ORANGE COUNTY PUBLIC SCHOOLS INTERNAL FUNDS

ORANGE COUNTY PUBLIC SCHOOLS INTERNAL FUNDS FINANCIAL STATEMENT June 30, 2014

Table of Contents REPORT Independent Auditor s Report 1 FINANCIAL STATEMENT Statement of Fiduciary Assets and Liabilities 3 Notes to Financial Statement 4 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School 6 Exhibit A Listing of Schools 58 Independent Auditor s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 61 Financial Reporting and Compliance with Certain Laws and Regulations 63 Management Letter Under Separate Cover

INDEPENDENT AUDITOR S REPORT The School Board of Orange County, Florida Orlando, Florida Report on the Financial Statements We have audited the accompanying statement of fiduciary assets and liabilities of Orange County Public Schools Internal Funds, for those one hundred ninety five schools listed in Exhibit A to the financial statement, as of and for the year ended June 30, 2014, and the related notes to the financial statement, as listed in the table of contents. Management s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of this financial statement in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of a financial statement that is free from material misstatement, whether due to fraud or error. Auditor s Responsibility Our responsibility is to express an opinion on the financial statement 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 statement is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statement. The procedures selected depend on the auditor s judgment, including the assessment of the risks of material misstatement of the financial statement, 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 statement 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 statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 1

Opinion In our opinion, the financial statement referred to above presents fairly, in all material respects, the respective financial position of Orange County Public Schools Internal Funds, for those one hundred ninety five schools listed in Exhibit A to the financial statement, as of June 30, 2014, in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matter As discussed in Note 1, the financial statement presents only the statement of fiduciary assets and liabilities of Orange County Public Schools Internal Funds, for those one hundred ninety five schools listed in Exhibit A, and does not purport to, and does not, present fairly the financial position of the Orange County School District, as of June 30, 2014, in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter. Other Matters Supplementary Information Our audit was conducted for the purpose of forming an opinion on the basic financial statement of Orange County Public Schools Internal Funds taken as a whole. The accompanying supplemental schedule of revenues, expenditures and changes in internal accounts payable by school for the year ended June 30, 2014 is presented for purposes of additional analysis and is not a required part of the basic financial statement. The supplemental schedule of revenues, expenditures and changes in internal accounts payable by school for the year ended June 30, 2014 is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statement. Such information has been subjected to the auditing procedures applied in the audit of the financial statement and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statement or to the financial statement itself, and other additional procedures 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 of the United States. In our opinion, the information is fairly stated in all material respects in relation to the financial statement as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 10, 2014, on our consideration of the Orange County Public Schools Internal Funds 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 Orange County Public Schools Internal Funds internal control over financial reporting and compliance. Orlando, Florida December 10, 2014 2

Statement of Fiduciary Assets and Liabilities June 30, 2014 ASSETS Cash and cash equivalents $ 14,661,019 Accounts receivable 159,254 Inventory 281,549 LIABILITIES $ 15,101,822 Accounts payable $ 720,264 Internal accounts payable 14,381,558 $ 15,101,822 See accompanying notes to financial statement. 3

Notes to Financial Statement NOTE 1: NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES NATURE OF THE OPERATIONS Orange County Public Schools (the School Board ) Internal Funds are comprised of individual student activity account balances of the public schools located within the geographical boundaries of the Orange County School District (the Schools or the District ). This financial statement includes the internal funds of the one hundred ninety five schools listed in Exhibit A. The Orange County School Board is the governing body of the Schools, and is composed of eight elected members. The Superintendent of Schools is the executive officer of the Board. The Orange County District School Board is part of the State of Florida system of public education under the general direction and control of the State Board of Education. The Schools internal funds are included as agency funds in the School Board s comprehensive annual financial report. The accompanying financial statement presents only the Schools Internal Funds and is not intended to present fairly the financial position and results of operations of the School Board, in conformity with accounting principles generally accepted in the United States of America. BASIS OF ACCOUNTING In accordance with Florida Statutes, the School Board accounts for its student activity accounts as an agency fund. This fund is organized into sub funds to account for each school in the District. The operations of each sub fund are accounted for with a separate set of self balancing accounts that comprise each school s assets, liabilities, fund balance, revenues and expenditures. Each sub fund is divided into seven student activity/project classifications. These classifications are athletics, music, classes, clubs, departments, trusts and general. The financial statement of the Schools internal funds has been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) as applied to governmental units. CASH AND CASH EQUIVALENTS Cash and cash equivalents consist of deposits and other highly liquid cash equivalents held by qualified public depositories under the laws of the State of Florida. All deposits are collateralized by securities held in Florida s multiple financial institution collateral pool required by Sections 280.07 and 280.08, Florida Statutes. Certain deposits are also insured by the Federal Deposit Insurance Corporation. 4

Notes to Financial Statement CASH AND CASH EQUIVALENTS (Continued) At June 30, 2014, approximately $2,900,000 was invested in the Local Government Surplus Funds Trust Fund (Florida PRIME Fund), which is rated AAAm by Standard and Poor s with a weighted maturity of 40 days. The fund is considered to be a 2a7 like pool. INVENTORY Inventory consists of book store items, school store items, locks for sale or rent, and uniforms, and is valued at the lower of cost (determined on first in, first out method), or market. USE OF ESTIMATES The preparation of the financial statement in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Actual results could differ from those estimates. 5

