(This page was left blank intentionally) Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2014 PREPARED BY: COBB COUNTY BOARD OF EDUCATION FINANCIAL SERVICES DIVISION BRADLEY REUBEN JOHNSON, CHIEF FINANCIAL OFFICER 514 Glover Street Marietta, Georgia 30060 (This page was left blank intentionally) COBB COUNTY SCHOOL DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT TABLE OF CONTENTS FOR THE YEAR ENDED JUNE 30, 2014 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 28-50 51-53 54-58 59-63 64-82 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 SPLOST IV - 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, 2013 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 99-100 101-102 103-104 105 106 107 108 109 Legal Debt Margin Information Fiscal Year 2014 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 Calendar 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 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125-132 133 134 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 135-136 137 138 139 140 141-142 (This page was left blank intentionally) P.O. Box 1088 Marietta, GA 30061 Telephone: (770) 426-3300 www.cobbk12.org December 4, 2014 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, 2014. 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 five 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 Kathleen Angelucci, Chair Randy Scamihorn, Vice Chair Tim Stultz David Morgan David Banks Scott Sweeney Brad Wheeler Chris Ragsdale, Interim Superintendent The District is the second largest school system in Georgia and the 24th largest in the United States with an active daily enrollment of 109,529. 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. Mr. Chris Ragsdale currently serves as the Interim Superintendent of the Cobb County School District. Prior to his appointment in May of 2014, Mr. Ragsdale served as the Deputy Superintendent for Operations. He also served as the Chief Technology Officer for several years. During his tenure with the District, he has managed plant operations, provided oversight for the District's technology integration, and been responsible for planning and execution of capital projects approved by Cobb voters and funded by the Special Purpose Local Option Sales Tax. Mr. Ragsdale holds a Bachelor of Science in Information Systems from Kennesaw State University and is currently enrolled in the executive MBA program at Shorter University in Rome, Georgia. 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 2014 fiscal year: The District average SAT score of 1515 is 70 points higher than the state average and 18 points higher than the national average. 80% of 2014 graduates took the SAT. In 2012, 2013, and 2014, 15 Cobb high schools were recognized by the Georgia Department of Education as Advanced Placement Honor Schools. The program recognizes Georgia schools that have increased access to rigorous Advance Placement coursework. Participation in challenging Advanced Placement courses has grown 184% since 2004. The four-year graduation rate for Cobb high schools improved to 78.2% in 2014, marking the third consecutive year the overall graduation rate has increased. Cobb exceeds the state graduation rate of 72.5% by nearly six percentage points. Cobb has a distinguished faculty, with 62% of Cobb teachers holding advanced degrees. 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 of the General Fund and Special Revenue Funds are included in the annual appropriated budget. Capital Projects Funds are budgeted on a multi-year, project-length 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. ii ___________________________________________________________________________ ECONOMIC CONDITION AND OUTLOOK ______________________________________________________________________________ The District is located in the northwest quadrant of the Atlanta metropolitan area. 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. In fiscal year 2013 (most recent figures available), Cobb County had one of the metropolitan area's highest median household incomes at $66,300, an unemployment rate of 7.1%, and a growing population which increased from 632,900 in 2004 to 717,190 in 2013. Student enrollment for the 2014 fiscal year was 109,529. Despite these considerable strengths, Cobb County has been adversely impacted by the recent economic recession. In fiscal year 2014 the District's gross property digest decreased by 2.3% over the 2013 fiscal year's digest as compared to a decrease of 2.2% the previous year and a total decrease of 19.3% 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 2014 due to $65.9 million austerity cuts in state funding. We expect a smaller reduction in state funding in the immediate future, as state revenues have recently improved. Similarly, we expect a gradual increase in property tax revenue as real estate values slowly but steadily rebound. ______________________________________________________________________________ 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 141 and 142, in the statistical section. ___________________________________________________________________________ OTHER INFORMATION ______________________________________________________________________________ New Educational Model: By June 2015, state law requires all Georgia school districts to choose a framework for leading and operating schools. The Cobb County School District currently iii saves almost $44 million annually through state waivers no longer available after July 1, 2015, unless a contract is developed to become either a charter system or an Investing in Educational Excellence (IE2) system. The Cobb County School Board has voted to submit an application to the Georgia Department of Education to become an IE2 district, effective with the 2015-2016 school year. A chief reason for selecting this model over the charter system model was the greater ability to develop customized student achievement plans for individual schools. While schools will be held accountable for meeting specific goals, this school model is revenue neutral. We will not lose the current $44 million in annual savings through state waivers, and although there will not be any additional funding, the IE2 model and contract will allow the District to use its current resources more effectively. 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. iv 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, 2013 Executive Director/CEO vi vii COBB COUNTY SCHOOL DISTRICT FUNCTION AND COMPOSITION JUNE 30, 2014 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, 2014 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 Ms. Kathleen Angelucci Mr. Randy Scamihorn Mr. Brad Wheeler Mr. Tim Stultz Mr. David Morgan Mr. David Banks Mr. Scott Sweeney Term Expires December 31, 2014 December 31, 2016 December 31, 2016 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, 2014 RANDY SCAMIHORN POST 1 2 Years Served TIM STULTZ POST 2 4 Years Served DAVID MORGAN POST 3 6 Years Served KATHLEEN ANGELUCCI POST 4 4 Years Served DAVID BANKS POST 5 6 Years Served SCOTT SWEENEY BRAD WHEELER CHRIS RAGSDALE POST 6 4 Years Served POST 7 2 Years Served INTERIM SUPERINTENDENT ix COBB COUNTY SCHOOL DISTRICT SUPERINTENDENT'S EXECUTIVE CABINET JUNE 30, 2014 Chris Ragsdale John Adams Dr. Angela Huff Brad Johnson Mary Elizabeth Davis Dr. Grant Rivera Dr. Angela Bacon Dr. Greg Ewing Superintendent (Interim) Chief Human Resources Officer and Chief of Operations (Interim) Chief of Staff Chief Financial Officer Chief Academic Officer Chief Leadership and Learning Officer Chief Technology Officer (Interim) Chief Accountability and Research Officer x COBB COUNTY SCHOOL DISTRICT ORGANIZATIONAL CHART JUNE 30, 2014 Citizens of Cobb County Board of Education Board Attorney Interim Superintendent Chris Ragsdale Chief Financial Officer Brad Johnson Chief of Staff Dr. Angela Huff Chief Academic Officer Mary Elizabeth Davis Chief HR Officer & Chief Operations Officer (Interim) John Adams Chief Leadership & Learning Officer Dr. Grant Rivera Chief Accountability & Research Officer Dr. Greg Ewing Chief Technology Officer (Interim) Dr. Angela Bacon xi (This page was left blank intentionally) (This page was left blank intentionally) 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, 2014, 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. 200 GALLERIA PARKWAY S.E., SUITE 1700 ATLANTA, GA 30339-5946 770-955-8600 800-277-0080 FAX 770-980-4489 www.mjcpa.com Members of The American Institute ofCertified Public Accountants RSM International 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, 2014, 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. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis, as listed in the table of contents, 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, the SPLOST IV 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, the SPLOST III schedule of expenditures of Special Purpose Local Option Sales Tax Projects, and the SPLOST IV schedule of expenditures of Special Purpose Local Option Sales Tax Projects are the responsibility of management and were derived from and relate 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, the SPLOST III schedule of expenditures of Special Purpose Local Option Sales Tax Projects, and the SPLOST IV 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 4, 2014 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 4, 2014 4 MANAGEMENT'S DISCUSSION AND ANALYSIS COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis JUNE 30, 2014 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, 2014. 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 2014 are as follows: Total net position increased from $1,483.5 million in 2013 to $1,543.5 million in 2014, an increase of $60.0 million. Total revenue increased from $1,097.3 million in 2013 to $1,114.9 million in 2014, an increase of $17.6 million. Revenue for 2014 was $60.0 million more than expenses. Total expenses decreased from $1,068.5 million in 2013 to $1,054.9 million in 2014, a decrease of $13.6 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, 2014 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 and the Self-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, 2014 District-wide Financial Analysis The Condensed Statement of Net Position Table (Table I), presented on the following page, summarizes and compares the Statement of Net Position for 2014 and 2013. In 2014, the District's net position increased 4.0%, or $60.0 million, over the prior year due primarily to an increase in cash of $49.2 million and a decrease in current liabilities of $12.6 million. Total current and other assets reflected a net increase of 16.2%, or $53.8 million, primarily due to an increase in cash of $49.2 million. Most of this cash accumulated in our SPLOST capital project funds and will be expended as many of our capital projects progress into their final stages of completion. Our SPLOST III cash increased by $10.6 million and our newest SPLOST IV Fund accumulated cash of $35.9 million in its first year of operation. Additionally, our current receivable for taxes and governmental aid increased by $4.8 million, primarily within our General Fund. The decrease in current liabilities was primarily due to a decrease in accounts payable of $11.1 million in our SPLOST capital project funds and a $1.2 million decrease in the General Fund. 7 COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis JUNE 30, 2014 Table I Condensed Statement of Net Postion (Amounts Expressed In Millions) $$112299..44 $157.4 $14.4 $84.0 $1,256.7 Long-Term Liabilities Other Liabilities Net Investment in Capital Assets Res tricted Unrestricted 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 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 2014 $ 385.2 1,256.7 1,641.9 14.4 84.0 98.4 1,256.7 129.4 157.4 $ 1,543.5 Change 2013-2014 16.2% -0.5% 3.0% 2.1% -13.0% -11.1% -0.5% 82.8% 5.0% 4.0% 8 COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis JUNE 30, 2014 Changes in Net Position from Operating Results The Changes in Net Position from Operating Results Table (Table II), presented on the following pages, summarizes and compares the Statement of Activities for 2014 and 2013. Revenues In 2014, the District's total revenues increased 1.6%, or $17.6 million, over the prior year due primarily to an increase in state and federal aid and new ad valorem tax revenue. Operating grants and contributions increased by 1.5%, or $7.8 million, primarily due to an increase in federal grant program revenue. General property taxes increased 1.0%, or $5.2 million, primarily due to the collection of the new Title Ad Valorem Tax on motor vehicles. Charges for services increased by 2.0%, or $1.2 million primarily due to an increase in donation and fundraising revenue at local schools. Other revenue increased by 86.7%, or $2.6 million due primarily to rebates of $1.8 million from Cobb EMC and $0.5 million from Bank of America. Expenses In 2014, the District's total expenses decreased 1.3%, or $13.6 million, over the prior year due primarily to the decision to not replace 182 professional instructional positions vacated through attrition. Instruction decreased by 1.2%, or $8.5 million largely due to fewer professional instructional positions, as noted above. Pupil and Instructional services decreased 10.4%, or $8.4 million, in large part due to fewer instructional positions, and three additional furlough days over the prior fiscal year. Student transportation increased 5.8%, or $2.7 million due to increased fuel and maintenance costs. 9 COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis JUNE 30, 2014 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 2013 2014 Governmental Activities Revenues: Program Revenues: Charges for Services Operating Grants and Contributions Capital Grants and Contributions General Revenues: Taxes Other Total Revenues Expenses: Instruction Pupil and Instructional Services School and Administrative Services Student Transportation M aintenance and Operations Food Nutrition Program Student Activities Total Expenses Increase in Net Positon Beginning Net Position Ending Net Postion O th er Intergovern mental Taxes Capital Gr an ts O perating Gr an ts Charges fo r S ervices $1,200 $1,100 $1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 $0 Expenses 2013 2013 2014 Interest & F is cal Chrg S tud en t A ctivites M aintenance Transp ortation S ch ool & Admin Serv P upil & I nstr Serv Ins truction 2014 Change 2013-2014 $ 60.7 $ 61.9 505.0 512.8 7.3 8.1 521.3 3.0 1,097.3 526.5 5.6 1,114.9 685.7 80.4 156.6 46.9 70.4 28.5 1,068.5 677.2 72.0 161.5 49.6 63.4 0.4 30.8 1,054.9 28.8 1,454.7 60.0 1,483.5 $ 1,483.5 $ 1,543.5 2.0% 1.5% 11.0% 1.0% 86.7% 1.6% -1.2% -10.4% 3.1% 5.8% -9.9% 100.0% 8.1% -1.3% 108.3% 2.0% 4.0% 10 COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis JUNE 30, 2014 Table III Net Cost of Governmental Activities (Amounts Expressed In Millions) Total and Net Costs of Services - 2014 $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 S ervices-- Change 2013 2014 2013-2014 --Net Cost of S ervices-- Change 2013 2014 2013-2014 Instruction $ Pupil and Instructional Services School and Administrative Services Student Transportation M aintenance and Operations Other Total $ 685.7 80.4 156.6 46.9 70.4 28.5 1,068.5 $ 677.2 72.0 161.5 49.6 63.4 31.2 $ 1,054.9 -1.2% $ 238.6 -10.4% 53.5 3.1% 93.5 5.8% 41.3 -9.9% 68.6 9.5% - -1.3% $ 495.5 $ 217.9 48.1 99.9 44.5 61.4 0.2 $ 472.0 -8.7% -10.1% 6.8% 7.7% -10.5% 0.0% -4.7% 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 2014 was $1,054.8 million. Users of the District's programs financed $61.9 million of the costs. Federal and State grants, subsidized programs and contributions financed $520.9 million of the cost. District taxpayers financed the remaining costs of 2014 which totaled $472.0 million. 