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Area 5
1st Grade
Haley Greene
McClure MS Sarah Aldama
8th Grade
COBB COUNTY SCHOOL DISTRICT
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
Fiscal Year Ended June 30, 2013
Timothy Toby Ogunlowo
Area 1
Milo Kennedy
Mableton ES Gabe Sotillo
Area 3
Area 2
8th Grade
11th Grade
Campbell HS Whyteni Willis
Campbell MS Zai`Da Clark
Pope HS Caleb Mitchell
Area 2
11th Grade
Area 3
Area 5
3rd Grade
8th Grade
Area 3
4th Grade
Area 4
4th Grade
Sedalia Park ES Jordan Grubb
Tapp MS Leah Delfausse
Brumby ES Aiden Bryce
Area 5
Area 5
6th Grade
11th Grade
North Cobb HS Symone Brown
Russell ES
5th Grade
Lost Mountain MS
Report Prepared by Financial Services Division Mr. Brad Johnson, Chief Financial Officer 514 Glover Street - Marietta, Georgia 30060
Area 4
Vaughan ES Madeline Ambery
Keheley ES
Area 2
3rd Grade
Acknowledgements
On behalf of the Cobb County Board of Education and the Financial Services Division, we are proud to present the 2013 Comprehensive Annual Financial Report.
We hope you enjoy the exemplary artwork displayed on the cover and within the pages of this report. The artists, from kindergarten through grade 12 of the Cobb County School District, continue a long tradition of transforming a financial document into an art gallery. Their works of art reflect the extraordinary standards in art education that have become a hallmark of the District. Please take a moment and escape into their world - a world of objects, places and people for you to see, wonder about and enjoy.
As Chief Financial Officer, along with the Financial Services Division, and particularly Jan Hendrix and the Accounting Services staff, we would like to express our deep appreciation to the art teachers and Judy Condon, Supervisor of Art Education, for their passion and dedication to the art of teaching art. These works will become part of the District's art collection for many years to come. To the student artist, thank you for turning our 2013 Comprehensive Annual Financial Report into a beautiful work of art.
Brad Johnson Chief Financial Officer
Haley Greene, 8th Grade Art Teacher, Melinda Kerpoe McClure Middle School Area 5
Milo Kennedy, 1st Grade Art Teacher, Cheryl Anthony Mableton Elementary School Area 1
Sara Aldama, 11th Grade Art Teacher, Michael Ross Campbell High School Area 2
Gabe Sotillo, 11th Grade Art Teacher, Joy Johnson Pope High School Area 3
Whyteni Willis, 4th Grade Art Teacher, Lisa Casey Sedalia Park Elementary School Area 3
Timothy Toby Ogunlowo, 8th Grade Caleb Mitchell, 3rd Grade
Art Teacher, Emily Ledford
Art Teacher, William Dryden
Campbell Middle School
Brumby Elementary School
Area 2
Area 3
Jordan Grubb, 11th Grade Art Teacher, Dorothy Holmes North Cobb High School Area 4
Zai`Da Clark, 8th Grade Art Teacher, Tracey MacJack Tapp Middle School Area 5
Aiden Bryce, 4th Grade Art Teacher, Carol Case Vaughan Elementary School Area 5
Symone Brown, 5th Grade Art Teacher, Suzanne Hutsenpiller Russell Elementary School Area 2
Leah Delfausse, 6th Grade Art Teacher, Julie Denison Lost Mountain Middle School Area 5
Madeline Ambery, 3rd Grade Art Teacher, Renee Theriot Keheley Elementary School Area 4
COBB COUNTY SCHOOL DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS FOR THE YEAR ENDED JUNE 30, 2013
INTRODUCTORY SECTION Letter of Transmittal Certificate of Achievement / GFOA Certificate of Excellence / ASBO Cobb County School District - Function and Composition Cobb County School District Elected Officials and Superintendent of Schools Cobb County School District - Superintendent's Cabinet Cobb County School District - Organizational Chart
FINANCIAL SECTION Independent Auditor's Report Management's Discussion and Analysis Basic Financial Statements District-wide Financial Statements: Statement of Net Position Statement of Activities Fund Financial Statements: Balance Sheet - Governmental Funds Reconciliation of the Governmental Funds Balance Sheet to the
Statement of Net Position
PAGE i-v vi vii viii ix x xi
1-4 5-16
17 18
19 20
Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities
Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis) General Fund
Statement of Fund Net Position Proprietary Funds
Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds
Statement of Cash Flows - Proprietary Funds
Statement of Fiduciary Assets and Liabilities Fiduciary Funds
Notes to the Basic Financial Statements
Combining and Individual Fund Financial Statements and Schedules:
Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds
Combining Balance Sheet - Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Governmental Funds
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual (Non-GAAP Budgetary Basis) Annually Budgeted Nonmajor Governmental Funds
Internal Service Funds Fund Descriptions
Combining Statement of Fund Net Position - Internal Service Funds
Combining Statement of Revenues, Expenses, and Changes in Fund Net Position - Internal Service Funds
PAGE 21
22
23 24 25 26 27 28-51
52-54 55-59 60-64
65-82 83 84 85
Combining Statement of Cash Flows - Internal Service Funds Fiduciary Funds Fund Descriptions Combining Statement of Fiduciary Assets and Liabilities Fiduciary Funds Combining Statement of Changes in Fiduciary Assets and Liabilities Fiduciary Funds Supplementary Schedules: SPLOST II - Special Purpose Local Option Sales Tax Projects SPLOST III - Special Purpose Local Option Sales Tax Projects
STATISTICAL SECTION (Unaudited) Statistical Section Contents Net Position by Component - Last Ten Fiscal Years Changes in Net Position Last Ten Fiscal Years Fund Balances, Governmental Funds Last Ten Fiscal Years Changes in Fund Balances, Governmental Funds
Last Ten Fiscal Years Property Tax Levies and Collections Assessed and Estimated Actual Value of Taxable Property -
Last Ten Fiscal Years Direct and Overlapping Property Tax Rates Last Ten Fiscal Years Principal Property Taxpayers December 31, 2012 and Nine Years Ago Legal Debt Margin Information Last Ten Fiscal Years
PAGE 86 87 88 89
90-91 92-93
94 95-96 97-98 99-100 101-102 103 104 105 106 107
Legal Debt Margin Information Fiscal Year 2013 Ratios of Outstanding Debt by Type Last Ten Fiscal Years Ratio of Net General Bonded Debt to Estimated Actual Value and
Net Bonded Debt per Capita Last Ten Fiscal Years Computation of Direct and Overlapping General Obligation Debt Cobb County Demographic and Economic Statistics
Last Ten Fiscal Years Principal Employers Current Year and Nine Years Ago Comparison of Metropolitan Atlanta School District Property Tax Rates Cobb County Bank Deposits, Construction and Taxable Property Values Last Ten Fiscal Years Property Digest Reductions Due to Exemptions Last Ten Fiscal Years Number of Personnel and Ratio of Pupils to Professional Personnel -
Last Ten Fiscal Years Operating Statistics Last Ten Fiscal Years General Fund Expenditures by Function Last Ten Fiscal Years General Fund Revenues by Source Last Ten Fiscal Years Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Expenditures Last Ten Fiscal Years Results of All Bond and Sales Tax Referendums School Buildings Last Ten Fiscal Years Teachers' Salary Schedule Last Ten Fiscal Years Administrative Salary Schedule
PAGE
108 109
110 111
112 113 114
115 116
117 118 119 120
121 122 123-130 131 132
Schedule of Insurance in Force School Lunch and Breakfast Program Last Ten Fiscal Years Number of Schools Last Ten Fiscal Years Number of High School Graduates and Average Daily Enrollment and
Attendance Last Ten Fiscal Years Active Enrollment by Grade Level Last Ten Fiscal Years Classroom Buildings, Grade Levels and Acreage
PAGE 133-134
135 136
137 138 139-140
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P.O. Box 1088 Marietta, GA 30061 Telephone: (770) 426-3300 www.cobbk12.org
December 6, 2013
To the Members of the Cobb County Board of Education and Citizens of Cobb County, Georgia:
We are pleased to submit to you the comprehensive annual financial report (CAFR) of the Cobb County School District (District) for the fiscal year ended June 30, 2013. This report conforms to generally accepted accounting principles as applicable to governmental entities. The Financial Services Division prepared this report. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the District's administration and is presented for your careful review.
We believe the data, as presented, is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the District as measured by the financial activity of its various funds; and that all disclosures necessary to enable the reader to gain the maximum understanding of the District's financial activity have been included. A comprehensive framework of internal control is in place to give reasonable assurance that the financial statements are free of any material misstatements. Because the cost of internal controls should not exceed anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements.
Readers of this report are encouraged to consider the information presented here in conjunction with additional information presented in the Management's Discussion and Analysis beginning on page four of this report.
______________________________________________________________________________
PROFILE OF THE SCHOOL DISTRICT ______________________________________________________________________________
Cobb County School District is one of two public school districts located in Cobb County, Georgia. The District serves the entire county area with the exception of the City of Marietta, which has its own independent school district. It provides a program of public education from kindergarten through grade twelve. The purpose and responsibility of the District is to provide a thorough and efficient educational system for the children enrolled in public schools within its boundaries whereby each child has access to programs and services that are appropriate to his or her educational needs.
BOARD OF EDUCATION SUPERINTENDENT
Randy Scamihorn, Chair Brad Wheeler, Vice Chair Tim Stultz David Morgan Kathleen Angelucci David Banks Scott Sweeney
Michael Hinojosa, Ed.D.
The District is the second largest school system in Georgia and the 24th largest in the United States with an average daily enrollment of 108,240. The District is governed by a Board of Education consisting of seven members elected from seven county posts. Members serve fouryear terms and each year appoint a chairperson and vice-chairperson. The Board appoints a Superintendent to oversee the day-to-day administration of the School District.
Dr. Michael Hinojosa currently serves as the 24th Superintendent of the Cobb County School District. He holds a doctorate in education from the University of Texas at Austin. With a career in public education that spans more than three decades, Dr. Hinojosa's previous experience was with the Dallas Independent School District in Texas, where he served as Superintendent/CEO. The Dallas Independent School District is the 14th largest school system in the United States. Dr. Hinojosa's recognitions include Texas Association of School Board's 2002 Superintendent of the Year and University of Texas at Austin's 2005 Superintendent of the Year. Texas Tech University's College of Education has honored Dr. Hinojosa as a Distinguished Alumnus.
The District prides itself on providing a quality educational experience to all of our students, while efficiently managing our resources. Here are a few of the many accomplishments from the 2013 fiscal year:
The District average SAT score of 1515 is 63 points higher than the state average and 17 points higher than the national average. 81% of 2013 graduates took the SAT.
In 2012 and 2013, 15 Cobb high schools were recognized by the Georgia Department of Education as Advanced Placement Honor Schools for increasing AP access and participation. Cobb is among just 388 public school systems in the United States to earn a place on the College Board's AP Achievement List for expanding access to rigorous AP coursework.
Cobb students meet with success and move on to post-secondary schools at high rates. For 2011 (most recent data available), 75.5% enrolled in post-secondary institutions during the first year after graduation.
Two of Cobb's elementary schools, Fair Oaks and Tritt, were recognized as National Blue Ribbon Schools. A total of 10 District schools have received this prestigious award since the year 2000.
For 2011 (most recent data available), the District had the lowest administrative expense per student when comparing the five largest metro Atlanta school districts.
More details may be obtained through the District's Communications Department.
The District has reviewed its operating entity definition in order to ensure conformance with the Governmental Accounting Standards Board Statement No. 61, "The Financial Reporting Entity: Omnibus an Amendment of GASB Statements No. 14 and No. 34." This report includes all funds and account groups of the District. The District is not included in any other reporting entity, and no other entities are included within this report.
The District maintains budgetary controls to ensure compliance with legal provisions embodied in the annual appropriated budget approved by the Cobb County Board of Education. Activities
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of the General Fund, Special Revenue Funds and Student Information Systems Fund are included in the annual appropriated budget. Capital Projects Funds are budgeted on a multi-year, projectlength basis. The level of budgetary control (that is, the level at which expenditures cannot legally exceed the appropriated amount) is established by function within an individual fund. _____________________________________________________________________________
ECONOMIC CONDITION AND OUTLOOK ______________________________________________________________________________
The District is located in the northwest quadrant of the Atlanta metropolitan area, one of the country's top growth areas. Metropolitan Atlanta is a national center for finance, transportation, distribution and communications. These factors, coupled with a mild climate, beautiful natural environment, affordable housing and a first-class international airport help to consistently place Atlanta at or near the top of surveys identifying the most desirable U. S. cities in which to locate a business. Cobb County is a leader among the metropolitan counties in all economic areas. In fiscal year 2011 (most recent figures available), Cobb County had one of the metropolitan area's highest average household incomes at $65,423, an unemployment rate of 8.0%, and a growing population which increased from 630,600 in 2003 to 707,500 in 2012. Student enrollment for the 2013 fiscal year was 108,262.
In fiscal year 2013 the District's gross property digest decreased by 2.2% over the 2012 fiscal year's digest as compared to a decrease of 5.7% the previous year and a total decrease of 13.6% over the last five years. This was a reflection of the nationwide erosion of real estate values during the recent economic downturn.
In addition to a decline in property tax revenue, the District encountered financial challenges during fiscal year 2013 due to $72.1 million austerity cuts in state funding. We expect continuing challenges in the future due to further anticipated cuts in state funding, as well as lower property tax revenue due to continuing depressed real estate values. Despite these challenges, the District remains committed to conservative fiscal management practices. In addition to the State-mandated requirement of a balanced budget, we are committed to remain debt-free, and to maintain a minimum unassigned General Fund Balance equal to one month's operating expenditures, as stated in official Board policy. ______________________________________________________________________________
LONG-TERM FINANCIAL PLANNING ______________________________________________________________________________
The District anticipates meeting its projected capital improvement needs through December 2018 through county sales tax revenues. In March 2013, the citizens of Cobb County voted to renew a one-percent local option sales tax for education over a period of five years beginning January 1, 2014 and ending December 31, 2018. The revenue generated from sales tax has been or will be used to construct new schools, improve existing schools, construct major additions to many schools, improve technology and security throughout the District and acquire land for future expansion. A schedule of District school buildings and their age can be found on pages 139 and 140, in the statistical section.
iii
___________________________________________________________________________
OTHER INFORMATION ______________________________________________________________________________
Independent Audit: The financial statements have been audited by Mauldin & Jenkins, LLC, whose opinion is expressed on page 1. The District complies with the requirements of the Single Audit Act and associated reports and schedules are presented in a separately issued Report of Independent Certified Public Accountants in Accordance with the Single Audit Act and Governmental Auditing Standards.
Financial Reporting Awards: Every year since 1980, our comprehensive annual financial report has earned a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA). Additionally, the District's comprehensive annual financial report received the Association of School Business Officials' (ASBO) Certificate of Excellence in Financial Reporting every year since 1984.
These prestigious awards are made only to government units which publish a comprehensive annual financial report that is easily readable, efficiently organized, and conforming to program standards and satisfies generally accepted accounting principles and applicable legal requirements. The awards are valid for a period of one year only. We believe the accompanying report continues to conform to award eligibility, and will submit it for determination as appropriate.
Budget Presentation Award: The District prepares an official budget document each year which is issued as a separate report. Since 1990, the district has received the Distinguished Budget Presentation Award from GFOA. In order to receive this award, the District must publish a budget document that meets program criteria as a policy document, a financial plan, an operations guide, and as a communications device. The award is valid for a period of one year only. We have received the Meritorious Budget Award from ASBO every year since 2005. The criteria required by ASBO includes an introductory, organizational, financial and information section. We believe the most recent budget continues to conform to program requirements, and we are submitting it to GFOA and ASBO to determine its eligibility for another award.
Acknowledgments: We wish to express our appreciation to Jan Hendrix, Director of Accounting Services, and to the entire staff of the Financial Services Division whose dedicated efforts have enabled this report to be prepared on a timely basis. We would especially like to recognize the students of our District for providing the beautiful artwork for our Comprehensive Annual Financial Report.
The active involvement and professional support of Mauldin & Jenkins, LLC Audit Manager, Christopher McKellar and his auditing staff have been instrumental in the prompt completion of the associated audit of this report.
iv
In closing, sincere gratitude is expressed to the Board of Education for their leadership and dedication to the Cobb County School District, its taxpayers, employees, and, most importantly, its students. To the citizens of the Cobb County School District, please accept our gratitude for your support of our successful school district. Respectfully submitted, Dr. Michael Hinojosa Superintendent Brad R. Johnson Chief Financial Officer
v
Government Finance Officers Association
Certificate of Achievement for Excellence in
Financial Reporting
Presented to
Cobb County School District Georgia
For its Comprehensive Annual Financial Report
for the Fiscal Year Ended
June 30, 2012
Executive Director/CEO
vi
vii
COBB COUNTY SCHOOL DISTRICT
FUNCTION AND COMPOSITION JUNE 30, 2013
All matters relating to education and operations in the Cobb County School District are governed and controlled by the Board of Education as provided by Georgia law. The Board has the responsibility to maintain a uniform system of public schools providing quality education for all young people of Cobb County. With the advice of the superintendent, the Board must determine the policies and prescribe the rules and regulations for the management and administration of the school system.
Generally, the Board holds public meetings twice a month to conduct normal business with special sessions as needed. The Board is composed of seven members who are each elected for four years from one of seven geographical districts in the county. The Board elects a chairman and vice-chairman from the seven members to govern the body for a one year period. As of June 30, 2013 the members of the Board and years of expiration of their terms are as follows:
Title Chair Vice-Chair Board Member Board Member Board Member Board Member Board Member
Name Mr. Randy Scamihorn Mr. Brad Wheeler Mr. Tim Stultz Ms. Kathleen Angelucci Mr. David Morgan Mr. David Banks Mr. Scott Sweeney
Term Expires December 31, 2016 December 31, 2016 December 31, 2014 December 31, 2014 December 31, 2016 December 31, 2016 December 31, 2014
viii
COBB COUNTY SCHOOL DISTRICT ELECTED OFFICIALS AND SUPERINTENDENT OF SCHOOLS
JUNE 30, 2013
RANDY SCAMIHORN
POST 1
1 Year Served
TIM STULTZ
POST 2 3 Years Served
DAVID MORGAN
POST 3 5 Years Served
KATHLEEN ANGELUCCI
POST 4
3 Years Served
DAVID BANKS
POST 5 5 Years Served
SCOTT SWEENEY BRAD WHEELER
POST 6 3 Years Served
POST 7 1 Year Served
MICHAEL HINOJOSA
SUPERINTENDENT
ix
COBB COUNTY SCHOOL DISTRICT
SUPERINTENDENT'S CABINET JUNE 30, 2013
Michael Hinojosa Cheryl Hungerford Chris Ragsdale Angela Huff Brad Johnson Amy Krause Michael Shanahan Jay Dillon Mary Elizabeth Davis Carol Seay Barbara Swinney Dale Gaddis Doreen Griffeth Ed Thayer James Carter Vacant
Superintendent Deputy Superintendent for Leadership and Learning Deputy Superintendent for Operational Support Chief of Staff Chief Financial Officer Chief Academic Officer Chief Human Resources Officer Director of Communications Assistant Superintendent, Curriculum and Instruction Assistant Superintendent, Special Student Services Area Assistant Superintendent, Area 1 Area Assistant Superintendent, Area 2 Area Assistant Superintendent, Area 3 Area Assistant Superintendent, Area 4 Area Assistant Superintendent, Area 5 Area Assistant Superintendent, Area 6
x
COBB COUNTY SCHOOL DISTRICT ORGANIZATIONAL CHART JUNE 30, 2013
Citizens of Cobb County
Board of Education
Board Attorney
Superintendent Dr. Michael Hinojosa
Deputy Superintendent Leadership &
Learning Dr. Cheryl Hungerford
Deputy Superintendent
Operational Support
Chris Ragsdale
Chief of Staff Dr. Angela Huff
Chief Financial Officer
Brad Johnson
Chief Academic Officer
Amy Krause
Chief Human Resources Officer Michael Shanahan
xi
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Area 5
8th Grade
Haley Greene McClure Middle School
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INDEPENDENT AUDITOR'S REPORT
To the Superintendent and Members of the Cobb County Board of Education Marietta, Georgia
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the Cobb County Board of Education as of and for the year ended June 30, 2013, and the related notes to the financial statements, which collectively comprise the Cobb County Board of Education's basic financial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the Cobb County Board of Education as of June 30, 2013, and the respective changes in financial position, and, where applicable, cash flows thereof and the budgetary comparison for the General Fund, for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Emphasis of Matter
As discussed in Note 1, the Cobb County Board of Education implemented Governmental Accounting Standards Board (GASB) Statement No. 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources and Net Position, as well as Statement No. 65, Items Previously Reported as Assets and Liabilities, as of July 1, 2012. Our opinions are not modified with respect to this matter.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis on pages 5 through 16 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
2
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Cobb County Board of Education's basic financial statements. The combining and individual nonmajor fund financial statements and schedules, the SPLOST II schedule of expenditures of Special Purpose Local Option Sales Tax Projects, the SPLOST III schedule of expenditures of Special Purpose Local Option Sales Tax Projects, and the introductory and statistical sections are presented for purposes of additional analysis and are not a required part of the basic financial statements.
The combining and individual nonmajor fund financial statements and schedules, the SPLOST II schedule of expenditures of Special Purpose Local Option Sales Tax Projects, and the SPLOST III schedule of expenditures of Special Purpose Local Option Sales Tax Projects are the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements and schedules, the SPLOST II schedule of expenditures of Special Purpose Local Option Sales Tax Projects, and the SPLOST III schedule of expenditures of Special Purpose Local Option Sales Tax Projects, are fairly stated, in all material respects, in relation to the basic financial statements as a whole.
The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on them.
3
Other Reporting Required by Governmental Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated December 6, 2013 on our consideration of the Cobb County Board of Education's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Cobb County Board of Education's internal control over financial reporting and compliance.
Atlanta, Georgia December 6, 2013
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MANAGEMENT'S DISCUSSION
AND ANALYSIS
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2013
The discussion and analysis of the Cobb County School District's (subsequently referred to as the District) financial performance provides an overall review of the District's financial activities for the fiscal year ended June 30, 2013. The intent of this discussion and analysis is to look at the District's financial performance as a whole. Readers should also review the transmittal letter and complete financial statements, with notes, to enhance their understanding of the District's financial performance.
Financial Highlights
Key financial highlights for 2013 are as follows:
Total net position increased from $1,454.7 million in 2012 to $1,483.5 million in 2013, an increase of $28.8 million.
Total revenue decreased from $1,105.3 million in 2012 to $1,097.3 million in 2013, a decrease of $8 million. Revenue for 2013 was $28.8 million more than expenses.
Total expenses decreased from $1,074.1 million in 2012 to $1,068.5 million in 2013, a decrease of $5.6 million.
Overview of the Financial Statements
This discussion and analysis serves as an introduction to the District's basic financial statements. The basic financial statements comprise three components: 1) District-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.
Districtwide Financial Statements
The District-wide financial statements provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.
The Statement of Net Position presents information on all of the District's assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2013
The Statement of Activities presents information showing how the District's net position changed during the most recent fiscal year. Changes in net position appear as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses appear in this statement for some items that will result in future fiscal period cash flows (e.g., uncollected taxes and earned but unused vacation leave).
Fund Financial Statements
A fund is a grouping of related accounts used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with financerelated legal requirements. District funds are in one of three categories: governmental funds, proprietary funds, and fiduciary funds.
Governmental Funds
Most of the District's activities are reported in governmental funds. The governmental fund statements focus on how money flows in and out of those funds and the balances left at year-end that are available for spending in future periods. These statements also provide a detailed short-term view of the District's general government operations and the basic services it provides. Governmental fund information helps you determine whether there are more or fewer financial resources that can be spent in the near future to finance educational programs. The District maintains numerous governmental funds with the majority of activity occurring in the General Fund.
Proprietary Funds
Proprietary funds are those used to account for ongoing organizations and activities which are similar to those found in the private sector. The District's proprietary funds are internal service funds and report activities that provide supplies and services for its other programs and activities. The District's internal service funds consist of the Unemployment Compensation Fund, the Self-Insurance Fund, and the Dental Insurance Fund.
Fiduciary Funds
The District is the trustee, or fiduciary, for assets that belong to others. The District's fiduciary funds include the Student Activity Fund and the Payroll Withholding Fund. The District is responsible for ensuring that the assets in these funds are used exclusively for their intended purposes for the benefit of those to whom the assets belong. The District excludes these funds from the district-wide financial statements because it cannot use these assets to finance its operations.
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2013 District-wide Financial Analysis The Condensed Statement of Net Position Table (Table I) below summarizes and compares the Statement of Net Position for 2013 and 2012. In 2013, the District's net position increased 2.0%, or $28.8 million, over the prior year due primarily to an increase in capital assets. Total current and other assets reflected a net increase of 1.6%, or $25.1 million, primarily due to an increase in total capital assets of 2.6%, or $32 million. Cash and cash equivalents increased in the General Fund by $0.2 million and decreased in Special Purpose Local Option Sales Tax (SPLOST) Funds and the other governmental funds by $10.3 million, $23.5 million, respectfully. Total receivables declined by $0.6 million, while inventories increased by $0.4 million. Capital assets increased by 2.6%, or $32 million, while total liabilities decreased by 3.2%, or $3.7 million, resulting in a modest increase in net position. The increase in capital assets was primarily attributable to the construction of a new school, Smyrna Elementary, and major capital improvements at Wheeler and Lassiter High Schools.
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2013
Table I Condensed Statement of Net Postion (Amounts Expressed In Millions)
$70.8
$149.9
$14.1
$96.6
$1,262.8
Lon g-Term Liabilities Oth er Liabilities Net Investmen t in Capital Assets Res tricted Un restricted
Governmental Activities
As s e ts : Current and Other Assets Capital Assets
Total Assets
Liabilitie s : Long-Term Liabilities Other Liabilities
Total Liabilities
Net Position: Net Investment in Capital Assets Restricted Unrestricted
Total Net Position
2012
$
338.3
1,230.8
1,569.1
12.2 102.2 114.4
1,230.9 76.3 147.5
$ 1,454.7
2013
$
331.4
1,262.8
1,594.2
14.1 96.6 110.7
1,262.8 70.8 149.9
$ 1,483.5
Change 2012-2013
-2.0% 2.6% 1.6%
15.6% -5.5% -3.2%
2.6% -7.2% 1.6% 2.0%
8
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2013
Changes in Net Position from Operating Results
The Changes in Net Position from Operating Results Table (Table II) below summarizes and compares the Statement of Activities for 2013 and 2012.
Revenues
In 2013, the District's total revenues decreased 0.7%, or $8 million, over the prior year due primarily to a decrease in property tax revenue.
Charges for services increased by 2.2%, or $1.3 million primarily due to a modest increase in leased property revenue from cell towers.
Operating grants and contributions increased by 5.0%, or $24.1 million, primarily due to an instructional revenue increase of 4%, or $20.5 million, resulting from changes in healthcare funding and an increase in teacher retirement system contributions.
General property taxes decreased 1.4%, or $7.2 million, due to the reduction of property values and an increase in property foreclosures.
All other revenue sources decreased by 54.5%, or $3.6 million due to a one-time insurance settlement of $2.5 million in the prior fiscal year.
Expenses
In 2013, the District's total expenses decreased 0.5%, or $5.6 million, over the prior year due primarily to a decrease in the cost of providing school and administrative services.
School and administrative services decreased 10.9%, or $19.1 million. SPLOST III expenditures decreased moving into the final phrase.
Maintenance and operations increased 17.1%, or $10.3 million. This was largely due to the cost of furnishing new or replacement schools with new classroom furniture and equipment.
Student transportation increased 4.9%, or $2.2 million due to increased fuel costs.
Instruction increased by 0.5%, or $3.5 million mainly due to an increase in the Teacher Retirement System contribution rate.
9
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2013
Table II Changes in Net Position from Operating Results (Amounts Expressed In Millions)
$1,300 $1,200 $1,100 $1,000
$900 $800 $700 $600 $500 $400 $300 $200 $100
$0
Revenues
2012
2013
Governmental Activities
Revenues: Program Revenues:
Charges for Services Operating Grants and Contributions Capital Grants and Contributions General Revenues: Taxes Intergovernmental Other Total Revenues Expenses: Instruction Pupil and Instructional Services School and Administrative Services Student Transportation Maintenance and Operations Student Activities Interest and Fiscal Charges Total Expenses
Increase in Net Positon Beginning Net Position Ending Net Postion
Other Intergovernmental Taxes Capital Grants Operating Grants Charges for Services
$1,200 $1,100 $1,000
$900 $800 $700 $600 $500 $400 $300 $200 $100
$0
Expenses
2012 2012
2013
Interest & Fiscal Chrg Student Activites Maintenance Transportation School & Admin Serv Pupil & Instr Serv Instruction
2013
Change 2012-2013
$
59.4 $
60.7
478.9
505.0
30.8
7.3
528.5 1.1 6.6
1,105.3
521.3 3.0
1,097.3
682.2 81.5
175.7 44.7 60.1 29.8 0.1
1,074.1
685.7 80.4 156.6 46.9 70.4 28.5
1,068.5
31.2 1,423.5
28.8 1,454.7
$
1,454.7 $ 1,483.5
2.2% 5.4% -76.3%
-1.4% -100.0% -54.5%
-0.7%
0.5% -1.3% -10.9% 4.9% 17.1% -4.4% 100.0% -0.5%
-7.7% 2.2% 2.0%
10
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2013
Table III Net Cost of Governmental Activities (Amounts Expressed In Millions)
Total and Net Costs of Services - 2013
$700 $600 $500 $400 $300 $200 $100
$0 Instruction Pupil/Instr Service Sch/Adm Service
Transp
Maint/Oper
Other
Net Cost
Total Cost
--Total Cost of Services--
Change
2012
2013
2012-2013
--Net Cost of Services--
Change
2012
2013
2012-2013
Instruction
$
Pupil and Instructional Services
School and Administrative Services
Student Transportation
Maintenance and Operations
Other
682.2 $ 81.5 175.7 44.7 60.1 29.9
685.7 80.4 156.6 46.9 70.4 28.5
Total
$ 1,074.1 $ 1,068.5
0.5% $ 241.5 $ 238.6
-1.3%
50.6
53.5
-10.9%
114.5
93.5
4.9%
39.0
41.3
17.1%
59.2
68.6
-4.7%
0.2
-
-0.5% $ 505.0 $ 495.5
-1.2% 5.7% -18.3% 5.9% 15.9% -100.0%
-1.9%
Governmental Activities The Net Cost of Governmental Activities Table (Table III) presents the total and net cost of six major District activities: Instruction, Pupil and Instructional Services, School and Administrative Services, Student Transportation, Maintenance and Operations, and other.
