Cobb County School District
Comprehensive Annual Financial Report
Fiscal Year Ended June 30, 2017
PREPARED BY: COBB COUNTY BOARD OF EDUCATION
FINANCIAL SERVICES DIVISION BRADLEY REUBEN JOHNSON, CHIEF FINANCIAL OFFICER
514 Glover Street Marietta, Georgia 30060

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COBB COUNTY SCHOOL DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS FOR THE YEAR ENDED JUNE 30, 2017
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 Executive 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-iv v vi vii viii ix x
1-3 4-15
16 17
18 19

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
Required Supplementary Information
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

PAGE 20
21
22 23 24 25 26 27-68 69-76
77-79 80-84 85-89
90-107 108

Combining Statement of Fund Net Position - Internal Service Funds Combining Statement of Revenues, Expenses, and Changes in Fund
Net Position - Internal Service Funds 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 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, 2016 and Nine Years Ago

PAGE 109
110 111 112
113
114
115-116 117-118
119 120-121 122-123 124-125
126-127 128
129 130 131

Legal Debt Margin Information Last Ten Fiscal Years
Legal Debt Margin Information Fiscal Year 2017 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 Calendar 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 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 132
133 134
135 136
137 138 139
140 141
142 143 144 145
146 147 148-155 156 157

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 158-159
160 161
162 163 164-165

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One Team, One Goal: Student Success

514 Glover Street Marietta, GA 30060 Telephone: (770) 426-3300 www.cobbk12.org

December 1, 2017

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, 2017. This report conforms to generally accepted accounting principles as applicable to governmental entities. The Financial Services Division prepared this report. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the District's administration and is presented for your careful review.
We believe the data, as presented, is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the District as measured by the financial activity of its various funds; and that all disclosures necessary to enable the reader to gain the maximum understanding of the District's financial activity have been included. A comprehensive framework of internal control is in place to give reasonable assurance that the financial statements are free of any material misstatements. Because the cost of internal controls should not exceed anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements.
Readers of this report are encouraged to consider the information presented here in conjunction with additional information presented in the Management's Discussion and Analysis beginning on page four of this report.
____________________________________________________________________________________
PROFILE OF THE SCHOOL DISTRICT ____________________________________________________________________________________
Cobb County School District is one of two public school districts located in Cobb County, Georgia. The District serves the entire county area with the exception of the City of Marietta, which has its own independent school district. It provides a program of public education from kindergarten through grade twelve. The purpose and responsibility of the District is to provide a thorough and efficient educational system for the children enrolled in public schools within its boundaries whereby each child has access to programs and services that are appropriate to his or her educational needs.
The District is the second largest school system in Georgia and the 23rd largest in the United States with an active daily enrollment of 112,412. The District is governed by a Board of Education consisting of seven members elected from seven county posts. Members serve four-year terms and each year appoint

BOARD OF EDUCATION SUPERINTENDENT

David Chastain, Chair Scott Sweeney, Vice Chair David Banks David Morgan Randy Scamihorn Susan Thayer Brad Wheeler
Chris Ragsdale

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 Superintendent of the Cobb County School District. Mr. Ragsdale also previously served as the Deputy Superintendent for Operations and as the Chief Technology Officer. 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 and a Master's Degree in Educational Leadership, both from Kennesaw State University and is also the recipient of Kennesaw State University's Distinguished Alumni Award. He has more than two decades of experience in school operations and information technology in the public and private sectors, including roles as Chief Information Officer for nearby Paulding County Schools and in network and database management for Bellsouth (AT&T) and IBM.
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 2017 fiscal year:
The District average score on the newly redesigned SAT of 1088 is 38 points higher than the state average and 40 points higher than the national average.
The four-year graduation rate for Cobb high schools was 83.6% in 2017. Cobb exceeds the state graduation rate of 80.6% by 3.0%.
The Georgia Department of Education has only awarded a STEM (Science, Technology, Engineering, and Math) or STEAM (adds the Arts) certification to 58 public schools in Georgia, out of a total of 2,200 schools. Cobb is proud of the fact that we have six of our schools who share this rare distinction. Our STEM certified schools are: Ford Elementary, Tritt Elementary, Cooper Middle, Kennesaw Mountain High, and Wheeler High. Our STEAM certified schools are: Mableton Elementary and Wheeler High.
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. In 2016 (most recent figures available), Cobb County had one of the metropolitan area's highest median household incomes at $70,947, an unemployment rate of 4.6%, and a growing population which increased from 670,438 in 2007 to 748,150 in 2016. Student enrollment for the 2017 fiscal year was 112,412.
We are pleased by the positive increase in property values in fiscal year 2017 and expect this trend to continue into fiscal year 2018. In fiscal year 2017 the District's gross property digest increased by 6.3% over the 2016 fiscal year's digest as compared to an increase of 3.6% the previous year and was the largest annual increase in nine years.
In regards to state funding, the District experienced a $10.4 million reduction in QBE formula earnings in fiscal year 2017 due to austerity cuts. This was $18.1 million less than last year's $28.5 million austerity cut. ____________________________________________________________________________________
LONG-TERM FINANCIAL PLANNING ____________________________________________________________________________________
The District anticipates meeting its projected capital improvement needs by means of county special sales tax revenues. On March 21, 2017, the voters of Cobb County approved the continuation of the Education Special Purpose Local Option Sales Tax (Ed-SPLOST V), beginning January 1, 2019 and ending December 31, 2023. The revenue generated from the 1% special education 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 ages can be found on pages 148 - 155, in the statistical section. The District anticipates acquiring a short-term construction loan in the next fiscal year, which will expedite the completion of various construction projects authorized by the previous SPLOST IV Special Sales Tax Initiative. The District's exceptional Aaa credit rating, first issued by Moody's in 2015, and reaffirmed in 2017, should qualify the District for a competitive interest rate. ____________________________________________________________________________________
OTHER INFORMATION ____________________________________________________________________________________
New Educational Model: The Cobb County School District has now completed its second year as a Strategic Waiver School System. 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.
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 Uniform Guidance and Governmental Auditing Standards.
iii

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 ofthe 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 ofAccounting 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.
The active involvement and professional support of Mauldin & Jenkins, LLC Audit Manager, Christopher McKellar, and his auditing staff have been instrumental in the prompt completion of the associated audit of this report.
In closing, sincere gratitude is expressed to the Board of Education for their leadership and dedication to the Cobb County School District, its taxpayers, employees, and, most importantly, its students. To the citizens of the Cobb County School District, please accept our gratitude for your support of our successful school district.
Superintendent
Bradley Reuben Johnson Chief Financial Officer
lV

c:f-l.
Government Finance Officers Association
Certificate of Achievement for Excellence in Financial
Reporting
Pre.sented to
Cobb County School District Georgia
For its Comprehensive Annual Financial Report
for the Fiscal Year Ended
June 30, 2016
Executive Director/CEO
v

The Certificate of Excellence in Financial Reporting is presented to
Cobb County School District
for its Comprehensive Annual Financial Report (CAFR) for the Fiscal Year Ended June 30, 2016.
The CAFR has been reviewed and met or exceeded ASBO International's Certificate of Excellence standards.

Anthony N. Dragona, Ed.D., RSBA President
vi

John D. Musso, CAE, RSBA Executive Director

COBB COUNTY SCHOOL DISTRICT
FUNCTION AND COMPOSITION JUNE 30, 2017

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, 2017, the members of the Board and years of expiration of their terms are as follows:

Title Chair Vice-Chair Board Member Board Member Board Member Board Member Board Member

Name Mr. David Chastain Mr. Scott Sweeney Mr. Brad Wheeler Mrs. Susan Thayer Mr. David Morgan Mr. David Banks Mr. Randy Scamihorn

Term Expires December 31, 2018 December 31, 2018 December 31, 2020 December 31, 2018 December 31, 2020 December 31, 2020 December 31, 2020

vii

COBB COUNTY SCHOOL DISTRICT ELECTED OFFICIALS AND SUPERINTENDENT OF SCHOOLS
JUNE 30, 2017

RANDY SCAMIHORN
POST 1
5 Years Served

SUSAN THAYER DAVID MORGAN

POST 2 3 Years Served

POST 3 9 Years Served

DAVID CHASTAIN
POST 4
3 Years Served

DAVID BANKS
POST 5 9 Years Served

SCOTT SWEENEY BRAD WHEELER CHRIS RAGSDALE

POST 6 7 Years Served

POST 7 5 Years Served

viii

SUPERINTENDENT

COBB COUNTY SCHOOL DISTRICT
SUPERINTENDENT'S EXECUTIVE CABINET JUNE 30, 2017

Chris Ragsdale

CCSD Superintendent

John Adams

Deputy Superintendent of HR & Operations

Alice Stouder

Deputy Superintendent of Leadership & Accountability

Dr. Kevin Daniel

Chief of Staff

Dr. Mary Elizabeth Davis Chief Academic Officer

Dr. Angela Bacon

Chief Technology Officer

Bradley Johnson

Chief Financial Officer

ix

COBB COUNTY SCHOOL DISTRICT ORGANIZATIONAL CHART JUNE 30, 2017

Citizens of Cobb County

Board of Education

Board Attorney

Superintendent Chris Ragsdale

Deputy Superintendent Leadership & Acc ountabi lity
Alice Stouder

Deputy Superintendent HR & Operations
John Adams

Chief of Staff
Dr. Kevin Daniel

Chief Financial Officer
Bradley Johnson

Chief Academic Officer
Dr. Mary Elizabeth Davis

Chief Technology Officer
Dr. Angela Bacon

x

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, 2017, and the related notes to the financial statements, which collectively comprise the Cobb County Board of Education's basic financial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
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 of Certified Public Accountants

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, 2017, 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, Schedule of Proportionate Share of Net Pension Liability Teacher Retirement System of Georgia, Schedule of Contributions Teacher Retirement System of Georgia, Schedule of Proportionate Share of Net Pension Liability Employee Retirement System of Georgia, Schedule of Contributions Employee Retirement System of Georgia, and Schedule of Proportionate Share of Net Pension Liability Public School Employee Retirement System of Georgia, on pages 4 through 15 and pages 69 through 75 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.
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 fund financial statements and schedules, 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.
2

The combining and individual fund financial statements and schedules, 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 fund financial statements and schedules, 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.
Other Reporting Required by Governmental Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated December 1, 2017 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 solely 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 the effectiveness of the Cobb County Board of Education's 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 1, 2017
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MANAGEMENT'S DISCUSSION
AND ANALYSIS

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2017
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, 2017. 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 2017 are as follows:
Total net position increased from $807.0 million in 2016 to $829.1 million in 2017, an increase of $22.1 million, primarily from an increase in capital assets.
Total revenue increased from $1,237.4 million in 2016 to $1,300.6 million in 2017, an increase of $63.2 million. The revenue increase was primarily from an increase in state funding, as well as higher property and sales taxes.
Total expenses increased from $1,161.5 million in 2016 to $1,278.5 million in 2017, an increase of $117.0 million. The increased expense was largely due to higher instructional salaries and services.
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, deferred outflows of resources, liabilities, and deferred inflows of resources with the difference between them reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2017
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 on 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.
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2017 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 2016 and 2017. In 2017, the District's net position increased 2.7%, or $22.1 million, over the prior year. Total current and other assets reflected a net decrease of 6.1%, or $23.4 million, primarily due to a decrease in cash and cash equivalents. Capital Assets increased by 5.3%, or $73.0 million, which was largely attributable to capital improvements to local school buildings financed by SPLOST sales taxes, as well as school buses and technology equipment. Governmental accounting standards require the District to report its proportional liability of state-administered pension plans in which the District participates for the benefit of its employees. Finally, the Condensed Statement of Net Position Table indicates a reduction in Restricted Net Position over the past fiscal year from $137.2 million in 2016 to $115.8 million in 2017, a decrease of 15.6%, which is primarily due to a decrease in the District's restricted fund balances for capital improvements funded by the SPLOST3 and SPLOST4 special sales tax, as the projects in those funds near completion.
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2017

Table I Condensed Statement of Net Postion (amounts expressed in millions)
2017 Net Position

(731.3)

314.5 359.3
17.5 115.8
103.1

1,444.6 1,168.7

(1,000.0)

(500.0)

0.0

500.0

1,000.0

1,500.0

Deferred Outflows of Resources Unrestricted Restricted Other Liabilities

Current Assets Deferred Inflows of Resources Investment in Capital Assets Long-Term Liabilities

Governmental Activities
Assets: Current and Other Assets Capital Assets
Total Assets

2016

2017

$

382.7 $

1,371.6

1,754.3

359.3 1,444.6 1,803.9

Percentage Change
(6.1) 5.3 2.8

Deferred Outflows of Resources

98.5

314.5

219.3

Liabilities: Long-Term Liabilities Other Liabilities
Total Liabilities

$

840.1 $ 1,168.7

39.1

112.4

103.1

(8.3)

952.5

1,271.8

33.5

Deferred Inflows of Resources

93.4

17.5

(81.3)

Net Position: Investment in Capital Assets Restricted Unrestricted
Total Net Position

$ 1,371.6 $

137.2

(701.8)

$

807.0 $

1,444.6 115.8 (731.3) 829.1

5.3 (15.6) (4.2)
2.7

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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2017
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 2016 and 2017.
Revenues
In 2017, the District's total revenues increased 5.1%, or $63.2 million, over the prior year due primarily to an increase in state and federal funding and greater property tax revenue.
Operating grants and contributions increased by 6.0%, or $34.8 million, primarily due to an increase in state instructional program revenue.
Capital grants and contributions decreased by 48.7%, or $9.2 million, primarily due to a substantial reduction in state-funded school construction grant requests over the previous year.
General property taxes increased 6.4%, or $30.3 million, mainly due to a 6.3% increase in the real property tax digest.
Charges for services decreased by 0.5% or $0.3 million, due to a decrease in cell tower proceeds. All other categories of charges: after school program revenue, school meal sales revenues, and facility use revenues remained constant or showed slight increases in 2017.
Other revenue increased by 112.5%, or $4.5 million, largely as a result of $1.7 million gain on the sale of capital assets, $0.5 million increase in interest income, a $1.0 million donation, and an increase of $0.9 million in the District's E-Rate Grant funding.
Expenses
In 2017, the District's total expenses increased 10.1%, or $117.0 million, over the prior year due primarily to an increase in instructional and school administrative salaries and employer-paid benefits.
Instruction increased by 10.6%, or $80.3 million, largely due to a 2.5% increase in teacher salary schedules.
Pupil and Instructional Services expenditures increased this fiscal year. Combined, these expenses jumped 12.5% from $76.9 million in 2016 to $86.5 million in 2017 to meet our students' changing needs.
School and administrative services increased 8.5%, or $15.8 million, in large part due to the salary increase, as well as a 19% increase in employer health insurance contributions for classified employees.
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2017
Table II Changes in Net Position from Operating Results (amounts expressed in millions)
Program Revenues and Expenses - 2017
$1,000 $800 $600 $400 $200 $0

Governmental Activities
Revenues: Program Revenues: Charges for Services Operating Grants and Contributions Capital Grants and Contributions General Revenues: Taxes Other
Total Revenues Expenses: I ns tructi on Pupil and Instructional Services School and Administrative Services Student Transportation Maintenance and Operations Student Activities
Total Expenses
Increase in Net Positon Beginning Net Position Ending Net Postion

2016

2017

2016

2017

Change 2016-2017

$

62.5 $

62.2

579.5

614.3

18.9

9.7

572.5 4.0
1,237.4

605.9 8.5
1,300.6

$ 754.4 $ 834.7

76.9

86.5

186.8

203.2

52.5

56.3

59.8

66.8

31.1

31.0

1,161.5

1,278.5

$

75.9 $

22.1

731.1

807.0

$ 807.0 $ 829.1

-0.5% 6.0% -48.7%
5.8% 112.5%
5.1%
10.6% 12.5%
8.8% 7.2% 11.7% -0.3% 10.1%
-70.9% 10.4%
2.7%

9

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2017
Table III Net Cost of Governmental Activities (amounts expressed in millions)

$900 $800 $700 $600 $500 $400 $300 $200 $100
$0

$834.7

Total and Net Costs - 2017

$281.9

$202.7

$86.5 $134.7 $58.2

$56.3

$66.8

$51.1

$65.9

$31.5

$0.5

Ins truct Pupil/Instr Sch/Admin Trans Maint/Oper Other

Net Cost Total Cost

Total Cost of Services

2016

2017

Ins tructi on

$ 754.4 $ 834.7

Pupi l /Ins tructi ona l Servi ces

76.9

86.5

School /Admi ni s tra ti ve Servi ces Student Tra ns porta ti on

186.8 52.5

202.7 56.3

Ma i ntena nce a nd Opera ti ons

59.8

66.8

Oth e r

31.1

31.5

Total

$ 1,161.5 $ 1,278.5

Change 2016-2017

Net Cost of Services

2016

2017

10.6% $ 223.5 $ 281.9

12.5%

49.1

58.2

8.5% 7.2%

121.5 48.0

134.7 51.1

11.7%

58.6

65.9

1.3%

(0.1)

0.5

10.1% $ 500.6 $ 592.3

Change 2016-2017
26.1% 18.5% 10.9%
6.5% 12.5% -600.0% 18.3%

Governmental Activities
The Net Cost of Governmental Activities Table (Table III) presents the total and net cost of six major District activities for fiscal year ended June 30, 2017: 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 2017 was $1,278.5 million. Users of the District's programs financed $62.2 million of the costs. Federal and State grants, subsidized programs and contributions financed $624.0 million of the cost. District taxpayers financed the remaining costs of 2017 which totaled $592.3 million.

10

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2017
The School District's Funds
The District ended fiscal year 2017 with a healthy fund balance in its governmental funds. The combined balance of all governmental funds, at $245.8 million, was 5.2% lower than 2016's ending balance of $259.3 million due to increased expenditures in instructional services and in new school construction. In spite of an increase in expenditures, the General Fund's fund balance increased by $8.9 million, or 8.5%, due to increased property tax revenue and state funding. SPLOST IV decreased its fund balance by 14.6% from the prior year, or $15.0 million, due to a 37.3% increase in expenses in 2017 as many taxpayerapproved construction projects were in full swing. The nonmajor governmental fund balances decreased in the aggregate by $7.4 million, or 14.1%. Much of this decrease was in SPLOST III, as it no longer had sales tax revenue and neared the completion of its construction projects.
General Fund Budgetary Highlights
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), as are all state-funded school districts.
Revenue for local property taxes and state student funding were both higher in 2017, by $32.2 million and $29.0 million, respectively. This reflected a rebound in property tax values and increased tax collections at the state level. Although we budgeted a decrease in General Fund Balance of $23.2 million, due to higher than expected revenues, the General Fund Balance, in fact, increased by $8.9 million. Actual revenue exceeded budget by $27.9 million, and actual expenditures were below budget by $4.1 million. This netted a favorable budget variance of $32.0 million.
General Fund Balance
The unassigned General Fund balance at June 30, 2017 was $96.1 million. This represents approximately 35 days of general fund expenditures. The Board of Education made a concerted effort to maintain adequate reserves for the District.
11

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2017 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 and IV focus on revitalizing schools. For SPLOST III, collections of the tax began on January 1, 2009 and ended on December 31, 2013. The SPLOST III fund, which is included with nonmajor governmental funds, had expenditures of $6.5 million and an ending fund balance of $9.1 million in 2017. SPLOST IV began January 1, 2014 and will end on December 31, 2018. The SPLOST IV fund had expenditures of $156.6 million and an ending fund balance of $87.4 million. A full listing of SPLOST III and SPLOST IV projects can be located on pages 115-118. On March 21, 2017, the voters of Cobb County approved the continuation of the Education Special Purpose Local Option Sales Tax (Ed-SPLOST V) beginning January 1, 2019. Nonmajor Governmental Funds The Nonmajor Governmental Funds, including the SPLOST III Fund mentioned above, had aggregate expenditures of $170.9 million and aggregate fund balances of $45.1 million in 2017. Within the Nonmajor Governmental Funds, the Funds with the highest expenditures in 2017 were School Nutrition at $55.1 million, Local School Funds at $31.1 million, Title I (of the Elementary and Secondary Education Act) at $23.9 million, and Special Education at $21.5 million. Nonmajor Governmental Funds ending the year with the highest fund balances were School Nutrition at $19.2 million, Local School Funds at $8.4 million, and After School Program at $5.0 million. The fund balance of Nonmajor Governmental Funds, in aggregate, decreased from $52.5 million in 2016 to $45.1 million in 2017, a decrease of $7.4 million. Descriptions of these funds can be located on pages 77-79.
12

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2017 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 2016 and 2017. Capital assets increased 5.3% from $1,371.6 million in 2016 to $1,444.6 million in 2017, an increase of $73.0 million. Construction in Progress increased by $52.8 million, or 74.4%, due to the start of construction on three new schools. Land increased by $1.6 million, or 1.2%, as land was acquired for future school expansion. Library and Textbooks increased by $0.4 million, or 2.3%. Equipment increased by less than $0.4 million. More detailed information about capital assets can be found in Note 5 of the Notes to the Basic Financial Statements. Long-Term Obligations As of June 30, 2017, the District had $10.0 million in outstanding long-term obligations for compensated absences and a net pension liability of $1,150.9 million. More detailed information about long-term obligations can be found in Notes 9, 12 and 13 of the Notes to the Basic Financial Statements.
13

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2017
Table IV Capital Assets, Net of Depreciation (amounts expressed in millions)

Equi pment 6%

Li bra ry Books and Te xtb o o ks 1%

Land 9%

Cons truction in Progres s 9%
I n tangibles 0%

Buildings and I mp ro ve men ts
75%

Land Buildings and Improvements

Construction in Progress Equipment

Intangibles Library Books and Textbooks

Capital Assets: Land Construction in Progress Intangibles Buildings and Improvements Equipment Library Books and Textbooks
Total

Change

2016

2017 2016-2017

$ 132.2 $ 133.8

70.8

123.5

3.9

4.0

1,065.6 81.4

1,083.5 81.7

17.7

18.1

$ 1,371.6 $ 1,444.6

1.2% 74.4% 2.6% 1.7%
2.3%
5.3%

14

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2017 Factors Bearing on the District's Future We are fortunate that the Cobb County School District has no issued debt, allowing us to devote all of our financial resources to providing a quality education for our students. We are also grateful for our citizens' approval of the Ed-SPLOST V capital financing initiative which will enable the financing of new schools for the approximate 2,000 new students projected to enter the District in the next five years and for needed building improvements to existing schools. Our District is committed to working as one team for the goal of student success, and we greatly appreciate the support of our schools by the public and by local community organizations. Contacting the District's Financial Management 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.
15

(This page was left blank intentionally)

COBB COUNTY SCHOOL DISTRICT STATEMENT OF NET POSITION JUNE 30, 2017
(amounts expressed in thousands)
ASSETS: Cash and Cash Equivalents Receivables (net of allowance for uncollectables):
Taxes Intergovernmental Accounts Prepaids Inventories Capital Assets: Land Construction in Progress Intangibles Buildings and Improvements Equipment Library Books and Textbooks Less: Accumulated Depreciation
Total Assets
DEFERRED OUTFLOWS OF RESOURCES:
Related to Defined Benefit Pension Plans Total Deferred Outflows of Resources
LIABILITIES: Accounts Payable and Other Current Liabilities Intergovermental Payables Accrued Salaries and Benefits Unearned Revenue Noncurrent Liabilities:
Due Within One Year Due In More Than One Year Net Pension Liability
Total Liabilities
DEFERRED INFLOWS OF RESOURCES:
Related to Defined Benefit Pension Plans Total Deferred Inflows of Resources
NET POSITION: Investment in Capital Assets Restricted for:
Capital Projects School Nutrition Services Unrestricted (Deficit)
Total Net Position
See accompanying notes to the basic financial statements.

