comprehensive annual financial report · report of the glendale union high school district no. 205...
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COMPREHENSIVE ANNUAL
FINANCIAL REPORT
Fiscal Year Ended
June 30, 2019
Glendale Union High School District No. 205 7650 North 43rd Avenue Glendale, Arizona 85301
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205
GLENDALE, ARIZONA
COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2019
Issued by: Finance Department
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205
TABLE OF CONTENTS
INTRODUCTORY SECTION Page Letter of Transmittal 1 ASBO Certificate of Excellence 7 GFOA Certificate of Achievement 8 Organization Chart 9 List of Principal Officials 10 FINANCIAL SECTION INDEPENDENT AUDITOR’S REPORT 13 MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) 17 BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements:
Statement of Net Position 30 Statement of Activities 31
Fund Financial Statements: Balance Sheet – Governmental Funds 34 Reconciliation of the Balance Sheet – Governmental Funds to the Statement of Net Position 37 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds 38 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds to the Statement of Activities 40 Statement of Net Position – Proprietary Funds 41
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205
TABLE OF CONTENTS
FINANCIAL SECTION Page BASIC FINANCIAL STATEMENTS
Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds 42 Statement of Cash Flows – Proprietary Funds 43 Statement of Assets and Liabilities – Fiduciary Funds 44
Notes to Financial Statements 45
REQUIRED SUPPLEMENTARY INFORMATION Schedule of Revenues Expenditures and Changes in Fund Balances –
Budget and Actual: General Fund 78
Pension Schedules 79
OPEB Schedules 80 Notes to Required Supplementary Information 83
COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES
Governmental Funds:
Combining Balance Sheet – All Non-Major Governmental Funds – By Fund Type 88 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – All Non-Major Governmental Funds – By Fund Type 89
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205
TABLE OF CONTENTS
FINANCIAL SECTION Page
COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES
Special Revenue Funds: Combining Balance Sheet 92 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 98 Combining Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual 104
Debt Service Fund:
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual 128
Capital Projects Funds:
Combining Balance Sheet 130 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 132 Combining Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual 134
Agency Fund:
Statement of Changes in Assets and Liabilities 140
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205
TABLE OF CONTENTS
STATISTICAL SECTION Page Financial Trends:
Net Position by Component 142 Expenses, Program Revenues, and Net (Expense)/Revenue 143 General Revenues and Total Changes in Net Position 145 Fund Balances – Governmental Funds 147 Governmental Funds Revenues 149 Governmental Funds Expenditures and Debt Service Ratio 151 Other Financing Sources and Uses and Net Changes in Fund Balances – Governmental Funds 153
Revenue Capacity:
Net Limited Assessed Value and Full Cash Value of Taxable Property by Class 154 Net Full Cash Assessed Value of Taxable Property by Class 155 Property Tax Assessment Ratios 156 Direct and Overlapping Property Tax Rates 157 Principal Property Taxpayers 158 Property Tax Levies and Collections 159
Debt Capacity:
Outstanding Debt by Type 160 Direct and Overlapping Governmental Activities Debt 161 Direct and Overlapping General Bonded Debt Ratios 161 Legal Debt Margin Information 162
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205
TABLE OF CONTENTS
STATISTICAL SECTION Page
Demographic and Economic Information:
County-Wide Demographic and Economic Statistics 163 Principal Employers 164
Operating Information: Full-Time Equivalent District Employees by Type 165 Operating Statistics 167 Teacher Demographic Information 168
Capital Assets Information 170
INTRODUCTORY SECTION
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December 3, 2019 Citizens and Governing Board Glendale Union High School District No. 205 7650 North 43rd Avenue Glendale, Arizona 85301 State law mandates that school districts required to undergo an annual single audit publish a complete set of financial statements presented in conformity with accounting principles generally accepted in the United States of America and audited in accordance with auditing standards generally accepted in the United States by a certified public accounting firm licensed in the State of Arizona. Pursuant to that requirement, we hereby issue the comprehensive annual financial report of the Glendale Union High School District No. 205 (District) for the fiscal year ended June 30, 2019. This report consists of management’s representations concerning the finances of the District. Consequently, management assumes full responsibility for the completeness and reliability of all of the information presented in this report. To provide a reasonable basis for making these representations, management of the District has established a comprehensive internal control framework that is designed both to protect the District’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the District’s financial statements in conformity with accounting principles generally accepted in the United States of America. Because the cost of internal controls should not outweigh their benefits, the District’s comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free of material misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects. The District’s financial statements have been audited by Heinfeld, Meech & Co., P.C., a certified public accounting firm. The goal of the independent audit was to provide reasonable assurance that the financial statements of the District for the fiscal year ended June 30, 2019, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditors concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the District’s financial statements for the fiscal year ended June 30, 2019, are fairly presented in conformity with accounting principles generally accepted in the United States of America. The independent auditor’s report is presented as the first component of the financial section of this report.
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The independent audit of the financial statements of the District was part of a broader, federally mandated Single Audit as required by the provisions of the Single Audit Act Amendments of 1996 and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on the District’s internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of federal awards. These reports are available in a separately issued Single Audit Reporting Package. Accounting principles generally accepted in the United States of America require that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The District’s MD&A can be found immediately following the report of the independent auditors. PROFILE OF THE DISTRICT The District is one of 58 public school districts located in Maricopa County, Arizona. It is the second largest high school district in Arizona providing a program of public education from grade nine through grade 12. The District’s Governing Board is organized under Section 15-321 of the Arizona Revised Statutes (A.R.S.). Management of the District is independent of other state or local governments. The County Treasurer collects taxes for the District, but exercises no control over its expenditures/expenses. The membership of the Governing Board consists of five members elected by the public. Under existing statutes, the Governing Board’s duties and powers include, but are not limited to, the acquisition, maintenance and disposition of school property; the development and adoption of a school program; and the establishment, organization and operation of schools. The Board also has broad financial responsibilities, including the approval of the annual budget, and the establishment of a system of accounting and budgetary controls. The financial reporting entity consists of a primary government and its component units. A component unit is a legally separate entity that must be included in the reporting entity in conformity with generally accepted accounting principles. The District is a primary government because it is a special-purpose government that has a separately elected governing body, is legally separate, and is fiscally independent of other state or local governments. Furthermore, the component unit combined with the District for financial statement purposes and the District are not included in any other governmental entity. Consequently, the District’s financial statements include only the funds of those organizational entities for which its elected governing board is financially accountable. The District’s major operations include education, student transportation, construction and maintenance of District facilities, food services, bookstore, and athletic functions.
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Blended component units, although legally separate entities, are, in substance, part of the District’s operations. The Glendale Union High School District No. 205 Employee Benefit Trust is responsible for providing health insurance for the District’s employees. The District’s Governing Board appoints the Trust’s Board of Directors. The Glendale Union High School District No. 205’s Employee Benefit Trust provides services entirely to the District and therefore has been included as an Internal Service Fund in accordance with the criteria established by GASB. Founded in 1911, Glendale Union High School District serves the communities of Phoenix and Glendale and encompasses 60 square miles. Comprised of nine comprehensive high schools, two alternative programs and an on-line academy for grades 9-12, the urban district enrolls 16,700 students and has approximately 150,000 constituents in the Phoenix metropolitan area. The Arizona Department of Education, North Central Association of Schools and Colleges (NCA CASI) and AdvancEd accredit all schools. U.S. News & World Report ranks the district’s nine comprehensive schools among the best high schools in the nation and all are part of the College Board’s 2013 National Advanced Placement District of the Year. Other recent district recognitions, achievements, and accolades include:
Eighty-two percent of graduates enroll in postsecondary education options. Class of 2019 earned more than $85 million in scholarships. Graduation rate of (90%) exceeds state average of (78%) and peer districts average (88%). Seven “A” Rated Schools AZ Dept. of Education. Extracurricular participation at 76 percent. Students earned 8,096 college credits through dual enrollment programs. Students totaled 97,200 community service hours. Students consistently score above state and national averages in standardized testing for
college entrance (ACT, SAT). Low Dropout Rate of 1 percent is among the lowest in the state and nation. The state
dropout rate is 4.97 percent. (2016 data) Achievement for Excellence in Financial Reporting, 1990-2018. Annual parent satisfaction rate, measured through a third-party research firm, is 90 percent.
The annual expenditure budget serves as the foundation for the District’s financial planning and control. The objective of these budgetary controls is to ensure compliance with legal provisions embodied in the annual expenditure budget approved by the District’s Governing Board. The expenditure budget is prepared by fund for all Governmental Funds, and includes function and object code detail for the General Fund, and some Special Revenue and Capital Projects Funds. The legal level of budgetary control (that is, the level at which expenditures cannot exceed the appropriated amount) is established at the individual fund level for all funds. Funds that are not required to legally adopt a budget may have overexpenditures of budgeted funds. The budget for these funds is simply an estimate and does not prevent the District from exceeding the budget as long as the necessary revenue is earned. The District is not required to prepare an annual budget of revenue, therefore a deficit budgeted fund balance may be presented. However, this does not affect the District’s ability to expend monies.
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FACTORS AFFECTING FINANCIAL CONDITION The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment within which the District operates. Local Economy. The Joint Legislative Budget Committee (JLBC) reports in September 2019 that August 2019 Arizona State General Fund revenues totaled $816.6 million, which is an increase of 1.9% over the prior year. Year-to-date, General Fund revenues are $58.6 million above forecast. August 2019 General Fund spending was $734.3 million, which is an increase of $57 million above the prior year. Year-to-date, General Fund spending of $3.45 billion is an increase of $143.9 million above the prior year The operating balance as of mid-September 2019 is $1.69 billion. In addition, the state Budget Stabilization Fund (BSF) has a balance of $1.02 billion. July 2019 monthly indicators for Arizona continue to be strong. Arizona’s 12-month total of single-family building permits was 5.8% more than a year ago. Multi-family building permits were 11.5% less; Tourism revenue per available room was 4.7% higher; State park visitation was 12.3% higher, and Ridership through Phoenix Sky Harbor Airport in July increased .5% over 2018. Maricopa County is located in the south-central portion of Arizona. Maricopa County is one of the largest counties in the United States by area having a land area greater than that of seven states. Current population is projected at 4.4 million, which ranks fourth among the nation's counties. It is by far Arizona's most populous county, encompassing well over half of the state's residents. Maricopa County’s August 2019 unemployment rate was 4.6%, which is less than the Arizona rate of 5.0%. The county seat is Phoenix, which is Arizona's largest city and capital. Phoenix is the capital and largest city of the state of Arizona. With a population exceeding 1.6 million people, Phoenix is the fifth most populous city nationwide, the most populous state capital in the United States, and the only state capital with a population of more than 1 million residents. Phoenix is the anchor of the Phoenix metropolitan area, also known as the Valley of the Sun, which in turn is a part of the Salt River Valley. The metropolitan area is the 11th largest by population in the United States, with approximately 4.7 million people as of 2017. In addition, Phoenix is the county seat of Maricopa County and is one of the largest cities in the United States by land area. Phoenix is home to four Fortune 500 companies: electronics corporation Avnet, mining company Freeport-McMoRan, retailer PetSmart, and waste hauler Republic Services. Honeywell's Aerospace division is headquartered in Phoenix, and the valley hosts many of their avionics and mechanical facilities. Intel has one of their largest sites in the area, employing about 12,000 employees, the second largest Intel location in the country. The city is also home to the headquarters of U-HAUL International, Best Western, and Apollo Group, parent of the University of Phoenix. US Air/American Airlines is the largest carrier at Phoenix's Sky Harbor International Airport. Mesa Air Group, a regional airline group, is headquartered in Phoenix. The military has a significant presence in Phoenix, with Luke Air Force Base located in the western suburbs. Long-term Financial Planning. The District has a current student population of approximately 16,700. Student populations are expected to grow slightly over the next several years and are expected to reach 17,000 by the year 2022-23. Current school facilities are of adequate size to meet this need. The average age of the school buildings is 42 years.
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During 2018-19 the State of Arizona reduced District capital funding by approximately $5.6 million. In addition, the State of Arizona deferred approximately $19 million of District state aid revenue to be paid in July 2019. In May 2019, the Arizona Legislature and Governor approved a 2019-20 state budget including increased funding for Arizona School Districts, partially restoring some of the cuts made since 2010. The budget allocated approximately $165 million with a stated expectation that districts increase average teacher pay 5% above the 10% increase budgeted for 2018 and 2019. Plans include amounts needed to increase average teacher pay 5% in 2021. The budget also allocated approximately $130 million; partially restoring capital funding with plans to restore the remaining $128 million by 2023. The Arizona Education Finance Amendment, Proposition 123 was approved by Arizona voters on May 17, 2016. The measure is designed to increase education funding by $3.5 billion over the course of 10 years by allocating money from the state’s general fund and increasing annual distributions to education from the state land trust permanent fund. With this amendment, state officials settled a five-year lawsuit over school funding. The District expects to receive annual gross funding under the measure of $4.9 million for years ending June 30, 2017-2020 and annual gross funding of $5.3 million for years ending June 30, 2021-2025. The District expects to allocate most of these resources to staff compensation. On November 6, 2018, District voters authorized a seven year 10% Maintenance and Operation override totaling $9.9 million in 2019-20. On November 3, 2015 District voters approved a new $70 million bond authorization for facility renovation and capital expenditures. The District has fully issued the 2015 authorization including $30 million (July 2016), $20 million (November 2017), and $20 million (June 2019). On November 7, 2000, Arizona voters passed Proposition 301, which increased the state sales tax rate from 5% to 5.6%. During 2018-19, Proposition 301 collected $575 million additional dollars for the K-12 education Classroom Site Fund. The District received $8.9 million in Proposition 301 funding in fiscal year 2018-19, which has been spent or earmarked, for teacher base compensation increases, performance awards and dropout prevention programs. AWARDS AND ACKNOWLEDGMENTS Awards. The Association of School Business Officials (ASBO) awarded a Certificate of Excellence in Financial Reporting to the District for its comprehensive annual financial report for the fiscal year ended June 30, 2018. In addition, the Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the District for its comprehensive annual financial report for the fiscal year ended June 30, 2018. In order to be awarded these certificates, the District published an easily readable and efficiently organized comprehensive annual financial report. This report satisfied both accounting principles generally accepted in the United States of America and applicable legal requirements. These certificates are valid for a period of one year only. We believe that our current comprehensive annual financial report continues to meet the programs’ requirements and we are submitting it to ASBO and GFOA to determine its eligibility for the fiscal year ended June 30, 2019 certificates.
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Acknowledgments. The preparation of the comprehensive annual financial report on a timely basis was made possible by the dedicated service of the entire staff of the finance department. Each member of the department has our sincere appreciation for the contributions made in the preparation of this report. In closing, without the leadership and support of the Governing Board of the District, preparation of this report would not have been possible. Respectfully submitted,
Brian Capistran Louis Wiegand, CPA Superintendent Chief Financial Officer
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The Certificate of Excellence in Financial Reporting is presented to
Glendale Union High School District No. 205
for its Comprehensive Annual Financial Report (CAFR) for the Fiscal Year Ended June 30, 2018.
The CAFR meets the criteria established for
ASBO International’s Certificate of Excellence.
Tom Wohlleber, CSRM David J. Lewis President Executive Director
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205
LIST OF PRINCIPAL OFFICIALS
GOVERNING BOARD
Patty Kennedy, President
Andrew Pulcipher, Clerk
Pam Reicks, Member
Susan Maland, Member
Patti Hussey, Member
ADMINISTRATIVE STAFF
Brian Capistran, Superintendent
Craig Mussi, Associate Superintendent of Curriculum and Instruction
Allison Mattingly, Assistant Superintendent of Human Resources and Professional Development
Matt Belden, Assistant Superintendent of Operations and Athletics
Kim Mesquita, Administrator of Community Relations
Louis Wiegand, CPA, Chief Financial Officer
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FINANCIAL SECTION
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INDEPENDENT AUDITOR’S REPORT Governing Board Glendale Union High School District No. 205 Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of Glendale Union High School District No. 205 (District), as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the Glendale Union High School District No. 205, as of June 30, 2019, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.
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Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis, budgetary comparison information, net pension liability information, and other postemployment benefit plan information, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the District’s basic financial statements. The Introductory Section, Combining and Individual Fund Financial Statements and Schedules, and Statistical Section are presented for purposes of additional analysis and are not a required part of the basic financial statements. The Combining and Individual Fund Financial Statements and Schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the Combining and Individual Fund Financial Statements and Schedules information is fairly stated in all material respects in relation to the basic financial statements as a whole. The Introductory Section and Statistical Section have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 3, 2019, on our consideration of Glendale Union High School District No. 205’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Glendale Union High School District No. 205’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Glendale Union High School District No. 205’s internal control over financial reporting and compliance. Heinfeld, Meech & Co., P.C. Phoenix, Arizona December 3, 2019
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MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) (Required Supplementary Information)
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2019
As management of the Glendale Union High School District No. 205 (District), we offer readers of the District’s financial statements this narrative overview and analysis of the financial activities of the District for the fiscal year ended June 30, 2019. The management’s discussion and analysis is presented as required supplementary information to supplement the basic financial statements. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal, which can be found in the introductory section of this report. FINANCIAL HIGHLIGHTS
The District’s total net position of governmental activities increased $9.5 million which
represents a 101 percent increase from the prior fiscal year as a result of an increase in state aid.
General revenues accounted for $142.6 million in revenue, or 85 percent of all current
fiscal year revenues. Program specific revenue in the form of charges for services and grants and contributions accounted for $25.8 million or 15 percent of total current fiscal year revenues.
The District had approximately $158.9 million in expenses related to governmental
activities, an increase of four percent from the prior fiscal year. Among major funds, the General Fund had $115.6 million current fiscal year revenues,
which primarily consisted of state aid and property taxes, and $113.3 million in expenditures. The General Fund’s fund balance increased from $7.4 million at the prior fiscal year end, to $8.6 million at the end of the current fiscal year.
Net position for the Internal Service Fund increased $690,315 from the prior fiscal year.
OVERVIEW OF FINANCIAL STATEMENTS This discussion and analysis are intended to serve as an introduction to the District’s basic financial statements. The District’s basic financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2019
OVERVIEW OF FINANCIAL STATEMENTS Government-wide financial statements. The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business. The accrual basis of accounting is used for the government-wide financial statements. The statement of net position presents information on all of the District’s assets, liabilities, and deferred inflows/outflows of resources with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating. The statement of activities presents information showing how the District’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused compensated absences). The government-wide financial statements outline functions of the District that are principally supported by property taxes and intergovernmental revenues. The governmental activities of the District include instruction, support services, operation and maintenance of plant services, student transportation services, operation of non-instructional services, and interest on long-term debt. Fund financial statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the District can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds.
Governmental funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements use the modified accrual basis of accounting and focus on near-term inflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating the District’s near-term financing requirements.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2019
OVERVIEW OF FINANCIAL STATEMENTS Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures and changes in fund balances for the General, Debt Service, and Bond Building Funds, all of which are considered to be major funds. Data from the other governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements and schedules. Proprietary funds. The District maintains one type of proprietary fund. The internal service fund is an accounting device used to accumulate and allocate costs internally among the District’s various functions. The District uses its internal service fund to account for its employee benefit trust. Because this service predominantly benefits governmental functions, it has been included within governmental activities in the government-wide financial statements. The employee benefit trust, although a legally separate component unit, functions for all employees of the District, and therefore has been included as an internal service fund. Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the District. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the District’s own programs. Due to their custodial nature, fiduciary funds do not have a measurement focus.
Notes to the financial statements. The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements can be found immediately following the basic financial statements. Other information. In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the District’s budget process and pension and other postemployment benefit plans. The District adopts an annual expenditure budget for all governmental funds. A schedule of revenues, expenditures and changes in fund balances - budget and actual has been provided for the General Fund as required supplementary information. Schedules for the pension and other postemployment benefit plans have been provided as required supplementary information.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2019
GOVERNMENT-WIDE FINANCIAL ANALYSIS Net position may serve over time as a useful indicator of a government’s financial position. In the case of the District, assets and deferred outflows exceeded liabilities and deferred inflows by $52,026 at the current fiscal year end. The largest portion of the District’s positive net position reflects its investment in capital assets (e.g., land, land and improvements, buildings and improvements, vehicles, furniture and equipment and construction in progress), less any related outstanding debt used to acquire those assets. The District uses these capital assets to provide services to its students; consequently, these assets are not available for future spending. Although the District’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. In addition, a portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The following table presents a summary of the District’s net position for the fiscal years ended June 30, 2019 and June 30, 2018.
As of As of June 30, 2019 June 30, 2018
Current and other assets $ 88,127,265 $ 97,794,060 Capital assets, net 197,975,662 197,101,081
Total assets 286,102,927 294,895,141
Deferred outflows 20,246,415 20,719,750
Current and other liabilities 13,976,195 34,388,777 Long-term liabilities 277,948,334 282,493,450
Total liabilities 291,924,529 316,882,227
Deferred inflows 14,372,787 8,208,354
Net position: Net investment in capital assets 87,392,774 80,922,369 Restricted 14,374,218 11,696,875 Unrestricted (101,714,966) (102,094,934)
Total net position $ 52,026 $ (9,475,690) At the end of the current fiscal year the District reported positive balances in two categories of net position while unrestricted net position reported a deficit of $101.7 million. The deficit is due to the District’s proportionate share of the state pensions plan’s unfunded liability. The same situation held true for the prior fiscal year.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2019
GOVERNMENT-WIDE FINANCIAL ANALYSIS The District’s financial position is the product of several financial transactions including the net results of activities, the acquisition and payment of debt, the acquisition and disposal of capital assets, and the depreciation of capital assets. The following are significant current year transactions that had an impact on the Statement of Net Position.
The principal retirement of $18.3 million of general obligation bonds. The addition of $12.9 million in capital assets through various school improvements and
purchases of vehicles, furniture and equipment. The issuance of $18.6 million in school improvement bonds. The decrease of $13.2 million in pension liabilities.
Changes in net position. The District’s total revenues for the current fiscal year were $168.4 million. The total cost of all programs and services was $158.9 million. The following table presents a summary of the changes in net position for the fiscal years ended June 30, 2019 and June 30, 2018.
Fiscal Year Ended
Fiscal Year Ended
June 30, 2019 June 30, 2018 Revenues: Program revenues:
Charges for services $ 6,452,663 $ 6,189,285 Operating grants and contributions 18,259,857 15,210,359 Capital grants and contributions 1,100,029 3,422,162
General revenues: Property taxes 58,994,207 63,547,131 Investment income 799,873 585,013 Unrestricted county aid 6,371,210 6,041,479 Unrestricted state aid 75,620,833 67,223,710 Unrestricted federal aid 817,426 841,828 Total revenues 168,416,098 163,060,967
Expenses: Instruction 89,926,076 86,635,681 Support services - students and staff 21,687,264 19,839,050 Support services - administration 11,965,267 12,465,133 Operation and maintenance of plant services 17,064,310 16,740,030 Student transportation services 6,437,475 6,149,995 Operation of non-instructional services 7,916,461 7,500,594 Interest on long-term debt 3,891,529 3,267,499
Total expenses 158,888,382 152,597,982 Changes in net position 9,527,716 10,462,985
Net position, beginning (9,475,690) (19,938,675) Net position, ending $ 52,026 $ (9,475,690)
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2019
GOVERNMENT-WIDE FINANCIAL ANALYSIS
Instruction57%
Support services -students and staff
14%
Support services -administration
7%
Operation and maintenance of plant
services11%
Student transportation
services4%
Operation of non-instructional services
5%
Interest on long-term debt
2%
Expenses - Fiscal Year 2019
The following are significant current year transactions that have had an impact on the change in net position.
