Orange County Public Schools€¦ · ORANGE COUNTY PUBLIC SCHOOLS MANAGEMENT’S DISCUSSION AND ANALYSIS June 30, 2013 As management of the District School Board of Orange County

Orange County Public Schools

Orlando, Florida

Annual Financial Report 2012-2013

FLORIDA DEPARTMENT OF EDUCATION SUPERINTENDENT’S ANNUAL FINANCIAL REPORT (ESE 145)

DISTRICT SCHOOL BOARD OF ORANGE COUNTY For the Fiscal Year Ended June 30, 2013

PAGE NUMBER CONTENTS: Minimum

Reporting

CAFR

Return completed form to: Department of Education Office of Funding and Financial Reporting 325 W. Gaines St., Room 824 Tallahassee, Florida 32399-0400

Exhibit A-1 Management’s Discussion and Analysis --------------------------------------------------- 1 1 Exhibit B-1 Statement of Net Position --------------------------------------------------------------------- 2 2 Exhibit B-2 Statement of Activities ------------------------------------------------------------------------ 3 3 Exhibit C-1 Balance Sheet – Governmental Funds ------------------------------------------------------ 4 4 Exhibit C-2 Reconciliation of the Governmental Funds Balance Sheet to the Government-

wide Statement of Net Position -------------------------------------------------------------- 5 5 Exhibit C-3 Statement of Revenues, Expenditures, and Changes in Fund Balances –

Governmental Funds -------------------------------------------------------------------------- 6 6 Exhibit C-4 Reconciliation of the Statement of Revenues, Expenditures, and Changes in

Fund Balances of Governmental Funds to the Government-wide Statement of Activities ---------------------------------------------------------------------------------------- 7 7

Exhibit C-5 Statement of Net Position – Proprietary Funds ------------------------------------------- 8 8 Exhibit C-6 Statement of Revenues, Expenses, and Changes in Fund Net Position –

Proprietary Funds ------------------------------------------------------------------------------ 9 9 Exhibit C-7 Statement of Cash Flows – Proprietary Funds -------------------------------------------- 10 10 Exhibit C-8 Statement of Fiduciary Net Position -------------------------------------------------------- 11 11 Exhibit C-9 Statement of Changes in Fiduciary Net Position ------------------------------------------ 12 12 Exhibit C-10 Combining Statement of Net Position – Major and Nonmajor Component Units -- 13 13 Exhibit C-11a-d Combining Statement of Activities – Major and Nonmajor Component Units ------ 14-17 14-17 Exhibit D-1 Notes to Financial Statements --------------------------------------------------------------- 18 18 Exhibit D-2 Schedule of Funding Progress --------------------------------------------------------------- 19-20 19-20 Exhibit E-1 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget

and Actual – General Fund ------------------------------------------------------------------- 21 21 Exhibit E-2a-d Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget

and Actual – Major Special Revenue Funds ----------------------------------------------- 22-25 22-25 Exhibit F-1a-d Combining Balance Sheet – Nonmajor Governmental Funds -------------------------- 26-29 Exhibit F-2a-d Combining Statement of Revenues, Expenditures, and Changes in Fund

Balances – Nonmajor Governmental Funds ----------------------------------------------- 30-33 Exhibit G-1 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget

and Actual – Nonmajor Special Revenue Funds ------------------------------------------ 34 Exhibit G-2 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget

and Actual – Debt Service Funds ----------------------------------------------------------- 35 Exhibit G-3 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget

and Actual – Capital Projects Funds -------------------------------------------------------- 36 Exhibit G-4 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget

and Actual – Permanent Fund ---------------------------------------------------------------- 37 Exhibit H-1 Combining Statement of Net Position – Nonmajor Enterprise Funds ----------------- 38 Exhibit H-2 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position

– Nonmajor Enterprise Funds ---------------------------------------------------------------- 39 Exhibit H-3 Combining Statement of Cash Flows – Nonmajor Enterprise Funds ------------------ 40 Exhibit H-4 Combining Statement of Net Position – Internal Service Funds ----------------------- 41 Exhibit H-5 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position

– Internal Service Funds ---------------------------------------------------------------------- 42 Exhibit H-6 Combining Statement of Cash Flows – Internal Service Funds ------------------------ 43 Exhibit I-1 Combining Statement of Fiduciary Net Position – Investment Trust Funds --------- 44 Exhibit I-2 Combining Statement of Changes in Net Position – Investment Trust Funds ------- 45 Exhibit I-3 Combining Statement of Fiduciary Net Position – Private-Purpose Trust Funds --- 46 Exhibit I-4 Combining Statement of Changes In Net Position – Private-Purpose Trust Funds - 47 Exhibit I-5 Combining Statement of Fiduciary Net Position – Pension Trust Funds ------------- 48 Exhibit I-6 Combining Statement of Changes In Net Position – Pension Trust Funds ----------- 49 Exhibit I-7 Combining Statement of Fiduciary Assets and Liabilities – Agency Funds ---------- 50 Exhibit I-8a-d Combining Statement of Changes in Assets and Liabilities – Agency Funds -------- 51-54 ESE 145

Exhibit A-1 Page 1a

ORANGE COUNTY PUBLIC SCHOOLS MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2013

As management of the District School Board of Orange County (the “District”), we offer readers of the District’s financial statements this narrative overview and analysis of the financial activities of the District for the fiscal year ended June 30, 2013. Financial Highlights

The assets and deferred outflows of the District exceeded its liabilities at the close of the most recent fiscal year by $3,220,426,682 (net position). Of this amount, $294,758,710 (unrestricted net position) may be used to meet the District’s ongoing obligations to citizens and creditors.

The District’s total net position increased by $202,412,879. This increase is primarily attributable to the ongoing investment of the District in new schools and the renovation of existing schools supported by sales tax proceeds and other capital outlay revenues.

Total revenues of $1,878,707,628 were comprised of general revenues in the amount of $1,735,287,493, or 92.4 percent, and program specific revenues from charges for services, grants and contributions in the amount of $143,420,136, or 7.6 percent.

For the year ended June 30, 2013, the District had $1,676,294,750 in expenses related to governmental activities; $143,420,136 of which were offset by program specific charges or services, grants and other sources. General revenues (primarily taxes and state funding programs) of $1,735,287,493 were sufficient to provide for the District’s programs.

As of the close of the current fiscal year, the District’s governmental funds reported combined ending fund balances of $1,543,265,269, an increase of $110,449,592 in comparison with the prior year. Approximately 4.0 percent of this total amount, $61,799,653, is available for spending at the District’s discretion for the purposes defined for each governmental fund (unassigned fund balance). The remaining balance in the amount of $1,481,465,616 has been designated as Nonspendable, Restricted, Committed or Assigned.

At the end of the current fiscal year, unassigned fund balance for the general fund was $61,799,653, or 4.9 percent of total general fund expenditures.

The District’s total long term debt for bonds, COP’s, and capital leases decreased by $31,682,564, or 2.2 percent, during the current fiscal year due to scheduled maturities.

Overview of the Financial Statements This discussion and analysis are intended to serve as an introduction to the District’s basic financial statements. The District’s basic financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements. Government-wide financial statements. The government-wide financial statements (or district-wide financial statements) are designed to provide a broad overview of the District’s finances, in a manner similar to a private-sector business. The statement of net position presents information on all of the District’s assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

Exhibit A-1 Page 1b


June 30, 2013

The statement of activities provides information showing how the District’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in the future fiscal periods (e.g., uncollected taxes, other post employment benefits, and earned but unused vacation and sick leave). All of the District’s activities and services are reported in the government-wide financial statements, including instruction, pupil support services, instructional support services, administrative support services, facility maintenance, transportation, and food services. Property taxes, state assistance, and interest and investment earnings finance most of these activities. Additionally, all capital and debt financing activities are reported here. The District currently does not report any business-type activities, which would include functions that are intended to recover all or a significant portion of their costs through user fees and charges. The government-wide financial statements include not only the District itself (known as the primary government), but also the School Board of Orange County Employee Benefits Trust and the Orange County School Board Leasing Corporation. The School Board of Orange County Employee Benefits Trust (Trust) and the Orange County School Board Leasing Corporation (Corporation), although also legally separate, were formed to administer the District’s group health and life insurance program and facilitate financing for the acquisition of facilities and equipment, respectively. Due to the substantive economic relationships between the District and the Trust and Corporation, their financial activities have been included as an integral part of the primary government. Fund financial statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the District can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds. Governmental funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The District maintains 13 individual governmental funds. Information is presented separately in the governmental balance sheets and in the governmental statements of revenues, expenditures and changes in fund balances for the general fund, Special Revenue – Other Federal Programs, Federal Economic Stimulus Programs, ARRA Economic Stimulus Debt Service, Capital Projects - Other, and ARRA Economic Stimulus Capital Projects which are considered to be major funds. Data from the other 7 governmental funds are combined into a single, aggregated presentation.

Exhibit A-1 Page 1c


June 30, 2013

Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements elsewhere in this report. The District adopts an annual appropriated budget for its general fund. A budgetary comparison statement has been provided for the general fund to demonstrate compliance with this budget. Proprietary funds. The District maintains one type of proprietary fund – internal service funds. Internal service funds are an accounting device used to accumulate and allocate costs internally among the District’s various functions. The District uses internal service funds to account for its self-insurance programs, employee benefits trust and printing services. Because these services benefit the District’s governmental functions, they have been included within governmental activities in the government-wide financial statements. The three internal service funds are combined into a single, aggregated presentation in the proprietary fund financial statements. Individual fund data for the internal service funds is provided in the form of combining statements elsewhere in this report. Fiduciary funds. Fiduciary funds, which for the District consist solely of agency funds, are used to account for resources held for the benefit of parties outside the District. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the District’s own programs. The accounting used for fiduciary funds is similar to that used for proprietary funds, except that agency funds do not report changes in fiduciary net assets, as agency fund assets should equal liabilities. Notes to the financial statements. The notes provide additional information that is essential to fully understanding the data provided in the government-wide and fund financial statements. Other information. The combining statements referred to earlier in connection with nonmajor governmental funds and internal service funds are presented immediately following the notes to the financial statements. Government-Wide Financial Analysis As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. In the case of the District, assets exceeded liabilities by $3,220,426,682 at the close of the most recent fiscal year.

Exhibit A-1 Page 1d


June 30, 2013

Governmental Activities PercentageJune 30, 2013 June 30, 2012 Change

Current and Other Assets 1,759,990,865$ 1,622,793,161$ 8.5%Capital Assets 3,184,957,617 3,126,706,685 1.9%Deferred Outflows 41,351,853 60,771,750 -32.0%

Total Assets and Deferred Outflows 4,986,300,335 4,810,271,596 3.7%

Long-Term Liabilities 1,611,131,258 1,651,705,459 -2.5%Other Liabilities 154,742,395 140,552,333 10.1%

Total Liabilities 1,765,873,653 1,792,257,792 -1.5%

Net PositionInvested in Capital Assets, Net of Related Debt 1,839,939,385 1,810,552,810 1.6%Restricted 1,085,728,587 1,004,657,537 8.1%Unrestricted 294,758,710 202,803,457 45.3%

Total Net Position 3,220,426,682$ 3,018,013,804$ 6.7%

Summary of Net Position

The largest portion of the District’s net position (57.1 percent) reflect its investment in existing capital assets (e.g., land, buildings, machinery, and equipment), net of accumulated depreciation and less any related debt used to acquire those assets that is still outstanding. The District uses these capital assets to provide educational and related services to its students; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. A portion of the District’s net position (30.3 percent) reflects its restricted net position for capital projects. The District will use these resources in a continuing effort to build and refurbish sufficient classroom space for the growing student population in Orange County, Florida. An additional portion of the District’s net position (9.2 percent) represents resources that are not subject to external restrictions on how they may be used. The balance of unrestricted net position of $294,758,710 may be used to meet the District’s ongoing obligations to citizens and creditors. At the end of the current fiscal year, the District is able to report positive balances in all three categories of net position. The District’s net position increased in total by $202,412,879 during the current fiscal year primarily as a result of a referendum providing an additional revenue source for construction and renovation of school buildings. Also contributing to the increase was other capital revenues invested in school buildings.

Exhibit A-1 Page 1e


June 30, 2013

Governmental ActivitiesPercentage

June 30, 2013 June 30, 2012 Change

RevenuesProgram Revenues

Charges for Services 25,398,955$ 27,462,087$ -7.5%Operating Grants and Contributions 110,919,743 63,679,682 74.2%Capital Grants and Contributions 7,101,438 30,156,218 -76.5%

General RevenuesProperty Taxes 704,853,276 710,708,248 -0.8%Local Sales Tax 181,301,579 170,826,443 6.1%

FEFP Not Restricted to Specific ProgGrants and Contributions not Restricted to Specific Programs 831,027,580 766,531,137 8.4%Investment Earnings 2,551,553 28,165,739 -90.9%Miscellaneous 15,553,501 27,862,418 -44.2%

Total Revenues 1,878,707,625 1,825,391,972 2.9%

ExpensesInstruction 872,344,750$ 835,193,445$ 4.4%Pupil Personnel Services 43,356,959 43,138,545 0.5%Instructional Media Services 15,303,137 15,127,197 1.2%Instruction and Curriculum Development 67,893,336 67,985,800 -0.1%Instructional Staff Training Services 37,878,658 37,211,322 1.8%Instruction Related Technology 11,608,854 10,650,123 9.0%Board of Education 3,314,563 3,209,298 3.3%General Administration 7,728,937 7,322,849 5.5%School Administration 94,678,038 92,097,454 2.8%Facilities Services 47,001,572 29,546,203 59.1%Fiscal Services 5,814,922 5,789,064 0.4%Food Services 79,241,915 72,567,053 9.2%Central Services 16,224,684 15,421,025 5.2%Pupil Transportation Services 74,242,614 68,703,132 8.1%Operation of Plant 96,008,891 96,304,524 -0.3%Maintenance of Plant 31,346,974 30,262,636 3.6%Administrative Technology Services 17,259,825 17,651,492 -2.2%Community Services 13,234,981 11,326,270 16.9%Interest on Long-Term Debt 64,212,587 72,868,673 -11.9%Unallocated Depreciation 77,598,551 107,710,692 -28.0%

Total Expenses 1,676,294,747 1,640,086,797 2.2%

Increase in Net Position 202,412,878 185,305,175 9.2%

Net Position - Beginning 3,018,013,804 2,832,708,629 6.5%Net Position - Ending 3,220,426,682$ 3,018,013,804$ 6.7%

Summary of Changes in Net Assets

For the Fiscal Year Ended

Exhibit A-1 Page 1f


June 30, 2013

The District’s net position increased by $202,412,878 during the current fiscal year. Key elements of the increase are as follows:

Sales Tax Referendum revenues received for the entire fiscal year for construction and renovation of school buildings.

Other capital revenues utilized for the construction of schools.

Expenses – Statement of Activities

Instruction52.0%

Pupil Personnel Services2.6%

Instructional Media Services0.9%

Instruction and Curriculum Development

4.1%Instructional Staff Training

Services2.3%

Instruction Related Technology0.7%

Board of Education0.2%

General Administration0.5%

School Administration5.6%

Facilities Services2.8%

Fiscal Services0.4%

Food Services4.7%

Central Services1.0%

Pupil Transportation Services4.4%

Operation of Plant5.7%

Maintenance of Plant1.9% Administrative Technology

Services1.0%

Community Services0.8% Interest on Long-term Debt

3.8%Unallocated Depreciation

4.6%

Revenues by Source – Statement of

Activities

Charges for Services1.4% Operating Grants and

Contributions5.9%

Capital Grants and Contributions

0.4%

Property Taxes37.5%

Local Sales Taxes9.7%

Impact Fees0.0%

Grants and Contributions Not Restricted to Specific

Programs44.2%

Investment Earnings0.1%

Miscellaneous0.8%

Exhibit A-1 Page 1g


June 30, 2013

Financial Analysis of the Government’s Funds As noted earlier, the District uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds. The focus of the District’s governmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing the District’s financing requirements. As of the end of the current fiscal year, the District’s governmental funds reported combined ending fund balances of $1,543,265,269, an increase of $110,449,592 in comparison with the prior year. Approximately 4.0 percent of this total amount ($61,799,653) constitutes unassigned fund balance. The remainder of fund balance is Nonspendable ($6,136,857), Restricted ($1,143,725,085), Committed ($.00) or Assigned ($331,603,674) to indicate that it is not available for new spending. The General Fund is the chief operating fund of the District. At the end of the current fiscal year, unassigned fund balance of the general fund was $61,799,653, while total fund balance was $413,567,867. As a measure of the general fund’s liquidity, it may be useful to compare both unassigned fund balance and total fund balance to total expenditures. Unassigned fund balance represents 4.9 percent of total general fund expenditures, while total fund balance represents 32.7 percent of that same amount. The fund balance of the District’s general fund increased by $33,337,516 during the current fiscal year. Key factors in this increase are as follows:

Planned expenditures for several major initiatives were delayed and expended after the end of the fiscal year.

