RULE 15c2-12FILING COVER SHEET

This cover sheet is sent with all submissions to the Municipal Securities Rulemaking Board (the

Nationally Recognized Municipal Securities Information Repository) and any applicable State

Information Depository pursuant to Securities and Exchange Commission (SEC) Rule 15c2-12 or any

analogous state statute.

Issuer Name: Dallas County Community College District

R

ULE

15c2-12 F

ILING

C

OVER

S

HEET

Issue(s):

$

211,975,000 General Obligation Refunding and Improvement Bonds, Series 2008

$

102,985,000 General Obligation Bonds, Series 2009

$

47,060,000 General Obligation Bonds, Series 2010

$

49,290,000 General Obligation Refunding Bonds, Series 2010

Filing Format X electronic ___ paper; If available on the Internet, give URL:_______________

CUSIP Numbers to which the information filed relates (optional):

X Nine-digit number(s) (see following page(s)):

___ Six-digit number if information filed relates to all securities of the issuer

Signature:

Name:

Employer:

Voice Telephone Number:

Email Address:

John Robertson

Dallas County Community College District

jrobertson@dcccd.edu

Title:Associate Vice Chancellor of Business Affairs

* * *

I hereby represent that I am authorized by the issuer or its agent to distribute this information publicly:

(972) 860-7710

* * *

Financial & Operating Data Disclosure Information

X Annual Financial Report or CAFR

X Financial Information & Operating Data

___ Other (describe)

___ Monthly ___ Quarterly X Annual ___Other:

D

ESCRIPTION

O

F

I

SSUES

C

OVERED

B

Y

T

HIS

R

EPORT

General Obligation Refunding and Improvement Bonds, Series 2008

Date

Principal

CUSIP

02/15/15

$

8,555,000

234685 GY5

02/15/16

8,950,000

234685 GZ2

02/15/17

9,410,000

234685 HA6

02/15/18

9,890,000

234685 HB4

02/15/19

10,400,000

234685 HC2

02/15/20

10,930,000

234685 HD0

02/15/21

11,495,000

234685 HE8

02/15/22

12,080,000

234685 HF5

02/15/23

12,700,000

234685 HG3

02/15/24

13,350,000

234685 HH1

02/15/25

14,035,000

234685 HJ7

02/15/26

14,760,000

234685 HK4

02/15/27

15,515,000

234685 HL2

02/15/28

16,315,000

234685 HM0

$

168,385,000

General Obligation Bonds, Series 2009

Date

Principal

CUSIP

02/15/15

$

4,045,000

234685 HV0

02/15/16

4,230,000

234685 HW8

02/15/17

4,425,000

234685 HX6

02/15/18

4,630,000

234685 HY4

02/15/19

4,845,000

234685 HZ1

02/15/20

5,065,000

234685 JA4

02/15/21

5,325,000

234685 JB2

02/15/22

5,600,000

234685 JC0

02/15/23

5,885,000

234685 JD8

02/15/24

6,190,000

234685 JE6

02/15/25

6,505,000

234685 JF3

02/15/26

6,840,000

234685 JG1

02/15/27

7,190,000

234685 JH9

02/15/28

7,560,000

234685 JJ5

02/15/29

7,945,000

234685 JK2

$

86,280,000

General Obligation Bonds, Series 2010

Date

Principal

CUSIP

02/15/15

$

1,780,000

234685 JQ9

02/15/16

1,860,000

234685 JR7

02/15/17

1,945,000

234685 JS5

02/15/18

2,035,000

234685 JT3

02/15/19

2,130,000

234685 JU0

02/15/20

2,225,000

234685 JV8

02/15/21

2,340,000

234685 JW6

02/15/22

2,460,000

234685 JX4

02/15/23

2,590,000

234685 JY2

02/15/24

2,720,000

234685 JZ9

02/15/25

2,845,000

234685 KA2

02/15/26

2,975,000

234685 KB0

02/15/27

3,130,000

234685 KC8

02/15/28

3,290,000

234685 KD6

02/15/29

3,440,000

234685 KE4

02/15/30

3,585,000

234685 KF1

$

41,350,000

General Obligation Refunding Bonds, Series 2010

Date

Principal

CUSIP

02/15/15

$

3,145,000

234685 KJ3

02/15/16

3,255,000

234685 KK0

02/15/17

3,380,000

234685 KL8

02/15/18

3,520,000

234685 KM6

02/15/19

3,670,000

234685 KN4

02/15/20

3,840,000

234685 KP9

02/15/21

4,025,000

234685 KQ7

02/15/22

4,235,000

234685 KR5

02/15/23

4,445,000

234685 KS3

02/15/24

4,680,000

234685 KT1

02/15/25

4,825,000

234685 KU8

$

43,020,000

ONTINUING

ISCLOSURE

EPORT

OR

HE

ISCAL

EAR

NDED

UGUST

F

INANCIAL

S

TATEMENTS

The audited financial statements for the District for the fiscal year ended August 31, 2013 are being

separately filed directly with the Nationally Recognized Municipal Securities Information Repository

and any applicable State Information Depository, and are hereby incorporated by reference into this

Annual Continuing Disclosure Report.

