Comprehensive annual financial report, 2018 June 30

Cobb County School District
Comprehensive Annual Financial Report
Fiscal Year Ended June 30, 2018
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, 2018
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
1-4 5-16
17 18
19 20

Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities
Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual (Non-GAAP Budgetary Basis) General Fund
Statement of Fund Net Position Proprietary Funds
Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds
Statement of Cash Flows - Proprietary Funds
Statement of Fiduciary Assets and Liabilities Fiduciary Funds
Notes to the Basic Financial Statements
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 21
22
23 24 25 26 27 28-65 66-73
74-76 77-81 82-86
87-104 105

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, 2017 and Nine Years Ago

PAGE 106
107 108 109
110
111
112-113 114-115
116 117-118 119-120 121-122 123-124
125
126 127 128

Legal Debt Margin Information Last Ten Fiscal Years
Legal Debt Margin Information Fiscal Year 2018 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 129
130 131
132 133
134 135 136
137 138
139 140 141 142
143 144 145-152 153 154

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 155-156
157 158
159 160 161-162

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One Team, One Goal: Student Success

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

December 4, 2018

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, 2018. 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 111,482. 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 appoints

BOARD OF EDUCATION SUPERINTENDENT

Brad Wheeler, Chair David Chastain, Vice Chair David Banks David Morgan Randy Scamihorn Scott Sweeney Susan Thayer
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 2018 fiscal year:
The District average score on the newly redesigned SAT of 1,107 is 43 points higher than the state average and 39 points higher than the national average.
The four-year graduation rate for Cobb high schools was 85.2% in 2018. Cobb exceeds the state graduation rate of 81.6% by 3.6%.
A key state performance measure for student academic achievement is the College and Career Readiness Performance Index (CCRPI). The District has outperformed that state average for seven consecutive years. Cobb schools averaged a score of 79.6 in 2018, exceeding the state average of 76.6 by three percentage points. We are also very proud that 19 of our schools had CCRPI scores above 90.
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 2017 (most recent figures available), Cobb County continued its trend of a growing population, which increased from 679,822 in 2008 to 755,754 in 2017. The unemployment rate remained low at 4.4%. Student enrollment for the 2017 fiscal year was 111,482.
We are pleased by the positive increase in property values in fiscal year 2018 and expect this trend to continue into fiscal year 2019. In fiscal year 2018 the District's gross property digest increased by 6.6% over the 2017 fiscal year's digest as compared to an increase of 6.3% the previous year. This sustained increase in property valuations provides a stable and growing revenue source.
In regards to state funding, the District experienced a $10.4 million reduction in QBE formula earnings in fiscal year 2018 due to austerity cuts. This was just slightly less than last year's austerity reduction. We are very encouraged that no austerity cut was included in the state's budgeted funding for fiscal year 2019. ____________________________________________________________________________________
LONG-TERM FINANCIAL PLANNING ____________________________________________________________________________________
The District anticipates continuing to meet 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 144-151, 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 new SPLOST V 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 third 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 of the United States and Canada (GFOA). Additionally, the District's comprehensive annual financial report received the Association of School Business Officials' (ASBO) Certificate of Excellence in Financial Reporting every year since 1984.
These prestigious awards are made only to government units which publish a comprehensive annual financial report that is easily readable, efficiently organized, and conforming to program standards and satisfies generally accepted accounting principles and applicable legal requirements. The awards are valid for a period of one year only. We believe the accompanying report continues to conform to award eligibility, and will submit it for determination as appropriate.
Budget Presentation Award: The District prepares an official budget document each year which is issued as a separate report. Since 1990, the district has received the Distinguished Budget Presentation Award from GFOA. In order to receive this award, the District must publish a budget document that meets program criteria as a policy document, a financial plan, an operations guide, and as a communications device. The award is valid for a period of one year only. We have received the Meritorious Budget Award from ASBO every year since 2005. The criteria required by ASBO includes an introductory, organizational, financial and information section. We believe the most recent budget continues to conform to program requirements, and we are submitting it to GFOA and ASBO to determine its eligibility for another award.
Acknowledgments: We wish to express our appreciation to Jan Hendrix, Director of Accounting Services, and to the entire staff of the Financial Services Division whose dedicated efforts have enabled this report to be prepared on a timely basis.
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.
Chris Rag ale Superintendent
Bradley Reuben Johnson Chief Financial Officer
IV

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Lt

G~
Government Finance Officers Association
Certificate of Achievement for Excellence in Financial
Reporting
Presented to
Cobb County School District Georgia
For its Comprehensive Annual Financial Report
for the Fiscal Year Ended
June 30, 2017
~ p. ~
Executive Director/CEO ,-

v

8,

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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, 2017.
The CAFR has been reviewed and met or exceeded ASBO International's Certificate of Excellence standards.

Charles E. Peterson, Jr., SFO, RSBA, MBA President
vi

John D. Musso, CAE Executive Director

COBB COUNTY SCHOOL DISTRICT FUNCTION AND COMPOSITION JUNE 30, 2018

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, 2018, 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. Brad Wheeler Mr. David Chastain Mr. Scott Sweeney Mrs. Susan Thayer Mr. David Morgan Mr. David Banks Mr. Randy Scamihorn

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

RANDY SCAMIHORN
POST 1
6 Years Served

SUSAN THAYER DAVID MORGAN

POST 2 4 Years Served

POST 3 10 Years Served

DAVID CHASTAIN
POST 4
4 Years Served

DAVID BANKS
POST 5 10 Years Served

SCOTT SWEENEY BRAD WHEELER CHRIS RAGSDALE

POST 6 8 Years Served

POST 7 6 Years Served

SUPERINTENDENT

viii

COBB COUNTY SCHOOL DISTRICT
SUPERINTENDENT'S EXECUTIVE CABINET JUNE 30, 2018

Chris Ragsdale John Adams Alice Stouder Dr. Kevin Daniel Jennifer Lawson John Floresta Bradley Johnson

CCSD Superintendent Deputy Superintendent of Human Resources & Operations Deputy Superintendent of Leadership & Accountability Chief of Staff Interim Chief Academic Officer Chief Strategy & Accountability Officer Chief Financial Officer

ix

COBB COUNTY SCHOOL DISTRICT ORGANIZATIONAL CHART JUNE 30, 2018
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

Interi m Chief Academic
Officer
Jennifer Lawson

Chief Strategy & Accountability Officer
John Floresta

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, 2018, 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, 2018, and the respective changes in financial position, and, where applicable, cash flows thereof and the budgetary comparison for the General Fund, for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Emphasis of Matter
As discussed in notes 15 and 16, the Cobb County Board of Education implemented Governmental Accounting Standards Board (GASB) Statement No. 75, Accounting and Financial Reporting for Post Employment Benefits Other Than Pensions, as of July 1, 2017. This standard significantly changed the accounting for the Cobb County Board of Education's net other postemployment benefits (OPEB) liability and the related disclosures. Our opinions are not modified with respect to this matter.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis, 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 Public School Employee Retirement System of Georgia, Schedule of Proportionate Share of the Net OPEB Liability School OPEB Fund, and the Schedule of Contributions School OPEB Fund on pages 5 through 16 and pages 66 through 73 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
2

Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Cobb County Board of Education's basic financial statements. The combining and individual 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. 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.
3

Other Reporting Required by Governmental Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 4, 2018 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 4, 2018
4

MANAGEMENT'S DISCUSSION
AND ANALYSIS

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2018
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, 2018. 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 fiscal year 2018 are as follows:
Total net position decreased from $829.1 million in fiscal year 2017 to $(19.3) million in fiscal year 2018, a decrease of $848.4 million, primarily due to the additional liability of $879.4 million in other post-employment benefits (OPEB). This is the first year the District is required to report this long-term liability under GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. Employers are now required to report the long-term liability associated with providing medical and other insurance coverage to retirees.
Total revenue increased from $1,300.6 million in fiscal year 2017 to $1,355.0 million in fiscal year 2018, an increase of $54.4 million. The revenue increase was mainly from an increase in property taxes due to higher property valuations and an increase in state funding.
Total expenses increased from $1,278.5 million in fiscal year 2017 to $1,304.0 million in fiscal year 2018, an increase of $25.5 million. The increased expense was largely due to higher instructional salaries and benefits. All permanent employees received a one-time 1.1% salary bonus. Increased employer contribution costs for the TRS retirement program and health insurance for classified employees resulted in a significant increase in employee benefit expense.
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.
5

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2018
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.
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.
6

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2018 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 fiscal year 2017 and fiscal year 2018. In fiscal year 2018, the District's net position increased 72.6%, or $51.1 million, over the prior year. This resulted primarily from a decrease in the long-term liability for other postemployment benefits, specifically retiree health insurance, after restatement of the prior year to account for post-employment benefits. Total current and other assets reflected a net increase of 19.9%, or $71.4 million, largely due to an increase in cash as a result of higher tax revenue and increased state funding. Capital Assets increased by 2.7%, or $38.8 million, which was chiefly attributable to capital improvements to local school buildings financed by SPLOST sales taxes. Governmental accounting standards require the District to report its proportional liability of state-administered pension plans and now the proportional liability of post-employment benefits, namely retiree health insurance.
7

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2018

Table I Condensed Statement of Net Postion (amounts expressed in millions)
2018 Net Position

(1,625.4)

223.9 430.7
94.9 142.4
137.5

1,463.7 1,924.9

(1,800.0) (1,400.0) (1,000.0) (600.0) (200.0) 200.0 600.0 1,000.0 1,400.0 1,800.0

Deferred Outflows of Resources Unrestricted Restricted Other Liabilities

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

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

2017

2018

$

359.3 $

1,444.6

1,803.9

430.7 1,483.4 1,914.1

Percentage Change
19.9 2.7 6.1

Deferred Outflows of Resources

347.1

223.9

(35.5)

Liabilities: Long-Term Liabilities Other Liabilities
Total Liabilities

$ 2,100.8 $ 1,924.9

(8.4)

103.1

137.5

33.4

2,203.9

2,062.4

(6.4)

Deferred Inflows of Resources

17.5

94.9

442.3

Net Position:

Net Investment in Capital Assets $ 1,444.6 $ 1,463.7

(0.1)

Restricted

115.8

142.4

40.5

Unrestricted

(1,630.8)

(1,625.4)

0.3

Total Net Position

$

(70.4) $

(19.3)

72.6

8

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2018
Changes in Net Position from Operating Results
The Changes in Net Position from Operating Results Table (Table II), presented on the following page, summarizes and compares the Statement of Activities for fiscal year 2017 and fiscal year 2018.
Revenues
In fiscal year 2018, the District's total revenues increased 4.2%, or $54.4 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 2.9%, or $17.8 million, largely due to an increase in state instructional program revenue.
Capital grants and contributions decreased by 72.2%, or $7.0 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 9.6% increase in the real property tax digest.
Charges for services increased by 17.0% or $10.6 million.
Other revenue decreased by 71.6%, or $4.8 million. However, the previous fiscal year was unusually large because of several non-recurring transactions, such as a $1.7 million capital gain and a $1.0 million donation.
Expenses
In fiscal year 2018, the District's total expenses increased 2.0%, or $25.4 million, due for the most part to an increase in instructional and school administrative salaries and employerpaid benefits, as well as increased operational costs in school support operations.
Instruction increased by 1.0%, or $8.1 million, largely due to a 1.1% one-time salary bonus and a 17.8% increase in required employer contributions to the TRS teacher retirement plan.
School and administrative services increased 2.0%, or $4.0 million, mainly due to the bonus, the increase in employer retirement contributions, and additionally a 12.5% increase in employer health insurance contributions for classified employees.
Student transportation increased by 9.6%, or $5.4 million, due to increased salary and benefit costs, along with increased fuel costs.
Maintenance and operations increased by 10.3% or $6.9 million, mostly due to increased salary and benefit costs. 9

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2018
Table II Changes in Net Position from Operating Results (amounts expressed in millions)
Program Revenues and Expenses - 2018
$1,000
$500
$0

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

2017 2018
2017

2018

Change 2017-2018

$

62.2 $

72.8

614.3

632.1

9.7

2.7

605.9 1.8 6.7
1,300.6

641.8 3.7 1.9
1,355.0

$ 834.7 $ 842.8

86.5

87.6

203.1

207.2

56.3

61.7

66.8

73.7

31.1

30.7

-

0.2

1,278.5

1,303.9

$ (877.4) $ 807.0

$

(70.4) $

51.1 (70.4) (19.3)

17.0% 2.9%
-72.2%
5.9% 105.6% -71.6%
4.2%
1.0% 1.3% 2.0% 9.6% 10.3% -1.3% 100.0% 2.0%
-105.8% -108.7%
72.6%

10

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2018

Table III Net Cost of Governmental Activities (amounts expressed in thousands)

$1,000, 000 $800,00 0

842,846

Total and Net Costs - 2018 Net Cost Total Cost

$600,00 0
$400,00 0 275,960
$200,00 0
$0
($200,000)

207,198

37,822

49,754 133,285

12,459

47,700

61,737

73,717

56,507

71,316

30,691

167 167

(973)

Total Cost of Services

2017

2018

Change 2017-2018

Net Cost of Services

2017

2018

Change 2017-2018

I ns tructi on

$

Pupil Services

Instructional Services

School/Administrative Services

Student Transportation

Maintenance and Operations

Student Activities

Interest and Fiscal Charges

Total

$

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

$ 842,846 37,822 49,754
207,198 61,737 73,717 30,691 167
1,303,932

1.0% 3.1% -0.2% 2.0% 9.6% 10.4% -1.2% 100.0% 2.0%

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

$ 275,960 12,459 47,700
133,285 56,507 71,316 (973) 167
$ 596,421

-2.1% 18.5%
0.1% -1.4% 10.6% 8.3% -1092.9% 100.0% 0.7%

Governmental Activities
The Net Cost of Governmental Activities Table (Table III) presents the total and net cost of eight major District activities for fiscal year ended June 30, 2018: Instruction, Pupil Services, Instructional Services, School and Administrative Services, Student Transportation, Maintenance and Operations, Student Activities, and Interest and Fiscal Charges.
11

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2018
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 fiscal year 2018 was $1,303.9 million. Users of the District's programs financed $72.8 million of the costs. Federal and State grants, subsidized programs and contributions funded $634.7 million of the costs. Lastly, District taxpayers financed the remaining costs of fiscal year 2018, which totaled $596.4 million.
The School District's Funds
The District ended fiscal year 2018 with a healthy fund balance in its governmental funds. The combined balance of all governmental funds, at $280.8 million, was 14.2% higher than 2017's ending balance of $245.8 million. The General Fund's fund balance increased by $27.5 million, or 24.3%, due primarily to increased property tax revenue. SPLOST IV increased its fund balance by 13.6% from the prior year, or $11.9 million, as capital outlay expenditures decreased, while revenues remained relatively unchanged. The nonmajor governmental fund balances decreased in the aggregate by $4.5 million, or 10.0%. 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.
The final amended budget for revenues was unchanged from the original budget. The final amended budget for expenditures was only 1.5% greater in total than the original budget. The only significant revised budget line item was for transfers from the General Fund. The final amended budget for transfers was $14.7 million, an $11.7 million increase over the original budget of $3.0 million. Budgeted transfers were increased for anticipated property purchases and improvements specifically approved by the Cobb County Board of Education. Actual transfers from the General Fund totaled $8.1 million, significantly under budget.
Revenue for local property taxes and state student funding were both higher in fiscal year 2018, by $30.2 million and $17.8 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 $18.9 million, due to higher than expected revenues and lower than expected expenditures, the General Fund Balance, in fact, increased by $27.5 million. Actual revenue exceeded budget by $30.0 million, and actual expenditures were below budget by $16.4 million. This netted a favorable budget variance of $46.4 million.
12

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2018
General Fund Balance
The unassigned General Fund balance at June 30, 2018 was $109.2 million. This represents approximately 39 days of general fund expenditures. The Board of Education made a concerted effort to maintain adequate reserves for the District.
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 $4.9 million and an ending fund balance of $4.3 million in 2018.
SPLOST IV began January 1, 2014 and will end on December 31, 2018. The SPLOST IV fund had expenditures of $128.4 million and an ending fund balance of $99.3 million. A full listing of SPLOST III and SPLOST IV projects can be located on pages 112-115.
On March 21, 2018, 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 $165.1 million and aggregate fund balances of $40.6 million in fiscal year 2018. Within the Nonmajor Governmental Funds, the Funds with the highest expenditures in fiscal year 2018 were School Nutrition at $53.2 million, Local School Funds at $30.7 million, Title I (of the Elementary and Secondary Education Act) at $21.7 million, and Special Education at $21.1 million. Nonmajor Governmental Funds ending the year with the highest fund balances were School Nutrition at $18.9 million, Local School Funds at $9.4 million, and After School Program at $4.3 million. The fund balance of Nonmajor Governmental Funds, in aggregate, decreased from $45.1 million in fiscal year 2017 to $40.6 million in fiscal year 2018, a decrease of $4.5 million. Descriptions of these funds can be located on pages 74-76.
13

