Microsoft Word - {2FD75198-5FFA-4BCE-9F97-F191067C6FD8}

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AnnualComprehensive

FinancialReport

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FortheFiscalYearEnded

August31,2021

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LEWISVILLEINDEPENDENTSCHOOLDISTRICT

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1565AW.MainStreet,Lewisville,Texas75067

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PreparedbytheDivisionofFinance

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R.MarkYoungs,MBA,RTSBA

ChiefFinancialOfficer

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RosemaryTrevino,MBA,RTSBA

ExecutiveDirectorofAccounting

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LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT

TABLEOFCONTENTS

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  Exhibit/

 Page Table

IntroductorySection

TransmittalLetter i

PrincipalOfficialsandAdvisors vi

CertificateofBoard vii

OrganizationalChart viii

GFOACertificateofAchievementix

ASBOCertificateofExcellence x

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FinancialSection

IndependentAuditor’sReport 3

Management’sDiscussionandAnalysis 7

BasicFinancialStatements

Government‐wideFinancialStatements:

StatementofNetPosition 17

A‐1

StatementofActivities 18 B‐1

GovernmentalFundFinancialStatements:

BalanceSheet 20 C‐1

ReconciliationofGovernmentalFundsBalanceSheettotheStatementofNetPosition 23 C‐1R

StatementofRevenues,Expenditures,andChangesinFundBalance 24 C‐2

Reconciliation of Statement of Revenues, Expenditures,and

 Changes in Fund Balance of

GovernmentalFundstotheStatementofActivities 26 C‐3

StatementofRevenues,Expenditures,andChangesinFundBalance‐Budget(GAAP)and

Actual‐GeneralFund 27 C‐4

ProprietaryFunds:

StatementofNetPosition 28 D‐1

StatementofRevenues,Expenses,andChangesinFund

NetPosition 29 D‐2

StatementofCashFlows 30 D‐3

FiduciaryFunds:

StatementofFiduciaryNetPosition 31 E‐1

StatementofChangesinFiduciaryNetPosition 32 E‐2

NotestotheBasicFinancialStatements 33 F‐1

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RequiredSupplementaryInformation

ScheduleoftheDistrict’sProportionateShare

oftheNetPensionLiabilityTeacherRetirement

SystemofTexas 71 G‐1

ScheduleoftheDistrict’sPensionContributionsTeacherRetirementSystemofTexas 72 G‐2

ScheduleoftheDistrict’sProportionateShareoftheNetOPEBLiabilityTeacherRetirement

SystemofTexas 73 G‐3

ScheduleoftheDistrict’sOPEB

ContributionsTeacherRetirementSystemofTexas 74 G‐4

NotestoRequiredSupplementaryInformation‐Pension 75

NotestoRequiredSupplementaryInformation‐OPEB 76

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OtherSupplementaryInformation

CombiningandIndividualFundFinancialStatementsandSchedules:

CombiningBalanceSheet‐NonmajorGovernmentalFunds 80 H‐1

CombiningStatementofRevenues,Expenditures,andChanges

inFundBalance‐Nonmajor

GovernmentalFunds 82 H‐2

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LEWISVILLEINDEPENDENTSCHOOLDISTRICT

TABLEOFCONTENTS(continued)

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LewisvilleISD2021ACFR

  Exhibit/

 Page Table

OtherSupplementaryInformation(continued)

CombiningandIndividualFundFinancialStatementsandSchedules:

StatementofChangesinFiduciaryNetPosition 84 H‐3

CombiningStatementofChangesinFiduciaryNetPosition 85 H‐4

SupplementalSchedules:

ScheduleofDelinquentTaxesReceivable 88 J‐1

ScheduleofRevenues,Expenditures,andChangesinFund

Balance‐Budget(GAAPBasis)

andActual‐FoodServiceFund 90 J‐2

ScheduleofRevenues,Expenditures,andChangesinFundBalance‐Budget(GAAPBasis)

andActual‐DebtServiceFund 91 J‐3

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StatisticalSection(Unaudited)

Government‐wideInformation:

ChangesinNetPosition‐Government‐wide 96 1

ChangesinNetPosition

byComponent‐Government‐wide 98 2

FundInformation:

ChangesinFundBalances‐AllGovernmentalFunds 100 3

FundBalances‐AllGovernmentalFunds 102 4

PropertyTaxLeviesandCollections 104 5

ScheduleofTaxRateDistributionPer$100Valuation 105 6

AssessedandActualValueofTaxableProperty 106 7

PropertyTaxRates‐DirectandOverlappingGovernments 108 8

PrincipalPropertyTaxpayers 110 9

ComputationofDirectandOverlappingDebt 111 10

RatioofNetBondedDebttoAssessedValueandNetBondedDebttoPersonalIncome‐All

GovernmentalFunds 112 11

LegalDebtMarginInformation 114 12

RatioofAnnual

DebtServiceExpendituresforGeneralBondedDebttoTotalExpenditures 116 13

RatioofAnnualDebtServiceExpendituresforOutstandingDebtbyType 117 14

PerStudentCalculations(GeneralFundOnly)BasedonRevenuesandExpenditures 119 15

DemographicDataandEconomicStatistics 120 16

PrincipalEmployers 122 17

Expenditures,

AverageDailyAttendance,andPerPupilCosts 123 18

Full‐timeEquivalentDistrictEmployeesbyFunction 124 19

TeacherSalaryandEducation 126 20

SchoolBuildingInformation 128 21

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FederalAwardsSection

IndependentAuditor’sReportonInternalControloverFinancialReportingandonCompliance

andOtherMattersBasedonan

AuditofFinancialStatementsPerformedinAccordancewith

GovernmentAuditingStandards 141

IndependentAuditor’sReportonComplianceforeachMajorFederalProgramandReporton

InternalControloverComplianceRequiredbytheUniformGuidance 143 

ScheduleofFindingsandQuestionedCosts 145

ScheduleofExpendituresofFederalAwards 147 K‐

1

NotestoScheduleofExpendituresofFederalAwards 149 K‐2

SummaryScheduleofPriorAuditFindings 151

CorrectiveActionPlan 152

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LewisvilleISD2021ACFR

INTRODUCTORYSECTION

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LewisvilleISD2021ACFR

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 i LewisvilleISD2021ACFR

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December13,2021

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TotheBoardofTrusteesandtheCitizensoftheLewisvilleIndependentSchoolDistrict:

TheTexasEducationCoderequiresthatallschooldistrictsfileasetoffinancialstatementswiththeTexasEducation

Agency(TEA)within150daysofthecloseofeachfiscalyear.Thefinancialstatementsmustbepresentedinconformity

withgenerallyacceptedaccountingprinciples(GAAP)andauditedbyafirmof

licensedcertified publicaccountants

inaccordancewithgenerallyacceptedauditingstandards.Pursuanttothisrequirement,weherebyissuetheAnnual

ComprehensiveFinancialReportoftheLewisvilleIndependentSchoolDistrict(theDistrict)forthefiscalyearended

August31,2021.

This report consists of management’s representations concerning the finances of the

 District. Consequently,

managementassumesfullresponsibilityforthecompletenessandreliabilityofalltheinformationpresentedinthis

report.Tothebestofourknowledgeandbelief,thisfinancialreportiscompleteandreliableinallmaterialrespects.

ThefinancialstatementsoftheDistricthavebeenauditedbyWhitleyPennL.L.P.,afirmoflicensedcertifiedpublic

accountants.Thegoaloftheindependentauditistoprovidereasonableassurancethatthefinancialstatementsof

theDistrictforthefiscal yearendedAugust31,2021,arefreeofmaterialmisstatement.

The independentaudit

involves examining, on a testbasis,evidencesupportingtheamountsanddisclosuresinthefinancialstatements;

assessingtheaccountingprinciplesusedandsignificantestimatesmadebymanagement;andevaluatingtheoverall

financial statement presentation. The independent auditors concluded, based upon the audit, that there was a

reasonable

basisforrendering an unmodified opinionthattheDistrict’sfinancialstatements fortheyear ended

August31,2021arefairlypresentedinconformitywithGAAP.Theindependentauditor’sreportispresentedasthe

firstcomponentofthefinancialsectionofthisreport.

Theindependentauditofthefinancialstatementsis

partofabroader,federallymandated“SingleAudit”designed

tomeetthespecialneedsoffederalgrantoragencies. ThestandardsgoverningSingleAuditengagementsrequirethe

independentauditorstoreportnotonlyonthefairpresentationofthefinancialstatements,butalsoontheaudited

government’sinternalcontrolsandcompliancewith

legalrequirements,withspecialemphasisoninternalcontrols

andlegalrequirementsinvolvingtheadministrationoffederalawards.ThesereportsmaybefoundintheFederal

Awards section of thisreport. GAAP requires that management provide a narrative introduction, overview, and

analysistoaccompanythebasicfinancialstatementsintheform

ofManagement’sDiscussionandAnalysis(MD&A).

This letter of transmittal is designed to complementtheMD&Aandshouldbereadin conjunctionwith it. The

District’sMD&Acanbefoundimmediatelyfollowingthereportoftheindependentauditors.

PROFILEOFTHEDISTRICT

LewisvilleISDincludesallthefundsoftheDistrict,aswellasanycomponentunitsforwhichtheDistrictisfinancially

accountable.

LewisvilleISDisanindependentpubliceducationalagencyoperatingunderapplicablelawsandregulationsofthe

State of Texas providing a full range of educational services appropriate to

grade levels ranging from pre‐

kindergartenthroughgradetwelve.LISDislocatednorthoftheDallas/FortWorthMetroplex.LISDencompasses127

squaremilesandismadeupofall,orpartof,thirteendifferentcommunities:Lewisville,FlowerMound,TheColony,

Highland Village, Double Oak, Copper Canyon, north Carrollton, western Plano, and

 portions of Frisco, Hebron,

Coppell,Grapevine,andArgyle.TheDistrictiscomprisedoffivehighschools,three9thgradecampuses,two9th‐

10th grade campuses, two career centers, one learning center, fifteen middle schools, thirty‐nine elementary



 ii LewisvilleISD2021ACFR

schools,oneearlychildhoodcenter,onestudentsuccesscenterandonevirtuallearningacademy.Themajoritywere

builtwithinthepast20years,keepingpacewithrapidgrowth.



Duringthecurrentfiscalyear,theDistrictservedmorethan49,360enrolledstudents.Sincethe2019

‐2020school

year, the District’s student enrollment declined by 2,000 students, mostly due to COVID. The District’s student

enrollmenthasbeguntostabilizeandslightlydeclinefromtherapidgrowthexperiencedinthepast.

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ThesevenmembersoftheBoardofTrustees(Board)serve,withoutcompensation,athree‐yearterm

inoffice.On

arotatingbasis,twoorthreeplacesarefilledduringannualelectionsheldthefirstSaturdayinMay.Vacanciesmay

befilledbyappointmentuntilthenextelection.TheBoardhasfinalcontroloverlocalschoolmatterslimitedonlyby

the state legislature, by the courts, and

by the will of the people as expressed in school Board elections. Board

decisionsarebasedonamajority voteofthosepresent. Ingeneral, theBoardadoptspolicies, setsdirection for

curriculum,employstheSuperintendent,andoverseestheoperationsoftheDistrictanditsschools.Besidesgeneral

Boardbusiness,Trustees

arechargedwithnumerousstatutoryregulationsincludingcallingtrusteeandotherschool

electionsandcanvassingtheresults,organizingtheBoard,andelectingitsofficers.TheBoardisalsoresponsiblefor

settingthetaxrate,setting salary schedules,and actingas aboardofappealsinpersonnelandstudentmatters,

confirming

recommendationsfortextbookadoptions,andadoptingandamendingtheannualbudget.



EDUCATION



The District is a public‐school system whose mission recognizes that students, staff and community design and

implementalearningorganizationthatprovidesengaging,innovativeexperienceseveryday. Recognizingthatthe

qualityoflife,bothtodayandin

thefuture,dependsuponthequalityofeducationprovidedbythepublicschools,

theLewisvilleIndependentSchoolDistrictisdedicatedtoeducationandcommittedtomeetingtheneedsofevery

individual. TheDistrict’svisionisbuiltonfourcornerstones:



 StudentLearning

o Profoundlearningforstudentsoccurswhenwe

providemeaningfulandrelevanteducational

opportunities.

o InLISD,wearepreparingthedreamerstobethedoersbydevelopingengaged,collaborative

learnerswhoareequippedforsuccess.

 StudentExperience

o Athrivingstudentexperiencecomesfromanenvironmentthatengagesandconnects

studentstoeachotherandwith

staff.

o InLISD,weknowstudentsthrivewhentheyareengagedintheirlearningandfeelasenseof

belonginginourschools.

o Whenstudentsareprovidedenrichingopportunitiesoutsidetheclassroom,theywillfind

successnotonlyinschoolbutintheirlivesbeyondourhallways.

 Community

Engagement

o Webelieveeducationisasharedresponsibilitybetweenourdistrictandthecommunitieswe

serve.

o CommunityengagementiscriticaltothesuccessofLISD.

o Throughintentionalstrategicpartnershipsatthecampusanddistrictlevel,wecantapintothe

deepwellofcommunitysupportforLISD

toforgestrongerbondswithourstakeholdersand

developrelationshipstobenefitschools,localbusinessesandthecommunity.

 ResourceStewardship

o InLISD,whenwesaywewanttobegoodstewardsofourresources,wearen'tjusttalking

abouttaxpayerdollars.

o Resourcestewardshipisaboutthreethings:our

time,talentandtreasure.

o Strikeapositivework/lifebalancewithourtime;

o Nurtureourtalentsaseducatorsthroughmeaningfulprofessionallearning;

o Manageourtreasureinafiscallyresponsiblewaywhilestillmeetingstudentneeds.



 iii LewisvilleISD2021ACFR

TheDistrict isdedicatedto enrichingeducation opportunitiesforourstudentsandleading thewayinclassroom

technologyintegrations.Utilizinggroundbreaking,transformativeandflexiblelearningenvironmentsthroughuseof

technologyandinitiativeprogramsprovidesourstudentsthetoolstoaccess,createandcollaborateas

thriving,21

st

centurydigitalcitizens.



FINANCIALPOLICIES



InternalControls.ThemanagementoftheDistrictisresponsibleforestablishingandmaintaininganinternalcontrol

structuredesignedtoensurethattheassetsoftheDistrictareprotectedfromloss,theftormisuse,andtoensurethat

adequateaccounting data are compiled

 to allow for the preparation of financial statements in conformity with

generallyacceptedaccountingprinciples.Theinternalcontrolstructureisdesignedtoprovidereasonable,butnot

absolute,assurancethattheseobjectivesaremet.Theconceptof“reasonableassurance”recognizesthat:(1)the

costofacontrolshouldnotexceedthe

benefitslikelytobederivedfromitsimplementation;and(2)thevaluation

ofcostandbenefitsrequiresestimatesandjudgmentsbymanagement.Managementbelievestheinternalcontrols

adequatelymeettheaboveobjectives.



BudgetaryControls.Inaddition,theDistrictmaintainsbudgetarycontrols.Theobjectiveofthesebudgetarycontrols

istoensure

compliancewithlegalprovisionsembodiedintheannualbudgetapprovedbytheBoardofTrustees.

Everyschool districtinTexas isrequired,by law,toprepare andfile abudgetwiththeTexasEducationAgency.

Activities of the General Fund, Food Service Fund, and Debt Service Fund are includedin the

 District’s formally

adoptedbudget.BudgetsforSpecialRevenuefunds(otherthantheFoodServiceFund)andCapitalProjectsFund

arepreparedonaprojectbasis,basedongrantregulationsorapplicablebondordinances.Budgetarycontrol(the

level at which expenditures cannot legally exceed appropriations) is maintained at the functional category

level

withineachfund.ThesefunctionalcategoriesaredefinedbytheTexasEducationAgencyandidentifythepurpose

oftransactions.OversightcontrolofallexpendituresismaintainedatthislevelbytheAccountingandBudgetstaff.

TheDistrictalsomaintainsanencumbranceaccountingsystemasonetechniqueofaccomplishingbudgetarycontrol.



Outstandingencumbrancesattheendofafiscalyeararerolledforwardintothesubsequentfiscalperiodwiththe

budgetamendedaccordingly.Asdemonstratedbythestatementsandschedulesincludedinthefinancialsectionof

thisreport,theDistrictcontinuesmeetingitsresponsibilityforsoundfinancialmanagement.



MAJORINITIATIVES



CapitalProjects.InMay2017,votersoftheDistrictapproveda$737.5millionbondreferendumdesignedtofinance

theconstruction,acquisitionandequipmentofschoolbuildingsintheDistrictandthepurchaseofthenecessary

sitesforschoolbuildings.InthefiscalyearendedAugust31,2020,theDistrictissued

UnlimitedTaxSchoolBuilding

Bonds,Series2020,resultingina$285.0milliondeposittotheCapitalProjectsFund.Thebondproceedswereissued

forconstructionandrenovationofschoolbuildingsandequipmentandmajortechnologyupgradesthroughoutthe

District.

DebtPortfolioManagement.DuringthefiscalyearAugust31,2021,theDistrict

calledaportionofthepreviously

issuedUnlimitedTaxRefundingbonds,Series2013Band2013EforRedemptionPriortoMaturity.Thesecalledbonds

intheamountof$13.2millionand$39.5millionwereredeemedpriortomaturity.TheDistrictutilizedfundsfrom

itsDebtServiceFundbalanceforthepurpose

ofthisdebtreduction.Thisresultsinpresentvaluesavingsof$6.9

million.

TheDistricthasissueditsbondsonarelativelyshortrepaymentperiodoftwentyyears.Districtpersonnelcontinually

workwiththeDistrict’sFinancialAdvisorstomonitortheinterestratemarketandtheoutstandingdebtportfoliofor

opportunitiesfor

interestsavings.

RelevantFinancialPolicy.TheBoardrecognizestheimportanceofmaintainingsufficientfundbalancetosustainthe

Districtthroughuncertaineconomictimes. AcknowledgingthattheDistrict’sfinancialpositionisimpactedgreatlyby

thelegislature’sactionsandthelevelofthestate’savailableresources,theBoardhasbeenproactivein

buildingthe

District’sfundbalancesovertime.InJune2019,theBoardadoptedaresolutiondelegatingtotheSuperintendent

orhisdesigneeauthoritytoassignfundbalanceinanamountequivalenttothreemonthsoperatingexpendituresin



 iv LewisvilleISD2021ACFR

the General Fund. The Resolution further establishedastheDistrict’s targetoptimumfund balanceanamount

equivalenttotenpercentoftheannualdebtservicerequiredonbondsapprovedbythevotersoftheDistrictasits

minimum fund balance in the Debt Service

Fund each year. Those parameters are designed to assure a strong

financialpositionintheeventofreductionsinenrollment,taxrevenuesorotherfundingsources:

The District’s fund balance at August 31, 2021 in both the General Fund and the Debt Service Fund exceed these

parameters.

Long‐term Financial Planning.

 TheDistricthasgrown the fund balancetoensurethat the neededresourcesare

availabletoprovideforenrollmentdeclinesandunexpectedsituations.Projectionsassumedinbudgetingforthe

subsequentfiscalyearinclude:

 TheMaintenanceandOperationstaxratewillbereducedto$0.9276per$100valuationforthe

fiscalyear

endingAugust31,2022.

 TheDistrictisexpectedtobesubjecttorecapturepaymentsunderChapter41oftheTexasEducationCode

forthefiscalyearendingAugust31,2022intheamountof$57.4million.

 TheDistricthasexperiencedgrowthintaxablepropertyvaluesofapproximately

7.5percent.Thisincrease

isexpectedtoresultinincreasedad‐valoremtaxcollections.Approximately9.9percentofad‐valoremtax

collectionsisexpectedtobepaidtotheStateintheformofrecapturepaymentsforthefiscalyearending

August31,2022.

 DuetoCOVID‐19,student

enrollmentgrowthforfiscalyear2022areexpectedtodecreasebylessthanone

percent.

ECONOMICCONDITIONANDOUTLOOK



ThelocaleconomyintheDistrictremainsstrong.NewbusinessescontinuetolocatebothinandneartheDistrict.

Theresultingeconomicactivityhascreatedstrongpropertyvaluegrowth.Thediversity

ofthelocalbusinesses,the

range of available housing, the transportation grid, and the proximity to Dallas‐Fort Worth and Alliance airports

provideastrongclimateforbusinessgrowthwithintheDistrict.

ThetaxablepropertyoftheDistrict’slargesttaxpayeraccountsforonly0.15percentofthetaxablevalueofthe

District.

Thisindicatesasignificantdiversificationinthetaxbase.Thislackofdependenceonasingleemployerorbusiness

segmentmeansthatthelossofevenalargebusinesswillnotnegativelyimpacttheeducationofchildrenorimperil

thefuturepaymentofobligationsbytheDistrict.

TheDistrict

haselectedto providethe“Freeportexemption”forqualifyingbusinesses.It isbelieved thatthiswill

continuetobeapositiveeconomicfactorfortheDistrictandwillensurethatbusinessneedingthefacilitiesofDFW

andAllianceairportswillconsiderandselectLewisvilleISDfortheirnewplansandtheir

plantexpansions.

TheCityofLewisvilleissuedmorethan46buildingpermitsinSeptemberof2021,whichincludesacombinationof

newconstructionforbusinessandremodelingforbothresidentialandcommercialproperties.Constructioncontinues

ontheTowerBayLofts,aresort‐styleluxuryapartmentdevelopmentwithmorethan300

unitsnearLewisvilleLake,

eastofI‐35E,northofGardenRidgeBoulevard.Plannedamenities includedanenclosedparkinggarage,askylounge

that includes an indoor/outdoor kitchen, and an outdoor television wall. In May 2020 construction began and

continuesontheVillasatRockbrook,aprivate,gatedsingle‐familyrental

communitylocatedinLewisvillewitheasy

accesstoI‐35E,Highway121andtheDARTHebronStationonly30minutesfromdowntownDallasand10minutes

fromDFWInternationalAirport.FinalpassinginspectionsforthisprojectwereissuedonAugust10,2020.



AWARDS



The School Financial IntegrityRatingSystem

of Texas (FIRST) program, a financial accountability system for Texas

school districts, was developed by the Texas Education Agency in response to Senate Bill 875 of the 76th Texas

Legislaturein1999.TheprimarygoalofFIRSTistoachievequalityperformanceinthemanagementofschooldistricts’

financialresources,a

goalmademoresignificantduetothecomplexityofaccountingassociatedwiththeTexasschool

financesystem.TheDistrictreceivedaratingofA=SuperiorunderTexas’SchoolsFIRSTfinancialaccountabilityrating

system. Thisisthestate’shighestfinancialrating,demonstratingthequalityoftheDistrict’ssoundfiscalmanagement



 v LewisvilleISD2021ACFR

andreporting system.TheDistrictachievedthehighestavailable ratingeachyearsincetheinceptionoftheFIRST

program.



The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of

AchievementforExcellenceinFinancialReportingtotheDistrict

foritsComprehensiveAnnualFinancialReportfor

thefiscalyearended August 31,2020.Thiswasthetwentiethconsecutiveyearthatthe Districthas achievedthis

prestigiousaward.Inordertobeawardeda CertificateofAchievement,agovernmentunitmustpublishaneasily

readableandefficientlyorganizedcomprehensiveannual

financialreport.Thereportmustalsosatisfybothgenerally

acceptedaccountingprinciplesandapplicablelegalrequirements.



ACertificateofAchievementisvalidforaperiodofoneyearonly.Webelieve thecurrentAnnualComprehensive

Financial Report continues to meet the requirements of the Certificate of Achievement Program, and we

are

submittingittotheGFOAtodetermineitseligibilityforanothercertificate.



Inaddition,theDistrictwasawardedtheCertificate ofExcellenceinFinancialReportingbytheAssociationofSchool

Business OfficialsInternational(ASBO)foritsComprehensiveAnnualFinancialReportfortheyearendedAugust31,

2020. Thisaward

hasalsobeenreceivedforthetwentiethconsecutiveyear.WebelievetheAnnualComprehensive

FinancialReportfortheyearendedAugust31,2021continuestoconformtothestandardsforwhichtheseawards

weregranted.



ACKNOWLEDGEMENTS



WeappreciatethesupportoftheBoardofTrustees,thecitizensoftheDistrict,andthebusinesscommunity,allwho

workcooperativelytoensurethebesteducationforitsstudentsandtheprudentdevelopmentoftheDistrict.This

cooperationisindicativeofthestrongsupportfortheattainmentofexcellence

intheDistrict’seducationalprograms.

Also, we would like to express our appreciation to all employees of the District for their interest and support in

planningandconductingthefinancialaffairsoftheDistrictinaresponsibleandprogressivemanner.Thepreparation

ofthisreportonatimelybasiscouldnot

beaccomplishedwithouttheefficientanddedicatedservicesoftheentire

staffoftheFinanceoffice.



Respectfullysubmitted,



 vi LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT



ANNUALCOMPREHENSIVEFINANCIALREPORT

YEARENDEDAUGUST31,2021



PRINCIPALOFFICIALSANDADVISORS



PrincipalOfficials





BoardofTrustees DateElected TermExpires Occupation

TracyScottMiller,President 2014 2023

Director,StrategicSolutionsfora

MultinationalCorporation

AllisonLassahn,VicePresident 2018 2024 IndependentConsultant

KatherineSells,Secretary 2016 2022 CommunityVolunteer

Dr.BuddyBonner 2021 2024 ChamberofCommerceEmployee

AngieCox 2013 2022 Escrow

Officer,BusinessOwner

KristiHassett 2014 2023 IndependentConsultant

JennyProznik 2016 2022 CommunityVolunteer



AdministrativeOfficials



Dr.KevinRogers,Superintendent



Dr.LoriRapp,DeputySuperintendent



R.MarkYoungs,ChiefFinancialOfficer



D’AnnLaceyBey,GeneralCounsel



AmandaBrim,ChiefCommunicationsOfficer



BryonKolbeck,ChiefTechnologyOfficer



SheliaSmith,ChiefHumanResourcesOfficer



ConsultantsandAdvisors



WhitleyPennL.L.P.,Dallas,Texas

IndependentAuditors



McCall,Parkhurst&HortonL.L.P.,Dallas,Texas

BondCounsel



HilltopSecurities,Dallas,Texas

FinancialAdvisors



WalshGallegosTreviñoKyle&RobinsonP.C.,Austin,Texas

Attorneys



 vii LewisvilleISD2021ACFR

CERTIFICATEOFBOARD



LewisvilleIndependentSchoolDistrict Denton 061‐902

 NameofSchoolDistrict County County‐DistrictNo.



We,theundersigned,certifythattheattachedannualfinancialreportsoftheabove‐namedschooldistrictwerereviewed

and_____ approved______disapprovedfortheyearendedAugust31,2021,atameetingofBoardofTrustees ofsuch

schooldistrict

onthe13thdayofDecember,2021.



____________________________  ____________________________

SignatureofBoardSecretary  SignatureofBoardPresident



 viii LewisvilleISD2021ACFR



 ix LewisvilleISD2021ACFR



 x LewisvilleISD2021ACFR



 1 LewisvilleISD2021ACFR

FINANCIALSECTION



 2 LewisvilleISD2021ACFR



DallasOffice

8343DouglasAvenue

Suite400

Dallas,Texas75225

214.393.9300Main



whitleypenn.com







 3 LewisvilleISD2021ACFR



INDEPENDENTAUDITOR’SREPORT



TotheBoardofTrustees

LewisvilleIndependentSchoolDistrict

Lewisville,Texas



ReportontheFinancialStatements



Wehaveauditedtheaccompanyingfinancialstatementsofthegovernmentalactivities,business‐typeactivities,eachmajor

fund,andtheaggregateremainingfundinformationofLewisvilleIndependentSchoolDistrict(the“District”)asofandfor

theyearendedAugust31,2021,andtherelatednotestothefinancialstatements,whichcollectivelycomprisetheDistrict’s

basicfinancialstatementsaslistedinthetableofcontents.



Management’sResponsibilityfortheFinancialStatements



Management is responsible for the preparation and fair presentation of these financial statements in accordance with

accounting principles generally accepted in the United States of America; this includes the design, implementation, and

maintenanceofinternalcontrolrelevanttothepreparationandfairpresentationoffinancialstatementsthatarefreefrom

materialmisstatement,whetherduetofraudorerror.



Auditor’sResponsibility



Ourresponsibilityistoexpressopinionsonthesefinancialstatementsbasedonouraudit.Wedidnotauditthediscretely

presentedcomponentunitfinancialstatementsoftheLewisvilleEducationFoundation,Inc.asof andfortheyearended

December31,2020.Thosestatementswere audited by other auditors whosereporthasbeen furnished tous,andour

opinion,insofarasitrelatestotheamountsincludedforLewisvilleEducationFoundation,Inc.,isbasedsolelyonthereport

oftheotherauditors.WeconductedourauditinaccordancewithauditingstandardsgenerallyacceptedintheUnitedStates

of America and the standards applicable to financial audits contained Government Auditing Standards, issued by the

ComptrollerGeneraloftheUnitedStates.Thosestandardsrequirethatweplanandperformtheaudittoobtainreasonable

assuranceabout whether the financialstatements arefreefrommaterialmisstatement.Thefinancial statementsofthe

LewisvilleEducationFoundation,Inc.werenotauditedinaccordancewithGovernmentalAuditingStandards.



An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial

statements.Theproceduresselecteddependontheauditor’sjudgment,includingtheassessmentoftherisksofmaterial

misstatementofthefinancial statements,whetherdue to fraud orerror.Inmaking thoseriskassessments,the auditor

considersinternalcontrolrelevanttotheentity’spreparationandfairpresentationofthefinancialstatementsinorderto

designauditproceduresthatareappropriateinthecircumstances,butnotforthepurposeofexpressinganopiniononthe

effectivenessoftheentity’sinternalcontrol.Accordingly,weexpressnosuchopinion.Anauditalsoincludesevaluatingthe

appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by

management,aswellasevaluatingtheoverallpresentationofthefinancialstatements.



TotheBoardofTrustees

LewisvilleIndependentSchoolDistrict



 4 LewisvilleISD2021ACFR

Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisforourauditopinions.



Opinions



Inouropinion,basedonourauditandthereportofotherauditors,thefinancialstatementsreferredtoabovepresentfairly,

inallmaterialrespects,therespectivefinancialpositionofthegovernmentalactivities,business‐typeactivities,eachmajor

fund,andtheaggregateremainingfundinformationofLewisvilleIndependentSchoolDistrictasofAugust31,2021,andthe

respective changes in financial position, the respective budgetary comparison schedule for the general fund and, where

applicable,cashflowsthereoffortheyearthenendedinaccordancewithaccountingprinciplesgenerallyacceptedinthe

UnitedStatesofAmerica.



OtherMatters



RequiredSupplementaryInformation



Accounting principles generally accepted in the United States of America require that the management’sdiscussion and

analysis andpensioninformationandotherpost‐employment benefit information, as listedonthetableofcontents,be

presented to supplement the basic financial statements.Such information, although not a part of the basic financial

statements,isrequiredbytheGovernmentalAccountingStandardsBoard,whoconsidersittobeanessentialpartoffinancial

reportingforplacingthebasicfinancialstatementsinanappropriateoperational,economic,orhistoricalcontext.Wehave

applied certain limited procedures to the required supplementary information in accordance with auditing standards

generally accepted in the United States of America, which consisted of inquiries of management about the methods of

preparingtheinformationandcomparingtheinformationforconsistencywithmanagement’sresponsestoourinquiries,the

basicfinancialstatements,andotherknowledgeweobtainedduringourauditofthebasicfinancialstatements.Wedonot

expressanopinionorprovideany assurance on the information because thelimitedproceduresdo not provide us with

sufficientevidencetoexpressanopinionorprovideanyassurance.



OtherInformation



Ouraudit wasconducted  for the purpose of forming opinions on the financialstatementsthat collectively comprise the

District’s basic financial statements.The other supplementary information, as described in the table of contents, are

presentedforpurposesofadditionalanalysisandarenotarequiredpartofthebasicfinancialstatements.Thescheduleof

expendituresoffederalawardsispresentedforthepurposeofadditionalanalysisasrequiredbyTitle2U.S.CodeofFederal

Regulation(CFR)Part200,UniformAdministrationRequirements,CostPrinciples,and

AuditRequirementsforFederalAwards

andotherinformation,suchastheintroductoryandstatisticalsections,arealsopresentedforthepurposesofadditional

analysisandarenotarequiredpartofthebasicfinancialstatements.



Theother supplementaryinformation,asdescribedinthetableofcontents,andtheschedule ofexpendituresoffederal

awardsaretheresponsibilityofmanagementandwasderivedfromandrelatesdirectlytotheunderlyingaccountingand

otherrecordsusedtopreparethebasicfinancialstatements.Suchinformationhasbeensubjectedtotheauditingprocedures

appliedintheauditofthebasicfinancialstatementsandcertainadditionalprocedures,includingcomparingandreconciling

suchinformationdirectlytotheunderlyingaccountingandotherrecordsusedtopreparethebasicfinancialstatementsor

to the basic financial statements themselves, and other additional procedures in accordance with auditing standards

generally accepted in the United States of America by us and other auditors. In our opinion, based on our audit, the

proceduresperformedasdescribedabove,andthereportoftheotherauditors,theothersupplementaryinformation,as

describedinthetableofcontents,andthescheduleofexpendituresoffederalawardsisfairlystated,inallmaterialrespects,

inrelationtothebasicfinancialstatementsasawhole.



Theintroductoryandstatisticalsectionshavenotbeensubjectedtotheauditingproceduresappliedintheauditofthebasic

financialstatementsand,accordingly,wedonotexpressanopinionorprovideanyassuranceonthem.





TotheBoardofTrustees

LewisvilleIndependentSchoolDistrict



 5 LewisvilleISD2021ACFR

OtherReportingRequiredbyGovernmentAuditingStandards



In accordance with Government Auditing Standards, we have also issued our report dated December 6, 2021 on our

consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain

provisionsoflaws,regulations,contracts,andgrantagreementsandothermatters.Thepurposeofthatreportistodescribe

thescopeofourtestingofinternalcontroloverfinancialreportingandcomplianceandtheresultsofthattesting,andnotto

provideanopiniononinternalcontroloverfinancialreportingoroncompliance.Thatreportisanintegralpartofanaudit

performedinaccordancewithGovernment Auditing Standardsin consideringthe District’sinternalcontrolover financial

reportingandcompliance.



Dallas,Texas

December6,2021



 6 LewisvilleISD2021ACFR



 7 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT

MANAGEMENT'SDISCUSSIONANDANALYSIS



The management of the Lewisville Independent School District offers readers of the District's financial statements this

narrativeoverviewandanalysisofthefinancialactivitiesforthefiscalyearendedAugust31,2021.Readersareencouraged

to considertheinformationpresentedhere in conjunctionwiththe transmittal

letteratthefrontof this report and the

District'sfinancialstatements,whichfollowthisanalysis.



FINANCIALHIGHLIGHTS



 TheassetsanddeferredoutflowsoftheDistrictexceededitsliabilitiesanddeferredinflowsatthecloseofthefiscal

yearby$76.3million.Thedeficitinunrestricted netposition is

duetotheDistrict’snoncurrent liabilitiesof$120

millionfortheDistrict’sportionoftheTeacherRetirementSystem(TRS)netpensionliabilityand$139.6millionforthe

District’s portion of the TRS net other post‐employment benefits liability. The pension and OPEBrelated deferred

outflows of $72.7 million are offset

by deferred inflows of $164.6 million, which also contributes to the deficit

unrestrictednetposition.



 TheDistrict’stotalnetpositionincreasedby$54.4million,mainlyduetoincreasedpropertytaxrevenueandfederal

grants.



 TheDistrict'sgovernmentalfundsfinancialstatementsreportedacombinedendingfundbalanceof$436.0

million.

Thisbalanceconsistsof$170.8millionintheGeneralFundofwhich$132.4millionisassignedand$38.0millionis

unassignedandavailableforspendingattheDistrict'sdiscretion.Restrictedfundbalancetotals$258.8millionandis

usedbythe Debt ServiceFund, Capital ProjectsFundsandNon‐major

Funds.Non‐spendablefund balanceis $0.9

million,andtheremainingbalanceconsistsof$6.0millioncommittedintheNon‐majorgovernmentalfunds.



 Duringthefiscalyear,theDistrictissued$52.1millioninrefundingbondsto refundbondsintheamountof$52.7

million.Therefundingbondshadapremiumof$5.7millionandwereplacedinescrow.



 TheGeneralFundhad$519.1millioninrevenues,whichprimarilyconsistedofstateaidandpropertytaxes,and$529.7

millioninexpenditures,includingapaymenttotheStateforrecaptureintheamountof$50.7million.TheGeneral

Fundfundbalancedecreasedthisyearby$10.5million,largelydueto

therecaptureowedbytheDistrictduringthe

settle‐upprocessperformedbytheTexasEducationAgency.



OVERVIEWOFTHEFINANCIALSTATEMENTS



This discussion and analysis is intended to serve as an introduction to the District's financial statements.The financial

statementscomprisefourcomponents:(1)government‐widefinancialstatements,

(2)fundfinancialstatements,(3)notesto

the basic financial statements, and (4) federal awards section.The statements are followed by a section of other

supplementaryinformationthatfurtherexplainsandsupportstheinformationinthefinancialstatements.Thefollowing

chartsummarizesthemajorfeaturesoftheDistrict'sfinancialstatements,including

theportionoftheDistricttheycoverand

thetypesofinformationtheycontain.



AlsoincludedasadiscretelypresentedcomponentunitistheLewisvilleEducationFoundation,Inc.,anonprofitorganization

thatprovidessupporttotheDistrict,teachers,andstudents.

LEWISVILLEINDEPENDENTSCHOOLDISTRICT

MANAGEMENT'SDISCUSSIONANDANALYSIS(continued)



 8 LewisvilleISD2021ACFR

Government‐wide GovernmentalFunds Proprietar yFunds Fi duc ia ryFunds

Scope

EntireDi strict(except

fiduc ia ryfunds)

Theactivi ti es ofthe

Districtthatarenot

propr ieta r yor

fiduc ia ry,suchas

HealthandWorker s '

Compensation

Acti vi ti estheDistrict

operatessimilarto

privatebusiness‐

heal thinsuranceand

workers'

compensati on

Instancesinwhi chthe

Districtisthetrus teeor agent

forsomeone

els e's resources ,

suchasstudentactivi ty

a cc ounts

StatementofNetPosition Balancesheet

Statementofnet

position

Statementoffiduciarynet

position

StatementofActi vi ties

Statementofrevenues,

ex pendi turesand

changesinfund

ba la nce

Statementofrevenues,

ex pens esandchanges

infundnetposition

Statementofchanges in

fiduc ia r ynetposition(if

applicable)

Accountingbasisand



measurementfocus

Accruala ccounti ngand

economic resources focus

Modifiedaccrual 

a cc ountingandcurrent

financialresources 

focus

Accrual a cc ounting

andeconomi c

res ourcesfocus

Accrual a cc ountingand

economi cresourcesfocus

Typeofasset/liability

information

Al l assetsandliabilities,

bothfinancialandcapita l 

short‐termandlong‐term

Onlyassetsexpectedto

beusedupand

liabilities

thatcome

dueduringtheyearor

soonthereafter;no

Al l assetsand

liabilities,both

financialandcapita l ,

andshort‐termand

long‐term

Al l assetsandliabilities,both

short‐termandlong‐term;the

District'sfiduc ia ryfundsdo

notcurrentlycontaincapital 

assets,al thoughtheycan

Typeof

inflow/outflow

information

Al l

revenuesandexpenses 

duringtheyear ,regardles s

ofwhenca s hisrecei vedor

pa id

Revenuesforwhi ch

cas hisrecei vedduring

orsoonaftertheendof

theyear;expendi tures

whengoodsor servi ces

ha vebeenrecei vedand

pa ymentisdueduring

theyearor soon

thereafter.

Al l revenuesand

ex pens es

duringthe

year,regardles sof

whencas hisrecei ved

orpai d

Al l revenuesandexpenses

duringtheyear,regardles s of

whencas hisrecei vedorpai d

(notapplicabletoagency

funds )

FundSta tements

Requiredfinancial

statements



Government‐widefinancialstatements.Thegovernment‐widefinancialstatementsaredesignedtoprovidereaderswitha

broadoverviewoftheDistrict'sfinances,inamannersimilartoaprivate‐sectorbusiness.TheStatementofNetPosition

includesallofthegovernment'sassets,deferredoutflows,liabilities,and deferredinflows.Allof

thecurrentyear'srevenues

andexpensesareaccountedforintheStatementofActivitiesregardlessofwhencashisreceivedorpaid.



The two government‐wide statements report the District's net position and how they have changed.Net position, the

difference between the District's assets, deferred outflows, liabilities and deferred

inflows, is one way to measure the

District'sfinancialhealthorposition.



 Overtime,increasesordecreasesintheDistrict'snetpositionisanindicatorofwhetheritsfinancialhealthisimproving

ordeteriorating,respectively.



 ToassesstheoverallhealthoftheDistrict,additionalnonfinancialfactors,suchas

changesintheDistrict'staxbase,

shouldbeconsidered.



Thegovernment‐widefinancialstatementsoftheDistrictincludeonlygovernmentalactivities.TheDistrict'sbasicservices

included here are instruction, extracurricular activities, curriculum and staff development, health services, and general

administration.Propertytaxes,stateaidandgrantsfinancemostofthese

activities.



Fund financial statements. The fund financial statements provide more detailed information about the District's most

significantfunds‐nottheDistrictasawhole.Afundisagroupingofrelatedaccountsthatisusedtomaintaincontrolover

resourcesthathavebeensegregatedforspecificactivitiesorobjectives.The

District,likeotherstateandlocalgovernments,

uses fund accounting to ensure and demonstrate compliance with finance‐related legal requirements.Some funds are

requiredbystatelawandbybondcovenants,whilemanyotherfundsareestablishedbytheDistricttohelpmanagemoney

forparticularpurposesandcompliancewithvarious

grantprovisions.AllofthefundsoftheDistrictcanbedividedintothree

categories:governmentalfunds,proprietaryfunds,andfiduciaryfunds.

