DUBLIN CITY SCHOOL DISTRICT COMPREHENSIVE ... ... The Dublin City School District is a...

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  • FOR THE FISCAL YEAR ENDED JUNE 30, 2018 7030 COFFMAN ROAD • DUBLIN, OHIO

    DUBLIN CITY SCHOOL DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT

  • January 22, 2019

    The attached audit report was completed and prepared for release prior to the commencement of my term of office on January 14, 2019. Reports completed prior to that date contain the signature of my predecessor.

    Ohio Auditor of State

    88 East Broad Street, Columbus, Ohio 43215 Phone: 614-466-4514 or 800-282-0370

    www.ohioauditor.gov

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  • 88 East Broad Street, Fifth Floor, Columbus, Ohio 43215‐3506 Phone: 614‐466‐4514 or 800‐282‐0370 Fax: 614‐466‐4490

    www.ohioauditor.gov

    Board of Education Dublin City School District 7030 Coffman Road Dublin, Ohio 43017 We have reviewed the Independent Auditor’s Report of the Dublin City School District, Franklin County, prepared by Plattenburg & Associates, Inc., for the audit period July 1, 2017 through June 30, 2018. Based upon this review, we have accepted these reports in lieu of the audit required by Section 117.11, Revised Code. The Auditor of State did not audit the accompanying financial statements and, accordingly, we are unable to express, and do not express an opinion on them. Our review was made in reference to the applicable sections of legislative criteria, as reflected by the Ohio Constitution, and the Revised Code, policies, procedures and guidelines of the Auditor of State, regulations and grant requirements. The Dublin City School District is responsible for compliance with these laws and regulations. Dave Yost Auditor of State January 8, 2019

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    Comprehensive Annual Financial Report

       

    Dublin City School District Dublin, Ohio

       

    Fiscal Year Ended June 30, 2018

               

    Board of Education

    Scott W. Melody, President

    Lynn B. May, Vice President

    Stu W. Harris, Member

    Chris M. Valentine, Member  

    Rick L. Weininger, Member        

    Issued by the Treasurer’s Office

    Chris McDowell, Fiscal Coordinator

    Tyson Hodges, Assistant Treasurer

    Brian Kern, Treasurer/CFO

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    Dublin City School District Board Of Education

                                         

    Scott W. Melody President

    Lynn B. May Vice President

                                           

    Stu W. Harris Member

    Chris M. Valentine Member

    Rick L. Weininger Member

                                         

    Dr. Todd Hoadley Superintendent

    Brian Kern Treasurer/CFO

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  • Dublin City School District, Ohio Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2018

    TABLE OF CONTENTS

    Page

    INTRODUCTORY SECTION Letter of Transmittal vii List of Principal Officials xvi Organizational Chart xvii GFOA Certificate of Achievement for Excellence in Financial Reporting xviii ASBO Certificate of Excellence in Financial Reporting xix

    FINANCIAL SECTION Independent Auditor's Report 1 Management's Discussion and Analysis 3

    Basic Financial Statements: Government‐wide Financial Statements: Statement of Net Position 16 Statement of Activities 17

    Fund Financial Statements: Balance Sheet ‐ Governmental Funds 18 Reconciliation of Total Governmental Fund Balance to Net Position of Governmental Activities 19 Statement of Revenues, Expenditures and Changes in Fund Balance ‐ Governmental Funds 20 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balance    of Governmental Funds to the Statement of Activities 21 Statement of Net Position ‐ Proprietary Funds 22 Statement of Revenues, Expenses and Changes in Fund Net Position ‐ Proprietary Funds 23 Statement of Cash Flows ‐ Proprietary Funds 24 Statement of Fiduciary Net Position ‐ Fiduciary Funds 25 Statement of Changes in Fiduciary Net Position ‐ Fiduciary Fund 26