The issuance of $18.6 million of general obligation bonds.
The addition of $6.6 million of capital lease obligations for the LED Lighting Energy Savings Project.
The following table presents the cost of the District’s major functional activities. The table also shows each function’s net cost (total cost less charges for services generated by the activities and intergovernmental aid provided for specific programs). The net cost shows the financial burden that was placed on the State and District’s taxpayers by each of these functions.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2019
GOVERNMENT-WIDE FINANCIAL ANALYSIS
Year Ended June 30, 2019 Year Ended June 30, 2018 Total Net (Expense)/ Total Net (Expense)/
Expenses Revenue Expenses Revenue Instruction $ 89,926,076 $ (77,377,336) $ 86,635,681 $ (73,371,231) Support services - students and staff 21,687,264 (16,230,988) 19,839,050 (15,070,694) Support services - administration 11,965,267 (11,757,515) 12,465,133 (12,414,680) Operation and maintenance of plant services 17,064,310 (15,965,761) 16,740,030 (15,891,378) Student transportation services 6,437,475 (6,316,587) 6,149,995 (6,124,958) Operation of non-instructional services 7,916,461 (1,747,043) 7,500,594 (1,907,435) Interest on long-term debt 3,891,529 (3,680,603) 3,267,499 (2,995,800)
Total $ 158,888,382 $(133,075,833) $ 152,597,982 $(127,776,176)
The cost of all governmental activities this year was $158.9 million.
Federal and State governments and charges for services subsidized certain programs with grants and contributions and other local revenues of $25.8 million.
Net cost of governmental activities of $133.1 million was financed by general revenues, which are made up of primarily property taxes of $59.0 million and state and county aid of $82.0 million. Investment earnings accounted for $799,873 of funding.
FINANCIAL ANALYSIS OF THE DISTRICT’S FUNDS As noted earlier, the District uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental funds. The focus of the District’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the District’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of the District’s net resources available for spending at the end of the fiscal year. The financial performance of the District as a whole is reflected in its governmental funds. As the District completed the year, its governmental funds reported a combined fund balance of $42.2 million, an increase of $15.5 million due primarily to unspent bond proceeds.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2019
FINANCIAL ANALYSIS OF THE DISTRICT’S FUNDS The General Fund comprises 20 percent of the total fund balance. Approximately $6.2 million, or 72 percent of the General Fund’s fund balance is unassigned. The General Fund is the principal operating fund of the District. The increase in fund balance of $1.2 million to $8.6 million as of fiscal year end was a result of an increase in state equalization of $7.4 million due to higher base level support and enrollment. The fund balance decreased $329,957 in the Debt Service Fund to $1.1 million as of fiscal year end. The reason for the decrease was a decrease in the secondary property tax rate levied for debt service. In addition, fund balance in the Bond Building Fund increased $12.3 million primarily due to the issuance of $18.6 million in school improvement bonds. Proprietary funds. Unrestricted net position of the Internal Service Fund at the end of the fiscal year amounted to $11.2 million. The increase of $690,315 from the prior fiscal year was not significant. BUDGETARY HIGHLIGHTS Over the course of the year, the District revised the General Fund annual expenditure budget. The difference between the original budget and the final amended budget was a $1.4 million increase. A schedule showing the original and final budget amounts compared to the District’s actual financial activity for the General Fund is provided in this report as required supplementary information. The significant actual to budgeted variances were as follows:
Property tax revenues were $4.4 million under budget due to budgeting additional state aid as property tax revenues.
State aid and grant revenues were $5.0 million over budget due to budgeting additional state aid as property tax revenues.
Instruction expenditures were $4.0 million under budget due to planned General Fund balance carryover.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2019
CAPITAL ASSETS AND DEBT ADMINISTRATION Capital Assets. At year end, the District had invested $389.9 million in capital assets, including school buildings, athletic facilities, buses and other vehicles, computers, and other equipment. This amount represents a net increase prior to depreciation of $12.6 million from the prior fiscal year, primarily due to renovation of several school sites. Total depreciation expense for the current fiscal year was $12.0 million. The following schedule presents a summary of capital asset balances for the fiscal years ended June 30, 2019 and June 30, 2018.
As of As of
June 30, 2019 June 30, 2018 Capital assets - non-depreciable $ 1,017,319 $ 5,226,635 Capital assets - depreciable, net 196,958,343 191,874,446
Total $ 197,975,662 $ 197,101,081 Additional information on the District’s capital assets can be found in Note 7. Debt Administration. At year end, the District had $133.7 million in long-term debt outstanding, $15.7 million due within one year. Long-term debt increased by $6.7 million as a result of an increase in obligations under capital leases. The District’s general obligation bonds are subject to two limits; the Constitutional debt limit (total debt limit) on all general obligation bonds (up to 15 percent of the total secondary assessed valuation) and the statutory debt limit on Class B bonds (the greater of 10 percent of the secondary assessed valuation or $1,500 per student). The current total debt limitation for the District is $345.0 million and the Class B debt limit is $230.0 million, which are more than the District’s total outstanding general obligation and Class B debt, respectively. Additional information on the District’s long-term debt can be found in Notes 9 through 11.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2019
ECONOMIC FACTORS AND NEXT YEAR’S BUDGET AND RATES Many factors were considered by the District’s administration during the process of developing the fiscal year 2019-20 budget. Among them:
Fiscal year 2018-19 budget balance carryforward (estimated $4.0 million) District student population (estimated 16,300) District Additional Assistance (state capital funding) continued suspension at $2.9
million Basic support level funding increase of approximately $4.4 million Student growth funding approximately $2.4 million Increase in Classroom Site Fund allocations by $150,000 Increased Teacher Experience Index funding approximately $200,000 State funded five percent increase to teacher salaries Increased continuing compensation payments $6.5 million Net increase in one-time compensation payments $1.7 million Increase to healthcare costs $1.0 million Increase to Special Education and related transportation costs $500,000 Increased Energy lease transfer totaling approximately $1.6 million Increase in Arizona State Retirement contribution rate and costs ($230,000)
Also considered in the development of the budget is the local economy and inflation of the surrounding area. Budgeted expenditures in the General Fund increased $9.3 million to $123.3 million in fiscal year 2019-20. Funding received as a result of legislation increases for teacher salaries and partial capital restoration used for operating expenditures are the primary reasons for the increases. State aid and property taxes are expected to be the primary funding sources. No new programs were added to the 2019-20 budget. CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT This financial report is designed to provide our citizens, taxpayers, and investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the resources it receives. If you have questions about this report or need additional information, contact the Finance Department, Glendale Union High School District No. 205, 7650 North 43rd Avenue, Glendale, Arizona 85301-1661.
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BASIC FINANCIAL STATEMENTS
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GOVERNMENT-WIDE FINANCIAL STATEMENTS
Page 29
ASSETSCurrent assets:
Cash and investmentsProperty taxes receivableAccounts receivableDue from governmental entitiesPrepaid items
Total current assets
Noncurrent assets:Net other postemployment benefit assetsCapital assets not being depreciatedCapital assets, net of accumulated depreciation
Total noncurrent assetsTotal assets
DEFERRED OUTFLOWS OF RESOURCESPension and other postemployment benefit plan items
LIABILITIESCurrent liabilities:
Accounts payableConstruction contracts payableCredit line payableAccrued payroll and employee benefitsCompensated absences payableAccrued interest payableUnearned revenuesObligations under capital leasesBonds payable
Total current liabilities
Noncurrent liabilities:Non-current portion of long-term obligations
Total noncurrent liabilitiesTotal liabilities
DEFERRED INFLOWS OF RESOURCESPension and other postemployment benefit plan items
NET POSITIONNet investment in capital assetsRestrictedUnrestricted
Total net position
Governmental Activities
$ 58,513,7204,312,937
41,66324,049,724
914,02687,832,070
295,1951,017,319
196,958,343198,270,857286,102,927
20,246,415
1,952,6781,049,5898,972,000
269,658410,000
1,731,762508
1,381,24914,290,00030,057,444
261,867,085261,867,085291,924,529
14,372,787
87,392,77414,374,218
(101,714,966)$ 52,026
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205STATEMENT OF NET POSITION
JUNE 30, 2019
The notes to the basic financial statements are an integral part of this statement.
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Program Revenues
Net (Expense) Revenue and
Changes in Net Position
Functions/ProgramsGovernmental activities:
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional servicesInterest on long-term debt
Total governmental activities
Expenses
$ 89,926,07621,687,26411,965,26717,064,3106,437,4757,916,4613,891,529
$ 158,888,382
Charges for Services
$ 3,210,7611,242,249
797,794
1,201,859
$ 6,452,663
Operating Grants and
Contributions
$ 8,749,6314,214,027
207,752
120,8884,967,559
$ 18,259,857
Capital Grants and
Contributions
$ 588,348
300,755
210,926$ 1,100,029
Governmental Activities
$ (77,377,336)(16,230,988)(11,757,515)(15,965,761)(6,316,587)(1,747,043)(3,680,603)
(133,075,833)
General revenues:Taxes:
Property taxes, levied for general purposesProperty taxes, levied for debt service
Investment incomeUnrestricted county aidUnrestricted state aidUnrestricted federal aid
Total general revenues
Changes in net position
Net position, beginning of year
Net position, end of year
41,571,00617,423,201
799,8736,371,210
75,620,833817,426
142,603,549
9,527,716
(9,475,690)
$ 52,026
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205STATEMENT OF ACTIVITIESYEAR ENDED JUNE 30, 2019
The notes to the basic financial statements are an integral part of this statement.
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FUND FINANCIAL STATEMENTS
Page 33
ASSETSCash and investmentsProperty taxes receivableAccounts receivableDue from governmental entitiesDue from other fundsPrepaid items
Total assets
LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCESLiabilities:
Accounts payableConstruction contracts payableCredit line payableDue to other fundsAccrued payroll and employee benefitsUnearned revenuesBonds payableBond interest payable
Total liabilities
Deferred inflows of resources:Unavailable revenues - property taxesUnavailable revenues - intergovernmental
Total deferred inflows of resources
Fund balances (deficits):NonspendableRestrictedUnassigned
Total fund balances
Total liabilities, deferred inflows of resourcesand fund balances
General
$ 108,1833,975,176
18,977,9614
914,026$ 23,975,350
$ 976,745
8,972,0001,628,024
109,993
11,686,762
3,726,050
3,726,050
914,0261,475,4436,173,0698,562,538
$ 23,975,350
Debt Service
$ 17,052,704337,761
$ 17,390,465
$
14,290,0001,731,762
16,021,762
240,514
240,514
1,128,189
1,128,189
$ 17,390,465
Bond Building
$ 24,173,084
32,123
$ 24,205,207
$1,049,589
1,049,589
23,155,618
23,155,618
$ 24,205,207
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 BALANCE SHEET - GOVERNMENTAL FUNDS
JUNE 30, 2019
The notes to the basic financial statements are an integral part of this statement.
Page 34
Non-Major Governmental
Funds
$ 5,956,855
9,5405,071,7634,020,408
$ 15,058,566
$ 975,933
2,392,388159,665
508
3,528,494
2,174,9912,174,991
11,530,072(2,174,991)
9,355,081
$ 15,058,566
Total Governmental
Funds
$ 47,290,8264,312,937
41,66324,049,7244,020,412
914,026$ 80,629,588
$ 1,952,6781,049,5898,972,0004,020,412
269,658508
14,290,0001,731,762
32,286,607
3,966,5642,174,9916,141,555
914,02637,289,3223,998,078
42,201,426
$ 80,629,588
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Total governmental fund balances 42,201,426$
Amounts reported for governmental activities in the Statement of Net Position are different because:
Capital assets used in governmental activities are not financialresources and, therefore, are not reported in the funds.
Governmental capital assets 389,895,372$ Less accumulated depreciation (191,919,710) 197,975,662
Some receivables are not available to pay for current periodexpenditures and, therefore, are reported as unavailablerevenues in the funds.
Property taxes 3,966,564Intergovernmental 2,174,991 6,141,555
Deferred outflows and inflows of resources related to pensions/OPEB are applicable to future periods and, therefore, are not reported in the funds.
Deferred outflows of resources related to pensions/OPEB 20,246,415Deferred inflows of resources related to pensions/OPEB (14,372,787) 5,873,628
The Net OPEB asset is not a current financial resource and,therefore, is not reported in the funds. 295,195
The Internal Service Fund is used by management to charge the cost of insurance to the individual funds. The assets andliabilities of the Internal Service Fund are included in theStatement of Net Position. 11,222,894
Long-term liabilities are not due and payable in the currentperiod and, therefore, are not reported in the funds.
Compensated absences payable (5,486,377)Obligations under capital leases (11,019,809)Net OPEB liability (24,800,228)Net pension liability (113,923,223)Bonds payable (108,428,697) (263,658,334)
Net position of governmental activities 52,026$
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET POSITIONJUNE 30, 2019
The notes to the basic financial statements are an integral part of this statement.
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Revenues:Other localProperty taxesState aid and grantsFederal aid, grants and reimbursements
Total revenues
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayDebt service -
Principal retirementInterest and fiscal chargesBond issuance costs
Total expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer outCapital lease agreementsIssuance of school improvement bondsPremium on sale of bondsInsurance recoveries
Total other financing sources (uses)
Changes in fund balances
Fund balances, beginning of year
Increase (decrease) in reserve for prepaid items
Fund balances, end of year
General
$ 6,597,20242,170,63165,968,691
817,426115,553,950
63,745,00215,432,66110,473,44615,990,5315,298,136
841,8561,440,377
96,9525,919
113,324,880
2,229,070
277,442(1,395,605)
(1,118,163)
1,110,907
7,368,845
82,786
$ 8,562,538
Debt Service
$ 206,59517,433,668
17,640,263
14,290,0003,863,338
18,153,338
(513,075)
183,118
183,118
(329,957)
1,458,146
$ 1,128,189
Bond Building
$ 183,117
183,117
7,700,466
178,7277,879,193
(7,696,076)
(183,118)
18,565,0001,579,727
19,961,609
12,265,533
10,890,085
$ 23,155,618
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
GOVERNMENTAL FUNDSYEAR ENDED JUNE 30, 2019
The notes to the basic financial statements are an integral part of this statement.
Page 38
Non-Major Governmental
Funds
$ 6,357,473
12,241,05317,296,19335,894,719
17,807,7656,065,320
436,702802,414190,266
6,189,8348,173,042
1,297,251370,052
41,332,646
(5,437,927)
1,395,605(277,442)6,601,000
75,2717,794,434
2,356,507
6,998,574
$ 9,355,081
Total Governmental
Funds
$ 13,344,38759,604,29978,209,74418,113,619
169,272,049
81,552,76721,497,98110,910,14816,792,9455,488,4027,031,690
17,313,885
15,684,2034,239,309
178,727180,690,057
(11,418,008)
1,856,165(1,856,165)
6,601,00018,565,0001,579,727
75,27126,820,998
15,402,990
26,715,650
82,786
$ 42,201,426
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Changes in fund balances - total governmental funds 15,402,990$
Amounts reported for governmental activities in the Statement of Activities are different because:
Governmental funds report the portion of capital outlay for capitalized assets as expenditures. However, in the Statement of Activities, the costs of those assets are allocated over theirestimated useful lives as depreciation expense.
Expenditures for capitalized assets 12,856,414$ Less current year depreciation (11,975,178) 881,236
Issuance of long-term debt provides current financial resources to governmental funds, but the issuance increases long term liabilities in the Statement of Net Position.
Issuance of school improvement bonds (20,144,727)Obligations under capital leases (6,601,000) (26,745,727)
Some revenues in the Statement of Activities that do not provide current financialresources are not reported as revenues in the funds.
Property taxes (610,092)Intergovernmental (625,044) (1,235,136)
Repayments of long-term debt principal are expenditures in the governmental funds, but the repayment reduces long-term liabilities in the Statement ofNet Position.
Capital lease principal retirement 1,394,203 Bond principal retirement 14,290,000 15,684,203
Governmental funds report pension/OPEB contributions as expenditures. However,they are reported as deferred outflows of resources in the Statement of Net Position.The change in the net pension/OPEB liability, adjusted for deferred items, is reportedas pension/OPEB expense in the Statement of Activities.
Current year pension/OPEB contributions 11,326,744Pension/OPEB expense (6,376,322) 4,950,422
Some expenses reported in the Statement of Activities do not require the use ofcurrent financial resources and, therefore, are not reported as expenditures in governmental funds.
Prepaid items 82,786 Loss on disposal of assets (6,655)Amortization of deferred bond items 347,780Compensated absences (524,498) (100,587)
The Internal Service Fund is used by management to charge the cost of insurance to the individual funds. The changes in net position of the Internal Service Fund is reported with governmental activities in the Statement of Activities. 690,315
Changes in net position in governmental activities 9,527,716$
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES - GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIESYEAR ENDED JUNE 30, 2019
The notes to the basic financial statements are an integral part of this statement.
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ASSETSCurrent assets:
Cash and investmentsTotal current assets
Total assets
NET POSITIONUnrestricted
Total net position
Governmental Activities:
Internal Service Funds
$ 11,222,89411,222,89411,222,894
11,222,894$ 11,222,894
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205STATEMENT OF NET POSITION
PROPRIETARY FUNDSJUNE 30, 2019
The notes to the basic financial statements are an integral part of this statement.
Page 41
Operating revenues:Contributions
Total operating revenues
Operating expenses:OtherPremiums
Total operating expenses
Operating income (loss)
Nonoperating revenues (expenses):Investment income
Total nonoperating revenues (expenses)
Changes in net position
Total net position, beginning of year
Total net position, end of year
Governmental Activities:
Internal Service Funds
$ 14,064,95914,064,959
309,38613,369,17213,678,558
386,401
303,914303,914
690,315
10,532,579
$ 11,222,894
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION -
PROPRIETARY FUNDSFOR THE YEAR ENDED JUNE 30, 2019
The notes to the basic financial statements are an integral part of this statement.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205STATEMENT OF CASH FLOWS - PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2019
GovernmentalActivities:Internal
Service FundsIncrease/Decrease in Cash and Cash Equivalents
Cash flows from operating activities: Cash received from contributions $ 14,064,959Cash payments to suppliers for goods and services (13,678,558)
Net cash provided by/used for operating activities 386,401
Cash flows from investing activities: Purchase of investments (8,522,881)Investment income 303,914Proceeds from sales and maturities of investments 9,188,370
Net cash provided by/used for investing activities 969,403
Net increase/decrease in cash and cash equivalents 1,355,804
Cash and cash equivalents, beginning of year 1,344,210
Cash and cash equivalents, end of year $ 2,700,014
Reconciliation of Cash and Cash Equivalents to the Statement of Net Position
Cash and investments $ 11,222,894Less investments not maturing in less than three months 8,522,880
Total cash and cash equivalents $ 2,700,014
The notes to the basic financial statements are an integral part of this statement.
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ASSETSCash and investments
Total assets
LIABILITIESDue to student groups
Total liabilities
Agency
$ 1,782,569$ 1,782,569
$ 1,782,569$ 1,782,569
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205STATEMENT OF ASSETS AND LIABILITIES
FIDUCIARY FUNDSJUNE 30, 2019
The notes to the basic financial statements are an integral part of this statement.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The financial statements of the Glendale Union High School District No. 205 (District) have been prepared in conformity with accounting principles generally accepted in the United States of America as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The more significant of the District’s accounting policies are described below. A. Reporting Entity The Governing Board is organized under Section 15-321 of the Arizona Revised Statutes (A.R.S.). Management of the District is independent of other state or local governments. The County Treasurer collects taxes for the District, but exercises no control over its expenditures/expenses. The membership of the Governing Board consists of five members elected by the public. Under existing statutes, the Governing Board’s duties and powers include, but are not limited to, the acquisition, maintenance and disposition of school property; the development and adoption of a school program; and the establishment, organization and operation of schools. The Board also has broad financial responsibilities, including the approval of the annual budget, and the establishment of a system of accounting and budgetary controls. The financial reporting entity consists of a primary government and its component units. A component unit is a legally separate entity that must be included in the reporting entity in conformity with generally accepted accounting principles. The District is a primary government because it is a special-purpose government that has a separately elected governing body, is legally separate, and is fiscally independent of other state or local governments. Furthermore, the component unit combined with the District for financial statement presentation purposes and the District are not included in any other governmental reporting entity. Consequently, the District’s financial statements include the funds of those organizational entities for which its elected governing board is financially accountable. The District’s major operations include education, student transportation, construction and maintenance of District facilities, food services, bookstore, and athletic functions.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Blended Component Unit – Blended component units, although legally separate entities, are, in substance, part of the District’s operations. The Glendale Union High School District No. 205 Employee Benefit Trust is responsible for providing health insurance for the District’s employees. The District’s Governing Board appoints the Trust’s Board of Directors. The Glendale Union High School District No. 205’s Employee Benefit Trust provides services entirely to the District and therefore has been included as an Internal Service Fund in accordance with the criteria established by GASB. Complete audited financial statements for the component unit may be obtained at the Glendale Union High School District No. 205’s administrative offices, 7650 North 43rd Avenue, Glendale, Arizona 85301. B. Government-Wide and Fund Financial Statements The government-wide financial statements (i.e., the statement of net position and the statement of activities) present financial information about the District as a whole. The reported information includes all of the nonfiduciary activities of the District and its component unit. For the most part, the effect of internal activity has been removed from these statements. These statements are to distinguish between the governmental and business-type activities of the District. Governmental activities normally are supported by taxes and intergovernmental revenues, and are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. The District does not have any business-type activities. 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 customers or applicants who purchase, 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, unrestricted county, state and federal aid, and other items not included among program revenues are reported instead as general revenues. Separate 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 fund financial statements.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation Government-Wide Financial Statements – The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded 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 grantor or provider have been met. As a general rule the effect of internal activity has been eliminated from the government-wide financial statements; however, the effects of interfund services provided and used between functions are reported as expenses and program revenues at amounts approximating their external exchange value. Fund Financial Statements – Governmental 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 District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. 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. As permitted by generally accepted accounting principles the District applies the “early recognition” option for debt service payments. Property tax resources are provided in the Debt Service Fund during the current year for the payment of debt service principal and interest due early in the following year (less than one month). Therefore, the expenditures and related liabilities have been recognized in the current period. Property taxes, state and county aid and investment income associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. Food services and miscellaneous revenues are not susceptible to accrual because generally they are not measurable until received in cash. Grants and similar awards are recognized as revenue as soon as all eligibility requirements imposed by the grantor or provider have been met. Unearned revenues arise when resources are received by the District before it has legal claim to them, as when grant monies are received prior to meeting all eligibility requirements imposed by the provider.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Delinquent property taxes and other receivables that will not be collected within the available period have been reported as unavailable revenues on the governmental fund financial statements. The focus of governmental fund financial statements is on major funds rather than reporting funds by type. Each major fund is presented in a separate column. Non-major funds are aggregated and presented in a single column. The internal service funds are presented in a single column on the face of the proprietary fund statements. Fiduciary funds are reported by fund type. The District reports the following major governmental funds:
General Fund – The General Fund is the District’s primary operating fund. It accounts for all resources used to finance District maintenance and operation except those required to be accounted for in other funds. The General Fund includes the District’s Maintenance and Operation Fund as well as the certain activities budgeted in separate funds in accordance with A.R.S. These funds are maintained as separate funds for budgetary purposes but do not meet the criteria for separate reporting in the financial statements. Debt Service Fund – The Debt Service Fund accounts for the accumulation of resources for, and the payment of, long-term debt principal, interest and related costs. Bond Building – The Bond Building Fund accounts for proceeds from District bond issues that are expended on the acquisition or lease of sites; construction or renovation of school buildings; supplying school buildings with furniture, equipment, and technology; improving school grounds; or purchasing pupil transportation vehicles.