Some positions were vacant longer than planned during the hiring process. Strategic fiscal management of resources. Funds reserved for future planned expenditures.

The Other Debt Service Fund, which is used to account for debt service activity for Certificates of Participation and capital leases, has a total fund balance of $29,870,782, all of which is reserved for the payment of debt. The net increase in fund balance during the current year in the other debt service fund was $17,508,978. The Other Capital Projects Fund, which is used to account for capital project activity funded sources such as Certificates of Participation, Sales Tax and Impact Fees, has a total fund balance of $863,297,975, all of which is reserved for specific capital projects. The net increase in fund balance during the current year in the other capital projects fund was $99,710,807 and resulted primarily from major construction projects not completed in the current fiscal year. It should also be noted that $863,297,975 the total fund balance has been restricted for capital projects at year-end.

Exhibit A-1 Page 1h


June 30, 2013

General Fund Budgetary Highlights There were no differences between the original budget and the final amended General Fund budget in total. The General Fund actual revenues exceeded the budgeted revenues by approximately $14.2 million. Other local revenue exceeded the budget by $18.2 million. The State revenue was lower by approximately $8.3 million. The General Fund actual expenditures were less than the budgeted appropriations by approximately $305.8 million. This was due to teaching positions remaining unfilled during the year, enhanced fiscal management of resources, as well as funds reserved for future planned expenditures. Capital Asset and Debt Administration Capital assets. The District’s investment in capital assets as of June 30, 2013, amounts to $3,184,957,617 (net of accumulated depreciation). This investment in capital assets includes land, construction in progress, improvements other than buildings, buildings and fixed equipment, furniture, fixtures and equipment, motor vehicles, audio-visual materials, and computer software. The total increase in the District’s investment in capital assets (net of accumulated depreciation) for the current fiscal year was $58,250,932 (1.9 percent). Major capital asset events during the current fiscal year included the following:

Rebuilding of Aloma Elementary School Rebuilding of Arbor Ridge K-8 Rebuilding of Brookshire Elementary School Rebuilding of Cypress Springs Elementary School Rebuilding of Dr. Phillips High School Rebuilding of Eccleston Elementary School Construction of a new elementary school at the Hackney Prairie Road Area site Rebuilding of Lancaster Elementary School Rebuilding of Oakridge High School Rebuilding of Princeton Elementary School Rebuilding of Rock Elementary School Construction of Sun Blaze Elementary School Construction of Westridge Middle School Rebuilding of Winegard Elementary School Rebuilding of Zellwood Elementary School

Exhibit A-1 Page 1i


June 30, 2013

Governmental ActivitiesJune 30, 2013 June 30, 2012

Land 257,051,408$ 252,770,456$ Improvements Other Than Buildings 8,889,715 8,426,327 Buildings and Fixed Equipment 2,773,779,608 2,645,146,543 Furniture, Fixtures, and Equipment 52,379,512 51,091,160 Motor Vehicles 34,337,822 39,831,123 Construction in Progress 52,969,918 123,554,695 Audio-Visual Materials - 325 Computer Software 5,549,635 5,886,056

Total Capital Assets 3,184,957,617$ 3,126,706,685$

Summary of Capital Assets(net of depreciation)

Additional information on the District’s capital assets can be found in the notes to the financial statements. Long-term debt. At the end of the current fiscal year, the District had total long-term debt outstanding of $1,375,514,260 none of which is considered to be general “bonded debt” (i.e., backed by the full faith and credit of the District). The District’s debt consisted of lease-purchase agreements payable, state school bonds payable, and obligations under capital leases, which are secured by specific revenue sources or the underlying assets.

Governmental ActivitiesJune 30, 2013 June 30, 2012

Lease-Purchase Agreements Payable 1,338,804,434$ 1,358,421,365$ State School Bonds Payable 20,320,000 24,115,000 Obligations Under Capital Leases 16,389,826 24,620,459

Total Debt 1,375,514,260$ 1,407,156,824$

Summary of Outstanding Debt

During the current fiscal year, the District’s total long-term debt decreased by $31,642,564 (2.2 percent). The District’s Moody’s rating changed for its certificates of participation. Fitch rating remained the same “AA” rating. Moody’s rating changed from an “Aa3” to a “Aa2” rating. The S&P rating remained at “AA-“ for its certificates of participation. Additional information on the District’s long-term debt can be found in the notes to the financial statements.

Exhibit A-1 Page 1j


June 30, 2013

Economic Factors and New Year’s Budgets and Rates

The unemployment rate in June 2013 for the District (Orlando, Florida) was 6.9 percent, a decrease of 1.9 percent from the prior year rate of 8.8 percent. The State’s average unemployment rate as of June 2013 was 7.1 percent. Florida’s unemployment rate has decreased 1.5 percent since last year while the nation’s also decreased 1.0 percent during the same time period from 8.6 to 7.6 percent.

Residential housing has rebounded over the past year, with more housing developments being approved. Related to the district’s student population, it’s expected to slightly increase over the next few years.

The factors below were considered in preparing the District’s budget for the 2014 fiscal year. Unassigned fund balance in the general fund at June 30, 2013 was $61,799,653. The District has assigned $320,827,203. Of this amount, $248,673,496 was assigned for Encumbrances and Budget Appropriations which are included in the 2014 fiscal year budget. The remainder, $72,153,708 for Other Postemployment Benefits (OPEB) is a long term liability and as such is not included in the 2014 fiscal year budget. Although current estimates indicate that no subsequent reductions will be required, the historical experience where adjustments were made in three of the past four years causes some concern regarding the consistency of state funding for the current year. The district has therefore been proactive and set aside adequate reserves to deal with such a contingency should it materialize. Requests for Information This financial report is designed to provide a general overview of the District’s finances for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Chief Financial Officer, Orange County Public Schools, 445 W. Amelia Street, Orlando, Florida, 32801.

Exhibit B-1Page 2

DISTRICT SCHOOL BOARD OF ORANGE COUNTY STATEMENT OF NET POSITIONJune 30, 2013

Account Governmental Business-type Total NonmajorASSETS Number Activities Activities Total Component UnitsCurrent Assets

Cash and Cash Equivalents 1110 204,478,248.66 204,478,248.66 0.00 0.00 0.00Investments 1160 1,468,424,937.17 1,468,424,937.17 0.00 0.00 0.00Taxes Receivable, Net 1120 0.00 0.00 0.00 0.00Accounts Receivable, Net 1130 1,430,670.96 1,430,670.96 0.00 0.00 0.00Interest Receivable on Investments 1170 1,054,747.12 1,054,747.12 0.00 0.00 0.00Due from Reinsurer 1180 0.00 0.00 0.00 0.00Deposits Receivable 1210 55,000.00 55,000.00 0.00 0.00 0.00Due From Other Agencies 1220 66,322,533.17 66,322,533.17 0.00 0.00 0.00Internal Balances 0.00 0.00 0.00 0.00Inventory 1150 6,172,236.14 6,172,236.14 0.00 0.00 0.00Prepaid Items 1230 0.00 0.00 0.00 0.00

Total Current Assets 1,747,938,373.22 0.00 1,747,938,373.22 0.00 0.00 0.00Noncurrent Assets:

Cash with Fiscal/Service Agents 1114 0.00 0.00 0.00 0.00Other Post-Employment Benefits Asset 1410 0.00 0.00 0.00 0.00Section 1011.13, F.S. Loan Proceeds 1420 0.00 0.00 0.00 0.00Debt Issuance Costs 1460 12,052,491.43 12,052,491.43 0.00 0.00 0.00Total Noncurrent Assets 12,052,491.43 0.00 12,052,491.43 0.00 0.00 0.00

Capital Assets:Land 1310 257,051,407.54 257,051,407.54 0.00 0.00 0.00Land Improvements - Nondepreciable 1315 0.00 0.00 0.00 0.00Construction in Progress 1360 52,969,917.48 52,969,917.48 0.00 0.00 0.00Improvements Other Than Buildings 1320 20,069,289.56 20,069,289.56 0.00 0.00 0.00

Less Accumulated Depreciation 1329 (11,179,574.17) (11,179,574.17) 0.00 0.00 0.00Buildings and Fixed Equipment 1330 3,388,960,886.61 3,388,960,886.61 0.00 0.00 0.00

Less Accumulated Depreciation 1339 (615,181,278.35) (615,181,278.35) 0.00 0.00 0.00Furniture, Fixtures and Equipment 1340 143,524,142.79 143,524,142.79 0.00 0.00 0.00

Less Accumulated Depreciation 1349 (91,144,631.06) (91,144,631.06) 0.00 0.00 0.00Motor Vehicles 1350 115,001,667.65 115,001,667.65 0.00 0.00 0.00

Less Accumulated Depreciation 1359 (80,663,845.91) (80,663,845.91) 0.00 0.00 0.00Property Under Capital Lease 1370 0.00 0.00 0.00 0.00

Less Accumulated Depreciation 1379 0.00 0.00 0.00 0.00Audiovisual Materials 1381 6,927.60 6,927.60 0.00 0.00 0.00

Less Accumulated Depreciation 1388 (6,927.60) (6,927.60) 0.00 0.00 0.00Computer Software 1382 7,530,062.75 7,530,062.75 0.00 0.00 0.00

Less Accumulated Amortization 1389 (1,980,427.63) (1,980,427.63) 0.00 0.00 0.00Other Capital Assets, Net of Depreciation 2,874,936,292.24 0.00 2,874,936,292.24 0.00 0.00 0.00

Total Capital Assets 3,184,957,617.26 0.00 3,184,957,617.26 0.00 0.00 0.00Total Assets 4,944,948,481.91 0.00 4,944,948,481.91 0.00 0.00 0.00DEFERRED OUTFLOWS OF RESOURCESAccumulated Decrease in Fair Value of Hedging Derivatives 1910 41,351,853.29 41,351,853.29 0.00 0.00 0.00Total Deferred Outflows of Resources 41,351,853.29 0.00 41,351,853.29 0.00 0.00 0.00LIABILITIESCurrent Liabilities:

Accrued Salaries and Benefits 2110 24,196,597.58 24,196,597.58 0.00 0.00 0.00Payroll Deductions and Withholdings 2170 578.62 578.62 0.00 0.00 0.00Accounts Payable 2120 33,659,400.12 33,659,400.12 0.00 0.00 0.00Judgments Payable 2130 0.00 0.00 0.00 0.00Construction Contracts Payable 2140 8,864,392.11 8,864,392.11 0.00 0.00 0.00Construction Contracts Payable - Retained Percentage 2150 6,178,668.23 6,178,668.23 0.00 0.00 0.00Sales Tax Payable 2260 4,497.50 4,497.50 0.00 0.00 0.00Due to Fiscal Agent 2240 2,116,047.50 2,116,047.50 0.00 0.00 0.00Accrued Interest Payable 2210 25,649,944.65 25,649,944.65 0.00 0.00 0.00Deposits Payable 2220 0.00 0.00 0.00 0.00Due to Other Agencies 2230 1,617,097.08 1,617,097.08 0.00 0.00 0.00Current Notes Payable 2250 0.00 0.00 0.00 0.00Deferred Revenues 2410 39,955,171.53 39,955,171.53 0.00 0.00 0.00Estimated Unpaid Claims - Self-Insurance Program 2271 12,500,000.00 12,500,000.00 0.00 0.00 0.00Estimated Liability for Claims Adjustment 2272 0.00 0.00 0.00 0.00Estimated Liability for Arbitrage Rebate 2280 0.00 0.00 0.00 0.00

Total Current Liabilities 154,742,394.92 0.00 154,742,394.92 0.00 0.00 0.00Long-Term Liabilities

Portion Due Within One Year:Notes Payable 2310 0.00 0.00 0.00 0.00Obligations Under Capital Leases 2315 6,986,450.26 6,986,450.26 0.00 0.00 0.00Bonds Payable 2320 3,995,000.00 3,995,000.00 0.00 0.00 0.00Liability for Compensated Absences 2330 11,781,738.00 11,781,738.00 0.00 0.00 0.00Lease-Purchase Agreements Payable 2340 24,629,005.95 24,629,005.95 0.00 0.00 0.00Estimated Liability for Long-Term Claims 2350 5,591,180.00 5,591,180.00 0.00 0.00 0.00Other Post-Employment Benefits Liability 2360 0.00 0.00 0.00 0.00Estimated PECO Advance Payable 2370 0.00 0.00 0.00 0.00Estimated Liability for Arbitrage Rebate 2280 0.00 0.00 0.00 0.00Due Within One Year 52,983,374.21 0.00 52,983,374.21 0.00 0.00 0.00

Portion Due After One Year:Notes Payable 2310 0.00 0.00 0.00 0.00Obligations Under Capital Leases 2315 9,403,375.38 9,403,375.38 0.00 0.00 0.00Bonds Payable 2320 16,325,000.00 16,325,000.00 0.00 0.00 0.00Liability for Compensated Absences 2330 98,061,896.00 98,061,896.00 0.00 0.00 0.00Lease-Purchase Agreements Payable 2340 1,314,175,428.30 1,314,175,428.30 0.00 0.00 0.00Estimated Liability for Long-Term Claims 2350 6,676,623.00 6,676,623.00 0.00 0.00 0.00Other Post-Employment Benefits Liability 2360 72,153,708.00 72,153,708.00 0.00 0.00 0.00Hedging Derivative Instruments 41,351,853.29 41,351,853.29 0.00 0.00 0.00Estimated Liability for Arbitrage Rebate 2280 0.00 0.00 0.00 0.00Due in More than One Year 1,558,147,883.97 0.00 1,558,147,883.97 0.00 0.00 0.00

Total Long-Term Liabilities 1,611,131,258.18 0.00 1,611,131,258.18 0.00 0.00 0.00Total Liabilities 1,765,873,653.10 0.00 1,765,873,653.10 0.00 0.00 0.00DEFERRED INFLOWS OF RESOURCESAccumulated Increase in Fair Value of Hedging Derivatives 2610 0.00 0.00 0.00 0.00Total Deferred Inflows of Resources 0.00 0.00 0.00 0.00 0.00 0.00NET POSITIONNet Investment in Capital Assets 2770 1,839,939,385.47 1,839,939,385.47 0.00 0.00 0.00Restricted For:

Categorical Carryover Programs 2780 22,953,628.59 22,953,628.59 0.00 0.00 0.00Food Service 2780 21,193,227.58 21,193,227.58 0.00 0.00 0.00Debt Service 2780 65,115,828.17 65,115,828.17 0.00 0.00 0.00Capital Projects 2780 976,465,902.40 976,465,902.40 0.00 0.00 0.00Other Purposes 2780 0.00 0.00 0.00 0.00

Unrestricted 2790 294,758,709.89 294,758,709.89 0.00 0.00 0.00Total Net Position 3,220,426,682.10 0.00 3,220,426,682.10 0.00 0.00 0.00

The accompanying notes to financial statements are an integral part of this statement.ESE 145

Primary Government Component UnitsMajor Component Unit

NameMajor Component Unit

Name

Exhibit B-2Page 3

DISTRICT SCHOOL BOARD OF ORANGE COUNTY STATEMENT OF ACTIVITIESFor the Fiscal Year Ended June 30, 2013

Operating CapitalAccount Charges for Grants and Grants and Governmental Business-Type Component

FUNCTIONS Number Expenses Services Contributions Contributions Activities Activities Total UnitsGovernmental Activities:

Instruction 5000 872,344,749.73 5,184,149.27 (867,160,600.46) (867,160,600.46)Student Personnel Services 6100 43,356,959.10 (43,356,959.10) (43,356,959.10)Instructional Media Services 6200 15,303,136.92 (15,303,136.92) (15,303,136.92)Instruction and Curriculum Development Services 6300 67,893,336.16 (67,893,336.16) (67,893,336.16)Instructional Staff Training Services 6400 37,878,658.11 (37,878,658.11) (37,878,658.11)Instructional-Related Technology 6500 11,608,854.20 (11,608,854.20) (11,608,854.20)Board 7100 3,314,562.53 (3,314,562.53) (3,314,562.53)General Administration 7200 7,728,937.35 (7,728,937.35) (7,728,937.35)School Administration 7300 94,678,037.85 (94,678,037.85) (94,678,037.85)Facilities Acquisition and Construction 7400 47,001,571.79 40,264,494.43 2,119,861.90 (4,617,215.46) (4,617,215.46)Fiscal Services 7500 5,814,922.54 (5,814,922.54) (5,814,922.54)Food Services 7600 79,241,914.82 12,592,160.81 70,655,248.37 4,005,494.36 4,005,494.36Central Services 7700 16,224,684.18 (16,224,684.18) (16,224,684.18)Student Transportation Services 7800 74,242,614.38 597,560.25 (73,645,054.13) (73,645,054.13)Operation of Plant 7900 96,008,891.08 (96,008,891.08) (96,008,891.08)Maintenance of Plant 8100 31,346,974.30 (31,346,974.30) (31,346,974.30)Administrative Technology Services 8200 17,259,825.20 (17,259,825.20) (17,259,825.20)Community Services 9100 13,234,981.34 7,025,084.81 (6,209,896.53) (6,209,896.53)Interest on Long-Term Debt 9200 64,212,587.44 4,981,575.75 (59,231,011.69) (59,231,011.69)Unallocated Depreciation/Amortization Expense* 77,598,550.66 (77,598,550.66) (77,598,550.66)

Total Governmental Activities 1,676,294,749.68 25,398,955.14 110,919,742.80 7,101,437.65 (1,532,874,614.09) (1,532,874,614.09)Business-type Activities:

Self-Insurance Consortium 0.00 0.00Daycare Operations 0.00 0.00Other Business-Type Activity 0.00 0.00

Total Business-Type Activities 0.00 0.00 0.00 0.00 0.00 0.00Total Primary Government 1,676,294,749.68 25,398,955.14 110,919,742.80 7,101,437.65 (1,532,874,614.09) 0.00 (1,532,874,614.09)Component Units:

Major Component Unit Major Component Unit Name 0.00 0.00 0.00 0.00 0.00Major Component Unit Major Component Unit Name 0.00 0.00 0.00 0.00 0.00Total Nonmajor Component Units 0.00 0.00 0.00 0.00 0.00

Total Component Units 0.00 0.00 0.00 0.00 0.00

General Revenues:Taxes:

Property Taxes, Levied for Operational Purposes 580,088,305.64 580,088,305.64 0.00Property Taxes, Levied for Debt Service 0.00 0.00Property Taxes, Levied for Capital Projects 124,764,969.85 124,764,969.85 0.00Local Sales Taxes 181,301,579.35 181,301,579.35 0.00

Grants and Contributions Not Restricted to Specific Programs 831,027,579.98 831,027,579.98 0.00Investment Earnings 2,551,553.46 2,551,553.46 0.00Miscellaneous 15,553,504.40 15,553,504.40 0.00Special Items 0.00 0.00Extraordinary Items 0.00 0.00Transfers 0.00 0.00Total General Revenues, Special Items, Extraordinary Items, and Transfers 1,735,287,492.68 0.00 1,735,287,492.68 0.00Change in Net Position 202,412,878.59 0.00 202,412,878.59 0.00Net Position - July 1, 2012 3,018,013,803.51 3,018,013,803.51 0.00Net Position - June 30, 2013 3,220,426,682.10 0.00 3,220,426,682.10 0.00

*This amount excludes the depreciation/amortization that is included in the direct expenses of the various functions.


Net (Expense) Revenueand Changes in Net Position

Primary GovernmentProgram Revenues

Exhibit C-1Page 4

DISTRICT SCHOOL BOARD OF ORANGE COUNTY BALANCE SHEETGOVERNMENTAL FUNDSJune 30, 2013

Other Federal ARRA Economic ARRA EconomicFederal Economic Stimulus Stimulus Debt Stimulus Capital Other Total

Account General Programs Programs Service Other Capital Projects Projects Governmental GovernmentalNumber 100 420 430 299 390 399 Funds Funds

ASSETS AND DEFERRED OUTFLOWS OF RESOURCESASSETSCash and Cash Equivalents 1110 186,427,465.49 0.00 0.00 0.00 0.00 0.00 8,050,783.17 194,478,248.66Investments 1160 247,179,109.10 0.00 17,579.54 60,088,579.43 852,931,822.54 644,653.20 190,856,188.55 1,351,717,932.36Taxes Receivable, Net 1120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Accounts Receivable, Net 1130 125,924.23 0.00 0.00 0.00 0.00 0.00 2,406.95 128,331.18Interest Receivable on Investments 1170 0.00 0.00 0.00 226,319.02 820,868.42 17.26 5,580.37 1,052,785.07Due From Reinsurer 1180 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Deposits Receivable 1210 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due From Other Funds:

Budgetary Funds 1141 10,265,109.40 0.00 0.00 0.00 0.00 0.00 0.00 10,265,109.40Internal Funds 1142 52,747.77 0.00 0.00 0.00 0.00 0.00 0.00 52,747.77

Due From Other Agencies 1220 12,282,478.12 12,546,399.06 775,842.65 0.00 27,769,756.59 0.00 12,130,070.75 65,504,547.17Inventory 1150 3,293,508.22 0.00 0.00 0.00 0.00 0.00 2,843,348.92 6,136,857.14Prepaid Items 1230 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Restricted Assets

Cash with Fiscal/Service Agents 1114 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Assets 459,626,342.33 12,546,399.06 793,422.19 60,314,898.45 881,522,447.55 644,670.46 213,888,378.71 1,629,336,558.75DEFERRED OUTFLOWS OF RESOURCESAccumulated Decrease in Fair Value of Hedging Derivatives 1910 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Deferred Outflows of Resources 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Assets and Deferred Outflows of Resources 459,626,342.33 12,546,399.06 793,422.19 60,314,898.45 881,522,447.55 644,670.46 213,888,378.71 1,629,336,558.75LIABILITIES, DEFERRED INFLOWS OF RESOURCES,

AND FUND BALANCESLIABILITIES Accrued Salaries and Benefits 2110 22,264,797.53 1,302,874.82 90,714.22 0.00 0.00 0.00 522,546.96 24,180,933.53Payroll Deductions and Withholdings 2170 578.62 0.00 0.00 0.00 0.00 0.00 0.00 578.62Accounts Payable 2120 22,282,617.92 1,464,253.89 101,840.84 0.00 3,383,857.15 644,670.46 4,215,356.68 32,092,596.94Judgments Payable 2130 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Construction Contracts Payable 2140 0.00 0.00 0.00 0.00 8,662,947.23 0.00 201,444.88 8,864,392.11Construction Contracts Payable - Retained Percentage 2150 0.00 0.00 0.00 0.00 6,177,668.23 0.00 1,000.00 6,178,668.23Sales Tax Payable 2260 4,497.50 0.00 0.00 0.00 0.00 0.00 0.00 4,497.50Matured Bonds Payable 2180 0.00 0.00 0.00 0.00 0.00 0.00 2,116,047.50 2,116,047.50Matured Interest Payable 2190 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due to Fiscal Agent 2240 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Accrued Interest Payable 2210 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Deposits Payable 2220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due to Other Agencies 2230 1,502,069.00 115,028.08 0.00 0.00 0.00 0.00 0.00 1,617,097.08Current Notes Payable 2250 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due to Other Funds:

Budgetary Funds 2161 0.00 9,664,242.27 600,867.13 0.00 0.00 0.00 0.00 10,265,109.40Internal Funds 2162 3,914.38 0.00 0.00 0.00 0.00 0.00 35,211.35 39,125.73

Deferred Revenues:Unearned Revenue 2410 0.00 0.00 0.00 0.00 0.00 0.00 712,243.53 712,243.53Unavailable Revenue 2410 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Liabilities 46,058,474.95 12,546,399.06 793,422.19 0.00 18,224,472.61 644,670.46 7,803,850.90 86,071,290.17DEFERRED INFLOWS OF RESOURCESAccumulated Increase in Fair Value of Hedging Derivatives 2610 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Deferred Inflows of Resources 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00FUND BALANCESNonspendable:

Inventory 2711 3,293,508.22 0.00 0.00 0.00 0.00 0.00 2,843,348.92 6,136,857.14Prepaid Amounts 2712 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Permanent Fund Principal 2713 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other Not in Spendable Form 2719 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Nonspendable Fund Balance 2710 3,293,508.22 0.00 0.00 0.00 0.00 0.00 2,843,348.92 6,136,857.14Restricted for:

Economic Stabilization 2721 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Federal Required Carryover Programs 2722 23,494,152.69 0.00 0.00 0.00 0.00 0.00 0.00 23,494,152.69State Required Carryover Programs 2723 4,153,349.94 0.00 0.00 0.00 0.00 0.00 0.00 4,153,349.94Local Sales Tax and Other Tax Levy 2724 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Debt Service 2725 0.00 0.00 0.00 60,314,898.45 0.00 0.00 30,450,874.37 90,765,772.82Capital Projects 2726 0.00 0.00 0.00 0.00 863,297,974.94 0.00 143,663,955.56 1,006,961,930.50Restricted for _________________ 2729 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Restricted for Food Service 2729 0.00 0.00 0.00 0.00 0.00 0.00 18,349,878.66 18,349,878.66

Total Restricted Fund Balance 2720 27,647,502.63 0.00 0.00 60,314,898.45 863,297,974.94 0.00 192,464,708.59 1,143,725,084.61Committed to:

Economic Stabilization 2731 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Contractual Agreements 2732 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Committed for ________________ 2739 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Committed for ________________ 2739 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Committed Fund Balance 2730 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Assigned to:

Special Revenue 2741 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Debt Service 2742 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Capital Projects 2743 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Permanent Fund 2744 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Assigned for General Fund 2749 320,827,203.49 0.00 0.00 0.00 0.00 0.00 0.00 320,827,203.49Assigned for Special Revenues - Other 2749 0.00 0.00 0.00 0.00 0.00 0.00 10,776,470.30 10,776,470.30

Total Assigned Fund Balance 2740 320,827,203.49 0.00 0.00 0.00 0.00 0.00 10,776,470.30 331,603,673.79

Total Unassigned Fund Balance 2750 61,799,653.04 0.00 0.00 0.00 0.00 0.00 0.00 61,799,653.04Total Fund Balances 2700 413,567,867.38 0.00 0.00 60,314,898.45 863,297,974.94 0.00 206,084,527.81 1,543,265,268.58Total Liabilities, Deferred Inflows of Resources,

and Fund Balances 459,626,342.33 12,546,399.06 793,422.19 60,314,898.45 881,522,447.55 644,670.46 213,888,378.71 1,629,336,558.75

ESE 145

Exhibit C-2Page 5

DISTRICT SCHOOL BOARD OF ORANGE COUNTY RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE GOVERNMENT-WIDE STATEMENT OF NET POSITIONFor the Fiscal Year Ended June 30, 2013

Total Fund Balances - Governmental Funds 1,543,265,269$

Amounts reported for governmental activities in the statement of net position are different because:

Capital assets, net of accumulated depreciation, used in governmental activities are notfinancial resources and, therefore, are not reported as assets in the governmental funds, Non-Depreciable Assets 310,021,325$ Depreciable Assets 2,874,936,292

3,184,957,617

Interest on long-term debt is accrued as a liability in the government-wide statementsbut is not recognized in the governmental funds until due, except for accrued interestreceived as part of a debt issue. Accrued Interest Payable - Government-Wide Statement of Net Position (25,649,945)

Impact fees earned but not available to pay for current expenses are not recognized as revenue in the governmental funds, but increase Due from Other Agencies in the statement of net position. 817,986

Debt issuance costs are not expensed in the government-wide statements but are reportedas deferred charges and amortized over the life of the debt. 12,052,491

Internal service funds are used by management to charge the costs of its self-insuranceprograms and the print shop. The assets and liabilities of the internal servicefunds are included in governmental activities in the statement of net position, less furnitureand equipment, net of accumulated depreciation. Total Assets - Internal Service Funds 128,074,415$ Less, Total Liabilities - Internal Service Funds (65,554,073) Less, Depreciable Assets Reported Above (25,477)

62,494,865

Long-term liabilities are not due and payable in the current period and; therefore, are notreported as liabilities in the governmental funds. Long-term liabilities at year-end consist of: Bonds Payable 20,320,000$ Obligations Under Capital Lease 16,389,826 Certificates of Participation 1,338,804,434 Compensated Absences Payable 109,843,634 Other Post Employment Benefits (OPEB) 72,153,708

(1,557,511,602)

Total Net Position - Governmental Activities 3,220,426,682$


Exhibit C-3Page 6

DISTRICT SCHOOL BOARD OF ORANGE COUNTY STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDSFor the Fiscal Year Ended June 30, 2013

Other Federal ARRA Economic ARRA EconomicFederal Economic Stimulus Stimulus Debt Stimulus Capital Other Total

Account General Programs Programs Service Other Capital Projects Projects Governmental GovernmentalNumber 100 420 430 299 390 399 Funds Funds

REVENUESFederal Direct 3100 1,290,063.15 15,002,961.56 0.00 1,789,712.60 0.00 0.00 0.00 18,082,737.31Federal Through State and Local 3200 4,307,201.11 113,558,840.09 7,956,868.39 0.00 0.00 0.00 69,505,688.37 195,328,597.96State Sources 3300 684,453,879.57 3,054.98 0.00 0.00 0.00 0.00 10,477,136.18 694,934,070.73Local Sources:

Property Taxes Levied, Tax Redemptions, and Excess Fees for OperationaPurposes

3411, 3421,3423 580,088,305.64 0.00 0.00 0.00 0.00 0.00 0.00 580,088,305.64

Property Taxes Levied, Tax Redemptions, and Excess Fees for Debt Service

3412, 3421, 3423 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Property Taxes Levied, Tax Redemptions, and Excess Fees for Capital Projects

3413, 3421, 3423 0.00 0.00 0.00 0.00 0.00 0.00 124,764,969.85 124,764,969.85

Local Sales Taxes 3418, 3419 0.00 0.00 0.00 0.00 181,301,579.35 0.00 0.00 181,301,579.35Charges for Service - Food Service 345X 0.00 0.00 0.00 0.00 0.00 0.00 12,592,160.81 12,592,160.81Impact Fees 3496 0.00 0.00 0.00 0.00 39,446,508.43 0.00 0.00 39,446,508.43Other Local Revenue 22,642,673.15 38,852.60 0.00 62,227.22 779,887.39 (10,110.78) 7,057,254.09 30,570,783.67Total Local Sources 3400 602,730,978.79 38,852.60 0.00 62,227.22 221,527,975.17 (10,110.78) 144,414,384.75 968,764,307.75

Total Revenues 1,292,782,122.62 128,603,709.23 7,956,868.39 1,851,939.82 221,527,975.17 (10,110.78) 224,397,209.30 1,877,109,713.75EXPENDITURESCurrent:

Instruction 5000 820,174,367.02 46,382,308.46 2,098,902.47 0.00 0.00 0.00 631,113.47 869,286,691.42Student Personnel Services 6100 29,755,383.34 13,413,061.93 0.00 0.00 0.00 0.00 6,859.77 43,175,305.04Instructional Media Services 6200 14,811,546.08 438,905.14 0.00 0.00 0.00 0.00 1,918.96 15,252,370.18Instruction and Curriculum Development Services 6300 41,924,497.36 23,869,791.83 1,769,097.62 0.00 0.00 0.00 30,389.76 67,593,776.57Instructional Staff Training Services 6400 10,637,200.87 25,100,435.20 1,882,635.82 0.00 0.00 0.00 105,261.55 37,725,533.44Instructional-Related Technology 6500 11,388,956.82 166,230.67 0.00 0.00 0.00 0.00 17,047.28 11,572,234.77Board 7100 3,187,675.01 114,522.52 0.00 0.00 0.00 0.00 0.00 3,302,197.53General Administration 7200 5,156,342.30 2,320,260.63 222,135.43 0.00 0.00 0.00 5,659.95 7,704,398.31School Administration 7300 93,887,175.21 311,681.99 0.00 0.00 0.00 0.00 138,745.76 94,337,602.96Facilities Acquisition and Construction 7410 8,082,756.60 5,258.43 0.00 0.00 16,130,518.63 45,417.65 1,613,218.55 25,877,169.86Fiscal Services 7500 5,617,606.18 174,181.49 0.00 0.00 0.00 0.00 0.00 5,791,787.67Food Services 7600 475.00 30,527.92 0.00 0.00 0.00 0.00 79,288,989.35 79,319,992.27Central Services 7700 15,162,312.77 529,245.05 457,045.13 0.00 0.00 0.00 14,067.26 16,162,670.21Student Transportation Services 7800 58,368,620.44 6,429,995.94 61,095.45 0.00 0.00 0.00 15,918.66 64,875,630.49Operation of Plant 7900 95,616,510.73 342,224.15 0.00 0.00 0.00 0.00 78,728.27 96,037,463.15Maintenance of Plant 8100 31,011,099.54 42,714.38 0.00 0.00 0.00 0.00 6,247.93 31,060,061.85Administrative Technology Services 8200 15,751,539.08 289,360.18 1,191,585.53 0.00 0.00 0.00 0.00 17,232,484.79Community Services 9100 1,030,708.48 6,573,441.50 139,177.98 0.00 0.00 0.00 5,472,519.06 13,215,847.02

Debt Service: (Function 9200)Retirement of Principal 710 0.00 0.00 0.00 0.00 0.00 0.00 29,392,238.11 29,392,238.11Interest 720 0.00 0.00 0.00 2,201,025.89 0.00 0.00 62,443,130.20 64,644,156.09Dues and Fees 730 0.00 0.00 0.00 50,801.64 0.00 0.00 929,822.73 980,624.37Miscellaneous 790 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Capital Outlay:Facilities Acquisition and Construction 7420 375,032.42 93,234.60 0.00 0.00 103,300,754.51 33,341,827.19 21,812,771.10 158,923,619.82Other Capital Outlay 9300 3,506,864.02 1,976,327.22 135,192.96 0.00 0.00 0.00 2,091,807.17 7,710,191.37

Total Expenditures 1,265,446,669.27 128,603,709.23 7,956,868.39 2,251,827.53 119,431,273.14 33,387,244.84 204,096,454.89 1,761,174,047.29Excess (Deficiency) of Revenues Over (Under) Expenditures 27,335,453.35 0.00 0.00 (399,887.71) 102,096,702.03 (33,397,355.62) 20,300,754.41 115,935,666.46OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Premium on Sale of Bonds 3791 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Discount on Sale of Bonds 891 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Proceeds of Lease-Purchase Agreements 3750 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Premium on Lease-Purchase Agreements 3793 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Discount on Lease-Purchase Agreements 893 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Loans 3720 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Sale of Capital Assets 3730 940,368.21 0.00 0.00 0.00 167,784.56 0.00 0.00 1,108,152.77Loss Recoveries 3740 75,773.10 0.00 0.00 0.00 0.00 0.00 0.00 75,773.10Proceeds of Forward Supply Contract 3760 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Proceeds from Special Facility Construction Account 3770 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Face Value of Refunding Bonds 3715 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Premium on Refunding Bonds 3792 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Discount on Refunding Bonds 892 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Refunding Lease-Purchase Agreements 3755 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Premium on Refunding Lease-Purchase Agreements 3794 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Discount on Refunding Lease-Purchase Agreements 894 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Transfers In 3600 11,655,921.68 0.00 0.00 7,000.00 0.00 0.00 104,683,349.73 116,346,271.41Transfers Out 9700 (6,670,000.00) 0.00 0.00 0.00 (2,553,679.54) 0.00 (113,792,591.87) (123,016,271.41)Total Other Financing Sources (Uses) 6,002,062.99 0.00 0.00 7,000.00 (2,385,894.98) 0.00 (9,109,242.14) (5,486,074.13)SPECIAL ITEMS__________________________________________ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net Change in Fund Balances 33,337,516.34 0.00 0.00 (392,887.71) 99,710,807.05 (33,397,355.62) 11,191,512.27 110,449,592.33Fund Balances, July 1, 2012 2800 380,230,351.04 0.00 0.00 60,707,786.16 763,587,167.89 33,397,355.62 194,893,015.54 1,432,815,676.25Adjustment to Fund Balances 2891 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Fund Balances, June 30, 2013 2700 413,567,867.38 0.00 0.00 60,314,898.45 863,297,974.94 0.00 206,084,527.81 1,543,265,268.58


Exhibit C-4Page 7

DISTRICT SCHOOL BOARD OF ORANGE COUNTY RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THEGOVERNMENT-WIDE STATEMENT OF ACTIVITIESFor the Fiscal Year Ended June 30, 2013

Net Change in Fund Balances - Governmental Funds 110,449,592$

Amounts reported for governmental activities in the statement of activities are different because:

Capital outlays are reported in governmental funds as expenditures. However, in thestatement of activities, the cost of those assets is allocated over their estimated useful livesas depreciation expense. This is the amount of capital outlays, donations, in excessof depreciation expense and gain on sale of capital assets in the current period.

Capital Outlay - Facilities and Construction - Governmental Funds 158,923,620$ Capital Outlay - Other Capital Outlay - Governmental Funds 7,710,191 Net Gain on Sale of Capital Assets (21,167,936) Less, Depreciation Expense (87,214,944)

58,250,932

Amortized expenses for prior year deferred charges and premiums on debt issues notreported in the governmental funds.

Deferred Charges on Certificates of Participation (931,379)$ Premium on Certificates of Participation 2,250,326

1,318,947

Repayment of long-term liabilities is an expenditure in the governmental funds, but the repaymentreduces long-term liabilities in the statement of net position.

Bonds Payable 3,795,000$ Obligations Under Capital Leases 8,230,633 Certificates of Participation 17,366,605

29,392,238

Interest on long-term debt is recognized as an expenditure in the governmental funds when due,but is recognized as interest accrues in the statement of activities.

Prior Year Accrual 25,743,191$ Less, Current Year Accrual (25,649,945)

93,246

Impact fees earned but not available to pay for current expenses are not recognized as revenue in the governmental funds, but accrued in the statement of net position. 817,986

In the statement of activities, the cost of compensated absences is measured by the amountsearned during the year, while in the governmental funds expenditures are recognized based onthe amounts actually paid for leave used. This is the net amount of vacation and sick leaveearned in excess of the amount used in the current period. (252,694)

Other Post-Employment Benefits (OPEB) costs are recorded in the governmental funds underthe pay-as-you-go method, but under the full accrual method in the Government-Widestatements.

Prior Year Accrual 61,813,352$ Less, Current Year Accrual (72,153,708)

(10,340,356)

Internal service funds are used by management to charge the cost of certain activities, such asinsurance to individual funds. The net revenue of internal service funds is reportedwith governmental activities plus the depreciation reported above. 12,682,988

Change in Net Assets - Governmental Activities 202,412,879$


Exhibit C-5Page 8

DISTRICT SCHOOL BOARD OF ORANGE COUNTY STATEMENT OF NET POSITIONPROPRIETARY FUNDSJune 30, 2013

GovernmentalActivities -

Account Internal ServiceNumber Funds

ASSETS Current Assets:

Cash and Cash Equivalents 1110 10,000,000.00Investments 1160 116,707,004.81Accounts Receivable, Net 1130 1,249,592.01Interest Receivable on Investments 1170 1,962.05Due From Reinsurer 1180 0.00Deposits Receivable 1210 5,000.00Due From Budgetary Funds 1141 0.00Due From Other Agencies 1220 0.00Inventory 1150 35,379.00Prepaid Items 1230 50,000.00

Total Current Assets 128,048,937.87Noncurrent Assets:

Cash with Fiscal/Service Agents 1114 0.00Other Post-Employment Benefits Asset 1410 0.00Investments 1460 0.00

Total Noncurrent Assets 0.00Capital Assets:

Land 1310 0.00Land Improvements - Nondepreciable 1315 0.00Construction in Progress 1360 0.00Improvements Other Than Buildings 1320 0.00

Accumulated Depreciation 1329 0.00Buildings and Fixed Equipment 1330 0.00

Accumulated Depreciation 1339 0.00Furniture, Fixtures and Equipment 1340 167,005.49

Accumulated Depreciation 1349 (141,528.74)Motor Vehicles 1350 0.00

Accumulated Depreciation 1359 0.00Property Under Capital Lease 1370 0.00

Accumulated Depreciation 1379 0.00Computer Software 1382 1,100.00

Accumulated Amortization 1389 (1,100.00)Other Capital Assets, Net of Depreciation 25,476.75

Total Capital Assets 25,476.75Total Assets 128,074,414.62DEFERRED OUTFLOWS OF RESOURCESAccumulated Decrease in Fair Value of Hedging Derivatives 1910 0.00Total Deferred Outflows of Resources 0.00LIABILITIES Current Liabilities:

Accrued Salaries and Benefits 2110 15,664.05Payroll Deductions and Withholdings 2170 0.00Accounts Payable 2120 1,527,677.45Judgments Payable 2130 0.00Sales Tax Payable 2260 0.00Accrued Interest Payable 2210 0.00Deposits Payable 2220 0.00Due to Budgetary Funds 2161 0.00Due to Other Agencies 2230 0.00Deferred Revenues 2410 39,242,928.00Estimated Unpaid Claims - Self-Insurance Program 2271 18,091,180.00Estimated Liability for Claims Adjustment 2272 0.00Total Current Liabilities 58,877,449.50

Long-Term LiabilitiesPortion Due Within One Year:Obligations Under Capital Leases 2315 0.00Liability for Compensated Absences 2330 0.00Estimated Liability for Long-Term Claims 2350 0.00Other Post-Employment Benefits Liability 2360 0.00Due Within One Year 0.00Portion Due After One Year:Obligations Under Capital Leases 2315 0.00Liability for Compensated Absences 2330 0.00Estimated Liability for Long-Term Claims 2350 6,676,623.00Other Post-Employment Benefits Liability 2360 0.00Due in More Than One Year 6,676,623.00Total Long-Term Liabilities 6,676,623.00

Total Liabilities 65,554,072.50DEFERRED INFLOWS OF RESOURCESAccumulated Increase in Fair Value of Hedging Derivatives 2610 0.00Total Deferred Inflows of Resources 0.00NET POSITIONNet Investment in Capital Assets 2770 0.00Restricted for ____________________ 2780 25,476.75Unrestricted 2790 62,494,865.37Total Net Position 62,520,342.12


Exhibit C-6Page 9

DISTRICT SCHOOL BOARD OF ORANGE COUNTY STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITIONPROPRIETARY FUNDSFor the Fiscal Year Ended June 30, 2013


Account Internal ServiceNumber Funds

OPERATING REVENUESCharges for Services 3481 5,220,871.38Charges for Sales 3482 0.00Premium Revenue 3484 176,656,900.84Other Operating Revenues 3489 1,013,560.54Total Operating Revenues 182,891,332.76OPERATING EXPENSESSalaries 100 695,713.82Employee Benefits 200 227,734.69Purchased Services 300 13,251,881.61Energy Services 400 82,500.00Materials and Supplies 500 491,565.88Capital Outlay 600 3,239.03Other 700 161,796,537.31Depreciation and Amortization Expense 780 0.00Total Operating Expenses 176,549,172.34Operating Income (Loss) 6,342,160.42NONOPERATING REVENUES (EXPENSES)Investment Income 3430 (328,224.25)Gifts, Grants, and Bequests 3440 0.00Other Miscellaneous Local Sources 3495 0.00Loss Recoveries 3740 0.00Gain on Disposition of Assets 3780 0.00Interest 720 0.00Miscellaneous 790 0.00Loss on Disposition of Assets 810 0.00Total Nonoperating Revenues (Expenses) (328,224.25)Income (Loss) Before Operating Transfers 6,013,936.17Transfers In 3600 6,670,000.00Transfers Out 9700 0.00SPECIAL ITEMS___________________________________________ 0.00EXTRAORDINARY ITEMS___________________________________________ 0.00Change In Net Position 12,683,936.17Net Position - July 1, 2012 2880 49,836,405.95Adjustment to Net Position 2896 0.00Net Position - June 30, 2013 2780 62,520,342.12


Exhibit C-7Page 10

DISTRICT SCHOOL BOARD OF ORANGE COUNTY STATEMENT OF CASH FLOWSPROPRIETARY FUNDSFor the Fiscal Year Ended June 30, 2013


Internal ServiceFunds

CASH FLOWS FROM OPERATING ACTIVITIESReceipts from customers and users 0.00Receipts from interfund services provided 181,861,745.17Payments to suppliers (171,731,476.20)Payments to employees (919,234.24)Payments for interfund services used 0.00Other receipts (payments) 1,013,560.54Net cash provided (used) by operating activities 10,224,595.27CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIESSubsidies from operating grants 0.00Transfers from other funds 6,670,000.00Transfers to other funds 0.00Net cash provided (used) by noncapital financing activities 6,670,000.00CASH FLOWS FROM CAPITAL AND RELATEDFINANCING ACTIVITIESProceeds from capital debt 0.00Capital contributions 0.00Proceeds from disposition of capital assets 0.00Acquisition and construction of capital assets (10,076.00)Principal paid on capital debt 0.00Interest paid on capital debt 0.00Net cash provided (used) by capital and related financing activities (10,076.00)CASH FLOWS FROM INVESTING ACTIVITIESProceeds from sales and maturities of investments 0.00Interest and dividends received (285,990.81)Purchase of investments (11,598,528.46)Net cash provided (used) by investing activities (11,884,519.27)Net increase (decrease) in cash and cash equivalents 5,000,000.00Cash and cash equivalents - July 1, 2012 5,000,000.00Cash and cash equivalents - June 30, 2013 10,000,000.00Reconciliation of operating income (loss) to net cash provided (used) by operating activities:Operating income (loss) 6,342,160.42Adjustments to reconcile operating income (loss) to net cashprovided (used) by operating activities:

Depreciation/Amortization expense 9,127.46Commodities used from USDA program 0.00Change in assets and liabilities:

(Increase) decrease in accounts receivable (16,027.05)(Increase) decrease in interest receivable 0.00(Increase) decrease in due from reinsurer 0.00(Increase) decrease in deposits receivable 0.00(Increase) decrease in due from other funds 0.00(Increase) decrease in due from other agencies 0.00(Increase) decrease in inventory (17,948.00)(Increase) decrease in prepaid items 0.00Increase (decrease) in salaries and benefits payable 4,214.27Increase (decrease) in payroll tax liabilities 0.00Increase (decrease) in accounts payable (604,938.83)Increase (decrease) in judgments payable 0.00Increase (decrease) in sales tax payable 0.00Increase (decrease) in accrued interest payable 0.00Increase (decrease) in deposits payable 0.00Increase (decrease) in due to other funds 0.00Increase (decrease) in due to other agencies 0.00Increase (decrease) in advanced/deferred revenue 2,612,797.00Increase (decrease) in estimated unpaid claims - Self-Insurance Programs 1,895,210.00Increase (decrease) in estimated liability for claims adjustment 0.00

Total adjustments 3,882,434.85Net cash provided (used) by operating activities 10,224,595.27Noncash investing, capital, and financing activities:Borrowing under capital lease 0.00Contributions of capital assets 0.00Purchase of equipment on account 0.00Capital asset trade-ins 0.00Net Increase/(Decrease) in the fair value of investments 0.00Commodities received through USDA program 0.00


