Basic Financial Statements
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Calcasieu Parish School Board Comprehensive Annual Financial Report July 1, 2019 - June 30, 2020 3310 Broad Street Lake Charles, LA 70615 COVER ARTWORK: Ella Clooney, Grade 2, Westwood Elementary, Teacher – Melinda Harrell Overview: Each year Calcasieu Parish School Art Department challenges its art teachers to work with students in grades K-12 to study and explore one of the current year’s themed units of study. One of the K-12 ~ 2019-2020 ~ curriculum studies was Toys R Art. Following curriculum presentation and review, teachers were asked to challenge their students to develop their observational skills through drawing still lifes of toys; modification of an existing toy; and by creating or by designing a brand new (original) toy. These works of art were all set to be exhibited March19, 2020, at the Imperial Calcasieu Museum of Lake Charles. On March 13, 2020, we were issued a mandatory stay at home order due to COVID 19… and then came Hurricanes Laura and Delta. Like most school systems we got back to work as soon as we could. In the process of cleaning up, we discovered (damage free) student 2-D art works featuring Toys. The 3- D toys did not fare as well. The museums may have temporarily closed their doors, but our students and teachers can still be showcased. Thanks to our school district for the opportunity and the privilege to shine the light on ART through this publication. (Disclaimer: All student names and artwork contained herein are published with express written consent from each student’s parent or legal guardian.) Calcasieu Parish School Board Lake Charles, Louisiana Comprehensive Annual Financial Report For The Fiscal Year July 1, 2019 - June 30, 2020 Prepared By Department of Management & Finance Calcasieu Parish School Board This page intentionally left blank Calcasieu Parish School Board Table of Contents Page INTRODUCTORY SECTION Table of Contents i - iii Transmittal Letter iv – xxviii GFOA Certificate of Achievement for Excellence in Financial Reporting xxix ASBO Certificate of Excellence in Financial Reporting xxx Calcasieu Parish School Board Officials xxxi Organization Chart xxxii FINANCIAL SECTION Independent Auditors’ Report 1 – 3 Required Supplementary Information (Part I) Management's Discussion and Analysis (MD&A) 4 – 17 Basic Financial Statements: Government-wide Financial Statements (GWFS) Statement of Net Position 18 Statement of Activities 19 Fund Financial Statements (FFS) Governmental Funds Balance Sheet 20 Reconciliation of the Governmental Funds Balance Sheet To the Statement of Net Position 21 Statement of Revenues, Expenditures, and Changes in Fund Balances 22 - 23 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of the Governmental Funds to the Statement of Activities 24 Proprietary Funds – Internal Service Funds Statement of Net Position 25 Statement of Revenues, Expenses, and Changes in Fund Net Position 26 Statement of Cash Flows 27 Fiduciary Funds Statement of Fiduciary Assets and Liabilities 28 Notes to the Basic Financial Statements 29 – 72 Required Supplementary Information (Part II) Schedule of Changes in Total Other Post-Employment Benefit Liability and Related Ratios 73 Schedule of the School Board’s Proportionate Share of the Net Pension Liability for the Retirement Systems 74 Schedule of Employer Contributions to the Retirement Systems 75 Budgetary Comparison Schedule Descriptions 76 General Fund 77 – 78 Notes to the Required Supplementary Information 79 – 83 Supplementary Information Combining Nonmajor Governmental Funds Combining Balance Sheet - By Fund Type 84 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - By Fund Type 85 – 86 (Continued) i Calcasieu Parish School Board Table of Contents Page Supplementary Information (Continued) Nonmajor Special Revenue Funds Descriptions 87 Combining Balance Sheet 88 – 89 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 90 – 91 Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual School Food Service 92 ESSA 93 IDEA 94 Strong Start 95 Head Start 96 Striving Readers 97 Vocational Education Act 98 Preschool 99 Miscellaneous Funds 100 Nonmajor Debt Service Funds Descriptions 101 Combining Balance Sheet 102 – 103 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 104 – 105 Nonmajor Capital Projects Funds Descriptions 106 Combining Balance Sheet 107 – 108 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 109 – 110 Combining Internal Service Funds Descriptions 111 Combining Statement of Net Position 112 Combining Statement of Revenues, Expenses and Changes in Net Position 113 Combining Statement of Cash Flows 114 Agency Funds Descriptions 115 