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DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 11:26:49                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              148/Lipscomb                                          VRSN: P

                                                        148-902/Follett ISD

____________________________________________________________________________________________________________________________________

                                        LOCAL TAX             2004 WTD                     2004 PTD                2004 VALUE
CATEGORY                               ROLL VALUE           MEAN RATIO               VALUE ESTIMATE                  ASSIGNED
________                      ___________________           __________          ___________________             _____________

A.  SINGLE-FAMILY RESIDENCES            6,286,815                .9028                    6,963,685                 6,286,815
B.  MULTIFAMILY RESIDENCES                      0                   **                            0                         0
C.  VACANT LOTS                            72,584                   **                       72,584                    72,584
D.  RURAL REAL(TAXABLE)                15,407,078                .7472                   20,619,345                15,407,078
F1. COMMERCIAL REAL                     1,224,175                   **                    1,224,175                 1,224,175
F2. INDUSTRIAL REAL                       336,349                   **                      336,349                   336,349
G.  OIL,GAS,MINERALS                  107,066,881               1.0198                  104,988,116               107,066,881
J.  UTILITIES                           7,354,896               1.0394                    7,076,098                 7,354,896
L1. COMMERCIAL PERSONAL                   735,899                   **                      735,899                   735,899
L2. INDUSTRIAL PERSONAL                   372,406                   **                      372,406                   372,406
M.  MOBILE HOMES                          190,672                   **                      190,672                   190,672
N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0
O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0
S.  SPECIAL INVENTORY                           0                   **                            0                         0
                              ___________________                               ___________________       ___________________

SUBTOTAL                              139,047,755                                       142,579,329               139,047,755

LESS TOTAL DEDUCTIONS                   4,037,256                                         4,316,500                 4,037,256
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                   135,010,499                                       138,262,829               135,010,499 T2
____________________________________________________________________________________________________________________________________

                   LOCAL REPORTED       PTD ESTIMATE                                 LOCAL TAX ROLL          RATIO         PTD VALUE
                   ______________       ____________                                 ______________                      ___________

HOMESTEAD & VETS        3,117,565          3,117,565    MKT VALUE NON-QUAL

CAP VALUE LOSS             33,225             36,802    ACRES & FRM/RNCH IMPRV            6,488,092          .7336         8,844,182

OVER 65 FREZ LOSS         886,466          1,162,133    PROD VAL QUAL ACRES               8,918,986          .7574        11,775,163

ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS        4,037,256          4,316,500    TOTAL TAXABLE VALUE              15,407,078                       20,619,345

DATE: 02/10/2005                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 11:26:49                                           2004 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              148/Lipscomb                                          VRSN: P
                                                        148-902/Follett ISD

____________________________________________________________________________________________________________________________________

SB4, PASSED BY THE 1999 LEGISLATURE, REQUIRES THE COMPTROLLER TO CERTIFY ALTERNATIVE MEASURES OF SCHOOL DISTRICT
WEALTH (T1, T3 AND T4) IN ADDITION TO THE TRADITIONAL MEASURE (T2).  QUESTIONS ABOUT THE EXTENT TO WHICH ANY OF
THESE WEALTH MEASURES AFFECT SCHOOL FUNDING SHOULD BE DIRECTED TO THE DIVISION OF STATE FUNDING AT  THE TEXAS
EDUCATION AGENCY, TELEPHONE #512-463-9238

                          LOSS TO                                 50% OF THE LOSS
                      THE ADDITIONAL                           TO THE LOCAL OPTIONAL
                     $10,000 HOMESTEAD                          PERCENTAGE HOMESTEAD
        T1                EXEMPTION               T2                 EXEMPTION                T3                     T4
___________________  ___________________  ___________________  ____________________   ____________________    ___________________

      136,574,785              1,564,286       135,010,499                       0          136,574,785            135,010,499

T1 = SCHOOL DISTRICT TAXABLE VALUE BEFORE THE LOSS TO THE ADDITIONAL $10,000 HOMESTEAD EXEMPTION
T2 = SCHOOL DISTRICT TAXABLE VALUE AFTER THE LOSS TO THE ADDITIONAL $10,000 HOMESTEAD EXEMPTION
T3 = T1 MINUS 50% OF THE LOSS TO THE LOCAL OPTIONAL PERCENTAGE HOMESTEAD EXEMPTION
T4 = T2 MINUS 50% OF THE LOSS TO THE LOCAL OPTIONAL PERCENTAGE HOMESTEAD EXEMPTION



THE PVS FOUND YOUR TAXABLE VALUE TO BE VALID, AND LOCAL VALUE WAS CERTIFIED.
                                                      **** END  OF  REPORT ****