Cobb County School District
Comprehensive Annual Financial Report
Fiscal Year Ended June 30, 2021
PREPARED BY: COBB COUNTY BOARD OF EDUCATION
FINANCIAL SERVICES DIVISION BRADLEY REUBEN JOHNSON, CHIEF FINANCIAL OFFICER
514 Glover Street Marietta, Georgia 30060
(This page was left blank intentionally)
COBB COUNTY SCHOOL DISTRICT COMPREHENSIVE ANNUAL FINANCIAL REPORT
TABLE OF CONTENTS FOR THE YEAR ENDED JUNE 30, 2021
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 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds
PAGE i-iv v vi vii viii ix x
1-4 5-17
18 19
20 21 22
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
Notes to the Basic Financial Statements
Required Supplementary Information
Combining and Individual Nonmajor Fund Financial Statements and Schedules:
Combining and Individual Nonmajor Fund Statements and Schedules Fund Descriptions
Combining Balance Sheet - Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Governmental Funds
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual (Non-GAAP Budgetary Basis) Annually Budgeted Nonmajor Governmental Funds
Internal Service Funds Fund Descriptions
Combining Statement of Fund Net Position - Internal Service Funds
Combining Statement of Revenues, Expenses, and Changes in Fund Net Position - Internal Service Funds
Combining Statement of Cash Flows - Internal Service Funds
Supplementary Schedules:
SPLOST IV - Special Purpose Local Option Sales Tax Projects
SPLOST V - Special Purpose Local Option Sales Tax Projects
PAGE
23
24 25 26 27 28-67 68-75
76-78 79-83 84-88
89-108 109 110 111 112
113-114 115-116
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, 2020 and Nine Years Ago Legal Debt Margin Information Last Ten Fiscal Years Legal Debt Margin Information Fiscal Year 2021 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
PAGE
117 118-119 120-121 122-123 124-125
126
127 128 129 130 131 132
133 134
135 136 137
138 139
140
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 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 141 142 143
144 145 146-153 154 155 156-157 158 159
160 161 162-163
One Team, One Goal: Student Success
514 Glover Street Marietta, GA 30060 Telephone: (770) 426-3300 www.cobbk12.org
April 19, 2022
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 of the Cobb County School District (District) for the fiscal year ended June 30, 2021. This report conforms to generally accepted accounting principles as applicable to governmental entities. The Financial Services Division prepared this report. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the District's administration and is presented for your careful review.
We believe the data, as presented, is accurate in all material aspects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the District as measured by the financial activity of its various funds; and that all disclosures necessary to enable the reader to gain the maximum understanding of the District's financial activity have been included. A comprehensive framework of internal control is in place to give reasonable assurance that the financial statements are free of any material misstatements. Because the cost of internal controls should not exceed anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements.
Readers of this report are encouraged to consider the information presented here in conjunction with additional information presented in the Management's Discussion and Analysis beginning on page five of this report. ____________________________________________________________________________________
PROFILE OF THE SCHOOL DISTRICT ____________________________________________________________________________________
Cobb County School District is one of two public school districts located in Cobb County, Georgia. The District serves the entire county area with the exception of the City of Marietta, which has its own independent school district. It provides a program of public education from kindergarten through grade twelve. The purpose and responsibility of the District is to provide a thorough and efficient educational system for the children enrolled in public schools within its boundaries whereby each child has access to programs and services that are appropriate to his or her educational needs.
The District is the second largest school system in Georgia and the 25th largest in the United States with an active daily enrollment of 106,983. 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
Randy Scamihorn, Chair David Banks, Vice Chair Jaha Howard Leroy Tre' Hutchins David Chastain Charisse Davis Brad Wheeler
Chris Ragsdale
a chairperson and vice-chairperson. The Board appoints a Superintendent to oversee the day-to-day administration of the School District.
Mr. Chris Ragsdale currently serves as the Superintendent of the Cobb County School District. Mr. Ragsdale also previously served as the Deputy Superintendent for Operations and as the Chief Technology Officer. During his tenure with the District, he has managed plant operations, provided oversight for the District's technology integration, and been responsible for planning and execution of capital projects approved by Cobb voters and funded by the Special Purpose Local Option Sales Tax. Mr. Ragsdale holds a Bachelor of Science in Information Systems and a Master's Degree in Educational Leadership, both from Kennesaw State University and is also the recipient of Kennesaw State University's Distinguished Alumni Award. He has more than two decades of experience in school operations and information technology in the public and private sectors, including roles as Chief Information Officer for nearby Paulding County Schools and in network and database management for Bellsouth (AT&T) and IBM.
The District prides itself on providing a quality educational experience to all our students, while efficiently managing our resources. Here are a few of the many accomplishments from the 2021 fiscal year:
The District average score on the SAT of 1150 was 73 points higher than the state average and 112 points higher than the national average.
The four-year graduation rate for Cobb high schools was 87.2% in 2021. Cobb exceeds the state graduation rate of 83.7% by 3.5 percentage points.
Another notable achievement was the recognition of the Cobb County School District as one of America's "Best-in-State Employers" by Forbes. The District was recognized first in 2019, again in 2020, and most recently in 2021. The District is ranked #22 and landed ahead of notable Georgia companies such as Georgia Pacific, Georgia Institute of Technology, WellStar Health System and Coca-Cola.
More details may be obtained through the District's Communications Department.
The District has reviewed its operating entity definition 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. While General Fund and Special Revenue Fund budgets are reported at the function level within individual funds, the level of budgetary control (that is, the level at which expenditures cannot legally exceed the appropriated amount) is at the fund level. In the event expenditures exceed appropriations in a function area, they must be offset by under-expenditures in other function areas within the same fund.
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____________________________________________________________________________________
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 2020 (most recent figures available), Cobb County continued its trend of a growing population, which increased from 697,277 in 2011 to 766,141 in 2020. The unemployment rate for 2020 was 5.9%. Student enrollment for the 2021 fiscal year was 106,983.
We are pleased by the positive increase in property values in fiscal year 2021 and expect this trend to continue into fiscal year 2022. In fiscal year 2021 the District's gross property digest increased by 5.4% over the 2020 fiscal year's digest as compared to an increase of 6.0% the previous year. This sustained increase in property valuations provides a stable and growing revenue source. ____________________________________________________________________________________
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 146-153, 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 most recently reaffirmed in 2020, should qualify the District for a competitive interest rate. ____________________________________________________________________________________
OTHER INFORMATION ____________________________________________________________________________________
New Educational Model: The Cobb County School District has now completed its fourth 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 Government 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. We have received the Meritorious Budget Award from ASBO every year since 2004. 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 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 Director, 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. Respectfull
Bradley Reuben Johnson Chief Financial Officer
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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, 2020
Executive Director/CEO
v
The Certificate of Excellence in Financial Reporting is presented to
Cobb County School District
for its Comprehensive Annual Financial Report (CAFR) for the Fiscal Year Ended June 30, 2020.
The CAFR meets the criteria established for ASBO International's Certificate of Excellence.
W. Edward Chabal President
David J. Lewis Executive Director
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COBB COUNTY SCHOOL DISTRICT
FUNCTION AND COMPOSITION JUNE 30, 2021
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 once 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, 2021, the members of the Board and years of expiration of their terms are as follows:
Title Chair Vice-Chair Board Member Board Member Board Member Board Member Board Member
Name Mr. Randy Scamihorn Mr. David Banks Mrs. Charisse Davis Dr. Jaha Howard Mr. Leroy Tre Hutchins Mr. David Chastain Mr. Randy Scamihorn
Term Expires December 31, 2024 December 31, 2024 December 31, 2022 December 31, 2022 December 31, 2024 December 31, 2022 December 31, 2024
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COBB COUNTY SCHOOL DISTRICT ELECTED OFFICIALS AND SUPERINTENDENT OF SCHOOLS
JUNE 30, 2021
RANDY SCAMIHORN
POST 1
9 Years Served
DR. JAHA HOWARD
POST 2
3 Years Served
LEROY TRE HUTCHINS
POST 3
1 Year Served
DAVID CHASTAIN
POST 4
7 Years Served
DAVID BANKS
POST 5 13 Years Served
CHARISSE DAVIS BRAD WHEELER CHRIS RAGSDALE
POST 6 3 Years Served
POST 7 9 Years Served
SUPERINTENDENT
viii
COBB COUNTY SCHOOL DISTRICT
SUPERINTENDENT'S EXECUTIVE CABINET JUNE 30, 2021
Chris Ragsdale
CCSD Superintendent
Dr. Kevin Daniel
Chief of Staff
John Floresta
Chief Strategy & Accountability Officer
Keeli Bowen
Chief Human Resources Officer
Sherri Hill
Chief School Leadership Officer
Bradley Reuben Johnson Chief Financial Officer
Jennifer Lawson
Chief Academic Officer
Marc Smith
Chief Technology & Operations Officer
ix
COBB COUNTY SCHOOL DISTRICT ORGANIZATIONAL CHART JUNE 30, 2021
Citizens of Cobb County
Board of Education
Board Attorney
Superintendent Chris Ragsdale
Chief of Staff Dr. Kevin Daniel
Chief School Leadership Off ice r
Sherri Hill
Chief Human Resources Officer
Keeli Bowen
Chief Financial
Off ice r
Bradley Reuben Johnson
Chief Academic Officer
Jennifer Lawson
Chief Technology & Operations Off ice r
Marc Smith
Chief Strategy & Accountability
Off ice r
John Floresta
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INDEPENDENT AUDITOR'S REPORT
To the Superintendent and Members of the Cobb County Board of Education Marietta, Georgia
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the Cobb County School District as of and for the year ended June 30, 2021, and the related notes to the financial statements, which collectively comprise the Cobb County School District'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 School District as of June 30, 2021, and the respective changes in financial position, and, where applicable, cash flows thereof and the budgetary comparison for the General Fund, for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis, Schedule of Proportionate Share of Net Pension Liability Teacher Retirement System of Georgia, Schedule of Contributions Teacher Retirement System of Georgia, Schedule of Proportionate Share of Net Pension Liability 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, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
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Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Cobb County School District's basic financial statements. The combining and individual nonmajor fund financial statements and schedules, the SPLOST IV schedule of expenditures of Special Purpose Local Option Sales Tax Projects, the SPLOST V schedule of expenditures of Special Purpose Local Option Sales Tax Projects and the introductory and statistical sections are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual nonmajor fund financial statements and schedules, the SPLOST IV schedule of expenditures of Special Purpose Local Option Sales Tax Projects, and the SPLOST V schedule of expenditures of Special Purpose Local Option Sales Tax Projects are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements and schedules, the SPLOST IV schedule of expenditures of Special Purpose Local Option Sales Tax Projects, and the SPLOST V 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.
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Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated April 19, 2022 on our consideration of the Cobb County School District '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 School District'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 School District's internal control over financial reporting and compliance.
Atlanta, Georgia April 19, 2022
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MANAGEMENT'S DISCUSSION
AND ANALYSIS
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2021
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, 2021. 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 2021 are as follows:
Total net position increased from $175.2 million in fiscal year 2020 to $230.1 million in fiscal year 2021, an increase of $54.9 million, primarily due to an increase in District cash from increased federal funding related to the pandemic, as well as favorable adjustments to actuarially estimated future long-term pension and postemployment costs.
Total revenue increased from $1,518.0 million in fiscal year 2020 to $1,586.2 million in fiscal year 2021, an increase of $68.2 million. The revenue increase was mainly from an increase in federal grant funding and from increased local property taxes due to higher property valuations.
Total expenses increased from $1,465.5 million in fiscal year 2020 to $1,531.4 million in fiscal year 2021, an increase of $65.9 million. The increase in expense was largely due to a 4.0% salary increase for all permanent employees.
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.
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2021
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 two categories: governmental funds and proprietary 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.
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2021 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 2020 and fiscal year 2021. In fiscal year 2021, the District's net position increased 31.3%, or $54.9 million, over the prior year. Significant reasons for this net increase were lower current year pension and post-employment benefit costs, compared to previously accrued costs. Favorable changes in actuarial assumptions also contributed to lower pension and post-employment benefit costs. Total current and other assets reflected a net increase of 20.1%, or $118.2 million, largely due to an increase in cash and receivables as a result of higher federal grant funding and increased property tax revenue due to an increase of 5.4% in the real property tax digest. Capital Assets increased by 2.0%, or $32.8 million, which was chiefly attributable to both new construction and 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.
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2021
Table I Condensed Statement of Net Postion (amounts expressed in millions)
2021 Net Position
(1,517.1)
705.5 581.7 270.9 204.7 119.9
1,702.1
2,283.5
1,627.3
(1,600.0) (1,200.0) (800.0) (400.0)
Current and Other Assets Deferred Outflows of Resources Other Liabilities Net Investment in Capital Assets Unrestricted
Governmental Activities
Assets: Current and Other Assets Capital Assets
Total Assets
Deferred Outflows of Resources
Liabilities: Long-Term Liabilities Other Liabilities
Total Liabilities
Deferred Inflows of Resources
Net Position: Net Investment in Capital Assets Restricted Unrestricted
Total Net Position
0.0
400.0 800.0 1,200.0 1,600.0 2,000.0
Capital Assets Long-Term Liabilities Deferred Inflows of Resources Restricted
Percentage
2020
2021
Change
$
587.3 $
705.5
20.1
1,669.3
1,702.1
2.0
2,256.6
2,407.6
6.7
387.3
581.7
50.2
$ 1,935.9 $ 281.3
2,217.2
251.5
2,283.5 270.9
2,554.4
204.7
18.0 (3.7) 15.2
(18.6)
$ 1,604.8 $ 1,627.3
3.0
101.3
119.9
(6.7)
(1,530.9)
(1,517.1)
0.8
$
175.2 $
230.1
31.3
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2021
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 2020 and fiscal year 2021. Revenues In fiscal year 2021, the District's total revenues increased 4.5%, or $68.2 million, over the prior year due primarily to increases in federal grant funding and increased property tax revenue.
Charges for services decreased by 62.5% or $42.2 million, primarily due to increased federal grant program funding that reduced or eliminated fees. One of the most notable examples was the provision of free student lunches and breakfasts, for all students, regardless of income, through federal grants, for the entire fiscal year.
Operating grants and contributions increased by 12.4%, or $85.6 million, largely due to an increase in federal grants in response to the pandemic, most notably Elementary and Secondary Emergency Relief (ESSER), and American Rescue Plan Act (ARPA).
Capital grants and contributions decreased by 91.3%, or $24.1 million, as we had substantially fewer completed school construction projects than in the prior fiscal year.
General property taxes increased 7.6%, or $55.3 million, mainly due to a 5.4% increase in the real property tax digest.
Interest income decreased 87.3%, or $4.8 million, due primarily to the sustained decline in market interest rates.
Other revenue decreased by 51.6%, or $1.6 million. This was primarily due fewer student field trips and reduced rental of school facilities, both due to the pandemic.
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2021 Expenses In fiscal year 2021, the District's total expenses increased 4.5%, or $54.8 million, due primarily to higher salary costs from the 4% raise.
Instruction increased by 6.1%, or $59.4 million, largely due to the 4% salary raise for all instructional personnel.
Pupil and instructional services decreased by 0.4%, as student enrollment decreased by 4.2%.
School and administrative services increased 0.8%, or $1.6 million. Student transportation decreased by 8.4%, or $5.3 million, as some drivers chose to
retire or resign due to the pandemic. Maintenance and operations increased by 32.9% or $29.7 million, due to higher
operating costs, such as higher fuel and utility costs, as well as increased cleaning costs related to the pandemic. Student activities decreased by 62.9% or $18.5 million, primarily resulting from the COVID19 pandemic, as field trips and other activities were cancelled.
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COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2021
Table II Changes in Net Position from Operating Results (amounts expressed in millions)
Program Revenues and Expenses - 2021
$1,500 $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 in Net Position Beginning Net Position Ending Net Position
2020 2021
2020
2021
Change 2020-2021
$
67.5 $
25.3
687.7
773.3
26.4
2.3
727.8 5.5 3.1
1,518.0
783.1 0.7 1.5
1,586.2
$
976.2 $ 1,035.6
106.8
106.4
198.7
200.3
63.0
57.7
90.3
120.0
29.4
10.9
1.1
0.5
1,465.5
1,531.4
$
52.5 $
54.8
122.8
175.3
$
175.3 $ 230.1
-62.5% 12.4% -91.3%
7.6% -87.3% -51.6%
4.5%
6.1% -0.4% 0.8% -8.4% 32.9% -62.9% -54.5% 4.5%
4.4% 42.8% 31.3%
11
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2021
Table III
Net Cost of Governmental Activities (amounts expressed in thousands)
$1,200,00 0 $1,000,00 0
1,035,625
Total and Net Costs - 2021
$800,000
$600,000 $400,000 330,752 $200,000
$0
43,170
63,289
17,412
60,683
200,280 152,009
57,665
120,068
118,320 50,791
33
10,818
466 466
Net Cost
Total Cost
Total Cost of Services
2020
2021
Change 2020-2021
Net Cost of Services
2020
2021
Change 2020-2021
I ns tructi on
$
Pupil Services
Instructional Services
School/Administrative Services
Student Transportation
Maintenance and Operations
Student Activities
Interest and Fiscal Charges
Total
$
976,197 47,402 59,389
198,713 62,984 90,260 29,450 1,084
1,465,479
$1,035,625 43,170 63,289
200,280 57,665
120,068 10,818 466
1,531,381
6.1% -8.9% 6.6% 0.8% -8.4% 33.0% -63.3% -57.0% 4.5%
$ 332,643 17,536 56,338
131,774 56,063 88,753 (211) 1,084
$ 683,980
$ 330,752 17,412 60,683
152,009 50,791
118,320 33
466 $ 730,466
-0.6% -0.7% 7.7% 15.4% -9.4% 33.3% -115.6% -57.0% 6.8%
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, 2021: Instruction, Pupil Services, Instructional Services, School and Administrative Services, Student Transportation, Maintenance and Operations, Student Activities, and Interest and Fiscal Charges.
12
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2021
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 2021 was $1,531.4 million. Users of the District's programs financed $25.3 million of the costs. Federal and State grants, subsidized programs and contributions funded $775.6 million of the costs. Lastly, District taxpayers financed the remaining costs of fiscal year 2021, which totaled $730.5 million.
The School District's Funds
The District ended fiscal year 2021 with a healthy fund balance in its governmental funds. The combined balance of all governmental funds, at $416.5 million, was 45.7% higher than 2020's ending balance of $285.8 million. The General Fund's fund balance increased by $126.2 million, or 56.2%, due primarily to increased federal funding and greater property tax revenue. SPLOST V, the District's primary capital improvement fund, had an ending fund balance of $28.8 million, which was 143,000% higher than 2020's ending balance of $0.2 million, due to increased capital investment in multiple school building improvement and construction projects, as well as technology projects, such as the purchase of additional student laptops for use during the pandemic. The System Wide/County-Wide Fund decreased its fund balance by 95.1% from the prior year, or $0.3 million, as most of its funds were transferred to SPLOST V, to partially fund the interest costs of a short-term note designed to accelerate the completion of SPLOST V projects. The nonmajor governmental fund balances decreased in the aggregate by $23.8 million, or 39.2%.
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, at $1.1 billion. The final amended budget for expenditures was only 1.9% greater in total than the original budget, with an amended final expenditure budget of $1.2 billion, with a forecasted decrease in Fund Balance of $53.6 million. Actual revenue exceeded budgeted revenue by $50.3 million, primarily from greater property tax revenue. Actual expenditures were $129.5 million less than budgeted. The net effect of these favorable variances totaled $179.8 million and resulted in a net increase to fund balance of $126.2 million.
13
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2021
General Fund Balance
The unassigned General Fund balance at June 30, 2021 was $184.6 million. This represents approximately 63 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 IV and V focus on revitalizing schools.
The SPLOST IV special sales tax began January 1, 2014 and ended on December 31, 2018. The SPLOST V special sales tax began January 1, 2019 and will end on December 31, 2023. The SPLOST IV fund had expenditures of $18.4 million and an ending fund balance of $9.4 million. SPLOST V had expenditures of $139.2 million and an ending fund balance of $28.8 million. A full listing of SPLOST IV and SPLOST V projects can be located on pages 113-114.
The System Wide/County-Wide Fund had no expenditures and an ending fund balance of $0.01 million.
Nonmajor Governmental Funds
The Nonmajor Governmental Funds, had aggregate expenditures of $258.3 million and aggregate fund balances of $36.9 million in fiscal year 2021. Within the Nonmajor Governmental Funds, the Funds with the highest expenditures in fiscal year 2021 were CARES ACT at $109.3 million, School Nutrition at $44.7 million, SPLOST IV at $18.4 million, Local School Funds at $10.8 million, Title I (of the Elementary and Secondary Education Act) at $21.4 million, Special Education at $22.5 million, and ARP at $6.1 million. Nonmajor Governmental Funds ending the year with the highest fund balances were SPLOST IV at $9.4 million, School Nutrition at $5.7 million, and Local School Funds at $11.8 million. The fund balance of Nonmajor Governmental Funds, in aggregate, decreased from $60.7 million in fiscal year 2020 to $36.9 million in fiscal year 2021, a decrease of $23.8 million. Descriptions of these funds can be located on pages 115-116.
