Lubbock Independent School District

1994-95 Financial Information

Local Tax Rate: $1,475/$100 Valuation
Bonded Indebtedness (as of 8-31-94): $ 64,780,000
Budgeted Per Pupil Costs: (est.( $5,342
Assessed Property Values $ 4,629,099,243
Budget
Maintenance and Operation Fund
Revenues:
Local Ad Valorem Tax $ 59,246,886
State $ 68,730,508
Federal $ 308,252
Total $ 128,285,646
Expenditures:
Payroll Costs $ 93,065,789
Purchased/Contract Services $ 26,301,059
Supplies/Materials $ 4,078,490
Other $ 2,101,748
Capital Outlay $ 2,331,804
Debt Service $ 78,872
Total $ 127,957,762
Debt Service Fund
Revenues:
Local Tax $ 7,689,377
Interest $ 47,000
Other $ 7,000
Total $ 7,743,377
Expenditures:
Principle $ 4,930,000
Interest $ 3,058,877
Fees $ 4,500
Total $ 7,993,377

Local Tax Rate:	$1,475/$100 Valuation

Bonded Indebtedness (as of 8-31-94):	$ 64,780,000
Budgeted Per Pupil Costs:	(est.( $5,342
Assessed Property Values	$ 4,629,099,243



Budget

Maintenance and Operation Fund

Revenues:
Local Ad Valorem Tax	$ 59,246,886
State	$ 68,730,508
Federal	$ 308,252
Total	$ 128,285,646

Expenditures:
Payroll Costs	$ 93,065,789
Purchased/Contract Services	$ 26,301,059
Supplies/Materials	$ 4,078,490
Other	$ 2,101,748
Capital Outlay	$ 2,331,804
Debt Service	$ 78,872
Total	$ 127,957,762

Debt Service Fund

Revenues:
Local Tax	$ 7,689,377
Interest	$ 47,000
Other	$ 7,000
Total	$ 7,743,377

Expenditures:
Principle	$ 4,930,000
Interest	$ 3,058,877
Fees	$ 4,500
Total	$ 7,993,377

**Financial Percentage Analysis**
Expenditures by Function
Instructional Services	58.90%
Instructional Related Services	10.50%
Student Services	10.90%
Administration	3.60%
Plant Services	15.10%
Other	1.00%

Expenditures by Object
Payroll Costs	72.50%
Purchased & Contracted Services	20.60%
Supplies and Materials	3.40%
Other Expenses	1.60%
Capital Outlay	1.80%
Debt Service	0.10%

Revenue
State	53.80%
Local	46.00%
Federal	0.20%

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