Governmental Activities

$

247,861

21,424 83,624
2,260 1,161 2,997

133,818

123,542

5,791

1,890,450

201,261

95,602

(1,005,885)

$

1,803,906

314,460 314,460
28,942 196
73,224 786
7,158 10,658 1,150,862 1,271,826

17,478 17,478

1,444,579

96,550

19,198 (731,265)

$

829,062

16

COBB COUNTY SCHOOL DISTRICT STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2017

(amounts expressed in thousands)

GOVERNMENTAL ACTIVITIES
Instruction Pupil Services Instructional Services School and Administrative Services Student Transportation Maintenance and Operations Student Activities
Total Governmental Activities

Expenses
$ 834,731 36,683 49,846 203,091 56,325 66,763 31,075
$ 1,278,514

Program Revenues

Operating

Capital

Charges Grants and Grants and

for Services Contributions Contributions

Net (Expense) Revenue
and Changes in Net Position

$ 1,187 $ 543,386 $

11 -
29,135

25,979 1,832
37,868

-

5,247

898

-

30,977

-

$ 62,208 $ 614,312 $

8,220 $ 183 365 946 -
9,714 $

(281,938) (10,510) (47,649)
(135,142) (51,078) (65,865) (98)
(592,280)

General Revenues: Taxes: Property Taxes Levied for General Purposes Sales Tax Interest Income Gain on Sale of Capital Assets
Other

$ 473,864 132,036 1,754 1,694 5,021

Total General Revenues

614,369

Change in Net Position

22,089

Net Position - Beginning of Year

806,973

Net Position - End of Year

$ 829,062

See accompanying notes to the basic financial statements.

17

COBB COUNTY SCHOOL DISTRICT BALANCE SHEET GOVERNMENTAL FUNDS JUNE 30, 2017

(amounts expressed in thousands)

Assets: Cash and Cash Equivalents Receivables (net of allowance for uncollectables): Taxes Intergovernmental Accounts Due from Other Funds Prepaids Inventories Total Assets

General

Special Purpose Nonmajor

Total

Local Option Governmental Governmental

Sales Tax IV

Funds

Funds

$ 95,571 $ 98,058 $ 45,417 $ 239,046

10,070

11,354

-

21,424

75,287

307

8,030

83,624

780

-

1,480

2,260

5,066

-

960

6,026

1,138

-

9

1,147

1,013

-

1,984

2,997

$ 188,925 $ 109,719 $ 57,880 $ 356,524

LIABILITIES,DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES:

Liabilities:

Accounts Payable

$ 5,763 $

Intergovernmental Payables

196

Accrued Payroll and Payroll Withholdings

48,116

Accrued Employee Benefits

19,343

Due to Other Funds

960

Unearned Revenue

-

Total Liabilities

74,378

22,285 $

624 $ 28,672

-

-

196

-

4,055

52,171

-

1,700

21,043

-

5,066

6,026

-

786

786

22,285

12,231

108,894

Deferred Inflows of Resources: Unavailable Revenue - Property Taxes Unavailable Revenue - Intergovernmental Total Deferred Inflows of Resources
Fund Balances: Nonspendable Restricted Committed Assigned Unassigned Total Fund Balances
Total Liabilities, Deferred Inflows of Resources, and Fund Balances

963 346
1,309

-

-

963

-

565

911

-

565

1,874

2,151

-

1,993

4,144

-

87,434

26,330

113,764

-

-

16,531

16,531

15,023

-

786

15,809

96,064

-

(556)

95,508

113,238

87,434

45,084

245,756

$ 188,925 $ 109,719 $ 57,880 $ 356,524

See accompanying notes to the basic financial statements.

18

COBB COUNTY SCHOOL DISTRICT RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2017
(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 current financial resources and therefore are not reported in the funds. Cost of capital assets Accumulated depreciation
The deferred outflows of resources, deferred inflows of resources, and the net pension liability related to the District's pension plan are not expected to be liquidated with expendable financial resources and therefore are not reported in the funds.
Net Pension Liability Deferred Outflows of Resources - Pension Related Items Deferred Inflows of Resources - Pension Related Items
Other long-term assets are not available to pay for current period's expenditures and therefore are unavailable in the funds. Property Taxes Intergovernmental
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

$

245,756

$

2,450,464

(1,005,885)

1,444,579

(1,150,862) 314,460 (17,478)
963 911

(853,880) 1,874 779

(10,046)

$

829,062

See accompanying notes to the basic financial statements.
19

COBB COUNTY SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2017

(amounts expressed in thousands)

REVENUES: Taxes Intergovernmental Tuition and Fees Interest Income Rentals Athletic Ticket Sales Other
Total Revenues

General

Special Purpose Local Option Sales Tax IV

Nonmajor Governmental
Funds

Total Governmental
Funds

$ 475,835 $ 519,721 11 1,662 438 1,739 999,406

132,036 $ 9,119 510 -
141,665

-$ 94,178 58,833
163 -
2,925 2,654 158,753

607,871 623,018
58,844 2,335 438 2,925 4,393
1,299,824

EXPENDITURES: Current:
Instruction Pupil Services Instructional Services School and Administrative Services Student Transportation Maintenance and Operations Student Activities Capital Outlay
Total Expenditures

714,555 24,385 27,614
106,625 47,984 66,462 1,510
989,135

11,769 144,869 156,638

28,039 7,936
18,704 70,730
1,979 1,561 31,075 10,869 170,893

742,594 32,321 46,318
189,124 49,963 68,023 31,075
157,248 1,316,666

Excess (deficiency) of Revenues Over (Under) Expenditures

10,271

(14,973)

(12,140)

(16,842)

Other Financing Sources (Uses): Transfers-In Transfers-Out Proceeds from Sale of Capital Assets Total Other Financing Sources (Uses)

123 (5,980) 4,438 (1,419)

-

4,785

-

(123)

-

29

-

4,691

4,908 (6,103) 4,467 3,272

Net Change in Fund Balances

8,852

(14,973)

(7,449)

(13,570)

Fund Balances, Beginning of Year

104,386

102,407

52,533

259,326

Fund Balances, End of Year

$ 113,238 $

87,434 $

45,084 $

245,756

See accompanying notes to the basic financial statements.

20

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, 2017
(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 Depreciation expense
In the governmental funds, current year expenditures related to pensions are comprised solely of amounts contributed to the plan for the current year. However, in the statement of activities, expenses related to pensions include amounts that do not require the use of current financial resources. This amount represents the difference in the required accounting treatment of pensions and related items.
Revenues in the statement of activities that do not provide current financial resources are considered as unavailable revenues in the governmental funds. Property taxes Intergovernmental

$ (13,570)

$ 159,303 (83,550)

75,753

(35,481)

(1,971) 629

(1,342)

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 expenses 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.
Change in Net Position of Governmental Activities

(2,773) (46) (452)
$ 22,089

See accompanying notes to the basic financial statements.

21

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, 2017
(amounts expressed in thousands)

REVENUES: Local State Federal Other
Total Revenues

Budgeted Amounts

Original

Final

$ 470,734 $ 471,332

499,560

498,571

5,096

5,487

666

666

976,056

976,056

Actual Amounts
$ 479,095 514,011 5,912 4,949
1,003,967

Variance With Final Budget

$

7,763

15,440

425

4,283

27,911

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 Other Support Services School Nutrition Community Service Operations Capital Outlay
Transfers
Total Expenditures

712,979 23,871 11,089 16,700 10,129 69,296 5,175 68,695 48,854 16,019 90 81 3,078
986,056

715,246 24,794 13,800 15,813 11,349 71,280 7,169 68,956 48,512 16,140 105 82 15 5,993
999,254

715,250 24,385 12,518 15,676 10,748 71,356 7,077 66,604 47,984 16,921 99 419 82 16 5,980
995,115

(4) 409 1,282 137 601 (76)
92 2,352
528 (781)
6 (419)
(1) 13
4,139

Net Change in Fund Balance

(10,000)

(23,198)

8,852

32,050

Fund Balance, Beginning of Year

104,386

104,386

104,386

-

Fund Balance, End of Year

$

94,386 $

81,188 $ 113,238 $ 32,050

See accompanying notes to the basic financial statements.
22

COBB COUNTY SCHOOL DISTRICT STATEMENT OF FUND NET POSITION PROPRIETARY FUNDS JUNE 30, 2017
(amounts expressed in thousands)
Assets: Current Assets:
Cash and Cash Equivalents Prepaids
Total Current Assets
Liabilities:
Current Liabilities: Accounts Payable Claims Payable, due within one year Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Total Current Liabilities
Noncurrent Liabilities: Claims payable, due in more than one year
Total Liabilities
Net Position:
Unrestricted

Governmental Activities
Internal Service Funds

$

8,815

14

8,829

270 2,628
4 6 2,908
5,142
8,050

$

779

See accompanying notes to the basic financial statements.

23

COBB COUNTY SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITON PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2017
(amounts expressed in thousands)

OPERATING REVENUES: Charges for Services
Total Operating Revenues

Governmental Activities
Internal Service Funds

$

6,326

6,326

OPERATING EXPENSES: School and Administrative Services
Total Operating Expenses

7,567 7,567

Operating Loss Transfers-In

(1,241) 1,195

Change in Net Position

(46)

Total Net Position, Beginning of Year

825

Total Net Position, End of Year

$

779

See accompanying notes to the basic financial statements. 24

COBB COUNTY SCHOOL DISTRICT STATEMENT OF CASH FLOWS PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2017
(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 Loss to Net Cash Used in Operating Activities:
Operating Loss Adjustments to Reconcile Operating
Loss to Net Cash Used in Operating Activities:
Decrease in Prepaids Increase in Claims Payable Increase in Accrued Payroll and Payroll Withholdings Decrease in Accounts Payable
Total Adjustments
Net Cash Used in Operating Activities
See accompanying notes to the basic financial statements.

Governmental Activities
Internal Service Funds

$

6,322

(299)

(5,803)

(678)

(458)

1,195 1,195
737 8,078 8,815

$

(1,241)

6 787
1 (11) 783

$

(458)

25

COBB COUNTY SCHOOL DISTRICT STATEMENT OF FIDUCIARY ASSETS AND LIABILITIES FIDUCIARY FUNDS JUNE 30, 2017
(amounts expressed in thousands)
Assets: Cash and Cash Equivalents
Total Assets
Liabilities: Due to Student Groups Payroll Withholdings Payable
Total Liabilities

Agency Funds
$ 41,902 $ 41,902

$

1,592

40,310

$ 41,902

See accompanying notes to the basic financial statements. 26

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
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 14 and 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.
27

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
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 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 afterschool programs, adult high school, and performing arts.
Capital project funds account for restricted and assigned revenues and related capital expenditures. The expenditures are used for capital outlays for educational purposes as authorized by local referendum and management's decision.
Internal service funds (proprietary funds) account for insurance and unemployment compensation provided to other funds of the District on a cost reimbursement basis.
28

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
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.
29

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
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.
30

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
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 certificates of deposit. All of the District's investments as of June 30, 2017, were purchased with a maturity date less than one year from the date of purchase. 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. Investment income is reported in the fund containing the invested assets which generated the income. The Official Code of Georgia Annotated Section 36-83-4 authorizes the District to invest its funds. In selecting among options for investment or among institutional bids for deposits, the highest rate of return shall be the objective, given equivalent conditions of safety and liquidity. Funds may be invested in the following:
(1) Obligations issued by the State of Georgia or by other States, (2) Obligations issued by the United States government, (3) Obligations fully insured or guaranteed by the United States government or a
United States government agency, (4) Obligations of any corporation of the United States government, (5) Prime banker's acceptances, (6) The Local Government Investment Pool administered by the State Treasurer of the
State of Georgia. (7) Repurchase agreements, and, (8) Obligations of other political subdivisions of the State of Georgia.
31

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

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. Intergovernmental and Taxes Receivables at June 30, 2017 were as follows:

(amounts expressed in thousands)

Special

General Fund

Purpose Local Option Sales
Tax IV

Nonmajor Governmental

Federal Receivables

$

-$

-$

7,206

State / Local Receivables Intergovernmental Receivables $

75,287 75,287 $

307 307 $

824 8,030

Total
$ 7,206 76,418
$ 83,624

Taxes Receivables Allowances Net Taxes Receivables

General Fund
$ 10,550 (480)
$ 10,070

Special Purpose Local Option Sales
Tax IV $ 11,354
$ 11,354

Nonmajor Governmental

$

-

-

$

-

Total
$ 21,904 (480)
$ 21,424

G. Property Taxes
The Cobb County Board of Commissioners fixed the property tax levy for the 2016 tax digest year (calendar year) in July 2016 (levy date) based on property values as of January 1, 2016. Taxes were due on October 17, 2016 (lien date). Taxes collected within the current fiscal year or within 60 days after year-end on the 2016 tax digest are reported as revenue in the governmental funds for fiscal year 2017. 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, 2017 totaled $475,835,000.

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 2016 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

32

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
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 $270,006,753 has been collected or on December 31, 2018, whichever occurs first.
I. Tax Abatements
In fiscal year 2017, the Cobb County School District implemented Governmental Accounting Standards Board (GASB) Statement No. 77, Tax Abatement Disclosures. This statement requires state and local governments to disclose tax abatement agreements entered by other governments that reduce the reporting governments tax revenues. The following information should be disclosed; (1) brief descriptive information, such as the tax being abated, the authority under which tax abatements are provided, eligibility criteria, the mechanism by which taxes are abated, provisions for recapturing abated taxes, and the types of commitments made by tax abatement recipients; (2) the gross dollar amount of taxes abated during the period; and (3) commitments made by a government, other than to abate taxes, as part of a tax abatement agreement.
Cobb County, through the Development Authority of Cobb County, allows for taxable revenue bond financing, pursuant to the Georgia Development Authorities law, under Title 36 Chapter 62 of the Official Code of Georgia, in order to promote the creation of jobs and stimulate development activity within Cobb County. The taxable revenue bond financings result in the reduction of ad valorem (real and/or personal property) taxes.
The County offers a reduction in property taxes through the structure of these financing arrangements. Specifically, the Development Authority of Cobb County, a tax exempt public organization created independently from the County, may enter into agreements with private individuals or entities in order to incentivize these businesses to build, relocate, expand, or renovate in Cobb County. The agreements involve a bond issuance and saleleaseback transaction, whereby the Development Authority takes title to property and leases it back to the company. The business or individual is responsible for making ad valorem tax payments on its leasehold interest. The rental payments for the leasehold offset the debt service on the bonds over a fixed 10 year term, so that at the end of the incentive period the bonds are fully retired and the company regains title of the property through an option to purchase.
33

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The Development Authority considers the fiscal impacts of a proposed project and weighs such benefits against the costs of reduced revenue impacts when considering whether to enter into a taxable revenue bond deal with an individual or entity. Generally eligible projects involve a commitment of significant capital investment and/or the creation of net new jobs to the County, which propose a favorable return on investment for the County. There are no additional commitments other than to provide favorable tax treatment. There are provisions for recapturing some portion of the value of these incentives in the event capital investment and job creation numbers are not met during the incentive period; however, the Development Authority can immediately return title to a company for a nonperforming project, which cancels the incentive going forward. There are no amounts receivable from other governments.

For the fiscal year ended June 30, 2017, the tax abatement programs noted above abated

property taxes due to the School District that were levied on January 1, 2016 and due on

October 17, 2016 totaling $738,574. Included in that amount abated, the following are

individual tax abatement agreements that each exceeded 10 percent of the total amount

abated:

Amount of Taxes Abated

Tax Abatement Project

% Abated

(in thousands)

Terrell Mill LLC (Quintiles)

30%

$

75,880

Federal Express - Phase II

60%

86,899

Novelis Global Technology Center 100%

87,463

Home Depot USA

100%

259,348

J. 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.
K. Prepaid Items
Payments made to vendors for services that will benefit periods subsequent to June 30, 2017, are recorded as prepaid, according to the consumption method.
34

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

L. 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 estimated acquisition value on the date donated. Disposals are deleted at depreciated recorded cost. The cost of normal maintenance and repairs that do not add to the value of assets or materially extend the useful lives of the assets is not capitalized. Depreciation is computed using the straight-line method.

Capitalization thresholds and estimated useful lives of capital assets reported in the District-

wide statements are as follows:

General

Useful

Policy

Life

Land

All

N/A

Buildings and Improvements Equipment

All $10,000

20 to 50 Years 5 to 10 Years

Intangible Assets

$1,000,000

10 Years

Library Books and Textbooks

All

5 Years

Depreciation expense is used to allocate the actual or estimated historical cost of all capital assets over estimated useful lives.

M. 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.

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. Other than pensions (described in Note 1.N and Note 13), 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 two source: property taxes and intergovernmental. These amounts are deferred and recognized as inflows of resources in the period that the amounts become available.

35

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
N. Pensions
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Teachers Retirement System of Georgia (TRS) and additions to/deductions from TRS's fiduciary net position have been determined on the same basis as they are reported by TRS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Employees' Retirement System (ERS) and additions to/deductions from ERS's fiduciary net position have been determined on the same basis as they are reported by ERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Public School Employees Retirement System (PSERS) and additions to/deductions from PSERS's fiduciary net position have been determined on the same basis as they are reported by PSERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.
O. 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.
36

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
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.
P. 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, Accounting 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 by June 30. Only the Board may modify or rescind the commitment, through resolution by the Board of Education.
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. The Board and the Chief Financial Officer have the authority to assign fund balances.
5) Unassigned Fund Balance - Residual spendable fund balance after subtracting all above amounts. Positive unassigned values are only reported in the General Fund.
37

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

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 majority vote prior to the government's fiscal yearend. Future modification or rescission of committed funds must likewise be accomplished by a formal majority 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 / Art Career and Cultural
Tuition School / Adult High School Facility Use / Public Safety
Local Schools

Revenue Source Donations by individuals or organizations to
benefit school programs. Funds earned or donated at local schools used by local principals to benefit students
and faculty subject to District policy. 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

38

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

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:

General Fund

Nonspendable: Inventory Prepaids

$ 1,013,000 1,138,000

Restricted for: Capital Projects School Nutrition

Committed to: Local School Activities After School Program Tuition School / Adult High School Facility Use and Public Safety Programs Performing Arts and Art Career and Cultural Donations for the Benefit of School Programs

Assigned to: Appropriation for Next Year's Budget Instruction Pupil Services Instructional Services Media Services School and Administrative Services Support Services - Business Maintenance and Operations Transportation Other Support Services Capital Outlay District Wide GNETS

3,175,000 3,696,000
3,000 553,000
16,000 659,000 729,000 1,514,000 541,000
77,000 4,060,000

Special Purpose Local Option Sales Tax IV

Nonmajor Governmental
Funds

Total

$ 1,984,000 $ 2,997,000 9,000 $ 1,147,000

$ 87,434,000

9,116,000 $ 96,550,000 17,214,000 $ 17,214,000

8,383,000 5,021,000 1,352,000 1,238,000
301,000 236,000

$ 8,383,000 $ 5,021,000 $ 1,352,000 $ 1,238,000 $ 301,000 $ 236,000

449,000 337,000

$ 3,175,000

$ 3,696,000

$

3,000

$ 553,000

$ 16,000

$ 659,000

$ 729,000

$ 1,514,000

$ 541,000

$ 77,000

$ 4,060,000

$ 449,000

$ 337,000

Unassigned: Total Fund Balance

96,064,000 $ 113,238,000

$ 87,434,000

(556,000) $ 95,508,000 $ 45,084,000 $ 245,756,000

39

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

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. The District makes certain reclassification of revenues and expenditures presented on a budgetary basis to conform to GAAP basis financial statements. Several supplementary appropriations were necessary during the fiscal year ended June 30, 2017.

The District's budgetary statements for the General Fund differ somewhat from generally accepted accounting principles (GAAP) prepared statements. The dollar effect for these differences are detailed in the following reconciliation for the year-end net change in fund balance (budgetary basis) to the year-end net change in fund balance (GAAP basis):

Actual Revenues GAAP Basis Other Financing Sources budgeted as revenues Budgeted Revenues, Budgetary Basis

$ 999,406,000 4,561,000
1,003,967,000

Actual Expenditures GAAP Basis Other Financing Uses budgeted as expenditures Budgetary Expenditures, Budgetary Basis
Net Change in Fund Balance, Budgetary Basis

989,135,000 5,980,000
$995,115,000
$ 8,852,000

Net Change in Fund Balance, GAAP Basis

$ 8,852,000

40

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
Note 2. LEGAL COMPLIANCE BUDGETS (Continued)
For the year ended June 30, 2017, 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:

Instruction

$

School Administration

Central Operations

School Nutrition

Capital Outlay

Donations:

Other Support Services

After School Program:

Instruction

Tuition School/Adult High School:

Instruction

Improvement of Instructional Services

Maintenance and Operation of Plant

Title IV:

Pupil Services

4,000 76,000 781,000 419,000 1,000
17,000
162,000
31,000 18,000 6,000
7,000

41

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
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.
42

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
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, 2017, the District had deposits with a carrying amount of $192,028,321 and a bank balance of $198,058,731. 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, 2017, the District's investments included $97,735,388 in a local government 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 26 days. In addition, the District had $269,669 in certificates of deposit in various financial institutions. These investments are reported as cash equivalents.
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. Georgia Fund One, created by OCGA 36-83-8, is a stable asset value investment pool.
The Georgia Fund One's primary objectives are safety of capital, investment income, liquidity and diversification while maintaining principal ($1 per share value). The pool is not registered with the SEC as an investment company. 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. The pool also adjusts the value of its investments to fair market value as of year-end and the District's investment in the Georgia Fund One is reported at fair value. As of June 30, 2017, the District considers amounts held in Georgia Fund 1 as cash equivalents for financial statement presentation.
43

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
Note 3. CASH EQUIVALENTS, DEPOSITS AND INVESTMENTS (Continued)
Fair Value Measurements
The Georgia Fund One is an investment pool which does not meet the criteria of GASB Statement No. 79 and is thus valued at fair value in accordance with GASB Statement No. 31. As a result, the District does not disclose investment in Georgia Fund One within the fair value hierarchy.
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.
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.
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.
44

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

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

Note 5. CAPITAL ASSETS The following is a summary of changes in the capital assets during the fiscal year:

Governmental Activities

Balance June 30, 2016

Increases

Decreases

Balance June 30, 2017

Capital Assets, Not Being Depreciated:

Land

$ 132,247,000 $ 2,457,000 $ (886,000) $ 133,818,000

Construction In Progress

70,785,000

128,988,000

(76,231,000)

123,542,000

Total Capital Assets Not Being Depreciated

203,032,000

131,445,000

(77,117,000)

257,360,000

Capital Assets Being Depreciated:

Buildings and Improvements

1,818,881,000

75,181,000

(3,612,000) 1,890,450,000

Intangibles

4,491,000

1,300,000

-

5,791,000

Equipment

183,457,000

20,782,000

(2,978,000)

201,261,000

Library/Textbooks

91,932,000

6,826,000

(3,156,000)

95,602,000

Total Capital Assets Being Depreciated

2,098,761,000

104,089,000

(9,746,000) 2,193,104,000

Less Accumulated Depreciation for:

Buildings and Improvements

753,289,000

55,777,000

(2,067,000)

806,999,000

Intangibles

638,000

1,186,000

-

1,824,000

Equipment

102,095,000

20,080,000

(2,636,000)

119,539,000

Library/Textbooks

74,172,000

6,507,000

(3,156,000)

77,523,000

Total Accumulated Depreciation

930,194,000

83,550,000

(7,859,000) 1,005,885,000

Total Capital Assets Being Depreciated Net

1,168,567,000

20,539,000

(1,887,000) 1,187,219,000

Governmental Capital Assets,Net

$ 1,371,599,000 $ 151,984,000 $ (79,004,000) $ 1,444,579,000

45

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 5. CAPITAL ASSETS (Continued) 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

$

63,961 3,272 2,640 7,597 6,036 44
83,550

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. The $5,066,000 receivable due

to the General Fund from various nonmajor governmental funds was primarily for the

financing of federal and state grant expenditures whose reimbursement was pending at year-

end, as detailed below. The $960,000 receivable due to Local Schools from the General

Fund largely represented local school excess cash reserves invested with interest. Interfund

receivable and payable balances by fund as of June 30, 2017 are disclosed in the following

schedule:

Re ce ivable

Payable

Governmental Funds:

General Fund

$ 5,066,000 $ 960,000

Nonmajor Governmental Funds: Miscelleous Grants Adult Education GNETS Title I Special Ed Federal Grant Vocational Education Title II Homeless Grant Title III Title IV Local Schools Total Nonmajor Governmental Funds

960,000 960,000

1,580,000 84,000 28,000
2,197,000 826,000 21,000 165,000 3,000 97,000 65,000 -
5,066,000

Total

$ 6,026,000 $ 6,026,000

46

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

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. The transfer from the General Fund to the County Wide Building Fund was for the purchase of land for future use at a school site and for portable classroom expenditures. The remaining transfers out of the General Fund were to provide needed supplemental funding of various school support services. The transfer in to the General Fund from nonmajor governmental funds represented excess uncommitted revenue above program expenditures that was returned to benefit the various instructional and support services of the District.
Interfund transfers for the year ended June 30, 2017, consisted of the following:

Transfers Out:
General Fund: General Fund General Fund General Fund General Fund Total General Fund
Nonmajor Governmental Funds: Facility Use / Public Safety Fund Total Nonmajor Governmental Funds

Transfers In:
County Wide Building Fund Facility Use / Public Safety Fund Tuition School / Adult High School Fund Self-Insurance Fund
General Fund

Total for All Funds

Amount

$ 3,565,000 949,000 271,000
1,195,000 $ 5,980,000

$

123,000

$

123,000

$ 6,103,000

Note 8. RISK MANAGEMENT
The District is self-insured for all claims under general liability, vehicle accidents and workers compensation. The District maintains a 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%.