SUPPLEMENTAL SCHEDULES

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Aloma Andover Apopka Arbor Ridge Elementary Elementary Elementary K 8 Revenue: Athletics $ $ $ $ 5,303 Music 30 17 19,699 Classes 2,582 3,347 Clubs 1,140 3,578 221 1,520 Departments 1,596 540 1,721 Trust 25,422 254,052 143,944 28,730 General 15,018 15,575 12,463 18,810 Total revenue 45,788 276,552 157,185 75,783 Expenditures: Athletics 3,864 Music 17 18,706 Classes 2,241 3,455 Clubs 954 5,368 164 1,192 Departments 1,688 1,182 2,967 Trust 23,550 249,170 142,884 25,745 General 16,661 16,778 15,498 14,897 Total expenditures 45,094 274,771 159,745 67,371 Excess of revenue over/ (under) expenditures before other financing sources (uses) 694 1,781 (2,560) 8,412 Other financing sources (uses): Intra fund transfers in 1,992 1,894 977 233 Intra fund transfers out (1,992) (1,894) (977) (233) Excess of revenue over/ (under) expenditures 694 1,781 (2,560) 8,412 Internal accounts payable beginning of year 11,897 14,080 13,039 21,624 Internal accounts payable end of year $ 12,591 $ 15,861 $ 10,479 $ 30,036 See independent auditor s report. 6

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Audubon Bay Park Avalon Azalea Park Meadows Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 490 45 390 Classes 2,357 12,751 8,007 Clubs 5,988 500 Departments 75 Trust 327,411 381,087 99,888 74,751 General 9,312 16,716 7,439 22,024 Total revenue 339,570 416,542 107,872 105,247 Expenditures: Athletics Music 560 45 269 Classes 3,361 12,523 9,043 Clubs 6,104 401 Departments 1,914 165 521 Trust 319,399 352,078 98,806 96,030 General 5,130 12,750 7,131 22,390 Total expenditures 330,364 383,620 106,383 128,253 Excess of revenue over/ (under) expenditures before other financing sources (uses) 9,206 32,922 1,489 (23,006) Other financing sources (uses): Intra fund transfers in 44 11,073 22 1,760 Intra fund transfers out (44) (11,073) (22) (1,760) Excess of revenue over/ (under) expenditures 9,206 32,922 1,489 (23,006) Internal accounts payable beginning of year 7,092 40,291 7,929 80,686 Internal accounts payable end of year $ 16,298 $ 73,213 $ 9,418 $ 57,680 See independent auditor s report. 7

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Blankner Bonneville Brookshire Camelot K 8 Elementary Elementary Elementary Revenue: Athletics $ 5,410 $ $ $ Music 18,921 2,593 510 Classes 7,530 659 500 3,244 Clubs 30,641 210 500 Departments 1,641 300 Trust 29,800 116,429 187,784 30,897 General 26,442 13,651 5,048 9,796 Total revenue 120,385 133,842 194,342 43,937 Expenditures: Athletics 6,636 Music 17,264 2,388 745 Classes 6,539 3,632 683 3,441 Clubs 30,178 508 450 Departments 1,300 304 205 967 Trust 28,583 113,544 179,694 33,788 General 33,738 9,756 5,999 14,221 Total expenditures 124,238 130,132 187,776 52,417 Excess of revenue over/ (under) expenditures before other financing sources (uses) (3,853) 3,710 6,566 (8,480) Other financing sources (uses): Intra fund transfers in 6,846 3,782 1,404 217 Intra fund transfers out (6,846) (3,782) (1,404) (217) Excess of revenue over/ (under) expenditures (3,853) 3,710 6,566 (8,480) Internal accounts payable beginning of year 34,609 8,991 19,114 19,269 Internal accounts payable end of year $ 30,756 $ 12,701 $ 25,680 $ 10,789 See independent auditor s report. 8

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Castle Creek Catalina Cheney Chickasaw Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 1,413 435 468 Classes 1,410 Clubs 354 Departments 3,300 255 Trust 11,829 5,655 97,127 129,789 General 13,863 4,023 7,009 7,405 Total revenue 32,169 9,678 104,571 137,917 Expenditures: Athletics Music 1,433 15 360 416 Classes 2,530 Clubs 1,153 Departments 3,560 45 166 Trust 25,944 3,907 95,729 129,525 General 3,626 8,910 6,870 8,276 Total expenditures 38,246 12,832 103,004 138,383 Excess of revenue over/ (under) expenditures before other financing sources (uses) (6,077) (3,154) 1,567 (466) Other financing sources (uses): Intra fund transfers in 982 543 100 424 Intra fund transfers out (982) (543) (100) (424) Excess of revenue over/ (under) expenditures (6,077) (3,154) 1,567 (466) Internal accounts payable beginning of year 15,155 9,043 9,623 12,134 Internal accounts payable end of year $ 9,078 $ 5,889 $ 11,190 $ 11,668 See independent auditor s report. 9

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Citrus Clarcona Clay Springs Columbia Elementary Elementary Elementary Elementary Revenue: Athletics $ 23 $ $ $ Music 430 860 675 6,542 Classes 5,750 34 Clubs 156 65 500 Departments 355 973 Trust 24,695 19,269 175,339 237,072 General 21,180 19,215 19,192 28,493 Total revenue 52,234 39,764 196,713 272,107 Expenditures: Athletics Music 546 904 120 6,746 Classes 5,473 1,333 Clubs 145 Departments 924 259 Trust 24,531 16,774 173,459 237,129 General 23,830 22,157 24,579 28,929 Total expenditures 54,525 39,835 200,415 273,063 Excess of revenue over/ (under) expenditures before other financing sources (uses) (2,291) (71) (3,702) (956) Other financing sources (uses): Intra fund transfers in 2,613 1,218 2,786 473 Intra fund transfers out (2,613) (1,218) (2,786) (473) Excess of revenue over/ (under) expenditures (2,291) (71) (3,702) (956) Internal accounts payable beginning of year 17,925 28,275 22,176 31,701 Internal accounts payable end of year $ 15,634 $ 28,204 $ 18,474 $ 30,745 See independent auditor s report. 10