14
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2021 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 2020 and fiscal year 2021. Capital assets increased 2.0% from $1,669.3 million in fiscal year 2020 to $1,702.0 million in fiscal year 2021, an increase of $32.7 million. Construction in Progress decreased by $66.0 million, or 29.0%. Land increased by $2.5 million, or 1.7%, as land was acquired for future school expansion. Buildings and Improvements increased by $102.7 million, or 8.7%. Furthermore, Library and Textbooks decreased by $1.0 million, or 6.3%. Equipment decreased by $3.8 million, or 3.9%. 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, 2021, the District had $14.9 million in outstanding long-term obligations for compensated absences, a net pension liability of $1,350.9 million, and other postemployment benefits of $909.5 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.
15
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2021
Table IV Capital Assets, Net of Depreciation (amounts expressed in thousands)
Equi pment 6%
Li bra ry Books and Te xtb o o ks 1%
La nd 8%
Cons truction in Progres s 10%
I n tangibles 0%
Bui ldings a nd I mp ro vements
75%
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
2020
2021 2020-2021
$ 141,010 $ 143,460
227,667
161,722
4,457 1,180,017
99,661
2,962 1,282,665
95,765
16,512
15,479
$ 1,669,324 $ 1,702,053
1.7% -29.0% -33.5%
8.7% -3.9% -6.3%
2.0%
16
COBB COUNTY SCHOOL DISTRICT Management's Discussion and Analysis
JUNE 30, 2021 Factors Bearing on the District's Future We are fortunate that the Cobb County School District has no issued long-term debt, allowing us to devote 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 remains 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, 514 Glover Street, Marietta, Georgia, 30060.
17
COBB COUNTY SCHOOL DISTRICT STATEMENT OF NET POSITION JUNE 30, 2021
(amounts expressed in thousands)
ASSETS: Cash and Cash Equivalents Investments Receivables (net of allowance for uncollectibles):
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 Payable Accrued Salaries and Benefits Notes Payable Accrued Interest Payable Unearned Revenue Noncurrent Liabilities:
Claims Payable, Due Within One Year Claims Payable, Due In More Than One Year Compensated Absences, Due Within One Year Compensated Absences, Due In More Than One Year Net Other Post-Employment Benefits (OPEB) Liability, Due In More Than One Year Net Pension Liability, Due In More Than One Year
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:
General Fund Bus Purchases Capital Projects School Nutrition Services Miscellaneous Grants GNETS Unrestricted (Deficit)
Total Net Position
See accompanying notes to the basic financial statements.
Governmental Activities
$
571,644
277
27,755 101,451
826 593 2,986
143,460 161,722
10,479 2,264,143
268,035 78,829
(1,224,615) 2,407,585
401,333 180,355 581,688
33,339 13
136,006 98,940 1,261 1,372
5,225 3,075 8,476 6,366 909,504 1,350,882 2,554,459
13,783 190,941
204,724
1,627,347
927
112,909
5,712
159
183 (1,517,147)
$
230,090
18
COBB COUNTY SCHOOL DISTRICT STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2021
(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
$ 1,035,625 43,170 63,289
200,280 57,665 120,068 10,818
466 $ 1,531,381
Program Revenues
Operating
Charges
Grants and
for Services Contributions
Capital Grants and Contributions
$
1,015 $ 701,888 $
-
25,714
-
2,519
11,774
36,304
-
6,874
1,748
-
10,785
-
-
-
$ 25,322 $ 773,299 $
1,970 44 87
193 -
2,294
Net (Expense) Revenue
and Changes in Net Position
$ (330,752) (17,412) (60,683) (152,009) (50,791) (118,320) (33) (466)
$ (730,466)
General Revenues: Taxes: Property Taxes Levied for General Purposes Sales Tax Interest Income
Other
$ 621,641 161,518 657 1,514
Total General Revenues
785,330
Change in Net Position
54,864
Net Position - Beginning of Year
175,226
Net Position - End of Year
$ 230,090
See accompanying notes to the basic financial statements.
19
COBB COUNTY SCHOOL DISTRICT BALANCE SHEET GOVERNMENTAL FUNDS
JUNE 30, 2021
(amounts expressed in thousands)
Assets:
Cash and Cash Equivalents Investments Receivables (net of allowance for uncollectables):
Taxes Intergovernmental Accounts Due from Other Funds Prepaids Inventories Total Assets
General
$ 381,648 -
12,380 82,666
790 8,158
522 712 $ 486,876
LIABILITIES,DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES :
Liabilities:
Intergovernmental
$
-
Accounts Payable
6,076
Accrued Payroll and Payroll Withholdings
54,328
Notes Payable
-
Accrued Employee Benefits
72,030
Accrued Interest Payable
-
Due to Other Funds Unearned Revenue
Total Liabilities
792 -
133,226
Special Purpose Local Option Sales Tax V
System Wide/ County-Wide
Building
Nonmajor
Total
Governmental Governmental
Funds
Funds
$ 86,646 $ -
51,133 $ 37,072 $ 556,499
-
277
277
15,375 1,439
$ 103,460 $
-
-
27,755
-
17,346
101,451
-
36
826
-
792
8,950
-
-
522
-
2,274
2,986
51,133 $ 57,797 $ 699,266
$
-$
25,563
-
47,820
-
1,261
-
74,644
-$
13 $
13
-
1,679
33,318
-
6,913
61,241
51,120
-
98,940
-
2,732
74,762
-
-
1,261
-
8,158
8,950
-
1,372
1,372
51,120
20,867
279,857
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
2,892
-
2,892
-
1,234 927 -
163,978 184,619 350,758
$ 486,876
28,816
28,816
$ 103,460 $
-
-
2,892
-
-
2,892
-
2,274
3,508
13
13,154
42,910
-
18,470
18,470
-
3,032
167,010
-
-
184,619
13
36,930
416,517
51,133 $ 57,797 $ 699,266
See accompanying notes to the basic financial statements.
20
COBB COUNTY SCHOOL DISTRICT RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION JUNE 30, 2021
(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 OPEB 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
$
416,517
$
2,926,668
(1,224,615)
1,702,053
(1,350,882) 401,333 (13,783)
(963,332)
(909,504) 180,355 (190,941)
(920,090) 2,892 6,892
(14,842)
$
230,090
See accompanying notes to the basic financial statements.
21
COBB COUNTY SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2021
(amounts expressed in thousands)
REVENUES: Taxes Intergovernmental Tuition and Fees Interest Income Rentals Athletic Ticket Sales Other
Total Revenues
General
$ 620,701 564,352 651 54 1,465
1,187,223
Special Purpose Local Option Sales Tax V
$
165,646
1,848
-
61
-
-
-
167,555
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
734,170 32,845 39,194 117,781 48,534 75,610 4,926
1,053,060
178 138,588
466 139,232
Excess (deficiency) of Revenues Over (Under) Expenditures
134,163
28,323
Other Financing Sources (Uses): Transfers-In Transfers-Out Proceeds from Sale of Capital Assets Total Other Financing Sources (Uses)
123
273
(8,332)
-
239
-
(7,970)
273
Net Change in Fund Balances
126,193
28,596
Fund Balances, Beginning of Year
224,565
220
Fund Balances, End of Year
$ 350,758 $
28,816
System Wide/ CountyWide
$
-
-
-
19
-
-
-
19
Nonmajor Governmental
Funds
$
-
209,083
13,949
31
-
1,893
1,516
226,472
Total Governmental
Funds
$
786,347
775,283
13,949
762
54
1,893
2,981
1,581,269
-
133,000
-
4,853
-
19,225
-
61,546
-
3,060
-
2,782
-
10,818
-
23,052
867,170 37,698 58,419
179,505 51,594 78,392 10,818
166,566
-
-
466
-
258,336
1,450,628
19
(31,864)
130,641
-
(273) -
(273)
9,187
(1,143) 5
8,049
9,583
(9,748) 244
79
(254) 267
(23,815) 60,745
130,720 285,797
$
13 $
36,930 $
416,517
See accompanying notes to the basic financial statements.
22
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, 2021
(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 Sales taxes
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
$ 130,720
$
151,094
(90,720)
60,374
(94,328)
(10,698)
940 (4,128) (27,645)
1,412
(1,783) $ 54,864
See accompanying notes to the basic financial statements.
23
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, 2021
(amounts expressed in thousands)
REVENUES: Local State Federal Other
Total Revenues
Budgeted Amounts
Original
Final
$
605,428 $ 604,471
524,460
525,417
7,132
7,132
260
260
1,137,280
1,137,280
Actual Amounts
$ 622,525 559,064 5,287 709
1,187,585
Variance With Final Budget
$
18,054
33,647
(1,845)
449
50,305
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services Instructional Staff Training Educational Media Services General Administration School Administration Business Services Maintenance and Operation of Plant Student Transportation Central Operations Other Support Services School Nutrition Program Community Service Operations Capital Outlay
Transfers
Total Expenditures
844,850 28,549 24,571 18,855 12,716 72,956 7,276 75,370 56,685 22,523 770 98 3,317
1,168,536
847,888 28,530 26,659 25 18,855 15,762 72,901 8,494 75,915 56,854 22,741 848 98 12,000 3,332
1,190,902
735,116 32,854 22,510 25 17,178 12,301 76,708 9,106 76,366 48,533 19,498 481 477 98 1,809 8,332
1,061,392
112,772 (4,324) 4,149 1,677 3,461 (3,807) (612) (451) 8,321 3,243 367 (477) 10,191 (5,000)
129,510
Net Change in Fund Balance
(31,256)
(53,622)
126,193
179,815
Fund Balance, Beginning of Year
224,565
224,565
224,565
-
Fund Balance, End of Year
$
193,309 $
170,943 $
350,758 $
179,815
See accompanying notes to the basic financial statements.
24
COBB COUNTY SCHOOL DISTRICT STATEMENT OF FUND NET POSITION PROPRIETARY FUNDS JUNE 30, 2021
(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
$
15,145
71
15,216
21 3,075
2 1 3,099
5,225
8,324
$
6,892
See accompanying notes to the basic financial statements.
25
COBB COUNTY SCHOOL DISTRICT STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITON PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2021
(amounts expressed in thousands)
OPERATING REVENUES: Charges for Services
Total Operating Revenues
Governmental Activities
Internal Service Funds
$
7,958
7,958
OPERATING EXPENSES: School and Administrative Services Capital Outlay
Total Operating Expenses
6,619 92
6,711
Net Operating Income
1,247
Transfer-In
165
Change in Net Position
1,412
Total Net Position, Beginning of Year
5,480
Total Net Position, End of Year
$
6,892
See accompanying notes to the basic financial statements.
26
COBB COUNTY SCHOOL DISTRICT STATEMENT OF CASH FLOWS PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2021
(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 Prepaid Items Decrease in Claims Payable Decrease in Accounts Payable Decrease in Accrued Payroll and Payroll Withholdings Total Adjustments
Net Cash Provided by Operating Activities
Governmental Activities
Internal Service Funds
$
7,958
(458)
(6,028)
(600)
872
165 165 1,037 14,108 15,145
$
1,247
(71) (289) (10)
(5) (375)
$
872
See accompanying notes to the basic financial statements.
27
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
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. 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, 2021
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. Separate statements for each category (governmental and proprietary) 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 V Fund (SPLOST V) 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 V 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, 2021
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
C. Basis of Accounting/Measurement Focus
The basis of accounting determines when transactions are reported on the financial statements. The District-wide governmental activities and proprietary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place.
Nonexchange transactions, in which the District gives (or receives) value without directly receiving (or giving) equal value in exchange, include property taxes, sales taxes, grants and donations. On an accrual basis, revenue from property taxes is recognized in the fiscal year for which the taxes are levied. Revenue from sales taxes is recognized in the fiscal year in which the underlying transaction (sale) takes place. Revenue from grants and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied.
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, 2021
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 August 1 through July 31. In accordance with the requirements of the enabling legislation of the QBE program, the State of Georgia reimburses the District over the same twelvemonth 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 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, 2021
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 bank money market accounts. All of the District's cash and cash equivalents, as of June 30, 2021, have a maturity date of less than three months. The District's investments, as of June 30, 2021, have a maturity date of less than twelve months and are as follows:
Investment
Certificate of deposit Certificate of deposit Certificate of deposit Certificate of deposit
Value at Maturity
$ 102,089 70,684 79,021 25,225
$ 277,019
Maturity Date
1/26/2022 1/19/2022 3/26/2022 3/26/2022
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, 2021
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, 2021 were as follows:
(amounts expressed in thousands)
Taxes Receivables Allowances Net Taxes Receivables
General Fund
$ 20,876 (8,496)
$ 12,380
Special Purpose
Local Option
Sales Tax V
$
15,375
-
$
15,375
Total
$ 36,251 (8,496)
$ 27,755
Federal Receivables State / Local Receivables Intergovernmental Receivables
General
Fund
$
-
82,666
$ 82,666
Special Purpose
Local Option
Sales Tax V
$
-
1,439
$
1,439
Nonmajor Governmental
$ 16,459 887
$ 17,346
Total
$ 16,459 84,992
$ 101,451
Accounts Receivable
General
Fund
$
790
Nonmajor
Governmental
$
36
Total
$
826
33
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
G. Property Taxes
The Cobb County Board of Commissioners fixed the property tax levy for the 2020 tax digest year (calendar year) in July 2020 (levy date) based on property values as of January 1, 2020. Taxes were due on October 15, 2020 (lien date). Taxes collected within the current fiscal year or within 60 days after year-end on the 2020 tax digest are reported as revenue in the governmental funds for fiscal year 2021. 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, 2021 totaled $620,701,000.
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 2020 tax year (calendar year) for the Cobb County School District were as follows (a mill equals $1 per thousand dollars of assessed value):
School Operations
18.90 mills
H. Sales Taxes
A one percent Special Purpose Local Option Sales Tax is to be used for capital outlay for educational purposes and debt service. The State will terminate collection of this tax once an additional $416,342,101 has been collected or on December 31, 2023, 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,
34
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
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.
For the fiscal year ended June 30, 2021, the tax abatement programs noted above abated property taxes due to the School District that were levied on January 1, 2020 and due on October 15, 2020 totaling $3,208,667. 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 Home Depot USA HighWoods Realty LP Greenstone Encore Center Empire Distributors, Inc.
% Abated 60 70 90
100
Amount of Taxes Abated
$
436,217
453,600
432,966
453,414
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.
35
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
K. Prepaid Items
Payments made to vendors for services that will benefit periods subsequent to June 30, 2021, 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.
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
$50,000
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.
36
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Governmental funds report unavailable revenues from one source: property taxes. These amounts are deferred and recognized as inflows of resources in the period that the amounts become available.
The District reports a deferred outflow of resources for employer contributions made to the pension and OPEB plans subsequent to the measurement date, as these will be recognized as a reduction to the District's net pension liability and net OPEB liability in the year ended June 30, 2022. The District also reports deferred outflows of resources and deferred inflows of resources for experience gains or losses, assumption changes, and for the change in the District's proportionate share based on actual contributions towards the pension and OPEB plans, which are amortized into pension and OPEB expense over the expected remaining service lives of plan members. Finally, the District reports deferred outflows of resources and deferred inflows of resources for the net difference between projected and actual earnings on pension and OPEB investments. These items will be amortized against pension and OPEB expense over a five year period.
N. Pensions
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Teachers Retirement System of Georgia (TRS) and additions to/deductions from TRS's fiduciary net position have been determined on the same basis as they are reported by TRS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the 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.
37
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
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.
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.
38
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
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.
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.
39
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
When an expenditure is incurred that qualifies for payment from either of the three unrestricted fund balance categories, it will be applied in the following order:
1) Committed 2) Assigned 3) Unassigned
Minimum Unassigned General Fund Balance The Board of Education will strive to maintain a minimum unassigned general fund balance, less encumbrances, equivalent to a range of 30 to 55 days of annual expenditures unless this is unfeasible due to circumstances beyond its control such as:
a) A substantial decrease in the county property tax digest b) A substantial decrease in State funding c) An unanticipated fiscal necessity
Schedule of Fund Balances
Fund Balances:
General Fund
Nonspendable: Inventory Prepaids
$ 712,000 522,000
Restricted for: Bus Replacement Capital Projects School Nutrition Miscellaneous Grants GNETS
927,000
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
Assigned to: Appropriation for Next Year's Budget Instruction Instructional Services School and Administrative Services Student Transportation Maintenance and Operations Capital Outlay Districtwide
51,796,000 73,788,000 1,678,000 5,763,000
469,000 808,000 29,676,000
Unassigned:
184,619,000
Total Fund Balance
$ 350,758,000
Special Purpose System
Local Option
Wide/
Sales Tax V Countywide
$ 28,816,000 $ 13,000
$ 28,816,000 $ 13,000
Nonmajor Governmental
Funds
$ 2,274,000
9,374,000 3,438,000
159,000 183,000 939,000 536,000 386,000 2,675,000 2,152,000 11,782,000
3,032,000
$ 36,930,000
Total
$ 2,986,000 522,000
927,000 38,203,000
3,438,000 159,000 183,000
939,000 536,000 386,000 2,675,000 2,152,000 11,782,000
51,796,000 73,788,000
1,678,000 5,763,000
469,000 808,000 29,676,000 3,032,000
184,619,000
$ 416,517,000
40
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
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.
While General Fund and Special Revenue Fund budgets are reported at the function level within individual funds, the level of budgetary control (that is, the level at which expenditures cannot legally exceed the appropriated amount) is at the fund level. In the event expenditures exceed appropriations in a function area, they must be offset by underexpenditures in other function areas within the same fund. 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, 2021.
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):
41
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 2. LEGAL COMPLIANCE BUDGETS (Continued)
For the year ended June 30, 2021, expenditures exceeded appropriations in several function areas within various funds. These over-expenditures were offset by under-expenditures 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:
Fund/Function
General Fund: Pupil Services School Administration Business Services Maintenance and Operation of Plant School Nutrition Transfers
After School Program: Pupil Services Business Services Maintenance and Operation of Plant
Miscellaneous Grants: Pupil Services
Special Education: Instruction General Administration
Homeless Grant: Federal Grant Administration
Title III: Instruction Instructional Staff Training
CARES Act Funding: Instructional Services Media Services Central Operations Transfers
Overexpenditure
$
4,324,000
3,807,000
612,000
451,000
477,000
5,000,000
1,000 4,000 97,000
1,000
1,361,000 2,000
1,000
75,000 134,000
6,000 2,000 7,105,000 1,020,000
42
COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2021
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 fair 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 45-813.1) the aggregate of the fair 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, 2021, a 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, 2021
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, 2021, the District had deposits with a carrying amount of $132,149,845 and a bank balance of $137,709,871. 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, 2021, the District's investments included $439,494,519 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 36 days. In addition, the District had $276,916 in certificates of deposit in various financial institutions. These certificates of deposits are reported as investments.
The District's investment in Georgia Fund 1, the State of Georgia Investment Pool, was rated AAAf by Standard & Poor's and AAAF/S1 by Fitch. 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, 2021
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 value as of year-end and the District's investment in the Georgia Fund 1 is reported at fair value. As of June 30, 2021, 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, 2021
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 fair 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, 2021
Note 5. CAPITAL ASSETS
The following is a summary of changes in the capital assets during the fiscal year, rounded
to the thousands:
Balance
Balance
June 30, 2020
Increas es
Decreas es
June 30, 2021
Governmental Activities
Capital Assets, Not Being Depreciated: Land Construction In Progress
$ 141,010,000 $ 2,450,000 $
- $ 143,460,000
227,667,000
121,107,000
(187,052,000)
161,722,000
Total Capital Assets Not Being Depreciated Capital Assets Being Depreciated:
Buildings and Improvements
368,677,000
123,557,000
(187,052,000)
305,182,000
2,110,716,000
187,103,000
(33,676,000)
2,264,143,000
Intangibles
10,479,000
-
-
10,479,000
Equipment
261,820,000
21,428,000
(15,213,000)
268,035,000
Library/Textbooks Total Capital Assets Being Depreciated
78,167,000 2,461,182,000
6,058,000 214,589,000
(5,396,000) (54,285,000)
78,829,000 2,621,486,000
Less Accumulated Depreciation for: Buildings and Improvements Intangibles
930,699,000 6,022,000
57,247,000 1,495,000
(6,468,000) -
981,478,000 7,517,000
Equipment
162,159,000
24,887,000
(14,776,000)
172,270,000
Library/Textbooks Total Accumulated Depreciation
61,655,000 1,160,535,000
7,091,000 90,720,000
(5,396,000) (26,640,000)
63,350,000 1,224,615,000
Total Capital Assets Being Depreciated Net
1,300,647,000
123,869,000
(27,645,000)
1,396,871,000
Governmental Capital Assets,Net
$ 1,669,324,000 $ 247,426,000 $ (214,697,000) $ 1,702,053,000
Current year depreciation expense by function for governmental activities is as follows:
In s tru ctio n Pupil Services School and Administrative Services Pupil Transportation Maintenance and Operations School Nutrition Services
$
79,250,000
2,127,000
1,155,000
4,860,000
3,217,000
111,000
$
90,720,000
47
COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2021
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 $8,158,000 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 $792,000 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, 2021 are disclosed in the following schedule, rounded to the thousands:
Governmental Funds: General Fund
Re ce ivable $ 8,158,000
Nonmajor Governmental Funds: Adult Education GNETS Title I Special Ed Federal Grant Vocational Education Title II Homeless Grant Title III Title IV Local Schools CARES Act ARP Total Nonmajor Governmental Funds
792,000 792,000
Total
$ 8,950,000
Payable
$ 792,000
280,000 407,000 1,497,000 3,708,000 156,000 270,000 11,000 305,000 174,000
79,000 1,271,000 8,158,000
$ 8,950,000
48
COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2021
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, 2021, consisted of the following, rounded to
the thousands:
Transfers Out:
Transfers In:
Amount
General Fund: General Fund General Fund General Fund General Fund General Fund General Fund Total General Fund
Facility Use / Public Safety Fund Tuition School / Adult High School Fund District Building Fund School Nutrition Unemployment Compensation After School Program
1,118,000 279,000
1,107,000 5,290,000
165,000 373,000 $ 8,332,000
Major Governmental Funds: System Wide/County-Wide Total Major Governmental Funds
Special Purpose Local Option Sales Tax V
273,000
$
273,000
Nonmajor Governmental Funds: Facility Use / Public Safety Fund CARES Act Total Nonmajor Governmental Funds
Total for All Funds
General Fund District Building Fund
123,000 1,020,000 $ 1,143,000
$ 9,748,000
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. The District has not had any significant reductions in insurance coverage from coverage in the prior year.
