Annual Financial Report. Accuracy Certification Statement. For Fiscal Year Ending 6/30/2016. Pennsylvania Department of Education

Transcription

1 LEA Name : Philadelphia City SD Address : 440 North Broad Street Philadelphia, PA County: Philadelphia AUN Number: LEA Type: SD Annual Financial Report Accuracy Certification Statement For Fiscal Year Ending 6/30/2016 Pennsylvania Department of Education & Office of Comptroller Operations PDE-2056: Intermediate Unit PDE-2057: School District, AVTS/CTC, Charter School, and Special Program Jointure CERTIFICATION: By signing this page I agree that the electronic data submitted is a complete and accurate statement of the financial operations and status of the local education a.gency for ~e. fi... al year. It has been prepared in accordance with generally accepted,~!)jjl)tifg_ P, 'nciples and established Commonwealth of PA reporting guidelines. Page 1 /Vv, ''-J9~ 1 ( J II r ft) Chief School Administrator Signat re _/ Date 1 4 ' / -x ' I /0. ~ I// -cj9-/t B6"a"rd-Sec"retaiy Signatr Date Edward T Rogalski (215) Ext: Contact Person Contact Person Telephone Number erogalski@philasd.org (215) Contact Persori e.:mail Address ContactPerS611 F"a Nllrriber Printed 11/17/2016 3:14:17 PM

2 Document Accessibility If you have a disability and the format of any material on our web pages interferes with your ability to access the information or you have a question regarding the School District s website accessibility, please contact us via any of the following means for assistance: The School District of Philadelphia Office of Family and Community Engagement 440 N. Broad Street, Suite 114 Philadelphia, PA ask@philasd.org Tel: (215) Fax: (215) To help us respond in a manner most helpful to you, please indicate the nature of the accessibility problem, the web address of the requested material, your preferred format in which you want to receive the material (electronic format (ASCII, etc.), standard print, large print, etc.), and your contact information (name, , telephone, and physical mailing address).

3 Audit Certification Annual Financial Report: For Fiscal Year Ending 6/30/2016 (Pursuant to PA School Code Section 218(b)) LEA Name : Philadelphia City SD AUN Number : County : Philadelphia Audit Certification Due: 12/31/2016 This certification is applicable to: Orig. Annual Financial Report submitted to Comptroller Operations: Date Annual Financial Report revisions submitted on: Date Auditing Firm: Auditor Contact Name: Auditor Phone: Auditor CERTIFICATION: By signing this page I agree that the financial statements of the school have been properly audited as noted above pursuant to Article XXIV, and in the auditor's professional opinion, the Annual Financial Report (PDE-2057) submitted on the date referenced is materially consistent with the audited financial statements. Chief School Administrator Board Secretary Signature Date Signature Date Edward T Rogalski (215) Ext : Contact Person erogalski@philasd.org Contact Person Address Contact Person Telephone Number (215) Contact Person Fax Number Printed 11/30/2016 3:00:57 PM Page 2

4 Annual Financial Report - 06/30/2016 Fiscal Year End Validations Printed 11/30/2016 3:02:22 PM Page - 1 of 2 Val Number Description Justification NAG - Fund 10: Total Fund Balance must equal REG - Fund 10: Fund Balance - End of Year Inventory Reserve Adjustment of $183,348. No place to enter on expenditure schedule. Fund Bal (NAG), Fund10: $230,350, Fund Bal (REG), Fund 10: $230,533, NAG: Total Fund Balance must equal REG: Fund Balance - End of Year Fund Bal (NAG), Total: $247,197, Fund Bal (REG), Total: $247,381, Inventory Reserve Adjustment of $183,348, Fund 10. No place to enter on expenditure schedule No data has been reported for Federal IDEA revenue received as pass thru in revenue code Please correct or enter an explanation. The IDEA pass-thru revenue is reported on the AFR under the Philadelphia I.U. LEA. The Philadelphia School District LEA does not record the IDEA pass-thru revenue Revenue Detail: AFR amount must equal or exceed PDE FAI System amount. 6944, AFR Rev Detail: , PDE FAI System: $1,722, $1,722, was deducted on June 1, This was a refund of current year revenue and recorded as a contra-revenue, not an expenditure Revenue Detail: The PDE FAI System reflects payments for Revenue 7320 therefore the AFR amount reported in General Fund Revenue code 7320 must be greater than zero. The amount of $7,337, received on July 30, 2015, was accrued in fiscal year Expenditure Detail: AFR amount must equal or exceed PDE FAI System amount , AFR Exp Detail: , PDE FAI System: $1,937, $1,722, was deducted on June 1, This was a refund of current year revenue and recorded as a contra-revenue, not an expenditure SOIN: All Governmental Fund General Obligation Bonds must include an amount for Interest Paid during Fiscal Year. Correct data or enter a justification. The School District of Philadelphia has QZAB bonds that do not have an interest payment due until Fiscal Year SOIN: All Governmental Fund General Obligation Bonds must include an amount for Amount Due Within One Year (Principal and Interest). Correct data or enter a justification. The School District of Philadelphia has bonds that do not have a payment due within one year SOIN: All Governmental Fund Authority Building Obligations must include an amount for Amount Due Within One Year (Principal and Interest). Correct data or enter a justification. The School District of Philadelphia has QZAB bonds that do not have a payment due within one year. Page 3

5 Annual Financial Report - 06/30/2016 Fiscal Year End Validations Printed 11/30/2016 3:02:22 PM Page - 2 of SOIN: A Governmental Fund General Obligation Bond (CIB) contains entries for Justification: The bank, BONY, mistakenly paid both Debt at Beginning of Fiscal Year, and Additions During Fiscal Year. Correct dividends to the bond holders in FY data or enter a justification. Throughout FY 2016, BONY was able to recover most of these funds from the bondholders. This recovered amount is the "Additions" amount. Page 4