S

IGNATURE

O

F

I

SSUER

The information set forth herein has been obtained from the District and other sources believed to be

reliable, but such information is not guaranteed as to accuracy or completeness and is not to be

construed as a promise or guarantee. This Annual Continuing Disclosure Report may contain, in part,

estimates and matters of opinion which are not intended as statements of fact, and no representation is

made as to the correctness of such estimates and opinions, or that they will be realized.

The

information and expressions of opinion contained herein are subject to change without notice, and the

delivery of this Annual Continuing Disclosure Report will not, under any circumstances, create any

implication that there has been no change in the affairs of the District or other matters described.

John Robertson

Associate Vice Chancellor of Business Affairs

Date

DALLAS COUNTY COMMUNITY COLLEGE DISTRICT

C

ERTIFICATE

O

F

S

UBMISSION

O

F

A

NNUAL

R

EPORT

Subject to the continuing disclosure requirements of SEC Rule 15c2-12, this Annual Continuing

Disclosure Report for the Dallas County Community College District with respect to the issues listed

on the report cover was submitted directly to the National Recognized Municipal Securities Information

Repository (“NRMSIR”) listed below as well as to any applicable State Information Depository

(“SID”).

NRMSIR

Municipal Securities Rulemaking Board ("MSRB")

via the Electronic Municipal Market Access ("EMMA") system

First Southwest Company

Signed by:

/s/ Brandon Scott

1

D

ALLAS

C

OUNTY

C

OMMUNITY

C

OLLEGE

D

ISTRICT

2014

G

ENERAL

O

BLIGATION

R

EPORT

T

ABLE

1

-

V

ALUATION

,

E

XEMPTIONS AND

T

AX

S

UPPORTED

D

EBT

2013/14 Market Valuation Established by Dallas Central Appraisal District $ 195,367,492,780

(less totally exempt property)

Less Exemptions/Reductions at 100% Market Value:

Homestead Local Option $ 15,193,417,681

Over 65 and Disabled 5,947,997,239

Disabled Veterans Exemptions 174,268,502

Pollution Control 20,437,252

Capped Value Loss 272,830,010

Totally Exempt 29,228,336

Agriculture Loss 801,941,979

Low-Income Housing 3,254,120 22,443,375,119

2013/14 Taxable Assessed Valuation $ 172,924,117,661

Debt Payable from Ad Valorem Taxes (as of 12/1/13)

Debt Payable from Debt Service Tax Rate $ 355,880,000

Debt Payable from Maintenance & Operations Tax Rate 2,170,000

2013/14 Net General Purpose Funded Debt Payable from Ad Valorem Taxes $ 358,050,000

