142
(2,700,000)
(49,470,398)
530,744
2012
11,242,581
8.1%
5,441,222
8.2%
295,052
22,665,000
1,500,000
3,469,886
(1,500,000)
(25,804,208)
330,678
(12,590,094) $
625,730
8.2%
8.3%
145
89,438,821
7.4%
64,602,318
7.1%
SCHEDULE 7
GENERAL GOVERNMENTAL LOCAL REVENUES BY SOURCE
2006
Fiscal Year
2007
2008
2009
Local Revenue
School Age Child Care
$
827,445 $ 1,020,045 $ 1,170,574 $ 1,180,477
Property Taxes
101,239,313
116,272,191
97,226,229
108,390,743
Sale of Weighted Average
2,359,954
1,329,343
Tuition and Fees
1,128
1,420
County Available
270,573
1,247,458
701,683
Facilities Rent
29,025
41,821
21,139
17,080
Gifts and Bequests
9,359
171,065
50,000
Insurance Recovery
1,558,583
Other Local Revenues
271,805
120,681
865,945
154,348
Athletic Activity
173,526
214,624
174,600
249,712
Summer Feeding Program
7,413
7,115
6,862
7,531
Preg., Educ. and Parenting Prog
46,491
36,748
34,138
Campus Activity Funds
499,624
579,899
798,083
Coca Cola Fund
169,000
150,000
150,000
H2O Grant
7,336
Lamar Bruni Vergara Trust
11,216
79,375
Texas Music Project
356
Interest-Investment
6,748,975
7,480,003
5,580,828
2,797,118
Teacher Minigrant Program
2,113
1,500
Total Local Revenue
$ 112,654,718 $ 125,941,936 $ 109,353,754 $ 114,613,208

146
2010
2011
2012
2013
2014
2015
1,207,537 $ 1,214,809 $ 1,250,618 $ 1,319,930 $ 1,461,600 $ 1,480,197

111,686,016
113,419,922
125,116,693
141,605,286
156,090,279
181,790,139
15
50
105
547,598
361,641
553,680
853,132
1,284,001
1,902,154
76,640
86,792
58,115
93,967
40,626
59,779
30,399
32,040
4,900
39,800
41,700
220
40,758
4,803
385,621
4,201,342
2,821,893
293,895
446,431
1,437,237
322,710
353,312
381,203
288,211
258,797
325,512
7,795
3,609
3,501
5,539
4,032
3,627
5,188
19,864
17,830
11,315
8,411
755,451
3,602,709
2,889,967
2,547,270
2,864,435
150,000
17,000
493,126
253,033
296,422
196,337
171,798
349,021
1,500
$ 115,656,195 $ 119,925,129 $ 134,136,738 $ 147,609,858 $ 162,355,949 $ 190,267,012
147
SCHEDULE 8
ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
Fiscal
Year
Ended
August 31
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Real Property
Residential
Commercial
Property
Property
$ 3,818,386,731
$4,797,159,309
4,329,303,998
4,777,147,891
4,806,963,976
5,406,598,046
4,938,237,218
5,577,215,940
5,036,527,720
5,721,112,556
5,011,370,512
6,466,883,775
4,892,411,379
7,683,575,715
5,020,661,285
8,666,501,565
5,225,568,865
10,470,344,583
5,594,113,025
11,308,113,243
Personal
Property
$ 1,047,539,360
1,144,268,656
1,335,152,668
1,362,375,747
1,335,627,322
1,521,662,447
1,845,210,671
2,248,324,838
2,264,069,829
2,617,720,724
Source: United ISD Tax Department
148
Less:
Tax Exempt
Real Property
$ 1,918,738,513
2,075,467,294
2,319,179,666
2,482,383,928
2,587,019,556
2,672,060,820
2,720,138,083
2,929,757,552
3,012,278,496
3,386,080,899
Total
Taxable
Assessed
Value
$ 7,744,346,887
8,175,253,251
9,229,535,024
9,395,444,977
9,506,248,042
10,327,855,914
11,701,059,682
13,005,730,136
14,947,704,781
16,133,866,093
Total
Direct
Tax
Rate
$ 1.474
1.185
1.185
1.195
1.195
1.195
1.195
1.195
1.215
1.225
Estimated
Assessed
Actual
Value as a
Taxable
Percentage of
Value
Actual Value
$ 9,179,931,130
84.36%
9,738,184,518
83.95%
10,971,278,956
84.12%
11,283,937,460
83.26%
11,488,604,218
82.75%
12,349,920,897
83.63%
13,700,137,877
85.41%
15,138,713,304
85.91%
17,061,984,113
87.61%
18,543,949,642
87.00%
149
SCHEDULE 9
PROPERTY TAX RATES
DIRECT AND OVERLAPPING GOVERNMENTS
2006
Direct Tax Rate
Maintenance and Operations
Interest and Sinking
Total Direct Tax Rate
Fiscal Year
2007
2008
2009
$ 1.264
0.211
1.475
$ 1.030
0.155
1.185
$ 1.030
0.155
1.185
$ 1.040
0.155
1.195
Overlapping Tax Rates

