COMPREHENSIVE ANNUAL FINANCIAL REPORT GRIFFIN-SPALDING COUNTY SCHOOL SYSTEM 
GRIFFIN, GEORGIA FISCAL YEAR ENDED JUNE 30, 2019 
 
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 BOARD MEMBERS R. Syntel Brown Barbara Jo Cook Will Doss Zachery Holmes Sue McDonald 
James D. Smith, Superintendent 
 
216 South Sixth Street P. O. Drawer N 
Griffin, Georgia 30224 Phone: (770) 229-3700 
Fax: (770) 229-3708 www.spalding.k12.ga.us 
Accredited by SACS and GAC 
 
October 28, 2019 
To the Honorable Members of the Griffin-Spalding County Board of Education and Citizens of Spalding County 
The Comprehensive Annual Financial Report of the Griffin-Spalding County School System (System) for the fiscal year ended June 30, 2019, is herewith submitted. The report was prepared by the Finance Department of the Griffin-Spalding County School System. Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with management. 
This report consists of management's representations concerning the finances of the System. To provide a reasonable basis for making these representations, management of the System has established a comprehensive internal control framework that is designed to protect the assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the financial statements in conformity with generally accepted accounting principles (GAAP). Because the cost of internal controls should not outweigh their benefits, the System's comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. As management, we assert that, to the best of our knowledge and belief, this report is complete and reliable in all material respects. 
Designed to meet the needs of a broad spectrum of readers of financial statements, this comprehensive annual financial report (CAFR) is divided into four major sections: 
 Introductory section  introduces the reader to the report and includes this transmittal letter, organizational chart of the System, and the list of elected and appointed officials. 
 Financial section  consists of the independent auditor's report, management's discussion and analysis, the basic financial statements, and combining and fund statements and schedules. 
 Statistical section  contains substantial financial information, but presents tables that differ from financial statements in that they present non-accounting data, cover several years, and are designed to reflect social and economic data and financial and fiscal trends as well as the fiscal capacity of the System. 
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  Single Audit section  contains auditor's reports on the internal control structure and compliance with applicable laws and regulations, schedule of expenditures of federal awards, and findings and questioned costs as required by the provisions of the Single Audit Act Amendments of 1996 and U.S. Office of Management and Budget Circular A-133, "Audits of State, Local Governments, and Nonprofit Organizations". 
Independent Audit 
In accordance with state law, an annual audit of the financial records, books of account, and financial affairs of the System has been made by an independent auditor. The goal of the independent audit was to provide reasonable assurance that the financial statements of the System for the year ended June 30, 2019, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. The auditor's opinion, as prepared by Robinson, Grimes and Company, P.C., is included within the financial section of this report. 
The independent audit of the financial statements of the System is part of a broader, federally mandated "Single Audit" process designed to meet the needs of federal grantor agencies. The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on the audited government's internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of federal awards. These reports are included in the Single Audit section of this report. 
Management's Discussion and Analysis 
GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial reports in the form of a management's discussion and analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The System's MD&A can be found immediately following the report of the independent auditors. 
System Profile 
The System was created pursuant to an amendment to the Constitution of the State of Georgia ratified in November 1952 and acts of the General Assembly of the State of Georgia. The System resulted from the consolidation of separate city and county school districts within the borders of Spalding County, Georgia. The System is a legally separate entity enjoying all rights and privileges accorded political subdivisions of the State of Georgia. The System is fiscally independent. Policymaking and legislative 
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 authority are vested in the Board of Education consisting of five members, each elected from single member districts. Board members, elected on a non-partisan basis, serve four-year staggered terms with no more than three board members elected every two years. The Board of Education is responsible for, among other things, developing policy, adopting the budget, levying taxes, incurring bonded debt with voter approval, and hiring all System employees. 
The primary purpose of the System is to provide public education for those who reside within the boundaries of Spalding County, Georgia. The philosophy of the System is that all students can and will learn in a safe and appropriate environment that supports the physical, emotional, mental and learning abilities of students. The vision of the school system is "to be an agent of change, transforming our students into future-ready learners and contributing members of society." The mission of the school system is "to empower students to graduate college and career ready." The vision and mission guided the development of a five year strategic plan. The strategic plan informs the development of a budget for the efficient use of resources to go towards expected outcomes. 
During the 2018-19 school year, the System serviced eleven elementary schools (prekindergarten through grade five), four middle schools (grades six through eight), and three high schools (grades nine through twelve). The third high school, A.Z. Kelsey Academy, opened in August 2007, as an alternative setting for students in need of additional academic emphasis and greater organizational structure. 
The System also operates a Program Challenge center, the Griffin Region College and Career Academy, and an alternative program. The Program Challenge center is for elementary school students qualifying for services under the gifted education program. These students experience a unique setting focused on gifted level activities. The Griffin Region College and Career Academy (GRCCA) opened for the first time during the 2016-17 school year. This program services three public school systems by providing career-related (vocational) and dual enrollment opportunities. GRCCA focuses on preparing students to fill local business and industry employment needs. The alternative program is for middle and high school students with disciplinary issues. 
The System served 10,353 students as of the student enrollment count taken in October 2018, a decrease of 30 from the prior year. Total enrollment includes 506 students served in the pre-kindergarten program funded through proceeds of the State of Georgia's lottery for education program. System enrollment has experienced little movement over the past several years. Current trends suggest that enrollment will remain constant for the foreseeable future in line with the slow, but steady, growth in county population. 
System of Internal Controls 
Management of the System is responsible for establishing and maintaining internal controls designed to ensure that the assets of the District are protected from loss, theft or misuse and to ensure that adequate accounting records are maintained to allow for the preparation of financial statements in conformity with generally accepted accounting 
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 principles. Internal controls over major business functions are subject to periodic evaluation by management. Included therein are controls over data processing functions as well as the security of backup information in the event of catastrophic damage or loss to the primary records. Financial policies adopted by the Board of Education are a primary component of the internal control system and are subject to annual review in light of current conditions. 
Budgetary Control 
The System adopts an annual budget for its funds. This budget acts as the financial operating plan for the entire year. Revisions may be implemented during the year authorizing a larger appropriation of available resources with approval from the Board of Education. All annual appropriations lapse at year-end with the exception of those indicated as assignment of fund balance. 
The development of the budget is a year-long process tied to the System's strategic plan. Staffing allocations are determined by a formula that takes into account maximum class sizes and equity components (e.g. economically disadvantaged, gifted). Goals and expected outcomes are established for various levels of investment and resource allocations are made based on estimates of the revenue available. 
The System Superintendent submits an annual budget to the Board of Education in May prior to the commencement of the new fiscal year on July 1. The budget includes proposed expenditures as well as the means of financing them. Public hearings are held on the budget after which the Board of Education adopts a budget for the year by resolution. In addition, under provisions of state law, public hearings must be held if the proposed property tax millage rate exceeds the rate of the prior year, or if the rate is not rolled back sufficiently to fully offset the effects of revaluation increases on the taxable value of property in the County. 
Budgetary control is maintained at the aggregate level for each budgeted fund. For fiscal year 2019, budgets were adopted for the general fund, special revenue fund, school nutrition fund, debt service fund, and capital projects fund. 
Major Initiatives 
The Board of Education adopted a five year strategic plan in 2015 to guide our instructional program. The plan will guide school system operations over a five year window (2016-2021). Four primary strategic directions form the framework of the strategic plan. 
 Student Performance o To increase graduation rates o To provide appropriate student support o To ensure mastery of the curriculum 
 Family and Community Engagement 
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 o To increase consistent family engagement o To increase business and community support o To increase community awareness of district improvement initiatives  Organizational Effectiveness o To ensure fiscal responsibility and accountability o To maintain a safe and inviting school environment o To provide effective and reliable operational processes  High Performing Staff o To provide relevant professional development o To evaluate staff effectively o To recruit and retain high performing staff 
Several instructional initiatives have been implemented to support these goals. Examples include the following programs. 
 Infinite Campus  student information system  Mastery Connect  data analysis software  Measures of Academic Progress (MAP)  student performance software  Read 180 and Math 180 for remediation  Instructional coaches for professional development  Credit recovery and summer enrichment program  Audio Enhancement program for recorded instruction, professional development 
and safety  Rigorous Curriculum Design (RCD)  curriculum guides for all grade levels in 
English/Language Arts, Math and Science  Special Entities 
o Program Challenge Elementary Gifted Center o Elementary Science Enrichment Center o A. Z. Kelsey Academy o Griffin Region College and Career Academy o Partnership with Southern Crescent Technical College o Partnership with University of Georgia  Griffin campus o Partnership with Georgia Institute of Technology o Elementary After School Program  Parent/Community Involvement o PTA/PTO o School Councils o Griffin-Spalding Partners in Education, Inc. o Archway Initiative 
Economic Condition and Outlook 
Spalding County, Georgia, has experienced modest economic growth over the past several years with a varied manufacturing and industrial base adding to the relative stability of the area. The county government completed the development of infrastructure for an eco-friendly, industrial park. New industrial companies continue to 
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 locate into the park. Since inception, five Japanese companies have announced selection of the park, with four completing construction. A Dollar General distribution center has completed construction on the border of Spalding County and Butts County. These companies have improved the industrial base within the county and are providing stability and potential for moderate growth in the tax digest. The announcement of additional companies are anticipated in the near future. Negotiations aimed at securing the new industries to Spalding County included abatements of school property taxes on real property at declining percentages for up to five years. Spalding County is currently considering the acquisition of new land for the next phase of an additional industrial park. In addition, a new airport inside Spalding County, one large enough to accommodate approximately 95% of the current commercial fleet, is progressing with the acquisition of property and is slated to open in 2022. 
The average annual unemployment rate in Spalding County dropped to 4.7% for calendar year 2018 from 5.8% the prior year. Southern Crescent Technical College and the University of Georgia  Griffin Campus have both experienced enrollment increases along with physical plant expansions designed to improve the level of preparedness of the available workforce. These expansions included a Film Institute, a Food Product Innovation Center and a Turf Grass facility. 
Countywide population changes mirror those experienced within the school system. Total population in Spalding County is estimated to have remained virtually unchanged over the past twelve months. For several years, the only significant residential development showing signs of construction activity has been designated as an "active adult community" with no school-age children to impact local enrollment. The county is seeing the construction of a new apartment complex that could impact enrollment. Building permits for new housing are increasing, but at a slow pace. SPLOST collections continue to remain strong, which has been a positive sign for the overall health of the local economy. 
Long-term Financial Planning 
Since 1997, SPLOST has been the primary funding vehicle available to school districts for the construction and renovation of school facilities and technology enhancement. Currently, school facilities have an average age of thirty-eight years. However, this includes buildings placed into service within the past five years as well as others that are over eighty years old. Despite the average age of facilities, SPLOST has allowed all schools to be renovated on a regular cycle. Spalding County voters approved an extension of SPLOST for a five year period ending June 30, 2020, and the issuance of bonds, covering a project list which included facility expansion and renovation along with the purchase of new technology for classroom use. Bonds were used for the construction of the Griffin Region College and Career Academy, technology infrastructure, and bus purchases. Work continued in fiscal year 2019 on renovations from SPLOST V. During FY20, the System will be preparing for the next SPLOST window (SPLOST VI). 
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 The System monitors budget related activity in the Georgia General Assembly. With the improving Georgia economy, funding for the System has also improved. Cuts to the state funding formula (amended formula adjustments) have been eliminated. The System has experienced increases to required expenditures such as classified employee health insurance rates for employers, teacher pay raises, and contributions to the Teachers Retirement System of Georgia. The System is focusing investments in the educational program based on the recommendations of a curriculum audit and the implementation of the strategic plan. This process requires the review and evaluation of operations to improve efficiency, including personnel allocations, employee benefits, software usage, specialized instructional programs, student transportation services, and technology infrastructure. Sustainability is a critical piece of budget planning. Budget items proposed for inclusion or modification are viewed in terms of the system's ability to sustain the item into the future. Adequate, available fund reserves are key to preserving the school system's ability to operate free of short-term borrowing to fund daily operations. As of June 30, 2019, fund balance for the System is 67 days of projected FY20 operations. Fund balance has steadily increased over the past five years and placed the System in a position of financial stability. 
Relevant Financial Policies 
During fiscal year 2019, financial policies related to purchasing and procurement continued to be important, particularly with the increase in federal funds coming to the school system. In particular, the establishment of procedures surrounding the purchase of computer hardware and software while maintaining compliance with applicable federal grant guidelines was significant. In addition, an annual review is conducted of all financial policies to determine the need for any additions or changes. 
Awards 
The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the System for its Comprehensive Annual Financial Report for the year ended June 30, 2018. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government financial reports. 
In order to be awarded a Certificate of Achievement for Excellence, a governmental unit must publish an easily readable and efficiently organized comprehensive annual financial report whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements. 
A Certificate of Achievement is valid for a period of one year. This is the fourteenth consecutive year that the System has received this prestigious award. We believe our current report continues to conform to the Certificate of Achievement program requirements, and we will be submitting it to GFOA to determine its eligibility for another certificate. 
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 The Certificate of Excellence in Financial Reporting is presented to 
Griffin-Spalding County School System 
for its Comprehensive Annual Financial Report (CAFR) for the Fiscal Year Ended June 30, 2018. 
The CAFR meets the criteria established for ASBO International's Certificate of Excellence. 
 
Tom Wohlleber, CSRM President 
 
Siobhn McMahon, CAE Chief Operating Officer 
 
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 GRIFFIN-SPALDING COUNTY SCHOOL SYSTEM BOARD OF EDUCATION 
FUNCTION AND COMPOSITION 
 
The Griffin-Spalding County Board of Education governs all matters relating to education and operations in the Griffin-Spalding County School System, as provided by Georgia law. 
 
The Board is responsible, through its oversight function, for maintaining a reasonable and uniform system of public schools serving students in grades pre-kindergarten through 12. With the advice of the Superintendent, the Board determines policies and prescribes rules and regulations for the management of the school system. This includes, but is not limited to, adopting system wide goals and objectives, developing a financial budget for the school year, and receiving regular reports on the progress of serving students and families through out the year. 
 
The Board currently consists of five members elected from single member districts. The Board has independent taxing authority for the purpose of funding public education inside Spalding County, Georgia. 
 
Regular meetings of the Board of Education are held on the first Tuesday of each month beginning at 6:00 p.m. and workshops are held on the third Tuesday of each month at 4:00 p.m. in the Board meeting room of the main administration building located at 216 South Sixth Street, Griffin, Georgia. Special meetings may be called at other times by the Board Chairperson. At all meetings, a majority of the entire membership constitutes a quorum. All meetings are open to the public. 
 
The Board elects a Chairperson and Vice-Chairperson annually from its members. 
 
