{"response":{"docs":[{"id":"dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2014-belec-p-btext","title":"Atlanta Independent School System, comprehensive annual financial report, 2014 June 30","collection_id":"dlg_ggpd","collection_title":"Georgia Government Publications","dcterms_contributor":["Georgia. Department of Audits and Accounts, issuing body.","Atlanta Public Schools. Office of the Chief Financial Officer."],"dcterms_spatial":["United States, Georgia, 32.75042, -83.50018"],"dcterms_creator":["Georgia. Department of Audits and Accounts"],"dc_date":["2015-08-27"],"dcterms_description":["Annual financial report for Atlanta Public Schools."],"dc_format":["application/pdf"],"dcterms_identifier":null,"dcterms_language":["eng"],"dcterms_publisher":["Atlanta, Ga. : Georgia. 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Map and Government Information Library"],"edm_is_shown_by":["https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2014-belec-p-btext"],"edm_is_shown_at":["https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2014-belec-p-btext"],"dcterms_temporal":null,"dcterms_rights_holder":null,"dcterms_bibliographic_citation":null,"dlg_local_right":null,"dcterms_medium":["state government records","audits","financial records","financial statements"],"dcterms_extent":null,"dlg_subject_personal":null,"iiif_manifest_url_ss":null,"dcterms_subject_fast":null,"fulltext":null},{"id":"dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2012-h2013-belec-p-btext","title":"Atlanta Independent School System, comprehensive annual financial report, fiscal year ended June 30, 2013, June 30, 2013","collection_id":"dlg_ggpd","collection_title":"Georgia Government Publications","dcterms_contributor":["Georgia. Department of Audits and Accounts, issuing body.","Atlanta Public Schools. Office of the Chief Financial Officer."],"dcterms_spatial":["United States, Georgia, Fulton County, Atlanta, 33.749, -84.38798"],"dcterms_creator":["Georgia. Department of Audits"],"dc_date":["2013-06-30"],"dcterms_description":["Began with: Fiscal year ended June 30, 2008.","\"Prepared by Office of the Chief Financial Officer.\"","Report year covers fiscal year.","Fiscal year ended June 30, 2010-fiscal year ended June 30, 2013 called also FY 2010-FY 2013.","Issued by: Georgia. Department of Audits and Accounts, although a private accounting firm's name may appear prominently on the piece for some issues.","Fiscal year ended June 30, 2008, released in 2009? (online surrogate); title from PDF cover (Georgia Government Publications database, viewed August 10, 2023).","Fiscal year ended June 30, 2014 (online surrogate) (Received via FTP 1/14/16 from Georgia Dept. of Audits and Accounts); (Georgia Government Publications database, viewed August 10, 2023)."],"dc_format":["application/pdf"],"dcterms_identifier":null,"dcterms_language":["eng"],"dcterms_publisher":["Atlanta, Ga. : Dept. of Audits and Accounts"],"dc_relation":null,"dc_right":["http://rightsstatements.org/vocab/InC/1.0/"],"dcterms_is_part_of":null,"dcterms_subject":["Atlanta Public Schools--Appropriations and expenditures--Periodicals.","Education--Georgia--Atlanta--Auditing--Periodicals.","Education--Georgia--Atlanta--Finance--Statistics--Periodicals.","Georgia Government Documents--Serial"],"dcterms_title":["Atlanta Independent School System, comprehensive annual financial report, fiscal year ended June 30, 2013, June 30, 2013"],"dcterms_type":["Text"],"dcterms_provenance":["University of Georgia. Map and Government Information Library"],"edm_is_shown_by":["https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2012-h2013-belec-p-btext"],"edm_is_shown_at":["https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2012-h2013-belec-p-btext"],"dcterms_temporal":null,"dcterms_rights_holder":["\u0026copy; Georgia Department of Audits"],"dcterms_bibliographic_citation":null,"dlg_local_right":null,"dcterms_medium":["state government records"],"dcterms_extent":null,"dlg_subject_personal":null,"iiif_manifest_url_ss":null,"dcterms_subject_fast":null,"fulltext":"ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nComprehensive Annual Financial Report \r\nFor Fiscal Year Ended June 30, 2013 \r\nF \r\nY \r\n2 \r\n0 \r\n1 \r\n3 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\n \r\nComprehensive Annual Financial Report Table of Contents \r\nFiscal Year ended June 30, 2013 \r\n \r\nINTRODUCTORY SECTION \r\n \r\nPage \r\n \r\nLetter of Transmittal \r\n \r\ni \r\n \r\nGFOA Certificate of Achievement \r\n \r\nvii \r\n \r\nASBO International Certificate of Excellence \r\n \r\nviii \r\n \r\nList of Principal Officials \r\n \r\nix \r\n \r\nAppointed Officials \r\n \r\nxiii \r\n \r\nOrganization Chart \r\n \r\nxiv \r\n \r\nFINANCIAL SECTION \r\n \r\nReport of Independent Certified Public Accountants \r\n \r\n1 \r\n \r\nManagement's Discussion and Analysis \r\n \r\n4 \r\n \r\nBasic Financial Statements: \r\n \r\nGovernment-wide Financial Statements: \r\n \r\nStatement of Net Position \r\n \r\n16 \r\n \r\nStatement of Activities \r\n \r\n17 \r\n \r\nFund Financial Statements: \r\n \r\nBalance Sheet  Governmental Funds \r\n \r\n18 \r\n \r\nReconciliation of Total Governmental Fund Balances to the Net Position of \r\n \r\nGovernmental Activities \r\n \r\n19 \r\n \r\nStatement of Revenues, Expenditures, and Changes in Fund \r\n \r\nBalances  Governmental Funds \r\n \r\n20 \r\n \r\nReconciliation of Governmental Funds Statement of Revenues, \r\n \r\nExpenditures, and Changes in Fund Balances to the \r\n \r\nGovernment-wide Statement of Activities \r\n \r\n21 \r\n \r\nStatement of Net Position  Proprietary Fund  Food Services \r\n \r\n22 \r\n \r\nStatement of Revenues, Expenses, and Changes in Fund \r\n \r\nNet Position  Proprietary Fund  Food Services \r\n \r\n23 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\n \r\nComprehensive Annual Financial Report Table of Contents \r\nFiscal Year ended June 30, 2013 \r\n \r\nBasic Financial Statements (Continued): \r\n \r\nStatement of Cash Flows  Proprietary Fund  Food Services \r\n \r\n24 \r\n \r\nStatement of Fiduciary Assets and Liabilities \r\n \r\n25 \r\n \r\nNotes to the Basic Financial Statements \r\n \r\n26 \r\n \r\nRequired Supplementary Information: \r\n \r\nSchedule of Funding Progress \r\n \r\n53 \r\n \r\nSchedule of Revenues, Expenditures, and Changes in \r\n \r\nFund Balance  Budget and Actual  General Fund \r\n \r\n54 \r\n \r\nOTHER SUPPLEMENTARY INFORMATION \r\n \r\nCombining and Individual Fund Statements and Schedules: \r\n \r\nCombining Balance Sheet  Nonmajor Governmental Funds \r\n \r\n56 \r\n \r\nCombining Statement of Revenues, Expenditures and \r\n \r\nChanges in Fund Balances  Nonmajor Governmental Funds \r\n \r\n57 \r\n \r\nCombining Schedule of Revenues, Expenditures, and Changes in \r\n \r\nFund Balance Budget and Actual  All Special Revenue Funds \r\n \r\nCombined \r\n \r\n58 \r\n \r\nSchedule of Revenues, Expenditures, and Changes in \r\n \r\nFund Balance  Budget and Actual  Title I Special Revenue Fund \r\n \r\n60 \r\n \r\nSchedule of Revenues, Expenditures, and Changes in \r\n \r\nFund Balance  Budget and Actual  Title II Special Revenue Fund \r\n \r\n61 \r\n \r\nSchedule of Revenues, Expenditures, and Changes in \r\n \r\nFund Balance  Budget and Actual  Title VI-B Special Revenue Fund \r\n \r\n62 \r\n \r\nSchedule of Revenues, Expenditures, and Changes in Fund Balance  Budget and Actual  Lottery Grants Special Revenue Fund 63 \r\n \r\nSchedule of Revenues, Expenditures, and Changes in \r\n \r\nFund Balance  Budget and Actual Other Federal \r\n \r\nPrograms Special Revenue Fund \r\n \r\n64 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\n \r\nComprehensive Annual Financial Report Table of Contents \r\nFiscal Year ended June 30, 2013 \r\n \r\nOTHER SUPPLEMENTARY INFORMATION (Continued) \r\n \r\nSchedule of Revenues, Expenditures, and Changes in Fund Balance  Budget and Actual  Other Special Projects Special Revenue Fund 65 \r\n \r\nSchedule of Revenues, Expenditures, and Changes in \r\n \r\nFund Balance  Budget and Actual  Capital Projects Fund \r\n \r\n66 \r\n \r\nStatement of Changes in Assets and Liabilities - Agency Fund \r\n \r\n67 \r\n \r\nQuality Basic Education Programs - Program Expenditures \r\n \r\n68 \r\n \r\nGeneral Fund Quality Basic Education Program (QBE) - \r\n \r\nSchedule of Allotments and Expenditures by Program \r\n \r\n69 \r\n \r\nSchedule of Expenditures by Object - Lottery Programs \r\n \r\n70 \r\n \r\nSchedule of Approved Local Option Sales Tax Projects \r\n \r\n71 \r\n \r\nSchedule of State Revenues \r\n \r\n72 \r\n \r\nSTATISTICAL SECTION (UNAUDITED) \r\n \r\nNet Position by Component  Schedule 1 \r\n \r\n73 \r\n \r\nChanges in Net Position Schedule 2 \r\n \r\n74 \r\n \r\nGovernmental Fund Balances Schedule 3 \r\n \r\n76 \r\n \r\nChanges in Governmental Fund Balances Schedule 4 \r\n \r\n77 \r\n \r\nGeneral Fund Expenditures by Function -Schedule 5 \r\n \r\n79 \r\n \r\nGeneral Fund Revenues by Source Schedule 6 \r\n \r\n80 \r\n \r\nAssessed and Estimated Actual Value of Taxable Property  Schedule 7 \r\n \r\n81 \r\n \r\nProperty Tax Rates  All Overlapping Governments  Schedule 8 \r\n \r\n82 \r\n \r\nPrincipal Property Taxpayers  Schedule 9 \r\n \r\n83 \r\n \r\nProperty Tax Levies and Collections  Schedule 10 \r\n \r\n84 \r\n \r\nComparison of Property Tax Millage Rates  Schedule 11 \r\n \r\n85 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\n \r\nComprehensive Annual Financial Report Table of Contents \r\nFiscal Year ended June 30, 2013 \r\n \r\nSTATISTICAL SECTION (UNAUDITED) (Continued) \r\n \r\nTax Millage Rates  Schedule 12 \r\n \r\n86 \r\n \r\nRatio of Total Debt Outstanding by Type  \r\n \r\nGovernmental Activities  Schedule 13 \r\n \r\n87 \r\n \r\nSchool Buildings, Acreage, and Capacity  Schedule 14 \r\n \r\n88 \r\n \r\nDemographic Statistics  Schedule 15 \r\n \r\n90 \r\n \r\nPrincipal Employers  Schedule 16 \r\n \r\n91 \r\n \r\nGeneral Fund per Pupil Cost  Schedule 17 \r\n \r\n92 \r\n \r\nSchool Breakfast Program  Schedule 18 \r\n \r\n93 \r\n \r\nSchool Lunch Program  Schedule 19 \r\n \r\n94 \r\n \r\nNumber of Schools  Schedule 20 \r\n \r\n95 \r\n \r\nEnrollment by Grade Level  Schedule 21 \r\n \r\n96 \r\n \r\nEmployees by Function  Schedule 22 \r\n \r\n97 \r\n \r\n INTRODUCTORY SECTION \r\n \r\n        vii \r\n \r\n Association of School Business Officials International \r\nThe Certificate of Excellence in Financial Reporting Award is presented to \r\nAtlanta Independent School System \r\nFor Its Comprehensive Annual Financial Report (CAFR) For the Fiscal Year Ended June 30, 2012 \r\nThe CAFR has been reviewed and met or exceeded ASBO International's Certificate of Excellence standards \r\n \r\nRon McCulley, CPPB, RSBO President \r\nviii \r\n \r\nJohn D. Musso, CAE, RSBA Executive Director \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nList of Principal Officials June 30, 2013 \r\nSCHOOL SYSTEM BOARD MEMBERS \r\nAt-Large Seat 8: Reuben R. McDaniel, III, Chair \r\nIn May 1999, Reuben R. McDaniel, III was named President/CEO of Jackson Securities, LLC, an Atlanta based investment banking firm. With over 25 years of investment banking experience in finance management, capital markets and municipal finance, McDaniel relies on his proven financial insights, exceptional talents in building relationships, strong analytical background and consummate corporate management skills. Selected as one of Black Enterprises' \"75 Most Powerful Blacks on Wall Street,\" Mr. McDaniel was responsible for transforming the firm from a regional public finance boutique into a national institutional investment bank. Under his leadership, Jackson Securities has sustained double-digit revenue growth and diversified revenue streams by establishing a Corporate Finance Group, Wealth Management Group, and an Institutional Sales \u0026 Trading Group. \r\nDistrict 2: Byron D. Amos, Vice Chair \r\nByron D. Amos, the CEO of Capacity Builders, Inc. is a native Atlantan who has been involved in community organizing for over 20 years and has established deep-roots in the Atlanta community. As a dedicated father, community leader and resident of Vine City, he has demonstrated a passionate commitment to service that comes from a desire to see the residents of his community grow and prosper. \r\nByron has served as the Chairperson of Neighborhood Planning Unit L and as President of the Vine City Civic Association, Inc. In these positions he served the interests of the community with a deep sense of commitment, dignity, integrity, and dedication over the past several years. As a result of his stewardship, Byron has received many honors and awards, including being recognized as a WATL 36 Unsung Hero as well as an Outstanding Atlantan. Both awards were a testament to his unwavering commitment to community service and leadership. He is also a graduate of the FBI Citizens Academy and the City of Atlanta Citizen Police and Fire Academy. Along with these awards and accomplishments, Byron has had the responsibility of addressing many difficult issues faced by his beloved community. \r\nix \r\n \r\n District 1: Brenda J. Muhammad \r\nBrenda Muhammad is the executive director of the Atlanta Victim Assistance, Inc. (AVA), an organization that advocates for the fundamental rights of victims and witnesses of crime with compassion, dignity and respect. AVA provides comprehensive services which remove barriers, strengthen victims and their families, and foster a healthy transition from victim to survivor. Passionate about children and their educational needs, particularly those who are underserved, Brenda currently serves as the School Board Representative for District 1. She has also served the Atlanta School Board in times past as president and vice president. \r\nDistrict 3: Cecily Harsch-Kinnane \r\nCecily Harsch-Kinnane has been involved in Atlanta Public Schools for over ten years. She and her husband, Paul, have three children in APS and she has served as PTA president at Morningside E.S., on the PTA boards at Inman M.S. and Grady H.S., as co-president of the Council of Intown Neighborhoods and Schools and on the principal selection committee at several schools. She has been involved with Habitat for Humanity, served on the City of Atlanta Elected Officials Compensation Commission and on the board of the Atlanta Youth Soccer Association. Ms. Harsch-Kinnane is a former middle and high school math teacher and has recently been the coordinator of an after school-mentoring program. She is a native of Atlanta and received a BA in Mathematics from Brown University and has done graduate work in Math Education and Educational Psychology at Georgia State University. \r\nDistrict 4: Nancy M. Meister \r\nAs a parent and stakeholder, Nancy Meister is passionate about the future of the Atlanta Public Schools and has been personally involved in the district for many years and recognizes the importance of public education. She and her husband have watched their children grow and thrive in the Atlanta Public Schools system. As a residential real estate agent, she understands and appreciates the importance of great neighborhood schools, their impact on attracting new businesses to our city and their contribution to the overall sustainable growth of the metro area. \r\nx \r\n \r\n District 5: LaChandra Butler Burks \r\nBorn and raised in Atlanta, Georgia, LaChandra Butler Burks' passion for children and commitment to education has been evident all of her life. As a product of Atlanta Public Schools, she considers it an honor to now serve as a member of the Atlanta Board of Education because it allows her to fight daily to have quality, public education for the children of a city she dearly loves. It is her strong belief that everyone must be involved in making sure that children are whole and well. \r\nOn November 8, 2005, the residents of Atlanta elected LaChandra Butler Burks out of six candidates with 58% of the votes as the Atlanta Board of Education District 5 Representative. Ms. Burks is a graduate of L.P. Miles Elementary School and C.L. Harper High School and has a Bachelor's Degree from State University of West Georgia, (formerly West Georgia College) and a Masters of Business Administration from Keller Graduate School of Management. LaChandra Butler Burks received most of her political experience from having worked under the leadership of three Atlanta mayors for 13 years. \r\nDistrict 6: Yolanda K. Johnson \r\nYolanda Johnson is a proud resident of the Adams Park Community of Southwest Atlanta. She is a product of public schools and a practicing attorney who has been actively engaged in the community since she made Atlanta her home more than a decade ago. \r\nShe began volunteering with the Atlanta Public Schools (APS) when she agreed to serve on a committee redeveloping the curriculum for the Law and Government Magnet at Therrell High School. This experience gave her unique system insight and firsthand knowledge of how even a small group of dedicated people can make differences in the lives of our children: our future. \r\nAt-Large Seat 7: Courtney D. English \r\nCourtney English is a former Atlanta Public Schools middle school teacher and community activist. Born and raised in Atlanta, he is a proud graduate of Morehouse College. English was a founding teacher at the new All-male BEST Academy at Benjamin Carson where he taught seventh grade Social Studies. Ironically, English's lessons were delivered in the same room where he learned the subject content as a student. English is a member of the 2007 Atlanta Corps of Teach for America and now direct his efforts toward enhancing the quality of education for students. \r\nAs a former teacher, English designed and implemented a unique curriculum to teach \"Applied Social Studies,\" in which students learn the subject through the lens of all academic disciplines. His talents as an educator have been reinforced by his success rate in the classroom. Eighty percent of his students have met learning objectives with at least 80 percent proficiency for two consecutive years on the Criterion Reference Competency Test (CRCT). \r\nxi \r\n \r\n At-Large Seat 9: Emmett D. Johnson \r\nMr. Johnson has proven that he is a person dedicated to making a positive difference. He is committed to serving the need of our youth. He is knowledgeable about educational issues. As a member of the Atlanta Board of Education, Mr. Johnson: Received the 2009 Richard R. Green Award- The Richard R. Green Award, the nation's highest honor for urban education leadership, at the Council of the Great City Schools 2009 Fall conference. The Council represents 66 of the largest urban school districts in the nation, educating 7.1 million students. The Green Award is named in honor of the first African-American chancellor of the New York City school system, who had also headed Minneapolis Public Schools. As the recipient of the Richard Green Award, Johnson received a $10,000 college scholarship to present to a high school senior of his choice in the Atlanta Public Schools or from his high school alma mater. \r\nxii \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM APPOINTED OFFICIALS JUNE 30, 2013 \r\nSUPERINTENDENT \r\nErroll B. Davis, Jr. \r\nSENIOR CABINET \r\nCharles A. Burbridge....................................................................Chief Financial Officer Michael Grey (Interim)..................................................Chief Human Resources Officer Larry Hoskins......................................................Deputy Superintendent for Operations Alexis Kirijan...................................................Chief Strategy and Development Officer William T. Prescott (Interim)............................................................General Counsel Steve Smith........................................................................Associate Superintendent Karen Waldon..........................................................Deputy Superintendent Instruction David Williamson.....................................................................Chief Information Officer \r\nxiii \r\n \r\n xiv \r\n \r\n FINANCIAL SECTION \r\n \r\n  Greg S. Griffin \r\nSTATE AUDITOR \r\n(404) 656-2174 \r\n \r\nDEPARTMENT OF AUDITS AND ACCOUNTS \r\n270 Washington Street, S.W., Suite 1-156 Atlanta, Georgia 30334-8400 \r\nMarch 5, 2014 \r\n \r\nHonorable Nathan Deal, Governor Members of the General Assembly Members of the State Board of Education \r\nand Superintendent and Members of the Atlanta Independent School System \r\nINDEPENDENT AUDITOR'S REPORT \r\nLadies and Gentlemen: \r\nReport on the Financial Statements \r\nWe have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Atlanta Independent School System (School System), as of and for the year ended June 30, 2013, and the related notes to the financial statements, which collectively comprise the Board's basic financial statements as listed in the table of contents. \r\nManagement's Responsibility for the Financial Statements \r\nManagement is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. \r\nAuditor's Responsibility \r\nOur responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. \r\nAn audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. \r\n2013ARL-11 \r\n \r\n We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. \r\nOpinions \r\nIn our opinion, the financial statements referred to previously present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Atlanta Independent School System, as of June 30, 2013, and the respective changes in financial position and cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. \r\nEmphasis of Matter \r\nAs described in Notes A and S to the financial statements, in 2013, the Atlanta Independent School System adopted new accounting guidance, Governmental Accounting Standards Board (GASB) Statement No. 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position, and GASB Statement No. 65, Items Previously Reported As Assets and Liabilities, which resulted in a restatement to beginning net position of $1,381,985. Our opinion is not modified with respect to these matters. \r\nOther Matters \r\nRequired Supplementary Information \r\nAccounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis and the required supplementary information, as presented on pages 4 through 15 and pages 53 through 55 respectively, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. \r\nOther Information \r\nOur audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Atlanta Independent School System's basic financial statements. The Introductory Section, the Supplementary Information and Statistical Section are presented for the purposes of additional analysis and are not a required part of the basic financial statements. \r\nThe Supplementary Information on pages 56 through 72 is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the basic financial statements as a whole. \r\n2013ARL-11 \r\n \r\n The Introductory Section on pages i through xii and the Statistical Section on pages 73 through 97 have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we express no opinion on them. \r\nA copy of this report has been filed as a permanent record in the office of the State Auditor and made available to the press of the State, as provided for by Official Code of Georgia Annotated section 50-6-24. \r\nRespectfully, \r\n \r\nGSG:as 2013ARL-11 \r\n \r\nGreg S. Griffin State Auditor \r\n \r\n  MANAGEMENT'S DISCUSSION AND ANALYSIS \r\n \r\n  ATLANTA INDEPENDENT SCHOOL SYSTEM Management's Discussion and Analysis For the Fiscal Year Ended June 30, 2013 \r\nThe discussion and analysis of the Atlanta Independent School System's financial performance provides an overview of the fiscal year ended June 30, 2013. The intent of this discussion and analysis is to examine the School System's financial performance as a whole, identify changes in financial position as well as to provide basic financial statements. The Basic Financial Statements should be reviewed by the readers to enhance their understanding of the School System's financial performance as a whole or as an entire operating entity. The Basic Financial Statements contain the following components: \r\n1) Government-wide financial statements including the Statement of Net Position and the Statement of Activities, which provide a broad, long-term overview of the School System's finances. \r\n2) Fund-level financial statements provide a greater level of detail about the School System's major funds and focus on how well the School System has performed in the short-term in the most significant funds. \r\n3) Notes to the Basic Financial Statements. \r\nThis report also presents the highlights for the fiscal year ended June 30, 2013 and contains other supplementary information. \r\nFINANCIAL HIGHLIGHTS \r\nOverall, net position in fiscal year 2013 increased by 2.2% over fiscal year 2012. The 2012 net position was restated due to a change in accounting principle. See Note S for more information on this change. This is evidence of management's ability to maintain a balanced budget and control expenses despite austerity reductions due to economic downturns affecting the District's revenues. The key financial highlights for fiscal year 2013 as represented are the following: \r\n Total net position for the School System increased from approximately $1,388.29 million in fiscal year 2012 to approximately $1,419.33 million in fiscal year 2013, an increase of approximately $31.04 million or 2.2% due to revenues exceeding expenses primarily due to budget cuts. Net position increased by approximately $30.31 million for Governmental Activities and increased by $0.73 million for Business-type Activities. \r\n Total revenues decreased from approximately $775.09 million in fiscal year 2012 to approximately $768.51 million in fiscal year 2013, a decrease of approximately $6.58 million or 0.9%. Revenue for Governmental Activities decreased approximately $5.58 million while revenue for Business-type activities decreased by approximately $1 million. \r\n Total expenses decreased approximately $15.43 million or 2.1% from approximately $752.90 million in fiscal year 2012 to approximately $737.47 million in fiscal year 2013. Expenses decreased in Governmental Activities by approximately $16.41 million and increased by approximately $0.98 million in Business-type Activities. \r\n4 \r\n \r\n The School System has prepared its annual financial reports according to the Governmental Accounting Standards Board No. 34 financial reporting model, illustrated by the following graphic. \r\nOVERVIEW OF FINANCIAL STATEMENTS Government-wide Financial Statements The Governmentwide financial statements are designed to provide the reader with a broad overview of the School System's finances in a manner similar to those used by private-sector businesses. The Statement of Net Position and the Statement of Activities provide information about the activities of the whole School System, presenting an aggregate and long-term perspective of the finances. These statements include all assets and liabilities using the accrual basis of accounting. This basis of accounting includes all of the current fiscal year's revenues and expenses regardless of when cash is received or paid. \r\no The Statement of Net Position presents information on all of the Schools System's assets and liabilities, with the difference between the two reported as net position. Increases or decreases in net position may serve as a useful indicator of whether the financial position is improving or deteriorating. \r\no The Statement of Activities presents information showing how net position changed during the fiscal year. All changes in the net position are reported as soon as the underlying event giving rise \r\n5 \r\n \r\n to the change occurs, regardless of the timing of the related cash flows. Thus, revenues and expenses are reported in the statement for some items that will result in cash flows in future fiscal periods (for example, uncollected taxes and earned but unused vacation leave). \r\n \r\nIncluded in the Statement of Net Position and Statement of Activities for the School System are two distinct kinds of activities: \r\n \r\n Governmental Activities  Most of the School System's programs and services are reported here including instruction, pupil services, improvement of instruction, educational media, general administrative, school administrative, business administration, maintenance and operation of facilities, student transportation, and central support. \r\n \r\n Business-type Activities  This service is provided on a charge for goods or services basis to recover all of the expenses of the goods or services provided. The Food Services proprietary fund is reported as a business-type activity. \r\n \r\nTable 1 - Condensed Statement of Net Position (in millions of dollars) \r\n \r\nCurrent and other assets Net capital assets \r\nTotal assets \r\n \r\nGovernmental Activities \r\n \r\nRes tated \r\n \r\n2013 \r\n \r\n2012 \r\n \r\nBusiness-type Activities \r\n \r\n2013 \r\n \r\n2012 \r\n \r\nTotal Primary Government \r\n \r\nRestated percentage \r\n \r\n2013 \r\n \r\n2012 \r\n \r\nchange \r\n \r\n$ \r\n \r\n333.41 $ 356.53 $ \r\n \r\n5.61 $ \r\n \r\n5.21 $ 339.02 $ 361.74 \r\n \r\n-6.3% \r\n \r\n1,307.21 \r\n \r\n1,248.73 \r\n \r\n0.14 \r\n \r\n- \r\n \r\n1,307.35 \r\n \r\n1,248.73 \r\n \r\n4.7% \r\n \r\n1,640.62 \r\n \r\n1,605.26 \r\n \r\n5.75 \r\n \r\n5.21 \r\n \r\n1,646.37 \r\n \r\n1,610.47 \r\n \r\n2.2% \r\n \r\nLong-term debt outstanding Other liabilities \r\n \r\n140.90 \r\n \r\n152.75 \r\n \r\n- \r\n \r\n86.01 \r\n \r\n69.11 \r\n \r\n0.13 \r\n \r\n- \r\n \r\n140.90 \r\n \r\n152.75 \r\n \r\n-7.8% \r\n \r\n0.32 \r\n \r\n86.14 \r\n \r\n69.43 \r\n \r\n24.1% \r\n \r\nTotal liabilities \r\n \r\n226.91 \r\n \r\n221.86 \r\n \r\n0.13 \r\n \r\n0.32 \r\n \r\n227.04 \r\n \r\n222.18 \r\n \r\n2.2% \r\n \r\nNet position Net investment in capital assets Restricted for debt service Restricted for capital projects Restriced for state and local programs Restricted for school construction Unres tricted \r\n \r\nTotal net position \r\n \r\n$ \r\n \r\n1,187.17 0.39 \r\n113.88 5.18 0.49 \r\n106.60 \r\n1,413.71 $ \r\n \r\n1,171.49 0.30 65.80 6.26 43.66 95.89 \r\n1,383.40 $ \r\n \r\n0.14 5.48 \r\n5.62 $ \r\n \r\n4.89 \r\n4.89 $ \r\n \r\n1,187.31 0.39 \r\n113.88 5.18 0.49 \r\n112.08 \r\n1,419.33 $ \r\n \r\n1,171.49 0.30 65.80 6.26 43.66 \r\n100.78 \r\n1,388.29 \r\n \r\n1.4% 30.0% 73.1% -17.3% -98.9% 11.2% \r\n2.2% \r\n \r\n Total assets increased by roughly $35.90 million or 2.2%. \r\n \r\n Current and other assets decreased by roughly $22.70 million or 6.3%. \r\n \r\n Capital assets, net of accumulated depreciation for all governmental activities increased by roughly $58.62 million. The increase primarily represents additions to construction in progress, buildings, building improvements, and equipment less the current fiscal year's disposals and depreciation expense. \r\n \r\n Long-term debt outstanding decreased by roughly $11.85 million or 7.8%. The decrease was primarily due to scheduled principal payments and the current fiscal year's amortization of the premium related to the Certificates of Participation issued in fiscal year 2011. \r\n \r\n6 \r\n \r\n Table 2 - Condensed Changes in Net Position (in millions of dollars) Governmental Activities \r\n \r\nBus ines s -typ e Activities \r\n \r\nTotal Primary Government \r\n \r\nRes tated \r\n \r\n2013 \r\n \r\n2012 \r\n \r\n2013 \r\n \r\n2012 \r\n \r\nRevenues \r\n \r\nProgram revenues \r\n \r\nCharges for services \r\n \r\n$ \r\n \r\nOperating grants and contributions \r\n \r\nCapital grants and contributions \r\n \r\nGeneral revenues \r\n \r\nProperty taxes, levied for general purposes \r\n \r\nSpecial Purpose Local Option Sales Tax \r\n \r\nInvestment earnings \r\n \r\nGrants and Contributions not restricted to \r\n \r\nspecific programs \r\n \r\nProperty taxes levied for debt service \r\n \r\nSpecial item - impairment los s \r\n \r\n4.54 $ 218.52 \r\n4.18 \r\n416.36 85.38 0.20 \r\n20.94 1.91 (7.93) \r\n \r\n1.72 $ 218.28 \r\n8.80 \r\n \r\n1.28 $ 23.13 \r\n- \r\n \r\n414.32 \r\n \r\n- \r\n \r\n93.70 \r\n \r\n- \r\n \r\n0.13 \r\n \r\n- \r\n \r\n11.62 \r\n \r\n- \r\n \r\n1.11 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n1.64 $ 23.77 \r\n- \r\n- \r\n- \r\n \r\nRestated Percentage \r\n \r\n2013 \r\n \r\n2012 \r\n \r\nChange \r\n \r\n5.82 $ 241.65 \r\n4.18 \r\n416.36 85.38 0.20 \r\n20.94 1.91 (7.93) \r\n \r\n3.36 242.05 \r\n8.80 \r\n414.32 93.70 0.13 \r\n11.62 1.11 - \r\n \r\n73.2% -0.2% -52.5% \r\n0.5% -8.9% 53.9% \r\n80.2% 72.1% -100.0% \r\n \r\nTotal Revenues \r\nExpen s es : \r\nIns truction Support Services: Pupil services Improvement of instructional services Educational media Federal grant administration General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Nutrition Other support services Interest and fiscal charges \r\n \r\n744.10 \r\n \r\n749.68 \r\n \r\n24.41 \r\n \r\n25.41 \r\n \r\n768.51 \r\n \r\n775.09 \r\n \r\n-0.9% \r\n \r\n426.04 \r\n25.11 42.92 8.87 1.97 14.33 40.65 15.16 80.78 24.89 23.30 0.91 3.01 5.85 \r\n \r\n406.00 \r\n29.54 38.21 8.96 1.12 17.88 30.83 22.61 97.08 29.77 28.38 0.36 13.04 6.42 \r\n \r\n- \r\n23.68 - \r\n \r\n- \r\n22.70 - \r\n \r\n426.04 - \r\n25.11 42.92 8.87 1.97 14.33 40.65 15.16 80.78 24.89 23.30 24.59 3.01 5.85 \r\n \r\n406.00 \r\n29.54 38.21 8.96 1.12 17.88 30.83 22.61 97.08 29.77 28.38 23.06 13.04 6.42 \r\n \r\n4.9% \r\n-15.0% 12.3% -1.0% 75.9% -19.9% 31.9% -33.0% -16.8% -16.4% -17.9% 6.6% -76.9% -8.9% \r\n \r\nTotal Expenses \r\nChange in Net Position Beginning Net Position, as restated Ending Net Position \r\n \r\n713.79 \r\n \r\n730.20 \r\n \r\n23.68 \r\n \r\n22.70 \r\n \r\n737.47 \r\n \r\n752.90 \r\n \r\n$ \r\n \r\n30.31 $ \r\n \r\n19.48 $ \r\n \r\n1,383.40 \r\n \r\n1,363.92 \r\n \r\n$ 1,413.71 $ 1,383.40 $ \r\n \r\n0.73 $ \r\n4.89 5.62 $ \r\n \r\n2.71 $ \r\n2.18 4.89 $ \r\n \r\n31.04 $ \r\n1,388.29 1,419.33 $ \r\n \r\n22.19 \r\n1,366.10 1,388.29 \r\n \r\n-2.1% 39.9% \r\n \r\n7 \r\n \r\n Primary Government Sources of Revenues \r\nTotal revenues net of special item, decreased $6.58 million or 0.9% from fiscal year 2012 to fiscal year 2013. This change is mainly due to the one-time impairment losses on Sylvan Middle School and E. Rivers Elementary School. Please see Note G for additional information. \r\n Program revenues are primarily grant related and account for approximately $251.65 million or 32.8% of total revenues received and include State QBE revenue. \r\n General revenues represent the major revenue stream for the School System. They account for 67.3% or $516.86 million of total revenues received in fiscal year 2013. \r\n Business-type activities revenues decreased from 2012 to 2013 by $1 million or 3.9%. Revenues decreased due to a decline in participation volume. \r\n8 \r\n \r\n Primary Government Expenses \r\nTotal expenses decreased from 2012 to 2013 by 2.1% or $15.43 million. Management continues to forecast spending levels and manage spending throughout the fiscal year. \r\n Governmental activities account for 96.8% or $713.79 million of total School System spending. Four groups of activities account for 90.3% or $644.99 million of governmental activities spending: instruction ($426.04 million or 59.7%); pupil services and improvement of instructional services ($68.03 million or 9.5%); administration and business services ($70.14 million or 9.8%); and maintenance and operations ($80.78 million or 11.3%). \r\n Business-type activities expenses increased by $0.98 million or 4.3%. Expenses increased due to additional spending for professional services and equipment refresh purchases. \r\n9 \r\n \r\n Table 3 - Net Cost of Governmental Activities (in millions of dollars) \r\n \r\nInstruction Support Services : Pupil services Improvement of instructional services Educational media Federal grant administration General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Other support services \r\nNutrition \r\nInterest and fiscal charges \r\nTotal Expenses \r\n \r\nTotal Cost of Services \r\n \r\nNet Cost of Services \r\n \r\n2013 \r\n \r\n2012 \r\n \r\n$ 426.04 $ 406.00 \r\n \r\nPercentage Change 4.9% $ \r\n \r\n2013 308.41 $ \r\n \r\n2012 286.97 \r\n \r\nPercentage Change 7.5% \r\n \r\n25.11 42.92 8.87 1.97 14.33 40.65 15.16 80.78 24.89 23.30 3.01 \r\n \r\n29.54 38.21 8.96 1.12 17.88 30.83 22.61 97.08 29.77 28.38 13.04 \r\n \r\n0.91 \r\n \r\n0.36 \r\n \r\n5.85 \r\n \r\n6.42 \r\n \r\n$ 713.79 $ 730.20 \r\n \r\n-15.0% 12.3% -1.0% 75.9% -19.9% 31.9% -33.0% -16.8% -16.4% -17.9% -76.9% \r\n152.8% \r\n-8.9% \r\n-2.3% $ \r\n \r\n13.24 7.96 6.65 8.11 30.41 11.93 61.13 18.12 17.36 0.54 \r\n0.50 \r\n2.19 \r\n486.55 $ \r\n \r\n17.76 7.73 8.96 10.19 23.50 18.50 73.80 21.55 20.42 8.10 \r\n- \r\n3.90 \r\n501.38 \r\n \r\n-25.5% 3.0% \r\n-25.8% 0.0% \r\n-20.4% 29.4% -35.5% -17.2% -15.9% -15.0% -93.3% \r\n100.0% \r\n-43.9% \r\n-3.0% \r\n \r\nThe net cost of governmental activities represents the cost of operating the School System to be covered by general revenues, including property taxes. The net cost of services decrease is attributable to controlled spending combined with a decrease in program revenues. \r\nCapital Assets \r\nCapital assets, net of accumulated depreciation for governmental activities for the District was approximately $1.30 billion. The following table provides a summary of capital asset activity: \r\n \r\n10 \r\n \r\n Construction in Progress and Buildings SPLOST IV construction programs to renovate or construct academic facilities are in the 12th month of a 60 month program. For more detailed information on the School System's capital assets, see Note G in the Notes to the Basic Financial Statements. Long-term Debt and Obligations Long-term Debt and Obligations related to governmental activities for the District was $140.9 million. The following table provides a summary of long term debt activity: \r\n11 \r\n \r\n Outstanding long-term debt decreased in the current fiscal year due to scheduled principal payments, the current fiscal year's amortization of the premium related to the Certificates of Participation issued in fiscal year 2011, and an overall decrease in Contingent Liabilities. For more detailed information on the School System's long-term debt, see Notes H and I in the Notes to the Basic Financial Statements. \r\n \r\nFund Financial Statements \r\n \r\nFund financial statements provide detailed information regarding the resources segregated for specific activities or objectives, not Government-wide. Funds are used to track specific sources of revenue and expenditures for particular programs. \r\n \r\nThe School System has three types of funds: \r\n \r\nGovernmental funds  These funds are used to account for most of the School System's basic services and focus on providing cash flow available for spending. These funds include the General Fund, Capital Projects Fund, and other governmental funds of lesser magnitude. Fund accounting statements use the modified accrual method of accounting, which measures cash and other financial assets that can be readily converted to cash. These statements present a short-term view of the School System's operations and services and do not include the long-term focus presented in the Government-wide financial statements. For an explanation of the differences, see the reconciliations included with the Governmental Fund Statements. \r\n \r\nProprietary fund  This fund consists of services provided by the School System for a fee and employs the full accrual method of accounting in the same manner as the Government-wide financial statements. The School System has one proprietary fund, Food Services. This fund provides student meals at a cost based on the student's ability to pay, subsidized by Federal funds and the School System. \r\n \r\nFiduciary fund  This fund accounts for assets not owned by the School System but for which the School System is responsible for ensuring that the assets in the funds are used for their designated purposes. This fund is not included in the Government-wide financial statements because it cannot be used to finance the School System operations. The School System has one fiduciary fund - Agency Funds (Local School, Club, and Class Funds). \r\n \r\nThe following presents a summary of the General Fund, Capital Projects Fund, and other non-major governmental funds by type of revenue for the fiscal year ended June 30, 2013 as compared to June 30, 2012. \r\n \r\nTable 6 - Revenues and other financing sources (in millions of dollars) \r\n \r\nGovernmental Funds \r\n \r\nIn creas e \r\n \r\n2013 \r\n \r\n2012 \r\n \r\n(Decreas e) \r\n \r\nLocal taxes Sales taxes income State revenues Federal revenues Investment income Facility rental fees Charges for services Other Proceeds from s ale of capital leas es Proceeds from s ale of capital as s ets \r\n \r\n$ 413.47 $ 85.98 146.33 67.83 0.20 1.16 3.37 31.59 0.14 \r\n \r\n445.18 $ 93.10 142.66 75.79 0.13 1.00 0.72 20.72 4.47 0.25 \r\n \r\n(31.71) (7.12) 3.67 (7.96) 0.07 0.16 2.65 10.87 (4.47) (0.11) \r\n \r\nPercentage Change \r\n-7.1% -7.7% 2.6% -10.5% 53.8% 16.0% 368.1% 52.5% -100.0% -44.0% \r\n \r\nTotal Revenues and other financing sources \r\n \r\n$ 750.07 $ 784.02 $ \r\n \r\n(33.95) \r\n \r\n-4.3% \r\n \r\n12 \r\n \r\n The following table presents a summary of the General Fund, Capital Projects Fund, and nonmajor governmental funds by type of expenditures for the fiscal year ended June 30, 2013 as compared to June 30, 2012. \r\n \r\nTable 7 - Expenditures (in millions of dollars) \r\n \r\nGovernmental Funds \r\n \r\nIn creas e \r\n \r\nPercentage \r\n \r\n2013 \r\n \r\n2012 \r\n \r\n(Decreas e) \r\n \r\nChange \r\n \r\nIns truction Support services Pupil services Improvement of instructional services Educational media Federal grant administration General administration School administration Business administration Maintenance and operation of facilities Student transportation \r\nCentral support Other support services Nutrition Capital outlays Debt service \r\nTotal Expenditures \r\n \r\n$ 384.98 $ 369.98 $ \r\n \r\n25.02 42.92 8.83 1.97 14.32 40.65 12.51 77.74 22.57 \r\n23.30 3.01 0.91 117.78 16.22 792.73 \r\n \r\n29.46 38.21 8.91 1.12 17.88 30.83 16.65 98.72 27.60 \r\n28.29 13.04 0.36 46.05 13.24 740.34 \r\n \r\n15.00 \r\n(4.44) 4.71 (0.08) 0.85 (3.56) 9.82 (4.14) (20.98) (5.03) \r\n(4.99) (10.03) \r\n0.55 71.73 2.98 52.39 \r\n \r\n4.1% \r\n-15.1% 12.3% -0.9% 75.9% -19.9% 31.9% -24.9% -21.3% -18.2% \r\n-17.6% -76.9% 152.8% 155.8% 22.5% \r\n7.1% \r\n \r\nExcess (deficiency) of revenues and other financing sources over (under) expenditures - See Table 6 \r\nTransfers in Transfers out \r\n \r\n(42.66) \r\n5.93 (5.93) \r\n \r\n43.68 \r\n0.60 (0.60) \r\n \r\n(86.34) \r\n5.33 (5.33) \r\n \r\nFund Balances, Beginning of Fiscal Year \r\n \r\n267.81 \r\n \r\n224.13 \r\n \r\n43.68 \r\n \r\nFund Balances, End of Fiscal Year \r\n \r\n$ 225.15 $ 267.81 $ \r\n \r\n(42.66) \r\n \r\nAnalysis of Major Governmental Funds \r\nThe School System has two major governmental funds: the General Fund and Capital Projects Fund. The General Fund is the general operating fund of the School System and is used to account for all financial resources except those funds accounted for in other funds. The Capital Projects Fund is used for the acquisition or construction of major capital facilities and to account for the bond proceeds restricted to renovation and school construction. \r\n \r\n13 \r\n \r\n General Fund \r\nAs of June 30, 2013, total fund balance in the General Fund was approximately $85.22 million. This balance includes approximately $2.40 million nonspendable, $0.39 million restricted, approximately $1.14 million committed, $25.30 million assigned, and $55.99 million unassigned fund balance. As a result of operations in fiscal year 2013, the fund balance increased by $3.20 million. The increase in fund balance is attributable to continued diligence in monitoring costs. \r\n \r\nFor Budget to Actual comparison purposes, the General Fund reported excess expenditures over final budget for the following functions: \r\n \r\nInstruction Salary \r\n \r\n$8,864,128 \r\n \r\nDue to additional teachers required to reduce class size from the original plan \r\n \r\nNon-Salary \r\nPupil Services Non-Salary \r\n \r\n$3,579,404 $3,176,514 \r\n \r\nDue to increase in program support for Residential Facilities, Classroom Instruction, Instructional Support  CLL and Commencement Exercises \r\nDue to school-based supply purchases, which are never budgeted in the General Fund, but are the result of consolidation \r\n \r\nSchool Administration Salary \r\n \r\n$1,001,215 \r\n \r\nDue to additional Assistant Principals being deployed in schools \r\n \r\nMaintenance and Operations Non-Salary \r\n \r\n$789,372 \r\n \r\nDue to increase in operational cost for utilities and building operations \r\n \r\nStudent Transportation Salary \r\n \r\n$1,832,042 \r\n \r\nDue to additional bus drivers required as a result of foregoing implementation of planned walk zones \r\n \r\nNon-Salary \r\n \r\n$480,911 \r\n \r\nDue to higher purchased professional services and transportation services \r\n \r\nCentral Support Salary \r\n \r\n$1,532 Due to increases in employee benefits \r\n \r\nOther Support Non-Salary \r\n \r\n$357,879 \r\n \r\nDue to an increase in other purchased services for Residential Facilities \r\n \r\nNutrition Salary \r\n \r\n$200,142 Due to increases in employee benefits \r\n \r\n14 \r\n \r\n Capital Projects Fund \r\nAs of June 30, 2013, total fund balance in the Capital Projects Fund was $131.75 million. This balance includes $2.66 million nonspendable, $113.87 million restricted, and approximately $15.22 million assigned. The fund balance decreased by $1.98 million due primarily to an increase in SPLOST expenditures and a decrease in SPLOST revenues. \r\nOther Governmental Funds \r\nAs of June 30, 2013, total fund balance in Nonmajor Governmental Funds was $8.17 million. This balance included approximately $5.81 million restricted and $2.36 million assigned. In fiscal year 2012, the Education Reform Success Fund (ERS) was presented as a major fund with an ending fund balance of $43.66 million. In fiscal year 2013, the ERS fund balance had significantly declined to approximately $0.63 million resulting in classification as a Nonmajor fund. The fund balance for ERS decreased by approximately $43.04 million in the current fiscal year, with overall Nonmajor funds decreasing by approximately $43.88 million. \r\nCurrent Issues \r\nCurrently known facts, decisions, or conditions that are expected to significantly affect the financial position or results of operations are as follows: \r\nTax revenues as well as State Quality Basic Education funding have suffered reductions. The continued support of our schools by the public, local community organizations, and businesses continues to be an integral part of our ability to educate our students. \r\nRevenue from the Special Purpose Local Option Sales Tax IV was approved by voters in November of 2011 and the funding, which began in August 2012, has facilitated our ability to replace and improve existing schools and add additional classrooms. Our operating budget will continue to be tight, as we expect decreased funding from the State of Georgia due to current financial conditions. Despite these challenges, we remain committed to using our financial resources efficiently to provide an exceptional educational experience for our students. \r\nGeneral Fund Budgetary Highlights \r\nThe School System's budget is prepared by the Finance Division and is a collaborative effort between the School System and the Atlanta community. The basis for preparation utilizes a zero-based approach because it has systematically provided a more accurate account of anticipated spending levels for the fiscal year. \r\nDetails of the General Fund original budget and amended budget are presented in the Financial Section of this report. \r\nRequests for Information \r\nThis financial report is designed to provide a general overview of the School System's finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the School System's Chief Financial Officer at 130 Trinity Avenue SW, Atlanta, Georgia 30303. \r\n15 \r\n \r\n BASIC FINANCIAL STATEMENTS \r\n \r\n  ATLANTA INDEPENDENT SCHOOL SYSTEM Statement of Net Position June 30, 2013 \r\n \r\nASSETS Current Assets: \r\nCash and cash equivalents Investments Receivables (net of allowance \r\nfor uncollectibles): Taxes Other \r\nDue from other governments Internal balances Inventory Prepaid items \r\nTotal Current Assets Noncurrent Assets: \r\nNet pension asset Capital Assets: \r\nNondepreciable capital assets Depreciable capital assets, net Total Noncurrent Assets TOTAL ASSETS \r\nLIABILITIES Current Liabilities: \r\nAccounts payable Contracts payable Accrued liabilities Retainage payable Due to other governments Deposits and unearned revenues Compensated absences payable, current portion Capital leases payable, current portion Certificates of participation, current portion Claims payable, current portion Intergovernmental agreement, current portion Contingent liabilities, current portion \r\nTotal Current Liabilities Noncurrent Liabilities: \r\nCompensated absences payable Capital leases payable Certificates of participation Claims payable Intergovernmental agreement Contingent liabilities \r\nTotal Noncurrent Liabilities TOTAL LIABILITIES \r\nNET POSITION Net investment in capital assets Restricted for: Debt service Capital projects School construction Other state and local programs Unrestricted \r\nTOTAL NET POSITION \r\n \r\nGovernmental Activities \r\n \r\nBusiness-Type Activities \r\n \r\nTotal \r\n \r\n$ \r\n \r\n178,461,700 $ \r\n \r\n72,471,224 \r\n \r\n6,472,072 $ - \r\n \r\n184,933,772 72,471,224 \r\n \r\n23,763,711 730,575 \r\n40,813,981 1,336,387 \r\n5,057,301 322,634,879 \r\n10,770,550 \r\n292,152,244 1,015,056,264 1,317,979,058 1,640,613,937 \r\n \r\n1,230 237,282 (1,336,387) 232,128 \r\n5,606,325 \r\n- \r\n141,550 141,550 5,747,875 \r\n \r\n23,763,711 731,805 \r\n41,051,263 - \r\n232,128 5,057,301 328,241,204 \r\n10,770,550 \r\n292,152,244 1,015,197,814 1,318,120,608 1,646,361,812 \r\n \r\n21,325,913 15,336,305 42,542,543 \r\n6,727,344 75,039 - \r\n3,095,048 1,265,265 6,710,000 2,068,429 1,143,625 \r\n315,000 100,604,511 \r\n2,089,302 4,753,381 100,721,623 3,368,144 15,167,625 \r\n200,000 126,300,075 226,904,586 \r\n1,187,165,191 \r\n395,553 113,874,603 \r\n491,989 5,183,951 106,598,064 $ 1,413,709,351 $ \r\n \r\n1,043 - \r\n123,732 - \r\n124,775 \r\n124,775 \r\n \r\n21,326,956 15,336,305 42,542,543 \r\n6,727,344 75,039 123,732 \r\n3,095,048 1,265,265 6,710,000 2,068,429 1,143,625 \r\n315,000 100,729,286 \r\n2,089,302 4,753,381 100,721,623 3,368,144 15,167,625 \r\n200,000 126,300,075 227,029,361 \r\n \r\n141,550 \r\n \r\n1,187,306,741 \r\n \r\n- \r\n \r\n395,553 \r\n \r\n- \r\n \r\n113,874,603 \r\n \r\n- \r\n \r\n491,989 \r\n \r\n- \r\n \r\n5,183,951 \r\n \r\n5,481,550 \r\n \r\n112,079,614 \r\n \r\n5,623,100 $ 1,419,332,451 \r\n \r\nSee accompanying notes to the basic financial statements. 16 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Statement of Activities \r\nFor the Fiscal Year Ended June 30, 2013 \r\n \r\nPRIMARY GOVERNMENT: Governmental Activities: \r\nInstruction Support services: \r\nPupil services Improvement of instructional services Educational media Federal grant administration General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Other support services Nutrition Interest and fiscal charges \r\nTotal Governmental Activities \r\nBusiness-Type Activities: Food services \r\nTotal Business-Type Activities \r\nTotal - Primary Government \r\n \r\nExpenses \r\n \r\nCharges for Services \r\n \r\nProgram Revenues \r\n \r\nOperating Grants and Contributions \r\n \r\nCapital Grants and Contributions \r\n \r\nNet (Expense) Revenue and Changes in Net Position \r\n \r\nGovernmental Activities \r\n \r\nBusiness-Type Activities \r\n \r\nTotal \r\n \r\n$ 426,037,447 $ \r\n \r\n2,591 $ 113,724,544 $ 3,904,228 $ (308,406,084) $ \r\n \r\n25,105,338 42,917,654 \r\n8,869,786 1,973,342 14,324,803 40,648,067 15,157,828 80,783,550 24,892,766 23,304,350 3,011,547 \r\n910,473 5,851,816 \r\n713,788,767 \r\n \r\n3,373,883 - \r\n1,158,726 - \r\n4,535,200 \r\n \r\n8,489,114 34,826,333 \r\n2,223,907 1,973,342 6,213,208 10,237,170 3,227,896 18,353,454 6,767,808 5,947,248 2,467,522 \r\n407,762 3,659,230 \r\n218,518,538 \r\n \r\n135,500 \r\n135,650 - \r\n4,175,378 \r\n \r\n(13,242,341) (7,955,821) (6,645,879) (8,111,595) \r\n(30,410,897) (11,929,932) (61,135,720) (18,124,958) (17,357,102) \r\n(544,025) (502,711) (2,192,586) \r\n(486,559,651) \r\n \r\n- $ (308,406,084) \r\n \r\n- \r\n \r\n(13,242,341) \r\n \r\n- \r\n \r\n(7,955,821) \r\n \r\n- \r\n \r\n(6,645,879) \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n(8,111,595) \r\n \r\n- \r\n \r\n(30,410,897) \r\n \r\n- \r\n \r\n(11,929,932) \r\n \r\n- \r\n \r\n(61,135,720) \r\n \r\n- \r\n \r\n(18,124,958) \r\n \r\n- \r\n \r\n(17,357,102) \r\n \r\n- \r\n \r\n(544,025) \r\n \r\n- \r\n \r\n(502,711) \r\n \r\n- \r\n \r\n(2,192,586) \r\n \r\n- \r\n \r\n(486,559,651) \r\n \r\n23,680,487 \r\n \r\n1,279,087 \r\n \r\n23,131,319 \r\n \r\n- \r\n \r\n23,680,487 \r\n \r\n1,279,087 \r\n \r\n23,131,319 \r\n \r\n- \r\n \r\n$ 737,469,254 $ 5,814,287 $ 241,649,857 $ 4,175,378 \r\n \r\n(486,559,651) \r\n \r\n729,919 729,919 729,919 \r\n \r\n729,919 729,919 (485,829,732) \r\n \r\nGENERAL REVENUES: Taxes: Property taxes levied for general purposes Property taxes levied for debt service Special purpose local option sales tax Unrestricted grants and contributions Unrestricted investment earnings \r\nSpecial item - impairment loss (See Note G) \r\nTotal General Revenues and Special Item \r\nChange in Net Position \r\nNET POSITION, beginning of fiscal year, restated \r\nNET POSITION, end of fiscal year \r\n \r\n416,364,236 1,910,601 \r\n85,376,919 20,946,374 \r\n198,096 (7,928,325) \r\n516,867,901 \r\n30,308,250 \r\n1,383,401,101 \r\n$ 1,413,709,351 $ \r\n \r\n- \r\n729,919 \r\n4,893,181 5,623,100 \r\n \r\n416,364,236 1,910,601 \r\n85,376,919 20,946,374 \r\n198,096 (7,928,325) \r\n516,867,901 \r\n31,038,169 \r\n1,388,294,282 \r\n$ 1,419,332,451 \r\n \r\nSee accompanying notes to the basic financial statements. 17 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Balance Sheet \r\nGovernmental Funds June 30, 2013 \r\n \r\nASSETS Cash and cash equivalents Investments Receivables (net of allowance for uncollectibles): Taxes Other Due from other governments Due from other funds Prepaid items \r\nTOTAL ASSETS \r\nLIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES \r\nLIABILITIES Accounts payable Contracts payable Accrued liabilities Retainage payable Due to other governments Due to other funds \r\nTOTAL LIABILITIES \r\nDEFERRED INFLOWS OF RESOURCES Unavailable revenues - property taxes Unavailable revenues - intergovernmental \r\nTOTAL DEFERRED INFLOWS OF RESOURCES \r\nFUND BALANCES Nonspendable: Prepaid items Restricted: Debt service Capital projects Other state and local programs School construction Committed: School based activities Assigned: Fiscal year 2014 operations Capital projects Local school programs Unassigned \r\nTOTAL FUND BALANCES \r\nTOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES \r\n \r\nGeneral Fund \r\n$ 103,969,050 15,532,356 \r\n \r\nCapital Projects \r\nFund \r\n$ 74,358,354 56,938,868 \r\n \r\nNonmajor Governmental \r\nFunds \r\n$ 134,296 - \r\n \r\nTotal Governmental \r\nFunds \r\n$ 178,461,700 72,471,224 \r\n \r\n16,617,363 730,575 \r\n22,667,851 20,441,951 2,396,733 \r\n$ 182,355,879 \r\n \r\n7,146,348 - \r\n135,650 14,448,415 2,660,568 \r\n$ 155,688,203 \r\n \r\n18,010,480 8,481,946 - \r\n$ 26,626,722 \r\n \r\n23,763,711 730,575 \r\n40,813,981 43,372,312 \r\n5,057,301 \r\n$ 364,670,804 \r\n \r\n$ 20,091,762 40,630 \r\n40,537,892 - \r\n50,000 22,931,944 \r\n83,652,228 \r\n \r\n$ 1,212,908 15,295,675 6,727,344 698,099 \r\n23,934,026 \r\n \r\n$ \r\n \r\n21,243 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n25,039 \r\n \r\n18,405,882 \r\n \r\n18,452,164 \r\n \r\n$ 21,325,913 15,336,305 40,537,892 6,727,344 75,039 42,035,925 \r\n126,038,418 \r\n \r\n11,531,717 \r\n \r\n- \r\n \r\n- \r\n \r\n11,531,717 \r\n \r\n1,950,000 \r\n \r\n- \r\n \r\n- \r\n \r\n1,950,000 \r\n \r\n13,481,717 \r\n \r\n- \r\n \r\n- \r\n \r\n13,481,717 \r\n \r\n2,396,733 \r\n395,553 - \r\n1,139,666 \r\n25,300,000 - \r\n55,989,982 \r\n85,221,934 \r\n \r\n2,660,568 \r\n113,874,603 \r\n- \r\n- \r\n15,219,006 \r\n- \r\n131,754,177 \r\n \r\n- \r\n5,183,951 626,285 \r\n- \r\n2,364,322 - \r\n8,174,558 \r\n \r\n5,057,301 \r\n395,553 113,874,603 \r\n5,183,951 626,285 \r\n1,139,666 \r\n25,300,000 15,219,006 \r\n2,364,322 55,989,982 \r\n225,150,669 \r\n \r\n$ 182,355,879 $ 155,688,203 $ 26,626,722 $ 364,670,804 \r\n \r\nSee accompanying notes to the basic financial statements. 18 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Reconciliation of Total Governmental Fund Balances to \r\nNet Position of Governmental Activities June 30, 2013 \r\n \r\nTOTAL GOVERNMENTAL FUND BALANCES \r\nAmounts reported for governmental activities in the Statement of Net Position are different because: \r\nCapital assets used in governmental activities are not financial resources and therefore are not reported in the funds. Nondepreciable Depreciable, net of accumulated depreciation \r\nOther long-term assets are not available to pay for current-period expenditures and therefore are deferred in the funds. \r\nAccumulated pension contributions in excess of annual required contributions are reported as assets for governmental activities \r\nLong-term liabilities are not due and payable in the current period and therefore are not reported in the funds. Accrued interest Bonds premium, net of amortization Capital leases payable Certificates of participation Intergovernmental agreement - City of Atlanta Compensated absences Workers compensation claims payable Contingent liabilities \r\nNET POSITION OF GOVERNMENTAL ACTIVITIES \r\n \r\n$ 225,150,669 \r\n \r\n$ 292,152,244 1,015,056,264 \r\n \r\n1,307,208,508 13,481,717 10,770,550 \r\n \r\n(2,004,651) (1,801,623) (6,018,646) (105,630,000) (16,311,250) (5,184,350) (5,436,573) \r\n(515,000) \r\n \r\n(142,902,093) \r\n \r\n$ 1,413,709,351 \r\n \r\nSee accompanying notes to the basic financial statements. 19 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Statement of Revenues, Expenditures, and Changes in Fund Balances \r\nGovernmental Funds For the Fiscal Year Ended June 30, 2013 \r\n \r\nREVENUES Local taxes Sales tax income State revenues Federal revenues Investment income Facility rental fees Tuition charges Charges for services Other \r\nTOTAL REVENUES \r\nEXPENDITURES Current: \r\nInstruction Support services: \r\nPupil services Improvement of instructional services Educational media Federal grant administration General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Other support services Nutrition Capital outlays Debt service: Principal Interest and fiscal charges \r\nTOTAL EXPENDITURES \r\nEXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES \r\nOTHER FINANCING SOURCES (USES) Transfers in Transfers out Proceeds from sale of capital assets \r\nTOTAL OTHER FINANCING SOURCES (USES) \r\nNET CHANGE IN FUND BALANCES \r\nFUND BALANCES - BEGINNING OF FISCAL YEAR \r\nFUND BALANCES - END OF FISCAL YEAR \r\n \r\nGeneral Fund \r\n$ 413,467,525 - \r\n143,710,200 1,315,257 104,730 1,158,726 2,591 3,373,883 22,242,841 \r\n585,375,753 \r\n357,322,211 \r\n22,019,608 9,408,941 8,824,668 \r\n9,308,666 40,638,070 12,066,195 72,915,256 20,444,407 17,392,802 \r\n690,246 502,711 \r\n- \r\n3,618,823 1,235,668 \r\n576,388,272 \r\n8,987,481 \r\n(5,925,802) \r\n142,566 \r\n(5,783,236) \r\n3,204,245 \r\n82,017,689 \r\n$ 85,221,934 \r\n \r\nCapital Projects \r\nFund \r\n \r\n$ \r\n \r\n- \r\n \r\n85,979,568 \r\n \r\n135,650 \r\n \r\n- \r\n \r\n45,266 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n86,160,484 \r\n \r\n- \r\n1,085,826 229,868 4,820,089 484,556 4,116,069 74,695,389 \r\n5,920,000 1,790,062 \r\n93,141,859 \r\n(6,981,375) \r\n5,000,000 - \r\n5,000,000 \r\n(1,981,375) \r\n133,735,552 \r\n$ 131,754,177 \r\n \r\nNonmajor Governmental \r\nFunds \r\n \r\n$ \r\n \r\n- \r\n \r\n- \r\n \r\n2,487,490 \r\n \r\n66,510,139 \r\n \r\n48,100 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n9,351,958 \r\n \r\n78,397,687 \r\n \r\n27,653,041 \r\n3,003,658 33,508,713 \r\n3,661 1,973,342 3,930,311 \r\n9,997 212,973 \r\n3,468 1,638,201 1,795,479 2,321,301 \r\n407,762 43,083,742 \r\n3,659,230 \r\n123,204,879 \r\n(44,807,192) \r\n925,802 - \r\n925,802 \r\n(43,881,390) \r\n52,055,948 \r\n$ 8,174,558 \r\n \r\nTotal Governmental \r\nFunds \r\n$ 413,467,525 85,979,568 146,333,340 67,825,396 198,096 1,158,726 2,591 3,373,883 31,594,799 \r\n749,933,924 \r\n384,975,252 \r\n25,023,266 42,917,654 \r\n8,828,329 1,973,342 14,324,803 40,648,067 12,509,036 77,738,813 22,567,164 23,304,350 3,011,547 \r\n910,473 117,779,131 \r\n9,538,823 6,684,960 \r\n792,735,010 \r\n(42,801,086) \r\n5,925,802 (5,925,802) \r\n142,566 \r\n142,566 \r\n(42,658,520) \r\n267,809,189 \r\n$ 225,150,669 \r\n \r\nSee accompanying notes to the basic financial statements. 20 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Reconciliation of Governmental Funds Statement of Revenues, Expenditures, and Changes in \r\nFund Balances to the Government-wide Statement of Activities For the Fiscal Year Ended June 30, 2013 \r\n \r\nNET CHANGES IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS \r\n \r\n$ (42,658,520) \r\n \r\nAmounts reported for governmental activities in the Statement of Activities are different because: \r\nGovernmental funds report capital outlays as expenditures. However, in the Statement of Activities, the cost of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount by which capital outlay exceeded depreciation expense in the current period. Depreciation expense Capital outlay \r\nIn the statement of activities, the loss on the disposal of capital assets is included with instruction expenses. However, in the governmental funds, the proceeds from the sale increase financial resources. Thus, the change in net position differs from the change in fund balance by the net book value of the capital assets sold or disposed. Proceeds from the sale of capital assets Net book value of capital assets disposed Impairment loss on capital assets (see Note G) \r\nRevenues in the statement of activities that do not provide current financial resources are reported as deferred revenues in the funds. Property taxes Special purpose local option sales taxes State revenues Other revenues \r\nThe issuance of long-term debt provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. This amount is the net effect of the differences in the treatment of long-term debt and related items. Principal retirement - capital leases Principal retirement - certificates of participation Principal retirement - intergovernmental agreement Amortization of bond premium \r\nThe current fiscal year's decrease to the net pension asset increases net expenses on the government-wide statement of activities \r\nSome expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. Compensated absences Workers compensation claims payable Contingent legal liabilities Change in accrued interest \r\n \r\n$ (44,248,449) 114,830,723 \r\n(142,566) (4,042,397) (7,928,325) \r\n4,807,312 (602,649) (816,778) (139,790) \r\n1,886,948 6,565,000 1,086,875 \r\n767,419 \r\n18,967 291,449 1,236,176 \r\n65,725 \r\n \r\n70,582,274 \r\n(12,113,288) 3,248,095 \r\n10,306,242 (668,870) 1,612,317 \r\n \r\nCHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES \r\n \r\n$ 30,308,250 \r\n \r\nSee accompanying notes to the basic financial statements. \r\n \r\n21 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Statement of Net Position \r\nProprietary Fund - Food Services June 30, 2013 \r\n \r\nASSETS Current Assets: Cash and cash equivalents Due from other governments Other receivables Due from other funds Inventory Total current assets \r\nNoncurrent Assets: Machinery and equipment Less accumulated depreciation \r\nTotal noncurrent assets \r\nTOTAL ASSETS LIABILITIES AND NET POSITION \r\nCurrent Liabilities: Accounts payable Due to other funds Deposits and unearned revenue \r\nTOTAL LIABILITIES NET POSITION \r\nInvestment in capital assets Unrestricted \r\nTOTAL NET POSITION \r\nTOTAL LIABILITIES AND NET POSITION \r\n \r\n$ 6,472,072 237,282 1,230 1,583 232,128 \r\n6,944,295 \r\n149,000 (7,450) \r\n141,550 7,085,845 \r\n1,043 1,337,970 \r\n123,732 1,462,745 \r\n141,550 5,481,550 5,623,100 \r\n$ 7,085,845 \r\n \r\nSee accompanying notes to the basic financial statements. 22 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Statement of Revenues, Expenses, and Changes in Net Position \r\nProprietary Fund - Food Services For the Fiscal Year Ended June 30, 2013 \r\n \r\nOPERATING REVENUES Charges for services \r\nOPERATING EXPENSES Personnel costs Purchased and contractual services Supplies and materials Other operating costs Depreciation \r\nTOTAL OPERATING EXPENSES \r\nOPERATING LOSS \r\nNON-OPERATING INCOME Intergovernmental \r\nTOTAL NON-OPERATING INCOME \r\nCHANGE IN NET POSITION \r\nNET POSITION, BEGINNING OF FISCAL YEAR \r\nNET POSITION, END OF FISCAL YEAR \r\n \r\n$ 1,279,087 \r\n3,064,443 17,229,033 \r\n2,387,110 992,451 7,450 \r\n23,680,487 (22,401,400) \r\n23,131,319 23,131,319 \r\n729,919 \r\n4,893,181 $ 5,623,100 \r\n \r\nSee accompanying notes to the basic financial statements. 23 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Statement of Cash Flows \r\nProprietary Fund - Food Services For the Fiscal Year Ended June 30, 2013 \r\n \r\nCASH FLOWS FROM OPERATING ACTIVITIES Cash received from customers Cash payments to employees for services Cash payments for goods and services \r\nNET CASH USED IN OPERATING ACTIVITIES \r\nCASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES Intergovernmental receipts \r\nNET CASH PROVIDED BY NON-CAPITAL FINANCING ACTIVITIES \r\nCASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets \r\nNET CASH USED IN CAPITAL AND RELATED FINANCING ACTIVITIES \r\nNET DECREASE IN CASH AND CASH EQUIVALENTS \r\nCASH AND CASH EQUIVALENTS - BEGINNING OF FISCAL YEAR \r\nCASH AND CASH EQUIVALENTS - END OF FISCAL YEAR \r\nRECONCILIATION OF OPERATING LOSS TO NET CASH USED IN OPERATING ACTIVITIES Operating loss Adjustments to reconcile operating loss to net cash used in operating activities: Depreciation Changes in assets and liabilities Decrease in accounts receivable Increase in due from other funds Increase in inventories Increase in deposits and unearned revenue Decrease in due to other funds Decrease in accounts payable \r\nNet cash used used in operating activities \r\nNONCASH NON-CAPITAL FINANCING ACTIVITIES USDA donated food commodities \r\n \r\n$ \r\n \r\n1,303,154 \r\n \r\n(5,976,103) \r\n \r\n(20,921,272) \r\n \r\n(25,594,221) \r\n \r\n23,199,859 23,199,859 \r\n \r\n(149,000) \r\n \r\n(149,000) \r\n \r\n(2,543,362) \r\n \r\n9,015,434 \r\n \r\n$ \r\n \r\n6,472,072 \r\n \r\n$ (22,401,400) \r\n \r\n7,450 \r\n1,086 (1,583) (89,551) 22,981 (2,911,660) (221,544) \r\n$ (25,594,221) \r\n \r\n$ \r\n \r\n1,457,458 \r\n \r\nSee accompanying notes to the basic financial statements. 24 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Statement of Fiduciary Assets and Liabilities June 30, 2013 \r\nASSETS Cash and cash equivalents \r\nLIABILITIES Due to local schools and student groups \r\n \r\nAgency Fund Local School Club and Class \r\nFunds \r\n$ 414,935 \r\n$ 414,935 \r\n \r\nSee accompanying notes to the basic financial statements. \r\n25 \r\n \r\n NOTES TO THE BASIC FINANCIAL STATEMENTS \r\n \r\n  Atlanta Independent School System \r\nNotes to the Basic Financial Statements \r\nJune 30, 2013 \r\nA. Summary of Significant Accounting Policies \r\nThe financial statements of the School System have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) as applicable to governmental units. The more significant of the School System's accounting policies are summarized below. \r\n1. Reporting Entity \r\nThe Atlanta Independent School System (School System or the District) was established by the Georgia State Legislature and is composed of nine publicly elected members serving four-year terms. The School System has the authority to approve its own budget and to provide for the levy of taxes to cover the cost of operations and maintenance and to cover debt service payments. Additionally, the School System has decision-making authority, the power to approve selection of management personnel, the ability to significantly influence operations, and primary accountability for fiscal matters. Accordingly, the School System is a primary government and consists of all the organizations that compose its legal entity. \r\nAs required by Generally Accepted Accounting Principles, these financial statements present the School System and its component units, entities for which the School System is considered to be financially accountable. Blended component units, although legally separate entities have a governing body which is substantively the same as the System's governing body and management of the System has operational responsibility for the component unit and; therefore, data from these units are combined with data of the School System. Substantively the same means sufficient representation of the primary government's entire governing body on the component unit's governing body to allow complete control of the component unit's activities. \r\nBlended Component Unit Education Reform Success, Inc., (ERS) (a non-profit corporation) was established by the School System for the purpose of providing financing for some of the School System's buildings and equipment. The School System has a voting majority on the Board. ERS has issued certificates of participation (COPS) for the acquisition and construction of facilities and equipment. The COPS are repayable solely from payments made by the School System to ERS under a lease agreement for the related facilities and equipment. Accordingly, the COPS and the related capital assets are reported in the government-wide financial statements. Separate financial statements for ERS are not prepared. \r\n2. Government-Wide and Fund Financial Statements \r\nThe government-wide financial statements (i.e., the Statement of Net Position and the Statement of Activities) report information on all of the non-fiduciary activities of the School System and its component units (if any). As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. However, any interfund services provided and used are not eliminated as this process would distort the direct costs and program \r\n26 \r\n \r\n revenues reported in the various functions. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from Business-type activities, which rely to a significant extent on fees and charges for support. \r\nThe Statement of Activities demonstrates the degree to which the direct expenses of a given function or segments are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) fees and charges to applicants who use, or directly benefit from goods, services or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not included among program revenues are reported instead as general revenues. \r\nSeparate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds are reported as separate columns in the governmental fund financial statements. \r\n3. Measurement Focus, Basis of Accounting, and Financial Statement Presentation \r\nThe government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund and fiduciary fund financial statements. The agency fund does not have a measurement focus. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the fiscal year for which they are levied. Grants, private donations, and similar items are recognized as revenue in the fiscal year in which all eligibility requirements imposed by the provider have been met. \r\nGovernmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the School System considers revenues to be available if they are collected within 30 days of the end of the fiscal period. \r\nThe State of Georgia reimburses the School System for teachers' salaries and operating costs through the Quality Basic Education (QBE) Formula Earnings program. State of Georgia law defines the formula driven grant that determines the cost of an academic school year and the State of Georgia's share in this cost. Generally teachers are contracted for the school year (July 1  June 30) and paid over a twelve month contract period, generally September 1 through August 31. In accordance with the requirements of the enabling legislation of the QBE program, the State of Georgia reimburses the School System over the same twelve month period in which teachers are paid, funding the academic school year expenditures. At June 30, the amount of teachers' salaries incurred but not paid until July and August of the subsequent fiscal year are accrued as the State of Georgia has only postponed the final payment of their share of the cost until the subsequent appropriations for cash management purposes. By June 30 of each fiscal year, the State of Georgia has a signed appropriation that includes this final amount, which represents the State of Georgia's intent to fund this final payment. Based on guidance in Government Accounting Standards Board (GASB) Statement No. 33, paragraph 74, the State of \r\n27 \r\n \r\n Georgia recognizes its QBE liability for the July and August salaries at June 30, and the School System recognizes the same QBE as a receivable and revenue, consistent with symmetrical recognition. \r\nProperty taxes, sales taxes, intergovernmental revenues, and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when cash is received by the School System. \r\nExpenditures are generally recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due. \r\nFund Financial Statements \r\nThe School System uses funds to segregate transactions related to certain School System functions or activities in order to maintain its financial records during the fiscal year. Fund financial statements are provided for governmental, proprietary, and fiduciary funds. \r\nGovernmental Funds  Governmental funds are those through which most governmental functions are typically financed. Governmental funds employ the financial position measurement focus and are accounted for on the modified accrual basis of accounting at the fund level. Major individual governmental funds are reported in separate columns. All remaining governmental funds are aggregated and reported as nonmajor funds. \r\nThe School System reports the following major governmental funds: \r\nGeneral Fund - The General Fund is the School System's primary operating fund. It accounts for all financial transactions of the School System, except those required to be accounted for in another fund. \r\nCapital Projects Fund - This fund accounts for resources which are used exclusively for acquiring school sites, constructing and equipping new school facilities, and renovating existing facilities. The major revenue sources are from debt proceeds, bond sales, the State of Georgia, and special purpose local option sales tax (SPLOST). SPLOST receipts are tax proceeds required to be used for capital outlay for educational purposes as authorized by local referendum. \r\nProprietary Funds- Proprietary funds employ the economic resources measurement focus and are accounted for on the accrual basis. Proprietary funds are used to account for activities that are financed and operated like private business enterprises. Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's ongoing operations. Operating expenses and depreciation for the enterprise fund include the cost of sales and services, administrative expenses and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. \r\n28 \r\n \r\n In accounting and reporting for its proprietary operations, the School System applies all Governmental Accounting Standards Board (GASB) pronouncements. For the fiscal year ended June 30, 2013, the School System implemented GASB Statement No. 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements. This statement incorporated into the GASB's authoritative literature certain accounting and financial reporting guidance issued on or before November 30, 1989. \r\nThe School System reports the following major proprietary fund: \r\nFood Services Fund - The primary purpose of the Food Services Fund is to account for activities of the School System's school breakfast and lunch programs, which are funded primarily by the United States Department of Agriculture, passed through the Georgia Department of Education. \r\nFiduciary Funds  Fiduciary funds account for assets held by the School System in a trustee capacity or as an agent on behalf of others. \r\nThe School System reports the following fiduciary fund: \r\nAgency Fund - This fund is used to account for local school student club and class accounts. It is custodial in nature, and does not involve measurement of the results of operations. \r\nThe fiduciary fund is excluded from the government-wide financial statements. \r\n4. Assets, Liabilities, and Net Position or Equity \r\na. Cash Equivalents \r\nThe School System considers all highly liquid investments with a maturity of three months or less when purchased from authorized financial institutions to be cash equivalents. Georgia Law, OCGA 45-8-14, authorizes the School System to deposit its funds in one or more solvent banks or insured Federal savings and loan associations. \r\nb. Investments Investments made by the School System in nonparticipating interest-earning contracts (such as certificates of deposit), and repurchase agreements are reported at cost. Participating interest-earning contracts and money market investments with a maturity at purchase of one year or less are reported at amortized cost. Both participating interest-earning contracts and money market investments with a maturity at purchase greater than one year and equity investments are reported at fair value. The Official Code of Georgia Annotated Section 3683-4 authorizes the School System to invest its funds. In selecting among options for investment or among institutional bids for deposits, the highest rate of return shall be the objective, given equivalent conditions of safety and liquidity. Funds may be invested in the following: \r\n1) Obligations issued by the State of Georgia or by other states; \r\n29 \r\n \r\n 2) Obligations issued by the United States government; \r\n3) Obligations fully insured or guaranteed by the United States government or a United States government agency; \r\n4) Obligations of any corporation of the United States government; \r\n5) Prime banker's acceptances; \r\n6) The Local Government Investment Pool (i.e., Georgia Fund 1) administered by the State of Georgia, Office of State Treasurer; \r\n7) Repurchase agreements; \r\n8) Obligations of other political subdivisions of the State of Georgia. \r\nc. Receivables Receivables consist of amounts due from property and sales taxes, grant reimbursements due on Federal, State, private donations or other grants for expenditures made but not reimbursed and other receivables disclosed from information available. Receivables are recorded when either the asset or revenue recognition criteria has been met. \r\nd. Inventories and Prepaid Items Inventories are valued at cost using the first-in, first-out method of accounting. Donated food commodities are recorded at fair value. The costs of Food Services Fund inventories are recorded as expenditures when consumed (consumption method). Prepaid items are payments made to vendors for services that will benefit periods beyond June 30, 2013 and are recorded as an asset using the consumption method for the prepaid amount and reflecting the expenditure in the fiscal year in which the services are consumed. Prepaid items are recorded in the government-wide and the governmental fund financial statements. \r\ne. Capital Assets Capital assets purchased, including capital outlay costs, are recorded as expenditures in the fund financial statements at the time of purchase (including ancillary charges). On the Government-wide financial statements, all purchased capital assets are valued at cost where historical records are available and at estimated historical cost based on appraisals or deflated current replacement cost where no historical records exist. Donated capital assets are recorded at their estimated fair market value at the date of donation. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not included in the cost of capital assets. The School System does not capitalize book collections or works of art. \r\n30 \r\n \r\n Capitalization thresholds and estimated useful lives of capital assets reported in the government-wide statements and proprietary funds are as follows: \r\n \r\nCapitalization Policy \r\n \r\nEstimated Useful Life \r\n \r\nLand Land Improvements Buildings Building Improvements Furniture \u0026 Fixtures Vehicles Equipment Capital Leases Intangible Assets \r\n \r\nAll \r\n \r\n$ \r\n \r\n50,000 \r\n \r\n50,000 \r\n \r\n50,000 \r\n \r\n50,000 \r\n \r\n50,000 \r\n \r\n50,000 \r\n \r\n50,000 \r\n \r\n50,000 \r\n \r\nN/A 10 to 20 years 20 to 50 years 10 to 30 years 3 to 15 years \r\n5 to 8 years 3 to 15 years 3 to 8 years 5 to 10 years \r\n \r\nCapital assets donated to proprietary fund type operations are recorded at their estimated fair value at the date of donation. Depreciation is computed using the straight-line method over the estimated useful life of the assets. \r\n \r\nf. Compensated Absences \r\nThe Atlanta Board of Education authorizes annual leave for personnel employed on a twelvemonth basis as follows: Less than then years of service 3.750 hours per pay period; ten to twenty years of service 4.875 hours per pay period; and twenty or more years of service 5.625 hours per pay period. Employees on 220 day assignment prior to May 13, 1986 who continue in said assignment are authorized annual leave as follows: less than ten years of service 1.0227 hours per pay period; ten to twenty years of service 2.0454 hours per pay period; and twenty or more years of service 3.0681 hours per pay period. An employee may accrue annual leave days up to a maximum of 225 hours (30 working days). Vacation benefits are accrued as a liability as the benefits are earned if the employees' rights to receive salary related compensation are attributable to services already rendered and it is probable that the School System will compensate the employees for the benefits through paid time off or some other means. Amounts of vested or accumulated vacation leave that are not expected to be liquidated with expendable available financial resources are reported as long-term obligations in the government-wide financial statements and are not liabilities of the governmental funds. \r\n \r\ng. Long-term Obligations \r\nIn the governmental-wide financial statements and proprietary fund types in the fund financial statements, long-term debt, and other long-term obligations are reported as liabilities in the applicable governmental activities or business-type activities statement of net position. Long-term debt and other long-term liabilities that will be paid from governmental funds are not recognized as a liability in the fund financial statements until due but are reported in the government-wide statements as long-term debt. \r\n \r\n31 \r\n \r\n h. Fund Equity \r\nIn the fund financial statements, governmental funds report limitations on the purpose for which all or a portion of the resources of the fund balance can be used. The limitations can vary depending upon their source. Financial statements for governmental funds report up to five components of fund balance: \r\nNonspendable  Fund balance amounts that cannot be spent either because they are in a nonspendable form or because they are legally or contractually required to be maintained intact. \r\nRestricted  Fund balance amounts that can be spent only for specific purposes because of state or federal laws, or externally imposed conditions by grantors or creditors. \r\nCommitted  Fund balance amounts that can be used only for specific purposes determined by formal action by the Board of Education. The Board of Education is the School District's highest level of decision-making authority, and the formal action that is required to be taken to establish, modify, or rescind a fund balance commitment is a resolution approved by the Board. \r\nAssigned  Fund balances are reported as assigned when amounts are constrained by the School System's intent to be used for specific purposes, but are neither restricted nor committed. The Board has expressly delegated the Superintendent or designee (Chief Financial Officer) the authority to assign fund balances for a particular purpose. \r\nUnassigned  Residual fund balance that has not been restricted, committed or assigned to specific purposes or other funds. The School System reports positive unassigned fund balance only in the General Fund. Negative unassigned fund balances may be reported in all funds. \r\nWhen multiple categories of fund balance are available for expenditure, the School System will use restricted amounts first, and then unrestricted amounts as they are needed. For unrestricted amounts of fund balance, the School System will use fund balance in the following order: committed, assigned, and then unassigned. \r\ni. Net Position \r\nThe School System implemented GASB Statements No. 63, Financial Reporting of Deferred Inflows of Resources, Deferred Outflows of Resources, and Net Position and No. 65, Items Previously Reported as Assets and Liabilities, as of July 1, 2012. These new standards establish accounting and financial reporting for deferred inflows / outflows of resources, and the concept of net position as the residual of all other elements presented in a statement of net position. \r\nNet position represents the difference between assets and liabilities in reporting which utilizes the economic resources measurement focus. Net investment in capital assets consists of capital assets, net of accumulated depreciation, reduced by the outstanding balances of any borrowings used for the acquisition, construction or improvement of those assets. Net position is reported as restricted when there are limitations imposed on their use either through external restrictions imposed by creditors, grantors or laws or regulations of other governments. All other net position is reported as unrestricted. \r\n32 \r\n \r\n The School System applies restricted resources when an expense is incurred for purposes for which both restricted and unrestricted net positions are available. \r\nj. Deferred Inflows of Resources \r\nIn addition to liabilities, the governmental funds balance sheet will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of fund balance that applies to future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The School System has only one type of deferred inflow of resources, which arises only under a modified accrual basis of accounting that qualifies for reporting in this category. Accordingly, the deferred inflow of resources, unavailable revenue, is reported only in the governmental funds balance sheet. The governmental funds report unavailable revenue from property taxes and other sources as these amounts are deferred and will be recognized as an inflow of resources in the period in which the amounts become available. \r\nk. Use of Estimates \r\nThe preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts of assets, deferred outflows of resources, liabilities, deferred inflows of resources, revenue, and expenses including the disclosure of contingent assets and liabilities. Actual amounts could differ from those estimates. \r\nWorkers Compensation: \r\nThe School System recognizes in the government-wide statements the liabilities for estimated losses to be incurred from pending worker compensation claims and for worker compensation claims incurred but not reported (IBNR). IBNR claims are estimates of claims that are incurred through the end of the fiscal year but have not yet been reported. These liabilities are based on actuarial valuations. \r\nB. Budgets and Budgetary Accounting \r\nAtlanta Independent School System employs zero-based budgeting for budget preparation. The zerobased budgeting process provides for the identification and prioritization of school system activities and resources starting from zero, and accumulating to the targeted funding level. Each activity is linked to the goal, objectives, and mission of the System and ranked as to its importance. As the proposed budget moves through each level of the organization, program activities and goals are aggregated further and ranked again. The final budget produced, and presented is one, which includes all program activities ranked in order of importance in reaching the System's mission. Our basis of budget presentation is in accordance with GAAP. \r\nThe School System follows these procedures in establishing the budgetary data reflected in the financial statements: \r\n1. Budget requests are normally completed in January. \r\n33 \r\n \r\n 2. Proposed budgets are consolidated and reviewed by the Budget Department, then submitted to the Senior Cabinet of Atlanta Public Schools and Budget Commission for additional review prior to the approval by the Atlanta Board of Education. \r\n3. Public hearings on the proposed budget are normally held in May and June. \r\n4. The annual budget is legally adopted by the Board in June for the General Fund and Special Revenue Funds. \r\n5. The administrative level of budgetary control upon adoption is at the program level. The Atlanta Board of Education must approve transfers between division and programs that are greater than 5% or $1,000,000 (whichever is less). Transfer of budgeted amounts between object categories within programs requires the approval of the budget center manager. \r\n6. Revenues and expenditures of the Capital Projects Fund are budgeted on an annual basis. \r\n7. Education Reform Success (ERS) Fund does not have a legally adopted budget. \r\n8. The Atlanta Board of Education approves the budget for the Special Revenue Funds as a whole, which is the legal level of budgetary control (the level at which expenditures may not legally exceed appropriations). The combined Special Revenue Funds budget to actual schedule does not include the Proprietary Fund, which is included when provided to the board for approval. \r\nC. Excess Expenditures over Appropriations of Individual Funds \r\n \r\nGENERAL FUND Instruction \r\nSalary Non-Salary \r\nMaintenance and Operation Non- Salary \r\n \r\n$8,864,128 $3,579,404 \r\n$789,372 \r\n \r\nSchool Nutrition Salary \r\n \r\n$200,142 \r\n \r\nSPECIAL REVENUE FUNDSCOMBINED \r\nGeneral Administration Salary \r\n \r\n$696,447 \r\n \r\nCentral Support Non- Salary \r\nCAPITAL PROJECTS FUND Business Administration \r\nSalary \r\n \r\n$1,195,461 $82,947 \r\n \r\nPupil Services Non- Salary $3,176,514 \r\n \r\nStudent Transportation \r\n \r\nSalary Non- Salary Other Support \r\n \r\n$1,832,042 $480,911 \r\n \r\nNon-Salary \r\n \r\n$357,879 \r\n \r\nBusiness Administration \r\n \r\nSalary \r\n \r\n$19,926 \r\n \r\nSchool Administration \r\n \r\nSalary \r\n \r\n$1,001,215 \r\n \r\nCentral Support Salary \r\n \r\n$1,532 \r\n \r\nStudent Transportation \r\n \r\nSalary \r\n \r\n$127,403 \r\n \r\n34 \r\n \r\n D. Deposits and Investments Risks \r\nDeposits (Governmental Funds) \r\nThe School System's cash and investment policy limits deposits to demand and money market accounts and time deposits at local banks. The School System's deposit shall be secured by Federal Depositary Insurance Corporation (FDIC) coverage and / or bank pledges. State statutes require banks holding public funds to secure the funds by FDIC insurance, securities pledged at par value, and surety bonds at face value in combined aggregate totaling not less than 110 percent of the public funds held. State statutes define acceptable security for collateralization. \r\nGeorgia Fund 1, created by OCGA 36-83-8, is a stable net asset value investment pool which follows Standard and Poor's criteria for AAAf rated money market funds. However, Georgia Fund 1 operates in a manner consistent with Rule 2a-7 of the Investment Company Act of 1940 and is considered to be a 2a-7 like pool. The pool is not registered with the SEC as an investment company. The pool's primary objectives are safety of capital, investment income, liquidity, and diversification while maintaining principal ($1.00 per share value). Net asset value is calculated weekly to ensure stability. The pool distributes earnings (net of management fees) on a monthly basis and determines participant's shares sold and redeemed based on a $1.00 per share value. The fair value of the School System's position in the pool is the same as the value of pool shares ($1 per share value). The regulatory oversight agency for Georgia Fund 1 is the Office of the State Treasurer of the State of Georgia. \r\nFunds included in this Pool are not required to be collateralized. The fair value of the School System's position in the pool approximates the value of the School System's pool shares. Credit risk, value, and interest risk at June 30, 2013 are as follows: \r\n \r\nCredit Risk AAAf rated AAAf rated \r\n \r\nValue $ 30,256,101* \r\n134,296** \r\n \r\nInterest Risk 43 day WAM 43 day WAM \r\n \r\nThe School System classifies its investment in Georgia Fund 1 as cash and cash equivalents. *Represents funds reported in the School System's General Fund **Represents funds held in the School System's blended component unit, ERS fund, which are held by the U.S. Bank as custodian for the issuances of the Certificates of Participation debt. \r\nCategorization of Deposits \r\nAs of June 30, 2013, all of the School System's deposits were covered either by FDIC or collateralized by the financial institution or a combination of both. \r\n \r\nCategorization of Investments \r\nThe School System's investments as of June 30, 2013 are presented in this table. All investments are presented by investment type and debt securities are presented by maturity. \r\n \r\n35 \r\n \r\n Investment Type \r\nDebt Securities U.S. Agencies Implicitly Guaranteed: FNMA, FHLM, FHLB Discount Notes U.S. Government Notes \u0026 Bonds \r\nRepurchase Agreements \r\n \r\nFair Value \r\n \r\nInvestment Maturity Less than One Year \r\n \r\n$ 65,958,053 4,503,358 \r\n11,000,000 81,461,411 \r\n \r\n$ 65,958,053 4,503,358 \r\n11,000,000 81,461,411 \r\n \r\nOther Investments Money Market - Cash Equivalents Georgia Fund 1 - Cash Equivalents Municipal Securities Certificates of Deposits \r\nTotal Investments \r\nInvestments Reconciliation \r\nGeneral Fund Investments Capital Projects Investments Georgia Fund 1 - Cash Equivalents \r\n \r\n28,051,626 30,390,397 10,280,389 \r\n5,000,000 $ 155,183,823 \r\n \r\n28,051,626 30,390,397 10,280,389 5,000,000 $ 155,183,823 \r\n \r\nTotal Investments \r\n$ 41,187,906 83,605,520 30,390,397 \r\n \r\nReclass to Cash and Cash Equivalents \r\n$ (25,655,550) (26,666,652) (30,390,397) \r\n \r\nPer balance sheet As of June 30, 2013 \r\n \r\n$ \r\n \r\n15,532,356 \r\n \r\n56,938,868 \r\n \r\n- \r\n \r\n$ 155,183,823 \r\n \r\n$ (82,712,599) \r\n \r\n$ \r\n \r\n72,471,224 \r\n \r\nInterest Rate Risk Interest rate risk is the risk that a fixed income investment's value will decrease due to a change in the absolute level of interest rates. The School System's investment management policy limits investment maturities to 3 years as a means of managing its exposure to fair value losses arising from increasing interest rates. \r\n \r\nCustodial Credit Risk Custodial credit risks for investments, is the risk that in the event of the failure of the counterparty, the School System will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. Because of the collateralization requirements, the School System has no custodial credit risk for its investments. \r\n \r\n36 \r\n \r\n Credit Quality Risk Credit quality risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The School System's policy for managing credit quality risk related to community bank certificates of deposits and repurchase agreements states such investments will only be purchased through banks having at least an AA rating. \r\n \r\nThe investment policy states Repurchase Agreements may only be purchased from a financial institution that has short-term ratings of AA or higher by Standard \u0026 Poor's (S\u0026P) or Aa2 by Moody's. The U.S. Agencies investments are not required to be rated. \r\n \r\nThe investments subject to credit quality risk are reflected here: \r\n \r\nRated Debt Instruments \r\nDebt Securities U.S. Agencies Implicitly Guaranteed: \r\nFNMA, FHLM, FHLB Discount Notes U.S. Government Notes \u0026 Bonds \r\nRepurchase Agreements \r\nOther Investments Money Market - Cash Equivalents Georgia Fund 1 - Cash Equivalents Municipal Securities Certificates of Deposits Total by Quality Rating \r\n \r\nFair Value \r\n \r\nQuality Ratings \r\n \r\nAAA \r\n \r\nAA \r\n \r\nA/A1 \r\n \r\n$ 65,958,053 $ 4,503,358 11,000,000 \r\n \r\n- $ 65,958,053 $ \r\n \r\n- \r\n \r\n- \r\n \r\n4,503,358 \r\n \r\n- \r\n \r\n- \r\n \r\n- 11,000,000 \r\n \r\n28,051,626 30,390,397 10,280,389 5,000,000 \r\n$ 155,183,823 \r\n \r\n28,051,626 30,390,397 \r\n3,299,435 - \r\n$ 61,741,458 \r\n \r\n6,469,779 - \r\n$ 76,931,190 \r\n \r\n511,175 - \r\n$ 11,511,175 \r\n \r\nNR \r\n \r\n$ \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n5,000,000 \r\n$ 5,000,000 \r\n \r\nConcentration of Credit Risk Concentration of credit risk is the risk of loss that may be attributed to the magnitude of a government's investment in a single issuer. The School System has a policy concerning the composition of its investment portfolio and is in compliance with its investment policy. \r\n \r\nThe investment policy establishes that eligible investments individually are not to exceed the following composition in the portfolios of the General Fund, Capital Projects Fund, and the Education Reform Success Fund: \r\n \r\nU.S. Treasury Bills Federal Agencies (No more than 40% per issuer) Repurchase Agreements State of Georgia - Georgia Fund 1 Bank Special Purpose Money Market Funds Municipal Securities (No more than 5%) Certificates of Deposit \r\n \r\n100% 65% 30% 25% 25% 25% 10% \r\n \r\n37 \r\n \r\n Investments in any one issuer that represents 5% or more of the total investments were as follows as of June 30, 2013: \r\n \r\n% of Total \r\n \r\nIssuer \r\n \r\nInvestment Type \r\n \r\nInvestments \r\n \r\nMunicipal Bonds Unites States Government Federal Farm Credit Bank Financial Institutions Money Market- Georgia Fund 1 Bank of America Government Reserves Capital Federal National Mortgage Association Federal Home Loan Bank Federal Home Loan Mortgage Corporation Tri Party Repo Agreement \r\n \r\nMunicipal Securities Treasury Bills Federal Agency Securities Certificates of Deposits Money Market Funds Money Market Funds Federal Agency Securities Federal Agency Securities Federal Agency Securities Repurchase Agreement \r\n \r\n6.62% 2.90% 3.22% 3.22% 19.58% 18.08% 15.27% 12.57% 11.45% 7.09% \r\n \r\nForeign Currency Risk Foreign currency risk is the risk that changes in exchange rates will adversely affect the fair value of an investment or deposit. Foreign Investments are prohibited by law in Georgia. \r\n \r\nE. Due from Other Governments \r\n \r\nDue from other governments consists of grant reimbursements due primarily from the Georgia Department of Education for expenditures incurred, but not yet reimbursed and amounts due from City of Atlanta for bonds issued and unspent tax collections, collected and held by the City of Atlanta on behalf of the School System. \r\n \r\nF. Property Taxes and Other Receivables \r\n \r\nProperty taxes are normally levied and billed by July 1, based on property values assessed as of January 1, on all real and personal property located within the City of Atlanta. Property taxes are due by October 15 at which time they become delinquent and penalties and interest may be assessed, and liens may be attached to property. An allowance has been established for estimated amounts that will not be collected. The School System considers revenues to be available if they are collected within 30 days of the end of the current fiscal year. \r\n \r\nGeneral Fund \r\n \r\nProperty Taxes Receivable \r\n \r\n$ \r\n \r\n29,661,952 \r\n \r\n$ \r\n \r\nGeneral Fund Capital Projects Fund \r\n \r\nOther Receivables \r\n \r\n$ \r\n \r\n1,207,376 \r\n \r\n$ \r\n \r\nSPLOST Tax Receivables \r\n \r\n$ \r\n \r\n7,146,348 \r\n \r\n$ \r\n \r\nAllowance for Uncollectible (13,044,589) \r\nAllowance for Uncollectible \r\n(476,800) \r\nAllowance for Uncollectible \r\n- \r\n \r\nNet Property Receivable \r\n \r\n$ \r\n \r\n16,617,363 \r\n \r\nNet Other Receivables \r\n \r\n$ \r\n \r\n730,575 \r\n \r\nNet SPLOST Receivable \r\n \r\n$ \r\n \r\n7,146,348 \r\n \r\nFood Service Fund \r\n \r\nOther Receivables \r\n \r\n$ \r\n \r\n1,230 \r\n \r\n$ \r\n \r\nAllowance for Uncollectible \r\n- \r\n \r\nNet Property Receivable \r\n \r\n$ \r\n \r\n1,230 \r\n \r\n38 \r\n \r\n G. Capital Assets \r\n \r\nThe following is a summary of changes in capital assets during the fiscal year ended June 30, 2013: \r\n \r\nGovernmental Activities: Land Construction in Progress \r\nTotal Non-Depreciable Assets \r\n \r\nBeginning Balance \r\n$ 107,065,303 76,402,637 183,467,940 \r\n \r\nIncreases \r\n \r\nDecreases \u0026 Transfers to In Service \r\n \r\n$ \r\n \r\n- \r\n \r\n111,729,577 \r\n \r\n111,729,577 \r\n \r\n$ \r\n \r\n- \r\n \r\n(3,045,273) \r\n \r\n(3,045,273) \r\n \r\nEnding Balance \r\n$ 107,065,303 185,086,941 292,152,244 \r\n \r\nBuildings Building Improvements Land Improvements Equipment Furniture \u0026 Fixtures Vehicles Total Depreciable Assets Total at Historical Cost \r\n \r\n1,105,944,714 257,501,252 23,243,382 13,389,542 56,030 28,104,831 \r\n1,428,239,751 1,611,707,691 \r\n \r\n215,788 3,466,129 \r\n129,305 1,984,211 \r\n350,986 6,146,419 117,875,996 \r\n \r\n(12,870,497) (6,445,122) (540,020) (430,338) (136,191) \r\n(20,422,168) (23,467,441) \r\n \r\n1,093,290,005 254,522,259 22,832,667 14,943,415 56,030 28,319,626 \r\n1,413,964,002 1,706,116,246 \r\n \r\nLess Accumulated Depreciation Buildings Building Improvements Land Improvements Equipment Furniture \u0026 Fixtures Vehicles \r\nTotal Accumulated Depreciation \r\n \r\n277,443,166 52,182,650 9,117,724 8,320,889 17,276 15,886,464 362,968,169 \r\n \r\n21,772,082 15,531,265 1,331,325 1,850,350 \r\n5,603 3,757,824 44,248,449 \r\n \r\n(5,745,002) (1,746,544) \r\n(436,782) (276,183) \r\n(104,369) (8,308,880) \r\n \r\n293,470,246 65,967,371 10,012,267 9,895,056 22,879 19,539,919 \r\n398,907,738 \r\n \r\nGovernmental Activities Capital Assets, Net \r\n \r\n$ 1,248,739,522 \r\n \r\n$ 73,627,547 \r\n \r\n$ (15,158,561) \r\n \r\n$1,307,208,508 \r\n \r\nBusiness-Type Activities: Equipment \r\n \r\n$ \r\n \r\n- \r\n \r\n149,000 \r\n \r\n$ \r\n \r\n- \r\n \r\n$ \r\n \r\n149,000 \r\n \r\nLess Accumulated Depreciation Equipment \r\n \r\n- \r\n \r\n7,450 \r\n \r\n- \r\n \r\n7,450 \r\n \r\nBusiness-Type Activities Capital Assets, \r\n \r\nNet \r\n \r\n$ \r\n \r\n- \r\n \r\n$ 141,550 \r\n \r\n$ \r\n \r\n- \r\n \r\n$ \r\n \r\n141,550 \r\n \r\nSylvan Middle School and Rivers Elementary School have been permanently impaired as a result of a \r\n \r\n39 \r\n \r\n significant and unexpected decline in service utility. An impairment loss has been calculated as required by GASB Statement No. 42, Accounting \u0026 Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries. The amount of the impairment loss as shown as a special item on the Government-Wide Statement of Activities ($7,928,325) is the total net book value of the buildings. \r\nDepreciation expense was charged to governmental functions as follows: \r\n \r\nInstruction Support Services \r\nEducational Media Services Maintenance \u0026 Operations Pupil Services Student Transportation Support Services - Business \r\n \r\n$ 37,897,520 \r\n41,457 96,329 82,072 3,482,279 2,648,792 \r\n \r\nTotal \r\n \r\n$ 44,248,449 \r\n \r\nDepreciation expense was charged to business-type activities as follows: \r\n \r\nSchool Nutrition Program \r\n \r\n$ 7,450 \r\n \r\nH. Long-term Debt \r\nCapital Leases \r\nThe School System has entered into various lease agreements for the purchase of equipment. These lease agreements qualify as capital leases for accounting purposes and therefore, have been recorded at the present value of the future minimum lease payments as of the date of inception. \r\nThe capital assets acquired through capital leases are as follows: \r\n \r\nAsset \r\nBuses Less: Accumulated depreciation Net Capital Assets \r\n \r\nGovernmental Activities \r\n \r\n$ \r\n \r\n9,899,536 \r\n \r\n(5,821,857) \r\n \r\n$ \r\n \r\n4,077,679 \r\n \r\n40 \r\n \r\n The following is a schedule of the future minimum lease payments under capital leases and the total present value: \r\n \r\nFiscal Year Ending \r\n \r\nGovernmental Activities \r\n \r\n2014 \r\n \r\n$ \r\n \r\n1,412,990 \r\n \r\n2015 \r\n \r\n1,412,990 \r\n \r\n2016 \r\n \r\n1,413,062 \r\n \r\n2017 \r\n \r\n1,092,703 \r\n \r\n2018 \r\n \r\n1,102,634 \r\n \r\nTotal minimum payments \r\n \r\n6,434,379 \r\n \r\nLess: Amount representing interest \r\n \r\n(415,379) \r\n \r\nPresent value of minimum payments \r\n \r\n$ \r\n \r\n6,018,646 \r\n \r\nIntergovernmental Agreement \r\n \r\nOver the years, the City of Atlanta has issued various annual general obligation bonds and general obligation refunding bonds on behalf of the School System. The debt service for the bonds has been funded through the School System's bonded debt portion of the annual tax levy. The maturity date for the bond is December 21, 2027. The bonded debt portion of property taxes collected by the City on behalf of the School System is retained by the City and used to pay the annual debt service on the outstanding bonds. The debt service payments are calculated using assumptions and estimates based on information available. As of June 30, 2013, $395,553 is available and held by the City. \r\n \r\nGeneral Obligation Bonds currently outstanding at the City of Atlanta on behalf of the School System are as follows: \r\n \r\nPurpose Governmental Activities \r\n \r\nInterest Rate 3-5% \r\n \r\nAmount $16,311,250 \r\n \r\nIn prior fiscal years, the City of Atlanta and the School System defeased certain bonds by placing funds in an irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included in the School System's basic financial statements. At June 30, 2013, $48,890,000 of bonds is outstanding, and is considered defeased. \r\n \r\nEducation Reform Success, Inc. (COPS) \r\n \r\nIn October 2006, ERS issued certificates of participation (COPS) on behalf of the School System in the amount of $10,115,000. The proceeds from the certificates were used to finance the renovations and improvements to the Instructional Service Center. \r\n \r\nIn June 2011, ERS issued COPS on behalf of the School System in the amount of $104,415,000, (Series 2011A, $72,460,000), and (Series 2011B, $31,955,000). The proceeds from the certificates will be used to finance the construction and or renovation of North Atlanta High School. Payments are due on March 1 and September 1 of each year until maturity (maturity dates for series 2011A is March 1, 2027 and March 1, 2017 for Series 2011B). Interest rates vary (5.457% - 5.657% for \r\n \r\n41 \r\n \r\n Series 2011A, and 2% - 5% for Series 2011B). I. Long-Term Obligations Changes in long-term obligations during the fiscal year ended June 30, 2013, were as follows: \r\n \r\nGovernmental activities: Long-term debt \r\nCapital leases Intergovernmental agreement- \r\nCity of Atlanta ERS, Inc (COPS, Series 2006/2007) ERS, Inc (COPS, Series 2011A) ERS, Inc (COPS, Series 2011B) Unamortized premium 2011B \r\nTotal long-term debt Other long-term liabilities \r\nCompensated absences Contingent legal liabilities Workers' compensation \r\nTotal other long-term liabilities \r\n \r\nBeginning Balance \r\n \r\nAdditions \r\n \r\nDeductions \r\n \r\nEnding Balance \r\n \r\nAmounts Due within One Year \r\n \r\n$ \r\n \r\n7,905,594 $ \r\n \r\n17,398,125 7,780,000 \r\n72,460,000 31,955,000 \r\n2,569,042 140,067,761 \r\n \r\n- $ (1,886,948) $ \r\n \r\n6,018,646 $ 1,265,265 \r\n \r\n- \r\n \r\n(1,086,875) \r\n \r\n16,311,250 \r\n \r\n- \r\n \r\n(645,000) \r\n \r\n7,135,000 \r\n \r\n- \r\n \r\n- \r\n \r\n72,460,000 \r\n \r\n- \r\n \r\n(5,920,000) \r\n \r\n26,035,000 \r\n \r\n- \r\n \r\n(767,419) \r\n \r\n1,801,623 \r\n \r\n- \r\n \r\n(10,306,242) \r\n \r\n129,761,519 \r\n \r\n1,143,625 670,000 - \r\n6,040,000 - \r\n9,118,890 \r\n \r\n5,203,317 1,751,176 5,728,022 12,682,515 \r\n \r\n4,048,895 300,000 \r\n1,864,975 6,213,870 \r\n \r\n(4,067,862) (1,536,176) (2,156,424) (7,760,462) \r\n \r\n5,184,350 515,000 \r\n5,436,573 11,135,923 \r\n \r\n3,095,048 315,000 \r\n2,068,429 5,478,477 \r\n \r\nTotal long-term obligations \r\n \r\n$ 152,750,276 $ 6,213870 $ (18,066,704) $ 140,897,442 $ 14,597,367 \r\n \r\nThe General Fund has been typically used to liquidate the liability for compensated absences, contingent \r\n \r\nliabilities, and workers' compensation. \r\n \r\nFiscal Year \r\n \r\nIntergovernmental Agreements \r\n \r\nEnding \r\n \r\nCapital Leases \r\n \r\nCity of Atlanta \r\n \r\nPrincipal \r\n \r\nInterest \r\n \r\nPrincipal \r\n \r\nInterest \r\n \r\n2014 \r\n \r\n$ \r\n \r\n1,265,265 $ \r\n \r\n147,725 $ \r\n \r\n1,143,625 $ \r\n \r\n787,004 \r\n \r\n2015 2016 2017 2018 2019-2023 2024-2027 \r\nTotal Principal and Interest \r\n \r\n1,297,777 \r\n \r\n1,331,332 \r\n \r\n1,045,535 \r\n \r\n1,078,737 \r\n \r\n- \r\n \r\n- \r\n \r\n$ \r\n \r\n$6,018,646 $ \r\n \r\n115,213 81,730 47,168 23,897 \r\n- \r\n$415,733 $ \r\n \r\n1,264,500 1,325,750 1,333,000 1,242,625 6,942,875 3,058,875 \r\n$16,311,250 $ \r\n \r\n736,419 680,609 621,974 463,107 1,430,510 199,499 \r\n$4,919,122 \r\n \r\n42 \r\n \r\n At June 30, 2013, payments due by fiscal year, which includes principal and interest for these items, are as follows: \r\n \r\nFiscal Year Ending \r\n \r\n2014 \r\n \r\n$ \r\n \r\n2015 \r\n \r\n2016 \r\n \r\n2017 \r\n \r\n2018 \r\n \r\n2019-2023 \r\n \r\n2024-2027 Total Principal and Interest $ \r\n \r\nEducation Reform Success, Inc. Certificates of Participation 2006/2007 \r\n \r\nPrincipal \r\n \r\nInterest \r\n \r\n670,000 $ 700,000 \r\n \r\n294,640 $ 266,972 \r\n \r\n730,000 \r\n \r\n238,066 \r\n \r\n755,000 \r\n \r\n207,920 \r\n \r\n790,000 \r\n \r\n176,743 \r\n \r\n3,490,000 \r\n \r\n367,524 \r\n \r\n7,135,000 $ \r\n \r\n1,551,865 $ \r\n \r\nEducation Reform Success, Inc. Certificates of Participation 2011A \r\n \r\nPrincipal \r\n \r\nInterest \r\n \r\n- $ - \r\n \r\n4,029,142 $ 4,029,142 \r\n \r\n- \r\n \r\n4,029,142 \r\n \r\n- \r\n \r\n4,029,142 \r\n \r\n- \r\n \r\n4,029,142 \r\n \r\n- \r\n \r\n20,145,710 \r\n \r\n72,460,000 72,460,000 $ \r\n \r\n12,276,035 52,567,455 $ \r\n \r\nEducation Reform Success, Inc. Certificates of Participation 2011B \r\n \r\nPrincipal \r\n \r\nInterest \r\n \r\n6,040,000 $ 6,340,000 \r\n \r\n1,301,750 999,750 \r\n \r\n6,660,000 \r\n \r\n682,750 \r\n \r\n6,995,000 \r\n \r\n349,750 \r\n \r\n- \r\n- \r\n26,035,000 $ \r\n \r\n- \r\n- \r\n3,334,000 \r\n \r\nJ. Inter-fund Receivables \r\n \r\nInter-fund Receivables and payables balances as of June 30, 2013 are as follows: \r\n \r\nReceivable Fund General Fund School Nutrition Fund \r\nCapital Projects Fund \r\nNonmajor Governmental Funds \r\nGeneral Fund General Fund \r\n \r\nPayable Fund \r\n \r\nSchool Nutrition Fund \r\n \r\n$ \r\n \r\nGeneral Fund \r\n \r\nGeneral Fund \r\n \r\nGeneral Fund \r\n \r\nCapital Projects Fund Nonmajor Governmental Funds \r\n \r\n$ \r\n \r\nAmount 1,337,970 1,583 \r\n14,448,415 \r\n8,481,946 \r\n698,099 18,405,882 \r\n43,373,895 \r\n \r\nDuring the course of its operations, the School System makes transfers between funds to finance operations, provide services, and acquire assets. To the extent that certain transfers among funds had not been received as of fiscal year-end, balances of inter-fund amounts receivable or payable have been recorded. It is management's intent to repay inter-fund balances within the next fiscal year. \r\n \r\n43 \r\n \r\n K. Interfund- Transfers Transfers within the governmental funds for the fiscal year ended June 30, 2013 are as follows: \r\n \r\nGovernmental funds: General Fund Capital Projects Fund Nonmajor Governmental Funds \r\n \r\nTransfers In \r\n \r\nTransfers Out \r\n \r\n$ \r\n \r\n- \r\n \r\n$ (5,925,802) \r\n \r\n5,000,000 \r\n \r\n925,802 \r\n \r\n- \r\n \r\n$ 5,925,802 $ (5,925,802) \r\n \r\nL. Risk Management \r\n \r\nThe School System is exposed to various risks of losses related to torts, theft of, damage to, and destruction of assets, errors and omissions, injuries to employees, and natural disasters. The School System is self-insured for workers' compensation claims and unemployment compensation. The School System purchases commercial insurance in amounts deemed prudent by management for all other risks of loss. Settled claims have not yet exceeded purchased commercial insurance coverage in any of the past three fiscal years. \r\n \r\nUnemployment Compensation \r\n \r\nThe School System is self-insured for unemployment compensation. The State bills the School \r\n \r\nSystem quarterly for the outstanding claims and the School System pays the claims at that time. \r\n \r\nChanges in the unemployment compensation claims liability during the last two fiscal years are as \r\n \r\nfollows: \r\n \r\nBeginning \r\n \r\nClaims and \r\n \r\nEnd \r\n \r\nof Fiscal Year \r\n \r\nChanges in \r\n \r\nClaims \r\n \r\nof Fiscal Year \r\n \r\nLiability \r\n \r\nEstimates \r\n \r\nPaid \r\n \r\nLiability \r\n \r\nFiscal year 2012 \r\n \r\n$ \r\n \r\n- \r\n \r\n$ 623,853 \r\n \r\n$ (623,853) $ \r\n \r\n- \r\n \r\nFiscal year 2013 \r\n \r\n$ \r\n \r\n- \r\n \r\n$ 1,338,999 \r\n \r\n$ (1,338,999) $ \r\n \r\n- \r\n \r\n44 \r\n \r\n Workers' Compensation \r\n \r\nThe School System is fully self-insured for workers' compensation claims of its employees. The School System accounts for claims within the General Fund with expenditures and liabilities being reported when it is probable that a loss has occurred and the amount of that loss can be reasonably estimated. An accrued liability for the estimated costs of claims and related settlement costs incurred but not paid and/or reported as of fiscal year-end is reported on the governmental activities financial statements. The calculation of the present value of future workers' compensation liabilities is based on a discount rate of 3.5%. There have not been any significant changes in insurance coverage from the prior fiscal year. \r\n \r\nBalance at Beginning of Fiscal Year \r\n \r\nClaims and Changed in Estimates \r\n \r\nClaims paid \r\n \r\nBalance at End of Fiscal Year \r\n \r\nFiscal year 2012 Fiscal year 2013 \r\n \r\n$ 7,258,000 $1,080,663 $ 5,728,022 $1,864,975 \r\n \r\n$ (2,610,641) $ 5,728,022 $ (2,156,424) $ 5,436,573 \r\n \r\nM. Nonmonetary Transactions \r\nThe School System received from the United States Department of Agriculture through the Georgia Department of Education approximately $1,457,458 in donated food commodities for its lunchroom programs. The federally assigned value of these commodities is reflected as revenue and expensed as used in the Food Services Fund financial statements. \r\nN. On-behalf Payments for Fringe Benefits \r\nThe School System has recognized revenues and expenditures in the amount of $200,726 for health insurance and pension costs paid by the Georgia Department of Education to the Georgia Department of Community Health for non-certified personnel on the School System's behalf. Additionally, $31,854,792 was paid by the Georgia Department of Education to the Department of Community Health for group health insurance on the School System's behalf. \r\nO. Retirement Plans \r\nTeachers Retirement System of Georgia (TRS) \r\nPlan Description \r\nSubstantially all teachers, administrative, and clerical personnel employed by local school systems of the State of Georgia are covered by the Teachers Retirement System of Georgia (TRS), which is a cost sharing multiple employer public employee retirement system sponsored by the State of Georgia. Most School Systems' employees participate in TRS. \r\nTRS provides service retirement, disability retirement, and survivor's benefits for its members. A member is eligible for service retirement after 30 years of creditable service, regardless of age, or after 10 years of service, and attainment of age 60. A member is eligible for early retirement after 25 \r\n45 \r\n \r\n years of creditable service. Early retirement benefits are reduced by the lesser of 1/12 of 7% of each month the member is below age 60, or by 7% of each year or fraction thereof by which the member has less than 30 years of service. \r\n \r\nNormal retirement benefits paid to members are equal to 2% of the average of the member's two consecutive highest paid years of service multiplied by the number of years of creditable service up to 40 years. The normal retirement pension is payable monthly for life. Options are available for distribution of the member's monthly pension at a reduced rate to a designated beneficiary on the member's death. \r\n \r\nRetirement benefits also include death and disability benefits whereby the disabled member or surviving spouse is entitled to receive annually an amount equal to the member's service retirement benefit or disability retirement, whichever is greater. The benefit is based on member's creditable service (minimum of 10 years) and compensation up to the date of death. \r\n \r\nThe TRS Board of Trustees has the authority to establish and amend benefit provisions of the pension plan under Title 47, chapter 3. TRS issues a publicly available financial report that includes financial statements and required supplementary information for the Plan. That report may be obtained by calling 404-352-6500 or by accessing their website at www.trsga.com. Funding Policy \r\n \r\nEmployees of the School System who are covered by TRS are required to pay 6.00% of their gross earnings to TRS. The School System makes monthly employer contributions to TRS at rates adopted by the TRS Board of Trustees as advised by their independent actuary. The employer contribution rate is 11.41% at June 30, 2013. \r\n \r\nTotal actual and required contributions were as follows (the School System contributed 100% of the annual required contribution): \r\n \r\nSchool System $ Employees \r\n$ \r\n \r\n2013 35,714,946 $ 18,819,379 54,534,325 $ \r\n \r\n2012 \r\n \r\n2011 \r\n \r\n33,138,997 $ 32,515,502 \r\n \r\n17,584,629 \r\n \r\n18,178,891 \r\n \r\n50,723,626 $ 50,694,393 \r\n \r\nCity of Atlanta General Employee's Pension Plan \r\nPlan Description \r\nAll permanent employees of the School System who are not covered under the TRS are eligible to participate in the City of Atlanta General Employees' Pension Plan (the \"Plan\"). In addition, certain School System employees employed prior to July 1, 1979, also participates in the Plan. \r\nThe Plan provides retirement and disability benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries. The Plan is an agent multiple-employer pension plan administered by a Board of Trustees, which includes the Mayor of the City of Atlanta or designee, the City's Chief Financial Officer, one member of City Council, one member of the School System, one member elected by eligible employees of the City, one member elected by eligible employees of \r\n46 \r\n \r\n the School System, one member elected by retired employees of the School System, and one member elected by retired employees of the City. The Board of Trustees has the authority to establish and amend the benefit provisions of the Plan. \r\nOn December 12, 2005, the School System adopted the following changes to the Plan: 1. 10 year vesting; 2. 2.5% benefit multiplier (capped at 80%); and 3. Unreduced retirement at 30 years of service regardless of age. \r\nThe Plan issues a publicly available financial report that includes financial statements and required supplementary information for the Plan. The report may be obtained by writing or by calling the Plan at: \r\nGEM Group 225 Peachtree Street Northeast Suite 1460 Atlanta, Georgia 30303 404-525-4191 \r\nThe Plan provides retirement benefits that, initially, are 2% of the employee's highest average monthly base compensation over any 36-month period. A participant may retire at age 65 or, after 15 years of service, at age 60. Cost-of-living increases are awarded annually, up to a 3% maximum increase. Partial vesting percentages based on years of creditable service and provisions for early retirement are included in the Plan. Benefits also may be payable at termination, death, or disability. \r\n \r\nThe School System's membership in the Plan as of July 1, 2012 is as follows: \r\n \r\nActive employees Inactive members Retirees and beneficiaries \r\nTotal membership \r\n \r\n763 26 2,253 \r\n3,042 \r\n \r\nMethod Used to Value Investments \r\nInvestments are stated at fair value. Fair value of Plan assets at July 1, 2012 was $110,283,000. \r\nFunding Policy and Annual Pension Cost \r\nThe School System's funding policy is to contribute a percentage of covered employee payroll as developed in the actuarial valuation for the Plan. Obligations to contribute to the Plan are established by the Board, subject to minimum financing standards established by the State of Georgia. \r\n \r\nActive participants are required to contribute 7% of pay (8% if participant has a covered beneficiary or is married). The School System's contribution percentage is the actuarial determined amount necessary to fund Plan benefits after consideration of employee contributions. \r\n \r\n47 \r\n \r\n The actuarial determined contribution amount is the sum of the annual normal cost (determined under the entry age normal actuarial cost method), and the amortization of the unfunded actuarial accrued liability as a level percentage of future payrolls. The remaining amortization period is closed 16 years remaining as of July 1, 2012. \r\nThe Plan's annual pension cost for the current fiscal year, based on actuarial valuations performed as of July 1, 2012 and related information for the Plan is as follows: \r\nContribution rates as a percent of covered payroll: \r\n \r\nEmployee Employer \r\nAnnual required contribution Employer contributions made \r\nActuarial valuation date \r\nActuarial cost method \r\nAmortization method \r\nActuarial assumptions: Investment rate of return \r\nProjected salary increases: Inflation Merit or seniority and productivity \r\nPost-retirement benefit increases \r\n \r\n7.00% or 8.00% 8.00% \r\n$43,679,004 $43,000,000 \r\n7/1/2012 Entry age normal \r\nLevel % of payroll \r\n8.00% per year \r\n3.00% per year 4.50% per year \r\nN/A \r\n \r\nThe asset valuation method used is the actuarial value from the prior year plus net new money plus 20% of the asset appreciation/depreciation for the current year and each of the prior four years. \r\nThree-Year Trend Information is as follows: \r\n \r\nFiscal Year \r\n \r\n2011 \r\n \r\n$ \r\n \r\n2012 2013 \r\n \r\nAnnual Pension Cost \r\n(APC) \r\n37,058,594 \r\n38,714,436 43,668,870 \r\n \r\n% of APC Contributed \r\n105.24 100.74 \r\n98.47 \r\n \r\nNet Pension (Asset) \r\nObligation \r\n$ (11,153,586) \r\n(11,439,420) \r\n(10,770,550) \r\n \r\n48 \r\n \r\n Net Pension Asset - The School System's actuarially required contribution, pension cost, and increase in the beginning net pension asset for the fiscal year ended June 30, 2013, were computed as follows: \r\n \r\nActuarially required contribution Interest on net pension asset ARC adjustment Annual pension cost Actual contributions made Decrease in net pension asset Net pension asset, June 30, 2012 \r\nNet pension asset, June 30, 2013 \r\n \r\n$43,679,004 (915,151) 905,017 \r\n43,668,870 (43,000,000) \r\n(668,870) 11,439,420 \r\n$10,770,550 \r\n \r\nPlan Funded Status  The School System's funding status, based upon the most recent actuarial valuation, is as follows: \r\n \r\nActuarial \r\n \r\nUAAL \r\n \r\nAccrued \r\n \r\nuse as a \r\n \r\nActuarial \r\n \r\nLiability \r\n \r\nUnfunded \r\n \r\nPercentage of \r\n \r\nActuarial \r\n \r\nValue of \r\n \r\n(AAL) \r\n \r\nAAL \r\n \r\nFunded \r\n \r\nCovered \r\n \r\nCovered \r\n \r\nValuation \r\n \r\nAssets \r\n \r\nEntry Age \r\n \r\n(UAAL) \r\n \r\nRatio \r\n \r\nPayroll \r\n \r\nPayroll \r\n \r\nDate \r\n \r\n(a) \r\n \r\n(b) \r\n \r\n(b-a) \r\n \r\n(a/b) \r\n \r\n(c) \r\n \r\n((b-a)/c) * \r\n \r\n7/1/2012 \r\n \r\n$101,272,560 \r\n \r\n$633,671,785 $532,399,225 15.98% \r\n \r\n$22,914,238 \r\n \r\n2,323.44% \r\n \r\n*Not less than zero \r\nThe schedule of funding progress, presented as RSI following the notes to the financial statements, \r\n \r\npresents multi-year trend information about whether the actuarial value of plan assets is increasing or \r\n \r\ndecreasing over time relative to the actuarial accrued liability for benefits. \r\n \r\nActuarial valuations involve estimates of the value of reported amounts and assumptions about the probability of events far into the future, and actuarially determined amounts are subject to continual revision as results are compared to past expectations and new estimates are made about the future. \r\n \r\nActuarial calculations reflect a long-term perspective. Calculations are based on the substantive plan in effect as of July 1, 2012. \r\n \r\nP. Post-Employment Benefits \r\nGeorgia Retiree Health Benefit Fund \r\nPlan Description. The Georgia School Personnel Post-employment Health Benefit Fund (School OPEB Fund) is a cost-sharing multiple-employer defined benefit postemployment healthcare plan that covers eligible former employees of public school systems, libraries, and regional educational service agencies. The School OPEB Fund provides health insurance benefits to eligible former employees and their qualified beneficiaries through the State Employees Health Insurance Plan administered by the Georgia Department of Community Health. The Official Code of Georgia Annotated (OCGA) assigns the authority to establish and amend the benefit provisions of the group \r\n \r\n49 \r\n \r\n health plans, including benefits for retirees, to the Board of Community Health (Board). The Georgia Department of Community Health issues a publicly available financial report that includes financial statements and required supplementary information for the School OPEB Fund. That report may be obtained from the Georgia Department of Community Health at 2 Peachtree Street, Atlanta, Georgia 30303. \r\nFunding Policy- The contribution requirements of Plan members and participating employers are established by the Board in accordance with the current Appropriations Act and may be amended by the Board. Contributions of Plan members or beneficiaries receiving benefits vary based on Plan election, dependent coverage, and Medicare eligibility and election. On average, Plan members pay approximately twenty-five percent (25%) of the cost of health insurance coverage. \r\nParticipating employers are statutorily required to contribute in accordance with the employer contribution rate established by the Board. This contribution rate is established to fund all benefits due under the health insurance plans for both the active and retired employees based on projected pay-as-you-go financing requirements. Contributions are not based on the actuarially calculated annual required contribution (ARC) which represents a level of funding that, if paid on an on-going basis, is projected to cover normal cost each year and amortize any unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years. \r\nThe employer contribution rates for the combined active and retiree plans for the fiscal year ended June 30, 2013, were as follows: \r\n \r\nCertificated Employees July 2012- March 2013 April 2013- June 2013 \r\n \r\n$912.34 per month $937.34 per month \r\n \r\nNon-Certificated Employees July 2012- June 2013 \r\n \r\n$446.20 per month \r\n \r\nThe School System's contribution to the health insurance plans for the fiscal year June 30, 2013, June 30, 2012, and June 30, 2011 were $43,426,063, $41,358,812 and $43,496,218, respectively. These contributions equaled the required contribution/annual OPEB cost. \r\nQ. Commitments and Contingencies \r\nConstruction Commitments \r\nThe School System has active construction projects as of June 30, 2013. The projects relate to construction, renovation of school buildings, and other projects. At fiscal year-end, the School System's commitments with contractors were $44,680,768. \r\nLitigation and Other Contingencies \r\nThe School System is a defendant in various lawsuits, which arose, in the ordinary course of its activities. The School System believes its liability in these matters is $ 515,000. \r\n \r\n50 \r\n \r\n Amounts received or receivable from the Federal government are subject to audit and review by grantor agencies. This could result in requests for reimbursement to the grantor agency for any costs which are disallowed under grant terms. The School System believes that such disallowances, if any, will be immaterial to its overall financial position. \r\nR. Pollution Remediation Obligations \r\nGASB Statement No. 49, Accounting and Financial Reporting for Pollution Remediation Obligations, establishes accounting and financial reporting criteria for liabilities that address current or potential detrimental effects of existing pollution by participating in pollution remediation activities. When one of five obligating events identified by the GASB occurs, the components of the expected pollution remediation outlays must be estimated, and a determination made whether the outlays should be accrued as a liability or capitalized when goods and services are acquired, as appropriate. Pollution remediation liabilities must be measured based on the pollution remediation outlays expected to be incurred to settle these liabilities. It must be based on \"reasonable and supportable\" assumptions of future events that may affect the eventual settlement of the liability, and should be measured and reported at current value. The current value of the liability should be based on applicable federal, state or local laws or regulations that have been approved, regardless of their effective date, and the technology expected to be used for the cleanup. \r\nOutlays for pollution remediation obligations should be recognized as liabilities if goods and services used for pollution remediation activities are liquidated with expendable available financial resources (modified accrual accounting). However, pollution remediation outlays should be capitalized in the government-wide or proprietary fund statements when goods and services are acquired for certain specific purposes; these amounts are recorded as expenditures at the fund level. In government-wide and proprietary fund financial statements, the liability should be recorded at the current value of the costs the government expects to incur to perform the work. This amount should be estimated using the expected cash flow technique, which measures the liability as the sum of probability-weighted amounts in a range of possible estimated amounts  the estimated mean or average. \r\nAs of June 30, 2013, the School System was the responsible party in the remediation of mold removal, asbestos abatement, expired chemical disposal, paint disposal, light bulb disposal, tire disposal, and air quality testing. A site assessment and preliminary evaluation of required remediation indicated that the amount of liability is immaterial as of June 30, 2013 and therefore, not recorded in the governmental activities statement of net position. The potential liability is deemed immaterial at this time to record to the School System's financial statements. APS paid $301,670 for current financial fiscal year remediation activities. \r\nS. Changes in Accounting Principle \r\nIn conjunction with the implementation of Governmental Accounting Standards Board (GASB) Statement No. 65, Items Previously Reported as Assets and Liabilities, the School System is required to change its accounting treatment of debt issuance costs. The new standard requires that debt issuance costs be recognized as an expense in the period incurred rather than deferred and recognized as an expense (amortized) in a systematic and rational manner over the duration of the related debt as was the required treatment in prior reporting periods. \r\n51 \r\n \r\n Therefore, in conjunction with the implementation of Statement No. 65, the following restatement was required to the beginning net position of the Governmental Activities to properly recognize debt issuance costs as an expense in the periods in which they were incurred: \r\n \r\nNet position, Governmental Activities, previously reported Recognition of issuance costs incurred in prior periods Beginning net position , Governmental Activities, restated \r\n \r\n$ 1,384,783,086 (1,381,985) \r\n$ 1,383,401,101 \r\n \r\nT. Subsequent Event \r\nOn July 1, 2013, the School System entered into a Purchase and Sale agreement with East Lake Foundation, Inc. for an existing school facility known as Charles R. Drew Charter School. The School System acquired the facility for a cash consideration of $10,000,000 which was allocated to the School System by the State of Georgia for the sole purpose of acquiring the facility. The $10,000,000 allocation was fully funded through the issuance of bonds by the State of Georgia. The bonds are not an obligation of the School System and do not constitute a pledge of the faith and credit of the School System. \r\nThe School System will lease the facility back to East Lake Foundation for a lease term of ninetynine years, at the cost of $1 per year. East Lake Foundation will have an option to acquire the facility from the School System, on or after July 1, 2033, at a purchase price equal to the estimated costs anticipated to be incurred by the School System to hold title to the facility. East Lake Foundation is responsible for all of the costs of operating and maintaining the facility. \r\nThe State of Georgia commissioned an appraisal of the facility and estimated a value of $19,000,000. In fiscal year 2014, the School System will capitalize the building at the State appraised value, recognizing a gain of $9,000,000 on the purchase of the facility. \r\n \r\n52 \r\n \r\n  REQUIRED SUPPLEMENTARY INFORMATION \r\n \r\n  ATLANTA INDEPENDENT SCHOOL SYSTEM Required Supplementary Information June 30, 2013 \r\n \r\nActuarial Valuation \r\nDate 7/1/2007 7/1/2008 7/1/2009 7/1/2010 7/1/2011 7/1/2012 \r\n \r\nSCHEDULE OF FUNDING PROGRESS \r\n \r\n(1) Actuarial \r\nValue of Assets $ 133,058,241 \r\n150,876,105 112,295,208 114,615,676 113,553,224 101,272,560 \r\n \r\n(2) Actuarial Accrued Liability (AAL) $ 643,301,615 \r\n655,110,071 644,788,188 669,032,859 646,444,083 633,671,785 \r\n \r\n(3) Funded Ratio (1)/(2) 20.68% 23.03% 17.42% 17.13% 17.57% 15.98% \r\n \r\n(4) Unfunded / (Surplus) AAL \r\n(2)-(1) $ 510,243,374 \r\n504,233,966 532,492,980 554,417,183 532,890,859 532,399,225 \r\n \r\n(5) \r\n \r\nAnnual \r\n \r\nCovered \r\n \r\nPayroll \r\n \r\n$ \r\n \r\n29,105,414 \r\n \r\n28,272,933 \r\n \r\n29,404,892 \r\n \r\n26,304,364 \r\n \r\n24,562,775 \r\n \r\n22,914,238 \r\n \r\n(6) UAAL as a Percentage of Covered \r\nPayroll (4)/(5) 1753.09% 1783.45% 1810.90% 2107.70% 2169.51% 2323.44% \r\n \r\nNote: See assumptions used for these schedules disclosed in the notes to the financial statements. This schedule of funding progress reflects the Atlanta Independent School System's participation in the City of Atlanta General Employees' Pension Fund and only shows the School System's actuarial value of assets, actuarial accrued liability and etc. \r\n \r\n53 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM General Fund \r\nSchedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2013 \r\n \r\nREVENUES Local taxes Investment income Tuition charges Facility rental fees State revenues Federal revenues Charges for services Other \r\nTOTAL REVENUES \r\nEXPENDITURES Current: \r\nInstruction Salary Non-salary \r\nSupport services Pupil services Salary Non-salary \r\nImprovement of instructional services Salary Non-salary \r\nEducational media Salary Non-salary \r\nGeneral administration Salary Non-salary \r\nSchool administration Salary Non-salary \r\nBusiness administration Salary Non-salary \r\nMaintenance and operation of facilities Salary Non-salary \r\nStudent transportation Salary Non-salary \r\nContinued \r\n \r\nORIGINAL BUDGET \r\n \r\nFINAL BUDGET \r\n \r\nACTUAL \r\n \r\nVARIANCE POSITIVE (NEGATIVE) \r\n \r\n$ 396,919,667 $ 396,293,168 $ 413,467,525 $ \r\n \r\n200,000 \r\n \r\n200,000 \r\n \r\n104,730 \r\n \r\n10,000 \r\n \r\n10,000 \r\n \r\n2,591 \r\n \r\n950,000 \r\n \r\n950,000 \r\n \r\n1,158,726 \r\n \r\n151,500,000 \r\n \r\n151,500,000 \r\n \r\n143,710,200 \r\n \r\n2,050,000 \r\n \r\n2,050,000 \r\n \r\n1,315,257 \r\n \r\n1,200,000 \r\n \r\n1,200,000 \r\n \r\n3,373,883 \r\n \r\n5,490,000 \r\n \r\n5,490,000 \r\n \r\n22,242,841 \r\n \r\n$ 558,319,667 $ 557,693,168 $ 585,375,753 $ \r\n \r\n17,174,357 (95,270) (7,409) 208,726 \r\n(7,789,800) (734,743) 2,173,883 \r\n16,752,841 \r\n27,682,585 \r\n \r\n$ 269,459,137 $ 255,190,196 14,268,941 \r\n \r\n344,878,679 $ 294,376,040 \r\n50,502,639 \r\n \r\n357,322,211 $ 303,240,168 \r\n54,082,043 \r\n \r\n(12,443,532) (8,864,128) (3,579,404) \r\n \r\n13,251,357 12,921,182 \r\n330,175 \r\n12,539,689 10,546,422 \r\n1,993,267 \r\n8,807,988 8,096,894 \r\n711,094 \r\n14,033,527 7,678,586 6,354,941 \r\n36,097,411 34,830,919 \r\n1,266,492 \r\n22,038,833 18,101,532 \r\n3,937,301 \r\n63,391,980 22,933,920 40,458,060 \r\n11,957,084 11,290,861 \r\n666,223 \r\n \r\n20,018,481 16,740,462 \r\n3,278,019 \r\n11,644,295 10,114,768 \r\n1,529,527 \r\n8,857,930 8,143,194 \r\n714,736 \r\n11,471,281 7,936,365 3,534,916 \r\n39,789,262 39,348,652 \r\n440,610 \r\n18,016,036 15,777,300 \r\n2,238,736 \r\n75,047,419 29,392,053 45,655,366 \r\n18,131,454 14,080,628 \r\n4,050,826 \r\n \r\n22,019,608 15,565,075 \r\n6,454,533 \r\n9,408,941 8,315,213 1,093,728 \r\n8,824,668 8,129,842 \r\n694,826 \r\n9,308,666 6,267,723 3,040,943 \r\n40,638,070 40,349,867 \r\n288,203 \r\n12,066,195 10,795,005 \r\n1,271,190 \r\n72,915,256 26,470,518 46,444,738 \r\n20,444,407 15,912,670 \r\n4,531,737 \r\n \r\n(2,001,127) 1,175,387 (3,176,514) \r\n2,235,354 1,799,555 \r\n435,799 \r\n33,262 13,352 19,910 \r\n2,162,615 1,668,642 \r\n493,973 \r\n(848,808) (1,001,215) \r\n152,407 \r\n5,949,841 4,982,295 \r\n967,546 \r\n2,132,163 2,921,535 (789,372) \r\n(2,312,953) (1,832,042) \r\n(480,911) \r\n \r\n54 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM General Fund \r\nSchedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2013 \r\n \r\nEXPENDITURES (CONTINUED) Current (Continued): \r\nSupport services (continued) Central support Salary Non-salary \r\nOther support services Salary Non-salary \r\nNutrition Salary Non-salary \r\nOther outlays Salary Non-salary \r\nDebt service Principal Interest and fiscal charges \r\nTOTAL EXPENDITURES \r\nEXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES \r\nOTHER FINANCING SOURCES (USES) Transfers out Proceeds from sale of capital assets \r\nTOTAL OTHER FINANCING SOURCES (USES) \r\n \r\nORIGINAL BUDGET \r\n \r\nFINAL BUDGET \r\n \r\nACTUAL \r\n \r\nVARIANCE POSITIVE (NEGATIVE) \r\n \r\n76,711,801 55,739,838 20,971,963 \r\n340,048 208,650 131,398 \r\n- \r\n43,000,000 - \r\n43,000,000 \r\n3,122,353 1,919,667 \r\n576,670,875 \r\n(18,351,208) \r\n- \r\n- \r\n \r\n17,921,419 10,549,261 \r\n7,372,158 \r\n345,548 211,150 134,398 \r\n302,569 302,569 \r\n- \r\n10,281,983 - \r\n10,281,983 \r\n3,618,823 1,353,197 \r\n581,678,376 \r\n(23,985,208) \r\n- \r\n- \r\n \r\n17,392,802 10,550,793 \r\n6,842,009 \r\n690,246 197,969 492,277 \r\n502,711 502,711 \r\n- \r\n- \r\n3,618,823 1,235,668 \r\n576,388,272 \r\n8,987,481 \r\n(5,925,802) 142,566 \r\n(5,783,236) \r\n \r\n528,617 (1,532) \r\n530,149 \r\n(344,698) 13,181 \r\n(357,879) \r\n(200,142) (200,142) \r\n- \r\n10,281,983 - \r\n10,281,983 \r\n117,529 \r\n5,290,104 \r\n32,972,689 \r\n(5,925,802) 142,566 \r\n(5,783,236) \r\n \r\nNET CHANGE IN FUND BALANCES \r\n \r\nFUND BALANCES - BEGINNING OF FISCAL YEAR \r\n \r\nFUND BALANCES - END OF FISCAL YEAR \r\n \r\n$ \r\n \r\n(18,351,208) 82,017,689 63,666,481 $ \r\n \r\n(23,985,208) 82,017,689 58,032,481 $ \r\n \r\n3,204,245 82,017,689 85,221,934 $ \r\n \r\n27,189,453 - \r\n27,189,453 \r\n \r\n55 \r\n \r\n  OTHER SUPPLEMENTARY INFORMATION \r\n \r\n Combining and Individual Fund Statements and Schedules: Combining Balance Sheet  Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances  Non-major Governmental Funds Schedules of Revenues, Expenditures, and Changes in Fund Balances  Budget and Actual  All Special Revenue Funds: Schedules of Revenues, Expenditures, and Changes in Fund Balances  Budget and Actual  Nonmajor Special Revenue Funds Combined: Title I Fund Title II Fund Title VI-B Fund Lottery Grants Fund Other Federal Programs Fund Other Special Projects Fund \r\nSchedules of Revenues, Expenditures, and Changes in Fund Balances  Budget and Actual  Capital Projects Fund \r\nStatement of Changes in Assets and Liabilities - Agency Fund \r\n \r\n NONMAJOR GOVERNMENTAL FUNDS \r\nSpecial Revenue Funds \r\nSpecial Revenue Funds are used to account for the proceeds of specific revenues that are legally restricted or committed for specific purposes. \r\nThe School System's Special Revenue Funds have been established primarily on the basis of program purpose and include the following funds and primary funding sources: \r\nTitle I Fund was established to account for federal grant funds passed through the Georgia Department of Education to provide remedial education in the areas of reading and mathematics and to provide a special education program for children who are physically handicapped. \r\nTitle II Fund was established to account for federal grant funds passed through the Georgia Department of Education, for the purpose of improving teacher quality and increasing the number of highly quality teachers, para-professionals, and principals. \r\nTitle VI-B Fund was established to account for federal grant funds passed through the Georgia Department of Education, for the purpose of providing special education programs for children in pre-kindergarten through the twelfth grade. \r\nLottery Grants Fund was established to account for State of Georgia lottery funds passing through the State of Georgia Department of Education for various programs as established by the State. \r\nOther Federal Programs Fund was established to account for other federal funds for which separate presentation is not considered necessary. \r\nOther Special Projects Fund was established to account for other state and local funds for which separate presentation in not considered necessary. \r\nCapital Projects Funds \r\nCapital Projects Funds are used to account for financial resources restricted, committed or assigned to expenditures for the acquisition or construction of capital assets. \r\nEducation Reform Success (ERS) Capital Projects Fund was established by the School System for the purpose of providing financing for some of the School System's buildings and equipment. ERS has issued certificates of participation (COPS) for the acquisition and construction of facilities and equipment. \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nCombining Balance Sheet Nonmajor Governmental Funds \r\nJune 30, 2013 \r\n \r\nASSETS Cash and cash equivalents Due from other governments Due from other funds \r\nTOTAL ASSETS \r\nLIABILITIES AND FUND BALANCES \r\nLIABILITIES Accounts payable Due to other governments Due to other funds \r\nTOTAL LIABILITIES \r\nFUND BALANCES Restricted: Other state and local programs School construction Assigned: Local school programs \r\nTOTAL FUND BALANCES \r\nTOTAL LIABILITIES AND FUND BALANCES \r\n \r\nTitle I Fund \r\n \r\n$ \r\n \r\n- \r\n \r\n8,798,127 \r\n \r\n699,523 \r\n \r\n$ 9,497,650 \r\n \r\nTitle II Fund \r\n \r\n$ \r\n \r\n- \r\n \r\n1,016,247 \r\n \r\n13,429 \r\n \r\n$ 1,029,676 \r\n \r\nSpecial Revenue Funds \r\n \r\nTitle VI-B Fund \r\n \r\nLottery Grants Fund \r\n \r\n$ \r\n \r\n-$ \r\n \r\n- \r\n \r\n3,435,913 \r\n \r\n- \r\n \r\n71,273 \r\n \r\n276,130 \r\n \r\n$ 3,507,186 $ 276,130 \r\n \r\nOther Federal Programs \r\nFund \r\n \r\n$ \r\n \r\n- \r\n \r\n3,159,813 \r\n \r\n305,183 \r\n \r\n$ 3,464,996 \r\n \r\nOther Special Projects Fund \r\n \r\n$ \r\n \r\n- \r\n \r\n1,600,380 \r\n \r\n6,285,011 \r\n \r\n$ 7,885,391 \r\n \r\nCapital Project Fund \r\nEducation Reform \r\nSuccess, Inc. Fund \r\n \r\n$ \r\n \r\n134,296 \r\n \r\n- \r\n \r\n831,397 \r\n \r\n$ \r\n \r\n965,693 \r\n \r\nTotal Nonmajor Governmental \r\nFunds \r\n \r\n$ \r\n \r\n134,296 \r\n \r\n18,010,480 \r\n \r\n8,481,946 \r\n \r\n$ 26,626,722 \r\n \r\n$ \r\n \r\n-$ \r\n \r\n-$ \r\n \r\n-$ \r\n \r\n- \r\n \r\n- \r\n \r\n23,413 \r\n \r\n9,497,650 \r\n \r\n1,029,676 \r\n \r\n3,483,773 \r\n \r\n9,497,650 \r\n \r\n1,029,676 \r\n \r\n3,507,186 \r\n \r\n-$ 1,626 274,504 \r\n276,130 \r\n \r\n13,445 $ - \r\n3,451,551 \r\n3,464,996 \r\n \r\n7,798 $ - \r\n329,320 \r\n337,118 \r\n \r\n-$ \r\n \r\n21,243 \r\n \r\n- \r\n \r\n25,039 \r\n \r\n339,408 \r\n \r\n18,405,882 \r\n \r\n339,408 \r\n \r\n18,452,164 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n5,183,951 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n2,364,322 \r\n \r\n- \r\n \r\n7,548,273 \r\n \r\n$ 9,497,650 $ 1,029,676 $ 3,507,186 $ 276,130 $ 3,464,996 $ 7,885,391 $ \r\n \r\n626,285 \r\n- \r\n626,285 \r\n \r\n5,183,951 626,285 \r\n2,364,322 \r\n8,174,558 \r\n \r\n965,693 $ 26,626,722 \r\n \r\n56 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nCombining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds \r\nFor the Fiscal Year Ended June 30, 2013 \r\n \r\nREVENUES State revenues Federal revenues Other \r\nTOTAL REVENUES \r\nEXPENDITURES Current: \r\nInstruction Support services \r\nPupil services Improvement of instructional services Educational media services Federal grant administration General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Other support services Nutrition Capital outlays Debt service: Interest and fiscal charges \r\nTOTAL EXPENDITURES \r\nDEFICIENCY OF REVENUES UNDER EXPENDITURES \r\nOTHER FINANCING SOURCES Transfers in \r\nTOTAL OTHER FINANCING SOURCES \r\nNET CHANGE IN FUND BALANCES \r\nFUND BALANCES, BEGINNING OF FISCAL YEAR \r\nFUND BALANCES, END OF FISCAL YEAR \r\n \r\nTitle I Fund \r\n \r\n$ \r\n \r\n- \r\n \r\n32,134,559 \r\n \r\n- \r\n \r\n32,134,559 \r\n \r\nTitle II Fund \r\n \r\n$ \r\n \r\n- \r\n \r\n4,782,916 \r\n \r\n- \r\n \r\n4,782,916 \r\n \r\nSpecial Revenue Funds \r\n \r\nTitle VI-B Fund \r\n \r\nLottery Grants Fund \r\n \r\n$ \r\n \r\n- \r\n \r\n10,400,268 \r\n \r\n- \r\n \r\n10,400,268 \r\n \r\n$ 2,160,856 - \r\n2,160,856 \r\n \r\nOther Federal Programs \r\nFund \r\n \r\n$ \r\n \r\n- \r\n \r\n15,049,417 \r\n \r\n- \r\n \r\n15,049,417 \r\n \r\nOther Special Projects Fund \r\n$ 326,634 483,749 \r\n9,351,958 \r\n10,162,341 \r\n \r\nCapital Project Fund \r\nEducation Reform \r\nSuccess, Inc. Fund \r\n \r\n$ \r\n \r\n- \r\n \r\n3,659,230 \r\n \r\n48,100 \r\n \r\n3,707,330 \r\n \r\nTotal Nonmajor Governmental \r\nFunds \r\n \r\n$ \r\n \r\n2,487,490 \r\n \r\n66,510,139 \r\n \r\n9,400,058 \r\n \r\n78,397,687 \r\n \r\n13,026,685 \r\n385,259 13,408,848 \r\n1,392,651 1,984,655 \r\n7,804 32,605 \r\n352,803 \r\n23,941 1,519,308 \r\n- \r\n- \r\n32,134,559 \r\n \r\n800,666 \r\n3,782,670 \r\n194 183,109 \r\n16,277 - \r\n- \r\n4,782,916 \r\n \r\n6,189,414 \r\n1,836,814 601,210 18,507 712,984 - \r\n1,041,339 - \r\n- \r\n- \r\n10,400,268 \r\n \r\n2,428,946 \r\n5,887 - \r\n- \r\n2,434,833 \r\n \r\n3,840,899 \r\n338,339 8,593,400 \r\n379,075 767,108 \r\n1,207 11,020 \r\n122,659 \r\n587,948 407,762 \r\n- \r\n- \r\n15,049,417 \r\n \r\n1,366,431 \r\n437,359 7,122,585 \r\n3,467 - \r\n465,564 986 \r\n169,348 3,468 \r\n121,400 1,755,261 \r\n214,045 - \r\n- \r\n11,659,914 \r\n \r\n- \r\n43,083,742 \r\n3,659,230 \r\n46,742,972 \r\n \r\n27,653,041 \r\n3,003,658 33,508,713 \r\n3,661 1,973,342 3,930,311 \r\n9,997 212,973 \r\n3,468 1,638,201 1,795,479 2,321,301 \r\n407,762 43,083,742 \r\n3,659,230 \r\n123,204,879 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n(273,977) \r\n \r\n- \r\n \r\n(1,497,573) \r\n \r\n(43,035,642) \r\n \r\n(44,807,192) \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n273,977 \r\n \r\n- \r\n \r\n651,825 \r\n \r\n- \r\n \r\n925,802 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n273,977 \r\n \r\n- \r\n \r\n651,825 \r\n \r\n- \r\n \r\n925,802 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n(845,748) \r\n \r\n(43,035,642) \r\n \r\n(43,881,390) \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n8,394,021 \r\n \r\n43,661,927 \r\n \r\n52,055,948 \r\n \r\n$ \r\n \r\n-$ \r\n \r\n-$ \r\n \r\n-$ \r\n \r\n-$ \r\n \r\n- $ 7,548,273 $ \r\n \r\n626,285 $ \r\n \r\n8,174,558 \r\n \r\n57 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM All Special Revenue Funds Combined \r\nSchedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2013 \r\n \r\nREVENUES State revenues Federal revenues Other \r\nTOTAL REVENUES \r\nEXPENDITURES Current: \r\nInstruction Salary Non-salary \r\nSupport services Pupil services Salary Non-salary \r\nImprovement of instructional services Salary Non-salary \r\nEducational media Salary Non-salary \r\nFederal grant administration Salary Non-salary \r\nGeneral administration Salary Non-salary \r\nSchool administration Salary Non-salary \r\nBusiness administration Salary Non-salary \r\nMaintenance and operation of facilities Salary Non-salary \r\nStudent transportation Salary Non-salary \r\nCentral support Salary Non-salary \r\nContinued \r\n \r\nORIGINAL BUDGET \r\n \r\nFINAL BUDGET \r\n \r\nACTUAL \r\n \r\nVARIANCE POSITIVE (NEGATIVE) \r\n \r\n$ \r\n \r\n3,281,690 $ \r\n \r\n3,173,029 $ \r\n \r\n111,041,723 \r\n \r\n133,891,884 \r\n \r\n10,399,986 \r\n \r\n14,305,330 \r\n \r\n124,723,399 \r\n \r\n151,370,243 \r\n \r\n2,487,490 $ \r\n \r\n(685,539) \r\n \r\n62,850,909 \r\n \r\n(71,040,975) \r\n \r\n9,351,958 \r\n \r\n(4,953,372) \r\n \r\n74,690,357 \r\n \r\n(76,679,886) \r\n \r\n50,393,910 19,300,595 31,093,315 \r\n4,897,496 2,977,737 1,919,759 \r\n44,403,350 16,627,732 27,775,618 \r\n9,900 9,900 \r\n- \r\n7,761,260 5,366,632 2,394,628 \r\n5,631,951 685,649 \r\n4,946,302 \r\n775,166 11,660 \r\n763,506 \r\n805,962 12,044 \r\n793,918 \r\n503,652 14,939 \r\n488,713 \r\n6,059,847 773,457 \r\n5,286,390 \r\n1,007,240 909,819 97,421 \r\n \r\n53,529,659 27,703,614 25,826,045 \r\n4,364,913 2,109,437 2,255,476 \r\n67,200,883 38,326,074 28,874,809 \r\n3,767 - \r\n3,767 \r\n8,070,296 6,108,877 1,961,419 \r\n5,085,893 381,836 \r\n4,704,057 \r\n574,644 11,667 \r\n562,977 \r\n779,008 23,699 \r\n755,309 \r\n498,641 16,790 \r\n481,851 \r\n5,269,123 830,698 \r\n4,438,425 \r\n1,060,621 971,764 88,857 \r\n \r\n27,653,041 16,994,321 10,658,720 \r\n3,003,658 1,288,081 1,715,577 \r\n33,508,713 24,249,046 \r\n9,259,667 \r\n3,661 - \r\n3,661 \r\n1,973,342 1,755,904 \r\n217,438 \r\n3,930,311 1,078,283 2,852,028 \r\n9,997 - \r\n9,997 \r\n212,973 43,625 \r\n169,348 \r\n3,468 - \r\n3,468 \r\n1,638,201 958,101 680,100 \r\n1,795,479 511,161 \r\n1,284,318 \r\n \r\n25,876,618 10,709,293 15,167,325 \r\n1,361,255 821,356 539,899 \r\n33,692,170 14,077,028 19,615,142 \r\n106 - \r\n106 \r\n6,096,954 4,352,973 1,743,981 \r\n1,155,582 (696,447) 1,852,029 \r\n564,647 11,667 \r\n552,980 \r\n566,035 (19,926) 585,961 \r\n495,173 16,790 \r\n478,383 \r\n3,630,922 (127,403) 3,758,325 \r\n(734,858) 460,603 (1,195,461) \r\n \r\n58 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM All Special Revenue Funds Combined \r\nSchedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2013 \r\n \r\nOther support services Salary Non-salary \r\nNutrition Salary Non-salary \r\nTOTAL EXPENDITURES DEFICIENCY OF REVENUES UNDER EXPENDITURES OTHER FINANCING SOURCES \r\nTransfers in \r\nTOTAL OTHER FINANCING SOURCES \r\nNET CHANGE IN FUND BALANCES FUND BALANCES - BEGINNING OF FISCAL YEAR FUND BALANCES - END OF FISCAL YEAR \r\n \r\nORIGINAL BUDGET \r\n2,096,700 671,307 \r\n1,425,393 \r\n376,965 - \r\n376,965 \r\n124,723,399 \r\n- \r\n \r\nFINAL BUDGET \r\n4,427,520 2,849,545 1,577,975 \r\n505,275 - \r\n505,275 \r\n151,370,243 \r\n- \r\n \r\nACTUAL 2,321,301 1,443,020 878,281 \r\n407,762 - \r\n407,762 \r\n76,461,907 \r\n(1,771,550) \r\n \r\nVARIANCE POSITIVE (NEGATIVE) \r\n2,106,219 1,406,525 \r\n699,694 \r\n97,513 - \r\n97,513 \r\n74,908,336 \r\n(1,771,550) \r\n \r\n- \r\n \r\n- \r\n \r\n925,802 \r\n \r\n925,802 \r\n \r\n- \r\n \r\n- \r\n \r\n925,802 \r\n \r\n925,802 \r\n \r\n- \r\n \r\n- \r\n \r\n(845,748) \r\n \r\n8,394,021 \r\n \r\n8,394,021 \r\n \r\n8,394,021 \r\n \r\n$ \r\n \r\n8,394,021 $ \r\n \r\n8,394,021 $ \r\n \r\n7,548,273 $ \r\n \r\n(845,748) - \r\n(845,748) \r\n \r\n59 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Title I Special Revenue Fund \r\nSchedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2013 \r\n \r\nREVENUES Federal revenues \r\nTOTAL REVENUES \r\nEXPENDITURES Current: \r\nInstruction Salary Non-salary \r\n \r\nORIGINAL BUDGET \r\n \r\nFINAL BUDGET \r\n \r\nACTUAL \r\n \r\nVARIANCE POSITIVE (NEGATIVE) \r\n \r\n$ 61,095,168 $ 73,336,387 $ 32,134,559 $ (41,201,828) \r\n \r\n61,095,168 \r\n \r\n73,336,387 \r\n \r\n32,134,559 \r\n \r\n(41,201,828) \r\n \r\n39,223,730 9,826,109 \r\n29,397,621 \r\n \r\n33,653,247 12,960,495 20,692,752 \r\n \r\n13,026,685 6,645,710 6,380,975 \r\n \r\n20,626,562 6,314,785 \r\n14,311,777 \r\n \r\nSupport services Pupil services Salary Non-salary \r\n \r\n1,428,013 1,166,602 \r\n261,411 \r\n \r\n323,046 275,778 47,268 \r\n \r\n385,259 372,527 12,732 \r\n \r\n(62,213) (96,749) 34,536 \r\n \r\nImprovement of instructional services Salary Non-salary \r\n \r\n11,472,229 6,490,809 4,981,420 \r\n \r\n25,611,330 20,063,953 \r\n5,547,377 \r\n \r\n13,408,848 12,448,706 \r\n960,142 \r\n \r\n12,202,482 7,615,247 4,587,235 \r\n \r\nFederal grant administration Salary Non-salary \r\n \r\n578,023 345,023 233,000 \r\n \r\n3,857,789 3,141,955 \r\n715,834 \r\n \r\n1,392,651 1,322,622 \r\n70,029 \r\n \r\n2,465,138 1,819,333 \r\n645,805 \r\n \r\nGeneral administration Salary Non-salary \r\n \r\n2,623,692 605,654 \r\n2,018,038 \r\n \r\n2,851,605 - \r\n2,851,605 \r\n \r\n1,984,655 - \r\n1,984,655 \r\n \r\n866,950 - \r\n866,950 \r\n \r\nSchool administration Salary Non-salary \r\n \r\n732,392 - \r\n732,392 \r\n \r\n533,557 - \r\n533,557 \r\n \r\n7,804 - \r\n7,804 \r\n \r\n525,753 - \r\n525,753 \r\n \r\nBusiness administration Salary Non-salary \r\n \r\n12,044 12,044 \r\n- \r\n \r\n- \r\n \r\n32,605 \r\n \r\n(32,605) \r\n \r\n- \r\n \r\n32,605 \r\n \r\n(32,605) \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\nStudent transportation Salary Non-salary \r\n \r\n3,882,153 - \r\n3,882,153 \r\n \r\n2,958,132 57,240 \r\n2,900,892 \r\n \r\n352,803 - \r\n352,803 \r\n \r\n2,605,329 57,240 \r\n2,548,089 \r\n \r\nCentral support Salary Non-salary \r\n \r\n33,527 33,527 \r\n- \r\n \r\n- \r\n \r\n23,941 \r\n \r\n(23,941) \r\n \r\n- \r\n \r\n23,941 \r\n \r\n(23,941) \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\nOther support services Salary Non-salary \r\n \r\n1,109,365 332,521 776,844 \r\n \r\n3,547,681 2,717,125 \r\n830,556 \r\n \r\n1,519,308 1,353,995 \r\n165,313 \r\n \r\n2,028,373 1,363,130 \r\n665,243 \r\n \r\nTOTAL EXPENDITURES \r\n \r\nNET CHANGE IN FUND BALANCES \r\n \r\nFUND BALANCES - BEGINNING OF FISCAL YEAR \r\n \r\nFUND BALANCES - END OF FISCAL YEAR \r\n \r\n$ \r\n \r\n61,095,168 -$ \r\n \r\n73,336,387 -$ \r\n \r\n32,134,559 -$ \r\n \r\n41,201,828 - \r\n \r\n60 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Title II Special Revenue Fund \r\nSchedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2013 \r\n \r\nREVENUES Federal revenues \r\nTOTAL REVENUES \r\nEXPENDITURES Current: \r\nInstruction Salary Non-salary \r\n \r\nORIGINAL BUDGET \r\n \r\nFINAL BUDGET \r\n \r\nACTUAL \r\n \r\nVARIANCE POSITIVE (NEGATIVE) \r\n \r\n$ \r\n \r\n2,698,756 $ \r\n \r\n9,285,891 $ \r\n \r\n4,782,916 $ (4,502,975) \r\n \r\n2,698,756 \r\n \r\n9,285,891 \r\n \r\n4,782,916 \r\n \r\n(4,502,975) \r\n \r\n739,883 739,883 \r\n- \r\n \r\n2,135,288 1,990,429 \r\n144,859 \r\n \r\n800,666 655,877 144,789 \r\n \r\n1,334,622 1,334,552 \r\n70 \r\n \r\nSupport services Pupil services Salary Non-salary \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\nImprovement of instructional services Salary Non-salary \r\n \r\n1,904,264 705,240 \r\n1,199,024 \r\n \r\n6,756,915 4,166,346 2,590,569 \r\n \r\n3,782,670 2,270,632 1,512,038 \r\n \r\n2,974,245 1,895,714 1,078,531 \r\n \r\nEducational media services Salary Non-salary \r\n \r\n- \r\n \r\n300 \r\n \r\n194 \r\n \r\n106 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n300 \r\n \r\n194 \r\n \r\n106 \r\n \r\nFederal grant administration Salary Non-salary \r\n \r\n- \r\n \r\n366,678 \r\n \r\n183,109 \r\n \r\n183,569 \r\n \r\n- \r\n \r\n320,678 \r\n \r\n161,273 \r\n \r\n159,405 \r\n \r\n- \r\n \r\n46,000 \r\n \r\n21,836 \r\n \r\n24,164 \r\n \r\nCentral support Salary Non-salary \r\n \r\n54,609 25,401 29,208 \r\n \r\n26,710 19,710 \r\n7,000 \r\n \r\n16,277 16,277 \r\n- \r\n \r\n10,433 3,433 7,000 \r\n \r\nTOTAL EXPENDITURES \r\n \r\nNET CHANGE IN FUND BALANCES \r\n \r\nFUND BALANCES - BEGINNING OF FISCAL YEAR \r\n \r\nFUND BALANCES - END OF FISCAL YEAR \r\n \r\n$ \r\n \r\n2,698,756 -$ \r\n \r\n9,285,891 -$ \r\n \r\n4,782,916 -$ \r\n \r\n4,502,975 - \r\n \r\n61 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Title VI-B Special Revenue Fund \r\nSchedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2013 \r\n \r\nREVENUES Federal revenues \r\nTOTAL REVENUES \r\nEXPENDITURES Current: \r\nInstruction Salary Non-salary \r\n \r\nORIGINAL BUDGET \r\n \r\nFINAL BUDGET \r\n \r\nACTUAL \r\n \r\nVARIANCE POSITIVE (NEGATIVE) \r\n \r\n$ \r\n \r\n9,573,801 $ 12,792,877 $ 10,400,268 $ (2,392,609) \r\n \r\n9,573,801 \r\n \r\n12,792,877 \r\n \r\n10,400,268 \r\n \r\n(2,392,609) \r\n \r\n4,760,746 4,329,643 \r\n431,103 \r\n \r\n7,265,026 4,328,189 2,936,837 \r\n \r\n6,189,414 3,172,991 3,016,423 \r\n \r\n1,075,612 1,155,198 \r\n(79,586) \r\n \r\nSupport services Pupil services Salary Non-salary \r\n \r\n2,469,788 1,170,755 1,299,033 \r\n \r\n3,137,570 1,133,390 2,004,180 \r\n \r\n1,836,814 262,010 \r\n1,574,804 \r\n \r\n1,300,756 871,380 429,376 \r\n \r\nImprovement of instructional services Salary Non-salary \r\n \r\n1,270,184 1,220,484 \r\n49,700 \r\n \r\n1,297,839 1,248,139 \r\n49,700 \r\n \r\n601,210 601,210 \r\n- \r\n \r\n696,629 646,929 \r\n49,700 \r\n \r\nFederal grant administration Salary Non-salary \r\n \r\n- \r\n \r\n- \r\n \r\n18,507 \r\n \r\n(18,507) \r\n \r\n- \r\n \r\n- \r\n \r\n18,507 \r\n \r\n(18,507) \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\nGeneral administration Salary Non-salary \r\n \r\n75,889 75,889 \r\n- \r\n \r\n95,247 75,889 19,358 \r\n \r\n712,984 712,984 \r\n- \r\n \r\n(617,737) (637,095) \r\n19,358 \r\n \r\nMaintenance and operation of facilities Salary Non-salary \r\n \r\n14,000 14,000 \r\n- \r\n \r\n14,000 14,000 \r\n- \r\n \r\n- \r\n \r\n14,000 \r\n \r\n- \r\n \r\n14,000 \r\n \r\n- \r\n \r\n- \r\n \r\nStudent transportation Salary Non-salary \r\n \r\n983,194 773,457 209,737 \r\n \r\n983,195 773,458 209,737 \r\n \r\n1,041,339 958,101 83,238 \r\n \r\n(58,144) (184,643) 126,499 \r\n \r\nTOTAL EXPENDITURES \r\n \r\nNET CHANGE IN FUND BALANCES \r\n \r\nFUND BALANCES - BEGINNING OF FISCAL YEAR \r\n \r\nFUND BALANCES - END OF FISCAL YEAR \r\n \r\n$ \r\n \r\n9,573,801 -$ \r\n \r\n12,792,877 -$ \r\n \r\n10,400,268 -$ \r\n \r\n2,392,609 - \r\n \r\n62 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Lottery Grants Special Revenue Fund \r\nSchedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2013 \r\n \r\nREVENUES State revenues \r\nTOTAL REVENUES \r\nEXPENDITURES Current: \r\nInstruction Salary Non-salary \r\nSupport services Pupil services Salary \r\nTOTAL EXPENDITURES \r\nEXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES \r\nOTHER FINANCING SOURCES Transfers in \r\nTOTAL OTHER FINANCING SOURCES \r\n \r\nORIGINAL BUDGET \r\n \r\nFINAL BUDGET \r\n \r\n$ \r\n \r\n2,186,129 $ \r\n \r\n2,218,029 \r\n \r\n2,186,129 \r\n \r\n2,218,029 \r\n \r\nACTUAL \r\n \r\nVARIANCE POSITIVE (NEGATIVE) \r\n \r\n2,160,856 $ \r\n \r\n(57,173) \r\n \r\n2,160,856 \r\n \r\n(57,173) \r\n \r\n2,186,129 2,129,443 \r\n56,686 \r\n2,186,129 \r\n- \r\n- \r\n \r\n2,218,029 2,108,955 \r\n109,074 \r\n2,218,029 \r\n- \r\n- \r\n \r\n2,428,946 2,356,465 \r\n72,481 \r\n5,887 5,887 2,434,833 \r\n(273,977) \r\n273,977 273,977 \r\n \r\n(210,917) (247,510) \r\n36,593 \r\n(5,887) (5,887) (216,804) \r\n(273,977) \r\n273,977 273,977 \r\n \r\nNET CHANGE IN FUND BALANCES \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\nFUND BALANCES - BEGINNING OF FISCAL YEAR \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\nFUND BALANCES - END OF FISCAL YEAR \r\n \r\n$ \r\n \r\n-$ \r\n \r\n-$ \r\n \r\n-$ \r\n \r\n- \r\n \r\n63 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nOther Federal Programs Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in \r\nFund Balances - Budget and Actual For the Fiscal Year Ended June 30, 2013 \r\n \r\nREVENUES State revenues Federal revenues \r\nTOTAL REVENUES \r\nEXPENDITURES Current: \r\nInstruction Salary Non-salary \r\nSupport services Pupil services Salary Non-salary \r\nImprovement of instructional services Salary Non-salary \r\nEducational media Salary Non-salary \r\nFederal grant administration Salary Non-salary \r\nGeneral administration Salary Non-salary \r\nSchool administration Salary Non-salary \r\nBusiness administration Salary Non-salary \r\nMaintenance and operation of facilities Salary Non-salary \r\nStudent transportation Salary Non-salary \r\nCentral support Salary Non-salary \r\nOther support services Salary Non-salary \r\nNutrition Salary Non-salary \r\nTOTAL EXPENDITURES \r\n \r\nORIGINAL BUDGET \r\n \r\nFINAL BUDGET \r\n \r\nACTUAL \r\n \r\nVARIANCE POSITIVE (NEGATIVE) \r\n \r\n$ \r\n \r\n550,000 $ \r\n \r\n550,000 $ \r\n \r\n-$ \r\n \r\n(550,000) \r\n \r\n36,410,610 \r\n \r\n37,950,729 \r\n \r\n15,049,417 \r\n \r\n(22,901,312) \r\n \r\n36,960,610 \r\n \r\n38,500,729 \r\n \r\n15,049,417 \r\n \r\n(23,451,312) \r\n \r\n1,619,872 1,083,865 \r\n536,007 \r\n367,233 203,448 163,785 \r\n24,489,938 7,188,318 17,301,620 \r\n9,900 9,900 \r\n- \r\n7,183,237 5,021,609 2,161,628 \r\n1,794,497 4,106 \r\n1,790,391 \r\n9,114 - \r\n9,114 \r\n253 - \r\n253 \r\n939 939 \r\n- \r\n281,827 - \r\n281,827 \r\n6,500 6,500 \r\n- \r\n820,335 186,287 634,048 \r\n376,965 - \r\n376,965 \r\n36,960,610 \r\n \r\n6,075,236 5,166,953 \r\n908,283 \r\n599,433 470,480 128,953 \r\n24,933,476 10,777,062 14,156,414 \r\n- \r\n3,845,829 2,646,244 1,199,585 \r\n1,500,362 - \r\n1,500,362 \r\n8,266 - \r\n8,266 \r\n24,271 23,699 \r\n572 \r\n5,190 2,790 2,400 \r\n357,455 - \r\n357,455 \r\n- \r\n645,842 37,417 608,425 \r\n505,275 - \r\n505,275 \r\n38,500,635 \r\n \r\n3,840,899 3,140,923 \r\n699,976 \r\n338,339 271,548 66,791 \r\n8,593,400 5,879,808 2,713,592 \r\n- \r\n379,075 253,502 125,573 \r\n767,108 - \r\n767,108 \r\n1,207 - \r\n1,207 \r\n11,020 11,020 \r\n- \r\n- \r\n122,659 - \r\n122,659 \r\n- \r\n587,948 - \r\n587,948 \r\n407,762 - \r\n407,762 \r\n15,049,417 \r\n \r\n2,234,337 2,026,030 \r\n208,307 \r\n261,094 198,932 62,162 \r\n16,340,076 4,897,254 11,442,822 \r\n- \r\n3,466,754 2,392,742 1,074,012 \r\n733,254 - \r\n733,254 \r\n7,059 - \r\n7,059 \r\n13,251 12,679 \r\n572 \r\n5,190 2,790 2,400 \r\n234,796 - \r\n234,796 \r\n- \r\n57,894 37,417 20,477 \r\n97,513 - \r\n97,513 \r\n23,451,218 \r\n \r\nNET CHANGE IN FUND BALANCES \r\n \r\nFUND BALANCES - BEGINNING OF FISCAL YEAR \r\n \r\nFUND BALANCES - END OF FISCAL YEAR \r\n \r\n$ \r\n \r\n-$ \r\n \r\n94 - \r\n94 $ \r\n \r\n- \r\n \r\n(94) \r\n \r\n- \r\n \r\n- \r\n \r\n-$ \r\n \r\n(94) \r\n \r\n64 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nOther Special Projects Special Revenue Fund Schedule of Revenues, Expenditures, and Changes in \r\nFund Balances - Budget and Actual For the Fiscal Year Ended June 30, 2013 \r\n \r\nREVENUES State revenues Federal revenues Other \r\nTOTAL REVENUES \r\nEXPENDITURES Current: \r\nInstruction Salary Non-salary \r\nSupport services Pupil services Salary Non-salary \r\nImprovement of instructional services Salary Non-salary \r\nEducational media services Salary Non-salary \r\nGeneral administration Salary Non-salary \r\nSchool administration Salary Non-salary \r\nBusiness administration Salary Non-salary \r\nMaintenance and operation of facilities Salary Non-salary \r\nStudent transportation Salary Non-salary \r\nCentral support Salary Non-salary \r\nOther support services Salary Non-salary \r\nTOTAL EXPENDITURES \r\n \r\nORIGINAL BUDGET \r\n \r\nFINAL BUDGET \r\n \r\nACTUAL \r\n \r\nVARIANCE POSITIVE (NEGATIVE) \r\n \r\n$ \r\n \r\n545,561 $ \r\n \r\n405,000 $ \r\n \r\n1,263,388 \r\n \r\n526,000 \r\n \r\n10,399,986 \r\n \r\n14,305,330 \r\n \r\n12,208,935 \r\n \r\n15,236,330 \r\n \r\n326,634 $ 483,749 9,351,958 \r\n10,162,341 \r\n \r\n(78,366) (42,251) (4,953,372) \r\n(5,073,989) \r\n \r\n1,863,550 1,191,652 \r\n671,898 \r\n632,462 436,932 195,530 \r\n5,266,735 1,022,881 4,243,854 \r\n- \r\n1,137,873 - \r\n1,137,873 \r\n33,660 11,660 22,000 \r\n793,665 - \r\n793,665 \r\n488,713 - \r\n488,713 \r\n912,673 - \r\n912,673 \r\n912,604 844,391 \r\n68,213 \r\n167,000 152,499 \r\n14,501 \r\n12,208,935 \r\n \r\n2,182,833 1,148,593 1,034,240 \r\n304,864 229,789 \r\n75,075 \r\n8,601,323 2,070,574 6,530,749 \r\n3,467 - \r\n3,467 \r\n638,679 305,947 332,732 \r\n32,821 11,667 21,154 \r\n754,737 - \r\n754,737 \r\n479,451 - \r\n479,451 \r\n970,341 - \r\n970,341 \r\n1,033,911 952,054 81,857 \r\n233,997 95,003 \r\n138,994 \r\n15,236,424 \r\n \r\n1,366,431 1,022,355 \r\n344,076 \r\n437,359 376,109 \r\n61,250 \r\n7,122,585 3,048,690 4,073,895 \r\n3,467 - \r\n3,467 \r\n465,564 365,299 100,265 \r\n986 - \r\n986 \r\n169,348 - \r\n169,348 \r\n3,468 - \r\n3,468 \r\n121,400 - \r\n121,400 \r\n1,755,261 470,943 \r\n1,284,318 \r\n214,045 89,025 \r\n125,020 \r\n11,659,914 \r\n \r\n816,402 126,238 690,164 \r\n(132,495) (146,320) \r\n13,825 \r\n1,478,738 (978,116) 2,456,854 \r\n- \r\n173,115 (59,352) 232,467 \r\n31,835 11,667 20,168 \r\n585,389 - \r\n585,389 \r\n475,983 - \r\n475,983 \r\n848,941 - \r\n848,941 \r\n(721,350) 481,111 (1,202,461) \r\n19,952 5,978 \r\n13,974 \r\n3,576,510 \r\n \r\nDEFICIENCY OF REVENUES UNDER EXPENDITURES \r\nOTHER FINANCING SOURCES Transfers in \r\n \r\n- \r\n \r\n(94) \r\n \r\n(1,497,573) \r\n \r\n(1,497,479) \r\n \r\n- \r\n \r\n- \r\n \r\n651,825 \r\n \r\n651,825 \r\n \r\nTOTAL OTHER FINANCING SOURCES \r\n \r\n- \r\n \r\n- \r\n \r\n651,825 \r\n \r\n651,825 \r\n \r\nNET CHANGE IN FUND BALANCES FUND BALANCES - BEGINNING OF FISCAL YEAR FUND BALANCES - END OF FISCAL YEAR \r\n \r\n- \r\n \r\n(94) \r\n \r\n(845,748) \r\n \r\n8,394,021 \r\n \r\n8,394,021 \r\n \r\n8,394,021 \r\n \r\n$ \r\n \r\n8,394,021 $ \r\n \r\n8,393,927 $ \r\n \r\n7,548,273 $ \r\n \r\n(845,654) - \r\n(845,654) \r\n \r\n65 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nCapital Projects Fund Schedule of Revenues, Expenditures, and Changes in \r\nFund Balances - Budget and Actual For the Fiscal Year Ended June 30, 2013 \r\n \r\nREVENUES Sales tax income State revenues Investment income \r\nTOTAL REVENUES \r\nEXPENDITURES Current: \r\nInstruction Salary Non-salary \r\n \r\nORIGINAL BUDGET \r\n \r\nFINAL BUDGET \r\n \r\nACTUAL \r\n \r\nVARIANCE POSITIVE (NEGATIVE) \r\n \r\n$ 73,280,176 $ - \r\n73,280,176 \r\n \r\n241,146,743 $ - \r\n241,146,743 \r\n \r\n85,979,568 135,650 45,266 \r\n86,160,484 \r\n \r\n$ (155,167,175) 135,650 45,266 \r\n(154,986,259) \r\n \r\n10,099 - \r\n10,099 \r\n \r\n10,099 - \r\n10,099 \r\n \r\n- \r\n \r\n10,099 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n10,099 \r\n \r\nSupport services General administration Salary Non-salary \r\n \r\n132,956 - \r\n132,956 \r\n \r\n2,182,956 - \r\n2,182,956 \r\n \r\n1,085,826 - \r\n1,085,826 \r\n \r\n1,097,130 - \r\n1,097,130 \r\n \r\nBusiness administration Salary Non-salary \r\n \r\n1,074,300 - \r\n1,074,300 \r\n \r\n2,171,221 146,921 \r\n2,024,300 \r\n \r\n229,868 229,868 \r\n- \r\n \r\n1,941,353 (82,947) \r\n2,024,300 \r\n \r\nMaintenance and operation of facilities Salary Non-salary \r\n \r\n1,593,478 - \r\n1,593,478 \r\n \r\n7,945,615 - \r\n7,945,615 \r\n \r\n4,820,089 - \r\n4,820,089 \r\n \r\n3,125,526 - \r\n3,125,526 \r\n \r\nStudent transportation Salary Non-salary \r\n \r\n1,040,329 - \r\n1,040,329 \r\n \r\n2,340,329 - \r\n2,340,329 \r\n \r\n484,556 - \r\n484,556 \r\n \r\n1,855,773 - \r\n1,855,773 \r\n \r\nCentral support Salary Non-salary \r\n \r\n14,636,993 - \r\n14,636,993 \r\n \r\n14,636,993 - \r\n14,636,993 \r\n \r\n4,116,069 - \r\n4,116,069 \r\n \r\n10,520,924 - \r\n10,520,924 \r\n \r\nDebt service: Principal retirements Interest \r\n \r\n- \r\n \r\n5,920,000 \r\n \r\n5,920,000 \r\n \r\n- \r\n \r\n- \r\n \r\n3,064,956 \r\n \r\n1,790,062 \r\n \r\n1,274,894 \r\n \r\nCapital outlays: Facilities acquisition and construction Salary Non-salary \r\n \r\n54,792,021 3,752 \r\n54,788,269 \r\n \r\n207,874,574 693,590 \r\n207,180,984 \r\n \r\n74,695,389 490,095 \r\n74,205,294 \r\n \r\n133,179,185 203,495 \r\n132,975,690 \r\n \r\nOther outlays Salary Non-salary \r\nTOTAL EXPENDITURES \r\nEXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES \r\n \r\n73,280,176 \r\n- \r\n \r\n246,146,743 \r\n(5,000,000) \r\n \r\n93,141,859 \r\n(6,981,375) \r\n \r\n153,004,884 \r\n(1,981,375) \r\n \r\nOTHER FINANCING SOURCES \r\n \r\nTransfers in \r\n \r\n- \r\n \r\nNET CHANGE IN FUND BALANCES \r\n \r\n- \r\n \r\nFUND BALANCES - BEGINNING OF FISCAL YEAR \r\n \r\n133,735,552 \r\n \r\nFUND BALANCES - END OF FISCAL YEAR \r\n \r\n$ 133,735,552 $ \r\n \r\n5,000,000 \r\n \r\n5,000,000 \r\n \r\n- \r\n \r\n(1,981,375) \r\n \r\n133,735,552 \r\n \r\n133,735,552 \r\n \r\n133,735,552 $ 131,754,177 $ \r\n \r\n(1,981,375) \r\n(1,981,375) \r\n \r\n66 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Statement of Changes in Assets and Liabilities Agency Fund For the Fiscal Year Ended June 30, 2013 \r\n \r\nASSETS Cash and cash equivalents \r\nLIABILITIES Due to local schools and student groups \r\n \r\nBalance July 01, 2012 \r\n \r\nAdditions \r\n \r\nDeductions \r\n \r\nBalance June 30, 2013 \r\n \r\n$ \r\n \r\n621,016 $ \r\n \r\n1,767,433 $ \r\n \r\n(1,973,514) $ \r\n \r\n414,935 \r\n \r\n$ \r\n \r\n621,016 $ \r\n \r\n1,767,433 $ \r\n \r\n(1,973,514) $ \r\n \r\n414,935 \r\n \r\n67 \r\n \r\n Quality Basic Education Programs  Program Expenditures General Fund  Quality Basic Education Project (QBE) - Schedule of Allotments and Expenditures by Program Lottery Programs - Schedule of Expenditures by Object Schedule of Approved Local Options Sales Tax Projects Schedule of State Revenues \r\n \r\n Atlanta Independent School System QUALITY BASIC EDUCATION PROGRAMS - \r\nPROGRAM EXPENDITURES For the Fiscal Year Ended June 30, 2013 \r\nThe Official Code of Georgia Annotated Section 20-2-172 (a) Expenditure Controls for fiscal years 2007 and 2008 state: For each program identified in Code Section 20-2-161, each local School System shall spend 100 percent of funds designated for direct instructional costs on the direct instructional costs of such program on one or more of the programs identified in Code Section 20-2-161 at the system level, with no requirement that the School System spend any specific portion of such funds at the site where such funds were earned. The following pages are presented for purposes of additional analysis and reflect overall minimum expenditure requirements compared to overall program expenditures made by the School System as described above and also reflect minimum program expenditure requirements compared to actual expenditures made by the School System on a program basis. \r\n68 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM BOARD OF EDUCATION GENERAL FUND - QUALITY BASIC EDUCATION PROGRAM(QBE) \r\nSCHEDULE OF ALLOTMENTS AND EXPENDITURES - BY PROGRAM FISCAL YEAR ENDED JUNE 30, 2013 \r\n \r\nDESCRIPTION \r\nDirect Instructional Programs 1011 Kindergarten Program 1061 Kindergarten Program-Early Intervention Program 1021 Primary Grades (1-3) Program 1071 Primary Grades-Early Intervention (1-3) Program 1051 Upper Elementary Grades (4-5) Program 1091 Upper Elem Grades-Early Intervention (4-5) Program 1031 Middle Grades (6-8) Program 1081 Middle School (6-8) Program 1041 High School General Education (9-12) Program 3011 Vocational Laboratory (9-12) Program \r\nStudents with Disabilities 2021 Category I 2031 Category II 2041 Category III 2051 Category IV 2011 Category V 2111 Gifted Student - Category VI 2211 Remedial Education Program 5071 Alternative Education Program 1351 English Speakers of Other Languages (ESOL) \r\nTOTAL DIRECT INSTRUCTIONAL PROGRAMS \r\n1310 Media Center Program 1210 Staff and Professional Development \r\n \r\nALLOTMENTS FROM GEORGIA DEPARTMENT OF EDUCATION (1) \r\n \r\n$ \r\n \r\n24,760,115 \r\n \r\n$ \r\n \r\n2,145,537 \r\n \r\n51,645,825 \r\n \r\n6,558,136 \r\n \r\n23,454,400 \r\n \r\n4,787,120 \r\n \r\n875,612 \r\n \r\n34,287,811 \r\n \r\n28,955,282 \r\n \r\n6,433,361 \r\n \r\n2,109,804 2,507,782 15,882,919 3,965,921 234,189 9,392,045 3,052,355 2,627,553 \r\n2,915,872 \r\n \r\n226,591,639 \r\n \r\n6,696,179 1,144,104 \r\n \r\nSALARIES \r\n \r\nELIGIBLE QBE PROGRAM COSTS \r\nOPERATIONS \r\n \r\nTOTAL \r\n \r\n20,678,597 \r\n \r\n$ \r\n \r\n1,379,122 \r\n \r\n61,834,095 \r\n \r\n17,342,390 \r\n \r\n19,190,766 \r\n \r\n1,135,788 \r\n \r\n45,440 \r\n \r\n37,401,984 \r\n \r\n45,642,097 \r\n \r\n9,796,818 \r\n \r\n36,940,275 1,132,103 2,195,809 \r\n9,830,803 3,263,819 1,495,966 \r\n4,577,999 \r\n \r\n273,883,871 \r\n \r\n8,140,183 1,954,708 \r\n \r\n- \r\n \r\n$ \r\n \r\n- \r\n \r\n1,368,213 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n516,493 \r\n \r\n673,945 \r\n \r\n600,016 \r\n \r\n- \r\n \r\n1,659,083 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n10,674 \r\n \r\n127,464 \r\n \r\n760 \r\n \r\n17,636 \r\n \r\n20,678,597 1,379,122 63,202,308 17,342,390 19,190,766 1,135,788 \r\n45,440 37,918,477 46,316,042 10,396,834 \r\n38,599,358 1,132,103 2,195,809 \r\n9,841,477 3,391,283 1,496,726 4,595,635 \r\n \r\n4,974,284 \r\n \r\n278,858,155 \r\n \r\n693,505 293,166 \r\n \r\n8,833,688 2,247,874 \r\n \r\nTOTAL QBE FORMULA FUNDS \r\n1100 Twenty days additional Instruction 1320 Pupil Transportation 1445 On behalf 1450 Indirect costs - Central Admin. 1455 Indirect costs - School Admin. 