Mount Olive Township School District “Students Are Our First Priority”
Mount Olive Township School District “Students are our first priority” “Home of the Marauders” Mount Olive Board of Education 227 US Route 206 Flanders, New Jersey Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2019 MOUNT OLIVE TOWNSHIP SCHOOL DISTRICT 227 US HIGHWAY 206, SUITE 10 FLANDERS, NEW JERSEY, 07836 COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2019 Prepared by: Lynn Jones, CPA Board Secretary Business Office COMPREHENSIVE ANNUAL FINANCIAL REPORT OF THE MOUNT OLIVE TOWNSHIP SCHOOL DISTRICT FOR THE FISCAL YEAR ENDED JUNE 30, 2019 TABLE OF CONTENTS INTRODUCTORY SECTION Page Letter of Transmittal 1-9 Organizational Chart 10 Roster of Officials 11 Consultants and Advisors 12 FINANCIAL SECTION Independent Auditors’ Report 13-16 Required Supplementary Information - Part I (Unaudited) Management's Discussion and Analysis 17-27 Basic Financial Statements A. District-wide Financial Statements A-1 Statement of Net Position 28 A-2 Statement of Activities 29 B. Fund Financial Statements Governmental Funds: B-1 Balance Sheet 30 B-1a Reconciliation of the Governmental Funds Balance Sheet with the Statement of Net Position 31 B-2 Statement of Revenues, Expenditures and Changes in Fund Balances 32 B-3 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities 33-34 Proprietary Fund: B-4 Statement of Net Position 35 B-5 Statement of Revenues, Expenses and Changes in Net Position 36 B-6 Statement of Cash Flows 37 Fiduciary Funds: B-7 Statement of Fiduciary Net Position 38 B-8 Statement of Changes in Fiduciary Net Position 39 Notes to the Basic Financial Statements 40-74 Required Supplementary Information - Part II (Unaudited) C.
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