As of June 30, 2019, the members of the Board of Education and dates of expiration of their terms are as follows: 
 
Term Name__________________________Title_______________Expiration 
 
Mr. Willliam B. Doss Mr. Zachery B. Holmes Mr. Syntel Brown Mrs. Barbara Jo Cook Ms. Sue McDonald 
 
Chairperson Vice-Chairperson Member Member Member 
 
12/31/20 12/31/22 12/31/22 12/31/20 12/31/22 
 
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 GRIFFIN-SPALDING COUNTY SCHOOL SYSTEM ADMINISTRATIVE STAFF As of June 30, 2019 
 
EXECUTIVE ADMINISTRATION James D. Smith Dr. Kiawana Kennedy Joanie Mullins 
 
Superintendent of Schools Deputy Superintendent Administrative Assistant to Superintendent 
 
DIVISION OF INSTRUCTIONAL SERVICES 
 
Sara Jones 
 
Executive Director of Instruction 
 
Ashley Crawford 
 
Director of K-12 Curriculum 
 
Michele Purvis 
 
Director of School Improvement 
 
Melvina Crawl 
 
Director of Professional Development 
 
Shelia Mincey 
 
Director Program Evaluation and 
 
Assessment/Special Education 
 
Ashley McLemore 
 
Director of Federal Programs 
 
DIVISION OF ADMINISTRATIVE SERVICES 
 
Anthony Aikens 
 
Executive Director of Administrative Services 
 
Bruce Ballard 
 
Director of Facilities and Construction 
 
Todd Harris 
 
Director of Pupil Transportation 
 
Tiffany Lawrence 
 
Director of Nutrition Services 
 
Bonita Fluker 
 
Director of Student Services 
 
Lonny Harper 
 
Director of Instructional Technology 
 
Josh Griffis 
 
Director of Administrative Technology 
 
DIVISION OF ELEMENTARY EDUCATION 
 
Dr. Norman Sauce 
 
Executive Director of Elementary Education 
 
Dr. Chris Bearden 
 
Director of Pre-Kindergarten/ELL 
 
DIVISION OF ELEMENTARY EDUCATION 
 
Dr. Donald Warren 
 
Executive Director of Secondary Education 
 
Laura Ergle 
 
Director of GRCCA and CTAE 
 
FINANCE Ryan McLemore 
 
Chief Financial Officer 
 
HUMAN RESOURCES Stephanie Dobbins Edna Aikens 
 
Executive Director of Human Resources Assistant Director of Human Resources 
 
SCHOOL AND COMMUNITY SERVICES 
 
Kimberly Willis-Green 
 
Executive Director of Communications and 
 
Partnerships 
 
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 GRIFFIN-SPALDING COUNTY SCHOOL SYSTEM ADMINISTRATIVE STAFF (continued) As of June 30, 2019 
 
SCHOOL PRINCIPALS Pearla Hodo Tiffany Campbell Dr. Renee Mallard Hoby Davenport Natalie Wood Ben Steele Julie Robinson Dottie English Gloria Brown Stan Mangham Larry Jones Tiffany Taylor Derrick Dalton Gregory Gardner Laura Jordan Darrell Evans Lindy Pruitt Stephanie Evans 
 
Anne Street Elementary School Atkinson Elementary School Beaverbrook Elementary School Cowan Road Elementary School Crescent Road Elementary School Futral Road Elementary School Jackson Road Elementary School Jordan Hill Road Elementary School Moore Elementary School Moreland Road Elementary School Orrs Elementary School Carver Road Middle School Cowan Road Middle School Kennedy Road Middle School Rehoboth Road Middle School Griffin High School Spalding High School A.Z. Kelsey Academy 
 
LEGAL COUNSEL Timothy N. Shepherd, P.C. 
INDEPENDENT AUDITORS Robinson, Grimes & Company, P.C. 
 
Griffin, Georgia Columbus, Georgia 
 
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5637 Whitesville Rd. P.O. Box 4299, Columbus, Georgia 31914  Telephone 706-324-5435  Fax 706-324-1209  Email info@robinsongrimes.com Members of: American Institute of CPAs and related Private Companies Practice Section, 
Employee Benefit Plan Audit Quality and Government Audit Quality Center  Center for Audit Quality  Georgia Society of CPAs  CPAmerica International 
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 Griffin-Spalding County School System Management's Discussion and Analysis 
For the Year Ended June 30, 2019 
The discussion and analysis of Griffin-Spalding County School System's (herein referred to as the "System") financial performance provides an overall review of the System's financial activities for the fiscal year ended June 30, 2019. The intent of this discussion and analysis is to look at the System's financial performance as a whole. Readers should also review the financial statements and notes to the financial statements to enhance their understanding of the System's financial performance. 
Financial Highlights 
 The assets of the System exceeded its liabilities at June 30, 2019, by $41,891,813. 
 Net position increased by a total of $9,680,357 from the beginning of the year. The increase is attributable to Special Purpose Local Option Sales Tax (SPLOST) revenue which financed investments made in capital assets during the year and a decrease in Other Post-employment Benefits (OPEB) expense. 
 The System-wide Statement of Net Position includes the employer's proportionate share of pension liabilities in accordance with GASB 68 and the net Other Post-employment Benefits (OPEB) liability in accordance with GASB 75. Net pension liability as of June 30, 2019, was $90,835,778. Net OPEB liability as of June 30, 2019, was $80,605,763. 
 At June 30, 2019, the System's General Fund reported a fund balance of $18,056,230, an increase of $648,254 from the prior fiscal year. Of this total, $559,064 has been committed to the risk management function in compliance with GASB 54. Unassigned fund balance totaled $17,497,166. 
 SPLOST collections in fiscal year 2019 increased 7.45% as compared to collections in fiscal year 2018. 
 The System's current general obligation bond indebtedness, net of related premiums, is $12,022,577. Principal and interest debt service payments were made in FY19 in the amount of $1,770,000 and $591,501, respectively. 
Overview of the Financial Statements 
This discussion and analysis is intended to serve as an introduction to the System's basic financial statements. The basic financial statements comprise three components: 1) System-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. 
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 System-wide Financial Statements 
The System-wide financial statements are designed to provide readers with a broad overview of the System's finances in a manner similar to a private-sector business. 
The Statement of Net Position presents information on all of the System's assets and liabilities with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the System is improving or deteriorating. It is important to note that this statement consolidates the System's current financial resources (short-term) with capital assets and long-term liabilities. 
The Statement of Activities presents information showing how the System's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods (e.g. uncollected taxes, etc.) 
Fund Financial Statements 
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The System, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the System can be divided into two categories: governmental funds and fiduciary funds. 
Governmental Funds 
Most of the System's activities are reported in governmental funds focusing on how money flows in and out of those funds and the balances left at year-end available for spending in future periods. The governmental fund statements provide a detailed shortterm view of the System's general government operations and the basic services it provides. Governmental fund information helps determine whether there are more or less financial resources that can be spent in the near future to finance educational programs. 
Fiduciary Funds 
The System is the trustee, or fiduciary, for assets that belong to others such as club and class funds and payroll withholding funds. The System is responsible for ensuring assets reported in these funds are used only for their intended purposes and by those to whom the assets belong. 
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 Notes to Financial Statements 
The notes provide additional information that is essential to a full understanding of the data provided in the system-wide and fund financial statements. 
System-wide Financial Analysis 
As noted earlier, net position may serve over time as a useful indicator of a government's financial position. As of June 30, 2019, System assets exceeded liabilities by $41,891,813. 
Assets By far, the largest portion the System's total assets (72.36 percent) reflects its investment in capital assets (e.g. buildings, land, machinery and equipment, construction in progress) net of depreciation related to those assets. The System uses the capital assets to provide services to our students, faculty, and community; consequently, these assets are not available for future spending. Capital asset increases are directly related to the continued investment of Special Purpose Local Option Sales Tax (SPLOST) revenues into renovation work, buses, and instructional technology. Current and other assets held relatively steady compared to the prior year. Cash and cash equivalents and property taxes receivable were slightly higher than FY18. 
Deferred outflows and inflows of resources Deferred outflows of resources represents a consumption of resources that applies to a future period and therefore will not be recognized as an outflow of resources until then. Deferred inflows of resources represents an acquisition of resources that applies to a future period and therefore will not be recognized as an inflow of resources until that time. These two financial statement elements represent the System's contributions to the pension plans and other post-employment benefits as well as the changes in assumptions and actuarial values of those plans. Deferred outflow of resources increased $5,692,497 and deferred inflow of resources increased $11,321,261 based on the changes in the contributions and actuarial values. Note 11, Retirement Plans, and Note 12, Other PostEmployment Benefits (OPEB) provide details for the calculation of these amounts. 
Liabilities Liabilities included significant changes in three areas: bonds payable, proportionate share of net pension liability and proportionate share of net OPEB liability. Bonds payable decreased due to the payment of $1,770,000 in principal during FY19. Proportionate share of net pension liability and net OPEB liability represent the System's share of state pension plans (e.g. TRS, ERS, PSERS) and health insurance (State Health) for retirees. These liabilities are based on actuarial values provided by the respective pension plans and State Health Benefit Plan. Note 11, Retirement Plans, and Note 12, Other Post-Employment Benefits (OPEB) provide details for the calculation of these amounts. 
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 The following chart details the major categories of assets, liabilities, and net position with a comparison to the prior fiscal year. 
 
Griffin-Spalding County School System Net Position  as of June 30, 2019 and 2018 
 
Governmental Activities 
 
FY 2019 
 
FY 2018 
 
Current and other assets Capital Assets 
Total assets 
 
$ 
 
65,514,579 
 
171,530,339 
 
237,044,918 
 
$ 65,218,471 168,399,995 233,618,466 
 
Deferred Outflows of Resources 
 
23,548,729 
 
17,856,232 
 
Current and other liabilities Long-term liabilities 
Total liabilities 
 
20,361,524 178,564,118 198,925,642 
 
16,918,959 193,889,352 210,808,311 
 
Deferred Inflows of Resources 
 
19,776,192 
 
8,454,931 
 
Net Position: Net investment in capital assets Restricted Unrestricted 
Total net position, as restated 
 
159,507,762 
 
28,995,707 
 
(146,611,656) 
 
$ 
 
41,891,813 
 
154,269,357 29,458,799 (151,516,700) $ 32,211,456 
 
Net Position The System's total net position represents resources that are subject to external restrictions on how they may be used. Comprising the majority of restricted net position are assets being accumulated for use in capital projects accounting for 89.67% of total restricted net position. The remaining 10.33% of restricted net position represents nonexpendable, permanent funds and funds set aside for the continuation of federal and other programs. 
Unrestricted net position includes the school system's proportionate share of the collective net pension liability in each cost sharing benefit plan in which the district participates. For the second year, the net Other Post-employment Benefits (OPEB) liability was also recorded to reflect the school system's share of healthcare benefits for retirees. The net pension liability was first recorded on the FY2015 system-wide financials as part of the implementation of GASB 68. The net OPEB liability was recorded in FY2018 as part of the implementation of GASB 75. Because of these 
 
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 changes, the System continues to report a deficit unrestricted net position on the Systemwide Statement of Net Position. 
Changes in Net Position from Operating Results 
Net position increased $9,680,357 from operating results in the fiscal year ended June 30, 2018, compared to an increase of $1,274,851 in the prior fiscal year. 
Revenues In 2019, the System's total revenues increased $4,285,472 (3.52%) over FY18. 
 Operating grants and contributions increased by 2.48%, or $2.09 million, primarily due to an increase in the State QBE funding formula which takes into account student growth (FTEs) and increased funding for salary and benefit costs. The primary driver of additional QBE funds was a 24.33% increase in the employer's contribution to the Teachers Retirement System of Georgia (TRS), which is in the funding formula. 
 General property taxes increased $839,850. Ad valorem taxes showed a steady increase while Title Ad Valorem Taxes (TAVT), a tax on motor vehicles, increased $282,751. 
 Special Purpose Local Option Sales Tax (SPLOST) increased 7.45%, or $.67 million, due to strong growth in spending in the local economy. 
 Investment earnings increased 70.99%, or $.42 million, as interest rates on the GA Fund I investment pool improved from 1.86% to 2.41% on higher average account balances. 
Expenses In 2019, the System's total expenses decreased $4,120,034 (3.42%) over FY18. 
 Pension expense and OPEB expense decreased $3.90 million. This expense is spread out among the functional categories. 
 Food service operations expenses decreased $1.05 million due to lower payroll related to position vacancies and lower food costs from a decrease in USDA products received and used. 
 Depreciation expense increased $.28 million with increased investments in capital projects. 
Key elements of the increase are as follows on the next page: 
-8- 
 
 Griffin-Spalding County School System Changes in Net Position from Operating Results 
 
Revenues Program revenues: 
Operating grants and contributions Charges for services 
General revenues: Property taxes Special purpose local option sales tax Other general revenues Total revenues 
Expenses Instruction Pupil support services Improvement of instructional services Educational media services General and school administration Business administration Maintenance and operation of plant Student transportation services Central support services Other support services Food service operations Community services operations Interest on long-term debt Unallocated depreciation Total expenses 
 
Governmental 
 
Activities 
 
FY 2019 
 
FY 2018 
 
Change 
 
$ 86,216,523 1,055,032 
 
$ 84,128,840 806,326 
 
2.5% 30.8% 
 
27,951,586 9,691,463 1,021,885 
125,936,489 
 
27,111,736 9,019,297 584,818 
121,651,017 
 
3.1% 7.5% 74.7% 3.5% 
 
67,870,442 3,508,379 7,030,486 1,690,025 
11,067,871 466,909 
9,405,687 5,331,174 1,716,182 1,013,974 6,104,243 
216,000 392,440 442,320 116,256,132 
 
70,571,495 3,573,107 7,004,975 1,761,282 11,433,594 442,700 9,148,396 5,596,906 1,972,739 903,044 7,156,285 217,390 276,066 318,187 
120,376,166 
 
-3.8% -1.8% 
.4% -4.0% -3.2% 5.5% 2.8% -4.7% -13.0% -12.3% -14.7% -.6% 42.2% 39.0% -3.4% 
 
Increase in net position Net position, beginning of year Net position, end of year 
 
