HILLSBOROUGH COUNTY SCHOOLS, FLORIDA

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "HILLSBOROUGH COUNTY SCHOOLS, FLORIDA"

Transcription

1 HILLSBOROUGH COUNTY SCHOOLS, FLORIDA Summary of Statistical Data - Ten Year History, 1998 Cap. Improvement Average Number of Number of F.T.E. Expenditure School Year Schools Instructors Enrollment per F.T.E. Student 2013/ , ,718 $8, / , ,083 $8, / , ,579 $8, / , ,852 $9, / , ,786 $8, / , ,938 $8, / , ,639 $8, Debt Statement as of June 30, 2014, 1998 Cap. Improvement General Non-Self Self- DIRECT AND OVERLAPPING DEBT Obligation Supporting Supporting Debt Debt Debt DIRECT DEBT OF DISTRICT State of Florida: Series 2005-A $50,000 Series 2005-Q $17,555,000 Series 2006-A $2,655,000 Series 2008-A $4,445,000 Series 2009-A $2,410,000 Series 2010-A $3,470,000 Series 2011-A Series 2014-A District Bonds: Series 1998 Capital Improvement and Refunding Series 2005 Sales Tax Refunding Series 2006 Sales Tax Series 2007 Sales Tax Refunding $1,570,000 $2,486,000 $1,279,861 $109,610,000 $40,065,000 $47,515,000 Total Direct Debt $34,641,000 $198,469,861 OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT Board of County Commissioners: General Obligation Bonded Debt $68,163,000 Total Overlapping Debt $68,163,000 TOTAL DIRECT AND OVERLAPPING DEBT $68,163,000 $34,641,000 $198,469,861 Historical Community Investment Tax Collections and Distributions Series 2012A, 2010A, 2004C, 2007, 2006B, 2006, 2006A, 2005A, 2005, 2004A Community Distributions to Investment Tax Hillsborough County Year Revenues Collected School Board 2014 $103,519,404 $25,879, $98,641,852 $24,660, $94,418,308 $23,604, $90,603,852 $22,650, $87,431,804 $21,857, $91,568,744 $22,892, $99,059,520 $24,764,880

2 Profile of Enrollments - Full-Time Equivalent Students Series 2012A, 2010A, 2004C, 2007, 2006B, 2006, 2006A, 2005A, 2005, 2004A Pre-K/Kindergarten 15,173 14,855 13,955 13,444 13,328 12,793 13,050 Grades ,739 38,415 37,323 36,238 35,958 36,887 37,681 Grades ,569 58,450 58,560 58,388 57,883 57,825 57,914 Grades ,288 46,564 42,007 41,293 40,654 39,856 39,406 Exceptional Ed. 39,103 38,842 38,086 37,455 36,796 36,168 35,816 Vocational Ed. 4,846 1,955 5,648 6,034 6,166 6,409 6,772 Total 200, , , , , , ,639 Comparative Ratios of Bonded Debt Series 2012A, 2010A, 2004C, 2007, 2006B, 2006, 2006A, 2005A, 2005, 2004A Hillsborough County, Florida Comparative Ratios of Bonded Debt And Certificates of Participation To Taxable Assessed Valuation and Per Capita Indebtedness As of June 30, Population (Fiscal Year) 1,291, Total Taxable Valuation (2013 Tax Year) $ 69,568,964, Direct General Obligation Debt $ - (a) As a Percent of Taxable Valuation 0% - 4. Direct and Overlapping General Obligation Debt $ 68,163,000 (a) As a Percent of Taxable Valuation 0.098% Direct Non-Self Supporting Revenue and Direct General Obligation Debt $ 34,641,000 (a) As a Percent of Taxable Valuation 0.050% Direct & Overlapping General Obligation Debt and Direct Non-Self Supporting Revenue Debt $ 102,804,000 (a) As a Percent of Taxable Valuation 0.148% Direct and Overlapping General Obligation, Direct Non- Self Supporting Revenue Debt and Certificates of Participation $ 930,312,000 (a) As a Percent of Taxable Valuation 1.337% Anticipated Capital Outlay Millage Required to Cover Debt Service Anticipated Capital Outlay Millage Required to Cover Maximum Annual Payments Taxable Assessed Valuation (Fiscal Year ) $ 69,568,964,523 Funds Generated from 1 Millage Levy $ 69,568,965 Maximum Annual Lease Payments $ 68,547,801 Levy which equals 1.00x Coverage of Maximum Annual Lease Payments mills

3 Tax Levies and Taxes Collected School District of Hillsborough County Property Tax Levies and Collections Last Ten Fiscal Years Collected to End of Tax Year Collected in Fiscal Year Total Current Tax Percent of Delinquent Total Percent Fiscal Year Tax Levy Collections Levy Collections Collections of Levy 2014 $ 538,166,770 $ 515,483, % $ 4,151,492 $ 519,634, % 2013 $ 521,066,245 $ 497,507, % $ 6,707,034 $ 504,214, % 2012 $ 535,661,273 $ 512,201, % $ 2,563,795 $ 514,765, % 2011 $ 537,023,488 $ 508,048, % $ 4,153,742 $ 512,202, ,883,201 $ 578,606, ,134,542 $ 583,740, ,871,440 $ 664,675, ,887,719 $ 667,563, ,885,929 $ 635,203, ,481 $ 636,178, ,369,811 $ 592,574, ,888 $ 593,035, ,534,878 $ 494,030, ,840 $ 494,833, ,234,393 $ 449,419, ,809,251 $ 452,228, ,174,861 $ 410,947, ,930 $ 411,579, ,429,175 $ 381,848, ,359,357 $ 383,207, School Board Millage Rates Historical and Current Millages DISTRICT LEVIES TAX LEVY Fiscal Year Ending June General Fund Nonvoted School Tax: State - Required Local Effort Local - Discretionary Local - Supplemental Capital Projects Fund Nonvoted School Tax: Local Capital Improvements Total Nonvoted millage Debt Service Fund Voted School Tax: Debt Service Total District Millage Levy Total Assessed Values and Taxable Values Hillsborough County, Florida School Taxable Value Assessed Value of Taxable Property (In Thousands) Total Net Taxable % Taxable Value Assessed Assessed Assessed For Operating Fiscal Year Value Value Valuation Millages 2014 $ 93,039,370 $ 87,642,064 $ 69,568,965 75% 2013 $ 86,787,329 $ 83,787,329 $ 65,836,681 76% 2012 $ 88,960,323 $ 85,121,195 $ 67,359,851 76% ,581,765 88,512,696 70,354, ,955,073 91,800,328 78,519, ,772, ,127,213 89,248, ,849, ,865,796 87,605, ,643, ,425,310 78,428, ,036,951 83,476,837 64,575, ,135,780 70,713,903 56,122, ,263,339 62,672,589 50,374, ,579,217 57,365,174 46,355,925 69

