DUBLIN CITY SCHOOL DISTRICT COMPREHENSIVE ANNUAL FINANCIAL ... CSD CAFR 2017.pdf · PDF...

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Transcript of DUBLIN CITY SCHOOL DISTRICT COMPREHENSIVE ANNUAL FINANCIAL ... CSD CAFR 2017.pdf · PDF...

  • FOR THE FISCAL YEAR ENDED JUNE 30, 20177030 COFFMAN ROAD DUBLIN, OHIO

    DUBLIN CITY SCHOOL DISTRICTCOMPREHENSIVE ANNUAL FINANCIAL REPORT

  • Comprehensive Annual Financial Report

    Dublin City School District Dublin, Ohio

    Fiscal Year Ended June 30, 2017

    Board of Education

    Lynn B. May, President

    Scott W. Melody, Vice President

    Stu W. Harris, Member

    Chris M. Valentine, Member

    Rick L. Weininger, Member

    Issued by the Treasurers Office

    Chris McDowell, Fiscal Coordinator

    Tyson Hodges, Assistant Treasurer

    Brian Kern, Treasurer/CFO

    i

  • Dublin City School District Board Of Education

    Lynn B. May President

    Scott W. Melody Vice President

    Stu W. Harris Member

    Chris M. Valentine Member

    Rick L. Weininger Member

    Dr. Todd Hoadley Superintendent

    Brian Kern Treasurer/CFO

    ii

  • Dublin City School District, Ohio

    Comprehensive Annual Financial Report

    For the Fiscal Year Ended June 30, 2017

    TABLE OF CONTENTS

    Page

    INTRODUCTORY SECTION

    Letter of Transmittal vii

    List of Principal Officials xv

    Organizational Chart xvi

    GFOA Certificate of Achievement for Excellence in Financial Reporting xvii

    ASBO Certificate of Excellence in Financial Reporting xviii

    FINANCIAL SECTION

    Independent Auditor's Report 1

    Management's Discussion and Analysis 3

    Basic Financial Statements:

    Government-wide Financial Statements:

    Statement of Net Position 14

    Statement of Activities 15

    Fund Financial Statements:

    Balance Sheet - Governmental Funds 16

    Reconciliation of Total Governmental Fund Balance to Net Position of Governmental Activities 17

    Statement of Revenues, Expenditures and Changes in Fund Balance - Governmental Funds 18

    Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balance

    of Governmental Funds to the Statement of Activities 19

    Statement of Net Position - Proprietary Funds 20

    Statement of Revenues, Expenses and Changes in Fund Net Position - Proprietary Funds 21

    Statement of Cash Flows - Proprietary Funds 22

    Statement of Fiduciary Net Position - Fiduciary Funds 23

    Statement of Changes in Fiduciary Net Position - Fiduciary Fund 24

    Notes to the Basic Financial Statements 25

    Required Supplementary Information:

    Schedule of the District's Proportionate Share of the Net Pension Liability - STRS 56

    Schedule of the District's Proportionate Share of the Net Pension Liability - SERS 57

    Schedule of District Contributions - STRS 58

    Schedule of District Contributions - SERS 59

    Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual

    (Non-GAAP Budgetary Basis) - General Fund 60

    Notes to the Required Supplementary Information 61

    Combining Statements and Individual Fund Schedules:

    Major Governmental Fund 64

    Schedule of Revenues, Expenditures and Changes in Fund Balance

    Budget and Actual (Non-GAAP Budgetary Basis):

    Debt Service Fund 65

    Nonmajor Governmental Funds 67

    Combining Balance Sheet 68

    Combining Statement of Revenues, Expenditures and Changes in Fund Balance 69

    Nonmajor Special Revenue Funds

    Fund Descriptions 70

    Combining Balance Sheet 72

    Combining Statement of Revenues, Expenditures and Changes in Fund Balance 76

    iii

  • Dublin City School District, Ohio

    Comprehensive Annual Financial Report

    For the Fiscal Year Ended June 30, 2017

    TABLE OF CONTENTS

    Page

    Nonmajor Special Revenue Funds (continued)

    Schedule of Revenues, Expenditures and Changes in Fund Balance

    Budget and Actual (Non-GAAP Budgetary Basis):

    Public School 79

    Other Grants 80

    Education Foundation 81

    Athletic 82

    Auxiliary Services 83

    Data Communication 84

    Assistive Technology 85

    Miscellaneous State Grants 86

    IDEA 87

    Title I 88

    Title III 89

    IDEA Preschool 90

    Title II-A 91

    Miscellaneous Federal Grants 92

    Nonmajor Capital Projects Fund

    Fund Description 93

    Schedule of Revenues, Expenditures and Changes in Fund Balance

    Budget and Actual (Non-GAAP Budgetary Basis):