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2018 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 fiscal year 2017 and fiscal year 2018. Capital assets increased 2.7% from $1,444.6 million in fiscal year 2017 to $1,483.4 million in fiscal year 2018, an increase of $38.8 million. Construction in Progress increased by $38.8 million, or 31.4%. Land increased by $1.0 million, or 0.8%, as land was acquired for future school expansion. Furthermore, Library and Textbooks increased by $1.7 million, or 9.7%. And Equipment decreased by $11.3 million, or 13.8%. 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, 2018, the District had $10.4 million in outstanding long-term obligations for compensated absences, a net pension liability of $1,028.2 million, and other postemployment benefits of $879.4 million. More detailed information about long-term obligations can be found in Notes 10, 11, 14 and 15 of the Notes to the Basic Financial Statements.
14

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2018

Table IV Capital Assets, Net of Depreciation (amounts expressed in thousands)

Equi pment 5%

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

La nd 9%

Cons truction in Progres s 11%

I n tangibles 0%

Bui ldings a nd I mp ro vements
74%

Land

Construction in Progress

Buildings and Improvements Equipment

Intangibles Library Books and Textbooks

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

Change

2017

2018 2017-2018

$ 133,818 123,542 3,967
1,083,451 81,722 18,079
$ 1,444,579

$ 134,853 162,340 4,273
1,091,692 70,423 19,837
$ 1,483,418

0.8% 31.4% 7.7% 0.8% -13.8% 9.7%
2.7%

15

COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2018 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 that 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.
16

(This page was left blank intentionally)

COBB COUNTY SCHOOL DISTRICT STATEMENT OF NET POSITION JUNE 30, 2018
(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 Related to Other Post-Employment Benefits
Total Deferred Outflows of Resources
LIABILITIES: Accounts Payable and Other Current Liabilities Intergovermental Payables Accrued Salaries and Benefits Notes Payable Accrued Interest Payable Unearned Revenue Noncurrent Liabilities:
Due Within One Year Due In More Than One Year Other Post-Employment Benefits (OPEB) Net Pension Liability
Total Liabilities
DEFERRED INFLOWS OF RESOURCES:
Related to Defined Benefit Pension Plans Related to Other Post-Employment Benefits
Total Deferred Inflows of Resources
NET POSITION: Net 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

$

308,930

20,046 97,740
602 336 3,016

134,853 162,340
7,449 1,954,597
207,082 73,783 (1,056,686) 1,914,088

191,568 32,336 223,904
20,283 275
75,632 40,000
406 876
8,141 9,157 879,418 1,028,202 2,062,390

24,143 70,736 94,879

1,463,720

123,455

18,910

(1,625,362)

$

(19,277)

17

COBB COUNTY SCHOOL DISTRICT STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2018

(amounts expressed in thousands)

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

Expenses
$ 842,846 37,822 49,754 207,198 61,737 73,717 30,691 167
$ 1,303,932

Program Revenues

Operating Charges Grants and for Services Contributions

Capital Grants and Contributions

$ 1,239 $ 564,386 $

9 37,472

25,326 1,998
35,128

-

5,230

2,401

-

31,664

-

-

-

$ 72,785 $ 632,068 $

1,261 28 56
1,313 -
2,658

Net (Expense) Revenue
and Changes in Net Position
$ (275,960) (12,459) (47,700) (133,285) (56,507) (71,316) 973 (167)
$ (596,421)

General Revenues: Taxes: Property Taxes Levied for General Purposes Sales Tax Interest Income
Other

$ 504,117 137,708 3,741 1,964

Total General Revenues

647,530

Change in Net Position

51,109

Net Position - Beginning of Year, As Originally Presented

829,062

Restatements - Changes in Accounting Principles

(899,448)

Net Position - Beginning of Year, Restated

(70,386)

Net Position - End of Year

$ (19,277)

See accompanying notes to the basic financial statements. 18

COBB COUNTY SCHOOL DISTRICT BALANCE SHEET GOVERNMENTAL FUNDS JUNE 30, 2018

(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 Local Option Sales Tax IV

System Wide/ CountyWide

Nonmajor

Total

Governmental Governmental

Funds

Funds

$ 116,129 $ 120,667 $

20,706 $ 40,965 $ 298,467

8,057

11,989

83,611

1,365

358

-

8,761

-

168

-

812

-

$ 217,896 $ 134,021 $

-

-

20,046

-

12,764

97,740

-

244

602

-

795

9,556

-

24

192

-

2,204

3,016

20,706 $ 56,996 $ 429,619

LIABILITIES,DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES:

Liabilities:

Accounts Payable

$ 3,989 $

Intergovernmental Payables

65

Accrued Payroll and Payroll Withholdings

48,484

Notes Payable

-

Accrued Employee Benefits

21,563

Accrued Interest Payable

-

Due to Other Funds

795

Unearned Revenue

-

Total Liabilities

74,896

14,832 $ -
19,459 -
406 -
34,697

-$

933 $ 19,754

-

210

275

-

3,798

52,282

20,541

-

40,000

-

1,779

23,342

-

-

406

-

8,761

9,556

-

876

876

20,541

16,357

146,491

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

2,279

-

2,279

-

980

-

-

99,324

-

-

30,535

-

109,206

-

140,721

99,324

$ 217,896 $ 134,021 $

-

-

2,279

-

-

2,279

-

2,228

3,208

165

21,003

120,492

-

17,042

17,042

-

390

30,925

-

(24)

109,182

165

40,639

280,849

20,706 $ 56,996 $ 429,619

See accompanying notes to the basic financial statements.

19

COBB COUNTY SCHOOL DISTRICT RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2018
(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 due and payable with current 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
The deferred outflows of resources, deferred inflows of resources, and the net OPEB liability related to the District's pension plan are not due and payable with current financial resources and therefore are not reported in the funds.
Net Other Post-Employment Benefits Liability (OPEB) Deferred Outflows of Resources - OPEB Deferred Inflows of Resources - OPEB
Other long-term assets are not available to pay for current period's expenditures and therefore are unavailable in the funds.
Property Taxes
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

$

280,849

$

2,540,104

(1,056,686)

1,483,418

(1,028,202) 191,568 (24,143)

(860,777)

(879,418)
32,336 (70,736)

(917,818) 2,279 3,217

(10,445)

$

(19,277)

See accompanying notes to the basic financial statements.
20

COBB COUNTY SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2018

(amounts expressed in thousands)

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

General
$ 502,801 543,085 9 3,352 1,932 1,860
1,053,039

Special Purpose Local Option Sales Tax IV

$

137,708

1,401

-

1,174

-

-

-

140,283

System Wide/ CountyWide

$

-

-

-

165

-

-

-

165

Nonmajor Governmental
Funds

$

-

88,968

59,170

306

-

3,528

1,015

152,987

Total Governmental
Funds

$

640,509

633,454

59,179

4,997

1,932

3,528

2,875

1,346,474

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

725,698 27,891 29,124
113,283 50,455 68,235 3,119
1,017,805

5,804 122,422
167 128,393

-

28,725

-

5,818

-

17,273

-

69,399

-

2,008

-

1,532

-

30,691

-

9,639

-

-

-

165,085

754,423 33,709 46,397
188,486 52,463 69,767 30,691
135,180
167 1,311,283

Excess (deficiency) of Revenues Over (Under) Expenditures

35,234

11,890

165

(12,098)

35,191

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

123

-

(8,132)

-

258

-

(7,751)

-

-

7,759

-

(123)

-

17

-

7,653

7,882 (8,255)
275 (98)

Net Change in Fund Balances

27,483

11,890

165

(4,445)

35,093

Fund Balances, Beginning of Year

113,238

87,434

-

45,084

245,756

Fund Balances, End of Year

$ 140,721 $

99,324 $

165 $

40,639 $

280,849

See accompanying notes to the basic financial statements.

21

COBB COUNTY SCHOOL DISTRICT RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES TO THE STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2018
(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.
In the governmental funds, current year expenditures related to OPEB are comprised solely of amounts contributed to the plan for the current year. However, in the statement of activities, expenses related to OPEB include amounts that do not require the use of current financial resources. This amount represents the difference in the required accounting treatment of OPEB 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 Intergovermental

$ 35,093

$ 134,515 (91,214)

43,301

(6,897)

(18,370)

1,316

(911)

405

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

(4,462) 2,438 (399) $ 51,109

See accompanying notes to the basic financial statements.

22

COBB COUNTY SCHOOL DISTRICT GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS) FOR THE YEAR ENDED JUNE 30, 2018
(amounts expressed in thousands)

REVENUES: Local State Federal Other
Total Revenues

Budgeted Amounts

Original

Final

$

490,627 $ 490,961

525,903

525,569

5,753

5,753

1,117

1,117

1,023,400

1,023,400

Actual Amounts
$ 509,679 537,122 5,964 655
1,053,420

Variance With Final Budget

$

18,718

11,553

211

(462)

30,020

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 Transfers
Total Expenditures

740,731 25,516 12,825 17,163 10,623 73,210 5,625 70,920 49,524 17,275 91 86 2,985
1,026,574

741,368 25,792 13,604 17,179 11,659 73,105 6,426 70,428 50,350 17,526 107 86 14,706
1,042,336

726,735 27,891 13,897 15,834 10,769 75,311 7,775 68,797 51,150 19,064 87 409 86 8,132
1,025,937

14,633 (2,099)
(293) 1,345
890 (2,206) (1,349) 1,631
(800) (1,538)
20 (409)
6,574
16,399

Net Change in Fund Balance Fund Balance, Beginning of Year

(3,174) 113,238

(18,936) 113,238

27,483 113,238

46,419 -

Fund Balance, End of Year

$

110,064 $

94,302 $

140,721 $

46,419

See accompanying notes to the basic financial statements.
23

COBB COUNTY SCHOOL DISTRICT STATEMENT OF FUND NET POSITION PROPRIETARY FUNDS JUNE 30, 2018
(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

$

10,463

144

10,607

529 2,248
2 6 2,785
4,605
7,390

$

3,217

See accompanying notes to the basic financial statements.

24

COBB COUNTY SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITON PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2018
(amounts expressed in thousands)

OPERATING REVENUES: Charges for Services
Total Operating Revenues

Governmental Activities
Internal Service Funds

$

8,146

8,146

OPERATING EXPENSES: School and Administrative Services
Total Operating Expenses

6,081 6,081

Operating Income

2,065

Transfers-In

373

Change in Net Position

2,438

Total Net Position, Beginning of Year

779

Total Net Position, End of Year

$

3,217

See accompanying notes to the basic financial statements.

25

COBB COUNTY SCHOOL DISTRICT STATEMENT OF CASH FLOWS PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2018
(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 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 to Net Cash Provided by Operating Activities:
Operating Income Adjustments to Reconcile Operating
Income to Net Cash Provided by Operating Activities:
Increase in Prepaids Decrease in Claims Payable Increase in Accounts Payable Decrease in Accrued Payroll and Payroll Withholdings
Total Adjustments Net Cash Provided by Operating Activities
See accompanying notes to the basic financial statements.

Governmental Activities

Internal Service Funds

$

8,146

(144)

(6,137)

(590)

1,275

373 373 1,648 8,815 10,463

$

2,065

(130) (917) 259
(2) (790)

$

1,275

26

COBB COUNTY SCHOOL DISTRICT STATEMENT OF FIDUCIARY ASSETS AND LIABILITIES FIDUCIARY FUNDS JUNE 30, 2018
(amounts expressed in thousands)
Assets: Cash and Cash Equivalents
Total Assets
Liabilities: Due to Student Groups Payroll Withholdings Payable
Total Liabilities

Agency Funds
$ 40,686 $ 40,686

$

1,642

39,044

$ 40,686

See accompanying notes to the basic financial statements.

27

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
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 No. 14 and No. 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 non-exchange transactions.
The Statement of Activities presents a comparison between direct expenses and program revenues for each function of the District's governmental activities.
Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. Indirect expenses (expenses of the District related to the administration and support of the District's programs, such as office and maintenance personnel and accounting) are not allocated to programs, except for federal indirect costs allocated to federal grant programs.
28

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Program revenues include charges paid by the recipients of goods or services offered by the programs as well as 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) accounts for salestax proceeds required to be used for capital outlay for educational purposes as authorized by local referendum.
System Wide/Countywide Building Fund accounts for the proceeds of short-term construction notes used for temporarily financing capital outlay in the SPLOST IV fund.
Additionally, the District reports the following fund types:
Special revenue funds account for restricted or committed specific revenues and their related expenditures. Special revenues for the District include various federal and state grants, donations to the District, rental of District facilities, charges for after-school programs, adult high school, and performing arts.
Capital project funds account for restricted and assigned revenues and related capital expenditures. The expenditures are used for capital outlays for educational purposes as authorized by local referendum and management's decision.
Internal service funds (proprietary funds) account for insurance and unemployment compensation provided to other funds of the District on a cost reimbursement basis.
29

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Fiduciary funds (agency funds) account for assets and liabilities held by the District as an agent for various governments or individuals on the accrual basis of accounting. Specifically, the District temporarily holds assets for numerous school student activity organizations and payroll withholdings.
C. Basis of Accounting/Measurement Focus
The basis of accounting determines when transactions are reported on the financial statements. The District-wide governmental activities and proprietary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place.
Nonexchange transactions, in which the District gives (or receives) value without directly receiving (or giving) equal value in exchange, include property taxes, sales taxes, grants and donations. On an accrual basis, revenue from property taxes is recognized in the fiscal year for which the taxes are levied. Revenue from sales taxes is recognized in the fiscal year in which the underlying transaction (sale) takes place. Revenue from grants and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied. Agency funds report only assets and liabilities and, accordingly, do not have a measurement focus.
The District uses funds to report on its financial position and the results of its operations. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain governmental functions or activities. A fund is a separate accounting entity with a self-balancing set of accounts.
Governmental funds are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when measurable and available. The District considers all non-grant revenues reported in the governmental funds to be available if they are collected within 60 days after year-end. The District considers all intergovernmental revenues to be available if they are collected within 120 days after year-end. Property taxes, sales taxes, intergovernmental and interest are considered to be subject to accrual. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, claims and judgments, and compensated absences, which are recognized as expenditures to the extent they have matured. Capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of general long-term liabilities and acquisitions under capital leases are reported as other financing sources.
30

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The State of Georgia reimburses the District for teachers' salaries and operating costs through the Quality Basic Education (QBE) Formula Earnings program. State of Georgia law defines the formula driven grant that determines the cost of an academic school year and the State of Georgia's share in this cost. Generally, teachers are contracted for the school year (July 1 June 30) and paid over a twelve-month contract period, generally September 1 through August 31. In accordance with the requirements of the enabling legislation of the QBE program, the State of Georgia reimburses the District over the same twelve-month period in which teachers are paid, funding the academic school year expenditures. At June 30, the amount of teachers' salaries incurred but not paid until July and August of the subsequent year are accrued as the State of Georgia has only postponed the final payment of their share of the cost until the subsequent appropriations for cash management purposes. By June 30 of each year, the State of Georgia has a signed appropriation that includes this final amount, which represents the State of Georgia's intent to fund this final payment. Based on guidance in Government Accounting Standards Board (GASB) Statement No. 33, paragraph 74, the State of Georgia recognizes its QBE liability for the July and August salaries at June 30, and the District recognizes the same QBE as a receivable and revenue, consistent with symmetrical recognition.
Under the terms of grant agreements, the District funds certain programs by a combination of specific cost-reimbursement grants, categorical grants, and general revenues. Thus, when program costs are incurred, there are both restricted and unrestricted net position available to finance the program. It is the District's policy to first apply grant resources to such programs, followed by cost-reimbursement grants, then general revenues.
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses result from providing services. Operating revenues in the internal service funds are charges to customers for services. Operating expenses for internal service funds consist of the cost of services and administrative expenses. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses.
D. Cash and Cash Equivalents
The District's cash and cash equivalents are considered to be cash on-hand, demand deposits and short-term investments with original maturities of three months or less from the date of acquisition in authorized financial institutions. Georgia Law OCGA 45-8-14 authorizes the District to deposit its funds in one or more solvent banks or insured Federal savings and loans associations.
31

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
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, 2018, 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.
32

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018

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, 2018 were as follows:

(amounts expressed in thousands)

Federal Receivables State / Local Receivables Intergovernmental Receivables

General Fund

$

-

83,611

$ 83,611

Special

Purpose Local

Option Sales

Tax IV

$

-

1,365

$ 1,365

Nonmajor Governmental

$

11,709

1,055

$

12,764

Total
$ 11,709 86,031
$ 97,740

Taxes Receivables Allowances Net Taxes Receivables

General Fund
$ 8,982 (925)
$ 8,057

Special Purpose Local Option Sales
Tax IV $ 11,989
$ 11,989

Nonmajor

Governmental

$

-

-

$

-

Total
$ 20,971 (925)
$ 20,046

G. Property Taxes

The Cobb County Board of Commissioners fixed the property tax levy for the 2017 tax digest year (calendar year) in July 2017 (levy date) based on property values as of January 1, 2017. Taxes were due on October 16, 2017 (lien date). Taxes collected within the current fiscal year or within 60 days after year-end on the 2017 tax digest are reported as revenue in the governmental funds for fiscal year 2018. 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, 2018 totaled $502,801,000.

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 2017 tax year (calendar year) for the Cobb County School District were as follows (a mill equals $1 per thousand dollars of assessed value):

School Operations

18.90 mills

33

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
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 $132,299,025 has been collected or on December 31, 2018, whichever occurs first.
I. Tax Abatements
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.
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.
34

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018

Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

For the fiscal year ended June 30, 2018, the tax abatement programs noted above abated property taxes due to the School District that were levied on January 1, 2017 and due on October 15, 2017 totaling $1,859,837. Included in the amount abated, the following are individual tax abatement agreements that each exceeded 10 percent of the total amount abated:

Tax Abatement Project Genuine Parts Home Depot USA - Real Home Depot USA HighWoods Realty LP

% Abated 100 99 100 100

Amount of Taxes

Abated (in thousands)

$

291,170

399,256

413,201

435,025

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, 2018, are recorded as prepaid, according to the consumption method.

