Duval County Public Schools Comprehensive Annual
Total Page:16
File Type:pdf, Size:1020Kb
DUVAL COUNTY PUBLIC SCHOOLS COMPREHENSIVE ANNUAL FINANCIAL REPORT DUVAL COUNTY PUB L IC SCHOOLS SCHOOL DISTRICT OF DUVAL COUNTY, FLORIDA FOR THE FISCAL YEAR ENDED JUNE 30, 2018 Duval County Public Schools Jacksonville, Florida Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2018 Prepared by: Financial Services Duval County Public Schools Comprehensive Annual Financial Report For the fiscal year ended June 30, 2018 Table of Contents INTRODUCTORY SECTION Letter of Transmittal ............................................................................................................ i Principal Officials – Elected ............................................................................................. xii Principal Officials – Appointed ...................................................................................... xvii Organizational Chart ...................................................................................................... xviii Certificate of Excellence in Financial Reporting ............................................................. xix Certificate of Achievement for Excellence in Financial Reporting ...................................xx FINANCIAL SECTION Report of Independent Auditor ...........................................................................................1 Management’s Discussion and Analysis ............................................................................4 Basic Financial Statements Government-wide Financial Statements Statement of Net Position ..................................................................................................17 Statement of Activities .......................................................................................................18 Fund Financial Statements Balance Sheet – Governmental Funds ...............................................................................20 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position ...............................................................................................22 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds ....................................................................................23 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ..........................27 General Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ................................................................................28 Special Revenue – Food Service Fund - Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ..............................................................32 Statement of Net Position – Proprietary Funds..................................................................33 Statement of Revenues, Expenses, and Changes in Net Position – Proprietary Funds .....34 Statement of Cash Flows – Proprietary Funds ...................................................................35 Statement of Fiduciary Net Position – Fiduciary Funds ....................................................36 Statement of Changes in Fiduciary Net Position ...............................................................37 Notes to the Basic Financial Statements ........................................................................38 Required Supplementary Information Schedule of Changes in the District’s Total Other Postemployment Benefits Liability and Related Ratios............................................................................................87 Schedule of Proportionate Share of Net Pension Liability – Florida Retirement System .............................................................................................................................88 Schedule of Contributions – Florida Retirement System ..................................................89 Schedule of Proportionate Share of Net Pension Liability – Health Insurance Subsidy Pension Plan ......................................................................................................90 Schedule of Contributions – Health Insurance Subsidy Pension Plan ...............................91 Notes to Required Supplementary Information .................................................................92 Combining and Individual Fund Financial Statements and Schedules Combining Balance Sheet – Nonmajor Governmental Funds ...........................................94 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds ......................................................97 Special Revenue –Other Federal Programs Fund – Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ..............................103 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.........................................................................................................105 Debt Service – Other Debt Service Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ..............................106 Debt Service – ARRA Economic Stimulus Fund – Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ..............................107 Capital Projects – Public Education Capital Outlay (PECO) Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ............108 Capital Projects – Capital Outlay and Debt Service (CO&DS) Fund – Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ............109 Capital Projects – Local Capital Improvement Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ..............................110 Capital Projects – Other Capital Projects Fund – Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual ..............................111 Statement of Changes in Assets and Liabilities – Fiduciary Funds – Agency Funds......112 Internal Service Funds – Combining Statement of Net Position .....................................113 Internal Service Funds – Combining Statement of Revenues, Expenses, and Changes in Net Position ........................................................................114 Internal Service Funds – Combining Statement of Cash Flows ......................................115 Combining Statement of Net Position – Component Units .............................................116 Combining Statement of Activities – Component Units .................................................121 Schedules of City Grants Schedule of Receipts and Expenditures of City of Jacksonville Grant Funds – Budget and Actual – Out of School Suspension Centers (2016-17 Fiscal Year Grant) ............................................................................127 Schedule of Receipts and Expenditures of City of Jacksonville Grant Funds – Budget and Actual – Driver Education Safety Trust Fund (2017-18 Fiscal Year Grant) ......................................................................128 Schedule of Receipts and Expenditures of City of Jacksonville Grant Funds – Budget and Actual – Driver Education Safety Trust Fund (2016-17 Fiscal Year Grant) ......................................................................129 STATISTICAL SECTION Net Position by Component – Government-wide ............................................................131 Changes in Net Position – Government-wide ..................................................................133 Governmental Activities Tax Revenues by Source .........................................................135 Fund Balances of Governmental Funds ..........................................................................136 Fund Balances of Governmental Funds and Entity-Wide Net Position ..........................138 Changes in Fund Balances of Governmental Funds ........................................................139 Summary of Revenues and Expenditures (by Major Object) and Changes in Fund Balances – General Fund ...........................................................143 Summary of Revenues and Expenditures (by Functional Area) and Changes in Fund Balances – General Fund ...........................................................145 Summary of Revenues and Expenditures (by Major Object) and Changes in Fund Balances – Special Revenue Fund – Other Federal Programs ................................................................................................147 Summary of Revenues and Expenditures (by Functional Area) and Changes in Fund Balances – Special Revenue Fund – Other Federal Programs ................................................................................................149 Summary of Revenues and Expenditures (by Major Object) and Changes in Fund Balances – Food Service – Special Revenue Fund ....................151 Summary of Revenues and Expenditures (by Major Object) and Changes in Fund Balances – Debt Service Funds ..................................................153 Summary of Revenues and Expenditures (by Major Object) and Changes in Fund Balances – Capital Projects Funds .............................................155 Summary of Revenues by Source and Expenditures by Function