Worthington City School District

Worthington City School District

Absolute Excellence

Comprehensive Annual Financial Report For the Fiscal Year Ending June 30, 2012

Worthington, Ohio

Exponential Impact

WORTHINGTON CITY SCHOOL DISTRICT

WORTHINGTON, OHIO

COMPREHENSIVE ANNUAL FINANCIAL REPORT

For Fiscal Year Ended June 30, 2012

Issued by:

Office of the Treasurer Jeffery S. McCuen Treasurer

Introductory Section

Absolute Excellence Exponential Impact

WORTHINGTON CITY SCHOOL DISTRICT

TABLE OF CONTENTS

INTRODUCTORY SECTION

Page

Table of Contents...............................................................................................i

Transmittal Letter ............................................................................................. ix

Elected Officials and Administrative Staff ....................................................... xv

Organizational Chart ...................................................................................... xvi

GFOA Certificate of Achievement ................................................................. xvii

FINANCIAL SECTION

Independent Accountants' Report .... ......................................................1

Management's Discussion and Analysis..................................................3

Basic Financial Statements:

Government?Wide Financial Statements

Statement of Net Assets .............................................................................14

Statement of Activities ................................................................................15

Fund Financial Statements

Balance Sheet ? Governmental Funds .......................................................16

Reconciliation of Total Governmental Fund Balances to Net Assets of Governmental Activities..... ...............................................17

Statement of Revenues, Expenditures and Changes in Fund Balances-- Governmental Funds ..................................................18

Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ............................................................................19

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WORTHINGTON CITY SCHOOL DISTRICT

TABLE OF CONTENTS, CONTINUED

Statement of Fund Net Assets ? Proprietary Funds ...................................20 Statement of Revenues, Expenses and Changes in Fund Net Assets ?

Proprietary Funds ...................................................................................21 Statement of Cash Flows--Proprietary Funds ...........................................22 Statement of Fiduciary Net Assets..............................................................23 Statement of Changes in Fiduciary Net Assets .........................................24 Notes to the Basic Financial Statements ....................................................25 Required Supplementary Information Budgetary Comparison Schedule - General Fund .....................................48 Notes to the Required Supplementary Information ....................................49 Supplemental Data Major Governmental Funds

Description of Funds ..............................................................................54 Schedule of Revenues,

Expenditures and Changes in Fund Balance ? Budget and Actual ?

Debt Service Fund ? Budget Basis .................................................55 Schedule of Revenues,

Expenditures and Changes in Fund Balance ? Budget and Actual ?

Building Fund ? Budget Basis ..........................................................55 Combining Statements Nonmajor Governmental Funds

Description of Funds ? Nonmajor Governmental Funds.........................56 Combining Balance Sheet ? Nonmajor Governmental Funds ................60

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