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Cypress Cypress Conway Park Springs Deerwood Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 1,315 615 Classes 395 5,578 948 Clubs 40 Departments Trust 7,353 13,272 31,630 151,322 General 11,257 3,758 18,935 4,781 Total revenue 19,005 17,070 57,458 157,666 Expenditures: Athletics Music 1,381 1,041 Classes 100 5,746 855 Clubs 104 Departments 50 630 75 Trust 7,209 14,072 31,889 143,924 General 15,827 3,253 23,164 6,528 Total expenditures 23,036 17,579 62,810 152,423 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,031) (509) (5,352) 5,243 Other financing sources (uses): Intra fund transfers in 6,164 1,315 101 Intra fund transfers out (6,164) (1,315) (101) Excess of revenue over/ (under) expenditures (4,031) (509) (5,352) 5,243 Internal accounts payable beginning of year 22,329 10,994 14,631 18,240 Internal accounts payable end of year $ 18,298 $ 10,485 $ 9,279 $ 23,483 See independent auditor s report. 11

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Dillard Street Dommerich Dover Shores Dr. Phillips Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 339 1,394 310 Classes 755 697 3,145 Clubs 210 Departments 2,082 768 1,074 200 Trust 27,442 119,813 31,610 183,075 General 23,578 4,008 7,060 66,132 Total revenue 54,406 126,680 39,744 252,862 Expenditures: Athletics 54 96 Music 422 1,043 60 Classes 878 647 3,739 Clubs 67 Departments 1,493 967 918 Trust 23,656 103,915 31,676 188,946 General 32,376 18,714 10,969 65,010 Total expenditures 58,879 124,386 43,708 258,673 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,473) 2,294 (3,964) (5,811) Other financing sources (uses): Intra fund transfers in 2,607 1,329 200 413 Intra fund transfers out (2,607) (1,329) (200) (413) Excess of revenue over/ (under) expenditures (4,473) 2,294 (3,964) (5,811) Internal accounts payable beginning of year 24,957 70,756 23,725 30,084 Internal accounts payable end of year $ 20,484 $ 73,050 $ 19,761 $ 24,273 See independent auditor s report. 12

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Dream Lake Durrance Eagles Nest East Lake Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 615 6,163 Classes 765 590 200 9,134 Clubs 318 1,179 Departments 1,822 1,080 200 4,510 Trust 197,439 99,758 18,345 246,697 General 19,592 12,205 4,833 17,362 Total revenue 220,551 113,633 23,578 285,045 Expenditures: Athletics Music 733 4,082 Classes 304 338 200 6,740 Clubs 1,071 Departments 1,698 1,266 1,197 Trust 196,857 98,892 15,389 244,303 General 17,735 16,134 6,098 16,727 Total expenditures 217,327 116,630 21,687 274,120 Excess of revenue over/ (under) expenditures before other financing sources (uses) 3,224 (2,997) 1,891 10,925 Other financing sources (uses): Intra fund transfers in 2,727 1,921 106 30 Intra fund transfers out (2,727) (1,921) (106) (30) Excess of revenue over/ (under) expenditures 3,224 (2,997) 1,891 10,925 Internal accounts payable beginning of year 23,856 29,333 3,680 15,436 Internal accounts payable end of year $ 27,080 $ 26,336 $ 5,571 $ 26,361 See independent auditor s report. 13

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Eccleston Endeavor Engelwood Fern Creek Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 110 250 60 Classes 11,571 944 14 Clubs 96 3,054 Departments 102 1,344 Trust 4,898 28,737 4,720 34,225 General 4,654 9,753 5,725 6,000 Total revenue 21,431 41,544 11,639 41,643 Expenditures: Athletics Music 110 60 116 Classes 11,611 987 105 Clubs 96 4,322 Departments 115 90 477 Trust 4,971 28,235 5,357 26,653 General 3,080 10,611 6,028 9,722 Total expenditures 19,983 43,258 12,432 37,073 Excess of revenue over/ (under) expenditures before other financing sources (uses) 1,448 (1,714) (793) 4,570 Other financing sources (uses): Intra fund transfers in 224 97 Intra fund transfers out (224) (97) Excess of revenue over/ (under) expenditures 1,448 (1,714) (793) 4,570 Internal accounts payable beginning of year 7,678 34,560 6,153 14,323 Internal accounts payable end of year $ 9,126 $ 32,846 $ 5,360 $ 18,893 See independent auditor s report. 14

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Grand Avenue Primary Forsyth Woods Frangus Learning Hiawassee Elementary Elementary Center Elementary Revenue: Athletics $ $ $ $ Music 707 Classes Clubs 244 Departments Trust 13,246 15,471 8,630 11,883 General 3,841 17,688 4,082 6,133 Total revenue 17,331 33,866 12,712 18,016 Expenditures: Athletics Music 743 Classes Clubs 201 Departments Trust 12,863 15,512 8,814 10,602 General 2,384 16,458 5,229 5,290 Total expenditures 15,448 32,713 14,043 15,892 Excess of revenue over/ (under) expenditures before other financing sources (uses) 1,883 1,153 (1,331) 2,124 Other financing sources (uses): Intra fund transfers in 219 34 600 180 Intra fund transfers out (219) (34) (600) (180) Excess of revenue over/ (under) expenditures 1,883 1,153 (1,331) 2,124 Internal accounts payable beginning of year 3,593 21,831 9,953 7,831 Internal accounts payable end of year $ 5,476 $ 22,984 $ 8,622 $ 9,955 See independent auditor s report. 15

