Nonmajor Governmental Funds
Total Page:16
File Type:pdf, Size:1020Kb
CYPRESS-FAIRBANKS INDEPENDENT SCHOOL DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2015 TABLE OF CONTENTS Page Exhibit INTRODUCTORY SECTION Letter of Transmittal ............................................................................................................................. 1 Certificate of Achievement for Excellence in Financial Reporting ...................................................... 6 Certificate of Excellence in Financial Reporting ................................................................................. 7 Organizational Chart ............................................................................................................................ 8 Principal School District Officials and Advisors ................................................................................. 9 FINANCIAL SECTION Independent Auditors’ Report ........................................................................................................... 11 Management’s Discussion and Analysis (Unaudited) .........................................................................14 BASIC FINANCIAL STATEMENTS Government-wide Financial Statements: Statement of Net Position ................................................................................................................... 26 A-1 Statement of Activities ....................................................................................................................... 27 A-2 Fund Financial Statements: Balance Sheet - Governmental Funds ................................................................................................ 28 B-1 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ................................................................................................................. 31 B-1R Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds .............................................................................................. 32 B-2 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ............................................ 34 B-2R Statement of Net Position - Proprietary Funds ................................................................................... 35 C-1 Statement of Revenues, Expenses, and Changes in Net Position - Proprietary Funds ............................................................................................................................. 36 C-2 Statement of Cash Flows - Proprietary Funds .................................................................................... 37 C-3 Statement of Net Position - Fiduciary Funds .......................................................................................38 D-1 Statement of Changes in Net Position – Fiduciary Fund .....................................................................39 D-2 Notes to the Financial Statements ...................................................................................................... 40 i CYPRESS-FAIRBANKS INDEPENDENT SCHOOL DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2015 TABLE OF CONTENTS (CONTINUED) Page Exhibit REQUIRED SUPPLEMENTARY INFORMATION Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - General Fund ...........................................................................74 E-1 Schedule of Changes in the District’s Net Pension Liability and Related Ratios for a Single-Employer Pension Plan .........................................................................75 F-1 Schedule of the District’s Proportionate Share of the Net Pension Liability of a Cost-Sharing Multiple-Employer Pension Plan ...........................................................77 F-2 Schedule of District Contributions for All Pension Plans – Last Two Fiscal Years ...........................79 F-3 Notes to the Required Supplementary Information .............................................................................80 SUPPLEMENTARY INFORMATION Combining and Individual Fund Financial Statements and Schedules: Major Governmental Funds: Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - Debt Service Fund ................................................................. 87 G-1 Nonmajor Governmental Funds: Combining Balance Sheet - Nonmajor Governmental Funds - Special Revenue Funds ..................................................................................................................... 90 H-1 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Governmental Funds - Special Revenue Funds .................................... 96 H-2 Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - National School Breakfast and Lunch Program ............................................ 103 H-3 Fiduciary Fund: Statement of Changes in Assets and Liabilities - Fiduciary Fund .................................................... 105 I-1 Compliance Schedule: Schedule of Delinquent Taxes Receivable ........................................................................................108 J-1 ii CYPRESS-FAIRBANKS INDEPENDENT SCHOOL DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2015 TABLE OF CONTENTS (CONTINUED) Page Table STATISTICAL SECTION Financial Trends: Net Position by Component - Last Ten Fiscal Years ......................................................................... 112 1 Changes in Net Position - Last Ten Fiscal Years ............................................................................... 114 2 Fund Balances - Governmental Funds - Last Ten Fiscal Years ......................................................... 116 3 Changes in Fund Balances - Governmental Funds - Last Ten Fiscal Years ...................................... 118 4 Revenue Capacity: Assessed Value and Actual Value of Taxable Property - Last Ten Fiscal Years ............................... 120 5 Property Tax Rates - Direct and Overlapping Governments - Last Ten Fiscal Years ....................................................................................................................... 122 6 Principal Property Taxpayers - Current Year and Nine Years Ago ................................................... 128 7 Property Tax Levies and Collections - Last Ten Fiscal Years ........................................................... 129 8 Debt Capacity: Outstanding Debt by Type - Last Ten Fiscal Years ........................................................................... 130 9 Ratios of Net General Obligation Bonded Debt Outstanding - Last Ten Fiscal Years ....................................................................................................................... 131 10 Direct and Overlapping Governmental Activities Debt ..................................................................... 132 11 Demographic and Economic Information: Demographic and Economic Statistics - Last Ten Fiscal Years ......................................................... 134 12 Principal Employers - Current Year and Nine Years Ago ................................................................. 135 13 iii CYPRESS-FAIRBANKS INDEPENDENT SCHOOL DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2015 TABLE OF CONTENTS (CONCLUDED) Page Table Operating Information: District Employees by Position (Headcount) - Last Ten Fiscal Years ............................................... 136 14 Operating Statistics - Last Ten Fiscal Years ...................................................................................... 138 15 Teacher Base Salaries - Last Ten Fiscal Years ................................................................................... 140 16 School Building Information - Last Ten Fiscal Years ........................................................................ 142 17 District Map ........................................................................................................................................ 158 18 iv Introductory Section Introductory INTRODUCTORY SECTION LEARN EMPOWER ACHIEVE DREAM INTRODUCTORY IntroductoryINTRODUCTORY Section SECTION INTRODUCTORYSection November 9, 2015 Board of Trustees Cypress-Fairbanks Independent School District 10300 Jones Road Houston, Texas 77065 Dear Board of Trustees: State law requires that each school district must have its fiscal accounts audited annually. A copy of the annual financial report, approved by the Board of Trustees, must be filed with the Texas Education Agency (TEA) by the 150th day after the end of the fiscal year. The Comprehensive Annual Financial Report (CAFR) of the Cypress- Fairbanks Independent School District (CFISD or the District) is published to fulfill that requirement for the fiscal year ended June 30, 2015. The independent audit of the financial statements is part of a broader, federally mandated “Single Audit” designed to meet the special needs of federal grantor agencies. The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on the audited government’s internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of federal awards. These