Additionally, the District reports the following fund types: Proprietary Funds – The Proprietary Fund is an Internal Service Fund that accounts for activities related to the District’s self-insurance program which provides certain health care and welfare benefits to employees and their dependents.
Fiduciary Fund – The Fiduciary Fund is an Agency Fund which accounts for resources held by the District on behalf of others. This fund type includes the Student Activities Fund, which accounts for monies raised by students to finance student clubs and organizations held by the District as an agent.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The Proprietary Fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting and are presented in a single column. Proprietary funds distinguish operating revenues and expenses from nonoperating 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. The principal operating revenues of the District’s internal service funds are charges for health and welfare benefits and charges to District departments for goods and services. Operating expenses for internal service funds include the cost of goods and services and administrative expenses. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. The Agency Fund is custodial in nature and does not have a measurement focus and is reported using the accrual basis of accounting. The Agency Fund is reported by fund type. D. Cash and Investments For purposes of the Statement of Cash Flows, the District considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents at year-end consisted entirely of cash in bank. A.R.S. require the District to deposit all cash with the County Treasurer, except as discussed below. Cash with the County Treasurer is pooled for investment purposes, except for cash of the Debt Service and Bond Building Funds that may be invested separately. Interest earned from investments purchased with pooled monies is allocated to each of the District’s funds based on their average balances. As required by statute, interest earnings of the Bond Building Fund are recorded initially in that fund, but then transferred to the Debt Service Fund. All investments are stated at fair value. Statute authorizes the District to separately invest monies of the Bond Building and Debt Service Funds in the State Treasurer’s investment pools; obligations issued and guaranteed by the United States or any of its agencies or instrumentalities; specified state and local government bonds and notes; and interest bearing savings accounts or certificates of deposit. Statute authorizes the District to deposit monies of the Auxiliary Operations and Student Activities Funds in bank accounts. Monies in these funds may also be invested. In addition, statute authorizes the District to maintain various bank accounts such as clearing accounts to temporarily deposit receipts before they are transmitted to the County Treasurer; revolving accounts to pay minor disbursements; and withholdings accounts for taxes and employee insurance programs. Some of these bank accounts may be interest bearing.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Statute does not include any requirements for credit risk, concentration of credit risk, interest rate risk, or foreign currency risk. Arizona statute requires a pooled collateral program for public deposits and a Statewide Collateral Pool Administrator (Administrator) in the State Treasurer’s Office. The purpose of the pooled collateral program is to ensure that governmental entities’ public deposits placed in participating depositories are secured with collateral of 102 percent of the public deposits, less any applicable deposit insurance. An eligible depository may not retain or accept any public deposit unless it has deposited the required collateral with a qualified escrow agent or the Administrator. The Administrator manages the pooled collateral program, including reporting on each depository’s compliance with the program. E. Investment Income Investment income is composed of interest, dividends and net changes in the fair value of applicable investments. Investment income is included in other local revenue in the governmental fund financial statements and in nonoperating revenues in the proprietary fund financial statements. F. Receivables and Payables Activity between funds that is representative of lending/borrowing arrangements outstanding at the end of the fiscal year is referred to as either “due to/from other funds” (i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the non-current portion of interfund loans). All other outstanding balances between funds are reported as “due to/from other funds.” Interfund balances between governmental funds are eliminated on the Statement of Net Position. All receivables, including property taxes receivable, are shown net of an allowance for uncollectibles. G. Property Tax Calendar The County Treasurer is responsible for collecting property taxes for all governmental entities within the county. The county levies real property taxes on or before the third Monday in August that become due and payable in two equal installments. The first installment is due on the first day of October and becomes delinquent after the first business day of November. The second installment is due on the first day of March of the next year and becomes delinquent after the first business day of May.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Pursuant to A.R.S., a lien against assessed real and personal property attaches on the first day of January preceding assessment and levy; however according to case law, an enforceable legal claim to the asset does not arise. H. Prepaid Items Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both the government-wide and fund financial statements. Prepaid items are recorded as expenses when consumed in the government-wide financial statements and as expenditures when purchased in the fund financial statements. I. Capital Assets Capital assets, which include land and improvements; buildings and improvements; vehicles, furniture, and equipment; and construction in progress, are reported in the government-wide financial statements. Capital assets are defined by the District as assets with an initial, individual cost in excess of $5,000 and an estimated useful life of more than one year. Capital assets are recorded at historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend the life of the asset are not capitalized. Capital assets are depreciated using the straight-line method over the following estimated useful lives:
Land improvements 10 - 30 years Buildings and improvements 20 years Vehicles, furniture and equipment 5 - 15 years
J. Deferred Outflows/Inflows of Resources In addition to assets, the statement of financial position may report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period and so will not be recognized as an outflow of resources (expense/expenditure) until then. In addition to liabilities, the statement of financial position may report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period and so will not be recognized as an inflow of resources (revenue) until that time.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
K. Compensated Absences The District’s employee vacation and sick leave policies generally provide for granting vacation and sick leave with pay in varying amounts. Only benefits considered vested are recognized in the financial statements. The liability for vacation and sick leave is reported in the government-wide financial statements. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee leave, resignations and retirements. Generally, resources from the General Fund are used to pay for compensated absences. L. Pensions and Other Postemployment Benefits For purposes of measuring the net pension and other postemployment benefit (OPEB) assets and liabilities, related deferred outflows of resources and deferred inflows of resources, and related expenses, information about the pension and OPEB plans’ fiduciary net position and additions to/deductions from the plans’ fiduciary net position have been determined on the same basis as they are reported by the plan. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. M. Long-term Obligations In the government-wide financial statements, and proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities on the statement of net position. Bond premiums and discounts are amortized over the life of the bonds using the straight-line method. Deferred amounts on refunding result from the difference between the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. N. Interfund Activity Flows of cash from one fund to another without a requirement for repayment are reported as interfund transfers. Interfund transfers between governmental funds are eliminated in the Statement of Activities. Interfund transfers in the fund financial statements are reported as other financing sources/uses in governmental funds and after nonoperating revenues/expenses in proprietary funds.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES O. Net Position Flow Assumption In the government-wide and proprietary fund financial statements the District applies restricted resources first when outlays are incurred for purposes for which either restricted or unrestricted amounts are available. P. Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results may differ from those estimates.
NOTE 2 – FUND BALANCE CLASSIFICATIONS Fund balances of the governmental funds are reported separately within classifications based on a hierarchy of the constraints placed on the use of those resources. The classifications are based on the relative strength of the constraints that control how the specific amounts can be spent. The classifications are nonspendable, restricted, and unrestricted, which includes committed, assigned, and unassigned fund balance classifications. Nonspendable. The nonspendable fund balance classification includes amounts that cannot be spent because they are not in spendable form, or legally or contractually required to be maintained intact. Restricted. Fund balance is reported as restricted when constraints placed on the use of resources are either externally imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments or is imposed by law through constitutional provisions or enabling legislation. Committed. The committed fund balance classification includes amounts that can be used only for the specific purposes imposed by formal action of the Governing Board. Those committed amounts cannot be used for any other purpose unless the Governing Board removes or changes the specified use by taking the same type of action it employed to previously commit those amounts. The District does not have a formal policy or procedures for the utilization of committed fund balance, accordingly, no committed fund balance amounts are reported.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 2 – FUND BALANCE CLASSIFICATIONS Assigned. Amounts in the assigned fund balance classification are intended to be used by the District for specific purposes but do not meet the criteria to be classified as restricted or committed. In governmental funds other than the General Fund, assigned fund balance represents the remaining amount that is not restricted or committed. In the General Fund, assigned amounts represent intended uses established by the Governing Board or a business office management official who was delegated that authority by the formal Governing Board action of adopting the policy. Unassigned. Unassigned fund balance is the residual classification for the General Fund and includes all spendable amounts not contained in the other classifications. In other governmental funds, the unassigned classification is used only to report a deficit balance resulting from overspending for specific purposes for which amounts had been restricted, committed, or assigned. The District applies restricted resources first when outlays are incurred for purposes for which either restricted or unrestricted (committed, assigned, and unassigned) amounts are available. Similarly, within unrestricted fund balance, committed amounts are reduced first followed by assigned, and then unassigned amounts when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used. The table below provides detail of the major components of the District’s fund balance classifications at year end.
General
Fund Debt Service
Fund
Bond Building
Fund
Non-Major Governmental
Funds Fund Balances:
Nonspendable: Prepaid items $ 914,026 $ $ $
Restricted: Debt service 1,128,189 Capital projects 1,475,443 1,890,526 Bond building projects 23,155,618 Voter approved initiatives 3,811,841 Federal and state projects 894,063 Auxiliary operations 3,001,423 Food service 354,783 Civic center 385,842 CTED 591,268 Other purposes 600,326
Unassigned 6,173,069 (2,174,991)Total fund balances $ 8,562,538 $ 1,128,189 $ 23,155,618 $ 9,355,081
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 3 – RESTRICTED NET POSITION
The table below provides detail of the major components of the District’s restricted net position at year end.
Governmental
Activities Restricted Net Position:
Voter approved initiatives $ 3,811,841Federal and state projects 894,063Food service 354,783Auxiliary operations 3,001,423Other local initiatives 1,577,436Debt service 1,368,703Capital outlay 3,365,969
Total $ 14,374,218 NOTE 4 – STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
Individual Deficit Fund Balance – At year end, the following individual non-major governmental funds reported deficits in fund balance.
Deficit Non-Major Governmental Funds:
Title I Grants $ 983,423 Title IV Grants 278,474 Limited English & Immigrant Students 13,208 Special Education Grants 195,969 Vocational Education 701,454 Homeless Education 2,463
The deficits arose because of operations during the year and/or because of pending grant reimbursements. Additional revenues received in fiscal year 2019-20 are expected to eliminate the deficits.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 5 – CASH AND INVESTMENTS Custodial Credit Risk – Deposits. Custodial credit risk is the risk that in the event of bank failure the District’s deposits may not be returned to the District. The District does not have a deposit policy for custodial credit risk. At year end, the carrying amount of the District’s deposits was $16,416,288 and the bank balance was $18,410,424. All of the bank balance was insured or collateralized by the pledging financial institution’s trust department or agent but not in the District’s name. In addition, the District had $1,420,924 of cash held with trustee. Fair Value Measurements. The District categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset.
Level 1 inputs are quoted prices in active markets for identical assets Level 2 inputs are significant other observable inputs Level 3 inputs are significant unobservable inputs
The County Treasurer's pool and the Arizona School Risk Retention Trust Investment Pool are external investment pools with no regulatory oversight. The pools are not required to register (and are not registered) with the Securities and Exchange Commission. The fair value of each participant's position in both the investment pools approximate the value of the participant's shares in the pool and the participants' shares are not identified with specific investments. Participants in the pool are not required to categorize the value of shares in accordance with the fair value hierarchy. All investments in which the fair value hierarchy is applicable are measured at fair value on a recurring basis. At year end, the District's investments consisted of the following:
Average Maturities Fair Value County Treasurer’s investment pool 318 days $ 42,399,628 Arizona School Risk Retention Trust 262 days 59,449 Total $ 42,459,077
Interest Rate Risk. The District does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 5 – CASH AND INVESTMENTS Credit Risk. The District has no investment policy that would further limit its investment choices. As of year end, the District’s investment in the County Treasurer’s investment pool did not receive a credit quality rating from a national rating agency. All investments held in the Arizona School Risk Retention Trust Investment Pool were rated between A- and AA+ by Standard and Poor's at year end. Custodial Credit Risk – Investments. The District’s investment in the County Treasurer’s investment pool and the Arizona School Risk Retention Trust Investment Pool represent a proportionate interest in the pool’s portfolio; however the District’s portion is not identified with specific investments and is not subject to custodial credit risk.
NOTE 6 – RECEIVABLES Receivable balances, net of allowance for uncollectibles, have been disaggregated by type and presented separately in the financial statements with the exception of due from governmental entities. Due from governmental entities, net of allowance for uncollectibles, as of year end for the District’s individual major funds and non-major governmental funds in the aggregate, were as follows:
General
Fund
Non-Major Governmental
Funds Due from other governmental entities:
Due from federal government $ 103,979 $ 3,121,652 Due from state government 18,873,982 1,818,903 Due from other districts 131,208
Net due from governmental entities $ 18,977,961 $ 5,071,763
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 7 – CAPITAL ASSETS A summary of capital asset activity for the current fiscal year follows:
Governmental Activities Beginning Balance Increase Decrease
Ending Balance
Capital assets, not being depreciated: Land $ 291,205 $ $ $ 291,205 Construction in progress 4,935,430 3,519,751 7,729,067 726,114
Total capital assets, not being depreciated 5,226,635 3,519,751 7,729,067 1,017,319 Capital assets, being depreciated:
Land improvements 22,973,658 1,583,513 24,557,171 Buildings and improvements 326,125,373 13,432,840 339,558,213 Vehicles, furniture and equipment 22,994,814 2,049,377 281,522 24,762,669
Total capital assets being depreciated 372,093,845 17,065,730 281,522 388,878,053 Less accumulated depreciation for:
Land improvements (16,091,052) (824,764) (16,915,816)Buildings and improvements (148,810,678) (10,102,658) (158,913,336)Vehicles, furniture and equipment (15,317,669) (1,047,756) (274,867) (16,090,558)
Total accumulated depreciation (180,219,399) (11,975,178) (274,867) (191,919,710) Total capital assets, being depreciated, net 191,874,446 5,090,552 6,655 196,958,343 Governmental activities capital assets, net $ 197,101,081 $ 8,610,303 $ 7,735,722 $ 197,975,662
Depreciation expense was charged to governmental functions as follows:
Instruction $ 9,158,259 Support services – students and staff 770,848 Support services – administration 659,855 Operation and maintenance of plant services 292,925 Student transportation services 285,189 Operation of non-instructional services 808,102 Total depreciation expense – governmental activities $ 11,975,178
Construction Commitments – At year end, the District had contractual commitments related to various capital projects for the construction of school renovations. At year end, the District had spent $726,114 on the projects and had estimated remaining contractual commitments of $452,328. These projects are being funded with Bond Building monies, and monies from energy and water savings.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 8 – SHORT TERM DEBT Tax Anticipation Notes – In July 2018, the District issued $14,000,000 million in tax anticipation notes in advance of property tax collections, depositing the proceeds in the General Fund. These notes are necessary to provide cash flow as most tax revenue is collected in November and May. Property tax revenues of the General Fund were used to repay the notes. Short-term debt activity for the current fiscal year, was as follows:
Beginning Balance Issued Redeemed
Ending Balance
Tax anticipation notes $14,000,000 $14,000,000 $28,000,000 $ Revolving Line of Credit – The District has a revolving line of credit to provide cash flow during the year to mitigate the impact of timing differences of expenditures and the receipt of state aid and property tax revenues. At year end, the District had $11,028,000 in unused line of credit. General Fund revenues will be used to repay the line of credit in July 2019. Short-term debt activity for the current fiscal year, was as follows:
Beginning Balance Issued Redeemed
Ending Balance
Revolving line of credit $13,011,000 $17,712,000 $21,751,000 $ 8,972,000 NOTE 9 – OBLIGATIONS UNDER CAPITAL LEASES
The District has acquired buses, energy upgrades, copiers, and equipment under the provisions of long-term lease agreements classified as capital leases. These lease agreements qualify as capital leases for accounting purposes and, therefore, have been recorded at the present value of their future minimum lease payments as of the inception date. Revenues from the Unrestricted Capital Outlay Fund and the Energy and Water Savings Fund are used to pay the capital lease obligations. Amortization of assets recorded under capital leases is included with depreciation expense.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 9 – OBLIGATIONS UNDER CAPITAL LEASES The assets acquired through capital leases that meet the District’s capitalization threshold are as follows:
Governmental
Activities Asset:
Construction in progress $ 103,815 Building improvements 10,803,232 Vehicles and equipment 256,630 Less: Accumulated depreciation 2,879,352
Total $ 8,284,325 The future minimum lease obligations and the net present value of these minimum lease payments as of year end were as follows:
Year Ending June 30: Governmental
Activities 2020 $ 1,959,127 2021 2,271,133 2022 2,227,494 2023 571,670 2024 583,310 2025-29 3,002,729 2030-34 3,004,103
Total minimum lease payments 13,619,566 Less: amount representing interest 2,599,757 Present value of minimum lease payments 11,019,809 Due within one year $ 1,381,249
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 10 – GENERAL OBLIGATION BONDS PAYABLE
Bonds payable at year end, consisted of the following outstanding general obligation bonds. The bonds are both callable and noncallable with interest payable semiannually. Property taxes from the Debt Service Fund are used to pay bonded debt. The District’s legal debt limit is $345.0 million, and the available margin is $224.5 million.
Purpose
Original Amount Issued
Interest Rates
Remaining Maturities
Outstanding Principal
June 30, 2019 Due Within One Year
Governmental activities: School Improvement Bonds, Project of 2011, Series A (2012) $22,440,000
3.00-4.00% 7/1/19-31 $ 20,345,000 $ 1,150,000
School Improvement Bonds, Project of 2011, Series C (2013) 22,800,000
2.50-5.00% 7/1/19-28 22,800,000 1,945,000
School Improvement Bonds, Project of 2011, Series E (2015) 8,435,000
2.00-4.00% 7/1/19-30 8,435,000 600,000
School Improvement Bonds, Project of 2015, Series A (2016) 30,000,000
2.00-4.00% 7/1/19-35 29,000,000 9,500,000
School Improvement Bonds, Project of 2015, Series B (2017) 18,115,000
3.00-5.00% 7/1/19-28 18,115,000 1,095,000
School Improvement Bonds, Project of 2015, Series C (2019) 18,565,000
3.00-5.00% 7/1/20-24 18,565,000
Total $ 117,260,000 $14,290,000
Annual debt service requirements to maturity on general obligation bonds at year end, are summarized as follows:
Governmental Activities Year ending June 30: Principal Interest
2020 $ 14,290,000 $ 3,758,864 2021 13,435,000 3,750,067 2022 13,910,000 3,210,149 2023 14,510,000 2,611,637 2024 7,645,000 2,163,211 2025-29 34,510,000 6,699,198 2030-34 15,185,000 1,884,630 2035-36 3,775,000 129,843
Total $ 117,260,000 $ 24,207,599
Page 61
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 11 – CHANGES IN LONG-TERM LIABILITIES Long-term liability activity for the current fiscal year was as follows:
Beginning Balance Additions Reductions
Ending Balance
Due Within One Year
Governmental activities: Bonds payable:
General obligation bonds $ 117,030,000 $ 18,565,000 $ 18,335,000 $ 117,260,000 $ 14,290,000Premium 4,226,750 1,579,727 347,780 5,458,697
Total bonds payable 121,256,750 20,144,727 18,682,780 122,718,697 14,290,000 Obligations under capital leases 5,813,012 6,601,000 1,394,203 11,019,809 1,381,249 Net OPEB liability 23,338,684 1,461,544 24,800,228 Net pension liability 127,123,125 13,199,902 113,923,223 Compensated absences payable 4,961,879 2,564,814 2,040,316 5,486,377 410,000 Governmental activity long-term
liabilities $ 282,493,450 $ 30,772,085 $ 35,317,201 $ 277,948,334 $ 16,081,249
NOTE 12 – INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS At year end, interfund balances were as follows:
Due to/from other funds:
General
Fund
Non-Major Governmental
Funds
Total Due to Other
Funds General Fund $ 4 $ 1,628,020 $ 1,628,024Non-Major Governmental Funds 2,392,388 2,392,388Total Due from Other Funds $ 4 $ 4,020,408 $ 4,020,412
At year end, several non-major governmental funds had negative cash balances in the Treasurer’s pooled cash accounts. Negative cash on deposit with the County Treasurer was reduced by interfund borrowing with other funds. Additionally, a due to other funds from the Auxiliary Operations Fund, a non-major governmental fund, was recorded in various other non-major funds for revenues collected in the bookstore belonging to the various other funds. All interfund balances are expected to be paid within one year.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 12 – INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS Interfund transfers:
Transfers in
Transfers out
General
Fund
Debt
Service
Non-Major Governmental
Funds
Total General Fund $ $ $ 1,395,605 $ 1,395,605 Bond Building Fund 183,118 183,118 Non-Major Governmental Funds 277,442 277,442 Total $ 277,442 $ 183,118 $ 1,395,605 $ 1,856,165
Transfers between funds were used to (1) move investment income and premium earned in the Bond Building Fund that is required by statute to be expended in the Debt Service Fund, (2) to move federal grant funds restricted for indirect costs, (3) and to move monies received for energy savings to the Energy and Water Savings Fund, a non-major governmental fund.
NOTE 13 – CONTINGENT LIABILITIES
Compliance – Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies, principally the federal government. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of expenditures/expenses that may be disallowed by the grantor cannot be determined at this time, although the District expects such amounts, if any, to be immaterial. Lawsuits – The District is a party to a number of various types of lawsuits, many of which normally occur in governmental operations. The ultimate outcome of the actions is not determinable, however, District management believes that the outcome of these proceedings, either individually or in the aggregate, will not have a materially adverse effect on the accompanying financial statements. Arbitrage – Under the Tax Reform Act of 1986, interest earned on the debt proceeds in excess of interest expense or expenditure prior to the disbursement of the proceeds must be rebated to the Internal Revenue Service (IRS). Management believes there is no tax arbitrage rebate liability at year-end.