Net Cost of Services is the total cost less fees generated by the activities and intergovernmental revenue provided for specific programs. The net cost shows the financial burden on the District's taxpayers by each activity. The total cost of governmental services in 2013 was $1,068.5 million. Users of the District's programs financed $60.7 million of the costs. Federal and State grants, subsidized programs and contributions financed $512.3 million of the cost. District taxpayers financed the remaining costs of 2013 which totaled $495.5 million.
11
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2013
The School District's Funds
The District ended fiscal year 2013 with a healthy fund balance in its governmental funds. The combined balance of all governmental funds, at $222.8 million, was 2.5% lower than 2012's ending balance of $228.6 million. SPLOST III fund balance increased by $15.5 million as expenditures slowed as we near the completion of the SPLOST III capital projects. The nonmajor governmental fund's fund balance decreased by $22.6 million, or 36.9% primarily due to decreases in SPLOST II and County-Wide Building by $21.8 million and, $2.4 million respectively. The reduction in SPLOST II was primarily attributable to a $20.3 million transfer of excess SPLOST II funds to the General Fund. County-Wide Building decreased due to the final reconstruction costs of Clarkdale Elementary. The General Fund's fund balance increased by $1.4 million, or 1.0%, due to a modest increase in State funding over the prior fiscal year.
General Fund Budgetary Highlights
The 2013 budget balanced the realities of the economic downturn being felt in every sector, and education is no exception. Georgia's slow economic recovery has not yielded an increase in the District's two primary revenue streams state funding and local property tax collections. Due to sound financial preplanning, the Fiscal Year 2013 Budget was developed using the most efficient and effective use of available resources.
The most significant fund for the District is the General Fund, funded primarily through state revenue and local property tax revenue. The State of Georgia is required to maintain a balanced budget (a constitutional requirement in Georgia) and with a challenging economy, the State of Georgia issued budget reductions to all school districts in Georgia. In addition to its regular budgetary cycle, the State of Georgia imposed austerity reductions of $69.8 million, and $72.4 million, and $72.1 in fiscal years 2011, 2012, and 2013 respectively.
The 2013 original budget for the General Fund was approved with $820.8 million in revenue and $849.0 million in expenditures, with the expectation of using $28.2 million in fund balance in order to balance the budget. During the course of the year, the board increased the revenue budget to $823.0 million to reflect updated estimates of state funding. Expenditures of the General Fund budget were increased to $863.2 million, in order to bring forward amounts for encumbrances from the prior year budget into the current year budget.
For 2013, actual General Fund revenue was $12.7 million more than the final revised budget, a favorable variance of just 1.5% General Fund expenditures were $28.9 million less than the final revised budget, a favorable variance of only 3.3%. The ability to budget within such a low variance to actual is the result of careful examination of revenue and
12
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2013
expenditure assumptions and trending data. The district's careful implementation of significant spending cuts and service reductions over the past several years, along with prudent management of federal, state, and local resources, have left the district in a better financial position than many had anticipated in this difficult economic climate.
General Fund Balance
The unassigned General Fund balance at June 30, 2013 was $75.3 million. This represents 33 days of general fund expenditures. The Board of Education made a concerted effort to maintain adequate reserves for the District. This performance is noteworthy when considered in light of the substantial reductions in state and local funding detailed in the above section.
Other Governmental Funds
Capital Projects Funds
The District uses Capital Projects Funds to account for school construction and improvement projects which, prior to 1999, were financed primarily through bond issues. SPLOST III focuses on revitalizing schools. Collections of the tax began on January 1, 2009. The SPLOST III fund had expenditures of $113.0 million and a fund balance of $48.7 million. A full listing of SPLOST III projects can be located on pages 90-91.
Nonmajor Governmental Funds
The Nonmajor Governmental Funds had aggregate expenditures of $152.5 million and aggregate fund balances of $38.8 million. SPLOST II fund had expenditures of $1.5 million for the year ended June 30, 2013 and a fund balance of $1.2 million. A full listing of remaining SPLOST II projects can be located on pages 90-91. The Board of Education will continue to address contingencies in 2014. Funds with the highest expenditures were School Nutrition at $51.9 million, Special Education at $20.4 million, Title I at $20.5 million, and Local School Funds at $28.5 million. Funds ending the year with the highest fund balances were School Nutrition at $22.8 million, Local School Funds at $8.1 million, and District-Wide Building at $1.6 million. The fund balance of Nonmajor Governmental Funds, in aggregate, decreased from $61.5 million in 2012 to $38.8 million in 2013, a decrease of $22.7 million. This decrease was primarily due to the continued expending of SPLOST II and District-wide Building Fund outlays for capital projects. Descriptions of these funds can be located on page 54.
13
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2013 Capital Assets and Debt Administration Capital Assets The Capital Assets, Net of Depreciation (Table IV) below summarizes and compares the capital assets for 2013 and 2012. Capital assets increased 2.6% from $1,230.9 million in 2012 to $1,262.8 million in 2013, an increase of $31.9 million. Buildings and Improvements increased by $90.8 million, or 9.4%, due to construction projects funded by SPLOST III. Equipment increased by $1.3 million, or 4.6%. Library books and textbooks decreased by $6.5 million, or 30.6%. More detailed information about capital assets can be found in Note 5 of the Notes to the Basic Financial Statements.
14
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2013
Table IV Capital Assets, Net of Depreciation (Amounts Expressed In Millions)
Capital Assets, Net - 2013
$29.5
$17.0
$115.0
$46.3
$1,055.0
Land Construction in Progress Buildings and Improvements Equipment Library Books and Textbooks
Total
Land Construction in Progress Buildings and Improvements Equipment Library Books and Textbooks
2012
2013
Change 2012-2013
$ 115.0 99.0 964.2 28.2 24.5
$ 1,230.9
$ 115.0 46.3
1,055.0 29.5 17.0
$ 1,262.8
-53.2%
9.4% 4.6% -30.6% 2.6%
15
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2013
Long-Term Obligations As of June 30, 2013, the District had $7.7 million in outstanding long-term obligations for compensated absences. More detailed information about long-term obligations can be found in Notes 9 and 12 of the Notes to the Basic Financial Statements. Factors Bearing on the District's Future We are fortunate that the Cobb County School District is debt free which has resulted in a more favorable financial position even with the impact of the global economy on our local economy. The continued support of our schools by the public and by local community organizations and businesses is also an integral part of our ability to educate our students. We are very pleased that in March 2013, the citizens of Cobb County voted to renew a one-percent local option sales tax for education over a period of five years beginning January 1, 2014 and ending December 31, 2018. This continued source of revenue will allow the District to maintain and improve our school buildings and other capital assets. This financial report is designed to provide a general overview of Cobb County School District's finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to Financial Services Division, Cobb County School District, 440 Glover Street, Marietta, Georgia, 30060.
16
COBB COUNTY SCHOOL DISTRICT STATEMENT OF NET POSITION JUNE 30, 2013
(amounts expressed in thousands)
ASSETS: Cash and Cash Equivalents Receivables (net of allowance for uncollectables):
Taxes Federal and State Aid Accounts Prepaids Inventories Capital Assets: Land Construction in Progress Buildings and Improvements Equipment Library Books and Textbooks Less: Accumulated Depreciation
Total Assets
LIABILITIES: Accounts Payable and Other Current Liabilities Intergovermental Payables Accrued Salaries and Benefits Unearned Revenue Noncurrent Liabilities:
Due Within One Year Due In More Than One Year
Total Liabilities
NET POSITION: Investment in Capital Assets Restricted for:
Special Purpose Local Option Sales Tax II Special Purpose Local Option Sales Tax III School Nutrition Services Miscellaneous Grants Unrestricted
Total Net Position
See accompanying notes to the basic financial statements.
Governmental Activities
$ 233,606
21,435 72,710
1,153 87
2,435
114,970 46,330
1,665,669 114,086 97,051 (775,318)
$ 1,594,214
33,814 9
62,120 658
4,853 9,287 110,741
1,262,788
1,178 48,682 20,924
20 149,881 $ 1,483,473
17
COBB COUNTY SCHOOL DISTRICT STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
GOVERNMENTAL ACTIVITIES Instruction Pupil Services Instructional Services School and Administrative Services Student Transportation Maintenance and Operations Student Activities
Total Governmental Activities
Expenses
$ 685,671 27,093 53,389
156,481 46,888 70,437 28,525
$ 1,068,484
Program Revenues
Charges for Services
Operating Grants and Contributions
Capital Grants and Contributions
Net (Expense) Revenue
and Changes in Net Position
$
1,101 $ 439,309 $
10
23,594
-
2,886
29,104
33,483
-
5,547
1,842
-
28,608
-
$ 60,665 $ 504,819 $
6,696 $ 149 $ 298 $ 381 $ - $ - $ - $
7,524 $
(238,565) (3,340)
(50,205) (93,513) (41,341) (68,595)
83
(495,476)
General Revenues: Taxes: Property Taxes Levied for General Purposes Sales Tax Interest Income
Other
400,271 121,008
1,632 1,347
Total General Revenues
524,258
Change in Net Position Net Position-Beginning of Year
28,782 1,454,691
Net Position-End of Year
$ 1,483,473
See accompanying notes to the basic financial statements.
18
COBB COUNTY SCHOOL DISTRICT BALANCE SHEET GOVERNMENTAL FUNDS JUNE 30, 2013
(amounts expressed in thousands)
Assets: Cash and Cash Equivalents Receivables (net of allowance for uncollectables): Taxes Federal and State Aid Accounts Due from Other Funds Prepaids Inventories Total Assets
General
Special Purpose Local Option Sales Tax III
Nonmajor Governmental
Funds
Total Governmental
Funds
$ 136,429 $
61,068 $ 36,109 $ 233,606
11,309 59,488 1,135 7,079
87 587 $ 216,114 $
10,119 1,497
72,684 $
7
21,435
11,725
72,710
18
1,153
4,144
11,223
-
87
1,848
2,435
53,851 $ 342,649
LIABILITIES,DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES:
Liabilities:
Accounts Payable
$
8,320 $
Intergovernmental Payables
-
Accrued Payroll and Payroll Withholdings
42,227
Accrued Employee Benefits
13,793
Due to Other Funds
11,459
Unearned Revenue
-
Total Liabilities
75,799
24,002 $ -
24,002
1,172 $ 33,494
9
9
4,629 1,462 7,079
46,856 15,255 18,538
658
658
15,009
114,810
Deferred Inflows of Resources: Unavailable Revenue - Property Taxes Total Deferred Inflows of Resources
5,020 5,020
-
6
5,026
-
6
5,026
Fund Balances: Nonspendable Restricted Committed Assigned Unassigned
Total Fund Balances Total Liabilities, Deferred Inflows of Resources, and Fund Balances
674 -
59,272 75,349
135,295
$ 216,114 $
48,682
-
48,682
72,684 $
1,848
2,522
22,122
70,804
12,577
12,577
2,289 -
61,561 75,349
38,836
222,813
53,851 $ 342,649
See accompanying notes to the basic financial statements.
19
COBB COUNTY SCHOOL DISTRICT RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2013
(amounts expressed in thousands)
Total Fund Balances-Governmental Funds
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds. Cost of capital assets Accumulated depreciation
Property taxes receivable will be collected after year-end, but are not available to pay for current period's expenditures, and therefore are unavailable in the funds.
Internal service funds are used by management to charge the costs of insurance, The assets and liabilities of the internal service funds are included in governmental activities in the statement of net position.
Long-term liabilities are not due and payable in the current period and therefore are not reported as liabilities in the funds. Long-term liabilities at year-end consist of: Compensated absences
Total Net Position-Governmental Activities
$
222,813
2,038,106 (775,318)
1,262,788
5,026 577
(7,731) $ 1,483,473
See accompanying notes to the basic financial statements. 20
COBB COUNTY SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Taxes Intergovernmental Tuition and Fees Interest Income Rentals Athletic Ticket Sales Other
Total Revenues
General
Special Purpose Nonmajor
Total
Local Option Governmental Governmental
Sales Tax III
Funds
Funds
$ 397,592 415,168 12 1,562 1,383 1,011
816,728
$ 121,008 7,440 80 -
128,528
$
4
89,650
56,076
75
-
3,194
336
149,335
$ 518,604 512,258 56,088 1,717 1,383 3,194 1,347
1,094,591
EXPENDITURES: Current:
Instruction Pupil Services Instructional Services School and Administrative Services Student Transportation Maintenance and Operations Student Activities Capital Outlay
Total Expenditures
595,444 17,502 37,135 77,821 41,897 58,294 6,659
834,752
8,795 104,273
113,068
33,069 5,565
14,357 65,650 1,777 1,179 28,525 2,414
152,536
628,513 23,067 51,492
152,266 43,674 59,473 28,525 113,346
1,100,356
Excess (deficiency) of Revenues Over (Under) Expenditures
(18,024)
15,460
(3,201)
(5,765)
Other Financing Sources (Uses): Transfers-In Transfers-Out Proceeds from Sale of Capital Assets
Total Other Financing Sources (Uses)
20,435 (1,507)
458
19,386
-
1,013
21,448
-
(20,435)
(21,942)
-
-
458
-
(19,422)
(36)
Net Change in Fund Balances
1,362
15,460
(22,623)
(5,801)
Fund Balances, Beginning of Year, Restated
133,933
33,222
61,459
228,614
Fund Balances, End of Year
$ 135,295 $ 48,682 $ 38,836 $ 222,813
See accompanying notes to the basic financial statements. 21
COBB COUNTY SCHOOL DISTRICT RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
Total Net Change in Fund Balances-Governmental Funds
Amounts reported for governmental activities in the statement of activities are different because:
Capital assets are reported as expenditures in governmental funds. However, in the statement of activities, the cost of capital assets is allocated over their estimated useful lives as depreciation expense. In the current period, these amounts are: Capital outlay Non-capitalized items Depreciation expense
Because some property taxes will not be collected for several months after the fiscal year ends, they are considered as unavailable revenues in the governmental funds.
The net effect of various miscellaneous transactions involving capital assets (i.e., sales and disposals) is to decrease net position.
Internal service funds are used by management to charge the costs of insurance to individual funds. The net revenue of the internal service funds is reported with governmental activities.
Some items reported in the statement of activities do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds. This activity consists of the decrease in compensated absences.
$ (5,801)
113,346 (10,934) (62,715)
39,697
2,675 (7,762)
(41) 14
Change in Net Position of Governmental Activities
$ 28,782
See accompanying notes to the basic financial statements. 22
COBB COUNTY SCHOOL DISTRICT GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Local State Federal Other
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget -
Positive (Negative)
$ 405,063 $ 389,018 5,962 20,730
820,773
405,063 $ 391,228
5,962 20,730
822,983
401,452 $ 405,979
7,339 20,912
835,682
(3,611) 14,751 1,377
182
12,699
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services Educational Media Services General Administration School Administration Business Services Maintenance and Operation of Plant Student Transportation Central Operations Community Service Operations Capital Outlay Operating Transfers
Total Expenditures
607,927 17,551 22,444 14,440 7,823 50,952 4,085 59,541 45,774 15,915 68 18 2,489
849,027
614,470 17,954 23,637 14,521 7,890 51,163 4,253 60,897 48,405 17,452 68 18 2,489
863,217
594,693 17,462 23,914 13,914 7,812 51,992 4,838 58,405 46,244 13,464 69 6 1,507
834,320
19,777 492 (277) 607 78 (829) (585)
2,492 2,161 3,988
(1) 12 982
28,897
Net Change in Fund Balance Fund Balance, Beginning of Year, Restated
(28,254) 133,933
(40,234) 133,933
1,362 133,933
41,596 -
Fund Balance, End of Year
$ 105,679 $
93,699 $
135,295 $
41,596
See accompanying notes to the basic financial statements. 23
COBB COUNTY SCHOOL DISTRICT STATEMENT OF NET POSITION PROPRIETARY FUNDS JUNE 30, 2013
(amounts expressed in thousands)
Assets: Current Assets:
Due from Other Funds Total Current Assets
Liabilities: Current Liabilities:
Accounts Payable Claims Payable Accrued Payroll and Payroll Withholdings Accrued Employee Benefits
Total Current Liabilities Noncurrent Liabilities:
Claims payable, due in more than one year Total Noncurrent Liabilities
Net Position:
Unrestricted
Governmental Activities Internal Service Funds
$ 7,315 7,315
320 1,890
8 1 2,219 4,519 4,519
$ 577
See accompanying notes to the basic financial statements.
24
COBB COUNTY SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITON PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
Governmental Activities
OPERATING REVENUES: Charges for Services
Internal Service Funds
$ 5,267
OPERATING EXPENSES: School and Administrative Services
5,802
Operating Loss
(535)
Transfers-In
494
Change in Net Position
(41)
Total Net Position, Beginning of Year, Restated
618
Total Net Posiition, End of Year
$ 577
See accompanying notes to the basic financial statements. 25
COBB COUNTY SCHOOL DISTRICT STATEMENT OF CASH FLOWS PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
Cash Flows from Operating Activities: Receipts from Interfund Services Provided Payments to Suppliers Payments for Medical Fees and Insurance Claims Payments to Employees
Net Cash Used in Operating Activities Cash Flows from Noncapital Financing Activities:
Transfers-In
Net Cash Provided by Noncapital Financing Activities Net Increase in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Year Cash and Cash Equivalents at End of Year
Governmental Activities
Internal Service Funds
$ 5,105 (160)
(4,842) (597)
(494)
494
494
-
$
-
Reconciliation of Operating Loss to Net Cash Used in Operating Activities:
Operating Loss Adjustments to Reconcile Operating
Loss to Net Cash Used in Operating Activities:
Increase in Due From Other Funds Decrease in Prepaids Increase in Claims Payable Increase in Accounts Payable
Total Adjustments
$ (535)
(162) 10 100 93 41
Net Cash Used in Operating Activities
$ (494)
See accompanying notes to the basic financial statements.
26
COBB COUNTY SCHOOL DISTRICT STATEMENT OF FIDUCIARY ASSETS AND LIABILITIES FIDUCIARY FUNDS JUNE 30, 2013
(amounts expressed in thousands)
Assets: Cash and Cash Equivalents
Total Assets
Liabilities: Due to Student Groups Payroll Withholdings Payable
Total Liabilities
Agency Funds
$ 28,968 $ 28,968
$ 1,086 27,882
$ 28,968
See accompanying notes to the basic financial statements. 27
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
A. Reporting Entity:
The Cobb County School District (District) was established under the laws of the State of Georgia and operates under the guidance of a school board elected by the voters of Cobb County and has a superintendent appointed by the Board. The Board is organized as a separate legal entity and has the power to levy taxes and issue bonds. Its budget is not subject to approval by any other entity. Accordingly, the District is a primary government and consists of all the organizations that compose its legal entity.
A financial reporting entity consists of a primary government and its component units. A component unit is a legally separate entity that must be included in the reporting entity of a primary government in conformity with generally accepted accounting principles. Based on the guidance of the Governmental Accounting Standards Board (GASB) Statements 61, there are no component units combined with the District for financial statement presentation purposes, and the District is not included in any other governmental reporting entity.
B. Basis of Presentation:
The District's basic financial statements are collectively comprised of the District-wide financial statements, fund financial statements and the notes to the basic financial statements of the Cobb County School District.
District-wide Statements:
The Statement of Net Position and the Statement of Activities display information about the financial activities of the overall District, except for fiduciary activities. Eliminations have been made to minimize the double counting of internal activities. Governmental activities generally are financed through taxes, intergovernmental revenues, and nonexchange transactions.
The Statement of Activities presents a comparison between direct expenses and program revenues for each function of the District's governmental activities.
Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. Indirect expenses (expenses of the District related to the administration and support of the District's programs, such as office and maintenance personnel and accounting) are not allocated to programs, except for federal indirect costs allocated to federal grant programs.
28
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Program revenues include (a) charges paid by the recipients of goods or services offered by the programs and (b) grants and contributions that are restricted to meeting the operational or capital requirements of a particular program. Revenues that are not classified as program revenues, including all taxes, are presented as general revenues.
Fund Financial Statements:
The fund financial statements provide information about the District's funds, including fiduciary funds. Separate statements for each category (governmental, proprietary and fiduciary) are presented. The emphasis of fund financial statements is on major governmental funds, each displayed in a separate column. All remaining governmental funds are aggregated and reported as nonmajor funds.
The District reports the following major governmental funds:
General Fund is the District's primary operating fund. It accounts for all financial resources of the District, except those resources required to be accounted for in another fund.
Special Purpose Local Option Sales Tax III Fund (SPLOST III) account for sales tax proceeds required to be used for capital outlay for educational purposes as authorized by local referendum.
Additionally, the District reports the following fund types:
Special revenue funds account for restricted or committed specific revenues and their related expenditures. Revenues for the District include various federal and state grants, donations to the District, rental of District facilities, charges for afterschool programs, adult high school, and performing arts.
Capital project funds account for restricted and assigned revenues and related capital expenditures. The expenditures are used for capital outlays for educational purposes as authorized by local referendum and management's decision.
Internal service funds (proprietary funds) account for insurance, benefits, and unemployment compensation provided to other funds of the District on a cost reimbursement basis.
Fiduciary funds (agency funds) account for assets and liabilities held by the District as an agent for various governments or individuals on the accrual basis of accounting. Specifically, the District temporarily holds assets for numerous school student activity organizations and payroll withholdings.
29
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued
C. Basis of Accounting/Measurement Focus:
The basis of accounting determines when transactions are reported on the financial statements. The District-wide governmental activities and proprietary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place.
Nonexchange transactions, in which the District gives (or receives) value without directly receiving (or giving) equal value in exchange, include property taxes, sales taxes, grants and donations. On an accrual basis, revenue from property taxes is recognized in the fiscal year for which the taxes are levied. Revenue from sales taxes is recognized in the fiscal year in which the underlying transaction (sale) takes place. Revenue from grants and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied. Agency funds report only assets and liabilities and, accordingly, do not have a measurement focus.
The District uses funds to report on its financial position and the results of its operations. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain governmental functions or activities. A fund is a separate accounting entity with a self-balancing set of accounts.
Governmental funds are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when measurable and available. The District considers all non-grant revenues reported in the governmental funds to be available if they are collected within 60 days after year-end. The District considers all intergovernmental revenues to be available if they are collected within 120 days after year-end. Property taxes, sales taxes, intergovernmental and interest are considered to be subject to accrual. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, claims and judgments, and compensated absences, which are recognized as expenditures to the extent they have matured. Capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of general long-term liabilities and acquisitions under capital leases are reported as other financing sources.
The State of Georgia reimburses the District for teachers' salaries and operating costs through the Quality Basic Education (QBE) Formula Earnings program. State of Georgia law defines the formula driven grant that determines the cost of an academic school year and the State of Georgia's share in this cost. Generally teachers are contracted for the school year (July 1 June 30) and paid over a twelve month contract period, generally September 1 through August 31. In accordance with the requirements of the
30
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
enabling legislation of the QBE program, the State of Georgia reimburses the District over the same twelve month period in which teachers are paid, funding the academic school year expenditures. At June 30, the amount of teachers' salaries incurred but not paid until July and August of the subsequent year are accrued as the State of Georgia has only postponed the final payment of their share of the cost until the subsequent appropriations for cash management purposes. By June 30 of each year, the State of Georgia has a signed appropriation that includes this final amount, which represents the State of Georgia's intent to fund this final payment. Based on guidance in Government Accounting Standards Board (GASB) Statement No. 33, paragraph 74, the State of Georgia recognizes its QBE liability for the July and August salaries at June 30, and the District recognizes the same QBE as a receivable and revenue, consistent with symmetrical recognition.
Under the terms of grant agreements, the District funds certain programs by a combination of specific cost-reimbursement grants, categorical grants, and general revenues. Thus, when program costs are incurred, there are both restricted and unrestricted net position available to finance the program. It is the District's policy to first apply grant resources to such programs, followed by cost-reimbursement grants, then general revenues.
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses result from providing services. Operating revenues in the internal service funds are charges to customers for services. Operating expenses for internal service funds consist of the cost of services and administrative expenses. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses.
D. Cash and Cash Equivalents:
The District's cash and cash equivalents are considered to be cash on hand, demand deposits and short-term investments with original maturities of three months or less from the date of acquisition in authorized financial institutions. Georgia Law OCGA 45-8-14 authorizes the District to deposit its funds in one or more solvent banks or insured Federal savings and loans associations.
31
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
E. Investments:
Included in cash equivalents are items such as deposits with the Georgia local government investment pool and certificate of deposits. All of the District's investments as of June 30, 2013, were purchased with a maturity date less than one year from the date of purchase. These investments are stated at fair value.
Investments made by the District in nonparticipating interest-earning contracts (such as certificates of deposit) and repurchase agreements are reported at cost. Both participating interest-earning contracts and money market investments with a maturity at purchase greater than one year are reported at fair value. The Official Code of Georgia Annotated Section 36-83-4 authorizes the District to invest its funds. In selecting among options for investment or among institutional bids for deposits, the highest rate of return shall be the objective, given equivalent conditions of safety and liquidity. Funds may be invested in the following:
(1) Obligations issued by the State of Georgia or by other States,
(2) Obligations issued by the United States government,
(3) Obligations fully insured or guaranteed by the United States government or a United States government agency,
(4) Obligations of any corporation of the United States government,
(5) Prime banker's acceptances,
(6) The Local Government Investment Pool administered by the State Treasurer of the State of Georgia.
(7) Repurchase agreements, and,
(8) Obligations of other political subdivisions of the State of Georgia.
F. Receivables:
Receivables consist of amounts due from property and sales taxes, grant reimbursements due on Federal, State or other grants for expenditures made but not reimbursed and other receivables disclosed from information available. Receivables are recorded when either
32
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
the asset or revenue recognition criteria has been met. Federal and State Aid Receivables at June 30, 2013 were as follows:
Federal Grants State Aid / Grants Federal and State
General Fund
$
-
59,488,000
$ 59,488,000
Special
Purpose Local
Option Sales
Tax III
$
-
1,497,000
$ 1,497,000
Nonmajor Governmental
$ 10,574,000 1,151,000
$ 11,725,000
Total $ 10,574,000
62,136,000 $ 72,710,000
G. Property Taxes:
The Cobb County Board of Commissioners fixed the property tax levy for the 2012 tax digest year (calendar year) in July 2012 (levy date) based on property values as of January 1, 2012. Taxes were due on October 15, 2012 (lien date). Taxes collected within the current fiscal year or within 60 days after year-end on the 2012 tax digest are reported as revenue in the governmental funds for fiscal year 2013. The Cobb County Tax Commissioner bills and collects the property taxes for the School District, withholds 1.6% of taxes collected as a fee for tax collection and remits the balance of taxes collected to the District. Property tax revenues during the fiscal year ended June 30, 2013 totaled $397,596,000.
School tax by law cannot be greater than 20 mills per dollar for the support and maintenance of education. Tax millage rates levied for the 2012 tax year (calendar year) for the Cobb County School District were as follows (a mill equals $1 per thousand dollars of assessed value):
School Operations
18.90 mills
H. Sales Taxes:
A one percent Special Purpose Local Option Sales Tax is to be used for capital outlay for educational purposes and debt service. The State will terminate collection of this tax once an additional $276,906,238 has been collected or on December 31, 2013, whichever occurs first.
33
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
I. Inventories:
On the district-wide financial statements, inventories of donated food commodities used in the preparation of meals are reported at their Federally assigned value and purchased foods inventories are reported at cost (first in-first out). The District uses the consumption method to account for inventories whereby donated food commodities are recorded as an asset and as revenue when received, and expenses are recorded as the inventory items are used. Purchased foods are recorded as an asset when purchased and expenses are recorded as the inventory items are used.
On the fund statements, inventories of governmental funds are reported at cost (first infirst-out). The District uses the consumption method to account for inventories whereby expenditures are recorded when inventory items are used.
J. Capital Assets:
Capital assets purchased, including capital outlay costs, are recorded as expenditures in the fund financial statements at the time of purchase. On the District-wide financial statements, all purchased capital assets are valued at cost where historical records are available and at estimated historical cost based on appraisals or deflated current replacement cost where no historical records exist. Donated capital assets are recorded at fair market value on the date donated. Disposals are deleted at depreciated recorded cost. The cost of normal maintenance and repairs that do not add to the value of assets or materially extend the useful lives of the assets is not capitalized. Depreciation is computed using the straight-line method.
Capitalization thresholds and estimated useful lives of capital assets reported in the
District-wide statements are as follows:
General
Useful
Policy
Life
Land
All
N/A
Buildings and Improvements
All
20 to 50 Years
Equipment Intangible Assets
$10,000 $1,000,000
5 to 10 Years 10 Years
Library Books and Textbooks
All
5 Years
Depreciation expense is used to allocate the actual or estimated historical cost of all capital assets over estimated useful lives.
34
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
K. Deferred Outflows/Inflows of Resources
The Cobb County School District implemented the Governmental Accounting Standards Board (GASB) Statement Number 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources and Net Position and Statement Number 65, Items Previously Reported as Assets and Liabilities, as of July 1, 2012. The provisions of these Statements establish financial reporting standards for the presentation of deferred outflows of resources and deferred inflows of resources and their effects on a government's net position.