LEWISVILLEINDEPENDENTSCHOOLDISTRICT

MANAGEMENT'SDISCUSSIONANDANALYSIS(continued)



 9 LewisvilleISD2021ACFR

 Governmentalfunds‐MostoftheDistrict'sbasicservicesareincludedingovernmentalfunds,whichfocuson(1)how

cashandotherfinancialassetsthatcanreadilybeconvertedtocashflowinandout,and(2)thebalances

leftatyear‐

endthatareavailableforspending.Consequently,thegovernmentalfundstatementsprovideadetailedshort‐term

viewthathelpsthereaderdeterminewhethertherearemoreorfewerfinancialresourcesthatcanbespentinthe

nearfuturetofinancetheDistrict'sprograms.Becausethisinformationdoes

notencompasstheadditionallong‐term

focusofthegovernment‐widestatements,weprovideadditionalinformationonthesubsequentpagethatexplains

therelationship(ordifferences)betweenthem.



TheDistrictmaintainsindividualgovernmentalfunds.Informationispresentedseparatelyinthegovernmentalfund

balancesheetand inthegovernmentalfundstatement

ofrevenues,expenditures,andchangesinfundbalanceofthe

GeneralFund,theDebtServiceFundandtheCapitalProjectsFund,allofwhichareconsideredtobemajorfunds.Data

fromtheothergovernmentalfundsarecombinedintoasingleaggregatedpresentation.Individualfunddataforeach

ofthesenonmajor

governmentalfundsisprovidedintheformofcombiningstatementselsewhereinthisreport.



 Proprietaryfunds‐ServicesforwhichtheDistrictchargescustomersafeearegenerallyreportedinproprietaryfunds.

Proprietaryfunds,likethegovernment‐widestatements,providebothlong‐termandshort‐termfinancialinformation.

The

DistrictusesinternalservicefundstoreportactivitiesthatprovidesuppliesandservicesfortheDistrict'sother

programs and activities‐such as the Workers' Compensation Fund. The District established an enterprise fund to

accountforitsCulinaryArtsprogram.



 Fiduciaryfunds‐TheDistrictisthetrustee,orfiduciary,for

certainfunds.TheDistrictisresponsibleforensuringthat

theassetsreportedinthesefundsareusedfortheirintendedpurposes.TheDistrict'sfiduciaryactivitiesarereported

inaseparatestatementsoffiduciarynetpositionandchangesinnetposition.Weexcludetheseactivitiesfromthe

District'sgovernment‐widefinancialstatements

becausetheDistrictcannotusetheseassetstofinanceitsoperations.



Notestothebasicfinancialstatements.Thenotesprovideadditionalinformationthatisessentialtoafullunderstandingof

thedataprovidedinthegovernment‐wideandfundfinancialstatements.



Otherinformation.Inadditiontothebasicfinancial

statementsandaccompanyingnotes,thisreportalsopresentscertain

othersupplementaryinformationconcerningtheDistrict.



FINANCIALANALYSISOFTHEDISTRICT ASAWHOLE



NetPosition.Asnotedearlier,netpositionmayserveovertimeasausefulindicatorofaDistrict'sfinancialposition.The

District'scombinednetpositionincreasedbetween

fiscalyears2021and2020‐increasingby$54.4millionascanbeseenon

thefollowingtable.TheDistrict'snetinvestmentincapitalassetsincludesitsinvestmentsincapitalassets(e.g.land,building,

equipment,improvements,andconstructioninprogress)lessanydebt,usedtoacquirethoseassetsthatarestill

outstanding.

TheDistrict'snetinvestmentincapitalassetsis$200.9million.



TheDistrictusesthesecapitalassetstoprovideservicetocitizens;consequently,theseassetsarenotavailableforfuture

spending.AlthoughtheDistrict'sinvestmentinitscapitalassetsisreportednetofrelateddebt,itshouldbenotedthat

the

resourcesneededtorepaythisdebtmustbeprovidedfromothersources,sincethecapitalassetsthemselvescannotbeused

toliquidatetheseliabilities.



LEWISVILLEINDEPENDENTSCHOOLDISTRICT

MANAGEMENT'SDISCUSSIONANDANALYSIS(continued)



 10 LewisvilleISD2021ACFR

Thefollowingtableprovidesasummaryoftheassets,deferredoutflows,liabilities,deferredinflows,andnetpositionfor

governmentalactivitiesfortheyearsendedAugust31,2021and2020,respectively.



2021 2020

Currentandotherassets 538,972,765$ 702,320,233$

Capitalassets 1,429,252,261 1,325,516,748

TotalAssets 1,968,225,026 2,027,836,981

TotalDeferredOutflowsofResources 90,528,680 122,102,945

Currentliabilities 94,556,356 99,441,710

Long‐termliabilities 1,723,329,922 1,917,412,276

TotalLiabilities 1,817,886,278 2,016,853,986

TotalDeferredInflowsofResources 164,617,571 111,269,268

NetPosition

Netinvestmentin capitalassets

200,858,641 327,756,322

Restricted 71,500,147 52,223,170

Unrestricted (196,108,931) (358,162,820)

TotalNet

Position 76,249,857$ 21,816,672$



Aportionofthenetpositionisrestrictedastothepurposeforwhichtheycanbeused.Unrestrictednetpositiondecreased

by$5.8million.



Changesinnetposition.TheDistrict'stotalrevenueswere$762.5millionrepresentinganincreaseof$10.2millionfromthe

previousyear.Themajorityofthis

increaseiscausedbytheincreaseinlocalpropertytaxrevenueof$29.6milliondueto

higherassessedvaluesonproperties.Asseenbelow,approximately78%oftheDistrict'srevenuecomesfromtaxeswhilethe

remainingcomesprimarilyfromstateandfederalsources.





LEWISVILLEINDEPENDENTSCHOOLDISTRICT

MANAGEMENT'SDISCUSSIONANDANALYSIS(continued)



 11 LewisvilleISD2021ACFR

Government‐WideActivities



Funding for these government‐wide activities is by the specific program revenue or through general revenues such as

propertytaxesandinvestmentearnings.Thefollowingisasummaryofthegovernmentalfundsactivities:



•The

costofallgovernmentalactivitiesfortheyearwas$708.0million,anincreaseof$32.2millionfromtheprevious

year.



•Someofthegovernmentalactivitiescostwas fundedbyprogramrevenuesdirectlyattributabletospecificactivities.The

programrevenuesamountedto$105.1million,anincreasefromprioryearof

$0.7million.



ThefollowingtablepresentsthecostoftheDistrict'slargestgovernmentalfunctionsaswellastheirrelatednetcost(total

costlessfeesgeneratedby theactivities andintergovernmentalaid).Thenetcostreflectswhat wasfundedbylocaltax

dollars,staterevenuesandothermiscellaneousgeneralrevenues.



TotalCost NetCost

ofServices ofServices

Instructionandins tructionrelatedservices 369,612,709$ 312,867,831$

Schoolleadershipandadminstration 47,745,052 43,997,462

Support servicesstudent(pupil) 86,384,528 59,082,774

Support servicesnonstudentbased 68,288,109 61,830,439

Debtservice 47,337,256 45,262,683

619,367,654$ 523,041,189$



Asseeninthefollowingschedule:



 Theamountthatourtaxpayerspaidfortheseactivitiesthroughpropertytaxeswas$596.5million.



 Thosewhodirectlybenefitedfromtheprogramspaid$11.9million.



 Operatinggrantsandcontributionstotaled$93.2million.



LEWISVILLEINDEPENDENTSCHOOLDISTRICT

MANAGEMENT'SDISCUSSIONANDANALYSIS(continued)



 12 LewisvilleISD2021ACFR

Percentage

Changefrom

2021 2020 PriorYear

Revenues

ProgramRevenues:

Chargesforservices

11,866,667$ 21,153,088$ ‐43.90%

Operatinggrantsandcontributions

93,222,170 83,270,862 11.95%

GeneralRevenues:

Propertytaxes

596,531,617 566,972,949 5.21%

Stateandfederalgrants

57,729,140 48,649,501 18.66%

Investmentearnings

727,385 7,072,349 ‐89.72%

Miscellaneous

2,233,651 6,330,253 ‐64.71%

Specialitem

‐ 18,820,008 ‐100.00%

TotalRevenues

762,310,630 752,269,010 1.33%

Expenses

Instructionandinstructionrelatedservices

369,612,709 377,152,486 ‐

2.00%

Instructionalandschoolleadership

47,745,052 49,833,692 ‐4.19%

Supportservicesstudent(pupil)

86,384,528 88,054,072 ‐1.90%

Administrativesupportservices

11,709,998 11,525,327 1.60%

Supportservicesnonstudentbased 68,288,109 63,512,846 7.52%

Ancillaryservices

6,075,696 7,879,785 ‐22.90%

Interestandfiscalcharges

47,337,256 41,706,705 13.50%

Otherfacilitycosts

16,377,376 18,059,205 ‐9.31%

Intergovernmentalcharges

54,346,721 18,142,147 199.56%

TotalExpenses

707,877,445 675,866,265 4.74%

Increase(decrease)innetposition

54,433,185 76,402,745 ‐28.75%

NetPosition‐September1 21,816,672 (54,586,073) ‐139.97%

NetPosition‐August31 76,249,857$ 21,816,672$ 249.50%

ChangesintheDistrict'sNetPosition



RevenuesfortheDistrict'sgovernmentalactivitiesincreasedyearoveryearoverallby$10.1millionforthefiscalyearended

August31,2021.Theincreaseismainlycausedbytheincreaseinpropertytaxrevenueof$29.6millionduetoincreased

propertyvalues.TheDistrict’snewenterprisefund,CulinaryArts,generated

$12thousanddollars.



ExpensesfortheDistrict'sgovernmentalactivitiesincreasedyearoveryearby$32.2millionforthefiscalyearendedAugust

31,2021.Theincreasecausedbyintergovernmentalchargeswhichincludestherecapturepaymentof$51million.



TheDistrict’scombinedpropertytaxrateincreasedto$1.3473per$100of

assessedvaluefrom$1.3375per$100ofassessed

value.Thisgeneratedtaxrevenuesof$596.5millioninfiscalyear2021,anincreaseof$29.6millionoverthe2020fiscalyear.



LEWISVILLEINDEPENDENTSCHOOLDISTRICT

MANAGEMENT'SDISCUSSIONANDANALYSIS(continued)



 13 LewisvilleISD2021ACFR

FINANCIALANALYSISOFTHEDISTRICT'SFUNDS



GovernmentalFunds.ThefocusoftheDistrict'sgovernmentalfundsistoprovideinformationonnear‐terminflows,outflows,

and balances of spendable resources. Such information is useful in assessing the District's financing

requirements. In

particular,theunassignedfundbalancemayserveasausefulmeasureofagovernment'snetresourcesavailableforsp ending

attheendofthefiscalyear.



Asoftheendofthecurrentfiscalyear,theDistrict'sgovernmentalfundsreportedcombinedendingfundbalancesof$435.9

million,a

decreaseof$162.0millionincomparisonwiththeprioryear.Approximately9%ofthistotalamount($38.0million)

constitutesanunassignedfundbalance,whichisavailableforspendingattheDistrict'sdiscretion.Theremainingfundbalance

isnotavailableforspendingbecauseithasalreadybeencommitted,restricted,assignedoris

nonspendable.TheDistricthas

self‐imposedalimitationontheuseofotherwiseavailableexpendablefinancialresourcesingovernmentalfunds.TheBoard

hasresolvedthattheDistrictshallnotdropbelowaminimumofthreemonthsofexpenditures($132.4million)inassigned

fundbalanceintheGeneralFund.TheDistrict

has$187.8millioninrestrictedunspentbondproceedsinitscapitalprojects

fund.



GeneralFund.TheGeneralFundisthechiefoperatingfundof theDistrict.Attheendofthecurrentfiscalyear,unassigned

fundbalancefortheGeneralFundwas$38.0million,whiletotalfundbalancewas$170.8

million.Asameasureofthegeneral

fund'sliquidity,itmaybeusefultocomparebothunassignedfundbalanceandtotalfundbalancetototalfundexpenditures.

Unassignedfundbalancerepresents7.0%oftotalGeneralFundexpenditures,whiletotalfundbalancesrepresent32.2%of

thatsameamount.



TheDistrict'sGeneralFund

balancedecreasedby$10.4millionduringthecurrentfiscalyearincomparisontoanincreasein

theprioryearof$16.6million.Localrevenuesincreasedby$7.9millionprimarilyduetopropertytaxes.Staterevenues

increasedby$2.8million.



DebtServiceFund.TheDebtServiceFundhasatotalfund

balanceof$62.2million,allofwhichisrestrictedforthepayment

ofdebtservice.ThenetincreaseinfundbalanceduringthecurrentyearintheDebtServiceFundwas$14.4million.During

theyeartheDistrictalsoissuedrefundingbondsof$52.1million.



LEWISVILLEINDEPENDENTSCHOOLDISTRICT

MANAGEMENT'SDISCUSSIONANDANALYSIS(continued)



 14 LewisvilleISD2021ACFR

Thetablethatfollowsassistsinillustratingthefinancialactivitiesand balanceoftheDebtServiceFund.



2021 2020

Revenues

Propertytaxes 167,538,716$ 155,804,985$

Investmentincome 103,520 1,094,553

Staterevenues 1,578,452 1,892,667

TotalRevenues 169,220,688 158,792,205

Expendituresbyfunction

Principal 89,000,233 96,021,916

Interest 66,283,947 91,721,341

TotalExpenditures 155,284,180 187,743,257

OtherFinancingSources(Uses)

Refundingbondsissued 52,055,000 25,840,000

Netpremiumsonissuanceofbonds 5,672,637 4,960,452

TotalOtherFinancingSources(Uses) 579,919 30,800,452

Netchangeinfund

balance 14,516,427 1,849,400

Fundbalance‐September1 47,860,122 46,010,722

Fundbalance‐August31

62,376,549$ 47,860,122$



CapitalProjectsFund.TheCapitalProjectsFundhasatotalfundbalanceof$187.8million,allofwhichisrestrictedforongoing

capitalprojects.Thefundbalancedecreasedby$168.0millionduringthecurrentfiscalyearduetoongoingconstruction

projects.TheDistrict'sCapitalProjectsFundisusedtoaccount

forfinancialresourcesusedfortheacquisitionorconstruction

ofmajorcapitalfacilitiesspecificallyfundedbybondsapprovedbythevoters.Furtherdiscussionofthecurrentyearuseof

capitalprojectscanbefoundundertheCapitalAssetssection.



GeneralFundBudgetaryHighlights



InaccordancewithBoardPolicyCE

(Local),theDistrictsubmitsamendmentsduringthecourseofthebudgetyear.Approval

forbudgetincreasesforformallyadoptedfundsshallbemadebytheBoardofTrustees.TheBoarddelegatestheauthority

forapprovalofbudgetfunctionaltransferstothebudgetdepartment.TheDistrict'smajorbudgetamendmentspresented

tothe

BoardofTrusteesthroughouttheyeararesummarizedasfollows:



 Variances of original expenditure budget compared to amended budget‐The amended expenditure budget

increasedintheGeneralFundby$6.2millionfromtheoriginalbudget.



 Variances of amended budget to actual expenditures‐Expenditureswere $19.6millionless

thanfinalbudgeted

amounts.Purchasedandcontractedserviceswere$10.7millionunderbudget,avarianceof11.0%.Thevariance

includes utilities, transportation, contracted maintenance projects and other contracted services.Supplies and

materialswereunderbudgetby$2.6millionor15.8%.



 Variances of original revenue budget compared to actual revenue

‐ Local revenueswereunder budget by $21.3

million.Staterevenueswere$0.3millionunderbudget.Federalrevenueexceededbudgetby$6.5millionprimarily

duetoImpactAid,SHARSrevenueandindirectcosts. 

LEWISVILLEINDEPENDENTSCHOOLDISTRICT

MANAGEMENT'SDISCUSSIONANDANALYSIS(continued)



 15 LewisvilleISD2021ACFR

CapitalAssets



Attheendof2021,theDistrictinvested$1.4billioninabroadrangeofcapitalassets,includingland,equipment,buildings,

andconstructioninprogress.Thisamountrepresentsanetincreaseof$103.7millionor8%

fromlastyear.



ListedinthetablebelowarethecapitalassetsforgovernmentalactivitiesforthefiscalyearendedAugust31,2021and2020,

respectively:

Total%

2021 2020 Change

Land 103,359,677$ 103,359,677$ 0.00%

Buildingsandimprovements

1,738,990,874 1,605,712,241 8.30%

Vehicles

32,632,514 32,624,701 0.02%

Furnitureandequipment

27,399,078 26,828,050 2.13%

Constructioninprogress

106,921,213 87,679,756 21.95%

TotalatHistoricalCost

2,009,303,356 1,856,204,425 8.25%

Lessaccumulateddepreciationfor:

Buildingsandimprovements

555,479,758 510,423,284 8.83%

Vehicles

6,309,055 3,771,860 67.27%

Furnitureandequipment

18,262,282 16,492,533 10.73%

TotalAccumulatedDepreciation

580,051,095 530,687,677

9.30%

NetCapitalAssets

1,429,252,261$ 1,325,516,748$ 7.83%



AdditionalinformationontheDistrict'scapitalassetscanbefoundinNote5ofthisreport.



DebtAdministration



Attheendofthe2020‐2021fiscalyear,theDistricthadtotalbondeddebtof$1.463billion,adecreaseof7%percentfrom

theprioryear.Duringthefiscalyear,

theDistrictissuedrefundingbondswithaparvalueof$52.1millionandapremium

of$5.7million.



TheDistrictcontinuestoenjoyexcellentbondratings.TheDistrict’sbondspresentlycarryveryfavora bleratingsasfollows:



•

StandardandPoor’s“AA+”

•

FitchInvestorService“AA+”



MoredetailedinformationabouttheDistrict'sdebtispresentedintheNotestotheFinancialStatements(Note9).



The2021‐2022appraisedpropertyvaluesincreasedbyapproximately7.5%.ThepassageofHouseBill3bythe86thTexas

LegislaturechangedtheStatefundingformulastofocus

primarilyonrevenuesdeemedappropriateforvariouscategoriesof

student instructional settings. The funding for the District as projected under the provisions of House Bill 3 results in

approximatelysimilaramountsofavailablerevenueswithanincreaseintheprojectedrecapturepaymentsofapproximately

$1.5overprior.TheDistrictis

expectingtopayrecapturepaymentstotheStateinaccordancewithChapter49oftheTexas

EducationCodeintheamountof$57million.



TheMaintenanceandOperations(M&O)taxratedecreasedfrom$0.9664per$100valuationto$0.9276per$100valuation

forthe2021‐22fiscalyearinaccordance

withrequirementsofstatelaw.TheInterestandSinking(I&S)taxremainedthesame

at$0.38090per$100valuationfor2021‐22schoolyear.Studentenrollmentisexpectedtodecline slightlyfrom49,361to

49,209forfiscalyear2021‐2022.



LEWISVILLEINDEPENDENTSCHOOLDISTRICT

MANAGEMENT'SDISCUSSIONANDANALYSIS(continued)



 16 LewisvilleISD2021ACFR

GeneralFundexpendituresarebudgetedtoincreaseby$36millionor6.7percentovertheprioryearbudgetedexpenditures.

Majorexpenditurechangesincludeasalaryincreaseforteachers,aone‐timepayforeachdistrictemployee,newpositions,

increases

forsubstitutespayandrecapturepaymentsof$57million.



Iftheestimatesarerealized,theDistrict’sbudgetaryGeneralFundbalanceisexpectedtodecreaseby$26.6millionbythe

closeof2022fiscalyear.



RequestforInformation



Thisfinancialreportisdesignedtoprovideourcitizens,taxpayers,customers,investors,

andcreditorswithageneraloverview

oftheDistrict'sfinancesandtodemonstratetheDistrict'saccountabilityforthemoneyitreceives.Ifyouhavequestions

about this report or need additional financial information, contact the District's Chief Financial Officer at Lewisville

IndependentSchoolDistrictAdministrativeCenter,1565AWestMainStreet,

Lewisville,TX75067.



Seenotestothebasicfinancialstatements. 17 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitA‐1

STATEMENTOFNETPOSITION

August31,2021



ComponentUnit

(December31,2020)

GovernmentalActivities

Business‐Type

Activities Total

LewisvilleEducation

Foundation

Assets

1110 Cashandcashequivalents 496,568,066$ 12,655$ 496,580,721$ 5,143,220$

Receivables:

1225 Propertytaxes 8,070,429 ‐ 8,070,429 ‐

1230 Allowanceforuncollectibletaxes (897,989) ‐ (897,989) ‐

1240 Duefromothergovernments 16,289,604 ‐ 16,289,604 ‐

1250 Accruedinterest 7,422 ‐ 7,422 ‐

1290 Otherreceivables 77,392 ‐ 77,392 15,092

1300 Inventoriesat

cost 710,308 ‐ 710,308 ‐

1410 Prepaiditems 165,974 ‐ 165,974 6,878

Capitalassets(netofaccumulationdepreciationwhereapplicable): ‐

1510 Land 103,359,677 ‐ 103,359,677 ‐

1580 Constructioninprogress 106,921,213 ‐ 106,921,213 ‐

1520 Buildingsandimprovements 1,183,511,116 1,183,511,116 ‐

1531 Vehicles 26,323,459 26,323,459 ‐

1530 Furnitureandequipment 9,136,796 9,136,796 ‐

1810 RestrictedCashandInvestments 17,981,559 ‐ 17,981,559 ‐

1000 TotalAssets 1,968,225,026 12,655 1,968,237,681 5,165,190

DeferredOutflows

ofResources

Deferredoutflows‐chargeonrefunding

17,767,251 17,767,251 ‐

Deferredoutflows‐pension

46,920,117 46,920,117 ‐

Deferredoutflows‐OPEB

25,841,312 25,841,312 ‐

1700

TotalDeferredOutflowsofResources

90,528,680 ‐ 90,528,680 ‐

Liabilities

2110 Accountspayable 40,136,728 ‐ 40,136,728 15,693

2140 Interestpayable 2,232,856 ‐ 2,232,856 ‐

2150 Payrolldeductionsandwithholdingspayable 4,247,105 ‐ 4,247,105 ‐

2160 Accruedwagespayable 37,660,622 ‐ 37,660,622 ‐

2180 Dueto

othergovernments 8,735,303 ‐ 8,735,303 ‐

2300 Unearnedrevenue 1,543,742 ‐ 1,543,742 ‐

NoncurrentLiabilities: ‐

2501 Duewithinoneyear 99,786,242 ‐ 99,786,242 ‐

2502 Dueinmorethanoneyear 1,363,899,687 ‐ 1,363,899,687 ‐

2540 Netpensionliability 120,078,526 ‐ 120,078,526 ‐

2545 NetOtherPostEmploymentBenefits(OPEB)liability 139,565,467 ‐ 139,565,467 ‐

2000 TotalLiabilities 1,817,886,278 ‐ 1,817,886,278 15,693

DeferredInflowsofResources

Deferredinflows‐pension

46,924,901 ‐ 46,924,901 ‐

Deferredinflows‐OPEB

117,692,670 ‐ 117,692,670 ‐

2600

TotalDeferredInflowsofResources

164,617,571 ‐ 164,617,571 ‐

NetPosition

3200 Netinvestmentincapitalassets 200,858,641 ‐ 200,858,641 ‐

Restrictedfor:

3840 Foodservice 7,353,837 ‐ 7,353,837 ‐

3820 Grants 1,772,472 ‐ 1,772,472 ‐

3850 Debtservice 62,373,838 ‐ 62,373,838 ‐

3860 Capitalprojects ‐ ‐ ‐ ‐

3890 Expendable ‐ ‐ ‐ 528,4 57

3890 Nonexpendable ‐ ‐ ‐ 3,359,769

3900 Unrestricted

 (196,108,931) 12,655 (196,096,276) 1,261,271

3000 TotalNetPosition(Deficit) 76,249,857$ 12,655$ 76,262,512$ 5,149,497$

Data

Control

Codes

PrimaryGovernment(August31,2021)



Seenotestothebasicfinancialstatements. 18 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitB‐1

STATEMENTOFACTIVITIES Page1of2

FortheYearEndedAugust31,2021



Data

Control

Codes Functions/Programs Expenses

Chargesfor

Services

OperatingGrantsand

Contributions

PrimaryGovernment:

Governmentalactivities:

11 Instruction 357,161,456$ 1,003,841$ 53,929,333$

12 Instructionresources&mediaservices 7,834,404 15,601 157,375

13 Curriculum&instructionalstaffdevelopment 4,616,849 16,473 1,622,255

21 Instructionalleadership 12,473,021 52,519 1,055,652

23 Schooladministration 35,272 ,031 255,768 2,383,651

31 Guidanceandcounseling 25,434,888 214,687 1,994,112

32 Socialworkservices 426,078 ‐ 461,556

33 Healthservices 7,275,834 549

514,855

34 Pupiltransportation 16,040,794 ‐ 68,135

35 Foodservices 20,248,533 1,953,858 18,753,236

36 Co‐curricularactivities 16,958,401 2,759,958 580,808

41 Generaladministration 11,709,998 144,193 4,414,724

51 Plantmaintenanceandoperation 47,871,728 1,662,503 1,835,651

52 Securityandmonitoring 4,052,939 ‐ 693,882

53 Dataprocessingservices 16,363,442 ‐ 2,265,634

61 Communityservices 6,075,696 3,786,717 395,221

71 Interestandfiscalchargesonlong‐termdebt 47,337,256 ‐ 2,074,573

81 Otherfacilitycosts 16,377,376 ‐ 21,517

91 PurchaseofWADA 50,745,313 ‐ ‐

Fiscalagent/memberdistrict

ofsharedservicearrangement 131,200 ‐ ‐

99 Otherintergovernmentalcharges 3,470,208 ‐ ‐

TG TotalGovernmentalActivities 707,877,445 11,866,667 93,222,170

Business‐TypeActivities:

01 CulinaryArts 995 13,650 ‐

TP Totalprimarygovernment 707,878,440$ 11,880,317$ 93,222,170$

ComponentUnits:

LewisvilleEducationFoundation,Inc. 873,071$ ‐$ 1,310,780$

ProgramRevenue







Seenotestothebasicfinancialstatements. 19 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitB‐1

STATEMENTOFACTIVITIES Page2of2

FortheYearEndedAugust31,2021

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Data

Control

Codes Functions/Programs GovernmentalActivities

Business‐Type

Activities Total

ComponentUnitYear

Ended

December31,2020

PrimaryGovernment:

Governmentalactivities:

11 Instruction (302,228,282)$ (302,228,282)

12 Instructionresources&mediaservices (7,661,428) (7,661,428)

13 Curriculum&instructionalstaffdevelopment (2,978,121) (2,978,121)

21 Instructionalleadership (11,364,850) (11,364,850)

23 Schooladministration (32,632,612) (32,632,612)

31 Guidanceandcounseling (23,226,089) (23,226,089)

32 Socialworkservices 35,478 35,478

33 Healthservices (6,760,430) (6,760,430)

34 Pupiltransportation (15,972,659) (15,972,659)

35 Foodservices 458,561 458,561

36 Co‐curricularactivities (13,617,635)

 (13,617,635)

41 Generaladministration (7,151,081) (7,151,081)

51 Plantmaintenanceandoperation (44,373,574) (44,373,574)

52 Securityandmonitoring (3,359,057) (3,359,057)

53 Dataprocessingservices (14,097,808) (14,097,808)

61 Communityservices (1,893,758) (1,893,758)

71 Interestandfiscalchargesonlong‐termdebt (45,262,683) (45,262,683)

81 Otherfacilitycosts (16,355,859) (16,355,859)

91 PurchaseofWADA (50,745,313) (50,745,313)

Fiscalagent/memberdistrict

ofsharedservicearrangement (131,200) (131,200)

99 Otherintergovernmentalcharges (3,470,208) (3,4 70,208)

TG TotalGovernmentalActivities (602,788,608) ‐ (602,788,608)

Business‐

TypeActivities:

01 CulinaryArts ‐ 12,655 12,655

TP Totalprimarygovernment (602,775,953) 12,655 (602,775,953)

ComponentUnits:

LewisvilleEducationFoundation,Inc. 437,709$

GeneralRevenues:

Taxes:

MT Propertytaxes‐maintenance&operations 428,000,897 428,000,897 ‐

DT Propertytaxes‐debtservices 168,530,720 168,530,720 ‐

SF Unrestrictedstateaidformulagrants 43,800,094 43,800,094 ‐

GC Medicaidreimbursements 8,008,708 8,008,7 08 ‐

GC Unrestrictedfederalandstategrants 5,920,338 5,920,338 ‐



IE Investmentearnings(loss) 727,385 727,385 49,943

MI Miscellaneous 2,233,651 2,233,651 ‐

TotalGeneralRevenues 657,221,793 ‐ 657,221,793 49,943

CN Changeinnetposition 54,433,185 12,655 54,445,840 487,652

NB NetPosition‐Beginning 21,816,672 ‐ 21,816,672 3,920,719

NE NetPosition‐Ending 76,249,857$ 12,655$ 76,262,512$ 5,149,497$

Net(Expense)Revenueand

ChangesinNetPosition(August31,2021)







Seenotestothebasicfinancialstatements. 20 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitC‐1

BALANCESHEET‐GOVERNMENTALFUNDS Page1of2

August31,2021



Data

Control

Codes Gener alFund

DebtServic e

Fund

CapitalProjects

Fund

Assets

1110 Ca s handtemporaryi nves tments 207,734,142$ 44,609,286$ 221,475,847$

Receivables:

1220 Deli nquentproper tytaxesreceivables 5,829,641 2,240,788 ‐

1230 All owanceforuncollectibletaxes (credit) (656,018) (241,971) ‐

1240 Recei vabl es fro mothergovernm e nts 1,511,982 17,022 ‐

1250 Accruedinteres t 7,422 ‐ ‐

1260 Duefro motherfunds 18 ,119 ,410 ‐ ‐

1290 Other receivables 77,392 ‐ ‐

1300 Inventori es ,atcos t 180,852 ‐ ‐

1410 Prepaid

i tems 165,974 ‐ ‐

1810 Res tr i ctedCashandInvestments ‐ 17,981,559 ‐

1000 TotalAssets 232,970,797$ 64,606,684$ 221,475,847$

Liabilities,DeferredInflows,andFundBalance

Liabilities:

2110 Accounts payabl e 5,113 ,099$ ‐$ 32,108,413$

2150 Payroll deduc tionsandwithholdings 4,247,105 ‐ ‐

2160 Accruedwagespayabl e 37,427,503 ‐ ‐

2170 Duetootherfunds 277,983 ‐ 1,566,542

2180 Payabl etoothergovernments 8,732,630 ‐ ‐

2300 Unea rnedrevenue 804,6 54 ‐ ‐

2000 TotalLiabilities 56,602,974 ‐

 33,674,955

DeferredInflowsofResources

Unavailabl erevenue‐propertytaxes 5,756,769 2,230,135 ‐

2600 TotalDeferredInflowsofResources 5,756,769 2,230,135 ‐

FundBalance:

N onspe ndable:

3410 Inventories 180,852 ‐ ‐

3430 Prepa i di tems 1 65,974 ‐ ‐

Restricted:

3450 Gra nts ‐ ‐ ‐

3470 Capitala cquisitionprogram ‐ ‐ 187,800,892

3480 Debtservice ‐ 62,376,549 ‐

Committed:

3545 Campusactivi ty‐ ‐ ‐

Assigned:

3590 Mini mumfundba lancepoli cy 132,414,318 ‐ ‐

3600 Unassigned 37,849,910 ‐ ‐

3000 TotalFund

Balances 170,611,054 62,376,549 187,800,892

4000

TotalLia bilities,DeferredInflows,and

FundBalance

232,970,797$ 64,606,684$ 221,475,847$







Seenotestothebasicfinancialstatements. 21 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitC‐1

BALANCESHEET‐GOVERNMENTALFUNDS Page2of2

August31,2021



Data

Control

Codes FederalFunds

Nonmajor

Governmental

Funds

Total

Governmental

Funds

Assets

1110 Cashandtem poraryinvestments 4,186,134$ 14,703,810$ 492,709,219$

Receivables:

1220 Delinquentpropertytaxesreceivables ‐ 8,070,429

1230 Allowanceforuncollectibletaxes(credit) ‐ (897,989)

1240 Receivablesfromothergovernments 12,677,289 2,083,313 16,289,606

1250 Accruedinterest ‐ 7,422

1260 Duefromotherfunds ‐ 18,119,410

1290 Otherreceivables ‐ 77,392

1300 Inventories,atcost 529,456

 710,308

1410 Prepaiditems ‐ 165,974

1810 RestrictedCashandInvestments ‐ 17,981,559

1000 TotalAssets 16,863,423$ 17,316,579$ 553,233,330$

Liabilities,DeferredInflows,andFundBalance

Liabilities:

2110 Accountspayable 316,072$ 1,255,193$ 38,792,777$

2140 Accruedinterestpayable ‐ ‐

2150 Payrolldeductionsandwithholdings ‐ 4,247,105

2160 Accruedwagespayable 233,119 37,660,622

2170 Duetoother funds 16 ,547 ,351 5,517 18,397,393

2180 Payabletoother

governments 2,673 8,735,303

2300 Unearnedrevenue 739,088 1,543,742

2000 TotalLiabilities 16,863,423 2,235,590 109,376,942

DeferredInflowsofResources

Unavailablerevenue‐property taxes ‐ 7,986,904

2600 TotalDeferredInflowsofResources ‐ ‐ 7,986,904

FundBalance:

Nonspendable:

3410 Inventories 529,456 710,308

3430 Prepaiditems ‐ 165,974

Restricted:

3450 Grants ‐ 8,596,853 8,596,853

3470 Capitalacquisit ion program ‐ 187,800,892

3480 Debtservice ‐ 62,376,549

Committed:

3545 Campusactivity 5,954,680 5,954,680

Assigned:

3590 Minimum

fundbalancepolicy ‐ 132,414,318

3600 Unassigned ‐ 37,849,910

3000 TotalFundBalances ‐ 15,080,989 435,869,484

4000

TotalLiabilities,DeferredInflows,and

FundBalance

16,863,423$ 17,316,579$ 553,233,330$



Seenotestothebasicfinancialstatements. 22 LewisvilleISD2021ACFR



Seenotestothebasicfinancialstatements. 23 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitC‐1R

RECONCILIATIONOFGOVERNMENTALFUNDSBALANCESHEETTOTHESTATEMENTOFNETPOSITION

August31,2021



Data

Control

Codes

Totalfundbal ance,governmenta lfunds 435,869,484$

Amounts reportedforgovernmentalacti vi ties inthes tatementofnetpositi on(A‐

1)aredi fferentbecause:

1 Capita lass etsusedingovernmentalactivi tiesarenotfina ncialres ourcesand

thereforearenotreportedasassetsingovernmentalfunds . 2,009,303,356

Accumula teddepr eciationhasnotbeenincluded

inthegovernmentalfund

financials ta tements . (580,051,095)

3 Propertytaxesreceivableha vebeenleviedandareduethi syea r,butarenot

avail abl esoonenoughtopayforthecurrentper iod'sexpenditures,these

propertytaxesandrel a tedpenaltyandinterestamounts(n etofallowancefor

uncollectiblea ccounts ).

7,986,904

4 Deferredcha rges onrefundi ng 17,767,251

5 Deferredinflowsandoutflowsrel a tedtopensionliability (4,784)

6 Deferredinflowsandoutflowsrel a tedtoOPEBliability (91,851,358)

Long‐termliabilities,includingbondspa yable,arenotdueandpaya bleinthe

currentperiod,andthereforearenotreportedasliabilitiesinthefunds .Long‐

termliabilitiesatyea rendconsi s tof:

Generalobligationbonds (1,315,387,363)

8 Premiums oniss ua nce (118,574,400)

9 Accretedinterestonpr emi umcompoundinterestbonds (26,212,025)

10 Accruedcompensatedabsences (3,512,141)

11 Accruedinterestpayabl e (2,232,858)

12 Netpensionliability (120,078,526)

13 NetOPEBliability (139,565,467)

19 Additi onofInterna lServicefundnetpos i tion 2,792,879

TotalNetPosition‐GovernmentalActivities 76,249,857$





Seenotestothebasicfinancialstatements. 24 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitC‐2

STATEMENTOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE Page1of2

FortheYearEndedAugust31,2021



Data

Contr ol

Codes GeneralFund DebtServiceFund

CapitalProjects

Fund

Revenues

5700 Loca l ,intermediate,andout‐of‐s tate 432,991,060$ 167,642,236$  202,664$

5800 Statepr ogramrevenues 69,606,559 1,578,452 ‐

5900 Federa lprogramrevenues 16,379,921 ‐ 996,131

5020 TotalRevenues 518,977,540 169,220,688 1,198,795

Expe nditures

Current:

0011 Ins truction 293,623,560 ‐ ‐

0012 Ins tructi onal res ources andmedi aservic es 6,489,203 ‐ ‐

0013 Cur ri cul umandinstructionalstaffdevel opment 3,208,721 ‐ ‐

0021 Ins tructi onal leaders hi p 11,780,121 ‐ ‐

0023 School

l ea ders hi p 33,125,033 ‐ ‐

0031 Gui dance,counselingandeval uati ons ervi ces 24,110,374 ‐ ‐

0032 Social workservi ces 373,315 ‐ ‐

0033 Healthser vic es 7,041,696 ‐ ‐

0034 Studenttra ns porta tion 13,520,165 ‐ ‐

0035 Foodservic es 43,322 ‐ ‐

0036 Extra c urri cul a ra ctivi ties 9,942,511 ‐ ‐

0041 Generaladmi ni s tr ation 11,106,432 ‐ ‐

0051 Faci l ities maintenanc eandopera ti ons 41,578,802 ‐ ‐

0052 Securi tyandmoni torings ervi ces 3,241,666 ‐ ‐

0053 Data pr ocessings ervi ces 11,071,527 ‐ ‐

0061 Communi tys ervi ces 4,990,116 ‐ ‐

Debtservice:

0071 Pri nci palonlong‐termdebt

‐ 89,000,233 ‐

0072 Interes tonlong‐termdebtandfees ‐ 66,283,947 ‐

Capitaloutlay:

0081 Faci l ities acquisitionandconstruc tionexpendi tures 63,990 ‐ 170,106,538

Intergovernmental:

0091 PurchaseofWADA 50,745,313 ‐ ‐

0093 Payments rel a tedtosharedservi ces arra ngements 131,200 ‐ ‐

0099 Otherintergovernmentalcha rges 3,470,208 ‐ ‐

6030 TotalExpenditures 529,657,275 155,284,180 170,106,538

1100 Excess(deficiency)ofrevenues overexpendi tures (10,679,735) 13,936,508 (168,907,743)

Other FinancingSources

(Uses)

7901 Refundingbondsissued ‐ 52,055,000 ‐

7912 Sal eofreal orpersonalproperty 139,053 ‐ 918,000

7915 Tr ans fers in ‐ ‐ ‐

7916 Premiumor discountonissuanceofbonds ‐ 5,672,637 ‐

8911 Tr ans fers out (2,325) ‐ ‐

8949 PaymenttoBondRefundingEscrowAgent ‐ (57,147,718) ‐

7080 TotalOther FinancingSourcesandUses 136,728 579,919 918,000

1200 Netcha ngeinfundbal a nces (10,543,007)

14,516,427 (167,989,743)

0100 FundBalance‐Beginning 181,154,061 47,860,122 355,790,635

3000

FundBalance‐Ending

170,611,054$ 62,376,549$ 187,800,892$



Seenotestothebasicfinancialstatements. 25 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitC‐2

STATEMENTOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE Page2of2

FortheYearEndedAugust31,2021



Data

Control

Codes

Federal

Funds

Nonmajor

Governmental

Funds

TotalGovernmental

Funds

Revenues

5700 Local,intermediate,andout‐of‐state ‐$ 5,998,628$ 606,834,588$

5800 Stateprogramrevenues ‐ 3,004,131 74,189,142

5900 Federalprogramrevenues 34,295,306 19,020,629 70,691,987

5020 TotalRevenues 34,295,306 28,023,388 751,715,717

Expenditures

Current:

0011 Instruction 29,393,931 4,245,518 327,263,009

0012 Instructionalresourcesandmediaservices 12,001 56,186 6,557,390

0013

Curriculumandinst ructionalstaffdevelopment 1,316,917

 39,298 4,564,936

0021 Instructionalleadership 312,630 1,902 12,094,653

0023 Schoolleadership 225,197 541,785 33,892,015

0031

Guidance,counselingandevaluationservices 324,918 511,960 24,947,252

0032 Socialworkservices ‐ ‐ 373,315

0033 Healthservices 6,521 1,630 7,049,847

0034 Studenttransportation 67,610 ‐ 13,587,775

0035 Foodservices ‐ 17,603,931 17,647,253

0036 Extracurricularactivities 14,452 705,379 10,662,342

0041 Generaladministration 311,723 19,139 11,437,294

0051 Facilitiesmaintenanceandoperations 6,695 1,687,869 43,273,366

0052 Securityand

monitoringservices 3,851 619,938 3,865,455

0053 Dataprocessingservices 2,060,666 ‐ 13,132,193

0061 Communityservices 238,194 3,995 5,232,305

Debtservice:

0071 Principalonlong‐termdebt ‐ 89,000,233

0072 Interestonlong‐termdebtandfees ‐ 66,283,947

Capitaloutlay:

0081

Facilitiesacquisitionandconstructionexpenditures ‐ 170,170,528

Intergovernmental:

0091

PurchaseofWADA ‐ 50,745,313

0093

Paymentsrelatedtosharedservicesarrangements ‐

131,200

0099 Otherintergovernmentalcharges ‐ 3,470,208

6030 TotalExpenditures 34,295,306 26,038,530 915,381,829

1100 Excess(deficiency)ofrevenuesoverexpenditures ‐ 1,984,858 (163,666,112)

OtherFinancingSources(Uses)

7901 Refundingbondsissued ‐ 52,055,000

7912 Saleofrealorpersonalproperty ‐ 1,057,053

7915 Transfersin 2,325 2,325

7916 Premiumordiscountonissuanceofbonds ‐ 5,672,637

8911 Transfersout ‐ (2,325)

8949 Payment

toBondRefundingEscrowAgent ‐ (57,147,718)

7080 TotalOtherFinancingSourcesandUses ‐ 2,325 1,636,972

1200 Netchangeinfundbalances ‐ 1,987,183 (162,029,140)

0100 FundBalance‐Beginning ‐ 13,093,806 597,898,624

3000

FundBalance‐Ending

‐$ 15,080,989$ 435,869,484$



Seenotestothebasicfinancialstatements. 26 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitC‐3

RECONCILIATIONOFSTATEMENTOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE

OFGOVERNMENTALFUNDSTOTHESTATEMENTOFACTIVITIES

FortheYearEndedAugust31,2021



Data

Control

Codes

Netchangeinfu ndbalances‐totalgovernme nt alfunds(fromC‐2) (162,0 29,140)$

Amountsreportedforgovernme ntal acti viti esinthestatementofactivi ties(B‐1)aredi fferentbecause:

Governmental funds report capi tal outlays as expenditures. However, i n the statement of acti viti es,

thecostofthoseassetsisall ocatedov ertheirestimateduseful livesasdepr eciationexpense.