Exhibit C-8Page 11

DISTRICT SCHOOL BOARD OF ORANGE COUNTY STATEMENT OF FIDUCIARY ASSETS AND LIABILITIESFIDUCIARY FUNDSJune 30, 2013

TotalAgency

Account FundsNumber 89X

ASSETS Cash and Cash Equivalents 1110 10,394,358.00Investments 1160 4,529,902.00Accounts Receivable, Net 1130 122,481.00Interest Receivable on Investments 1170 0.00Due From Budgetary Funds 1141 0.00Inventory 1150 347,632.00Due From Other Agencies 1220 0.00Total Assets 15,394,373.00DEFERRED OUTFLOWS OF RESOURCESAccumulated Decrease in Fair Value of Hedging Derivatives 1910Total Deferred Outflows of ResourcesLIABILITIES Accrued Salaries and Benefits 2110 0.00Payroll Deductions and Withholdings 2170 0.00Accounts Payable 2120 404,430.00Due to Other Agencies 2230Due to Budgetary Funds 2161 0.00Internal Accounts Payable 2290 14,989,943.00Total Liabilities 15,394,373.00DEFERRED INFLOWS OF RESOURCESAccumulated Increase in Fair Value of Hedging Derivatives 2610Total Deferred Inflows of ResourcesNET POSITIONHeld in Trust for Pension BenefitsHeld in Trust for Scholarships and Other PurposesTotal Net Position


Exhibit C-9Page 12

DISTRICT SCHOOL BOARD OF ORANGE COUNTY STATEMENT OF CHANGES IN FIDUCIARY NET POSITIONFIDUCIARY FUNDSFor the Fiscal Year Ended June 30, 2013

Total Total TotalInvestment Private-Purpose Pension

Account Trust Funds Trust Funds Trust FundsNumber 84X 85X 87X

ADDITIONSContributions:

Employer 0.00 0.00 0.00Plan Members 0.00 0.00 0.00Gifts, Grants, and Bequests 3440 0.00 0.00 0.00

Investment Earnings:Interest on Investments 3431 0.00 0.00 0.00Gain on Sale of Investments 3432 0.00 0.00 0.00Net Increase (Decrease) in the Fair Value of Investments 3433 0.00 0.00 0.00Total Investment Earnings 0.00 0.00 0.00Less Investment Expense 0.00 0.00 0.00 Net Investment Earnings 0.00 0.00 0.00

Total Additions 0.00 0.00 0.00DEDUCTIONSSalaries 100 0.00 0.00 0.00Employee Benefits 200 0.00 0.00 0.00Purchased Services 300 0.00 0.00 0.00Other 700 0.00 0.00 0.00Refunds of Contributions 0.00 0.00 0.00Administrative Expenses 0.00 0.00 0.00Total Deductions 0.00 0.00 0.00Change In Net Position 0.00 0.00 0.00Net Position - July 1, 2012 2885 0.00 0.00 0.00Net Position - June 30, 2013 2785 0.00 0.00 0.00


Exhibit C-10Page 13

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF NET POSITIONMAJOR AND NONMAJOR COMPONENT UNITSJune 30, 2013

Major Major Total Nonmajor TotalAccount Component Unit Component Unit Component ComponentNumber Name Name Units Units


Cash and Cash Equivalents 1110 0.00 0.00 0.00 0.00Investments 1160 0.00 0.00 0.00 0.00Taxes Receivable, Net 1120 0.00 0.00 0.00 0.00Accounts Receivable, Net 1130 0.00 0.00 0.00 0.00Interest Receivable on Investments 1170 0.00 0.00 0.00 0.00Due from Reinsurer 1180 0.00 0.00 0.00 0.00Deposits Receivable 1210 0.00 0.00 0.00 0.00Due from Other Agencies 1220 0.00 0.00 0.00 0.00Internal Balances 0.00 0.00 0.00 0.00Inventory 1150 0.00 0.00 0.00 0.00Prepaid Items 1230 0.00 0.00 0.00 0.00

Total Current Assets 0.00 0.00 0.00 0.00Noncurrent Assets:

Cash with Fiscal/Service Agents 1114 0.00 0.00 0.00 0.00Other Post-Employment Benefits Asset 1410 0.00 0.00 0.00 0.00Section 1011.13, F.S. Loan Proceeds 1420 0.00 0.00 0.00 0.00Investments 1460 0.00 0.00 0.00 0.00

Total Noncurrent Assets 0.00 0.00 0.00 0.00Capital Assets:

Land 1310 0.00 0.00 0.00 0.00Land Improvements - Nondepreciable 1315 0.00 0.00 0.00 0.00Construction in Progress 1360 0.00 0.00 0.00 0.00Improvements Other Than Buildings 1320 0.00 0.00 0.00 0.00

Less Accumulated Depreciation 1329 0.00 0.00 0.00 0.00Buildings and Fixed Equipment 1330 0.00 0.00 0.00 0.00

Less Accumulated Depreciation 1339 0.00 0.00 0.00 0.00Furniture, Fixtures and Equipment 1340 0.00 0.00 0.00 0.00

Less Accumulated Depreciation 1349 0.00 0.00 0.00 0.00Motor Vehicles 1350 0.00 0.00 0.00 0.00

Less Accumulated Depreciation 1359 0.00 0.00 0.00 0.00Property Under Capital Lease 1370 0.00 0.00 0.00 0.00

Less Accumulated Depreciation 1379 0.00 0.00 0.00 0.00Audiovisual Materials 1381 0.00 0.00 0.00 0.00

Less Accumulated Depreciation 1388 0.00 0.00 0.00 0.00Computer Software 1382 0.00 0.00 0.00 0.00

Less Accumulated Amortization 1389 0.00 0.00 0.00 0.00Other Capital Assets, Net of Depreciation 0.00 0.00 0.00 0.00

Total Capital Assets 0.00 0.00 0.00 0.00Total Assets 0.00 0.00 0.00 0.00DEFERRED OUTFLOWS OF RESOURCESAccumulated Decrease in Fair Value of Hedging Derivatives 1910 0.00 0.00 0.00 0.00Total Deferred Outflows of Resources 0.00 0.00 0.00 0.00LIABILITIESCurrent Liabilities:

Accrued Salaries and Benefits 2110 0.00 0.00 0.00 0.00Payroll Deductions and Withholdings 2170 0.00 0.00 0.00 0.00Accounts Payable 2120 0.00 0.00 0.00 0.00Judgments Payable 2130 0.00 0.00 0.00 0.00Construction Contracts Payable 2140 0.00 0.00 0.00 0.00Construction Contracts Payable - Retained Percentage 2150 0.00 0.00 0.00 0.00Sales Tax Payable 2260 0.00 0.00 0.00 0.00Due to Fiscal Agent 2240 0.00 0.00 0.00 0.00Accrued Interest Payable 2210 0.00 0.00 0.00 0.00Deposits Payable 2220 0.00 0.00 0.00 0.00Due to Other Agencies 2230 0.00 0.00 0.00 0.00Current Notes Payable 2250 0.00 0.00 0.00 0.00Deferred Revenues 2410 0.00 0.00 0.00 0.00Estimated Unpaid Claims - Self-Insurance Program 2271 0.00 0.00 0.00 0.00Estimated Liability for Claims Adjustment 2272 0.00 0.00 0.00 0.00Estimated Liability for Arbitrage Rebate 2280 0.00 0.00 0.00 0.00

Total Current Liabilities 0.00 0.00 0.00 0.00Long-Term Liabilities

Portion Due Within One Year:Notes Payable 2310 0.00 0.00 0.00 0.00Obligations Under Capital Leases 2315 0.00 0.00 0.00 0.00Bonds Payable 2320 0.00 0.00 0.00 0.00Liability for Compensated Absences 2330 0.00 0.00 0.00 0.00Lease-Purchase Agreements Payable 2340 0.00 0.00 0.00 0.00Estimated Liability for Long-Term Claims 2350 0.00 0.00 0.00 0.00Other Post-Employment Benefits Liability 2360 0.00 0.00 0.00 0.00Estimated PECO Advance Payable 2370 0.00 0.00 0.00 0.00Estimated Liability for Arbitrage Rebate 2280 0.00 0.00 0.00 0.00Due within One Year 0.00 0.00 0.00 0.00

Portion Due After One Year:Notes Payable 2310 0.00 0.00 0.00 0.00Obligations Under Capital Leases 2315 0.00 0.00 0.00 0.00Bonds Payable 2320 0.00 0.00 0.00 0.00Liability for Compensated Absences 2330 0.00 0.00 0.00 0.00Lease-Purchase Agreements Payable 2340 0.00 0.00 0.00 0.00Estimated Liability for Long-Term Claims 2350 0.00 0.00 0.00 0.00Other Post-Employment Benefits Liability 2360 0.00 0.00 0.00 0.00Estimated PECO Advance Payable 2370 0.00 0.00 0.00 0.00Estimated Liability for Arbitrage Rebate 2280 0.00 0.00 0.00 0.00Due in More than One Year 0.00 0.00 0.00 0.00

Total Long-Term Liabilities 0.00 0.00 0.00 0.00Total Liabilities 0.00 0.00 0.00 0.00DEFERRED INFLOWS OF RESOURCESAccumulated Increase in Fair Value of Hedging Derivatives 2610 0.00 0.00 0.00 0.00Total Deferred Inflows of Resources 0.00 0.00 0.00 0.00NET POSITIONNet Investment in Capital Assets 2770 0.00 0.00 0.00 0.00Restricted For:

Categorical Carryover Programs 2780 0.00 0.00 0.00 0.00Food Service 2780 0.00 0.00 0.00 0.00Debt Service 2780 0.00 0.00 0.00 0.00Capital Projects 2780 0.00 0.00 0.00 0.00Other Purposes 2780 0.00 0.00 0.00 0.00

Unrestricted 2790 0.00 0.00 0.00 0.00Total Net Position 0.00 0.00 0.00 0.00


NOTE: Component units will be added upon completion of their audits.

Exhibit C-11aPage 14

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF ACTIVITIES MAJOR AND NONMAJOR COMPONENT UNITSMajor Component Unit Name Net (Expense)For the Fiscal Year Ended June 30, 2013 Revenue and Changes

in Net PositionOperating Capital

Account Charges for Grants and Grants and Component UnitFUNCTIONS Number Expenses Services Contributions Contributions ActivitiesComponent Unit Activities:

Instruction 5000 0.00 0.00 0.00 0.00 0.00Student Personnel Services 6100 0.00 0.00 0.00 0.00 0.00Instructional Media Services 6200 0.00 0.00 0.00 0.00 0.00Instruction and Curriculum Development Services 6300 0.00 0.00 0.00 0.00 0.00Instructional Staff Training Services 6400 0.00 0.00 0.00 0.00 0.00Instructional-Related Technology 6500 0.00 0.00 0.00 0.00 0.00Board 7100 0.00 0.00 0.00 0.00 0.00General Administration 7200 0.00 0.00 0.00 0.00 0.00School Administration 7300 0.00 0.00 0.00 0.00 0.00Facilities Acquisition and Construction 7400 0.00 0.00 0.00 0.00 0.00Fiscal Services 7500 0.00 0.00 0.00 0.00 0.00Food Services 7600 0.00 0.00 0.00 0.00 0.00Central Services 7700 0.00 0.00 0.00 0.00 0.00Student Transportation Services 7800 0.00 0.00 0.00 0.00 0.00Operation of Plant 7900 0.00 0.00 0.00 0.00 0.00Maintenance of Plant 8100 0.00 0.00 0.00 0.00 0.00Administrative Technology Services 8200 0.00 0.00 0.00 0.00 0.00Community Services 9100 0.00 0.00 0.00 0.00 0.00Interest on Long-Term Debt 9200 0.00 0.00 0.00 0.00 0.00Unallocated Depreciation/Amortization Expense* 0.00 0.00

Total Component Unit Activities 0.00 0.00 0.00 0.00 0.00


Property Taxes, Levied for Operational Purposes 0.00Property Taxes, Levied for Debt Service 0.00Property Taxes, Levied for Capital Projects 0.00Local Sales Taxes 0.00

Grants and Contributions Not Restricted to Specific Programs 0.00Investment Earnings 0.00Miscellaneous 0.00Special Items 0.00Extraordinary Items 0.00Transfers 0.00Total General Revenues, Special Items, Extraordinary Items, and Transfers 0.00Change in Net Position 0.00Net Position - July 1, 2012 0.00Net Position - June 30, 2013 0.00



Program Revenues

NOTE: Component units will be added upon completion of their audits.

Exhibit C-11bPage 15

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF ACTIVITIES (CONTINUED)MAJOR AND NONMAJOR COMPONENT UNITSMajor Component Unit Name Net (Expense)For the Fiscal Year Ended June 30, 2013 Revenue and Changes

in Net Position Operating Capital









Program Revenues

Exhibit C-11cPage 16

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF ACTIVITIES (CONTINUED)MAJOR AND NONMAJOR COMPONENT UNITSTOTAL NONMAJOR COMPONENT UNITS Net (Expense)For the Fiscal Year Ended June 30, 2013 Revenue and Changes


Account Charges for Grants and Grants and Component UnitsFUNCTIONS Number Expenses Services Contributions Contributions ActivitiesComponent Unit Activities:








Program Revenues

Exhibit C-11dPage 17

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF ACTIVITIESMAJOR AND NONMAJOR COMPONENT UNITSTOTAL COMPONENT UNITS Net (Expense)For the Fiscal Year Ended June 30, 2013 Revenue and Changes

in Net Position Operating Capital Total









Program Revenues

Exhibit D-1 Page 18a

ORANGE COUNTY PUBLIC SCHOOLS NOTES TO BASIC FINANCIAL STATEMENTS

June 30, 2013

1. Summary of Significant Accounting Policies Reporting Entity Orange County Public Schools (the District) has direct responsibility for operation, control, and supervision of District schools and is considered a primary government for financial reporting. The District is considered part of the Florida system of public education. The governing body of the District is the Orange County District School Board (the Board) that is composed of eight elected members, seven board members elected by district and one Board Chairman elected at large. The appointed Superintendent of Schools (Superintendent) is the executive officer of the Board. Geographic boundaries of the District correspond with those of Orange County, Florida. Pursuant to Section 1001.51(11)(f), Florida Statutes, the Superintendent is responsible for keeping records and accounts of all financial transactions in the manner prescribed by the Florida State Board of Education. Criteria for determining if other entities are potential component units that should be reported within the District's basic financial statements are identified and described in the Governmental Accounting Standards Board’s (GASB) Codification of Governmental Accounting and Financial Reporting Standards, Sections 2100 and 2600. The application of these criteria provides for identification of any entities for which the Board is financially accountable and other organizations that the nature and significance of their relationship with the Board are such that exclusion would cause the District’s basic financial statements to be misleading or incomplete. As required by accounting principles generally accepted in the United States (GAAP), these basic financial statements present the District (the primary government) and its component units. The component units discussed below are included in the District’s reporting entity because of the significance of their operational or financial relationships with the District. Blended Component Units - The District’s employee group health and life insurance program, described in a subsequent note, is administered through the School Board of Orange County Employee Benefits Trust (Trust). Assets necessary to fund the program are transferred to the Trust; however, under the terms of the Trust Agreement, the School Board retains control of the assets. Due to the substantive economic relationship between the District and the Trust, the financial activities of the Trust are reported in the accompanying basic financial statements as an internal service fund. The Orange County School Board Leasing Corporation (Leasing Corporation) was formed to facilitate financing for the acquisition of facilities and equipment as further discussed in a subsequent note. The Board of Directors of the Leasing Corporation are members of the Board who elect to serve as ex-officio Directors. Due to the substantive economic relationship between the District and the Leasing Corporation, the financial activities of the Leasing Corporation are included in the accompanying basic financial statements as part of the debt service and capital project funds. Separate financial statements for the Leasing Corporation are not published. Discretely Presented Component Units – The GASB issued Statement No. 61, The Financial Reporting Entity: Omnibus, an amendment of GASB Statements No. 14 and No. 34, (GASB 61) effective for reporting periods after June 15, 2012. The statement establishes new criteria for reporting discretely presented component units. In previous Comprehensive Annual Financial Reports (CAFRs), the District had reported a component unit column in the basic financial statements that included the financial data for charter schools and another component unit column that included the financial data for the Foundation. The Combining Schedule of Net Assets Component Units and the Combining Schedule of Activities Component

Exhibit D-1 Page 18b


June 30, 2013

Units included the individual financial data by charter school for those considered to be component units. Upon our further analysis of GASB Statement No. 14, The Financial Reporting Entity, and our analysis of the newly effective GASB 61, the charter schools would not qualify as component units. The charter schools are therefore not included in our AFR nor will be included in our CAFR on both the Statement of Net Position and Statement of Activities. Audits of the charter schools for the fiscal year ended June 30, 2013, will be conducted by independent certified public accounts and will be filed in the District’s administrative office. The component unit columns in the government-wide financial statements will include the financial data of the Foundation for Orange County Public Schools, Inc. (the Foundation). The Foundation is considered to be a component unit of the District. The Foundation will be reported in a separate column in the basic financial statements to emphasize that it is legally separate from the District. The Foundation is a separate nongovernmental not-for-profit corporation organized and operated as a direct-support organization under Section 1001.453, Florida Statutes, and as such the Foundation is approved by the Board. The Foundation was formed to provide charitable and educational aid to the District and to receive, hold, invest and administer property and to make expenditures for the benefit of the District, which is able to impose its will on the Foundation. An audit of the Foundation’s financial statements, for the fiscal year ended June 30, 2013, will be conducted by an independent certified public accountant and will be on file at the District’s administrative office. Measurement Focus, Basis of Accounting and Financial Statement Presentation The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The basis of accounting refers to when revenues and expenditures are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurement made, regardless of the measurement focus applied. Government-Wide Financial Statements – The Government-Wide Financial Statements are prepared under the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash transaction takes place. Nonexchange transactions, in which the District gives or receives value without directly receiving or giving value in exchange, include property taxes, grants, entitlements and donations. On an accrual basis, revenue from property taxes is recognized in the fiscal year for which the taxes are levied. Revenue from grants, entitlements and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied. The Statement of Net Position and the Statement of Activities present financial information about the District’s governmental activities. These statements include the financial activities of the government in its entirety, except for those that are fiduciary. Governmental activities, which normally are supported by taxes and inter-governmental revenues, are reported separately from business-type activities, which are generally supported by fees charged. The District currently does not have any business-type activities. The Statement of Net Position includes all assets, deferred outflows, liabilities, and deferred inflows of the District. The Statement of Activities presents a comparison between the direct expenses and program revenues for each function or program of the District’s governmental activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. Depreciation expenses associated with the District’s transportation and maintenance departments are allocated to the transportation and maintenance of plant functions, while remaining depreciation expenses are not readily associated with a particular function and are reported as unallocated.