City of Laredo
Webb County & R&B
Laredo Community College
City of Rio Bravo
City of El Cenizo
Webb County Drainage District
Total Overlapping Tax Rates
0.637
0.421
0.231
0.500
0.500
0.092
2.381
0.634
0.420
0.222
0.500
0.500
0.079
2.355
0.637
0.420
0.221
0.500
0.500
0.066
2.344
0.637
0.420
0.227
0.500
0.500
0.064
2.348
Total Direct and Overlapping

Tax Rates
$ 3.856
$ 3.540
$ 3.529
$ 3.543
Source: Webb County Appraisal District
150
2010
2011
2012
2013
2014
2015
$ 1.040
0.155
1.195
$ 1.040
0.155
1.195
$ 1.040
0.155
1.195
$ 1.040
0.155
1.195
$ 1.040
0.175
1.215
$ 1.040
0.185
1.225
0.637
0.420
0.238
0.500
0.500
0.064
2.359
0.637
0.420
0.259
0.500
0.500
0.064
2.380
0.637
0.420
0.258
0.500
0.500
0.064
2.379
0.637
0.420
0.255
0.500
0.500
0.064
2.376
0.637
0.415
0.297
0.500
0.500
0.059
2.408
0.637
0.415
0.330
0.500
0.500
0.059
2.441
$ 3.554
$ 3.575
$ 3.574
$ 3.571
$ 3.623
$ 3.666
151
SCHEDULE 10
PRINCIPAL PROPERTY TAXPAYERS
AUGUST 31, 2014
2015
Taxpayer
Lewis Petro Properties
SM Energy Company
Rosetta Resources Inc
Chesapeake Operating Inc
Anadarko E&P Onshore LLC
Gates Mineral Company Ltd
Regency Field Services
Escondido Resources II LLC
Fasken Oil & Ranch Ltd
SN Catatrina LLC
Calpine Natural Gas LP
Conoco Phillips
Chevron Texaco
AEP Central Power Light
Laredo/MDN Limited Partnership
Columbus Energy Corp
Laredo Regional Medical Center
EOG Resources
Killam Oil Co Ltd
Taxable
Assessed
Value
Rank
1,133,284,130
992,994,300
525,515,770
418,560,110
406,306,490
304,741,690
224,673,489
180,542,690
167,633,850
161,857,350
1
2
3
4
5
6
7
8
9
10
2006
Percentage of
Total Taxable
Assessed
Value
7.02 % $
6.15
3.26
2.59
2.52
1.89
1.39
1.12
1.04
1.00
4,516,109,869
27.99 % $
152
Taxable
Assessed
Value
Percentage of
Total Taxable
Assessed
Rank
Value
86,638,980
1.37 %
83,523,890
70,100,830
58,734,790
51,981,830
48,471,070
46,112,170
42,232,630
40,997,000
33,722,930
2
3
4
5
6
7
8
9
10
1.32
1.11
0.93
0.82
0.77
0.73
0.67
0.65
0.53
562,516,120
8.90 %
SCHEDULE 11
PROPERTY LEVIES AND COLLECTIONS
Fiscal Year
Ended
Total Tax
Levy for
Fiscal Year
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
$ 113,267,095
95,866,850
108,147,626
111,038,081
112,407,769
122,310,106
138,858,408
154,451,096
180,574,086
(1)
Note:
Collected within the

Fiscal Year of the Levy
Amount
% of Levy
$ 110,228,611
92,907,052
103,754,243
106,384,678
108,335,724
119,888,033
137,097,884
152,440,179
177,875,484
(1)
97.32 %
96.91
95.94
95.81
96.38
98.02
98.73
98.70
98.51
(1)
(1) Data Not Available.
153
Collections
Subsequent
Years
$ 3,791,561
3,225,314
3,016,771
3,545,312
3,216,618
4,203,316
3,422,383
2,947,493
2,698,602
(1)
Total Collections to Date

Amount
% of Levy
$ 114,020,172
96,132,367
106,771,014
109,929,990
111,552,342
124,091,349
140,520,267
155,387,672
180,574,086
(1)
97.32 %
96.91
95.94
95.81
96.38
98.02
98.73
98.70
98.51
(1)
SCHEDULE 12
RATIOS OF NET BONDED DEBT TO TAXABLE ASSESSED (1)
Fiscal Year
Ended
August 31,
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Notes:
Estimated
Actual Taxable
Value
9,179,931,130
9,738,184,518
10,971,278,956
11,283,937,460
11,488,604,218
12,349,920,897
13,700,137,877
15,138,713,304
17,061,984,113
18,543,949,642
Gross Bonded (2)