    Capital Projects 94

    Nonmajor Internal Service Funds

    Fund Descriptions 95

    Combining Statement of Net Position 96

    Combining Statement of Revenues, Expenses and Changes in Fund Net Position 97

    Combining Statement of Cash Flows 98

    Nonmajor Fiduciary Funds

    Fund Descriptions 99

    Statement of Changes in Assets and Liabilities - Agency Funds 100

    iv

  • Dublin City School District, Ohio

    Comprehensive Annual Financial Report

    For the Fiscal Year Ended June 30, 2017

    TABLE OF CONTENTS

    Schedule Page

    STATISTICAL SECTION

    Statistical Narrative 101

    Net Position by Component 1 103

    Expenses, Program Revenues and Net (Expense)/Revenue 2 104

    General Revenues and Total Change in Net Position 3 106

    Fund Balances, Governmental Funds 4 107

    Governmental Funds Revenues 5 108

    Governmental Funds Expenditures and Debt Service Ratio 6 109

    Other Financing Sources and Uses and Net Change in Fund Balances 7 110

    Assessed Value and Actual Value of Taxable Property 8 111

    Direct and Overlapping Property Tax Rates 9 112

    Principal Property Tax Payers 10 113

    Property Tax Levies and Collections 11 114

    Outstanding Debt by Type 12 115

    Ratios of Net General Bonded Debt Outstanding 13 116

    Direct and Overlapping Governmental Activities Debt 14 117

    Legal Debt Margin Information 15 118

    Demographic and Economic Statistics 16 119

    Major Employers 17 120

    Staffing Statistics - Full-Time Equivalents (FTE) by Type and Function 18 121

    Operating Indicators by Function 19 122

    Capital Assets by Function/Program 20 123

    School Building Information 21 124

    Educational and Operating Statistics 22 126

    v

  • vi

  • INTRODUCTORY SECTION

  • Office of the Treasurer

    Dublin City Schools (614) 764-5913

    7030 Coffman Road (614) 761-5856 (Fax)

    Dublin, Ohio 43017-1068 www.dublinschools.net

    December 28, 2017

    To the Citizens and Board of Education of the Dublin City School District:

    The Comprehensive Annual Financial Report (CAFR) of the Dublin City School District (District) for the

    fiscal year ended June 30, 2017, is hereby submitted. This report was prepared by the Treasurers

    Office, and includes the unmodified opinion of our independent auditors, Plattenburg & Associates, Inc.

    Responsibility for both the accuracy of the data, and the completeness and fairness of the presentation,

    including all disclosures, rests with the District. To the best of our knowledge and belief, the enclosed

    data is accurate in all material respects and is reported in a manner designed to present fairly the

    financial position and results of operations of the various funds of the District. All disclosures necessary

    to enable the reader to gain an understanding of the Districts financial activities have been included.

    The CAFR for the year ended June 30, 2017, is prepared in accordance with generally accepted

    accounting principles (GAAP) and in conformance with standards of financial reporting established by

    the Governmental Accounting Standards Board (GASB) using guidelines recommended by the

    Government Finance Officers Association of the United States and Canada (GFOA).

    GAAP requires that management provide a narrative introduction, overview, and analysis to accompany

    the basic financial statements in the form of Managements Discussion and Analysis (MD&A). The letter

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

    Districts MD&A can be found immediately following the independent auditors report.

    Copies of this report will be widely distributed throughout the District, and an electronic copy will be

    placed on the District website. A copy will be sent to all school buildings, the Chamber of Commerce,

    major taxpayers, Dublin Public Library, Moodys and Standard and Poors Financial Rating Services,

    banks, the Districts Business Advisory Council, and any other interested parties.

    This report includes all funds of the District. The District provides a full range of traditional and

    nontraditional educational programs and services. These include elementary and secondary curriculum

    offerings at the general, college preparatory and vocational levels; a broad range of co-curricular and

    extracurricular activities; adult and community education offerings; and special education programs and

    facilities.

    In addition to providing these general activities, the District has administrative responsibility for state

    funds distributed to private schools located within the district boundaries; therefore in accordance with

    GASB Statement 24, this responsibility is included in the reporting entity as a special revenue fund. The

    private schools served are St. Brigids of Kildare, Tree of Life Christian, and Linworth Childrens Center.

    While these organizations share operational and service similarity with the District, all are separate and

    distinct entities. Because of their independent nature, none of these organizations financial statements

    are included in this report.

    vii

  • THE DISTRICT AND ITS FACILITIES

    The District serv