6 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Balance Sheet - Governmental Funds (NAG) Printed 11/30/2016 3:00:58 PM Page - 1 of 4 Amounts Expressed in Whole Dollars General Fund Public Purpose Trust Other Compt Approved Athletic / Activity Capital Reserve (690, (10) (27) (28) (29) 1850) (31) Assets And Deferred Outflows Of Resources Assets 0100 Cash and Cash Equivalents 363,331,025 4,216, Investments 0120 Taxes Receivable 174,235, Due From Other Funds 0141 Due From Other Governments 91,053, State Revenue Receivable 0143 Federal Revenue Receivable 0145 Other Intergovernmental Revenue Receivable 0146 Due from Primary Government 0147 Due from Component Unit 0150 Other Receivables 19,895, Inventories 1,022, Prepaid Expenses (Expenditures) 0190 Other Current Assets Total Assets $649,538,278 $4,216, Deferred Outflows of Resources Total Assets And Deferred Outflows Of Resources $649,538,278 $4,216,623 Page 5

7 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Balance Sheet - Governmental Funds (NAG) Printed 11/30/2016 3:00:58 PM Page - 2 of 4 Amounts Expressed in Whole Dollars Capital Reserve (1431) Other Capital Projects Debt Service Permanent Total Governmental (32) Fund (40) (90) Funds (39) Assets And Deferred Outflows Of Resources Assets 0100 Cash and Cash Equivalents 31,198,101 2,105, ,851, Investments 0120 Taxes Receivable 174,235, Due From Other Funds 0141 Due From Other Governments 817,060 91,870, State Revenue Receivable 0143 Federal Revenue Receivable 0145 Other Intergovernmental Revenue Receivable 0146 Due from Primary Government 0147 Due from Component Unit 0150 Other Receivables 19,895, Inventories 1,022, Prepaid Expenses (Expenditures) 0190 Other Current Assets Total Assets $32,015,161 $2,105,732 $687,875, Deferred Outflows of Resources Total Assets And Deferred Outflows Of Resources $32,015,161 $2,105,732 $687,875,794 Page 6

8 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Balance Sheet - Governmental Funds (NAG) Printed 11/30/2016 3:00:58 PM Page - 3 of 4 Amounts Expressed in Whole Dollars General Fund Public Purpose Trust Other Compt Approved Athletic / Activity Capital Reserve (690, (10) (27) (28) (29) 1850) (31) Liabilities And Deferred Inflows Of Resources And Fund Balances Liabilities 0400 Due to Other Funds 0411 Due to Other Governments 8,824, Due to Primary Government 0413 Due to Component Unit 0420 Accounts Payable 97,321,095 6, Contracts Payable 0440 Current Portion of Long-Term Debt 0450 Short-Term Payables 0461 Accrued Salaries and Benefits 96,956, Payroll Deductions and Withholding 0480 Unearned Revenues 59,873, Other Current Liabilities 6,335,763 Total Liabilities $269,311,026 $6, Deferred Inflows of Resources 149,876,639 Fund Balances 0810 Nonspendable Fund Balance 1,022,534 1,301, Restricted Fund Balance 142,049,432 2,908, Committed Fund Balance 0840 Assigned Fund Balance 801, Unassigned Fund Balance 86,477,579 Total Fund Balances $230,350,613 $4,209,913 Total Liabilities, Deferred Inflows Of Resources And Fund Balances $649,538,278 $4,216,623 Page 7

9 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Balance Sheet - Governmental Funds (NAG) Printed 11/30/2016 3:00:58 PM Page - 4 of 4 Amounts Expressed in Whole Dollars Capital Reserve (1431) Other Capital Projects Debt Service Permanent Total Governmental (32) Fund (40) (90) Funds (39) Liabilities And Deferred Inflows Of Resources And Fund Balances Liabilities 0400 Due to Other Funds 0411 Due to Other Governments 8,824, Due to Primary Government 0413 Due to Component Unit 0420 Accounts Payable 20,548, ,876, Contracts Payable 0440 Current Portion of Long-Term Debt 0450 Short-Term Payables 0461 Accrued Salaries and Benefits 471,661 97,428, Payroll Deductions and Withholding 0480 Unearned Revenues 59,873, Other Current Liabilities 6,335,763 Total Liabilities $21,020,138 $390 $290,338, Deferred Inflows of Resources 463, ,339,789 Fund Balances 0810 Nonspendable Fund Balance 1,365,405 3,689, Restricted Fund Balance 10,531, , ,229, Committed Fund Balance 0840 Assigned Fund Balance 801, Unassigned Fund Balance 86,477,579 Total Fund Balances $10,531,873 $2,105,342 $247,197,741 Total Liabilities, Deferred Inflows Of Resources And Fund Balances $32,015,161 $2,105,732 $687,875,794 Page 8

10 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds (REG) Printed 11/30/2016 3:01:05 PM Page - 1 of 4 Amounts Expressed in Whole Dollars General Fund (10) Public Purpose Trust (27) Other Compt Approved (28) Athletic / Activity (29) Capital Reserve (690, 1850) (31) Revenues 6000 Revenue from Local Sources 1,273,283,338 38, Revenue from State Sources 1,468,266, Revenue from Federal Sources 191,891,239 Total Revenues $2,933,441,288 $38,067 Expenditures 1000 Instruction 1,935,697, Support Services 614,902,676 24, Operation of Non-Instructional Services 15,091, Facilities Acquisition, Construction and Improvement Services 5110 Debt Service 116,038, Refund of Prior Year Revenues / Receipts 3,746, Short-Term Borrowing Interest and Costs Total Expenditures $2,685,476,275 $24,589 Excess (Deficiency) Of Revenues Over Expenditures $247,965,013 $13,478 Other Financing Sources (Uses) 9110 Face Value of Bonds Issued 9120 Proceeds from Refunding of Bonds 9130 Bond Premiums 9200 Proceeds from Extended-Term Financing 9300 Interfund Transfers - IN 518, Sale of or Compensation for Loss of Fixed Assets 5,711, Transfers from Component Units 9720 Transfers from Primary Governments 9910 Other Financing Sources Not Listed in the 9000 Series 9990 Insurance Recoveries 5120 Debt Service Refunded Bonds 137,082, Bond Discounts 5200 Interfund Transfers Out 9,851, Transfers Out to Component Units/Primary Governments Total Other Financing Sources (Uses) ($140,703,742) Page 9