Ratio Net General Obligation Tax Debt to Market Valuation 0.21%

2014 Estimated Population - 2,460,000 Per Capita Taxable Assessed Valuation - $70,294

Per Capita Net General Obligation Debt Payable from Ad Valorem Taxes - $146

2

T

ABLE

2

-

T

AXABLE

A

SSESSED

V

ALUATIONS BY

C

ATEGORY

2014 2013

%of %of %of

Category Amount Total Amount Total Amount Total

Real, Residential, Single-Family $96,165,943,990 49.22% $94,729,196,220 50.39% $95,807,008,720 51.66% Real, Residential, Multi-Family 16,957,580,910 8.68% 14,765,095,620 7.85% 13,414,002,700 7.23% Real, Vacant Lots/Tracts 4,125,930,670 2.11% 3,901,124,020 2.08% 4,240,739,270 2.29% Real, Acreage (Land Only) 755,247,260 0.39% 802,646,510 0.43% 795,780,490 0.43% Real, Farm and Ranch Improvements 92,560,110 0.05% 74,984,770 0.04% 82,063,210 0.04% Real, Commercial 43,973,373,600 22.51% 41,838,853,000 22.26% 40,479,756,890 21.83% Real, Industrial 1,181,505,150 0.60% 1,115,969,440 0.59% 1,110,812,600 0.60% Oil, Gas and Mineral Reserves 8,460,430 0.00% 24,749,010 0.01% 35,465,420 0.02% Real and Tangible Personal, Utilities 3,050,623,150 1.56% 3,019,322,760 1.61% 2,980,362,180 1.61% Tangible Personal, Commercial 21,958,504,050 11.24% 21,074,161,010 11.21% 20,099,471,810 10.84% Tangible Personal, Industrial 6,437,143,690 3.29% 6,038,440,550 3.21% 5,850,805,380 3.16% Tangible Personal, Other 8,130,530 0.00% 7,129,150 0.00% 6,612,300 0.00% Tangible Personal, Mobile Homes 94,320,860 0.05% 93,400,950 0.05% 95,102,470 0.05% Special Inventory 558,168,380 0.29% 498,215,100 0.27% 444,636,400 0.24% Total Appraised Value Before Exemptions $195,367,492,780 100.00% $187,983,288,110 100.00% $185,442,619,840 100.00% Less: Total Exemptions 22,443,375,119 22,229,969,824 22,874,467,145

Total Assessed Value $172,924,117,661 $165,753,318,286 $162,568,152,695

2011 2010

%of %of

Category Amount Total Amount Total

Real, Residential, Single-Family $97,285,017,770 51.77% $99,475,124,640 46.64% Real, Residential, Multi-Family 13,064,868,820 6.95% 14,950,960,170 7.01% Real, Vacant Lots/Tracts 4,522,719,040 2.41% 8,576,290,100 4.02% Real, Acreage (Land Only) 819,690,210 0.44% 1,229,865,110 0.58% Real, Farm and Ranch Improvements 80,487,470 0.04% 81,251,610 0.04% Real, Commercial 41,792,829,430 22.24% 56,637,008,020 26.56% Real, Industrial 1,132,062,910 0.60% 1,230,232,160 0.58% Oil, Gas and Mineral Reserves 21,335,970 0.01% 41,685,150 0.02% Real and Tangible Personal, Utilities 2,989,902,900 1.59% 3,136,836,460 1.47% Tangible Personal, Commercial 19,756,627,910 10.51% 20,785,951,990 9.75% Tangible Personal, Industrial 5,918,509,820 3.15% 6,508,369,050 3.05% Tangible Personal, Other 6,612,300 0.00% - 0.00% Tangible Personal, Mobile Homes 98,254,230 0.05% 92,266,200 0.04% Special Inventory 426,697,620 0.23% 521,114,770 0.24% Total Appraised Value Before Exemptions $187,915,616,400 100.00% $213,266,955,430 100.00% Less: Total Exemptions 22,851,243,027 40,831,105,792

Total Asssesed Value $165,064,373,373 $172,435,849,638 Taxable Appraised Value for Fiscal Year Ended August 31,

Taxable Appraised Value for Fiscal Year Ended August 31, 2012

3

T

ABLE

3

-

V

ALUATION AND

T

AX

S

UPPORTED

D

EBT

H

ISTORY

Ratio Funded

Fiscal Taxable Funded Debt Debt to

Year Taxable Assessed Outstanding Taxable Funded

Ended Estimated Assessed Valuation at End Assessed Debt

8/31 Population (1) Valuation (2) Per Capita of Year (3) Valuation Per Capita

2010 2,451,730 $ 172,435,849,638 $ 70,332 $ 417,385,000 0.24% $ 170

2011 2,492,850 165,064,373,373 66,215 396,140,000 0.24% 159

2012 2,500,000 162,568,152,695 65,027 374,265,000 0.23% 150

2013 2,500,000 165,753,318,286 66,301 355,880,000 0.21% 142

2014 2,460,000 172,924,117,661 70,294 339,035,000 (4) 0.20% (4) 138 (4)

(1) Source: North Central Texas Council of Governments.

(2) As reported by the Dallas Central Appraisal District on District’s annual State Property Tax Board Reports; subject to change during the ensuing year.

(3) Includes debt payable from maintenance and operations taxes. (4) Projected.