9,680,357 32,211,456 $ 41,891,813 
 
1,274,851 30,936,605 $ 32,211,456 
 
30.1% 
 
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 Financial Analysis of the System's Funds 
General Fund Budgetary Highlights 
The System's budget is prepared in accordance with Georgia law and is based on accounting for certain transactions on the modified accrual basis of accounting. The System uses site-based budgeting and the budgeting system is designed to tightly control site budgets but provide flexibility for site management. 
The most significant budgeted fund is the general fund. The original fiscal year 2019 budget, as adopted, projected a use of fund balance in the amount of $523,326. The use of fund balance was tied to specific initiatives in a curriculum audit and strategic plan. Revenues were projected to be $92,374,144 and expenditures and other financing uses were projected to be $92,897,470. These amounts represented an increase of .91% from fiscal year 2018 actual revenues and an increase of 1.49% from fiscal year 2018 actual expenditures. The System's earnings under the State's Quality Basic Education (QBE) funding formula increased significantly. With sustained revenue growth, the Georgia General Assembly was able to eliminate the "amended formula adjustment," which has negatively impacted the funding formula for sixteen years. This formula adjustment effectively decreased the amount of funding earned by school systems according to the QBE formula in order to meet state revenue projections. With the increase in funding; however, came increases in mandated costs. These costs included a full year of an increase in the employer's cost for health insurance for classified employees ($945/month), the required longevity steps on the state salary schedule for certified employees, and a 24.33% increase in the employer's contribution to the Teachers Retirement System of Georgia (TRS). The System also received additional state funds from the equalization grant due to the System's decrease in rankings comparing the relative property wealth per student among Georgia school districts. Budgeted revenues for property taxes and the Title Ad Valorem Tax increased to reflect a decrease in exemptions for industrial properties and an upward trend in the collection of taxes from the sale of motor vehicles. The Board of Education adopted a local property tax millage rate of 18.066, a decrease of .138 mills. 
The final amended general fund budget added $1,404,887 to revenues, an increase of 1.52% from the original budget for the year. The amended budget included a decrease to state revenues. In June 2019, the State instituted a State Health Benefit Plan (SHBP) Employer Contribution Holiday which eliminated the employer share of health cost for the month of June. While revenues through the QBE funding formula decreased, the net result was positive since the school system has health insurance costs that far exceed the amount allotted in the formula. Despite the decrease in state funds, local revenues were amended to reflect better collections of property tax and Title Ad Valorem taxes as well as rising investment revenues associated with higher interest rates. Amended revenues also included the addition of several local and state grants received during the year. 
The original budget for fiscal year 2019 included appropriated expenditures of $92,897,470. The original budget included funding for a 175 day instructional calendar 
-10- 
 
 with teachers working 190 days, five additional teachers, a longevity step for all eligible employees, and a 24.33% increase to the employer's contribution rate to the Teachers Retirement System of Georgia. FY19 funding initiatives also included the second phase of the development of comprehensive curriculum guides for social studies and specific elective courses, school resource officers at middle and high schools, and transfers to subsidize the nutrition and Pre-Kindergarten programs. 
As the year progressed, an amended budget totaling $94,550,375 was approved by the Board of Education, an increase of $1,652,905 in appropriated expenditures. For internal budgeting purposes, the self-insured workers compensation fund and after-school program are maintained separate from the general fund; however, the amended budget includes collapsing these two accounts into the general fund for the preparation of financial statements. Similar to the revenue side, additional expenditures include several local and state grants received during the year. 
General Fund Operations 
The general fund finished fiscal year 2019 with a fund balance of $18,056,230, an increase of $648,254 from fiscal year 2018. $559,064 of the fund balance was committed to the risk management function in compliance with GASB 54. Actual revenues exceeded budget projections by $343,210 while actual expenditures were $1,018,164 lower than budgeted. 
Local revenue sources represented 31.18% of total general fund revenues for the year, down from 31.43% in the prior year. Local revenues exceeded budgeted projections by $422,762. Ad valorem property taxes came in under budget by $80,860. Property taxes are dependent on collection rates of current and prior years while the Title Ad Valorem Tax relates to the volume of vehicles sold during the year. Property taxes held relatively flat while Title Ad Valorem Tax collections increased significantly. State revenues came in on target with the budget difference representing some unused grant funds. Federal revenues are comprised of two items, Medicaid reimbursements for speech services and funding for the Junior Reserve Officers' Training Corps (JROTC) program. Due to a staff vacancy in the program, the System did not receive funds for the position and the resulting federal revenues were less than budgeted. 
At year end, total expenditures were under budget by $1,018,164. Expenditures for direct classroom instruction (e.g. teacher salaries and benefits, textbooks, classroom supplies, etc.) accounted for 62.13% of total general fund expenditures, slightly down from the prior fiscal year. Savings in expenditures were spread out among the functional categories. Areas of savings include personnel changes that occur from the time of budget adoption to the end of the year. The budget is a snapshot at one point in time and the school system experiences a significant amount of change in personnel over the summer and throughout the year. This change can lead to savings in salaries as new personnel fill positions held by retirees, people add or drop health benefits, or positions remained unfilled for a period of time. One large area of savings came with the SHBP 
-11- 
 
 Employer Contribution Holiday. The System did not have to pay the State Health bill for the month of June which saved the System approximately $869,000. 
The following chart details the major components of revenues and expenditures by function for fiscal year 2019, a comparison of changes with the previous fiscal year, and the change in fund balance for the general fund. 
Griffin-Spalding County School System General Fund - Revenue and Expenditures Comparison 
 
Revenues State Federal Local and other Total revenues 
Expenditures Instruction Pupil support services Instructional staff support Media Services General and school administration Business administration Maintenance and Operations Student Transportation Other support services Community services School Nutrition Services Total expenditures 
Other Financing Sources (Uses) Proceeds from sale of assets Transfers in/(out) Total other financing sources (uses) 
 
Amount 
 
% of Total 
 
$ 64,435,501 504,310 
28,773,516 $ 94,360,013 
 
68.29 0.53 
31.18 100 
 
$ 57,866,372 2,130,706 4,122,176 1,668,656 
10,379,527 480,116 
8,474,516 5,302,206 2,668,779 
215,222 66,707 
$ 93,374,983 
 
61.97 2.28 4.41 1.79 11.12 0.51 9.08 5.68 2.86 0.23 0.07 100 
 
21,891 (358,667) $ (336,776) 
 
Increase (Decrease) 
Over FY2018 
$ 2,270,494 (97,441) 646,686 
$ 2,819,739 
$ 1,166,758 181,614 264,731 58,312 448,688 43,883 285,794 374,395 
(150,200) 2,817 
(3,990) $ 2,672,802 
 
Net change in fund balance 
 
$ 648,254 
 
-12- 
 
 General fund  changes in fund balance 
State revenues increased $2.27 million due to funding for a 24.33% increase to the cost of contributions to the Teachers Retirement System of Georgia and the elimination of the amended formula adjustment. This increase was partially offset by a decrease in funding for health insurance due to the SHBP Employer Contribution Holiday. Increases in Title Ad Valorem Tax collections combined with increases in investment earnings comprise the bulk of the change in local revenues. 
The largest impact to functional categories was the increase in the TRS contribution rate. The increase in the cost of TRS for the general fund was approximately $1.9 million spread out among the functional categories. More significant increases to functional categories were partially offset by the SHBP Employer Contribution Holiday, which eliminated the cost of health insurance for one month (June). The savings from this holiday amounted to approximately $869,000. Other factors in the changes between years include the following: 
 Direct instruction includes five additional teachers. Instructional staff also received a longevity step (pay increase) on their respective salary schedules. 
 Instructional staff support includes the second phase of a significant investment toward the development of curriculum guides following the Rigorous Curriculum Design (RCD) process. 
 Maintenance and operations and transportation, which have few expenditures related to TRS, include a longevity step (pay increase) on the salary schedule for eligible employees and an increase in health insurance expenditures for classified employees. 
Capital Projects Fund Operations 
The capital projects fund is used to account for school construction and the purchase of large capital assets. Current capital construction costs continue to be paid directly from prior receipts collected during the 2007 SPLOST (SPLOST III) and 2012 SPLOST (SPLOST IV) cycles and current receipts from the 2015 SPLOST (SPLOST V). SPLOST collections in fiscal year 2019 increased 7.45% compared to fiscal year 2018 with receipts of $9,691,463 and $9,019,297, respectively. 
Capital project expenditures primarily consisted of renovation work on SPLOST V projects. These projects included the Griffin Region College and Career Academy, Moore Elementary, and A.Z. Kelsey Academy. Expenditures also included instructional technology and school buses. The fund balance for the capital projects fund reflects amounts collected for use on projects not yet begun. 
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 Debt Service Fund Operations 
 
The debt service fund is used to accumulate resources for the retirement of long-term debt. The System issued general obligation sales tax bonds in the amount of $13,370,000 in FY16 for capital projects to fund the initial construction of the Griffin Region College and Career Academy, the installation of system-wide instructional technology and bus purchases. The fund reflects principal and interest payments in the amount of $1,770,000 and 591,501, respectively. 
Capital Assets and Debt Administration 
Capital Assets 
 
The System's investment in capital assets for its governmental activities as of June 30, 2019, totaled $171,530,339, net of accumulated depreciation. The investment in capital assets includes land, buildings, vehicles, and equipment used in providing services to our students and community as well as construction in progress on several building projects. 
 
Many of the changes to the System's capital asset accounts came from the renovation of existing buildings. Renovation work at Memorial Stadium, Griffin Region College and Career Academy, Moore Elementary, and A.Z. Kelsey Academy constituted the majority of the year's activity. Note 4 to the basic financial statements provides additional information on the System's capital assets including a detailed breakdown of the types of capital assets included in the computation of depreciation charges. As of June 30, 2019, 26.83% of the cost basis of depreciable assets had been taken as a depreciation charge since the various assets were placed in service. A summary of capital assets follows. 
 
Griffin-Spalding County School System Capital Assets, Net of Accumulated Depreciation 
 
FY 2019 
 
Governmental Activities 
 
FY 2018 
 
Land 
 
$ 
 
Construction in progress 
 
Buildings 
 
Building Improvements 
 
Vehicles and Equipment 
 
3,365,294 $ 1,347,670 97,738,338 61,600,128 7,478,909 
 
3,360,708 1,152,494 99,483,914 56,872,520 7,530,359 
 
Total 
 
$ 
 
171,530,339 $ 
 
168,399,995 
 
-14- 
 
 Debt Administration 
The Griffin-Spalding County School System issued General Obligation Sales Tax Bonds, Series 2015, in July 2015. The proceeds of this bond issuance has gone toward the following 2015 SPLOST (SPLOST V) projects: Griffin Region College and Career Academy, the System-wide installation of the Audio Enhancement classroom technology product, and bus purchases. 
At June 30, 2019, the System had $12,022,577 in outstanding general obligation bond indebtedness, net of related premiums. The current debt limitation for the System is $144,019,992 based on state law limiting the amount of general obligation debt a government entity may issue to ten (10) percent of the total assessed value of taxable property. 
The System maintains a rating of AA from Standard & Poor's for general obligation debt subject to the State intercept program. 
Additional information on the System's long-term debt can be found in Note 5 to the basic financial statements. 
Outlook for the Future 
The System continues to maintain a strong financial position. As the economic position of the State has improved, so has the funding for the school system. FY19 saw the elimination of the cut to the State funding formula, known as the "amended formula adjustment." This cut existed since 2003 and its elimination was a welcome sign of an improving economy. The largest increases in funding were tied to increases in mandated costs such as the employer's contribution to the Teachers Retirement System of Georgia and longevity steps on the state salary schedule for certified employees (e.g. teachers). Throughout the past year and into FY20, state revenues improved. The State increased funds for public education significantly by providing $3,000 pay raises to certified staff. Month to month growth in state revenues is slowing; however, funding for public education is not expected to decline. 
The assessed net value of the county property digest increased approximately 6.9% in 2019 due to a large amount of property revaluations. Taxable property from new growth increased $49.3 million in the 2019 tax digest, but much of the increase was offset by a $34.9 million increase in exemptions. As part of the 2019 tax digest, voters in the county approved an assessment freeze on the value of property for seniors aged 65 and older. The school system will have to monitor the impact of the freeze since the state funding formula disregards local exemptions when calculating the value of 5 mills of tax (Local Five Mill Share) removed from the state allotment to the school system. The increase in the tax digest typically has an inverse relationship with funding the system receives through the Equalization Grant, a significant source of funding. The grant can have large shifts from one year to the next, so the System will have to be prepared for movement in this allocation. 
-15- 
 
 Effective for FY20, the State changed the allocation percentages to local governments for the Title Ad Valorem Tax (TAVT). TAVT works in a similar manner as a sales tax on motor vehicles and is incrementally replacing motor vehicle property taxes on the tax digest. TAVT has shown very strong increases year over year. The change in the allocation percentage is a beneficial shift to local governments and is expected to result in a sizable increase in TAVT revenues for the Griffin-Spalding County School System. The first few months of collections have shown this to be the case. The increase in this revenue source is anticipated to offset potential declines in state funding based on the increases in Local Five Mill Share and declines in the equalization grant funding. 
The Board of Education adopted a millage rate of 17.077 mills, a decrease of .989 mills. This millage rate is the rollback rate that takes into account digest growth from revaluations. By adopting the rollback rate, the System negates the effect of the increased digest from revaluations. While negating the portion of growth from revaluations, the System will receive approximately $250,000 in additional property taxes from new growth. The Board of Education will continue to be mindful in obligating funds for programs and uses that might be needed to cover expenses not funded through state appropriations. 
As of June 30, 2019, the General Fund reflected a fund balance of $18,056,230, translating to 67 days of operation based on the fiscal year 2020 budget. Of this balance, $559,064 was committed for risk management purposes by the Board of Education. Through careful planning, the System has been able to make intentional investments in the instructional program without having to resort to drastic changes from one year to the next. The fiscal year 2020 budget includes a 175 day student calendar with 190 work days for teachers, a $3,000 pay raise for certified staff (e.g. teachers), a 3% pay raise for classified staff (e.g. custodians), a longevity step for eligible employees on employee pay scales, funding for the third phase of development of curriculum guides for elective courses, and support positions at the school level. Financial decisions focus on the sustainability of programs or costs and performance metrics tied to strategic objectives of the system. 
We expect student enrollment to remain constant for the foreseeable future. Residential growth has been limited to a senior community in the county; however, building has started for a new apartment complex. The county's industrial park continues to pick up new industries, albeit at a slow pace. Initially, these industries include abatements in school property taxes, but a regular phase out of these abatements will help the digest to grow over time. Overall, growth in population and new construction is incremental. 
Requests for Information 
This financial report is designed to provide a general overview of Griffin-Spalding County School System's finances for those with an interest in the System's finances. Questions concerning any of the information provided in this report or requests for additional information should be addressed to Ryan McLemore, CFO, Griffin-Spalding County School System, P.O. Drawer N, Griffin, Georgia 30224. Alternatively, you may send requests to the following e-mail address: ryan.mclemore@gscs.org. 
-16- 
 
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-80- 
 
 STATISTICAL SECTION (UNAUDITED) 
 
This part of the System's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, notes, and required supplementary information says about the System's overall financial health. 
 
Contents 
 
Financial Trends 
 
Page 82 
 
These schedules contain trend information to help the reader understand 
 
how the System's financial performance and well-being have changed 
 
over time. 
 
Revenue Capacity 
 
87 
 
These schedules contain information to help the reader assess the System's 
 
most significant local revenue source, the property tax. 
 
Debt Capacity 
 
95 
 
These schedules present information to help the reader assess the 
 
affordability of the System's current levels of outstanding debt and 
 
the System's ability to issue additional debt in the future. 
 
Demographic and Economic Information 
 
100 
 
These schedules offer demographic and economic indicators to help 
 
the reader understand the environment within which the System's 
 
financial activities take place. 
 