11 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds (REG) Printed 11/30/2016 3:01:05 PM Page - 2 of 4 Revenues Amounts Expressed in Whole Dollars Capital Reserve (1431) (32) Other Capital Projects Fund (39) Debt Service (40) Permanent (90) Total Governmental Funds 6000 Revenue from Local Sources 2,253,903 4,127 1,275,579, Revenue from State Sources 1,034,417 1,469,301, Revenue from Federal Sources 191,891,239 Total Revenues $3,288,320 $4,127 $2,936,771,802 Expenditures 1000 Instruction 1,935,697, Support Services 1,024,642 8, ,960, Operation of Non-Instructional Services 15,091, Facilities Acquisition, Construction and Improvement Services 87,209,511 87,209, Debt Service 116,038, Refund of Prior Year Revenues / Receipts 384,729 4,131, Short-Term Borrowing Interest and Costs Total Expenditures $88,618,882 $8,900 $2,774,128,646 Excess (Deficiency) Of Revenues Over Expenditures ($85,330,562) ($4,773) $162,643,156 Other Financing Sources (Uses) 9110 Face Value of Bonds Issued 9120 Proceeds from Refunding of Bonds 1,008, ,960, ,968, Bond Premiums 9200 Proceeds from Extended-Term Financing 9300 Interfund Transfers - IN 518, Sale of or Compensation for Loss of Fixed Assets 789,866 6,501, Transfers from Component Units 9720 Transfers from Primary Governments 9910 Other Financing Sources Not Listed in the 9000 Series 9990 Insurance Recoveries 5120 Debt Service Refunded Bonds 349,730, ,813, Bond Discounts 5200 Interfund Transfers Out 229,051 10,080, Transfers Out to Component Units/Primary Governments Total Other Financing Sources (Uses) $1,798,081 $0 ($138,905,661) Page 10

12 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds (REG) Printed 11/30/2016 3:01:05 PM Page - 3 of 4 Amounts Expressed in Whole Dollars General Fund (10) Public Purpose Trust (27) Other Compt Approved (28) Athletic / Activity (29) Capital Reserve (690, 1850) (31) Special And Extraordinary Items 9920 Special Items Gains 9930 Extraordinary Items Gains 5520 Special Items Losses 5530 Extraordinary Items Losses Net Change In Fund Balances $107,261,271 $13,478 Fund Balance 0001 Fund Balance - Beginning of Fiscal Year 123,272,690 4,196,435 Fund Balance - End Of Year $230,533,961 $4,209,913 Page 11

13 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds (REG) Printed 11/30/2016 3:01:05 PM Page - 4 of 4 Amounts Expressed in Whole Dollars Capital Reserve (1431) (32) Other Capital Projects Fund (39) Debt Service (40) Permanent (90) Total Governmental Funds Special And Extraordinary Items 9920 Special Items Gains 9930 Extraordinary Items Gains 5520 Special Items Losses 5530 Extraordinary Items Losses Net Change In Fund Balances ($83,532,481) ($4,773) $23,737,495 Fund Balance 0001 Fund Balance - Beginning of Fiscal Year 94,064,354 2,110, ,643,594 Fund Balance - End Of Year $10,531,873 $2,105,342 $247,381,089 Page 12

14 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Net Position - Proprietary Funds (NAP) LEA : Philadelphia City SD Printed 11/30/2016 3:01:06 PM Page - 1 of 2 Amounts Expressed in Whole Dollars Assets And Deferred Outflows Of Resources Current Assets Food Service (51) Child Care Operations (52) Other Enterprise (58) TOTAL Internal Service (60) 0100 Cash and Cash Equivalents 12,253,147 47,243 12,300,390 6,771, Investments 0130 Due From Other Funds 0141 Due From Other Governments 7,765,638 21,496 7,787, State Revenue Receivable 0143 Federal Revenue Receivable 0146 Due from Primary Government 0147 Due from Component Unit 0150 Other Receivables 10,557 10, Inventories 814,656 31, , Prepaid Expenses (Expenditures) 0190 Other Current Assets 9,500,000 Total Current Assets $20,833,441 $111,102 $20,944,543 $16,271,601 Noncurrent Assets 0211 Land 0212 Site Improvements (Net) 0220 Buildings and Building Improvements (Net) 0230 Machinery, Equipment and Furniture (Net) 2,082,527 25,583 2,108, Construction in Progress 0260 Long Term Prepayments 0290 Other Noncurrent Assets Total Noncurrent Assets $2,082,527 $25,583 $2,108, Deferred Outflows of Resources 3,136,136 94,728 3,230,864 Total Assets And Deferred Outflows Of Resources $26,052,104 $231,413 $26,283,517 $16,271,601 Page 13