Exhibit D-1 Page 18c


June 30, 2013

Amounts reported as program revenues include 1) charges for services provided to students for tuition, fees, rental, material, supplies, or other services, 2) operating grants and contributions, and 3) capital grants and contributions. Revenues that are not classified as program revenues, including all taxes, are presented as general revenues. The comparison of direct expenses with program revenues identifies the extent to which each governmental function is self-financing or draws from the general revenues of the District. The District eliminates from the Statement of Net Position and the Statement of Activities most interfund receivables and payables and transfers between funds as well as the transactions associated with its Internal Service Funds. Fund Financial Statements – The Governmental Fund Financial Statements are prepared utilizing the current financial resource measurement focus and the modified accrual basis of accounting. Revenues are recognized in the accounting period in which they become susceptible to accrual, that is, both measurable and available. “Measurable” means the amount of the transaction can be determined and “available” means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Significant revenues “susceptible to accrual” include ad valorem taxes, reimbursable-type grants and interest on investments. The District considers revenues from ad valorem taxes as available if they are collected within sixty (60) days after year-end. Expenditures are recorded when the fund liability is incurred. However, exceptions include unmatured principal and interest on general long-term debt and accumulated sick and vacation pay, which are recorded when payment is due. In applying the “susceptible to accrual” concept to revenues from federal and state sources, the legal contractual requirements of the numerous individual programs are used as guidance. There are, however, essentially two types of revenues. In one type, monies must be expended for the specific purpose or project before the District will receive any amounts; therefore, revenues are recognized based upon the occurrence of the expenditure. In the other type, monies are virtually unrestricted as to purpose of expenditure and are usually revocable only for failure to comply with prescribed legal and contractual requirements. These resources are reflected as revenues at the time of receipt or earlier if the “susceptible to accrual” criteria are met. In all cases, monies received before the revenue recognition criteria have been met, are reported as deferred revenue. The Agency (Fiduciary) funds are purely custodial in nature (assets equal liabilities) and as such do not have a measurement focus. Agency funds use the accrual basis of accounting to recognize receivables and payables. The Proprietary Fund Financial Statements are prepared under the economic resources measurement focus and the accrual basis of accounting. Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the District’s internal service funds are for self-insurance (property, casualty, liability, and worker’s compensation), employee benefits (health and prescription), and printing provided to other funds. Operating expenses for the internal service funds include salaries, employee benefits, purchased services, energy services, materials and supplies, claims expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. The fund statements provide information about the District’s funds, including fiduciary funds. Separate statements for each fund category – governmental, proprietary and fiduciary – are presented. The emphasis of fund financial statements is on major funds, each displayed in a separate column. All

Exhibit D-1 Page 18d


June 30, 2013

remaining governmental funds are aggregated and reported as non-major funds. The District reports the following major funds: General Fund – to account for all financial resources not required to be accounted for in another fund, and for certain revenues from the State that are legally restricted to be expended for specific current operating purposes. The General Fund is the District’s primary operating fund. Special Revenue – Other Federal Programs - to account for funds from the State or Federal Government which are restricted for Federal programs. Special Revenue ARRA - to account for the financial resources of the ARRA grant program resources. Debt Service ARRA - to account for the accumulation of resources for, and the payment of, general long-

term debt principal, interest, and related debt issuance costs for the QSCB certificates of participation issue.

Capital Projects - Other Capital Projects Fund - to account for the financial resources generated by

certificates of participation, impact fees, lottery, sales tax and other local sources to be used for educational capital outlay needs, including new construction, renovation and remodeling projects and debt service payments.

Capital Projects - ARRA - to account for the financial resources generated by the QSCB certificates of

participation to be used for educational capital outlay needs, including new construction, renovation and remodeling projects.

Additionally the District reports the following non-major fund types: Special Revenue Funds - to account for the financial resources of the school food service program, certain

grant program resources, the extended day childcare program, and other such restricted resources. Debt Service Funds - to account for the accumulation of resources for, and the payment of, general long-

term debt principal, interest, and related debt issuance costs. Capital Projects Funds - to account for financial resources generated from allocations of state revenues,

that are to be used for educational capital outlay needs, including new construction, renovation and remodeling projects.

Internal Service Funds - to account for the District's limited self-insurance programs and printing service

operations. Agency Funds - to account for resources of the school internal funds that are used to administer moneys

collected at all schools in connection with school, student athletic, class, and club activities. When both restricted and unrestricted resources are available for use, it is the District’s policy to use restricted resources first, and then unrestricted resources as they are needed.

Exhibit D-1 Page 18e


June 30, 2013

Budgetary Information The Board follows procedures established by State statutes and State Board of Education rules in establishing budget balances for governmental funds as described below: - Annually, budgets are prepared, public hearings are held, and original budgets are adopted for all

governmental fund types in accordance with procedures and time intervals prescribed by State Statutes and State Board of Education rules.

- Appropriations are controlled at the function level (e.g., instruction, pupil personnel services, and school

administration) and may be amended by resolution at any Board meeting prior to the due date for the annual financial report.

- Budgets are prepared using the same modified accrual basis as is used to account for governmental

funds. - Budgetary information is integrated into the accounting system and, to facilitate budget control, budget

balances are encumbered when purchase orders are issued. Appropriations lapse at fiscal year-end and encumbrances outstanding are honored from the subsequent year's appropriations.

- The reported budgetary data consists of the original budget as well as the final appropriated budget

after amendments approved by the Board. Cash and Cash Equivalents Cash deposits are held in banks that qualify as public depositories under Florida law. All deposits are insured by Federal depository insurance and/or collateralized with securities held in Florida’s multiple financial institution collateral pool required by Sections 280.07 and 280.08, Florida Statutes. For the Internal Service Funds, the statement of cash flows considers cash as those accounts used as demand deposit accounts. Cash balances from all funds are combined and invested to extent available. Earnings are allocated monthly to each fund based on average daily balances of cash and investments. Investments Investments consist of amounts placed with various money market mutual funds which hold a majority of U.S. government securities, municipal securities and repurchase agreements. All money market mutual funds are AAA rated by the various rating agencies and each fund is registered as a 2a-7 fund with the SEC. Rule 2a-7 of the Investment Company Act of 1940, comprises the rules governing money market funds. The investment earnings from the money market funds are allocated to each fund based on end of month investment balances in that fund. Investments also consist the State of Florida’s Special Purpose Investment Account (SPIA) authorized in Section 17.61(1), Florida Statutes, Florida Prime (formally SBA), Florida public depository, and United States government securities. All investments are reported at fair value based on quoted market prices. The District’s investment in SPIA is part of an investment pool managed by the Florida Department of Treasury, where the District owns a share of the pool, not the underlying shares of the assets in the pool. The District relies on policies developed by the State Treasury for managing interest and credit risk for this external investment pool.

Exhibit D-1 Page 18f


June 30, 2013

Inventories Inventories consist of expendable supplies held for consumption in the course of District operations. Transportation, custodial and school supply inventories are stated at cost on a weighted average basis. Food service inventories are stated at cost on the last invoice basis, which approximates the first-in, first-out basis, except that United States Department of Agriculture surplus commodities are stated at their fair value as determined at the time of donation to the District’s food service program by the Florida Department of Agriculture and Consumer Services, Bureau of Food Distribution. The costs of inventories are recorded as expenditures when used rather than purchased. Capital Assets and Depreciation Expenditures for capital assets acquired or constructed for general District purposes are reported in the governmental fund that financed the acquisition or construction. The capital assets so acquired are reported at cost in the government-wide statement of net position, but are not reported in the governmental fund financial statements. Capital assets are defined by the District as those costing more than $1,000 for furniture, fixtures and equipment; motor vehicles; audio visual materials; computer software; improvements other than buildings; buildings and fixed equipment; and construction in progress and which have an estimated life of two or more years. All land purchases are capital assets regardless of cost. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated assets are recorded at fair value at the date of donation. The costs of normal maintenance and repairs that do not add to the values of the assets or materially extend assets lives are not capitalized and are expensed as incurred. Interest costs incurred during construction of capital assets are not considered material and are not capitalized as part of the cost of construction. Capital assets of the primary government, excluding land and construction in progress, are depreciated using the straight-line method over the following estimated useful lives:

Description Estimated Lives

Improvements other than buildings 15 yearsBuildings and fixed equipment 20 – 40 yearsFurniture, fixtures and equipment 5 - 15 yearsMotor Vehicles 5 – 10 yearsAudio visual materials and computer software 5 years

Current-year information relative to changes in capital assets is described in a subsequent note. Long-Term Liabilities Long-term liabilities that will be financed from resources to be received in the future by governmental funds are reported as liabilities in the government-wide statement of net position. Bond premiums and discounts, as well as issuance costs and deferred amounts on refunding, are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount and deferred amounts on refunding. Bond issuance costs are reported as deferred charges and amortized over the term of the related debt. In the governmental fund financial statements, bonds and other long-term obligations are not recognized as liabilities until due. Governmental fund types recognize bond premiums and discounts, as well as bond issuance costs and deferred amounts on refunding, during the current period. The face amount of debt issued is reported as another financing source while discounts on debt issuances and deferred amounts on refunding are reported as other financing uses.

Exhibit D-1 Page 18g


June 30, 2013

Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. In the government-wide financial statements, compensated absences (i.e., paid absences for employee vacation leave and sick leave) are accrued as liabilities to the extent that it is probable that the benefits will result in termination payments. A liability is reported in the governmental fund financial statements only for the portion due and payable at year-end. Other Postemployment Benefits (OPEB) are reported in the government-wide financial statements. The District subsidizes the premium rates paid by the retirees by allowing them to participate in the health plan at the blended group premium rates for both active and retired employees. OPEB is recorded by the District for the implicit subsidy for retirees because, on an actuarial basis, their current and future claims are expected to result in higher costs to the District than those of active employees. The District funds OPEB on a pay-as-you-go basis. Additional information on OPEB is described in a subsequent note. Changes in long-term debt for the current year are reported in a subsequent note. Fund Balance Flow Assumptions Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted sources (the total of restricted, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the District’s procedure to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, assigned fund balance is depleted first followed by unassigned fund balance. Fund Balance Policies Fund balance of governmental funds is reported in various categories based on the nature of any limitations requiring the use of resources for specific purposes. The government itself can establish limitations on the use of resources through either a commitment (committed fund balance) or an assignment (assigned fund balance). The Board does not have a policy regarding the commitment or assignment of fund balances, however, by resolution, the Board has given the ability to assign fund balance to the Superintendent and the Chief Financial Officer. As such, the District does not report any committed fund balance. Amounts in the assigned fund balance classification are intended to be used by the government for specific purposes. The District also assigns fund balance when appropriating fund balance to cover a gap between estimated revenue and appropriations in the subsequent year’s appropriated budget. State Revenue Sources Revenues from State sources for current operations are primarily from the Florida Education Finance Program administered by the Florida Department of Education (the Department) under the provisions of Section 1011.62, Florida Statutes. In accordance with this law, the District determines and reports the number of full-time equivalent (FTE) students and related data to the Department. The Department performs certain edit checks on the reported number of FTE and related data, and calculates the allocation of funds to the District. The District is permitted to amend its original reporting for a period of six months following the date of the original reporting. Such amendments may impact funding allocations for subsequent years. The Department may also adjust subsequent fiscal period allocations based upon an

Exhibit D-1 Page 18h


June 30, 2013

audit of the District's compliance in determining and reporting FTE and related data. Normally, such adjustments are treated as reductions or additions of revenue in the year when the adjustments are made. The State of Florida (the State) provides financial assistance to administer certain categorical educational programs. State Board of Education rules require that revenue earmarked for certain programs be expended only for the program that the money is provided, and require that the money not expended as of the close of the fiscal year be carried forward into the following year to be expended for the same categorical educational programs. The Department generally requires that categorical educational program revenues be accounted for in the General Fund. A portion of the fund balance of the General Fund is restricted in the governmental funds financial statements for the balance of categorical educational program resources. The State allocates gross receipts taxes, generally known as Public Education Capital Outlay money, to the District on an annual basis. The District is authorized to expend these funds only upon applying for and receiving an encumbrance authorization from the Department. A schedule of revenue from State sources for the current year is presented in a subsequent note. District Property Taxes The Board is authorized by State law to levy property taxes for district school operations, capital improvements, and debt service. Property taxes consist of ad valorem taxes on real and personal property within the District. The Orange County Property Appraiser determines the real and personal property values within the District. The Orange County Tax Collector then collects the taxes and remits them to the District. The Board adopted the 2012 tax levy on September 11, 2012. Taxes become an enforceable lien on property as of January 1; tax bills are mailed in October and taxes are payable between November 1 of the year assessed and March 31 of the following year at discounts of up to 4% for early payment. Taxes become delinquent on April 1 of the year following the year of assessment. State law provides for enforcement of collection of personal property taxes by seizure of the property to satisfy unpaid taxes, and for enforcement of collection of real property taxes by the sale of interest-bearing tax certificates to satisfy unpaid taxes. The procedures result in the collection of essentially all taxes prior to June 30 of the year following the year of assessment. Property tax revenues are recognized in the government-wide financial statements when the Board adopts the tax levy. Property tax revenues are recognized in the governmental fund financial statements when the District receives taxes, except the revenue that is accrued for taxes collected by the Orange County Tax Collector at fiscal year-end but not yet remitted to the District. Because any delinquent taxes collected after June 30 would not be material, delinquent taxes receivable are not accrued and no delinquent tax revenue deferral is recorded. Millages and taxes levied for the current year are presented in a subsequent note. Federal Revenue Sources The District receives Federal awards for the enhancement of various educational programs. Federal awards are generally received based on applications submitted to, and approved by, various granting agencies. For Federal awards for which a claim to these grant proceeds is based on incurring eligible expenditures, revenue is recognized to the extent that eligible expenditures have been incurred.