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.

35

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018

Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Capitalization thresholds and estimated useful lives of capital assets reported in the Districtwide statements are as follows:

General

Useful

Policy

Life

Land

All

N/A

Buildings and Improvements

$25,000

20 to 50 Years

Equipment

$10,000

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 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 and OPEB (described in Note 1.N, Note 1.O, Note 14 and Note 15), Cobb County School District measures unavailable revenue, which arises under a modified accrual basis of accounting and qualifies for reporting in this category. Accordingly, unavailable revenue is reported only in the governmental funds balance sheet. Governmental funds report unavailable revenues from two sources: property taxes and intergovernmental. These amounts are deferred and recognized as inflows of resources in the period that the amounts become available.

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.

36

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
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. Other Postemployment Benefits (OPEB)
For purposes of measuring the net OPEB liability (asset), deferred outflows of resources and deferred inflows of resources related to OPEB and OPEB expense, information about the fiduciary net position of the Georgia School Employees Postemployment Benefit Fund (School OPEB Fund) and additions to/deductions from the School OPEB Fund's fiduciary net position have been determined on the same basis as they are reported by the School OPEB Fund. For this purpose, benefit payments are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.
P. Net Position
The School District's net position in the District-wide Statements are classified as follows:
Net 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 amounts represent resources for which the School District is legally or contractually obligated to spend resources for capital projects and support of Federal Programs in accordance with restrictions imposed by external third parties.
Unrestricted net position Unrestricted net position represents resources derived from property taxes, sales, taxes, grants and contributions not restricted to specific programs, charges for services, and miscellaneous revenues. These resources are used for transactions relating to the educational and general operations of the School District, and may be used at the discretion of its Board to meet current expenses for those purposes.
37

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Q. 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 must 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 that are intended by the Board of Education for specific purposes, but are neither restricted nor 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.
38

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
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 District's fiscal year-end. Likewise, future modification or rescission of committed funds must be accomplished by a formal majority vote of the Board of Education prior to fiscal year-end. Pursuant to the requirements of GASB Statement No. 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
Facility Use / Public Safety
After School Program
Performing Arts / Art Career and Cultural
Tuition School / Adult High School Local Schools

Revenue Source Donations by individuals or organizations to
benefit school programs. 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. Voluntary student contributions to fund Performing Arts Programs and donations to fund artist workshops at local schools.
User tuition charges and GED 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 District's 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, they 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

39

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
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

Special Purpose System

Nonmajor

Local Option

Wide/ Governmental

Sales Tax IV Countywide

Funds

Total

Nonspendable: Inventory Prepaids

$ 812,000 168,000

$ 2,204,000 $ 3,016,000 24,000 $ 192,000

Restricted for: Capital Projects School Nutrition Miscellaneous Grants

$ 99,324,000 $ 165,000

4,268,000 16,706,000
29,000

$ 103,757,000 $ 16,706,000 $ 29,000

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

204,000 1,330,000
307,000 1,585,000 4,257,000 9,359,000

$ 204,000 $ 1,330,000 $ 307,000 $ 1,585,000 $ 4,257,000 $ 9,359,000

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

7,800,000 15,029,000
733,000 727,000 812,000 731,000 643,000 4,060,000

326,000 64,000

$ 7,800,000 $ 15,029,000 $ 733,000 $ 727,000 $ 812,000 $ 731,000 $ 643,000 $ 4,060,000 $ 326,000 $ 64,000

Unassigned:

109,206,000

(24,000) $ 109,182,000

Total Fund Balance

$ 140,721,000 $ 99,324,000 $ 165,000 $ 40,639,000 $ 280,849,000

40

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018

Note 2. LEGAL COMPLIANCE BUDGETS

The Board of Education budgets its operations on an annual basis for the General Fund and for 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 its annual budget using the budgetary basis of accounting, which differs from generally accepted accounting principles in the United States of America (GAAP) as allowed by the State of Georgia. Under the budgetary basis of accounting, 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 that 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 conform to GAAP basis financial statements. Several supplementary appropriations were necessary during the fiscal year ended June 30, 2018.

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):

Reconciliation of GAAP to Budget Basis

General Fund

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

$ 1,053,039,000 381,000
1,053,420,000
1,017,805,000 8,132,000
1,025,937,000

Net Change in Fund Balance, Budgetary Basis

$

27,483,000

Net Change in Fund Balance, GAAP Basis

$

27,483,000

41

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 2. LEGAL COMPLIANCE BUDGETS (Continued)
For the year ended June 30, 2018, expenditures exceeded appropriations in several function areas (the legal level of budgetary control). These over-expenditures were offset by underexpenditures in other function areas within the same fund, or by revenues collected in excess of budgeted collections. The over-expenditures are identified in the following schedule:

General Fund:

Pupil Services

$

Improvement of Instructional Services

School Administration

Business Services

Student Transportation

Central Operations

School Nutrition

Donations:

Other Support Services

After School Program:

Instruction

Tuition School/Adult High School:

Improvement of Instructional Services

Maintenance and Operation of Plant

Miscellaneous Grants:

Student Transportation

Special Education:

Instruction

Student Transportation

Title IV:

Business Support Services

2,099,000 293,000
2,206,000 1,349,000
800,000 1,538,000
409,000
22,000
409,000
13,000 8,000
11,000
4,075,000 1,692,000
1,000

42

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
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. State statutes also allow deposits and investments (other than federal or state government instruments) amounts that exceed standard depository insurance limits to be collateralized by participation in the State of Georgia Secure Deposit Program. As of June 30, 2018, the financial institution holding some of the District's deposits is a participant in the State of Georgia Secure Deposit Program, which is administered by the Office of the State Treasurer, requires participating banks holding deposits of public funds to pledge collateral at varying rates depending on the tier assigned by the State.
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
43

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 3. CASH EQUIVALENTS, DEPOSITS AND INVESTMENTS (Continued)
(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.
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, 2018, the District had deposits with a carrying amount of $179,341,852 and a bank balance of $187,563,689. The bank balance was covered entirely 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, 2018, the District's investments included $170,274,446 in a local government investment pool account called Georgia Fund 1, 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 10 days. In addition, the District had $269,856 in certificates of deposit in various financial institutions. These investments are reported as cash equivalents.
The District's investment in Georgia Fund 1, 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 1. Georgia Fund 1, created by OCGA 36-83-8, is a stable asset value investment pool.
44

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 3. CASH EQUIVALENTS, DEPOSITS AND INVESTMENTS (Continued)
Georgia Fund 1'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 1 is reported at fair value. As of June 30, 2018, the District considers amounts held in Georgia Fund 1 as cash equivalents for financial statement presentation.
Fair Value Measurements
Georgia Fund 1 is an investment pool that 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 1 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 that 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 1 is excluded from the requirement of disclosing concentration of credit risk.
45

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 3. CASH EQUIVALENTS, DEPOSITS AND INVESTMENTS (Continued) 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 that have this type of risk. Note 4. NON-MONETARY TRANSACTIONS The District received food commodities from the United States Department of Agriculture (USDA) for school breakfast and lunch programs. See Note 1 Inventories
Remainder of Page Intentionally Left Blank
46

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 5. CAPITAL ASSETS
The following is a summary of changes in the capital assets during the fiscal year:

Governmental Activities

Balance June 30, 2017

Increases

Decreases

Balance June 30, 2018

Capital Assets, Not Being Depreciated: Land

$

133,818,000 $ 1,727,000 $

(692,000) $ 134,853,000

Construction In Progress

123,542,000

110,852,000

(72,054,000)

162,340,000

Total Capital Assets Not Being Depreciated

257,360,000

112,579,000

(72,746,000)

297,193,000

Capital Assets Being Depreciated: Buildings and Improvements

1,890,450,000

68,203,000

(4,056,000)

1,954,597,000

Intangibles

5,791,000

1,658,000

-

7,449,000

Equip ment Library /T ext books Total Capital Assets Being Depreciated

201,261,000 95,602,000
2,193,104,000

13,355,000 8,581,000 91,797,000

(7,534,000) (30,400,000) (41,990,000)

207,082,000 73,783,000 2,242,911,000

Less Accumulated Depreciation for:

Buildings and Improvements Intangibles Equip ment

806,999,000 1,824,000
119,539,000

58,759,000 1,352,000 24,280,000

(2,853,000) -
(7,160,000)

862,905,000 3,176,000
136,659,000

Library /T ext books

77,523,000

6,823,000

(30,400,000)

53,946,000

Total Accumulated Depreciation

1,005,885,000

91,214,000

(40,413,000)

1,056,686,000

Total Capital Assets Being Depreciated Net

1,187,219,000

Governmental Capital Assets,Net

$ 1,444,579,000

583,000 $ 113,162,000

(1,577,000)

1,186,225,000

$ (74,323,000) $ 1,483,418,000

47

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018

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

$

68,016 3,452 2,811 8,763 8,128 44
91,214

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 $8,761,000 receivable due

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

financing of federal and state grant expenditures whose reimbursements were pending at

year-end, as detailed below. The $795,000 receivable due to Local Schools from the

General Fund largely represented local school excess cash reserves invested with interest,

net of the interfund payable. Interfund receivable and payable balances by fund as of June

30, 2018 are disclosed in the following schedule:

Re ce ivable

Payable

Governmental Funds:

General Fund

$ 8,761,000 $ 795,000

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

795,000 795,000

192,000 228,000 68,000 3,583,000 3,440,000 198,000 539,000 19,000 68,000 426,000
8,761,000

Total

$ 9,556,000 $ 9,556,000

48

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018

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 amount from the General Fund to the Countywide 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 into the General Fund from nonmajor governmental funds represents excess uncommitted revenue above program expenditures that was moved to benefit the various instructional and support services of the District.

Interfund transfers for the year ended June 30, 2018, 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:
Countywide Building Fund Facility Use / Public Safety Fund Tuition School / Adult High School Fund Self-Insurance Fund
General Fund

Amount

$ 6,540,000 949,000 270,000 373,000
$ 8,132,000

123,000

$

123,000

Total for All Funds

$ 8,255,000

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 converted to present value using an interest rate of 3%.

49

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018

Note 8. RISK MANAGEMENT (Continued)

Estimated claims for the next fiscal year total $2,248,000 and the non-current liability for succeeding years is $4,605,000. 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

2017 $

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

2018 $

7,770,000 $ 3,112,000 $ (4,029,000) $ 6,853,000

Note 9. SHORT-TERM NOTES
In March 2018, the District issued $40,000,000 in revenue-anticipation notes to be applied to the current expenses of constructing, equipping and upgrading various school facilities and improvements as voted upon by District stakeholders in the Special Purpose Local Option Sales Tax referendum on March 19, 2013. The short-term construction notes bear an interest rate of 2.0% with a maturity date of December 20, 2018. The District will repay the notes with proceeds from the local option sales tax collected in calendar year 2018. The principal and interest payment on December 20, 2018, will total $40,642,222.
The following represents the activity related to short-term notes during fiscal year ended June 30, 2018.

Beginning

Balance

$

-

$

-

Additions $ 40,000,000 $ 40,000,000

Deletions

$

-

$

-

Ending Balance $ 40,000,000 $ 40,000,000

Note 10. 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.

50

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018

Note 11. LONG-TERM OBLIGATIONS

Fiscal year 2018 long-term obligations are as follows:

Accrued Vacation Pay Net OPEB Liabilit y Net Pension Liabilit y Total

Balance 6/30/2017

Increases

Decreases

Balance 6/30/2018

Current Amounts Due Within One
Year

Long-term Amounts Due After One Year

$ 10,046,000 $ 6,067,000 $

5,668,000 $ 10,445,000 $

5,893,000 $ 4,552,000

$ 932,084,000 $ 50,706,000 $ 103,372,000 $ 879,418,000 $

- $ 879,418,000

$ 1,150,862,000 $ 137,509,000 $ $ 2,092,992,000 $ 194,282,000 $

260,169,000 $ 1,028,202,000 $ 369,209,000 $ 1,918,065,000 $

- $ 1,028,202,000 5,893,000 $ 1,912,172,000

Accrued vacation pay, pension, and OPEB obligations are largely liquidated by the General Fund.

Note 12. 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, 2018 was $1,847,935.

Note 13. 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, 2018, included additions and renovations at one elementary school, one middle school, and six high schools. As of June 30, 2018, the contract price and expenditures to date for the largest projects were as follows:

Project

Contract Price

Expenditures To Date

Additions/Modifications Campbell HS

$ 11,433,508

Additions/Modifications Harrison HS

23,539,237

Additions/Modifications North Cobb HS

25,525,453

Additions/Modifications South Cobb HS

10,051,076

New Replacement School Brumby ES

24,933,059

New Replacement School East Cobb MS

31,162,414

New Replacement School Osborne HS

55,062,326

New Replacement School Walton HS

88,088,183

$ 10,391,594 2,775,262 24,864,117 7,986,310 23,444,793 29,357,931 6,025,634 56,636,598

51

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 13. COMMITMENTS AND CONTINGENCIES (Continued)
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. In addition, the collectability of any related receivable at June 30, 2018, 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; for this reason, 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 14. RETIREMENT PLANS
Teachers Retirement System of Georgia (TRS)
Plan Description
Substantially all teachers, administrators and clerical personnel are members of this costsharing multiple-employer defined benefit public employee retirement system. TRS was created in 1943 by an act of the Georgia General Assembly and is administered by a ten member Board of Trustees. TRS is funded by a combination of employee, employer and State of Georgia contributions. Benefits are established 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.
52

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 14. 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 16.81 percent of the covered payroll. The District's contributions to TRS for the year ended June 30, 2018 was $107,389,386.

Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions
At June 30, 2018, 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

$ 1,028,202,243

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

693,418

Total

$ 1,028,895,661

The net pension liability was measured as of June 30, 2017. The total pension liability used to calculate the net pension liability was based on an actuarial valuation as of June 30, 2016. An expected total pension liability as of June 30, 2017 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, 2017. At June 30 2017, the District's proportion was 5.532339%, which was a decrease of 0.045424% from its proportion measured as of June 30, 2016.

53

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 14. RETIREMENT PLANS (Continued)
For the year ended June 30, 2018, the District recognized pension expense of $114,380,657 and revenue of $10,589 for support provided by the State of Georgia for certain support personnel. At June 30, 2018, 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
Changes of Assumptions
Net difference between projected and actual earnings on pension plan investments
Changes in proportion and differences between District contributions and proportionate share of contributions
District contributions subsequent to the measurement date
Total

De fe rre d Outflows of Re s ource s
$ 38,461,097
22,539,468

De fe rre d Inflows of Re s ource s
$ 3,880,327
-

-

7,075,751

23,178,372

13,186,747

107,389,386 $ 191,568,323

$ 24,142,825

District contributions subsequent to the measurement date of $107,389,386 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, 2019. 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: 2019 2020 2021 2022 2023
Total

$ (4,915,991) 58,947,121 32,265,453 (26,728,553) 468,082
$ 60,036,112

54

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 14. RETIREMENT PLANS (Continued)
Actuarial assumptions: The total pension liability as of June 30, 2017 was determined by an actuarial valuation as of June 30, 2016 using the following actuarial assumptions, applied to all periods included in the measurement:

Inflation Salary increases Investment rate of return

2.75% 3.25-9.00%, average, including inflation 7.50%, net of pension plan investment expense including inflation

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. 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, 2016 valuation were based on the results of an actuarial experience study for the period July 1, 2009 June 30, 2014.

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:

Long-term

Target

expected real

Asset class

allocation

rate of return*

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

30.00% 39.80 3.70 1.50 19.40 5.60 100.00%

(0.50)% 9.00 12.00 13.50 8.00 12.00

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

55

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018

Note 14. 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 $ 1,687,400,517

Current discount rate
(7.5%)
$ 1,028,202,243

1 % Increase (8.5%)
$ 485,171,027

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, 2018, the District reported a payable of $12,133,177 for the outstanding amount of contributions to the TRS pension plan required for the year ended June 30, 2018.
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/financials.
56

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 14. RETIREMENT PLANS (Continued)
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.
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, 2018 was $505,815 with an average number of participants of 1,094.
57

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018

Note 14. RETIREMENT PLANS (Continued)

Pension Liabilities and Pension Expense

At June 30, 2018, 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

$9,299,926

The net pension liability was measured as of June 30, 2017. The total pension liability used to calculate the net pension liability was based on an actuarial valuation as of June 30, 2016. An expected total pension liability as of June 30, 2017 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, 2017.

For the year ended June 30, 2018, the District recognized pension expense of $1,874,297 and revenue of $1,874,297 for support provided by the State of Georgia.

Actuarial assumptions: The total pension liability was determined by an actuarial valuation as of June 30, 2016, 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, 2016 valuation were based on the results of an actuarial experience study for the period July 1, 2009 June 30, 2014.

58

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 14. 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 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.