11 COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis JUNE 30, 2014 The School District's Funds The District ended fiscal year 2014 with a healthy fund balance in its governmental funds. The combined balance of all governmental funds, at $290.0 million, was 30.2% higher than 2013's ending balance of $222.8 million. SPLOST III increased by $15.8 million, or 32.5%, as it received its final year of revenue and entered the final phases of its construction projects. SPLOST IV accumulated a fund balance of $45.7 million, in its first year of tax receipts. Nonmajor governmental fund balances decreased in the aggregate by $1.8 million, or 4.9%. The General Fund's fund balance increased by $7.5 million, or 5.5%, due to a modest increase in State funding over the prior fiscal year. General Fund Budgetary Highlights The 2014 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 2014 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 $72.4 million, and $72.1 million, and $65.9 million in fiscal years 2012, 2013, and 2014 respectively. The 2014 original budget for the General Fund was approved with $811.0 million in revenue and $856.3 million in expenditures, with the expectation of using $45.2 million in fund balance in order to balance the budget. During the course of the year, the board reduced the revenue budget to $810.3 million to reflect updated estimates of local property tax. Expenditures of the General Fund budget were increased to $873.7 million, in order to bring forward amounts for encumbrances from the prior year budget into the current year budget and additional funding for charter schools. For 2014, actual General Fund revenue was $31.2 million more than the final revised budget, a favorable variance of just 3.9%. General Fund expenditures were $39.7 million less than the final revised budget, a favorable variance of only 4.5%. 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. 12 COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis JUNE 30, 2014 General Fund Balance The unassigned General Fund balance at June 30, 2014 was $89.5 million. This represents approximately 39 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 and ended on December 31, 2013. The SPLOST III fund had expenditures of $54.1 million and a fund balance of $64.5 million. SPLOST IV began January 1, 2014. A full listing of SPLOST III and SPLOST IV projects can be located on pages 92-95. Nonmajor Governmental Funds The Nonmajor Governmental Funds had aggregate expenditures of $144.3 million and aggregate fund balances of $37.0 million. SPLOST II fund had expenditures of $1.2 million for the year and ended June 30, 2014. A full listing of 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 $53.2 million, Special Education at $17.2 million, Title I at $19.2 million, and Local School Funds at $29.7 million. Funds ending the year with the highest fund balances were School Nutrition at $20.7 million, Local School Funds at $9.4 million, and After School Program at $3.0 million. The fund balance of Nonmajor Governmental Funds, in aggregate, decreased from $38.8 million in 2013 to $37.0 million in 2014, a decrease of $1.8 million. Descriptions of these funds can be located on pages 51-53. 13 COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis JUNE 30, 2014 Capital Assets and Debt Administration Capital Assets The Capital Assets, Net of Depreciation (Table IV), presented on the following page, summarizes and compares the capital assets for 2014 and 2013. Capital assets decreased 0.5% from $1,262.8 million in 2013 to $1,256.7 million in 2014, a decrease of $6.1 million. Construction in Progress decreased by $7.1 million, or 15.3%, due to completed construction projects funded by SPLOST III. Library and Textbooks decreased by $3.7 million, or 21.8%. 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, 2014 Table IV Capital Assets, Net of Depreciation (Amounts Expressed In Millions) Capital Assets, Net - 2014 $29.0 $13.3 $124.9 $39.2 $1,050.3 Land Construction in Progress Buildings and Improvements Equipme nt Library Books and Textbooks Total Land Construction in Progress Buildings and Improvements Equipment Library Books and Textbooks 2013 Change 2014 2013-2014 $ 115.0 46.3 1,055.0 29.5 17.0 $ 1,262.8 $ 124.9 39.2 1,050.3 29.0 13.3 $ 1,256.7 8.6% -15.3% -0.4% -1.7% -21.8% -0.5% 15 COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis JUNE 30, 2014 Long-Term Obligations As of June 30, 2014, the District had $8.1 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 recent national recession 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. 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 (This page was left blank intentionally) COBB COUNTY SCHOOL DISTRICT STATEMENT OF NET POSITION JUNE 30, 2014 (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 Deposits Payable 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: Capital Projects School Nutrition Services Miscellaneous Grants Unrestricted Total Net Position Governmental Activities $ 282,768 20,659 76,841 2,715 263 1,934 124,917 39,152 1,710,229 115,810 95,629 (829,081) $ 1,641,836 21,081 595 35 61,535 706 4,771 9,650 98,373 1,256,656 110,228 19,213 3 157,363 $ 1,543,463 See accompanying notes to the basic financial statements. 17 COBB COUNTY SCHOOL DISTRICT STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2014 (amounts expressed in thousands)) GOVERNMENTAL ACTIVITIES Instruction Pupil Services Instructional Services School and Administrative Services Student Transportation Maintenance and Operations School Nutrition Program Student Activities Total Governmental Activities Expenses $ 677,187 26,938 45,115 161,460 49,563 63,398 419 30,780 $ 1,054,860 Program Revenues Charges for Services Operating Grants and Contributions Capital Grants and Contributions Net (Expense) Revenue and Changes in Net Position $ 913 $ 451,257 $ 13 20,975 - 2,471 28,035 33,031 - 5,066 2,004 - - 30,970 - $ 61,935 $ 512,800 $ 7,142 $ 159 $ 317 $ 467 $ - $ - $ - $ - $ (217,875) (5,791) (42,327) (99,927) (44,497) (61,394) (419) 190 8,085 $ (472,040) General Revenues: Taxes: Property Taxes Levied for General Purposes Sales Tax Interest Income Other Gain on Disposal of Capital Assets 404,759 121,712 1,697 3,687 175 Total General Revenues 532,030 Change in Net Position Net Position-Beginning of Year 59,990 1,483,473 Net Position-End of Year $ 1,543,463 See accompanying notes to the basic financial statements. 18 COBB COUNTY SCHOOL DISTRICT BALANCE SHEET GOVERNMENTAL FUNDS JUNE 30, 2014 (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 $ 139,599 10,221 62,936 2,598 5,589 92 584 $ 221,619 LIABILITIES,DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES: Liabilities: Accounts Payable $ Intergovernmental Payables Deposits Payable Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities 7,075 595 35 41,521 14,490 11,307 - 75,023 Special Purpose Local Option Sales Tax III Special Purpose Local Option Sales Tax IV Nonmajor Governmental Funds Total Governmental Funds $ 71,703 $ 35,958 $ 35,508 $ 282,768 - 10,438 - 20,659 5,065 - 8,840 76,841 - - 13 2,611 - - 3,643 9,232 - - 114 206 - - 1,350 1,934 $ 76,768 $ 46,396 $ 49,468 $ 394,251 $ 12,253 $ - 5 - - 12,258 678 $ - 678 636 $ - 4,066 1,444 5,589 706 20,642 595 35 45,592 15,934 16,896 706 12,441 100,400 Deferred Inflows of Resources: Unavailable Revenue - Property Taxes Total Deferred Inflows of Resources 3,814 - - - 3,814 3,814 - - - 3,814 Fund Balances: Nonspendable Restricted Committed Assigned Unassigned Total Fund Balances Total Liabilities, Deferred Inflows of Resources, and Fund Balances 676 - 5,000 47,596 89,510 142,782 $ 221,619 $ 64,510 - 64,510 76,768 $ 45,718 - 45,718 46,396 $ 1,464 19,216 14,790 1,557 - 2,140 129,444 19,790 49,153 89,510 37,027 290,037 49,468 $ 394,251 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, 2014 (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 $ 290,037 2,085,737 (829,081) 1,256,656 3,814 1,021 (8,065) $ 1,543,463 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, 2014 (amounts expressed in thousands) REVENUES: Taxes Intergovernmental Tuition and Fees Interest Income Rentals Athletic Ticket Sales Other Total Revenues General Special Purpose Special Purpose Nonmajor Total Local Option Local Option Governmental Governmental Sales Tax III Sales Tax IV Funds Funds $ 405,970 $ 61,813 $ 59,899 $ 1 $ 527,683 431,907 7,935 - 80,895 520,737 14 - - 57,156 57,170 1,637 137 11 61 1,846 1,545 - - - 1,545 - - - 3,219 3,219 3,432 - - 255 3,687 844,505 69,885 59,910 141,587 1,115,887 EXPENDITURES: Current: Instruction Pupil Services Instructional Services School and Administrative Services Student Transportation Maintenance and Operations School Nutrition Program Student Activities Capital Outlay Total Expenditures 601,643 19,489 27,009 78,407 44,326 58,985 419 1,070 4,346 835,694 6,139 47,918 54,057 7,769 6,423 14,192 24,001 4,083 16,074 64,719 1,635 1,301 29,710 2,779 144,302 625,644 23,572 43,083 157,034 45,961 60,286 419 30,780 61,466 1,048,245 Excess (deficiency) of Revenues Over (Under) Expenditures Other Financing Sources (Uses): Transfers-In Transfers-Out Proceeds from Sale of Capital Assets Total Other Financing Sources (Uses) 8,811 162 (1,851) 365 (1,324) 15,828 - 45,718 - (2,715) 1,056 (162) 12 906 67,642 1,218 (2,013) 377 (418) Net Change in Fund Balances 7,487 15,828 45,718 (1,809) 67,224 Fund Balances, Beginning of Year 135,295 48,682 - 38,836 222,813 Fund Balances, End of Year $ 142,782 $ 64,510 $ 45,718 $ 37,027 $ 290,037 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, 2014 (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 increase in compensated absences. $ 67,224 61,466 (3,082) (64,314) (5,930) (1,212) (202) 444 (334) Change in Net Position of Governmental Activities $ 59,990 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, 2014 (amounts expressed in thousands) REVENUES: Local State Federal Other Total Revenues Budgeted Amounts Original Final Actual Amounts Variance With Final Budget - Positive (Negative) $ 399,284 $ 394,274 $ 412,504 $ 407,319 411,528 423,358 3,999 3,999 4,975 460 460 618 811,062 810,261 841,455 18,230 11,830 976 158 31,194 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 Transfers Total Expenditures 611,270 16,671 23,585 14,840 7,448 51,830 3,861 61,383 48,781 14,031 70 18 2,503 856,291 616,044 17,110 26,870 14,860 10,325 51,814 4,111 62,652 50,110 17,202 70 18 2,503 873,689 602,239 19,489 13,993 13,754 7,950 51,294 5,275 58,000 46,162 13,891 70 1,851 833,968 13,805 (2,379) 12,877 1,106 2,375 520 (1,164) 4,652 3,948 3,311 18 652 39,721 Net Change in Fund Balance (45,229) (63,428) 7,487 70,915 Fund Balance, Beginning of Year 135,295 135,295 135,295 - Fund Balance, End of Year $ 90,066 $ 71,867 $ 142,782 $ 70,915 See accompanying notes to the basic financial statements. 23 COBB COUNTY SCHOOL DISTRICT STATEMENT OF NET POSITION PROPRIETARY FUNDS JUNE 30, 2014 (amounts expressed in thousands) Assets: Current Assets: Due from Other Funds Accounts Receivable Prepaids 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 $ 7,664 104 57 7,825 439 1,815 8 1 2,263 4,541 4,541 $ 1,021 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, 2014 (amounts expressed in thousands) Governmental Activities OPERATING REVENUES: Charges for Services Internal Service Funds $ 5,417 OPERATING EXPENSES: School and Administrative Services 5,768 Operating Loss (351) Transfers-In 795 Change in Net Position 444 Total Net Position, Beginning of Year 577 Total Net Posiition, End of Year $ 1,021 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, 2014 (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 Change 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 $ 4,964 (243) (4,879) (637) (795) 795 795 - $ - 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 Accounts Receivable Increase in Due From Other Funds Increase in Prepaids Decrease in Claims Payable Increase in Accounts Payable Total Adjustments $ (351) (104) (349) (57) (53) 119 (444) Net Cash Used in Operating Activities $ (795) See accompanying notes to the basic financial statements. 26 COBB COUNTY SCHOOL DISTRICT STATEMENT OF FIDUCIARY ASSETS AND LIABILITIES FIDUCIARY FUNDS JUNE 30, 2014 (amounts expressed in thousands) Assets: Cash and Cash Equivalents Total Assets Liabilities: Due to Student Groups Payroll Withholdings Payable Total Liabilities Agency Funds $ 21,020 $ 21,020 $ 1,201 19,819 $ 21,020 See accompanying notes to the basic financial statements. 27 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 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, 2014 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) and Special Purpose Local Option Sales Tax IV Fund (SPLOST IV) 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 after-school 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 and unemployment compensation provided to other funds of the District on a cost reimbursement basis. 29 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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. 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. 30 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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 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, 2014 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, 2014, 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 3683-4 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. 32 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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 the asset or revenue recognition criteria has been met. Federal and State Aid Receivables at June 30, 2014 were as follows: Federal Grants State Aid / Grants Federal and State General Fund $ - 62,936 $ 62,936 Special Purpose Local Option Sales Tax III $ - 5,065 $ 5,065 Nonmajor Governmental $ 7,455 1,385 $ 8,840 Total $ 7,455 69,386 $ 76,841 G. Property Taxes: The Cobb County Board of Commissioners fixed the property tax levy for the 2013 tax digest year (calendar year) in July 2013 (levy date) based on property values as of January 1, 2013. Taxes were due on October 15, 2013 (lien date). Taxes collected within the current fiscal year or within 60 days after year-end on the 2013 tax digest are reported as revenue in the governmental funds for fiscal year 2014. 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, 2014 totaled $405,971,000. 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 2013 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 33 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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 $657,945,531 has been collected or on December 31, 2018, whichever occurs first. 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 in-firstout). The District uses the consumption method to account for inventories whereby expenditures are recorded when inventory items are used. J. Prepaid Items: Payments made to vendors for services that will benefit periods subsequent to June 30, 2014, are recorded as prepaids. K. 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. 34 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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 Equipment All $10,000 20 to 50 Years 5 to 10 Years Intangible Assets Library Books and Textbooks $1,000,000 All 10 Years 5 Years Depreciation expense is used to allocate the actual or estimated historical cost of all capital assets over estimated useful lives. L. Deferred Outflows/Inflows of Resources 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. M. 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. 35 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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. 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 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. 36 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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 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 37 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) 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 Schedule of Fund Balances Fund Balances: Special Purpose Special Purpose Nonmajor Local Option Local Option Governmental General Fund Sales Tax III Sales Tax IV Funds Total Nonspendable: Inventory Prepaids $ 584,000 92,000 $ 1,350,000 $ 1,934,000 114,000 206,000 Restricted for: Capital Projects School Nutrition Miscellanous Grants 64,510,000 45,718,000 19,213,000 3,000 110,228,000 19,213,000 3,000 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 New School Building in South Cobb 5,000,000 9,378,000 2,972,000 1,013,000 1,194,000 108,000 125,000 9,378,000 2,972,000 1,013,000 1,194,000 108,000 125,000 5,000,000 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 37,814,000 2,502,000 86,000 1,316,000 4,524,000 1,354,000 823,000 396,000 338,000 37,814,000 2,502,000 86,000 1,316,000 4,524,000 1,354,000 823,000 396,000 338,000 Unassigned: Total Fund Balance 89,510,000 89,510,000 $ 142,782,000 $ 64,510,000 $ 45,718,000 $ 37,027,000 $ 290,037,000 38 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 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, 2014. For the year ended June 30, 2014, 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: Pupil Services Business Services Donations Instruction After School Program Instruction Special Education: Instruction Student Transportation Vocational Education Fund: General Administration Title IV Other Support Service $ 2,379,000 1,164,000 3,000 101,000 5,643,000 258,000 9,000 3,000 39 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 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. 