15 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Net Position - Proprietary Funds (NAP) Printed 11/30/2016 3:01:06 PM Page - 2 of 2 Amounts Expressed in Whole Dollars Liabilities And Deferred Inflows Of Resources And Net Position Current Liabilities 0400 Due to Other Funds 0411 Due to Other Governments 0413 Due to Component Unit Food Service (51) Child Care Operations (52) Other Enterprise (58) 0420 Accounts Payable 4,071,787 14,104 4,085, Contracts Payable 0440 Current Portion of Long-Term Debt 0450 Short-Term Payables 0461 Accrued Salaries and Benefits 1,408,081 47,204 1,455, Payroll Deductions and Withholding 0480 Unearned Revenues TOTAL Internal Service (60) 0490 Other Current Liabilities 227,508 78, ,366 17,956,000 Total Current Liabilities $5,707,376 $140,166 $5,847,542 $17,956,000 Noncurrent Liabilities 0510 Bonds Payable 0520 Extended-Term Financing Agreements Payable 0530 Lease-Purchase Obligations 0540 Accumulated Compensated Absences 1,960,824 31,589 1,992, Authority Lease Obligations 0560 Other Post-Employment Benefits (OPEB) 0570 Net Pension Liability 43,967,729 1,328,054 45,295, Other Long-Term Liabilities 789, ,891 Total Noncurrent Liabilities $46,718,444 $1,359,643 $48,078,087 Total Liabilities $52,425,820 $1,499,809 $53,925,629 $17,956, Deferred Inflows of Resources 6,541, ,594 6,739,355 Net Position 0791 Invested in Capital Assets, Net of Related Debt 2,082,527 25,583 2,108, Restricted Net Position ( ) 9,500, Unrestricted Net Position (34,998,004) (1,491,573) (36,489,577) (11,184,399) Total Net Position ($32,915,477) ($1,465,990) ($34,381,467) ($1,684,399) Total Liabilities And Deferred Inflows Of Resources And Net Position $26,052,104 $231,413 $26,283,517 $16,271,601 Page 14

16 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Revenues, Expenses, and Changes in Fund Net Position - Proprietary Funds (REP) Printed 11/30/2016 3:01:08 PM Page - 1 of 2 Operating Revenues Amounts Expressed in Whole Dollars Food Service (51) Child Care Operations (52) Other Enterprise (58) 6600 Food Service Revenue 162, ,741 TOTAL Internal Service (60) 0071 Charges for Services 539, , ,487, Other Operating Revenue Total Operating Revenues $162,741 $539,435 $702,176 $176,487,566 Operating Expenses 17,178, ,139 17,579,076 12,597, ,553 12,844, Purchased Professional and Technical Services 400 Purchased Property Services 500 Other Purchased Services 42,302,165 42,302, ,624, Supplies 740 Depreciation 334,815 7, , Dues and Fees 890 Miscellaneous Expenditures 3,022, ,916 3,352, ,000 Total Operating Expenses $75,435,850 $984,203 $76,420,053 $171,874,965 Operating Income (Loss) ($75,273,109) ($444,768) ($75,717,877) $4,612,601 Non Operating Revenues (Expenses) 6500 Earnings on Investments 6920 Contributions and Donations from Private Sources 6930 Gains or Losses on Sale of Fixed Assets 33,018 33, Refunds of a Prior Year Expenditure 7000 Revenue from State Sources 7,080,680 92,923 7,173, Revenue from Federal Sources 79,478,284 79,478, Claims and Judgments Against the LEA 830 Interest TOTAL Non Operating Revenues (Expenses) $86,591,982 $92,923 $86,684,905 Income (Loss) Before Contributions And Transfers $11,318,873 ($351,845) $10,967,028 $4,612,601 Page 15

17 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Revenues, Expenses, and Changes in Fund Net Position - Proprietary Funds (REP) Printed 11/30/2016 3:01:08 PM Page - 2 of 2 Amounts Expressed in Whole Dollars Contributions, Transfers, and Special and Extraordinary Items Food Service (51) Child Care Operations (52) Other Enterprise (58) TOTAL Internal Service (60) 5200 Interfund Transfers Out 289, , Transfers Out to Component Units/Primary Governments 5520 Special Items Losses 5530 Extraordinary Items Losses 9300 Interfund Transfers - IN 351, ,845 9,500, Capital Contributions 409, , Transfers IN From Component Units/Primary Governments 9920 Special Items Gains 9930 Extraordinary Items Gains Change In Net Position $11,439,381 $11,439,381 $14,112, Net Position - Beginning of Fiscal Year (44,354,858) (44,354,858) (15,797,000) 0003 Accounting Changes / Residual Equity Transfers (1,465,990) (1,465,990) Net Position - End Of Year ($32,915,477) ($1,465,990) ($34,381,467) ($1,684,399) Page 16

18 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Cash Flows - Proprietary Funds (CFP) LEA : Philadelphia City SD Printed 11/30/2016 3:01:15 PM Page - 1 of 3 Amounts Expressed in Whole Dollars Cash Flows From Operating Activities Food Service (51) Child Care Operations (52) Other Enterprise (58) TOTAL Internal Service(60) 0011 Cash Receipts From Users 162, , , ,487, Cash Receipts From Assessments Made to Other Funds 0013 Cash Receipts From Earnings on Investments 0014 Cash Receipts From Other Operating Revenue 0015 Cash Payments To Employees For Services 30,238, ,877 30,919, Cash Payments For Insurance Claims 0017 Cash Payments To Suppliers For Goods and Services 36,836,461 36,836, , Cash Payments For Other Operating Expenses 5,680, ,153 6,048, ,465,965 Net Cash Provided By (Used For) Operating Activities ($72,592,529) ($436,042) ($73,028,571) $6,771,601 Cash Flows From Non-Capital Financing Activities 0021 Receipts From Local Sources Receipts From State Sources ,080,680 71,417 7,152, Receipts From Federal Sources ,990,367 21,506 73,011, Notes and Loans Received (Repaid) 0025 Interest Paid on Notes/Loans Operating Transfers In (Out)/Residual Equity Trans (289,461) 351,845 62, Operating Transfers In (Out) Primary Government / Comp Unit 0028 Receipts From Refund of Prior Year Expenditures Special and Extraordinary Gains (losses) Net Cash Prov By (Used for) Non-Capital Financing Activities $79,781,586 $444,768 $80,226,354 Cash Flows From Capital and Related Financing Activities 0031 Payments For Fac Acq, Const, and Imp (298,186) (2,565) (300,751) 0032 Gain / (Loss) on Sale of Fixed Assets Proceeds From Extended Term Financing Principal Paid on Financing Agreements 0035 Interest Paid on Financing Agreements (Inc) Dec in Contributed Capital Net Cash Prov By (Used for) Capital and Related Financing Activities ($298,186) ($2,565) ($300,751) Cash Flows From Investing Activities 0041 Earnings on Investments Purchase of Inv Securities / Deposits to Inv Pools 0043 Receipts From Investment Pool Withdrawals 0044 Proceeds from Sale and Maturity of Inv Securities 0045 Loans Received (Paid) Net Cash Prov By (Used for) Investing Activities Page 17

