Community Consolidated School District #328 of Hancock County, Illinois. Annual Financial Report Hamilton, Illinois Year Ended June 30, 2018

Transcription

1 Community Consolidated School District #328 of Hancock County, Illinois Annual Financial Report Hamilton, Illinois Year Ended June 3, 218

2 Community Consolidated School District #328 Hancock County, Illinois Table of Contents Independent Auditor s Reports: Page Report on Financial Statements R-1 Report on Internal Control and Compliance R-4 Illinois State Board of Education Annual Financial Report 1 Notes to the Annual Financial Report N-1 Supplemental Information: IMRF Ten-Year Schedule of Changes in Net Pension Liability S-1 IMRF Schedule of Contributions S-2 TRS Ten-Year Schedule of Changes in Net Pension Liability S-3 Statement of Changes in Assets Agency Funds: All Agency Funds S-4 Student Activity Funds S-5 Goldie M. Ancelet Fund S-6 Clarisse R. Seibert Scholarship Fund S-7 Schedule of Findings and Responses F-1

3 Independent Auditor s Report Board of Education Community Consolidated School District #328 of Hancock County We have audited the accompanying annual financial report of the Community Consolidated School District #328 of Hancock County, which comprise the statement of assets and liabilities arising from cash transactions as of June 3, 218, and the related statement of revenues received and expenditures disbursed and other sources/uses and changes in fund balances for the year then ended, and the related notes to the financial statements. Management s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with the financial reporting provisions of the Illinois State Board of Education, as described in Note 2. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles As described in Note 2, the financial statements are prepared by Community Consolidated School District #328 of Hancock County on the basis of the financial reporting provisions of the Illinois State Board of Education, which is a basis of accounting other than accounting principles generally accepted in the United States of America, to meet the reporting requirements of the Illinois State Board of Education. The effects on the financial statements of the variances between the regulatory basis of accounting described in Note 2 and accounting principles generally accepted in the United States of America, although not reasonably determinable, are presumed to be material. R-1 P.O. Box N. 16 th Street Quincy, Illinois Ph (217) Fax (217) dgkochcpa@dgkochcpa.com

4 Independent Auditor s Report (Continued) Adverse Opinion on U.S. Generally Accepted Accounting Principles In our opinion, because of the significance of the matter discussed in the Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles paragraph, the financial statements referred to above do not present fairly, in accordance with accounting principles generally accepted in the United States of America, the financial position of the Community Consolidated School District #328 of Hancock County as of June 3, 218, or changes in financial position thereof for the year then ended. Basis for Qualified Opinion on Regulatory Basis of Accounting The District's financial statements do not disclose Governmental Accounting Standards Board Statement 45 Accounting and Financial Reporting for Post-Employment Benefit Other Than Pensions. The amount by which this disclosure would affect the financial statements is not reasonably determined. Qualified Opinion on Regulatory Basis of Accounting In our opinion, except for the effects of the matter described in the "Basis for Qualified Opinion on Regulatory Basis of Accounting" paragraph, the financial statements referred to in the first paragraph present fairly, in all material respects, the assets and liabilities arising from cash transactions of Community Consolidated School District #328 of Hancock County as of June 3, 218, and its revenues received and expenditures disbursed during the fiscal year then ended, on the basis of the financial reporting provisions of the Illinois State Board of Education. Other Matters Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Community Consolidated School District #328 of Hancock County s annual financial report as a whole. The schedules of funding progress (pages S-1 through S-3) are presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. The statements of changes in assets of agency funds, (page S-4 through S-7), is presented for purposes of additional analysis and is not a required part of the basic financial statements. The introductory section (pages 2-4), supplementary schedules (pages 23-25), statistical section (pages 26-3) and other reports (pages 31-36) of the Annual Financial Report are presented for purposes of additional analysis and are not a required part of basic financial statements, but are required by the Illinois State Board of Education. Depreciation information and enrollment data does not come from the accounting records of the District. The supplementary, attendance and depreciation information are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the annual financial report. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated, in all material respects, in relation to the financial statements as a whole. R-3

5 Independent Auditor s Report (Concluded) Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated August 3, 218, on our consideration of Community Consolidated School District #328 of Hancock County's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Community Consolidated School District #328 of Hancock County's internal control over financial reporting and compliance. August 3, 218 Quincy, Illinois Dennis G Koch and Associates LLC Certified Public Accountants R-3

6 Independent Auditor s Report on Internal Control and Compliance and Other Matters Board of Education Community Consolidated School District #328 of Hancock County We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the ISBE annual financial report of Community Consolidated School District #328 (District), as of and for the year ended June 3, 218, and the related notes to the financial statements, which collectively comprise the District s financial statements, and have issued our report thereon dated August 3, 218. That report included an adverse opinion because the finance statements are not presented in accordance with accounting principles generally accepted in the United States of America. However, the financial statements were found to be fairly stated except for the effects of omitting the disclosures required by Statement 45, Accounting and Financial Reporting for Post-Employment Benefits Other than Pensions, issued by the Governmental Accounting Standards Board, in accordance with the financial reporting provisions of Illinois State Board of education as described in Note 2. Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the District s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District s internal control. Accordingly, we do not express an opinion on the effectiveness of District s internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that have not been identified. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. We did identify certain deficiencies in internal control, described in the accompanying schedule of findings and responses that we consider to be significant deficiencies as item Compliance and Other Matters As part of obtaining reasonable assurance about whether the District s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. R-4