1 Governmentalfundscapi ta l outl a y 155,515,345

2 Governmentalacti vi ti es

depreciationexpens e (51,507,329)

3 Governmentalfundsreporttheentiresalespricefromsaleofanas setasrevenuebecauseitpr ovides

currentfi nancial res ources .Incontra st,theStatementofActiviti esreportsonlythegainorlossonthe

saleoftheass ets.

(272,503)

Property tax revenues in the statement of activities thatdo not provide current financial resources are

notreportedasrevenues inthefunds . 3,463,221



5 Repayment of bond principal is an expenditure in the governmental funds, b ut the repa yment r educes

long‐termliabilitiesinthesta tementofnetposi ti on. 89,0 00,2 33

6 Proceeds from i s suance of refundi ng ($52,055,000) a nd premium on long‐term debt of ($5,672,6 37) is

reportedasanotherfinancingsourceinthegovernmentalfunds. (57,727,637)

7 Changesindefer redoutflows relatedtopens ionandOPEB (27,790,305)

8 Changesindefer redinflowsrel a tedtopens ionandOPEB (53,348,303)

9 Increas eininterestpayableisnot

recogni zedinthefundsta tements . 291,959

10 Changesinthenetpens ionl i a bi l i ti es 39,388,733

11 ChangesinthenetOPEBliabilities 44,2 11,143

Proceeds fromrefundingbondsplacedinescrowareshownas acurrentuseonthefundfinanc ial

statements,butrepresentanincreaseinnetpositionatthegovernme nt ‐widefinancialstatements 57,147,718

Some expenses reported in the statement of activities do n ot r equire the use of current finan cial

res ources andthes e arenotreportedasexpendi tures ingovernmentalfunds:

13 Amortizationofpremiums,deferredcharges on refunding 12,848,6 95

14 Capitalappreciationbondsmaturedandrel a tedaccretedi nteres t 5,806,035

15 Increaseinlongtermcompens a ti onabs ences (376,528)

16 Interna l servi ce funds a re used by ma na gement to charge the cos ts of certai n a cti vi ti es, s uch a s

in surances, to individual funds. The net revenue (expense) of the internal service funds is reported

withgovernme nt alfunds.(seeD‐2) (188,152)

Change innetpositionofgovernmentalactivities(seeB‐

54,4 33,1 85$





Seenotestothebasicfinancialstatements. 27 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitC‐4

STATEMENTOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE‐

BUDGET(GAAP)ANDACTUAL‐GENERALFUND

FortheYearEndedAugust31,2021



BudgetedAmounts

Original Final

Revenues

5700 Loca lrevenues 454,284,969$ 454,284,969$ 432,991,060$ (21,293,909)$

5800 Sta tepr ogra mrevenues 66,397,489 69,897,489 69,606,559 (290,930)

5900 Federalprogramrevenues 9,994,113 9,994,113 16 ,379,921 6,385,808

5020 TotalRevenues 530,676,571 534,176,571 518,977,540 (15,199,031)

Expenditures

Current:

0011 I ns tructi on 311,727,753 297,946,214 293,623,560 4,322,654

0012 I ns tructi onal res ourcesandmedias ervi ces 6,633,367 6,730,745 6,489,203 241,542

0013 Curri cul umandstaffdevel opment 3,478,499 3,580,979 3,208,721 372,258

0021 I ns tructi onal lea ders hi p 11,877,813 12,468,527 11 ,780,121

 688,406

0023 Schooll ea ders hi p 32,687,639 33,412,331 33,125,033 287,298

0031

Gui dance,counselingand

eva lua tions ervi ces 24,064,740 24,498,558 24,110,374 388,184

0032 Socia lworks ervi c es 404,482 377,977 373,315 4,662

0033 Healthservi c es 5,726,308 7,077,439 7,041,696 35,743

0034 Studenttransporta ti on 15,469,983 14,100,346 13,520,165 580,181

0035 Foods er vic es 48,777 4 9,160 43,322 5,838

0036 Extra curri c ul a ra ctivi ties 12,418,867 10,957,474 9,942,511 1,014,963

0041 Genera ladmi ni s tra tion 11,565,520 11,716,333 11 ,106,432 609,901

0051 Facilitiesmaintenanceandoper ations 44,310,942

 45,255,636 41,578,802 3,676,834

0052 Securi tyandmonitorings ervi ces 3,493,183 3,612,387 3,241,666 370,721

0053 Datapr oc ess ings ervi ces 12,883,234 13,049,827 11,071,527 1,978,300

0061 Communitys ervi c es 9,565,300 9,640,743 4,990,116 4,650,627

0081 Facilitiesac quisi tionandconstruc tion ‐ ‐ 63,990 (63,990)

Intergovernment al:

0091 Contra ctedinstructionals ervi ces 32,444,332 50,84 4,332 50,745,313 99,019

0093 Pa yments rel a tedtosharedservices

a rra ngements 210,000 131,412 131,200 212

0095 Pa yments toJuvenileJusticeAl t.Ed.

Prgm. 200,000 185,351 ‐ 185 ,351

0099 Other intergovernmental c harges 3,850,000 3,850,000 3,470,208 379,792

6030 TotalExpenditures 543,060,739 549,485,771 529,657,275 19,828 ,496

1100 Exces s (d eficiency)ofr evenuesover

expenditures (12,384,168) (15,309,200) (10,679,735) 4,629,465

Othe rFinancingSources(Uses)

7912 Saleofrea l orpersonalproperty ‐ ‐ 139,053 139,053

8911 Opera tingtra nsfersout ‐ ‐ (2,325) 2,325

7080 Totalotherfinancingsourc esanduses ‐ ‐ 136,728

 141,378

1200 Netchangeinfundbala nces (12,384,168) (15,309,200) (10,543,007) 4,770 ,843

0100 Fundbalances‐Beginning 181,154,061 181,154,061 181,154,061 ‐

3000 Fundbalances‐Ending 168,769,893$ 165,844,861$ 170,611,054$ 4,770,843$



ActualAmounts,

GAAPBasis

Var iancewith

FinalBudget

Data

Contr ol

Codes







Seenotestothebasicfinancialstatements. 28 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitD‐1

STATEMENTOFNETPOSITION‐PROPRIETARYFUNDS

August31,2021



Business‐Type

Activity

Governmental

Activities

CulinaryArts

InternalService

Fund

Assets

CurrentAssets:

Cashandcashequivalents 12,655$ 3,858,847$

Duefromotherfunds ‐ 277,983

TotalAssets 12,655 4,136,830

Liabilities

CurrentLiabilities:

Accountspayable‐ 4,500

Accruedexpenses ‐ 1,339,451

TotalLiabilities ‐ 1,343,951

NetPosition

Unrestrictednetposition 12,655 2,792,879

TotalNetPosition 12,655$ 2,792,879$





Seenotestothebasicfinancialstatements. 29 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitD‐2

STATEMENTOFREVENUES,EXPENSES,ANDCHANGESINFUNDNETPOSITION‐PROPRIETARYFUNDS

FortheYearEndedAugust31,2021



Business‐Type

Activity

Governmental

Activities

CulinaryArts

InternalService

Fund

OperatingRevenues

Usercharges 13,650$

Premiums ‐ 1,097,792$

TotalOperatingRevenues 13,650 1,097,792

OperatingExpenses

Payrollcosts 867 ‐

Professionalandcontractedservices ‐ 85,060

Suppliesandmaterials 128 ‐

Claimsandpremiums ‐ 1,205,342

TotalOperatingExpenses 995 1,290,402

OperatingIncome 12,655 (192,610)

Non‐OperatingRevenues

Interestincome ‐ 4,458



TotalNon‐operatingRevenues ‐ 4,458

ChangeinNetPosition 12,655 (188,152)

NetPosition‐September1(Beginning) ‐ 2,981,031

NetPosition‐August31(Ending) 12,655$ 2,792,879$



Seenotestothebasicfinancialstatements. 30 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitD‐3

STATEMENTOFCASHFLOWS‐PROPRIETARYFUNDS

FortheYearEndedAugust31,2021



Business‐Type

Activity

Governmental

Activities

CulinaryArts

InternalService

Fund

CashFlowsfromOper at ingAct ivities:

Cash recei vedforpremiumsfromother funds ‐$ 1,170,361$

Cash recei vedfromuserchar ges 13,650

Cash paidforcl a i ms andpr emiums ‐ (1,163,919)

Cash paidforsupplies (128)

Cash paidforpayrollcosts (867)

NetCashprovidedforOper atingActivities 12,655

6,442

CashFlowsfromInvestingActivities:

Interestrecei vedoninvestments ‐ 4,458

NetCashProvidedbyInvestingActivities ‐ 4,458

NetincreaseinCashandCashEquivalents 12,655 10,900

CashandCashEquivalentsatBeginningofYe ar 3,847,947

CashandCashEquivalentsatEndofYe ar 12,655$ 3,858,847$

ReconciliationofOperatingIncometo

NetCash

Providedby(usedin)Oper at ingActivities:

Opera tingIncome(Los s ) 12,655 (192,610)$

Adjustment stoReconcileOperatingIncometoNetCash

ProvidedbyOperatingActivities:

Increaseininterfundreceivables ‐ 72,569

Decreaseinaccruedexpenses ‐ 126,483

TotalAdjustm ents ‐ 199,052

NetCashProvidedforOper atingActivities 12,655$ 6,442$



Seenotestothebasicfinancialstatements. 31 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitE‐1

STATEMENTOFFIDUCIARYNETPOSITION 

August31,2021



Custodial

Funds

Assets

Cashandcashequivalents 3,257,750$ 

Receivablefromoutsideentities 434,462

TotalAssets 3,692,212$

Liabilities

Accountspayable 22,422

TotalLiabilities 22,422

NetPosition

Restrictedforstudentactivities 1,393,335

Restrictedforoutsideentities(CISNT) 2,276,455

TotalNetPosition 3,669,790





Seenotestothebasicfinancialstatements. 32 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitE‐2

STATEMENTOFCHANGESINFIDUCIARYNETPOSITION

August31,2021



CustodialFunds

Additions

Contributions‐studentactivities 690,718$

Collections‐CISNT 5,960,246

TotalAdditions 6,650,964

Deductions

Studentactivities 804,012

CISNT 5,726,195

TotalDeductions 6,530,207

Changeinnetpostion 120,757

Netpostion,beginningofyearasrestated 3,549,033

Netpostion,endofyear 3,669,790$



 33 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS



Note1‐SummaryofSignificantAccountingPolicies



LewisvilleIndependentSchoolDistrict(the"District")isanindependentpubliceducationalagencyoperatingunderapplicable

lawsandregulationsoftheStateofTexas.TheDistrictisautonomouslygovernedbyaseven‐memberBoard

ofTrustees

electedbytheDistrict'sresidents.



The District prepares its basic financial statements in conformity with U.S. generally accepted accounting principles

promulgated by the Governmental Accounting Standards Board (GASB) and other authoritative sources identified in

StatementonAuditingStandardsNo.69,asamendedbyStatementonAuditingStandardsNo.’s

91and93oftheAmerican

InstituteofCertifiedPublicAccountants;anditcomplieswiththemostrecentrequirementsoftheTexasEducationAgency's

FinancialAccountabilitySystem ResourceGuide (the"ResourceGuide" orFASRG)andtherequirementsofcontractsand

grantsofagenciesfromwhichitreceivesfunds.



ReportingEntity



The Board of Trustees ("Board"), a seven‐member group, has fiscal accountability over all activities related to public

elementaryandsecondaryeducationwithinthejurisdictionoftheDistrict.Thepublicelectsthetrustees.Thetrusteesasa

bodycorporatehavetheexclusivepower and dutytogovern and oversee the

managementofthepublicschoolsof the

District.AllpowersanddutiesnotspecificallydelegatedbystatutetotheTexasEducationAgency("Agency")ortotheState

BoardofEducationarereservedforthetrustees,andtheAgencymaynotsubstituteitsjudgmentforthelawfulexerciseof

thosepowersand

dutiesbythetrustees.TheDistrictisnotincludedinany othergovernmental"reportingentity"asdefined

inSection2100,CodificationofGovernmentalAccountingandFinancialReportingStandards.Thefinancialstatementsofthe

DistrictincludeallactivitiesforwhichtheBoardexercisesthesegovernanceresponsibilities.



Forfinancialreportingpurposes,in

conformancewithgovernmentalaccountingstandards,theDistrictincludesallfundsof

theDistrict,aswellasanycomponentunitsforwhichtheDistrictisfinanciallyaccountable.Financialaccountabilityisdefined

asappointmentofavotingmajorityofthecomponentunit'sboard,andeither(1)theabilitytoimposewillby

theDistrict,or

(2)thepossibilitythatthecomponentunit willprovideafinancialbenefittoorimposeafinancialburdenontheDistrict.In

accordance with GASB Statement No. 61, The Financial Reporting Entity: Omnibus, the District has determined that the

Lewisville Education Foundation, Inc. ("LEF") should be included in

 the District's financial statements and reported as a

discretelypresentedcomponentunit.



Thediscretelypresentedcomponentunitisreportedina separatecolumninthefinancialstatementstoemphasizeit as

legally separate fromtheDistrict.LEFisa nonprofit organization with the purpose ofprovidingfinancialsupporttothe



District,teachers,andstudents.LEFisgovernedbya22‐memberBoardofTrustees,whorepresentsacrosssectionofthe

communityservedbytheDistrict.AllvotingmembersareindependentoftheDistrict;however,Districtadministratorsserve

asex‐officioBoardmembers.Theaccountingandreportingpoliciesrelatingto

thecomponentunitincludedinthefinancial

statementsconformtothegenerallyacceptedaccountingprinciplesapplicabletostateandlocalgovernments.Acopyofthe

completeseparatelyauditedfinancialstatementsasofandfortheyearendedDecember31,2020,canbeobtainedfrom

LewisvilleISDEducationFoundation,Inc.,1565CW.

MainStreet,Lewisville,Texas75067.



TheDistrictreceivesfundingfromlocal,state,andfederalgovernmentsourcesandcomplieswiththerequirementsofthese

fundingsourceentities.

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)

34 LewisvilleISD2021ACFR

Note1‐SummaryofSignificantAccountingPolicies(continued)

Government‐WideandFundFinancialStatements

The government‐wide financial statements  (i.e., the statement of net position and the statement of activities) report

information

on all of the non‐fiduciary activities. Internal service fund activity is eliminated to avoid overstatement of

revenues and expenses. Interfund  services provided and used are not eliminated in the process of consolidation.

Governmental activities include programs supported primarily by taxes, State foundation funds, grants and other

intergovernmentalrevenues.Business‐type

activitiesincludeoperationsthatrelytoasignificantextentonfeesandcharges

forsupport.

Thestatementofactivitiesdemonstratesthedegreetowhichthedirectexpensesofagivenfunctionareoffsetbyprogram

revenues. Directexpensesare those that areclearly identifiable with a specific function. Program revenues

include (1)

chargestocustomerswhodirectlybenefitfromtheservicesprovidedbythatfunction,and(2)grantsandcontributionsthat

arerestrictedtomeetingtheoperationalorcapitalrequirementsofafunction.Taxesandotheritemsproperlynotincluded

amongprogramrevenuesarereportedinsteadasgeneralrevenues.

Separate

financialstatementsareprovidedforgovernmentalfunds,proprietaryfunds,andfiduciaryfunds,eventhoughthe

latterareexcludedfromthegovernment‐widefinancialstatements.Majorindividualgovernmentalfundsarereportedas

separatecolumnsinthefundfinancialstatements.TheDistrictreportsonlyoneint ernalservicefundasaproprietaryfund.

Internal

servicefundsareneverconsideredmajorfunds.

MeasurementFocus,BasisofAccounting,andFinancialStatementPresentation

Thegovernment‐widefinancialstatementsarereportedusingtheeconomicresou rcesmeasurementfocusandtheaccrual

basis of accounting, asare the proprietary funds.Agency funds also use the accrual basis of accounting.Revenues

 are

recordedwhenearnedandexpensesarerecordedwhenaliabilityisincurred,regardlessofthetimingofrelatedcashflows.

Propertytaxesarerecognizedasrevenuesintheyearforwhichtheyarelevied.Grantsarerecognizedasrevenueasthe

eligibilityrequirementsimposedbytheproviderhavebeen

met.Theeffectofinterfundactivityhasbeeneliminatedfrom

thegovernment‐widefinancialstatements.

Governmentalfundsutilizethecurrentfinancialresourcesmeasurementfocusandthemodifiedaccrualbasisofaccounting.

Underthismethod,revenuesarerecordedwhentheyaresusceptibl etoaccrual,whichmeanstheymustbebothavailable

and

 measurable. Revenues are considered to be available when they are expected to be collected during the current

budgetaryperiodorwithin60daysthereaftertopayliabilitiesoutstandingatthecloseofthebudgetaryperiod.

Interestrevenueandbuildingrentalsarerecordedwhenearnedsincetheyaremeasurableandavailable.

Otherrevenues

suchasfees,tuition,andmiscellaneousrevenuesarerecordedwhenreceived.

FundAccounting

GovernmentalFunds

Revenue from investments, including governmental external investment pools, is based upon fair value.  Fair value is the

amount at which a financial instrument could be exchanged in a current transaction between willing parties,other than

in a forced or liquidation sale.  Most investments are reported at amortized cost when the investments haveremaining

maturities of one year or less at time of purchase.  External investment pools are permitted to report short term debt

investments at amortized cost, provided that the fair value of those investments is not significantly affected by the

impairmentofthecreditstandingoftheissuer,orotherfactors.Forthatpurpose,apool'sshort‐terminvestmentsarethose

withremainingmaturitiesofuptoninetydays.

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 35 LewisvilleISD2021ACFR

Note1‐SummaryofSignificantAccountingPolicies(continued)



FundAccounting(continued)



Underthemodifiedaccrualbasis,expendituresarerecognizedintheaccountingperiodinwhichtheliabilityisincurred,if

measurable,except

forprincipalandinterestonlong‐termdebt,whichisrecognizedwhendue.



Districtaccountsareorganizedonthebasisoffunds,eachofwhichisconsideredaseparateaccountingentity.TheDistrict

hasestablishedseveralfundsthatareorganizedbysub‐fundswithinaseparatesetofself‐balancing

accountscomprisedof

assets,liabilities,fundbalance,revenues,andexpendituresorexpensesasappropriate.Governmentalresourcesallocated

toindividual fundsarerecordedfor thepurposeof carryingonspecificactivities inaccordancewithlaws,regulations, or

otherappropriaterequirements.



TheDistrictreportsthefollowingmajorgovernmentalfunds:



General Fund‐The

 District's primary operating fund.This fund is established to account for resources financing the

fundamentaloperationsoftheDistrict,inpartnershipwiththecommunity,inenablingandmotivatingstudentstoreachtheir

fullpotential.Allrevenuesandexpendituresnotrequiredtobeaccountedforinotherfundsareincludedhere.

Thisisa

budgetedfundandanyfundbalancesareconsidered resources available forcurrentoperations.Fundbalancesmay be

appropriatedbytheBoardofTrusteestoimplementitsresponsibilities.



DebtServiceFund‐Thisfundisestablishedtoaccountforpaymentofprincipalandinterestonlong‐termgeneralobligation

debtandotherlong‐termdebtsforwhichataxhasbeendedicated.Thisisabudgetedfund,andaseparatebankaccountis

maintainedforthisfund.AnyunusedsinkingfundbalancesaretransferredtotheGeneralFundafteralloftherelateddebt

obligationshavebeenmet.



Capital

ProjectsFund‐Thisfundisestablishedtoaccountforproceeds,onthemodifiedaccrualbasis,fromthesaleofbonds

and other resources to be used for Board authorized acquisition, construction, or renovation, as well as, furnishing and

equippingofmajorcapitalfacilities.Uponcompletionofaproject,anyunused

bondproceedsaretransferredtotheDebt

ServiceFundandareusedtoretirerelatedbondprincipal.



FederalFunds‐Thisfundisestablishedtoaccountforrevenuesandexpenditures,onthemodifiedaccrualbasis,fromfederal

grants.Mostofthegrantsareonareimbursementbasisandassuchfundbalance

isnotgenerated.



Inaddition,theDistrictreportsthefollowingfunds:



SpecialRevenueFunds‐Thesegovernmentalfundsareestablishedtoaccountforstateandlocalprogramsorexpenditures

legallyrestrictedforspecifiedpurposesandFoodServiceProgramtransactions.



TheDistrict'sFoodServiceFundisconsideredaspecialrevenuefund

sinceitmeetsthefollowingcriteria:(1)Userfeesare

charged to supplement the National School Lunch Program ("NSLP"), (2) The General Fund subsidizes the Food Service

ProgramforallexpendituresinexcessofNSLPanduserfees,and(3)TheDistrictdoesnotconsidertheFoodServiceProgram

completely

self‐supporting.FoodServicefundbalancesareusedexclusivelyforchildnutritionprogrampurposes.



Internal Service Fund‐The District utilizes an Internal Service Fund, a proprietary fund, to account for its workers'

compensationself‐insuranceplan.



TheDistrictcontinues tofullyprovide for incurredbut notreportedcosts forworkers'

compensationclaimsthroughthe

establishmentofundiscountedliabilityaccountsandnetposition.Operatingrevenuesandexpensesgenerallyresultfrom

providingservicesinconnectionwithaproprietaryfund'sprincipalongoingoperations.Theoperatingrevenuesoftheself‐

insurancefundarereceivedfromboththeGeneralandSpecialRevenueFunds,andits

operatingexpensesarecomprisedof

claimspaidonbehalfofDistrictemployees. 

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 36 LewisvilleISD2021ACFR

Note1‐SummaryofSignificantAccountingPolicies(continued)



FundAccounting(continued)



Operatingexpensesalsoincludeadministrativeexpensesanddepreciationoncapitalassets.Revenuesandexpensesnot

meetingthisdefinitionarereportedas

non‐operatingrevenuesandexpenses.



Theinternalservicefundisaccountedforonaflowofeconomicresourcesmeasurementfocus.Accordingly,theaccrual

basis,wherebyrevenuesandexpensesareidentifiedintheaccountingperiodinwhichtheyareearnedandincurred,andnet

incomeisdetermined,isutilizedforthis

fund.Proprietaryfundsdistinguishoperatingrevenuesandexpensesfromnon‐

operatingitems.Operatingrevenuesandexpensesgenerallyresultfromprovidingservicesinconnectionwithaproprietary

fund'sprincipalongoingoperations.



CustodialFund‐Thiscustodialfundisusedtoaccountforactivitiesofstudentgroups,otherorganizationalactivitiesandthe

District

serviceasbusinessagentwithCommunitiesinSchoolsofNorthTexas,Inc.FinancialresourcesfortheCustodialfunds

arerecordedadditionsandastheorganizationstowhichtheseresourcespertaintoareused,thetransactionsarerecorded

asdeductions.Thecustodialfundsareaccountedforusingtheeconomicresourcesmeasurementfocusandtheaccrualbasis

ofaccounting.



ImplementationofNewStandards



GASB No. 84 Fiduciary ActivitieswasissuedinJanuary2017andeffectiveforperiodsbeginningDecember15,2019.This

standardestablishescriteriaforidentifyingfiduciaryactivitiesofallstateandlocalgovernments.Thefocusofthecriteria

generallyison(1)whetheragovernment

iscontrollingtheassetsofthefiduciaryactivityand(2)thebeneficiarieswithwhom

a fiduciary relationship exists. Separate criteria are included to identify fiduciary component units and postemployment

benefit arrangements that are fiduciary activities. The requirements of this Statement will enhance consistency and

comparabilityby(1)establishingspecificcriteria

foridentifyingactivitiesthatshouldbereportedasfiduciaryactivitiesand

(2)clarifyingwhetherandhowbusiness‐typeactivitiesshouldreporttheirfiduciaryactivities.Thisstandardmustbeapplied

retroactivelyand assuchbeginning netpositionand/orfundbalancehavebeenrestated. TheDistricthasevaluated the

effectsofthisstandard

andhasrestateditsbeginningnetpositionintheStatementofChangesinFiduciaryNetPosition,

accordingly.



GASBNo.90MajorityEquityInterests,anamendmentofGASBStatementsNo.14andNo.61wasissuedinAugust2018and

effectiveforperiodsbeginningDecember15,2019.Theprimaryobjectives

ofthisStatementaretoimproveconsistencyin

themeasurementandcomparabilityofthefinancialstatementpresentationofmajorityequityinterestsinlegallyseparate

organizationsandtoimprovetherelevanceoffinancialstatementinformationforcertaincomponentunits.Anequityinterest

isafinancialinterestin alegallyseparateorganizationevidenced

bytheownershipofsharesoftheorganization’sstockorby

otherwisehavinganexplicit,measurablerighttothenetresourcesoftheorganizationthatisusuallybasedonaninvestment

offinancialorcapitalresourcesbyagovernment.Anequityinterestisexplicitandmeasurableifthegovernmenthas

apresent

orfutureclaimtothenetresourcesoftheentityandthemethodformeasuringthegovernment’sshareoftheentity’snet

resources is determinable. The District has determined that this Statement does not have an effect on the financial

statementsasofAugust31,2021.



GASBStatement

No.98TheAnnualComprehensiveFinancialReport.ThisstatementwasissuedinOctober2021and

establishesthetermannualcomprehensivefinancialreportanditsacronymACFR.Thisnewtermandacronymreplace

instancesofcomprehensiveannualfinancialreportanditsacronymingenerallyacceptedaccountingprinciplesforstate

andlocal

governments.ThisstatementiseffectiveforfiscalyearsendingafterDecember15,2021butearlierapplicationis

encouraged.TheDistrictimplementedthisstatementinfiscalyear2021.



LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)

37 LewisvilleISD2021ACFR

Note1‐SummaryofSignificantAccountingPolicies(continued)

BudgetaryData

EachschooldistrictinTexasisrequiredbylawtoannuallyprepareabudgetofanticipatedrevenuesandexpendituresfor

GovernmentalFunds

forthefiscalyearbeginningSeptember1.TheDistrictadoptsannualbudgetsfortheGeneralFund,

FoodService,andtheDebtServiceFund.

Theannualbudgetispreparedonthemodifiedaccrualbasisofaccounting.Theofficialschoolbudgetwaspreparedfor

adoptionforallgovernmentalfundtypesbyAugust

20,2020,asrequired.TheBoardofTrusteesformallyadoptedthebudget

atadulyadvertisedpublicmeetingpriortotheexpenditureoffunds.Finalprioritiesandfundingofprojectsaredetermined

bytheBoard,whichsubsequentlyestablishesataxratesufficienttosupporttheapprovedbudget.

Managementhasthe

authoritytotransferanyunencumberedappropriationfromoneappropriationtoanotherwithina

singlefunction.Inaddition,theadministrationperformsbudgetreviewsbywhichbudgetrequirementsarereevaluatedand

revisionsarerecommendedtotheBoard.TheBoardisrequiredtoapproveamendmentstothebudgetthatchangeany

budgetedfund(the

legallevelofcompliance),revenueobjectaccounts,orotherfinancingsources/usesasdefinedbythe

Agency for each individual fund type. Unexpended appropriations lapse at year‐end. State law prohibits deficit fund

balances.(SeeNote2foradditionaldisclosure.)

CashinBankDepositoryandInvestments

TheDistrict'scashandinvestments

areclassifiedascashandtemporaryinvestments.Thecashandtemporaryinvestments

includecashonhandanddepositswithfinancialinstitutions.Investmentsconsistofbalancesinprivatelymanagedpublic

fundsinvestmentpoolsandinvestmentsinUnitedStates(U.S.)securitiesandU.S.Agencysecurities.TheDistrictreportsall

investmentsatfairvalue,exceptforinvestmentpools.TheDistrict’sinvestmentpoolsarevaluedandreportedatamortized

cost,whichapproximatesfairvalue.TheDistrict'scashandtemporaryinvestmentsareshort‐term,hi ghlyliquidinvestments

thatarereadilyconvertibletocash.

The District’s investments are carried at fair value based on quoted market prices at year‐end, in accordance with U.S.

generallyacceptedaccountingprinciples.TheDistrictcategorizesfairvaluemeasurementsofitsinvestmentsbasedonthe

hierarchyestablishedbygenerallyacceptedaccountingprinciples.Thefairvaluehierarchy,whichhasthreelevels,isbased

on the valuation inputs used to measure an asset’s fair value: Level 1 inputs are quoted prices in active marketsfor

identicalassets;Level2inputsaresignificantotherobservableinputs;Level3i nputsaresignificantunobservableinputs.The

District’slocalgovernmentinvestmentpoolsarerecordedatamortizedcostsaspermittedbyGASBStatementNo.79Certain

InvestmentPoolsandPoolParticipants.Level 2 assets and liabilities are valued based on observable market data for similar

instruments. Fair value is estimated using inputs other than quoted prices included within Level 1 that are observable for assets

and liabilities, either directly or indirectly.

ThefundsoftheDistrictmustbedepositedandinvestedunderthetermsofacontract,contentsofwhicharesetoutinthe

DepositoryContractLaw.ThedepositorybankplacesapprovedpledgedsecuritiesforsafekeepingandtrustwiththeDistrict's

agent bank in an amount sufficient to protect District funds on a day‐to‐day basis during the period of the contract.  The

pledgeofapprovedsecuritiesiswaivedonlytotheextentofthedepositorybank'sdollaramountofFederalDepositInsurance

Corporation("FDIC")insurance.

AtAugust31,2021,thecarryingamountoftheDistrict'scashdepositswas$5,455,232andthebankbalancewas$8,918,908.

The District's deposits at August 31, 2021, were entirely covered by FDIC insurance or by pledged collateral held by the

District'sagentbankintheDistrict'sname.

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)

38 LewisvilleISD2021ACFR

Note1‐SummaryofSignificantAccountingPolicies(continued)

CashinBankDepositoryandInvestments(continued)

Thecashandcashequivalentsamountswerecomposedofthefollowing:

Cash Investments Total

General fund ‐$  207,734,142$ 207,734,142$

Debtservicefund 90,177 62,500,668 62,590,845

Capitalpr ojectsfund ‐ 221,475,847 221,475,847

Federalfunds 4,186,134 4,186,134

Non‐majorgovernme ntalfunds 14 ,703,810 ‐ 14,703,810

Internal servicefund 62,196 3,796,651 3,858,847

TotalGovernmentalActivities 19,042,317 495,507,308 514,549,625

BusinessTypeActivities‐CulinaryArt s 12,655

Custodialfunds 3,257,750 ‐ 3,257,750

Total 22,312,722$ 495,507,308$ 517,807,375$



Thefollowingta

bleincludestheportfoliobalance,creditratingandpercentageoftheportfoliobalancebyinvestmenttype

andweightedaveragedaystomaturityofinvestmentheldbytheDistrictasofAugust31,2021:

S&PCredit Percentage Weighted

Fair Quality of Average

Value Ratings Investments Maturity(Days)

InvestmentType

CertificatesofDeposit 105,948,019$ N/A 21.38% 168

MoneyMa rket 120,628,401 N/A 24.34% 1

Total 226,576,420 45.73%

LocalGovernmentInvestmentPools*

TexPool 1 96,205,296 AAAm 39.60% 30

TexP oolPrime 72,725,592 AAAm 14.68% 52

Total 268,930,888 54.27%

TotalInvestments 4 95,507,308$ 100.00% 56

*PerGASB79,valuedatamortizedcost.

Investments’fairvalueinputlevelsareasfollowsatAugust31,2021:

Invest ments Level1Level2Level3Total

CertificatesofDep osit ‐$  10 5,9 48,019$ ‐$  105,948,019$

MoneyMarke t ‐ 120,628,401 ‐ 120,628,401

Total ‐$  22 6,5 76,420$ ‐$  226,576,420$

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 39 LewisvilleISD2021ACFR

Note1‐SummaryofSignificantAccountingPolicies(continued)



CashinBankDepositoryandInvestments(continued)



CreditRisk‐TexasstatelawandtheLewisvilleISD'sBoardadoptedInvestmentPolicyplacinghighcreditquality

asapriority

initsinvestmentprocess.Creditminimumsaresetforappropriateinvesttypesandaprocedureisincludedinthepolicyfor

monitoring,disclosingandactingoncreditdowngrades.AlltimeanddemanddepositsarerequiredtobeFDICinsuredor

collateralizedto102%(or110%ifmortgage‐backed

securities).TheymustbeineligibledepositoriesdoingbusinessinTexas

andbeunderthetermsofawrittencollateralagreement.ThemaximummaturityondepositoryCDasstatedinthePolicyis

oneyear.Thebankiscontractuallyliableformonitoringandmaintainingthecollateralmargins.



BrokeredCDsecurities

mustbeFDICinsuredanddeliveredversuspaymenttotheDistrict'sdepository.Maximummaturity

ofoneyearandFDICinsurancemustbeverifiedbeforepurchase.



StatelawandtheLewisvilleISDadoptedInvestmentPolicylimitsrepurchaseagreementstoTexasbanksandprimarydealers.

StatelawandthePolicyrequirea

definedterminationdate,anindustrystandard,writtenmasterrepurchaseagreement,

independentsafekeepingofcollateral,anda102%marginoncollateral.Fullycollateralizedflexrepurchaseagreementsare

restrictedbythePolicytotheuseofbondfundsandarerestrictedtobeingmatchedtobondproceedsexpendituresplans.

Thetermofany

reversesecurityrepurchaseagreementmaynotexceedninety(90)daysafterthedateofdelivery.



ObligationsoftheStateofTexasoritsagenciesandinstrumentalitiesorobligationsofotherstates,agencies,counties,cities

andotherpoliticalsubdivisionsratedastoinvestmentsqualitybyanationallyrecognizedratingfirm(NRSRO)

notlessthan

AAoritsequivalentareauthorized.Debtobligationshaveamaximummaturityofthreeyears.



AAA‐rated,localgovernmentinvestmentpoolsstrivingtomaintaina$1netassetvalueasdefinedbystatelaw(2256.016)

and approvedbythe District's adopted policyareauthorized.By Statelaw

 alllocalgovernmentpools are rated AAAor

equivalentbyatleastoneNRSRO.



TheDistrict'sInvestmentPolicyrequiresSECregisteredmoneymarketfundstobeAAA‐ratedandtostrivetomaintainat$1

NAV.



Concentrationof Credit Risk ‐LewisvilleISD'sadoptedInvestment Policyrequiresdiversificationwhichis

monitoredonat

leastamonthlybasis.ThePolicyrequiresthefollowingdiversification:



Maximum%ofPortfolio

U.S.TreasuryObligations100%

U.S.AgencyObligations80%

CommercialPaper25%

ConstantDollarPools100%

RepurchaseAgreements100%

CertificatesofDeposit40%

BrokeredCertificateofDepositSecurities 20%

MunicipalObligations35%



Interest Rate Risk‐Inordertolimitinterestandmarketrateriskfromchangesininterestrates,Lewisville ISD'sadopted

InvestmentPolicysets

amaximummaturityofthree(3)yearsandamaximumweightedaveragematurity(WAM)of365days

onthetotalportfolio.Escrowsinkingfundswillbeinvestedwithamaximummaturitymatchingtheterminationdateofthe

escrow.





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)

40 LewisvilleISD2021ACFR

Note1‐SummaryofSignificantAccountingPolicies(continued)

CashinBankDepositoryandInvestments(continued)

CustodialCreditRisk‐Tocontrolcustodyrisk,StatelawandtheDist rict'sadoptedInvestmentPolicyrequirescollateral

forall

timeanddemanddepositsandrepurchaseagreementswithsecuritiestransferredonlyonadeliveryversuspaymentbasis

andheldbyanindependentpartyapprovedbytheDistrictandheldintheDistrict'sname.Thecustodian isrequiredto

provide original safekeeping receipts and monthly reporting of positions and position descriptions including fair value.

Repurchaseagreementsanddepositsmustbecollateralizedto102%andtimeanddemanddepositscollateralizedto102%

(with110%onmortgaged‐backedsecurities).Transactionsarerequiredtobeexecutedunderawrittencollateraland/or

repurchaseagreement.Thecounterpartyofeachtypetransactionisheldcontractually

liableformonitoringandmaintaining

therequiredcollateralmarginsonadailybasis.

ThePublicFundsInvestmentAct(GovernmentCodeChapter2256)containsspecificprovisionsintheareasofinvestment

practices,managementreports,and establishmentofappropriatepolicies.Amongotherthings,itrequirestheDistrictto

adopt,implement,andpublicize

aninvestmentpolicy.Thatpolicymustaddressthefollowingareas:(1)safetyofprincipal

andliquidity,(2)portfoliodiversification,(3)allowableinvestments,(4)acceptablerisklevels,(5)expectedratesofreturn,

(6) maximumallowablestatedmaturityofportfolioinvestments,(7)maximumaveragedollar‐weightedmaturityallowed

based on the stated maturity

 date for the portfolio, (8) investment staff quality and capabilities, and (9) bid solicitation

preferencesforcertificatesofdeposit.StatutesauthorizetheDistricttoinvestin(1)obligationsoftheU.S.Treasury,certain

U.S.agencies,andtheStateofTexas,(2)certificatesofdeposit,(3)certainmunicipalsecurities,(4)money

marketsavings

accounts, (5) repurchase agreements, (6) bankers acceptances, (7) mutual funds, (8) investment pools, (9) guaranteed

investmentcontracts,and(10)commontrustfunds.TheActalsorequirestheDistricttohaveindependentauditorsperform

testproceduresrelatedtoinvestmentpracticesasprovidedbytheAct.TheDistrictisinsubstantialcompliancewiththe

requirements of the Act and with local policies. Investments are recorded at fair value. Fair value is determined by the

amount at which a financial instrumentcould be exchanged in a currenttransaction betweenwilling parties.

AsofAugust31,2021,theDistrict’sinvestmentsconsistedofbalancesheldbyCertificatesofDeposit,TexasLocal

GovernmentInvestmentPool(TexPool),U.S.GovernmentalAgencies,MoneyMarketfundsandStateandLocalagencies.

TexPoolisapublicfundsinvestmentpoolcreatedbytheTexasTreasurySafekeepingTrustCompany(theTrustCompany)to

provide a safe environment for the placement of local government funds. The portfolio consists of U.S. Treasury and

government agency securities, repurchase agreements, certain mutual funds, collateralized repurchase and

reverse repurchase agreements, no‐load money market mutual funds regulated by the Securities and Exchange

Commission and rated AAA or equivalent by at least one nationally recognized statistical rating organization, securities

lendingprograms,andcertificates ofdeposit. TexPool is overseen by theState Comptroller of PublicAccounts and

administered byFederated Investors,Inc.TheStateStreetBankisthecustodialbank.TexPoolfollowschapter2256ofthe

TexasPublicFundsInvestmentAct.  TexPooluses amortized cost rather than fair value to report net position to compute

share prices.  The fairvalueofthepositioninTexPoolisthesameasthevalueofTexPoolshares.Accordingly,theDistrict's

investmentsinTexPoolarestatedatamortizedcost,whichapproximatesfairvalue.

InaccordancewithGASBStatementNo.79,CertainExternalInvestmentPoolsandPoolParticipants,theLocal Government

InvestmentPoolsdonothaveanylimitationsandrestrictionsonwithdrawalssuchasnoticeperiodsormaximumtransaction

amounts.Thesepoolsdonotimposeanyliquidityfeesorredemptiongates.

TheDistrictisinvestedinseveralMoneyMarketaccountsatWell sFargo,EastWestBank,FirstFinancialBank,NexBankand

Bank of Texas. Money Markets are a type of savings account that usually pays a higher interest rate. These funds

are consideredliquidandtheDistrict’sMoneyMarketfundsarereportedatfairvalueusingLevel2inputs.

TheDistrictinvestedinU.S.GovernmentAgenciesandStateandLocalagenciesinwhichthecarryingvaluereflectsthefair

valueoftheinvestmentsandarereportedasLevel2inputs.

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)

41 LewisvilleISD2021ACFR

Note1‐SummaryofSignificantAccountingPolicies(continued)

CashinBankDepositoryandInvestments(continued)

InterfundTransactions

Interfundreceivablesandpayablesarisefrominterfundtransactionsinthenormalcourseofoperationsand

arerecordedin

allaffectedfundsintheperiodinwhichtransactionsareexecuted.Interfundtransfersarisefromtheneedtomovecash

frombankaccounts.SeeNote11foradditionaldiscussionofinterfundtransactions.

Inventories

Technology and food commodities are carried in an inventory account at cost, using

the first‐in, first‐out method of

accounting.Maintenanceiscarriedusingaveragecostmethod.Inventoriesarerecordedasexpenseswhenconsumedon

thegovernment‐widefinancialstatementsandasexpenditureswhenpurchasedonthefundfinancialstatements.Although

food commodities are received at no cost, their fair value is supplied by the Texas Department of Human Resources and

recorded as inventory.  In the governmental funds, a non‐spendable fund balance indicates that they are unavailable as

currentexpendablefinancialresources.

PrepaidItems

Certainpaymentstovendorsreflectcostapplicabletofutureaccountingperiodsandarerecordedusingthe

consumption

methodinbothgovernment‐wideandfundfinancialstatements.Theprepaiditemshavebeenidentifiedasanon‐spendable

fundbalancesinceitisnotavailableforothersubsequentexpenditures.

CapitalAssets

Capitalassets,whichincludeproperty,plant,andequipment,arereportedinthegovernment‐widefinancialstatements.The



Districtdefinescapitalassetsasassetswithaninitial,individualcostofmorethan$5,000andanestimatedusefullifeofone

yearormore.However,alllandandlandimprovementsarecapitalizedregardlessoftheamount.Suchassetsarerecorded

athistoricalcostorestimatedhistoricalcostifpurchased

orconstructed.Donatedcapitalassets,donatedworksofartand

similaritems,andcapitalassetsreceivedinaserviceconcessionarrangementarerecordedatacquisition valueatthedate

ofdonation.