59

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 15. OTHER POST EMPLOYMENT BENEFITS (OPEB)
Plan Description
The District participates in the State of Georgia School Employees Postemployment Benefit Fund (the School OPEB Fund) which is another postemployment benefit (OPEB) plan administered by the State of Georgia Department of Community Health (DCH). Certified teachers and non-certified employees of the District as defined in 20-2-875 of the Official Code of Georgia Annotated (O.C.G.A.) are provided OPEB through the School OPEB Fund - a cost-sharing multiple-employer defined benefit postemployment healthcare plan, reported as an employee trust fund of the State of Georgia and administered by a Board of Community Health (DCH Board). Title 20 of the O.C.G.A. assigns the authority to establish and amend the benefit terms of the group health plan to the DCH Board. The School OPEB Fund is included in the State of Georgia Comprehensive Annual Financial Report which is publicly available and can be obtained at https://sao.georgia.gov/comprehensive-annual-financialreports.
Benefits
The School OPEB Fund provides healthcare benefits for retirees and their dependents due under the group health plan for public school teachers, including librarians, other certified employees of public schools, regional educational service agencies, and non-certified public school employees. Retiree medical eligibility is attained when an employee retires and is immediately eligible to draw a retirement annuity from Employees' Retirement System (ERS), Georgia Judicial Retirement System (JRS), Legislative Retirement System (LRS), Teachers Retirement System (TRS) or Public School Employees Retirement System (PSERS). If elected, dependent coverage starts on the same day as retiree coverage. Medicare-eligible retirees are offered Standard and Premium Medicare Advantage plan options. Non-Medicare eligible retiree plan options include Health Reimbursement Arrangement (HRA), Health Maintenance Organization (HMO) and a High Deductible Health Plan (HDHP). The School OPEB Fund also pays for administrative expenses of the fund. By law, no other use of the assets of the School OPEB Fund is permitted.
Contributions
As established by the Board of Community Health, the School OPEB Fund is substantially funded on a pay-as-you-go basis; that is, annual cost of providing benefits will be financed in the same year as claims occur. Contributions required and made to the School OPEB Fund from the District were $32,079,432 for the year ended June 30, 2018. Active employees are not required to contribute to the School OPEB Fund.
60

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 15. OTHER POST EMPLOYMENT BENEFITS (OPEB) (Continued)
OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB
Effective July 1, 2017, the District implemented the provisions of GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, which significantly changed the District's accounting for OPEB amounts. The information disclosed in this note is presented in accordance with this new standard.
At June 30, 2018, the District reported a liability of $879,418,172 for its proportionate share of the net OPEB liability. The net OPEB liability was measured as of June 30, 2017. The total OPEB liability used to calculate the net OPEB liability was based on an actuarial valuation as of June 30, 2016. An expected total OPEB liability as of June 30, 2017 was determined using standard roll-forward techniques. The District's proportion of the net OPEB liability was actuarially determined based on employer contributions to the School OPEB Fund during the fiscal year ended June 30, 2017. At June 30 2017, the District's proportion was 6.259222%, which was a decrease of 0.03% (or 0.030020)% from its proportion measured as of June 30, 2016.
For the year ended June 30, 2018, the District recognized OPEB expense of $50,449,682. At June 30, 2018, the District reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Changes of Assumptions
Net difference between projected and actual earnings on OPEB plan investments
Changes in proportion and differences between District contributions and proportionate share of contributions
District contributions subsequent to the measurement date
Total

De fe rre d Outflows of Re s ource s

$

-

De fe rre d Inflows of Re s ource s
$ 66,965,449

257,216

-

-

3,770,841

32,079,432 $ 32,336,648

$ 70,736,290

61

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 15. OTHER POST EMPLOYMENT BENEFITS (OPEB) (Continued)
District contributions subsequent to the measurement date of $32,079,432 are reported as deferred outflows of resources and will be recognized as a reduction of the net OPEB liability in the year ended June 30, 2019. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:

Total

Year ended June 30: 2019 2020 2021 2022 2023 2024

$

(12,658,051)

(12,658,051)

(12,658,051)

(12,658,051)

(12,722,354)

(7,124,516)

$

(70,479,074)

Actuarial assumptions: The total OPEB liability as of June 30, 2017 was determined by an actuarial valuation as of June 30, 2016 using the following actuarial assumptions and other inputs, applied to all periods included in the measurement and rolled forward to the measurement date of June 30, 2017:

Inflation Salary increases
Long-term expected rate of return
Healthcare cost trend rate: Pre-Medicare Eligible Medicare Eligible
Ultimate trend rate Pre-Medicare Eligible Medicare Eligible
Year of Ultimate trend rate

2.75% TRS - 3.25 9.00%, including inflation PSERS N/A 3.88%, compounded annually, net of investment expense, and including inflation
7.75% 5.75%
5.00% 5.00% 2022

Mortality rates were based on the RP-2000 Combined Mortality Table for Males or Females, as appropriate, with adjustments for mortality improvements based on Scale BB as follows:

For TRS Members: The RP-2000 White Collar Mortality Table projected to 2025 with projection scale BB (set forward 1 year for males) was used for death after service retirement and beneficiaries. The RP-2000 Disabled Mortality Table projected to 2025 with projection scale BB (set forward 2 years for males and four years for females) was used for death after disability retirement.

62

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018

Note 15. OTHER POST EMPLOYMENT BENEFITS (OPEB) (Continued)

For PSERS Members: The RP-2000 Blue Collar Mortality Table projected to 2025 with projection scale BB (set forward 3 years for males and 2 years for females) was used for the period after service retirement and for beneficiaries of deceased members. The RP-2000 Disabled Mortality Table projected to 2025 with projection scale BB (set forward 5 years for both males and females) was used for the period after disability retirement.

The actuarial assumptions used in the June 30, 2016 valuation were based on the results of an actuarial experience study for the pension system, which covered the five-year period ending June 30, 2014.

Projection of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the Board and plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce the effects of short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculation.

Additionally, there was a change that affected measurement of the total OPEB liability since the prior measurement date. The methodology used to determine employee and retiree participation in the School OPEB Fund is based on their current or last employer payroll location. Current and former employees of public school districts, libraries, regional educational service agencies, and community colleges are allocated to the School OPEB Fund irrespective of retirement system affiliation.

The long-term expected rate of return on OPEB 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 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:

Long-Term Expected

Asset Class

Target Allocation Real Rate of Return

Local Government Investment Pool

100%

3.88%

63

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 15. OTHER POST EMPLOYMENT BENEFITS (OPEB) (Continued)
Discount rate: The discount rate has changed since the prior measurement date from 3.07% to 3.58%. In order to measure the total OPEB liability for the School OPEB Fund, a single equivalent interest rate of 3.58% was used as the discount rate. This is comprised mainly of the yield or index rate for 20 year tax-exempt general obligation municipal bonds with an average rating of AA or higher (3.56% per the Bond Buyer Index). The projection of cash flows used to determine the discount rate assumed that the current sharing of costs between the employer and the member will continue and that contributions from the employer will be made at the current level as averaged over the last five years, adjusted for annual projected changes in headcount. Projected future benefit payments for all current plan members were projected through 2115. Based on these assumptions, the OPEB plan's fiduciary net position was projected to be available to make OPEB payments for inactive employees through year 2029. Therefore, the long-term expected rate of return on OPEB plan investments was applied to discount projected benefit payments until 2029. The discount rate of 3.58% was the single rate which, when applied to all projected benefit payments, resulted in the same present value of benefit payments when the above discussed calculations are combined. The calculated discount rate of 3.58% was applied to all periods of projected benefit payments to determine the total OPEB liability.

Sensitivity of the District's proportionate share of the net OPEB liability to changes in the discount rate:
The following presents the District's proportionate share of the net OPEB liability calculated using the discount rate of 3.58%, as well as what the District's proportionate share of the net OPEB liability would be if it were calculated using a discount rate that is 1percentage-point lower (2.58%) or 1-percentage-point higher (4.58%) than the current rate:

District's proportionate share of the net pension liability

1% Decrease (2.58%)
$ 1,044,151,550

Current Discount Rate
(3.58%)
$ 879,418,172

1 % Increase (4.58%)
$ 749,410,172

64

COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2018
Note 15. OTHER POST EMPLOYMENT BENEFITS (OPEB) (Continued)
Sensitivity of the District's proportionate share of the net OPEB liability to changes in the healthcare cost trend rate:
The following table presents the District's proportionate share of the net OPEB liability calculated using the healthcare cost trend rates of 5.00% to 7.75%. The table also shows what the District's proportionate share of the net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower (4.00% to 6.75%) and 1-percentage-point higher (6.00% to 8.75%) than the current rates:

District's proportionate share of the net pension liability

1% Decrease (4.00% to 6.75%)
$ 728,937,474

Current Discount Rate (5.00% to 7.75%)

1 % Increase (6.00% to 8.75%)

$ 879,418,172 $ 1,075,343,810

Note 16. CHANGE IN ACCOUNTING PRINCIPLE

In conjunction with the implementation of Governmental Accounting Standards Board (GASB) Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions (other postemployment benefits or OPEB), the District is required to change its accounting treatment of OPEB liabilities and the related OPEB expense. The new standard requires that the District's proportionate share of the net OPEB liability be recorded on the Statement of Net Position. Therefore, in conjunction with the implementation of Statement No. 75, the following restatement was required to the beginning net position of the Governmental Activities to properly recognize the District's net OPEB liability and related deferred outflows of resources for contributions subsequent to the measurement date as of the end of the prior period:

Net Position - beginning, as previously reported
Recognition of the Net OPEB Liability related to the OPEB plan, in accordance with GASB Statement No. 75
Recognition of the beginning of the measurement period deferred outflows of resources for contributions subsequent to the measurement period, in accordance with GASB Statement No. 75

Governmental Activities
$ 829,062,000
(932,084,000)
32,636,000 $ (70,386,000)

65

COBB COUNTY SCHOOL DISTRICT Required Supplementary Information JUNE 30, 2018

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

2018

2017

2016

2015

5.532%

5.578% 5.409% 5.327%

$1,028,202 $1,150,755 $823,417 $673,042

694

1,761

1,497

1,082

$1,028,896 $1,152,516 $824,914 $674,124

District's covered payroll during measurement period

635,179

District's proportionate share of the net pension liability as a percentage

of its covered payroll

161.88%

Plan fiduciary net position as a percentage of the total pension liability

79.33%

612,318 570,929 544,177
187.93% 144.22% 123.68% 76.06% 81.44% 84.03%

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

66

COBB COUNTY SCHOOL DISTRICT Required Supplementary Information JUNE 30, 2018

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

Contractually required contribution

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

$ 107,389 $ 90,646 $ 87,340 75,145 66,741 63,011 58,156 57,920 58,052 56,849

Contributions in relation to the contractually required contribution

107,389

90,646

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

Contribution Deficiency

$

-$

-

-

-

-

-

-

-

-

-

District's covered payroll

$ 638,999 $ 635,179 $ 612,318 570,929 544,177 551,528 564,936 565,694 594,769 612,597

Contributions as a percentage of covered payroll

16.81%

14.27%

14.26%

13.16%

12.26%

11.42%

10.29%

10.24%

9.76%

9.28%

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

67

COBB COUNTY SCHOOL DISTRICT Required Supplementary Information JUNE 30, 2018
Notes to Required Supplementary Information For the Year Ended June 30 Teacher Retirement System of Georgia 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).
68

COBB COUNTY SCHOOL DISTRICT
Required Supplementary Information JUNE 30, 2018
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

2018

2017

2016

2015

0.0%

0.0%

0.0% 0.0%

$

-$

-$

-$ -

9,300

12,322

8,097 7,321

$ 9,300 $ 12,322 $ 8,097 $ 7,321

District's covered-employee payroll during measurement period

$ 34,462 $ 38,188 $ 34,827 $23,583

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

N/A 85.69%

N/A 81.00%

N/A

N/A

87.00% 88.29%

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

69

COBB COUNTY SCHOOL DISTRICT
Required Supplementary Information JUNE 30, 2018
Notes to Required Supplementary Information For the Year Ended June 30 Public Schools Employees Retirement System 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).
70

COBB COUNTY SCHOOL DISTRICT
Required Supplementary Information JUNE 30, 2018
Schedule of Proportionate Share of the Net OPEB Liability - School OPEB Fund For the Year Ended June 30

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

2018 6.259222%
$ 879,418,172 $ 879,418,172
$ 548,725,520
160.27% 1.61%

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

71

COBB COUNTY SCHOOL DISTRICT
Required Supplementary Information JUNE 30, 2018
Schedule of Contributions - School OPEB Fund For the Year Ended June 30

Contractually required contributions Contributions in relation to the contractually required contributions Contribution deficiency (excess)
District's covered-employee payroll
Contributions as a percentage of covered-employee payroll

2018

$

32,079,432

$

32,079,432

$

-

$ 555,635,744

5.87%

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

72

COBB COUNTY SCHOOL DISTRICT Required Supplementary Information JUNE 30, 2018
Notes to Required Supplementary Information For the Year Ended June 30 School OPEB Fund Changes of benefit terms: In the June 30, 2010 actuarial valuation, there was a change of benefit terms to require Medicare-eligible recipients to enroll in a Medicare Advantage plan to receive the State subsidy. Changes in assumptions: In the revised June 30, 2017 actuarial valuation, there was a change relating to employee allocation. Employees were previously allocated based on their Retirement System membership, and currently employees are allocated based on their current employer payroll location. In the June 30, 2015 actuarial valuation, decremental and underlying inflation assumptions were changed to reflect the Retirement Systems' experience studies. In the June 30, 2012 actuarial valuation, a data audit was performed and data collection procedures and assumptions were changed.
73

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COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES Nonmajor Governmental Funds
Special Revenue Funds

These funds are used to account for proceeds of specific revenue sources that are legally restricted or committed to expenditures for specified purposes other than debt service or capital projects. These funds also account for receipts and expenditures of resources transferred from the General Fund where revenues are inadequate to finance specified activities.

Donations Facility Use/Public Safety

This fund is created to provide accounting of donations which are made to the District for specific purposes by individuals or organizations.
This fund is created to provide accounting of the Facility Use program which organizes the rental of school facilities during non-instructional hours to provide the community with a place to hold activities at a nominal fee and to account for funds collected for parking decals sold to students, which are used to pay for campus police officers. In addition to parking decals sold to students, funds are transferred from the General fund.

After School Program

This fund is created to provide accounting of funds for the After School Program which utilizes designated school facilities for the purpose of providing supervision to children from school release time until 6:00 p.m. 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 Miscellaneous Grants

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

74

School Nutrition
Pre-Kindergarten (Lottery) 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 prepare children for Kindergarten. This program is funded by the Georgia lottery and is a voluntary for all eligible four year olds residents.
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.

75

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.

76

COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2018
(amounts expressed in thousands)
ASSETS:
Cash and Cash Equivalents Intergovernmental Receivable Accounts Receivable Due From Other Funds Prepaid Expenditures Inventories
Total Assets
LIABILITIES AND FUND BALANCES:
Liabilities: Accounts Payable Intergovernmental Payables Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities
Fund Balances: Nonspendable Restricted Committed Assigned Unassigned Total Fund Balances Total Liabilities and Fund Balances

Special Revenue

Donations

Facility Use/ Public
Safety

After School Program

Performing Arts/ Art Career and Cultural

$ 224 $ 1,355 $ 4,304 $

307

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$ 224 $ 1,355 $ 4,304 $

307

$

20 $

16 $

45 $

-

-

8

1

-

-

1

1

-

-

-

-

-

-

-

-

-

20

25

47

-

-

-

-

-

-

-

-

-

204

1,330

4,257

307

-

-

-

-

-

-

-

-

204

1,330

4,257

307

$ 224 $ 1,355 $ 4,304 $

307

77

Tuition School/ Adult High School

Misc. Grants

Special Revenue

School Nutrition

PRE K Lott

Adult Education

GNETS

$ 1,861 $ -
$ 1,861 $

- $ 19,341 $

258

-

184

60

-

-

-

-

-

2,204

442 $ 21,605 $

9$

-$

-

-

286

725

-

-

-

-

-

-

-

1

-

-

-

-

9 $ 287 $ 725

$

12 $

-$

83 $

210

242

10

1,025

22

1

711

-

192

-

-

-

876

276

413

2,695

1,585 1,585 $ 1,861 $

-

2,204

29

16,706

-

-

-

-

-

-

29

18,910

442 $ 21,605 $

-$

7$

2

6

41

221

3

11

108

-

228

68

-

-

-

9

287

399

-

1

-

-

-

-

-

-

-

-

-

326

-

(1)

-

-

-

326

9 $ 287 $ 725

Continued---

78

COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2018
(amounts expressed in thousands)
ASSETS:
Cash and Cash Equivalents Intergovernmental Receivable Accounts Receivable Due From Other Funds Prepaid Expenditures Inventories
Total Assets
LIABILITIES AND FUND BALANCES:
Liabilities: Accounts Payable Intergovernmental Payables Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities
Fund Balances: Nonspendable Restricted Committed Assigned Unassigned Total Fund Balances Total Liabilities and Fund Balances

Special Revenue

Title I

Special

Vocational

Education Education

Title II

$

-$

-$

-$

-

5,087

4,930

192

683

-

-

-

-

-

-

-

-

13

-

6

-

-

-

-

-

$ 5,100 $ 4,930 $ 198 $ 683

$

53 $

-$

-$

16

1,081

994

-

104

383

496

-

24

3,583

3,440

198

539

-

-

-

-

5,100

4,930

198

683

13

-

6

-

-

-

-

-

-

-

-

-

-

-

-

-

(13)

-

(6)

-

-

-

-

-

$ 5,100 $ 4,930 $ 198 $ 683

79

Homeless Grant

Special Revenue

USDA Fruits and Vegetables

Title III

Title IV

Local School Funds

$

-$

-$

-$

- $ 8,564

19

-

125

459

-

-

-

-

-

-

-

-

-

-

795

-

-

-

4

-

-

-

-

-

-

$

19 $

- $ 125 $ 463 $ 9,359

$

-$

-$

2$

9$

-

-

-

39

26

-

-

-

16

2

-

19

-

68

426

-

-

-

-

-

-

19

-

125

463

-

-

-

-

4

-

-

-

-

-

-

-

-

-

-

9,359

-

-

-

-

-

-

-

-

(4)

-

-

-

-

-

9,359

$

19 $

- $ 125 $ 463 $ 9,359

Continued---

80

COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2018
(amounts expressed in thousands)
ASSETS:
Cash and Cash Equivalents Intergovernmental Receivable Accounts Receivable Due From Other Funds Prepaid Expenditures Inventories
Total Assets
LIABILITIES AND FUND BALANCES:
Liabilities: Accounts Payable Intergovernmental Payables Accrued Payroll and Payroll Withholdings Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities
Fund Balances: Nonspendable Restricted Committed Assigned Unassigned Total Fund Balances Total Liabilities and Fund Balances

Capital Projects

District- Special Purpose

wide

Local Option

Building

Sales Tax III

Total

$

619 $

-

-

-

-

$

619 $

4,381 $ -
4,381 $

40,965 12,764
244 795 24 2,204 56,996

$

555 $

555

-

-

-

64 -

64

$

619 $

113 $
113

933 210
3,798 1,779 8,761
876 16,357

4,268
4,268 4,381 $

2,228 21,003 17,042
390 (24) 40,639 56,996

Concluded.