49
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 8. RISK MANAGEMENT (Continued)
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 1%.
Estimated claims for the next fiscal year total $3,075,000 and the non-current liability for succeeding years is $5,225,000. 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
2020 $
7,302,000 $ 4,645,000 $ (3,358,000) $ 8,589,000
2021 $
8,589,000 $ 2,337,000 $ (2,626,000) $ 8,300,000
Note 9. SHORT-TERM NOTES
In January 2021, the District issued $98,940,000 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 21, 2017. The short-term construction notes bear an interest rate of 1.5% with a maturity date of December 15, 2021. The District will repay the notes with proceeds from the local option sales tax collected in calendar year 2021. If the proceeds are not sufficient to pay the entire principal and interest on the notes, property taxes within the 20 mil limitation prescribed by law may be levied upon all taxable property within Cobb County and immediately due. The principal and interest payment on December 15, 2021, will total $100,246,833.
The following represents the activity related to short-term notes during fiscal year ended June 30, 2021.
Beginning Balance $ 99,260,000
Additions $ 98,940,000
Deletions $ (99,260,000)
Ending Balance $ 98,940,000
50
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
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.
Note 11. LONG-TERM OBLIGATIONS
Fiscal year 2021 long-term obligations are as follows:
Accrued Vacation Pay Net OPEB Liabilit y Net Pension Liabilit y Total
Balance 6/30/2020
Increases
Decreases
Balance 6/30/2021
Current Amounts Due Within One
Year
Long-term Amounts Due After One Year
$ 13,059,000 $ 9,241,000 $
7,458,000 $ 14,842,000 $
8,476,000 $ 6,366,000
$ 755,723,000 $ 191,797,000 $ 38,016,000 $ 909,504,000 $
- $ 909,504,000
$ 1,158,513,000 $ 350,488,000 $ $ 1,927,295,000 $ 551,526,000 $
158,119,000 $ 1,350,882,000 $ 203,593,000 $ 2,275,228,000 $
- $ 1,350,882,000 8,476,000 $ 2,266,752,000
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, 2021 was $1,941,484.
51
COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2021
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, 2021, included additions and renovations at two elementary school, four high schools and one central office location. As of June 30, 2021, the contract price and expenditures to date for the largest projects were as follows:
Project
Contract Price
Expenditures To Date
Additions/Modifications 514 Glover Street Additions/Modifications Campbell HS Additions/Modifications Pebblebrook HS New Replacement School Horizon HS Relocation New Replacement School Pearson MS New Replacement School Osborne HS
$ 26,353,216 41,762,076 53,386,763 7,275,059 42,424,306 58,537,670
$ 26,117,576 33,414,693 12,667,191 7,009,939 38,634,377 55,818,303
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, 2021, 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.
52
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
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.
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 19.06 percent of the covered payroll. The District's contributions to TRS for the year ended June 30, 2021 was $139,596,204.
53
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 14. RETIREMENT PLANS (Continued)
Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions
At June 30, 2021, 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
State of Georgia's proportionate share of the net pension liability associated with the District
Total
$ 1,350,882,416
312,731 $ 1,351,195,147
The net pension liability was measured as of June 30, 2020. The total pension liability used to calculate the net pension liability was based on an actuarial valuation as of June 30, 2019. An expected total pension liability as of June 30, 2020 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, 2020. At June 30, 2020, the District's proportion was 5.576648%, which was a increase of 0.188892% from its proportion measured as of June 30, 2019.
For the year ended June 30, 2021, the District recognized pension expense of $233,924,886 and revenue of $226,937 for support provided by the State of Georgia for certain support personnel. At June 30, 2021, the District reported deferred outflows of resources and deferred inflows of resources related to pensions from the sources on the following page.
54
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 14. RETIREMENT PLANS (Continued)
Differences between expected and actual experience
De fe rre d Outflows of Re s ource s
$ 58,831,350
De fe rre d Inflows of Re s ource s
$
-
Changes of Assumptions
139,142,442
-
Net difference between projected and actual
earnings on pension plan investments
32,536,228
-
Changes in proportion and differences between District contributions and proportionate share of contributions
31,226,417
13,783,486
District contributions subsequent to the measurement date
139,596,204
-
Total
$ 401,332,641 $ 13,783,486
District contributions subsequent to the measurement date of $139,596,204 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, 2022. 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: 2022 2023 2024 2025
Total
$ 50,012,873 77,424,790 84,188,148 36,327,140
$ 247,952,951
55
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 14. RETIREMENT PLANS (Continued)
Actuarial assumptions: The total pension liability as of June 30, 2020 was determined by an actuarial valuation as of June 30, 2019 using the following actuarial assumptions, applied to all periods included in the measurement:
Inflation Salary increases Investment rate of return
Post retirement benefit increases
2.50% 3.00-8.75%, average, including inflation 7.25%, net of pension plan investment expense including inflation 1.50% semi-annually
Post-retirement mortality rates for service retirements and beneficiaries were based on the Pub-2010 Teachers Headcount Weighted Below Median Healthy Retiree mortality table (ages set forward one year and adjusted 106%) with the MP-2019 Projection scale applied generationally. The rates of improvement were reduced by 20% for all years prior to the ultimate rate. Post-retirement mortality rates for disability retirements were based on the Pub-2010 Teachers Mortality Table for Disabled Retirees (ages set forward one year and adjusted 106%) with the MP-2019 Projection scale applied generationally. The rates of improvement were reduced by 20% for all years prior to the ultimate rate. The Pub-2010 Teachers Headcount Weighted Below Median Employee mortality table with ages set forward one year and adjusted 106% was used for death prior to retirement. Future improvement in mortality rates was assumed using the MP-2019 projection scale generationally. These rates of improvement were reduced by 20% for all years prior to the ultimate rate.
The actuarial assumptions used in the June 30, 2019 valuation were based on the results of an actuarial experience study for the period July 1, 2013 June 30, 2018, with the exception of the long-term assumed rate of return on assets (discount rate), which was 7.25%, and the assumed annual rate of inflation, which was 2.50%, effective with the June 30, 2019 valuation.
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.
56
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 14. RETIREMENT PLANS (Continued)
The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:
Asset class
Fixed income Domestic large equities Domestic small equities International developed market equities International emerging market equities
Total
Target allocation
30.00 % 51.00
1.50 12.40
5.10 100.00 %
Long-term expected real rate of return*
(0.10) 8.90 13.20 8.90 10.90
* Rates shown are net of the 2.50% assumed rate of inflation
Discount rate: The discount rate used to measure the total pension liability was 7.25%. 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 7.25%, 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 (6.25%) or one percentage point higher (8.25%) than the current rate:
1% Decrease (6.25%)
District's proportionate share of the net pension liability $ 2,142,177,036
Current discount rate
(7.25%)
$ 1,350,882,416
1 % Increase (8.25%)
$ 702,247,709
57
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 14. RETIREMENT PLANS (Continued)
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, 2021, the District reported a payable of $15,168,624 for the outstanding amount of contributions to the TRS pension plan required for the year ended June 30, 2021.
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.
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 $15.50, 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
58
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 14. RETIREMENT PLANS (Continued)
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, 2021 was $413,390 with an average number of participants of 779.
Pension Liabilities and Pension Expense
At June 30, 2021, 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
$11,801,984
The net pension liability was measured as of June 30, 2020. The total pension liability used to calculate the net pension liability was based on an actuarial valuation as of June 30, 2019. An expected total pension liability as of June 30, 2020 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, 2020.
For the year ended June 30, 2021, the District recognized pension expense of $2,374,964 and revenue of $2,374,964 for support provided by the State of Georgia.
59
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 14. RETIREMENT PLANS (Continued)
Actuarial assumptions: The total pension liability was determined by an actuarial valuation as of June 30, 2019, using the following actuarial assumptions, applied to all periods included in the measurement:
Inflation Salary increases Investment rate of return
Post retirement benefit increase
2.50% N/A 7.30%, net of pension plan investment expense, including inflation 1.50% semi-annually
Post-retirement mortality rates were based on 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) 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, 2019 valuation were based on the results of an actuarial experience study for the period July 1, 2009 June 30, 2014.
60
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
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 small equities International developed market equities International emerging market equities Alternatives
Total
30.00 % 46.20
1.30 12.40
5.10 5.00 100.00 %
(0.10) 8.90 13.20 8.90 10.90 12.00
* Net of inflation
Discount rate: The discount rate used to measure the total pension liability was 7.30%. 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.
Pension plan fiduciary net position: Detailed information about the pension plan's fiduciary net position is available in the separately issued PSERS financial report which is publicly available at www.ers.ga.gov/formspubs/.
61
COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2021
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 Annual Comprehensive Financial Report which is publicly available and can be obtained at https://sao.georgia.gov/statewide-reporting/acfr
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 $23,281,617 for the year ended June 30, 2021. Active employees are not required to contribute to the School OPEB Fund.
62
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
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
At June 30, 2021, the District reported a liability of $909,504,364 for its proportionate share of the net OPEB liability. The net OPEB liability was measured as of June 30, 2020. The total OPEB liability used to calculate the net OPEB liability was based on an actuarial valuation as of June 30, 2019. An expected total OPEB liability as of June 30, 2020 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, 2020. At June 30, 2020, the District's proportion was 6.192298%, which was a decrease of 0.034266% from its proportion measured as of June 30, 2019.
For the year ended June 30, 2021, the District recognized OPEB expense of $33,981,179. At June 30, 2021, the District reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:
Differences between expected and actual experience
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
$
-
150,411,822
$ 99,289,638 80,926,326
2,370,514
-
4,290,689
10,725,382
23,281,617 $ 180,354,642
$ 190,941,346
63
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 15. OTHER POST EMPLOYMENT BENEFITS (OPEB) (Continued)
District contributions subsequent to the measurement date of $23,281,617 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, 2022. 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: 2022 2023 2024 2025 2026 2027
$
(20,223,314)
(20,286,930)
(14,964,252)
863,981
15,032,980
5,709,214
$
(33,868,321)
Actuarial assumptions: The total OPEB liability as of June 30, 2020 was determined by an actuarial valuation as of June 30, 2019 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, 2020:
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 Pre-Medicare Eligible Medicare Eligible
2.50% 3.00 8.75%, including inflation 7.30%, compounded annually, net of investment expense, and including inflation
7.00% 5.25%
4.50% 4.50%
2029 2023
64
COBB COUNTY SCHOOL DISTRICT Notes to the Basic Financial Statements JUNE 30, 2021
Note 15. OTHER POST EMPLOYMENT BENEFITS (OPEB) (Continued)
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 Pub-2010 Teachers Headcount Weighted Below Median Healthy Retiree Mortality Table projected generationally with the MP-2019 projection scale (set forward one year and adjusted 106%) is used for death prior to retirement and for service retirements and beneficiaries. The Pub-2010 Teachers Mortality Table for Disabled Retirees projected generationally with the MP-2019 Projection scale (set forward one year and adjusted 106%) is used for disability retirements. For both, rates of improvement were reduced by 20% for all years prior to the ultimate rate.
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, 2019 valuation were based on the results of an actuarial experience study for the pension system, which covered the five-year period ending June 30, 2018, with the exception of the assumed annual rate of inflation which was changed from 2.75% to 2.5%, effective with the June 30, 2019 valuation.
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.
65
COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2021
Note 15. OTHER POST EMPLOYMENT BENEFITS (OPEB) (Continued)
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
Long-term expected real rate of return*
Fixed income Alternatives
Total
30.00 % 70.00 100.00 %
0.50 % 9.20
* Net of inflation
Discount rate: The discount rate has changed since the prior measurement date from 3.58% to 2.22%. In order to measure the total OPEB liability for the School OPEB Fund, a single equivalent interest rate of 2.22% 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 (2.21% per the Municipal 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 2118. 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 2026. Therefore, the calculated discount rate of 2.22% was applied to all periods of projected benefit payments to determine the total OPEB liability.
66
COBB COUNTY SCHOOL DISTRICT
Notes to the Basic Financial Statements JUNE 30, 2021
Note 15. OTHER POST EMPLOYMENT BENEFITS (OPEB) (Continued)
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 2.22%, 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 (1.22%) or 1-percentage-point higher (3.22%) than the current rate:
District's proportionate share of the net pension liability
1% Decrease (1.22%)
$ 1,068,517,580
Current Discount Rate
(2.22%)
$ 909,504,364
1 % Increase (3.22%)
$ 782,338,206
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, as well as 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 and 1-percentage-point higher than the current healthcare cost trend rates:
District's proportionate share of the net pension liability
1% Decrease
$ 757,253,806
Current Discount Rate
$ 909,504,364
1 % Increase
$ 1,106,624,614
OPEB plan fiduciary net position: Detailed information about the OPEB plan's fiduciary net position is available in the Annual Comprehensive Financial Report which is publicly available and can be obtained at https://sao.georgia.gov/statewide-reporting/acfr.
Note 16. SUBSEQUENT EVENT
On December 15, 2021, the District repaid the $98,940,000 revenue-anticipation Short-Term Construction Notes, Series 2021 issued January 2021. The principal and interest payment totaled $100,246,833.
On January 27, 2022, the Cobb County School District issued Short-Term Construction Notes, Series 2022, in the amount of $97,900.000. These revenue anticipation notes are payable from the proceeds of a 1% special purpose location options sales and use tax for educational purposes. The proceeds from the notes will be applied towards the current expenses of new construction and improving District facilities as voted by the District stakeholders in the Special Purpose Local Option Sales Tax referendum on March 21, 2017. These notes bear an interest rate of 3.0% with a maturity dates of December 15, 2022.
67
COBB COUNTY SCHOOL DISTRICT Required Supplementary Information JUNE 30, 2021
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
2021
2020
2019
2018
2017
2016
2015
5.577%
5.388%
5.366%
5.532%
5.578% 5.409% 5.327%
$ 1,350,882 $ 1,158,513 $ 996,094 $ 1,028,202 $1,150,755 $823,417 $673,042
313
220
249
694
1,761
1,497
1,082
$ 1,351,195 $ 1,158,733 $ 996,343 $ 1,028,896 $1,152,516 $824,914 $674,124
District's covered payroll during measurement period
District's proportionate share of the net pension liability as a percentage of its covered payroll
Plan fiduciary net position as a percentage of the total pension liability
718,988
187.89% 77.01%
657,526
638,999
635,179
612,318 570,929 544,177
176.19% 78.56%
155.88% 80.27%
161.88% 79.33%
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.
68
COBB COUNTY SCHOOL DISTRICT Required Supplementary Information JUNE 30, 2021
Schedule of Contributions Teacher Retirement System of Georgia Last 10 Fiscal Years (amounts expressed in thousands)
Contractually required contribution
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
$ 139,596 $ 151,994 $ 137,423 $ 107,389 $ 90,646 $ 87,340 75,145 66,741 63,011 58,156
Contributions in relation to the contractually required contribution
139,596
151,994
137,423
107,389
90,646
87,340 75,145 66,741 63,011 58,156
Contribution Deficiency
$
-$
-$
-$
-$
-$
- $- $- $- $-
District's covered payroll
$ 732,539 $ 718,988 $ 657,526 $ 638,999 $ 635,179 $ 612,318 570,929 544,177 551,528 564,936
Contributions as a percentage of covered payroll
19.06%
21.14%
20.90%
16.81% 14.27%
14.26% 13.16% 12.26% 11.42% 10.29%
Source: District Records. This schedule is presented to illustrate the requirement to show information for ten fiscal years.
69
COBB COUNTY SCHOOL DISTRICT Required Supplementary Information JUNE 30, 2021
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 RP2000 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).
On May 15,2019, the Board adopted recommended changes from the smoothed valuation interest rate methodology that has been in effect since June 30, 2009, to a constant interest rate method. In conjunction with the methodology, the long-term assumed rate of return in assets (discount rate) has been changed from 7.50% to 7.25%, and the assumed rate of inflation has been reduced from 2.75% to 2.50%.
In 2019 and later, the expectation of retired life mortality was changed to the 2010 Teachers Headcount Weighted Below Median Healthy Mortality Table from the RP-2000 Mortality Tables. In 2019, rates of withdrawal, retirment, 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 experience.
70
COBB COUNTY SCHOOL DISTRICT
Required Supplementary Information JUNE 30, 2021
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
2021
2020
2019
2018
2017
2016
2015
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
$
-$
-$
-$
-$
-$
-$ -
11,802 $ 11,802
10,813 $ 10,813
9,992 $ 9,992
9,300
12,322
8,097 7,321
$ 9,300 $ 12,322 $ 8,097 $ 7,321
District's covered-employee payroll during measurement period
$ 44,711 $ 43,669 $ 39,077 $ 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 84.45%
N/A 85.02%
N/A 85.26%
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.
71
COBB COUNTY SCHOOL DISTRICT
Required Supplementary Information JUNE 30, 2021
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 RP2000 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). On March 15, 2018, the Board adopted a new funding policy. Because of this new funding policy, the assumed investment rate of return was reduced from 7.50% to 7.40% for June 30, 2017 actuarial valuation. In addition, based on the Board's new funding policy, the assumed investment rate of return was further reduced by 0.10% from 7.40% to 7.30% as of the June 30, 2018 measurement date.
72
COBB COUNTY SCHOOL DISTRICT
Required Supplementary Information JUNE 30, 2021
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
2021 6.192298%
2020 6.158032%
2019 6.189471%
2018 6.259222%
$ 909,504,364 $ 909,504,364
$ 755,722,646 $ 755,722,646
$ 786,662,770 $ 786,662,770
$ 879,418,172 $ 879,418,172
District's covered-employee payroll
$ 637,114,654 $ 575,518,845 $ 555,635,744 $ 548,725,520
District's proportionate share of the net OPEB liability as a percentage of its covered-employee payroll
142.75%
131.31%
141.58%
160.27%
Plan fiduciary net position as a percentage of the total OPEB liability
3.99%
4.63%
2.93%
1.61%
Note: Schedule is intended to show information for the last ten fiscal years. Additional years will be displayed as they become available.
73
COBB COUNTY SCHOOL DISTRICT
Required Supplementary Information JUNE 30, 2021
Schedule of Contributions - School OPEB Fund For the Year Ended June 30
Contractually required contributions
2021
2020
2019
2018
$ 23,281,617 $ 20,940,906 $ 33,165,263 $ 32,079,432
Contributions in relation to the contractually required contributions $ 23,281,617
Contribution deficiency (excess)
$
-
$ 20,940,906
$
-
$ 33,165,263 $ 32,079,432
$
-$
-
District's covered-employee payroll
$ 652,236,841 $ 637,114,654 $ 575,518,845 $ 555,635,744
Contributions as a percentage of covered-employee payroll
3.57%
3.29%
5.76%
5.77%
Note: Schedule is intended to show information for the last ten fiscal years. Additional years will be displayed as they become available.
74
COBB COUNTY SCHOOL DISTRICT Required Supplementary Information JUNE 30, 2021
Notes to Required Supplementary Information For the Year Ended June 30 School OPEB Fund Changes of benefit terms: There have been no changes in benefit terms.
Changes in assumptions: In the June 30, 2019 valuation, decremental assumptions were changed to reflect the Teacher Retirement Systems experience study. The June 30,2017 actuarial valuation was revised, for various factors, including the methodology used to determine how employees and retirees were assigned to each of the OPEB Funds annd anticipated participation percentages. Current and former employees of State organizations (including technical colleges, community service boards and public health departments) are now assigned to the State OPEB fund based on their last employer payroll location irrespective of retirement affiliation. The discount rate was updated from 3.07% as of June 30, 2016 to 3.58% as of June 30, 2017 to 3.87% as of June 30, 2018, and back to 3.58% as of June 30, 2019. 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.
75
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 Tuition School/Adult High School Miscellaneous Grants
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.
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.
76
School Nutrition/FNS Catered Food Service
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. The FNS Catered Food Service fund is established to offer additional revenue and staff training.
Pre-Kindergarten (Lottery)
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.
Adult Education
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.
GNETS
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 reports a restricted fund balance due to an MOU with other metro school districts.
Title I
Special Education Vocational Education
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.
Title II
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.
Homeless Grant USDA Fruits and Vegetables Title III
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.
77
Title IV CARES ACT ARP
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 relief to government organizations that been hit hard by the effects of COVID-19.
This fund is established to respond to the COVID-19 pandemic and support local, state and Tribal goverments in their efforts to contain COVID-19 within their communities and help with the negative impact on the economy.