7 Independent Auditor s Report on Internal Control and Compliance and Other Matters (Concluded) Community Consolidated School District #328 s Response to Findings Community Consolidated School District #328 s response to the finding identified in our audit is described in the accompanying schedule of findings and responses. The District s response was not subjected to the auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on it. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. August 3, 218 Quincy, Illinois Dennis G Koch and Associates LLC Certified Public Accountants R-5

8 Due to ROE on Monday, October 15th Due to ISBE on Thursday, November 15th SD/JA18 X School District Joint Agreement ILLINOIS STATE BOARD OF EDUCATION School Business Services Division 1 North First Street, Springfield, Illinois / Illinois School District/Joint Agreement Annual Financial Report * June 3, 218 School District/Joint Agreement Number: ACCRUAL Name of Auditing Firm: Dennis G. Koch & Associates LLC County Name: Hancock X CASH Name of Audit Manager: Dennis G. Koch Name of School District/Joint Agreement: Address: Hamilton Community Consolidated School District # N 16th Street Address: Filing Status: City: State: Zip Code: 27 N 1th Street Submit electronic AFR directly to ISBE Quincy IL 6231 City: Phone Number: Fax Number: Hamilton Click on the Link to Submit: Address: Send ISBE a File IL License Number (9 digit): Expiration Date: yurkoja@hhs328.com /3/18 Zip Code: School District/Joint Agreement Information (See instructions on inside of this page.) Annual Financial Report Accounting Basis: Single Audit Status: Type of Auditor's Report Issued: X Qualified Unqualified YES X NO Are Federal expenditures greater than $75,? X Adverse YES X NO Is all Single Audit Information completed and attached? Disclaimer YES X NO Were any financial statement or federal award findings issued? Address: dgkoch@dgkochcpa.com ISBE Use Only Reviewed by District Superintendent/Administrator Reviewed by Township Treasurer (Cook County only) Reviewed by Regional Superintendent/Cook ISC Name of Township: District Superintendent/Administrator Name (Type or Print): Joseph A. Yurko Township Treasurer Name (type or print) RegionalSuperintendent/Cook ISC Name (Type or Print): John Meixner Address: Address: Address: yurkoja@hhs328.com jmeixner@roe26.net Telephone: Fax Number: Telephone: Fax Number: Telephone: Fax Number: ext Signature & Date: Signature & Date: Signature & Date: Certified Public Accountant Information * This form is based on 23 Illinois Administrative Code 1, Subtitle A, Chapter I, Subchapter C (Part 1). This form is based on 23 Illinois Administrative Code, Subtitle A, Chapter I, Subchapter C, Part 1. ISBE Form SD5-35/JA5-6 (5/18) In some instances, use of open account codes (cells) may not be authorized by statute or administrative rule. Each school district or joint agreement is responsible for obtaining the concurring legal opinion and/or other supporting authorization/documentation, as necessary, to use the applicable account code (cell). Printed: 1/12/18 {EEA A35-4C46-9B61-A }.xlsm

9 TABLE OF CONTENTS TAB Name AFR Page No. Auditor's Questionnaire Aud Quest 2 Comments Applicable to the Auditor's Questionnaire.... Aud Quest 2 Financial Profile Information.... FP Info 3 Estimated Financial Profile Summary... Financial Profile 4 Basic Financial Statements Statement of Assets and Liabilities Arising from Cash Transactions/Statement of Position... Assets Liab 5 6 Statement of Revenues Received/Revenues, Expenditures Disbursed/Expenditures, Other Sources (Uses) and Changes in Fund Balances (All Funds) Acct Summary 7 8 Statements of Revenues Received/Revenues (All Funds)... Revenues 9 14 Statements of Expenditures Disbursed/Expenditures Budget to Actual (All Funds)... Expenditures Supplementary Schedules Schedule of Ad Valorem Tax Receipts Tax Sched 23 Schedule of Short Term Debt/Long Term Debt... Short Term Long Term Debt 24 Schedule of Restricted Local Tax Levies and Selected Revenue Sources/ Schedule of Tort Immunity Expenditures Rest Tax Levies Tort Im 25 Statistical Section Schedule of Capital Outlay and Depreciation... Cap Outlay Deprec 26 Estimated Operating Expenditures Per Pupil and Per Capita Tuition Charge Computation PCTC OEPP Indirect Cost Rate Contracts paid in Current Year Contarcts Paid in CY 29 Indirect Cost Rate Computation ICR Computation 3 Report on Shared Services or Outsourcing... Shared Outsourced Serv. 31 Administrative Cost Worksheet.... AC 32 Itemization Schedule... ITEMIZATION 33 Reference Page... REF 34 Notes, Opinion Letters, etc. Opinion Notes 35 Deficit Reduction Calculation Deficit AFR Sum Calc 36 Audit Checklist/Balancing Schedule... AUDITCHECK Single Audit Section Annual Federal Compliance Report... Single Audit Cover CAP INSTRUCTIONS/REQUIREMENTS: For School Districts/Joint Agreements All School Districts/Joint Agreements must complete this form (Note: joint agreement supplementary/statistical schedules may not be applicable) This form complies with Part 1 (Requirements for Accounting, Budgeting, Financial Reporting, and Auditing). 23, Illinois Administrative Code 1, Subtitle A, Chapter I, Subchapter C (Part 1) 1. Round all amounts to the nearest dollar. Do not enter cents. (Exception: 9 Month ADA on page 27, line Any errors left unresolved by the Audit Checklist/Balancing Schedule must be explained in the itemization page 3. Before submitting AFR be sure to break all links in AFR before submitting to ISBE. If links are not broken, amounts entered have changed when opening the AFR 4. Submit AFR Electronically The Annual Financial Reports (AFR) must be submitted directly through the Attachment Manager to the AFR Group by the Auditor (not from the school district on before November 15 with the exception of Extension Approvals (Please see AFR Instructions for complete submission procedures). Note: CD/Disk no longer accepted. Attachment Manager Link AFR supporting documentation must be embedded as Microsoft Word (.doc), Word Perfect (*.wpd) or Adobe (*.pdf) and inserted within tab "Opinions & Notes". These documents include: The Audit, Management letter, Opinion letters, Compliance letters, Financial notes etc. For embedding instructions see "Opinions & Notes" tab of this form. Note: In Windows 7 and above, files can be saved in Adobe Acrobat (*.pdf) and embedded even if you do not have the software. If you have problems embedding the files you may attach them as separate (.docx) in the Attachment Manager and ISBE will embedded them for you. 5. Submit Paper Copy of AFR with Signatures a) The auditor must send three paper copies of the AFR form (cover through page 8 at minimum) to the School District with the auditor signature. Note: School Districts and Regional Superintendents may prefer a complete paper copy in lieu of an electronic file. Please comply with their requests as neccessary. b) Upon receipt, the School District retains one copy for their records, signs, and forwards the remaining two copies to the Regional Superintendent's office no later than October 15, annually. c) Upon receipt, the Regional Superintendent's office retains one copy for their records, signs, and forwards the remaining paper copy to ISBE no later than November 15, annually. If the 15th falls on a Saturday, the due date is the Friday before. If the 15th falls on a Sunday, the due date is the Monday after Yellow Book, CPE, and Peer Review requirements must be met if the Auditor issues an opinion stating "Governmental Auditing Standards" were utilized. Federal Single Audit 2 CFR Requesting an Extension of Time must be submitted in writing via or letter to the Regional Office of Education (at the descretion of the ROE). Approval may be provided up to and no later than December 15 annually. After December 15, audits are considered late and out of compliance per Illinois School Code 7. Qualifications of Auditing Firm School District/Joint Agreement entities must verify the qualifications of the auditing firm by requesting the most current peer review report and th corresponding acceptance letter from the approved peer review program, for the current peer review period A school district/joint agreement who engages with an auditing firm who is not licensed and qualified will be required to complete a new audit by a qualified auditing firm at the school district's/joint agreement's expense

