Ricardo ISD_LRFP_Committee Meeting 5 Presentation_2022.03.07

Ricardo ISD LRFP Committee Meeting 5 © 2022 TASB, Inc. All rights reserved.

Objectives Welcome, Visioning Financial Project Homework Process, and Review Review District Guiding and Vision and Principles Priorities Charge © 2022 TASB, Inc. All rights reserved.

LRFP Process © 2022 TASB, Inc. All rights reserved.

District Vision Empowering minds and developing individuals for life-long success in a diverse community. © 2022 TASB, Inc. All rights reserved.

Boards Charge Review the current Strategic Plan completed in 2018 and evaluate the data provided by the TASB Team. Then determine: • Is the 2018 plan still valid • What future facility needs should be addressed • Short term and long-term recommendations • Consider financial implications © 2022 TASB, Inc. All rights reserved.

Vision To maximize innovative 21st Century facilities that are diverse, safe, and learning environments to enrich student learning while enhancing RISD's tradition of Excellence, Family, and Community engagement. © 2022 TASB, Inc. All rights reserved.

Guiding Principles • Facilities that are inclusive; supporting all students and programs. • Improve safety, security and health. • Adequate space for instruction, storage, core programs and multi-functional spaces. © 2022 TASB, Inc. All rights reserved.

Financial Review Texas ISDs have access 2 tax rate components: 1. Maintenance & Operations (“M&O) Tax Rate • Used primarily for teacher and staff salaries • Operating the school (i.e., Utility Bills, Buses, Fuel, etc.) • The State calculates the maximum rate for the District 2. Interest & Sinking (“I&S”) Tax Rate •Used only for the repayment of “Voter-Approved” bonds •Rate limited by the State at 50-cents per $100 valuation © 2022 TASB, Inc. All rights reserved.

Financial Review Ricardo ISD: District Property Current Values-$230,968,218 M&O Tax Rate-$0.9707 I&S Tax Rate-$0.00 © 2022 TASB, Inc. All rights reserved.

Budget Comparison 2019-2020 2020-2021 2021-2022 Budget Budget Budget Instruction (11,12,13,91,31,36,61) Student Transportation (34) 5,413,609 5,081,445 4,722,937 Food Services (35) 706,721 508,822 420,607 General Administration (21,23,41) 479,200 400,940 484,653 Plant Maintenance & Operations (51) 594,108 844,493 960,312 Data Processing (53) Debt Service (71) 1,245,469 1,187,036 1,258,088 Facilities Acquisition & Construction (81) 255,843 266,535 213,653 119,853 118,600 114,182 Total Budget 409,951 $8,814,803 $8,407,871 $8,584,383 © 2022 TASB, Inc. All rights reserved.

© 2022 TASB, Inc. All rights reserved.

Tax Rate 2019-2020 2020-2021 2021-2022 M&O I&S $1.0684 $1.0547 $0.9707 $0 $0 $0 History • 2016 Maintenance Tax Notes $456,00 for Renovation of existing facilities • 2016 Maintenance Tax Time Warrants $997,600 for New Bus Barn • Outstanding Balance - $1,026,000 • Combined principal and interest required to pay all outstanding debts obligation $1,140,830 Financial Rating - Superior Rating “A” © 2022 TASB, Inc. All rights reserved.

© 2022 TASB, Inc. All rights reserved.

Capacity Funding and Tax Rate Scenario A Scenario B Scenario C Scenario D Scenario E Impact $2,000,000 $2.000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 M&O (5 Year Span): $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 Program Amount (I&S): Total Amount Available: $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 M&O Tax Rate $0.9707 $0.9707 $0.9707 $0.9707 $0.9707 $0.9707 0.0532 0.1045 0.1562 0.2089 0.2618 I&S Tax Rate (Increase) 0.00 $1.0239 $1.0752 $1.1269 $1.1796 $1.2325 $39.90 $78.38 $117.15 $156.68 $196.35 Total Tax Rate $0.9707 $3.33 $6.53 $9.76 $13.06 $16.36 Annual Tax rate Increase on $100K $0.00 Home $0.00 Monthly Tax Rate Increase on $100K Home © 2022 TASB, Inc. All rights reserved.

Project Priority Review • Priority ratings w/costs • (1’s, 2’s, 3’s and Other) • Priority ratings w/costs • Discuss at Table (15 minutes) • Determine Questions for Whole Committee © 2022 TASB, Inc. All rights reserved.

Homework • Dashboard © 2022 TASB, Inc. All rights reserved.

Questions? © 2022 TASB, Inc. All rights reserved.