District Status Detail

2009-2010 District Status Detail

Name: VALLEY MILLS=20 ISD(018904)

Publication Level 1: 6/17/2011 9:03:31 AM =

Status: Passed Publication Level 2: 8/31/2011=20 1:00:45 PM

Rating: Superior = Achievement Last Updated: 8/31/2011 1:00:45=20 PM Indicators Answered YES: 21 Indicators Answered NO: 1

District Score: 76 Passing Score: 56

# Indicator Description Updated Score 1 Was=20 The Total Fund Balance Less Reserved Fund Balance Greater Than = Zero In The=20 General Fund? 4/25/2011 3:11:59 PM Yes 2 Was=20 the Total Unrestricted Net Asset Balance (Net of Accretion of = Interest on=20 Capital Appreciation Bonds) In the Governmental Activities Column = in the=20 Statement of Net Assets Greater than Zero? (If the District's 5 = Year %=20 Change in Students was 10% more) 4/25/2011 3:11:59 PM Yes 3 Were=20 There No Disclosures In The Annual Financial Report And/Or Other = Sources=20 Of Information Concerning Default On Bonded Indebtedness = Obligations?=20 4/25/2011 3:11:59 PM Yes 4 Was=20 The Annual Financial Report Filed Within One Month After November = 27th or=20 January 28th Deadline Depending Upon The District's Fiscal Year = End Date=20 (June 30th or August 31st)? 4/29/2011 3:32:56 PM Yes 5 Was=20 There An Unqualified Opinion in Annual Financial Report? 4/25/2011 3:11:59 PM Yes 6 Did=20 The Annual Financial Report Not Disclose Any Instance(s) Of = Material=20 Weaknesses In Internal Controls? 4/25/2011 3:12:00 PM Yes 1 Multiplier Sum 7 Did=20 the Districts Academic Rating Exceed Academically Unacceptable? = 4/25/2011 3:12:00 PM 5 8 Was=20 The Three-Year Average Percent Of Total Tax Collections (Including = Delinquent) Greater Than 98%? 4/25/2011 3:12:00 PM 5 9 Did=20 The Comparison Of PEIMS Data To Like Information In Annual = Financial=20 Report Result In An Aggregate Variance Of Less Than 3 Percent Of=20 Expenditures Per Fund Type (Data Quality Measure)? 5/10/2011 9:51:01 PM 5 10 Were=20 Debt Related Expenditures (Net Of IFA And/Or EDA Allotment) < = $350.00=20 Per Student? (If The District's Five-Year Percent Change In = Students =3D Or=20 > 7%, Or If Property Taxes Collected Per Penny Of Tax Effort = >=20 $200,000 Per Student) 4/25/2011 3:12:01 PM 3 11 Was=20 There No Disclosure In The Annual Audit Report Of Material = Noncompliance?=20 4/25/2011 3:12:01 PM 5 12 Did=20 The District Have Full Accreditation Status In Relation To = Financial=20 Management Practices? (e.g. No Conservator Or Monitor Assigned) = 4/25/2011 3:12:01 PM 5 13 Was=20 The Aggregate Of Budgeted Expenditures And Other Uses Less Than = The=20 Aggregate Of Total Revenues, Other Resources and Fund Balance In = General=20 Fund? 4/25/2011 3:12:01 PM 5 14 If=20 The District's Aggregate Fund Balance In The General Fund And = Capital=20 Projects Fund Was Less Than Zero, Were Construction Projects = Adequately=20 Financed? (To Avoid Creating Or Adding To The Fund Balance Deficit = Situation) 5/10/2011 3:54:37 PM 5 15 Was=20 The Ratio Of Cash And Investments To Deferred Revenues (Excluding = Amount=20 Equal To Net Delinquent Taxes Receivable) In The General Fund = Greater Than=20 Or Equal To 1:1? (If Deferred Revenues Are Less Than Net = Delinquent Taxes=20 Receivable) 4/25/2011 3:12:02 PM 5 16 Was=20 The Administrative Cost Ratio Less Than The Threshold Ratio? = 4/25/2011 3:12:02 PM 5 17 Was=20 The Ratio Of Students To Teachers Within the Ranges Shown Below = According=20 To District Size? 4/25/2011 3:12:02 PM 5 18 Was=20 The Ratio Of Students To Total Staff Within the Ranges Shown Below = According To District Size? 4/25/2011 3:12:02 PM 5 19 Was=20 The Total Fund Balance In The General Fund More Than 50% And Less = Than=20 150% Of Optimum According To The Fund Balance And Cash Flow = Calculation=20 Worksheet In The Annual Financial Report? 4/25/2011 3:12:03 PM 5 20 Was=20 The Decrease In Undesignated Unreserved Fund Balance < 20% Over = Two=20 Fiscal Years?(If 1.5 Times Optimum Fund Balance < Total Fund = Balance In=20 General Fund Or If Total Revenues > Operating Expenditures In = The=20 General Fund,Then District Receives 5 Points) 4/25/2011 3:12:03 PM 5 21 Was=20 The Aggregate Total Of Cash And Investments In The General Fund = More Than=20 $0? 4/25/2011 3:12:03 PM 5 22 Were=20 Investment Earnings In All Funds (Excluding Debt Service Fund and = Capital=20 Projects Fund) More Than $20 Per Student? 4/25/2011 3:12:03 PM 3 76 Weighted Sum 1 Multiplier Sum 76 Score

Determination Of Rating

A. Did The District Answer 'No' To Indicators 1, = 2, 3 Or=20 4? OR Did The District Answer 'No' To = Both 5=20 and 6? If So, The District=E2=80=99s Rating Is = Substandard=20 Achievement. B. Determine Rating By Applicable Range For summation = of the=20 indicator scores (Indicators 7-22) Superior Achievement 72-80 and Yes to indicator 7 Above Standard Achievement 64-71 or >=3D 72 and No to indicator 7 Standard Achievement 56-63 Substandard Achievement <56 or No to one default indicator=20

Indicator 17 & 18 Ratios

Indicator 17 Ranges for Ratios Indicator 18 Ranges for Ratios District Size - Number of Students Between Low High District Size - Number of Students Between Low High < 500 7 22 < 500 5 14 500-999 10 22 500-999 5.8 14 1000-4999 11.5 22 1000-4999 6.3 14 5000-9999 13 22 5000-9999 6.8 14 =3D> 10000 13.5 22 =3D> 10000 7.0 14

Options

=20 =20 =20 =20

Audit Home Page: School = Financial=20 Audits | Send comments or suggestions to mailto:schoolaudits@tea.state.tx.us?subject=3DFIRST%20Suggestions=20

The Texas = Education=20 Agency
1701 North Congress Avenue =C2=B7 Austin, Texas, = 78701 =C2=B7 (512) 463-9734