Deferred outflows of resources represent a consumption of net position that applies to a future period (s) and so will not be recognized as an outflow of resources (expenses/ expenditures) until then. Cobb County School District has no items that qualify for reporting in this category.
Deferred inflows of resources represent an acquisition of net position that applies to a future period (s) and so will not be recognized as an inflow of resources (revenue) until that time. Cobb County School District has one type of item, which arises only under a modified accrual basis of accounting, that qualifies for reporting in this category. Accordingly, the item, unavailable revenue, is reported only in the governmental funds balance sheet. Governmental funds report unavailable revenues from one source: property taxes. This amount is deferred and recognized as an inflow of resources in the period that the amounts become available.
L. Net Position:
The School District's net position in the District-wide Statements are classified as follows:
Investment in capital assets This represents the School District's total investment in capital assets, net of outstanding debt obligations, as applicable, related to those capital assets. To the extent debt has been incurred but not yet expended for capital assets, such amounts are not included as a component of net investment in capital assets.
Restricted net position These represent resources for which the School District is legally or contractually obligated to spend resources for capital projects and support of Federal Programs in accordance with restrictions imposed by external third parties.
Unrestricted net position Unrestricted net position represents resources derived from property taxes, sales, taxes, grants and contributions not restricted to specific programs, charges for services, and miscellaneous revenues. These resources are used for transactions relating to the educational and general operations of the School District, and may be used at the discretion of the Board to meet current expenses for those purposes.
35
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
M. Changes in Reporting Entity:
For fiscal year 2013, the School District decided to eliminate the Flexible Benefits Fund and the Purchasing/Warehouse Fund. The result was an increase in fund balance at July 1, 2012, of $547,000 in the General Fund and a decrease in net position at July 1, 2012 of $358,000 and $189,000 for the Flexible Benefits Fund and the Purchasing/Warehouse Fund, respectively. The School District felt that accounting for this activity in the General Fund was a better presentation of these transactions. Therefore, all assets, liabilities, revenues, expenses, and equity amounts were transferred to the General Fund as of July 1, 2012 and the two internal service funds were eliminated. These changes are in accordance with generally accepted accounting principles.
Fund Balance, General Fund, July 1, 2012, as previously reported Elimination of Internal Service Funds
Fund Balance, General Fund, July 1, 2012, as restated
$133,386,000 547,000
$133,933,000
Net Position, Flexible Benefits, July 1, 2012, as previously reported Elimination of Internal Service Funds
Net Position, Flexible Benefits, July 1, 2012, as restated
$ 358,000
358,000
$
-
Net Position, Purchasing Warehouse, July 1, 2012, as previously reported Elimination of Internal Service Funds
Net Posiition, Purchasing Warehouse, July 1, 2012, as restated
$ 189,000
189,000
$
-
N. Fund Balance:
Fund equity at the governmental fund financial reporting level is classified as "fund balance". Fund equity for all other reporting is classified as "net position".
Generally, fund balance represents the difference between the assets, liabilities, and deferred inflows of resources under the current financial resources measurement focus of accounting. In the fund financial statements, governmental funds report fund balance classifications that comprise a hierarchy based primarily on the extent to which the District is bound to honor constraints on the specific purposes for which amounts in those funds can be spent. The
36
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
District's fund balances per Cobb County School District Board Policy DI, Acounting and Reporting, are classified as follows:
1) Non-spendable Fund Balance - Non-cash assets such as inventories or prepaid items. 2) Restricted Fund Balance - Funds with limitations imposed on their use by external
restrictions imposed by creditors, grantors, or laws or regulations of other governments. 3) Committed Fund Balance - Amounts that can only be used for specific purposes pursuant to a formal action of the Board of Education through a majority vote on June 8, 2011. Only the Board may modify or rescind the commitment. 4) Assigned Fund Balance - Amounts intended by the Board of Education for specific purposes, but are neither restricted or committed. The Board of Education can choose to delegate this authority. 5) Unassigned Fund Balance - Residual spendable fund balance after subtracting all above amounts. Positive unassigned values are only reported in the General Fund. Committed Fund Balances The Board of Education, as the government's highest level of decision-making authority, may commit fund balance by a formal action through the approval of a motion and prior to the government's fiscal year-end for that fiscal year. Future modification or rescission of committed funds must likewise be accomplished by a formal vote of the Board of Education prior to fiscal year-end. Pursuant to the requirements of Governmental Accounting Statement 54, the Board of Education, on June 8, 2011, committed substantially all of the
37
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
revenue received by the following Special Revenue funds to be used exclusively for each respective program's expenditures.
Special Revenue Fund Donations
After School Program
Performing Arts / Artists at School Tuition School / Adult High School
Facility Use / Public Safety
Local Schools
Revenue Source Donations by individuals or organizations to
benefit school programs. Attendance and registration fees of After
School Program (ASP). Voluntary student contributions to fund Performing Arts Programs and donations to fund artist workshops at local schools.
User tuition charges and GED fees. User rental fees and student parking permit
fees. Funds earned or donated at local schools used by local principals to benefit students
and faculty subject to District policy.
Assigned Fund Balances The Board of Education, through resolution, delegates to the Superintendent, through the Chief Financial Officer, the authority to assign funds for particular purposes.
Spending Prioritization When expenditures are incurred by the District that would qualify for payment with either restricted or unrestricted funds, it will be paid from restricted funds. When an expenditure is incurred that qualifies for payment from either of the three unrestricted fund balance categories, it will be applied in the following order:
1) Committed 2) Assigned 3) Unassigned
Minimum Unassigned General Fund Balance The Board of Education will strive to maintain a minimum unassigned general fund balance, less encumbrances, equivalent to a range of 30 to 55 days of annual expenditures unless this is unfeasible due to circumstances beyond its control such as:
a) A substantial decrease in the county property tax digest b) A substantial decrease in State funding c) An unanticipated fiscal necessity
38
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Schedule of Fund Balances
Fund Balances:
Special Purpose Nonmajor
Local Option Governmental
General Fund Sales Tax III
Funds
Total
Nonspendable: Inventory Prepaids
$ 587,000 87,000
$ 1,848,000 $ 2,435,000
Restricted for: Capital Projects Capital Projects School Nutrition Miscellanous Grants
48,682,000
1,178,000 20,924,000
20,000
48,682,000 1,178,000
20,924,000 20,000
Committed to: Local School Activities After School Program Tuition School / Adult High School Facility Use and Public Safety Programs Performing Arts and Artists at School Programs Donations for the Benefit of School Programs
8,109,000 2,349,000
831,000 1,020,000
144,000 124,000
8,109,000 2,349,000
831,000 1,020,000
144,000 124,000
Assigned to: Appropriation for Next Year's Budget Instruction Pupil Services Instructional Services School and Administrative Services Maintenance and Operations District-Wide Building Student Information Systems Psycho Ed
50,535,000 2,521,000
275,000 2,186,000 2,710,000 1,045,000
1,563,000 396,000 330,000
50,535,000 2,521,000 275,000 2,186,000 2,710,000 1,045,000 1,563,000 396,000 330,000
Unassigned:
75,349,000
75,349,000
Total Fund Balance
$ 135,295,000 $ 48,682,000 $ 38,836,000 $ 222,813,000
39
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 2. LEGAL COMPLIANCE - BUDGETS:
The Board of Education budgets its operations on an annual basis for the General Fund and all Special Revenue Funds except the Local Schools Fund. Capital Projects Funds are budgeted on a multi-year, project-length basis. Prior to July 1 each year, the administration of the District submits a proposed budget to the Board of Education which conducts public hearings and legally adopts the budget. The administration then submits the adopted budget to the Georgia Department of Education for final approval.
The District prepares the budget on a basis other than accounting principles generally accepted in the United States of America (GAAP) as allowed by the State of Georgia. The District does not budget for other financing sources and uses, but rather budgets those as revenues and current expenditures of the funds. Appropriations not spent or encumbered lapse at year-end and encumbrances outstanding at that time are rebudgeted in the following fiscal year. Budget amendments which are funded through a decrease in fund balance must be approved by the Board of Education. All other budget amendments may be approved by the Superintendent or his designee.
The level of legal budgetary control (the level at which expenditures may not exceed appropriations) is at the function level within individual funds. Several supplementary appropriations were necessary during the fiscal year ended June 30, 2013.
For the year ended June 30, 2013, expenditures exceeded appropriations in several function areas (the legal level of budgetary control). These over-expenditures were offset by underexpenditures in other function areas within the same fund, or by revenues collected in excess of budgeted collections. The over-expenditures are identified in the following schedule:
General Fund:
Improvement of Instrutional Services
$
School Administration
Business Services
Community Service Operations
Tuition Schools/Adult High School Fund:
Pupil Services
( I 3 ) Investing in Innovation Fund:
Student Transportation
Psycho Education Center:
Instruction
Special Education:
Instruction
Student Transportation
Vocational Education Fund:
Instruction
277,000 829,000 585,000
1,000
2,000
1,000
23,000
314,000 24,000
19,000
40
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 3. CASH EQUIVALENTS, DEPOSITS AND INVESTMENTS
COLLATERALIZATION OF DEPOSITS Official Code of Georgia Annotated (OCGA) Section 45-8-12 provides that there shall not be on deposit at any time in any depository for a time longer than ten days a sum of money which has not been secured by surety bond, by guarantee of insurance or by collateral. The aggregate of the face value of such surety bond and the market value of securities pledged shall be equal to not less than 110 percent of the public funds being secured after the deduction of the amount of deposit insurance. If a depository elects the pooled method (OCGA 45-8-13.1) the aggregate of the market value of the securities pledged to secure a pool of public funds shall be not less than 110 percent of the daily pool balance. OCGA Section 45-8-11 (b) provides an officer holding public funds may, in his discretion, waive the requirement for security in the case of operating funds placed in demand deposit checking accounts.
Acceptable security for deposits consists of any one of or any combination of the following:
(1) Surety bond signed by a surety company duly qualified and authorized to transact business within the State of Georgia,
(2) Insurance on accounts provided by the Federal Deposit Insurance Corporation,
(3) Bonds, bills, notes, certificates of indebtedness or other direct obligations of the United States or of the State of Georgia,
(4) Bonds, bills, notes, certificates of indebtedness or other obligations of the counties or municipalities of the State of Georgia,
(5) Bonds of any public authority created by the laws of the State of Georgia, providing that the statute that created the authority authorized the use of the bonds for this purpose,
(6) Industrial revenue bonds and bonds of development authorities created by the laws of the State of Georgia, and
(7) Bonds, bills, notes, certificates of indebtedness, or other obligations of a subsidiary corporation of the United States government, which are fully guaranteed by the United States government both as to principal and interest or debt obligations issued by the Federal Land Bank, the Federal Home Loan Bank, the Federal Intermediate Credit Bank, the Central Bank for Cooperatives, the Farm Credit Banks, the Federal Home Loan Mortgage Association, and the Federal National Mortgage Association.
41
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 3. CASH EQUIVALENTS, DEPOSITS AND INVESTMENTS_(Continued)
Cash Equivalents and Deposits
Cash equivalents consist of bank checking, savings, money-market accounts, and certificate of deposits.
Custodial credit risk-deposits and investments
Custodial credit risk is the risk that in the event of bank failure, the District's cash equivalents and deposits may not be returned to the District. At June 30, 2013, the District had deposits with a carrying amount of $262,574,400 and a bank balance of $266,259,112. The bank balance was entirely covered by Federal depository insurance, by collateral held by the District or the District's agent in the District's name, or by a multiple financial institution collateral pool authorized by the State of Georgia that insures public deposits.
The District has no custodial credit risk since there are no uncollateralized or uninsured securities not in the District's name.
Investments
As of June 30, 2013, the District's investments included $230 in an investment pool account called Georgia Fund One, the combined state general fund and local government investment pool managed by the Office of the State Treasurer. On that date, these funds had a weighted average maturity of 43 days. In addition the District had $423,676 in certificate of deposit in various financial institutions. These investments are reported as cash equivalents.
Credit Risk
The District's investment policy is to apply the prudent investor rule which states "investments shall be made with judgment and care, under circumstances when prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the primary objective of safety of capital as well as the objective of obtaining a market rate of return."
The policy of the District is to invest funds with larger banking institutions which are able to collateralize the public funds at 110%. Any bid to purchase securities must be from a broker/dealer who is a member of the NASD and SIPC and have a major presence in the metropolitan area.
The District's investment in Georgia Fund One, the State of Georgia Investment Pool, was rated AAAf by Standard & Poor's. The Office of the State Treasurer is the oversight agency for Georgia Fund One.
42
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 3. CASH EQUIVALENTS, DEPOSITS AND INVESTMENTS (Continued) Concentration of Credit Risk Concentration of credit risk is defined as investments of more than 5% in any one issuer. Georgia Fund One is excluded from the requirement of disclosing concentration of credit risk. However, Georgia Fund 1 operates in a manner consistent with Rule 2a-7 of the Investment Company Act of 1940 and is considered to be a 2a-7 like pool. The pool is not registered with the SEC as an investment company. The pool's primary objectives are safety of capital, investment income, liquidity and diversification while maintaining principal ($1 per share value). Net asset value is calculated weekly to ensure stability. The pool distributes earnings (net of management fees) on a monthly basis and determines participant's shares sold and redeemed based on $1 per share. As of June 30, 2013, the District considers amounts held in Georgia Fund 1 as cash equivalents for financial statement presentation. Interest Rate Risk In accordance with its investment policy, the District will minimize interest rate risk, which is the risk that the market value of securities in the portfolio will fall due to changes in market interest rates, by structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities in the open market, and investment operating funds primarily in money market funds or similar investment pools and limiting the average maturity in accordance with the District's cash requirements. Foreign Currency Risk The District is not authorized to invest in investments which have this type of risk.
Note 4. NON-MONETARY TRANSACTIONS: The District received food commodities from the United States Department of Agriculture (USDA) for school breakfast and lunch programs. See Note 1 Inventories
43
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 5. CAPITAL ASSETS:
The following is a summary of changes in the capital assets during the fiscal year:
Governmental Activities Capital Assets, Not Being Depreciated:
Land
Construction In Progress Total Capital Assets Not Being Depreciated
Capital Assets Being Depreciated: Buildings and Improvements Equipment Library/Textbooks Total Capital Assets Being Depreciated
Less Accumulated Depreciation for: Buildings and Improvements Equipment Library/Textbooks Total Accumulated Depreciation
Total Capital Assets Being Depreciated-Net Governmental Capital Assets,Net
Balance June 30, 2012
$
114,970,000
99,033,000 214,003,000
1,529,315,000 112,657,000 96,591,000
1,738,563,000
565,139,000 84,491,000 72,083,000
721,713,000 1,016,850,000 $ 1,230,853,000
Increases
Decreases
Balance June 30, 2013
$
-$
- $ 114,970,000
82,917,000 82,917,000
(135,620,000) (135,620,000)
46,330,000 161,300,000
136,354,000 15,974,000 2,787,000
155,115,000
(14,545,000)
(2,327,000) (16,872,000)
1,665,669,000 114,086,000 97,051,000
1,876,806,000
45,542,000
-
610,681,000
6,916,000
(6,783,000)
84,624,000
10,257,000
(2,327,000)
80,013,000
62,715,000
(9,110,000)
775,318,000
92,400,000
(7,762,000)
1,101,488,000
$ 175,317,000 $ (143,382,000) $ 1,262,788,000
Current year depreciation expense by function for governmental activities is as follows:
Instruction
$
Pupil Services
Instructional Services
School and Administrative Services
Pupil Transportation
Maintenance and Operations
$
49,868,000 4,026,000 1,897,000 3,680,000 3,214,000
30,000 62,715,000
44
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 6. INTERFUND ASSETS AND LIABILITIES:
Interfund receivable and payable balances result from the time lag between the dates that (1) interfund goods and services are provided or reimbursable expenditures occur, (2) transactions are recorded in the accounting system, and (3) payments between funds are made. All interfund balances will be paid within one year. Interfund receivable and payable balances by fund as of June 30, 2013 are disclosed in the following schedule:
Governmental Funds: General Fund
Nonmajor Governmental Funds: ( i 3 ) Investing in Innovation Adult Education Psycho Education Title I Special Education Vocational Education Title II Homeless Title III Title IV Local Schools Total Nonmajor Governmental Funds
Proprietary Funds: Unemployment Compensation Fund Self-Insurance Fund Total Proprietary Funds
Total
Re ceivable
$ 7,079,000
4,144,000 4,144,000
456,000 6,859,000 7,315,000 $ 18,538,000
Payable
$ 11,459,000
485,000 314,000 496,000 3,192,000 1,029,000 344,000 587,000
6,000 248,000 378,000
7,079,000
$ 18,538,000
45
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 7. INTERFUND TRANSFERS:
Interfund transfers are used to (1) move revenues from the fund that statute or budget requires to collect them to the fund that statute or budget requires to expend them and (2) to use unrestricted revenues in the general fund to finance various programs accounted for in other funds in accordance with budgetary authorizations.
Interfund transfers for the year ended June 30, 2013, consisted of the following:
Transfers Out:
General Fund: General Fund General Fund General Fund General Fund Total General Fund
Nonmajor Governmental Funds: Student Information Systems Fund SPLOST II Fund Facility Use / Public Safety Fund Total Nonmajor Governmental Funds
Transfers In:
Facility Use / Public Safety Fund Performing Arts / Artist at School Fund Tuition School / Adult High School Fund Self-Insurance Fund
General Fund General Fund General Fund
Total for All Funds
Amount
790,000 7,000
216,000 494,000 1,507,000
5,000 20,270,000
160,000 20,435,000
$ 21,942,000
46
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 8. RISK MANAGEMENT:
The District is self-insured for all claims under general liability, vehicle accidents and workers compensation. The District maintains as policy for excess workers compensation. The District is commercially insured for property, contents and boiler and carries fidelity bond coverage for employee dishonesty, in addition to a state-mandated Superintendent's bond and school principals' bond.
Premiums are paid into Internal Service funds by user funds and are available to pay claims and administrative costs of the program and establish claim reserves. These interfund premiums are recognized as revenue in the internal service funds. Actuarial analysis provides estimated ultimate losses for workers compensation and automobile liability, which are then converted to present values using an interest rate of 3%.
Estimated claims for the next fiscal year total $1,890,000 and the non-current liability for succeeding years is $4,519,000. In the past, the amount of any insurance settlements has not exceeded the insurance coverage for the past three years.
2012 2013
Estimated Unpaid Claims at Beginning
of Fiscal Year
$
5,912,000
$
6,309,000
Claims and Changes in Estimates
$ 3,534,000
$ 2,721,000
Claim Payments
Estimated Unpaid Claims at
End of Fiscal Year
$ (3,137,000) $ 6,309,000
$ (2,621,000) $ 6,409,000
Note 9. LONG-TERM OBLIGATIONS:
Fiscal year 2013 long-term obligations are as follows:
Accrued Vacation Pay Total
Balance 6/30/2012
$ 7,745,000 $ $ 7,745,000 $
Added 2,954,000 $ 2,954,000 $
Retired
Balance 6/30/2013
Currert Amounts Long-term
Due Within One Amounts Due
Year
After One Year
(2,968,000) $ 7,731,000 $ 2,963,000 $ 4,768,000
(2,968,000) $ 7,731,000 $ 2,963,000 $ 4,768,000
Accrued vacation pay is generally liquidated by the General Fund.
47
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 10. ON-BEHALF PAYMENTS:
The State of Georgia makes certain health insurance and pension plan payments on behalf of the District for its employees. The District records these payments as both a revenue and expenditure in the General Fund. The total of the on-behalf payments for the fiscal year ended June 30, 2013 was $61,013,686.
Note 11. COMMITMENTS AND CONTINGENCIES:
The District makes various contractual commitments on an ongoing basis for construction and remodeling of its capital assets. The major outstanding commitments as of June 30, 2013 included a 9th grade addition to one high school, and additions and renovations at two middle schools. As of June 30, 2013, the contract price and expenditures to date for the largest projects were as follows:
Projects
Contract Price
Expenditures To Date
Addition/Renovations Campbell MS $ 4,707,885
Addition/Renovations Garrett MS 9th Grade Addition Harrison HS
9,266,197 15,760,187
$ 3,360,704 8,841,675
10,228,107
The District participates in numerous state and federal grant programs, which are governed by various rules and regulations of the grantor agencies. Costs charged to the respective grant programs are subject to audit and adjustment by the grantor agencies; therefore, to the extent that the District has not complied with the rules and regulations governing the grants, refunds of any money received may be required and the collectability of any related receivable at June 30, 2013, may be impaired. In the opinion of the District, there are no significant contingent liabilities relating to compliance with the rules and regulations governing the respective grants; therefore, no provision has been recorded in the accompanying combined financial statements for such contingencies.
The District is a defendant in various lawsuits. Although the outcome of these lawsuits is not presently determinable, in the opinion of the District's attorney, the resolution of these matters will not have a material adverse effect on the financial condition of the District.
Note 12. COMPENSATED ABSENCES:
It is the District's policy to allow employees to accumulate earned but unused vacation benefits. Employees are compensated for qualifying vacation benefits upon termination of their employment with the District. A liability for these vacation benefits are accrued and include social security, medicare, and workers compensation. Employees are not compensated for sick leave benefits upon termination of their employment. Therefore, no liability is reported for earned but unused sick leave benefits.
48
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 13. RETIREMENT PLANS:
Teachers Retirement System of Georgia (TRS):
Plan Description
Substantially all teachers, administrators and clerical personnel are members of this costsharing multiple-employer defined benefit public employee retirement system. TRS was created in 1943 by an act of the Georgia General Assembly and is administered by a ten member Board of Trustees. TRS is funded by a combination of employee, employer and State of Georgia contributions. Benefits are established by State statute and provide retirement, death, long-term disability, survivor and health insurance premium benefits. TRS issues a comprehensive annual financial report that includes financial statements and required supplementary information. To obtain a copy of the report contact the Teachers Retirement System of Georgia at Two Northside 75, Suite 100, Atlanta, Georgia 30318.
Funding Policy
Plan members are required to contribute 6.00 percent of their annual covered payroll and the District is required to contribute 11.41 percent of the covered payroll. The contribution is an actuarially determined rate. The contribution requirements of plan members and the District are established and may be amended by the TRS Board of Trustees. The District's contributions to TRS for the years ended June 30, 2013, 2012 and 2011 were $63,010,753, $58,155,546, and $57,920,356 respectively, which were equal to the required contribution for each year.
Public School Employee Retirement System of Georgia (PSERS):
Plan Description
Bus drivers, maintenance, custodial, and lunchroom personnel are members of this costsharing multiple-employer defined benefit public employee retirement system. PSERS is administered by a Board of Trustees. PSERS is funded by employee and State of Georgia contributions. Benefits are established by State statute and provide retirement, death, longterm disability and survivor benefits. PSERS issues an annual financial report that includes financial statements and required supplementary information. To obtain a copy of the report contact the Employees' Retirement System of Georgia at Two Northside 75, Suite 300, Atlanta, Georgia 30318.
Funding Policy
Plan members are required to contribute ten dollars per month for the nine month school year. The State of Georgia makes an annual contribution to PSERS based upon an actuarial calculation. The District does not make an annual contribution to PSERS. The contribution requirements of plan members and the State are established and may be amended by the PSERS Board of Trustees.
49
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 14. POSTEMPLOYMENT BENEFITS:
Georgia Retiree Health Benefit Fund
Plan Description
The Cobb County School District contributes to the Georgia Retiree Health Benefit Fund (GRHBP), a healthcare plan administered by the Georgia Department of Community Health. The GRHBP is a cost-sharing multiple-employer defined-benefit postemployment healthcare plan that covers former state employees, former teachers and former public school employees who met eligibility criteria when active. The GRHPB provides health insurance benefits to eligible former employees and their qualified beneficiaries through the State Health Benefit Plan (SHBP) administered by the Department of Community Health. The Official Code of Georgia Annotated (OCGA) assigns the authority to establish and amend the benefit provisions of the group health plans, including benefits for retirees, to the Board of Community Health (Board). The Department of Community Health issues a publicly available financial report that includes financial statements and required supplementary information for the GRHBP. That report may be obtained from the Georgia Department of Community Health at 2 Peachtree Street, Atlanta, GA 30303.
Funding Policy
The contribution requirements of plan members and participating employers are established by the Board in accordance with the current Appropriations Act and may be amended by the Board. Contributions of plan members or beneficiaries receiving benefits vary based on plan election, dependent coverage, and Medicare eligibility and election. On average, plan members pay approximately twenty-seven percent (27%) of the cost of health insurance coverage. Participating employers are statutorily required to contribute in accordance with the employer contribution rates established by the Board.
The contribution rate is established to fund both the active and retired employee health insurance plans based on projected "pay-as-you-go" financing requirements. Contributions are not based on the actuarially calculated annual required contribution (ARC) which represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and amortize any unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years.
50
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2013
Note 14. POSTEMPLOYMENT BENEFITS (Continued):
The combined rates for the active and retiree contribution rates established by the Board for employees participating in the SHBP were as follows for the fiscal year ended June 30, 2013:
Certified employees July 2012 - February 2013 March 2013 - June 2013
Non-Certificated Employees July 2012 - June 2013
$912.34 per member per month $937.34 per member per month
$446.20 per member per month
No additional contribution was required by the Board for fiscal year 2013 nor contributed to the GRHBP to prefund retiree benefits. Such additional contribution amounts are determined annually by the Board in accordance with the State plan for other postemployment benefits and are subject to appropriation.
The School District's combined active and retiree contributions to the health insurance plans, which equaled the required contribution, for the current fiscal year and the preceding two fiscal years were as follows:
Fiscal Year 2013 2012 2011
Contribution $91,313,591 $81,239,085 $84,335,948
Contribution 100% 100% 100%
51
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COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES Nonmajor Governmental Funds
Special Revenue Funds
These funds are used to account for proceeds of specific revenue sources that are legally restricted or committed to expenditures for specified purposes other than debt service or capital projects. These funds also account for receipts and expenditures of resources transferred from the General Fund where revenues are inadequate to finance specified activities.
Donations Facility Use/Public Safety
This fund is created to provide accounting of donations which are made to the District for specific purposes by individuals or organizations.
This fund is created to provide accounting of the Facility Use program which organizes the rental of school facilities during non-instructional hours to provide the community with a place to hold activities at a nominal fee and to account for funds collected for parking decals sold to students, which are used to pay for campus police officers. In addition to parking decals sold to students, funds are transferred from the General fund.
After School Program
This fund is created to provide accounting of funds for the After School Program which utilizes designated school facilities for the purpose of providing supervision to children from school release time until 6:00 p.m. This program is self-supported from charges of daily attendance fees and non-refundable annual registration fees per enrolled child.
Performing Arts/Artist at School Tuition School/Adult High School
This fund is created to account for funds for the Performing Arts Program which offers an opportunity for students in kindergarten through eighth grade to experience professional quality performing arts experiences. These experiences include off-campus trips to art museums, symphony concerts, ballet and theater performances, as well as in-house musical and dramatic presentations. The program is funded through voluntary student contributions and charges for participation. Artist at School fund is created to provide accounting of funds which are provided to local artists as compensation for workshops held in the district's schools.
This fund is created to provide accounting for the Tuition School Program which provides the opportunity for students to make up school classes and provide enrichment and remedial work at various instructional levels. This program is supported by user tuition charges. This fund is created to account for funds for the Adult High School Program which provides the opportunity for students 16 years of age, and older, who are not enrolled in a regular high school, to improve their basic educational skills and work towards high school completion.
52
Miscellaneous Grants School Nutrition
(i3) Investing in Innovation Adult Education Psycho Education Center Title I
Special Education Vocational Education Title II
Homeless Grant
This fund is established to provide accounting of funds received and represent a compilation of several grants which are awarded for educational purposes.
This fund is established to provide accounting of funds which are used for the operation of school lunchrooms. All lunches and breakfasts provide at least one-third of each student's nutritional needs and are available at a minimal cost. Free and reduced meals are provided for qualifying students. All lunchrooms are regularly inspected by the Cobb County Health Department and meet prescribed standards of the State Department of Education.
This fund is established to provide accounting of grant funds passed through Georgia State University which support local efforts by providing high quality teachers to improve student achievement.
This fund is established to provide accounting for grant funds via the Georgia Department of Technical and Adult Education which are used to educate adults and is a part of the national effort to ensure that all adults are literate and able to compete in the global economy.
This fund is established to provide accounting for grant funds via the Georgia Department of Education which are used to provide appropriate education for students identified as severely emotionally behavior disordered, or autistic.
This fund is established to provide accounting of Title I funds which are provided as part of the No Child Left Behind Act of 2001. This act provides federal funds through the Georgia Department of Education to local school districts to help disadvantaged children meet high standards. The goal is to have a quality education for all children by having local schools and state departments work together.
This fund is established to provide accounting of federal revenues received to provide programs for direct and related support services for handicapped children.
This fund is established to provide accounting of federal grant revenues provided for career training and opportunities to students
This fund is established to provide accounting of federal categorical grant funds which flow through the Georgia Department of Education to our school district. The funds are used to advance teacher quality through professional learning, preparation, recruitment and retention as well as upgrading teachers' skills in science and math through training.
This fund is established to provide accounting of funds for federal categorical grant funds which flow through the Georgia Department of Education and are used to provide educational services to homeless children.
53
USDA Fruits and Vegetables Title III
This fund is established to provide accounting of federal grant funds which flow through the Georgia Department of Education Food and Nutrition Program. The funds provide free fresh fruits and vegetables to school children outside of the lunch or breakfast food service periods.
This fund is established to provide accounting of federally funded grants for programs that support Limited English Proficiency (LEP) students and their families, through language instructional programs. These programs include community participation programs, family literacy services, parent outreach and training activities to improve the English language skills of limited English proficient children and assistance for parents in helping their children to improve their academic achievement.
Title IV Local School Funds
This fund is established to provide accounting of federal categorical grant funds which are directly funded from the U.S. Department of Education and may flow through the Georgia State Department of Education. The funds are used to promote the Safe and Drug Free Schools Program, the Mentoring Program and the 21st Century Community Learning Centers Program for students in our schools.
