Westerville City School District Annual Comprehensive Financial Report

[Pages:181]Westerville City School District Annual

Comprehensive Financial Report

For Fiscal Year Ended June 30, 2021

Board of Education Westerville City School District

Westerville, Ohio

Board of Education Westerville City School District 936 Eastwind Drive Westerville, Ohio 43081 We have reviewed the Independent Auditor's Report of Westerville City School District, Franklin County, prepared by Julian & Grube, Inc., for the audit period July 1, 2020 through June 30, 2021. Based upon this review, we have accepted these reports in lieu of the audit required by Section 117.11, Revised Code. The Auditor of State did not audit the accompanying financial statements and, accordingly, we are unable to express, and do not express an opinion on them. Our review was made in reference to the applicable sections of legislative criteria, as reflected by the Ohio Constitution, and the Revised Code, policies, procedures and guidelines of the Auditor of State, regulations and grant requirements. Westerville City School District is responsible for compliance with these laws and regulations.

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Westerville City School District Westerville, Ohio

Annual Comprehensive Financial Report For Fiscal Year Ended June 30, 2021

Issued By: Office of the Treasurer Prepared By: Nicole Marshall Treasurer

Westerville City School District Westerville, Ohio

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WESTERVILLE CITY SCHOOL DISTRICT, OHIO ANNUAL COMPREHENSIVE FINANCIAL REPORT

TABLE OF CONTENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2021

Page

I. INTRODUCTORY SECTION

Letter of Transmittal

1

Elected Officials and Administrative Staff

7

Table of Organization for Administrators

8

Certificate of Achievement, Government Finance Officers Association

9

II. FINANCIAL SECTION

Independent Auditor's Report

11

Management's Discussion and Analysis

15

Basic Financial Statements:

Government-wide Financial Statements

Statement of Net Position

27

Statement of Activities

28

Fund Financial Statements

Balance Sheet ? Governmental Funds

29

Reconciliation of Total Governmental Fund Balances to Net Position

of Governmental Activities

30

Statement of Revenues, Expenditures, and Changes in

Fund Balances ? Governmental Funds

31

Reconciliation of the Statement of Revenues, Expenditures and

Changes in Fund Balances of Governmental Funds to the

Statement of Activities

32

Statement of Revenues, Expenditures and Changes in

Fund Balance ? Budget and Actual (Non-GAAP Budgetary

Basis) ? General Fund

33

Statement of Net Position ? Proprietary Funds

34

Statement of Revenues, Expenses, and Changes in

Net Position ? Proprietary Funds

35

Statement of Cash Flows ? Proprietary Funds

36

Statement of Fiduciary Net Position ? Fiduciary Funds

37

Statement of Changes in Fiduciary Net Position ? Fiduciary Fund

38

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WESTERVILLE CITY SCHOOL DISTRICT, OHIO ANNUAL COMPREHENSIVE FINANCIAL REPORT

TABLE OF CONTENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2021

Notes to Basic Financial Statements

39

Required Supplementary Information

Schedule of the District's Proportionate Share of the Net Pension Liability

School Employees Retirement System (SERS) of Ohio

82

State Teachers Retirement System (STRS) of Ohio

84

Schedule of District Pension Contributions:

School Employees Retirement System (SERS) of Ohio

86

State Teachers Retirement System (STRS) of Ohio

88

Schedule of the District's Proportionate Share of the OPEB Liability

School Employees Retirement System (SERS) of Ohio

90

State Teachers Retirement System (STRS) of Ohio

91

Schedule of District OPEB Contributions:

School Employees Retirement System (SERS) of Ohio

92

State Teachers Retirement System (STRS) of Ohio

94

Notes to Required Supplementary Information

96

Supplementary Information

Combining Statements and Individual Fund Schedules

Description of Funds ? Major Funds

101

Schedule of Revenues, Expenditures and Changes in Fund

Balance ? Budget and Actual (Non-GAAP Budgetary

Basis) ?Building

102

Description of Funds ? Other Governmental Funds

103

Combining Balance Sheet ? Nonmajor Governmental Funds

106

Combining Statement of Revenues, Expenditures and

Changes in Fund Balances ? Nonmajor Governmental Funds

107

Combining Balance Sheet ? Other Governmental Funds

108

Combining Statement of Revenues, Expenditures and

Changes in Fund Balances ? Other Governmental Funds

112

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