Thecostsofnormalmaintenanceandrepairsthatdonotaddtothevalueofassetsormateriallyextend

thelifeofassetsare

notcapitalized.Majoroutlaysforcapitalassetsandimprovementsarecapitalizedasprojectsarecompleted.

Allcapitalassetsexceptlandandconstructioninprogressaredepreciated.Improvementsaredepreciatedovertheremaining

usefullifeoftherelatedcapitalasset.Depreciationiscomputedusingthestraight‐

linemethodbasedontheestimatedlife

asfollows:

Assets EstimatedLife

Landimprovements 10‐20years

Buildingsandimprovements 10‐50years

Vehicles 6years

FurnitureandEquipment 5‐20years

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 42 LewisvilleISD2021ACFR

Note1‐SummaryofSignificantAccountingPolicies(continued)



CashinBankDepositoryandInvestments(continued)



Long‐TermDebt



Inthegovernment‐widefinancialstatements,proprietaryfundtypesinthefundfinancialstatements,

long‐termdebtand

otherlong‐termobligationsarereportedasliabilitiesintheapplicablegovernmentalactivities,business‐typeactivities,or

proprietary fund type statement of net position.Bond premiums, discounts, and losses on refunding are deferred and

amortizedoverthelifeofthebondsusingtheeffectiveinterestmethod.

Bondspayablearereportednetoftheapplicable

bondpremiumordiscount.Bondissuancecostsareexpensedintheperioditoccurs.



Inthefundfinancialstatements,governmentalfundsrecognizebondpremiumsanddiscountsduringthecurrentperiodas

otherfinancingsourcesanduses.Thefaceamountofdebtissued

isreportedasotherfinancingsources.Issuancecosts,

whetherornotwithheldfromtheactualdebtproceedsreceived,arereportedasdebtserviceexpenditures.



CompensatedAbsences



Employeesareallowedtoaccruefivedaysofstatepersonalleaveeachyearwithoutlimit.TheDistrictpaysaportionof

accruedpersonalleave

toretiringpersonnelmeetingstateeligibilityrequirementsforretirement.Thepaymentislimitedto

one‐halfofthecurrentsalaryratefortheaccumulatedpersonaldays.TheDistrictreflectsaccumulatedpersonalleaveinthe

government‐widefinancialstatements.Personalleaveispaidoutofthefundtowhichtheemployee's

salaryrelates,the

majorityofwhichhashistoricallybeentheGeneralFund.



DeferredOutflows/InflowsofResources



Deferredoutflowsandinflowsofresourcesarereportedinthefinancialpositionasdescribedbelow:



Adeferredoutflowofresourcesisaconsumptionofagovernment'snetposition(adecreaseinassetsin

excessofanyrelated

decrease in liabilities or an increase in liabilities in excess of any related increase in assets) by the government that is

applicabletoafuturereportingperiod.TheDistricthasthreeitemsthatqualifyforreportinginthiscategory:



 Deferred outflows or resources for refunding‐

Reported in the government‐wide statement of net position, this

deferredchargeonrefundingresultsfromthedifferenceinthecarryingvalueofrefundeddebtanditsreacquisition

price.Thisamountisdeferredandamortizedovertheshorterofthelifeoftherefundedorrefundingdebt.



 Deferredoutflows

ofresourcesforpension–Reportedinthegovernment‐widefinancialstatementofnetposition,

thisdeferredoutflowresultsfrompensionplancontributionsmadeafterthemeasurementdateofthenetpension

liability and the results of 1) differences between projected and actual earnings on pension plan investments; 2)

changesin

actuarialassumptions;3)differencesbetweenexpectedandactualactuarialexperiencesand4)changesin

theDistrict’sproportionalshareofpensionliabilities.Thedeferredoutflowsofresourcesrelatedtopensionsresulting

fromDistrictcontributionssubsequenttothemeasurementdatewillberecognizedasareductionofthenetpension

liabilityin

thenextfiscalyear.Thedeferredoutflowsresultingfromdifferencesbetweenprojectedandactualearnings

onpensionplaninvestmentswillbeamortizedoveraclosedfive‐yearperiod.Theremainingpensionrelateddeferred

outflowswillbeamortizedovertheexpectedremainingservicelivesofallemployees(activeandinactiveemployees)

that

areprovidedwithpensionsthroughthepensionplan.



LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 43 LewisvilleISD2021ACFR

Note1‐SummaryofSignificantAccountingPolicies(continued)



DeferredOutflows/InflowsofResources(continued)



 Deferred outflows of resources for other post‐employment benefits (OPEB) other than pension – Reported in the

government‐

widefinancialstatementofnetposition,thisdeferredoutflowresultsfromOPEBplancontributionsmade

afterthemeasurementdateofthenetOPEBliabilityandtheresultsof1)differencesbetweenprojectedandactual

earningsonOPEBplaninvestments;2)changesinactuarialassumptions;3)differencesbetweenexpectedandactual

actuarial

experiencesand4)changesintheDistrict’sproportionalshareofOPEBliabilities.Thedeferredoutflowsof

resources related to OPEB resulting from District contributions subsequent to the measurement date will be

recognized as a reduction of the net OPEB liability in the next fiscal year. The deferred outflows resulting from

differencesbetweenprojectedandactualearningsonOPEB investments will beamortizedover aclosedfive‐year

period. The remaining postemployment related deferred outflows will be amortized over the expected remaining

servicelivesofallemployees(activeandinactiveemployees)thatareprovidedwithOPEBthroughtheOPEBplan.



A

deferredinflowofresourcesisanacquisitionofagovernment'snetpositions(anincreaseinassetsinexcessofanyrelated

increaseinliabilitiesoradecreaseinliabilitiesinexcessofanyrelateddecreaseinassets)bythegovernmentthatisapplicable

toafuturereportingperiod.TheDistricthas

threeitemsthatqualifyforreportinginthiscategory:



 Deferred inflows of resources for unavailable revenues‐Reported only in the governmental funds balance sheet,

unavailablerevenuesfrompropertytaxesariseunderthemodifiedaccrualbasisofaccounting.Theseamountsare

deferredandrecognizedasaninflowofresourcesin

theperiodthattheamountsbecomeavailable.



 Deferredinflowsofresourcesforpension–reportedinthegovernment‐widefinancialstatementofnetposition,these

deferredinflowsresultprimarilyfrom1)changesinactuarialassumptions;2)differencesbetweenexpectedandactual

actuarialexperiencesand3)changesintheDistrict’s

proportionalshareofpensionliabilities.Thesepension‐related

deferred inflows will be amortizedoverthe expectedremaining service lives of allemployees(active and inactive

employees)thatareprovidedwithpensionsthroughthepensionplan.



 DeferredinflowsofresourcesforOPEB–Reportedinthegovernment‐widefinancialstatement

ofnetposition,this

deferredinflowresultsprimarilyfrom1)changesinactuarialassumptions;and2)differencesbetweenexpectedand

actualactuarialexperiences.TheseOPEBrelated deferred inflows will beamortizedover the expectedremaining

servicelivesofallemployees(activeandinactiveemployees)thatareprovidedwithOPEBthrough

theOPEBplan.



FundBalanceandNetPosition



Governmental Accounting Standards Board Statement No. 54 "Fund Balance Reporting and Governmental Fund Type

Definitions,"providesmoredefinedfundbalancecategoriestomakethenatureandextentoftheconstraintsplacedona

government'sfundbalancesmoretransparent.Thefollowingclassificationsdescribe

therelativestrengthofthespending

constraints.





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 44 LewisvilleISD2021ACFR

Note1‐SummaryofSignificantAccountingPolicies(continued)



GovernmentalFundFinancialStatements



Inthefundfinancialstatements,governmentalfundsreportfundbalancesasnon‐spendable,restricted,committed,assigned

orunassigned.



Non‐Spendable

fundbalancesareamountsthatarenotinspendableformorrequiredtobemaintainedintact.Inventory

andprepaiditemshavebeenproperlyclassifiedassuch.



Restricted is that portion of fund equity which has limitations imposed by creditors, grantors, contributors, or laws and

regulationsofothergovernments.



Committed

is that portion of fund equity which has limitations imposed by the Board of Trustees.To be reported as

committed,amountscannotbeusedforanyotherpurposesunlessthe Districttakesthesamehighestlevelofactionto

removeorchangetheconstraint.TheDistrictestablishes(andmodifiesorrescinds)

fundbalancecommitmentsbypassage

ofaresolution.TheBoardcommitted100%oftheendingfundbalanceintheCampusActivityFundsforusebytherespective

campus.



Assignedisthatportionoffundequitythatisspendableoravailableforappropriationbuthasbeententativelyearmarked

forsome specific

purposebyadesignee thathasbeengrantedtheauthoritybytheBoard.TheDistrictdidnothaveany

assigned fund balances as of August 31, 2021.In addition, the Board assigned an amount equivalent to three months

operatingexpendituresintheGeneralFundandanamountequivalenttoten

percentoftheannualdebtserviceonbonds

approvedbythevotersasMinimumFundBalances.TheMinimumFundBalancePolicywasapprovedtosetasideresources

tomaintainliquidity andtocover unanticipateddeficits of revenuereductionsthatmay becausedbyadverseeconomic

conditions.



Unassignedisthatportion

offundequitythatisavailableforanylegalpurpose.Thegeneralfundistheonlyfundthatwill

havean unassignedamount.Ifothergovernmentalfundsincurexpendituresforspecifiedpurposesthatexceedtheamounts

restricted,committed,orassignedtothosepurposes,itmaybenecessarytoreportanegative

unassignedfundbalance.The

orderofspendingandavailabilityofthefundbalancesshallbetoreducefundsinthefollowingorder:restricted,committed,

assigned,andunassigned.



WhentheDistrictincursanexpenseforwhichitmayuseeitherrestrictedorunrestrictednetposition,itusesrestrictednet

positionfirst

unlessunrestricted netpositionwillhave tobereturnedbecausetheywere notused.Netpositiononthe

StatementofNetPositionincludesthefollowing:



NetInvestmentinCapitalAssets‐Thecomponentofnetpositionthatreportsthedifferencebetweencapitalassetsless

boththeaccumulateddepreciationandthe

outstandingbalanceofdebt,excludingunspentproceeds,thatisdirectly

attributabletotheacquisition,construction,orimprovementofthesecapitalassets.



Restrictednetposition‐Thecomponentofnetpositioncalculatedbyreducingthecarryingvalueofrestrictedassetsby

theamountofanyrelateddebtoutstanding.



Unrestricted‐Thedifference

betweentheassetsandliabilitiesthatisnotreportedInvestmentinCapitalAssetsand

RestrictedNetPosition.





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 45 LewisvilleISD2021ACFR

Note1‐SummaryofSignificantAccountingPolicies(continued)



Self‐insuredWorkers'Compensation



OnSeptember1,1990,theDistrictestablishedaself‐fundingWorkers'Compensationprogram.TheDistrictmaintainsaself‐

insuredretention 

of$500,000peroccurrence.TheDistrictcurrentlypurchasesspecificexcesscoveragetostatutorylimits

fromaninsurancecompanythatdoesnothaveamaximumamount.TheDistrictalsomaintainsaself‐insuredretentionof

$2,242,718foraggregateclaims.AnaggregatepolicyfromEdwardsRiskManagementprovides$1,000,000inexcessofthe



retentionamount.TotalclaimsexceedingthemaximumaggregatepolicyamountbecometheresponsibilityoftheDistrict.

ClaimsadministrationwasprovidedbyEdwardsClaimsAdministrationofMarbleFalls,Texas.



AtAugust31,2021,theaccruedliabilitiesforWorkers'Compensationself‐insuranceof$1,339,451,whichincludesincurred

butnotreported(IBNR)claims. 

Becauseactualclaimliabilitiesdependonsuchcomplexfactorsasinflation,changesinlegal

doctrines,anddamageawards,theprocessusedincomputingtheliabilitydoesnotresultnecessarilyinanexactamount.

Theliabilitybookedwastheundiscountedestimateoftheactuary.



Changesintheworkers'compensationclaimsliability

paidduringtheyearareasfollows:



YearEnded YearEnded

August31,2021 August31,2020

Unpaidclaims,beginningofyear 1,212,968$ 1,348,724$

Incurredclaims(includingIBNR's) 1,290,402 926,710

Claimpaymentsandchangesinestimate (1,163,919) (1,062,466)

Unpaidclaims,endoffiscalyear 1,339,451$ 1,212,968$



RiskManagement



TheDistrictis exposedtovarious risksof  lossrelatedtotorts,theftof,damageto,anddestructionofassets,errorsand

omissions,injuriestoemployees,andnaturaldisasters.Duringfiscal2021,theDistrictpurchasedcommercialinsuranceto

cover general liabilities.There were no significant reductions in coverage

 in the current fiscal year, and there were no

settlementsexceedinginsurancecoverageforeachofthepastthreefiscalyears.



Encumbrances



Encumbrancesforgoodsorpurchasedservicesaredocumentedbypurchaseordersorcontracts.SinceunderTexaslaw,

appropriationslapseatfiscalyear‐end,outstandingencumbrancesareappropriately

providedforinthesubsequentfiscal

years'budgettoprovidefortheliquidationofthepriorcommitments.AsofAugust31,2021,theDistricthadencumbrances

intheGeneralFundandFoodServiceprogramof$2,389,195and$1,808,respectivelythatrolledoverintothenewfiscal

year.



DataControlCodes



ThedatacontrolcodesrefertotheaccountcodestructureprescribedbyTEAintheFinancialAccountabilitySystemResource

Guide.TEArequiresschooldistrictstodisplaythesecodesinthefinancialstatementssubmittedtotheminordertoensure

accuracyinbuildingastatewidedatabaseforpolicydevelopmentandfunding

plans.





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)

46 LewisvilleISD2021ACFR

Note1‐SummaryofSignificantAccountingPolicies(continued)

Estimates

Thepreparationoffinancialstatementsinconformitywithgeneralacceptedaccountingprinciplesrequiresmanagementto

makeestimatesandassumptionsthataffectcertainreported

amountsanddisclosures.Accordingly,actualresultscould

differfromthoseestimates.

Pensions

ThefiduciarynetpositionoftheTeacherRetirementSystemofTexas(TRS)hasbeendeterminedusingtheflowofeconomic

resourcesmeasurementfocusandfullaccrualbasisofaccounting.Thisincludesforpurposesofmeasuringthenetpension



liability, deferred outflows of resources and deferred inflows of resources related to pensions,  pension expense, and

information about assets, liabilities and additions to/deductions from TRS's fiduciary net position. Benefit payments

(includingrefundsofemployeecontributions)arerecognizedwhendueandpayableinaccordancewiththebenefitterms.

Investmentsarereportedatfairvalue.

OtherPost‐EmploymentBenefits

ThefiduciarynetpositionoftheTeacherRetirementSystemofTexas(TRS)TRS‐CarePlanhasbeendeterminedusingtheflow

ofeconomicresourcesmeasurementfocusandfullaccrualbasisofaccounting.Thisincludesforpurposesofmeasuringthe

net OPEB liability,

 deferred outflows of resources and deferred inflows of resources related to other post‐employment

benefits,OPEBexpense,andinformationaboutassets,liabilitiesandadditionsto/deductionsfromTRS‐Care’sfiduciarynet

position. Benefit payments are recognized when due and payable in accordance with the benefit terms. There are no

investmentsas

thisisapay‐asyou‐goplanandallcashisheldinacashaccount.

Note2‐BudgetaryLegalCompliance

Duringthefiscalyear,theoperatingbudgetmustbeamendedbytheBoardforchangesthatincreaseordecreasetheoriginal

budget.Allsupplementalappropriationsmustbewithin

limitsofavailablerevenuesandfundequity.Thefollowingtable

summarizeschangestotheoriginallyadoptedbudgetedfunds:

Appr opria tions Appropr iations

asof Supplementa l asof

September01,2020 Appropri a tions August31,2021

Fund (OriginalBudget) a nd Revisions (AmendedBudget)

GeneralFund 543,060,469$  6,373,582$  549,434,051$ 

FoodServiceFund 25,169,104 1,127 25,170,231

DebtServiceFund 166,624,505 ‐ 166,624,505

Total BudgetedFunds 734,854,078$  6,374,709$  741,228,787$ 

Theincreasesinappropriatio

nsfortheGeneralFundandFoodServiceFundweremainlyattributedtopurchaseorders.The

General Fund expenditures were greater than the budgeted amounts by $18.3 million in Function 91 for the change in

recapturedue bytheDistrict toTEAasa result oftheStateAid settle‐upprocess,ho

ld harmless adjustmentsandother

calculations.Function33intheGeneralFundwasalsooverbudgetby$1.2million.

Areconciliationoffundbalancesforbudgetedandunbudgetedspecialrevenuefundsisasfollows:

Budget‐SpecialRevenueFund‐FoodService 7,353,837$ 

UnbudgetedFunds 7,727,152

AllSpecialRevenueFunds 15,080,989$ 

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 47 LewisvilleISD2021ACFR

Note3‐PropertyTaxes



TheDistrict'sadvalorempropertytaxisleviedeachOctober1onthetaxablevalueasofthepriorJanuaryforallrealand

businesspersonalpropertylocatedin

theDistrict.Thetaxablevalueofthepropertytaxrolluponwhichthelevywasbased

forthe2020‐21fiscalyearwas$44,196,015,587.



ThetaxratesassessedfortheyearendedAugust31,2021tofinanceGeneralFundoperationsandthepaymentofprincipal

andinterestongeneralobligation

long‐termdebtwere$0.9664and$0.3809per$100valuation,respectively,foratotalof

$1.3773per$100valuation.



PropertytaxesattachasanenforceablelienonpropertyasofJanuary1.TaxesareleviedonOctober1andaredueand

payableatthattime.Allunpaidtaxeslevied

October1becomedelinquentbyFebruary1ofthefollowingyear.Currenttax

collectionsfortheyearendedAugust31,2021were99.38%oftheyear‐endadjustedtaxlevy.



Delinquent taxes are prorated between maintenance and debt service based on rates adopted for the year of the levy.

Allowances

foruncollectibletaxeswithintheGeneralandDebtServiceFundsarebasedonhistoricalexperienceincollecting

taxes.Uncollectiblepersonalpropertytaxesareperiodicallyreviewedandwrittenoff,buttheDistrictisprohibitedfrom

writingoffrealpropertytaxeswithoutspecificstatutoryauthorityfromtheTexasLegislature.AsofAugust

31,2021,prop erty

taxes receivable totaled $8,070,429. The estimated uncollectible taxes totaled $897,989 for the General Fund and Debt

ServiceFundcombined.



Note4‐DueTo/FromOtherGovernments



TheDistrictparticipatesinavarietyoffederalandstateprogramsfromwhichitreceivesgrantstopartiallyorfullyfinance

certain

activities.Inaddition,theDistrictreceivesentitlementsfromtheStatethroughtheSchoolFoundationandPerCapita

Programs.AllfederalgrantsshownbelowarepassedthroughtheTEAandarereportedonthefinancialstatementsasDue

fromOtherGovernments.TheamountsduefromDentonCountyarefortheJuvenile

JusticeAlternativeEducationProgram

(JJAEP)andpropertytaxes.AmountsduefromfederalandstategovernmentsasofAugust31,2021aresummarizedbelow.

AmountsareexpectedtobecollectedwithintwomonthsaftertheDistrict’sfiscalyearend.



Denton State Federal

Fund County Entitlements Grants Total

General 43,477$ ‐$ 1,468,505$ 1,511,982$

DebtService 17,022 ‐ ‐ 17,022

FederalFunds 12,677,289 12,677,289

SpecialRevenue ‐ 2,083,313 2,083,313

Total 60,499$ 2,083,313$ 14,145,794$ 16,289,606$



Duetostaterepresentspaymentduetothestateforsalestax,overpaymentofthefoundationallotment.Amountsdueto

other represents taxes collected from the purchase of land and due to the County. Amounts due to local and state

governmentsasofAugust31,2021aresummarizedbelow.



Fund State Other Total

General 8,732,630$ ‐$ 8,732,630$

SpecialRevenue ‐ 2,673 2,673

Total 8,732,630$ 2,673$ 8,735,303$





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 48 LewisvilleISD2021ACFR

Note5‐CapitalAssets



CapitalassetactivityfortheyearendedAugust31,2021wasasfollows:



Balance Balance

September1,

2020 Additions Deletions Transfers August31,2021

Capitalassets,notbeingdepreciated:

Land 103,359,677$ ‐$ ‐$ ‐$ 103,359,677$

Constructioninprogress 87,679,756 153,795,588 ‐ (134,554,131) 106,921,213

TotalCapitalAssets,notbeingdepreciated 191,039,433 153,795,588 ‐ (134,554,131) 210,280,89 0

Capitalassets,beingdepreciated:

Buildingsandimprovements 1,605,712,241 724,394 1,832,017 134,386,256 1,738,990,874

Vehicles 32,624,701 229,040 221,227 ‐ 32,632,514

Furnitureandequipment 26,828,050 766,323

363,170 167,875 27,399,07 8

TotalCapitalAssets,beingdepreciated 1,665,164,992 1,719,757 2,416,414 134,55 4,131 1,799,022,466

Lessaccumulateddepreciationfor:

Buildingsandimprovements 510,423,284 46,637,006 1,580,532 ‐ 555,479,758

Vehicles 3,771,860 2,754,597 217,402 ‐ 6,309,055

FurnitureandEquipment 16,492,533 2,115,726 345,977 ‐ 18,262,282

TotalAccumulatedDepreciation 530,687,67 7 51,507,329 2,143,911 ‐ 580,051,095

Governmentalactivitiescapitalassets,net 1,134,477,315 (49,787,572) 272,503 134,554,131 1,218,971,371

GovernmentalCapital

Assets 1,325,516 ,748$ 104,008,016$ 272,503$ ‐$ 1,429,252,261$



DepreciationexpensewaschargedtofunctionsoftheDistrictasfollows:



GovernmentalActivities:

Instructionandinstructionalrelatedservices

28,991,880$

Instructionalandschoolleadership

1,410,091

Supportservicesstudent(pupil)

11,88 7,803

Administrativesupportservices

198,686

Supportservices‐non‐studentbased

8,175,918

Ancillarystudents

842,951

TotalDepreciationExpense‐GovernmentalActivities

51,507,329$



ConstructionCommitments



AsummaryofthemostsignificantcapitalprojectsinprogressandtherelatedcommitmentasofAugust31,2021,follows:



Rem aining

Commitment

FlowerMoundHighSchoolRefres h 5,471,645$

HebronHighSchoolBlackBoxTheater 9,715,211

HebronHighSchoolRefres h 3,385,144

LewisvilleHighSc hoolFin eArts 3,355,290

Me morialElementarySchool 2,476,054

WellingtonEl ementa rySc hoolRefres h 4,493,268



LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 49 LewisvilleISD2021ACFR

Note6‐DefinedBenefitPensionPlan(continued)



PlanDescription



TheDistrictparticipatesinacost‐sharingmultiple‐employerdefinedbenefitpensionthathasaspecialfundingsituation.The

planisadministeredby

theTeacherRetirementSystemofTexas(TRS).TRS’sdefinedbenefitpensionplanisestablishedand

administeredinaccordancewiththeTexasConstitution,ArticleXVI,Section67andTexasGovernmentCode,Title8,Subtitle

C.ThepensiontrustfundisaqualifiedpensiontrustunderSection401(a)oftheInternalRevenueCode.

TheTexasLegislature

establishesbenefitsandcontributionrateswithintheguidelinesoftheTexasConstitution.Thepension’sBoardofTrustees

doesnothavetheauthoritytoestablishoramendbenefitterms.



Allemployeesofpublic,state‐supported educationalinstitutionsinTexaswhoare employedforone‐halformore of

the

standardworkloadandwhoarenotexemptedfrommembershipunderTexasGovernmentCode,Title8,Section822.002are

coveredbythesystem.



PensionPlanFiduciaryNetPosition



DetailedinformationabouttheTeacherRetirementSystem’sfiduciarynetpositionisavailableinaseparately‐issuedAnnual

ComprehensiveFinancialReportthatincludes

financialstatementsandrequiredsupplementaryinformation.Thatreport

maybeobtained on the internet at https://www.trs.texas.gov/TRS%20Documents/cafr_2020.pdf,or bywritingtoTRS at

1000RedRiverStreet,Austin,TX,78701‐2698,orbycalling(512)542‐6592.

BenefitsProvided



TRS provides service and disability retirement, as well as death and survivor benefits, to eligible employees (and their

beneficiaries)ofpublicandhighereducationinTexas.Thepensionformulaiscalculatedusing2.3percent(multiplier)times

theaverageofthefivehighestannualcreditablesalariestimesyearsof

creditedservice toarrive attheannualstandard

annuity except for members who are grandfathered, the three highest annual salaries are used. The normal service

retirementisatage65with5yearsofcreditedserviceorwhenthesumofthemember’sageandyearsofcreditedservice

equals80

ormoreyears.Earlyretirementisatage55with5yearsofservicecreditorearlierthan55with30yearsofservice

credit.Thereareadditionalprovisionsforearlyretirementifthesumofthemember’sageandyearsofservicecredittotalat

least80,butthe

memberislessthanage60or62dependingondateofemployment,orifthememberwasgrandfathered

inunderapreviousrule.Therearenoautomaticpostemploymentbenefitchanges;includingautomaticCOLAs.Adhocpost‐

employmentbenefitchanges,includingadhocCOLAscanbegrantedbytheTexasLegislature

asnotedinthePlandescription

above.



TexasGovernment Codesection821.006prohibitsbenefitimprovements,if,asa resultof theparticularaction,thetime

required to amortize TRS’ unfunded actuarial liabilities would be increased to a period that exceeds 31 years, or, if the

amortizationperiodalreadyexceeds31

years,theperiodwouldbeincreasedbysuchaction.Actuarialimplicationsofthe

fundingprovidedinthemanneraredeterminedbytheSystem’sactuary.



In May2019,the86th Texas Legislature approvedthe TRS Pension Reform Bill (SenateBill12)that provides forgradual

contributionincreasesfromthestate,participating

employers,andactiveemployeestomakethepensionfundactuarially

sound.Thisactioncausingthepensionfundtobeactuariallysound,allowedthelegislaturetoapprovefundingfora13th

checkinSeptember2019.AlleligiblemembersretiredasofDecember31,2018receivedanextraannuitycheckineither

the

matchingamountoftheirmonthlyannuityor$2,000,whicheverwasless.





LEWISVILLEINDEPENDENTSCHOOLDISTRICT

 ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 50 LewisvilleISD 2021ACFR

Note6‐DefinedBenefitPensionPlan(continued)



Contributions



ContributionrequirementsareestablishedoramendedpursuanttoArticle16,section67oftheTexasConstitutionwhich

requires the Texas legislature to establish a member contribution rate of not less than 6% of the member’s annual

compensationandastatecontributionrateofnotlessthan6%andnotmore

than10%oftheaggregateannualcompensation

paidtomembersofthesystemduringthefiscalyear.



Employeecontributionratesaresetinstatestatute,TexasGovernmentCode825.402.TheTRSPensionReformBill(Senate

Bill12)ofthe86thTexasLegislatureamendedTexasGovernmentCode825.402formembercontributions

andincreased

employeeandemployercontributionratesforfiscalyears2020thru2025.



Contributorstotheplanincludemembers,employersandtheStateofTexasastheonlynon‐employercontributingentity.

TheStateistheemployerforseniorcolleges,medicalschoolsandstateagenciesincludingTRS.Ineachrespectiverole,the

StatecontributestotheplaninaccordancewithstatestatutesandtheGeneralAppropriationsAct(GAA).



As the non‐employer contributing entity for public  education and junior colleges, the State of Texas contributes to the

retirementsystemanamountequaltothecurrentemployercontributionrate,timestheaggregateannualcompensation

of

allparticipatingmembersofthepensiontrustfundduringthatfiscalyear,reducedbytheamountsdescribedbelowwhich

arepaidbytheemployers.Employers(publicschool,juniorcollege,otherentities,ortheStateofTexasastheemployerfor

senioruniversitiesandmedicalschools)arerequiredtopay

theemployercontributionrateinthefollowinginstances:





Ontheportionofthemember'ssalarythatexceedsthestatutoryminimumformembersentitledtothestatutory

minimumunderSection21.402oftheTexasEducationCode.



Duringanewmember’sfirst90daysofemployment.



Whenanypartorallofanemployee’ssalaryispaidbyfederalfundingsources,aprivatelysponsoredsource,from

non‐educationalandgeneral,orlocalfunds.



Whentheemployingdistrictisapublicjuniorcollegeorjuniorcollegedistrict,theemployershallcontributetothe

retirementsystemanamountequalto50%ofthestatecontributionrateforcertaininstructionaloradministrative

employees;and100%ofthestatecontributionrateforallotheremployees.







FiscalYear

(2021

Member(Employee) c ontr i buti ons 27,764,001$

Non‐empl oyer(State)on ‐behalfc o ntributions 19,87 2 ,836

Employer(District)c o ntributions 11 ,716 ,40 4

TRS

Contributions





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 51 LewisvilleISD2021ACFR

Note6‐DefinedBenefitPensionPlan(continued)



Contributions(continued)



Inadditiontotheemployercontributionslistedabove,thereisanadditionalsurchargeanemployerissubjectto.



 All public schools, charter

 schools, and regional educational service centers must contribute 1.5 percent of the

member’ssalarybeginninginfiscalyear2020,graduallyincreasingto2percentinfiscalyear2025.

 WhenemployingaretireeoftheTeacherRetirementSystem,theemployershallpayboththemembercontribution

andthestatecontribution

asanemploymentafterretirementsurcharge.



ActuarialAssumptions



The total pension liability in the August 31, 2019 actuarial valuation was determined using the following actuarial

assumptions:



ComponentResult

ValuationDateAugust31,2019rolledforwardtoAugust31,2020

ActuarialCostMethodIndividual EntryAgeNormal

AssetValuationMethodMarketValue

SingleDiscountRate7.25%

Long‐termExpected

Rate7.25%

MunicipalBondRateasofAugust31,

2020

 2.33%‐SourcefortherateistheFixedIncomeMarketData/Yield

Curve/DataMunicipalbondswith20yearstomaturitythatincludeonly

federallytax‐exemptmunicipalbondsasreportedinFidelityIndex's"20‐

YearMunicipalGOAAIndex"

Lastyear

endingAugust31in

ProjectionPeriod(100years)



2119

Inflation2.30%

Salaryincreases3.05%to9.05%includinginflation

Adhocpost‐employmentbenefit

changes



None



Theactuarialmethodsandassumptionsareusedinthedeterminationofthetotalpensionliabilityarethesameassumptions

usedintheactuarial

valuationasofAugust31,2019.Theseassumptionsarefurtherdescribedthe2020TRSACFR,which

includesactuarialvaluationreportdatedNovember14,2019.



DiscountRate



Asinglediscountrateof7.25percentwasusedtomeasurethetotalpensionliability.Thesinglediscountratewasbasedon

theexpectedrateofreturnonpensionplaninvestmentsof7.25perc ent.Theprojectionofflowsusedtodeterminethissingle

discountrateassumedthatcontributions 

fromactivemembers,employersandthenon‐employercontributingentitywillbe

madeattheratessetbythelegislatureduringthe2019session.Itisassumedthatfutureemployerandstatecontributions

willbe8.50percentofpayrollinfiscalyear2020graduallyincreasingto9.55percentofpayrollover

thenextseveralyears.

Thisincludesallemployerandstatecontributionsforactiveandrehiredretirees.



Basedonthoseassumptions,thepensionplan’sfiduciarynetpositionwasprojectedtobeavailabletomakeallprojected

future benefits payment of current plan members. Therefore, the long‐term expected rate of return

on pension plan

investmentswasappliedtoallperiodsofprojectedbenefitpaymentstodeterminethetotalpensionliability.

LEWISVILLEINDEPENDENTSCHOOLDISTRICT



ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 52 LewisvilleISD2021ACFR

Note6‐DefinedBenefitPensionPlan(continued)



DiscountRate(continued)



Thelong‐termrateofreturnonpensionplaninvestmentsis7.25%.Thelong‐termexpectedrateofreturnonpensionplan

investmentswasdeterminedusingabuilding‐blockmethodinwhichbest

‐estimatesrangesofexpectedfuturerealratesof

return(expectedreturns,netofpensionplaninvestmentexpenseandinflation)aredevelopedforeachmajorassetclass.

Theserangesarecombinedtoproducethelong‐termexpectedrateofreturnbyweightingtheexpectedfuturerealratesof

returnbythe

targetassetallocationpercentageandbyaddingexpectedinflation.



BestestimatesofgeometricrealratesofreturnforeachmajorassetclassincludedintheSystem’stargetassetallocationas

ofAugust31,2020aresummarizedbelow:





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 53 LewisvilleISD2021ACFR

Note6‐DefinedBenefitPensionPlan(continued)



DiscountRateSensitivityAnalysis



ThefollowingtablepresentstheNetPensionLiabilityoftheplanusingthediscountrateof7.25percent,andwhatthenet

pensionliabilitywouldbeifitwerecalculatedusingadiscountratethatisonepercentagepointlower(6.25percent)orone

percentagepoint

higher(8.25percent)thanthecurrentrate.



1%Decreasein Disc ount 1%Increasein

Disc ountRate(6 .25%) Rate(7.25%) Di scountRate(8.25%)

District'spropo rtionateshareofthe

netpensionliability: 185,158,939$ 120,078,526$ 67,202,117$



PensionLiabilities,PensionExpense,andDeferredOutflows/InflowsofResourcesRelatedtoPensions



AtAugust31, 2021, the District reported a liability of $120,078,526foritsproportionate share ofthe TRS’s netpension

liability.ThisliabilityreflectsareductionforStatepensionsupportprovidedtotheDistrict.Theamountrecognizedby

the

Districtasits proportionateshareof  thenetpension liability, the related Statesupport,andthetotal portionofthe net

pensionliabilitythatwasassociatedwiththeDistrictwereasfollows:



District'sproportionateshareofthecollectivenetpensionliability 120,078,526$

State'sproportionatesharethatisassociatedwiththeDistri ct 275,852,016

Tota l 395,930,542$



ThenetpensionliabilitywasmeasuredasofAugust31,2019androlledforwardtoAugust31,2020andthetotalpension

labilityusedtocalculatethenetpensionliabilitywasdeterminedbyanactuarialvaluationasofthatdate.Theemployer’s

proportion of the net pension liability was based

on the employer’s contributions to the pension plan relative to the

contributionsofallemployerstotheplanfortheperiodSeptember1,2019thruAugust31,2020.



AtAugust31, 2020,the District’sproportionofthecollective netpensionliability was 0.2242%whichwas adecreaseof

0.0826%from

itsproportionmeasuredasofAugust31,2019.



TheDistrictwillcontinuetocontributeintoTRSatthestatutorilydeterminedrates.TRSwillthenapplythosecontributions

tothenetpensionliabilities.TheDistrictcontributestoTRSprimaryfromtheGeneralandSpecialRevenueFunds.



ChangesSincethePriorActuarialValuation



Therewerenochangesinassumptionssincethepriormeasurementdate.



FortheyearendedAugust31,2021,theDistrictrecognizedpensionexpenseof$14,943,092.TheDistrictalsorecognizedan

additionalon‐behalfrevenueandexpenseof$33,178,872representingforsupportprovidedbythe

State.





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 54 LewisvilleISD2021ACFR

Note6‐DefinedBenefitPensionPlan(continued)



ChangesSincethePriorActuarialValuation(continued)



AtAugust31,2021,theDistrictreporteditsproportionateshareoftheTRS’sdeferredoutflowsofresourcesanddeferred

inflowsofresourcesrelatedtopensionsfromthefollowingsources:



DeferredOutflows Deferr edInfl ows

ofResources ofResources

Differencebetweenexpectedandactualexperience 219,254$ (3,351,073)$

Changesinactuariala s sumptions 27,862,490 (11,846,937)

Differencebetweenpr ojectedandactualinvestmentea rni ngs 2,430,887 ‐

Changesinproportionanddifferenc ebetweenempl oyer

contributionsandproportionateshareofcontributions 4,691,082 (31,726,891)

Districtcontributionssubs equenttothemeasurementdate 11,716,404 ‐

Tota l 46,920,117$ (46,924,901)$



DeferredoutflowsofresourcesresultingfromDistrictcontributionssubsequenttothemeasurementdateintheamountof

$11,716,404willberecognizedasareductionofthenetpensionliabilityintheyearendedAugust31,2022.Thenetamounts

ofthe District’sbalancesofdeferredoutflowsandinflows ofresources

relatedtopensionswill berecognizedinpension

expenseasfollows:



YearEnded

August31:

Pens ionExpense

Amount

2021 640,430$

2022 433,458

2023 9,201

2024 (4,076,438)

2025 (7,000,564)

Thereafter (1,727,275)

(11,721,188)$





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 55 LewisvilleISD2021ACFR

Note7‐DefinedOtherPost‐EmploymentBenefitPlans



PlanDescription



TheDistrictparticipatesintheTexasPublicSchoolRetiredEmployeesGroupInsuranceProgram(TRS‐Care).Itisamultiple‐

employer,cost‐sharing

definedOtherPost‐EmploymentBenefit(OPEB)planthathasaspecialfundingsituation.TheTRS‐

Careprogramwasestablishedin1986bytheTexasLegislature.



TheTRSBoardofTrusteesadministerstheTRS‐CareprogramandtherelatedfundinaccordancewithTexasInsuranceCode

Chapter1575.TheBoardof

Trusteesisgrantedtheauthoritytoestablishbasicandoptionalgroupinsurancecoveragefor

participants as well as to amend benefit terms as needed under Chapter 1575.052. The Board may adopt rules, plans,

procedures, and orders reasonably necessary to administer the program, including minimum benefits and financing

standards.



OPEBPlan

FiduciaryNetPosition



DetailinformationabouttheTRS‐Care’sfiduciarynetpositionisavailableintheseparately‐issuedTRSAnnualComprehensive

FinancialReportthatincludesfinancialstatementsandrequiredsupplementaryinformation.Thatreportmaybeobtained

on the internet at https://www.trs.texas.gov/TRS%20Documents/cafr_2020.pdf, or by writing to TRS at 1000 Red

River

Street,Austin,TX,78701‐2698,orbycalling(512)542‐6592.



BenefitsProvided



TRS‐Care provides health insurance coverage to retirees from public schools, charter schools, regional education service

centersandothereducationaldistrictswhoaremembersoftheTRSpensionplan.Optionaldependentcoverageisavailable

foranadditional

fee.



Eligiblenon‐MedicareretireesandtheirdependentsmayenrollinTRS‐CareStandard,ahigh‐deductiblehealthplan.Eligible

Medicare retirees and their dependents may enroll in the TRS‐Care Medicare Advantage medical plan and the TRS ‐Care

MedicareRxprescriptiondrugplan.ToqualifyforTRS‐Carecoverage,

aretireemusthaveatleast10yearsofservicecredit

intheTRSpensionsystem.Therearenoautomaticpost‐employmentbenefitchanges;includingautomaticCOLAs.



Thepremiumratesforretireesarereflectedinthefollowingtable.



Medicare Non‐Medicare

RetireeorSurvivingSpouse 135$ 200$

RetireeandSpouse 529 689

RetireeorSurvivingSpouse

andChildren 468 408

RetireeandFamily 1,020 999

TRS‐CarePlanPremiumRates





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 56 LewisvilleISD2021ACFR

Note7‐DefinedOtherPost‐EmploymentBenefitPlans(continued)



Contributions



ContributionratesfortheTRS‐CareplanareestablishedinstatestatutebytheTexasLegislature,andthereisnocontinuing

obligation

toprovidebenefitsbeyondeachfiscalyear.TheTRS‐Careplaniscurrentlyfundedonapay‐as‐you‐gobasisandis

subject to change based on available  funding. Funding for TRS‐Care is provided by retiree premium contributions and

contributionsfromthestate, activeemployees,andschooldistrictsbased

uponpublicschooldistrictpayroll.TheTRSBoard

oftrusteesdoesnothavetheauthoritytosetoramendcontributionrates.



TexasInsurance Code,section1575.202establishesthestate’scontributionratewhichis1.25percentoftheemployee’s

salary.Section1575.203establishestheactiveemployee’sratewhichis.65percent

ofpay.Section1575.204establishesan

employercontributionrateofnotlessthan0.25percentornotmorethan0.75percentofthesalaryofeachactiveemployee

of the public or charter school. The actual employer contribution rate is prescribed by the Legislature in the General

AppropriationsAct.The

followingtableshowscontributionstotheTRS‐Careplanbytypeofcontributor.



2021 2020

ActiveEmployee 0.65% 0.65%

Non‐EmployerContributingEntity(State) 1.25% 1.25%

Employers 0.75% 0.75%

Federal/PrivateFundingremittedbyEmployers 1.25% 1.25%

ContributionRates

FiscalYear

TRS‐Care 

Contributions

Member(Empl oyee) 2,343,701$

Non‐empl oyercontributingagency(State) 5,930,684

Dis tri ct 2,918,891



In addition totheemployercontributions listed above, there is anadditionalsurchargeall TRS employers are subject to

(regardlessofwhetherornottheyparticipateintheTRSCareOPEBprogram).WhenemployershireaTRSretiree,theyare

requiredtopaytoTRS‐Care,amonthlysurchargeof

$535perretiree.



TRS‐Care received supplemental appropriations from the State of Texas as the Non‐Employer Contributing Entity in the

amountof$230.8millioninfiscalyear2020tomaintainpremiumsandbenefitlevelsinthe2020‐2021biennium.



ActuarialAssumptions



Theactuarialvaluationwasperformedasof

August31,2019.UpdateprocedureswereusedtorollforwardtheTotalOPEB

LiabilitytoAugust31,2020.Theactuarialvaluationwasdeterminedusingthefollowingactuarialassumptions:



Theactuarial valuationof theOPEBplanofferedthroughTRS‐Care issimilar tothe actuarialvaluation performedforthe

pension plan,

except that the OPEB valuation is more complex. All the demographic assumptions, including rates of

retirement, termination, and disability, and most of the economic assumptions, including general inflation and salary

increases,usedintheOPEBvaluationwereidenticaltothoseusedintherespectiveTRSpensionvaluation.Thedemographic

assumptionswere

developedintheexperiencestudyperformedforTRSfortheperiodendingAugust31,2017.



LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 57 LewisvilleISD2021ACFR

Note7‐DefinedOtherPost‐EmploymentBenefitPlans(continued)



ActuarialAssumptions(continued)



ThefollowingassumptionsandotherinputsusedformembersofTRS‐Carearebasedonanestablishedpatternofpractice

andareidenticaltotheassumptionsusedintheAugust31,2019TRSpensionactuarialvaluationthatwasrolledforwardto

August31,2020:(a)RatesofMortality,(b)RatesofRetirement,(c)RatesofTermination,(d)RatesofDisability,(e)General

Inflation,(f)WageInflation,and(g)ExpectedPayrollGrowth.



Theactivemortalityrateswerebasedon90percentoftheRP‐2014EmployeeMortalityTablesformalesandfemales,with

fullgenerationalmortalityusingScaleBB.Thepost‐retirementmortalityratesforhealthyliveswerebasedonthe2018TRS

ofTexasHealthyPensionerMortalityTables,withfullgenerational

projectionusingtheultimateimprovementratesfromthe

mostrecentlypublishedscale(U‐MP).



AdditionalActuarialMethodsandAssumptions:



DiscountRate



Asinglediscountrateof2.33percentwasusedtomeasuretheTotalOPEBLiability.Therewasadecreaseof.30percentin

thediscountratesince

thepreviousyear.Becausetheplanisessentiallya“pay‐as‐you‐go”plan,thesinglediscountrateis

equaltotheprevailingmunicipalbondrate.Theprojectionofcashflowsusedtodeterminethediscountrateassumedthat

contributionsfromactivemembersandthoseofthecontributingemployersandthe

non‐employercontributingentityare

madeatthestatutorilyrequiredrates.Basedonthoseassumptions,theOPEBplan’sfiduciarynetpositionwasprojectedto

notbeabletomakeallfuturebenefitpaymentsofcurrentplanmembers.Therefore,themunicipalbondratewasusedfor

thelong‐termrateof

returnandwasappliedtoallperiodsofprojectedbenefitpaymentstodeterminethetotalOPEBliability.

ThesourceofthemunicipalbondrateistheFidelity“20‐yearMunicipalGOAAIndex”asofAugust31,2020usingthefixed‐

incomemunicipalbondswith20yearstomaturitythatinclude

onlyfederallytax‐exemptmunicipalbonds





Component



Result

ValuationDate



August31,2019,rolledforwardtoAugust31,2020

ActuarialCostMethod



IndividualEntryAgeNormal

Inflation



2.30%

SingleDiscountRate



2.33%asofAugust31,2020

AgingFactors



Basedonplanspecificexperience

ElectionRates



Normal Retirement: 65% participation prior to age

65 and 40%

participation after age 65, 25% of pre‐65 retirees are assumed to

discontinuecoverageatage65

Expenses



Third‐partyadministrativeexpensesrelatedtothedeliveryofhealth

carebenefitsareincludedintheage‐adjustedclaimcosts.

SalaryIncreases



3.05%to9.05%includinginflation

AdHoc

Post‐Employment

BenefitChanges



None

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 58 LewisvilleISD2021ACFR

Note7‐DefinedOtherPost‐EmploymentBenefitPlans(continued)



DiscountRateSensitivityAnalysis



DiscountRate–ThefollowingscheduleshowstheimpactoftheNetOPEBLiabilityifthediscountrateused

was1%less

thanand1%greaterthanthediscountratethatwasused(2.33%)inmeasuringtheNetOPEBLiability.



1%Decreasein CurrentDiscount 1%Increas ein

Disc ountRate(1.33%) Ra te(2.33%) Di s countRate(3.33%)

167,478,241$ 139,565,467$ 117,518,382$

SensitivityoftheNetOPEBLiabilitytotheSingleDis countRateAssumptions



OPEBLiabilities,OPEBExpense,andDeferredOutflowsofResourcesandDeferredInflowsofResourcesRelatedtoOPEBs



AtAugust31,2021,theDistrictreportedaliabilityof$139,565,467foritsproportionateshareoftheTRS’sNetOPEBLiability.

ThisliabilityreflectsareductionforStateOPEBsupportprovidedtothe

District.TheamountrecognizedbytheDistrictasits

proportionateshareofthenetOPEBliability,therelatedStatesupport,andthetotalportionofthenetOPEBliabilitythat

wasassociatedwiththeDistrictwereasfollows:



District'sproportionateshareofthecol l ecti venetOPEBli a bi l ity 139,565,467$

State'spr oportionatesharethatisassociatedwi thDistri ct 187,542,533

Tota l 327,108,000$



TheNetOPEBLiabilitywasmeasuredasofAugust31,2019androlledforwardtoAugust31,2020andtheTotalOPEBLiability

usedtocalculatetheNetOPEBLiabilitywasdeterminedbyanactuarialvaluationasofthatdate.TheDistrict’sproportion

of the Net OPEB Liability was based

on the District’s contributions to the OPEB plan relative to the contributions of all

employerstotheplanfortheperiodSeptember1,2019throughAugust31,2020.



At August 31, 2020, the District’s proportion of the collective Net OPEB Liability was 0.3671% which was a decrease of

0.0215%from

itsproportionmeasuredasofAugust31,2019.



The District will continue to contribute into TRS‐Care at the statutorily determined rates. TRS will then apply those

contributionstothenetpensionliabilities.TheDistrictcontributestoTRSprimaryfromtheGeneralandSpecialRevenue

Funds.



HealthcareCostTrendRates

–ThefollowingscheduleshowstheimpactoftheNetOPEBLiabilityifahealthcaretrendrate

thatis1%lessthanand1%greaterthanthehealthtrendratesassumed.

CurrentHealt hcareCost

1%Decrease TrendRate 1%Increase

114,007,106$ 139,565,467$ 173,605,593$

SensitivityoftheNe tOPEBLiabilitytothe HealthcareCostTrendRateAssumptions





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 59 LewisvilleISD2021ACFR

Note7‐DefinedOtherPost‐EmploymentBenefitPlans(continued)



ChangesSincethePriorActuarialValuation



The following were changes to the actuarial assumptions or other inputs that affected measurement of the Total

OPEB

Liability(TOL)sincethepriormeasurementperiod:



 Thediscountratechangedfrom2.63percentasofAugust31,2019to2.33percentasofAugust31,2020.Thischange

increasedtheTotalOPEBLiability.

 Theparticipationrateforpost‐65retireeswasloweredfrom50percentto

40percent.ThischangedloweredtheTotal

OPEBLiability.

 Theultimatehealthcaretrendrateassumptionwasloweredfrom4.50percentto4.25percentasaresultofCongress’

repealoftheexcise(Cadillac)taxonhigh‐costemployerhealthplansinDecember2019.ThischangeloweredtheTotal

OPEB

Liability.



Changes of Benefit Terms Since the Prior Measurement Date – There were no changes in benefit terms since the prior

measurementdate.



FortheyearendedAugust31,2021,theDistrictrecognizednegativeOPEBexpenseof$2,785,037.TheDistrictalsorecognized

negativeon‐behalfexpenseandrevenueof

$1,302,224forsupportprovidedbytheState.



AtAugust31,2021,theDistrictreporteditsproportionateshareoftheTRS’sdeferredoutflowsofresourcesanddeferred

inflowsofresourcesrelatedtootherpost‐employmentbenefitsfromthefollowingsources:



DeferredOutfl ows DeferredInfl ows

ofRe source s ofResources

Differencesbetweenexpectedandactual exper i ence 7,307,593$ (63,872,294)$

Changesinactuariala ss umpti ons 8,608,287 (38,325 ,399)

Differencebetweenpr ojectedandactualinvestmentear ni ngs 45,353 ‐

Changesinpr opo rtionanddifferenc ebetweentheemployer

c ontr ibutionsandtheproportionateshareofcontri butions 6,961,18 8 (15,494,977)

Contrib utionspaidtoTRSsubsequenttothemeas urementdate 2,918,891 ‐



Total 25,841,312$ (117,692 ,670)$ 





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 60 LewisvilleISD2021ACFR

Note7‐DefinedOtherPost‐EmploymentBenefitPlans(continued)



ChangesSincethePriorActuarialValuation(continued)



The$2,918,891reportedasdeferredoutflowsofresourcesrelatedtoOPEBresultingfromDistrictcontributionssubsequent

tothemeasurementdatewillberecognizedasareductionofthenetOPEBliabilityintheyearendingAugust31,2022.The

netamountsoftheDistrict’sbalancesofdeferredoutflowsandinflowsofresourcesrelatedtoOPEBwillberecognizedin

OPEBexpenseasfollows:



YearEndedAugust31:

OPEBEx pense

Amount

2022 (15,195,683)$

2023 (15,201,746)

2024 (15,205,213)

2025 (15,204,264)

2026 (11,476,415)

Therea fter (22,486,928)

(94,770,249)$



MedicarePartD



The Medicare Prescription Drug, Improvement, and Modernization Act of 2003, effective

 January 1, 2006, established

prescriptiondrugcoverageforMedicarebeneficiariesknownasMedicarePartD.OneoftheprovisionsofMedicarePartD

allowsfortheTexasPublicSchoolRetiredEmployeeGroupInsuranceProgram(TRS‐Care)toreceiveretireedrugsubsidy

paymentsfromthefederalgovernmenttooffsetcertainprescription

drugexpendituresforeligib leTRS‐Careparticipants.

ForthefiscalyearsendedAugust31,2021,2020,and2019,thesubsidypaymentsreceivedbyTRS‐Careon‐behalfoftheDistrict

were $1,616,208, $1,658,147, and $1,314,781, respectively.The information for the year ended August 31, 2021 is an

estimateprovidedbythe

TeacherRetirementSystem.Thesepaymentsarerecordedasequalrevenuesand expendituresin

thegovernmentalfundsfinancialstatementsoftheDistrict.



Note8‐DeferredCompensationPlan



EmployeesoftheDistrictmayparticipateinadeferredcompensationplanadoptedundertheprovisionsofInternalRevenue

CodeSection457(DeferredCompensation

PlanwithRespecttoServiceforStateandLocalGovernments).Anunrelated

financialinstitution,JEMResourcePartners,Inc.administersthePlan.



ThedeferredcompensationplanisavailabletoallemployeesoftheDistrictwhoarenotcoveredundertheStateRetirement

Plan.Under the plan, employees defer 7.5% of their

salaries and avoid paying taxes on the deferred portion until the

withdrawal date.The deferred compensation amount is not available for withdrawal by employees until termination,

retirement,ordeath.



Aspartofitsfiduciaryrole,theDistricthasanobligationofduecareinselectingthethird‐partyadministrator.In

theopinion

oftheDistrict'slegalcounsel,theDistricthasactedinaprudentmannerandisnotliableforlossesthatmayarisefromthe

administrationoftheplan.



Asaresultoflegislativechanges,allamountsofcompensationdeferredundertheplans,allpropertyandrightspurchased

with

thoseamounts,and all incomeattributableto theseamounts, property,or rights areheldintrustfortheexclusive

benefitsofparticipantsandtheirbeneficiariesandarenotincludedinthefinancialstatementsoftheDistrict.

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 61 LewisvilleISD2021ACFR

Note9‐Long‐TermDebt



Long‐termdebtincludesparbondsandcapitalappreciation(deepdiscount)serialbonds.Bondpremiumsanddiscountsare

amortizedusingtheeffectiveinterestmethod.



TheDistricthas

enteredintoacontinuingdisclosureundertakingtoprovideAnnualReportsandMaterialEventNoticesto

theStateInformationDepositoryofTexas(SID),whichistheMunicipalAdvisoryCouncil.Thisinformationisrequiredunder

SECRule15c2‐l2toenableinvestorstoanalyzethefinancialconditionandoperationsoftheDistrict.



The1996,2003,2014Band2015bondseriesincludedoutstandingcapitalappreciationbondsintheprincipal amountof

$10,326,037.Thebondsmaturevariouslythrough2022.InterestaccruesonthesebondseachFebruary15andAugust15,

eventhoughtheinterestisnotpaiduntilmaturity.



Debtservicerequirementstomaturity

aresummarizedasfollows:



YearEnded

August31: Principal Interest* Requirements

2022 73,107,363$ 81,700,381$ 154,807,744$

2023 103,820,000 51,024,888 154,844,888

2024 108,660,000 46,181,688 154,841,688

2025 113,825,000 41,019,602 154,844,602

2026 148,935,000 35,593,999 184,528,999

2027‐2031 453,035,000 102,672,868 555,707,868

2032‐2037 194,400,000 42,343,565 236,743,565

2037‐2041 119,605,000 7,478,975 127,083,975

1,315,387,363$ 408,015,966$ 1,723,403,329$



*InterestonBuildAmericaBonds(BABs)amountsareincluded.



LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 62 LewisvilleISD2021ACFR

Note9‐Long‐TermDebt(continued)



CurrentrequirementsforprincipalandinterestexpendituresareaccountedforintheDebtServiceFund.Thereareanumber

oflimitationsandrestrictionscontainedinthevarious

generalobligationbondsindentures.TheDistrictisincompliancewith

allsignificantlimitationsandrestrictionsatAugust31,2021.



ThefollowingisasummaryofthechangesintheDistrict'soutstandingdebtasofAugust31,2021:



Interest Amounts Issued Amounts Due

Issued Rate Outstanding Current Interest Retired/ Outstanding Within

Description Amount Payable 9/1/2020 Year Accretion Refunded 8/31/2021 OneYear

1996RefundingBond 49,353,358$ 4.40‐6.38% 1,615,233$ ‐$ ‐$ 1,615,233$ ‐$ ‐$

2003UnlimitedTax/Refunding 758,544 2.50‐5.00% 351,626 ‐ ‐ ‐ 351,626 351,626

2010QualifiedSchConstBonds 29,900,000 6.88% 29,900,000 ‐ ‐ ‐ 29,900,000 ‐

2010BBuildAmericaBonds 25,055,000 5.974‐6.024% 25,055,000 ‐ ‐ ‐ 25,055,000 ‐

2011RefundingBond 27,770,000 2.50‐2.00% 3,380,000 ‐ ‐ 1,695,000 1,685,000 1,685,000

2012CUnlimitedTaxBonds 33,715,000 2.00‐4.00% 25,570,000 ‐ ‐ 1,315,000 24,255,000 1,355,000

2013AUnlimitedTaxRefunding 39,635,000 3.00‐5.00% 11,005,000 ‐ ‐ 8,400,000 2,605,000 1,280,000

2013BUnlimitedTaxRefunding 22,865,000 4.00‐5.00% 15,780,000 ‐ ‐ 15,780,000 ‐ ‐

2013CUnlimitedTaxRefunding 5,560,000 .34‐2.57% 2,250,000 ‐ ‐ 575,000 1,675,000 910,000

2013DUnlimitedTax 78,560,000 2.00‐4.00% 48,830,000 ‐ ‐ 4,275,000 44,555,000 4,155,000

2013EUnlimitedTax 67,435,000

 3.00‐5.00% 41,855,000 ‐ ‐ 40,645,000 1,210,000 1,210,000

2014AUnlimitedTaxBonds 96,330,000 2.00‐4.00% 75,480,000 ‐ ‐ 3,925,000 71,555,000 6,435,000

2014BUnlimitedTaxRefunding 54,338,570 5.00% 54,338,570 ‐ ‐ ‐ 54,338,570 4,043,570

2015UnlimitedTaxRefunding 64,232,167 2.00‐5.00% 62,747,167 ‐ ‐ 340,000 62,407,167 2,587,167

2016AUnlimitedTaxRefunding 250,350,000 1.00‐5.00% 167,320,000 ‐ ‐ 28,395,000 138,925,000 10,925,000

2016BUnlimitedTaxRefunding 84,215,000 2.00‐5.00% 77,765,000

 ‐ ‐ 2,410,000 75,355,000 3,995,000

2017UnlimitedTaxRefunding 68,850,000 2.00‐5.00% 52,910,000 ‐ ‐ 6,645,000 46,265,000 2,210,000

2017UnlimitedTax 193,950,000 2.00‐5.00% 167,285,000 ‐ ‐ 9,490,000 157,795,000 9,965,000

2017AUnlimitedTaxRefunding 61,165,000 2.00‐5.00% 58,890,000 ‐ ‐ 3,955,000 54,935,000 6,415,000

2018UnlimitedTaxRefunding 8,905,000 5.00% 6,190,000 ‐ ‐ ‐ 6,190,000 ‐

2018UnlimitedTax 117,210,000 3.00‐5.00% 107,510,000 ‐ ‐ 5,295,000 102,215,000 5,555,000

2019UnlimitedTax 109,765,000 3.00‐5.00% 106,485,000 ‐ ‐ 3,635,000 102,850,000 3,815,000

2020UnlimitedBuilding/Refunding 262,515,000 2.125‐5.0% 262,515,000 ‐ ‐ 2,885,000 259,630,000 6,215,000

2020AUnlimitedRefunding 39,270,000 0.265‐3.0% 39,270,000 420,000 38,850,000 ‐

2020BUnlimitedRefunding 12,785,000 1.261‐5.0% 12,785,000 ‐ 12,785,000 ‐

BondedIndebtedness 1,405,027,596 52,055,000 ‐ 141,695,233 1,315,387,363 73,107,363

AccretedInterestandCABpremium 32,018,060 ‐ 1,498,732 7,304,767 26,212,025 26,212,025

BondPremium 133,987,138

5,672,637 21,085,375 118,574,400 ‐

AccruedCompensatedAbsences 3,135,613 740,178 ‐ 363,650 3,512,141 466,854

TotalObligations 1,574,168,407$ 58,467,815$ 1,498,732$ 170,449,025$ 1,463,685,929$ 99,786,242$



During fiscal year 2021, the District issued Unlimited Tax Refunding Bonds, Series 2020A and 2020B in the amounts of

$39,270,000and$12,785,000,respectively.Thebondswereissuedatapremiumandhaveinterestratesasshownonthe

tableabove.TherefundingbondsrefundedtheDistrict’s2013BUnlimitedTaxRefunding

Bondsand2013EUnlimitedTax

Bonds.Thedifferencebetweencarryingvalueoftherefundeddebtandamountplacedinescrowresultedinadeferredloss

of$3.4million.Thepresentvaluesavingsofthebondswere$6,929,033.



TheDistrictin2010issuedbondsthatareconsideredBuildAmericaBonds(BABS),

whichprovideforadirectreimbursement

ofupto35percentoftheinterestpaidonthebonds.TheDistrictreceived$496,121insubsidypaymentsfromthefederal

governmentduringthefiscalyearendedAugust31,2021,fortheBABS.





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)

63 LewisvilleISD2021ACFR

Note9‐Long‐TermDebt(continued)

QualifiedSchoolConstructionBonds

Qualified School Construction Bonds ("QSCB's") are tax‐credit bonds authorized through the American Recovery and

ReinvestmentAct.TheQSCBprogramprovidesschool

districtstheopportunitytoissueinterestfreeorverylowinterest

bondstofinancetheconstruction,rehabilitation,orrepairofapublicschoolfacilityorfortheacquisitionoflandonwhich

such a facility is to be constructed. Purchasers of QSCB's issued in 2009 receive a federal tax credit instead

 of interest

payments.PurchasersofQSCB'sissuedin2010receiveinterestpaymentsfromtheissuer,andtheissuercanelecttoreceive

subsidypaymentsfromthefederalgovernmentequaltothelesserof(i)theamountofinterestpayableundersuchbondon

suchdate,or(ii)theamountof

interestwhichwouldhavebeenpayableundersuchbondonsuchdateifsuchinterestwere

determinedattheapplicablecreditratedeterminedunderSection54A(b)(3)oftheInternalRevenueCodewithrespectto

suchbonds.

TheDistrictisscheduledtomakeannualdepositsintotrustaccountsfortheQualified

SchoolConstructionBonds(QSCBs),

Series2010.Theseannualdepositsplustheinterestearnedonthetrustaccountswillbeusedtopayoffthedebtupon

maturityJune2026.TheDistrictaccountsforthesetrustaccountsasRestrictedCashandInvestmentsonboththeStatement

of Net Position (Exhibit A‐1) and in the Debt Service fund on the Governmental Funds Balance Sheet (Exhibit C‐1). The

investmentsarerecordedatfairvalue.

Note10‐DebtIssuancesandDefeasedDebt

Inprioryearsandinthecurrentyear,theDistrictissuedrefundingbondsforthepurposeofsavingcostsand

decreasingthe

totaldebtservicepayments.Placingtheproceedsoftherefundingbondsinanirrevocabletrusthasprovidedforallfuture

debtservicepaymentsontheori ginalbonds.Accordingly,theescrowaccountstoprovideforallfuturedebtservicepayments

arenotincludedintheDistrict’sfinancialstatements.As

ofAugust31,2021,theoutstandingbalanceofdefeasedbondsis

$68,095,000.

Note11‐InterfundTransactions

Receivablesandpayables:

InterfundbalancesatAugust31,2021,consistedofthefollowingindividualfundreceivablesandpayablesasfollows:

Fund Receivable Pa yable

GeneralFund 18,119,410$ 277,983$

CapitalPr oj ec tsFund ‐ 1,566,542

Fed eralFunds 16,547,351

SpecialRevenueFunds:

Nonmaj orFederalFunds ‐ 5,517

Internal ServiceFund 277,983 ‐

Tota l 18,397,393$ 18,397,393$

Theoutst

andingbalancesbetweenfundsresultmainlyfromthetimelagbetweenthedatesexpendituresoccurandreceipt

ofcashthatoriginatesintheordinarycourseofoperations.Thecashtransfersbetweenfundstoeliminatedeficitcashhave

beeneliminatedonthegovernment‐widestatementofnetposition.

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 64 LewisvilleISD2021ACFR

Note11‐InterfundTransactions(continued)



Interfundtransfersaredefinedas“flowofassetswithoutequivalentflowsofassetsinreturnandwithoutarequirementof

repayment.”InterfundtransfersduringtheyearendedAugust

31,2021,wereasfollows:



FoodServiceFund

TransferOut

GeneralFund 2,325$

2,325$

TransferIn



GeneralFundtransferredfundstotheChildNutritionFundtocovertheoperations.



Note12‐LitigationandContingencies



TheDistrictisapartytovariouslegalactions,noneofwhicharebelievedbyadministrationtohaveamaterialeffectonth e

financialconditionoftheDistrict.Accordingly,noprovision

forlosseshasbeenrecordedintheaccompanyingbasicfinancial

statementsforsuchcontingencies.



TheDistrictparticipatesinnumerousStateandFederalgrantprogramsthataregovernedbyvariousrulesandregulationsof

thegrantoragencies.Costschargedtotherespectivegrantprogramsaresubjecttoauditandadjustmentbythe

grantor

agencies;therefore,totheextentthattheDistricthasnotcompliedwiththerulesandregulationsgoverningthegrants,if

any,refundsofanymoneyreceivedmayberequiredandthecollectabilityofanyrelatedreceivableatAugust31,2021,may

beimpaired.IntheopinionoftheDistrict,

therearenosignificantcontingentliabilitiesrelatingtocompliancewiththerules

andregulationsgoverningtherespectivegrants;therefore,noprovisionhasbeenrecordedintheaccompanyingfinancial

statementsforsuchcontingencies.



TheTaxReformActof1986imposedregulationsontax‐exemptbondissues.GovernmentalbondsissuedafterAugust

31,

1986,aresubjecttotherebateprovisionsof theTaxReformActof1986.Therebateappliestoearningsfrombondissue

proceedsinvestments thatexceedbondissuestated interestrates.Thereis acomplicatedformulabasedona five‐year

history; therefore, the exact amount of liability, if any,

 is not known until five years from the bond issuance date.This

calculationyieldednoknownmaterialrebateliabilityatAugust31,2021.



Note13‐RevenuesfromLocalSources



Duringthecurrentyear,revenuesfromlocalandintermediatesourcesconsistedofthefollowing:



General Debt Capital Federal Special

Fund ServiceFund ProjectsFundsFundsRevenueFunds

Proper tytaxes 423,725,744$ 166,999,494$ ‐$ ‐$

Foodsales ‐ ‐ ‐ 1,941,294

Investmenti ncome 416,743 103,520 202,664 ‐

Penalties,interestandother

taxrel atedi ncome 1,820,344 522,814 ‐ ‐

Co‐curri cul arstudentactiviti es 510,214 ‐ ‐ 3,080,938

Tuitionandfees 3,979,882 ‐ ‐ 158,454

Rentali ncome 1,162,251 ‐ ‐ ‐

E‐Ra te 400,909 ‐ ‐ ‐

Donations ‐ ‐ ‐ 751,064



Other 974,973 16,408 ‐ 66,878

Total 432,991,060$ 167,642,236$ 202,664$ ‐$ 5,998,628$



LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 65 LewisvilleISD2021ACFR

Note14‐UnearnedRevenues



UnearnedrevenuesatAugust31,2021,representfundsreceivedinadvancepriortorevenuerecognition.Asummaryof

unearnedrevenuesatthefundlevelconsistofthefollowing:



General Special

Fund RevenueFunds Total

Studentlunches ‐$ 739,088$ 739,088$

Other 804,654 ‐ 804,654

Total 804,654$ 739,088$ 1,543,742$



Note15‐ComponentUnitDisclosures



OrganizationandNatureofActivities



TheLewisvilleISDEducationFoundation,Inc.(Foundation)isaTexasnonprofitorganizationwiththepurposeofproviding

financial support to Lewisville Independent School District teachers and students. This purpose is accomplished by the

Foundationreceivingandmanagingcashdonationsfrom

individualsandorganizations,andawardingscholarshipsandgrants.



BasisofPresentation



Thefinancialstatementsarepreparedonanaccrualbasisofaccountinginaccordancewithaccountingprinciplesgenerally

accepted in the United States of America. Revenues and related assets are recognized when earned, and expenses are

recognizedwhenthe

obligationisincurred.TheyarepresentedinaccordancewiththeprovisionsofFinancialAccounting

StandardsBoard("FASB")ASUNo.2016‐14,"Not‐For‐ProfitEntities."



FASB ASU 2016‐14 establishes standards for general‐purpose external financial statements for nonprofit organizations,

includingastatementoffinancialposition,astatementofactivities,a

statementoffunctionalexpenseandastatementof

cashflows.FASBASU2016‐14requirestheclassificationofnetassetsanditsrevenues,expenses,gainsandlossesintothree

categories,ifapplicable,basedonexistenceorabsenceofdonor‐imposedrestrictions.Thecategoriesare"withoutdonor

restrictions"and"withdonor

restrictions."Accordingly,netassetsoftheFoundation'sandchangesthereinareclassifiedand

reportedasfollows:



Net assets without donor restrictions‐Net assets that are not subject to donor‐imposed stipulations. Included in this

classificationarenetassetsearmarkedbytheBoardforfuturepurposes,suchastheFoundation'sboard‐

designationfor

scholarshipsandgrants.



Netassetssubjecttopurposerestrictions‐Netassetssubjecttodonor‐imposedstipulationsthatspecifyausethatismore

specificthanbroadlimitsrelatingtopurposesunderwhichtheFoundationoperates.



Net assets not subject to appropriationor expenditure‐Netassetssubject todonor‐

imposed restrictionsthatmust be

maintainedpermanentlybytheFoundation.Generally,thedonorsoftheseassetspermittheFoundationtouseallorpart

oftheincomeearnedonanyrelatedinvestmentsforthespecificdonorpurpose.





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 66 LewisvilleISD2021ACFR

Note15‐ComponentUnitDisclosures(continued)



PublicSupportandRevenue



Intheabsenceofadonor'sexplicitstipulationorcircumstancessurroundingthereceiptofacontributionthatmakeclearthe

donor'simplicit

restrictiononuse,contributionsarereportedasrevenuesorgainswithoutdonorrestrictions,whichincrease

netassetswithoutdonorrestrictions.Alldonor‐restrictedcontributionsarereportedaseithernetassetssubjecttopurpose

restrictionsornetassetsnotsubjecttoappropriationorexpenditure,dependingonthenatureoftherestriction.When

a

restrictionexpires(thatis,whenastipulatedtimerestrictionendsorpurposerestrictionisaccomplished),suchrestrictednet

assets are reclassified to net assets without donor restrictions and reported in the statement of activities as net assets

releasedfromrestrictions.



Unconditionalpromisestogivearerecordedasreceived.Contributions

receivabledueinthenextyeararerecordedattheir

netrealizablevalue.Contributionsreceivabledueinsubsequentyearsarerecordedatthepresentvalueoftheirnetrealizable

value,usinginterestratesapplicabletotheyearsinwhichthepromisesarereceivedtodiscounttheamounts.Thecalculated

discount

topresentvaluewasnotmateriallydifferentfromthefacevalueofthecontributionsreceivableatDecember31,

2020.



Foundationmanagementevaluatesthecollectabilityofcontributionsonanongoingbasisandwritesoffanycontributions

receivableconsidereduncollectible.TherewasonecontributionasofDecember31,2020,thatwasconsidered

uncollectible

andwrittenoffbasedonmanagement'sreviewandisshownasabaddebtexpenseinthestatementofactivities.



Contributionsofdonatednoncashassetsarerecordedattheirfairmarketvaluesintheperiodreceived.Contributionsof

donatedservicesthat createorenhancenonfinancialassets orthatrequirespecialized

skills,areprovided by individuals

possessingthoseskills,andwouldtypicallyneedtobepurchasedifnotprovidedbydonation,arerecordedattheirfairmarket

values in the period received. Although individuals volunteer their time and perform a variety of tasks that assist the

Foundation,theseservicesdonot

meetthecriteriaforrecognitionasdonatedservices.



CashandCashEquivalents



The Foundation considers all highly liquid investments, primarily checking and money market accounts, to be cash

equivalents.AtDecember31,2020,thecarryingamountofcashwas$625,382.



Investments



Investments arepresentedinthe financial statementsat

 fairmarketvalue.Realized and unrealized gains and losses on

investmentsarereflectedinthestatementofactivities.Purchasesandsalesofinvestmentsarerecordedonthetradedate.

Investmentincomeisrecordedintheperiodwhenearned.



InvestmentsasofDecember31,2020arecomposedofthefollowing:



Cost FairVal ue

Unreal izedGain

(Loss)

Certificatesofdeposit 111,269$ 111,269$ ‐$

Cor p o ratebonds 284,709 301,450 16,741

U.S.Governmentsecured

Obli ga tions 596,380 622,291 25,911

I ndividuals tocks 1,960,564 2,624,755 664,191

Mutualfunds 395,803 437,834 42,031

Fixedincomemutualfunds 405,641 420,239 14,598

3,754,366$ 4,517,838$ 763,472$



LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 67 LewisvilleISD2021ACFR

Note15‐ComponentUnitDisclosures(continued)



ThefollowingtablerepresentstheFoundation’sfairmarketvalue hierarchyforitsinvestmentsmeasuredatfairmarketvalue

asofDecember31,2020:



Level1 Level2 Level3Total

U.S.Governme ntandAgencySecuri ties 622,291$ ‐$ ‐$ 622,291$

Equitys ecuri ties 3,062,589 ‐ ‐ 3,062,589

Fixedincomesecurities ‐ 721,689 ‐ 721,689

CertificatesofDeposit ‐ 111,269 ‐ 111,269



Total 3,684,880$ 832,958$ ‐$ 4,517,838$



RestrictedNetPosition



Temporarilyrestrictednetpositionconsistsofcontributionsfromdonorswhohavespecifiedcertainprogramsorscholarships

withinLewisvilleISDforuseofthecontributions.ThefollowingisendowmentasofDecember31,2020:



Balance12/31/19 2,787,241$

Contributions 19 5 ,888

Investmentea rni ngs 350,382

Amountsappr opriatedforexpenditures (1,500)

Recl as si fi cati onfromtemporarilyres tri cted 27,758

Balance12/31/20 3,359,769$



Permanentlyrestrictednetpositionconsistsofcontributionsfromdonorswhohavespecifiedthatthefundsbeinvestedin

perpetuity,withearningsfromtheinvestmentsavailableforscholarshipsorgrants.



ContributionsandOtherReceivables



UnconditionalpromisestogiveasofDecember31,2020,areasfollows:



Receivableinlessthanoneyea r 2,372$

Receivableinonetofiveyea rs 12,720

NetUnc onditionalPromi ses toGi ve 15,092$



NetAssetsWithoutDonorRestrictions



NetassetswithoutdonorrestrictionatDecember31,2020,includesthefollowingamountsdesignatedbytheFoundation's

BoardofDirectorsforgrantendowment.



LISDEFOpera ti ona lFund 1,168,236$

AreaofGreate stNeed 23,806

EarlLuna MemorialGra nt 11,151

Pa tWattsHonoraryGra nt 11,262

Janet LuttrelHonoraryGra nt 11,151

1,225,606$





LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitF‐1

NOTESTOTHEBASICFINANCIALSTATEMENTS(continued)



 68 LewisvilleISD2021ACFR

Note15‐ComponentUnitDisclosures(continued)



IncomeTaxStatus



TheFoundationhasreceivedaletterofdeterminationfromtheInternalRevenueServiceadvisingthatitqualifiesasanon‐

profitcorporationunder

Section501(c)(3)oftheInternalRevenueCodeand,therefore,isnotsubjecttoincometax.The

FoundationisnotaprivatefoundationwithinthemeaningofSection509(a)oftheInternalRevenueCode.



Note16‐Arbitrage



InaccordancewiththeprovisionsofSection148(f)oftheInternalRevenueCodeof

1986,asamended,bondsmustsatisfy

certainarbitragerebaterequirements.Positivearbitrageistheexcessoftheamountearnedoninvestmentspurchasedwith

bondproceeds,overtheamountthatsuchinvestmentswouldhaveearnedhadsuchinvestmentsbeeninvestedatarate

equaltotheyieldonthebondissue.

Inordertocomplywiththearbitragerebaterequirements,positivearbitragemustbe

paidtotheU.S.Treasuryattheendofeachfive‐yearanniversarydateof thebondissue.TheDistricthasestimatedthatthere

isnoarbitrageliabilityasofAugust31,2021.



Note17‐SubsequentEven ts



TexasEducationAgency’s(TEA)DecisiononAverageDailyAttendance



AsofSeptember2,2021,theTexasEducationAgencyinformedlocaleducationagencies(LEAs)thatithasnoplanstoissue

missedschooldaywaiversduetoCOVID‐19duringthe2021‐2022schoolyearwhentheLEAoritscampuses

areclosed.Each

LEAwillneedtoplantomakeuptimeforschoolclosuresduringtheschoolyearandmayneedtoaddadditionalinstructional

daysand/orminutestotheircalendartomeetthe75,600operationalminuterequirement.



LEAshavereportedtoTEAthatattendanceratedeclinescontinueto

occurduetoCOVID‐19.Asaresult,TEAisexploring

optionstoensureschoolsystemswillnotexperiencesignificantfinancialdifficulties.Additionally,LEAshadvaryingdailyrates

ofattendanceduringthe2020‐2021schoolyearduetotheimpactofvirtuallearningoptions.OnceTEAreceivesthislocal

information

inaPEIMSuploadthisfall,itwillbeequippedtoanalyze,understand,anddeterminepotentialchangestothe

rulesaroundwaivers,particularlylowattendancewaivers.Asofthedateofthisreport,theDistricthasnotdeterminedthe

impact.



 69 LewisvilleISD2021ACFR

REQUIREDSUPPLEMENTARYINFORMATION



 70 LewisvilleISD2021ACFR



 71 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitG‐1

SCHEDULEOFTHEDISTRICT’SPROPORTIONATESHAREOF 

THENETPENSIONLIABILITY

TeacherRetirementSystemofTexas

FortheLastSevenMeasurementYearsEndedAugust

(1)



2020 2019 2018 2017

District'sproportionofthenetpensionliability 0.2242% 0.3068% 0.3124% 0.3113%

District'sproportionateshareofthenetpensionliability 120,078,526$ 159,467,259$ 171,946,208$ 99,530,342$

State'sproportionateshareofthenetpensionliability

associatedwiththeDistrict 275,852,016 237,598,734 263,375,895 159,361,843

Total

395,930,542$  397,065,993$ 435,322,103$ 258,892,185$

District'scoveredpayroll(forMeasurementYear) 347,681,776$ 343,385,560$ 339,675,536$

 333,301,189$

District'sproportionateshareofthenetpensionliability

asapercentageofitscoveredpayroll 34.54% 46.44% 50.62% 29.86%

Plan'sfiduciarynetpositionasapercentageofthe

totalpensionliability* 75.54% 75.24% 73.74% 82.17%

Plan'snetpensionliabilityasapercentageofcoveredpayroll* 110.36% 114.93% 126.11% 75.93%

2016 2015 2014

District'sproportionofthenetpensionliability 0.3098% 0.3204% 0.2073%

District'sproportionateshareofthenet

pensionliability 117,068,286$ 113,259,645$ 55,392,223$

State'sproportionateshareofthenetpensionliability

associatedwiththeDistrict 191,175,104 180,104,882 159,733,876

Total

308,243,390$  293,364,527$ 215,126,099$

District'scoveredpayroll(forMeasurementYear) 322,795,629$ 308,689,540$ 297,452,635$

District'sproportionateshareofthenetpensionliability

asapercentageofitscoveredpayroll 36.27% 36.69% 18.62%

Plan'sfiduciary

netpositionasapercentageofthe

totalpensionliability* 78.00% 78.43% 83.25%

Plan'snetpensionliabilityasapercentageofcoveredpayroll* 92.75% 91.94% 72.89%

TheamountspresentedforeachPlanyearwhichendstheprecedingAugust31oftheDistrict'sfiscalyear.

Netpensionliabilityiscalculatedusinganewmethodologyandwillbepresentedprospectively

inaccordancewithGASB68.

*PerTeacherRetirementSystemofTexas'ComprehensiveAnnualFinancialReport.

(1)Tenyearsofdatashouldbepresentedinthisschedule,butdatawasunavailablepriorto2014.

Netpensionliabilityandrelatedratioswillbepresentedasdatabecomesavailable.



 72 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitG‐2

SCHEDULEOFTHEDISTRICT’SPENSIONCONTRIBUTIONS

TeacherRetirementSystemofTexas

FortheLastEightFiscalYears



2021 2020 2019 2018

Contractuallyrequiredcontributions 11,716,404$ 9,266,662$ 10,667,951$ 10,618,509$

Contributionsinrelationtothecontractual

requiredcontributions 11,716,404 9,266,662 10,667,951 10,618,509

Contributiondeficiency(excess)

‐$ ‐$ ‐$ ‐$

District'scoveredpayroll 360,571,263$ 347,681,776$ 343,385,560$ 339,675,536$

Contributionsasapercentageofcoveredpayroll 3.25% 2.67% 3.11% 3.13%

2017 2016 2015 2014

Contractuallyrequiredcontributions 10,201,918$ 9,843,086$ 8,805,304$ 5,257,484$

Contributions

inrelationtothecontractual

requiredcontributions 10,201,918 9,843,086 8,805,304 5,257,484

Contributiondeficiency(excess)

District'scoveredpayroll 333,301,189$ 322,795,629$ 308,689,540$ 297,452,635$

Contributionsasapercentageofcoveredpayroll 3.06% 3.05% 2.85% 1.77%

Note:TheDistrictbegantoreportinformationwhenitimplementedGASBStatement68in2015.





73 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitG‐3

SCHEDULEOFTHEDISTRICT’SPROPORTIONATESHAREOF

THENETOPEBLIABILITY

TeacherRetirementSystemofTexas

FortheLastFourMeasurementYearsEndedAugust

(1)

2020 2019 2018 2017

District'sproportionofthenetOPEBliability 0.3671% 0.3886% 0.3958% 0.3789%

139,565,467$ 183,776,611$ 197,630,380$ 164,770,037$

187,542,533 244,198,009 295,335,221 266,112,828

327,108,000$ 427,974,620$ 492,965,601$ 430,882,865$

347,681,776$ 343,385,560$ 339,675,536$ 333,301,189$

40.14% 53.52% 58.18% 49.44%

4.99% 2.66% 1.57% 0.91%

District'sproportion ateshareofthenetOPEBliability

State'sproportionateshareofthenetOPEBliability

associatedwiththeDistrict

Total

District'scoveredemployeepayroll(forMeasurementYear)

District'sproportionateshareofthenetOPEBliability

asapercentageofitscovered

employee payroll

Plan'sfiduciarynetpositionasapercentageof

thetotalOPEBliability*

Plan'snetOPEBliabilityasapercentageofcovered

employeepayroll* 101.46% 135.21% 146.64% 132.55%

TheamountspresentedforeachPlanyearwhichendstheprecedingAugust31of

theDistrict'sfiscalyear.

*PerTeacherRetirementSystemofTexas'comprehensiveannualfinancialreport.

(1)Tenyearsofdatashouldbepresentedinthisschedule,butdatawasunavailablepriorto2017.

NetOPEBliabilityandrelatedratioswillbepresentedasdatabecomesavailable.

74 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitG‐4

SCHEDULEOFTHEDISTRICT’SOPEBCONTRIBUTIONS

TeacherRetirementSystemofTexas

FortheLastEightFiscalYears

2021 2020 2019 2018

2,918,891$ 2,790,712$ 2,757,820$ 2,735,388$

2,918,891 2,790,712 2,757,820 2,735,388

‐$  ‐$  ‐$  ‐$ 

360,571,263$ 347,681,776$ 343,385,560$ 339,675,536$

0.81% 0.80% 0.80% 0.81%

2017 2016 2015 2014

1,969,913$ 1,914,169$ 1,817,611$ 1,659,888$

1,969,913 1,914,169 1,817,611 1,659,888

333,301,189$ 322,795,629$ 308,689,540$ 297,452,635$

Contractuallyrequiredcontributions

Contributionsinrelationtothecontractualrequired

contributions

Contributiondeficiency(excess)

District'scovered-employeepayroll

Contributionsasapercentageofcovered-employee

payroll

Contractuallyrequiredcontributions Contributions

inrelationtothecontractualrequired

contributions

Contributiondeficiency(excess)

District'scovered-employee payroll

Contributionsasapercentageofcoveredpayroll

0.59% 0.59% 0.59% 0.56%

(1) Tenyearsofdatashouldbepresentedinthisschedule,butdatawasunavailablepriorto2015.

Netpensionliabilityandrelatedratioswillbepresentedasdatabecomesavailable.



 75 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT

NOTESTOREQUIREDSUPPLEMENTARYINFORMATION‐PENSION



ChangesofAssumptions



 TherewasnochangeinthediscountratebetweenmeasurementyearendedAugust31,2019andAugust31,2020.