This fund is established to provide accounting for local school resources generated through ticket sales, commissions, vending, donations, etc. in which the administration has a material degree of involvement. These revenues have been committed by the Board for use by local principals to benefit students and faculty subject to District policy.
Capital Projects Funds
These funds are established to provide accounting for financial resources to be used for the acquisition and construction of major capital facilities. The District has three nonmajor funds used for those purposes; the Special Purpose Local Option Sales Tax II Fund, the District-Wide Building Fund, and the Student Information Systems Fund.
54
COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2013
(amounts expressed in thousands)
ASSETS:
Cash and Cash Equivalents Taxes Receivable Federal and State Aid Receivable Accounts Receivable Due From Other Funds Inventories
Total Assets
Special Revenue
Donations
Facility Use/ Public
Safety
After School Program
Performing Arts/ Artist at School
Program
$ 127 $ 1,041 $ 2,361 $
144
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$ 127 $ 1,041 $ 2,361 $
144
LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES:
Liabilities: Accounts Payable Intergovernmental Payables Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities
Deferred Inflows of Resources: Unavailable Revenue - Property Taxes Total Deferred Inflows of Resources
Fund Balances: Nonspendable Restricted Committed Assigned
Total Fund Balances Total Liabilities, Deferred Inflows of Resources, and Fund Balances
$
3$
-$
12 $
-
-
-
-
-
-
19
-
-
-
2
-
-
-
-
-
-
-
-
-
-
3
21
12
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
124
1,020
2,349
144
-
-
-
-
124
1,020
2,349
144
$ 127 $ 1,041 $ 2,361 $
144
55
Tuition School/ Adult High School
Misc. Grants
Special Revenue
School Nutrition
(i3) Investing in Innovation
Adult Education
Psycho Education
Center
$ 1,116 $ -
$ 1,116 $
2 $ 24,111 $
-
-
51
-
-
18
-
-
-
1,848
53 $ 25,977 $
-$ 490 -
490 $
-$
-
-
-
323
1,133
-
-
-
-
-
-
323 $ 1,133
$
14 $
21 $ 314 $
-
-
-
241
10
1,592
30
2
641
-
-
-
-
-
658
285
33
3,205
-$
5$
3
5
2
-
-
2
229
-
-
75
485
314
496
-
-
-
490
323
803
-
-
-
-
-
-
831 -
831
$ 1,116 $
-
1,848
20
20,924
-
-
-
-
20
22,772
53 $ 25,977 $
-
-
-
-
-
-
-
-
490 $
-
-
-
-
-
-
-
330
-
330
323 $ 1,133
Continued---
56
COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2013
(amounts expressed in thousands)
ASSETS:
Cash and Cash Equivalents Taxes Receivable Federal and State Aid Receivable Accounts Receivable Due From Other Funds Inventories
Total Assets
LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES:
Liabilities: Accounts Payable Intergovernmental Payables Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities
Deferred Inflows of Resources: Unavailable Revenue - Property Taxes Total Deferred Inflows of Resources
Fund Balances: Nonspendable Restricted Committed Assigned
Total Fund Balances Total Liabilities, Deferred Inflows of Resources, and Fund Balances
Special Revenue
Title I
Special
Vocational
Education Education
Title II
$
-$
-$
-$
-
-
-
-
-
4,958
2,607
351
902
-
-
-
-
-
-
-
-
-
-
-
-
$ 4,958 $ 2,607 $ 351 $ 902
$ 335 $ 2
13 $ -
1 $ 121
-
-
1,130
1,179
6
177
299
386
-
17
3,192
1,029
344
587
-
-
-
-
4,958
2,607
351
902
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$ 4,958 $ 2,607 $ 351 $ 902
57
Homeless Grant
Special Revenue
USDA Fruits and Vegetables
Title III
Title IV
Local School Funds
$
-$
-$
-$
- $ 3,965
-
-
-
-
-
8
-
278
624
-
-
-
-
-
-
-
-
-
-
4,144
-
-
-
-
-
$
8$
- $ 278 $ 624 $ 8,109
$
-$
-$
- $ 233 $
-
-
-
-
-
-
-
1
-
24
11
-
1
-
6
2
-
6
-
248
378
-
-
-
-
-
-
8
-
278
624
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,109
-
-
-
-
-
-
-
-
-
8,109
$
8$
- $ 278 $ 624 $ 8,109
Continued---
58
COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2013
(amounts expressed in thousands)
ASSETS:
Cash and Cash Equivalents Taxes Receivable Federal and State Aid Receivable Accounts Receivable Due From Other Funds Inventories
Total Assets
LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES:
Liabilities: Accounts Payable Intergovernmental Payables Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities
Deferred Inflows of Resources: Unavailable Revenue - Property Taxes Total Deferred Inflows of Resources
Fund Balances: Nonspendable Restricted Committed Assigned Total Fund Balances
Total Liabilities, Deferred Inflows of Resources, and Fund Balances
Districtwide
Building
Capital Projects Special Purpose
Local Option Sales Tax II
Student Information
Systems
Total
$ 1,606 $ -
$ 1,606 $
1,241 $ -
1,241 $
395 $ 7 -
402 $
36,109 7
11,725 18
4,144 1,848
53,851
$
43 $
-
-
43
-
1,563
1,563
$ 1,606 $
54 $ -
8 1 63
-$ -
-
1,172 9
4,629 1,462 7,079
658 15,009
-
6
6
-
6
6
1,178
-
1,178
1,241 $
396
396
402 $
1,848 22,122 12,577
2,289
38,836
53,851
Concluded.
59
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COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Taxes Intergovernmental Tuition and Fees Interest Income Athletic Ticket Sales Other
Total Revenues
Donations
$
-
-
-
-
-
27
27
Special Revenue
Facility
Use/
After
Public
School
Safety
Program
Performing Arts/Artist at
School Program
$
-$
-$
-
-
-
-
1,228
7,918
316
-
-
-
-
-
-
-
-
2
1,228
7,918
318
EXPENDITURES: Current:
Instruction Pupil Services Instructional Services School and Administrative
Services Student Transportation Maintenance and Operations Student Activities Capital Outlay
Total Expenditures
Excess (deficiency) of Revenues Over (Under) Expenditures
Other Financing Sources (Uses): Transfers-In Transfers-Out Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
4
-
722
348
2
-
-
-
6
-
-
-
18
493
6,530
-
-
-
-
-
-
1,160
-
-
-
-
-
-
36
-
50
-
66
1,653
7,302
348
(39)
(425)
616
(30)
-
790
-
7
-
(160)
-
-
-
630
-
7
(39)
205
616
(23)
163
815
1,733
167
Fund Balances, End of Year
$ 124 $ 1,020 $ 2,349 $
144
60
Tuition School/ Adult High School
$
-
-
857
-
-
-
857
Misc. Grants
$
-
338
-
-
-
19
357
Special Revenue
School Nutrition
(i3) Investing in Innovation
$
-$
-
32,339
495
20,343
-
53
-
-
-
14
-
52,749
495
Adult Education
$
-
968
-
-
-
10
978
Psycho Education
Center
$
-
5,554
-
-
-
37
5,591
786 2
97
346 -
1,231
87
-
17
-
233
-
-
51,478
-
-
-
-
-
-
-
405
337
51,883
(374)
20
866
216 -
216
(158) 989
$
831 $
-
-
-
-
-
-
20
866
-
21,906
20 $ 22,772 $
-
-
4,103
-
-
1,119
5
-
298
-
978
60
-
-
20
-
-
4
-
-
-
490
-
-
495
978
5,604
-
-
-$
-
(13)
-
-
-
-
-
-
-
(13)
-
343
-$
330
Continued---
61
COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
Special Revenue
REVENUES: Taxes Intergovernmental Tuition and Fees Interest Income Athletic Ticket Sales Other
Total Revenues
EXPENDITURES: Current:
Instruction Pupil Services Instructional Services School and Administrative
Services Student Transportation Maintenance and Operations Student Activities Capital Outlay
Total Expenditures
Excess (deficiency) of Revenues Over (Under) Expenditures
Other Financing Sources (Uses): Transfers-In Transfers-Out Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
Title I
Special
Vocational
Education Education
Title II
$
-$
-$
20,491
20,398
-
-
-
-
-
-
-
-
20,491
20,398
-$
-
790
2,886
-
-
-
-
-
-
-
-
790
2,886
10,589 224
7,644
1,728 281 25
20,491
14,997 1,498 2,022
687 1,194
20,398
446
-
-
-
201
2,856
8
26
-
-
-
-
-
-
135
4
790
2,886
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$
-$
-$
-$
-
62
Special Revenue
Homeless Grant
USDA Fruit and Vegetables
Title III
Title IV
Local School Funds
$
-$
-$
-$
-$
-
55
176
1,193
3,967
-
-
-
-
-
25,414
-
-
-
-
10
-
-
-
-
3,194
-
-
-
-
-
55
176
1,193
3,967
28,618
2
-
30
955
-
-
-
321
2,382
-
34
-
755
206
-
19
176
58
144
-
-
-
29
253
-
-
-
-
15
-
-
-
-
-
28,525
-
-
-
12
-
55
176
1,193
3,967
28,525
-
-
-
-
93
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
93
-
-
-
-
8,016
$
-$
-$
-$
- $ 8,109
Continued---
63
COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES:
Taxes Intergovernmental Tuition and Fees Interest Income Athletic Ticket Sales Other
Total Revenues
DistrictWide
Building
Capital Projects Special Purpose
Local Option Sales Tax II
Student Information
Systems
Total
$
-$
-
-
6
-
227
233
-$ 5 5
4$
4
-
89,650
-
56,076
1
75
-
3,194
-
336
5
149,335
EXPENDITURES: Current:
Instruction Pupil Services Instructional Services School and Administrative
Services Student Transportation Maintenance and Operations Student Activities Capital Outlay
Total Expenditures
Excess (deficiency) of Revenues Over (Under) Expenditures
Other Financing Sources (Uses): Transfers-In Transfers-Out Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
-
1,467 -
1,201 2,668
(2,435)
-
(2,435)
3,998
-
1,434 -
56 1,490
(1,485)
(20,270) (20,270)
(21,755)
22,933
-
33,069
-
5,565
-
14,357
-
65,650
-
1,777
-
1,179
-
28,525
-
2,414
-
152,536
5
(3,201)
-
1,013
(5)
(20,435)
(5)
(19,422)
-
(22,623)
396
61,459
Fund Balances, End of Year
$ 1,563 $
1,178 $
396 $ 38,836
Concluded.
64
COBB COUNTY SCHOOL DISTRICT DONATIONS-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Local
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
27 $
27 $
27
27
27
27
Variance With Final Budget -
Positive (Negative)
$
-
-
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services General Administration School Administration Central Operations
Total Expenditures
8
8
13
13
17
17
1
1
7
7
136
136
182
182
4
4
2
11
6
11
1
-
-
7
53
83
66
116
Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year
(155)
(155)
(39)
116
163
163
163
-
$
8$
8$
124 $
116
65
COBB COUNTY SCHOOL DISTRICT FACILITY USE/ PUBLIC SAFETY-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Local Other
Total Revenues
EXPENDITURES: Maintenance and Operation of Plant Community Service Operations
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
$
1,236 $
1,236 $
1,228
790
790
790
2,026
2,026
2,018
1,350 676
2,026
1,350 676
2,026
1,160 653
1,813
Variance With Final Budget -
Positive (Negative)
$
(8)
-
(8)
190 23 213
Net Change in Fund Balance Fund Balance, Beginning of Year
-
-
205
205
815
815
815
-
Fund Balance, End of Year
$
815 $
815 $
1,020 $
205
66
COBB COUNTY SCHOOL DISTRICT AFTER SCHOOL PROGRAM-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Local
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
7,221 $
7,221 $
7,918
7,221
7,221
7,918
Variance With Final Budget -
Positive (Negative)
$
697
697
EXPENDITURES: Instruction Community Service Operations
Total Expenditures
724
724
722
2
6,497
6,977
6,580
397
7,221
7,701
7,302
399
Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year
-
(480)
616
1,096
1,733
1,733
1,733
-
$
1,733 $
1,253 $
2,349 $
1,096
67
COBB COUNTY SCHOOL DISTRICT PERFORMING ARTS/ARTIST AT SCHOOL PROGRAM-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Local Other
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
372 $
372 $
318
7
7
7
379
379
325
Variance With Final Budget -
Positive (Negative)
$
(54)
-
(54)
EXPENDITURES: Instruction
Total Expenditures
379
379
348
31
379
379
348
31
Net Change in Fund Balance
-
-
(23)
(23)
Fund Balance, Beginning of Year
167
167
167
-
Fund Balance, End of Year
$
167 $
167 $
144 $
(23)
68
COBB COUNTY SCHOOL DISTRICT TUITION SCHOOL/ADULT HIGH SCHOOL-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Local Other
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
949 $
1,060 $
857
216
216
216
1,165
1,276
1,073
Variance With Final Budget -
Positive (Negative)
$
(203)
-
(203)
EXPENDITURES:
Instruction
649
920
786
134
Pupil Services
-
-
2
(2)
Improvement of Instructional Services
120
121
88
33
Educational Media Services
22
22
9
13
School Administration
69
69
27
42
Community Services Operations
305
351
319
32
Total Expenditures
1,165
1,483
1,231
252
Net Change in Fund Balance
-
(207)
(158)
49
Fund Balance, Beginning of Year
989
989
989
-
Fund Balance, End of Year
$
989 $
782 $
831 $
49
69
COBB COUNTY SCHOOL DISTRICT MISCELLANEOUS GRANTS-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Local State Federal
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget -
Positive (Negative)
$
-$
36 $
19 $
(17)
-
8
6
(2)
269
417
333
(84)
269
461
358
(103)
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services General Administration Other Support Services
Total Expenditures
-
143
87
56
45
22
18
4
223
295
233
62
1
-
-
-
-
1
-
1
269
461
338
123
Net Change in Fund Balance
Fund Balance, Beginning of Year
Fund Balance, End of Year
$
-$
-
20
20
-
-
-
-$
20 $
20
70
COBB COUNTY SCHOOL DISTRICT SCHOOL NUTRITION-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES:
Local State Federal Other
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
22,219 $
22,219 $
20,394
1,230
1,230
1,279
27,766
27,766
31,060
19
19
16
51,234
51,234
52,749
Variance With Final Budget -
Positive (Negative)
$
(1,825)
49
3,294
(3)
1,515
EXPENDITURES: School Nutrition Program
Total Expenditures
52,987 52,987
53,193 53,193
51,883 51,883
1,310 1,310
Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year
(1,753)
(1,959)
866
21,906
21,906
21,906
$
20,153 $
19,947 $
22,772 $
2,825 -
2,825
71
COBB COUNTY SCHOOL DISTRICT (I3) INVESTING IN INNOVATION FUND - SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
495 $
495 $
495
495
495
495
Variance With Final Budget -
Positive (Negative)
$
-
-
EXPENDITURES:
Improvement of Instructional Services
6
6
5
1
Student Transportation
489
489
490
(1)
Total Expenditures
495
495
495
-
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
72
COBB COUNTY SCHOOL DISTRICT ADULT EDUCATION-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES:
State Federal Other Sources
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
410 $
375 $
375
642
598
593
-
10
10
1,052
983
978
Variance With Final Budget -
Positive (Negative)
$
-
(5)
-
(5)
EXPENDITURES: Community Service Operations
Total Expenditures
1,052
983
978
5
1,052
983
978
5
Net Change in Fund Balance Fund Balance, Beginning of Year
-
-
-
-
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
73
COBB COUNTY SCHOOL DISTRICT PSYCHO EDUCATION CENTER-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES:
State Federal Other
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
5,140 $
5,057 $
5,055
450
570
500
37
56
36
5,627
5,683
5,591
Variance With Final Budget -
Positive (Negative)
$
(2)
(70)
(20)
(92)
EXPENDITURES:
Instruction
4,014
4,080
4,103
(23)
Pupil Services
1,166
1,199
1,120
79
Improvement of Instructional Services
323
311
296
15
General Administration
51
50
50
-
School Administration
5
4
4
-
Business Services Maintenance and Operation of Plant Student Transportation
8
7
7
-
36
8
4
4
24
24
20
4
Total Expenditures
5,627
5,683
5,604
79
Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year
-
-
(13)
(13)
343
343
343
-
$
343 $
343 $
330 $
(13)
74
COBB COUNTY SCHOOL DISTRICT TITLE I-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services General Administration Student Transportation Other Support Services
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
$
18,340 $
28,008 $
20,491
18,340
28,008
20,491
10,268 326
4,140 655
1,135 1,816
18,340
14,209 311
9,626 798 677
2,387
28,008
10,589 224
7,276 553 282
1,567
20,491
Variance With Final Budget -
Positive (Negative)
$
(7,517)
(7,517)
3,620 87
2,350 245 395 820
7,517
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
75
COBB COUNTY SCHOOL DISTRICT SPECIAL EDUCATION-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
18,992 $
25,055 $
20,398
18,992
25,055
20,398
Variance With Final Budget -
Positive (Negative)
$
(4,657)
(4,657)
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services General Administration Student Transportation
Total Expenditures
9,610 4,747 3,167
306 1,162
18,992
14,683 5,129 3,170
903 1,170
25,055
14,997 1,498 2,022
687 1,194
20,398
(314) 3,631 1,148
216 (24)
4,657
Net Change in Fund Balance Fund Balance, Beginning of Year
-
-
-
-
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
76
COBB COUNTY SCHOOL DISTRICT VOCATIONAL EDUCATION-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
638 $
802 $
790
638
802
790
Variance With Final Budget -
Positive (Negative)
$
(12)
(12)
EXPENDITURES: Instruction Improvement of Instructional Services General Administration
Total Expenditures
417
556
575
(19)
210
237
207
30
11
9
8
1
638
802
790
12
Net Change in Fund Balance Fund Balance, Beginning of Year
-
-
-
-
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
77
COBB COUNTY SCHOOL DISTRICT TITLE II-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
2,257 $
4,279 $
2,886
2,257
4,279
2,886
Variance With Final Budget -
Positive (Negative)
$
(1,393)
(1,393)
EXPENDITURES: Improvement of Instructional Services General Administration
Total Expenditures
2,225 32
2,257
4,040 239
4,279
2,832 54
2,886
1,208 185
1,393
Net Change in Fund Balance Fund Balance, Beginning of Year
-
-
-
-
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
78
COBB COUNTY SCHOOL DISTRICT HOMELESS GRANT-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
56 $
64 $
55
56
64
55
Variance With Final Budget -
Positive Negative)
$
(9)
(9)
EXPENDITURES: Instruction General Administration Student Transportation
Total Expenditures
2
2
2
-
39
42
34
8
15
20
19
1
56
64
55
9
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
79
COBB COUNTY SCHOOL DISTRICT USDA-FRESH FRUITS & VEGETABLES-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
177 $
177 $
176
177
177
176
Variance With Final Budget -
Positive (Negative)
$
(1)
(1)
EXPENDITURES: School Nutrition
Total Expenditures
177
177
176
1
177
177
176
1
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
80
COBB COUNTY SCHOOL DISTRICT TITLE III-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
$
1,392 $
1,878 $
1,193
1,392
1,878
1,193
Variance With Final Budget -
Positive (Negative)
$
(685)
(685)
EXPENDITURES:
Instruction
136
166
30
136
Pupil Services
284
429
321
108
Improvement of Instructional Services
944
1,091
728
363
General Administration
28
34
27
7
Student Transportation
-
45
30
15
Other Support Services
-
113
57
56
Total Expenditures
1,392
1,878
1,193
685
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
81
COBB COUNTY SCHOOL DISTRICT TITLE IV-SPECIAL REVENUE FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
Budgeted Amounts
Original
Final
$
1,846 $
4,616
1,846
4,616
Actual Amounts
$
3,967
3,967
Variance With Final Budget -
Positive (Negative)
$
(649)
(649)
EXPENDITURES:
Instruction
1,150
1,190
967
223
Pupil Services
222
2,698
2,382
316
Improvement of Instructional Services
19
59
28
31
Educational Media Services
9
-
-
-
Federal Grant Administration
179
210
179
31
General Administration
-
26
23
3
Business Support Services
43
63
43
20
Maintenance & Operations
20
21
15
6
Student Transportation
Other Support Service Total Expenditures
159
266
253
13
45
83
77
6
1,846
4,616
3,967
649
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
82
Internal Service Funds These funds are established to account for the financing of goods or services provided by one department to other departments on a cost-reimbursement basis. The District has three individual funds in the Internal Service Funds category. The Unemployment Compensation, Self-Insurance and Dental Insurance Funds are used to account for the District's self-insurance programs.
83
COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF FUND NET POSITION INTERNAL SERVICE FUNDS JUNE 30, 2013
(amounts expressed in thousands)
Assets:
Unemployment Compensation
Fund
SelfInsurance
Fund
Dental Insurance
Fund
Total
Current Assets: Due from Other Funds Total Current Assets
$
456 $
6,859 $
456
6,859
-$ -
7,315 7,315
Liabilities:
Current Liabilities: Accounts Payable Claims Payable Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Total Current Liabilities
Noncurrent liabilities: Claims payable, due in more than one year
Net Position:
Unrestricted
$
36
284
-
1,890
-
8
-
1
36
2,183
-
4,519
420 $
157 $
-
320
-
1,890
-
8
-
1
-
2,219
-
4,519
-$
577
84
COBB COUNTY SCHOOL DISTRICT
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
OPERATING REVENUES: Charges for Services
Total Revenues
Unemployment Compensation
Fund
SelfInsurance
Fund
Dental Insurance
Fund
$
610 $
4,657 $
-
610
4,657
-
Total
$
5,267
5,267
OPERATING EXPENSES: School and Administrative Services
610
5,150
42
5,802
Operating Loss
-
(493)
(42)
(535)
Transfers-In
-
494
-
494
Change in Net Position
-
1
(42)
(41)
Total Net Position, Beginning of Year, Restated
420
156
42
618
Total Net Position, End of Year
$
420 $
157 $
-$
577
85
COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
Cash Flows from Operating Activities: Receipts from Interfund Services Provided Payments to Suppliers Payments for Medical Fees and Insurance Claims Payments to Employees
Net Cash Provided by (Used in) Operating Activities
Cash Flows from Noncapital Financing Activities: Transfers-In
Net Cash Provided by Noncapital Financing Activities
Net Increase in Cash and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
Cash and Cash Equivalents at End of Year
Unemployment Compensation
Fund
SelfInsurance
Fund
Dental Insurance
Fund
Total
$
574 $
4,499 $
-
(160)
(574)
(4,236)
-
(597)
32 $ -
(32) -
5,105 (160) (4,842) (597)
-
(494)
-
(494)
-
494
-
494
-
494
-
494
-
-
-
-
-
-
-
-
$
-$
-$
-$
-
Reconciliation of Operating Loss to Net Cash used in Operating Activities:
Operating Loss
$
Adjustments to Reconcile Operating
Loss to Net Cash used in
Operating Activities:
Decrease (Increase) in Due From Other Funds
Decrease in Prepaid Items
Increase in Claims Payables
Increase in Accounts Payable
Total Adjustments
Net Cash used in Operating Activities
$
-$
(36) -
36 -$
(493) $
(158) -
100 57 (1)
(494) $
(42) $
(535)
32 10
-
42
-$
(162) 10
100 93
41
(494)
86
Fiduciary Funds These funds are established to account for assets held by the District as a trustee or agent. The District has two individual Agency Funds, the Student Activity Fund and the Payroll Withholding Fund. The funds are used to account for assets held by the District as an agent for special school groups and clubs and for salary withholdings collection agencies.