Exhibit D-1 Page 18i


June 30, 2013

Impact of Recently Issued Accounting Principles Recently Issued and Adopted Accounting Pronouncements In November 2010, the GASB issued Statement 60, Accounting and Financial Reporting for Service Concession Arrangements. GASB 60 provides financial reporting guidance for service concession arrangements (SCAs). SCAs are defined as an arrangement between a transferor (a government) and an operator (governmental or nongovernmental entity) in which (1) the transferor conveys to an operator the right and related obligation to provide services through the use of infrastructure or another public asset (a “facility”) in exchange for significant consideration and (2) the operator collects and is compensated by fees from third parties. This statement is effective for periods beginning after December 15, 2011. The District does not have any SCAs and therefore the adoption of GASB 60 does not have any impact on the District’s financial statements. In November 2010, the GASB issued Statement 61, The Financial Reporting Entity: Omnibus an amendment of GASB Statements No 14 and No. 34. GASB 61 provides additional criteria for classifying entities as component units to better assess the accountability of elected officials by ensuring that the financial reporting entity includes only organizations for which the elected officials are financial accountable or that are determined by the government to be misleading to exclude. This statement is effective for periods beginning after June 15, 2012. The District has implemented this statement for fiscal year 2013. In December 2010, the GASB issued Statement 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements. GASB 62 incorporates into the GASB’s authoritative literature certain accounting and financial reporting guidance that is included in the following pronouncements issued on or before November 30, 1989, which does not conflict with or contradict GASB pronouncements: Financial Accounting Standards Board (FASB) Statements and Interpretations, Accounting Principles Board Opinions and Accounting Research Bulletins of the American Institute of Certified Public Accountants’ (AICPA) Committee on Accounting Procedure. This statement is effective for periods beginning after December 15, 2011 although the District elected to early implement GASB 62 in fiscal year 2012. The adoption of GASB 62 did not have any impact on the District’s financial statements. In June 2011, the GASB issued Statement 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position. GASB 63 provides guidance for reporting deferred outflows of resources, deferred inflows of resources, and net position in a statement of financial position and related disclosures. The statement of net assets is renamed the statement of net position and includes four components: assets, deferred outflows of resources, liabilities and deferred inflows of resources. The provisions of this Statement are effective for financial statements for periods beginning after December 15, 2011. The District has implemented this statement for fiscal year 2013. In June 2011, the GASB issued Statement 64, Derivative Instruments: Application of Hedge Accounting Termination Provisions – an amendment of GASB Statement No. 53. GASB 64 provides clarification on whether an effective hedging relationship continues after the replacement of a swap counterparty or a swap counterparty’s credit support provider. This Statement is effective for period beginning after June 15, 2011. The adoption of GASB 64 does not have any impact on the District’s current financial statements. In March 2012, the GASB issued Statement 66, Technical Corrections-2012-an amendment of GASB Statements No. 10 and No. 62. GASB 66 improves accounting and financial reporting for a governmental financial reporting entity by resolving conflicting guidance that resulted from the issuance of two pronouncements, Statements No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, and No. 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30,

Exhibit D-1 Page 18j


June 30, 2013

1989 FASB and AICPA Pronouncements. This Statement is effective for periods beginning after December 15, 2012 although the District elected to early implement Statement 66 in fiscal year 2012. The adoption of GASB 66 did not have any impact on the District’s financial statements. Recently Issued Accounting Pronouncements In March 2012, the GASB issued Statement 65, Items Previously Reporting as Assets and Liabilities. GASB 65 establishes accounting and financial reporting standards that reclassify, as deferred outflows of resources or deferred inflows or resources, certain items that were previously reporting as assets and liabilities and recognizes, as outflows or resources or inflows or resources, certain items that were previously reported as assets and liabilities. This Statement is effective for periods beginning after December 15, 2012. Management is currently evaluating the impact of the adoption of this statement on the District’s financial statements. In June 2012, the GASB issued Statement 67, Financial Reporting for Pension Plans- an amendment of GASB Statement 25. GASB 67 improves financial reporting by state and local governmental pension plans. The requirements of this Statement will improve financial reporting primarily through enhanced note disclosures and schedules of required supplementary information that will be presented by the pension plans that ware within its scope. This Statement is effective for financial statements for fiscal years beginning after June 15, 2013. Management is currently evaluating the impact of the adoption of this statement on the District’s financial statements. In June 2012, the GASB issued Statement 68, Accounting and Financial Reporting for Pensions–an amendment of GASB Statement 27. GASB 68 improves accounting and financial reporting by state and local governments for pensions. It also improves information provided by state and local governmental employers about financial support for pensions that is provided by other entities. This Statement results from a comprehensive review of the effectiveness of existing standards of accounting and financial reporting for pensions with regard to providing decision-useful information, supporting assessments of accountability and inter-period equity, and creating additional transparency. This Statement is effective for fiscal years beginning after June 15, 2014. Management is currently evaluating the impact of the adoption of this statement on the District’s financial statements. In January 2013, the GASB issued Statement 69, Government Combinations and Disposals of Government Operations. GASB 69 establishes accounting and financial reporting standards related to government combinations and disposals of government operations. This Statement is effective for financial statements for fiscal years beginning after December 15, 2013. Management is currently evaluating the impact of the adoption of this statement on the District’s financial statements. In April 2013, the GASB issued Statement 70, Accounting and Financial Reporting for Nonexchange Financial Guarantees. GASB 70 improves accounting and financial reporting by state and local governments that extend and receive nonexchange financial guarantees. This Statement is effective for fiscal years beginning after June 15, 2013. Management is currently evaluating the impact of the adoption of this statement on the District’s financial statements.

Exhibit D-1 Page 18k


June 30, 2013

2. Deposits and Investments As of June 30, 2013, the District had the following investments and maturities:

Investment MaturitiesLess Than

Investment Fair Value 6 Months 1 Year 2 Years 3 Years 5 Years

FL Special Purpose Investment Account (SPIA) 732,395,022$ 732,395,022$ -$ -$ -$ -$

FL Prime (formally SBA) 376,709,586 376,709,586 - - - -

Florida Education Investment Trust Fund 100,203,941 100,203,941 - - - -

Commercial Paper 37,146,594 37,146,594 - - - -

Corporate Bonds 117,239,420 - 10,062,510 45,172,192 5,116,970 56,887,748

Obligations of United States Government Agencies and Instrumentalities and Municipal Bonds 104,730,374 5,993,910 1,000,360 1,567,110 32,712,964 63,456,030

Total Investments, Primary Government 1,468,424,937$ 1,252,449,053$ 11,062,870$ 46,739,302$ 37,829,934$ 120,343,778$

Fiduciary Funds: FL Special Purpose Investment Account (SPIA) 2,796,271 2,796,271 - - - - Total Investments, Reporting Entity 1,471,221,208$ 1,255,245,324$ 11,062,870$ 46,739,302$ 37,829,934$ 120,343,778$

Interest Rate Risk District policies limit the maturity of investments to 6 years or less as a means of limiting its exposure to fair value losses arising from rising interest rates. Also, at least 3 months of average disbursements should be invested in highly liquid funds with a maturity range of 0-90 days. The District has $104,730,374 in obligations of the United States Government Sponsored Agencies/Federal Instrumentalities and Municipal Bonds and $117,239,420 in Corporate Bonds. These securities included embedded options to call the entire security or a portion thereof, at the option of the issuer; or, depending on market conditions, the issuer may decide to leave the security intact, at stated interest rate, until final maturity. These securities have various call dates with final maturity dates being December 2018. Credit Risk Investments authorized by District policy are:

a. Direct Obligations of US Treasury; b. US Federal Government Agency Securities; c. Florida Local Government Investment Pool or other similar common trust; d. Florida Education Investment Trust Fund; e. Certificates of Deposit and Savings Accounts; f. Repurchase Agreements fully collateralized at 102% of market value, by US Treasuries, US

Government Agencies, US Government Sponsored Agencies/Federal Instrumentalities; g. State and/or Local Government Taxable or Tax-Exempt Debt; h. Corporate Notes with a minimum AA rating; i. Commercial Paper rated P1 or A1; j. Money Market Mutual Funds rated AAA; k. Bankers Acceptances rated P1 or A1 and; l. Money Market Deposit Account

Exhibit D-1 Page 18l


June 30, 2013

Custodial Credit Risk Section 218.415(18), Florida Statutes, requires the District to earmark all investments and 1) if registered with the issuer or its agents, the investment must be immediately placed for safekeeping in a location that protects the governing body’s interest in the security; 2) if in a book entry form, the investment must be held for the credit of the governing body by a depository chartered by the Federal Government, the State, or any other State or territory of the United States which has a branch or principal place of business in this State, or by a national association organized and existing under the laws of the United States which is authorized to accept and execute trusts and which is doing business in this State, and must be kept by the depository in an account separate and apart from the assets of the financial institution; or 3) if physically issued to the holder but not registered with the issuer or its agents, must be immediately placed for safekeeping in a secured vault. The District’s $104,730,374 investments in obligations of United States Government Agencies and Instrumentalities and $117,239,420 in Corporate Bonds are held by the safekeeping agent, in the name of the District. Concentration of Credit Risk Composition of investment portfolio is limited by District policy to:

A. Direct Obligations of the U. S Treasury 100% B. U. S. Government Sponsored Agencies (Federal Instrumentalities) 80% C. Florida Local Government Investment Pool or other similar common trust 100% D. Florida Education Investment Trust Fund 100% E. Certificates of Deposit and Savings Accounts 100% F. Repurchase Agreements, fully collateralized by Direct Obligations of U. S. Government Securities 30% G. State and/or Local Govt. Taxable or Tax-Exempt Debt 20% H. Corporate Notes 10% I. Commercial Paper 10% J. Money Market Mutual Funds 100% K. Bankers Acceptances 35% L. Money Market Deposit Account 80%

As of June 30, 2013, the District investments in the State of Florida Special Purpose Investment Account (SPIA) totaled $734,823,113 which is rated A+f by S&P with a weighted maturity of 2.65 years. These funds allocate investment earnings monthly. As of June 30, 2013, the District investments in 2 SBA accounts totaled $376,709,586 which are 2a-7 like funds with a weighted maturity of 40 days and are AAA rated by S&P. These funds allocate investment earnings monthly. As of June 30, 2013, the District investments in the Florida Education Investment Trust Fund totaled $100,203,941. These funds are rated AAAm by S&P. The fund is also a 2a-7 fund with a weighted maturity of 44 days. As of June 30, 2013, the District investments in commercial paper were $37,146,594. These funds are rated A1, P1 as required by the district’s investment policy. The District holds these funds under a trust indenture in connection with the Certificates of Participation, Series 1999, 2002 QZAB, 2007, 2009A, 2009B QSCB and 2010A QSCB for unspent construction proceeds.

Exhibit D-1 Page 18m


June 30, 2013

All District investments are in compliance with District policy in relation to interest rate risk, credit risk, and concentration of credit risk.

3. Receivables The majority of receivables are due from other agencies. These receivables and the remaining accounts receivable are considered to be fully collectible. As such, no allowance for uncollectible accounts receivable is accrued. The following is a schedule of due from other agencies at June 30, 2013:

General Fund:Orange County Tax Collector

Unremitted Property Taxes 12,265,302$ Miscellaneous State Agencies 17,176

Capital Improvement Tax Fund:Orange County Tax Collector

Unremitted Property Taxes 2,629,072

Other Capital Projects Fund:State of Florida - Department of Revenue

Unremitted Sales Tax Collections 15,914,887 Orange County Board of County Commissioners

Unremitted Impact Fee Collections 4,003,928 City of Orlando - Unremitted Impact Fee Collections 6,294,307 Miscellaneous Cities Impact Fee Collections 2,374,621

Nonmajor Governmental Funds:Special Revenue Funds:

Food Service Fund:Florida Department of Education

Meal Reimbursements 9,500,998 Other Federal Programs Fund:

United States Department of EducationFederal Grant Reimbursements 1,143,280

Florida Department of EducationFederal Grant Reimbursements 10,565,195

Miscellaneous Grantor Agencies 837,924 ARRA Federal Programs Fund:

Florida Department of EducationFederal Grant Reimbursements 775,843

Total Due From Other Agencies 66,322,533$

Exhibit D-1 Page 18n


June 30, 2013

4. Changes in Capital Assets Capital assets activity for the year ended June 30, 2013, is as follows:

Primary GovernmentBalance Balance

June 30, 2012 Additions Deletions June 30, 2013Governmental Activities

Capital Assets Not Being Depreciated:Land 252,770,456$ 4,280,951$ -$ 257,051,407$ Construction in Progress 123,554,695 47,503,574 118,088,351 52,969,918

Total Capital Assets Not BeingDepreciated 376,325,151 51,784,526 118,088,351 310,021,325

Capital Assets Being Depreciated:Improvements Other Than Buildings 18,624,530 1,444,760 - 20,069,290 Buildings and Fixed Equipment 3,210,855,686 214,130,903 36,025,702 3,388,960,887 Furniture, Fixtures and Equipment 141,495,778 13,740,831 11,712,464 143,524,144 Motor Vehicles 119,601,369 3,619,787 8,219,488 115,001,667 Audio-Visual Materials 6,928 - - 6,928 Computer Software 7,622,746 1,357 94,041 7,530,062

Total Capital Assets BeingDepreciated 3,498,207,037 232,937,637 56,051,696 3,675,092,978

Less Accumulated Depreciation For:Improvements Other Than Buildings (10,198,203) (981,372) - (11,179,575) Buildings and Fixed Equipment (565,709,143) (65,384,969) (15,912,834) (615,181,279) Furniture, Fixtures and Equipment (90,404,618) (11,405,319) (10,665,306) (91,144,631) Motor Vehicles (79,770,246) (9,105,179) (8,211,579) (80,663,846) Audio-Visual Materials (6,603) (325) - (6,928) Computer Software (1,736,690) (337,781) (94,041) (1,980,429)

Total Accumulated Depreciation (747,825,503) (87,214,944) (34,883,760) (800,156,687)

Total Capital Assets BeingDepreciated, net 2,750,381,534 145,722,693 21,167,936 2,874,936,291

Governmental Activities CapitalCapital Assets, net 3,126,706,685$ 197,507,219$ 139,256,287$ 3,184,957,617$

All depreciation expense was charged to functions/programs of the primary government as follows:

Governmental Activities:Pupil Transportation Services 9,372,128$ Maintenance 244,265 Unallocated 77,598,551

Total Depreciation Expense 87,214,944$

Exhibit D-1 Page 18o


June 30, 2013

5. Capital Leases The classes and amounts of property being acquired by the District under capital leases are as follows:

Asset Description

Asset Balance

Buses, vehicles and equipment $ 50,715,495

The amortization of assets recorded under capital leases is included with depreciation expense in the accompanying financial statements. Following are the future minimum lease payments and the present value of the minimum lease payments as of June 30, 2013:

Fiscal Year Ending June 30 Total Principal Interest

2014 7,682,947$ 6,986,451$ 696,496$ 2015 6,105,578 5,681,237 424,341 2016 1,978,843 1,822,878 155,965 2017 1,978,844 1,899,260 79,584

Total Minimum Lease Payments 17,746,212 16,389,826 1,356,386

Less Interest (1,356,386) -

Present Value of Minimum Payments 16,389,826$ 16,389,826$ 1,356,386$

The stated and imputed interest rates range from 4.16% to 4.57%.

