A N N U A L Texas Prepaid Higher Education Tuition Program .
ANNUALTe x a s P r e p a i d H i g h e r E d u c a t i o n Tu i t i o n P r o g r a mREPORTTe x a s C o m p t r o l l e r G l e n n H e g a r, C h a i r2014
Texas Prepaid Higher Education Tuition ProgramANNUALREPORT2014TEXAS GUARANTEED TUITION PLANM A T C HT H EP R O M I S EF O U N D A T I O NM a t c hT h e P r o m i s e . o r g
ii2014 ANNUAL REPORT – Texas Prepaid Higher Education Tuition Program
TA B L E O F CO N T E N TST H I S R E P O R T C O N S O L I D AT E S VA R I O U S A N N U A L R E P O R T S I N TO O N E D O C U M E N TPROGRAM SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Cumulative Enrollment Data for the Texas Guaranteed Tuition Plan, 1996-2003 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Cumulative Enrollment Data for the Texas Tuition Promise Fund 2008-2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .137TEXAS PREPAID HIGHER EDUCATION TUITION BOARD, ANNUAL REPORT – YEAR ENDED AUGUST 31, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . .Independent Auditor’s Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Management’s Discussion and Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Statement of Net Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Combining Statement of Net Position – Enterprise Funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Statement of Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Combining Statement of Activities – Enterprise Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Combined Statement of Cash Flows – Enterprise Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Combining Statement of Cash Flows – Enterprise Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Statement of Fiduciary Net Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Statement of Changes in Fiduciary Net Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Combined Statement of Net Position – Discretely Presented Component Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Combining Statement of Net Position – Discretely Presented Component Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Combined Statement of Activities – Discretely Presented Component Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Combining Statement of Activities – Discretely Presented Component Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Notes to the Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Basedon an Audit of Financial Statements Performed in Accordance With Government Auditing Standards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1319233334363739404243444546475175TEXAS GUARANTEED TUITION PLAN, ACTUARY’S REPORT ON PROGRAM SOUNDNESS – AUGUST 31, 2014. . . . . . . . . . . . . . . . . . . . . . . . . . . .79Section I – Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .83Section II – Summary of Contract Data and Current Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .86Section III – Plan Description . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .89Section IV – Actuarial Methods and Assumptions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .91Section V – Soundness of the Plan as of August 31, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .94Section VI – Sensitivity Testing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .99Section VII – Changes in Surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100Appendix A – Active Contract Counts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102Appendix B – Matriculation Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104TEXAS TUITION PROMISE FUND , ACTUARY’S REPORT ON PROGRAM SOUNDNESS – AUGUST 31, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section I – Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section II – Summary of Contract Data and Current Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section III – Plan Description . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section IV – Actuarial Methods and Assumptions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section V – Soundness of the Plan as of August 31, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section VI – Sensitivity Testing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Appendix A – Active Contract Counts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Appendix B – Tuition and Fee Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .115119123127130132137138142TEXAS GUARANTEED TUITION PLAN FUND INVESTMENT INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .149Texas Prepaid Higher Education Tuition Program – ANNUAL REPORT 2014iii
iv2014 ANNUAL REPORT – Texas Prepaid Higher Education Tuition Program
PROGRAMSUMMARYTEXAS GUARANTEED TUITION PLAN
22014 ANNUAL REPORT – Texas Prepaid Higher Education Tuition Program