87
COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF FIDUCIARY ASSETS AND LIABILITIES FIDUCIARY FUNDS JUNE 30, 2013
(amounts expressed in thousands)
Agency Funds
ASSETS: Cash and Cash Equivalents
Total Assets
Student Activity
Payroll Withholding
Total
$ 1,086 $
27,882 $ 28,968
1,086
27,882
28,968
LIABILITIES: Due to Student Groups Payroll Withholdings Payable
Total Liabilities
1,086 -
$ 1,086 $
27,882
1,086 27,882
27,882 $ 28,968
88
COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF CHANGES IN FIDUCIARY ASSETS AND LIABILITIES FIDUCIARY FUNDS FOR THE YEAR ENDED JUNE 30, 2013
(amounts expressed in thousands)
ASSETS: Cash and Cash Equivalents
Balance, Beginning of Year Additions Deductions
Balance, End of Year
Student Activity
Payroll Withholding
Total
$
1,207 $
26,154 $
27,361
1,166
432,711
433,877
(1,287)
(430,983)
(432,270)
$
1,086 $
27,882 $
28,968
LIABILITIES: Due to Student Groups:
Balance, Beginning of Year Additions Deductions
Balance, End of Year
Payroll Withholdings Payable: Balance, Beginning of Year Additions Deductions
Balance, End of Year
Total Liabilities: Balance, Beginning of Year Additions Deductions
Balance, End of Year
$
1,207 $
1,166 (1,287)
1,086
-$ -
-
1,207 1,166 (1,287)
1,086
-
26,154
26,154
-
432,711
432,711
-
(430,983)
(430,983)
-
27,882
27,882
1,207
26,154
27,361
1,166 (1,287)
432,711 (430,983)
433,877 (432,270)
$
1,086 $
27,882 $
28,968
89
COBB COUNTY SCHOOL DISTRICT SPLOST II - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2013
LOCATION/DESCRIPTION
ACWORTH INTERMEDIATE ADDISON ELEMENTARY ADULT EDUCATION CENTER ALLATOONA HIGH ARGYLE ELEMENTARY AUSTELL ES AWTREY MIDDLE BAKER ELEMENTARY BAKER ROAD BUS SHOP BARBER MIDDLE BARNES ED CENTER BELLS FERRY ELEMENTARY BELMONT HILLS ELEMENTARY BIG SHANTY ELEMENTARY BIRNEY ELEMENTARY BLACKWELL ELEMENTARY BROWN ELEMENTARY BRUMBY ELEMENTARY BRYANT ELEMENTARY BULLARD ELEMENTARY CAMPBELL HIGH CAMPBELL MIDDLE CHALKER ELEMENTARY CHEATHAM HILL ELEMENTARY CLARKDALE ELEMENTARY CLARKDALE REPLACEMENT ELEMENTARY CLAY ELEMENTARY COMPTON ELEMENTARY COOPER MIDDLE DANIELL MIDDLE DAVIS ELEMENTARY DICKERSON MIDDLE DODGEN MIDDLE DOWELL ELEMENTARY DUE WEST ELEMENTARY DURHAM MIDDLE EAST COBB MIDDLE EAST SIDE ELEMENTARY EAST SIDE REPLACEMENT ELEMENTARY EASTVALLEY ELEMENTARY FAIR OAKS ELEMENTARY FLOYD MIDDLE FORD ELEMENTARY FREY ELEMENTARY GARRETT MIDDLE GARRISON MILL ELEMENTARY GREEN ACRES ELEMENTARY GRIFFIN MIDDLE HARMONY LELAND ELEMENTARY HARRISON HIGH HAVEN @ FITZHUGH LEE HAVEN @ HAWTHORNE SCHOOL HAYES ELEMENTARY HENDRICKS ES HIGHTOWER TRAIL MIDDLE HILLGROVE HIGH HOLLYDALE ELEMENTARY KEHELEY ELEMENTARY KELL HIGH KEMP ELEMENTARY KENNESAW ELEMENTARY KENNESAW MOUNTAIN HIGH KENNESAW WAREHOUSE KINCAID ELEMENTARY KING SPRINGS ELEMENTARY
Approved Budget
553,333 2,295,182
220,500 48,799,343
762,599 9,226,393 1,606,397
422,625 -
19,815,465 1,639,228 928,229 1,840,351 1,512,196 974,782 183,750 684,592 2,335,453 689,685 98,000
10,326,795 7,615,640 176,278 120,050 1,800,206 1,473,100 2,782,990 192,938 3,902,614 291,415 3,878,680
13,694,820 387,719
5,287,518 137,750
4,562,219 967,129 -
1,381,680 3,196,172 11,924,814
347,831 195,021 920,589 463,177 327,076 16,788,670 4,958,225 932,114 641,097 909,439 559,807 158,638 2,070,517 45,739,657 1,865,302 452,025
49,613 169,663 374,593 512,663
610,875 1,372,207
Revised Budget
Expended Inception through 06/30/13
Expended FY13
Encumbered as of 6/30/13
Uncommitted
823,772 1,080,975
401,503 62,116,821
1,016,817 9,833,156 2,846,000 1,076,773
5,054 16,817,275
923,415 1,003,263 1,421,084 1,615,827 1,361,458
728,686 738,954 2,689,860 1,356,905 709,802 10,756,725 8,594,251 921,585 892,994 2,168,435 3,721,275 1,571,728 2,836,821 1,049,921 6,051,974 832,254 3,312,921 13,211,859 1,129,993 5,915,258 1,291,822 5,743,046 1,334,022 343,028 2,154,972 4,953,072 8,077,787 1,002,064 957,286 1,729,768 977,365 859,513 12,725,504 4,173,375 3,486,291 585,286 468,822 1,372,305 799,639 3,276,769 40,115,935 2,664,732 1,008,830 1,503,009 814,807 1,140,833 2,126,658 16,860,422 1,485,704 1,774,532
823,770 1,080,973
401,502 62,116,820
1,016,811 9,833,156 2,846,000 1,076,773
5,054 16,817,268
923,413 1,003,258 1,421,081 1,615,824 1,361,455
728,684 738,952 2,689,856 1,356,903 709,802 10,756,715 8,594,251 921,583 892,994 2,168,430 3,721,275 1,571,725 2,836,814 1,049,921 6,051,974 832,253 3,312,921 13,211,859 1,129,993 5,915,255 1,291,821 5,743,046 1,334,018 343,028 2,154,968 4,953,068 8,077,787 1,002,063 957,286 1,729,766 977,364 859,512 12,725,500 4,173,373 3,486,282 585,285 468,819 1,372,303 799,639 3,276,768 40,115,926 2,664,727 1,008,828 1,503,009 814,807 1,140,833 2,126,656 16,498,163 1,485,700 1,774,528
10,146 25,575 1,408,069 -
365,979 -
2 2 1 1 6 7 2 5 3 3 3 2 2 4 2 10 2 5 3 7 1 3 1 4 4 4 1 2 1 1 4 2 9 1 3 2 1 9 5 2 2 (3,720) 4 4
90
COBB COUNTY SCHOOL DISTRICT SPLOST II - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2013
LOCATION/DESCRIPTION LABELLE ELEMENTARY LASSITER HIGH LEWIS ELEMENTARY LINDLEY 6TH GRADE ACADEMY LINDLEY MIDDLE LOST MOUNTAIN MIDDLE LOVINGGOOD MIDDLE MABLETON ELEMENTARY MABRY MIDDLE MAINTENANCE FACILITY ARGO ROAD MARS HILL ROAD BUS SHOP MARTHA MOORE EDUCATION CENTER MCCALL PRIMARY MCCLESKEY MIDDLE MCCLURE MIDDLE MCEACHERN HIGH MILFORD ELEMENTARY MOUNTAIN VIEW ELEMENTARY MT BETHEL ELEMENTARY MURDOCK ELEMENTARY NICHOLSON ELEMENTARY NICKAJACK ELEMENTARY NORTH COBB HIGH NORTON PARK ELEMENTARY OAKWOOD HIGH OSBORNE HIGH PALMER MIDDLE PEBBLEBROOK HIGH PICKETT'S MILL ELEMENTARY PINE MOUNTAIN MIDDLE PITNER ELEMENTARY PITTS TRANSPORTATION CENTER POPE HIGH POWDER SPRINGS ELEMENTARY POWERS FERRY ELEMENTARY RECORDS CENTER RIVERSIDE INTERMEDIATE RIVERSIDE PRIMARY ROCKY MOUNT ELEMENTARY ROSE GARDEN RUSSELL ELEMENTARY SANDERS ELEMENTARY SANDERS ROAD BUS SHOP SEDALIA PARK ELEMENTARY SHALLOWFORD FALLS ELEMENTARY SIMPSON MIDDLE SKY VIEW ELEMENTARY SMITHA MIDDLE SOPE CREEK ELEMENTARY SOUTH COBB HIGH SPRAYBERRY HIGH STILL ELEMENTARY SYSTEMWIDE TAPP MIDDLE TEASLEY ELEMENTARY TIMBER RIDGE ELEMENTARY TRITT ELEMENTARY VARNER ELEMENTARY VAUGHAN ELEMENTARY WALTON HIGH WHEELER HIGH 440 GLOVER STREET 514 GLOVER STREET 538 GLOVER STREET 590 COMMERCE PARK DRIVE TOTAL PROJECT EXPENDITURES TRANSFER/PROPERTY TAX ROLLBACK *** FUND TOTAL ***
Approved Budget
4,507,698 2,677,406 2,633,796
229,988 4,316,636 21,370,265 550,858 10,762,779
9,887,493 715,169 25,171,440 2,224,600 1,967,841 429,522 570,851 5,620,305 232,481 120,050 12,848,547 4,372,185 801,885 12,062,824 273,788 8,888,290 15,218,083 2,523,317 98,000 664,573 954,888 326,250 1,412,708 128,000 9,537,353 880,341 7,854,321 131,076 3,979,977 6,884,096 330,750 1,651,275 5,957,701 699,614 2,855,808 2,111,288 7,020,632 138,791,133 1,257,349 437,327 189,264 1,902,180 652,313 716,503 21,196,265 8,541,169 627,247,680 69,000,000 $ 696,247,680 $
Revised Budget
Expended Inception through 06/30/13
Expended FY13
Encumbered as of 6/30/13
Uncommitted
5,668,226
5,668,221
-
-
5
3,630,268
3,630,267
-
-
1
1,694,293
1,694,292
45,466
-
1
2,478,782
2,478,778
-
-
4
1,324,032
1,324,032
-
-
-
5,489,759
5,489,758
-
-
1
18,867,750
18,867,746
-
-
4
1,648,166
1,648,166
-
-
-
6,756,949
6,756,949
-
-
-
24,008
24,008
-
-
-
5,054
5,054
-
-
-
486,469
486,469
-
-
-
10,621,636
10,621,636
-
1,051,616
1,051,615
-
22,997,909
22,997,902
-
7,862,199
7,862,198
-
2,922,177
2,922,172
-
1,284,851
1,284,850
-
1,441,753
1,441,750
-
7,444,205
7,444,205
-
714,666
714,661
-
848,971
848,969
-
11,666,375
11,666,370
-
4,948,952
4,948,946
-
1,334,540
1,334,539
-
7,937,899
7,937,894
-
1,031,233
1,031,233
-
6,184,050
6,184,043
-
23,205,025
23,205,024
-
3,177,004
3,177,003
-
777,488
777,488
-
7,368,801
7,368,798
-
2,717,333
2,717,331
-
1,145,449
1,145,446
-
1,991,963
1,991,959
-
7,758
7,758
-
867,986
867,986
-
9,018,000
9,017,998
-
1,315,858
1,315,854
-
15,054
15,054
-
8,179,558
8,179,546
-
899,171
899,170
-
6,229
6,229
-
4,047,090
4,047,087
-
8,381,459
8,381,456
-
852,537
852,536
-
-
-
-
1
-
7
-
1
-
5
-
1
-
3
-
-
-
5
-
2
-
5
-
6
-
1
-
5
-
-
-
7
-
1
-
1
-
-
-
3
-
2
-
3
-
4
-
-
-
-
-
2
-
4
-
-
-
12
-
1
-
-
-
3
-
3
-
1
2,038,460
2,038,452
-
-
8
5,613,762
5,613,762
-
-
-
1,381,341
1,381,340
-
-
1
5,355,279
5,355,275
(33)
-
4
3,622,139
3,622,138
-
-
1
8,939,905
8,939,900
-
-
5
18,192,042
17,377,044
18
-
814,998
1,755,073
1,755,069
-
-
4
909,019
909,017
-
-
2
734,535
734,534
-
-
1
2,920,280
2,920,278
-
-
2
1,011,215
1,011,213
-
-
2
1,167,538
1,167,537
-
-
1
12,226,687
12,226,685
-
-
2
10,509,687
10,509,682
-
-
5
250,582 1,347,300
109,208 88,231
587,855,426 135,137,762 722,993,188 $
250,581 1,347,300
109,207 88,230
586,677,881 135,137,762 721,815,643 $
736 -
1,489,977 20,269,817 21,759,794 $
365,979 365,979 $
1 1 1 811,566 811,566
91
COBB COUNTY SCHOOL DISTRICT SPLOST III - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2013
LOCATION/DESCRIPTION
ACWORTH INTERMEDIATE ADDISON ELEMENTARY ADULT EDUCATION CENTER ALLATOONA HIGH ARGYLE ELEMENTARY AUSTELL ES AWTREY MIDDLE BAKER ELEMENTARY BAKER ROAD BUS SHOP BARBER MIDDLE BELLS FERRY ELEMENTARY BELMONT HILLS ELEMENTARY BIG SHANTY ELEMENTARY BIRNEY ELEMENTARY BLACKWELL ELEMENTARY BROWN ELEMENTARY BRUMBY ELEMENTARY BRYANT ELEMENTARY BULLARD ELEMENTARY CAMPBELL HIGH CAMPBELL MIDDLE CHALKER ELEMENTARY CHEATHAM HILL ELEMENTARY CLARKDALE ELEMENTARY CLARKDALE REPLACEMENT ELEMENTARY CLAY ELEMENTARY COMPTON ELEMENTARY COOPER MIDDLE DANIELL MIDDLE DAVIS ELEMENTARY DICKERSON MIDDLE DODGEN MIDDLE DOWELL ELEMENTARY DUE WEST ELEMENTARY DURHAM MIDDLE EAST COBB MIDDLE EAST SIDE ELEMENTARY EAST SIDE REPLACEMENT ELEMENTARY EASTVALLEY ELEMENTARY FAIR OAKS ELEMENTARY FLOYD MIDDLE FORD ELEMENTARY FREY ELEMENTARY GARRETT MIDDLE GARRISON MILL ELEMENTARY GREEN ACRES ELEMENTARY GRIFFIN MIDDLE HARMONY LELAND ELEMENTARY HARRISON HIGH HAVEN @ FITZHUGH LEE HAVEN @ HAWTHORNE HAYES ELEMENTARY HENDRICKS ELEMENTARY HIGHTOWER TRAIL MIDDLE HILLGROVE HIGH HOLLYDALE ELEMENTARY KEHELEY ELEMENTARY KELL HIGH KEMP ELEMENTARY KENNESAW ELEMENTARY KENNESAW MOUNTAIN HIGH KENNESAW WAREHOUSE KINCAID ELEMENTARY KING SPRINGS ELEMENTARY LABELLE ELEMENTARY
Approved Budget
496,193 1,043,331
397,104 -
1,318,244 113,337
4,154,806 3,436,575
721,525 651,496 7,076,214 1,327,563 2,013,432 3,942,821 377,384 1,077,413 1,080,925 1,040,025 106,366 4,883,357 5,799,494 1,449,276 3,113,452 946,788
514,377 1,427,439 1,101,700 6,180,190 3,827,240 1,885,533 1,662,303 2,198,797 1,210,036 1,460,314 3,613,109
27,030,976
991,794 1,455,706 2,259,564 3,535,560 1,335,206 14,734,437 3,796,410 1,237,190 2,064,731
591,860 4,240,110 1,711,339 1,100,656 1,016,015
282,202 5,280,637
176,890 1,061,830 3,508,784
446,849 882,673 2,260,679 3,347,006 21,244,784 3,458,008 2,570,192 537,008
Revised Budget
Expended Inception through 06/30/13
Expended FY13
Encumbered as of 6/30/13
Uncommitted
1,010,865 1,252,563 1,053,356 2,201,132 2,216,930
583,187 4,601,163 4,498,499
599,636 1,461,507 6,107,334 1,355,019 2,136,801 3,909,692 1,103,217 2,221,539 1,919,589 2,039,100 1,010,984 5,435,836 6,560,687 1,888,256 3,488,043
184,107 5,967,187
870,611 1,935,922 1,793,914 6,349,553 3,115,172 2,278,591 2,390,777 2,452,734 1,517,133 2,278,257 4,174,035
541,642 20,091,714
1,333,455 1,428,089 2,486,060 4,251,946 1,461,387 11,382,511 4,076,293 1,648,817 2,144,558 1,237,995 21,567,084
298,034 1,063,591 1,484,464
927,707 3,744,059 2,791,482 1,297,155 3,475,712 2,892,500 1,489,816 2,303,996 5,641,093 26,810,692 3,330,251 3,157,522 1,164,835
997,835 1,241,897
157,575 2,042,787
968,839 578,361 4,056,120 3,360,768
38,031 1,410,247 6,071,044 1,342,956 2,115,737 2,765,752
982,185 468,475 1,203,976 1,418,118 994,434 5,264,810 5,137,506 1,446,068 3,455,351 184,107 5,937,938 848,640 1,273,155 1,747,042 6,126,998 2,934,825 2,238,661 2,334,319 2,154,991 1,498,887 2,232,352 1,928,521 541,640 20,066,218 1,324,963 1,379,774 1,631,811 3,119,106 1,393,247 10,333,924 3,000,567 1,637,437 2,026,378 972,609 14,247,922 283,766 198,858 1,465,337 897,299 3,682,920 2,498,462 1,287,785 3,449,663 2,491,117 1,104,002 1,924,697 5,382,062 10,450,260 3,306,194 2,844,197 1,156,026
139,134 206,298
43,930 188,795 333,479
67,783 2,067,306 2,388,948
37,153 111,118 149,897
44,001 78,653 2,067,318 275,149 68,248 116,387 440,587 164,971 178,717 3,818,956 142,927 114,430
530,788
50,224 537,461
68,828 2,608,592
129,905 25,712 22,241
541,483 110,559
17,931 135,933
98,463 52,073 104,204 26,091 2,416,755 96,731 1,674,093 2,381,193 86,898 543,110 534,395 10,248,793
2,460 67,009 238,929 1,003,725 217,030 79,830 1,018,786 355,187 391,200 531,125 831,841 2,683,301 64,548 431,936 26,793
613,984 664,214 168,811 1,013,556 836,687 93,819 159,537 559,807 1,110,722 17,040 382,954 64,010 119,616 14,542 41,111 641,422 441,789 552,166 212,721 4,782,433 10,799 7,100 17,669 128,776 328,443 17,606 1,850,630 102,713 -
13,030 10,666 281,797 158,345 583,877
4,826 376,232 124,175 561,605
51,260 36,290 12,063 21,064 307,253 27,213 1,593,527 715,613 61,175 16,550 171,026 312,459 425,148 32,692
29,249 21,971 279,813 46,872 158,545 180,347 39,930 56,458 178,127 18,246 45,905 2,230,972
2 25,496
8,492 48,315 813,138 491,418 68,140 606,798 523,560 11,380 118,180 52,665 2,536,729 14,268 864,733 19,127 19,609 54,039 293,020
9,370 26,049 383,714 257,038 50,856 241,425 14,509,802 24,057 210,612 8,809
92
COBB COUNTY SCHOOL DISTRICT SPLOST III - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2013
LOCATION/DESCRIPTION LASSITER HIGH LEWIS ELEMENTARY LINDLEY 6TH GRADE ACADEMY LINDLEY MIDDLE LOST MOUNTAIN MIDDLE LOVINGGOOD MIDDLE MABLETON ELEMENTARY MABLETON REPLACEMENT ES MABRY MIDDLE MAINTENANCE FACILITY ARGO ROAD MARS HILL ROAD BUS SHOP MARTHA MOORE EDUCATION CENTER MCCALL PRIMARY MCCLESKEY MIDDLE MCCLURE MIDDLE MCEACHERN HIGH MILFORD ELEMENTARY MOUNTAIN VIEW ELEMENTARY MT BETHEL ELEMENTARY MURDOCK ELEMENTARY NICHOLSON ELEMENTARY NICKAJACK ELEMENTARY NORTH COBB HIGH NORTON PARK ELEMENTARY OAKWOOD HIGH OSBORNE HIGH PALMER MIDDLE PEBBLEBROOK HIGH PICKETT'S MILL ELEMENTARY PINE MOUNTAIN MIDDLE PITNER ELEMENTARY PITTS TRANSPORTATION CENTER POPE HIGH POWDER SPRINGS ELEMENTARY POWERS FERRY ELEMENTARY RIVERSIDE INTERMEDIATE RIVERSIDE PRIMARY ROCKY MOUNT ELEMENTARY ROSE GARDEN SCHOOL RUSSELL ELEMENTARY SANDERS ELEMENTARY SANDERS ROAD BUS SHOP SEDALIA PARK ELEMENTARY SHALLOWFORD FALLS ELEMENTARY SIMPSON MIDDLE SKY VIEW ADMINISTRATION SKY VIEW ELEMENTARY SMITHA MIDDLE SMYRNA AREA REPLACEMENT ES SOPE CREEK ELEMENTARY SOUTH COBB HIGH SPRAYBERRY HIGH STILL ELEMENTARY SYSTEMWIDE TAPP MIDDLE TEASLEY ELEMENTARY TIMBER RIDGE ELEMENTARY TRITT ELEMENTARY VARNER ELEMENTARY VAUGHAN ELEMENTARY WALTON HIGH WEST COBB 9TH GRADE CENTER WHEELER HIGH 440 GLOVER STREET 514 GLOVER STREET 538 GLOVER STREET 590 COMMERCE PARK DRIVE *** FUND TOTAL ***
Approved Budget
Revised Budget
Expended Inception through 06/30/13
Expended FY13
Encumbered as of 6/30/13
Uncommitted
19,710,822 1,078,833
20,483,736 2,109,653
20,177,315 1,462,149
6,191,016 671,771
214,144 604,090
92,277 43,414
2,194,040
2,064,732
2,036,065
720,920
-
28,667
747,495
1,575,592
1,519,413
162,419
1,987
54,192
2,541,438
2,574,216
2,486,772
687,398
-
87,444
78,500
1,142,886
1,084,277
73,286
-
58,609
-
375,321
370,767
(1,193)
-
4,554
28,150,542 4,925,337
22,102,300 4,711,757
21,964,295 3,825,636
2,381,304 110,870
29,310
138,005 856,811
1,327,752
1,053,981
1,052,436
3,159
-
1,545
820,382
697,949
675,715
29,543
-
22,234
518,652
588,860
516,899
38,042
-
71,961
110,691 18,904,274
697,840 12,494,383
689,082 11,571,289
51,381 2,031,099
-
8,758
-
923,094
690,684
1,441,633
1,401,652
270,510
-
39,981
4,945,324
6,863,096
4,029,651
174,409
-
2,833,445
914,540
1,414,486
698,181
96,890
36,034
680,271
2,083,632 2,433,140
2,426,425 2,660,038
1,766,646 1,642,956
76,869 540,522
17,799 390,585
641,980 626,497
3,828,525
3,828,517
3,034,769
366,800
217,458
576,290
937,614
1,305,529
942,855
475,042
188,549
174,125
3,006,933
2,497,046
2,379,299
660,286
3,692
114,055
29,811,178
21,474,189
21,239,316
354,704
15,531
219,342
1,924,009
2,457,779
1,631,821
63,061
44,492
781,466
772,510 7,299,608
1,002,033 8,693,469
353,482 3,151,399
152,296 211,151
31,629 124,144
616,922 5,417,926
63,477
982,901
892,014
80,583
-
90,887
3,300,243
6,405,660
6,374,915
1,498,362
455
30,290
-
604,697
588,286
98,377
-
16,411
17,072,723 926,767
9,416,808 1,555,444
8,933,217 871,610
459,043 65,365
34,578
483,591 649,256
26,949,449
22,206,203
20,910,766
7,496,279
298,966
996,471
17,804,561
15,777,239
13,719,178
480,499
-
2,058,061
3,742,333
3,594,455
1,161,661
125,150
94,247
2,338,547
657,886 896,148
1,041,999 1,267,525
1,033,592 1,250,203
57,840 310,525
-
8,407
-
17,322
323,888
631,771
623,182
22,809
-
8,589
1,611,065
1,821,227
897,527
141,668
45,269
878,431
372,663
337,684
48,968
-
305
288,411
786,539
1,702,708
1,676,285
544,906
-
26,423
1,446,584
1,644,553
1,627,374
90,714
-
17,179
1,415,981 1,057,753
1,009,245 1,303,731
1,007,605 1,283,492
82,546 98,652
-
1,640
-
20,239
899,547
1,422,200
864,066
238,640
95,273
462,861
19,920,740
11,158,124
11,032,752
602,366
39,046
86,326
-
342,690
182,370
182,370
3,355
156,965
1,262,673 5,472,621
383,049 5,174,495
383,046 905,641
39,279
153,722
3 4,115,132
28,170,146
32,004,319
30,758,815
15,334,491
512,852
732,652
6,227,104
5,223,881
5,199,897
831,161
2,900
21,084
28,519,045
25,607,538
25,413,615
304,560
5,045
188,878
25,333,056
15,642,021
15,621,757
516,673
-
20,264
970,841
1,567,332
794,482
160,343
38,573
734,277
231,269,444
34,270,313
7,557,500
1,603,243
-
26,712,813
6,640,133
6,164,133
4,233,401
3,301,958
686,733
1,243,999
1,782,903
2,222,231
1,475,090
93,713
36,141
711,000
769,896 1,473,177
1,169,768 1,829,777
778,468 1,814,124
338,718 163,865
115,534 -
275,766 15,653
4,070,429
3,161,402
3,049,947
175,352
18,856
92,599
613,490
1,311,118
1,237,303
67,699
-
73,815
3,456,045
7,046,428
6,881,332
1,358,618
9,741
155,355
18,303,208
-
-
-
-
-
9,409,088
28,967,013
25,507,541
12,407,945
2,577,038
882,434
379,955 491,861
12,771,354 4,029,849
5,759,745 3,550,062
2,005,377 813,798
303,992 10,312
6,707,617 469,475
229,503
435,165
382,207
40,999
1,098
51,860
-
59,524
49,051
8,971
8,971
1,502
$ 797,656,675 $ 631,492,408 $
511,093,773 $ 113,067,353 $ 21,967,123 $ 98,431,512
93
(This page was left blank intentionally)
Area 5
6th Grade
Leah Delfausse Lost Mountain Middle School
(This page was left blank intentionally)
STATISTICAL SECTION (Unaudited) This part of the District's Comprehensive Annual Financial Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures and required supplementary information says about the District's overall financial position.
Contents Financial Trends
These schedules contain trend information to help the reader understand how the District's financial performance has changed over time. Revenue Capacity These schedules contain information to help the reader understand and assess the District's most significant own-source revenue, the property tax. Debt Capacity These schedules present information to help the reader assess the affordability of the District's current level of outstanding debt and the District's ability to issue additional debt in the future. Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the District's financial activities take place. Operating Information These schedules contain operating statistics, capital asset data, staffing information and key performance indicators to help the reader understand how the information in the District's financial report relates to the services the District provides and the activities it performs. Sources: Unless otherwise noted, the information contained here is derived from comprehensive annual financial reports for the indicated years. The District began implementation of GASB Statement No. 54 as of July 1, 2010, and implementation of GASB Statements No. 63 and 65 as of July 1, 2012.
94
COBB COUNTY SCHOOL DISTRICT NET POSITION BY COMPONENT LAST TEN FISCAL YEARS
(amounts expressed in thousands)
Net Position Components
Net Investment in Capital Assets
Restricted for: Debt Service Special Purpose Local Option Sales Tax II Special Purpose Local Option Sales Tax III School Nutrition Program Miscellaneous Grants
Unrestricted
June 30, 2004
$
508,226
18,340 -
217,726
Fiscal Year
June 30, 2005
June 30, 2006
$
653,443 $
873,831
11,361 -
238,391
6,777 -
170,994
June 30, 2007
$
877,694
11,785 -
319,370
Total Net Position
$
744,292 $
903,195 $ 1,051,602 $ 1,208,849
Source: District Records
95
June 30, 2008 $ 1,054,860
June 30, 2009 $ 1,060,388
Fiscal Year
June 30, 2010
June 30, 2011
$ 1,054,911 $ 1,066,545
June 30, 2012 $ 1,230,853
June 30, 2013 $ 1,262,788
1,826 -
227,758
1,523 -
244,178
1,356 -
285,849
51,056 112,546 21,676
171,646
22,933 33,222 20,200
147,483
1,178 48,682 20,924
20 149,881
$ 1,284,444 $ 1,306,089 $ 1,342,116 $ 1,423,469 $ 1,454,691 $ 1,483,473
96
COBB COUNTY SCHOOL DISTRICT CHANGES IN NET POSITION LAST TEN FISCAL YEARS
(amounts expressed in thousands)
Governmental Activities Expenses: Instruction Pupil Services Instructional Services School and Administrative Services Student Transportation Maintenance and Operations Student Activities Interest and Fiscal Charges
Total Governmental Expenses
Program Revenues Charges For Services:
Instruction Pupil Services School and Administrative Services Maintenance and Operations Student Activities Operating Grants and Contributions Capital Grants and Contributions Total Governmental Expenses
Governmental Net Expenses
General Revenues and Other Changes in Net Position General Revenues Taxes:
Property Taxes Levied for General Purposes Property Taxes Levied for Debt Service Sales Tax Intergovernmental Tuition and Fees Interest Income Insurance and Damage Recoveries Gain on Sale of Capital Assets Other Total General Revenues Extraordinary Item: Gain after Insurance Recovery
Change in Net Position
June 30, 2004
Fiscal Year
June 30, 2005
June 30, 2006
June 30, 2007
$
564,592 $
581,871 $
629,565 $
690,562
20,529
22,342
24,453
25,523
32,235
32,643
36,513
38,970
141,537
142,323
149,359
171,343
37,444
40,610
43,660
45,646
45,096
47,238
53,565
55,836
33,023
29,401
29,476
-
8,004
6,375
4,500
4,606
$
882,460 $
902,803 $
971,091 $ 1,032,486
$
1,326 $
1,340 $
1,361 $
1,205
7
12
13
6
39,166
41,514
40,710
44,245
1,360
833
840
893
34,881
30,438
29,651
-
398,800
397,845
437,251
481,508
8,404
38,203
20,306
34,884
$
483,944 $
510,185 $
530,132 $
562,741
$ (398,516) $ (392,618) $ (440,959) $ (469,745)
$
368,618 $
380,687 $
412,017 $
445,840
18,691
19,279
20,851
22,473
108,864
115,673
125,742
129,099
4,951
6,283
12,928
14,178
28
-
-
-
4,036
9,447
17,178
21,231
3
1
2
4
-
-
-
-
595
500
648
523
$
505,786 $
531,870 $
589,366 $
633,348
-
-
-
-
$
107,270 $
139,252 $
148,407 $
163,603
Source: District Records
97
June 30, 2008
June 30, 2009
Fiscal Year
June 30, 2010
June 30, 2011
June 30, 2012
June 30, 2013
$
729,888
27,550
48,324
186,033
49,432
58,822
-
2,413
$ 1,102,462
$
737,527
29,467
47,395
182,836
47,802
61,988
-
300
$ 1,107,315
$
737,900
31,584
46,721
165,345
46,513
60,912
-
-
$ 1,088,975
$
689,680
30,563
48,853
152,083
43,563
56,608
28,930
93
$ 1,050,373
$
682,212
30,031
51,475
175,717
44,698
60,143
29,746
118
$ 1,074,140
$
685,671
27,093
53,389
156,481
46,888
70,437
28,525
-
$ 1,068,484
$
1,481 $
1,276 $
1,184 $
1,241 $
1,068 $
1,101
11
11
10
13
11
10
44,199
43,557
41,142
27,312
27,921
29,104
1,110
2,254
1,332
909
983
1,842
-
-
-
28,721
29,402
28,608
501,582
468,115
491,465
518,300
478,937
504,819
866
2,739
199
541
30,832
7,524
$
549,249 $
517,952 $
535,332 $
577,037 $
569,154 $
573,008
$ (553,213) $ (589,363) $ (553,643) $ (473,336) $ (504,986) $ (495,476)
$
466,320 $
482,690 $
470,456 $
423,694 $
405,965 $
400,271
1,415
142
52
43
-
-
128,043
110,242
112,395
113,739
122,557
121,008
17,428
7,307
2,323
1,475
1,079
-
-
-
-
-
-
-
15,070
5,931
2,979
3,070
2,076
1,632
-
-
-
-
-
-
-
-
-
-
516
-
532
876
953
2,962
4,015
1,347
$
628,808 $
607,188 $
589,158 $
544,983 $
536,208 $
524,258
-
-
512
-
-
-
$
75,595 $
17,825 $
36,027 $
71,647 $
31,222 $
28,782
98
COBB COUNTY SCHOOL DISTRICT FUND BALANCES, GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS
(amounts expressed in thousands)
General Fund Reserved Unreserved Nonspendable Restricted Committed Assigned Unassigned
Total General Fund
June 30, 2004
Fiscal Year
June 30, 2005
June 30, 2006
June 30, 2007
$
17,008 $
18,418 $
18,825 $
28,335
41,832
51,463
93,944
114,566
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$
58,840 $
69,881 $
112,769 $
142,901
All Other Governmental Funds
Reserved
$
Unreserved, reported in:
Special Revenues Funds
Capital Projects Funds
Nonspendable
Restricted
Committed
Assigned
Total All Other Governmental Funds $
178,103 $
16,175 (130,328)
63,950 $
79,166 $
20,543 (43,463)
56,246 $
127,327 $
24,459 (88,793)
62,993 $
61,017
22,063 (18,507)
64,573
(a) Implementation of GASB Statement No. 54: Fund Balance Reporting and Governmental Fund Type Definitions began July 1, 2010. Statement No. 54 provides clarification and transparency to fund balance classifications. The new standard changes overall definitions and classifications of governmental fund balance. Prior to these classifications, fund balance was separated into two groups, Reserved and Unreserved. Under GASB No. 54,the District's fund balance is classified as follows:
1) Nonspendable Fund Balance - Noncash assets, such as inventories and prepaid items. 2) Restricted Fund Balance - Funds with limitations imposed on their use by external restrictions. 3) Committed Fund Balance - Amounts that can only be used for specific purposes pursuant to a formal vote of the Cobb County
Board of Education. 4) Assigned Fund Balance - Amounts designated by the Board of Education for specific purposes. 5) Unassigned Fund Balance - Residual, spendable fund balance after subtracting categories listed above.
