MURPHY ELEMENTARY SCHOOL DISTRICT NO. 21

MURPHY ELEMENTARY SCHOOL DISTRICT NO. 21

Comprehensive Annual Financial Report

Fiscal Year Ended June 30, 2012

2615 West Buckeye Road Phoenix, Arizona 85009-5783

MURPHY ELEMENTARY SCHOOL DISTRICT NO. 21 PHOENIX, ARIZONA

COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2012

Issued by: Business and Finance Department

MURPHY ELEMENTARY SCHOOL DISTRICT NO. 21

TABLE OF CONTENTS

INTRODUCTORY SECTION Letter of Transmittal ASBO Certificate of Excellence GFOA Certificate of Achievement Administrative Organizational Plan List of Principal Officials

FINANCIAL SECTION INDEPENDENT AUDITORS' REPORT MANAGEMENT'S DISCUSSION AND ANALYSIS (MD&A) (Required Supplementary Information) BASIC FINANCIAL STATEMENTS

Government-Wide Financial Statements: Statement of Net Assets Statement of Activities

Fund Financial Statements: Balance Sheet - Governmental Funds Reconciliation of the Balance Sheet Governmental Funds to the Statement of Net Assets Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds to the Statement of Activities

Page i

vii viii

ix x

1 5

18 19

22 25 26

28

MURPHY ELEMENTARY SCHOOL DISTRICT NO. 21

TABLE OF CONTENTS (Cont'd)

FINANCIAL SECTION (Cont'd) BASIC FINANCIAL STATEMENTS (Concl'd)

Statement of Fiduciary Assets and Liabilities Notes to Financial Statements SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES-BUDGET AND ACTUAL (Required Supplementary Information)

General Fund Title I Grants Fund Note to Required Supplementary Information COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES Governmental Funds: Combining Balance Sheet - All Non-Major Governmental Funds By Fund Type Combining Statement of Revenues, Expenditures and Changes in Fund Balances - All Non-Major Governmental Funds - By Fund Type Special Revenue Funds: Combining Balance Sheet Combining Statement of Revenues, Expenditures and Changes in Fund Balances Combining Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual

Page 29 30

50 51 52

56 57 60 66 72

MURPHY ELEMENTARY SCHOOL DISTRICT NO. 21

TABLE OF CONTENTS (Cont'd)

FINANCIAL SECTION (Concl'd) COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND

SCHEDULES (Concl'd) Debt Service Fund:

Schedule of Revenues, Expenditures and Changes in Fund Balances ? Budget and Actual

Capital Projects Funds: Combining Balance Sheet Combining Statement of Revenues, Expenditures and Changes in Fund Balances Combining Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual

Agency Funds: Combining Statement of Fiduciary Assets and Liabilities Combining Statement of Changes in Fiduciary Assets and Liabilities

STATISTICAL SECTION Financial Trends: Net Assets by Component Expenses, Program Revenues, and Net (Expense)/Revenue General Revenues and Total Changes in Net Assets Fund Balances ? Governmental Funds Governmental Funds Revenues Governmental Funds Expenditures and Debt Service Ratio Other Financing Sources and Uses and Net Changes in Fund Balances ? Governmental Funds

Page

92 94 96 98 106 107

110 111 113 115 117 119 121

MURPHY ELEMENTARY SCHOOL DISTRICT NO. 21

TABLE OF CONTENTS (Concl'd)

STATISTICAL SECTION (Concl'd) Revenue Capacity: Assessed Value and Estimated Actual Value of Taxable Property Direct and Overlapping Property Tax Rates Principal Property Taxpayers Property Tax Levies and Collections Debt Capacity: Outstanding Debt by Type Direct and Overlapping Governmental Activities Debt Legal Debt Margin Information Demographic and Economic Information: County-Wide Demographic and Economic Statistics Principal Employers Operating Information: Full-Time Equivalent District Employees by Type Operating Statistics Capital Assets Information

Page

122 123 124 125

126 127 128

129 130

131 133 134

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INTRODUCTORY SECTION

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