Board of Education Meeting Exhibit B for December 20, 2005
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Fiscal year ended June 30, 2005 FOCUSED ON QUALITY COMMITTED TO EXCELLENCE Comprehensive Annual Financial Report Board of Education of Baltimore County 6901 Charles Street Towson, Maryland 21204 A component unit of Baltimore County, Maryland COMPREHENSIVE ANNUAL FINANCIAL REPORT Board of Education of Baltimore County A Component Unit of Baltimore County, Maryland 6901 North Charles Street, Towson, Maryland 21204 FISCAL YEAR ENDED JUNE 30, 2005 Mr. James R. Sasiadek, President Mr. Thomas G. Grzymski, Vice President Mr. Donald L. Arnold Mr. Luis E. Borunda Ms. Frances A. S. Harris Mr. John A. Hayden III, Esq. Dr. Warren C. Hayman Mr. Rodger C. Janssen Ms. Ramona N. Johnson Mr. Michael P. Kennedy Ms. Joy Shillman Mr. Nicholas P. Camp, Student Member Dr. Joe A. Hairston, Superintendent and Secretary-Treasurer Dr. Christine M. Johns, Deputy Superintendent ~ Curriculum and Instruction Mr. J. Robert Haines, Esq. Deputy Superintendent ~ Business Services Ms. Rita M. Fromm, Chief of Staff Prepared by the Division of Business Services Acknowledgements Student Artwork and Literature The student artwork and literature displayed in this report are the work of Baltimore County Public School students. We appreciate their contribution and acknowledge the hard work of the students and teachers of Woodlawn High School. The students who participated are as follows: Walter Stewart Devrin Bowling Janay Mincey Joelle Taylor Shinera Mitchell Jordan Carter Farha Marfani Justin A. Walker Board of Education of Baltimore County Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2005 TABLE OF CONTENTS Page INTRODUCTORY SECTION Organization Chart............................................................................................ 1 Superintendent’s Staff....................................................................................... 2 Letter of Transmittal ......................................................................................... 3 GFOA Certificate of Achievement ................................................................. 15 ASBO International Certificate of Excellence................................................ 16 FINANCIAL SECTION Independent Auditors’ Report......................................................................... 17 Management’s Discussion and Analysis ........................................................ 19 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Assets...................................................................... 38 Statement of Activities........................................................................ 39 Fund Financial Statements: Balance Sheets – Governmental Funds............................................... 40 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets ................................................................. 41 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ................................................................... 42 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities................................................................... 43 Statement of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – General Fund............................................. 44 Statement of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual – Special Revenue Fund............................... 45 Statement of Net Assets – Proprietary Fund....................................... 46 Statement of Revenues, Expenses and Changes in Fund Net Assets – Proprietary Fund.......................................................................... 47 Statement of Cash Flows – Proprietary Fund ..................................... 48 Statement of Fiduciary Net Assets – Fiduciary Fund ......................... 49 Statement of Changes in Fiduciary Net Assets – Fiduciary Fund ...... 50 Notes to the Basic Financial Statements................................................... 51 Individual Fund Financial Statement: Statement of Changes in Assets and Liabilities – Agency Fund ........ 73 iii Page STATISTICAL SECTION Enrollment by Grades......................................................................................75 Enrollment by Schools ....................................................................................76 Government-wide Information: Government-wide Expenses by Function..................................................78 Government-wide Revenues.....................................................................80 Governmental Funds Information: Governmental Funds Expenditures by Function .......................................82 Governmental Fund Revenues by Source .................................................84 Final Approved Operating Budgets – Expenditures .................................86 General Fund – Revenue and Expenditures – Budgetary Basis ...............88 Cost Per Pupil – Budgetary Basis ...................................................................90 Other Data .......................................................................................................91 iv Baltimore County Public Schools Organization Chart As of June 30, 2005 Students, Parents, and Community Board of Education Chief Auditor Internal Audit Board Attorney Ombudsman Superintendent Deputy Superintendent Deputy Superintendent Curriculum and Business Services Instruction Chief of Staff Assistant to the Superintendent Executive Director Governmental Physical Facilities Executive Director Executive Director Relations Elementary Student Support Executive Director Programs Services Southwest Area Schools Assistant to the Executive Director Executive Director Executive Director Superintendent Fiscal Services Equity & Assurance Secondary Federal & State Executive Director Programs Programs Northwest Area Schools Executive Director Director Human Resources Executive Director Legal Counsel Accountability, Special Programs Executive Director to Research and PreK-12 Central Superintendent Testing Area Schools Executive Director Director Director Technology Math Professional Executive Director Chief PreK-12 Development Northeast Communications Area Schools Officer Communications Executive Director Director Planning and Support Operations Science Executive Director PreK-12 Southeast Area Schools 1 Superintendent’s Staff As of June 30, 2005 Dr. Joe A. Hairston Superintendent J. Robert Haines, Esq. Deputy Superintendent of Business Services Dr. Christine M. Johns Deputy Superintendent of Curriculum and Instruction Rita M. Fromm Chief of Staff Dr. Barbara J. Dezmon Assistant to the Superintendent for Equity and Assurance Vacant Assistant to the Superintendent for Government Relations Dr. Kim X. Whitehead Executive Director of Schools - Central Regina E. Satterfield Executive Director of Schools - Southeast Dr. Richard M. Milbourne Executive Director of Schools - Southwest William A. Lawrence Executive Director of Schools - Northeast Dr. H. Scott Gehring Executive Director of Schools - Northwest Kathleen M. McMahon Executive Director of Elementary Programs Michael G. Sines Executive Director of Physical Facilities Ronald P. Boone Executive Director of Federal and State Programs Barbara S. Burnopp Executive Director of Fiscal Services Dr. Donald A. Peccia Executive Director of Human Resources Gregory R. Barlow Executive Director of Technology Don J. Dent Executive Director of Planning and Support Operations Dr. Gwendolyn R. Grant Executive Director of Secondary Programs Phyllis A. Bailey Executive Director of Special Programs PreK-12 Dale R. Rauenzahn Executive Director of Student Support Services 2 BALTIMORE COUNTY PUBLIC SCHOOLS Dr. Joe A. Hairston Superintendent 6901 Charles Street Towson, MD 21204 September 30, 2005 Members of the Board of Education: In compliance with the Public School Laws of the State of Maryland, the Division of Business Services (the Division) publishes the Comprehensive Annual Financial Report of the Board of Education of Baltimore County (the Board). The responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation rests with the management of the Baltimore County Public Schools. We believe the data as presented are accurate in all material aspects and that they are presented in a manner designed to set forth the financial position and results of operations of the Board as measured by the financial activity. All matters relating to education and operations in the Baltimore County Public Schools are governed and controlled by the Board, as provided by the Public School Laws of Maryland. The Board has the responsibility to maintain a reasonable, uniform system of public schools providing quality education for all young people of Baltimore County. With the advice of the Superintendent, the Board establishes schools and determines the geographical attendance areas for them. Upon recommendation of the Superintendent, the Board approves education policy and prescribes the rules and regulations for the management and conduct of the school system. The activities, funds, and entities related to the Baltimore County Public Schools included in this Comprehensive Annual Financial Report are those in which the Board exercises oversight responsibility. All funds and accounts of the Board are included in this Comprehensive Annual Financial