Comprehensive Annual Financial Report (CAFR) of the Rocky River City School District (The “District”) for the Fiscal Year Ended June 30, 2019
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Comprehensive Annual Financial Report For the fiscal year ended June 30, 2019 William St. Pierre Grade 11 ROCKY RIVER CITY SCHOOL DISTRICT Cuyahoga County | Ohio JP Mathe Grade 11 ROCKY RIVER CITY SCHOOL DISTRICT Cuyahoga County | Ohio Rocky River City School District Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2019 Table of Contents Page Title Page Table of Contents ........................................................................................................................................ i - v I. Introductory Section Letter of Transmittal .......................................................................................................................................... 1 List of Principal Officials ................................................................................................................................ 11 Organizational Chart........................................................................................................................................ 12 GFOA Certificate of Achievement .................................................................................................................. 13 II. Financial Section Independent Auditor’s Report ......................................................................................................................... 15 Management’s Discussion and Analysis ......................................................................................................... 19 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position .................................................................................................................. 41 Statement of Activities ....................................................................................................................... 42 Fund Financial Statements: Balance Sheet - Governmental Funds ................................................................................................ 43 Reconciliation of Total Governmental Fund Balances to Net Position of Governmental Activities ....................................................................................... 44 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds ............................................................................................ 45 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ......................... 46 Statement of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual (Non-GAAP Budgetary Basis) - General Fund ................................................ 47 Statement of Net Position - Proprietary Fund.................................................................................... 48 Statement of Revenues, Expenses and Changes in Net Position - Proprietary Fund ...................................................................................................... 49 Statement of Cash Flows - Proprietary Fund ..................................................................................... 50 Statement of Fiduciary Net Position - Fiduciary Funds ..................................................................... 51 - i - Statement of Changes in Fiduciary Net Position - Fiduciary Fund .................................................... 52 Notes to the Basic Financial Statements ................................................................................................... 53 Required Supplementary Information: Schedule of the District’s Proportionate Share of the Net Pension Liability: School Employees Retirement System (SERS) of Ohio .................................................................. 106 State Teachers Retirement System (STRS) of Ohio ........................................................................ 108 Schedule of District Pension Contributions: School Employees Retirement System (SERS) of Ohio .................................................................. 110 State Teachers Retirement System (STRS) of Ohio ........................................................................ 112 Schedule of the District’s Proportionate Share of the Net OPEB Liability/Asset: School Employees Retirement System (SERS) of Ohio .................................................................. 114 State Teachers Retirement System (STRS) of Ohio ........................................................................ 115 Schedule of District OPEB Contributions: School Employees Retirement System (SERS) of Ohio .................................................................. 116 State Teachers Retirement System (STRS) of Ohio ........................................................................ 118 Notes to Required Supplementary .......................................................................................................... 120 Combining Statements and Individual Fund Schedules: Major Funds: Fund Descriptions - Major Governmental Funds ............................................................................. 124 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis) - General Fund ....................... 125 Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis) - Bond Retirement Fund ........ 129 Combining Statements - Nonmajor Governmental Funds: Combining Balance Sheet - Nonmajor Governmental Funds .......................................................... 130 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental Funds ............................................................................ 131 Combining Statements and Individual Fund Schedules - Nonmajor Special Revenue Funds: Fund Descriptions - Nonmajor Special Revenue Funds ............................................................ 132 Combining Balance Sheet - Nonmajor Special Revenue Funds ............................................... 134 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Special Revenue Funds.................................................................. 138 - ii - Schedules of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis): Nonmajor Special Revenue Funds: Food Service Fund ........................................................................................................ 141 Special Trust Fund ........................................................................................................ 142 Other Grants Fund ........................................................................................................ 143 District Managed Activity Fund ................................................................................... 144 Auxiliary Services Fund ............................................................................................... 145 Data Communications Fund ......................................................................................... 146 Miscellaneous State Grants Fund ................................................................................. 147 Title VI-B Fund ............................................................................................................ 148 Title III Fund ................................................................................................................ 149 Title I Fund ................................................................................................................... 150 Preschool Disability Fund ............................................................................................ 151 Title II-A Fund ............................................................................................................. 152 Miscellaneous Federal Grants Fund ............................................................................. 153 Unclaimed Monies Fund .............................................................................................. 154 Uniform School Supplies Fund .................................................................................... 155 Building Rotary Fund ................................................................................................... 156 Public School Support Fund ......................................................................................... 157 Combining Statements and Individual Fund Schedules - Nonmajor Capital Projects Fund: Fund Description - Nonmajor Capital Projects Funds ............................................................... 158 Combining Balance Sheet - Nonmajor Capital Projects Funds ................................................. 159 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Capital Projects Funds ................................................................... 160 Schedules of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis): Nonmajor Capital Project Funds: Permanent Improvements Fund .................................................................................... 161 Building Fund ............................................................................................................... 162 Individual Fund Schedules - Nonmajor Internal Service Fund: Fund Description - Nonmajor Internal Service Fund ...............................................................