Amounts
Debt
Available for
Assessment Outstanding at Retirement of
Ratio
Year End
Bonds
100% $
100%
100%
100%
100%
100%
100%
100%
100%
100%
312,636,614 $
309,125,180
296,356,025
283,107,705
269,546,927
255,947,589
246,506,550
233,309,257
318,188,064
403,728,350
8,342,541 $
10,313,711
7,052,754
4,883,637
4,573,846
4,943,715
4,365,877
3,957,607
3,440,132
4,638,945
Net Bonded
Debt
Outstanding at
Year End
Ratio Net
Bonded Debt
to Estimated
Actual Taxable
Value
304,294,073
298,811,469
289,303,271
278,224,068
264,973,081
251,003,874
242,140,673
229,351,650
314,747,932
399,089,405
3.31%
3.07%
2.64%
2.47%
2.31%
2.03%
1.77%
1.52%
1.84%
2.15%
Population and income data consists of metropolitan statistics for Webb County, where U.I.S.D. is located.
(1) Demographic information used for these items is the latest available information.
(2) Notes to the Financial Statements-Audited Financial Statements.
(3) Data unavailable for Fiscal Year 2014 and 2015.
(4) Net Bonded Debt is calculated by dividing Net Bonded Debt Outstanding into Personal Income
(5) Net Bonded Debt per Capita is calculated by multiplying Per Capita to Debt as a % of Personal Income

U. S. Census Bureau-www.census.gov
154
PPFCO
Outstanding
at Year End
$
13,780,000
11,705,000
9,545,000
14,910,000
30,435,000
28,745,000
26,995,000
25,254,100
23,490,000
21,655,000
Per Capita
Population (1) Income (1)
225,982 $
230,850
235,932
241,438
250,304
263,985
270,381
262,495
252,309
N/A (3)
21,012 $
21,994
23,598
23,190
22,469
21,518
21,429
14,797
N/A (3)
N/A (3)
Debt as a
Percentage
of Personal
Personal Income (1) Income (4)
4,748,324,000
5,077,310,000
5,567,524,000
5,598,974,000
5,624,141,000
5,680,382,000
5,793,990,000
3,884,138,515
N/A (3)
N/A (3)
155
6.41% $
5.89%
5.20%
4.97%
4.71%
4.42%
4.18%
5.90%
N/A (3)
N/A (3)
Estimated
Net Bonded Actual Taxable
Debt Per
Value
Capita (5)
Per Capita
1,347 $
1,294
1,226
1,152
1,059
951
896
874
N/A (3)
N/A (3)
40,622
42,184
46,502
46,736
45,899
46,783
50,670
57,672
67,623
N/A (3)
SCHEDULE 13
LEGAL DEBT MARGIN INFORMATION
Fiscal Year
2007
2006
Debt Limit
Total net debt applicable to limit

Legal debt margin
927,495,893 $ 1,025,072,055 $ 1,154,871,469

304,294,073
2008
294,972,452
294,972,452
623,201,820 $ 730,099,603 $ 859,899,017
Total net debt applicable to the limit

as a percentage of debt limit
32.81%
156
28.78%
25.54%
2009
2010
2011
2012
2013
$ 1,187,782,891 $ 1,209,326,760 $ 12,999,916,734 $ 1,437,312,050 $ 1,593,548,769 $

282,389,588
$
262,227,282
232,202,231
216,676,915
217,085,185
905,393,303 $ 947,099,477 $ 12,767,714,503 $ 1,220,635,135 $ 1,376,463,584 $
23.77%
21.68%
1.79%
15.08%
13.62%
2014
2015
1,795,998,328 $
289,936,863
1,951,994,699
399,089,405
1,506,061,465 $
16.14%
1,552,905,294
20.45%
Legal Debt Margin Calculation for Fiscal Year 2015

Assessed Value
Add back: exempt real property
Total assessed value
$ 16,133,866,093
3,386,080,899
19,519,946,992
Debt limit (10% of total assessed value)

Debt applicable to limit:
General obligation bonds
Less: Amount set aside for repayment of
general obligation debt
Total net debt applicable to limit
Legal debt margin
1,951,994,699
403,728,350
(4,638,945)
399,089,405
$
157
1,552,905,294
SCHEDULE 14
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF AUGUST 31, 2015
Debt
Outstanding (1)
Governmental Unit
City of Laredo
County of Webb
City of Rio Bravo
City of El Cenizo
Estimated
Percentage
Applicable (2)
296,815,000
69,071,000
163,198,350
-
78 %
80
78
100
100
Estimated
Share of
Overlapping
Debt
$ 232,881,049
55,408,756
128,045,425
-
Subtotal, overlapping debt
416,335,231
United Independent School District Debt
403,728,350
Total direct and overlapping debt
Notes:
$ 820,063,581
(1) The percentage of overlapping debt applicable is estimated using taxable assessed property values.
(2) Divide the shared assessed valuation of taxable property by the total assessed value of taxable property within the
overlapping taxing body
158
SCHEDULE 15
DEMOGRAPHIC AND ECONOMIC INFORMATION (1)
AUGUST 31, 2015
Fiscal
Year
Population
2005
220,971
2006
225,982
2007
Personal
Income
6.0%
31,464
73.2%
4,748,324
21,012
5.4%
33,167
74.1%
230,850
5,077,310
21,994
4.7%
34,845
72.4%
2008
235,932
5,567,524
23,598
5.4% S
37,712
71.4%
2009
241,438
5,624,141
23,294
8.5% S
37,136
72.8%
2010
250,304
5,624,141
22,469
8.91% S
37,811
75.2%
2011
263,985
5,680,382
21,518
8.2% E
38,839
75.8%
2012
244,778
5,793,990
23,670
7.1% E
39,092
74.4%
2013
248,142
7,114,194
27,102
6.6% P
39,671
73.9%
2014** (3)
252,309
N/A
N/A
5.4% P
40,136
73.4%
N/A
N/A
N/A
4.6% P
40,373
N/A
Notes:
4,454,781
Percentage
Average
Economically
Unemployment
Daily
Disadvantaged
Rate (2)
Attendance
Students
20,160
2015 (3)
Per
Capita
Personal
Income
(1) Data consists of metropolitan statistics for Webb County, where U.I.S.D. is located
(2) Data was updated by the U. S. Department of Labor Statistics:
(S) Reflects adjustments to new state control totals
(E) Reflects revised inputs, reestimation, and adjustment to new state control totals
(P) Preliminary
(3) Data unavailable for FY 2014 and FY 2015.
Source: U.S. Department of Labor Statistics-www.bls.gov/cps