81

(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, 2018

(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

$

-$

-$

-$

-

-

1,314

9,742

355

-

-

-

-

-

-

-

-

137

-

-

1

137

1,314

9,742

356

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)

43

-

1,288

350

17

-

-

-

20

-

-

-

67

536

9,080

-

-

-

-

-

-

1,512

-

-

-

-

-

-

22

-

138

-

169

2,048

10,506

350

(32)

(734)

(764)

6

-

949

-

-

-

(123)

-

-

-

-

-

-

-

826

-

-

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

(32)

92

(764)

6

236

1,238

5,021

301

$ 204 $ 1,330 $ 4,257 $

307

82

Tuition School/ Adult High School

Misc. Grants

Special Revenue

School Nutrition

PRE K Lottery

Adult Education

GNETS

$

-$

421 $ 33,939 $

934

-

18,689

-

-

214

-

-

-

-

643

112

934

1,064

52,954

104 $ -
104

1,114 $ -
1,114

5,771 -
74 5,845

565

153

-

-

-

-

142

279

-

254

18

53,222

-

11

-

10

-

-

-

-

-

-

27

27

971

488

53,249

104

-

4,680

-

-

681

-

-

264

-

1,114

207

-

-

16

-

-

7

-

-

-

-

-

1

104

1,114

5,856

(37)

576

(295)

270 -
270
233
1,352
$ 1,585 $

-

-

-

-

-

7

-

7

576 (547)

(288) 19,198

29 $ 18,910 $

-
-
-
-$

-

(11)

-

-

-

-

-

-

-

-

-

(11)

-

337

-$

326

Continued---

83

COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2018

(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

$ 21,741 $ 21,056 $

-

-

-

-

-

-

-

-

21,741

21,056

754 $ 1,998

-

-

-

-

-

-

-

-

754

1,998

8,360 2,686 10,020
481 184
10 21,741

12,029 2,001 4,101
1,213 1,712
21,056

587

-

-

-

35

1,692

11

280

-

-

-

-

-

-

121

26

754

1,998

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

$

-$

-$

-$

-

84

Special Revenue

Homeless Grant

USDA Fruit and Vegetables

Title III

Title IV

Local School Funds

$

79 $

77 $ 1,171 $

743 $

-

-

-

-

-

28,136

-

-

-

-

3

-

-

-

-

3,528

-

-

-

-

-

79

77

1,171

743

31,667

7

-

139

420

-

6

-

287

140

-

38

-

614

68

-

2

77

-

44

-

26

-

-

59

-

-

-

-

3

-

-

-

-

-

30,691

-

-

131

9

-

79

77

1,171

743

30,691

-

-

-

-

976

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

976

-

-

-

-

8,383

$

-$

-$

-$

- $ 9,359

Continued---

85

COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2018

(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

$

-$

-

-

-

7

82

-

-

48

-

55

82

Total
$ 88,968 59,170 306 3,528 1,015
152,987

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

-
798 -
6,192 6,990

-
1,995 -
2,935 4,930

28,725 5,818 17,273
69,399 2,008 1,532 30,691 9,639 165,085

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)

(6,935)
6,540 -
10 6,550

(4,848)
-

(12,098)
7,759 (123)
17 7,653

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

(385) 449

(4,848) 9,116

(4,445) 45,084

$

64 $

4,268

$ 40,639

Concluded.

86

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, 2018
(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

$

137 $

137 $

137 $

-

137

137

137

-

57

57

49

49

81

81

3

3

4

4

2

2

158

158

9

9

1

1

43

14

17

32

20

61

-

3

2

2

-

2

56

102

31

(22)

-

1

364

364

169

195

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

(227)

(227)

(32)

195

236

236

236

-

$

9$

9$

204 $

195

87

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, 2018
(amounts expressed in thousands)

REVENUES: Local Other
Total Revenues

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

1,319 $

1,348 $

1,314 $

(34)

949

961

949

(12)

2,268

2,309

2,263

(46)

EXPENDITURES:

Maintenance and Operation of Plant

1,558

1,594

1,512

82

Community Service Operations

710

715

659

56

Total Expenditures

2,268

2,309

2,171

138

Net Change in Fund Balance

-

-

92

92

Fund Balance, Beginning of Year

1,238

1,238

1,238

-

Fund Balance, End of Year

$

1,238 $

1,238 $

1,330 $

92

88

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, 2018
(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

$

9,703 $

9,703 $

9,742 $

39

9,703

9,703

9,742

39

879 8,824 9,703

879 12,995 13,874

1,288 9,218 10,506

(409) 3,777 3,368

Net Change in Fund Balance

Fund Balance, Beginning of Year

Fund Balance, End of Year

$

5,021 5,021 $

(4,171) 5,021
850 $

(764) 5,021 4,257 $

3,407 -
3,407

89

COBB COUNTY SCHOOL DISTRICT PERFORMING ARTS/ART CAREER AND CULTURAL 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, 2018
(amounts expressed in thousands)

REVENUES: Local
Total Revenues
EXPENDITURES: Instruction
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

411 $

411 $

356 $

(55)

411

411

356

(55)

411

411

350

61

411

411

350

61

Net Change in Fund Balance

-

-

6

6

Fund Balance, Beginning of Year

301

301

301

-

Fund Balance, End of Year

$

301 $

301 $

307 $

6

90

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, 2018
(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

$

822 $

831 $

934 $

103

270

270

270

-

1,092

1,101

1,204

103

627

635

565

70

129

129

142

(13)

7

7

-

7

22

22

3

19

1

2

10

(8)

3

3

3

-

303

303

248

55

1,092

1,101

971

130

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

-

-

233

233

1,352

1,352

1,352

-

$

1,352 $

1,352 $

1,585 $

233

91

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, 2018
(amounts expressed in thousands)

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

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

15 $

39 $

619 $

580

-

702

421

(281)

-

-

-

-

376

298

24

(274)

391

1,039

1,064

25

-

686

180

506

391

334

279

55

-

9

8

1

-

-

11

(11)

-

10

10

-

391

1,039

488

551

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

-

-

576

576

(547)

(547)

(547)

-

$

(547) $

(547) $

29 $

576

92

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, 2018
(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

$

19,412 $

19,412 $

18,903 $

1,322

1,322

1,359

34,982

34,982

32,580

7

7

119

55,723

55,723

52,961

(509) 37
(2,402) 112
(2,762)

58,577 58,577

58,619 58,619

53,249 53,249

5,370 5,370

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

(2,854) 19,198

(2,896) 19,198

(288) 19,198

$

16,344 $

16,302 $

18,910 $

2,608 -
2,608

93

COBB COUNTY SCHOOL DISTRICT PRE K LOTTERY-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, 2018
(amounts expressed in thousands)

REVENUES: Federal
Total Revenues
EXPENDITURES: Instruction
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

104 $

104 $

104 $

-

104

104

104

-

104

104

104

-

104

104

104

-

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

-

-

-

-

-

-

-

-

$

-$

-$

-$

-

94

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, 2018
(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

$

515 $

493 $

468 $

(25)

681

704

646

(58)

1,196

1,197

1,114

(83)

1,196

1,197

1,114

83

1,196

1,197

1,114

83

Net Change in Fund Balance

-

-

-

-

Fund Balance, Beginning of Year

-

-

-

-

Fund Balance, End of Year

$

-$

-$

-$

-

95

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, 2018
(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

$

5,126 $

5,333 $

5,303 $

415

905

468

31

104

74

5,572

6,342

5,845

(30) (437)
(30) (497)

4,071

4,934

4,680

254

849

849

681

168

411

296

264

32

51

53

53

-

153

155

154

1

10

20

1

19

7

7

7

-

20

28

16

12

5,572

6,342

5,856

486

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

-

-

(11)

(11)

337

337

337

-

$

337 $

337 $

326 $

(11)

96

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, 2018
(amounts expressed in thousands)

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

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

22,610 $

28,625 $

21,741 $

22,610

28,625

21,741

(6,884) (6,884)

8,588 2,468 10,140
752 453 209 22,610

10,679 3,217
12,908 1,032 593 196
28,625

8,370 2,686 9,430
590 481 184 21,741

2,309 531
3,478 442 112 12
6,884

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

-

-

-

-

-

-

-

-

$

-$

-$

-$

-

97

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, 2018
(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

$

20,041 $

22,209 $

21,056 $

20,041

22,209

21,056

(1,153) (1,153)

8,003 5,003 5,073 1,076
886 20,041

7,954 6,420 6,496 1,319
20 22,209

12,029 2,001 4,101 1,213 1,712
21,056

(4,075) 4,419 2,395
106 (1,692) 1,153

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

-

-

-

-

-

-

-

-

$

-$

-$

-$

-

98

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, 2018
(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

$

708 $

754 $

754 $

-

708

754

754

-

647

708

708

-

51

26

26

-

8

11

11

-

2

9

9

-

708

754

754

-

Net Change in Fund Balance

-

-

-

-

Fund Balance, Beginning of Year

-

-

-

-

Fund Balance, End of Year

$

-$

-$

-$

-

99

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, 2018
(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

$

1,702 $

3,083 $

1,998 $

(1,085)

1,702

3,083

1,998

(1,085)

1,225 35
277 165 1,702

2,368 69
494 152 3,083

1,610 44
236 108 1,998

758 25
258 44
1,085

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

-

-

-

-

-

-

-

-

$

-$

-$

-$

-

100

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, 2018
(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

$

69 $

94 $

79 $

(15)

69

94

79

(15)

8

7

7

-

5

10

6

4

1

2

2

-

23

29

26

3

32

46

38

8

69

94

79

15

Net Change in Fund Balance

-

-

-

-

Fund Balance, Beginning of Year

-

-

-

-

Fund Balance, End of Year

$

-$

-$

-$

-

101

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, 2018
(amounts expressed in thousands)

REVENUES: Federal
Total Revenues
EXPENDITURES: School Nutrition
Total Expenditures

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

16 $

77 $

77 $

-

16

77

77

-

16

77

77

-

16

77

77

-

Net Change in Fund Balance

-

-

-

-

Fund Balance, Beginning of Year

-

-

-

-

Fund Balance, End of Year

$

-$

-$

-$

-

102

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, 2018
(amounts expressed in thousands)

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

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

1,539 $

2,185 $

1,171 $

(1,014)

1,539

2,185

1,171

(1,014)

136 845 532
5 21 1,539

612 501 1,023
7 42 2,185

270 287 592
22 1,171

342 214 431
7 20 1,014

Net Change in Fund Balance

-

-

-

-

Fund Balance, Beginning of Year

-

-

-

-

Fund Balance, End of Year

$

-$

-$

-$

-

103

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, 2018

(amounts expressed in thousands)
REVENUES: Federal
Total Revenues

Budgeted Amounts

Original

Final

Actual Amounts

Variance With Final Budget

$

516 $

1,356 $

743 $

(613)

516

1,356

743

(613)

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

283

721

429

292

135

344

140

204

6

85

26

59

36

61

42

19

11

31

17

14

17

17

18

(1)

-

4

3

1

28

72

59

13

-

21

9

12

516

1,356

743

613

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

-

-

-

-

-

-

-

-

$

-$

-$

-$

-

104

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.
105

COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF FUND NET POSITION INTERNAL SERVICE FUNDS JUNE 30, 2018

(amounts expressed in thousands)

Assets:

Unemployment Compensation
Fund

SelfInsurance
Fund

Total

Current Assets: Cash Prepaids
Total Current Assets

$

671 $

9,792 $

10,463

-

144

144

671

9,936

10,607

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

$

14

515

529

-

2,248

2,248

-

2

2

-

6

6

14

2,771

2,785

-

4,605

4,605

14

7,376

7,390

657 $

2,560 $

3,217

106

COBB COUNTY SCHOOL DISTRICT
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION
INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2018

(amounts expressed in thousands)

OPERATING REVENUES: Charges for Services
Total Revenues

Unemployment Compensation
Fund

SelfInsurance
Fund

Total

$

70 $

8,076 $

8,146

70

8,076

8,146

OPERATING EXPENSES: School and Administrative Services
Total Expenditures

44

6,037

6,081

44

6,037

6,081

Operating Income

26

2,039

2,065

Transfers-In

-

373

373

Change in Net Position

26

2,412

2,438

Total Net Position, Beginning of Year

631

148

779

Total Net Position, End of Year

$

657 $

2,560 $

3,217

107

COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2018
(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 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 to Net Cash Provided by Operating Activities:
Operating Income Adjustments to Reconcile Operating Income
Net Cash Provided by Operating Activities:
Increase in Prepaid Items Decrease 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

$

70 $

8,076 $

8,146

-

(144)

(144)

(36)

(6,101)

(6,137)

-

(590)

(590)

34

1,241

1,275

-

373

373

-

373

373

34

1,614

1,648

637

8,178

8,815

$

671 $

9,792 $

10,463

$

26 $

2,039 $

2,065

-

(130)

(130)

-

(917)

(917)

8

251

259

-

(2)

(2)

8

(798)

(790)

$

34 $

1,241 $

1,275

108

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.
109

COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF FIDUCIARY ASSETS AND LIABILITIES FIDUCIARY FUNDS JUNE 30, 2018
(amounts expressed in thousands)
Agency Funds

ASSETS: Cash and Cash Equivalents
Total Assets

Student Activity

Payroll Withholding

Total

$

1,642 $

39,044 $

40,686

$

1,642 $

39,044 $

40,686

LIABILITIES:

Due to Student Groups

$

Payroll Withholdings Payable

Total Liabilities

$

1,642 $ -
1,642 $

-

$

39,044

39,044 $

1,642 39,044
40,686

110

COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF CHANGES IN FIDUCIARY ASSETS AND LIABILITIES FIDUCIARY FUNDS FOR THE YEAR ENDED JUNE 30, 2018
(amounts expressed in thousands)

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

Student Activity

Payroll Withholding

$

1,592 $

40,310 $

1,764 (1,714)

547,617 (548,883)

$

1,642 $

39,044 $

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

$

1,592 $

1,764 (1,714)

1,642

-$ -

-

40,310

-

547,617

-

(548,883)

-

39,044

1,592

40,310

1,764 (1,714)

547,617 (548,883)

$

1,642 $

39,044 $

Total
41,902 549,381 (550,597) 40,686
1,592 1,764 (1,714) 1,642
40,310 547,617 (548,883) 39,044
41,902 549,381 (550,597) 40,686

111

COBB COUNTY SCHOOL DISTRICT SPLOST 3 - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2018

LOCATION/DESCRIPTION

Approved Budget

Revised Budget

Expended Inception through 06/30/18

Expended FY18

Encumbered as of 6/30/18

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 Cobb Replacement 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 at 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 Primary (K-1) LaBelle ES