1457 Indirect costs - Facilities M\u0026O 1500 Nurses \r\n \r\n$ \r\n \r\n234,431,922 \r\n \r\n$ 283,978,762 \r\n452,333 12,877,697 \r\n200,726 - \r\n67,430 $ 297,576,948 \r\n \r\n$ \r\n \r\n5,960,955 \r\n \r\n4,912,823 \r\n$ 10,873,778 \r\n \r\n$ 289,939,717 \r\n452,333 17,790,520 \r\n200,726 - \r\n67,430 $ 308,450,726 \r\n \r\n(1) Comprised of State Funds plus Local Five Mill Share. \r\n \r\n69 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Lottery Programs \r\nSchedule of Expenditures by Object For the Fiscal Year Ended June 30, 2013 \r\n \r\nSalaries Employee benefits Other purchased services Materials and supplies \r\n \r\nPre-Kindergarten Program \r\n$ 1,803,422 558,931 53,224 19,256 \r\n$ 2,434,833 \r\n \r\n70 \r\n \r\n PROJECT \r\nSPLOST III DeKalb County \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM SCHEDULE OF APPROVED LOCAL OPTION SALES TAX PROJECTS \r\nFISCAL YEAR ENDED JUNE 30, 2013 \r\n \r\nORIGINAL ESTIMATED \r\nCOST (1) \r\n \r\nCURRENT ESTIMATED COSTS (2) \r\n \r\nAMOUNT EXPENDED IN CURRENT FISCAL YEAR (3) \r\n \r\nAMOUNT EXPENDED \r\nIN PRIOR FISCAL YEARS (4) \r\n \r\nPROJECT STATUS \r\n \r\nCapital outlay projects consisting of construction, renovations, modifications, additions, and equipment for the following facilities: The Howard School, Lin Elementary School and Whitefoord Elementary School and any future updates: Crim High School, Coan, Springdale \r\nFulton County \r\n \r\n20,511,000 \r\n \r\n24,059,277 \r\n \r\n2,002,373 \r\n \r\n22,056,904 \r\n \r\nOngoing \r\n \r\nCapital outlay projects including new school construction, classroom additions, renovations, infrastructure improvements, upgrading security system, technology improvements, land acquisition, site preparation, providing staff development, and instructional \r\nSPLOST IV \r\nFulton County \r\n \r\n552,357,776 \r\n \r\n466,741,223 \r\n \r\n62,129,739 \r\n \r\n348,111,889 \r\n \r\nOngoing \r\n \r\nCapital outlay projects including new school construction, classroom additions, renovations, infrastructure improvements, upgrading security system, technology improvements, land acquisition, site preparation, providing staff development, and instructional \r\nDeKalb County \r\n \r\n499,962,831 \r\n \r\n499,962,831 \r\n \r\n19,425,135 \r\n \r\n- \r\n \r\nOngoing \r\n \r\nCapital outlay projects including new school construction, classroom additions, renovations, infrastructure improvements, upgrading security system, technology improvements,relocations, site preparation, providing staff development, and instructional \r\n$ \r\n \r\n19,500,463 1,092,332,070 $ \r\n \r\n19,500,463 1,010,263,794 $ \r\n \r\n965,031 84,522,278 $ \r\n \r\n370,168,793 \r\n \r\nOngoing \r\n \r\n(1) The School System's original cost estimate as specified in the resolution calling for the imposition of the Local Option Sales Tax. \r\n(2) The School System's current estimate of total cost for the projects. Includes all cost from project inception to completion. \r\n(3) The voters of Fulton and DeKalb Counties approved the imposition of a 1% sales tax to fund the above projects and retire associated debt. Amounts expended for these projects may include sales tax proceeds, state, local property taxes, and/or other funds over the life of the projects. \r\n(4) The School System's amounts expended in prior fiscal years related to the above projects. \r\n(5) The SPLOST III Amount Expended in Prior Fiscal Years (4) balances have been adjusted for reclassication of Springdale and Morningside expenditures from Fulton and DeKalb county. \r\n \r\n71 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM SCHEDULE OF STATE REVENUE \r\nFISCAL YEAR ENDED JUNE 30, 2013 \r\n \r\nAGENCY/FUNDING \r\nGRANTS Georgia Department of Early Care and Learning Bright from the Start (Lottery) Pre-Kindergarten Program \r\nEducation, Georgia Department of Quality Basic Education Direct Instructional Cost Kindergarten Program Kindergarten Program - Early Intervention Program Primary Grades (1-3) Program Primary Grades - Early Intervention (1-3) Program Upper Elementary Grades (4-5) Program Upper Elementary Grades - Early Intervention (4-5) Program Middle Grades (6-8) Program Middle School (6-8) Program High School General Education (9-12) Program Vocational Laboratory (9-12) Program Students with Disabilities - All Categories Gifted Student - Category VI Remedial Education Program Alternative Education Program English Speakers of Other Languages (ESOL) Media Center Program 20 Days Additional Instruction Staff and Professional Development Indirect Cost Central Administration School Administration Facility Maintenance and Operations Categorical Grants Pupil Transportation Regular Bus Replacement Nursing Services Austerity Reduction Other State Programs Charter Schools - Facilities CTAE - Apprenticeship CTAE - CTE Extended Day CTAE - Supervision Math and Science Supplement Preschool Handicapped State Grant Residential Treatment Centers Grant Teacher's Retirement \r\nTechnical and Adult Education, Georgia Department of Adult Education \r\nGeorgia State Financing and Investment Commission Young Middle School Construction Project \r\n \r\nGOVERNMENTAL FUND TYPES \r\n \r\nGENERAL FUND \r\n \r\nCAPITAL PROJECTS \r\nFUND \r\n \r\nNONMAJOR GOVERNMENTAL \r\nFUNDS \r\n \r\n$ \r\n \r\n-$ \r\n \r\n- \r\n \r\n$ \r\n \r\n2,160,856 \r\n \r\n14,125,045 1,676,485 \r\n28,841,442 5,884,390 \r\n12,617,222 3,824,292 172,858 \r\n19,738,762 16,551,383 \r\n3,526,278 15,404,612 \r\n5,747,642 1,990,519 1,492,521 1,744,205 3,879,219 1,181,228 \r\n672,865 \r\n3,077,402 8,853,397 8,478,628 \r\n3,041,064 350,986 867,129 \r\n(22,578,518) \r\n603,225 37,641 \r\n122,783 56,244 \r\n667,907 483,985 376,633 200,726 \r\n- \r\n- \r\n \r\n- \r\n- \r\n- \r\n- \r\n- \r\n- \r\n135,650 \r\n \r\n- \r\n- \r\n- \r\n- \r\n- \r\n326,634 \r\n- \r\n \r\nTOTAL \r\n \r\n$ \r\n \r\n2,160,856 \r\n \r\n14,125,045 1,676,485 \r\n28,841,442 5,884,390 \r\n12,617,222 3,824,292 172,858 \r\n19,738,762 16,551,383 \r\n3,526,278 15,404,612 \r\n5,747,642 1,990,519 1,492,521 1,744,205 3,879,219 1,181,228 \r\n672,865 - \r\n3,077,402 8,853,397 8,478,628 \r\n3,041,064 350,986 867,129 (22,578,518) 603,225 37,641 122,783 56,244 667,907 483,985 376,633 200,726 \r\n326,634 \r\n135,650 \r\n \r\n$ 143,710,200 \r\n \r\n$ \r\n \r\n135,650 \r\n \r\n$ \r\n \r\n2,487,490 \r\n \r\n$ 146,333,340 \r\n \r\n72 \r\n \r\n  STATISTICAL SECTION (Unaudited) \r\n \r\n Atlanta Independent School System \r\nIntroduction to the Statistical Section (Unaudited) \r\n \r\nThis part of Atlanta Independent School Systems Comprehensive Annual Financial Report presents detailed information as a context for understanding this fiscal year's financial statements, note disclosures, and supplementary information. This information is unaudited. \r\n \r\nContents \r\n \r\nSchedule \r\n \r\nFinancial Trends \r\n \r\n1 - 6 \r\n \r\nThese tables contain trend information that may assist the reader in assessing the School System's current \r\n \r\nfinancial performance by placing it in a historical perspective. \r\n \r\nOperating Information \r\n \r\n7 - 13 \r\n \r\nThese tables contain service indicators that can inform ones' understanding how the information in the \r\n \r\nSchool System's financial statements relates to the services the School System provides and the activities it \r\n \r\nperforms. \r\n \r\nDemographic and Economic Information \r\n \r\n14 - 22 \r\n \r\nThese tables present demographic and economic information intended (1) to assist users in understanding \r\n \r\nthe socioeconomic environment within which the School System operates and (2) to provide information \r\n \r\nthat facilitates comparisons of financial statement information over time. \r\n \r\nData Source: Unless otherwise noted, the information in these tables is derived from the Comprehensive Annual Financial Report for the applicable fiscal year. \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM NET POSITION BY COMPONENT LAST TEN FISCAL YEARS Schedule 1 \r\n \r\nFiscal Year Ended June 30, \r\nGovernmental Activities Net investment in capital assets Restricted Unrestricted \r\nTotal Governmental Activities Net Position \r\n \r\n2004 \r\n \r\n2005 \r\n \r\n2006 \r\n \r\n2007 \r\n \r\n2008 \r\n \r\n2009 \r\n \r\n2010 \r\n \r\n2011 \r\n \r\nRestated 2012 \r\n \r\n2013 \r\n \r\n$ 733,997,697 - \r\n95,404,253 829,401,950 \r\n \r\n$ 803,563,172 3,988,606 \r\n115,840,477 923,392,255 \r\n \r\n$ 831,829,656 26,478,370 \r\n125,881,509 984,189,535 \r\n \r\n$ 893,683,701 $ 854,305,957 \r\n \r\n106,980,587 \r\n \r\n182,517,605 \r\n \r\n157,963,991 \r\n \r\n191,270,394 \r\n \r\n1,158,628,279 \r\n \r\n1,228,093,956 \r\n \r\n$ 959,621,519 152,371,189 168,743,024 \r\n1,280,735,732 \r\n \r\n$ 1,056,744,474 111,943,417 128,194,970 \r\n1,296,882,861 \r\n \r\n$ 1,104,601,221 112,855,070 147,834,977 \r\n1,365,291,268 \r\n \r\n$ 1,171,493,160 116,028,486 95,879,455 \r\n1,383,401,101 \r\n \r\n$ 1,187,165,191 119,946,096 106,598,064 \r\n1,413,709,351 \r\n \r\nBusiness-Type Activities Net investment in capital assets Unrestricted (deficit) \r\nTotal Business-Type Activities Net Position \r\n \r\n3,897,068 (22,325,064) (18,427,996) \r\n \r\n5,055,963 (25,805,372) (20,749,409) \r\n \r\n5,776,388 (26,121,644) (20,345,256) \r\n \r\n8,504,052 (9,964,379) (1,460,327) \r\n \r\n484,935 484,935 \r\n \r\n1,972,799 1,972,799 \r\n \r\n2,038,487 2,038,487 \r\n \r\n2,183,644 2,183,644 \r\n \r\n4,893,181 4,893,181 \r\n \r\n141,550 5,481,550 5,623,100 \r\n \r\nPrimary Government Activities Net investment in capital assets Restricted Unrestricted \r\nTotal Primary Government Activities Net Position \r\n \r\n737,894,765 - \r\n73,079,189 $ 810,973,954 \r\n \r\n808,619,135 3,988,606 90,035,105 \r\n$ 902,642,846 \r\n \r\n837,606,044 26,478,370 99,759,865 \r\n$ 963,844,279 \r\n \r\n902,187,753 \r\n \r\n854,305,957 \r\n \r\n106,980,587 \r\n \r\n182,517,605 \r\n \r\n147,999,612 \r\n \r\n191,755,329 \r\n \r\n$ 1,157,167,952 $ 1,228,578,891 \r\n \r\n959,621,519 152,371,189 170,715,823 $ 1,282,708,531 \r\n \r\n1,056,744,474 111,943,417 130,233,457 \r\n$ 1,298,921,348 \r\n \r\n1,104,601,221 112,855,070 150,018,621 \r\n$ 1,367,474,912 \r\n \r\n1,171,493,160 116,028,486 100,772,636 \r\n$ 1,388,294,282 \r\n \r\n1,187,306,741 119,946,096 112,079,614 \r\n$ 1,419,332,451 \r\n \r\nSource: Atlanta Independent School System Financial Reports for previous years and fiscal year ended June 30, 2013. \r\n \r\n73 \r\n \r\n Fiscal Year Ended June 30, Expenses Governmental Activities \r\nInstruction Pupil Services Improvement of instructional services Educational media Federal grant administration General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Community services Other support services Nutrition Interest and fiscal charges Depreciation Total Governmental Activities Expenses \r\nBusiness-Type Activities Food services \r\nTotal Business-Type Activities Expenses \r\nTotal Primary Government Activities Expenses \r\nProgram Revenues Governmental Activities \r\nCharges for Services Instruction Pupil services School administration Maintenance and operation of facilities Other support services Nutrition \r\nOperating Grants and Contributions Instruction Pupil services Improvement of instructional services Educational media Federal grant administration General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Community Services Other support services Nutrition Interest and fiscal charges \r\nCapital Grants and Contributions Instruction Improvement of instructional services Maintenance and operation of facilities Student transportation \r\nTotal Governmental Activities Program Revenues \r\nBusiness-Type Activities Charges for Services Food Services Operating Grants and Contributions Food Services \r\nTotal Business-Type Activities Program Revenues Total Primary Government Activities Program Revenues \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM CHANGE IN NET POSITION LAST TEN FISCAL YEARS Schedule 2 \r\n \r\n2004 \r\n \r\n2005 \r\n \r\n2006 \r\n \r\n2007 \r\n \r\n2008 \r\n \r\n2009 \r\n \r\n2010 \r\n \r\n2011 \r\n \r\n2012 \r\n \r\n2013 \r\n \r\n$ \r\n \r\n424,091,453 $ \r\n \r\n435,352,357 $ \r\n \r\n21,890,649 \r\n \r\n24,009,140 \r\n \r\n21,135,004 \r\n \r\n20,011,373 \r\n \r\n6,746,870 \r\n \r\n7,087,158 \r\n \r\n- \r\n \r\n- \r\n \r\n21,539,082 \r\n \r\n18,908,200 \r\n \r\n24,230,800 \r\n \r\n23,247,406 \r\n \r\n5,482,136 \r\n \r\n6,685,755 \r\n \r\n61,354,665 \r\n \r\n48,321,284 \r\n \r\n15,189,582 \r\n \r\n14,678,214 \r\n \r\n29,129,882 \r\n \r\n26,204,018 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n423,301 \r\n \r\n- \r\n \r\n- \r\n \r\n690,836 \r\n \r\n538,613 \r\n \r\n204,969 \r\n \r\n- \r\n \r\n631,685,928 \r\n \r\n625,466,819 \r\n \r\n393,121,077 $ 29,201,941 31,910,382 11,326,263 \r\n22,244,328 36,313,409 12,973,297 60,098,358 21,658,991 26,764,937 \r\n837,701 \r\n1,855,674 \r\n648,306,358 \r\n \r\n384,275,604 $ 20,424,786 27,779,791 8,112,792 22,613,568 25,103,296 14,960,540 57,871,414 19,865,342 25,086,693 (13,721) 2,267,033 1,031,588 - \r\n609,378,726 \r\n \r\n442,325,531 $ 36,915,697 42,180,829 11,637,527 \r\n18,659,059 34,558,215 11,483,553 91,600,184 42,709,556 32,899,945 \r\n- \r\n9,330,309 - \r\n1,788,213 - \r\n776,088,617 \r\n \r\n427,131,947 $ 36,130,943 38,598,585 9,220,728 15,698,105 26,425,185 24,150,131 88,484,674 53,662,233 38,798,862 3,707,098 2,295,941 - \r\n764,304,432 \r\n \r\n438,036,127 $ 37,303,898 40,427,290 8,394,083 14,110,681 28,239,428 15,327,591 90,747,017 39,593,169 48,566,805 3,350,291 2,022,585 - \r\n766,118,965 \r\n \r\n377,491,180 $ 39,024,421 50,496,694 9,616,559 14,514,905 33,287,126 17,889,836 96,333,469 28,898,209 36,729,914 4,382,181 15,657 2,258,183 \r\n710,938,335 \r\n \r\n405,995,101 $ 29,543,231 38,215,985 \r\n8,958,197 1,118,206 17,882,230 30,826,584 22,610,577 97,084,662 29,770,071 28,379,529 \r\n13,035,152 \r\n358,681 6,418,786 \r\n730,196,992 \r\n \r\n426,037,447 25,105,338 42,917,654 8,869,786 1,973,342 14,324,803 40,648,067 15,157,828 80,783,550 24,892,766 23,304,350 3,011,547 910,473 5,851,816 - \r\n713,788,767 \r\n \r\n26,552,371 26,552,371 \r\n \r\n25,772,181 25,772,181 \r\n \r\n$ \r\n \r\n658,238,299 $ \r\n \r\n651,239,000 $ \r\n \r\n21,711,551 21,711,551 \r\n670,017,909 $ \r\n \r\n19,204,656 19,204,656 \r\n628,583,382 $ \r\n \r\n30,519,130 30,519,130 \r\n806,607,747 $ \r\n \r\n21,752,821 21,752,821 \r\n786,057,253 $ \r\n \r\n23,222,029 23,222,029 \r\n789,340,994 $ \r\n \r\n23,800,532 23,800,532 \r\n734,738,867 $ \r\n \r\n22,705,598 22,705,598 \r\n752,902,590 $ \r\n \r\n23,680,487 23,680,487 \r\n737,469,254 \r\n \r\n$ \r\n \r\n-$ \r\n \r\n-$ \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n187,402,434 6,558,788 17,556,463 30,954 3,756,784 381,845 58,967 379,673 754,227 2,524,240 - \r\n \r\n170,977,158 8,414,003 \r\n16,447,379 182,646 - \r\n4,151,612 238,704 366,225 27,511 \r\n1,409,015 1,105,539 \r\n1,444,714 \r\n- \r\n \r\n2,717,420 - \r\n222,121,795 \r\n \r\n2,230,799 - \r\n206,995,305 \r\n \r\n-$ 2,097,124 - \r\n176,215,716 7,400,136 \r\n11,712,590 1,491,330 \r\n4,516,383 \r\n355,600 1,115,379 \r\n261,388 1,960,211 \r\n104,874 - \r\n677,385 - \r\n8,927 - \r\n1,640,644 209,611,500 \r\n \r\n1,004,517 $ - \r\n1,067,404 - \r\n156,075,020 14,951,701 16,073,230 2,424,655 \r\n3,336,077 6,065,020 1,102,416 8,740,838 5,206,251 \r\n984,451 65,551 7,365,780 \r\n- \r\n1,191,630 225,654,541 \r\n \r\n114,350 $ - \r\n3,749,416 \r\n168,958,774 18,133,132 16,110,597 3,745,884 \r\n3,104,288 3,498,951 9,106,449 9,262,487 5,337,639 \r\n660,429 226,806 1,307,102 \r\n- \r\n2,207,605 653,047 246,176,956 \r\n \r\n140,047 $ - \r\n1,246,236 - \r\n767,347 \r\n108,327,712 20,282,835 20,193,588 2,899,356 5,788,541 5,874,998 3,933,403 17,293,612 8,537,786 7,680,398 2,811,038 12,691 - \r\n205,789,588 \r\n \r\n90,084 $ - \r\n995,042 - \r\n754,773 \r\n110,873,809 14,470,057 27,647,132 1,404,768 3,705,087 6,841,227 2,925,304 15,521,798 8,286,759 9,984,164 2,116,177 - \r\n205,616,181 \r\n \r\n31,492 $ - \r\n783,989 670,918 \r\n- \r\n111,426,958 18,641,247 33,328,056 2,000,787 5,053,926 7,958,215 4,077,543 20,416,518 6,735,023 9,260,421 2,845,306 14,696 - \r\n25,367,686 - \r\n248,612,781 \r\n \r\n3,490 $ \r\n996,731 724,400 \r\n- \r\n110,219,318 11,780,166 30,489,786 1,118,206 7,689,306 7,325,735 4,105,440 22,290,143 8,218,788 7,961,419 4,210,388 358,681 2,520,803 \r\n8,803,308 - \r\n228,816,108 \r\n \r\n2,591 3,373,883 \r\n1,158,726 \r\n113,724,544 8,489,114 34,826,333 2,223,907 1,973,342 6,213,208 10,237,170 3,227,896 18,353,454 6,767,808 5,947,248 2,467,522 407,762 3,659,230 3,904,228 135,500 135,650 227,229,116 \r\n \r\n1,966,090 \r\n \r\n3,566,337 \r\n \r\n20,250,537 \r\n \r\n18,088,139 \r\n \r\n22,216,627 \r\n \r\n21,654,476 \r\n \r\n$ \r\n \r\n244,338,422 $ \r\n \r\n228,649,781 $ \r\n \r\n2,580,828 \r\n18,265,689 20,846,517 230,458,017 $ \r\n \r\n2,534,746 \r\n19,068,852 21,603,598 247,258,139 $ \r\n \r\n2,187,375 \r\n20,877,018 23,064,393 269,241,349 $ \r\n \r\n2,291,777 \r\n20,948,908 23,240,685 229,030,273 $ \r\n \r\n1,836,912 \r\n21,442,603 23,279,515 228,895,696 $ \r\n \r\n1,695,061 \r\n22,233,560 23,928,621 272,541,402 $ \r\n \r\n1,638,841 \r\n23,774,887 25,413,728 254,229,836 $ \r\n \r\n1,279,087 \r\n23,131,319 24,410,406 251,639,522 \r\n \r\n74 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM CHANGE IN NET POSITION LAST TEN FISCAL YEARS Schedule 2 \r\n \r\nFiscal Year Ended June 30, \r\nNet (Expense)/Revenue Governmental Activities \r\nInstruction Pupil Services Improvement of instructional services Educational media General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Community Services Other support services Nutrition Interest and fiscal charges Depreciation Total Governmental Activities Net (Expenses)/Revenues \r\n \r\n2004 \r\n \r\n2005 \r\n \r\n$ (233,971,599) $ (262,144,400) $ \r\n \r\n(15,331,861) \r\n \r\n(15,595,137) \r\n \r\n(3,578,541) \r\n \r\n(3,563,994) \r\n \r\n(6,715,916) \r\n \r\n(6,904,512) \r\n \r\n(17,782,298) \r\n \r\n(14,756,588) \r\n \r\n(23,848,955) \r\n \r\n(23,008,702) \r\n \r\n(5,482,136) \r\n \r\n(6,319,530) \r\n \r\n(61,295,698) \r\n \r\n(48,293,773) \r\n \r\n(14,809,909) \r\n \r\n(13,269,199) \r\n \r\n(28,375,655) \r\n \r\n(25,098,479) \r\n \r\n- \r\n \r\n- \r\n \r\n2,524,240 \r\n \r\n1,021,413 \r\n \r\n- \r\n \r\n- \r\n \r\n(690,836) \r\n \r\n(538,613) \r\n \r\n(204,969) \r\n \r\n- \r\n \r\n(409,564,133) \r\n \r\n(418,471,514) \r\n \r\nBusiness-Type Activities Food Services \r\nTotal Business-Type Activities Net (Expenses)/Revenues \r\n \r\n(4,335,744) (4,335,744) \r\n \r\n(4,117,705) (4,117,705) \r\n \r\nTotal Primary Government Activities Net Expense \r\n \r\n$ (413,899,877) $ (422,589,219) $ \r\n \r\nGeneral Revenues and Other Charges in Net Position Governmental Activities \r\nTaxes \r\n \r\nProperty Taxes levied for general purposes Property Taxes levied for debt Services Special Local Option Sales Tax \u0026 Other Taxes Grants and Contributions not restricted to specific programs Investment Earnings Other Gain on sale of capital assets Transfers Extraordinary items Total Governmental Activities \r\n \r\n$ \r\n \r\n373,487,358 $ \r\n \r\n377,215,701 $ \r\n \r\n- \r\n \r\n- \r\n \r\n85,604,946 \r\n \r\n91,202,366 \r\n \r\n- \r\n \r\n- \r\n \r\n1,995,307 \r\n \r\n4,658,043 \r\n \r\n3,786,290 \r\n \r\n5,900,535 \r\n \r\n- \r\n \r\n- \r\n \r\n(1,592,485) \r\n \r\n(1,796,292) \r\n \r\n- \r\n \r\n- \r\n \r\n463,281,416 \r\n \r\n477,180,353 \r\n \r\nBusiness-Type Activities Investment Earnings Transfers Other \r\nTotal Business-Type Activities Total Primary Government Activities \r\n \r\n- \r\n \r\n- \r\n \r\n1,592,485 \r\n \r\n1,796,292 \r\n \r\n- \r\n \r\n- \r\n \r\n1,592,485 \r\n \r\n1,796,292 \r\n \r\n$ \r\n \r\n464,873,901 $ \r\n \r\n478,976,645 $ \r\n \r\nChange in Net Position Governmental Activities Business-Type Activities \r\nTotal Primary Government \r\n \r\n$ \r\n \r\n53,717,283 $ \r\n \r\n58,708,839 $ \r\n \r\n(2,743,259) \r\n \r\n(2,321,413) \r\n \r\n$ \r\n \r\n50,974,024 $ \r\n \r\n56,387,426 $ \r\n \r\nSource: Notes: \r\n \r\nAtlanta Independent School System Financial Reports for previous years and fiscal year ended June 30, 2013 \r\nRestatement in year 2008 due to prior period adjustments for change in accounting principle and estimates. In fiscal year 2008, change in pension expense allocation. In fiscal year 2007, change in allocation of capital assets. Changes in Instruction support 2007 to 2008 due to proper allocation of salary and benefits in 2008. GASB 34 implemented in 2002. In fiscal year 2010, sales tax decreased due to sales tax refund/repayment. Decrease in Sales Tax revenue in fiscal year 2011 due in part to the economic downturn. Decrease in Sales Tax revenue in fiscal year 2012 due in part to the economic downturn. \r\n \r\n2006 \r\n \r\n2007 \r\n \r\n(216,896,434) $ (21,801,805) (20,197,792) (9,834,933) (17,727,945) (33,860,685) (11,857,918) (59,836,970) (18,058,136) (26,660,063) (106,503) (1,855,674) (438,694,858) \r\n \r\n(227,196,067) $ (5,473,085) (11,706,561) (5,688,137) (19,277,491) (19,038,276) (13,858,124) (48,063,172) (13,467,461) (24,102,242) 79,272 5,098,747 (1,031,588) - \r\n(383,724,185) \r\n \r\n(865,034) (865,034) \r\n(439,559,892) $ \r\n \r\n2,398,942 2,398,942 \r\n(381,325,243) $ \r\n \r\n361,839,014 $ - \r\n117,933,347 9,411,373 7,319,327 6,316,574 2,505,987 (1,036,966) - \r\n504,288,656 \r\n \r\n436,902,846 $ 1,036,250 \r\n121,568,835 - \r\n13,315,151 15,129,339 \r\n3,129,377 (16,416,074) (1,981,811) 572,683,913 \r\n \r\n59,711 1,036,966 \r\n1,096,677 505,385,333 $ \r\n \r\n(9,535) 16,416,074 \r\n79,445 16,485,984 589,169,897 $ \r\n \r\n65,593,798 $ 231,643 \r\n65,825,441 $ \r\n \r\n188,959,728 $ 18,884,926 \r\n207,844,654 $ \r\n \r\n75 \r\n \r\n2008 \r\n \r\n2009 \r\n \r\n2010 \r\n \r\n2011 \r\n \r\n2012 \r\n \r\n2013 \r\n \r\n(273,252,407) $ (18,782,565) (26,070,232) (7,891,643) (15,554,771) (31,059,264) (2,377,104) (80,130,092) (36,718,870) (32,239,516) (8,023,207) 226,806 3,749,416 (1,788,213) (529,911,661) \r\n \r\n(318,664,187) $ (15,848,107) (18,404,997) (6,321,372) (9,909,564) (20,550,187) (20,216,730) (69,944,826) (45,124,446) (31,118,464) 2,811,038 (3,707,098) 780,038 (2,295,941) (558,514,843) \r\n \r\n(327,072,234) $ (22,833,841) (12,780,158) (6,989,315) (10,405,594) (21,398,201) (12,402,287) (74,230,177) (31,306,410) (38,582,641) 2,116,177 (3,350,291) 754,773 (2,022,585) (560,502,784) \r\n \r\n(240,665,044) $ (20,383,174) (17,168,638) (7,615,772) (9,460,979) (25,328,911) (13,812,293) (75,132,962) (22,163,186) (27,469,493) (865,957) (961) (2,258,183) (462,325,554) \r\n \r\n(286,968,985) $ (17,763,065) (7,726,199) (8,958,197) (10,192,924) (23,500,849) (18,505,137) (73,797,788) (21,551,283) (20,418,110) (8,100,364) (3,897,983) (501,380,884) \r\n \r\n(308,406,084) (13,242,341) (7,955,821) (6,645,879) (8,111,595) (30,410,897) (11,929,932) (61,135,720) (18,124,958) (17,357,102) (544,025) (502,711) (2,192,586) (486,559,651) \r\n \r\n(7,454,737) (7,454,737) \r\n(537,366,398) $ \r\n \r\n1,487,864 1,487,864 \r\n(557,026,979) $ \r\n \r\n57,486 57,486 \r\n(560,445,298) $ \r\n \r\n128,089 128,089 \r\n(462,197,465) $ \r\n \r\n2,708,130 2,708,130 \r\n(498,672,754) $ \r\n \r\n729,919 729,919 \r\n(485,829,732) \r\n \r\n470,036,120 $ 1,153,847 \r\n115,735,907 1,347,241 13,648,335 6,855,522 (9,400,000) - \r\n599,376,972 \r\n \r\n479,629,504 $ 1,262,460 \r\n108,957,224 4,328,538 6,419,960 15,296,550 528,432 - \r\n616,422,668 \r\n \r\n498,921,379 $ 1,271,739 63,438,076 1,306,947 230,484 10,583,834 897,453 - \r\n576,649,912 \r\n \r\n469,310,346 $ 1,174,306 52,901,075 1,310,441 124,833 5,298,494 614,466 - \r\n530,733,961 \r\n \r\n414,313,637 $ 1,111,471 93,699,732 11,613,166 134,088 - \r\n520,872,094 \r\n \r\n416,364,236 1,910,601 85,376,919 20,946,374 198,096 (7,928,325) \r\n516,867,901 \r\n \r\n9,400,000 \r\n9,400,000 608,776,972 $ \r\n \r\n616,422,668 $ \r\n \r\n8,202 - \r\n8,202 576,658,114 $ \r\n \r\n17,068 - \r\n17,068 530,751,029 $ \r\n \r\n1,407 - \r\n1,407 520,873,501 $ \r\n \r\n516,867,901 \r\n \r\n69,465,311 $ 1,945,263 \r\n71,410,574 $ \r\n \r\n57,907,825 $ 1,487,864 \r\n59,395,689 $ \r\n \r\n16,147,128 $ 65,688 \r\n16,212,816 $ \r\n \r\n68,408,407 $ 145,157 \r\n68,553,564 $ \r\n \r\n19,491,818 $ 2,709,537 \r\n22,201,355 $ \r\n \r\n30,308,250 729,919 \r\n31,038,169 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nGOVERNMENTAL FUND BALANCES LAST TEN FISCAL YEARS Schedule 3 \r\n \r\nFiscal Year Ended June 30, \r\nPre-GASB 54 General Fund \r\nReserved Unreserved Total General Fund \r\nAll Other Governmental Funds Reserved Unreserved, reported in: \r\nCapital Project Funds Special Revenue Funds Total All Other Governmental Funds \r\nTotal \r\n \r\n2004 \r\n \r\n2005 \r\n \r\n2006 \r\n \r\n2007 \r\n \r\n2008 \r\n \r\n2009 \r\n \r\n2010 \r\n \r\n$ 11,159,630 $ 7,325,684 $ 13,692,102 $ 21,785,030 $ 20,198,038 $ 72,359,684 $ 33,799,205 \r\n \r\n37,292,448 \r\n \r\n68,098,575 \r\n \r\n73,372,473 \r\n \r\n91,809,975 131,566,427 \r\n \r\n85,541,272 \r\n \r\n75,928,012 \r\n \r\n48,452,078 \r\n \r\n75,424,259 \r\n \r\n87,064,575 \r\n \r\n113,595,005 151,764,465 \r\n \r\n157,900,956 \r\n \r\n109,727,217 \r\n \r\n70,077 \r\n \r\n70,078 \r\n \r\n22,216,154 \r\n \r\n103,139,827 168,623,662 \r\n \r\n149,939,551 \r\n \r\n136,951,993 \r\n \r\n32,778,625 17,571,631 50,420,333 \r\n \r\n30,060,165 11,868,263 41,998,506 \r\n \r\n39,512,697 12,177,524 73,906,375 \r\n \r\n34,183,429 12,652,472 149,975,728 \r\n \r\n23,702,646 14,193,822 206,520,130 \r\n \r\n11,995,289 161,934,840 \r\n \r\n11,767,769 148,719,762 \r\n \r\n$ 98,872,411 $ 117,422,765 $ 160,970,950 $ 263,570,733 $ 358,284,595 $ 319,835,796 $ 258,446,979 \r\n \r\nGASB 54 General Fund \r\nNonspendable Restricted Committed Assigned Unassigned Total General Fund \r\n \r\n2011 \r\n \r\n2012 \r\n \r\n2013 \r\n \r\n$ \r\n \r\n456,347 $ 1,023,447 $ 2,396,733 \r\n \r\n1,104,717 \r\n \r\n299,867 \r\n \r\n395,553 \r\n \r\n16,995,134 \r\n \r\n1,589,097 \r\n \r\n1,139,666 \r\n \r\n16,000,000 \r\n \r\n28,351,208 \r\n \r\n25,300,000 \r\n \r\n46,711,357 \r\n \r\n50,754,070 \r\n \r\n55,989,982 \r\n \r\n81,267,555 \r\n \r\n82,017,689 \r\n \r\n85,221,934 \r\n \r\nAll Other Governmental Funds Nonspendable Restricted Assigned \r\nTotal All Other Governmental Funds \r\n \r\n111,750,353 \r\n31,109,255 142,859,608 \r\n \r\n162,298,650 \r\n23,492,850 185,791,500 \r\n \r\n2,660,568 119,684,839 \r\n17,583,328 139,928,735 \r\n \r\nTotal \r\n \r\n$ 224,127,163 $ 267,809,189 $ 225,150,669 \r\n \r\nSource: Note: \r\n \r\nAtlanta Independent School System Financial Report for previous years and fiscal year ended June 30, 2013. GASB Statement number 54 established a hierarchy of fund balance classifications based primarily on the extent to which governments are bound by constraints placed on resources. The effective date for implementation of GASB 54 was for periods beginning after June 15, 2010. Presentation for years 2004-2010 is pre GASB 54. Fiscal Year 2011 is when the standard was implemented. \r\n \r\n76 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM CHANGES IN GOVERNMENTAL FUND BALANCES \r\nLAST TEN FISCAL YEARS Schedule 4 \r\n \r\nFiscal Year Ended June 30, Revenues \r\nLocal taxes Sales taxes income State revenues Federal revenues Investment income Facility rental fees Tuition charges Charges for services Other \r\nTotal Revenues \r\nExpenditures Current Expenditures Instruction Support Services: Pupil Services Improvement of instructional services Educational media Federal grant administration General administration School administration Business administration Maintenance and operation of facilities Student transportation Central Support Other support services Nutrition Other Other Operations of Non-Instructional Services Capital Outlays Debt Service: Principal Interest and fiscal cgharges \r\nTotal Expenditures \r\n \r\n2004 \r\n \r\n2005 \r\n \r\n2006 \r\n \r\n2007 \r\n \r\n2008 \r\n \r\n2009 \r\n \r\n2010 \r\n \r\n2011 \r\n \r\n2012 \r\n \r\n2013 \r\n \r\n$ 365,523,133 $ 370,256,829 $ 369,492,043 $ 415,687,665 $ 471,313,094 $ 507,895,487 ########### $ 445,986,671 $ 445,177,849 $ 413,467,525 \r\n \r\n85,604,946 \r\n \r\n91,202,366 \r\n \r\n115,953,787 \r\n \r\n122,980,958 \r\n \r\n106,562,802 \r\n \r\n103,765,261 95,443,229 \r\n \r\n57,678,243 \r\n \r\n93,097,083 \r\n \r\n85,979,568 \r\n \r\n152,497,189 \r\n \r\n137,310,665 \r\n \r\n141,640,201 \r\n \r\n151,924,389 \r\n \r\n163,747,188 \r\n \r\n129,106,908 110,942,787 132,033,597 142,661,322 \r\n \r\n146,333,340 \r\n \r\n63,594,376 \r\n \r\n65,118,135 \r\n \r\n66,535,863 \r\n \r\n71,658,231 \r\n \r\n71,651,548 \r\n \r\n70,336,278 82,463,268 \r\n \r\n84,046,858 \r\n \r\n75,794,627 \r\n \r\n67,825,396 \r\n \r\n1,995,307 \r\n \r\n4,658,043 \r\n \r\n7,319,327 \r\n \r\n13,315,151 \r\n \r\n13,648,335 \r\n \r\n6,419,960 \r\n \r\n410,218 \r\n \r\n282,686 \r\n \r\n134,088 \r\n \r\n198,096 \r\n \r\n709,320 \r\n \r\n876,965 \r\n \r\n949,298 \r\n \r\n- \r\n \r\n1,604,301 \r\n \r\n1,246,236 \r\n \r\n995,042 \r\n \r\n783,989 \r\n \r\n996,731 \r\n \r\n1,158,726 \r\n \r\n45,748 \r\n \r\n11,707 \r\n \r\n243,698 \r\n \r\n- \r\n \r\n114,350 \r\n \r\n140,047 \r\n \r\n90,084 \r\n \r\n31,492 \r\n \r\n3,490 \r\n \r\n2,591 \r\n \r\n- \r\n \r\n- \r\n \r\n904,128 \r\n \r\n2,071,921 \r\n \r\n3,749,416 \r\n \r\n767,348 \r\n \r\n754,773 \r\n \r\n670,918 \r\n \r\n724,400 \r\n \r\n3,373,883 \r\n \r\n9,545,822 \r\n \r\n9,578,369 \r\n \r\n15,066,259 \r\n \r\n15,884,882 \r\n \r\n13,512,915 \r\n \r\n23,817,861 22,081,274 \r\n \r\n13,897,009 \r\n \r\n20,717,752 \r\n \r\n31,594,799 \r\n \r\n679,515,841 \r\n \r\n679,013,079 \r\n \r\n718,104,604 \r\n \r\n793,523,197 \r\n \r\n845,903,950 \r\n \r\n843,495,386 807,006,466 735,411,463 779,307,342 \r\n \r\n749,933,924 \r\n \r\n405,869,137 \r\n21,853,555 21,181,874 \r\n6,738,907 - \r\n13,504,910 24,230,800 \r\n5,482,136 61,539,367 13,022,959 30,515,657 \r\n526,684 - \r\n169,069,406 \r\n6,066,632 690,836 \r\n780,292,860 \r\n \r\n395,383,620 \r\n23,972,046 20,071,788 \r\n7,080,214 - \r\n9,832,227 23,525,692 \r\n6,795,841 48,442,054 12,815,478 26,393,782 \r\n220,262 - \r\n107,635,321 \r\n4,386,236 538,613 \r\n687,093,174 \r\n \r\n358,003,139 \r\n28,296,328 31,811,061 11,128,439 \r\n15,066,526 35,579,029 12,959,536 59,941,395 19,331,040 26,567,407 \r\n796,364 48,270 78,371,573 \r\n2,700,668 403,266 \r\n681,004,041 \r\n \r\n405,189,908 \r\n23,654,225 31,501,828 \r\n9,119,001 - \r\n15,833,120 28,207,534 15,632,317 60,202,421 17,344,114 28,680,154 \r\n2,386,576 56,735,237 \r\n3,840,761 - \r\n698,327,196 \r\n \r\n373,703,960 \r\n33,795,599 38,823,821 10,507,784 \r\n17,134,640 32,147,765 23,625,597 84,456,521 37,822,559 29,586,277 \r\n983,284 49,014 - \r\n7,974,781 67,911,787 \r\n2,387,590 1,788,213 \r\n762,699,192 \r\n \r\n394,246,196 403,804,829 \r\n \r\n35,859,316 38,318,666 \r\n9,081,715 - \r\n15,572,414 26,227,397 17,182,008 89,297,173 51,723,141 38,517,074 \r\n3,676,062 12,500 - \r\n151,389,516 \r\n \r\n36,234,070 39,447,284 \r\n8,145,710 - \r\n13,763,790 27,509,235 15,934,176 90,301,296 36,256,980 47,399,446 \r\n3,274,650 139,770,104 \r\n \r\n6,800,416 2,295,941 \r\n880,199,535 \r\n \r\n2,022,585 5,755,506 \r\n869,619,661 \r\n \r\n373,889,853 \r\n38,474,947 49,820,431 \r\n9,446,870 - \r\n14,320,518 32,841,337 16,837,414 96,145,841 26,016,620 36,238,019 \r\n4,323,494 15,657 - \r\n170,374,153 \r\n5,934,366 1,803,937 \r\n877,950,004 \r\n \r\n369,977,089 \r\n29,461,159 38,215,985 \r\n8,916,740 1,118,206 17,882,230 30,826,584 16,653,106 98,718,040 27,596,737 28,294,967 13,035,152 \r\n358,681 - \r\n46,053,815 \r\n7,904,791 5,331,323 \r\n740,344,605 \r\n \r\n384,975,252 \r\n25,023,266 42,917,654 \r\n8,828,329 1,973,342 14,324,803 40,648,067 12,509,036 77,738,813 22,567,164 23,304,350 3,011,547 \r\n910,473 - \r\n117,779,131 \r\n9,538,823 6,684,960 \r\n792,735,010 \r\n \r\n77 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM CHANGES IN GOVERNMENTAL FUND BALANCES \r\nLAST TEN FISCAL YEARS Schedule 4 \r\n \r\nFiscal Year Ended June 30, \r\nExcess / (Deficiency) of Revenues over (under) Expenditures \r\nOther Financing Sources (Uses) Proceeds from Bonds Premium on bonds Proceeds from Capital Leases Proceeds from sale of capital assets Proceeds from issuance of note payables Transfers in Transfers out \r\nTotal Other Financing Sources/(Uses) \r\nExtraordinary Items \r\nNet Change in Fund Balances \r\nFund Balance at Beginning of Fiscal Year \r\nPrior Period Corrections Change in accounting practice FUND BALANCE AT END OF FISCAL YEAR \r\n \r\n2004 (100,777,019) \r\n \r\n2005 (8,080,095) \r\n \r\n2006 37,100,563 \r\n \r\n2007 95,196,001 \r\n \r\n2008 83,204,756 \r\n \r\n2009 (36,704,149) \r\n \r\n2010 (62,613,195) \r\n \r\n2011 (142,538,541) \r\n \r\n2012 38,962,737 \r\n \r\n2013 (42,801,086) \r\n \r\n13,270,248 - \r\n2,952,010 - \r\n18,158,072 (19,750,557) \r\n14,629,773 \r\n \r\n11,875,815 - \r\n18,128,500 (19,924,792) \r\n10,079,523 \r\n \r\n3,907,884 - \r\n3,131,798 40,000 \r\n19,874,172 (19,874,172) \r\n7,079,682 \r\n \r\n3,921,678 - \r\n2,638,066 3,169,238 10,115,000 27,635,695 (44,051,769) \r\n3,427,908 \r\n \r\n20,000,000 909,104 25,307,215 (34,707,215) \r\n11,509,104 \r\n \r\n932,980 34,055,410 (34,055,410) \r\n932,980 \r\n \r\n1,224,378 44,664,147 (44,664,147) \r\n1,224,378 \r\n \r\n104,415,000 3,097,709 706,016 - \r\n10,974,126 (10,974,126) \r\n108,218,725 \r\n \r\n4,467,505 251,784 600,090 (600,090) \r\n4,719,289 \r\n \r\n142,566 5,925,802 (5,925,802) \r\n142,566 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n(1,981,811) \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n(86,147,246) \r\n \r\n1,999,428 \r\n \r\n44,180,245 \r\n \r\n96,642,098 \r\n \r\n94,713,862 \r\n \r\n(35,771,169) (61,388,817) (34,319,816) \r\n \r\n43,682,026 \r\n \r\n(42,658,520) \r\n \r\n185,019,657 \r\n \r\n115,423,338 \r\n \r\n116,292,413 \r\n \r\n166,928,634 \r\n \r\n263,570,733 \r\n \r\n355,606,965 \r\n \r\n323,846,887 \r\n \r\n258,446,979 \r\n \r\n224,127,163 \r\n \r\n267,809,189 \r\n \r\n- \r\n \r\n- \r\n \r\n498,296 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n(4,011,091) \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n$ 98,872,411 $ 117,422,766 $ 160,970,954 $ 263,570,733 $ 358,284,596 $ 319,835,796 $ 258,446,979 $ 224,127,163 $ 267,809,189 $ 225,150,669 \r\n \r\nFUND BALANCE AT END OF FISCAL YEAR Debt service as a percentage of noncapital expenditures \r\n \r\n98,872,411 0.87% \r\n \r\n117,422,766 0.72% \r\n \r\n160,970,954 0.46% \r\n \r\n263,570,733 0.60% \r\n \r\n358,284,596 0.60% \r\n \r\n319,835,796 1.26% \r\n \r\n258,446,979 1.08% \r\n \r\n224,127,163 1.30% \r\n \r\n267,809,189 1.94% \r\n \r\n225,150,669 2.46% \r\n \r\nSource: Atlanta Independent School System Financial Reports for previous years and fiscal year ended June 30, 2013. \r\n \r\nNotes: \r\n \r\nExtraordinary item in 2007 closing of two charter schools. Changes in Instruction support 2007 to 2008 due to proper allocation of salary and benefits in 2008. In fiscal year 2008 change in pension expenditure. Large fluctuations in expenditures due to reclasses within functions in FY2009-2011 . Decrease in Sales tax income between FY10 and FY11 was due in part to the adjustment for overpayement of SPLOST proceeds. \r\n \r\n78 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM GENERAL FUND EXPENDITURES BY FUNCTION \r\nLAST TEN FISCAL YEARS Schedule 5 \r\n \r\nFiscal Year 2004 \r\n \r\nInstruction 1 359,444,397 \r\n \r\n2005 \r\n \r\n360,922,790 \r\n \r\n2006 \r\n \r\n328,733,992 \r\n \r\n2007 \r\n \r\n371,030,700 \r\n \r\n2008 \r\n \r\n346,276,544 \r\n \r\n2009 \r\n \r\n385,984,855 \r\n \r\n2010 2011 \r\n \r\n4 397,022,707 4 370,061,246 \r\n \r\n2012 \r\n \r\n354,658,932 \r\n \r\n2013 \r\n \r\n375,555,820 \r\n \r\nPupil Services 15,259,936 15,635,773 20,886,301 10,491,218 16,742,092 20,045,172 19,336,072 24,014,862 23,126,330 22,019,608 \r\n \r\nGeneral and Admin. Services 52,257,050 23,265,642 42,964,459 34,463,418 41,041,883 36,636,052 36,787,333 42,918,150 43,942,259 49,946,736 \r\n \r\nBusiness Services 2 68,966,619 65,285,140 85,768,267 87,064,138 140,274,918 133,410,584 136,817,366 133,081,824 136,262,413 105,425,858 \r\n \r\nCapital Outlay - \r\n3,029,090 - \r\n2,638,066 8,257,558 \r\n- \r\n \r\nOther 3 37,341,209 34,293,523 31,105,339 31,071,989 39,184,963 42,590,714 40,770,273 39,937,929 46,644,887 23,440,250 \r\n \r\nTotal \r\n \r\ntotal current expenditures \r\n% of change from prior year \r\n \r\ntotal capital outlay total expenditures \r\n \r\n% of change from % of change from \r\n \r\nprior year \r\n \r\nprior year \r\n \r\n533,269,211 \r\n \r\n1.32% \r\n \r\n0.00% \r\n \r\n3.11% \r\n \r\n502,431,958 \r\n \r\n-6.21% \r\n \r\n100.00% \r\n \r\n-5.78% \r\n \r\n509,458,358 \r\n \r\n2.85% \r\n \r\n0.00% \r\n \r\n1.40% \r\n \r\n536,759,529 \r\n \r\n5.16% \r\n \r\n100.00% \r\n \r\n5.36% \r\n \r\n591,777,958 \r\n \r\n8.21% \r\n \r\n68.05% \r\n \r\n10.25% \r\n \r\n618,667,377 \r\n \r\n5.83% \r\n \r\n0.00% \r\n \r\n4.54% \r\n \r\n630,733,751 \r\n \r\n2.41% \r\n \r\n0.00% \r\n \r\n1.95% \r\n \r\n610,014,011 \r\n \r\n-3.37% \r\n \r\n0.00% \r\n \r\n-3.29% \r\n \r\n604,634,821 \r\n \r\n-2.12% \r\n \r\n0.00% \r\n \r\n-0.88% \r\n \r\n576,388,272 \r\n \r\n-0.90% \r\n \r\n0.00% \r\n \r\n-4.67% \r\n \r\nSource: Notes: \r\n \r\nAtlanta Independent School System Financial Reports for previous years and fiscal year ended June 30, 2013. \r\n1 Instruction includes Improvement of Instructional Services and Educational Media. 2 Business Services includes Business Administration , Maintenance and Facilites, and Student Transportation. 3 Other includes Central Support, Community Services, Other Operations, Principal and Interest. 4 Expenditures for Charter Schools were reclassed to Instruction in fiscal year 2010 and 2011. \r\n \r\n79 \r\n \r\n Fiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 \r\nSource: \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM \r\nGENERAL FUND REVENUES BY SOURCE LAST TEN FISCAL YEARS Schedule 6 \r\n \r\nTaxes 362,726,900 370,256,829 384,221,179 430,844,808 480,152,929 514,075,346 493,825,791 445,986,671 445,177,849 413,467,525 \r\n \r\nState Grants 141,848,193 124,113,881 133,943,879 145,105,716 154,892,058 122,514,004 107,237,545 127,235,844 140,134,932 143,710,200 \r\n \r\nFederal Grants 1,153,791 1,326,039 3,870,753 1,112,951 1,347,241 4,328,538 \r\n15,452,007 10,747,543 \r\n1,409,596 1,315,257 \r\n \r\nOther 8,086,373 \r\n13,084,964 15,437,607 19,069,158 17,353,301 16,548,410 \r\n9,262,323 7,841,900 14,525,430 26,882,771 \r\n \r\nTotal 513,815,257 508,781,713 537,473,418 596,132,633 653,745,529 657,466,298 625,777,666 591,811,958 601,247,807 585,375,753 \r\n \r\nAtlanta Independent School System Financial Reports for previous years and fiscal year ended June 30, 2013. \r\n \r\nLocal 71% 73% 71% 72% 73% 78% 79% 75% 74% 71% \r\n \r\n% of total \r\n \r\nState \r\n \r\nFederal \r\n \r\n27.61% \r\n \r\n0.22% \r\n \r\n24.39% \r\n \r\n0.26% \r\n \r\n24.92% \r\n \r\n0.72% \r\n \r\n24.34% \r\n \r\n0.19% \r\n \r\n23.69% \r\n \r\n0.21% \r\n \r\n18.63% \r\n \r\n0.66% \r\n \r\n17.14% \r\n \r\n2.47% \r\n \r\n21.50% \r\n \r\n1.82% \r\n \r\n23.31% \r\n \r\n0.23% \r\n \r\n24.55% \r\n \r\n0.22% \r\n \r\nOther 1.57% 2.57% 2.87% 3.20% 2.65% 2.52% 1.48% 1.33% 2.42% 4.59% \r\n \r\n80 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM ASSESSED AND ESTIMATED ACTUAL VALUE OF \r\nTAXABLE PROPERTY LAST TEN FISCAL YEARS \r\nSchedule 7 \r\n \r\nFiscal Year Ended 4 December 31, 2004 December 31, 2005 June 30, 2006 June 30, 2007 June 30, 2008 June 30, 2009 June 30, 2010 June 30, 2011 June 30, 2012 June 30, 2013 \r\n \r\nResidential Property 10,282,698,452 10,842,205,309 11,954,278,920 13,202,618,136 13,980,076,949 13,611,726,261 12,749,326,810 12,609,751,900 11,506,413,986 10,896,664,314 \r\n \r\nCommercial Property 7,433,699,007 7,255,025,020 8,069,483,015 9,744,120,546 13,067,992,615 11,379,465,585 11,746,535,282 10,924,151,062 11,148,297,009 10,752,062,104 \r\n \r\nIndustrial Property 308,725,135 618,322,584 699,409,813 776,908,905 1,031,326,231 801,084,215 806,421,455 775,954,220 758,400,890 723,400,082 \r\n \r\nOther Property 1 1,626,457,946 1,590,005,363 1,621,488,855 1,595,456,173 1,615,241,347 1,758,938,922 1,542,422,321 1,525,316,851 1,528,992,043 1,658,974,465 \r\n \r\nLess Tax-Exempt Property 2 \r\n1,732,722,383 186,756,118 \r\n1,720,017,791 1,887,341,520 2,093,949,974 2,409,353,965 2,831,876,995 2,731,195,758 2,880,803,214 2,660,010,749 \r\n \r\nTotal Taxable Assessed Value 3 \r\n17,918,858,157 20,118,802,158 20,624,642,812 23,431,762,240 27,600,687,168 25,141,861,018 24,012,828,873 23,103,978,275 22,061,300,714 21,371,090,216 \r\n \r\nSource: Notes: \r\n \r\nStatistical section of the City of Atlanta, Georgia Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2013. \r\n1 Other Property consist of Historical, Agricultural, Conservation, Utility, Motor Vehicle, Heavy Equipment, Timber, Motor Homes, etc. 2 Tax Exempt Property consist of Basic Homestead, Elderly, Disabled Veteran, Freeport, etc. 3 Assessed values are established by the Fulton \u0026 DeKalb Counties Board of Tax Assessors on January 1 of each year at 40% of the market value \r\nas required by State Law. 4 The City of Atlanta changed from a December 31 fiscal year to a June 30 fiscal year in 2006. \r\n \r\nTotal Direct Tax Rate 31.00% 30.09% 32.13% 31.61% 30.49% 30.49% 33.63% 33.63% 33.63% 33.68% \r\n \r\n81 \r\n \r\n Fiscal Year Ended 4 \r\n \r\nGeneral Levy \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM PROPERTY TAX RATES - ALL OVERLAPPING GOVERNMENTS \r\n(Per $1,000 Assessed Value) LAST TEN FISCAL YEARS Schedule 8 \r\n \r\nCity Direct Rates \r\n \r\nSchool Levy \r\n \r\nParks Levy \r\n \r\nCity \r\nBond Levy \r\n \r\nSchool \r\nBond Levy \r\n \r\nTotal Direct \r\nTax Rate 2 \r\n \r\nAtlanta/ \r\nDeKalb County Special \r\nTax District \r\n \r\nDowntown \r\nImprovement District Special Tax District 1 \r\n \r\nOverlapping Rates \r\n \r\nCounty Levy 3 \r\n \r\nFulton County, Georgia \r\n \r\nCounty \r\n \r\nGeorgia \r\n \r\nBond \r\n \r\nState \r\n \r\nLevy \r\n \r\nLevy \r\n \r\nTotal \r\n \r\nDecember 31, 2004 December 31, 2005 \r\nJune 30, 2006 June 30, 2007 June 30, 2008 June 30, 2009 June 30, 2010 June 30, 2011 June 30, 2012 June 30, 2013 \r\n \r\n8.25 7.64 7.53 7.09 7.12 7.12 10.24 10.24 10.24 10.24 \r\n \r\n20.87 20.42 22.64 22.64 21.64 21.64 21.64 21.64 21.64 21.64 \r\n \r\n0.50 \r\n \r\n1.27 \r\n \r\n0.11 \r\n \r\n31.00 \r\n \r\n0.50 \r\n \r\n1.43 \r\n \r\n0.10 \r\n \r\n30.09 \r\n \r\n0.50 \r\n \r\n1.41 \r\n \r\n0.05 \r\n \r\n32.13 \r\n \r\n0.50 \r\n \r\n1.33 \r\n \r\n0.05 \r\n \r\n31.61 \r\n \r\n0.50 \r\n \r\n1.18 \r\n \r\n0.05 \r\n \r\n30.49 \r\n \r\n0.50 \r\n \r\n1.18 \r\n \r\n0.05 \r\n \r\n30.49 \r\n \r\n0.50 \r\n \r\n1.20 \r\n \r\n0.05 \r\n \r\n33.63 \r\n \r\n0.50 \r\n \r\n1.20 \r\n \r\n0.05 \r\n \r\n33.63 \r\n \r\n0.50 \r\n \r\n1.20 \r\n \r\n0.05 \r\n \r\n33.63 \r\n \r\n0.50 \r\n \r\n1.20 \r\n \r\n0.10 \r\n \r\n33.68 \r\n \r\n1.05 2.05 0.99 0.96 0.83 0.83 1.00 0.88 0.88 1.224 \r\n \r\n4.20 \r\n \r\n11.59 (3) \r\n \r\n0.07 \r\n \r\n5.00 \r\n \r\n11.58 (3) \r\n \r\n0.06 \r\n \r\n5.00 \r\n \r\n11.40 (3) \r\n \r\n0.06 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.06 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.60 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.00 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.00 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.00 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.27 \r\n \r\n5.00 \r\n \r\n10.21 (3) \r\n \r\n0.00 \r\n \r\n0.25 \r\n \r\n11.91 \r\n \r\n0.25 \r\n \r\n11.89 \r\n \r\n0.25 \r\n \r\n11.72 \r\n \r\n0.25 \r\n \r\n10.58 \r\n \r\n0.25 \r\n \r\n10.59 \r\n \r\n0.25 \r\n \r\n10.53 \r\n \r\n0.25 \r\n \r\n10.53 \r\n \r\n0.25 \r\n \r\n10.53 \r\n \r\n0.25 \r\n \r\n10.80 \r\n \r\n0.25 \r\n \r\n10.46 \r\n \r\nSource: Notes: \r\n \r\nStatistical section of the City of Atlanta, Georgia Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2013. \r\n1 Tax imposed by property owners in the District pursuant to State authorization. 2 Reduced by debt service payment of $3,052,000 by the Atlanta Board of Education using its existing resources. 3 Hospital levy included in County levy. 4 The City of Atlanta changed from a December 31 fiscal year to a June 30 fiscal year in 2006. \r\n \r\n82 \r\n \r\n Tax Payer \r\nDevelopment Authority of Fulton 2 Georgia Power Company Coca-Cola Company Post Apartment Homes BF ATL, LLC Sun Trust Plaza Association Georgia Pacific Company Hines One Atlantic Center LP Corporate Property Corporation IEP PEACHTREE, LLC \r\nTotal \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM PRINCIPAL PROPERTY TAXPAYERS \r\nJUNE 30, 2012 AND NINE YEARS AGO 1 Schedule 9 \r\n2012 \r\n \r\nType of Business \r\nGovernment Utility Service Marketing and Manufacturing Residential Real Estate Commercial Real Estate Commercial Real Estate Pulp and Paper Manufacturing Commercial Real Estate Commercial Real Estate Commercial Real Estate \r\n \r\nTaxable Assessed Value 1 \r\n \r\n$ \r\n \r\n643,688,110 \r\n \r\n278,823,406 \r\n \r\n158,398,076 \r\n \r\n154,833,309 \r\n \r\n76,031,870 \r\n \r\n96,136,850 \r\n \r\n78,922,880 \r\n \r\n72,158,940 \r\n \r\n87,837,149 \r\n \r\n72,222,920 \r\n \r\n$ \r\n \r\n1,719,053,510 \r\n \r\nRank \r\n1 2 3 4 8 5 7 10 6 9 \r\n \r\nPercentage of Total City Taxable Assessed Value \r\n3.15% 1.36% 0.77% 0.47% 0.76% 0.43% 0.37% 0.35% 0.35% 0.39% \r\n8.40% \r\n \r\n2003 \r\n \r\nTax Payer \r\nBell South Coca-Cola Company Georgia Power Company Post Apartment Homes Georgia Pacific Company CSC Associates Sun Trust Plaza Association One Ninety One Peachtree Association Sumito Life Realty, Inc. Atlanta Center LTD \r\n \r\nType of Business \r\nCommunication Service Marketing and Manufacturing Utility Service Residential Real Estate Pulp and Paper Manufacturing Commercial Real Estate Commercial Real Estate Commercial Real Estate Commercial Real Estate Commerical Real Estate \r\n \r\nTaxable Assessed Value \r\n \r\n$ \r\n \r\n311,493,227 \r\n \r\n162,670,820 \r\n \r\n138,389,311 \r\n \r\n116,171,210 \r\n \r\n90,792,750 \r\n \r\n87,338,740 \r\n \r\n82,038,220 \r\n \r\n76,478,710 \r\n \r\n63,170,490 \r\n \r\n58,083,570 \r\n \r\nTotal \r\n \r\n$ \r\n \r\n1,186,627,048 \r\n \r\nSources: Notes: \r\n \r\n2012 - Statistical section of the City of Atlanta, Georgia Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2012. 2003 - Statistical section of the City of Atlanta, Georgia Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2012. \r\n1. Information for FY2013 was not available. 2. Development Authority of Fulton does not pay taxes but does temporarily hold property for others who pay taxes. \r\n \r\nRank \r\n1 2 3 4 5 6 7 8 9 10 \r\n \r\nPercentage of Total City Taxable Assessed Value \r\n1.69% 0.88% 0.75% 0.63% 0.49% 0.47% 0.44% 0.41% 0.34% 0.31% \r\n6.41% \r\n \r\n83 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM PROPERTY TAX LEVIES AND COLLECTIONS \r\nLAST TEN FISCAL YEARS Schedule 10 \r\n \r\nFiscal Year Ended 3 \r\n \r\nTaxes Levies \r\nfor the Fiscal Year \r\n \r\nCollected within the Fiscal \r\n \r\nYear of the Levy \r\n \r\nPercentage of \r\n \r\nAmount 1 \r\n \r\nLevy \r\n \r\nCollections in \r\nSubsequent Years \r\n \r\nTotal Collections To Date \r\n \r\nPercentage of \r\n \r\nAmount \r\n \r\nLevy \r\n \r\nDecember 31, 2004 \r\n \r\n180,733,587 \r\n \r\n170,502,285 \r\n \r\n94.34% \r\n \r\n9,752,408 2 \r\n \r\nDecember 31, 2005 \r\n \r\n178,703,068 \r\n \r\n160,301,279 \r\n \r\n89.70% \r\n \r\n17,909,963 2 \r\n \r\nJune 30, 2006 \r\n \r\n6,750,195 \r\n \r\n6,750,195 \r\n \r\n100.00% \r\n \r\n- \r\n \r\nJune 30, 2007 \r\n \r\n179,606,933 \r\n \r\n164,976,460 \r\n \r\n91.85% \r\n \r\n13,929,773 2 \r\n \r\nJune 30, 2008 \r\n \r\n182,020,745 \r\n \r\n173,030,142 \r\n \r\n95.06% \r\n \r\n7,984,231 \r\n \r\nJune 30, 2009 \r\n \r\n198,377,854 \r\n \r\n190,475,498 \r\n \r\n96.02% \r\n \r\n6,292,394 \r\n \r\nJune 30, 2010 \r\n \r\n264,371,198 \r\n \r\n257,062,077 \r\n \r\n97.24% \r\n \r\n4,473,563 \r\n \r\nJune 30, 2011 \r\n \r\n240,585,957 \r\n \r\n234,894,781 \r\n \r\n97.63% \r\n \r\n2,379,716 \r\n \r\nJune 30, 2012 \r\n \r\n222,632,704 \r\n \r\n218,471,864 \r\n \r\n98.13% \r\n \r\n1,394,434 \r\n \r\nJune 30, 2013 \r\n \r\n219,176,582 \r\n \r\n214,493,637 \r\n \r\n97.86% \r\n \r\n- \r\n \r\nSource: \r\n \r\n. Statistical section of the City of Atlanta, Georgia Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2013. \r\n \r\nNotes: 1 Does not include tax revenues retained by Fulton and DeKalb County for administrative expenditures; therefore, the collection rate shown is slightly less than actual. \r\n2 Adjusted to collection in subsequent year. 3 The City of Atlanta changed from a December 31 fiscal year to a June 30 fiscal year in 2006. \r\n \r\n180,254,693 178,211,242 \r\n6,750,195 178,906,233 181,014,373 196,767,892 261,535,640 237,274,497 218,471,864 214,493,637 \r\n \r\n99.74% 99.72% 100.00% 99.61% 99.45% 99.19% 98.93% 98.62% 98.13% 97.86% \r\n \r\n84 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM COMPARISON OF PROPERTY TAX MILLAGE RATES \r\nAS OF JUNE 30, 2013 Last Ten Fiscal Years \r\nSchedule 11 \r\n \r\nAtlanta Public Schools Clayton County Schools Cobb County Schools DeKalb County Schools Douglas County Schools Fulton County Schools Gwinnett County Schools Rockdale County Schools \r\n \r\nTOTAL RATE 21.74 20.00 18.90 23.98 21.95 18.50 20.55 24.50 \r\n \r\nMAINTENANCE AND \r\nOPERATION 21.64 20.00 18.90 23.98 19.85 18.50 19.25 24.50 \r\n \r\nSources: Note: \r\n \r\nDepartment of Revenue, Tax Digest Millage Rates All tax rates are per $1000 assessed valuation. \r\n \r\nDEBT SERVICE \r\n0.10 0.00 0.00 0.00 2.10 0.00 1.30 0.00 \r\n \r\n85 \r\n \r\n Tax Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 \r\nSources: \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM TAX MILLAGE RATES LAST TEN TAX YEARS Schedule 12 \r\n \r\nMaintenance and \r\nOperations 20.42 20.42 22.64 22.64 21.64 21.64 21.64 21.64 21.64 21.64 \r\n \r\nSinking Bond Fund 0.10 0.10 0.054 0.054 0.054 0.054 0.054 0.054 0.100 0.100 \r\n \r\nTotal Levy 20.524 20.524 22.694 22.694 21.694 21.694 21.694 21.694 21.740 21.740 \r\n \r\nComments Decrease of 1.05 mills No change from 2004 Increase of 2.17 mills No change from 2006 Decrease of 1.000 mills No change from 2008 No change from 2009 No change from 2010 Increase of .046 mills No change from 2012 \r\n \r\nAtlanta Public Schools June 2010 Tax Levy Board Resolutions for tax year 2011 Georgia Department of Revenue for tax years 2004-2010, 2013 \r\n \r\n86 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM RATIOS OF TOTAL DEBT OUTSTANDING BY TYPE ( UNAUDITED) \r\nGOVERNMENTAL ACTIVITIES FOR THE LAST TEN FISCAL YEARS \r\nSchedule 13 \r\n \r\nFiscal Year \r\n \r\nEducation Reform Intergovernmental \r\n \r\nEnded June 30, \r\n \r\nSuccess ( COPS) \r\n \r\nAgreement \r\n \r\n2004 (1) \r\n \r\n- \r\n \r\n- \r\n \r\n2005 (1) \r\n \r\n- \r\n \r\n- \r\n \r\n2006 \r\n \r\n- \r\n \r\n18,697,134 \r\n \r\n2007 \r\n \r\n10,115,000 \r\n \r\n22,112,675 \r\n \r\n2008 \r\n \r\n10,115,000 \r\n \r\n21,385,800 \r\n \r\n2009 \r\n \r\n9,565,000 \r\n \r\n20,488,750 \r\n \r\n2010 \r\n \r\n8,995,000 \r\n \r\n19,461,875 \r\n \r\n2011 \r\n \r\n115,912,709 \r\n \r\n18,439,000 \r\n \r\n2012 \r\n \r\n114,764,042 \r\n \r\n17,398,125 \r\n \r\n2013 \r\n \r\n107,431,623 \r\n \r\n16,311,250 \r\n \r\nCapital Leases 11,248,793 6,862,557 4,219,951 5,159,414 23,618,868 18,255,388 13,998,496 9,682,005 7,905,594 6,018,646 \r\n \r\nTotal Debt (2) 11,248,793 \r\n6,862,557 22,917,085 37,387,089 55,119,668 48,309,138 42,455,371 144,033,714 140,067,761 129,761,519 \r\n \r\nEstimated Actual Value of Taxable \r\nProperty (3) 17,918,858,157 20,118,802,158 20,624,642,812 23,431,762,240 27,600,687,168 25,141,861,018 24,012,828,873 23,103,978,275 22,061,300,714 21,371,090,216 \r\n \r\nRatio of Total Debt to Est. Actual Value \r\n0.06% 0.03% 0.11% 0.16% 0.20% 0.19% 0.18% 0.62% 0.63% 0.61% \r\n \r\nPersonal Income (4) 162,297,000 173,159,000 184,186,000 184,186,000 196,683,000 198,580,000 206,462,000 203,137,000 202,577,000 212,830,000 \r\n \r\nRatio of Total Debt to Personal \r\nIncome 6.93% 3.96% 12.44% 20.30% 28.02% 24.33% 20.56% 70.90% 69.14% \r\n60.97% \r\n \r\nSource: Atlanta Independent School System Financial Reports for previous years and fiscal year ended June 30, 2013. \r\n \r\nNotes: \r\n \r\n1 The City of Atlanta changed from a December 31 fiscal year to a June 30 fiscal year in 2006. 2 See the schedule of Long Term Debt in the Notes for each year for more information on the debt. 3 See schedule 7 - Assessed and Estimated Actual Value of Taxable Property . 4 See schedule 15 - Demographics Statistics. \r\n \r\n87 \r\n \r\n Elementary Schools \r\n1 Adamsville 2 Beecher Hills 3 Benteen 4 Bethune 5 Bolton Academy 6 Boyd 7 Brandon 8 Brandon Primary 9 Burgess-Peterson 10 Cascade 11 Centennial Place 12 Cleveland 13 Connally 14 Continental Colony 15 Deerwood Academy 16 Dobbs 17 Dunbar 18 Fain 19 Fickett 20 Finch 21 Garden Hills 22 Gideons 23 Grove Park 24 Heritage Academy 25 Hope - Hill 26 Humphries 27 Hutchinson 28 Jackson 29 Jackson Primary 30 Jones, M. A. 31 Kimberly 32 Lin, Mary 33 Miles 34 Morningside 35 Parkside 36 Perkerson 37 Peyton Forest 38 Rivers (@ fmr Sutton MS) 39 Scott 40 Slater 41 Smith, Sarah 42 Smith Intermediate 43 Springdale Park 44 Stanton, D. H. \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM \r\n \r\nSCHOOL BUILDINGS, ACREAGE, AND CAPACITY \r\n \r\nJune 30, 2013 \r\n \r\nSchedule 14 \r\n \r\nSchool Acreage, Square Footage, Planning Capacity, Area per Student, Effective Age \r\n \r\nRegion Acres \r\n \r\nSq.Ft. \r\n \r\nPlanning Capacity @ 25/1 \r\n \r\nSF per Student \r\n \r\nCore \r\n \r\nOriginal \r\n \r\nClassrooms Construction \r\n \r\nRenovation \r\n \r\nActual Age (2013 basis) \r\n \r\nW \r\n \r\n4.9 75,058 \r\n \r\n750 \r\n \r\n100 \r\n \r\n30 \r\n \r\n1970 \r\n \r\n2001 \r\n \r\n43 \r\n \r\nW \r\n \r\n9.5 49,925 \r\n \r\n525 \r\n \r\n95 \r\n \r\n21 \r\n \r\n1959 \r\n \r\n1999 \r\n \r\n54 \r\n \r\nE \r\n \r\n4.0 68,440 \r\n \r\n600 \r\n \r\n114 \r\n \r\n24 \r\n \r\n1957 \r\n \r\n2000 \r\n \r\n56 \r\n \r\nW \r\n \r\n4.5 78,561 \r\n \r\n825 \r\n \r\n95 \r\n \r\n33 \r\n \r\n1949 \r\n \r\n1999 \r\n \r\n64 \r\n \r\nN \r\n \r\n4.0 83,653 \r\n \r\n900 \r\n \r\n93 \r\n \r\n36 \r\n \r\n2003 \r\n \r\n10 \r\n \r\nN \r\n \r\n19.7 72,405 \r\n \r\n575 \r\n \r\n126 \r\n \r\n23 \r\n \r\n1971 \r\n \r\n42 \r\n \r\nN \r\n \r\n10.0 86,138 \r\n \r\n875 \r\n \r\n98 \r\n \r\n35 \r\n \r\n1947 \r\n \r\n1994 \r\n \r\n66 \r\n \r\nN \r\n \r\n9.8 59,941 \r\n \r\n625 \r\n \r\n96 \r\n \r\n25 \r\n \r\n1954 \r\n \r\n2009 \r\n \r\n59 \r\n \r\nE \r\n \r\n8.3 85,836 \r\n \r\n875 \r\n \r\n98 \r\n \r\n35 \r\n \r\n2004 \r\n \r\n9 \r\n \r\nW \r\n \r\n8.7 70,286 \r\n \r\n625 \r\n \r\n112 \r\n \r\n25 \r\n \r\n1995 \r\n \r\n18 \r\n \r\nE \r\n \r\n5.0 63,806 \r\n \r\n650 \r\n \r\n98 \r\n \r\n26 \r\n \r\n1998 \r\n \r\n15 \r\n \r\nS \r\n \r\n4.8 75,880 \r\n \r\n675 \r\n \r\n112 \r\n \r\n27 \r\n \r\n1996 \r\n \r\n17 \r\n \r\nW \r\n \r\n3.7 88,417 \r\n \r\n1,000 \r\n \r\n88 \r\n \r\n40 \r\n \r\n1975 \r\n \r\n2000 \r\n \r\n38 \r\n \r\nW \r\n \r\n8.7 85,562 \r\n \r\n600 \r\n \r\n143 \r\n \r\n24 \r\n \r\n1963 \r\n \r\n2011 \r\n \r\n50 \r\n \r\nW \r\n \r\n21.0 88,980 \r\n \r\n900 \r\n \r\n99 \r\n \r\n36 \r\n \r\n2004 \r\n \r\n9 \r\n \r\nS \r\n \r\n19.6 86,370 \r\n \r\n900 \r\n \r\n96 \r\n \r\n36 \r\n \r\n2003 \r\n \r\n10 \r\n \r\nE \r\n \r\n5.3 98,959 \r\n \r\n500 \r\n \r\n198 \r\n \r\n20 \r\n \r\n1969 \r\n \r\n2009 \r\n \r\n44 \r\n \r\nN \r\n \r\n8.0 83,782 \r\n \r\n700 \r\n \r\n120 \r\n \r\n28 \r\n \r\n1987 \r\n \r\n26 \r\n \r\nW \r\n \r\n12.0 86,490 \r\n \r\n900 \r\n \r\n96 \r\n \r\n36 \r\n \r\n1972 \r\n \r\n1994 \r\n \r\n41 \r\n \r\nS \r\n \r\n4.1 95,024 \r\n \r\n950 \r\n \r\n100 \r\n \r\n38 \r\n \r\n2005 \r\n \r\n8 \r\n \r\nN \r\n \r\n8.0 82,176 \r\n \r\n775 \r\n \r\n106 \r\n \r\n31 \r\n \r\n1938 \r\n \r\n2003 \r\n \r\n75 \r\n \r\nS \r\n \r\n4.5 72,402 \r\n \r\n825 \r\n \r\n88 \r\n \r\n33 \r\n \r\n1958 \r\n \r\n2000 \r\n \r\n55 \r\n \r\nN \r\n \r\n7.0 88,921 \r\n \r\n725 \r\n \r\n123 \r\n \r\n29 \r\n \r\n1967 \r\n \r\n2000 \r\n \r\n46 \r\n \r\nS \r\n \r\n7.0 80,864 \r\n \r\n850 \r\n \r\n95 \r\n \r\n34 \r\n \r\n2002 \r\n \r\n11 \r\n \r\nE \r\n \r\n2.4 65,886 \r\n \r\n700 \r\n \r\n94 \r\n \r\n28 \r\n \r\n2002 \r\n \r\n11 \r\n \r\nS \r\n \r\n8.2 66,228 \r\n \r\n650 \r\n \r\n102 \r\n \r\n26 \r\n \r\n1940 \r\n \r\n1998 \r\n \r\n73 \r\n \r\nS \r\n \r\n8.5 70,797 \r\n \r\n825 \r\n \r\n86 \r\n \r\n33 \r\n \r\n1956 \r\n \r\n1994 \r\n \r\n57 \r\n \r\nN \r\n \r\n12.5 95,591 \r\n \r\n850 \r\n \r\n112 \r\n \r\n34 \r\n \r\n1967 \r\n \r\n1994 \r\n \r\n46 \r\n \r\nN \r\n \r\n7.2 48,982 \r\n \r\n500 \r\n \r\n98 \r\n \r\n20 \r\n \r\n1959 \r\n \r\n2008 \r\n \r\n54 \r\n \r\nW \r\n \r\n7.5 92,272 \r\n \r\n875 \r\n \r\n105 \r\n \r\n35 \r\n \r\n2005 \r\n \r\n8 \r\n \r\nW \r\n \r\n7.2 63,379 \r\n \r\n825 \r\n \r\n77 \r\n \r\n33 \r\n \r\n1958 \r\n \r\n1999 \r\n \r\n55 \r\n \r\nE \r\n \r\n5.2 60,414 \r\n \r\n600 \r\n \r\n101 \r\n \r\n24 \r\n \r\n1930 \r\n \r\n1994 \r\n \r\n83 \r\n \r\nW \r\n \r\n15.0 82,211 \r\n \r\n900 \r\n \r\n91 \r\n \r\n36 \r\n \r\n2003 \r\n \r\n10 \r\n \r\nE \r\n \r\n5.2 97,995 \r\n \r\n900 \r\n \r\n109 \r\n \r\n36 \r\n \r\n1930 \r\n \r\n1994 \r\n \r\n83 \r\n \r\nE \r\n \r\n8.3 80,836 \r\n \r\n775 \r\n \r\n104 \r\n \r\n31 \r\n \r\n2001 \r\n \r\n12 \r\n \r\nS \r\n \r\n9.0 75,297 \r\n \r\n700 \r\n \r\n108 \r\n \r\n28 \r\n \r\n1994 \r\n \r\n19 \r\n \r\nW \r\n \r\n25.0 64,300 \r\n \r\n625 \r\n \r\n103 \r\n \r\n25 \r\n \r\n1968 \r\n \r\n1999 \r\n \r\n45 \r\n \r\nN \r\n \r\n12.5 160,667 \r\n \r\n1,000 \r\n \r\n161 \r\n \r\n40 \r\n \r\n1950 \r\n \r\n1999 \r\n \r\n63 \r\n \r\nN \r\n \r\n8.0 72,891 \r\n \r\n800 \r\n \r\n91 \r\n \r\n32 \r\n \r\n1960 \r\n \r\n2006 \r\n \r\n53 \r\n \r\nS \r\n \r\n13.0 78,232 \r\n \r\n800 \r\n \r\n98 \r\n \r\n32 \r\n \r\n1952 \r\n \r\n2002 \r\n \r\n61 \r\n \r\nN \r\n \r\n10.3 70,545 \r\n \r\n750 \r\n \r\n94 \r\n \r\n30 \r\n \r\n1952 \r\n \r\n1994 \r\n \r\n61 \r\n \r\nN \r\n \r\n6.2 78,173 \r\n \r\n750 \r\n \r\n104 \r\n \r\n30 \r\n \r\n2009 \r\n \r\n4 \r\n \r\nE \r\n \r\n4.5 56,418 \r\n \r\n625 \r\n \r\n90 \r\n \r\n25 \r\n \r\n2009 \r\n \r\n4 \r\n \r\nE \r\n \r\n6.0 75,674 \r\n \r\n825 \r\n \r\n92 \r\n \r\n33 \r\n \r\n1959 \r\n \r\n2000 \r\n \r\n54 \r\n \r\nEffective Age Basis \r\n2001 1999 2000 1999 2003 1971 1994 2009 2004 1995 1998 1996 2000 2011 \r\n2004 2003 2009 1987 1994 2005 2003 2000 2000 2002 2002 1998 1994 1994 2008 2005 1999 1994 2003 1994 2001 1994 1999 1999 2006 2002 1994 2009 2009 2000 \r\n \r\nEffective Age (2013 basis) \r\n12 14 13 14 10 42 19 4 9 18 15 17 13 2 9 \r\n10 4 26 19 8 10 13 13 11 11 15 19 19 5 8 14 19 10 19 12 19 14 14 7 11 19 4 4 13 \r\n \r\n88 \r\n \r\n Elementary Schools \r\n45 Stanton, F. L. 46 Thomasville Heights 47 Toomer 48 Towns 49 Usher - Collier 50 Venetian Hills 51 West Manor 52 Whitefoord 53 Woodson Elementary School Totals \r\nMiddle Schools \r\n1 BEST (see HS) 2 Brown 3 Bunche (@ fmr Archer HS) \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM \r\n \r\nSCHOOL BUILDINGS, ACREAGE, AND CAPACITY \r\n \r\nJune 30, 2013 \r\n \r\nSchedule 14 \r\n \r\nSchool Acreage, Square Footage, Planning Capacity, Area per Student, Effective Age \r\n \r\nRegion Acres \r\n \r\nSq.Ft. \r\n \r\nPlanning Capacity @ 25/1 \r\n \r\nSF per Student \r\n \r\nCore Classrooms \r\n \r\nOriginal Construction \r\n \r\nRenovation \r\n \r\nN \r\n \r\n5.2 \r\n \r\n62,930 \r\n \r\n425 \r\n \r\n148 \r\n \r\n17 \r\n \r\n1928 \r\n \r\n2000 \r\n \r\nS \r\n \r\n11.2 \r\n \r\n83,023 \r\n \r\n950 \r\n \r\n87 \r\n \r\n38 \r\n \r\n1971 \r\n \r\n2001 \r\n \r\nE \r\n \r\n10.6 \r\n \r\n70,012 \r\n \r\n700 \r\n \r\n100 \r\n \r\n28 \r\n \r\n1967 \r\n \r\n1998 \r\n \r\nN \r\n \r\n8.9 \r\n \r\n70,084 \r\n \r\n675 \r\n \r\n104 \r\n \r\n27 \r\n \r\n1963 \r\n \r\n2000 \r\n \r\nN \r\n \r\n14.0 \r\n \r\n102,962 \r\n \r\n900 \r\n \r\n114 \r\n \r\n36 \r\n \r\n1969 \r\n \r\n2003 \r\n \r\nW \r\n \r\n9.3 \r\n \r\n60,924 \r\n \r\n600 \r\n \r\n102 \r\n \r\n24 \r\n \r\n1954 \r\n \r\n1994 \r\n \r\nW \r\n \r\n10.8 \r\n \r\n37,150 \r\n \r\n400 \r\n \r\n93 \r\n \r\n16 \r\n \r\n1956 \r\n \r\n2000 \r\n \r\nE \r\n \r\n2.3 \r\n \r\n62,712 \r\n \r\n650 \r\n \r\n96 \r\n \r\n26 \r\n \r\n1928 \r\n \r\n1994 \r\n \r\nN \r\n \r\n4.1 \r\n \r\n79,637 \r\n \r\n675 \r\n \r\n118 \r\n \r\n27 \r\n \r\n1971 \r\n \r\n1998 \r\n \r\n460.2 \r\n \r\n4,094,098 39,375 \r\n \r\n105 1,575 \r\n \r\n1971 \r\n \r\nRegion Acres \r\n \r\nSq.Ft. \r\n \r\nPlanning Capacity @ 25/1 \r\n \r\nSF per Student \r\n \r\nCore Classrooms \r\n \r\nOriginal Construction \r\n \r\nRenovation \r\n \r\nN \r\n \r\nW \r\n \r\n15.6 \r\n \r\n153,243 \r\n \r\n975 \r\n \r\n157 \r\n \r\n39 \r\n \r\n1928 \r\n \r\n2001 \r\n \r\nW \r\n \r\n19.5 \r\n \r\n247,360 \r\n \r\n1,625 \r\n \r\n152 \r\n \r\n65 \r\n \r\n1957 \r\n \r\n1972 \r\n \r\nActual Age (2013 basis) \r\n85 42 46 50 44 59 57 85 42 42 \r\nActual Age (2013 basis) \r\n85 56 \r\n \r\n4 Coan (@ fmr East Lake ES) \r\n \r\nE \r\n \r\n2.7 \r\n \r\n66,168 \r\n \r\n575 \r\n \r\n115 \r\n \r\n23 \r\n \r\n1949 \r\n \r\n1994 \r\n \r\n64 \r\n \r\n5 Harper - Archer \r\n \r\nN \r\n \r\n18.1 \r\n \r\n229,745 \r\n \r\n1,100 \r\n \r\n209 \r\n \r\n44 \r\n \r\n1963 \r\n \r\n2002 \r\n \r\n50 \r\n \r\n6 Inman \r\n \r\nE \r\n \r\n4.2 \r\n \r\n151,713 \r\n \r\n875 \r\n \r\n173 \r\n \r\n35 \r\n \r\n1923 \r\n \r\n2005 \r\n \r\n90 \r\n \r\n7 Kennedy \r\n \r\nW \r\n \r\n5.0 \r\n \r\n228,028 \r\n \r\n1,025 \r\n \r\n222 \r\n \r\n41 \r\n \r\n1970 \r\n \r\n2004 \r\n \r\n43 \r\n \r\n8 King, C.S. (see HS) \r\n \r\nN \r\n \r\n9 King, M.L. \r\n \r\nE \r\n \r\n6.5 \r\n \r\n176,547 \r\n \r\n1,000 \r\n \r\n177 \r\n \r\n40 \r\n \r\n1973 \r\n \r\n2003 \r\n \r\n40 \r\n \r\n10 Long \r\n \r\nS \r\n \r\n15.6 \r\n \r\n125,236 \r\n \r\n900 \r\n \r\n139 \r\n \r\n36 \r\n \r\n1958 \r\n \r\n2006 \r\n \r\n55 \r\n \r\n11 Price \r\n \r\nS \r\n \r\n19.0 \r\n \r\n167,168 \r\n \r\n975 \r\n \r\n171 \r\n \r\n39 \r\n \r\n1954 \r\n \r\n2002 \r\n \r\n59 \r\n \r\n12 Sutton (@ fmr N. Atlanta HS) \r\n \r\nN \r\n \r\n13 Sylvan (@ fmr Parks MS) \r\n \r\nS \r\n \r\n14 Young \r\n \r\nW \r\n \r\nMiddle School Totals \r\n \r\n17.5 5.8 \r\n15.0 144.5 \r\n \r\nHigh Schools \r\n \r\nRegion Acres \r\n \r\n1 BEST (includes MS) \r\n \r\nN \r\n \r\n15.1 \r\n \r\n2 Carver \r\n \r\nS \r\n \r\n35.4 \r\n \r\n3 Crim \r\n \r\nE \r\n \r\n17.9 \r\n \r\n4 Douglass \r\n \r\nN \r\n \r\n32.0 \r\n \r\n5 Forrest Hill \r\n \r\nS \r\n \r\n5.8 \r\n \r\n6 Grady \r\n \r\nE \r\n \r\n19.5 \r\n \r\n7 Jackson, M. (@ Coan MS) \r\n \r\nE \r\n \r\n16.1 \r\n \r\n8 King, C.S. (includes MS) \r\n \r\nN \r\n \r\n21.2 \r\n \r\n9 Mays \r\n \r\nW \r\n \r\n70.0 \r\n \r\n10 North Atlanta (New) \r\n \r\nN \r\n \r\n56.6 \r\n \r\n11 South Atlanta \r\n \r\nS \r\n \r\n50.2 \r\n \r\n12 Therrell \r\n \r\nW \r\n \r\n17.3 \r\n \r\n13 Washington \r\n \r\nW \r\n \r\n21.1 \r\n \r\nHigh School Totals \r\n \r\n378.2 \r\n \r\n208,445 \r\n \r\n1,300 \r\n \r\n160 \r\n \r\n52 \r\n \r\n1951 \r\n \r\n2011 \r\n \r\n79,630 \r\n \r\n625 \r\n \r\n127 \r\n \r\n25 \r\n \r\n1966 \r\n \r\n1996 \r\n \r\n172,986 \r\n \r\n975 \r\n \r\n177 \r\n \r\n39 \r\n \r\n1951 \r\n \r\n2009 \r\n \r\n2,006,269 11,950 \r\n \r\n165 \r\n \r\n478 \r\n \r\n1954 \r\n \r\nSq.Ft. \r\n \r\nPlanning Capacity @ 25/1 \r\n \r\nSF per Student \r\n \r\nCore Classrooms \r\n \r\nOriginal Construction \r\n \r\nRenovation \r\n \r\n217,578 \r\n \r\n1,750 \r\n \r\n124 \r\n \r\n70 \r\n \r\n2009 \r\n \r\n271,429 \r\n \r\n1,525 \r\n \r\n178 \r\n \r\n61 \r\n \r\n1920 \r\n \r\n2005 \r\n \r\n203,949 \r\n \r\n925 \r\n \r\n220 \r\n \r\n37 \r\n \r\n1940 \r\n \r\n2007 \r\n \r\n336,101 \r\n \r\n1,950 \r\n \r\n172 \r\n \r\n78 \r\n \r\n1968 \r\n \r\n2004 \r\n \r\n69,254 \r\n \r\n750 \r\n \r\n92 \r\n \r\n30 \r\n \r\n2008 \r\n \r\n274,560 \r\n \r\n1,275 \r\n \r\n215 \r\n \r\n51 \r\n \r\n1924 \r\n \r\n2005 \r\n \r\n167,169 \r\n \r\n1,025 \r\n \r\n163 \r\n \r\n41 \r\n \r\n1967 \r\n \r\n2003 \r\n \r\n264,874 \r\n \r\n1,750 \r\n \r\n151 \r\n \r\n70 \r\n \r\n2009 \r\n \r\n339,758 \r\n \r\n1,550 \r\n \r\n219 \r\n \r\n62 \r\n \r\n1981 \r\n \r\n2011 \r\n \r\n507,093 \r\n \r\n2,425 \r\n \r\n209 \r\n \r\n97 \r\n \r\n1978 \r\n \r\n2013 \r\n \r\n277,779 \r\n \r\n1,500 \r\n \r\n185 \r\n \r\n60 \r\n \r\n1973 \r\n \r\n2008 \r\n \r\n261,273 \r\n \r\n1,150 \r\n \r\n227 \r\n \r\n46 \r\n \r\n1960 \r\n \r\n2011 \r\n \r\n261,269 \r\n \r\n1,625 \r\n \r\n161 \r\n \r\n65 \r\n \r\n1924 \r\n \r\n2005 \r\n \r\n3,452,086 19,200 \r\n \r\n178 \r\n \r\n768 \r\n \r\n1,966 \r\n \r\n62 47 62 59 \r\nActual Age (2013 basis) \r\n4 93 73 45 5 89 46 4 32 35 40 53 89 47 \r\n \r\nEffective Effective Age Age Basis (2013 basis) \r\n \r\n2000 \r\n \r\n13 \r\n \r\n2001 \r\n \r\n12 \r\n \r\n1998 \r\n \r\n15 \r\n \r\n2000 \r\n \r\n13 \r\n \r\n2003 \r\n \r\n10 \r\n \r\n1994 \r\n \r\n19 \r\n \r\n2000 \r\n \r\n13 \r\n \r\n1994 \r\n \r\n19 \r\n \r\n1998 \r\n \r\n15 \r\n \r\n2000 \r\n \r\n13 \r\n \r\nEffective Effective Age Age Basis (2013 basis) \r\n \r\n2001 \r\n \r\n12 \r\n \r\n1972 \r\n \r\n41 \r\n \r\n1994 \r\n \r\n19 \r\n \r\n2002 \r\n \r\n11 \r\n \r\n2005 \r\n \r\n8 \r\n \r\n2004 \r\n \r\n9 \r\n \r\n2003 \r\n \r\n10 \r\n \r\n2006 \r\n \r\n7 \r\n \r\n2002 \r\n \r\n11 \r\n \r\n2011 \r\n \r\n2 \r\n \r\n1996 \r\n \r\n17 \r\n \r\n2009 \r\n \r\n4 \r\n \r\n2000 \r\n \r\n13 \r\n \r\nEffective Effective Age Age Basis (2013 basis) \r\n \r\n2009 \r\n \r\n4 \r\n \r\n2005 \r\n \r\n8 \r\n \r\n2007 \r\n \r\n6 \r\n \r\n2004 \r\n \r\n9 \r\n \r\n2008 \r\n \r\n5 \r\n \r\n2005 \r\n \r\n8 \r\n \r\n2003 \r\n \r\n10 \r\n \r\n2009 \r\n \r\n4 \r\n \r\n2011 \r\n \r\n2 \r\n \r\n2013 \r\n \r\n0 \r\n \r\n2008 \r\n \r\n5 \r\n \r\n2011 \r\n \r\n2 \r\n \r\n2005 \r\n \r\n8 \r\n \r\n2007 \r\n \r\n6 \r\n \r\n89 \r\n \r\n Fiscal Year Ended 1 \r\nDecember 31, 2004 December 31, 2005 \r\nJune 30, 2006 June 30, 2007 June 30, 2008 June 30, 2009 June 30, 2010 June 30, 2011 June 30, 2012 June 30, 2013 \r\n \r\nPopulation 434,900 442,100 451,600 451,600 461,956 477,300 480,700 420,003 432,427 443,775 \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM DEMOGRAPHIC STATISTICS LAST TEN FISCAL YEARS Schedule 15 \r\n \r\nPersonal Income (thousands of dollars) \r\n \r\nPer Capita Personal Income \r\n \r\nMedian Age \r\n \r\n162,297 \r\n \r\n33,838 \r\n \r\n33.8 \r\n \r\n173,159 \r\n \r\n34,825 \r\n \r\n34.7 \r\n \r\n184,186 \r\n \r\n35,846 \r\n \r\n34.7 \r\n \r\n184,186 \r\n \r\n35,846 \r\n \r\n34.7 \r\n \r\n196,683 \r\n \r\n36,309 \r\n \r\n32.0 \r\n \r\n198,580 \r\n \r\n37,744 \r\n \r\n35.0 \r\n \r\n206,462 \r\n \r\n38,336 \r\n \r\n35.0 \r\n \r\n203,137 \r\n \r\n37,101 \r\n \r\n34.0 \r\n \r\n202,577 \r\n \r\n38,321 \r\n \r\n32.9 \r\n \r\n212,830 \r\n \r\n39,713 \r\n \r\n33.0 \r\n \r\nSources: 1 Statistical section of the City of Atlanta, Georgia 2013 Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2013. \r\nNote: 1 The City of Atlanta changed from a December 31 fiscal year to a June 30 fiscal year in 2006. \r\n \r\nSchool Enrollment \r\n51,358 50,188 49,924 49,707 51,377 48,093 48,696 49,874 49,474 48,831 \r\n \r\nUnemployment Rate 7.4% 5.9% 5.3% 4.5% 5.9% 10.3% 10.0% 10.5% 8.9% 8.6% \r\n \r\n90 \r\n \r\n Employer \r\nDelta Air Lines, Inc The Coca-Cola Company International Business Machine Corp. Turner Broadcasting System, Inc. Cable News Network, Inc. AT \u0026 T Services Inc. Air Service Corp Accenture LLP Allied Barton Security Systems Tenet Health System, Inc. \r\nTotal \r\nEmployer \r\nInternational Business Machine Corp Georgia-Pacific Efficeiency Plus Consultants The Coca-Cola Company Cable News Network, Inc. Atlanta Journal and Constitution Allied Barton Security Service Tenet Health System, Inc. Turner Entertainment Networks Turner Broadcasting System, Inc. Skanska USA Building, Inc. \r\nTotal \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM PRINCIPAL EMPLOYERS \r\nJUNE 30, 2012 AND NINE YEARS AGO Schedule 16 \r\n \r\n2012 \r\n \r\nType Of Business \r\n \r\nEmployees \r\n \r\nTransportation Marketing and Manufacturing Technology Services Media/Entertainment Media Telecommunication Transportation Consulting Security Services Healthcare \r\n \r\n3,815 3,469 4,228 2,163 1,873 1,845 1,733 1,791 1,448 1,140 \r\n23,505 \r\n \r\n2003 \r\nType Of Business \r\nTechnology Services Pulp and Paper Manufacturing Consulting Marketing and Manufacturing Media Media Security Service Healthcare Entertainment Media/Entertainment Construction-related Services \r\n \r\nEmployees \r\n3,683 3,352 3,200 3,095 2,087 1,664 2,395 1,400 1,029 \r\n912 793 \r\n23,610 \r\n \r\nPercentage of Total City Employment \r\n1.98% 1.80% 2.20% 1.12% 0.97% 0.96% 0.90% 0.93% 0.75% 0.59% \r\n12.20% \r\nPercentage of Total City Employment \r\n1.90% 1.73% 1.65% 1.60% 1.08% 0.86% 1.30% 0.72% 0.53% 0.47% 0.41% \r\n12.25% \r\n \r\nSource: 2013 - Statistical section of the City of Atlanta, Georgia 2013 Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2013. 91 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM GENERAL FUND PER PUPIL COST LAST TEN FISCAL YEARS Last Ten Fiscal Years Schedule 17 \r\n \r\nFiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 \r\n \r\nExpenditures 1 533,269 502,432 509,458 536,734 591,778 618,667 630,734 610,014 604,635 576,388 \r\n \r\nActive Enrollment 2 \r\n52,103 51,377 50,631 50,631 49,991 49,032 48,909 49,796 50,009 49,558 \r\n \r\nCost Per Pupil \r\nEnrolled 10,235 9,779 10,062 10,601 11,838 12,618 12,896 12,250 12,091 11,631 \r\n \r\nAverage Daily \r\nAttendance 3 49,565 49,138 44,534 48,720 44,935 51,449 52,368 52,925 47,192 46,403 \r\n \r\nCost Per Pupil Attended \r\n10,759 10,225 11,440 11,017 13,170 12,025 12,044 11,526 12,812 12,421 \r\n \r\nSources: \r\n \r\n1 \r\n \r\nAtlanta Independent School System General Fund Expenditures by Function schedule for fiscal year ended \r\n \r\nJune 30, 2013 (amounts expressed in thousands). \r\n \r\n2 \r\n \r\nGA Department of Education, Enrollment by Grade report, based on the October count of each fiscal year. \r\n \r\n3 \r\n \r\nAverage daily attendance figures from the APS Attendance/Membership Summary Report as of June 30 of each fiscal year. \r\n \r\n92 \r\n \r\n Fiscal Year \r\n2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 \r\nSource: \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM SCHOOL BREAKFAST PROGRAM LAST TEN FISCAL YEARS MEALS SERVED Schedule 18 \r\n \r\nTotal \r\n \r\nFree \r\n \r\nReduced \r\n \r\n3,249,614 2,788,851 2,707,493 2,782,559 2,854,746 2,884,599 3,077,775 3,499,392 3,869,946 3,718,353 \r\n \r\n2,935,318 2,499,934 2,435,219 2,490,514 2,597,420 2,634,544 2,822,180 3,173,080 3,487,626 3,368,341 \r\n \r\n72,924 83,064 85,014 105,082 85,533 78,887 77,739 78,260 86,082 77,277 \r\n \r\nNutrition Department of APS \r\n \r\nPaid \r\n241,372 205,853 187,260 186,963 171,793 171,168 177,856 248,052 296,238 272,735 \r\n \r\n93 \r\n \r\n Fiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 \r\nSource: \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM SCHOOL LUNCH PROGRAM LAST TEN FISCAL YEARS MEALS SERVED Schedule 19 \r\n \r\nTotal 6,597,114 6,040,086 5,980,314 5,938,199 5,894,475 5,919,633 5,835,665 5,840,231 5,803,075 5,426,460 \r\n \r\nFree 5,420,054 4,929,194 4,924,894 4,886,222 4,943,800 4,961,606 4,968,698 5,032,509 5,043,598 4,799,240 \r\n \r\nReduced 230,992 283,294 289,292 314,070 272,290 252,189 223,230 168,063 158,924 126,324 \r\n \r\nNutrition Department of APS \r\n \r\nPaid 946,068 827,598 766,128 737,907 678,385 705,838 643,737 639,659 600,553 500,896 \r\n \r\n94 \r\n \r\n Fiscal Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM NUMBER OF SCHOOLS \r\nLAST TEN FISCAL YEARS Schedule 20 \r\n \r\nTotal \r\n \r\nElementary \r\n \r\nMiddle \r\n \r\n89 \r\n \r\n63 \r\n \r\n16 \r\n \r\n85 \r\n \r\n59 \r\n \r\n16 \r\n \r\n89 \r\n \r\n59 \r\n \r\n16 \r\n \r\n94 \r\n \r\n58 \r\n \r\n16 \r\n \r\n93 \r\n \r\n57 \r\n \r\n17 \r\n \r\n95 \r\n \r\n57 \r\n \r\n19 \r\n \r\n96 \r\n \r\n55 \r\n \r\n18 \r\n \r\n96 \r\n \r\n55 \r\n \r\n16 \r\n \r\n100 \r\n \r\n58 \r\n \r\n18 \r\n \r\n86 \r\n \r\n50 \r\n \r\n15 \r\n \r\nSource: \r\n \r\nAtlanta Public Schools - The District- Fast Facts \r\n \r\nHigh 10 10 14 20 19 19 23 25 24 21 \r\n \r\n95 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM ENROLLMENT BY GRADE LEVEL ( UNAUDITED) \r\nLAST TEN FISCAL YEARS Schedule 21 \r\n \r\nGrade Level \r\nPK KK Grade 1 Grade 2 Grade 3 Grade 4 Grade 5 Grade 6 Grade 7 Grade 8 Grade 9 Grade 10 Grade 11 Grade 12 \r\nTotals \r\n \r\n2004 \r\n788 4,481 4,503 4,319 4,383 4,392 4,393 3,898 3,998 3,828 4,131 3,352 2,999 2,638 \r\n52,103 \r\n \r\n2005 \r\n841 4,562 4,530 4,290 4,351 3,930 4,261 3,979 3,757 3,815 4,253 3,380 2,885 2,543 \r\n51,377 \r\n \r\n2006 \r\n805 4,762 4,501 4,284 4,264 4,086 3,921 3,807 3,794 3,597 4,332 3,268 2,925 2,424 \r\n50,770 \r\n \r\n2007 \r\n858 4,758 4,739 4,348 4,286 3,992 3,948 3,526 3,622 3,739 4,073 3,291 2,900 2,551 \r\n50,631 \r\n \r\n2008 \r\n890 4,476 4,711 4,545 4,330 4,065 3,874 3,509 3,309 3,580 4,204 3,197 2,854 2,447 \r\n49,991 \r\n \r\n2009 \r\n885 4,351 4,503 4,543 4,337 4,040 3,903 3,314 3,347 3,190 4,309 2,948 2,893 2,469 \r\n49,032 \r\n \r\n2010 \r\n965 4,501 4,377 4,431 4,431 4,168 3,904 3,451 3,204 3,303 4,420 2,873 2,354 2,527 \r\n48,909 \r\n \r\n2011 \r\n991 4,598 4,601 4,248 4,481 4,221 4,177 3,623 3,490 3,242 4,412 2,982 2,299 2,431 \r\n49,796 \r\n \r\n2012 \r\n \r\n2013 \r\n \r\n1,111 4,795 4,609 4,379 4,269 4,266 4,172 3,563 3,503 3,465 4,475 3,003 2,352 2,047 \r\n \r\n1,098 4,822 4,698 4,417 4,289 3,962 4,094 3,603 3,471 3,379 4,395 2,928 2,346 2,056 \r\n \r\n50,009 49,558 \r\n \r\nSource: \r\n \r\nGA Department of Education, Enrollment by Grade report, based on the October count of each fiscal year. \r\n \r\n96 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM EMPLOYEES BY FUNCTION ( Unaudited) FOR THE LAST TEN FISCAL YEARS Schedule 22 \r\n \r\nFunction \r\n \r\nFiscal Year Ended June 30, 2004 2005 2006 2007 2008 2009 2010 2011 2012 \r\n \r\n2013 \r\n \r\nInstruction Pupil Services Improvement of Instructional Services Educational Media Services General Administration School Administration Business Administration Maintenance and Operations Student Transportation Services Central Services Other Supporting Services Nutrition Operations Facilities, Acquisition and Contruction \r\n \r\n5,887 381 93 128 63 470 87 802 425 198 52 370 \r\n6 \r\n \r\n5,464 386 110 123 64 453 91 733 415 174 55 218 \r\n5 \r\n \r\n5,300 335 97 122 65 443 75 639 412 168 56 175 \r\n3 \r\n \r\n5,212 297 272 127 46 429 159 564 425 132 52 154 \r\n0 \r\n \r\n5,298 341 265 126 47 453 162 540 421 136 79 143 \r\n0 \r\n \r\n5,137 365 303 124 68 449 189 632 424 129 81 136 \r\n1 \r\n \r\n5,170 348 327 121 79 434 188 628 439 128 86 122 \r\n1 \r\n \r\n4,892 350 314 123 84 438 199 630 446 136 93 119 \r\n2 \r\n \r\n4,743 303 387 118 57 431 187 667 431 132 180 108 \r\n2 \r\n \r\n4,568 224 318 116 64 440 161 578 444 142 91 101 \r\n2 \r\n \r\nTotals \r\n \r\n8,962 8,291 7,890 7,869 8,011 8,038 8,071 7,826 7,746 7,249 \r\n \r\nSource: Information Technology Department of APS \r\n \r\n97 \r\n \r\n "},{"id":"dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2010-h2011-belec-p-btext","title":"Atlanta Independent School System, comprehensive annual financial report, fiscal year ended June 30, 2011, June 30, 2011","collection_id":"dlg_ggpd","collection_title":"Georgia Government Publications","dcterms_contributor":["Georgia. Department of Audits and Accounts, issuing body.","Atlanta Public Schools. Office of the Chief Financial Officer."],"dcterms_spatial":["United States, Georgia, Fulton County, Atlanta, 33.749, -84.38798"],"dcterms_creator":["Georgia. Department of Audits"],"dc_date":["2011-06-30"],"dcterms_description":["Began with: Fiscal year ended June 30, 2008.","\"Prepared by Office of the Chief Financial Officer.\"","Report year covers fiscal year.","Fiscal year ended June 30, 2010-fiscal year ended June 30, 2013 called also FY 2010-FY 2013.","Issued by: Georgia. Department of Audits and Accounts, although a private accounting firm's name may appear prominently on the piece for some issues.","Fiscal year ended June 30, 2008, released in 2009? (online surrogate); title from PDF cover (Georgia Government Publications database, viewed August 10, 2023).","Fiscal year ended June 30, 2014 (online surrogate) (Received via FTP 1/14/16 from Georgia Dept. of Audits and Accounts); (Georgia Government Publications database, viewed August 10, 2023)."],"dc_format":["application/pdf"],"dcterms_identifier":null,"dcterms_language":["eng"],"dcterms_publisher":["Atlanta, Ga. : Dept. of Audits and Accounts"],"dc_relation":null,"dc_right":["http://rightsstatements.org/vocab/InC/1.0/"],"dcterms_is_part_of":null,"dcterms_subject":["Atlanta Public Schools--Appropriations and expenditures--Periodicals.","Education--Georgia--Atlanta--Auditing--Periodicals.","Education--Georgia--Atlanta--Finance--Statistics--Periodicals.","Georgia Government Documents--Serial"],"dcterms_title":["Atlanta Independent School System, comprehensive annual financial report, fiscal year ended June 30, 2011, June 30, 2011"],"dcterms_type":["Text"],"dcterms_provenance":["University of Georgia. Map and Government Information Library"],"edm_is_shown_by":["https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2010-h2011-belec-p-btext"],"edm_is_shown_at":["https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2010-h2011-belec-p-btext"],"dcterms_temporal":null,"dcterms_rights_holder":["\u0026copy; Georgia Department of Audits"],"dcterms_bibliographic_citation":null,"dlg_local_right":null,"dcterms_medium":["state government records"],"dcterms_extent":null,"dlg_subject_personal":null,"iiif_manifest_url_ss":null,"dcterms_subject_fast":null,"fulltext":"FY2011 \r\nCOMPREHENSIVE ANNUAL FINANCIAL REPORT \r\nFISCAL YEAR ENDED JUNE 30, 2011 \r\nAtlanta Independent School System Atlanta, Georgia \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM COMPREHENSIVE ANNUAL FINANCIAL REPORT \r\nFISCAL YEAR ENDED JUNE 30, 2011 \r\nOffice of the Chief Financial Officer Charles A. Burbridge \r\n130 Trinity Avenue, SW Atlanta, Georgia 30303 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\n \r\nComprehensive Annual Financial Report Table of Contents \r\nFiscal Year ended June 30, 2011 \r\n \r\nPage INTRODUCTORY SECTION \r\n \r\nLetter of Transmittal \r\n \r\ni \r\n \r\nGFOA Certificate of Achievement \r\n \r\nvi \r\n \r\nASBO International Certificate of Excellence \r\n \r\nvii \r\n \r\nList of Principal Officials \r\n \r\nviii \r\n \r\nAppointed Officials \r\n \r\nxi \r\n \r\nOrganization Chart \r\n \r\nxii \r\n \r\nFINANCIAL SECTION \r\n \r\nReport of Independent Certified Public Accountants \r\n \r\n1 \r\n \r\nManagement's Discussion and Analysis \r\n \r\n3 \r\n \r\nBasic Financial Statements: \r\n \r\nGovernment-wide Financial Statements: \r\n \r\nStatement of Net Assets \r\n \r\n15 \r\n \r\nStatement of Activities \r\n \r\n16 \r\n \r\nFund Financial Statements: \r\n \r\nBalance Sheet  Governmental Funds \r\n \r\n17 \r\n \r\nReconciliation of Governmental Funds Balance Sheet to the \r\n \r\nGovernment-wide Statement of Net Assets \r\n \r\n18 \r\n \r\nStatement of Revenues, Expenditures and Changes in Fund \r\n \r\nBalances  Governmental Funds \r\n \r\n19 \r\n \r\nReconciliation of Governmental Funds Statement of Revenues, \r\n \r\nExpenditures and Changes in Fund Balances to the \r\n \r\nGovernment-wide Statement of Activities \r\n \r\n20 \r\n \r\nStatement of Net Assets  Proprietary Fund  Food Services \r\n \r\n21 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nComprehensive Annual Financial Report Table of Contents \r\nFiscal Year ended June 30, 2011 \r\n \r\nStatement of Revenues, Expenses and Changes in \r\n \r\nNet Assets  Proprietary Fund  Food Services \r\n \r\n22 \r\n \r\nStatement of Cash Flows  Proprietary Fund  Food Services \r\n \r\n23 \r\n \r\nStatement of Fiduciary Assets and Liabilities \r\n \r\n24 \r\n \r\nNotes to the Basic Financial Statements \r\n \r\n25 \r\n \r\nRequired Supplementary Information: \r\n \r\nSchedule of Revenues, Expenditures and Changes in \r\n \r\nFund Balance  Budget and Actual  General Fund \r\n \r\n51 \r\n \r\nSchedule of Funding Progress \r\n \r\n52 \r\n \r\nOTHER SUPPLEMENTARY INFORMATION \r\n \r\nNon-Major Governmental Funds: \r\n \r\nCombining and Individual Fund Statements and Schedules: \r\n \r\nCombining Balance Sheet  Non-major Governmental Funds \r\n \r\n53 \r\n \r\nCombining Statement of Revenues, Expenditures and \r\n \r\nChanges in Fund Balances  Non-major Governmental Funds \r\n \r\n54 \r\n \r\nCombining Schedule of Revenues, Expenditures and Changes in \r\n \r\n55 \r\n \r\nFund Balance Budget and Actual  All Special Revenue Funds \r\n \r\nCombined \r\n \r\nSchedule of Revenues, Expenditures and Changes in \r\n \r\n56 \r\n \r\nFund Balance  Budget and Actual  Title I Special Revenue Fund \r\n \r\nSchedule of Revenues, Expenditures and Changes in \r\n \r\n57 \r\n \r\nFund Balance  Budget and Actual  Title II Fund \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nComprehensive Annual Financial Report Table of Contents \r\nFiscal Year ended June 30, 2011 \r\n \r\nSchedule of Revenues, Expenditures and Changes in \r\n \r\nFund Balance  Budget and Actual  Title IV-B Fund \r\n \r\n58 \r\n \r\nSchedule of Revenues, Expenditures and Changes in \r\n \r\nFund Balance  Budget and Actual  Lottery Fund \r\n \r\n59 \r\n \r\nSchedule of Revenues, Expenditures and Changes in \r\n \r\nFund Balance  Budget and Actual Other Federal Programs Fund \r\n \r\n60 \r\n \r\nSchedule of Revenues, Expenditures and Changes in \r\n \r\nFund Balance  Budget and Actual  Other Special Projects Fund \r\n \r\n61 \r\n \r\nSchedule of Revenues, Expenditures and Changes in \r\n \r\nFund Balance  Budget and Actual  Capital Projects Fund \r\n \r\n62 \r\n \r\nCombining Statement of Changes in Assets and Liabilities - \r\n \r\nAgency Fund \r\n \r\n63 \r\n \r\nQuality Basic Education Programs - Program Expenditures \r\n \r\n64 \r\n \r\nGeneral Fund Quality Basic Education Programs - \r\n \r\nSchedule of Allotments and Expenditures by Program \r\n \r\n65 \r\n \r\nSchedule of Expenditures by Object - Lottery Programs \r\n \r\n66 \r\n \r\nSchedule of Approved Local Option Sales Tax Projects \r\n \r\n67 \r\n \r\nSchedule of State Revenue \r\n \r\n68 \r\n \r\nSTATISTICAL SECTION (UNAUDITED) \r\n \r\nNet Assets by Component \r\n \r\n69 \r\n \r\nChanges in Net Assets \r\n \r\n70 \r\n \r\nGovernmental Fund Balances \r\n \r\n72 \r\n \r\nChanges in Governmental Fund Balances \r\n \r\n73 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nComprehensive Annual Financial Report Table of Contents \r\nFiscal Year ended June 30, 2011 \r\n \r\nGeneral Fund Expenditures by Function \r\n \r\n75 \r\n \r\nGeneral Fund Revenues by Source \r\n \r\n76 \r\n \r\nAssessed and Estimated Actual Value of Taxable Property \r\n \r\n77 \r\n \r\nProperty Tax Rates  All Overlapping Governments \r\n \r\n78 \r\n \r\nPrincipal Property Taxpayers \r\n \r\n79 \r\n \r\nProperty Tax Levies and Collections \r\n \r\n80 \r\n \r\nComparison of Property Tax Millage Rates \r\n \r\n81 \r\n \r\nTax Millage Rates \r\n \r\n82 \r\n \r\nRatio of Total Debt Outstanding by Type \r\n \r\n83 \r\n \r\nSchool Buildings, Acreage and Capacity \r\n \r\n84 \r\n \r\nDemographic Statistics \r\n \r\n86 \r\n \r\nPrincipal Employers \r\n \r\n87 \r\n \r\nGeneral Fund per Pupil Cost \r\n \r\n88 \r\n \r\nSchool Breakfast Program \r\n \r\n89 \r\n \r\nSchool Lunch Program \r\n \r\n90 \r\n \r\nNumber of Schools \r\n \r\n91 \r\n \r\nEnrollment by Grade Level \r\n \r\n92 \r\n \r\nEmployees by Function \r\n \r\n93 \r\n \r\n  INTRODUCTORY SECTION \r\n \r\n  December 15, 2011 \r\nDear Citizens: \r\nWe are pleased to present to the community the Comprehensive Annual Financial Report (CAFR) of Atlanta Public Schools (APS) for the fiscal year ended June 30, 2011. APS continues its transition under new leadership after 12 years of continuous improvement on many fronts. Our priority remains to provide quality instruction in a safe and nurturing learning environment that educates today's children for tomorrow's world. \r\nThis report was prepared by APS financial management officials and is intended to fulfill the requirement for audit prescribed by Georgia Statutes for local boards of education. The APS management assumes full responsibility for the completeness and reliability of the information contained in this report, based on a comprehensive and reliability of the information contained in this report, based on a comprehensive framework of internal control that it has established for this purpose. Because the cost of internal control should not exceed anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements. \r\nSnapshot of Atlanta Public Schools \r\nLike many urban, public K12 school districts, APS faces ongoing challenges. More than threefourths of APS students qualify for the federal free and reduced price meals program, which is based on family incomes at or below the poverty line. Nearly one-third of APS students relocate within and outside of the district during the school year. Recent allegations of cheating on state standardized tests and subsequent investigations have challenged APS to continue its education mission undistracted, even while new leaders take the helm to navigate the district through a perfect storm of events. Despite these issues, APS continues its journey to excellence. \r\nAPS is currently composed of 96 schools: 55 elementary schools (grades K-5), 16 middle schools (grades 6-8) and 25 high schools (grades 9-12), for a total enrollment of approximately 49,874. \r\nAPS Highlights and Points of Pride \r\n Twenty-one APS students were awarded 2011 Gates Millennium Scholarships this year  the second highest number of any school district in the nation. APS students have earned approximately 70 Gates Millennium Scholarships over the past three years, more than any other system in the nation. \r\ni \r\n \r\n  APS students improved their performance by 4 percentage points and eliminated the achievement gap between the district and students around the state on the new Georgia Grade 8 Writing Assessment in 2011. Eighty-three percent of APS eighth-grade students scored at \"meets\" or \"exceeds\" standards levels. \r\n APS students improved their performance on the 2011 Criterion-Referenced Competency Tests, showing gains in 20 of the 30 grade and subject areas tested compared to last year's results. APS students had performance gains exceeding state averages in 15 of the 30 grades and subject areas tested and continued to narrow the achievement gap with state averages. \r\n APS students improved their performance on the 2011 Georgia Grade 5 Writing Assessment, with 77 percent scoring at the \"meets\" or \"exceeds\" standards levels. This performance represents a 5 percentage point increase over last year's results. \r\n APS has developed more than 400 partnerships between schools and community/business organizations which provide students with invaluable resources, such as internships, attendance incentives, mentoring and tutoring opportunities. \r\n APS is working with the Georgia Institute of Technology and Ford Motor Company to develop a prototype high-tech, fuel-efficient hydraulic hybrid propulsion system that employs used vegetable and cooking oils as a renewable energy source. APS donated a surplus school bus for the \"Green Eco School Bus\" project. \r\n Major renovations to existing schools were completed this year, including North Atlanta (08/01/2011) and D.M. Therrell (08/07/2011) high schools and Continental Colony Elementary School (07/01/2011). Construction of the new Mays High School is scheduled for completion by the end of the current calendar year. For more information on school buildings, acreage and capacity please see pages 84-85 in the Statistical section. \r\nChallenges Ahead \r\nThe challenges that lie ahead are considerable but manageable, as the District fully transitions into the new decade: \r\n The special state investigation into conduct during the 2009 CRCT exam revealed widespread testing improprieties associated with a relatively small number of APS educators. Individuals named in the state report have been removed from classrooms, pending the outcome of the follow-up investigations and processes being conducted by various organizations. \r\n Ramifications from testing improprieties continue to unfold, as the state recently announced its decision to adjust schools' adequate yearly progress (AYP) ratings for previous years. As a result, the state has determined that 42 schools have not met AYP for at least two consecutive years, which places the schools in needs-improvement status under the federal No Child Left Behind Act. \r\nii \r\n \r\n  APS has enacted a number of improvements to tighten the testing environment and reduce the potential for cheating or testing improprieties. These enhancements include locked safe rooms for testing material that are accessible only by principals and test coordinators, sealed envelopes with tamper-proof security strips where testing materials are stored, and implementation of the two-person rule for counting and tracking testing materials. \r\n The District has embarked on a comprehensive culture change that involves mandatory annual ethics training for all employees and revised performance evaluation reviews that emphasize strict adherence to policies and laws. \r\n The main focus is the continued growth of students' academic performance. The District's new leadership is assessing the results of school reform programs implemented over the past decade and determining how to move forward in the ongoing effort to continue the academic progress in a safe, secure and nurturing learning environment. \r\nLocal Economy \r\nThe nationwide economic downturn continues to negatively impact the District's primary funding sources. The District's main source of funding is property taxes, which continues to show the effects of a flat economy. Actual property tax revenues fell short of the budget projection and are well below actual revenues in previous years. The second major revenue stream for the District is state funding through the Quality Basic Education Act funding. The Governor continues to make major cuts to this revenue stream, exceeding $20 million for FY11. \r\nBased on these factors and others, including increased unfunded mandates and tax revenue challenges, there will be continuing financial challenges in FY12 and beyond. \r\nLong-Term Financial Planning \r\nAPS plans capital improvements as future capital needs arise due to student population changes and facility repair and maintenance needs. Specific capital expenditure plans are formalized in conjunction with special-purpose, local-option sales tax receipts and anticipated annual receipts of capital outlay funds from the Georgia Department of Education. The District regularly monitors anticipated capital outlay needs. \r\nStrategic Planning \r\nAPS leaders are committed to using strategy to drive budgets. Budget recommendations align with the district's strategic objectives. The charge is for every division, department, office and employee to align with the district's goals in support of student achievement. Employees evaluate and execute their work based on its support of schools and students. \r\nFinancial Information \r\nThe CAFR is prepared pursuant to OCGA 36-81-7. The Georgia Department of Audits and Accounts has issued an unqualified (\"clean\") opinion on the financial statements for fiscal \r\niii \r\n \r\n year ended June 30, 2011. The independent auditor's report is located at the front of the financial section of this report. \r\nUsing the full accrual basis of accounting, APS has total net assets of $1.37 billion, an increase of $68.55 million from fiscal year 2010. Further discussion is included in Management's Discussion and Analysis (MD\u0026A) which immediately follows the independent auditor's report and provides an overview and analysis of the basic financial statements. MD\u0026A complements this letter of transmittal and should be read in conjunction with it. \r\nFund Accounting: APS reports its financial activities through the use of fund accounting. This is a system wherein transactions are reported in self-balancing sets of accounts to reflect the results of activities. See Note A of the Notes to the Basic Financial Statements for a summary of significant accounting policies and a description of the fund types. \r\nInternal Control Structure: APS financial management officials are responsible for implementing and enforcing a system of internal controls to protect the assets of APS from loss, theft or misuse and to ensure that reliable accounting data are available for the timely preparation of financial statements in accordance with Generally Accepted Accounting Procedures (GAAP). The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that the cost of control should not exceed the benefits likely to be derived and that the evaluation of costs and benefits relies upon estimates and judgments by management. \r\nFinancial Awards \r\nThe Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to APS for its Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2010. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. \r\nA Certificate of Achievement is valid for a period of one year. We believe that our current Comprehensive Annual Financial Report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. \r\nAPS received the Association of School Business Officials (ASBO) International's Certificate of Excellence in Financial Reporting for the CAFR for fiscal year 2010. This is the second year the District submitted the CAFR to ASBO. This award certifies that the report substantially conforms to the principles and standards of financial reporting as recommended and adopted by the Association of School Business Officials International. \r\nValid for a period of one year, the award is granted only after an intensive review of financial reports by an expert panel of certified public accountants and practicing school business officials. \r\niv \r\n \r\n  vi \r\n \r\n vii \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nList of Principal Officials June 30, 2011 \r\nSCHOOL SYSTEM BOARD MEMBERS \r\nDistrict 1: Brenda J. Muhammad, Chair Brenda Muhammad is the executive director of the Atlanta Victim Assistance, Inc. (AVA), an organization that advocates for the fundamental rights of victims and witnesses of crime with compassion, dignity and respect. AVA provides comprehensive services which remove barriers, strengthen victims and their families and foster a healthy transition from victim to survivor. Passionate about children and their educational needs, particularly those who are underserved, Brenda currently serves as the School Board Representative for District 1. She has also served the Atlanta School Board in times past as president and vice president. \r\nAt-Large Seat 8: Reuben R. McDaniel, III, Vice Chair In May 1999, Reuben R. McDaniel, III was named President/CEO of Jackson Securities, LLC an Atlanta based investment banking firm. With over 25 years of investment banking experience in finance management, capital markets and municipal finance, McDaniel relies on his proven financial insights, exceptional talents in building relationships, strong analytical background and consummate corporate management skills. Selected as one of Black Enterprises' \"75 Most Powerful Blacks on Wall Street\", Mr. McDaniel was responsible for transforming the firm from a regional public finance boutique into a national institutional investment bank. Under his leadership, Jackson Securities has sustained doubledigit revenue growth and diversified revenue streams by establishing a Corporate Finance Group, Wealth Management Group and an Institutional Sales \u0026 Trading Group. \r\nDistrict 2: Vacant \r\nviii \r\n \r\n District 3: Cecily Harsch-Kinnane \r\nCecily Harsch-Kinnane has been involved in Atlanta Public Schools for nine years. She and her husband, Paul, have three children in APS and she has served as PTA president at Morningside E.S., on the PTA boards at Inman M.S. and Grady H.S., as co-president of the Council of Intown Neighborhoods and Schools and on the principal selection committee at several schools. She has been involved with Habitat for Humanity, served on the City of Atlanta Elected Officials Compensation Commission and on the board of the Atlanta Youth Soccer Association. Ms.Harsch-Kinnane is a former middle and high school math teacher and has recently been the coordinator of an after school-mentoring program. She is a native of Atlanta and received a BA in Mathematics from Brown University and has done graduate work in Math Education and Educational Psychology at Georgia State University. \r\nDistrict 4: Nancy M. Meister \r\nAs a parent and stakeholder, Nancy Meister is passionate about the future of the Atlanta Public Schools and has been personally involved in the district for many years and recognizes the importance of public education. She and her husband have watched their children grow and thrive in the Atlanta Public Schools system. As a residential real estate agent, she understands and appreciates the importance of great neighborhood schools, their impact on attracting new businesses to our city and their contribution to the overall sustainable growth of the metro area. \r\nDistrict 5: LaChandra Butler Burks \r\nBorn and raised in Atlanta, Georgia, LaChandra Butler Burks' passion for children and commitment to education has been evident all of her life. As a product of Atlanta Public Schools, she considers it an honor to now serve as a member of the Atlanta Board of Education because it allows her to fight daily to have quality, public education for the children of a city she dearly loves. It is her strong belief that everyone must be involved in making sure that children are whole and well. \r\nOn November 8, 2005, the residents of Atlanta elected LaChandra Butler Burks out of six candidates with 58% of the votes as the Atlanta Board of Education District 5 Representative. She is a graduate of L.P. Miles Elementary School and C.L. Harper High School with a Bachelor's Degree from State University of West Georgia, (formerly West Georgia College) and a Masters of Business Administration from Keller Graduate School of Management. LaChandra Butler Burks received most of her political experience from having worked under the leadership of three Atlanta mayors for 13 years. \r\nix \r\n \r\n District 6: Yolanda K. Johnson \r\nYolanda Johnson is a proud resident of the Adams Park Community of Southwest Atlanta. She is a product of public schools and a practicing attorney who has been actively engaged in the community since she made Atlanta her home more than a decade ago. \r\nShe began volunteering with the Atlanta Public Schools (APS) when she agreed to serve on a committee redeveloping the curriculum for the Law and Government Magnet at Therrell High School. This experience gave her unique system insight and firsthand knowledge of how even a small group of dedicated people can make differences in the lives of our children: our future. \r\nAt-Large Seat 7: Courtney D. English \r\nCourtney English is a former Atlanta Public Schools middle school teacher and community activist. Born and raised in Atlanta, he is a proud graduate of Morehouse College. English was a founding teacher at the new All-Male BEST Academy at Benjamin Carson where he taught seventh grade Social Studies. Ironically, English's lessons were delivered in the same room where he learned the subject content as a student. English is a member of the 2007 Atlanta Corps of Teach for America and now direct his efforts toward enhancing the quality of education for students. \r\nAs a teacher, English designed and implemented a unique curriculum to teach \"Applied Social Studies\", in which students learn the subject through the lens of all academic disciplines. His talents as an educator have been reinforced by his success rate in the classroom. Eighty percent of his students have met learning objectives with at least 80 percent proficiency for two consecutive years on the Criterion Reference Competency Test (CRCT). \r\nAt-Large Seat 9: Emmett D. Johnson \r\nMr. Johnson has proven that he is a person dedicated to making a positive difference. He is committed to serving the need of our youth. He is knowledgeable about educational issues. As a member of the Atlanta Board of Education, Mr. Johnson: \r\nReceived the 2009 Richard A Green Award- The Richard A. Green Award the Nation's highest honor for urban education leadership, at the Council of the Great City Schools 2009 fall conference. The Council represents 66 of the largest urban school districts in the nation, educating 7.1 million students. The Green Award is named in honor of the first African-American chancellor of the New York City school system, who had also headed Minneapolis Public Schools. As the recipient of the Richard Green Award, Johnson received a $10,000 college scholarship to present to a high school senior of his choice in the Atlanta Public Schools or from his high school alma mater. \r\nx \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM APPOINTED OFFICIALS JUNE 30, 2011 \r\nSUPERINTENDENT Erroll B. Davis, Jr. \r\nSENIOR CABINET \r\nCharles A. Burbridge...................................................Chief Financial Officer Sharon Pitts, Interim..........................................................General Counsel Karen L. Walden........................................ Deputy Superintendent for Instruction Larry Hoskins.........................................Deputy Superintendent for Operations Alexis Kirijan......................................Chief Strategy and Development Officer David Williamson..................................................Chief Information Officer Steve Smith........................................................................Chief of Staff \r\nxi \r\n \r\n Organization Chart \r\n \r\nSuperintendent Erroll B. Davis, Jr. \r\n \r\nAssistant Superintendent of Instructional Operations (Interim) \r\nDr. Eric Rosser \r\n \r\nDeputy Superintendent Instruction \r\nKaren L. Waldon \r\nSchool Reform Teams (SRTs) \r\n \r\nAssociate Superintendent for High Schools (Interim) \r\nAbigail Crawford \r\n \r\nDeputy Superintendent Operations \r\nLarry L. Hoskins \r\n \r\nDeputy Superintendent / Chief of Staff Steve Smith \r\n \r\nCharles Burbridge \r\n \r\nGeneral Counsel (Interim) \r\nSharron Pitts \r\n \r\nxii \r\n \r\nAtlanta Public Schools is educating today's students for tomorrow's world. We are committed to ensuring that all students graduate from our schools ready for success in college and life. \r\n \r\n FINANCIAL SECTION \r\n \r\n  Russell W. Hinton \r\nSTATE AUDITOR \r\n(404) 656-2174 \r\n \r\nDEPARTMENT OF AUDITS AND ACCOUNTS \r\n270 Washington Street, S.W., Suite 1-156 Atlanta, Georgia 30334-8400 \r\nFebruary 27, 2012 \r\n \r\nHonorable Nathan Deal, Governor Members of the General Assembly Members of the State Board of Education \r\nand Superintendent and Members of the Atlanta Independent School System \r\nINDEPENDENT AUDITOR'S REPORT ON BASIC FINANCIAL STATEMENTS \r\nLadies and Gentlemen: \r\nWe have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Atlanta Independent School System (School System), as of and for the year ended June 30, 2011, which collectively comprise the School System's basic financial statements as listed in the table of contents. These financial statements are the responsibility of the Atlanta Independent School System's management. Our responsibility is to express opinions on these financial statements based on our audit. \r\nWe conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the School System's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes 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, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. \r\nIn our opinion, the financial statements referred to previously present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Atlanta Independent School System, as of June 30, 2011, and the respective changes in financial position and cash flows thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America. \r\nAs discussed in Note A, the Atlanta Independent School System implemented Governmental Accounting Standards Board (GASB) Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, effective July 1, 2010. \r\n2011ARL-11X \r\n \r\n  Management's Discussion and Analysis on pages 3 through 14 and the required supplementary information on pages 51 through 52 are not a required part of the basic financial statements but are supplementary information required by accounting principles generally accepted in the United States of America. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the required supplementary information. However, we did not audit the information and express no opinion on it. \r\nOur audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Atlanta Independent School System's financial statements as a whole. The Introductory Section, the Supplementary Information and Statistical Section are presented for purposes of additional analysis and are not a required part of the financial statements. The Supplementary Information on pages 53 through 68 has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, the information is fairly stated, in all material respects, in relation to the financial statements as a whole. The Introductory Section on pages i through xii and the Statistical Section on pages 69 through 93 have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we express no opinion on them. \r\nA copy of this report has been filed as a permanent record in the office of the State Auditor and made available to the press of the State, as provided for by Official Code of Georgia Annotated section 50-6-24. \r\nRespectfully submitted, \r\n \r\nRWH:as 2011ARL-11X \r\n \r\nRussell W. Hinton, CPA, CGFM State Auditor \r\n \r\n  MANAGEMENT'S DISCUSSION AND ANALYSIS \r\n \r\n  ATLANTA INDEPENDENT SCHOOL SYSTEM Management's Discussion and Analysis For the Fiscal Year Ended June 30, 2011 \r\nThe discussion and analysis of the Atlanta Independent School System's financial performance provides an overview of the fiscal year ended June 30, 2011. The intent of this discussion and analysis is to examine the School System's financial performance as a whole, identify changes in financial position as well as to provide basic financial statements. The basic financial statements and notes to the basic financial statements should be reviewed by the readers to enhance their understanding of the School System's financial performance as a whole or as an entire operating entity. The basic financial statements contain the following components: \r\n1) Government-wide financial statements including the Statement of Net Assets and the Statement of Activities, which provide a broad, long-term overview of the School System's finances. \r\n2) Fund-level financial statements provide a greater level of detail about the School System's major funds and focus on how well the School System has performed in the short-term in the most significant funds. \r\n3) Notes to the Basic Financial Statements. \r\nThis report also presents the highlights for the fiscal year ended June 30, 2011 and contains other supplementary information. \r\nFINANCIAL HIGHLIGHTS \r\nOverall, net assets in fiscal year 2011 increased by 5.3% over fiscal year 2010. This is evidence of management's ability to maintain a balanced budget and control expenses, despite austerity reductions due to economic downturns affecting the Districts revenues. The key financial highlights for fiscal year 2011 as represented are: \r\nGovernment-wide Financial Statements: \r\n Total net assets for the School System increased from approximately $1,298.92 million in fiscal year 2010 to approximately $1,367.47 million in fiscal year 2011, an increase of approximately $68.55 million or 5.3% due to revenues exceeding expenses by approximately $68 million primarily due to budget cuts. Net assets increased by approximately $68.41 million for Governmental Activities and increased by $145,157 for Business-type Activities. \r\n Total revenues decreased from approximately $805.55 million in fiscal year 2010 to approximately $803.28 million in fiscal year 2011, a decrease of approximately $(2.27) million or -0.3%. Revenue for Governmental Activities decreased approximately $(2.92) million while revenue for Business-type activities increased by approximately $0.65 million. \r\n Total expenses decreased approximately $(54.61) million or -6.9% from approximately $789.34 million in fiscal year 2010 to approximately $734.73 million in fiscal year 2011. Expenses decreased in Governmental Activities by approximately $(55.19) million and increased by approximately $0.58 million in Business-type Activities. \r\n3 \r\n \r\n Fund Financial Statements: The School System has prepared its annual financial reports corresponding to the Governmental Accounting Standards Board No. 34 financial reporting model. The following graphic is provided to give the reader an overview of this reporting model. \r\nOVERVIEW OF FINANCIAL STATEMENTS Government-wide Financial Statements The Governmentwide financial statements are designed to provide the reader with a broad overview of the School System's finances in a manner similar to those used by private-sector businesses. The Statement of Net Assets and the Statement of Activities provide information about the activities of the whole School System, presenting an aggregate and long-term perspective of the finances. These statements include all assets and liabilities using the accrual basis of accounting. This basis of accounting includes all of the current fiscal year's revenues and expenses regardless of when cash is received or paid. \r\no The Statement of Net Assets presents information on all of the Schools System's assets and liabilities, with the difference between the two reported as net assets. Increases or decreases in \r\n4 \r\n \r\n net assets may serve as a useful indicator of whether the financial position is improving or deteriorating. \r\no The Statement of Activities presents information showing how net assets changed during the fiscal year. All changes in the net assets are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of the related cash flows. Thus, revenues and expenses are reported in the statement for some items that will result in cash flows in future fiscal periods (for example, uncollected taxes and earned but unused vacation leave). \r\nIncluded in the Statement of Net Assets and Statement of Activities for the School System are two distinct kinds of activities: \r\n Governmental Activities  Most of the School System's programs and services are reported here including instruction, pupil services, improvement of instruction, educational media, general administrative, school administrative, business administration, maintenance and operation of facilities, student transportation and central support. \r\n Business-type Activities  This service is provided on a charge for goods or services basis to recover all of the expenses of the goods or services provided. The Food Services proprietary fund is reported as a business-type activity. \r\nTable 1 - Condensed Statement of Net Assets (in millions of dollars) \r\n \r\nGovernmental Activities \r\n \r\n2011 \r\n \r\n2010 \r\n \r\nBusiness-type Activities \r\n \r\n2011 \r\n \r\n2010 \r\n \r\nTotal School System \r\n \r\npercentage \r\n \r\n2011 \r\n \r\n2010 \r\n \r\nchange \r\n \r\nCurrent and other assets Net capital assets \r\nTotal assets \r\n \r\n$ \r\n \r\n383.91 $ 376.38 $ 3.19 $ \r\n \r\n1,248.63 1,099.20 \r\n \r\n0.00 \r\n \r\n1,632.54 1,475.58 \r\n \r\n3.19 \r\n \r\n2.47 $ 387.10 $ 378.85 0.00 1,248.63 1,099.20 \r\n2.47 1,635.73 1,478.05 \r\n \r\n2.2% 13.6% \r\n10.7% \r\n \r\nLong-term debt outstanding Other liabilities \r\n \r\n158.20 \r\n \r\n88.82 \r\n \r\n0.00 \r\n \r\n109.05 \r\n \r\n89.88 \r\n \r\n1.01 \r\n \r\n0.00 \r\n \r\n158.20 \r\n \r\n88.82 \r\n \r\n78.1% \r\n \r\n0.43 \r\n \r\n110.06 \r\n \r\n90.31 \r\n \r\n21.9% \r\n \r\nTotal liabilities \r\n \r\n267.25 \r\n \r\n178.70 \r\n \r\n1.01 \r\n \r\n0.43 \r\n \r\n268.26 \r\n \r\n179.13 \r\n \r\n49.8% \r\n \r\nNet assets \r\n \r\nInvested in capital assets, \r\n \r\nnet of related debt \r\n \r\nRestricted for debt services \r\n \r\nRestricted for capital projects \r\n \r\nRestricted for federal programs \r\n \r\nRestriced for state and local programs \r\n \r\nUnrestricted \r\n \r\nTotal net assets \r\n \r\n$ \r\n \r\n1,104.60 1,056.75 \r\n \r\n1.10 \r\n \r\n1.87 \r\n \r\n107.59 \r\n \r\n110.07 \r\n \r\n0.01 \r\n \r\n0.00 \r\n \r\n4.15 \r\n \r\n0.00 \r\n \r\n147.84 \r\n \r\n128.19 \r\n \r\n1,365.29 $ 1,296.88 $ \r\n \r\n0.00 0.00 0.00 0.00 0.00 2.18 \r\n2.18 $ \r\n \r\n0.00 1,104.60 1,056.75 \r\n \r\n0.00 \r\n \r\n1.10 \r\n \r\n1.87 \r\n \r\n0.00 \r\n \r\n107.59 \r\n \r\n110.07 \r\n \r\n0.00 \r\n \r\n0.01 \r\n \r\n0.00 \r\n \r\n0.00 \r\n \r\n4.15 \r\n \r\n0.00 \r\n \r\n2.04 \r\n \r\n150.02 \r\n \r\n130.23 \r\n \r\n2.04 $ 1,367.47 $ 1,298.92 \r\n \r\n4.5% -41.2% -2.3% 100.0% 100.0% 15.2% \r\n5.3% \r\n \r\n Total assets increased by roughly $157.68 million or 10.7%.  Current and other assets increased by roughly $8.25 million or 2.2%. \r\n5 \r\n \r\n  Capital assets, net of accumulated depreciation for all governmental activities increased by roughly $149.43 million or 13.6%. The increase primarily represents additions to buildings and building improvements. \r\n Long-term debt outstanding increased by roughly $69.38 million or 78.1%. The increase was primarily due to the issuance of Certificates of Participation in the amount of $104.4 million offset by reductions of roughly $34.07 million for contingent liabilities. \r\nTable 2 - Condensed Changes in Net Assets (in millions of dollars) \r\n \r\nRevenues Program revenues \r\nCharges for services Operating grants and contributions Capital grants and contributions General revenues Property taxes, levied for general purposes Special Purpose Local Option Sales Tax Investment earnings Grants and Contributions not restricted to specific programs Property taxes levied for debt service Other Gain on Sale of Assets \r\nTotal Revenues \r\nExpenses: \r\nInstruction Support Services: Pupil services Improvement of instructional services Educational media General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Nutrition Other support services Interest and fiscal charges \r\nTotal Expenses \r\nChange in Net Assets \r\nBeginning Net Assets Ending Net Assets \r\n \r\nGovernmental Activities \r\n \r\n2011 \r\n \r\n2010 \r\n \r\nBusiness-type Activities \r\n \r\n2011 \r\n \r\n2010 \r\n \r\nTotal School System \r\n \r\nPercentage \r\n \r\n2011 \r\n \r\n2010 \r\n \r\nChange \r\n \r\n$ \r\n \r\n1.49 $ \r\n \r\n221.76 \r\n \r\n25.37 \r\n \r\n469.31 52.90 0.12 \r\n \r\n1.31 1.17 5.30 0.61 \r\n \r\n779.34 \r\n \r\n1.84 $ 203.78 \r\n0.00 \r\n498.92 63.43 0.23 \r\n1.31 1.27 10.58 0.90 \r\n782.26 \r\n \r\n1.69 $ 22.23 0.00 \r\n0.00 0.00 0.02 \r\n0.00 0.00 0.00 0.00 \r\n23.94 \r\n \r\n1.84 $ 21.44 0.00 \r\n0.00 0.00 0.01 \r\n0.00 0.00 0.00 0.00 \r\n23.29 \r\n \r\n3.18 $ 243.99 25.37 \r\n \r\n3.68 225.22 \r\n0.00 \r\n \r\n469.31 52.90 0.14 \r\n \r\n498.92 63.43 0.24 \r\n \r\n1.31 \r\n \r\n1.31 \r\n \r\n1.17 \r\n \r\n1.27 \r\n \r\n5.30 \r\n \r\n10.58 \r\n \r\n0.61 \r\n \r\n0.90 \r\n \r\n803.28 \r\n \r\n805.55 \r\n \r\n-13.6% 8.3% 0.0% \r\n-5.9% -16.6% -41.7% \r\n0.0% -7.9% -49.9% -32.2% \r\n-0.3% \r\n \r\n377.49 \r\n39.02 50.50 9.61 14.51 33.29 17.89 96.33 28.90 36.73 0.02 4.38 2.26 \r\n \r\n710.93 \r\n \r\n$ \r\n \r\n68.41 $ \r\n \r\n1296.88 $ 1365.29 $ \r\n \r\n438.04 \r\n37.30 40.43 8.39 14.11 28.24 15.33 90.75 39.59 48.57 0.00 3.35 2.02 \r\n766.12 \r\n16.14 $ \r\n1280.74 1296.88 $ \r\n \r\n0.00 \r\n0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23.80 0.00 0.00 \r\n23.80 \r\n0.14 $ \r\n2.04 2.18 $ \r\n \r\n0.00 \r\n0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23.22 0.00 0.00 \r\n23.22 \r\n0.07 $ \r\n1.97 2.04 $ \r\n \r\n377.49 \r\n39.02 50.50 9.61 14.51 33.29 17.89 96.33 28.90 36.73 23.82 4.38 2.26 \r\n \r\n438.04 \r\n37.30 40.43 8.39 14.11 28.24 15.33 90.75 39.59 48.57 23.22 3.35 2.02 \r\n \r\n734.73 \r\n \r\n789.34 \r\n \r\n68.55 $ \r\n1298.92 1367.47 $ \r\n \r\n16.21 \r\n1282.71 1298.92 \r\n \r\n-13.8% \r\n4.6% 24.9% 14.5% 2.8% 17.9% 16.7% 6.2% -27.0% -24.4% 2.6% 30.8% 11.9% \r\n-6.9% \r\n322.9% \r\n \r\n6 \r\n \r\n Primary Government Sources of Revenues \r\n \r\nFiscal Year 2011 \r\n \r\nSPLOST, 6.6% \r\n \r\nOther, 0.9% \r\n \r\nProgram revenues, 33.9% \r\n \r\nProperty taxes, 58.6% \r\nTotal revenues, overall, decreased roughly $(2.27) million or -0.3% from fiscal year 2010 to fiscal year 2011, due to continued decreases in property tax revenues. \r\n Program revenues are primarily grant related and account for approximately $272.54 million or 33.9% of total revenues received and include State QBE revenue. \r\n General revenues represent the major revenue stream for the School System. They account for 66.1% or roughly $530.74 million of total revenues received in FY 2011. Between fiscal years 2010 and 2011, a decrease of roughly $(29.71) million in property tax revenues and a decrease in SPLOST sales tax revenues of roughly $(10.53) million occurred. \r\n7 \r\n \r\n Primary Government Expenses \r\n \r\nFiscal Year 2011 \r\n \r\nCentral support 5.0% \r\nStudent transportation 3.9% \r\nMaintenance and operation of facilities \r\n13.1% \r\n \r\nNutrition 3.2% \r\n \r\nOther support services 0.6% \r\nInterest expense 0.3% \r\n \r\nBusiness administration 2.4% \r\nSchool administrative 4.5% \r\nGeneral administrative 2.0% \r\nEducational media 1.3% \r\n \r\nImprovement of instruction 7.0% \r\n \r\nPupil services 5.3% \r\n \r\nInstruction 51.4% \r\n \r\nTotal expenses decreased from 2010 to 2011 by -6.9% or roughly $(54.61) million. Management continues to forecast spending levels and manage spending throughout the year. \r\n Governmental activities account for 96.8% or roughly $710.93 million of total District spending. Four groups of activities account for 88.6% or roughly $629.04 million of governmental spending: instruction roughly ($377.49 million or 53.1%); pupil and improvement of instructional services roughly ($89.52 million or 12.6%); administration and business services roughly ($65.69 million or 9.2%); and maintenance and operations roughly ($96.33 million or 13.6%). \r\n Business-type activities revenues and expenses increased from 2010 to 2011, with revenue increasing by approximately $658,000 or 2.8% and expenses increasing by approximately $578,000 or 2.5%. Revenues increased due to an increase in pupil sales. Expenses increased as a result of unanticipated increase in costs. \r\n \r\n8 \r\n \r\n Table 3 - Net Cost of Governmental Activities (in millions of dollars) \r\n \r\nInstruction Support Services : Pupil services Improvement of instructional services Educational media General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Community services Other support services Nutrition Interest and fiscal charges \r\nTotal Expenses \r\n \r\nTotal Cost of Services \r\n \r\nNet Cost of Services \r\n \r\nPercentage \r\n \r\n2011 \r\n \r\n2010 \r\n \r\nChange \r\n \r\n2011 \r\n \r\nPercentage \r\n \r\n2010 \r\n \r\nChange \r\n \r\n$ 377.49 $ 438.04 \r\n \r\n-13.9% $ (240.67) $ (327.07) \r\n \r\n-26.4% \r\n \r\n39.02 \r\n \r\n37.30 \r\n \r\n50.50 \r\n \r\n40.43 \r\n \r\n9.61 \r\n \r\n8.39 \r\n \r\n14.51 \r\n \r\n14.11 \r\n \r\n33.29 \r\n \r\n28.24 \r\n \r\n17.89 \r\n \r\n15.33 \r\n \r\n96.33 \r\n \r\n90.75 \r\n \r\n28.90 36.73 0.00 4.38 \r\n \r\n39.59 48.57 0.00 3.35 \r\n \r\n0.02 \r\n \r\n0.00 \r\n \r\n2.26 \r\n \r\n2.02 \r\n \r\n$ 710.93 $ 766.12 \r\n \r\n4.6% 24.9% 14.6% 2.8% 17.9% 16.7% 6.2% -27.0% -24.4% 0.0% 30.8% 100.0% 11.9% -7.2% $ \r\n \r\n(20.38) (17.17) (7.62) (9.46) (25.33) (13.81) (75.13) (22.16) (27.47) \r\n(0.87) \r\n(2.26) (462.32) $ \r\n \r\n(22.83) (12.78) (6.99) (10.41) (21.40) (12.40) (74.23) (31.31) (38.58) \r\n2.12 (3.35) 0.75 (2.02) (560.50) \r\n \r\n-10.7% 34.3% 9.0% -9.1% 18.4% 11.4% 1.2% -29.2% -28.8% -100.0% -74.0% -100.0% 11.9% -17.5% \r\n \r\nThe net cost of governmental activities represents the cost of operating the School System to be covered by general revenues, including property taxes. The net cost of services decrease is attributable to a reduction in expenses due to continued budget cuts. \r\nTable 4 - Capital Assets (net of accumulated depreciation, in millions of dollars) \r\n \r\nLand Construction in progress Buildings Building improvements Land Improvements Furniture and fixtures Equipment Vehicles \r\nTotal \r\n \r\nGovernmental Activities \r\n \r\n2011 \r\n \r\n2010 \r\n \r\nPercentage change \r\n \r\n$ \r\n \r\n106.45 $ \r\n \r\n87.48 \r\n \r\n21.7% \r\n \r\n160.67 \r\n \r\n128.03 \r\n \r\n25.5% \r\n \r\n851.34 \r\n \r\n769.91 \r\n \r\n10.6% \r\n \r\n99.99 \r\n \r\n83.76 \r\n \r\n19.4% \r\n \r\n11.27 \r\n \r\n10.12 \r\n \r\n11.4% \r\n \r\n0.04 \r\n \r\n0.05 \r\n \r\n-20.0% \r\n \r\n4.59 \r\n \r\n2.04 \r\n \r\n125.0% \r\n \r\n14.28 \r\n \r\n17.80 \r\n \r\n-19.8% \r\n \r\n$ \r\n \r\n1,248.63 $ 1,099.19 \r\n \r\n13.6% \r\n \r\n9 \r\n \r\n Fiscal Year 2011 \r\n \r\nBuilding improvements 8.0% \r\n \r\nLand improvements 0.9% \r\nEquipment 0.4% Vehicles 1.1% \r\n \r\nLand 8.5% \r\n \r\nBuildings 68.2% \r\n \r\nConstruction in progress 12.9% \r\n \r\nConstruction in Progress and Buildings \r\nSPLOST III construction programs to renovate or construct academic facilities are in the 48th month of a 60 month program. For more detailed information on the School System's capital assets, see Note G in the notes to the basic financial statements. \r\n \r\nTable 5 - Outstanding Long-Term Debt (in millions of dollars) \r\n \r\nCapital leases \r\nIntergovernmental agreementCity of Atlanta \r\nERS, Inc (COPS, Series 2006/2007) ERS, Inc (COPS, Series 2011A) ERS, Inc (COPS, Series 2011B) \r\nUnamortized premium 2011B Compensated absences Contingent Liabilities - Legal Contingent Liabilities - Sales Tax Refund Contingent Liabilities - SPLOST Refund Workers' compensation \r\n \r\nTotal School System \r\n \r\npercentage \r\n \r\n2011 \r\n \r\n2010 \r\n \r\nchange \r\n \r\n$ 9.68 $ 14.00 \r\n \r\n-30.9% \r\n \r\n18.44 8.40 72.46 31.96 3.10 5.60 1.31 0.00 0.00 7.25 \r\n \r\n19.46 9.00 0.00 0.00 0.00 5.80 2.59 2.53 29.06 6.38 \r\n \r\n-5.2% -6.7% 100.0% 100.0% 100.0% -3.5% -49.4% -100.0% -100.0% 13.6% \r\n \r\n$ 158.20 $ 88.82 \r\n \r\n78.1% \r\n \r\n10 \r\n \r\n Outstanding long-term debt increased in the current fiscal year due to the issuance of Certificates of Participation for the renovation of North Atlanta High School. For more detailed information on the School System's long-term debt, see Notes H and I in the notes to the basic financial statements. \r\nFund Financial Statements \r\nFund financial statements provide detailed information regarding the resources segregated for specific activities or objectives, not Government-wide. Funds are used to track specific sources of revenue and expenditures for particular programs. \r\nThe School System has three kinds of funds: \r\nGovernmental funds include most of the School System's basic services and focus on providing cash flow available for spending. These funds include the General Fund, Capital Projects Fund, Education Reform Success Fund and other governmental funds of lesser magnitude. Fund accounting statements use the modified accrual method of accounting, which measures cash and other financial assets that can be readily converted to cash. These statements present a short-term view of the School System's operations and services and do not include the long-term focus presented in the Government-wide financial statements. For an explanation of the differences, see the reconciliations included with the Governmental Fund Statements. \r\nProprietary fund consist of services provided by the School System for a fee and employ the full accrual method of accounting in the same manner as the Government-wide statements. The School System has one proprietary fund, Food Services. This fund provides student meals at a cost based on the student's ability to pay, subsidized by Federal funds and the School System. \r\nFiduciary fund account for assets not owned by the School System but for which the School System is responsible for ensuring that the assets in the funds are used for their designated purposes. These funds are not included in the Government-wide financial statement because they cannot be used to finance the School System operations. The School System has one fiduciary fund - Agency Funds (Local School, Club and Class Funds). \r\nThe following presents a summary of the General Fund, Capital Projects Fund, Education Reform Success (ERS) and other non-major governmental funds by type of revenue for the fiscal year ended June 30, 2011 as compared to June 30, 2010. \r\nTable 6 - Revenues and other financing sources (in millions of dollars) \r\n \r\nLocal taxes Sales taxes income State revenues Federal revenues Investment income Facility rental fees Tuition charges Charges for services Other Proceeds from bonds Premium on bonds Proceeds from sale of capital assets \r\nTotal Revenues and other financing sources \r\n \r\nGovernmental Funds \r\n \r\nIncrease Percentage \r\n \r\n2011 \r\n \r\n2010 (Decrease) Change \r\n \r\n$ 445.99 $ 493.83 $ \r\n \r\n57.68 \r\n \r\n95.44 \r\n \r\n132.03 110.94 \r\n \r\n84.05 \r\n \r\n82.46 \r\n \r\n0.28 \r\n \r\n0.41 \r\n \r\n0.78 \r\n \r\n1.00 \r\n \r\n0.03 \r\n \r\n0.09 \r\n \r\n0.67 \r\n \r\n0.75 \r\n \r\n13.90 \r\n \r\n22.08 \r\n \r\n104.42 \r\n \r\n0.00 \r\n \r\n3.10 \r\n \r\n0.00 \r\n \r\n0.70 \r\n \r\n1.22 \r\n \r\n(47.84) (37.76) 21.09 \r\n1.59 (0.13) (0.22) (0.06) (0.08) (8.18) 104.42 3.10 (0.52) \r\n \r\n-9.7% -39.6% 19.0% \r\n1.9% -31.7% -22.0% -66.7% -10.7% -37.1% 100.0% 100.0% -42.6% \r\n \r\n$ 843.63 $ 808.22 $ 35.40 \r\n \r\n4.4% \r\n \r\n11 \r\n \r\n The following table presents a summary of the General Fund, Capital Projects Fund, ERS and other governmental funds by type of expenditures for the fiscal year ended June 30, 2011 as compared to June 30, 2010. \r\n \r\nTable 7 - Expenditures (in millions of dollars) \r\nInstruction Support services \r\nPupil services Improvement of instructional services Educational media General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Other support services and nutrition Capital outlays Debt service \r\nTotal Expenditures \r\nExcess (deficiency) of revenues over (under) expenditures - See Table 6 \r\nTransfers in Transfers out \r\nFund Balances, Beginning of Fiscal Year \r\n \r\n2011 \r\n \r\nGovernmental Funds \r\n \r\nIncrease \r\n \r\nPercentage \r\n \r\n2010 (Decrease) \r\n \r\nChange \r\n \r\n$ 373.89 $ 403.80 $ \r\n \r\n38.47 49.82 \r\n9.45 14.32 32.84 16.84 96.15 26.02 36.24 \r\n4.34 170.37 \r\n9.20 \r\n877.95 \r\n \r\n36.23 39.45 8.15 13.76 27.51 15.93 90.30 36.26 47.40 3.27 139.77 7.78 \r\n869.61 \r\n \r\n(29.91) \r\n2.24 10.37 \r\n1.30 0.56 5.33 0.91 5.85 (10.24) (11.16) 1.07 30.60 1.42 \r\n8.34 \r\n \r\n-7.4% \r\n6.2% 26.3% 16.0% \r\n4.1% 19.4% \r\n5.7% 6.5% -28.2% -23.5% 32.7% 21.9% 18.3% \r\n1.0% \r\n \r\n(34.32) (61.39) \r\n \r\n27.07 \r\n \r\n10.97 44.66 (10.97) (44.66) \r\n258.45 319.84 \r\n \r\n(33.69) 33.69 \r\n(61.39) \r\n \r\nFUND BALANCES, End of Fiscal Year \r\n \r\n$ 224.13 $ 258.45 $ (34.32) \r\n \r\nDecreases in instruction, student transportation, maintenance and operation and central support are due to budget cuts during the current fiscal year. \r\n \r\nAnalysis of Major Funds \r\n \r\nThe School System has three major funds: the General Fund, Capital Projects Fund and the Education Reform Success Fund. The General Fund is the general operating fund of the School System and is used to account for all financial resources except those funds accounted for in another funds. The Capital Projects Fund is used for the acquisition or construction of major capital facilities and to account for the bond proceeds restricted to renovation and school construction. The Education Reform Success Fund is used for the purpose of providing financing sources for some of the School System's buildings and equipment (Forest Hill Academy and New North Atlanta High School). \r\n \r\nGeneral Fund \r\nAs of June 30, 2011, total fund balance in the General Fund was approximately $81.27 million. This balance includes approximately $0.46 million nonspendable, $1.10 million restricted, $17 million committed, $16 million assigned and approximately $46.71 million unassigned fund balance. As a result of operations in fiscal year 2011, the fund balance decreased by approximately $(28.46) \r\n \r\n12 \r\n \r\n million. The decrease in fund balance is attributable to a decrease in property tax collections. For Budget to Actual comparison purposes, the General Fund reported excess expenditures over final budget for the following functions: \r\n \r\nGENERAL FUND Instruction \r\nSalary Non-Salary Pupil Services Non-Salary \r\nGeneral Administration Non-Salary \r\nMaintenance and Operations Salary \r\nStudent Transportation Salary \r\nDebt Service Principal \r\n \r\n$18,484,843 Due to an increase in teacher salaries $39,470,477 Due to charter school expenses which are not budgeted \r\n$2,410,991 Due to an increase in professional purchased services \r\n$1,547,003 Due to an increase in professional purchased services \r\n$28,360,413 Due to unfunded pension costs increase which was budgeted in Business Administration \r\n$10,970,338 Due to unfunded pension costs increase which was budgeted in Business Administration \r\n$5,339,366 Did not budget principal amounts \r\n \r\nTransfers Out \r\n \r\n$10,966,449 Did not budget transfers to other funds \r\n \r\nCapital Projects Fund \r\nAs of June 30, 2011, total fund balance in the Capital Projects Fund was approximately $85.80 million. This balance includes approximately $56.90 million restricted and approximately $28.90 million assigned. The fund balance decreased by approximately $(51.08) million due primarily to an increase in SPLOST capital expenditures and a decrease in SPLOST revenues. \r\nEducation Reform Success (ERS) \r\nAs of June 30, 2011, total fund balance in the ERS fund was approximately $50.69 million all of which is restricted. \r\nOther Governmental Funds \r\nAs of June 30, 2011, total fund balance in Non-major Governmental Funds was approximately $6.37 million. This balance included approximately $4.16 million restricted and approximately $2.21 million assigned. The fund balance decreased by approximately $(5.46) million due to an increase in expenditures, primarily instruction. \r\nCurrent Issues \r\nCurrently known facts, decisions or conditions that are expected to have a significant effect on the financial position or results of operations are as follows: \r\n \r\n13 \r\n \r\n Atlanta Independent School System received Federal American Recovery Reinvestment Act (ARRA) funds which helped to offset reductions in State QBE funding. The continued support of our schools by the public and by local community organizations and businesses is also an integral part of our ability to educate our students. \r\nContinuing revenue from the Special Purpose Local Option Sales Tax should facilitate our ability to replace and improve existing schools and add additional classrooms. Our operating budget will continue to be tight, as we expect decreased funding from the State of Georgia due to current financial conditions. Despite these challenges, we remain committed to using our financial resources efficiently to provide an exceptional educational experience for our students. \r\nIn February 2008, the Supreme Court of Georgia issued a decision holding that educational ad valorem taxes can only be used for educational purposes. In response, the General Assembly passed Senate Resolution 996, a proposed amendment to the Georgia Constitution permitting Boards of Education to agree to pledge educational ad valorem taxes for redevelopment projects and purposes, and the voters ratified the constitutional amendment by referendum in November 2008. As a result of Senate Resolution 996 and the referendum, House Bill 63 was passed by the General Assembly and became effective April 22, 2010, reenacting the Redevelopment Powers Act. \r\nHowever, in December 2008, a challenge to the use of retroactive educational ad valorem taxes was filed by a taxpayer. In August 2010, the Superior Court issued an order expressly authorizing the City and Atlanta Development Authority (ADA) to transfer to APS for its general purposes all of the Perry Bolton and BeltLine ad valorem tax increment that they had received for tax years up to and including 2009. Pursuant to this order, the City and ADA actually made a transfer of funds to APS. \r\nThe Plaintiffs in the Clark case have initiated two appeals of orders related to the August 2010 transfer of funds. Plaintiffs have recently amended their complaint to drop some claims. After two appeals, a summary judgment was issued in favor of the School System on November 15, 2011. The revenue has been recognized at the government-wide level. \r\nGeneral Fund Budgetary Highlights \r\nThe School System's budget is prepared by the Finance Division and is a collaborative effort between the School System and the Atlanta community. The basis for preparation utilizes a zerobased approach because it has systematically provided a more accurate account of anticipated spending levels for the year. \r\nDetails of the General Fund original budget and the amended budget are presented on page 51 in the Financial Section of this report. \r\nRequests for Information \r\nThis financial report is designed to provide a general overview of the School System's finances for all those with an interest in the School System's finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the School System's Chief Financial Officer, 130 Trinity Street SW, Atlanta Georgia 30303. \r\n14 \r\n \r\n BASIC FINANCIAL STATEMENTS \r\n \r\n  Atlanta Independent School System Statement of Net Assets June 30, 2011 \r\n \r\nASSETS Current Assets: \r\nCash and cash equivalents Investments Taxes receivable, net Due from other governments Other receivables Internal balances Prepaid items and other assets Total current assets \r\nNoncurrent assets: Net pension asset Deferred Charges Non-depreciable capital assets Depreciable capital assets Less: Accumulated depreciation \r\nTotal noncurrent assets \r\nTOTAL ASSETS \r\nLIABILITIES Current liabilities: \r\nAccounts payable and other current liabilities Accrued interest payable Due to other governments Unearned revenues Current portion of long-term obligations \r\nTotal current liabilities \r\nNoncurrent liabilities: Noncurrent portion of long-term obligations \r\nTOTAL LIABILITIES \r\nNET ASSETS Invested in capital assets, net of related debt Restricted for: \r\nDebt service Capital projects Federal programs State and local programs Unrestricted \r\nTOTAL NET ASSETS \r\n \r\nGovernmental Activities \r\n \r\nBusiness-type Activities \r\n \r\nTotal \r\n \r\n$ \r\n \r\n173,892,357 $ \r\n \r\n136,679,551 \r\n \r\n22,256,453 \r\n \r\n33,712,545 \r\n \r\n118,215 \r\n \r\n4,175,042 \r\n \r\n456,736 \r\n \r\n371,290,899 \r\n \r\n11,153,856 1,466,547 \r\n267,130,359 1,300,996,330 (319,491,754) 1,261,255,338 \r\n1,632,546,237 \r\n \r\n6,404,725 $ - \r\n275,727 3,731 \r\n(4,175,042) 681,110 \r\n3,190,251 \r\n- \r\n3,190,251 \r\n \r\n180,297,082 136,679,551 \r\n22,256,453 33,988,272 \r\n121,946 - \r\n1,137,846 374,481,150 \r\n11,153,856 1,466,547 \r\n267,130,359 1,300,996,330 (319,491,754) 1,261,255,338 \r\n1,635,736,488 \r\n \r\n74,010,096 454,246 \r\n34,497,704 89,000 \r\n8,697,607 \r\n117,748,653 \r\n \r\n149,506,316 267,254,969 \r\n \r\n1,104,601,221 \r\n \r\n1,104,717 107,591,205 \r\n14,077 4,145,071 147,834,977 \r\n \r\n$ \r\n \r\n1,365,291,268 $ \r\n \r\n922,905 - \r\n83,702 - \r\n1,006,607 \r\n- \r\n1,006,607 \r\n- \r\n2,183,644 \r\n2,183,644 $ \r\n \r\n74,933,001 454,246 \r\n34,497,704 172,702 \r\n8,697,607 \r\n118,755,260 \r\n149,506,316 \r\n268,261,576 \r\n1,104,601,221 \r\n1,104,717 107,591,205 \r\n14,077 4,145,071 150,018,621 \r\n1,367,474,912 \r\n \r\nThe accompanying notes are an integral part of the basic financial statements. \r\n \r\n15 \r\n \r\n Atlanta Independent School System Statement of Activities \r\nFor the Fiscal Year Ended June 30, 2011 \r\n \r\nFunctions/Programs Primary Government Governmental activities: Instruction Support Services: Pupil services Improvement of instructional services Educational media General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Other support services Nutrition Interest expense \r\nTotal Governmental activities \r\nBusiness-type activities Food services \r\nTotal Business-type activities \r\nTotal School System \r\n \r\nProgram Revenues \r\n \r\nNet (Expenses) Revenues and Changes in Net Assets \r\n \r\nExpenses \r\n \r\nCharges for Services \r\n \r\nOperating Grants and Contributions \r\n \r\nCapital Grants and Contributions \r\n \r\nGovernmental Activities \r\n \r\nBusiness-type Activities \r\n \r\n$ \r\n \r\n377,491,180 $ \r\n \r\n39,024,421 50,496,694 \r\n9,616,559 14,514,905 33,287,126 17,889,836 96,333,469 28,898,209 36,729,914 4,382,181 \r\n15,657 \r\n2,258,183 \r\n \r\n710,938,335 \r\n \r\n31,492 $ \r\n783,989 670,918 - \r\n1,486,399 \r\n \r\n111,426,958 $ \r\n18,641,247 33,328,056 2,000,787 5,053,926 7,958,215 4,077,543 20,416,518 6,735,023 9,260,421 2,845,306 \r\n14,696 - \r\n221,758,696 \r\n \r\n25,367,686 $ \r\n- \r\n25,367,686 \r\n \r\n(240,665,044) $ \r\n(20,383,174) (17,168,638) \r\n(7,615,772) (9,460,979) (25,328,911) (13,812,293) (75,132,962) (22,163,186) (27,469,493) \r\n(865,957) (961) \r\n(2,258,183) \r\n(462,325,554) \r\n \r\n- $ \r\n- \r\n- \r\n \r\n23,800,532 \r\n \r\n23,800,532 \r\n \r\n$ \r\n \r\n734,738,867 $ \r\n \r\n1,695,061 1,695,061 3,181,460 $ \r\n \r\n22,233,560 22,233,560 243,992,256 $ \r\n \r\nGeneral revenues: Taxes: Property Taxes levied for general purposes Property Taxes. Levied for debt service Special Local Option Sales Tax \u0026 Other Taxes Grants and Contributions not restricted to specific programs Unrestricted Investment earnings Other Gain on sale of capital assets \r\nTotal General revenues \r\nChange in net assets \r\nNet assets - beginning of fiscal year \r\n \r\n25,367,686 $ \r\n \r\n(462,325,554) $ \r\n \r\n128,089 128,089 128,089 $ \r\n \r\n469,310,346 1,174,306 52,901,075 1,310,441 124,833 5,298,494 614,466 \r\n530,733,961 \r\n68,408,407 \r\n1,296,882,861 \r\n \r\n17,068 17,068 \r\n145,157 \r\n2,038,487 \r\n \r\nNet assets - end of fiscal year \r\n \r\n$ \r\n \r\n1,365,291,268 $ \r\n \r\n2,183,644 $ \r\n \r\nTOTALS \r\n(240,665,044) \r\n(20,383,174) (17,168,638) \r\n(7,615,772) (9,460,979) (25,328,911) (13,812,293) (75,132,962) (22,163,186) (27,469,493) \r\n(865,957) (961) \r\n(2,258,183) \r\n(462,325,554) \r\n128,089 \r\n128,089 \r\n(462,197,465) \r\n469,310,346 1,174,306 52,901,075 1,310,441 141,901 5,298,494 614,466 \r\n530,751,029 \r\n68,553,564 \r\n1,298,921,348 \r\n1,367,474,912 \r\n \r\nThe accompanying notes are an integral part of the basic financial statements. \r\n \r\n16 \r\n \r\n ASSETS \r\nCash and cash equivalents Investments Taxes Receivables, net Due from other governments Other receivables Due from other funds Interest receivable Prepaid items \r\nTOTAL ASSETS \r\nLIABILITIES AND FUND BALANCES \r\nLIABILITIES \r\nAccounts payable and accrued liabilities Retainage payables Contracts payable Due to other funds Due to other governments Deferred revenue \r\nTOTAL LIABILITIES \r\nFUND BALANCE Nonspendable Restricted Committed Assigned Unassigned \r\nTotal Fund Balances \r\nTOTAL LIABILITIES AND FUND BALANCES \r\n \r\nAtlanta Independent School System Balance Sheet \r\nGovernmental Funds June 30, 2011 \r\n \r\nGeneral Fund \r\n \r\nCapital Projects Fund \r\n \r\nEducation Reform Success \r\n \r\nNonmajor Governmental \r\nFunds \r\n \r\nTotal Governmental \r\nFunds \r\n \r\n$ \r\n \r\n89,810,473 $ \r\n \r\n33,089,905 $ \r\n \r\n71,999,418 \r\n \r\n64,680,133 \r\n \r\n15,525,898 \r\n \r\n6,730,555 \r\n \r\n19,126,967 \r\n \r\n- \r\n \r\n118,215 \r\n \r\n- \r\n \r\n- \r\n \r\n29,305,618 \r\n \r\n389 \r\n \r\n- \r\n \r\n456,347 \r\n \r\n- \r\n \r\n$ \r\n \r\n197,037,707 $ \r\n \r\n133,806,211 $ \r\n \r\n50,991,979 $ - \r\n150,317 - \r\n51,142,296 $ \r\n \r\n- $ 14,585,578 5,923,391 - \r\n20,508,969 $ \r\n \r\n173,892,357 136,679,551 \r\n22,256,453 33,712,545 \r\n118,215 35,379,326 \r\n389 456,347 \r\n402,495,183 \r\n \r\n$ \r\n \r\n60,043,599 $ \r\n \r\n- \r\n \r\n- \r\n \r\n17,159,617 \r\n \r\n38,566,936 \r\n \r\n$ \r\n \r\n115,770,152 $ \r\n \r\n900,718 $ 3,691,816 9,343,963 \r\n34,065,778 \r\n- \r\n48,002,275 $ \r\n \r\n30,000 $ - \r\n426,133 - \r\n456,133 $ \r\n \r\n- $ 14,044,667 5,793 89,000 \r\n14,139,460 $ \r\n \r\n60,974,317 3,691,816 9,343,963 31,204,284 \r\n34,497,704 38,655,936 \r\n178,368,020 \r\n \r\n$ \r\n \r\n456,347 \r\n \r\n1,104,717 \r\n \r\n16,995,134 \r\n \r\n16,000,000 \r\n \r\n46,711,357 \r\n \r\n56,905,042 \r\n28,898,894 \r\n- \r\n \r\n81,267,555 \r\n \r\n85,803,936 \r\n \r\n$ \r\n \r\n197,037,707 $ \r\n \r\n133,806,211 $ \r\n \r\n50,686,163 \r\n- \r\n50,686,163 \r\n51,142,296 $ \r\n \r\n4,159,148 \r\n2,210,361 \r\n- \r\n6,369,509 \r\n20,508,969 $ \r\n \r\nThe accompanying notes are an integral part of the basic financial statements. \r\n \r\n456,347 112,855,070 \r\n16,995,134 47,109,255 46,711,357 \r\n224,127,163 \r\n402,495,183 \r\n \r\n17 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\n \r\nReconciliation of Governmental Fund Balance Sheet to the Government-wide Statement of Net Assets June 30, 2011 \r\n \r\nTotal Fund balances - total governmental funds \r\n \r\n$ 224,127,163 \r\n \r\nAmounts reported for governmental activities in the Statement of Net Assets are different because: \r\n \r\nCapital assets used in governmental activities are not financial resources and, therefore are not reported in the above funds. \r\nCost of capital assets Less: Accumulated depreciation \r\n \r\n$ 1,568,126,689 (319,491,754) \r\n \r\n1,248,634,935 \r\n \r\nProperty taxes used in governmental activities represents amounts that are not financial resources and thus are deferred in the above funds. \r\nDeferred Revenue Property Taxes receivable Allowance for uncollectible receivables \r\n \r\n25,022,211 25,882,281 (12,337,556) \r\n \r\n38,566,936 \r\n \r\nAccumulated pension contributions in excess of annual required contributions are reported as assets for governmental activities. \r\n \r\n11,153,856 \r\n \r\nOther long-term assets (Bond Issuance Costs) are not available to pay for current period expenditures and therefore, are deferred on the Statement of Net Assets. \r\n \r\n1,466,547 \r\n \r\nLong-term liabilities, including capital leases, are not due and payable in the current period and therefore are not reported in the above funds. \r\nCapital leases Intergovernmental agreement - City of Atlanta Education Reform Success 2006/2007 Education Reform Success 2011A Education Reform Success 2011B Accrued Interest Payable Unamortized premium ERS 2011B Compensated absences Contingent legal liabilities Workers compensation \r\n \r\n$ \r\n \r\n(9,682,005) \r\n \r\n(18,439,000) \r\n \r\n(8,400,000) \r\n \r\n(72,460,000) \r\n \r\n(31,955,000) \r\n \r\n(454,246) \r\n \r\n(3,097,709) \r\n \r\n(5,600,233) \r\n \r\n(1,311,976) \r\n \r\n(7,258,000) \r\n \r\n(158,658,169) \r\n \r\nNET ASSETS OF GOVERNMENTAL ACTIVITIES \r\n \r\n$ 1,365,291,268 \r\n \r\nThe accompanying notes are an integral part of the basic financial statements. \r\n \r\n18 \r\n \r\n Atlanta Independent School System Statement of Revenues, Expenditures and Changes in Fund Balances \r\nGovernmental Funds For The Fiscal Year Ended June 30, 2011 \r\n \r\nREVENUES Local taxes Sales taxes income State revenues Federal revenues Investment income Facility rental fees Tuition charges Charges for services Other \r\nTotal revenues \r\nEXPENDITURES Current: \r\nInstruction Support Services: \r\nPupil services Improvement of instructional services Educational media General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Other support services Nutrition Capital outlays \r\nDebt Service: Principal Interest and fiscal charges Bond issuance cost \r\nTotal Expenditures \r\nExcess (deficiency) of revenues over/(under) expenditures \r\nOTHER FINANCING SOURCES(USES) Proceeds from bonds Premium on bonds Proceeds from sale of capital assets Transfers in Transfers out \r\nTotal Other Financing Sources(Uses) \r\nNet change in fund balances \r\nFund Balances, Beginning of Fiscal Year \r\nFUND BALANCES, End of Fiscal Year \r\n \r\nGeneral Fund \r\n \r\nCapital Projects Fund \r\n \r\nEducation Reform Success \r\n \r\nNonmajor Governmental Funds \r\n \r\nTotal Governmental Funds \r\n \r\n$ \r\n \r\n445,986,671 $ \r\n \r\n- $ \r\n \r\n- \r\n \r\n57,678,243 \r\n \r\n127,235,844 \r\n \r\n1,767,686 \r\n \r\n10,747,543 \r\n \r\n- \r\n \r\n124,833 \r\n \r\n157,853 \r\n \r\n783,989 \r\n \r\n- \r\n \r\n31,492 \r\n \r\n- \r\n \r\n670,918 \r\n \r\n- \r\n \r\n6,230,668 \r\n \r\n438,713 \r\n \r\n591,811,958 \r\n \r\n60,042,495 \r\n \r\n- \r\n \r\n$ \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n$ \r\n \r\n- \r\n \r\n3,030,067 \r\n \r\n73,299,315 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n7,227,628 \r\n \r\n83,557,010 \r\n \r\n445,986,671 57,678,243 \r\n132,033,597 84,046,858 282,686 783,989 31,492 670,918 13,897,009 \r\n735,411,463 \r\n \r\n342,158,303 \r\n24,014,862 18,465,663 \r\n9,437,280 11,488,177 31,429,973 16,025,431 92,797,603 24,258,790 31,499,062 \r\n1,667,013 - \r\n5,339,366 1,432,488 \r\n- \r\n610,014,011 \r\n(18,202,053) \r\n \r\n12,578 \r\n41,689 95,282 3,294,169 49,709 2,616,021 115,014,153 \r\n- \r\n121,123,601 \r\n(61,081,106) \r\n \r\n- \r\n55,360,000 \r\n595,000 371,449 1,466,547 \r\n57,792,996 \r\n(57,792,996) \r\n \r\n706,016 2,824 (10,966,449) \r\n(10,257,609) \r\n(28,459,662) \r\n \r\n10,000,000 - \r\n10,000,000 \r\n(51,081,106) \r\n \r\n104,415,000 3,097,709 966,449 (2,824) \r\n108,476,334 \r\n50,683,338 \r\n \r\n109,727,217 \r\n \r\n136,885,042 \r\n \r\n$ \r\n \r\n81,267,555 $ \r\n \r\n85,803,936 $ \r\n \r\n2,825 50,686,163 $ \r\n \r\nThe accompanying notes are an integral part of the basic financial statements. \r\n \r\n31,718,972 \r\n14,460,085 31,354,768 \r\n9,590 2,790,652 1,411,364 \r\n716,701 54,069 \r\n1,708,121 2,122,936 2,656,481 \r\n15,657 - \r\n- \r\n89,019,396 \r\n(5,462,386) \r\n- \r\n- \r\n(5,462,386) \r\n11,831,895 \r\n6,369,509 $ \r\n \r\n373,889,853 \r\n38,474,947 49,820,431 \r\n9,446,870 14,320,518 32,841,337 16,837,414 96,145,841 26,016,620 36,238,019 \r\n4,323,494 15,657 \r\n170,374,153 \r\n5,934,366 1,803,937 1,466,547 \r\n877,950,004 \r\n(142,538,541) \r\n104,415,000 3,097,709 706,016 \r\n10,969,273 (10,969,273) \r\n108,218,725 \r\n(34,319,816) \r\n258,446,979 \r\n224,127,163 \r\n \r\n19 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nReconciliation of Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances To the Government-wide Statement of Activities For the Fiscal Year Ended June 30, 2011 \r\n \r\nTotal Net Change in Fund Balances - Governmental Funds Amounts reported for Governmental Activities are different because: \r\n \r\n$ (34,319,816) \r\n \r\nGovernmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays of exceed depreciation of in the current period. \r\n \r\nCapital outlays Depreciation expense \r\n \r\n160,894,669 (34,968,029) \r\n \r\nThe net effect of various miscellaneous transactions involving disposal of capital assets which decreased net assets. \r\n \r\nHistorical cost of disposal of capital assets (land, vehicles, buildings, and building improvements) Accumulated depreciation \r\n \r\n(2,276,489) 2,184,939 \r\n \r\n125,926,640 (91,550) \r\n \r\nRevenues reported in the statement of activities that do not provide current financial resources and, therefore, are not reported as revenues in governmental funds. \r\nDeferred property tax Deferred sales tax Capital Contributions \r\n \r\n24,497,981 (4,777,168) 23,600,000 43,320,813 \r\n \r\nPension contributions in excess of Annual Required Contributions are reported as assets for Governmental Activities. \r\n \r\nBond issuance costs are reported as an expenditure in Government Funds, but are reported as deferred charges on the Statement of Net Assets and amortized over the term of the debt, using the effective interest method. \r\n \r\nAccrued interest is reported in the government-wide statement of activities, but does not require the use of current financial resources and therefore is not reported as an expenditure in governmental funds. \r\n \r\nSome expenses reported in the statement of activities do not require the use of current financial resources and , therefore, are not reported as expenditures in governmental funds. The issuance of longterm debt (e.g., leases, notes) provides current financial resources. \r\n \r\nPrincipal payments on capital leases Principal payments on intergovernmental agreement - City \r\nof Atlanta Principal payments on Education Reform Success Proceeds from Education Reform Success 2011A Proceeds from Education Reform Success 2011B Proceeds from unamortized premium ERS 2011B Compensated absences Contingent legal liabilitites Contingent liabilities - Sales Tax Refund Contingent liabilities - SPLOST Refund Workers' compensation \r\n \r\n4,316,491 \r\n1,022,875 595,000 \r\n(72,460,000) (31,955,000) \r\n(3,097,709) 203,380 \r\n1,279,179 2,526,157 29,064,201 (875,961) \r\n \r\n1,941,406 1,466,547 (454,246) \r\n(69,381,387) \r\n \r\nCHANGE IN NET ASSETS OF GOVERNMENTAL ACTIVITIES The accompanying notes are an integral part of the basic financial statements. \r\n \r\n$ 68,408,407 \r\n \r\n20 \r\n \r\n Atlanta Independent School System Statement of Net Assets \r\nProprietary Fund - Food Services June 30, 2011 \r\n \r\nASSETS \r\nCurrent assets: Cash and cash equivalents Due from other governments Other receivables Inventories \r\nTotal Assets \r\nLIABILITIES \r\nLiabilities: Current Liabilities: \r\nAccounts payable and accrued liabilities Due to other funds Unearned revenue \r\nTotal Liabilities \r\nNET ASSETS \r\nUnrestricted \r\nTotal net assets \r\nTOTAL LIABILITIES AND NET ASSETS \r\n \r\n$ \r\n \r\n6,404,725 \r\n \r\n275,727 \r\n \r\n3,731 \r\n \r\n681,110 \r\n \r\n$ \r\n \r\n7,365,293 \r\n \r\n$ \r\n \r\n922,905 \r\n \r\n4,175,042 \r\n \r\n83,702 \r\n \r\n5,181,649 \r\n \r\n$ \r\n \r\n2,183,644 \r\n \r\n2,183,644 \r\n \r\n$ \r\n \r\n7,365,293 \r\n \r\nThe accompanying notes are an integral part of the basic financial statements. \r\n \r\n21 \r\n \r\n Atlanta Independent School System Statement of Revenues, Expenses and Changes in Net Assets \r\nProprietary Fund - Food Services For the Fiscal Year Ended, June 30, 2011 \r\n \r\nOperating revenue: Charges for services \r\nOperating expenses Personnel costs Professional and contract services Supplies and materials Other operating costs \r\nTotal Operating Expenses \r\nOperating Loss \r\nNonoperating revenues Grants - Child Nutrition Program Investment Income \r\nTotal Nonoperating revenues: \r\nChanges in net assets \r\nNet Assets Beginning of Fiscal Year \r\nNET ASSETS, END OF FISCAL YEAR \r\n \r\n$ \r\n \r\n1,695,061 \r\n \r\n3,434,929 17,718,346 \r\n1,796,025 851,232 \r\n23,800,532 \r\n(22,105,471) \r\n \r\n22,233,560 17,068 \r\n22,250,628 \r\n \r\n145,157 \r\n \r\n2,038,487 \r\n \r\n$ \r\n \r\n2,183,644 \r\n \r\nThe accompanying notes are an integral part of the basic financial statements. \r\n \r\n22 \r\n \r\n Atlanta Independent School System Statement of Cash Flows \r\nProprietary Fund - Food Services For the Fiscal Year Ended June 30, 2011 \r\n \r\nCash Flow From Operating Activities Cash received from user charges Cash payments to employees for services Cash payments to suppliers for goods and services \r\nNet cash used for operating activities \r\nCash Flows From Non-capital Financing Activities Non-operating grants received \r\nNet cash provided from for non-capital financing activities \r\nCash Flows From Investing Activities Interest on bank accounts \r\nNet cash provided by investing activities \r\nNet change in cash and cash equivalents \r\nCash and cash equivalents, beginning of fiscal year \r\nCash and cash equivalents, end of fiscal year \r\n \r\n$ \r\n \r\n1,808,059 \r\n \r\n(3,683,724) \r\n \r\n(15,941,761) \r\n \r\n(17,817,426) \r\n \r\n19,610,913 19,610,913 \r\n \r\n17,068 17,068 1,810,555 \r\n \r\n4,594,170 \r\n \r\n$ \r\n \r\n6,404,725 \r\n \r\nReconciliation of operating (loss) to net cash provided (used) by operating activities: \r\nOperating (loss) Adjustments to reconcile operating loss to net \r\ncash provided (used) by operating activities: Commmodities used \r\nChanges in Assets and Liabilities Decrease in Accounts Receivables Increase in liabilities \r\nNet cash used for operating activities \r\nNoncash Non-Capital Financing Activities USDA donated food commodity \r\n \r\n$ \r\n \r\n(22,105,471) \r\n \r\n2,042,623 \r\n \r\n112,998 2,132,424 \r\n \r\n$ \r\n \r\n(17,817,426) \r\n \r\n$ \r\n \r\n2,042,623 \r\n \r\nThe accompanying notes are an integral part of the basic financial statements. \r\n \r\n23 \r\n \r\n Atlanta Independent School System Statement of Fiduciary Assets and Liabilities \r\nJune 30, 2011 \r\n \r\nAssets: Cash and cash equivalents \r\n \r\nAgency Fund Local School, Club and Class \r\nFunds \r\n \r\n$ \r\n \r\n573,842 \r\n \r\nLiabilities: \r\n \r\nDue to local schools and student groups \r\n \r\n$ \r\n \r\n573,842 \r\n \r\nThe accompanying notes are an integral part of the basic financial statements. \r\n \r\n24 \r\n \r\n ` \r\nNOTES TO THE BASIC FINANCIAL STATEMENTS \r\n \r\n  Atlanta Independent School System \r\nNotes to the Basic Financial Statements \r\nJune 30, 2011 \r\nA. Summary of Significant Accounting Policies The financial statements of the School System have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) as applicable to government units. The more significant of the School System's accounting policies are summarized below. \r\n1. Reporting Entity The Atlanta Independent School System (School System) was established by the Georgia State Legislature and is composed of nine publicly elected members serving four-year terms. The School System has the authority to approve its own budget and to provide for the levy of taxes to cover the cost of operations and maintenance and to cover debt service payments. Additionally, the School System has decision-making authority, the power to approve selection of management personnel, the ability to significantly influence operations, and primary accountability for fiscal matters. Accordingly, the School System is a primary government and consists of all the organizations that compose its legal entity. \r\nAs required by generally accepted accounting principles, these financial statements present the School System and its component units, entities for which the School System is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the School System's operations. Therefore, data from these units are combined with data of the School System. \r\nBlended Component Unit Education Reform Success, Inc., (ERS) (a non-profit corporation) was established by the School System for the purpose of providing financing for some of the School System's buildings and equipment. The School System has a voting majority on the Board. ERS has issued certificates of participation (COPS) for the acquisition and construction of facilities and equipment. The COPS are repayable solely from payments made by the School System to ERS under a lease agreement for the related facilities and equipment. Accordingly, the COPS and the related capital assets are reported in the government-wide financial statements. Separate financial statements for ERS are not prepared. \r\n2. Government-Wide and Fund Financial Statements The government-wide financial statements (i.e., the statement of net assets and the statement of activities) report information on all of the non-fiduciary activities of the School System and its' component units. The effects of inter-fund activity have been netted in these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. \r\n25 \r\n \r\n The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to applicants who use, or directly benefit from goods, services or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. \r\nSeparate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds are reported as separate columns in the governmental fund financial statements. \r\n3. Measurement Focus, Basis of Accounting, and Financial Statement Presentation \r\nThe government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund and fiduciary fund financial statements. The agency fund does not have a measurement focus. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the fiscal year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. \r\nGovernmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the School System considers revenues to be available if they are collected within 30 days of the end of the fiscal period. The State of Georgia reimburses the School System for teachers' salaries and operating costs through the Quality Basic Education Formula Earnings program (QBE). Generally, teachers are contracted for the school year (July 1  June 30) and paid over a twelve month contract period, generally September 1 through August 31. In accordance with the respective rules and regulations of the QBE program, the State of Georgia reimburses the School System over the same twelve month period in which teachers are paid. At June 30, the amount of teachers' salaries incurred but not paid until July and August of the subsequent year are accrued. Since the State of Georgia recognizes its QBE liability for the July and August salaries at June 30, the School System recognizes the same QBE as a receivable and revenue, consistent with symmetrical recognition. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due. \r\nProperty taxes, sales taxes, intergovernmental revenues and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when cash is received by the School System. \r\nThe School System reports the following major government funds: \r\n26 \r\n \r\n General Fund - The General Fund is the School System's primary operating fund. It accounts for all financial transactions of the School System, except those required to be accounted for in another fund. \r\nCapital Projects Fund - This fund accounts for resources which are used exclusively for acquiring school sites, constructing and equipping new school facilities, and renovating existing facilities. The major revenue sources are proceeds from debt proceeds, bond sales, property tax revenue, special purpose local option sales tax revenues and amounts received from the State of Georgia. \r\nEducation Reform Success (ERS) Capital Projects Fund - This fund was established by the School System for the purpose of providing financing for some of the School System's buildings and equipment. ERS has issued certificates of participation (COPS) for the acquisition and construction of facilities and equipment. \r\nThe School System reports the following major proprietary fund: \r\nFood Services Fund - The primary purpose of the Food Services Fund is to account for activities of the School System's school breakfast and lunch programs, which are funded primarily by the United States Department of Agriculture, passed through the Georgia Department of Education. \r\nPrivate-sector standards of accounting and financial reporting issued prior to December 1, 1989, generally are followed in both the government-wide and proprietary fund financial statements to the extent that those standards do not conflict with or contradict guidance of the Governmental Accounting Standards Board. Governments also have the option of following subsequent private-sector guidance for their business-type activities and enterprise funds, subject to this same limitation. The School System has elected not to follow subsequent private-sector guidance. \r\nProprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. Operating expenses for the enterprises fund includes the cost of sales and services, administrative expenses and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. Proprietary funds and fiduciary funds employ the economic resources measurement focus and are accounted for on the accrual basis. \r\nThe fiduciary fund accounts for assets held by the School System in a trustee capacity or as an agent on behalf of others. The School System reports the following fiduciary fund: \r\nAgency Fund - This fund is used to account for local school student club and class accounts. It is custodial in nature and does not involve measurement of results of operations. \r\nThe fiduciary fund is excluded from the government-wide financial statements. \r\n4. Assets, Liabilities and Net Assets or Equity \r\na. Cash Equivalents \r\nThe School System considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Georgia Laws, OCGA 45-8-14, authorizes the \r\n27 \r\n \r\n School System to deposit its funds in one or more solvent banks or insured Federal savings and loan associations. \r\nb. Investments Investments made by the School System in nonparticipating interest-earning contracts (such as certificates of deposit) and repurchase agreements are reported at cost. Participating interest-earning contracts and money market investments with a maturity at purchase of one year or less are reported at amortized cost. Both participating interest-earning contracts and money market investments with a maturity at purchase greater than one year and equity investments are reported at fair value. The Official Code of Georgia Annotated Section 3683-4 authorizes the School System to invest its funds. In selecting among options for investment or among institutional bids for deposits, the highest rate of return shall be the objective, given equivalent conditions of safety and liquidity. Funds may be invested in the following: \r\n1) Obligations issued by the State of Georgia or by other states \r\n2) Obligations issued by the United States government \r\n3) Obligations fully insured or guaranteed by the United States government or a United States government agency \r\n4) Obligations of any corporation of the United States government \r\n5) Prime banker's acceptances \r\n6) The Local Government Investment Pool administered by the State of Georgia, Office of Treasury and Fiscal Services \r\n7) Repurchase agreements \r\n8) Obligations of other political subdivisions of the State of Georgia \r\nc. Receivables Receivables consist of amounts due from property and sales taxes, grant reimbursements due on Federal, State or other grants for expenditures made but not reimbursed and other receivables disclosed from information available. Receivables are recorded when either the asset or revenue recognition criteria has been met. \r\nd. Inventories and Prepaids Inventories are valued at cost using the first-in, first-out method of accounting. The costs of food services fund inventories are recorded as expenditures when consumed (consumption method). Prepaids are payments made to vendors for services that will benefit periods beyond June 30, 2011 and are recorded as prepaid items in the government-wide financial statements. \r\n28 \r\n \r\n e. Capital Assets \r\nCapital assets purchased, including capital outlay costs, are recorded as expenditures in the fund financial statements at the time of purchase (including ancillary charges). On the Government-wide financial statements, all purchased capital assets are valued at cost where historical records are available and at estimated historical cost based on appraisals or deflated current replacement cost where no historical records exist. Donated capital assets are recorded at their estimated market value at the date of donation. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not included in the cost of capital assets. The School System does not capitalize book collections or works of art. \r\n \r\nCapitalization thresholds and estimated useful lives of capital assets reported in the government-wide statements and proprietary funds are as follows: \r\n \r\nCapitalization Policy \r\n \r\nEstimated Useful Life \r\n \r\nLand Land Improvements Buildings Building Improvements Furniture and Fixtures Vehicles Equipment Capital Leases Intangible Assets \r\n \r\nAll $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 \r\n \r\nN/A 10 to 20 years 20 to 50 years 10 to 30 years \r\n3 to 15 years 5 to 8 years \r\n3 to 15 years 3 to 8 years \r\n5 to 10 years \r\n \r\nCapital assets donated to proprietary fund type operations are recorded at their estimated fair value at the date of donation. Depreciation is computed using the straight-line method over the estimated useful life of the assets. \r\nf. Compensated Absences \r\nVacation benefits are accrued as a liability as the benefits are earned if the employees' rights to receive salary related compensation are attributable to services already rendered and it is probable that the School System will compensate the employees for the benefits through paid time off or some other means. Amounts of vested or accumulated vacation leave that are not expected to be liquidated with expendable available financial resources are reported as longterm obligations in the government-wide financial statements and are not liabilities of the governmental funds. \r\ng. Long-term Obligations \r\nIn the governmental-wide financial statements and proprietary fund types in the fund financial statements, long-term debt, and other long-term obligations are reported as liabilities in the applicable governmental activities or business-type activities statement of net assets. Long-term debt and other long-term liabilities that will be paid from governmental funds are not recognized as a liability in the fund financial statements until due but are reported in the government-wide statements as long-term debt. \r\n \r\n29 \r\n \r\n h. Fund Equity \r\nIn the fund financial statements, governmental funds report limitations on the purpose for which all or a portion of the resources of the fund balance can be used. The limitations can vary depending upon their source. Financial statements for governmental funds report up to five components of fund balance: \r\n \r\nNonspendable  Amounts that cannot be spent either because they are in a nonspendable form or because they are legally or contractually required to be maintained intact. \r\nRestricted  Amounts that can be spent only for specific purposes because of state or federal laws, or externally imposed conditions by grantors or creditors. \r\nCommitted  Amounts that can be used only for specific purposes determined by formal action by the Board of Education. The Board of Education is the School District's highest level of decision-making authority, and the formal action that is required to be taken to establish, modify, or rescind a fund balance commitment is a resolution approved by the Board. \r\nAssigned  Amounts that are designated by the Superintendent, or designee (Chief Financial Officer), for a particular purpose. \r\nUnassigned  All amount not included in other spendable classifications. \r\n \r\nFund Balances of the Governmental Funds at June 30, 2011 are as follows: \r\n \r\nFUND BALANCES \r\n \r\nNonspendable- The following are nonspendable because they are not in spendable form: \r\n \r\nGeneral Fund- Prepaid Items \r\n \r\n$ \r\n \r\n456,347 \r\n \r\n456,347 \r\n \r\nRestricted - The following fund balances are legally restricted to specified purposes: \r\n \r\nGeneral Fund - Debt Service Capital Projects Fund- Capital Projects ERS - School construction Non-Major Funds - Continuation of Federal programs Non-Major - Other State and Local programs \r\n \r\n1,104,717 56,905,042 50,686,163 \r\n14,077 4,145,071 \r\n \r\n112,855,070 \r\n \r\nCommitted - The following fund balances are committed to specific purposes: \r\n \r\nGeneral Fund - School Based Activities General Fund - For instruction and support services expenditures \r\n \r\n995,134 16,000,000 \r\n \r\n16,995,134 \r\n \r\nAssigned - The following fund balances are assigned to specific purposes: \r\n \r\nGeneral Fund - For fiscal year 2012 budget deficit Capital Projects Fund- Capital Projects Non-Major Funds- Local school programs \r\n \r\n16,000,000 28,898,894 2,210,361 \r\n \r\n47,109,255 \r\n \r\nUnassigned - The following fund balances are not included in the other categories: \r\n \r\nGeneral Fund \r\n \r\n46,711,357 \r\n \r\n46,711,357 \r\n \r\nTotal Fund Balances \r\n \r\n$ 224,127,163 \r\n \r\n30 \r\n \r\n When multiple categories of fund balance are available for expenditure, the School System will use restricted amounts first and then unrestricted amounts as they are needed. For unrestricted amounts of fund balance, the School System will use fund balance in the following order: committed, assigned, and then unassigned. \r\ni. Net Assets \r\nNet assets represent the difference between assets and liabilities. Net assets invested in capital assets, net of related debt consists of capital assets, net of accumulated depreciation, reduced by the outstanding balances of any borrowings used for the acquisition, construction or improvement of those assets. Net assets are reported as restricted when there are limitations imposed on their use either through external restrictions imposed by creditors, grantors or laws or regulations of other governments. \r\nThe School System applies restricted resources when an expense is incurred for purposes for which both restricted and unrestricted net assets are available. \r\nj. Use of Estimates \r\nThe preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets, liabilities, revenue and expenses including the disclosure of contingent assets and liabilities. Actual amounts could differ from those estimates. \r\nWorkers Compensation: \r\nThe School System recognizes in the government-wide statements the liabilities for estimated losses to be incurred from pending worker compensation claims and for worker compensation claims incurred but not reported (IBNR). IBNR claims are estimates of claims that are incurred through the end of the fiscal year but have not yet been reported. These liabilities are based on actuarial valuations. \r\nk. Deferred(Unearned) Revenue \r\nThe government-wide financial statements use the accrual basis of accounting. Revenue is recognized when earned. Property taxes are recognized as revenue in the fiscal year for which they are levied. Deferred revenues reported in governmental fund financial statements represent unearned revenues or revenues, which are measurable but not available and, in accordance with the modified basis of accounting. \r\nB. Budgets and Budgetary Accounting \r\nAtlanta Independent School System employs zero-based budgeting for budget preparation. The zerobased budgeting process provides for the identification and prioritization of school system activities and resources starting from zero and accumulating to the targeted funding level. Each activity is linked to the goal, objectives and mission of the System and ranked as to its importance. As the proposed budget moves through each level of the organization, program activities and goals are aggregated further and ranked again. The final budget produced and presented is one, which includes all program activities ranked in order of importance in reaching the System's mission. Our basis of budget presentation is in accordance with GAAP. \r\n31 \r\n \r\n The School System follows these procedures in establishing the budgetary data reflected in the financial statements: \r\n1. Budget requests are completed in December. \r\n2. Proposed budgets are consolidated and reviewed by the CFO, and submitted to the Superintendent of Schools and Budget Commission for additional review prior to approval by the Atlanta Board of Education. \r\n3. Public hearings on the proposed budget are held in March and April. \r\n4. The annual budget is legally adopted by the Board in May for the General Fund and Special Revenue Funds in June. \r\n5. The administrative level of budgetary control upon adoption is at the program level. The Atlanta Board of Education must approve revisions between salary and non-salary expenditures. Transfer of budgeted amounts between object categories within program functions requires the approval of the budget center manager. \r\n6. Revenues and expenditures of the Capital Projects Fund are budgeted on an annual basis. \r\n7. Education Reform Success (ERS) does not have a legally adopted budget. \r\n8. The Atlanta Board of Education approves the budget for the Special Revenue Funds as a whole, which is the legal level of budgetary control (the level at which expenditures may not legally exceed appropriations). The combined Special Revenue Funds budget to actual schedule does not include the Proprietary Fund which is included when provided to the board for approval. \r\n \r\nC. Fund Deficit/Excess Expenditures over Appropriations of Individual Funds \r\n \r\nThe following funds reported excess expenditures over final budget: \r\n \r\nGENERAL FUND \r\n \r\nInstruction Salary Non-Salary \r\n \r\n$18,484,843 $39,470,477 \r\n \r\nMaintenance and Operation \r\n \r\nSalary \r\n \r\n$28,360,413 \r\n \r\nPupil Services Non-Salary \r\n \r\n$2,410,991 \r\n \r\nStudent Transportation \r\n \r\nSalary \r\n \r\n$10,970,338 \r\n \r\nGeneral Administration Non-Salary $1,547,003 \r\nDebt Service Principal $5,339,366 \r\n \r\nTransfers \r\n \r\n$10,966,449 \r\n \r\nSPECIAL REVENUE FUND - COMBINED \r\n \r\nPupil Services Salary \r\n \r\n$2,161,424 \r\n \r\nSchool Administration \r\n \r\nSalary \r\n \r\n$267,950 \r\n \r\nStudent Transportation \r\n \r\nSalary \r\n \r\n$359,231 \r\n \r\nCAPITAL PROJECTS FUND \r\n \r\nMaintenance and Operations \r\n \r\nNon-Salary \r\n \r\n$3,255,860 \r\n \r\nCentral Support \r\nNon-Salary \r\n \r\n$2,601,758 \r\n \r\n32 \r\n \r\n D: Deposits and Investments Risks \r\nDeposits (Governmental Funds) \r\nThe School System's cash and investment policy limits deposits to demand and money market accounts and time deposits at local banks. The School System's deposit shall be secured by Federal Depositary Insurance Corporation (FDIC) coverage and /or bank pledges. State statutes require banks holding public funds to secure the funds by FDIC insurance, securities pledged at par value, and surety bonds at face value in combined aggregate totaling not less than 110 percent of the public funds held. State statutes define acceptable security for collateralization. \r\nGeorgia Fund 1, created by OCGA 36-83-8, is a stable net asset value investment pool which follows Standard and Poor's criteria for AAAm rated money market funds. However, Georgia 1 Fund operates in a manner consistent with Rule 2a-7 of the Investment Company Act of 1940 and is considered to be a 2a-7 like pool. The pool is not registered with the SEC as an investment company. The pool's primary objectives are safety of capital, investment income, liquidity and diversification while maintaining principal ($1.00 per share value). Net asset value is calculated weekly to ensure stability. The pool distributes earnings (net of management fees) on a monthly basis and determines participant's shares sold and redeemed based on a $1.00 per share value. The fair value of the School System's position in the pool is the same as the value of pool shares ($1 per share value). The regulatory oversight agency for Georgia Fund 1 is the Office of Treasury and Fiscal Services of the State of Georgia. \r\nFunds included in this Pool are not required to be collateralized. The fair value of the School System's position in the pool approximates the value of the School System's pool shares. Credit risk, value, and interest risk at June 30, 2011 are as follows: \r\n \r\nCredit Risk AAAm rated \r\n \r\nValue $52,128,727 \r\n \r\nInterest Risk 59 day WAM \r\n \r\nThe School System classifies its investments in Georgia Fund I as cash and cash equivalents. \r\nCategorization of Deposits As of June 30, 2011, all of the School System's deposits were covered either by FDIC or collateralized by the financial institution or a combination of both. \r\nCategorization of Investments The School System's investments as of June 30, 2011, are presented below. All investments are presented by investment type and debt securities are presented by maturity. \r\n \r\n33 \r\n \r\n Investment Type \r\nDebt Securities U.S. Agencies Implicitly Guaranteed: FNMA, FHLM, FHLB Discount Notes \r\nRepurchase Agreements \r\nOther Investments Certificates of Deposits U.S. Gov't Obligations - U.S. Treasury Bills U.S. Treasury Money Market Mutual Funds (Open End) - cash equivalents Georgia Fund 1 - Cash Equivalents \r\nTotal Investments \r\n \r\nFair Value \r\n \r\nInvestment Maturity Less than One Year \r\n \r\n73,679,606 \r\n51,000,014 124,679,620 \r\n5,000,000 6,999,930 \r\n92,973,852 52,128,727 281,782,129 \r\n \r\n73,679,606 \r\n51,000,014 124,679,620 \r\n5,000,000 6,999,930 \r\n92,973,852 52,128,727 281,782,129 \r\n \r\nInvestment Reconciliation \r\n \r\nTotal Investments \r\n \r\nGeneral Fund Investments Capital Projects Investments Georgia Fund I - Cash Equivalents Education Reform Success-money market \r\n \r\n93,149,694 85,513,231 52,128,727 50,990,477 \r\n \r\n281,782,129 \r\n \r\nReclass to Cash and Cash Equivalents \r\n \r\nInvestments on Balance Sheet as of \r\nJune 30, 2011 \r\n \r\n(21,150,276) (20,833,098) (52,128,727) (50,990,477) \r\n \r\n71,999,418 64,680,133 \r\n- \r\n \r\n(145,102,578) \r\n \r\n136,679,551 \r\n \r\nInterest Rate Risk Interest rate risk is the risk that changes in interest rates of debt investment will adversely affect the fair value of an investment. The School System's investment management policy limits investment maturities to 3 years as a means of managing its exposure to fair value losses arising from increasing interest rates. \r\n \r\nCustodial Credit Risk Custodial credit risks for investments, is the risk that in the event of the failure of the counterparty, the School System will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. Because of the collateralization requirements, the School System has no custodial credit risk for its investments. \r\n \r\nCredit Quality Risk Credit quality risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The School System's policy for managing credit quality risk related to community bank certificates of deposits and repurchase agreements states such investments will only be purchased through banks having at least an AA rating. \r\n \r\nThe investment policy states Repurchase Agreements may only be purchased from a financial institution that has short-term ratings of AA or higher by Standard \u0026 Poor's (S\u0026P) or Aa2 by Moody's. The U.S. Agencies investments are not required to be rated. \r\n \r\n34 \r\n \r\n The investments subject to credit quality risk are reflected below: \r\n \r\nRated Debt Instruments \r\n \r\nFair Value \r\n \r\nQuality Ratings AAA \r\n \r\nU.S. Treasury Money Market Mutual Funds \r\nU.S. Gov't Obligations - U.S. Treasury Bills Georgia Fund 1 - Cash Equivalents Debt Securities U.S. Agencies \r\nImplictly Guaranteed \r\nFNMA, FHLM, FHLB Discount Notes Certificates of Deposits Repurchase Agreements \r\nTotal by Quality Rating \r\n \r\n92,973,852 6,999,930 52,128,727 \r\n \r\n92,973,852 6,999,930 52,128,727 \r\n \r\n73,679,606 5,000,000 51,000,014 281,782,129 \r\n \r\n73,679,606 N/A \r\n51,000,014 276,782,129 \r\n \r\nConcentration of Credit Risk Concentration of credit risk is the risk of loss that may be attributed to the magnitude of a government's investment in a single issuer. The School System does have a policy concerning the composition of its investment portfolio and is in compliance with its investment policy. \r\n \r\nThe investment policy establishes the following eligible investments individually are not to exceed the following composition in the portfolios of the General Fund, Capital Projects Fund and the Education Reform Success Fund: \r\n \r\nU.S. Treasury Bills Federal Agencies (No more than 40% per issuer) Repurchase Agreements State of Georgia - Georgia Fund 1 Bank Special Purpose Money Market Funds Commercial Paper Certificates of Deposit \r\n \r\n100% 65% 30% 25% 25% 20% 10% \r\n \r\nInvestments in any one issuer that represents 5% or more of the total investments were as follows as of June 30, 2011: \r\n \r\nIssuer \r\n \r\nInvestment Type \r\n \r\n% of Total Investments \r\n \r\nTri Party Repo Agreement US MONEY MARKET BOFA Government Reserves Capital US MONEY MARKET- Georgia Fund 1 Federal National Mortgage Association Federal Home Loan Mortgage Corporation Federal Home Loan Bank Financial Institutions US Treasury Bill \r\nUS Bank Money Market \r\n \r\nRepurchase Agreement Bank special purpose Money Market Funds Bank special purpose Money Market Funds Federal Agency Securities Federal Agency Securities Federal Agency Securities Certificates of Deposits Bank special purpose Money Market Funds \r\nBank special purpose Money Market Funds \r\n \r\n18.10% 14.90% 18.50% 2.80% 9.51% 13.84% 1.77% 2.48% \r\n18.10% \r\n \r\n35 \r\n \r\n Foreign Currency Risk \r\nForeign currency risk is the risk that changes in exchange rates will adversely affect the fair value of an investment or deposit. Foreign investments are prohibited by law in Georgia. \r\nE. Due from Other Governments \r\nDue from other governments consists of grant reimbursements due primarily from the Georgia Department of Education for expenditures made, but not yet reimbursed and amounts due from City of Atlanta for bonds issued and unspent tax collections, collected and held by the City of Atlanta on behalf of the School System. \r\nF. Property Taxes and Other Receivables \r\nProperty taxes are normally levied and billed by July 1, based on property values assessed as of January 1, on all real and personal property located within the City of Atlanta. Property taxes are due by October 15, 2011 at which time they become delinquent and penalties and interest may be assessed and liens may be attached to property. An allowance has been established for estimated amounts that will not be collected. The School System considers revenues to be available if they are collected within 30 days of the end of the current fiscal year. \r\n \r\nGeneral Fund \r\n \r\nProperty Taxes Receivable 27,863,454 \r\n \r\nAllowance for Uncollectible \r\n(12,337,556) \r\n \r\nNet Property Receivable \r\n15,525,898 \r\n \r\nGeneral Fund \r\n \r\nOther Receivable \r\n568,215 \r\n \r\nAllowance for Uncollectible \r\n(450,000) \r\n \r\nNet Other Receivable \r\n118,215 \r\n \r\nCapital Projects Fund \r\n \r\nSPLOST Tax Receivable \r\n6,730,555 \r\n \r\nAllowance for Uncollectible \r\n- \r\n \r\nNet SPLOST Tax Receivable \r\n6,730,555 \r\n \r\n36 \r\n \r\n G. Capital Assets \r\n \r\nThe following is a summary of changes in the Capital Assets during the fiscal year ended June 30, \r\n \r\n2011: \r\n \r\nDecreases \u0026 \r\n \r\nBeginning \r\n \r\nTransfers to \r\n \r\nEnding \r\n \r\nBalance \r\n \r\nIncreases \r\n \r\nService \r\n \r\nBalance \r\n \r\nGovernmental activities: \r\n \r\n0211-0000 Land \r\n \r\n87,483,309 F1 19,005,585 A1 \r\n \r\n(36,891) B1 106,452,003 \r\n \r\n0251-0000 Construction in Progress \r\n \r\n128,030,221 F2 153,744,174 A2 (121,096,039) B2 160,678,356 \r\n \r\nTotal Non-Depreciable Assets \r\n \r\n215,513,530 \r\n \r\n172,749,759 \r\n \r\n(121,132,930) \r\n \r\n267,130,359 \r\n \r\n0231-0000 Buildings 0231-0001 Building Improvements 0221-0000 Land Improvements 0241-0000 Equipment 0241-0002 Furniture \u0026 Fixtures 0241-0001 Vehicles \r\nTotal Depreciable assets \r\n \r\n1,005,852,815 F3 113,927,712 F4 16,927,983 F5 5,120,896 F6 56,030 F7 28,509,543 F8 \r\n1,170,394,979 \r\n \r\n102,274,611 A3 24,541,788 A4 2,159,764 A5 3,864,786 A6 \r\nA7 A8 132,840,949 \r\n \r\n(88,000) B3 (374,805) B4 \r\nB5 B6 B7 (1,776,793) B8 (2,239,598) \r\n \r\n1,108,039,426 138,094,695 19,087,747 8,985,682 56,030 26,732,750 \r\n1,300,996,330 \r\n \r\nTotal at Historical Cost \r\n \r\n1,385,908,509 \r\n \r\n305,590,708 \r\n \r\n(123,372,528) \r\n \r\n1,568,126,689 \r\n \r\nLess Accumulated Depreciation 0232-0000 Buildings 0232-0001 Building Improvements 0222-0000 Land Improvements 0242-0000 Equipment 0242-0002 Furniture \u0026 Fixtures 0242-0001 Vehicles \r\n \r\n235,937,907 F10 30,171,876 F11 6,803,699 F12 3,080,104 F13 \r\n6,070 F14 10,709,008 F15 \r\n \r\n20,854,262 A10 8,253,532 A11 1,013,785 A12 1,319,553 A13 \r\n5,603 A14 3,521,294 A15 \r\n \r\n(88,000) B10 (320,146) B11 \r\nB12 B13 B14 (1,776,793) B15 \r\n \r\n256,704,169 38,105,262 7,817,484 4,399,657 \r\n11,673 12,453,509 \r\n \r\nTotal Accumulated Depreciation \r\n \r\n286,708,664 \r\n \r\n34,968,029 \r\n \r\n(2,184,939) \r\n \r\n319,491,754 \r\n \r\nGovernmental activities capital assets, net \r\n \r\n1,099,199,845 \r\n \r\n270,622,679 \r\n \r\n(121,187,589) \r\n \r\n1,248,634,935 \r\n \r\nFor the fiscal year ended June 30, 2011, the School System transferred $121,096,039 from construction in progress to depreciable capital assets. \r\n \r\nDepreciation expense was charged to governmental functions as follows: \r\n \r\nInstruction \r\n \r\n$ 29,443,919 \r\n \r\nSupport Services \r\n \r\nPupil Services \r\n \r\n27,215 \r\n \r\nEducational Media \r\n \r\n41,457 \r\n \r\nBusiness Administration \r\n \r\n2,103,050 \r\n \r\nMaintenance and operation of facilities \r\n \r\n86,953 \r\n \r\nStudent transportation \r\n \r\n3,265,435 \r\n \r\nTotal \r\n \r\n$ 34,968,029 \r\n \r\n37 \r\n \r\n H. Long-term Debt \r\nCapital Leases \r\nThe School System has entered into various equipment lease agreements. These lease agreements qualify as capital leases for accounting purposes and, therefore, have been recorded at the present value of the future minimum lease payments as of the date of inception. \r\nIn 2008, the School System entered into a lease agreement for the purchase of various capital assets in the amount of $20,000,000. These leases were advanced funded. As of June 30, 2011, all the advance funds have been used to purchase capitalized assets. \r\n \r\nThe capital assets acquired through capital leases are as follows: \r\n \r\nBuses \r\n \r\nAsset \r\n \r\nGovernmental Activites \r\n$ 11,136,550 \r\n \r\nLess: Accumulated depreciation Net Capital Assets \r\n \r\n(4,957,360) $ 6,179,190 \r\n \r\nThe following is a schedule of the future minimum lease payments under capital leases and the total present value: \r\n \r\nFiscal Year Ending Total minimum payments \r\n \r\n2012 2013 2014 2015 2016 2017-2020 \r\n \r\nGovernmental Activites 2,129,354 2,129,354 1,470,357 1,470,357 1,469,917 2,300,268 10,969,607 \r\n \r\nLess: Amount representing interest \r\n \r\n(1,287,602) \r\n \r\nPresent value of minimum payments \r\n \r\n$ \r\n \r\n9,682,005 \r\n \r\nIntergovernmental Agreement \r\nOver the years, the City of Atlanta has issued various annual general obligation bonds and general obligation refunding bonds on behalf of the School System. The debt service for the bonds has been funded through the School System's bonded debt portion of the annual tax levy. The maturity date for the bonds is December 21, 2027. The bonded debt portion of property taxes collected by the City on behalf of the School System is retained by the City and used to pay the annual debt service on the outstanding bonds. The debt service payments are calculated using assumptions and estimates based on information available. As of June 30, 2011, $1,104,717 is available and held by the City. \r\nGeneral Obligation Bonds currently outstanding at the City of Atlanta on behalf of the School System are as follows: \r\n38 \r\n \r\n Purpose Governmental activities \r\n \r\nInterest Rate 3-5% \r\n \r\nAmount $18,439,000 \r\n \r\nIn prior fiscal years, the City of Atlanta School System defeased certain bonds by placing funds in an irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the trust account assets and the liability for the defeased bonds are not included in the School System's basic financial statements. At June 30, 2011, $58,865,000 of bonds is outstanding and is considered defeased. \r\n \r\nEducation Reform Success, Inc. (COPS) \r\nIn October 2006, ERS issued certificates of participation (COPS) on behalf of the School System in the amount of $10,115,000. The proceeds from the certificates were used to finance the renovations and improvements to the Instructional Service Center. \r\n \r\nIn June 2011, ERS issued COPS on behalf of the School System in the amount of $104,415,000, (Series 2011A, $72,460,000) and (Series 2011B, $31,955,000). The proceeds from the certificates will be used to finance the construction and or renovation of North Atlanta High School. Interest rates varies (5.457% - 5.657% for Series 2011A and 2% - 5% for Series 2011B) and payments are due on March 1 and September 1 of each year until maturity (maturity dates for series 2011A is March 1, 2027 and March 1, 2017 for Series 2011B). \r\n \r\nI. Long-Term Obligations Changes in long-term obligations during the fiscal year ended June 30, 2011, were as follows: \r\n \r\nGovernmental activities: Long-term debt \r\nCapital leases Intergovernmental agreement- \r\nCity of Atlanta ERS, Inc (COPS, Series 2006/2007) ERS, Inc (COPS, Series 2011A) ERS, Inc (COPS, Series 2011B) Unamortized premium 2011B \r\nTotal long-term debt \r\n \r\nBeginning Balance \r\n \r\nAdditions Deductions \r\n \r\nEnding Balance \r\n \r\nAmounts Due within One Year \r\n \r\n$ 13,998,496 $ \r\n \r\n- $ (4,316,491) $ 9,682,005 $ 1,778,535 \r\n \r\n19,461,875 8,995,000 \r\n42,455,371 \r\n \r\n72,460,000 31,955,000 3,097,709 107,512,709 \r\n \r\n(1,022,875) (595,000) - \r\n(5,934,366) \r\n \r\n18,439,000 8,400,000 72,460,000 31,955,000 3,097,709 144,033,714 \r\n \r\n1,040,875 620,000 - \r\n3,439,410 \r\n \r\nOther long-term liabilities Compensated absences Contingent legal liabilitites Contingent liabilities - sales tax refund Contingent liabilities - SPLOST refund Workers' compensation Total other long-term liabilities \r\n \r\n5,803,613 2,591,155 2,526,157 29,064,201 6,382,039 46,367,165 \r\n \r\n2,287,003 531,972 - \r\n5,001,577 3,767,909 11,588,461 \r\n \r\n(2,490,383) (1,811,151) (2,526,157) (34,065,778) (2,891,948) (43,785,417) \r\n \r\n5,600,233 1,311,976 \r\n7,258,000 14,170,209 \r\n \r\n2,594,285 557,004 - \r\n2,106,908 5,258,197 \r\n \r\nTotal long-term obligations \r\n \r\n$ 88,822,536 $ 119,101,170 $ (49,719,783) $ 158,203,923 $ 8,697,607 \r\n \r\nNote: The General Fund has been typically used to liquidate the liability for compensated absences, contingent liabilities and worker's compensation. \r\n \r\n39 \r\n \r\n The Contingent liabilities amount of $34,068,778 for SPLOST refund is now reflected at the governmental fund level as due to other governments. This amount ($34,065,778) represents amounts due to Fulton County Board of Education for excess ELOST III proceeds received by APS from the Georgia Department of Revenue which Fulton County Board of Education was legally entitled to. \r\nAt June 30, 2011, payments due by fiscal year, which includes principal and interest for these items, are as follows: \r\n \r\nFiscal Year Ending \r\n2012 2013 2014 2015 2016 2017-2021 2022-2026 2027 Total Principal and Interest \r\n \r\nIntergovernmental Agreements \r\n \r\nCapital Leases \r\n \r\nCity of Atlanta \r\n \r\nPrincipal \r\n \r\nInterest \r\n \r\nPrincipal \r\n \r\nInterest \r\n \r\n1,778,535 1,841,220 1,247,378 1,293,514 1,340,902 2,180,456 \r\n$9,682,005 \r\n \r\n350,819 288,134 222,979 176,843 129,015 119,812 \r\n$1,287,602 \r\n \r\n1,040,875 1,086,875 1,143,625 1,264,500 1,325,750 6,708,750 5,528,625 \r\n340,000 $18,439,000 \r\n \r\n875,446 832,790 787,004 736,419 680,609 2,130,391 577,686 \r\n7,013 $6,627,358 \r\n \r\nFiscal Year Ending \r\n2012 2013 2014 2015 2016 2017-2021 2022-2026 2027 Total Principal and Interest \r\n \r\nEducation Reform Success, Inc. Certificates of Participation 2006/2007 Principal Interest \r\n \r\nEducation Reform Success, Inc. Certificates of Participation 2011A Principal Interest \r\n \r\n620,000 346,878 \r\n \r\n645,000 321,275 \r\n \r\n670,000 294,640 \r\n \r\n700,000 266,972 \r\n \r\n730,000 238,066 \r\n \r\n4,110,000 713,990 \r\n \r\n925,000 38,198 \r\n \r\n- \r\n \r\n- \r\n \r\n$8,400,000 $2,220,019 \r\n \r\n47,460,000 25,000,000 $72,460,000 \r\n \r\n2,775,631 4,029,142 4,029,142 4,029,142 4,029,142 20,145,710 18,920,071 1,414,250 $59,372,230 \r\n \r\nEducation Reform Success, Inc. \r\n \r\nCertificates of Participation \r\n \r\n2011B \r\n \r\nPrincipal \r\n \r\nInterest \r\n \r\n5,920,000 6,040,000 6,340,000 6,660,000 6,995,000 \r\n$31,955,000 \r\n \r\n978,326 1,420,150 1,301,750 \r\n999,750 682,750 349,750 \r\n$5,732,476 \r\n \r\n40 \r\n \r\n J. Inter-fund Receivables and Payables Inter-fund receivables and payables net balances as of June 30, 2011 are as follows: \r\n \r\nDue from other funds \r\n \r\nDue to other funds \r\n \r\nGovernments Funds \r\n \r\nGeneral Fund \r\n \r\n$ \r\n \r\n- $ 17,159,617 \r\n \r\nCapital Projects Fund \r\n \r\n29,305,618 \r\n \r\n- \r\n \r\nEducation Reform Success \r\n \r\n150,317 \r\n \r\nNonmajor Governmental Funds \r\n \r\n- \r\n \r\n8,121,276 \r\n \r\nBusiness- Type Fund Food Service Fund \r\n \r\n- \r\n \r\n4,175,042 \r\n \r\n$ 29,455,935 $ 29,455,935 \r\n \r\nDuring the course of its operations, the School System makes transfers between funds to finance operations, provide services and acquire assets. To the extent that certain transfers among funds had not been received as of fiscal year-end, balances of inter-fund amounts receivable or payable have been recorded. It is management's intent to repay inter-fund balances within the next fiscal year. \r\n \r\nK. Inter-fund Transfers \r\nTransfers within the governmental funds for the fiscal year ended June 30, 2011 are as follows: \r\n \r\nGovernmental funds: General Fund Capital Projects Fund Education Reform Success - Capital Projects Fund \r\n \r\nTransfers In \r\n \r\nTransfers Out \r\n \r\n$ \r\n \r\n2,824 (10,966,449) \r\n \r\n10,000,000 \r\n \r\n966,449 \r\n \r\n(2,824) \r\n \r\n$ 10,969,273 $ (10,969,273) \r\n \r\nTransfers are used to move local funds from the General Fund to Capital Projects Funds to fund construction projects. \r\nL. Risk Management \r\nThe School System is exposed to various risks of losses related to torts, theft of, damage to, and destruction of assets; errors and omissions; injuries to employees and natural disasters. The School System is self-insured for workers' compensation claims and unemployment compensation. The School System purchases commercial insurance in amounts deemed prudent by management for all other risks of loss. Settled claims have not yet exceeded purchased commercial insurance coverage in any of the past three years. \r\n \r\n41 \r\n \r\n Unemployment Compensation: \r\nThe School System is self-insured for unemployment compensation. The State bills the School System quarterly for the outstanding claims and the School System pays the claims at that time. Changes in the unemployment compensation claims liability during the last two fiscal years are as follows: \r\n \r\nBeginning of Fiscal Year \r\nLiability \r\n \r\nClaims and Changes in Estimates \r\n \r\nClaims Paid \r\n \r\nEnd of Fiscal Year \r\nLiability \r\n \r\nFiscal year 2010 $ \r\n \r\n-$ \r\n \r\n519,930 $ (519,930) $ \r\n \r\n- \r\n \r\nFiscal year 2011 $ \r\n \r\n-$ \r\n \r\n657,496 $ (657,496) $ \r\n \r\n- \r\n \r\nWorkers' Compensation: \r\n \r\nThe School System is fully self-insured for workers' compensation claims of its employees. The School System accounts for claims within the General Fund with expenditures and liabilities being reported when it is probable that a loss has occurred and the amount of that loss can be reasonably estimated. An accrued liability for the estimated costs of claims and related settlement costs incurred but not paid and/or reported as of fiscal year-end is reported on the governmental activities financial statements. The calculation of the present value of future workers' compensation liabilities is based on a discount rate of 3.5%. Changes in the claims liability during the last two fiscal years are as follows: \r\n \r\nBalance at Beginning of Fiscal Year \r\n \r\nClaims and Changes in Estimates \r\n \r\nClaim Payments \r\n \r\nBalance at End of \r\nFiscal Year \r\n \r\nFiscal year 2010 $ 7,826,556 $ 1,131,414 $ (2,575,931) $ 6,382,039 Fiscal year 2011 $ 6,382,039 $ 3,767,909 $ (2,891,948) $ 7,258,000 \r\n \r\nM. Nonmonetary Transactions \r\nThe School System received from the United States Department of Agriculture through the Georgia Department of Education approximately $1,230,789 in donated food commodities for its lunchroom programs. The federally assigned value of these commodities is reflected as revenue and expense in the Food Services Fund financial statements. \r\nN. On-behalf Payments for Fringe Benefits \r\nThe School System has recognized revenues and expenditures in the amount of $797,858 for health insurance and pension costs paid by the Georgia Department of Education to the State Merit System of Personnel Administration for non-certified personnel on the School System's behalf. \r\n42 \r\n \r\n O. Retirement Plans \r\n \r\nTeachers Retirement System of Georgia (TRS) \r\n \r\nPlan Description \r\n \r\nSubstantially all teachers, administrative and clerical personnel employed by local school systems of the State of Georgia are covered by the Teachers Retirement System of Georgia (TRS), which is a cost sharing multiple employer public employee retirement system sponsored by the State of Georgia. Most School Systems' employees participate in TRS. \r\n \r\nTRS provides service retirement, disability retirement and survivor's benefits for its members. A member is eligible for service retirement after 30 years of creditable service, regardless of age, or after 10 years of service and attainment of age 60. A member is eligible for early retirement after 25 years of creditable service. Early retirement benefits are reduced by the lesser of 1/12 of 7% of each month the member is below age 60, or by 7% of each year or fraction thereof by which the member has less than 30 years of service. \r\n \r\nNormal retirement benefits paid to members are equal to 2% of the average of the member's two consecutive highest paid years of service multiplied by the number of years of creditable service up to 40 years. The normal retirement pension is payable monthly for life. Options are available for distribution of the member's monthly pension at a reduced rate to a designated beneficiary on the member's death. \r\n \r\nRetirement benefits also include death and disability benefits whereby the disabled member or surviving spouse is entitled to receive annually an amount equal to the member's service retirement benefit or disability retirement, whichever is greater. The benefit is based on member's creditable service (minimum of 10 years) and compensation up to the date of death. \r\n \r\nThe TRS Board of Trustees has the authority to establish and amend benefit provisions of the pension plan under Title 47, chapter 3. TRS issues a publicly available financial report that includes financial statements and required supplementary information for the Plan. That report may be obtained by calling 404-352-6500 or by accessing their website at www.trsga.com. \r\n \r\nFunding Policy \r\nEmployees of the School System who are covered by TRS are required to pay 5.25% of their gross earnings to TRS. The School System makes monthly employer contributions to TRS at rates adopted by the TRS Board of Trustees as advised by their independent actuary. The employer contribution rate is 9.74% at June 30, 2011. \r\n \r\nTotal actual and required contributions were as follows (the School System contributed 100% of the annual required contribution): \r\n \r\n2011 \r\n \r\n2010 \r\n \r\n2009 \r\n \r\nSchool System Employees \r\n \r\n$ 32,515,502 18,178,891 \r\n$ 50,694,393 \r\n \r\n$ 32,863,759 17,724,959 \r\n$ 50,588,718 \r\n \r\n$ 30,872,725 16,655,525 \r\n$ 47,528,250 \r\n \r\n43 \r\n \r\n City of Atlanta General Employees Pension Plan \r\nPlan Description \r\nAll permanent employees of the School System who are not covered under the TRS are eligible to participate in the City of Atlanta General Employees' Pension Plan (the \"Plan\"). In addition, certain School System employees employed prior to July 1, 1979, also participate in the Plan. \r\nThe Plan provides retirement and disability benefits, annual cost-of-living adjustments and death benefits to plan members and beneficiaries. The Plan is an agent multiple-employer pension plan administered by a Board of Trustees, which includes the Mayor of the City of Atlanta or designee, the City's Chief Financial Officer, one member of City Council, one member of the School System, one member elected by eligible employees of the City, one member elected by eligible employees of the School System, one member elected by retired employees of the School System and one member elected by retired employees of the City. The Board of Trustees has the authority to establish and amend the benefit provisions of the Plan. \r\nOn December 12, 2005, the School System adopted the following changes to the Plan: \r\n \r\n1. 10 year vesting; 2. 2.5% benefit multiplier (capped at 80%); and 3. Unreduced retirement at 30 years of service regardless of age. \r\nThe Plan issues a publicly available financial report that includes financial statements and required supplementary information for the Plan. The report may be obtained by writing or by calling the Plan at: \r\nCity of Atlanta General Employees Pension Plan 68 Mitchell Street Atlanta, GA Telephone Number: (404) 330-6000 \r\nThe Plan provides retirement benefits that, initially, are 2% of the employee's highest average monthly base compensation over any 36-month period. A participant may retire at age 65 or, after 15 years of service, at age 60. Cost-of-living increases are awarded annually, up to a 3% maximum increase. Partial vesting percentages based on years of creditable service and provisions for early retirement are included in the Plan. Benefits also may be payable at termination, death, or disability. \r\nThe School System's membership in the Plan as of July 1, 2010 is as follows: \r\n \r\nActive employees Inactive members Retirees and beneficiaries \r\nTotal membership \r\n \r\n871 38 2,467 \r\n3,376 \r\n \r\nMethod Used to Value Investments Investments are stated at fair value. Fair value of Plan assets at July 1, 2010 was $105,573,290. \r\n44 \r\n \r\n Funding Policy and Annual Pension Cost \r\n \r\nThe School System's funding policy is to contribute a percentage of covered employee payroll as developed in the actuarial valuation for the Plan. Obligations to contribute to the Plan are established by the Board, subject to minimum financing standards established by the State of Georgia. \r\n \r\nActive participants are required to contribute 7% of pay (8% if participant has a covered beneficiary or is married). The School System's contribution percentage is the actuarial determined amount necessary to fund Plan benefits after consideration of employee contributions. \r\n \r\nThe actuarial determined contribution amount is the sum of the annual normal cost (determined under the entry age normal actuarial cost method) and the amortization of the unfunded actuarial accrued liability as a level percentage of future payrolls (over 40 years from January 1, 1979). The remaining amortization period is closed 22 years remaining as of July 1, 2010. \r\n \r\nThe Plan's annual pension cost for the current fiscal year, based on actuarial valuations performed as of July 1, 2010 and related information for the Plan is as follows: \r\n \r\nContribution rates as a percent of covered payroll: \r\n \r\nEmployee Employer \r\n \r\n7.0% or 8.0% 8.00% \r\n \r\nAnnual required contribution Employer contributions made \r\nActuarial valuation date \r\nActuarial cost method \r\nAmortization method \r\nActuarial assumptions: Investment rate of return Projected salary increases: \r\nInflation Merit or seniority and productivity Post retirement benefit increases \r\n \r\n$37,216,555 $39,000,000 \r\n7/1/2010 \r\nEntry age normal \r\nLevel % of payroll \r\n8.0% per year \r\n3.0% per year 4.5% per year \r\nN/A \r\n \r\nThe asset valuation method used is the actuarial value from the prior year plus net new money plus 20% of the asset appreciation/depreciation for the current year and each of the prior four years. \r\nThree-Year Trend Information is as follows: \r\n \r\n45 \r\n \r\n Year 2009 2010 2011 \r\n \r\nAnnual Pension Cost (APC) \r\n$39,570,397 $43,560,100 $37,058,594 \r\n \r\n% of APC Contributed \r\n106% 104% 105% \r\n \r\nNet Pension (Asset)/Obligation \r\n($7,272,550) ($9,212,450) ($11,153,856) \r\n \r\nNet Pension Asset - The School System's actuarially required contribution, pension cost and increase in the beginning net pension asset for the fiscal year ended June 30, 2011, were computed as follows: \r\n \r\nActuarially required contribution Interest on net pension asset ARC adjustment Annual pension cost \r\n \r\n$ \r\n \r\n37,216,555 \r\n \r\n(736,996) \r\n \r\n579,035 \r\n \r\n37,058,594 \r\n \r\nActual contributions made \r\n \r\n(39,000,000) \r\n \r\nIncrease in net pension asset \r\n \r\n1,941,406 \r\n \r\nNet pension asset, June 30, 2010 \r\n \r\n9,212,450 \r\n \r\nNet pension asset, June 30, 2011 \r\n \r\n$ \r\n \r\n11,153,856 \r\n \r\nPlan Funded Status  The School System's funding status based upon the most recent actuarial valuation is as follows: \r\n \r\nActuarial Valuation \r\nDate 7/1/2010 \r\n \r\nActuarial Value of Assets* \r\n(a) $114,615,676 \r\n \r\nActuarial Accrued Liability (AAL) Entry Age \r\n(b) $669,032,859 \r\n \r\nUnfunded AAL \r\n(UAAL) (b-a) \r\n$554,417,183 \r\n \r\nFunded Ratio (a/b) 17.13% \r\n \r\nCovered Payroll \r\n(c) $26,304,364 \r\n \r\nUAAL use as a Percentage of Covered Payroll ((b-a)/c) \r\n2107.70% \r\n \r\nThe schedule of funding progress, presented as RSI following the notes to the financial statements, presents multi-year trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liability for benefits. \r\nActuarial valuations involve estimates of the value of reported amounts and assumptions about the probability of events far into the future, and actuarially determined amounts are subject to \r\n46 \r\n \r\n continual revision as results are compared to past expectations and new estimates are made about the future. \r\nActuarial calculations reflect a long-term perspective. Calculations are based on the substantive plan in effect as of July 1, 2010. \r\n \r\nP. Post-Employment Benefits \r\nGeorgia Retiree Health Benefit Fund \r\nPlan Description. The Georgia School Personnel Post-employment Health Benefit Fund (School OPEB Fund) is a cost-sharing multiple-employer defined benefit postemployment healthcare plan that covers eligible former employees of public school systems, libraries and regional educational service agencies. The School OPEB Fund provides health insurance benefits to eligible former employees and their qualified beneficiaries through the State Employees Health Insurance Plan administered by the Georgia Department of Community Health. The Official Code of Georgia Annotated (OCGA) assigns the authority to establish and amend the benefit provisions of the group health plans, including benefits for retirees, to the Board of Community Health (Board). The Georgia Department of Community Health issues a publicly available financial report that includes financial statements and required supplementary information for the School OPEB Fund. That report may be obtained from the Georgia Department of Community Health at 2 Peachtree Street, Atlanta, Georgia 30303. \r\nFunding Policy. The contribution requirements of Plan members and participating employers are established by the Board in accordance with the current Appropriations Act and may be amended by the Board. Contributions of Plan members or beneficiaries receiving benefits vary based on Plan election, dependent coverage, and Medicare eligibility and election. On average, Plan members pay approximately twenty-five percent (25%) of the cost of health insurance coverage. \r\nParticipating employers are statutorily required to contribute in accordance with the employer contribution rate established by the Board. This contribution rate is established to fund all benefits due under the health insurance plans for both the active and retired employees based on projected pay-as-you-go financing requirements. Contributions are not based on the actuarially calculated annual required contribution (ARC) which represents a level of funding that, if paid on an on-going basis, is projected to cover normal cost each year and amortize any unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years. \r\nThe employer contribution rates for the combined active and retiree plans for the fiscal year ended June 30, 2011, were as follows: \r\nCertified Employees \r\n \r\nJuly 2010- April 2011 May 2011  June 2011 \r\n \r\n21.955% of state-based salaries 14.492% of state-based salaries \r\n \r\nNon-Certificated Employees Non-Certificated Employees \r\n \r\nJuly 2010  November 2010 - $162.72 per month December 2010  June 2011 - $218.20 per month \r\n \r\n47 \r\n \r\n The School System's contribution to the health insurance plans for the fiscal year ended June 30, 2011, June 30, 2010, and June 30, 2009 were $43,496,218, $38,330,627, $30,600,143 respectively, and which equaled the required contribution/annual OPEB cost. \r\nQ. Commitments and Contingencies \r\nConstruction Commitments \r\nThe School System has active construction projects as of June 30, 2011. The projects relate to construction, renovation of school buildings and other projects. At fiscal year-end, the School System's commitments with contractors were $26,896,301. \r\nLitigation and Other Contingencies The School System is a defendant in various lawsuits, which arose, in the ordinary course of its activities. The School System believes its liability in these matters is $1,311,976. \r\nAmounts received or receivable principally from the Federal government are subject to audit and review by grantor agencies. This could result in requests for reimbursement to the grantor agency for any costs which are disallowed under grant terms. The School System believes that such disallowances, if any, will be immaterial to its overall financial position. \r\nEncumbrances \r\nThe School System's Board reauthorized $16 million to fund encumbrances that were outstanding as of June 30, 2011. The actual amount was approximately $13.8 million and was used for Instruction and Support services expenditures. \r\nR. New Accounting Pronouncements \r\nGASB Statement No. 54 was implemented during the current fiscal year. GASB 54 was issued in February 2009 to classify the various components of fund balance and clarify the use of governmental fund types. The various components of fund balance are designed to indicate the extent to which the government is bound to honor constraints on the specific purposes for which amounts in the fund can be spent. \r\nS. Pollution Remediation Obligations \r\nGASB Statement No. 49, Accounting and Financial Reporting for Pollution Remediation Obligations, establishes accounting and financial reporting criteria for liabilities that address current or potential detrimental effects of existing pollution by participating in pollution remediation activities. When one of five obligating events identified by the GASB occurs, the components of the expected pollution remediation outlays must be estimated and a determination made whether the outlays should be accrued as a liability or capitalized when goods and services are acquired, as appropriate. Pollution remediation liabilities must be measured based on the pollution remediation outlays expected to be incurred to settle these liabilities. It must be based on \"reasonable and supportable\" assumptions of future events that may affect the eventual settlement of the liability, and should be measured and reported at current value. The current value of the liability should be based \r\n48 \r\n \r\n on applicable federal, state or local laws or regulations that have been approved, regardless of their effective date and the technology expected to be used for the cleanup. \r\nOutlays for pollution remediation obligations should be recognized as liabilities if goods and services used for pollution remediation activities are liquidated with expendable available financial resources (modified accrual accounting). However, pollution remediation outlays should be capitalized in the government-wide or proprietary fund statements when goods and services are acquired for certain specific purposes; these amounts are recorded as expenditures at the fund level. \r\nAs of June 30, 2011, the School System was the responsible party in the remediation of mold removal, asbestos abatement, expired chemical disposal, paint disposal, tire disposal and air quality testing. A site assessment and preliminary evaluation of required remediation indicated that the amount of liability is immaterial as of June 30, 2011 and therefore, not recorded in the governmental activities statement of net assets. The potential liability is deemed immaterial at this time to record to the School System's financial statements. APS paid $619,261 for current financial fiscal year remediation activities. \r\nT. Subsequent Event \r\nOn November 8, 2011, SPLOST IV referendum was approved. It is estimated that SPLOST IV will generate approximately $520 million for APS that will fund numerous Capital Improvement projects and Certificates of Participation debt liquidation. \r\nAs noted in the Management Discussion and Analysis section, the School System has been involved in a court case related to the Tax Allocation Districts (TAD). The educational ad valorem tax collections specific to the Perry Bolton and Beltline districts have not been recognized as revenues (although the School System had received $25,022,211 prior to June 30, 2011 from the Atlanta Development Authority and the City of Atlanta) in the School System's financial statement at the governmental fund level (in the General Fund) nor in the government-wide level until a summary judgment in favor of APS was issued. \r\nAfter two appeals (which had been outstanding during the last two fiscal years and up to November 14, 2011), a summary judgment was issued in favor of the School System on November 15, 2011. The summary judgment cleared the way for the School System to recognize these balances as revenues at the government-wide level as of June 30, 2011. However, since the appeals surrounding this revenue were still outstanding past thirty (30) days of June 30, 2011 and the summary judgment in favor of the School System occurred 30 days subsequent to June 30, 2011, the School System did not recognize the revenue at the governmental fund level (in the General Fund) as of June 30, 2011 and will recognize the balance of the associated deferred revenue in the General Fund during Fiscal Year 2012. \r\n49 \r\n \r\n This page intentionally left blank \r\n50 \r\n \r\n REQUIRED SUPPLEMENTARY INFORMATION \r\n \r\n  Atlanta Independent School System GENERAL FUND \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual (GAAP Budgetary Basis) \r\nFor the Fiscal Year Ended June 30, 2011 \r\n \r\nREVENUES \r\n \r\nLocal taxes \r\n \r\n$ \r\n \r\nState revenues \r\n \r\nFederal revenues \r\n \r\nInvestment income Facility rental fees Tuition charges Charges for services Other \r\n \r\nTotal revenues \r\n \r\nEXPENDITURES Current: \r\nInstruction 107100SSaBlary 107100NNoSn-Salary \r\nSupport Services: Pupil services \r\n107200SSaBlary 107200NNoSn-Salary \r\n \r\nImprovement of instructional services 107201SSaBlary 107201NNoSn-Salary \r\n \r\nEducational media 107202SSaBlary 107202NNoSn-Salary \r\n \r\nGeneral administration 107203SSaBlary 107203NNoSn-Salary \r\n \r\nSchool administration 107204SSaBlary 107204NNoSn-Salary \r\n \r\nBusiness administration 107205SSaBlary 107205NNoSn-Salary \r\n \r\nMaintenance and operation of facilities 107206SSaBlary 107206NNoSn-Salary \r\n \r\nStudent transportation 107207SSaBlary 107207NNoSn-Salary \r\n \r\nCentral support 107208SSaBlary 107208NNoSn-Salary \r\n \r\nOther support services 107209SSaBlary 107209NNoSn-Salary \r\n \r\nCapital Outlays 107400SSaBlary 107400NNoSn-Salary \r\n \r\nDebt Service: Principal Interest \r\n \r\nTotal Expenditures \r\n \r\nExcess (deficiency) of revenues over (under) expenditures \r\n \r\nOTHER FINANCING SOURCES (USES) Proceeds from sale of capital assets Transfers in Transfers out \r\n \r\nNet change in fund balances \r\n \r\nFund Balance, Beginning of Fiscal Year \r\n \r\nFUND BALANCE, END OF FISCAL YEAR \r\n \r\n$ \r\n \r\nBudgeted Amounts \r\n \r\nOriginal (1) \r\n \r\nFinal (1) (2) \r\n \r\n459,979,326 111,000,000 \r\n5,000,000 1,900,000 1,050,000 \r\n100,000 50,000 \r\n9,946,562 \r\n589,025,888 \r\n \r\n441,529,728 125,543,783 \r\n11,509,999 1,900,000 1,050,000 100,000 50,000 \r\n11,246,562 \r\n592,930,072 \r\n \r\n274,008,666 204,792,518 \r\n69,216,148 \r\n29,261,108 20,377,160 \r\n8,883,948 \r\n23,860,524 11,968,173 11,892,351 \r\n9,489,951 6,834,523 2,655,428 \r\n11,452,625 6,307,774 5,144,851 \r\n33,599,600 25,257,403 \r\n8,342,197 \r\n14,240,866 9,029,793 5,211,073 \r\n63,497,886 20,782,892 42,714,994 \r\n12,625,931 8,629,731 3,996,200 \r\n71,599,419 9,653,026 \r\n61,946,393 \r\n1,580,496 80,262 \r\n1,500,234 \r\n38,011,313 - \r\n38,011,313 \r\n5,797,503 - \r\n5,797,503 \r\n589,025,888 \r\n- \r\n- \r\n- \r\n109,727,217 \r\n109,727,217 \r\n \r\n284,202,983 266,760,694 \r\n17,442,289 \r\n30,080,933 25,043,729 \r\n5,037,204 \r\n22,211,611 15,842,747 \r\n6,368,864 \r\n9,580,855 8,781,958 \r\n798,897 \r\n11,555,614 8,618,796 2,936,818 \r\n33,415,095 31,897,596 \r\n1,517,499 \r\n24,526,435 20,875,509 \r\n3,650,926 \r\n64,900,626 22,422,146 42,478,480 \r\n13,622,483 10,348,613 \r\n3,273,870 \r\n74,328,148 52,110,568 22,217,580 \r\n1,908,824 92,224 \r\n1,816,600 \r\n49,076,351 - \r\n49,076,351 \r\n5,797,503 - \r\n5,797,503 \r\n625,207,461 \r\n(32,277,389) \r\n- \r\n(32,277,389) \r\n109,727,217 \r\n77,449,828 \r\n \r\nActual \r\n445,986,671 127,235,844 \r\n10,747,543 124,833 783,989 31,492 670,918 \r\n6,230,668 591,811,958 \r\n342,158,303 285,245,537 \r\n56,912,766 \r\n24,014,862 16,566,667 \r\n7,448,195 \r\n18,465,663 12,609,802 \r\n5,855,861 \r\n9,437,280 8,692,304 \r\n744,976 \r\n11,488,177 7,004,356 4,483,821 \r\n31,429,973 30,765,348 \r\n664,625 \r\n16,025,431 13,069,609 \r\n2,955,822 \r\n92,797,603 50,782,559 42,015,044 \r\n24,258,790 21,318,951 \r\n2,939,839 \r\n31,499,062 10,606,657 20,892,405 \r\n1,667,013 99,118 \r\n1,567,895 \r\n- \r\n6,771,854 5,339,366 1,432,488 \r\n610,014,011 \r\n(18,202,053) \r\n706,016 2,824 \r\n(10,966,449) \r\n(28,459,662) \r\n109,727,217 \r\n81,267,555 \r\n \r\n(1) Original and Final budget amounts do not include budgeted revenues or expenditures of various principal accounts. (2) Property taxes and state fund revenues related to charter schools are budgeted in the Instruction Function. \r\n \r\nVariance with Final Budget \r\n(Over ) Under \r\n(4,456,943) (1,692,061) \r\n762,456 1,775,167 \r\n266,011 68,508 \r\n(620,918) 5,015,894 1,118,114 \r\n(57,955,320) (18,484,843) (39,470,477) \r\n6,066,071 8,477,062 (2,410,991) \r\n3,745,948 3,232,945 \r\n513,003 \r\n143,575 89,654 53,921 \r\n67,437 1,614,440 (1,547,003) \r\n1,985,122 1,132,248 \r\n852,874 \r\n8,501,004 7,805,900 \r\n695,104 \r\n(27,896,977) (28,360,413) \r\n463,436 \r\n(10,636,307) (10,970,338) \r\n334,031 \r\n42,829,086 41,503,911 \r\n1,325,175 \r\n241,811 (6,894) \r\n248,705 \r\n49,076,351 - \r\n49,076,351 \r\n(974,351) (5,339,366) 4,365,015 \r\n15,193,450 \r\n(14,075,336) \r\n(706,016) (2,824) \r\n10,966,449 \r\n(3,817,727) \r\n- \r\n(3,817,727) \r\n \r\n51 \r\n \r\n Actuarial Valuation \r\nDate 1/1/2005 1/1/2006 7/1/2007 7/1/2008 7/1/2009 7/1/2010 \r\n \r\nActuarial Value of Assets* \r\n(a) $102,301,954 $116,866,067 $133,058,241 $150,876,105 $112,295,208 $114,615,676 \r\n \r\nAtlanta Independent School System Required Supplementary Information \r\n \r\nSchedule of Funding Progress \r\n \r\nActuarial Accrued Liability (AAL) Entry Age \r\n(b) $580,470,790 $600,055,443 $643,301,615 $655,110,071 $644,788,188 $669,032,859 \r\n \r\nUnfunded AAL \r\n(UAAL) (b-a) \r\n$478,168,836 $483,189,376 $510,243,374 $504,233,966 $532,492,980 $554,417,183 \r\n \r\nFunded Ratio (a/b) 17.62% 19.48% 20.68% 23.03% 17.42% 17.13% \r\n \r\nCovered Payroll \r\n(c) $40,366,756 $26,185,568 $29,105,414 $28,272,933 $29,404,892 $26,304,364 \r\n \r\nUAAL use as a Percentage of Covered Payroll ((b-a)/c) \r\n1184.56% 1845.25% 1753.09% 1783.45% 1810.90% 2107.70% \r\n \r\nSee Note O to financial statements for actuarial assumptions. \r\n \r\n52 \r\n \r\n OTHER SUPPLEMENTARY INFORMATION \r\n \r\n NONMAJOR GOVERNMENTAL FUNDS \r\nCombining and Individual Fund Statements and Schedules: Combining Balance Sheet  Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances  Nonmajor Governmental Funds Schedules of Revenues, Expenditures, and Changes in Fund Balances  Budget and Actual  Special Revenue Funds: Title I Fund Title II Fund Title VI-B Fund Lottery Fund Other Federal Programs Fund Other Special Projects Fund \r\nSchedules of Revenues, Expenditures, and Changes in Fund Balances  Budget and Actual  Capital Projects Fund Combining Statement of Changes in Assets and Liabilities Agency Fund \r\n \r\n NONMAJOR GOVERNMENTAL FUNDS \r\nSpecial Revenue Funds \r\nSpecial Revenue Funds are used to account for the proceeds of specific revenues that are legally restricted for specific purposes or committed to expenditures for specified purposes other than debt services or capital projects. \r\nThe School System's Special Revenue Funds have been established primarily on the basis of program purpose and include the following funds and primary funding sources: \r\nTitle I Fund was established to account for federal grant funds passed through the Georgia Department of Education to provide remedial education in the areas of reading and math and to provide a special education program for children who are physically handicapped. \r\nTitle II Fund was established to account for federal grant funds passed through the Georgia Department of Education, for the purpose of improving teacher quality and increasing the number of highly qualified teachers, para-professionals, and principals. \r\nTitle VI-B Fund was established to account for federal grant funds passed through the Georgia Department of Education, for the purpose of providing special education programs for children in pre-kindergarten through the twelfth grade. \r\nLottery Fund was established to account for State of Georgia lottery funds passing through the State of Georgia Department of Education for various programs as established by the State. \r\nOther Federal Programs Fund was established to account for other federal funds for which separate presentation is not considered necessary. \r\nOther Special Projects Fund was established to account for other state and local funds for which separate presentation in not considered necessary. \r\n \r\n Atlanta Independent School System Combining Balance Sheet \r\nNon-major Governmental Funds June 30, 2011 \r\n \r\nAssets: Due from other governments Due from other funds \r\nTotal Assets \r\n \r\nTitle I \r\n \r\nTitle II \r\n \r\nSpecial Revenue Funds \r\n \r\nTitle VI-B \r\n \r\nLottery \r\n \r\nOther Federal Programs \r\n \r\nOther Special Projects \r\n \r\nTotal \r\n \r\n$ \r\n \r\n9,329,325 \r\n \r\n- \r\n \r\n$ \r\n \r\n9,329,325 \r\n \r\n969,030 - \r\n969,030 \r\n \r\n2,864,774 - \r\n2,864,774 \r\n \r\n74,722 \r\n74,722 \r\n \r\n895,615 - \r\n895,615 \r\n \r\n526,834 $ 5,848,669 \r\n6,375,503 \r\n \r\n14,585,578 5,923,391 \r\n20,508,969 \r\n \r\nLiabilities: \r\n \r\nDue to other funds \r\n \r\n$ \r\n \r\nDeferred Revenue \r\n \r\nDue to other governments \r\n \r\nTotal Liabilities \r\n \r\n$ \r\n \r\nFund Balances: \r\n \r\nRestricted \r\n \r\n$ \r\n \r\nAssigned \r\n \r\nTotal Fund Balance \r\n \r\nTOTAL LIABILITIES AND \r\n \r\nFUND BALANCES \r\n \r\n$ \r\n \r\n9,329,325 - \r\n9,329,325 \r\n- \r\n9,329,325 \r\n \r\n969,030 - \r\n969,030 \r\n \r\n2,864,774 - \r\n2,864,774 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n969,030 \r\n \r\n2,864,774 \r\n \r\n5,793 \r\n5,793 \r\n68,929 - \r\n68,929 \r\n74,722 \r\n \r\n881,538 - \r\n881,538 \r\n14,077 - \r\n14,077 \r\n895,615 \r\n \r\n- $ 89,000 \r\n- \r\n89,000 \r\n \r\n14,044,667 89,000 5,793 \r\n14,139,460 \r\n \r\n4,076,142 $ 2,210,361 \r\n6,286,503 \r\n \r\n4,159,148 2,210,361 \r\n6,369,509 \r\n \r\n6,375,503 $ 20,508,969 \r\n \r\n53 \r\n \r\n REVENUES State Federal Other Total Revenues \r\nEXPENDITURES Current Instruction Support services Pupil services Improvement of instructional services Educational media General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Other support services Nutrition \r\nTotal Expenditures \r\nExcess (deficiency) of revenues over (under) expenditures \r\nOTHER FINANCING SOURCES(USES) Transfers in Transfers out \r\nTotal Other Financing Sources(Uses) \r\nNet change in Fund Balances \r\nFund Balances, Beginning of Fiscal Year \r\nFUND BALANCES, End of Fiscal Year \r\n \r\nAtlanta Independent School System Combining Statement of Revenues, Expenditures and Changes in Fund Balances \r\nNon-major Governmental Funds For the Fiscal Year Ended June 30, 2011 \r\n \r\nTitle I \r\n \r\nTitle II \r\n \r\nSpecial Revenue Funds \r\n \r\nTitle VI-B \r\n \r\nLottery \r\n \r\nOther Federal Programs \r\n \r\nOther Special Projects \r\n \r\nTotal \r\n \r\n$ \r\n \r\n- \r\n \r\n48,877,694 \r\n \r\n- \r\n \r\n$ \r\n \r\n48,877,694 \r\n \r\n5,925,329 \r\n- \r\n5,925,329 \r\n \r\n13,550,371 \r\n- \r\n13,550,371 \r\n \r\n2,599,029 45,169 - \r\n2,644,198 \r\n \r\n4,351,921 \r\n- \r\n4,351,921 \r\n \r\n431,038 548,831 7,227,628 \r\n8,207,497 \r\n \r\n$ 3,030,067 73,299,315 7,227,628 \r\n83,557,010 \r\n \r\n$ \r\n \r\n18,132,442 \r\n \r\n5,294,305 21,148,469 \r\n1,546,813 \r\n264,183 393,118 \r\n436,123 158,286 1,503,955 \r\n- \r\n \r\n$ \r\n \r\n48,877,694 \r\n \r\n- \r\n \r\n$ \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n$ \r\n \r\n- \r\n \r\n2,605,362 \r\n1,668,180 1,510,575 \r\n141,212 - \r\n5,925,329 \r\n \r\n5,006,161 \r\n6,220,851 1,253,297 \r\n16,046 \r\n56,195 \r\n997,821 \r\n- \r\n13,550,371 \r\n \r\n2,574,076 \r\n28,334 2,179 \r\n3,249 - \r\n2,607,838 \r\n \r\n- \r\n \r\n- \r\n \r\n36,360 \r\n \r\n- \r\n \r\n- \r\n \r\n4,853 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n4,853 \r\n \r\n- \r\n \r\n- \r\n \r\n41,213 \r\n \r\n- \r\n \r\n- \r\n \r\n27,716 \r\n \r\n- \r\n \r\n- \r\n \r\n68,929 \r\n \r\n1,050,285 \r\n172,166 1,914,011 \r\n9,590 117,587 \r\n7,686 - \r\n78,018 - \r\n1,036,970 15,657 \r\n4,401,970 \r\n \r\n2,350,646 \r\n1,076,249 5,526,237 \r\n1,110,206 1,139,495 \r\n267,388 54,069 \r\n196,159 1,823,438 \r\n112,307 - \r\n13,656,194 \r\n \r\n31,718,972 \r\n14,460,085 31,354,768 \r\n9,590 2,790,652 1,411,364 \r\n716,701 54,069 \r\n1,708,121 2,122,936 2,656,481 \r\n15,657 \r\n89,019,396 \r\n \r\n(50,049) (5,448,697) \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n(4,853) \r\n \r\n- \r\n \r\n(4,853) \r\n \r\n(5,462,386) \r\n4,853 (4,853) \r\n- \r\n \r\n(50,049) 64,126 \r\n \r\n(5,453,550) 11,740,053 \r\n \r\n(5,462,386) 11,831,895 \r\n \r\n14,077 \r\n \r\n6,286,503 $ 6,369,509 \r\n \r\n54 \r\n \r\n Atlanta Independent School System All Special Revenue Funds Combined Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended June 30, 2011 \r\n \r\nREVENUES \r\n \r\nState revenues \r\n \r\n$ \r\n \r\nFederal revenues \r\n \r\nLocal revenues \r\n \r\nOther local revenues \r\n \r\nTotal revenues \r\n \r\nEXPENDITURES Current: \r\nInstruction Salary Non-Salary \r\nSupport Services: Pupil services Salary Non-Salary \r\n \r\nImprovement of instructional services Salary Non-Salary \r\n \r\nEducational media Salary Non-Salary \r\n \r\nGeneral administration Salary Non-Salary \r\n \r\nSchool administration Salary Non-Salary \r\n \r\nBusiness administration Salary Non-Salary \r\n \r\nMaintenance and operation of facilities Salary Non-Salary \r\n \r\nStudent transportation Salary Non-Salary \r\n \r\nCentral support Salary Non-Salary \r\n \r\nOther support services Salary Non-Salary \r\n \r\nNutrition Salary Non-Salary \r\n \r\nCapital Outlays Salary Non-Salary \r\n \r\nTotal Expenditures \r\n \r\nExcess (deficiency) of revenues over (under) expenditures \r\n \r\nOTHER FINANCING SOURCES (USES) Transfers in Transfers out \r\nNet change in fund balances \r\n \r\nFund Balance, Beginning of Fiscal Year \r\n \r\nFUND BALANCE, END OF FISCAL YEAR \r\n \r\n$ \r\n \r\nBudgeted Amounts \r\n \r\nOriginal \r\n \r\nFinal \r\n \r\n3,290,375 105,837,766 \r\n11,871,693 \r\n120,999,834 \r\n \r\n6,485,399 130,011,318 \r\n1,347,586 20,256,048 \r\n158,100,351 \r\n \r\n47,914,243 13,865,926 34,048,317 \r\n9,182,214 3,456,667 5,725,547 \r\n27,667,797 13,185,520 14,482,277 \r\n- \r\n5,328,642 1,918,714 3,409,928 \r\n18,194,355 10,000 \r\n18,184,355 \r\n1,115,088 1,076,355 \r\n38,733 \r\n35,789 8,125 \r\n27,664 \r\n5,970,545 614,497 \r\n5,356,048 \r\n1,080,504 501,369 579,135 \r\n4,487,855 182,930 \r\n4,304,925 \r\n- \r\n22,802 - \r\n22,802 \r\n120,999,834 \r\n- \r\n- \r\n11,831,895 \r\n11,831,895 \r\n \r\n60,328,255 23,068,452 37,259,803 \r\n14,374,939 5,464,264 8,910,675 \r\n59,144,384 22,535,614 36,608,770 \r\n9,776 9,026 \r\n750 \r\n5,417,352 1,455,654 3,961,698 \r\n1,751,788 999,922 751,866 \r\n1,160,219 614,809 545,410 \r\n1,085,270 41,445 \r\n1,043,825 \r\n6,758,084 594,968 \r\n6,163,116 \r\n3,314,189 1,081,211 2,232,978 \r\n4,697,139 1,496,849 3,200,290 \r\n16,800 - \r\n16,800 \r\n22,156 - \r\n22,156 \r\n158,080,351 \r\n20,000 \r\n(20,000) \r\n- \r\n11,831,895 \r\n11,831,895 \r\n \r\nActual \r\n \r\nVariance with Final Budget \r\n(Over ) Under \r\n \r\n3,030,067 73,299,315 \r\n7,227,628 \r\n83,557,010 \r\n \r\n3,455,332 56,712,003 \r\n1,347,586 13,028,420 \r\n74,543,341 \r\n \r\n31,718,972 17,910,868 13,808,104 \r\n14,460,085 7,625,688 6,834,397 \r\n31,354,768 17,898,900 13,455,868 \r\n9,590 9,590 \r\n- \r\n2,790,652 914,521 \r\n1,876,131 \r\n1,411,364 1,267,872 \r\n143,492 \r\n716,701 503,944 212,757 \r\n54,069 317 \r\n53,752 \r\n1,708,121 954,199 753,922 \r\n2,122,936 606,482 \r\n1,516,454 \r\n2,656,481 1,202,149 1,454,332 \r\n15,657 - \r\n15,657 \r\n- \r\n89,019,396 \r\n(5,462,386) \r\n4,853 (4,853) (5,462,386) \r\n11,831,895 \r\n6,369,509 \r\n \r\n28,609,283 5,157,584 \r\n23,451,699 \r\n(85,146) (2,161,424) 2,076,278 \r\n27,789,616 4,636,714 \r\n23,152,902 \r\n186 (564) 750 \r\n2,626,700 541,133 \r\n2,085,567 \r\n340,424 (267,950) 608,374 \r\n443,518 110,865 332,653 \r\n1,031,201 41,128 \r\n990,073 \r\n5,049,963 (359,231) 5,409,194 \r\n1,191,253 474,729 716,524 \r\n2,040,658 294,700 \r\n1,745,958 \r\n1,143 - \r\n1,143 \r\n22,156 \r\n22,156 \r\n69,060,955 \r\n5,482,386 \r\n(4,853) (15,147) 5,462,386 \r\n- \r\n5,462,386 \r\n \r\n55 \r\n \r\n Atlanta Independent School System SPECIAL REVENUE FUND - TITLE I FUND \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2011 \r\n \r\nREVENUES \r\n \r\nFederal revenues \r\n \r\n$ \r\n \r\nTotal revenues \r\n \r\nEXPENDITURES Current: \r\nInstruction 14710S0aSlaBry 14710N0oNnS-Salary \r\nSupport Services: Pupil services \r\n14720S0aSlaBry 14720N0oNnS-Salary \r\n \r\nImprovement of instructional services 14720S1aSlaBry 14720N1oNnS-Salary \r\n \r\nGeneral administration 14720S3aSlaBry 14720N3oNnS-Salary \r\n \r\nSchool administration 14720S4aSlaBry 14720N4oNnS-Salary \r\n \r\nBusiness administration 14720S5aSlaBry 14720N5oNnS-Salary \r\n \r\nStudent transportation 14720N7oNnS-Salary \r\n \r\nCentral support 14720S8aSlaBry \r\n14720N8oNnS-Salary \r\n \r\nOther support services 14720S9aSlaBry 14720N9oNnS-Salary \r\n \r\nTotal Expenditures \r\n \r\nExcess (deficiency) of revenues over (under) expenditures \r\n \r\nNet change in fund balances \r\n \r\nFund Balance, Beginning of Fiscal Year \r\n \r\nFUND BALANCE, END OF FISCAL YEAR \r\n \r\n$ \r\n \r\nBudgeted Amounts \r\n \r\nOriginal \r\n \r\nFinal \r\n \r\nActual \r\n \r\nVariance with Final Budget \r\n(Over ) Under \r\n \r\n79,172,451 79,172,451 \r\n \r\n84,723,004 84,723,004 \r\n \r\n48,877,694 48,877,694 \r\n \r\n35,845,310 35,845,310 \r\n \r\n30,034,558 3,233,991 26,800,567 \r\n4,071,777 1,906,889 2,164,888 \r\n16,271,449 9,507,471 6,763,978 \r\n4,554,101 1,383,819 3,170,282 \r\n18,184,355 - \r\n18,184,355 \r\n1,094,766 1,076,355 \r\n18,411 \r\n4,499,911 4,499,911 \r\n119,849 94,172 25,677 \r\n341,685 52,265 \r\n289,420 \r\n79,172,451 \r\n- \r\n- \r\n- \r\n- \r\n \r\n36,160,282 9,825,405 26,334,877 \r\n5,884,975 3,449,488 2,435,487 \r\n31,846,065 16,895,240 14,950,825 \r\n2,695,120 823,236 \r\n1,871,884 \r\n397,013 175 \r\n396,838 \r\n624,015 614,809 \r\n9,206 \r\n4,675,574 4,675,574 \r\n103,360 90,405 12,955 \r\n2,336,600 1,238,650 1,097,950 \r\n84,723,004 \r\n- \r\n- \r\n- \r\n- \r\n \r\n18,132,442 7,579,593 \r\n10,552,849 \r\n5,294,305 3,059,833 2,234,472 \r\n21,148,469 14,938,154 \r\n6,210,315 \r\n1,546,813 638,817 907,996 \r\n264,183 128,377 135,806 \r\n393,118 393,118 \r\n- \r\n436,123 436,123 \r\n158,286 130,955 \r\n27,331 \r\n1,503,955 1,088,319 \r\n415,636 \r\n48,877,694 \r\n- \r\n- \r\n- \r\n- \r\n \r\n18,027,840 2,245,812 15,782,028 \r\n590,670 389,655 201,015 \r\n10,697,596 1,957,086 8,740,510 \r\n1,148,307 184,419 963,888 \r\n132,830 (128,202) 261,032 \r\n230,897 221,691 \r\n9,206 \r\n4,239,451 4,239,451 \r\n(54,926) (40,550) (14,376) \r\n832,645 150,331 682,314 \r\n35,845,310 \r\n- \r\n- \r\n- \r\n- \r\n \r\n56 \r\n \r\n Atlanta Independent School System SPECIAL REVENUE FUND - TITLE II FUND \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2011 \r\n \r\nREVENUES \r\n \r\nFederal revenues \r\n \r\n$ \r\n \r\nTotal revenues \r\n \r\nEXPENDITURES Current: \r\nInstruction 167100SSalBary 167100NNoSn-Salary \r\nSupport Services: Pupil services \r\n167200SSalBary \r\n \r\nImprovement of instructional services 167201SSalBary 167201NNoSn-Salary \r\n \r\nCentral support 167208SSalBary 167208NNoSn-Salary \r\n \r\nTotal Expenditures \r\n \r\nExcess (deficiency) of revenues over (under) expenditures \r\n \r\nBudgeted Amounts \r\n \r\nOriginal \r\n \r\nFinal \r\n \r\nActual \r\n \r\nVariance with Final Budget \r\n(Over ) Under \r\n \r\n4,614,044 4,614,044 \r\n \r\n12,342,870 5,925,329 12,342,870 5,925,329 \r\n \r\n6,417,541 6,417,541 \r\n \r\n2,308,842 1,999,947 \r\n308,895 \r\n- \r\n1,976,803 500,374 \r\n1,476,429 \r\n328,399 - \r\n328,399 \r\n4,614,044 \r\n- \r\n \r\n5,404,301 4,103,157 1,301,144 \r\n \r\n2,605,362 2,299,641 \r\n305,721 \r\n \r\n- 1,668,180 - 1,668,180 \r\n \r\n6,502,731 1,996,979 4,505,752 \r\n \r\n1,510,575 116,349 \r\n1,394,226 \r\n \r\n435,838 52,923 \r\n382,915 \r\n \r\n141,212 58,777 82,435 \r\n \r\n12,342,870 5,925,329 \r\n \r\n- \r\n \r\n- \r\n \r\n2,798,939 1,803,516 \r\n995,423 \r\n(1,668,180) (1,668,180) \r\n4,992,156 1,880,630 3,111,526 \r\n294,626 (5,854) \r\n300,480 \r\n6,417,541 \r\n- \r\n \r\nNet change in fund balances Fund Balance, Beginning of Fiscal Year FUND BALANCE, END OF FISCAL YEAR \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n$ \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n57 \r\n \r\n Atlanta Independent School System SPECIAL REVENUE FUND - TITLE VI-B FUND \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2011 \r\n \r\nREVENUES \r\n \r\nState revenues \r\n \r\n$ \r\n \r\nFederal revenues Total revenues \r\n \r\nEXPENDITURES Current: \r\nInstruction 15710S0SalBary 15710N0NonS-Salary \r\nSupport Services: Pupil services \r\n15720S0SalBary 15720N0NonS-Salary \r\n \r\nImprovement of instructional services 15720S1SalBary 15720N1NonS-Salary \r\n \r\nGeneral administration 15720S3SalBary 15720N3NonS-Salary \r\n \r\nBusiness administration 15720S5SalBary \r\n \r\nMaintenance and operation of facilities 15720S6SalBary 15720N6NonS-Salary \r\n \r\nStudent transportation 15720S7SalBary 15720N7NonS-Salary \r\n \r\nCentral support 15720N8NonS-Salary \r\nTotal Expenditures \r\nExcess (deficiency) of revenues over (under) expenditures \r\n \r\nBudgeted Amounts \r\n \r\nOriginal \r\n \r\nFinal \r\n \r\nActual \r\n \r\nVariance with Final Budget \r\n(Over ) Under \r\n \r\n400,000 18,162,327 18,562,327 \r\n \r\n400,000 18,966,099 19,366,099 \r\n \r\n13,550,371 13,550,371 \r\n \r\n400,000 5,415,728 5,815,728 \r\n \r\n10,460,583 5,594,828 4,865,755 \r\n4,612,656 1,205,805 3,406,851 \r\n2,354,088 1,619,021 \r\n735,067 \r\n207,708 185,639 \r\n22,069 \r\n- \r\n7,680 7,680 \r\n- \r\n918,844 614,497 304,347 \r\n768 768 \r\n18,562,327 \r\n- \r\n \r\n9,588,755 4,422,300 5,166,455 \r\n7,165,099 1,369,928 5,795,171 \r\n1,292,977 1,012,232 \r\n280,745 \r\n108,505 71,615 36,890 \r\n- \r\n44,000 40,000 \r\n4,000 \r\n1,166,763 594,968 571,795 \r\n- \r\n19,366,099 \r\n- \r\n \r\n5,006,161 3,852,568 1,153,593 \r\n6,220,851 1,773,094 4,447,757 \r\n1,253,297 1,197,428 \r\n55,869 \r\n16,046 16,046 \r\n- \r\n56,195 56,195 \r\n- \r\n997,821 954,172 \r\n43,649 \r\n- \r\n13,550,371 \r\n- \r\n \r\n4,582,594 569,732 \r\n4,012,862 \r\n944,248 (403,166) 1,347,414 \r\n39,680 (185,196) 224,876 \r\n92,459 55,569 36,890 \r\n(56,195) (56,195) \r\n44,000 40,000 \r\n4,000 \r\n168,942 (359,204) 528,146 \r\n- \r\n5,815,728 \r\n- \r\n \r\nNet change in fund balances Fund Balance, Beginning of Fiscal Year FUND BALANCE, END OF FISCAL YEAR \r\n \r\n- \r\n \r\n- \r\n \r\n$ \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n58 \r\n \r\n Atlanta Independent School System SPECIAL REVENUE FUND -LOTTERY FUND \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2011 \r\n \r\nREVENUES \r\n \r\nState revenues \r\n \r\n$ \r\n \r\nFederal revenues \r\n \r\nOther local revenues \r\n \r\nTotal revenues \r\n \r\nEXPENDITURES Current: \r\nInstruction 24710S0aSlBary 24710N0NonS-Salary \r\nSupport Services: Pupil services \r\n24720S0aSlBary 24720N0NonS-Salary \r\n \r\nImprovement of instructional services 24720S1aSlBary 24720N1NonS-Salary \r\n \r\nOther support services 24720N9NonS-Salary \r\n \r\nTotal Expenditures \r\n \r\nExcess (deficiency) of revenues over (under) expenditures \r\n \r\nOTHER FINANCING SOURCES (USES) Transfers in \r\n \r\nNet change in fund balances \r\n \r\nFund Balance, Beginning of Fiscal Year \r\n \r\nFUND BALANCE, END OF FISCAL YEAR \r\n \r\n$ \r\n \r\nBudgeted Amounts \r\n \r\nOriginal \r\n \r\nFinal \r\n \r\nActual \r\n \r\nVariance with Final Budget \r\n(Over ) Under \r\n \r\n2,297,996 - \r\n21,083 2,319,079 \r\n \r\n2,730,987 29,983 84,998 \r\n2,845,968 \r\n \r\n2,599,029 45,169 - \r\n2,644,198 \r\n \r\n131,958 (15,186) 84,998 201,770 \r\n \r\n2,311,614 1,915,035 \r\n396,579 \r\n7,465 7,275 \r\n190 \r\n- \r\n- \r\n2,319,079 \r\n- \r\n- \r\n- \r\n27,716 \r\n27,716 \r\n \r\n2,752,435 2,145,777 \r\n606,658 \r\n \r\n2,574,076 2,470,835 \r\n103,241 \r\n \r\n66,242 40,171 26,071 \r\n \r\n28,334 27,866 \r\n468 \r\n \r\n8,791 7,276 1,515 \r\n \r\n2,179 2,179 \r\n- \r\n \r\n18,500 18,500 \r\n \r\n3,249 3,249 \r\n \r\n2,845,968 2,607,838 \r\n \r\n- \r\n \r\n36,360 \r\n \r\n27,716 27,716 \r\n \r\n4,853 41,213 27,716 68,929 \r\n \r\n178,359 (325,058) 503,417 \r\n37,908 12,305 25,603 \r\n6,612 5,097 1,515 \r\n15,251 15,251 \r\n238,130 \r\n(36,360) \r\n(4,853) \r\n(41,213) \r\n- \r\n(41,213) \r\n \r\n59 \r\n \r\n Atlanta Independent School System SPECIAL REVENUE FUND -OTHER FEDERAL PROGRAMS FUND \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2011 \r\n \r\nREVENUES \r\n \r\nState revenues \r\n \r\n$ \r\n \r\nFederal revenues \r\n \r\nOther local revenues \r\n \r\nTotal revenues \r\n \r\nEXPENDITURES Current: \r\nInstruction 11710S0aSlBary 11710N0NonS-Salary \r\nSupport Services: Pupil services \r\n11720S0aSlBary 11720N0NonS-Salary \r\n \r\nImprovement of instructional services 11720S1aSlBary 11720N1NonS-Salary \r\n \r\nEducational media 11720S2aSlBary 11720N2NonS-Salary \r\n \r\nGeneral administration 11720S3aSlBary 11720N3NonS-Salary \r\n \r\nSchool administration 11720N4NonS-Salary \r\n \r\nBusiness administration 11720N5NonS-Salary \r\n \r\nMaintenance and operation of facilities 11720N6NonS-Salary \r\n \r\nStudent transportation 11720N7NonS-Salary \r\n \r\nCentral support 11720S8aSlBary 11720N8NonS-Salary \r\n \r\nOther support services 11720S9aSlBary \r\n11720N9NonS-Salary \r\n \r\nNutrition 117301NNoSn-Salary \r\n \r\nTotal Expenditures \r\n \r\nExcess (deficiency) of revenues over (under) expenditures \r\n \r\nBudgeted Amounts \r\n \r\nOriginal \r\n \r\nFinal \r\n \r\nActual \r\n \r\nVariance with Final Budget \r\n(Over ) Under \r\n \r\n2,540,588 \r\n13,828 2,554,416 \r\n \r\n1,016,524 11,862,077 \r\n13,209 12,891,810 \r\n \r\n4,351,921 \r\n4,351,921 \r\n \r\n1,016,524 7,510,156 \r\n13,209 8,539,889 \r\n \r\n560,808 76,734 484,074 \r\n146,323 56,573 89,750 \r\n1,594,901 680,695 914,206 \r\n- \r\n118,567 23,534 95,033 \r\n- \r\n5,000 5,000 \r\n386 386 \r\n128,431 128,431 \r\n- \r\n- \r\n- \r\n2,554,416 \r\n- \r\n \r\n2,288,499 1,056,083 1,232,416 \r\n297,153 118,577 178,576 \r\n7,857,172 1,398,504 6,458,668 \r\n9,776 9,026 \r\n750 \r\n926,643 231,181 695,462 \r\n31,308 31,308 \r\n7,000 7,000 \r\n- \r\n232,620 232,620 \r\n6,500 6,239 \r\n261 \r\n1,218,339 127,534 \r\n1,090,805 \r\n16,800 16,800 \r\n12,891,810 \r\n- \r\n \r\n1,050,285 367,340 682,945 \r\n172,166 85,686 86,480 \r\n1,914,011 885,320 \r\n1,028,691 \r\n9,590 9,590 \r\n- \r\n117,587 62,845 54,742 \r\n7,686 7,686 \r\n- \r\n- \r\n78,018 78,018 \r\n- \r\n1,036,970 1,523 \r\n1,035,447 \r\n15,657 15,657 \r\n4,401,970 \r\n(50,049) \r\n \r\n1,238,214 688,743 549,471 \r\n124,987 32,891 92,096 \r\n5,943,161 513,184 \r\n5,429,977 \r\n186 (564) 750 \r\n809,056 168,336 640,720 \r\n23,622 23,622 \r\n7,000 7,000 \r\n- \r\n154,602 154,602 \r\n6,500 6,239 \r\n261 \r\n181,369 126,011 55,358 \r\n1,143 1,143 \r\n8,489,840 \r\n50,049 \r\n \r\nNet change in fund balances Fund Balance, Beginning of Fiscal Year FUND BALANCE, END OF FISCAL YEAR \r\n \r\n- \r\n \r\n- \r\n \r\n(50,049) \r\n \r\n50,049 \r\n \r\n64,126 \r\n \r\n64,126 \r\n \r\n64,126 \r\n \r\n- \r\n \r\n$ \r\n \r\n64,126 \r\n \r\n64,126 \r\n \r\n14,077 \r\n \r\n50,049 \r\n \r\n60 \r\n \r\n Atlanta Independent School System SPECIAL REVENUE FUND -OTHER SPECIAL PROJECTS FUND \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2011 \r\n \r\nREVENUES \r\n \r\nState revenues \r\n \r\n$ \r\n \r\nFederal revenues \r\n \r\nLocal revenues \r\n \r\nOther local revenues \r\n \r\nTotal revenues \r\n \r\nEXPENDITURES Current: \r\nInstruction 227100SaBlary 227100NoSn-Salary \r\nSupport Services: Pupil services \r\n227200SaBlary 227200NoSn-Salary \r\n \r\nImprovement of instructional services 227201SaBlary 227201NoSn-Salary \r\n \r\nGeneral administration 227203SaBlary 227203NoSn-Salary \r\n \r\nSchool administration 227204SaBlary 227204NoSn-Salary \r\n \r\nBusiness administration 227205SaBlary 227205NoSn-Salary \r\n \r\nMaintenance and operation of facilities 227206SaBlary 227206NoSn-Salary \r\n \r\nStudent transportation 227207SaBlary 227207NoSn-Salary \r\n \r\nCentral support 227208SaBlary 227208NoSn-Salary \r\n \r\nOther support services 227209SaBlary 227209NoSn-Salary \r\n \r\nCapital Outlays 227400NSBon-Salary \r\n \r\nTotal Expenditures \r\n \r\nExcess (deficiency) of revenues over (under) expenditures \r\n \r\nOTHER FINANCING SOURCES (USES) Transfers out \r\n \r\nNet change in fund balances \r\n \r\nFund Balance, Beginning of Fiscal Year \r\n \r\nFUND BALANCE, END OF FISCAL YEAR \r\n \r\n$ \r\n \r\nBudgeted Amounts \r\n \r\nOriginal \r\n \r\nFinal \r\n \r\nActual \r\n \r\nVariance with Final Budget \r\n(Over ) Under \r\n \r\n592,379 1,348,356 \r\n11,836,782 \r\n13,777,517 \r\n \r\n2,337,888 2,087,285 \r\n1,347,586 20,157,841 \r\n25,930,600 \r\n \r\n431,038 548,831 \r\n7,227,628 \r\n8,207,497 \r\n \r\n1,906,850 1,538,454 \r\n1,347,586 12,930,213 \r\n17,723,103 \r\n \r\n2,237,838 1,045,391 1,192,447 \r\n343,993 280,125 63,868 \r\n5,470,556 877,959 \r\n4,592,597 \r\n448,266 325,722 122,544 \r\n10,000 10,000 \r\n- \r\n15,322 - \r\n15,322 \r\n27,723 445 \r\n27,278 \r\n423,359 - \r\n423,359 \r\n631,488 407,197 224,291 \r\n4,146,170 130,665 \r\n4,015,505 \r\n22,802 22,802 \r\n13,777,517 \r\n- \r\n- \r\n- \r\n11,740,053 \r\n11,740,053 \r\n \r\n4,133,983 1,515,730 2,618,253 \r\n961,470 486,100 475,370 \r\n11,636,648 1,225,383 10,411,265 \r\n1,687,084 329,622 \r\n1,357,462 \r\n1,323,467 999,747 323,720 \r\n529,204 - \r\n529,204 \r\n1,041,270 1,445 \r\n1,039,825 \r\n683,127 - \r\n683,127 \r\n2,768,491 931,644 \r\n1,836,847 \r\n1,123,700 130,665 993,035 \r\n22,156 22,156 \r\n25,910,600 \r\n20,000 \r\n \r\n2,350,646 1,340,891 1,009,755 \r\n1,076,249 1,011,029 \r\n65,220 \r\n5,526,237 759,470 \r\n4,766,767 \r\n1,110,206 196,813 913,393 \r\n1,139,495 1,139,495 \r\n- \r\n267,388 54,631 212,757 \r\n54,069 317 \r\n53,752 \r\n196,159 27 \r\n196,132 \r\n1,823,438 416,750 \r\n1,406,688 \r\n112,307 112,307 \r\n- \r\n- \r\n13,656,194 \r\n(5,448,697) \r\n \r\n1,783,337 174,839 \r\n1,608,498 \r\n(114,779) (524,929) 410,150 \r\n6,110,411 465,913 \r\n5,644,498 \r\n576,878 132,809 444,069 \r\n183,972 (139,748) 323,720 \r\n261,816 (54,631) 316,447 \r\n987,201 1,128 \r\n986,073 \r\n486,968 (27) \r\n486,995 \r\n945,053 514,894 430,159 \r\n1,011,393 18,358 \r\n993,035 \r\n22,156 22,156 \r\n12,254,406 \r\n5,468,697 \r\n \r\n(20,000) \r\n \r\n(4,853) \r\n \r\n- \r\n \r\n(5,453,550) \r\n \r\n11,740,053 11,740,053 \r\n \r\n11,740,053 \r\n \r\n6,286,503 \r\n \r\n(15,147) 5,453,550 \r\n5,453,550 \r\n \r\n61 \r\n \r\n Atlanta Independent School System CAPITAL PROJECTS FUND \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual \r\nFor the Fiscal Year Ended June 30, 2011 \r\n \r\nRevenue \r\n \r\nSales tax revenue \r\n \r\n$ \r\n \r\nState revenue \r\n \r\nInvestment income \r\n \r\nOther local revenue \r\n \r\nTotal Revenue \r\n \r\nExpenditures Current \r\nInstruction Non-Salary \r\nSupport services General administration Non-Salary \r\n \r\nBusiness administration Salary \r\n \r\nMaintenance and operation of facilities Salary Non-Salary \r\n \r\nStudent transportation Non-Salary \r\n \r\nCentral support Salary Non-Salary \r\n \r\nCapital outlays Salary Non-Salary \r\n \r\nTotal Expenditures \r\n \r\nExcess (deficiency) revenues over(under) expenditures \r\n \r\nOTHER FINANCING SOURCES (USES) Transfers in \r\n \r\nNet change in fund balance \r\n \r\nFund Balance, Beginning of Fiscal Year \r\n \r\nFUND BALANCE, END OF FISCAL YEAR \r\n \r\n$ \r\n \r\nBudgeted Amounts \r\n \r\nOriginal \r\n \r\nFinal \r\n \r\n88,088,083 88,088,083 \r\n \r\n144,110,000 - \r\n120,130,709 264,240,709 \r\n \r\n- \r\n- \r\n- \r\n- \r\n- \r\n- \r\n88,088,083 235,290 \r\n87,852,793 \r\n88,088,083 \r\n- \r\n- \r\n- \r\n136,885,042 \r\n136,885,042 \r\n \r\n- \r\n- \r\n- \r\n- \r\n- \r\n- \r\n264,240,709 310,790 \r\n263,929,919 \r\n264,240,709 \r\n- \r\n- \r\n- \r\n136,885,042 \r\n136,885,042 \r\n \r\nActual \r\n \r\nVariance with Final Budget \r\n(Over ) Under \r\n \r\n57,678,243 1,767,686 \r\n157,853 438,713 60,042,495 \r\n \r\n86,431,757 (1,767,686) \r\n(157,853) 119,691,996 204,198,214 \r\n \r\n12,578 12,578 \r\n41,689 41,689 \r\n95,282 95,282 \r\n3,294,170 38,309 \r\n3,255,860 \r\n49,709 49,709 \r\n2,616,021 14,263 \r\n2,601,758 \r\n115,014,153 87,560 \r\n114,926,593 \r\n121,123,601 \r\n(61,081,106) \r\n10,000,000 \r\n(51,081,106) \r\n136,885,042 \r\n85,803,936 \r\n \r\n(12,578) (12,578) \r\n(41,689) (41,689) \r\n(95,282) (95,282) \r\n(3,294,169) (38,309) \r\n(3,255,860) \r\n(49,709) (49,709) \r\n(2,616,021) (14,263) \r\n(2,601,758) \r\n149,226,556 223,230 \r\n149,003,326 \r\n143,117,108 \r\n61,081,106 \r\n(10,000,000) \r\n51,081,106 \r\n- \r\n51,081,106 \r\n \r\n62 \r\n \r\n Atlanta Independent School System Combining Statement of Changes in Assets and Liabilities \r\nAgency Fund For the Fiscal Year Ended June 30, 2011 \r\n \r\nAssets: Cash and cash equivalents \r\n \r\nBalance July 1, 2010 \r\n \r\nAdditions \r\n \r\nDeductions \r\n \r\nBalance June 30, 2011 \r\n \r\n$ \r\n \r\n901,214 $ \r\n \r\n1,639,022 $ \r\n \r\n1,966,394 $ \r\n \r\n573,842 \r\n \r\nLiabilities: \r\n \r\nDue to local schools and student groups \r\n \r\n$ \r\n \r\n901,214 $ \r\n \r\n1,639,022 $ \r\n \r\n1,966,394 $ \r\n \r\n573,842 \r\n \r\n63 \r\n \r\n Quality Basic Education Programs  Program Expenditures \r\nGeneral Fund Quality Basic Education Programs: Schedule of Allotments and Expenditures by Program Schedule of Expenditures by Object  Lottery Programs Schedule of Approved Local Option Sales Tax Projects \r\nSchedule of State Revenues \r\n \r\n QUALITY BASIC EDUCATION PROGRAMS - PROGRAM EXPENDITURES \r\nThe Official Code of Georgia Annotated Section 20-2-172 (a) Expenditure Controls for fiscal years 2007 and 2008 state: For each program identified in Code Section 20-2-161, each local School System shall spend 100 percent of funds designated for direct instructional costs on the direct instructional costs of such program on one or more of the programs identified in Code Section 20-2-161 at the system level, with no requirement that the School System spend any specific portion of such funds at the site where such funds were earned. The following pages are presented for purposes of additional analysis and reflect overall minimum expenditure requirements compared to overall program expenditures made by the School System as described above and also reflect minimum program expenditure requirements compared to actual expenditures made by the School System on a program basis. \r\n64 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM BOARD OF EDUCATION GENERAL FUND - QUALITY BASIC EDUCATION PROGRAM(QBE) \r\nSCHEDULE OF ALLOTMENTS AND EXPENDITURES - BY PROGRAM FISCAL YEAR ENDED JUNE 30, 2011 \r\n \r\nDESCRIPTION \r\nDirect Instructional Programs 1011 Kindergarten Program 1061 Kindergarten Program-Early Intervention Program 1021 Primary Grades (1-3) Program 1071 Primary Grades-Early Intervention (1-3) Program 1051 Upper Elementary Grades (4-5) Program 1091 Upper Elem Grades-Early Intervention (4-5) Program 1031 Middle Grades (6-8) Program 1081 Middle School (6-8) Program 1041 High School General Education (9-12) Program 3011 Vocational Laboratory (9-12) Program \r\nStudents with Disabilities 2021 Category I 2031 Category II 2041 Category III 2051 Category IV 2011 Category V 2111 Gifted Student - Category VI 2211 Remedial Education Program 5071 Alternative Education Program 1351 English Speakers of Other Languages (ESOL) \r\nTOTAL DIRECT INSTRUCTIONAL PROGRAMS \r\n1310 Media Center Program 1210 Staff and Professional Development \r\n \r\nALLOTMENTS FROM GEORGIA DEPARTMENT OF EDUCATION (1) \r\n \r\nSALARIES \r\n \r\nELIGIBLE QBE PROGRAM COSTS OPERATIONS \r\n \r\nTOTAL \r\n \r\n$ \r\n \r\n22,185,760 \r\n \r\n$ \r\n \r\n19,425,444 $ \r\n \r\n- \r\n \r\n$ \r\n \r\n19,425,444 \r\n \r\n3,073,933 \r\n \r\n1,905,865 \r\n \r\n- \r\n \r\n1,905,865 \r\n \r\n48,807,907 \r\n \r\n66,253,198 \r\n \r\n23,686,080 \r\n \r\n89,939,278 \r\n \r\n8,229,778 \r\n \r\n14,730,566 \r\n \r\n- \r\n \r\n14,730,566 \r\n \r\n22,018,633 \r\n \r\n22,073,791 \r\n \r\n2,838,687 \r\n \r\n24,912,478 \r\n \r\n5,942,287 \r\n \r\n3,148,996 \r\n \r\n- \r\n \r\n3,148,996 \r\n \r\n947,947 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n31,832,384 \r\n \r\n37,645,478 \r\n \r\n2,496,690 \r\n \r\n40,142,168 \r\n \r\n29,095,563 \r\n \r\n50,626,359 \r\n \r\n3,390,960 \r\n \r\n54,017,319 \r\n \r\n6,507,737 \r\n \r\n5,892,101 \r\n \r\n585,625 \r\n \r\n6,477,726 \r\n \r\n1,583,165 2,593,234 15,970,401 4,006,489 390,829 8,393,718 2,448,712 2,540,437 2,819,776 \r\n \r\n36,351,071 1,541,211 3,691,604 \r\n8,786,495 3,562,715 1,322,290 4,014,684 \r\n \r\n1,880,643 - \r\n598,088 - \r\n64,140 237,368 192,525 156,219 \r\n \r\n38,231,714 1,541,211 4,289,692 \r\n8,850,635 3,800,083 1,514,815 4,170,903 \r\n \r\n$ \r\n \r\n219,388,690 \r\n \r\n$ 280,971,868 \r\n \r\n$ 36,127,025 \r\n \r\n$ 317,098,893 \r\n \r\n6,437,327 1,148,420 \r\n \r\n8,827,160 2,492,875 \r\n \r\n729,112 952,444 \r\n \r\n9,556,272 3,445,319 \r\n \r\nTOTAL QBE FORMULA FUNDS \r\n1100 Twenty days additional Instruction 1320 Pupil Transprtaion 1445 On behalf 1450 Indirect costs - Central Admin. 1455 Indirect costs - School Admin. 