47

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 8. RISK MANAGEMENT (Continued)

Estimated claims for the next fiscal year total $2,628,000 and the non-current liability for succeeding years is $5,142,000. 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

2016 $

6,407,000 $ 3,549,000 $ (2,973,000) $ 6,983,000

2017 $

6,983,000 $ 4,847,000 $ (4,060,000) $ 7,770,000

Note 9. LONG-TERM OBLIGATIONS

Fiscal year 2017 long-term obligations are as follows:

Accrued Vacation Pay Net Pension Liabilit y Total

Balance 6/30/2016

Increases

Decreases

Balance 6/30/2017

Current Amounts Due Within One
Year

Long-term Amounts Due After One Year

$ 9,594,000 $ 4,779,000 $

4,327,000 $ 10,046,000 $

4,530,000 $ 5,516,000

$ 823,504,000 $ 414,700,000 $ $ 833,098,000 $ 419,479,000 $

87,342,000 $ 1,150,862,000 $ 91,669,000 $ 1,160,908,000 $

- $ 1,150,862,000 4,530,000 $ 1,156,378,000

Accrued vacation pay and pension obligations are 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, 2017 was $1,857,551.

48

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

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, 2017 included additions and renovations at two elementary schools, two middle schools, and four high schools. As of June 30, 2017, the contract price and expenditures to date for the largest projects were as follows:

Project

Contract Price

Expenditures To Date

Replacement School Brumby ES

$ 24,266,172

Maintenance/Renovation Campbell MS

10,881,306

Replacement School East Cobb MS

30,454,877

Replacement School Mountain View ES

25,032,410

Maintenance/Renovation North Cobb HS

24,440,870

Maintenance/Renovation Pope HS

25,336,410

Maintenance/Renovation South Cobb HS

9,790,564

Replacement School Walton HS

51,285,355

$ 9,789,713 1,640,973 14,167,235 24,393,804 8,170,684 16,761,910 651,208 47,674,769

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, 2017, 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 and management, 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 includes 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.

49

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 13. RETIREMENT PLANS

The District participated in three cost sharing multiple employer plans: the Teacher's Retirement System of Georgia, the Employee Retirement System of Georgia, and the Public School Employee Retirement System of Georgia. The following are aggregate amounts reported by the District related to these plans as of and for the year ended June 30, 2017:

Net Pension Liability Deferred Outflows related to Pensions Deferred Inflows related to Pensions Pension Expense

$ 1,150,862,000 314,460,000 17,478,000 128,380,000

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 and may be amended by State statute and provide retirement, death, long-term disability, survivor and health insurance premium benefits. TRS issues a publicly available financial report that can be obtained at www.trsga.com/publications.

Benefits Provided

TRS retirement benefits are determined as 2 % of the average of the employee's two highest paid consecutive years of service, multiplied by the number of years of creditable service up to 40 years. An employee is eligible for normal service retirement after 30 years of creditable service, regardless of age, or after 10 years of service and attainment of age 60. Ten years of service is required for disability and death benefits eligibility. Disability benefits are based on the employee's creditable service and compensation up to the time of disability. Death benefits equal the amount that would be payable to the employee's beneficiary had the employee retired on the date of death. Death benefits are based on the employee's creditable service and compensation up to the date of death.

50

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 13. RETIREMENT PLANS (Continued)
Contributions
Per Title 47 of the O.C.G.A., contribution requirements of active employees and participating employers, as actuarially determined, are established and may be amended by the TRS Board. Pursuant to O.C.G.A. 47-3-63, the employer contributions for certain full- time public school support personnel are funded on behalf of the employer by the State of Georgia. Contributions are expected to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. Plan members are currently required to contribute 6.00 percent of their annual covered payroll and the District is currently required to contribute 14.27 percent of the covered payroll. The District's contributions to TRS for the year ended June 30, 2017 was $90,646,328.
Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions
At June 30, 2017, the District reported a liability for its proportionate share of the net pension liability that reflected a reduction for support provided to the District by the State of Georgia for certain public school support personnel. The amount recognized by the District as its proportionate share of the net pension liability, the related State of Georgia support, and the total portion of the net pension liability that was associated with the District were as follows:

District's proportionate share of the net pension liability

$ 1,150,754,699

State of Georgia's proportionate share of the net pension liability associated with the District

1,761,485

Total

$ 1,152,516,184

The net pension liability was measured as of June 30, 2016. The total pension liability used to calculate the net pension liability was based on an actuarial valuation as of June 30, 2015. An expected total pension liability as of June 30, 2016 was determined using standard roll- forward techniques. The District's proportion of the net pension liability was based on contributions to TRS during the fiscal year ended June 30, 2016. At June 30 2016, the District's proportion was 5.577763%, which was an increase of 0.169091% from its proportion measured as of June 30, 2015.

51

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 13. RETIREMENT PLANS (Continued)
For the year ended June 30, 2017, the District recognized pension expense of $126,085,007 and revenue of $264,458 for support provided by the State of Georgia for certain support personnel. At June 30, 2017, the District reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Differences between expected and actual experience

De fe rre d Outflows of Re s ource s
$ 17,143,143

De fe rre d Inflows of Re s ource s
$ 5,690,490

Changes of Assumptions

29,825,972

-

Net difference between projected and actual

earnings on pension plan investments

145,575,208

-

Changes in proportion and differences between District contributions and proportionate share of contributions

31,254,185

11,787,661

District contributions subsequent to the measurement date

90,646,328

-

Total

$ 314,444,836 $ 17,478,151

District contributions subsequent to the measurement date of $90,646,328 are reported as deferred outflows of resources and will be recognized as a reduction of the net pension liability in the year ended June 30, 2018. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:

Year ended June 30: 2018 2019 2020 2021 2022
Total

$ 25,293,616 25,293,561 89,656,833 62,757,461 3,318,886
$ 206,320,357

52

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 13. RETIREMENT PLANS (Continued)

Actuarial assumptions: The total pension liability as of June 30, 2016 was determined by an actuarial valuation as of June 30, 2015 using the following actuarial assumptions, applied to all periods included in the measurement:

Inflation Salary increases Investment rate of return
Post-Retirement Benefit Increases

2.75% 3.75-9.00%, average, including inflation 7.50%, net of pension plan investment expense including inflation 1.50% semi-annually

Post-retirement mortality rates were based on the RP-2000 White Collar Mortality Table with future mortality improvement projected to 2025 with the Society of Actuaries' projection scale BB (set forward one year for males) for service retirements and depended beneficiaries. The RP-2000 Disable Mortality Table with future mortality improvement projected to 2025 with Society of Actuaries' projection scale BB (set forward two years for males and four years for females) was used for death after disability retirement. There is a margin for future mortality improvement on the tables used by the System. Based on the results of the most recent experience study adopted by the Board on November 18, 2015, the numbers of expected future deaths are 8-11% less than the actual number of deaths that occurred during the study period for healthy retirees and 9-11% less than expected under the selected table for disabled retirees. Rates of mortality in active service were based on the RP-2000 Employee Mortality Table projected to 2025 with projection scale BB.
The actuarial assumptions used in the June 30, 2015 valuation were based on the results of an actuarial experience study for the period July 1, 2009 June 30, 2014.

53

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 13. RETIREMENT PLANS (Continued)
The long-term expected rate of return on pension plan investments was determined using a log-normal distribution analysis in which best-estimate ranges of expected future real rates of return (expected nominal returns, net of pension plan investment expense and the assumed rate of inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:

Asset class
Fixed income Domestic large equities Domestic mid equities Domestic small equities International developed market equities International emerging market equities
Total

Target allocation
30.00% 39.80
3.70 1.50 19.40 5.60 100.00%

Long-term expected real rate of return*
(0.50)% 9.00 12.00 13.50 8.00 12.00

* Rates shown are net of the 2.75% assumed rate of inflation

Remainder of Page Intentionally Left Blank 54

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 13. RETIREMENT PLANS (Continued)
Discount rate: The discount rate used to measure the total pension liability was 7.50%. The projection of cash flows used to determine the discount rate assumed that plan member contributions will be made at the current contribution rate and that employer and State of Georgia contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on those assumptions, the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long- term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.
Sensitivity of the District's proportionate share of the net pension liability to changes in the discount rate: The following presents the District's proportionate share of the net pension liability calculated using the discount rate of 7.50%, as well as what the District's proportionate share of the net pension liability would be if it were calculated using a discount rate that is one percentage point lower (6.50%) or one percentage point higher (8.50%) than the current rate:

1% Decrease (6.5%)
District's proportionate share of the net pension liability $ 1,791,163,884

Current discount rate
(7.5%)
$ 1,150,754,699

1 % Increase (8.5%)
$ 623,483,296

Pension plan fiduciary net position: Detailed information about the pension plan's fiduciary net position is available in the separately issued TRS financial report which is publically available at www.trsga.com/publications.

Payables to the pension plan
At June 30, 2017, the District reported a payable of $10,760,739 for the outstanding amount of contributions to the TRS pension plan required for the year ended June 30, 2017.

55

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
Note 13. RETIREMENT PLANS (Continued)
Employee Retirement System of Georgia (ERS)
Plan Description
ERS is a cost-sharing multiple-employer defined benefit pension plan established by the Georgia General Assembly during the 1949 Legislative Session for the purpose of providing retirement allowances for employees of the State of Georgia and its political subdivisions. ERS is directed by a Board of Trustees. Title 47 of the O.C.G.A. assigns the authority to establish and amend the benefit provisions to the State Legislature. ERS issues a publicly available financial report that can be obtained at www.ers.ga.gov/formspubs/formspubs.
Benefits Provided
The ERS Plan supports three benefit tiers: Old Plan, New Plan, and Georgia State Employees' Pension and Savings Plan (GSEPS). Employees under the old plan started membership prior to July 1, 1982 and are subject to plan provisions in effect prior to July 1, 1982. Members hired on or after July 1, 1982 but prior to January 1, 2009 are new plan members subject to modified plan provisions. Effective January 1, 2009, new state employees and rehired state employees who did not retain membership rights under the Old or New Plans are members of GSEPS. ERS members hired prior to January 1, 2009 also have the option to irrevocably change their membership to GSEPS.
Under the old plan, the new plan, and GSEPS, a member may retire and receive normal retirement benefits after completion of 10 years of creditable service and attainment of age 60 or 30 years of creditable service regardless of age. Additionally, there are some provisions allowing for early retirement after 25 years of creditable service for members under age 60.
Retirement benefits paid to members are based upon the monthly average of the member's highest 24 consecutive calendar months, multiplied by the number of years of creditable service, multiplied by the applicable benefit factor. Annually, postretirement cost-of-living adjustments may also be made to members' benefits, provided the members were hired prior to July 1, 2009. The normal retirement pension is payable monthly for life; however, options are available for distribution of the member's monthly pension, at reduced rates, to a designated beneficiary upon the member's death. Death and disability benefits are also available through ERS.
56

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
Note 13. RETIREMENT PLANS (Continued) Contributions Member contributions under the old plan are 4% of annual compensation, up to $4,200, plus 6% of annual compensation in excess of $4,200. Under the old plan, the state pays member contributions in excess of 1.25% of annual compensation. Under the old plan, these state contributions are included in the members' accounts for refund purposes and are used in the computation of the members' earnable compensation for the purpose of computing retirement benefits. Member contributions under the new plan and GSEPS are 1.25% of annual compensation. The District's contractually required contribution rate, actuarially determined annually, for the year ended June 30, 2017 was 24.81% of annual covered payroll for old and new plan members and 21.81% for GSEPS members. The District's contributions to ERS totaled $0 for the year ended June 30, 2017. Contributions are expected to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions At June 30, 2017, the District reported a liability for its proportionate share of the net pension liability of $107,570. The net pension liability was measured as of June 30, 2016. The total pension liability used to calculate the net pension liability was based on an actuarial valuation as of June 30, 2015. An expected total pension liability as of June 30, 2016 was determined using standard roll-forward techniques. The District's proportion of the net pension liability was based on contributions to ERS during the fiscal year ended June 30, 2016. At June 30 2016, the Employer's proportion was 0.002274%, which was a increase of 0.000113% from its proportion measured as of June 30, 2015.
Remainder of Page Intentionally Left Blank
57

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 13. RETIREMENT PLANS (Continued)
For the year ended June 30, 2017, the District recognized pension expense of ($22,037). At June 30, 2017, the District reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Differences between expected and actual experience

Deferred

Outflows of

Resources

$

-

Deferred

Inflows of

Resources

$

248

Changes of assumptions

911

-

Net difference between projected and actual earnings

on pension plan investments

10,937

-

Changes in proportion and differences between District contributions and proportionate share of contributions

3,709

-

Total

$ 15,557

$

248

Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:

Year ended June 30:

2018

$

2019

2020

2021

Total

$

4,211 1,546 5,897 3,655 15,309

58

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 13. RETIREMENT PLANS (Continued)

Actuarial assumptions: The total pension liability as of June 30, 2016 was determined by an actuarial valuation as of June 30, 2015 using the following actuarial assumptions, applied to all periods included in the measurement:

Inflation Salary increases Investment rate of return

2.75% 3.25-7.00%, including inflation 7.50%, net of pension plan investment expense including inflation

Post-retirement mortality rates were based on the RP-2000 Combined Mortality Table with future mortality improvement projected to 2025 with the Society of Actuaries' projection scale BB and set forward 2 years for both males and females for service retirements and dependent beneficiaries. The RP-2000 Disabled Mortality Table with future mortality improvement projected to 2025 with Society of Actuaries' projection scale BB and set back 7 years for males and set forward 3 years for females was used for death after disability retirement. There is a margin for future mortality improvement in the tables used by the System. Based on the results of the most recent experience study adopted by the Board on December 17, 2015, the numbers of expected future deaths are 9-12% less than the actual number of deaths that occurred during the study period for service retirements and beneficiaries and for disability retirements. Rates of mortality in active service were based on the RP-2000 Employee Mortality Table projected to 2025 with projection scale BB.
The actuarial assumptions used in the June 30, 2015 valuation were based on the results of an actuarial experience study for the period July 1, 2009 June 30, 2014.

Remainder of Page Intentionally Left Blank 59

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 13. RETIREMENT PLANS (Continued)
The long-term expected rate of return on pension plan investments was determined using a log-normal distribution analysis in which best-estimate ranges of expected future real rates of return (expected nominal returns, net of pension plan investment expense and the assumed rate of inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:

Asset class

Target allocation

Long-term expected real rate of return*

Fixed income Domestic large equities Domestic mid equities Domestic small equities International developed market equities International emerging market equities Alternatives
Total

30.00% 37.20
3.40 1.40 17.80 5.20 5.00 100.00%

(0.50)% 9.00 12.00 13.50 8.00 12.00 10.50

* Rates shown are net of the 2.75% assumed rate of inflation

Discount rate: The discount rate used to measure the total pension liability was 7.50%. The projection of cash flows used to determine the discount rate assumed that plan member contributions will be made at the current contribution rate and that employer contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on those assumptions, the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

60

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 13. RETIREMENT PLANS (Continued)

Sensitivity of the District's proportionate share of the net pension liability to changes in the discount rate: The following presents the District's proportionate share of the net pension liability calculated using the discount rate of 7.50%, as well as what the District's proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (6.50%) or 1-percentage-point higher (8.50%) than the current rate:

District's proportionate share of the net pension liability

1% Decrease (6.5%)
$ 145,777

Current discount rate (7.5%)
$ 107,570

1 % Increase (8.5%)
$ 75,010

Pension plan fiduciary net position: Detailed information about the pension plan's fiduciary net position is available in the separately issued ERS financial report which is publically available at www.ers.ga.gov/formspubs/formspubs.

Remainder of Page Intentionally Left Blank 61

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
Note 13. RETIREMENT PLANS (Continued)
Public School Employee Retirement System of Georgia (PSERS)
Plan Description
PSERS is a cost-sharing multiple-employer defined benefit pension plan established by the Georgia General Assembly in 1969 for the purpose of providing retirement allowances for public school employees who are not eligible for membership in the Teachers Retirement System of Georgia. These employees include bus drivers, maintenance, custodial, and lunchroom personnel. The ERS Board of Trustees, plus two additional trustees, administers PSERS. Title 47 of the O.C.G.A. assigns the authority to establish and amend the benefit provisions to the State Legislature. PSERS issues a publicly available financial report that can be obtained at www.ers.ga.gov/formspubs/formspubs.
Benefits Provided
A member may retire and elect to receive normal monthly retirement benefits after completion of ten years of creditable service and attainment of age 65. A member may choose to receive reduced benefits after age 60 and upon completion of ten years of service.
Upon retirement, the member will receive a monthly benefit of $14.75, multiplied by the number of years of creditable service. Death and disability benefits are also available through PSERS. Additionally, PSERS may make periodic cost-of-living adjustments to the monthly benefits. Upon termination of employment, member contributions with accumulated interest are refundable upon request by the member. However, if an otherwise vested member terminates and withdraws his/her member contribution, the member forfeits all rights to retirement benefits.
Funding Policy
The general assembly makes an annual appropriation to cover the employer contribution to PSERS on behalf of local school employees (bus drivers, cafeteria workers, and maintenance staff). The annual employer contribution required by statute is actuarially determined and paid directly to PSERS by the State Treasurer in accordance with O.C.G.A. 47-4-29(a) and 60(b). Contributions are expected to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability.
62

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 13. RETIREMENT PLANS (Continued)

Plan members who became members prior to July 1, 2012 contribute $4 per month for nine months each fiscal year. Individuals who became members on or after July 1, 2012 contribute $10 per month for nine months each fiscal year. The State of Georgia, although not the employer of PSERS members, is required by statute to make employer contributions actuarially determined and approved and certified by the PSERS Board of Trustees. The District does not make an annual contribution to PSERS.

Employees who are covered by PSERS are eligible to participate in a supplemental defined contribution plan. If the employee contributes 1% of salary to the 403b plan administered by VALIC, s/he will receive a contribution equal to 2% of salary each month to match, for a total contribution of 3% of salary. The District's contributions to the supplemental defined contribution plan for the year ended June 30, 2017 was $578,457 with an average number of participants of 1,265.

Pension Liabilities and Pension Expense
At June 30, 2017, the District did not have a liability for a proportionate share of the net pension liability because of the related State of Georgia support. The amount of the State's proportionate share of the net pension liability associated with the District is as follows:

State of Georgia's porportionate share of the Net Pension Liability associated with the District

$12,322,331

The net pension liability was measured as of June 30, 2016. The total pension liability used to calculate the net pension liability was based on an actuarial valuation as of June 30, 2015. An expected total pension liability as of June 30, 2016 was determined using standard rollforward techniques. The State's proportion of the net pension liability associated with the District was based on actuarially determined contributions paid by the State during the fiscal year ended June 30, 2016.

For the year ended June 30, 2017, the District recognized pension expense of $2,020,095 and revenue of $2,020,095 for support provided by the State of Georgia.

63

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017

Note 13. RETIREMENT PLANS (Continued)

Actuarial assumptions: The total pension liability was determined by an actuarial valuation as of June 30, 2015, using the following actuarial assumptions, applied to all periods included in the measurement:

Inflation Salary increases Investment rate of return

2.75% N/A 7.50%, net of pension plan investment expense, including inflation

Post-retirement mortality rates were based on the RP-2000 Combined Mortality Table projected to 2025 with projection scale BB (set forward 3 years for males and 2 years for females) for the period after service retirements and for dependent beneficiaries. The RP2000 Disabled Mortality Table projected to 2025 with projection scale BB (set forward 5 years for both males and females) was used for death after disability retirement. There is a margin for future mortality improvement in the tables used by the System. Based on the results of the most recent experience study adopted by the Board on December 17, 2015, the numbers of expected future deaths are 9-11% less than the actual number of deaths that occurred during the study period for healthy retirees and 9-11% less than expected under the selected table for disabled retirees. Rates of mortality in active service were based on the RP-2000 Employee Mortality Table projected to 2025 with projection scale BB.

The actuarial assumptions used in the June 30, 2015 valuation were based on the results of an actuarial experience study for the period July 1, 2009 June 30, 2014.

Remainder of Page Intentionally Left Blank 64

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
Note 13. RETIREMENT PLANS (Continued)

The long-term expected rate of return on pension plan investments was determined using a log-normal distribution analysis in which best-estimate ranges of expected future real rates of return (expected nominal returns, net of pension plan investment expense and the assumed rate of inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:

Asset class

Target allocation

Long-term expected real rate of return*

Fixed income Domestic large equities Domestic mid equities Domestic small equities International developed market equities International emerging market equities International emerging market equities
Total

30.00% 37.20
3.40 1.40 17.80 5.20 5.00 100.00%

(0.50)% 9.00 12.00 13.50 8.00 12.00 10.50

* Rates shown are net of the 2.75% assumed rate of inflation

Discount rate: The discount rate used to measure the total pension liability was 7.50%. The projection of cash flows used to determine the discount rate assumed that plan member contributions will be made at the current contribution rate and that employer and nonemployer contributions will be made at rates equal to the difference between actuarially determined contribution rates and the member rate. Based on those assumptions, the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

65

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
Note 14. POST-EMPLOYMENT BENEFITS
Georgia School Personnel Post-Employment Health Benefit Fund
Plan Description
The Georgia School Personnel Postemployment Health Benefit Fund (School OPEB Fund) is a cost-sharing multiple-employer defined benefit postemployment healthcare plan that covers eligible former employees of public school systems, libraries, and regional education service agencies. The School OPEB Fund provides health insurance benefits to eligible former employees and their qualified beneficiaries through the State Employees Health Benefit Plan administered by the Department of Community Health. The Official Code of Georgia Annotated (O.C.G.A.) 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). Additional information about the School OPEB Fund is disclosed in the State of Georgia Comprehensive Annual Financial Report. This report can be obtained from the Georgia Department of Audits and Accounts at www.audits.ga.gov/SGD/CAFR.html.
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. For members with fewer than five years of service as of January 1, 2012, contributions also vary based on years of service. On average, members with five years or more of service as of January 1, 2012 pay approximately 25% of the cost of the health insurance coverage. In accordance with the Board resolution dated December 8, 2011, for members with fewer than five years of service as of January 1, 2012, the State provides a premium subsidy in retirement that ranges from 0% for fewer than 10 years of service to 75% (but no greater than the subsidy percentage offered to active employees) for 30 or more years of service.
The subsidy for eligible dependents ranges from 0% to 55% (but no greater than the subsidy percentage offered to dependents of active employees minus 20%). No subsidy is available to Medicare eligible members not enrolled in a Medicare Advantage Option. The Board of Community Health sets all member premiums by resolution and in accordance with the law and applicable revenue and expense projections. Any subsidy policy adopted by the Board may be changed at any time by Board resolution and does not constitute a contract or promise of any amount of subsidy.
66

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
Note 14. POST-EMPLOYMENT BENEFITS (Continued)
Participating employers are statutorily required to contribute in accordance with the employer contribution rates established by the Board. The contribution rates are established to fund all benefits due under the health insurance plans for both active and retired employees 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 active and retiree contribution rates established by the Board for employers participating in the School OPEB Fund were as follows for the fiscal year ended June 30, 2017:

Certified Employees July 1, 2016 June 30, 2017
Non-Certified Employees July 1, 2016 December 31, 2016 January 1, 2017 - June 30, 2017

$945.00 per member per month
$746.20 per member per month $846.20 per member per month

No additional contribution was required by the Board for fiscal year 2017 nor contributed to the School OPEB Fund to prefund retiree benefits. Such additional contribution amounts are determined annually by the Board in accordance with the School 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 2017 2016 2015

Contribution $ 115,072,580 $ 107,009,060 $ 101,172,545

Contribution
Percentage 100% 100% 100%

67

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2017
Note 15. DEFICIT FUND EQUITY As of June 30, 2017, the Miscellaneous Grants Fund reported a deficit fund balance of $547,439. The deficit will be supported by the future recognition of unavailable revenue as of June 30, 2017.
68

COBB COUNTY SCHOOL DISTRICT Required Supplementary Information JUNE 30, 2017

Schedule of Proportionate Share of Net Pension Liability Teacher Retirement System of Georgia For the Year Ended June 30 (amounts expressed in thousands)

District's proportion of the net pension liability District's proportionate share of the net pension liability State of Georgia's proportionate share of the net pension liability associated with the District
Total

2017

2016

2015

5.578%

5.409%

5.327%

$ 1,150,755 $ 823,417 $ 673,042

1,761

1,497

1,082

$ 1,152,516 $ 824,914 $ 674,124

District's covered-employee payroll during measurement period
District's proportionate share of the net pension liability as a percentage of its covered-employee payroll
Plan fiduciary net position as a percentage of the total pension liability

612,318
187.93% 76.06%

570,929
144.22% 81.44%

544,177
123.68% 84.03%

Note: Schedule is intended to show information for the last 10 fiscal years. Additional years will be displayed as they become available.