$

496,193 $

1,108,522 $

1,043,331

1,396,810

397,104

1,368,772

-

2,480,809

1,318,244

2,274,182

113,337

689,768

4,154,806

4,513,362

3,436,575

4,559,499

721,525

810,587

651,496

1,581,390

7,076,214

6,180,294

1,327,563

1,475,999

2,013,432

2,392,584

3,942,821

3,901,147

377,384

1,205,364

1,080,925

1,428,768

-

4,263,409

1,040,025

2,262,325

106,366

1,130,657

4,883,357

6,003,393

5,799,494

6,585,224

1,449,276

1,948,220

3,113,452

3,597,195

946,788

184,107

-

6,046,433

514,377

992,997

1,427,439

2,121,587

1,101,700

1,907,394

6,180,190

6,424,047

3,827,240

3,189,835

1,885,533

2,437,722

1,662,303

2,574,829

2,198,797

2,527,560

1,210,036

1,600,327

1,460,314

2,422,184

3,613,109

2,409,522

-

450,000

-

541,642

27,030,976

20,229,489

991,794

1,506,228

1,455,706

1,543,929

2,259,564

3,314,056

3,535,560

4,041,265

1,335,206

1,562,652

14,734,437

10,960,147

3,796,410

4,112,967

1,237,190

1,755,452

2,064,731

2,478,017

591,860

1,374,419

4,240,110

21,634,447

1,711,339

312,664

1,100,656

1,696,592

-

847,433

1,016,015

1,628,165

282,202

1,035,206

5,280,637

3,903,571

176,890

3,018,751

1,061,830

1,389,659

3,508,784

3,542,098

446,849

3,266,090

882,673

1,433,983

2,260,679

2,595,773

3,347,006

6,143,738

21,244,784

17,743,913

3,458,008

3,464,479

2,570,192

3,221,943

1,077,413

1,532,904

537,008

1,289,855

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 2,392,576 3,901,141 1,205,358 1,428,761 4,192,272 2,258,001 1,130,651 5,992,253 6,585,216 1,946,482 3,597,187
184,107 6,046,428
992,990 2,121,581 1,907,387 6,424,035 3,189,148 2,437,710 2,574,815 2,527,553 1,597,843 2,422,174 2,409,060
403,664 541,640 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 2,464,900 1,374,411 21,634,429 312,659 1,696,584 823,349 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 17,743,904 3,463,290 3,215,795 1,510,375 1,289,850

-$ 22,043 878,863 7,375 2,089 3,284 7,423 15,000 63,547 403,664 66,970 345,439 9,268 2,419 26,959 184,870 -

-$ 10,508 70,462 4,008 10,653 2,471 34,400 11,805 3,243 -

8 8 6 8 8 8 2,492 2,998 1 5 9 6 8 6 6 7 675 316 6 487 8 1,738 8 5 7 6 7 12 687 12 14 7 13 10 462 11,936 2 10 8 5 8 6 6 14 8 7 1,312 8 18 5 8 24,084 5 6 9 11 7 10 6 7 11 10 9 1,189 2,905 22,529 5

112

COBB COUNTY SCHOOL DISTRICT SPLOST 3 - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2018

LOCATION/DESCRIPTION
Lassiter HS 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 Vaughn ES Walton HS Walton Replacement HS West Cobb 9th Grade Center Wheeler HS 440 Glover Street 514 Glover Street 538 Glover Street 590 Commerce Park Drive 650 South Cobb Dr TOTAL PROJECT EXPENDITURES

Approved

Budget

19,710,822

1,078,833

2,194,040

747,495

2,541,438

78,500

-

28,150,542

4,925,337

1,327,752

820,382

518,652

110,691

18,904,274

690,684

4,945,324

914,540

2,433,140

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 Budget
20,944,463 2,229,817 2,198,828 1,776,821 2,879,387 1,498,856 370,770 22,114,487 5,547,839 1,053,920 699,219 516,902 759,330 11,818,030 1,580,384 8,863,712 1,312,611 2,721,416 2,023,771 790,055 3,704,163 1,311,402 2,592,387 22,305,640 2,922,610 949,498 3,609,167 1,077,938 6,831,304 699,216 9,073,926 1,952,880 22,588,170 14,085,596 4,702,973 1,148,061 1,394,194 724,175 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 7,677,002 31,748,956 5,367,061 25,979,312 15,890,596 2,939,547 9,839,008 6,005,369 13,122,024 1,133,676 1,982,906 3,270,561 1,381,882 7,292,733 8,300 29,485,221 14,816,726 8,040,661 560,989 79,827 10,743
634,513,239 $

Expended Inception through 06/30/18
20,944,450 2,229,808 2,198,821 1,776,813 2,879,382 1,498,851 370,767 22,114,481 5,547,831 1,053,916 699,217 516,899 758,225 11,818,019 1,580,378 8,863,705 1,312,606 2,721,407 2,023,760 769,728 3,695,330 1,311,394 2,588,617 22,144,724 2,922,601 807,181 3,609,157 1,077,931 6,831,293 699,211 9,073,913 1,952,873 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 5,366,686 25,979,297 15,890,583 2,939,538 9,006,048 6,005,361 13,120,517 1,133,669 1,982,900 3,270,551 1,381,874 7,292,724 29,485,204 12,232,516 7,770,998 560,983 79,826 10,743
630,245,517 $

Expended FY18
1,368 16,993 3,281 41,960 453,406 5,700 12,908 28,912 500,570 2,136 483,444 2,375 5,700 1,238,997 57,656 35,857 4,930,476

Encumbered

as of 6/30/18

-

-

-

-

-

-

7,726

-

-

56,208

101,969
-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,287

-

-

2,521,793

17,500

-

-

-

$

2,861,033

Uncommitted

13

9

7

8

5

5

3

6

8

4

2

3

1,105

11

6

7

5

9

11

20,327

1,107

8

3,770

104,708

9

40,348

10

7

11

5

13

7

10

16

8

7

7

6

9

4

10

7

5

5

10

13

1

3

11,231

8

375

15

13

9

832,960

8

1,507

7

6

10

8

9

13

-

17

62,417

252,163

6

1

-

$

1,406,689

113

COBB COUNTY SCHOOL DISTRICT SPLOST 4 - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2018

LOCATION/DESCRIPTION

Approved Budget

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 Center 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

$

508,194 $

2,332,467

143,982

285,769

247,408

212,135

3,733,047

761,365

-

162,172

292,368

25,663

559,312

461,049

149,157

403,159

23,330,216

3,311,777

487,680

26,034,595

6,032,596

-

372,035

1,004,221

-

1,402,438

713,483

972,053

5,304,276

575,203

1,391,811

3,105,288

3,455,215

57,742

459,338

3,661,474

29,125,616

54,534

117,079

277,470

1,412,827

984,706

725,907

3,743,963

320,873

534,205

1,500,906

86,000

-

27,497,531

25,663

-

-

4,742,176

383,330

2,519,268

580,902

788,445

1,418,099

613,703

327,289

2,908,159

1,479,566

6,500,000

3,816,562

361,762

Revised Budget

Expended Inception through 06/30/18

Expended FY18

Encumbered as of 06/30/18

Uncommitted

1,231,113 $ 1,149,658
379,253 2,131,924
732,580 772,491 1,228,219 1,655,730
35,767 1,228,412 1,299,567 1,010,416 1,307,818 1,481,671 1,111,831 1,171,708 27,124,821 1,324,403 1,422,016 19,038,975 6,342,027 29,497,911 1,014,510 2,721,229 1,086,043
915,886 1,262,341 1,322,442 1,477,322 1,108,871 1,545,767 3,668,997 1,491,961 1,082,654 1,224,129 1,068,286 39,309,083 1,335,789
954,383 1,336,528 1,149,010 1,435,613 2,717,413 1,151,379 1,177,629 2,272,458 3,117,651
984,885 10,083 28,214,763 29,423 896,067 247,876 6,043,362 1,815,025 3,765,662 3,199,901 1,144,653 1,072,063 2,549,114 1,305,527 1,007,526 3,019,966 13,776,404 980,106 1,331,488

1,100,164 $ 796,109 364,712
1,967,557 702,343 737,646
1,202,060 1,600,441
35,767 1,155,657 1,251,967
720,190 1,257,595 1,420,054 1,025,939 1,171,708 25,510,320 1,250,029 1,341,146 14,638,218 6,294,098
425,441 970,185 2,348,831 1,029,953 681,530 889,558 1,289,575 1,434,192 982,671 1,493,300 3,626,005 1,424,061 748,798 1,191,727 1,057,603 37,117,716 1,200,367 896,890 1,273,248 1,118,207 1,377,427 2,660,336 1,110,623 1,130,658 1,954,827 3,072,585 933,297 10,083 5,524,690 20,827 722,010 240,647 5,810,404 1,769,033 3,730,698 3,039,036 1,096,934 1,036,364 2,413,966 1,239,823 966,973 2,836,723 12,183,775 930,397 1,253,133

72,184 $ 33,194
9,326 416,796
78,871 78,944 154,217 486,782
113,237 470,668 43,191 149,403 108,271 59,188 34,326 14,409,791 156,315 261,724 9,586,008 271,248 127,764
79,785 660,895 183,540
71,524 52,907 141,396 116,769 157,536 249,502 964,805 169,517 35,375 214,437 133,339 16,573,902 64,539 69,665 151,356 129,785 142,275 25,317 207,150 204,137 727,379 212,553 64,057
3,261,094
103,059
62,259 773,308 447,785 260,448 567,023 151,541 167,060 352,533 130,397 32,440 453,478 4,240,660 37,981 94,579

81,633 $ 278,034
43,188 231,967 (500) 701,284 576,964 796,068 267,276 180,119 300,855 7,229 71,860 9,035 2,850 259,990 10,582 1,030,269 47,945 216,028 20,573,053 132,932 7,229 151,417 (4,551) 7,229 -

49,316 75,515 14,541 164,367 30,237 34,845 26,159 55,289
29,567 47,600 58,259 50,723 61,617 85,892
913,217
74,374 80,870 3,823,793 47,929 28,276,402 44,325 105,122 56,090 54,237 71,928 32,867 35,901 54,340 43,432 40,142 67,900 73,866 32,402
101 1,161,098
87,477 57,493 63,280 30,803 58,186 57,077 40,756 46,971 101,603 45,066 51,588
2,117,020
8,596 41,125
81,541 50,543 34,964 153,636 47,719 35,699 135,148 65,704 40,553 183,243 1,592,629 49,709 78,355

114

COBB COUNTY SCHOOL DISTRICT SPLOST 4 - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2018

LOCATION/DESCRIPTION
King Springs Primary (K-1) LaBelle ES Lassiter HS Lewis ES Lindley 6th Grade Academy Lindley MS Lost Mountain MS Lovinggood MS 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 Osborne Replacement 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 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 Vaughn ES Walton HS Walton Replacement HS Wheeler HS 440 Glover Street 514 Glover Street 538 Glover Street 560 Glover Street 590 Commerce Park Drive 650 South Cobb Dr TOTAL PROJECT EXPENDITURES

Approved Budget

85,000 160,393 13,447,646 3,396,001 876,943 848,625 7,079,609
32,079 96,236 938,206
32,079 2,413,932 8,737,474 64,157 3,744,478 2,695,904 23,330,216 319,277 2,306,880 2,258,194 23,328,254 756,708 386,339 3,290,500 29,900,000 25,663 4,438,112 28,870 2,677,281 128,710 30,000,000 20,943,137 624,080 189,873 6,416 53,892 532,668 3,334,456 881,756 28,870 670,531 470,438 1,521,727 3,469,077 17,960,694 1,072,858 3,383,412 231,771,535 5,049,770 4,749,141 534,845 3,490,899 320,873 600,441 1,493,167 39,946,400 22,124,756 -

$

717,844,707 $

Revised Budget

Expended Inception through 06/30/18

144,133 1,154,552 15,467,142 1,785,785
870,646 1,211,302 8,910,926 1,491,278 1,403,112 2,010,570
37,889 45,831 14,682 681,026 2,340,025 1,449,653 11,165,681 788,005 1,339,506 735,377 31,813,922 1,117,411 904,547 1,782,657 28,854,364 1,370,951 849,167 2,659,319 61,373,307 1,372,263 5,500,131 1,116,787 1,013,313 1,238,877 27,106,114 29,215,842 2,044,913 632,013 1,455,386 904,582 909,700 13,600 1,063,627 1,145,919 1,685,070 1,498,088 1,594,121 1,154,392 1,772,244 834,444 1,605,946 13,559,208 2,711,693 1,199,517 26,000,103 1,253,978 5,571,381 984,536 1,609,299 1,735,955 1,089,797 1,008,360 96,339,243 28,184,136 10,389,255 6,022,753 59,003 130,538 41,391 284,844

143,963 926,828 3,234,186 1,206,693 834,876 1,180,352 8,876,290 1,434,377 1,308,599 1,980,172
37,874 45,831 14,682 654,957 2,312,697 1,410,561 10,888,593 759,793 1,262,129 735,372 31,695,581 1,043,197 869,729 1,694,104 28,406,602 1,300,813 699,241 2,511,323 6,464,619 1,342,343 5,276,881 1,042,036 990,843 1,093,307 26,984,518 28,015,062 1,974,436 599,589 1,364,785 866,891 870,163 13,012 1,015,592 1,095,240 1,440,932 1,007,704 1,528,820 1,124,271 1,737,125 766,271 1,525,026 11,198,788 2,520,968 1,145,760 8,423,275 1,225,558 5,483,753 946,606 1,550,078 1,308,181 1,037,500 1,008,360 60,970,225 28,012,022 8,861,334 4,935,489 44,302 98,357 41,391 284,754

717,844,707 $

518,514,429 $

Expended FY18

Encumbered as of 06/30/18

Uncommitted

14,335 45,283 804,346 287,491 61,032 157,924 153,695 232,329 201,144 154,071
8,300 670,563 169,983 503,888 34,770 39,637 5,000 601,300 105,096 114,220 573,028 16,981,894 174,361 93,274 200,398 5,713,440 204,317 337,061 25,577 149,447 109,482 149,740 8,944,213 506,242 46,450 168,414 124,287 124,518 13,012 98,057 91,194 1,397,191 67,111 492,005 282,652 169,156 151,896 75,065 8,065,726 379,263 200,432 2,520,903 243,118 132,737 110,675 432,044 126,371 151,641 9,059,070 560,228 2,194,152 2,088,801 9,541 85,613 143,924

147,486 264,931 391,260
15,049 -
3,956 21,422
3,005 129,873 12,181 85,495 145,399 48,676,697 30,641 82,570 106,830 103,968 120,441 375,399 13,721 2,352 1,590,902 23,226 330,074 31,252,008 2,193 780,000 10,398 -

170 80,238 11,968,025 187,832 20,721 30,950 34,636 52,945 73,091 30,398
15 23,064 27,328 39,092 147,215 28,212 77,377
5 118,341
74,214 34,818 76,372 362,267 70,138 4,527 147,996 6,231,991 29,920 192,609 74,751 22,470 63,000 14,766 1,096,812 70,477 32,424 90,601 37,691 39,537
588 48,035 50,679 123,697 114,985 51,580 30,121 32,767 68,173 80,920 769,518 190,725 53,757 17,576,828 28,420 64,402 37,930 59,221 97,700 52,297
4,117,010
169,921 1,527,921
307,264 4,303 32,181 90

128,392,663 $

110,701,462 $

88,628,816

115

(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, implementation of GASB Statements No. 68 and 71 as of July 1, 2014, and the implementation of GASB Statement No. 75 as of July 1, 2017.
116

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, 2009 $ 1,060,388

Fiscal Year

June 30, 2010

June 30, 2011

$ 1,054,911 $ 1,066,545

June 30, 2012 $ 1,230,853

1,523 -
244,178

1,356 -
285,849

163,602
21,676 -
171,646

56,155 20,200
147,483

$ 1,306,089 $ 1,342,116 $ 1,423,469 $ 1,454,691

(1) Net position was restated due to the implementation of GASBS Nos, 68 and 71, effective July 1,2014. (2) Net Position was restated due to the implementation of GASBS Nos. 75, effective July 1, 2017.
Source: District Records

117

June 30, 2013 $ 1,262,788

June 30, 2014

Fiscal Year June 30, 2015 (1) June 30, 2016

$ 1,256,656 $ 1,329,345 $ 1,371,599

June 30, 2017 June 30, 2018 (2) $ 1,444,579 $ 1,463,720

49,860 20,924
20 149,881

110,228
19,213 3
157,363

$ 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)

123,455
18,910 -
(1,625,362)

829,062 $

(19,277)

118

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, 2009

Fiscal Year

June 30, 2010

June 30, 2011

June 30, 2012

$

737,527

29,467

47,395

182,836

47,802

61,988

-

-

300

$ 1,107,315

$

737,900

31,584

46,721

165,345

46,513

60,912

-

-

-

$ 1,088,975

$

689,680

30,563

48,853

152,083

43,563

56,608

-

28,930

93

$ 1,050,373

$

682,212

30,031

51,475

175,717

44,698

60,143

-

29,746

118

$ 1,074,140

$

1,276 $

1,184 $

1,241 $

1,068

11

10

13

11

43,557

41,142

27,312

27,921

2,254

1,332

909

983

-

-

28,721

29,402

468,115 2,739

491,465 199

518,300 541

478,937 30,832

$

517,952 $

535,332 $

577,037 $

569,154

$ (589,363) $ (553,643) $ (473,336) $ (504,986)

$

482,690 $

470,456 $

423,694 $

405,965

142

52

43

-

110,242

112,395

113,739

122,557

7,307

2,323

1,475

1,079

5,931

2,979

3,070

2,076

-

-

-

516

876

953

2,962

4,015

$

607,188 $

589,158 $

544,983 $

536,208

-

512

-

-

$

17,825 $

36,027 $

71,647 $

31,222

Source: District Records
119

June 30, 2013

June 30, 2014

Fiscal Year

June 30, 2015

June 30, 2016

June 30, 2017

June 30, 2018

$

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

$

842,846

37,822

49,754

207,198

61,737

73,717

-

30,691

167

$ 1,303,932

$

1,101 $

913 $

1,121 $

1,192 $

1,187 $

1,239

10

13

10

11

11

9

29,104

28,035

27,963

29,008

29,135

37,472

1,842

2,004

1,830

1,127

898

2,401

28,608

30,970

31,193

31,169

30,977

31,664

504,819 7,524

512,800 8,085

545,592 5,867

579,489 18,902

614,312 9,714

632,068 2,658

$

573,008 $

582,820 $

613,576 $

660,898 $

686,234 $

707,511

$ (495,476) $ (472,040) $ (475,143) $ (500,638) $ (592,280) $ (596,421)

