Comprehensive Annual Financial Report
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COMMITTED TO EXCELLENCE S I N C E 1 9 2 0 Grossmont Union High School District 1100 Murray Drive, El Cajon, CA 92020 COMPREHENSIVE ANNUAL FINANCIAL REPORT For Fiscal Year Ended June 30, 2019 Grossmont · El Cajon Valley · Mt. Miguel · El Capitan · Granite Hills · Monte Vista · Santana · Valhalla · West Hills · Chaparral · IDEA (This page intentionally left blank) GROSSMONT UNION HIGH SCHOOL DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2019 GOVERNING BOARD Mr. Robert Shield President Mr. Chris Fite Vice-President Ms. Elva Salinas Clerk Mr. Jim Kelly Member Dr. Gary Woods Member Dr. Tim Glover Superintendent Mr. Scott Patterson Deputy Superintendent, Business Services Ms. Theresa Kemper Assistant Superintendent, Educational Services Ms. Julia Mottershaw Assistant Superintendent, Human Resources Issued by: Business Services Division Grossmont Union High School District 1100 Murray Drive, El Cajon, CA 92020 GROSSMONT UNION HIGH SCHOOL DISTRICT Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2019 Table of Contents I. INTRODUCTORY SECTION Page Letter of Transmittal i GFOA Certificate of Achievement xii Organizational Chart xiii II. FINANCIAL SECTION INDEPENDENT AUDITOR'S REPORT 1 MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) 3 BASIC FINANCIAL STATEMENTS: Government-Wide Financial Statements: Statement of Net Position 10 Statement of Activities 11 Fund Financial Statements: Governmental Funds - Balance Sheet 12 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position 13 Governmental Funds - Statement of Revenues, Expenditures and Changes in Fund Balances 14 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities 15 Proprietary Funds - Statement of Net Position 17 Proprietary Funds - Statement of Revenues, Expenses, and Changes in Net Position 18 Proprietary Funds - Statement of Cash Flows 19 Fiduciary Funds - Statement of Net Position 20 Fiduciary Funds - Statement of Changes in Net Position 21 Notes to Financial Statements 22 REQUIRED SUPPLEMENTARY INFORMATION General Fund - Budgetary Comparison Schedule 59 Schedule of Changes in Net OPEB Liability and Related Ratios - District Plan 60 Schedule of Changes in Net OPEB Liability and Related Ratios - MPP Program 61 Schedule of the District's Proportionate Share of the Net Pension Liability - CalSTRS 62 Schedule of the District's Proportionate Share of the Net Pension Liability - CalPERS 63 Schedule of District Contributions - CalSTRS 64 Schedule of District Contributions - CalPERS 65 Notes to Required Supplementary Information 66 GROSSMONT UNION HIGH SCHOOL DISTRICT Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2019 Table of Contents Page SUPPLEMENTARY INFORMATION Schedule of Expenditures of Federal Awards 68 Schedule of Average Daily Attendance (ADA) 69 Schedule of Instructional Time 70 Schedule of Financial Trends and Analysis 71 Reconciliation of Annual Financial and Budget Report with Audited Financial Statements 72 Schedule of Charter Schools 73 Combining Statements - Non-Major Governmental Funds Combining Balance Sheet 74 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 75 Adult Education Fund - Budgetary Comparison Schedule 76 Cafeteria Fund - Budgetary Comparison Schedule 77 Building Fund - Budgetary Comparison Schedule 78 Capital Facilities Fund - Budgetary Comparison Schedule 79 County School Facilities Fund - Budgetary Comparison Schedule 80 Special Reserve for Capital Outlay Fund - Budgetary Comparison Schedule 81 Bond Interest and Redemption Fund - Budgetary Comparison Schedule 82 Internal Service Fund - Budgetary Comparison Schedule 83 Local Education Agency Organization Structure 84 Notes to Supplementary Information 85 OTHER INDEPENDENT AUDITORS' REPORTS 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 87 Report on Compliance For Each Major Federal Program; and Report on Internal Control Over Compliance Required by the Uniform Guidance 89 Report on State Compliance 91 SCHEDULE OF AUDIT FINDINGS AND QUESTIONED COSTS Summary of Auditor's Results 94 Financial Statement Findings 95 Federal Award Findings and Questioned Costs 96 State Award Findings and Questioned Costs 97 Summary Schedule of Prior Audit Findings 98 Management Letter 99 GROSSMONT UNION HIGH SCHOOL DISTRICT Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2019 Table of Contents III. STATISTICAL SECTION Page Financial