 ThesinglediscountrateasofAugust31,2018,wasablendedrateof6.907percentandthathas

changedtothelong‐

termrateofreturnof7.25percentasofAugust31,2019.

 WiththeenactmentofSB3bythe2019TexasLegislature,anassumptionhasbeenmadeabouthowthiswouldimpact

futuresalaries.Itisassumedthateligibleactivememberswilleachreceivea

$2,700increaseinfiscalyear2020.This

isinadditiontothesalaryincreaseexpectedbasedontheactuarialassumptions.



ChangesinBenefitTerms



Therewerenochangesofbenefittermsthataffectedmeasurementofthetotalpensionliabilityduringthemeasurement

period.



OtherInformation



EffectiveSeptember1,2014,

employerswhodid notcontributetoSocialSecurityforTRS‐eligibleemployeeswererequired

tocontributeanadditional1.5%ofTRS‐eligiblecompensationwhichnearlydoubledtheDistrict’scontributionsintothePlan.

BecausetheDistrict’sproportionalshareoftheplanisdeterminedbyitsproportionalshareofcontributions,theDistrict

recognizedacorrespondingincreaseinitsshareofnetpensionliability.



 76 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT

NOTESTOREQUIREDSUPPLEMENTARYINFORMATION‐OPEB



ChangesofAssumptions



ThefollowingwerechangestotheactuarialassumptionsorotherinputsthataffectedmeasurementoftheTotalOPEBliability

(TOL)sincethepriormeasurementperiod:



 Thediscountratechangedfrom3.69percentasofAugust31,2018,to2.63

percentasofAugust31,2019.Thischange

increasedtheTOL.

 Thehealthcaretrendrateswereresettobetterreflecttheplan’santicipatedexperience.Thischangeincreasedthe

TOL.

 Theparticipationrateforpre‐65retireeswasloweredfrom70percentto65percent.Theparticipationrate

forpost‐

65 retirees was lowered from 75 percent to 50 percent. Twenty‐five percent of pre‐65 retirees are assumed to

discontinuetheircoverageatage65.Therewasnolapseassumptioninthepriorvaluation.Thesechangesdecreased

theTOL.

 Thepercentageofretireeswhoareassumedto

havetwo‐personcoveragewasloweredfrom20percentto15percent.

Inaddition,theparticipationassumptionforthesurvivingspousesofemployeesthatdiewhileactivelyemployedwas

loweredfrom20percentto10percent.ThesechangesdecreasedtheTOL.

 ChangeofBenefitTermsSincethePriorMeasurement

Date–Therewerenochangesinbenefittermssincetheprior

measurementdate.



ChangesofBenefitTerms



The85thLegislature,RegularSession,passedthefollowingstatutorychangesinHouseBill3976whichbecameeffectiveon

September1,2017:



 Createdahigh‐deductiblehealthplanthatprovidesazero

costforgenericprescriptionsforcertainpreventivedrugs

andprovidesazeropremiumfordisabilityretireeswhoretiredasadisabilityretireeonorbeforeJanuary1,2017,

andarenoteligibletoenrollinMedicare

 CreatedasingleMedicareAdvantageplanandMedicareprescriptiondrugplanforall

Medicare‐eligibleparticipants

 AllowedtheSystemtoprovideother,appropriatehealthbenefitplanstoaddresstheneedsofenrolleeseligiblefor

Medicare

 AllowedeligibleretireesandtheireligibledependentstoenrollinTRS‐Carewhentheretireereaches65yearsof

age,ratherthanwaitingforthenextenrollment

period

 Eliminated free coverage under TRS‐Care, except for certain disability retirees enrolled during Plan Years 2018

through2021,requiringmemberstocontribute$200permonthtowardtheirhealthinsurancepremiums



 77 LewisvilleISD2021ACFR

OTHERSUPPLEMENTARYINFORMATION



COMBININGSTATEMENTSANDOTHERSCHEDULES



 78 LewisvilleISD2021ACFR



 79 LewisvilleISD2021ACFR



NONMAJORGOVERNMENTALFUNDS



TheNonmajorgovernmentalfunds,which aremadeupofSpecial RevenueFunds,are

used to account for funds that are legally restricted for specified purposes excluding

capitalprojects.



StateFundsareusedtoaccountforstatefundedgrants

andprograms.



Local Funds are used to account for local grants, programs and donations from

corporations,foundationsandotherlocalsources.



FoodServiceFundisusedtoaccountforallowableexpenditures,asdeterminedunder

the National School Lunch Program, for the operation and improvement of the Child

NutritionPrograms.



 80 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitH‐1

COMBININGBALANCESHEET Page1of2

ALLNONMAJORGOVERNMENTALFUNDS

August31,2021



Data

Control

Codes StateFunds LocalFunds

Assets

1110 Cashandtemporaryinvestments 419,672$ 7,748,784$

Receivables:

1240 Receivablesfromothergovernments ‐ ‐

1290 Otherreceivables ‐ ‐

1310 Inventories,atcost ‐ ‐

1000 TotalAssets 419,672$ 7,748,784$

LiabilitiesandFundBalance

Liabilities:

CurrentLiabilities:

2110 Accountspayable 365,485$ 67,629$

2160 Accruedwagespayable ‐ ‐

2170 Duetootherfunds ‐ 5,517

2180 Duetoothergovernments

‐ 2,673

2300 Unearnedrevenues ‐ ‐

2000 TotalLiabilities 365,485 75,819

FundBalances:

Nonspendable

3410 Inventories ‐ ‐

3450 Restricted 54,187 1,718,285

3545 Committed ‐ 5,954,680

3610 Unassigned ‐

3000 TotalFund Balances 54,187 7,672,965

4000

TotalLiabilitiesandFundBalance

419,672$ 7,748,784$

SpecialRevenueFunds

300‐499



 81 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitH‐1

COMBININGBALANCESHEET Page2of2

ALLNONMAJORGOVERNMENTALFUNDS

August31,2021



240

Data

Control

Codes FoodServiceFund

TotalNonMajor

Governmental

Funds

Assets

1110 Cashandtemporaryinvestments 6,535,354$ 14,703,810$

Receivables:

1240 Receivablesfromothergovernments 2,083,313 2,083,313

1290 Otherreceivables ‐ ‐

1310 Inventories,atcost 529,456 529,456

1000 TotalAssets 9,148,123$ 17,316,579$

LiabilitiesandFundBalance

Liabilities:

CurrentLiabilities:

2110 Accountspayable 822,079$ 1,255,193$

2160 Accruedwagespayable 233,119 233,119

2170 Duetootherfunds ‐ 5,517



2180 Duetoothergovernments ‐ 2,673

2300 Unearnedrevenues 739,088 739,088

2000 TotalLiabilities 1,794,286 2,235,590

FundBalances:

Nonspendable

3410 Inventories 529,456 529,456

3450 Restricted 6,824 ,381 8,596,853

3545 Committed ‐ 5,954,680

3610 Unassigned ‐ ‐

3000 TotalFundBalances 7,353,837 15,080,989

4000

TotalLiabilitiesandFundBalance

9,148,123$ 17,316,579$







 82 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitH‐2

COMBININGSTATEMENTOFREVENUES,EXPENDITURES,ANDCHANGES Page1of2

INFUNDBALANCE‐ALLNONMAJORGOVERNMENTALFUNDS

FortheYearEndedAugust31,2021



Data

Control

Codes StateFunds LocalFunds

Revenues

5700 Local,intermediate,andout‐of‐state ‐$ 4,044,770$

5800 S tateprogramrevenues 2,896,786 ‐

5900 F ederalprogramrevenues ‐ ‐

5020 TotalRevenues 2,896,786 4,044,770

Expenditures

Current:

0011 Instruction 2,183,477 2,062,041

0012 Instructionresourcesandmediaservices ‐ 56,186

0013

urr

uman



nstruct

ona

staffdevelopment 2,072 37,226

0021 Instructionalleadership ‐ 1,902

0023 Schoolleadership ‐ 541,785

0031 Guidance,counselingandevaluationservices ‐ 511,960

0032 SocialWorkServices ‐ ‐

0033 Healthservices ‐ 1,630

0034 Studenttransportation ‐ ‐

0035 Foodservices ‐ ‐

0036 Extracurricularactivities ‐ 705,379

0041 Generaladministration ‐ 19,139

0051 Facilitiesmaintenanceandoperations ‐ 24,722

0052 Securityandmonitoringservices 619,938 ‐

0053 Dataprocessing ‐ ‐

0061 Communityservices ‐ 3,995

0081 Facilitiesacquisitionandconstruction ‐ ‐

6030 TotalExpenditures 2,805,487 3,965,965

1100 Excess(deficiency)ofrevenuesoverexpenditures 91,299 78,805

OtherFinancingSources(Uses)

7915 Transfersin ‐ ‐

7912 S aleofrealorpersonalproperty ‐ ‐

7080 TotalOtherFinancingSourcesandUses ‐ ‐

1200 Netchangeinfundbalances 91,299 78,805

0100 FundBalance‐Beginning (37,112) 7,594,160

3000

FundBalance‐Ending

54,187$ 7,672,965$

300‐499

SpecialRevenueFunds







 83 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitH‐2

COMBININGSTATEMENTOFREVENUES,EXPENDITURES,ANDCHANGES Page2of2

INFUNDBALANCE‐ALLNONMAJORGOVERNMENTALFUNDS

FortheYearEndedAugust31,2021



240

Data

Control

Codes

FoodService

Fund

TotalNonmajor

GovernmentalFunds

Revenues

5700 Local,intermediate,andout‐of‐state 1,953,858$ 5,998,628$

5800 Stateprogramrevenues 107,345 3,004,131

5900 Federalprogramrevenues 19,020,629 19,020,629

5020 TotalRevenues 21,081,832 28,023,388

Expenditures

Current:

0011 Instruction ‐ 4,245,518

0012 Instructionresourcesandmediaservices ‐ 56,186

0013

urr

uman



nstruct

ona

staffdevelopment ‐ 39,298

0021 Instructionalleadership ‐ 1,902

0023 Schoolleadership ‐ 541,785

0031 Guidance,counselingandevaluationservices ‐ 511,960

0032 SocialWorkServices ‐ ‐

0033 Healthservices ‐ 1,630

0034 Studenttransportation ‐ ‐

0035 Foodservices 17,603,931 17,603,931

0036 Extracurricularactivities ‐ 705,379

0041 Generaladministration ‐ 19,139

0051 Facilitiesmaintenanceandoperations 1,663,147 1,687,869

0052 Securityandmonitoringservices ‐ 619,938

0053 Dataprocessing ‐

 ‐

0061 Communityservices ‐ 3,995

0081 Facilitiesacquisitionandconstruction ‐ ‐

6030 TotalExpenditures 19,267,078 26,038,530

1100 Excess(deficiency)ofrevenuesoverexpenditures 1,814,754 1,984,858

OtherFinancingSources(Uses)

7915 Transfersin 2,325 2,325

7912 Saleofrealorpersonalproperty ‐ ‐

7080 TotalOtherFinancingSourcesandUses 2,325 2,325

1200 Netchangeinfundbalances 1,817,079 1,987,183

0100 FundBalance‐Beginning 5,536,758

13,093,806

3000

FundBalance‐Ending

7,353,837$ 15,080,989$



 84 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitH‐3

COMBININGSTATEMENTOFFIDUCIARYNETPOSITION

FortheYearEndedAugust31,2021



Student

Activities

Communitiesin

SchoolsofNorth

Texas

TotalCustodial

Funds

Assets

Cashandcashequivalents 1,405,043$ 1,852,707$ 3,257,750$ 

Receivablefromoutsideentities ‐ 434,462 434,462

TotalAssets 1,405,043 2,287,169 3,692,212

Liabilities

Accountspayable 11,708 10,714 22,422

TotalLiabilities 11,708 10,714 22,422

NetPosition

Restrictedforstudentactivities 1,393,335 1,393,335

Restrictedforoutsideentities(CISNT)‐ 2,276,455

 2,276,455

TotalNetPosition 1,393,335$ 2,276,455$ 3,669,790$







 85 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitH‐4

COMBININGSTATEMENTOFCHANGESINFIDUCIARYNETPOSITION

FortheYearEndedAugust31,2021



StudentActivities

Communitiesin

SchoolsofNorth

Texas

TotalCustodial

Funds

Additions

Contributions 690,718$ 5,960,246$ 6,650,964$

TotalAdditions 690,718 5,960,246 6,650,964

Deductions

Studentactivities 804,012 804,012

CISNT 5,726,195 5,726,195

Totaldeductions 804,012 5,726,195 6,530,207

Changeinnetpostion (113,294) 234,051 120,757

Netpostion,beginningofyearasrestated 1,506,629 2,042,404 3,549,033

Netpostion,endofyear 1,393,335$ 2,276,455$ 3 ,669,790$







 86 LewisvilleISD2021ACFR





 87 LewisvilleISD2021ACFR

SUPPLEMENTALSCHEDULES



The schedules within this subsection are presented as supplementary information to

expanduponthedatapresentedintheothersubsectionsoftheFinancialSection.



 88 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitJ‐1

SCHEDULEOFDELINQUENTTAXESRECEIVABLE Page1of2

FortheYearEndedAugust31,2021



12 3 1020



NetAssessed/Appraised Beginning Current

LastTen TaxRates ValueForSchool Balance Year's

FiscalYears Maintenance DebtService TaxPurpos es 9/1/20 TotalLevy

2012andprior Various Various 23,095,990,992$ 800,407$ ‐$

2013 1.04000 0.41300 23,046,548,096 214,823 ‐

2014 1.04000 0.43700 24,430,987,196 227,105 ‐

2015 1.04000 0.43700 26,698,623,389 336,643 ‐

2016 1.04000 0.43673 29,093,582,239 393,721 ‐

2017 1.04000 0.36750 32,508,282,254 497,814 ‐

2018 1.04000 0.36750 35,772,334,352 723,627 ‐

2019 1.04000 0.36750 38,772,053,641 1,027,015 ‐

2020 0.97000 0.36750 42,117,267,514 2,588,046

2021 0.96640 0.38090 44,196,015,587 ‐ 595,452,918

1000Totals

6,809,201$ 595,452,918$







 89 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitJ‐1

SCHEDULEOFDELINQUENTTAXESRECEIVABLE Page2of2

FortheYearEndedAugust31,2021



31 32 32 40 50

Maintenance DebtService Entire Ending

LastTen Total Total Total Year's Balance

FiscalYears Collections Collections Collections Adjustmen ts 8/31/21

2012andprior 21,212$ 6,699$ 27,911$ (281,904)$ 490,592$

2013 4,111 1,632 5,743 ‐ 209,080

2014 3,901 1,639 5,540 221,565

2015 6,112 2,568 8,680 7,074 335,037

2016 8,001 3,360 11,361 9,295 391,655

2017 62,221 22,735 84,956 3,099 415,957

2018 139,697 49,364 189,061 38,783 573,349

2019 290,753 102,742 393,495 27,181 660,701

2020 396,623 150,267 546,890

 (954,186) 1,086,970

2021 424,466,719 167,300,676 591,767,395 3,685,523

1000Totals

425,399,350$ 167,641,682$ 593,041,032$ (1,150,658)$ 8,070,429$

TotaltaxesreceivableperGovernmentalFundBalanceSheet(C‐1) 8,070,429$







 90 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitJ‐2

SCHEDULEOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE

BUDGET(GAAPBASIS)ANDACTUAL‐FOODSERVICEFUND

FortheYearEndedAugust31,2021



BudgetedAm ounts 

Data

Contr ol

Codes  Original Final Actual

Variancewit h

FinalBudget

Revenues

5700 Local ,intermediate,andout‐of‐s ta te 10,892,206$ 10,892,206$ 1,953,858$ (8,938,348)$

5800 Sta tepr ogramrevenues 111,067 111,067 107,345 (3,722)

5900 Federa l programrevenues 14,133,979 14,133,979 19,020,629 4,886,650

5020 TotalRevenues 25,137,252 25,137,252 21,081,832 (4,055,420)

Expenditures

Current :

0035 Foodservi ces 24,075,801 23,504,428 17,603,931 5,900,497

0051 Pl a ntmai ntenanc eandopera tions 1,093,303 1,665,803 1,663,147

2,656

6030 TotalExpendit ures 25,169,104 25,170,231 19,267,078 5,903,153

1100 Exces s (deficiency)r evenues

over (under)expendi tures (31,852) (32,979) 1,814,754 1,847,733

OtherFinancingSources(Uses)

7915 Opera tingtrans fersin ‐ ‐ 2,325 2,325

7080 TotalOt herFinancingSources(Uses) ‐ ‐ 2,325 2,325

1200 Netchangeinfundbal a nces (31,852) (32,979) 1,817,079 1,850,058

0100 FundBalance‐Beginning 5,536,758 5,536,758 5,536,758 ‐

3000 FundBalance‐Ending 5,504,906

$ 5,503,779$ 7,353,837$ 1,850,058$

FoodServiceFund







 91 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitJ‐3

SCHEDULEOFREVENUES,EXPENDITURES,ANDCHANGESINFUNDBALANCE

BUDGET(GAAPBASIS)ANDACTUAL‐DEBTSERVICEFUND

FortheYearEndedAugust31,2021



BudgetedAmount s 

Data

Control

Codes  Original Final Actual

Variancewit h

FinalBudget

Revenues

5700 Loca l,intermediate,andout‐of‐s ta te 166,624,505$ 166,624,505$ 167,642,2 36$ 1,017,731$

5800 Sta tepr ogramrevenues ‐ ‐ 1,578,452 1,578,452

5900 Feder a l progr amrevenues ‐ ‐ ‐ ‐

5020 TotalRevenues 166,624,505 166,624,505 169,220,688 2,596,183

Expenditures

DebtService:

0071 Princi palonlong‐termdebt 100,355,234 100,190,669 89,000,233 11,190,436

0072 I nteres tandfiscal

char ges 66,269,271 66,433,836 66,283,947 149,889

6030 TotalExpenditures 166,624,505 166,624,50 5 155,284,180 11,3 40,325

1100 Exc es s (deficiency)revenues

over (under)expenditures ‐ ‐ 13,936 ,508 13,936,508

Other FinancingSources(Uses)

7901 Refundi ngbon dsissued ‐ ‐ 52,055 ,000 5 2,055,000

7916 Premiumordiscountonissuanceofbonds ‐ ‐ 5,672,637 5,672,637

8949 Other uses ‐ ‐ (57,147 ,718) (57,147,718)

TotalOther FinancingSources(Uses) ‐ ‐ 579,919 579,919



1200 Netchangeinfundbala nces ‐ ‐ 14,516,4 27 14,516,427

0100 FundBalance‐Beginning 47,860,122 47,860,122 47,860,1 22 ‐

3000 FundBalance‐Ending 47,860,122$ 47,860,12 2$ 62,376,549$ 14,516,427$

DebtServiceFund



 92 LewisvilleISD2021ACFR



 93 LewisvilleISD2021ACFR

STATISTICALSECTION



 94 LewisvilleISD2021ACFR



 95 LewisvilleISD2021ACFR

STATISTICALSECTION



Thispartoftheannualcomprehensivefinancialreportpresentsdetailedinformationasacontextforunderstandingwhatthe

informationinthefinancialstatements,notesdisclosures,andrequiredsupplementaryinformationsaysabouttheDistrict's

overallfinancialhealth.Thisinformationhasnotbeen

auditedbytheindependentauditor.



Contents

 Table#s

 

FinancialTrends1through4

Thesetablescontaintrendinformationtoassistthereaderinunderstandinghowthe

District'sfinancialpositionhaschangedovertime.



 

RevenueCapacity5through9

Thesetablescontaininformationtoassistthereaderinunderstandingandassessing

thefactorsaffectingtheDistrict'sability

togenerateitsown‐sourcerevenues.



 

DebtCapacity10through14

ThesetablescontaininformationtoassistthereaderinunderstandingtheDistrict's

debtburdenanditsabilitytoissueadditionaldebtinthefuture.



 

EconomicandDemographicInformation15through17

These tables contain information to assist

 the reader in understanding the

socioeconomicenvironmentinwhichtheDistrictoperatesandtoprovideinformation

that facilitates comparisons of financial statement information over time and  with

otherschooldistricts.



 

OperatingInformation18through21

Thesetablescontaininformationintendedtoprovidecontextualinformationabout

the District's operations and

 resources and to assist readers in using financial

statementinformationtounderstandandassesstheDistrict'seconomiccondition.



 



Source:Unlessotherwisenoted,theinformationinthesetablesisderivedfromtheannualcomprehensivefinancialreports

fortherelevantyear.



 96 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table1

CHANGESINNETPOSITION‐GOVERNMENT‐WIDE(Unaudited) Page1of2

LastTenFiscalYears



FiscalYearEndedAugust31: 2012 2013 2014 2015 2016

Expenses

Governmentalactivities:

Instruction 279,955,524$ 282,653,927$ 289,9 05,880$ 308,895,8 80$ 326,660,818$

Instructionresources&mediaservices 6,262,370 6,473,535 6,733,833 7,425,938 7,502,899

Curriculum&instructionalstaffdevelopment

6,057,340 4,426,798 4,461,763 4,590,463 4,874,827

Instructionalleadership

6,761,534 6,843,861 7,545,360 7,893,583 8,903,376

Schooladministration

24,953,147 26,467,904 27,421,044 29,789,384 31,716,245

Guidanceandcounseling

17,451,208 17,628,277 18,166,936

 19,667,318 21,097,288

Socialworkservices

98,150 100,963 98,600 88,792 185,475

Healthservices

4,481,729 4,842,853 4,934,261 5,191,779 5,534,811

Pupiltransportation

9,938,802 10,328,260 9,910,427 9,976,247 14,361,259

Foodservices

20,080,887 20,648,885 21,296,674 23,215,591 23,217,766

Co‐curricularactivities

14,682,758 16,434,607 16,615,878 16,581,023 17,321,622

Generaladministration

8,565,384 8,795,533 9,220,556 9,024,712 9,678,040

Plantmaintenanceandoperation 39,331,624 46,728,086 55,189,668 40,969,745

40,475,796

Securityandmonitoring

994,727 915,428 1,241,366 1,675,300 2,102,031

Dataprocessingservices

6,667,960 8,347,142 11,744,444 11,335,525 13,016,883

Communityservices

4,909,867 4,895,546 5,105,551 6,500,350 6,989,562

Interestandfiscalcharges

48,154,399 51,615,410 52,358,811 52,171,286 39,890,376

Otherfacilitycosts

9,356,373 30,358,431 12,360,716 22,960,441 8,699,867

PurchaseofWADA

‐ ‐ ‐ ‐ ‐

Fiscalagent/memberdistrict

ofsharedservice

arrangement

170,500 170,500 147,600 114,829 98,460

Alternativeeducationprogram

246,797 135,992 104,308 117,747 83,927

Otherintergovernmentalcharges

2,739,368 2,725,986 2,731,183 2,716,149 2,783,812

TotalGovernmentalExpenses

511,860,448$  551,537,924$ 557,294,859$ 580,902,082$ 585,195,140$

ProgramRevenues

GovernmentalActivities:

ChargesforService

Instruction&instructionalrelatedservices 3,858,200$ 2,992,009$ 4,089,769$ 4,963,2 17$ 1,515,434$

Foodservices

8,895,203 10,265,965

 9,098,179 8,428,000 10,840,286

Cocurricular/extracurricularactivities

1,581,926 1,849,881 2,094,253 1,872,246 5,116,801

Plantmaintenanceandoperations

1,998,227 1,310,949 5,029,422 2,758,807 1,692,172

Communityservices 4,447,814 4,595,832 4,799,786 5,472,426 5,748,121

Otheractivities

879,474 833,762 718,246 802,322 826,556

Operatinggrantsandcontributions

50,608,327 45,320,097 52,005,091 59,099,814 59,907,871

TotalPrimaryGovernmentProgramRevenues

72,269,171 67,168,495 77,834,746 83,396,832 85,647,241

Net(Expense)/Revenue

TotalPrimaryGovernmentNetExpense

(439,591,277)$ (484,369,429)$ (479,460,113)$ (497,505,250)$ (499,547,899)$

GeneralRevenues

Propertytaxes,leviedforgeneralpurposes

242,746,951$ 247,466,001$ 262,3 61,996$ 283,836,024$ 30 7,180,337$

Propertytaxes,leviedfordebtservice

89,872,719 98,391,651 109,933,968 119,023,7 97 128,713,200

Unrestrictedstateaidformulagrants

109,838,538 99,178,158 101,845,393 102,521,434 100,068,312

Medicaidreimbursement 6,811,600 2,293,021 785,020

2,255,156 2,608,736

Unrestrictedfederalaid

3,707,080 7,728,644 4,016,960 3,211,813 3,927,086

Investmentearnings

525,344 692,103 526,725 695,192 1,334,784

Miscellaneous

717,352 924,739 1,021,541 950,900 1,152,830

Extraordinaryandspecialitems ‐ ‐ ‐ ‐ ‐

TotalPrimaryGovernmentGeneralRevenues 454,219,584 456,674,317 480,491,603 512,494,316 544,985,285

TotalGovernmentalRevenues 526,488,755$ 523,842,812$ 558,326,349$ 595,891,148$ 630,632,526$

ChangeinNetPosition

14,628,307$ (27,695,112)$ 1,031,490$ 14,989,066$ 45,437,386$



SourceofInformation:TheStatementofActivities‐auditedfinancialreports.



 97 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table1

CHANGESINNETPOSITION‐GOVERNMENT‐WIDE(Unaudited) Page2of2

LastTenFiscalYears

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FiscalYearEndedAugust31: 2017 2018 2019 2020 2021

Expenses

Governmentalactivities:

Instruction 323,992,764$ 225,462,145$ 323,742,411$ 364,674,811$ 357,161,456$

Instructionresources&mediaservices

7,585,392 5,823,255 6,794,595 7,820,161 7,834,404

Curriculum&instructionalstaffdevelopment

4,102,425 3,013,833 4,462,560 4,657,514 4,616,849

Instructionalleadership

9,765,778 6,953,673 12,144,081 12,430,045 12,473,021

Schooladministration

32,419,874 22,667,635 33,916,942 37,403,647 35,272,031

Guidanceandcounseling

21,185,983 15,120,788

24,764,938 27,601,340 25,434,888

Socialworkservices

183,116 (1,132,246) 822,820 1,022,072 426,078

Healthservices

5,569,943 4,034,451 5,889,092 6,212,106 7,275,834

Pupiltransportation

13,907,795 15,741,491 15,266,960 13,117,370 16,040,794

Foodservices

22,907,650 22,100,123 22,365,713 22,582,670 20,248,533

Co‐curricularactivities 17,712,024 14,499,663 11,545,482 17,518,514 16,958,401

Generaladministration

10,177,321 7,691,141 10,427,183 11,525,327 11,709,998

Plantmaintenanceandoperation

40,490,105 38,809,077 41,102,255 44,644,320

 47,871,728

Securityandmonitoring 2,320,402 2,113,845 2,557,946 3,342,273 4,052,939

Dataprocessingservices

12,874,913 9,114,655 11,300,939 15,526,253 16,363,442

Communityservices

7,351,795 5,723,026 7,320,215 7,879,785 6,075,696

Interestandfiscalcharges 39,817,052 42,467,688 44,136,008 41,706,705 47,337,256

Otherfacilitycosts

3,171,803 29,245,473 79,980,806 18,059,205 16,377,376

PurchaseofWADA

‐ ‐ 29,971,536 14,612,076 50,745,313

Fiscalagent/memberdistrict

ofshared

servicearrangement

82,342 82,000 98,400 114,800 131,200

Alternativeeducationprogram

87,576 34,176 35,060 12,276 ‐

Otherintergovernmentalcharges

2,853,234 2,939,064 3,169,080 3,402,995 3,470,208

TotalGovernmentalExpenses

578,559,287$ 472,504,956$ 691,815,022$ 675,866,265$  707,877,445$

ProgramRevenues

GovernmentalActivities:

ChargesforService

Instruction&instructionalrelatedservices

1,576,433$ 1,610,622$ 1,454,833$ 1,374,369$ 1,558,889$

Foodservices

10,149,919

 11,335,747 10,956,662 7,390,633 1,953,858

Cocurricular/extracurricularactivities

5,038,341 5,398,161 5,277,936 4,045,627 2,759,958

Plantmaintenanceandoperations

1,922,401 1,771,287 2,042,744 1,747,774 1,662,503

Communityservices

5,826,826 6,280,879 6,726,981 6,322,886 3,786,717

Otheractivities 855,241 859,214 952,409 271,799 144,742

Operatinggrantsandcontributions

57,106,825 (45,220,947) 76,182,466 83,270,862 93,222,170

TotalPrimaryGovernmentProgramRevenues

82,475,986 (17,965,037) 103,594,031 104,423,950 105,088,837

Net

(Expense)/Revenue

TotalPrimaryGovernmentNetExpense

(496,083,301)$ (490,469,993)$ (572,272,234)$ (571,442,315)$ (602,788,608)$

GeneralRevenues

Propertytaxes,leviedforgeneralpurposes

342,084,310$ 373,822,932$ 404,466,006$ 411,294,389$ 428,000,897$

Propertytaxes,leviedfordebtservice

124,955,925 132,137,704 142,843,921 155,678,560 168,530,720

Unrestrictedstateaidformulagrants 71,851,910 42,143,916 47,295,918 40,648,141 43,800,094

Medicaidreimbursement

3,359,690 3,262,951

5,867,726 3,995,211 8,008,708

Unrestrictedfederalaid

3,339,065 3,494,633 3,806,879 4,006,149 5,920,338

Investmentearnings

2,702,075 8,771,027 15,902,767 7,072,349 727,385

Miscellaneous

3,066,330 1,174,359 6,253,151 6,330,253 2,233,651

Extraordinaryandspecialitems

‐ 11,398,763 ‐ 18,820,008 0

TotalPrimaryGovernmentGeneralRevenues 551,359,305 576,206,285 626,436,368 647,845,060 657,221,793

TotalGovernmentalRevenues 633,835,291$ 558,241,248$ 730,030,399$ 752,269,010$ 762,310,630$

Changein

NetPosition 55,276,004$ 85,736,292$ 38,215,377$ 76,402,745$ 54,433,185$





SourceofInformation:TheStatementofActivities‐auditedfinancialreports.



 98 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table2

CHANGESINNETPOSITIONBYCOMPONENT‐GOVERNMENT‐WIDE(Unaudited) Page1of2

LastTenFiscalYears



FiscalYearEndedAugust31: 2012 2013 2014 2015 2016

Governmentalactivities:

Netinvestmentincapitalassets 94,859,322$ 106,986,251$ 119,340,474$ 103,742,180$ 114,339,749$

Restricted:

Foodservice 3,706,224 3,712,705 2,824,580 1,162,731 2,495,643

Grants 299,146 451,522 1,515,798 523,477 75,215

Debtservice 22,069,672 14,676,604 6,205,159 5,109,954 28,876,110

Unrestricted (29,923,050) (69,152,829) (72,180,268) (100,603,154) (90,677,197)

TotalPrimaryGovernmentNetPosition 91,011,314$ 56,674,253$ 57,705,743$ 9,935,188$ 55,109,520

$



SourceofInformation:StatementofNetPosition‐auditedfinancialreports.



 99 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table2

CHANGESINNETPOSITIONBYCOMPONENT‐GOVERNMENT‐WIDE(Unaudited) Page2of2

LastTenFiscalYears



FiscalYearEndedAugust31: 2017 2018 2019 2020 2021

Governm entalactivities:

Netinvestmentincapitalassets 126,778,118$ 99,766,457$ 240,258,645$ 327,756,322$ 200,858,641$

Restricted:

Foodservice 4,414,285 5,679,198 7,479,469 5,536,758 7,353,837

Grants 75,215 217,249 1,756,477 129,382 1,772,472

Debtservice 42,980,807 39,917,275 45,151,937 46,557,030 62,373,838

Unrestricted (63,862,901) (238,381,629) (349,232,601) (358,162,820) (196,108,931)

TotalPrimaryGovernmentNetPosition 110,385,524$ (92,801,450)$ (54,586,073)$ 21,816,672$ 76,249,857

$



SourceofInformation:StatementofNetPosition‐auditedfinancialreports.



 100 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table3

CHANGESINFUNDBALANCES‐ALLGOVERNMENTALFUNDS(Unaudited) Page1of2

LastTenFiscalYears



FiscalYearEndedAugust31: 2012 2013 2014 2015 2016

Revenues

LocalSources:

Propertytaxes 333,666,938$ 345,080,200$ 372,025,114$ 403,777,757$ 434,278,996$

Interest 505,486 680,877 522,573 690,168 1,312,563

Other 24,730,619 23,657,390 27,987,700 27,270,605 26,734,700

Statesources 134,480,516 119,133,244 127,962,753 132,939,729 122,591,398

Federalsources 34,542,294 34,392,821 29,331,524 32,334,372 34,105,509

TotalRevenues 527,925,853 522,944,532 557,829,664 597,012,631 619,023,166

Expenditures

Instruction

260,663,523 263,224,433 270,076,377 289,020,123 290,892,613

Instructional

resources&mediaservices

5,494,896 5,696,271 5,927,045 6,229,867 6,409,791

Curriculumandinstructionalstaffdevelopment 6,024,558 4,393,504 4,425,938 4,491,952 4,743,697

Instructionalleadership

6,376,792 7,002,442 7,418,580 7,775,561 8,554,377

Schoolleadership

24,408,361 25,917,503 26,778,497 28,691,997 29,878,678

Guidanceandcounseling

17,220,848 17,393,047 17,916,846 19,426,585 20,244,236

Socialworkservices

97,869 100,690 98,206 94,511 103,140

Healthservices 4,390,500 4,750,918 4,834,968 5,113,997

 5,267,508

Pupiltransportation

9,804,239 10,193,698 9,775,804 9,851,826 14,241,939

Foodservices

18,585,539 19,387,635 19,831,230 21,359,940 21,032,612

Co‐curricularactivities 9,619,403 9,886,996 10,423,856 11,041,868 11,495,541

Generaladministration

8,346,364 8,539,387 8,535,860 8,787,789 9,285,325

Plantmaintenanceandoperations

38,499,516 46,339,019 54,542,532 39,945,841 39,474,336

Securityandmonitoring

996,357 901,930 1,227,343 1,589,036 1,943,947

Dataprocessingservices

6,264,730 7,778,867 8,217,909 8,335,665

9,912,375

Communityservices 4,509,308 4,495,334 4,664,475 5,671,914 6,000,955

Debtservice:

Principal

42,420,121 52,584,938 52,472,420 48,017,266 55,804,877

Interest

48,916,271 46,508,534 56,679,027 71,425,499 196,737,871

Otherfacilitycosts

45,731,829 128,529,634 109,475,852 63,241,501 25,232,212

Intergovernmentalcharges

3,156,665 3,032,478 2,983,091 2,948,725 2,966,199

TotalExpenditures

561,527,689 666,657,258 676,305,856 653,061,463 760,222,229

OtherFinancingSources(Uses)

Refundingbondsissued 62,686,456 68,060,000 ‐ 118,570,737 334,565,000

Issuance

ofdebt

88,503,544 112,275,000 67,435,000 96,330,000 ‐

Saleofreal&personalproperty

278,177 86,156 180,002 84,458 100,250

Proceedsfromcapitalleases

‐ ‐ ‐ 2,614,500 ‐

Transfersin

‐ ‐ ‐ ‐ ‐

Premiumonissuanceofbonds 20,522,790 15,273,545 3,167,402 36,131,863 59,917,550

Extraordinaryitems

Transfersout

Paymentstorefundedbond

escrowagent

(72,222,008) (79,716,841) ‐ (148,763,590) (270,714,408)

TotalOtherFinancingSources(Uses)

99,768,959 115,977,860 70,782,404 104,967,968 123,868,392

Netchangesinfundbalances

66,167,123$ (27,734,866)$ (47,693,788)$ 48,919,136$ (17,330,671)$

Debtserviceasapercentageof

noncapitalexpenditures(1) 17.43% 17.47% 18.80% 19.51% 33.99%

SourcesofInformation:StatementofRevenues,ExpendituresandChangesinFundBalance‐Auditedfinancialreports

(1)Incalculatingtheratiooftotaldebtserviceexpenditurestononcapitalexpenditures,governmentalfundexpendituresfor

thefacilitiesacquisitionandconstructionofassetsthatareclassifiedascapitalassetsforreportinginthegovernment‐wide

financialstatementsaresubtractedfromthetotalgovernmentalfundexpenditures(ExhibitC‐3).



 101 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table3

CHANGESINFUNDBALANCES‐ALLGOVERNMENTALFUNDS(Unaudited) Page2of2

LastTenFiscalYears



FiscalYearEndedAugust31: 2017 2018 2019 2020 2021

Revenues

LocalSources:

Propertytaxes 466,471,035$ 507,528,734$ 546,066,123$ 567,444,978$ 593,068,396$

Interest 2,658,144 8,700,838 15,806,952 7,023,808 722,927

Other 27,560,287 28,262,439 31,850,499 27,483,341 13,043,265

Statesources 97,575,055 65,613,324 76,059,153 75,480,983 74,189,142

Federalsources 34,264,196 36,157,007 40,959,703 39,092,632 70,844,783

TotalRevenues 628,528,717 646,262,342 710,742,430 716,525,742 751,868,513

Expenditures

Instruction

292,762,516 312,412,894 303,649,316 310,547,376 327,263,009

Instructional

resources&mediaservices

6,446,460 6,789,731 6,544,767 6,377,153 6,557,390

Curriculumandinstructionalstaffdevelopment 3,959,032 4,003,792 4,207,237 4,268,417 4,564,936

Instructionalleadership

9,365,241 10,205,040 11,241,986 10,917,577 12,094,653

Schoolleadership

30,421,022 32,961,571 31,611,043 32,683,567 33,892,015

Guidanceandcounseling

20,236,423 22,639,530 22,881,844 24,558,972 24,947,252

Socialworkservices

95,657 325,302 483,684 303,997 373,315

Healthservices 5,275,914 5,745,209 5,520,732 5,573,958

7,049,847

Pupiltransportation

13,788,546 15,622,299 15,282,564 40,648,828 13,587,775

Foodservices

20,804,655 22,614,186 21,980,594 19,864,060 17,647,253

Co‐curricularactivities 11,969,045 11,845,476 11,792,522 10,884,619 10,662,342

Generaladministration

9,699,544 9,851,174 9,798,559 10,492,209 11,437,294

Plantmaintenanceandoperations

39,615,343 40,998,369 40,800,460 40,690,809 43,273,366

Securityandmonitoring

2,148,795 2,128,030 2,547,394 3,355,547 3,865,455

Dataprocessingservices

9,700,756 11,022,216 11,364,512 11,741,904 13,132,193



Communityservices 6,337,872 6,678,475 7,053,470 6,546,883 5,232,305

Debtservice:

Principal

60,108,857 75,278,486 83,545,665 96,021,916 89,000,233

Interest

57,479,032 65,939,456 59,570,263 93,336,689 66,283,947

Otherfacilitycosts

11,615,220 59,669,880 163,334,230 227,756,702 170,170,528

Intergovernmentalcharges

3,023,152 3,055,240 33,274,076 18,142,147 54,346,721

TotalExpenditures

614,853,082 719,786,356 846,484,918 974,713,330 915,381,829

OtherFinancingSources(Uses)

Refundingbondsissued 68,850,000 70,070,000 ‐ 25,840,000 52,055,000

Issuance

ofdebt

193,950,000 117,210,000 109,765,000 236,675,000 ‐

Saleofreal&personalproperty

876,204 88,436 1,814,217 60,452 1,057,053

Proceedsfromcapitalleases

‐ ‐ ‐ ‐ ‐

Transfersin

‐ 46,574 11,122 22,468,596 2,325

Premiumonissuanceofbonds 21,629,806 19,306,432 16,106,114 54,925,800 5,672,637

Extraordinaryitems

‐ 11,398,763 ‐ 26,748,687 ‐

Transfersout

‐ (546,574) (11,122) (22,468,596) (2,325)

Paymentstorefundedbondescrowagent

(79,527,330) (80,032,053) ‐ ‐ (57,147,718)

TotalOtherFinancingSources(Uses)

205,778,680 137,541,578 127,685,331 344,249,939 1,636,972

Netchangesinfundbalances

219,454,315$ 64,017,564$  (8,057,157)$ 86,062,351$ (161,876,344)$

Debtserviceasapercentageof

noncapitalexpenditures(1) 19.42% 20.61% 17.63% 25.77% 20.44%

SourcesofInformation:StatementofRevenues,ExpendituresandChangesinFund

Balance‐Auditedfinancialreports

(1)Incalculatingtheratiooftotaldebtserviceexpenditurestononcapitalexpenditures,governmentalfundexpendituresfor

thefacilitiesacquisitionandconstructionofassetsthatareclassifiedascapitalassetsforreportinginthegovernment‐wide

financialstatementsaresubtractedfromthetotalgovernmentalfundexpenditures

(ExhibitC‐3).



 102 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table4

FUNDBALANCES‐ALLGOVERNMENTALFUNDS(Unaudited) Page1of2

LastTenFiscalYears



FiscalYearEndedAugust31: 2012 2013 2014 2015 2016

GeneralFund:

Nonspendable 435,003$ 211,097$ 173,544$ 193,789$ 534,034$

Restricted ‐ ‐ ‐ ‐ ‐

Committed 45,000,000 45,000,000 45,000,000 45,000,000 45,000,000

Assigned ‐ ‐ ‐ ‐ ‐

Unassigned 101,532,888 96,179,411 99,372,254 110,175,121 113,137,059

TotalGeneralFund 1 46,967,891$ 141,390,508$ 144,545,79 8$ 155,368,910$ 158,671,093$

AllOtherGovernmentalFunds:

Nonspendable 483,470$ 423,110$ 506,750$ 444,316$ 491,382$



Restricted 129,588,374 106,983,623 55,076,189 92,563,591 71,748,772

Committed 3,222,005 3,729,633 4,704,34 9 5,375,405 5,510,304

Unassigned ‐ ‐ ‐ ‐ ‐

TotalAllOtherGovernmentalFunds 133,293,849$ 111,136,366$ 60,287,288$ 98,383,312$ 77,750,458$

TotalGovernmentalFunds 280,261,740$  252,526,874$ 204,833,086$ 253,752,222$ 236,421,551$



SourcesofInformation:BalanceSheetGovernmentalFunds.