Source: District Records
99
June 30, 2008
June 30, 2009
Fiscal Year June 30, 2010 June 30, 2011 (a)
June 30, 2012
June 30, 2013
$
26,739 $
101,848
-
-
-
-
-
$
128,587 $
2,714 $ 77,575
80,289 $
5,823 $ 79,783
85,606 $
-$ 324 46,256 99,863 146,443 $
-$ 353 34,396 98,637 133,386 $
674 59,272 75,349 135,295
$
21,580 $
24,165 $
67,008 $
-$
-$
-
22,627
20,470
22,966
-
-
-
53,105
115,594
108,716
-
-
-
-
-
-
1,365
1,706
1,848
-
-
-
136,076
76,355
70,804
-
-
-
11,646
11,883
12,577
-
-
-
11,893
4,737
2,289
$
97,312 $
160,229 $
198,690 $
160,980 $
94,681 $
87,518
100
COBB COUNTY SCHOOL DISTRICT CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS
(amounts expressed in thousands)
REVENUES: Taxes Intergovernmental Tuition and Fees Interest Income Insurance and Damage Recoveries Rentals Athletic Ticket Sales Other
Total Revenues
EXPENDITURES: Current:
Instruction Pupil Services Instructional Services School and Administrative Services Student Transportation Maintenance and Operations Student Activities Interest and Fiscal Charges Capital Outlay Debt Service: Principal Retirement Interest and Fiscal Charges
Total Expenditures
Excess (Deficiency) of Revenues Over (Under) Expenditures
Other Financing Sources (Uses): Transfers-In Transfers-Out Proceeds from Sale of Capital Assets Proceeds from Capital Lease Agreements Deferred Amount of Refunding Premium on Bonds Issued Refunding Bonds Redeemed Refunding Bonds Issued Total Other Financing Sources (Uses)
Extraordinary Item: Proceeds from Insurance Recovery
Net Change in Fund Balances
2004
$ 491,878 411,814 60,578 4,036 3 970 2,991 937 973,207
Fiscal Year
2005
2006
$ 512,566 442,157 58,275 9,447 1 433 3,219 639
1,026,737
$ 555,012 470,136 58,905 17,178 2 334 2,908 1,000
1,105,475
2007
$ 593,038 529,965 34,488 21,231 4 397 782
1,179,905
538,504 17,729 31,182
120,842 32,506 44,591 33,023 74,898
41,501 8,838
943,614
545,466 19,280 31,060
125,244 34,900 46,116 29,401 -
139,852
44,462 8,095 1,023,876
573,603 20,998 33,948
126,927 37,443 51,251 29,476 -
147,980
46,561 6,320 1,074,507
653,593 23,117 37,193
154,002 40,328 55,007 -
131,234
49,699 6,092 1,150,265
29,593
2,861
30,968
29,640
24,669 (27,904)
1,843 5,312
3,920
24,938 (26,032)
2 (1,289) 4,062 (128,870) (a) 127,665 (a) 476
34,827 (35,992)
181 -
(984)
25,953 (27,730)
340 9,865
8,428
-
$
33,513 $
3,337 $
29,984 $
38,068
Non-Capitalized Expenditures Capitalized Expenditures Total Expenditures
Debt Service as a Percentage of Non-Capitalized Expenditures
$ 873,979 $ 900,487 $ 962,671 $ 1,028,751
69,635
123,389
111,836
121,514
$ 943,614 $ 1,023,876 $ 1,074,507 $ 1,150,265
5.76%
5.84%
5.49%
5.42%
(a) In fiscal year 2005, the District issued $127,665,000 of general obligation bonds for a refunding of $128,870,000 of series 1995 general obligation bonds. The refunding was undertaken to reduce total future debt service payments.
Source: District Records
101
2008
$ 589,915 519,632 34,795 15,070 1 631 735
1,160,779
2009
$ 585,637 477,654 33,143 5,931 11 1,824 1,374
1,105,574
Fiscal Year
2010
2011
$ 574,944 493,883 31,684 2,979 3 897 1,060
1,105,450
$ 540,938 520,316 54,410 3,070 466 3,320 2,753
1,125,273
2012
$ 530,686 510,582 55,448 2,325 526 3,410 4,016
1,106,993
2013
$ 518,604 512,258 56,088 1,717 1,383 3,194 1,347
1,094,591
700,308 25,206 46,992
167,644 45,002 58,119 92,901
1,810 2,413 1,140,395
692,193 25,770 45,427
164,325 43,938 61,237 48,372
7,376 300
1,088,938
675,152 26,636 43,890
142,959 41,949 59,112 75,261
1,064,959
634,684 25,611 47,255
148,066 40,509 56,584 28,930 93
128,890
1,110,622
634,330 25,740 49,700
169,535 41,469 56,514 29,746 118
179,490
1,186,642
628,513 23,067 51,492
152,266 43,674 59,473 28,525 -
113,346
1,100,356
20,384
16,636
40,491
14,651
(79,649)
(5,765)
6,345 (8,476)
172 -
(1,959)
3,576 (5,696)
103 -
(2,017)
3,492 (4,271)
114 -
(665)
27,953 (29,451)
268 -
(1,230)
24,930 (25,424)
787 -
293
21,448 (21,942)
458 -
(36)
-
$
18,425
$ 1,055,849 84,546
$ 1,140,395
-
$
14,619
$ 1,050,220 38,718
$ 1,088,938
3,952
$
43,778
$ 1,019,111 45,848
$ 1,064,959
-
$
13,421
$ 994,729 115,893
$ 1,110,622
$ (79,356) $
(5,801)
$ 1,010,754 175,888
$ 1,186,642
$ 997,944 102,412
$ 1,100,356
0.40%
0.73%
-
-
-
-
102
COBB COUNTY SCHOOL DISTRICT PROPERTY TAX LEVIES AND COLLECTIONS JUNE 30, 2013
Property Taxes Collected and Balances Receivable
amounts in thousands
$500,000
$450,000 $400,000
$350,000
$300,000
$250,000 $200,000
$150,000
$100,000
2007
2008
2009
2010
Balance Receivable
Debt Service Collections
2011
2012
General Fund Collections
$50,000
$0 2013
Balances as of June 30, 2013 (amounts expressed in thousands)
2007
2008
2009
General Fund:
Total Taxes Levied
$ 428,739 $ 459,381 $ 477,932
2010 $ 468,234
2011 $ 428,077
2012 $ 403,777
2013 $ 394,842
Total $ 3,060,982
Collected or Released: Current Year % of Total Taxes Levied Subsequent Years Total Coll. or Released Balance Receivable % Collected/Released
Debt Service Fund:
Total Taxes Levied
424,419 454,048 470,480 460,995 422,494 399,261 391,485 3,023,182
98.99% 98.84% 98.44% 98.45% 98.70% 98.88% 99.15%
98.77%
4,185
5,118
7,093
6,696
4,978
3,518
-
31,588
428,604 459,166 477,573 467,691 427,472 402,779 391,485 3,054,770
$ 135 $ 215 $ 359 $ 543 $ 605 $ 998 $ 3,357 $ 6,212
99.97% 99.95% 99.92% 99.88% 99.86% 99.75% 99.15%
99.80%
$ 21,097 $
-$
-$
-$
-$
-$
- $ 21,097
Collected or Released:
Current Year
20,872
-
-
-
-
-
-
20,872
% of Total Taxes Levied
98.93%
-
-
-
-
-
-
98.93%
Subsequent Years
219
-
-
-
-
-
-
219
Total Coll. or Released Balance Receivable % Collected/Released
Total - All Funds:
Total Taxes Levied
21,091
$
6$
99.97%
-$ 0.00%
-$ 0.00%
-$ 0.00%
-$ 0.00%
-$ 0.00%
-$ 0.00%
21,091 6
99.97%
$ 449,836 $ 459,381 $ 477,932 $ 468,234 $ 428,077 $ 403,777 $ 394,842 $ 3,082,079
Collected or Released: Current Year % of Total Taxes Levied Subsequent Years Total Coll. or Released Balance Receivable
445,291 454,048 470,480 460,995 422,494 399,261 391,485 3,044,054
98.99% 98.84% 98.44% 98.45% 98.70% 98.88% 99.15%
98.77%
4,404
5,118
7,093
6,696
4,978
3,518
-
31,807
449,695 459,166 477,573 467,691 427,472 402,779 391,485 3,075,861
$ 141 $ 215 $ 359 $ 543 $ 605 $ 998 $ 3,357 $ 6,218
% Collected/Released
99.97% 99.95% 99.92% 99.88% 99.86% 99.75% 99.15%
99.80%
Note: Seven years of data is presented because the Georgia statute of limitations for collection of delinquent taxes is seven years. Source: Cobb County Government
103
COBB COUNTY SCHOOL DISTRICT ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY LAST TEN FISCAL YEARS
amounts in thousands
$30,000,000
Property Digest Components-Assessed Value
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0 2004
2005
2006
2007
2008
2009
2010
Motor Vehicles
Public Services
Maint & Oper
2011
2012
Debt Service
2013
(amounts expressed in thousands) Net M&O
Net Bond
For Maintenance & Operations of Schools
For Debt Service of School Bonds
Fiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Personal Real Property Property $ 14,869,386 $ 1,278,400
15,849,951 1,276,988 17,288,487 1,319,018 18,981,827 1,344,532 20,510,838 1,343,632 21,420,500 1,451,112 21,007,134 1,424,923 18,958,062 1,352,078 17,573,940 1,357,140 16,898,249 1,374,209
Personal
Real Property Property
$ 16,174,359 $ 1,278,400
17,146,090 1,276,988
18,630,090 1,319,018
20,349,394 1,344,532
-
-
-
-
-
-
-
-
-
-
-
-
Public
Total Assessed
Services Motor Vehicle Value
$ 451,723 $ 1,774,879 $ 19,679,361
450,043 1,736,742 20,609,863
457,754 1,688,346 22,095,208
491,717 1,747,132 23,932,775
485,234 1,845,671 24,185,375
523,121 1,892,692 25,287,425
547,675 1,794,543 24,774,275
680,936 1,658,511 22,649,587
753,229 1,679,543 21,363,852
838,778 1,779,893 20,891,129
Direct Estimated Rate Actual Value 1.900% $ 49,198,403 1.900% 51,524,657 1.900% 55,238,019 1.900% 59,831,937 1.890% 60,463,438 1.890% 63,218,563 1.890% 61,935,688 1.890% 56,623,969 1.890% 53,409,628 1.890% 52,227,822
Note: Prior to 2008, the property digest for debt service of school bonds included properties annexed by the City of Marietta that were no longer taxed for general operations but were still taxed for unpaid school bonds issued before the date of annexation. Taxes levied for debt service were discontinued in July 2007 after bonds were fully paid in fiscal year 2007. Prior to 2008, Maintenance and Operations assessments were included in the bonds amount; therefore, in 2008 through 2012, only the M & O is reflected.
Property Taxes - Assessments are based on 40% of the appraised market value as of January 1 each year.
School tax, by law, cannot be greater than 20 mills per dollar for the support and maintenance of education.
104
COBB COUNTY SCHOOL DISTRICT DIRECT AND OVERLAPPING PROPERTY TAX RATES LAST TEN FISCAL YEARS JUNE 30, 2013
PROPERTY TAX RATES
25.00
22.50
20.00
17.50
15.00
12.50
10.00
7.50
5.00
2.50
0.00 2004
2005
2006
2007
2008
School District
2009
2010
County Government
2011
2012
2013
(all tax rates are per $1000 assessed valuation) 2004 2005
School District Maint & Operations Debt Service
19.90 0.90
19.90 0.90
Total Direct Rate
20.80 20.80
2006
19.90 0.90
20.80
2007
19.90 0.90
20.80
2008
18.90 -
18.90
2009
18.90 -
18.90
2010
18.90 -
18.90
2011
18.90 -
18.90
2012
18.90 -
18.90
2013
18.90 -
18.90
County Government General Fire District Debt Service Total County Rate
State of Georgia
Total Overlapping Rate
6.88
6.85
6.82
6.82
6.82
6.82
6.82
7.72
7.72
7.52
2.65
2.65
2.56
2.56
2.56
2.56
2.56
3.06
3.06
3.06
0.22
0.22
0.22
0.22
0.22
0.22
0.22
0.33
0.33
0.33
9.75
9.72
9.60
9.60
9.60
9.60
9.60 11.11 11.11 10.91
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.20
0.20
10.00
9.97
9.85
9.85
9.85
9.85
9.85 11.36 11.31 11.11
Additional Overlapping Rates
City of Acworth
7.45
7.37
7.87
7.68
7.60
7.60
7.60
7.60
7.60
7.60
City of Austell
3.12
3.12
3.12
3.12
3.12
3.12
3.12
3.12
4.00
4.00
City of Kennesaw
6.75
6.75
8.25
8.25
9.50
9.50
9.50
9.50
9.50
9.50
City of Powder Spgs
7.00
8.50
8.50
8.50
8.50
8.50
8.50
8.50
8.50
8.50
City of Smyrna
9.70
9.65
9.57
9.17
8.99
8.99
8.99
8.99
8.99
8.99
Sources: Cobb County Government, Georgia Department of Revenue
105
COBB COUNTY SCHOOL DISTRICT PRINCIPAL PROPERTY TAXPAYERS DECEMBER 31, 2012 AND NINE YEARS AGO (a)
Principal Property Taxpayers - 2012
7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00%
UK Lasalle Inc. CRP Walton Communities CP Venture Five, LLC Lockheed Martin Ohio Teacher's Retirement Fund SP4 Properties Cobb EMC Home Depot Georgia Power
Taxpayer Georgia Power Home Depot Cobb EMC SP4 Properties Ohio Teacher's Retirement Fund Lockheed Martin CP Venture Five, LLC Walton Communities CRP UK Lasalle Inc. Wildwood Properties Post Properties Bell South Telecommunication AMLI Land Development Crow Properties Trizechahn Properties
TOTAL
Type of Business Utilities Retail Utilities Commercial Real Estate Investment Aircraft Commercial Real Estate Real Estate Real Estate Commercial Real Estate Real Estate Real Estate Utilities Real Estate Real Estate Real Estate
December 31, 2012
Percent
of Total
Taxes
Taxes
Rank Levied
Levied
1 $ 9,060,911 2.295%
2
3,603,663 0.913%
3
2,080,314 0.527%
4
2,060,021 0.522%
5
1,840,502 0.466%
6
1,674,132 0.424%
7
1,136,319 0.288%
8
1,127,066 0.285%
9
1,061,411 0.269%
10
1,061,021 0.269%
$ 24,705,359 6.258%
December 31, 2003
Percent
of Total
Taxes
Taxes
Rank Levied
Levied
5 $ 1,755,000 0.478%
3
2,497,000 0.681%
7
1,554,000 0.424%
6
1,681,000 0.458%
1
3,920,000
2
2,902,000
4
2,307,000
8
1,365,000
9
1,220,000
10
993,000
$ 20,194,000
1.069% 0.791% 0.629% 0.372% 0.333% 0.271% 5.506%
Note: School millage rate is 62.98% of total county rate. Taxes levied are multiplied by 62.98% to arrive at amount of school taxes.
(a) Information is available only by calendar year; therefore, data reported is for December 31, 2012 and nine years earlier, December 31, 2003.
Source: Cobb County Tax Commissioner
106
COBB COUNTY SCHOOL DISTRICT LEGAL DEBT MARGIN INFORMATION LAST TEN FISCAL YEARS (amounts expressed in thousands)
Debt Limit Total debt applicable to limit
Legal Debt Margin
Total debt applicable as a percentage of debt limit
2004 $ 1,967,936
122,907
2005 $ 2,060,986
84,062
Fiscal Year 2006
$ 2,209,521
42,103
2007 $ 2,393,278
-
2008 $ 2,418,538
-
$ 1,845,029 $ 1,976,924 $ 2,167,418 $ 2,393,278 $ 2,418,538
6.25%
4.08%
1.91%
-
-
Debt Limit Total debt applicable to limit
Legal Debt Margin
Total debt applicable as a percentage of debt limit
2009 $ 2,528,743
2010 $ 2,477,428
Fiscal Year 2011
$ 2,264,959
2012 $ 2,136,385
2013 $ 2,089,113
-
-
-
-
-
$ 2,528,743 $ 2,477,428 $ 2,264,959 $ 2,136,385 $ 2,089,113
-
-
-
-
-
Source: District Records
107
COBB COUNTY SCHOOL DISTRICT LEGAL DEBT MARGIN INFORMATION FISCAL YEAR 2013
Legal Debt Information - Fiscal Year 2013
$0
$2,089,112,900
Total Amount of Debt Applicable to Debt Limit Legal Debt Margin
Net Assessed Valuation, Cobb County School District, January 1, 2012
Debt Limit - 10% of Assessed Value Amount of Debt Applicable to Debt Limit:
Total Bonded Debt
Total Amount of Debt Applicable to Debt Limit Legal Debt Margin
Source: District Records
108
$
20,891,129,000
$
2,089,112,900
$
-
$
-
$
2,089,112,900
COBB COUNTY SCHOOL DISTRICT RATIOS OF OUTSTANDING DEBT BY TYPE LAST TEN FISCAL YEARS
Debt Per Capita
$250
$200
$150
$100
$50
$2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
(amounts expressed in thousands, except per capita)
Total
General
Primary
Fiscal Obligation
Capital
Government
Year
Bonds
Leases
Debt
Annual Personal Income
2004 $ 128,870 $
2005
87,440
2006
44,780
2007
-
12,377 $ 8,140 4,239 9,186
141,247 $ 95,580 49,019 9,186
24,751,647 26,371,168 28,060,168 29,527,141
2008
-
7,376
7,376
31,260,457
2009
-
-
-
30,899,585
2010
-
-
-
30,271,983
2011
-
-
-
32,033,629
2012
-
-
-
N/A
2013
-
-
-
N/A
Population
574,968 586,245 596,736 606,706 615,377 617,750 618,206 633,084 642,143 649,141
Debt as a Percentage of Personal
Income
0.57% 0.36% 0.17% 0.03% 0.02%
-
Total Debt Per Capita
$
246
163
82
15
12
-
-
-
-
-
Notes: Details regarding the District's outstanding debt can be found in the notes to the basic financial statements. Population of 649,141 provided by the Atlanta Regional Commission and excludes the City of Marietta. N/A = Data not available from source at time of printing
Sources: District Records, US Department of Commerce Bureau of Economic Analysis
109
COBB COUNTY SCHOOL DISTRICT RATIO OF NET GENERAL BONDED DEBT TO ESTIMATED ACTUAL VALUE AND NET BONDED DEBT PER CAPITA LAST TEN FISCAL YEARS
0.30% 0.25% 0.20%
Ratio of Net Bonded Debt to Estimated Actual Value
0.15% 0.10%
0.05%
0.00% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Fiscal Year
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Population
574,968 $ 586,245 596,736 606,706 615,377 617,750 618,206 633,084 642,143 649,141
Estimated Actual Value
49,198,403,000 $ 51,524,657,000 55,238,019,000 59,831,937,000 60,463,438,000 63,218,563,000 61,935,688,000 56,623,969,000 53,409,628,000 52,227,822,000
Gross Bonded Debt
Restricted for Bonded
Debt
128,870,000 $ 87,440,000
5,963,000 $ 3,220,000
44,780,000 -
2,538,000 2,599,000 1,826,000 1,523,000 1,356,000
-
Note: All general obligation bonds were retired in fiscal year 2007.
Sources: District Records, Cobb County Tax Commissioner. Population provided by Atlanta Regional Commission and excludes the City of Marietta.
Net Bonded
Debt
Ratio of Net Net Bonded Debt Bonded
to Est. Debt Per Actual Value Capita
122,907,000 84,220,000
0.25% $ 214 0.16% 144
42,242,000
0.08%
71
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
110
COBB COUNTY SCHOOL DISTRICT COMPUTATION OF DIRECT AND OVERLAPPING GENERAL OBLIGATION DEBT JUNE 30, 2013
Direct and Overlapping Debt Per Capita
$0
$47
Direct: Cobb County Schools Indirect: Cobb County Government
Direct General Obligation Debt: Gross Bonded Debt
Overlapping General Obligation Debt: Cobb County Government (92% of $33,375,000)
Total Direct and Overlapping General Obligation Debt
Debt Per Capita:* Direct General Obligation Debt Overlapping General Obligation Debt Total
$
-
$
$ 30,705,000 $
$
$ $
-
30,705,000 30,705,000
47 47
*Population of 649,141 from Atlanta Regional Commission (less estimated population for City of Marietta).
Note: The overlap percentage is determined by the percentage of Fire District to Debt Service Fund of Cobb County Government.
111
COBB COUNTY SCHOOL DISTRICT COBB COUNTY DEMOGRAPHIC AND ECONOMIC STATISTICS LAST TEN FISCAL YEARS
Cobb County Population Growth
725,000
700,000
675,000
650,000
625,000
600,000
575,000
550,000
525,000
500,000
475,000
450,000 2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Fiscal Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Personal
Income
Population (In Thousands)
630,600 $ 23,589,661
632,900 24,751,647
643,700 26,371,168
654,900 28,060,168
664,700 29,527,141
674,200 31,260,457
676,800 30,899,585
677,300 30,271,983
699,500 32,033,629
707,500
N/A
Average/
Per Capita Median
Personal Household
Income Income
$ 37,408 $ 62,511
39,108 61,087
40,968 62,423
42,846 61,682
44,422 64,817
46,367 70,472
45,655 63,514
43,888 59,896
45,923 57,995
N/A
65,423
Median Age 33.4 34.4 34.9 35.6 35.9 36.2 34.8 35.4 35.6 35.4
Student Enrollment
97,294 101,141 103,285 105,482 106,572 106,056 105,742 106,836 106,502 107,914
Unemployment
Rate 4.7% 4.5% 4.8% 4.1% 3.8% 5.6% 8.8% 9.7% 8.9% 8.0%
Sources:
Population from Atlanta Regional Commission, includes City of Marietta.
Personal Income from Bureau of Economic Analysis (2012 data unavailable at time of report printing).
Unemployment Rate from Georgia Department of Labor.
Average/Median Household Income from Atlanta Regional Commission (2003-05) and US Census
Bureau (2006-13; Census Bureau reports only Median Income)
.
Median Age from US Census Bureau.
112
COBB COUNTY SCHOOL DISTRICT PRINCIPAL EMPLOYERS CURRENT YEAR AND NINE YEARS AGO (a)
Principal Employers - 2012
80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000
-
Walmart Kroger Company Dobbins Air Force Base Publix Super Markets Cobb County Government Kennesaw State University Lockheed Martin Corp Wellstar Health System Cobb County School District Home Depot
Employer Home Depot Cobb County School District Wellstar Health System Lockheed Martin Corp Kennesaw State University Cobb County Government Publix Super Markets Dobbins Air Force Base Kroger Company Walmart Six Flags Over Georgia Sprint PCS
Total
Rank 1 2 3 4 5 6 7 8 9 10
2012
Employees 20,000 14,107 12,746 6,900 4,404 4,210 2,988 2,547 2,383 2,258 -
Percentage of Total County
Employment 5.71% 4.03% 3.64% 1.97% 1.26% 1.20% 0.85% 0.73% 0.68% 0.64% -
Rank 2 1 4 3 7 5 6
9
8 10
2003
Employees 8,367
13,788 7,511 7,816 2,646 4,551 3,950 2,025 2,600 2,000
Percentage of Total County
Employment 2.61% 4.30% 2.34% 2.44% 0.83% 1.42% 1.23% 0.63% 0.81% 0.62%
72,543
20.71%
55,254
17.23%
(a) Information is available by calendar year; therefore, data reported is for years ended December 31, 2012 and nine years earlier, December 31, 2003.
Sources:
District Records Cobb County Government Cobb Chamber of Commerce Georgia Department of Labor
113
COBB COUNTY SCHOOL DISTRICT COMPARISON OF METROPOLITAN ATLANTA SCHOOL DISTRICT PROPERTY TAX RATES JUNE 30, 2013
Metro Atlanta School District Tax Rates
Tax Rate
25.000
20.000
15.000
10.000
5.000
0.000
Atlanta Clayton Cobb City County County
Dekalb Douglas Fulton Gwinnett Marietta Rockdale County County County County City County
Debt Service
M & O
(all tax rates are per $1000 assessed valuation)
School District Atlanta City Clayton County Cobb County Dekalb County Douglas County Fulton County Gwinnett County Marietta City Rockdale County
Total Rate 21.740 20.000 18.900 23.980 21.950 18.502 20.550 19.157 24.500
Source: Georgia Department of Revenue
Maintenance & Operations
21.640 20.000 18.900 23.980 19.850 18.502 19.250 19.157 24.500
Debt Service 0.100 0.000 0.000 0.000 2.100 0.000 1.300 0.000 0.000
114
COBB COUNTY SCHOOL DISTRICT COBB COUNTY BANK DEPOSITS, CONSTRUCTION AND TAXABLE PROPERTY VALUES LAST TEN FISCAL YEARS
dollars in millions
$1,400
Cobb County New Construction
$1,200
$1,000
$800
$600
$400
$200
$0 2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
(dollars expressed in millions)
Fiscal Year
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Bank Deposits (a)
$ 7,093 8,074 9,017 9,891
10,659 10,542
9,468 9,490 10,103 10,269
Single-Family
Residences (b)
Number
Market
of Units
Value
2,520 $ 443
2,737
617
2,655
636
2,082
521
1,276
332
510
118
434
99
491
114
597
161
981
279
Total New
Construction (b)
Number
Market
of Permits
Value
8,790 9,727 10,286
$ 859 1,175 1,262
10,232 9,687 7,019 5,102 5,594 5,587 6,246
1,029 838 572 349 410 656 694
Estimated Actual Value
of Taxable Property (c)
$
49,198
51,525
55,238
59,832 60,463 63,206 61,936 56,624 53,410 52,227
(a) Bank deposits are supplied by the Federal Deposit Insurance Corporation (FDIC). (b) Residential and total new construction data is supplied by Cobb County Government Community Development Agency. (c) Source is Cobb County Tax Commissioner.
115
COBB COUNTY SCHOOL DISTRICT PROPERTY DIGEST REDUCTIONS DUE TO EXEMPTIONS LAST TEN FISCAL YEARS
amounts in thousands
$30,000,000
Digest Reductions Compared to Gross Property Digest
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Gross Property Digest
Personal Property Exemption
Elderly Exemption
Homestead Exemption
(amounts expressed in thousands)
Fiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Homestead Exemption $ 1,161,646
1,171,954 1,176,070 1,170,390 1,166,776 1,165,038 1,160,256 1,133,942 1,086,141 1,041,831
Elderly Exemption $ 1,844,603
2,044,811 2,355,408 2,612,133 2,921,905 3,115,732 3,374,955 3,308,523 3,305,864 3,299,172
Disabled Residents Exemption $ 15,650
15,894 15,610 14,708 14,666 15,099 15,389 15,208 14,608 15,660
Personal Property Exemption $ 734,092
973,480 1,078,322 1,182,458 1,264,100 1,086,274 1,159,876 1,501,213 1,274,139 1,175,141
Conservation Exemption $ 67,233 68,447 83,016 85,575 83,478 80,282 82,041 66,204 53,464 52,676
Total Digest Reductions $ 3,823,224 4,274,586 4,708,426 5,065,264 5,450,925 5,462,425 5,792,517 6,025,090 5,734,216 5,584,480
Gross Property
Digest $ 19,679,361
20,609,863 22,095,208 23,932,775 24,185,375 25,287,425 24,774,275 22,649,587 21,363,851 20,891,129
Reductions as Percent of Gross
Digest 19.43% 20.74% 21.31% 21.16% 22.54% 21.60% 23.38% 26.60% 26.84% 26.73%
Source: Cobb County Tax Commissioner
116
COBB COUNTY SCHOOL DISTRICT NUMBER OF PERSONNEL AND RATIO OF PUPILS TO PROFESSIONAL PERSONNEL LAST TEN FISCAL YEARS
Ratio of Pupils to Professional Personnel
14.0
13.0
12.0
11.0
10.0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Fiscal Year
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Professional Personnel (a)
8,431 8,024 8,508 9,313 9,101 9,213 9,272 8,378 8,290 8,008
Other Operating Personnel (b)
2,711 2,742 2,961 3,138 3,379 3,391 3,046 2,841 2,970 2,896
Service Personnel (c)
2,115 2,286 2,335 2,478 2,972 3,049 2,994 2,857 2,847 2,813
Total Personnel
13,257 13,052 13,804 14,929 15,452 15,653 15,312 14,076 14,107 13,717
Average Daily
Enrollment
101,584 103,061 104,901 107,082 106,734 106,256 106,835 106,868 106,944 108,240
Ratio of Pupils to Professional Personnel
12.0 to 1 12.8 12.3 11.5 11.7 11.5 11.5 12.8 12.9 13.5
(a) Professional personnel consists of all certified personnel including teachers, librarians, counselors, supervisors, consultants, coordinators, principals, assistant principals and other leadership personnel.
(b) Other operating personnel includes non-certified leadership personnel, classroom aides, secretarial and clerical employees, and other technicians.
(c) Service personnel includes food service personnel, custodial employees, bus drivers and maintenance/warehouse
Source: District Records 117
COBB COUNTY SCHOOL DISTRICT OPERATING STATISTICS LAST TEN FISCAL YEARS
Cost Per Pupil Enrolled
$10,500
$10,000
$9,500
$9,000
$8,500
$8,000
$7,500
$7,000 2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Fiscal Year
Expenses
Average Daily
Enrollment
Cost Per Pupil Enrolled
Percentage of
Change
Professional Personnel
2004 2005 2006 2007 2008 2009 2010 2011
$ 882,460,000 902,803,000 971,091,000
1,032,486,000 1,102,462,000 1,107,315,000 1,088,975,000 1,050,373,000
101,584 103,061 104,901 107,082 106,734 106,256 106,835 106,868
$ 8,687 8,760 9,257 9,642
10,329 10,421 10,193
9,829
0.84% 5.68% 4.16% 7.13% 0.89% -2.19% -3.57%
8,431 8,024 8,508 9,313 9,101 9,213 9,272 8,378
2012
1,074,140,000 106,944
10,044
2.19%
8,290
2013
1,068,484,000 108,240
9,871
-1.72%
8,008
Ratio of Pupils to Professional Personnel
12.0 to 1 12.8 12.3 11.5 11.7 11.5 11.5 12.8 12.9 13.5
Note: Professional personnel consists of all certified personnel including teachers, librarians, counselors, supervisors consultants, coordinators, principals, assistant principals and other leadership personnel.
Source: District Records
118
COBB COUNTY SCHOOL DISTRICT GENERAL FUND EXPENDITURES BY FUNCTION LAST TEN FISCAL YEARS
amounts in thousands $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 2004 2005 2006 2007 2008 2009 2010 Other Capital Outlay Business Serv. School & Admin.
2011 2012 Pupil Services
2013 Instruction
(amounts expressed in thousands)
Fiscal
Pupil
Year Instruction Services
School & Administrative
Services
Business Services
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
537,955 538,858 568,611 650,506 711,160 703,297 671,102 635,497 641,662 632,579
12,975 12,698 15,414 16,894 18,716 19,566 18,513 16,755 17,330 17,502
69,132 70,601 74,866 80,690 83,620 85,445 74,888 72,761 78,172 77,821
74,891 78,343 86,146 92,320 100,139 101,253 97,049 93,103 93,237 100,191
Capital Outlay
20,860 5,217 5,581 9,232
15,970 14,977
1,484 3,522 9,214 6,659
Other
4,039 4,340 4,063 5,536 2,085 7,676
-
Instruction includes expenditures for Instruction and Instructional Services. Business Services includes expenditures for Student Transportation and Maintenance & Operations. Other includes expenditures for Debt Service and Other Expenditures.
