Lenape Regional High School District
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LENAPE REGIONAL HIGH SCHOOL DISTRICT Shamong, New Jersey County of Burlington COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2017 COMPREHENSIVE ANNUAL FINANCIAL REPORT OF THE LENAPE REGIONAL HIGH SCHOOL DISTRICT SHAMONG, NEW JERSEY FOR THE FISCAL YEAR ENDED JUNE 30, 2017 Prepared by Lenape Regional High School District Finance Department OUTLINE OF CAFR - GASB #34 PAGE INTRODUCTORY SECTION Letter of Transmittal 1 Organizational Chart 5 Roster of Officials 13 Consultants and Advisors 15 FINANCIAL SECTION Independent Auditors' Report 19 REQUIRED SUPPLEMENTARY INFORMATION - PART I Management's Discussion & Analysis 25 BASIC FINANCIAL STATEMENTS A. Government-Wide Financial Statements: A-1 Statement of Net Position 37 A-2 Statement of Activities 38 B. Fund Financial Statements: Governmental Funds: B-1 Balance Sheet 45 B-2 Statement of Revenues, Expenditures & Changes in Fund Balance 46 B-3 Reconciliation of the Statement of Revenues, Expenditures & Changes in Fund Balance of Governmental Funds to the Statement of Activities 47 Proprietary Funds: B-4 Statement of Net Position 51 B-5 Statement of Revenues, Expenditures & Changes in Fund Net Position 52 B-6 Statement of Cash Flows 53 Fiduciary Funds: B-7 Statement of Fiduciary Net Position 57 B-8 Statement of Changes in Fiduciary Net Position 58 Notes to Financial Statements 61 REQUIRED SUPPLEMENTARY INFORMATION - PART II C. Budgetary Comparison Schedules: C-1 Budgetary Comparison Schedule - General Fund 103 C-1a Combining Schedule of Revenue, Expenditures & Changes in Fund Balance - Budget & Actual N/A C-1b Education Jobs Fund Program - Budget & Actual N/A C-2 Budgetary Comparison Schedule - Special Revenue Fund 112 Notes to the Required Supplementary Information - Part II C-3 Budget-to-GAAP Reconciliation 115 REQUIRED SUPPLEMENTARY INFORMATION - PART III L. Schedules Related to Accounting and Reporting for Pensions (GASB 68): L-1 Schedule of the District's Proportionate Share of the Net Pension Liability - PERS 121 L-2 Schedule of District Contributions - PERS 122 L-3 Schedule of the District's Proportionate Share of the Net Pension Liability - TPAF 123 L-4 Schedule of School District Contribuions - TPAF 124 Notes to the Required Supplementary Information - Part III 125 D. School Based Budget Schedules Fund: D-1 Combining Balance Sheet N/A D-2 Blended Resource Fund - Schedule of Expenditures Allocated by Resource Type - Actual N/A D-3 Blended Resource Fund - Schedule of Blended Expenditures - Budget & Actual N/A E. Special Revenue Fund: E-1 Combining Schedule of Revenues & Expenditures - Special Revenue Fund - Budgetary Basis 133 E-2 Preschool Education Aid Schedule(s) of Expenditures - Budgetary Basis N/A F. Capital Projects Fund: F-1 Summary Statement of Project Expenditures 137 F-2 Summary Schedule of Revenues, Expenditures and Changes in Fund Balance - Budgetary Basis 138 F-2a Schedule of Revenues, Expenditures, Project Balance & Project Status - Budgetary Basis 139 F-2b Schedule of Revenues, Expenditures, Project Balance & Project Status - Budgetary Basis 140 F-2c Schedule of Revenues, Expenditures, Project Balance & Project Status - Budgetary Basis 141 F-2d Schedule of Revenues, Expenditures, Project Balance & Project Status - Budgetary Basis 142 F-2e Schedule of Revenues, Expenditures, Project Balance & Project Status - Budgetary Basis 143 G. Proprietary Funds: Enterprise Funds: G-1 Combining Statement of Net Position 149 G-2 Combining Statement of Revenues, Expenses & Changes in Fund Net Position 150 G-3 Combining Statement of Cash Flows 151 Internal Service Funds: G-4 Combining Statement of Net Position N/A G-5 Combining Statement of Revenues, Expenses & Changes in Fund Net Position N/A G-6 Combining Statement of Cash Flows N/A H. Fiduciary Funds: H-1 Combining Statement of Fiduciary Net Position 157 H-2 Combining Statement of Changes in Fiduciary Net Position 158 H-3 Student Activity Agency Fund Schedule of Receipts & Disbursements 159 H-4 Payroll Agency Fund Schedule of Receipts & Disbursements 159 I. Long-Term Debt: I-1 Schedule of Serial Bonds 163 I-2 Schedule of Obligations Under Capital Leases 164 I-3 Debt Service Fund Budgetary Comparison Schedule 165 STATISTICAL SECTION (unaudited) Financial Trends: J-1 Net Position by Component 169 J-2 Changes in Net Position 170 J-3 Fund Balances - Governmental Funds 173 J-4 Changes in Fund Balance - Governmental Funds 174 J-5 Other Local Revenue by Source - General Fund 176 Revenue Capacity: J-6 Assessed Value & Estimated Actual Value of Taxable Property 177 J-7 Direct & Overlapping Property Tax Rates 180 J-8 Principal Property Taxpayers 183 J-9 Property Tax Levies & Collections 186 Debt