10 Page 2 Page 2 AUDITOR'S QUESTIONNAIRE INSTRUCTIONS: If your review and testing of State, Local, and Federal Programs revealed any of the following statements to be true, then check the box on the left and attach the appropriate findings/comments. PART A FINDINGS 1. One or more school board members, administrators, certified school business officials, or other qualifying district employees failed to file economic interested statements pursuant to the Illinois Government Ethics Act. [5 ILCS 42/4A 11] 2. One or more custodians of funds failed to comply with the bonding requirements pursuant to Illinois School Code [15 ILCS 5/8 2;1 2.19;19 6]. 3. One or more contracts were executed or purchases made contrary to the provisions of the Illinois School Code [15 ILCS 5/1 2.21]. 4. One or more violations of the Public Funds Deposit Act or the Public Funds Investment Act were noted [3 ILCS 225/1 et. seq. and 3 ILCS 235/1 et. seq.]. 5. Restricted funds were commingled in the accounting records or used for other than the purpose for which they were restricted. 6. One or more short term loans or short term debt instruments were executed in non conformity with the applicable authorizing statute or without statutory Authority. 7. One or more long term loans or long term debt instruments were executed in non conformity with the applicable authorizing statute or without statutory Authority. 8. Corporate Personal Property Replacement Tax monies were deposited and/or used without first satisfying the lien imposed pursuant to the Illinois State Revenue Sharing Act [3 ILCS 115/12]. 9. One or more interfund loans were made in non conformity with the applicable authorizing statute or without statutory authorization per Illinois School Code [15 ILCS 5/ , 2 4 and 2 5]. 1. One or more interfund loans were outstanding beyond the term provided by statute Illinois School Code [15 ILCS 5/ , 2 4, 2 5]. 11. One or more permanent transfers were made in non conformity with the applicable authorizing statute/regulation or without statutory/regulatory authorization per Illinois School Code [15 ILCS 5/17 2A]. 12. Substantial, or systematic misclassification of budgetary items such as, but not limited to, revenues, receipts, expenditures, disbursements or expenses were observed. 13. The Chart of Accounts used to define and control budget and accounting records does not conform to the minimum requirements imposed by ISBE rules pursuant to Illinois School Code [15 ILCS 5/2 3.27; ]. 14. At least one of the following forms was filed with ISBE late: The FY17 AFR (ISBE FORM 5 35), FY17 Annual Statement of Affairs (ISBE Form 5 37) and FY18 Budget (ISBE FORM 5 36). Explain in the comments box below in persuant to Illinois School Code [15 ILCS 5/3 15.1; 5/1 17; 5/17 1]. PART B FINANCIAL DIFFICULTIES/CERTIFICATION Criteria pursuant to the Illinois School Code [15 ILCS 5/1A 8]. 15. The district has issued tax anticipation warrants or tax anticipation notes in anticipation of a second year's taxes when warrants or notes in anticipation of current year taxes are still outstanding, as authorized by Illinois School Code [15 ILCS 5/17 16 or through 34 27]. 16. The district has issued short term debt against two future revenue sources, such as, but not limited to, tax anticipation warrants and General State Aid certificates or tax anticipation warrants and revenue anticipation notes. 17. The district has issued school or teacher orders for wages as permitted in Illinois School Code [15 ILCS 5/8 16, and 34 76] or issued funding bonds for this purpose pursuant to Illinois School Code [15 ILCS 5/8 6; ; 34 76; and 19 8]. 18. The district has for two consecutive years shown an excess of expenditures/other uses over revenues/other sources and beginning fund balances on its annual financial report for the aggregate totals of the Educational, Operations & Maintenance, Transportation, and Working Cash Funds. PART C OTHER ISSUES 19. Student Activity Funds, Imprest Funds, or other funds maintained by the district were excluded from the audit. 2. Findings, other than those listed in Part A (above), were reported (e.g. student activity findings). These findings may be described extensively in the financial notes. 21. Federal Stimulus Funds were not maintained and expended in accordance with the American Recovery and Reinvestment Act (ARRA) of 29. If checked, an explanation must be provided. 22. Check this box if the district is subject to the Property Tax Extension Limitation Law. Effective Date: (Ex: //) 23. If the type of Auditor Report designated on the cover page is other than an unqualified opinion and is due to reason(s) other than solely Cash Basis Accounting, please check and explain the reason(s) in the box below. Printed: 1/9/18 {EEA A35-4C46-9B61-A }.xlsm