4 Description of Any Material Litigation, 1998 Cap. Improvement Fiscal Year Ending June 30, 2014 (Insert Required Information) None Summary of General Fund's Revenues and Expenses School District of Hillsborough County, Florida Summary of Revenues and Expenses - General Fund (in thousands) Audited Fiscal Years Ending 6/ Revenues Federal $ 2,079 $ 2,686 $ 2,066 $ 2,139 $ 7,982 $ 2,676 $ 2,660 Federal through State 9,054 8,464 9,205 9,427 8,416 9,421 10,272 State Sources 958, , , , , , ,806 Local 525, , , , , , ,640 Non Revenue and Transfers Total Revenues $ 1,495,631 $ 1,430,074 $ 1,369,379 $ 1,387,720 $ 1,377,523 $ 1,425,270 $ 1,505,378 Expenditures Current - Education: Instruction $ 926,745 $ 950,706 $ 858,319 $ 841,930 $ 915,032 $ 927,798 $ 1,005,516 Pupil Personnel 62,405 61,684 47,108 56,563 55,379 56,268 60,042 Instructional Media 44,914 43,933 43,949 44,648 48,718 45,686 51,506 Instruction & Curriculum Development 21,938 19,616 19,553 20,700 19,214 20,295 24,089 Instructional Staff Training 19,116 19,750 26,682 32,069 31,154 33,913 24,367 Board of Education 1,160 1,357 1,546 1,443 1,277 1,519 2,454 Gen. Administration 10,857 6,352 4,232 4,278 4,516 5,011 5,479 School Administration 91,181 91,700 89,201 88,684 86,554 87,260 91,821 Fiscal Services 8,300 6,278 6,813 6,926 5,999 6,635 7,225 Food Services Central Services 17,757 20,241 22,936 25,262 22,398 23,099 31,460 Pupil Transportation 64,277 65,127 64,259 69,053 66,274 65,362 68,446 Operation of Plant 106, , , , , , ,763 Maintenance of Plant 29,272 30,024 27,801 28,980 27,288 27,555 26,810 Community Services 31,270 36,120 33,794 33,754 40,994 42,229 44,451 Facilities Acquisition and Construction and Capital Outlay 10,870 6,951 7,654 19,836 8,635 7,482 7,063 Remittance and Transfers to Other Funds (11,946) (2,662) (3,150) (13,826) Total Expenditures & Other Uses $ 1,448,148 $ 1,470,216 $ 1,368,050 $ 1,369,829 $ 1,439,947 $ 1,454,638 $ 1,545,015 Ending Fund Balance Designated 43,935 46,436 54,915 - Undesignated 338, , ,255 - Nonspendable 4,742 4,955 5,223 5,088 Restricted 25,164 25,477 30,383 31,063 Assigned 236, , ,867 97,685 Unassigned 95,100 95,796 95,796 95,796 TOTAL ENDING FUND BALANCE $ 381,983 $ 341,841 $ 343,170 $ 361,061 $ 298,637 $ 269,269 $ 229,632

5 School District of Hillsborough County, Florida Summary of Revenues and Expenses - Special Revenue Fund Series 2002, 1998C.O.P. Audited FY FY FY FY FY FY FY Fiscal Year 6/ Revenues Federal - Direct $ 11,570 $ 19,254 $ 17,649 $ 15,758 $ 15,424 $ 12,476 $ 16,231 Federal - through State 118, , , , , , ,927 Federal - through Local 57,678 57,011 60,638 61,221 54,279 53,610 51,623 State , Local Total Revenues $ 188,588 $ 201,115 $ 302,618 $ 355,450 $ 214,201 $ 202,363 $ 210,041 Expenditures Instruction $ 77,843 $ 81,844 $ 150,436 $ 201,995 $ 87,265 $ 87,316 $ 83,201 Pupil Personnel Services 14,306 15,000 28,413 20,827 18,437 18,266 20,063 Instructional Media Services 3,072 3,439 4,420 5,058 4,132 4,134 4,382 Instructional & Curriculum 24,143 25,589 26,746 33,117 29,652 22,399 24,498 Instruction Staff Training 14,035 16,954 17,862 20,233 15,722 14,037 18,019 General Administration 2,251 4,428 8,361 7,689 5,769 6,175 7,466 School Administration ,452 5,093 2,108 2,212 2,197 Fiscal Services Food Service Central Services ,327 1,242 2,259 2,214 5,666 Pupil Transportation 1, , ,066 1,214 1,001 Operation of Plant , Maintenance of Plant Community Services 45,517 46,918 50,990 50,454 43,235 41,336 40,728 Facilities Acquisition & Construction , Other Capital Outlay 3,897 3,428 7,234 6,065 2,559 1,999 1,750 Total Expenditures $ 188,642 $ 201,174 $ 302,684 $ 355,526 $ 214,239 $ 202,396 $ 210,068 Excess Revenue (Deficit) (54) (59) (66) (76) (38) (33) (27) Beginning Fund Balance Transfers In (out) Ending Fund Balance $ - $ - $ - $ - $ - $ - $ - School District of Hillsborough County, Florida Summary of Revenues and Expenses - Capital Projects Fund Series 2002, 1998C.O.P. Audited FY FY FY FY FY FY FY Fiscal Year 6/ Revenues Federal - through State State Sources 66,635 20,545 6,331 11,538 3,499 3,975 6,492 Local Sources 196, , , , , , ,176 Total Revenues $ 262,896 $ 189,343 $ 130,795 $ 122,895 $ 117,119 $ 118,082 $ 131,668 Expenditures Current Education Facilities Acquisition & Construction 322, , ,020 82, ,781 79,894 73,715 Fixed Capital Outlay: Current Education Other Capital Outlay Total Expenditures $ 322,541 $ 268,030 $ 138,020 $ 82,900 $ 105,781 $ 79,894 $ 73,715 Excess (Deficiency) Revenues Over Expenditures (59,645) (78,687) (7,225) 39,995 11,338 38,188 57,953 Other Financing Sources (Uses) Operating Transfers In (Out) (66,774) (64,282) (66,657) (67,290) (69,001) (70,939) (74,342) Nonrevenue Sources 6, , Total Other Financing Sources (Uses) (60,248) (64,282) (65,964) (25,936) (68,908) (70,939) (74,342) Excess (Deficit) of Revenues and Other Sources Over Expenditures & Other Uses (119,893) (142,969) (73,189) 14,059 (57,570) (32,751) (16,389) Beginning Fund Balance 596, , , , , , ,676 Fund Balance at End of Year $ 477,096 $ 334,127 $ 260,938 $ 274,997 $ 217,427 $ 184,676 $ 168,287 Public Education Outlay Funds Series 2002, 1998C.O.P. Fiscal Year Ending June 30, 2014 (Insert Required Information)