69

COBB COUNTY SCHOOL DISTRICT Required Supplementary Information JUNE 30, 2017

Schedule of Contributions Teacher Retirement System of Georgia Last 10 Fiscal Years (amounts expressed in thousands)

Contractually required contribution

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

$ 90,646 $ 87,340 75,145 66,741 63,011 58,156 57,920 58,052 56,849 54,401

Contributions in relation to the contractually required contribution

90,646

87,340 75,145 66,741 63,011 58,156 57,920 58,052 56,849 54,401

Contribution Deficiency

$

-

-

-

-

-

-

-

-

-

-

District's covered-employee payroll

$ 635,179 $ 612,318 570,929 544,177 551,528 564,936 565,694 594,769 612,597 585,717

Contributions as a percentage of covered-employee payroll

14.27%

14.26%

13.16%

12.26%

11.42%

10.29%

10.24%

9.76%

9.28%

9.29%

Source: District Records This schedule is presented to illustrate the requirement to show information for 10 years.

70

COBB COUNTY SCHOOL DISTRICT Required Supplementary Information JUNE 30, 2017
Notes to Required Supplementary Information For the Year Ended June 30 (amounts expressed in thousands)

Changes of assumptions: In 2010 and later, the expectation of retired life mortality was changed to the RP-2000 Mortality Tables rather than the 1994 Group Annuity Mortality Table, which was used prior to 2010. In 2010, rates of withdrawal, retirement, disability and mortality were adjusted to more closely reflect actual experience. In 2010, assumed rates of salary increase were adjusted to more closely reflect actual and anticipated experience.

On November 18, 2015, the Board adopted recommended changes to the economic and demographic assumptions utilized by the System. Primary among the changes were the updates to rates of mortality, retirement, disability, withdrawal and salary increases. The expectation of retired life mortality was changed to RP-2000 White Collar Mortality Table with future mortality improvement projected to 2025 with the Society of Actuaries' projection scale BB (set forward one year for males).
Method and assumptions used in calculations of actuarially determined contributions: The actuarially determined contribution rates in the schedule of contributions are calculated as of June 30, three years prior to the end of the fiscal year in which contributions are reported. The following actuarial methods and assumptions were used to determine the contractually required contributions for year ended June 30, 2017 reported in that schedule:

Valuation date Actuarial cost method Amortization method Remaining amortization period Asset valuation method Inflation rate Salary increases Investment rate of return
Post-retirement benefit increases

June 30, 2014 Entry Age Level percentage of payroll, open 30 years Seven-year smoothed market 3.00% 3.75%-7.00%, including inflation 7.5%, net of pension plan investment
expense, including inflation 1.50% semi-annually

71

COBB COUNTY SCHOOL DISTRICT Required Supplementary Information JUNE 30, 2017
Schedule of Proportionate Share of Net Pension Liability Employee Retirement System of Georgia For the Year Ended June 30 (amounts expressed in thousands)

Agency's proportion of the net pension liability Agency's proportionate share of the net pension liability Agency's covered-employee payroll Agency's proportionate share of the net pension liability as a percentage of its covered-employee payroll Plan fiduciary net position as a percentage of the total pension liability

2017

2016

2015

0.002274% 0.002161% 0.002063%

$ 108 $

88 $ 77

$

53 $

49 $ 46

203.77% 72.34%

179.59% 167.39% 76.20% 77.99%

Note: Schedule is intended to show information for the last 10 fiscal years. Additional years will be displayed as they become available.

72

COBB COUNTY SCHOOL DISTRICT
Required Supplementary Information JUNE 30, 2017

Schedule of Contributions Employee Retirement System For the Year Ended June 30 (amounts expressed in thousands)

Contractually required contribution
Contributions in relation to the contractually required contribution
Contribution Deficiency

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

$ -

13

11

9

18

14

13

13

14

15

-

13

11

$ -

-

-

9

18

14

13

13

14

15

-

-

-

-

-

-

-

District's covered-employee payroll

$ -

53

49

46

122

123

123

121

133

142

Contributions as a percentage of covered-employee payroll

0.00% 24.53% 22.45% 19.57% 14.75% 11.38% 10.57% 10.74% 10.53% 10.56%

Source: District Records This schedule is presented to illustrate the requirement to show information for 10 years.

73

COBB COUNTY SCHOOL DISTRICT Required Supplementary Information JUNE 30, 2017
Notes to Required Supplementary Information For the Year Ended June 30 (amounts expressed in thousands)

Changes of assumptions: In 2010 and later, the expectation of retired life mortality was changed to the RP-2000 Mortality Tables rather than the 1994 Group Annuity Mortality Table, which was used prior to 2010. In 2010, rates of withdrawal, retirement, disability and mortality were adjusted to more closely reflect actual experience. In 2010, assumed rates of salary increase were adjusted to more closely reflect actual and anticipated experience.
On December 17, 2015, the Board adopted recommended changes to the economic and demographic assumptions utilized by the System. Primary among the changes were the updates to rates of mortality, retirement, disability, withdrawal and salary increases. The expectation of retired life mortality was changed to RP-2000 White Collar Mortality Table with future mortality improvement projected to 2025 with the Society of Actuaries' projection scale BB (set forward one year for males).

Method and assumptions used in calculations of actuarially determined contributions: The actuarially determined contribution rates in the schedule of contributions are calculated as of June 30, three years prior to the end of the fiscal year in which contributions are reported. The following actuarial methods and assumptions were used to determine the contractually requred contributions for year ended June 30, 2017 reported in that schedule:

Valuation date Actuarial cost method Amortization method Remaining amortization period Asset valuation method Inflation rate Salary increases Investment rate of return
Post-retirement benefit increases

June 30, 2014 Entry Age Level percentage of payroll, open 30 years
Five-year smoothed market
2.75%
3.25%-7.00%, including inflation
7.5%, net of pension plan investment
expense, including inflation
1.50% semi-annually

74

COBB COUNTY SCHOOL DISTRICT
Required Supplementary Information JUNE 30, 2017
Schedule of Proportionate Share of Net Pension Liability Public School Employee Retirement System of Georgia For the Year Ended June 30 (amounts expressed in thousands)

District's proportion of the net pension liability District's proportionate share of the net pension liability State of Georgia's proportionate share of the net pension liability associated with the District Total
District's covered-employee payroll during measurement period District's proportionate share of the net pension liability as a percentage of its covered-employee payroll Plan fiduciary net position as a percentage of the total pension liability

2017

2016

2015

0.0%

0.0% 0.0%

$

-$

-$ -

12,322

8,097 7,321

$ 12,322 $ 8,097 $ 7,321

$ 38,188 $ 34,827 $23,583

N/A 81.00%

N/A

N/A

87.00% 88.29%

Note: Schedule is intended to show information for the last 10 fiscal years. Additional years will be displayed as they become available.

75

COBB COUNTY SCHOOL DISTRICT
Required Supplementary Information JUNE 30, 2017
Notes to Required Supplementary Information For the Year Ended June 30 (amounts expressed in thousands) Changes of assumptions: In 2010 and later, the expectation of retired life mortality was changed to the RP-2000 Mortality Tables rather than the 1994 Group Annuity Mortality Table, which was used prior to 2010. In 2010, rates of withdrawal, retirement, disability and mortality were adjusted to more closely reflect actual experience. On December 17, 2015 the Board adopted recommended changes to the economic and demographic assumptions utilized by the System. Primary among the changes were the updates to rates of mortality, retirement and withdrawal. The expectation of retired life mortality was changed to the RP-2000 Blue Collar Mortality Table projected to 2025 with project scale BB (set forward 3 years for males and 2 years for females).
76

(This page was left blank intentionally)

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. These revenues have been committed by the Board for use by local principals to benefit students and faculty subject to District policy.

Performing Arts/Art Career and Cultural

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. Art Career and Cultural fund is created to provide accounting of funds which are provided to local artists as compensation for workshops held in the district's schools.

Tuition School/Adult High School

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.

Miscellaneous Grants

This fund is established to provide accounting of funds received and represent a compilation of several grants which are awarded for educational purposes.

77

School Nutrition
(i3) Investing in Innovation Adult Education GNETS Title I
Special Education Vocational Education Title II
Homeless Grant USDA Fruits and Vegetables Title III

This fund is established to provide accounting of funds which are used for the operation of school lunchrooms. All lunches and breakfasts provide at least one-third of each student's nutritional needs and are available at a minimal cost. Free and reduced meals are provided for qualifying students. All lunchrooms are regularly inspected by the Cobb County Health Department and meet prescribed standards of the State Department of Education.
This fund is established to provide accounting of grant funds passed through Georgia State University which support local efforts by providing high quality teachers to improve student achievement.
This fund is established to provide accounting for grant funds via the Georgia Department of Technical and Adult Education which are used to educate adults and is a part of the national effort to ensure that all adults are literate and able to compete in the global economy.
This fund is established to provide accounting for grant funds via the Georgia Department of Education which are used to provide appropriate education for students identified as severely emotionally behavior disordered, or autistic.
This fund is established to provide accounting of Title I funds which are provided as part of the No Child Left Behind Act of 2001. This act provides federal funds through the Georgia Department of Education to local school districts to help disadvantaged children meet high standards. The goal is to have a quality education for all children by having local schools and state departments work together.
This fund is established to provide accounting of federal revenues received to provide programs for direct and related support services for handicapped children.
This fund is established to provide accounting of federal grant revenues provided for career training and opportunities to students.
This fund is established to provide accounting of federal categorical grant funds which flow through the Georgia Department of Education to our school district. The funds are used to advance teacher quality through professional learning, preparation, recruitment and retention as well as upgrading teachers' skills in science and math through training.
This fund is established to provide accounting of funds for federal categorical grant funds which flow through the Georgia Department of Education and are used to provide educational services to homeless children.
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.

78

Title IV Local School Funds

This fund is established to provide accounting of federal categorical grant funds which are directly funded from the U.S. Department of Education and may flow through the Georgia State Department of Education. The funds are used to promote the Safe and Drug Free Schools Program, the Mentoring Program and the 21st Century Community Learning Centers Program for students in our schools.
This fund is established to provide accounting for local school resources generated through ticket sales, commissions, vending, donations, etc. in which the administration has a material degree of involvement. These revenues have been committed by the Board for use by local principals to benefit students and faculty subject to District policy.

Capital Projects Funds
These funds are established to provide accounting for financial resources to be used for the acquisition and construction of major capital facilities. The District has two nonmajor funds used for those purposes; the Special Purpose Local Option Sales Tax III Fund and the District-Wide Building Fund.

79

COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2017
(amounts expressed in thousands)
ASSETS:
Cash and Cash Equivalents Intergovernmental Receivable Accounts Receivable Due From Other Funds Prepaid Expenditures Inventories
Total Assets

Special Revenue

Donations

Facility Use/ Public
Safety

After School Program

Performing Arts/ Art Career and Cultural

$ 247 $ 1,261 $ 5,035 $

301

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$ 247 $ 1,261 $ 5,035 $

301

LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES:
Liabilities: Accounts Payable Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities
Deferred Inflows of Resources: Unavailable Revenue - Intergovernmental Total Deferred Inflows of Resources
Fund Balances: Nonspendable Restricted Committed Assigned Unassigned Total Fund Balances
Total Liabilities, Deferred Inflows of Resources, and Fund Balances

$

11 $

15 $

13 $

-

-

7

1

-

-

1

-

-

-

-

-

-

-

-

-

-

11

23

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

236

1,238

5,021

301

-

-

-

-

-

-

-

-

236

1,238

5,021

301

$ 247 $ 1,261 $ 5,035 $

301

80

Tuition School/ Adult High School

Misc. Grants

Special Revenue

School Nutrition

(i3) Investing in Innovation

Adult Education

GNETS

$ 1,633 $

- $ 19,767 $

-

124

-

-

1,475

5

-

-

-

-

-

-

-

-

1,984

$ 1,633 $ 1,599 $ 21,756 $

1$

-$

-

-

141

667

-

-

-

-

-

-

-

-

-

-

-

-

1 $ 141 $ 667

$

11 $

1$

61 $

237

-

1,056

33

-

655

-

1,580

-

-

-

786

281

1,581

2,558

-

565

-

-

565

-

-

-

1,984

-

-

17,214

1,352

-

-

-

-

-

-

(547)

-

1,352

(547)

19,198

$ 1,633 $ 1,599 $ 21,756 $

1$

7$

16

-

41

205

-

9

81

-

84

28

-

-

-

1

141

330

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

337

-

-

-

-

-

337

1 $ 141 $ 667

Continued---

81

COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2017
(amounts expressed in thousands)
ASSETS:
Cash and Cash Equivalents Intergovernmental Receivable Accounts Receivable Due From Other Funds Prepaid Expenditures Inventories
Total Assets

Special Revenue

Title I

Special

Vocational

Education Education

Title II

$

-$

-$

4,082

2,495

-

-

-

-

-

-

-

-

$ 4,082 $ 2,495 $

-$

-

12

250

-

-

-

-

9

-

-

-

21 $ 250

LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES:
Liabilities: Accounts Payable Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities
Deferred Inflows of Resources: Unavailable Revenue - Intergovernmental Total Deferred Inflows of Resources
Fund Balances: Nonspendable Restricted Committed Assigned Unassigned Total Fund Balances
Total Liabilities, Deferred Inflows of Resources, and Fund Balances

$ 282 $

-$

1,241 362
2,197 -
4,082

1,148 521 826 -
2,495

-$

15

-

53

-

17

21

165

-

-

21

250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$ 4,082 $ 2,495 $

9

-

-

-

-

-

-

-

(9)

-

-

-

21 $ 250

82

Homeless Grant

Special Revenue

USDA Fruits and Vegetables

Title III

Title IV

Local School Funds

$

-$

-$

-$

- $ 7,423

4

-

171

84

-

-

-

-

-

-

-

-

-

-

960

-

-

-

-

-

-

-

-

-

-

$

4$

- $ 171 $

84 $ 8,383

$

1$

-$

1$

5$

-

-

-

53

13

-

-

-

20

1

-

3

-

97

65

-

-

-

-

-

-

4

-

171

84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,383

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,383

$

4$

- $ 171 $

84 $ 8,383

Continued---

83

COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2017
(amounts expressed in thousands)
ASSETS:
Cash and Cash Equivalents Intergovernmental Receivable Accounts Receivable Due From Other Funds Prepaid Expenditures Inventories
Total Assets

Capital Projects

District- Special Purpose

wide

Local Option

Building

Sales Tax III

Total

$

521 $

-

-

-

-

$

521 $

9,228 $ -
9,228 $

45,417 8,030 1,480
960 9
1,984 57,880

LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES:
Liabilities: Accounts Payable Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities
Deferred Inflows of Resources: Unavailable Revenue - Intergovernmental Total Deferred Inflows of Resources
Fund Balances: Nonspendable Restricted Committed Assigned Unassigned Total Fund Balances
Total Liabilities, Deferred Inflows of Resources, and Fund Balances

$

72 $

72

-

-

-

-

449 -

449

$

521 $

112 $
112

624
4,055 1,700 5,066
786 12,231

-

565

-

565

9,116
9,116 9,228 $

1,993 26,330 16,531
786 (556) 45,084 57,880

Concluded.

84

(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, 2017

(amounts expressed in thousands)
REVENUES: Intergovernmental Tuition and Fees Interest Income Athletic Ticket Sales Other
Total Revenues

Donations

Special Revenue

Facility

Use/

After

Public

School

Safety

Program

Performing Arts/Art
Career and Culture

$

-$

-$

-$

-

-

1,216

9,652

364

-

-

-

-

-

-

-

-

146

-

-

1

146

1,216

9,652

365

EXPENDITURES: Current:
Instruction Pupil Services Instructional Services School and Administrative
Services Student Transportation Maintenance and Operation of Plant 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)

32

-

1,041

323

8

-

-

-

19

-

-

-

90

555

8,170

-

-

-

-

-

-

1,532

-

-

-

-

-

-

-

-

24

-

149

2,087

9,235

323

(3)

(871)

417

42

-

949

-

-

-

(123)

-

-

-

-

-

-

-

826

-

-

Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year

(3)

(45)

417

42

239

1,283

4,604

259

$ 236 $ 1,238 $ 5,021 $

301

85

Tuition School/ Adult High School

Misc. Grants

Special Revenue

School Nutrition

(i3) Investing in Innovation

Adult Education

GNETS

$

- $ 1,426 $ 36,316 $

871

-

18,678

-

-

89

-

-

-

-

1,275

14

871

2,701

55,097

-$ -

1,088 $ -
1,088

5,340 -
21 5,361

657 -
152
280 8 -
1,097

1,942 1
228
4 1,134 3,309

-
55,099 -
29 55,128

(226)

(608)

(31)

271 -
271
45
1,307
$ 1,352 $

-

-

-

-

-

29

-

29

(608) 61

(2) 19,200

(547) $ 19,198 $

-

-

3,946

-

-

778

3

-

399

-

1,088

195

-

-

20

-

-

21

-

-

-

-

-

-

3

1,088

5,359

(3)
-
(3) 3
-$

-

2

-

-

-

-

-

-

-

-

-

2

-

335

-$

337

Continued---

86

COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2017

(amounts expressed in thousands)

Special Revenue

REVENUES: 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 Operation of Plant 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

Special

Vocational

Education Education

Title II

$ 23,853 $ 21,488 $

-

-

-

-

-

-

-

-

23,853

21,488

746 $ 1,832

-

-

-

-

-

-

-

-

746

1,832

10,450 2,040 10,070
953 326
14 23,853

8,730 4,415 5,576
1,180 1,587
21,488

511

-

-

-

31

1,506

7

293

-

-

-

-

-

-

197

33

746

1,832

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$

-$

-$

-$

-

87

Special Revenue

Homeless Grant

USDA Fruit and Vegetables

Title III

Title IV

Local School Funds

$

75 $

91 $ 1,378 $

530 $

-

-

-

-

-

28,052

-

-

-

-

3

-

-

-

-

2,925

-

-

-

-

-

75

91

1,378

530

30,980

7

-

104

296

-

4

-

561

129

-

40

-

641

39

-

2

91

71

43

-

22

-

1

23

-

-

-

-

-

-

-

-

-

-

31,075

-

-

-

-

-

75

91

1,378

530

31,075

-

-

-

-

(95)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(95)

-

-

-

-

8,478

$

-$

-$

-$

- $ 8,383

Continued---

88

COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2017

(amounts expressed in thousands)

Capital Projects

REVENUES: Intergovernmental Tuition and Fees Interest Income Athletic Ticket Sales Other
Total Revenues

DistrictWide
Building

Special Purpose Local Option Sales Tax III

$

-$

15

-

-

3

68

-

-

1,197

-

1,200

83

Total
$ 94,178 58,833 163 2,925 2,654
158,753

EXPENDITURES: Current:
Instruction Pupil Services Instructional Services School and Administrative
Services Student Transportation Maintenance and Operation of Plant Student Activities Capital Outlay
Total Expenditures

-
542 -
5,005 5,547

-
2,067 -
4,433 6,500

28,039 7,936 18,704
70,730 1,979 1,561 31,075 10,869 170,893

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)

(4,347)
3,565 -
3,565

(6,417)
-

(12,140)
4,785 (123)
29 4,691

Net Change in Fund Balances Fund Balances, Beginning of Year Fund Balances, End of Year

(782) 1,231

(6,417) 15,533

(7,449) 52,533

$

449 $

9,116

$ 45,084

Concluded.

89

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, 2017
(amounts expressed in thousands)

REVENUES: Local
Total Revenues
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services General Administration School Administration Business Services Central Operations Other Support Services Community Services Operations
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

146 $

146 $

146 $

-

146

146

146

-

50

50

41

41

78

78

3

3

5

5

3

3

194

194

-

-

1

1

32

18

8

33

19

59

-

3

3

2

2

1

67

127

17

(17)

1

-

375

375

149

226

Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year

(229)

(229)

(3)

226

239

239

239

-

$

10 $

10 $

236 $

226

90

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, 2017
(amounts expressed in thousands)

REVENUES: Local Other
Total Revenues

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

1,297 $

1,329 $

1,216 $

949

949

949

2,246

2,278

2,165

(113) -
(113)

EXPENDITURES:

Maintenance and Operation of Plant

1,546

1,573

1,532

41

Community Service Operations

700

705

678

27

Total Expenditures

2,246

2,278

2,210

68

Net Change in Fund Balance Fund Balance, Beginning of Year

-

-

(45)

(45)

1,283

1,283

1,283

-

Fund Balance, End of Year

$

1,283 $

1,283 $

1,238 $

(45)

91

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, 2017
(amounts expressed in thousands)

REVENUES: Local
Total Revenues
EXPENDITURES: Instruction Community Service Operations
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

9,294 $

9,448 $

9,652 $

204

9,294

9,448

9,652

204

879 8,415 9,294

879 9,342 10,221

1,041 8,194 9,235

(162) 1,148
986

Net Change in Fund Balance

Fund Balance, Beginning of Year

Fund Balance, End of Year

$

4,604 4,604 $

(773) 4,604 3,831 $

417 4,604 5,021 $

1,190 -
1,190

92

COBB COUNTY SCHOOL DISTRICT PERFORMING ARTS/ART CAREER AND CULTURAL-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, 2017
(amounts expressed in thousands)

REVENUES: Local
Total Revenues
EXPENDITURES: Instruction
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

401 $

403 $

365 $

(38)

401

403

365

(38)

401

403

323

80

401

403

323

80

Net Change in Fund Balance Fund Balance, Beginning of Year

-

-

42

42

259

259

259

-

Fund Balance, End of Year

$

259 $

259 $

301 $

42

93

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, 2017
(amounts expressed in thousands)

REVENUES: Local Other
Total Revenues
EXPENDITURES: Instruction Improvement of Instructional Services Educational Media Services School Administration Maintenance and Operation of Plant Central Operations Community Services Operations
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

751 $

827 $

871 $

44

271

271

271

-

1,022

1,098

1,142

44

575

626

657

(31)

114

134

152

(18)

7

7

-

7

22

22

18

4

-

2

8

(6)

-

3

1

2

304

304

261

43

1,022

1,098

1,097

1

Net Change in Fund Balance

-

-

45

45

Fund Balance, Beginning of Year

1,307

1,307

1,307

-

Fund Balance, End of Year

$

1,307 $

1,307 $

1,352 $

45

94

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, 2017
(amounts expressed in thousands)

REVENUES: Local State Federal Other Sources
Total Revenues
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services General Administration
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

15 $

86 $

25 $

(61)

-

2,558

1,425

(1,133)

-

1

1

-

-

3,429

1,250

(2,179)

15

6,074

2,701

(3,373)

-

5,782

-

1

15

286

-

5

15

6,074

3,076 1
228 4
3,309

2,706 -
58 1
2,765

Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year

-

-

(608)

(608)

61

61

61

-

$

61 $

61 $

(547) $

(608)

95

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, 2017
(amounts expressed in thousands)

REVENUES: Local State Federal Other
Total Revenues
EXPENDITURES: School Nutrition Program
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

19,060 $

19,060 $

18,769 $

1,285

1,285

1,322

35,387

35,387

34,994

6

6

41

55,738

55,738

55,126

(291) 37
(393) 35
(612)

58,921 58,921

58,921 58,921

55,128 55,128

3,793 3,793

Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year

(3,183) 19,200

(3,183) 19,200

(2) 19,200

$

16,017 $

16,017 $

19,198 $

3,181 -
3,181

96

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, 2017
(amounts expressed in thousands)

REVENUES: Federal
Total Revenues
EXPENDITURES: Improvement of Instructional Services
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

-$

-$

-$

-

-

-

-

-

-

3

3

-

-

3

3

-

Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year

-

(3)