11 PART D EXPLANATION OF ACCOUNTING PRACTICES FOR LATE MANDATED CATEGORICAL PAYMENTS (For School Districts who report on an Accrual/Modified Accrual Accounting Basis only) School districts that report on the accrual/modified accrual basis of accounting must identify where late mandated categorical payments (Acct Codes 31, 315, 311, 35, 351, 312, 395) are recorded. Depending on the accounting procedure these amounts will be used to adjust the Direct Receipts/Revenues in calculation 1 and 2 of the Financial Profile Score. In FY218, identify those late payments recorded as Intergovermental Receivables, Other Recievables, or Deferred Revenue & Other Current Liabilities or Direct Receipts/Revenue. Payments should only be listed once. 24. Enter the date that the district used to accrue mandated categorical payments Date: 25. For the listed mandated categorical (Revenue Code (311, 35, 351, 31, 315) that were vouchered prior to June 3th, but not released until after year end as reported in ISBE FRIS system, enter the amounts that were accrued in the chart below. Account Name Total Deferred Revenues (49) Mandated Categoricals Payments (31, 315, 311, 312, 35, 351, 395) 1 1 Direct Receipts/Revenue Mandated Categoricals Payments (31, 315, 311, 312, 35, 351, 395) Total 1 Revenue Code (311 Sp Ed Personnel, 351 Sp Ed Transportation, 35 Regular/Vocational Transportation, 315 Sp Ed Funding for Children Requiring Services, 31 Sp Ed Private Facilities, 312 Sp Ed Regular Orphanage Individual, 395 Regual Orphans & Foster Children) PART E QUALIFICATIONS OF AUDITING FIRM School District/Joint Agreement entities must verify the qualifications of the auditing firm by requesting the most current peer review report and the corresponding acceptance letter from the approved peer review program for the current peer review. A school district/joint agreement who engages with an auditing firm who is not licensed and qualified will be required to complete a new audit by a qualified auditing firm at the school district's/joint agreement's expense. Comments Applicable to the Auditor's Questionnaire: Dennis G Koch & Associates LLC, CPAs Name of Audit Firm (print) The undersigned affirms that this audit was conducted by a qualified auditing firm and in accordance with the applicable standards [23 Illinois Administrative Code Part 1] and the scope of the audit conformed to the requirements of subsection (a) or (b) of 23 Illinois Administrative Code Part 1 Section 11, as applicable. 8/3/218 Signature mm/dd/yyyy Note: A PDF with signature is acceptable for this page. Enter the location on signature line e.g. PDF in Opinion Page with signature

12 Page 3 Page A B C D E F G H I J K L M FINANCIAL PROFILE INFORMATION Required to be completed for School Districts only. A. Tax Rates (Enter the tax rate ex:.15 for $1.5) Tax Year 217 Equalized Assessed Valuation (EAV): 17,949,538 Educational Operations & Maintenance Transportation Combined Total Working Cash Rate(s): = B. Results of Operations * Receipts/Revenues Disbursements/ Expenditures Excess/ (Deficiency) Fund Balance 5,313,599 4,922,94 391,55 1,114,889 * The numbers shown are the sum of entries on Pages 7 & 8, lines 8, 17, 2, and 81 for the Educational, Operations & Maintenance, Transportation and Working Cash Funds. C. Short Term Debt ** CPPRT Notes TAWs TANs TO/EMP. Orders GSA Certificates Other Total = ** The numbers shown are the sum of entries on page 25. D. Long Term Debt Check the applicable box for long term debt allowance by type of district. X a. 6.9% for elementary and high school districts, 2,477,36 b. 13.8% for unit districts. Long Term Debt Outstanding: c. Long Term Debt (Principal only) Acct Outstanding: , E. Material Impact on Financial Position If applicable, check any of the following items that may have a material impact on the entity's financial position during future reporting periods. Attach sheets as needed explaining each item checked. Pending Litigation Material Decrease in EAV Material Increase/Decrease in Enrollment Adverse Arbitration Ruling Passage of Referendum Taxes Filed Under Protest Decisions By Local Board of Review or Illinois Property Tax Appeal Board (PTAB) Other Ongoing Concerns (Describe & Itemize) Comments: Printed: 1/9/18 {EEA A35-4C46-9B61-A }.xlsm