T

ABLE

4

-

T

AX

R

ATE

,

L

EVY AND

C

OLLECTION

H

ISTORY

Fiscal Interest

Year and

Ended Tax General Sinking % Current % Total

8/31 Rate Fund Fund Tax Levy(1) Collections Collections

2010 $ 0.09490 $ 0.07780 $ 0.01710 $ 163,869,241 98.56% 99.10%

2011 0.09923 0.07780 0.02143 163,180,919 98.46% 98.46%

2012 0.09967 0.07890 0.02077 161,373,615 98.34% 100.17%

2013 0.11938 0.09861 0.02077 196,119,000 98.38%(2) 99.94%(2)

2014 0.12470 0.10400 0.02070 214,468,493 In the process of collection

(1) Based on audited figures for all years except 2014, which is calculated from the certified tax base. (2) Preliminary, subject to change.

T

ABLE

5

-

T

EN

L

ARGEST

T

AXPAYERS

2013/14 % of Total

Taxable Taxable

Assessed Assessed

Name of Taxpayer Nature of Property Valuation Valuation

Oncor Elecric Delivery Electric Companies $ 1,323,683,660 0.77%

Aviall Inc. Commercial BPP 968,998,720 0.56%

AT&T/Southwestern Bell Telephone Co. Telephone Companies 604,294,110 0.35%

Northpark Land Partners Commercial Improvements 582,500,000 0.34%

Southwest Airlines Commercial BPP 357,038,000 0.21%

Texas Instruments Commercial Improvements 300,004,150 0.17%

Galleria Mall Commercial Improvements 284,500,000 0.16%

Methodist Hospitals of Dallas Hospital 282,684,360 0.16%

Atmos Energy Mid Tex Gas Companies 272,938,360 0.16%

Crescent TC Investors Commercial Improvements 270,000,000 0.16%

5,246,641,360

4

T

ABLE

6

-

T

AX

A

DEQUACY

–

D

EBT

P

AYABLE FROM

D

EBT

S

ERVICE

T

AX

R

ATE

Unlimited Debt Service

Principal and Interest Requirements, 2014……… $ 33,558,319

$0.0201 Tax Rate at 97% Collection Produces ……… $ 33,715,015

Average Annual Principal and Interest Requirements, 2014-2030……… $ 29,624,072

$0.0177 Tax Rate at 97% Collection Produces ………..…$ 29,689,342

Maximum Annual Principal and Interest Requirements, 2019………$ 33,560,406

$0.0201 Tax Rate at 97% Collection Produces ……… $ 33,715,015

T

ABLE

8

-

T

AX

S

UPPORTED

D

EBT

S

ERVICE

R

EQUIREMENTS

Fiscal

Year Percent

Ended Outstanding Debt Service(1) of

8/31 Principal Interest Total Principal

2014 $ 16,845,000 $ 16,713,319 $ 33,558,319 2015 17,525,000 16,035,094 33,560,094 2016 18,295,000 15,259,494 33,554,494 2017 19,160,000 14,396,281 33,556,281 2018 20,075,000 13,481,756 33,556,756 25.82% 2019 21,045,000 12,515,406 33,560,406 2020 22,060,000 11,491,431 33,551,431 2021 23,185,000 10,369,906 33,554,906 2022 24,375,000 9,180,906 33,555,906 2023 25,620,000 7,931,031 33,551,031 58.50% 2024 26,940,000 6,617,031 33,557,031 2025 28,210,000 5,252,506 33,462,506 2026 24,575,000 3,947,106 28,522,106 2027 25,835,000 2,686,856 28,521,856 2028 27,165,000 1,361,856 28,526,856 95.79% 2029 11,385,000 415,306 11,800,306 2030 3,585,000 73,941 3,658,941 100.00% 355,880,000 $ $ 147,729,228 $ 503,609,228

(1) Represents debt service payable from the debt service portion of the District’s tax rate. Does not include lease/purchase obligations.

T

ABLE

9

-

I

NTEREST AND

S

INKING

F

UND

B

UDGET

P

ROJECTION

Tax Obligation Debt Service Requirements, Fiscal Year Ending 2014 $ 33,558,319

Interest and Sinking Fund Balance, August 31, 2013 $

-Transfer-In from Other Funds

-Budgeted Interest and Sinking Fund Tax Levy 34,643,134

Investment Earnings 6,000

Fees and Writeoffs (1,090,815) 33,558,319

Estimated Balance, Fiscal Year Ending 2014 $

-T

ABLE

10

-

A

UTHORIZED

B

UT

U

NISSUED

G

ENERAL

O

BLIGATION

B

ONDS

5

T

ABLE

11

–

O

THER

O

BLIGATIONS

Included in operating expenses is $760,388 of rent paid during fiscal year 2013.