Operating Information 
 
105 
 
These schedules contain service and infrastructure data to help the reader 
 
understand how the information in the System's financial report relates 
 
to the services the System provides and the activities it performs. 
 
Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year. 
 
-81- 
 
 -82- 
 
Assets: Cash and cash equivalents Property taxes receivable Due from other governments Other receivables Note receivable Investments Inventories Prepaid assets Capital assets not depreciable Capital assets, net of accumulated depreciation Other assets (net of accumulated amortization) 
Total assets 
Deferred Outflows of Resources: 
Liabilities: Accounts payable and other current liabilities Accrued interest payable Unearned revenue Bonds payable - due within one year Long-term liabilities: Capitalized lease obligations - due within one year Capitalized lease obligations - due in more than one year Bond premium Bonds payable - due in more than one year Net pension liability Net OPEB liability 
Total liabilities 
Deferred Inflows of Resources: 
Net Position: Net investment in capital assets Restricted for: Capital projects Debt service Other purposes Unrestricted 
Total net position 
1 First year of implementation of GASB Statement No. 68. 2 First year of implementation of GASB Statement No. 75. 
 
Griffin-Spalding County School System Comparative Statement of Net Position, Last Ten Fiscal Years 
 
2010 
$40,383,138 2,150,347 6,856,779 593,176 332,270 1,050,000 65,202 
9,104,843 120,065,795 
82,776 
180,684,326 
 
2011 
$33,498,312 2,780,354 9,675,630 983,744 272,270 1,050,000 51,577 52,000 
13,792,646 117,476,627 
46,591 
179,679,751 
 
2012 
$32,831,774 2,564,245 
11,195,238 250,087 212,270 
1,050,000 126,169 
10,866,707 124,186,955 
10,407 
183,293,852 
 
2013 
$35,266,312 2,969,255 
10,191,867 308,194 152,270 
1,075,483 13,029 6,135 
15,374,752 122,020,657 
11,926 
187,389,880 
 
Fiscal Year 
 
2014 
 
20151 
 
$39,502,468 3,135,866 9,594,956 317,248 77,270 1,059,715 27,016 
 
$44,312,538 2,767,012 9,661,485 359,288 
554,774 127,417 
 
3,700,571 134,764,729 
50,462 
 
12,724,954 133,416,521 
96,987 
 
192,230,301 204,020,976 
 
6,826,825 
 
2016 
$54,214,718 2,283,426 9,759,490 374,631 
50,000 156,463 
7,241,265 146,330,095 
93,602 
220,503,690 
7,667,253 
 
2017 
$47,512,338 2,614,790 
14,641,094 362,339 
20,000 164,854 
17,713,117 147,237,307 
67,109 
230,332,948 
24,905,028 
 
20182 
$50,924,778 1,863,733 
11,858,666 250,161 
20,000 172,138 
4,513,202 163,886,793 
128,995 
233,618,466 
17,856,232 
 
2019 
$51,020,815 1,797,334 
12,138,799 309,616 
20,000 145,581 
4,712,964 166,817,375 
82,434 
237,044,918 
23,548,729 
 
14,655,769 
265,894 4,495,000 
192,021 289,922 122,838 9,505,000 
29,526,444 
 
12,561,257 
276,968 4,665,000 
201,084 88,837 68,243 
4,840,000 
22,701,389 
 
13,557,279 176,484 
4,840,000 88,838 13,649 
18,676,250 
 
12,093,085 58,708 
12,151,793 
 
11,454,304 106,378 
11,560,682 
 
15,209,391 59,393 
 
12,506,704 77,551 
 
15,847,646 103,846 
 
15,048,068 
100,891 1,770,000 
 
15,221,241 139,000 101,283 
4,900,000 
 
62,232,724 
77,501,508 22,421,037 
 
1,436,760 13,370,000 74,668,994 
102,060,009 7,804,384 
 
1,098,699 13,370,000 100,753,113 
131,173,304 1,395,619 
 
760,638 11,600,000 91,097,553 90,431,161 
210,808,311 
8,454,931 
 
422,577 6,700,000 90,835,778 80,605,763 
198,925,642 
19,776,192 
 
114,565,857 
13,605,759 8,092,803 1,356,314 13,537,149 
$151,157,882 
 
121,406,109 
15,239,012 3,832,266 2,269,853 14,231,122 
$156,978,362 
 
130,111,176 
14,516,860 4,954,100 2,186,850 12,848,616 
$164,617,602 
 
137,395,409 
19,060,913 605 
2,200,973 16,580,187 
$175,238,087 
 
138,465,300 22,637,265 2,217,705 17,349,349 $180,669,619 
 
146,141,475 21,480,389 2,354,839 (59,051,447) $110,925,256 
 
148,434,069 
21,361,113 283,916 
2,132,742 (53,905,290) 
$118,306,550 
 
150,481,724 
25,587,066 369,032 
2,269,772 (56,038,541) 
$122,669,053 
 
154,269,357 
26,540,689 517,219 
2,400,891 (151,516,700) 
$32,211,456 
 
159,507,762 
26,000,493 319,704 
2,675,510 (146,611,656) 
$41,891,813 
 
 -83- 
 
Governmental activities: 
Current and other assets Capital assets 
Total assets 
Deferred Outflows of Resources 
Current and other liabilities Long-term liabilities outstanding 
Total liabilities 
Deferred Inflows of Resources 
Net position: Net investment in capital assets Restricted Unrestricted 
Total governmental activities net position 
1 First year of implementation of GASB Statement No. 68. 
 
Griffin-Spalding County School System Net Position by Component, Last Ten Fiscal Years 
 
2010 
 
2011 
 
2012 
 
2013 
 
Fiscal Year 
 
2014 
 
20151 
 
2016 
 
2017 
 
20182 
 
2019 
 
$51,513,688 129,170,638 180,684,326 
19,416,663 10,109,781 29,526,444 
 
$48,358,478 131,269,273 179,627,751 
17,503,225 5,198,164 22,701,389 
 
$48,240,190 135,053,662 183,293,852 
18,573,763 102,487 
18,676,250 
 
$49,988,336 137,395,409 187,383,745 
12,151,793 0 
12,151,793 
 
$53,765,001 138,465,300 192,230,301 
11,560,682 0 
11,560,682 
 
$57,879,501 146,141,475 204,020,976 
6,826,825 
15,268,784 62,232,724 77,501,508 
22,421,037 
 
$66,932,330 153,571,360 220,503,690 
7,667,253 
12,584,255 89,475,754 102,060,009 
7,804,384 
 
$65,382,524 164,950,424 230,332,948 
24,905,028 
15,951,492 115,221,812 131,173,304 
1,395,619 
 
$65,218,471 168,399,995 233,618,466 
17,856,232 
16,918,959 193,889,352 210,808,311 
8,454,931 
 
$65,514,579 171,530,339 237,044,918 
23,548,729 
20,361,524 178,564,118 198,925,642 
19,776,192 
 
114,565,857 23,054,876 13,537,149 
 
121,406,109 21,341,131 14,231,122 
 
130,111,176 21,657,810 12,848,616 
 
137,395,409 21,262,491 16,580,187 
 
138,465,300 24,854,970 17,349,349 
 
146,141,475 23,835,228 
(59,051,447) 
 
148,434,069 23,777,771 
(53,905,290) 
 
150,481,724 28,225,870 
(56,038,541) 
 
154,269,357 29,458,799 
(151,516,700) 
 
159,507,762 28,995,707 
(146,611,656) 
 
$151,157,882 $156,978,362 $164,617,602 $175,238,087 $180,669,619 $110,925,256 $118,306,550 $122,669,053 $32,211,456 $41,891,813 
 
 Griffin-Spalding County School System Changes in Net Position, Last Ten Fiscal Years 
 
-84- 
 
Expenses Governmental activities: 
Instruction Pupil support services Improvement of instructional services Educational media services General and school administration Business administration Maintenance and plant operations Student transportation services Central support services Other support services Food service operations Community services operations Interest on long-term debt Unallocated depreciation and other expenses 
Total governmental activities expenses 
Program Revenues Governmental activities: 
Charges for services: Instruction Food service operations 
Operating grants and contributions 
Capital grants and contributions 
Total governmental activities program revenues 
Net (Expense) Revenue Governmental activities 
General Revenues and Other Changes in Net Position Governmental activities: 
Taxes: Property taxes, levied for general purposes Special Purpose Local Option Sales Taxes 
Investment earnings Gain on sale of fixed assets Miscellaneous 
Total general revenues and other changes in net position governmental activities 
Change in Net Position 
 
2010 
 
2011 
 
2012 
 
2013 
 
Fiscal Year 
 
2014 
 
2015 
 
2016 
 
2017 
 
2018 
 
2019 
 
$65,038,443 3,041,075 3,649,259 1,974,281 8,022,284 421,419 8,999,351 3,680,349 1,167,341 1,247,689 5,470,823 152,963 644,738 266,318 
103,776,333 
 
$63,217,366 3,155,458 4,540,524 1,928,462 8,175,375 330,052 8,507,364 3,799,576 1,154,965 1,309,216 5,619,731 149,722 535,173 228,752 
102,651,736 
 
$62,865,938 2,650,382 4,875,165 1,752,187 8,250,954 335,644 8,235,705 4,040,572 1,173,057 1,011,001 5,940,725 132,624 337,402 232,792 
101,834,148 
 
$60,807,268 2,367,075 4,288,607 1,524,908 8,068,277 348,784 8,405,731 4,394,079 1,257,984 1,181,099 6,125,485 126,811 123,280 244,769 
99,264,157 
 
$63,560,323 2,459,659 3,804,161 1,568,570 8,338,418 386,548 9,163,199 4,712,870 1,462,350 1,209,923 6,388,230 128,120 
270,621 
103,452,992 
 
$61,195,688 2,397,156 4,344,137 1,551,391 8,560,997 373,588 8,747,253 4,854,254 1,567,518 1,347,676 6,334,315 129,182 
231,702 
101,634,857 
 
$63,207,574 2,646,558 4,806,082 1,553,385 9,171,348 398,971 8,687,442 4,715,730 1,784,328 1,232,454 6,502,881 158,680 249,101 243,823 
105,358,357 
 
$68,115,614 3,405,213 6,065,947 1,701,942 10,664,979 448,078 9,051,874 5,365,352 1,837,944 981,592 6,793,323 150,809 276,066 199,477 
115,058,210 
 
$70,571,495 3,573,107 7,004,975 1,761,282 
11,433,594 442,700 
9,148,396 5,596,906 1,972,739 
903,044 7,156,285 
217,390 276,066 318,187 
120,376,166 
 
$67,870,442 3,508,379 7,030,486 1,690,025 
11,067,871 466,909 
9,405,687 5,331,174 1,716,182 1,013,974 6,104,243 
216,000 392,440 442,320 
116,256,132 
 
391,364 894,109 72,330,693 
73,616,166 
 
377,149 786,979 72,127,662 
73,291,790 
 
334,172 749,548 69,263,558 3,093,618 73,440,896 
 
293,976 663,209 71,892,094 2,119,430 74,968,709 
 
346,634 585,734 72,773,169 
73,705,537 
 
382,589 547,497 76,184,510 579,228 77,693,824 
 
382,156 509,233 76,669,919 149,761 77,711,069 
 
406,802 510,892 80,210,632 2,500,000 83,628,326 
 
479,822 326,504 84,128,840 
84,935,166 
 
572,623 482,409 86,216,523 
87,271,555 
 
(30,160,167) (29,359,946) (28,393,252) (24,295,448) (29,747,455) (23,941,033) (27,647,288) (31,429,884) (35,441,000) (28,984,577) 
 
27,434,435 8,479,090 
117,706 613,986 367,185 
 
26,111,674 8,243,365 
72,348 21,138 731,901 
 
26,660,363 8,706,803 
31,392 159,823 474,111 
 
25,567,376 8,450,570 
7,457 283,113 607,417 
 
26,841,369 8,285,565 
22,898 29,155 
 
26,035,024 8,596,211 
34,457 75,915 
 
26,108,637 8,818,726 
86,916 14,303 
 
27,090,314 8,538,776 
211,146 (47,849) 
 
27,111,736 9,019,297 
584,818 
 
27,951,586 9,691,463 
999,994 21,891 
 
37,012,402 $6,852,235 
 
35,180,426 $5,820,480 
 
36,032,492 $7,639,240 
 
34,915,933 $10,620,485 
 
35,178,987 $5,431,532 
 
34,741,607 $10,800,574 
 
35,028,582 $7,381,294 
 
35,792,387 $4,362,503 
 
36,715,851 $1,274,851 
 
38,664,934 $9,680,357 
 
 Griffin-Spalding County School System Fund Balances, Governmental Funds Last Ten Fiscal Years 
 
General Fund Reserved Unreserved Committed to: Risk Management Assigned to: Subsequent period expenditures Unassigned 
Total general fund 
 
2010 
 
2011 1 
 
2012 
 
2013 
 
2014 
 
2015 
 
2016 
 
2017 
 
2018 
 
2019 
 
$9,223,538 
 
$366,497 
 
$409,223 
 
$428,995 
 
$444,070 
 
$334,926 
 
$348,175 
 
$451,258 
 
$505,527 
 
$559,064 
 
$9,223,538 
 
$3,125,760 $6,630,770 
 
$8,222,547 
 
$400,693 $11,487,321 
 
$12,448,015 
 
$14,423,807 
 
$16,646,486 
 
$16,953,863 
 
$16,902,449 
 
$17,497,166 
 
$10,123,027 $8,631,770 $12,317,009 $12,892,085 $14,758,733 $16,994,661 $17,405,121 $17,407,976 $18,056,230 
 
-85- 
 
All Other Governmental Funds 
Reserved 
Unreserved, reported in: 
Debt service funds 
Capital projects funds 
Special revenue funds Nonspendable Restricted for: 
Debt service funds Capital projects funds Continuation of federal and state programs Committed to: School activity funds and other programs Assigned to: Permanent funds Capital projects funds Unassigned 
 
$23,120,078 1,924,775 
 
1,358,704 
3,832,266 15,239,012 
1,021,787 
905,857 
86,126 662,008 
(7,061) 
 
1,264,789 
4,954,100 14,516,860 
978,601 
943,830 
88,606 737,514 
 
1,183,886 
605 19,060,913 
1,027,880 
993,205 
79,366 654,914 
 
1,159,714 
22,637,265 1,061,959 958,252 80,833 800,518 
 
1,266,522 
21,480,389 1,215,734 
998,146 80,433 901,543 
 
1,278,930 
283,916 31,030,582 1,010,275 
963,413 
78,613 885,313 
 
1,275,750 
369,032 25,587,066 1,158,876 
679,641 
75,089 887,220 
 
1,279,328 
517,219 26,540,689 1,293,701 
612,685 
72,390 891,678 
 
1,260,374 
458,704 26,000,493 1,560,717 
532,378 
70,843 900,164 
 
Total all other governmental funds 
 
$25,044,853 $23,098,699 $23,484,300 $23,000,769 $26,698,541 $25,942,767 $35,531,042 $30,032,674 $31,207,690 $30,783,673 
 
