Austintown Local School District Mahoning County, Ohio
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AUSTINTOWN LOCAL SCHOOL DISTRICT MAHONING COUNTY, OHIO Austintown Middle School COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2020 THIS PAGE IS INTENTIONALLY LEFT BLANK COMPREHENSIVE ANNUAL FINANCIAL REPORT OF THE AUSTINTOWN LOCAL SCHOOL DISTRICT FOR THE FISCAL YEAR ENDED JUNE 30, 2020 PREPARED BY TREASURER'S DEPARTMENT BLAISE KARLOVIC, TREASURER/CFO 700 S. RACCOON ROAD AUSTINTOWN, OHIO 44515 THIS PAGE IS INTENTIONALLY LEFT BLANK AUSTINTOWN LOCAL SCHOOL DISTRICT MAHONING COUNTY, OHIO COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2020 TABLE OF CONTENTS TITLE PAGE TABLE OF CONTENTS ........................................................................................................................... i-iv I. INTRODUCTORY SECTION Letter of Transmittal ............................................................................................................................ 1-5 List of Principal Officers ..................................................................................................................... 6 Organizational Chart - Operational ...................................................................................................... 7 Organizational Chart - Instructional .................................................................................................... 8 Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting ....................................................................................................... 9 II. FINANCIAL SECTION INDEPENDENT AUDITOR’S REPORT ........................................................................................... 11-13 MANAGEMENT’S DISCUSSION AND ANALYSIS ...................................................................... 15-29 BASIC FINANCIAL STATEMENTS: Government-Wide Financial Statements: Statement of Net Position ......................................................................................................... 31 Statement of Activities ............................................................................................................. 32-33 Fund Financial Statements: Balance Sheet - Governmental Funds ....................................................................................... 34 Reconciliation of Total Governmental Fund Balances to Net Position of Governmental Activities....................................................................................................... 35 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds ............................................................................................... 36 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ................................ 38-39 Statement of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non GAAP Budgetary Basis) - General Fund .......................... 40 Statement of Net Position - Proprietary Fund ........................................................................... 41 Statement of Revenues, Expenses and Changes in Net Position - Proprietary Fund ................................................................................................ 42 i BASIC FINANCIAL STATEMENTS - (Continued): Statement of Cash Flows - Proprietary Fund ............................................................................ 43 Statement of Fiduciary Net Position - Fiduciary Funds ............................................................ 44 Statement of Changes in Fiduciary Net Position - Fiduciary Fund .......................................... 45 Notes to the Basic Financial Statements ........................................................................................ 46-97 REQUIRED SUPPLEMENTARY INFORMATION: Schedule of District’s Proportionate Share of the Net Pension Liability: School Employees Retirement System (SERS) of Ohio ........................................................... 100-101 State Teachers Retirement System (STRS) of Ohio ................................................................. 102-103 Schedule of District Pension Contributions: School Employees Retirement System (SERS) of Ohio ........................................................... 104-105 State Teachers Retirement System (STRS) of Ohio ................................................................. 106-107 Schedule of District’s Proportionate Share of the Net OPEB Liability/Asset: School Employees Retirement System (SERS) of Ohio ........................................................... 108 State Teachers Retirement System (STRS) of Ohio ................................................................. 109 Schedule of District OPEB Contributions: School Employees Retirement System (SERS) of Ohio ........................................................... 110-111 State Teachers Retirement System (STRS) of Ohio ................................................................. 112-113 Notes to the Required Supplementary Information ........................................................................ 114-115 COMBINING STATEMENTS AND INDIVIDUAL FUND SCHEDULES: Combining Statements - Major Governmental Funds: Fund Descriptions - Major Governmental Funds ...................................................................... 118 Individual Fund Schedules of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis): Public School Support ............................................................................................................ 119 Miscellaneous General Fund ................................................................................................... 119 BWC Rebate ........................................................................................................................... 119 Bond Retirement ..................................................................................................................... 120 Combining Statements - Nonmajor Governmental Funds: Nonmajor Governmental Fund Descriptions ............................................................................. 122-123 Combining Balance Sheet - Nonmajor Governmental Funds .................................................... 124 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental Funds ...................................................................... 125 Combining Balance Sheet - Nonmajor Special Revenue Funds ................................................ 126-128 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Special Revenue Funds .................................................................. 130-132 Individual Fund Schedules of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis): Food Service ........................................................................................................................... 134 Other Grants ............................................................................................................................ 134 Miscellaneous Grants .............................................................................................................. 134 ii COMBINING STATEMENTS AND INDIVIDUAL FUND SCHEDULES - (Continued): Classroom Facilities Maintenance .......................................................................................... 135 District Managed Student Activity ......................................................................................... 135 Student Managed Activity ...................................................................................................... 135 OneNet Subsidy ...................................................................................................................... 136 Student Wellness and Success ................................................................................................ 136 Miscellaneous State Grants ..................................................................................................... 136 Title VI-B................................................................................................................................ 137 Limited English Proficiency ................................................................................................... 137 Title I ...................................................................................................................................... 137 IDEA Handicapped Preschool ................................................................................................ 138 Improving Teacher Quality ..................................................................................................... 138 Miscellaneous Federal Grants ................................................................................................. 138 Combining Balance Sheet - Nonmajor Capital Projects Funds ................................................. 139 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Capital Projects Funds ................................................................... 140 Individual Fund Schedules of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis): Permanent Improvement ........................................................................................................