6 School District of Hillsborough County, Florida Bonds, Notes and Capital Leases Outstanding as of June 30, 2014 Series 2002, 1998C.O.P. STATE BOARD OF EDUCATION BONDS (District Share) Issue Date of Amount Final Maturity Principal Issue Issued Dates Outstanding Series 2005-A Series 2005-B Series 2006-A Series 2008-A Series 2009-A 6/1/05 $1,145,000 1/1/25 $50,000 8/3/05 $37,360,000 1/1/20 $17,555,000 7/11/06 $3,650,000 1/1/26 $2,655,000 6/1/08 $5,085,000 1/1/28 $4,445,000 9/10/09 $4,620,000 1/1/29 $2,410,000 Series 2010-A 10/18/10 $4,205,000 1/1/30 $3,470,000 Series 2011-A 1/5/12 $1,685,000 1/1/23 $1,570,000 Series 2014-A 5/22/14 $2,486,000 1/1/25 $2,486,000 Total State Board of Education Bonds $34,641,000 LOCAL REVENUE BONDS Series 1998 Capital Improvement and Refunding 3/26/98 $5,998,225 8/1/28 $1,279,861 Series 2005 Sales Tax Refunding 3/1/05 $127,975,000 10/1/23 $109,610,000 Series 2006 Sales Tax 3/27/06 $54,860,000 10/1/26 $40,065,000 Series 2007 Sales Tax Refunding 4/2/07 $47,515,000 10/1/26 $47,515,000 Total Local Revenue Bonds $198,469,861 LOCAL DISTRICT BONDS Total Local District Bonds TOTAL BONDED DEBT $233,110,861 LOCAL SHORT TERM NOTES AND CAPITAL LEASES Total Local Short-Term Notes and Capital Leases TOTAL OUTSTANDING BONDS AND NOTES AND LEASES

Walton County School Board, FL Note Reference 1

Walton County School Board, FL Note Reference 1 Walton County School Board, FL Note Reference 1 2 3 Certificates of Participation, Evidencing an Undivided Proportionate Interest of Owners thereof in Basic Rent Payments to be made by the School Board

More information

Lake County School Board, FL

Lake County School Board, FL Lake County School Board, FL Certificates of Participation (The School Board of Lake County, Florida, Master Lease Program), Series 2015B Evidencing Fractional Undivided Interests of the Owners thereof

More information

INTERIM FINANCIAL STATEMENTS FOR THE ELEVEN MONTHS ENDED MAY 31, 2012

INTERIM FINANCIAL STATEMENTS FOR THE ELEVEN MONTHS ENDED MAY 31, 2012 INTERIM FINANCIAL STATEMENTS FOR THE ELEVEN MONTHS ENDED MAY 31, 2012 Prepared by: Financial Reporting Accounting Department Division of Financial Management INTERIM FINANCIAL STATEMENTS FOR THE ELEVEN

More information

Percent of. Amount 797,840 Market Value

Percent of. Amount 797,840 Market Value Three Rivers Park District, MN 1 Three Rivers Park District, Minnesota General Obligation Bonds, Series 2015B $7,965,000, and General Obligation Capital Equipment Notes, Series 2015C, $710,000, Dated:

More information

Actual Nonmajor Special Revenue Funds --------------------------------------------------------- 34

Actual Nonmajor Special Revenue Funds --------------------------------------------------------- 34 CONTENTS: FLORIDA DEPARTMENT OF EDUCATION SUPERINTENDENT S ANNUAL FINANCIAL REPORT (ESE 145) DISTRICT SCHOOL BOARD OF SUMTER COUNTY For the Fiscal Year Ended June 30, 2015 Return completed form to: Florida

More information

Allegheny Valley School District, PA

Allegheny Valley School District, PA Allegheny Valley School District, PA 1 Allegheny Valley School District (Allegheny County, Pennsylvania) General Obligation Bonds, Series of 2014, $15,320,000 Dated: August 20, 2014 2 Allegheny Valley

More information

DISCOVERY ACADEMY OF LAKE ALFRED, INC. A Charter School and Component Unit of the District School Board of Polk County, Florida

DISCOVERY ACADEMY OF LAKE ALFRED, INC. A Charter School and Component Unit of the District School Board of Polk County, Florida DISCOVERY ACADEMY OF LAKE ALFRED, INC. District School Board of Polk County, Florida Financial Statements with Independent Auditors Reports Thereon June 30, 2013 CONTENTS Page Management s Discussion and

More information

17,932,699 167,112,170. Page 4

17,932,699 167,112,170. Page 4 2016-2017 Final General Fund Budget (PDE-2028) Estimated Revenues and Other Financing Sources: Budget Summary Printed 6/28/2016 1:26:05 PM Page - 1 of 1 ITEM AMOUNTS Estimated Beginning Unreserved Fund

More information

Understanding School Choice in Alachua County: Funding School Choice in Florida

Understanding School Choice in Alachua County: Funding School Choice in Florida Understanding School Choice in Alachua County: Funding School Choice in Florida Florida has been a leader in developing both public and private school alternative programs to address the challenges of

More information

ASPIRE CHARTER ACADEMY, INC. A Charter School and Component Unit of the District School Board of Orange County, Florida

ASPIRE CHARTER ACADEMY, INC. A Charter School and Component Unit of the District School Board of Orange County, Florida Financial Statements with Independent Auditors Reports Thereon June 30, 2015 CONTENTS Page Management s Discussion and Analysis 1 6 Report of Independent Auditors on Basic Financial Statements and Supplementary

More information

Freehold Township, NJ

Freehold Township, NJ Freehold Township, NJ Township of Freehold in the County of Monmouth, New Jersey, $13,727,000 General Obligation Bonds, Series 2015, Consisting of, $8,258,000 General Improvement Bonds, Series 2015, $5,469,000

More information

Detroit, MI, City of (MI)

Detroit, MI, City of (MI) Detroit, MI, City of (MI) 1 City of Detroit, Michigan, Financial Recovery Bond, Series 2014C, $88,430,021 Dated: December 10, 2014 2 City of Detroit, Michigan, Financial Recovery Bonds, Series 2014B (Limited

More information

DEBT MANAGEMENT. Debt Service Fund... 186 Leasing Fund... 190 Leasing Equipment Acquisition Fund... 191

DEBT MANAGEMENT. Debt Service Fund... 186 Leasing Fund... 190 Leasing Equipment Acquisition Fund... 191 DEBT MANAGEMENT Debt Service Fund... 186 Leasing Fund... 190 Leasing Equipment Acquisition Fund... 191 185 DEBT SERVICE FUND PROGRAM DESCRIPTIONS Debt service expenditures include the City s general governmental

More information

DEBT MANAGEMENT. Overview of Debt Management. Gallatin County Debt Management. Approved Bond Issues

DEBT MANAGEMENT. Overview of Debt Management. Gallatin County Debt Management. Approved Bond Issues 373 Gallatin County Debt Management Debt, in a governmental entity, is an effective financial management tool. Active debt management provides fiscal advantages to the County and its citizens. Debt can

More information

REPORT NO. 2010-153 MARCH 2010 ST. JOHNS COUNTY DISTRICT SCHOOL BOARD. Financial, Operational, and Federal Single Audit

REPORT NO. 2010-153 MARCH 2010 ST. JOHNS COUNTY DISTRICT SCHOOL BOARD. Financial, Operational, and Federal Single Audit REPORT NO. 2010-153 MARCH 2010 Financial, Operational, and Federal Single Audit For the Fiscal Year Ended June 30, 2009 BOARD MEMBERS AND SUPERINTENDENT St. Johns County District School Board members and

More information

INTRODUCTION. Summary of revenue/expenditures available for new construction and remodeling projects only. CERTIFICATION

INTRODUCTION. Summary of revenue/expenditures available for new construction and remodeling projects only. CERTIFICATION INTRODUCTION The 5-Year District Facilities Work Program is a very important document. The Department of Education, Legislature, Governor's Office, Division of Community Planning (growth management), local

More information

Adopted Budget: The budget formally adopted by the Board of Commissioners for the upcoming fiscal year.

