Comprehensive Annual Budget Report

Canyons School District Comprehensive Annual Budget Report July 1, 2018 - June 30, 2019 CANYONS School District Canyons School District 9361 South 300 East Sandy, Utah 84070 www.canyonsdistrict.org i Superintendent of Schools James Briscoe, Ph.D. Business Administrator Leon Wilcox, CPA Director of Accounting and Budgeting Gary Warwood, CPA 9361 South 300 East Sandy, UT 84070 801.826.5040 www.canyonsdistrict.org Photographs provided by: CSD Communications Office ii Canyons School District Table of Contents EXECUTIVE SUMMARY ......................................................................................................................... 1 Letter of Transmittal ................................................................................................................................... 2 Board of Education and Administrative Personnel .............................................................................. 4 Canyons School District Board of Educaton ............................................................................................ 5 Organizational Chart ....................................................................................................................................... 6 EXECUTIVE SUMMARY .................................................................................................................................... 7 Budget Overview ........................................................................................................................................................... 7 Mission and Vision of the District .......................................................................................................................... 7 FY 2018-2019 Priorities ............................................................................................................................................. 9 Budget Cycle .................................................................................................................................................................... 9 Student Enrollment .................................................................................................................................................... 11 Revenues......................................................................................................................................................................... 11 Expenditures ................................................................................................................................................................. 13 Fund Balance ................................................................................................................................................................. 13 Property Taxes ............................................................................................................................................................. 15 Major Funds ..................................................................................................................................................... 16 General Fund ................................................................................................................................................................. 16 General Fund Employees/Negotiations ............................................................................................................................ 17 Capital Outlay Fund .................................................................................................................................................... 20 Capital Fund Improvements’ Impact on Operating Fund .......................................................................................... 21 Debt Service Fund ....................................................................................................................................................... 21 Budget Forecasts ............................................................................................................................................ 22 Indicators for Student Achievement ....................................................................................................... 22 Graduation rate .............................................................................................................................................. 23 Standardized Exams ..................................................................................................................................... 23 Budget Awards ................................................................................................................................................ 24 ORGANIZATION SECTION ................................................................................................................. 27 School District Map ....................................................................................................................................... 28 Organizational Chart .................................................................................................................................... 29 History ............................................................................................................................................................... 30 Board of Education ........................................................................................................................................ 30 Location and Demographics ...................................................................................................................... 30 Mission and Vision of the District ............................................................................................................ 31 Summary of Significant Accounting and Administrative Policies ................................................ 32 Fund Accounting.......................................................................................................................................................... 32 Utah Laws Governing School Districts ............................................................................................................... 33 Budget Development and Administrative Policies ............................................................................ 38 Student Achievement Policies ............................................................................................................................... 38 Financial Budget Policies ......................................................................................................................................... 41 Operating Budget Policies ....................................................................................................................................... 41 Capital Improvement Budget Policies ................................................................................................................ 41 Debt Management Policies ...................................................................................................................................... 41 Revenue Estimation Policies .................................................................................................................................. 42 Accounting, Auditing, and Financial Reporting Policies ............................................................................. 42 Fund Balance Policies ................................................................................................................................................ 42 Budget Administration and Management Process ........................................................................................ 42 iii Canyons School District Budget Process ............................................................................................................................................... 43 Budget Calendar .......................................................................................................................................................... 43 Enrollment ..................................................................................................................................................................... 44 Utah State Legislature ............................................................................................................................................... 44 Amendments to the Budget .................................................................................................................................... 45 Budget Recognition ....................................................................................................................................... 45 Revenues and Expenditures ...................................................................................................................... 46 Revenues......................................................................................................................................................................... 46 Expenditures ................................................................................................................................................................. 47 Functions ........................................................................................................................................................................ 47 Objects ............................................................................................................................................................................

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