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Hunter's Hidden Oaks Hillcrest Hungerford Creek Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 393 11,214 1,260 Classes 1,537 Clubs 357 Departments 2,703 909 Trust 8,273 16,647 9,802 243,168 General 11,733 9,166 7,154 37,928 Total revenue 23,102 37,936 16,956 284,250 Expenditures: Athletics Music 412 11,858 1,676 Classes 1,292 Clubs 63 501 Departments 2,792 3,679 Trust 7,385 21,951 10,871 242,909 General 15,128 24,673 6,600 41,898 Total expenditures 25,717 62,224 17,471 288,276 Excess of revenue over/ (under) expenditures before other financing sources (uses) (2,615) (24,288) (515) (4,026) Other financing sources (uses): Intra fund transfers in 2,076 330 200 Intra fund transfers out (2,076) (330) (200) Excess of revenue over/ (under) expenditures (2,615) (24,288) (515) (4,026) Internal accounts payable beginning of year 9,972 45,105 14,957 39,577 Internal accounts payable end of year $ 7,357 $ 20,817 $ 14,442 $ 35,551 See independent auditor s report. 16

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Keene's Ivey Lane John Young Kaley Crossing Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ 22 $ Music 220 1,043 95 900 Classes 421 15,725 Clubs 510 2,976 Departments 380 4,796 Trust 10,853 185,650 9,814 79,113 General 711 13,370 5,676 26,669 Total revenue 12,164 200,063 16,538 130,179 Expenditures: Athletics 48 Music 217 1,043 95 903 Classes 95 209 16,118 Clubs 392 2,741 Departments 319 5,559 Trust 10,565 180,226 9,395 74,880 General 550 14,279 11,347 23,378 Total expenditures 11,746 195,548 21,486 123,579 Excess of revenue over/ (under) expenditures before other financing sources (uses) 418 4,515 (4,948) 6,600 Other financing sources (uses): Intra fund transfers in 198 1,215 1,624 897 Intra fund transfers out (198) (1,215) (1,624) (897) Excess of revenue over/ (under) expenditures 418 4,515 (4,948) 6,600 Internal accounts payable beginning of year 2,788 8,113 10,339 13,721 Internal accounts payable end of year $ 3,206 $ 12,628 $ 5,391 $ 20,321 See independent auditor s report. 17

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Killarney Lake Como Lake Gem Lake George Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 95 118 500 Classes 1,317 1,387 19,921 Clubs 36 Departments 2,370 Trust 12,079 11,369 2,910 151,692 General 7,632 5,544 16,302 9,221 Total revenue 21,123 20,824 19,712 180,834 Expenditures: Athletics Music 95 127 643 Classes 2,095 1,090 537 20,692 Clubs 186 Departments 669 Trust 11,707 9,214 4,699 152,601 General 9,229 6,352 17,443 8,666 Total expenditures 23,126 17,452 23,322 182,145 Excess of revenue over/ (under) expenditures before other financing sources (uses) (2,003) 3,372 (3,610) (1,311) Other financing sources (uses): Intra fund transfers in 1,500 684 50 Intra fund transfers out (1,500) (684) (50) Excess of revenue over/ (under) expenditures (2,003) 3,372 (3,610) (1,311) Internal accounts payable beginning of year 16,573 7,847 7,526 31,284 Internal accounts payable end of year $ 14,570 $ 11,219 $ 3,916 $ 29,973 See independent auditor s report. 18

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Lake Lake Silver Lake Sybelia Lake Weston Whitney Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 1,480 Classes 2,167 15,124 Clubs 4,063 Departments 4,395 Trust 109,307 50,160 403 40,758 General 12,973 4,377 683 19,548 Total revenue 122,280 62,579 1,086 79,493 Expenditures: Athletics Music 2,387 Classes 2,270 15,396 Clubs 125 2,290 Departments 8,069 Trust 111,391 49,286 58,679 General 15,485 5,765 30,496 Total expenditures 126,876 67,902 106,861 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,596) (5,323) 1,086 (27,368) Other financing sources (uses): Intra fund transfers in 2,970 364 186 2,945 Intra fund transfers out (2,970) (364) (186) (2,945) Excess of revenue over/ (under) expenditures (4,596) (5,323) 1,086 (27,368) Internal accounts payable beginning of year 19,334 19,190 2,843 47,240 Internal accounts payable end of year $ 14,738 $ 13,867 $ 3,929 $ 19,872 See independent auditor s report. 19

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Lawton Lakemont Lakeville Lancaster Chiles Elementary Elementary Elementary Elementary Revenue: Athletics $ $ 5,280 $ $ Music 1,171 4,870 790 Classes 6,128 1,000 Clubs 74 2,283 620 Departments 70 707 Trust 175,676 230,717 14,342 19,655 General 5,315 19,084 8,773 9,951 Total revenue 182,236 268,432 23,822 32,016 Expenditures: Athletics 5,511 66 Music 983 5,223 999 Classes 1,620 6,886 2,015 Clubs 95 650 511 Departments 609 742 Trust 164,929 229,070 15,151 18,419 General 8,569 26,345 18,657 10,998 Total expenditures 176,196 274,294 34,616 32,942 Excess of revenue over/ (under) expenditures before other financing sources (uses) 6,040 (5,862) (10,794) (926) Other financing sources (uses): Intra fund transfers in 13,473 216 66 1,271 Intra fund transfers out (13,473) (216) (66) (1,271) Excess of revenue over/ (under) expenditures 6,040 (5,862) (10,794) (926) Internal accounts payable beginning of year 23,161 45,657 17,877 14,548 Internal accounts payable end of year $ 29,201 $ 39,795 $ 7,083 $ 13,622 See independent auditor s report. 20