Adopted Budget: The budget formally adopted by the Board of Commissioners for the upcoming fiscal year. 289 Accrual Basis of Accounting: The primary basis of recording assets, liabilities, revenues, and expenses for a government s business-like activities. Under the accrual basis, revenues are recognized

More information

AD VALOREM TAX ADOPTED BUDGET

AD VALOREM TAX ADOPTED BUDGET AD VALOREM TAX ADOPTED BUDGET AGGREGATE TAX RATE AMENDMENT APPROPRIATION ASSESSED VALUE BALANCE FORWARD BALANCE FORWARD - CAPITAL A tax levied on the assessed value of real property (also known as "property

More information

MICHIGAN DEPARTMENT OF TREASURY BUREAU OF STATE AND AUTHORITY FINANCE SCHOOL BOND QUALIFICATION AND LOAN PROGRAM

MICHIGAN DEPARTMENT OF TREASURY BUREAU OF STATE AND AUTHORITY FINANCE SCHOOL BOND QUALIFICATION AND LOAN PROGRAM MICHIGAN DEPARTMENT OF TREASURY BUREAU OF STATE AND AUTHORITY FINANCE SCHOOL BOND QUALIFICATION AND LOAN PROGRAM 2014 Annual Report Table of Contents 1 Program Overview 3 Statewide Perspective 4 School

More information

EASTLAND FAIRFIELD CAREER & TECHNICAL SCHOOLS FRANKLIN COUNTY SINGLE AUDIT

EASTLAND FAIRFIELD CAREER & TECHNICAL SCHOOLS FRANKLIN COUNTY SINGLE AUDIT EASTLAND FAIRFIELD CAREER & TECHNICAL SCHOOLS FRANKLIN COUNTY SINGLE AUDIT FOR THE YEAR ENDED JUNE 30, 2014 EASTLAND-FAIRFIELD CAREER AND TECHNICAL SCHOOLS FRANKLIN COUNTY TABLE OF CONTENTS TITLE PAGE

More information

BUDGET. September 10, 2013

BUDGET. September 10, 2013 BUDGET 2013 2014 September 10, 2013 CHARLOTTE COUNTY PUBLIC SCHOOLS 2013-2014 ANNUAL BUDGET Dr. Doug Whittaker Superintendent of Schools Educational Support Services Murdock Center 1445 Education Way Port

More information

FLORIDA HIGH SCHOOL FOR ACCELERATED LEARNING - WEST PALM BEACH CAMPUS, INC. d/b/a QUANTUM HIGH SCHOOL

FLORIDA HIGH SCHOOL FOR ACCELERATED LEARNING - WEST PALM BEACH CAMPUS, INC. d/b/a QUANTUM HIGH SCHOOL LEARNING - WEST PALM BEACH CAMPUS, INC. Financial Statements with Independent Auditors Reports Thereon June 30, 2015 CONTENTS Page Management s Discussion and Analysis 1 6 Report of Independent Auditors

More information

Debt Service Fund - General Obligations Bonds RESTRICTED FUND*

Debt Service Fund - General Obligations Bonds RESTRICTED FUND* Fiscal Year 2009-10 Debt Service Fund - General Obligations Bonds RESTRICTED FUND* Debt Service Fund - General Obligations Bonds Total in Fund for 2009-10: $31,152,639 When the District sells bonds to

More information

City of Missoula Debt Management. Major Bond Issues. Outstanding Debt DEBT MANAGEMENT. City of Missoula FY 2015 Annual Budget Page I - 1

City of Missoula Debt Management. Major Bond Issues. Outstanding Debt DEBT MANAGEMENT. City of Missoula FY 2015 Annual Budget Page I - 1 City of Missoula Debt Management Debt in a governmental entity is an effective financial management tool. Active debt management provides fiscal advantages to the City of Missoula and its citizens. Debt

More information

TOWNSHIP OF ROLLAND ISABELLA COUNTY, MICHIGAN AUDITED FINANCIAL STATEMENTS. Fiscal Year Ended March 31, 2010

TOWNSHIP OF ROLLAND ISABELLA COUNTY, MICHIGAN AUDITED FINANCIAL STATEMENTS. Fiscal Year Ended March 31, 2010 ISABELLA COUNTY, MICHIGAN AUDITED FINANCIAL STATEMENTS Fiscal Year Ended TABLE OF CONTENTS Independent Auditor s Report.. 1 FINANCIAL STATEMENTS Government Wide Statement of Net Assets. 2 Government Wide

More information

INTRODUCTION. Summary of revenue/expenditures available for new construction and remodeling projects only. CERTIFICATION

INTRODUCTION. Summary of revenue/expenditures available for new construction and remodeling projects only. CERTIFICATION INTRODUCTION The 5-Year District Facilities Work Program is a very important document. The Department of Education, Legislature, Governor's Office, Division of Community Planning (growth management), local

More information

DEBT MANAGEMENT POLICY

DEBT MANAGEMENT POLICY Introduction New Hanover County recognizes that a formal debt policy is essential to effective financial management. Adherence to a debt management policy signals to rating agencies and the capital markets

More information

How Utah Public Schools are Funded. Office of Legislative Research and General Counsel February 5, 2013

How Utah Public Schools are Funded. Office of Legislative Research and General Counsel February 5, 2013 How Utah Public Schools are Funded Office of Legislative Research and General Counsel February 5, 2013 Utah Public Education System State Board of Education Utah State Office of Education 41 School Districts

More information

DEBT MANAGEMENT POLICY ANNUAL UPDATE HUMBOLDT COUNTY, NEVADA

DEBT MANAGEMENT POLICY ANNUAL UPDATE HUMBOLDT COUNTY, NEVADA DEBT MANAGEMENT POLICY ANNUAL UPDATE HUMBOLDT COUNTY, NEVADA July, 2015 TABLE OF CONTENTS I. INTRODUCTION 1 II. ABILITY TO AFFORD EXISTING GENERAL OBLIGATION DEBT, AUTHORIZED FUTURE GENERAL OBLIGATION

More information

Accounting for General Long- Term Liabilities and Debt Service

Accounting for General Long- Term Liabilities and Debt Service Chapter 6 Accounting for General Long- Term Liabilities and Debt Service McGraw-Hill/Irwin Copyright 2010 by The McGraw-Hill Companies, Inc. All rights reserved. 6-2 Learning Objectives After studying

More information

AUDITING PROCEDURES REPORT Issued under P.A. 2 of 1968, as amended. Filing is mandatory.