40 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 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, 2014, the District had deposits with a carrying amount of $303,788,861 and a bank balance of $307,568,035. 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, 2014, the District's investments included $237 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 62 days. In addition, the District had $430,823 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. 41 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 Note 3. CASH EQUIVALENTS, DEPOSITS AND INVESTMENTS (Continued) 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. 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, 2014, 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 42 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 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, 2013 $ 114,970,000 46,330,000 161,300,000 1,665,669,000 114,086,000 97,051,000 1,876,806,000 610,681,000 84,624,000 80,013,000 775,318,000 1,101,488,000 $ 1,262,788,000 Increases Decreases Balance June 30, 2014 $ 9,947,000 $ 36,412,000 46,359,000 - $ 124,917,000 (43,590,000) (43,590,000) 39,152,000 164,069,000 44,560,000 7,024,000 4,031,000 55,615,000 (5,300,000) (5,453,000) (10,753,000) 1,710,229,000 115,810,000 95,629,000 1,921,668,000 49,223,000 7,260,000 7,831,000 64,314,000 (8,699,000) $ 37,660,000 $ (5,098,000) (5,453,000) (10,551,000) (202,000) (43,792,000) 659,904,000 86,786,000 82,391,000 829,081,000 1,092,587,000 $ 1,256,656,000 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 $ 51,209,000 3,366,000 2,032,000 4,075,000 3,602,000 30,000 64,314,000 43 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 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, 2014 are disclosed in the following schedule: Governmental Funds: General Fund Nonmajor Governmental Funds: Adult Education Psycho Education Center Title I Miscellaneous Grant Vocational Education Title II Homeless Grant Title III Title IV Local Schools Total Nonmajor Governmental Funds Proprietary Funds: Unemployment Compensation Fund Self-Insurance Fund Total Proprietary Funds Total Re ce ivable $ 5,589,000 3,643,000 3,643,000 464,000 7,200,000 7,664,000 $ 16,896,000 Payable $ 11,307,000 197,000 521,000 3,460,000 29,000 217,000 419,000 7,000 169,000 570,000 5,589,000 $ 16,896,000 44 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 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, 2014, consisted of the following: Transfers Out: General Fund: General Fund General Fund General Fund Total General Fund Nonmajor Governmental Funds: Student Information Systems Fund Facility Use / Public Safety Fund Total Nonmajor Governmental Funds Transfers In: Facility Use / Public Safety Fund Tuition School / Adult High School Fund Self-Insurance Fund General Fund General Fund Total for All Funds Amount $ 855,000 201,000 795,000 $ 1,851,000 $ 2,000 160,000 $ 162,000 $ 2,013,000 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%. 45 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 Note 8. RISK MANAGEMENT (Continued) Estimated claims for the next fiscal year total $1,815,000 and the non-current liability for succeeding years is $4,541,000. In the past, the amount of any insurance settlements has not exceeded the insurance coverage for the past three years. Estimated Unpaid Claims at Beginning of Fiscal Year Claims and Changes in Estimates Claim Payments Estimated Unpaid Claims at End of Fiscal Year 2013 $ 6,309,000 $ 2,721,000 $ (2,621,000) $ 6,409,000 2014 $ 6,409,000 $ 3,142,000 $ (3,195,000) $ 6,356,000 Note 9. LONG-TERM OBLIGATIONS: Fiscal year 2014 long-term obligations are as follows: Accrued Vacation Pay Total Balance 6/30/2013 Added Retired Balance 6/30/2014 Currert Amounts Long-term Due Within One Amounts Due Year After One Year $ 7,731,000 $ 3,168,000 $ (2,834,000) $ 8,065,000 $ 2,956,000 $ 5,109,000 $ 7,731,000 $ 3,168,000 $ (2,834,000) $ 8,065,000 $ 2,956,000 $ 5,109,000 Accrued vacation pay is generally liquidated by the General Fund. 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, 2014 was $49,861,364. 46 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 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, 2014 included additions and renovations at two elementary schools and one high school. As of June 30, 2014, the contract price and expenditures to date for the largest projects were as follows: Projects Contract Price Expenditures To Date Addition/Renovations Birney ES Addition/Renovations Teasley ES Addition/Renovations Wheeler HS $ 3,005,570 5,208,077 23,811,491 $ 2,582,152 581,019 21,946,396 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, 2014, 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. 47 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 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 12.28 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, 2014, 2013 and 2012 were $66,722,934, $63,010,753, and $58,155,546 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. 48 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 Note 13. RETIREMENT PLANS (Continued): 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. 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-three percent (23%) 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. 49 COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2014 Note 14. POSTEMPLOYMENT BENEFITS (Continued): 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. 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, 2014: Certified employees July 2013 - June 2014 Non-Certificated Employees July 2013 - June 2014 $945.00 per member per month $596.20 per member per month No additional contribution was required by the Board for fiscal year 2014 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 2014 2013 2012 Contribution $97,431,371 $91,313,591 $81,239,085 Contribution Percentage 100% 100% 100% 50 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. 51 Miscellaneous Grants School Nutrition (i3) Investing in Innovation Adult Education Psycho Education Center Title I Special Education Vocational Education Title II Race to the Top 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 This fund is established to provide accounting of federal revenues received to execute improvement in the following four areas: teacher effectiveness, implementation of standards and assessments, improvement in data use and collections, and supporting disadvantaged schools. 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. 52 USDA Fruits and Vegetables Title III Title IV Local School Funds 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. 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. 53 COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 (amounts expressed in thousands) ASSETS: Cash and Cash Equivalents Federal and State Aid Receivable Accounts Receivable Due From Other Funds Prepaid Expenditures Inventories Total Assets LIABILITIES AND FUND BALANCES: Liabilities: Accounts Payable Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities Fund Balances: Nonspendable Restricted Committed Assigned Total Fund Balances Total Liabilities and Fund Balances Special Revenue Donations Facility Use/ Public Safety After School Program Performing Arts/ Artist at School Program $ 128 $ 1,258 $ 3,020 $ 108 - - - - - - - - - - - - - - - - - - - - $ 128 $ 1,258 $ 3,020 $ 108 $ 3$ 46 $ 48 $ - - 16 - - - 2 - - - - - - - - - - 3 64 48 - - - - - - - - - 125 1,194 2,972 108 - - - - 125 1,194 2,972 108 $ 128 $ 1,258 $ 3,020 $ 108 54 Tuition School/ Adult High School Misc. Grants Special Revenue School Nutrition (i3) Investing in Innovation Adult Education Psycho Education Center $ 1,057 $ - - $ 1,057 $ - $ 22,180 $ 40 - - 13 - - - 114 - 1,350 40 $ 23,657 $ 3$ - - 3$ -$ - 226 1,119 - - - - - - - - 226 $ 1,119 $ 2$ 7 $ 145 $ 38 2 1,511 4 2 618 - 29 - - - 706 44 40 2,980 -$ 13 $ - - 15 192 - 1 68 - 197 521 - - - - 226 781 1,013 - 1,013 $ 1,057 $ - 1,464 - 19,213 - - - - - 20,677 40 $ 23,657 $ 3 - 3 3$ - - - - - - - 338 - 338 226 $ 1,119 Continued--- 55 COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 (amounts expressed in thousands) ASSETS: Cash and Cash Equivalents Federal and State Aid Receivable Accounts Receivable Due From Other Funds Prepaid Expenditures Inventories Total Assets LIABILITIES AND FUND BALANCES: Liabilities: Accounts Payable Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities Fund Balances: Nonspendable Restricted Committed Assigned Total Fund Balances Total Liabilities and Fund Balances Special Revenue Title I Special Vocational Education Education Title II $ - $ 782 $ -$ - 4,992 830 235 542 - - - - - - - - - - - - - - - - $ 4,992 $ 1,612 $ 235 $ 542 $ 258 $ -$ 15 $ 48 983 1,181 3 61 291 431 - 14 3,460 - 217 419 - - - - 4,992 1,612 235 542 - - - - - - - - - - - - - - - - - - - - $ 4,992 $ 1,612 $ 235 $ 542 56 Race to the Homeless Top Grant Grant Special Revenue USDA Fruits and Vegetables Title III Title IV Local School Funds $ -$ 16 - - - - $ 16 $ -$ 8 - - 8$ -$ - - -$ -$ 220 - - 220 $ - $ 5,735 612 - - - - 3,643 - - - - 612 $ 9,378 $ -$ 15 1 - 16 -$ 1 7 8 -$ 1$ 32 $ - - 39 9 - - 11 1 - - 169 570 - - - - - - 220 612 - - - - - - $ 16 $ - - 8$ - - -$ - - 220 $ - - - - - 9,378 - - - 9,378 612 $ 9,378 Continued--- 57 COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2014 (amounts expressed in thousands) ASSETS: Cash and Cash Equivalents Federal and State Aid Receivable Accounts Receivable Due From Other Funds Prepaid Expenditures Inventories Total Assets LIABILITIES AND FUND BALANCES: Liabilities: Accounts Payable Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities Fund Balances: Nonspendable Restricted Committed Assigned Total Fund Balances Total Liabilities and Fund Balances Districtwide Building Capital Projects Special Purpose Local Option Sales Tax II Student Information Systems Total $ 841 $ - - - - - $ 841 $ -$ - - -$ 396 $ - - 396 $ 35,508 8,840 13 3,643 114 1,350 49,468 $ 18 $ - 18 - - - 823 823 $ 841 $ -$ - -$ - 636 4,066 1,444 5,589 706 12,441 - - -$ 396 396 396 $ 1,464 19,216 14,790 1,557 37,027 49,468 Concluded. 58 (This page was left blank intentionally) COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2014 (amounts expressed in thousands) REVENUES: Taxes Intergovernmental Tuition and Fees Interest Income Athletic Ticket Sales Other Total Revenues Donations $ - - - - 75 75 Special Revenue Facility Use/ After Public School Safety Program Performing Arts/Artist at School Program $ -$ -$ - - - - 1,255 8,139 305 - - - - - - - - 2 1,255 8,139 307 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 Proceeds from Sale of Capital Assets Total Other Financing Sources (Uses) 7 - 825 343 14 - - - 30 - - - 23 488 6,639 - - - - - - 1,288 - - - - - - - - 52 - 74 1,776 7,516 343 1 (521) 623 (36) - 855 - - - (160) - - - - - - - 695 - - Net Change in Fund Balances Fund Balances, Beginning of Year 1 174 623 (36) 124 1,020 2,349 144 Fund Balances, End of Year $ 125 $ 1,194 $ 2,972 $ 108 59 Tuition School/ Adult High School $ - - 666 - - 666 Misc. Grants $ - 216 - - 67 283 Special Revenue School Nutrition (i3) Investing in Innovation $ -$ - 31,898 11 19,040 - 48 - - - 61 - 51,047 11 Adult Education $ - 938 - - - 938 Psycho Education Center $ - 5,304 - - 31 5,335 335 40 - - 17 - 108 245 - 242 1 51,892 - - - - - - - - - - - 1,262 685 303 53,154 (19) (20) (2,107) 201 - 201 182 831 $ 1,013 $ - - - - - 12 - 12 (20) (2,095) 20 22,772 - $ 20,677 $ - - 3,893 - - 1,094 8 - 256 - 938 60 - - 19 - - 4 - - - - - 1 8 938 5,327 3 - 3 - 3$ - 8 - - - - - - - - - 8 - 330 -$ 338 Continued--- 60 COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2014 (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 Proceeds from Sale of Capital Assets Total Other Financing Sources (Uses) Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year Title I $ - 19,161 - - - 19,161 Special Education $ - 17,236 - - - 17,236 Vocational Education $ - 663 - - - 663 Title II $ - 2,456 - - - 2,456 8,823 23 8,078 2,026 131 80 19,161 8,571 2,493 3,920 974 1,278 17,236 264 - - - 97 2,407 9 37 - - - - - - 293 12 663 2,456 - - - - - - - - - - - - - - - - - - - - - - - - - - - - $ -$ -$ -$ - 61 Special Revenue Race to the Top Homeless Grant USDA Fruit and Vegetables Title III Title IV Local School Funds $ -$ -$ -$ -$ -$ - 16 57 195 1,059 1,685 - - - - - - 27,751 - - - - - 9 - - - - - 3,219 - - - - - - 16 57 195 1,059 1,685 30,979 - 1 - 21 878 - - - - 166 276 - 16 36 - 654 219 - - 2 195 208 100 - - 18 - 10 179 - - - - - 9 - - - - - - 29,710 - - - - 24 - 16 57 195 1,059 1,685 29,710 - - - - - 1,269 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,269 - - - - - 8,109 $ -$ -$ -$ -$ - $ 9,378 Continued--- 62 COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2014 (amounts expressed in thousands) REVENUES: Taxes Intergovernmental Tuition and Fees Interest Income Athletic Ticket Sales Other Total Revenues DistrictWide Building $ - - - 2 19 21 Capital Projects Special Purpose Local Option Sales Tax II $ - - - 1 - 1 Student Information Systems $ 1 - - 1 - 2 Total $ 1 80,895 57,156 61 3,219 255 141,587 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 Proceeds from Sale of Capital Assets Total Other Financing Sources (Uses) - 548 - 213 761 (740) - - 337 - 842 1,179 (1,178) - - 24,001 - 4,083 - 16,074 - 64,719 - 1,635 - 1,301 - 29,710 - 2,779 - 144,302 2 (2,715) - 1,056 (2) (162) - 12 (2) 906 Net Change in Fund Balances Fund Balances, Beginning of Year (740) 1,563 (1,178) 1,178 - (1,809) 396 38,836 Fund Balances, End of Year $ 823 $ -$ 396 $ 37,027 Concluded. 