Local School Funds
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. Beginning in fiscal year 2020, Student activity funds are reported in this fund.
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 District Building Fund and the Special Purpose Local Option Sales Tax IV Fund.
78
COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2021
(amounts expressed in thousands)
ASSETS:
Cash and Cash Equivalents Investments Intergovernmental Receivable Accounts Receivable Due From Other Funds Inventories
Total Assets
LIABILITIES AND FUND BALANCES:
Liabilities: Accounts Payable Accrued Payroll and Payroll Withholdings Intergovernmental Payable Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities
Fund Balances: Nonspendable Restricted Committed Assigned
Total Fund Balances Total Liabilities and Fund Balances
Special Revenue
Donations
Facility Use/ Public
Safety
After School Program
Performing Arts/ Art Career and Cultural
$
940 $
561 $ 2,181 $
386
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$
940 $
561 $ 2,181 $
386
$
1$
20 $
27 $
-
-
5
2
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1
25
29
-
-
-
-
-
-
-
-
-
939
536
2,152
386
-
-
-
-
939
536
2,152
386
$ 940 $ 561 $ 2,181 $
386
79
Tuition School/ Adult High School
Misc. Grants
Special Revenue
School
Nutrition/
FNS Catered
PRE K
Food Service
Lottery
Adult Education
GNETS
$ 3,015 $ -
$ 3,015 $
178 $ 5,579 $
-
-
1
555
-
34
-
-
-
2,274
179 $ 8,442 $
7$
-$
-
-
-
-
-
329
898
-
-
-
-
-
-
-
-
-
7$
329 $
898
$
1$
-$
77 $
311
-
399
-
-
-
28
-
902
-
-
-
-
20
1,352
340
20
2,730
2,675 2,675
$ 3,015 $
-
2,274
159
3,438
-
-
-
-
159
5,712
179 $ 8,442 $
-$
-$
58
6
37
170
-
-
-
1
12
80
-
280
407
-
-
-
7
329
715
-
7$
-
-
-
183
-
-
-
-
-
183
329 $ 898
Continued---
80
COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2021
(amounts expressed in thousands)
ASSETS:
Cash and Cash Equivalents Investments Intergovernmental Receivable Accounts Receivable Due From Other Funds Inventories
Total Assets
LIABILITIES AND FUND BALANCES:
Liabilities: Accounts Payable Accrued Payroll and Payroll Withholdings Intergovernmental Payable Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities
Fund Balances: Nonspendable Restricted Committed Assigned Total Fund Balances
Total Liabilities and Fund Balances
Special Revenue
Title I
Special Education
Vocational Education
Title II
$
-$
-$
-$
-
-
-
-
-
2,549
5,203
156
584
-
-
-
-
-
-
-
-
-
-
-
-
$ 2,549 $ 5,203 $
156 $
584
$
-$
-$
-$
4
754
1,000
-
271
-
-
-
-
298
495
-
39
1,497
3,708
156
270
-
-
-
-
2,549
5,203
156
584
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$ 2,549 $ 5,203 $
156 $
584
81
Homeless Grant
USDA Fruits and Vegetables
Special Revenue
Title III
Title IV
CARES ACT
ARP
$
-$
-$
-$
-$
-$
-
-
-
-
-
-
-
12
-
375
444
87
6,124
-
1
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$
12 $
1$
375 $
444 $
87 $ 6,124
$
-$
1$
1$
250 $
6 $ 110
1
-
53
17
2
3,885
-
-
-
-
-
-
-
-
16
3
-
858
11
-
305
174
79
1,271
-
-
-
-
-
-
12
1
375
444
87
6,124
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$
12 $
1$
375 $
444 $
87 $ 6,124
Continued---
82
COBB COUNTY SCHOOL DISTRICT COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS JUNE 30, 2021
(amounts expressed in thousands)
ASSETS:
Cash and Cash Equivalents Investments Intergovernmental Receivable Accounts Receivable Due From Other Funds Inventories
Total Assets
LIABILITIES AND FUND BALANCES:
Liabilities: Accounts Payable Accrued Payroll and Payroll Withholdings Intergovernmental Payable Accrued Employee Benefits Due to Other Funds Unearned Revenue Total Liabilities
Fund Balances: Nonspendable Restricted Committed Assigned
Total Fund Balances Total Liabilities and Fund Balances
Special Revenue
Local School Funds
Capital Projects
Special Purpose
District
Local Option
Building
Sales Tax IV
Fund
Total
$ 10,712 $ 277 1 792 -
$ 11,782 $
10,475 $
29 -
10,504 $
3,038 $
3,038 $
37,072 277
17,346 36 792
2,274
57,797
$
-$
-
-
-
-
11,782 11,782
$ 11,782 $
1,117 $
13
1,130
6$
6
1,679
6,913 13
2,732 8,158 1,372 20,867
9,374
9,374
10,504 $
3,032 3,032
3,038 $
2,274 13,154 18,470 3,032 36,930
57,797
Concluded.
83
(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, 2021
(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
$
-$
-$
-$
-
-
481
2,109
-
-
-
-
-
-
-
-
-
747
-
-
-
747
481
2,109
-
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)
49
-
1,025
-
8
-
1
-
23
-
-
-
67
286
3,506
-
1
-
-
-
26
1,707
97
-
-
-
-
-
-
-
4
-
174
1,993
4,633
-
573
(1,512)
(2,524)
-
-
1,118
373
-
-
(123)
-
-
-
-
-
-
-
995
373
-
Net Change in Fund Balances Fund Balances, Beginning of Year
573
(517)
(2,151)
-
366
1,053
4,303
386
Fund Balances, End of Year
$ 939 $ 536 $ 2,152 $
386
84
Tuition School/ Adult High School
Misc. Grants
Special Revenue
School Nutrition/ FNS Catered PRE K Food Service Lottery
Adult Education
GNETS
$
-$
1,021
-
-
1,021
102 $ 35,298 $
-
1,446
-
2
-
-
212
65
314
36,811
108 $ 1,128 $ 4,136
-
-
-
-
-
-
-
-
-
-
-
84
108
1,128
4,220
662
89
-
8
119
-
-
108
607
3,452
-
-
-
644
-
-
-
203
169
32
44,676
-
492
38
-
-
-
-
-
-
-
-
-
-
23
6
-
-
-
-
-
-
-
76
65
-
6
-
950
205
44,741
108
1,128
4,343
71
109
(7,930)
279 -
279
350
2,325
$ 2,675 $
-
5,290
-
-
-
5
-
5,295
109
(2,635)
50
8,347
159 $ 5,712 $
-
-
-
-$
-
(123)
-
-
-
-
-
-
-
-
-
(123)
-
306
- $ 183
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, 2021
(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 Education
Vocational Education
Title II
$ 21,400 $ 22,471 $
-
-
-
-
-
-
-
-
21,400
22,471
915 $ 2,520
-
-
-
-
-
-
-
-
915
2,520
10,935 1,705 8,189
568 3 -
21,400
11,470 1,279 6,785
1,311 1,626
22,471
595
-
-
-
13
2,093
15
383
-
-
-
-
-
-
292
44
915
2,520
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$
-$
-$
-$
-
86
Special Revenue
Homeless Grant
USDA Fruit and Vegetables
Title III
Title IV
CARES ACT
ARP
$
117 $
133 $ 1,853 $ 2,118 $ 110,319 $ 6,124
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
117
133
1,853
2,118
110,319
6,124
24
-
611
1,099
97,261
5,013
8
-
115
587
326
172
59
-
954
224
563
-
3
133
-
90
9,274
503
23
-
-
7
966
434
-
-
-
12
909
2
-
-
-
-
-
-
-
-
173
99
-
-
117
133
1,853
2,118
109,299
6,124
-
-
-
-
1,020
-
-
-
-
-
-
-
-
-
-
-
(1,020)
-
-
-
-
-
-
-
-
-
-
-
(1,020)
-
-
-
-
-
-
-
-
-
-
-
-
-
$
-$
-$
-$
-$
-$
-
Continued---
87
COBB COUNTY SCHOOL DISTRICT
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE NONMAJOR GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2021
(amounts expressed in thousands)
REVENUES: Intergovernmental Tuition and Fees Interest Income Athletic Ticket Sales Other
Total Revenues
Special Revenue
Capital Projects
Local School Funds
Special Purpose Local Option Sales Tax IV
District Building
Fund
Total
$
-$
8,892
3
1,893 -
10,788
154 $ -
23 -
177
187 $ 209,083
-
13,949
3
31
-
1,893
408
1,516
598
226,472
EXPENDITURES: Current:
Instruction Pupil Services Instructional Services School and Administrative
Services Student Transportation Maintenance and Operation of Plant Student Activities Capital Outlay
Total Expenditures
-
10,818 10,818
-
18,436 18,436
-
3,857 3,857
133,000 4,853
19,225
61,546 3,060 2,782 10,818 23,052 258,336
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)
(30)
(18,259)
(3,259)
(31,864)
-
-
2,127
9,187
-
-
-
(1,143)
-
-
-
5
-
-
2,127
8,049
Net Change in Fund Balances Fund Balances, Beginning of Year
(30) 11,812
(18,259) 27,633
(1,132) 4,164
(23,815) 60,745
Fund Balances, End of Year
$ 11,782 $
9,374 $
3,032 $ 36,930
Concluded.
88
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, 2021
(amounts expressed in thousands)
REVENUES: Local
Total Revenues
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services General Administration School Administration Maintenance and Operation of Plant Student Transportation Business Services Central Operations Other Support Services Community Services Operations
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
747 $
747 $
747 $
-
747
747
747
-
212
212
52
52
80
80
4
4
2
2
40
40
8
8
4
4
680
680
30
30
1
1
49
163
8
44
23
57
-
4
1
1
25
15
1
7
1
3
66
614
-
30
-
1
1,113
1,113
174
939
Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year
(366)
(366)
573
939
366
366
366
-
$
-$
-$
939 $
939
89
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, 2021
(amounts expressed in thousands)
REVENUES: Local Other
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
1,531 $
1,531 $
481 $
(1,050)
1,118
1,118
1,118
-
2,649
2,649
1,599
(1,050)
EXPENDITURES:
Maintenance and Operation of Plant
1,925
1,925
1,707
218
Community Service Operations
601
601
286
315
Transfers
123
123
123
-
Total Expenditures
2,649
2,649
2,116
533
Net Change in Fund Balance Fund Balance, Beginning of Year
1,053
1,053
(517) 1,053
Fund Balance, End of Year
$
1,053 $
1,053 $
536 $
(517) -
(517)
90
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, 2021
(amounts expressed in thousands)
REVENUES: Local Other
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
9,995 $
9,998 $
2,109 $
(7,889)
-
-
373
373
9,995
9,998
2,482
(7,516)
EXPENDITURES: Instruction Pupil Services Business Services Maintenance and Operation of Plant Community Service Operations
Total Expenditures
1,359 -
8,636 9,995
1,359 -
8,659 10,018
1,025 1 4
97 3,506 4,633
334 (1) (4)
(97) 5,153 5,385
Net Change in Fund Balance Fund Balance, Beginning of Year
4,303
(20) 4,303
(2,151) 4,303
(2,131) -
Fund Balance, End of Year
$
4,303 $
4,283 $
2,152 $
(2,131)
91
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, 2021
(amounts expressed in thousands)
REVENUES: Local
Total Revenues
EXPENDITURES: Instruction
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
423 $
423 $
423
423
-$ -
(423) (423)
423
423
423
423
-
423
-
423
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
386
386
386
-
Fund Balance, End of Year
$
386 $
386 $
386 $
-
92
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, 2021
(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 Community Services Operations
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
1,421 $
1,421 $
1,021 $
279
279
279
1,700
1,700
1,300
(400) -
(400)
1,294
1,294
662
632
145
145
119
26
8
8
-
8
23
23
-
23
1
1
-
1
229
229
169
60
1,700
1,700
950
750
Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year
-
-
350
350
2,325
2,325
2,325
-
$
2,325 $
2,325 $
2,675 $
350
93
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, 2021
(amounts expressed in thousands)
REVENUES: Local State Other Sources
Total Revenues
EXPENDITURES: Instruction Pupil Services Instructional Staff Training General Administration
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
60 $
90 $
120 $
30
82
174
102
(72)
17
92
92
-
159
356
314
(42)
60
182
89
93
82
82
83
(1)
-
50
1
49
17
42
32
10
159
356
205
151
Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year
-
-
109
109
50
50
50
-
$
50 $
50 $
159 $
109
94
COBB COUNTY SCHOOL DISTRICT SCHOOL NUTRITION/FNS CATERED FOOD SERVICE-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, 2021
(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
$
22,211 $
22,211 $
1,463 $ (20,748)
1,350
1,350
1,355
5
36,004
36,004
33,942
(2,062)
40
40
5,346
5,306
59,605
59,605
42,106
(17,499)
60,625 60,625
60,625 60,625
44,741 44,741
15,884 15,884
Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year
(1,020) 8,347
(1,020) 8,347
(2,635) 8,347
$
7,327 $
7,327 $
5,712 $
(1,615) -
(1,615)
95
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, 2021
(amounts expressed in thousands)
REVENUES: State Federal
Total Revenues
EXPENDITURES: Instruction
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
101 $
106 $
106 $
-
-
2
2
-
101
108
108
-
101
108
108
-
101
108
108
-
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
96
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, 2021
(amounts expressed in thousands)
REVENUES: State Federal
Total Revenues
EXPENDITURES: Instruction Improvement of Instructional Services Maintenance of Plant Services Community Services Operations
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
487 $
438 $
429 $
(9)
711
773
699
(74)
1,198
1,211
1,128
(83)
683
678
607
71
-
508
498
10
30
25
23
2
485
-
-
-
1,198
1,211
1,128
83
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
97
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, 2021
(amounts expressed in thousands)
REVENUES: State Federal Other
Total Revenues
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services General Administration School Administration Maintenance and Operation of Plant Student Transportation
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
4,834 $
4,085 $
3,654 $
415
580
482
114
114
84
5,363
4,779
4,220
(431) (98) (30)
(559)
4,031
3,926
3,452
474
796
708
644
64
298
225
203
22
53
38
36
2
168
3
2
1
1
9
6
3
16
1
-
1
5,363
4,910
4,343
567
Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year
-
(131)
(123)
8
306
306
306
-
$
306 $
175 $
183 $
8
98
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, 2021
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services Instructional Staff Training Federal Grant Administration General Administration Student Transportation
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
19,758 $
25,608 $
21,400 $
19,758
25,608
21,400
(4,208) (4,208)
7,580 2,003
169 8,679
701 517 109 19,758
13,083 2,019 477 8,425 810 676 118
25,608
10,935 1,705 221 7,400 568 568 3
21,400
2,148 314 256
1,025 242 108 115
4,208
Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year
-
-
-
-
-
-
-
-
$
-$
-$
-$
-
99
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, 2021
(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
$
21,147 $
22,526 $
22,471 $
(55)
21,147
22,526
22,471
(55)
9,778 1,822 6,289 1,264 1,994 21,147
10,109 1,984 7,281 1,309 1,843
22,526
11,470 1,279 6,785 1,311 1,626
22,471
(1,361) 705 496 (2) 217 55
Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year
-
-
-
-
-
-
-
-
$
-$
-$
-$
-
100
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, 2021
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
EXPENDITURES: Instructional Improvement of Instructional Services Instructional Staff Training Federal Grant Administration General Administration
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
734 $
915 $
915 $
-
734
915
915
-
690
887
887
-
23
-
-
-
-
4
4
-
9
9
9
-
12
15
15
-
734
915
915
-
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
101
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, 2021
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
EXPENDITURES: Improvement of Instructional Services Instructional Staff Training General Administration Federal Grant Administration Support Services - Central
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
2,348 $
2,998 $
2,520 $
2,348
2,998
2,520
(478) (478)
3
-
-
-
1,781
2,429
2,038
391
65
79
67
12
116
112
99
13
383
378
316
62
2,348
2,998
2,520
478
Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year
-
-
-
-
-
-
-
-
$
-$
-$
-$
-
102
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, 2021
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
EXPENDITURES: Instructional Pupil Services Federal Grant Administration General Administration Student Transportation
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
81 $
134 $
117 $
(17)
81
134
117
(17)
2
26
24
2
9
22
8
14
40
58
59
(1)
2
4
3
1
28
24
23
1
81
134
117
17
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
103
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, 2021
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
EXPENDITURES: School Nutrition
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
150 $
156 $
133 $
(23)
150
156
133
(23)
150
156
133
23
150
156
133
23
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
104
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, 2021
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services Instructional Staff Training Federal Grant Administration
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
1,366 $
2,074 $
1,853 $
1,366
2,074
1,853
(221) (221)
274 313 560 193
26 1,366
543 343 992 179
17 2,074
618 281 630 313
11 1,853
(75) 62 362 (134)
6 221
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
105
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, 2021
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
2,332 $
3,531 $
2,118 $
(1,413)
2,332
3,531
2,118
(1,413)
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services Instructional Staff Training Federal Grant Administration General Administration School Administration Business Support Services Maintenance and Operation of Plant Student Transportation Other Support Service
Total Expenditures
746 748 224 356
78 71 26 30 4 33 16 2,332
1,728 722 183 547 87 91 17 28 18 89 21
3,531
1,131 623 50 136 69 50 20 12 7 20
2,118
597 99 133 411 18 41 17
8 6 82 1 1,413
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
106
COBB COUNTY SCHOOL DISTRICT
CARES ACT FUNDING-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, 2021
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
EXPENDITURES: Instruction Pupil Services Improvement of Instructional Services Instructional Staff Training Media Services Federal Grant Administration General Administration School Administration Business Services Maintenance amd Operation of Plant Student Transportation Central Operations School Nutrition Community Service Operations Transfers
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
16,038 $ 102,819 $ 110,319 $
16,038
102,819
110,319
7,500 7,500
16,038 -
16,038
97,744 394 222 116 214 6 45 912 60 922 976 109 862 237 -
102,819
97,261 326 228 113 216 6 43 910 60 909 966
7,214 852 195
1,020 110,319
483 68 (6) 3 (2) 2 2 13 10
(7,105) 10 42
(1,020) (7,500)
Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year
-
-
-
-
-
-
-
-
$
-$
-$
-$
-
107
COBB COUNTY SCHOOL DISTRICT AMERICAN RESCUE PLAN ACT (ARPA)-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, 2021
(amounts expressed in thousands)
REVENUES: Federal
Total Revenues
EXPENDITURES: Instructional Pupil Services Improvement of Instruction Services Instructional Staff Training School Administration Maintenance and Operation of Plant Student Transporation School Nutrition Community Service Operations Capital Outlay
Total Expenditures
Budgeted Amounts
Original
Final
Actual Amounts
Variance With Final Budget
$
- $ 104,391 $
6,124 $
(98,267)
-
104,391
6,124
(98,267)
-
90,080
-
743
-
477
-
500
-
388
-
3,548
-
1,212
-
6,141
-
383
-
919
-
104,391
5,013 172 261 2 434 97 145 -
6,124
85,067 571 477 500 127
3,546 778
6,044 238 919
98,267
Net Change in Fund Balance
-
-
-
-
Fund Balance, Beginning of Year
-
-
-
-
Fund Balance, End of Year
$
-$
-$
-$
-
108
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.
