Duval County Public Schools Comprehensive Annual Financial Report
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DUVAL COUNTY PUBLIC SCHOOLS COMPREHENSIVE ANNUAL FINANCIAL REPORT SCHOOL DISTRICT OF DUVAL COUNTY, FLORIDA FOR THE FISCAL YEAR ENDED JUNE 30, 2019 Duval County Public Schools Jacksonville, Florida Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2019 Prepared by: Financial Services Duval County Public Schools Comprehensive Annual Financial Report For the fiscal year ended June 30, 2019 Table of Contents INTRODUCTORY SECTION Letter of Transmittal ............................................................................................................ i Principal Officials – Elected ............................................................................................. xii Principal Official – Appointed ........................................................................................ xvii Organizational Chart ........................................................................................................ xix Certificate of Excellence in Financial Reporting ...............................................................xx Certificate of Achievement for Excellence in Financial Reporting ................................. xxi FINANCIAL SECTION Independent Auditor’s Report .............................................................................................1 Management’s Discussion and Analysis ............................................................................5 Basic Financial Statements Government-wide Financial Statements Statement of Net Position ..................................................................................................19 Statement of Activities .......................................................................................................20 Fund Financial Statements Balance Sheet – Governmental Funds ...............................................................................22 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position ...............................................................................................25 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds ....................................................................................26 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ..........................30 General Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ................................................................................31 Special Revenue – Other Federal Programs Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ...............................35 Special Revenue – Food Service Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ..............................................................37 Statement of Net Position – Proprietary Funds..................................................................38 Statement of Revenues, Expenses, and Changes in Net Position – Proprietary Funds .....39 Statement of Cash Flows – Proprietary Funds ...................................................................40 Statement of Fiduciary Net Position – Fiduciary Funds ....................................................41 Statement of Changes in Fiduciary Net Position ...............................................................42 Notes to the Basic Financial Statements ........................................................................43 Required Supplementary Information Schedule of Changes in the District’s Total Other Postemployment Benefits Liability and Related Ratios............................................................................................92 Schedule of Proportionate Share of Net Pension Liability – Florida Retirement System Pension Plan .......................................................................................................93 Schedule of Contributions – Florida Retirement System Pension Plan .............................94 Schedule of Proportionate Share of Net Pension Liability – Health Insurance Subsidy Pension Plan ......................................................................................................95 Schedule of Contributions – Health Insurance Subsidy Pension Plan ...............................96 Notes to Required Supplementary Information .................................................................97 Combining and Individual Fund Financial Statements and Schedules Combining Balance Sheet – Nonmajor Governmental Funds .........................................100 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds ....................................................102 Debt Service – State Board of Education (SBE) and Capital Outlay Bond Issue (COBI) Fund – Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual.........................................................................................................106 Debt Service – Other Debt Service Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ..............................107 Debt Service – ARRA Economic Stimulus Fund – Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ..............................108 Capital Projects – Public Education Capital Outlay (PECO) Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ............109 Capital Projects – Capital Outlay and Debt Service (CO&DS) Fund – Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ............110 Capital Projects – Local Capital Improvement Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ..............................111 Capital Projects – Other Capital Projects Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ..............................112 Statement of Changes in Assets and Liabilities – Fiduciary Funds – Agency Funds......114 Internal Service Funds – Combining Statement of Net Position .....................................116 Internal Service Funds – Combining Statement of Revenues, Expenses, and Changes in Net Position ........................................................................117 Internal Service Funds – Combining Statement of Cash Flows ......................................118 Combining Statement of Net Position – Component Units .............................................120 Combining Statement of Activities – Component Units .................................................125 Schedules of City of Jacksonville Grant Funds Schedule of Receipts and Expenditures of City of Jacksonville Grant Funds – Budget and Actual – Driver Education Safety Trust Fund (2018-19 Fiscal Year Grant) ......................................................................132 Schedule of Receipts and Expenditures of City of Jacksonville Grant Funds – Budget and Actual – Driver Education Safety Trust Fund (2017-18 Fiscal Year Grant) ......................................................................133 STATISTICAL SECTION Net Position by Component – Government-wide ............................................................138 Changes in Net Position – Government-wide ..................................................................140 Governmental Activities Tax Revenues by Source .........................................................144 Fund Balances of Governmental Funds ..........................................................................146 Fund Balances of Governmental Funds and Entity-Wide Net Position ..........................148 Changes in Fund Balances of Governmental Funds ........................................................150 Summary of Revenues and Expenditures (by Major Object) and Changes in Fund Balances – General Fund ...........................................................154 Summary of Revenues and Expenditures (by Functional Area) and Changes in Fund Balances – General Fund ...........................................................156 Summary of Revenues and Expenditures (by Major Object) and Changes in Fund Balances – Special Revenue – Other Federal Programs Fund .......................................................................................158 Summary of Revenues and Expenditures (by Functional Area) and Changes in Fund Balances – Special Revenue – Other Federal Programs Fund .......................................................................................160 Summary of Revenues and Expenditures (by Major Object) and Changes in Fund Balances – Special Revenue – Food Service Fund ....................162 Summary of Revenues and Expenditures (by Major Object) and Changes in Fund Balances – Debt Service Funds ..................................................164 Summary of Revenues and Expenditures (by Major Object) and Changes in Fund Balances – Capital Projects Funds .............................................166 Summary of Revenues by Source and Expenditures by Function – Governmental Funds .....................................................................................................168 Summary of Revenues and Expenditures – Governmental Funds...................................170 Summary of Revenues by Source and Expenses by Function