Page 63
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 14 – RISK MANAGEMENT The District was unable to obtain general property and liability insurance at a cost it considered to be economically justifiable. Therefore, the District joined the Arizona School Risk Retention Trust, Inc. (ASRRT). ASRRT is a public entity risk pool currently operating as a common risk management and insurance program for school districts and community colleges in the State. The District pays an annual premium to ASRRT for its general insurance coverage. The agreement provides that ASRRT will be self-sustaining through member premiums and will reinsure through commercial companies for claims in excess of specified amounts. The District joined the Arizona School Alliance for Workers’ Compensation, Inc. (Alliance) together with other school districts in the state for risks of loss related to workers’ compensation claims. The Alliance is a public entity risk pool currently operating as a common risk management and insurance program for school districts in the State. The District pays an annual premium to the Alliance for its employee workers’ compensation coverage. The agreement provides that the Alliance will be self-sustaining through members’ premiums and will reinsure through commercial companies for claims in excess of specified amounts for each insured event. The District established an Employee Benefit Trust fund (an Internal Service Fund) to account for and finance its uninsured risks of loss related to employee health and accident claims. The District joined the Valley Schools Employee Benefit Group (VSEBG) together with other districts in the state for the risks of loss related to employee health claims. VSEBG is a public entity risk pool currently operating as a common risk management and insurance program for member school districts. The District, through the Employee Benefit Trust Fund, pays a lump-sum annual premium to VSEBG for health insurance coverage. The agreement provides that VSEBG will be self-sustaining through members’ premiums and will reinsure through commercial companies for claims in excess of specified amounts for each insured event. Under this program, the Employee Benefit Trust Fund collects contributions and pays premiums on insurance.
NOTE 15 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS
Aggregate Amounts. At June 30, 2019, the District reported the following aggregate amounts related to pensions and OPEB for all plans to which it contributes:
Pension OPEB
Net assets $ (295,195)$
Net liability 113,923,223 24,800,228
Deferred outflows of resources 18,342,222 1,904,193
Deferred inflows of resources 13,468,482 904,305
Expense 4,214,636 2,161,686
Contributions 9,716,214 1,610,530
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 15 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS
A. Arizona State Retirement System Plan Description. District employees participate in the Arizona State Retirement System (ASRS). The ASRS administers a cost-sharing multiple-employer defined benefit pension plan, a cost-sharing multiple-employer defined benefit health insurance premium benefit (OPEB) plan, and a cost-sharing multiple-employer defined benefit long-term disability (OPEB) plan. The Arizona State Retirement System Board governs the ASRS according to the provisions of A.R.S. Title 38, Chapter 5, Articles 2 and 2.1. ASRS is a component unit of the State of Arizona. The ASRS issues a publicly available financial report that includes its financial statements and required supplementary information. The report is available on the ASRS website at www.azasrs.gov. Benefits Provided. The ASRS provides retirement, health insurance premium supplement, long-term disability, and survivor benefits. State statute establishes benefit terms. Retirement benefits are calculated on the basis of age, average monthly compensation, and service credit as follows:
Retirement Initial Membership Date:
Before July 1, 2011 On or After July 1, 2011 Years of service and
age required to receive benefit
Sum of years and age equals 80 10 years, age 62 5 years, age 50* Any years, age 65
30 years, age 55 25 years, age 60 10 years, age 62 5 years, age 50* Any years, age 65
Final average salary is
based on Highest 36 months of last
120 months Highest 60 months of last
120 months Benefit percent per
year of service 2.1% to 2.3% 2.1% to 2.3%
*With actuarially reduced benefits
Retirement benefits for members who joined the ASRS prior to September 13, 2013, are subject to automatic cost-of-living adjustments based on excess investment earnings. Members with a membership date on or after September 13, 2013, are not eligible for cost-of-living adjustments. Survivor benefits are payable upon a member’s death. For retired members, the survivor benefit is determined by the retirement benefit option chosen. For all other members, the beneficiary is entitled to the member’s account balance that includes the member’s contributions and employer’s contributions, plus interest earned.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 15 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS Retired and disabled members, with at least five years of credited service, are eligible to receive health insurance premium benefits. The benefits are payable only with respect to allowable health insurance premiums for which the member is responsible. For members with 10 or more years of service, benefits range from $100 per month to $260 per month depending on the age of the member and dependents. For members with five to nine years of service, the benefits are the same dollar amounts as above multiplied by a vesting fraction based on completed years of service. Active members are eligible for a long-term disability benefit in the event they become unable to perform their work. The monthly benefit is equal to two-thirds of their monthly earnings. Members receiving benefits continue to earn service credit up to their normal retirement dates. Members with long-term disability commencement dates after June 30, 1999 are limited to 30 years of service or the service on record as of the effective disability date, if their service is greater than 30 years.
Contributions. In accordance with state statutes, annual actuarial valuations determine active member and employer contribution requirements. The combined active member and employer contribution rates are expected to finance the costs of benefits employees earn during the year, with an additional amount to finance any unfunded accrued liability. For the current fiscal year, active ASRS members were required by statute to contribute at the actuarially determined rate of 11.80 percent (11.64 percent for retirement and 0.16 percent for long-term disability) of the members’ annual covered payroll, and the District was required by statute to contribute at the actuarially determined rate of 11.80 percent (11.18 percent for retirement, 0.46 percent for health insurance premium benefit, and 0.16 percent for long-term disability) of the active members’ annual covered payroll. The District’s contributions for the year ended June 30, 2019 were as follows:
Employers are also required to pay an Alternate Contribution Rate (ACR), for retired members who return to work in positions that would typically be filled by an employee who contributes to ASRS. The District was required by statute to contribute at the actuarially determined rate of 10.53 percent (10.41 for retirement, 0.06 percent for health insurance premium benefit, and 0.06 percent for long-term disability). ACR contributions are included in employer contributions presented above.
The District’s pension and OPEB contributions are paid by the same funds as the employee’s salary, with the largest component coming from the General Fund.
Contributions
Pension $ 9,716,214
Health Insurance Premium 399,773
Long-Term Disability 139,051
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 15 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS
Pension and OPEB Assets/Liability. The net pension and OPEB assets/liability were measured as of June 30, 2018. The total liability used to calculate the net asset or net liability was determined using update procedures to roll forward the total liability from an actuarial valuation as of June 30, 2017, to the measurement date of June 30, 2018. The total liability as of June 30, 2018 reflects changes in actuarial assumptions based on the results of an actuarial experience study for the five-year period ended June 30, 2016, including decreasing the discount rate from 8.0 percent to 7.5 percent, changing the projected salary increases from 3-6.75 percent to 2.7-7.2 percent, decreasing the inflation rate from 3 percent to 2.3 percent, and changing the mortality rates. The District’s proportion of the net assets/liability was based on the District’s actual contributions to the applicable plan relative to the total of all participating employers’ contributions to the plan for the year ended June 30, 2018. At June 30, 2019, the District reported the following amounts for its proportionate share of the ASRS plans net assets/liability. In addition, at June 30, 2018, the District’s percentage proportion for each plan and the related change from its proportion measured as of June 30, 2017 was:
Pension/OPEB Expense and Deferred Outflows/Inflows of Resources. The District has deferred outflows and inflows of resources related to the net pension and OPEB assets/liabilities. Certain changes in the net pension and OPEB assets/liability are recognized as pension and OPEB expense over a period of time rather than the year of occurrence. For the year ended June 30, 2019, the District recognized pension and OPEB expense as follows:
Net(Assets) Liability
District% Proportion
Increase (Decrease)
Pension $ 113,923,223 0.817 0.001
Health Insurance Premium (295,195) 0.820 0.002
Long-Term Disability 427,367 0.818 0.003
Expense
Pension $ 4,214,636
Health Insurance Premium 297,838
Long-Term Disability 154,315
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 15 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS The District reported deferred outflows of resources and deferred inflows of resources related to pensions and OPEB from the following sources:
Pension
HealthInsurance Premium
Long-TermDisability
Differences between expected and actual experience $ 3,138,492 $ $ 10,929
Changes of assumptions or other inputs 3,014,617 569,286 92,566
Net difference between projected and actual earnings on pension investments
Changes in proportion and differences between contributions and proportionate share of contributions 2,472,899 801
Contributions subsequent to the measurement date 9,716,214 399,773 139,051
Total $ 18,342,222 $ 969,059 $ 243,347
Pension
HealthInsurance Premium
Long-TermDisability
Differences between expected and actual experience $ 628,040 $ 272,453 $
Changes of assumptions or other inputs 10,100,858
Net difference between projected and actual earnings on pension investments 2,739,584 589,697 41,395
Changes in proportion and differences between contributions and proportionate share of contributions 723 37
Total $ 13,468,482 $ 862,873 $ 41,432
Deferred Outflows of Resources
Deferred Inflows of Resources
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 15 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS The amounts of deferred outflows of resources resulting from contributions subsequent to the measurement date as reported in the table above will be recognized as an adjustment of the net pension and OPEB assets/liability in the year ended June 30, 2020. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions and OPEB will be recognized in pension and OPEB expense as follows:
Actuarial Assumptions. The significant actuarial assumptions used to measure the total pension and OPEB liability are as follows:
Pension OPEB Actuarial valuation date June 30, 2017 June 30, 2017 Actuarial roll forward date June 30, 2018 June 30, 2018 Actuarial cost method Entry age normal Entry age normal Investment rate of return 7.5% 7.5% Projected salary increases 2.7-7.2% Not applicable Inflation 2.3% 2.3% Permanent base increases Included Not applicable Mortality rates 2017 SRA Scale U-MP Health Ins: 2017
SRA Scale U-MP, LTD: 2012 GLTD
Healthcare cost trend rate Not applicable Not applicable
The actuarial assumptions used in the June 30, 2017 valuation were based on the results of an actuarial experience study for the five-year period ended June 30, 2016. The purpose of the experience study was to review actual experience in relation to the actuarial assumptions in effect. The ASRS Board adopted the experience study recommended changes which were applied to the June 30, 2017, actuarial valuation.
Year Ending June 30: Pension
HealthInsurance Premium
Long-TermDisability
2020 $ 2,960,879 $ (114,477) $ 1,359
2021 (2,419,008) (114,478) 1,360
2022 (4,155,747) (114,478) 1,360
2023 (1,228,598) 11,165 12,447
2024 38,681 14,480
Thereafter 31,858
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 15 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS The long-term expected rate of return on ASRS plan investments was determined to be 7.5 percent using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage, excluding any expected inflation. On June 29, 2018, the ASRS Board approved updated strategic asset allocation targets, to be effective July 2018. The target allocation and best estimates of geometric real rates of return for each major asset class for all ASRS plans are summarized in the following table:
Asset Class Target
Allocation
Long-Term Expected Real Rate of Return
Equity 50% 5.50% Fixed income 30% 3.83 Real estate 20% 5.85
Total 100% Discount Rate. The discount rate used to measure the ASRS total pension and OPEB liability was 7.5 percent, which was a decrease of 0.5 from the discount rate used as of June 30, 2017. The projection of cash flows used to determine the discount rate assumed that contributions from participating employers will be made based on the actuarially determined rates based on the ASRS Board’s funding policy, which establishes the contractually required rate under Arizona statute. Based on those assumptions, the plans’ fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on investments was applied to all periods of projected benefit payments to determine the total pension and OPEB liability.
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 15 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS Sensitivity of the Proportionate Share of the Net Pension and OPEB Asset/Liability to Changes in the Discount Rate. The following presents the District’s proportionate share of the net pension and OPEB assets/liability calculated using the discount rate of 7.5 percent, as well as what the proportionate share of the net pension and OPEB asset/liability would be if it were calculated using a discount rate that is 1-percentage-point lower or 1-percentage-point higher than the current rate:
Pension and OPEB Plan Fiduciary Net Position. Detailed information about the pension and OPEB plan’s fiduciary net position is available in the separately issued ASRS financial report. The report is available on the ASRS website at www.azasrs.gov. B. Single-Employer OPEB Plan Plan Description. Under authority of the Governing Board, the District provides postretirement insurance benefits, for certain retirees and their dependents, in accordance with the District’s Early Retiree Program. The plan is a single-employer defined benefit OPEB plan administered by the District. No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement 75. Employees hired on or after July 1, 2009 are not eligible for District-paid retiree health benefits or reimbursements. Generally, resources from the General Fund are used to pay for postemployment benefits. Benefits Provided. Eligible retirees receive a contribution towards coverage under the District’s medical plans, up to the retiree-only premium for the Preferred PPO. The retiree must designate the District as the recipient of the ASRS Retiree Premium Benefit (also called the “ASRS subsidy”). Retirees are also eligible to join one of the District’s two dental plans (Delta or Assurant) and receive a District contribution for the cost of single retiree dental coverage. Retirees may elect dependent coverage but must self-pay the entire additional premium for such coverage. The District also pays for the cost of $50,000 of term life insurance for each retiree.
1% DecreaseCurrent
Discount Rate 1% Increase
Rate 6.5% 7.5% 8.5%
Pension $ 162,400,175 $ 113,923,223 $ 73,421,513
Health Insurance Premium 1,045,945 (295,195) (1,437,579)
Long-Term Disability 484,325 427,367 372,101
Proportionate share of the net (assets) liability
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 15 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS Effective for retirements on or after July 1, 2013, retirees must join an ASRS health plan to be eligible for District-paid medical and dental reimbursements. The District will reimburse these retirees for medical and dental premiums paid by the retiree, to a maximum of the same dollar cap applicable to retirees still on the District health plans. Retirees with at least 30 years of District service continue to receive benefits until age 65. Retirees with between 25 and 29 years of District service receive benefits for the lesser of 10 years or until age 65. Retirees with between 20 and 24 years of District service receive benefits for the lesser of nine years or until age 65, and retirees with less than 20 years of District service receive benefits for the lesser of eight years or until age 65. Retirees who retired prior to July 1, 2013, are grandfathered and may continue coverage under the District plans until their benefits terminate according to the rules in effect at the time of their retirement. Contributions. The District currently pays for postemployment benefits on a pay-as-you-go basis. For the current fiscal year, the District contributed $1,071,706 for these benefits. Employees covered by benefit terms. The following employees were covered as of the effective date of the OPEB valuation:
Total OPEB Liability. The District’s total OPEB liability of $24,372,861 was measured as of July 1, 2018, and was determined by an actuarial valuation as of that date.
Inactive employees or beneficiaries currently receiving benefit payments 151
Inactive employees entitled to but not yet receiving benefit payments 663
Total 814
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 15 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS Actuarial Assumptions and Other Inputs. Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and the plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit cost between the employer and plan members to that point. The total OPEB liability in the June 30, 2018 actuarial valuation was determined using the following actuarial assumptions and other inputs, applied to all periods included in the measurement, unless otherwise specified:
Measurement date June 30, 2018 Actuarial valuation date July 1, 2018 Interest rate 4.00% Inflation rate 3.00% Projected salary increases 3.00% Health care cost trend rate:
Medical and Prescription Drug 5.5% fiscal year 2019, 5.25% fiscal year 2020, 5% fiscal year 2021 and thereafter
Retiree contribution increase Consistent with medical/drug trends
ASRS subsidy increases None Cost of living adjustments N/A
The discount rate is based on the estimate of expected long-term plan experience. Mortality rates were based on the RP-2014 Employee Mortality Table, without projection (Pre-Retirement), RP-2014 Health Annuitant Mortality Table, without projection (Post-Retirement).
Changes in the Total OPEB Liability
Total OPEB Liability – beginning of year $ 23,043,247
Changes for the year:
Service cost 758,949
Interest 814,940
Changes in assumptions or other inputs 827,431
Benefit payments (1,071,706)
Total OPEB Liability – end of year $ 24,372,861
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 15 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS
Sensitivity of the total OPEB liability to changes in the discount rate. The following presents the total OPEB liability of the District, as well as what the District’s total OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower or 1-percentage-point higher than the current rate:
1% Decrease
(2.13%)
Current Discount
Rate (3.13%)
1% Increase (4.13%)
Total OPEB liability $ 26,158,152 $ 24,372,861 $ 22,717,566
Sensitivity of the total OPEB liability to changes in the healthcare cost trend rates. The following presents the total OPEB liability of the District, as well as what the District’s total OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower or 1-percentage-point higher than the current rate:
1% Decrease (5.00%
decreasing to 4.00%)
Current Healthcare Cost Trend
Rates (6.00%
decreasing to 5.00%)
1% Increase (7.00%
decreasing to 6.00%)
Total OPEB liability $ 22,037,629 $ 24,372,861 $ 27,066,864
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB. For the year ended June 30, 2019, the District recognized OPEB expense of $1,709,533. At June 30, 2019, the District reported deferred outflows of resources and deferred inflows of resources related to OPEB.
Deferred Outflows of Resources
DeferredInflows of Resources
Changes of assumptions or other inputs $ 691,787 $
Total $ 691,787 $
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GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2019
NOTE 15 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:
NOTE 16 – SUBSEQUENT EVENT
Tax Anticipation Notes – In August 2019, the District issued $12,000,000 of tax anticipation notes in advance of property tax collections, depositing the proceeds in its General Fund.
Year Ending June 30: OPEB
2020 135,644
2021 135,644
2022 135,644
2023 135,644
2024 135,644
Thereafter 13,567
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REQUIRED SUPPLEMENTARY INFORMATION
Page 77
Revenues:Other localProperty taxesState aid and grants
Total revenues
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Total expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances, beginning of year
Increase (decrease) in reserve for prepaid items
Fund balances, end of year
Budgeted Amounts
Original
$ 6,800,00046,606,46058,479,914
111,886,374
71,603,05510,671,500
8,902,00016,156,648
4,560,000765,000
112,658,203
(771,829)
1,386,1631,386,163
614,334
3,500,000
$ 4,114,334
Final
$ 6,800,00046,606,46058,479,914
111,886,374
66,854,46615,109,3029,780,000
16,603,7504,875,000
790,000114,012,518
(2,126,144)
1,386,1631,386,163
(739,981)
3,500,000
$ 2,760,019
Non-GAAP Actual
$ 6,282,92842,170,63163,439,243
111,892,802
62,867,44415,067,75810,291,14815,882,3294,874,059
783,189109,765,927
2,126,875
(1,395,605)(1,395,605)
731,270
4,970,283
82,786
$ 5,784,339
Variance with Final Budget
Positive (Negative)
$ (517,072)(4,435,829)
4,959,3296,428
3,987,02241,544
(511,148)721,421
9416,811
4,246,591
4,253,019
(2,781,768)(2,781,768)
1,471,251
1,470,283
82,786
$ 3,024,320
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUALGENERAL
YEAR ENDED JUNE 30, 2019
See accompanying notes to this schedule.
Page 78
2019 2018 2017 2016 2015
Measurement date June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015 June 30, 2014
District's proportion of the net pension(assets) liability 0.82% 0.82% 0.78% 0.77% 0.77%
District's proportionate share of the netpension (assets) liability 113,923,223$ 127,123,125$ 125,733,583$ 119,203,326$ 113,921,888$
District's covered payroll 80,928,780$ 79,329,824$ 72,534,802$ 70,545,381$ 69,329,374$
District's proportionate share of the net pension (assets) liability as a percentageof its covered payroll 140.77% 160.25% 173.34% 168.97% 164.32%
Plan fiduciary net position as a percentage of the total pension liability 73.40% 69.92% 67.06% 68.35% 69.49%
2019 2018 2017 2016 2015
Actuarially determined contribution 9,716,214$ 8,821,237$ 8,551,755$ 7,870,026$ 7,682,392$
Contributions in relation to the actuarially determined contribution 9,716,214 8,821,237 8,551,755 7,870,026 7,682,392
Contribution deficiency (excess) $ $ $ $ $
District's covered payroll 86,907,102$ 80,928,780$ 79,329,824$ 72,534,802$ 70,545,381$
Contributions as a percentageof covered payroll 11.18% 10.90% 10.78% 10.85% 10.89%
NOTE:
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205SCHEDULE OF THE PROPORTIONATE SHARE OF THE NET PENSION LIABILITY
ARIZONA STATE RETIREMENT SYSTEMLAST FIVE FISCAL YEARS
SCHEDULE OF PENSION CONTRIBUTIONSARIZONA STATE RETIREMENT SYSTEM
LAST FIVE FISCAL YEARS
The pension and OPEB schedules in the required supplementary information are intended to show information for ten years, and additional information will be displayed as it becomes available.
See accompanying notes to this schedule.
Page 79
2019 2018
Measurement date June 30, 2018 June 30, 2017
District's proportion of the net OPEB(assets) liability 0.82% 0.82%
District's proportionate share of the netOPEB (assets) liability (295,195)$ (445,363)$
District's covered payroll 80,928,780$ 79,329,824$
District's proportionate share of the net OPEB (assets) liability as a percentageof its covered payroll (0.36)% (0.56)%
Plan fiduciary net position as a percentage of the total OPEB liability 102.20% 103.57%
2019 2018
Actuarially determined contribution 399,773$ 356,087$
Contributions in relation to the actuarially determined contribution 399,773 356,087
Contribution deficiency (excess) $ $
District's covered payroll 86,907,102$ 80,928,780$
Contributions as a percentageof covered payroll 0.46% 0.44%
NOTE:
LAST TWO FISCAL YEARS
The pension and OPEB schedules in the required supplementary information are intended to show information for ten years, and additional information will be displayed as it becomes available.
SCHEDULE OF OPEB CONTRIBUTIONSARIZONA STATE RETIREMENT SYSTEM - HEALTH INSURANCE PREMIUM
LAST TWO FISCAL YEARS
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205SCHEDULE OF THE PROPORTIONATE SHARE OF THE NET OPEB LIABILITYARIZONA STATE RETIREMENT SYSTEM - HEALTH INSURANCE PREMIUM
See accompanying notes to this schedule.
Page 80
2019 2018
Measurement date June 30, 2018 June 30, 2017
District's proportion of the net OPEB(assets) liability 0.82% 0.82%
District's proportionate share of the netOPEB (assets) liability 427,367$ 295,437$
District's covered payroll 80,928,780$ 79,329,824$
District's proportionate share of the net OPEB (assets) liability as a percentageof its covered payroll 0.53% 0.37%
Plan fiduciary net position as a percentage of the total OPEB liability 77.83% 84.44%
2019 2018
Actuarially determined contribution 139,051$ 129,486$
Contributions in relation to the actuarially determined contribution 139,051 129,486
Contribution deficiency (excess) $ $
District's covered payroll 86,907,102$ 80,928,780$
Contributions as a percentageof covered payroll 0.16% 0.16%
NOTE:
LAST TWO FISCAL YEARS
The pension and OPEB schedules in the required supplementary information are intended to show information for ten years, and additional information will be displayed as it becomes available.
SCHEDULE OF OPEB CONTRIBUTIONSARIZONA STATE RETIREMENT SYSTEM - LONG-TERM DISABILITY
LAST TWO FISCAL YEARS
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205SCHEDULE OF THE PROPORTIONATE SHARE OF THE NET OPEB LIABILITY
ARIZONA STATE RETIREMENT SYSTEM - LONG-TERM DISABILITY
See accompanying notes to this schedule.