109
COBB COUNTY SCHOOL DISTRICT COMBINING STATEMENT OF FUND NET POSITION INTERNAL SERVICE FUNDS JUNE 30, 2021
(amounts expressed in thousands)
Assets:
Unemployment Compensation
Fund
SelfInsurance
Fund
Total
Current Assets: Cash Prepaids
Total Current Assets
$
6$
15,139 $
15,145
-
71
71
6
15,210
15,216
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
$
-
21
21
-
3,075
3,075
-
2
2
-
1
1
-
3,099
3,099
-
5,225
5,225
-
8,324
8,324
6$
6,886 $
6,892
110
COBB COUNTY SCHOOL DISTRICT
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION
INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2021
(amounts expressed in thousands)
OPERATING REVENUES: Charges for Services
Total Revenues
Unemployment Compensation
Fund
SelfInsurance
Fund
Total
$
277 $
7,681 $
7,958
277
7,681
7,958
OPERATING EXPENSES: School and Administrative Services Capital Outlay
Total Expenditures
1,102 -
1,102
5,517 92
5,609
6,619 92
6,711
Operating Income (Loss)
(825)
2,072
1,247
Transfers-In
165
-
165
Change in Net Position
(660)
2,072
1,412
Total Net Position, Beginning of Year
666
4,814
5,480
Total Net Position, End of Year
$
6$
6,886 $
6,892
111
COBB COUNTY SCHOOL DISTRICT STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2021
(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 Prepaid Items Decrease in Claims Payable Decrease in Accounts Payable Decrease in Accrued Payroll and Payroll Withholdings Total Adjustments
Net Cash Provided by Operating Activities
Unemployment Compensation
Fund
SelfInsurance
Fund
Total
$
277 $
-
(1,102)
-
7,681 $ (458) (4,926) (600)
7,958 (458) (6,028) (600)
(825)
1,697
872
165
-
165
165 (660) 666
6
1,697 13,442 15,139
165 1,037 14,108 15,145
$
(825) $
2,072 $
1,247
-
$
(825) $
(71) (289) (10)
(5) (375)
1,697 $
(71) (289) (10)
(5) (375)
872
112
(This page was left blank intentionally)
COBB COUNTY SCHOOL DISTRICT SPLOST 4 - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2021
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
CHALKER ES
CHEATHAM HILL ES
CLARKDALE REPLACEMENT ES
CLAY ES
COBB INNOVATION & TECHNOLOGY (CITA)
CLAY-HARMONY LELAND REPLACEMENT 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
FITZHUGH LEE
FLOYD MS
FORD ES
FREY ES
GARRETT MS
GARRISON MILL ES
GREEN ACRES ES
GRIFFIN MS
HARMONY LELAND ES
HARRISON HS
HAVEN @ HAWTHORNE
HAVEN @ SKY VIEW
HAWTHORNE ADMINISTRATION
HAYES ES
HENDRICKS ES
HIGHTOWER TRAIL MS
HILLGROVE HS
HOLLYDALE ES
HORIZON HS
KEHELEY ES
KELL HS
KEMP ES
KENNESAW ES
KENNESAW MOUNTAIN HS
KENNESAW WAREHOUSE
KINCAID ES
KING SPRINGS ES
KING SPRINGS PRIMARY (K-1)
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 29,884,400
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 2,519,268 580,902 788,445 386,339 1,418,099 613,703 327,289 2,908,159 1,479,566 5,500,000 3,816,562 361,762 85,000
Revised Budget
Expended Inception through 06/30/21
1,204,833 $ 1,177,241
391,451 2,413,325
741,436 782,958 1,253,017 1,670,014
35,767 1,246,038
1,324,168 1,009,399 1,320,052 1,455,680 1,088,836 1,171,834 26,696,949 1,314,638 1,449,133 19,045,001 7,994,556 1,032,128 2,631,872 1,067,676
891,947 23,117,361
10,083 1,240,952 1,404,321 1,561,013 1,115,659 1,572,964 3,759,079 1,457,821 1,088,930 1,342,113 1,068,188 38,254,258 1,291,403
997,013 1,304,837
11,667 1,263,064 1,428,413 2,697,732 1,248,875 1,186,469 2,228,881 3,217,273
955,474 28,264,969
20,828 919,134 247,876 5,794,447 1,851,806 3,822,081 3,164,201 1,124,043 907,870 1,084,827 2,609,364 1,356,292 1,024,718 2,977,615 13,995,260 1,004,550 1,298,367 143,964
1,204,827 1,177,235
388,894 2,413,320
740,654 770,441 1,245,299 1,670,006
35,767 1,236,891
1,324,129 1,009,393 1,320,043 1,455,672 1,088,831 1,171,829 26,696,939 1,314,633 1,438,478 19,044,984 7,969,486 1,032,124 2,526,545 1,067,671
891,941 23,108,091
10,083 1,240,947 1,404,317 1,561,007 1,115,652 1,543,861 3,759,074 1,457,816 1,088,926 1,295,610 1,068,185 38,254,250 1,291,396
988,403 1,304,833
11,667 1,223,553 1,428,405 2,697,728 1,215,997 1,186,464 2,196,298 3,172,379
955,469 28,264,957
20,827 919,073 247,875 5,794,440 1,851,802 3,787,226 3,164,192 1,124,036 907,865 1,084,820 2,606,457 1,304,183 1,024,713 2,977,608 13,990,109 1,003,620 1,296,923 143,963
Expended FY21
Encumbered as of 06/30/21
$ 17,446 9,137 935 3,237 12,512 (97,138) 25,040 119,532 1,178,914 (105,321) 4,762,776 23,167 (74,460) 22,217 21,869 2,327 8,076 (23,885) 85,023 1,857 4,038 811 23,333 56,926 17,470 70,567 -
-
768 12,512
7,711 -
9,137 -
29,052 -
915 -
1,343 52,094
-
Uncommitted
6 6 2,557 5 14 5 7 8 10 39 6 9 8 5 5 10 5 10,655 17 25,070 4 6 5 6 9,270 5 4 6 7 51 5 5 4 46,503 3 8 7 7,695 4 39,511 8 4 32,878 5 13 44,894 5 12 1 61 1 7 4 34,855 9 7 5 7 1,564 15 5 7 5,151 930 1,444 1
113
COBB COUNTY SCHOOL DISTRICT SPLOST 4 - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2021
LOCATION/DESCRIPTION
LABELLE ES LASSITER HS LEWIS ES LINDLEY 6TH GRADE ACADEMY LINDLEY MS LOST MOUNTAIN MS LOVINGGOOD MS MABLETON 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 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 EARLY LEARNING CENTER 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 484 GLOVER STREET 514 GLOVER STREET 538 GLOVER STREET 560 GLOVER STREET 580 GLOVER STREET 590 COMMERCE PARK 650 SOUTH COBB DR
Approved
Budget
160,393 13,447,646 3,396,001
876,943 848,625 7,079,609 32,079 96,236 938,206
32,079 2,413,932 8,737,474 64,157 3,744,478 2,695,904 23,330,216 319,277 2,306,880 2,258,194 23,328,254 756,708 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 3,383,412 201,887,135 5,049,770 4,749,141
534,845 3,490,899
320,873 600,441 1,493,167 39,946,400 22,124,756 500,000
500,000
-
TOTAL PROJECT EXPENDITURES
$
717,844,707
Revised Budget
1,116,802 20,354,496 1,761,698
923,688 1,287,028 8,972,351 1,545,137 1,366,940 2,077,175
37,876 45,831 14,682 683,196 2,346,744 1,447,791 11,237,407 784,870 1,311,961 735,376 31,763,588 1,118,729 904,266 1,808,678 29,057,729 1,341,767 2,629,149 65,245,633 1,373,878 5,589,560 1,107,379 1,010,276
1,207,570 27,212,035 28,263,447
2,030,819 627,715
1,414,430 903,144 908,886 53,012
1,042,636 1,126,503 1,622,646 1,446,514 1,572,272 1,152,957 1,835,570
815,473 4,840,354
150,941 13,508,106 2,686,141 1,186,500 12,354,163 1,252,625 5,563,354
965,971 1,583,932 1,699,292 1,064,506 1,008,363 95,170,745 28,428,671 12,432,088
55,000 10,527,767
54,702 140,425 167,886 41,391 330,194
$716,296,431
Expended Inception through 06/30/21
1,116,795 20,313,487 1,711,690
894,354 1,287,024 8,972,347 1,545,133 1,366,933 2,077,169
37,874 45,831 14,682 683,054 2,346,740 1,447,787 11,178,784 784,864 1,311,930 735,372 31,763,583 1,118,724 904,261 1,806,389 29,057,718 1,341,762 2,629,142 61,865,393 1,373,868 5,580,262 1,097,374 1,010,270
1,207,565 27,212,034 28,254,822
2,030,808 627,684
1,414,427 903,138 908,881 52,639
1,042,633 1,126,494 1,622,645 1,446,508 1,572,265 1,152,951 1,835,566
814,066 1,613,648
140,762 13,507,469 2,686,135 1,186,497 9,454,820 1,252,620 5,563,346
965,965 1,583,920 1,694,998 1,064,496 1,008,360 95,169,574 28,360,530 10,543,821
54,360 10,448,090
54,701 138,870 167,884 41,391 330,192
$704,009,303
Expended FY21
449 42,514 6,785 18,843
5,052 37,471 2,307 26,286 55,218 9,986,268 3,325 12,808 972 15,080 39,627 2,085 12,114 48,302 132,521 8,606 13,280 5,002 2,718 3,326 302 15,209 150,606 279,349 26,054 1,143,486 1,447 225
18,000
$18,282,043
Encumbered as of 06/30/21
43,139 58,598 732 2,319,568 -
127,680 4,264 6,060 30,843 -
$2,704,416
Uncommitted
7 41,009 6,869 29,334
4 4 4 7 6 2 142 4 4 25 6 31 4 5 5 5 1,557 11 5 7 1,060,672 10 9,298 10,005 6
5 1 8,625 11 31 3 6 5 373 3 9 1 6 7 6 4 1,407 3,099,026 10,179 637 6 3 2,899,343 5 8 6 12 30 10 3 1,171 62,081 1,888,267 640 32,808 1 1,555 2 2
$9,428,795
114
COBB COUNTY SCHOOL DISTRICT SPLOST 5 - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2021
LOCATION/DESCRIPTION
Approved Budget
Revised Budget
Expended Inception through 06/30/21
Expended FY21
Encumbered as of 6/30/21
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 REPLACEMENT ES BRYANT ES BULLARD ES CAMPBELL HS CAMPBELL MS CHALKER ES CHEATHAM HILL ES CITY VIEW ES CLARKDALE ES CLAY ES CLAY-HARMONY LELAND REPLACEMENT ES COBB INNOVATION & TECHNOLOGY COMPTON ES COOPER MS DANIELL MS DAVIS ES DICKERSON MS DODGEN MS DOWELL ES DUE WEST ES DURHAM MS EAST COBB REPLACEMENT MS EAST SIDE REPLACEMENT ES EASTVALLEY ES EASTVALLEY REPLACEMENT ES FAIR OAKS ES FLOYD MS FORD ES FREY ES GARRETT MS GARRISON MILL ES GREEN ACRES ES GRIFFIN MS HARRISON HS HAVEN @ SKY VIEW HAYES ES HENDRICKS ES HIGHTOWER TRAIL MS HILLGROVE HS HOLLYDALE ES HORIZON HS HORIZON RELOCATION HS INTERNATIONAL WELCOME CENTER KEHELEY ES KELL HS KEMP ES KENNESAW MOUNTAIN HS KENNESAW ES KENNESAW WAREHOUSE KINCAID ES KING SPRINGS ES
-
777,384
-
4,938,553
-
39,766
-
2,132,903
-
674,768
-
495,072
-
1,204,821
-
769,117
-
-
-
902,647
-
316,532
-
645,769
-
955,668
-
1,023,486
-
1,542,751
-
323,293
-
4,442,064
-
971,136
-
48,826,991
-
6,464,814
-
754,200
-
969,274
-
926,651
-
361,993
-
149,233
-
32,359,923
-
-
-
594,434
-
1,628,305
-
947,286
-
645,206
-
1,516,850
-
1,042,678
-
4,044,367
-
1,110,596
-
964,016
-
475,450
-
1,066,354
-
603,540
-
38,053,816
-
782,427
-
893,144
-
726,958
-
1,021,449
-
813,311
-
645,743
-
328,375
-
3,112,818
-
2,977,218
-
144,472
-
2,029,605
-
690,911
-
919,474
-
8,717,600
-
849,909
-
171,838
-
9,560,813
-
62,607
-
914,374
-
1,999,973
-
861,667
-
2,264,447
-
740,723
-
7,266,703
-
1,054,306
-
260,910
769,835 3,866,392
39,766 1,954,659
482,363 465,486 791,091 747,194
869,678 285,565 210,154 613,361 739,585 658,311 299,152 915,841 850,089 36,171,293 4,623,073 706,426 943,430 790,025 346,282 149,231 32,343,748
333,112 1,393,868 899,217 636,451 999,773 1,014,087 1,319,253 313,249 945,058 387,132 1,040,043 559,305 363,264 757,093 861,186 701,800 1,014,240 794,273 622,322 310,353 2,989,194 2,823,673 141,578 832,776 660,044 898,246 2,204,340 831,629 168,775 8,573,624
50,499 886,814 1,809,107 853,575 2,047,389 733,237 3,707,665 1,006,525 253,649
33,822 2,765,027
39,766 89,262 56,639 22,576 119,863 63,617
53,809 29,657 24,058 32,154 26,731 22,251 46,643 127,108 103,200 28,191,700 2,118,198 22,042 35,938 54,047 46,091
6,803 816,550
94,758 151,679 86,455 36,443 140,913 93,124 335,621 32,121 105,110 71,235 158,370 22,678 363,264 25,710 79,672 26,730 273,050 69,577 45,839 24,324 750,897 1,070,191
824 82,394 21,072 113,123 258,281 159,396 4,640 2,667,836 50,499 85,764 723,174 63,045 126,870 44,650 974,422 70,027 28,748
682,300
37,598 9,913 3,052 118,960
4,410 6,532 24,634 19,351 14,304 24,853 72,747 9,007,096 1,288,453 13,884 17,907 8,366 13,411 19,472 534 4,410 3,019 100,530 42,100 11,944 3,426 30,349 1,532,292 3,544 9,840 11,944 22,981 48,466 22,687 238,180 425,843 1,282 1,887 50,322 664 67,283 255,213 -
7,549 389,861
140,646 182,492 26,534 294,770 21,923
28,559 24,435 410,981 322,956 269,597 859,587 24,141 3,453,476 121,047 3,648,602 553,288 47,774 11,960 118,719 7,345
2 16,175
247,911 234,437 28,597
8,221 512,667 25,572 2,624,584 755,247 18,958
76,374 22,885 13,886 36,158,260 25,334 28,414 25,158 7,209 9,198 23,421 18,022 111,680 130,564
2,894 1,148,363
8,180 21,228 6,275,080 18,280 3,063 561,346 10,826 25,673 140,544 7,428 149,775
7,486 3,303,825
47,781 7,261
115
COBB COUNTY SCHOOL DISTRICT SPLOST 5 - SPECIAL PURPOSE LOCAL OPTION SALES TAX PROJECTS FISCAL YEAR 2021
LOCATION/DESCRIPTION
KING SPRINGS PRIMARY (K-1) KING SPRINGS REPLACEMEMT ES LABELLE ES LASSITER HS LEWIS ES LINDLEY 6TH GRADE ACADEMY LINDLEY MS LOST MOUNTAIN MS LOVINGGOOD MS MABLETON ES MABRY MS MAINTENANCE FACILITY ARGO ROAD MARS HILL ROAD BUS SHOP MCCALL PRIMARY MCCLESKEY MS MCCLURE MS MCEACHERN HS MILFORD ES MOUNT BETHEL ES MOUNTAIN VIEW ES MURDOCK ES NICHOLSON ES NICKAJACK ES NORTH COBB HS NORTON PARK ES OSBORNE HS OSBORNE REPLACEMENT HS PALMER MS PEARSON MS PEBBLEBROOK HS PICKETT'S MILL ES PINE MOUNTAIN MS PITNER ES PITTS TRANSPORTATION CENTER POPE HS POWDER SPRINGS ES POWERS FERRY ES RIVERSIDE ES 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 EARLY LEARNING CENTER SOUTH COBB HS SPRAYBERRY HS STILL ES SYSTEMWIDE SYSTEMWIDE UNALLOCATED TAPP MS TEASLEY ES TIMBER RIDGE ES TRITT ES VARNER ES VAUGHN ES WALTON REPLACEMENT HS WHEELER HS 440 GLOVER STREET 484 GLOVER STREET 514 GLOVER STREET 538 GLOVER STREET 560 GLOVER STREET 580 GLOVER STREET 650 SOUTH COBB DR TOTAL PROJECT EXPENDITURES EXPENDITURES FUNDED BY TRANSFERS ***FUND TOTAL***
Approved Budget
Revised Budget
Expended Inception through 06/30/21
Expended FY21
Encumbered as of 6/30/21
Uncommitted
797,022,000 -
82,226 41,104,810
3,729,954 3,147,283 3,150,637 1,190,300 1,696,838 1,396,161 5,579,625
465,913 997,457 36,049
485,798 808,824 1,077,649 2,808,336 1,169,707 1,495,841 394,420 894,361 583,826 535,615 2,825,021 764,170 1,292,277 15,431,742 1,737,833 46,690,258 63,814,337 781,685 779,369 434,739 6,795,939 2,651,491 564,307 479,960 910,744 681,660
808,896 784,757
783,860 721,735 896,286 1,246,182 960,099 1,024,570 570,624 2,496,524 24,393,066 416,311 41,914,404 210,638,391 1,952,698 754,512 578,488 492,837 919,065 774,298 10,464,900 3,111,603 1,833,676 16,032,575 36,975,817
7,600 19,613 507,969
82,226 40,375,100
2,010,726 3,035,381
273,486 1,175,961 1,449,824
983,637 1,066,176
452,669 980,588 35,235
478,099 784,415 1,042,645 2,267,267 530,631 891,387 371,596 876,558 557,012 505,869 2,625,713 742,097 1,145,789 1,263,852 1,717,842 39,790,825 16,699,039 756,372 758,615 412,615 1,127,313 2,043,872 548,093 464,845 838,277 670,579
801,556 776,063
377,362 711,431 880,919 1,200,179 909,646 1,012,939 570,622 2,304,159 3,476,769 395,683 11,058,778
971,240 735,886 543,665 273,403 796,767 759,475 6,932,092 2,342,415 832,997 15,351,457 32,761,163
11,613 392,633
8,189,052
974,656 951,488 22,852 131,992 262,151 80,795 101,040 47,940 137,381
20,727 85,361 142,330 654,227 23,357 217,173 30,235 45,537 20,597 34,800 815,510 25,456 89,872 1,037,561 184,758 38,055,189 9,666,463 23,376 158,621 135,025 218,215 919,288 74,487 20,862 84,164 30,649 31,154 41,287 26,140 46,964 82,987 414,164 113,355 50,934 95,135 90,687 676,064 41,360 4,098,190 133,016 39,508 31,034 44,439 24,064 34,570 3,265,117 225,397 9,520,024 9,279,163 239,531
31,127 364,261 15,011 133,116 10,658 19,524 16,249 205,054 4,609 12,570
11,939 7,954 31,818 84,300 10,449 1,040 65,341 36,749 196,890 4,410 6,288,188 40,742,594 3,544 5,481,661 14,201 6,418 571 1,235 8,389 23,917 25,277 362,124 55,421 190,236 109,628 14,236 235,640 7,527 7,933 6,313
698,583 1,354,967 96,891 2,744,035
3,681 227,490 396,275 4,308,395
8,635 4,299
814 -
7,699 12,470 27,050 509,251 554,776 594,005 22,824 17,803 26,814 28,706 133,967 22,073 109,739 13,971,000 15,581 611,245 6,372,704 25,313 17,210 22,124 186,965 593,418 9,796 15,115 72,467 10,510
7,340 7,459
406,498 10,304
6,978 22,086 50,453 11,631
2 167,088 20,554,173 20,628 30,855,626 210,638,391 926,037 18,626 34,823 219,434 122,298 14,823 3,342,572 659,560 1,000,679 666,882 3,979,014
73 67 109,023
797,022,000 $ 797,022,000 $
797,022,000 797,022,000 $
356,382,586 356,382,586 $
136,837,549 272,707
137,110,256 $
69,124,105 69,124,105 $
371,515,309 371,515,309
-
116
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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.