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Little River Lockhart Lovell Maxey Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 45 486 220 Classes 194 9,454 5,834 Clubs 608 315 Departments 750 383 535 Trust 6,981 620 15,617 9,796 General 3,996 7,711 7,947 9,642 Total revenue 12,574 18,654 24,414 25,492 Expenditures: Athletics Music 205 584 215 Classes 8 8,628 5,826 Clubs 329 303 Departments 2,410 382 519 Trust 8,151 735 14,380 6,594 General 6,037 7,210 7,320 8,004 Total expenditures 17,140 17,539 22,522 20,639 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,566) 1,115 1,892 4,853 Other financing sources (uses): Intra fund transfers in 550 612 383 153 Intra fund transfers out (550) (612) (383) (153) Excess of revenue over/ (under) expenditures (4,566) 1,115 1,892 4,853 Internal accounts payable beginning of year 19,686 9,753 19,565 3,817 Internal accounts payable end of year $ 15,120 $ 10,868 $ 21,457 $ 8,670 See independent auditor s report. 21

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Meadow McCoy Woods MetroWest Millennia Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music Classes 2,341 10,858 1,250 Clubs 445 735 Departments 2,471 5 Trust 12,110 99,223 259,527 212,164 General 10,146 11,103 46,691 9,924 Total revenue 24,727 113,117 317,811 223,338 Expenditures: Athletics Music 355 Classes 1,943 11,813 Clubs 486 767 Departments 2,469 1,069 3,052 Trust 11,888 99,126 264,241 209,376 General 13,902 11,846 32,892 11,872 Total expenditures 28,259 114,470 312,765 221,603 Excess of revenue over/ (under) expenditures before other financing sources (uses) (3,532) (1,353) 5,046 1,735 Other financing sources (uses): Intra fund transfers in 2,373 101 9,219 1,053 Intra fund transfers out (2,373) (101) (9,219) (1,053) Excess of revenue over/ (under) expenditures (3,532) (1,353) 5,046 1,735 Internal accounts payable beginning of year 17,952 9,677 30,434 17,201 Internal accounts payable end of year $ 14,420 $ 8,324 $ 35,480 $ 18,936 See independent auditor s report. 22

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Moss Northlake Park Mollie Ray Park Community Oak Hill Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 2,194 480 Classes 1,854 555 1,791 Clubs 15,090 90 223 Departments 2,000 191 Trust 16,661 90,959 65,804 44,480 General 3,872 60,838 5,628 6,855 Total revenue 24,387 169,636 73,504 52,038 Expenditures: Athletics Music 1,464 332 Classes 604 780 2,347 Clubs 11,460 81 223 Departments 2,243 62 Trust 13,659 84,649 63,762 43,059 General 4,371 62,674 3,772 6,107 Total expenditures 20,877 161,027 70,024 49,721 Excess of revenue over/ (under) expenditures before other financing sources (uses) 3,510 8,609 3,480 2,317 Other financing sources (uses): Intra fund transfers in 160 3,621 1,056 Intra fund transfers out (160) (3,621) (1,056) Excess of revenue over/ (under) expenditures 3,510 8,609 3,480 2,317 Internal accounts payable beginning of year 9,928 40,148 23,004 12,208 Internal accounts payable end of year $ 13,438 $ 48,757 $ 26,484 $ 14,525 See independent auditor s report. 23

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Orange Oakshire Ocoee Center Orlo Vista Elementary Elementary Elementary Elementary Revenue: Athletics $ $ 1,000 $ $ Music 55 95 45 Classes 6,802 12,731 Clubs 675 2,200 Departments 245 60 Trust 146,882 21,061 14,091 1,034 General 8,031 18,346 178 6,499 Total revenue 161,770 41,422 16,469 20,369 Expenditures: Athletics 520 Music 54 146 45 Classes 6,652 12,432 Clubs 70 Departments 58 Trust 146,216 18,693 12,759 1,416 General 8,327 19,156 310 6,693 Total expenditures 161,249 38,573 13,139 20,586 Excess of revenue over/ (under) expenditures before other financing sources (uses) 521 2,849 3,330 (217) Other financing sources (uses): Intra fund transfers in 490 1,449 240 218 Intra fund transfers out (490) (1,449) (240) (218) Excess of revenue over/ (under) expenditures 521 2,849 3,330 (217) Internal accounts payable beginning of year 6,750 22,293 949 14,610 Internal accounts payable end of year $ 7,271 $ 25,142 $ 4,279 $ 14,393 See independent auditor s report. 24

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Palm Lake Palmetto Pershing Pinar Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 100 Classes 7,286 300 Clubs 2,628 98 Departments 21,050 Trust 39,593 2,097 39,519 2,651 General 19,300 8,625 19,814 3,761 Total revenue 89,957 11,120 59,333 6,412 Expenditures: Athletics Music 543 Classes 5,080 Clubs 2,452 99 Departments 6,774 Trust 45,661 5,087 38,836 2,476 General 30,671 11,130 17,518 4,435 Total expenditures 91,181 16,316 56,354 6,911 Excess of revenue over/ (under) expenditures before other financing sources (uses) (1,224) (5,196) 2,979 (499) Other financing sources (uses): Intra fund transfers in 5,198 6 444 100 Intra fund transfers out (5,198) (6) (444) (100) Excess of revenue over/ (under) expenditures (1,224) (5,196) 2,979 (499) Internal accounts payable beginning of year 55,204 15,240 2,926 8,948 Internal accounts payable end of year $ 53,980 $ 10,044 $ 5,905 $ 8,449 See independent auditor s report. 25

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Pine Castle Pine Hills Pineloch Pinewood Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 5 Classes 907 4,414 750 Clubs 9 Departments 1,958 Trust 8,368 6,471 40,895 16,785 General 9,318 1,847 2,930 2,877 Total revenue 18,593 10,281 48,239 20,421 Expenditures: Athletics 35 Music 78 Classes 733 188 3,031 610 Clubs Departments 1,681 Trust 8,170 4,953 39,387 15,973 General 9,214 3,120 1,869 2,117 Total expenditures 18,117 9,977 44,287 18,778 Excess of revenue over/ (under) expenditures before other financing sources (uses) 476 304 3,952 1,643 Other financing sources (uses): Intra fund transfers in 338 41 527 Intra fund transfers out (338) (41) (527) Excess of revenue over/ (under) expenditures 476 304 3,952 1,643 Internal accounts payable beginning of year 3,577 8,128 44,438 16,809 Internal accounts payable end of year $ 4,053 $ 8,432 $ 48,390 $ 18,452 See independent auditor s report. 26