Texas Department of State Health Services-www.dshs.state.tx.us
U.S. Census Bureau-www.census.gov
Texas Education Agency-Summary of Finance and Standard Reports
159
SCHEDULE 16
PRINCIPAL EMPLOYERS
CURRENT YEAR AND NINE YEARS AGO
2015
Employer
Employees
2006
Percentage of
Total County
Rank Employment
Employees
Percentage of
Total County
Rank Employment
6,282
20.3%
4,876
21.2%
Laredo Independent School District
4,289
13.9%
3,587
15.6%
City of Laredo
2,465
8.0%
2,084
9.1%
Laredo Sector Border Patrol
2,100
6.8%
0.0%
US CBP-Customs Field Officers
1,950
6.3%
1,628
H.E.B. Grocery Company
1,800
5.8%
1,285
5.6%
McDonald's Restaurant
1,540
5.0%
1,333
5.8%
Webb County
1,500
4.8%
1,270
5.5%
Laredo Medical Center (formerly Mercy Hosp
1,500
4.8%
1,700
7.4%
Texas A&M International University
1,325
4.3%
1,027
4.5%
Wal-Mart
1,171
10
3.8%
934
11
4.1%
Convergys
940
11
3.0%
0.0%
929
12
3.0%
831
12
3.6%
Doctors Hospital of Laredo
718
13
2.3%
680
13
3.0%
International Bank of Commerce
661
14
2.1%
597
14
2.6%
Stripes (28 units)
523
15
1.7%
287
17
1.2%
Laredo Energy Arena
266
16
0.9%
400
16
1.7%
Border Region MHMR
250
17
0.8%
250
19
1.1%
Target Greatland
245
18
0.8%
248
20
1.1%
Anderson Columbia
250
19
0.8%
0.0%
Gateway Community Health Clinic
231
20
0.7%
0.0%
Source: United ISD-Human Resources Department

Laredo Development Foundation and United ISD Human Resources Department.
160
SCHEDULE 17
FULL-TIME EQUIVALENT DISTRICT EMPLOYEES BY FUNCTION
Full-time Equivale nt Employe e s as of August 31
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Te ache rs
Pre-Kindergarten
Kindergarten
Elementary (1-5)
Middle School (6-8)
243
n/a
911
n/a
237
n/a
970
n/a
260
n/a
999
n/a
n/a
1,026
n/a
n/a
1,034
n/a
n/a
1,060
n/a
n/a
1,151
n/a
Special Education
215
227
231
238
239
212
106
2,176
2,264
2,402
2,501
2,538
2,556
T otal T eachers
n/a
1,045
200
826
n/a
1,004
239
806
n/a
980
261
High School (9-12)
All Grade Levels
912
257
n/a
1,047
n/a
187
n/a
1,158
n/a
1,066
n/a
43
43
149
148
1,008
1,041
469
551
757
724
n/a
n/a
102
97
54
2,504
2,514
2,523
2,561
Support Staff
Athletic T rainer
24
n/a
Counselor
83
87
94
93
91
98
94
96
104
107
Educational Diagnostician
33
32
25
26
25
25
25
25
25
28
Librarian
38
39
40
41
42
42
41
41
41
41
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
LSSP/Psychologist
Orientatn/Mobility Spec (Coms)
Occupational T herapist
n/a
n/a
10
Physcial T herapist
22
n/a
29
School Nurse
43
46
45
46
50
50
50
51
53
54
Social Worker
n/a
n/a
Speech T hrpst/Speech-Lang Path
n/a
n/a
15
19
16
15
12
13
18
23
T ruant Officer/Visit T eacher
n/a
n/a
10
12
14
12
12
11
Other Support Staff
174
232
197
203
168
125
137
148
158
185
418
435
452
467
435
421
398
410
433
475
Admin/Instr Officers
10
n/a
n/a
n/a
n/a
n/a
n/a
Assistant Principals
80
81
90
92
96
97
96
98
101
107
Asst/Assoc/Deputy Superintendent
n/a
n/a
T otal Support Staff