19 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Printed 11/30/2016 3:01:15 PM Statement of Cash Flows - Proprietary Funds (CFP) Page - 2 of 3 Food Service (51) Child Care Operations (52) Other Enterprise (58) TOTAL Internal Service (60) Net Increase (Decrease) in Cash Flows 6,890,871 6,161 6,897,032 6,771, Cash and Cash Equivalents Beginning of Year 5,362,276 41,082 5,403,358 Cash and Cash Equivalents at Year End $12,253,147 $47,243 $12,300,390 $6,771,601 Reconciliation of Operating Income (Loss) To Net Cash Provided by (Used For) Operating Activities 0005 Operating Income (Loss) per REP (75,273,109) (444,768) (75,717,877) 4,612,601 Adjustments 0051 Depreciation and Net Amortization 334,815 7, , Provision for Uncollectible Accounts 0053 Other Adjustments 5,053,828 5,053,828 Effect of Changes in Assets, Liabilities, Deferred Outflows and Deferred Inflows 0054 (Inc) Dec In Accounts Receivable ( ) (8,412) (8,412) 0055 Advances to Other Funds (0160) 0056 (Inc) Dec in Inventories (0170) 555,810 (4,379) 551, (Inc) Dec in Prepaid Expenses (0180) 0058 (Inc) Dec in Other Current or Noncurrent Assets 73,553 73, Deferred Outflows (0910) (528,880) (15,975) (544,855) 0059 Inc (Dec) in Accounts Payable ( ) (143,933) (25,446) (169,379) 0060 Inc (Dec) in Accrued Salaries/Benefits (0461) 491,530 13, , Inc (Dec) in Net Pension Liabilities (0570) 841,331 25, , Inc (Dec) in Other Postemp Benefit Oblig (0560) 0061 Inc (Dec) in Payroll Deductions/Withholding (0462) 0062 Inc (Dec) in Unearned Revenue (0480) 0063 Inc (Dec) in Other Current or Noncurrent Liabilities (2,465,829) (13,403) (2,479,232) 2,159, Deferred Inflows (0950) (1,458,092) (44,042) (1,502,134) Total Adjustments $2,680,580 $8,726 $2,689,306 $2,159,000 Cash Provided By (Used for) Total ($72,592,529) ($436,042) ($73,028,571) $6,771,601 Page 18

20 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Cash Flows - Proprietary Funds (CFP) Printed 11/30/2016 3:01:15 PM Page - 3 of 3 COMBINED STATEMENT OF CASH FLOWS SCHEDULE OF NONCASH INVESTING, CAPITAL, AND FINANCING ACTIVITIES Explanation of Transaction and Balance Sheet Effect Amount Donated Commodities 5,053,828 Federal and State Grant Revenue not yet received - Food Service 7,765,638 Federal and State Grant Revenue not yet received - Print Shop 21,496 Total $12,840,962 Page 19

21 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Net Position - Fiduciary Funds (NAF) LEA : Philadelphia City SD Printed 11/30/2016 3:01:16 PM Page - 1 of 4 Amounts Expressed in Whole Dollars Private Purpose Trust Investment Trust Pension Trust Activity (71) (72) (73) (81) Assets And Deferred Outflows Of Resources Assets 0100 Cash and Cash Equivalents 738, Investments 200, Due From Other Funds 0147 Due from Component Unit 0150 Other Receivables Inventories 0180 Prepaid Expenses (Expenditures) 0190 Other Current Assets 0220 Buildings and Building Improvements (Net) 0230 Machinery, Equipment and Furniture (Net) Total Assets $938, Deferred Outflows of Resources Total Assets And Deferred Outflows Of Resources $938,369 Page 20

22 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Net Position - Fiduciary Funds (NAF) LEA : Philadelphia City SD Printed 11/30/2016 3:01:16 PM Page - 2 of 4 Amounts Expressed in Whole Dollars Other Agency Discrete Component Units Discrete Component Units Total Fiduciary Funds (89) (98) (99) Assets And Deferred Outflows Of Resources Assets 0100 Cash and Cash Equivalents 90,603,691 91,341, Investments 200, Due From Other Funds 0147 Due from Component Unit 0150 Other Receivables 13,520 13, Inventories 0180 Prepaid Expenses (Expenditures) 0190 Other Current Assets 0220 Buildings and Building Improvements (Net) 0230 Machinery, Equipment and Furniture (Net) Total Assets $90,617, Deferred Outflows of Resources Total Assets And Deferred Outflows Of Resources $90,617,211 $91,555,580 $91,555,580 Page 21

23 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Net Position - Fiduciary Funds (NAF) LEA : Philadelphia City SD Printed 11/30/2016 3:01:16 PM Page - 3 of 4 Amounts Expressed in Whole Dollars Private Purpose Trust Investment Trust Pension Trust Activity (71) (72) (73) (81) Liabilities, Deferred Inflows Of Resources And Net Position Liabilities 0400 Due to Other Funds 0411 Due to Other Governments 0412 Due to Primary Government 0413 Due to Component Unit 0420 Accounts Payable 0430 Contracts Payable 0450 Short-Term Payables 0461 Accrued Salaries and Benefits 0462 Payroll Deductions and Withholding 0480 Unearned Revenues 0490 Other Current Liabilities Total Liabilities 0950 Deferred Inflows of Resources Net Position 0791 Invested in Capital Assets, Net of Related Debt 0009 Restricted Net Position ( ) 938, Unrestricted Net Position Total Net Position $938,369 Total Liabilities, Deferred Inflows Of Resources And Net Position $938,369 Page 22