Capacity: J-10 Ratios of Outstanding Debt by Type 187 J-11 Ratios of General Bonded Debt Outstanding 188 J-12 Direct & Overlapping Governmental Activities Debt 189 J-13 Legal Debt Margin Information 191 Demographic & Economic Information: J-14 Demographic & Economic Statistics 192 J-15 Principal Employers 195 Operating Information: J-16 Full-Time Equivalent District Employees by Function/Program 196 J-17 Operating Statistics 197 J-18 School Building Information 198 J-19 Schedule of Required Maintenance 199 J-20 Insurance Schedule 200 SINGLE AUDIT SECTION K-1 Independent Auditors' Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 203 K-2 Independent Auditors' Report on Compliance for Each Major Program and on Internal Control Over Compliance Required by The Uniform Guidance New Jersey OMB Circular 15-08 205 K-3 Schedule of Expenditures of Federal Awards, Schedule A 209 K-4 Schedule of Expenditures of State Financial Assistance, Schedule B 210 K-5 Notes to Schedules of Awards and Financial Assistance 211 K-6 Schedule of Findings & Questioned Costs Section I 213 K-7 Scheudle of Findings & Questioned Costs Section II & Section III 215 K-8 Summary Schedule of Prior Audit Findings 217 This page intentionally left blank INTRODUCTORY SECTION This page intentionally left blank. 1 2 3 4 TABLE OF ORGANIZATION LENAPE REGIONAL HIGH SCHOOL DISTRICT DISTRICT STAFF June 30, 2017 Carol Birnbohm, Ed. D. Superintendent Paige MacGregor James Kehoe Director of Personnel/Staff Coordinator of Security and Development Emergency Management Elaine Kurtz James Hager High School Principals Coordinator of Administrative Services Business Administrator/Board Secretary Patricia Piserchia Assistant Principals/Subject Supervisors/ Director of Special Services Athletics/Activity Directors Constance Stewart Assistant Business Administrator Matthew Webb Nicole Robostello Director of Programs & Planning Director of Business Services Heather Xenakis Director of Curriculum & Bernadette Fillman Instruction Director of Transportation Justin Smith, Ed. D. Assessment, Accountability & Anthony Voiro Planning Coordinator Director of Buildings & Grounds John Donaldson Food Services Director of LDTV 5 TABLE OF ORGANIZATION LENAPE REGIONAL HIGH SCHOOL DISTRICT LENAPE HIGH SCHOOL NORTH AND SOUTH June 30, 2017 Valdemar Cattani Principal Amanda Cassel Joseph De Julius William Murray Eugene Jones Gary Noecker Brian Laddey Assistant Principal Assistant Principal Assistant Principal Assistant Principal Assistant Principal Assistant Principal Athletic Health/PE/Business World Language/Family & Special Education Art/Music/Science Math/Guidance Director/Activities/ISS/ Technology/JROTC Cons. Science Nurses Lawrence Strittmatter Assistant Principal English/Humanities/Security 6 TABLE OF ORGANIZATION LENAPE REGIONAL HIGH SCHOOL DISTRICT SHAWNEE HIGH SCHOOL June 30, 2017 Matthew Campbell Principal Richard Dodd Ann Rychlik Assistant Principal Assistant Principal Athletic Director/Health & PE Special Ed/Paraprofessionals Lorna Fairess Craig Bookwalter Assistant Principal Assistant Principal English/World Language/Family & Cons. Science/Business/Technology Science Barbara Fuoco Ryann DiNatale Assistant Principal Assistant Principal Guidance/Social Math/Nurses/Parking Studies/Art/Music 7 TABLE OF ORGANIZATION LENAPE REGIONAL HIGH SCHOOL DISTRICT CHEROKEE HIGH SCHOOL SOUTH June 30, 2017 Leonard Iannelli Principal Jo Ann Jankowski David New Steve Ciancitto Assistant Principal Assistant Principal Assistant Principal Special Education English/Media Center Health & PE/Business/Technology David Belville Assistant Principal Science 8 TABLE OF ORGANIZATION LENAPE REGIONAL HIGH SCHOOL DISTRICT CHEROKEE HIGH SCHOOL NORTH June 30, 2017 Donna Charlesworth Principal Shannon Bretz Steve Lee Scott Agnew Assistant Principal Assistant Principal Assistant Principal World Langugag/FCS Humanities/Art/Music/ROTC Athletic Director/Nurses/Security Chris Callinan Assistant Principal Math/Counseling 9 TABLE OF ORGANIZATION LENAPE REGIONAL HIGH SCHOOL DISTRICT SENECA HIGH SCHOOL June 30, 2017 Jeffrey Spector Principal David Knecht Patricia LaBouff William Cornell Assistant Principal Assistant Principal Assistant Principal Counseling/Family & Cons. English/World Language/Music/Media Vocational/Spec. Ed/Business Science/Humanities/Art/ JROTC Bradley Bauer David Maier Assistant Principal Assistant Principal Athletic Director/Health/PE/Nurses Science/Math/Security 10 TABLE OF ORGANIZATION LENAPE REGIONAL HIGH SCHOOL DISTRICT SEQUOIA TRANSITIONAL HIGH SCHOOL June 30, 2017 Ben Lamberson Director 11 This page intentionally left blank 12 LENAPE REGINAL HIGH SCHOOL DISTRICT SHAMONG, NEW JERSEY ROSTER OF OFFICIALS JUNE 30, 2017 MEMBERS OF THE BOARD OF EDUCATION TERM EXPIRES