FY 2011 Comprehensive Annual Financial Report Presentation December 13, 2011.

Slides:

Advertisements

Similar presentations

SWARTZ CREEK COMMUNITY SCHOOLS Financial Statement Presentation.

Advertisements

Colorado Springs School District No Comprehensive Annual Financial Report.

FISCAL ACCOUNTABILITY OF STATE GOVERNMENT Presentation Prepared for the Appropriations Committee and the Finance, Revenue, and Bonding Committee by the.

Review of Audited Financial Statements as of and for the Year Ended June 30, 2013.

Douglas County School District Re.1 Proposed Budget Fiscal Year 2010 – 2011 Presented to the Board of Education Tuesday May 18, 2010.

BY: MATT HJELM, CPA, CFE KIM DARE, CPA, CFE GALUSHA, HIGGINS, & GALUSHA, PC Management’s Discussion and Analysis: What you need to say.

1 School District Debt

Your logo Budget Adoption Board Meeting July 8, 2010 Peninsula School District Slide 1.

Financial Audit Presentation Year Ended June 30, 2013 The School District of Newberry County Greene, Finney & Horton, CPAs.

Discussion and Analysis

FY 2012 Proposed Budget for Adoption June 21, 2011.

Palm Springs Unified School District Adopted Budget.

CAFR Analysis Amanda Grieco December 2,  Incorporated in 1857  Located in the northeastern part of the state  Top growth area in the state 

HENDERSON COUNTY COMPREHENSIVE ANNUAL FINANCIAL REPORT JUNE 30, 2006.

Year Review of Major Financial Funds Mount Vernon Community School District.

CITY OF MISSOULA, MONTANA Audit Exit Conference Year Ended June 30, 2009 Presented January 20, 2010.

5/26/2015 Sandy Rotella CPA, SFO - Chief Financial Operations Officer.

AUDIT HIGHLIGHTS YEAR ENDED JUNE 30, Audit Opinion- “Unqualified Opinion” audit report Pages 2-3 District’s Financial Position Improving!

CITY OF MISSOULA, MONTANA Audit Exit Conference Year Ended June 30, 2013 Presented February 26, 2014.

Budget Update February 21, Douglas County State Rescission $17.3 M District Increases in Costs** $4.4 M Total DCSD Reduction $21.7 M 2.

Victor Valley Union High School District Unaudited Actuals Report.

Refinancing the District’s Outstanding Special Tax Bonds October 2, 2014.

INDEPENDENT AUDITOR’S REPORT JUNE 30, 2014 ISD #413 Marshall Public Schools HOFFMAN & BROBST, PLLP.

Presented by: Susan K. LaFollett CPA Managing Partner LaFollett and Abbott PLLC Certified Public Accountants May 12, 2015.

Highlights of the 2011 Audit Report Highlights of the 2011 Audit Report.

AUDIT HIGHLIGHTS YEAR ENDED JUNE 30, 2012 MINNEWASKA SCHOOL DISTRICT #2149.

GASB 54 Fund Balance Reporting and Governmental Fund Type Definitions Marcie Handy, CPA December 9, 2010.

Proposed Final Budget Presentation (May 12, 2014) Selinsgrove Area School District.

AASBO Bi-Monthly Meeting September 2012 Office of the Auditor General Update.

Chowan County, North Carolina Annual Financial Report Fiscal Year Ended June 30, 2010.

INDEPENDENT AUDITOR’S REPORT JUNE 30, 2015 ISD #413 Marshall Public Schools HOFFMAN & BROBST, PLLP.

2012 Mil Levy for 2013 Collection of Property Tax Revenue December 13, 2012.

Fund Balance Policy Actions/Procedures Dr. Rodney Thompson, Superintendent Mr. Brantley Thomas, Chief Financial Officer September 23, 2014 Berkeley County.

County of Barnstable, Massachusetts Exit Conference for the Annual Audit June 30, 2013 Presented by: CliftonLarsonAllen Date: May 21, 2014.

Proposed Final Budget Presentation (May 11, 2015) Selinsgrove Area School District.

GASB Statement No. 54 Fund Balance Reporting and Governmental Fund Type Definitions KASBO SESSION FALL 2010.

Financial Audit Presentation Year Ended June 30, 2014 Berkeley County School District Greene, Finney & Horton, CPAs.

Presented by James Halleran, CPA March 1, 2011 Presentation to The City of Palm Coast, Florida >Annual Audit as of and for the Year Ended September 30,

Annual Financial and Compliance Audit Board of Trustees Presentation January 18, 2016 Clear Creek Independent School District.