117
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: Capital Projects Fund School Nutrition Service Fund Miscellaneous Grants GNETS General Fund Bus Purchases
Unrestricted (Deficit)
Total Net Position
June 30, 2012 $ 1,230,853
Fiscal Year
June 30, 2013
June 30, 2014
$ 1,262,788 $ 1,256,656
June 30, 2015(1) $ 1,329,345
56,155 20,200
147,483
49,860 20,924
20 -
149,881
110,228 19,213 3 -
157,363
$ 1,454,691 $ 1,483,473 $ 1,543,463 $
92,760 19,295
43 -
(710,349)
731,094
(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
118
June 30, 2016 $ 1,371,599
June 30, 2017
Fiscal Year June 30, 2018 (2) June 30, 2019
$ 1,444,579 $ 1,463,720 $ 1,535,405
June 30, 2020 $ 1,604,839
June 30, 2021 $ 1,627,347
117,940 19,200 64 -
(701,830)
96,550 19,198
(731,265)
123,455 18,910 -
(1,625,362)
104,068 18,247 33 311 -
(1,536,928)
92,605 8,347 50 306 -
(1,530,921)
112,909 5,712 159 183 927
(1,517,147)
$
806,973 $
829,062 $
(19,277) $
121,136 $
175,226 $
230,090
119
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 Sales Tax Intergovernmental Interest Income Gain on Sale of Capital Assets Other Total General Revenues
Change in Net Position
June 30, 2012
Fiscal Year
June 30, 2013
June 30, 2014
June 30, 2015
$
682,212
30,031
51,475
175,717
44,698
60,143
-
29,746
118
$ 1,074,140
$
685,671
27,093
53,389
156,481
46,888
70,437
-
28,525
-
$ 1,068,484
$
677,187
26,938
45,115
161,460
49,563
63,398
419
30,780
-
$ 1,054,860
$
704,451
27,468
47,475
173,717
49,975
53,469
-
32,164
-
$ 1,088,719
$
1,068 $
1,101 $
913 $
1,121
11
10
13
10
27,921
29,104
28,035
27,963
983
1,842
2,004
1,830
29,402 478,937
28,608 504,819
30,970 512,800
31,193 545,592
30,832
7,524
8,085
5,867
$
569,154 $
573,008 $
582,820 $
613,576
$ (504,986) $ (495,476) $ (472,040) $ (475,143)
$
405,965 $
400,271 $
404,759 $
421,043
122,557 1,079
121,008 -
121,712 -
126,923 -
2,076
1,632
1,697
1,352
516 4,015
1,347
175 3,687
1,769
$
536,208 $
524,258 $
532,030 $
551,087
$
31,222 $
28,782 $
59,990 $
75,944
Source: District Records
120
June 30, 2016
June 30, 2017
Fiscal Year
June 30, 2018
June 30, 2019
June 30, 2020
June 30, 2021
$
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
$
833,448
37,209
53,378
196,042
61,112
74,614
-
31,664
871
$ 1,288,338
$
976,197
47,402
59,389
198,713
62,984
90,260
-
29,450
1,084
$ 1,465,479
1,035,625 43,170 63,289 200,280 57,665 120,068 10,818 466
$ 1,531,381
$
1,192 $
1,187 $
1,239 $
1,286 $
1,605 $
1,015
11
11
9
-
-
-
29,008
29,135
37,472
39,668
34,674
11,774
1,127
898
2,401
2,329
1,507
1,748
31,169 579,489
30,977 614,312
31,664 632,068
32,246 634,436
29,661 687,696
10,785 773,299
18,902
9,714
2,658
5,650
26,356
2,294
$
660,898 $
686,234 $
707,511 $
715,615 $
781,499 $
800,915
$ (500,638) $ (592,280) $ (596,421) $ (572,723) $ (683,980) $ (730,466)
$
443,533 $
473,864 $
504,117 $
546,318 $
580,281 $
621,641
128,980 -
132,036 -
137,708 -
144,769 -
147,488 -
161,518 -
1,242
1,754
3,741
6,832
5,522
657
2,762
1,694 5,021
1,964
12,335 2,882
3,132
1,514
$
576,517 $
614,369 $
647,530 $
713,136 $
736,423 $
785,330
$
75,879 $
22,089 $
51,109 $
140,413 $
52,443 $
54,864
121
COBB COUNTY SCHOOL DISTRICT FUND BALANCES, GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS
(amounts expressed in thousands)
General Fund Nonspendable Restricted Committed Assigned Unassigned
Total General Fund
June 30, 2012
Fiscal Year
June 30, 2013
June 30, 2014
June 30, 2015
$
353 $
674 $
676 $
844
-
-
-
-
-
-
5,000
10,000
34,396 98,637
59,272 75,349
47,596 89,510
31,050 90,588
$
133,386 $
135,295 $
142,782 $
132,482
All Other Governmental Funds
Nonspendable
$
Restricted
Committed
Assigned
Unassigned
Total All Other Governmental Funds $
1,706 $ 76,355 11,883
4,737 -
94,681 $
1,848 $ 70,804 12,577
2,289 -
87,518 $
1,464 $ 129,444
14,790 1,557 -
147,255 $
1,844 110,264
14,990 1,468 (9)
128,557
(a) General Fund assigned fund balance increased due to the sale of assets and allocated for future Source: District Records
122
June 30, 2016
June 30, 2017
Fiscal Year June 30, 2018 June 30, 2019 (a)
June 30, 2020
June 30, 2021
$
1,004 $
2,151 $
980 $
828 $
1,227 $
1,234
-
-
-
-
-
927
8,200
-
-
-
-
-
20,342 74,840
15,023 96,064
30,535 109,206
66,131 120,705
83,681 139,657
163,978 184,619
$
104,386 $
113,238 $
140,721 $
187,664 $
224,565 $ 350,758
$
1,922 $
1,993 $
2,228 $
2,965 $
135,367
113,764
120,492
96,409
16,169
16,531
17,042
18,030
1,487
786
390
296
(5)
(556)
(24)
-
$
154,940 $
132,518 $
140,128 $
117,700 $
3,085 $ 33,738 20,245
4,164 -
61,232 $
2,274 41,983 18,470
3,032 -
65,759
123
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 Rentals Athletic Ticket Sales Other
Total Revenues
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: Interest and Fiscal Charges
Total Expenditures
2012
$ 530,686 510,582 55,448 2,325 526 3,410 4,016
1,106,993
Fiscal Year
2013
2014
$ 518,604 512,258 56,088 1,717 1,383 3,194 1,347
1,094,591
$ 527,683 520,737 57,170 1,846 1,545 3,219 3,687
1,115,887
2015
$ 548,738 552,431 57,750 1,578 1,353 3,013 1,769
1,166,632
634,330 25,740 49,700 169,535 41,469 56,514
29,746
118 179,490
1,186,642
628,513 23,067 51,492 152,266 43,674 59,473
28,525
113,346
1,100,356
625,644 23,572 43,083 157,034 45,961 60,286
419 30,780
61,466
1,048,245
675,310 25,373 46,245 172,304 45,583 63,466
458 32,164
134,408
1,195,311
Excess (Deficiency) of Revenues Over (Under) Expenditures
(79,649)
(5,765)
67,642
(28,679)
Other Financing Sources (Uses): Transfers-In Transfers-Out Proceeds from Sale of Capital Assets
Total Other Financing Sources (Uses)
24,930 (25,424)
787
293
21,448 (21,942)
458
(36)
1,218 (2,013)
377
(418)
1,993 (2,438)
126
(319)
Net Change in Fund Balances
$ (79,356) $
(5,801) $
67,224 $ (28,998)
Non-Capitalized Expenditures Capitalized Expenditures Total Expenditures
Debt Service as a Percentage of Non-Capitalized Expenditures
$ 1,010,754 175,888
$ 1,186,642
$ 997,944 102,412
$ 1,100,356
$ 989,861 58,384
$ 1,048,245
$ 1,051,784 143,527
$ 1,195,311
-
-
-
-
(a) General Fund assigned fund balance increased due to the sale of three District properties. Source: District Records
124
2016
$ 572,621 599,546 59,022 1,516 647 2,749 2,481
1,238,582
2017
$ 607,871 623,018 58,844 2,335 438 2,925 4,393
1,299,824
Fiscal Year
2018
2019 (a)
$ 640,509 633,454 59,179 4,997 1,932 3,528 2,875
1,346,474
$ 690,882 635,892 61,670 10,658 1,861 3,576 2,882
1,407,421
2020
$ 724,173 710,427 54,203 7,912 1,010 3,034 3,132
1,503,891
2021
786,347 775,283 13,949
762 54 1,893 2,981 1,581,269
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
790,474 36,064 55,056 190,102 55,815 71,635
31,664
170,419
871 1,402,100
852,123 43,607 57,279 183,696 58,285 82,368
29,450
217,527
1,084 1,525,419
867,170 37,698 58,419 179,505 51,594 78,392
10,818
166,566
466 1,450,628
(1,889)
(16,842)
35,191
5,321
(21,528)
130,641
4,041 (4,486)
621
176
4,908 (6,103) 4,467
3,272
7,882 (8,255)
275
(98)
3,582 (3,955) 19,567
19,194
4,310 (4,310)
314
314
9,583 (9,748)
244
79
$
(1,713) $ (13,570) $
35,093 $
24,515 $ (21,214) $ 130,720
$ 1,119,674 120,797
$ 1,240,471
$ 1,157,363 159,303
$ 1,316,666
$ 1,176,768 134,515
$ 1,311,283
$ 1,233,970 168,130
$ 1,402,100
$ 1,313,891 211,528
$ 1,525,419
$ 1,299,534 151,094
$ 1,450,628
-
-
-
-
-
-
125
COBB COUNTY SCHOOL DISTRICT PROPERTY TAX LEVIES AND COLLECTIONS JUNE 30, 2021
2015
Property Taxes Collected and Balances Receivable
2016
2017
2018
2019
General Fund Collections
Balance Receivable
2020
amounts in thousands
$550,000 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2021
Balances as of June 30, 2021 (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
2015
2016
2017
2018
2019
2020
2021
Total
$ 398,979 $ 413,425 $ 439,272 $ 468,387 $ 508,461 $ 536,187 $ 562,732 $
397,194 411,807 437,484 466,239 505,912 532,737 559,804
99.55% 99.61% 99.59%
99.54%
99.50%
99.36% 99.48%
3,327,443 3,311,177
99.51%
$ 1,721 $ 1,519 $ 1,633 $ 1,889 $ 2,229 $ 2,642 $
-$
398,915 413,326 439,117 468,128 508,141 535,379 560,187
$
64 $
99 $ 155 $
259 $
320 $
808 $ 2,928 $
99.98% 99.98% 99.96%
99.94%
99.94%
99.85% 99.55%
11,633 3,322,810
4,633 99.86%
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
126
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 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Motor Vehicles Public Services Maint & Operations
(amounts expressed in thousands) Net M&O
For Maintenance & Operations of Schools
Fiscal Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Real Property 17,573,940 16,898,249 16,352,749 17,266,640 18,421,285 19,947,408 21,599,228 23,677,091 25,105,013 26,450,073
Personal Property
1,357,140 1,374,209 1,439,170 1,607,722 1,607,041 1,722,374 1,825,340 1,963,114 2,061,394 2,140,213
Public
Services Motor Vehicle
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
869,266
393,218
888,756
314,519
930,324
253,586
Total Assessed Value 21,363,852 20,891,129 20,401,547 21,109,974 21,874,306 23,241,892 24,782,400 26,902,689 28,369,682 29,774,196
Direct Estimated Rate Actual Value 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 1.890% 67,256,723 1.890% 70,924,205 1.890% 74,435,489
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
127
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 2012
2013
2014
2015
2016
School District
2017
2018
County Government
2019
2020
2021
(all tax rates are per $1000 assessed valuation)
Fiscal Year
2012 2013
School District Maint & Operations
18.90 18.90
Total Direct Rate
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
2019
18.90 18.90
2020
18.90 18.90
2021
18.90 18.90
County Government General Fire District Debt Service Total County Rate
State of Georgia
Total Overlapping Rate
7.72
7.72
7.52
7.32
7.12
6.66
6.76
8.46
8.46
8.46
3.06
3.06
3.06
3.06
3.06
2.96
2.96
2.86
2.86
2.86
0.33
0.33
0.33
0.33
0.33
0.23
0.13
0.13
0.13
0.13
11.11 11.11 10.91 10.71 10.51
9.85
9.85 11.45 11.45 11.45
0.25
0.20
0.15
0.10
0.05
-
-
-
-
-
11.36 11.31 11.06 10.81 10.56
9.85
9.85 11.45 11.45 11.45
Additional Overlapping Rates
City of Acworth
7.60
7.60
7.60
7.60
7.60
7.60
7.60
7.60
7.60
8.95
City of Austell
3.12
4.00
4.00
3.06
3.06
3.06
3.25
3.25
3.25
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
9.50
9.50
9.50
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
128
COBB COUNTY SCHOOL DISTRICT PRINCIPAL PROPERTY TAXPAYERS DECEMBER 31, 2020 AND NINE YEARS AGO
Principal Property Taxpayers - 2020
6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00%
U K Lasalle Comcast Wildwood/Townpark Owner LLC Cobb EMC Lockheed Martin Corp AT&T/Bellsouth Walton Properties Galleria LLC/OTR Home Depot Georgia Power
Taxpayer Georgia Power Home Depot Galleria LLC/OTR Walton Properties AT&T/Bellsouth Lockheed Martin Corp Cobb EMC Wildwood/Townpark Owner LLC Comcast U K Lasalle SP4 Properties Wells REIT II Wildwood Properties Interstate North Office Park LP
Ohio Teacher Retirement Fund
TOTAL
Type of Business Utilities Retail Real Estate Real Estate Telecommunications Aircraft Utilities Real Estate Utilities Real Estate Real Estate Real Estate Real Estate
Investmnet
December 31, 2020
Percent
of Total
Taxes
Taxes
Rank Levied
Levied
1 $ 10,383,123
1.845%
2
5,300,651
0.942%
3
4,434,809
0.788%
4
2,526,658
0.449%
5
2,399,456
0.426%
6
2,257,356
0.401%
7
1,934,252
0.344%
8
1,656,163
0.294%
9
1,373,149
0.244%
10
1,334,280
0.237%
$ 33,599,898
5.970%
December 31, 2011
Percent
of Total
Taxes
Taxes
Rank Levied
Levied
1 $ 8,149,615 2.018%
2
2,790,707 0.691%
8
1,010,001 0.250%
10
963,928 0.239%
6
1,743,466 0.432%
5
1,984,065 0.491%
4
1,985,347
7
1,040,970
9
985,603
3
277,054
$ 20,930,756
0.492% 0.258% 0.244% 0.669%
5.784%
Note: School millage rate is 62% of total county rate. Total taxes levied are multiplied by 62% to arrive at amount of school taxes.
Information is available only by calendar year; therefore, data reported is for December 31, 2020 and nine years earlier, December 31, 2011 Source: Office of Tax Commissioner, Cobb County, GA
129
COBB COUNTY SCHOOL DISTRICT LEGAL DEBT MARGIN INFORMATION LAST TEN FISCAL YEARS
(amounts expressed in thousands)
Debt Limit Total debt applicable to limit
2012 $ 2,136,385
-
2013 $ 2,089,113
-
Fiscal Year
2014
2015
$ 2,040,157 $ 2,110,997
-
-
2016 $ 2,187,443
-
Legal Debt Margin
Total debt applicable as a percentage of debt limit
$ 2,136,385 -
$ 2,089,113 -
$ 2,040,157 -
$ 2,110,997 -
$ 2,187,443 -
Debt Limit Total debt applicable to limit
Legal Debt Margin
Total debt applicable as a percentage of debt limit
2017 $ 2,324,189
$ 2,324,189
-
2018 $ 2,478,240
$ 2,478,240
-
Fiscal Year 2019
$ 2,690,269 -
$ 2,690,269
-
2020 $ 2,836,968
$ 2,836,968
-
2021 $ 2,977,419
$ 2,977,419
-
Source: District Records
130
COBB COUNTY SCHOOL DISTRICT LEGAL DEBT MARGIN INFORMATION FISCAL YEAR 2021
Legal Debt Information - Fiscal Year 2021
$0
$2,977,419,554
Total Amount of Debt Applicable to Debt Limit Legal Debt Margin
(amounts expressed in thousands)
Net Assessed Valuation, Cobb County School District, January 1, 2020
$
29,774,195,542
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
$
2,977,419,554
$
-
$
-
$
2,977,419,554
131
COBB COUNTY SCHOOL DISTRICT RATIOS OF OUTSTANDING DEBT BY TYPE LAST TEN FISCAL YEARS
Debt Per Capita
$100
$80
$60
$40
$20
$2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
(amounts expressed in thousands, except per capita)
Total
General
Primary
Fiscal Year
Obligation Bonds
Capital Leases
Government Debt
2012 $
-$
-$
-
2013
-
-
-
2014
-
-
-
2015
-
-
-
2016
-
-
-
2017
-
-
-
2018
-
-
-
2019
-
-
-
2020
-
-
-
2021
-
-
-
Annual Personal Income
31,981,653 33,662,185 34,419,921 36,192,750 36,400,450 38,385,767 40,281,455 43,263,716 44,995,411 48,229,082
Population
642,143 649,141 658,101 670,967 682,267 687,209 694,706 696,059 699,274 705,177
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 705,177 provided by the US Census Bureau (population census April 1, 2020); 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.
Total Debt Per Capita
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
132
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% 2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Fiscal Year
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Population
642,143 $ 649,141 658,101 670,967 682,267 687,209 694,706 696,059 699,274 705,177
Estimated Actual Value
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 67,256,722,613 70,924,204,555 74,435,488,855
Gross Bonded Debt
-
Restricted for Bonded
Debt
-
Note: All general obligation bonds were retired in fiscal year 2007. Population provided by US Census Bureau (2020 estimate); excludes the City of Marietta.
Net Bonded
Debt
Ratio of Net Net Bonded Debt Bonded
to Est. Debt Per Actual Value Capita
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
133
COBB COUNTY SCHOOL DISTRICT COMPUTATION OF DIRECT AND OVERLAPPING GENERAL OBLIGATION DEBT JUNE 30, 2021
Direct and Overlapping Debt Per Capita
$0
$13
Direct: Cobb County Schools
Indirect: Cobb County Government
Direct General Obligation Debt: Gross Bonded Debt
$
-$
-
Overlapping General Obligation Debt: Cobb County Government (99.6% of $9,080,000)
Total Direct and Overlapping General Obligation Debt
Debt Per Capita:* Direct General Obligation Debt Overlapping General Obligation Debt Total
$ 9,043,680 $ $
$ $
9,043,680 9,043,680
13 13
*Population of 705,177 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.
134
COBB COUNTY SCHOOL DISTRICT COBB COUNTY DEMOGRAPHIC AND ECONOMIC STATISTICS LAST TEN CALENDAR YEARS
800,000
COBB COUNTY POPULATION GROWTH
750,000
700,000
650,000
600,000
550,000
500,000 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Calendar Year
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Population
697,277 707,277 717,190 730,981 741,334 748,150 755,754 756,865 760,141 766,149
Personal Income (In Thousands)
31,981,653 33,662,185 34,419,921 36,192,750 36,400,450 38,385,767 40,281,455 43,263,716 44,995,411 48,229,082
Per Capita Personal Income
45,866 47,594 47,993 49,513 49,101 51,308 53,300 57,162 59,194 63,214
Median Household
Income
57,995 65,423 66,300 68,656 70,246 70,947 75,654 78,894 79,601 NA (b)
Median Age
35.6 35.4 36.1 36.2 36.3 36.5 36.6 36.7 37.3 NA(b)
Active Student Enrollment(a)
106,502 107,914 109,529 111,060 111,848 112,412 111,482 111,386 111,760 106,983
Unemployment Rate
8.9% 8.0% 7.1% 6.0% 5.0% 4.6% 4.4% 3.7% 3.0% 5.9%
Notes: (a)Student Enrollment is based on the data for the end of the school year which is subsequent to the calendar year end. (b)For 2020 data is only recorded at the state level
Sources: Population (includes city of Marietta),provided by the US Census Bureau (population census April 1, 2020). 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.
135
COBB COUNTY SCHOOL DISTRICT PRINCIPAL EMPLOYERS CURRENT YEAR AND NINE YEARS AGO
Principal Employers - 2020
70,000 60,000 50,000 40,000 30,000 20,000 10,000
-
Six Flags Over Georgia Kroger Co. Brand Energy & Infrastructure Holdings Publix Super Markets Lockheed Martin Kennesaw State University Cobb County Government Home Depot Wellstar Health System Cobb County School District
Employer Wellstar Health System Cobb County School District Home Depot Cobb County Government Kennesaw State University Lockheed Martin Publix Super Markets Brand Energy & Infrastructure Holdings Kroger Co. Six Flags Over Georgia Walmart
Total
Rank 1 2 3 4 5 6 7 8 9 10
2020
Employees 14,971 13,529 13,000 5,296 4,834 4,700 3,569 2,800 2,500 1,926
67,125
Percentage of Total County
Employment 3.77% 3.41% 3.27% 1.33% 1.22% 1.18% 0.90% 0.70% 0.63% 0.48%
16.89%
Rank 2 1 3 5 6 4 7
8 10 9
2011
Employees 12,492 14,076 11,784 4,964 4,758 8,100 3,097
Percentage of Total County
Employment 3.69% 4.16% 3.48% 1.47% 1.41% 2.39% 0.92%
2,618 2,031 2,338
66,258
0.77% 0.60% 0.69%
19.58%
Information is available by calendar year; therefore, data reported is for years ended December 31, 2020, and nine years earlier, December 31, 2011. Principal Employers within the county provided by 2020 and 2011 Cobb County Government Comprehensive Annual Financial Reports.
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
136
COBB COUNTY SCHOOL DISTRICT COMPARISON OF METROPOLITAN ATLANTA SCHOOL DISTRICT PROPERTY TAX RATES JUNE 30, 2021
METRO ATLANTA SCHOOL DISTRICT TAX RATES
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 20.740 20.000 18.900 23.080 20.600 17.796 21.600 17.970 24.600
Source: Georgia Department of Revenue
Maintenance & Operations
20.740 20.000 18.900 23.080 19.600 17.796 19.700 17.970 24.600
137
Debt Service 0.000 0.000 0.000 0.000 1.000 0.000 1.900 0.000 0.000
COBB COUNTY SCHOOL DI STRI CT COBB COUNTY BANK DEPOSI TS, CONSTRUCTI ON 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 2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
(dollars expressed in millions)
Calendar Year Ended
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Bank Deposits (a)
9,490 10,269 10,933 11,936 13,769 13,797 15,216 15,633 18,247 23,666
Single-Family
Residences (b)
Number
Market
of Units
Value
597
161
734
204
1,077
316
938
277
923
314
939
311
943
290
982
297
875
257
891
268
Total New
Construction (b)
Number
Market
of Permits
Value
5,587
656
5,667
581
6,320
711
7,352 5,596 5,725
596 1,078 1,371
9,825 10,758 10,915
994 976 1,355
11,537
769
Estimated Actual Value of Taxable Property (c)
53,410 52,227 51,004 52,775 54,686 58,105 61,956 67,257 70,924 74,435
(a) Bank deposits June 30, 2011 and after, are supplied by the Federal Deposit Insurance Corporation (FDIC).
(b) New residence and construction data for the 12-month period ended December 31 is supplied by the Cobb County Community Development Agency and is on a calendar-year basis.
(c) Source: Cobb County Tax Commissioner.