(3)

-

3

3

3

-

$

3$

-$

-$

-

97

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, 2017
(amounts expressed in thousands)

REVENUES: State Federal
Total Revenues
EXPENDITURES: Community Service Operations
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

456 $

464 $

464 $

-

619

625

624

(1)

1,075

1,089

1,088

(1)

1,075

1,089

1,088

1

1,075

1,089

1,088

1

Net Change in Fund Balance

-

-

-

-

Fund Balance, Beginning of Year

-

-

-

-

Fund Balance, End of Year

$

-$

-$

-$

-

98

COBB COUNTY SCHOOL DISTRICT GNETS-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, 2017
(amounts expressed in thousands)

REVENUES: State Federal Other
Total Revenues
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services General Administration School Administration Business Services Maintenance and Operation of Plant Student Transportation
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

4,952 $

5,126 $

4,972 $

415

809

368

31

41

21

5,398

5,976

5,361

(154) (441)
(20) (615)

3,987

4,276

3,946

330

920

959

778

181

276

449

399

50

49

51

49

2

142

147

145

2

9

20

1

19

7

32

21

11

8

42

20

22

5,398

5,976

5,359

617

Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year

-

-

2

2

335

335

335

-

$

335 $

335 $

337 $

2

99

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, 2017
(amounts expressed in thousands)

REVENUES: Federal
Total Revenues
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services Federal Grant Administration General Administration Student Transportation Other Support Services
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

21,784 $

31,338 $

23,853 $

21,784

31,338

23,853

(7,485) (7,485)

7,678 25
10,252 722 418 210
2,479 21,784

12,701 2,589 13,486 1,043 517 326 676
31,338

10,461 2,041 9,471 601 473 326 480
23,853

2,240 548
4,015 442 44 196
7,485

Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year

-

-

-

-

-

-

-

-

$

-$

-$

-$

-

100

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, 2017
(amounts expressed in thousands)

REVENUES: Federal
Total Revenues
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services General Administration Student Transportation
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

19,252 $

25,966 $

21,488 $

19,252

25,966

21,488

(4,478) (4,478)

7,338 5,296 4,603 1,133
882 19,252

10,428 6,362 6,098 1,481 1,597
25,966

8,730 4,415 5,576 1,180 1,587 21,488

1,698 1,947
522 301 10 4,478

Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year

-

-

-

-

-

-

-

-

$

-$

-$

-$

-

101

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, 2017
(amounts expressed in thousands)

REVENUES: Federal
Total Revenues
EXPENDITURES: Instruction Improvement of Instructional Services Federal Grant Administration General Administration
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

691 $

746 $

746 $

-

691

746

746

-

569

707

707

-

113

30

30

-

2

2

2

-

7

7

7

-

691

746

746

-

Net Change in Fund Balance

-

-

-

-

Fund Balance, Beginning of Year

-

-

-

-

Fund Balance, End of Year

$

-$

-$

-$

-

102

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, 2017
(amounts expressed in thousands)

REVENUES: Federal
Total Revenues
EXPENDITURES: Improvement of Instructional Services General Administration Support Services - Central Federal Grant Administration
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

1,768 $

2,358 $

1,832 $

1,768

2,358

1,832

(526) (526)

1,309

1,762

1,386

376

34

50

36

14

248

336

257

79

177

210

153

57

1,768

2,358

1,832

526

Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year

-

-

-

-

-

-

-

-

$

-$

-$

-$

-

103

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, 2017
(amounts expressed in thousands)

REVENUES: Federal
Total Revenues
EXPENDITURES: Instructional Pupil Services General Administration Student Transportation Federal Grant Administration
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

50 $

97 $

75 $

(22)

50

97

75

(22)

-

8

7

1

2

5

4

1

1

2

2

-

13

34

22

12

34

48

40

8

50

97

75

22

Net Change in Fund Balance

-

-

-

-

Fund Balance, Beginning of Year

-

-

-

-

Fund Balance, End of Year

$

-$

-$

-$

-

104

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, 2017
(amounts expressed in thousands)

REVENUES: Federal
Total Revenues
EXPENDITURES: School Nutrition
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

37 $

91 $

91 $

-

37

91

91

-

37

91

91

-

37

91

91

-

Net Change in Fund Balance

-

-

-

-

Fund Balance, Beginning of Year

-

-

-

-

Fund Balance, End of Year

$

-$

-$

-$

-

105

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, 2017
(amounts expressed in thousands)

REVENUES: Federal
Total Revenues
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services Student Transportation Other Support Services Federal Grant Administration
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

1,496 $

2,408 $

1,378 $

(1,030)

1,496

2,408

1,378

(1,030)

92 368 533
5 477 21 1,496

317 860 943
8 239 41 2,408

104 561 620
1 71 21 1,378

213 299 323
7 168 20 1,030

Net Change in Fund Balance

-

-

-

-

Fund Balance, Beginning of Year

-

-

-

-

Fund Balance, End of Year

$

-$

-$

-$

-

106

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, 2017

(amounts expressed in thousands)
REVENUES: Federal
Total Revenues

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

516 $

534 $

530 $

(4)

516

534

530

(4)

EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services Federal Grant Administration General Administration Business Support Services Student Transportation Other Support Service
Total Expenditures

288

300

296

4

117

122

129

(7)

3

6

3

3

32

36

36

-

9

11

11

-

16

18

18

-

35

27

23

4

16

14

14

-

516

534

530

4

Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year

-

-

-

-

-

-

-

-

$

-$

-$

-$

-

107

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.
108

COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF FUND NET POSITION INTERNAL SERVICE FUNDS JUNE 30, 2017

(amounts expressed in thousands)

Assets:

Unemployment Compensation
Fund

SelfInsurance
Fund

Total

Current Assets: Cash Prepaids
Total Current Assets

$

637 $

8,178 $

8,815

-

14

14

637

8,192

8,829

Liabilities:
Current Liabilities: Accounts Payable Claims Payable, due within one year Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Total Current Liabilities
Noncurrent liabilities: Claims payable, due in more than one year

Total Liablilities

Net Position:

Unrestricted

$

6

264

270

-

2,628

2,628

-

4

4

-

6

6

6

2,902

2,908

-

5,142

5,142

6

8,044

8,050

631 $

148 $

779

109

COBB COUNTY SCHOOL DISTRICT
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION
INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2017

(amounts expressed in thousands)

OPERATING REVENUES: Charges for Services
Total Revenues

Unemployment Compensation
Fund

SelfInsurance
Fund

Total

$

114 $

6,212 $

6,326

114

6,212

6,326

OPERATING EXPENSES: School and Administrative Services
Total Expenditures

90

7,477

7,567

90

7,477

7,567

Operating Income (Loss)

24

(1,265)

(1,241)

Transfers-In

-

1,195

1,195

Change in Net Position

24

(70)

(46)

Total Net Position, Beginning of Year

607

218

825

Total Net Position, End of Year

$

631 $

148 $

779

110

COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2017
(amounts expressed in thousands)
Cash Flows from Operating Activities: Receipts from Interfund Services Provided Payments to Suppliers Payments for Medical Fees and Insurance Claims Payments to Employees
Net Cash Provided by (used in) Operating Activities
Cash Flows from Noncapital Financing Activities: Transfers-In
Net Cash Provided by Noncapital Financing Activities
Net 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 Provided by (used in) Operating Activities:
Operating Income (Loss) Adjustments to Reconcile Operating Income
(Loss) to Net Cash Provided by (used in) Operating Activities:
Decrease in Prepaid Items Increase in Claims Payables Increase in Accounts Payable Decrease in Accrued Payroll and
Payroll Withholdings Total Adjustments Net Cash Provided by Operating Activities

Unemployment Compensation
Fund

SelfInsurance
Fund

Total

$

115 $

6,207 $

6,322

-

(299)

(299)

(90)

(5,713)

(5,803)

-

(678)

(678)

25

(483)

(458)

-

1,195

1,195

-

1,195

1,195

25

712

737

612

7,466

8,078

$

637 $

8,178 $

8,815

$

24 $

(1,265) $

(1,241)

-

6

6

-

787

787

1

-

1

-

(11)

(11)

1

782

783

$

25 $

(483) $

(458)

111

Fiduciary Funds These funds are established to account for assets held by the District as a trustee or agent. The District has one individual Agency Fund, the Payroll Withholding Fund. This fund is used to account for assets held by the District as an agent for salary withholdings collection agencies.
112

COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF FIDUCIARY ASSETS AND LIABILITIES FIDUCIARY FUNDS JUNE 30, 2017
(amounts expressed in thousands)
Agency Funds

ASSETS: Cash and Cash Equivalents
Total Assets

Student Activity

Payroll Withholding

Total

$

1,592 $

40,310 $

41,902

$

1,592 $

40,310 $

41,902

LIABILITIES:

Due to Student Groups

$

Payroll Withholdings Payable

Total Liabilities

$

1,592 $ -
1,592 $

-

$

40,310

40,310 $

1,592 40,310
41,902

113

COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF CHANGES IN FIDUCIARY ASSETS AND LIABILITIES FIDUCIARY FUNDS FOR THE YEAR ENDED JUNE 30, 2017
(amounts expressed in thousands)

ASSETS: Cash and Cash Equivalents
Balance, Beginning of Year Additions Deductions Balance, End of Year

Student Activity

Payroll Withholding

$

1,447 $

37,653 $

1,721 (1,576)

526,686 (524,029)

$

1,592 $

40,310 $

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

$

1,447 $

1,721 (1,576)

1,592

-$ -

-

37,653

-

526,686

-

(524,029)

-

40,310

1,447

37,653

1,721 (1,576)

526,686 (524,029)

$

1,592 $

40,310 $

Total
39,100 528,407 (525,605) 41,902
1,447 1,721 (1,576) 1,592
37,653 526,686 (524,029) 40,310
39,100 528,407 (525,605) 41,902

114

COBB COUNTY SCHOOL DISTRICT SPLOST 3 - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2017

LOCATION/DESCRIPTION

Approved Budget

Revised Budget

Expended Inception through 06/30/17

Expended FY17

Encumbered as of 6/30/17

Uncommitted

Acworth Intermediate Addison ES Adult Education Center Allatoona HS Argyle ES Austell ES Awtrey MS Baker ES Baker Road Bus Shop Barber MS Bells Ferry ES Belmont Hills ES Big Shanty ES Birney ES Blackwell ES Brumby ES Brumby Replacement ES Bryant ES Bullard ES Campbell HS Campbell MS Chalker ES Cheatham Hill ES Clarkdale ES Clarkdale Replacement ES Clay ES Compton ES Cooper MS Daniell MS Davis ES Dickerson MS Dodgen MS Dowell ES Due West ES Durham MS East Cobb MS East Side ES East Side Replacement ES Eastvalley ES Fair Oaks ES Floyd MS Ford ES Frey ES Garrett MS Garrison Mill ES Green Acres ES Griffin MS Harmony Leland ES Harrison HS Haven @ Fitzhugh Lee Haven @ Hawthorne Haven @ Sky View Hayes ES Hendricks ES Hightower Trail Ms Hillgrove HS Hollydale ES Keheley ES Kell HS Kemp ES Kennesaw ES Kennesaw Mountain HS Kennesaw Warehouse Kincaid ES King Springs ES King Springs K-1 @ Brown LaBelle ES Lassiter Hs

$

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

1,080,925

-

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

1,077,413

537,008

19,710,822

1,108,522 $ 1,396,810 1,368,772 2,480,809 2,274,182
689,768 4,510,882 4,545,999
810,587 1,581,390 6,180,294 1,475,999 2,398,530 3,901,148 1,205,364 1,428,769 3,313,409 2,258,009 1,130,657 6,038,127 6,585,224 1,944,401 3,597,195
184,107 6,046,433
992,997 2,183,205 1,907,394 6,424,047 3,181,735 2,437,722 2,574,829 2,527,560 1,597,852 2,422,184 2,345,522
541,642 20,229,489 1,506,228 1,543,929 3,314,056 4,041,265 1,562,652 10,960,147 4,112,967 1,755,452 2,460,017 1,374,419 21,634,447
312,664 1,696,592
847,433 1,628,165 1,035,207 3,903,571 3,018,751 1,389,660 3,542,098 3,266,090 1,433,983 2,595,773 6,143,738 17,745,156 3,460,879 3,188,844 1,532,904 1,289,855 20,944,463

1,108,514 $ 1,396,802 1,368,766 2,480,801 2,274,174
689,760 4,510,870 4,545,993
810,586 1,581,385 6,180,285 1,475,993 2,370,533 3,901,141 1,205,358 1,428,761 3,313,409 2,258,001 1,130,651 5,984,878 6,585,216 1,944,393 3,597,187
184,107 6,046,428
992,990 2,118,297 1,907,387 6,424,035 3,181,725 2,437,710 2,574,815 2,512,553 1,597,843 2,422,174 2,345,513
541,640 20,229,479 1,506,220 1,543,924 3,314,048 4,041,259 1,562,646 10,960,133 4,112,959 1,755,445 2,397,930 1,374,411 21,634,429
312,659 1,696,584
477,910 1,628,160 1,035,200 3,903,562 3,018,740 1,389,652 3,542,088 3,266,084 1,433,976 2,595,762 6,143,728 17,734,636 3,460,871 3,188,836 1,325,505 1,289,850 20,944,450

-$ 4,620 83 28,568 747 214,811 5,700 85,978 5,700 5,234 10,000 441,172 11,562 253,199 448,597 370,191 -

-$ 2,214 885 55,316 284,246 164,644 -

8 8 6 8 8 8 12 6 1 5 9 6 25,783 7 6 8 8 6 53,249 8 8 8 5 7 64,023 7 12 10 12 14 15,007 9 10 9 2 10 8 5 8 6 6 14 8 7 6,771 8 18 5 8 85,277 5 7 9 11 8 10 6 7 11 10 10,520 8 8 42,755 5 13

115

COBB COUNTY SCHOOL DISTRICT SPLOST 3 - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2017

LOCATION/DESCRIPTION
Lewis ES Lindley 6th Grade Academy Lindley MS Lost Mountain MS Lovinggood MS Mableton ES Mableton Replacement ES Mabry MS Maintenance Facility Argo Road Mars Hill Road Bus Shop Martha Moore Education Center McCall Primary McCleskey MS McClure MS McEachern HS Milford ES Mount Bethel ES Mountain View ES Mountain View Replacement ES Murdock ES Nicholson ES Nickajack ES North Cobb HS Norton Park ES Oakwood School Osborne Hs Palmer MS Pebblebrook Hs Pickett's Mill ES Pine Mountain MS Pitner ES Pitts Transportation Center Pope HS Powder Springs ES Powers Ferry ES Riverside Intermediate Riverside Primary Rocky Mount ES Rose Garden Russell ES Sanders ES Sanders Road Bus Shop Sedalia Park ES Shallowford Falls ES Simpson MS Sky View Administration Sky View ES Smitha MS Smyrna ES Sope Creek ES South Cobb HS Sprayberry HS Still ES Systemwide Tapp MS Teasley ES Timber Ridge ES Tritt ES Varner ES Vaughan ES Walton HS West Cobb 9th Grade Center Wheeler Hs 440 Annex 440 Glover Street 514 Glover Street 538 Glover Street 590 Commerce Park Drive
TOTAL PROJECT EXPENDITURES

Approved Budget
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 2,433,140 2,083,632
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

Expended Inception Expended Encumbered

Budget

through 06/30/17

FY17

as of 6/30/17

Uncommitted

2,229,817 2,198,828 1,776,821 2,881,718 1,498,856
370,770 22,114,487 5,676,767 1,053,920
699,219 516,902 756,862 11,818,030 1,580,384 8,863,712 1,312,611 2,721,416 2,023,771 790,055 3,699,063 1,311,402 2,546,664 21,771,336 2,923,910 794,278 3,622,334 1,082,348 6,831,391 699,216 9,073,927 1,961,404 22,588,170 14,085,596 4,703,174 1,148,061 1,394,194 724,176 3,008,333 423,253 1,853,682 1,745,112 1,012,526 1,444,178 1,545,848 11,279,695 242,194 383,049 7,665,782 31,748,956 5,364,561 25,979,312 15,890,596 2,956,240 11,642,196 6,005,369 13,118,154 1,133,676 1,977,206 3,270,561 1,381,882 7,292,733
29,485,221
10,743 14,979,990 7,989,435
612,574 79,827

2,229,808 2,198,821 1,776,813 2,879,382 1,498,851
370,767 22,114,481 5,547,831 1,053,916
699,217 516,899 756,857 11,818,019 1,580,378 8,863,705 1,312,606 2,721,407 2,023,760 752,735 3,692,049 1,311,394 2,546,657 21,691,318 2,916,901 794,272 3,609,157 1,049,019 6,831,293 699,211 9,073,913 1,452,303 22,588,160 14,085,580 4,702,965 1,148,054 1,394,187 724,169 3,008,324 423,249 1,853,672 1,745,105 1,012,521 1,444,173 1,545,838 11,279,682 242,193 383,046 7,665,771 31,748,948 5,364,550 25,979,297 15,890,583 2,456,094 9,006,048 6,005,361 13,118,142 1,133,669 1,977,200 3,270,551 1,381,874 7,292,724
29,485,204
10,743 10,993,520 7,713,342
525,126 79,826

222,727 598,408 1,480 2,181 376,681 8,488 1,480 1,480 21,861 1,480 1,480 1,480 1,480 111,654 1,480 1,480 1,480 1,480 1,480 1,480 1,480 1,480 1,480 78,938 18,323 14,639 529 266,325 10,743 1,646,115 1,131,550 79,059 1,480

9,052 30,679 425,776 410,970 3,612,665 2,240 -

9 7 8 2,336 5 3 6 128,936 4 2 3 5 11 6 7 5 9 11 28,268 7,014 8 7 80,018 7,009 6 13,177 2,650 98 5 14 83,325 10 16 209 7 7 7 9 4 10 7 5 5 10 13 1 3 11 8 11 15 13 89,176 2,636,148 8 12 7 6 10 8 9 17 373,805 273,853 87,448 1

634,431,444 $

625,315,041 $ 6,499,544 $ 4,998,687 $

4,117,716

116

COBB COUNTY SCHOOL DISTRICT SPLOST 4 - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2017

LOCATION/DESCRIPTION

Approved Budget

Revised Budget

Expended Inception through 06/30/17

Expended FY17

Encumbered as of 06/30/17

Uncommitted

Acworth Intermediate

$

Addison ES

Adult Education Center

Allatoona HS

Argyle ES

Austell ES

Awtrey MS

Baker ES

Baker Road Bus Shop

Barber MS

Bells Ferry ES

Belmont Hills ES

Big Shanty ES

Birney ES

Blackwell ES

Brumby ES

Brumby Replacement ES

Bryant ES

Bullard ES

Campbell HS

Campbell MS

Career Academy

Chalker ES

Cheatham Hill ES

Clarkdale Replacement ES

Clay ES

Compton ES

Cooper MS

Daniell MS

Davis ES

Dickerson MS

Dodgen MS

Dowell ES

Due West ES

Durham MS

East Cobb MS

East Cobb Replacement MS

East Side Replacement ES

Eastvalley ES

Fair Oaks ES

Floyd MS

Ford ES

Frey ES

Garrett MS

Garrison Mill ES

Green Acres ES

Griffin MS

Harmony Leland ES

Harmony Leland/Clay Replacement ES

Harrison HS

Haven @ Hawthorne

Haven at Sky View

Hawthorne Administration

Hayes ES

Hendricks ES

Hightower Trail MS

Hillgrove HS

Hollydale ES

Keheley ES

Kell HS

Kemp ES

Kennesaw ES

Kennesaw Mountain HS

Kennesaw Warehouse

Kincaid ES

King Springs (K-5)

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

1,577,041 $ 1,188,824
512,544 2,094,144
851,874 939,827 1,455,015 1,732,658
35,767 1,327,416 1,239,098
737,349 1,485,340 1,565,447 1,116,349 1,187,395 26,990,230 1,478,512 1,608,955 28,733,877 7,399,660 29,497,911 1,267,656 2,881,355 1,010,857
686,342 1,625,784 1,764,482 2,231,499 1,585,287 2,863,750 4,413,052 1,737,504
817,327 1,659,485 1,255,437 39,082,453 1,332,662
899,494 1,482,953 2,505,985 1,441,308 2,681,873 4,691,090 1,485,488 1,976,705 3,085,561
961,746 10,083
22,878,379 54,640
690,585 222,526 6,255,363 1,771,504 4,055,530 3,050,496 1,829,043 2,466,521 2,379,849 1,502,293 1,066,581 3,813,919 10,921,687 4,620,565 1,380,083

1,027,980 $ 762,915 355,386
1,550,761 623,472 658,702
1,047,843 1,113,659
35,767 1,042,420
781,299 676,999 1,108,192 1,311,783 966,751 1,137,382 11,100,529 1,093,714 1,079,422 5,052,210 6,022,850 297,677 890,400 1,687,936 846,413 610,006 836,651 1,148,179 1,317,423 825,135 1,243,798 2,661,200 1,254,544 713,423 977,290 924,264 20,543,814 1,135,828 827,225 1,121,892 988,422 1,235,152 2,635,019 903,473 926,521 1,227,448 2,860,032 869,240
10,083 2,263,596
20,827 618,951 178,388 5,037,096 1,321,248 3,470,250 2,472,013 945,393 869,304 2,061,433 1,109,426 934,533 2,383,245 7,943,115 892,416 1,158,554

151,822 $ 166,767
44,117 325,064
65,324 92,016 114,557 363,038 35,767 338,954 229,790 110,668 169,298 493,429 190,806 196,568 9,939,485 178,152 163,225 2,796,887 1,270,310 297,677 88,620 574,258 577,332 119,292 123,255 74,981 235,633 347,024 206,057 1,675,725 309,326 66,598 90,580 33,792 14,656,677 508,655 238,780 187,266 43,539 83,681 531,410 277,762 277,804 399,862 1,033,908 103,171 10,083 363,012
139,077
1,664,910
565,703 117,393 828,620 233,530 222,318 458,573 231,813 124,636 485,038 1,128,147 116,534 118,387

30,327 $ 19,704
111,133
13,807 17,976 86,909 23,334
79,119 17,210 11,710 55,716 96,641 33,406 29,788 13,519,763 49,045 223,717 9,321,770 171,468 923,832 19,704 871,195 26,064 13,259 20,780 88,253 107,185 120,983 184,323 893,280 31,329 13,713 93,647 128,356 14,871,039 71,564 30,451 100,693 82,425 23,967 11,718 133,545 128,347 454,842 143,600 20,706
1,000,713
7,364
769,138 368,430 104,316 185,149
30,926 144,402 201,488
28,068 14,006 232,770 97,038 116,067 29,155

518,734 406,205 157,158 432,250 214,595 263,149 320,263 595,665
205,877 440,589
48,640 321,432 157,023 116,192
20,225 2,369,938
335,753 305,816 14,359,897 1,205,342 28,276,402 357,552 322,224 138,380
63,077 768,353 528,050 806,891 639,169 1,435,629 858,572 451,631
90,191 588,548 202,817 3,667,600 125,270
41,818 260,368 1,435,138 182,189
35,136 3,654,072
430,620 294,415
81,929 71,800
19,614,070
33,813 64,270 44,138 449,129 81,826 480,964 393,334 852,724 1,452,815 116,928 364,799 118,042 1,197,904 2,881,534 3,612,082 192,374

117

COBB COUNTY SCHOOL DISTRICT SPLOST 4 - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2017