Administrators
n/a
n/a
Ahtletic Director
n/a
n/a
Dir-Personnel/Human Resources
n/a
n/a
Dist Instr Pgm Dir or Exec Dir
n/a
n/a
10
11
61
60
61
60
64
71
Principals
39
40
40
41
41
41
40
39
40
40
Superintendent/CAO/CEO/Pres.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
132
131
152
156
209
209
208
207
215
229
538
625
757
718
752
747
705
711
716
696
Auxiliary Staff
1,897
1,981
1,873
2,139
2,149
2,185
2,187
2,203
2,217
2,210
TO TAL PERSO NNEL
5,161
5,436
5,636
5,980
6,083
6,117
6,001
6,044
6,104
6,171
T ax Assessor/Collector
Asst Superintendents
T otal Administrators
Educational Aide s
SO URCE: T exas Education Agency - Academic Excellence Indicator System Report & Standard Reports
161
SCHEDULE 18
EXPENDITURES, ENROLLMENT AND PER PUPIL COST
Fiscal
Year
Enrollment
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
35,638
37,671
38,887
39,935
40,733
41,708
42,096
42,891
43,515
43,297
Operating
Expenditures
Cost
Per
(All Funds)
Pupil
256,292,843 $
283,652,241
314,228,195
334,667,163
353,276,778
350,923,728
350,043,528
343,380,703
368,731,134
362,711,330
7,192
7,530
8,081
8,380
8,673
8,414
8,315
8,006
8,474
8,377
Percentage
# of
Teaching
PupilTeacher
Percentage
of Students
Receiving
Free or
Reduced-Price
Change
Staff
Ratio
Meals
2.48%
4.49%
6.82%
3.58%
3.37%
-3.08%
-1.18%
-3.87%
5.52%
-1.15%
2,176
2,264
2,402
2,501
2,538
2,556
2,504
2,514
2,523
2,561
Source: Texas Education Agency Academic Excellence Indicator System Report & Standard Reports
162
16.4
16.6
16.2
16.0
16.0
16.3
16.8
17.1
17.2
16.9
74.08%
72.25%
71.30%
72.84%
72.84%
75.75%
74.42%
73.91%
73.34%
N/A
SCHEDULE 19
TEACHER BASE SALARIES
0 Years
Experience
Salary (1)
Fiscal
Year
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
32+ Years
Experience
Salary (1)
36,500 $
39,500
41,000
42,000
43,000
42,500
42,500
42,500
46,500
46,500
54,584 $
57,204
60,044
61,044
61,961
61,461
60,853
60,853
65,798
65,798
Source: (1) United ISD Human Resources Department

(2)Texas Education Agency Standard Reports
163
District
Average
Salary (2)
41,531 $
44,209
45,778
47,291
48,514
49,097
48,817
48,360
50,770
53,015
County
Average
Salary (2)
42,371 $
45,164
46,505
47,938
49,063
49,378
47,442
48,951
50,523
53,344
Statewide
Average
Salary (2)
41,744
44,897
46,178
47,158
48,263
48,639
48,375
48,821
49,692
50,715
SCHEDULE 20
INSTRUCTIONAL CLASSROOM USAGE
AUGUST 31, 2015
School
Year Main
Building
Erecte d Grade s
Pe rmane nt
Building
Classrooms
Pe rmane nt
Bldg Sq
Fe e t
Portable
Classroom Portable
Buildings Re strooms
Total
Square
Fe e t
Stude nt
Capacity
Stude nt
Utiliz ation Enrollme nt
High Schools
UNIT ED HIGH SCHOOL
2009
10 - 12
163
437,249
437,249
3,170
3,056
UNIT ED HIGH SCHOOL - 9T H GRADE
1984
75
211,354
211,930
1,581
1,111
UNIT ED SOUT H HIGH SCHOOL
1989
9 - 12
127
340,166
10
356,102
3,254
3,219
J.B. ALEXANDER HIGH SCHOOL
1994
9 - 12
116
309,219
10
325,155
2,580
2,707
S.T .E.P. ACADEMY
2000
7 - 12
14
22,080
210
122
L.B.J. HIGH SCHOOL
2001
9 - 12
123
329,552
338,768
2,650
2,698
Middle Schools
UNIT ED MIDDLE SCHOOL
1963
6-8
41
118,527
125,247
925
1,073
UNIT ED SOUT H MIDDLE SCHOOL
1991
6-8
49
103,684
10
120,196
1,175
1,357
SALVADOR GARCIA MIDDLE
1995
6-8
44
92,100
92,100
680
483
WASHINGT ON MIDDLE
1995
6-8
44
92,100
10
108,036
1,240
1,308
CLARK MIDDLE SCHOOL
1978
6-8
51
104,008
104,008
675
788
LOS OBISPOS MIDDLE
1996
6-8
44
92,100
98,820
1,000
1,026
T RAUT MANN MIDDLE SCHOOL
1996
7-8
44
92,100
103,428
1,120
1,254
T RAUT MANN 6th GRADE
1971
30
66,300
66,300
475
567
GONZALEZ MIDDLE SCHOOL
2002
6-8
44
101,260
115,660
1,175
1,260
LAMAR-BRUNI VERGARA MIDDLE
2006
6-8
40
97,117
98,653
810
877
NYE ELEMENT ARY
2007
PK - 5
47
104,376
104,376
760
819
CLARK ELEMENT ARY
1973
EE - 5
42
73,000
73,000
500
478
SALINAS ELEMENT ARY
1976
PK - 5
35
61,372
11
78,844
920
844
NEWMAN ELEMENT ARY
1980
PK - 5
41
64,350
64,350
620
605
T RAUT MANN ELEMENT ARY
1982
EE - 5
41
69,308
77,564
960
792
PEREZ ELEMENT ARY
1986
PK - 5
44
72,253
10
88,189
1,143
1,102
FINLEY ELEMENT ARY
1988
PK - 5
40
70,828
70,828
520
491
GUT IERREZ ELEMENT ARY
1992
PK - 5
42
76,460
77,996
660
579
RUIZ ELEMENT ARY
1992
PK - 5
48
77,393
83,537
1,050
926
MAT IAS DE LLANO, JR. ELEMENT ARY
1993
PK - 5
32
66,813
74,493
675
617
KAZEN ELEMENT ARY
1993
PK - 5
34
67,450
70,522
560
550
JUAREZ-LINCOLN ELEMENT ARY
1993
EE - 5
40
72,856
72,856
770
783
PRADA ELEMENT ARY
1994
PK - 5
50
89,355
89,355
760
767
BORCHERS ELEMENT ARY
2002
EE - 5
48
92,880
97,488
986
967
KENNEDY-ZAPAT A ELEMENT ARY
1995
PK - 5
34
68,348
69,884
520
453
COL. SANT OS BENAVIDES ELEMENT ARY
2005
PK - 5
48
92,880
97,488
936
945
ROOSEVELT ELEMENT ARY
1996
PK - 5
46
84,084
84,084
770
731
ZAFFIRINI ELEMENT ARY
1998
PK - 5
46
90,481
11
107,953
1,146
1,134
CUELLAR ELEMENT ARY
1998
PK - 5
46
90,481
90,481
726
663
MULLER ELEMENT ARY
1998
PK - 5
46
90,481
93,553
898
871
ARNDT ELEMENT ARY
1998
PK - 5
46
90,481
100,273
860
882
BONNIE L. GARCIA ELEMENT ARY
2004
PK - 5
48
92,880
102,672
1,011
914
RODOLFO C. CENT ENO ELEMENT ARY
2004
EE - 5
48
92,880
95,952
986
931
MALAKOFF ELEMENT ARY
2005
PK - 5
48
92,880
94,416
848
829
FASKEN ELEMENT ARY
2005
EE - 5
48
92,880
99,024
1,030
949
KILLAM ELEMENT ARY