Future minimum lease payments under non-cancelable operating leases having an initial term in excess of one year as of August 31, 2013 are as follows:

Fiscal Year Future

Ended Minimum

August 31, Lease Payments

2014 $ 241,309 2015 311,400 2016 325,569 2017 100,787 979,065 $

6

T

ABLE

12A

–

S

TATEMENTS OF

R

EVENUES

,

E

XPENSES AND

C

HANGES IN

N

ET

A

SSETS

2013 2012 2011 2010 2009 (1)

Operating Revenues: Tuition and Charges

Credit (net of discounts) $ 52,558,276 $ 50,360,931 $ 53,082,839 $ 52,184,889 $ 50,909,360 Non-Credit (net of discounts) 5,777,243 6,123,362 7,238,083 8,494,864 9,008,297 Other Sources:

Federal Grants and Contracts 15,671,391 15,696,087 20,307,272 21,675,227 18,842,353 State Grants and Contracts 8,577,835 7,913,679 6,680,684 7,733,013 7,236,934 Non-governmental Grants and Contracts 1,839,443 1,355,625 4,546,919 2,832,108 2,318,137 Sales and Services of Educational Activities 606,543 474,268 526,579 627,008 508,939 Auxiliary Enterprises -Other Services 4,520,913 5,072,071 5,163,347 5,408,863 5,576,146 Miscellaneous 1,501,922 1,858,210 1,901,831 2,240,074 1,642,434 Total Revenues $ 91,053,566 $ 88,854,233 $ 99,447,554 $ 101,196,046 $ 96,042,600 Operating Expenses Instruction 164,004,415 153,710,356 168,328,724 161,769,590 150,414,206 Public Service 12,392,471 11,122,463 12,191,195 13,502,908 13,954,101 Academic Support 18,153,947 16,480,410 19,988,006 20,064,645 19,363,342 Student Services 37,959,461 35,092,447 37,616,047 38,353,725 35,150,464 Institutional Support 67,357,381 61,815,128 69,729,069 72,466,072 67,196,381 Operation and Maintenance of Plant 33,201,432 33,104,936 38,843,816 38,718,617 32,999,568 Scholarships and Fellowships 68,820,441 71,173,456 72,414,788 61,103,659 33,143,575 Auxiliary Enterprises 8,399,456 8,770,977 10,216,128 10,389,098 9,538,990 Depreciation 29,337,838 26,166,959 25,982,044 22,986,128 18,530,152 Total Expenses 439,626,842 417,437,132 455,309,817 439,354,442 380,290,779 Operating Loss (348,573,276) (328,582,899) (355,862,263) (338,158,396) (284,248,179) Non-operating Revenues(Expenses) State Funds General Academic 53,297,890 59,309,479 53,536,217 55,787,977 57,857,465 Vocational/Technical 35,531,929 30,621,453 35,941,938 37,310,862 31,640,740 State Group Insurance 9,760,108 9,258,438 15,042,227 15,552,849 15,930,773 State Retirement Matching 5,753,262 5,508,443 10,116,107 10,124,917 9,813,928 Other 4,687,192 4,570,180 4,736,684 4,527,324 4,171,808 Taxes for Current Operations 190,553,282 156,741,112 158,309,361 159,137,404 153,057,043 Federal Revenue Non-operating 90,602,218 90,499,349 87,927,083 74,418,624 40,457,843 Private Gifts 114,713 498,928 148,556 83,299 779,475 Interest Income (4,051,823) 1,920,893 3,943,390 7,384,454 8,343,123 Gain on Sale of Investment 59,287 - 6,734 - 153,269 Contribution in Aid of Construction 242,463 - - - 75,157 Interest on Capital Related Debt (16,123,604) (16,862,201) (18,094,031) (16,507,721) (13,907,095) Loss on Disposal of Fixed assets (58,468) 49,489 (35,292) (1,040,680) (270,547) Accrual for Legal Expense - - - - Other Non-Operating Revenue 1,049,000 218,280 1,362,919 1,571,370 49,897 Other Non-Operating Expense (1,167,115) (740,596) (414,450) (419,536) (375,689) Total Net Non-Operating Revenues 370,250,334 341,593,247 352,527,443 347,931,143 307,777,190

Increase (Decrease) in Net Assets 21,677,058 13,010,348 (3,334,820) 9,772,747 23,529,011

Net Assets at Beginning of Year 469,928,377 456,918,029 460,252,849 450,480,102 426,951,091 Net Assets at End of Year $ 491,605,435 $ 469,928,377 $ 456,918,029 $ 460,252,849 $ 450,480,102

Fiscal Years Ending August 31,

(1) Reclassifications have been made for conformance with Fiscal 2009 presentation for Title IV scholarships to be reported as non-operating per new guidance from GASB.