Approved

LOCATION/DESCRIPTION

Budget

King Springs K-1 @ Brown

85,000

LaBelle ES

160,393

Lassiter HS

13,447,646

Lewis ES

3,396,001

Lindley 6th Grade Academy

876,943

Lindley MS

848,625

Lost Mountain MS

7,079,609

Lovinggood MS

32,079

Mableton Replacement ES

96,236

Mabry MS

938,206

Maintenance Facility Argo Road

-

Mars Hill Road Bus Shop

-

Martha Moore Education Center

-

McCall Primary

32,079

McCleskey MS

2,413,932

McClure MS

-

McEachern HS

8,737,474

Milford ES

64,157

Mount Bethel ES

3,744,478

Mountain View ES

2,695,904

Mountain View Replacement ES

23,330,216

Murdock ES

319,277

Nicholson ES

2,306,880

Nickajack ES

2,258,194

North Cobb HS

23,328,254

Norton Park ES

756,708

Oakwood School

386,339

Osborne HS

3,290,500

Osborne Replacement HS

29,900,000

Palmer MS

25,663

Pebblebrook HS

4,438,112

Pickett's Mill ES

28,870

Pine Mountain MS

2,677,281

Pitner ES

128,710

Pitts Transportation Center

30,000,000

Pope HS

20,943,137

Powder Springs ES

624,080

Powers Ferry ES

189,873

Riverside Intermediate

6,416

Riverside Primary

53,892

Rocky Mount ES

532,668

Russell ES

3,334,456

Sanders ES

881,756

Sanders Road Bus Shop

-

Sedalia Park ES

28,870

Shallowford Falls ES

670,531

Simpson MS

470,438

Smitha MS

1,521,727

Smyrna ES

-

Sope Creek ES

3,469,077

South Cobb HS

17,960,694

Sprayberry HS

1,072,858

Still ES

3,383,412

Systemwide

231,771,535

Tapp MS

5,049,770

Teasley ES

4,749,141

Timber Ridge ES

534,845

Tritt ES

3,490,899

Varner ES

320,873

Vaughan ES

600,441

Walton HS

1,493,167

Walton Replacement HS

39,946,400

Wheeler HS

22,124,756

440 Annex

-

440 Glover Street

-

514 Glover Street

-

538 Glover Street

-

560 Glover Street

-

590 Commerce Park Drive

-

TOTAL PROJECT EXPENDITURES $

717,844,707 $

Revised

Expended Inception

Budget

through 06/30/17

129,828

129,628

1,137,705 15,651,749

881,545 2,429,840

1,612,379

919,202

1,704,195

773,844

1,506,293

1,022,428

9,426,253 1,488,624

8,722,595 1,202,048

1,653,181

1,107,455

2,292,433

1,826,101

37,889

37,875

45,831

45,830

14,682

14,682

690,943

646,657

2,832,339

1,642,134

1,428,986

1,240,578

10,828,979

10,384,705

838,492

725,023

4,907,784

1,222,492

749,820

730,372

32,523,313 1,266,371

31,094,281 938,101

1,297,140

755,509

3,290,034

1,121,076

28,929,003

11,424,708

2,071,719 989,770

1,126,452 605,967

2,606,561

2,310,925

32,180,926

751,179

1,394,956

1,138,026

6,570,666 1,091,659

4,939,820 1,016,459

3,646,539

841,396

1,219,082

983,825

27,473,067 28,954,403

26,834,778 19,070,849

1,673,663

1,468,194

796,922

553,139

1,394,371

1,196,371

869,786 1,324,246

742,604 745,645

2,000,181

917,535

1,981,528

1,004,046

1,318,117

43,741

1,033,330 1,366,851

940,593 1,036,815

1,510,969

841,619

2,725,723

1,567,969

797,749 4,748,206 16,171,711

614,375 1,449,961 3,133,062

3,047,206

2,141,705

1,483,443

945,328

45,283,343 6,026,484

5,902,372 982,440

5,550,759

5,351,016

1,481,076

835,931

4,490,134

1,118,034

1,496,977 1,565,827

1,181,810 885,859

1,023,493

1,008,360

57,120,796

51,911,155

28,121,786

27,451,794

253,958 10,150,685

140,830 6,667,182

5,308,009

2,846,688

37,634

34,761

12,744

12,744

41,391

41,391

717,844,707 $

390,121,766 $

Expended FY17
110,900 242,490 312,002 101,100 231,800 346,275 1,075,558 292,675 807,104 866,458
17,395 42,954
242,948 1,164,044 119,564 2,287,371
80,265 464,873
48,328 22,541,124
116,331 165,410 241,384 8,493,636 254,964 291,388 483,702 680,380 128,551 2,033,597 309,257
69,150 252,163 9,829,574 15,474,738 130,322 105,059 133,278 159,321 147,577 214,320 185,820
43,741 167,340 183,446 148,642 134,349 324,809 409,979 1,394,650 527,506 106,795 1,982,676 136,668 211,861 122,178 222,109 125,126 172,224 178,962 26,136,322 716,316 140,830 2,309,107 2,026,049
1,568 12,744
156,637,630

Encumbered

as of 06/30/17

Uncommitted

-

200

16,528

239,632

794,222

12,427,687

19,704

673,473

43,691

886,660

90,080

393,785

110,611

593,047

123,746

162,830

56,766

488,960

109,701

356,631

-

14

-

1

-

-

-

44,286

688,476

501,729

108,523

79,885

198,940

245,334

31,082

82,387

108,048

3,577,244

-

19,448

219,865

1,209,167

70,826

257,444

82,823

458,808

32,776

2,136,182

15,785,589

1,718,706

46,204

899,063

-

383,803

191,158

104,478

1,423,425

30,006,322

120,537

136,393

201,794

1,429,052

20,706

54,494

136,169

2,668,974

55,983

179,274

113,316

524,973

8,150,335

1,733,219

24,977

180,492

39,426

204,357

76,371

121,629

-

127,182

88,975

489,626

22,795

1,059,851

29,694

947,788

15,584

1,258,792

43,121

49,616

19,071

310,965

112,606

556,744

94,322

1,063,432

25,688

157,686

102,935

3,195,310

9,349,826

3,688,823

195,004

710,497

130,410

407,705

163,027

39,380,971 4,881,017

56,159

143,584

15,340

629,805

87,979

3,284,121

16,983

298,184

97,529

582,439

-

15,133

3,134,651

2,074,990

176,377

493,615

108,146

4,982

14,006

3,469,497

1,792,775

668,546

-

2,873

-

-

-

-

$

92,035,774 $

235,687,167

118

(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, implementation of GASB Statements No. 63 and 65 as of July 1, 2012, and implementation of GASB statements No. 68 and 71 as of July 1, 2014.
119

COBB COUNTY SCHOOL DISTRICT NET POSITION BY COMPONENT LAST TEN FISCAL YEARS
(amounts expressed in thousands)

Net Position Components
Investment in Capital Assets
Restricted for: Debt Service Fund Capital Projects Fund School Nutrition Service Fund Miscellaneous Grants
Unrestricted (Deficit)
Total Net Position

June 30, 2008 $ 1,054,860

Fiscal Year

June 30, 2009

June 30, 2010

$ 1,060,388 $ 1,054,911

June 30, 2011 $ 1,066,545

1,826 -
227,758

1,523 -
244,178

1,356 -
285,849

163,602
21,676 -
171,646

$ 1,284,444 $ 1,306,089 $ 1,342,116 $ 1,423,469

Source: District Records

120

June 30, 2012 $ 1,230,853

June 30, 2013 $ 1,262,788

Fiscal Year

June 30, 2014

June 30, 2015

$ 1,256,656 $ 1,329,345

June 30, 2016 $ 1,371,599

June 30, 2017 $ 1,444,579

56,155 20,200
147,483

49,860 20,924
20 149,881

110,228
19,213 3
157,363

$ 1,454,691 $ 1,483,473 $ 1,543,463 $

92,760 19,295
43 (710,349)
731,094 $

117,940
19,200 64
(701,830)
806,973 $

96,550 19,198
(731,265)
829,062

121

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 Interest Income Gain on Sale of Capital Assets Other Total General Revenues Extraordinary Item: Gain after Insurance Recovery
Change in Net Position

June 30, 2008

Fiscal Year

June 30, 2009

June 30, 2010

June 30, 2011

$

729,888

27,550

48,324

186,033

49,432

58,822

-

-

2,413

$ 1,102,462

$

737,527

29,467

47,395

182,836

47,802

61,988

-

-

300

$ 1,107,315

$

737,900

31,584

46,721

165,345

46,513

60,912

-

-

-

$ 1,088,975

$

689,680

30,563

48,853

152,083

43,563

56,608

-

28,930

93

$ 1,050,373

$

1,481 $

1,276 $

1,184 $

1,241

11

11

10

13

44,199

43,557

41,142

27,312

1,110

2,254

1,332

909

-

-

-

28,721

501,582 866

468,115 2,739

491,465 199

518,300 541

$

549,249 $

517,952 $

535,332 $

577,037

$ (553,213) $ (589,363) $ (553,643) $ (473,336)

$

466,320 $

482,690 $

470,456 $

423,694

1,415

142

52

43

128,043

110,242

112,395

113,739

17,428

7,307

2,323

1,475

15,070

5,931

2,979

3,070

-

-

-

-

532

876

953

2,962

$

628,808 $

607,188 $

589,158 $

544,983

-

-

512

-

$

75,595 $

17,825 $

36,027 $

71,647

Source: District Records

122

June 30, 2012

June 30, 2013

Fiscal Year

June 30, 2014

June 30, 2015

June 30, 2016

June 30, 2017

$

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

$

704,451

27,468

47,475

173,717

49,975

53,469

-

32,164

-

$ 1,088,719

$

754,427

31,201

45,668

186,859

52,503

59,762

-

31,116

-

$ 1,161,536

$

834,731

36,683

49,846

202,694

56,325

66,763

397

31,075

-

$ 1,278,514

$

1,068 $

1,101 $

913 $

1,121 $

1,192 $

1,187

11

10

13

10

11

11

27,921

29,104

28,035

27,963

29,008

29,135

983

1,842

2,004

1,830

1,127

898

29,402

28,608

30,970

31,193

31,169

30,977

478,937 30,832

504,819 7,524

512,800 8,085

545,592 5,867

579,489 18,902

614,312 9,714

$

569,154 $

573,008 $

582,820 $

613,576 $

660,898 $

686,234

$ (504,986) $ (495,476) $ (472,040) $ (475,143) $ (500,638) $ (592,280)

$

405,965 $

400,271 $

404,759 $

421,043 $

443,533 $

473,864

-

-

-

-

-

-

122,557

121,008

121,712

126,923

128,980

132,036

1,079

-

-

-

-

-

2,076

1,632

1,697

1,352

1,242

1,754

516

-

175

-

-

1,694

4,015

1,347

3,687

1,769

2,762

5,021

$

536,208 $

524,258 $

532,030 $

551,087 $

576,517 $

614,369

-

-

-

-

-

-

$

31,222 $

28,782 $

59,990 $

75,944 $

75,879 $

22,089

123

COBB COUNTY SCHOOL DISTRICT FUND BALANCES, GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS
(amounts expressed in thousands)

General Fund Reserved Unreserved Nonspendable Restricted Committed Assigned Unassigned
Total General Fund

June 30, 2008

Fiscal Year

June 30, 2009

June 30, 2010

June 30, 2011 (a)

$

26,739 $

101,848

-

-

-

-

-

$

128,587 $

2,714 $ 77,575
-
80,289 $

5,823 $ 79,783
-
85,606 $

324 46,256 99,863
146,443

All Other Governmental Funds

Reserved

$

Unreserved, reported in:

Special Revenues Funds

Capital Projects Funds

Nonspendable

Restricted

Committed

Assigned

Unassigned

Total All Other Governmental Funds $

21,580 $
22,627 53,105
97,312 $

24,165 $
20,470 115,594
160,229 $

67,008 $
22,966 108,716
198,690 $

-
1,365 136,076 11,646 11,893 160,980

(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
124

June 30, 2012

June 30, 2013

Fiscal Year

June 30, 2014

June 30, 2015

June 30, 2016

June 30, 2017

$

-$

-$

-$

-$

-$

-

-

-

-

-

-

-

353

674

676

844

1,004

2,151

-

-

-

-

-

-

-

-

5,000

10,000

8,200

-

34,396 98,637

59,272 75,349

47,596 89,510

31,050 90,588

20,342 74,840

15,023 96,064

$

133,386 $

135,295 $

142,782 $

132,482 $

104,386 $

113,238

$

-$

-$

-$

-$

-$

-

-

-

-

-

-

-

-

-

-

-

-

-

1,706

1,848

1,464

1,844

1,922

1,993

76,355

70,804

129,444

110,264

135,367

113,764

11,883

12,577

14,790

14,990

16,169

16,531

4,737

2,289

1,557

1,468

1,487

786

-

-

-

(9)

(5)

(556)

$

94,681 $

87,518 $

147,255 $

128,557 $

154,940 $

132,518

125

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

2008
$ 589,915 519,632 34,795 15,070 1 631 735
1,160,779

Fiscal Year

2009

2010

$ 585,637 477,654 33,143 5,931 11 1,824 1,374
1,105,574

$ 574,944 493,883 31,684 2,979 3 897 1,060
1,105,450

2011
$ 540,938 520,316 54,410 3,070 466 3,320 2,753
1,125,273

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

700,308 25,206 46,992
167,644 45,002 58,119 92,901
1,810 2,413 1,140,395

692,193 25,770 45,427
164,325 43,938 61,237 48,372
7,376 300
1,088,938

675,152 26,636 43,890
142,959 41,949 59,112 75,261
1,064,959

634,684 25,611 47,255
148,066 40,509 56,584 28,930 93
128,890
1,110,622

Excess (Deficiency) of Revenues Over (Under) Expenditures

20,384

16,636

40,491

14,651

Other Financing Sources (Uses): Transfers-In Transfers-Out Proceeds from Sale of Capital Assets
Total Other Financing Sources (Uses)

6,345 (8,476)
172
(1,959)

3,576 (5,696)
103
(2,017)

3,492 (4,271)
114
(665)

27,953 (29,451)
268
(1,230)

Extraordinary Item: Proceeds from Insurance Recovery

-

-

3,952

-

Net Change in Fund Balances

$

18,425 $

14,619 $

43,778 $

13,421

Non-Capitalized Expenditures Capitalized Expenditures Total Expenditures
Debt Service as a Percentage of Non-Capitalized Expenditures

$ 1,055,849 84,546
$ 1,140,395

$ 1,050,220 38,718
$ 1,088,938

$ 1,019,111 45,848
$ 1,064,959

$ 994,729 115,893
$ 1,110,622

0.40%

0.73%

-

-

Source: District Records

126

2012
$ 530,686 510,582 55,448 2,325 526 3,410 4,016
1,106,993

2013
$ 518,604 512,258 56,088 1,717 1,383 3,194 1,347
1,094,591

Fiscal Year

2014

2015

$ 527,683 520,737 57,170 1,846 1,545 3,219 3,687
1,115,887

$ 548,738 552,431 57,750 1,578 1,353 3,013 1,769
1,166,632

2016
$ 572,621 599,546 59,022 1,516 647 2,749 2,481
1,238,582

2017
$ 607,871 623,018 58,844 2,335 438 2,925 4,393
1,299,824

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

675,310 25,373 46,245
172,304 45,583 63,466 458 32,164 -
134,408
1,195,311

720,608 29,098 44,343
185,351 47,943 66,190 465 31,116 -
115,357
1,240,471

742,594 32,321 46,318
189,124 49,963 68,023 31,075 -
157,248
1,316,666

(79,649)

(5,765)

67,642

(28,679)

(1,889)

(16,842)

24,930 (25,424)
787
293

21,448 (21,942)
458
(36)

1,218 (2,013)
377
(418)

1,993 (2,438)
126
(319)

4,041 (4,486)
621
176

4,908 (6,103) 4,467
3,272

-

-

-

$ (79,356) $

(5,801) $

67,224

$ 1,010,754 175,888
$ 1,186,642

$ 997,944 102,412
$ 1,100,356

$ 989,861 58,384
$ 1,048,245

-

-

-

$ (28,998) $

(1,713) $ (13,570)

$ 1,051,784 143,527
$ 1,195,311

$ 1,119,674 120,797
$ 1,240,471

$ 1,157,363 159,303
$ 1,316,666

-

-

-

-

-

-

127

COBB COUNTY SCHOOL DISTRICT PROPERTY TAX LEVIES AND COLLECTIONS JUNE 30, 2017

Property Taxes Collected and Balances Receivable

2011

2012

2013

2014

2015

General Fund Collections

Balance Receivable

2016

amounts in thousands
$500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2017

Balances as of June 30, 2017 (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

2011

2012

2013

2014

2015

2016

2017

Total

$ 428,077 $ 403,777 $ 394,842 $ 385,590 $ 398,979 $ 413,425 $ 439,272 $ 2,863,962

422,494 399,261 391,485 383,051 397,194 411,807 437,484 2,842,776

98.70% 98.88% 99.15% 99.34% 99.55% 99.61% 99.59%

99.26%

$ 5,488 $ 4,417 $ 3,252 $ 2,414 $ 1,585 $ 1,228 $

- $ 18,384

427,982 403,678 394,737 385,465 398,779 413,035 437,484 2,861,160

$

95 $

99 $ 105 $ 125 $ 200 $ 390 $ 1,788 $ 2,802

99.98% 99.98% 99.97% 99.97% 99.95% 99.91% 99.59%

99.90%

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

128

COBB COUNTY SCHOOL DISTRICT ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY LAST TEN FISCAL YEARS

amounts in thousands

Property Digest Components - Assessed Values

$30,000,000

$25,000,000

$20,000,000

$15,000,000

$10,000,000

$5,000,000

$0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Motor Vehicles Public Services Maint & Operations

(amounts expressed in thousands) Net M&O

For Maintenance & Operations of Schools

Fiscal Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Real Property $ 20,510,838
21,420,500 21,007,134 18,958,062 17,573,940 16,898,249 16,352,749 17,266,640 18,421,285 19,947,408

Personal Property $ 1,343,632
1,451,112 1,424,923 1,352,078 1,357,140 1,374,209 1,439,170 1,607,722 1,607,041 1,722,374

Public

Total Assessed

Services Motor Vehicle

Value

$ 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

20,401,547

870,412 1,365,200

21,109,974

855,371

990,609

21,874,306

853,860

718,250

23,241,892

Direct Estimated Rate Actual Value 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 1.890% 52,774,935 1.890% 54,685,822 1.890% 58,104,731

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

129

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 2008

2009

2010

2011

2012

School District

2013

2014

County Government

2015

2016

2017

(all tax rates are per $1000 assessed valuation)

Fiscal Year

2008 2009

School District Maint & Operations

18.90 18.90

Total Direct Rate

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

2015
18.90 18.90

2016
18.90 18.90

2017
18.90 18.90

County Government General Fire District Debt Service Total County Rate
State of Georgia
Total Overlapping Rate

6.82

6.82

6.82

6.82

7.72

7.72

7.52

7.32

7.12

6.66

2.56

2.56

2.56

2.56

3.06

3.06

3.06

3.06

3.06

2.96

0.22

0.22

0.22

0.22

0.33

0.33

0.33

0.33

0.33

0.23

9.60

9.60

9.60

9.60 11.11 11.11 10.91 10.71 10.51

9.85

0.25

0.25

0.25

0.25

0.25

0.20

0.15

0.10

0.05

-

9.85

9.85

9.85

9.85 11.36 11.31 11.06 10.81 10.56

9.85

Additional Overlapping Rates

City of Acworth

7.60

7.60

7.60

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

4.00

4.00

3.06

3.06

3.06

City of Kennesaw

9.50

9.50

9.50

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

8.99

8.99

8.99

8.99

8.99

8.99

8.99

8.99

8.99

8.99

Note: Maintenance and operations tax for schools has a cap of 18.90 mils.

Source: Cobb County Government, Georgia Department of Revenue

130

COBB COUNTY SCHOOL DISTRICT PRINCIPAL PROPERTY TAXPAYERS DECEMBER 31, 2016 AND NINE YEARS AGO
Principal Property Taxpayers - 2016

7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00%

CP Venture Five, LLC GC Net Lease UK Lasalle Inc. Walton Properties Cobb EMC Lockheed Martin Corp Ohio Teacher Retirement Fund AT&T/Bellsouth Home Depot Georgia Power

Taxpayer Georgia Power Home Depot AT&T/Bellsouth Ohio Teacher Retirement Fund Lockheed Martin Corp Cobb EMC Walton Properties UK Lasalle Inc. GC Net Lease CP Venture Five, LLC Wildwood Associates Post Properties Inland Properties Diamondrock Waverly Owner, LLC
TOTAL

Type of Business Utilities Retail Telecommunications Investment Aircraft Utilities Real Estate Real Estate Real Estate Real Estate Real Estate Real Estate Real Estate Real Estate

December 31, 2016

Percent

of Total

Taxes

Taxes

Rank Levied

Levied

1 $ 9,370,437

2.133%

2

3,946,036

0.898%

3

2,163,170

0.492%

4

1,985,096

0.452%

5

1,878,380

0.428%

6

1,686,200

0.384%

7

1,464,151

0.333%

8

1,426,649

0.325%

9

1,374,330

0.313%

10

1,215,304

0.277%

December 31, 2007

Percent

of Total

Taxes

Taxes

Rank Levied

Levied

2 $ 2,167,009

0.472%

1

3,543,022

0.771%

4

1,764,954

0.384%

6

1,481,812

0.323%

5

1,704,490

0.371%

10

1,110,352

0.242%

3

1,960,491

0.427%

7

1,417,132

0.308%

8

1,193,008

0.260%

9

1,153,202

0.251%

$ 26,509,753

6.035%

$ 17,495,472

3.809%

Note: School millage rate is 66% of total county rate. Total taxes levied are multiplied by 66% to arrive at amount of school taxes.
Information is available only by calendar year; therefore, data reported is for December 31, 2016 and nine years earlier, December 31, 2007. Source: Office of Tax Commissioner, Cobb County, GA

131

COBB COUNTY SCHOOL DISTRICT LEGAL DEBT MARGIN INFORMATION LAST TEN FISCAL YEARS
(amounts expressed in thousands)

Debt Limit Total debt applicable to limit

2008 $ 2,418,538
-

2009 $ 2,528,743
-

Fiscal Year

2010

2011

$ 2,477,428 $ 2,264,959

-

-

2012 $ 2,136,385
-

Legal Debt Margin
Total debt applicable as a percentage of debt limit

$ 2,418,538 -

$ 2,528,743 -

$ 2,477,428 $ 2,264,959 $ 2,136,385

-

-

-

Debt Limit Total debt applicable to limit

2013 $ 2,089,113
-

2014 $ 2,040,157
-

Fiscal Year 2015
$ 2,110,997
-

2016 $ 2,187,433
-

2017 $ 2,324,189
-

Legal Debt Margin
Total debt applicable as a percentage of debt limit

$ 2,089,113 -

$ 2,040,157 -

$ 2,110,997 $ 2,187,433 $ 2,324,189

-

-

-

Source: District Records

132

COBB COUNTY SCHOOL DISTRICT LEGAL DEBT MARGIN INFORMATION FISCAL YEAR 2017
Legal Debt Information - Fiscal Year 2017
$0

$2,324,189

Total Amount of Debt Applicable to Debt Limit Legal Debt Margin

(amounts expressed in thousands)

Net Assessed Valuation, Cobb County School District,

January 1, 2016

$

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

23,241,892
2,324,189 -
2,324,189

133

COBB COUNTY SCHOOL DISTRICT RATIOS OF OUTSTANDING DEBT BY TYPE LAST TEN FISCAL YEARS
Debt Per Capita
$50

$-

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

(amounts expressed in thousands, except per capita)

Total

General

Primary

Fiscal Obligation

Capital

Government

Year

Bonds

Leases

Debt

Annual Personal Income

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

- $ -

7,376 $ -

7,376 $ -

31,428,153 31,709,070 30,016,575 30,246,898 31,981,653 33,662,185 34,419,921 36,192,750 36,400,450 38,385,767

Population
615,377 617,750 618,206 633,084 642,143 649,141 658,101 670,967 682,267 687,209

Debt as a Percentage of Personal
Income
0.02% -

Notes: 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 687,209 provided by the US Census Bureau (July 1, 2016 estimate); excludes the City of Marietta.
Annual Personal Income data is as of December 31st of the fiscal year.
NA - Information not available at time of publication.
Sources: District Records, Annual Personal Income: US Department of Commerce Bureau of Economic Analysis.
134

Total Debt Per Capita

$

12

-

-

-

-

-

-

-

-

-

COBB COUNTY SCHOOL DISTRICT RATIO OF NET GENERAL BONDED DEBT TO ESTIMATED ACTUAL VALUE AND NET BONDED DEBT PER CAPITA LAST TEN FISCAL YEARS

100.00%

Ratio of Net Bonded Debt to Estimated Actual Value

90.00%

80.00%

70.00%

60.00%

50.00%

40.00%

30.00%

20.00%

10.00%

0.00% 2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

Fiscal Year
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Population
615,377 $ 617,750 618,206 633,084 642,143 649,141 658,101 670,967 682,267 687,209

Estimated Actual Value
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 52,774,935,000 54,685,822,000 58,104,731,000

Gross Bonded Debt

Restricted for Bonded
Debt

- $

1,826,000 $

-

1,523,000

-

1,356,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note: All general obligation bonds were retired in fiscal year 2007. Population provided by US Census Bureau (2016 estimate); excludes the City of Marietta.

