Annual Financial Report Data

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Annual Financial Report Data For the Year Ended August 31, 2014 Charter School CDN and Name 015802 GEORGE GERVIN ACADEMY Preparer Contact Information Name Frances Boynes Phone 2108041786 Title CFO

1 Annual Financial Report Data For the Year Ended August 31, 2014 Charter School CDN and Name GEORGE GERVIN ACADEMY Preparer Contact Information Name Frances Boynes Phone Title CFO Name Title Phone Name Title Phone Each year, charter schools, education service centers (ESCs), and school districts must have an Annual Financial and Compliance Report (AFR) prepared by an independent auditor. Charter schools, ESCs, and school districts must submit a copy of the AFR in electronic format to the Texas Education Agency (TEA) no later than 150 days after the close of their respective fiscal year. The AFR electronic submission consists of two parts with the first being the submission of an Adobe Acrobat Portable Document Format (PDF) file. The second part for charter schools is the submission of this Annual Financial and Compliance Report Data Template file. Under the Texas Education Code (TEC), , the AFR is due not later than the 150 th day after the end of the fiscal year. AFRs with the fiscal year ended: June 30 are due November 27

2 August 31 are due January 28

3 Enter amounts in the unshaded areas only. [1] Enter the information for the charter holder and charter school as indicated in the Annual Financial and Compliance Report (AFR). Please note that the shaded blue areas automatically calculate and populate the totals after you enter the individual amounts. You may use the validation tests to ensure that the totals agree with the amounts in the AFR. Note: If the totals do not agree, please provide an explanation for the variance. Charter Holder Information Charter Holder Name GEORGE GERVIN YOUTH CENTER, INC. Charter Holder FEIN Charter Holder Debt $ 15,163,970 Charter Holder Cash on Hand $ 2,470,367 Charter Holder Federal Revenue $ 1,507,356 Difference Explanation* $ 7,118 See Notes to Schedule of Expenditures of Federal Awards at page 29 Charter Holder Federal Expenditures $ 1,500,238 Single Audit is Required per OMB A133 Is there a modified opinion, an adverse opinion, or an opinion disclaimed in the Charter Holder's AFR because of a scope limitation? Did the notes to the financial statements indicate any nonpayment of debt for the Charter Holder or Charter School? No No Comments

5 Enter amounts in the unshaded areas only. [1] Enter the audited amount of current assets and other assets. [2] Enter the audited amount of current liabilities, longterm liabilities, and net assets. Please note that the shaded blue areas automatically calculate and populate the totals after you enter the individual amounts. You may use the validation tests to ensure that the totals agree with the amounts in the Annual Financial and Compliance Report. Note: If the totals do not agree, please provide an explanation for the variance. Statement of Financial Position Validation Tests Total (Unrestricted & Total Stated on AFR Variance Explanation for Variance ASSETS Restricted) Current Assets Cash and Cash Equivalents $ 633,967 Restricted Cash & Cash Equivalents Accounts Receivable $ 51,132 Investments $ 61,418 Due from Other Funds $ Prepaid Expenses $ 3,168 Other Current Assets $ 4,100 Total Current Assets $ 753,785 $ 753,785 $ Other Assets Property and Equipment Land Buildings and Improvements $ 481,265 Vehicles $ 107,230 Furniture and Equipment $ 273,996 Accumulated Depreciation $ (647,985) Enter as negative # Total Property and Equipment (Net) $ 214,506 $ 214,506 $ Deposits Bond Issuance Costs Other Deferred Expenses Other Noncurrent Assets Total Other Assets $ 214,506 $ 214,506 $ Total Assets $ 968,291 $ 968,291 $ LIABILITIES AND NET ASSETS Liabilities Current Liabilities Accounts Payable $ 112,886 Accrued Wages Payable $ 197,376 Accrued Interest Payable Other Accrued Liabilities Deferred Revenue Payroll Withholdings Payable Due to Other Funds Notes Payable Current Maturities Bonds Payable Current Maturities Other Current Liabilities $ 23,265 Total Current Liabilities $ 333,527 $ 333,527 $ Longterm Liabilities Notes Payable Longterm Bonds Payable Longterm Other Longterm Liabilities Total Longterm Liabilities $ Total Liabilities $ 333,527 $ 333,527 $ Net Assets Unrestricted $ 634,764 Temporarily Restricted $ Permanently Restricted Total Net Assets $ 634,764 $ 634,764 $ Total Liabilities and Net Assets $ 968,291 $ 968,291 $ Comments