1 First year of implementation of GASB Statement No. 54. 
 
 -86- 
 
Revenues State Funds Federal Funds Local and Other Funds 
Total Revenues 
Expenditures Current operating Instruction Support Services Pupil Services Improvement of Instructional Services Educational Media Services General and School Administration Business Administration Maintenance and Operations of Plant Student Transportation Services Central Support Services Other Support Services Food Services Operations Community Services Operations Other Operations of Non-Instructional Services Debt Service Principal Retirement Interest and Fiscal Charges Capital Outlay 
Total Expenditures 
Excess (Deficiency) of Revenues over (under) expenditures 
Other Financing Sources (Uses) Proceeds from issuance of bonds Premium on issuance of bonds Capital Leases Proceeds from sale of assets Operating Transfers In Operating Transfers Out 
Total Other Financing Sources (Uses) 
Net change in fund balance 
Debt service as a percentage of noncapital expenditures 
 
Griffin-Spalding County School System Changes in Fund Balances, Governmental Funds 
Last Ten Fiscal Years 
 
2010 
 
2011 
 
2012 
 
2013 
 
Fiscal Year 
 
2014 
 
2015 
 
2016 
 
2017 
 
2018 
 
2019 
 
$49,449,766 20,640,398 40,015,559 
110,105,723 
 
$53,242,210 16,691,914 38,846,616 
108,780,740 
 
$54,158,030 16,165,493 39,167,672 
 
$57,015,876 14,609,040 37,875,737 
 
$56,516,224 13,992,709 38,257,965 
 
$59,861,710 13,994,514 39,046,240 
 
$62,018,558 12,927,458 38,067,891 
 
$66,809,022 13,657,932 38,951,158 
 
$67,724,853 14,371,828 40,271,954 
 
$69,740,617 14,356,100 42,038,590 
 
109,491,195 109,500,653 108,766,898 112,902,464 113,013,907 119,418,112 122,368,635 126,135,307 
 
63,487,687 
3,041,075 3,641,134 1,899,632 8,159,136 
421,419 8,575,642 3,352,294 1,146,642 1,247,689 5,554,164 
152,963 
 
61,224,513 
3,155,458 4,583,898 1,850,640 8,320,708 
330,052 7,997,423 3,530,820 1,158,270 1,309,216 5,652,494 
149,722 
 
61,049,695 
2,650,382 4,878,330 1,671,982 8,287,053 
335,644 7,757,671 4,180,543 1,171,163 1,011,001 6,033,570 
132,624 
 
58,259,041 
2,367,075 4,259,348 1,442,319 8,095,367 
348,784 7,976,520 4,342,653 1,250,969 1,181,099 5,830,828 
126,811 
 
60,249,928 
2,459,659 3,784,362 1,483,960 8,339,489 
386,548 8,745,331 5,383,792 1,472,731 1,209,923 6,078,352 
128,120 
 
61,212,322 
2,485,603 4,471,213 1,525,756 8,774,022 
384,124 8,141,627 5,304,096 1,606,199 1,347,676 6,055,545 
134,392 
 
60,524,508 
2,744,447 4,875,616 1,528,079 9,414,878 
417,103 8,170,130 5,167,386 1,861,594 1,232,454 6,260,483 
164,403 
 
63,991,267 
3,320,385 5,860,610 1,558,477 10,446,030 
433,398 8,139,176 5,630,221 1,774,981 
981,592 6,418,612 
145,962 
 
66,380,237 
3,474,417 6,814,720 1,610,344 11,276,031 
436,233 8,213,363 5,559,023 1,980,364 
903,044 6,608,707 
213,234 
 
67,823,600 
3,669,460 7,125,681 1,668,656 11,587,403 
480,116 8,493,445 5,868,255 1,727,930 1,013,974 5,916,480 
216,000 
 
298,515 644,738 5,643,587 
107,266,317 
 
4,687,021 535,173 
5,423,135 
109,908,543 
 
4,866,084 337,402 
6,467,491 
 
4,928,832 123,280 
6,109,132 
 
4,917,055 
 
10,534,389 
 
446,083 13,541,664 
 
614,127 15,205,713 
 
614,127 7,106,920 
 
1,770,000 591,501 
7,980,460 
 
110,830,635 106,642,058 104,639,250 111,976,964 116,348,828 124,520,551 121,190,764 125,932,961 
 
2,839,406 
 
(1,127,803) 
 
(1,339,440) 2,858,595 
 
4,127,648 
 
925,500 (3,334,921) (5,102,439) 1,177,871 
 
202,346 
 
281,719 25,210 
(25,210) 
281,719 
 
81,138 81,138 
 
233,784 8,698 
(8,698) 
233,784 
 
343,113 47,444 
(47,444) 
343,113 
 
145,200 153,320 (153,320) 
145,200 
 
13,370,000 1,774,821 
 
185,374 166,218 (166,218) 
 
14,303 123,607 (123,607) 
 
185,374 15,159,124 
 
14,531 408,319 (408,319) 
14,531 
 
835,238 (835,238) 
0 
 
21,891 358,667 (358,667) 
21,891 
 
$3,121,125 ($1,046,665) ($1,105,656) $3,201,708 $4,272,848 $1,110,874 $11,824,203 ($5,087,908) $1,177,871 
 
$224,237 
 
0.93% 
 
5.00% 
 
4.99% 
 
5.03% 
 
0.00% 
 
0.00% 
 
0.43% 
 
0.56% 
 
0.54% 
 
2.00% 
 
 Griffin-Spalding County School System Revenues by Source, Last Ten Fiscal Years 
General Fund 
 
$100,000,000 $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
State Federal Local 
 
Year Ended 
 
Local & 
 
June 30 
 
Other Funds 
 
State Funds 
 
Federal Funds 
 
Total Revenues 
 
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
$28,373,970 27,608,225 27,673,947 26,843,508 27,530,900 27,985,727 26,808,279 27,698,030 28,773,516 29,420,202 
 
$44,123,199 47,914,514 46,155,540 49,837,533 51,380,415 53,982,459 56,521,227 58,652,259 62,165,007 64,435,501 
 
$ 5,379,059 2,232,918 300,250 306,186 283,899 348,721 443,798 497,735 601,751 504,310 
 
$ 77,876,228 77,755,657 74,129,737 76,987,227 79,195,214 82,316,907 83,773,304 86,848,024 91,540,274 94,360,013 
 
-87- 
 
 Griffin-Spalding County School System Percentage Change in Revenues by Source, Last Ten Fiscal Years 
General Fund 
 
Total Dollars 
 
Year Ended Local & June 30 Other Funds 
 
State Funds 
 
Federal Funds 
 
Total Revenues 
 
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
$28,373,970 27,608,225 27,673,947 26,843,508 27,530,900 27,985,727 26,808,279 27,698,030 28,773,516 29,420,202 
 
$44,123,199 47,914,514 46,155,540 49,837,533 51,380,415 53,982,459 56,521,227 58,652,259 62,165,007 64,435,501 
 
$ 5,379,059 2,232,918 300,250 306,186 283,899 348,721 443,798 497,735 601,751 504,310 
 
$77,876,228 77,755,657 74,129,737 76,987,227 79,195,214 82,316,907 83,773,304 86,848,024 91,540,274 94,360,013 
 
Percentage Change 1 
 
3.7% 
 
46.0% 
 
-90.6% 
 
21.2% 
 
Percentage of Dollars 
 
Year Ended Local & June 30 Other Funds 
 
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
36.43% 35.51% 37.32% 34.87% 34.76% 34.00% 31.99% 31.89% 31.43% 31.18% 
 
State Funds 
56.66% 61.62% 62.26% 64.73% 64.88% 65.58% 67.47% 67.53% 67.91% 68.29% 
 
Federal Funds 
 
Total Revenues 
 
6.91% 2.87% 0.41% 0.40% 0.36% 0.42% 0.53% 0.57% 0.66% 0.53% 
 
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 
 
1Percentage change computed by using the following formula: (2019 revenue/2010 revenue)-1 = percentage change 
 
-88- 
 
 Griffin-Spalding County School System Per Pupil Revenues by Source, Last Ten Fiscal Years 
General Fund 
 
UNAUDITED 
 
10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 
 
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
State Federal Local 
 
Year Ended Total 
 
Student 
 
Local & 
 
June 30 
 
Revenues Enrollment 1 Other Funds 
 
Per Pupil 
 
State 
 
Federal 
 
Funds 
 
Funds 
 
Total Revenues 2 
 
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
77,876,228 77,755,657 74,129,737 76,987,227 79,195,214 82,316,907 83,773,304 86,848,024 91,540,274 94,360,013 
 
10,860 10,685 10,614 10,582 10,626 10,474 10,261 10,305 10,383 10,353 
 
2,613 2,584 2,607 2,536 2,591 2,672 2,613 2,688 2,771 2,842 
 
4,064 4,484 4,349 4,710 4,835 5,154 5,508 5,692 5,987 6,224 
 
495 
 
7,171 
 
209 
 
7,277 
 
28 
 
6,984 
 
29 
 
7,275 
 
27 
 
7,453 
 
33 
 
7,859 
 
43 
 
8,164 
 
48 
 
8,428 
 
58 
 
8,816 
 
49 
 
9,114 
 
Percentage Change 3 
 
21.2% 
 
-4.7% 
 
8.8% 
 
53.1% -90.2% 
 
27.1% 
 
1 Student enrollment figures are taken from fall enrollment (October 1) reports. 2 Revenues restated on a per pupil basis by using the following formula: 
Revenue/current enrollment = per pupil revenue 3 Percentage change computed by using the following formula: 
(2019 revenue/2010 revenue)-1 = percentage change 
 
-89- 
 
 Griffin-Spalding County School System Assessed Value and Actual Value of Taxable Property, 
Last Ten Calendar Years 
Set forth below is information concerning the assessed (40% of fair market value) and estimated actual (fair market) value of taxable property within the District for the last ten years. 
 
UNAUDITED 
 
Calendar Year 
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 
 
Millage Rate 
18.80 18.80 19.06 19.47 19.47 19.47 18.74 18.57 18.204 18.066 
 
Real & Personal Property 
1,535,803,959 1,535,823,213 1,511,231,094 1,462,533,127 1,445,747,006 1,430,057,323 1,487,458,607 1,540,851,109 1,569,750,981 1,614,788,900 
 
Assessed Values 
 
Public Utilities 
 
Motor Vehicles 
 
30,632,259 26,487,026 31,294,800 34,640,971 34,269,621 33,809,411 33,811,678 33,513,721 36,086,991 33,513,721 
 
133,827,370 115,267,630 113,708,460 119,331,500 124,174,530 104,295,620 77,650,790 59,914,540 45,370,860 36,046,170 
 
Mobile Homes 
2,091,994 1,945,727 1,831,893 1,737,824 1,645,629 2,275,598 2,168,548 3,230,420 3,030,682 3,300,026 
 
Gross Tax Digest 
1,702,355,582 1,679,523,596 1,658,066,247 1,618,243,422 1,605,836,786 1,570,437,952 1,601,089,623 1,637,509,790 1,654,239,514 1,687,648,817 
 
Bond Exemptions 
157,180,465 122,376,559 147,310,052 149,965,965 120,465,804 130,528,110 137,073,427 132,209,935 125,127,703 127,223,132 
 
General Obligation Bonds 
Tax Digest1 
1,545,175,117 1,557,147,037 1,510,756,195 1,468,277,457 1,485,370,982 1,439,909,842 1,464,016,196 1,505,299,855 1,529,111,811 1,560,425,685 
 
Maintenance & Operation Exemptions 
213,342,187 216,690,191 246,727,800 248,484,241 223,127,568 236,423,353 244,984,605 243,756,849 233,376,929 241,692,560 
 
Maintenance & Operation Tax Digest2 
1,489,013,395 1,462,833,405 1,411,338,447 1,369,759,181 1,382,709,218 1,334,014,599 1,356,105,018 1,393,752,941 1,420,862,585 1,445,956,257 
 
Estimated Actual Value 
4,255,888,955 4,198,808,990 4,145,165,618 4,045,608,555 4,014,591,965 3,926,094,880 4,002,724,058 4,093,774,475 4,135,598,785 4,219,122,043 
 
-90- 
 
1Total assessed value, after deducting exemptions, for purposes of levying tax for the System's general obligation bonds. 2Total assessed value, after deducting exemptions, for purposes of levying tax for the support and maintenance of the System's school system. 
Source: State of Georgia Department of Revenue, Property Tax Division 
 
 Griffin-Spalding County School System Millage Rates of the District Last Ten Calendar Years 
 
UNAUDITED 
 
Set forth below is information concerting the rate of levy of property taxes per $1,000 of assessed value, or millage rates, of the School System and all overlapping governments for the last ten calendar years. 
 