Page 81
2019 2018
Measurement date June 30, 2019 June 30, 2018
Total OPEB liabilityService cost $ 758,949 $ 732,435 Interest 814,940 794,237 Changes of assumptions or other inputs 827,431 Benefit payments (1,071,706) (839,897)Net change in total OPEB liability 1,329,614 686,775 Total OPEB liability—beginning 23,043,247 22,356,472 Total OPEB liability—ending $ 24,372,861 $ 23,043,247 Covered-employee payroll $ 40,759,337 $ 42,426,168
59.80% 54.31%
NOTE: The pension and OPEB schedules in the required supplementary information are intended to show information for ten years, and additional information will be displayed as it becomes available.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205SCHEDULE OF CHANGES IN THE TOTAL OPEB LIABILITY AND RELATED RATIOS
OTHER POSTEMPLOYMENT BENEFITS PLANLAST TWO FISCAL YEARS
Total OPEB liability as a percentage of covered-employee payroll
See accompanying notes to this schedule.
Page 82
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
JUNE 30, 2019
NOTE 1 – BUDGETARY BASIS OF ACCOUNTING The District budget is prepared on a basis consistent with accounting principles generally accepted in the United States of America, except for the following item.
Certain activities reported in the General Fund are budgeted in separate funds in accordance with Arizona Revised Statutes.
Prepaid items are budgeted in the year prepaid. The following schedule reconciles expenditures and fund balances at the end of year.
Total
Expenditures Fund Balances
End of Year Statement of Revenues, Expenditures and Changes in
Fund Balances – Governmental Funds $ 113,324,880 $ 8,562,538 Activity budgeted as special revenue funds (1,271,055) (1,302,756)Activity budgeted as capital projects funds (1,537,898) (1,475,443)Prior-year prepaid items (750,000)Schedule of Revenues, Expenditures and Changes in
Fund Balances – Budget and Actual – General Fund $ 109,765,927 $ 5,784,339
NOTE 2 – PENSION AND OPEB PLAN SCHEDULES Actuarial Assumptions for Valuations Performed. The information presented in the required supplementary schedules was determined as part of the actuarial valuations at the dates indicated, which is the most recent actuarial valuation. The actuarial assumptions used are disclosed in the notes to the financial statements. Factors that Affect Trends. For the ASRS OPEB plans, the actuarial assumptions used in the June 30, 2017, valuation were based on the results of an actuarial experience study for the five-year period ended June 30, 2016. The purpose of the experience study was to review actual experience in relation to the actuarial assumptions in effect. The ASRS Board adopted the experience study recommended changes which were applied to the June 30, 2017, actuarial valuation. For the stand alone OPEB plan, disclosures are included in the notes to the financial statements.
Page 83
(This page intentionally left blank)
Page 84
COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS
AND SCHEDULES
Page 85
(This page intentionally left blank)
Page 86
GOVERNMENTAL FUNDS
Page 87
ASSETSCash and investmentsAccounts receivableDue from governmental entitiesDue from other funds
Total assets
LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCESLiabilities:
Accounts payableDue to other fundsAccrued payroll and employee benefitsUnearned revenues
Total liabilities
Deferred inflows of resources:Unavailable revenues - intergovernmental
Fund balances (deficits):RestrictedUnassigned
Total fund balances
Total liabilities, deferred inflows of resourcesand fund balances
Special Revenue
$ 4,286,3719,540
5,071,7633,788,937
$ 13,156,611
$ 975,9332,380,959
159,665508
3,517,065
2,174,991
9,639,546(2,174,991)
7,464,555
$ 13,156,611
Capital Projects
$ 1,670,484
231,471$ 1,901,955
$11,429
11,429
1,890,526
1,890,526
$ 1,901,955
Total Non-Major Governmental
Funds
$ 5,956,8559,540
5,071,7634,020,408
$ 15,058,566
$ 975,9332,392,388
159,665508
3,528,494
2,174,991
11,530,072(2,174,991)
9,355,081
$ 15,058,566
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING BALANCE SHEET - ALL NON-MAJOR GOVERNMENTAL FUNDS - BY FUND TYPE
JUNE 30, 2019
Page 88
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Total revenues
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayDebt service -
Principal retirementInterest and fiscal charges
Total expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer outCapital lease agreementsInsurance recoveries
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances, end of year
Special Revenue
$ 6,114,04910,441,87717,085,26733,641,193
17,802,6056,065,320
436,702786,055172,593
6,189,8342,192,797
33,645,906
(4,713)
(277,442)
(277,442)
(282,155)
7,746,710
$ 7,464,555
Capital Projects
$ 243,4241,799,176
210,9262,253,526
5,160
16,35917,673
5,980,245
1,297,251370,052
7,686,740
(5,433,214)
1,395,605
6,601,00075,271
8,071,876
2,638,662
(748,136)
$ 1,890,526
Total Non-Major Governmental
Funds
$ 6,357,47312,241,05317,296,19335,894,719
17,807,7656,065,320
436,702802,414190,266
6,189,8348,173,042
1,297,251370,052
41,332,646
(5,437,927)
1,395,605(277,442)6,601,000
75,2717,794,434
2,356,507
6,998,574
$ 9,355,081
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
ALL NON-MAJOR GOVERNMENTAL FUNDS - BY FUND TYPEYEAR ENDED JUNE 30, 2019
Page 89
SPECIAL REVENUE FUNDS Classroom Site - to account for the financial activity for the portion of state sales tax collections and permanent state school fund earnings as approved by the voters in 2000. Instructional Improvement - to account for the activity of monies received from gaming revenue. Title I Grants - to account for financial assistance received for the purpose of improving the teaching and learning of children failing, or most at-risk of failing, to meet challenging state academic standards. Professional Development & Technology Grants - to account for financial assistance received to increase student academic achievement through improving teacher quality. Title IV Grants - to account for financial assistance received for chemical abuse awareness programs and expanding projects that benefit educational and health needs of the communities. Limited English and Immigrant Students - to account for financial assistance received for educational services and costs for limited English and immigrant children. Special Education Grants - to account for supplemental financial assistance received to provide a free, appropriate public education to disabled children. Vocational Education - to account for financial assistance received for preparation of individuals for employment or advancement in a career not requiring a baccalaureate or advanced degree. Homeless Education - to account for financial assistance received for the education of homeless students. Medicaid Reimbursement - to account for reimbursements related to specific health services provided to eligible students. E-Rate - To account for financial assistance received for broadband internet and telecommunication costs. Other Federal Projects - to account for financial assistance received for other supplemental federal projects. State Vocational Education - to account for financial assistance received for the preparation of individuals for employment. Gifted - to account for financial assistance received for programs for gifted students. College Credit Exam Incentives – to account for financial assistance received for college credit exams. Other State Projects - to account for financial assistance received for other state projects. School Plant - to account for proceeds from the sale or lease of school property.
Page 90
Food Service - to account for the financial activity of school activities that have as their purpose the preparation and serving of regular and incidental meals and snacks in connection with school functions. Civic Center - to account for monies received from the rental of school facilities for civic activities. Community School - to account for activity related to academic and skill development for all citizens. Auxiliary Operations - to account for activity arising from bookstore, athletic and miscellaneous District related operations. Gifts and Donations - to account for activity related to gifts, donations, bequests and private grants made to the District. Career, Technical and Vocational Education Projects - to account for activity related to the production and subsequent sale of items produced in an instructional program by career and technical and vocational education pupils. Fingerprint - to account for activity of fingerprinting employees as mandated by the State. Textbooks - to account for monies received from students to replace or repair lost or damaged textbooks. Litigation Recovery - to account for monies received for and derived from litigation. Indirect Costs - to account for monies received from federal projects for administrative costs. Insurance Refund - to account for insurance premium payments that are refunded to the District. Grants and Gifts to Teachers - to account for grants and gifts under $1,500 received from private sources that are designated for use by a teacher for instructional purposes. Advertisement - to account for monies received from the sale of advertising. Career Technical Education - to account for monies received from Career Technical Education Districts for vocational education programs.
Page 91
ASSETSCash and investmentsAccounts receivableDue from governmental entitiesDue from other funds
Total assets
LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCESLiabilities:
Accounts payableDue to other fundsAccrued payroll and employee benefitsUnearned revenues
Total liabilities
Deferred inflows of resources:Unavailable revenues - intergovernmental
Fund balances (deficits):RestrictedUnassigned
Total fund balances
Total liabilities, deferred inflows of resourcesand fund balances
Classroom Site
$
1,487,2381,677,433
$ 3,164,671
$
3,164,671
3,164,671
$ 3,164,671
Instructional Improvement
$
324,218322,952
$ 647,170
$
647,170
647,170
$ 647,170
Title I Grants
$
983,423
$ 983,423
$ 73,836809,443100,144
983,423
983,423
(983,423)(983,423)
$ 983,423
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING BALANCE SHEET - NON-MAJOR SPECIAL REVENUE FUNDS
JUNE 30, 2019
Page 92
Professional Development and
Technology Grants
$ 16,223
$ 16,223
$ 16,223
16,223
$ 16,223
Title IV Grants
$
278,474
$ 278,474
$ 14,758221,44142,275
278,474
278,474
(278,474)(278,474)
$ 278,474
Limited English & Immigrant
Students
$
13,208
$ 13,208
$13,208
13,208
13,208
(13,208)(13,208)
$ 13,208
Special Education Grants
$ 1,200
195,969
$ 197,169
$ 70,623126,546
197,169
195,969
(195,969)(195,969)
$ 197,169
Vocational Education
$
714,421
$ 714,421
$ 443,496270,925
714,421
701,454
(701,454)(701,454)
$ 714,421
Homeless Education
$
2,463
$ 2,463
$2,463
2,463
2,463
(2,463)(2,463)
$ 2,463
(Continued)
Page 93
ASSETSCash and investmentsAccounts receivableDue from governmental entitiesDue from other funds
Total assets
LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCESLiabilities:
Accounts payableDue to other fundsAccrued payroll and employee benefitsUnearned revenues
Total liabilities
Deferred inflows of resources:Unavailable revenues - intergovernmental
Fund balances (deficits):RestrictedUnassigned
Total fund balances
Total liabilities, deferred inflows of resourcesand fund balances
E-Rate
$ 327,668
200,435
$ 528,103
$
528,103
528,103
$ 528,103
Other Federal Projects
$ 7,773
654,834
$ 662,607
$ 42,426541,077
583,503
79,104
79,104
$ 662,607
State Vocational Education
$ 16,072
$ 16,072
$ 15,582
49016,072
$ 16,072
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING BALANCE SHEET - NON-MAJOR SPECIAL REVENUE FUNDS
JUNE 30, 2019
Page 94
Gifted
$ 18
$ 18
$
1818
$ 18
College Credit Exam Incentives
$ 286,856
$ 286,856
$
286,856
286,856
$ 286,856
Food Service
$ 294,865
78,425164
$ 373,454
$ 18,671
18,671
354,783
354,783
$ 373,454
Civic Center
$ 9,882
415,377$ 425,259
$ 39,417
39,417
385,842
385,842
$ 425,259
Community School
$ 7,2965,686
96,506$ 109,488
$109,487
109,487
1
1
$ 109,488
Auxiliary Operations
$ 3,283,938
$ 3,283,938
$282,515
282,515
3,001,423
3,001,423
$ 3,283,938
(Continued)
Page 95
ASSETSCash and investmentsAccounts receivableDue from governmental entitiesDue from other funds
Total assets
LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCESLiabilities:
Accounts payableDue to other fundsAccrued payroll and employee benefitsUnearned revenues
Total liabilities
Deferred inflows of resources:Unavailable revenues - intergovernmental
Fund balances (deficits):RestrictedUnassigned
Total fund balances
Total liabilities, deferred inflows of resourcesand fund balances
Gifts and Donations
$ 400
323,699$ 324,099
$
324,099
324,099
$ 324,099
Career, Technical and Vocational
Education Projects
$3,854
$ 3,854
$3,854
3,854
$ 3,854
Fingerprint
$ 885
48,257$ 49,142
$
49,142
49,142
$ 49,142
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING BALANCE SHEET - NON-MAJOR SPECIAL REVENUE FUNDS
JUNE 30, 2019
Page 96
Textbooks
$
163,263$ 163,263
$
163,263
163,263
$ 163,263
Insurance Refund
$
63,821$ 63,821
$
63,821
63,821
$ 63,821
Career Technical Education
$ 33,295
138,655677,465
$ 849,415
$ 240,901
17,246
258,147
591,268
591,268
$ 849,415
Totals
$ 4,286,3719,540
5,071,7633,788,937
$ 13,156,611
$ 975,9332,380,959
159,665508
3,517,065
2,174,991
9,639,546(2,174,991)
7,464,555
$ 13,156,611
Page 97
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Total revenues
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Classroom Site
$ 64,7928,923,425
8,988,217
8,340,330712,808
9,053,138
(64,921)
(64,921)
3,229,592
$ 3,164,671
Instructional Improvement
$ 6,441728,717
735,158
364,347
87,018176,188
627,553
107,605
107,605
539,565
$ 647,170
Title I Grants
$
5,377,2435,377,243
2,483,5981,960,781
136,090
20,075
533,7725,134,316
242,927
(139,140)(139,140)
103,787
(1,087,210)
$ (983,423)
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
NON-MAJOR SPECIAL REVENUE FUNDSYEAR ENDED JUNE 30, 2019
Page 98
Professional Development and
Technology Grants
$
586,182586,182
572,085
572,085
14,097
(14,097)(14,097)
$
Title IV Grants
$
83,23583,235
202,33881,25910,588
54,1953,448
210352,038
(268,803)
(9,539)(9,539)
(278,342)
(132)
$ (278,474)
Limited English & Immigrant
Students
$
98,07598,075
41,41231,257
1,273
31,009104,951
(6,876)
(2,844)(2,844)
(9,720)
(3,488)
$ (13,208)
Special Education Grants
$
2,475,0842,475,084
1,595,512796,875
14,0981,425
120,1722,528,082
(52,998)
(68,510)(68,510)
(121,508)
(74,461)
$ (195,969)
Vocational Education
$
1,698,8591,698,859
457,231363,30420,061
910,9801,751,576
(52,717)
(41,874)(41,874)
(94,591)
(606,863)
$ (701,454)
Homeless Education
$
36,45736,457
6,4811,968
17,910
9,666
36,025
432
(976)(976)
(544)
(1,919)
$ (2,463)
(Continued)
Page 99
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Total revenues
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances, end of year
E-Rate
$
270,644270,644
160,551
20,448
42,774223,773
46,871
46,871
481,232
$ 528,103
Other Federal Projects
$
1,495,4881,495,488
1,295,042146,946
27,74633,178
4,2461,507,158
(11,670)
(462)(462)
(12,132)
91,236
$ 79,104
State Vocational Education
$542,948
542,948
447,76294,826
360
542,948
$
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
NON-MAJOR SPECIAL REVENUE FUNDSYEAR ENDED JUNE 30, 2019
Page 100
Gifted
$15,603
15,603
795887
13,92115,603
$
College Credit Exam Incentives
$231,184
231,184
107,39632,382
139,778
91,406
91,406
195,450
$ 286,856
Food Service
$ 1,202,302
4,964,0006,166,302
6,120,140312
6,120,452
45,850
45,850
308,933
$ 354,783
Civic Center
$ 519,017
519,017
197,04321,09822,167
220,6228,716
148,278617,924
(98,907)
(98,907)
484,749
$ 385,842
Community School
$ 323,543
323,543
198,602124,832
109
323,543
1
$ 1
Auxiliary Operations
$ 1,666,409
1,666,409
1,271,27143,99418,910
1,17466,24632,123
1,433,718
232,691
232,691
2,768,732
$ 3,001,423
(Continued)
Page 101
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Total revenues
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances, end of year
Gifts and Donations
$ 103,257
103,257
22,74949,3734,794
22,50299,418
3,839
3,839
320,260
$ 324,099
Fingerprint
$ 8,053
8,053
8,053
8,053
41,089
$ 49,142
Textbooks
$ 21,024
21,024
8,5932,454
11,047
9,977
9,977
153,286
$ 163,263
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
NON-MAJOR SPECIAL REVENUE FUNDSYEAR ENDED JUNE 30, 2019
Page 102
Insurance Refund
$ 34,789
34,789
34,789
34,789
29,032
$ 63,821
Career Technical Education
$ 2,164,422
2,164,422
602,3471,028,283
82,098360,07445,480
332,4982,450,780
(286,358)
(286,358)
877,626
$ 591,268
Totals
$ 6,114,04910,441,87717,085,26733,641,193
17,802,6056,065,320
436,702786,055172,593
6,189,8342,192,797
33,645,906
(4,713)
(277,442)(277,442)
(282,155)
7,746,710
$ 7,464,555
Page 103
Total revenues
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Classroom Site
Budget
$8,971,532
8,971,532
11,124,0171,029,000
12,153,017
(3,181,485)
(3,181,485)
3,140,406
$ (41,079)
Actual
$ 64,7928,923,425
8,988,217
8,340,330712,808
9,053,138
(64,921)
(64,921)
3,229,592
$ 3,164,671
Variance - Positive
(Negative)
$ 64,792(48,107)
16,685
2,783,687316,192
3,099,879
3,116,564
3,116,564
89,186
$ 3,205,750
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALNON-MAJOR SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2019
Page 104
Instructional Improvement
Budget
$600,000
600,000
1,000,000
1,000,000
(400,000)
(400,000)
400,000
$
Actual
$ 6,441728,717
735,158
364,347
87,018176,188
627,553
107,605
107,605
539,565
$ 647,170
Variance - Positive
(Negative)
$ 6,441128,717
135,158
635,653
(87,018)(176,188)
372,447
507,605
507,605
139,565
$ 647,170
Title I Grants
Budget
$
6,500,000
6,500,000
(6,500,000)
(6,500,000)
$ (6,500,000)
Actual
$
5,377,2435,377,243
2,483,5981,960,781
136,090
20,075
533,7725,134,316
242,927
(139,140)(139,140)
103,787
(1,087,210)
$ (983,423)
Variance - Positive
(Negative)
$
5,377,2435,377,243
4,016,402(1,960,781)
(136,090)
(20,075)
(533,772)1,365,684
6,742,927
(139,140)(139,140)
6,603,787
(1,087,210)
$ 5,516,577
(Continued)
Page 105
Total revenues
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Professional Development and Technology Grants
Budget
$
600,000
600,000
(600,000)
(600,000)
$ (600,000)
Actual
$
586,182586,182
572,085
572,085
14,097
(14,097)(14,097)
$
Variance - Positive
(Negative)
$
586,182586,182
27,915
27,915
614,097
(14,097)(14,097)
600,000
$ 600,000
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALNON-MAJOR SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2019
Page 106
Title IV Grants
Budget
$
500,000
500,000
(500,000)
(500,000)
$ (500,000)
Actual
$
83,23583,235
202,33881,25910,588
54,1953,448
210352,038
(268,803)
(9,539)(9,539)
(278,342)
(132)
$ (278,474)
Variance - Positive
(Negative)
$
83,23583,235
297,662(81,259)(10,588)
(54,195)(3,448)
(210)147,962
231,197
(9,539)(9,539)
221,658
(132)
$ 221,526
Limited English & Immigrant Students
Budget
$
200,000
200,000
(200,000)
(200,000)
$ (200,000)
Actual
$
98,07598,075
41,41231,2571,273
31,009104,951
(6,876)
(2,844)(2,844)
(9,720)
(3,488)
$ (13,208)
Variance - Positive
(Negative)
$
98,07598,075
158,588(31,257)(1,273)
(31,009)95,049
193,124
(2,844)(2,844)
190,280
(3,488)
$ 186,792
(Continued)
Page 107
Total revenues
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Special Education Grants
Budget
$
3,000,000
3,000,000
(3,000,000)
(3,000,000)
$ (3,000,000)
Actual
$
2,475,0842,475,084
1,595,512796,87514,0981,425
120,1722,528,082
(52,998)
(68,510)(68,510)
(121,508)
(74,461)
$ (195,969)
Variance - Positive
(Negative)
$
2,475,0842,475,084
1,404,488(796,875)(14,098)(1,425)
(120,172)471,918
2,947,002
(68,510)(68,510)
2,878,492
(74,461)
$ 2,804,031
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALNON-MAJOR SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2019
Page 108
Vocational Education
Budget
$
2,400,0002,400,000
(2,400,000)
(2,400,000)
$ (2,400,000)
Actual
$
1,698,8591,698,859
457,231363,30420,061
910,9801,751,576
(52,717)
(41,874)(41,874)
(94,591)
(606,863)
$ (701,454)
Variance - Positive
(Negative)
$
1,698,8591,698,859
(457,231)(363,304)
(20,061)
1,489,020648,424
2,347,283
(41,874)(41,874)
2,305,409
(606,863)
$ 1,698,546
Homeless Education
Budget
$
100,000
100,000
(100,000)
(100,000)
$ (100,000)
Actual
$
36,45736,457
6,4811,968
17,910
9,666
36,025
432
(976)(976)
(544)
(1,919)
$ (2,463)
Variance - Positive
(Negative)
$
36,45736,457
(6,481)(1,968)82,090
(9,666)
63,975
100,432
(976)(976)
99,456
(1,919)
$ 97,537
(Continued)
Page 109
Total revenues
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Medicaid Reimbursement
Budget
$
1,000,000
1,000,000
(1,000,000)
(1,000,000)
$ (1,000,000)
Non-GAAP Actual
$
817,426817,426
127,193224,127165,944108,20253,73158,6675,350
743,214
74,212
74,212
665,421
$ 739,633
Variance - Positive
(Negative)
$
817,426817,426
(127,193)775,873
(165,944)(108,202)(53,731)(58,667)(5,350)
256,786
1,074,212
1,074,212
665,421
$ 1,739,633
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALNON-MAJOR SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2019
Page 110
E-Rate
Budget
$
1,500,000
1,500,000
(1,500,000)
(1,500,000)
$ (1,500,000)
Actual
$
270,644270,644
160,551
20,448
42,774223,773
46,871
46,871
481,232
$ 528,103
Variance - Positive
(Negative)
$
270,644270,644
1,339,449
(20,448)
(42,774)1,276,227
1,546,871
1,546,871
481,232
$ 2,028,103
Other Federal Projects
Budget
$
1,800,000
1,800,000
(1,800,000)
(1,800,000)
$ (1,800,000)
Actual
$
1,495,4881,495,488
1,295,042146,946
27,74633,178
4,2461,507,158
(11,670)
(462)(462)
(12,132)
91,236
$ 79,104
Variance - Positive
(Negative)
$
1,495,4881,495,488
504,958(146,946)
(27,746)(33,178)
(4,246)292,842
1,788,330
(462)(462)
1,787,868
91,236
$ 1,879,104
(Continued)
Page 111
Total revenues