24 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Statement of Net Position - Fiduciary Funds (NAF) LEA : Philadelphia City SD Printed 11/30/2016 3:01:16 PM Page - 4 of 4 Amounts Expressed in Whole Dollars Other Agency Discrete Component Units Discrete Component Units Total Fiduciary Funds (89) (98) (99) Liabilities, Deferred Inflows Of Resources And Net Position Liabilities 0400 Due to Other Funds 5,017,610 5,017, Due to Other Governments 0412 Due to Primary Government 0413 Due to Component Unit 0420 Accounts Payable 0430 Contracts Payable 0450 Short-Term Payables 0461 Accrued Salaries and Benefits 0462 Payroll Deductions and Withholding 85,348,394 85,348, Unearned Revenues 0490 Other Current Liabilities 251, ,207 Total Liabilities $90,617, Deferred Inflows of Resources Net Position 0791 Invested in Capital Assets, Net of Related Debt $90,617, Restricted Net Position ( ) 938, Unrestricted Net Position Total Net Position Total Liabilities, Deferred Inflows Of Resources And Net Position $938,369 $90,617,211 $91,555,580 Page 23

25 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Printed 11/30/2016 3:01:17 PM Statement of Changes in Net Position - Fiduciary Funds (CNAF) Page - 1 of 1 Additions Amounts Expressed in Whole Dollars Private Purpose Trust (71) Investment Trust (72) Pension Trust (73) Discrete Component Units (98) Discrete Component Units (99) Total Fiduciary Funds 0091 Gifts and Contributions 360, , Other Additions 1,832 1,832 Deductions 0093 Scholarships Awarded 330, , Other Deductions Change In Net Position $32,211 $32, Net Position Beginning of Fiscal Year 906, , Net Position Held in Trust for Pension Benefits Net Position - End of Fiscal Year $938,369 $938,369 Page 24

26 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of General Fund Revenues and Other Financing Sources - (REV) Printed 11/30/2016 3:01:18 PM Page - 1 of 4 Revenue Reported In Current Year Current Year Tax Accrual Prior Year Tax Accrual Taxes Collected In Current Year Revenue from Local Sources 6111 Current Real Estate Taxes 633,998, ,831, ,815, ,982, Public Utility Realty Taxes 1,043, ,043, Payments in Lieu of Current Taxes - State / Local 4, , Current 1st Class SD Liquor Sales Tax 58,763, ,162, ,410, ,012, Current 1st Class SD Cigarette Tax 58,766, ,104, ,296, ,957, Current 1st Class SD Sales and Use Tax 120,000, ,329, ,329, Current 1st Class SD Business Use and Occupancy Taxes 130,575, , ,976, ,572, Current 1st Class SD Non-Business Income Taxes 33,905, , , ,946, Delinquent Real Estate Taxes 63,541, ,425, ,741, ,857, Delinquent 1st Class SD Liquor Sales Taxes 7,067, , , ,893, Delinquent 1st Class SD Business Use and Occupancy Taxes 6,758, , ,541, ,365, Delinquent 1st Class SD Non-Business Income Taxes 6,438, , , ,335, Earnings on Investments 3,328, Revenues from LEA Activities 137, Revenue from Local Governmental Units 15,089, Rentals 6, Contributions and Donations from Private Sources 100, Regular Day School Tuition 114, Services Provided Other Funds 13, Refunds of a Prior Year Expenditure 9,922, Other Revenues Not Specified Above 123,707, TOTAL Revenue from Local Sources $1,273,283, $36,230, $45,667, $1,130,300, Page 25

27 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of General Fund Revenues and Other Financing Sources - (REV) Printed 11/30/2016 3:01:18 PM Page - 2 of 4 Revenue from State Sources Revenue Reported In Current Year 7110 Basic Education Funding 1,019,962, Tuition for Orphans Subsidy 658, Vocational Education 3, Special Education funds for School-Aged Pupils 135,435, Pre-K Counts 24,522, Program Revenues Not Listed Previously in the 7200 Series 13,367, Pupil Transportation Subsidy 44,943, Nonpublic and Charter School Pupil Transportation Subsidy 20,763, Ready to Learn Block Grant 40,368, Supplemental Equipment Grants 54, Other State Revenue Not Listed Elsewhere in the 7000 Series 487, State Share of Social Security and Medicare Taxes 35,006, State Share of Retirement Contributions 132,693, TOTAL Revenue from State Sources $1,468,266, Page 26

28 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of General Fund Revenues and Other Financing Sources - (REV) Printed 11/30/2016 3:01:18 PM Page - 3 of 4 Revenue from Federal Sources Revenue Reported In Current Year 8110 Payments for Federally Impacted Areas 228, Other Restricted Federal Grants-in-Aid Directly from the Federal Government 48,279, NCLB, Title I - Improving the Academic Achievement of the Disadvantaged 112,879, NCLB, Title II - Preparing, Training and Recruiting High Quality Teachers and Principals 6,723, NCLB, Title III - Language Instruction for Limited English Proficient and Immigrant Students 3,246, Vocational Education - Operating Expenditures 4,256, Nutrition Education and Training 2,762, Homeless Assistance Act 299, Other Restricted Federal Grants-in-Aid Through the Commonwealth of PA 1,369, ARRA - Build America Bonds 4,620, ARRA - Qualified School Construction Bonds (QSCB) 6,537, Medical Assistance Reimbursement for Administrative Claiming (Quarterly) Program 689, TOTAL Revenue from Federal Sources $191,891, Page 27

