Union Public Schools Independent School District #9 Tulsa ... - Gabbart

Union Public Schools Independent School District #9 Tulsa, Oklahoma 74133

Union Public Schools Independent District #9

Tulsa, Oklahoma

Comprehensive Annual Financial Report

For the Fiscal Year Ending June 30, 2015

Prepared by: Department of Finance Debra J. Jacoby, CPA Chief Financial Officer/Treasurer Catherine L. Bentley, CPA Director of Financial Reporting/Treasury Gail. L. Easterling, CPA Director of Accounting

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Union Public Schools - Table of Contents

Comprehensive Annual Financial Report

For the Fiscal Year Ending June 30, 2015

INTRODUCTORY SECTION.........................................................................................................Page Transmittal Letter and District Profile........................................................................................1-15 ASBO Certificate of Excellence........................................................................................................ 16 GFOA Certificate of Achievement.................................................................................................. 17 School Officials.................................................................................................................................. 18 Organizational Chart........................................................................................................................ 19

FINANCIAL SECTION Independent Auditor's Report...................................................................................................21-24 Management's Discussion and Analysis..................................................................................25-36 Basic Financial Statements

Governmentwide Financial Statements Statement of Net Position.................................................................................................... 37 Statement of Activities.....................................................................................................38-39 Fund Financial Statements Balance Sheets - Governmental Funds............................................................................... 41 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds......................................................................... 42 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities.............. 43 Statement of Net Position - Proprietary Funds................................................................. 44 Statement of Revenues, Expenses, and Changes in Net Position - Proprietary Funds.................................................................................. 45 Statement of Cash Flows - Proprietary Funds.................................................................. 46 Statement of Net Position - Fiduciary Funds.................................................................... 47 Statement of Changes in Net Position - Fiduciary Funds............................................... 48 Notes to the Financial Statements.......................................................................................49-76

Required Supplementary Information: Schedule of Funding Progress for Other Post-Employment Benefits................................. 77 Schedule of the District's Proportionate Share of the Net Pension Liability Oklahoma Teachers' Retirement System........................................................................... 78 Schedule of District's Contributions Oklahoma Teacher's Retirement System........................................................................... 79 Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - (Budgetary Basis) - Budgeted Governmental Fund Types - General Fund...................................................................... 80

Union Public Schools - Table of Contents

Comprehensive Annual Financial Report

For the Fiscal Year Ending June 30, 2015

FINANCIAL SECTION (Cont.).......................................................................................................Page Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - (Budgetary Basis) Budgeted Governmental Fund Types - Building Fund................................................... 81

Other Supplementary Information: Combining Statement of Changes in Assets and Liabilities - Agency Funds.............. 83

STATISTICAL SECTION Net Position by Component............................................................................................................ 87 Changes in Net Position..............................................................................................................88-89 Fund Balances of Governmental Funds......................................................................................... 90 Changes in Fund Balances of Governmental Funds.................................................................... 91

Assessed and Estimated Actual Value of Taxable Property........................................................ 93 Direct and Overlapping Property Tax Rates................................................................................. 94 Principal Property Taxpayers.......................................................................................................... 95 Property Tax Levies and Collections.............................................................................................. 96

Ratio of Outstanding Debt by Type................................................................................................ 97 Ratios of Net General Bonded Debt Outstanding........................................................................ 98 Direct and Overlapping Governmental Activities Debt.............................................................. 99 Legal Debt Margin.......................................................................................................................... 100

Demographic and Economic Statistics..................................................................................101-102 Tulsa Area Principal Employers.................................................................................................... 103

Capital Assets by Function and Activity..................................................................................... 105 Employee Information................................................................................................................... 106 Operating Statistics......................................................................................................................... 107 Support Services Statistics............................................................................................................. 108 School Building Information.................................................................................................. 109-111 Insurance Schedule......................................................................................................................... 112

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