13 Page 4 Page A B C D E F G H I K L M N O P Q R District Name: Hamilton Community Consolidated School District #328 District Code: County Name: Hancock ESTIMATED FINANCIAL PROFILE SUMMARY (Go to the following website for reference to the Financial Profile) District Financial Profile.aspx 1. Fund Balance to Revenue Ratio: Total Ratio Score 3 Total Sum of Fund Balance (P8, Cells C81, D81, F81 & I81) Funds 1, 2, 4, 7 + (5 & 8 if negative) 1,114, Weight.35 Total Sum of Direct Revenues (P7, Cell C8, D8, F8 & I8) Funds 1, 2, 4, & 7, 5,313,599. Value 1.5 Less: Operating Debt Pledged to Other Funds (P8, Cell C54 thru D74) Minus Funds 1 & 2. (Excluding C:D57, C:D61, C:D65, C:D69 and C:D73) 2. Expenditures to Revenue Ratio: Total Ratio Score 4 Total Sum of Direct Expenditures (P7, Cell C17, D17, F17, I17) Funds 1, 2 & 4 4,922, Adjustment Total Sum of Direct Revenues (P7, Cell C8, D8, F8, & I8) Funds 1, 2, 4 & 7, 5,313,599. Weight.35 Less: Operating Debt Pledged to Other Funds (P8, Cell C54 thru D74) Minus Funds 1 & 2. (Excluding C:D57, C:D61, C:D65, C:D69 and C:D73) Value 1.4 Possible Adjustment: 3. Days Cash on Hand: Total Days Score 2 Total Sum of Cash & Investments (P5, Cell C4, D4, F4, I4 & C5, D5, F5 & I5) Funds 1, 2 4 & 7 1,42, Weight.1 Total Sum of Direct Expenditures (P7, Cell C17, D17, F17 & I17) Funds 1, 2, 4 divided by 36 13, Value.2 4. Percent of Short Term Borrowing Maximum Remaining: Total Percent Score 4 Tax Anticipation Warrants Borrowed (P24, Cell F6 7 & F11) Funds 1, 2 & Weight.1 EAV x 85% x Combined Tax Rates (P3, Cell J7 and J1) (.85 x EAV) x Sum of Combined Tax Rates 556, Value.4 5. Percent of Long Term Debt Margin Remaining: Total Percent Score 4 Long Term Debt Outstanding (P3, Cell H37) 75, Weight.1 Total Long Term Debt Allowed (P3, Cell H31) 2,477,36.24 Value.4 Estimated 219 Financial Profile Designation: Total Profile Score: 3.45 * * Total Profile Score may change based on data provided on the Financial Profile Information, page 3 and by the timing of mandated categorical payments. Final score will be calculated by ISBE. REVIEW Printed: 1/9/18 {EEA A35-4C46-9B61-A }.xlsm

14 Page 5 BASIC FINANCIAL STATEMENTS STATEMENT OF ASSETS AND LIABILITIES ARISING FROM CASH TRANSACTIONS STATEMENT OF POSITION AS OF JUNE 3, 218 Page 5 A B C D E F G H I J K 1 (1) (2) (3) (4) (5) (6) (7) (8) (9) ASSETS Municipal Operations & Fire Prevention & (Enter Whole Dollars) Acct. # Educational Debt Services Transportation Retirement/Social Capital Projects Working Cash Tort 2 Maintenance Safety Security 3 4 CURRENT ASSETS (1) Cash (Accounts 111 through 115) 1 299, ,77 3,499 64, , ,285 66, ,54 5 Investments 12 6 Taxes Receivable 13 7 Interfund Receivables ,581 8 Intergovernmental Accounts Receivable 15 9 Other Receivables 16 1 Inventory Prepaid Items Other Current Assets (Describe & Itemize) Total Current Assets 299, ,77 3,499 64, , ,866 66, ,54 14 CAPITAL ASSETS (2) 15 Works of Art & Historical Treasures Land Building & Building Improvements Site Improvements & Infrastructure Capitalized Equipment 25 2 Construction in Progress Amount Available in Debt Service Funds Amount to be Provided for Payment on Long Term Debt Total Capital Assets CURRENT LIABILITIES (4) Interfund Payables 41 25, 73, Intergovernmental Accounts Payable Other Payables Contracts Payable Loans Payable 46 3 Salaries & Benefits Payable Payroll Deductions & Withholdings (14) 32 Deferred Revenues & Other Current Liabilities Due to Activity Fund Organizations Total Current Liabilities 25,975 73, (14) 35 LONG TERM LIABILITIES (5) 36 Long Term Debt Payable (General Obligation, Revenue, Other) Total Long Term Liabilities Reserved Fund Balance Unreserved Fund Balance 73 48, ,77 (7,82) 64,54 182, ,866 66, ,54 4 Investment in General Fixed Assets 41 Total Liabilities and Fund Balance 299, ,77 3,499 64, , ,866 66, ,54 Print Date: 1/9/18 {EEA A35-4C46-9B61-A }.xlsm