29 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of General Fund Revenues and Other Financing Sources - (REV) Printed 11/30/2016 3:01:18 PM Page - 4 of 4 Other Financing Sources Revenue Reported In Current Year 9340 Debt Service Fund Transfers 229, Enterprise Fund Transfers 289, Sale of or Compensation for Loss of Fixed Assets 5,711, TOTAL Other Financing Sources $6,230, TOTAL FROM ALL SOURCES $2,939,671, $36,230, $45,667, $1,130,300, Page 28

30 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Summary of General Fund Revenues and Other Financing Sources - (REVS) Printed 11/30/2016 3:01:19 PM Page - 1 of 1 Revenue from Local Sources 1,273,283, Revenue from State Sources 1,468,266, Revenue from Federal Sources 191,891, Other Financing Sources 6,230, TOTAL FROM ALL SOURCES $2,939,671, Page 29

31 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of Governmental Fund Expenditures and Other Financing Uses - (EXP) Printed 11/30/2016 3:01:21 PM Page - 1 of Instruction Total 482,401, Total Personnel Services Salaries $482,401, Social Security Contributions 36,900, PSERS Retirement Contributions 122,269, Tuition Reimbursement 45, Unemployment Compensation 1,776, Workers Compensation 15,719, Group Insurance Self-Insurance 93,892, Other Current Employee Benefits 49,087, Total Personnel Services Employee Benefits $319,691, Purchased Professional and Technical Services 322 Professional Educational Services Ius 232,662, Professional Educational Services Other 26,597, Other Professional Services 9,424, Other Purchased Professional and Technical Services 2, Total Purchased Professional and Technical Services $268,686, Purchased Property Services 410 Cleaning Services Repairs and Maintenance Services 40, Rentals 135, Total Purchased Property Services $175, Other Purchased Services 510 Student Transportation Services 49, Communications 70, Printing and Binding 125, Tuition To Other School Districts Within the State 29,737, Tuition To Pennsylvania Charter Schools 711,273, Tuition To Career and Technology Centers 22,685, Tuition To Approved Private Schools (APS) and PA Chartered Schools for the Deaf and Blind 13,168, Tuition To Private Residential Rehabilitative Institutions (PRRI) [In-State] and Detention Centers 10,129, Tuition Other 16, Travel 266, Services Purchased Locally 7, IU Payment By Withholding for Institutionalized Children s Programs Special Classes 74, Total Other Purchased Services $787,605, Supplies 610 General Supplies 5,389, Energy 31, Books and Periodicals 13,375, Total Supplies $18,797, Page 30

32 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of Governmental Fund Expenditures and Other Financing Uses - (EXP) Printed 11/30/2016 3:01:21 PM Page - 2 of Instruction Total 700 Property 750 Equipment Original and Additional 14, Equipment Replacement 11,541, Total Property $11,555, Other Objects 890 Miscellaneous Expenditures 46,782, Total Other Objects $46,782, Total 1000 Instruction $1,935,697, Page 31

33 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of Governmental Fund Expenditures and Other Financing Uses - (EXP) Printed 11/30/2016 3:01:21 PM Page - 3 of Regular Programs Elementary / Secondary Elementary Secondary Federal Total 272,393, ,417, ,452, ,263, Total Personnel Services Salaries $272,393, $136,417, $39,452, $448,263, Social Security Contributions 20,846, ,420, ,025, ,292, PSERS Retirement Contributions 69,159, ,606, ,891, ,656, Tuition Reimbursement 18, , , , Unemployment Compensation 987, , , ,683, Workers Compensation 8,902, ,311, ,311, ,524, Group Insurance Self-Insurance 54,172, ,099, ,380, ,653, Other Current Employee Benefits 27,475, ,305, ,690, ,471, Total Personnel Services Employee Benefits $181,562, $88,308, $26,445, $296,316, Purchased Professional and Technical Services 329 Professional Educational Services Other 647, , ,059, ,253, Other Professional Services 5,226, ,782, , ,081, Other Purchased Professional and Technical Services 1, , Total Purchased Professional and Technical Services $5,876, $4,328, $3,132, $13,336, Purchased Property Services 410 Cleaning Services Repairs and Maintenance Services 6, , , Rentals 55, , , Total Purchased Property Services $61, $86, $148, Other Purchased Services 510 Student Transportation Services 9, , , , Communications 15, , , Printing and Binding 43, , , , Tuition To Other School Districts Within the State 2,232, ,744, ,977, Tuition To Pennsylvania Charter Schools 270,800, ,134, ,935, Travel 24, , , , Services Purchased Locally 3, , Total Other Purchased Services $273,127, $178,002, $24, $451,154, Supplies 610 General Supplies 2,938, ,651, , ,941, Energy 17, , , Books and Periodicals 4,085, ,690, ,621, ,397, Total Supplies $7,041, $3,353, $6,973, $17,368, Property 760 Equipment Replacement 3,860, ,697, ,090, ,648, Total Property $3,860, $1,697, $5,090, $10,648, Other Objects 890 Miscellaneous Expenditures 37, , Page 32

34 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of Governmental Fund Expenditures and Other Financing Uses - (EXP) Printed 11/30/2016 3:01:21 PM Page - 4 of Regular Programs Elementary / Secondary Elementary Secondary Federal Total Total Other Objects $37, $37, Total 1100 Regular Programs Elementary / Secondary $743,921, $412,193, $81,156, $1,237,272, Page 33