Net Bonded
Debt

Ratio of Net Net Bonded Debt Bonded
to Est. Debt Per Actual Value Capita

-

-$ -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

135

COBB COUNTY SCHOOL DISTRICT COMPUTATION OF DIRECT AND OVERLAPPING GENERAL OBLIGATION DEBT JUNE 30, 2017
Direct and Overlapping Debt Per Capita
$0

$38

Direct: Cobb County Schools

Indirect: Cobb County Government

Direct General Obligation Debt: Gross Bonded Debt

$

-$

-

Overlapping General Obligation Debt: Cobb County Government (97% of $26,885,000)
Total Direct and Overlapping General Obligation Debt
Debt Per Capita:* Direct General Obligation Debt Overlapping General Obligation Debt Total

$ 26,078,450 $
$

26,078,450 26,078,450

$

-

38

$

38

*Population of 687,209 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.
136

COBB COUNTY SCHOOL DISTRICT COBB COUNTY DEMOGRAPHIC AND ECONOMIC STATISTICS LAST TEN CALENDAR YEARS

800,000

Cobb County Population Growth

750,000

700,000

650,000

600,000

550,000

500,000 2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Calendar Year
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Personal Income Population (In Thousands)
670,438 $ 31,428,153 679,822 31,709,070 684,776 30,016,575 689,655 30,246,898 697,277 31,981,653 707,277 33,662,185 717,190 34,419,921 730,981 36,192,750 741,334 36,400,450 748,150 38,385,767

Per Capita Personal Income
$ 46,877 46,643 43,834 43,858 45,866 47,594 47,993 49,513 49,101 51,308

Median Household
Income
$ 64,817 70,472 63,514 59,896 57,995 65,423 66,300 68,656 70,246 70,947

Median Age
35.9 36.2 34.8 35.4 35.6 35.4 36.1 36.2 36.3 36.5

Active Student Enrollment
106,056 105,742 106,488 106,836 106,502 107,914 109,529 111,060 111,848 112,412

Unemployment Rate
3.8% 5.6% 8.8% 9.7% 8.9% 8.0% 7.1% 6.0% 5.0% 4.6%

Notes: Student Enrollment is based on the data for the end of the school year which is subsequent to the calendar year end.
NA - Information not available at time of publication.
Sources: Population (includes city of Marietta), Personal Income, and Per Capita Personal Income from US Bureau of Economic Analysis.
Median Household Income and Unemployment Rate from Georgia Department of Labor (HUD and US Census Bureau estimates).
Median Age from US Census Bureau.

137

COBB COUNTY SCHOOL DISTRICT PRINCIPAL EMPLOYERS CURRENT YEAR AND NINE YEARS AGO
Principal Employers - 2016

70,000 60,000 50,000 40,000 30,000 20,000 10,000
-

Kroger Co. Six Flags Over Georgia Brand Energy & Infrastructure Holdings Publix Super Markets Cobb County Government Lockheed Martin Kennesaw State University Wellstar Health System Home Depot Cobb County School District

Employer Cobb County School District Home Depot Wellstar Health System Kennesaw State University Lockheed Martin Cobb County Government Publix Super Markets Brand Energy & Infrastructure Holdings Six Flags Over Georgia Kroger Co. Walmart
Total

Rank 1 2 3 4 5 6 7 8 9 10

2016
Employees 14,980 12,000 11,596 5,980 5,100 5,086 3,619 2,803 2,772 2,523
66,459

Percentage of Total County
Employment 3.74% 3.00% 2.90% 1.49% 1.27% 1.27% 0.90% 0.70% 0.69% 0.63%
16.59%

Rank 1 4 2 7 3 5 6
9 10 8

2007
Employees 15,533 6,276 9,838 3,185 6,617 5,427 3,215

Percentage of Total County
Employment 4.24% 1.71% 2.68% 0.87% 1.80% 1.48% 0.88%

2,240 1,898 2,660
56,889

0.61% 0.52% 0.73%
15.52%

Information is available by calendar year; therefore, data reported is for years ended December 31, 2016, and nine years earlier, December 31, 2007. Principal Employers within the county provided by 2016 and 2007 Cobb County Government CAFRs. School District employee totals include each employee in his/her primary job position only.
Sources: District Records, Cobb County Government, US Bureau of Labor Statistics

138

COBB COUNTY SCHOOL DISTRICT COMPARISON OF METROPOLITAN ATLANTA SCHOOL DISTRICT PROPERTY TAX RATES JUNE 30, 2017

METRO ATLANTA SCHOOL DISTRICT TAX RATES

30.000

25.000

20.000

15.000

10.000

5.000

0.000

Atlanta Clayton Cobb Dekalb Douglas Fulton Gwinnett Marietta Rockdale City County County County County County County City County

Atlanta City Fulton County

Clayton County Cobb County Gwinnett County Marietta City

Dekalb County Douglas County Rockdale County

(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 19.095 18.900 23.380 21.000 18.483 21.850 17.970 25.320

Source: Georgia Department of Revenue

Maintenance & Operations
21.715 19.095 18.900 23.380 19.800 18.483 19.800 17.970 25.320

Debt Service 0.025 0.000 0.000 0.000 1.200 0.000 2.050 0.000 0.000

139

COBB COUNTY SCHOOL DISTRICT COBB COUNTY BANK DEPOSITS, CONSTRUCTION AND TAXABLE PROPERTY VALUES LAST TEN YEARS

dollars in millions
$1,400

Cobb County New Construction

$1,200

$1,000

$800

$600

$400

$200

$0 2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

(dollars expressed in millions)

Calendar Year Ended
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Bank Deposits (a)
$ 10,026 10,739 10,542 9,468 9,490 10,269 10,933 11,936 13,769 13,797

Single-Family

Residences (b)

Number

Market

of Units

Value

1,276 $ 332

510

118

434

99

491

114

597

161

734

204

1,077

316

938

277

923

314

939

311

Total New

Construction (b)

Number

Market

of Permits

Value

9,687 $ 838

7,019

572

5,102

349

5,594

410

5,587

656

5,667

581

6,320

711

7,352

596

5,596

1,078

5,725

1,371

Estimated Actual Value of Taxable Property (c)

$

60,463

63,219

61,936

56,624

53,410

52,227

51,004

52,775

54,686

58,105

(a) Bank deposits as of June 30, 2007 and 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.
Source: Cobb County Tax Commissioner.

140

COBB COUNTY SCHOOL DISTRICT PROPERTY DIGEST REDUCTIONS DUE TO EXEMPTIONS LAST TEN FISCAL YEARS

amounts in thousands
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000

Digest Reductions Compared to Gross Property Digest

Gross Property Digest
Personal Property Exemption
Elderly Exemption
Homestead Exemption

$0 2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

(amounts expressed in thousands)

Reductions

Disabled

Personal

Total

Gross

as Percent

Fiscal Homestead

Elderly

Residents

Property Conservation

Digest

Property

of Gross

Year Exemption

Exemption Exemption Exemption Exemption Reductions

Digest

Digest

2008 $ 1,166,776 $ 2,921,905 $ 14,666 $ 1,264,100 $ 83,478 $ 5,450,925 $ 24,185,375

22.54%

2009

1,165,038

3,115,732

15,099

1,086,274

80,282

5,462,425

25,287,425

21.60%

2010

1,160,256

3,374,955

15,389

1,159,876

82,041

5,792,517

24,774,275

23.38%

2011

1,133,942

3,308,523

15,208

1,501,213

66,204

6,025,090

22,649,587

26.60%

2012

1,086,141

3,305,864

14,608

1,274,139

53,464

5,734,216

21,363,851

26.84%

2013

1,041,831

3,299,172

15,660

1,175,141

52,676

5,584,480

20,891,129

26.73%

2014

999,067

3,420,226

16,281

1,196,382

53,574

5,685,530

20,401,572

27.87%

2015

965,937

3,755,620

18,132

1,068,067

53,146

5,860,902

21,109,974

27.76%

2016

935,568

4,177,064

21,587

1,249,680

54,339

6,438,238

21,874,329

29.43%

2017

918,620

4,764,134

26,027

1,330,396

59,702

7,098,879

23,241,892

30.54%

Source: Cobb County Office of Tax Commissioner

141

COBB COUNTY SCHOOL DISTRICT NUMBER OF PERSONNEL AND RATIO OF PUPILS TO PROFESSIONAL PERSONNEL LAST TEN FISCAL YEARS

Ratio of Pupils to Professional Personnel
25

20

15

10

5

0 2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

Fiscal Year
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Professional Personnel (a)
9,101 9,213 9,272 8,378 8,290 8,008 7,907 8,036 8,050 8,099

Other Operating Personnel (b)
3,379 3,391 3,046 2,841 2,970 2,896 2,821 2,769 2,943 2,953

Service Personnel (c)
2,972 3,049 2,994 2,857 2,847 2,813 2,834 2,949 2,599 2,613

Total Personnel
15,452 15,653 15,312 14,076 14,107 13,717 13,562 13,754 13,592 13,665

Active Student Enrollment
106,056 105,742 106,488 106,836 106,502 107,914 109,529 111,060 111,848 112,412

Ratio of Pupils to Professional Personnel
11.7 to 1 11.5 11.5 12.8 12.8 13.5 13.9 13.8 13.9 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

142

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 2007

2008

2009

2010

2011

2012

2013

2014

2015

2017

Fiscal Year
2007 2008 2009 2010 2011 2012 2013 2014 2015 2017

Expenses
$ 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 1,088,719,000 1,161,536,000 1,278,514,000

Active Student Enrollment
106,056 105,742 106,488 106,836 106,502 107,914 109,529 111,060 111,848 112,412

Cost Per Pupil Enrolled
$ 10,395 10,472 10,226 9,832 10,086 9,901 9,631 9,803 10,385 11,373

Percentage of
Change
0.74% -2.35% -3.86% 2.58% -1.83% -2.73% 1.79% 5.94% 9.52%

Professional Personnel
9,101 9,213 9,272 8,378 8,290 8,008 7,907 8,036 8,050 8,099

Ratio of Pupils to Professional Personnel
11.7 to 1 11.5 11.5 12.8 12.8 13.5 13.9 13.8 13.9 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
143

COBB COUNTY SCHOOL DISTRICT GENERAL FUND EXPENDITURES BY FUNCTION LAST TEN FISCAL YEARS

amounts in thousands $1,000,000

Expenditures by School Function

$900,000

$800,000

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$0 2008 2009 2010 2011 2012 2013 2014
Other Capital Outlay Business Serv. School & Admin.

2015 2016 Pupil Services

2017 Instruction

(amounts expressed in thousands)

Fiscal

Pupil

Year Instruction Services

School & Administrative
Services

Business Services

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

$ 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 19,489 679,320 19,248 719,560 25,478 742,169 24,385

83,620 85,445 74,888 72,761 78,172 77,821 78,407 84,588 103,673 106,625

$ 100,139 101,253 97,049 93,103 93,237 100,191 103,311 106,063 110,845 114,446

Capital Outlay Other

$ 15,970 $ 2,085

14,977 1,484 3,522 9,214 6,659

7,676 -

4,346 3,769 2,546 1,510

1,489 458 465 -

Total
$ 931,690 932,214 863,036 821,638 839,615 834,752 835,694 893,446 962,567 989,135

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

144

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 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

(amounts expressed in thousands)

Fiscal Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Local Taxes $ 460,537
475,294 462,518 427,174 408,123 397,592 405,970 421,814 443,641 475,835

Intergovernmental

$

449,098

404,313

404,856

431,352

391,997

415,168

431,907

459,181

490,747

519,721

Interest Income

$

9,843

4,497

2,475

2,410

1,981

1,562

1,637

1,294

1,189

1,662

Other $ 1,082
2,276 1,830 1,091 1,092 2,406 4,991 2,935 1,751 2,188

Total $ 920,560
886,380 871,679 862,027 803,193 816,728 844,505 885,224 937,328 999,406

Other includes Tuition & Fees, Insurance & Damage Recoveries, Rentals and Other Revenues. Source: District Records
145

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
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%

Fiscal Year
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Debt Service Fund Expenditures
-

General Fund Expenditures
$ 931,690,000 932,214,000 863,036,000 821,638,000 839,615,000 834,752,000 835,694,000 893,446,000 962,567,000 989,135,000

Note: Debt Service was fully paid by the end of fiscal year 2007.

Source: District Records

146

Ratio of Debt Service Fund to General Fund
Expenditures
0.00% 0.00% 0.00% 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

2017 797,022,000

Maturity 1970 1977 1980 1983 1994 1990 1994 1996 1997 1997 1997 2001 2002 2004 2007 2002 2003 2008 2013 2018 2023

Action Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Failed Passed 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 25,160

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 8,902

Void 17 31 38 36 63 5 10 22
219 103
65 126 268 142 177 545
44 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 34,106

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% 73.87%

Note: 1997, 1998, 2003, 2008, 2013 and 2017 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.
147

COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS

School Name
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

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

131,924 962 808
81,334 637 591
61,503 562 666
85,236 512 324
106,668 962 772
54,862 462 621
67,106 562 656
83,417 837 785
106,180 912 863
111,299 837 723
49,828 412 246
99,181 912 802
114,090 962 818
136,261 962
1,234
124,148 962 885
122,260 937
1,105

131,924 962 870
81,334 637 583
61,503 562 654
85,236 512 326
106,668 962 806
54,862 462 580
67,106 562 612
83,417 837 851
106,180 912 751
111,299 837 710
49,828 412 264
99,181 912 860
114,090 962 797
136,261 962
1,109
124,148 962 838
122,260 937
1,090

131,924 962 853
81,334 637 557
61,503 562 662
85,236 512 309
106,668 962 819
54,862 462 586
67,106 562 619
83,417 837 859
106,180 912 710
111,299 837 722
49,828 412 292
99,181 912 954
114,090 962 802
136,261 962
1,046
124,148 962 849
122,260 937
1,084

131,924 962 830
81,334 637 587
61,503 562 652
85,236 512 320
106,668 962 809
54,862 462 604
67,106 562 534
83,417 837 825
106,180 912 750
111,299 837 735
49,828 412 297
99,181 912 963
114,090 962 771
136,261 962 997
124,148 962 816
122,260 937
1,115

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

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

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

131,924 913 732
81,334 662 615
56,904 537 454
85,236 562 553
106,694 987 782
83,098 712 738
68,409 562 360
84,461 837 753
105,886 912 732
111,299 837 723
49,828 412 -
99,181 912
1,024
116,071 962 980
136,261 987 910
124,148 963 707
137,108 1,063 1,094

131,924 913 697
81,334 662 619
56,904 537 410
85,236 562 569
106,694 987 774
83,098 712 702
68,409 562 340
84,461 837 702
105,886 912 792
111,299 837 721
49,828 412 -
99,181 912
1,002
116,071 962 993
136,261 987 873
124,148 963 673
137,108 1,063 1,110

131,924 913 717
81,334 662 610
56,904 537 452
85,236 562 518
106,694 987 789
83,098 712 697
68,049 562 356
84,461 837 617
105,886 912 893
111,299 837 744
49,828 412 -
99,181 912 942
116,071 962
1,015
136,261 987 805
124,148 963 656
137,108 1,063 1,131

148

COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS

School Name
Clarkdale (1963) (a) Square Feet Capacity Enrollment
Clarkdale Replacement (2012) Square Feet Capacity Enrollment
Clay (1961) Square Feet Capacity Enrollment
Compton (1969) Square Feet Capacity Enrollment
Davis (1987) Square Feet Capacity Enrollment
Dowell (1989) Square Feet Capacity Enrollment
Due West (1957) Square Feet Capacity Enrollment
East Side (1952) Square Feet Capacity Enrollment
East Side Replacement (2011) Square Feet Capacity Enrollment
Eastvalley (1960) Square Feet Capacity Enrollment
Fair Oaks (1957) Square Feet Capacity Enrollment
Ford (1991) Square Feet Capacity Enrollment
Frey (1996) Square Feet Capacity Enrollment
Garrison Mill (1984) Square Feet Capacity Enrollment
Green Acres (1996) Square Feet Capacity Enrollment
Harmony Leland (1951) Square Feet Capacity Enrollment

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

44,412 362 464
-
51,930 437 528
100,586 912 541
87,763 787 581
106,003 962
1,087
71,112 612 459
77,918 787 961
-
58,150 562 550
98,789 862 825
91,129 837
1,027
124,148 962 830
85,775 687 705
90,915 687 653
85,764 512 475

44,412 362 440
-
51,930 437 536
100,586 912 516
87,763 787 558
106,003 962
1,061
71,112 612 497
77,918 787 990
-
58,150 562 556
98,789 862 806
91,129 837 884
124,148 962 621
85,775 687 699
90,915 687 658
85,764 512 517

407
-
51,930 437 535
100,586 912 485
87,763 787 557
106,003 962 996
71,112 612 538
77,918 787
1,031
-
58,150 562 619
98,789 862 839
91,129 837 863
124,148 962 670
85,775 687 724
90,915 687 712
85,764 512 544

394
-
51,930 437 543
100,586 912 485
87,763 787 540
106,003 962
1,019
71,112 612 536
77,918 787
1,059
-
58,150 562 622
98,789 862 824
91,129 837 831
124,148 962 677
85,775 687 706
90,915 687 738
85,764 512 582

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

-
129,988 862 587
55,412 437 351
99,427 937 556
86,131 788 559
106,003 963 968
70,367 587 547
-
149,764 1,087 1,221
60,029 562 661
97,993 863 831
91,129 862 713
125,717 963 737
85,775 688 716
90,915 688 866
65,127 512 678

-
129,988 862 631
55,412 437 381
99,427 937 559
86,131 788 584
106,003 963 922
70,367 587 594
-
149,764 1,087 1,304
60,029 562 692
97,993 863 898
91,129 862 681
125,717 963 742
85,775 688 675
90,915 688 767
65,127 512 699

-
129,988 862 724
55,412 437 396
99,427 937 590
86,131 788 578
106,003 963 942
70,367 587 626
-
149,764 1,087 1,268
60,029 562 691
97,993 863 960
91,129 862 717
125,717 963 746
85,775 688 690
90,915 688 732
65,127 512 721

-

-

-

-

-

-

129,988 862 726

129,988 863 798

55,412 437 407

55,412 437 395

99,427 937 576

88,079 788 559

86,131 788 568

86,131 788 572

106,003 963
1,013

106,003 963 973

70,367 587 627

70,367 587 635

-

-

-

-

-

-

149,764 1,087 1,266

149,764 1,087 1,298

60,029 562 693

60,029 562 720

97,993 863 956

97,993 863 961

91,129 862 723

91,129 862 805

125,717 963 783

125,717 963 817

85,775 688 672

85,775 688 674

90,915 688 737

90,915 688 706

65,127 512 686

65,127 512 672

Continued---

149

COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS

School Name
Hayes (1993) Square Feet Capacity Enrollment
Hendricks (2001) Square Feet Capacity Enrollment
Hollydale (1968) Square Feet Capacity Enrollment
Keheley (1986) Square Feet Capacity Enrollment
Kemp (2002) Square Feet Capacity Enrollment
Kennesaw (1991) Square Feet Capacity Enrollment
Kincaid (1972) Square Feet Capacity Enrollment
King Springs (1956) Square Feet Capacity Enrollment
LaBelle (1955) Square Feet Capacity Enrollment
Lewis (1986) Square Feet Capacity Enrollment
Mableton (1950) Square Feet Capacity Enrollment
Mableton Replacement (2012) Square Feet Capacity Enrollment
McCall Primary (2005) Square Feet Capacity Enrollment
Milford (1954) Square Feet Capacity Enrollment
Mount Bethel (1978) Square Feet Capacity Enrollment
Mountain View (1986) Square Feet Capacity Enrollment

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

117,579 962
1,080
123,000 962 618
89,995 812 841
68,030 587 513
123,000 962 913
113,828 962 952
81,752 762 614
58,785 562 583
80,655 687 475
115,363 962
1,124
47,426 412 407
-
88,217 512 469
69,776 612 653
105,016 912 960
102,725 862 819

117,579 962
1,061
123,000 962 598
89,995 812 781
68,030 587 488
123,000 962 902
113,828 962 906
81,752 762 660
58,785 562 587
80,655 687 484
115,363 962 910
47,426 412 417
-
88,217 512 451
69,776 612 624
105,016 912
1,002
102,725 862 829

117,579 962
1,116
123,000 962 576
89,995 812 764
68,030 587 465
123,000 962 926
113,828 962 915
81,752 762 675
58,785 562 617
80,655 687 486
115,363 962 885
47,426 412 399
-
88,217 512 459
69,776 612 650
105,016 912
1,029
102,725 862 833

117,579 962
1,078
123,000 962 565
89,995 812 727
68,030 587 468
123,000 962 931
113,828 962 848
81,752 762 687
58,785 562 676
80,655 687 449
115,363 962 885
47,426 412 437
-
88,217 512 506
69,776 612 635
105,016 912 996
102,725 862 848

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

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

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

119,189 962 934
123,025 962 529
89,012 862 687
70,537 588 538
123,000 962
1,035
116,400 962 667
83,969 762 726
59,658 587 859
82,912 688 539
115,363 962 703
-
148,523 962 953
88,158 562 396
73,352 612 458
110,096 937
1,040
102,725 887 853

119,189 962 883
123,025 962 568
89,012 862 667
70,537 588 529
123,000 962 995
116,400 962 639
83,969 762 702
59,658 587 913
82,912 688 530
115,363 962 656
-
148,523 962
1,023
88,158 562 407
73,352 612 467
110,096 937
1,119
102,725 887 837

119,189 962 850
123,025 962 584
89,012 862 649
70,537 588 508
123,000 962 953
116,400 962 601
83,969 762 699
59,658 587 944
82,912 688 480
115,363 962 597
-
148,523 962
1,064
88,158 562 375
73,352 612 461
110,096 937
1,132
102,725 887 755

150

COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS

School Name
Murdock (1975) Square Feet Capacity Enrollment
Nicholson (1990) Square Feet Capacity Enrollment
Nickajack (1998) Square Feet Capacity Enrollment
Norton Park (1961) Square Feet Capacity Enrollment
Pickett's Mill (2008) Square Feet Capacity Enrollment
Pitner (2003) Square Feet Capacity Enrollment
Powder Springs (1988) Square Feet Capacity Enrollment
Powers Ferry (1951) Square Feet Capacity Enrollment
Riverside Primary (2005) Square Feet Capacity Enrollment
Riverside Intermediate (2001) Square Feet Capacity Enrollment
Rocky Mount (1977) Square Feet Capacity Enrollment
Russell (1961) Square Feet Capacity Enrollment
Sanders (1997) Square Feet Capacity Enrollment
Sedalia Park (1956) Square Feet Capacity Enrollment
Shallowford Falls (1990) Square Feet Capacity Enrollment
Sky View (1957) (b) Square Feet Capacity Enrollment

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

123,233 962 846
75,800 637 511
114,350 837 670
87,301 787 678
-
135,800 962
1,054
101,870 887 891
56,104 462 472
85,236 512 516
123,000 962 819
78,720 587 591
101,862 962 655
116,302 862 894
101,125 887 746
112,947 962 663
50,270 462 387

123,233 962 875
75,800 637 521
114,350 837 725
87,301 787 764
136,261 962 724
135,800 962 971
101,870 887 892
56,104 462 477
85,236 512 440
123,000 962 777
78,720 587 606
101,862 962 687
116,302 862 936
101,125 887 799
112,947 962 695
50,270 462 409

123,233 962 861
75,800 637 527
114,350 837 815
87,301 787 674
136,261 962 742
135,800 962 977
101,870 887 866
56,104 462 483
85,236 512 465
123,000 962 841
78,720 587 592
101,862 962 725
116,302 862 926
101,125 887 782
112,947 962 710
50,270 462 399

123,233 962 823
75,800 637 497
114,350 837 904
87,301 787 730
136,261 962 717
135,800 962 945
101,870 887 811
56,104 462 490
85,236 512 491
123,000 962 871
78,720 587 629
101,862 962 703
116,302 862 872
101,125 887 804
112,947 962 690
50,270 462 373

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

123,233 962 830
75,800 637 511
122,342 937
1,055
87,935 837 788
139,090 963 723
136,261 962 937
101,870 888 783
59,190 462 467
85,236 562 681
123,000 962
1,107
71,408 612 614
103,369 962 728
116,302 862 829
99,735 888 828
112,620 962 658
-