1457 Indirect costs - Facilities M\u0026O 1500 Nurses \r\n \r\n$ \r\n \r\n226,974,437 \r\n \r\n$ 292,291,903 \r\n803,730 12,486,525 \r\n797,858 - \r\n150,519 $ 306,530,535 \r\n \r\n$ 37,808,581 \r\n4,520,289 \r\n$ 42,328,870 \r\n \r\n$ 330,100,484 \r\n803,730 17,006,814 \r\n797,858 - \r\n150,519 $ 348,859,405 \r\n \r\n(1) Comprised of State Funds plus Local Five Mill Share. \r\n \r\n65 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nLottery Programs Schedule of Expenditures by Object For the Fiscal Year Ended June 30, 2011 \r\n \r\nSalaries Employee benefits Employee travel Other purchased services Materials and supplies \r\n \r\nPre-Kindergarten Program \r\n$ 2,096,382 404,498 326 3,809 102,823 \r\n$ 2,607,838 \r\n \r\n66 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM SCHEDULE OF APPROVED LOCAL OPTION SALES TAX PROJECTS \r\nFISCAL YEAR ENDED JUNE 30, 2011 \r\n \r\nPROJECT \r\n \r\nORIGINAL ESTIMATED \r\nCOST (1) \r\n \r\nCURRENT ESTIMATED COSTS (2) \r\n \r\nAMOUNT EXPENDED IN CURRENT YEAR (3) \r\n \r\nAMOUNT EXPENDED \r\nIN PRIOR YEARS (4)(5) \r\n \r\nPROJECT STATUS \r\n \r\nSPLOST II \r\n \r\nDekalb County Renovations, modifications, additions and equipment \r\n \r\nfor the following facilities: Crim High School, Coan \r\n \r\nMiddle School, Burgess/Peterson Elementary School, \r\n \r\nEast Lake Elementary School, Lin Elementary \r\n \r\nSchool, Toomer Elementary School, and Whitefoord \r\n \r\nElementary \r\n \r\n$ \r\n \r\nFulton County New school construction, classroom additions, renovations, infrastructure improvements, security system improvements, technology improvements, land acquisition, site preparation, new staff development and instructional support facilities, new maintenance \r\n \r\nSPLOST III \r\nFulton County Capital outlay projects including new school construction, classroom additions, renovations, infrastructure improvements, upgrading security system, technology improvements, land acquisition, site preparation, providing staff development and instructional \r\n \r\nDekalb County Capital outlay projects consisting of construction, renovations, modifications, additions and equipment for the following facilities: The Howard School, Lin Elementary School and Whitefoord Elementary School and any future updates: Crim High School, Coan \r\n \r\n21,355,321 $ 486,538,295 552,357,776 \r\n20,511,000 \r\n \r\n28,351,364 $ \r\n \r\n1,498,914 $ \r\n \r\n26,852,450 \r\n \r\nOngoing \r\n \r\n433,838,560 \r\n \r\n1,759,645 \r\n \r\n432,078,915 \r\n \r\nOngoing \r\n \r\n440,299,913 \r\n \r\n98,387,096 \r\n \r\n213,405,484 \r\n \r\nOngoing \r\n \r\n20,906,706 \r\n \r\n6,645,911 \r\n \r\n14,260,795 \r\n \r\nOngoing \r\n \r\n$ 1,080,762,392 $ \r\n \r\n923,396,543 $ \r\n \r\n108,291,566 $ \r\n \r\n686,597,644 \r\n \r\n(1) The School System's original cost estimate as specified in the resolution calling for the imposition of the Local Option Sales Tax. \r\n(2) The School System's current estimate of total cost for the projects. Includes all cost from project inception to completion. \r\n(3) The voters of Fulton and Dekalb Counties approved the imposition of a 1% sales tax to fund the above projects and retire associated debt. Amounts expended for these projects may include sales tax proceeds, state, local property taxes and/or other funds over the life of the projects. \r\n(4) The School System's amounts expended in prior years related to the above projects. \r\n(5) The SPLOST III Amount Expended in Prior Years (4) balances have been adjusted for reclassification of Springdale and Morningside expenditures from Fulton to Dekalb. \r\n \r\n67 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM SCHEDULE OF STATE REVENUE \r\nFISCAL YEAR ENDED JUNE 30, 2011 \r\n \r\nAGENCY/FUNDING \r\nGRANTS Bright from the Start: Georgia Department of Early Care and Learning Pre-Kindergarten Program \r\nEducation, Georgia Department of Quality Basic Education Direct Instructional Cost Kindergarten Program Kindergarten Program - Early Intervention Program Primary Grades (1-3) Program Primary Grades - Early Intervention (1-3) Program Upper Elementary Grades (4-5) Program Upper Elementary Grades - Early Intervention (4-5) Program Middle Grades (6-8) Program Middle School (6-8) Program High School General Education (9-12) Program Vocational Laboratory (9-12) Program Students with Disabilities - All Categories Gifted Student - Category VI Remedial Education Program Alternative Education Program English Speakers of Other Languages (ESOL) Media Center Program 20 Days Additional Instruction Staff and Professional Development Indirect Cost Central Administration School Administration Facility Maintenance and Operations Categorical Grants Pupil Transportation Regular Nursing Services Austerity Reduction Charter Commission Local Other State Programs Apprentice Charter Schools- Direct Dual Enrollment Extended Day Tch Health Insurance CTAE M.E. Support Math Science Supplement Preschool Handicapped Program Residential Treatment Centers Grant Teacher's Retirement Vocational Supervisors Vocational Ind Cert Virtual School State Grants Adult Literacy Project \r\nGeorgia State Financing and Investment Commission Reimbursement on Construction Projects \r\n \r\nGENERAL FUND \r\n \r\nGOVERNMENTAL FUND TYPES \r\n \r\nCAPITAL \r\n \r\nOTHER NONMAJOR \r\n \r\nPROJECTS \r\n \r\nGOVERNMENTAL \r\n \r\nFUND \r\n \r\nFUNDS \r\n \r\nTOTAL \r\n \r\n$ \r\n \r\n- $ \r\n \r\n- $ \r\n \r\n2,599,029 $ \r\n \r\n2,599,029 \r\n \r\n12,201,603 1,597,930 \r\n26,637,172 4,456,186 \r\n12,094,436 3,238,892 528,545 \r\n17,404,968 15,858,900 \r\n3,547,406 13,594,873 \r\n4,531,238 1,347,498 1,386,721 1,572,868 3,515,002 1,082,845 \r\n618,445 \r\n2,739,960 8,243,068 7,868,577 \r\n \r\n3,180,816 693,120 \r\n-21,288,539 -2,329,444 \r\n \r\n38,959 626,447 \r\n23,188 120,689 623,968 \r\n3,614 450,832 438,877 328,771 173,890 \r\n58,538 23,910 \r\n1,075 - \r\n \r\n- \r\n \r\n$ \r\n \r\n127,235,844 $ \r\n \r\n- \r\n- \r\n- \r\n- \r\n- \r\n1,767,686 1,767,686 $ \r\n \r\n- \r\n- \r\n- \r\n- \r\n431,038 \r\n3,030,067 $ \r\n \r\n12,201,603 1,597,930 \r\n26,637,172 4,456,186 \r\n12,094,436 3,238,892 528,545 \r\n17,404,968 15,858,900 \r\n3,547,406 13,594,873 \r\n4,531,238 1,347,498 1,386,721 1,572,868 3,515,002 1,082,845 \r\n618,445 \r\n2,739,960 8,243,068 7,868,577 \r\n3,180,816 693,120 \r\n(21,288,539) (2,329,444) \r\n38,959 626,447 \r\n23,188 120,689 623,968 \r\n3,614 450,832 438,877 328,771 173,890 \r\n58,538 23,910 \r\n1,075 431,038 \r\n1,767,686 132,033,597 \r\n \r\n68 \r\n \r\n Statistical Section (Unaudited) \r\n \r\n Atlanta Independent School System \r\nIntroduction to the Statistical Section (Unaudited) \r\n \r\nThis part of Atlanta Independent School Systems comprehensive annual financial report presents detailed information as a context for understanding this fiscal year's financial statements, note disclosures, and supplementary information. This information is unaudited. \r\n \r\nContents \r\n \r\nSchedule \r\n \r\nFinancial Trends \r\n \r\n1 - 6 \r\n \r\nThese tables contain trend information that may assist the reader in assessing the School \r\n \r\nSystem's current financial performance by placing it in a historical perspective. \r\n \r\nOperating Information These tables contain service indicators that can inform ones' understanding how the information in the School System's financial statements relates to the services the School System provides and the activities it performs. \r\n \r\n7 - 13 \r\n \r\nDemographic and Economic Information These tables present demographic and economic information intended (1) to assist users in understanding the socioeconomic environment within which the School System operates and (2) to provide information that facilitates comparisons of financial statement information over time. \r\n \r\n14 - 22 \r\n \r\nData Source: Unless otherwise noted, the information in these tables is derived from the comprehensive annual financial report for the applicable fiscal year. \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM NET ASSETS BY COMPONENT LAST TEN FISCAL YEARS Schedule 1 \r\n \r\nFiscal Year Ended June 30, \r\nGovernmental Activities Invested in Capital Assets, Net of Related Debt Restricted Unrestricted \r\nTotal Governmental Activities Net Assets \r\n \r\n2002 \r\n481,975,764 2,482,792 \r\n249,505,942 733,964,498 \r\n \r\n2003 \r\n \r\n2004 \r\n \r\n2005 \r\n \r\n2006 \r\n \r\n629,768,301 - \r\n182,053,270 811,821,571 \r\n \r\n733,997,697 - \r\n95,404,253 829,401,950 \r\n \r\n803,563,172 3,988,606 \r\n115,840,477 923,392,255 \r\n \r\n831,829,656 26,478,370 \r\n125,881,509 984,189,535 \r\n \r\n2007 \r\n893,683,701 106,980,587 157,963,991 1,158,628,279 \r\n \r\n2008 \r\n \r\n2009 \r\n \r\n2010 \r\n \r\n854,305,957 182,517,605 191,270,394 1,228,093,956 \r\n \r\n959,621,519 152,371,189 168,743,024 1,280,735,732 \r\n \r\n1,056,744,474 111,943,417 128,194,970 \r\n1,296,882,861 \r\n \r\n2011 \r\n1,104,601,221 112,855,070 147,834,977 \r\n1,365,291,268 \r\n \r\nBusiness-Type Activities Invested in Capital Assets, Net of Related Debt Unrestricted \r\nTotal Business-Type Activities Net Assets \r\n \r\n2,720,262 (12,995,516) (10,275,254) \r\n \r\n2,887,616 (18,572,353) (15,684,737) \r\n \r\n3,897,068 (22,325,064) (18,427,996) \r\n \r\n5,055,963 (25,805,372) (20,749,409) \r\n \r\n5,776,388 (26,121,644) (20,345,256) \r\n \r\n8,504,052 (9,964,379) (1,460,327) \r\n \r\n484,935 484,935 \r\n \r\n1,972,799 1,972,799 \r\n \r\n2,038,487 2,038,487 \r\n \r\n2,183,644 2,183,644 \r\n \r\nPrimary Government Activities Invested in Capital Assets, Net of Related Debt Restricted Unrestricted \r\nTotal Primary Government Activities Net Assets \r\n \r\n484,696,026 2,482,792 \r\n236,510,426 723,689,244 \r\n \r\nSource: Atlanta Independent School System Financial Reports for previous years and fiscal year ended June 30, 2011. \r\n \r\n632,655,917 - \r\n163,480,917 796,136,834 \r\n \r\n737,894,765 - \r\n73,079,189 810,973,954 \r\n \r\n808,619,135 3,988,606 90,035,105 \r\n902,642,846 \r\n \r\n837,606,044 26,478,370 99,759,865 \r\n963,844,279 \r\n \r\n902,187,753 106,980,587 147,999,612 1,157,167,952 \r\n \r\n854,305,957 182,517,605 191,755,329 1,228,578,891 \r\n \r\n959,621,519 152,371,189 170,715,823 1,282,708,531 \r\n \r\n1,056,744,474 111,943,417 130,233,457 \r\n1,298,921,348 \r\n \r\n1,104,601,221 112,855,070 150,018,621 \r\n1,367,474,912 \r\n \r\n69 \r\n \r\n Fiscal Year Ended June 30, Expenses Governmental Activities \r\nInstruction Pupil Services Improvement of instructional services Educational media General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Community services Other support services Nutrition Interest and fiscal charges Bond issuance cost Depreciation Total Governmental Activities Expenses \r\nBusiness-Type Activities Food services \r\nTotal Business-Type Activities Expenses \r\nTotal Primary Government Activities Expenses \r\nProgram Revenues Governmental Activities \r\nCharges for Services Instruction School administration Maintenance and operation of facilities Other support services Nutrition \r\nOperating Grants and Contributions Instruction Pupil services Improvement of instructional services Educational media General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Community Services Other support services Nutrition \r\nCapital Grants and Contributions Instruction Maintenance and operation of facilities Student transportation \r\nTotal Governmental Activities Program Revenues \r\nBusiness-Type Activities Charges for Services Food Services Operating Grants and Contributions Food Services \r\nTotal Business-Type Activities Program Revenues Total Primary Government Activities Program Revenues \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM CHANGE IN NET ASSETS LAST TEN FISCAL YEARS Schedule 2 \r\n \r\n2002 \r\n \r\n2003 \r\n \r\n2004 \r\n \r\n2005 \r\n \r\n2006 \r\n \r\n369,380,523 22,627,253 28,097,268 12,360,619 10,924,016 30,642,476 \r\n8,337,982 61,198,598 17,000,163 25,991,753 \r\n3,214,167 681,496 977,215 - \r\n237,108 591,670,637 \r\n \r\n404,300,173 21,649,868 23,447,177 7,615,931 13,622,969 25,948,073 \r\n6,452,828 58,896,420 16,678,855 23,404,234 \r\n6,116,012 - \r\n249,094 608,381,634 \r\n \r\n424,091,453 21,890,649 21,135,004 6,746,870 21,539,082 24,230,800 5,482,136 61,354,665 15,189,582 29,129,882 \r\n690,836 \r\n204,969 631,685,928 \r\n \r\n435,352,357 24,009,140 20,011,373 7,087,158 18,908,200 23,247,406 6,685,755 48,321,284 14,678,214 26,204,018 423,301 538,613 \r\n625,466,819 \r\n \r\n393,121,077 29,201,941 31,910,382 11,326,263 22,244,328 36,313,409 12,973,297 60,098,358 21,658,991 26,764,937 \r\n837,701 \r\n1,855,674 \r\n648,306,358 \r\n \r\n25,739,005 25,739,005 \r\n617,409,642 \r\n \r\n27,325,463 27,325,463 \r\n635,707,097 \r\n \r\n26,552,371 26,552,371 \r\n658,238,299 \r\n \r\n25,772,181 25,772,181 \r\n651,239,000 \r\n \r\n21,711,551 21,711,551 \r\n670,017,909 \r\n \r\n2007 \r\n \r\n2008 \r\n \r\n2009 \r\n \r\n2010 \r\n \r\n2011 \r\n \r\n384,275,604 20,424,786 27,779,791 8,112,792 22,613,568 25,103,296 14,960,540 57,871,414 19,865,342 25,086,693 \r\n(13,721) 2,267,033 \r\n1,031,588 \r\n609,378,726 \r\n \r\n442,325,531 36,915,697 42,180,829 11,637,527 18,659,059 34,558,215 11,483,553 91,600,184 42,709,556 32,899,945 \r\n9,330,309 \r\n1,788,213 \r\n776,088,617 \r\n \r\n427,131,947 36,130,943 38,598,585 9,220,728 15,698,105 26,425,185 24,150,131 88,484,674 53,662,233 38,798,862 \r\n3,707,098 \r\n2,295,941 \r\n764,304,432 \r\n \r\n438,036,127 37,303,898 40,427,290 8,394,083 14,110,681 28,239,428 15,327,591 90,747,017 39,593,169 48,566,805 \r\n3,350,291 \r\n2,022,585 \r\n766,118,965 \r\n \r\n377,491,180 39,024,421 50,496,694 9,616,559 14,514,905 33,287,126 17,889,836 96,333,469 28,898,209 36,729,914 \r\n4,382,181 \r\n15,657 2,258,183 \r\n- \r\n710,938,335 \r\n \r\n19,204,656 19,204,656 \r\n628,583,382 \r\n \r\n30,519,130 30,519,130 \r\n806,607,747 \r\n \r\n21,752,821 21,752,821 \r\n786,057,253 \r\n \r\n23,222,029 23,222,029 \r\n789,340,994 \r\n \r\n23,800,532 23,800,532 \r\n734,738,867 \r\n \r\n- \r\n- \r\n213,249,865 4,209,345 \r\n17,993,177 1,723,159 2,084,660 448,209 56,963 806,645 735,268 2,762,298 564,776 - \r\n8,592,231 - \r\n253,226,596 \r\n \r\n- \r\n- \r\n211,745,193 4,428,193 \r\n13,528,687 121,737 \r\n2,648,088 2,097,074 \r\n222,320 1,046,705 108,992 3,597,754 \r\n- \r\n2,124,937 - \r\n241,669,680 \r\n \r\n- \r\n- \r\n187,402,434 6,558,788 17,556,463 30,954 3,756,784 381,845 58,967 379,673 754,227 2,524,240 - \r\n2,717,420 - \r\n222,121,795 \r\n \r\n- \r\n- \r\n170,977,158 8,414,003 \r\n16,447,379 182,646 \r\n4,151,612 238,704 366,225 27,511 \r\n1,409,015 1,105,539 \r\n1,444,714 \r\n- \r\n2,230,799 - \r\n206,995,305 \r\n \r\n2,097,124 \r\n- \r\n- \r\n176,215,716 7,400,136 \r\n11,712,590 1,491,330 4,516,383 355,600 1,115,379 261,388 1,960,211 104,874 677,385 - \r\n8,927 - \r\n1,640,644 209,611,500 \r\n \r\n1,004,517 - \r\n1,067,404 \r\n- \r\n156,075,020 14,951,701 16,073,230 2,424,655 3,336,077 6,065,020 1,102,416 8,740,838 5,206,251 \r\n984,451 65,551 \r\n7,365,780 - \r\n1,191,630 \r\n225,654,541 \r\n \r\n114,350 - \r\n3,749,416 \r\n168,958,774 18,133,132 16,110,597 3,745,884 3,104,288 3,498,951 9,106,449 9,262,487 5,337,639 \r\n660,429 226,806 1,307,102 \r\n- \r\n2,207,605 \r\n653,047 246,176,956 \r\n \r\n140,047 - \r\n1,246,236 \r\n767,347 \r\n108,327,712 20,282,835 20,193,588 2,899,356 5,788,541 5,874,998 3,933,403 17,293,612 8,537,786 7,680,398 2,811,038 \r\n12,691 \r\n205,789,588 \r\n \r\n90,084 - \r\n995,042 \r\n754,773 \r\n110,873,809 14,470,057 27,647,132 1,404,768 3,705,087 6,841,227 2,925,304 15,521,798 8,286,759 9,984,164 2,116,177 \r\n- \r\n205,616,181 \r\n \r\n31,492 - \r\n783,989 670,918 \r\n- \r\n111,426,958 18,641,247 33,328,056 2,000,787 5,053,926 7,958,215 4,077,543 20,416,518 6,735,023 9,260,421 2,845,306 14,696 \r\n25,367,686 - \r\n248,612,781 \r\n \r\n1,886,863 \r\n20,013,045 21,899,908 275,126,504 \r\n \r\n2,388,324 \r\n19,527,656 21,915,980 263,585,660 \r\n \r\n1,966,090 \r\n20,250,537 22,216,627 244,338,422 \r\n \r\n3,566,337 \r\n18,088,139 21,654,476 228,649,781 \r\n \r\n2,580,828 \r\n18,265,689 20,846,517 230,458,017 \r\n \r\n2,534,746 \r\n19,068,852 21,603,598 247,258,139 \r\n \r\n2,187,375 \r\n20,877,018 23,064,393 269,241,349 \r\n \r\n2,291,777 \r\n20,948,908 23,240,685 229,030,273 \r\n \r\n1,836,912 \r\n21,442,603 23,279,515 228,895,696 \r\n \r\n1,695,061 \r\n22,233,560 23,928,621 272,541,402 \r\n \r\n70 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM CHANGE IN NET ASSETS LAST TEN FISCAL YEARS Schedule 2 \r\n \r\nFiscal Year Ended June 30, Net (Expense)/Revenue Governmental Activities \r\nInstruction Pupil Services Improvement of instructional services Educational media General administration School administration Business administration Maintenance and operation of facilities Student transportation Central support Community Services Other support services Nutrition Interest and fiscal charges Bond issuance cost Depreciation Total Governmental Activities Net (Expenses)/Revenues \r\nBusiness-Type Activities Food Services \r\nTotal Business-Type Activities Net (Expenses)/Revenues \r\nTotal Primary Government Activities Net Expense \r\n \r\n2002 \r\n \r\n2003 \r\n \r\n2004 \r\n \r\n(147,538,427) (18,417,908) (10,104,091) (10,637,460) \r\n(8,839,356) (30,194,267) \r\n(8,337,982) (61,141,635) (16,193,518) (25,256,485) \r\n(116,720) (451,869) \r\n(977,215) - \r\n(237,108) (338,444,041) \r\n \r\n(190,430,043) (17,221,675) (9,918,490) (7,494,194) (10,974,881) (23,850,999) (6,452,828) (58,674,100) (15,632,150) (23,295,242) (2,518,258) (249,094) \r\n(366,711,954) \r\n \r\n(233,971,599) (15,331,861) (3,578,541) (6,715,916) (17,782,298) (23,848,955) (5,482,136) (61,295,698) (14,809,909) (28,375,655) 2,524,240 (690,836) (204,969) \r\n(409,564,133) \r\n \r\n(3,839,097) (3,839,097) \r\n(342,283,138) \r\n \r\n(5,409,483) (5,409,483) \r\n(372,121,437) \r\n \r\n(4,335,744) (4,335,744) \r\n(413,899,877) \r\n \r\nGeneral Revenues and Other Charges in Net Assets Governmental Activities \r\nTaxes \r\nProperty Taxes levied for general purposes Property Taxes levied for debt Services Special Local Option Sales Tax \u0026 Other Taxes Grants and Contributions not restricted to specific programs Investment Earnings Other Gain on sale of capital assets Transfers Extra ordinary items Total Governmental Activities \r\n \r\n325,547,139 - \r\n93,920,742 - \r\n16,910,046 6,789,405 \r\n443,167,332 \r\n \r\n353,451,241 - \r\n79,256,916 - \r\n11,616,090 5,935,088 \r\n450,259,335 \r\n \r\n373,487,358 - \r\n85,604,946 - \r\n1,995,307 3,786,290 \r\n(1,592,485) \r\n463,281,416 \r\n \r\nBusiness-Type Activities Investment Earnings Transfers Other \r\nTotal Business-Type Activities Total Primary Government Activities \r\n \r\n443,167,332 \r\n \r\n450,259,335 \r\n \r\n1,592,485 \r\n1,592,485 464,873,901 \r\n \r\nChange in Net Assets Governmental Activities Business-Type Activities \r\nTotal Primary Government \r\n \r\n104,723,291 (3,839,097) \r\n100,884,194 \r\n \r\n83,547,381 (5,409,483) 78,137,898 \r\n \r\n53,717,283 (2,743,259) 50,974,024 \r\n \r\nSource: Notes: \r\n \r\nAtlanta Independent School System Financial Reports for previous years and fiscal year ended June 30, 2011 \r\nRestatement in year 2008 due to prior period adjustments for change in accounting principle and estimates. In fiscal year 2008, change in pension expense allocation. In fiscal year 2007, change in allocation of capital assets. Changes in Instruction support 2007 to 2008 due to proper allocation of salary and benefits in 2008. GASB 34 implemented in 2002. In fiscal year 2010, sales tax decreased due to sales tax refund/repayment. Decrease in Sales Tax revenue in fiscal year 2011 due in part to the economic downturn. \r\n \r\n2005 \r\n \r\n2006 \r\n \r\n(262,144,400) (15,595,137) (3,563,994) (6,904,512) (14,756,588) (23,008,702) (6,319,530) (48,293,773) (13,269,199) (25,098,479) 1,021,413 (538,613) - \r\n(418,471,514) \r\n \r\n(216,896,434) (21,801,805) (20,197,792) (9,834,933) (17,727,945) (33,860,685) (11,857,918) (59,836,970) (18,058,136) (26,660,063) (106,503) (1,855,674) - \r\n(438,694,858) \r\n \r\n(4,117,705) (4,117,705) \r\n(422,589,219) \r\n \r\n(865,034) (865,034) \r\n(439,559,892) \r\n \r\n377,215,701 - \r\n91,202,366 - \r\n4,658,043 5,900,535 \r\n(1,796,292) \r\n477,180,353 \r\n \r\n361,839,014 - \r\n117,933,347 9,411,373 7,319,327 6,316,574 2,505,987 (1,036,966) - \r\n504,288,656 \r\n \r\n1,796,292 \r\n1,796,292 478,976,645 \r\n \r\n59,711 1,036,966 \r\n1,096,677 505,385,333 \r\n \r\n58,708,839 (2,321,413) 56,387,426 \r\n \r\n65,593,798 231,643 \r\n65,825,441 \r\n \r\n2007 \r\n \r\n2008 \r\n \r\n(227,196,067) (5,473,085) \r\n(11,706,561) (5,688,137) (19,277,491) (19,038,276) (13,858,124) (48,063,172) (13,467,461) (24,102,242) \r\n79,272 5,098,747 \r\n(1,031,588) \r\n(383,724,185) \r\n \r\n(273,252,407) (18,782,565) (26,070,232) (7,891,643) (15,554,771) (31,059,264) (2,377,104) (80,130,092) (36,718,870) (32,239,516) (8,023,207) 226,806 3,749,416 (1,788,213) - \r\n(529,911,661) \r\n \r\n2,398,942 2,398,942 \r\n(381,325,243) \r\n \r\n(7,454,737) (7,454,737) \r\n(537,366,398) \r\n \r\n2009 \r\n \r\n2010 \r\n \r\n(318,664,187) (15,848,107) (18,404,997) (6,321,372) (9,909,564) (20,550,187) (20,216,730) (69,944,826) (45,124,446) (31,118,464) 2,811,038 (3,707,098) 780,038 (2,295,941) - \r\n(558,514,843) \r\n \r\n(327,072,234) (22,833,841) (12,780,158) (6,989,315) (10,405,594) (21,398,201) (12,402,287) (74,230,177) (31,306,410) (38,582,641) 2,116,177 (3,350,291) 754,773 (2,022,585) - \r\n(560,502,784) \r\n \r\n1,487,864 1,487,864 \r\n(557,026,979) \r\n \r\n57,486 57,486 \r\n(560,445,298) \r\n \r\n2011 \r\n(240,665,044) (20,383,174) (17,168,638) (7,615,772) (9,460,979) (25,328,911) (13,812,293) (75,132,962) (22,163,186) (27,469,493) (865,957) (961) (2,258,183) - \r\n(462,325,554) \r\n128,089 128,089 \r\n(462,197,465) \r\n \r\n436,902,846 1,036,250 \r\n121,568,835 - \r\n13,315,151 15,129,339 \r\n3,129,377 (16,416,074) (1,981,811) 572,683,913 \r\n(9,535) 16,416,074 \r\n79,445 16,485,984 589,169,897 \r\n188,959,728 18,884,926 207,844,654 \r\n \r\n470,036,120 1,153,847 \r\n115,735,907 1,347,241 \r\n13,648,335 6,855,522 \r\n(9,400,000) \r\n599,376,972 \r\n9,400,000 \r\n9,400,000 608,776,972 \r\n69,465,311 1,945,263 71,410,574 \r\n \r\n479,629,504 1,262,460 \r\n108,957,224 4,328,538 6,419,960 \r\n15,296,550 528,432 - \r\n616,422,668 \r\n616,422,668 \r\n57,907,825 1,487,864 59,395,689 \r\n \r\n498,921,379 1,271,739 63,438,076 1,306,947 230,484 \r\n10,583,834 897,453 - \r\n576,649,912 \r\n8,202 - \r\n8,202 576,658,114 \r\n16,147,128 65,688 \r\n16,212,816 \r\n \r\n469,310,346 1,174,306 52,901,075 1,310,441 124,833 5,298,494 614,466 - \r\n530,733,961 \r\n17,068 - \r\n17,068 530,751,029 \r\n68,408,407 145,157 \r\n68,553,564 \r\n \r\n71 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM GOVERNMENTAL FUND BALANCES LAST TEN FISCAL YEARS Schedule 3 \r\n \r\nFiscal Year Ended June 30, \r\nPre-GASB 54 General Fund \r\nReserved Unreserved Total General Fund \r\nAll Other Governmental Funds Reserved Unreserved, reported in: \r\nCapital Project Funds Special Revenue Funds Total All Other Governmental Funds \r\nTotal \r\n \r\n2002 \r\n \r\n2003 \r\n \r\n2004 \r\n \r\n2005 \r\n \r\n2006 \r\n \r\n2007 \r\n \r\n2008 \r\n \r\n2009 \r\n \r\n2010 \r\n \r\n16,933,754 38,418,253 55,352,007 \r\n \r\n11,938,879 62,084,468 74,023,347 \r\n \r\n11,159,630 37,292,448 48,452,078 \r\n \r\n7,325,684 68,098,575 75,424,259 \r\n \r\n13,692,102 73,372,473 87,064,575 \r\n \r\n21,785,030 91,809,975 113,595,005 \r\n \r\n20,198,038 131,566,427 151,764,465 \r\n \r\n72,359,684 85,541,272 157,900,956 \r\n \r\n33,799,205 75,928,012 109,727,217 \r\n \r\n156,758,830 80,968,852 \r\n \r\n70,077 \r\n \r\n70,078 22,216,154 103,139,827 168,623,662 149,939,551 136,951,993 \r\n \r\n12,000,000 22,558,744 191,317,574 \r\n \r\n12,000,000 18,027,458 110,996,310 \r\n \r\n32,778,625 17,571,631 50,420,333 \r\n \r\n30,060,165 11,868,263 41,998,506 \r\n \r\n39,512,697 12,177,524 73,906,375 \r\n \r\n34,183,429 12,652,472 149,975,728 \r\n \r\n23,702,646 14,193,822 206,520,130 \r\n \r\n11,995,289 161,934,840 \r\n \r\n11,767,769 148,719,762 \r\n \r\n246,669,581 185,019,657 98,872,411 117,422,765 160,970,950 263,570,733 358,284,595 319,835,796 258,446,979 \r\n \r\nGASB 54 General Fund \r\nNonspendable Restricted Committed Assigned Unassigned Total General Fund \r\n \r\n2011 \r\n456,347 1,104,717 16,995,134 16,000,000 46,711,357 81,267,555 \r\n \r\nAll Other Governmental Funds Restricted Assigned \r\nTotal All Other Governmental Funds \r\n \r\n111,750,353 31,109,255 \r\n142,859,608 \r\n \r\nTotal \r\n \r\n224,127,163 \r\n \r\nSource: Note: \r\n \r\nAtlanta Independent School System Financial Report for previous years and fiscal year ended June 30, 2011. GASB Statement number 54 established a hierarchy of fund balance classifications based primarily on the extent to which governments are bound by constraints placed on resources. The effective date for implementation of GASB 54 was for periods beginning after June 15, 2010. Presentation for years 2002-2010 is pre GASB 54. Fiscal Year 2011 is when the standard was implemented. \r\n \r\n72 \r\n \r\n Fiscal Year Ended June 30, Revenues \r\nLocal Taxes Sales taxes income State revenues Federal revenues Investment income Facility rental fees Tuition charges Charges for services Other \r\nTotal Revenues \r\nExpenditures Current Expenditures Instruction Support Services: Pupil Services Improvement of instructional services Educational media General administration School administration Business administration Maintenance and operation of facilities Student transportation Central Support Other support services Nutrition Other Other Operations of Non-Instructional Services Capital Outlays Debt Service: Principal Interest and fiscal charges Bond issuance cost Advance Refunding Escrow \r\nTotal Expenditures \r\n \r\n2002 \r\n313,659,063 93,920,742 \r\n190,093,723 44,949,186 16,910,046 472,438 176,055 24,324,599 \r\n684,505,852 \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM CHANGES IN GOVERNMENTAL FUND BALANCES \r\nLAST TEN FISCAL YEARS Schedule 4 \r\n \r\n2003 \r\n346,768,390 79,256,916 177,702,841 57,560,015 11,616,090 \r\n436,094 30,800 - \r\n11,875,018 \r\n685,246,164 \r\n \r\n2004 \r\n365,523,133 85,604,946 \r\n152,497,189 63,594,376 1,995,307 709,320 45,748 9,545,822 \r\n679,515,841 \r\n \r\n2005 \r\n370,256,829 91,202,366 \r\n137,310,665 65,118,135 4,658,043 876,965 11,707 9,578,369 \r\n679,013,079 \r\n \r\n2006 \r\n369,492,043 115,953,787 141,640,201 \r\n66,535,863 7,319,327 \r\n949,298 243,698 904,128 15,066,259 \r\n718,104,604 \r\n \r\n2007 \r\n415,687,665 122,980,958 151,924,389 \r\n71,658,231 13,315,151 \r\n2,071,921 15,884,882 \r\n793,523,197 \r\n \r\n2008 \r\n471,313,094 106,562,802 163,747,188 \r\n71,651,548 13,648,335 \r\n1,604,301 114,350 \r\n3,749,416 13,512,915 \r\n845,903,950 \r\n \r\n2009 \r\n \r\n2010 \r\n \r\n507,895,487 103,765,261 129,106,908 \r\n70,336,278 6,419,960 1,246,236 \r\n140,047 767,348 23,817,861 \r\n843,495,386 \r\n \r\n493,825,791 95,443,229 \r\n110,942,787 82,463,268 410,218 995,042 90,084 754,773 22,081,274 \r\n807,006,466 \r\n \r\n2011 \r\n445,986,671 57,678,243 \r\n132,033,597 84,046,858 282,686 783,989 31,492 670,918 13,897,009 \r\n735,411,463 \r\n \r\n353,337,682 \r\n22,590,159 49,379,326 12,351,085 10,683,333 30,642,476 \r\n8,337,982 61,193,777 16,088,475 25,991,753 \r\n3,214,167 - \r\n681,496 - \r\n78,153,025 \r\n10,225,534 977,215 - \r\n37,991,609 \r\n721,839,094 \r\n \r\n387,299,503 \r\n21,612,774 32,991,181 \r\n7,601,608 13,026,341 35,456,730 \r\n6,452,828 62,044,973 14,295,463 26,264,962 \r\n8,582,226 - \r\n141,088,759 \r\n8,417,826 - \r\n765,135,174 \r\n \r\n405,869,137 \r\n21,853,555 21,181,874 \r\n6,738,907 13,504,910 24,230,800 \r\n5,482,136 61,539,367 13,022,959 30,515,657 \r\n526,684 - \r\n169,069,406 \r\n6,066,632 690,836 - \r\n780,292,860 \r\n \r\n395,383,620 \r\n23,972,046 20,071,788 7,080,214 9,832,227 23,525,692 6,795,841 48,442,054 12,815,478 26,393,782 \r\n220,262 - \r\n107,635,321 \r\n4,386,236 538,613 - \r\n687,093,174 \r\n \r\n358,003,139 \r\n28,296,328 31,811,061 11,128,439 15,066,526 35,579,029 12,959,536 59,941,395 19,331,040 26,567,407 \r\n796,364 48,270 78,371,573 \r\n2,700,668 403,266 - \r\n681,004,041 \r\n \r\n405,189,908 \r\n23,654,225 31,501,828 9,119,001 15,833,120 28,207,534 15,632,317 60,202,421 17,344,114 28,680,154 \r\n2,386,576 56,735,237 \r\n3,840,761 - \r\n698,327,196 \r\n \r\n373,703,960 \r\n33,795,599 38,823,821 10,507,784 17,134,640 32,147,765 23,625,597 84,456,521 37,822,559 29,586,277 \r\n983,284 49,014 \r\n7,974,781 67,911,787 \r\n2,387,590 1,788,213 \r\n- \r\n762,699,192 \r\n \r\n394,246,196 403,804,829 \r\n \r\n35,859,316 38,318,666 9,081,715 15,572,414 26,227,397 17,182,008 89,297,173 51,723,141 38,517,074 3,676,062 \r\n12,500 - \r\n151,389,516 \r\n \r\n36,234,070 39,447,284 8,145,710 13,763,790 27,509,235 15,934,176 90,301,296 36,256,980 47,399,446 \r\n3,274,650 139,770,104 \r\n \r\n6,800,416 2,295,941 \r\n- \r\n880,199,535 \r\n \r\n2,022,585 5,755,506 \r\n- \r\n869,619,661 \r\n \r\n373,889,853 \r\n38,474,947 49,820,431 \r\n9,446,870 14,320,518 32,841,337 16,837,414 96,145,841 26,016,620 36,238,019 \r\n4,323,494 15,657 - \r\n170,374,153 \r\n5,934,366 1,803,937 1,466,547 \r\n- \r\n877,950,004 \r\n \r\n73 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM CHANGES IN GOVERNMENTAL FUND BALANCES \r\nLAST TEN FISCAL YEARS Schedule 4 \r\n \r\nFiscal Year Ended June 30, \r\nExcess / (Deficiency) of Revenues over (under) Expenditures \r\nOther Financing Sources (Uses) Proceeds from Bonds Premium on bonds Proceeds from Capital Leases Proceeds from sale of capital assets Proceeds from Notes Transfers in Transfers out \r\nTotal Other Financing Sources/(Uses) \r\nExtraordinary Items \r\nNet Change in Fund Balances \r\nFund Balance at Beginning of Fiscal Year \r\nPrior Period Corrections Change in accounting practice FUND BALANCE AT END OF FISCAL YEAR \r\n \r\n2002 (37,333,242) \r\n \r\n2003 (79,889,010) \r\n \r\n2004 (100,777,019) \r\n \r\n2005 (8,080,095) \r\n \r\n2006 37,100,563 \r\n \r\n2007 95,196,001 \r\n \r\n2008 83,204,756 \r\n \r\n2009 \r\n \r\n2010 \r\n \r\n(36,704,149) (62,613,195) \r\n \r\n2011 (142,538,541) \r\n \r\n4,112,800 42,589,027 (42,589,027) 4,112,800 \r\n- \r\n(33,220,442) \r\n279,890,024 \r\n246,669,582 \r\n \r\n2,129,553 - \r\n3,814,304 - \r\n2,482,792 (2,482,792) 5,943,857 \r\n- \r\n(73,945,153) \r\n258,964,810 \r\n185,019,657 \r\n \r\n13,270,248 - \r\n2,952,010 - \r\n18,158,072 (19,750,557) 14,629,773 \r\n- \r\n(86,147,246) \r\n185,019,657 \r\n98,872,411 \r\n \r\n11,875,815 - \r\n18,128,500 (19,924,792) 10,079,523 \r\n- \r\n1,999,428 \r\n115,423,338 \r\n117,422,766 \r\n \r\n3,907,884 - \r\n3,131,798 40,000 \r\n19,874,172 (19,874,172) \r\n7,079,682 \r\n- \r\n44,180,245 \r\n116,292,413 \r\n498,296 - \r\n160,970,954 \r\n \r\n3,921,678 - \r\n2,638,066 3,169,238 10,115,000 27,635,695 (44,051,769) 3,427,908 \r\n(1,981,811) \r\n96,642,098 \r\n166,928,634 \r\n263,570,733 \r\n \r\n20,000,000 909,104 25,307,215 (34,707,215) \r\n11,509,104 \r\n \r\n932,980 34,055,410 (34,055,410) \r\n932,980 \r\n \r\n1,224,378 44,664,147 (44,664,147) \r\n1,224,378 \r\n \r\n- \r\n \r\n- \r\n \r\n- \r\n \r\n94,713,862 (35,771,169) (61,388,817) \r\n \r\n263,570,733 355,606,965 323,846,887 \r\n \r\n358,284,596 \r\n \r\n319,835,796 \r\n \r\n(4,011,091) 258,446,979 \r\n \r\n104,415,000 3,097,709 706,016 - \r\n10,974,126 (10,974,126) 108,218,725 \r\n- \r\n(34,319,816) \r\n258,446,979 \r\n224,127,163 \r\n \r\nFUND BALANCE AT END OF FISCAL YEAR Debt service as a percentage of noncapital expenditures \r\n \r\n246,669,582 6.92% \r\n \r\n185,019,657 1.11% \r\n \r\n98,872,411 0.87% \r\n \r\n117,422,766 0.72% \r\n \r\n160,970,954 0.46% \r\n \r\n263,570,733 0.60% \r\n \r\n358,284,596 319,835,796 258,446,979 \r\n \r\n0.60% \r\n \r\n1.26% \r\n \r\n1.08% \r\n \r\n224,127,163 1.30% \r\n \r\nSource: Atlanta Independent School System Financial Reports for previous years and fiscal year ended June 30, 2011. \r\n \r\nNotes: \r\n \r\nExtraordinary item in 2007 closing of two charter schools. Changes in Instruction support 2007 to 2008 due to proper allocation of salary and benefits in 2008. In fiscal year 2008 change in pension expenditure. Large fluctuations in expenditures due to reclasses within functions in FY2009-2011 . Decrease in Sales tax income between FY10 and FY11 was due in part to the adjustment for overpayement of Splost proceeds. \r\n \r\n74 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM GENERAL FUND EXPENDITURES BY FUNCTION \r\nLAST TEN FISCAL YEARS Schedule 5 \r\n \r\nFiscal Year \r\n \r\nInstruction 1 \r\n \r\nPupil Services \r\n \r\nSchool and Admin. Services \r\n \r\nBusiness Services 2 \r\n \r\nCapital Outlay \r\n \r\nOther 3 \r\n \r\nTotal \r\n \r\ntotal current expenditures % of change from prior year \r\n \r\ntotal capital outlay total expenditures \r\n \r\n% of change from % of change from \r\n \r\nprior year \r\n \r\nprior year \r\n \r\n2002 \r\n \r\n315,472,276 18,373,267 \r\n \r\n62,467,052 \r\n \r\n71,978,407 \r\n \r\n- \r\n \r\n41,681,449 \r\n \r\n509,972,451 \r\n \r\n3.15% \r\n \r\n0.00% \r\n \r\n3.60% \r\n \r\n2003 \r\n \r\n343,085,735 17,131,932 \r\n \r\n59,678,758 \r\n \r\n69,558,556 \r\n \r\n- \r\n \r\n27,740,683 \r\n \r\n517,195,664 \r\n \r\n4.52% \r\n \r\n0.00% \r\n \r\n1.42% \r\n \r\n2004 \r\n \r\n359,444,397 15,259,936 \r\n \r\n52,257,050 \r\n \r\n68,966,619 \r\n \r\n- \r\n \r\n37,341,209 \r\n \r\n533,269,211 \r\n \r\n1.32% \r\n \r\n0.00% \r\n \r\n3.11% \r\n \r\n2005 \r\n \r\n360,922,790 15,635,773 \r\n \r\n23,265,642 \r\n \r\n65,285,140 \r\n \r\n3,029,090 \r\n \r\n34,293,523 \r\n \r\n502,431,958 \r\n \r\n-6.21% \r\n \r\n100.00% \r\n \r\n-5.78% \r\n \r\n2006 \r\n \r\n328,733,992 20,886,301 \r\n \r\n42,964,459 \r\n \r\n85,768,267 \r\n \r\n- \r\n \r\n31,105,339 \r\n \r\n509,458,358 \r\n \r\n2.85% \r\n \r\n0.00% \r\n \r\n1.40% \r\n \r\n2007 \r\n \r\n371,030,700 10,491,218 \r\n \r\n34,463,418 \r\n \r\n87,064,138 \r\n \r\n2,638,066 \r\n \r\n31,071,989 \r\n \r\n536,759,529 \r\n \r\n5.16% \r\n \r\n100.00% \r\n \r\n5.36% \r\n \r\n2008 \r\n \r\n346,276,544 16,742,092 \r\n \r\n41,041,883 \r\n \r\n140,274,918 \r\n \r\n8,257,558 \r\n \r\n39,184,963 \r\n \r\n591,777,958 \r\n \r\n8.21% \r\n \r\n68.05% \r\n \r\n10.25% \r\n \r\n2009 \r\n \r\n385,984,855 20,045,172 \r\n \r\n36,636,052 \r\n \r\n133,410,584 \r\n \r\n- \r\n \r\n42,590,714 \r\n \r\n618,667,377 \r\n \r\n5.83% \r\n \r\n0.00% \r\n \r\n4.54% \r\n \r\n2010 2011 \r\n \r\n4 397,022,707 4 370,061,246 \r\n \r\n19,336,072 24,014,862 \r\n \r\n36,787,333 42,918,150 \r\n \r\n136,817,366 133,081,824 \r\n \r\n- \r\n \r\n40,770,273 \r\n \r\n630,733,751 \r\n \r\n- \r\n \r\n39,937,929 \r\n \r\n610,014,011 \r\n \r\n2.41% -3.37% \r\n \r\n0.00% 0.00% \r\n \r\n1.95% -3.29% \r\n \r\nSource: \r\n \r\nAtlanta Independent School System Financial Reports for previous years and fiscal year ended June 30, 2011. \r\n \r\nNotes: \r\n \r\n1 Instruction includes Improvement of Instructional Services and Educational Media. 2 Business Services includes Business Administration , Maintenance and Facilites and Student Transportation. 3 Other includes Central Support, Community Services, Other Operations, Principal and Interest. 4 Expenditures for Charter Schools were reclassed to Instruction in fiscal year 2010 and 2011. \r\n \r\n75 \r\n \r\n Fiscal Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 \r\nSource: \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM GENERAL FUND REVENUES BY SOURCE LAST TEN FISCAL YEARS Schedule 6 \r\n \r\nTaxes \r\n \r\nState Grants \r\n \r\nFederal Grants \r\n \r\n313,659,063 \r\n \r\n175,553,782 \r\n \r\n1,069,298 \r\n \r\n346,768,390 \r\n \r\n170,033,573 \r\n \r\n427,849 \r\n \r\n362,726,900 \r\n \r\n141,848,193 \r\n \r\n1,153,791 \r\n \r\n370,256,829 \r\n \r\n124,113,881 \r\n \r\n1,326,039 \r\n \r\n384,221,179 \r\n \r\n133,943,879 \r\n \r\n3,870,753 \r\n \r\n430,844,808 \r\n \r\n145,105,716 \r\n \r\n1,112,951 \r\n \r\n480,152,929 \r\n \r\n154,892,058 \r\n \r\n1,347,241 \r\n \r\n514,075,346 \r\n \r\n122,514,004 \r\n \r\n4,328,538 \r\n \r\n493,825,791 \r\n \r\n107,237,545 \r\n \r\n15,452,007 \r\n \r\n445,986,671 \r\n \r\n127,235,844 \r\n \r\n10,747,543 \r\n \r\nAtlanta Independent School System Financial Reports for previous years and fiscal year ended June 30, 2011. \r\n \r\nOther 20,302,508 14,822,888 \r\n8,086,373 13,084,964 15,437,607 19,069,158 17,353,301 16,548,410 \r\n9,262,323 7,841,900 \r\n \r\nTotal 510,584,651 532,052,700 513,815,257 508,781,713 537,473,418 596,132,633 653,745,529 657,466,298 625,777,666 591,811,958 \r\n \r\nLocal 61% 65% 71% 73% 71% 72% 73% 78% 79% 75% \r\n \r\n% of total \r\n \r\nState \r\n \r\nFederal \r\n \r\n34.38% \r\n \r\n0.21% \r\n \r\n31.96% \r\n \r\n0.08% \r\n \r\n27.61% \r\n \r\n0.22% \r\n \r\n24.39% \r\n \r\n0.26% \r\n \r\n24.92% \r\n \r\n0.72% \r\n \r\n24.34% \r\n \r\n0.19% \r\n \r\n23.69% \r\n \r\n0.21% \r\n \r\n18.63% \r\n \r\n0.66% \r\n \r\n17.14% \r\n \r\n2.47% \r\n \r\n21.50% \r\n \r\n1.82% \r\n \r\nOther 3.98% 2.79% 1.57% 2.57% 2.87% 3.20% 2.65% 2.52% 1.48% 1.33% \r\n \r\n76 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM ASSESSED AND ESTIMATED ACTUAL VALUE OF \r\nTAXABLE PROPERTY LAST TEN FISCAL YEARS \r\nSchedule 7 \r\n \r\nFiscal Year Ended 4 \r\n \r\nResidential Property \r\n \r\nCommercial Property \r\n \r\nIndustrial Property \r\n \r\nOther Property 1 \r\n \r\nLess Tax-Exempt \r\nProperty 2 \r\n \r\nTotal Taxable Assessed Value 3 \r\n \r\nDecember 31, 2002 \r\n \r\n8,567,121,679 \r\n \r\n6,901,913,667 \r\n \r\n366,881,480 \r\n \r\n1,662,085,635 \r\n \r\n188,994,248 \r\n \r\n17,309,008,213 \r\n \r\nDecember 31, 2003 \r\n \r\n9,578,478,978 \r\n \r\n7,104,858,403 \r\n \r\n323,814,720 \r\n \r\n1,590,030,109 \r\n \r\n160,151,146 \r\n \r\n18,437,031,064 \r\n \r\nDecember 31, 2004 \r\n \r\n10,282,698,452 \r\n \r\n7,433,699,007 \r\n \r\n308,725,135 \r\n \r\n1,626,457,946 \r\n \r\n1,732,722,383 \r\n \r\n17,918,858,157 \r\n \r\nDecember 31, 2005 \r\n \r\n10,842,205,309 \r\n \r\n7,255,025,020 \r\n \r\n618,322,584 \r\n \r\n1,590,005,363 \r\n \r\n186,756,118 \r\n \r\n20,118,802,158 \r\n \r\nJune 30, 2006 \r\n \r\n11,954,278,920 \r\n \r\n8,069,483,015 \r\n \r\n699,409,813 \r\n \r\n1,621,488,855 \r\n \r\n1,720,017,791 \r\n \r\n20,624,642,812 \r\n \r\nJune 30, 2007 \r\n \r\n13,202,618,136 \r\n \r\n9,744,120,546 \r\n \r\n776,908,905 \r\n \r\n1,595,456,173 \r\n \r\n1,887,341,520 \r\n \r\n23,431,762,240 \r\n \r\nJune 30, 2008 \r\n \r\n13,980,076,949 \r\n \r\n13,067,992,615 \r\n \r\n1,031,326,231 \r\n \r\n1,615,241,347 \r\n \r\n2,093,949,974 \r\n \r\n27,600,687,168 \r\n \r\nJune 30, 2009 \r\n \r\n13,872,372,979 \r\n \r\n11,249,746,299 \r\n \r\n890,877,231 \r\n \r\n1,720,999,874 \r\n \r\n1,910,282,501 \r\n \r\n25,823,713,882 \r\n \r\nJune 30, 2010 \r\n \r\n12,749,326,810 \r\n \r\n11,746,535,282 \r\n \r\n806,421,455 \r\n \r\n1,542,422,321 \r\n \r\n2,831,876,995 \r\n \r\n24,012,828,873 \r\n \r\nJune 30, 2011 \r\n \r\n11,506,413,986 \r\n \r\n11,148,297,009 \r\n \r\n758,400,890 \r\n \r\n1,528,992,043 \r\n \r\n2,880,803,214 \r\n \r\n22,061,300,714 \r\n \r\nSource: \r\n \r\nStatistical section of the City of Atlanta, Georgia Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2011. \r\n \r\nNotes: \r\n \r\n1 Other Property consist of Historical, Agricultural, Conservation, Utility, Motor Vehicle, Heavy Equipment, Timber, Motor Homes, etc. 2 Tax Exempt Property consist of Basic Homestead, Elderly, Disabled Veteran, Freeport, etc. 3 Assessed values are established by the Fulton \u0026 Dekalb Counties Board of Tax Assessors on January 1 of each year at 40% of the market value \r\nas required by State Law. 4 The City of Atlanta changed from a December 31 fiscal year to a June 30 fiscal year in 2006. \r\n \r\nTotal Direct Tax Rate 32.64% 32.08% 31.00% 30.09% 32.13% 31.61% 30.49% 30.49% 33.63% 33.63% \r\n \r\n77 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM PROPERTY TAX RATES - ALL OVERLAPPING GOVERNMENTS \r\n(Per $1,000 Assessed Value) LAST TEN FISCAL YEARS Schedule 8 \r\n \r\nFiscal Year Ended 4 \r\n \r\nCity Direct Rates \r\n \r\nGeneral Levy \r\n \r\nSchool Levy \r\n \r\nParks Levy \r\n \r\nCity Bond Levy \r\n \r\nSchool Bond Levy \r\n \r\nTotal Direct \r\nTax Rate 2 \r\n \r\nAtlanta/ Dekalb County Special \r\nTax District \r\n \r\nDowntown Improvement \r\nDistrict Special \r\nTax District 1 \r\n \r\nOverlapping Rates \r\n \r\nCounty Levy 3 \r\n \r\nFulton County, Georgia \r\n \r\nCounty \r\n \r\nGeorgia \r\n \r\nBond \r\n \r\nState \r\n \r\nLevy \r\n \r\nLevy \r\n \r\nDecember 31, 2002 \r\n \r\n9.02 \r\n \r\n21.67 \r\n \r\n0.50 \r\n \r\n1.34 \r\n \r\n0.11 \r\n \r\n32.64 \r\n \r\n1.30 \r\n \r\n2.50 \r\n \r\n12.53 (3) \r\n \r\n0.28 \r\n \r\n0.25 \r\n \r\nDecember 31, 2003 \r\n \r\n8.71 \r\n \r\n21.46 \r\n \r\n0.50 \r\n \r\n1.30 \r\n \r\n0.11 \r\n \r\n32.08 \r\n \r\n1.14 \r\n \r\n3.60 \r\n \r\n12.05 (3) \r\n \r\n0.27 \r\n \r\n0.25 \r\n \r\nDecember 31, 2004 \r\n \r\n8.25 \r\n \r\n20.87 \r\n \r\n0.50 \r\n \r\n1.27 \r\n \r\n0.11 \r\n \r\n31.00 \r\n \r\n1.05 \r\n \r\n4.20 \r\n \r\n11.59 (3) \r\n \r\n0.07 \r\n \r\n0.25 \r\n \r\nDecember 31, 2005 \r\n \r\n7.64 \r\n \r\n20.42 \r\n \r\n0.50 \r\n \r\n1.43 \r\n \r\n0.10 \r\n \r\n30.09 \r\n \r\n2.05 \r\n \r\n5.00 \r\n \r\n11.58 (3) \r\n \r\n0.06 \r\n \r\n0.25 \r\n \r\nJune 30, 2006 \r\n \r\n7.53 \r\n \r\n22.64 \r\n \r\n0.50 \r\n \r\n1.41 \r\n \r\n0.05 \r\n \r\n32.13 \r\n \r\n0.99 \r\n \r\n5.00 \r\n \r\n11.40 (3) \r\n \r\n0.06 \r\n \r\n0.25 \r\n \r\nJune 30, 2007 \r\n \r\n7.09 \r\n \r\n22.64 \r\n \r\n0.50 \r\n \r\n1.33 \r\n \r\n0.05 \r\n \r\n31.61 \r\n \r\n0.96 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.06 \r\n \r\n0.25 \r\n \r\nJune 30, 2008 \r\n \r\n7.12 \r\n \r\n21.64 \r\n \r\n0.50 \r\n \r\n1.18 \r\n \r\n0.05 \r\n \r\n30.49 \r\n \r\n0.83 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.60 \r\n \r\n0.25 \r\n \r\nJune 30, 2009 \r\n \r\n7.12 \r\n \r\n21.64 \r\n \r\n0.50 \r\n \r\n1.18 \r\n \r\n0.05 \r\n \r\n30.49 \r\n \r\n0.83 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.00 \r\n \r\n0.25 \r\n \r\nJune 30, 2010 \r\n \r\n10.24 \r\n \r\n21.64 \r\n \r\n0.50 \r\n \r\n1.20 \r\n \r\n0.05 \r\n \r\n33.63 \r\n \r\n1.00 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.00 \r\n \r\n0.25 \r\n \r\nJune 30, 2011 \r\n \r\n10.24 \r\n \r\n21.64 \r\n \r\n0.50 \r\n \r\n1.20 \r\n \r\n0.05 \r\n \r\n33.63 \r\n \r\n0.88 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.00 \r\n \r\n0.25 \r\n \r\nSource: \r\n \r\nStatistical section of the City of Atlanta, Georgia Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2011. \r\n \r\nTotal 13.06 12.57 11.91 11.89 11.72 10.58 10.59 10.53 10.53 10.53 \r\n \r\nNotes: \r\n \r\n1 Tax imposed by property owners in the district pursuant to state authorization. 2 Reduced by debt service payment of $3,052,000 by the Atlanta Board of Education using its existing resources. 3 Hospital levy included in County levy. 4 The City of Atlanta changed from a December 31 fiscal year to a June 30 fiscal year in 2006. \r\n \r\n78 \r\n \r\n Tax Payer \r\nDevelopment Authority of Fulton 2 Georgia Power Company Bell South Coca-Cola Company AT \u0026 T DELTA Airlines BF ATL, LLC Post Apartment Homes Sun Trust Plaza Association IEP PEEACHTREE, LLC \r\nTotal \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM PRINCIPAL PROPERTY TAXPAYERS \r\nJUNE 30, 2010 AND NINE YEARS AGO 1 Schedule 9 \r\n \r\n2010 \r\n \r\nType of Business \r\nGovernment Utility Service Communications Service Marketing and Manufacturing Communications Service Commercial Real Estate Commercial Real Estate Residential Real Estate Commercial Real Estate Commercial Real Estate \r\n \r\nTaxable Assessed Value 1 \r\n \r\n$ \r\n \r\n864,964,916 \r\n \r\n355,267,690 \r\n \r\n288,336,703 \r\n \r\n236,494,269 \r\n \r\n233,061,383 \r\n \r\n144,071,482 \r\n \r\n135,349,360 \r\n \r\n129,959,779 \r\n \r\n103,532,500 \r\n \r\n93,279,610 \r\n \r\n$ 2,584,317,692 \r\n \r\nRank \r\n1 2 3 4 5 6 7 8 9 10 \r\n \r\nPercentage of Total City Taxable Assessed Value \r\n4.10% 1.68% 1.37% 1.13% 1.10% 0.68% 0.64% 0.62% 0.49% 0.44% \r\n12.25% \r\n \r\nTax Payer \r\n \r\n2001 Type of Business \r\n \r\nTaxable Assessed Value \r\n \r\nRank \r\n \r\nPercentage of Total City Taxable Assessed Value \r\n \r\nBell South Coca-Cola Company Georgia Power Company Post Apartment Homes CSC Associates AT \u0026 T Georgia Pacific Company \r\nOne Ninety One Peachtree Association Overseas Partners Sumito Life Realty, Inc. \r\n \r\nCommunication Service Marketing and Manufacturing Utility Service Residential Real Estate Commercial Real Estate Communications Service Pulp and Paper Manufacturing \r\nCommercial Real Estate Commercial Real Estate Commercial Real Estate \r\n \r\n$ \r\n \r\n281,517,922 \r\n \r\n1 \r\n \r\n148,094,220 \r\n \r\n2 \r\n \r\n128,918,917 \r\n \r\n3 \r\n \r\n107,210,390 \r\n \r\n4 \r\n \r\n86,918,820 \r\n \r\n5 \r\n \r\n86,760,614 \r\n \r\n6 \r\n \r\n84,593,910 \r\n \r\n7 \r\n \r\n81,836,440 \r\n \r\n8 \r\n \r\n76,491,240 \r\n \r\n9 \r\n \r\n68,531,100 \r\n \r\n10 \r\n \r\n1.79% 0.94% 0.82% 0.68% 0.55% 0.55% 0.54% \r\n0.52% 0.49% 0.44% \r\n \r\nTotal \r\n \r\n$ 1,150,873,573 \r\n \r\n7.32% \r\n \r\nSources: Notes: \r\n \r\n2010 - Statistical section of the City of Atlanta, Georgia Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2011. 2001 - Statistical section of the City of Atlanta, Georgia Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2007. \r\n1. Information for FY2011 was not available. 2. Development Authority of Fulton does not pay taxes but does temporarily hold property for others who pay taxes. \r\n \r\n79 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM PROPERTY TAX LEVIES AND COLLECTIONS \r\nLAST TEN FISCAL YEARS Schedule 10 \r\n \r\nFiscal Year Ended 3 \r\n \r\nTaxes Levies \r\nfor the Fiscal Year \r\n \r\nCollected within the Fiscal \r\n \r\nYear of the Levy \r\n \r\nPercentage of \r\n \r\nAmount 1 \r\n \r\nLevy \r\n \r\nCollections in \r\nSubsequent Years \r\n \r\nTotal Collections To Date \r\n \r\nPercentage of \r\n \r\nAmount \r\n \r\nLevy \r\n \r\nDecember 31, 2002 \r\n \r\n173,920,120 \r\n \r\n158,225,729 \r\n \r\n90.98% \r\n \r\n15,105,557 \r\n \r\n173,331,286 \r\n \r\n99.66% \r\n \r\nDecember 31, 2003 \r\n \r\n178,909,014 \r\n \r\n166,815,658 \r\n \r\n93.24% \r\n \r\n11,462,115 2 \r\n \r\n178,277,773 \r\n \r\n99.65% \r\n \r\nDecember 31, 2004 \r\n \r\n180,733,587 \r\n \r\n170,502,285 \r\n \r\n94.34% \r\n \r\n9,752,408 2 \r\n \r\n180,254,693 \r\n \r\n99.74% \r\n \r\nDecember 31, 2005 \r\n \r\n178,703,068 \r\n \r\n160,301,279 \r\n \r\n89.70% \r\n \r\n17,909,963 2 \r\n \r\n178,211,242 \r\n \r\n99.72% \r\n \r\nJune 30, 2006 \r\n \r\n6,750,195 \r\n \r\n6,750,195 \r\n \r\n100.00% \r\n \r\n- \r\n \r\n6,750,195 \r\n \r\n100.00% \r\n \r\nJune 30, 2007 \r\n \r\n179,606,933 \r\n \r\n164,976,460 \r\n \r\n91.85% \r\n \r\n11,685,144 2 \r\n \r\n176,661,604 \r\n \r\n98.36% \r\n \r\nJune 30, 2008 \r\n \r\n182,020,745 \r\n \r\n173,030,142 \r\n \r\n95.06% \r\n \r\n6,494,066 \r\n \r\n179,527,207 \r\n \r\n98.63% \r\n \r\nJune 30, 2009 \r\n \r\n196,377,854 \r\n \r\n190,475,498 \r\n \r\n96.02% \r\n \r\n7,422,956 \r\n \r\n197,898,454 \r\n \r\n99.76% \r\n \r\nJune 30, 2010 \r\n \r\n264,371,198 \r\n \r\n257,062,077 \r\n \r\n97.24% \r\n \r\n- \r\n \r\n257,062,077 \r\n \r\n97.24% \r\n \r\nSource: \r\n \r\nJune 30, 2011 \r\n \r\n240,585,957 \r\n \r\n234,894,781 \r\n \r\n97.63% \r\n \r\n. \r\n \r\nStatistical section of the City of Atlanta, Georgia Comprehensive Annual Financial Report \r\n \r\nFor the Fiscal Year Ended June 30, 2011. \r\n \r\n344,043 \r\n \r\n235,238,824 \r\n \r\n97.78% \r\n \r\nNotes: 1 Does not include tax revenues retained by Fulton and DeKalb County for administrative expenditures, therefore the collection rate shown is slightly less than actual. \r\n2 Adjusted to collection in subsequent year. 3 The City of Atlanta changed from a December 31 fiscal year to a June 30 fiscal year in 2006. \r\n \r\n80 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM COMPARISON OF PROPERTY TAX MILLAGE RATES \r\nAS OF JUNE 30, 2011 Schedule 11 \r\n \r\nAtlanta Public Schools Clayton County Schools Cobb County Schools DeKalb County Schools Douglas County Schools Fulton County Schools Gwinnett County Schools Rockdale County Schools \r\n \r\nTOTAL RATE 21.69 20.00 18.90 22.90 24.10 17.50 20.55 21.00 \r\n \r\nMAINTENANCE AND \r\nOPERATION 21.64 20.00 18.90 22.90 20.00 17.15 19.25 21.00 \r\n \r\nDEBT SERVICE \r\n0.05 0.00 0.00 0.00 4.10 0.35 1.30 0.00 \r\n \r\nSources: Note: \r\n \r\nAtlanta Public School Board Docs , school approved budgets, county commisioners, and county online news. \r\nAll tax rates are per $1000 assessed valuation. \r\n \r\n81 \r\n \r\n Tax Year \r\n2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Sources: \r\n \r\nMaintenance and \r\nOperations \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM TAX MILLAGE RATES LAST TEN TAX YEARS Schedule 12 \r\n \r\nSinking Bond Fund \r\n \r\nTotal Levy \r\n \r\n21.67 \r\n \r\n0.11 \r\n \r\n21.784 \r\n \r\nDecrease of 0.276 mills \r\n \r\n21.46 \r\n \r\n0.11 \r\n \r\n21.569 \r\n \r\nDecrease of 0.215 mills \r\n \r\n20.42 \r\n \r\n0.10 \r\n \r\n20.524 \r\n \r\nDecrease of 1.05 mills \r\n \r\n20.42 \r\n \r\n0.10 \r\n \r\n20.524 \r\n \r\nNo change from 2004 \r\n \r\n22.64 \r\n \r\n0.054 \r\n \r\n22.694 \r\n \r\nIncrease of 2.17 mills \r\n \r\n22.64 \r\n \r\n0.054 \r\n \r\n22.694 \r\n \r\nNo change from 2006 \r\n \r\n21.64 \r\n \r\n0.054 \r\n \r\n21.694 \r\n \r\nDecrease of 1.000 mills \r\n \r\n21.64 \r\n \r\n0.054 \r\n \r\n21.694 \r\n \r\nNo change from 2008 \r\n \r\n21.64 \r\n \r\n0.054 \r\n \r\n21.694 \r\n \r\nNo change from 2009 \r\n \r\n21.64 \r\n \r\n0.054 \r\n \r\n21.694 \r\n \r\nNo change from 2010 \r\n \r\nAtlanta Public Schools June 2010 Tax Levy Board Resolutions for tax year 2011 Georgia Department of Revenue for tax years 2002-2010 \r\n \r\nComments \r\n \r\n82 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM RATIOS OF TOTAL DEBT OUTSTANDING BY TYPE ( UNAUDITED) \r\nGOVERNMENTAL ACTIVITIES FOR THE LAST TEN FISCAL YEARS \r\nSchedule 13 \r\n \r\nFiscal Year \r\n \r\nEducation Reform Intergovernmental \r\n \r\nEnded June 30, \r\n \r\nSuccess ( COPS) \r\n \r\nAgreement \r\n \r\n2002 (1) $ \r\n \r\n- \r\n \r\n$ \r\n \r\n- \r\n \r\n2003 (1) \r\n \r\n- \r\n \r\n- \r\n \r\n2004 (1) \r\n \r\n- \r\n \r\n- \r\n \r\n2005 (1) \r\n \r\n- \r\n \r\n- \r\n \r\n2006 \r\n \r\n- \r\n \r\n18,697,134 \r\n \r\n2007 \r\n \r\n10,115,000 \r\n \r\n22,112,675 \r\n \r\n2008 \r\n \r\n10,115,000 \r\n \r\n21,385,800 \r\n \r\n2009 \r\n \r\n9,565,000 \r\n \r\n20,488,750 \r\n \r\n2010 \r\n \r\n8,995,000 \r\n \r\n19,461,875 \r\n \r\n2011 \r\n \r\n115,912,709 \r\n \r\n18,439,000 \r\n \r\nCapital Leases $ 18,966,937 14,363,415 11,248,793 6,862,557 4,219,951 5,159,414 23,618,868 18,255,388 13,998,496 9,682,005 \r\n \r\nTotal Debt (2) $ 18,966,937 14,363,415 11,248,793 6,862,557 22,917,085 37,387,089 55,119,668 48,309,138 42,455,371 144,033,714 \r\n \r\nEstimated Actual Value of Taxable \r\nProperty (3) 17,309,008,213 18,437,031,064 17,918,858,157 20,118,802,158 20,624,642,812 23,431,762,240 27,600,687,168 25,823,713,882 24,012,828,873 22,061,300,714 \r\n \r\nRatio of Total Debt to Est. Actual Value \r\n0.11% 0.08% 0.06% 0.03% 0.11% 0.16% 0.20% 0.19% 0.18% 0.65% \r\n \r\nPersonal Income (4) 149,831,000 153,070,000 162,297,000 173,159,000 184,186,000 184,186,000 196,683,000 198,580,000 206,462,000 203,137,000 \r\n \r\nRatio of Total Debt to Personal \r\nIncome 12.66% 9.38% 6.93% 3.96% 12.44% 20.30% 28.02% 24.33% 20.56% 70.90% \r\n \r\nSource: Atlanta Independent School System Financial Reports for previous years and fiscal year ended June 30, 2011. \r\n \r\nNotes: \r\n \r\n1 The City of Atlanta changed from a December 31 fiscal year to a June 30 fiscal year in 2006. 2 See the schedule of Long Term Debt in the Notes for each year for more information on the debt. 3 See schedule 7 - Assessed and Estimated Actual Value of Taxable Property . 4 See schedule 15 - Demographics Statistics. \r\n \r\n83 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM SCHOOL BUILDINGS, ACREAGE AND CAPACITY \r\nJUNE 30, 2011 Schedule 14 \r\n \r\nSchool Acreage, Square Footage, Planning Capacity, Area per Student, Effective Age \r\n \r\nElementary Schools \r\n \r\nAcres \r\n \r\nSq.Ft. \r\n \r\nPlanning Capacity \r\n \r\nSF per Student \r\n \r\nOriginal Construction \r\n \r\nRenovation \r\n \r\nActual Age Effective Age Effective Age (2010 basis) Basis (2010 basis) \r\n \r\n1 Adamsville 2 Beecher Hills 3 Benteen 4 Bethune 5 Bolton Academy 6 Boyd 7 Brandon 8 Brandon Primary 9 Burgess-Peterson 10 Capitol View 11 Cascade 12 Centennial Place 13 Connally 14 Cleveland 15 Continental Colony 16 Cook 17 Deerwood Academy 18 Dobbs 19 Dunbar 20 East Lake 21 Fain 22 Fickett 23 Finch 24 Garden Hills 25 Gideons 26 Grove Park 27 Heritage Academy 28 Herndon 29 Hope 30 Humphries 31 Hutchinson 32 Jackson 33 Jackson Primary 34 Jones, M. A. 35 Kimberly 36 Lin, Mary 37 Miles 38 Morningside 39 Parkside 40 Perkerson 41 Peyton Forest 42 Rivers 43 Scott 44 Slater 45 Smith, Sarah 46 Smith Intermediate 47 Springdale Park \r\n \r\n4.9 84,961 \r\n \r\n540 \r\n \r\n157 1970 \r\n \r\n2001 \r\n \r\n40 \r\n \r\n2001 \r\n \r\n9 \r\n \r\n9.5 43,791 \r\n \r\n378 \r\n \r\n116 1959 \r\n \r\n1999 \r\n \r\n51 \r\n \r\n1999 \r\n \r\n11 \r\n \r\n4.0 68,440 \r\n \r\n432 \r\n \r\n158 1957 \r\n \r\n2000 \r\n \r\n53 \r\n \r\n2000 \r\n \r\n10 \r\n \r\n4.5 70,151 \r\n \r\n594 \r\n \r\n118 1949 \r\n \r\n1999 \r\n \r\n61 \r\n \r\n1999 \r\n \r\n11 \r\n \r\n4.0 83,286 \r\n \r\n648 \r\n \r\n129 2003 \r\n \r\n7 \r\n \r\n2003 \r\n \r\n7 \r\n \r\n19.7 72,313 \r\n \r\n414 \r\n \r\n175 1971 \r\n \r\n39 \r\n \r\n1971 \r\n \r\n39 \r\n \r\n10.0 86,138 \r\n \r\n630 \r\n \r\n137 1947 \r\n \r\n1994 \r\n \r\n63 \r\n \r\n1994 \r\n \r\n16 \r\n \r\n9.8 57,112 \r\n \r\n450 \r\n \r\n127 1954 \r\n \r\n2009 \r\n \r\n56 \r\n \r\n2009 \r\n \r\n1 \r\n \r\n8.3 85,518 \r\n \r\n612 \r\n \r\n140 2004 \r\n \r\n6 \r\n \r\n2004 \r\n \r\n6 \r\n \r\n4.0 47,831 \r\n \r\n414 \r\n \r\n116 1929 \r\n \r\n2004 \r\n \r\n81 \r\n \r\n2004 \r\n \r\n6 \r\n \r\n10.0 70,286 \r\n \r\n450 \r\n \r\n156 1995 \r\n \r\n15 \r\n \r\n1995 \r\n \r\n15 \r\n \r\n5.0 63,850 \r\n \r\n468 \r\n \r\n136 1998 \r\n \r\n12 \r\n \r\n1998 \r\n \r\n12 \r\n \r\n3.7 90,440 \r\n \r\n720 \r\n \r\n126 1975 \r\n \r\n2000 \r\n \r\n35 \r\n \r\n2000 \r\n \r\n10 \r\n \r\n4.8 67,513 \r\n \r\n486 \r\n \r\n139 1996 \r\n \r\n14 \r\n \r\n1996 \r\n \r\n14 \r\n \r\n8.7 81,360 \r\n \r\n558 \r\n \r\n146 1963 \r\n \r\n1994 \r\n \r\n47 \r\n \r\n1994 \r\n \r\n16 \r\n \r\n2.6 85,856 \r\n \r\n522 \r\n \r\n164 2000 \r\n \r\n10 \r\n \r\n2000 \r\n \r\n10 \r\n \r\n21.0 82,261 \r\n \r\n648 \r\n \r\n127 2004 \r\n \r\n6 \r\n \r\n2004 \r\n \r\n6 \r\n \r\n19.6 86,300 \r\n \r\n648 \r\n \r\n133 2003 \r\n \r\n7 \r\n \r\n2003 \r\n \r\n7 \r\n \r\n5.3 92,496 \r\n \r\n360 \r\n \r\n257 1969 \r\n \r\n2009 \r\n \r\n41 \r\n \r\n2009 \r\n \r\n1 \r\n \r\n2.7 79,378 \r\n \r\n414 \r\n \r\n192 1949 \r\n \r\n1994 \r\n \r\n61 \r\n \r\n1994 \r\n \r\n16 \r\n \r\n8.0 65,000 \r\n \r\n504 \r\n \r\n129 1987 \r\n \r\n23 \r\n \r\n1987 \r\n \r\n23 \r\n \r\n12.0 78,341 \r\n \r\n702 \r\n \r\n112 1972 \r\n \r\n1994 \r\n \r\n38 \r\n \r\n1994 \r\n \r\n16 \r\n \r\n3.8 94,423 \r\n \r\n684 \r\n \r\n138 2005 \r\n \r\n5 \r\n \r\n2005 \r\n \r\n5 \r\n \r\n8.0 80,566 \r\n \r\n558 \r\n \r\n144 1938 \r\n \r\n2003 \r\n \r\n72 \r\n \r\n2003 \r\n \r\n7 \r\n \r\n4.5 75,323 \r\n \r\n594 \r\n \r\n127 1958 \r\n \r\n2000 \r\n \r\n52 \r\n \r\n2000 \r\n \r\n10 \r\n \r\n7.0 83,808 \r\n \r\n522 \r\n \r\n161 1967 \r\n \r\n2000 \r\n \r\n43 \r\n \r\n2000 \r\n \r\n10 \r\n \r\n7.0 80,997 \r\n \r\n612 \r\n \r\n132 2002 \r\n \r\n8 \r\n \r\n2002 \r\n \r\n8 \r\n \r\n6.5 85,046 \r\n \r\n576 \r\n \r\n148 2002 \r\n \r\n8 \r\n \r\n2002 \r\n \r\n8 \r\n \r\n2.4 57,369 \r\n \r\n504 \r\n \r\n114 2002 \r\n \r\n8 \r\n \r\n2002 \r\n \r\n8 \r\n \r\n8.2 65,274 \r\n \r\n468 \r\n \r\n139 1940 \r\n \r\n1998 \r\n \r\n70 \r\n \r\n1998 \r\n \r\n12 \r\n \r\n8.5 67,953 \r\n \r\n594 \r\n \r\n114 1956 \r\n \r\n1994 \r\n \r\n54 \r\n \r\n1994 \r\n \r\n16 \r\n \r\n12.5 97,041 \r\n \r\n612 \r\n \r\n159 1967 \r\n \r\n1994 \r\n \r\n43 \r\n \r\n1994 \r\n \r\n16 \r\n \r\n7.2 48,666 \r\n \r\n360 \r\n \r\n135 1959 \r\n \r\n2008 \r\n \r\n51 \r\n \r\n2008 \r\n \r\n2 \r\n \r\n7.5 90,848 \r\n \r\n630 \r\n \r\n144 2005 \r\n \r\n5 \r\n \r\n2005 \r\n \r\n5 \r\n \r\n7.2 73,316 \r\n \r\n594 \r\n \r\n123 1958 \r\n \r\n1999 \r\n \r\n52 \r\n \r\n1999 \r\n \r\n11 \r\n \r\n2.3 56,942 \r\n \r\n432 \r\n \r\n132 1930 \r\n \r\n1994 \r\n \r\n80 \r\n \r\n1994 \r\n \r\n16 \r\n \r\n15.0 82,014 \r\n \r\n648 \r\n \r\n127 2003 \r\n \r\n7 \r\n \r\n2003 \r\n \r\n7 \r\n \r\n5.2 105,847 \r\n \r\n648 \r\n \r\n163 1930 \r\n \r\n1994 \r\n \r\n80 \r\n \r\n1994 \r\n \r\n16 \r\n \r\n8.3 78,671 \r\n \r\n558 \r\n \r\n141 2001 \r\n \r\n9 \r\n \r\n2001 \r\n \r\n9 \r\n \r\n9.0 79,517 \r\n \r\n504 \r\n \r\n158 1994 \r\n \r\n16 \r\n \r\n1994 \r\n \r\n16 \r\n \r\n25.0 66,236 \r\n \r\n450 \r\n \r\n147 1968 \r\n \r\n1999 \r\n \r\n42 \r\n \r\n1999 \r\n \r\n11 \r\n \r\n8.0 81,721 \r\n \r\n432 \r\n \r\n189 1950 \r\n \r\n1999 \r\n \r\n60 \r\n \r\n1999 \r\n \r\n11 \r\n \r\n8.0 77,536 \r\n \r\n576 \r\n \r\n135 1951 \r\n \r\n2002 \r\n \r\n59 \r\n \r\n2002 \r\n \r\n8 \r\n \r\n13.0 79,342 \r\n \r\n576 \r\n \r\n138 1952 \r\n \r\n2002 \r\n \r\n58 \r\n \r\n2002 \r\n \r\n8 \r\n \r\n10.3 66,582 \r\n \r\n540 \r\n \r\n123 1952 \r\n \r\n1994 \r\n \r\n58 \r\n \r\n1994 \r\n \r\n16 \r\n \r\n6.2 73,394 \r\n \r\n396 \r\n \r\n185 2009 \r\n \r\n1 \r\n \r\n2009 \r\n \r\n1 \r\n \r\n4.5 63,650 \r\n \r\n450 \r\n \r\n141 2009 \r\n \r\n1 \r\n \r\n2009 \r\n \r\n1 \r\n \r\n84 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM SCHOOL BUILDINGS, ACREAGE AND CAPACITY \r\nJUNE 30, 2011 Schedule 14 \r\n \r\nSchool Acreage, Square Footage, Planning Capacity, Area per Student, Effective Age \r\n \r\nElementary Schools \r\n \r\nAcres \r\n \r\nSq.Ft. \r\n \r\nPlanning SF per \r\n \r\nOriginal Renovation Actual Age Effective Age Effective Age \r\n \r\nCapacity Student Construction \r\n \r\n(2010 basis) \r\n \r\nBasis \r\n \r\n(2010 basis) \r\n \r\n48 Stanton, D. H. 49 Stanton, F. L. 50 Thomasville Heights 51 Toomer 52 Towns 53 Usher 54 Venetian Hills 55 West Manor 56 White 57 Whitefoord 58 Woodson \r\n \r\n6.0 71,480 \r\n \r\n594 \r\n \r\n120 1959 \r\n \r\n2000 \r\n \r\n51 \r\n \r\n2000 \r\n \r\n10 \r\n \r\n5.2 62,930 \r\n \r\n306 \r\n \r\n206 1928 \r\n \r\n2000 \r\n \r\n82 \r\n \r\n2000 \r\n \r\n10 \r\n \r\n11.2 89,475 \r\n \r\n738 \r\n \r\n121 1971 \r\n \r\n2001 \r\n \r\n39 \r\n \r\n2001 \r\n \r\n9 \r\n \r\n10.6 66,593 \r\n \r\n504 \r\n \r\n132 1967 \r\n \r\n1998 \r\n \r\n43 \r\n \r\n1998 \r\n \r\n12 \r\n \r\n8.9 68,766 \r\n \r\n522 \r\n \r\n132 1963 \r\n \r\n2000 \r\n \r\n47 \r\n \r\n2000 \r\n \r\n10 \r\n \r\n14.0 90,570 \r\n \r\n648 \r\n \r\n140 1969 \r\n \r\n2003 \r\n \r\n41 \r\n \r\n2003 \r\n \r\n7 \r\n \r\n9.3 60,313 \r\n \r\n432 \r\n \r\n140 1954 \r\n \r\n1994 \r\n \r\n56 \r\n \r\n1994 \r\n \r\n16 \r\n \r\n10.8 42,474 \r\n \r\n288 \r\n \r\n147 1956 \r\n \r\n2000 \r\n \r\n54 \r\n \r\n2000 \r\n \r\n10 \r\n \r\n8.0 63,603 \r\n \r\n576 \r\n \r\n110 1964 \r\n \r\n1999 \r\n \r\n46 \r\n \r\n1999 \r\n \r\n11 \r\n \r\n2.3 62,712 \r\n \r\n468 \r\n \r\n134 1928 \r\n \r\n1994 \r\n \r\n82 \r\n \r\n1994 \r\n \r\n16 \r\n \r\n4.1 86,596 \r\n \r\n486 \r\n \r\n178 1971 \r\n \r\n1998 \r\n \r\n39 \r\n \r\n1998 \r\n \r\n12 \r\n \r\nElementary School Totals \r\n \r\n477.5 4,320,216 \r\n \r\n30,672 \r\n \r\n143 1971 \r\n \r\n39 \r\n \r\n1999 \r\n \r\n11 \r\n \r\nMiddle Schools \r\n1 Brown 2 Bunche 3 Coan 4 Harper-Archer 5 Inman 6 Kennedy 7 King M.L. 8 Long 9 Parks 10 Price 11 Sutton 12 Sylvan 13 Turner 14 Young \r\nMiddle School Totals \r\n \r\nAcres \r\n \r\nSq.Ft. \r\n \r\nPlanning SF per \r\n \r\nOriginal Renovation Actual Age Effective Age Effective Age \r\n \r\nCapacity Student Construction \r\n \r\n(2010 basis) \r\n \r\nBasis \r\n \r\n(2010 basis) \r\n \r\n15.6 139,918 \r\n \r\n1,014 \r\n \r\n138 1928 \r\n \r\n2001 \r\n \r\n82 \r\n \r\n2001 \r\n \r\n9 \r\n \r\n42.3 114,500 \r\n \r\n884 \r\n \r\n130 1979 \r\n \r\n2001 \r\n \r\n31 \r\n \r\n2001 \r\n \r\n9 \r\n \r\n16.1 166,269 \r\n \r\n1,066 \r\n \r\n156 1967 \r\n \r\n2003 \r\n \r\n43 \r\n \r\n2003 \r\n \r\n7 \r\n \r\n18.1 206,374 \r\n \r\n1,144 \r\n \r\n180 1963 \r\n \r\n2002 \r\n \r\n47 \r\n \r\n2002 \r\n \r\n8 \r\n \r\n4.2 134,042 \r\n \r\n780 \r\n \r\n172 1923 \r\n \r\n2005 \r\n \r\n87 \r\n \r\n2005 \r\n \r\n5 \r\n \r\n5.0 228,028 \r\n \r\n1,092 \r\n \r\n209 1970 \r\n \r\n2004 \r\n \r\n40 \r\n \r\n2004 \r\n \r\n6 \r\n \r\n6.5 192,300 \r\n \r\n1,040 \r\n \r\n185 1973 \r\n \r\n2003 \r\n \r\n37 \r\n \r\n2003 \r\n \r\n7 \r\n \r\n15.6 141,210 \r\n \r\n936 \r\n \r\n151 1958 \r\n \r\n2006 \r\n \r\n52 \r\n \r\n2006 \r\n \r\n4 \r\n \r\n5.8 79,440 \r\n \r\n546 \r\n \r\n145 1966 \r\n \r\n1996 \r\n \r\n44 \r\n \r\n1996 \r\n \r\n14 \r\n \r\n19.0 152,791 \r\n \r\n1,014 \r\n \r\n151 1954 \r\n \r\n2002 \r\n \r\n56 \r\n \r\n2002 \r\n \r\n8 \r\n \r\n12.5 144,737 \r\n \r\n1,040 \r\n \r\n139 1960 \r\n \r\n2006 \r\n \r\n50 \r\n \r\n2006 \r\n \r\n4 \r\n \r\n13.0 114,788 \r\n \r\n780 \r\n \r\n147 1949 \r\n \r\n61 \r\n \r\n1949 \r\n \r\n61 \r\n \r\n9.5 122,279 \r\n \r\n832 \r\n \r\n147 1950 \r\n \r\n1999 \r\n \r\n60 \r\n \r\n1999 \r\n \r\n11 \r\n \r\n15.0 158,377 \r\n \r\n1,014 \r\n \r\n156 1951 \r\n \r\n2009 \r\n \r\n59 \r\n \r\n2009 \r\n \r\n1 \r\n \r\n198.2 2,095,053 \r\n \r\n13,182 \r\n \r\n158 1957 \r\n \r\n54 \r\n \r\n1999 \r\n \r\n11 \r\n \r\nHigh Schools \r\n1 BEST 2 Carver 3 Crim 4 Douglass 5 Forrest Hill 6 Grady 7 Jackson, Maynard 8 King, C.S. 9 Mays 10 North Atlanta 11 South Atlanta 12 Therrell 13 Washington \r\nHigh School Totals \r\n \r\nAcres \r\n \r\nSq.Ft. \r\n \r\nPlanning Capacity \r\n \r\nSF per Student \r\n \r\nOriginal Construction \r\n \r\nRenovation \r\n \r\nActual Age Effective Age Effective Age \r\n \r\n(2010 basis) \r\n \r\nBasis \r\n \r\n(2010 basis) \r\n \r\n15.1 233,421 \r\n \r\n1,400 \r\n \r\n167 2009 \r\n \r\n1 \r\n \r\n2009 \r\n \r\n1 \r\n \r\n35.4 261,460 \r\n \r\n1,586 \r\n \r\n165 1920 \r\n \r\n2005 \r\n \r\n90 \r\n \r\n2005 \r\n \r\n5 \r\n \r\n17.9 190,624 \r\n \r\n1,014 \r\n \r\n188 1940 \r\n \r\n2007 \r\n \r\n70 \r\n \r\n2007 \r\n \r\n3 \r\n \r\n32.0 291,912 \r\n \r\n2,028 \r\n \r\n144 1968 \r\n \r\n2004 \r\n \r\n42 \r\n \r\n2004 \r\n \r\n6 \r\n \r\n5.8 68,756 \r\n \r\n650 \r\n \r\n106 2008 \r\n \r\n2 \r\n \r\n2008 \r\n \r\n2 \r\n \r\n19.5 211,888 \r\n \r\n1,326 \r\n \r\n160 1924 \r\n \r\n2005 \r\n \r\n86 \r\n \r\n2005 \r\n \r\n5 \r\n \r\n25.0 249,872 \r\n \r\n1,508 \r\n \r\n166 1985 \r\n \r\n25 \r\n \r\n1985 \r\n \r\n25 \r\n \r\n27.2 232,321 \r\n \r\n1,400 \r\n \r\n166 2009 \r\n \r\n1 \r\n \r\n2009 \r\n \r\n1 \r\n \r\n70.4 310,369 \r\n \r\n1,664 \r\n \r\n187 1981 \r\n \r\n29 \r\n \r\n1981 \r\n \r\n29 \r\n \r\n17.5 278,470 \r\n \r\n1,560 \r\n \r\n179 1951 \r\n \r\n1994 \r\n \r\n59 \r\n \r\n1994 \r\n \r\n16 \r\n \r\n50.2 258,840 \r\n \r\n1,404 \r\n \r\n184 1973 \r\n \r\n2008 \r\n \r\n37 \r\n \r\n2008 \r\n \r\n2 \r\n \r\n35.2 229,326 \r\n \r\n1,430 \r\n \r\n160 1960 \r\n \r\n50 \r\n \r\n1960 \r\n \r\n50 \r\n \r\n21.1 252,182 \r\n \r\n1,664 \r\n \r\n152 1924 \r\n \r\n2005 \r\n \r\n86 \r\n \r\n2005 \r\n \r\n5 \r\n \r\n372.3 3,069,441 \r\n \r\n18,634 \r\n \r\n163 1966 \r\n \r\n44 \r\n \r\n1998 \r\n \r\n12 \r\n \r\n85 \r\n \r\n Fiscal Year \r\nEnded 1 \r\nDecember 31, 2002 December 31, 2003 December 31, 2004 Decemver 31, 2005 \r\nJune 30, 2006 June 30, 2007 June 30, 2008 June 30, 2009 June 30, 2010 June 30, 2011 \r\n \r\nPopulation 428,100 432,900 434,900 442,100 451,600 451,600 461,956 477,300 480,700 420,003 \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM DEMOGRAPHIC STATISTICS LAST TEN FISCAL YEARS Schedule 15 \r\n \r\nPersonal Income (thousands of dollars) \r\n \r\nPer Capita Personal Income \r\n \r\nMedian Age \r\n \r\n149,831 \r\n \r\n32,925 \r\n \r\n32.3 \r\n \r\n153,070 \r\n \r\n32,739 \r\n \r\n34.0 \r\n \r\n162,297 \r\n \r\n33,838 \r\n \r\n33.8 \r\n \r\n173,159 \r\n \r\n34,825 \r\n \r\n34.7 \r\n \r\n184,186 \r\n \r\n35,846 \r\n \r\n34.7 \r\n \r\n184,186 \r\n \r\n35,846 \r\n \r\n34.7 \r\n \r\n196,683 \r\n \r\n36,309 \r\n \r\n32.0 \r\n \r\n198,580 \r\n \r\n37,744 \r\n \r\n35.0 \r\n \r\n206,462 \r\n \r\n38,336 \r\n \r\n35.0 \r\n \r\n203,137 \r\n \r\n37,101 \r\n \r\n34.0 \r\n \r\nSources: 1 StaCtisityicaolf sAetcltaionntao, fGtehoerCgiiatyCoofmAptlraenhtean,sGiveeoArgninau2a0l 1F1inCaonmciaplreRheepnosrivt e Annual Financial Report For the Fiscal Year Ended June 30, 2011. \r\nNote: 1 The City of Atlanta changed from a December 31 fiscal year to a June 30 fiscal year in 2006. \r\n \r\nSchool Enrollment \r\n55,640 53,485 51,358 50,188 49,924 49,707 51,377 48,093 48,696 49,874 \r\n \r\nUnemployment Rate 7.9% 7.7% 7.4% 5.9% 5.3% 4.5% 5.9% 10.3% 10.0% 10.5% \r\n \r\n86 \r\n \r\n Employer \r\nAllied Barton Security Services International Business Machine Corp. The Coco-Cola Company Turner Broadcasting System, Inc. Cable News Network, Inc. Air Service Corp Accenture LLP AT \u0026 T Services Inc. Georgia-Pacific Corporation Tenet Health System, Inc. \r\nTotal \r\nEmployer \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM PRINCIPAL EMPLOYERS \r\nJUNE 30, 2011 AND NINE YEARS AGO Schedule 16 \r\n \r\nType Of Business \r\n \r\n2011 Employees \r\n \r\nSecurity Services Technology Services Marketing and Manufacturing Media/Entertainment Media Transportation Consulting Telecommunication Pulp and Paper Manufacturing Healthcare \r\n \r\n4,205 3,769 3,608 2,000 1,889 1,665 1,555 1,247 1,170 1,164 \r\n22,272 \r\n \r\nType Of Business \r\n \r\n2002 Employees \r\n \r\nPercentage of Total City Employment \r\n2.24% 2.01% 1.92% 1.07% 1.01% 0.89% 0.83% 0.67% 0.62% 0.62% \r\n11.88% \r\nPercentage of Total City Employment \r\n \r\nInternational Business Machine Corp. Georgia-Pacific Corporation Efficiency Plus Consultants The Coco-Cola Company Cable News Network, Inc. Atlanta Journal and Constitution Tenet Health System, Inc. Turner Entertainment Networks \r\nAtlanta Marriott Marquis Hotel Turner Broadcasting System, Inc. \r\nTotal \r\n \r\nTechnology Services Pulp and Paper Manufacturing Consulting Marketing and Manufacturing Media Media Healthcare Entertainment \r\nHospitality Media/Entertainment \r\n \r\n3,851 3,245 3,200 3,181 2,055 1,423 1,336 1,019 \r\n1,000 943 \r\n21,253 \r\n \r\n1.99% 1.68% 1.65% 1.64% 1.06% 0.73% 0.69% 0.53% \r\n0.52% 0.49% \r\n10.98% \r\n \r\nSource: Statistical section of the City of Atlanta, Georgia 2011 Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2011. \r\n87 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM GENERAL FUND PER PUPIL COST LAST TEN FISCAL YEARS Schedule 17 \r\n \r\nFiscal Year \r\n \r\nExpenditures 1 \r\n \r\nActive Enrollment 2 \r\n \r\nCost Per Pupil \r\nEnrolled \r\n \r\nAverage \r\nDaily Attendance 3 \r\n \r\nCost Per Pupil \r\nAttended \r\n \r\n2002 \r\n \r\n509,972 \r\n \r\n56,586 \r\n \r\n9,012 \r\n \r\n54,961 \r\n \r\n9,279 \r\n \r\n2003 \r\n \r\n517,196 \r\n \r\n54,946 \r\n \r\n9,413 \r\n \r\n52,398 \r\n \r\n9,871 \r\n \r\n2004 \r\n \r\n533,269 \r\n \r\n52,103 \r\n \r\n10,235 \r\n \r\n49,565 \r\n \r\n10,759 \r\n \r\n2005 \r\n \r\n502,432 \r\n \r\n51,377 \r\n \r\n9,779 \r\n \r\n49,138 \r\n \r\n10,225 \r\n \r\n2006 \r\n \r\n509,458 \r\n \r\n50,631 \r\n \r\n10,062 \r\n \r\n44,534 \r\n \r\n11,440 \r\n \r\n2007 \r\n \r\n536,734 \r\n \r\n50,631 \r\n \r\n10,601 \r\n \r\n48,720 \r\n \r\n11,017 \r\n \r\n2008 \r\n \r\n591,778 \r\n \r\n49,991 \r\n \r\n11,838 \r\n \r\n44,935 \r\n \r\n13,170 \r\n \r\n2009 \r\n \r\n618,667 \r\n \r\n49,032 \r\n \r\n12,618 \r\n \r\n51,449 \r\n \r\n12,025 \r\n \r\n2010 \r\n \r\n630,734 \r\n \r\n48,909 \r\n \r\n12,896 \r\n \r\n52,368 \r\n \r\n12,044 \r\n \r\n2011 \r\n \r\n610,014 \r\n \r\n49,796 \r\n \r\n12,250 \r\n \r\n52,925 \r\n \r\n11,526 \r\n \r\nSources: 1 Atlanta Independent School System General Fund Expenditures by Function schedule for fiscal year ended June 30, 2011 ; \r\n( amounts expressed in thousands). 2 GA Department of Education, Enrollment by Grade report, based on the October count of each fiscal year. 3 Average daily attendance figures from the APS Attendance/Membership Summary Report as of June 30 of each fiscal year. \r\n \r\n88 \r\n \r\n Fiscal Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 \r\nSource: \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM SCHOOL BREAKFAST PROGRAM LAST TEN FISCAL YEARS MEALS SERVED \r\nSchedule 18 \r\n \r\nTotal 3,247,865 3,022,747 3,249,614 2,788,851 2,707,493 2,782,559 2,854,746 2,884,599 3,077,775 3,499,392 \r\n \r\nFree 3,018,458 2,744,137 2,935,318 2,499,934 2,435,219 2,490,514 2,597,420 2,634,544 2,822,180 3,173,080 \r\n \r\nReduced 76,582 71,277 72,924 83,064 85,014 105,082 85,533 78,887 77,739 78,260 \r\n \r\nNutrition Department of APS \r\n \r\nPaid 152,825 207,333 241,372 205,853 187,260 186,963 171,793 171,168 177,856 248,052 \r\n \r\n89 \r\n \r\n Fiscal Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 \r\nSource: \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM SCHOOL LUNCH PROGRAM LAST TEN FISCAL YEARS MEALS SERVED \r\nSchedule 19 \r\n \r\nTotal 7,073,273 6,834,927 6,597,114 6,040,086 5,980,314 5,938,199 5,894,475 5,919,633 5,835,665 5,840,231 \r\n \r\nFree 6,043,275 5,720,433 5,420,054 4,929,194 4,924,894 4,886,222 4,943,800 4,961,606 4,968,698 5,032,509 \r\n \r\nReduced 282,511 260,505 230,992 283,294 289,292 314,070 272,290 252,189 223,230 168,063 \r\n \r\nNutrition Department of APS \r\n \r\nPaid 747,487 853,989 946,068 827,598 766,128 737,907 678,385 705,838 643,737 639,659 \r\n \r\n90 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM NUMBER OF SCHOOLS \r\nLAST TEN FISCAL YEARS Schedule 20 \r\n \r\nFiscal Year \r\n \r\nTotal \r\n \r\nElementary \r\n \r\nMiddle \r\n \r\nHigh \r\n \r\n2002 \r\n \r\n92 \r\n \r\n66 \r\n \r\n16 \r\n \r\n10 \r\n \r\n2003 \r\n \r\n89 \r\n \r\n63 \r\n \r\n16 \r\n \r\n10 \r\n \r\n2004 \r\n \r\n89 \r\n \r\n63 \r\n \r\n16 \r\n \r\n10 \r\n \r\n2005 \r\n \r\n85 \r\n \r\n59 \r\n \r\n16 \r\n \r\n10 \r\n \r\n2006 \r\n \r\n89 \r\n \r\n59 \r\n \r\n16 \r\n \r\n14 \r\n \r\n2007 \r\n \r\n94 \r\n \r\n58 \r\n \r\n16 \r\n \r\n20 \r\n \r\n2008 \r\n \r\n93 \r\n \r\n57 \r\n \r\n17 \r\n \r\n19 \r\n \r\n2009 \r\n \r\n95 \r\n \r\n57 \r\n \r\n19 \r\n \r\n19 \r\n \r\n2010 \r\n \r\n96 \r\n \r\n55 \r\n \r\n18 \r\n \r\n23 \r\n \r\n2011 \r\n \r\n96 \r\n \r\n55 \r\n \r\n16 \r\n \r\n25 \r\n \r\nSource: \r\n \r\nAtlanta Public Schools - General Fund and Special Revenue Budget book- Fast Facts \r\n \r\n91 \r\n \r\n Grade Level \r\nPK KK Grade 1 Grade 2 Grade 3 Grade 4 Grade 5 Grade 6 Grade 7 Grade 8 Grade 9 Grade 10 Grade 11 Grade 12 \r\nTotals \r\nSource: \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM ENROLLMENT BY GRADE LEVEL ( UNAUDITED) \r\nLAST TEN FISCAL YEARS Schedule 21 \r\n \r\n2002 \r\n \r\n2003 \r\n \r\nFor the Fiscal Year Ended June 30, 2004 2005 2006 2007 2008 \r\n \r\n2009 \r\n \r\n2010 \r\n \r\n2011 \r\n \r\n774 4,786 4,878 5,034 5,430 4,699 4,960 4,384 4,188 4,151 4,480 3,499 2,927 2,396 \r\n \r\n775 4,618 4,723 4,605 5,011 4,742 4,636 4,307 4,161 4,014 4,456 3,458 3,099 2,341 \r\n \r\n788 4,481 4,503 4,319 4,383 4,392 4,393 3,898 3,998 3,828 4,131 3,352 2,999 2,638 \r\n \r\n841 4,562 4,530 4,290 4,351 3,930 4,261 3,979 3,757 3,815 4,253 3,380 2,885 2,543 \r\n \r\n805 4,762 4,501 4,284 4,264 4,086 3,921 3,807 3,794 3,597 4,332 3,268 2,925 2,424 \r\n \r\n858 4,758 4,739 4,348 4,286 3,992 3,948 3,526 3,622 3,739 4,073 3,291 2,900 2,551 \r\n \r\n890 4,476 4,711 4,545 4,330 4,065 3,874 3,509 3,309 3,580 4,204 3,197 2,854 2,447 \r\n \r\n885 4,351 4,503 4,543 4,337 4,040 3,903 3,314 3,347 3,190 4,309 2,948 2,893 2,469 \r\n \r\n965 4,501 4,377 4,431 4,431 4,168 3,904 3,451 3,204 3,303 4,420 2,873 2,354 2,527 \r\n \r\n991 4,598 4,601 4,248 4,481 4,221 4,177 3,623 3,490 3,242 4,412 2,982 2,299 2,431 \r\n \r\n56,586 54,946 52,103 51,377 50,770 50,631 49,991 49,032 48,909 49,796 \r\n \r\nGA Department of Education, Enrollment by Grade report, based on the October count of each fiscal year. \r\n \r\n92 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM EMPLOYEES BY FUNCTION ( Unaudited) FOR THE LAST TEN FISCAL YEARS Schedule 22 \r\n \r\nFunction \r\n \r\nFiscal Year Ended June 30, 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 \r\n \r\nInstruction Pupil Services Improvement of Instructional Services Educational Media Services General Administration School Administration Business Administration Maintenance and Operations Student Transportation Services Central Services Other Supporting Services Nutrition Operations Facilities, Acquisition and Contruction \r\n \r\n6,319 392 156 130 66 441 99 839 423 244 44 660 \r\n7 \r\n \r\n6,154 381 166 130 91 483 89 813 414 248 104 631 \r\n7 \r\n \r\n5,887 381 93 128 63 470 87 802 425 198 52 370 \r\n6 \r\n \r\n5,464 386 110 123 64 453 91 733 415 174 55 218 \r\n5 \r\n \r\n5,300 335 97 122 65 443 75 639 412 168 56 175 \r\n3 \r\n \r\n5,212 297 272 127 46 429 159 564 425 132 52 154 \r\n0 \r\n \r\n5,298 341 265 126 47 453 162 540 421 136 79 143 \r\n0 \r\n \r\n5,137 365 303 124 68 449 189 632 424 129 81 136 \r\n1 \r\n \r\n5,170 348 327 121 79 434 188 628 439 128 86 122 \r\n1 \r\n \r\n4,892 350 314 123 84 438 199 630 446 136 93 119 \r\n2 \r\n \r\nTotals \r\n \r\n9,820 9,711 8,962 8,291 7,890 7,869 8,011 8,038 8,071 7,826 \r\n \r\nSource: Information Technology Department of APS \r\n \r\n93 \r\n \r\n "},{"id":"dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2009-h2010","title":"Atlanta Independent School System, comprehensive annual financial report, fiscal year ended June 30, 2010, June 30, 2010","collection_id":"dlg_ggpd","collection_title":"Georgia Government Publications","dcterms_contributor":["Georgia. Department of Audits and Accounts, issuing body.","Atlanta Public Schools. Office of the Chief Financial Officer."],"dcterms_spatial":["United States, Georgia, Fulton County, Atlanta, 33.749, -84.38798"],"dcterms_creator":["Georgia. Department of Audits"],"dc_date":["2010-06-30"],"dcterms_description":["Began with: Fiscal year ended June 30, 2008.","\"Prepared by Office of the Chief Financial Officer.\"","Report year covers fiscal year.","Fiscal year ended June 30, 2010-fiscal year ended June 30, 2013 called also FY 2010-FY 2013.","Issued by: Georgia. Department of Audits and Accounts, although a private accounting firm's name may appear prominently on the piece for some issues.","Fiscal year ended June 30, 2008, released in 2009? (online surrogate); title from PDF cover (Georgia Government Publications database, viewed August 10, 2023).","Fiscal year ended June 30, 2014 (online surrogate) (Received via FTP 1/14/16 from Georgia Dept. of Audits and Accounts); (Georgia Government Publications database, viewed August 10, 2023)."],"dc_format":["application/pdf"],"dcterms_identifier":null,"dcterms_language":["eng"],"dcterms_publisher":["Atlanta, Ga. : Dept. of Audits and Accounts"],"dc_relation":null,"dc_right":["http://rightsstatements.org/vocab/InC/1.0/"],"dcterms_is_part_of":null,"dcterms_subject":["Atlanta Public Schools--Appropriations and expenditures--Periodicals.","Education--Georgia--Atlanta--Auditing--Periodicals.","Education--Georgia--Atlanta--Finance--Statistics--Periodicals.","Georgia Government Documents--Serial"],"dcterms_title":["Atlanta Independent School System, comprehensive annual financial report, fiscal year ended June 30, 2010, June 30, 2010"],"dcterms_type":["Text"],"dcterms_provenance":["University of Georgia. Map and Government Information Library"],"edm_is_shown_by":["https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2009-h2010"],"edm_is_shown_at":["https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2009-h2010"],"dcterms_temporal":null,"dcterms_rights_holder":["\u0026copy; Georgia Department of Audits"],"dcterms_bibliographic_citation":null,"dlg_local_right":null,"dcterms_medium":["state government records"],"dcterms_extent":null,"dlg_subject_personal":null,"iiif_manifest_url_ss":null,"dcterms_subject_fast":null,"fulltext":"COMPREHENSIVE L NNUAL \r\nFINANCIAL REPORT \r\n:iscalYear Ended June 30,201 0 \r\nAtlanta Independent School SystemAtlanta, Georgia \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM COMPREHENSIVE ANNUAL FINANCIAL REPORT \r\nFISCAL YEAR ENDED JUNE 30,2010 \r\nOffice of the Chief Financial Officer Charles A. Burbridge \r\n130 Trinity Avenue, SW Atlanta, Georgia 30303 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Comprehensive Annual Financial Report Table of Contents Fiscal Year ended June 30,20 10 \r\nINTRODUCTORY SECTION \r\nLetter of Transmittal \r\nGFOA Certificate of Achievement \r\nASBO International Certificate of Excellence \r\nList of Principal Officials \r\nAppointed Officials \r\nOrganization Chart \r\nFINANCIAL SECTION \r\nReport of Independent Certified Public Accountants \r\nManagement's Discussion and Analysis \r\nBasic Financial Statements: \r\nGovernment-wide Financial Statements: Statement ofNet Assets \r\nStatement of Activities \r\nFund Financial Statements: Balance Sheet - Governmental Funds \r\nReconciliation of Governmental Funds Balance Sheet to the Government-wide Statement of Net Assets \r\nStatement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds \r\nReconciliation of Governmel~talFunds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government-wide Statement of Activities \r\nStatement of Net Assets - Proprietary Fund - Food Services \r\n \r\nPage \r\n1 \r\nvii \r\n... \r\nVlll \r\nix xiii xiv \r\n \r\n ATLANTA IN DEPENDENT SCHOOL SYSTElM \r\nComprehensive Annual Financial Xeport Table of Contents \r\nFiscal Year ended June 30,2010 \r\nStatement of Revenues, Expenses and Changes in Net Assets - Proprietary Fund - Food Services \r\nStatement of Cash Fiows - Proprietary Fund - Food Services \r\nStatement of Fiduciary Assets and Liabilities \r\nNOTES TO THE BASIC FINANCIAL STATEMEKTS \r\nREQUIRED SUPPLEmNTARY INFORMATION \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Title I Special Revenue Fund \r\nSchedule of Funding Progress \r\nOTHER SUPPLEI\\/IENTARY INFORMATION Non-Major Governmental Funds: \r\nCombining and Individual Fund Statements and Schedules: \r\nCombining Balnnce Sheet - Won-major Governmental Funds \r\nCom'bining Statement of Revenues, Expenditures and Changes in Fund Balances - Non-major Governmental Funds \r\nCombining Schedule of lievenues, Expenditures and Changes in Fund Balance -Budget and Actual - All Special Revenue Funds Combined \r\nScIle\u0026uleof Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Title I1 Fund \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Title VI - B Fund \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Co~nprehensiveAnnual Financial Report Table of Contents Fiscal Year ended Junz 30, 2010 \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Lottery Fund \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual -Other Federal Programs Fund \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Other Special Pro-iects Fund \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - Capf tal Projects Fund Combining Statement of Changes jn lhssets and Liabilities Agency Fund Quality Basic Education Programs - Program Expenditures General Fund Quality Baslc Education Programs Schedule of Allotments and Expenditures by Program Schedule of Expenditc~resby Object - Lottery Programs Schedule of Approved Local Option Sales Tax Projects Schedule of State Revenue \r\nSTATISTICAL SECTION (UNAUDITED) Net Assets by Component Changes in Net Assets Governmental Fund Balances Changes in Governmental Fund Balances General Fund Expendtures by Function \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM Comprehensive Annual Financial Report Table of Contents Fiscal Year ended June 30,2010 \r\nGeneral Fund Revenues by Source Assessed and Estimated Actual Value of Taxable Property Property Tax Rates - All Overlapping Governments Principal Property Taxpayers Property Tax Levies and CoIlections Coinparison of Property Tax Millage Rates Tax Millage Rates School Buildings, Acreage and Capacity Demographic Statistics Principal Employers Genera1 Fund per Pupil Cost School Breakfast Program School Lunch Program Number of Schools \r\n \r\n INTRODUCTORY SECTION \r\n \r\n Dear Citizens: \r\n \r\nJanuary 27,20 11 \r\n \r\nAtlanta Public Schools (APS) continues its journey to excellence, which began in 1999 under \r\nthe leadership of Superintendent Dr. Beverly L.Hall. Directed by the assumption that every \r\nchild can learn and succeed academically if provided quality instruction in a safe and nurturing learning environment, Atlanta Public Schools began implementing research-based reform models on a district-wide basis. These reform models focus on increasing student academic achievement through a personalized educational experience. \r\n \r\nSnapshot of Atlanta Public Schools \r\n \r\nThe APS story serves as a model far urban school districts nationwide, offering proof that a single goal - student academic success - can and does make a difference, regardless of gender or socio-economic background. \r\n \r\nLike many urban school systems, a majority of APS students come from challenging home environments. Three-fourths of APS students qualify for the federal fiee and reduced priced meals program, based on their family incomes that place them near the poverty line. Shldents also relocate frequently with nearly one-third of APS students moving during any single school year. \r\n \r\nA decade ago, APS struggled in many areas. Student perfonnance trailed the state by double digits, absenteeism was chronic; the graduation rate was below 40 percent; and the District had five superintendents at the helm in a 10-year period. \r\n \r\nToday, A P S is making national headlines with ten consistent years of progress, including steady improvements in student achievement, the ability to hire and retain quality teachers, increased employee morale, and refurbished and new faciIities. \r\n \r\nHighlights: \r\n \r\nAPS fourth and eighth grade reading scores improved by fourteen points since 2002 on the National Assessment of Student Progress (NAEP) national, standardized test. Student perfonnance on these tests affirms the District's overall progress on state assessments. \r\n \r\nr The Dishiict's gradualion rate has increased dramatically, Erom 39 percent in 2002 to 69 percent in 2009. \r\n \r\nM S high school students fiom the class of 2010 eanied a record S129 million in academic and athletic scholarship offers. APS students also earned a record twenty- \r\n \r\nAtianta Public Schools \r\n \r\nI \r\n1 3 0 Trinity Avenue. S.W. Atlanta, GA 30303 w atlantapublrcschools.us \r\nTi1 -08-020 \r\n \r\n404-802-3500 \r\n \r\n nine 2010 Gates MiIIennium SchoIarships - more than any school District in the nation. \r\nAPS Points of Pride \r\n1 Seventy-nine percent of APS eighth-grade students met or exceeded standards on the 2010 Gecrgia Grade 8 Writing Assessment, improving their performance by 5 percentage points and closing the achievement gap with the state. \r\n2. Bolstered by a $10 million grant frorn the Bill and Melinda Gates Foundation, APS has accelerated its efforts to recruit, prepare and support teachers through its Effective Teacher in Every Classroom Initiative. 'This initiative reflects research that indicates all shidents can achieve at high levels in the presence of a highly effective teacher. \r\n3. International Baccalaureate (ID) instruction is available to students in kindergarten through high school, including students at the newly TB-certified Deerwood Academy in southwest Atlanta. To cornpete on a global playing field, APS offers courses in Mandarin Chinese, Spanish and French. Arabic and Latin are also available in several high schools. \r\n4. To promote a smooth transition from elementary to middle school, APS created the Middle School Transformation Initiative. In addition to single-gender schools, APS middle school students will benefit from block scheduling that provides more individualized instruction. \r\n5. From a $22.5 million math and science g a n t from the GE Foundation to the Early Lealning aucl Literacy Resource Center housed at Dunbar Elementary with support from the Annie E. Casey Foundation and other partners, a network of civic and Fortune 500 companies has invested in APS' student achievement. \r\n6. All APS high schools have been transformed into smaller, more personalized learning environments that offer specialized fields of study. \r\n7. The District's two single-gender middle schools opened their associated high schools this year with incoming fieshmen classes at B.E.S.T.Academy for boys and Coretta Scott King Young Women's Leadership Academy for girls. \r\n8. Major renovations are undenvay at four APS schools, including North Atlanta, Benjamln E. Mays and D.M. Therrell high schools and Continental Colony Elementary School. These projects involve complete renovations and upgrades of existing buildings and campuses, costing more thml S 100 million. \r\n9. Project GRAD, a signature reform initiative, helps students in 35 schools to envision a path that includes college and career. \r\n10. As other districts reduce arts education programs, APS has maintained its commitments to quality instruction in this area. The Fine Arts Department has earned more than $1.2 million in professional development grants. Students also participate in programs with the Woodruff \r\n \r\n Arts Center, the High Museum of Art and the Julliard School, which offers a Summer Jazz Residency. \r\nChallenges Ahead \r\nThe challenges that confront those of us spearheading advances in urban public education are many and varied. In the case of Atlanta Public Schools, these challenges include questions raised recently about the integrity of state standardized tests administered to APS students and about the very real gains experienced by our students over the past decade. These are serious questions that deserve serious responses. \r\nIn response to concerns raised about excessive erasures on the 2009 Criterion-Reference Competency Test (CRCT), the Atlanta Board of Education called for an independent investigation that involved the creation of a Blue h b b o n Commission to oversee the probe that was conducted by two national testing and forensic accounting firms. The results of that initial five-month investigation are currently being reviewed and further investigated by the state and APS. The District has taken a number of proactive actions based on the preliminary results of the independent investigation, including bolstering testing policies and procedures and providing a tailored education program for those students who may have been impacted by testing irregularities. \r\nIn response to questions that have been raised recently about the District's graduation and dropout rates, we are currently reviewing the data associated with these areas from over the past decade to ensure that they accurately reflect the progress that we have made in accelerating student achievement and providing graduating seniors with the knowledge they need to be successful in doing college and university level work. \r\nAPS has successfully met the challenge of maintaining a high level of educational services for our students during this extended economic downturn that has resulted in a reduction of resources, including state and property tax revenues to support education. Despite these considerable challenges, A P S has maintained its commitment to continuing to provide visual and performing arts and nus sic progams for our students. These programs enhance student achievement in the core curriculum courses and help reduce the dropout rate by maintaining the interest of those students with interests in the arts. While all schools and departments have experienced budget cuts as a result of dwindling economic resources, the District's innovative urban school reform programs continue intact, along with the maintenance of academic coaches, counselors, school nurses and social workers - all of which are essential components of the educational services provided to our students. \r\nLocal Economy \r\nThe development of the fiscal year 2010 budget, which was approved on May 10,2010, was a planned, orderly process which evaIuated the prioritization of available funds for provision of \r\n \r\n Educational services for APS students. \r\nBoth of our primary funding sources for the fiscal year 2010 budget have suffered, primarily because of the nationwide recession. Our major revenue stream for operations is property taxes, although we reported more in fiscal year 2009, this revenue stream was below the budget by $12.7 million. O w second major general fund revenue streain is state revenue through the \"Quality Basic Education\" Act finding. Because of the economy in Georgia, the Governor has made numerous austerity reductions in this revenue streain exceeding $22.3 million. \r\nThe economic slowdown, additional state budget cuts, increased unfunded mandates and tax revenue challenges have put tremendous challenges to the School District. There will be continuing financial challenges for fiscal year 201 1 and beyond. \r\nLong-Term Financial Planning \r\nThe School District plans capital improvements as future capital needs arise due to student population changes and facility repair and maintenance needs. Specific capital expenditure plans are formalized in conjunction with SPLOST receipts and anticipated annual receipts of capital outlay funds from the State of Georgia Department of Education. The School District regularly monitors anticipated capital outlay needs. \r\nStrategic Planning, Implementation and Measurement \r\nAPS understands that a sound strategic plan is essential to the effective delivery of a world-class education. The District employs the Balanced Scorecard strategic management system to increase total customer value to students, parents, employees and community members. The strategic management system facilitates regular measurement of core district performance functions while balancing integrated, SMART (Specific, Measurable, Attainable, Relevant and Time-bound) objectives. In addition, the adopted system delivers a level of strategic clarity that ensures more accurate forecasting for future organizational needs. \r\nFinancial Information \r\nDespite some of the challenges facing APS, we ended the fiscal year better than budgeted in the General Operating Fund. Using the full accrual basis of accounting, APS has total net assets of $1.3 billion, an increase of approximately $1 6.21 million from fiscal year 2009. There was also a decrease in unreserved fund balance. Further discussion is included in Management's Discussion and Analysis as presented on pages 3-14. \r\nFund Accounting: The APS reports its financial activities through the use of h n d accounting. This is a system wherein transactions are reported in self -balancing sets of accounts to reflect the results of \r\n \r\n activities. (See Note t\\ of the Notes to the Basic Financial Statements for a summary of significant accounting policies and a description of fund types). \r\nInternal Control Structure: The APS financial management officials are responsible for iinplementing and enforcing a system of internal controls to protect the assets of the APS from loss, theft, or misuse and to ensure that reliable accounting data are available for the timely preparation of financial statements in accordance with GAAP. The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that the cost of control should not exceed the benefits likely to be derived and that the evaluation of costs and benefits requires estimates and judgments by management. \r\nAwards \r\nThe Government Finance Officers as so cia ti or^ of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to APS for its Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30,2009. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive ann-ualfinancial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. \r\nA Certificate of Achievement is valid for a period of one year only. We believe that our current Comprehensive Annual Financial Report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. \r\nThe District also received the Association of School Business Officials (ASBO) International's Certificate of Excellence in Financial Reporting for the Comprehensive Annual Financial Report for the year ended June 30, 2009. This is the first year that the School District submitted the CAFR to ASBO. This award certifies that the report substantially confox~nsto the principles and standards of financial reporting as recommended and adopted by the Association of School Business Officials International. \r\nThe award is granted only after an intensive review of financial reports by an expert panel of certified public accountants and practicing school business officials and is also valid for a period of one year. \r\nAcknowledgements \r\nThis report could not have been prepared without the dedicated and effective help of the entire Finance Department staff. We wish to express our gratitude and appreciation to them for their contributions and professionalism. \r\n \r\n In Closing \r\nWe are pleased to present to the community our Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30: 20 10. Our community deserves the highest quality instruction. outstanding academic programs and comprehensive student development supports to prepare our city's youth for the challenges o f the world of tomorrow. Equally important. our community deserves relevant financial information and tight fiscal controls that will result in greater accountability to our taxpayers, legisiators and government entities that serve the needs of our students. We wiII continue to do our very best to meet both goals. \r\nRespectfully submitted, \r\n \r\nCharles A. Burbridge. Chief Financial Officer \r\n \r\n-, \r\nC.' \r\n \r\nBeverly L. Hall, Ed.D. Superintendent \r\n \r\n Certificate of Achievement for Excellence \r\nReporting \r\nPresented to \r\n- Atlanta Public Schools \r\nGeorgia \r\nFor its Comprehensive Annual Financial Report \r\nfor the Fiscal Year Ended June 30,2009 \r\nA Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers \r\nAssociation of the United States and Canada to government units and public employee retirement \r\nsystems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting and financial reporting. \r\n \r\n SCHOOL Bt.J$l\u0026Ess \r\nINTERNATIONAL \r\n \r\nThis Certificateof Excelle~cein Financial Reporting is presented to \r\nATLANTA .mEPENDENTSCMOlOL SYSTEM \r\nFor its Comprehensive Annual Financial Report (CAFR) For the Fiscal Year Ended June 30,2009 \r\nUpon recommendation of the Association's Panel of Review which has judged that the R.epnrt \r\nsubstantially conformsto principles and standards of ASBO's Certificateof Excellence Program \r\n \r\nPresident \r\n \r\nExecutive Director \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nList of Principal Officials June 30,2010 \r\nSCHOOL SYSTEM BOARD MEMBERS \r\nDistrict 5: LaChandra D. Butler Burks, Chair \r\nMs. Burks currently serves as Chair of the Atlanta Board of Education. Born and raised in Atlanta, Georgia, LaChandra Butler Burks' passion for children and commitment to education has been evident all of her Ilfe. As a product of Atlanta Public Schools, she considers it an honor to now serve as a member of the Atlanta Board of Education because it allows her to fight daily to have quality, public education for the children of a city she dearly loves. It is her strong belief that everyone must be involved in making sure that children are whole and well. \r\nOn November 8, 2005, the residents of Atlanta elected LaChandra Butler Burks out of six candidates with 58% of the votes as the Atlanta Board of Education District 5 Representative. A graduate of L.P. Miles Elementary School and C.L. Harper High School with a Bachelors Degree from State University of West Georgia, (formerly West Georgia College) and a Masters of Business Administratiofi from Keller Graduate School of Management. LaChandra Butler Burks received most of her political experience fi-om having worked under the leadership of three Atlanta mayors for 13 years. \r\nDistrict 3: Cecily Harsch-Kinnane, Vice Chair \r\nMs. Harsch-Kinnane currently serves as Vice Chair of the Atlanta Board of Education. She has been involved in Atlanta Public Schools for nine years. She and her husband, Paul, have t h e e chldren in APS and she has served as PTA president at Morningside E.S., on the PTA boards at Inman M.S. and Grady H.S., as co-president of the Council of Intown Neighborhoods and Schools and on the principal selection committee at several schools. She has been involved with Habitat for Humanity, served on the City of Atlanta Elected Officials Compensation Commission and on the board of the Atlanta Youth Soccer Association. Ms. Harsch-Kinnane is a fonner middle and high school math teacher and has recently been the \r\ncoordinator of an after school-mentoring program. She is a native of \r\nAtlanta, received a BA in Mathematics from Brown University, and has done graduate work in Math Education and Educational Psychology at Georgia State University. \r\n \r\n District 1: Brenda J. Muhammad \r\nBrenda Muhammad is the executive director of the Atlanta Victim Assistance, Lnc. (AVA), an organization that advocates for the fundamental rights of victims and witnesses of crime with compassion, dignity and respect. AVA provides comprehensive services, which remove barriers, strengthen victims and their farnilies and foster a healthy transition from victim to survivor. \r\nPassionate about children and their educational needs, particularly those who are underserved, Brenda currently serves as the School Board Representative for District 1. She has also served the Atlanta School Board in -times:past as Chair and Vice Chair. \r\nDistrict 2: Khaatim Sherrer El In November 2003, voters in District 2 elected Khaatim S. El to the Board of Education as the youngest board member in the history of the Atlanta Public Schools. He has served as Chair of the Board Development/Workshops Committee. He is a Board Representative on the Project Grad Committee and on the Fulton County Department of Health and 'We1lness Board. \r\nDuring his high school years, Khaatirn served on the Board of Education in Newark, New Jersey as the student representative, beginning his work and interest in youth advocacy and ljl~bliceducation. Khaatim is a proud graduate of Morehouse College where he earned a degree in Urban Studies and Public Policy. \r\nDistrict 4: Kathleen Barksdale Pattillo Kathleen (Katy) Pattillo served as chair of the Atlanta Board of Ecluceltion (2006-2005). Prior to her board work, she served as copresident afthe PTA at Sarah Smith Elementary School and as the chair of the Boys \u0026 Girls Club of Metro Atlanta. She previously practiced law, has worked at CNN, the Southern Company and in the press offices of the U.S. Senate Majonty Leader Howard Baker and Sen, Herman E. Talinadge. \r\nMs. Pattillo received her J.D. degree from Emory University School of Law and her B.A. in political science from the University of Georgia after attending HoIlins College. She serves as a trustee of the Boys \u0026 \r\nGlrls Club of Nletro Atlanta. \r\n \r\n District 6 : Yolanda Johnson \r\nC Yolanda Johnson is a proud resident of the Adains Park Community of \r\nSouthwest Atlanta. She is a product of public schools and a practicing attorney who has been actively engaged in the community since she made Atlanta her home more than a decade ago. \r\nShe began volunteering with the Atlanta Public Schools (APS) when she agreed to serve on a coinmittee redeveloping the curriculum for the Law and Government Magnet at Therrell High School. This experience gave her unique system insight and firsthand knowledge of how even a small group of dedicated people can make differences in the lives of our children: our hture. \r\nSeat 7: Eric W. Wilson Eric W. Wilson was elected to the Atlanta Board of Education, District 7 At-Large in November 2001. In 2003 through 2005, he served the Board as Vice Chair additionally; he has chaired the Facilities Commission and has served as an active member of numerous other board committees. \r\nEric W. Wilson holds a Master of City Planning degree from the Georgia Institute of Technology, a Bachelor of Science in PubIic and Environmental Affairs from Indiana University and received his Military Officer Commission from the Indiana Military Academy. \r\nSeat 8: Mark Riley \"Revitalizing Atlanta's inner city has been a focus of my professional life, and I have always firmly believed that revitalization of the city must be paralleled by the development of a system of high performing schools. Without such schools, Atlanta will not fbllfill its potential to prepare its residents to contribute to a high quality of Iife not only for themselves, but for all of us.