Comprehensive Annual Financial Report
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Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2015 Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2015 Columbia Borough School District, Columbia, Pennsylvania COMPREHENSIVE ANNUAL FINANCIAL REPORT of the COLUMBIA BOROUGH SCHOOL DISTRICT Columbia, Pennsylvania FISCAL YEAR ENDED JUNE 30, 2015 Report issued by the School District’s Business Office Amy Light, PRSBA, Business Manager COMPLIANCE STATEMENT The Columbia Borough School District continues its policy of non-discrimination on the basis of race, age, sex, religion, color, national origin, handicap, disability or genetic information as applicable in its educational programs, activities, or employment policies as required by Title IX of the 1972 Educational Amendments Title VI of the Civil Disabilities Act and all other applicable state, federal and local laws and ordinances. For information regarding Title IX compliance, Section 504 compliance, or the Americans with Disabilities Act, contact Dr. Carol L. Powell, Ph.D., Columbia Borough School District, 200 N. 5th Street, Columbia, PA 17512, (717) 684-2283. COLUMBIA BOROUGH SCHOOL DISTRICT, PENNSYLVANIA COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2015 TABLE OF CONTENTS INTRODUCTORY SECTION Page Transmittal Letter .................................................................................................................................... I – 1 List of Principal Officials ........................................................................................................................ I – 12 Organizational Chart ............................................................................................................................. I – 13 ASBO Certificate of Excellence ............................................................................................................ I – 14 GFOA Certificate of Achievement ......................................................................................................... I – 15 FINANCIAL SECTION Independent Auditor’s Report ................................................................................................................ F – 1 Management’s Discussion and Analysis Required ................................................................................. F – 4 BASIC FINANCIAL STATEMENTS ..................................................................................................... F – 19 Statement of Net Position .................................................................................................................. F – 20 Statement of Activities ....................................................................................................................... F – 23 Balance Sheet – Governmental Funds .............................................................................................. F – 24 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position ............................................................................................................... F – 25 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ........ F – 26 Reconciliation of the Governmental Fund Statement of Revenues, Expenditures and Changes in Fund Balance to the Statement of Activities ................................................................................ F – 28 Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual – General Fund .................................................................................................................................. F – 30 Statement of Net Position – Proprietary Funds .................................................................................. F – 32 Statement of Revenue, Expenses and Changes in Net Position – Proprietary Funds……………….. F – 33 Statement of Cash Flows – Proprietary Funds ................................................................................... F – 34 Statement of Fiduciary Net Position – Fiduciary Funds ...................................................................... F – 35 Statement of Changes in Fiduciary Net Position – Fiduciary Funds ................................................... F – 36 Notes to Financial Statements ........................................................................................................... F – 37 i COLUMBIA BOROUGH SCHOOL DISTRICT, PENNSYLVANIA COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2015 TABLE OF CONTENTS (continued) FINANCIAL SECTION (continued) SUPPLEMENTARY INFORMATION ................................................................................................... F – 61 FIDUCIARY FUNDS ......................................................................................................................... F – 65 Statement of Changes in Assets and Liabilities – Agency Fund ............................................... F – 66 Combining Statement of Fiduciary Net Position ....................................................................... F – 67 Combining Statement of Changes in Fiduciary Net Position ..................................................... F – 68 STATISTICAL SECTION Section Overview ................................................................................................................................... S – 1 Net Position by Component ................................................................................................................... S – 2 Expenses, Program Revenues and Net (Expense)/Revenue ................................................................. S – 4 Governmental Funds – Fund Balances .................................................................................................. S – 8 Governmental Funds – Changes in Fund Balances ............................................................................. S – 10 General Fund Revenues and Other Financing Sources by Source ...................................................... S – 14 General Fund Expenditures and Other Financing Uses by Function .................................................... S – 16 General Fund Cost per Pupil for Expenditures and Other Financing Uses ........................................... S – 18 Assessed Value and Estimated Actual Value of Taxable Property ....................................................... S – 20 Property Tax Rates (per $1,000 of Assessed Valuation) – Direct and Overlapping Governments ....... S – 22 Property Tax Levies and Collections .................................................................................................... S – 24 Construction Permits and Market Values ............................................................................................. S – 26 Governmental Funds – Most Significant Own-Source Revenues ......................................................... S – 27 Ten Largest Real Property Taxpayers ................................................................................................. S – 28 Bank Deposit Information .................................................................................................................... S – 30 Gross Principal Debt Outstanding ........................................................................................................ S – 31 Computation of Direct and Overlapping Debt ....................................................................................... S – 32 ii COLUMBIA BOROUGH SCHOOL DISTRICT, PENNSYLVANIA COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Fiscal Year Ended June 30, 2015 TABLE OF CONTENTS (continued) STATISTICAL SECTION (continued) Computation of Legal Debt Margin ...................................................................................................... S – 33 Legal Debt Margin Information ............................................................................................................. S – 34 Ratio of Net General Bonded Debt to Assessed Value And Net Bonded Debt Per Capita ................................................................................................... S – 36 Population Trends ............................................................................................................................... S – 38 Demographic and Economic Statistics ................................................................................................. S – 40 Ten Largest Area Employers ............................................................................................................... S – 42 Lancaster County School District Selected Data with State Rankings .................................................. S – 44 Lancaster County School District Student/Teacher Data ..................................................................... S – 46 Staff FTE ............................................................................................................................................. S – 48 Salary Data for Professional Staff ........................................................................................................ S – 50 Professional and Administrative Staff Summary .................................................................................. S – 52 Support Staff Summary ....................................................................................................................... S – 54 District Facilities ..................................................................................................................................