2016 PUBLIC REPORT. Allen Independent School District

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1 2016 PUBLIC REPORT Allen Independent School District A Financial Management Report For the Fiscal Year Ended June 30, 2015

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Allen Independent School District 2016 Financial Management Report Table of Contents Schools FIRST Introduction and Cover Letter 5 Notice of Public Meeting 7 2014-2015 District Data Summary 9

3 Allen Independent School District 2016 Financial Management Report Table of Contents Schools FIRST Introduction and Cover Letter 5 Notice of Public Meeting District Data Summary Schools FIRST Indicators District Detail State-Wide Data Summary 21 Required Supplementary Disclosures: District Data Summary 25 Superintendent s Contract 30 Reimbursements to Board Members and Superintendent 32 Management Report Contact Information 36

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Allen Independent School District To the Allen ISD Board of Trustees and the Taxpayers of Allen ISD: The 2016 Schools FIRST Rating is being presented for your information.

5 Allen Independent School District To the Allen ISD Board of Trustees and the Taxpayers of Allen ISD: The 2016 Schools FIRST Rating is being presented for your information. FIRST stands for Financial Integrity Rating System of Texas. It is the annual rating performed by the Texas Education Agency (TEA) to test the financial performance of school districts as required by Title 19, Texas Administrative Code, Section 109. The District is required to hold a public meeting, which can be part of a regular school board meeting, to distribute a financial management report that explains the district s performance under each of the 15 indicators and the resulting district s rating. The 2016 rating is based upon analysis of staff and student data reported for the school year, along with budgetary and actual financial data for the fiscal year ended June 30, Per direction from the Texas Legislature through Section 49 of HB5, TEA is in the process of combining the Financial Solvency Review program into the Schools FIRST financial accountability program. To allow school districts time to prepare for and transition to the new financial indicators, TEA used a reduced version (7 indicators) of the Schools FIRST program for the 2015 year. For this year s rating, 15 indicators are now used to score the districts. A points total in the 70 to 100 range will receive a Superior designation. A points total in the 50 to 69 range receives Above Standard. A points total in the 31 to 49 range receives Meets Standard while any lesser total is Substandard. For 2016, Allen ISD has received a Superior rating, reaching a score of 96 out of 100 possible points. We feel that reaching the goal of Superior is significant due to the complexity of accounting associated with the Texas school finance system. The Schools FIRST accountability rating makes sure that Texas school districts are accountable not only for student learning, but also for achieving these results both cost-effectively and efficiently. The information provided by the Schools FIRST system will guide us in our continued efforts to make the most of each taxpayer dollar. Greg Cartwright Chief Financial Officer Allen Independent School District

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7 Allen Independent School District Schools FIRST Rating Notice of Public Meeting Published October 6, 2016 and October 13, 2016 in the Allen American Newspaper NOTICE OF PUBLIC MEETING TO DISCUSS ALLEN INDEPENDENT SCHOOL DISTRICT STATE FINANCIAL ACCOUNTABILITY RATING The Allen Independent School District will hold a public meeting at 7:00 p.m., October 24, 2016, in the Allen City Council Chambers, One Allen Civic Plaza, 305 Century Parkway, Allen, TX The purpose of this meeting is to discuss the Allen Independent School District s rating on the state s financial accountability system. A financial management report will be distributed and public participation in the discussion is invited.

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9 DISTRICT DATA

30 STATE-WIDE DATA

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36 DISTRICT DATA

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40 Required Supplemental Disclosures Superintendent s Contract Per Texas Administrative Code Title 19 Part 2 Chapter 109 Subchapter AA Division 1 Rule , a copy of the superintendent s current employment contract at the time of the School FIRST hearing is to be provided in the financial management report. In lieu of publication in the report, the school district may post the superintendent s employment contract on the school district s internet website. If published on the website, the contract must remain accessible for twelve months. Allen ISD has posted the current superintendent employment contract on the district s website and it will be accessible for at least twelve months. The contract may be found on the home page under Office of the Superintendent then Superintendent s Contract.

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42 Required Supplemental Disclosures Reimbursements to Board Members and Superintendent

43 Reimbursements Received by the Superintendent and Board Members For the Twelve-Month Period Ended June 30, 2015 Description of Reimbursements Superintendent Dr. Lance Hindt Carl Clemencich Amy Gnadt Louise Master Jason Shepard / John Montgomery Michael Myers Susan Olinger Jimmy Trotter Meals 1, Lodging 2, , , , Transportation 1, , Registration/Dues 3, , , Other Total 9, , , , , , , , Outside Compensation and/or Fees Received by the Superintendent for Professional Consulting and/or Other Personal Services For the Twelve-Month Period Ended June 30, 2015 Name(s) of Entity(ies) Superintendent Dr. Lance Hindt None $ - Total $ - Gifts Received by Executive Officers and Board Members (and First Degree Relatives, if any) (gifts that had an economic value of $250 or more in the aggregate in the fiscal year) For the Twelve-Month Period Ended June 30, 2015 Superintendent Dr. Lance Hindt Carl Clemencich Amy Gnadt Louise Master Jason Shepard / John Montgomery Michael Myers Susan Olinger Jimmy Trotter None $ - $ - $ - $ - $ - $ - $ - $ - Total $ - $ - $ - $ - $ - $ - $ - $ - Business Transactions Between School District and Board Members For the Twelve-Month Period Ended June 30, 2015 Carl Clemencich Amy Gnadt Louise Master Jason Shepard / John Montgomery Michael Myers Susan Olinger Jimmy Trotter None $ - $ - $ - $ - $ - $ - $ - Total $ - $ - $ - $ - $ - $ - $ -

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45 Persons with questions about this report can contact Greg Cartwright Chief Financial Officer Allen ISD - Finance Department

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College Station Independent School District Financial Management Report For the 2008-2009 Fiscal Year Distributed at Public Hearing October 19, 2010 Disclosures New reporting requirements are effective