\" \r\nMr. Riley is Managing Partner of Urban Realty Partners, an in-itown real estate deveIopment fi-rn. He is also Director of the Sartain Lanier Family Foundation (focused on improving education options in the metro Atlanta area) and serves on several civic boards. He holds J.D. and B.A. degrees from Vanderbilt University a,nd is active in alumni affairs \r\n \r\n Seat 9: Emmett D.Johnson \r\nMr. Emmett Joh~sorhi as proven that he is a person dedicated to making a positive difference. He is committed to serving the needs of our youth. He is knowledgeable about educational issues. As a member of the Atlanta Board of Education, Mr. Johnson: \r\nMr. Johnson served as Vice-Chair of the Board (2006-2008); has been appointed by Governor Sonny Perdue to the Master Teacher \u0026 Academic Coach Implementation Committee (July 2005); served as Chair of the Atlanta Board of Education (2003); chaired the Community Support for School Reform and Innovations Ad Hoc Committee (2000); chaired the Board Development/Board Retreat Task Force (2002); serves on the Facilities Master Plan Oversight Cornmission and the Parent and Family .Involvement Task Force; was a member of the 2001 Georgia School Boards Association Governnlental Operations Committee; Is a member of the Georgia School Boards Association Nominating Committee for the selection of the Association's, President; President Elect, and Treasurer (2000 - 2001); served as delegate to the Georgia School Boards Association (2001) and served as a representative to Metro RESA (2001). \r\nAtlanta Board of Education Goals and Objectives \r\nEach year, the Board of Education adopts goals as a means to improve its educational programs. The human and financial resources are allocated in the budget in order to achieve the adopted goals of the District. The objectives of the Atlanta Board of Education are: \r\n9 To provide and maintain a quality, comprehensive, high-level curriculum to be followed by all schools in the District; \r\n9 To enhance the use of technology by students, teachers and staff in the instructional process; \r\n9 To enhance political relationships with various entities in the District; \r\nP To increase public awareness and participation in School District affairs; and \r\n9 To exercise fiscal discipline. \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM APPOINTED OFFICIALS JUNE 30,2010 \r\nSUPERINTENDENT Beverly L. Hall, Ed.D. SENIOR CABINET \r\nCharles A. Burbridge. ..................................................Chief Financial Officer \r\nVeleter Mazyck..................................................................General Counsel \r\nKathy Augustine.. ......................................Deputy Superintendent for Instruction \r\nMillicent Few...................................................Chief Human Resources Officer \r\nLarry Hoskins. ...................................... ..Deputy Superintendent for Operations \r\nSuzanne Yeager.. ............................................ ..Chief Communications Officer \r\nJoyce McCloud. ............................................Special Assistant to the Superintendent \r\n. Alexis Kirijan...............................,.,, ,,Chief Strategy and Development Officer \r\nDavid Williamson.. ...............................................C. hief Information Officer Sharron Pitts.....................................................................C..h.ief of Staff \r\n \r\n Organizational Chart xiv \r\n \r\n Financial Section \r\n \r\n Russell W. Hinton \r\nSTATE AUDITOR \r\n(4W)6.56-2174 \r\n \r\nDEPARTMENOTF AUDITSAND ACCOUNTS \r\n270 Washington Street, S.W., Suite 1-156 Atlanta, Georgia 30334-8400 \r\nApril :14, 2 0 1 1 \r\n \r\nHonorable Nathan Deal, Governor Members of the General Assembly Members of the State Board of Education \r\nand Superintendent and Members of the Atlanta lndependent School System \r\nINDEPENDENTAUDITOR'S REPORT ON BASIC FINANCIAL STATEMENTS \r\nLadies and gentlem men: \r\nWe have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Atlanta lndependent School System (School System), as of and for the year ended June 30, 2010, which collectively comprise the School System's basic financial statements as listed in the table of contents. These financial statements are the responsibility of the Atlanta lndependent School System's management. Our responsib~lityis to express opinions on these financial statements based on our audit. \r\nWe conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial sta,ter~entsa, ssessing .the accounting principles used and the significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. \r\nIn our opinion, the financial slatements referred to previously present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the agregate remaining fund information of the Atlanta lndependent School System, as of June 30, 2010, and the respective changes in financial position and cash flows thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America. \r\nAs described in Note R to the financial statements, the School System removed financial activity for previously reported blended and discretely presented component units. \r\n \r\n Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis on pages 3 through 1 4 and the required supplementary information on pages 5 1 through 5 3 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures, to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during the audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. \r\nOur audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Atlanta Independent School System's financial statements as a whole. The lntroductory Section, the Supplementary lnformation and the Statistical Section are presented for purposes of additional analysis and are not a required part of the financial statements. Such information is the responsibility of management and was derived from and relate directly to the underlying accounting and other records used to prepare the financial statements. The Supplementary Information on pages 54 through 68 has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconc~lingsuch information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated, in all material respects, in relation to the financial statements as a whole. The lntroductory Section on pages I through xiv and the Statistical Section on pages 69 through 89 have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we express no opinion on them. \r\nA copy of this report has been filed as a permanent record in the office of the State Auditor and made available to the press of the State, as provided for by Official Code of Georgia Annotated section 50-6-24. \r\nRespectfully submitted, \r\nm \r\nRussell W. Hinton, CPA, CGFM State Auditor \r\n \r\n MANAGEMENT'S DISCUSSION AND ANALYSIS \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nManagement's IDiscussion and Analysis For the Year Ended June 30,2010 \r\nThe discussion and analysis of the Atlanta Independent School System's financial performance provides an overview of the fiscal year ended June 30, 2010. The intent of this discussion and analysis is to examine the School System's financisl perfommice as a wholz, identify changes in financial position as well as to provide basic financial statements. The basic financial statements and notes to the basic financial statements should be reviewed by the readers to enhance their mderstmding of the School Systeri-4's financial perfornance as a whole or as an enlire operating entity. The basic financial statements contain the foliowing components: \r\n1) Government-wide financial statements including the Statement of Net Assets and the Statement of Activities, which provide a broad, long-term overview of the School System's finances. \r\n2) Fund-level financial statements provide a greater level of detail about the School System's major funds and focus on how well the School System has performed in the short-term in the most significant filr~ds. \r\n3) Notes to the Basic Financial Statements. \r\nThis report also presents the highlights for the year ended June 30, 2010 and contains other supplementary information. \r\nFINANCIAL CTJGHLJCHTS \r\nOverall, net assets in fiscal year 2010 increased by 1.3% over fiscal year 2009. This is evidence of management's ability to maintain a balanced budget and control expenses, despite austerity reductions due to economic downturns affecting the Districts revenues. The key financial highlights for fiscal year 20 10 as represented are: \r\nGovernment-wide Financial Statements: \r\n3 Total net assets for the SchooI System increased fiom $1,282.71 million in fiscal year 2009 to $1,298.92 million in fiscal year 2010, an increase of approximately S16.21 million or 1.3% due to revenues exceeded expenses by approximately S 16 million as a result of major budget cuts during the year. Net assets increased by $16.15 million for Governmental Activities and increased by roughly $66,000 for Business-type Activities. \r\n\u003e Total revenues decreased from $845.46 million in fiscal year 2009 to S805.55 million in \r\nfiscal year 2010, a decrease of approxirnatcly $-39.91 million or -4.7%. Revenue for Governmental Activities decreased $39.95 million whlle revenue for Business-type activities increased by $0.05 million. \r\n3 Total expenses increased $3.28 million or 0.4% from $786.06 million in fiscal year 2009 to $789.34 million in fiscal year 2010. Expenses increased in Governmental Activities by $1.81 million and increased by $1.47 million in Business-type Activities. \r\n \r\n Fund Financial Statements: The School System has prepared its annuaI financial reports corresponding to the Governmental Accounting Standards .Board No. 34 financial reporting model. The following graphic is provided to give the reader an overview of this reporting model. \r\nOVERVEW OF FINANCIAL STATEMENTS \r\nGovernment-wideFinancial Statements The Government-wide financial statements are designed to provide the reader with a broad overview of the School System's finances in a manner similar to those used by private-sector businesses. The Statement of Net Assets and the Statement of Activities provide information \u0026out the activities of the whole School System, presenting an aggregate and long-term perspective of the finances. These statements include all assets and liabilities using the accrual basis of accounting. This basis of accounting includes all of the current year's revenues and expenses regardless of when cash is received or paid. \r\n \r\n o The Statement of Net Assets presents information on all of the Schools System's assets and liabilities, with the difference between the two reported as net assets. Increases or decreases in net assets may serve as a useful indicator of whether the financial position is improving or deteriorating. \r\no The Statement of Activities presents information showing how net assets changed during the fiscal year. AII changes in the net assets are reported as soon as the underlying event giving rise to the change occurs, regardless of !he timing ofthe related cashjlows. Thus, revenues and expenses are reported in the statement for some items that will result in cash flows in future fiscal periods (for example, uncollected taxes and earned but unused vacation leave). \r\nIncluded in the Statement of Net Assets and Statement of Activities for the School System are two distinct kinds of activities: \r\n9 Governmental Activities - Most of the School System's programs and services are reported here including instruction, pupil services, improvement of instruction, educational media, general administrative, school administrative, business administration, maintenance and operation of facilities, student transportation and central support. \r\n9 Business-type Activities - This service is provided on a charge for goods or services basis to recover all of the expenses of the goods or services provided. The Food Services proprietary fund is reported as a business-type activity. \r\n \r\n'Table 1 - Condensed Staterncnt of Net Assets (in miilions of dollars) \r\n \r\nCurrent and other assets Net capital assets \r\nTotal assets \r\nLong-term debt outstanding Other litlb~llttes \r\nTotal liabilities \r\nNe: assets Invested in capltal assets, net of related debt Restricted for debt serviccs Restrlcled f o ~capital projects Unrestricted Total net assels \r\n \r\nGovernmental Act~vtttes \r\n \r\nRestated \r\n \r\n2010 \r\n \r\nm \r\n \r\nBusmess-type Activit~es \r\n \r\n2010 \r\n \r\n2009 \r\n \r\nTotal School System \r\n \r\nRestated percentage \r\n \r\n2010 \r\n \r\n2009 chanRe \r\n \r\n.Ox. P Total assets increased by $14.61 million or 1 \r\n9 Current and other assets decreased by $-76.76 million or -16.85%. \r\n \r\n 9 Capital assets, net of accumulated depreciation for all activities increased by $91.37 million or 9.07%. For governmental activities, the increase primarily represents additions to \r\nbuildings and building improvements. \r\n9 Long-term debt outstanding b a e d by $21.72 million or 32.4%. \r\n \r\nTable 2 - Condensed Changes in Net Assets (in millions of dollars) \r\n \r\nRevenues Program revenues \r\nCharges for servrces Operating gTants and contrrbut~ons General revenues Property taxcs, levied for general purposes Specral Purpose Local Oprron Sales Tax Investment eamlngs Grants and Contributions not restricted to specific programs Property taxcs levied for debt service Other Gain on Sale of Assets \r\nTotal Revenues \r\nExpenses: \r\ninstruction Support Servrces: \r\nPupil servlces lrnprovemenr of rnstructional services Educational media General administration School adm~nistrat~on Busmess adminish-ation Maintenance and operation of facilities Srudent transportation Central support Food servrces Other support services Interest expense \r\nTotal Expenses \r\nChange in Net A.sets \r\nBeginning Net Assers, as restared (Xote R) Ending Net Assets \r\n \r\nGoverrimental Activities \r\n \r\n20 10 \r\n \r\nRestated 2009 \r\n \r\nBusiness-type Activ~ties \r\n \r\n2010 \r\n \r\n2009 \r\n \r\nTotal School System \r\n \r\nRestated Percentage \r\n \r\n2010 \r\n \r\n2009 \r\n \r\nChanse \r\n \r\n Primary Government Sources ~JRevenues \r\nTotal revenues, overall, decreased $39.91 million or -4.7%, from fiscal year 2009 to fiscal year 2010, wi,th an decrease in program revenues of$-0.13 million. \r\nProgram revenues are primarily grmt related and account for 28.4% or $223.90 milllon, of total revenues received due to State QBE revenue decrease. General revenues represent the major revenue stream for the School System. They nccount \r\nhr.71.6% or S576.66 million, of total revenues received in FY 201 0 . B e t w ~ e nfiscal years \r\n2009 and 2010, an increase of S IS).? million in propel-ry tax r.c\\renue occun.c.d and a decrease in SPLOST sales tax revenues of $-45.52 milliori. \r\n \r\n Primary Government Expenses \r\nTotal expenses increased from 2009 to 2010 by 0.4% or $3.28 million. Management continues to accurately forecast spending levels and manage spending throughout the year. \r\nGoverrmental activities account for 97.1%, or $766.12 million of total Bistrict spending. Four goups of activities account for 86.'7%, or $664.20 million of governmental spending: instruction ($438.04 million or 57.2%); pupil and improvement of insti-uctional services ($77.73 million or 10.1%); administration and business services ($57.68 million or 7.5%); and maintenance and operations ($90.75million or 1 1.8%). Business-activities revenues and expenses increased from 2009 to 2010, with revenue increasing by approximately $47,000 or 0.2% and expenses increasing by $1.47 million or 6.8%. Revenues increased due to an increase In pupil sales. Expenses increased as a result of unanticipated increase in costs. \r\n \r\n Table 3 - Net Cost of Governmental Activities (in millions of dollars) \r\n \r\nInstruction Support Services : \r\nPupil services [rnproverneo~o f instructional servlces \r\nEducational media General adrninistt-ation School adm~nistration Business administration Maintenance and operation of facilities Student transportation Central support Community services Other support services Enterprise operations Interest expense \r\nTotal Expenses \r\n \r\nTotal Cost of Services \r\n \r\nRestated Percentage \r\n \r\n2010 \r\n \r\n2009 \r\n \r\nChange \r\n \r\nS 438.04 $ 427.13 \r\n \r\n2.6% $ \r\n \r\nNet Cost of Services \r\n \r\n2010 \r\n \r\nRestated 2009 \r\n \r\nPercentage Change \r\n \r\n-327.07 S -318.66 \r\n \r\n2.6% \r\n \r\nThe net cost of governmental activities represents the cost of operating the School System to be covered by general revenues, including property taxes. The net cost of services increase is attributable to reduction in program revenues, primarily Quality Basic Education funds received from the State Department of'Education. \r\nTable 4 - Capital Assets (net of accumulated depreciation, in millions of dollars) \r\n \r\nLand Construction in Progress Buildings Building improvements Land Improvements Furniture and Fixtures Equipment Vehiclcs \r\nTotal \r\n \r\nGovernmental Activities \r\n \r\nRestated Percentage \r\n \r\n2010 \r\n \r\n2009 \r\n \r\nchanjie \r\n \r\n Construction in Progress and Boildings \r\n \r\nSPLOST I1 construction programs to renovate academic facilities are near completion. For more detailed information on the School System's capital assets, see Note G in the notes to the basic financial statements. \r\n \r\nTable 5 - Outstanding Lsng-Term Debt finmflltonsof ddlars) \r\n \r\nCapital leases \r\n \r\n$ \r\n \r\nIntergovernmental apreement- \r\n \r\nCity of Atlanta Education Reform Success \r\n \r\nCompensated absences \r\nContingent Liabilities - Legal \r\nContingent Liabilities - Sales 'Tax Refund Contingent Liabilities - SPLOST Refund \r\n \r\nWorkers' compensation \r\n \r\nTotal School System \r\n \r\nRestated \r\n \r\npercentage \r\n \r\n20 10 \r\n \r\n2009 \r\n \r\nchange \r\n \r\n14.00 $ \r\n \r\n18.16 \r\n \r\n-22.9% \r\n \r\n5.80 \r\n \r\n5.3 1 \r\n \r\n2.59 \r\n \r\n5.75 \r\n \r\n2.53 \r\n \r\n0.00 \r\n \r\n29.06 \r\n \r\n0.00 \r\n \r\n6.38 \r\n \r\n7.83 \r\n \r\n9.2% -55.0% 100.0% 100.0% \r\n-1 8.5% \r\n \r\n Outstanding long-term debt increased, in the current fiscal year; mostly due to a $2.53 million and $29.06 million increase in Sales Tax Refund and SPLOST Refimd, respectively. In addition, outstanding long-term debt decreased due to a $4.1 million and $3.2 million decrease in capital leases and contingent liabilities, respectively (see Note R). For more detailed information on the School System's long-term debt, see Note H in the notes to the basic financial statements. \r\nFund Financial Statements \r\nFund financial statements provide detailed infoilnation regarding the resources segregated for specific activities or objectives, not Government-wide. Funds are used to track specific sources of revenue and expenditures for particular programs. \r\nThe School System has three kinds offunds: \r\nGovernmental funds include most of the School System's basic services and focus on providing cash flow available for spending. These funds include the General Fund, Title I - Special Revenue Fund, Capital Projects Fund and other governmental h n d s of lesser magnitude. Fund accounting statements use the rnodified accrual method of accounting, which measures cash and other financial assets that can be readily converted to cash. These statements present a short-term view of the School System's operations and services and do not include the long-term focus presented in the Government-wide financial statements. For an explanation of the differences, see the reconciliations included with the Governmental Fund Statements. \r\nProprietary fund consist of services provided by the School System for a fee and employ the f i l l accrual method of accounting in the same manner as the Government-wide statements. The School System has one proprietary h n d , Food Services. This fund provides student meals at a cost based on the student's ability to pay, subsidized by federal funds and the School System. \r\nFi'duciary\u0026~rdrPaccount for assets not owned by the School System but for which the School System is responsible for ensuring that the assets in the funds are used for their designated purposes. These funds are not included in the Government-wide financial statement because they cannot be used to finance the School System operations. The School System has one fiduciary h n d - Agency Funds (Local School, Club and Class Funds). \r\nThe following presents a summary of the General Fund, Title I - Special Revenue Fund, Capital Projects Fund and other governmental h n d s by type of revenue for the fiscal year ended June 30, 2010 as compared to June 30, 2009. \r\nTable 6 - Revenues (in millions oCdollars) \r\n \r\nLocal taxes Sales taxes income State revenues Federal revenues Investment income F a c ~ l i t yrental fees T u i t ~ o ncharges Charges for services Other Proceeds fi-oni sale of c a p ~ t a lassets \r\nTotal Revenues \r\n \r\nGovernmental Funds \r\n \r\n~ e s t a t e d Increase \r\n \r\n2010 \r\n \r\n2009 \r\n \r\n(Decrease) \r\n \r\nPercentage Change \r\n \r\n The following tsble presents a summary of the General F ~ i i d ,Title I - Special Revenue Fund, Capital Projects Fund and other governmental h n d s by type of expenditures for the fiscal year ended June 30,2010 as compared to June 30,2009. \r\n \r\nTable 7 - Expenditures (in millions of dollars) \r\nL~struction Support services Pupil services Improvement of instructional services Educational media General administration School administration Business admi~istration Maintenance and operation of facilities Student transportaiion Central support Other support services and nutrition Capital outlays Debt service \r\nTotal Expenditures \r\nExcess (deficiency)of revenues over (under) expendihires - See Table 6 \r\nTransfers in Transfers out \r\n \r\nGovernmental Funds \r\n \r\nRestated Increase Percentage \r\n \r\n- 2010 2009 (Decrease) \r\n \r\nChange \r\n \r\nFund Balances, Beginning of Year as restated \r\n \r\n319.84 355.60 \r\n \r\n(35.76) \r\n \r\nFUND BALANCES, End of Year \r\n \r\nDecreases in student transportation and capital outlay due to budget cuts during the current fiscal year. \r\n \r\nAnalysis of Major Funds \r\n \r\nThe School System has three major funds: the General Fund, Capital Projects Fund and the Title I Special Revenue Fund. The General Fund is the general operating fund of the School System and is used to account for all financia1 resources except those funds accounted for In another fund. The Capital Projects Fund is used for the acquisition or construction of major capita1 facilities and to account for the bond proceeds restricted to renovation and school construction. The Title I - Special Revenue Fund is a federal grant used to supplement the general operating find by ensuring students gain knowledge and slulls, as we11 as upgrade the entire educational program for systematic reform. \r\n \r\n General Fund \r\nAs of June 30, 2010, total h n d balance in the General Fund was 5109.73 million, reserved $33.80 million, and $75.93 million in unreserved undesignated. As a result of operations in fiscal year 2010, the fund balance decreased by $48.17 million. For Budget to Actual comparison purposes, the General Fund reported excess expenditures over final budget for the following functions: \r\nGENERAL FUND \r\nInstruction Salaiy \r\nPupil Services Non-Salnry \r\nImprovement of Instruction Non-Salaiy \r\nMaintenance and Operations Salury Non-Salary \r\nStudent Transportation Salary \r\nDebt Service Principle lnleresl \r\nCapital Proiects Fund \r\nAs of June 30, 2010, total .Fund balance in the Capital Projects Fund was $136.89 million. This \r\nbalance included reserves of $136.89 million for Special Purpose Local Option Sales Tax (SPLOST). \r\nThe fund balance decreased by $-12.90 million due primarily to an increase in SPLOST capital expenditures and a decrease in SPLOST revenues. \r\nTitle I - Special Revenue Fund \r\nAs of'June 30,2010, the Title I - Special Revenue Fund has a zero fund balance. Revenues equaled expenditures. This fund is a reimbursable grant. \r\nOther Governmental Funds \r\nAs of June 30, 2010, total fund balance in Other Governmental Funds was 31 1.83 million. This balance included. unreservedldesignated h n d balance of $11.77 million for special revenue find. \r\nCurrent Issues \r\nCurrently known facts: decisions or conditions that are expected to have a significant effect on tbe financial position or resuIts of operations are as follows: \r\nAtlanta Independent School System received Federal American Recovery Reinvestment Act \r\n(AR3.A) funds which helped to offset reductions in State QBE funding. The continued support \r\n \r\n of our schools by the public and by local community organizations and businesses is also an integral part of our ability to educate our students. \r\nContinuing revenue from the Special Purpose Local Option Sales Tax should facilitate our ability to replace and improve existing schools and add additional classrooms. Our operating budget will continue to be tight, as we expect decreased funding from the State of Georgia due to current financial conditions. Despite these challenges, we remain committed to using our financial resources efficiently to provide an exceptional educational experience for our students. \r\nIn February 2008, the Supreme Court of Georgia issued a decision holding that educational ad valorem taxes can only be used for educational purposes. In response, the General Assembly passed Senate Resolution 996, a proposed amendment to the Georgia Constitution permitting Boards of Education to agree to pledge educational ad valorem taxes for redevelopment projects and purposes, and the voters ratified the constitutional amendment by referendum in November 2008. As a result of Senate Resolution 996 and the referendum, House Bill 63 was passed by the General Assembly and became effective April 22, 2010, reenacting the Redevelopment Powers Act. \r\nHowever, in December 2008, a challenge to the use of retroactive educational ad valorem taxes was filed by a taxpayer. In August of this year, the Superior Court issued an order expressly authorizing the City and Atlanta Development Authority (ADA) to transfer to APS for its general purposes all of the Perry Bolton and BeltLine ad valorem tax increment that they had received for tax years up to and including 2009. Pursuant to this order, the City and ADA actually made a transfer of funds to MS. \r\nThe Plaintiffs in the Clark case have initiated two appeals of orders related to the August transfer of funds. Briefing on those appeals is currently under way. APS filed motions to dismiss both appeals on behalf of all defendants other than the Tax Commissioner and will file responsive briefs in December 2010. The City of Atlanta will file briefs on behalf of the District in support of the District's cross appeals. \r\nGeneral Fund Budgetary Highlights \r\nThe School System's budget is prepared by the Finance Division and is a collaborative effort between the School System and the Atlanta community. The basis for preparation utilizes a zerobased approach because it has systematically provided a more accurate account of anticipated spending levels for the year. \r\nDetails of the General Fund original budget and the amended budget are presented on page 51 in the Financial Section of tliis report. \r\nRequests for Information \r\nThis financial report is designed to provide a general ovesview of the School System's finances for all those with an interest in the School System's finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the School System's Chief Financial Officer, 130 Trinity Street SW, Atlanta Georgia 30303. \r\n \r\n Basic Financial Statements \r\n \r\n Atlanta Lndependent School System Statement of Net Assets Junc 30,20 10 \r\n \r\nASSETS Current Assets: \r\nCash and cash equ~valents Restricted cash Investments Taxes rece~vablen, et Due from other governments Other receivables lnternal balances Prepaid expenses and other assets Total current assets \r\nNoncurrent assets: Net pension asset Non-deprec~ablecapital assets Depreciable capltal assets Less: Accumulated depreciation \r\nTotal noncurrent assets \r\nTOT4L ASSETS \r\nLIABILITIES Current liabilit~es: \r\nAccounts payable and other current liabilittes Due to other governments Unearned revenues Current portion of long-term obligations \r\nTotal current liabilities \r\nNoncurrent Ilabll~t~es: Noncurrent portion of long-term obligations \r\nTOTAL LWBlLITlES \r\nNET ASSETS Invested in capital assets, net of related debt Restricted for: \r\nDebt service Cap~talprojects Unrestricted \r\nTOTAL NET ASSETS \r\n \r\nGovernmental Activit~es \r\n \r\nBusiness-type Activities \r\n \r\nTotal \r\n \r\nThe accompanying notes are an integral part of the basic financial statements \r\n \r\n Arlsnm IndependentS~hooSl ystcm Statamemof Aclrvllllr \r\nFo: thc Year Endcd Junc 30.201 0 \r\n \r\nFuntrionslYrogrrms P r i m l y Covcrnmcnt Covernmrnlrl rrlivilh: Iwmrllon Suppon Scrvew Pupd remccs Improvemen: of bnstructtonal services Educalionnl medm Ccnenl ndm~nistratian Schml sdmmniralinn Busnncra ~ d l n l m s t r a l i o n Malnltnanre and opcralion of facllirics Studca mansponnlion Ccn1r;tl suppo\" Comn:unl!y scrvica Othcr supporl scrviccs Entcrpr~soopenllons \r\nTotal B u s h e r r - ~ acclhiticr \r\nTotal School Sysrcm \r\n \r\nErllcnses \r\n \r\nCharge for Scwiees \r\n \r\nOperating Grants and Conn~bulwnr \r\n \r\nGovanmental Aenlx~e~ \r\n \r\nBusims-rnr Acml:!cs \r\n \r\nTOTALS \r\n \r\nT.lxes. Propcrry Taxer levied Tor g ~ n e ~paurlposcs Propcriy Taxes. Levled lordcbl servicc Spccial Local Opt~onSales Tar S: Othcr Taxrr \r\nGrnnts and Conmbut\u003eonsnot rertrictcd io specific progrnrns lnvestnicnt camings Other Gain on sale o f capital assets Tolal Gcncnl rcvenua \r\n \r\n448.92 1.379 1,271,739 \r\n63,438,076 1.306.947 230.484 \r\n10.583.834 897.453 \r\n576.619.012 \r\n \r\nS.202 8,202 \r\n \r\n498.921.379 1.271.739 \r\n63.438.076 1.106.947 23%,686 lO,L83.R1~ S97.453 \r\n576.658.1 Id \r\n \r\nNcl arch .cnd o f year \r\nThe acconlpanying no:es itl.~. on ~nlcgrapl all of l l ~ chasc fmahcial statcrncnu \r\n \r\n ASSETS \r\nCash and cash tquivalc~ils Restricted cash Inves~rnenrs Taxes Rece~vables.net Due from olhcr govcmmcnts Other rccdvables Duc from othcr funds Inlemt receivable Prcpaid ilerns \r\nTOTAL ASSETS \r\nLIABILITIES AND FUND UALANCES \r\nL~ab~lilies Accounts payable and accrued liahililics Reramage payablcs Contracts paysblc Due to other funds Due lo othcr govemn\u003esnls Dcferred tevenuc To~alLiabil~l~es \r\nFund Balalices: Rescrvcd for. \r\nFederal programs Debt service Board action Itcms Rescwed fbr capltill projecls Unreserved/deslgnaled for \r\nLocal programs-Special revcnuc h n d IJnrcserved. undesrpa~ed.rcporled In: \r\nGcncral fund \r\nTowl Fund Balanccs \r\nTOTAL LWBlLlTIES AND FUND BALANCES \r\n \r\nAllanla Independent School Sysvm Balance Sheel \r\nGovemmcl:tal Funds Julre 30. 2010 \r\n \r\nGeneral Fund \r\n \r\nCapr~aPl rojccls Fund \r\n \r\nTitle 1 Fund \r\n \r\nNonmajor Covemmenwl \r\nFunds \r\n \r\nTotal Co\\,crnmen~al Funds \r\n \r\nThe accompanyrng notes are an integral pan of the basic financial ststemenls \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nReconciliation of Governmentat Fund Balance Sheet to the Government-wide Statement of Net Assels June 30,201 0 \r\nTotal Fund balances - rota1 governmental funds \r\nAmounts reponed for governmental aclivites in the Statemen! of Net Assets are different because: \r\nCapital assets used in governmental activities are not financial resources and, therefore are not reporied in the above funds. \r\nCost of capital assets Less: Accumulated depreciation \r\nProperty taxes and sales taxes used in povernmenral activities represents amounts the1 are not iinancial resources and not reported in the above funds. \r\nSales tax Property Taxes receivable Allowance for uncollectible receivables \r\nAccumulated pension contributions in excess of annual required contriburions are reponed as assets for governmental activities. \r\nLong-term liabilities, including capital leases, are not due and payable in [he currc-n~period and therefore are not reported in the above Cunds. \r\nCapiral leases City of Atlanta -Intergovernmental Agreement Education Reform Success Compensated absences Workers compensation \r\nContingent Liabilites - sales tax refund Contingent Liabilites - SPLOST reiund \r\nContingent legal liabilities \r\nNET ASSETS OF GOVERNMENTAL ACTTVITIES \r\nThe accompanying notes are an integral part of the basic financial statements. \r\n \r\n Allanla Indepcndcnt School System Slalcmer~ol f Revenuer,Crpendlturcs and Changes m Fund Balancer \r\nCovann~cnlrtFl unds For Tlrc Year Endcd June 30. 2010 \r\n \r\nREVENUES h n llsxs Sskr tarcr incornc Slslc revenues redenl rcvcnucs l n v ~ ~ l n l clnclrlrnc Fxc~l~re).ntal Xer Tutrton charges Charges for rcwi~cr Othcr \r\nTotal revenues \r\nEXPENDITURES Culrcnl. Ir,slfuclion supporl SCYI~CC:I \r\nI'uptl xrviccs lmprovcmcnl o f insrmclronul srwices ECucbllonn! lmcdiil Gencr~al dtl!inirl:alion School administration Rustness ndrni~lratrution Mamunonce and aprr~tionof fic\u003elil\u003eci S:udcnl lrunsponalion Ce,,aal suppofl 0u;rr sctppon scruiccs Capilal Oullay Dcbc Sc~vicc. Principal Inlcr~,I \r\n \r\nGcncral Fund \r\n \r\nI'apllal Projecls Fund \r\n \r\nT11lc I Fund \r\n \r\nExcess(deficiency) ol'revenuer over/(uodcr) expendi~ms \r\nOTHER FMANCMO SOIJ!KES(USES) Piocecdr from ralc ofcap!laI a w l s Transfer, in Tramfcn oul \r\nTatml01hr.r Psnawtng SourcedUxs) Ner change In (und brlanccs \r\nFund Bnlanccr, Beginntng0rYc.x as a$lalcd FUND RALANCCS. End ofyear \r\n \r\nThe a c c o n p n y n g notcr arc an integral pan i l f l h c bas:c tinsncral slalcnicnla \r\n \r\nNoomqor Go\\rmmcnal Funds \r\n \r\nTo131Gorernmennl funds \r\n \r\n ATLANTA FVDEPENDENT SCHOOL SYSTEM \r\nReconciliation of Governmental Funds Statement oCRevenues, Expenditures and Changes iil Fund Balances To the Government-wide Statement of Activities For the Year Ended June 30.201 0 \r\nTotal Net Change in Fund Balances - Governmental Funds \r\nAmounts reported for Governmental Activities are different because: \r\nGovernmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated usehl lives and reported as depreciation expense. This is the amount by which capital outlays of exceed depreciation of in the current period. \r\nCapital outlays Depreciation expense \r\nThe net effect of various miscellaneous transactions involving disposal of capital assets which decreased net assets. \r\nRevenues reported in the statement of activities that do not provide current financial resources and, therefore, are not reported as revenues in governmental funds. This represents the excess for the fiscal year. \r\nPension contributions in excess of Annual Required Contributions are reported as assets for Governmental Activities. \r\n \r\n(326,925) 3,426,375 1,939,900 \r\n \r\nSome expenses reported i i ~the statement of activities do not require the use of current financial \r\nresources and , therefore, are not reported as expenditures in govemmental funds. The issuance \r\nof long-term debt (e.g., leases, notes) provides current financial resources. \r\n \r\nCapital leases Tntergovemmental agreement - bonds payable Compensated absences Education Reform Success - certificates of participation Contingent Lcgal Liabilitites Contingent Liabilitites - SPLOST refund Workers' compensation \r\n \r\n4,158,63 1 1,026,875 (495,101) \r\n570,000 3,161,500 (29,064,20 1) 1,444,5 17 \r\n \r\n(19,197,779) \r\n \r\nCHANGE IN hET ASSETS OF GOVERNMENTAL ACTIVITIES Tl~eaccompanying notes are an integral part of the basic financial statements \r\n \r\n$ 16,147,128 \r\n \r\n Atlanta Independent School System Statement of Net Assets \r\nProprietary Fund - Food Services \r\nJune 30,2010 \r\nASSETS \r\nCurrent assets: Cash and cash equivalents Due from other governments Other receivables Inventories \r\nTotal Assets \r\nLIABILITIES \r\nLiabilities: Current Liabilities: \r\nAccounts payable and accrued liabilities Due to other funds Unearned revenue Total Liabilities \r\nNET ASSETS \r\nUnrestricted \r\nTotal net assets \r\nTOTAL LIABILITIES AND NET ASSETS \r\nThe accompanying notes are an integral part of the basic financial statements. \r\n \r\n Atlanta Independent School System Statement of Revenues, Expenses and Changes in Net Assets \r\nProprietary Fund - Food Services For the Year Ended, June 30,20 10 \r\n \r\nOperating revenue: Charges for services \r\nOperating expenses: Personnel costs Professional and contract services Supplies and materials Other operating costs \r\nTotal Operating Expenses \r\nOperating Loss: \r\nNonoperating revenues: Grants - Child Nutrition Program Investment Income \r\nTotal Nonoperating revenues: \r\nChanges in net assets \r\nNet Assets Beginning of Year \r\nNET ASSETS, END OF YEAR \r\n \r\n23,222,029 (21,385,117) \r\n \r\n65,688 \r\n \r\n1,972,799 \r\n \r\n$ \r\n \r\n2,038,487 \r\n \r\nThe accompanying notes are an integral part of the basic financ~asltatements \r\n \r\n Atlanta Independent School System Statement of Cash Flows \r\nProprietary Fund - Food Services For the Year Ended June 30, 20 10 \r\n \r\nCash Flow From Operating Activities Cash received from user charges Cash payments to employees for services Cash payments to suppliers for goods and services \r\nNet cash used for operating activities \r\nCash Flows From Non-capital Financing Activities Non-operating grants received \r\nNet cash provided from for non-capital financing activities \r\nCash Flows From Investing Activities Interest on bank accounts \r\nNet cash provided by investing activities \r\nNet change in cash and cash equivalents \r\nCash and cash equivalents, beginning of year \r\nCash and cash equivalents, end of year \r\n \r\n(24,972,569) \r\n20,165,225 \r\n8,202 (4,799,142) \r\n \r\nReconciliation of operating (loss) to net cash provided (used) by operating activities: \r\nOperating (loss) Adjustments to reconcile operating loss to net \r\ncash provided (used) by operating activities: Cornmmodities used \r\nChanges in Assets ancl Liabilities Increase in Accounts Receivables Decrease in liabilities \r\nNet cash used for operating activities \r\nNoncash Non-Capital Financing Activities USDA donated food comn~odity \r\n \r\nS \r\n \r\n(24,972,569) \r\n \r\nThe accompanyng notes are an integral part of the basic financial statements. \r\n \r\n Atlanta Independent School System Statement of Fiduciary Assets and Liabilities \r\nJune 30,20 10 \r\n \r\nAssets: Cash and cash equivalents \r\n \r\nAgency Fund Local School, Club and Class \r\nFunds \r\n \r\nLiabilities: \r\n \r\nDue to local schools and student groups \r\n \r\n$ \r\n \r\n901,214 \r\n \r\nThe accompanying notes are an integral part of the basic financial statements. \r\n \r\n NOTES TO THE BASIC FINANCIAL STATEMENTS \r\n \r\n Atlanta Independent School System \r\nNotes to the Basic Financial Statements \r\nJune 30,2010 \r\nA. Summary o-ISignificant Accounting Policies \r\nThe financial statements of the School System have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) as applicable to government units. The more significant of the School System's accounting policies are summarized below. \r\n1. Reporting Entity \r\nThe Atlanta Independent School System (School System) was established by the Georgia State Legislature and is cornposed of nine publicly elected members serving four-year terms. The School System has the authority to approve its own budget and to provide for the levy of taxes to cover the cost of operations and maintenance and to cover debt service payments. Additionally, the School System has decision-making authority, the power to approve selection of management personnel, the ability to significantly influence operations, and primary accountability for fiscal matters. Accordingly, the School System is a primary government and consists of all the organizations that compose its legal entity. \r\nAs required by generally accepted accounting principles, these financial statements present the School System and its component units, entities for which the School System is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the School System's operations. Therefore, data from these units are combined with data of the School System. \r\nBlended Component Unit Educatiorl Keforrn Success, Irlc., (ERS) (a non-profit corporation) was established by the School Systern for the purpose of providing financing for some of the School System's buildings and equipment. The School System has a voting majority on the Board. ERS has issued certificates of participation (COPS) for the acquisition and construction of facilities and equipment. The COPS are repayable solely from payments made by the SchooI System to ERS under a lease agreement for the related facilities and equipment. Accordingly, the COPS and the related capital assets are reported in the government-wide financial statements. Separate financial statements :orERS arc not prepared. \r\n2. Government-Wide and Fund Financial Staterncnts \r\nThe government-wide financial statements (i.e., the statement of net assets and the statement of activities) report information on all of the non-fiduciary activities of the School System and its component units. The effects of inter-fund activity have been netted in these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, \r\n \r\n are reported separately from bzfsiness-type activities, which rely to a significant extent on fees and charges for support. \r\nThe statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly ~dentifiablewith a specific function or segment. Program revenues include 1) charges to applicants who iise, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segrnent. Taxes and other items not properly included among program revenues are reported instead as general revenues. \r\nSeparate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds are reported as separate columns in the governmental fund financial statements. \r\n3. Measurement Focus, Basis of Accounting, and Financial Statement Presentation \r\nThe government-wide fmancial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund and fiduciary fund financial statements. The agency fund does not have a measurement focus. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. \r\nGovernmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the School System considers revenues to be available if they are collectecl within 30 clays of the end of the fiscal period. The State of Georgia reimburses the School Systern for teachers' salaries and operating costs through the Quality Basic Education Formula Earnings program (QBE). Generally, teachers are contracted for the school year (July 1 - June 30) and paid over a twelve month contract period, generally September 1 through August 31. In accordancc with the respective rules and regulations of the QBE program, the State of Georgia reimburses the School System over the same twelve month period in which teachers are paid, At June 30, the amount of teachers' salaries incurred but not paid until July and August of the subsequent year are accrued. Since the State of Georgia recognizes its QBE liability for the July and August salaries at June 30, the School System recognizes the same QBE as a receivable and revenue, consistent with symmetrical recognition. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expcnditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due. \r\nProperty taxes, sales taxes, intergovernmental revenues and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when cash is received by the School System. \r\n \r\n The School System reporis the following major government funds: \r\nGeneral Fund - The General Fund is the School System's primary operating fund. It \r\naccounts For all financial transactions of the School Systern, except those req-\u0026red to be accounted for in another firld. \r\nCapital Projects Fund - This fund accounts for resoi~rceswhich are used exclusively for acquiring school sites, constructiiig and equipping new school facilities, and renovating existing facilities. The major revenue sources are proceeds from debt proceeds, bond sales, property tax revenue, special purpose local option sales tax revenues, and aiiiounts received from the State of Georgia. \r\nTitle I Special Revenue Fund - This fund was established to account for federal grants passed through the Georgia Department of Education to provide remedial education in the areas of reading and math and to provide a special education program for children who are physically handicapped. \r\nThe School System reports the following major proprietaly -fund: \r\nFood Services Fund - The primary purpose of the Food Services Fund is to account for activities of the School System's school breakfast and lunch programs, which are funded primarily by the United States Department of Agriculture, passed through the Georgia Department of Education. \r\nPrivate-sector standards of accounting and fhancial reporting issued prior to December 1, 1989, generally are followed In bo-th the govemneni-wide and proprietary fimd financial statements to the extent that those standards do not conflict with or contradict guidance of the Governmental Accounting Standards Board. Governments also have the option of following subsequent private-sector guidance for their business-type activities and enterprise funds, subject to this same limitation. The School System has elected not to follow subsequent private-sector guidance. \r\nProprietary fin'ds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. Operating expenses for the enterprises fund includes the cost of sales and services, administrative expenses and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. Proprietary fi~ndsand fiduciary filnds employ the economic resources measurement focus and are accounted for on tlze accrual basis. \r\nThe fiduciary fund accounts for assets held by the School System in a trustee capacity or as an agent on behalf of othcrs. The School System reports the following fiduciary fund: \r\nAgency Fund - This fund is used to account for local school student club and class accounts. It is custodial in nature and does not involve measurement of results of operations. \r\nThe fiduciary fund is excluded from the government-wide financial statements \r\n4. Assets, Liabilities and Net Assets or Equity \r\n \r\n a. Cash Equivalents \r\nThe School System c~iisidersall highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Georgia Laws, OCGA 45-8-i4, authorizes the School System to deposit its funds in one or more solvent banks or insured Federal savings and loan associations. \r\nb. Investments \r\nInvestments made by the School System in nonparticipating interest-earning contracts (such as certificates of deposit) and repurchase agreements are reported at cost. Participating interest-earning contracts and money market investments with a maturity at purchase of one year or less are reported at amortized cost. Both participating interest-earning contracts and money market investments with a maturity at purchase greater than one year and equity investments are reported at fair value. The Official Code of Georgia Annotated Section 3683-4 authorizes the School System to invest its funds. In selecting among options for investment or among institutional bids for deposits, the highest rate of return shall be the objective, given equivalent conditions of safety and liquidity. Funds may be invested in the following: \r\n1) Obligations issued by the State of Georgia or by other states \r\n2) Obligations issued by the United States g o v e m e n t \r\n3) Obligations fuily insured or guaranteed by the United States government or a United States governient agency \r\n4) Obligations of any corporation of the United States government \r\n5) Prime banker's acceptances \r\n6) The Local Government Investment Pool administered by the State of Georgia, Office of Treasury and Fiscal Services \r\n7) Repurchase agre,~ m e n t s \r\n8) Obligations of other political subdivisions of the State of Georgia \r\nc. Receivables \r\nReceivables consist of amounts due from property and sales taxes, grant reimbursements due on Federal, State or other grants for expenditures made but not reimb~irsedand other receivables disclosed f?om information available. Receivables are recorded when either the asset or revenue recognition criteria has been met. \r\n \r\n d. Inventories and Prepaids \r\n \r\nInventories are valued at cost using the first-in, first-out method of accounting. The cosrs of food services fund inventories are recorded as expenditures when consumed (consumption method). Prepaids are payments made to vendors for services that will benefit periods beyond June 30, 2010, are recorded as prepaid items in both government-wide and h n d financial statements. \r\n \r\ne. Capital Assets \r\nCapital assets purchased, including capital outlay costs, are recorded as expenditures in the fund financial statements at the time of purchase (including ancillary charges). On the Government-wide financial statements, all purchased capital assets are valued at cost where historical records are available and at estimated historical cost based on appraisals or deflated current replacement cost where no historical records exist. Donated capital assets are rzcorded at their estimated market value at the date of donation. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not included in the cost of capital assets. The School System does not capitalize book collections or works of art. \r\n \r\nCapitalizati~n thresholds and estimated useful lives of capital assets reported in the government-wide statements and proprietary funds are as follows: \r\n \r\nCapitalization Policy \r\n \r\nEstimated Useful Life \r\n \r\nLand Land Improvements Buildings Building Improvements Furniture and Fixtures Vehicles Eq-uiprnent Capital Leases \r\n \r\nAll $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 S50,OOO \r\n \r\nN/A 10 to 20 years 20 to 50 years 10 to 30 years 3 to 15 years \r\n5 to 8 years 3 to 15 years \r\n3 to 8 years \r\n \r\nCapltal assets donated to proprietary fund type operations are recorded at their estimated fair value at the date of donat~onD. epreciation is computed uslng the straight-line method over the est~lnateduseful life of the assets \r\nf. Compensated Absences \r\nVacation benefits are accrued as a liability as the benefits are earned if the employees' rights to receive salary relatcd compensation are attributable to services already rendered and it is probable that the School System will compensate the employees for the benefits through paid time off or some other means. Amounts of vested or accumulated vacation leave that are not \r\n \r\n expected to be liquidated with expendable available financial resources are reported as longterm obligations in the government-wide financial statements and are not liabilities of the governmental funds. \r\ng. Long-term Obligations \r\nin the governmental-wide financial statements and proprietary fund types in the fund financial statements, long-term debt and other long-te~mobligations are I-eportedas liabilities in the applicable govemr-nental activities or business-type activities statemeni cf net assets. Long-tern debt and other long-term liabilities that will be paid fiom governmental funds are not recognized as a liability in the fund financial statements until due but are reported in the government-wide statements as long-term debt. \r\nh. Fund Equity \r\nIn the fund financial statements, governmental funds report reservations of fund balance for amounts that are not available for appropriations or are legally restricted by outside parties for use for a specific purpose. The following reservations have been established by the School System: \r\nReserved for Capital Projects - resources received from Special Purpose Local Option Sales Tax which has been fonnally set aside for capital projects. \r\nReserved for Debt Service - resources accumulated for future payments of principal and interest on long-term general obligation. \r\nReserved for Board Action /terns - resources of the School System formally set aside for Board approved projects. \r\nReserved for Federal Programs - resources received from various federal agencies that must be spent for specific purposes identified in the grant agreements. \r\nUnreserved/Designated for Local Programs - resources received from state (non-QBE) and local funds for specific purposes. \r\nDesignations of fund balance represent tentative management plans that are subject to change. The School System has made authorized allocation of fund balances for various capital, technology, and operational needs. \r\ni. Net Assets \r\nNet assets represent the difference between assets and liabilities. Net assets invested in capital assets, net of related dcbt consists of capital assets, net of accumulated depreciation, reduced by the outstanding balances of any borrowings used for the acquisition, construction or improvement of those assets. Net assets are reported as restricted when there arc limitations Imposed on their use either through external restrictions imposed by creditors, grantors or laws or regulations of other govemnents. \r\nThe School System applies restricted resources when an expense is incurred for purposes for which both restricted and unrestricted net assets are available. \r\n \r\n j. Use of Estimates The preparation of financial statements in conforinity with GAAP requires management to make estimates and assumptions that affect the amoiints of assets, liabilities, reveme and expenses including the disclosure of contingent assets and liabilities. Actual amounts could differ from those estimates. \r\nWorkers Compensation: \r\nThe School System recognizes in the government-wide statements the liabilities for estimated losses to be incurred from pending worker compensation claims and for worlter compensation claims incurred but not reported (IBNR). B N R claims are estimates of claims that are incurred through the end of the fiscal year but have not yet been reported. These liabilities are based on actuarial valuations. \r\nk. DeferredWneamed) Revenue 'She government-wide financial statements use the accrual basis of accounting. Revenue is recognized when earned. Property taxes are recognized as revenue in the fiscal year for which they are levied. Deferred revenues reported it1 governmental fund financial statements represent unearned revenues or revenues, which are measurable but not available and, in accordance with the modified basis of accounting. \r\nB. Budgets and Budgetary Accounting \r\nAtlanta Independent School System employs zero-based budgeting for budget preparation. The zerobased budgeting process provides for the identification and prioritization of school system activities and resources starting from zero and accumulating to the targeted funding level. Each activity is linked to the goal, objectives and mission of the System and ranked as to its importance. As the proposed budget moves through each level of the organization, program activities and goals are aggregated hrther and ranked again. The final budget produced and presented is one, which includes all program activities ranked in order of importance in reaching the System's mission. Our basis of budget presentation is in accordance with GAAP. \r\nThe School System follows these procedures in establishing the budgetary data reflected in the financial statements: \r\n1. Budget requests are completed in December. \r\n2. Proposed budgets are consolidated and reviewed by the CFO, and submitted to the Superintendent of Schools and Budget Commission for additional review prior to approval by the Atlanta Board of Education. \r\n3. Public hearings on the proposed budget are held in March and April. \r\n4. The annual budget is legally adopted by the Board in May for the General Fund and Special Revenue Funds in June. \r\n \r\n 5 . The administrative level of budgetary conti.01 upon adoption is at the program level. The Atlasta Board of Education must approve revisions betweeri salary and non salary expenditures. Transfer of budgeted amounts between object categories within program functions requires the approval of the budget center manager. \r\n6. Revenues and expenditures of the Capital Projects Fund are budgeted on an annual basis. \r\n7. Education Reform Success (ERS) does not have a legally adopted h d g e t \r\n8. The Atlanta Board of Education approves the budget for the Special Revenue Funds as a whole, which is the legal level of budgetary control (the level at which expenditures may not legally exceed appropriations). The combined Special Revenue Funds budget to actual schedule does not include the Proprietary Fund which is included when provided to the board for approval. \r\nC. Fund DeficitIExcess Expenditures over Appropriations of Individual Funds \r\nThe following funds reported excess expenditures over final budget: \r\n \r\nGENERAL FUND \r\nInstruction Sala ry \r\nPupil Services Non-Salary \r\nlrr~provementof Instruction Non-Salary \r\nMaintenance and Operations Salary Non-Salary \r\nStudent Transportation Salary \r\nDebt Service Principle Interest \r\n \r\nE38,150,90 1 $4,162,799 \r\n \r\nSPECIAL R E V E h m FU!W - COMBINED \r\n \r\nPupil Services Salary \r\nSchool Administration Salary \r\n \r\n$5,227,468 $1 14,102 \r\n \r\nD: Deposits and Investments Risks \r\n \r\nDeposits (Governmental Funds) \r\n \r\nThe School System's cash and investment policy limits deposits to denland and money market accounts and time deposits at local banks. The School System's deposit shall be secured by Federal Depositary Tnsurancc Corporation (FDIC) coverage and /or bank plcdges. State statutes require banks holding public funds to secure the f i ~ n d sby FDIC insurance, securities pledged at par value, and surety bonds at facc value in combined aggregate totaling not less than 110 percent of the public funds held. State statutes define acceptable security for collateralization. Georgia Fund 1, created by OCGA 36-83-8, is a stable net asset value investment pool which follows Standard and Poor's criteria for AAAm rated money market funds. However, Georgia 1 Fund operates in a manner consistent with Rule 2a-7 of the Investment Company Act of 1940 and is considered to be a 2a-7 like pool. The pool is not registered with the SEC as an \r\n \r\n investment company. The pool's primary objectives are safety of capital, investment income, liquidity and diversification while maintaining principal ($1 .OO per share value). Net asset value is calculated weekly to ensure stability. The pool distributes earnings (net of management fees) on a monthly basis and determines participant's shares sold and redeemed based on a $1.00 per share value. The fair value of the School System's position in the pool is the same as the value of pool shares ($1 per share value). The regulatory oversight agency for Georgia Fund 1 is the Office of Treasury and Fiscal Services of the State of Georgia. \r\nFunds included in this Pool are not required to be collateralized. The fair value of the School System's position in the pool approximates the value of the School System's pool shares. Credit risk, value, and interest risk at June 30, 2010 are as follows: \r\n \r\nCredit Risk AAAm rated \r\n \r\nValue $22,057,425 \r\n \r\nInterest Risk 46 day WAM \r\n \r\nThe School System classifies its investments in Georgia Fund I as cash and cash equivalents \r\n \r\nCategorization of Deposits \r\n \r\nAs of June 30, 2010, all of the School System's deposits were covered either by FDIC or collateralized by the financial institution or a combination of both. \r\n \r\nCategorization of Investments \r\nThe School System's investments as of J u e 30, 2010, are presented below. A!I investments are presented by investment type and debt securities are presented by maturity. \r\n \r\nInvestment T w e \r\n \r\nFair Value \r\n \r\nInvestment Maturity Less than One Year \r\n \r\nDebt Securities U.S. Agencies Implicitly Guaranteed: FNMA, FHLM, FI-ILB Discount Notes \r\n \r\n99,490,700 \r\n \r\n99,490,700 \r\n \r\nRepurchase Agreements \r\n \r\nOther Investments Certificates of Deposits U.S. Treasury Money Market Mutual Fcnds (Open End) - cash equivalents \r\nGeorgia Fund 1 - Cash Equivalents \r\nTotal Investments \r\n \r\n4,999,863 \r\n \r\n4,999,863 \r\n \r\n60,970,9 14 22,057,425 257,s 18,902 \r\n \r\n60,970,9 14 22,057,425 257,5 18,902 \r\n- - \r\n \r\n Investment Reconciliation \r\n \r\nGeneral Fund Investments Capital Projects Investments Georgia Fund I = Cash Equivalents \r\n \r\nTotal Investments \r\n146,040,335 89,421,142 22,057,425 \r\n \r\nReclass to Cash and Cash Equivalents \r\n(84,045,585) (63,922,782) (22,057,425) \r\n \r\nInvestments on Balance Sheet as of June 30,2010 \r\n6 1,994,750 25,498,360 \r\n \r\nInterest Rate Risk Interest rate risk is the risk that changes in interest rates of debt investment will adversely affect the fair value of an investment. The School System's investment management policy limits investment matmities to 3 years as a means of managing its exposure to fair vaiue losses arising from increasing interest rates. \r\n \r\nCustodial Credit Risk Custodial credit risks for investments, is the risk that in the event of the failure of the counterparty, the School System will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. Because of the collateralization requirements, the School System has no custodial credit risk for its investments. \r\nClredit Quality Risk Credit quality risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The School System's policy for managing credit quality risk related to community bank certificates of deposits and repurchase agreements states such investments will only be purchased through banks having at least an AA rating. \r\nThe investment policy states Repurchase Agreements may only be purchased from a financial institution that has short-term ratings of AA or higher by Standard \u0026 Poor's (S\u0026P) or Aa2 by NLoody's. \r\nThe investments subject to credit quality risk are reflected below: \r\n \r\nRated Debt Tnstrurnents \r\nU.S. Treasury Money Market Mutual Funds Georgia Fund 1 - Cash Equivalents Debt Sccurities U S Agenc~es \r\nTmplictly Guaranteed \r\nFNMA, FHLM, FHLB D~scounNt otes \r\nCertificates oPDepos~ts Repurchase Agreements \r\nTotal by Quality Rat~ng \r\n \r\nFair Value \r\n \r\nQuality Ratings \r\n \r\nAAA \r\n \r\nA l \r\n \r\n99,490,700 4,999,863 70,000.000 257,s 18,902 \r\n \r\n99,490,700 N/A \r\n182,5 19,039 \r\n \r\nNIA 70,000,000 70,000,000 \r\n \r\n Concentration of Credit Risk \r\nConcentration of credit risk is the risk of loss that may be attributed to the magnitude of a government's investment in a single issuer. The School System does have a policy concerning the composition of its investmznt portfolio and is in compliance with its investment policy. \r\nThe investment policy establishes, the following eligible investments individually are not to exceed the following corilposition in the portfolios of the General Fund and Capital Projccts Fund: \r\n \r\nU.S. Treasury Bills Federal Agencies (No more than 40% per issuer) Repurchase Agreements State of Georgia - Georgia Fund 1 Bank Special Purpose Money Market Funds Commercial Paper Certificates of Deposit \r\n \r\n100% 65% 3 0% 25% 25% 20% 10% \r\n \r\nInvestments in any one issuer that represents 5% or more of the total investments were as follows as of June 30,2010: \r\n \r\nIssuer \r\n \r\nInvestment Type \r\n \r\n% of Total Investments \r\n \r\nTri Party Repo Ageement BOFA Government Reserves Capital US MONEY MARKET- Georgia Fund 1 Federal National Mortgage Association Federal Home Loan Mortgage Corporation Federal Home Loan Bank Financial Institutions \r\n \r\nRepurchase Agreement Money Market Funds Money Market Funds Federal Agency Securities Federal Agency Securities Federal Agency Securities Certificates of Deposits \r\n \r\nForeign Currencv Risk \r\n \r\nForeign currency risk is the risk that changes in exchange rates will adversely affect the fair value of an investment or deposit. Foreign investments are prohibited by law in Georgia. \r\n \r\nE. Due from Other Governments \r\n \r\nDue from other governments conslsts of grant reimbursements due primarily Gom the Georgia Department of Education for expenditures made, but not yet reimbursed and amounts due from City of Atlanta for bonds issued and unspent tax collections, collected and held by the City of Atlanta on behalf of the School System. \r\n \r\n F. Property Taxes and Other Receivables \r\n \r\nProperty taxes are normally levied and billed by July 1, based on property values assessed as of January 1, on all real and personal property located within the City of Atlanta. Property taxes were billed on August 15, 2010. Property taxes will be due October 15, 2010 at which time they become delinquent and penalties and interest may be assessed and liens may be attached to property. An allowance has been established for estimated amounts that will not be collected. The School System considers revenues to be available if they are collected within 30 days of the end of the current fiscal year. \r\n \r\nGeneral Fund \r\n \r\nProperty Taxes \r\nReceivable \r\n27,820,682 \r\n \r\nAllowance \r\nfor Uncollectible \r\n \r\nNet Property Taxes Receivable \r\n \r\n(9,987,555) \r\n \r\n17,833,127 \r\n \r\nGeneral Fund \r\n \r\nOther \r\nReceivable 878,833 \r\n \r\nA!lowance \r\nfor Uncollectible (450,000) \r\n \r\nNet other Receivable \r\n428,833 \r\n \r\nCapital Projects Fund \r\n \r\nSPLOST Tax \r\nReceivable \r\n12,464,357 \r\n \r\nAllowance \r\nfor Uncoliectible \r\n \r\nNet SPLOST Tax Receivable \r\n12,464,357 \r\n \r\n G. Capital Assets \r\nThe following is a summary of changes in the Capital Assets during the fiscal year: \r\n \r\nGovernmental activities: Land Construction in Progress \r\n \r\nChange in \r\n \r\nRestated \r\n \r\nBeginning Accounting Betuning \r\n \r\nUecreasa \u0026 Ending \r\n \r\nBalance Entity Balance (see NoteR) Increases Transfers Balance \r\n \r\nTotal iYon-Depreciable Assets \r\n \r\nBuildings Buliding lmprovements Land improvements Eqilipmenl Furniture \u0026 Fixlures Vehicles Charter Schools Tolal Depreciable assets \r\n \r\nTotal at historical cost \r\n \r\nless Accumulated Depreciation Buildings Buliding improvements Land improvements Equipment Furniture \u0026 Fixbra Vehicles Charter Schools \r\n \r\nTotal accumulated deprecialion \r\n \r\n261,384,860 (2,328,280) \r\n \r\n259,056,580 29,202,128 (1,550,044) 286,708,664 \r\n \r\nGovernmental activities capital assets, net l,C111,977,926 (4,145,530) \r\n \r\n1,007,832:396 202,720,002 (1 11,352,553) 1,099,199,845 \r\n \r\n Depreciation expense was charged to governmental functions as follows: \r\n \r\nInstruction \r\n \r\nS 24,233,507 \r\n \r\nSupport Services \r\n \r\nPupil Services \r\n \r\n140,376 \r\n \r\nEducational Media \r\n \r\n41,457 \r\n \r\nBusiness Administration \r\n \r\n1,074,726 \r\n \r\nMaintenance and operation of facilities \r\n \r\n109,514 \r\n \r\nStudent transportation \r\n \r\nTotal \r\n \r\nH. Long-term Debt \r\n \r\nCapital Leases \r\nThe School System has entered into various equipment lease agreements. These lease agreements qualify as capital leases for accounting purposes and, therefore, have been recorded at the present value of the future minimum lease payments as of the date of inception. \r\n \r\nIn 2008, the School System entered into a lease agreement for the purchase of various capital assets in the amount of $20,000,000. These leases were advanced funded. As of June 30, 2010, all the advance funds have been used to purchase capitalized assets. \r\n \r\nThe capital assets acquired through capital leases are as follows: \r\n \r\nBuses \r\n \r\nAsset \r\n \r\nGovernmental Activites \r\n$ 11,136,550 \r\n \r\nLess: Accumulated depreciation Net Capital Assets \r\n \r\nThe following is a schedule of the future minimum lease payments under capital leases and notes payables and the total present value: \r\n \r\nFiscal year Ending Total rnlnlmuln payments \r\n \r\n201 1 2032 2013 2014 2015 20 16-2020 \r\n \r\nGovernmental Activites 4,83 1,055 2,129,354 2,129,354 1,470,357 1,470,357 3.770,186 15,800,663 \r\n \r\nLess: Amount representing lntcrest \r\n \r\n(1,802,167) \r\n \r\nPresent value o f ~ n i n i m u mpayments \r\n \r\n$ \r\n \r\n13,998.496 \r\n \r\n In FY2009, the School System increased its capitalization threshold fiom $5,000 to $50,000. Some assets purchaseti .were less than the threshold an'd therefore are not reflected in the net capital assets shown above. \r\n \r\nIntergovernmental Agreemen1 \r\nOver the years, the City of Atlanta has issued various annual general obligation bonds and general obligation refunding bonds on behalf of the School System. The debt service for the bonds has been funded through the School System's bonded debt portion of the annual tax levy. The bonded debt portion of property taxes collected by the City on behaif of the School System is retained by the City and used to pay the annual debt service on the outstanding bonds. The debt service payments are calculated using assumptions and estimates based on inhrmaiion available. As of June 30, 2010, $1,868,741 is available and held by the City. \r\n \r\nGeneral Obligation Bonds currently outstanding at the City of Atlanta on behalf of the School System are as follows: \r\n \r\nPurpose Governrnerltai activities \r\n \r\n- Interes- t Rate 3-5% \r\n \r\nIn prior fiscal years, the City of Atlanta School System defeased certain bonds by placing funds in an irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the trust account assets and the iiability for the defeased bonds are not included in the School System's basic financial statements. At June 30, 2010, $64,580,000 of bonds is outstanding and is considered defeased. \r\n \r\nI. Loalg-Term Obligations \r\n \r\nChanges in long-term obligations during the fiscal year ended June 30,2010, were as follows: \r\nI. Long-term Obligations \r\n \r\nGovernmental actlvltles: \r\n \r\nLong-term debt \r\n \r\nCapital leases \r\n \r\n$ \r\n \r\nCapital leases - Chaner Schools \r\n \r\nIntergovernmental agreement- \r\n \r\nCity of Atlanta \r\n \r\nEducatrot~Reform Success, Inc (COPS) \r\n \r\nTotal long-term debt \r\n \r\nBeginning Balance \r\n18,157,127 $ 98,26 I \r\n20,488,750 9,565,000 48,309,138 \r\n \r\nChange in Reoon~neE n t m \r\n- \r\n(98,261) \r\n(98,261) \r\n \r\nBalance as restated (Note R) \r\nS 18,157,127 S \r\n20,488,750 9,565,000 48,210,877 \r\n \r\nAdd~tions Deductions \r\n \r\nEnding Balance \r\n \r\nAmounts Due withln One Year \r\n \r\n- $ (4,158,631) $ 13,998,496 $ 4,316,491 \r\n \r\n(1,026,875) (570,000) \r\n(5,755,506) \r\n \r\n19,46 1,815 8,995,000 42,455.371 \r\n \r\n1,022,875 595,000 \r\n5,934.366 \r\n \r\nOther long-ten11liabilities Notes payable - Charter Schools Ccmpensated absences Contingent legal liabilitites Contingent liabilit~es-sales tax refund Contingent liabilities - SPLOSJ refurid Workers' compensation Total other long-tern liabilities \r\n \r\n1,526,GG1 5,308,512 5,752,655 \r\n7,826,556 20,4 14,384 \r\n \r\n(1,526,66 1) (1,526,66 1) \r\n \r\n5,308,5 12 5,752,655 \r\n7,826,556 I 8,887,723 \r\n \r\n2,857,774 \r\n2,526,157 29,064,201 \r\n1.13 1,413 35.579,546 \r\n \r\n(2,362,673) (3,161,500) \r\n- \r\n(2,575,93 1) (8,100,104) \r\n \r\n5,803,613 2,591,155 2,526,157 29,064,201 6,382.039 46,367,165 \r\n \r\n2,604,869 \r\n2,526,157 \r\n2,312,615 7,443,641 \r\n \r\nTotal long-term obllgat~ons \r\n \r\nS 68,723.522 S (1,624,922) $ 67,098,600 S 35,579,546 3 (13,855,610) S 88,822,536 S 13,378,007 \r\n \r\nNote: The General Fund has been typically used to liquidate the l ~ a b ~ lf~otrycompensated absences, contingent llabllit~esand worker's compensation \r\n \r\n At June 30, 2010, payments due by fiscal year, which includes principal and interest for these items, are as follows: \r\n \r\nFiscal Year Ending \r\n \r\nCapital Leases Pr~ncipal \r\n \r\nlnterest \r\n \r\nIntergovernmental Agreements \r\n \r\nC ~ t yof Atlanta \r\n \r\nPrincipal \r\n \r\nInterest \r\n \r\nEducation Reform Success, Inc. \r\n \r\nCertificates of Participation \r\n \r\nPrincipal \r\n \r\nInterest \r\n \r\nTotal Principal and Interest $ 13,998,496 $ 1,802,167 % 19,461,875 $ 7,542,811 $ 8,995,000 $ 2,591,468 \r\n \r\nJ. Inter-fund Receivables and Payables \r\n \r\nInter-fund receivables and payables net balances as of June 30, 2010 are as follows: \r\n \r\nDue from other funds \r\n \r\nDue to other funds \r\n \r\nGovernments Funds \r\n \r\nGeneral Fund \r\n \r\n$ \r\n \r\n- $ 19,276,370 \r\n \r\nCapital Projects Fund \r\n \r\n32,663,483 \r\n \r\nTitle I Fund \r\n \r\n18,279,802 \r\n \r\nNonmajor Governmental Funds \r\n \r\n1 1,034,442 \r\n \r\n3,5 19,436 \r\n \r\nBusiness- Type Fund Food Service Fund \r\n \r\nDuring the course of its operations, the School System makes transfers between funds to finance operations, provide services: and acquire assets. To the extent that certain transfers among funds had not been received as of year-end, balances of inter-fund amounts receivable or payable have been recorded. It is management's intent to repay inter-fund balances within the next fiscal year. \r\n \r\n K. Inter-fund 'Transfers \r\n \r\nTransfers within the governmental funds for the year ended June 30,2010 are as follows: \r\n \r\nGovernmental funds: General Fund C-a-r.ital Projects Fund \r\nNonmajor Governmental Funds \r\n \r\nTransfers In \r\n \r\nTransfers \r\nOut \r\n \r\nTransfers are used to move local funds from the General Fund to the Capital Projects Fund to fund construction projects and are used to fund deficit h ~ badlances in the Noniajor governmental finds. \r\nL. Risk Management \r\nThe School Systern is exposed to various risks of losses related to torts, theft of, damage to, and destruction of assets; errors and omissions; injuries to employees and natural disasters. The School System is self-insured for workers' compensation claims and unemployment compensation. The School System purchases commercial insurance in amounts deemed prudent by management for a11 other risks of loss. Settled claims have not yet exceeded purchased commercial insurance coverage in any of the past three years. \r\n-Unemployment Compensation: The School System is self-jnsured for unemployment compensation. The State bills the School System quarterly for the outstanding claims and the School System pays the claims at that time. Changes in the unemployment compensation claims liability during the last two fiscal years are as follows: \r\n \r\nBeginning of Year LiabiIity \r\n \r\nFiscal year 2009 $ \r\n \r\n- \r\n \r\nFiscal year 2010 $ \r\n \r\n- \r\n \r\nClaims and Changes in Estimates \r\n \r\nClaims Paid \r\n \r\nEnd of Year Liability \r\n \r\n3 \r\n \r\n306,811 $ (306,811) S \r\n \r\nS \r\n \r\n519,930 $ (519,930) $ \r\n \r\nWorkers' compensation: The School System is fully self-insured for workers' compensation claims of its cmployees. The School System accounts for claims within the General Fund wit11 expenditures and liabilities being reported when it is probable that a loss has occurred and the amount of that loss can be reasonably estimated. An accrued liability for the estimated costs of claims and related settlement costs incurred but not paid and/or reported as of year-end is reported on the governmental activities financial statements. The calculation of the present value of hture workers' compensation liabilities is based \r\n \r\n on a discount rate of 3.5%. Changes in the claims liability during the last two fiscal years are as follows: \r\n \r\nBalance at Beginning of Year \r\n \r\nClaims and Changes in Estimates \r\n \r\nClaim Payments \r\n \r\nBalance at End of Year \r\n \r\nFiscalyear2009 $ 5,409,473 $ 4,991,248 $ (2,574,165) $ 7,826,556 Fiscal year 2010 $ 7,826,556 $ 1,131,414 $ (2,575,931) $ 6,382,039 \r\n \r\nM. Nonmonetary Transactions \r\nThe School System received from the United States Department of Agriculture through the Georgia Department of Education approximately $ 1,269,229 in donated food commodities for its lunchroom programs. The federally assigned value of these commodities is reflected as revenue and expense in the Food Services Fund financial statements. \r\nN. On-behalf Payments for Fringe Benefits \r\nThe School System has recognized revenues and expenditures in the amount of $708,723 for health insurance and pension costs paid by the Georgia Department of Education to the State Merit System of Personnel Administration for non-certified personnel on the School System's behalf. \r\n0. Retirement Plans \r\nTeachers Retirement System of Georgia (TRS) \r\nPlan Description \r\nSubstantially all teachers, administrative and clerical personnel employed by local school systems of the State of Georga are covered by the Teachers Retirement System of Georgia (TRS), which is a cost sharing multiple employer public employee retirement system sponsored by the State of Georgia. Most School Systems' employees participate in TRS. \r\nTRS provides service retirement, disability retirement, and su~vivor'sbenefits for its members. A member is eligible for service retirement after 30 years of creditable service, regardless of age, or after 10 years of service and attainment of age 60. A member is eligible for early retirement after 25 years of creditable service. Early retirement benefits are reduced by the lesser of 1/12 of 7% of each month the member is below age 60, or by 7% of each year or fraction thereof by which the member has less than 30 years of service. \r\nNorma1 retirement benefits paid to members are ec~uaIto 2% of the average of the member's two consecutive highest paid years of serv~cemultiplied by the number of years of cred~tableservice up to 40 years. The normal retirement pension is payable monthly for life. Options are availabIe for distribution of the member's monthly pension at a reduced rate to a designated beneficiary on the member's death. \r\n \r\n Retirement benefits also include death and disability benefits whereby the disabled member or surviving spouse is entitled to receive annually an amount equal to the member's service retirement benefit or disability retirement, whichever is greater. The benefit is based on member's creditable service (minimum of 10 years) and cornpeiisation up to the date cif death. \r\nThe TRS Board of Trustees has the authority to establish and amend benefit provisions of the pension plan under Title 47, chapter 3. TRS issues a publicly available financial report that includes financial statements and required supplementary information for the Pian. That report may be obtained by calling 404-352-6560 or by accessing iheir website at www.trsga.com. \r\nFunding Policy \r\nEmployees of the School System who are covered by TRS are required to pay 5.25% of their gross earnings to TRS. The School System makes monthly employer contributions to TRS at rates adopted by the TRS Board of Trustees as advised by their independent actuary. The employer contribution rate is 9.74% at June 30,2010. \r\nTotal actual and required contributions were as follows (the School System contributed 100% of the annual required contribution): \r\nSchool System Employees \r\nCity of Atlanta General Employees Pension Plan \r\nPlan Description \r\nAll permanent employees of the School System who are not covered under the TRS are eligible to participate in the City of Atlanta General Employees' Pension Plan (the \"Plan\"). In addition, certain School System employees employed prior to July 1, 1979, also participate in the Plan. \r\nThe Plan provides retirement and disability benefits, annual cost-of-llving adjustments, and death benefits to plan members and beneficiaries. The Plan is an agent multiple-employer pension plan administered by a Board of Trustees, which includes the Mayor of the City of Atlanta or designee, the City's Chief Financial Officer, one member of City Council, one member of the School System, one member elected by eligible employees of the City, one member elected by ellgible employees of the School System, one member elected by retired employees of the School System and one member elected by retired employees of the City. The Board of Trustees has the authority to establish and amend the benefit provisions of the Plan. \r\nOn December 12,2005, the School System adopted the following changes to the Plan: \r\n1. 10 year vesting; 2. 2.5% benefit multiplier (capped at 80%); and \r\n \r\n 3. Unreduced retirement at 30 years of service regardless of age. \r\nThe Plan issues a publicly available financial report that includes financial statements and required supplementary informatioil for the Plan. The report may be obtained by writing or by calling the Plan at: \r\nCity of Atlanta General Employees Pension Plan 68 Mitchell Street Atlanta, GA Telephone Number: (404) 330-6000 \r\nThe Plan provides retirement benefits that, initially, are 2% of the employee's highest average monthly base compensation over any 36-month period. A participant may retire at age 65 or, after 15 years of service, at age 60. Cost-of-living increases are awarded annually, u p to a 3% maximum increase. Partial vesting percentages based on years of creditable service and provisions for earIy retirement are included in the Plan. Benefits also may be payable at termination, deatli, or disability. \r\n \r\nThe School System's membership in the Plan as of July 1, 2009 is as follows: \r\n \r\nActive employees Inactive members Retirees and beneficiaries \r\nTotal membership \r\n \r\n974 43 2,362 \r\n3,379 \r\n \r\nMethod Used to Value I~vesimenis \r\nInvestments are stated at fair value. Fair value of Plan assets at July 1, 2009 was $101,3 15,675. \r\nFunding Policy and Annzlal Pension Cost \r\nThe School System's finding policy is to contribute a percentage of covered employee payroll as \r\ndeveloped in the actuarial valuation for the Plan. Obligations to contribute to the Plan are established by the Board, subject to minimum financing standards established by the State of Georgia. \r\nActive participants are required to contribute 7% of pay (8% if participant has a covered beneficiary or is married). 