7

Table 13 – Statements of Net Assets

2013 2012 2011 2010 2009

Assets: Current Assets

Cash and Cash Equivalents $ 10,361,356 $ 17,739,783 $ 45,743,218 $ 46,551,281 $ 15,398,650

Accounts Receivable (net) 36,771,009 42,015,250 42,099,808 38,144,527 30,531,698

Tuition and Fees Receivable (net) 10,509,489 8,988,006 11,528,291 9,219,830 8,316,552

Taxes Receivable (net) 1,519,817 1,424,378 1,597,336 2,125,427 1,604,990

Deferred Charges 32,316,987 38,061,801 34,315,707 27,277,008 23,751,867

Notes Receivable 9,778 17,143 19,375 49,404 53,456

Inventories 351,020 569,058 598,446 665,163 746,822

Prepaid Expenses 1,001,504 953,267 1,584,435 1,473,409 1,503,040

Total Current Assets $ 92,840,960 $ 109,768,686 $ 137,486,616 $ 125,506,049 $ 81,907,075

Noncurrent and Restricted Assets

Restricted Cash and Cash Equivalents $ 11,882,235 $ 17,469,388 $ 11,708,116 $ 247,358 $ 12,155,928

Long-term Investments 233,649,222 189,036,855.00 175,238,789 202,659,905 250,249,129

Deferred Charges 3,850,954.00 4,688,798.00 5,160,847 5,398,956 4,630,920

Capital Assets (net)

Not Subject to Depreciation 45,566,778.00 53,318,063.00 50,603,545 93,503,817 188,120,515

Subject to Depreciation 614,821,703 629,112,296 650,284,221 615,069,063 477,875,082

Total Noncurrent Assets $ 909,770,892 $ 893,625,400 $ 892,995,518 $ 916,879,099 $ 933,031,574

Total Assets $ 1,002,611,852 $ 1,003,394,086 $ 1,030,482,134 $ 1,042,385,148 $ 1,014,938,649 Liabilities: Current Liabilities Accounts Payable $ 25,283,985 $ 24,164,662 $ 27,434,705 $ 31,098,994 $ 49,788,640 Accrued Liabilities 5,131,511 6,447,485 15,356,841 5,618,523 4,948,220 Compensable Absences 7,280,491 7,539,627 8,673,803 6,929,658 6,521,019

Funds Held for Others 2,357,968 2,436,899 2,517,802 2,518,257 1,820,688

Deferred Revenues 76,506,415 77,404,687 76,295,498 63,748,440 55,800,236

Bonds Payable - Current Portion 20,624,121 22,165,567 27,886,053 25,940,339 22,588,467

Total Current Liabilities $ 137,184,491 $ 140,158,927 $ 158,164,702 $ 135,854,211 $ 141,467,270

Noncurrent Liabilities

Restricted Accrued Liabilities $ 741,257 $ 770,125 $ 808,235 $ 1,714,728 $ 2,179,480

Accrued Compensable Absences 3,220,183 2,052,050 1,940,994 4,027,133 4,050,572

Bonds Payable 369,860,486 390,484,607 412,650,174 440,536,227 416,761,225

Total Noncurrent Liabilities $ 373,821,926 $ 393,306,782 $ 415,399,403 $ 446,278,088 $ 422,991,277

Total Liabilities $ 511,006,417 $ 533,465,709 $ 573,564,105 $ 582,132,299 $ 564,458,547

Net Assets:

Invested in Capital Assets, Net of Related Debt $ 285,086,118 $ 286,715,359 $ 281,852,766 $ 265,612,880 $ 252,510,597

Restricted for:

Unexpended Bond Proceeds 2,144,864 1,166,043 3,037,934 6,068,463 6,689,882

Debt Service - (3,053,633) 2,789,849 5,833,807 5,018,095

Unrestricted 204,374,453 185,100,608 169,237,480 182,737,699 186,261,528

Total Net Assets $ 491,605,435 $ 469,928,377 $ 456,918,029 $ 460,252,849 $ 450,480,102

Fiscal Years Ending August 31,

Table 14 - Current Investments

8

Type of Security Portfolio % Fair Value

U.S. Agency Notes & Bonds 92.76% $ 233,649,222

TexPool 1.29% 3,252,332

TexSTAR 4.94% 12,455,289

LOGIC 1.01% 2,541,056