AUDITING PROCEDURES REPORT Issued under P.A. 2 of 1968, as amended. Filing is mandatory. Michigan Dept. of Treasury, Local Audit & Finance Division 496 (3-98), Formerly L-3147 AUDITING PROCEDURES REPORT Issued under P.A. 2 of 1968, as amended. Filing is mandatory. Local Government Type: City

More information

STATE OF WEST VIRGINIA PUBLIC SCHOOL SUPPORT PROGRAM EXECUTIVE SUMMARY For the 2000-01 Year

STATE OF WEST VIRGINIA PUBLIC SCHOOL SUPPORT PROGRAM EXECUTIVE SUMMARY For the 2000-01 Year STATE OF WEST VIRGINIA PUBLIC SCHOOL SUPPORT PROGRAM EXECUTIVE SUMMARY For the 2000-01 Year The Public School Support Program is a plan of financial support for the public schools in the State of West

More information

b. provide guidelines to control the overall debt management process so that all liabilities are managed in accordance with stated objectives;

b. provide guidelines to control the overall debt management process so that all liabilities are managed in accordance with stated objectives; Policy 6.085 Debt Management 1. Purpose The purpose of this Policy is to establish guidance for the issuance and management of the debt of the School District. Such debt includes short-term and long-term

More information

Oconee County, GA. County Debt Structure

Oconee County, GA. County Debt Structure Oconee County, GA 1 Walton County Water and Sewerage Authority (Georgia), Revenue Bonds (Oconee Hard Labor Creek Reservoir Project), Series, $9,465,000, Dated: October 18, 2 Walton County Water and Sewerage

More information

WYOMING CITY SCHOOL DISTRICT. Hamilton County, Ohio. Annual Financial Information Statement

WYOMING CITY SCHOOL DISTRICT. Hamilton County, Ohio. Annual Financial Information Statement WYOMING CITY SCHOOL DISTRICT Hamilton County, Ohio 2012 Annual Financial Information Statement This Annual Financial Information Statement pertains to the operations of Wyoming City School District for

More information

CITY OF MIAMI, FLORIDA DEBT MANAGEMENT PROCEDURES MANUAL

CITY OF MIAMI, FLORIDA DEBT MANAGEMENT PROCEDURES MANUAL CITY OF MIAMI, FLORIDA DEBT MANAGEMENT PROCEDURES MANUAL OVERVIEW This Procedures Manual has been drafted to assist in the development of goals, procedures for implementation and standards for reporting

More information

NORTHWEST COMMI SSI ON ON COLLEGES AND UNIVERSITIES

NORTHWEST COMMI SSI ON ON COLLEGES AND UNIVERSITIES NORTHWEST COMMI SSI ON ON COLLEGES AND UNIVERSITIES BASIC INSTITUTIONAL DATA FORM Information and data provided in the institutional self-evaluation are usually for the academic and fiscal year preceding

More information

Financial, Operational, and Federal Single Audit LIBERTY COUNTY DISTRICT SCHOOL BOARD. For the Fiscal Year Ended June 30, 2015

Financial, Operational, and Federal Single Audit LIBERTY COUNTY DISTRICT SCHOOL BOARD. For the Fiscal Year Ended June 30, 2015 March 2016 Financial, Operational, and Federal Single Audit LIBERTY COUNTY DISTRICT SCHOOL BOARD For the Fiscal Year Ended June 30, 2015 Sherrill F. Norman, CPA Auditor General Board Members and Superintendent

More information

AUDITOR GENERAL WILLIAM O. MONROE, CPA

AUDITOR GENERAL WILLIAM O. MONROE, CPA MARCH 2006 REPORT NO. 2006-151 AUDITOR GENERAL WILLIAM O. MONROE, CPA LEON COUNTY Financial and Federal Single Audit For the Fiscal Year Ended June 30, 2005 MARCH 2006 REPORT NO. 2006-151 Leon County District

More information

Sylacauga, City of, Alabama (AL)

Sylacauga, City of, Alabama (AL) Sylacauga, City of, Alabama (AL) 1City of Sylacauga, Alabama General Obligation Warrants, Series 2015, $17,550,000, Dated: August 4, 2015 2 City of Sylacauga, Alabama General Obligation Warrants, BAB B

More information

-?:tr \~ OG \~ FINAL GENERAL FUND BUDGET. Fiscal Year General Fund Budget Approval

-?:tr \~ OG \~ FINAL GENERAL FUND BUDGET. Fiscal Year General Fund Budget Approval LEA Name : Sto-Rox SD Class: 3 AUN Number : 103028853 County : Allegheny FINAL GENERAL FUND BUDGET Fiscal Year 2016-2017 General Fund Budget Approval Date of Adoption of the General Fund Budget: 06/30/2016

More information

DEBT MANAGEMENT. Debt Service Fund... 192 Leasing Fund... 196 Leasing Equipment Acquisition Fund... 197

DEBT MANAGEMENT. Debt Service Fund... 192 Leasing Fund... 196 Leasing Equipment Acquisition Fund... 197 DEBT MANAGEMENT Debt Service Fund... 192 Leasing Fund... 196 Leasing Equipment Acquisition Fund... 197 191 DEBT SERVICE FUND PROGRAM DESCRIPTIONS Debt service expenditures include the City s general governmental

More information

Florida High School For Accelerated Learning Hillsborough County Campus, Inc.

Florida High School For Accelerated Learning Hillsborough County Campus, Inc. Florida High School For Accelerated Learning Hillsborough County Campus, Inc. d/b/a (A Component Unit of the School Board of Hillsborough County, Florida) Basic Financial Statements and Additional Information

More information

The following document was not prepared by the Office of the State Auditor, but was prepared by and submitted to the Office of the State Auditor by a

The following document was not prepared by the Office of the State Auditor, but was prepared by and submitted to the Office of the State Auditor by a The following document was not prepared by the Office of the State Auditor, but was prepared by and submitted to the Office of the State Auditor by a private CPA firm. The document was placed on this web

More information

JACKSON COUNTY, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED December 31, 2015 TABLE OF CONTENTS

JACKSON COUNTY, GEORGIA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED December 31, 2015 TABLE OF CONTENTS COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED TABLE OF CONTENTS INTRODUCTORY SECTION Letter of Transmittal Certificate of Achievement for Excellence in Financial Reporting Organizational

More information

CITY OF THE VILLAGE OF CLARKSTON Oakland County, Michigan AUDITED FINANCIAL REPORT. For the Fiscal Year Ended June 30, 2016

CITY OF THE VILLAGE OF CLARKSTON Oakland County, Michigan AUDITED FINANCIAL REPORT. For the Fiscal Year Ended June 30, 2016 Oakland County, Michigan AUDITED FINANCIAL REPORT For the Fiscal Year Ended June 30, 2016 For the Year Ended June 30, 2016 Table of Contents INTRODUCTORY SECTION Table of Contents FINANCIAL SECTION Page

More information

DEPARTMENT OF TREASURY STATE TREASURER SCHOOL BOND QUALIFICATION, APPROVAL, AND LOAN RULES

DEPARTMENT OF TREASURY STATE TREASURER SCHOOL BOND QUALIFICATION, APPROVAL, AND LOAN RULES DEPARTMENT OF TREASURY STATE TREASURER SCHOOL BOND QUALIFICATION, APPROVAL, AND LOAN RULES (By authority conferred on the state treasurer by section 11 of 2005 PA 92, MCL 388.1931, and section 33 of 1969

More information

Fiscal Consolidation Study: Horicon and Mayville School Districts

Fiscal Consolidation Study: Horicon and Mayville School Districts Fiscal Consolidation Study: Horicon and Mayville School Districts November 23, 2015 Robert W. Baird & Co. Incorporated 777 East Wisconsin Avenue Milwaukee, Wisconsin 53202 800-792-2473 / 414-298-7354 Fax