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Ridgewood Princeton Park Riverdale Riverside Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 1,110 326 56 Classes 8,773 Clubs 981 Departments 1,005 41 150 Trust 31,702 18,430 137,536 19,573 General 11,323 1,571 9,050 28,038 Total revenue 54,894 20,001 146,953 47,817 Expenditures: Athletics Music 1,362 361 56 Classes 7,660 257 Clubs 938 Departments 650 35 Trust 34,544 18,456 132,324 17,903 General 14,174 1,394 7,745 21,831 Total expenditures 59,328 19,850 140,465 40,047 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,434) 151 6,488 7,770 Other financing sources (uses): Intra fund transfers in 103 177 744 412 Intra fund transfers out (103) (177) (744) (412) Excess of revenue over/ (under) expenditures (4,434) 151 6,488 7,770 Internal accounts payable beginning of year 16,214 9,319 12,935 6,734 Internal accounts payable end of year $ 11,780 $ 9,470 $ 19,423 $ 14,504 See independent auditor s report. 27

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Rock Lake Rock Springs Rolling Hills Rosemont Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 74 1,706 5 Classes 756 933 90 Clubs 40 375 433 Departments 8,053 Trust 8,345 128,546 11,407 16,045 General 1,949 27,906 2,750 42,122 Total revenue 11,164 167,519 14,685 58,167 Expenditures: Athletics Music 1,313 5 Classes 300 1,576 415 Clubs 329 476 Departments 6,460 Trust 11,418 127,932 12,213 14,304 General 1,248 27,939 2,861 34,677 Total expenditures 12,966 165,549 15,970 48,981 Excess of revenue over/ (under) expenditures before other financing sources (uses) (1,802) 1,970 (1,285) 9,186 Other financing sources (uses): Intra fund transfers in 516 512 51 Intra fund transfers out (516) (512) (51) Excess of revenue over/ (under) expenditures (1,802) 1,970 (1,285) 9,186 Internal accounts payable beginning of year 12,262 24,521 7,340 33,706 Internal accounts payable end of year $ 10,460 $ 26,491 $ 6,055 $ 42,892 See independent auditor s report. 28

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Shingle Sadler Sand Lake Shenandoah Creek Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 627 783 Classes 340 5,247 2,151 Clubs 34 Departments 1,952 Trust 68,057 160,698 192,952 115,850 General 6,850 11,542 13,341 8,572 Total revenue 75,247 178,114 208,279 127,356 Expenditures: Athletics Music 891 471 Classes 312 6,651 18 1,598 Clubs Departments 231 1,567 Trust 67,770 158,121 193,535 114,938 General 8,406 11,787 14,861 14,390 Total expenditures 76,488 177,681 209,981 131,397 Excess of revenue over/ (under) expenditures before other financing sources (uses) (1,241) 433 (1,702) (4,041) Other financing sources (uses): Intra fund transfers in 369 701 488 746 Intra fund transfers out (369) (701) (488) (746) Excess of revenue over/ (under) expenditures (1,241) 433 (1,702) (4,041) Internal accounts payable beginning of year 6,510 17,328 21,958 11,747 Internal accounts payable end of year $ 5,269 $ 17,761 $ 20,256 $ 7,706 See independent auditor s report. 29

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Southwood Spring Lake Stone Lakes Sun Blaze Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 716 2,355 1,134 Classes 5,296 Clubs 46 Departments 348 152 Trust 25,590 29,695 291,159 148,015 General 12,396 3,340 19,773 27,737 Total revenue 38,702 33,035 313,635 182,380 Expenditures: Athletics 31 Music 627 2,355 1,069 Classes 2,229 2,495 Clubs Departments 723 Trust 48,077 30,603 291,257 141,571 General 24,535 486 24,180 18,662 Total expenditures 73,239 31,089 320,775 163,797 Excess of revenue over/ (under) expenditures before other financing sources (uses) (34,537) 1,946 (7,140) 18,583 Other financing sources (uses): Intra fund transfers in 1,019 3,528 2,200 Intra fund transfers out (1,019) (3,528) (2,200) Excess of revenue over/ (under) expenditures (34,537) 1,946 (7,140) 18,583 Internal accounts payable beginning of year 45,873 12,958 22,860 Internal accounts payable end of year $ 11,336 $ 14,904 $ 15,720 $ 18,583 See independent auditor s report. 30

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Sunset Sunridge Sunrise Park Tangelo Park Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 643 1,185 465 100 Classes 745 3,296 12,327 981 Clubs 3,626 8,618 8,771 1,576 Departments 22,499 7,072 Trust 31,505 203,607 42,276 3,267 General 24,037 19,221 31,372 4,320 Total revenue 60,556 258,426 102,283 10,244 Expenditures: Athletics Music 882 3,598 428 Classes 494 5,292 9,513 2,857 Clubs 2,966 9,132 7,258 1,491 Departments 14,849 6,087 Trust 31,407 206,834 41,485 3,486 General 25,477 20,616 21,583 7,533 Total expenditures 61,226 260,321 86,354 15,367 Excess of revenue over/ (under) expenditures before other financing sources (uses) (670) (1,895) 15,929 (5,123) Other financing sources (uses): Intra fund transfers in 566 9,103 60 1,680 Intra fund transfers out (566) (9,103) (60) (1,680) Excess of revenue over/ (under) expenditures (670) (1,895) 15,929 (5,123) Internal accounts payable beginning of year 8,340 51,509 22,760 10,019 Internal accounts payable end of year $ 7,670 $ 49,614 $ 38,689 $ 4,896 See independent auditor s report. 31