Calendar Year 
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 
 
Support and Maintenance 
18.80 18.80 19.06 19.47 19.47 19.47 18.74 18.57 18.204 18.066 
 
School System 
 
Legal 
 
Debt 
 
Limit 
 
Service 
 
20.00 
 
0 
 
20.00 
 
0 
 
20.00 
 
0 
 
20.00 
 
0 
 
20.00 
 
0 
 
20.00 
 
0 
 
20.00 
 
0 
 
20.00 
 
0 
 
20.00 
 
0 
 
20.00 
 
0 
 
Total 
18.80 18.80 19.06 19.47 19.47 19.47 18.74 18.57 18.204 18.066 
 
Spalding County 1 
14.88 14.81 15.01 15.01 16.01 16.01 16.01 15.66 15.36 16.535 
 
Fire District 
3.23 4.17 4.17 4.17 4.17 4.17 4.17 3.61 3.61 3.61 
 
State of Georgia 
0.25 0.25 0.25 0.20 0.15 0.10 0.05 0.00 0.00 0.00 
 
County-wide Total 
37.16 38.03 38.49 38.85 39.80 39.75 38.97 37.84 37.17 38.21 
 
City of Griffin 
8.60 8.64 8.64 8.64 8.61 8.40 7.89 7.77 7.77 7.639 
 
City of Orchard Hill 
4.95 4.95 4.95 4.95 6.31 6.31 6.31 6.31 5.941 5.941 
 
City of Sunny-Side 
4.36 4.29 4.29 4.08 5.00 5.00 5.00 5.00 5.00 5.00 
 
-91- 
 
1 Represents the millage rate for the unincoporated areas of Spalding County. The millage rate for the incorporated areas of Spalding County for calendar year 2018 was 16.535. 
Source: Spalding County Tax Commissioner 
 
 Pulte Home Company LLC Caterpillar Inc. Coveris Holding Corp . Dematic Corporation Norcom Central GA EMC North Griffin Square LLC Bandag Bridgestone Walmart Stores Hoshizaki America Inc. Tenet Healthcare Corp. AEP Industries Halpern Industries Nacom Corporation First National Bank of Griffin 
Totals 
 
Griffin-Spalding County School System Principal Property Tax Payers, 
Current Year and Nine Years Ago 
 
UNAUDITED 
 
Taxes Levied 
$255,663 208,971 184,448 183,405 172,362 164,443 162,660 156,064 153,427 142,903 
 
2019 1 
Rank 
1 2 3 4 5 6 7 8 9 10 
 
Percentage of 
Total Tax Levy 2 
0.80% 0.71% 
0.66% 
0.62% 
0.59% 0.55% 
 
$1,528,683 
 
3.12% 
 
Taxes Levied 
$153,972 $423,686 
127,039 
160,281 
164,570 
271,785 136,652 119,654 115,961 110,681 
$1,630,309 
 
2010 
 
Rank 
 
Percentage 
of 
Total Tax Levy 3 
 
5 
 
1 
 
1.51% 
 
0.00% 
 
7 
 
4 
 
0.57% 
 
3 
 
0.59% 
 
0.00% 
 
2 
 
0.97% 
 
6 
 
0.49% 
 
8 
 
0.43% 
 
9 
 
0.41% 
 
10 
 
0.40% 
 
3.87% 
 
1 Represents calendar year 2018 assessed values before bond and maintenance and operation exemptions 2 Calendar year 2018 total tax levy was $26,122,303 3 Calendar year 2009 total tax levy was $27,993,452 
Source: Spalding County Tax Commissioner 
 
-92- 
 
 Griffin-Spalding County School System Property Tax Levies and Collections, Last Ten Fiscal Years 
 
UNAUDITED 
 
Fiscal Year 
 
Taxes Levied for the 
Fiscal Year 
 
Collected within the Fiscal Year of the Levy 
 
Amount 
 
Percentage of Levy 
 
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
27,993,452 27,501,268 26,900,111 26,669,211 26,921,348 25,973,264 25,353,871 25,898,024 25,865,382 26,122,303 
 
25,873,304 25,073,703 25,098,857 24,609,215 24,300,171 23,590,360 23,599,123 24,228,304 24,521,853 24,166,699 
 
92.43% 91.17% 93.30% 92.28% 90.26% 90.83% 93.08% 93.55% 94.81% 92.51% 
 
Source: Spalding County Tax Commissioner 
 
Collections in Subsequent 
Years 
1,558,275 1,473,522 1,469,476 1,515,491 1,323,931 1,105,894 
891,832 847,310 611,430 
 
Total Collections to Date 
 
Amount 
 
Percentage of Levy 
 
27,431,579 26,547,225 26,568,333 26,124,706 25,624,102 24,696,254 24,490,955 25,075,614 25,133,283 24,166,699 
 
97.99% 96.53% 98.77% 97.96% 95.18% 95.08% 96.60% 96.82% 97.17% 92.51% 
 
-93- 
 
 -94- 
 
Gross Tax Digest Components 
1,750,000,000 1,700,000,000 1,650,000,000 1,600,000,000 1,550,000,000 1,500,000,000 1,450,000,000 1,400,000,000 1,350,000,000 1,300,000,000 1,250,000,000 
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Calendar Year 
 
Mobile Homes 
Motor Vehicles 
Public Utilities 
Real & Personal Property 
 
 Griffin-Spalding County School System Ratio of Annual Debt Service to Total 
Governmental Fund Expenditures Last Ten Fiscal Years 
 
Year Ended June 30 
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
Principal 
 
Interest 
 
298,515 4,687,021 4,866,084 4,928,832 
0 0 0 0 0 1,770,000 
 
644,738 535,173 337,402 123,280 
0 0 446,083 614,127 614,127 591,501 
 
Total Debt Service 
 
Total Governmental 
Fund Expenditures 
 
Ratio of Debt Service to 
Governmental Fund 
Expenditures 
 
943,253 5,222,194 5,203,486 5,052,112 
0 0 446,083 614,127 614,127 2,361,501 
 
107,266,317 109,908,542 110,830,635 106,642,058 104,639,250 111,976,964 116,348,828 124,520,551 121,190,764 125,932,961 
 
0.88% 4.75% 4.69% 4.74% 0.00% 0.00% 0.38% 0.49% 0.51% 1.88% 
 
-95- 
 
 Griffin-Spalding County School System Ratio of Net Bonded Debt to Estimated Actual Value 
and General Bonded Debt Per Capita Last Ten Fiscal Years 
 
UNAUDITED 
 
Fiscal Year Ended 
June 30 
 
Estimated Population1 
 
Estimated Actual Value 
 
General Bonded 
Debt 
 
Less Debt Service Funds 
 
Net Bonded Debt 
 
Ratio of Net Bonded Debt to Estimated Actual Value 
 
Net Bonded Debt 
Per Capita 
 
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
64,098 64,087 64,032 63,682 63,509 63,694 63,826 64,570 65,403 66,100 
 
4,255,888,955 4,198,808,990 4,145,165,618 4,045,608,555 4,014,591,965 3,926,094,880 4,002,724,058 4,093,774,475 4,135,598,785 4,219,122,043 
 
14,122,838 9,573,243 4,853,649 0 0 0 
14,806,760 14,468,699 14,130,638 12,022,577 
 
8,092,803 3,832,266 4,954,100 
605 0 0 
283,916 369,032 517,219 458,704 
 
6,030,035 5,740,977 -100,451 
-605 0 0 
14,522,844 14,099,667 13,613,419 11,563,873 
 
0.14% 0.14% 0.00% 0.00% 0.00% 0.00% 0.36% 0.34% 0.33% 0.27% 
 
94.08 89.58 (1.57) (0.01) 
227.54 218.36 208.15 174.95 
 
-96- 
 
 Griffin-Spalding County School System Direct and Overlapping Governmental Activities Debt 
As of June 30, 2019 
 
UNAUDITED 
 
Governmental Unit 
Debt repaid with property taxes: Spalding County: General obligation bonds Certificates of participation Capital leases Intergovernmental Contracts City of Griffin: General obligation bonds Capital leases Intergovernmental Contracts 
Sub-total, overlapping debt 
 
Direct: 
 
Griffin-Spalding County School System: General obligation bonds 
Sub-total, direct debt 
Total, overlapping and direct debt 
 
Debt Outstanding 
 
Percentage Applicable 
 
Share of Overlapping Debt 
 
$8,800,000 2,500,000 
817,857 3,052,500 
8,452,026 402,964 
3,052,500 
$27,077,847 
 
100% 
 
$27,077,847 
 
12,022,577 $12,022,577 
 
100% 
 
$12,022,577 $39,100,424 
 
Notes: In addition to the System's debt obligations, property owners in the System are responsible for certain debt obligations of other taxing entities in the proportion to which the jurisdiction of the System overlaps such entities. Set forth below is the estimated overlapping general obligation debt and estimated overlapping property tax supported or guaranteed revenue debt of the System as of June 30, 2019. The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated by determining the portion of the municipality/authority's taxable assessed value that is within the School System's boundaries and dividing it by the municipality/authority's total taxable assessed value. Although the System has attempted to obtain accurate information as to the outstanding overlapping debt, it does not warrant its completeness or accuracy, as there is no central reporting entity which has this information available, and the amounts are based on information supplied by others. 
Source: Spalding County, GA and City of Griffin, GA 
 
-97- 
 
 Griffin-Spalding County School System Outstanding Debt, By Type Last Ten Fiscal Years 
 
UNAUDITED 
 
Fiscal Year Ended June 30, 
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
Governmental Activities 
 
General 
 
Capital 
 
Obligation 
 
Lease 
 
Bonds 
 
Obligations 
 
14,122,838 9,573,243 4,853,649 0 0 0 
14,806,760 14,468,699 14,130,638 12,022,577 
 
780,457 481,943 289,922 
88,838 0 0 0 0 0 0 
 
Total Primary Government 
14,903,295 10,055,186 
5,143,571 88,838 0 0 
14,806,760 14,468,699 14,130,638 12,022,577 
 
Percentage of Personal 
Income1 
0.87% 0.57% 0.28% 0.00% 0.00% 0.00% 0.73% 0.68% 0.64% 0.54% 
 
Per Capita1 
232.37 156.95 
80.34 1.40 0.00 0.00 
231.98 224.14 216.13 181.88 
 
Note: Details regarding the System's outstanding debt can be found in the notes to the financial statements. 
1See the Schedule of Demographic and Economic Statistics for personal income and population data. The Bureau of Economic Analysis revised estimates for years 2010-2017 in March 2018. 
 
-98- 
 
 Griffin-Spalding County School System Legal Debt Margin 
Last Ten Fiscal Years 
 
UNAUDITED 
 
Assessed Value of Taxable Property 
Debt Limit (10% of Assessed Value) 
Amount of Debt Applicable To Debt Limit 
Legal Debt Margin 
Legal Debt Margin/ Limit Ratio 
 
2010 $1,545,175,117 
 
2011 
 
2012 
 
2013 
 
$1,524,221,716 $1,510,756,185 $1,468,277,457 
 
2014 
 
2015 
 
2016 
 
2017 
 
2018 
 
2019 
 
$1,485,370,982 $1,439,909,842 $1,464,016,196 $1,505,299,855 $1,529,111,811 $1,560,425,685 
 
$154,517,512 
 
$152,422,172 
 
$151,075,619 
 
$146,827,746 
 
$148,537,098 
 
$143,990,984 
 
$146,401,620 
 
$150,529,986 
 
$152,911,181 
 
$156,042,569 
 
14,122,838 $140,394,674 
 
9,573,243 $142,848,929 
 
4,853,649 $146,221,970 
 
0 $146,827,746 
 
0 $148,537,098 
 
0 $143,990,984 
 
14,806,760 $131,594,860 
 
14,468,699 $136,061,287 
 
14,130,638 $138,780,543 
 
12,022,577 $144,019,992 
 
90.86% 
 
93.72% 
 
96.79% 
 
100.00% 
 
100.00% 
 
100.00% 
 
89.89% 
 
90.39% 
 
90.76% 
 
92.30% 
 
-99- 
 
Notes: The Constitution of the State of Georgia provides that the System may not incur long-term obligations payable out of general property taxes without the approval of a majority of the qualified voters of the System voting at an election called to approve the obligations. In addition, under the Constitution of the State of Georgia, the System may not incur long-term obligations payable out of general property taxes in excess of 10 percent of the assessed vaule of all taxable property within the System. 
Source: Spalding County Tax Commissioner 
 
 Griffin-Spalding County School System Demographics - Population Latest Census Data 
 
UNAUDITED 
 
Population 
Population, 2017 est. Population, 2010 Population, percent change, 2010 to 2018 Population, 2000 Population, percent change, 2000 to 2010 Population, percent change, 1990 to 2000 Persons under 5 years old, percent, 2018 Persons under 18 years old, percent, 2018 Persons 65 years old and over, percent, 2018 Female persons, percent, 2018 
White persons, percent, 2018 (a) Black or African American persons, percent, 2018 (a) American Indian and Alaska Native persons, percent, 2018 (a) Asian persons, percent, 2018 (a) Native Hawaiian and Other Pacific Islander, percent, 2018 (a) Persons reporting two or more races, percent, 2018 White persons, not of Hispanic/Latino origin, percent, 2018 Persons of Hispanic or Latino origin, percent, 2018 (b) 
Living in same house 1 year & over, 2013-2017 Language other than English spoken at home, pct age 5+, 2013-2017 High school graduates, percent of persons age 25+, 2013-2017 Bachelor's degree or higher, pct of persons age 25+, 2013-2017 Veterans, 2013-2017 Foreign born persons, percent, 2013-2017 Mean travel time to work (minutes), workers age 16+, 2013-2017 
 
Spalding County 
66,100 64,073 3.10% 58,417 9.7% 7.3% 6.3% 23.5% 17.9% 52.0% 
61.9% 34.6% 0.5% 1.1% 0.1% 1.9% 58.1% 4.7% 
90.1% 4.0% 80.6% 16.2% 4,426 3.2% 29.0 
 
-100- 
 
 UNAUDITED 
 
Griffin-Spalding County School System Demographics - Housing, Business & Industry, and Geography 
Latest Census Data (Continued) 
 
Housing 
Housing units, 2018 Homeownership rate, 2013-2017 Median value of owner-occupied housing units, 2013-2017 
Households, 2013-2017 Persons per household, 2013-2017 Median household income, 2013-2017 Persons below poverty, percent, 2013-2017 Building permits, 2018 
Business & Industry 
Unemployment rate, 2018 Annual Average Nonemployer establishments, 2017 Manufacturers shipments, 2012 ($1000) Retail sales, 2012 ($1000) Retail sales per capita, 2012 Women-owned firms, percent of total, 2012 
 
27,580 61.4% $112,400 
23,475 2.68 $42,398 19.9% 274 
4.7% 5,025 2,404,744 638,821 $10,003 40.0% 
 
Geography 
Land area, 2010 (square miles) Persons per square mile, 2010 FIPS Code Metropolitan or Micropolitan Statistical Area 
(a) Includes persons reporting only one race. (b) Hispanics may be of any race, so also are included in applicable race categories. Z: Value greater than zero but less than half unit of measure shown 
Source: US Census Bureau State & County QuickFacts Source: Griffin-Spalding Chamber of Commerce Source: Bureau of Labor Statistics 
 
196.47 326.1 255 Atlanta, GA Metro Area 
 
-101- 
 
 Griffin-Spalding County School System Demographics - Income Statistics Latest Three Years Available 
 
UNAUDITED 
 
Income 
Personal income ($000) Net earnings Personal current transfer receipts Income maintenance Unemployment insurance compensation Retirement and other Dividends, interest, and rent 
Population (persons)1 Per capita personal income Per capita net earnings Per capita personal current transfer receipts Per capita income maintenance Per capita unemployment insurance benefits Per capita retirement and other Per capita dividends, interest, and rent 
 
2015 $2,041,383 1,095,401 
621,722 84,488 3,329 
533,905 324,260 
 
2016 $2,129,814 1,149,240 
645,411 87,291 2,685 
555,435 335,163 
 
2017 $2,208,980 1,190,513 
668,547 87,265 2,393 578,889 
349,920 
 
63,828 31,983 17,162 9,741 1,324 
52 8,365 5,080 
 
64,553 32,993 17,803 9,998 1,352 
42 8,604 5,192 
 
65,380 33,787 18,209 10,226 1,335 
37 8,854 5,352 
 
Earnings by place of work ($000) Wage and salary disbursements Supplements to wages and salaries Employer contributions for employee pension and insurance funds Employer contributions for government social insurance Proprietors' income Nonfarm proprietors' income Farm proprietors' income 
 
1,189,733 842,339 242,657 182,483 60,174 104,737 106,746 -2,009 
 
1,201,307 858,609 245,882 185,508 60,374 96,816 99,314 -2,498 
 
1,244,231 901,338 257,037 194,209 62,828 85,856 88,548 -2,692 
 
Total full-time and part-time employment Wage and salary jobs Number of proprietors 
Number of nonfarm proprietors Number of farm proprietors 
 
31,278 23,781 
7,497 7,282 
215 
 
31,846 24,425 
7,421 7,204 
217 
 
32,135 24,616 
7,519 7,305 
214 
 
Average earnings per job (dollars) Average wage and salary disbursements Average nonfarm proprietors' income 
1 Census Bureau midyear population estimates. 
 