6 Enter amounts in unshaded areas only. [1] Enter the amount of local, state, and federal revenue. [2] Enter the amount of current liabilities, longterm liabilities, and net assets. [3] Enter the amount of net assets released from restrictions. [4] Enter the amount of expenses. [5] Enter the net assets at beginning of year and any restatement or adjustments. Please note that the shaded blue areas automatically calculate and populate the totals after you enter the individual amounts. You may use the validation tests to ensure that the totals agree with the amounts in the Annual Financial and Compliance Report. Note: If the totals do not agree, please provide an explanation for the variance. Statement of Activities Validation Tests UNRESTRICTED TEMPORARILY RESTRICTED PERMANENTLY RESTRICTED TOTAL REVENUE Total Stated on AFR Variance Explanation for Variance Local Revenue 5710 Taxes Passed Through by Districts $ 5720 Services Rendered to Other Schools $ 5740 Other Local Revenue $ 369,577 $ 369, Food Service, Cocurricular, & Enterprising $ 45,305 $ 45, Intermediate Sources $ 3,116 $ 3,116 Total Local Revenue $ 417,998 $ 417,998 $ 417,998 $ State Program Revenue 5810 Foundation School Program $ 7,343,350 $ 7,343, Other State Revenue (TEA) $ 56,831 $ 56, Other State Revenue (NonTEA) $ Total State Revenue $ 7,400,181 $ 7,400,181 $ 7,400,181 $ Federal Program Revenue Pass through NonState or Federal Agency 5910 Federal Revenue $ Pass through TEA 5920 Federal Revenue $ 941,516 $ 941,516 Pass through Other Agencies 5930 Federal Revenue $ Directly from the Federal Government 5940 Federal Revenue $ Total Federal Revenue $ 941,516 $ 941,516 $ 941,516 $ Net Assets Released from Restrictions Revenue Expended for Operations $ 8,341,697 $ (8,341,697) $ Other Restrictions $ Total Net Assets Released from Restrictions $ 8,341,697 $ (8,341,697) $ Total Revenue and Other Revenue $ 8,759,695 $ 8,759,695 $ 8,759,695 $ EXPENSES 11 Instruction $ 3,848,103 $ 3,848, Instructional Resources & Media Services $ 13 Curriculum & Instructional Staff Development $ 1,128 $ 1, Instructional Leadership $ 88 $ School Leadership $ 1,022,636 $ 1,022, Guidance, Counseling & Evaluation Services $ 42,215 $ 42, Social Work Services $ 33 Health Services $ 34 Transportation $ 336,856 $ 336, Food Service $ 512,164 $ 512, Extracurricular $ 65,200 $ 65, General Administration $ 213,198 $ 213, Plant Maintenance $ 2,308,860 $ 2,308, Security & Monitoring Services $ 53 Data Processing Services $ 42,253 $ 42, Community Services $ 71 Debt Service $ 81 Fundraising $ Total Expenses $ 8,392,701 $ 8,392,701 $ 8,392,701 $ INCREASE (DECREASES) IN NET ASSETS $ 366,994 $ 366,994 Net Assets at Beginning of Year $ 267,770 $ 267,770 $ 267,770 $ Net Assets as Restated Adjustment [Enter Description] Adjustment [Enter Description] Adjustment [Enter Description] Net Assets at End of Year $ 634,764 $ 634,764 $ 634,764 $ Comments

7 Enter amounts in the unshaded areas only. [1] Enter the audited amount of expenses. Please note that the shaded blue areas automatically calculate and populate the totals after you enter the individual amounts. You may use the validation tests to ensure that the totals agree with the amounts in the Annual Financial and Compliance Report. Note: If the totals do not agree, please provide an explanation for the variance. Schedule of Expenses Validation Tests EXPENSES Total Stated on AFR Variance Explanation for Variance 6100 Payroll Costs $ 4,608, Professional & Contracted Services $ 2,755, Supplies & Materials $ 738, Other Operating Costs $ 289, Debt Service Total Expenses $ 8,392,701 $ 8,392,701 $ Comments