 103 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table4

FUNDBALANCES‐ALLGOVERNMENTALFUNDS(Unaudited) Page2of2

LastTenFiscalYears

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FiscalYearEndedAugust31: 2017 2018 2019 2020 2021

GeneralFund:

Nonspendable 2,021,399$ 3,417,864$  289,020$ 786 ,265$ 346,826$

Committed 107,997,995 118,368,241 ‐ ‐ ‐

Assigned ‐ ‐ 122,172,800 126,679,867 132,414,318

Unassigned 59,327,468 32,102,333 42,044,244 53,687,929 38,002,706

TotalGeneralFund 169,346,862$ 153,888,438$ 164,506,064$ 181,154,061$ 170,763,850$

AllOtherGovernmentalFunds:

Nonspendable 633,720$ ‐$ ‐$ 620,102$ 529,456$

Restricted 280,627,437

 360,614,441 341,375,529 410,206,893 258,774,294

Committed 5,267,847 5,290,551 5,954,680 5,954,680 5,954,680

Unassigned ‐ ‐ ‐ (37,112) ‐

TotalAllOtherGovernmentalFunds 286,529,004$ 365,904,992$ 347,330,209$ 416,744,563$ 265,258,430$

TotalGovernmentalFunds 455,87 5,866$ 519,793,430$ 511,836,273$ 597,898,624$ 436,022,280$

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 104 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table5

PROPERTYTAXLEVIESANDCOLLECTIONS(Unaudited)

LastTenFiscalYears

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Collections

inSubsequent

Tax TaxesLevied yearsand

Levy forthe Percentage cumulative Percentage

Year FiscalYear(1) Amount ofLevy adjustments(2) Amount ofLevy

2011 330,122,034$ 328,956,578$ 99.65% 856,715$ 329,813,293$ 99.91%

2012 342,977,539 341,587,684 99.59% 1,037,110 342,624,794 99.90%

2013 366,719,733 364,936,168 99.51% 1,309,846 366,246,014 99.87%

2014 399,044,450 397,463,331 99.60% 1,306,414 398,769,745 99.93%

2015 429,633,657 427,989,227 99.62% 1,046,216 429,035,443 99.86%

2016 461,617,608 459,698,348 99.58% 1,376,934 461,075,282 99.88%

2017 503,495,606 501,779,116 99.66% 1,143,143 502,922,258 99.89%

2018 545,083,280 542,605,064 99.55% 1,817,515 544,422,579 99.88%

2019 563,318,453

 560,730,40 7 99.54% 1,501,076 562,231,483 99.81%

2020 595,452,918 591,767,395 99.38% - 591,767,395 99.38%

(1)Currentyearoriginaltaxlevynetofsupplementsandadjustmentsincurrenttaxyear.

(2)Collectionsinsubsequentyearsarenetofsupplementsandadjustmentsinsubsequentyears.

FiscalYearoftheLevy TotalCollectionstoDate

Collectedwithinthe

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Source:DentonCountyTaxOffice

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 105 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table6

SCHEDULEOFTAXRATEDISTRIBUTIONPER$100VALUATION(Unaudited)

LastTenFiscalYears

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FiscalYearEnded

August31: Maintenance DebtService Total

2012 1.0400$ 0.3860$ 1.4260$

2013 1.0400 0.4130 1.4530

2014 1.0400 0.4370 1.4770

2015 1.0400 0.4370 1.4770

2016 1.0400 0.4367 1.4767

2017 1.0400 0.3800 1.4200

2018 1.0400 0.3675 1.4075

2019 1.0400 0.3675 1.4075

2020 0.9700 0.3675 1.3375

2021 0.9664 0.3809 1.3473

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SourcesofInformation:LewisvilleISDBudgetDepartment.

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 106 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table7

ASSESSEDANDACTUALVALUEOFTAXABLEPROPERTY(Unaudited) Page1of2

LastTenFiscalYears

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FiscalYearEnded Lots,Tracts& Commercialand

August31: Residential Acreage Industrial Utilities

2012 17,631,289,949$ 637,466,733$ 5,770,243,423$ 314,778,502$

2013 17,741,329,368 615,219,945 6,090,480,644 312,951,363

2014 18,548,727,555 742,518,427 6,590,626,517 329,230,943

2015 20,425,373,990 806,758,828 7,135,118,877 266,654,560

2016 22,384,150,211 905,141,332 8,019,884,896 352,939,887

2017 24,373,415,494 806,888,779 8,620,881,936 312,785,425

2018 26,618,788,863 855,310,957 9,644,070,536 405,248,000

2019 29,226,134,745 841,530,062 10,300,282,201 412,300,368

2020 31,710,433,257 795,941,134 11,969,748,804 457,965,124

2021 36,548,888,593 768,935,544 11,274,250,857 536,141,966



SourcesofInformation:DentonCentralAppraisalDistrict(DCAD),TarrantAppraisalDistrict(TAD),andDentonCountyTax

Office



Note:Propertyisassessedatmarketvalue.Propertiesareassessedeveryyear.Taxratesareper$100ofassessedvalue.



*IncludesgainsfromsupplementalcorrectionstoDCADcertifiedvalueswhichDCAD

couldnotidentifybycategory.



 107 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table7

ASSESSEDANDACTUALVALUEOFTAXABLEPROPERTY(Unaudited) Page2of2

LastTenFiscalYears



FiscalYearEnded Less: TotalTaxable TotalDirect

August31: Other Exemptions AssessedValue TaxRate

2012 1,058,795,450$ 2,316,583,065$ * 23,095,993,004$ 1.426$

2013 1,069,775,943 2,783,209,167 * 23,046,550,109 1.453

2014 1,162,690,402 2,942,806,648 24,430,989,210 1.477

2015 1,339,242,138 3,274,525,004 26,698,625,404 1.477

2016 1,462,776,051 4,031,310,138 29,093,584,255 1.477

2017 1,745,292,073 3,350,981,453 32,508,284,271 1.420

2018 1,736,472,590 3,487,556,594 35,772,336,370 1.408

2019 1,876,653,925 3,929,847,660 38,727,053,641 1.408

2020 2,072,499,817 5,644,835,740 41,361,752,396 1.338

2021 2,308,313,844 7,511,393,304 43,925,137,500 1.347



SourcesofInformation:DentonCentralAppraisalDistrict(DCAD),TarrantAppraisalDistrict(TAD),andDentonCountyTax

Office



Note:Propertyisassessedatmarketvalue.Propertiesareassessedeveryyear.Taxratesareper$100ofassessedvalue.



*IncludesgainsfromsupplementalcorrectionstoDCADcertifiedvalueswhichDCAD

couldnotidentifybycategory.



 108 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table8

PROPERTYTAXRATES‐DIRECTANDOVERLAPPINGGOVERNMENTS(Unaudited) Page1of2

LastTenFiscalYears



FiscalYearEndedAugust31: 2012 2013 2014 2015 2016

CityofCarrollton 0.61788$ 0.61788$ 0.61788$ 0.61538$ 0.60370$

CityofCoppell 0.69046 0.67046 0.63750 0.60649 0.57950

TownofCopperCanyon 0.30171 0.30171 0.29751 0.29751 0.29751

DentonCounty 0.27736 0.28287 0.28491 0.27220 0.24841

DentonCountyFWSD#1‐B 0.88000 0.88000 0.88000 0.84000 0.74250

DentonCountyFWSD#1‐C ‐ ‐ 0.90000 0.90000 0.90000



DentonCountyFWSD#1‐D 0.90000 0.90000 0.90000 0.86000 0.84000

DentonCountyFWSD#1‐E 0.90000 0.90000 0.90000 0.90000 0.83000

DentonCountyFWSD#1‐F ‐ 1.00000 1.00000 1.00000 0.98000

DentonCountyFWSD#1‐G ‐ ‐ 1.00000 1.00000 1.00000

DentonCountyFWSD#1‐H ‐ ‐ ‐ 1.00000 1.00000

DentonCountyLID#1 0.16350 0.20700 0.18500 0.18500 0.18400

DentonCountyRUD#1 0.11000

0.01000 ‐ ‐ ‐

TownofDoubleOak 0.22481 0.22481 0.22481 0.22481 0.23240

TownofFlowerMound 0.44970 0.44970 0.44970 0.43900 0.43900

CityofFrisco 0.46191 0.46191 0.46191 0.46000 0.45000

CityofHighlandVillage 0.56963 0.56963 0.56963 0.56963 0.56963

CityofLewisville 0.44021 0.44021 0.44021 0.43609 0.43609

CityofPlano 0.48860 0.48860 0.48860 0.48860 0.47860

TarrantCounty ‐ 0.26400

 0.26400 0.26400 0.25400

TarrantCountyCollegeDistrict ‐ 0.14897 0.14950 0.14950 0.14473

TarrantCountyHospitalDistrict ‐ ‐ 0.22790 0.22790 0.22790

CityofTheColony 0.68300 0.68050 0.67750 0.67250 0.66750

Total 8.15877$ 9.49825$ 11.55656$ 12.40861$ 12.10547$

DistrictDirectRate:

Maintenance&Operations 1.0400 1.0400 1.0400 1.0400 1.0400

DebtService 0.3860 0.4130 0.4370 0.4370 0.4367

TotalDistrictDirectRates 1.4260 1.4530 1.4770 1.4770 1.4767



SourcesofInformation:Collin,Dallas,Denton,andTarrantAppraisalDistricts



Note:Taxratesareper$100ofassessedvalue.



 109 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table8

PROPERTYTAXRATES‐DIRECTANDOVERLAPPINGGOVERNMENTS(Unaudited) Page2of2

LastTenFiscalYears



FiscalYearEndedAugust31: 2017 2018 2019 2020 2021

CityofCarrollton 0.60370$ 0.59970$ 0.59497$ 0.58997$ 0.58750$

CityofCoppell 0.59750 0.57950 0.56950 0.58400 0.58000

TownofCopperCanyon 0.29751 0.29751 0.29751 0.29751 0.29751

DentonCounty 0.24841 0.23781 0.22557 0.22528 0.22499

DentonCountyFWSD#1‐B 0.74250 0.69000 0.63000 0.63000 0.63000

DentonCountyFWSD#1‐C 0 .90000 0.90000 0.84000 0.78000 0.78000



DentonCountyFWSD#1‐D 0.84000 0.72000 0.51500 0.45000 0.44330

DentonCountyFWSD#1‐E 0.83000 0.78000 0.62000 0.59000 0.58000

DentonCountyFWSD#1‐F 0.98000 0.92000 0.67000 0.54000 0.46000

DentonCountyFWSD#1‐G 1.00000 1.00000 1.00000 1.00000 0.95000

DentonCountyFWSD#1‐H 1.00000 1.00000 1.00000 1.00000 1.00000

DentonCountyLID#1 0.18400 ‐ ‐ ‐ ‐

DentonCountyRUD#1 ‐ ‐ ‐ ‐ ‐



TownofDoubleOak 0.23240 0.23240 0.23000 0.23000 0.22921

TownofFlowerMound 0.43900 0.43900 0.43900 0.43650 0.43650

CityofFrisco 0.45000 0.44660 0.44660 0.44660 0.44660

CityofHighlandVillage 0.56963 0.56802 0.56302 0.56302 0.56302

CityofLewisville 0.43609 0.43609 0.43609 0.43301 0.44330

CityofPlano 0.47860 0.46860 0.46030 0.44820 0.44820

TarrantCounty 0.25400 0.24400 0.23400 0.23400

0.23400

TarrantCountyCollegeDistrict 0.14473 0.14006 0.13607 0.13017 0.13017

TarrantCountyHospitalDistrict 0.22790 0.22443 0.22443 0.22443 0.22443

CityofTheColony 0.66750 0.66500 0.66250 0.66000 0.65500

Total 12.12346$ 11.58872$ 10.79455$ 10.49269$ 10.34372$

DistrictDirectRate:

Maintenance&Operations 1.0400 1.0400 1.0400 0.9700 0.9664

DebtService 0.3800 0.3675 0.3675 0.3675 0.3809

TotalDistrictDirectRates 1.4200 1.4075 1.4075 1.3375 1.3473



SourcesofInformation:Collin,Dallas,Denton,andTarrantAppraisalDistricts



Note:Taxratesareper$100ofassessedvalue.



 110 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table9

PRINCIPALPROPERTYTAXPAYERS(Unaudited)

CurrentYearandNineYearsAgo



2021 2012

Perc entageof Per centageof

Taxable Total Taxable Taxabl e TotalTaxabl e

Assessed Assessed Assessed Assessed

Princi pa lTaxpayers Valuati on Rank Va lue Va lua tion Ra nk Value

LMGVentur es LLC 210,362,316$ 1 0.48% ‐$ 0.00%

ToyotaMotorNorthAmeri caInc 184,723,200 2 0.42% ‐ 0.00%

BMFIVTXChapelHillLLC 153,689,109 3 0.35% ‐ 0.00%

OncorElecDeliveryCo.

(previously TXUEl e ctricDeliveryCo.) 122,100,056 4 0.28% 57,809,630 5 0.25%

TXFMI nc. 119,857,199 5 0.27% ‐ 0.00%

Re alm CH1ALLC&RealmCH1B

LLC 114,725,000 6 0.26% ‐ 0.00%

EricssonI nc 113,976,537 7 0.26% ‐ 0.00%

DFW LewisvillePartners GPEta l 110,883,980 8 0.25% ‐ 0.00%

Frankel,EdwardBMDTR 105,167,190 9 0.24% ‐ 0.00%

Softl a yer 98,518,210 10 0.22% ‐ 0.00%

TotalTenPr inci pa lTa xpayers 1,334,002,797$ 3.03% 57,809,630$ 0.25%

TotalTaxableAssessedVa l ue 44,196,015,587$ 23,095,990,992$



SourceofInformation:2021CertifiedTop10TaxpayersReportfromDentonCentralAppraisalDistrict



 111 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table10

COMPUTATIONOFDIRECTANDOVERLAPPINGDEBT(Unaudited)

August31,2021



TaxingJurisdiction GrossBondedDebt*Percent Amount

Overlapping:

CityofCarrol l ton 179,375,000$ 37.27% 66,853,063$

CityofCoppell 124,51 5,000 1.94% 2,415,591

TownofCopperCanyon 2,175,000 72.65% 1,580,13 8

CityofDall as 1,936,980,416 0.20% 3,873,961

De ntonCounty 571,605,000 39.63% 226,527,062

De ntonCoFWSD1‐B 5,975 ,000 100.00% 5,975,000

De ntonCoFWSD1‐C 13,58 3,500 100.00% 13,583,500

De ntonCoFWSD1‐D 16,275,000 100.00% 16,275,000

De ntonCoFWSD1‐E 16,42 5,000 100.00% 16,425,000

De ntonCoFWSD1‐F 22,455,000 100.00% 22,455,000



De ntonCoFWSD1‐G 3 2,140,350 100.00% 32,1 40,350

De ntonCoFWSD1‐H 42,634,350 100.00% 42,634,350

De ntonCoun tyLID#1 6,150 ,000 94.51% 5,8 12,365

TownofFlowerMound 158,230,000 94.72% 149,875,45 6

CityofFri s co 855,175,000 4.12% 35,233,210

CityofHighlandVillage 30,325,000 100.00% 30,325,00 0

CityofLewisville 136,690,000 98.47% 134,598,643

CityofPl ano 507,060,000 3.19% 16,175,214

Ta rrantCounty 213,675,000 0.15% 320,513

Ta rrantCoCollegeDistri ct 255,995,000 0.15% 383,993

Ta rrantCountyHospital

Di s tri ct 14,495,000 0.15% 21,743

CityofTheCol ony 117,955,000 85.67% 101,052,049

TotalEstimatedOverlappingDebt 924,536,201

Direct:

LewisvilleISD 1,460,173,78 8

TotalDirectandOverlappingDebt 2,384,709,98 9$

Overlapping



SourceofInformation:MunicipalAdvisoryCouncilofTexas



* Some debt may be supported by other revenues and thus be considered self‐supporting debt.Using gross debt may

overstatetheactualamountofdebtsupportedbyadvaloremtaxes.



Note:Overlappinggovernmentsarethosethatcoincide,atleastin

part,withthegeographicboundariesoftheDistrict.This

schedule estimates the portion of the outstanding debt of these overlapping governments that is borne by the

residentsandbusinessesoftheDistrict.



 112 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table11

RATIOOFNETBONDEDDEBTTOASSESSEDVALUEANDNETBONDEDDEBT Page1of2

TOPERSONALINCOME(Unaudited)

LastTenFiscalYears



Total  Amounts Net

Fisc al Taxable BondedDebt Available BondedDebt

YearEnded Assessed Assessment Outstanding forRetirement Outstanding

August31: Value Ratio atYearEnd ofBonds atYearEnd

2012 23,095,990,992$ 100% 1,167,429,077$ 22,069,672$ 1,145,359,40 5$

2013 23,046,548,096 100% 1,256,272,880 14,676,604 1,241,596,276

2014 24,430,874,196 100% 1,269,178,364 6,205,159 1,262,973,205

2015 26,698,623,389 100% 1,309,320,999 5,109,954 1,304,211,045

2016 29,093,582,239 100% 1,240,974,968 28,876,110 1,212,098,858

2017 32,508,282,254 100% 1,365,057,248 42,980,807 1,322,076,441

2018 35,772,334,352 100% 1,387,749,924 39,917,275 1,347,832,649

2019 38,727,053,641 100% 1,408,404,617 45,151,937 1,363,252,680

2020 42,177,267,514 100% 1,571,032,794 46,557,030

 1,524,475,764

2021 44,196,015,587 100% 1,460,173,788 62,223,485 1,397,950,303



3.10%

3.30%

3.50%

3.70%

3.90%

4.10%

4.30%

4.50%

4.70%

4.90%

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

4.96%

5.39% 5.17%

4.88%

4.17%

4.07%

3.77%

3.52%

3.61%

3.16%

Ratio of Net Bonded Debt to Taxable Assessed Valuation



SourcesofInformation:LewisvilleISDAuditedFinancialStatements,MunicipalAdvisoryCouncilofTexas,DentonCounty,US

CensusBureau



 113 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table11

RATIOOFNETBONDEDDEBTTOASSESSEDVALUEANDNETBONDEDDEBT Page2of2

TOPERSONALINCOME(Unaudited)

LastTenFiscalYears



RatioNet

BondedDebt Net Taxable

Fiscal toTaxable Bonded Assessed

YearEnded Assessed Estimated DebtPer Va luation

August31: Valuation Population Capita PerCapita

2012 4.96% 303,646 3,772$ 76,062$

2013 5.39% 310,590 3,998 74,202

2014 5.17% 318,317 3,968 76,750

2015 4.88% 327,683 3,980 81,477

2016 4.17% 336,569 3,601 86,442

2017 4.07% 346,057 3,820 93,939

2018 3.77% 360,320 3,741 99,279

2019 3.52% 366,508 3,720 105,665

2020 3.61% 372,995 4,087 113,077

2021 3.16% 380,583 3,673 116,127



 114 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table12

LEGALDEBTMARGININFORMATION(Unaudited) Page1of2

LastTenFiscalYears



FiscalYe arEndedAugust31: 2012 2013 2014 2015 2016

DebtLimi t 2,309,599,099$ 2,304,654,810$ 2,443,0 98,720$ 2,669,862,339$ 2,909,358,224$

Tota l netdebtapplicabletolimi t 1,145,359,405 1,241,596,276 1,262,9 73,205 1,306,167,120 1,212,098,858

Lega l debtma rgin 1,164,239,694$ 1,063,058,534$ 1,180,1 25,515$ 1,363,695,219$ 1,697,259,366$

Tota l netdebtapplicabletothelimitas 49.59% 53.87% 51.70% 48.92% 41.66%

aper centa geofdebtlimit



 115 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table12

LEGALDEBTMARGININFORMATION(Unaudited) Page2of2

LastTenFiscalYears



FiscalYear EndedAugust31: 2017 2018 2019 2020 2021

DebtLi mit 3,250,828,225$ 3,577,233,435$ 3,872,705,364$ 4,136,175,240$ 4,392,513,750$

Totalnetdebtapplicabletolimi t 1,322,076,441 1,347,832,649 1,363,252,680 1,524,475,764 1,397,950,303

Legal debtma rgi n 1,928,751,784$ 2,229,400,786$ 2,509,452,684$ 2,611,699,476$ 2,994,563,447$

Totalnetdebtapplicabletothelimita s 45.44% 37.68% 35.20% 36.86% 31.83%

aper centa geofdebtlimit

TotalAppra i sedValuation(1) 51,436,530,804$

Les s ‐ExemptionsandReduc ti ons

inVal ue(2) (7,511,393,304)

TotalAppra i sedValuationforSchoolTaxPurpose 43,925,137,500

DebtLimi tPerc enta ge 10%

Lega l DebtLi mit 4,392,513,750

TotalBondedDebt 1,460,173,788

Les s ‐Re serveforRet ire m entofBondedDebt 62,223,485

NetBondedDebt ApplicabletoDebtLimi t 1,397,950,303

Lega l DebtMargin 2,994,563,447$



SourceofInformation:DentonCentralAppraisalDistrict.



Notes:



(1)The2020taxyearappraisedvalueisusedforfiscalyear2021taxpurposes.



(2)Taxablevalueisadjustedbythefollowingexemptionsandreductions:State‐mandated$10,000homesteadexemptions:

state‐mandated$10,000homesteadexemptionforpersons65years of

ageorolderordisable;disabled veteransor

deceasedveterans’survivor(s)exemption;reductionofvalueduetoagriculturalvaluationunderArticleVIII‐dandthe

open space valuation underArticle VIII 1‐d‐1 of the Texas Constitution; freeport exemptions; abatements; pollution

control;proratedexemptproperty.



 116 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table13

RATIOOFANNUALDEBTSERVICEEXPENDITURESFORGENERALBONDED

DEBTTOTOTALEXPENDITURES(Unaudited)

LastTenFiscalYears



RatioofTotal

BondedDebt

FiscalYear Interest TotalBonded Expenditur es

Ended andOther Debt Tota l ToTotal

Augus t31 Pr incipal Charges Expenditures Ex penditures Expenditures

2012 42,420,121$ 48,083,638$ 90,503,759$ 561,527,689$ 16.12%

2013 52,584,938 46,143,831 98,728,769 666,657 ,258 14.81%

2014 52,472,420 56,083,212 108,555,632 676,305 ,856 16.05%

2015 47,358,841 70,624,513 117,983,354 653,061 ,463 18.07%

2016 55,146,452 196,737,871 (1) 251,884,323 760,222,229 33.13%

2017 57,663,384 57,479,032 115,142,416 614,853 ,082 18.73%

2018 73,760,515 66,799,002 140,559,517 719,786 ,356 19.53%

2019 83,545,665 59,570,263 143,115,928 846,484 ,918 16.91%

2020 96,021,916

91,721,241 187,743,157 974,713,330 19.26%

2021 89,000,233 66,283,947 155,284,180 915,532 ,172 16.96%

(1)Includedcurrentr efundingamountof

$128,751,517,fromtheUnli mi tedTaxRefunding

Bonds,2016Aand2016Bissuance.



16.12%

14.81%

16.05%

18.07%

33.13%

18.73%

19.53%

16.91%

19.26%

16.96%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

RatioofTot al BondedDebtExpenditurestoTot al 

Expenditures



SourcesofInformation:LewisvilleISDAuditedFinancialStatements‐

StatementofRevenues,Expenditures,andChangesinFundBalance‐

DebtServiceFundonly.



 117 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table14

RATIOOFANNUALDEBTSERVICEEXPENDITURESFOR

OUTSTANDINGDEBTBYTYPE(Unaudited)

LastTenFiscalYears



Rat ioof

FiscalYear General Capita lFinancing Total Total

Ended Obligation Agreements Primary Estimated DebtPer

Augus t3 1: Bonds (Ca pitalLeas es) Government Popul ati on Capita

2012 1,16 7,429,077$ ‐$ 1,167,429,077$ 303,646 3,845$

2013 1,25 6,272,880 ‐ 1,256,272,880 31 0,590 4,045

2014 1,26 9,178,364 ‐ 1,269,178,364 31 8,317 3,987

2015 1,30 9,320,999 1,959,075 1,311,280,074 327,683 4,002

2016 1,24 0,974,968 1,307,235 1,242,282,203 336,569 3,691

2017 1,36 5,057,248 6 55,215 1,365,712,463 346,057 3,946

2018 1,38 7,749,924 6 55,215 1,388,405,139 360,320 3,853

2019 1,40 8,404,617 ‐ 1,408,404,617 36 6,508 3,843

2020 1,57 1,032,794 ‐

1,571,032,794 372,995 4,212

2021 1,46 0,173,788 ‐ 1,460,173,788 38 0,583 3,837

Governme ntalActi vi ti es



 118 LewisvilleISD2021ACFR



 119 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table15

PERSTUDENTCALCULAT IONS(GENERALFUNDONLY)

BASEDONREVENUESANDEXPENDITURES(Unaudited)

LastThreeFiscalYears



2021 2020 2019

BeginningFundEquity(9/1) 181,154,061$ 164,506,064$ 153,988,438$

Revenues:

FromAdValoremTax 425,546,088 411,640,279 403,544,059

%ofTotalRevenue 81.97% 82.18% 80.85%

FromStateandFederalFunds 86,139,276 75,805,785 77,816,420

%ofTotalRevenue 16.59% 15.13% 15.59%

FromOtherLocalSources 7,444,972 13,457,487 17,752,250

%ofTotalRevenue 1.43% 2.69% 3.56%

TotalRevenues 519,130,336 500,903,551 499,112,729

TotalExpenditures 529,657,275 506,719,469 488,691,198

NetTransfersandOtherIncreases

(Decreases)toFundEquity 136,728 22,463,915 96,095

EndingFundEquity(8/31) 170,763,850$ 181,154,061$ 164,506,064$

PerStudentCalculations:

AssessedValuationPerStudent 964,305$ 870,999$ 791,220$

AdValoremTaxRevenuesPerStudent 9,285$ 8,501$ 8,245$

StateandFederalFundsPerStudent 1,879 1,565 1,590

OtherLocalSourcesPerStudent 162 278 363

TotalRevenuesPerStudent 11,327$ 10,344$ 10,197$

Total

ExpendituresPerStudent 11,556$ 10,464$ 9,984$

AverageDailyAttendance 45,832 48,424 48,946

FiscalYearEndedAugust31,



SourceofInformation:LewisvilleISDAuditedFinancialStatements,TexasEducationAgency



 120 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table16

DEMOGRAPHICDATAANDECONOMICSTATISTICS(Unaudited) Page1of2

LastTenFiscalYears



FiscalYearEnded Estimated Peak Average District

August31 Population Enrollment DailyAttendance Employees

2012 303,646 51,874 49,223 5,908

2013 310,590 52,406 49,612 6,172

2014 318,317 52,677 49,898 6,212

2015 327,683 53,393 50,373 6,270

2016 336,569 53,412 50,490 6,572

2017 346,057 53,363 50,144 6,361

2018 360,320 52,421 49,228 6,439

2019 366,508 52,069 48,946 6,527

2020 372,995 51,819 48,424 6,319

2021 380,583 46,347 45,832 6,373



50000

100000

150000

200000

250000

300000

350000

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Population Peak Enrollment Avg Daily Attendanc e Distr ict Emplo yees



Note:FiscalYear2012DistrictEmployeesisbudgetedpositionsforgeneralfundandfoodserviceonly.DistrictEmployees

forfollowingyearsisallbudgetedpositions.



SourceofInformation:LewisvilleISDBudgetandStudentServicesDepartments,TexasEducationAgency,TexasWorkforce

Commission



 121 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table16

DEMOGRAPHICDATAANDECONOMICSTATISTICS(Unaudited) Page2of2

LastTenFiscalYears



FiscalYearEnded Personal PerCapita Unemployment

August31 Income(000)* PersonalIncome* Rate*

2012 32,133,385$ 45,383$ 5.7

2013 33,237,063 45,605 5.3

2014 36,361,690 48,174 4.4

2015 39,117,830 50,112 3.6

2016 (A) (A) 3.4

2017 (A) (A) 3.6(B)

2018 (A)  (A) 3.23(B)

2019 (A)  (A) 3.28(B)

2020 (A)  (A) 6.89

2021 (A)  (A) 5.13



*DentonCountystatistics

(A)Notavailableattimeofpublication.

(B)AveragethruSeptember2017.



 122 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table17

PRINCIPALEMPLOYERS(Unaudited) 

CurrentYearandNineYearsAgo



2021 2012

Percentage Percentage

ofTotal ofTotal

PrincipalEmployer Employees Rank Employment* Employees Rank Employment*

LewisvilleISD 6,363 1 1.28% 5,908 1 1.62%

ToyotaMotorCorporation 4,000 20.80%‐ 0.00%

Wal‐MartSupercenters/Stores 3,722 3 0.75% 1,601 40.44%

Frito‐LayInc 2,500 4 0.50% 2,500 30.68%

Verizon 2,250 50.45%‐ 0.00%

NebraskaFurnitureMart 2,000 60.40%‐ 0.00%

MusicCityMall 1,076 70.22%‐ 0.00%

TexasHealthPresbyterian 950 8 0.19% 0.00%

Xerox 825 90.17%‐ 0.00%

CityofLewisville 776 10 0.16% 680 90.19%

Total 24,462 4.91% 10,689 2.92%



SourcesofInformation:LISDBudgetDepartment,DentonCounty,variousmunicipalities,andindividualemployers



*BasedonDentonCountyTotalEmployment.



Note:LISDEmployeesasof2021isallbudgetedpositions.



 123 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table18

EXPENDITURES,AVERAGEDAILYATTENDANCE,ANDPERPUPILCOSTS(Unaudited) 

LastTenFiscalYears



Percentageof

FiscalYear Studentto Studentsin

Ended AverageDaily PerPupil Teacher Free/Reduced

August31: Expenditures Attendance Costs Ratio LunchProgram

2012 414,674,907$ 49,223 8,424$ 14.0 29.60%

2013 421,781,594 49,612 8,502 14.0 32.44%

2014 435,173,420 49,898 8,721 14.3 33.62%

2015 460,111,994 50,373 9,134 14.3 33.83%

2016 473,460,615 50,490 9,377 14.1 36.03%

2017 476,268,891 50,144 9,498 13.8 36.03%

2018 509,016,841 49,228 10,340 14.0 38.29%

2019 499,707,214 48,946 10,209 14.2 38.71%

2020 532,835,252 48,424 11,004 14.5 36.22%

2021 530,348,095 45,832 11,572 13.4 33.73%



SourcesofInformation:LewisvilleISDAuditedFinancialStatements,TexasEducationAgency



Expenditures include Governmental expenditures for General and Special Revenue Funds of the District, excluding Debt

Service,FacilitiesAcquisition,CommunityServices,andIntergovernmentalServicesbetweenpublicschools.



 124 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table19

FULL‐TIMEEQUIVALENTDISTRICTEMPLOYEESBYFUNCTION(Unaudited) Page1of2

LastTenFiscalYears



FiscalYearEndedAugust31: 2012 2013 2014 2015 2016

Function

Instruction

4,137.00 4,362.70 4,350.31 4,354.22 4,487.65

Instructionalresources&mediaservices

88.50 88.00 101.00 102.00 104.00

Curriculumandinstructionalstaffdevelopment

48.13 21.00 26.00 26.00 41.00

Instructionalleadership

78.37 82.50 93.00 127.50 89.00

Schoolleadership

439.00 462.00 473.00 480.00 506.50

Guidanceandcounseling

245.00 246.00 251.00 255.00 265.00

Social

workservices

1.50 1.50 1.50 1.50 98.50

Healthservices

81.50 81.50 82.50 84.50 83.50

Foodservices

348.32 349.60 349.55 349.55 385.50

Co‐curricularactivities

13.50 15.00 16.00 17.00 17.00

Generaladministration

96.50 90.50 92.50 92.50 97.50

Plantmaintenanceandoperations

126.13 124.10 127.12 127.12 124.00

Securityandmonitoring

‐ ‐ 1.00 2.00 10.00

Data

processingservices

69.50 111.00 109.00 108.00 115.00

Communityservices

134.87 132.60 134.12 139.12 144.13

Facilitiesacquisitionand construction

‐ 4.00 4.00 4.00 4.00

TotalEmployees 5,907.82 6,172.00 6,211.60 6,270.01 6,572.28



Note:FiscalYear2012EmployeeCountisbudgetedforgeneralfundandfoodserviceonly.

 EmployeeCountforfollowingyearsisallbudgetedpositions.



Sources:LewisvilleISDDepartmentofAccountingandBudgeting



 125 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table19

FULL‐TIMEEQUIVALENTDISTRICTEMPLOYEESBYFUNCTION(Unaudited) Page2of2

LastTenFiscalYears



FiscalYearEndedAugust31: 2017 2018 2019 2020 2021

Function

Instruction

4,432.88 4,582.95 4,514.80 4,430.86

4,538.94

Instructionalresources&mediaservices

92.50 52.98 65.00 64.00

59.21

Curriculumandinstructionalstaffdevelopment

16.00 9.00 8.00 8.00

8.00

Instructionalleadership

108.00 1.79 2.00 2.43

2.00

Schoolleadership

501.50 544.95 544.00 544.79

545.70

Guidanceandcounseling

267.13 213.78 245.20 256.84

257.24

Social

workservices

1.50 1.66 3.70 4.52

5.17

Healthservices

85.50 70.66 70.30 69.37

71.30

Foodservices

355.30 408.77 429.00 372.71

323.10

Co‐curricularactivities

15.00 13.28 14.30 14.05

11.10

Generaladministration

95.00 203.19 214.30 213.71

216.41

Plantmaintenanceandoperations

117.34 116.96 127.00 117.95

112.09

Securityandmonitoring

17.00 16.94 17.80 18.68

22.25

Data

processingservices

113.00 69.60 71.00 65.25

68.33

Communityservices

140.00 129.24 196.00 130.42

121.66

Facilitiesacquisitionand construction

3.00 3.00 5.00 5.00

10.00

TotalEmployees 6,360.65 6,438.75 6,527.40 6,318.58 6,372.50

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 126 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table20

TEACHERSALARYANDEDUCATION(Unaudited) Page1of2

LastTenFiscalYears

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TeacherSalaryRange

Fiscal

Year Salary Employees Salary Employees Salary Employees Salary Employees

2012 33,116$ 77 42,331$ 869 44,048$ 891 48,029$ 1,246

2013 44,115 180 46,992 801 48,867 869 52,134 1,259

2014 46,570 150 49,082 792 49,834 859 52,854 1,289

2015 49,410 141 50,277 822 51,393 846 54,317 1,292

2016 47,231 159 51,495 866 52,701 795 55,323 1,333

2017 48,429 154 51,766 888 53,929

824 56,882 1,313

2018 50,733 122 53,697 911 55,648 759 58,172 1,268

2019 47,367 107 54,494 862 56,537 754 58,868 1,244

2020 50,284 100 55,965 831 58,120 743 60,509 1,200

2021 51,853 164 56,010 795 58,621 791 61,268 1,203

11‐20YearsBeginning 1‐5Years 6‐10Years

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Sources:LewisvilleISDPEIMSReportData,TexasEducationAgency

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 127 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table20

TEACHERSALARYANDEDUCATION(Unaudited) Page2of2

LastTenFiscalYears



TeacherSalaryRange District Statewide

Fiscal Average Average No Bachelor's Master's

Year Salary Employees Salary Salary Degree Degree Degree Doctorate

2012 60,144$ 636 47,507$ 48,375$ 51 2,713 932 21

2013 62,654 650 51,717 48,821 64 2,762 912 22

2014 63,041 615 52,786 49,692 57 2,725 903 21

2015 63,802 634 54,191 50,715 42 2,652 913 27

2016 64,130 645 55,056 51,892 37 2,740 989 31

2017 64,642 666 56,073 52,525 39

2,754 1,020 33

2018 65,317 686 57,639 53,334 17 2,665 1,025 38

2019 65,357 701 58,267 54,122 12 2,628 995 32

2020 66,503 732 59,902 57,091 14 2,576 987 28

2021 67,242 740 60,349 57,641 22 2,622 1,023 25

Over20Years

TeacherEducation



 128 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table21

SCHOOLBUILDINGINFORMATION(Unaudited) Page1of10

LastTenFiscalYears

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Campus

School Size(acres) Grades 2012 2013 2014 2015

HighSchools:

Technology,Exploration&CareerCenter

East(TECC‐E)(2010) 9.22 10‐12

SquareFeet 95,168 95,168 95,168 95,168

Enrollment n/a n/a n/a n/a

Technology,Exploration&CareerCenter 14.00 10‐12

West(TECC‐W)(2020) ‐ ‐ ‐ ‐

SquareFeet n/a n/a n/a n/a

DaleJacksonCareerCenter(1985) 12.01 10‐12

SquareFeet 55,331 55,331 55,331 55,331

Enrollment n/a n/a n/a n/a

FlowerMound9thGradeCampus(2014) 2.60 9

Square

Feet ‐ ‐ 115,261 115,261

Enrollment ‐ ‐ ‐ 950

FlowerMoundHigh(1999) 59.60 10‐12

SquareFeet 408,080 408,080 517,312 517,312

Enrollment 3,240 3,257 3,309 2,550

Hebron9thGradeCampus(2010) 11.00 9

SquareFeet 179,248 179,248 179,248 179,248

Enrollment 768 862 886 897

HebronHigh(1999) 72.15 10‐12

SquareFeet 409,185 409,185 442,827 442,827

Enrollment 2,217 2,226 2,346 2,458

LewisvilleHighSchools 9‐12

TotalEnrollment 3,647 3,815 3,980 4,157

LewisvilleHigh(1968)/(2012)** 41.00 11‐12

SquareFeet 360,822 360,822 416,039 422,731

Enrollment 2,682 1,818 1,845 1,987

LHS‐North(1977)* 15.45 9

SquareFeet ‐ ‐ ‐ ‐

Enrollment ‐ ‐ ‐ ‐

LHSHarmon9th/10thGradeCampus(2011) 63.82 9‐10

SquareFeet 212,748 212,748 212,748 212,748

Enrollment 531 1,061 1,155 1,205

LHSKillough9th/10thGradeCampus(2005) 18.00 9‐10

Square

Feet 175,658 175,658 175,658 175,658

Enrollment 434 936 980 965

LewisvilleLearningCenter(2001) 11.29 6‐12

SquareFeet 61,203 61,203 61,203 61,203

Enrollment 246 209 210 229

Marcus9thGradeCampus(2014) 2.50 9

SquareFeet ‐ ‐ 109,046 109,046

Enrollment ‐ ‐ ‐ 835

MarcusHigh(1981) 43.64 10‐12

SquareFeet 474,173 474,173 608,317 608,317

Enrollment 3,182 3,224 3,235 2,439

TheColonyHigh(1986) 45.98 9

‐12

SquareFeet 427,251 427,251 461,177 454,802

Enrollment 1,908 1,955 1,978 1,987



 129 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table21

SCHOOLBUILDINGINFORMATION(Unaudited) Page2of10

LastTenFiscalYears

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School 2016 2017 2018 2019 2020 2021

HighSchools:

Technology,Exploration&CareerCenter

East(TECC‐E)(2010)

SquareFeet 95,168 95,168 95 ,168 95,168 95,168 95,168

Enrollment n/a n/a n/a n/a n/a n/a

Technology,Exploration&CareerCenter

West(TECC‐W)(2020)

SquareFeet ‐ ‐ ‐ ‐ ‐ 132,971

Enrollment n/a n/a n/a n/a n/a n/a

DaleJacksonCareerCenter(1985)

SquareFeet 55,331 55,331 55 ,331 55,331 55,331 ‐

Enrollment n/a n/a n/a n/a n/a n/a

FlowerMound9thGradeCampus

(2014)

SquareFeet 115,261 115,261 115,261 115,261 1 15,261 115,261

Enrollment 950 870 890 959 898 909

FlowerMoundHigh(1999)

SquareFeet 517,312 525,871 525,871 525,871 5 25,871 525,871

Enrollment 2,550 2,709 2,726 2,656 2,751 2,778

Hebron9thGradeCampus(2010)

SquareFeet 179,248 179,248 179,248 179,248 1 79,248 179,248

Enrollment 897 985 891 908 970 868

HebronHigh(1999)

Square

Feet 442,827 475,135 475,135 475,135 4 75,135 597,705

Enrollment 2,458 2,633 2,692 2,756 2,787 2,778

LewisvilleHighSchools

TotalEnrollment 4,377 4,434 4,561 4,479 4,467 4,357

LewisvilleHigh(1968)/(2012)**

SquareFeet 422,731 436,572 436,572 436,572 436,572 446,050

Enrollment 1,987 2,056 2,178 2,144 2,147 2,098

LHS‐North(1977)*

SquareFeet ‐ ‐ ‐ ‐ ‐ ‐

Enrollment ‐ ‐ ‐ ‐ ‐ ‐

LHS

Harmon9th/10thGradeCampus(2011)

SquareFeet 212,748 212,748 212,748 212,748 2 12,748 212,748

Enrollment 1,205 1,314 1,023 1,330 1,285 1,246

LHSKillough9th/10thGradeCampus(2005)

SquareFeet 175,658 175,658 175,658 175,658 1 75,658 175,658

Enrollment 965 1,064 1,360 1,005 1,035 1,013

LewisvilleLearningCenter(2001)

SquareFeet 61,203 61,203 61 ,203 61,203 61,203 61,203

Enrollment 229 236 171 217 233

235

Marcus9thGradeCampus(2014)

SquareFeet 109,046 109,046 109,046 109,046 1 09,046 109,046

Enrollment 835 824 801 748 773 774

MarcusHigh(1981)

SquareFeet 608,317 624,467 624,467 642,467 6 42,467 642,467

Enrollment 2,439 2,513 2,473 2,448 2,321 2,288

TheColonyHigh(1986)

SquareFeet 454,802 473,311 473,311 473,311 4 73,311 475,330

Enrollment 1,987 2,089 2,052 2,028 2,022 2,038

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 130 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table21

SCHOOLBUILDINGINFORMATION(Unaudited) Page3of10

LastTenFiscalYears

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Campus

School Size(acres) Grades 2012 2013 2014 2015

MiddleSchools:

ArborCreekMiddle(1994) 14.00 6‐8

SquareFeet 121,430 121,430 121,430 121,430

Enrollment 923 936 905 894

BriarhillMiddle(1995) 12.00 6‐8

SquareFeet 121,173 121,173 121,173 121,173

Enrollment 993 993 971 955

CreekValleyMiddle(2001) 19.64 6‐8

SquareFeet 125,006 125,006 125,006 125,006

Enrollment 659 715 741 795

DeLayMiddle(1949)* 17.74 6‐8

SquareFeet 92,456 92,456 92,456

92,456

Enrollment n/a n/a n/a n/a

DeLayMiddle(2010) 18.35 6‐8

SquareFeet 121,398 121,398 174,568 179,733

Enrollment 804 845 903 984

DowningMiddle(2002) 15.47 6‐8

SquareFeet 125,310 125,310 125,310 125,310

Enrollment 701 677 658 606

DurhamMiddle(2002)(2020) 18.89 6‐8

SquareFeet 125,040 125,040 125,040 125,040

Enrollment 829 813 770 762

ForestwoodMiddle(1994) 20.84 6‐8

SquareFeet 142,965 142,965 142,965 142,965

Enrollment 640 637

659 693

GriffinMiddle(1982)/(2014)** 16.80 6‐8

SquareFeet 137,464 137,464 181,298 181,298

Enrollment 692 696 747 765

HedrickMiddle(1973)(2020) 14.21 6‐8

SquareFeet 116,526 116,526 116,526 116,526

Enrollment 619 622 665 672

HuffinesMiddle(1997) 15.00 6‐8

SquareFeet 122,076 122,076 122,076 122,076

Enrollment 910 902 867 841

KillianMiddle(2007) 30.60 6‐8

SquareFeet 179,581 179,581 179,581 179,581

Enrollment 844 864

 921 950

LakeviewMiddle(1989) 28.54 6‐8

SquareFeet 130,570 130,570 130,570 130,570

Enrollment 774 834 795 817

LamarMiddle(1987) 20.00 6‐8

SquareFeet 135,030 135,030 135,030 135,030

Enrollment 832 845 789 764

*PurnellSupportCenterasofFY2011.