Total
719,852 710,057 754,681 855,178 931,690 932,214 863,036 821,638 839,615 834,752
Source: District Records
119
COBB COUNTY SCHOOL DISTRICT GENERAL FUND REVENUES BY SOURCE LAST TEN FISCAL YEARS
amounts in thousands
$900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000 $200,000 $100,000
Other Interest Intergovernmental Local Taxes
$0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
(amounts expressed in thousands)
Fiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Local Taxes $ 364,523
377,772 408,599 441,716 460,537 475,294 462,518 427,174 408,123 397,592
Intergovernmental
$
349,528
340,185
381,436
422,286
449,098
404,313
404,856
431,352
391,997
415,168
Interest Income
$
2,659
5,193
9,714
12,150
9,843
4,497
2,475
2,410
1,981
1,562
Other $ 1,485
770 900 799 1,082 2,276 1,830 1,091 1,092 2,406
Total $ 718,195
723,920 800,649 876,951 920,560 886,380 871,679 862,027 803,193 816,728
Other includes Tuition & Fees, Insurance & Damage Recoveries, Rentals and Other Revenues. Source: District Records
120
COBB COUNTY SCHOOL DISTRICT RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR GENERAL BONDED DEBT TO TOTAL GENERAL EXPENDITURES LAST TEN FISCAL YEARS
Ratio of Annual Debt Service Expenditures for General Bonded Debt to Total General Expenditures
7%
6%
5%
4%
3%
2%
1%
0% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Fiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Debt Service Fund
Expenditures
$
45,835,000
45,197,000
46,158,000
46,571,000
-
-
-
-
-
-
General Fund
Expenditures
$
719,852,000
710,057,000
754,681,000
855,178,000
931,690,000
932,214,000
863,036,000
821,638,000
839,615,000
834,752,000
Note: Debt Service was fully paid by the end of fiscal year 2007.
Source: District Records
121
Ratio of Debt Service Fund to General Fund
Expenditures 6.37% 6.37% 6.12% 5.45% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
COBB COUNTY SCHOOL DISTRICT RESULTS OF ALL BOND AND SALES TAX REFERENDUMS 1950 TO PRESENT
Percentage of Voters Approving Referendums
90% 80% 70% 60% 50% 40% 30% 20% 10%
0% 1950 1957 1961 1962 1964 1969 1973 1977 1979 1981 1985 1987 1989 1991 1995 1997 1998 2003 2008 2013
Referendums:
Year Amount
1950 $ 1,500,000
1957
1,750,000
1961
2,500,000
1962
3,000,000
1964
4,000,000
1969
15,000,000
1973
16,500,000
1977
22,000,000
1979
20,000,000
1981
8,000,000
1985
27,000,000
1987
58,500,000
1989
59,500,000
1991
39,600,000
1995 220,865,000
1997 609,200,000
1998 626,773,000
2003 636,504,000
2008 797,657,000
2013 717,845,000
Maturity 1970 1977 1980 1983 1994 1990 1994 1996 1997 1997 1997 2001 2002 2004 2007 2002 2003 2008 2013 2018
Action Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Failed Passed Passed Passed Passed
Pro 2,907 2,023 3,187 2,816 2,942 7,769 7,405 10,694 9,725 9,858 24,476 10,716 15,510 20,197 18,140 14,204 36,433 36,078 21,873 23,273
Con 841 562 868 986
1,629 2,922 5,165 4,241 7,611 7,511 11,481 2,573 2,311 6,409 13,124 18,820 26,403 10,262 14,137 17,325
Void 17 31 38 36 63 5 10 22
219 103
65 126 268 142 177 545
44
Total Votes
3,765 2,616 4,093 3,838 4,634 10,696 12,580 14,957 17,555 17,472 35,957 13,354 17,947 26,874 31,406 33,201 63,381 46,340 36,010 40,642
Approval Percentage
77.56% 78.26% 78.59% 74.07% 64.36% 72.67% 58.91% 71.60% 56.10% 56.76% 68.07% 80.64% 87.03% 75.91% 58.02% 43.01% 57.98% 77.85% 60.74% 57.33%
Note: 1997, 1998, 2003, 2008 and 2013 referendums were for a 1% local option sales tax with the amounts shown representing an estimate of collections for the full five year life of the tax. All other referendums were for bond issues. Source: Cobb County Board of Elections.
122
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
2004
Acworth Intermediate (2001)
Square Feet
131,924
Capacity
962
Enrollment
1,065
Addison (1989)
Square Feet
72,192
Capacity
637
Enrollment
572
Argyle (1961)
Square Feet
61,503
Capacity
562
Enrollment
625
Austell (2005) (formerly Austell Primary)
Square Feet
-
Capacity
-
Enrollment
-
Baker (1988)
Square Feet
106,668
Capacity
962
Enrollment
769
Bells Ferry (1963)
Square Feet
54,862
Capacity
462
Enrollment
471
Belmont Hills (1952)
Square Feet
67,106
Capacity
562
Enrollment
396
Big Shanty (1968)
Square Feet
83,417
Capacity
837
Enrollment
784
Birney (1973)
Square Feet
106,180
Capacity
912
Enrollment
805
Blackwell (1998)
Square Feet
111,299
Capacity
837
Enrollment
753
Brown (1955)
Square Feet
49,828
Capacity
412
Enrollment
256
Brumby (1966)
Square Feet
99,181
Capacity
912
Enrollment
825
Bryant (1991)
Square Feet
114,090
Capacity
962
Enrollment
1,126
Bullard (2003)
Square Feet
136,261
Capacity
962
Enrollment
1,013
Chalker (1997)
Square Feet
124,148
Capacity
962
Enrollment
889
Cheatham Hill (1997)
Square Feet
122,260
Capacity
937
Enrollment
1,035
2005
131,924 962
1,139
72,192 637 564
61,503 562 738
-
106,668 962 768
54,862 462 520
67,106 562 371
83,417 837 740
106,180 912 864
111,299 837 727
49,828 412 256
99,181 912 850
114,090 962
1,197
136,261 962
1,129
124,148 962 931
122,260 937
1,013
2006
131,924 962 746
81,334 637 559
61,503 562 757
85,236 512 332
106,668 962 738
54,862 462 599
67,106 562 581
83,417 837 742
106,180 912 876
111,299 837 736
49,828 412 257
99,181 912 914
114,090 962 952
136,261 962
1,197
124,148 962 975
122,260 937
1,060
2007
131,924 962 757
81,334 637 563
61,503 562 763
85,236 512 350
106,668 962 811
54,862 462 618
67,106 562 663
83,417 837 783
106,180 912 923
111,299 837 766
49,828 412 256
99,181 912 865
114,090 962 912
136,261 962
1,188
124,148 962 956
122,260 937
1,112
2008
2009
2010
2011
131,924 962 808
81,334 637 591
61,503 562 666
85,236 512 324
106,668 962 772
54,862 462 621
67,106 562 656
83,417 837 785
106,180 912 863
111,299 837 723
49,828 412 246
99,181 912 802
114,090 962 818
136,261 962
1,234
124,148 962 885
122,260 937
1,105
131,924 962 870
81,334 637 583
61,503 562 654
85,236 512 326
106,668 962 806
54,862 462 580
67,106 562 612
83,417 837 851
106,180 912 751
111,299 837 710
49,828 412 264
99,181 912 860
114,090 962 797
136,261 962
1,109
124,148 962 838
122,260 937
1,090
131,924 962 853
81,334 637 557
61,503 562 662
85,236 512 309
106,668 962 819
54,862 462 586
67,106 562 619
83,417 837 859
106,180 912 710
111,299 837 722
49,828 412 292
99,181 912 954
114,090 962 802
136,261 962
1,046
124,148 962 849
122,260 937
1,084
131,924 962 830
81,334 637 587
61,503 562 652
85,236 512 320
106,668 962 809
54,862 462 604
67,106 562 534
83,417 837 825
106,180 912 750
111,299 837 735
49,828 412 297
99,181 912 963
114,090 962 771
136,261 962 997
124,148 962 816
122,260 937
1,115
2012
131,924 913 821
81,334 662 594
56,238 537 647
85,236 562 314
106,694 987 789
83,098 712 590
68,409 562 496
84,461 837 789
105,886 912 755
111,299 837 703
49,828 412 302
99,181 912 952
116,071 962 825
136,261 987 971
124,148 963 743
137,108 1,063 1,123
2013
131,924 913 832
81,334 662 596
56,238 537 641
85,236 562 470
106,694 987 761
83,098 712 585
68,409 562 481
84,461 837 759
105,886 912 768
111,299 837 703
49,828 412 285
99,181 912
1,000
116,071 962 962
136,261 987 933
124,148 963 683
137,108 1,063 1,149
123
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
2004
Clarkdale (1963) (a)
Square Feet
44,412
Capacity
362
Enrollment
446
Clarkdale Replacement (2012)
Square Feet
-
Capacity
-
Enrollment
-
Clay (1961)
Square Feet
51,930
Capacity
437
Enrollment
480
Compton (1969)
Square Feet
100,586
Capacity
912
Enrollment
720
Davis (1987)
Square Feet
87,763
Capacity
787
Enrollment
634
Dowell (1989)
Square Feet
106,003
Capacity
962
Enrollment
897
Due West (1957)
Square Feet
47,350
Capacity
437
Enrollment
500
East Side (1952)
Square Feet
77,918
Capacity
787
Enrollment
830
East Side Replacement (2011)
Square Feet
-
Capacity
-
Enrollment
-
Eastvalley (1960)
Square Feet
58,150
Capacity
562
Enrollment
548
Fair Oaks (1957)
Square Feet
60,283
Capacity
718
Enrollment
692
Ford (1991)
Square Feet
91,129
Capacity
837
Enrollment
951
Frey (1996)
Square Feet
124,148
Capacity
962
Enrollment
918
Garrison Mill (1984)
Square Feet
85,775
Capacity
687
Enrollment
617
Green Acres (1996)
Square Feet
90,915
Capacity
687
Enrollment
874
Harmony Leland (1951)
Square Feet
68,564
Capacity
357
Enrollment
554
2005
44,412 362 459
-
51,930 437 475
100,586 912 692
87,763 787 619
106,003 962 988
47,350 437 461
77,918 787 831
-
58,150 562 565
84,153 812 707
91,129 837 979
124,148 962 921
85,775 687 613
90,915 687 833
68,564 357 568
2006
44,412 362 480
-
51,930 437 515
100,586 912 690
87,763 787 608
106,003 962
1,003
47,350 437 478
77,918 787 870
-
58,150 562 614
84,153 812 747
91,129 837
1,021
124,148 962 938
85,775 687 618
90,915 687 695
85,764 512 583
2007
44,412 362 455
-
51,930 437 491
100,586 912 698
87,763 787 632
106,003 962
1,054
47,350 437 435
77,918 787 982
-
58,150 562 569
98,789 862 894
91,129 837
1,061
124,148 962 897
85,775 687 645
90,915 687 673
85,764 512 558
2008
2009
2010
2011
44,412 362 464
-
51,930 437 528
100,586 912 541
87,763 787 581
106,003 962
1,087
71,112 612 459
77,918 787 961
-
58,150 562 550
98,789 862 825
91,129 837
1,027
124,148 962 830
85,775 687 705
90,915 687 653
85,764 512 475
44,412 362 440
-
51,930 437 536
100,586 912 516
87,763 787 558
106,003 962
1,061
71,112 612 497
77,918 787 990
-
58,150 562 556
98,789 862 806
91,129 837 884
124,148 962 621
85,775 687 699
90,915 687 658
85,764 512 517
407
-
51,930 437 535
100,586 912 485
87,763 787 557
106,003 962 996
71,112 612 538
77,918 787
1,031
-
58,150 562 619
98,789 862 839
91,129 837 863
124,148 962 670
85,775 687 724
90,915 687 712
85,764 512 544
394
-
51,930 437 543
100,586 912 485
87,763 787 540
106,003 962
1,019
71,112 612 536
77,918 787
1,059
-
58,150 562 622
98,789 862 824
91,129 837 831
124,148 962 677
85,775 687 706
90,915 687 738
85,764 512 582
2012
2013
-
-
-
-
391
-
-
129,988
-
862
-
587
55,412 437 510
55,412 437 351
99,427 937 453
99,427 937 556
86,131 788 543
86,131 788 559
106,003 963 980
106,003 963 968
70,367 587 553
70,367 587 547
-
-
-
-
-
-
149,764 1,087 1,119
149,764 1,087 1,221
60,029 562 638
60,029 562 661
97,993 863 837
97,993 863 831
91,129 862 753
91,129 862 713
125,717 963 693
125,717 963 737
85,775 688 723
85,775 688 716
90,915 688 785
90,915 688 866
65,127 512 591
65,127 512 678
Continued---
124
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
2004
2005
Hayes (1993)
Square Feet
117,579
117,579
Capacity
962
962
Enrollment
952
995
Hendricks (2001) (formerly Austell Intermediate)
Square Feet
123,000
123,000
Capacity
962
962
Enrollment
841
847
Hollydale (1968)
Square Feet
89,995
89,995
Capacity
812
812
Enrollment
847
854
Keheley (1986)
Square Feet
68,030
68,030
Capacity
587
587
Enrollment
559
547
Kemp (2002)
Square Feet
123,000
123,000
Capacity
962
962
Enrollment
891
868
Kennesaw (1991)
Square Feet
113,828
113,828
Capacity
962
962
Enrollment
773
868
Kincaid (1972)
Square Feet
81,752
81,752
Capacity
762
762
Enrollment
603
606
King Springs (1956)
Square Feet
58,785
58,785
Capacity
562
562
Enrollment
594
589
LaBelle (1955)
Square Feet
58,505
58,505
Capacity
537
537
Enrollment
504
497
Lewis (1986)
Square Feet
106,218
106,218
Capacity
946
946
Enrollment
1,006
1,074
Mableton (1950)
Square Feet
47,426
47,426
Capacity
412
412
Enrollment
466
483
Mableton Replacement (2012)
Square Feet
-
-
Capacity
-
-
Enrollment
-
-
McCall Primary (2005)
Square Feet
-
-
Capacity
-
-
Enrollment
-
-
Milford (1954)
Square Feet
64,168
64,168
Capacity
612
612
Enrollment
578
601
Mount Bethel (1978)
Square Feet
105,016
105,016
Capacity
912
912
Enrollment
983
946
Mountain View (1986)
Square Feet
102,725
102,725
Capacity
862
862
Enrollment
793
785
2006
117,579 962
1,139
123,000 962 599
89,995 812 875
68,030 587 542
123,000 962 904
113,828 962 960
81,752 762 615
58,785 562 606
58,505 537 481
115,363 962
1,101
47,426 412 461
-
88,217 512 409
64,168 612 576
105,016 912 933
102,725 862 770
2007
117,579 962
1,091
123,000 962 633
89,995 812 859
68,030 587 516
123,000 962 896
113,828 962 893
81,752 762 605
58,785 562 622
80,655 687 475
115,363 962
1,153
47,426 412 429
-
88,217 512 486
69,776 612 647
105,016 912 962
102,725 862 794
2008
2009
2010
2011
117,579 962
1,080
123,000 962 618
89,995 812 841
68,030 587 513
123,000 962 913
113,828 962 952
81,752 762 614
58,785 562 583
80,655 687 475
115,363 962
1,124
47,426 412 407
-
88,217 512 469
69,776 612 653
105,016 912 960
102,725 862 819
117,579 962
1,061
123,000 962 598
89,995 812 781
68,030 587 488
123,000 962 902
113,828 962 906
81,752 762 660
58,785 562 587
80,655 687 484
115,363 962 910
47,426 412 417
-
88,217 512 451
69,776 612 624
105,016 912
1,002
102,725 862 829
117,579 962
1,116
123,000 962 576
89,995 812 764
68,030 587 465
123,000 962 926
113,828 962 915
81,752 762 675
58,785 562 617
80,655 687 486
115,363 962 885
47,426 412 399
-
88,217 512 459
69,776 612 650
105,016 912
1,029
102,725 862 833
117,579 962
1,078
123,000 962 565
89,995 812 727
68,030 587 468
123,000 962 931
113,828 962 848
81,752 762 687
58,785 562 676
80,655 687 449
115,363 962 885
47,426 412 437
-
88,217 512 506
69,776 612 635
105,016 912 996
102,725 862 848
2012
119,189 962
1,020
123,025 962 603
89,012 862 735
70,537 588 470
123,000 962 929
116,400 962 824
83,969 762 670
59,658 587 692
82,912 688 456
115,363 962 800
47,426 412 457
-
88,158 562 451
73,352 612 658
110,096 937
1,006
102,725 887 853
2013
119,189 962 985
123,025 962 584
89,012 862 693
70,537 588 473
123,000 962 964
116,400 962 714
83,969 762 730
59,658 587 792
82,912 688 476
115,363 962 749
-
148,523 962 943
88,158 562 431
73,352 612 559
110,096 937 984
102,725 887 840
125
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
2004
Murdock (1975) Square Feet Capacity Enrollment
Nicholson (1990) Square Feet Capacity Enrollment
Nickajack (1998) Square Feet Capacity Enrollment
Norton Park (1961) Square Feet Capacity Enrollment
Pickett's Mill (2008) Square Feet Capacity Enrollment
Pitner (2003) Square Feet Capacity Enrollment
Powder Springs (1988) Square Feet Capacity Enrollment
Powers Ferry (1951) Square Feet Capacity Enrollment
Riverside Primary (2005) Square Feet Capacity Enrollment
Riverside Intermediate (2001) Square Feet Capacity Enrollment
Rocky Mount (1977) Square Feet Capacity Enrollment
Russell (1961) Square Feet Capacity Enrollment
Sanders (1997) Square Feet Capacity Enrollment
Sedalia Park (1956) Square Feet Capacity Enrollment
Shallowford Falls (1990) Square Feet Capacity Enrollment
Sky View (1957) (b) Square Feet Capacity Enrollment
85,542 687 812
75,800 637 580
114,350 837 779
66,603 612 795
-
135,800 962 960
101,870 887 998
56,104 462 490
-
123,000 962 889
78,720 587 600
63,212 612 653
116,302 862 926
84,051 787 756
73,600 612 676
50,270 462 414
2005
85,542 687 816
75,800 637 573
114,350 837 810
66,603 612 763
-
135,800 962
1,038
101,870 887 972
56,104 462 456
-
123,000 962 791
78,720 587 593
63,212 612 662
116,302 862 941
84,051 787 771
73,600 612 656
50,270 462 430
2006
85,442 687 845
75,800 637 563
114,350 837 828
66,603 612 806
-
135,800 962
1,083
101,870 887 922
56,104 462 452
85,236 512 434
123,000 962 791
78,720 587 608
63,212 612 674
116,302 862 867
84,051 787 791
73,600 612 641
50,270 462 468
2007
123,233 962 836
75,800 637 541
114,350 837 785
87,301 787 750
-
135,800 962
1,049
101,870 887 936
56,104 462 470
85,236 512 545
123,000 962 838
78,720 587 597
101,862 962 651
116,302 862 889
101,125 887 752
112,947 962 654
50,270 462 448
2008
2009
2010
2011
123,233 962 846
75,800 637 511
114,350 837 670
87,301 787 678
-
135,800 962
1,054
101,870 887 891
56,104 462 472
85,236 512 516
123,000 962 819
78,720 587 591
101,862 962 655
116,302 862 894
101,125 887 746
112,947 962 663
50,270 462 387
123,233 962 875
75,800 637 521
114,350 837 725
87,301 787 764
136,261 962 724
135,800 962 971
101,870 887 892
56,104 462 477
85,236 512 440
123,000 962 777
78,720 587 606
101,862 962 687
116,302 862 936
101,125 887 799
112,947 962 695
50,270 462 409
123,233 962 861
75,800 637 527
114,350 837 815
87,301 787 674
136,261 962 742
135,800 962 977
101,870 887 866
56,104 462 483
85,236 512 465
123,000 962 841
78,720 587 592
101,862 962 725
116,302 862 926
101,125 887 782
112,947 962 710
50,270 462 399
123,233 962 823
75,800 637 497
114,350 837 904
87,301 787 730
136,261 962 717
135,800 962 945
101,870 887 811
56,104 462 490
85,236 512 491
123,000 962 871
78,720 587 629
101,862 962 703
116,302 862 872
101,125 887 804
112,947 962 690
50,270 462 373
2012
2013
123,233 962 825
123,233 962 830
75,800 637 513
75,800 637 511
122,342 937 960
122,342 937
1,055
87,935 837 708
87,935 837 788
139,090 963 707
139,090 963 723
136,261 962 942
136,261 962 937
101,870 888 802
101,870 888 783
59,190 462 468
59,190 462 467
85,236 562 561
85,236 562 681
123,000 962 925
123,000 962
1,107
71,408 612 613
71,408 612 614
103,369 962 693
103,369 962 728
116,302 862 903
116,302 862 829
99,735 888 816
99,735 888 828
112,620 962 674
112,620 962 658
50,270
-
462
-
400
-
Continued---
126
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
Sope Creek (1978) Square Feet Capacity Enrollment
Still (1978) Square Feet Capacity Enrollment
Teasley (1961) Square Feet Capacity Enrollment
Timber Ridge (1990) Square Feet Capacity Enrollment
Tritt (1979) Square Feet Capacity Enrollment
Varner (1990) Square Feet Capacity Enrollment
Vaughan (1996) Square Feet Capacity Enrollment
Awtrey (1965) Square Feet Capacity Enrollment
Barber (2005) Square Feet Capacity Enrollment
Campbell (1951) Square Feet Capacity Enrollment
Cooper (2001) Square Feet Capacity Enrollment
Daniell (1966) Square Feet Capacity Enrollment
Dickerson (1981) Square Feet Capacity Enrollment
Dodgen (1975) Square Feet Capacity Enrollment
Durham (1998) Square Feet Capacity Enrollment
East Cobb (1963) Square Feet Capacity Enrollment
2004
106,348 962
1,135
82,687 612 594
56,810 462 560
73,450 587 519
109,912 937 853
109,827 962 793
122,260 937
1,092
143,704 1,012 1,473
-
176,241 1,337 1,185
175,345 1,162 1,034
141,419 1,087 923
157,333 1,097 1,483
111,484 741 843
173,487 1,162 1,662
165,237 1,162 1,273
2005
106,348 962
1,104
82,687 612 579
56,810 462 585
73,450 587 513
109,912 937 849
109,827 962 834
122,260 937
1,095
143,704 1,012 1,594
-
176,241 1,337 1,251
175,345 1,162 1,069
141,419 1,087 954
157,333 1,097 1,409
111,484 741 841
173,487 1,162 1,676
165,237 1,162 1,289
2006
106,348 962
1,070
82,687 612 625
56,810 462 561
73,450 587 507
109,912 937 863
109,827 962 845
122,260 937
1,138
143,704 1,012 843
175,345 1,162 866
176,241 1,137 1,187
175,345 1,162 1,034
141,419 1,087 930
165,953 1,157 1,397
182,985 1,162 861
173,487 1,162 1,708
165,237 1,162 1,257
2007
106,348 962
1,093
121,289 962 670
56,810 462 538
73,450 587 526
109,912 937 892
109,827 962 790
122,260 937
1,128
143,704 1,012 776
175,345 1,162 922
205,911 1,337 1,017
175,345 1,162 956
165,011 1,162 949
165,953 1,187 1,265
182,985 1,162 1,083
173,487 1,162 1,141
181,573 1,212 1,148
2008
2009
2010
2011
106,348 962
1,078
121,289 962 687
56,810 462 487
73,450 587 510
109,912 937 892
109,827 962 824
122,260 937
1,076
143,704 1,012 839
175,345 1,162 942
205,911 1,337 961
175,345 1,162 926
165,011 1,162 931
165,953 1,187 1,195
182,985 1,162 1,151
173,487 1,162 1,116
181,573 1,212 1,130
106,348 962
1,064
121,289 962 750
56,810 462 513
73,450 587 539
109,912 937 899
109,827 962 829
122,260 937 859
143,704 1,012 862
175,345 1,162 927
205,911 1,337 1,024
175,345 1,162 872
165,011 1,162 943
165,953 1,187 1,122
182,985 1,162 1,122
173,487 1,162 1,129
181,573 1,212 1,183
106,348 962
1,142
121,289 962 775
56,810 462 578
73,450 587 590
109,912 937 936
109,827 962 833
122,260 937 817
143,704 1,012 920
175,345 1,162 914
205,911 1,337 1,106
175,345 1,162 827
165,011 1,162 981
165,953 1,187 1,119
182,985 1,162 1,104
173,487 1,162 1,111
181,573 1,212 1,241
106,348 962
1,159
121,289 962 776
56,810 462 670
73,450 587 589
109,912 937 909
109,827 962 791
122,260 937 742
143,704 1,012 863
175,345 1,162 954
205,911 1,337 1,146
175,345 1,162 832
165,011 1,162 1,017
165,953 1,187 1,142
182,985 1,162 1,132
173,487 1,162 1,103
181,573 1,212 1,294
2012
133,344 1,162 1,142
116,074 963 764
55,944 487 689
73,450 612 650
109,769 937 908
109,827 962 774
122,260 937 721
149,860 1,037 881
178,465 1,162 967
207,172 1,338 1,201
170,905 1,162 851
163,526 1,163 972
166,048 1,187 1,212
183,798 1,212 1,190
173,487 1,162 1,101
186,961 1,362 1,281
2013
133,344 1,162 1,157
116,074 963 768
55,944 487 718
73,450 612 615
109,769 937 926
109,827 962 742
122,260 937 676
156,660 1,037 848
178,465 1,162 966
207,172 1,338 1,278
170,905 1,162 942
177,356 1,163 977
166,048 1,187 1,212
183,798 1,212 1,185
173,487 1,162 1,093
186,961 1,362 1,273
127
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
2004
2005
2006
2007
Floyd (1964)
Square Feet
120,788
120,560
166,551
Capacity
812
812
1,162
Enrollment
957
929
998
Garrett (1972)
Square Feet
122,329
122,329
122,329
Capacity
812
812
812
Enrollment
882
847
923
Griffin (1972)
Square Feet
122,698
122,698
186,947
Capacity
747
747
1,162
Enrollment
1,009
993
1,095
Hightower Trail (1993)
Square Feet
141,264
141,264
141,264
Capacity
987
987
987
Enrollment
1,000
946
966
Lindley 6th Grade Academy (1962) (formerly Barnes Education Center)
Square Feet
114,635
114,635
114,635
Capacity
787
787
787
Enrollment (b)
241
455
230
Lindley (2001)
Square Feet
179,170
179,170
179,170
Capacity
1,162
1,162
1,162
Enrollment
1,358
1,407
1,354
Lost Mountain (1992)
Square Feet
137,027
137,027
137,027
Capacity
987
987
987
Enrollment
1,498
1,513
1,576
Lovinggood (2006)
Square Feet
-
-
-
Capacity
-
-
-
Enrollment
-
-
-
Mabry (1978)
Square Feet
113,212
113,212
158,434
Capacity
868
868
1,137
Enrollment
893
882
848
McCleskey (1983)
Square Feet
113,525
113,525
113,525
Capacity
837
837
837
Enrollment
826
858
822
McClure (2006)
Square Feet
-
-
-
Capacity
-
-
-
Enrollment
-
-
-
Palmer (2001)
Square Feet
175,345
175,345
175,345
Capacity
1,162
1,162
1,162
Enrollment
1,285
1,264
1,173
Pine Mountain (1979)
Square Feet
119,076
119,076
119,076
Capacity
792
792
792
Enrollment
1,213
1,212
1,261
Simpson (1988)
Square Feet
110,000
110,000
110,000
Capacity
837
837
837
Enrollment
917
885
844
Smitha (1993)
Square Feet
141,596
141,596
141,596
Capacity
987
987
987
Enrollment
1,285
1,292
1,306
Tapp (1975)
Square Feet
157,435
157,435
157,435
Capacity
1,137
1,137
1,137
Enrollment
1,086
1,067
1,074
166,551 1,162 894
122,329 812 894
186,947 1,162 1,064
149,038 1,012 1,020
114,635 787 260
179,170 1,162 1,381
164,107 1,162 1,167
178,465 1,162 1,262
158,434 1,137 849
113,525 837 815
191,209 1,162 1,029
175,345 1,162 1,134
131,459 887 752
110,000 837 813
167,815 1,137 1,013
157,435 1,137 897
2008
166,551 1,162 882
122,329 812 909
186,947 1,162 993
149,038 1,012 986
114,635 787 198
179,170 1,162 1,252
164,107 1,162 1,107
178,465 1,162 1,238
158,434 1,137 941
113,525 837 752
191,209 1,162 1,155
175,345 1,162 1,101
131,459 887 743
110,000 837 871
167,815 1,137 965
157,435 1,137 891
2009
166,551 1,162 812
122,329 812 898
186,947 1,162 922
149,038 1,012 975
114,635 787 440
179,170 1,162 827
164,107 1,162 1,074
178,465 1,162 1,269
158,434 1,137 959
113,525 837 769
191,209 1,162 1,157
175,345 1,162 1,083
131,459 887 728
110,000 837 892
167,815 1,137 862
157,435 1,137 819
2010
166,551 1,162 819
122,329 812 862
186,947 1,162 916
149,038 1,012 964
114,635 787 470
179,170 1,162 832
164,107 1,162 1,131
178,465 1,162 1,185
158,434 1,137 892
113,525 837 765
191,209 1,162 1,165
175,345 1,162 1,069
131,459 887 772
110,000 837 889
167,815 1,137 817
157,435 1,137 737
2011
166,551 1,162 821
122,329 812 901
186,947 1,162 959
149,038 1,012 963
114,635 787 493
179,170 1,162 916
164,107 1,162 1,105
178,465 1,162 1,182
158,434 1,137 864
113,525 837 692
191,209 1,162 1,167
175,345 1,162 1,042
131,459 887 738
110,000 837 843
167,815 1,137 907
157,435 1,137 661
2012
2013
166,551 1,112 870
166,551 1,112 865
122,329 812 853
152,212 963 854
186,947 1,162 1,064
186,947 1,162 1,154
149,038 1,012 956
149,038 1,012 992
111,260 788 523
111,260 788 542
179,170 1,162 1,041
179,170 1,162 1,072
165,107 1,137 1,016
165,107 1,137 939
175,345 1,162 1,214
175,345 1,162 1,339
160,581 1,162 849
160,581 1,162 847
113,525 937 668
149,577 937 678
191,209 1,163 1,138
191,209 1,163 1,092
175,974 1,162 999
175,974 1,162 963
131,399 887 725
169,809 912 706
110,000 837 862
138,902 962 876
169,345 1,137 968
169,345 1,137 995
157,435 1,137 724
157,435 1,137 761
Continued---
128
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
Allatoona (2008) Square Feet Capacity Enrollment
Campbell (1963) Square Feet Capacity Enrollment
Harrison (1991) Square Feet Capacity Enrollment
Hillgrove (2006) Square Feet Capacity Enrollment
Kell (2002) Square Feet Capacity Enrollment
Kennesaw Mountain (2000) Square Feet Capacity Enrollment
Lassiter (1981) Square Feet Capacity Enrollment
McEachern (1930) Square Feet Capacity Enrollment
North Cobb (1957) Square Feet Capacity Enrollment
Osborne (1961) Square Feet Capacity Enrollment
Pebblebrook (1963) Square Feet Capacity Enrollment
Pope (1987) Square Feet Capacity Enrollment
South Cobb (1951) Square Feet Capacity Enrollment
Sprayberry (1973) Square Feet Capacity Enrollment
Walton (1975) Square Feet Capacity Enrollment
Wheeler (1964) Square Feet Capacity Enrollment
2004
-
317,515 2,262 1,976
235,445 1,837 2,119
-
323,000 1,912 1,526
319,000 1,987 2,671
274,704 2,137 2,221
416,201 2,362 3,085
252,105 2,087 2,123
248,979 1,494 1,579
225,782 1,307 1,532
246,405 1,862 1,907
271,378 1,662 1,944
281,542 2,112 1,769
276,781 1,950 2,440
270,744 1,762 1,771
2005
-
317,515 2,262 2,093
235,445 1,837 2,285
-
323,000 1,912 1,809
319,000 1,987 2,858
274,704 2,137 2,105
416,201 2,362 3,304
252,105 2,087 2,164
289,269 1,688 1,560
266,330 1,483 1,566
246,405 1,862 1,961
271,378 1,662 2,005
281,542 2,112 1,766
276,781 1,950 2,533
270,744 1,762 1,807
2006
-
317,515 2,262 2,128
235,445 1,837 2,542
-
323,000 1,912 1,883
319,000 1,987 3,032
274,704 2,137 2,096
416,201 2,362 3,384
252,105 2,087 2,336
337,114 2,062 1,580
318,655 1,862 1,701
246,405 1,862 1,963
271,378 1,662 2,100
281,542 2,112 1,758
276,781 1,950 2,549
270,744 1,762 1,806
2007
-
317,515 2,262 2,145
235,445 1,837 2,601
321,543 1,912 1,142
323,000 1,912 1,882
319,000 1,987 2,938
274,704 2,137 2,026
416,201 2,362 2,652
320,736 2,087 2,531
337,114 2,062 1,483
318,655 1,862 1,780
246,405 1,862 1,879
271,378 1,662 2,036
281,542 2,112 1,705
308,814 2,362 2,559
318,504 1,837 1,813
2008
2009
2010
2011
-
370,042 2,637 2,087
235,445 1,837 2,590
321,543 1,912 1,669
323,000 1,912 1,835
319,000 1,987 2,842
274,704 2,137 1,934
414,457 2,362 2,316
320,736 2,087 2,577
332,614 2,062 1,589
318,655 1,862 1,864
246,365 1,862 1,878
271,378 1,662 2,069
281,542 2,112 1,670
308,814 2,362 2,583
318,504 1,837 1,797
328,370 1,912 845
370,042 2,637 2,093
235,445 1,837 2,347
321,543 1,912 1,833
323,000 1,912 1,805
319,000 1,987 2,357
274,704 2,137 1,973
436,728 2,362 2,210
320,736 2,087 2,501
332,614 2,062 1,643
318,655 1,862 1,993
246,365 1,862 1,806
271,378 1,662 2,009
281,542 2,112 1,655
308,814 2,362 2,574
318,504 1,837 1,877
328,370 1,912 1,341
370,042 2,637 2,144
235,445 1,837 2,169
323,023 1,912 2,011
323,000 1,912 1,753
319,000 1,987 2,147
274,704 2,137 1,932
436,728 2,362 2,166
287,276 1,933 2,460
332,614 2,062 1,722
318,655 1,862 1,988
246,365 1,862 1,792
271,378 1,718 1,969
281,542 2,153 1,693
308,814 2,362 2,561
318,504 1,837 1,981
328,370 1,912 1,554
370,042 2,637 2,224
235,445 1,837 2,094
323,023 1,912 2,003
323,000 1,912 1,688
319,000 1,987 1,955
274,704 2,137 1,990
436,728 2,362 2,127
287,276 1,933 2,524
332,614 2,062 1,671
318,655 1,862 1,957
246,365 1,862 1,773
271,378 1,718 1,957
281,542 2,153 1,754
308,814 2,362 2,649
318,504 1,837 2,020
2012
325,200 1,912 1,762
374,180 2,637 2,105
243,215 1,837 1,973
319,000 1,987 2,020
321,068 1,987 1,606
319,000 1,987 2,034
278,986 2,112 1,971
504,107 2,362 2,098
406,817 2,787 2,566
328,000 2,062 1,558
319,768 1,788 1,824
260,606 1,912 1,718
395,332 2,612 1,863
297,400 2,062 1,727
307,655 2,312 2,569
318,504 1,837 1,955
2013
325,200 1,912 1,717
374,180 2,637 2,188
243,215 1,837 1,918
319,000 1,987 2,065
321,068 1,987 1,526
319,000 1,987 2,121
310,950 2,112 1,944
504,107 2,362 2,174
406,817 2,787 2,533
328,000 2,062 1,701
319,768 1,788 1,990
260,606 1,912 1,725
388,425 2,612 1,898
297,400 2,062 1,741
307,655 2,312 2,574
318,504 1,837 1,948
129
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
2004
2005
Oakwood (1944)
Square Feet
93,612
93,612
Capacity
462
462
Enrollment
271
235
Performance Learning Center (located at Oakwood)
Enrollment
-
-
Hawthorne (Haven) (1958) (c)
Square Feet
32,500
32,500
Capacity
312
312
Enrollment
187
165
Fitzhugh Lee (Haven) (1935)(c)
Square Feet
35,684
35,684
Capacity
312
312
Enrollment
-
-
Kennesaw Charter (d)
Enrollment
385
435
Mableton Charter (d)
Enrollment
-
-
International Academy of Smyrna (d)
Enrollment
-
-
Devereux Georgia (d)
Enrollment
-
-
2006
93,612 462 219
-
32,500 312 182
35,684 312 -
436
-
-
-
2007
93,612 462 288
-
32,500 312 170
35,684 312 -
540
-
-
132
2008
2009
2010
2011
93,612 462 286
-
32,500 312 156
35,684 312 -
495
569
414
108
93,612 520 192
58
32,500 312 158
35,684 312 -
504
595
438
115
93,612 462 156
47
32,500 312 160
35,684 312 -
437
472
580
105
93,612 462 175
76
32,500 312 99
35,684 312 42
515
529
744
96
2012
2013
93,858 462 79
93,858 462 70
57
59
32,500 312 88
32,500 312 77
35,684 312 43
35,684 312 39
614
782
526
-
793
943
62
75
Concluded.