EARLY COLLEGE CENT ER
2008
1993
PK - 5
1-5
48
40
92,880
72,856
1
-
94,416
72,856
876
770
796
599
Eleme ntary Schools
Note:
Permanent building classrooms are used for instructional settings and not special units, ROTC, etc.
Student capacity = (3 of permanent building classrooms + portable classrooms) x student ratio
Student Ratio: Elementary School Ratio = 1:20; Middle School Ratio = 1:23; High School Ratio = 1:23
Source: (1) United ISD Support Services Planning Department (2) Texas Education Agency Standard Reports
164
Federal
Awards
165
166
INDEPENDENT AUDITORS REPORT ON INTERNAL CONTROL

OVER FINANCIAL REPORTING AND ON COMPLIANCE AND
OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL
STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
Board of Trustees
Laredo, Texas
We have audited, in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States, the financial statements of the governmental
activities, each major fund, and the aggregate remaining fund information of the United Independent
School District (the District) as of and for the year ended August 31, 2015, and the related notes to the
financial statements, which collectively comprise the Districts basic financial statements, and have issued
our report thereon dated December 16, 2015.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Districts internal
control over financial reporting (internal control) to determine the audit procedures that are appropriate in
the circumstances for the purpose of expressing our opinions on the financial statements, but not for the
purpose of expressing an opinion on the effectiveness of the Districts internal control. Accordingly, we
do not express an opinion on the effectiveness of the United Independent School Districts internal
control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees in the normal course of performing their assigned functions, to prevent, or
detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination
of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement
of the Districts financial statements will not be prevented, or detected and corrected on a timely basis. A
significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less
severe than a material weakness, yet important enough to merit attention by those charged with
governance.
167
168
INDEPENDENT AUDITORS REPORT ON COMPLIANCE

FOR EACH MAJOR PROGRAM AND ON INTERNAL CONTROL
OVER COMPLIANCE REQUIRED BY OMB CIRCULAR A-133
Board of Trustees
Laredo, Texas
Report on Compliance for Each Major Federal Program
We have audited the United Independent School Districts (the District) compliance with the types of
compliance requirements described in the OMB Circular A-133 Compliance Supplement that could have a
direct and material effect on each of the Districts major federal programs for the year ended August 31,
2015. The Districts major federal programs are identified in the summary of auditors results section of
the accompanying schedule of findings and questioned costs.
Managements Responsibility
Management is responsible for compliance with the requirements of laws, regulations, contracts, and
grants applicable to its federal programs.
Auditors Responsibility
Our responsibility is to express an opinion on compliance for each of the Districts major federal
programs based on our audit of the types of compliance requirements referred to above. We conducted
our audit of compliance in accordance with auditing standards generally accepted in the United States of
America; the standards applicable to financial audits contained in Government Auditing Standards, issued
by the Comptroller General of the United States; and OMB Circular A-133, Audits of States, Local
Governments, and Non-Profit Organizations. Those standards and OMB Circular A-133 require that we
plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of
compliance requirements referred to above that could have a direct and material effect on a major federal
program occurred. An audit includes examining, on a test basis, evidence about the Districts compliance
with those requirements and performing such other procedures as we considered necessary in the
circumstances.
We believe that our audit provides a reasonable basis for our opinion on compliance for each major
federal program. However, our audit does not provide a legal determination of the Districts compliance.
169
170