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
State Vocational Education
Budget
$
600,000
600,000
(600,000)
(600,000)
$ (600,000)
Actual
$542,948
542,948
447,76294,826
360
542,948
$
Variance - Positive
(Negative)
$542,948
542,948
152,238(94,826)
(360)
57,052
600,000
600,000
$ 600,000
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALNON-MAJOR SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2019
Page 112
Gifted
Budget
$
25,00025,000
(25,000)
(25,000)
$ (25,000)
Actual
$15,603
15,603
795887
13,92115,603
$
Variance - Positive
(Negative)
$15,603
15,603
(795)(887)
11,0799,397
25,000
25,000
$ 25,000
College Credit Exam Incentives
Budget
$
375,000
375,000
(375,000)
(375,000)
$ (375,000)
Actual
$231,184
231,184
107,39632,382
139,778
91,406
91,406
195,450
$ 286,856
Variance - Positive
(Negative)
$231,184
231,184
267,604(32,382)
235,222
466,406
466,406
195,450
$ 661,856
(Continued)
Page 113
Total revenues
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Other State Projects
Budget
$
1,000,000
1,000,000
(1,000,000)
(1,000,000)
$ (1,000,000)
Actual
$
$
Variance - Positive
(Negative)
$
1,000,000
1,000,000
1,000,000
1,000,000
$ 1,000,000
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALNON-MAJOR SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2019
Page 114
School Plant
Budget
$ 75,000
75,000
100,000
100,000
(25,000)
(25,000)
25,000
$
Non-GAAP Actual
$ 11,837
11,837
26,891
26,891
(15,054)
(15,054)
36,616
$ 21,562
Variance - Positive
(Negative)
$ (63,163)
(63,163)
73,109
73,109
9,946
9,946
11,616
$ 21,562
Food Service
Budget
$ 1,311,000
5,589,0006,900,000
7,000,000
7,000,000
(100,000)
(100,000)
100,000
$
Actual
$ 1,202,302
4,964,0006,166,302
6,120,140312
6,120,452
45,850
45,850
308,933
$ 354,783
Variance - Positive
(Negative)
$ (108,698)
(625,000)(733,698)
879,860(312)
879,548
145,850
145,850
208,933
$ 354,783
(Continued)
Page 115
Total revenues
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Civic Center
Budget
$ 250,000
250,000
750,000
750,000
(500,000)
(500,000)
500,000
$
Actual
$ 519,017
519,017
197,04321,09822,167
220,6228,716
148,278617,924
(98,907)
(98,907)
484,749
$ 385,842
Variance - Positive
(Negative)
$ 269,017
269,017
(197,043)(21,098)(22,167)529,378(8,716)
(148,278)132,076
401,093
401,093
(15,251)
$ 385,842
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALNON-MAJOR SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2019
Page 116
Community School
Budget
$ 500,000
500,000
500,000
500,000
$
Actual
$ 323,543
323,543
198,602124,832
109
323,543
1
$ 1
Variance - Positive
(Negative)
$ (176,457)
(176,457)
301,398(124,832)
(109)
176,457
1
$ 1
Auxiliary Operations
Budget
$ 750,000
750,000
3,000,000
3,000,000
(2,250,000)
(2,250,000)
2,250,000
$
Actual
$ 1,666,409
1,666,409
1,271,27143,99418,910
1,17466,24632,123
1,433,718
232,691
232,691
2,768,732
$ 3,001,423
Variance - Positive
(Negative)
$ 916,409
916,409
1,728,729(43,994)(18,910)
(1,174)(66,246)(32,123)
1,566,282
2,482,691
2,482,691
518,732
$ 3,001,423
(Continued)
Page 117
Total revenues
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Gifts and Donations
Budget
$ 275,000
275,000
500,000
500,000
(225,000)
(225,000)
225,000
$
Actual
$ 103,257
103,257
22,74949,3734,794
22,50299,418
3,839
3,839
320,260
$ 324,099
Variance - Positive
(Negative)
$ (171,743)
(171,743)
477,251(49,373)(4,794)
(22,502)400,582
228,839
228,839
95,260
$ 324,099
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALNON-MAJOR SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2019
Page 118
Career, Technical and Vocational Education Projects
Budget
$ 50,000
50,000
50,000
50,000
$
Actual
$
$
Variance - Positive
(Negative)
$ (50,000)
(50,000)
50,000
50,000
$
Fingerprint
Budget
$
50,000
50,000
(50,000)
(50,000)
10,000
$ (40,000)
Actual
$ 8,053
8,053
8,053
8,053
41,089
$ 49,142
Variance - Positive
(Negative)
$ 8,053
8,053
50,000
50,000
58,053
58,053
31,089
$ 89,142
(Continued)
Page 119
Total revenues
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Textbooks
Budget
$
100,000
100,000
(100,000)
(100,000)
$ (100,000)
Actual
$ 21,024
21,024
8,5932,454
11,047
9,977
9,977
153,286
$ 163,263
Variance - Positive
(Negative)
$ 21,024
21,024
91,407(2,454)
88,953
109,977
109,977
153,286
$ 263,263
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALNON-MAJOR SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2019
Page 120
Litigation Recovery
Budget
$ 150,000
150,000
250,000
250,000
(100,000)
(100,000)
100,000
$
Non-GAAP Actual
$ 1,338
1,338
1,338
1,338
88,167
$ 89,505
Variance - Positive
(Negative)
$ (148,662)
(148,662)
250,000
250,000
101,338
101,338
(11,833)
$ 89,505
Indirect Costs
Budget
$
1,000,000
1,000,000
(1,000,000)
250,000
250,000
(750,000)
750,000
$
Non-GAAP Actual
$ 6,345
6,345
365113,885
16,354
370,346
500,950
(494,605)
277,442
277,442
(217,163)
669,219
$ 452,056
Variance - Positive
(Negative)
$ 6,345
6,345
(365)(113,885)(16,354)
629,654
499,050
505,395
27,442
27,442
532,837
(80,781)
$ 452,056
(Continued)
Page 121
Total revenues
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Insurance Refund
Budget
$ 200,000
200,000
200,000
200,000
$
Actual
$ 34,789
34,789
34,789
34,789
29,032
$ 63,821
Variance - Positive
(Negative)
$ (165,211)
(165,211)
200,000
200,000
34,789
34,789
29,032
$ 63,821
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALNON-MAJOR SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2019
Page 122
Grants and Gifts to Teachers
Budget
$ 25,000
25,000
25,000
25,000
$
Actual
$
$
Variance - Positive
(Negative)
$ (25,000)
(25,000)
25,000
25,000
$
Advertisement
Budget
$ 25,000
25,000
25,000
25,000
$
Actual
$
$
Variance - Positive
(Negative)
$ (25,000)
(25,000)
25,000
25,000
$
(Continued)
Page 123
Total revenues
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionSupport services - students and staffSupport services - administrationOperation and maintenance of plant servicesStudent transportation servicesOperation of non-instructional services
Capital outlayTotal expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer out
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Career Technical Education
Budget
$ 2,750,000
2,750,000
3,000,000
3,000,000
(250,000)
(250,000)
250,000
$
Actual
$ 2,164,422
2,164,422
602,3471,028,283
82,098360,07445,480
332,4982,450,780
(286,358)
(286,358)
877,626
$ 591,268
Variance - Positive
(Negative)
$ (585,578)
(585,578)
(602,347)1,971,717
(82,098)(360,074)(45,480)
(332,498)549,220
(36,358)
(36,358)
627,626
$ 591,268
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALNON-MAJOR SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2019
Page 124
Totals
Budget
$ 6,361,0009,571,5325,589,000
21,521,532
32,299,0175,729,000
100,000750,000
1,000,0007,000,0002,425,000
49,303,017
(27,781,485)
250,000
250,000
(27,531,485)
7,750,406
$ (19,781,079)
Non-GAAP Actual
$ 6,133,56910,441,87717,902,69334,478,139
17,930,1636,430,223
619,000894,257596,670
6,248,5012,198,147
34,916,961
(438,822)
277,442(277,442)
(438,822)
9,206,133
$ 8,767,311
Variance - Positive
(Negative)
$ (227,431)870,345
12,313,69312,956,607
14,368,854(701,223)(519,000)(144,257)
403,330751,499226,853
14,386,056
27,342,663
27,442(277,442)(250,000)
27,092,663
1,455,727
$ 28,548,390
Page 125
(This page intentionally left blank)
Page 126
DEBT SERVICE FUND
Debt Service - to account for the accumulation of resources for, and the payment of, long-term debt principal, interest and related costs.
Page 127
Total revenues
Revenues:Other localProperty taxes
Expenditures:Debt service -
Principal retirementInterest and fiscal charges
Total expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer in
Total other financing sources (uses)
Changes in fund balances
Fund balances, beginning of year
Fund balances (deficits), end of year
Debt Service
Budget
$17,917,73717,917,737
14,290,0008,210,000
22,500,000
(4,582,263)
(4,582,263)
$ (4,582,263)
Actual
$ 206,59517,433,66817,640,263
14,290,0003,863,338
18,153,338
(513,075)
183,118183,118
(329,957)
1,458,146
$ 1,128,189
Variance - Positive
(Negative)
$ 206,595(484,069)(277,474)
4,346,6624,346,662
4,069,188
183,118183,118
4,252,306
1,458,146
$ 5,710,452
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205 SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALALL DEBT SERVICE FUND
YEAR ENDED JUNE 30, 2019
Page 128
CAPITAL PROJECTS FUNDS Insurance Proceeds - to account for the monies received from insurance claims. Unrestricted Capital Outlay - to account for transactions relating to the acquisition of capital items. Bond Building - to account for proceeds from District bond issues that are expended on the acquisition or lease of sites; construction or renovation of school buildings; supplying school buildings with furniture, equipment, and technology; improving school grounds; or purchasing pupil transportation vehicles. Gifts and Donations - Capital - to account for gifts and donations to be expended for capital acquisitions. Energy and Water Savings - to account for capital investment monies, energy related rebate, or grant monies, and monies from other funding sources to fund energy or water savings projects in school facilities in accordance with A.R.S. §15-910.02 Building Renewal Grant - to account for building renewal grant monies requested from the School Facilities Board that are used for infrastructure or for major upgrades, repairs, or renovations to areas, systems, or buildings that will maintain or extend their useful life.
Page 129
ASSETSCash and investmentsDue from other funds
Total assets
LIABILITIES AND FUND BALANCESLiabilities:
Due to other fundsTotal liabilities
Fund balances:Restricted
Total fund balances
Total liabilities and fund balances
Insurance Proceeds
$ 38,634
$ 38,634
$ 11,42911,429
27,20527,205
$ 38,634
Energy and Water Savings
$ 1,631,850231,471
$ 1,863,321
$
1,863,3211,863,321
$ 1,863,321
Totals
$ 1,670,484231,471
$ 1,901,955
$ 11,42911,429
1,890,5261,890,526
$ 1,901,955
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING BALANCE SHEET - NON-MAJOR CAPITAL PROJECTS FUNDS
JUNE 30, 2019
Page 130
(This page intentionally left blank)
Page 131
Revenues:Other localState aid and grantsFederal aid, grants and reimbursements
Total revenues
Expenditures:Current -
InstructionOperation and maintenance of plant servicesStudent transportation services
Capital outlayDebt service -
Principal retirementInterest and fiscal charges
Total expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inCapital lease agreementsInsurance recoveries
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances, end of year
Insurance Proceeds
$ 9
9
5,16016,35917,67315,010
54,202
(54,193)
75,27175,271
21,078
6,127
$ 27,205
Energy and Water Savings
$ 243,415
210,926454,341
5,192,021
1,297,251370,052
6,859,324
(6,404,983)
1,395,6056,601,000
7,996,605
1,591,622
271,699
$ 1,863,321
Building Renewal Grant
$1,799,176
1,799,176
773,214
773,214
1,025,962
1,025,962
(1,025,962)
$
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
NON-MAJOR CAPITAL PROJECTS FUNDSYEAR ENDED JUNE 30, 2019
Page 132
Totals
$ 243,4241,799,176
210,9262,253,526
5,16016,35917,673
5,980,245
1,297,251370,052
7,686,740
(5,433,214)
1,395,6056,601,000
75,2718,071,876
2,638,662
(748,136)
$ 1,890,526
Page 133
Total revenues
Revenues:Other localProperty taxesState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionOperation and maintenance of plant servicesStudent transportation services
Capital outlayDebt service -
Principal retirementInterest and fiscal chargesBond issuance costs
Total expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer outIssuance of school improvement bondsPremium on sale of bondsInsurance recoveries
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Insurance Proceeds
Budget
$ 500,000
500,000
500,000
500,000
$
Actual
$ 9
9
5,16016,35917,67315,010
54,202
(54,193)
75,27175,271
21,078
6,127
$ 27,205
Variance - Positive
(Negative)
$ (499,991)
(499,991)
(5,160)(16,359)482,327(15,010)
445,798
(54,193)
75,27175,271
21,078
6,127
$ 27,205
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALALL CAPITAL PROJECTS FUNDS
YEAR ENDED JUNE 30, 2019
Page 134
Unrestricted Capital Outlay
Budget
$2,396,621
2,396,621
2,976,577
96,9525,919
3,079,448
(682,827)
(682,827)
103,379
$ (579,448)
Non-GAAP Actual
$ 294,754
2,529,448
2,824,202
1,435,027
96,9525,919
1,537,898
1,286,304
1,286,304
189,139
$ 1,475,443
Variance - Positive
(Negative)
$ 294,754(2,396,621)
2,529,448
427,581
1,541,550
1,541,550
1,969,131
1,969,131
85,760
$ 2,054,891
Bond Building
Budget
$
15,000,000
15,000,000
(15,000,000)
(15,000,000)
15,000,000
$
Actual
$ 183,117
183,117
7,700,466
178,7277,879,193
(7,696,076)
(183,118)18,565,0001,579,727
19,961,609
12,265,533
10,890,085
$ 23,155,618
Variance - Positive
(Negative)
$ 183,117
183,117
7,299,534
(178,727)7,120,807
7,303,924
(183,118)18,565,000
1,579,727
19,961,609
27,265,533
(4,109,915)
$ 23,155,618
(Continued)
Page 135
Total revenues
Revenues:Other localProperty taxesState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionOperation and maintenance of plant servicesStudent transportation services
Capital outlayDebt service -
Principal retirementInterest and fiscal chargesBond issuance costs
Total expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer outIssuance of school improvement bondsPremium on sale of bondsInsurance recoveries
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Gifts and Donations - Capital
Budget
$ 50,000
50,000
50,000
50,000
$
Actual
$
$
Variance - Positive
(Negative)
$ (50,000)
(50,000)
50,000
50,000
$
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALALL CAPITAL PROJECTS FUNDS
YEAR ENDED JUNE 30, 2019
Page 136
Energy and Water Savings
Budget
$ 363,838
363,838
82,697
1,297,251370,052
1,750,000
(1,386,162)
1,386,162
1,386,162
$
Non-GAAP Actual
$ 231,471
210,926442,397
1
1,297,251370,052
1,667,304
(1,224,907)
1,395,605
1,395,605
170,698
271,699
$ 442,397
Variance - Positive
(Negative)
$ (132,367)
210,92678,559
82,696
82,696
161,255
9,443
9,443
170,698
271,699
$ 442,397
Building Renewal Grant
Budget
$ 250,000
250,000
2,000,000
2,000,000
(1,750,000)
(1,750,000)
$ (1,750,000)
Actual
$
1,799,176
1,799,176
773,214
773,214
1,025,962
1,025,962
(1,025,962)
$
Variance - Positive
(Negative)
$ (250,000)
1,799,176
1,549,176
1,226,786
1,226,786
2,775,962
2,775,962
(1,025,962)
$ 1,750,000
(Continued)
Page 137
Total revenues
Revenues:Other localProperty taxesState aid and grantsFederal aid, grants and reimbursements
Expenditures:Current -
InstructionOperation and maintenance of plant servicesStudent transportation services
Capital outlayDebt service -
Principal retirementInterest and fiscal chargesBond issuance costs
Total expenditures
Excess (deficiency) of revenues over expenditures
Other financing sources (uses):Transfer inTransfer outIssuance of school improvement bondsPremium on sale of bondsInsurance recoveries
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
Totals
Budget
$ 1,163,8382,396,621
3,560,459
500,00020,109,274
1,394,203375,971
22,379,448
(18,818,989)
1,386,162
1,386,162
(17,432,827)
15,103,379
$ (2,329,448)
Non-GAAP Actual
$ 709,351
4,328,624210,926
5,248,901
5,16016,35917,673
9,923,718
1,394,203375,971178,727
11,911,811
(6,662,910)
1,395,605(183,118)
18,565,0001,579,727
75,27121,432,485
14,769,575
10,331,088
$ 25,100,663
Variance - Positive
(Negative)
$ (454,487)(2,396,621)
4,328,624210,926
1,688,442
(5,160)(16,359)482,327
10,185,556
(178,727)10,467,637
12,156,079
9,443(183,118)
18,565,0001,579,727
75,27120,046,323
32,202,402
(4,772,291)
$ 27,430,111
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUALALL CAPITAL PROJECTS FUNDS
YEAR ENDED JUNE 30, 2019
Page 138
AGENCY FUND Student Activities - to account for monies raised by students to finance student clubs and organizations but held by the District as an agent.
Page 139
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205STATEMENT OF CHANGES IN ASSETS AND LIABILITIES - AGENCY FUND
YEAR ENDED JUNE 30, 2019
Beginning EndingBalance Additions Deductions Balance
STUDENT ACTIVITIES FUND
AssetsCash and investments $ 1,627,043 $ 4,069,808 $ 3,914,282 $ 1,782,569
Total assets $ 1,627,043 $ 4,069,808 $ 3,914,282 $ 1,782,569
Liabilities
Due to student groupsApollo High School $ 198,870 $ 542,097 $ 554,626 $ 186,341Cortez High School 112,961 205,903 219,947 98,917Glendale High School 155,533 373,326 343,958 184,901Greenway High School 156,238 592,880 538,940 210,178Independence High School 128,481 307,251 295,358 140,374Moon Valley High School 222,925 475,923 466,439 232,409Sunnyslope High School 263,618 695,574 625,266 333,926Thunderbird High School 231,760 497,626 482,647 246,739Washington High School 156,657 379,228 387,101 148,784
Total liabilities $ 1,627,043 $ 4,069,808 $ 3,914,282 $ 1,782,569
Page 140
STATISTICAL SECTION
The statistical section presents financial statement trends as well as detailed financial and operational information not available elsewhere in the report. The statistical section is intended to enhance the reader’s understanding of the information presented in the financial statements, notes to the financial statements, and other supplementary information presented in this report. The statistical section is comprised of the five categories of statistical information presented below.
Financial Trends
These schedules contain information on financial trends to help the reader understand how the District’s financial position and financial activities have changed over time.
Revenue Capacity
These schedules contain information to help the reader assess the factors affecting the District’s ability to generate revenue.
Debt Capacity
These schedules present information to help the reader evaluate the District’s current levels of outstanding debt as well as assess the District’s ability to make debt payments and/or issue additional debt in the future.
Demographic and Economic Information These schedules present various demographic and economic indicators to help the reader understand the environment in which the District’s financial activities take place and to help make comparisons with other school districts.
Operating Information
These schedules contain information about the District’s operations and various resources to help the reader draw conclusions as to how the District’s financial information relates to the services provided by the District.
Note: For locally assessed property (i.e., excluding mines, utilities, etc.) Proposition 117, approved by voters in 2012, amended the Arizona Constitution to require that all property taxes after fiscal year 2014-15 be based upon property values limited to five percent in annual growth. The aggregate assessed value of all taxable properties within a taxing jurisdiction (i.e., after applying assessment ratios based on the use of a property), including property values with a growth limit, is currently referred to as net limited assessed value and formerly as primary assessed value. In accordance with Proposition 117, this value is used for all taxing purposes beginning fiscal year 2015-16. Aggregate assessed value without a growth limit is currently referred to as net full cash assessed value and formerly as secondary assessed value. This remains the value utilized for determining debt capacity limits.
Page 141
2019 2018 2017 2016 2015Net Position:
Net investment in capital assets 87,392,774$ 80,922,369$ 75,093,043$ 73,647,569$ 68,571,880$ Restricted 14,374,218 11,696,875 10,368,469 9,978,544 10,735,131 Unrestricted (101,714,966) (102,094,934) (102,391,778) (106,328,746) (107,574,564)
Total net position 52,026$ (9,475,690)$ (16,930,266)$ (22,702,633)$ (28,267,553)$
2014 2013 2012 2011 2010Net Position:
Net investment in capital assets 65,519,857$ 71,522,904$ 72,717,622$ 82,831,958$ 81,208,024$ Restricted 12,156,390 14,157,650 14,231,302 13,006,076 5,410,076 Unrestricted 14,586,455 11,748,023 13,471,826 15,425,903 26,315,868
Total net position 92,262,702$ 97,428,577$ 100,420,750$ 111,263,937$ 112,933,968$
The source of this information is the District's financial records.Source:
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205NET POSITION BY COMPONENT
LAST TEN FISCAL YEARS
Fiscal Year Ended June 30
(Accrual basis of accounting)
Page 142
2019 2018 2017 2016 2015
Instruction 89,926,076$ 86,635,681$ 86,342,456$ 78,117,947$ 80,760,277$ Support services - students and staff 21,687,264 19,839,050 21,153,845 19,580,900 18,621,487 Support services - administration 11,965,267 12,465,133 10,778,515 9,887,794 11,175,762 Operation and maintenance of plant services 17,064,310 16,740,030 16,895,370 16,533,064 16,464,033 Student transportation services 6,437,475 6,149,995 5,304,912 4,518,602 5,468,997 Operation of non-instructional services 7,916,461 7,500,594 6,963,791 6,684,502 6,777,999 Interest on long-term debt 3,891,529 3,267,499 3,873,650 3,632,883 3,960,593
Total expenses 158,888,382 152,597,982 151,312,539 138,955,692 143,229,148
Program RevenuesCharges for services:
Instruction 3,210,761 3,101,749 2,041,154 3,284,776 6,004,775 Operation of non-instructional services 1,201,859 1,036,537 2,503,832 1,008,091 1,125,315 Other activities 2,040,043 2,050,999 1,434,176 1,249,866 1,413,698
Operating grants and contributions 18,259,857 15,210,359 15,819,420 15,790,506 15,957,107 Capital grants and contributions 1,100,029 3,422,162 4,075,937 1,344,377 2,417,024
Total program revenues 25,812,549 24,821,806 25,874,519 22,677,616 26,917,919
Net (Expense)/Revenue (133,075,833)$ (127,776,176)$ (125,438,020)$ (116,278,076)$ (116,311,229)$
The source of this information is the District's financial records.The provisions of the Governmental Accounting Standards Board (GASB) Statement No. 34 were adopted in fiscal year 2001 therefore
only six years are shown.
