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Plano ISD remains highly focused on all financial matters, including the best ways to maintain and upgrade
facilities, technology and employee benefits and to finance our schools. The school board and district
administrators endeavor to make Plano ISD’s compensation and benefits plan competitive with surrounding
districts while maintaining efficient use of funds. Trustees adopted the 2015-2016 employee compensation plan,
which included a salary increase of 3.0% and
PLANO ISD EMPLOYEE PAY RAISE HISTORY
other financial benefits for the district’s more
2 01 1 -1 2
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than 6,600 employees. Plano ISD also invests Sur round ing A r ea
Aver a g e 0 . 0
2.0
3.0
2.8
2.9
in employees by ensuring the district provides
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.
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3
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3
.
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3.0
great opportunities for educators to grow and
develop professionally.
The Texas Education Agency (TEA) converted School FIRST to
a two-tier rating system of either P for Pass or F for Substandard
Achievement for the 2014-15 rating year. The district achieved
the maximum score of 30 on 7 indicators for a Pass rating. Linda Madon, executive director of financial services, said this
rating shows that Plano ISD’s schools are accountable not only
for student learning, but also for achieving those results cost
effectively and efficiently. The School FIRST report is based on
the district’s annual audit report for the fiscal year that ended
June 30, 2014.
Prior to this year, the School FIRST accountability rating system
assigned one of four financial accountability ratings to Texas
school districts, with the highest being Superior Achievement. Plano ISD has achieved the rating of Superior Achievement since
the inception of the School FIRST rating. 2015 Fi nanci al S ucces s
• 32 consecutive years for a “Certificate of Achievement for Excellence in Financial Reporting” by the Government Finance Officers Association of the U.S. and Canada
• Highest stand-alone credit ratings (Aaa/AA+) carried by any ISD in Texas
• Balanced budget
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EXPENDITURES BY FUNCTION
SUPERIOR FINANCIAL RESULTS
Pl ano IS D Recei ves Top Ratin g f or 13 th Con secu tive
Year through S chool FIRS T S t ate F in a n cia l Ratin g
S ys tem
A
2014-15 FINANCIAL DATA
Assessed Values:
Residential
Commercial/Industrial
Rural
Personal
TOTAL ASSESSED VALUES
$ 22,561,174,000
52.26%
$ 15,716,480,000
36.4 1%
$ 574,806,000
1.33%
$ 4,318,714,000
10.00%
$ 43,171,174,000 100.00%
General Fund Revenue:
Local Funds
State Funds
Federal Funds
Other Resources
TOTAL REVENUE
$
$
$
$
$
448,322,539
47,625,653
6,073,868
3,165,882
505,187,942
88.74 %
9.43%
1.20%
0.63%
100.00%
General Fund Expenditures:
Salary and Benefits
Other Expenses
Other Uses
TOTAL OPERATING COSTS
$ 361,629,322
$
61,287,494
$
22,887,036
$ 445,803,852
81. 1 2%
13.75%
5.1 3%
100.00%
Recapture Payments
TIF Flow-Thru
TOTAL OPERATING
FUND EXPENDITURES
$
$
46,6 03,71 1
3,377,634
$
495,785,197
Cost Per Pupil
$
9,065
The m a rk o f a cco un t a b i li t y
2014-15
“If everyone is moving forward together,
then success takes care of itself.”
Henry Ford
C ur r e n t S t at e F un d i n g L i t i g at i o n
Following the conclusion of the 2011 Texas legislative session, new state funding litigation was filed, and on February 4,
2013 the District Court of Travis County rendered a preliminary ruling that the current system was unconstitutional
based on (1) equity, (2) adequacy and (3) establishment of a de facto statewide property tax (as in the West OrangeCove case). Before the court entered its finding of fact and a final judgment, the 83rd Texas Legislature passed several
INSTRUCTION to consider the impact
69.8%
bills that impacted the claim in the case. The Court granted a motion to reopen the evidence
of
INSTRUCTIONAL
SUPPORT On August 28,
12.4%
the 2013 legislation and held another three week evidentiary hearing beginning on January
21, 2014.
CO/EXTRA CURRICULAR
1.6%
2014 Judge Dietz again ruled the Texas school finance system is unconstitutional by upholding the same three reasons
GENERAL ADMINISTRATION
2.3%
as stated in the preliminary ruling. The attorney general informed attorneys in the case
in September,
2014 that his
DISTRICT
OPERATIONS
13.1%
1,
2015
the state urged
office would appeal the ruling directly to the Texas Supreme Court. A year later on September
OTHER COSTS
0.8%
the Texas Supreme Court to either dismiss or remand the lawsuit. Neither action requested has taken place as of the
date of this report. Experts on this case are expecting a decision to come in early 2016. If the supreme court upholds
the lower court’s ruling, it is anticipated that a special legislative session will be convened in 2016 to address the ruling.
Current Tax Rates
Collin Count y Schools
Allen
$1.6100
Anna
$1.6700
Blue Ridge
$1.5715
Celina
$1.6400
Community
$1.6250
Farmersville
$1.4295
Frisco
$1.4600
Prosper $1.6700
Lovejoy
$1.5600
McKinney
$1.6700
Melissa
$1.6700
Plano
$1.4390
Princeton
$1.6200
Wylie
$1.6400
EXPENDITURES BY FUNCTION
2014-15
INSTRUCTION
INSTRUCTIONAL SUPPORT
CO/EXTRA CURRICULAR
GENERAL ADMINISTRATION
DISTRICT OPERATIONS
OTHER COSTS
EXPENDITURES BY OBJECT
2014-15
69.8%
12.4%
1.6%
2.3%
13.1%
0.8%
EXPENDITURES BY OBJECT
2014-15
SALARY & BENEFITS
CONTRACTED SERVICES/UTILITIES
SUPPLIES & MATERIALS
OTHER OPERATING
CAPITAL OUTLAY
OTHER COSTS
72.9%
17.7%
2.9%
1.8%
0.1%
4.6%
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