More information

CITY OF DES MOINES, IOWA BALANCE SHEET GOVERNMENTAL FUNDS June 30, 2013

CITY OF DES MOINES, IOWA BALANCE SHEET GOVERNMENTAL FUNDS June 30, 2013 CITY OF DES MOINES, IOWA BALANCE SHEET GOVERNMENTAL FUNDS June 30, 2013 ASSETS DEBT TAX GENERAL SERVICE INCREMENT Cash and investments $ 13,823,153 $ 577,744 $ --- Taxes receivable 57,403,960 30,488,253

More information

TWELVE OAKS SPECIAL DISTRICT FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT SEPTEMBER 30, 2014

TWELVE OAKS SPECIAL DISTRICT FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT SEPTEMBER 30, 2014 TWELVE OAKS SPECIAL DISTRICT FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT SEPTEMBER 30, 2014 TABLE OF CONTENTS PAGE FINANCIAL SECTION Independent Auditors Report 1-3 Management s Discussion and

More information

Board of Education of Collierville Schools. Audited Financial Statements

Board of Education of Collierville Schools. Audited Financial Statements Board of Education of Collierville Schools Audited Financial Statements For the Fiscal Year Ended June 30, 2015 Table of Contents INTRODUCTORY SECTION Board Officials... 1 Organization Chart... 2 FINANCIAL

More information

Fiscal Year 2013-14 LAUSD Debt Report and Debt Management Policy Changes

Fiscal Year 2013-14 LAUSD Debt Report and Debt Management Policy Changes Fiscal Year 2013-14 LAUSD Debt Report and Debt Management Policy Changes Presentation to the Budget, Facilities and Audit Committee Office of the Chief Financial Officer May 7, 2015 District s Debt Policy

More information

Essential Programs & Services State Calculation for Funding Public Education (ED279):

Essential Programs & Services State Calculation for Funding Public Education (ED279): Essential Programs & Services State Calculation for Funding Public Education (ED279): Maine s Funding Formula for Sharing the Costs of PreK-12 Education between State and Local: 1. Determine the EPS Defined

More information

REPORT NO. 2012-156 MARCH 2012 GILCHRIST COUNTY DISTRICT SCHOOL BOARD. Financial, Operational, and Federal Single Audit

REPORT NO. 2012-156 MARCH 2012 GILCHRIST COUNTY DISTRICT SCHOOL BOARD. Financial, Operational, and Federal Single Audit REPORT NO. 2012-156 MARCH 2012 Financial, Operational, and Federal Single Audit For the Fiscal Year Ended June 30, 2011 BOARD MEMBERS AND SUPERINTENDENT Board members and the Superintendent who served

More information

City of West Palm Beach Florida. Budget In Brief Fiscal Year 2015

City of West Palm Beach Florida. Budget In Brief Fiscal Year 2015 City of West Palm Beach Florida Budget In Brief Fiscal Year 2015 September 11, 2014 Mayor Geraldine Muoio City Commission Sylvia Moffett President District 1 Isaac Robinson, Jr. District 2 Kimberly Mitchell

More information

ST. CLOUD PREPARATORY ACADEMY, INC. Basic Financial Statements and Supplemental Information. For the year ended June 30, 2015

ST. CLOUD PREPARATORY ACADEMY, INC. Basic Financial Statements and Supplemental Information. For the year ended June 30, 2015 ST. CLOUD PREPARATORY ACADEMY, INC. Basic Financial Statements and Supplemental Information For the year ended June 30, 2015 TABLE OF CONTENTS INDEPENDENT AUDITORS REPORT 1-2 MANAGEMENT S DISCUSSION AND

More information

GENERA L OBLIGATION DEBT SERVICE SUMMARY

GENERA L OBLIGATION DEBT SERVICE SUMMARY GENERA L OBLIGATION DEBT SERVICE SUMMARY General Obligation debt is secured by and payable from the receipts of annual ad valorem taxes, within legal limits, on taxable property within the City. The City

More information

The District uses funds to report on its financial position and the result of its operations.

The District uses funds to report on its financial position and the result of its operations. SIGNIFICANT BUDGET AND ACCOUNTING REQUIREMENTS BASIS OF PRESENTATION FUND ACCOUNTING The District uses funds to report on its financial position and the result of its operations. A fund is defined as a

More information

WALTON COUNTY, GEORGIA SCHOOL DISTRICT

WALTON COUNTY, GEORGIA SCHOOL DISTRICT WALTON COUNTY, GEORGIA SCHOOL DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2012 Prepared by: Walton County School District Finance Department COMPREHENSIVE ANNUAL FINANCIAL

More information

LEGISLATIVE SERVICES AGENCY OFFICE OF FISCAL AND MANAGEMENT ANALYSIS 301 State House (317) 232-9855

LEGISLATIVE SERVICES AGENCY OFFICE OF FISCAL AND MANAGEMENT ANALYSIS 301 State House (317) 232-9855 LEGISLATIVE SERVICES AGENCY OFFICE OF FISCAL AND MANAGEMENT ANALYSIS 301 State House (317) 232-9855 FISCAL IMPACT STATEMENT LS 7482 DATE PREPARED: Mar 30, 2001 BILL NUMBER: SB 199 BILL AMENDED: Mar 29,

More information

GRANT RECEIVABLES. A grant expenditure is incurred. A grant revenue is recorded when the check is received. (consider recording a receivable)

GRANT RECEIVABLES. A grant expenditure is incurred. A grant revenue is recorded when the check is received. (consider recording a receivable) FALL ASBO 2011 BALANCE SHEET ACCOUNTS GRANT RECEIVABLES EXPENDITURE A grant expenditure is incurred. REVENUE A grant revenue is recorded when the check is received. (consider recording a receivable) There

More information

Debt Service Funds Long-Term Debt and Lease Obligations

Debt Service Funds Long-Term Debt and Lease Obligations Debt Service Funds Debt Service Funds Long-Term Debt and Lease Obligations Provided herein is an overview of long-term debt and lease obligations which addresses the methods used by the City and County

More information

HERITAGE LANDING COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014

HERITAGE LANDING COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014 HERITAGE LANDING COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014 HERITAGE LANDING COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY,

More information

IMAGINE SCHOOLS AT SOUTH VERO (A division of Imagine Schools at South Indian River County, LLC) For the year ended June 30, 2014

IMAGINE SCHOOLS AT SOUTH VERO (A division of Imagine Schools at South Indian River County, LLC) For the year ended June 30, 2014 IMAGINE SCHOOLS AT SOUTH VERO (A division of Imagine Schools at South Indian River County, LLC) Basic Financial Statements and Supplemental Information For the year ended June 30, 2014 TABLE OF CONTENTS

More information

Florida Education Finance Program (FEFP)

Florida Education Finance Program (FEFP) F l o r i d a H o u s e o f R e p r e s e n t a t i v e s Florida Education Finance Program (FEFP) EDUCATION FACT SHEET 2010-11 What is the Florida Education Finance Program? The Florida Education Finance

More information

GLOSSARY OF TERMS. BUILDING MANAGER Non-certified persons hired by the school district to manage and oversee the operation of a school.

