Comprehensive Annual Financial Report
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For the Years Ended August 31, 2018 and 2017 ALAMO COMMUNITY COLLEGE DISTRICT San Antonio, Texas Comprehensive Annual Financial Report For the Years Ended August 31, 2018 and 2017 Prepared by: Finance and Fiscal Services Department ALAMO COMMUNITY COLLEGE DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF CONTENTS INTRODUCTORY SECTION Transmittal Letter ........................................................................................................................................................ 1 Organizational Data ................................................................................................................................................. 6 Mission, Vision and Values ........................................................................................................................................ 8 Certificate of Achievement for Excellence in Financial Reporting – August 31, 2017 ................................... 9 FINANCIAL SECTION Report of Independent Certified Public Accountants ........................................................................................ 13 Management’s Discussion and Analysis (Unaudited) .......................................................................................... 17 Basic Financial Statements Exhibit 1—Statements of Net Position ...................................................................................................... 33 Exhibit 1A—Statements of Financial Position (Alamo Colleges Foundation, Inc.) ............................. 34 Exhibit 1B—Statements of Net Position (ACCD Public Facility Corporation) .................................... 35 Exhibit 2—Statements of Revenues, Expenses and Changes in Net Position..................................... 36 Exhibit 2A—Statements of Activities (Alamo Colleges Foundation, Inc.) ............................................ 37 Exhibit 2B—Statements of Revenues, Expenses and Changes in Net Position (ACCD Public Facility Corporation) ................................................................................... 38 Exhibit 3—Statements of Cash Flows ....................................................................................................... 39 Notes to Financial Statements .................................................................................................................... 41 Required Supplementary Information Schedule of District’s Proportionate Share of Net Pension Liability .................................................... 87 Schedule of District Contributions for Pensions ........................................................................................ 88 Notes to Required Supplementary Information Related to Net Pension Liability ............................. 89 Schedule of District’s Proportionate Share of Net OPEB Liability ....................................................... 90 Schedule of District Contributions for OPEB ............................................................................................. 91 Notes to Required Supplementary Information Related to OPEB ....................................................... 92 Supplementary Information Schedule A—Schedule of Operating Revenues ..................................................................................... 95 Schedule B—Schedule of Operating Expenses by Object ................................................................... 96 Schedule C—Schedule of Non-Operating Revenues and Expenses ................................................... 97 Schedule D—Schedule of Net Position by Source and Availability .................................................... 98 Schedule E—Schedule of Expenditures of Federal Awards ................................................................. 99 Notes to Schedule of Expenditures of Federal Awards ..................................................................... 102 Schedule F—Schedule of Expenditures of State Awards .................................................................. 104 Notes to Schedule of Expenditures of State Awards .......................................................................... 105 ALAMO COMMUNITY COLLEGE DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF CONTENTS OTHER INFORMATION—BY LOCATION (Unaudited) Schedule of Operating Revenues by Location ................................................................................................. 109 Schedule of Operating Expenses by Location .................................................................................................. 110 Schedule of Non-Operating Revenues and Expenses by Location ............................................................... 111 Schedule of Capital Assets by Asset Types ...................................................................................................... 112 Schedule of Capital Assets by Location ............................................................................................................. 113 STATISTICAL SECTION (Unaudited) Statistical Section Introduction ............................................................................................................................. 117 Statistical Supplement 1—Net Position by Component .................................................................................. 119 Statistical Supplement 2—Revenues by Source ............................................................................................... 120 Statistical Supplement 3—Program Expenses by Function ............................................................................ 121 Statistical Supplement 4—Tuition and Fees ...................................................................................................... 122 Statistical Supplement 5—Assessed Value and Taxable Assessed Value of Property ............................ 123 Statistical Supplement 6a—General Appropriations Act Before Contact Hour Adjustments .................. 124 Statistical Supplement 6b—State Appropriation Per FTSE ........................................................................... 125 Statistical Supplement 6c—State Appropriation Per Funded Contact Hour .............................................. 126 Statistical Supplement 6d—State Appropriation Per Student Success Point .............................................. 127 Statistical Supplement 6e—Student Success Points ......................................................................................... 128 Statistical Supplement 7—Principal Taxpayers ............................................................................................... 129 Statistical Supplement 8—Property Tax Levies and Collections................................................................... 130 Statistical Supplement 9—Ratios of Outstanding Debt .................................................................................. 131 Statistical Supplement 10—Legal Debt Margin Information ......................................................................... 132 Statistical Supplement 11—Pledged Revenue Coverage ............................................................................. 133 Statistical Supplement 12—Demographics and Economic Statistics—Taxing District ............................... 134 Statistical Supplement 13—Principal Employers ............................................................................................. 135 Statistical Supplement 14—Faculty, Staff and Administrators Statistics ..................................................... 136 Statistical Supplement 15—Enrollment Details ................................................................................................ 137 Statistical Supplement 16—Student Profile ...................................................................................................... 138 Statistical Supplement 17—Transfer Students to Senior Institutions ............................................................. 139 Statistical Supplement 18—Capital Asset Information ................................................................................... 140 ALAMO COMMUNITY COLLEGE DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF CONTENTS SINGLE AUDIT SECTION Report of Independent Certified Public Accountants on Internal Control Over Financial Reporting and on Compliance and Other Matters Required by Government Auditing Standards .......................................................................................................................................... 143 Report of Independent Certified Public Accountants on Compliance for Each Major Federal Program and on Internal Control Over Compliance Required by the Uniform Guidance .......................................................................................................................................................... 145 Schedule of Federal Findings and Questioned Costs ...................................................................................... 147 Report of Independent Certified Public Accountants on Compliance for Each Major State Program and on Internal Control Over Compliance Required by the State of Texas Uniform Grant Management Standards ..................................................................................................... 149 Schedule of State of Texas Findings and Questioned Costs .......................................................................... 151 Introductory Section December 11, 2018 To the Board