123,233 962 859
75,800 637 500
122,342 937
1,130
87,935 837 808
139,090 963 736
136,261 962 909
101,870 888 807
59,190 462 448
85,236 562 710
123,000 962
1,101
71,408 612 602
104,362 962 704
116,302 862 809
99,735 888 815
112,620 962 654
-

123,233 962 896
75,800 637 516
122,342 937
1,115
87,935 837 916
139,090 963 750
136,261 962 888
101,870 888 824
59,190 462 436
85,236 562 671
123,000 962
1,182
72,896 612 622
104,362 962 697
116,302 862 827
99,735 888 845
112,620 962 669
-

123,233 962 937

123,233 962
1,019

75,800 637 544

75,800 637 538

122,342 937
1,054

122,342 937
1,068

87,935 837 950

87,935 837 917

139,090 963 732

139,090 987 761

136,261 962 892

136,261 962 966

101,870 888 815

101,870 888 838

59,190 462 446

59,190 462 437

85,236 562 639

85,236 562 613

123,000 962
1,220

123,000 962
1,221

72,896 612 613

72,896 612 584

104,362 962 699

104,362 962 688

116,302 862 774

116,302 862 747

99,735 888 866

99,735 912 868

112,620 962 640

112,620 962 663

-

-

-

-

-

-

Continued---

151

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

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

-
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

-
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

-
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

-
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

-
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

-
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

143,107 962 863
133,344 1,162 1,181
116,074 963 814
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

143,107 962 954
133,344 1,162 1,150
117,539 963 789
52,764 487 777
73,450 612 612
109,769 937 900
109,827 962 674
122,260 937 690
156,660 1,037 823
178,465 1,162 938
220,228 1,338 1,409
170,905 1,162 939
177,356 1,163 962
166,048 1,187 1,254
183,798 1,212 1,227
173,487 1,162 1,058

143,107 962 962
133,344 1,162 1,164
117,539 963 784
107,837 812 804
73,450 612 616
109,769 937 907
109,827 962 714
122,260 937 666
156,660 1,037 838
178,465 1,162 936
220,228 1,338 1,407
170,905 1,162 942
177,356 1,163 945
166,048 1,187 1,271
183,798 1,212 1,249
173,487 1,162 1,030

143,107 962 991
133,344 1,162 1,166
117,539 963 783
108,100 837 874
73,450 612 606
109,769 937 912
109,827 963 719
122,260 937 722
156,660 1,037 861
178,465 1,162 903
220,228 1,338 1,426
170,905 1,162 1,001
177,356 1,163 989
166,048 1,187 1,271
183,798 1,212 1,268
173,487 1,162 1,061

152

COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS

School Name
East Cobb (1963) Square Feet Capacity Enrollment
Floyd (1964) Square Feet Capacity Enrollment
Garrett (1972) Square Feet Capacity Enrollment
Griffin (1972) Square Feet Capacity Enrollment
Hightower Trail (1993) Square Feet Capacity Enrollment
Lindley 6th Grade Academy (1962) Square Feet Capacity Enrollment (b)
Lindley (2001) Square Feet Capacity Enrollment
Lost Mountain (1992) Square Feet Capacity Enrollment
Lovinggood (2006) Square Feet Capacity Enrollment
Mabry (1978) Square Feet Capacity Enrollment
McCleskey (1983) Square Feet Capacity Enrollment
McClure (2006) Square Feet Capacity Enrollment
Palmer (2001) Square Feet Capacity Enrollment
Pine Mountain (1979) Square Feet Capacity Enrollment
Simpson (1988) Square Feet Capacity Enrollment
Smitha (1993) Square Feet Capacity Enrollment

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
186,961 1,362 1,273
166,551 1,112 865
152,212 963 854
186,947 1,162 1,154
149,038 1,012 992
111,260 788 542
179,170 1,162 1,072
165,107 1,137 939
175,345 1,162 1,339
160,581 1,162 847
149,577 937 678
191,209 1,163 1,092
175,974 1,162 963
169,809 912 706
138,902 962 876
169,345 1,137 995

2014
186,961 1,362 1,310
166,551 1,112 969
152,212 963 779
186,947 1,162 1,201
149,038 1,012 1,014
111,260 788 589
179,170 1,162 1,089
165,107 1,137 943
175,345 1,162 1,406
160,581 1,162 893
149,577 937 715
191,209 1,163 1,090
175,974 1,162 990
169,809 912 710
143,888 962 895
169,345 1,137 1,001

2015
186,961 1,362 1,243
166,551 1,112 933
152,212 963 838
186,947 1,162 1,180
149,038 1,012 1,068
111,260 788 530
179,170 1,162 1,161
165,107 1,137 962
175,345 1,162 1,426
160,581 1,162 893
149,577 937 677
191,209 1,163 1,137
175,974 1,162 1,024
169,809 912 691
143,888 962 913
169,345 1,137 988

2016

2017

186,961 1,362 1,225

186,961 1,362 1,198

166,551 1,112 943

166,551 1,112 933

152,212 963 916

152,212 963 885

186,947 1,162 1,237

186,947 1,162 1,282

149,038 1,012 1,076

149,038 1,012 1,125

111,260 788 532

111,260 788 501

179,170 1,162 1,139

179,170 1,162 1,005

165,107 1,137 1,058

165,107 1,137 1,103

175,345 1,162 1,354

175,345 1,162 1,413

160,581 1,162 889

165,479 1,162 881

149,577 937 696

149,577 937 676

191,209 1,163 1,198

191,209 1,162 1,234

175,974 1,162 1,019

175,974 1,162 942

169,809 912 616

169,809 912 597

143,888 962 935

143,888 962 960

169,345 1,137 969

169,345 1,137 991

Continued---

153

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

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

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

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

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

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

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

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

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

157,435 1,137 769
325,200 1,912 1,773
374,180 2,637 2,380
337,584 2,587 1,926
319,000 1,987 2,213
321,068 1,987 1,499
319,000 1,987 2,090
310,950 2,112 2,086
504,107 2,362 2,137
406,817 2,787 2,750
328,000 2,062 1,812
319,768 1,788 2,173
260,606 1,912 1,868
388,425 2,612 1,954
297,400 2,062 1,701
307,655 2,312 2,582

157,435 1,137 808
330,289 1,912 1,717
374,180 2,637 2,509
337,584 2,587 1,949
319,000 1,987 2,334
321,068 1,987 1,437
319,000 1,987 2,120
310,950 2,112 2,121
504,107 2,362 2,199
406,817 2,787 2,755
328,000 2,062 1,821
319,768 1,788 2,377
260,606 1,912 1,919
388,425 2,612 1,906
297,400 2,062 1,703
307,655 2,312 2,616

157,435 1,137 859
330,289 1,912 1,670
374,180 2,638 2,600
337,584 2,587 2,024
319,000 1,987 2,371
321,068 1,987 1,484
319,000 1,987 2,099
310,950 2,112 2,179
504,107 2,362 2,227
406,817 2,787 2,810
328,000 2,062 1,977
319,768 1,788 2,375
260,606 1,912 1,990
388,425 2,612 1,899
297,400 2,062 1,610
307,655 2,312 2,615

154

COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS

School Name

2008

2009

Wheeler (1964)

Square Feet

318,504 318,504

Capacity

1,837

1,837

Enrollment

1,797

1,877

Oakwood (1944)

Square Feet

93,612

93,612

Capacity

462

520

Enrollment

286

192

Performance Learning Center (located at Oakwood)

Enrollment

-

58

Hawthorne (Haven) (1958) (c)

Square Feet

32,500

32,500

Capacity

312

312

Enrollment

156

158

Fitzhugh Lee (Haven) (1935)(c)

Square Feet

35,684

35,684

Capacity

312

312

Enrollment

-

-

Kennesaw Charter (d)

Enrollment

495

504

Mableton Charter (d)

Enrollment

569

595

International Academy of Smyrna (d)

Enrollment

414

438

Devereux Georgia (d)

Enrollment

108

115

Sky View (1957) (b) (Haven - 2016)

Square Feet

-

-

Capacity

-

-

Enrollment

-

-

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
318,504 1,837 1,948
93,858 462 70
59
32,500 312 77
35,684 312 39
782
-
943
75
-

2014
361,490 2,162 2,049
93,858 462 78
70
32,500 312 69
35,684 312 33
871
-
944
87
-

2015
341,594 2,112 2,008
93,858 462 91
93
32,500 312 77
35,684 312 37
858
-
966
88
-

2016

2017

440,214 2,187 2,075

434,631 2,187 2,076

93,858 462 63

93,858 462 55

148

147

-

-

-

-

-

-

-

-

-

-

-

-

838

778

-

-

1,033

993

78

86

50,270

50,270

462

462

119

102

Concluded.

(a) Original Clarkdale building destroyed by flood fall 2009. Clarkdale Replacement school opened for school year 2012-13. (b) In fiscal year 2016, Haven Academy combined its two campuses (Fitzhugh Lee and Hawthorne) to become a one campus program at the Sky View facility. (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. Data reflects the new Five-Year Local Facilities Plan approved by the Board on April 28, 2016. The 2016 - 2020 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

155

COBB COUNTY SCHOOL DISTRICT TEACHERS' SALARY SCHEDULE LAST TEN FISCAL YEARS

$100,000 $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 2008

2009

2010

Teachers' Salary Range

2011

2012

2013

2014

2015

Minimum Maximum Cobb Average

2016

2017

Fiscal Year
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Minimum

$

39,140

39,962

38,958

38,958 38,958 38,958

38,958

39,347 41,330 42,364

Maximum

$

82,435

84,204

82,088

82,088 82,088 82,088

82,088

82,908 87,087 89,264

Cobb Average

$

52,977

54,286

53,320

54,168 53,770 54,323

54,435

55,773 58,425 60,185

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

$

51,466

52,823

53,155

52,830 53,002 52,956

52,973

53,424 54,215 55,530

156

COBB COUNTY SCHOOL DISTRICT ADMINISTRATIVE SALARY SCHEDULE JUNE 30, 2017

$325,000 $300,000 $275,000 $250,000 $225,000 $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 $ 308,860
133,217 113,416
99,834 89,668 114,928 92,981 90,004

Maximum $ 308,860
158,386 133,218 114,916 123,154 133,218 123,443 120,469

157

COBB COUNTY SCHOOL DISTRICT SCHEDULE OF INSURANCE IN FORCE JUNE 30, 2017

Type of Coverage

Name of Company and Policy Number

Bus, Truck, Motor Vehicles Liability Property Theft Employee's Blanket Bond General Liability Property Boiler (Includes Insurance) Student Athletic

Self Insured
Self Insured BerkelyCrime BGOV-45002366-20 Self Insured Travelers KTJ-CMB-1G46706-9-15 T.W. Lord & Associates

Superintendent's

Old Republic Surety Co.

Bond

APO002121620

Principal's

Old Republic Surety Co.

Bond

APS1177822

Worker's Compensation Self Insured

Excess Worker's

State National Insurance

Compensation

NDE-0859281-15

Disability, Long-Term The Hartford

402273

Disability, Short-Term The Hartford

402273

STD Plan Option 1

STD Plan Option 2

STD Plan Option 3

STD Plan Option 4

STD Plan Option 5

STD Plan Option 6

STD Plan Option 7

STD Plan Option 8

Life Insurance and AD&D

The Hartford 402273

Dependent Life

The Hartford 402273

Optional Life and AD&D

The Hartford 402273

Policy Period

From

To

Liability Limits

Annual Premium

6/1/1994 Ongoing $300,000

N/A

6/1/1994 Ongoing N/A 8/1/2016 8/1/2017 $7,500,000

N/A $20,799

6/1/1994 Ongoing $500,000 7/1/2016 7/1/2017 $500,000,000

N/A $533,662

8/1/2016 8/1/2017 Varies

Student/Parent Funded

5/1/2016 5/1/2017 $100,000

$350

8/1/2016 8/1/2017 $10,000

$3,990

N/A

N/A Statutory

10/1/2016 10/1/2017 $1,000,000

N/A $128,315

1/1/2017 12/31/2017 Benefit Schedule per salary

$1,344,744

1/1/2017 12/31/2017

8th calendar day. 66.67% of weekly earnings.

Employee pays $21.08 per month.

15th calendar day. 66.67% of weekly earnings.

Employee pays $17.46 per month.

31st calendar day. 66.67% of weekly earnings.

Employee pays $11.45 per month.

61st calendar day. 66.67% of weekly earnings.

Employee pays $11.15 per month.

8th calendar day. 50% of weekly earnings.

Employee pays $15.41 per month.

15th calendar day. 50% of weekly earnings.

Employee pays $12.76 per month.

31st calendar day. 50% of weekly earnings.

Employee pays $8.37 per month.

61st calendar day. 50% of weekly earnings.

Employee pays $8.13 per month.

1/1/2017 12/31/2017

The first $10,000 of coverage for

smokers or first $13,000 for non-

smokers is paid by CCSD. 1/1/2017 12/31/2017 Coverage options: $10,000 Employee pays $1.75 for $10,000 of

or $25,000

coverage of child(ren) or $4.37 for

$25,000 of coverage; employee pays

$3.58 for $10,000 of coverage of

spouse or $8.96 for $25,000 monthly.

1/1/2017 12/31/2017 Employee can choose up to Employee pays $0.165 per $1,000 of

7 times his/her annual

Supplemental Life coverage monthly.

earnings. (Max. $500,000)

Continued ---

158

COBB COUNTY SCHOOL DISTRICT

SCHEDULE OF INSURANCE IN FORCE
JUNE 30, 2017

Type of Coverage

Name of Company and Policy Number

Policy Period

From

To

Liability Limits

Annual Premium

Dental Insurance High Option

MetLife Dental 11-1554000000

Low Option

Cancer Insurance
Economy Plan
Standard Plan
Deluxe Plan
Critical Illness Insurance Ages 18-35 Years

Allstate Benefits V1935
Allstate Benefits V1935

Ages 36-50 Years

Ages 51-60 Years

Ages 61-63 Years

Ages 64+ Years

Vision Insurance Preferred Plus Plan

Avesis 9155NC

Base Plan

Legal Insurance Accident Insurance

ARAG Group 17840-001
Allstate Benefits V1935

Hospital Indemnity

Allstate Benefits V1935

1/1/2017 12/31/2017

Plus Plan provides preferred Employee pays $36.23 for single

rates with a maximum

coverage, $67.00 for employee plus

coverage of $1,000 per

one, or $110.48 for family coverage

participant per calendar monthly.

1/1/2017 12/31/2017 Base Plan has co-pays for Employee pays $14.30 for single

Preventative and Diagnostic coverage, $26.74 for employee plus

services with a maximum of one, or $45.80 for family coverage

$750 coverage per

monthly.

participant per calendar

year. 1/1/2017 12/31/2017 Based on Benefit Schedule Employee pays rates monthly

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.

1/1/2017 12/31/2017 Provides $10,000 critical Employee pays rates monthly

illness coverage to

depending on 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 $5.79 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.

1/1/2017 12/31/2017 Based on Benefit Schedule Employee pays rates monthly

depending on chosen plan.

Single coverage is $4.81; coverage for

employee plus one family member is

$8.99, and family coverage is $13.36

each month.

Single coverage is $1.10 per month;

coverage for employee plus one family

member is $1.94, and family coverage

is $2.86 each month. 1/1/2017 12/31/2017 Based on Benefit Schedule Employee pays $13.52 for single

coverage or $16.88 for family

Coverage monthly.

1/1/2017 12/31/2017 Based on Benefit Schedule Employee pays monthly premium of

$15.35 self, $26.52 self and spouse,

$32.92 self and children, or $42.85

family.

1/1/2017 12/31/2017 Based on Benefit Schedule Employee pays monthly premium of

$9.36 self, $25.09 self and spouse,

$16.25 self and children, or $27.17

family.

Concluded.

Source: District Records

159

COBB COUNTY SCHOOL DISTRICT SCHOOL LUNCH AND BREAKFAST PROGRAM LAST TEN FISCAL YEARS

amounts in thousands

Meals Served
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 2008

2009

2010

2011

2012 Lunch

2013 Breakfast

2014

2015

2016

2017

(amounts expressed in thousands)

Lunch Meals Served: Free Reduced Paid
Total Daily Average Student Price

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

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

6,317 813
4,492 11,622
66
$2.15-$2.40

6,360 783
4,455 11,598
64
$2.25-$2.50

6,119 868
4,293 11,280
63
$2.25-$2.50

Breakfast Meals Served: Free Reduced Paid
Total Daily Average Student Price

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

2,850 239 414
3,503 20
$1.25

2,916 246 453
3,615 20
$1.25

2,853 290 468
3,611 20
1.25

Total Meals Served: Free Reduced Paid
Total Daily Average
Source: District Records

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

9,167 1,052 4,906 15,125
86

9,276 1,029 4,908 15,213
84

8,972 1,159 4,762 14,891
83

160

COBB COUNTY SCHOOL DISTRICT NUMBER OF SCHOOLS LAST TEN FISCAL YEARS

120

Number of Schools

110

100

90

80

70

60

50

40

30

20

10

0 2008

2009

2010

2011 2012 Elementary

201M3iddle2014High2015

2016

2017

Fiscal Year

Elementary

Middle

High

2008

68

24

17

2009

68

25

17

2010

68

25

17

2011

68

25

16

2012

68

25

16

2013

67

25

16

2014

67

25

16

2015

67

25

16

2016

67

25

16

2017

67

25

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.

161

Total 109 110 110 109 109 108 108 108 108 108

COBB COUNTY SCHOOL DISTRICT NUMBER OF HIGH SCHOOL GRADUATES AND AVERAGE DAILY ENROLLMENT AND ATTENDANCE LAST TEN FISCAL YEARS

113,000 112,000 111,000 110,000 109,000 108,000 107,000 106,000 105,000 104,000 103,000 102,000 101,000 100,000

Cobb County School District Average Daily Enrollment

Fiscal Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Average Daily
Enrollment 106,734 106,256 106,835 106,868 106,944 108,240 109,752 111,264 112,308 112,821

Average Daily
Attendance 102,497 102,144 102,444 102,732 103,008 103,857 105,548 106,895 107,872 108,150

Attendance Percentage
96% 96% 96% 96% 96% 96% 96% 96% 96% 96%

Number of Graduates
6,765 7,126 7,177 7,350 7,192 7,425 7,313 7,366 7,714 7,970

Graduate Percentage
N/A N/A N/A N/A 76.00% 76.50% 78.20% 81.45% 83.80% 83.60%

Note: Beginning in 2016 Graduate Percentages were adjusted to match the Georgia Department of Education four-year Adjusted Cohort Graduation Rate (ACGR). This rate calculation began for the school year ended 2012 and is released in October with a one-year lag. (i.e. the school year ended 2016 will be available October 2017)
Source: District Records

162

COBB COUNTY SCHOOL DISTRICT ACTIVE ENROLLMENT BY GRADE LEVEL LAST TEN FISCAL YEARS

120,000

Active Enrollment By Grade Level

100,000

80,000

60,000

40,000

20,000

0 2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

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

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

Total

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 7,365 106,056

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 7,245 105,742

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 7,353 106,488

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 7,827 106,836

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 7,235 106,502

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 7,464 107,914

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 7,434 109,529

2015

9,363

8,461 8,829 8,592 8,541 8,680 8,290 8,474 8,599 10,090 8,817 6,918 7,406 111,060

2016

9,164

8,453 8,643 8,978 8,610 8,610 8,562 8,385 8,574 10,077 8,890 7,280 7,622 111,848

2017

9,224

Source: District Records

8,230

8,606

8,729

8,914

8,742

8,461

8,640

8,564

9,902

8,943

7,594

7,863 112,412

163

COBB COUNTY SCHOOL DISTRICT CLASSROOM BUILDINGS, GRADE LEVELS AND ACREAGE JUNE 30, 2017

School Name Acworth Intermediate Addison Argyle Austell Baker Bells Ferry Belmont Hills Big Shanty Birney Blackwell Brown (b) Brumby Bryant Bullard Chalker Cheatham Hill Clarkdale Clay Compton Davis Dowell Due West East Side Eastvalley Fair Oaks Ford Frey Garrison Mill Green Acres Harmony Leland Hayes Hendricks Hollydale Keheley Kemp Kennesaw Kincaid King Springs LaBelle Lewis Mableton McCall Primary Milford Mount Bethel Mountain View Murdock Nicholson Nickajack Norton Park Pickett's Mill Pitner Powder Springs Powers Ferry Riverside Primary Riverside Intermediate Rocky Mount Russell Sanders Sedalia Park Shallowford Falls Smyrna Sope Creek

Grades 2-5 K-5 K-5 K-5 K-5 K-5 K-5 3-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-2 K-5 K-5 K-5 K-5 K-5 K-1 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5 K-1 2-5 K-5 K-5 K-5 K-5 K-5 K-5 K-5

Active Enrollment
717 610 452 518 789 697 356 617 893 744
942 1,015 805 656 1,131 798 395 559 572 973 635 1,298 720 961 805 817 674 706 672 850 584 649 508 953 601 699 944 480 597 1,064 375 461 1,132 755 1,019 538 1,068 917 761 966 838 437 613 1,221 584 688 747 868 663 991 1,166

Size of Occupied

Site (acres) Year (a)

15.0

2001

12.5

1989

8.8

1961

12.4

2005

15.0

1988

10.0

1962

10.2

1952

22.3

1969

26.8

1973

16.0

1997

6.2

1955

9.5

1966

22.9

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

9.6

1960

10.3

1957

39.0

1991

26.2

1996

14.1

1984

10.1

1995

8.4

1951

24.2

1994

23.0

2002

15.0

1968

20.7

1987

26.2

2003

20.7

1992

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

1989

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 54 29 50 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 63 61 57 30 36 61 39 61 53 58 61 61 73

Portable Classrooms
2 2 15 2 3 1 2 10 5 11 1 2 1 3 1 3 7 4 1 2 -

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 88,079 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 72,896 104,362 116,302 99,735 112,620 143,107 133,344

Capacity 913 662 537 562 987 712 562 837 912 837 412 912 962 987 963
1,063 863 437 788 788 963 587
1,087 562 863 862 963 688 688 512 962 962 862 588 962 962 762 587 688 962 962 562 612 937 887 962 637 937 837 987 962 888 462 562 962 612 962 862 912 962 962
1,162

164

COBB COUNTY SCHOOL DISTRICT CLASSROOM BUILDINGS, GRADE LEVELS AND ACREAGE JUNE 30, 2017

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 Digital Academy Performance Learning Ctr (c) Hawthorne (Haven) Fitzhugh Lee (Haven) Skyview (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-12 K-6 K-8 1-12

Active Enrollment
783 874 606 912 719 722 861 903 1,426 1,001 989 1,271 1,268 1,061 1,198 933 885 1,282 1,125 501 1,005 1,103 1,413 881 676 1,234 942 597 960 991 859 1,670 2,600 2,024 2,371 1,484 2,099 2,179 2,227 2,810 1,977 2,375 1,990 1,899 1,610 2,615 2,076
55 147
102 778 993 86 112,412

Size of Occupied

Site (acres) Year (a)

10.9

1978

12.9

1961

11.5

1990

23.7

1979

20.0

1991

28.0

1996

26.2

1964

25.8

2005

33.2

1951

75.1

2001

20.0

1965

21.9

1980

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

1979

34.8

1980

38.0

2006

43.1

2001

39.7

1979

22.0

1988

21.8

1993

16.9

1975

114.7

2008

47.9

1964

73.0

1991

95.0

2006

63.1

2002

75.0

2001

49.3

1980

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 52 39 60 62 60 64 71 87 71 72 73 74 71 83 68 60 70 62 45 71 70 71 71 58 71 71 57 59 70 70 100 136 133 102 102 102 108 127 143 106 94 96 134 106 119 112 43

6.2

1958

18

7.0

1935

17

10.1

1957

30

2,948.5

7,169

Portable Classrooms
3 3 2 15 -
1
102

Square Footage
117,539 108,100
73,450 109,769 109,827 122,260 156,660 178,465 220,228 170,905 177,356 166,048 183,798 173,487 186,961 166,551 152,212 186,947 149,038 111,260 179,170 165,107 175,345 165,479 149,577 191,209 175,974 169,809 143,888 169,345 157,435 330,289 374,180 337,584 319,000 321,068 319,000 310,950 504,107 406,817 328,000 319,768 260,606 260,606 297,400 307,655 434,631
93,858
32,500 35,684 50,270

Capacity 963 837 612 937 963 937
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 1,162 1,162
912 962 1,137 1,137 1,912 2,638 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 2,187 462
312 312 462

16,729,685

120,303

(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 2015, 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 reported by Cobb County School District; buildings do not belong to the district.
Source: District Records

165

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