8 Enter amounts in the unshaded areas only. [1] Enter the audited amount of capital assets. Please note that the shaded blue areas automatically calculate and populate the totals after you enter the individual amounts. You may use the validation tests to ensure that the totals agree with the amounts in the Annual Financial and Compliance Report. Note: If the totals do not agree, please provide an explanation for the variance. Schedule of Capital Assets Validation Tests LOCAL STATE FEDERAL TOTAL Total Stated on AFR Variance Explanation for Variance 1110 Cash 1510 Land and Improvements 1520 Buildings and Improvements $ 481,265 $ 481, Vehicles $ 107,230 $ 107, Furniture and Equipment $ 172,738 $ 172, Vehicles (<$5,000) 1549 Furniture and Equipment (<$5,000) 1551 Buildings (Capital Leases) $ 1559 Furniture and Equipment (Capital Leases) 1569 Library Books and Media 1590 Other Capital Assets $ 101,258 $ 101,258 Total Property and Equipment $ 862,491 $ 862,491 $ 862,491 $ Comments

9 Enter amounts in the unshaded areas only. [1] Enter the description and the audited amount of cash flow from operating activities. [2] Enter the description and the audited amount of cash flow from financing activities. [3] Enter the the beginning of the year audited amount of cash and cash equivalents. [4] Enter the description and the audited amount of cash flow from investing activities. [5] Complete the schedule for Reconciliation of Change in Unrestricted Net Assets to Net Cash Provided by Operating Activities. [6] Enter the amounts of supplemental cash paid during the year. Please note that the shaded blue areas automatically calculate and populate the totals after you enter the individual amounts. You may use the validation tests to ensure that the totals agree with the amounts in the Annual Financial and Compliance Report. Note: If the totals do not agree, please provide an explanation for the variance. Statement of Cash Flows Validation Tests CASH FLOW FROM OPERATING ACTIVITIES As Stated on AFR Variance Explanation for Variance Change in net assets $ 366,994 Depreciation $ 70,321 Receivables from grantors $ 24,569 Other receivables $ (538) Prepaid expense $ (2,102) Accounts Payable $ 20,465 Accrued liabilities $ 17,614 Interfund payable $ (296,680) Other payables $ 22,202 Net Cash Provided by Operating Activities $ 222,845 $ 222,845 CASH FLOW FROM INVESTING ACTIVITIES Increase in investment $ (61,418) Net Cash from Investing Activities $ (61,418) $ (61,418) CASH FLOW FROM FINANCING ACTIVITIES Net Cash Provided (Used) by Financing Activities Net Increase (Decrease) in Cash and Cash Equivalents $ 161,427 $ 161,427 Cash and Cash Equivalents Beginning of the Year $ 472,540 Cash and Cash Equivalents End of the Year $ 633,967 $ 633,967 Reconciliation of Change in Unrestricted Net Assets to Net Cash Provided by Operating Activities Change in Unrestricted Net Assets $ 366,994 Adjustment to Reconcile Change in Unrestricted Net Assets to Net Cash Provided by Operating Activities: Depreciation $ 70,321 Receivables from grantors $ 24,569 Other receivables $ (538) Prepaid expense $ (2,102) Accounts Payable $ 20,465 Accrued liabilities $ 17,614 Interfund payable $ (296,680) Other payables $ 22,202 Total Adjustments $ (144,149) $ (144,149) Net Cash Provided by Operating Activities $ 222,845 $ 222,845 Supplemental Disclosure of Cash Flow Information Cash Paid during the Year for: Interest Income Taxes Comments