138
COBB COUNTY SCHOOL DISTRICT PROPERTY DIGEST REDUCTIONS DUE TO EXEMPTIONS LAST TEN FISCAL YEARS
amounts in thousands
$40,000,000
Digest Reductions Compared to Gross Property Digest
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0 2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Gross Property Digest
Personal Property Exemption
Elderly Exemption
Homestead Exemption
(amounts expressed in thousands)
Fiscal Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Homestead Exemption
1,086,141 1,041,831
999,067 965,937 935,568 918,620 903,943 889,782 882,981 871,131
Elderly Exemption
3,305,864 3,299,172 3,420,226 3,755,620 4,177,064 4,764,134 5,350,772 5,921,610 6,493,656 6,993,577
Disabled Residents Exemption
14,608 15,660 16,281 18,132 21,587 26,027 31,221 40,762 49,265 61,512
Personal Property Exemption
1,274,139 1,175,141 1,196,382 1,068,067 1,249,680 1,330,396
793,748 704,910 769,184 761,257
Conservation Exemption 53,464 52,676 53,574 53,146 54,339 59,702 66,325 72,640 75,071 79,256
Total Digest Reductions 5,734,216 5,584,480 5,685,530 5,860,902 6,438,238 7,098,879 7,146,009 7,729,704 8,270,157 8,766,733
Gross Property
Digest 27,098,067 26,475,609 26,087,102 26,970,876 28,312,566 30,340,771 31,928,409 34,632,393 36,639,839 38,540,928
Reductions as Percent of Gross
Digest 21.16% 21.09% 21.79% 21.73% 22.74% 23.40% 22.38% 22.32% 22.57% 22.75%
Source: Cobb County Office of Tax Commissioner
139
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 2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Fiscal Year
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Professional Personnel (a)
8,290 8,008 7,907 8,036 8,050 8,099 8,092 8,141 8,217 8,224
Other Operating Personnel (b)
2,970 2,896 2,821 2,769 2,943 2,953 2,587 2,604 2,932 2,888
Service Personnel (c)
2,847 2,813 2,834 2,949 2,599 2,613 2,927 2,895 2,632 2,417
Total Personnel
14,107 13,717 13,562 13,754 13,592 13,665 13,606 13,640 13,781 13,529
Active Student Enrollment
106,502 107,914 109,529 111,060 111,848 112,412 111,482 111,386 111,760 106,983
Ratio of Pupils to Professional Personnel
12.8 13.5 13.9 13.8 13.9 13.9 13.8 13.7 13.6 13.0
(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
140
COBB COUNTY SCHOOL DISTRICT OPERATING STATISTICS LAST TEN FISCAL YEARS
Cost Per Pupil Enrolled
$13,500 $13,000 $12,500 $12,000 $11,500 $11,000 $10,500 $10,000
$9,500 $9,000 $8,500
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Fiscal Year
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Expenses
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 1,288,338,000 1,465,479,000 1,531,381,000
Active Student Enrollment
106,502 107,914 109,529 111,060 111,848 112,412 111,482 111,386 111,760 106,983
Cost Per Pupil Enrolled
10,086 9,901 9,631 9,803
10,385 11,373 11,696 11,566 13,113 14,314
Percentage of
Change
2.58% -1.83% -2.73% 1.79% 5.94% 9.52% 2.84% -1.11% 13.37% 9.16%
Professional Personnel
8,290 8,008 7,907 8,036 8,050 8,099 8,092 8,141 8,217 8,224
Ratio of Pupils to Professional Personnel
12.8 to 1 13.5 13.9 13.8 13.9 13.9 13.8 13.7 13.6 13.0
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
141
COBB COUNTY SCHOOL DISTRICT GENERAL FUND EXPENDITURES BY FUNCTION LAST TEN FISCAL YEARS
amounts in thousands $1,200,000
Expenditures by School Function
$1,100,000
$1,000,000
$900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000 2012 2013 2014 2015 2016 2017 2018
Other Capital Outlay Business Serv. School & Admin.
2019 2020 Pupil Services
2021 Instruction
(amounts expressed in thousands)
School &
Fiscal
Pupil Administrative
Year Instruction Services Services
2012
641,662 17,330
78,172
2013
632,579 17,502
77,821
2014
628,652 19,489
78,407
2015 2016
679,320 719,560
19,248 25,478
84,588 103,673
2017
742,169 24,385
106,625
2018
754,822 27,891
113,283
2019
802,325 27,645
112,484
2020
862,210 36,978
117,988
2021
773,364 32,845
117,781
Business Services
93,237 100,191 103,311 106,063 110,845 114,446 118,690 124,249 136,059 124,144
Capital Outlay
9,214 6,659 4,346 3,769 2,546 1,510 3,119 6,474
14 4,926
Other
1,489 458 465 -
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.
Total
839,615 834,752 835,694 893,446 962,567 989,135 1,017,805 1,073,177 1,153,249 1,053,060
Source: District Records
142
COBB COUNTY SCHOOL DISTRICT GENERAL FUND REVENUES BY SOURCE LAST TEN FISCAL YEARS
amounts in thousands
$1,200,000
$1,100,000
$1,000,000
$900,000
$800,000
$700,000
$600,000
$500,000
$400,000 $300,000 $200,000 $100,000
Other Interest Intergovernmental Local Taxes
$0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
(amounts expressed in thousands)
Fiscal Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Local Taxes 408,123 397,592 405,970 421,814 443,641 475,835 502,801 546,113 580,813 620,701
Intergovernmental 391,997 415,168 431,907 459,181 490,747 519,721 543,085 545,342 603,286 564,352
Interest Income 1,981 1,562 1,637 1,294 1,189 1,662 3,352 6,473 5,298 651
Other 1,092 2,406 4,991 2,935 1,751 2,188 3,801 4,161 3,346 1,519
Other includes Tuition & Fees, Insurance & Damage Recoveries, Rentals and Other Revenues. Source: District Records
143
Total 803,193 816,728 844,505 885,224 937,328 999,406
1,053,039 1,102,089 1,192,743 1,187,223
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
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Debt Service Fund Expenditures
-
Source: District Records
General Fund Expenditures
839,615,000 834,752,000 835,694,000 893,446,000 962,567,000 989,135,000 1,017,805,000 1,073,177,000 1,153,249,000 1,053,060,000
144
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 Amount
1950 $ 1,500,000
1957
1,750,000
1961
2,500,000
1962
3,000,000
1964
4,000,000
1969
15,000,000
1973
16,500,000
1977
22,000,000
1979
20,000,000
1981
8,000,000
1985
27,000,000
1987
58,500,000
1989
59,500,000
1991
39,600,000
1995 220,865,000
1997 609,200,000
1998 626,773,000
2003 636,504,000
2008 797,657,000
2013 717,845,000
2017 797,022,000
Maturity 1970 1977 1980 1983 1994 1990 1994 1996 1997 1997 1997 2001 2002 2004 2007 2002 2003 2008 2013 2018 2023
Action Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Passed Failed Passed Passed Passed Passed Passed
Pro 2,907 2,023 3,187 2,816 2,942 7,769 7,405 10,694 9,725 9,858 24,476 10,716 15,510 20,197 18,140 14,204 36,433 36,078 21,873 23,273 25,160
Con 841 562 868 986
1,629 2,922 5,165 4,241 7,611 7,511 11,481 2,573 2,311 6,409 13,124 18,820 26,403 10,262 14,137 17,325 8,902
Void 17 31 38 36 63 5 10 22
219 103
65 126 268 142 177 545
44 44
Total Votes
3,765 2,616 4,093 3,838 4,634 10,696 12,580 14,957 17,555 17,472 35,957 13,354 17,947 26,874 31,406 33,201 63,381 46,340 36,010 40,642 34,106
Approval Percentage
77.56% 78.26% 78.59% 74.07% 64.36% 72.67% 58.91% 71.60% 56.10% 56.76% 68.07% 80.64% 87.03% 75.91% 58.02% 43.01% 57.98% 77.85% 60.74% 57.33% 73.87%
Note: 1997, 1998, 2003, 2008, 2013 and 2017 referendums were for a 1% local option sales tax with the amounts shown representing an estimate of collections for the full five year life of the tax. Source: Cobb County Board of Elections.
145
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
Brumby Replacement (2018) Square Feet Capacity Enrollment
Bryant (1991) Square Feet Capacity Enrollment
Bullard (2003) Square Feet Capacity Enrollment
Chalker (1997) Square Feet Capacity Enrollment
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
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
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
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
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
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
131,924 913 717
81,334 662 610
56,904 537 452
85,236 562 518
106,694 987 789
83,098 712 697
68,409 562 356
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
131,924 913 671
81,334 662 631
56,904 537 427
85,326 562 486
106,694 987 791
83,098 712 717
68,409 562 348
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
131,924 913 662
81,334 662 604
56,904 537 364
85,326 562 464
106,694 987 863
83,098 712 768
68,409 562 358
84,461 837 530
105,886 912 822
111,299 837 697
49,828 412 -
-
168,576 1,062 942
116,071 962
1,031
136,261 987 827
124,148 963 673
131,924 925 639
81,334 662 635
56,904 562 369
85,326 562 469
106,694 1,025 871
83,098 737 751
68,409 562 355
84,461 837 520
105,886 925 777
111,299 837 743
49,828 412 -
-
168,576 1,162 962
116,071 962 977
136,261 987 838
124,148 975 686
131,924 925 570
81,334 662 598
56,904 562 345
85,326 562 421
106,694 1,025 792
83,098 712 742
68,409 562 334
84,461 837 525
105,886 925 710
111,299 837 652
49,828 412 -
-
168,576 1,162 903
116,071 962 886
136,261 987 756
124,148 975 653
146
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
2012
Cheatham Hill (1997)
Square Feet
137,108
Capacity
1,063
Enrollment
1,123
City View (f)(Riverside Intermediate)
Square Feet
123,000
Capacity
962
Enrollment
925
Clarkdale (1963) (a)
Square Feet
-
Capacity
-
Enrollment
391
Clarkdale Replacement (2012)
Square Feet
-
Capacity
-
Enrollment
-
Clay (1961)
Square Feet
55,412
Capacity
437
Enrollment
510
Clay-Harmony Leland (2021)
Square Feet
-
Capacity
-
Enrollment
-
Compton (1969)
Square Feet
99,427
Capacity
937
Enrollment
453
Davis (1987)
Square Feet
86,131
Capacity
788
Enrollment
543
Dowell (1989)
Square Feet
106,003
Capacity
963
Enrollment
980
Due West (1957)
Square Feet
70,367
Capacity
587
Enrollment
553
East Side Replacement (2011)
Square Feet
149,764
Capacity
1,087
Enrollment
1,119
Eastvalley (1960)
Square Feet
60,029
Capacity
562
Enrollment
638
Fair Oaks (1957)
Square Feet
97,993
Capacity
863
Enrollment
837
Ford (1991)
Square Feet
91,129
Capacity
862
Enrollment
753
Frey (1996)
Square Feet
125,717
Capacity
963
Enrollment
693
Garrison Mill (1984)
Square Feet
85,775
Capacity
688
Enrollment
723
2013
137,108 1,063 1,149
123,000 962
1,107
-
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
2014
2015
2016
2017
2018
2019
2020
2021
137,108 1,063 1,112
123,000 962
1,101
-
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
137,108 1,063 1,094
123,000 962
1,182
-
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
137,108 1,063 1,110
123,000 962
1,220
-
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
137,108 1,063 1,131
123,000 962
1,221
-
129,988 863 798
55,412 437 395
-
88,079 788 559
86,131 788 572
106,003 963 973
70,367 587 635
149,764 1,087 1,298
60,029 562 720
97,993 863 961
91,129 862 805
125,717 963 817
85,775 688 674
137,108 1,063 1,116
123,000 962
1,147
-
129,988 863 813
55,412 437 391
-
88,079 788 546
86,131 788 573
106,003 963 980
70,367 587 617
149,764 1,087 1,288
60,029 562 727
97,993 863 894
91,129 862 838
125,717 963 805
85,775 688 698
137,108 1,063 1,087
123,000 962
1,109
-
129,988 863 811
55,412 437 406
-
88,079 788 497
86,131 788 608
106,003 963 992
70,367 587 576
149,764 1,087 1,256
60,029 562 709
97,993 863 841
91,129 862 842
125,717 963 830
85,775 688 699
137,108 1,063 1,110
137,108 1,063 1,028
123,000 962
1,049
123,000 962 923
-
-
-
-
-
-
129,988 887 792
129,988 887 745
55,412 450 387
55,412 450 -
-
186,930
-
1,212
-
952
88,079 800 526
88,079 800 538
86,131 800 602
86,131 800 576
106,003 975 980
106,003 975 889
70,367 600 588
70,367 600 570
149,764 1,087 1,226
149,764 1,087 1,159
60,029 562 800
60,029 562 700
97,993 875 820
97,993 875 761
91,129 862 890
91,129 862 798
125,717 975 852
125,717 975 734
85,775
85,775
700
700
700
646
continued-
147
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
Green Acres (1996) Square Feet Capacity Enrollment
Harmony Leland (1951) Square Feet Capacity Enrollment
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
King Springs Replacement (2021) 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
2012
90,915 688 785
65,127 512 591
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
2013
90,915 688 866
65,127 512 678
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
2014
2015
2016
2017
2018
2019
2020
2021
90,915 688 767
65,127 512 699
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
90,915 688 732
65,127 512 721
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
90,915 688 737
65,127 512 686
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
90,915 688 706
65,127 512 672
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
90,915 688 704
65,127 512 642
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
90,915 688 628
65,127 512 616
119,189 962 923
123,025 962 585
89,012 862 615
70,537 588 489
123,000 962 972
116,400 962 652
83,969 762 683
59,658 587
1,097
-
82,912 688 438
115,363 962 556
-
148,523 962
1,047
88,158 562 359
90,915 700 603
65,127 512 605
119,189 962 958
123,025 962 590
89,012 862 593
70,537 600 479
123,000 962 955
116,400 975 654
83,969 762 672
59,658 587
1,083
-
82,912 700 432
115,363 962 568
-
148,523 962
1,045
88,158 512 346
90,915 700 592
65,127 512 -
119,189 962 893
123,025 962 555
89,012 862 571
70,537 600 400
123,000 962 888
116,400 975 619
83,969 762 605
-
162,621 1,237 1,066
82,912 700 354
115,363 962 557
-
148,523 962 994
88,158 512 311
148
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
Milford (1954) Square Feet Capacity Enrollment
Mount Bethel (1978) Square Feet Capacity Enrollment
Mountain View (1986) Square Feet Capacity Enrollment
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
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
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
73,352 612 658
110,096 937
1,006
102,725 887 853
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
71,408 612 613
103,369 962 693
116,302 862 903
99,735 888 816
73,352 612 559
110,096 937 984
102,725 887 840
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
71,408 612 614
103,369 962 728
116,302 862 829
99,735 888 828
73,352 612 466
110,096 937
1,011
102,725 887 837
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
71,408 612 602
104,362 962 704
116,302 862 809
99,735 888 815
73,352 612 458
110,096 937
1,040
102,725 887 853
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
72,896 612 622
104,362 962 697
116,302 862 827
99,735 888 845
73,352 612 467
110,096 937
1,119
102,725 887 837
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
72,896 612 613
104,362 962 699
116,302 862 774
99,735 888 866
73,352 612 461
110,096 937
1,132
102,725 887 755
123,233 962
1,019
75,800 637 538
122,342 937
1,068
87,935 837 917
139,090 987 761
136,261 962 966
101,870 888 838
59,190 462 437
85,236 562 613
72,896 612 584
104,362 962 688
116,302 862 747
99,735 912 868
73,352 612 424
110,096 937
1,118
144,362 962 772
123,233 962
1,012
75,800 637 534
122,342 937
1,104
87,935 837 901
139,090 987 764
136,261 962 913
101,870 888 777
59,190 462 482
85,236 562 534
72,896 612 610
104,362 962 666
116,302 862 732
99,735 912 850
73,352 612 374
110,096 937
1,122
144,362 962 848
123,233 962 973
75,800 637 520
122,342 937
1,151
87,935 837 870
139,090 987 751
136,261 962 876
101,870 888 770
59,190 462 464
85,236 562 551
72,896 612 595
104,362 962 648
116,302 862 727
99,735 912 755
73,352 637 356
73,352 637 372
110,096 937
1,100
110,096 937 983
144,362 962 857
144,362 962 781
123,233 962
1,002
123,233 962 932
75,800 637 492
75,800 637 441
122,342 937
1,186
122,342 937
1,126
87,935 837 827
87,935 837 751
139,090 987 755
139,090 987 679
136,261 962 877
136,261 962 766
101,870 900 801
101,870 900 791
59,190 462 414
59,190 462 402
85,236 562 537
85,236 562 551
72,896 612 614
72,896 612 547
104,362 962 638
104,362 962 573
116,302 862 693
116,302 862 693
99,735
99,735
912
912
739
652
continued-
149
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
Shallowford Falls (1990) Square Feet Capacity Enrollment
Sky View (1957) (b) Square Feet Capacity Enrollment
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
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
112,620 962 674
50,270 462 400
-
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
112,620 962 658
-
-
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
112,620 962 654
-
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
112,620 962 669
-
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
112,620 962 640
-
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
112,620 962 663
-
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
112,620 962 713
-
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
112,620 962 728
-
143,107 962
1,051
133,344 1,162 1,165
117,539 963 756
108,100 837 892
73,450 612 563
109,769 937 915
109,827 963 789
122,260 937 764
156,660 1,037 794
178,465 1,162 922
220,228 1,338 1,552
170,905 1,162 1,068
177,356 1,163 1,068
166,048 1,187 1,315
112,620 962 684
-
143,107 962
1,028
133,344 1,162 1,178
117,539 975 769
108,100 837 952
73,450 612 575
109,769 937 920
109,827 975 876
122,260 937 735
156,660 1,037 729
178,465 1,162 894
220,228 1,437 1,619
170,905 1,162 1,122
177,356 1,175 1,017
166,048 1,187 1,305
112,620 962 592
-
143,107 962 942
133,344 1,162 1,020
117,539 975 744
108,100 837 923
73,450 612 495
109,769 937 826
109,827 975 818
122,260 937 652
156,660 1,037 701
178,465 1,162 915
220,228 1,437 1,619
170,905 1,162 1,066
177,356 1,175 979
166,048 1,187 1,273
150
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
Dodgen (1975) Square Feet Capacity Enrollment
Durham (1998) Square Feet Capacity Enrollment
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
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
2012
183,798 1,212 1,190
173,487 1,162 1,101
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
2013
183,798 1,212 1,185
173,487 1,162 1,093
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
2014
183,798 1,212 1,157
173,487 1,162 1,025
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
2015
183,798 1,212 1,227
173,487 1,162 1,058
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
2016
183,798 1,212 1,249
173,487 1,162 1,030
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
2017
183,798 1,212 1,268
173,487 1,162 1,061
186,961 1,362 1,198
166,551 1,112 933
152,212 963 885
186,947 1,162 1,282
149,038 1,012 1,125
111,260 788 501
179,170 1,162 1,005
165,107 1,137 1,103
175,345 1,162 1,413
165,479 1,162 881
149,577 937 676
191,209 1,162 1,234
175,974 1,162 942
169,809 912 597
2018
183,798 1,212 1,242
173,487 1,162 1,039
186,961 1,362 1,284
166,551 1,112 930
152,212 963 876
186,947 1,162 1,379
149,038 1,012 1,074
111,260 788 584
179,170 1,162 1,022
165,107 1,137 1,090
175,345 1,162 1,368
165,479 1,162 930
149,577 937 672
191,209 1,162 1,217
175,974 1,162 923
169,809 912 625
2019
183,798 1,212 1,261
173,487 1,162 1,101
222,963 1,387 1,392
166,551 1,112 968
152,212 963 895
186,947 1,162 1,415
149,038 1,012 1,063
111,260 788 620
179,170 1,162 1,112
165,107 1,137 1,051
175,345 1,162 1,401
165,479 1,162 938
149,577 937 692
191,209 1,162 1,111
175,974 1,162 888
169,809 912 696
2020
2021
183,798 1,187 1,294
183,798 1,187 1,235
173,487 1,162 1,104
173,487 1,162 1,076
222,963 1,387 1,495
222,963 1,387 1,444
166,551 1,112 974
166,551 1,112 972
152,212 975 963
152,212 975
1,004
186,947 1,137 1,465
186,947 1,137 1,466