63 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, 2014 (amounts expressed in thousands) REVENUES: Local Total Revenues Budgeted Amounts Original Final Actual Amounts $ 75 $ 75 $ 75 75 75 75 Variance With Final Budget - Positive (Negative) $ - - EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services General Administration School Administration Central Operations Total Expenditures 4 4 29 29 52 52 1 1 7 7 96 96 189 189 7 (3) 14 15 30 22 1 - 1 6 21 75 74 115 Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year (114) (114) 1 115 124 124 124 - $ 10 $ 10 $ 125 $ 115 64 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, 2014 (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 $ 1,286 $ 1,255 855 855 855 2,091 2,141 2,110 1,415 676 2,091 1,415 726 2,141 1,288 648 1,936 Variance With Final Budget - Positive (Negative) $ (31) - (31) 127 78 205 Net Change in Fund Balance - - 174 174 Fund Balance, Beginning of Year 1,020 1,020 1,020 - Fund Balance, End of Year $ 1,020 $ 1,020 $ 1,194 $ 174 65 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, 2014 (amounts expressed in thousands) REVENUES: Local Total Revenues Budgeted Amounts Original Final Actual Amounts $ 7,319 $ 7,319 $ 8,139 7,319 7,319 8,139 Variance With Final Budget - Positive (Negative) $ 820 820 EXPENDITURES: Instruction Community Service Operations Total Expenditures 724 6,595 7,319 724 7,135 7,859 825 6,691 7,516 (101) 444 343 Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year - (540) 623 2,349 2,349 2,349 $ 2,349 $ 1,809 $ 2,972 $ 1,163 - 1,163 66 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, 2014 (amounts expressed in thousands) REVENUES: Local Other Total Revenues Budgeted Amounts Original Final Actual Amounts $ 372 $ 372 $ 307 7 - - 379 372 307 Variance With Final Budget - Positive (Negative) $ (65) - (65) EXPENDITURES: Instruction Total Expenditures 379 372 343 29 379 372 343 29 Net Change in Fund Balance Fund Balance, Beginning of Year - - (36) (36) 144 144 144 - Fund Balance, End of Year $ 144 $ 144 $ 108 $ (36) 67 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, 2014 (amounts expressed in thousands) REVENUES: Local Other Total Revenues Budgeted Amounts Original Final Actual Amounts $ 953 $ 933 $ 666 201 201 201 1,154 1,134 867 Variance With Final Budget - Positive (Negative) $ (267) - (267) EXPENDITURES: Instruction 648 628 335 293 Improvement of Instructional Services 127 127 104 23 Educational Media Services 22 22 4 18 School Administration 69 69 8 61 Community Services Operations 288 289 234 55 Total Expenditures 1,154 1,135 685 450 Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year - (1) 182 183 831 831 831 - $ 831 $ 830 $ 1,013 $ 183 68 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, 2014 (amounts expressed in thousands) REVENUES: Local State Federal Total Revenues Budgeted Amounts Original Final Actual Amounts Variance With Final Budget - Positive (Negative) $ -$ 47 $ 67 $ 20 - 7 4 (3) 200 252 212 (40) 200 306 283 (23) EXPENDITURES: Instruction - 40 40 - Pupil Services - 21 18 3 Improvement of Instructional Services 200 246 245 1 Total Expenditures 200 307 303 4 Net Change in Fund Balance Fund Balance, Beginning of Year - (1) (20) (19) 20 20 20 - Fund Balance, End of Year $ 20 $ 19 $ -$ (19) 69 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, 2014 (amounts expressed in thousands) REVENUES: Local State Federal Other Total Revenues Budgeted Amounts Original Final Actual Amounts $ 21,160 $ 21,160 $ 19,092 1,204 1,204 1,310 32,355 32,355 30,588 12 12 69 54,731 54,731 51,059 Variance With Final Budget - Positive (Negative) $ (2,068) 106 (1,767) 57 (3,672) EXPENDITURES: School Nutrition Program Total Expenditures 54,731 54,731 55,065 55,065 53,154 53,154 1,911 1,911 Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year 22,772 (334) 22,772 (2,095) 22,772 $ 22,772 $ 22,438 $ 20,677 $ (1,761) - (1,761) 70 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, 2014 (amounts expressed in thousands) REVENUES: Federal Total Revenues Budgeted Amounts Original Final Actual Amounts $ 10 $ 10 $ 11 10 10 11 Variance With Final Budget - Positive (Negative) $ 1 1 EXPENDITURES: Improvement of Instructional Services 10 10 8 2 Total Expenditures 10 10 8 2 Net Change in Fund Balance - - 3 3 Fund Balance, Beginning of Year - - - - Fund Balance, End of Year $ -$ -$ 3$ 3 71 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, 2014 (amounts expressed in thousands) REVENUES: State Federal Other Sources Total Revenues Budgeted Amounts Original Final Actual Amounts $ 375 $ 378 $ 378 583 560 560 10 - - 968 938 938 Variance With Final Budget - Positive (Negative) $ - - - - EXPENDITURES: Community Service Operations Total Expenditures 968 938 938 - 968 938 938 - Net Change in Fund Balance Fund Balance, Beginning of Year - - - - - - - - Fund Balance, End of Year $ -$ -$ -$ - 72 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, 2014 (amounts expressed in thousands) REVENUES: State Federal Other Total Revenues Budgeted Amounts Original Final Actual Amounts $ 5,056 $ 5,774 $ 4,944 450 480 360 37 39 31 5,543 6,293 5,335 Variance With Final Budget - Positive (Negative) $ (830) (120) (8) (958) EXPENDITURES: Instruction 3,949 4,271 3,893 378 Pupil Services 1,163 1,214 1,094 120 Improvement of Instructional Services 311 330 256 74 General Administration 50 54 49 5 School Administration 3 4 3 1 Business Services 7 9 8 1 Maintenance and Operation of Plant 36 8 4 4 Student Transportation 24 44 20 24 Total Expenditures 5,543 5,934 5,327 607 Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year - 359 8 (351) 330 330 330 - $ 330 $ 689 $ 338 $ (351) 73 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, 2014 (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 $ 19,866 $ 22,197 $ 19,161 19,866 22,197 19,161 9,357 220 7,577 550 333 1,829 19,866 10,089 29 8,771 1,029 149 2,130 22,197 8,872 23 7,621 849 131 1,665 19,161 Variance With Final Budget - Positive (Negative) $ (3,036) (3,036) 1,217 6 1,150 180 18 465 3,036 Net Change in Fund Balance - - - - Fund Balance, Beginning of Year - - - - Fund Balance, End of Year $ -$ -$ -$ - 74 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, 2014 (amounts expressed in thousands) REVENUES: Federal Total Revenues Budgeted Amounts Original Final Actual Amounts $ 19,318 $ 18,969 $ 17,236 19,318 18,969 17,236 Variance With Final Budget - Positive (Negative) $ (1,733) (1,733) EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services General Administration Student Transportation Total Expenditures 11,398 3,837 2,456 708 919 19,318 2,928 5,149 8,763 1,109 1,020 18,969 8,571 2,493 3,920 974 1,278 17,236 (5,643) 2,656 4,843 135 (258) 1,733 Net Change in Fund Balance Fund Balance, Beginning of Year - - - - - - - - Fund Balance, End of Year $ -$ -$ -$ - 75 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, 2014 (amounts expressed in thousands) REVENUES: Federal Total Revenues Budgeted Amounts Original Final Actual Amounts $ 754 $ 678 $ 663 754 678 663 Variance With Final Budget - Positive (Negative) $ (15) (15) EXPENDITURES: Instruction 498 557 556 1 Improvement of Instructional Services 230 97 97 - General Administration 26 24 10 14 Total Expenditures 754 678 663 15 Net Change in Fund Balance Fund Balance, Beginning of Year - - - - - - - - Fund Balance, End of Year $ -$ -$ -$ - 76 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, 2014 (amounts expressed in thousands) REVENUES: Federal Total Revenues Budgeted Amounts Original Final Actual Amounts $ 2,030 $ 4,602 $ 2,456 2,030 4,602 2,456 Variance With Final Budget - Positive (Negative) $ (2,146) (2,146) EXPENDITURES: Improvement of Instructional Services General Administration Total Expenditures 1,810 220 2,030 4,159 443 4,602 2,245 211 2,456 1,914 232 2,146 Net Change in Fund Balance - - - - Fund Balance, Beginning of Year - - - - Fund Balance, End of Year $ -$ -$ -$ - 77 COBB COUNTY SCHOOL DISTRICT RACE TO THE TOP-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, 2014 (amounts expressed in thousands) REVENUES: Federal Total Revenues Budgeted Amounts Original Final Actual Amounts $ 19 $ 19 $ 16 19 19 16 Variance With Final Budget - Positive (Negative) $ (3) (3) EXPENDITURES: Improvement of Instructional Services 19 19 16 3 Total Expenditures 19 19 16 3 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, 2014 (amounts expressed in thousands) REVENUES: Federal Total Revenues Budgeted Amounts Original Final Actual Amounts $ 52 $ 66 $ 57 52 66 57 Variance With Final Budget - Positive (Negative) $ (9) (9) EXPENDITURES: Instruction General Administration Student Transportation Total Expenditures 2 1 1 - 33 38 38 - 17 27 18 9 52 66 57 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, 2014 (amounts expressed in thousands) REVENUES: Federal Total Revenues Budgeted Amounts Original Final Actual Amounts $ 195 $ 195 $ 195 195 195 195 Variance With Final Budget - Positive (Negative) $ - - EXPENDITURES: School Nutrition Total Expenditures 195 195 195 - 195 195 195 - 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, 2014 (amounts expressed in thousands) REVENUES: Federal Total Revenues Budgeted Amounts Original Final Actual Amounts $ 1,388 $ 1,737 $ 1,059 1,388 1,737 1,059 Variance With Final Budget - Positive (Negative) $ (678) (678) EXPENDITURES: Instruction 111 97 21 76 Pupil Services 283 320 166 154 Improvement of Instructional Services 944 985 625 360 General Administration 50 29 29 - Student Transportation - 50 10 40 Other Support Services - 256 208 48 Total Expenditures 1,388 1,737 1,059 678 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, 2014 (amounts expressed in thousands) REVENUES: Federal Total Revenues Budgeted Amounts Original Final $ 1,846 $ 2,217 1,846 2,217 Actual Amounts $ 1,685 1,685 Variance With Final Budget - Positive (Negative) $ (532) (532) EXPENDITURES: Instruction 1,045 1,215 902 313 Pupil Services 251 322 276 46 Improvement of Instructional Services 35 52 10 42 Federal Grant Administration 169 238 209 29 Business Support Services 49 68 48 20 Maintenance & Operations 19 19 9 10 Student Transportation Other Support Service Total Expenditures 223 254 179 75 55 49 52 (3) 1,846 2,217 1,685 532 Net Change in Fund Balance Fund Balance, Beginning of Year - - - - - - - - Fund Balance, End of Year $ -$ -$ -$ - 82 (This page was left blank intentionally) 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 two individual funds in the Internal Service Funds category. The Unemployment Compensation and SelfInsurance 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, 2014 (amounts expressed in thousands) Assets: Unemployment Compensation Fund SelfInsurance Fund Total Current Assets: Accounts Receivable Due from Other Funds Prepaids Total Current Assets $ -$ 104 $ 104 464 7,200 7,664 - 57 57 464 7,361 7,825 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 $ 10 429 439 - 1,815 1,815 - 8 8 - 1 1 10 2,253 2,263 - 4,541 4,541 454 $ 567 $ 1,021 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, 2014 (amounts expressed in thousands) OPERATING REVENUES: Charges for Services Total Revenues Unemployment Compensation Fund SelfInsurance Fund Total $ 265 $ 5,152 $ 5,417 265 5,152 5,417 OPERATING EXPENSES: School and Administrative Services 231 5,537 5,768 Operating Income (Loss) Transfers-In 34 (385) (351) - 795 795 Change in Net Position Total Net Position, Beginning of Year 34 410 444 420 157 577 Total Net Position, End of Year $ 454 $ 567 $ 1,021 85 COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2014 (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 Change in Cash and Cash Equivalents Cash and Cash Equivalents at Beginning of Year Cash and Cash Equivalents at End of Year Reconciliation of Operating Income (Loss) to Net Cash Used in Operating Activities: Operating Income (Loss) Adjustments to Reconcile Operating Income (Loss) to Net Cash Used in Operating Activities: Increase in Accounts Receivable Increase in Due From Other Funds Increase in Prepaid Items Decrease in Claims Payables Increase (Decrease) in Accounts Payable Total Adjustments Net Cash Used in Operating Activities Unemployment Compensation Fund SelfInsurance Fund Total $ 257 $ 4,707 $ 4,964 - (243) (243) (257) (4,622) (4,879) - (637) (637) - (795) (795) - 795 795 - 795 795 - - - - - - $ -$ -$ - $ 34 $ (385) $ (351) - (104) (104) (8) (341) (349) - (57) (57) - (53) (53) (26) 145 119 (34) (410) (444) $ -$ (795) $ (795) 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, 2014 (amounts expressed in thousands) Agency Funds ASSETS: Cash and Cash Equivalents Total Assets Student Activity Payroll Withholding Total $ 1,201 $ 19,819 $ 21,020 1,201 19,819 21,020 LIABILITIES: Due to Student Groups Payroll Withholdings Payable Total Liabilities 1,201 - $ 1,201 $ 19,819 1,201 19,819 19,819 $ 21,020 88 COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF CHANGES IN FIDUCIARY ASSETS AND LIABILITIES FIDUCIARY FUNDS FOR THE YEAR ENDED JUNE 30, 2014 (amounts expressed in thousands) ASSETS: Cash and Cash Equivalents Balance, Beginning of Year Additions Deductions Balance, End of Year Student Activity Payroll Withholding Total $ 1,086 $ 27,882 $ 28,968 1,220 437,248 438,468 (1,105) (445,311) (446,416) $ 1,201 $ 19,819 $ 21,020 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 $ 1,086 $ 1,220 (1,105) 1,201 -$ - - 1,086 1,220 (1,105) 1,201 - 27,882 27,882 - 437,248 437,248 - (445,311) (445,311) - 19,819 19,819 1,086 1,220 (1,105) 27,882 437,248 (445,311) 28,968 438,468 (446,416) $ 1,201 $ 19,819 $ 21,020 89 COBB COUNTY SCHOOL DISTRICT SPLOST II - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2014 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 BRUMBY REPLACEMENT ES 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 06/30/14 Expended FY14 Encumbered as of 6/30/14 Uncommitted 823,770 $ 823,770 $ -$ -$ - 1,080,973 1,080,973 - - - 401,502 401,502 - - - 62,116,820 62,116,820 - - - 1,016,811 1,016,811 - - - 9,833,156 9,833,156 - - - 2,846,000 2,846,000 - - - 1,076,773 1,076,773 - - - 5,054 5,054 - - - 16,817,268 16,817,268 - - - 923,413 923,413 - - - 1,003,258 1,003,258 - - - 1,421,081 1,421,081 - - - 1,615,824 1,615,824 - - - 1,361,455 1,361,455 - - - 728,684 728,684 - - - 738,952 738,952 - - - 2,689,856 2,689,856 - - - 841,995 841,995 841,995 - - 1,356,903 1,356,903 - - - 709,802 709,802 - - - 10,756,715 10,756,715 - - - 8,594,251 8,594,251 - - - 921,583 921,583 - - - 892,994 892,994 - - - 2,168,430 2,168,430 - - - 3,721,275 3,721,275 - - - 1,571,725 1,571,725 - - - 2,836,814 2,836,814 - - - 1,049,921 1,049,921 - - - 6,051,974 6,051,974 - - - 832,253 832,253 - - - 3,312,921 3,312,921 - - - 13,211,859 13,211,859 - - - 1,129,993 1,129,993 - - - 5,915,255 5,915,255 - - - 1,291,821 1,291,821 - - - 5,743,046 5,743,046 - - - 1,334,018 1,334,018 - - - 343,028 343,028 - - - 2,154,968 2,154,968 - - - 4,953,068 4,953,068 - - - 8,077,787 8,077,787 - - - 1,002,063 1,002,063 - - - 957,286 957,286 - - - 1,729,766 1,729,766 - - - 977,364 977,364 - - - 859,512 859,512 - - - 12,725,500 12,725,500 - - - 4,173,373 4,173,373 - - - 3,486,282 3,486,282 - - - 585,285 585,285 - - - 468,819 468,819 - - - 1,372,303 1,372,303 - - - 799,639 799,639 - - - 3,276,768 3,276,768 - - - 40,115,926 40,115,926 - - - 2,664,727 2,664,727 - - - 1,008,828 1,008,828 - - - 1,503,009 1,503,009 - - - 814,807 814,807 - - - 1,140,833 1,140,833 - - - 2,126,656 2,126,656 - - - 16,835,317 16,835,317 337,154 - - 1,485,700 1,485,700 - - - 1,774,528 1,774,528 - - - 90 COBB COUNTY SCHOOL DISTRICT SPLOST II - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2014 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 5,668,221 3,630,267 1,694,292 2,478,778 1,324,032 5,489,758 18,867,746 1,648,166 6,756,949 24,008 5,054 486,469 10,621,636 1,051,615 22,997,902 7,862,198 2,922,172 1,284,850 1,441,750 7,444,205 714,661 848,969 11,666,370 4,948,946 1,334,539 7,937,894 1,031,233 6,184,043 23,205,024 3,177,003 777,488 7,368,798 2,717,331 1,145,446 1,991,959 7,758 867,986 9,017,998 1,315,854 15,054 8,179,546 899,170 6,229 4,047,087 8,381,456 852,536 2,038,452 5,613,762 1,381,340 5,355,275 3,622,138 8,939,900 17,377,044 1,755,069 909,017 734,534 2,920,278 1,011,213 1,167,537 12,226,685 10,509,682 250,581 1,347,300 109,207 88,230 587,857,030 135,137,762 722,994,792 $ Expended Inception through 06/30/14 5,668,221 3,630,267 1,694,292 2,478,778 1,324,032 5,489,758 18,867,746 1,648,166 6,756,949 24,008 5,054 486,469 10,621,636 1,051,615 22,997,902 7,862,198 2,922,172 1,284,850 1,441,750 7,444,205 714,661 848,969 11,666,370 4,948,946 1,334,539 7,937,894 1,031,233 6,184,043 23,205,024 3,177,003 777,488 7,368,798 2,717,331 1,145,446 1,991,959 7,758 867,986 9,017,998 1,315,854 15,054 8,179,546 899,170 6,229 4,047,087 8,381,456 852,536 2,038,452 5,613,762 1,381,340 5,355,275 3,622,138 8,939,900 17,377,044 1,755,069 909,017 734,534 2,920,278 1,011,213 1,167,537 12,226,685 10,509,682 250,581 1,347,300 109,207 88,230 587,857,030 135,137,762 722,994,792 $ Expended Encumbered FY14 as of 6/30/14 Uncommitted - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,179,149 - - - - - 1,179,149 $ -$ - 91 COBB COUNTY SCHOOL DISTRICT SPLOST III - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2014 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 ES (NOW TEASLEY PRIMARY) BRUMBY ELEMENTARY BRUMBY REPLACEMENT 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 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 Revised Budget Expended Inception through 06/30/14 Expended FY14 Encumbered as of 6/30/14 Uncommitted 1,115,872 $ 1,436,778 1,332,568 2,480,521 2,330,517 694,428 4,690,352 4,529,731 600,564 1,578,810 6,183,466 1,479,896 2,358,355 4,065,759 1,213,377 759,642 1,436,514 3,306,941 2,273,427 1,138,244 5,737,446 6,610,960 2,067,779 3,606,634 184,107 6,049,319 991,925 2,068,424 1,914,937 6,451,590 3,263,216 2,445,083 2,586,627 2,521,373 1,608,508 2,430,103 2,267,774 541,642 20,236,387 1,512,377 1,649,939 3,163,879 4,143,737 1,569,342 10,977,268 4,198,504 1,755,387 2,390,719 1,325,409 21,886,234 316,788 1,576,547 1,622,731 1,014,287 3,942,523 3,047,583 1,393,922 3,576,834 3,395,141 1,661,750 2,431,709 5,864,110 23,048,401 3,463,904 3,169,936 1,046,813 $ 1,386,057 1,181,285 2,309,925 2,079,392 619,747 4,459,015 4,458,563 69,912 1,520,456 6,132,517 1,399,073 2,169,396 3,674,807 1,146,622 696,210 1,282,035 3,306,941 2,095,382 1,062,078 5,625,958 6,509,228 1,699,506 3,495,223 184,107 5,988,711 893,022 1,928,515 1,848,390 6,351,146 3,062,060 2,355,403 2,482,311 2,432,087 1,548,200 