(Continued)
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205EXPENSES, PROGRAM REVENUES, AND NET (EXPENSE)/REVENUE
Source: Note:
LAST TEN FISCAL YEARS(Accrual basis of accounting)
Fiscal Year Ended June 30
Expenses
Page 143
2014 2013 2012 2011 2010Expenses
Instruction 85,631,212$ 78,842,960$ 83,521,195$ 76,512,201$ 79,696,099$ Support services - students and staff 16,471,428 16,684,162 16,511,684 16,457,842 15,171,959 Support services - administration 10,294,806 11,078,706 11,150,842 10,388,425 10,447,009 Operation and maintenance of plant services 16,130,826 17,036,763 17,163,902 17,427,231 16,824,102 Student transportation services 4,762,011 5,022,715 5,083,748 4,400,204 4,120,576 Operation of non-instructional services 6,555,844 6,211,470 6,128,182 5,868,445 5,949,267 Interest on long-term debt 4,212,301 3,425,549 3,304,805 3,712,985 4,161,608
Total expenses 144,058,428 138,302,325 142,864,358 134,767,333 136,370,620
Program RevenuesCharges for services:
Instruction 3,309,228 3,016,730 3,435,111 4,667,193 3,826,784 Operation of non-instructional services 1,164,804 1,181,326 1,347,068 1,416,067 3,236,349 Other activities 1,309,266 1,806,638 1,614,832 435,170 433,974
Operating grants and contributions 14,828,503 15,549,564 16,393,238 18,483,695 13,971,040 Capital grants and contributions 2,193,458 1,187,994 1,514,210 2,529,106 3,252,134
Total program revenues 22,805,259 22,742,252 24,304,459 27,531,231 24,720,281
Net (Expense)/Revenue (121,253,169)$ (115,560,073)$ (118,559,899)$ (107,236,102)$ (111,650,339)$
(Concluded)
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205EXPENSES, PROGRAM REVENUES, AND NET (EXPENSE)/REVENUE
(Accrual basis of accounting)LAST TEN FISCAL YEARS
Fiscal Year Ended June 30
Source: The source of this information is the District's financial records.
Page 144
2019 2018 2017 2016 2015
Net (Expense)/Revenue (133,075,833)$ (127,776,176)$ (125,438,020)$ (116,278,076)$ (116,311,229)$
General Revenues: Taxes:
Property taxes, levied for general purposes 41,571,006 41,402,510 39,760,645 34,514,938 37,276,839 Property taxes, levied for debt service 17,423,201 21,598,389 19,998,713 19,025,570 18,166,723 Property taxes, levied for capital outlay 546,232 177,035 533,170
Investment income 799,873 585,013 418,663 446,623 231,113 Unrestricted county aid 6,371,210 6,041,479 5,642,659 5,285,254 5,052,003 Unrestricted state aid 75,620,833 67,223,710 64,405,209 61,453,333 57,506,823 Unrestricted federal aid 817,426 841,828 807,463 584,108 874,648
Total general revenues 142,603,549 138,239,161 131,210,387 121,842,996 119,108,149
Changes in Net Position 9,527,716$ 10,462,985$ 5,772,367$ 5,564,920$ 2,796,920$
Source: The source of this information is the District's financial records.
Note: The provisions of the Governmental Accounting Standards Board (GASB) Statement No. 34 were adopted in fiscal year 2001 therefore only six years are shown.
(Continued)
Fiscal Year Ended June 30
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205GENERAL REVENUES AND TOTAL CHANGES IN NET POSITION
LAST TEN FISCAL YEARS(Accrual basis of accounting)
Page 145
2014 2013 2012 2011 2010
Net (Expense)/Revenue (121,253,169)$ (115,560,073)$ (118,559,899)$ (107,236,102)$ (111,650,339)$
General Revenues: Taxes:
Property taxes, levied for general purposes 37,765,761 38,423,129 37,864,238 35,513,430 45,041,668 Property taxes, levied for debt service 17,103,221 16,401,494 14,200,832 14,830,489 14,045,415 Property taxes, levied for capital outlay 1,352,839 523,661 374,110
Investment income 256,701 164,202 229,392 194,500 343,373 Unrestricted county aid 4,983,135 4,779,193 4,883,397 4,525,886 3,950,808 Unrestricted state aid 56,425,097 52,530,318 49,001,621 49,087,899 49,294,432 Unrestricted federal aid 279,751 269,564 184,393 890,206 4,407,651
Total general revenues 116,813,666 112,567,900 107,716,712 105,566,071 117,457,457
Changes in Net Position (4,439,503)$ (2,992,173)$ (10,843,187)$ (1,670,031)$ 5,807,118$
(Concluded)
GENERAL REVENUES AND TOTAL CHANGES IN NET POSITIONLAST TEN FISCAL YEARS
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205
(Accrual basis of accounting)
The source of this information is the District's financial records.
Fiscal Year Ended June 30
Source:
Page 146
2019 2018 2017 2016 2015General Fund:
Nonspendable 914,026$ 831,240$ 640,340$ 563,183$ $ Restricted 1,475,443 189,139 273,723 1,373,495 973,949 Unassigned 6,173,069 6,348,466 5,186,109 5,327,779 5,131,075
Total General Fund 8,562,538$ 7,368,845$ 6,100,172$ 7,264,457$ 6,105,024$
All Other Governmental Funds:Nonspendable $ $ 76,922$ 118,597$ $ Restricted 35,734,775 22,146,840 17,876,717 11,538,022 15,341,486 Unassigned (2,174,991) (2,800,035) (366,381) (12,520) (746,788)
Total all other governmental funds 33,559,784$ 19,346,805$ 17,587,258$ 11,644,099$ 14,594,698$
(Continued)
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205FUND BALANCES - GOVERNMENTAL FUNDS
Fiscal Year Ended June 30
LAST TEN FISCAL YEARS(Modified accrual basis of accounting)
Page 147
2014 2013 2012 2011 2010General Fund:
Nonspendable $ 43,198$ 143,422$ 144,418$ $ Restricted 2,231,096 2,481,616 2,661,692 1,859,084 Unassigned 5,039,954 5,075,285 6,473,998 8,330,554 Reserved 1,294,676 Unreserved 5,452,000
Total General Fund 7,271,050$ 7,600,099$ 9,279,112$ 10,334,056$ 6,746,676$
All Other Governmental Funds:Restricted 31,350,457 17,358,271 23,400,794 12,875,813 Reserved Unreserved, reported in:
Special revenue funds 9,150,572 Capital projects funds 8,097,601 Debt service fund 643,123
Total all other governmental funds 31,350,457$ 17,358,271$ 23,400,794$ 12,875,813$ 17,891,296$
Source:Note:
(Concluded)
The provisions of the Governmental Accounting Standards Board (GASB) Statement No. 54 were adopted in fiscal year 2011. The standard replaces the previous reserved and unreserved fund balance categories with the following five fund balance classifications: nonspendable, restricted, committed, assigned, and unassigned fund balance.
The source of this information is the District's financial records.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205FUND BALANCES - GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS(Modified accrual basis of accounting)
Page 148
2019 2018 2017 2016 2015Federal sources:
Federal grants 13,070,515$ 11,951,757$ 14,228,115$ 12,617,103$ 13,740,107$ National School Lunch Program 4,964,000 4,556,622 4,685,304 4,629,972 3,917,114 Total federal sources 18,034,515 16,508,379 18,913,419 17,247,075 17,657,221
State sources:State equalization assistance 65,968,691 58,587,565 56,605,985 54,134,282 50,780,535 State grants 790,243 713,504 1,048,199 1,238,089 1,151,164 School Facilities Board 1,799,176 90,900 13,908 23,744 Other revenues 9,652,142 8,899,869 7,521,592 7,295,307 6,629,290 Total state sources 78,210,252 68,291,838 65,189,684 62,691,422 58,560,989
Local sources:Property taxes 59,604,299 62,961,572 60,616,156 55,632,898 55,394,716 County aid 6,371,210 6,041,479 5,642,659 5,285,254 5,052,003 Food service sales 1,201,859 1,036,537 995,581 1,008,091 1,125,315 Investment income 679,076 560,037 377,223 261,660 190,687 Other revenues 5,092,242 5,216,797 5,186,295 5,236,240 6,832,454 Total local sources 72,948,686 75,816,422 72,817,914 67,424,143 68,595,175 Total revenues 169,193,453$ 160,616,639$ 156,921,017$ 147,362,640$ 144,813,385$
(Continued)
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205GOVERNMENTAL FUNDS REVENUES
LAST TEN FISCAL YEARS
Fiscal Year Ended June 30
(Modified accrual basis of accounting)
Page 149
2014 2013 2012 2011 2010Federal sources:
Federal grants 12,573,933$ 12,529,067$ 12,333,073$ 14,947,393$ 17,014,604$ State Fiscal Stabilization (ARRA) 672,657 Education Jobs 1,294,845 1,651,769 National School Lunch Program 4,063,662 3,790,118 3,906,184 3,727,349 3,493,989 Total federal sources 16,637,595 16,319,185 17,534,102 20,999,168 20,508,593
State sources:State equalization assistance 49,613,883 46,946,869 44,208,984 44,800,422 44,644,392 State grants 519,020 681,854 602,092 679,042 810,382 School Facilities Board Other revenues 6,811,216 5,516,877 4,792,637 4,574,640 4,863,402 Total state sources 56,944,119 53,145,600 49,603,713 50,054,104 50,318,176
Local sources:Property taxes 54,913,206 54,453,151 53,537,575 51,838,935 56,837,104 County aid 4,983,135 4,779,193 4,883,397 4,525,886 3,950,808 Food service sales 1,164,804 1,181,326 1,347,068 1,416,067 1,568,075 Investment income 263,696 123,780 199,394 154,108 303,310 Other revenues 4,648,999 4,949,123 5,117,826 5,152,219 5,929,032 Total local sources 65,973,840 65,486,573 65,085,260 63,087,215 68,588,329 Total revenues 139,555,554$ 134,951,358$ 132,223,075$ 134,140,487$ 139,415,098$
(Concluded)
Source: The source of this information is the District's financial records.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205GOVERNMENTAL FUNDS REVENUES
LAST TEN FISCAL YEARS(Modified accrual basis of accounting)
Page 150
2019 2018 2017 2016 2015
Expenditures:Current -
Instruction 81,552,767$ 75,268,561$ 73,296,553$ 68,525,678$ 67,162,259$ Support services - students and staff 21,497,981 19,325,622 19,454,878 18,389,282 17,059,899 Support services - administration 10,910,148 10,175,021 10,026,135 9,448,422 10,146,560 Operation and maintenance of plant services 16,792,945 15,999,450 16,022,574 16,066,483 15,747,597 Student transportation services 5,488,402 4,517,424 4,380,876 4,225,590 4,612,160 Operation of non-instructional services 7,031,690 6,525,462 6,258,495 6,138,394 6,079,435
Capital outlay 17,313,885 22,576,837 30,464,687 14,817,430 21,434,343 Debt service -
Principal retirement 15,684,203 19,699,250 19,250,733 17,058,825 16,634,790 Interest, premium and fiscal charges 4,239,309 3,632,692 4,099,100 3,784,095 4,089,756 Bond issuance costs 178,727 216,940 408,305 169,176
Total expenditures 180,690,057$ 177,937,259$ 183,662,336$ 158,623,375$ 162,966,799$
Expenditures for capitalized assets 12,856,414$ 15,099,626$ 21,833,545$ 11,140,849$ 13,376,586$
Debt service as a percentage ofnoncapital expenditures 12% 14% 15% 14% 14%
Source: The source of this information is the District's financial records.Notes:
(Continued)
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205GOVERNMENTAL FUNDS EXPENDITURES AND DEBT SERVICE RATIO
Fiscal Year Ended June 30
LAST TEN FISCAL YEARS(Modified accrual basis of accounting)
Page 151
2014 2013 2012 2011 2010
Expenditures:Current -
Instruction 66,779,255$ 65,814,866$ 64,124,472$ 64,906,264$ 64,939,128$ Support services - students and staff 15,475,648 15,297,385 14,665,021 15,288,444 14,096,986 Support services - administration 9,703,132 9,899,853 9,825,148 9,517,615 9,311,974 Operation and maintenance of plant services 15,829,716 16,212,502 16,367,662 15,655,937 16,065,689 Student transportation services 4,364,117 4,363,831 3,880,454 3,724,180 3,516,154 Operation of non-instructional services 5,982,059 5,570,195 5,433,331 5,273,236 5,220,842
Capital outlay 32,220,582 13,188,198 28,478,258 6,639,595 11,081,662 Debt service -
Principal retirement 15,854,070 14,110,460 11,112,891 11,052,541 10,656,562 Interest, premium and fiscal charges 4,341,464 3,428,581 3,260,305 3,712,985 4,161,608 Bond issuance costs 384,735 235,300 607,693
Total expenditures 170,934,778$ 148,121,171$ 157,755,235$ 135,770,797$ 139,050,605$
Expenditures for capitalized assets 29,543,313$ 10,696,631$ 19,293,013$ 868,756$ 6,450,721$
Debt service as a percentage ofnoncapital expenditures 15% 13% 11% 11% 11%
Source:
(Concluded)
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205GOVERNMENTAL FUNDS EXPENDITURES AND DEBT SERVICE RATIO
The source of this information is the District's financial records.
Fiscal Year Ended June 30
LAST TEN FISCAL YEARS(Modified accrual basis of accounting)
Page 152
2019 2018 2017 2016 2015
Excess (deficiency) of revenues over expenditures (11,417,500)$ (17,320,620)$ (26,741,319)$ (11,260,735)$ (18,153,414)$
Other financing sources (uses):General obligation bonds issued 18,565,000 18,115,000 30,000,000 8,435,000 Premium on sale of bonds 1,579,727 2,067,440 1,484,711 352,789 Capital lease agreements 6,601,000 231,629 Transfers in 1,856,165 1,636,324 2,667,021 1,867,559 1,773,535 Transfers out (1,856,165) (1,636,324) (2,667,021) (1,867,559) (1,773,535) Insurance recoveries 75,271 17,989
Total other financing sources (uses) 26,820,998 20,200,429 31,484,711 8,787,789 231,629
Changes in fund balances 15,403,498$ 2,879,809$ 4,743,392$ (2,472,946)$ (17,921,785)$
2014 2013 2012 2011 2010
Excess (deficiency) of revenues over expenditures (31,379,224)$ (13,169,813)$ (25,532,160)$ (1,630,310)$ 364,493$
Other financing sources (uses):General obligation bonds issued 44,000,000 5,125,000 22,440,000 Premium on sale of bonds 595,619 4,014,785 563,193 Capital lease agreements 489,940 141,893 12,000,000 213,753 165,644 Transfers in 2,067,327 1,253,086 629,601 1,141,385 381,315 Transfers out (2,067,327) (1,253,086) (629,601) (1,141,385) (381,315) Issuance of refunding bonds Payment to refunded bond escrow agent (54,228,177)
Total other financing sources (uses) 45,085,559 (44,946,499) 35,003,193 213,753 165,644
Changes in fund balances 13,706,335$ (58,116,312)$ 9,471,033$ (1,416,557)$ 530,137$
Source: The source of this information is the District's financial records.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205OTHER FINANCING SOURCES AND USES AND NET CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
Fiscal Year Ended June 30
(Modified accrual basis of accounting)
Page 153
Class 2019 2018 2017 2016 2015
Commercial, Industrial, Utilities and Mining $ 607,336,514 $ 585,502,913 $ 555,894,769 $ 541,331,130 $ 549,271,453
Agricultural and Vacant 18,994,061 19,857,768 19,096,373 25,190,672 23,847,520
Residential (Owner Occupied) 644,228,441 588,899,876 557,494,521 530,298,428 511,164,324
Residential (Rental) 303,837,186 279,615,091 266,224,774 251,701,944 232,460,158
Railroad, Private Cars and Airlines 1,488,597 1,499,704 1,422,687 1,512,721 1,610,083
Historical Property 475,874 424,437 395,171 382,124 424,720
Certain Government Property Improvements 143,856 88,833 79,022 101,399 101,963
Total $ 1,576,504,529 $ 1,475,888,622 $ 1,400,607,317 $ 1,350,518,418 $ 1,318,880,221
Gross Full Cash Value $ 22,248,255,792 $ 20,036,148,424 $ 18,477,519,117 $ 16,758,728,677 $ 13,307,316,052
Ratio of Net Limited Assessed Value to Gross Full Cash Value 7% 7% 8% 8% 10%Total Direct Rate 4.11 4.6 4.67 4.46 4.42
Class 2014 2013 2012 2011 2010
Commercial, Industrial, Utilities and Mining $ 564,452,948 $ 630,413,894 $ 690,178,704 $ 860,528,202 $ 868,814,935
Agricultural and Vacant 29,590,751 34,958,819 41,459,228 52,696,824 45,189,820
Residential (Owner Occupied) 482,112,023 572,905,669 676,105,997 905,575,989 1,181,955,906
Residential (Rental) 205,966,262 191,990,564 224,635,000 299,914,473 318,330,435
Railroad, Private Cars and Airlines 1,479,206 1,566,518 1,380,945 1,358,047 1,441,019
Historical Property 379,667 393,019 268,869 450,537 425,526
Certain Government Property Improvements 71,136 79,365 93,427 - -
Total $ 1,284,051,993 $ 1,432,307,848 $ 1,634,122,170 $ 2,120,524,072 $ 2,416,157,641
Gross Full Cash Value $ 11,951,889,810 $ 13,036,334,497 $ 14,871,250,140 $ 19,664,740,062 $ 24,798,056,858
Ratio of Net Limited Assessed Value to Gross Full Cash Value 11% 11% 11% 11% 10%
Total Direct Rate 4.58 4.10 3.53 2.73 2.60
Source: Note: On November 6, 2012, voters approved Proposition 117, an amendment to the Arizona Constitution. Beginning with Tax Year 2015 (Fiscal
Year 2016), both primary and secondary taxes are levied against the net limited assessed value. Primary taxes are used for general District operations. Secondary taxes are used to service District bonded debt requirement and other voter-approved overrides.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205
LAST TEN FISCAL YEARS
Fiscal Year
Fiscal Year
The source of this information is the State and County Abstract of the Assessment Roll, Arizona Department of Revenue.
NET LIMITED ASSESSED VALUE AND FULL CASH VALUE OF TAXABLE PROPERTY BY CLASS
Page 154
Class 2019 2018 2017 2016 2015
Commercial, Industrial, Utilities and Mining $ 749,111,943 $ 706,149,522 $ 633,097,240 $ 565,795,796 $ 555,399,676
Agricultural and Vacant 29,682,408 28,392,237 24,992,207 28,468,770 25,066,386
Residential (Owner Occupied) 1,007,947,151 889,003,078 839,030,848 781,111,093 558,656,703
Residential (Rental) 510,785,105 445,818,570 398,625,163 356,104,259 261,562,122
Railroad, Private Cars and Airlines 1,754,146 1,726,167 1,514,818 1,539,893 1,624,879
Historical Property 799,454 695,889 641,439 577,469 684,426
Certain Government Property Improvements 192,167 111,064 95,055 107,594 103,652
Total $ 2,300,272,374 $ 2,071,896,527 $ 1,897,996,770 $ 1,733,704,874 $ 1,403,097,844
Gross Full Cash Value 22,248,255,792$ 20,036,148,424$ 18,477,519,117$ 16,758,728,677$ 13,307,316,052$
Ratio of Net Full Cash Assessed Value to Gross Full Cash Value 10% 10% 10% 10% 11%
Estimated Net Full Cash Value $ 18,953,636,833 $ 16,947,312,092 $ 15,568,435,666 $ 14,050,867,710 $ 10,863,600,398
Total Direct Rate 4.11 4.60 4.67 4.46 4.42
Class 2014 2013 2012 2011 2010
Commercial, Industrial, Utilities and Mining $ 565,692,788 $ 631,130,360 $ 692,122,358 $ 929,277,519 $ 1,019,303,793
Agricultural and Vacant 29,842,555 35,333,451 42,195,643 65,364,005 65,176,526
Residential (Owner Occupied) 483,626,031 574,520,495 677,202,606 906,857,896 1,322,864,086
Residential (Rental) 209,518,227 192,680,139 224,956,144 312,017,059 384,555,447
Railroad, Private Cars and Airlines 1,492,879 1,596,052 1,537,638 1,617,320 1,693,483
Historical Property 619,483 621,042 457,639 1,220,486 1,111,534
Certain Government Property Improvements 71,136 79,365 93,427 - -
Total $ 1,290,863,099 $ 1,435,960,904 $ 1,638,565,455 $ 2,216,354,285 $ 2,794,704,869
Gross Full Cash Value 11,951,889,810$ 13,036,334,497$ 14,871,250,140$ 19,664,740,062$ 24,798,056,858$
Ratio of Net Full Cash Assessed Value to Gross Full Cash Value 11% 11% 11% 11% 11%
Estimated Net Full Cash Value $ 9,674,775,791 $ 10,709,585,385 $ 12,331,606,732 $ 16,541,240,885 $ 21,513,926,376
Total Direct Rate 4.58 4.10 3.53 2.73 2.60
Source: Note: On November 6, 2012, voters approved Proposition 117, an amendment to the Arizona Constitution. Beginning with Tax Year 2015 (Fiscal Year 2016), both primary
and secondary taxes are levied against the net limited assessed value. The net full cash assessed value is used for determining the District's bonding capacity and as the ceiling for net limited assessed value.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205
The source of this information is the State and County Abstract of the Assessment Roll, Arizona Department of Revenue.
Fiscal Year
Fiscal Year
LAST TEN FISCAL YEARSNET FULL CASH ASSESSED VALUE OF TAXABLE PROPERTY BY CLASS
Page 155
Class 2019 2018 2017 2016 2015
Commercial, Industrial, Utilities and Mining 18 % 18 % 18 % 19 % 19 %
Agricultural and Vacant 15 15 15 16 16
Residential (Owner Occupied) 10 10 10 10 10
Residential (Rental) 10 10 10 10 10
Railroad, Private Cars and Airlines 14 15 14 15 16
Class 2014 2013 2012 2011 2010
Commercial, Industrial, Utilities and Mining 20 % 20 % 20 % 21 % 22 %
Agricultural and Vacant 16 16 16 16 16
Residential (Owner Occupied) 10 10 10 10 10
Residential (Rental) 10 10 10 10 10
Railroad, Private Cars and Airlines 15 15 15 17 18
Source: The source of this information is the State and County Abstract of the Assessment Roll, Arizona Department of Revenue.
Note: Additional classes of property exist, but do not amount to a significant portion of the District's total valuation, therefore they are not included on this schedule.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205PROPERTY TAX ASSESSMENT RATIOS
LAST TEN FISCAL YEARS
Fiscal Year
Fiscal Year
Page 156
Fiscal Year
Ended MaricopaJune 30 County Primary Secondary Total
2019 0.47 1.40 1.38 1.98 2.14 6.05 5.10 0.15 2.05 2.06 4.11 2018 0.49 1.40 1.41 2.08 2.16 6.38 5.21 0.18 2.59 2.02 4.60 2017 0.50 1.40 1.47 2.15 2.17 6.07 5.63 0.08 2.67 2.00 4.67 2016 0.51 1.36 1.49 2.20 1.82 5.84 5.79 0.07 2.47 1.98 4.46 2015 0.51 1.32 1.52 2.15 1.82 6.46 5.70 0.08 2.59 1.83 4.42 2014 0.51 1.28 1.53 2.29 1.82 7.30 6.02 0.06 2.69 1.89 4.58 2013 0.47 1.24 1.38 1.90 1.82 6.94 4.71 0.05 2.46 1.64 4.10 2012 0.43 1.24 1.21 1.60 1.82 6.41 4.61 0.05 2.24 1.29 3.53 2011 0.36 1.05 0.97 1.60 1.82 4.77 3.38 0.05 1.68 1.05 2.73 2010 0.33 0.66 0.88 1.60 1.82 3.99 3.08 0.05 1.84 0.76 2.60
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205DIRECT AND OVERLAPPING PROPERTY TAX RATES
LAST TEN FISCAL YEARS
Source:
District Direct Rates
The source of this information is the Property Tax Rates and Assessed Values, Arizona Tax Research Foundation.