15 Page 6 BASIC FINANCIAL STATEMENTS STATEMENT OF ASSETS AND LIABILITIES ARISING FROM CASH TRANSACTIONS STATEMENT OF POSITION AS OF JUNE 3, 218 Page 6 A B 1 2 ASSETS (Enter Whole Dollars) Acct. # CURRENT ASSETS (1) Cash (Accounts 111 through 115) 1 Investments 12 6 Taxes Receivable 13 7 Interfund Receivables 14 8 Intergovernmental Accounts Receivable 15 9 Other Receivables 16 1 Inventory Prepaid Items Other Current Assets (Describe & Itemize) Total Current Assets CAPITAL ASSETS (2) Works of Art & Historical Treasures Land Building & Building Improvements Site Improvements & Infrastructure Capitalized Equipment 25 2 Construction in Progress Amount Available in Debt Service Funds Amount to be Provided for Payment on Long Term Debt Total Capital Assets CURRENT LIABILITIES (4) Interfund Payables Intergovernmental Accounts Payable Other Payables Contracts Payable Loans Payable 46 3 Salaries & Benefits Payable Payroll Deductions & Withholdings Deferred Revenues & Other Current Liabilities Due to Activity Fund Organizations Total Current Liabilities LONG TERM LIABILITIES (5) Long Term Debt Payable (General Obligation, Revenue, Other) Total Long Term Liabilities Reserved Fund Balance Unreserved Fund Balance Investment in General Fixed Assets Total Liabilities and Fund Balance L M N Account Groups Agency Fund General Fixed Assets 14,373 14,373 14,373 14,373 36,843 2,696,87 21,689 43,86 General Long Term Debt 3,499 71,51 3,456,262 75, 75, 75, 3,456,262 14,373 3,456,262 75, Print Date: 1/9/18 {EEA A35-4C46-9B61-A }.xlsm

16 Page 7 BASIC FINANCIAL STATEMENT STATEMENT OF REVENUES RECEIVED/REVENUES, EXPENDITURES/DISBURSED/EXPENDITURES, OTHER SOURCES (USES) AND CHANGES IN FUND BALANCE ALL FUNDS - FOR THE YEAR ENDING JUNE 3, 218 Page 7 1 A B C D E F G H I J K (1) (2) (3) (4) (5) (6) (7) (8) (9) Description Municipal Operations & Fire Prevention & (Enter Whole Dollars) Acct # Educational Debt Services Transportation Retirement/ Social Capital Projects Working Cash Tort Maintenance Safety 2 Security RECEIPTS/REVENUES LOCAL SOURCES FLOW THROUGH RECEIPTS/REVENUES FROM ONE DISTRICT TO ANOTHER DISTRICT STATE SOURCES FEDERAL SOURCES Total Direct Receipts/Revenues Receipts/Revenues for "On Behalf" Payments 2 Total Receipts/Revenues DISBURSEMENTS/EXPENDITURES ,391,827 1,839, ,445 4,577,85 1,718,434 6,295, , , ,945 8,472 8,472 8,472 15,57 114, , , , , ,942 36,17 36,17 36,17 23,918 23,918 23,918 35,98 35,98 35,98 12 Instruction 1 2,732,258 47, Support Services Community Services 2 3 1,39, , ,263 95,61 163,657 1, Payments to Other Districts & Govermental Units Debt Service Total Direct Disbursements/Expenditures Disbursements/Expenditures for "On Behalf" Payments 2 Total Disbursements/Expenditures ,139 4,238,315 1,718,434 5,956, , ,516 76,663 76,663 76, , , , , , ,657 1,98 1, Excess of Direct Receipts/Revenues Over (Under) Direct Disbursements/Expenditures 3 OTHER SOURCES/USES OF FUNDS OTHER SOURCES OF FUNDS (7) PERMANENT TRANSFER FROM VARIOUS FUNDS 338,77 5,429 3,89 11,199 17,384 36,17 4,261 25, Abolishment of the Working Cash Fund 12 Abatement of the Working Cash Fund 12 Transfer of Working Cash Fund Interest Transfer Among Funds Transfer of Interest Transfer from Capital Project Fund to O&M Fund 715 Transfer of Excess Fire Prevention & Safety Tax and Interest Proceeds to O&M Fund Transfer to Excess Fire Prevention & Safety Bond and Interest Proceeds to Debt Service Fund SALE OF BONDS (72) Principal on Bonds Sold Premium on Bonds Sold Accrued Interest on Bonds Sold Sale or Compensation for Fixed Assets 6 Transfer to Debt Service to Pay Principal on Capital Leases Transfer to Debt Service to Pay Interest on Capital Leases Transfer to Debt Service to Pay Principal on Revenue Bonds Transfer to Debt Service Fund to Pay Interest on Revenue Bonds Transfer to Capital Projects Fund ISBE Loan Proceeds Other Sources Not Classified Elsewhere Total Other Sources of Funds OTHER USES OF FUNDS (8) Print Date: 1/9/18 {EEA A35-4C46-9B61-A }.xlsm