38,037 35,421 14,659 
 
37,722 35,153 13,786 
 
38,719 36,616 12,122 
 
Source: Regional Economic Information System, Bureau of Economic Analysis, U.S. Department of Commerce - Table CA30 The Bureau of Economic Analysis revised estimates for years 2010-2017 in November 2018. The amounts reflected in this table are the revised numbers. The figures provided are the latest available. 
 
-102- 
 
 Griffin-Spalding County School System Demographic and Economic Statistics 
Last Ten Fiscal Years 
 
UNAUDITED 
 
Fiscal Year 
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
Population1 
64,135 64,066 64,021 63,680 63,505 63,695 63,828 64,553 65,380 66,100 
 
Personal Income1 
1,714,697 1,750,789 1,865,725 1,859,395 1,869,815 1,949,818 2,041,383 2,129,814 2,208,980 
N/A 
 
Per Capita Personal Income1 
26,736 27,328 29,142 29,199 29,444 30,612 31,983 32,993 33,787 
N/A 
 
School Enrollment2 
10,860 10,685 10,614 10,582 10,626 10,474 10,261 10,305 10,383 10,353 
 
Unemployment Rate3 
8.50% 13.00% 12.80% 11.30% 10.70% 
9.50% 7.80% 6.00% 5.80% 4.70% 
 
-103- 
 
Data Sources: 1 Bureau of Economic Analysis: Regional Economic Accounts and U.S. Census Bureau (mid year estimates) 2 Spalding County Board of Education 3 U.S. Bureau of Labor Statistics 
 
 Griffin-Spalding County School System Principal Employers 
Current Year and Nine Years Ago 
 
UNAUDITED 
 
Employer 
Griffin-Spalding County School System Caterpillar, Inc. Wellstar Spalding Regional Medical Southern Crescent Technical College Spalding County CareMaster Medical City of Griffin University of Georgia Griffin Campus Norcom 1888 Mills/Southern Terry AEP Industries, Inc. 
 
Industry 
Education Automotive generators Healthcare Education Government Home Nursing Government Agricultural research School supplies Terry cloth towels Packaging film 
 
Employees 
1,483 900 900 640 601 600 451 405 280 278 
 
2019 
Rank 
1 2 3 4 5 6 7 8 9 10 
 
Percentage of Total County Employment 
6.64 % 4.03 4.03 2.87 2.69 2.69 2.02 1.81 1.25 1.24 
 
6,538 
 
29.27 % 
 
Employees 
1,576 900 900 360 536 
478 405 280 375 250 
6,060 
 
2010 
Rank 
1 2 3 7 4 
5 8 9 6 10 
 
Percentage of Total County Employment 
7.69 % 4.39 4.39 1.76 2.62 
2.33 1.98 
1.83 1.22 
29.57 % 
 
-104- 
 
Source: Griffin-Spalding Development Authority 
 
 -105- 
 
Classroom Teachers Media Specialists,Counselors 
Psychologists, and Social Worker Administrators and Supervisors Professional/Technical Support Paraprofessionals, Clerical, Other Maintenance, Transportation, Custodians, 
and School Food Service 
Source: Griffin-Spalding County School System 
 
Griffin-Spalding County School System Employees of the District Last Ten Fiscal Years 
 
UNAUDITED 
 
2010 749 
52 64 51 316 
376 1,608 
 
2011 749 
50 64 51 310 
352 1,576 
 
2012 717 
53 62 51 270 
359 1,512 
 
2013 673 
49 55 51 277 
350 1,455 
 
2014 657 
51 55 43 268 
345 1,419 
 
2015 674 
51 60 57 255 
360 1,457 
 
2016 658 
51 65 53 277 
351 1,455 
 
2017 676 
53 66 53 295 
355 1,498 
 
2018 674 
54 75 52 293 
340 1,488 
 
2019 686 
55 76 49 292 
325 1,483 
 
 Griffin-Spalding County School System General Fund Operating Statistics, Pupil/Teacher Ratio 
Last Ten Fiscal Years 
 
UNAUDITED 
 
Fiscal Year 
 
Expenses Enrollment 
 
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
77,701,816 76,877,306 75,770,980 73,537,657 78,467,423 80,290,395 81,428,072 86,043,775 90,702,181 93,374,983 
 
10,860 10,685 10,614 10,582 10,626 10,474 10,261 10,305 10,383 10,353 
 
Source: Griffin-Spalding County School System 
 
Cost Per Pupil 
7,155 7,195 7,139 6,949 7,384 7,666 7,936 8,350 8,736 9,019 
 
Percentage Change 
(5.84%) 0.56% (.78%) (2.65%) 6.26% 3.81% 3.52% 5.22% 4.62% 3.25% 
 
Teaching Staff 
749 749 717 673 657 674 658 676 674 686 
 
Pupil/ Teacher 
Ratio 
14.50 14.27 14.80 15.72 16.17 15.54 15.59 15.24 15.41 15.09 
 
Student Attendance Percentage 
95.50 96.38 95.39 97.46 95.36 95.64 97.49 96.49 96.13 96.38 
 
-106- 
 
 -107- 
 
Anne Street Elementary (1948) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Atkinson Elementary (1964) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Beaverbrook Elementary (1964) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Cowan Road Elementary (1991) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Crescent Elementary (1955) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Source: Griffin-Spalding County School System 
 
Griffin-Spalding County School System School Building Information Last Ten Fiscal Years 
 
UNAUDITED 
 
2010 
 
2011 
 
2012 
 
2013 
 
Fiscal Year 
 
2014 
 
2015 
 
2016 
 
2017 
 
2018 
 
2019 
 
40,113 450 442 
98.2% 
 
40,113 450 428 
95.1% 
 
40,113 450 458 
101.8% 
 
40,113 450 447 
99.3% 
 
40,113 450 487 
108.2% 
 
40,113 450 453 
100.7% 
 
40,113 450 428 
95.1% 
 
40,113 450 427 
94.9% 
 
40,113 450 429 
95.3% 
 
40,113 450 410 
91.1% 
 
53,936 450 446 
99.1% 
 
53,936 450 459 
102.0% 
 
53,936 450 465 
103.3% 
 
53,936 450 448 
99.6% 
 
53,936 450 427 
94.9% 
 
53,936 450 457 
101.6% 
 
53,936 450 450 
100.0% 
 
53,936 450 448 
99.6% 
 
53,936 450 468 
104.0% 
 
53,936 450 466 
103.6% 
 
55,222 450 458 
101.8% 
 
55,222 450 466 
103.6% 
 
55,222 450 426 
94.7% 
 
55,222 450 429 
95.3% 
 
55,222 450 464 
103.1% 
 
55,222 450 431 
95.8% 
 
55,222 450 371 
82.4% 
 
55,222 450 347 
77.1% 
 
55,222 450 356 
79.1% 
 
55,222 450 363 
80.7% 
 
76,986 650 663 
102.0% 
 
76,986 650 663 
102.0% 
 
76,986 650 584 
89.8% 
 
76,986 650 627 
96.5% 
 
76,986 650 631 
97.1% 
 
76,986 650 633 
97.4% 
 
76,986 650 616 
94.8% 
 
76,986 650 686 
105.5% 
 
76,986 650 643 
98.9% 
 
76,986 650 573 
88.2% 
 
48,696 450 404 
89.8% 
 
48,696 450 424 
94.2% 
 
48,696 450 415 
92.2% 
 
48,696 450 441 
98.0% 
 
48,696 450 442 
98.2% 
 
48,696 450 465 
103.3% 
 
48,696 450 423 
94.0% 
 
48,696 450 419 
93.1% 
 
48,696 450 426 
94.7% 
 
48,696 450 430 
95.6% 
 
 -108- 
 
Futral Road Elementary (1998) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Jackson Road Elementary (1970) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Jordan Hill Elementary (1994) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Moore Elementary (1950) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Moreland Road Elementary (2006) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Source: Griffin-Spalding County School System 
 
Griffin-Spalding County School System School Building Information 
Last Ten Fiscal Years (Continued) 
 
2010 
 
2011 
 
2012 
 
2013 
 
Fiscal Year 
 
2014 
 
2015 
 
2016 
 
2017 
 
2018 
 
2019 
 
67,000 525 708 
134.9% 
 
67,000 525 695 
132.4% 
 
67,000 525 725 
138.1% 
 
67,000 525 635 
121.0% 
 
67,000 525 644 
122.7% 
 
67,000 525 648 
123.4% 
 
78,760 650 616 
94.8% 
 
78,760 650 628 
96.6% 
 
78,760 650 629 
96.8% 
 
78,760 650 659 
101.4% 
 
58,729 450 507 
112.7% 
 
58,729 450 474 
105.3% 
 
58,729 450 464 
103.1% 
 
58,729 450 456 
101.3% 
 
58,729 450 467 
103.8% 
 
58,729 450 438 
97.3% 
 
66,121 525 423 
80.6% 
 
66,121 525 408 
77.7% 
 
66,121 525 415 
79.0% 
 
66,121 525 422 
80.4% 
 
76,986 650 480 
73.8% 
 
76,986 650 446 
68.6% 
 
76,986 650 442 
68.0% 
 
76,986 650 455 
70.0% 
 
76,986 650 470 
72.3% 
 
76,986 650 481 
74.0% 
 
76,986 650 487 
74.9% 
 
76,986 650 453 
69.7% 
 
76,986 650 426 
65.5% 
 
76,986 650 447 
68.8% 
 
47,190 450 395 
87.8% 
 
47,190 450 363 
80.7% 
 
47,190 450 354 
78.7% 
 
47,190 450 375 
83.3% 
 
47,190 450 367 
81.6% 
 
47,190 450 367 
81.6% 
 
47,190 450 367 
81.6% 
 
47,190 450 405 
90.0% 
 
47,190 450 398 
88.4% 
 
47,190 450 392 
87.1% 
 
67,852 550 537 
97.6% 
 
67,852 550 558 
101.5% 
 
67,852 550 558 
101.5% 
 
67,852 550 560 
101.8% 
 
67,852 550 541 
98.4% 
 
67,852 550 515 
93.6% 
 
67,852 550 546 
99.3% 
 
67,852 550 556 
101.1% 
 
67,852 550 556 
101.1% 
 
67,852 550 523 
95.1% 
 
 -109- 
 
Orrs Elementary (1962) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Cowan Road Middle School (2000) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Carver Road Middle School (2007) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Kennedy Road Middle School (2006) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Rehoboth Road Middle School (2009) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
Source: Griffin-Spalding County School System 
 
Griffin-Spalding County School System School Building Information 
Last Ten Fiscal Years (Continued) 
 
2010 
 
2011 
 
2012 
 
2013 
 
Fiscal Year 
 
2014 
 
2015 
 
2016 
 
2017 
 
2018 
 
2019 
 
63,117 675 638 
94.5% 
 
63,117 675 637 
94.4% 
 
63,117 675 647 
95.9% 
 
63,117 675 664 
98.4% 
 
63,117 675 661 
97.9% 
 
63,117 675 623 
92.3% 
 
63,117 675 598 
88.6% 
 
63,117 675 595 
88.1% 
 
63,117 675 613 
90.8% 
 
63,117 675 580 
85.9% 
 
96,500 685 564 
82.3% 
 
96,500 685 568 
82.9% 
 
96,500 685 600 
87.6% 
 
96,500 685 612 
89.3% 
 
96,500 685 598 
87.3% 
 
96,500 685 594 
86.7% 
 
99,529 685 567 
82.8% 
 
99,529 685 551 
80.4% 
 
99,529 685 643 
93.9% 
 
99,529 685 643 
93.9% 
 
104,024 725 492 
67.9% 
 
104,024 725 475 
65.5% 
 
104,024 725 544 
75.0% 
 
104,024 725 482 
66.5% 
 
104,024 725 523 
72.1% 
 
104,024 725 504 
69.5% 
 
104,024 725 523 
72.1% 
 
104,024 725 482 
66.5% 
 
104,024 725 488 
67.3% 
 
104,024 725 488 
67.3% 
 
104,024 725 564 
77.8% 
 
104,024 725 564 
77.8% 
 
104,024 725 546 
75.3% 
 
104,024 725 532 
73.4% 
 
104,024 725 505 
69.7% 
 
104,024 725 481 
66.3% 
 
104,024 725 466 
64.3% 
 
104,024 725 483 
66.6% 
 
104,024 725 459 
63.3% 
 
104,024 725 489 
67.4% 
 
104,024 725 638 
88.0% 
 
104,024 725 703 
97.0% 
 
104,024 725 715 
98.6% 
 
104,024 725 726 
100.1% 
 
104,024 725 725 
100.0% 
 
104,024 725 672 
92.7% 
 
104,024 725 663 
91.4% 
 
104,024 725 644 
88.8% 
 
104,024 725 698 
96.3% 
 
104,024 725 679 
93.7% 
 
 Griffin-Spalding County School System School Building Information 
Last Ten Fiscal Years (Continued) 
 
-110- 
 
2010 
 
A.Z. Kelsey Academy (2007) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
 
71,403 625 112 
17.9% 
 
Griffin High School (1986) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
 
309,989 1,950 1,437 73.7% 
 
Spalding High School (2000) Square Feet Capacity (students) Enrollment Percentage of Capacity used 
 
205,904 1,600 1,375 85.9% 
 
Central Administration Complex (1970) Square Feet 
Central Warehouse (2003) Square Feet 
Transportation Garage/Warehouse (1964) Square Feet 
Griffin Region College and Career Academy (2017) Square Feet 
Other Special Purpose Instructional Facilities Square Feet 
 
11,051 47,400 11,600 
80,729 
 
2011 
71,403 625 104 
16.6% 
309,989 1,950 1,372 70.4% 
205,904 1,600 1,286 80.4% 
11,051 
47,400 
11,600 
80,729 
 
2012 
71,403 625 119 
19.0% 
309,989 1,950 1,304 66.9% 
205,904 1,600 1,248 78.0% 
11,051 
47,400 
11,600 
80,729 
 
2013 
71,403 625 90 
14.4% 
309,989 1,950 1,342 68.8% 
205,904 1,600 1,261 78.8% 
11,051 
47,400 
11,600 
80,729 
 
Fiscal Year 
 
2014 
 
2015 
 
71,403 625 80 
12.8% 
 
71,403 625 59 
9.4% 
 
309,989 1,950 1,356 69.5% 
 
309,989 1,950 1,419 72.8% 
 
205,904 1,600 1,238 77.4% 
 
205,904 1,600 1,234 77.1% 
 
11,051 47,400 11,600 
 
11,051 47,400 11,600 
 
80,729 80,729 
 
2016 
71,403 625 60 
9.6% 
309,989 1,950 1,395 71.5% 
205,904 1,600 1,262 78.9% 
11,051 
47,400 
11,600 
80,729 
 