Overlapping Rates
State Equalization
Community College District
City of Glendale
City of Phoenix
Glendale Elementary
School District No. 40
West-MEC No. 402
Washington Elementary
School District No. 6
Page 157
Net Limited Assessed Valuation
Net Full Cash Assessed Valuation
Arizona Public Service Company 124,001,738$ 7.87 % $ 100,050,434$ 3.58 %
Arizona Public Service Company (CWIP) 14,185,401 0.90
Qwest Corporation 13,031,412 0.83 62,880,860$ 2.25
Southwest Gas Corporation 7,123,079 0.45 18,165,582$ 0.65
TP Racing LLLP 16,768,229$ 0.60
Metrocenter Associates LLC 14,532,465$ 0.52
Metropolitan Life Insurance Company 13,694,054$ 0.49
VHS of Arrowhead Inc. 7,422,663 0.47 11,458,290$ 0.41
Transwestern Phoenix Corporate Center 11,178,819$ 0.40
Metrorising Ams Owner LLC 10,619,879$ 0.38
Bell Towne Center Associates LLC 9,781,467$ 0.35
Fred Meyer Inc. 8,384,115$ 0.30 Canyon Corporate Plaza Properties 6,615,000 0.42M2 Phoenix 1222 LLC 6,615,000 0.41Bay Pacific Phoenix Corporate Center LLC 6,481,691 0.32BTC Owner LLC 5,048,777 0.26Walmart Stores Inc 4,112,487 0.26
Total 194,637,248$ 12.18 % 277,514,194$ 9.93 %
Source:Note: On November 6, 2012, voters approved Proposition 117, an amendment to the Arizona Constitution. Beginning
with Tax Year 2015 (Fiscal Year 2016), both primary and secondary taxes are levied against the net limited assessed value.
The source of this information is the Maricopa County Assessor's records.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205PRINCIPAL PROPERTY TAXPAYERS
CURRENT FISCAL YEAR AND FISCAL YEAR NINE YEARS PRIOR
Percentage of District's Net
Limited Assessed Valuation
Percentage of District's Net Full Cash Assessed
Valuation
2010
Taxpayer
2019
Page 158
FiscalYear Taxes Levied Collections in
Ended for the Subsequent June 30 Fiscal Year Amount Fiscal Years Amount(2)
2019 65,231,644$ 62,201,208$ 95.35 % $ 62,201,208$ 95.35 %2018 68,008,876 65,058,635 95.66 192,528 65,251,163 95.952017 65,652,798 62,435,898 95.10 3,184,690 65,620,588 99.952016 60,242,707 58,895,925 97.76 1,331,120 60,227,045 99.972015 59,924,837 57,169,148 95.40 2,733,311 59,902,459 99.962014 58,680,826 55,790,795 95.07 2,861,633 58,652,428 99.952013 58,908,471 55,691,901 94.54 3,207,285 58,899,186 99.982012 57,541,427 54,278,035 94.33 3,256,923 57,534,958 99.992011 57,552,868 54,410,329 94.54 2,656,410 57,066,739 99.162010 65,875,793 59,204,539 89.87 6,666,637 65,871,176 99.99
Source:Notes: 1)
2)
Fiscal Year of the LevyCollected within the
of the Current Fiscal Year
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Collected to the End
Unsecured personal property taxes are not included in this schedule because the dates of the monthly rollsvary each year. On the average, 90% of unsecured property taxes are collected within 90 days after thedue date.
Amounts collected are on a cash basis.The source of this information is the Maricopa County Treasurer's records.
of LevyPercentage
of LevyPercentage
Page 159
Fiscal Less: Percentage of Percentage of Year Estimated Estimated Percentage of
Ended Actual Value Per Actual Value Per Personal June 30 Total (Full Cash Value) Capita Total (Full Cash Value) Capita Income
2019 122,718,697$ 1,368,703$ 121,349,994$ 0.55 % 333$ 11,019,809$ 133,738,506$ 0.60 % 367$ N/A %2018 121,256,750 1,709,127 119,547,623 0.60 333 5,813,012 127,069,762 0.63 354 0.06 2017 119,374,503 1,358,356 118,016,147 0.64 334 7,177,262 126,551,765 0.68 358 0.05 2016 104,676,876 1,544,832 103,132,044 0.62 314 8,492,995 113,169,871 0.68 345 0.06 2015 112,246,935 1,177,792 111,069,143 0.83 342 9,736,820 121,983,755 0.92 375 0.07 2014 124,390,000 1,492,224 122,897,776 1.03 378 10,679,981 135,069,981 1.13 416 0.09 2013 93,475,000 2,229,306 91,245,694 0.70 281 11,344,111 104,819,111 0.80 323 0.07 2012 99,365,000 1,477,668 97,887,332 0.66 301 12,227,678 111,592,678 0.75 343 0.08 2011 87,505,000 10,580,000 76,925,000 0.39 237 325,569 87,830,569 0.45 270 0.06 2010 97,635,000 10,130,000 87,505,000 0.35 230 584,357 98,219,357 0.40 258 0.07
Source:Note: N/A indicates that the information is not available.
The source of this information is the District's financial records.
General Obligation Bonds
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS
Total Outstanding Debt
General Obligation
Bonds
Amounts Restricted
for Principal Capital Leases
Page 160
Estimated EstimatedPercentage Amount
Debt Applicable to Applicable toOutstanding School District School District
Overlapping:State of Arizona $ 2.53 $Maricopa County 3.90 Maricopa County Community College District 380,740,000 3.90 14,848,860 Maricopa County Special Healthcare District 497,125,000 3.90 19,387,875 City of Glendale 135,010,000 22.13 29,877,713 City of Phoenix 1,149,785,000 10.17 116,933,135 Washingtion Elementary School District No. 6 120,275,000 100.00 120,275,000 Glendale Elementary School District No. 40 32,885,000 100.00 32,885,000 Western Maricopa Education Center District No. 402 126,600,000 10.70 13,546,200
Subtotal, Overlapping Debt 347,753,783
Direct:Glendale Union High School District No. 205 133,738,506
Total Direct and Overlapping Governmental Activities Debt 481,492,289$
Net Direct General Obligation Bonded DebtAs a Percentage of Net Limited Assessed Valuation 5.24 %
Net Direct and Overlapping General Bonded DebtPer Capita 1,284$ As a Percentage of Net Limited Assessed Valuation 20.36 %As a Percentage of Estimated Gross Full Cash Value 2.11 %
Source:
Notes: 1)
2)
The source of this information is the District's records and the State and County Abstract of the AssessmentRoll, Arizona Department of Revenue and the applicable governmental unit.
Estimated percentage of debt outstanding applicable to the District is calculated based on a portion of theDistrict's net limited assessed valuation as a percentage of the net limited assessed valuation of theoverlapping jurisdiction.Outstanding debt as of June 30, 2018 is presented for the overlapping governments as this is the most recent available information.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
JUNE 30, 2019
Governmental Unit
DIRECT AND OVERLAPPING GENERAL BONDED DEBT RATIOS
Page 161
Class B Bond Legal Debt Margin Calculation for Fiscal Year 2019: Total Legal Debt Margin Calculation for Fiscal Year 2019:Net full cash assessed valuation 2,300,272,374$ Net full cash assessed valuation 2,300,272,374$ Debt limit (10% of assessed value) 230,027,237 Debt limit (15% of assessed value) 345,040,856 Debt applicable to limit 120,580,000 Debt applicable to limit (total) 120,580,000 Legal debt margin 109,447,237$ Legal debt margin 224,460,856$
2019 2018 2017 2016 2015
Debt Limit 345,040,856$ 310,784,479$ 284,699,516$ 260,055,731$ 210,464,677$
Total net debt applicable to limit 120,580,000 117,030,000 117,220,905 102,665,000 109,690,000
Legal debt margin 224,460,856$ 193,754,479$ 167,478,611$ 157,390,731$ 100,774,677$
Total net debt applicable to the limit as a percentage of debt limit 35% 38% 41% 39% 52%
2014 2013 2012 2011 2010
Debt Limit 193,629,465$ 215,394,136$ 245,784,818$ 332,453,143$ 419,205,730$
Total net debt applicable to limit 124,390,000 93,475,000 99,365,000 87,505,000 97,635,000
Legal debt margin 69,239,465$ 121,919,136$ 146,419,818$ 244,948,143$ 321,570,730$
Total net debt applicable to the limit as a percentage of debt limit 64% 43% 40% 26% 23%
Source:Notes: 1)
2) Prior to FY17, net bond premium was restricted by amount and not subject to the statutory debt limit. Beginning with FY17, any additional net premium used for capital projects, bond counsel, printing and preparation of offering documents, a financial advisor, paying agent costs or to pay down debt is counted against both debt limits with the exception of amounts of premium deposited into the Debt Service Fund or a refunding escrow to pay interest payments.
The District’s general obligation bonds are subject to two limits; the Constitutional debt limit (total debt limit) on all general obligationbonds outstanding and the statutory debt limit on Class B bonds outstanding. The calculations of the debt margins are presented in detail forthe current fiscal year only.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205LEGAL DEBT MARGIN INFORMATION
LAST TEN FISCAL YEARS
Fiscal Year Ended June 30
The source of this information is the District's financial records.
Page 162
Estimated
Year Population (thousands)
2018 4,294,460 $ N/A $ 40,415 % 364,786 2017 4,221,684 196,286,191 45,573 359,387 2016 4,137,076 280,120,037 40,415 353,030 2015 4,076,439 175,437,829 42,092 328,488 2014 4,087,191 168,483,421 41,222 325,000 2013 3,944,859 154,926,697 39,273 325,000 2012 3,824,058 147,374,500 38,538 325,000 2011 3,843,370 142,864,275 37,352 325,000 2010 3,817,117 142,091,618 35,319 325,000 2009 4,023,331 147,122,078 37,168 380,000
Sources:
Note: N/A indicates that the information is not available.
9.1 8.4 8.5 8.7
The source of the "Population" and "Unemployment Rate" information from 2009 through 2010 is the University of Arizona, Eller College of Management, Economic and Business Research Center. For 2011 through 2015, the source of the information is the Arizona Office of Employment and Population Statistics. For 2018, the source of the information is the Arizona Department of Commerce, Population Statistics Unit and the U.S. Census Bureau.
The source of the "Personal Income" and "Per Capita" information is the Bureau of Economic Analysis.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205COUNTY-WIDE DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN CALENDAR YEARS
Personal Income Per Capita
IncomeUnemployment
RateDistrict
Population
6.7
4.1 4.2 4.5 5.5 5.9
Page 163
Percentage Percentageof Total of Total
Employees Employment Employees Employment
State of Arizona 37,655 1.31 % 54,445 3.2 %Wal-Mart Stores Inc. 33,814 1.18 31,280 1.9 Banner Health Systems 41,257 1.44 27,430 1.6 City of Phoenix 13,894 0.48 16,375 1.0 Maricopa County 10,072 0.35 14,000 0.8 Wells Fargo Company 15,062 0.52 14,000 0.8 Apollo Group Inc. 11,000 0.38 12,300 0.7 Arizona State University 13,480 0.47 12,045 0.7 Honeywell Aerospace 6,814 0.24 10,145 0.6 Bank of America 10,000 0.35 10,000 0.6 Intel Corp. 10,000 0.35 10,000 0.6 JP Morgan Chase & Co. 10,200 0.36 9,300 0.6 Mesa Public Schools 6,000 0.21 9,200 0.5 U.S. Postal Service 7,318 0.25 8,680 0.5 US Airways 7,500 0.26 8,645 0.5 HonorHealth 11,308 Dignity Health Arizona 11,206 Mayo Clinic 6,648 Amazon.com Inc 6,000 Luke Airforce Base 5,100 0.18 6,000 0.4 Banner Thunderbird Health System 3,060 2,750 0.2
Total 277,388 8.33 % 256,595 15.29 %
Total employment 2,872,000 1,677,600
Source:Note: The information presented above is for the Greater Phoenix Area.
The source of this information is the Business Journal Book of Lists.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205PRINCIPAL EMPLOYERS
CURRENT FISCAL YEAR AND FISCAL YEAR NINE YEARS PRIOR
Employer
2019 2010
Page 164
2019 2018 2017 2016 2015
SupervisoryPrincipals 10 10 9 9 9 Assistant principals 27 27 27 27 27
Total supervisory 37 37 36 36 36 Instruction
Teachers 727 741 738 712 712 Other professionals (instructional) 29 30 31 29 26 Aides 228 217 199 195 203
Total instruction 984 988 968 936 941 Student Services
Librarians 9 9 9 9 9 Nurses 9 9 9 9 9 Social Workers/Counselors 48 48 47 45 42
Total student services 66 66 65 63 60 Support and Administration
Support staff - Office 224 215 178 172 212 Support staff - Maintenance 143 152 157 151 151 Support staff - Transportation 79 70 70 58 64 Support staff - Food services 80 78 67 71 54
Total support and administration 526 515 472 452 481
Total 1,613 1,606 1,541 1,487 1,518
(Continued)
Full-time Equivalent Employees as of June 30
LAST TEN FISCAL YEARS
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205FULL-TIME EQUIVALENT DISTRICT EMPLOYEES BY TYPE
Page 165
2014 2013 2012 2011 2010
SupervisoryPrincipals 9 9 9 9 9 Assistant principals 27 27 27 27 27
Total supervisory 36 36 36 36 36 Instruction
Teachers 712 706 681 682 698 Other professionals (instructional) 21 5 10 5 8 Aides 203 197 191 195 195
Total instruction 936 908 882 882 901 Student Services
Librarians 9 9 9 9 9 Nurses 9 9 13 10 10 Social Workers/Counselors 42 43 41 37 37
Total student services 60 61 63 56 56 Support and Administration
Support staff - Office 172 212 206 180 180 Support staff - Maintenance 154 162 142 158 162 Support staff - Transportation 62 61 70 46 49 Support staff - Food services 64 59 51 57 57
Total support and administration 452 494 469 441 448
Total 1,484 1,499 1,450 1,415 1,441
Source:
(Concluded)
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205FULL-TIME EQUIVALENT DISTRICT EMPLOYEES BY TYPE
LAST TEN FISCAL YEARS
The source of this information is District personnel records.
Page 166
FiscalYear Cost Cost Pupil-
Ended per Percentage per Percentage Teaching TeacherJune 30 Pupil Change Expenses Pupil Change Staff Ratio
2019 15,677 143,273,933$ 9,139$ 6.62 % 158,888,382$ 10,135$ 2.13 % 727 21.6 60.2 %2018 15,377 131,811,540 8,572 2.87 152,597,982 9,924 1.88 741 20.8 60.7 2017 15,534 129,439,511 8,333 2.73 151,312,539 9,741 6.12 738 21.0 62.6 2016 15,139 122,793,849 8,111 1.36 138,955,692 9,179 (3.26) 712 21.3 63.5 2015 15,096 120,807,910 8,003 1.48 143,229,148 9,488 (1.33) 712 21.2 64.5 2014 14,981 118,133,927 7,886 (0.52) 144,058,428 9,616 2.76 712 21.0 63.4 2013 14,780 117,158,632 7,927 2.44 138,302,325 9,357 (3.25) 706 20.9 62.2 2012 14,771 114,296,088 7,738 (1.45) 142,864,358 9,672 4.54 681 21.7 61.6 2011 14,566 114,365,676 7,852 2.04 134,767,333 9,252 (0.23) 682 21.4 58.9 2010 14,705 113,150,773 7,695 (4.05) 136,370,620 9,274 (3.20) 698 21.1 61.4 2008 14,784 104,010,771 7,661 120,535,161 9,411 #DIV/0!
Operating expenditures are total expenditures less debt service and capital outlay.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205OPERATING STATISTICSLAST TEN FISCAL YEARS
Percentage of
StudentsFree/Reduced
The source of this information is the District's financial records.Source:Note:
Average Daily
MembershipOperating
Expenditures
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Fiscal Year
Ended Education Number Minimum Maximum AverageJune 30 Level of Teachers Salary Salary Salary
2019 BA 135 38,277$ 52,303$ 45,156$ BA+15 43 39,656 55,925 53,186 BA+30/MA 302 41,034 70,207 55,899 MA+12 76 41,996 71,169 55,467 MA+24 64 42,958 72,131 58,750 MA+36 54 43,919 73,092 62,558 MA+48 25 44,881 74,054 61,132 MA+60 16 45,843 75,016 64,795 MA+72/Doctorate 42 46,805 75,977 66,970
2018 BA 153 35,181$ 48,072$ 42,716$ BA+15 39 36,448 51,402 50,610 BA+30/MA 320 37,715 64,528 53,831 MA+12 72 38,599 65,412 56,649 MA+24 51 39,483 66,296 59,185 MA+36 57 40,367 67,180 61,618 MA+48 27 41,251 68,064 60,370 MA+60 17 42,135 68,948 59,460 MA+72/Doctorate 32 43,019 69,832 66,118
2017 BA 148 34,833$ 47,596$ 43,255$ BA+15 44 36,087 50,892 50,221 BA+30/MA 319 37,341 63,889 55,600 MA+12 62 38,217 64,764 60,059 MA+24 58 39,092 65,639 61,783 MA+36 57 39,967 66,514 63,423 MA+48 23 40,842 67,390 64,016 MA+60 17 41,717 68,265 67,010 MA+72/Doctorate 36 42,593 69,140 65,775
2016 BA 142 33,982$ 50,419$ 42,122$ BA+15 46 35,206 53,635 48,096 BA+30/MA 310 36,430 66,315 52,105 MA+12 63 37,284 67,168 57,509 MA+24 50 38,138 68,022 57,515 MA+36 55 38,992 68,876 60,712 MA+48 30 39,845 69,730 59,441 MA+60 15 40,699 70,584 60,845 MA+72/Doctorate 38 41,553 71,438 63,991
2015 BA 140 33,982$ 50,419$ 40,241$ BA+15 50 35,206 53,635 45,697 BA+30/MA 309 36,430 66,315 50,518 MA+12 63 37,284 67,168 57,746 MA+24 52 38,138 68,022 55,628 MA+36 53 38,992 68,876 61,131 MA+48 32 39,845 69,730 57,484 MA+60 15 40,699 70,584 55,174 MA+72/Doctorate 36 41,553 71,438 62,143
(Continued)
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205TEACHER DEMOGRAPHIC INFORMATION
LAST NINE FISCAL YEARS
Page 168
Fiscal Fiscal Year
Ended Education Number Minimum Maximum AverageJune 30 Level of Teachers Salary Salary Salary
2014 BA 149 33,982$ 50,419$ 40,405$ BA+15 42 35,206 53,635 46,720BA+30/MA 293 36,430 66,315 51,015MA+12 62 37,284 67,168 56,196MA+24 54 38,138 68,022 57,433MA+36 59 38,992 68,876 60,918MA+48 38 39,845 69,730 60,250MA+60 11 40,699 70,584 57,336MA+72/Doctorate 35 41,553 71,438 60,543
2013 BA 136 33,646$ 49,919$ 39,918$ BA+15 50 34,857 53,103 45,986BA+30/MA 278 36,069 65,657 50,461MA+12 71 36,914 66,502 55,001MA+24 57 37,760 67,348 58,791MA+36 59 38,605 68,193 60,189MA+48 34 39,451 69,038 59,716MA+60 16 40,296 69,884 57,367MA+72/Doctorate 35 41,141 70,729 60,497
2012 BA 128 33,479$ 49,671$ 39,681$ BA+15 50 34,684 52,839 44,782BA+30/MA 274 35,890 65,330 50,023MA+12 76 36,731 66,172 53,931MA+24 60 37,572 67,013 56,807MA+36 58 38,413 67,854 59,767MA+48 34 39,255 68,695 60,210MA+60 19 40,096 69,536 60,756MA+72/Doctorate 34 40,937 70,377 62,065
2011 BA 137 32,984$ 48,938$ 38,928$ BA+15 51 34,172 52,060 45,106BA+30/MA 272 35,360 64,367 49,249MA+12 81 36,189 65,196 53,478MA+24 54 37,018 66,024 55,282MA+36 52 37,846 66,853 59,642MA+48 32 38,675 67,682 59,918MA+60 16 36,504 68,511 59,233MA+72/Doctorate 34 40,333 69,339 62,566
The source of this information is the District's records.
(Concluded)
LAST NINE FISCAL YEARS
The District has only presented eight years of data as that is all that is available in this format.
Teachers may earn additional compensation based on the Classroom Site Fund's Performance Compensation Plan, attendance at workshops, extra duty, and performance of other assignments.
Source: Note:
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205TEACHER DEMOGRAPHIC INFORMATION
Page 169
2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
SchoolsHigh
Buildings 200 200 201 201 197 207 212 217 220 220 Square feet 2,393,312 2,393,312 2,335,690 2,335,690 2,439,274 2,368,694 2,294,170 2,215,014 2,252,164 2,252,164 Capacity 19,000 19,000 19,000 19,000 19,000 19,000 19,000 19,000 19,000 19,000 Enrollment 16,284 15,784 15,991 15,695 15,376 15,304 15,059 15,051 14,816 15,262
OtherBuildings 3 3 3 3 3 3 3 3 3 3 Square feet 15,209 15,209 15,209 15,209 15,209 15,209 15,209 15,209 15,209 15,209 Capacity 75 75 75 75 75 75 75 75 75 75
AdministrativeBuildings 3 3 3 3 3 3 3 3 3 3 Square feet 14,112 14,112 14,112 14,112 14,112 14,112 14,112 14,112 14,112 14,112
TransportationGarages 1 1 1 1 1 1 1 1 1 1 Buses 84 84 87 80 80 79 75 75 75 75
AthleticsFootball fields 9 9 9 9 9 9 9 9 9 9 Gyms 18 18 18 18 18 18 18 18 18 18 Running tracks 9 9 9 9 9 9 9 9 9 9 Baseball/softball 34 34 34 34 34 34 34 34 34 34 Swimming pools 3 3 3 3 3 3 3 3 3 3 Playgrounds 3 3 3 3 3 3 3 2 2 2
Source: The source of this information is the District's facilities records.
GLENDALE UNION HIGH SCHOOL DISTRICT NO. 205CAPITAL ASSETS INFORMATION
LAST TEN FISCAL YEARS
Fiscal Year Ended June 30
Page 170