PROGRAM SUMMARYC U M U L AT I V E E N R O L L M E N T D ATAFOR THE TEXAS GUARANTEED TUITION PLAN,1996-2003The Texas Guaranteed Tuition Plan opened for enrollment in 1996. It was closed to newenrollment in June 2003. Approximately 72,055 of the 158,442 contracts sold were active atAugust 31, 2014.CONTRACT SUMMARYType of College Plan PurchasedThe senior college plan is the most popular tuition plan purchased,consisting of more than 84 percent of the contracts.Senior College PlanJunior-Senior College Plan133,70484.38%14,9359.43%Junior College Plan6,7214.24%Private College Plan3,0821.95%158,442100.00%TotalPayment Option SelectedThe payment option chosen most often is monthly until matriculation at 34 percent, followed by lump sum at 28 percent.Monthly Until Matriculation54,48534.39%Lump Sum44,80628.28%Monthly for Ten Years22,33214.09%Monthly for Five Years20,33812.84%Annual Payments16,48110.40%158,442100.00%TotalMonthly Payment Method SelectedThe most popular monthly payment method selected is the couponbooklet at 54 percent, followed by lump sum payments at 28 percent.Coupon Booklet84,86453.56%Lump Sum Payments44,80628.28%Automatic Bank Draft12,2917.76%Annual PaymentsTotal16,48110.40%158,442100.00%Texas Prepaid Higher Education Tuition Program – ANNUAL REPORT 20143
PROGRAM SUMMARYAge or Grade Level of BeneficiaryNewborns and children under one year of age represent the largestgroups for whom contracts have been purchased at nearly 18 percent.Newborn13,9038.78%0 Year14,4889.14%1 Year9,8466.21%2 Years8,6515.46%3 Years8,2155.18%4 YearsKindergartenFirst GradeSecond rd Grade9,6566.09%Fourth Grade9,6926.12%Fifth Grade9,7876.18%Sixth Grade9,2935.87%Seventh Grade8,4975.36%Eighth Grade7,0034.42%Ninth Grade5,0353.18%Tenth Grade3,0111.90%Eleventh Grade1,7201.09%Twelfth GradeTotal1,0150.64%158,442100.00%Beneficiary’s Relationship to Purchaser78 percent of contracts are purchased by the parents of the child, followedby grandparents at 10 percent.ChildGrandchildOtherGreat GrandchildNot Reported by 990.25%14,8399.37%158,442100.00%Counties with Largest Volume of ContractsThe largest number of contracts (14 percent) is purchased in Harris ,0375.07%Denton4,9243.11%82,74152.22%Total42014 ANNUAL REPORT – Texas Prepaid Higher Education Tuition Program
PROGRAM SUMMARYOPTIONAL INFORMATION AS PROVIDED BY THE PURCHASERAt the time the applications were submitted between 1996 and 2003, the following informationwas requested on a voluntary basis. “Not Reported by Purchaser” indicates that the Purchaserchose not to report the information.Annual Family Household IncomeFamilies with incomes from 50,000 to 75,000 purchased the largestsingle volume of contracts by income group at 18 percent. Families withincomes from less than 20,000 up to 50,000 purchased nearly 17 percent of the contracts. Some 38 percent of respondents did not elect toreport family income.Less than 20,0002,0681.31% 20,000 to 29,9995,0033.16% 30,000 to 39,9998,1415.14% 40,000 to 49,99910,9586.92% 50,000 to 74,99928,47817.97% 75,000 to 100,00025,42316.05%Over 100,00018,76511.84%Not Reported by y’s EthnicityA total of 81,766 (52 percent) of the beneficiaries are 42100.00%Not Reported by PurchaserTotalEducation Level of PurchaserNearly 29 percent of those that reported information related to educationlevels had a bachelor’s degree, 13 percent had a master’s degree and 13%had a high school diploma.Bachelor’s Degree44,84828.31%Master’s Degree20,56912.98%High School Graduate19,83412.52%Associate Degree10,3756.55%Other3,5962.27%Doctorate Degree9,1915.80%Not Reported by PurchaserTotal50,02931.57%158,442100.00%Texas Prepaid Higher Education Tuition Program – ANNUAL REPORT 20145
PROGRAM SUMMARY62014 ANNUAL REPORT – Texas Prepaid Higher Education Tuition Program
PROGRAM SUMMARYC U M U L AT I V E E N R O L L M E N T D ATAF O R T H E T E X A S T U I T I O N P R O M I S E F U N D The Texas Tuition Promise Fund , the state’s new prepaid tuition plan, opened for enrollmentin 2008. The plan is open for enrollment annually between September 1 and February 28/29.Approximately 27,857 contracts had been sold as of August 31, 2014.CONTRACT SUMMARYType of College Plan PurchasedType I units are the most popular type plan. Type I units pay tuition andrequired fees at up to the most expensive Texas public 4-year college oruniversity. Type II units pay the weighted average tuition and requiredfees at Texas public 4-year colleges and universities. Type III units pay theweighted average tuition and required fees at Texas public 2-year colleges.Type I Units16,72360%Type II Units9,39434%Type III Units1,7406%27,857100%TotalPayment Option SelectedThe Pay-As-You-Go payment option is chosen most often. The Pay-AsYou-Go payment option allows individuals to pay as much as they like,whenever they like after establishing an account with a minimum of oneunit and subsequent payment amounts of each least 15.Lump 2%Total27,857100%Beneficiary’s Relationship to PurchaserThe majority of the contracts are bought for the purchaser’s child.Child86%Texas Prepaid Higher Education Tuition Program – ANNUAL REPORT 2014Grandchild, 9%Other, 5%7