17 Page 8 BASIC FINANCIAL STATEMENT STATEMENT OF REVENUES RECEIVED/REVENUES, EXPENDITURES/DISBURSED/EXPENDITURES, OTHER SOURCES (USES) AND CHANGES IN FUND BALANCE ALL FUNDS - FOR THE YEAR ENDING JUNE 3, 218 Page A B C D E F G H I J K (1) (2) (3) (4) (5) (6) (7) (8) (9) Description (Enter Whole Dollars) PERMANENT TRANSFER TO VARIOUS OTHER FUNDS (81) Acct # Educational Operations & Maintenance Debt Services Transportation Municipal Retirement/ Social Security Capital Projects Working Cash Tort Fire Prevention & Safety Abolishment or Abatement of the Working Cash Fund Transfer of Working Cash Fund Interest Transfer Among Funds 813 Transfer of Interest 814 Transfer from Capital Project Fund to O&M Fund 815 Transfer of Excess Fire Prevention & Safety Tax & Interest Proceeds to O&M Fund Transfer of Excess Fire Prevention & Safety Bond and Interest Proceeds to Debt Service Fund Taxes Pledged to Pay Principal on Capital Leases 841 Grants/Reimbursements Pledged to Pay Principal on Capital Leases 842 Other Revenues Pledged to Pay Principal on Capital Leases 843 Fund Balance Transfers Pledged to Pay Principal on Capital Leases 844 Taxes Pledged to Pay Interest on Capital Leases 851 Grants/Reimbursements Pledged to Pay Interest on Capital Leases 852 Other Revenues Pledged to Pay Interest on Capital Leases 853 Fund Balance Transfers Pledged to Pay Interest on Capital Leases 854 Taxes Pledged to Pay Principal on Revenue Bonds 861 Grants/Reimbursements Pledged to Pay Principal on Revenue Bonds 862 Other Revenues Pledged to Pay Principal on Revenue Bonds 863 Fund Balance Transfers Pledged to Pay Principal on Revenue Bonds 864 Taxes Pledged to Pay Interest on Revenue Bonds 871 Grants/Reimbursements Pledged to Pay Interest on Revenue Bonds 872 Other Revenues Pledged to Pay Interest on Revenue Bonds 873 Fund Balance Transfers Pledged to Pay Interest on Revenue Bonds 874 Taxes Transferred to Pay for Capital Projects 881 Grants/Reimbursements Pledged to Pay for Capital Projects 882 Other Revenues Pledged to Pay for Capital Projects 883 Fund Balance Transfers Pledged to Pay for Capital Projects 884 Transfer to Debt Service Fund to Pay Principal on ISBE Loans 891 Other Uses Not Classified Elsewhere 899 Total Other Uses of Funds Total Other Sources/Uses of Funds Excess of Receipts/Revenues and Other Sources of Funds (Over/Under) Expenditures/Disbursements and Other Uses of Funds 338,77 5,429 3,89 11,199 17,384 36,17 4,261 25,72 Fund Balances July 1, 217 (289,994) 221,278 (73,891) 53, ,18 738,759 25,986 12,982 Other Changes in Fund Balances Increases (Decreases) (Describe & Itemize) Fund Balances June 3, , ,77 (7,82) 64,54 182, ,866 66, ,54 Print Date: 1/9/18 {EEA A35-4C46-9B61-A }.xlsm

18 Page 9 STATEMENT OF REVENUES RECEIVED/REVENUES FOR THE YEAR ENDING JUNE 3, 218 Page 9 A B C D E F G H I J K 1 (1) (2) (3) (4) (5) (6) (7) (8) (9) Municipal Description (Enter Whole Dollars) Operations & Fire Prevention & Acct # Educational Debt Services Transportation Retirement/ Social Capital Projects Working Cash Tort 2 Maintenance Safety Security 3 4 RECEIPTS/REVENUES FROM LOCAL SOURCES (1) AD VALOREM TAXES LEVIED BY LOCAL EDUCATION AGENCY 11 5 Designated Purposes Levies ( ) 7 2,115, ,518 8, ,49 74,828 35, ,562 35,853 6 Leasing Purposes Levy ,853 7 Special Education Purposes Levy ,682 8 FICA/Medicare Only Purposes Levies ,84 9 Area Vocational Construction Purposes Levy Summer School Purposes Levy Other Tax Levies (Describe & Itemize) Total Ad Valorem Taxes Levied By District 2,179, ,518 8, ,49 159,632 35, ,562 35, PAYMENTS IN LIEU OF TAXES Mobile Home Privilege Tax 121 2, Payments from Local Housing Authorities Corporate Personal Property Replacement Taxes ,43 17 Other Payments in Lieu of Taxes (Describe & Itemize) Total Payments in Lieu of Taxes 2,973 62, TUITION 13 2 Regular Tuition from Pupils or Parents (In State) Regular Tuition from Other Districts (In State) Regular Tuition from Other Sources (In State) Regular Tuition from Other Sources (Out of State) Summer Sch Tuition from Pupils or Parents (In State) Summer Sch Tuition from Other Districts (In State) Summer Sch Tuition from Other Sources (In State) Summer Sch Tuition from Other Sources (Out of State) CTE Tuition from Pupils or Parents (In State) CTE Tuition from Other Districts (In State) CTE Tuition from Other Sources (In State) CTE Tuition from Other Sources (Out of State) Special Ed Tuition from Pupils or Parents (In State) Special Ed Tuition from Other Districts (In State) Special Ed Tuition from Other Sources (In State) Special Ed Tuition from Other Sources (Out of State) Adult Tuition from Pupils or Parents (In State) Adult Tuition from Other Districts (In State) Adult Tuition from Other Sources (In State) Adult Tuition from Other Sources (Out of State) Total Tuition 41 TRANSPORTATION FEES Regular Transp Fees from Pupils or Parents (In State) Regular Transp Fees from Other Districts (In State) Regular Transp Fees from Other Sources (In State) Regular Transp Fees from Co curricular Activities (In State) Regular Transp Fees from Other Sources (Out of State) Summer Sch Transp. Fees from Pupils or Parents (In State) Summer Sch Transp. Fees from Other Districts (In State) Summer Sch Transp. Fees from Other Sources (In State) Summer Sch Transp. Fees from Other Sources (Out of State) CTE Transp Fees from Pupils or Parents (In State) CTE Transp Fees from Other Districts (In State) CTE Transp Fees from Other Sources (In State) CTE Transp Fees from Other Sources (Out of State) 1434 Printed Date: 1/9/18 {EEA A35-4C46-9B61-A }.xlsm