2,355,515 2,075,432 541,640 20,119,471 1,441,208 1,455,099 2,543,585 3,901,476 1,459,654 10,914,016 3,921,248 1,679,368 2,184,295 1,245,957 21,274,911 312,659 864,966 1,538,316 941,419 3,796,661 2,812,246 1,320,791 3,488,602 2,867,821 1,347,005 2,358,267 5,760,740 12,753,771 3,390,661 3,085,419 48,978 $ 144,160 1,023,710 267,138 1,110,553 41,386 402,895 1,097,795 31,881 110,209 61,473 56,116 53,658 909,055 164,435 227,735 78,058 3,306,941 677,264 67,643 361,147 1,371,722 253,438 39,870 50,773 44,383 655,361 101,348 224,148 127,235 116,742 147,993 277,096 49,313 123,163 146,911 53,253 116,245 75,325 911,774 782,370 66,407 580,092 920,682 41,932 157,917 273,348 7,026,989 28,893 666,108 72,978 44,120 113,741 313,785 33,006 38,939 376,704 243,003 433,570 378,678 2,303,511 84,467 241,222 61,691 $ 45,735 151,666 63,298 181,020 39,574 60,351 64,521 28,704 53,644 46,288 31,991 65,167 230,346 57,979 24,487 81,834 89,470 68,563 85,854 75,978 319,451 96,254 57,707 36,853 52,945 58,987 66,869 115,968 82,297 75,358 80,456 49,633 66,649 162,624 101,028 56,032 69,748 576,491 31,967 102,551 46,497 143,214 61,217 190,000 53,792 119,900 704,552 67,852 44,629 88,198 240,798 53,476 42,651 389,592 76,541 51,028 70,552 2,185,982 57,663 68,721 7,368 4,986 (383) 107,298 70,105 35,107 170,986 6,647 501,948 4,710 4,661 48,832 123,792 160,606 8,776 38,945 72,645 88,575 7,603 25,634 25,754 48,822 15,157 2,901 62,050 86,964 7,560 33,575 85,188 7,383 28,958 8,830 10,675 7,939 29,718 2 15,888 15,137 125,092 43,803 210,294 7,137 16,755 134,042 14,802 16,424 25,660 491,423 4,129 7,029 16,563 28,239 57,664 (5,461) 19,655 45,581 137,728 238,204 22,414 32,818 8,108,648 15,580 15,796 92 COBB COUNTY SCHOOL DISTRICT SPLOST III - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2014 LOCATION/DESCRIPTION LABELLE ELEMENTARY 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 ELEMENTARY 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 TOTAL PROJECT EXPENDITURES $ Approved Budget 537,008 19,710,822 1,078,833 2,194,040 747,495 2,541,438 78,500 - 28,150,542 4,925,337 1,327,752 820,382 518,652 110,691 18,904,274 690,684 4,945,324 914,540 2,083,632 2,433,140 3,828,525 937,614 3,006,933 29,811,178 1,924,009 772,510 7,299,608 63,477 3,300,243 17,072,723 926,767 26,949,449 17,804,561 3,742,333 657,886 896,148 323,888 1,611,065 372,663 786,539 1,446,584 1,415,981 1,057,753 899,547 19,920,740 1,262,673 5,472,621 28,170,146 6,227,104 28,519,045 25,333,056 970,841 231,269,444 6,640,133 1,782,903 769,896 1,473,177 4,070,429 613,490 3,456,045 18,303,208 9,409,088 379,955 491,861 229,503 797,656,675 $ Revised Budget Expended Inception through 06/30/14 1,341,490 1,204,717 20,935,401 20,772,271 2,236,514 2,163,180 2,198,044 2,146,280 1,692,834 1,625,124 2,662,672 2,605,441 1,532,471 1,243,582 370,770 370,767 22,153,508 22,025,601 4,768,035 3,980,671 1,053,981 1,052,436 701,581 698,472 516,902 516,899 761,491 718,297 11,816,689 11,768,977 1,581,465 1,510,903 7,315,593 4,330,632 1,479,481 1,049,100 2,031,691 1,932,130 2,814,815 2,374,684 3,902,332 3,499,133 1,309,160 1,253,027 2,553,877 2,448,696 21,731,388 21,566,805 2,959,960 1,904,031 1,015,140 508,982 3,561,385 3,460,079 1,113,334 988,785 6,818,681 6,687,028 698,917 633,109 9,075,924 9,024,191 1,715,923 1,199,076 22,172,429 22,161,223 14,104,320 13,983,734 3,857,935 1,465,209 1,156,777 1,098,960 1,401,817 1,295,653 734,609 660,391 2,744,700 2,169,663 422,419 292,962 1,878,100 1,785,281 1,754,620 1,666,740 1,012,681 1,011,041 1,455,662 1,367,519 1,525,018 1,305,492 11,286,918 11,215,336 246,145 242,193 383,049 383,046 6,026,210 2,098,488 31,881,192 31,664,865 5,379,517 5,262,936 25,919,085 25,804,210 15,874,885 15,786,513 2,432,148 1,119,033 15,873,985 8,993,950 5,943,369 5,338,312 12,611,892 2,102,918 1,220,765 1,074,497 1,985,375 1,898,898 3,350,701 3,204,571 1,398,058 1,320,034 7,443,164 7,128,726 - - 29,546,134 28,068,295 10,581,785 7,914,154 4,697,221 4,301,331 441,915 388,956 61,716 627,916,322 $ 60,211 565,150,759 $ Expended FY14 48,691 594,956 701,031 110,215 105,710 118,669 159,304 61,306 155,036 22,756 29,215 197,687 109,251 300,981 350,919 165,484 731,728 464,363 310,172 69,397 327,489 272,210 155,501 308,680 96,772 312,113 44,823 90,975 327,466 1,250,457 264,557 303,548 65,368 45,450 37,210 1,272,136 243,994 108,996 39,366 3,436 84,027 441,427 182,585 59,824 1,192,847 906,050 63,039 390,595 164,756 324,551 1,436,450 1,104,911 627,829 296,029 84,774 154,624 82,732 247,394 2,560,754 2,154,408 751,268 6,749 11,160 54,056,986 $ Encumbered as of 6/30/14 46,920 124,789 55,846 27,167 51,831 49,715 245,303 78,595 83,187 28,594 34,715 62,949 308,573 297,327 81,192 270,507 196,953 40,163 87,995 109,569 994,540 273,213 68,052 49,309 95,717 51,423 38,177 218,357 89,572 312,993 36,177 88,074 53,318 539,449 88,855 57,196 66,826 66,194 194,615 52,851 589,548 44,479 91,154 82,341 69,624 1,242,595 536,365 4,336,844 51,032 67,852 50,751 44,629 143,257 910,388 223,628 1,564 22,827,733 $ Uncommitted 89,853 38,341 17,488 24,597 15,879 7,516 43,586 3 49,312 704,177 1,545 3,109 3 14,600 12,997 7,613 2,676,388 133,054 18,369 169,624 206,246 15,970 17,186 55,014 61,389 232,945 33,254 75,240 35,936 14,385 13,556 298,490 11,206 31,014 2,079,733 21,640 18,090 20,900 35,588 40,602 35,623 21,054 1,640 21,949 24,911 18,731 3,952 3 3,338,174 171,848 25,427 32,534 18,748 70,520 6,880,035 68,692 6,172,130 95,236 18,625 95,379 33,395 171,181 567,451 2,444,003 394,326 52,959 1,505 39,937,830 93 COBB COUNTY SCHOOL DISTRICT SPLOST IV - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2014 LOCATION/DESCRIPTION Approved Budget ACWORTH INTERMEDIATE ADDISON ELEMENTARY ADULT EDUCATION CENTER ALLATOONA HIGH ARGYLE ELEMENTARY AUSTELL ES AWTREY MIDDLE BAKER ELEMENTARY BARBER MIDDLE BELLS FERRY ELEMENTARY BELMONT HILLS ELEMENTARY BIG SHANTY ELEMENTARY BIRNEY ELEMENTARY BLACKWELL ELEMENTARY BRUMBY ELEMENTARY BRUMBY REPLACEMENT ES BRYANT ELEMENTARY BULLARD ELEMENTARY CAMPBELL HIGH CAMPBELL MIDDLE CHALKER ELEMENTARY CHEATHAM HILL 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 COBB REPLACEMENT MIDDLE EAST SIDE 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 @ 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 $ 508,194 $ 2,332,467 143,982 285,769 247,408 212,135 3,733,047 761,365 162,172 292,368 25,663 559,312 461,049 149,157 403,159 23,330,216 3,311,777 487,680 26,034,595 6,032,596 372,035 1,004,221 - 1,402,438 713,483 972,053 5,304,276 575,203 1,391,811 3,105,288 3,455,215 57,742 459,338 3,661,474 29,125,616 54,534 117,079 277,470 1,412,827 984,706 725,907 3,743,963 320,873 534,205 1,500,906 86,000 27,497,531 25,663 4,742,176 383,330 2,519,268 580,902 788,445 1,418,099 613,703 327,289 2,908,159 1,479,566 6,500,000 3,816,562 361,762 Revised Budget Expended Inception through 06/30/14 Expended FY14 Encumbered as of 6/30/14 Uncommitted 726,612 $ 2,459,591 213,478 607,690 381,753 341,094 3,886,274 1,005,584 387,091 451,467 43,361 766,693 659,767 373,339 425,884 28,207,442 3,481,437 734,016 25,976,491 6,188,681 607,837 1,268,556 26,712 1,479,160 922,811 1,203,098 5,457,178 736,392 1,613,256 3,318,683 3,629,891 221,082 472,000 3,883,846 28,657,699 88,362 255,179 503,381 1,616,256 1,166,770 969,656 3,816,946 496,997 547,090 1,715,763 117,632 27,348,016 25,217 4,915,998 407,408 2,708,732 910,910 969,949 1,412,589 953,327 565,373 3,087,838 1,800,535 6,564,716 3,779,082 571,615 -$ - 192,823 528 954 - 172,637 - 5,260,902 - 220,041 454,521 226,142 206,212 221,679 141,664 250,535 6,561 276,780 174,637 138,096 32,831 293,552 199,645 325,247 300,426 62,884 20,136 -$ - 192,823 528 954 - 172,637 - 5,260,902 - 220,041 454,521 226,142 206,212 221,679 141,664 250,535 6,561 276,780 174,637 138,096 32,831 293,552 199,645 325,247 300,426 62,884 20,136 32,256 $ 23,688 63,446 29,890 121,631 18,648 25,239 246,995 20,740 23,184 18,144 195,875 206,474 34,776 29,736 32,256 34,776 17,881 34,272 50,716 26,712 14,112 206,154 33,556 23,249 24,192 20,435 24,400 33,768 22,680 20,435 35,293 34,776 17,136 29,736 193,723 14,504 79,382 25,704 22,176 21,960 16,632 28,060 222,481 30,744 33,463 31,110 27,216 19,152 34,776 55,745 46,182 24,192 120,683 694,356 2,435,903 150,032 577,800 260,122 322,446 3,668,212 758,061 366,351 428,283 25,217 569,864 453,293 165,926 396,148 22,946,540 3,449,181 479,199 25,521,970 5,944,658 573,565 1,217,840 1,465,048 716,657 963,330 5,212,250 712,200 1,592,821 3,294,283 3,596,123 56,738 451,565 3,598,018 28,657,699 53,586 238,043 467,084 1,422,533 875,486 715,637 3,678,850 471,293 524,914 1,693,803 68,169 27,026,404 25,217 4,693,517 376,664 2,475,624 879,800 942,733 1,393,437 628,080 530,597 3,032,093 1,453,927 6,501,832 3,754,890 430,796 94 COBB COUNTY SCHOOL DISTRICT SPLOST IV - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2014 LOCATION/DESCRIPTION LABELLE ELEMENTARY LASSITER HIGH LEWIS ELEMENTARY LINDLEY 6TH GRADE ACADEMY LINDLEY MIDDLE LOST MOUNTAIN MIDDLE LOVINGGOOD MIDDLE MABLETON ELEMENTARY MABRY MIDDLE MCCALL PRIMARY MCCLESKEY MIDDLE MCCLURE MIDDLE MCEACHERN HIGH MILFORD ELEMENTARY MOUNTAIN VIEW ELEMENTARY MTN VIEW REPLACEMENT ELEMENTARY MT BETHEL ELEMENTARY MURDOCK ELEMENTARY NICHOLSON ELEMENTARY NICKAJACK ELEMENTARY NORTH COBB HIGH NORTON PARK ELEMENTARY OAKWOOD HIGH OSBORNE HIGH OSBORNE REPLACEMENT 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 RUSSELL ELEMENTARY SANDERS ELEMENTARY SEDALIA PARK ELEMENTARY SHALLOWFORD FALLS ELEMENTARY SIMPSON MIDDLE SMITHA MIDDLE SOPE CREEK ELEMENTARY SOUTH COBB HIGH SPRAYBERRY HIGH STILL ELEMENTARY SYSTEMWIDE TAPP MIDDLE TEASLEY ELEMENTARY TEASLEY PRIMARY TIMBER RIDGE ELEMENTARY TRITT ELEMENTARY VARNER ELEMENTARY VAUGHAN ELEMENTARY WALTON HIGH WALTON REPLACEMENT HIGH WHEELER HIGH 440 GLOVER STREET 514 GLOVER STREET TOTAL PROJECT EXPENDITURES Approved Budget 160,393 13,447,646 3,396,001 876,943 848,625 7,079,609 32,079 96,236 938,206 32,079 2,413,932 - 8,737,474 64,157 2,695,904 23,330,216 3,744,478 319,277 2,306,880 2,258,194 23,328,254 756,708 386,339 3,290,500 29,900,000 25,663 4,438,112 28,870 2,677,281 128,710 30,000,000 20,943,137 624,080 189,873 6,416 53,892 532,668 3,334,456 881,756 28,870 670,531 470,438 1,521,727 3,469,077 17,960,694 1,072,858 3,383,412 231,771,535 5,049,770 4,749,141 85,000 534,845 3,490,899 320,873 600,441 1,493,167 39,946,400 22,124,756 - - $ 717,844,707 $ Revised Expended Inception Budget through 06/30/14 320,780 - 13,594,276 328,046 3,567,700 - 876,942 - 1,061,866 207,863 7,196,068 232,275 53,176 - 125,306 - 959,339 16,600 49,665 - 2,555,000 127,034 337,813 324,982 9,008,253 - 82,697 - 2,676,235 - 22,946,539 - 3,714,804 - 344,468 - 2,286,921 - 2,411,136 - 23,414,248 421,180 935,763 - 379,620 - 3,265,604 - 29,380,000 - 267,367 215,328 4,691,455 393,901 59,112 - 2,831,419 164,019 355,216 - 29,982,609 - 20,902,354 287,243 825,435 - 307,795 - 237,064 - 189,107 - 676,092 - 3,307,209 - 1,071,165 - 226,289 19,553 689,613 78,754 649,506 148,189 1,516,612 - 3,450,241 - 18,067,738 414,197 1,390,950 - 3,586,876 - 205,831,378 255,358 5,196,549 194,297 4,688,754 28,336 83,522 - 674,199 - 3,658,642 - 554,061 - 812,836 190,582 70,810 - 40,718,878 319,635 21,778,840 385,990 8,826,154 255,107 4,776 717,856,125 $ 4,776 14,192,678 $ Expended Encumbered FY14 as of 6/30/14 - 22,176 328,046 30,500 - 32,760 - 15,250 207,863 13,731 232,275 290,165 - 21,655 - 30,744 16,600 21,350 - 18,144 127,034 22,176 324,982 - - 38,735 - 19,656 - 27,216 - - - 30,744 - 30,744 - 20,160 - 27,216 421,180 60,331 - 27,216 - - - 32,330 - - 215,328 26,645 393,901 46,125 - 30,744 164,019 25,784 - 30,744 - 1,147,848 287,243 27,450 - 195,819 - 110,272 - 226,817 - 19,152 - 148,314 - 30,744 - 30,744 19,553 29,736 78,754 72,114 148,189 32,349 - 21,350 - 36,792 414,197 - - 30,195 - 37,296 255,358 - 194,297 13,333 28,336 326,757 - - - 19,656 - 31,752 - 33,768 190,582 32,256 - 37,210 319,635 1,230,062 385,990 1,091,385 255,107 - 4,776 14,192,678 $ - 8,881,354 $ Uncommitted 298,604 13,235,730 3,534,940 861,692 840,272 6,673,628 31,521 94,562 921,389 31,521 2,405,790 12,831 8,969,518 63,041 2,649,019 22,946,539 3,684,060 313,724 2,266,761 2,383,920 22,932,737 908,547 379,620 3,233,274 29,380,000 25,394 4,251,429 28,368 2,641,616 324,472 28,834,761 20,587,661 629,616 197,523 10,247 169,955 527,778 3,276,465 1,040,421 177,000 538,745 468,968 1,495,262 3,413,449 17,653,541 1,360,755 3,549,580 205,576,020 4,988,919 4,333,661 83,522 654,543 3,626,890 520,293 589,998 33,600 39,169,181 20,301,465 8,571,047 - 694,782,093 95 (This page was left blank intentionally) (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. 96 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 Capital Projects School Nutrition Program Miscellaneous Grants Unrestricted Total Net Position June 30, 2005 $ 653,443 Fiscal Year June 30, 2006 June 30, 2007 $ 873,831 $ 877,694 June 30, 2008 $ 1,054,860 11,361 - 238,391 6,777 - 170,994 11,785 - 319,370 1,826 - 227,758 $ 903,195 $ 1,051,602 $ 1,208,849 $ 1,284,444 Source: District Records 97 June 30, 2009 $ 1,060,388 June 30, 2010 $ 1,054,911 Fiscal Year June 30, 2011 June 30, 2012 $ 1,066,545 $ 1,230,853 June 30, 2013 $ 1,262,788 June 30, 2014 $ 1,256,656 1,523 - 244,178 1,356 - 285,849 163,602 21,676 171,646 56,155 20,200 147,483 49,860 20,924 20 149,881 110,228 19,213 3 157,363 $ 1,306,089 $ 1,342,116 $ 1,423,469 $ 1,454,691 $ 1,483,473 $ 1,543,463 98 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 School Nutrition Program 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, 2005 Fiscal Year June 30, 2006 June 30, 2007 June 30, 2008 $ 581,871 $ 629,565 $ 690,562 $ 729,888 22,342 24,453 25,523 27,550 32,643 36,513 38,970 48,324 142,323 149,359 171,343 186,033 40,610 43,660 45,646 49,432 47,238 53,565 55,836 58,822 - - - - 29,401 29,476 - - 6,375 4,500 4,606 2,413 $ 902,803 $ 971,091 $ 1,032,486 $ 1,102,462 $ 1,340 $ 1,361 $ 1,205 $ 1,481 12 13 6 11 41,514 40,710 44,245 44,199 833 840 893 1,110 30,438 29,651 - - 397,845 38,203 437,251 20,306 481,508 34,884 501,582 866 $ 510,185 $ 530,132 $ 562,741 $ 549,249 $ (392,618) $ (440,959) $ (469,745) $ (553,213) $ 380,687 $ 412,017 $ 445,840 $ 466,320 19,279 20,851 22,473 1,415 115,673 125,742 129,099 128,043 6,283 12,928 14,178 17,428 - - - - 9,447 17,178 21,231 15,070 1 2 4 - - - - - 500 648 523 532 $ 531,870 $ 589,366 $ 633,348 $ 628,808 - - - - $ 139,252 $ 148,407 $ 163,603 $ 75,595 Source: District Records 99 June 30, 2009 June 30, 2010 Fiscal Year June 30, 2011 June 30, 2012 June 30, 2013 June 30, 2014 $ 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 $ 677,187 26,938 45,115 161,460 49,563 63,398 419 30,780 - $ 1,054,860 $ 1,276 $ 1,184 $ 1,241 $ 1,068 $ 1,101 $ 913 11 10 13 11 10 13 43,557 41,142 27,312 27,921 29,104 28,035 2,254 1,332 909 983 1,842 2,004 - - 28,721 29,402 28,608 30,970 468,115 2,739 491,465 199 518,300 541 478,937 30,832 504,819 7,524 512,800 8,085 $ 517,952 $ 535,332 $ 577,037 $ 569,154 $ 573,008 $ 582,820 $ (589,363) $ (553,643) $ (473,336) $ (504,986) $ (495,476) $ (472,040) $ 482,690 $ 470,456 $ 423,694 $ 405,965 $ 400,271 $ 404,759 142 52 43 - - - 110,242 112,395 113,739 122,557 121,008 121,712 7,307 2,323 1,475 1,079 - - - - - - - - 5,931 2,979 3,070 2,076 1,632 1,697 - - - - - - - - - 516 - 175 876 953 2,962 4,015 1,347 3,687 $ 607,188 $ 589,158 $ 544,983 $ 536,208 $ 524,258 $ 532,030 - 512 - - - - $ 17,825 $ 36,027 $ 71,647 $ 31,222 $ 28,782 $ 59,990 100 COBB COUNTY SCHOOL DISTRICT FUND BALANCES, GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS (amounts expressed in thousands) General Fund Reserved Unreserved Nonspendable Restricted Committed Assigned Umassigned Total General Fund June 30, 2005 Fiscal Year June 30, 2006 June 30, 2007 June 30, 2008 $ 18,418 $ 18,825 $ 28,335 $ 26,739 51,463 93,944 114,566 101,848 - - - - - - - - - - - - - - - - - - - - $ 69,881 $ 112,769 $ 142,901 $ 128,587 All Other Governmental Funds Reserved $ Unreserved, reported in: Special Revenues Funds Capital Projects Funds Nonspendable Restricted Committed Assigned Total All Other Governmental Funds $ 79,166 $ 20,543 (43,463) 56,246 $ 127,327 $ 24,459 (88,793) 62,993 $ 61,017 $ 22,063 (18,507) 64,573 $ 21,580 22,627 53,105 97,312 (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 101 June 30, 2009 June 30, 2010 Fiscal Year June 30, 2011 (a) June 30, 2012 June 30, 2013 June 30, 2014 $ 2,714 $ 5,823 $ 77,575 79,783 -$ - -$ - -$ - - - - - 324 353 674 676 - - - - - - - - - - - 5,000 - - 46,256 34,396 59,272 47,596 - - 99,863 98,637 75,349 89,510 $ 80,289 $ 85,606 $ 146,443 $ 133,386 $ 135,295 $ 142,782 $ 24,165 $ 67,008 $ -$ 20,470 22,966 - 115,594 108,716 - - - 1,365 - - 136,076 - - 11,646 - - 11,893 $ 160,229 $ 198,690 $ 160,980 $ -$ 1,706 76,355 11,883 4,737 94,681 $ -$ 1,848 70,804 12,577 2,289 87,518 $ - - 1,464 129,444 14,790 1,557 147,255 102 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 2005 $ 512,566 442,157 58,275 9,447 1 433 3,219 639 1,026,737 Fiscal Year 2006 2007 $ 555,012 470,136 58,905 17,178 2 334 2,908 1,000 1,105,475 $ 593,038 529,965 34,488 21,231 4 397 782 1,179,905 EXPENDITURES: Current: Instruction Pupil Services Instructional Services School and Administrative Services Student Transportation Maintenance and Operations School Nutrition Program Student Activities Interest and Fiscal Charges Capital Outlay Debt Service: Principal Retirement Interest and Fiscal Charges Total Expenditures 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 2008 $ 589,915 519,632 34,795 15,070 1 631 735 1,160,779 700,308 25,206 46,992 167,644 45,002 58,119 92,901 1,810 2,413 1,140,395 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) 2,861 24,938 (26,032) 2 (1,289) 4,062 (128,870) (a) 127,665 (a) 476 30,968 34,827 (35,992) 181 - (984) 29,640 25,953 (27,730) 340 9,865 8,428 20,384 6,345 (8,476) 172 - (1,959) Extraordinary Item: Proceeds from Insurance Recovery Net Change in Fund Balances - - - - $ 3,337 $ 29,984 $ 38,068 $ 18,425 Non-Capitalized Expenditures Capitalized Expenditures Total Expenditures Debt Service as a Percentage of Non-Capitalized Expenditures $ 900,487 123,389 $ 1,023,876 $ 962,671 111,836 $ 1,074,507 $ 1,028,751 121,514 $ 1,150,265 $ 1,055,849 84,546 $ 1,140,395 5.84% 5.49% 5.42% 0.40% (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 103 2009 $ 585,637 477,654 33,143 5,931 11 1,824 1,374 1,105,574 2010 $ 574,944 493,883 31,684 2,979 3 897 1,060 1,105,450 Fiscal Year 2011 2012 $ 540,938 520,316 54,410 3,070 466 3,320 2,753 1,125,273 $ 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 2014 $ 527,683 520,737 57,170 1,846 1,545 3,219 3,687 1,115,887 692,193 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 1,100,356 625,644 23,572 43,083 157,034 45,961 60,286 419 30,780 61,466 1,048,245 16,636 40,491 14,651 (79,649) (5,765) 67,642 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) 1,218 (2,013) 377 - (418) - $ 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) $ 67,224 $ 1,010,754 175,888 $ 1,186,642 $ 997,944 102,412 $ 1,100,356 $ 989,838 58,407 $ 1,048,245 0.73% - - - - - 104 COBB COUNTY SCHOOL DISTRICT PROPERTY TAX LEVIES AND COLLECTIONS JUNE 30, 2014 Property Taxes Collected and Balances Receivable 2008 2009 2010 2011 2012 General Fund Collections Balance Receivable 2013 amounts in thousands $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2014 Balances as of June 30, 2014 (amounts expressed in thousands) General Fund: Total Taxes Levied Collected Current Year Percent of Taxes Collected Subsequent Years Collected Total Collected All Years Balance Receivable Percent of Taxes Collected 2008 2009 2010 2011 2012 2013 2014 Total $ 459,381 $ 477,932 $ 468,234 $ 428,077 $ 403,777 $ 394,842 $ 385,590 $ 3,017,833 454,048 470,480 460,995 422,494 399,261 391,485 383,051 2,981,814 98.84% 98.44% 98.45% 98.70% 98.88% 99.15% 99.34% 98.81% $ 5,140 $ 7,135 $ 6,811 $ 5,157 $ 4,038 $ 2,455 $ - $ 30,736 459,188 477,615 467,806 427,651 403,299 393,940 383,051 3,012,550 $ 193 $ 317 $ 428 $ 426 $ 478 $ 902 $ 2,539 $ 5,283 99.96% 99.93% 99.91% 99.90% 99.88% 99.77% 99.34% 99.82% Statute of limitations for collection of delinquent taxes is seven years as permitted by the State of Georgia; therefore, only seven years of data is available. Source: Office of Tax Commissioner, Cobb County 105 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 Values $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 2005 2006 2007 2008 Motor Vehicles 2009 2010 Public Services 2011 2012 2013 Maint & Operations 2014 (amounts expressed in thousands) Net M&O Net Bond For Maintenance & Operations of Schools For Debt Service of School Bonds Fiscal Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Personal Real Property Property $ 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 16,352,749 1,439,170 Personal Real Property Property $ 17,146,090 $ 1,276,988 18,630,090 1,319,018 20,349,394 1,344,532 - - - - - - - - - - - - - - Total Public Assessed Services Motor Vehicle Value $ 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 20,891,129 893,003 1,716,625 20,401,573 Direct Estimated Rate Actual Value 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 1.890% 51,003,931 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. Source: Office of Tax Commissioner, Cobb County 106 COBB COUNTY SCHOOL DISTRICT DIRECT AND OVERLAPPING PROPERTY TAX RATES LAST TEN FISCAL YEARS 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 2005 2006 2007 2008 2009 School District 2010 2011 County Government 2012 2013 2014 (all tax rates are per $1000 assessed valuation) Fiscal Year 2005 2006 School District Maint & Operations Debt Service 19.90 0.90 19.90 0.90 Total Direct Rate 20.80 20.80 2007 19.90 0.90 20.80 2008 19.90 0.90 20.80 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 2014 18.90 - 18.90 County Government General Fire District Debt Service Total County Rate State of Georgia Total Overlapping Rate 6.85 6.82 6.82 6.82 6.82 6.82 7.72 7.72 7.52 7.52 2.65 2.56 2.56 2.56 2.56 2.56 3.06 3.06 3.06 3.06 0.22 0.22 0.22 0.22 0.22 0.22 0.33 0.33 0.33 0.33 9.72 9.60 9.60 9.60 9.60 9.60 11.11 11.11 10.91 10.91 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.20 0.20 0.15 9.97 9.85 9.85 9.85 9.85 9.85 11.36 11.31 11.11 11.06 Additional Overlapping Rates City of Acworth 7.37 7.87 7.68 7.60 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 4.00 4.00 4.00 City of Kennesaw 6.75 8.25 8.25 9.50 9.50 9.50 9.50 9.50 9.50 9.50 City of Powder Spgs 8.50 8.50 8.50 8.50 8.50 8.50 8.50 8.50 8.50 8.50 City of Smyrna 9.65 9.57 9.17 8.99 8.99 8.99 8.99 8.99 8.99 8.99 Source: Cobb County Government, Georgia Department of Revenue 107 COBB COUNTY SCHOOL DISTRICT PRINCIPAL PROPERTY TAXPAYERS DECEMBER 31, 2013 AND NINE YEARS AGO Principal Property Taxpayers - 2013 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% Inland Properties Walton Communities AT&T/Bellsouth CP Venture Five, LLC Lockheed Martin Corporation Cobb EMC SP4 2300 Windy Ridge LP Ohio Teacher's Retirement Fund Home Depot Georgia Power Taxpayer Georgia Power Home Depot Ohio Teacher's Retirement Fund SP4 2300 Windy Ridge LP Cobb EMC Lockheed Martin Corporation CP Venture Five, LLC AT&T/Bellsouth Walton Communities Inland Properties Wildwood Properties Post Properties AMLI Land Development Trizechahn Properties TOTAL Type of Business Utilities Retail Investment Real Estate Utilities Aircraft Real Estate Telecommunications Real Estate Real Estate Real Estate Real Estate Real Estate Real Estate December 31, 2013 Percent of Total Taxes Taxes Rank Levied Levied 1 $ 9,945,734 2.579% 2 3,889,510 1.009% 3 2,175,214 0.564% 4 2,096,070 0.544% 5 1,950,821 0.506% 6 1,802,652 0.468% 7 1,159,662 0.301% 8 1,083,505 0.281% 9 1,045,840 0.271% 10 1,040,231 0.270% December 31, 2004 Percent of Total Taxes Taxes Rank Levied Levied 5 $ 1,608,184 0.417% 2 3,408,425 0.884% 7 1,553,621 0.403% 6 1,573,253 0.408% 4 2,134,997 0.554% 9 1,221,102 0.317% 1 3,941,796 1.022% 3 2,488,194 0.645% 8 1,397,029 0.362% 10 931,287 0.242% $ 26,189,239 6.793% $ 20,257,888 5.254% Note: School millage rate is 63% of total county rate. Total taxes levied are multiplied by 63% to arrive at amount of school taxes. Information is available only by calendar year; therefore, data reported is for December 31, 2013 and nine years earlier, December 31, 2004. Source: Office of Tax Commissioner, Cobb County, GA 108 COBB COUNTY SCHOOL DISTRICT LEGAL DEBT MARGIN INFORMATION LAST TEN FISCAL YEARS (amounts expressed in thousands) Debt Limit Total debt applicable to limit 2005 $ 2,060,986 84,062 2006 $ 2,209,521 42,103 Fiscal Year 2007 2008 $ 2,393,278 $ 2,418,538 - - 2009 $ 2,528,743 - Legal Debt Margin $ 1,976,924 $ 2,167,418 $ 2,393,278 $ 2,418,538 $ 2,528,743 Total debt applicable as a percentage of debt limit 4.08% 1.91% - - - Debt Limit Total debt applicable to limit 2010 $ 2,477,428 - 2011 $ 2,264,959 - Fiscal Year 2012 $ 2,136,385 - 2013 $ 2,089,113 - 2014 $ 2,040,157 - Legal Debt Margin $ 2,477,428 $ 2,264,959 $ 2,136,385 $ 2,089,113 $ 2,040,157 Total debt applicable as a percentage of debt limit - - - - - Source: District Records 109 COBB COUNTY SCHOOL DISTRICT LEGAL DEBT MARGIN INFORMATION FISCAL YEAR 2014 Legal Debt Information - Fiscal Year 2014 $0 $2,040,157 Total Amount of Debt Applicable to Debt Limit Legal Debt Margin (amounts expressed in thousands) Net Assessed Valuation, Cobb County School District, January 1, 2013 $ 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 $ Sources: Cobb County Office of Tax Commissioner, District Records 110 20,401,573 2,040,157 - 2,040,157 COBB COUNTY SCHOOL DISTRICT RATIOS OF OUTSTANDING DEBT BY TYPE LAST TEN FISCAL YEARS Debt Per Capita $200 $150 $100 $50 $2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 (amounts expressed in thousands, except per capita) Total General Primary Fiscal Obligation Capital Government Year Bonds Leases Debt Annual Personal Income 2005 $ 2006 2007 87,440 $ 44,780 - 8,140 $ 4,239 9,186 95,580 $ 49,019 9,186 25,825,320 27,731,499 29,673,178 2008 - 7,376 7,376 31,428,153 2009 - - - 31,709,070 2010 - - - 30,016,575 2011 - - - 30,246,898 2012 - - - 31,981,653 2013 2014 - - - 33,662,185 - - - 34,419,921 Population 586,245 596,736 606,706 615,377 617,750 618,206 633,084 642,143 649,141 658,101 Debt as a Percentage of Personal Income 0.37% 0.18% 0.03% 0.02% - Total Debt Per Capita $ 163 82 15 12 - Cobb County School District information based on fiscal years beginning July 1 and ending June 30. Demographic and economic data provided by calendar year. Population of 658,101 provided by the US Census Bureau (July 1, 2013 estimate); excludes the City of Marietta. Sources: District Records, Annual Personal Income: US Department of Commerce Bureau of Economic Analysis 111 COBB COUNTY SCHOOL DISTRICT RATIO OF NET GENERAL BONDED DEBT TO ESTIMATED ACTUAL VALUE AND NET BONDED DEBT PER CAPITA LAST TEN FISCAL YEARS 0.18% Ratio of Net Bonded Debt to Estimated Actual Value 0.16% 0.14% 0.12% 0.10% 0.08% 0.06% 0.04% 0.02% 0.00% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Fiscal Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Population 586,245 $ 596,736 606,706 615,377 617,750 618,206 633,084 642,143 649,141 658,101 Estimated Actual Value 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 51,003,931,000 Gross Bonded Debt Restricted for Bonded Debt 87,440,000 $ 44,780,000 3,220,000 $ 2,538,000 - 2,599,000 - 1,826,000 - 1,523,000 - 1,356,000 - - - - - - - - All general obligation bonds were retired in fiscal year 2007. Population provided by US Census Bureau (2013 estimate); excludes the City of Marietta. Net Bonded Debt Ratio of Net Net Bonded Debt Bonded to Est. Debt Per Actual Value Capita 84,220,000 42,242,000 0.16% $ 144 0.08% 71 - - - - - - - - - - - - - - - - - - - - - - - - 112 COBB COUNTY SCHOOL DISTRICT COMPUTATION OF DIRECT AND OVERLAPPING GENERAL OBLIGATION DEBT JUNE 30, 2014 Direct and Overlapping Debt Per Capita $0 $37 Direct: Cobb County Schools Indirect: Cobb County Government Direct General Obligation Debt: Gross Bonded Debt $ - $ Overlapping General Obligation Debt: Cobb County Government (93% of $26,065,000) $ 24,240,450 $ Total Direct and Overlapping General Obligation Debt $ Debt Per Capita:* Direct General Obligation Debt $ Overlapping General Obligation Debt Total $ - 24,240,450 24,240,450 37 37 *Population of 658,101 from US Census Bureau (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. 113 COBB COUNTY SCHOOL DISTRICT COBB COUNTY DEMOGRAPHIC AND ECONOMIC STATISTICS LAST TEN FISCAL YEARS Cobb County Population Growth 750,000 725,000 700,000 675,000 650,000 625,000 600,000 575,000 550,000 525,000 500,000 475,000 450,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Fiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Population 632,900 643,700 654,900 664,700 674,200 676,800 677,300 699,500 707,500 717,190 Personal Income (In Thousands) $ 24,763,449 25,824,320 27,731,499 29,673,178 31,428,153 31,709,070 30,016,575 30,246,898 31,981,653 33,662,185 Per Capita Median Personal Household Income Income $ 39,127 $ 61,087 40,119 62,423 42,345 61,682 44,641 64,817 46,615 70,472 46,851 63,514 44,318 59,896 43,241 57,995 45,204 65,423 46,936 66,300 Median Age 34.4 34.9 35.6 35.9 36.2 34.8 35.4 35.6 35.4 36.1 Student Enrollment 103,285 105,482 106,572 106,056 105,742 106,488 106,836 106,502 107,914 109,529 Unemployment Rate 4.5% 4.8% 4.1% 3.8% 5.6% 8.8% 9.7% 8.9% 8.0% 7.1% Sources: Population from US Census Bureau, includes City of Marietta. Personal Income from US Bureau of Economic Analysis Unemployment Rate from Georgia Department of Labor. Median Household Income from Georgia Department of Labor (HUD and US Census Bureau estimates). Median Age from US Census Bureau. 114 COBB COUNTY SCHOOL DISTRICT PRINCIPAL EMPLOYERS CURRENT YEAR AND NINE YEARS AGO Principal Employers - 2013 60,000 50,000 40,000 30,000 20,000 10,000 - Six Flags Over Georgia Kroger Company Dobbins Air Force Base Publix Super Markets Cobb County Government Kennesaw State University Lockheed Martin Corporation Home Depot Wellstar Health System Cobb County School District Employer Cobb County School District Wellstar Health System Home Depot Lockheed Martin Corporation Kennesaw State University Cobb County Government Publix Super Markets Dobbins Air Force Base Kroger Company Six Flags Over Georgia Genuine Parts Total Rank 1 2 3 4 5 6 7 8 9 10 2013 Employees 13,562 10,961 8,000 6,200 5,207 4,499 3,285 2,380 2,226 2,166 58,486 Percentage of Total County Employment 3.89% 3.15% 2.30% 1.78% 1.49% 1.29% 0.94% 0.68% 0.64% 0.62% 16.78% Rank 1 3 2 4 5 6 7 8 2004 Employees 13,052 8,409 8,421 7,800 Percentage of Total County Employment 3.76% 2.42% 2.43% 2.25% 5,413 3,151 1.56% 0.91% 2,765 2,000 51,011 0.80% 0.58% 14.71% Information is available by calendar year; therefore, data reported is for years ended December 31, 2013, and nine years earlier, December 31, 2004. Principal Employers within the county provided by 2013 and 2004 Cobb County Government CAFRs. Cobb's 2004 CAFR listed only eight principal employers, instead of preferred ten. School District employee totals include each employee in his/her primary job position only. Sources: District Records, Cobb County Government, Georgia Department of Labor 115 COBB COUNTY SCHOOL DISTRICT COMPARISON OF METROPOLITAN ATLANTA SCHOOL DISTRICT PROPERTY TAX RATES JUNE 30, 2014 Metro Atlanta School District Tax Rates Tax Rate 30.000 25.000 20.000 15.000 10.000 5.000 0.000 Atlanta Clayton City County Cobb 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 21.650 18.502 21.850 18.982 26.000 Source: Georgia Department of Revenue Maintenance & Operations 21.640 20.000 18.900 23.980 19.850 18.502 19.800 18.982 26.000 Debt Service 0.100 0.000 0.000 0.000 1.800 0.000 2.050 0.000 0.000 116 COBB COUNTY SCHOOL DISTRICT COBB COUNTY BANK DEPOSITS, CONSTRUCTION AND TAXABLE PROPERTY VALUES LAST TEN CALENDAR 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) Year Ended 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Bank Deposits (a) $ 7,425 8,478 9,369 10,026 10,739 10,542 9,468 9,490 10,269 10,933 Single-Family Residences (b) Number Market of Units Value 2,737 $ 617 2,655 636 2,082 521 1,276 332 510 118 434 99 491 114 597 161 734 204 1,077 316 Total New Construction (b) Number Market of Permits Value 9,727 $ 1,175 10,286 1,262 10,232 1,029 9,687 838 7,019 572 5,102 349 5,594 410 5,587 656 5,667 581 6,320 711 Estimated Actual Value of Taxable Property (c) $ 49,198 51,525 55,238 59,832 60,463 63,219 56,624 53,410 52,227 51,004 (a) Bank deposits as of June 30, 2003 through 2008, supplied by the Georgia Department of Banking and Finance. Bank deposits June 30, 2009 and after, are supplied by the Federal Deposit Insurance Corporation (FDIC). (b) New residence and construction data for the 12-month period ended December 31 is supplied by the Cobb County Community Development Agency and is on a calendar-year basis. (c) Source is Cobb County Tax Commissioner. 