PROGRAM SUMMARYAge of BeneficiaryThe majority of contracts were purchased for beneficiaries less than 1 year of age.Less Than 1 Year4,77317%1 Year1,8157%2 Years1,7246%3 Years1,7776%4 Years1,8147%5 Years1,7016%6 Years1,6456%7 Years1,7536%8 Years1,6616%9 Years1,6186%10 Years1,5376%11 Years1,5926%12 Years1,3805%13 Years1,2194%14 Years9503%15 Years5392%16 Years2091%17 Years59–18 Years9–Over 18 s with Largest Volume of ContractsThe top ten counties purchasing contracts are listedbelow. Sales of contracts in those counties represents64% of the contracts s1,8727%Tarrant1,6516%Fort 84%Montgomery85452%All Other10,29336%Total27,857100.0%2014 ANNUAL REPORT – Texas Prepaid Higher Education Tuition Program
PROGRAM SUMMARYOPTIONAL INFORMATION AS PROVIDED BY THE PURCHASERAt the time the applications are submitted, purchasers are asked to provide the following information on a voluntary basis. Not Reported by Purchaser indicates that the purchaser did not reportthe information.Annual Family Household IncomeUnder 50,0005% 50,001- 75,00011% 75,001- 100,00019%Over 100,00055%Not Reported by Purchaser10%Total100.0%Beneficiary’s c13%Native-American–Other4%Not Reported by PurchaserTotal9%100.0%Education Level of PurchaserHigh School Graduate2%Some College7%Associate Degree4%Bachelor’s Degree39%Master’s Degree28%Doctorate12%Not Reported by PurchaserTotalTexas Prepaid Higher Education Tuition Program – ANNUAL REPORT 20148%100.0%9
102014 ANNUAL REPORT – Texas Prepaid Higher Education Tuition Program
ANNUALREPORTTEXAS GUARANTEED TUITION PLANM A T C HT H EP R O M I S EF O U N D A T I O NM a t c hT h e P r o m i s e . o r g
122014 ANNUAL REPORT – Texas Prepaid Higher Education Tuition Program
Pages from the Texas Prepaid Higher Education Tuition Board – ANNUAL REPORT – Year Ended August 31, 2014Texas Prepaid Higher EducationTuition Board (315)Annual ReportFor the Fiscal Year Ended August 31, 2014Texas Prepaid Higher Education Tuition Program – ANNUAL REPORT 201413
Pages from the Texas Prepaid Higher Education Tuition Board – ANNUAL REPORT – Year Ended August 31, 2014 (continued)142014 ANNUAL REPORT – Texas Prepaid Higher Education Tuition Program
Pages from the Texas Prepaid Higher Education Tuition Board – ANNUAL REPORT – Year Ended August 31, 2014 (continued)Texas Prepaid Higher Education Tuition Board (315)Annual ReportFor the Fiscal Year Ended August 31, 2014TABLE OF CONTENTSIndependent Auditor’s Report . 1Management’s Discussion and A
Texas Comptroller Glenn Hegar, Chair. MA T C H TE P R OMISE M atchThePr omise .org FOUND A TION TEAS GUARANTEED TUITION PLAN Texas Prepaid Higher Education Tuition Program. ANNUAL . REPORT. 2014. ii 2014 ANNUAL REPORT Texas Prepaid Higher Education Tuition Program.
akuntansi musyarakah (sak no 106) Ayat tentang Musyarakah (Q.S. 39; 29) لًََّز ãَ åِاَ óِ îَخظَْ ó Þَْ ë Þٍجُزَِ ß ا äًَّ àَط لًَّجُرَ íَ åَ îظُِ Ûاَش
Collectively make tawbah to Allāh S so that you may acquire falāḥ [of this world and the Hereafter]. (24:31) The one who repents also becomes the beloved of Allāh S, Âَْ Èِﺑاﻮَّﺘﻟاَّﺐُّ ßُِ çﻪَّٰﻠﻟانَّاِ Verily, Allāh S loves those who are most repenting. (2:22
physiquement un additif alimentaire sans modifier sa fonction technologique (et sans avoir elles-mêmes de rôle technologique) afin de faciliter son maniement, son application ou son utilisation . Exemples . Conclusion Les additifs alimentaires sont présents partout dans notre alimentation . Attention à ne pas minimiser leurs impacts sur la santé . Title: Les Additifs Alimentaires Author .
Acceptance testing for AngularJS is done via the Protractor tool, which is a framework developed by the team behind AngularJS. It is worth noting that Protractor uses by default Jasmine as the testing framework and it was not until recently that CucumberJS was integrated to Protractor. You should also be aware of the fact that CucumberJS does not cover all the features provided by the standard .
Department of Plant Biology, University of Newcastle upon Tyne, Newcastle upon Tyne, NEl 7RU, United Kingdom ABSTRACT: 200 taxa of algae were recovered from cultures of 24 "terres trial" and "hydro-terrestrialll soil and vegetation samples from Glerar dalur, northern Iceland. 22 of the samples were collected at heights of between 500 and 1300 m. The algae were divided between the classes .
Assessment Blocks Blueprint as of December 2020 1 . English Language Arts/Literacy Focused Interim Assessment Blocks . Blueprint. as of December 2020 . The Smarter Balanced Focused Interim Assessment Blocks (FIABs) are one type of interim assessment being made available by the Consortium; the other types are the Interim Comprehensive Assessment (ICAs) which are similar in structure and follow .
Questions about the certification Questions via chat platform. Certification Board for Professionals in Patient Safety Patricia McGaffigan, RN, MS, CPPS Chief Operating Officer and Senior VP Program Strategy National Patient Safety Foundation 4. Certification Board for Professionals in Patient Safety Background/History of Exam The National Patient Safety Foundation started the development .
language and communication skills. The strategies you should provide for all children will also support children learning EAL: All children are entitled to equal access to the whole curriculum. Learning and using more than one language is an asset, and is a learning opportunity for both children and adults in the setting.