19 Page 1 STATEMENT OF REVENUES RECEIVED/REVENUES FOR THE YEAR ENDING JUNE 3, 218 Page 1 A B C D E F G H I J K 1 (1) (2) (3) (4) (5) (6) (7) (8) (9) Municipal Description (Enter Whole Dollars) Operations & Fire Prevention & Acct # Educational Debt Services Transportation Retirement/ Social Capital Projects Working Cash Tort 2 Maintenance Safety Security 55 Special Ed Transp Fees from Pupils or Parents (In State) Special Ed Transp Fees from Other Districts (In State) Special Ed Transp Fees from Other Sources (In State) Special Ed Transp Fees from Other Sources (Out of State) Adult Transp Fees from Pupils or Parents (In State) Adult Transp Fees from Other Districts (In State) Adult Transp Fees from Other Sources (In State) Adult Transp Fees from Other Sources (Out of State) Total Transportation Fees EARNINGS ON INVESTMENTS Interest on Investments 151 1, Gain or Loss on Sale of Investments Total Earnings on Investments 1, FOOD SERVICE Sales to Pupils Lunch ,528 7 Sales to Pupils Breakfast , Sales to Pupils A la Carte ,5 72 Sales to Pupils Other (Describe & Itemize) , Sales to Adults 162 3, Other Food Service (Describe & Itemize) Total Food Service 111,38 76 DISTRICT/SCHOOL ACTIVITY INCOME Admissions Athletic , Admissions Other (Describe & Itemize) Fees Book Store Sales Other District/School Activity Revenue (Describe & Itemize) Total District/School Activity Income 31, TEXTBOOK INCOME Rentals Regular Textbooks , Rentals Summer School Textbooks Rentals Adult/Continuing Education Textbooks Rentals Other (Describe & Itemize) Sales Regular Textbooks Sales Summer School Textbooks Sales Adult/Continuing Education Textbooks Sales Other (Describe & Itemize) Other (Describe & Itemize) Total Textbook Income 12, OTHER REVENUE FROM LOCAL SOURCES Rentals , Contributions and Donations from Private Sources 192 8, Impact Fees from Municipal or County Governments 193 6, Services Provided Other Districts , Refund of Prior Years' Expenditures Payments of Surplus Moneys from TIF Districts Drivers' Education Fees 197 2,4 12 Proceeds from Vendors' Contracts School Facility Occupation Tax Proceeds Payment from Other Districts Sale of Vocational Projects Other Local Fees (Describe & Itemize) Other Local Revenues (Describe & Itemize) ,279 14,9 Printed Date: 1/9/18 {EEA A35-4C46-9B61-A }.xlsm

20 Page 11 STATEMENT OF REVENUES RECEIVED/REVENUES FOR THE YEAR ENDING JUNE 3, 218 Page A B C D E F G H I J K (1) (2) (3) (4) (5) (6) (7) (8) (9) Municipal Description (Enter Whole Dollars) Operations & Fire Prevention & Acct # Educational Debt Services Transportation Retirement/ Social Capital Projects Working Cash Tort Maintenance Safety Security Total Other Revenue from Local Sources 53,43 13,472 6,653 14,9 Total Receipts/Revenues from Local Sources 1 2,391, ,945 8,472 15,57 159,942 36,17 23,918 35,98 FLOW THROUGH RECEIPTS/REVENUES FROM ONE DISTRICT TO ANOTHER DISTRICT (2) Flow through Revenue from State Sources 21 Flow through Revenue from Federal Sources 22 Other Flow Through (Describe & Itemize) 23 Total Flow Through Receipts/Revenues from One District to Another District 2 RECEIPTS/REVENUES FROM STATE SOURCES (3) UNRESTRICTED GRANTS IN AID (31 399) Evidence Based Funding Formula (Section ) 31 1,593,858 General State Aid Hold Harmless/Supplemental 32 Reorganization Incentives (Accounts ) 35 Other Unrestricted Grants In Aid from State Sources (Describe & Itemize) 399 Total Unrestricted Grants In Aid 1,593,858 RESTRICTED GRANTS IN AID (31 39) SPECIAL EDUCATION Special Education Private Facility Tuition 31 Special Education Funding for Children Requiring Sp ED Services ,597 Special Education Personnel ,624 Special Education Orphanage Individual 312 Special Education Orphanage Summer Individual 313 Special Education Summer School 3145 Special Education Other (Describe & Itemize) 3199 Total Special Education 91,221 CAREER AND TECHNICAL EDUCATION (CTE) CTE Technical Education Tech Prep 32 CTE Secondary Program Improvement (CTEI) ,86 CTE WECEP 3225 CTE Agriculture Education 3235 CTE Instructor Practicum 324 CTE Student Organizations 327 CTE Other (Describe & Itemize) 3299 Total Career and Technical Education 18,86 BILINGUAL EDUCATION Bilingual Ed Downstate TPI and TBE 335 Bilingual Education Downstate Transitional Bilingual Education 331 Total Bilingual Ed Printed Date: 1/9/18 {EEA A35-4C46-9B61-A }.xlsm