$

400,271 $

404,759 $

421,043 $

443,533 $

473,864 $

504,117

-

-

-

-

-

-

121,008

121,712

126,923

128,980

132,036

137,708

-

-

-

-

-

-

1,632

1,697

1,352

1,242

1,754

3,741

-

175

-

-

1,694

-

1,347

3,687

1,769

2,762

5,021

1,964

$

524,258 $

532,030 $

551,087 $

576,517 $

614,369 $

647,530

-

-

-

-

-

-

$

28,782 $

59,990 $

75,944 $

75,879 $

22,089 $

51,109

120

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, 2009

Fiscal Year June 30, 2010 June 30, 2011 (a)

June 30, 2012

$

2,714 $

5,823 $

-$

-

77,575

79,783

-

-

-

-

324

353

-

-

-

-

-

-

-

-

-

-

46,256

34,396

-

-

99,863

98,637

$

80,289 $

85,606 $

146,443 $

133,386

All Other Governmental Funds

Reserved

$

Unreserved, reported in:

Special Revenues Funds

Capital Projects Funds

Nonspendable

Restricted

Committed

Assigned

Unassigned

Total All Other Governmental Funds $

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 $

-
1,706 76,355 11,883 4,737 94,681

(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
121

June 30, 2013

June 30, 2014

Fiscal Year

June 30, 2015

June 30, 2016

June 30, 2017

June 30, 2018

$

-$

-$

-$

-$

-$

-

-

-

-

-

-

-

674

676

844

1,004

2,151

980

-

-

-

-

-

-

-

5,000

10,000

8,200

-

-

59,272 75,349

47,596 89,510

31,050 90,588

20,342 74,840

15,023 96,064

30,535 109,206

$

135,295 $

142,782 $

132,482 $

104,386 $

113,238 $

140,721

$

-$

-$

-$

-$

-$

-

-

-

-

-

-

-

-

-

-

-

-

-

1,848

1,464

1,844

1,922

1,993

2,228

70,804

129,444

110,264

135,367

113,764

120,492

12,577

14,790

14,990

16,169

16,531

17,042

2,289

1,557

1,468

1,487

786

390

-

-

(9)

(5)

(556)

(24)

$

87,518 $

147,255 $

128,557 $

154,940 $

132,518 $

140,128

122

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

2009
$ 585,637 477,654 33,143 5,931 11 1,824 1,374
1,105,574

Fiscal Year

2010

2011

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

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

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

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

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

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

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

634,330 25,740 49,700
169,535 41,469 56,514 29,746 118
179,490
1,186,642

Excess (Deficiency) of Revenues Over (Under) Expenditures

16,636

40,491

14,651

(79,649)

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

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

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

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

24,930 (25,424)
787
293

Extraordinary Item: Proceeds from Insurance Recovery

-

3,952

-

-

Net Change in Fund Balances

$

14,619 $

43,778 $

13,421 $ (79,356)

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

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

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

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

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

0.73%

0.00%

-

-

Source: District Records

123

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

2014
$ 527,683 520,737 57,170 1,846 1,545 3,219 3,687
1,115,887

Fiscal Year

2015

2016

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

$ 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

2018
$ 640,509 633,454 59,179 4,997 1,932 3,528 2,875
1,346,474

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

754,423 33,709 46,397
188,486 52,463 69,767 30,691 -
135,180
167 1,311,283

(5,765)

67,642

(28,679)

(1,889)

(16,842)

35,191

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

7,882 (8,255)
275
(98)

-

-

$

(5,801) $

67,224

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

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

-

-

-

-

$ (28,998) $

(1,713) $ (13,570) $

35,093

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

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

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

$ 1,176,768 134,515
$ 1,311,283

-

-

-

-

-

-

124

COBB COUNTY SCHOOL DISTRICT PROPERTY TAX LEVIES AND COLLECTIONS JUNE 30, 2018

Property Taxes Collected and Balances Receivable

2012

2013

2014

2015

2016

General Fund Collections

Balance Receivable

2017

amounts in thousands
$500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2018

Balances as of June 30, 2018 (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

2012

2013

2014

2015

2016

2017

2018

Total

$ 403,777 $ 394,842 $ 385,590 $ 398,979 $ 413,425 $ 439,272 $ 468,387 $ 2,904,272

399,261 391,485 383,051 397,194 411,807 437,484 466,239 2,886,521

98.88% 99.15% 99.34% 99.55% 99.61% 99.59% 99.54%

99.39%

$ 4,446 $ 3,285 $ 2,462 $ 1,668 $ 1,435 $ 1,343 $

- $ 14,639

403,707 394,770 385,513 398,862 413,242 438,827 466,239 2,901,160

$

70 $

72 $

77 $ 117 $ 183 $ 445 $ 2,148 $ 3,112

99.98% 99.98% 99.98% 99.97% 99.96% 99.90% 99.54%

99.89%

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

125

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 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Motor Vehicles Public Services Maint & Operations

(amounts expressed in thousands) Net M&O

For Maintenance & Operations of Schools

Fiscal Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Real Property 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 21,599,228

Personal Property
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 1,825,340

Public

Services Motor Vehicle

523,121 1,892,692

547,675 1,794,543

680,936 1,658,511

753,229 1,679,543

838,778 1,779,893

893,003 1,716,625

870,412 1,365,200

855,371

990,609

853,860

718,250

839,298

518,534

Total Assessed Value 25,287,425 24,774,275 22,649,587 21,363,852 20,891,129 20,401,547 21,109,974 21,874,306 23,241,892 24,782,400

Direct Estimated Rate Actual Value 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 1.890% 61,956,001

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

126

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 2009

2010

2011

2012

2013

School District

2014

2015

County Government

2016

2017

2018

(all tax rates are per $1000 assessed valuation)

Fiscal Year

2009 2010

School District Maint & Operations

18.90 18.90

Total Direct Rate

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

2018
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

7.72

7.72

7.52

7.32

7.12

6.66

6.76

2.56

2.56

2.56

3.06

3.06

3.06

3.06

3.06

2.96

2.96

0.22

0.22

0.22

0.33

0.33

0.33

0.33

0.33

0.23

0.13

9.60

9.60

9.60 11.11 11.11 10.91 10.71 10.51

9.85

9.85

0.25

0.25

0.25

0.25

0.20

0.15

0.10

0.05

-

-

9.85

9.85

9.85 11.36 11.31 11.06 10.81 10.56

9.85

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

4.00

4.00

3.06

3.06

3.06

3.25

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

127

COBB COUNTY SCHOOL DISTRICT PRINCIPAL PROPERTY TAXPAYERS DECEMBER 31, 2017 AND NINE YEARS AGO
Principal Property Taxpayers - 2017

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

UK Lasalle Inc. GC Net Lease Piedmont 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 Piedmont GC Net Lease UK Lasalle Inc. Wildwood Associates Post Properties Diversity Development Properties Diamondrock Waverly Owner, LLC CP Venture Five, LLC
TOTAL

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

December 31, 2017

Percent

of Total

Taxes

Taxes

Rank Levied

Levied

1 $ 9,111,978

1.945%

2

3,928,032

0.839%

3

2,387,160

0.510%

4

2,168,450

0.463%

5

1,874,525

0.400%

6

1,808,226

0.386%

7

1,569,699

0.335%

8

1,518,895

0.324%

9

1,372,254

0.293%

10

1,328,357

0.284%

December 31, 2008

Percent

of Total

Taxes

Taxes

Rank Levied

Levied

2 $ 2,364,247

0.495%

1

3,893,583

0.815%

3

1,953,458

0.409%

6

1,625,246

0.340%

4

1,871,518

0.392%

5

1,805,519

0.378%

7

1,461,486

0.306%

8

1,322,961

0.277%

9

1,201,983

0.251%

10

1,184,025

0.248%

$ 27,067,576

5.779%

$ 18,684,026

3.911%

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, 2017 and nine years earlier, December 31, 2008 Source: Office of Tax Commissioner, Cobb County, GA

128

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

Debt Limit Total debt applicable to limit

2009 $ 2,528,743
-

2010 $ 2,477,428
-

Fiscal Year

2011

2012

$ 2,264,959 $ 2,136,385

-

-

2013 $ 2,089,113
-

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

$ 2,528,743 -

$ 2,477,428 -

$ 2,264,959 $ 2,136,385 $ 2,089,113

-

-

-

Debt Limit Total debt applicable to limit

2014 $ 2,040,157
-

2015 $ 2,110,997
-

Fiscal Year 2016
$ 2,187,433
-

2017 $ 2,324,189
-

2018 $ 2,478,240
-

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

$ 2,040,157 -

$ 2,110,997 -

$ 2,187,433 $ 2,324,189 $ 2,478,240

-

-

-

Source: District Records

129

COBB COUNTY SCHOOL DISTRICT LEGAL DEBT MARGIN INFORMATION FISCAL YEAR 2018
Legal Debt Information - Fiscal Year 2018
$0

$2,478,240,022

Total Amount of Debt Applicable to Debt Limit Legal Debt Margin

(amounts expressed in thousands)
Net Assessed Valuation, Cobb County School District, January 1, 2017

$

24,782,400,215

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

$

2,478,240,022

$

-

$

-

$

2,478,240,022

130

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

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

(amounts expressed in thousands, except per capita)

Total

General

Primary

Fiscal Obligation

Capital

Government

Year

Bonds

Leases

Debt

2009

-

-

-

2010

-

-

-

2011

-

-

-

2012 2013

-

-

-

-

-

-

2014

-

-

-

2015

-

-

-

2016

-

-

-

2017

-

-

-

2018

-

-

-

Annual Personal Income
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 40,281,455

Population
617,750 618,206 633,084 642,143 649,141 658,101 670,967 682,267 687,209 694,706

Debt as a Percentage of Personal
Income
-

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 694,706 provided by the US Census Bureau (July 1, 2017 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.
131

Total Debt Per Capita
-

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% 2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

Fiscal Year
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Population
617,750 618,206 633,084 642,143 649,141 658,101 670,967 682,267 687,209 694,706

Estimated Actual Value
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 61,956,000,536

Gross Bonded Debt
-

Restricted for Bonded
Debt
1,523,000 1,356,000
-

Note: All general obligation bonds were retired in fiscal year 2007. Population provided by US Census Bureau (2018 estimate); excludes the City of Marietta.

Net Bonded
Debt

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132

COBB COUNTY SCHOOL DISTRICT COMPUTATION OF DIRECT AND OVERLAPPING GENERAL OBLIGATION DEBT JUNE 30, 2018
Direct and Overlapping Debt Per Capita
$0

$29

Direct: Cobb County Schools

Indirect: Cobb County Government

Direct General Obligation Debt: Gross Bonded Debt

$

-$

-

Overlapping General Obligation Debt: Cobb County Government (97% of $21,090,000)
Total Direct and Overlapping General Obligation Debt
Debt Per Capita:* Direct General Obligation Debt Overlapping General Obligation Debt Total

$ 20,457,300 $
$

20,457,300 20,457,300

$

-

29

$

29

*Population of 694,706 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.
133

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

800,000 750,000 700,000 650,000 600,000

Cobb County Population Growth

550,000

500,000 2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

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

Population
679,822 684,776 689,655 697,277 707,277 717,190 730,981 741,334 748,150 755,754

Personal Income (In Thousands)
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 40,281,455

Per Capita Personal Income
46,643 43,834 43,858 45,866 47,594 47,993 49,513 49,101 51,308 53,300

Median Household
Income
70,472 63,514 59,896 57,995 65,423 66,300 68,656 70,246 70,947 75,654

Median Age
36.2 34.8 35.4 35.6 35.4 36.1 36.2 36.3 36.5 36.6

Active Student Enrollment
105,742 106,488 106,836 106,502 107,914 109,529 111,060 111,848 112,412 111,482

Unemployment Rate
5.6% 8.8% 9.7% 8.9% 8.0% 7.1% 6.0% 5.0% 4.6% 4.4%

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.

134

COBB COUNTY SCHOOL DISTRICT PRINCIPAL EMPLOYERS CURRENT YEAR AND NINE YEARS AGO
Principal Employers - 2017

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. Dobbins Air Force Base Walmart
Total

Rank 1 2 3 4 5 6 7 8 9 10

2017
Employees 13,606 12,000 11,596 5,980 5,100 5,086 3,619 2,803 2,772 2,523
65,085

Percentage of Total County
Employment 3.29% 2.90% 2.81% 1.45% 1.23% 1.23% 0.88% 0.68% 0.67% 0.61%
15.75%

Rank 1 5 3 7 4 6 8
10
2 9

2008
Employees 15,452 6,400 9,276 3,734 6,611 5,775 3,062

Percentage of Total County
Employment 4.44% 1.84% 2.66% 1.07% 1.90% 1.66% 0.88%

2,492

0.72%

12,000 2,840
67,642

3.44% 0.82%
19.43%

Information is available by calendar year; therefore, data reported is for years ended December 31, 2017, and nine years earlier, December 31, 2008. Principal Employers within the county provided by 2017 and 2008 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

135

COBB COUNTY SCHOOL DISTRICT COMPARISON OF METROPOLITAN ATLANTA SCHOOL DISTRICT PROPERTY TAX RATES JUNE 30, 2018

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 23.280 20.950 18.546 21.850 17.970 25.320

Source: Georgia Department of Revenue

Maintenance & Operations
21.740 19.095 18.900 23.280 19.750 18.546 19.800 17.970 25.320

Debt Service 0.000 0.000 0.000 0.000 1.200 0.000 2.050 0.000 0.000

136

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 2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

(dollars expressed in millions)

Calendar Year Ended
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Bank Deposits (a)
10,739 10,542
9,468 9,490 10,269 10,933 11,936 13,769 13,797 15,216

Single-Family

Residences (b)

Number

Market

of Units

Value

510

118

434

99

491

114

597

161

734

204

1,077

316

938

277

923

314

939

311

943

290

Total New

Construction (b)

Number

Market

of Permits

Value

7,019

572

5,102

349

5,594

410

5,587

656

5,667

581

6,320

711

7,352

596

5,596 5,725 9,825

1,078 1,371
994

Estimated Actual Value of Taxable Property (c)
63,219 61,936 56,624 53,410 52,227 51,004 52,775 54,686 58,105 61,956

(a) Bank deposits as of June 30, 2008 and 2009, supplied by the Georgia Department of Banking and Finance. Bank deposits June 30, 2010 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.

137

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 2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

(amounts expressed in thousands)

Fiscal Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Homestead Exemption
1,165,038 1,160,256 1,133,942 1,086,141 1,041,831
999,067 965,937 935,568 918,620 903,943

Elderly Exemption
3,115,732 3,374,955 3,308,523 3,305,864 3,299,172 3,420,226 3,755,620 4,177,064 4,764,134 5,350,772

Disabled Residents Exemption
15,099 15,389 15,208 14,608 15,660 16,281 18,132 21,587 26,027 31,221

Personal Property Exemption
1,086,274 1,159,876 1,501,213 1,274,139 1,175,141 1,196,382 1,068,067 1,249,680 1,330,396
793,748

Conservation Exemption 80,282 82,041 66,204 53,464 52,676 53,574 53,146 54,339 59,702 66,325

Total Digest Reductions 5,462,425 5,792,517 6,025,090 5,734,216 5,584,480 5,685,530 5,860,902 6,438,238 7,098,879 7,146,009

Gross Property
Digest 25,287,425 24,774,275 22,649,587 21,363,851 20,891,129 20,401,572 21,109,974 21,874,329 23,241,892 24,782,400

Reductions as Percent of Gross
Digest 21.60% 23.38% 26.60% 26.84% 26.73% 27.87% 27.76% 29.43% 30.54% 28.84%

Source: Cobb County Office of Tax Commissioner

138

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 2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

Fiscal Year
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Professional Personnel (a)
9,213 9,272 8,378 8,290 8,008 7,907 8,036 8,050 8,099 8,092

Other Operating Personnel (b)
3,391 3,046 2,841 2,970 2,896 2,821 2,769 2,943 2,953 2,587

Service Personnel (c)
3,049 2,994 2,857 2,847 2,813 2,834 2,949 2,599 2,613 2,927

Total Personnel
15,653 15,312 14,076 14,107 13,717 13,562 13,754 13,592 13,665 13,606

Active Student Enrollment
105,742 106,488 106,836 106,502 107,914 109,529 111,060 111,848 112,412 111,482

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

(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

139

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 2008

2009

2010

2011

2012

2013

2014

2015

2017

2018

Fiscal Year
2008 2009 2010 2011 2012 2013 2014 2015 2017 2018

Expenses
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 1,303,932,000

Active Student Enrollment
105,742 106,488 106,836 106,502 107,914 109,529 111,060 111,848 112,412 111,482

Cost Per Pupil Enrolled
10,472 10,226
9,832 10,086
9,901 9,631 9,803 10,385 11,373 11,696

Percentage of
Change
-2.35% -3.86% 2.58% -1.83% -2.73% 1.79% 5.94% 9.52% 2.84%

Professional Personnel
9,213 9,272 8,378 8,290 8,008 7,907 8,036 8,050 8,099 8,092

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

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
140

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 2009 2010 2011 2012 2013 2014 2015

Other

Capital Outlay

Business Serv.