117 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 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Gross Property Digest Personal Property Exemption Elderly Exemption Homestead Exemption (amounts expressed in thousands) Fiscal Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Homestead Exemption $ 1,171,954 1,176,070 1,170,390 1,166,776 1,165,038 1,160,256 1,133,942 1,086,141 1,041,831 999,067 Elderly Exemption $ 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 3,420,226 Disabled Residents Exemption $ 15,894 15,610 14,708 14,666 15,099 15,389 15,208 14,608 15,660 16,281 Personal Property Exemption $ 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 1,196,382 Total Conservation Digest Exemption Reductions $ 68,447 $ 4,274,586 83,016 4,708,426 85,575 5,065,264 83,478 5,450,925 80,282 5,462,425 82,041 5,792,517 66,204 6,025,090 53,464 5,734,216 52,676 5,584,480 53,574 5,685,530 Gross Property Digest $ 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 20,401,572 Reductions as Percent of Gross Digest 20.74% 21.31% 21.16% 22.54% 21.60% 23.38% 26.60% 26.84% 26.73% 27.87% Source: Cobb County Office of Tax Commissioner 118 COBB COUNTY SCHOOL DISTRICT NUMBER OF PERSONNEL AND RATIO OF PUPILS TO PROFESSIONAL PERSONNEL LAST TEN FISCAL YEARS Ratio of Pupils to Professional Personnel 15.0 14.0 13.0 12.0 11.0 10.0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Fiscal Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Other Professional Operating Service Personnel (a) Personnel (b) Personnel (c) 8,024 8,508 9,313 9,101 9,213 9,272 8,378 8,290 8,008 2,742 2,961 3,138 3,379 3,391 3,046 2,841 2,970 2,896 2,286 2,335 2,478 2,972 3,049 2,994 2,857 2,847 2,813 7,907 2,821 2,834 Total Personnel 13,052 13,804 14,929 15,452 15,653 15,312 14,076 14,107 13,717 13,562 Active Student Enrollment 103,285 105,482 106,572 106,056 105,742 106,488 106,836 106,502 107,914 109,529 Ratio of Pupils to Professional Personnel 12.9 to 1 12.4 11.4 11.7 11.5 11.5 12.8 12.8 13.5 13.9 (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 employees. Source: District Records 119 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 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Fiscal Year Expenses Active Student Enrollment Cost Per Pupil Enrolled Percentage of Change Professional Personnel 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 $ 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 1,074,140,000 1,068,484,000 1,054,860,000 103,285 105,482 106,572 106,056 105,742 106,488 106,836 106,502 107,914 109,529 $ 8,741 9,206 9,688 10,395 10,472 10,226 9,832 10,086 9,901 9,631 5.32% 5.23% 7.30% 0.74% -2.35% -3.86% 2.58% -1.83% -2.73% 8,024 8,508 9,313 9,101 9,213 9,272 8,378 8,290 8,008 7,907 Ratio of Pupils to Professional Personnel 12.9 to 1 12.4 11.4 11.7 11.5 11.5 12.8 12.8 13.5 13.9 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 120 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 2005 2006 2007 2008 2009 2010 2011 Other Capital Outlay Business Serv. School & Admin. 2012 2013 Pupil Services 2014 Instruction (amounts expressed in thousands) Fiscal Pupil Year Instruction Services School & Administrative Services Business Services 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 $ 538,858 $ 12,698 $ 568,611 15,414 650,506 16,894 711,160 18,716 703,297 19,566 671,102 18,513 635,497 16,755 641,662 17,330 632,579 17,502 628,652 19,489 70,601 74,866 80,690 83,620 85,445 74,888 72,761 78,172 77,821 78,407 $ 78,343 86,146 92,320 100,139 101,253 97,049 93,103 93,237 100,191 103,311 Capital Outlay Other $ 5,217 $ 4,340 5,581 4,063 9,232 5,536 15,970 2,085 14,977 7,676 1,484 - 3,522 - 9,214 - 6,659 - 4,346 1,489 Total $ 710,057 754,681 855,178 931,690 932,214 863,036 821,638 839,615 834,752 835,694 Instruction includes expenditures for Instruction and Instructional Services. Business Services includes expenditures for Student Transportation and Maintenance & Operations. Other includes expenditures for School Nutrition Program and Student Activities. Source: District Records 121 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 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 (amounts expressed in thousands) Fiscal Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Local Taxes $ 377,772 408,599 441,716 460,537 475,294 462,518 427,174 408,123 397,592 405,970 Intergovernmental $ 340,185 381,436 422,286 449,098 404,313 404,856 431,352 391,997 415,168 431,907 Interest Income $ 5,193 9,714 12,150 9,843 4,497 2,475 2,410 1,981 1,562 1,637 Other $ 770 900 799 1,082 2,276 1,830 1,091 1,092 2,406 4,991 Total $ 723,920 800,649 876,951 920,560 886,380 871,679 862,027 803,193 816,728 844,505 Other includes Tuition & Fees, Insurance & Damage Recoveries, Rentals and Other Revenues. Source: District Records 122 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% Fiscal Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Debt Service Fund Expenditures $ 45,197,000 46,158,000 46,571,000 - - - - - - - General Fund Expenditures 710,057,000 754,681,000 855,178,000 931,690,000 932,214,000 863,036,000 821,638,000 839,615,000 834,752,000 835,694,000 Note: Debt Service was fully paid by the end of fiscal year 2007. Source: District Records 123 Ratio of Debt Service Fund to General Fund Expenditures 6.37% 6.12% 5.45% 0.00% 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. 124 COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS School Name 2005 Acworth Intermediate (2001) Square Feet Capacity Enrollment Addison (1989) Square Feet Capacity Enrollment Argyle (1961) Square Feet Capacity Enrollment Austell (2005) Square Feet Capacity Enrollment Baker (1988) Square Feet Capacity Enrollment Bells Ferry (1963) Square Feet Capacity Enrollment Belmont Hills (1952) Square Feet Capacity Enrollment Big Shanty (1968) Square Feet Capacity Enrollment Birney (1973) Square Feet Capacity Enrollment Blackwell (1998) Square Feet Capacity Enrollment Brown (1955) Square Feet Capacity Enrollment Brumby (1966) Square Feet Capacity Enrollment Bryant (1991) Square Feet Capacity Enrollment Bullard (2003) Square Feet Capacity Enrollment Chalker (1997) Square Feet Capacity Enrollment Cheatham Hill (1997) Square Feet Capacity Enrollment 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 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 2009 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 2010 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 2011 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 2014 131,924 913 776 81,334 662 587 56,904 537 480 85,236 562 532 106,694 987 756 83,098 712 593 68,409 562 307 84,461 837 771 105,886 912 775 111,299 837 730 49,828 412 - 99,181 912 1,051 116,071 962 953 136,261 987 894 124,148 963 675 137,108 1,063 1,112 125 COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS School Name 2005 Clarkdale (1963) (a) Square Feet 44,412 Capacity 362 Enrollment 459 Clarkdale Replacement (2012) Square Feet - Capacity - Enrollment - Clay (1961) Square Feet 51,930 Capacity 437 Enrollment 475 Compton (1969) Square Feet 100,586 Capacity 912 Enrollment 692 Davis (1987) Square Feet 87,763 Capacity 787 Enrollment 619 Dowell (1989) Square Feet 106,003 Capacity 962 Enrollment 988 Due West (1957) Square Feet 47,350 Capacity 437 Enrollment 461 East Side (1952) Square Feet 77,918 Capacity 787 Enrollment 831 East Side Replacement (2011) Square Feet - Capacity - Enrollment - Eastvalley (1960) Square Feet 58,150 Capacity 562 Enrollment 565 Fair Oaks (1957) Square Feet 84,153 Capacity 812 Enrollment 707 Ford (1991) Square Feet 91,129 Capacity 837 Enrollment 979 Frey (1996) Square Feet 124,148 Capacity 962 Enrollment 921 Garrison Mill (1984) Square Feet 85,775 Capacity 687 Enrollment 613 Green Acres (1996) Square Feet 90,915 Capacity 687 Enrollment 833 Harmony Leland (1951) Square Feet 68,564 Capacity 357 Enrollment 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 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 2009 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 2010 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 2011 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 391 - 55,412 437 510 99,427 937 453 86,131 788 543 106,003 963 980 70,367 587 553 - 149,764 1,087 1,119 60,029 562 638 97,993 863 837 91,129 862 753 125,717 963 693 85,775 688 723 90,915 688 785 65,127 512 591 2013 2014 - - - - - - 129,988 862 587 129,988 862 631 55,412 437 351 55,412 437 381 99,427 937 556 99,427 937 559 86,131 788 559 86,131 788 584 106,003 963 968 106,003 963 922 70,367 587 547 70,367 587 594 - - - - - - 149,764 1,087 1,221 149,764 1,087 1,304 60,029 562 661 60,029 562 692 97,993 863 831 97,993 863 898 91,129 862 713 91,129 862 681 125,717 963 737 125,717 963 742 85,775 688 716 85,775 688 675 90,915 688 866 90,915 688 767 65,127 512 678 65,127 512 699 Continued--- 126 COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS School Name 2005 Hayes (1993) Square Feet 117,579 Capacity 962 Enrollment 995 Hendricks (2001) Square Feet 123,000 Capacity 962 Enrollment 847 Hollydale (1968) Square Feet 89,995 Capacity 812 Enrollment 854 Keheley (1986) Square Feet 68,030 Capacity 587 Enrollment 547 Kemp (2002) Square Feet 123,000 Capacity 962 Enrollment 868 Kennesaw (1991) Square Feet 113,828 Capacity 962 Enrollment 868 Kincaid (1972) Square Feet 81,752 Capacity 762 Enrollment 606 King Springs (1956) Square Feet 58,785 Capacity 562 Enrollment 589 LaBelle (1955) Square Feet 58,505 Capacity 537 Enrollment 497 Lewis (1986) Square Feet 106,218 Capacity 946 Enrollment 1,074 Mableton (1950) Square Feet 47,426 Capacity 412 Enrollment 483 Mableton Replacement (2012) Square Feet - Capacity - Enrollment - McCall Primary (2005) Square Feet - Capacity - Enrollment - Milford (1954) Square Feet 64,168 Capacity 612 Enrollment 601 Mount Bethel (1978) Square Feet 105,016 Capacity 912 Enrollment 946 Mountain View (1986) Square Feet 102,725 Capacity 862 Enrollment 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 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 2009 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 2010 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 2011 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 2014 119,189 962 961 123,025 962 531 89,012 862 693 70,537 588 484 123,000 962 1,031 116,400 962 712 83,969 762 740 59,658 587 832 82,912 688 576 115,363 962 763 - 148,523 962 950 88,158 562 407 73,352 612 466 110,096 937 1,011 102,725 887 837 127 COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS School Name 2005 Murdock (1975) Square Feet 85,542 Capacity 687 Enrollment 816 Nicholson (1990) Square Feet 75,800 Capacity 637 Enrollment 573 Nickajack (1998) Square Feet 114,350 Capacity 837 Enrollment 810 Norton Park (1961) Square Feet 66,603 Capacity 612 Enrollment 763 Pickett's Mill (2008) Square Feet - Capacity - Enrollment - Pitner (2003) Square Feet 135,800 Capacity 962 Enrollment 1,038 Powder Springs (1988) Square Feet 101,870 Capacity 887 Enrollment 972 Powers Ferry (1951) Square Feet 56,104 Capacity 462 Enrollment 456 Riverside Primary (2005) Square Feet - Capacity - Enrollment - Riverside Intermediate (2001) Square Feet 123,000 Capacity 962 Enrollment 791 Rocky Mount (1977) Square Feet 78,720 Capacity 587 Enrollment 593 Russell (1961) Square Feet 63,212 Capacity 612 Enrollment 662 Sanders (1997) Square Feet 116,302 Capacity 862 Enrollment 941 Sedalia Park (1956) Square Feet 84,051 Capacity 787 Enrollment 771 Shallowford Falls (1990) Square Feet 73,600 Capacity 612 Enrollment 656 Sky View (1957) (b) Square Feet 50,270 Capacity 462 Enrollment 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 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 2009 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 2010 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 2011 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 123,233 962 825 75,800 637 513 122,342 937 960 87,935 837 708 139,090 963 707 136,261 962 942 101,870 888 802 59,190 462 468 85,236 562 561 123,000 962 925 71,408 612 613 103,369 962 693 116,302 862 903 99,735 888 816 112,620 962 674 50,270 462 400 2013 2014 123,233 962 830 123,233 962 859 75,800 637 511 75,800 637 500 122,342 937 1,055 122,342 937 1,130 87,935 837 788 87,935 837 808 139,090 963 723 139,090 963 736 136,261 962 937 136,261 962 909 101,870 888 783 101,870 888 807 59,190 462 467 59,190 462 448 85,236 562 681 85,236 562 710 123,000 962 1,107 123,000 962 1,101 71,408 612 614 72,896 612 602 103,369 962 728 104,362 962 704 116,302 862 829 116,302 862 809 99,735 888 828 99,735 888 815 112,620 962 658 112,620 962 654 - - - - - - Continued--- 128 COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS School Name Smyrna (2013) Square Feet Capacity Enrollment 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 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 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 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 2008 - 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 2009 - 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 2010 - 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 2011 - 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 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 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 2014 143,107 962 863 133,344 1,162 1,181 117,539 963 814 55,944 487 720 73,450 612 610 109,769 937 918 109,827 962 703 122,260 937 659 156,660 1,037 850 178,465 1,162 979 220,228 1,338 1,286 170,905 1,162 936 177,356 1,163 978 166,048 1,187 1,237 183,798 1,212 1,157 173,487 1,162 1,025 129 COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS School Name 2005 East Cobb (1963) Square Feet 165,237 Capacity 1,162 Enrollment 1,289 Floyd (1964) Square Feet 120,560 Capacity 812 Enrollment 929 Garrett (1972) Square Feet 122,329 Capacity 812 Enrollment 847 Griffin (1972) Square Feet 122,698 Capacity 747 Enrollment 993 Hightower Trail (1993) Square Feet 141,264 Capacity 987 Enrollment 946 Lindley 6th Grade Academy (1962) Square Feet 114,635 Capacity 787 Enrollment (b) 455 Lindley (2001) Square Feet 179,170 Capacity 1,162 Enrollment 1,407 Lost Mountain (1992) Square Feet 137,027 Capacity 987 Enrollment 1,513 Lovinggood (2006) Square Feet - Capacity - Enrollment - Mabry (1978) Square Feet 113,212 Capacity 868 Enrollment 882 McCleskey (1983) Square Feet 113,525 Capacity 837 Enrollment 858 McClure (2006) Square Feet - Capacity - Enrollment - Palmer (2001) Square Feet 175,345 Capacity 1,162 Enrollment 1,264 Pine Mountain (1979) Square Feet 119,076 Capacity 792 Enrollment 1,212 Simpson (1988) Square Feet 110,000 Capacity 837 Enrollment 885 Smitha (1993) Square Feet 141,596 Capacity 987 Enrollment 1,292 2006 165,237 1,162 1,257 166,551 1,162 998 122,329 812 923 186,947 1,162 1,095 141,264 987 966 114,635 787 230 179,170 1,162 1,354 137,027 987 1,576 - 158,434 1,137 848 113,525 837 822 - 175,345 1,162 1,173 119,076 792 1,261 110,000 837 844 141,596 987 1,306 2007 181,573 1,212 1,148 166,551 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 2008 181,573 1,212 1,130 166,551 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 2009 181,573 1,212 1,183 166,551 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 2010 181,573 1,212 1,241 166,551 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 2011 181,573 1,212 1,294 166,551 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 2012 186,961 1,362 1,281 166,551 1,112 870 122,329 812 853 186,947 1,162 1,064 149,038 1,012 956 111,260 788 523 179,170 1,162 1,041 165,107 1,137 1,016 175,345 1,162 1,214 160,581 1,162 849 113,525 937 668 191,209 1,163 1,138 175,974 1,162 999 131,399 887 725 110,000 837 862 169,345 1,137 968 2013 2014 186,961 1,362 1,273 186,961 1,362 1,310 166,551 1,112 865 166,551 1,112 969 152,212 963 854 152,212 963 779 186,947 1,162 1,154 186,947 1,162 1,201 149,038 1,012 992 149,038 1,012 1,014 111,260 788 542 111,260 788 589 179,170 1,162 1,072 179,170 1,162 1,089 165,107 1,137 939 165,107 1,137 943 175,345 1,162 1,339 175,345 1,162 1,406 160,581 1,162 847 160,581 1,162 893 149,577 937 678 149,577 937 715 191,209 1,163 1,092 191,209 1,163 1,090 175,974 1,162 963 175,974 1,162 990 169,809 912 706 169,809 912 710 138,902 962 876 143,888 962 895 169,345 1,137 995 169,345 1,137 1,001 Continued--- 130 COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS School Name Tapp (1975) Square Feet Capacity Enrollment 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 2005 157,435 1,137 