10 Enter amounts in unshaded areas only. [1] Enter the amounts of local, state, and federal revenue. [2] Enter the amount of expenses. [3] Enter the net assets at beginning of year and any restatement or adjustments. Please note that the shaded blue areas automatically calculate and populate the totals after you enter the individual amounts. You may use the validation tests to ensure that the totals agree with the amounts in the Annual Financial and Compliance Report. Note: If the totals do not agree, please provide an explanation for the variance. Budgetary Comparison Schedule Validation Tests ORIGINAL BUDGET FINAL BUDGET ACTUAL AMOUNTS VARIANCE WITH FINAL BUDGET % OF VARIANCE Total ACTUAL AMOUNT Stated on AFR Variance REVENUES Local revenue $ 417,998 $ 417,998 $ 417,998 State revenue $ 7,040,305 $ 7,040,305 $ 7,400,181 $ 359, % Federal revenue $ 934,398 $ 934,398 $ 941,516 $ 7, % Total Revenue $ 8,392,701 $ 8,392,701 $ 8,759,695 $ 366, % $ 8,759,695 $ EXPENSES 11 Instruction $ 3,848,103 $ 3,848,103 $ 3,848, Instructional Resources & Media Services 13 Curriculum & Instructional Staff Development $ 1,128 $ 1,128 $ 1, Instructional Leadership $ 88 $ 88 $ School Leadership $ 1,022,638 $ 1,022,638 $ 1,022,636 $ 2 31 Guidance, Counseling & Evaluation Services $ 42, $ 42, $ 42, % 32 Social Work Services 33 Health Services 34 Transportation $ 336,856 $ 336,856 $ 336, Food Service $ 512,164 $ 512,164 $ 512, Extracurricular $ 65,200 $ 65,200 $ 65, General Administration $ 213,197 $ 213,197 $ 213,198 $ (1) 51 Plant Maintenance $ 2,308,859 $ 2,308,859 $ 2,308,860 $ (1) 52 Security & Monitoring Services 53 Data Processing Services $ 42,253 $ 42,253 $ 42, Community Services 71 Debt Service 81 Fundraising Total Expenses $ 8,392,701 $ 8,392,701 $ 8,392,701 $ 8,392,701 $ CHANGE IN NET ASSETS $ 366,994 $ 366,994 #DIV/0! $ 366,994 $ Net Assets at Beginning of Year $ 267,770 $ 267,770 Net Assets as Restated $ Adjustment [Enter Description] $ Adjustment [Enter Description] $ Adjustment [Enter Description] $ Net Assets at End of Year $ 634,764 $ 634,764 Comments R.Aldridge/Y.Walker 2013TEA

11 [1] Enter the appropriate responses based on the schedule in the Annual Financial and Compliance Report (AFR). Please note that the shaded blue areas automatically calculate and populate the totals after you enter the individual amounts. You may use the validation tests to ensure that the totals agree with the amounts in the AFR. Note: If the totals do not agree, please provide an explanation for the variance. Schedule of Findings and Questioned Costs SUMMARY OF THE AUDITOR'S RESULTS FINANCIAL STATEMENTS Type of auditor's report issued: Internal control over financial reporting: Material weakness(es) identified? Significant deficiencies identified that are not considered to be material weaknesses? Noncompliance material to financial statements noted? Unmodified No No No If compliance with OMB Circular A133 Single Audit regulations are not required, enter N/A for the areas below. FEDERAL AWARDS Internal control over major programs: Type of auditor's report issued: Material control over major programs: Material weakness(es) identified? Significant deficiencies identified that are not considered to be material weakness? Type of auditor's report issued on compliance for major programs: Any audit findings disclosed that are required to be reported in accordance with section 510(a) of Circular A133? Unmodified No No Unmodified No Dollar Threshold used to distinguish between Type A and Type B programs: $ 500,000 Enter amount Auditee qualified as a lowrisk auditee? No % of Major Programs that should be tested: 50% IDENTIFICATION OF MAJOR PROGRAMS TESTED CFDA Number(s) Enter Letter Name of Federal Program or Cluster Grantor (Passed Through Entity) School Breakfast Program National School Lunch Program 20141n Texas Education Agency / Arizona Education Agency Select CFDA # Select CFDA # Select CFDA # Select CFDA # Select CFDA # ESEA, Title I, Part A Improving Basic Programs Title I, Priority & Focus Title I Grants to LEA Texas Education Agency Texas Education Agency Arizona Department of Education Total of Major Programs Tested Total Federal Expenditures % of Major Programs Tested