GLOSSARY OF TERMS. BUILDING MANAGER Non-certified persons hired by the school district to manage and oversee the operation of a school. GLOSSARY OF TERMS ACCUMULATIVE ENROLLMENT - The total number of students enrolled in a school year (beginning of the year enrollment plus any students added after that date), this count is used to determine

More information

The following document was not prepared by the Office of the State Auditor, but was prepared by and submitted to the Office of the State Auditor by a

The following document was not prepared by the Office of the State Auditor, but was prepared by and submitted to the Office of the State Auditor by a The following document was not prepared by the Office of the State Auditor, but was prepared by and submitted to the Office of the State Auditor by a private CPA firm. The document was placed on this web

More information

Incurring of Indebtedness

Incurring of Indebtedness Incurring of Indebtedness Goals for this Session Basic Understanding of: The decision to borrow Financing options Overview of the State Bond Commission The Decision to Borrow Develop a long range plan

More information

Debt Management. Department Description

Debt Management. Department Description Department Description Debt Management conducts planning, structuring, and issuance activities for short-term and long-term financing to meet the City's cash flow needs and to provide funds for capital

More information

Comprehensive Annual Financial Report. Columbia Public School District Columbia, Missouri

Comprehensive Annual Financial Report. Columbia Public School District Columbia, Missouri Comprehensive Annual Financial Report Columbia Public School District Columbia, Missouri For Fiscal Year Ended June 30, 2014 COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2014 COLUMBIA

More information

State of North Dakota Office Of State Tax Commissioner

State of North Dakota Office Of State Tax Commissioner State of North Dakota Office Of State Tax Commissioner RYAN RAUSCHENBERGER, COMMISSIONER Bismarck, North Dakota July 2015 Schedule of Levy Limitations Applicable To The Authority Of The Political Subdivisions

More information

NEW YORK. Description of the Formula. District-Based Components

NEW YORK. Description of the Formula. District-Based Components NEW YORK NOTE: The following is a high level summary of the NYS school finance system and not an exhaustive or comprehensive description of every school aid formula used in the State. Description of the

More information

The Performeter Analysis

The Performeter Analysis The Performeter Analysis At the end of the fiscal year, City management employed the firm of Crawford & Associates, P.C. to perform a financial analysis of the City s financial health and performance.

More information

Mecklenburg County, North Carolina Debt Policy

Mecklenburg County, North Carolina Debt Policy Mecklenburg County, North Carolina Debt Policy Introduction Mecklenburg County recognizes that one of the keys to sound financial management is a debt policy. These benefits are recognized by bond rating

More information

RILEY COMMUNITY CONSOLIDATED SCHOOL DISTRICT NO. 18 STATE OF ILLINOIS ANNUAL FINANCIAL REPORT

RILEY COMMUNITY CONSOLIDATED SCHOOL DISTRICT NO. 18 STATE OF ILLINOIS ANNUAL FINANCIAL REPORT RILEY COMMUNITY CONSOLIDATED SCHOOL DISTRICT NO. 18 STATE OF ILLINOIS ANNUAL FINANCIAL REPORT JUNE 30, 2015 RILEY COMMUNITY CONSOLIDATED SCHOOL DISTRICT NO. 18 TABLE OF CONTENTS JUNE 30, 2015 PAGE INDEPENDENT

More information

Colorado Legislative Council Staff FISCAL IMPACT STATEMENT LIMITS ON STATE AND LOCAL GOVERNMENT BORROWING

Colorado Legislative Council Staff FISCAL IMPACT STATEMENT LIMITS ON STATE AND LOCAL GOVERNMENT BORROWING Colorado Legislative Council Staff FISCAL IMPACT STATEMENT Amendment 61 Date: Fiscal Analyst: Fiona Sigalla, 303-866-3556 BALLOT TITLE: LIMITS ON STATE AND LOCAL GOVERNMENT BORROWING Fiscal Impact Summary*

More information

CHAPTER 10 CAPITAL IMPROVEMENTS ELEMENT

CHAPTER 10 CAPITAL IMPROVEMENTS ELEMENT CHAPTER 10 CAPITAL IMPROVEMENTS ELEMENT The 1978 and 1985 Levy County Comprehensive Plans contained a statement of economic feasibility as a part of the Future Land Use Plan. This chapter updates that

More information

Hammock Bay Community Development District

Hammock Bay Community Development District Hammock Bay Community Development District FINANCIAL STATEMENTS September 30, 2015 Table of Contents September 30, 2015 REPORT Independent Auditors' Report 1 FINANCIAL STATEMENTS Management s Discussion

More information

DEBT MANAGEMENT. General Debt Service and Ballpark Debt Service... 239 Leasing Fund... 244 Leasing Equipment Acquisition Fund...

DEBT MANAGEMENT. General Debt Service and Ballpark Debt Service... 239 Leasing Fund... 244 Leasing Equipment Acquisition Fund... DEBT MANAGEMENT General Debt Service and Ballpark Debt Service... 239 Leasing Fund... 244 Leasing Equipment Acquisition Fund... 246 237 238 GENERAL DEBT SERVICE & BALLPARK DEBT SERVICE PROGRAM DESCRIPTIONS

More information

LAKE WALES CHARTER SCHOOLS, INC.

LAKE WALES CHARTER SCHOOLS, INC. A CHARTER SCHOOL AND COMPONENT UNIT OF THE DISTRICT SCHOOL BOARD OF POLK COUNTY, FLORIDA FINANCIAL STATEMENTS WITH INDEPENDENT AUDITOR S REPORTS THEREON JUNE 30, 2015 CONTENTS Page Management s Discussion

More information

Overview of State Funding for Public Education in Idaho

Overview of State Funding for Public Education in Idaho Overview of State Funding for Public Education in Idaho Idaho s public schools receive revenue from state, local, and federal sources. This brief focuses on the allocation of state funds for public education,

More information

STATE OF MICHIGAN. Bond Qualification Process Overview. School Bond Qualification and Loan Program Bureau of Bond Finance

STATE OF MICHIGAN. Bond Qualification Process Overview. School Bond Qualification and Loan Program Bureau of Bond Finance Michigan Department of Treasury 3160, (Rev. 4-06) STATE OF MICHIGAN Bond Qualification Process Overview School Bond Qualification and Loan Program Bureau of Bond Finance Michigan Department of Treasury

More information

DESOTO COUNTY DISTRICT SCHOOL BOARD. Financial, Operational, and Federal Single Audit. For the Fiscal Year Ended June 30, 2012

DESOTO COUNTY DISTRICT SCHOOL BOARD. Financial, Operational, and Federal Single Audit. For the Fiscal Year Ended June 30, 2012 REPORT NO. 2013-158 MARCH 2013 Financial, Operational, and Federal Single Audit For the Fiscal Year Ended June 30, 2012 Real Version BOARD MEMBERS AND SUPERINTENDENT Board members and the Superintendent