Statement of Agency Assets and Liabilities 116 Combining Statement of Changes in Assets and Liabilities 117 – 118 Schedule of Changes in Deposits Due Others 119 – 120 Schedule of Compensation Paid to Board Members 121 Schedule of Compensation, Benefits, and Other Payments to the Superintendent 122 (Continued) ii Calcasieu Parish School Board Table of Contents Page Statistical Section Contents 123 – 125 Net Position by Component 126 Changes in Net Position 127 – 128 Fund Balances of Governmental Funds 129 Change in Fund Balances of Governmental Funds 130 Assessed Value and Taxpayer Taxes 131 Total Property Valuation, Exemptions, and Net Taxpayers Valuation 132 Property Tax Millage Rates- Direct and Overlapping Governments 133 Assessed Value and Estimated Actual Value of Taxable Property 134 Tax Revenues by Source, Governmental Funds 135 Principal Property Taxpayers 136 Property Tax Levies and Collections 137 Sales Tax - Taxable Sales by Category 138 Principal Sales Tax Remitters 139 Legal Debt Margin Information 140 Ratios of Outstanding Debt by Type 141 Ratios of General Bonded Debt Outstanding 142 Direct and Overlapping Governmental Activities Debt 143 Pledged-Revenue Coverage 144 Demographic and Economic Statistics 145 Principal Calcasieu Parish Employers 146 Classroom Teachers and School Administrative Personnel 147 Capital Assets Statistics-School Building Information 148 Selected Operating Indicators 149 Full-time Equivalent Employees by Function 150 Schedule of General Fund Expenditures 151 (Concluded) iii Calcasieu Parish School Board This page intentionally left blank Introductory Section Miracle Dykes, Grade 3, Vinton Elementary, Beverly Koonce—Teacher Calcasieu Parish School Board Comprehensive Annual Financial Report Calcasieu Parish School Board This page intentionally left blank June 30, 2021 Calcasieu Parish School Board Members Citizens of Calcasieu Parish Lake Charles, Louisiana Dear Board Members and the citizens of Calcasieu Parish: The Comprehensive Annual Financial Report (Annual Report) of the Calcasieu Parish School Board (the School Board) for the fiscal year ended June 30, 2020 is hereby submitted. Responsibility for both the accuracy of the data, and the completeness and fairness of the presentation, including all disclosures, rests with the School Board. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to present fairly the financial position, results of operations, and cash flows of the proprietary funds of the School Board. All disclosures necessary to enable the reader to gain an understanding of the School Board's financial activities have been included. While all parts of the Annual Report are critical, the Management’s Discussion and Analysis (MD&A) provides a narrative introduction, overview, and analysis of the basic financial statements. This letter of transmittal should be read in conjunction with the MD&A, which can be found immediately after the report of the independent auditors. The School Board is required to undergo an annual single audit in conformity with the provisions of the Single Audit Amendment of 1996, including the U.S. Office of Management and Budget’s Uniform Guidance Subpart F. Information related to this single audit, including a Schedule of Expenditures of Federal Awards, the independent auditors’ reports on internal controls and compliance with applicable laws and regulations, and a schedule of findings and questioned costs are included in a separately issued single audit report. This report includes all funds of the School Board. The School Board is a legislative body authorized to govern the public education system of Calcasieu Parish, Louisiana. The School Board is governed by a fifteen-member board with each board member serving a concurrent four- year term. The current board is in the second year of its term. It is the responsibility of the School Board to make public education available to the residents of Calcasieu Parish, including instructional personnel, instructional facilities, administrative support, business services, operation and maintenance and bus transportation. The School Board provides a full range of public education services appropriate to grade levels ranging from pre-kindergarten through grade 12. These services include regular and enriched academic education, special education for handicapped children as well as vocational education. The School Board has a current enrollment of 31,592 and employs approximately 4,900 persons. iv All entities or organizations that are required to be included in the School Board's reporting entity are included in this report. The basic criteria for determining whether a governmental department, agency, institution, commission,