Laredo, Texas
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
For the Year Ended August 31, 2015
SECTION I SUMMARY OF AUDITORS RESULTS
Financial Statements
Type of auditors report issued:
Unmodified
Internal control over financial reporting:

Material weakness(es) identified?
Significant deficiency(ies) identified not considered

to be material weaknesses?
Noncompliance material to financial statements noted?
_____Yes
No
Yes
None Reported
_____Yes
No
_____Yes
No
Yes
None Reported
Federal Awards
Internal control over major programs:
Material weakness(es) identified?
Significant deficiency(ies) identified not considered

to be material weaknesses?
Type of auditors report issued on compliance for major
programs
Any audit findings disclosed that are required to be reported
accordance with Circular A-133, Section. 510(a)?
Identification of Major Programs
CFDA Number(s)
84.010A
Unmodified
X
Yes
No
Name of Federal Program or Cluster
ESEA Title I, Part A Improving Basic Programs
Dollar threshold used to distinguish between Type A and Type

B programs:
$1,534,906
X Yes
Auditee qualified as low-risk auditee?
171
No

Laredo, Texas
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
SECTION II FINANCIAL STATEMENT FINDINGS
Program
Findings/Noncompliance
None reported.
SECTION III FEDERAL AWARD FINDINGS AND QUESTIONED COSTS

None reported.
172

Laredo, Texas
SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS
None reported.
173
EXHIBIT K-1 (Cont'd)

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
FEDERAL GANTOR/
PASS-THROUGH GRANTOR/
PROGRAM OR CLUSTER TITLE
Federal
CFDA
Number
U.S. DEPARTMENT OF DEFENSE

Direct Programs
ROTC
12.113
Total Direct Programs
TOTAL DEPARTMENT OF DEFENSE
U.S. DEPARTMENT OF EDUCATION
Passed Through Region I Education Svce Center
Gear Up Project - LBJHS
84.334A
Total Passed Through Region I Education Service Center
Passed Through State Department of Education
ESEA Title I Part A - Improving Basic Programs
84.010A
84.010A
84.010A
Title I, Priority & Focus School Grant
84.010A
84.010A
84.010A
84.010A
84.010A
84.010A
84.010A
84.010A
84.010A
84.010A
84.010A
Total CFDA Number 84.010A
ESEA Title I, Part C-Education of Migratory Children
ESEA Title I, Part C-Education of Migratory Children
IDEA - Part B, Formula
Carl D. Perkins Basic Formula Grant
Carl D. Perkins Basic Formula Grant
Pass-Through
Entity Indentifying
Number
Federal
Expenditures
2015
$
$
$
239,858
239,858
239,858
P334A110180-12
$
$
137,486
137,486
14610101240903
15610101240903
16610101240903
14610112240903009
14610112240903044
14610112240903047
15610112240903009
15610112240903044
15610112240903047
15610112240903053
15610112240903105
15610112240903124
15610112240903127
15610112240903129
75,503
13,472,431
300
950
9,148
10,990
21,751
17,754
16,577
21,294
21,405
20,578
22,192
18,518
13,729,391
84.011A
84.011A
14615001240903
15615001240903
84.027A
84.027A
84.027A
146600012409036600
156600012409036600
166600012409036600
84.048A
84.048A
15420006240903
16420006240903
$
$
$
$
$
$
IDEA - Part B, Preschool

84.173A
ESEA Title II, Part A, Teacher & Principal Training
84.367A
ESEA Title II, Part A, Teacher & Principal Training
84.367A
Title III, Part A-LEP / Immigrant
84.365A
Title III, Part A-LEP / Immigrant
84.365A
Summer School LEP
84.369A
Total Passed Through State Department of Education
TOTAL DEPARTMENT OF EDUCATION
174
156610012409036610
14694501240903
15694501240903
14671001240903
14671001240903
2015
$
$
$
$
$
$
$
$
1,194
464,731
465,925
1,912
7,521,946
162,027
7,685,885
588,368
22,726
611,094
20,842
31,439
1,021,338
1,052,777
27,918
1,919,241
1,947,159
86,312
25,599,385
25,736,871

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
FEDERAL GANTOR/
PASS-THROUGH GRANTOR/
PROGRAM OR CLUSTER TITLE
U.S. DEPARTMENT OF LABOR
Passed Through Texas Workforce Commission
Workforce Solutions for South Texas
Total Direct Programs
TOTAL DEPARTMENT OF HUMAN SERVICES
Federal
CFDA
Number
N/A
EXHIBIT K-1
Pass-Through
Entity Indentifying
Number
Federal
Expenditures
11211C02-2015
$
$
$
9,923
9,923
9,923
U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES

Passed Through Texas Health and Human Services Commission
Medicaid Administrative Claiming (MAC)
93.778
Total Passed Through Health and Human Services
2015
$
$
$
161,496
161,496
161,496
U.S. DEPARTMENT OF AGRICULTURE

Passed Through State Dept. of Education:
National Breakfast Program - Cash Assistance*
National School Lunch Program - Cash Assistance*
Summer Feeding School Program*
USDA Donated Commodities - Non-Cash Assistance
Fresh Fruits and Vegetables Program - Cash Assistance*
Total Passed Through State Department of Education
TOTAL DEPARTMENT OF AGRICULTURE
10.553
10.555
10.559
10.565
10.582
2015
2015
2015
2015
2015
6,964,150
15,944,478
817,762
1,438,406
243,906
25,408,702
25,408,702
U.S. DEPARTMENT OF JUSTICE

Passed Through Department of Justice
Bullet
ll Prooff Vest Grant
Equitable Sharing Agreement
Total Passed Through Health and Human Services
16.607
16.922
$
$
TOTAL EXPENDITURES OF FEDERAL AWARDS

* Clustered Programs as required by Compliance Supplement March, 2011.
175
116880
2015
$
$
$
8,036
82,101
90,137
90,137
51,646,987

Laredo, Texas
NOTES ON ACCOUNTING POLICIES FOR FEDERAL AWARDS
1. The District utilizes the fund types specified in the Texas Education Agency Resource
Guide.
Special Revenue Funds are used to account for resources restricted to, or designated
for, specific purpose 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 Special Revenue Funds are accounted for using a current
financial resources measurement focus. With this measurement focus, only current
assets and current liabilities generally are included on the balance sheet. Operating
statements of these funds present increase (i.e., revenues and other financing sources)
and decreases (i.e., expenditures and other financing uses) in net current assets. Federal
grant funds are considered to be earned to the extent of expenditures made under the
provisions of the grant, and accordingly, when such funds are received, they are
recorded as deferred revenues until earned.
3. The period of availability for federal grants for the purpose of liquidation of
outstanding obligations made on or before the ending date of the federal project period
extended 30 days beyond the federal project period ending date, in accordance with
provisions in Section H. Period of Availability of Federal Funds, Part 3, OMB Circular
A-133 Compliance Supplement.
4. Expenditures for the Nutrition Cluster Program and the Summer Federal Program are
not specifically attributable to the federal revenues sources and are shown on this
schedule in an amount equal to revenue for balancing purposes only.
176

United ISD 2015

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UNITED INDEPENDENT SCHOOL DISTRICT

Year Ended August 31, 2015

Prepared by: The Division of Finance

UNITED INDEPENDENT SCHOOL DISTRICT

UNITED INDEPENDENT SCHOOL DISTRICT

CAFR for the Year Ending August 31, 2015

United Independent School District

United Independent School District

Profile of the Government

CAFR for the Year Ending August 31, 2015

accounting and encumbrance system and monitoring of the expenditures and

United Independent School District

CAFR for the Year Ending August 31, 2015

United Independent School District

CAFR for the Year Ending August 31, 2015

Long-term Facilities Planning

United Independent School District

CAFR for the Year Ending August 31, 2015

United Independent School District

Certificates of Achievement and Excellence

United Independent School District

CAFR for the Year Ending August 31, 2015

UNITED INDEPENDENT SCHOOL DISTRICT

PRINCIPAL DISTRICT OFFICIALS

United Independent School District

CAFR for the Year Ending August 31, 2015

United Independent School District

This Page Intentionally Left Blank

CAFR for the Year Ending August 31, 2015

United Independent School District

This Page Intentionally Left Blank

CAFR for the Year Ending August 31, 2015

INDEPENDENT AUDITORS REPORT

United Independent School District

CAFR for the Year Ending August 31, 2015

United Independent School District

This Page Intentionally Left Blank

CAFR for the Year Ending August 31, 2015

United Independent School District

This Page Intentionally Left Blank

CAFR for the Year Ending August 31, 2015

MANAGEMENTS DISCUSSION AND ANALYSIS

OVERVIEW OF THE FINANCIAL STATEMENTS

United Independent School District

CAFR for the Year Ending August 31, 2015

Reporting the District as a Whole

Reporting the Districts Most Significant Funds

United Independent School District

FINANCIAL ANALYSIS OF THE DISTRICT AS A WHOLE

CAFR for the Year Ending August 31, 2015

Deferred Outflows of Resources:

Deferred Inflows of Resources:

United Independent School District

Sources of Revenues for Fiscal Year 2015

Table A-2 outlines the Districts changes in revenues and expenses.

CAFR for the Year Ending August 31, 2015

Change in Net Position

Net Position -- Beginning

United Independent School District

Instruction & Instruction Related

FINANCIAL ANALYSIS OF THE DISTRICTS FUNDS

CAFR for the Year Ending August 31, 2015

CAPITAL ASSETS AND DEBT ADMINISTRATION