Trends: Net Position by Component S2 Changes in Net Position S3 Fund Balances - Governmental Funds S5 Changes in Fund Balances of Governmental Funds S6 Revenue Capacity: Assessed Valuations S7 Property Tax Levies and Collections S7.1 Debt Capacity: Direct and Overlapping Tax and Assessment Debt S8 Bonding Issuance Capacity S9 Principal Property Taxpayers S10 Outstanding Debt by Type S11 Demographic and Economic Information: County-Wide Demographic and Economic Statistics S12 Principal Employers S13 Operating Information: Operating Statistics S14 Full-Time Equivalent District Employees by Type S15 Capital Assets Information S16 (This page intentionally left blank) Grossmont Union High School District 1100 Murray Drive, El Cajon, CA 92020 COMPREHENSIVE ANNUAL FINANCIAL REPORT for Fiscal Year Ended June 30, 2019 Monte Vista Boys Tennis win CIF Title Introductory Section Grossmont · El Cajon Valley · Mt. Miguel · El Capitan · Granite Hills Monte Vista · Santana · Valhalla · West Hills · Chaparral · IDEA COMMITTED TO EXCELLENCE S I N C E 1 9 2 0 • GOVERNING BOARD MEMBERS CHRIS FITE JIM KELLY ELVA SALINAS ROBERT SHIELD DR. GARY C. WOODS • SUPERINTENDENT COMMITTED TO EXCELLENCE S I N C E 1 9 2 0 DR. TIM GLOVER December 17, 2019 Governing Board Grossmont Union High School District 1100 Murray Drive El Cajon, CA 92020 We are pleased to present the Comprehensive Annual Financial Report (CAFR) for the Grossmont Union High School District for the year ended June 30, 2019. State law mandates that school districts publish a complete set of financial statements prepared in conformity with generally accepted accounting principles and audited in accordance with auditing standards generally accepted in the United States of America by a certified public accounting firm licensed in the State of California. This requirement is satisfied through the publication of our audited financial statements. The CAFR goes beyond this basic requirement by providing additional descriptive and statistical information. This report consists of management’s representations concerning the finances of the District. Consequently, management assumes full responsibility for both the accuracy of the data, and the completeness and fairness of the presentation, including all disclosures. To provide a reasonable basis for making these representations, management of the District has established a comprehensive internal control framework that is designed both to protect the District’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the District’s financial statements in conformity with accounting principles generally accepted in the United States of America. Because the cost of internal controls should not outweigh their benefits, the District’s comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. To the best of our knowledge and belief, the enclosed data are accurate in all material respects and are reported in a manner designed to present fairly the financial position and results of operations of the various funds of the School District. All disclosures necessary to enable the reader to gain an understanding of the District’s financial activity have been included. Christy White Associates, a certified public accounting firm, has audited the District’s financial statements. The goal of the independent audit was to provide reasonable assurance that the financial statements of the District for the fiscal year ended June 30, 2019, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. Based i Comprehensive Annual Financial Report December 17, 2019 Page Two upon the audit, Christy White Associates concluded that there was a reasonable basis for rendering an unmodified opinion on the District’s financial statements for the fiscal year ended June 30, 2019. The independent auditors’ report is presented as the first component of the financial section of this report. The District is required to undergo an annual single audit in conformity with the provisions of the Single Audit Act Amendments of 1996 and U. S. Uniform Guidance for Federal Awards. The schedule of expenditures of federal awards required by the Single Audit Act, along with the auditors’ report on the internal control and compliance with applicable laws and regulations are included at the end of this report. This letter of transmittal is designed to introduce and transmit the Comprehensive Annual Financial Report as well as to complement the Management’s