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7030 Coffman Road, Dublin, Ohio
Dublin City School District
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2003
The photos throughout this publication were taken byGeoff Ralston, a Dublin Coffman High School senior.
The front cover displays a view of theDublin Jerome High School construction site.
ComprehensiveAnnual Financial Report
Dublin City School DistrictDublin, Ohio
For the fiscal year endedJune 30, 2003
Board of Education
Mark Holderman, President
Julie Best, Vice President
Joseph Chlapaty, Member
Thomas Fries, Member
Margaret Gooch, Member
Issued by the Treasurers Office
Brian Kern, Accountant
Jeffrey S. McCuen, CPA, Coordinator
Christopher S. Mohr, MBA, Treasurer
Dublin City School DistrictBoard Of Education
Christopher S. Mohr, MBATreasurer
Dr. Sharon ZimmersSuperintendent
Julie BestVice President
Introductory SectionDublin Jerome High School scheduled to open Fall 2004.
DUBLIN CITY SCHOOL DISTRICTCOMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2003
TABLE OF CONTENTS
Page Title pageBoard Members
I . INTRODUCTORY SECTION
Table of Contents 1Letter of Transmittal 5 List of Principal Officials 15Organizational Chart 16Certificate of Achievement, Government Finance Officers Association 17Certificate of Excellence, Association of School Business Officials International 18
II. FINANCIAL SECTION
Independent Accountants Report 19
Managements Discussion and Analysis 21
Basic Financial Statements:
Government-wide Financial Statements
Statement of Net Assets 32
Statement of Activities 34
Fund Financial Statements
Balance Sheet Governmental Funds 36
Reconciliation of Total Governmental Fund Balances to Net Assets of Governmental Activities 37
Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds 38
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the
Statement of Activities 39
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual (Non-GAAP Budgetary Basis) - General Fund 40
(Table of Contents continued)
Statement of Net Assets Proprietary Funds 42
Statement of Revenues, Expenses, and Changes in Fund Net Assets - Proprietary Funds 43
Statement of Cash Flows Proprietary Funds 44
Statement of Fiduciary Net Assets 45
Statement of Changes in Fiduciary Net Assets 45
Notes to the Basic Financial Statements 47
Combining Statements and Individual Fund Schedules
Nonmajor Special Revenue Funds
Description of Funds 72
Combining Balance Sheet - Nonmajor Special Revenue Funds 76
Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Special Revenue Funds 82
Internal Service Funds
Description of Funds 88
Combining Statement of Net Assets 89
Combining Statement of Revenues, Expenses and Changes in Fund Net Assets 90
Combining Statement of Cash Flows 91
Description of Funds 93
Combining Statement of Changes in Assets & Liabilities Agency Funds 94
(Table of Contents continued)
Individual Fund Schedules of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual (Non-GAAP Basis)
Debt Service 97Capital Projects 97Public School Support 98Other Grants 98Library Automation 98Athletics/Music 99Auxiliary Services 99Career Education 99Teacher - Professional Development 100Management Information Systems 100School Net Plus 100Data Communication Support 101School Net Professional Development 101Ohio Reads 101Conflict Management 102Safe School Hotline 102Entry Year Program 102Transition to Work 103Title II 103Title VI-B 103Title III 104Title VI 104Emergency Immigrant Education Assistance 104Drug Free Schools 105Preschool 105Title IIA 105State Improvement Grants 106Class-Size Reduction Act 106Assistive Technology Infusion 106Food Service 107Summer School 107Self-funded Insurance 108Guidance Testing 108Private-Purpose Trust 109
(Table of Contents continued)
III. STATISTICAL SECTION
Summary of Expenditures and Other Financing Uses byFunction - General Fund - Last Ten years 111
Summary of Revenues and Other Financing Sources by RevenueSource - General Fund - Last Ten Years 112
Property Tax Levies and Collections Real and Public Utility Taxesand Tangible Personal - Last Ten Calendar Years 113
Assessed Value and Estimated Actual Value of Taxable Property -Last Ten Collection Years 114
Property Tax Rates - Direct and Overlapping Governments -Last Ten Collection Years 116
Percent of Net General Obligation Bonded Debt to Assessed Valueand Bonded Debt per Capita - Last 10 Years 118
Computation of Legal Debt Margin 119
Computation of Direct and Overlapping General ObligationBonded Debt 120
Percentage of Annual Debt Service Expenditures for Voted General ObligationBonded Debt to Total General Fund Expenditures - Last Ten Years 121
New Construction and Property values - Last Ten Years 122
Principal Taxpayers - Public Utilities, Real Estate, Tangible PersonalProperty 123
Staffing Statistics - Full Time Equivalents 124
Attendance Data - Last 10 Years 125
Cost to Educate a 2002 Graduate Dublin City Schools vs. The State of Ohio 126
Educational Statistics Last 5 School Years 127
Enrollment Projection - Next 10 Years 128
This report includes all funds of the District. The District provides a full range of traditionaland nontraditional educational programs and services. These include elementary andsecondary curriculum offerings at the general, college preparatory and vocational levels; abroad range of co-curricular and extracurricular activities; adult and community educationofferings; and special education programs and facilities.