'The School System's contribution percentage is the actuarial determined amount necessary to fund ?Ian benefits after consideration of employee contributions. \r\nThe actuarial detcrmlned contribution amount is the sum of the annual normal cost (determined under the entry age normal actuarial cost mcthod) and the amortization of the unhnded actuarial accrued liability as a level percentage of fbture payrolls (over 40 years from January I , 1979) The rema~ningamortization period is closcd 16.5 years remaining as of July 1, 2009. The most current valuation reflects a change in the Plan year from January I , through December 3 1 to July I , to June 30. \r\nThe Plan's annual pension cost for the current year, based on actuarial valuations perfomled as of July I , 2009 and related information for the Plan is as follows: \r\n \r\n Contribution rates as a percent of covered payroll: \r\nEmployee Employer \r\nAnnual required contribution Employer contributions made \r\nActuarial valuation date \r\nActuarial cost method \r\nAmortization method \r\nActuarial assumptions: Investment rate of return Projected salary increases: \r\nInflation Merit or seniority and productivity Post retirement benefit increases \r\n \r\n7/1/2009 Entry age normal Level % of payroll \r\n8.0% per year 3.O% per year 4.5% per year \r\nN/ A \r\n \r\nThe asset valuation method used is the actuarial value from the prior year plus net new money plus 20% of the asset appreciatioddepreciation for the current yeas and each of the prior four years. \r\n \r\nThree-'Year Trend Infolmation is as follows: \r\n \r\nYear 2008 \r\n \r\nAnnual Pension Cost (APC) \r\n$39,407,53I \r\n \r\n% of \r\nAPC Contributed \r\n138% \r\n \r\nNet Pension (Asset)/Obligation \r\n($4,842,347) \r\n \r\nNet Pension Asset - The School System's actuarially required contribution, pension cost, and increase in the beginning net pension asset for the year ended June 30, 2010, were computed as follows: \r\n \r\n Actuarially required contribution Interest on net pension asset ARC adjustment Annuai pension cost \r\nActual contributions made \r\nIncrease in net pension asset \r\nNet pension asset, June 30,2009 \r\nNet pension asset, June 30, 2010 \r\n \r\n$ \r\n \r\n43,584,939 \r\n \r\n(58 1,804) \r\n \r\n556,965 \r\n \r\n43,560,100 \r\n \r\n(45,500,000) \r\n \r\n1,939,960 \r\n \r\n7,272,550 \r\n \r\n$ \r\n \r\n9,212,450 \r\n \r\nPlan Funded Status - The School System's funding status based upon the most recent actuarial valuation is as follows: \r\n \r\nActuarial Valuation \r\nDate 7/1/2009 \r\n \r\nActuarial \r\nValue of Assets* (a) $1 12,295,208 \r\n \r\nActuarial \r\n \r\nAccrued \r\n \r\nLiability \r\n \r\nUnfunded \r\n \r\n(AAL) \r\n \r\nA AL \r\n \r\nEntry Age \r\n \r\n(UAAL) \r\n \r\n(b) \r\n \r\n(b-a) \r\n \r\n$644,788,188 $532,492,980 \r\n \r\nFunded Ratio (db) \r\n17.42% \r\n \r\nCovered Payroll \r\n(c) $29,404,892 \r\n \r\nU A AL use as a Percentage of Covered Payroll ((b-a)/c) \r\n181 0.90% \r\n \r\nThe schedule of funding progress, presented as RSI following the notes to the financial statements, presents multi-year trend inforrnation about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liability for benefits. \r\nActuarial valuations involve estimates of the value of reported amounts and assumptions about the probability of events far into the future, and actuarially determined amounts are subject to continual 8.evision as results are comparcd to past expectations and new estimates are made about the hture. \r\nActuarial calculations reflect a long-term perspective. Calc~lati~onasre based on the substantive plan in effect as of July 1,2009. \r\nP. Post Employment Benefits \r\nGeorgia Retiree Health Benefit Fund \r\nPlan Description. The Georgia School Personnel Post-employment Health Benefit Fund (School OPEB Fund) is a cost-sharing multiple-employer defined benefit postemployrnent healthcare plan that covers eligibIe former employees of public school systems, libraries and regional educational \r\n \r\n service agencies. The School OPEB Fund provides health insurance benefits to eligible former employees and their qualified beneficiaries through the State EmpIoyees Health Insurance Plan administered by the Georgia Department of Community Health. The Official Code of Georgia Annotated (OCGA) assigns the authority to establish and amend the benefit provisions of the group health plans, including benefits for retirees, to the Board of Community Health (Board). The Georgia Department of Community Health issues a publicly available financial report that includes financial statements and required supplementary information for the School OPEB Fund. That report may be obtained from the Georgia Department of Community Health at 2 Peachtree Street, Atlanta, Georgia 30303. \r\nFunding Policy. The contribution requirements of Plan members and participating employers are established by the Board in accordance with the current Appropriations Act and may be amended by the Board. Contributions of Plan members or beneficiaries receiving benefits vary based on Plan election, dependent coverage, and Medicare eligibility and election. On average, Plan members pay approximately twenty-five percent (25%) of the cost of health insurance coverage. \r\nParticipating employers are statutorily required to contribute in accordance with the employer contribution rate established by the Board. This contribution rate is established to fund all benefits due under the health insurance plans for both the active and retired employees based on projected pay-as-you-go financing requirements. Contributions are 1101: based on the actuarially calculated annual required contribution (ARC) which represents a level of funding that, if paid on an on-going basis, is projected to cover normal cost each year and amortize any unhnded actuarial liabilities (or funding excess) over a period not to exceed thirty years. \r\nThe employer contribution rates for the combined active and retiree plans for the fiscal year ended June 30, 20 10, were as follows: \r\n \r\nCertified Employees \r\n \r\nJuly 2009-August 2009 \r\n \r\n18.534%of state-based salaries for August \u0026 September coverage \r\n \r\nSeptember 2009 - November 2009 14.492%of state-based salaries October - December coverage \r\n \r\nDecember 2009 - June 20 10 \r\n \r\n18.534%of state-based salaries for January - July covera,ge \r\n \r\nNon-Certificated Employees \r\n \r\n$162.72per month \r\n \r\nThe School System's contribution to the health insurance plans for the fiscal years ended June 30, 2010, June 30, 2009, and June 30, 2008 were S 38,330,627, 530,600,143, $34,489,793 respectively, and which equaled the required contributionIannua1 OPEB cost. \r\n \r\nQ. Commitments and Contingencies \r\nConstruction Commitments The School System has active construction projects as of June 30, 2010. The projects relate to construction and renovation of school buildings. At year-end, the School System's commitments with contractors were $40,462,7 11. \r\n \r\n tiligation and Other Contingencies \r\nThe School System is a defendant in various lawsuits, which arose, in the ordinary course of its activities. The School System believes its liability in these matters is $2,591,155. \r\nAmounts received or receivable principally from the Federal government are subject to audit and review by grantor agencies. This could result in requests for reimbursement to the grantor agency for any costs which are disallowed under grant terms. The School System believes that such disallowances, if any, will be immaterial to its overall financial position. \r\nThe School System is a recipient of SPLOST revenues. The Georgia Department of Revenues performs audits of vendors and refunds may become due. The School System believes its liability in this matter is $2,526,157. \r\n \r\nR. Restatements - Change in Accounting Entity \r\nA component unit that provides benefit to outside parties does not qualifjl for blending pursuant to GASB Statement 14 paragraph 53b. Charter schools do not serve Atlanta Public Schools as an administrative entity. Rather, they provide benefits to students who reside with the Atlanta Public School's district. Charter schools were previously included in the financial statements as blended component units. Upon calculation of these potential component units as dscreetly presented, it was determined that they were not material to the reporting entity and thus are no longer included in the financia? statements. Due to this change in acccunting entity, a restatement of the June 30, 2009 net assets is required. June 30, 2009 net assets have been adjusted as shown below: \r\n \r\nGovernmental activities net assets as previously reported \r\nChange in Reporting Entity - Charter schools: change in current assets and revenues change in curxent liabilities arid expenses capital assets, net of accilrnulated depreciation !ong-term debt \r\nGovernmental activities 2009 net assets restated \r\n \r\n$ 1,287,267,432 $ 1.280.735.733 \r\n \r\nAdditionally, due to this change in accounting entity, a restatement of the June 30, 2009 fund balance for non major governmental funds is rcquircd. June 30,2009 fund balance has been adjustcd as shown below: \r\n \r\n NonMajor Governmental Funds \r\nFund Balance, June 30,2009, as previously reported \r\nChange in reporting entity - Charter Schools: change in assets and revenues change in liabilities and expenditures \r\nFund Balance, June 30, 2009, restated \r\n \r\nAETC was discretely presented for 2009. Due to a change in the contract and as determined by criteria in GASB 14, it is no longer a component unit. Due to this change in accounting entity a restatement of the June 30, 2009 net assets is required. June 30, 2009 net assets have been adjusted as shown below: \r\n \r\nDiscretely presented component unit net assets as previously reported \r\nChange in Reporting Entity - Component Unit - AETC change in assets and revenues change in liabilities and expenses Capital assets, net of accumulatecl depreciation \r\nDiscretely presented component unit 2009 net assets, restated \r\n \r\n$ 7,066,847 \r\n(7,435,264) 757,780 (389,363) \r\n$ \r\n \r\nS. New Accounting Pronouncements \r\nGASB Statement (Statement No. 5 1) was irnplernented during the current fiscal year. GASB 5 1 was issued in June 2007 to reduce inconsistencjes in fmancial reporting and provides needed guidance on how to identify, account for, and report intangible assets. \r\nGASB 5 1 defines an intangible asset as an asset that possesses all of the following characteristics: -Lack of physical substance; -1Vonfinancial in nature; and -A useful life extending beyond a singIe reporting period. \r\nGASB Statement 51 requires those intangible assets to follow the disclosure requirements of capital assets. \r\n \r\n T. Pollution Remediation Obligations \r\nGASB Statement No. 49, Accounting and Financial Reporting for Pollution Remediation Obligations, establishes accounting and financial reporting criteria f a liabilities that address current or potential detrimental effects of existing poiiution by participating in pollotion remechation activities. -When one of five obligating events identified by the GASB occurs, the compcjnents of the expected pollution remediation outlays iiil~stbe estimated and a determination made whether the outlays should be accrued as a liability or capitalized when goods and servlces are acquired, as appropriate. Pollution rcmediation liabilities must be measured based on the pollution remediation ourlays expected to be incurred to settle these liabilities. It must be based on \"reasonable and supportable\" assumptions of fiiture events that may affect the eventual settlement of the liability, and should be measured and reported at current value. The current value of the liability should be based on applicable federal, state, or local laws or regulations that have been approved, regardless of their effective date and the technology expected to be used for the cleanup. \r\nOutlays for pollution remediation obligations should be recognized as liabilities if goods and services used for pollution remediation activities are liquidated with expendable available financial resources (modified accnial accounting). However, pollu.tion remediation outlays should be capitalized in the government-wide or pi-oprietq fund statements when goods and services are acquired for certain specific purposes; these amounts are recorded as expenditures at the fund level. \r\nAs of June 30, 2010, the School System was the responsible party in the remediation of mold removal, asbestos abatement, expired chemical disposal, paint disposal, tire disposal and air quality testing. A site assessment and preliminary evaluation of required remediation indicated no liability at June 30,2010. The potential iiability is deemed immaterial at this time to record to the School System's financial statements. APS paid $376,836 for current financial year remediation activities. \r\nU. Subsequent Event \r\nDiiring the planning phase of Educational Local Option Sales Tax (ELOST) IV,it was \r\ndiscovered that the Atl'mta Jndeperuclent School System (APS) and Fulton County Schools had not certified the appropriate distribution of the ELOST TTI proceeds with the Georgia Department of Revenue. The School Districts have entered into a Memorandum of Understanding dated March 1, 2011, whereby APS will reimburse Fulton County Schools $34,065,778 over the remainder of the ELOST III for excess h d s received by APS. The liability at June 30, 2010 is believed to be $29,064,201. This amount is reflected as a liability on the governmental activities financial statements. Repayment will begin on August 15,2011, continue on the 15\"' day of each consecutive month thereafter and conclude on July 15,2012. \r\n \r\n REQUIRED SUPPLEMENTARY INFORlCaATION \r\n \r\n Allanla b\u003edcpendent School Syrlem GENERAL FUND \r\nSchedule ofReveoues. Ekpend~luresand Change\u003e in Fund Balance - Budzet m d Actual \r\nFor the Year Endcd Julte 30. 20 I 0 \r\n \r\nREVENUES Local laxti Salcr c;lx lncomc Investrncnt eamlngs T u ~ t \\ o cnhdrges Factl~t)rental fecs Slat\u003c revenues Fcdcml revenues Chargcs tar serviccs Other \r\nToidl lfvcrlucs \r\nEXPENDITURES Cumnt \r\nIIISINEIIO~ Salary Non-Salary \r\nSupport SCW~CCS: Pupil seniccs Salary Non-Salary \r\nlmproverneof olinslrurlionnl rel.nces Salary Non-Salary \r\nEducattonal media Szlary Noa-Salary \r\nGcncral administranon Salary Nan-Salary \r\nSchool admin~slrarion Salary Non-Salary \r\nBu,incrs adm!nistration Salary Non-Salary \r\nM a i ~ ~ l e n a n raend operation o f facililies Salary Non-Salary \r\nSludclll lrsnspurtatius Saislry Non-Salary \r\nCenlral supporl Salary Non-Salary \r\nOther support scnicer Salary Sari-Szlary \r\nDeb1 Sc,.vlcc: Pr~mc~pal Lnlcrcsl \r\n \r\nBudgeled k11oun15 \r\n \r\nOnglnal (I1 \r\n \r\nFinal ( I ) (2) \r\n \r\nAcmal \r\n \r\nVarlance wttll Final Budget \r\n(Over ) Under \r\n \r\nECICSS (dcfic~cncylo f revenues over (under) c\\pend~mrcs \r\nOTHER FINANClNG SOURCES (USES) Proceeds from sale o f c v p ~ l val ssets Tnnsfcn onr \r\nNCI chmgc I\" rund balrnces \r\nFund Balancc. Beg~nnmgof Year \r\n \r\n(6,000,000) 157.900.956 \r\n \r\n163,305,000) (9~1,739,124) 157,900,956 \r\n \r\n1,221,378 (44,442.0321 \r\n(48,171,730) \r\n157,900,956 \r\n \r\nF U N D BIUAVC t,E N D Oi. YEAR \r\n \r\nS \r\n \r\n15 1,900,956 \r\n \r\n63,161.832 \r\n \r\nL09.727,2 17 \r\n \r\n(1) Original and Flnal bndgct amounts do not m c l i ~ d cbudgetcd revenues or expendrtr~rccofvanoospnnclpal accounts (2) Propeny tares n l d state fund rcvcnucs relaied to chaner schools are budgeted ~nllte lnstnlclton Furlctlon \r\n \r\n(1.224.178) (1 8.862.068) (46,563,185) \r\n(46.565.385) \r\n \r\n Atlanta Independent School System \r\nSPECIAL REVENUE FUND - TITLE I FUND \r\nSchedulc of Revenues, Expenditures and \r\nChanges in Fund Balance - Budgct and Acn~al \r\nFor the YearEnded June 30,2010 \r\n \r\nRevenue Federal funds \r\nExpenditures Current Instruction Salary Non-Salary Support services Pupil services Salary Non-Salary \r\nImprovement of instructional services Salary Non-Salary \r\nGeneral administration Salary Non-Salary \r\nSchool administration Salary Non-Salary \r\nBusiness administration Salary \r\nMaintenance and operation of facilities Salary \r\nStudent transportation Salary Non-Salary \r\nCentral support Salary Non-Salary \r\nCommunity services Salary Non-Salary \r\nTotal Expetiditures \r\nDeficiency ofrevenues under expenditures \r\nFund Balance, Beginning of Yea1 \r\nFUND BALANCE, END OF YEAR \r\n \r\nBudgeted Amounts \r\n \r\nOriginal \r\n \r\nFinal \r\n \r\n--Actl~al \r\n \r\nVar~ancew ~ l h Final Budget \r\n(Ovcr ) Under \r\n \r\n Actuarial Valuation \r\nDate 1/1/2004 \r\n \r\nActuarial Value of \r\nAssels* \r\n(a) $107,323,985 \r\n \r\nAtlanta Independent School System Required Supplementary Information For the Fiscal Year Ended June 30,2010 \r\n \r\nSchedule of Funding Progress \r\n \r\nActuarial Acclued Liability PAL) Entry Age \r\n(b) $581,45 1,634 \r\n \r\nUnfbnded AAL \r\n(UA AL) (b-a) \r\n$474,127,649 \r\n \r\nFunded Ratio (a/b) 18.50% \r\n \r\nCovered Payroll \r\n(c) $45,898,463 \r\n \r\nUAAL use as a Percentage of Covered Payroll ((b-a)/c) \r\n1033.00% \r\n \r\n OTHER SUPPLEMENTARY INFORMATION \r\n \r\n NONMAJOR GOVERNMENTAL FUNDS \r\nCombining and Individual Fund Statements and Schedules: Combining Balance Sheet - Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Governmental Funds Schedules of Revemes, Expenditures, and Changes in Fund Balances Budget and Actual - Special Revenue Funds: Title 11Fund Title VI-B Fund Lottery Fund Other Federal Programs Fund Other Special Projects Fund \r\nSchedules of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual - Capital Projects Fund \r\nCombining Statement of Changes in Assets and Liabilities - \r\nAgency Fund \r\n \r\n NONMAJOR GOVERNMENTAL FUNDS \r\nSpecial Revenue Funds \r\nSpecial Revenue Funds are used to account for the proceeds of specific revenues that are legally restricted for specific purposes. \r\nThe School System's Special Revenue Funds have been established primarily on the basis of program purpose and include the following funds and primary funding sources: \r\nTitle I1 Fund was established to account for federal grant funds passed through the Georgia Department of Education, for the purpose of improving teacher quality and increasing the number of highly quality teachers, para-professionals, and principals. \r\nTitle VI-B Fund was established to account for federal grant funds passed through the Georgia Department of Education, for the purpose of providing special education programs for children in pre-kindergarten through the twelfth grade. \r\nLotterv Fund was established to account for State of Georgia Iottery k n d s passing through the State of Georgia Department of Education for various programs as established by the State. \r\nOther Federal Programs Fund was established to account for other federal funds for which separate presentation is not considered necessary. \r\nOther Special Projects Fund was established to account for other state and local funds for which separate presentation in not considered necessary. \r\nCapital Projects Fund \r\nEducation Refonn Success Fund was established to account for activities related to the Education Reform Success, Inc., (a non-profit corporation) which was established by the School System for the purposc of providing financing for some of thc School System's buildings and equipment. \r\n \r\n Atlanta Independent School System Combining Balance Sheet \r\nNon-major Govem~ncntalFunds Junc 30.2010 \r\n \r\nAssets: Restricted cash equivalents Due from othcr govemmenls Due from other funds \r\nTohl Assets \r\n \r\nTitle I1 \r\n \r\nSpecial Revetluc Funds \r\n \r\nTitle VI-B \r\n \r\nLottery \r\n \r\nOther Fedcral Programs \r\n \r\nOther Special Projects \r\n \r\nCapital Projccts Fund \r\nEducation Reform SUCCCSS \r\n \r\nTotal \r\n \r\nLiahlliries: Accounts payable Salaries and benefits payable Due to other funds Due to other governmcnu \r\nTotal Liabilities \r\nFund Balauces(Dcficits): Rescrvcd for federal 1)rogranu Reserved for local programs Unresewed/designated for local progalns \r\nT o h l Fund Balance \r\nTOTAL LIABILITIES AND FUND BALANCES \r\n \r\n Atlanta Independent School Systetn Combining Statement o f Revenues, Expendinues and Changes in Fund Balances \r\nNon-nia~orGovemmcnlal Funds For the Year EndedJune 30.2010 \r\n \r\nREVENUES \r\nSlate Federal Other \r\nTotal Revenues \r\nEXPENDITURES Current Inslmction Support servkccs Pupil servtces l~nprovcrnesol f ~nstrucliona~l er\\~ices Educational rned~a General administration School adrnlnistration Bus~ncssadrnin~strat~on Maintenanceand operation o f facilities Student mansportallon Ccnwal suppon Olher suppon sewices Dcbl Scrvicc Principal lnletest Tolal Expcnditurcs \r\nExccss(deficiency) orrcvcnues over (under) expenditures \r\nO'THER FlhlANCING SOURCES(USES1 Transfers in Transbrs out \r\nTotal Other Financing Sources~Uses) \r\nNct change In Fund Balances \r\nFund Balances, Beginning of Year as resla~ed \r\nFUh'D BALANCES.End of Year \r\n \r\nTiilc II \r\n \r\nt i t l e VI-B \r\n \r\nLollcry \r\n \r\nPrograms \r\n \r\nPra)ecls \r\n \r\nSUCCPSS \r\n \r\nTotal \r\n \r\n Allanta Indcpcndent School System All Spcctal Revenuc Funds Colnb~ned Schcdulc o fRcvenuer, E~pendirurcsand Changes In Fund Balance - Budge! and Actual \r\nFor !he Year Ended June 30, 2010 \r\n \r\nREVENUES Local revenues S h l s revenues Fedcral revenucs Other local revenuer \r\nToral revcnucs \r\nEXPENDITURES Cu,rcnt \r\nInstruction Salary Non-Salary \r\nSupporl Services: Pupil services Salary Non-Salrry \r\nImprovemen1 of instructional services Snlary Non-Salary \r\nEducational media Salary NonSalary \r\nGeneral adminislralion Salary Non-Salary \r\nSchool adrmnistrarion Salaly Non-Salary \r\nBusiness administration Salary Non-Salary \r\nMaintenance and operation 01 facilities Salary Non-Salary \r\nStudent transponanon Salary Non-Salary \r\nCenlrnlsupport Salary Non-Salary \r\nOrllcr rupporr services Salary Won-Salary \r\nCommunity Services Salary Non-Saldry \r\nNulritlan Salary Non-Salary \r\nDebt Service: \r\nToial Expenditures \r\nFkcecs (dclictency) of rcvenua over (under) cnpend~rurcs \r\nOTHER FmANCMG SOURCES (IJSrS) Transfcii ~n Trinsfen out \r\nNct cl~angcIn fund balances \r\nFund Balancc. B e g ~ n n ~ nogrYedr \r\n \r\nBudgeted /irnoun!s \r\n \r\nOnganaI \r\n \r\nFlnnl \r\n \r\nACIU~I \r\n \r\nF ~ n a lBudget (Over ) Under \r\n \r\n(8,695,647) 12.142.702 \r\n \r\n(18,357,728) 12,142.702 \r\n \r\n222,) I5 (222.1 , 5 ) \r\n(3IO,801) \r\n12,142.70? \r\n \r\n(222,l IS) 222.1 1 5 \r\n(18,046,921) \r\n \r\n Atlanta independent School System \r\nSPECIAL REVENUE FUND - TITLE 11 FUND \r\nSchedule of Revenucs, Expenditures and \r\nChanges in Fund Balance - Budget and Actual \r\nFor the Year Endcd June 30.20 I0 \r\n \r\nRevenue Federal Funds \r\nExpend~tures Current Instruction Salary Nan-Salary Support services Pupil services Salary Nan-Salary \r\nImprovement of instructional serviccs Sala~y Nan-Salary \r\nGeneral administration Salary Nan-Salary \r\nSchool administration Salary Nan-Salary \r\nCentral support Salary Nan-Salary \r\n \r\nBudgeted Amounts \r\n \r\nOr~g~nal \r\n \r\nFinal \r\n \r\nExcess (deficiency) revenues over(under) expend~tures Fund Balance. Beginning of Year FUND B a A N C E . END OF YEAR \r\n \r\nAcn~al \r\n \r\nVariance with F ~ n a lBudget \r\n(Over ) Under \r\n \r\n Atlanta Independent School Systeril SPECIAL REVENUE FUND -TITLE VI-B FUh1D \r\nSchedule of Revenues, Expcnd~turesand Changes in Fund Balance -Budge[ and Actual \r\nFor [he Year Ended June 30, 201 0 \r\n \r\nRevenue State revenue Federal revenue Total Revenue \r\nExpenditures Cu~~ent lnstr~~ction Salary Non-Salary Support sewices Pupil services Salary Non-Salary \r\nImprovement of instructional services Salary Non-Salaly \r\nGeneral administration Salary Non-Salary \r\nBusiness administration Salary Non-Salary \r\nMaintenance and operation of facilities Salary Non-Salaly \r\nStudent transportation Salary Non-Salary \r\nCcntral support Salary Non-Salary \r\nTotal Expenditures \r\nExcess (deficiency) of revenues over (undcr) cxpendi!urcs \r\nFund Balance, Beginn~ngof Year \r\nF W D BALAT-JCE. END OF YEAR \r\n \r\nBudgeted Amoi~nrs \r\n \r\nOriginal \r\n \r\nFlnal \r\n \r\nAclual \r\n \r\nVarlancc with Final Budgct \r\n(Over ) Under \r\n \r\n Atlanta Independent School System \r\nSPECIAL REVENUE FUND - LOTTERY FUND \r\nSchedule of Revcnues, Expend~turesand Changes in Fund Balance -Budget and Actual \r\nFor the Year Ended June 30,2010 \r\n \r\nRever~ue Slate Revenue Federal Revenue \r\nTotal Revenue \r\nExpend~iilres C U rIent instruction Salary Non-Salary Support services Pupil services Salary Non-Sala~y Improvement of instructional services Salary Non-Salary School administration Salary Non-Salary \r\nTotal Expcnd~turcs \r\nDeficiency of revenues under expend~tures \r\nOTHER FINANCMG SOURCES (USES) Transfers In \r\nNer change In fund balance \r\nFund Balance. Beglnnlng of Year \r\nFUND BALANCE. EhrD OF YEAR \r\n \r\nBudgeted Amounts \r\n \r\nOr~ginal \r\n \r\nFinal \r\n \r\nActual \r\n \r\nVar~ancew ~ t h Final Budget \r\n(Over ) Under \r\n \r\n Atlanta Independent School System SPECLAL IEVENUE FUND -OTHER FEDERAL PROGRAMS FUND \r\nSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Aclual \r\nFor the Year Endcd June 30.2010 \r\n \r\nRevenue Local revenue State revenue Federal revenue \r\nTotal Revenue \r\nExpenditures Current Instruction Salary Non-Salaly Support services Pupil services Salary Non-Salary \r\nImprovement of inslr~~ctionsaelrvices Salary Non-Salary \r\nEducational media Salary Non-Salary \r\nGeneral administration Salary Non-Salary \r\nBusiness administration Salary Non-Salary \r\nmaintenance a n d operation of facilities Salary Non-Salary \r\nStudent transportation Salary Non-Salary \r\nCentra! support Salary Non-Salary \r\nOther Support Services Salary Non-Salary \r\n \r\nBudgered Amounts \r\n \r\nOnginal \r\n \r\nFinal \r\n \r\nActual \r\n \r\nExcess[deficiency) revenues over(under) expenditures OTI-IW FMANCMG !USES) \r\nTransfers out Fund Balance, Beg~nningof Year \r\nFUND BALANCE,END OF YEAR \r\n \r\nVariance with Final Budget \r\n(Over ) IJnder \r\n \r\n Atlanta lndependcnt School System \r\nSPECLAL REVENUE FUND - OTHER SPECIAL PROJECTS FIND \r\nSchedule of Revenues. Expenditures and \r\nChanges In Fluid Balance - Budget and Acnlal \r\nFor the Year Ended June 30, 2010 \r\n \r\nRevenue Siate Rcvenue Other Local Revenue Total Revenue \r\nExpendirures Current Instruction Salary Non-Salary Support sewices Pupil services Sala~y Non-Salary \r\nIn~psovemenot finstructjon;tl services Salary Non-Salary \r\nEdueationnl medla Salary Non-Salary \r\nGeneral administration Salary Non-Salary \r\nSchool adtninislration Salary Non-Salary \r\nBusiness administration Salaty Non-Salary \r\nlMaintenance and operation of facilities Salary Non-Salary \r\nStudent transportation Salary Non-Salary \r\nCentral support Salary Non-Salary \r\nOther Support Scabices Salary Non-Salary \r\nNutrition Salary A'onSalary \r\nDebt Service \r\nTotftl Expalditures \r\nExcess (deiiciency)revenucs over(under) cxpcndin~~.cs \r\nOTHER FINANCING SOURCES (USES) Transfers out \r\nNet cllang In fund balancc \r\nFund Balance, B e g i ~ i n gof Year \r\nFUND BALANCE, END OF YEAR \r\n \r\nBudgeted Amounrs \r\n \r\nOriginal \r\n \r\nFilial \r\n \r\n(8,692,824) \r\n \r\n(8,261,673) \r\n \r\n-- \r\n \r\n(8,692,824) \r\n \r\n(8,261,673) \r\n \r\nActual \r\n \r\nVnrtance wlth F~nalBudget \r\n(Over ) Under \r\n \r\n(261,216) \r\n \r\nl8,000,457) \r\n \r\n-. \r\n(261.2 16) \r\n \r\n(8,000,457) \r\n \r\n Atlanta [ntlepcndent School Systcm CAPITAL PROJECTS FUND \r\nSchcdule of Revenues, Expend~turesand Changcs In Fund Balance -Budget and Achlal \r\nFor the Year Ended Junc 30, 2010 \r\n \r\nRevenue Sales tax revenue ltivesllnent Income Other local revenue \r\nTotal Revenue \r\nExpend~tures Current Instruction Salary Nan-Salary Support services General administration Salary Nan-Salary Business administration Salary Non-Salary Maintenance a n d operation of facilities Salary Nan-Salary Student transportation Salary Nan-Salary Central support Salary h'on-Salary Capita1 outlays Salary Nan-Salary \r\nTotal Exucnd~rures \r\nExcess (deficiency) revenues over(under) expenditures \r\nOTHER FINANCING SOURCES (USES) Transfer in \r\nNet change In fund balance \r\nFund Balancc, Bcginnlng of Year \r\nFUND BALANCE, END OF YEAR \r\n \r\nBudgeted Amounts \r\n \r\nOr~g~~ial \r\n \r\nF~nal \r\n \r\nActllal \r\n \r\nVarlance w ~ t h Flnal Budget \r\n(Over ) Undcr \r\n \r\n Atlanta Independent School System Combining Slaienient of Changes in Assets and Liabilities \r\nAgency Fund For the year ended June 30,201 0 \r\n \r\nAssets: \r\nCash and cash equivalcnrs \r\n \r\nBalance July I . 2009 \r\n \r\nAdditions \r\n \r\nDeduc~ions \r\n \r\nBalance June 30.20 10 \r\n \r\nLiabitities: \r\n \r\nDue to local schools and student groups \r\n \r\n$ \r\n \r\n881,840 $ \r\n \r\n1,656,568 $ \r\n \r\n1,637,194 $ \r\n \r\n901,214 \r\n \r\n Quality Basic Education Programs - Program Expenditures \r\nGeneral Fund Quality Basic Education Programs: Schedule of Allotments and Expenditures by Program \r\nSchedule of Expenditures by Object - Lottery Programs Schedule of Approved Local Option Sales Tax Projects \r\nSchedule of State Revenues \r\n \r\n QUALITY BASIC EDUCATION \r\nPROGRAMS - PROGRAM EXPENDITURES \r\nThe Official Code of Georgia Annotated Sect~on20-2-172 (a) Expenditure Controls for fiscal years 2007 and 2008 state; \r\nFor each program identified in Code Section 20-2-161, each local School System shall spend 100 percent of fi~nds designated for direct instructional costs on the direct instruct~onacl osts of such program on one or more of the programs identified in Code Section 20-2-161 at the system level, with no requirement that the School System spend any specific portion of such funds at the site where such funds were earned. \r\nThe following pages are presented for purposes of additional analysis and reflect overall minilnuin expenditure requirements compared to overall program expenditures made by the School System as described above and also reflect minimum program expenditure requirements compared to actual expenditures made by the School System on a program basis. \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM B O W OF EDUCATION \r\n- GENERAL FUUD QUALITY BASIC EDUCATION P R O C W ( Q B E ) \r\nSCHEDULE OF ALLOTMENTS AND EXPENDITURES - B Y PROGRAM YEAR ENDED JUNE 30,2010 \r\n \r\nDirect Instructional Progrants 101 1 Kindergarten Program 1061 Kindergawn Prognrn-Early, Intervcnnon Progam 102 1 Primary Grades (I -3) Progratn 1071 Primary Grades-Early Intcrvcnlion ( 1 -31 Program 1051 Upper Elemcnlary Grades (4-5) Program 1091 Upper Eleln Grades-Early lnlervent~on(4-5) Program 1031 Middle Grades (6-8) Program 1081 Middle School (6-5)Frogran) 1041 High School General Education (9-12) Progra~n 301 1 Vocalional Laboratory (9-12) Prograrn \r\nStudents w i ~ hDisabilities 202l Category I 2031 Category U 2041 Ca~egor).Ill 20.51 Ca~egoryI\\' 2 0 1 1 Cate~oryV \r\n2 1 1 I Gifted Snidenl - Category V I \r\n221 1 Remedial Educa~ionProgram 5071 Allernalive Education Program 1351 Englislt Speakers of Other Languages (ESOL) \r\nTOTAL DIRECT INSTRUCTIONAL PROGRAMS \r\n13 10 Media Center Program 12 10 Staff and Professional Development \r\n \r\nALLOTMENTS \r\nFROM GEORGIA \r\nDEPARTMENT 01: EDUCATION (I)(?) \r\n \r\nSALARIES \r\n \r\nELIGIBLE QBE PROGRAhI COSTS \r\nOPERA I'IONS \r\n \r\n'TOTAL QBE FORMULA FUNDS \r\nI I00 Twenr). days add~tionalInstruction 1320 Pupil Transpnaian 1445 On behalf 1450 Indirect costs - C e n m l Atlmin 1455 Indirect costs - School Admin. \r\n- 1457 Indirect costs Facilities M\u0026O \r\n1500 Nurses \r\n \r\nTOTAL \r\n \r\n( I ) Comprised of State Funds plus Local Five Mill Share. (2) Allotments d o not include the impact of t h e State budget austerity reduction. \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nLottery Programs Schedule of Expenditures by Object For the Year Ended June 30,2010 \r\n \r\nSalaries Employee benefits Professional and Technical Services Employee travel Materials and supplies \r\n \r\nPre-Kindergarten Promam \r\n \r\n ATLANTA INDEPENDENTSCHOOL SYSTEM SCHEDULE OF APPROVED LOCAL OPTION SALES TAX PROJECTS \r\nYEAR ENDED JUNE 30.2010 \r\n \r\nPROJECT \r\n \r\nORIGINAL ESTIMATED \r\nCOST {I) \r\n \r\nCURRENT ESTIMATED COSTS (2) \r\n \r\nAMOUNT EXPENDED IN CURRENT YEAR (3) \r\n \r\nSPLOST ll \r\nDekalb County Renovations,modifications,additions and equipment for the following facilitres: Crim High School, Coan Middle School. BurgesslPetersonElementary School, East Lake Elementary School. Lin Elemenrary School. Toomer ElementatySchool, and Whitefoord Elemenlaw \r\nFulton County \r\n \r\nAMOUNT EXPENDED IN PRIOR YEARS (4) \r\n \r\nPROJECT STATUS \r\n \r\n26,443,062 Ongoing \r\n \r\nNew school conslruction, classroom addltionr, renovations,infrastructure improvements,security system improvements,technology Improvements. land acqursilion, site preparation, new staff development and ~nslructronasl upport facilities, new maintenance \r\nSPLOST Ill \r\nFulton County \r\n \r\n4.706.515 \r\n \r\n427,372,400 Ongoing \r\n \r\nCapital outlay projects including new school construction. classroom additions. renovations, infrastructureimprovements,upgrading security system, technology improvements, land acquisilion. slla preparation, providing staff development and instmctional \r\nDekalb County \r\n \r\nCapital outlay projects consisting of construction. renovations, modifications.addltlonsand equipment for the following facilities. The Howard School, Lin Elementary School and Whitefoord Elementary School and any future updates: Crim High School, Coan \r\n \r\n20,511,000 \r\n \r\n20,511,000 \r\n \r\n1,455,487 \r\n \r\n9.754.495 Ongorng \r\n \r\n(1) The School System's original cost estimate as specified in the resolutioncalling for the Impositionof the Local Optron Sales Tax. \r\n(2) The School Sy5tem's current estimate of total cost for the projects. Includes all cosl fiom project inceptionto completion. \r\n(3) The voters of Fulton and Dekalb Counties approved the imposition of a 1% sales tax to fund the above projects and retire associated debt. Amounls expended for these projects may include sales tax proceeds, state, local property taxes andlor other funds over the life of the projects. \r\n(4) The School System's amounts expended in prior years relaled to the above projects \r\n \r\n ATLANTA W E P F N D E N T SCHOOL SYSTEM SCHEDUI.E OF STATE REVENUE \r\nFISCAL-YEAR EhrDED JUNE 30. 2010 \r\n \r\nGRANTS Br~ghtirom the Start: Georgia Department of Early Care and Learn~ng Pre-K~ndergartenProgram \r\nEducat~onG, eorgia Department of Qualiry Basic Education Direct Instructional Cost Kindergarten Program \r\nK~ndergartenProgram - Early lntervent~onProgram \r\nPrinlary Grades (1-3) Program Pr~maryGrades - Early Interventto11(1-3) Progra~il Upper Elementary Grades (4-5) Program Upper Elementary Grades - Early Intervent~on(4-5) Program Middle Grades (6-8) Program Mlddle School (6-8) Program H ~ g hSchool General Educar~on(9-12) P r o ~ a l n Vocational Laboratory (9-1 2) Program \r\nStudents with D i s a b ~ l ~ t ~- Ae sll Catcgor~cs \r\nGiftcd Sntdent - Category VI Remed~alEducat~onProgram Alternat~veEducation Program English Speakers ofother Languages (ESOL) Med~aCcnter Program 20 Days A d d ~ t ~ o nIanlstruct~on Staff and Profess~onalDevelopment lndirect Cost Central Admln~stration Scl~oolAdmin~stration Facility Maintena~lceand Operations Categorical Grants Pup11T'ransportat~on Regular Nursing Services Mid-te~mAdjustment Hold-I-larmless Austcrtty Reduct~on \r\nOther State Programs Career, Technical and Agrtcu~hlre Charter Schools- APS Georg~aCouncrl for the M s (ACE) Health insurance CTAE M.E. Support Preschool I-land~cappedProxrani Restdenllal Treatment Ccnrcrs Grant Teacllei's Retirement Vocational Supervisors Adult Education Adult L~teracyProject \r\n \r\nGOVERA\"iL1ENTAL FUND TYPES \r\n \r\nOTHER N O W A J O R \r\n \r\nGENERAL \r\n \r\nGOVERNMENTAL \r\n \r\nFWD \r\n \r\nFUNDS \r\n \r\nTOTAL \r\n \r\n Statistical Section (Unaudited) \r\n \r\n Atlanta Independent School System \r\nIntroduction to the Statistical Section (Unaudifed) \r\n \r\nThis part of Atlanla Independent School Systems comprehensive annual financial report presents detailed information as a context for understanding this year's financial statements, note disclosures, and supplementary information. This information is unaudited. \r\n \r\nContents \r\n \r\nSchedule \r\n \r\nFinancial Trends \r\n \r\n1-5 \r\n \r\nThese tables contain trend information that may assist the reader in assessing the School \r\n \r\nSystem's current financial performance by placing it in a historical perspective. \r\n \r\nRevenue Capacity Information \r\n \r\n6-8 \r\n \r\nThese tables contain information to help the reader assess the School System's two most \r\n \r\nsignificant revenue sources: property taxes and sales taxes. \r\n \r\nDebt Capacity These tables present information that may assist the reader in analyzing the affordability of the School System's current levels of outstanding debt and the School System's ability to issue additional debt in the future. As of June 30, 20 10, there is no debt to report. \r\n \r\nOperating Information These tables contain service indicators that can inform ones' understanding how the information in the School System's financial statements relates to the services the School System provides and the activities it performs. Employee by function data is not included. \r\nDemographic and Economic Tnformation These tables present demographic and econoinic inforrnatlon intended (1) to assist users in understanding the socioeconomic environment within which the School System operates and (2) to provide information that facilitates comparisons of financial statement information over time. \r\n \r\n14 - 19 \r\n \r\nSource: Unless otherwise noted, the information in these tables is derived from the comprehensive annual financial report for the applicable year. The School System implemented GASB No. 34 in fiscal year 2002; therefore, tables presenting government-wide financial data include only nine years of information. \r\n \r\n ATLANTA GhlDEPENDENT SCHOOL SYSTEM Net Asset by Component 1,nst Nine Fiscal Years Scllcdule I \r\n \r\nFiscal Year Ended June 30. \r\nGovcnrne~ilaAl c t ~ \\ ~ ~ t i e s lnvcsled In Capital Assets. Net of Related Dcbt Kcstr~cted Unrestricted \r\nTotal Gove~nmemaAl ctlv~t~Neset Assels \r\n \r\n2002 \r\n \r\n2003 \r\n \r\n481,975,764 629,768,301 1,182,792 \r\n \r\n2004 733,997,697 \r\n \r\n2005 \r\n \r\n2006 \r\n \r\n803,563,172 3,985,606 \r\n \r\n831,829.656 26,478,370 \r\n \r\n2007 \r\n893,683,101 106.980.587 \r\n \r\n2008 \r\n854,305,957 182,s 17,605 \r\n \r\nBus~ncss-Iypc Act~vltlcs Invcstcd ~nCapdal Assets, Net o f Rclated Deb1 Unrestr~cted \r\nTotal Bualncss-Type Act~v~tiNcsct Asscts \r\n \r\n2.720.262 \r\n \r\n2,887.61 6 \r\n \r\n3,897,068 \r\n \r\n5,055,962 \r\n \r\n5,776,388 \r\n \r\n8.504.052 \r\n \r\nPrl~naryGovcrn~~lchnct t ~ v ~ t l c s Inves~edin Capital Assets, Nei of Relaid Debi I\u003cestncted U~uestricled \r\nTotal Prlmary Govemnletil Aclivtties Ncl Assets \r\n \r\n-184,606,026 2.482.792 \r\n236,510,426 723,689,214 \r\n \r\n632,655,917 \r\n163,480,917 796,136,834 \r\n \r\nSource: Atlanta Intlependent School Syslem Financial Rcporls for prr\\iouj ycars and fiscal p a r cnded Junc 30,2010 \r\n \r\nNote: GASB 34 implemented in 2002, only ninc !ears presented. \r\n \r\n731,894,765 \r\n73,079,189 810,973,954 \r\n \r\n805,619,135 3,988,606 \r\n90,035,105 902,642,846 \r\n \r\n831,606,044 26,478.370 99,759,865 963,844,279 \r\n \r\n902,187,753 106,980,587 147,999,612 1,157,167,952 \r\n \r\n854,305,957 182,5 17,605 191,755,329 1,228,578,891 \r\n \r\nRcstared \r\n2009 \r\n \r\nzolo \r\n \r\n  Flscnl Ycar tndcd Jilne 10. A'c, (E.vpm\u003ee)/Rc,~,ent.re Covcrnrneillal Acllullirs \r\nInslmcllon Pup11Sclvlccr Impro\\ci.\u003ei.nt ollhslrucuonul S a i lrci Educa!,on.l hlcdla serv,c.\u003c Ccilrml Adrn8nisirallon Sc1i.w Adn?~n\\i'!rllon But~?c\u003eAi d m ~ n ~ a l i r l ~ a n M?~nlcnrncc2nd Opcrouoni Pup~Tl ranrpanauon Support Se~n~:cs~Csnl~sl Olilcr Suppon Scwiccs Non-lnslruc!~ona1S c m r c , Enicrpr~srO. pcial~onr Lnlcrrrl Tolal Go\\rmmental Acuviilec Nel ( F x p e n m l !iwcn;er \r\nTolal Plimnry C o r e n ~ m c nAr c l ~ v ~ l ~Ner sl E~prnrr \r\nGcncral R\u003c\\,cnuc\u003cand Olhcr C l v r g t i ~n h r t Assrir Governlncni~lAcllrliia \r\nTmcs \r\nPropcriy Taxes L e x d for bencral Purpmn Pcopeily Ta\\es L c v l d for Deb1Srrwccs Sales Tax Other T a ~ c r Fcdenl a d 0lhi.r Sldlc A d ml R ~ i r i c t ldo Specllic Proorami I m r r r r i und Lnvcrlmcnl Farnlngs Miscellaneous Caw 081 Sale 0 f A ~ r e l r Troilsfirr E ~ l r oa r d l n a ~ltenlr Tala1 Gorc~nn,enlalc l i v t l t t , \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM Change In Nrt Arrclr Lnr! Ntne Fiscal Yrars Scllcdulc 2 \r\n \r\nClungo lnNn Arrrla Gairrnmri~inAl c l ~ v r l l n Buslnc~a-TpcA ~ I # u l i c \u003c \r\nTotal Primary C o ~ c r n n ~ m t \r\n \r\nSource: Notes: \r\n \r\nAllarlla lndeprndrnl School Systrnl Finnnci31 Rcpartr Tor prc%iour!cars and fircntyearcnded June 30, 2010 \r\nReslal~rnenlIn year 2008 duc fo prior p r l l o d adjurlnlcnlr f o r r l l r n ~ ch arrounling p r i n r i p l r and rrtirualrr. I n l i r r ~ylear 2008. chsolc i n prnrlon cx~ipmsc~ l l o r a t i o n . I n I i s c ~yIrnr2007. chnngc In nllocation o f capital rrscts. Chnngrs I n l n r l r u c l l o n support 2007 l o 2008 dur to proper nllocntioo afralar). and bcnefils in 2008. G A S B 34 l n ~ p l c n r e o l ~~nd 2002, on$ nlnc yc.115 ptcsrnlrd. \r\n \r\n F~scalYear Elided J u t 30, \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM Governmental Fund Balances Last Ten Fiscal Years Schedule 3 \r\n \r\nRestated \r\n \r\n2001 \r\n \r\n2002 \r\n \r\n2003 \r\n \r\n2004 \r\n \r\n2005 \r\n \r\n2006 \r\n \r\n2007 \r\n \r\n2008 \r\n \r\n2009 \r\n \r\n2010 \r\n \r\nGeneral Fund r t c ~ evled U n r c ~ i\\.t~.d \r\nTutnl Gencral Fund \r\nAll Other Ciovernrnen~alFunds Rusewed Unrc\u003c:wcd, reported In: \r\nCap~talProjccl Funds Spec~aRl cvcnuc Funds Total All Other Govc.r~!men~aFlunds \r\n \r\n57,281,761 156,758,830 80,968,852 \r\n \r\n70,077 \r\n \r\n70,078 22,216,154 103,139,827 168,623,662 149,939,551 136,951,993 \r\n \r\n1 11,530,754 25,073,172 193,885,687 \r\n \r\n12~000,000 12,000,000 22,558,744 18,027,458 191,317,574 1 10,996,) 10 \r\n \r\n32,778,625 17,571.63 1 50,420,333 \r\n \r\n30,060.165 1 1,868,263 41,998,506 \r\n \r\n39,512,697 12,177,524 73,906,375 \r\n \r\n34.1 83,429 12,652.472 149,975,728 \r\n \r\n23,702.646 14,193,822 206.520.130 \r\n \r\n1 1,995,289 1 1,767,769 161,934,840 148,719,762 \r\n \r\nSource: Atlanta Independent SchooP Systen~Financial Report for previous vears and fiscal year ended June 30,2010 \r\n \r\n  ATLANTA INDEPENDENT SCHOOL SYSTEM GENERAL FUND EXPENDITURES BY FUNCTION \r\nLast Ten Piscal Years Schedule 5 \r\n \r\nFiscal Ycar \r\n \r\n, fnstrurtion \r\n \r\nPupil - S c r i ices \r\n \r\nSchool and Admin Scn,ices \r\n \r\nBusiness Services2 \r\n \r\nCapital Outlay \r\n \r\nOther, \r\n \r\nl'otal \r\n \r\n200 1 \r\n \r\n2002 \r\n \r\n2003 \r\n \r\n2004 \r\n \r\n2005 \r\n \r\n2006 \r\n \r\n2007 \r\n \r\n2008 \r\n \r\n2009 2010 \r\n \r\nSourcc: \r\n \r\nAtlanta lndcpcndcnt School System Financial Rcports for prcvious years and liscal ycar cndcd Junc 30,2010 \r\n \r\nNotes: \r\n \r\n1 lnslruction i o c l ~ ~ dIersnpro~ementof Instructional Services and Educational Media. 2 Business Services include5 Business Administration, Maintenance and Facilites and Student Transportation. 3 Otlier includes Central Support, Community Services, Otller Operations, Principal and Interest. 4 Expcnditurcs for Charter Schools wcrc rcclassed to Instruction in fiscal ycar 2010. \r\n \r\ntotdl current expenditures % of change from prior year \r\n \r\ntotal capital outlay % of change from \r\n- prior year \r\n \r\ntotal cxpendilures % of change from \r\nprior ycar \r\n \r\n Fiscal Year \r\n2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: \r\n \r\nTaxes \r\n \r\nState GI-ants \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM GENERAL FUND REVENUES BY SOURCE LAST TEN FISCAL YEARS Sclledule 6 \r\n \r\nFederal Grants \r\n \r\nOther \r\n \r\nTotal \r\n \r\nhlllanla Independent School System Financial Reports for previous years and fiscal year ended June 30,2010 \r\n \r\nLocal \r\n \r\n% of total \r\n \r\nStare \r\n \r\nFederal \r\n \r\nOther \r\n \r\n Fiscal Ycar Endcd \r\n \r\nRcsidcntial 1'1.operr) \r\n \r\nATL4NTA INDEPENDENT SCHOOL SYSTEM ASSESSED AND ESTIMATED ACTUAL VALUE OF \r\nTAXABLE PROPERTY LAST NINE FISCAL YEARS \r\nSchedule 7 \r\n \r\nCornrncrcial Propcrty \r\n \r\nindustrial Properly \r\n \r\nOthcr Properly, \r\n \r\nLess Tax-Excmpt \r\nProperly \r\n \r\nTotal Taxable Assessed Value \r\n \r\nTotal Direct Tax Rate \r\n \r\nJune 30,2006 June 30.2007 June 30.2008 June 30,2009 Juns 30,2010 Source: \r\nh'otes: \r\n \r\n11.054.278.920 \r\n \r\n8,069,483,015 \r\n \r\n699,409,813 \r\n \r\n1.62 1,488.855 \r\n \r\n1,720,017,791 \r\n \r\n20,624,642,812 \r\n \r\n13,202,618,136 \r\n \r\n9,744,120,546 \r\n \r\n776,908,905 \r\n \r\n1,595,456,173 \r\n \r\n1,887,341,520 \r\n \r\n23,43 1,762,240 \r\n \r\n13,980,076,949 \r\n \r\n13.067,992,6 15 \r\n \r\n1,03 1,326,231 \r\n \r\n1,615,241,347 \r\n \r\n2,093,949,974 \r\n \r\n27,600.687.168 \r\n \r\n13.872.372.979 \r\n \r\n1 1.249.746.299 \r\n \r\n890.871.231 \r\n \r\n1,720,999,874 \r\n \r\n1.910.282.501 \r\n \r\n25,823,713,882 \r\n \r\n12,749,326,810 \r\n \r\n11,746,535,282 \r\n \r\n806,421,455 \r\n \r\n1,542,422.32 1 \r\n \r\n2,831,876,995 \r\n \r\n24,012,828,873 \r\n \r\nStatistical scclion of the City or Allaotn, Georgia Compreherlsive Annual Financial Report For the Year Rndcd Julre 30,2010 \r\n \r\n1 Otller Property consist oCHisto!-Ical, Agricultural, Conservation, Utility, Motor Vehicle, Heavy Equipment, Timber, Motor Homes, etc. Z T:IX Exempt Properly consist of Basic Homestead, Eldcrly, Disabled Veteran, Freeport, etc. 3 Assessed values are e s t ~ b l i ~ h cbyd thc Fulton \u0026 Dekalb Counties Board of Tax Assessors on January 1 of each year at 40% of the market value \r\nas rcquired by Statc Law. 4 T l ~ Cc iQ of Atlanta cl~angcdfrom a December 31 fiscal year to a June 30 fiscal )car in 2006. \r\n \r\n Fiscal Year Ended \r\n \r\nGeneral Levy \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM PROPERTY TAX RATES -ALL OVERLAPPING GOVERNMENTS \r\n(Per $1,000 Assessed Value) Last Ten Fiscal Years Schedule 8 \r\n \r\nCity Direct Rates \r\n \r\nSchool Levy \r\n \r\nParks Levy \r\n \r\nCity Bond Levy \r\n \r\nSchool Bond Levy \r\n \r\nTotal Direct Tax Rate (2) \r\n \r\nAtlanta1 Dekalb County Special \r\nTax District \r\n \r\nDowntown Improvement \r\nDistrict Special \r\nTax District (1) \r\n \r\nOverlapping Rates \r\n \r\nCounty Levy (3) \r\n \r\nFulton County, Geo \r\n \r\nCounty \r\n \r\nG \r\n \r\nBond \r\n \r\nLevy \r\n \r\nDecember 31,2001 \r\n \r\n6.28 \r\n \r\n23.84 \r\n \r\n0.48 \r\n \r\n1.27 \r\n \r\n0.96 \r\n \r\n32.83 \r\n \r\n1.86 \r\n \r\n2.22 \r\n \r\n13.31 (3) \r\n \r\n0.38 \r\n \r\nDecember 31,2002 \r\n \r\n9.02 \r\n \r\n21.67 \r\n \r\n0.50 \r\n \r\n1.34 \r\n \r\n0.11 \r\n \r\n32.64 \r\n \r\n1.30 \r\n \r\n2.50 \r\n \r\n12.53 (3) \r\n \r\n0.28 \r\n \r\nDecember 31,2003 \r\n \r\n8.71 \r\n \r\n21.46 \r\n \r\n0.50 \r\n \r\n1.30 \r\n \r\n0.11 \r\n \r\n32.08 \r\n \r\n1.14 \r\n \r\n3.60 \r\n \r\n12.05 (3) \r\n \r\n0.27 \r\n \r\nDecember 31,2004 \r\n \r\n8.25 \r\n \r\n20.87 \r\n \r\n0.50 \r\n \r\n1.27 \r\n \r\n0.11 \r\n \r\n3 1 .OO \r\n \r\n1.05 \r\n \r\n4.20 \r\n \r\n11.59 (3) \r\n \r\n0.07 \r\n \r\nDecember 3 1,2005 \r\n \r\n7.64 \r\n \r\n20.42 \r\n \r\n0.50 \r\n \r\n1.43 \r\n \r\n0.10 \r\n \r\n30.09 \r\n \r\n2.05 \r\n \r\n5.00 \r\n \r\n11.58 (3) \r\n \r\n0.06 \r\n \r\nJune 30.2006 (4) 7.53 \r\n \r\n22.64 \r\n \r\n0.50 \r\n \r\n1.41 \r\n \r\n0.05 \r\n \r\n32.13 \r\n \r\n0.99 \r\n \r\n5.00 \r\n \r\n11.40 (3) \r\n \r\n0.06 \r\n \r\nJune 30.2007 (4) 7.09 \r\n \r\n22.64 \r\n \r\n0.50 \r\n \r\n1.33 \r\n \r\n0.05 \r\n \r\n31.61 \r\n \r\n0.96 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.06 \r\n \r\nJune 30.2008 (4) \r\n \r\n7.12 \r\n \r\n21.64 \r\n \r\n0.50 \r\n \r\n1.18 \r\n \r\n0.05 \r\n \r\n30.49 \r\n \r\n0.83 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.60 \r\n \r\nJune 30. 2009 (4) \r\n \r\n7.12 \r\n \r\n21.64 \r\n \r\n0.50 \r\n \r\n1.18 \r\n \r\n0.05 \r\n \r\n30.49 \r\n \r\n0.83 \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.00 \r\n \r\nJune 30,2010 (4) 10.24 \r\n \r\n21.64 \r\n \r\n0.50 \r\n \r\n1.20 \r\n \r\n0.05 \r\n \r\n33.63 \r\n \r\n1 .OO \r\n \r\n5.00 \r\n \r\n10.28 (3) \r\n \r\n0.00 \r\n \r\nSources: \r\n \r\nDecember 2002 J u n e 2010 December 2001- \r\n \r\nStatistical section of the City of Atlanta, Georgia Comprehensive Annual Financial Report For the Year E Statistical section of the Atlanta Board of Edncation Financial Report for the Year Ended June 30.2008 \r\n \r\nNotes: \r\n \r\nI Tax imposed by property owners in the district pursuant to state authorization. 2 Reduced by debt service payment of $3,052,000 by the Atlanta Board of Edncation using its existing resources. 3 Hospital levy included in County levy. 4 The City of Atlanta changed from a December 31 fiscal year to a June 30 fiscal year in 2006. \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM PRINCIPAL PROPERTY TAXPAYERS JUNE 30.2009 AND NINE YEARS AGO Schedule 9 \r\n \r\nTax Psyel- \r\nDevelopment Authority of Fullon Georg~aPoiver Con~pany Bell South Coca-Cola Company Post Apartnient Honies BF ATL, LLC Sun I lust P l a ~ aAssoc~ation Gcorgia Pac~ficConipani IEP Peachtrcc, LLC H~ncsOnc Atlantic Ccnter LP \r\nTotal \r\n \r\nType of Business \r\n2 Government U t l l ~ t yS e r v ~ c e Commun~cauonsS c r v ~ c e Markel~ngand Manufacturing Res~denrialReal Estate Commerc~alRcal Estate Commerc~aRl eal Estate Pulp and Papcr Manufacturing U~~class~lied Cornniercial Real Estate \r\n \r\nTaxable Assessed Value, \r\n \r\nRank \r\n \r\nPercentage of Total City Taxable Assessed Value \r\n \r\nTa\\ Pnycr \r\nBell South Coca-Cola Cotnpany AT\u0026T Georgia Power Con~pa~iy Post Apartment 1-lorllcs Gcorg~aPacific Conipany CSC Assoc~ates Onc Nincty One Pcachtrcc Assoc~ation Overseas Pnmlers Su~niloLife Realty. Inc. \r\n \r\nType of Business \r\nConunun~cauonS e n w e Marke~uigand Manufacturing C o m m u n ~ c a t ~ oSne r v ~ c e Utility Scrv~ce Res~dentialReal Estate lulp and Paper Manufacturing C o ~ n n ~ c r cR~eaall Eslate Comnicrcial Real Estate Coliunerc~alReal Es~ate Co~runerc~Kaleal Estate \r\n \r\nTaxable Assessed \r\nVal~w \r\n \r\nRank \r\n \r\nPercentage of Total City Taxable Assessed Valuc \r\n \r\nTotal \r\n \r\nSources: Notes: \r\n \r\n2009 - Statistical section of the City o i Atlanta, Georgia Comprehensive Annual Financial Report for the Year Ended June 30, 2010. 2000 - Statistical section of the City of Atlanta, Georgia Comprehensive Annual Financial Kcport for thc Year Ended June 30, 2007. \r\n1. 2009 Based on Net Assessed Value of 522,924,256,395, 2. Devcloymcnt Authority of Fulton docs not pay taxes but docs temporarily hold propcrty for othcrs who pay taxes. \r\n \r\n Fiscal Year E n d 4 \r\n \r\nTaws Levics for the Fiscal \r\nYear \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM PROPERTY TAX LEVIES AND COLLECTIONS \r\nLAST NINE FISCAL YEARS Schedule 10 \r\n \r\nCollected within the Fiscal \r\n \r\nYear of the Levy \r\n \r\nPercentage of \r\n \r\nAmount (1) \r\n \r\nLevy \r\n \r\nCollections in Subsequent \r\nYears \r\n \r\nTotal Collections To Date \r\n \r\nPercentage of \r\n \r\n-- Amount \r\n \r\nL e vy \r\n \r\nJune 30, 2007 \r\n \r\n179,606,933 \r\n \r\n164,976,460 \r\n \r\n91 85% \r\n \r\n11,685,144 \r\n \r\n176,661,604 \r\n \r\nJunc 30, 2008 \r\n \r\n182,020,745 \r\n \r\n173,030,142 \r\n \r\n95.06% \r\n \r\n6,494,066 \r\n \r\n179,527,207 \r\n \r\nJunc 30, 2009 \r\n \r\n196,377,854 \r\n \r\n190,475,498 \r\n \r\n96 02% \r\n \r\n7,422,956 \r\n \r\n197,898,454 \r\n \r\nJune 30, 2010 \r\n \r\n264,371,198 \r\n \r\n257,062,077 \r\n \r\n97 24% \r\n \r\n257,062,077 \r\n \r\nSource: \r\n \r\nStahdicnl section of the Clty of Atlanta, Georgia 2009 Comprehensive Annual Financial Report For the Year Ended June 30,2010 \r\n \r\nNotes: 1 Doer not include tea revenues reteined by Fulton and DeKalb County for adn~inislrar;vexpenditures, therefore the collection rate shorvn i s sligh!ly less t!~an actual. \r\n2 Adlusted to collection in subsequent year. 3 lnforlnat~onfor the period prior to Decenthel- 31, 2002 was not available. 4 The City of Atlanta changed from a December 31 fiscal year to a June 30 fiscal gear in 2006. \r\n \r\n98 36% 98.63% 99.76% 97.24% \r\n \r\n rn \u003e \r\n \r\n-g.2 \r\na \r\n=O 0 \r\n0 \r\n \r\n.-,z2-\" \r\n \r\n- z \r\n \r\n8 \r\n \r\nz\", \r\n \r\nn ;D \r\n \r\n$- \r\n \r\n0 \r\nm \r\n \r\n2O ; \r\n \r\ns;E \r\n \r\n.zu- \r\n \r\n= \r\n2 \r\n \r\nL \r\n-:0 \r\n \r\n3.-1 2 \r\n \r\n;; f i e \r\n \r\nm \r\n \r\n. ; \r\n \r\n4: z \r\n \r\n~8 7 \r\n \r\n Tax Year 2000 2001 \r\nSources: \r\n \r\nATLANTA INDEPENDENT SCHOOL SI'STE51 TAX MILLAGE RATES \r\nLAST TEN FISCAL YEARS Schedule I 2 \r\n \r\nMaintenance and \r\nOperations \r\n23.84 \r\n2 1.94 \r\n \r\nSinbnp. Bond Fund \r\n0.96 \r\n0.12 \r\n \r\nTotal Levy \r\n24.80 \r\n22.060 \r\n \r\n2 1.784 21 569 1 0 524 20.524 22.694 22.694 21.694 2 1.694 \r\nAtlanta Public School 2009 CAFR for tax years 2001-2005 Georgia lkpartrnent of Revenue for tax years 2006-2010 \r\n \r\nCom~nents Millage rate roll-back of S1.09 on every $1.000 levied for Education Decrease of 2.74 ~nillsdue to: \r\no Roll-Back Operating - 1.9 mills o Defeasement Bond Sinking 77 nulls o Roll-Back Bond Sinking .07 mills Decrease of 0.276 mills Decrease o f 0 2 15 mills Decrease of l 05 mtlls No change horn 2004 Increase of 2 17 ~ n ~ l l s 1% change from 2006 Decrcasc of 1 000 mills No changc from ZOOS Informalorn not avallablc \r\n \r\n lementary Schools \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM SCHOOL BUILDINGS, ACREAGE AND CAPACITY \r\nJune 30,2010 Schedule 13 \r\n \r\n ATLANTA MDEPENDENT SCHOOL SYSTEM SCHOOL BUILDINGS, ACREAGE AND CAPACITY \r\nJune 30,2010 Schedule 13 \r\n \r\nHigh Schools \r\n \r\n1 I I 1 1 1 1 1 Acres \r\n \r\nPlanning SF per Original Renovation Actual Age Effective Age Effectlve Age \r\n \r\nSq'Ft' Capacity Student (Construction \r\n \r\n(2010 basis) Basis (2010 basis.) \r\n \r\n Fiscal Year Ended, \r\nDcccmber 31.2002 December 31, 2003 December 31, 2004 Dcccniver 3 1, 2005 \r\nJunc 30. 2006 Junc 30,2007 June 30, 2008 June 30.2009 June 30, 2010 \r\n \r\n, Population \r\n428.100 432,900 434.900 442,100 45 1,600 45 1,600 461,956 477,300 480,700 \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM DEMOGRAPIllC STATISTICS LAST NINE FISCAL YEARS Schedule 14 \r\n \r\nPersonal Income (thousands of dollars), \r\n \r\nPer Capita Personal Income, \r\n \r\nMedia11 Age 5 \r\n \r\n149.83 1 \r\n \r\n32,925 \r\n \r\n32.3 \r\n \r\n153,070 \r\n \r\n32,739 \r\n \r\n34 0 \r\n \r\n162,297 \r\n \r\n33,838 \r\n \r\n33 8 \r\n \r\n173,159 \r\n \r\n34.825 \r\n \r\n34.7 \r\n \r\n184,186 \r\n \r\n35,846 \r\n \r\n34 7 \r\n \r\n184,186 \r\n \r\n35,846 \r\n \r\n34.7 \r\n \r\n196,683 \r\n \r\n36.309 \r\n \r\n32.0 \r\n \r\n198,580 \r\n \r\n37.744 \r\n \r\n35.0 \r\n \r\n199,747 \r\n \r\n27,380 \r\n \r\n34.4 \r\n \r\nSchool \r\n, E111.ollment \r\n55,640 53,485 5 1,358 50,188 49,924 49,707 5 1,377 48,093 48.696 \r\n \r\nUnemployment Rate, 7 9% 7.7% 7 4% 5.9% 5 3% 4 5% 5 9% 10 3% 10 3% \r\n \r\nSources; \r\n \r\n1 For years ended December 31, 2002-June 30,2009, Statistical section of the City of Atlanta, Georgia 2009 Comprehensive Annual Financial Report For the Year Ended June 30,2009 \r\n2 Atlanta Regional Commision- 2009 Atlanta City population estimate, regional snpashots, population R. housing data. 3 U.S. 1)epartmcnl of Cornn~erce,Bureau or Ecomonic Analysis- 2009 Advance Metropolitan Statistical Area (IdSA) Income summary. Atlanta MSA includes Atlan 4 U.S. Census Bureau, 2009 American Cornmunit) Su:uey,l year estimates, per capita income. Data inc!udes Atlanta MSA 5 U.S. Cenr~lsBureau, 2009 American CnrnrnunitJ Survey,l year estimates, selected population profile; data limited to households. Data includcs Atlanta MSA. 6 Georgia Department of Edvcation; Enrollment by grade level report as of March, 2010 count. 7 Georgia Dcpartmcnt of Lahor; llnemplymcnt data ( monthly not sesonally adjustmcd) in Atlanta MSA for Junc, 2010. \r\n \r\nNotes: \r\n \r\nI Inforniation for the period prior to December 31, ZOO2 was not available. \r\nZ T h e City of A!lan!s changed from 3 Dccernber 31 k c a l year to a June 30 fiscal y e w in 2006. \r\n \r\n  Flrcal \\'ear, \r\n \r\nATLANTA INDEPENDENI' SCHOOL SYSTEM GENERAL FUND PER PUPIL COST LAST TEN FISCAL YEARS Schedule I6 \r\n \r\nExpenditures ' \r\n \r\nActive \r\nEnrollnient ' \r\n \r\nCost Per Pupil \r\nEnrolled \r\n \r\nAverage Daily \r\nAttendance .' \r\n \r\nCost Per Pupil Attended \r\n \r\nSources: 1 2 3 4 \r\n \r\nAtlanta lndepetident School System Financial Reports for fiscal year ended June 30,2010 ( flmounts expressed in thousands). GA Departn~enot f Education ,Enrollment by Grade report for FY2010. Enrollment based on the Rlarcli count of each fiscal year. APS Average Daily attendace report as of June 30,2010. Fiscal years 2001-2009 -Statistical section of the 2009 Atlanta Board of Education CAFR. \r\n \r\n  Fiscal Ycar 2001 \r\n \r\nATLANTA INDEPENDENT SCHOOL SYSTEM SCHOOL LUNCH PROGRAM LAST TEN FISCAL YEARS MEALS SERVED Schedule 18 \r\n \r\nTotal 7,173,947 7,073,273 \r\n \r\n-- Free 5,786,478 6,043,275 \r\n \r\nReduced 273,307 282,51 1 \r\n \r\nPaid 1.1 14,162 747.487 \r\n \r\nSource: \r\n \r\nAtlanta Public School NoI~.itionDepartment \r\n \r\n  "},{"id":"dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2008-h2009","title":"Atlanta Independent School System, single audit report for the fiscal year ended June 30, 2009, June 30, 2009","collection_id":"dlg_ggpd","collection_title":"Georgia Government Publications","dcterms_contributor":["Georgia. Department of Audits and Accounts, issuing body.","Atlanta Public Schools. Office of the Chief Financial Officer."],"dcterms_spatial":["United States, Georgia, Fulton County, Atlanta, 33.749, -84.38798"],"dcterms_creator":["Georgia. Department of Audits"],"dc_date":["2009-06-30"],"dcterms_description":["Began with: Fiscal year ended June 30, 2008.","\"Prepared by Office of the Chief Financial Officer.\"","Report year covers fiscal year.","Fiscal year ended June 30, 2010-fiscal year ended June 30, 2013 called also FY 2010-FY 2013.","Issued by: Georgia. Department of Audits and Accounts, although a private accounting firm's name may appear prominently on the piece for some issues.","Fiscal year ended June 30, 2008, released in 2009? (online surrogate); title from PDF cover (Georgia Government Publications database, viewed August 10, 2023).","Fiscal year ended June 30, 2014 (online surrogate) (Received via FTP 1/14/16 from Georgia Dept. of Audits and Accounts); (Georgia Government Publications database, viewed August 10, 2023)."],"dc_format":["application/pdf"],"dcterms_identifier":null,"dcterms_language":["eng"],"dcterms_publisher":["Atlanta, Ga. : Dept. of Audits and Accounts"],"dc_relation":null,"dc_right":["http://rightsstatements.org/vocab/InC/1.0/"],"dcterms_is_part_of":null,"dcterms_subject":["Atlanta Public Schools--Appropriations and expenditures--Periodicals.","Education--Georgia--Atlanta--Auditing--Periodicals.","Education--Georgia--Atlanta--Finance--Statistics--Periodicals.","Georgia Government Documents--Serial"],"dcterms_title":["Atlanta Independent School System, single audit report for the fiscal year ended June 30, 2009, June 30, 2009"],"dcterms_type":["Text"],"dcterms_provenance":["University of Georgia. Map and Government Information Library"],"edm_is_shown_by":["https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2008-h2009"],"edm_is_shown_at":["https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2008-h2009"],"dcterms_temporal":null,"dcterms_rights_holder":["\u0026copy; Georgia Department of Audits"],"dcterms_bibliographic_citation":null,"dlg_local_right":null,"dcterms_medium":["state government records"],"dcterms_extent":null,"dlg_subject_personal":null,"iiif_manifest_url_ss":null,"dcterms_subject_fast":null,"fulltext":"ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nSINGLE AUDIT REPORT \r\nFOR THE FISCAL YEAR ENDED JUNE 30, 2009 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nSINGLE AUDIT REPORT FOR THE YEAR ENDED JUNE 30, 2009 \r\n \r\nTABLE OF CONTENTS \r\n \r\nPage \r\n \r\nINDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS ............................................................. 1- 3 \r\n \r\nINDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 ............................................................................................................................... 4-6 \r\n \r\nSCHEDULE OF EXPENDITURES OF FEDERAL AWARDS....................................................................................... 7- 9 \r\n \r\nNOTE TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS ............................................................ 10 \r\n \r\nSCHEDULE OF FINDINGS AND QUESTIONED COSTS.......................................................................................... 11-14 \r\n \r\nSCHEDULE OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS .................................................................... 14 \r\n \r\n INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS \r\nBASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS \r\nTo the Superintendent and Members of the Atlanta Independent School System \r\nAtlanta, Georgia \r\nWe have audited the financial statements of the governmental activities, business-type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of the Atlanta Independent School System (the \"School System\") as of and for the year ended June 30, 2009, which collectively comprise the Atlanta Independent School System's basic financial statements and have issued our report thereon dated February 26, 2010. Our report was modified to include a reference to other auditors and describes the change in accounting policy and estimates associated with capitalization threshold and depreciation methods for the School System's capital assets. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Other auditors audited the financial statements of the School System's discretely presented component unit, the Atlanta Educational Telecommunications Collaborative, Inc., and the School System's belended component units (charter schools) which included: Drew Charter School, Inc.; Imagine Wesley International Academy, LLC; KIPP West Atlanta Young Scholars Academy, Inc.; Neighborhood Charter School, Inc.; Southeast Atlanta Charter Middle School, Inc.; Tech High School, Inc.; and University Community Academy Inc., as described in our report on the School System's financial statements. This report does not include the results of the other auditors' testing of internal control over financial reporting or compliance and other matters that are reported on separately by those auditors. The financial statements of Atlanta Educational Telecommunications Collaborative, Inc.; Drew Charter School, Inc.; KIPP West Atlanta Young Scholars Academy, Inc.; Neighborhood Charter School, Inc.; Southeast Atlanta Charter Middle School, Inc.; Tech High School, Inc.; and University Community Academy, Inc. were not audited in accordance with Government Auditing Standards. \r\nInternal Control Over Financial Reporting \r\nIn planning and performing our audit, we considered the School System's internal control over financial reporting as a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the School System's internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Atlanta Independent School System's internal control over financial reporting. \r\n \r\n Our consideration of the internal control over financial reporting was for the limited purpose described in the first preceding paragraph and would not necessarily identify all deficiencies in the internal control over financial reporting that might be significant deficiencies or material weaknesses. However, as discussed below, we identified certain deficiencies in internal control over financial reporting that we consider to be significant deficiencies. \r\nA control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the entity's ability to initiate, authorize, record, process, or report financial data reliably in accordance with generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the entity's financial statements that is more than inconsequential will not be prevented or detected by the School System's internal control. We consider the deficiencies described in the accompanying schedule of findings and questioned costs, as item 2009-1 to be a significant deficiency in internal control over financial reporting. \r\nA material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the financial statements will not be prevented or detected by the entity's internal control. \r\nOur consideration of the internal control over financial reporting was for the limited purpose described in the first paragraph of this section and would not necessarily identify all deficiencies in the internal control that might be significant deficiencies and, accordingly, would not necessarily disclose all significant deficiencies that are also consdiered to be material weaknesses. However, we consider the significant deficiency described above as item 2009-1 to be a material weakness. \r\nCompliance and Other Matters \r\nAs part of obtaining reasonable assurance about whether the School System's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed an instance of noncompliance or other matters that are required to be reported under Government Auditing Standards and which is described in the accompanying schedule of findings and questioned costs as item 2009-2. \r\nWe also noted certain matters that we reported to management of the Atlanta Independent School System in a separate letter dated February 26, 2010. \r\nThe School System's responses to the findings identified in our audit are descibed in the accompanying schedule of findings and questioned costs. We did not audit the School System's responses and, accordingly, we expresee no opinion on them. \r\n2 \r\n \r\n This report is intended solely for the information of management, the members of the Atlanta Independent School System, others within the entity, and federal awarding agencies and pass-through entities and is not intended to be and should not be used by anyone other than these specified parties. \r\nAtlanta, Georgia February 26, 2010 \r\n3 \r\n \r\n INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO EACH MAJOR PROGRAM AND ON \r\nINTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 \r\nTo the Superintendent and Members of the Atlanta Independent School System \r\nAtlanta, Georgia \r\nCompliance \r\nWe have audited the compliance of the Atlanta Independent School System (the \"School System\") with the types of compliance requirements described in the U.S. Office of Management and Budget (OMB) Circular A-133 Compliance Supplement that are applicable to each of its major federal programs for the year ended June 30, 2009. The School System's major federal programs are identified in the summary of auditor's results section of the accompanying schedule of findings and questioned costs. Compliance with the requirements of laws, regulations, contracts, and grants applicable to each of its major federal programs is the responsibility of the School System's management. Our responsibility is to express an opinion on the Atlanta Independent School System's compliance based on our audit. \r\nThe School System's basic financial statements include the operations of the Drew Charter School, Inc.; KIPP West Atlanta Young Scholars Academy, Inc.; University Community Academy, Inc.; Southeast Atlanta Charter Middle School, Inc.; Imagine Wesley International Academy, LLC, and Tech High School, Inc.; which received $554,517; $445,617; $164,721; $44,452; $61,533, and $112,881, respectively, in federal awards which are not included in the Schedule of Expenditures of Federal Awards for the year ended June 30, 2009. Our audit, described below, did not include the operations of these entities because these charter schools engaged other auditors. \r\nWe conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, Audits of States, Local Governments and Non-Profit Organizations. Those standards and OMB Circular A-133 require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the School System's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination of the School System's compliance with those requirements. \r\n \r\n In our opinion, the Atlanta Independent School System complied, in all material respects, with the requirements referred to above that are applicable to each of its major federal programs for the year ended June 30, 2009. However, the results of our auditing procedures disclosed an instance of noncompliance with those requirements, which is required to be reported in accordance with OMB Circular A-133 and is described in the accompanying schedule of findings and questioned costs as item 2009-3. \r\nInternal Control Over Compliance \r\nThe management of the Atlanta Independent School System is responsible for establishing and maintaining effective internal control over compliance with the requirements of laws, regulations, contracts, and grants applicable to federal programs. In planning and performing our audit, we considered the Atlanta Independent School System's internal control over compliance with the requirements that could have a direct and material effect on a major federal program in order to determine our auditing procedures for the purpose of expressing our opinion on compliance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the Atlanta Independent School System's internal control over compliance. \r\nOur consideration of internal control over compliance was for the limited purpose described in the preceding paragraph and would not necessarily identify all deficiencies in the Atlanta Independent School System's internal control that might be significant deficiencies or material weaknesses as defined below. However, as discuss below, we identified a certain deficiency in internal control over compliance that we consider to be a significant deficiency. \r\nA control deficiency in an entity's internal control over compliance exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect noncompliance with a type of compliance requirement of a federal program on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the entity's ability to administer a federal program such that there is more than a remote likelihood that noncompliance with a type of compliance requirement of a federal program that is more than inconsequential will not be prevented or detected by the entity's internal control. We consider the deficiency in internal control over compliance described in the accompanying schedule of findings and questioned costs as item 2009-3 to be a significant deficiency. \r\nA material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that material noncompliance with a type of compliance requirement of a federal program will not be prevented or detected by the entity's internal control. We did not consider the deficiency described in the accompanying schedule of findings and questioned costs to be a material weakness. \r\n5 \r\n \r\n Schedule of Expenditures of Federal Awards We have audited the financial statements of the governmental activities, business type activities, the \r\ndiscretely presented component unit, each major fund, and the aggregate remaining fund information of the Atlanta Independent School System as of and for the year ended June 30, 2009, and have issued our report thereon dated February 26, 2010, which refers to the work of other auditors and describes the change in accounting policy and estimates associated with capitalization threshold and depreciation methods for the School System's capital assets. Our audit was performed for the purpose of forming our opinions on the financial statements that collectively comprise the Atlanta Independent School System's basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by OMB Circular A-133 and is not a required part of the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole. \r\nThe Atlanta Independent School System's responses to the finding identified in our audit are described in the accompanying schedule of findings and questioned costs. We did not audit Atlanta Independent School System's response and, accordingly, we express no opinion on them. \r\nThis report is intended solely for the information and use of management, the members of the Atlanta Independent School System, others within the entity, and federal awarding agencies and pass-through entities and is not intended to be and should not be used by anyone other than these specified parties. \r\nAtlanta, Georgia February 26, 2010 \r\n6 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nSCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE FISCAL YEAR ENDED JUNE 30, 2009 \r\n \r\nFEDERAL GRANTOR/PASS-THROUGH GRANTOR/PROGRAM TITLE \r\nU.S. Department of Agriculture: Child Nutrition Cluster Pass-Through From Georgia Department of Education Food and Nutrition Program Food Services School Breakfast Program National School Lunch Program: Cash Assistance Non-Cash Assistance (Commodities) - Note 2 \r\nTotal Child Nutrition Cluster \r\nTotal U.S. Department of Agriculture \r\nU.S. Department of Education: Direct Enhanced Reading Opportunities Professional Development for Arts Educators Atlanta Emergency Response \u0026 Crisis Management Impact Aid Advance Placement Incentive \r\nSpecial Education Cluster Pass-Through From Georgia Department of Education Individuals with Disabilities Education Act (IDEA) Part B-Special Education Flow Through Preschool \r\nOther Programs Pass-Through From Georgia Department of Education Elementary and Secondary Education Act Title I Improving Academic Achievement School Improvement Distinguished District Awards \r\nReading First State Grants \r\n \r\nCFDA NUMBER \r\n10.553 10.555 10.555 \r\n \r\nSubtotal \r\n \r\n84.215 84.351 84.184 84.041 84.330 \r\n \r\nSubtotal \r\n \r\n84.027 84.173 \r\n \r\nSubtotal \r\n \r\n84.010 84.010 84.010 \r\n84.357 \r\n \r\nPASSTHROUGH ENTITY ID NUMBER \r\n \r\nTOTAL EXPENDITURES \r\n \r\nN/A \r\n \r\n$ \r\n \r\nN/A N/A \r\n \r\n4,562,419 \r\n14,613,506 1,571,551 \r\n20,747,476 \r\n20,747,476 \r\n \r\nN/A \r\n \r\n638,860 \r\n \r\nN/A \r\n \r\n94,164 \r\n \r\nN/A \r\n \r\n80,214 \r\n \r\nN/A \r\n \r\n137,168 \r\n \r\nN/A \r\n \r\n15,712 \r\n \r\n966,118 \r\n \r\nN/A \r\n \r\n8,038,230 \r\n \r\nN/A \r\n \r\n243,199 \r\n \r\n8,281,429 \r\n \r\nN/A \r\n \r\n40,638,650 \r\n \r\nN/A \r\n \r\n1,371,663 \r\n \r\nN/A \r\n \r\n202,446 \r\n \r\n42,212,759 \r\n \r\nN/A \r\n \r\n3,273,155 \r\n \r\n(Continued) \r\n \r\n7 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nSCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE FISCAL YEAR ENDED JUNE 30, 2009 \r\n \r\nFEDERAL GRANTOR/PASS-THROUGH GRANTOR/PROGRAM TITLE \r\nTitle II Improving Teacher Quality Advanced Placement \r\nTeacher Teamwork and Technology \r\nOther Programs Pass-Through From Georgia Department of Education Title III Limited English Proficient Immigrant \r\nTitle IV Safe and Drug Free Schools And Communities Education for Homeless Children and Youth \r\nTitle V State Grants for Innovative Programs \r\n \r\nCFDA NUMBER \r\n \r\nSubtotal \r\n \r\n84.367 84.367 \r\n84.318 \r\n \r\nPASSTHROUGH ENTITY ID NUMBER \r\n \r\nTOTAL EXPENDITURES \r\n \r\nN/A \r\n \r\n7,330,257 \r\n \r\nN/A \r\n \r\n3,895 \r\n \r\n7,334,152 \r\n \r\nN/A \r\n \r\n87,180 \r\n \r\n84.365 \r\n \r\nN/A \r\n \r\n84.365 \r\n \r\nN/A \r\n \r\nSubtotal \r\n \r\n84.186 \r\n \r\nN/A \r\n \r\n84.196 \r\n \r\nN/A \r\n \r\nSubtotal \r\n \r\n84.298 \r\n \r\nN/A \r\n \r\n150,043 11,250 \r\n161,293 \r\n515,239 33,070 \r\n548,309 \r\n86,438 \r\n \r\nPass-Through From Georgia Department of Education \r\n \r\nVocational Education-Basic Grants to States \r\n \r\nProfessional Development \r\n \r\n84.048 \r\n \r\nN/A \r\n \r\nEducation Career Partnership \r\n \r\n84.048 \r\n \r\nN/A \r\n \r\nProgram Improvement \r\n \r\n84.048 \r\n \r\nN/A \r\n \r\nSubtotal \r\n \r\nPass-Through From Georgia State University Teacher Quality Enhancement Grant \r\n \r\n84.336 \r\n \r\nN/A \r\n \r\nPass-Through From Georgia Department of Technical and Adult Education Adult Education \r\n \r\n84.002 \r\n \r\nN/A \r\n \r\nAmerican Recovery Reinvestment Act State Fiscal Stabilization Funds \r\n \r\n84.394A \r\n \r\nN/A \r\n \r\nCharter Schools \r\n \r\n84.282 \r\n \r\nN/A \r\n \r\nSchool Improvement Federal - G funds \r\n \r\n84.377 \r\n \r\nN/A \r\n \r\nLearn and Serve America \r\n \r\n94.004 \r\n \r\nN/A \r\n \r\n79,909 53,108 552,836 685,853 \r\n55,106 \r\n800,768 \r\n3,090,493 200,000 695,858 1,750 \r\n \r\nTotal U.S. Department of Education \r\nU.S. Department of Health and Human Resources: Other Programs Pass-Through From Georgia Department of Community Health Child Intervention Services \r\nPass-Through From YMCA Head Start \r\nTotal U.S. Department of Health and Human Services \r\nNational Science Foundation Direct Atlanta Urban Systemic Initiative (ASI) \r\n \r\n93.912 \r\n \r\nN/A \r\n \r\n93.600 \r\n \r\nN/A \r\n \r\n47.076 \r\n \r\nN/A \r\n \r\n68,480,661 337 \r\n388,807 389,144 230,218 \r\n \r\n(Continued) \r\n \r\n8 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nSCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE FISCAL YEAR ENDED JUNE 30, 2009 \r\n \r\nFEDERAL GRANTOR/PASS-THROUGH GRANTOR/PROGRAM TITLE \r\nU. S. Department of Defense: R.O.T.C. Program-Air Force R.O.T.C. Program-Navy Total U.S. Department of Defense \r\nTotal Expenditures of Federal Awards \r\n \r\nCFDA NUMBER \r\n \r\nPASSTHROUGH ENTITY ID NUMBER \r\n \r\nTOTAL EXPENDITURES \r\n \r\n12. unknown \r\n \r\nN/A \r\n \r\n12. unknown \r\n \r\nN/A \r\n \r\n1,004,927 95,420 \r\n1,100,347 \r\n \r\n$ \r\n \r\n90,947,846 \r\n \r\n9 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nNOTE TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR THE YEAR ENDED JUNE 30, 2009 \r\n \r\nNOTE 1. \r\n \r\nBASIS OF PRESENTATION \r\nThe Schedule of Expenditures of Federal Awards includes the federal grant activity of the Atlanta Independent School System and is presented on the accrual basis of accounting. \r\nThe information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements. \r\n \r\nNOTE 2. \r\n \r\nFOOD DONATION (COMMODITIES) PROGRAM \r\nThe amounts shown for the Food Donation Program (Non-cash assistance commodities) on the schedule of expenditures of federal awards represent the Federally assigned value of nonmonetary assistance for donated commodities received and/or consumed by the School System during the current fiscal year. \r\n \r\n10 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nSCHEDULE OF FINDINGS AND QUESTIONED COSTS FOR THE FISCAL YEAR ENDED JUNE 30, 2009 \r\n \r\nFinancial Statements Type of auditor's report issued \r\n \r\nSECTION I SUMMARY OF AUDIT RESULTS \r\nUnqualified \r\n \r\nInternal control over financial reporting: Material weaknesses identified? \r\n \r\n__X_ yes ____ no \r\n \r\nSignificant deficiencies identified not considered to be material weaknesses? \r\n \r\n____ yes __X_ none reported \r\n \r\nNoncompliance material to financial statements noted? __X__ yes ___ no \r\n \r\nFederal Awards Internal Control over major programs: Material weaknesses identified? \r\n \r\n____ yes __X_ no \r\n \r\nSignificant deficiencies identified not considered to be material weaknesses? \r\n \r\n__X_ yes ____ none reported \r\n \r\nType of auditor's report issued on compliance for major programs \r\n \r\nUnqualified \r\n \r\nAny audit findings disclosed that are required to be reported in accordance with OMB Circular A-133, Section 510(a)? \r\n \r\n__X_ yes ____ no \r\n \r\nIdentification of major program: Name of Federal Program or Cluster / CFDA Number \r\n \r\nNon-Cluster Programs: U.S. Department of Education, Title I  Grants to Local Educational Agencies, CFDA # 84.010 and State Fiscal American Recovery Reinvestment Act  State Fiscal Stabilization Funds Education, CFDA # 84.394A \r\n \r\nChild Nutrition Cluster: U.S. Department of Education, Title VIB  Student Education Cluster, CFDA # 84.027 and 84.173 \r\n \r\nDollar threshold used to distinguish between Type A and Type B programs: \r\n \r\n$2,728,435 \r\n \r\nAuditee qualified as low-risk auditee? \r\n \r\n___ yes _X_ no \r\n \r\n11 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nSCHEDULE OF FINDINGS AND QUESTIONED COSTS FOR THE FISCAL YEAR ENDED JUNE 30, 2009 \r\nSECTION II FINANCIAL STATEMENT FINDINGS AND QUESTIONED COSTS \r\n2009 - 1 Capital Assets Reporting \r\nCriteria: Internal controls should be in place to ensure amounts reported as capital assets, depreciation expense and accumulated depreciation expense are properly recorded in accordance with generally accepted accounting principles and sufficient policy and procedures are in place for adequate maintenance of capital assets details. \r\nCondition: Internal controls were not sufficient to detect material misstatements in the reporting of the School System's capital assets, depreciation expense, and accumulated depreciation expense for its governmental capital assets. Capital assets of the prior year were either duplicated or improperly excluded from the School System detailed capital asset listing. In addition, the School System changed its depreciation method from the half-year convention method to the monthly straight-line depreciation method in which both are generally accepted accounting prinicples. However, the School System's capital asset system incorrectly calculated current year depreciation expense and ending accumulated depreciation expense as a result of the accounting change. \r\nContext/Cause: During our testing of capital assets, audit adjustments were required to decrease accumulated depreciation, book value of capital assets, and beginning net assets by approximately $6,284,000, $12,190,000, and $5,906,000, respectively, due to the duplication and omission of certain capital assets. In addition, audit adjustments were required to increase depreciation expense and accumulated depreciation expense by approximately $5,298,000 as result of errors in calculating depreciation expense. The errors above were not timely detected by the School System's management. \r\nEffects: The net effect of the above errors in relation to the omission and duplication of assets resulted in governmental activities net capital assets and net assets of the prior year being overstated by approximately $5,906,000 while the error in calculating current year depreciation expense and ending accumulated depreciation expense resulted in an understatement of approximately $5,298,000. \r\nRecommendation: We recommend the School System continue to strengthen internal controls to ensure the School System is properly reporting capital assets, calculating depreciation expense and accumulated depreciation, and that a proper review of the calculations are being conducted by an appropriate individual of the School System. \r\nViews of Responsible Officials and Planned Correction Action: We concur with the finding. The prior period duplications and associated adjustments were detected by managements' internal control structure and presented to the auditors. These adjustments had no effect on the capital assets ending balances presented by management. However, we will take necessary steps in the future to recalculate depreciation expense and accumulated depreciation expense to ensure amounts are properly recorded. \r\n12 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nSCHEDULE OF FINDINGS AND QUESTIONED COSTS FOR THE FISCAL YEAR ENDED JUNE 30, 2009 \r\nSECTION II FINANCIAL STATEMENT FINDINGS AND QUESTIONED COSTS - CONTINUED \r\n2009 - 2 Collateralization of Deposits \r\nCriteria: State Statutes require all deposits and investments (other than federal or state government instruements) to be collaterialized by depository insurance, obiligations of the U.S. government, or bonds of public authorities, counties or municipalities. \r\nCondition: As of June 30, 2009, the School System had approximately $129,000 in deposits that were not properly collateralized in accordance with the Official Code of Georgia Annotated (OCGA) Section 45-8-12 . \r\nContext/Cause: The deposits with a financial institution exceeded the limit for federal depository insurance coverage and were not collateralized by obligations of the U.S. government, or bonds of public authorities, counties, or municipalities. \r\nEffects: The failure of a finanical institution to fully insure or collateralize deposits could result in a financial loss to the School System should the financial instituion fail. \r\nRecommendation: The School System should ensure that all deposits with financial institutions are properly coded as public funds. The School System should also monitor its deposits on an monthly basis to ensure all deposits over the federal depository insurance coverage limit are properly collateralized in accordance with State statues. \r\nViews of Responsible Officials and Planned Correction Action: We concur with the finding. The deposits were collateralized at 107% and not 110%. Collateral was managed in accordance to interpretation of changes in FDIC regulations and one of the financial institutions used by the School System application of pledge collateral was subject to the change in the regulations. The deposits in question have been since fully collateralized within state requirements. The School System will ensure all deposits are properly coded as public funds and has a process in place to review the adequacy of the deposit collateral monthly, quarterly, and annually in accordance with state statutes. \r\n2009 -3 Allowable Costs/Activities  U.S. Department of Education, IDEA, (CFDA #84.027 and 84.173) Repeat \r\nCriteria: In accordance with the terms of the Special Education Cluster (CFDA 84.027 and 84.173) and OMB Circular A-87, Cost Principles for State, Local and Indian Tribe Governments, semi-annual certification of time and effort sheets should be maintained for employees who work solely on a single cost objective (i.e. special education services). OMB Circular A-87 Attachment B, 8(h)4 also requires that the distribution of salaries and wages for employees, who work on multiple activities or cost objectives, be supported by personnel activity reports or equivalent documentation which reflect an after-the-fact distribution of the actual activity of each employee and be prepared at least monthly. These reports must also be signed by the employee. \r\nCondition and Context: For the year ended June 30, 2009, the School System was not properly maintaining semiannual certification of time and effort sheets for teachers and other staff being paid out of Special Education funds and therefore, did not require documentation for the allocation of effort as required by OMB Circular A-87. The School System only conducted one annual certification of time and effort sheets for teachers and other staff at the beginning of the school term instead of conducting semi-annual certifications after the fact. \r\n13 \r\n \r\n ATLANTA INDEPENDENT SCHOOL SYSTEM \r\nSCHEDULE OF FINDINGS AND QUESTIONED COSTS FOR THE FISCAL YEAR ENDED JUNE 30, 2009 \r\nSECTION II FINANCIAL STATEMENT FINDINGS AND QUESTIONED COSTS - CONTINUED \r\n2009 -3 Semi Allowable Costs/Activities  U.S. Department of Education, IDEA, (CFDA #84.027 and 84.173)  Repeat -Continued \r\nEffects or possible effects: Personnel salaries unrelated to Special Education could be funded with Special Education funds. Therefore, unallowable costs could be charged to the grant. \r\nCause: There was a lack of oversight and a lack of understanding of the compliance requirements by management and/or program directors in relation to required time and effort reports. \r\nQuestioned Costs: Likely questioned costs of approximately $6,837,000. \r\nRecommendation: We recommend the School System maintain semi-annual certification of time and effort sheets on all employees whose salaries are funded out of Special Education funds. Documentation of this should meet the requirements of OMB Circular A-87 Cost Principles for State, Local, and Indian Tribal Governments. \r\nViews of Responsible Officials: After careful review, we concur that we did not have a periodic certification \r\nform for individuals paid from IDEA Part B funds. A periodic certification process has been formalized. A communication process has been developed to notify all necessary staff about the revised process and procedures for periodic certification. \r\nSECTION IV STATUS OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS \r\n2008 -5 Special Test - Title I, Part A, Schoolwide Programs (CFDA 84.010) \r\nFinding: As noted in our testing of the schools in the district operation school-wide programs, zero (0) of the forty-six (46) schools tested had an annual evaluation of and results achieved by, the School-wide program and revision of the School-wide plan based on that evaluation included in the current year School-wide plans. \r\nStatus: Annual updates were evidenced in the plan which included revisions to academic data and targets, subject area focus, and instructional strategies to reflect the results of the evaluation. The School System's management have taken additional steps to ensure the plans include all Title I requirements and the evaluation component is clearly identifiable in all plans. \r\n2008 -6 Semi-Annual Certification of Time and Effort Sheets  Special Education Cluster \r\nFinding: For the year ended June 30, 2008, the School System was not properly maintaining semi-annual certification of time and effort sheets for teachers and other staff being paid out of Special Education funds and therefore, did not require documentation for the allocation of effort as required by OMB Circular A-87. \r\nStatus: Repeat Finding  See 2009-3 in the section III, Federal Awards Findings and Questioned Costs. \r\n14 \r\n \r\n "},{"id":"dlg_ggpd_y-ga-ba800-b-pr1-be33-ba7-b2007-h2008","title":"Atlanta Independent School System, comprehensive annual financial report, fiscal year ended June 30, 2008, June 30, 2008","collection_id":"dlg_ggpd","collection_title":"Georgia Government Publications","dcterms_contributor":["Georgia. 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