(a) Original Clarkdale building destroyed by flood fall 2009. Clarkdale Replacement school opened for school year 2012-13. (b) Sky View Elementary converted to Sky View Adminstrative Facility at the end of school year 2011-12. (c) Haven @ Fitzhugh Lee enrollment is included with Hawthorne until school year 2010-11. (d) Operated by a nonprofit, enrollment reported by CCSD; buildings do not belong to CCSD. Mableton Charter closed May 2012. Beginning 2012, data reflects the new Five-Year Local Facilities Plan approved by the Board on May 17, 2012. The 2012 - 2016 Local Facilities Plan has been approved by the Georgia Department of Education and validated by a Facilities Survey Team as required by State BOE rules. Source: District Records
130
COBB COUNTY SCHOOL DISTRICT TEACHERS' SALARY SCHEDULE LAST TEN FISCAL YEARS
$90,000
Teachers' Salary Range
$80,000
$70,000
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$0 2004
2005
2006
2007
2008
2009
Minimum
2010
Maximum
2011
2012
2013
Fiscal Year
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Minimum
$
34,542
35,233
35,938
37,160
39,140
39,962
38,958
38,958
38,958
38,958
Maximum
$
72,861
76,206
77,730
80,374
82,435
84,204
82,088
82,088
82,088
82,088
Cobb Average
$
46,775
47,191
49,854
51,239
52,977
54,286
53,320
54,168
53,770
54,323
Note: Minimum reflects T-4 Certification, Step 1; Maximum is T-7 Doctorate, Step 30+.
Source: District Salary Schedules Governor's Office of Achievement
State-wide Average
$
45,848
46,437
48,247
49,836
51,466
52,823
53,155
52,830
53,002
52,956
131
COBB COUNTY SCHOOL DISTRICT ADMINISTRATIVE SALARY SCHEDULE JUNE 30, 2013
$250,000 $225,000 $200,000 $175,000 $150,000 $125,000 $100,000 $75,000 $50,000 $25,000
$0
Administrative Salary Range
Position Title Superintendent Chief Officers/Asst Superintendents Executive Directors Instructional Directors Classified Directors High School Principals Middle School Principals Elementary School Principals
Source: District Records
Minimum
Maximum
Minimum $ 237,000
108,748 83,145 90,638 76,100 90,574 85,181 80,808
Maximum $ 237,000
135,000 101,928 115,512 104,856 113,947 109,049 108,823
132
COBB COUNTY SCHOOL DISTRICT SCHEDULE OF INSURANCE IN FORCE JUNE 30, 2013
Type of Coverage
Name of Company and Policy Number
Policy Period
From
To
Liability Limits
Annual Premium
Bus, Truck, Motor Vehicles Liability Property Theft Employee's Blanket Bond General Liability Property Boiler (Includes Insurance) Student Athletic
Superintendent's Bond Principal's Bond Worker's Compensation Disability, Long-Term
Disability, Short-Term
Option 1 Core Plan
Option 2 Core Plan benefits plus $115/wk Option 3 Core Plan benefits plus $231/wk Option 4 Core Plan benefits plus $346/wk Option 5 Core Plan benefits plus $462/wk Life Insurance and AD&D
Self Insured
Self Insured Travelers #103317698 Self Insured Travelers KTJ-CMB-1849M21-A-10 Sentry Life Ins/The Young Group Old Republic Surety Co. APO1178250 Old Republic Surety Co. APS1177822 Self Insured The Hartford Policy #402273
The Hartford Policy #402273 The Hartford Policy #402273 The Hartford Policy #402273 The Hartford Policy #402273 The Hartford Policy #402273 The Hartford #402273
6/1/1994 Ongoing $300,000
6/1/1994 Ongoing N/A 7/1/2012 6/30/2013 $7,500,000
6/1/1994 Ongoing $500,000 7/1/2012 6/30/2013 $500,000,000
8/1/2012 8/1/2013 Varies
7/1/2012 7/1/2013 $100,000
8/1/2012 8/1/2013 $10,000
N/A 1/1/13
N/A Statutory 12/31/13 Benefit Schedule
per salary
1/1/13 1/1/13 1/1/13 1/1/13 1/1/13 1/1/13
12/31/13 Benefit up to 66 2/3% of weekly earnings.
12/31/13 Benefit up to 66 2/3% of weekly earnings.
12/31/13 Benefit up to 66 2/3% of weekly earnings.
12/31/13 Benefit up to 66 2/3% of weekly earnings.
12/31/13 Benefit up to 66 2/3% of weekly earnings.
12/31/13 Benefit Schedule per salary
N/A
N/A $17,676
N/A $453,254
Student/Parent Funded
$350
$3,990
N/A $1,246,795
Employee pays $9.94 per month.
Employee pays $15.33 per month.
Employee pays $20.11 per month.
Employee pays $24.00 per month.
Employee pays $27.37 per month. Monthly - employee pays $0.123 per $1,000 for Life and AD&D insurance. The first $10,000 of coverage for smokers or first $13,000 for nonsmokers is paid by CCSD.
Dependent Life Insurance
The Hartford Policy #402273
Optional Life and AD&D
The Hartford #402273
Dental Insurance Option: High Plan
Delta Dental Policy 11-1554000000
1/1/13 12/31/13 Benefit Schedule per salary
1/1/13 12/31/13 Benefit Schedule per salary
Monthly - employee pays $1 for $10,000 of coverage of child(ren) or $2.50 for $25,000 of coverage; employee pays $2.05 for $10,000 of coverage of spouse or $5.13 for $25,000. Monthly - employee pays $0.165 per $1,000 for Supplemental Life and AD&D up to a maximum of 5 times his/her annual salary for smokers or 6 times for non-smokers.
1/1/13
12/31/13 Plus Plan provides preferred rates with a maximum coverage of $1,000 per participant per calendar year.
Monthly - employee pays $30.09 for single coverage or $82.78 for family coverage.
Continued --133
COBB COUNTY SCHOOL DISTRICT SCHEDULE OF INSURANCE IN FORCE JUNE 30, 2013
Type of Coverage
Dental Insurance Option: Low Plan
Name of Company and Policy Number
Delta Dental Policy 11-1554000000
Cancer Insurance Economy Plan
Standard Plan
Deluxe Plan
Vision Insurance Preferred Plus Plan
Allstate Insurance Policy #V1935
Policy #V1935
Policy #V1935
Avesis 9155NC
Base Plan
9155NC
Legal Insurance
ARAG Group Policy #17840-001
Policy Period
From
To
Liability Limits
Annual Premium
1/1/13
12/31/13 Base Plan has co-pays Monthly - employee pays $10.53 for for Preventative and single coverage or $28.84 for family Diagnostic services with coverage. a maximum of $750 coverage per participant per calendar year.
1/1/13 12/31/13 Based on Benefit Schedule
1/1/13 12/31/13 Based on Benefit Schedule
1/1/13 12/31/13 Based on Benefit Schedule
Monthly - employee pays rates Single coverage is $7.06; family coverage is $11.66. Single coverage is $10.26; family coverage is $17.42. Single coverage is $14.48; family coverage is $24.84. Monthly - employee pays rates: Single coverage is $1.08 per month; coverage for employee plus one family member is $1.90, and family coverage is $2.80 each month. Single coverage is $4.72; coverage for employee plus one family member is $8.82, and family coverage is $13.36 each month. Monthly - employee pays $12.27 for single coverage or $15.23 for family Coverage.
Concluded.
Source: District Records
134
COBB COUNTY SCHOOL DISTRICT SCHOOL LUNCH AND BREAKFAST PROGRAM LAST TEN FISCAL YEARS
amounts in thousands
13,000 12,000 11,000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000
0 2004
2005
2006
Meals Served
2007
2008 Lunch
2009
2010
Breakfast
2011
2012
2013
(amounts expressed in thousands)
Lunch Meals Served: Free Reduced Paid
Total Daily Average Student Price
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
3,367 827
5,943 10,137
56
$1.60-$1.85
3,951 845
5,973 10,769
60
$1.60-$1.85
4,432 852
6,208 11,492
64
$1.60-$1.85
4,654 950
6,380 11,984
67
$1.60-$1.85
4,794 931
6,285 12,010
67
$1.60-$1.85
5,072 967
6,068 12,107
67
$1.60-$1.85
5,431 954
5,761 12,146
69
$1.60-$1.85
5,683 783
5,400 11,866
69
$1.60-$1.85
6,109 857
5,431 12,397
70
$1.65-$1.90
6,259 805
4,489 11,553
65
$2.15-$2.40
Breakfast Meals Served: Free Reduced Paid
Total Daily Average Student Price
1,193 170 317
1,680 10
$1.00
1,482 180 342
2,004 11
$1.00
1,700 194 432
2,326 13
$1.00
1,964 258 536
2,758 15
$1.00
2,118 264 557
2,939 16
$1.00
2,254 261 534
3,049 17
$1.00
2,342 260 486
3,088 17
$1.00
2,455 208 466
3,129 19
$1.00
2,732 237 489
3,458 19
$1.00
2,827 231 407
3,465 20
$1.25
Total Meals Served: Free Reduced Paid
Total Daily Average
Source: District Records
4,560 997
6,260 11,817
66
5,433 1,025 6,315 12,773
71
6,132 1,046 6,640 13,818
77
6,618 1,208 6,916 14,742
82
6,912 1,195 6,842 14,949
83
7,326 1,228 6,602 15,156
84
7,773 1,214 6,247 15,234
86
8,138 991
5,866 14,995
88
8,841 1,094 5,920 15,855
89
9,086 1,036 4,896 15,018
85
135
COBB COUNTY SCHOOL DISTRICT NUMBER OF SCHOOLS LAST TEN FISCAL YEARS
Number of Schools
120
110
100
90
80
70
60
50
High
Middle
40
Elementary
30
20
10
0 2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Fiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Elementary 65 65 68 68 68 68 68 68 68 67
Middle 21 21 22 24 24 25 25 25 25 25
High 16 16 16 17 17 17 17 16 16 16
Note: Sky View Elementary converted to administrative building in June 2012. Source: District Records
Total 102 102 106 109 109 110 110 109 109 108
136
COBB COUNTY SCHOOL DISTRICT NUMBER OF HIGH SCHOOL GRADUATES AND AVERAGE DAILY ENROLLMENT AND ATTENDANCE LAST TEN FISCAL YEARS
110,000 109,000 108,000 107,000 106,000 105,000 104,000 103,000 102,000 101,000 100,000
Cobb County School District Average Daily Enrollment
Fiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Average Daily
Enrollment 101,584 103,061 104,901 107,082 106,734 106,256 106,835 106,868 106,944 108,240
Average Daily
Attendance 96,795 98,567 100,432 102,648 102,497 102,144 102,444 102,732 103,008 103,857
Attendance Percentage
95.29% 95.64% 95.74% 95.86% 96.03% 96.13% 95.89% 96.13% 96.32% 95.95%
Number of Graduates
5,928 6,267 6,413 6,522 6,765 7,126 7,177 7,350 7,192 7,425
Graduate Percentage
95.77% 94.06% 94.41% 92.91% 91.85% 98.36% 97.61% 93.91% 99.41% 99.48%
Note: Number of Graduates divided by Grade 12 Active Enrollment from page 138, includes Special Ed students. Source: District Records
137
COBB COUNTY SCHOOL DISTRICT ACTIVE ENROLLMENT BY GRADE LEVEL LAST TEN FISCAL YEARS
120,000 100,000 80,000 60,000 40,000 20,000
0
2004
2005
Active Enrollment By Grade Level 2006 2007 2008 2009 2010 2011
2012
Grade 12 Grade 11 Grade 10 Grade 9 Grade 8 Grade 7 Grade 6 Grade 5 Grade 4 Grade 3 Grade 2 Grade 1 Pre-K and K
2013
Fiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Pre-K and K 9,077 9,255 9,611 9,604 9,065 8,874 9,262 9,253 9,159 9,523
Grade 1
7,576 7,750 7,993 8,246 8,260 8,142 8,029 8,292 8,189 8,297
Grade Grade Grade Grade
2
3
4
5
7,522 7,823 7,767 8,021
7,764 7,766 7,972 7,977
8,012 8,013 7,964 8,141
8,061 8,303 7,921 8,229
8,262 8,233 8,052 8,037
8,176 8,298 8,147 8,189
8,286 8,285 8,291 8,230
8,001 8,369 8,166 8,344
8,303 8,184 8,330 8,284
8,296 8,422 8,191 8,495
Grade 6
7,902 8,130 8,031 8,069 8,035 7,812 8,131 8,077 8,155 8,242
Grade 7
8,206 8,071 8,264 8,132 8,143 7,973 7,822 8,165 8,186 8,249
Grade 8
8,286 8,287 8,201 8,280 8,187 8,254 8,007 7,868 8,154 8,229
Grade 9
8,555 9,114 9,141 8,950 8,928 8,810 9,850 9,804 9,437 9,637
Grade Grade Grade 10 11 12
7,512 6,912 6,190 7,610 6,926 6,663 8,101 7,217 6,793 8,171 7,586 7,020 8,083 7,406 7,365 8,331 7,491 7,245 7,391 7,551 7,353 8,121 6,549 7,827 8,021 6,865 7,235 7,938 6,931 7,464
Total 101,349 103,285 105,482 106,572 106,056 105,742 106,488 106,836 106,502 107,914
Source: District Records
138
COBB COUNTY SCHOOL DISTRICT CLASSROOM BUILDINGS, GRADE LEVELS AND ACREAGE JUNE 30, 2013
School Name
Grades
Acworth Intermediate
2-5
Addison
K-5
Argyle
K-5
Austell (formerly Primary)
K-5
Baker
K-5
Bells Ferry
K-5
Belmont Hills
K-5
Big Shanty
3-5
Birney
K-5
Blackwell
K-5
Brown
K-5
Brumby
K-5
Bryant
K-5
Bullard
K-5
Chalker
K-5
Cheatham Hill
K-5
Clarkdale Replacement
K-5
Clay
K-5
Compton
K-5
Davis
K-5
Dowell
K-5
Due West
K-5
East Side
K-5
Eastvalley
K-5
Fair Oaks
K-5
Ford
K-5
Frey
K-5
Garrison Mill
K-5
Green Acres
K-5
Harmony Leland
K-5
Hayes
K-5
Hendricks (formerly Austell Intermedi K-5
Hollydale
K-5
Keheley
K-5
Kemp
K-5
Kennesaw
K-2
Kincaid
K-5
King Springs
K-5
LaBelle
K-5
Lewis
K-5
Mableton Replacement
K-5
McCall Primary
K-1
Milford
K-5
Mount Bethel
K-5
Mountain View
K-5
Murdock
K-5
Nicholson
K-5
Nickajack
K-5
Norton Park
K-5
Pickett's Mill
K-5
Pitner
K-5
Powder Springs
K-5
Powers Ferry
K-5
Riverside Primary
K-1
Riverside Intermediate
2-5
Rocky Mount
K-5
Russell
K-5
Sanders
K-5
Sedalia Park
K-5
Shallowford Falls
K-5
Sope Creek
K-5
Still
K-5
Active Enrollment
832 596 641 470 761 585 481 759 768 703 285 1,000 962 933 683 1,149 587 351 556 559 968 547 1,221 661 831 713 737 716 866 678 985 584 693 473 964 714 730 792 476 749 943 431 559 984 840 830 511 1,055 788 723 937 783 467 681 1,107 614 728 829 828 658 1,157 768
Size of Site (acres)
15.0 12.5
8.8 12.4 15.0 10.0 10.2 22.3 26.8 16.0
6.2 9.5 44.0 20.0 25.5 19.2 15.0 8.0 28.3 13.0 28.9 10.2 10.0 7.8 10.3 39.0 26.2 14.1 10.1 8.4 24.2 23.0 15.0 20.7 26.2 20.7 24.0 9.9 10.2 10.9 12.1 6.0 8.7 25.0 13.0 15.3 23.1 16.8 9.2 40.9 22.2 15.9 10.0 9.0 18.4 21.8 14.1 21.1 10.2 15.3 16.0 10.9
Occupied Year (a)
2001 1989 1961 2005 1988 1963 1952 1968 1973 1998 1955 1966 1991 2003 1997 1997 2012 1961 1969 1987 1989 1957 2011 1960 1957 1991 1996 1984 1996 1951 1993 2001 1968 1986 2002 1991 1972 1956 1955 1986 2012 2005 1954 1978 1986 1975 1990 1998 1961 2008 2003 1988 1951 2005 2001 1977 1961 1997 1956 1990 1978 1978
Number of Classrooms
59 42 36 36 63 45 36 52 59 52 24 56 61 63 62 68 53 29 60 50 62 38 69 36 54 53 62 44 44 33 61 61 53 38 61 61 48 37 44 61 61 36 40 60 55 61 40 60 52 62 61 57 30 36 61 39 61 53 57 61 73 62
Portable Classrooms
15 1 12 3 6 9 3 4 5 6 1 -
Square Footage
131,924 81,334 56,238 85,236
106,694 83,098 68,409 84,461
105,886 111,299
49,828 99,181 116,071 136,261 124,148 137,108 129,988 55,412 99,427 86,131 106,003 70,367 149,764 60,029 97,993 91,129 125,717 85,775 90,915 65,127 119,189 123,025 89,012 70,537 123,000 116,400 83,969 59,658 82,912 115,363 148,523 88,158 73,352 110,096 102,725 123,233 75,800 122,342 87,935 139,090 136,261 101,870 59,190 85,236 123,000 71,408 103,369 116,302 99,735 112,620 133,344 116,074
Capacity 913 662 537 562 987 712 562 837 912 837 412 912 962 987 963
1,063 862 437 937 788 963 587
1,087 562 863 862 963 688 688 512 962 962 862 588 962 962 762 587 688 962 962 562 612 937 887 962 637 937 837 963 962 888 462 562 962 612 962 862 888 962
1,162 963
139
COBB COUNTY SCHOOL DISTRICT CLASSROOM BUILDINGS, GRADE LEVELS AND ACREAGE JUNE 30, 2013
School Name Teasley Timber Ridge Tritt Varner Vaughan Awtrey Barber Campbell Cooper Daniell Dickerson Dodgen Durham East Cobb Floyd Garrett Griffin Hightower Trail Lindley 6th Grade Academy Lindley Lost Mountain Lovinggood Mabry McCleskey McClure Palmer Pine Mountain Simpson Smitha Tapp Allatoona Campbell Harrison Hillgrove Kell Kennesaw Mountain Lassiter McEachern North Cobb Osborne Pebblebrook Pope South Cobb Sprayberry Walton Wheeler Oakwood Performance Learning Ctr (b) Hawthorne (Haven) Fitzhugh Lee (Haven) Kennesaw Charter (c) Smyrna Charter (c) Devereux Georgia (c)
TOTALS
Grades K-5 K-5 K-5 K-5 K-5 6-8 6-8 6-8 6-8 6-8 6-8 6-8 6-8 6-8 6-8 6-8 6-8 6-8 6 7-8 6-8 6-8 6-8 6-8 6-8 6-8 6-8 6-8 6-8 6-8 9-12 9-12 9-12 9-12 9-12 9-12 9-12 9-12 9-12 9-12 9-12 9-12 9-12 9-12 9-12 9-12 9-12 9-12
Altrntv Altrntv
K-6 K-8 1-12
Active Enrollment
718 615 926 742 676 848 966 1,278 942 977 1,212 1,185 1,093 1,273 865 854 1,154 992 542 1,072 939 1,339 847 678 1,092 963 706 876 995 761 1,717 2,188 1,918 2,065 1,526 2,121 1,944 2,174 2,533 1,701 1,990 1,725 1,898 1,741 2,574 1,948
70 59 77 39 782 943 75 107,914
Size of Site (acres)
13.2 11.5 23.7 20.0 28.0 26.2 25.8 33.2 75.1 20.0 21.9 20.6 43.0 20.0 20.0 36.6 24.4 26.4 28.7 33.3 83.8 29.4 22.0 34.8 38.0 43.1 39.7 16.5 21.8 16.9 114.7 47.9 73.0 95.0 63.1 75.0 49.3 74.9 46.8 50.7 52.5 47.0 54.4 41.3 43.3 48.8 10.0
Occupied Year (a)
1961 1990 1979 1990 1996 1965 2005 1951 2001 1966 1981 1975 1998 1963 1964 1972 1972 1993 1962 2001 1992 2006 1978 1983 2006 2001 1979 1988 1993 1975 2008 1963 1991 2006 2002 2000 1981 1930 1957 1961 1963 1987 1951 1973 1975 1964 1944
Number of Classrooms
32 39 60 61 60 64 71 84 71 72 73 74 71 83 68 60 70 62 45 71 70 71 71 58 72 71 57 56 70 70 99 135 94 102 102 102 108 127 143 106 93 98 134 106 119 95 43
6.2
1958
18
7.0
1935
17
2,999.7
7,076
Portable Classrooms
9 3 2 5 36 -
2 2
124
Square Footage
55,944 73,450 109,769 109,827 122,260 156,660 178,465 207,172 170,905 177,356 166,048 183,798 173,487 186,961 166,551 152,212 186,947 149,038 111,260 179,170 165,107 175,345 160,581 149,577 191,209 175,974 169,809 138,902 169,345 157,435 325,200 374,180 243,215 319,000 321,068 319,000 310,950 504,107 406,817 328,000 319,768 260,606 388,425 297,400 307,655 318,504 93,858
32,500 35,684
Capacity 487 612 937 962 937
1,037 1,162 1,338 1,162 1,163 1,187 1,212 1,162 1,362 1,112
963 1,162 1,012
788 1,162 1,137 1,162 1,162
937 1,163 1,162
912 962 1,137 1,137 1,912 2,637 1,837 1,987 1,987 1,987 2,112 2,362 2,787 2,062 1,788 1,912 2,612 2,062 2,312 1,837 462
312 312
16,610,048
119,665
(a) Occupied year represents the year during which the school was initially opened and utilized for instructional purposes
but does not reflect the most recent year of subsequent additions, improvements or renovations, if any, to the facility. (b) Performance Learning Center is housed at Oakwood. (c) Operated by unaffiliated non-profit entities. Enrollment reported by CCSD; buildings do not belong to CCSD.
Source: District Records
140