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Thornebrooke Three Points Tildenville Timber Lakes Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 250 2,541 320 Classes 4,800 1,824 16,773 Clubs 9,299 1,913 7,060 9,564 Departments 11,893 226 1,361 Trust 62,036 5,654 36,019 375,729 General 18,338 9,002 22,431 33,719 Total revenue 106,616 20,934 65,736 437,466 Expenditures: Athletics Music 311 2,599 1,390 Classes 5,815 1,765 15,282 Clubs 7,971 2,150 5,804 8,196 Departments 13,539 253 1,292 Trust 53,115 8,793 34,861 373,480 General 17,336 7,744 36,720 33,658 Total expenditures 98,087 23,051 77,638 433,298 Excess of revenue over/ (under) expenditures before other financing sources (uses) 8,529 (2,117) (11,902) 4,168 Other financing sources (uses): Intra fund transfers in 2,208 340 674 2,224 Intra fund transfers out (2,208) (340) (674) (2,224) Excess of revenue over/ (under) expenditures 8,529 (2,117) (11,902) 4,168 Internal accounts payable beginning of year 31,212 12,334 37,666 30,364 Internal accounts payable end of year $ 39,741 $ 10,217 $ 25,764 $ 34,532 See independent auditor s report. 32

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Washington Union Park Ventura Vista Lakes Shores Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 804 95 Classes 2,306 159 500 Clubs 612 Departments 1,863 120 Trust 15,003 109,063 42,287 20,831 General 8,678 1,457 20,349 2,229 Total revenue 26,791 110,679 64,594 24,292 Expenditures: Athletics Music 711 95 325 Classes 1,874 465 586 Clubs 671 200 217 Departments 2,688 Trust 16,221 108,860 40,859 21,799 General 12,170 5,368 20,018 3,294 Total expenditures 30,976 115,364 63,860 26,221 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,185) (4,685) 734 (1,929) Other financing sources (uses): Intra fund transfers in 995 54 1,407 Intra fund transfers out (995) (54) (1,407) Excess of revenue over/ (under) expenditures (4,185) (4,685) 734 (1,929) Internal accounts payable beginning of year 25,172 20,546 19,735 8,005 Internal accounts payable end of year $ 20,987 $ 15,861 $ 20,469 $ 6,076 See independent auditor s report. 33

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Waterbridge Waterford West Creek West Oaks Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 300 3,690 30 Classes 4,117 Clubs 4,204 1,225 Departments 1,729 Trust 29,322 138,712 54,438 102 General 11,714 14,704 15,943 728 Total revenue 41,336 167,156 71,636 830 Expenditures: Athletics Music 2,770 30 Classes 3,944 402 Clubs 444 3,596 1,631 Departments 1,965 Trust 34,946 138,628 57,723 General 19,203 10,056 26,553 1,259 Total expenditures 54,593 160,959 86,339 1,259 Excess of revenue over/ (under) expenditures before other financing sources (uses) (13,257) 6,197 (14,703) (429) Other financing sources (uses): Intra fund transfers in 573 259 120 Intra fund transfers out (573) (259) (120) Excess of revenue over/ (under) expenditures (13,257) 6,197 (14,703) (429) Internal accounts payable beginning of year 35,969 26,024 19,752 4,669 Internal accounts payable end of year $ 22,712 $ 32,221 $ 5,049 $ 4,240 See independent auditor s report. 34

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Whispering Westbrooke Wetherbee Wheatley Oak Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 6,831 942 1,160 2,751 Classes 13,371 659 117 22,284 Clubs 1,147 316 1,213 Departments 200 2,330 Trust 47,661 34,035 10,427 33,551 General 24,122 10,819 951 11,293 Total revenue 93,332 46,771 14,985 71,092 Expenditures: Athletics Music 6,939 117 1,118 3,088 Classes 13,059 659 155 21,902 Clubs 697 176 1,226 Departments 199 2,364 195 Trust 43,592 34,078 9,733 31,301 General 16,239 10,759 997 19,877 Total expenditures 80,725 45,789 14,367 77,589 Excess of revenue over/ (under) expenditures before other financing sources (uses) 12,607 982 618 (6,497) Other financing sources (uses): Intra fund transfers in 322 247 383 743 Intra fund transfers out (322) (247) (383) (743) Excess of revenue over/ (under) expenditures 12,607 982 618 (6,497) Internal accounts payable beginning of year 18,307 9,124 2,420 34,347 Internal accounts payable end of year $ 30,914 $ 10,106 $ 3,038 $ 27,850 See independent auditor s report. 35

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Windermere Windy Ridge Winegard Wolf Lake Elementary K 8 Elementary Elementary Revenue: Athletics $ $ 1,860 $ $ Music 9,339 326 Classes 37,422 10,408 15,174 Clubs 4,956 1,550 Departments 260 155 580 Trust 28,665 26,123 5,079 365,427 General 15,858 31,084 4,007 48,743 Total revenue 82,205 83,925 9,086 431,800 Expenditures: Athletics 1,745 Music 9,321 45 Classes 38,132 10,213 14,492 Clubs 4,717 1,146 Departments 260 318 2,937 Trust 31,747 29,254 1,837 369,074 General 42,350 51,102 3,848 51,788 Total expenditures 112,489 106,670 5,685 439,482 Excess of revenue over/ (under) expenditures before other financing sources (uses) (30,284) (22,745) 3,401 (7,682) Other financing sources (uses): Intra fund transfers in 2,131 248 901 Intra fund transfers out (2,131) (248) (901) Excess of revenue over/ (under) expenditures (30,284) (22,745) 3,401 (7,682) Internal accounts payable beginning of year 38,729 52,864 15,906 30,936 Internal accounts payable end of year $ 8,445 $ 30,119 $ 19,307 $ 23,254 See independent auditor s report. 36

