Cobb County School District comprehensive annual financial report, fiscal year 2012-2013

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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
ii

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
4

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.
5

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.
6

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.
7

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