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DATE: 06/29/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 001
TIME: 14:51:22                                           2005 ISD SUMMARY WORKSHEET                                 REPT: PTS265
                                                              074/Fannin                                            VRSN: W
                                                        074-909/Leonard ISD

____________________________________________________________________________________________________________________________________

                                        LOCAL TAX             2005 WTD                     2005 PTD                2005 VALUE
CATEGORY                               ROLL VALUE           MEAN RATIO               VALUE ESTIMATE                  ASSIGNED
________                      ___________________           __________          ___________________             _____________

A.  SINGLE-FAMILY RESIDENCES           46,585,425                .9213                   50,564,881                46,585,425

B.  MULTIFAMILY RESIDENCES                953,160                   **                      953,160                   953,160

C.  VACANT LOTS                           585,220                   **                      585,220                   585,220

D.  RURAL REAL(TAXABLE)                46,344,729                .9668                   47,937,908                46,344,729

F1. COMMERCIAL REAL                     6,667,680                .8295                    8,038,192                 6,667,680

F2. INDUSTRIAL REAL                       341,340                   **                      341,340                   341,340

G.  OIL,GAS,MINERALS                            0                   **                            0                         0

J.  UTILITIES                           4,898,550                   **                    4,898,550                 4,898,550

L1. COMMERCIAL PERSONAL                 5,349,330                   **                    5,349,330                 5,349,330

L2. INDUSTRIAL PERSONAL                 1,294,180                   **                    1,294,180                 1,294,180

M.  MOBILE HOMES                          587,230                   **                      587,230                   587,230

N.  INTANGIBLE PERS/UNCERT                      0                   **                            0                         0

O.  RESIDENTIAL INVENTORY                       0                   **                            0                         0

S.  SPECIAL INVENTORY                           0                   **                            0                         0
                              ___________________                               ___________________       ___________________

SUBTOTAL                              113,606,844                                       120,549,991               113,606,844

LESS TOTAL DEDUCTIONS                  20,279,796                                        21,880,004                20,279,796
                              ___________________                               ___________________       ___________________

TOTAL TAXABLE VALUE                    93,327,048                                        98,669,987                93,327,048 T2*

                                                                                 * THIS DISTRICT IS IN YEAR 1 OF THE GRACE PERIOD.
____________________________________________________________________________________________________________________________________

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

HOMESTEAD & VETS       15,487,386         15,487,386    MKT VALUE NON-QUAL

CAP VALUE LOSS            698,457            758,121    ACRES & FRM/RNCH IMPRV           43,223,825          .9918        43,581,191

OVER 65 FREZ LOSS       4,093,953          5,634,497    PROD VAL QUAL ACRES               3,120,904          .7163         4,356,717

ALL OTHER                       0                  0
                  _______________    _______________                                _______________                  _______________

TOTAL DEDUCTIONS       20,279,796         21,880,004    TOTAL TAXABLE VALUE              46,344,729                       47,937,908
DATE: 06/29/2006                         COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                     PAGE: 002
TIME: 14:51:22                                           2005 FINAL VALUES WORKSHEET                                REPT: PTS265
                                                              074/Fannin                                            VRSN: W
                                                        074-909/Leonard 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
___________________  ___________________  ___________________  ____________________   ____________________    ___________________
      101,684,844              8,357,796        93,327,048                       0          101,684,844             93,327,048

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 INVALID, BUT LOCAL VALUE WAS CERTIFIED BECAUSE YOUR SCHOOL DISTRICT IS IN
YEAR ONE/TWO OF A GRACE PERIOD.

                                                      **** END  OF  REPORT ****