35 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of Governmental Fund Expenditures and Other Financing Uses - (EXP) Printed 11/30/2016 3:01:21 PM Page - 5 of Regular Programs Elementary Secondary Federal Total 272,393, ,417, ,037, ,848, Total Personnel Services Salaries $272,393, $136,417, $37,037, $445,848, Social Security Contributions 20,846, ,420, ,839, ,106, PSERS Retirement Contributions 69,159, ,606, ,283, ,049, Tuition Reimbursement 18, , , Unemployment Compensation 987, , , ,677, Workers Compensation 8,902, ,311, ,226, ,439, Group Insurance Self-Insurance 54,172, ,099, ,001, ,273, Other Current Employee Benefits 27,475, ,305, ,219, ,000, Total Personnel Services Employee Benefits $181,562, $88,308, $24,708, $294,579, Purchased Professional and Technical Services 329 Professional Educational Services Other 647, , ,049, ,242, Other Professional Services 5,226, ,782, , ,046, Other Purchased Professional and Technical Services 1, , Total Purchased Professional and Technical Services $5,876, $4,328, $3,086, $13,291, Purchased Property Services 410 Cleaning Services Repairs and Maintenance Services 6, , , Rentals 55, , , Total Purchased Property Services $61, $86, $148, Other Purchased Services 510 Student Transportation Services 9, , , , Communications 15, , , Printing and Binding 43, , , , Tuition To Other School Districts Within the State 2,232, ,744, ,977, Tuition To Pennsylvania Charter Schools 270,800, ,134, ,935, Travel 24, , , , Services Purchased Locally 3, , Total Other Purchased Services $273,127, $178,002, $24, $451,154, Supplies 610 General Supplies 2,938, ,651, , ,934, Energy 17, , , Books and Periodicals 4,085, ,690, ,468, ,244, Total Supplies $7,041, $3,353, $6,813, $17,208, Property 760 Equipment Replacement 3,860, ,697, ,819, ,377, Total Property $3,860, $1,697, $4,819, $10,377, Other Objects 890 Miscellaneous Expenditures 37, , Page 34

36 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of Governmental Fund Expenditures and Other Financing Uses - (EXP) Printed 11/30/2016 3:01:21 PM Page - 6 of Regular Programs Elementary Secondary Federal Total Total Other Objects $37, $37, Total 1110 Regular Programs $743,921, $412,193, $76,528, $1,232,644, Page 35

37 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of Governmental Fund Expenditures and Other Financing Uses - (EXP) Printed 11/30/2016 3:01:21 PM Page - 7 of Early Intervening Services Elementary Secondary Federal Total 2,415, ,415, Total Personnel Services Salaries $2,415, $2,415, Social Security Contributions 185, , PSERS Retirement Contributions 607, , Tuition Reimbursement 1, , Unemployment Compensation 6, , Workers Compensation 85, , Group Insurance Self-Insurance 379, , Other Current Employee Benefits 470, , Total Personnel Services Employee Benefits $1,737, $1,737, Purchased Professional and Technical Services 329 Professional Educational Services Other 10, , Other Professional Services 35, , Total Purchased Professional and Technical Services $45, $45, Supplies 610 General Supplies 7, , Books and Periodicals 152, , Total Supplies $160, $160, Property 760 Equipment Replacement 270, , Total Property $270, $270, Total 1140 Early Intervening Services $4,628, $4,628, Page 36

38 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of Governmental Fund Expenditures and Other Financing Uses - (EXP) Printed 11/30/2016 3:01:21 PM Page - 8 of Special Programs Elementary / Secondary Elementary Secondary Federal Total 48, , , , Total Personnel Services Salaries $48, $300, $43, $392, Social Security Contributions 3, , , , PSERS Retirement Contributions 12, , , , Tuition Reimbursement Unemployment Compensation , Workers Compensation 1, , , , Group Insurance Self-Insurance 5, , , , Other Current Employee Benefits 5, , , , Total Personnel Services Employee Benefits $29, $185, $32, $247, Purchased Professional and Technical Services 322 Professional Educational Services Ius 107,521, ,141, ,662, Professional Educational Services Other 104, , Other Professional Services 181, , Total Purchased Professional and Technical Services $107,521, $125,427, $232,948, Other Purchased Services 530 Communications 1, , Printing and Binding Tuition To Other School Districts Within the State 7,214, ,330, ,545, Tuition To Pennsylvania Charter Schools 163,076, ,262, ,338, Tuition To Approved Private Schools (APS) and PA Chartered Schools for the Deaf and Blind 4,213, ,954, ,168, Travel 57, , IU Payment By Withholding for Institutionalized Children s Programs Special Classes 23, , , Total Other Purchased Services $174,528, $128,657, $303,185, Supplies 640 Books and Periodicals 35, , Total Supplies $35, $35, Total 1200 Special Programs Elementary / Secondary $282,127, $254,605, $75, $536,809, Page 37

39 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of Governmental Fund Expenditures and Other Financing Uses - (EXP) Printed 11/30/2016 3:01:21 PM Page - 9 of Emotional Support Elementary Secondary Federal Total 43, , Total Personnel Services Salaries $43, $43, Social Security Contributions 3, , PSERS Retirement Contributions 11, , Tuition Reimbursement Unemployment Compensation Workers Compensation 1, , Group Insurance Self-Insurance 12, , Other Current Employee Benefits 4, , Total Personnel Services Employee Benefits $32, $32, Total 1230 Emotional Support $75, $75, Page 38

40 PDE-2057 Annual Financial Report - 06/30/2016 Fiscal Year End Detail of Governmental Fund Expenditures and Other Financing Uses - (EXP) Printed 11/30/2016 3:01:21 PM Page - 10 of Academic Support Elementary Secondary Federal Total 48, , , Total Personnel Services Salaries $48, $300, $349, Social Security Contributions 3, , , PSERS Retirement Contributions 12, , , Tuition Reimbursement Unemployment Compensation Workers Compensation 1, , , Group Insurance Self-Insurance 5, , , Other Current Employee Benefits 5, , , Total Personnel Services Employee Benefits $29, $185, $214, Purchased Professional and Technical Services 329 Professional Educational Services Other 104, , Other Professional Services 181, , Total Purchased Professional and Technical Services $285, $285, Other Purchased Services 530 Communications 1, , Printing and Binding Travel 57, , Total Other Purchased Services $59, $59, Supplies 640 Books and Periodicals 35, , Total Supplies $35, $35, Total 1240 Academic Support $77, $866, $944, Page 39