**Originalbuildingdemolishedandnewbuildingbuiltonsameacreage.

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 131 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table21

SCHOOLBUILDINGINFORMATION(Unaudited) Page4of10

LastTenFiscalYears

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School 2016 2017 2018 2019 2020 2021

MiddleSchools:

ArborCreekMiddle(1994)

SquareFeet 121,430 121,430 121,430 121,430 121,430 124,458

Enrollment 894 942 910 825 837 868

BriarhillMiddle(1995)

SquareFeet 121,173 121,173 121,173 121,173 121,173 124,700

Enrollment 955 888 865 870 861 843

CreekValleyMiddle(2001)

SquareFeet 125,006 125,006 125,006 125,006 125,006 125,006

Enrollment 795 699 695 702 716 658

DeLayMiddle(1949)*

SquareFeet 92,456 92,456 92,456 92,456 92,456 92,456

Enrollment n/a n/a n/a n/a n/a n/a

DeLayMiddle(2010)

SquareFeet 179,733 179,733 179,733 179,733 179,733 181,485

Enrollment 984 1,003 967 1,016 1,039 1,022

DowningMiddle(2002)

SquareFeet 125,310 125,310 125,310 125,310 125,310 127,760

Enrollment 606 593 546 507 477 500

DurhamMiddle(2002)

SquareFeet 125,040 125,040 125,040 125,040 125,040 125,040

Enrollment 762 894 871 855 810 739

ForestwoodMiddle(1994)

SquareFeet 142,965 142,965 142,965 142,965 142,965 142,965

Enrollment 693 866 914 911 910 895

GriffinMiddle(1982)/(2014)**

SquareFeet 181,298 181,298 181,298 181,298 181,298 181,298

Enrollment 765 797 805 778 744 702

HedrickMiddle(1973)(2020)

SquareFeet 116,526 116,526 116,526 116,526 116,526 175,147

Enrollment 672 691 668

665 636 638

HuffinesMiddle(1997)

SquareFeet 122,076 122,076 122,076 122,076 122,076 124,286

Enrollment 841 853 827 833 814 797

KillianMiddle(2007)

SquareFeet 179,581 179,581 179,581 179,581 179,581 179,581

Enrollment 950 952 947 996 995 1,102

LakeviewMiddle(1989)

SquareFeet 130,570 130,570 130,570 130,570 130,570 130,570

Enrollment 817 727 707 709 637 566

Lamar

Middle(1987)

SquareFeet 135,030 135,030 135,030 135,030 135,030 135,030

Enrollment 764 706 718 720 737 717

*PurnellSupportCenterasofFY2011.

**Originalbuildingdemolishedandnewbuildingbuiltonsameacreage.

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 132 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table21

SCHOOLBUILDINGINFORMATION(Unaudited) Page5of10

LastTenFiscalYears

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Campus

School Size(acres) Grades 2012 2013 2014 2015

McKamyMiddle(1997) 15.00 6‐8

SquareFeet 127,775 127,775 127,775 127,775

Enrollment 1,116 1,155 1,130 1,110

ShadowRidgeMiddle(2005) 35.95 6‐8

SquareFeet 150,664 150,664 150,664 150,664

Enrollment 794 804 774 721

ElementarySchools:

BluebonnetElementary(2000) 12.00 EE,K‐5

SquareFeet 69,593 69,593 69,593 69,593

Enrollment 536 474 481 495

BridlewoodElementary(1998) 12.82 EE,K‐5

SquareFeet 82,993 82,993

82,993 82,993

Enrollment 645 576 532 467

CameyElementary(1977)/(2014)* 10.31 EE‐5

SquareFeet 63,875 63,875 108,560 108,560

Enrollment 537 513 510 476

CastleHillsElementary(2002) 7.04 EE,K‐5

SquareFeet 73,557 73,557 73,557 73,557

Enrollment 768 784 791 734

CentralElementary(1957) 15.00 EE‐5

SquareFeet 152,952 152,952 152,952 152,952

Enrollment 920 905 960 975

CollegeStreetElementary(1960) 6.37 PK‐5

Square

Feet 35,601 35,601 35,601 35,601

Enrollment 264 363 355 330

CoyoteRidgeElementary(2005) 16.81 EE‐5

SquareFeet 99,939 99,939 99,939 99,939

Enrollment 622 613 608 614

CreeksideElementary(1989) 12.06 EE,K‐5

SquareFeet 60,168 60,168 60,168 60,168

Enrollment 491 453 449* 495

DeganElementary(1973) 15.00 EE‐5

SquareFeet 75,764 75,764 75,764 75,764

Enrollment 631 675 632 650

DonaldElementary(1989) 10.00 EE,K

‐5

SquareFeet 80,465 80,465 80,465 80,465

Enrollment 462 478 503 497

EthridgeElementary(1990) 11.42 EE,K‐5

SquareFeet 63,853 63,853 63,853 63,853

Enrollment 431 522 518 513

FlowerMoundElementary(1985) 10.05 EE,K‐5

SquareFeet 79,485 79,485 79,485 79,485

Enrollment 565 527 505 498

ForestVistaElementary(1997) 16.81 EE‐5

SquareFeet 85,610 85,610 85,610 85,610

Enrollment 474 461 549

546

*Originalbuildingdemolishedandnewbuildingbuiltonsameacreage.



 133 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table21

SCHOOLBUILDINGINFORMATION(Unaudited) Page6of10

LastTenFiscalYears



School 2016 2017 2018 2019 2020 2021

McKamyMiddle(1997)

SquareFeet 127,775 127,775 127,775 127,77 5 127,775 127,775

Enrollment 1,110 1,015 941 881 866 807

ShadowRidgeMiddle(2005)

SquareFeet 150,664 150,664 150,664 150,66 4 150,664 150,664

Enrollment 721 699 721 694 671 630

ElementarySchools:

BluebonnetElementary(2000)

SquareFeet 69,593 69,593 69,593 69,593 69,593 69,593

Enrollment 495 548 510 484 521 514

BridlewoodElementary(1998)

SquareFeet 82,993 82,993 82,993 82,993 82,993 82,993

Enrollment 467 413

402 408 395 474

CameyElementary(1977)/(2014)*

SquareFeet 108,560 108,560 108,560 110,585 110,585 110,585

Enrollment 476 581 596 903 609 576

CastleHillsElementary(2002)

SquareFeet 73,557 73,557 73,557 73,557 73,557 73,557

Enrollment 734 673 641 691 744 681

CentralElementary(1957)

SquareFeet 152,952 152,952 152,952 152,952 152,952 91,937

Enrollment 975 968 908 907 652 539

CollegeStreetElementary(1960)

SquareFeet 35,601 35,601 35,601 35,601 35,601 35,601

Enrollment 330 218 246 262 ‐ n/a

CoyoteRidgeElementary(2005)

SquareFeet 99,939 99,939 99,939 99,939 99,939 99,939

Enrollment 614 667 688 611 636 573

CreeksideElementary(1989)

Square

Feet 60,168 60,168 60,168 60,168 60,168 60,168

Enrollment 495 465 475 494 479 423

DeganElementary(1973)

SquareFeet 75,764 75,764 75,764 75,764 75,764 75,764

Enrollment 650 636 628 599 652 502

DonaldElementary(1989)

SquareFeet 80,465 80,465 80,465 80,465 80,465 80,465

Enrollment 497 470 476 573 613 582

EthridgeElementary(1990)

SquareFeet 63,853 63,853 63,853 63,853 63,853 63,853

Enrollment 513 488 496 443 434 406

FlowerMoundElementary(1985)

SquareFeet 79,485 79,485 79,485 79,485 79,485 79,485

Enrollment 498 472 475 489 492 460

ForestVistaElementary(1997)

SquareFeet 85,610 85,610 85,610 85,610 85,610 85,610

Enrollment 546 499 492 492 503 485

*Original

buildingdemolishedandnewbuildingbuiltonsameacreage.





 134 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table21

SCHOOLBUILDINGINFORMATION(Unaudited) Page7of10

LastTenFiscalYears



Campus

School Size(acres) Grades 2012 2 013 2014 2015

GardenRidgeElementary(1992) 10.00 EE,K‐5

SquareFeet 63,853 63,853 63,853 63,853

Enrollment 474 479 158 465

HebronValleyElementary(1989) 9.18 EE‐5

SquareFeet 79,195 79,195 79,195 79,195

Enrollment 644 627 600 600

HedrickElementary(1974) 14.21 K‐5

SquareFeet 81,815 81,815 81,815 81,815

Enrollment 668 565 578 607

HeritageElementary(1993) 13.36 EE‐5

SquareFeet 80,517 80,517

80,517 80,517

Enrollment 710 688 671 651

HicksElementary(2004) 10.00 EE,K‐5

SquareFeet 100,479 100,479 100,479 100,479

Enrollment 660 666 633 615

HighlandVillageElementary(1981) 6.42 EE,K‐5

SquareFeet 63,823 63,823 63,823 63,823

Enrollment 391 402 381 353

HomesteadElementary(1999) 9.93 EE, K‐5

SquareFeet 74,375 74,375 74,375 74,375

Enrollment 638 626 622 597

Independence

Elementary(2008) 14.58 EE‐5

SquareFeet 107,000 107,000 107,000 107,000

Enrollment 674 687 732 790

IndianCreekElementary(1985) 10.00 EE‐5

SquareFeet 76,172 76,172 76,172 76,172

Enrollment 633 617 595 631

LakelandElementary(1963)/(2008)* 10.00 EE,K‐5

SquareFeet 107,000 107,000 107,000 107,000

Enrollment 804 830 836 849

LewisvilleElementary(2010) 13.46 EE,K‐5

SquareFeet 101,058 101,058 101,058 101,110

Enrollment 691

 692 776 809

LibertyElementary(2002) 9.49 EE‐5

SquareFeet 86,122 86,122 86,122 86,122

Enrollment 811 803 743 667

McAuliffeElementary(1987) 11.02 EE‐5

SquareFeet 78,776 78,776 78,776 78,776

Enrollment 505 466 478 520

MillStreetElementary(2020) 14.11 PK‐5

SquareFeet ‐ ‐ ‐ ‐

Enrollment ‐ ‐ ‐ ‐

MorningsideElementary(1993) 10.00 EE,K‐5

SquareFeet 63,853 63,853 63,853

63,853

Enrollment 534 507 426 431

OldSettlerElementary(1994) 14.56 EE,K‐5

SquareFeet 83,850 83,850 83,850 83,850

Enrollment 704 666 66 636

*Originalbuildingdemolishedandnewbuildingbuiltonsameacreage.



 135 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table21

SCHOOLBUILDINGINFORMATION(Unaudited) Page8of10

LastTenFiscalYears



School 2016 2017 2018 2019 2020 2021

GardenRidgeElementary(1992)

SquareFeet 63,853 63,853 63,853 63,853 63,853 63,853

Enrollment 465 403 381 413 429 372

HebronValleyElementary(1989)

SquareFeet 79,195 79,195 79,195 79,195 79,195 79,195

Enrollment 600 585 565 567 511 429

HedrickElementary(1974)

SquareFeet 81,815 81,815 81,815 81,815 81,815 n/a

Enrollment 607 615 581 533 ‐ n/a

HeritageElementary(1993)

SquareFeet 80,517 80,517 80,517 80,517 80,517 80,517

Enrollment 651 595 546 547 561 496

HicksElementary(2004)

SquareFeet 100,479 100,479 100,479 100,479 100,479 100,479

Enrollment 615 581 596 587 657 646

HighlandVillageElementary(1981)

Square

Feet 63,823 63,823 63,823 63,823 63,823 63,823

Enrollment 353 346 335 349 370 365

HomesteadElementary(1999)

SquareFeet 74,375 74,375 74,375 74,375 74,375 74,375

Enrollment 597 560 553 568 559 503

IndependenceElementary(2008)

SquareFeet 107,000 107,000 107,000 107,000 107,000 107,000

Enrollment 790 820 874 934 908 840

IndianCreekElementary(1985)

SquareFeet 76,172 76,172 76,172 76,172 76,172 76,172

Enrollment 631 585 536 546 574 538

LakelandElementary(1963)/(2008)*

SquareFeet 107,000 107,000 107,000 107,000 107,000 107,000

Enrollment 849 867 844 795 837 713

LewisvilleElementary(2010)

SquareFeet 101,110 101,110 101,110 101,110 101,110 101,110

Enrollment 809 797 776 750 619 550

LibertyElementary

(2002) 

SquareFeet 86,122 86,122 86,122 86,122 86,122 86,122

Enrollment 667 557 520 520 528 483

McAuliffeElementary(1987)

SquareFeet 78,776 78,776 78,776 78,776 78,776 78,776

Enrollment 520 540 541 570 604 535

MillStreetElementary(2020)

SquareFeet ‐ ‐ ‐ ‐ 112,909 112,909

Enrollment ‐ ‐ ‐ ‐ 586 570

MorningsideElementary(1993)

SquareFeet 63,853 63,853 63,853 63,853 63,853 63,853

Enrollment 431 401 383 373 390 343

OldSettlerElementary(1994)

SquareFeet 83,850 83,850 83,850 83,850 83,850 83,850

Enrollment 636 573 569 574 577 523

*Originalbuildingdemolishedand

newbuildingbuiltonsameacreage.



 136 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table21

SCHOOLBUILDINGINFORMATION(Unaudited) Page9of10

LastTenFiscalYears



Campus

School Size(acres) Grades 2012 2013 2014 2015

OwenElementary(1987) 30.00 EE‐5

SquareFeet 78,776 78,776 78,776 78,776

Enrollment 451 502 477 496

ParkwayElementary(1995) 11.00 EE,K‐5

SquareFeet 75,113 75,113 75,113 75,113

Enrollment 448 587 571 542

PetersColonyElementary(1980)/(2010)* 10.00 EE‐5

SquareFeet 107,000 107,000 107,000 108,560

Enrollment 732 762 819 844

PolserElementary(1995) 10.00 EE‐5

SquareFeet 73,324 73,324 73,324

73,324

Enrollment 510 496 491 466

PrairieTrailElementary(1995) 11.65 EE,K‐5

SquareFeet 84,221 84,221 84,221 84,221

Enrollment 635 576 532 609

RockbrookElementary(2003) 9.76 EE‐5

SquareFeet 86,122 86,122 86,122 86,122

Enrollment 684 705 712 780

SouthridgeElementary(1999) 12.00 EE,K‐5

SquareFeet 74,375 74,375 74,375 74,375

Enrollment 582 642 714 692

StewartsCreekElementary

(1978) 7.10 EE‐5

SquareFeet 67,020 67,020 67,020 67,020

Enrollment 455 457 452 416

TimberCreekElementary(1978) 15.91 EE‐5

SquareFeet 63,532 63,532 63,532 63,532

Enrollment 508 503 473 470

ValleyRidgeElementary(1996) 14.54 EE‐5

SquareFeet 83,844 83,844 83,844 83,844

Enrollment 579 545 555 535

VickeryElementary(2003) 11.85 EE,K‐5

SquareFeet 74,117 74,117 74,117 74,117

Enrollment 593 597

 570 540

WellingtonElementary(1998) 10.05 EE‐5

SquareFeet 86,778 86,778 86,778 86,778

Enrollment 870 878 892 903

EarlyChildhood:

LillieJacksonEarlyChildhoodCenter(2005) 7.66 EE‐PK

SquareFeet 88,290 88,290 88,290 88,290

Enrollment 703 757 705 704

PK=Pre‐kindergarten

K=Kindergarten

EE=EarlyEducation

SourceofInformation:SchoolDistrictrecords,LewisvilleISD

PEIMSReportData

Note:*TheDistrictUtilized69singleanddoubletemporarybuildingsprovidingclassrooms,officespace,

storage,andotherusesinschoolswheretheDistrictneedsexceededbuildingcapacity.

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 137 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT Table21

SCHOOLBUILDINGINFORMATION(Unaudited) Page10of10

LastTenFiscalYears

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School 2016 2017 2018 2019 2020 2021

OwenElementary(1987)

SquareFeet 78,776 78,776 78,776 78,776 78,776 78,776

Enrollment 496 445 388 373 344 280

ParkwayElementary(1995)

SquareFeet 75,113 75,113 75,113 75,113 75,113 75,113

Enrollment 542 536 518 517 581 557

PetersColonyElementary(1980)/(2010)*

SquareFeet 108,560 108,560 108,560 108,560 108,560 108,560

Enrollment 844 723 662 613 578 549

PolserElementary(1995)

SquareFeet 73,324 73,324 73,324 73,324 73,324 73,324

Enrollment 466 422 393 411 497 450

PrairieTrailElementary(1995)

SquareFeet 84,221 84,221 84,221 84,221 84,221 84,221

Enrollment 609 657 690 697 695 635

RockbrookElementary(2003)

SquareFeet 86,122 86,122

86,122 86,122 86,122 86,122

Enrollment 780 753 757 756 728 635

SouthridgeElementary(1999)

SquareFeet 74,375 74,375 74,375 74,375 74,375 74,375

Enrollment 692 651 627 637 649 557

StewartsCreekElementary(1978)

SquareFeet 67,020 67,020 67,020 67,020 67,020 67,020

Enrollment 416 410 370 337 301 261

TimberCreekElementary(1978)

SquareFeet 63,532 63,532 63,532 63,532 63,532 63,532

Enrollment 470 492 498 504 512 453

ValleyRidgeElementary(1996)

SquareFeet 83,844 83,844 838,444 83,844 83,844 83,844

Enrollment 535 473 471 464 588 530

VickeryElementary(2003)

SquareFeet 74,117 74,117 74,117 74,117 74,117 85,832

Enrollment 540 538 490 474 758 677

WellingtonElementary

(1998)

SquareFeet 86,778 86,778 86,778 86,778 86,778 86,778

Enrollment 903 906 902 895 857 802

EarlyChildhood:

LillieJacksonEarlyChildhoodCenter(2005)

SquareFeet 88,290 88,290 88,290 88,290 88,290 88,290

Enrollment 704 695 694 687 668 367

PK=Pre‐kindergarten

K=Kindergarten

EE=EarlyEducation

SourceofInformation:SchoolDistrictrecords,LewisvilleISDPEIMSReportData

Note:*TheDistrictUtilized69singleanddoubletemporarybuildingsproviding

classrooms,officespace,

storage,andotherusesinschoolswheretheDistrictneedsexceededbuildingcapacity.



 138 LewisvilleISD2021ACFR

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 139 LewisvilleISD2021ACFR

FEDERALAWARDSSECTION

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 140 LewisvilleISD2021ACFR

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DallasOffice

8343DouglasAvenue

Suite400

Dallas,Texas75225

214.393.9300Main



whitleypenn.com

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 141 LewisvilleISD2021ACFR

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INDEPENDENTAUDITOR’SREPORTONINTERNALCONTROLOVERFINANCIALREPORTING

ANDONCOMPLIANCEANDOTHERMATTERSBASEDONANAUDITOF

FINANCIALSTATEMENTSPERFORMEDINACCORDANCE

WITHGOVERNMENTAUDITINGSTANDARDS



TotheBoardofTrustees

LewisvilleIndependentSchoolDistrict

Lewisville,Texas



Wehaveaudited, inaccordancewith theauditingstandardsgenerally acceptedintheUnitedStates ofAmericaand the

standardsapplicabletofinancialauditscontainedinGovernmentAuditingStandardsissuedbytheComptrollerGeneralof

theUnitedStates,thefinancialstatementsofthegovernmentalactivities,business‐typeactivities,eachmajorfund,andthe

aggregateremainingfundinformationofLewisvilleIndependentSchoolDistrict(the“District”)asofandfortheyearended

August31,2021,andtherelatednotestothefinancialstatements,whichcollectivelycomprisetheDistrict’sbasicfinancial

statements,andhaveissuedourreportthereondatedDecember6,2021.Ourreportincludesareferencetootherauditors

who audited the financial statements of Lewisville Education Foundation, Inc., as described in our report on Lewisville

IndependentSchoolDistrict’sfinancialstatements.ThefinancialstatementsofLewisvilleEducationFoundation,Inc.were

notauditedinaccordancewithGovernmentAuditingStandards.



InternalControlOverFinancialReporting

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Inplanningandperformingourauditofthefinancialstatements,weconsideredtheDistrict’sinternalcontroloverfinancial

reporting(internalcontrol)asabasisfordesigningauditproceduresthatareappropriateinthecircumstancesforthepurpose

ofexpressingouropinionsonthefinancialstatements,butnotforthepurposeofexpressinganopinionontheeffectiveness

oftheDistrict’sinternalcontrol.Accordingly,wedonotexpressanopinionontheeffectivenessoftheDistrict’sinternal

control.



Adeficiencyininternalcontrolexistswhenthedesignoroperationofacontroldoesnotallowmanagementoremployees,

inthenormalcourseofperformingtheirassignedfunctions,toprevent,ordetectandcorrect,misstatementsonatimely

basis.Amaterialweaknessisadeficiency,oracombinationofdeficiencies,ininternalcontrolsuchthatthereisareasonable

possibilitythatamaterialmisstatementoftheentity’sfinancialstatementswillnotbeprevented,ordetectedandcorrected

onatimelybasis.Asignificantdeficiencyisadeficiency,oracombinationofdeficiencies,ininternalcontrolthatisless severe

thanamaterialweakness,yetimportantenoughtomeritattentionbythosechargedwithgovernance.



Ourconsiderationofinternalcontrolwasforthelimitedpurposedescribedinthefirstparagraphofthissectionandwasnot

designedtoidentifyalldeficienciesininternalcontrolthatmightbematerialweaknessesorsignificantdeficiencies.Given

theselimitations,duringouraudit wedidnotidentifyanydeficienciesininternalcontrolthatweconsidertobematerial

weaknesses.However,materialweaknessesmayexistthathavenotbeenidentified.



 142 LewisvilleISD2021ACFR

TotheBoardofTrustees

LewisvilleIndependentSchoolDistrict



ComplianceandOtherMatters



As part of obtaining reasonable assurance about whether the District’s financial statements are free from material

misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts,

 and grant

agreements, noncompliance with which could have a direct and material effect on the financial statements.However,

providinganopinion oncompliancewith thoseprovisionswas notanobjective ofouraudit,andaccordingly, we donot

expresssuchanopinion.Theresultsofourtestsdisclosednoinstance

ofnoncomplianceorothermattersthatarerequired

tobereportedunderGovernmentAuditingStandards.



PurposeofthisReport



Thepurposeofthisreportissolelytodescribethescopeofourtestingofinternalcontrolandcomplianceandtheresultsof

thattesting,andnottoprovideanopinionontheeffectivenessoftheentity’sinternalcontroloroncompliance.Thisreport

is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s

internalcontrolandcompliance.Accordingly,thiscommunicationisnotsuitableforanyotherpurpose.



Houston,Texas

December6,2021



DallasOffice

8343DouglasAvenue

Suite400

Dallas,Texas75225

214.393.9300Main



whitleypenn.com







 143 LewisvilleISD2021ACFR



INDEPENDENTAUDITOR’SREPORTONCOMPLIANCEFOREACHMAJORFEDERALPROGRAM

ANDREPORTONINTERNALCONTROLOVERCOMPLIANCEREQUIRED

BYTHEUNIFORMGUIDANCE



TotheBoardofTrustees

LewisvilleIndependentSchoolDistrict

Lewisville,Texas



ReportonComplianceforEachMajorFederalProgram



We have audited Lewisville Independent School District’s (the “District”) compliance with the types of compliance

requirementsdescribedinthe OMB Compliance Supplement that could have adirectand material effectoneach ofthe

District’smajorfederalprogramsfortheyearendedAugust31,2021.TheDistrict’smajorfederalprogramsareidentifiedin

thesummaryofauditor’sresultssectionoftheaccompanyingscheduleoffindingsandquestionedcosts.



Management’sResponsibility



Managementisresponsibleforcompliancewithfederalstatutes,regulations,andthetermsandconditionsoffederalawards

applicabletoitsfederalprograms.



Auditor’sResponsibility



Ourresponsibilityistoexpressan opiniononcomplianceforeachoftheDistrict’smajorfederalprogramsbasedonouraudit

of the types of compliance requirements referredtoabove.We conducted our audit of compliance in accordance with

auditingstandardsgenerallyacceptedintheUnitedStatesofAmerica;thestandardsapplicabletofinancialauditscontained

inGovernmentAuditingStandards,issuedbytheComptrollerGeneraloftheUnitedStates;andtheauditrequirementsof

Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit

RequirementsforFederalAwards(UniformGuidance).ThosestandardsandtheUniformGuidancerequirethatweplanand

performtheaudittoobtainreasonableassuranceaboutwhethernoncompliancewiththetypesofcompliancerequirements

referred to above that couldhave a direct and material effect on a major federal programoccurred.Anauditincludes

examining,ona testbasis,evidence about theDistrict’scompliancewiththose requirementsandperformingsuchother

proceduresasweconsiderednecessaryinthecircumstances.



We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program.

However,ourauditdoesnotprovidealegaldeterminationoftheDistrict’scompliance.



OpiniononEachMajorFederalProgram



In our opinion, Lewisville Independent School District complied, in all material respects, with the types of compliance

requirementsreferredtoabovethatcouldhaveadirectandmaterialeffectoneachofitsmajorfederalprogramsforthe

yearendedAugust31,2021.



 144 LewisvilleISD2021ACFR

TotheBoardofTrustees

LewisvilleIndependentSchoolDistrict



ReportonInternalControlOverCompliance



ManagementoftheDistrictisresponsibleforestablishingandmaintainingeffectiveinternalcontrolovercompliancewith

thetypesofcompliancerequirementsreferredtoabove.Inplanningandperformingourauditofcompliance,weconsidered

theDistrict’sinternalcontrolovercompliancewiththetypesofrequirementsthatcouldhaveadirectandmaterialeffecton

eachmajorfederalprogramtodeterminetheauditingproceduresthatareappropriateinthecircumstancesforthepurpose

of expressing an opinion on compliance for each major federal programand to test and report on internal control over

complianceinaccordancewiththeUniformGuidance,butnotforthepurposeofexpressinganopinionontheeffectiveness

ofinternalcontrol overcompliance.Accordingly,wedonot expressanopinion on the effectivenessof District’s internal

controlovercompliance.



Adeficiencyininternalcontrolovercomplianceexistswhenthedesignoroperationofacontrolovercompliancedoesnot

allowmanagement oremployees,in thenormalcourseofperformingtheirassignedfunctions, toprevent,ordetectand

correct,noncompliancewithatypeofcompliancerequirementofafederalprogramonatimelybasis.Amaterialweakness

ininternalcontrolovercomplianceisadeficiency,orcombinationofdeficiencies,ininternalcontrolovercompliance,such

thatthereisareasonablepossibilitythatmaterialnoncompliancewithatypeofcompliancerequirementofafederalprogram

willnotbeprevented,ordetectedandcorrected,onatimelybasis.Asignificantdeficiencyininternalcontrolovercompliance

isadeficiency,oracombinationofdeficiencies,ininternalcontrolovercompliancewithatypeofcompliancerequirement

ofafederalprogramthatislessseverethanamaterialweaknessininternalcontrolovercompliance,yetimportantenough

tomeritattentionbythosechargedwithgovernance.



Ourconsiderationofinternalcontrolovercompliancewasforthelimitedpurposedescribedinthefirstparagraphofthis

section and was not designed to identify all deficiencies in internal control over compliance that might be material

weaknesses or significant deficiencies.Wedid not identify any deficienciesin internal control over compliance that we

considertobematerialweaknesses.However,materialweaknessesmayexistthathavenotbeenidentified.



Thepurposeofthisreportoninternalcontrolovercomplianceissolelytodescribethescopeofourtestingofinternalcontrol

overcomplianceandtheresultsofthattestingbasedontherequirementsofUniformGrantsGuidance.Accordingly,this

reportisnotsuitableforanyotherpurpose.



Houston,Texas

December6,2021



 145 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT

SCHEDULEOFFINDINGSANDQUESTIONEDCOSTS

FortheYearEndedAugust31,2021



I.SummaryofAuditors’Results



FinancialStatements



Typeofauditors’reportissued Unmodified



Internalcontroloverfinancialreporting: 

Materialweakness(es)identified? No

Significantdeficiency(ies)identifiedthatarenotconsideredto

bematerial

weaknesses? Nonereported

 

Noncompliancematerialtothefinancialstatementsnoted? No

 

FederalAwards



Internalcontrolsovermajorprograms:

Materialweakness(es)identified? No

Significantdeficiency(ies)identifiedthatarenotconsideredto

bematerialweaknesses?

Nonereported



Type of auditor’s report issued on compliance for major

programs:

Unmodified



Anyauditfindingsdisclosedthatarerequiredtobereportedin

accordancewithSection2CFR200.516(a)

No



IdentificationofMajorPrograms:



NameofFederalProgram AssistanceListingNumber(ALN)

U.S.DepartmentofTreasury

CoronavirusReliefFund(COVID‐19)

21.019

U.S.DepartmentofAgriculture



ChildNutritionCluster

10.553,10.555,

10.559

ChildandAdultCareFoodProgram

10.558

U.S.DepartmentofEducation:



ESSERI(CARESAct)(COVID‐19)

84.425D

ESSERII(CRRSAAct)(COVID‐19)

84.425D

ESSERIII(ARPAct)(COVID‐19) 84.425U



DollarthresholdusedtodistinguishBetweenTypeA

andTypeBfederalprograms: $1,865,615



Auditeequalifiedas

low‐riskauditee? Yes



LEWISVILLEINDEPENDENTSCHOOLDISTRICT

SCHEDULEOFFINDINGSANDQUESTIONEDCOSTS(continued)

FortheYearEndedAugust31,2021



 146 LewisvilleISD2021ACFR

II. FinancialStatementFindings



Therewerenocurrentyearfinancialstatementfindings.



III. FederalAwardFindingsandQuestionedCosts



Therewerenocurrentyearfederalawardfindings.



 147 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitK‐1

SCHEDULEOFEXPENDITURESOFFEDERALAWARDS Page1of2

FortheYearEndedAugust31,2021



FederalGrantor/ Federal Pass‐Through

Pass‐ThroughGrantor/ Federal EntityIdentifying Federal

ProgramorClusterTitle ALN Number Expenditures

U.S.DepartmentofDefense

DirectPrograms:

ROTC 12.000 99‐061902 361,059$

PassedthroughStateComptroller:

FederalFloodControlAllocation 12.112 17560019550 300,129

TotalU.S.DepartmentofDefense 661,188

U.S.DepartmentofEducation

DirectPrograms:

ImpactAi

84.041 61902 3,565,147

PassedThroughTexasEducationAgency:

SpecialEducationCluster(IDEA):

IDEA‐PartB,Formula 84.027A 206600010619026600 897,033

IDEA‐PartB,Formula 84.027A 216600010619026600 7,899,416

IDEA‐PartB,Preschool 84.173A 216610010619026610 190,811

TotalSpecialEducationCluster(ALN#84.027,84.173) 8,987,260

ESSATitleIPartA‐ImprovingBasicPrograms 84.010A 20610101061902 713,200

ESSATitleIPartA‐ImprovingBasicPrograms 84.010A 21610101061902 4,411,437

ESSATitleI

PartA‐ImprovingBasicPrograms 84.010A 22610101061902 2,055

ESSATitleIFOCUS‐SchoolImprovement 84.010A 20610141061902 7,115

ESSATitleIFOCUS‐SchoolImprovement 84.010A 21610141061902 228,506

TotalALN84.01

5,362,313

20‐21PerkinsV:StrengtheningCTEfor21st 84.048A 21420006061902 360,728

21‐22PerkinsV:StrengtheningCTEfor21st 84.048A 22420006061902 126,349

TotalALN84.04

487,077

ESSATitleII,PartA‐SupportingEffectiveInstruction 84.367A 20694501061902 176,909

ESSATitleII,PartA‐SupportingEffectiveInstruction 84.367A 21694501061902 435,695

ESSATitleII,PartA‐SupportingEffectiveInstruction 84.367A 22694501061902 172,251

TotalALN84.36

784,855

TitleIII,PartA‐ELA 84.365A 20671001061902 264,423

TitleIII,PartA‐ELA 84.365A 21671001061902 447,209

TitleIII,PartA‐Immigrant 84.365A 21671003061902 130,168

TotalALN84.365 841,800

(COVID‐19)ESSERI(CARESAct) 84.425D 20521001061902 116,227

(COVID‐19)ESSERII(CRRSAAct) 84.425D 21521001061902 16,708,692

(COVID‐19)ESSERIII(ARPAct) 84.425U 21528001061902 912,600

TotalALN84.425 17,737,519

InstructionalContinuity 84.377A 17610740061902 95,979

TitleIV‐Part

A,Subpart1 84.424A 20680101061902 14,186

TitleIV‐PartA,Subpart1 84.424A 21680101061902 334,290

2020‐2021AdditionalDaysSchoolYearPlan&Exec. 84.424A 206801067110006 144,929

TotalALN84.424 493,405

TotalU.S.DepartmentofEducation 38,355,355



148 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitK‐1

SCHEDULEOFEXPENDITURESOFFEDERALAWARDS Page2of2

FortheYearEndedAugust31,2021

FederalGrantor/ Federal Pass‐Through

Pass‐ThroughGrantor/ Federal EntityIdentifying Federal

ProgramorClusterTitle ALN Number Expenditures

U.S.DEPARTMENTOFTREASURY

PassedThroughTexasEducationAgency

(COVID‐19)CoronavirusReliefFundOperationConnectivityBulkPurchase

Program(RegionIV) 21.019

52202001

1,909,750

(COVID‐19)CoronavirusReliefFundOperationConnectivityLocalMatch 21.019 52202002 10,000

(COVID‐19)CoronavirusReliefFundPriorPurchaseReimbursement

Program 21.019 52202003 1,769,703

PassedthroughTexasDepartmentofEmergencyManagement

(COVID‐19)CoronavirusReliefFund 21.019 210 300,533

PassedthroughCityofTheColony

(COVID‐19)CoronavirusReliefFund 21.019 2020‐060 10,000

PassedthroughCityofLewisville

(COVID‐19)CoronavirusReliefFund 21.019 052621 150,000

TotalALN21.019 4,149,986

TotalU.S.DepartmentofTreasury 4,149,986

U.S.DepartmentofAgriculture

PassedThroughTexasDepartmentofAgriculture:

ChildandAdultCareFoodProgram(CACFP) 10.558 806780706 467,342

(COVID‐19)EmergencyOperationalCostReimbursementProgram‐

CACFP 10.558 806780706 42,037

TotalALN10.55

509,379

Non‐cashAssistance(Commodities):

NationalSchoolLunchProgram* 10.555 806780706 1,327,758

CashAssistance:

SummerFoodServiceProgram 10.559 806780706 13,566,842

PassedThroughTexasEducationAgency

CashAssistance:

SchoolBreakfastProgram 10.553 71402101 124,140

NationalSchoolLunchProgram(NSLP) 10.555 71302101 435,086

SeamlessSummerOptionBreakfast 10.553 71402001 401,777

SeamlessSummerOptionLunch 10.555 71302001 1,802,573

(COVID‐19)EmergencyOperationalCostReimbursementProgram‐

NSL

10.555 806780706 853,074

TotalChildNutritionCluster(ALN10.553,10.555,&10.559) 18,511,250

TotalU.S.DepartmentofAgriculture 19,020,629

TotalExpendituresofFederalAwards 62,187,158$ 



 149 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT ExhibitK‐2

NOTESTOSCHEDULEOFEXPENDITURESOFFEDERALAWARDS



Note1‐BasisofAccounting



TheDistrictaccountsforallawardsunderfederalprogramsintheGeneraland SpecialRevenueFundsinaccordancewiththe

TexasEducationAgency'sFinancialAccountabilitySystemResourceGuide.Theseprogramsareaccountedfor

usingacurrent

financialresourcesmeasurementfocus.Withthismeasurementfocus,onlycurrentassetsandcurrentliabilitiesgenerally

areincludedonthebalancesheet.Operatingstatementsofthesefundspresentincreases(i.e.revenuesandotherfinancing

sources)anddecreases(i.e.expendituresandotherfinancinguses)innetcurrentassets.



The

 modified accrual basis of accounting is used for these funds.This basis of accounting recognizes revenues in the

accountingperiodinwhichtheybecomesusceptibletoaccrual,i.e.,bothmeasurableandavailable,andexpendituresinthe

accountingperiodinwhichtheliabilityisincurred,ifmeasurable,exceptforcertaincompensated

absencesandclaimsand

judgments,which arerecognizedwhen the obligationsareexpected tobeliquidated withexpendableavailable financial

resources.



Federalgrantfundsareconsideredtobeearnedtotheextentofexpendituresmadeundertheprovisionsofthegrant,and,

accordingly, when such amountsarereceived, theyare

recordedasunearned revenues untilearned.Generally,unused

balancesarereturnedtothegrantoratthecloseofspecifiedprojectperiods.TheDistricthaselectednottousethe10‐

percentdeminimisindirectcostrateallowedundertheUniformGuidance.



Note2‐BasisofPresentation



Theaccompanyingscheduleof

expendituresof federalawards(the“Schedule”) includes thefederalgrant activityofthe

DistrictunderprogramsofthefederalgovernmentfortheyearendedAugust31,2021.Theinformationinthisscheduleis

presentedinaccordancewiththerequirementsoftheOfficeofManagementandBudget(OMB)UniformGuidance.Because

theschedulepresentsonlyaselectedportionoftheoperationsoftheDistrict,itisnotintendedtoanddoesnotpresentthe

financialposition,changesinnetpositionorcashflowsoftheDistrict.



Note3‐ReconciliationtoBasicFinancialStatements



The following is a reconciliation of expenditures

of federalawards programpertheSchedule of ExpendituresofFederal

AwardsandfederalrevenuesreportedonExhibitC‐2:



FederalPr ogr amRe venues(ExhibitC‐2) 7 0,691,987$

SHARS (8,008,708)

InterestsubsidyonBuildAmeri caBonds (496,121)

Total Sc heduleofEx pendituresofFed eralAwa rds 6 2,187,158$



LEWISVILLEINDEPENDENTSCHOOLDISTRICT

NOTESTOSCHEDULEOFEXPENDITURESOFFEDERALAWARDS(continued)



 150 LewisvilleISD2021ACFR

Note4‐GeneralFundExpenditures



Federalawardsreportedinthegeneralfundaresummarizedasfollows:



JROTC 346,607$

ImpactAid 3,565,147

Fed eralFloodCon trolAl l ocation 300,129

InterestsubsidyonBuildAmeri caBonds 496,121

SHARS 8,008,708

Coronavirus ReliefFund‐CityofTheColonyma tch 10,000

Coronavirus ReliefFund‐TexasEducationAgencymatch 10,000

Coronavirus ReliefFund‐PPRP 764,343

Coronavirus ReliefFund‐TDEM 300,533

IndirectCosts:

ESSATi tleIPa r tA‐ImprovingBasicPrograms  191,687



ESSATi tleIFOCUS‐SchoolImprovement 9,117

CarlD.Per kins BasicFormula 16,179

Titl eII,Pa r tA 24,097

Titl eIII,Pa r tA‐ELA 27,804

Titl eIII,Pa r tA‐Immi grant 5,219

ESSERI(CARESAct) 111,185

InstructionalContinuity 3,82 0

ESSERII(CRRSAAct) 2,071,799

ESSERIII(ARPAct) 103,565

Titl eIV‐Par tA,Subpar t1 13,861

16,379,921$



 151 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT

SUMMARYSCHEDULEOFPRIORAUDITFINDINGS

FortheYearEndedAugust31,2021



Federalregulations,Title2U.S.CodeofFederalRegulationsSection200.511states,“Theauditeeisresponsibleforfollow‐up

andcorrectiveactiononallauditfindings.Aspartofthisresponsibility,theauditeemustprepareasummary

scheduleof

priorauditfindings.”Thesummaryscheduleofpriorauditfindingsmustreportthestatusofthefollowing:



 Allauditfindingsincludedintheprioraudit’sscheduleoffindingsandquestionedcostsand

 Allauditfindingsreportedintheprioraudit’ssummaryscheduleofpriorauditfindings

exceptauditfindingslistedas

corrected.



I. PriorAuditFindings



NoneNoted



 152 LewisvilleISD2021ACFR

LEWISVILLEINDEPENDENTSCHOOLDISTRICT

CORRECTIVEACTIONPLAN

FortheYearEndedAugust31,2021



Federalregulations,Title2U.S.CodeofFederalRegulations§200.511states,“Atthecompletionoftheaudit,theauditee

mustprepare,inadocumentseparatefromtheauditor'sfindingsdescribedin§200.516Auditfindings,acorrectiveaction

plantoaddress

eachauditfindingincludedinthecurrentyearauditor'sreports.”



I. CorrectiveActionPlan



NotApplicable