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Wyndham Lakes Zellwood Total Elementary Elementary Elementary Revenue: Athletics $ $ $ 18,898 Music 8,405 30 142,369 Classes 5,749 391,553 Clubs 1,999 154,107 Departments 790 132,695 Trust 27,247 77,327 9,435,306 General 8,940 9,617 1,693,676 Total revenue 52,340 87,764 11,968,604 Expenditures: Athletics 18,606 Music 9,231 701 143,216 Classes 4,963 56 392,925 Clubs 2,081 139,815 Departments 121 117 125,150 Trust 29,393 77,257 9,371,308 General 9,413 11,551 1,895,576 Total expenditures 55,202 89,682 12,086,596 Excess of revenue over/ (under) expenditures before other financing sources (uses) (2,862) (1,918) (117,992) Other financing sources (uses): Intra fund transfers in 1,067 25 154,143 Intra fund transfers out (1,067) (25) (154,143) Excess of revenue over/ (under) expenditures (2,862) (1,918) (117,992) Internal accounts payable beginning of year 14,900 29,715 2,503,082 Internal accounts payable end of year $ 12,038 $ 27,797 $ 2,385,090 See independent auditor s report. 37

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Apopka Avalon Bridgewater Carver Middle Middle Middle Middle Revenue: Athletics $ 2,285 $ 6,605 $ 7,959 $ 4,110 Music 25,053 113,269 106,793 26,613 Classes 1,044 41,391 14,169 7,902 Clubs 6,247 6,576 3,625 1,728 Departments 14,281 53,288 7,242 Trust 33,508 57,356 119,089 8,580 General 15,292 20,281 27,785 7,423 Total revenue 97,710 298,766 286,662 56,356 Expenditures: Athletics 3,347 9,109 6,997 2,962 Music 22,249 96,163 102,598 25,351 Classes 721 39,967 12,741 6,709 Clubs 6,415 7,886 2,147 2,728 Departments 8,160 50,539 4,805 186 Trust 33,210 40,285 118,596 7,022 General 15,092 15,852 26,125 7,165 Total expenditures 89,194 259,801 274,009 52,123 Excess of revenue over/ (under) expenditures before other financing sources (uses) 8,516 38,965 12,653 4,233 Other financing sources (uses): Intra fund transfers in 973 1,796 2,428 899 Intra fund transfers out (973) (1,796) (2,428) (899) Excess of revenue over/ (under) expenditures 8,516 38,965 12,653 4,233 Internal accounts payable beginning of year 29,906 84,793 92,626 22,059 Internal accounts payable end of year $ 38,422 $ 123,758 $ 105,279 $ 26,292 See independent auditor s report. 38

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Chain of Lakes Conway Corner Lake Discovery Middle Middle Middle Middle Revenue: Athletics $ 2,116 $ 2,882 $ $ 2,407 Music 35,120 33,786 34,063 12,643 Classes 199 51,111 32,620 704 Clubs 11,294 3,837 13,001 17,445 Departments 14,526 27,778 35,695 5,354 Trust 55,242 16,259 15,473 34,339 General 14,943 15,593 12,211 13,727 Total revenue 133,440 151,246 143,063 86,619 Expenditures: Athletics 1,840 2,615 1,728 Music 33,381 30,905 34,755 11,912 Classes 599 52,328 33,416 1,119 Clubs 10,787 4,396 12,932 19,055 Departments 14,548 25,204 34,673 6,582 Trust 55,624 14,214 15,164 34,894 General 17,041 13,541 11,490 13,097 Total expenditures 133,820 143,203 142,430 88,387 Excess of revenue over/ (under) expenditures before other financing sources (uses) (380) 8,043 633 (1,768) Other financing sources (uses): Intra fund transfers in 600 1,944 Intra fund transfers out (600) (1,944) Excess of revenue over/ (under) expenditures (380) 8,043 633 (1,768) Internal accounts payable beginning of year 75,585 62,752 35,477 70,610 Internal accounts payable end of year $ 75,205 $ 70,795 $ 36,110 $ 68,842 See independent auditor s report. 39

Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Freedom Glenridge Gotha Howard Middle Middle Middle Middle Revenue: Athletics $ 5,102 $ 3,994 $ 4,823 $ 869 Music 47,247 19,798 34,654 81,619 Classes 19,332 9,177 27,174 2,475 Clubs 2,005 48,542 90,762 34,667 Departments 10,825 6,255 13,329 56,802 Trust 47,705 15,798 8,987 200,577 General 17,111 39,355 24,389 19,383 Total revenue 149,327 142,919 204,118 396,392 Expenditures: Athletics 7,554 4,377 4,082 791 Music 48,283 21,540 38,806 69,301 Classes 18,503 9,424 24,863 9,811 Clubs 3,669 43,383 89,461 18,389 Departments 11,490 4,436 6,535 35,687 Trust 43,817 14,762 8,941 194,312 General 20,488 78,478 13,753 15,559 Total expenditures 153,804 176,400 186,441 343,850 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,477) (33,481) 17,677 52,542 Other financing sources (uses): Intra fund transfers in 6,013 72 5,522 18,941 Intra fund transfers out (6,013) (72) (5,522) (18,941) Excess of revenue over/ (under) expenditures (4,477) (33,481) 17,677 52,542 Internal accounts payable beginning of year 37,782 70,530 68,965 153,554 Internal accounts payable end of year $ 33,305 $ 37,049 $ 86,642 $ 206,096 See independent auditor s report. 40