School & Admin.

2016 2017 Pupil Services

2018 Instruction

(amounts expressed in thousands)

Fiscal

Pupil

Year Instruction Services

School & Administrative
Services

Business Services

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$ 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 24,385 754,822 27,891

85,445 74,888 72,761 78,172 77,821 78,407 84,588 103,673 106,625 113,283

$ 101,253 97,049 93,103 93,237
100,191 103,311 106,063 110,845 114,446 118,690

Capital Outlay Other

$ 14,977 $ 7,676

1,484

-

3,522

-

9,214

-

6,659 4,346

1,489

3,769

458

2,546

465

1,510

-

3,119

-

Total
$ 932,214 863,036 821,638 839,615 834,752 835,694 893,446 962,567 989,135
1,017,805

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

141

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 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

(amounts expressed in thousands)

Fiscal Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Local Taxes $ 475,294
462,518 427,174 408,123 397,592 405,970 421,814 443,641 475,835 502,801

Intergovernmental

$

404,313

404,856

431,352

391,997

415,168

431,907

459,181

490,747

519,721

543,085

Interest Income

$

4,497

2,475

2,410

1,981

1,562

1,637

1,294

1,189

1,662

3,352

Other $ 2,276
1,830 1,091 1,092 2,406 4,991 2,935 1,751 2,188 3,801

Total $ 886,380
871,679 862,027 803,193 816,728 844,505 885,224 937,328 999,406 1,053,039

Other includes Tuition & Fees, Insurance & Damage Recoveries, Rentals and Other Revenues. Source: District Records
142

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
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Debt Service Fund Expenditures
-

General Fund Expenditures
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 1,017,805,000

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

Source: District Records

143

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% 195019571961196219641969197319771979198119851987198919911995199719982003200820132017

Referendums:

Year 1950 1957 1961 1962 1964 1969 1973 1977 1979 1981 1985 1987 1989 1991 1995 1997 1998 2003 2008 2013 2017

Amount $ 1,500,000
1,750,000 2,500,000 3,000,000 4,000,000 15,000,000 16,500,000 22,000,000 20,000,000 8,000,000 27,000,000 58,500,000 59,500,000 39,600,000 220,865,000 609,200,000 626,773,000 636,504,000 797,657,000 717,845,000 797,022,000

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.

144

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

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

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

131,924 913 671
81,334 662 631
56,904 537 427
85,326 562 486
106,694 987 791
83,098 712 717
68,049 562 348
84,461 837 600
105,886 912 854
111,299 837 747
49,828 412 -
99,181 912 910
116,071 962
1,013
136,261 987 835
124,148 963 644
137,108 1,063 1,116

145

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

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

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
55,412 437 407
99,427 937 576
86,131 788 568
106,003 963
1,013
70,367 587 627
-
149,764 1,087 1,266
60,029 562 693
97,993 863 956
91,129 862 723
125,717 963 783
85,775 688 672
90,915 688 737
65,127 512 686

-

-

-

-

-

-

129,988 863 798

129,988 863 813

55,412 437 395

55,412 437 391

88,079 788 559

88,079 788 546

86,131 788 572

86,131 788 573

106,003 963 973

106,003 963 980

70,367 587 635

70,367 587 617

-

-

-

-

-

-

149,764 1,087 1,298

149,764 1,087 1,288

60,029 562 720

60,029 562 727

97,993 863 961

97,993 863 894

91,129 862 805

91,129 862 838

125,717 963 817

125,717 963 805

85,775 688 674

85,775 688 698

90,915 688 706

90,915 688 704

65,127 512 672

65,127 512 642

Continued---

146

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

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

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

119,189 962 900
123,025 962 645
89,012 862 616
70,537 588 509
123,000 962 988
116,400 962 627
83,969 762 714
59,658 587
1,047
82,912 688 430
115,363 962 547
-
148,523 962
1,034
88,158 562 360
73,352 612 424
110,096 937
1,118
144,362 962 772

147

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

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

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
75,800 637 544
122,342 937
1,054
87,935 837 950
139,090 963 732
136,261 962 892
101,870 888 815
59,190 462 446
85,236 562 639
123,000 962
1,220
72,896 612 613
104,362 962 699
116,302 862 774
99,735 888 866
112,620 962 640
-

123,233 962
1,019

123,233 962
1,012

75,800 637 538

75,800 637 534

122,342 937
1,068

122,342 937
1,104

87,935 837 917

87,935 837 901

139,090 987 761

139,090 987 764

136,261 962 966

136,261 962 913

101,870 888 838

101,870 888 777

59,190 462 437

59,190 462 482

85,236 562 613

85,236 562 534

123,000 962
1,221

123,000 962
1,147

72,896 612 584

72,896 612 610

104,362 962 688

104,362 962 666

116,302 862 747

116,302 862 732

99,735 912 868

99,735 912 850

112,620 962 663

112,620 962 713

-

-

-

-

-

-

Continued---

148

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

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

-
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

143,107 962
1,004
133,344 1,162 1,216
117,539 963 768
108,100 837 871
73,450 612 573
109,769 937 906
109,827 963 787
122,260 937 772
156,660 1,037 818
178,465 1,162 915
220,228 1,338 1,495
170,905 1,162 1,044
177,356 1,163 1,055
166,048 1,187 1,293
183,798 1,212 1,242
173,487 1,162 1,039

149

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

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
186,961 1,362 1,225
166,551 1,112 943
152,212 963 916
186,947 1,162 1,237
149,038 1,012 1,076
111,260 788 532
179,170 1,162 1,139
165,107 1,137 1,058
175,345 1,162 1,354
160,581 1,162 889
149,577 937 696
191,209 1,163 1,198
175,974 1,162 1,019
169,809 912 616
143,888 962 935
169,345 1,137 969

2017

2018

186,961 1,362 1,198

186,961 1,362 1,284

166,551 1,112 933

166,551 1,112 930

152,212 963 885

152,212 963 876

186,947 1,162 1,282

186,947 1,162 1,379

149,038 1,012 1,125

149,038 1,012 1,074

111,260 788 501

111,260 788 584

179,170 1,162 1,005

179,170 1,162 1,022

165,107 1,137 1,103

165,107 1,137 1,090

175,345 1,162 1,413

175,345 1,162 1,368

165,479 1,162 881

165,479 1,162 930

149,577 937 676

149,577 937 672

191,209 1,162 1,234

191,209 1,162 1,217

175,974 1,162 942

175,974 1,162 923

169,809 912 597

169,809 912 625

143,888 962 960

143,888 962 944

169,345 1,137 991

169,345 1,137 1,012

Continued---

150

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

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

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

157,435 1,137 939
330,289 1,912 1,704
374,180 2,638 2,731
337,584 2,587 2,165
319,000 1,962 2,395
321,068 2,013 1,451
319,000 1,987 2,001
310,950 2,112 2,145
504,107 2,362 2,289
406,817 2,787 2,762
328,000 2,062 1,973
319,768 1,788 2,438
336,955 1,912 1,957
388,425 2,612 1,796
297,400 2,062 1,643
373,256 2,312 2,603

151

COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS

School Name

2009

2010

Wheeler (1964)

Square Feet

318,504 318,504

Capacity

1,837

1,837

Enrollment

1,877

1,981

Oakwood (1944)

Square Feet

93,612

93,612

Capacity

520

462

Enrollment

192

156

Performance Learning Center (located at Oakwood)

Enrollment

58

47

Hawthorne (Haven) (1958) (c)

Square Feet

32,500

32,500

Capacity

312

312

Enrollment

158

160

Fitzhugh Lee (Haven) (1935)(c)

Square Feet

35,684

35,684

Capacity

312

312

Enrollment

-

-

Kennesaw Charter (d)

Enrollment

504

437

Mableton Charter (d)

Enrollment

595

472

International Academy of Smyrna (d)

Enrollment

438

580

Devereux Georgia (d)

Enrollment

115

105

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

Square Feet

-

-

Capacity

-

-

Enrollment

-

-

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
440,214 2,187 2,075
93,858 462 63
148
-
-
838
-
1,033
78
50,270 462 119

2017

2018

434,631 2,187 2,076

434,631 2,187 2,063

93,858 462 55

93,858 462 68

147

122

-

-

-

-

-

-

-

-

-

-

-

-

778

558

-

-

993

-

86

89

50,270

50,270

462

462

102

86

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

152

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 2009

2010

2011

Teachers' Salary Range

2012

2013

2014

2015

2016

Minimum Maximum Cobb Average

2017

2018

Fiscal Year
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Minimum

$

39,962

38,958

38,958

38,958

38,958

38,958

39,347

41,330

42,364

42,364

Maximum

$

84,204

82,088

82,088

82,088

82,088

82,088

82,908

87,087

89,264

89,264

Cobb Average

$

54,286

53,320

54,168

53,770

54,323

54,435

55,773

58,425

60,185

60,309

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

$

52,823

53,155

52,830

53,002

52,956

52,973

53,424

54,215

55,530

56,333

153

COBB COUNTY SCHOOL DISTRICT ADMINISTRATIVE SALARY SCHEDULE JUNE 30, 2018

$350,000 $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 $ 318,680
137,214 121,685
98,758 89,668 118,689 95,825 90,004

Maximum $ 318,680
158,386 133,218 115,059 121,685 133,218 123,443 124,083

154

COBB COUNTY SCHOOL DISTRICT SCHEDULE OF INSURANCE IN FORCE JUNE 30, 2018

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

Life Insurance and AD&D Dependent Life

The Hartford 402273 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 8/1/2017 8/1/2018 $7,500,000

N/A $20,799

6/1/1994 Ongoing $500,000 7/1/2017 7/1/2018 $500,000,000

N/A $482,061

8/1/2017 8/1/2018 Varies

Student/Parent Funded

5/1/2017 5/1/2018 $100,000

$350

8/1/2017 8/1/2018 $10,000

$3,990

N/A

N/A Statutory

10/1/2017 10/1/2018 $1,000,000

N/A $147,003

1/1/2018 12/31/2018 Benefit Schedule per salary

$1,300,553

1/1/2018 12/31/2018

14 Day Elimination Period. 66.67% of standard income up to $1,200 per week.

Employee pays $.219 per $10 of weekly benefit.

1/1/2018 1/1/2018
1/1/2018

60 Day Elimination Period. 66.67% of standard weekly income, up to $1,200 per week. 14 Day Elimination Period. 50% of standard weekly income, up to $1,200 per week. 60 Day Elimination Period. 50% ofstandard weekly income, up to $1,200 per week. 12/31/2018
12/31/2018 Coverage options: $10,000 or $25,000
12/31/2018 Employee can choose up to 7 times his/her annual earnings. (Max. $500,000)

Employee pays $.126 per $10 of weekley benefit.
Employee pays $.220 per $10 of weekly benefit.
Employee pays $.138 per $10 of weekly benefit.
The first $15,000 is paid by CCSD. (smokers and non-smokers) Employee pays $1.95 for $10,000 of coverage of child(ren) or $4.87 for $25,000 of coverage; Spousal coverage depends on the age of the spouse. Employee pays $0.152 per $1,000 of Supplemental Life coverage monthly.

Continued ---

155

COBB COUNTY SCHOOL DISTRICT

SCHEDULE OF INSURANCE IN FORCE
JUNE 30, 2018

Type of Coverage

Name of Company and Policy Number

Policy Period

From

To

Liability Limits

Annual Premium

Dental Insurance Plus Option

MetLife Dental 158287

Base Option

Critical Illness with Cancer Insurance

Voya 70174

1/1/2018 12/31/2018

Plus Plan provides preferred Employee pays $43.70 for single

rates with a maximum

coverage, $81.72 for employee plus

coverage of $1,000 per

one, or $133.28 for family coverage

participant per calendar monthly.

1/1/2018 12/31/2018 Base Plan has co-pays for Employee pays $16.70 for single

Preventative and Diagnostic coverage, $31.22 for employee plus

services with a maximum of one, or $53.48 for family coverage

$750 coverage per

monthly.

participant per calendar

year. 1/1/2018 12/31/2018 Based on Benefit Schedule Cost is determied based on age and

amount of coverage elected by

employee.

Vision Insurance Plus Plan

MetLife Vision 158287

Base Plan

Legal Insurance Accident Insurance

ARAG Group 17840-001
Voya 70174

Hospital Indemnity

Voya 70174

Whole Life

Unum R0710731

1/1/2018 12/31/2018 Based on Benefit Schedule Employee pays rates monthly

depending on chosen plan.

Single coverage is $6.58; coverage for

employee plus one family member is

$12.29, and family coverage is $18.26

each month.

Single coverage is $5.45; coverage for

employee plus one family member is

$10.19, and family coverage is $15.15

each month. 1/1/2018 12/31/2018 Based on Benefit Schedule Employee pays $13.52 for single

coverage or $16.88 for family

Coverage monthly.

1/1/2018 12/31/2018 Based on Benefit Schedule Employee pays monthly premium of

$7.59 self, $12.59 self and spouse,

$14.84 self and children, or $19.84

family.

1/1/2018 12/31/2018 Based on Benefit Schedule Employee pays monthly premium of

$9.54 self, $22.63 self and spouse,

$14.61 self and children, or $27.70

family.

1/1/2018 12/31/2018 Employee $15,000-

Cost based on smoker/non-smoker,

$100,000 Spouse $10,000- age, etc. This policy is Portable.

$25,000 Child $10,000-

Concluded.

Source: District Records

156

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 2009

2010

2011

2012

2013 Lunch

2014 Breakfast

2015

2016

2017

2018

(amounts expressed in thousands)

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

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

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

5,569 834
4,149 10,552
61
$2.25-$2.50

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

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

2,527 275 469
3,271 19
$1.25

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

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

8,096 1,109 4,618 13,823
80

157

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 2009

2010

2011

2012 2013

2014

2015

2016

Elementary Middle High

2017

2018

Fiscal Year

Elementary

Middle

High

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

2018

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.

Total 110 110 109 109 108 108 108 108 108 108

158

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 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Average Daily
Enrollment 106,256 106,835 106,868 106,944 108,240 109,752 111,264 112,308 112,821 111,723

Average Daily
Attendance 102,144 102,444 102,732 103,008 103,857 105,548 106,895 107,872 108,150 106,863

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

Number of Graduates
7,126 7,177 7,350 7,192 7,425 7,313 7,366 7,714 7,970 8,126

Graduate Percentage
N/A N/A N/A 76.00% 76.50% 78.20% 81.45% 83.80% 83.60% 85.20%

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

159

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 2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

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

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

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

2018

9,087

Source: District Records

8,028

8,171

8,458

8,614

8,919

8,597

8,550

8,675

9,698

8,933

7,753

7,999 111,482

160

COBB COUNTY SCHOOL DISTRICT CLASSROOM BUILDINGS, GRADE LEVELS AND ACREAGE JUNE 30, 2018

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
671 631 427 486 791 717 348 600 854 747
910 1,013 835 644 1,116 813 391 546 573 980 617 1,288 727 894 838 805 698 704 642 900 645 616 509 988 627 714 1,047 430 547 1,034 360 424 1,118 772 1,012 534 1,104 901 764 913 777 482 534 1,147 610 666 732 850 713 1,004 1,216

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

16.1

2017

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 61 61 40 60 52 63 61 57 30 36 61 39 61 53 58 61 61 73

Portable Classrooms
2 2 1 4 3 1 2 12 5 11 2 5 3 1 7 9 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 73,352 110,096 144,362 123,233 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
1,087 562 863 862 963 688 688 512 962 962 862 588 962 962 762 587 688 962 962 562 612 937 962 962 637 937 837 987 962 888 462 562 962 612 962 862 912 962 962
1,162

161

COBB COUNTY SCHOOL DISTRICT CLASSROOM BUILDINGS, GRADE LEVELS AND ACREAGE JUNE 30, 2018

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) Skyview (Haven) Kennesaw 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-12 K-6 1-12

Active Enrollment
768 871 573 906 787 772 818 915 1,495 1,044 1,055 1,293 1,242 1,039 1,284 930 876 1,379 1,074 584 1,022 1,090 1,368 930 672 1,217 923 625 944 1,012 939 1,704 2,731 2,165 2,395 1,451 2,001 2,145 2,289 2,762 1,973 2,438 1,957 1,796 1,643 2,603 2,063
68 122
86 558 89 111,482

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 70 100 136 130 101 104 102 108 127 143 106 94 98 134 106 138 112 43

6.2

1958

18

10.1

1957

30

2,944.6

7,177

Portable Classrooms
4 3 8 2 15 -
1
110

Square Footage
117,539 108,100
73,450 109,769 109,827 122,260 156,660 178,465 220,228 170,905 177,356 166,048 183,798 173,487 186,961 166,551 152,212 186,947 149,038 111,260 179,170 165,107 175,345 165,479 149,577 191,209 175,974 169,809 143,888 169,345 157,435 330,289 374,180 337,584 319,000 321,068 319,000 310,950 504,107 406,817 328,000 319,768 336,955 260,606 297,400 373,256 434,631
93,858
32,500 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 1,962 2,013 1,987 2,112 2,362 2,787 2,062 1,788 1,912 2,612 2,062 2,312 2,187 462
312 462

16,877,588

120,067

(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

162

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