In addition to providing these general activities, the District has administrative responsibilityfor state funds distributed to private schools located within district boundaries; therefore inaccordance with GASB Statement 24, this responsibility is included in the reporting entity asa special revenue fund. The private schools served are St. Brigids of Kildare, NaturalLearning Montessori, Junior Village Academy, Tree of Life Christian, Joyland Preschool andLearning Unlimited Muirfield. While these organizations share operational and servicesimilarity with the District, all are separate and distinct entities. Because of their independentnature, none of these organizations financial statements are included in this report.
THE DISTRICT AND ITS FACILITIESThe District serves an area of approximately 47 square miles in and around the City ofDublin. It is located in Franklin, Delaware and Union Counties, approximately 16 milesnorth and northwest of downtown Columbus, the state capital. The Dublin City SchoolDistrict is a rapidly growing suburban district. Nearly 100% of the City of Dublin is locatedwithin the school district. Dublins population in 1970 was 671 residents. From the 2000census, according to U.S. Census Bureau estimates, Dublins population had grown to31,392. The school district population is considerably larger, estimated to exceed 63,000.
Because of the rapid growth of Dublin and the surrounding area, the Districts enrollment hasbeen increasing since 1976. This year marks the 25th consecutive year that the Districtsenrollment has increased. The District had an estimated enrollment of 12,106 students forfiscal year end June 30, 2003, compared to 11,996 students for the fiscal year that ended June30, 2002.
The Districts facilities include 11 neighborhood elementary schools, 4 middle schools(Grades 6 to 8), 2 comprehensive high schools (Grades 9 to 12), maintenance building, busgarage, the 1919 Building, Central Office and several athletic fields.
ECONOMIC CONDITION AND OUTLOOKOhios seasonally adjusted unemployment rate increased to 6.3% in June 2003 from 5.6% inJune 2002 while the nations unemployment rate for June 2003 was 6.4%. Additionally,June 2003 employment in the state of Ohio numbered 5,518,000 (Labor Market Review, June2003, Ohio Department of Job and Family Services). Specific employment figures for theDublin City School District are not available but for Franklin County the June 2003 figurewas 603,900 as compared to the June 2002 figure of 607,000. This resulted in theunemployment figure for Franklin County of 5.5% in June 2003 compared to 4.8% in June2002 (Ohio Department of Job and Family Services website).
Dublins employment is dominated by the service industry with the corporate headquarters ofthe On Line Computer Library Center (OCLC), Cardinal Health (healthcare services),Ashland Chemical (research and office headquarters) and Wendys International (fast foodrestaurants) ranking among the highest in local employment. Dublin markets itself to theservice industry and as a home for the corporate headquarters of businesses. Additionally,the city is the home to numerous R & D companies and high-tech manufacturing businesses.
The continued economic growth and expansion of the Districts commercial tax base isalmost certain. The District has an excellent relationship with the City of Dublin whichassures that development projects selected by th