Budget Hearing August 5,2014. This document summarizes South Kitsap School District’s budget for the schools year (September 1, 2014 through.

Financial Audit Presentation Year Ended June 30, 2015 Berkeley County School District Greene, Finney & Horton, CPAs.

SWARTZ CREEK COMMUNITY SCHOOLS Financial Statement Presentation.

Winona Area Public Schools Revised Budget As of April 3, 2014.

GASB Statement No. 54 Fund Balance Reporting and Governmental Fund Type Definitions TRIGG CO BOARD - JUNE 2011.

Proposed Final Budget Presentation (May 13, 2013) Selinsgrove Area School District.

Annual Financial and Compliance Audit Board of Trustees Presentation January 21, 2014 Sheldon Independent School District.

Budget Preparation Calendar

Financial Audit Presentation Year Ended June 30, 2016

Pequea Valley School District

City of Somersworth, New Hampshire

Fiscal Year End: Washougal School District

ISD #413 Marshall Public Schools

Fiscal Year End: Washougal School District

FISCAL YEAR JUNE 30, 2017 ANNUAL FINANCIAL REPORTS

Financial Audit Presentation Year Ended June 30, 2015

Financial Audit Presentation Year Ended June 30, 2018

FISCAL YEAR JUNE 30, 2016 ANNUAL FINANICIAL REPORTS

Pequea Valley School District

GASB 54: Fund Equity Accounts

Financial Audit Presentation Year Ended June 30, 2017

Presentation of Audited Financial Statements June 30, 2011

Unaudited Actuals Financial Report

Solanco School District Audit January 25, 2016

Shelton School District

Presented to the School Board -- July 21, 2011

Steilacoom Historical School District

Town of Windham FINANCIAL OVERVIEW INSIDE Summary of Audit Results

Katherine Yuen, CPA Partner

Presented by David R. Youngstrom, CPA Presented on October 20, 2015

Exeter Township December 31, 2016 Audit Results

Presentation transcript:

FY 2011 Comprehensive Annual Financial Report Presentation December 13, 2011

2 Tonight’s Presentation Financial Highlights Long Term Debt General Fund Performance Other Fund Performance Enterprise Funds Audit Results Significant Deficiencies Advisory Comments Management’s Response to Audit

3  General Obligation (GO) Redemption Bonds - $543.2 M Outstanding plus $264.2 M in Interest o$86,405,000 Refunding Bonds Issued September 2010 Resulted in $3.2M savings to District taxpayers oFuture Refunding Opportunities  Certificates of Participation (COP) - $27.5 M Outstanding plus $11.3 M in Interest o $13,920,000 COP Debt (2009)– SkyView Charter School o $14,125,000 COP Debt (2006) – Lone Tree Magnet Elem o $ 5,075,000 COP Debt (2003) – D.C. Oakes Renovation Long Term Debt (Pgs 54 – 61)

4 Combined General Fund (2006 – 2011) General Fund Assigned/Restricted $ 39.6 M$ 24.4 M$ 14.5 M$ 12.4 M$ 11.6 M$10.3 M Unassigned 26.8 M21.7 M6.1 M7.8 M24.1 M24.6 M Total General Fund $ 66.4 M$ 46.1 M$ 20.6 M$ 20.2 M$ 35.6 M$ 34.9 M

5 Combined General Fund Balance (GASB 54 Compliance) FUND BALANCES – Reference Pg 34 Non-spendable - Inventories (includes)727,782 Non-spendable Prepaids35,000 Restricted for Emergencies (TABOR)11,745,301 Reserved for Insurance (Risk Management)783,884 Assigned & Reported to: Full Day Kindergarten4,490,780 Schools8,528,797 Departments8,302,279 Transportation Fund249,425 Insurance Reserve Fund (Risk Management )783,884 Early Separation Agreement4,759,164 Unassigned26,815,727 Total Combined General Fund Balances66,438,139

6 Combined General Fund Expenditures by Object (pg 77)

7 General Fund Revenue Trend

8 Mill Levy $ Per Student

Other Fund Results 9 Transportation Fund (pg 83) - $540,000 Capital Projects Funds (pgs 88-91) Capital Projects - $12.3 M Bond Building - $14.6 M Capital Reserve Fund – Phasing Out Bond Redemption Fund (pgs 86-87) - $59.3 M Medical Risk Fund (pgs 96-97) - $6.4 M (Internal Service Fund)

10 Enterprise Funds

11 Nutrition Services (Pgs 92-93) FY 2011 FY 2010

12 B.A.S.E. Before & After School Enterprise (pgs 94-95) FY 2011 FY 2010