149,038 1,012 1,070
149,038 1,012 1,034
111,260 700 629
111,260 700 596
179,170 1,162 1,180
179,170 1,162 1,207
165,107 1,137 1,066
165,107 1,137 1,028
175,345 1,162 1,352
175,345 1,162 1,334
165,479 1,162 956
165,479 1,162 919
149,577 937 696
149,577 937 682
191,209 1,162 1,070
191,209 1,162 1,034
175,974 1,162 905
175,974 1,162 862
169,809 169,809
900
900
694
670
continued-
151
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
Simpson (1988) Square Feet Capacity Enrollment
Smitha (1993) Square Feet Capacity Enrollment
Tapp (1975) Square Feet Capacity Enrollment
Allatoona (2008) Square Feet Capacity Enrollment
Campbell (1963) Square Feet Capacity Enrollment
Cobb Horizon (1944)(Oakwood)(e) Square Feet Capacity Enrollment
Cobb Horizon(2021) 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
2012
110,000 837 862
169,345 1,137 968
157,435 1,137 724
325,200 1,912 1,762
374,180 2,637 2,105
93,858 462 79
-
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
2013
138,902 962 876
169,345 1,137 995
157,435 1,137 761
325,200 1,912 1,717
374,180 2,637 2,188
93,858 462 70
-
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
2014
143,888 962 895
169,345 1,137 1,001
157,435 1,137 805
325,200 1,912 1,724
374,180 2,637 2,258
93,858 462 78
-
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
2015
143,888 962 913
169,345 1,137 988
157,435 1,137 769
325,200 1,912 1,773
374,180 2,637 2,380
93,858 462 91
-
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
2016
143,888 962 935
169,345 1,137 969
157,435 1,137 808
330,289 1,912 1,717
374,180 2,637 2,509
93,858 462 63
-
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
2017
143,888 962 960
169,345 1,137 991
157,435 1,137 859
330,289 1,912 1,670
374,180 2,638 2,600
93,858 462 55
-
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
2018
143,888 962 944
169,345 1,137 1,012
157,435 1,137 939
330,289 1,912 1,704
374,180 2,638 2,731
93,858 462 68
-
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
2019
143,888 962 912
169,345 1,137 1,036
157,435 1,137 953
330,289 1,912 1,692
427,488 2,662 2,743
93,858 462 227
-
333,954 2,538 2,315
319,000 1,962 2,343
321,068 2,013 1,451
319,000 1,987 1,878
300,195 2,062 2,087
504,107 2,362 2,312
485,833 2,838 2,730
220,696 2,062 2,004
319,768 1,788 2,353
2020
143,888 962 898
169,345 1,137 1,050
157,435 1,137 924
330,289 1,937 1,784
376,451 2,562 2,820
93,858 462 334
-
444,830 2,587 2,314
319,000 1,987 2,317
321,068 2,025 1,451
319,000 1,987 1,824
376,835 2,087 2,051
504,107 2,450 2,345
485,833 2,862 2,769
220,696 2,062 2,102
264,915 1,537 2,313
2021
143,888 962 905
169,345 1,137 980
157,435 1,137 913
330,289 1,937 1,780
370,227 2,562 2,816
-
94,627 362 336
444,830 2,587 2,211
319,000 1,987 2,233
321,068 2,025 1,406
319,000 1,987 1,754
376,835 2,087 1,959
504,107 2,450 2,302
485,833 2,862 2,634
469,966 2,062 2,222
264,915 1,537 2,216
152
COBB COUNTY SCHOOL DISTRICT SCHOOL BUILDINGS LAST TEN FISCAL YEARS
School Name
2012
2013
Pope (1987)
Square Feet
260,606 260,606
Capacity
1,912
1,912
Enrollment
1,718
1,725
South Cobb (1951)
Square Feet
395,332 388,425
Capacity
2,612
2,612
Enrollment
1,863
1,898
Sprayberry (1973)
Square Feet
297,400 297,400
Capacity
2,062
2,062
Enrollment
1,727
1,741
Walton (1975)
Square Feet
307,655 307,655
Capacity
2,312
2,312
Enrollment
2,569
2,574
Wheeler (1964)
Square Feet
318,504 318,504
Capacity
1,837
1,837
Enrollment
1,955
1,948
Performance Learning Center (located at Oakwood)(e)
Enrollment
57
59
Hawthorne (Haven) (1958) (c)
Square Feet
32,500
32,500
Capacity
312
312
Enrollment
88
77
Fitzhugh Lee (Haven) (1935)(c)
Square Feet
35,684
35,684
Capacity
312
312
Enrollment
43
39
Kennesaw Charter (d)
Enrollment
614
782
Mableton Charter (d)
Enrollment
526
-
International Academy of Smyrna (d)
Enrollment
793
943
Devereux Georgia (d)
Enrollment
62
75
Sky View (1957) (b) (Haven - 2016)
Square Feet
-
-
Capacity
-
-
Enrollment
-
-
South Cobb Early Learning
Square Feet
-
-
Capacity
-
-
Enrollment
-
-
2014
260,606 1,912 1,787
388,425 2,612 1,911
297,400 2,062 1,700
307,655 2,312 2,639
361,490 2,162 2,049
70
32,500 312 69
35,684 312 33
871
-
944
87
-
-
2015
260,606 1,912 1,868
388,425 2,612 1,954
297,400 2,062 1,701
307,655 2,312 2,582
341,594 2,112 2,008
93
32,500 312 77
35,684 312 37
858
-
966
88
-
-
2016
260,606 1,912 1,919
388,425 2,612 1,906
297,400 2,062 1,703
307,655 2,312 2,616
440,214 2,187 2,075
148
-
-
838
-
1,033
78
50,270 462 119
-
2017
260,606 1,912 1,990
388,425 2,612 1,899
297,400 2,062 1,610
307,655 2,312 2,615
434,631 2,187 2,076
147
-
-
778
-
993
86
50,270 462 102
-
2018
336,955 1,912 1,957
388,425 2,612 1,796
297,400 2,062 1,643
373,256 2,312 2,603
434,631 2,187 2,063
122
-
-
558
-
-
89
50,270 462 86
-
2019
336,955 1,912 1,915
420,443 2,638 1,891
297,400 2,062 1,698
342,656 2,312 2,643
434,631 2,187 2,125
-
-
-
464
-
-
79
50,270 462 66
-
2020
2021
336,955 1,912 1,921
336,955 1,912 1,830
420,443 2,612 1,919
420,443 2,612 1,903
297,400 2,087 1,728
297,400 2,087 1,766
466,505 2,837 2,614
466,505 2,837 2,674
434,631 2,187 2,153
434,631 2,187 2,220
-
-
-
-
-
-
-
-
-
-
-
-
-
-
287
-
-
-
-
-
66
46
50,270 462 75
50,270 462 64
-
65,127
-
512
-
334
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. (e) Oakwood and the Performance Learning Center opend as Cobb Horizon High School on the Oakwood campus August 2018. (f) City View orginally Riverside Intermediate. Name changed in 2021. 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
153
COBB COUNTY SCHOOL DISTRICT TEACHERS' SALARY SCHEDULE LAST TEN FISCAL YEARS
$120,000
Teachers' Salary Range
$100,000
$80,000
$60,000
$40,000
$20,000
$0 2012
2013
2014
2015
2016
2017
2018
2019
Minimum Maximum Cobb Average
2020
2021
Fiscal Year
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Minimum
$
38,958
38,958
38,958
39,347
41,330
42,364
42,364
43,465
46,942
46,942
Maximum
$
82,088
82,088
82,088
82,908
87,087
89,264
89,264
91,585
98,912
98,912
Cobb Average
53,770 54,323 54,435 55,773 58,425 60,185 60,309 62,066 67,545 67,618
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
53,002 52,956 52,973 53,424 54,215 55,530 56,333 57,066 60,552 60,543
154
COBB COUNTY SCHOOL DISTRICT ADMINISTRATIVE SALARY SCHEDULE JUNE 30, 2021
$400,000 $375,000 $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 $ 378,000
155,086 105,071 109,432
97,344 123,813 112,982 106,546
Maximum $ 378,000
171,984 144,050 129,363 133,258 145,774 134,943 133,490
155
COBB COUNTY SCHOOL DISTRICT SCHEDULE OF INSURANCE IN FORCE JUNE 30, 2021
Type of Coverage
Name of Company and Policy Number
Policy Period
From
To
Liability Limits
Annual Premium
Bus, Truck, Motor Self Insured
Vehicles Liability
Property Theft
Self Insured
Employee's
Berkley Crime
Blanket Bond
BGOV-45002366-24
General Liability
Self Insured
Property Boiler
Travelers
(Includes Insurance) KTJ-CMB-1G46706-9-20
Student Athletic
T.W. Lord & Associates
Student Liability
Liberty Insurance
(Nursing Program) AHV103741002
Superintendent's
Old Republic Surety Co.
Bond
APO2121620
Principal's
Old Republic Surety Co.
Bond
APS1177822
Worker's Compensation Self Insured
Excess Worker's
Star Insurance
Compensation
WCE-0937879
Parking Lot GL Policy Atain Speciality
CIP400068
Excess Flood
Lloyd's of London
Garrett Middle School DEF11670005306
Drone Insurance
Old Republic Surety Co.
AVC00410303
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
The Hartford 402273
6/1/1994 Ongoing $300,000
N/A
6/1/1994 Ongoing N/A 8/1/2020 8/1/2021 $7,500,000
N/A $23,581
6/1/1994 Ongoing $500,000 7/1/2020 7/1/2021 $500,000,000
N/A $923,588
8/1/2019 8/1/2020 Varies 2/1/2021 2/01/2022 $1,000,000
Student/Parent Funded $1,565
5/1/2021 5/1/2022 $100,000
$350
8/1/2020 8/1/2021 $10,000
$3,990
N/A
N/A Statutory
10/1/2020 10/1/2021 $1,000,000
N/A $197,664
11/30/2020 11/30/2021 $2,000,000
$1,924
07/01/2020 07/01/2021 $15,453,434
$15,453
01/18/2021 1/18/2022 $1,000,000
$892
1/1/2021 12/31/2021 Benefit Schedule per salary
$1,122,379
1/1/2021 12/31/2021
14 Day Elimination Period. 66.67% of standard income up to $1,200 per week.
Employee pays $.23 per $10 of weekly benefit.
60 Day Elimination Period.
66.67% of standard weekly Employee pays $.132 per $10 of
income, up to $1,200 per weekley benefit.
week.
14 Day Elimination Period.
50% of standard weekly Employee pays $.231 per $10 of
income, up to $1,200 per weekly benefit.
week.
60 Day Elimination Period.
50% ofstandard weekly Employee pays $.145 per $10 of
income, up to $1,200 per weekly benefit.
week.
1/1/2021 12/31/2021
The first $15,000 is paid by CCSD.
(smokers and non-smokers)
156
COBB COUNTY SCHOOL DISTRICT
SCHEDULE OF INSURANCE IN FORCE
JUNE 30, 2021
Type of Coverage Dependent Life
Name of Company and Policy Number The Hartford 402273
Optional Life and AD&D
The Hartford 402273
Dental Insurance Plus Option
MetLife Dental 158287
Base Option
Critical Illness with Cancer Insurance
Voya 70174-2
Policy Period
From
To
Liability Limits
Annual Premium
1/1/2021 12/31/2021 Coverage options: Child Employee pays $1.74 for $10,000 of
$10,000 or $25,000
coverage of child(ren) or $4.36 for
Spouse up to $50,000
$25,000 of coverage; Spousal
coverage depends on the age of the
spouse.
1/1/2021 12/31/2021 Employee can choose up to Employee pays $0.152 per $1,000 of
7 times his/her annual
Supplemental Life coverage monthly.
earnings. (Max. $500,000)
1/1/2021 12/31/2021 Plus Plan provides preferred Employee pays $45.56 for single
rates with a maximum
coverage, $75.86 for employee plus
coverage of $1,000 per
one, or $123.72 for family coverage
participant per calendar monthly. 1/1/2021 12/31/2021 Base Plan has co-pays for Employee pays $17.00 for single
Preventative and Diagnostic coverage, $32.00 for employee plus
services with a maximum of one, or $55.00 for family coverage
$750 coverage per
monthly.
participant per calendar
year. 1/1/2021 12/31/2021 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
Voya 70174-2
Hospital Indemnity
Voya 70174-2
1/1/2021 12/31/2021 Based on Benefit Schedule
1/1/2021 12/31/2021 Based on Benefit Schedule 1/1/2021 12/31/2021 Based on Benefit Schedule 1/1/2021 12/31/2021 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 $12.28, and family coverage is $18.26 each month. Single coverage is $5.44; coverage for employee plus one family member is $10.18, and family coverage is $15.14 each month. Employee pays $13.52 for single coverage or $16.88 for family Coverage monthly. Employee pays monthly premium of $7.58 self, $12.58 self and spouse, $14.84 self and children, or $19.84 family. Employee pays monthly premium of $9.54 self, $22.62 self and spouse, $14.60 self and children, or $27.70 family.
Concluded.
Source: District Records
157
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 2012
2013
2014
2015
2016 Lunch
2017 Breakfast
2018
2019
2020
2021(a)
(amounts expressed in thousands)
Lunch Meals Served: Free Reduced Paid
Total Daily Average Student Price
2012
2013
2014
2015
2016
2017
2018
2019
2020 2021(a)
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
5,430 860
4,339 10,629
60
$2.35-$2.60
4,153 695
3,423 8,271
62
$2.35-$2.60
6,129 13 16
6,158 36
$2.50-$2.75
Breakfast Meals Served: Free Reduced Paid
Total Daily Average Student Price
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
2,456 288 517
3,261 18
$1.25
1,988 242 460
2,690 20
$1.50
3,713 13 16
3,742 22
$1.75
Total Meals Served: Free Reduced Paid
Total Daily Average
Source: District Records
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 1,158 4,761
14,891 83
8,096 1,159 4,762
13,823 80
7,886 1,109 4,618
13,890 78
6,141 937
3,883
10,961 82
9,841 26 32
9,900 58
158
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 2012
2013
2014
2015 2016 Elementary
201M7iddle2018High2019
2020
2021
Fiscal Year
Elementary
Middle
High
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
2019
67
25
16
2020
67
25
17
2021
66
25
17
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.
159
Total 109 108 108 108 108 108 108 108 109 108
COBB COUNTY SCHOOL DISTRICT NUMBER OF HIGH SCHOOL GRADUATES AND AVERAGE DAILY ENROLLMENT AND ATTENDANCE LAST TEN FISCAL YEARS
113,000 112,000 111,000 110,000 109,000 108,000 107,000 106,000 105,000 104,000 103,000 102,000 101,000 100,000
Cobb County School District Average Daily Enrollment
Fiscal Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*
Average Daily
Enrollment 106,944 108,240 109,752 111,264 112,308 112,821 111,723 111,527 111,593 106,994
Average Daily
Attendance 103,008 103,857 105,548 106,895 107,872 108,150 106,863 106,876 107,899 102,586
Attendance Percentage
96% 96% 96% 96% 96% 96% 96% 96% 97% 96%
Number of Graduates
7,192 7,425 7,313 7,366 7,714 7,970 8,126 8,261 8,379 8,084
Graduate Percentage
76.00% 76.50% 78.20% 81.45% 83.80% 83.60% 85.20% 87.00% 88.60% 87.20%
Note: Beginning in 2016 Graduate Percentages were adjusted to match the Georgia Department of Education fouryear 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)
*Average daily enrollment affected by pandemic.
160
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 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
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
2012 9,159 8,189 8,303 8,184 8,330 8,284 8,155 8,186 8,154 9,437 8,021 6,865 7,235
2013 9,523 8,297 8,296 8,422 8,191 8,495 8,242 8,249 8,229 9,637 7,938 6,931 7,464
2014 9,363 8,669 8,473 8,464 8,503 8,331 8,389 8,381 8,372 9,874 8,394 6,882 7,434
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
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
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
2018 9,087 8,028 8,171 8,458 8,614 8,919 8,597 8,550 8,675 9,698 8,933 7,753 7,999
2019 9,024 7,995 8,154 8,216 8,556 8,700 8,916 8,727 8,616 9,623 8,853 7,873 8,133
2020 9,256 7,838 8,186 8,178 8,347 8,613 8,740 8,949 8,816 9,684 9,001 7,945 8,207
2021 7,830 7,587 7,478 7,768 7,944 8,110 8,380 8,631 8,943 9,180 8,961 8,162 8,009
Source: District Records
161
COBB COUNTY SCHOOL DISTRICT CLASSROOM BUILDINGS, GRADE LEVELS AND ACREAGE JUNE 30, 2021
School Name Acworth Elementary Addison Argyle Austell Baker Bells Ferry Belmont Hills Big Shanty Birney Blackwell Brown (b) Brumby Bryant Bullard Chalker Cheatham Hill City View Clarkdale Clay- Harmony Leland Clay Compton Davis Dowell Due West East Side Eastvalley Fair Oaks Ford Frey Garrison Mill Green Acres 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 Elementary Rocky Mount Russell Sanders
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-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-5 K-5 K-5 K-5
Active Enrollment
570 598 345 421 792 742 334 525 710 652
903 886 756 653 1,028 923 745 952
538 576 889 570 1,159 700 761 798 734 646 592 893 555 571 400 888 619 605 1,066 354 557 994 311 372 983 781 932 441 1,126 751 679 766 791 402 551 547 573 693
Size of Site (acres)
15.0 12.5 8.8 12.4 15.0 10.0 10.2 22.3 26.8 16.0 6.2 18.0 22.9 20.0 25.5 19.2 18.4 15.0 17.0 8.0 28.3 13.0 28.9 10.2 11.0 9.6 10.3 39.0 26.2 14.1 10.1 24.2 23.0 15.0 20.7 26.2 20.7 24.0 9.9 10.2 10.9 12.1 6.0 8.7 25.0 16.1 15.3 23.1 16.8 9.2 40.9 22.2 15.9 10.0 9.0 21.8 14.1 21.1
Occupied Year (a)
2001 1989 1961 2005 1988 1962 1952 1969 1973 1997 1955 2018 1991 2003 1997 1997 2001 2012 2020 1961 1969 1987 1989 1957 2011 1960 1957 1991 1996 1984 1995 1994 2002 1968 1987 2003 1992 1972 2020 1955 1986 2012 2005 1954 1978 2017 1975 1989 1998 1961 2008 2003 1988 1951 2005 1977 1961 1997
Number of Classrooms
59 42 36 36 65 45 36 52 59 52 24 73 61 63 62 68 61 55 76 29 50 50 62 38 69 36 54 53 62 44 44 61 61 53 38 61 62 48 77 44 61 61 36 40 60 61 61 40 60 52 63 61 57 30 36 39 61 53
Portable Classrooms
2 6 2 1 4 3
-
16 1 2 2 4 1 7 7 4 1 -
Square Footage
131,924 81,334 56,904 85,236 106,694 83,098 68,409 84,461 105,886 111,299 49,828 168,576 116,071 136,261 124,148 137,108 123,000 129,988 186,930 55,412 88,079 86,131 106,003 70,367 149,764 60,029 97,978 91,129 125,717 85,775 90,915 119,189 123,025 89,012 70,537 123,000 116,400 83,969 162,621 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 72,896 104,362 116,302
Capacity 925 662 562 562
1,025 712 562 837 925 837 412
1,162 962 987 975
1,063 962 887
1,212 450 800 800 975 600
1,087 562 875 862 975 700 700 962 962 862 600 962 975 762
1,237 700 962 962 512 637 937 962 962 637 937 837 987 962 900 462 562 612 962 862
162
COBB COUNTY SCHOOL DISTRICT CLASSROOM BUILDINGS, GRADE LEVELS AND ACREAGE JUNE 30, 2021
School Name Sedalia Park Shallowford Falls Smyrna Sope Creek 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 Cobb Horizon Harrison Hillgrove Kell Kennesaw Mountain Lassiter McEachern North Cobb Osborne Pebblebrook Pope South Cobb Sprayberry Walton Wheeler Hawthorne (Haven) Skyview (Haven) Devereux Georgia (c) South Cobb Early Learning
TOTALS
Grades K-5 K-5 K-5 K-5 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 6-12 K-12 1-12 PK
Active Enrollment
652 592 942 1,020 744 923 495 826 818 652 701 915 1,619 1,066 979 1,273 1,235 1,076 1,444 972 1,004 1,466 1,034 596 1,207 1,028 1,334 919 682 1,034 862 670 905 980 913 1,780 2,816 336 2,211 2,233 1,406 1,754 1,959 2,302 2,634 2,222 2,216 1,830 1,903 1,766 2,674 2,220
64 46 334 106,983
Size of Site (acres)
10.2 15.3 11.9 16.0 10.9 12.9 11.5 23.7 20.0 28.0 26.2 25.8 33.2 75.1 20.0 21.9 20.6 43.0 17.6 20.0 36.6 24.4 26.4 28.7 33.3 83.8 29.4 22.0 34.8 38.0 43.1 39.7 22.0 21.8 16.9 114.7 47.9
6.1 73.0 95.0 63.1 75.0 49.3 74.9 46.8 51.0 52.5 47.0 54.4 41.3 78.4 48.4 6.2 10.1
Occupied Year (a)
1956 1990 2013 1978 1978 1961 1990 1979 1991 1996 1964 2005 1951 2001 1965 1980 1975 1998 2018 1964 1972 1972 1993 1962 2001 1992 2006 1979 1980 2006 2001 1979 1988 1993 1975 2008 1964 2020 1991 2006 2002 2001 1980 1930 1957 1961 1963 1987 1951 1973 1975 1964 1958 1957
Number of Classrooms
58 61 61 73 62 52 39 60 62 60 64 71 87 71 72 73 73 71 84 68 60 70 62 42 71 70 71 71 58 71 71 56 59 70 70 100 132 22 133 100 104 102 107 126 147 119 80 98 134 107 144 112 18 30
8.4 3,000.2
1951
33 7,295
Portable Classrooms
2 3 6 2 4 6 10 14 -
110
Square Footage
99,735 112,620 143,107 133,344 117,539 108,100 73,450 109,769 109,827 122,260 156,660 178,465 220,228 170,905 177,356 166,048 183,798 173,487 222,963 166,551 152,212 186,947 149,038 123,621 179,170 165,107 175,345 165,479 149,577 191,209 175,974 169,809 143,888 169,345 157,435 330,289 370,227
94,627 444,830 319,000 321,068 319,000 376,835 504,107 485,833 469,966 264,915 336,955 420,443 297,400 466,505 434,631 32,500 50,270
65,127 17,874,386
Capacity 912 962 962
1,162 975 837 612 937 975 937
1,037 1,162 1,437 1,162 1,175 1,187 1,187 1,162 1,387 1,112
975 1,137 1,012
662 1,162 1,137 1,162 1,162
937 1,162 1,162
900 962 1,137 1,137 1,937 2,562 362 2,587 1,937 2,025 1,987 2,087 2,450 2,862 2,312 1,537 1,912 2,612 2,087 2,812 2,187 312 462
512 122,919
(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) Operated by unaffiliated non-profit entities. Enrollment reported by Cobb County School District; buildings do not belong to the district.
Source: District Records
163
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