1,067 - 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 2006 157,435 1,137 1,074 - 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 2007 157,435 1,137 897 - 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 2008 157,435 1,137 891 - 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 2009 157,435 1,137 819 328,370 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 2010 157,435 1,137 737 328,370 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 2011 157,435 1,137 661 328,370 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 2012 157,435 1,137 724 325,200 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 2013 157,435 1,137 761 325,200 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 2014 157,435 1,137 805 325,200 1,912 1,724 374,180 2,637 2,258 337,584 2,587 1,927 319,000 1,987 2,115 321,068 1,987 1,509 319,000 1,987 2,080 310,950 2,112 2,010 504,107 2,362 2,168 406,817 2,787 2,651 328,000 2,062 1,798 319,768 1,788 2,029 260,606 1,912 1,787 388,425 2,612 1,911 297,400 2,062 1,700 307,655 2,312 2,639 131 COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS School Name 2005 2006 Wheeler (1964) Square Feet 270,744 270,744 Capacity 1,762 1,762 Enrollment 1,807 1,806 Oakwood (1944) Square Feet 93,612 93,612 Capacity 462 462 Enrollment 235 219 Performance Learning Center (located at Oakwood) Enrollment - - Hawthorne (Haven) (1958) (c) Square Feet 32,500 32,500 Capacity 312 312 Enrollment 165 182 Fitzhugh Lee (Haven) (1935)(c) Square Feet 35,684 35,684 Capacity 312 312 Enrollment - - Kennesaw Charter (d) Enrollment 435 436 Mableton Charter (d) Enrollment - - International Academy of Smyrna (d) Enrollment - - Devereux Georgia (d) Enrollment - - 2007 318,504 1,837 1,813 93,612 462 288 - 32,500 312 170 35,684 312 - 540 - - 132 2008 318,504 1,837 1,797 93,612 462 286 - 32,500 312 156 35,684 312 - 495 569 414 108 2009 318,504 1,837 1,877 93,612 520 192 58 32,500 312 158 35,684 312 - 504 595 438 115 2010 318,504 1,837 1,981 93,612 462 156 47 32,500 312 160 35,684 312 - 437 472 580 105 2011 318,504 1,837 2,020 93,612 462 175 76 32,500 312 99 35,684 312 42 515 529 744 96 2012 318,504 1,837 1,955 93,858 462 79 57 32,500 312 88 35,684 312 43 614 526 793 62 2013 2014 318,504 1,837 1,948 361,490 2,162 2,049 93,858 462 70 93,858 462 78 59 70 32,500 312 77 32,500 312 69 35,684 312 39 35,684 312 33 782 871 - - 943 944 75 87 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 132 COBB COUNTY SCHOOL DISTRICT TEACHERS' SALARY SCHEDULE LAST TEN FISCAL YEARS $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 2005 2006 2007 Teachers' Salary Range 2008 2009 2010 2011 2012 Minimum Maximum Cobb Average 2013 2014 Fiscal Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Minimum $ 35,233 35,938 37,160 39,140 39,962 38,958 38,958 38,958 38,958 38,958 Maximum $ 76,206 77,730 80,374 82,435 84,204 82,088 82,088 82,088 82,088 82,088 Cobb Average $ 47,191 49,854 51,239 52,977 54,286 53,320 54,168 53,770 54,323 54,435 Note: Minimum reflects T-4 Certification, Step 1; Maximum is T-7 Doctorate, Step 30+. Source: District Salary Schedules Georgia Department of Education State-wide Average $ 43,437 48,247 49,836 51,466 52,823 53,155 52,830 53,002 52,956 52,973 133 COBB COUNTY SCHOOL DISTRICT ADMINISTRATIVE SALARY SCHEDULE JUNE 30, 2014 $200,000 $175,000 $150,000 $125,000 $100,000 $75,000 $50,000 $25,000 $0 Administrative Salary Range Minimum Maximum Administrative 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 $ 186,850 109,835 83,977 98,140 76,455 94,121 83,390 81,616 Maximum $ 186,850 133,320 109,128 111,506 90,245 116,667 111,683 109,911 134 COBB COUNTY SCHOOL DISTRICT SCHEDULE OF INSURANCE IN FORCE JUNE 30, 2014 Type of Coverage Name of Company and Policy Number Policy Period From To Liability Limits Annual Premium Bus, Truck, Motor Self Insured Vehicles Liability Property Theft Self Insured Employee's Travelers Blanket Bond #103317698 General Liability Self Insured Property Boiler Travelers (Includes Insurance) KTJ-CMB-1849M21-A-13 Student Athletic Sentry Life Ins/The Young Group Superintendent's Old Republic Surety Co. Bond APO1178250 Principal's Old Republic Surety Co. Bond APS1177822 Worker's Compensation Self Insured Excess Worker's US Specialty Underwriters Compensation NDE-0812674-13 Disability, Long-Term The Hartford Policy #402273 Disability, Short-Term STD Plan Option 1 The Hartford Policy #402273 STD Plan Option 2 The Hartford Policy #402273 STD Plan Option 3 The Hartford Policy #402273 STD Plan Option 4 The Hartford Policy #402273 STD Plan Option 5 The Hartford Policy #402273 STD Plan Option 6 The Hartford Policy #402273 STD Plan Option 7 The Hartford Policy #402273 STD Plan Option 8 The Hartford Policy #402273 Life Insurance and The Hartford #402273 AD&D Dependent Life Insurance The Hartford Policy #402273 Optional Life and AD&D The Hartford #402273 6/1/1994 Ongoing $300,000 N/A 6/1/1994 Ongoing N/A 7/1/13 7/1/14 $7,500,000 N/A $17,676 6/1/1994 Ongoing $500,000 7/1/13 7/1/14 $500,000,000 N/A $566,347 8/1/13 8/1/14 Varies Student/Parent Funded 7/1/13 7/1/14 $100,000 $350 8/1/13 8/1/14 $10,000 $3,990 N/A N/A Statutory 10/1/14 12/31/14 N/A N/A $1,000,000 1/1/14 12/31/14 Benefit Schedule per salary $1,251,875 1/1/14 1/1/14 1/1/14 1/1/14 1/1/14 1/1/14 1/1/14 1/1/14 1/1/14 1/1/14 1/1/14 12/31/14 8th calendar day. 66.67% of weekly earnings. Employee pays $12.30 per month. 12/31/14 15th calendar day. 66.67% of weekly earnings. Employee pays $10.19 per month. 12/31/14 31st calendar day. 66.67% of weekly earnings. Employee pays $6.68 per month. 12/31/14 61st calendar day. 66.67% of weekly earnings. Employee pays $6.51 per month. 12/31/14 8th calendar day. 50% of weekly earnings. Employee pays $8.99 per month. 12/31/14 15th calendar day. 50% of weekly earnings. Employee pays $7.45 per month. 12/31/14 31st calendar day. 50% of weekly earnings. Employee pays $4.88 per month. 12/31/14 61st calendar day. 50% of Employee pays $4.75 per month. weekly earnings. 12/31/14 Benefit Schedule per salary 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 non- smokers is paid by CCSD. 12/31/14 Benefit Schedule Monthly - employee pays $1 for per salary $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. 12/31/14 Benefit Schedule per salary 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. Continued --- 135 COBB COUNTY SCHOOL DISTRICT SCHEDULE OF INSURANCE IN FORCE JUNE 30, 2014 Type of Coverage Dental Insurance Option: High Plan Name of Company and Policy Number Delta Dental Policy 11-1554000000 Dental Insurance Option: Low Plan Delta Dental Policy 11-1554000000 Cancer Insurance Economy Plan Standard Plan Deluxe Plan Critical Illness Insurance Ages 18-35 Years Allstate Insurance Policy #V1935 Policy #V1935 Policy #V1935 Allstate Insurance Policy #V1935 Ages 36-50 Years Policy #V1935 Ages 51-60 Years Policy #V1935 Ages 61-63 Years Policy #V1935 Ages 64+ Years Policy #V1935 Vision Insurance Preferred Plus Plan Avesis 9155NC Base Plan 9155NC Legal Insurance ARAG Group Policy #17840-001 Policy Period From To Liability Limits Annual Premium 1/1/14 1/1/14 12/31/14 Plus Plan provides preferred Monthly - employee pays $33.07 for rates with a maximum single coverage, $61.83 for employee coverage of $1,000 per participant per calendar plus one, or $100.85 for family coverage. year. 12/31/14 Base Plan has co-pays for Monthly - employee pays $11.57 for Preventative and Diagnostic single coverage, $21.63 for employee services with a maximum of plus one, or $37.05 for family $750 coverage per coverage. participant per calendar year. 1/1/14 1/1/14 1/1/14 1/1/14 12/31/14 Based on Benefit Schedule Monthly - employee pays rates depending on chosen plan. 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. 12/31/14 Provides $10,000 critical Monthly - employee pays rates illness coverage to depending age and smoking status. employee; $5,000 to insured Non-smoker pays $4.33 for self; $6.62 spouse and dependents. for family. Smoker pays $5.78 for self; $8.81 for family. Non-smoker pays $9.78 for self; $14.79 for family. Smoker pays $14.75 for self; $22.25 for family. Non-smoker pays $19.64 for self; $29.59 for family. Smoker pays $30.76 for self; $46.27 for family. Non-smoker pays $33.28 for self; $50.04 for family. Smoker pays $49.07 for self; $73.73 for family. Non-smoker pays $53.31 for self; $80.09 for family. Smoker pays $79.42 for self; $119.25 for family. 12/31/14 Based on Benefit Schedule 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 $2.70 each month. Single coverage is $4.72; coverage for employee plus one family member is $8.82, and family coverage is $13.10 each month. 12/31/14 Based on Benefit Schedule Monthly - employee pays $12.27 for single coverage or $15.23 for family Coverage. Concluded. Source: District Records 136 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 2005 2006 2007 Meals Served 2008 2009 Lunch 2010 2011 Breakfast 2012 2013 2014 (amounts expressed in thousands) Lunch Meals Served: Free Reduced Paid Total Daily Average Student Price 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 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 5,974 748 4,031 10,753 64 $2.15-$2.40 Breakfast Meals Served: Free Reduced Paid Total Daily Average Student Price 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 2,586 206 354 3,146 19 $1.25 Total Meals Served: Free Reduced Paid Total Daily Average Source: District Records 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 8,560 954 4,385 13,899 83 137 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 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Fiscal Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Elementary 65 68 68 68 68 68 68 68 67 67 Middle 21 22 24 24 25 25 25 25 25 25 High 16 16 17 17 17 17 16 16 16 16 Elementary, Middle and High Schools only. Special schools not listed. Oakwood High School converted to digital academy in 2012 becoming a Special school. Sky View Elementary converted to Administrative Facility in 2013. In 2014, Brown Elementary closed and Smyrna Elementary opened for instruction. 138 Total 102 106 109 109 110 110 109 109 108 108 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 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Average Daily Enrollment 103,061 104,901 107,082 106,734 106,256 106,835 106,868 106,944 108,240 109,752 Average Daily Attendance 98,567 100,432 102,648 102,497 102,144 102,444 102,732 103,008 103,857 105,548 Attendance Percentage 95.64% 95.74% 95.86% 96.03% 96.13% 95.89% 96.13% 96.32% 95.95% 96.17% Number of Graduates 6,267 6,413 6,522 6,765 7,126 7,177 7,350 7,192 7,425 7,313 Graduate Percentage 94.06% 94.41% 92.91% 91.85% 98.36% 97.61% 93.91% 99.41% 99.48% 98.37% Note: Number of Graduates divided by Grade 12 Active Enrollment from page 140, includes Special Ed students. Source: District Records 139 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 2005 2006 Active Enrollment By Grade Level 2007 2008 2009 2010 2011 2012 2013 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 2014 Fiscal Pre-K Grade Grade Grade Grade Grade Grade Grade Grade Grade Grade Grade Grade Year and K 1 2 3 4 5 6 7 8 9 10 11 12 2005 9,255 7,750 7,764 7,766 7,972 7,977 8,130 8,071 8,287 9,114 7,610 6,926 6,663 2006 9,611 7,993 8,012 8,013 7,964 8,141 8,031 8,264 8,201 9,141 8,101 7,217 6,793 2007 9,604 8,246 8,061 8,303 7,921 8,229 8,069 8,132 8,280 8,950 8,171 7,586 7,020 2008 9,065 8,260 8,262 8,233 8,052 8,037 8,035 8,143 8,187 8,928 8,083 7,406 7,365 2009 8,874 8,142 8,176 8,298 8,147 8,189 7,812 7,973 8,254 8,810 8,331 7,491 7,245 2010 9,262 8,029 8,286 8,285 8,291 8,230 8,131 7,822 8,007 9,850 7,391 7,551 7,353 2011 9,253 8,292 8,001 8,369 8,166 8,344 8,077 8,165 7,868 9,804 8,121 6,549 7,827 2012 9,159 8,189 8,303 8,184 8,330 8,284 8,155 8,186 8,154 9,437 8,021 6,865 7,235 2013 9,523 8,297 8,296 8,422 8,191 8,495 8,242 8,249 8,229 9,637 7,938 6,931 7,464 2014 9,363 8,669 8,473 8,464 8,503 8,331 8,389 8,381 8,372 9,874 8,394 6,882 7,434 Total 103,285 105,482 106,572 106,056 105,742 106,488 106,836 106,502 107,914 109,529 Source: District Records 140 COBB COUNTY SCHOOL DISTRICT CLASSROOM BUILDINGS, GRADE LEVELS AND ACREAGE JUNE 30, 2014 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 (b) K-5 Brumby K-5 Bryant K-5 Bullard K-5 Chalker K-5 Cheatham Hill K-5 Clarkdale 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 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 Smyrna K-5 Sope Creek K-5 Active Enrollment 776 587 480 532 756 593 307 771 775 730 1,051 953 894 675 1,112 631 381 559 584 922 594 1,304 692 898 681 742 675 767 699 961 531 693 484 1,031 712 740 832 576 763 950 407 466 1,011 837 859 500 1,130 808 736 909 807 448 710 1,101 602 704 809 815 654 863 1,181 Size of Occupied Site (acres) Year (a) 15.0 2001 12.5 1989 8.8 1961 12.4 2005 15.0 1988 10.0 1963 10.2 1952 22.3 1968 26.8 1973 16.0 1998 6.2 1955 9.5 1966 44.0 1991 20.0 2003 25.5 1997 19.2 1997 15.0 2012 8.0 1961 28.3 1969 13.0 1987 28.9 1989 10.2 1957 10.0 2011 7.8 1960 10.3 1957 39.0 1991 26.2 1996 14.1 1984 10.1 1996 8.4 1951 24.2 1993 23.0 2001 15.0 1968 20.7 1986 26.2 2002 20.7 1991 24.0 1972 9.9 1956 10.2 1955 10.9 1986 12.1 2012 6.0 2005 8.7 1954 25.0 1978 13.0 1986 15.3 1975 23.1 1990 16.8 1998 9.2 1961 40.9 2008 22.2 2003 15.9 1988 10.0 1951 9.0 2005 18.4 2001 21.8 1977 14.1 1961 21.1 1997 10.2 1956 15.3 1990 11.9 2013 16.0 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 61 73 Portable Classrooms 7 15 3 3 9 3 11 3 12 3 6 1 - Square Footage 131,924 81,334 56,904 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 99,735 112,620 143,107 133,344 Capacity 913 662 537 562 987 712 562 837 912 837 412 912 962 987 963 1,063 862 437 937 788 963 587 1,087 562 863 862 963 688 688 512 962 962 862 588 962 962 762 587 688 962 962 562 612 937 887 962 637 937 837 963 962 888 462 562 962 612 962 862 888 962 962 1,162 141 COBB COUNTY SCHOOL DISTRICT CLASSROOM BUILDINGS, GRADE LEVELS AND ACREAGE JUNE 30, 2014 School Name Still 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 (c) Hawthorne (Haven) Fitzhugh Lee (Haven) Kennesaw Charter (d) Smyrna Charter (d) Devereux Georgia (d) TOTALS Grades K-5 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 6-12 K-5 K-6 K-8 1-12 Active Enrollment 814 720 610 918 703 659 850 979 1,286 936 978 1,237 1,157 1,025 1,310 969 779 1,201 1,014 589 1,089 943 1,406 893 715 1,090 990 710 895 1,001 805 1,724 2,258 1,927 2,115 1,509 2,080 2,010 2,168 2,651 1,798 2,029 1,787 1,911 1,700 2,639 2,049 78 70 68 34 871 944 87 109,529 Size of Occupied Site (acres) Year (a) 10.9 1978 13.2 1961 11.5 1990 23.7 1979 20.0 1990 28.0 1996 26.2 1965 25.8 2005 33.2 1951 75.1 2001 20.0 1966 21.9 1981 20.6 1975 43.0 1998 20.0 1963 20.0 1964 36.6 1972 24.4 1972 26.4 1993 28.7 1962 33.3 2001 83.8 1992 29.4 2006 22.0 1978 34.8 1983 38.0 2006 43.1 2001 39.7 1979 16.5 1988 21.8 1993 16.9 1975 114.7 2008 47.9 1963 73.0 1991 95.0 2006 63.1 2002 75.0 2000 49.3 1981 74.9 1930 46.8 1957 50.7 1961 52.5 1963 47.0 1987 54.4 1951 41.3 1973 43.3 1975 48.4 1964 10.0 1944 Number of Classrooms 62 32 39 60 61 60 64 71 87 71 72 73 74 71 83 68 60 70 62 45 71 70 71 71 58 72 71 57 59 70 70 99 135 133 102 102 102 108 127 143 106 93 98 134 106 119 112 43 6.2 1958 18 7.0 1935 17 2,952.4 7,125 Portable Classrooms 2 3 2 5 5 - 1 1 95 Square Footage 116,074 55,944 73,450 109,769 109,827 122,260 156,660 178,465 220,228 170,905 177,356 166,048 183,798 173,487 186,961 166,551 152,212 186,947 149,038 111,260 179,170 165,107 175,345 160,581 149,577 191,209 175,974 169,809 143,888 169,345 157,435 325,200 374,180 337,584 319,000 321,068 319,000 310,950 504,107 406,817 328,000 319,768 260,606 388,425 297,400 307,655 361,490 93,858 32,500 35,684 Capacity 963 487 612 937 962 937 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 2,587 1,987 1,987 1,987 2,112 2,362 2,787 2,062 1,788 1,912 2,612 2,062 2,312 2,162 462 312 312 16,679,352 119,565 (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. (b) With the opening of Smyrna Elementary for school year 2013-14, Brown Elementary closed at the end of 2012-13. During fiscal year ended 2014, Brown facilities were used to house Teasley primary grades during construction of new classrooms at Teasley Elementary. (c) Performance Learning Center is housed at Oakwood. (d) Operated by unaffiliated non-profit entities. Enrollment report by Cobb County School District; buildings do not belong to the district. Source: District Records 142