    Notes to the Basic Financial Statements 27

    Required Supplementary Information: Schedule of the District's Proportionate Share of the Net Pension Liability ‐ STRS 66 Schedule of the District's Proportionate Share of the Net Pension Liability ‐ SERS 67 Schedule of District Contributions for Net Pension Liability‐ STRS 68 Schedule of District Contributions for Net Pension Liability ‐ SERS 69 Schedule of the District's Proportionate Share of the Net OPEB Liability ‐ STRS 70 Schedule of the District's Proportionate Share of the Net OPEB Liability ‐ SERS 71 Schedule of District Contributions for Net OPEB Liability ‐ STRS 72 Schedule of District Contributions for Net OPEB Liability ‐ SERS 73 Schedule of Revenues, Expenditures and Changes in Fund Balance ‐ Budget and Actual    (Non‐GAAP Budgetary Basis) ‐ General Fund 74 Notes to the Required Supplementary Information 75

    Combining Statements and Individual Fund Schedules: Major Governmental Fund 79 Schedule of Revenues, Expenditures and Changes in Fund Balance  Budget and Actual (Non‐GAAP Budgetary Basis): Debt Service Fund 80

    Nonmajor Governmental Funds 81 Combining Balance Sheet 82 Combining Statement of Revenues, Expenditures and Changes in Fund Balance 83

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  • Dublin City School District, Ohio Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2018

    TABLE OF CONTENTS

    Page Nonmajor Special Revenue Funds Fund Descriptions 84 Combining Balance Sheet 86 Combining Statement of Revenues, Expenditures and Changes in Fund Balance 90

    Nonmajor Special Revenue Funds  Schedule of Revenues, Expenditures and Changes in Fund Balance  Budget and Actual (Non‐GAAP Budgetary Basis): Public School 93 Other Grants 94 Education Foundation 95 Athletic 96 Auxiliary Services 97 Data Communication 98 Miscellaneous State Grants 99 IDEA 100 Title I 101 Title III 102 IDEA Preschool 103 Title II‐A 104 Miscellaneous Federal Grants 105 Food Service 106

    Nonmajor Capital Projects Fund Fund Description 107 Schedule of Revenues, Expenditures and Changes in Fund Balance  Budget and Actual (Non‐GAAP Budgetary Basis): Capital Projects 108

    Other General Funds Fund Description 109 Schedule of Revenues, Expenditures and Changes in Fund Balance  Budget and Actual (Non‐GAAP Budgetary Basis): Community Education 110 Summer School 111

    Nonmajor Internal Service Funds Fund Descriptions 113 Combining Statement of Net Position 114 Combining Statement of Revenues, Expenses and Changes in Fund Net Position 115 Combining Statement of Cash Flows 116

    Nonmajor Fiduciary Funds Fund Descriptions 117 Statement of Changes in Assets and Liabilities ‐ Agency Funds 118

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  • Dublin City School District, Ohio Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2018

    TABLE OF CONTENTS

    Schedule Page

    STATISTICAL SECTION Statistical Narrative 119 Net Position by Component 1 121 Expenses, Program Revenues and Net (Expense)/Revenue 2 122 General Revenues and Total Change in Net Position 3 124 Fund Balances, Governmental Funds 4 125 Governmental Funds Revenues 5 126 Governmental Funds Expenditures and Debt Service Ratio 6 127 Other Financing Sources and Uses and Net Change in Fund Balances 7 128 Assessed Value and Actual Value of Taxable Property 8 129 Direct and Overlapping Property Tax Rates 9 130 Principal Property Tax Payers 10 131 Property Tax Levies and Collections 11 132 Outstanding Debt by Type 12 133 Ratios of Net General Bonded Debt Outstanding 13 134 Direct and Overlapping Governmental Activities Debt 14 135 Legal Debt Margin Information 15 136 Demographic and Economic Statistics 16 137 Major Employers 17 138 Staffing Statistics ‐ Full‐Time Equivalents (FTE) by Type and Function 18 139 Operating Indicators by Function 19 140 Capital Assets by Function/Program 20 141 School Building Information 21 142 Educational and Operating Statistics 22 144

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  • INTRODUCTORY SECTION

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  • Office of the Treasurer

    Dublin City Schools (614) 764-5913 7030 Coffman Road (614) 761-5856 (Fax) Dublin, Ohio 43017-1068 www.d