2017 
71,403 625 57 
9.1% 
309,989 1,950 1,422 72.9% 
205,904 1,600 1,294 80.9% 
11,051 
47,400 
11,600 
80,729 
 
2018 
71,403 625 46 
7.4% 
309,989 1,950 1,434 73.5% 
205,904 1,600 1,324 82.8% 
11,051 
47,400 
11,600 
70,350 
80,729 
 
2019 
71,403 625 36 
5.8% 
309,989 1,950 1,436 73.6% 
205,904 1,600 1,340 83.8% 
11,051 
47,400 
11,600 
70,350 
80,729 
 
Source: Griffin-Spalding County School System 
 
 Griffin-Spalding County School System Enrollment Statistics Last Ten Fiscal Years 
 
12000 
 
Active Enrollment by Grade Level 
 
10000 
 
8000 
 
6000 
 
4000 
 
2000 
 
0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
Grade 12 Grade 11 Grade 10 Grade 9 Grade 8 Grade 7 Grade 6 Grade 5 Grade 4 Grade 3 Grade 2 Grade 1 Kindergarten Pre- Kindergarten 1 
 
UNAUDITED 
 
-111- 
 
Fiscal 
 
Pre- 
 
Grade 
 
Year Kindergarten 1 Kindergarten 
 
1 
 
2010 
 
441 
 
2011 
 
443 
 
2012 
 
443 
 
2013 
 
478 
 
2014 
 
495 
 
2015 
 
510 
 
2016 
 
508 
 
2017 
 
513 
 
2018 
 
511 
 
2019 
 
506 
 
940 
 
856 
 
920 
 
894 
 
865 
 
911 
 
894 
 
851 
 
898 
 
889 
 
822 
 
880 
 
777 
 
818 
 
827 
 
809 
 
759 
 
852 
 
778 
 
787 
 
Grade 2 
873 823 862 870 848 843 849 810 778 832 
 
Grade 3 
871 839 810 852 856 820 798 832 820 751 
 
Grade 4 
878 834 814 797 837 830 794 806 810 807 
 
Grade 5 
819 860 833 795 778 806 781 775 829 804 
 
Grade 6 
810 765 839 796 764 709 766 754 745 792 
 
Grade 7 
783 783 753 805 796 777 695 719 740 742 
 
Grade 8 
665 762 813 751 791 765 758 687 735 742 
 
Grade 9 
956 823 911 961 854 1,004 1,016 922 813 899 
 
Grade 10 
748 711 630 655 701 615 645 748 734 619 
 
Grade 11 
652 656 625 562 619 589 566 600 694 671 
 
Grade 12 
568 572 505 515 500 504 490 503 563 623 
 
Total 
10,860 10,685 10,614 10,582 10,626 10,474 10,261 10,305 10,383 10,353 
 
Spec. Ed. 2 
1,126 1,052 993 990 969 1,019 1,086 1,132 1,186 1,272 
 
1Griffin-Spalding County School System established the Pre-Kindergarten in FY1998 using proceeds from the state lottery. 2 The System includes Special Education students in the appropriate grade level. The "Spec. Ed" column reflects the total number of Special Education sutdents by year for comparative purposes only. 
Source: Griffin-Spalding County School System 
 
 Griffin-Spalding County School System Expenditures by Function, Last Ten Fiscal Years 
General Fund 
 
-112- 
 
Instruction Pupil Services Improvement of Instructional Services Educational Media Services General and School Administration Business Administration Maintenance and Operations of Plant Student Transportation Services Central Support Services Other Support Services Food Service Operations Community Services Operations Capital Outlay Debt Service 
 
2010 
 
2011 
 
2012 
 
2013 
 
Fiscal Year 
 
2014 
 
2015 
 
2016 
 
2017 
 
2018 
 
2019 
 
Percentage Change 1 
 
$50,747,372 1,218,061 1,743,197 1,894,322 7,430,511 421,419 8,566,760 3,211,466 1,137,619 715,919 0 152,963 127,629 334,578 
 
$50,219,269 1,323,470 1,719,713 1,845,301 7,555,194 330,052 7,966,957 3,420,009 1,104,120 899,754 0 149,722 129,707 214,038 
 
$49,373,663 1,323,090 1,432,357 1,656,079 7,563,984 335,644 7,726,705 4,092,737 1,139,419 743,246 0 132,624 37,394 214,038 
 
$47,622,661 1,283,338 1,295,508 1,440,932 7,107,099 348,784 7,884,361 4,166,042 1,219,241 888,483 0 126,811 59,560 94,837 
 
$49,529,410 1,522,381 1,333,860 1,483,960 7,367,102 386,548 8,720,795 5,322,915 1,456,213 962,370 69,278 128,120 184,471 0 
 
$50,596,029 1,554,866 2,106,853 1,525,756 7,759,713 384,124 8,124,266 5,275,107 1,593,158 1,079,136 64,269 134,392 92,726 0 
 
$50,941,065 1,658,493 2,469,760 1,528,079 8,460,692 417,103 8,147,720 4,648,579 1,859,430 965,678 61,934 159,403 110,136 0 
 
$54,070,635 1,853,844 3,072,620 1,558,477 9,178,934 433,398 8,114,700 4,834,754 1,771,879 919,821 66,243 145,962 22,509 0 
 
$56,699,614 1,949,092 3,857,445 1,610,344 9,930,839 436,233 8,188,722 4,927,811 1,976,865 842,114 70,697 212,405 0 0 
 
$57,866,372 2,130,706 4,122,176 1,668,656 
10,379,527 480,116 
8,474,516 5,302,206 1,727,692 
941,087 66,707 215,222 
0 0 
 
14.0% 74.9% 136.5% -11.9% 39.7% 13.9% -1.1% 65.1% 51.9% 31.5% 100.0% 40.7% -100.0% -100.0% 
 
$77,701,816 $76,877,306 $75,770,980 $73,537,657 $78,467,423 $80,290,395 $81,428,072 $86,043,776 $90,702,181 $93,374,983 
 
20.2% 
 
Instruction Pupil Services Improvement of Instructional Services Educational Media Services General and School Administration Business Administration Maintenance and Operations of Plant Student Transportation Services Central Support Services Other Support Services Food Service Operations Community Services Operations Capital Outlay Debt Service 
 
2010 
65.3% 1.6% 2.2% 2.4% 9.6% 0.5% 11.0% 4.1% 1.5% 0.9% 0.0% 0.2% 0.2% 0.4% 
100.0% 
 
2011 
65.3% 1.7% 2.2% 2.4% 9.8% 0.4% 10.4% 4.4% 1.4% 1.2% 0.0% 0.2% 0.2% 0.3% 
100.0% 
 
2012 
65.2% 1.7% 1.9% 2.2% 10.0% 0.4% 10.2% 5.4% 1.5% 1.0% 0.0% 0.2% 0.0% 0.3% 
100.0% 
 
2013 
64.8% 1.7% 1.8% 2.0% 9.7% 0.5% 10.7% 5.7% 1.7% 1.2% 0.0% 0.2% 0.1% 0.1% 
100.0% 
 
2014 
63.1% 1.9% 1.7% 1.9% 9.4% 0.5% 11.1% 6.8% 1.9% 1.2% 0.1% 0.2% 0.2% 0.0% 
100.0% 
 
2015 
63.0% 1.9% 2.6% 1.9% 9.7% 0.5% 10.1% 6.6% 2.0% 1.3% 0.1% 0.2% 0.1% 0.0% 
100.0% 
 
2016 
62.6% 2.0% 3.0% 1.9% 10.4% 0.5% 10.0% 5.7% 2.3% 1.2% 0.1% 0.2% 0.1% 0.0% 
100.0% 
 
2017 
62.8% 2.2% 3.6% 1.8% 10.7% 0.5% 9.4% 5.6% 2.1% 1.1% 0.1% 0.2% 0.0% 0.0% 
100.0% 
 
2018 
62.5% 2.1% 4.3% 1.8% 10.9% 0.5% 9.0% 5.4% 2.2% 0.9% 0.1% 0.2% 0.0% 0.0% 
100.0% 
 
2019 
62.0% 2.3% 4.4% 1.8% 11.1% 0.5% 9.1% 5.7% 1.9% 1.0% 0.1% 0.2% 0.0% 0.0% 
100.0% 
 
1Percentage change computed by using the following formula: (2019 expenditure/2010 expenditure)-1 = percentage change 
 
Source: Griffin-Spalding County School System 
 
 Griffin-Spalding County School System Per Pupil Expenditures by Function, Last Ten Fiscal Years 
General Fund 
 
UNAUDITED 
 
Instruction Pupil Services Improvement of Instructional Services Educational Media Services General and School Administration Business Administration Maintenance and Operations of Plant Student Transportation Services Central Support Services Other Support Services Food Service Operations Community Services Operations Capital Outlay Debt Service 
Total Expenditures 2 
Student Enrollment 3 
 
2010 
$4,672 112 160 174 684 39 789 296 105 66 0 14 12 0 
$7,154 
10,860 
 
2011 
$4,699 124 161 173 707 31 745 320 103 84 0 14 12 0 
$7,193 
10,685 
 
2012 
$4,652 125 135 156 713 32 728 386 107 70 0 12 4 20 
$7,139 
10,614 
 
2013 
$4,500 121 122 136 672 33 745 394 115 84 0 12 6 9 
$6,949 
10,582 
 
Fiscal Year 
 
2014 
 
2015 
 
$4,661 143 126 140 693 36 821 501 137 91 7 12 17 0 
 
$4,831 148 201 146 741 37 776 504 152 103 6 13 9 0 
 
$7,384 
 
$7,666 
 
10,626 
 
10,474 
 
2016 
$4,965 162 241 149 825 41 794 453 181 94 6 16 11 0 
$7,936 
10,261 
 
2017 
$5,248 180 298 151 891 42 788 469 172 89 6 14 2 0 
$8,351 
10,305 
 
2018 
$5,461 188 372 155 956 42 789 475 190 81 7 20 0 0 
$8,736 
10,383 
 
2019 
 
Percentage Change 1 
 
$5,589 206 398 161 
1,003 46 
819 512 167 
91 6 
21 0 0 
 
19.6% 83.5% 148.1% -7.6% 46.5% 19.5% 
3.8% 73.2% 59.3% 37.9% 100.0% 47.6% -100.0% 
0.0% 
 
$9,019 
 
26.1% 
 
10,353 
 
-4.7% 
 
1Percentage change computed by using the following formula: 
(2019 revenue/2010 revenue)-1 = percentage change 2Expenditures restated on a per pupil basis by using the following formula: 
Revenue/current enrollment = per pupil revenue 3Student enrollment figures are taken from fall enrollment (October 1) reports. 
 
-113- 
 
 Griffin-Spalding County School System Free and Reduced Lunch Last Ten Fiscal Years 
 
80.00% 75.00% 70.00% 65.00% 60.00% 55.00% 50.00% 45.00% 40.00% 35.00% 30.00% 
 
Percentage of Students Eligible for F&R 
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 
 
UNAUDITED 
 
Lunch Meals Served Free Reduced Paid 
Total 
 
2010 
 
2011 
 
2012 
 
2013 
 
Fiscal Year 
 
2014 
 
2015 
 
2016 
 
2017 
 
2018 
 
2019 
 
1,027,745 1,046,085 1,086,381 1,042,616 1,046,355 1,105,505 1,051,121 1,011,571 977,785 981,943 125,258 96,503 110,639 105,123 110,333 99,399 112,445 98,288 104,952 83,417 315,738 296,584 259,927 216,889 177,353 165,135 162,692 148,076 195,831 142,292 
1,468,741 1,439,172 1,456,947 1,364,628 1,334,041 1,370,039 1,326,258 1,257,935 1,278,568 1,207,652 
 
Breakfast Meals Served Free Reduced Paid 
Total 
 
623,310 48,705 74,907 
746,922 
 
621,661 42,375 65,660 
729,696 
 
651,752 46,295 57,029 
755,076 
 
630,562 43,356 49,963 
723,881 
 
637,061 46,232 42,031 
725,324 
 
650,732 42,903 40,813 
734,448 
 
589,747 46,748 40,611 
677,106 
 
566,830 40,197 37,281 
644,308 
 
562,633 44,536 62,536 
669,705 
 
591,568 40,108 41,525 
673,201 
 
Adult & Non-reimbursable Paid - Breakfast Paid - Lunch Other - Breakfast Other - Lunch 
Total 
 
7,247 39,590 16,965 38,435 102,237 
 
5,804 36,228 21,200 49,010 112,242 
 
7,892 42,557 17,096 41,424 108,969 
 
2,631 29,805 15,655 35,826 83,917 
 
1,913 23,767 15,493 35,744 76,917 
 
1,766 25,273 16,113 38,267 81,419 
 
1,596 27,493 14,969 35,414 79,472 
 
3,402 27,775 13,204 30,158 74,539 
 
2,096 20,957 15,888 32,043 70,984 
 
2,190 17,493 13,738 28,432 61,853 
 
Total Meals Served Free Reduced Paid Other 
 
1,651,055 1,667,746 1,738,133 1,673,178 1,683,416 1,756,237 1,640,868 1,578,401 1,540,418 1,573,511 173,963 138,878 156,934 148,479 156,565 142,302 159,193 138,485 149,488 123,525 437,482 404,276 367,405 299,288 245,064 232,987 232,392 216,534 281,420 203,500 55,400 70,210 58,520 51,481 51,237 54,380 50,383 43,362 47,931 42,170 
 
Total 
 
2,317,900 2,281,110 2,320,992 2,172,426 2,136,282 2,185,906 2,082,836 1,976,782 2,019,257 1,942,706 
 
% Eligible for Free and Reduced 
 
69.57% 70.73% 73.44% 74.46% 75.58% 76.56% 76.21% 75.34% 76.90% 73.97% 
 
Source: Griffin-Spalding County School System 
 
-114- 
 
 Griffin-Spalding County School System Insurance Coverage 
 
UNAUDITED 
 
Insurance coverage of the System is summarized below. 
 
Type 
Property Boiler & Machinery Fidelity Bond Superintendent Bond 
 
Amount in Force 
$350,006,269 25,000,000 100,000 100,000 
 
Type 
General Liability School Board Errors and Omissions Automobile Liability Excess Workers' Compensation 
 
Limits of Liability 
 
Each Occurance 
 
Aggregate 
 
$1,000,000 1,000,000 1,000,000 Statutory 
 
$2,000,000 1,000,000 1,000,000 Statutory 
 
Notes: The System is partially self-insured for workers compensation claims through a self-insurance program that is periodically reviewed for actuarial soundess by an actuary. Refer to Note 8 and MD&A of the System's financial statements for a discussion of the System's risk management program. The System requires payment and performance surety bonds and builders' risk insurance of all contractors and subcontractors involved in construction related to the System's facilities. 
 
-115- 
 
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