2012 CAFR - Pickerington Local School District

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PICKERINGTON LOCAL SCHOOL DISTRICT FAIRFIELD COUNTY, OHIO MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE FISCAL YEAR ENDED JUNE 30, 2012 At fiscal year-end, capital assets represented 63.41% of total assets. Capital assets include land, land improvements, buildings and improvements, furniture and equipment and vehicles. Investments in capital assets, net of related debt to acquire the assets at June 30, 2012 were $51,203,737. These capital assets are used to provide services to the students and are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources to repay the debt must be provided from other sources, since capital assets may not be used to liquidate these liabilities. A portion of the District’s net assets, $15,100,633, represents resources that are subject to external restriction on how they may be used. Of this amount, $8,887,908 is restricted for capital projects and $3,863,483 is restricted for classroom facilities maintenance. Net assets restricted for capital projects decreased $25,722,483 as the District has finished its OSFC project. The remaining balance of unrestricted net assets is balance of $6,287,194. The graph below illustrates the District’s assets, liabilities and net assets at June 30, 2012 and June 30, 2011. Governmental Activities $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $- $288,914,964 $287,338,564 $216,323,400 $217,429,264 $72,591,564 $69,909,300 2012 2011 Net Assets Liabilities Assets The table below shows the change in net assets for fiscal years 2012 and 2011. Change in Net Assets Governmental Governmental Activities Activities 2012 2011 Revenues Program revenues: Charges for services and sales $ 5,144,274 $ 4,794,506 Operating grants and contributions 7,346,928 13,699,733 General revenues: Property taxes 42,191,660 42,311,934 School district income taxes 14,182,466 13,646,693 Grants and entitlements not restricted 45,157,451 44,587,183 Payment in lieu of taxes 152,625 231,511 Investment earnings 91,970 206,830 Other 142,219 104,079 Total revenues 114,409,593 119,582,469 F 6
PICKERINGTON LOCAL SCHOOL DISTRICT FAIRFIELD COUNTY, OHIO MANAGEMENT’S DISCUSSION AND ANALYSIS FOR THE FISCAL YEAR ENDED JUNE 30, 2012 Change in Net Assets Governmental Governmental Activities Activities 2012 2011 Expenses Program expenses: Instruction: Regular $ 47,965,763 $ 53,303,768 Special 8,396,846 9,164,454 Vocational 438,906 1,039,530 Other 3,417,335 2,973,424 Support services: Pupil 4,903,756 5,389,487 Instructional staff 5,487,355 7,518,291 Board of education 528,244 716,717 Administration 8,099,300 8,301,524 Fiscal 1,854,338 1,867,031 Business 540,477 509,414 Operations and maintenance 10,440,229 9,890,158 Pupil transportation 5,556,206 5,621,125 Central 157,325 175,403 Operation of non-instructional services: Food service operations 4,480,977 4,773,849 Other non-instructional services 48,703 54,984 Extracurricular activities 2,219,007 2,777,341 Interest and fiscal charges 7,192,562 8,865,592 Total expenses 111,727,329 122,942,092 Change in net assets 2,682,264 (3,359,623) Net assets at beginning of year 69,909,300 73,268,923 Net assets at end of year $ 72,591,564 $ 69,909,300 Governmental Activities Net assets of the District’s governmental activities increased $2,682,264. Total governmental expenses of $111,727,329 were offset by program revenues of $12,491,202 and general revenues of $101,918,391. Program revenues supported 11.18% of the total governmental expenses. The decrease in total governmental expenditures can be attributed to the staff reductions from the prior year of approximately 97 employees. In the area of program revenues, the significant decrease was in operating grants and contributions which decreased $6,352,805. This decrease is attributable primarily to a decrease in federal money received through grant funds such as IDEA Part B and Education Stabilization. The American Recovery and Reinvestment Act (ARRA) funds were received in fiscal year 2011 and were not available again in fiscal year 2012. F 7
Page 1 and 2: ThePickeringtonLocalSchoolDistrict
Page 3 and 4: COMPREHENSIVE ANNUAL COMPREHENSIVE
Page 5 and 6: INTRODUCTORY SECTION
Page 7 and 8: PICKERINGTON LOCAL SCHOOL DISTRICT
Page 9 and 10: COMBINING STATEMENTS AND INDIVIDUAL
Page 13 and 14: Instructional Organization: The Dis
Page 15 and 16: Summer School Opportunities: The Di
Page 17 and 18: AWARDS AND ACKNOWLEDGEMENTS The Gov
Page 19 and 20: Pickerington Local School District
Page 21 and 22: FINANCIAL SECTION
Page 23 and 24: INDEPENDENT AUDITORS’ REPORT Boar
Page 27: PICKERINGTON LOCAL SCHOOL DISTRICT
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PICKERINGTON LOCAL SCHOOL DISTRICT
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COMBINING STATEMENTS AND INDIVIDUAL
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PICKERINGTON LOCAL SCHOOLS FAIRFIEL
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PICKERINGTON LOCAL SCHOOLS COMBININ
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Summer School Alternative Education
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Miscellaneous Federal Grants Total
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Data Summer School Alternative Educ
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Total Drug Free Nonmajor School Mis
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PICKERINGTON LOCAL SCHOOLS FAIRFIEL
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STATISTICAL SECTION
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2008 2007 2006 2005 2004 2003 $ 7,8
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2008 2007 2006 2005 2004 2003 $ 47,
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2008 2007 2006 2005 2004 2003 $ 801
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2008 2007 2006 2005 2004 2003 $ 27,
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2008 2007 2006 2005 2004 2003 $ - $
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2008 2007 2006 2005 2004 2003 $ 41,
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2008 2007 2006 2005 2004 2003 $ - $
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Total Total Estimated Direct Assess
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Madison Violet School Township - Ci
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2007 2006 2005 2004 2003 $ 7,645,73
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2006 2005 2004 2003 92,544 92,544 9
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2012 CAFR - Pickerington Local School District

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