New Jersey Department of Education

DOE A to Z: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z #

School Finance

Outline for Annual Comprehensive Financial Report

(Note: * indicates SBB has unique format and/or preparation instructions)

Table of Contents

INTRODUCTORY SECTION

Letter of Transmittal
Organizational Chart
Roster of Officials
Consultants, Independent Auditors and Advisors

FINANCIAL SECTION

Independent Auditor’s Report

Required Supplementary Information – Part I
Management’s Discussion and Analysis

Basic Financial Statements

A. District/Charter School/Renaissance School Project -Wide Financial Statements:

A-1 Statement of Net Position
A-2 Statement of Activities

B. Fund Financial Statements:

Governmental Funds:

B-1* Balance Sheet
B-2* Statement of Revenues, Expenditures, and Changes in Fund Balances
B-3 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities

Proprietary Funds:

B-4 Statement of Net Position
B-5 Statement of Revenues, Expenses, and Changes in Fund Net Position
B-6 Statement of Cash Flows

Fiduciary Funds:

B-7 Statement of Fiduciary Net Position
B-8 Statement of Changes in Fiduciary Net Position

Notes to the Basic Financial Statements

Required Supplementary Information – Part II

C. Budgetary Comparison Schedules:

C-1* Budgetary Comparison Schedule – General Fund
C-1a* Combining Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual
C-2* Budgetary Comparison Schedule – Special Revenue Fund

Notes to the Required Supplementary Information - Part II

C-3 Budget-to-GAAP Reconciliation

Required Supplementary Information – Part III

L. Schedules Related to Accounting and Reporting for Pensions (GASB 68)

M. Schedules Related to Accounting and Reporting for Postemployment Benefits Other Than Pensions

M-1 Schedule of Changes in the Total OPEB Liability and Related Ratios
Other Supplementary Information

D. School Based Budget Schedules (if applicable)

D-1* Combining Balance Sheet
D-2* Blended Resource Fund – Schedule of Expenditures Allocated by Resource Type – Actual
D-3* Blended Resource Fund – Schedule of Blended Expenditures – Budget and Actual

E. Special Revenue Fund:

E-1 Combining Schedule of Program Revenues and Expenditures Special Revenue Fund-Budgetary Basis
E-2* Schedule(s) of Preschool Education Aid Expenditures – Preschool-All Programs- Budgetary Basis

F. Capital Projects Fund:

F-1 Summary Schedule of Project Expenditures
F-2 Summary Schedule of Revenues, Expenditures and Changes in Fund Balance- Budgetary Basis
F-2(x) Schedule(s) of Project Revenues, Expenditures, Project Balance and Project Status – Budgetary Basis

G. Proprietary Funds:

Enterprise Fund:
G-1 Combining Statement of Net Position
G-2 Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets
G-3 Combining Statement of Cash Flows
   
Internal Service Fund:
G-4 Combining Statement of Net Position
G-5 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position
G-6 Combining Statement of Cash Flows

H. Fiduciary Funds:(if applicable)

H-1 Combining Statement of Fiduciary Net Position
H-2 Combining Statement of Changes in Fiduciary Net Position

I. Long-Term Debt:

I-1 Schedule of Serial Bonds
I-2 Schedule of Obligations under Leases
I-3 Debt Service Fund Budgetary Comparison Schedule
I-4 Schedule of Obligations Under Subscription-Based Information Technology Arrangements

STATISTICAL SECTION (Unaudited)

Introduction to the Statistical Section

Financial Trends

J-1 Net Position by Component
J-2 Changes in Net Position
J-3 Fund Balances – Governmental Funds
J-4 Changes in Fund Balances – Governmental Funds
J-5 General Fund Other Local Revenue by Source

Revenue Capacity

J-6 Assessed Value and Estimated Actual Value of Taxable Property
J-7 Direct and Overlapping Property Tax Rates
J-8 Principal Property Taxpayers**
J-9 Property Tax Levies and Collections

Debt Capacity

J-10 Ratios of Outstanding Debt by Type
J-11 Ratios of General Bonded Debt Outstanding
J-12 Direct and Overlapping Governmental Activities Debt
J-13 Legal Debt Margin Information

Demographic and Economic Information

J-14 Demographic and Economic Statistics
J-15 Principal Employers

Operating Information

J-16 Full-time Equivalent District Employees by Function/Program
J-17 Operating Statistics
J-18 School Building Information
J-19 Schedule of Allowable Maintenance Expenditures by School Facility
J-20 Insurance Schedule
J-21 Charter School Performance Framework, Financial Performance, Fiscal Ratios; Renaissance School Project Framework, Financial Performance, Fiscal Ratios

**Private citizens should be listed as Individual Taxpayer 1, Individual Taxpayer 2, etc.  

SINGLE AUDIT SECTION

K-1 Report on Compliance and on Internal Control over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards
K-2 Report on Compliance with Requirements Applicable to Each Major
Program and on Internal Control Over Compliance in Accordance with OMB Circular A-133 and New Jersey OMB Circular Letter 04-04
K-3 Schedule of Expenditures of Federal Awards, Schedule A
K-4 Schedule of Expenditures of State Financial Assistance, Schedule B
K-5 Notes to the Schedules of Awards and Financial Assistance
K-6 Schedule of Findings and Questioned Costs
K-7 Summary Schedule of Prior Audit Findings