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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

    of the

    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

    Margaret GoochMember

    Joseph ChlapatyMember

    Mark HoldermanPresident

    Christopher S. Mohr, MBATreasurer

    Dr. Sharon ZimmersSuperintendent

    Julie BestVice President

    Thomas FriesMember

  • INTRODUCTORY

    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

    Agency Funds

    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