12 [1] Enter the applicable information in the Schedule of Expenditures of Federal Awards below based on the schedule in the Annual Financial and Compliance Report. Please note the shaded blue area automatically calculate and populate the total after you enter the individual amounts. Total Federal Expenditures $ 1,500,238 Schedule of Expenditures and Federal Awards Federal CFDA Number Name of Federal Program Federal Grantor Pass Through Entity (if applicable) Pass Through Entity Identifying Number Federal Expenditures Youth Build Program U.S. DEPARTMENT OF LABOR YB A48 $ 189, Youth Build Program U.S. DEPARTMENT OF LABOR YB A48 $ 5, Training to Work 2Adult ReEntry U.S. DEPARTMENT OF LABOR PE A48 $ 32, Basic Center Program for Runaway and Homeless Youth U.S. DEPARTMENT OF HEALTH AND 06CY08443/ Basic Center Program for Runaway and Homeless Youth U.S. DEPARTMENT OF HEALTH AND 90CY $ 187, UT Health Science CenterTeen Reach Health and Human Services $ 4, School Breakfast Program U.S. DEPARTMENT OF AGRICULTURE Texas Education Agency 20141n $ 162, National School Lunch Program U.S. DEPARTMENT OF AGRICULTURE Texas Education Agency $ 272, ESEA, Title I, Part A Improving Basic Programs Texas Education Agency S010A $ 251, IDEA B Formula Texas Education Agency H027A $ 9, IDEA B Formula Texas Education Agency H027A $ 171, Title II, Part A Teacher & Principal Texas Education Agency S010A $ 43, Title I, Priority & Focus Texas Education Agency S010A $ 20, Summer School LEP Texas Education Agency S369A $ 2, Title 1, Part C SSA Texas Education Agency $ Title I Grants to LEA Arizona Department of Education 14FT1TTI A $ 72, Title 11A Arizona Department of Education 14FT1TII A $ 1, IDEAL B Arizona Department of Education 14FESCSE A $ 20, National School Lunch Program U.S. DEPARTMENT OF AGRICULTURE Arizona Department of Education 20131N $ 53,268 $

13 Schedule of Expenditures and Federal Awards Federal CFDA Number Name of Federal Program Federal Grantor Pass Through Entity (if applicable) Pass Through Entity Identifying Number Federal Expenditures

14 Schedule of Expenditures and Federal Awards Federal CFDA Number Name of Federal Program Federal Grantor Pass Through Entity (if applicable) Pass Through Entity Identifying Number Federal Expenditures 0 $ 1,500,238

15 [1] Please note any discrepancies between the schedules and correct them as applicable. [2] Provide an explanation for the differences that remain after corrections. The totals below are automatically calculated based on the information entered on the schedules in this workbook. Reconciliation Schedule Total Assets Statement of Financial Position Difference $ 968,291 Total Liabilities and Net Assets = Statement of Financial Position $ 968,291 Explanation for Difference Total Property and Equipment Schedule of Capital Assets Total Property and Equipment (Gross) $ 862,491 = $ 862,491 Statement of Financial Position Total Expenses Statement of Activities Total Expenses $ 8,392,701 = $ 8,392,701 Schedule of Expenses Total Expenses Statement of Activities Total Expenses $ 8,392,701 = $ 8,392,701 Budgetary Comparison Schedule Total Expenses Schedule of Expenses $ 8,392,701 Total Expenses = $ 8,392,701 Budgetary Comparison Schedule Total Revenue Statement of Activities $ 8,759,695 Total Revenue = $ 8,759,695 Budgetary Comparison Schedule Local Revenue Statement of Activities Local Revenue $ 417,998 = $ 417,998 Budgetary Comparison Schedule State Revenue Statement of Activities State Revenue $ 7,400,181 = $ 7,400,181 Budgetary Comparison Schedule Federal Revenue Statement of Activities $ 941,516 = Federal Revenue Budgetary Comparison Schedule $ 941,516 Total Net Assets Statement of Financial Position Net Assets at End of Year $ 634,764 = $ 634,764 Statement of Activities

16 Total Net Assets Statement of Financial Position Net Assets at End of Year $ 634,764 = $ 634,764 Budgetary Comparison Schedule

Annual Financial and Compliance Report Data

Annual Financial and Compliance Report Data Charter School For the Fiscal Year Ended August 31, 2015 Charter School CDN and Name 015802 GEORGE GERVIN ACADEMY Preparer Contact Information Name Frances Boynes