More information

DEBT MANAGEMENT POLICY AND PROPOSED CERTIFICATES OF PARTICIPATION (COPs) TRANSACTION

DEBT MANAGEMENT POLICY AND PROPOSED CERTIFICATES OF PARTICIPATION (COPs) TRANSACTION DEBT MANAGEMENT POLICY AND PROPOSED CERTIFICATES OF PARTICIPATION (COPs) TRANSACTION Los Angeles Unified School District Office of the Chief Financial Officer Background Since 1990, District has issued

More information

AUDITED FINANCIAL STATEMENTS. NEWBERRY COUNTY, SOUTH CAROLINA Newberry, South Carolina. June 30, 2016

AUDITED FINANCIAL STATEMENTS. NEWBERRY COUNTY, SOUTH CAROLINA Newberry, South Carolina. June 30, 2016 AUDITED FINANCIAL STATEMENTS Newberry, South Carolina June 30, 2016 1 CONTENTS Audited Financial Statements Independent Auditors Report... Page 4 5 Management s Discussion and Analysis... 7-18 Audited

More information

Community Unit School District 220 4:40 Page 1 of 5

Community Unit School District 220 4:40 Page 1 of 5 Page 1 of 5 DEBT MANAGEMENT The policies set forth in this Debt Management Policy (the Policy ) have been developed to provide guidelines relative to the issuance, sale, statutory compliance, and investment

More information

CHAPTER 7 General Journal Entries

CHAPTER 7 General Journal Entries CHAPTER 7 Journal Entries Table of Contents Section Page INTRODUCTION 1 1 GENERAL FUND JOURNAL ENTRIES 2 1 Opening Entry... 1 Budget Entries... 2 Budget Entries Modifications... 2 Revenues Property Tax...

More information

The districts are divided into the following four groups, based on student net enrollment per square mile:

The districts are divided into the following four groups, based on student net enrollment per square mile: STATE OF WEST VIRGINIA EXECUTIVE SUMMARY OF THE PUBLIC SCHOOL SUPPORT PROGRAM BASED ON THE PRELIMINARY COMPUTATIONS FOR THE 2016-17 YEAR The Public School Support Program (PSSP) is a plan of financial

More information

Introductory Section. District School Board of Volusia County

Introductory Section. District School Board of Volusia County Introductory Section 1 2 Demographic Information Volusia County is located on the east coast of Central Florida and covers 1,207 square miles, with 47 miles of beachfront on the Atlantic Ocean. With a

More information

Comprehensive Annual Financial Report. Columbia Public School District Columbia, Missouri

Comprehensive Annual Financial Report. Columbia Public School District Columbia, Missouri Comprehensive Annual Financial Report Columbia Public School District Columbia, Missouri For Fiscal Year Ended June 30, 2015 COMPREHENSIVE ANNUAL FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2015 COLUMBIA

More information

A Primer for New Jersey Budget and Tax Levy Caps

A Primer for New Jersey Budget and Tax Levy Caps New Jersey Education Association Division of Research & Economic Services Rich Brown Associate Director Research & Economic Services June 2010 A Primer for New Jersey Budget and Tax Levy Caps Primer on

More information

SARASOTA MILITARY ACADEMY, INC. A CHARTER SCHOOL AND COMPONENT UNIT OF THE SCHOOL BOARD OF SARASOTA COUNTY. FINANCIAL STATEMENTS June 30, 2008

SARASOTA MILITARY ACADEMY, INC. A CHARTER SCHOOL AND COMPONENT UNIT OF THE SCHOOL BOARD OF SARASOTA COUNTY. FINANCIAL STATEMENTS June 30, 2008 FINANCIAL STATEMENTS June 30, 2008 TABLE OF CONTENTS INDEPENDENT AUDITOR'S REPORT... 1 MANAGEMENT'S DISCUSSION AND ANALYSIS... 3 BASIC FINANCIAL STATEMENTS: Government-wide Financial Statements: Statement

More information

Funding Pennsylvania Public Schools

Funding Pennsylvania Public Schools Funding Pennsylvania Public Schools TM 1 Introduction A recent study by the Pennsylvania School Boards Association determined that many citizens do not understand how Pennsylvania s public schools are

More information

SAN JUAN COUNTY (SILVERTON) SCHOOL DISTRICT NO. 1 SILVERTON, COLORADO. FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT June 30, 2014

SAN JUAN COUNTY (SILVERTON) SCHOOL DISTRICT NO. 1 SILVERTON, COLORADO. FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT June 30, 2014 SILVERTON, COLORADO FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT June 30, 2014 TABLE OF CONTENTS Independent Auditor s Report 2 Management s Discussion and Analysis 3-11 Basic Financial Statements:

More information

FLORIDA INTERNATIONAL ELEMENTARY ACADEMY

FLORIDA INTERNATIONAL ELEMENTARY ACADEMY FLORIDA INTERNATIONAL ELEMENTARY ACADEMY (A COMPONENT UNIT OF THE PUBLIC SCHOOL BOARD OF MIAMI-DADE COUNTY, FLORIDA) BASIC FINANCIAL STATEMENTS AND ADDITIONAL INFORMATION BASIC FINANCIAL STATEMENTS AND

More information

Charlotte Public Schools Charlotte, Michigan FINANCIAL STATEMENTS. June 30, 2012

Charlotte Public Schools Charlotte, Michigan FINANCIAL STATEMENTS. June 30, 2012 Charlotte, Michigan FINANCIAL STATEMENTS Charlotte, Michigan BOARD OF EDUCATION Ron Schultheiss President Julie Kimmer Vice-President Robert Wilson Secretary Andrew Hazel Treasurer Mike Bruce Trustee Eric

More information

OKLAHOMA. Jeffrey Maiden, Ph.D. University of Oklahoma. Amada M. Palliotta Oklahoma Senate Fiscal Analyst I. GENERAL BACKGROUND.

OKLAHOMA. Jeffrey Maiden, Ph.D. University of Oklahoma. Amada M. Palliotta Oklahoma Senate Fiscal Analyst I. GENERAL BACKGROUND. OKLAHOMA Jeffrey Maiden, Ph.D. University of Oklahoma Amada M. Palliotta Oklahoma Senate Fiscal Analyst I. GENERAL BACKGROUND State The State Aid Formula for Oklahoma School Districts includes a two-tiered

More information

DEBT MANAGEMENT POLICY

DEBT MANAGEMENT POLICY DEBT MANAGEMENT POLICY This policy sets forth the principles that will govern the use of debt to finance University capital projects and assigns responsibilities for the management of University debt.

More information

STATE OF WEST VIRGINIA EXECUTIVE SUMMARY OF THE PUBLIC SCHOOL SUPPORT PROGRAM BASED ON THE FINAL COMPUTATIONS FOR THE 2014-15 YEAR

STATE OF WEST VIRGINIA EXECUTIVE SUMMARY OF THE PUBLIC SCHOOL SUPPORT PROGRAM BASED ON THE FINAL COMPUTATIONS FOR THE 2014-15 YEAR STATE OF WEST VIRGINIA EXECUTIVE SUMMARY OF THE PUBLIC SCHOOL SUPPORT PROGRAM BASED ON THE FINAL COMPUTATIONS FOR THE 2014-15 YEAR The Public School Support Program (PSSP) is a plan of financial support

More information