GALENA PARK

GALENA PARK

Independent School District

Annual Comprehensive Financial Report For the Fiscal Year Ended August 31, 2021

Galena Park Independent School District * 14705 Woodforest Blvd. * Houston, Texas 77015

Annual Comprehensive Financial Report

For the Fiscal Year Ended August 31, 2021

GALENA PARK INDEPENDENT SCHOOL DISTRICT

14705 Woodforest Blvd., Houston, Texas 77015

Prepared by the Business Services Department: Sonya Haidusek-Niazy, PhD, CPA

Chief Financial Officer and Deputy Superintendent for Operational Support Ida A. Schultze, CPA, RTSBA

Executive Director of Budget and Financial Support Services Renee Beck, RTSBA

Director of Accounting

GALENA PARK INDEPENDENT SCHOOL DISTRICT

TABLE OF CONTENTS

Introductory Section Principal Officials and Advisors Certificate of Board Transmittal Letter Organizational Chart ASBO Certificate of Excellence

Financial Section Independent Auditors' Report Management's Discussion and Analysis Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position Statement of Activities Governmental Fund Financial Statements: Balance Sheet Reconciliation of Balance Sheet for Governmental Funds to Statement of Net Position Statement of Revenues, Expenditures, and Changes in Fund Balance Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balance of Governmental Funds to the Statement of Activities Proprietary Fund Financial Statements: Statement of Net Position Statement of Revenues, Expenses, and Changes in Fund Net Position - Proprietary Funds Statement of Cash Flows Fiduciary Fund Financial Statements: Statement of Fiduciary Net Position Statement of Changes in Fiduciary Net Position Notes to the Financial Statements Required Supplementary Information: Budgetary Comparison Schedule - General Fund Notes to Required Supplementary Information Schedule of the District's Proportionate Share of the Net Pension Liability Schedule of the District's Pension Contributions - Teacher Retirement System of Texas Notes to Required Supplementary Information - Pension Schedule of the District's Proportionate Share of the Net OPEB Liability Schedule of the District's OPEB Contributions - Teacher Retirement System of Texas Notes to Required Supplementary Information - OPEB Other Supplementary Information: Combining Fund Statements: Non-major Governmental Funds: Combining Balance Sheet Combining Statement of Revenues, Expenditures, and Changes in Fund Balance Schedule of Delinquent Taxes Receivable Budgetary Comparison Schedule - National School Breakfast and Lunch Program Budgetary Comparison Schedule - Debt Service Fund

Page

i ii iii viii ix

3 7

18 19

20 21 22

23

24 25 26

27 28 29

62 63 64 65 66 67 68 69

74 81 88 90 91

Exhibit

A-1 B-1 C-1 C-2 C-3 C-4 D-1 D-2 D-3 E-1 E-2 F-1 G-1 G-2 G-3 G-4 G-5

H-1 H-2 J-1 J-2 J-3

Galena Park ISD 2021 ACFR

GALENA PARK INDEPENDENT SCHOOL DISTRICT

TABLE OF CONTENTS (continued)

Statistical Section Net Position by Component Changes in Net Position Fund Balances of Governmental Funds Changes in Fund Balances of Governmental Funds Revenue by Source for Governmental Funds Assessed Value and Actual Value of Taxable Property Property Tax Rates - Direct and Overlapping Governments Principal Taxpayers Property Tax Levies & Collections Ratios of Outstanding Debt by Type Ratios of Net General Obligation Bonded Debt Outstanding Computation of Estimated Direct and Overlapping Debt Legal Debt Margin Information Demographic and Economic Statistics Principal Employers Full-Time Equivalent District Employees Operating Statistics Teacher Base Salaries School Building Information

Page

96 98 100 102 104 107

108 110 111 112 113 115 116 118 119 120 122 125 126

Table

1 2 3 4 5 6

7 8 9 10 11 12 13 14 15 16 17 18 19

Galena Park ISD 2021 ACFR

INTRODUCTORY SECTION

Galena Park ISD 2021 ACFR

Galena Park ISD 2021 ACFR

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