Exhibit D-1 Page 18p


June 30, 2013

6. Certificates of Participation The District entered into a master financing arrangement on May 1, 1997, which was characterized as a lease-purchase agreement, with the Orange County School Board Leasing Corporation (Leasing Corporation) whereby the District secured financing of various educational facilities, vehicles, and equipment. The financing was accomplished through the issuance of Certificates of Participation (COPs):

Remaining FacilityAmount Amount Interest Rates Lease Term

Series Issued Outstanding (Percent) (16) Maturity (17)

1997A $351,057,075 6,817,075$ 6.00 20132002-QZAB (1) 3,900,000 846,419 None 20162003 11,720,000 1,460,000 3.50 20132004 91,300,000 91,300,000 3.75-5.00 20292005A (2) 125,460,000 114,055,000 3.70-5.00 20222005B (3) 66,585,000 60,475,000 3.70-5.00 20252006A (4) 145,215,000 145,215,000 5.00 20312006B (5) 111,165,000 111,165,000 4.25-5.00 20242007A (6) 165,425,000 148,025,000 4.00-5.00 20322008B (7) 105,000,000 105,000,000 Synthetic 4.412 20322008C (8) 47,845,000 41,045,000 Synthetic 4.615 20252008D (9) 49,255,000 46,485,000 4.00-5.00 20372008E (10) 51,020,000 51,020,000 Synthetic 5.112 20222009A (11) 185,000,000 185,000,000 4.00-5.50 20342009B-QSCB (12) 35,820,000 35,820,000 1.15 20242010A-QSCB (13) 36,229,000 36,229,000 None 20292012A (14) 71,500,000 56,445,000 5.00 20192012B (15) 80,910,000 78,730,000 3.00-5.00 2027

Total 1,315,132,494$

(1) On December 11, 2002, the master financing arrangement was amended and the Leasing Corporation issued COPs Series 2002-Qualified Zone Academy Bonds (QZAB). Under the terms of this lease agreement, the District is required to make 13 annual payments of $211,605 which are deposited with a Trustee and are to be invested with a qualified financial institution until maturity date and, when combined with interest earnings and net appreciation in market value, will be sufficient to pay off the principal balance, in full, at maturity on December 11, 2016.

(2) On March 14, 2005, the Leasing Corporation issued COPs Series 2005A to advance refund with crossover debt a portion of COPs Series 1997A and Series 1999A.

(3) On March 14, 2005, the Leasing Corporation issued COPs Series 2005B to advance refund with crossover debt a portion of COPs Series 2000A.

(4) On March 9, 2006, the Leasing Corporation issued COPs Series 2006A to finance the cost of the acquisition and construction of certain educational facilities and related furniture, fixtures, equipment and technology; and costs associated with the issuance of Series 2006A COPs.

(5) On March 9, 2006, the Leasing Corporation issued COPs Series 2006B to advance refund a portion of COPs Series 1999A and Series 2002A.

(6) On June 29, 2007, the Leasing Corporation issued COPs Series 2007A and Series 2007B to finance the cost of the acquisition and construction of certain educational facilities and related furniture,

Exhibit D-1 Page 18q


June 30, 2013

fixtures, equipment and technology; and costs associated with the issuance of Series 2007A and Series 2007B COPs.

(7) On April 11, 2008 the Leasing Corporation issued COPs Series 2008B to advance refund COPs Series 2007B.

(8) On June 30, 2008 the Leasing Corporation issued COPs Series 2008C to advance refund COPs Series 2000B.

(9) On September 8, 2008 the Leasing Corporation issued COPs Series 2008D to advance refund COPs Series 2002B.

(10) On September 8, 2008 the Leasing Corporation issued COPs Series 2008E to advance refund COPs Series 2007C.

(11) On March 11, 2009, the Leasing Corporation issued COPs Series 2009A to finance the cost of the acquisition and construction of certain educational facilities and related furniture, fixtures, equipment and technology; and costs associated with the issuance of Series 2009A COPs.

(12) On November 24, 2009, the Leasing Corporation issued COPs Series 2009B-Qualifed School Construction Bond (QSCB). The proceeds from the issue will be used for comprehensive updates for one middle school.

(13) On November 15, 2010, the Leasing Corporation issued COPs Series 2010A-Qualified School Construction Bond (QSCB). The proceeds from the issue will be used for comprehensive updates for two elementary schools and one new construction elementary school.

(14) On May 3, 2012, the Leasing Corporation issued COPs Series 2012A to advance refund COPs Series 2001A.

(15) On May 3, 2012, the Leasing Corporation issued COPs Series 2012B to advance refund COPs Series 2002A.

(16) The lease payments are payable by the District, semiannually, on July 25 and January 25, except for the Series 2002 QZAB which is paid annually on December 10, and interest is paid by the Federal government in the form of annual tax credits to the bank or other eligible financial institution that holds the Certificates.

(17) As a condition of the financing arrangements, the District has given ground leases on District property to the Leasing Corporation, with a rental fee of $1 per year. The properties covered by the ground lease are, together with the improvement constructed thereon (facilities) and the vehicles and equipment purchased from the financing proceeds, leased back to the District. The lease agreements are automatically renewable through varying dates unless early terminated following the occurrence of an event of default or a non-appropriation of funds to make lease payments, all as described and defined in the leases. If the District fails to renew the lease and to provide for rent payments through to term, it may be required to surrender all facilities, vehicles, and equipment included under the terms of the lease agreements for the benefit of the securers of the COPs.

Exhibit D-1 Page 18r


June 30, 2013

The District properties funded by the above-financing arrangement include the following:

Certificates Description of Property

Series 1997A Renovation and remodeling at eighteen elementary, four middle,two high schools, and two 9th grade centers.

Series 1999A Three new elementary and one new middle school; replacementof modular buildings; and a high school expansion/replacement.

Series 2000A Three elementary schools.

Series 2000B One high school.

Series 2001A Refunding of COPs, Series 1997A and 2000A.

Series 2002A Two alternative education schools; the replacement of oneelementary, one middle, and one high school; an addition at onemiddle school and concrete modular buildings at various sites.

Series 2002B Three new elementary schools and the replacement of oneelementary school.

Series 2002-QZAB Comprehensive needs and renovation at one elementary school.

Series 2003 Financing and refinancing 295 premanufactured concretemodular structures.

Series 2004 Two middle schools, two elementary schools, portable classroomsto meet immediate needs and portable replacements.

Series 2005A Refunding of COPs, Series 1997A and 1999A.

Series 2005B Refunding of COPs, Series 2000A.

Series 2006A One replacement high school and four elementary schools.

Series 2006B Refunding of COPs, Series 1999A and 2002A.

Series 2007A/B One replacement high school, one replacement middle school, onetechnical center, one high school, and 2 elementary schools.

Series 2007C Refunding of COPs, Series 1997A

Series 2008B Refunding of COPs, Series 2007B

Series 2008C Refunding of COPs, Series 2000B

Series 2008D Refunding of COPs, Series 2002B

Series 2008E Refunding of COPs, Series 2007C

Series 2009A Two replacement high schools.

Series 2009B-QSCB Comprehensive needs and renovation at one middle school.

Series 2010A-QSCB Comprehensive needs and renovation at one high school.

Series 2012A Refunding of COPs, Series 2001A

Series 2012B Refunding of COPs, Series 2002A

Exhibit D-1 Page 18s


June 30, 2013

The following is a schedule by years of future minimum lease payments under the above-reference lease agreements together with the present value of minimum lease payments as of June 30:

Total Principal Interest

2014 95,331,540$ 22,378,680$ 72,952,860$ 2015 94,889,418 33,236,605 61,652,813 2016 95,644,511 35,571,605 60,072,906 2017 95,399,804 37,066,605 58,333,199 2018 95,134,419 38,630,000 56,504,419

2019-2023 481,234,608 230,340,000 250,894,608 2024-2028 512,479,105 327,420,000 185,059,105 2029-2033 510,293,695 412,329,000 97,964,695 2034-2035 188,089,975 178,160,000 9,929,975

Total Minimum Lease Payments 2,168,497,075$ 1,315,132,495$ 853,364,580

Add: Unamortized Premium 23,671,942 23,671,942 - Less: Interest (853,364,580) - (853,364,580)

Total Certificates of Participation 1,338,804,437$ 1,338,804,437$ -$

Fiscal Year Ending June 30,

Hedged Debt and Hedging Derivative Instrument Payments As of June 30, 2013, aggregate debt service requirements of the District’s debt (fixed-rate and variable-rate) and net receipts/payments on associated hedging derivative instruments are as follows. These amounts assume that current interest rates on variable-rate bonds and the current reference rates of hedging derivative instruments will remain the same for their term. As these rates vary, interest payments on variable-rate bonds and net receipts/payments on the hedging derivative instruments will vary. Series 2008B COPs Swap Agreement - Swap Payments and Associated Debt. Assuming interest rates remain the same as at June 30, 2013, annual debt service requirements on the Series 2008B COPs and the interest rate swap would be as follows:

Fiscal YearEnding Interest Rate

June 30, Principal Interest Swaps, Net Total

2014 - 798,000 4,569,600 5,367,600 2015 - 798,000 4,569,600 5,367,600 2016 - 798,000 4,569,600 5,367,600 2017 - 798,000 4,569,600 5,367,600 2018 - 798,000 4,569,600 5,367,600

2019-2023 - 3,990,000 22,848,000 26,838,000 2024-2028 - 3,990,000 22,848,000 26,838,000 2029-2033 105,000,000 3,302,580 18,911,616 127,214,196

105,000,000 15,272,580 87,455,616 207,728,196

Exhibit D-1 Page 18t


June 30, 2013

Series 2008C COPs Swap Agreement - Swap Payments and Associated Debt. Assuming interest rates remain the same as at June 30, 2013, annual debt service requirements on the Series 2008C COPs and the interest rate swap would be as follows:


June 30, Principal Interest Swap, Net Total2014 1,615,000$ 28,732$ 1,869,600$ 3,513,332$ 2015 1,710,000 27,601 1,796,037 3,533,6382016 1,805,000 26,404 1,718,146 3,549,5502017 1,920,000 25,141 1,635,928 3,581,0692018 2,040,000 23,797 1,548,472 3,612,269

2019-2023 12,165,000 95,781 6,232,607 18,493,3882024-2026 19,790,000 35,385 2,302,553 22,127,938

41,045,000$ 262,841$ 17,103,343$ 58,411,184$

Series 2008E COPs Swap Agreement - Swap Payments and Associated Debt. Assuming interest rates remain the same as at June 30, 2013, annual debt service requirements on the Series 2008E COPs and the interest rate swap would be as follows:


June 30, Principal Interest Swaps, Net Total2014 -$ 25,510$ 2,577,530$ 2,603,040$ 2015 - 25,510 2,577,530 2,603,0402016 - 25,510 2,577,530 2,603,0402017 18,955,000 25,510 2,577,530 21,558,0402018 19,975,000 16,033 1,619,924 21,610,957

2019-2023 12,090,000 30,225 3,053,935 15,174,16051,020,000$ 148,298$ 14,983,979$ 66,152,277$

Exhibit D-1 Page 18u


June 30, 2013

7. Derivative Instruments The fair value balances and notional amounts of derivative instruments outstanding at June 30, 2013, and the changes in fair value of such derivative instruments for the year then ended as reported in the 2013 financial statements are as follows:

Governmental ActivitiesHedging Derivatives: Classification Amount Classification Amount Notional

2008B Pay-fixed Interest Rate Swap Deferred Outflow 14,266,931$ Liability (25,385,239)$ 105,000,000$ of Resources

2008C Pay-fixed Interest Rate Swap Deferred Outflow 3,037,252$ Liability (8,507,825) 41,045,000 of Resources

2008E Pay-fixed Interest Rate Swap Deferred Outflow 2,115,713$ Liability (7,458,790) 51,020,000 of Resources

Total Hedging Derivative Instruments (41,351,854)$

Change in Fair Value Fair Value at June 30, 2013

The fair values of the hedging derivatives take into consideration the prevailing interest rate environment and the specific terms and conditions of each swap. All fair values were estimated using the zero-coupon discounting method. This method calculates the future payments required by the swap, assuming that the current forward rates implied by the yield curve are the market’s best estimate of future spot interest rates. These payments are then discounted using the spot rates implied by the current yield curve for a hypothetical zero-coupon rate bond due on the date of each future net settlement payment on the swaps. Objective and Terms of Derivative Instruments The following table displays the objective and terms of the District’s derivative instruments outstanding at June 30, 2013, along with the credit rating of the associated counterparty:

Credit Risk. The District is exposed to credit risk on hedging derivative instruments. The swap’s fair value represented the District’s credit exposure to the counterparty. Should the counterparty to this transaction fail to perform according to the terms of the swap contract, the District is left with variable rate bonds. As of June 30, 2013, the swap counterparties’ credit ratings are noted in the above table.

Exhibit D-1 Page 18v


June 30, 2013

It is the District’s policy to enter into netting arrangements whenever it has entered into more than one derivative instrument transaction with counterparty. Under the terms of these arrangements, should one party become insolvent or otherwise default on its obligations, close-out netting provisions permit the nondefaulting party to accelerate and terminate all outstanding transactions and net the transactions’ fair values so that a single sum will be owed by, or owed to, the nondefaulting party. The District has no hedging derivative instruments in asset positions at June 30, 2013. Interest Rate Risk. The District is exposed to interest rate risk on its interest rate swaps. As the SIFMA swap index decreases, the District’s net payment on the swap increases which is offset by the variable rate paid on the hedged debt. Basis Risk. The District is exposed to basis risk should the variable rate it receives under the agreement be different than the rate it pays on its COPs. Under the requirements of the swap, the District receives a variable payment based on the SIFMA index from the counterparty. The 2008B and 2008C COPs are currently priced in a weekly mode and the SIFMA index reflects weekly interest rates. The 2008E COPs are currently priced in a daily mode and the SIFMA index reflects weekly interest rates. Should the weekly rates become higher than daily rates, the District maintains the option to change the mode on the COPs from a weekly mode to a daily mode. Termination risk. The District or its counterparties may terminate a derivative instrument if the other party fails to perform under the terms of the contract including if either parties credit rating falls below designated levels. 8. Bonds Payable Bonds payable at June 30, 2013, are as follows:

Bond Type

Interest Rates (Percent)

Annual Maturity To

Amount Outstanding

State School Bonds:

Series 2005-A 4.1 – 5.25 2016 $ 5,005,000 Series 2005-B Series 2009-A Series 2010-A

4.1 – 5.25 2.0 – 5.0 2.0 – 5.0

2020 2019 2022

11,490,000 1,475,000 2,350,000

Total Bonds payable $ 20,320,000 The various bonds were issued to finance capital outlay projects of the District.

Exhibit D-1 Page 18w


June 30, 2013

State School Bonds The State Board of Education on behalf of the District issues these bonds. The bonds mature serially and are secured by a pledge of the District's portion of the State-assessed motor vehicle license tax. The State's full faith and credit is also pledged as security for these bonds. The State Board of Education and the State Board of Administration are responsible for administering principal and interest payments, investment of Debt Service Fund resources, and compliance with reserve requirements. Annual requirements to amortize all bonded debt outstanding as of June 30, 2013, are as follows:

Fiscal year ending June 30, Principal Interest Total 2014 $ 3,995,000 $ 1,013,100 $ 5,008,100 2015 4,190,000 813,350 5,003,350 2016 4,415,000 603,850 5,018,850 2017 2,895,000 383,100 3,378,100 2018 3,050,000 238,350 3,288,350 2019-2022 1,775,000 181,600 1,956,600 Total $20,320,000 $3,233,350 $23,553,350

9. Defeased Debt In prior years, the Board defeased in substance certain outstanding bonds and certificates of participation (COP’s) by placing a portion of the proceeds of new bonds and new COP’s in an irrevocable trusts to provide for all future debt service payments on the old debt. Accordingly, the trust account assets and the liability for the in-substance defeased COPs are not included in the District’s financial statements. On June 30, 2013, debt considered defeased in substance is as follows:

AmountDebt Issues OutstandingState School Bonds, Series 1999A 1,850,000$

Exhibit D-1 Page 18x


June 30, 2013

10. Changes in Long-Term Liabilities The following is a summary of changes in long-term liabilities:

Balance Balance Due InDescription June 30, 2012 Additions Deductions June 30, 2013 One Year

Certificates of Participation 1,332,499,097$ -$ 17,366,605$ 1,315,132,492$ 22,378,680$ Less: Net Unamortized COP

Discounts & (Premium) (25,922,268) - (2,250,326) (23,671,942) (2,250,326) Total Certificates of

Participation 1,358,421,365 - 19,616,931 1,338,804,434 24,629,006

Bonds Payable 24,115,000 - 3,795,000 20,320,000 3,995,000 Obligations Under Capital

Lease 24,620,459 - 8,230,633 16,389,826 6,986,450 Estimated Insurance Claims

Payable 12,372,593 5,831,156 5,935,946 12,267,803 5,591,180 Compensated Absences 109,590,940 11,261,006 11,008,312 109,843,634 11,781,738 Other Post-Employment Benefits 61,813,352 10,340,356 - 72,153,708 -

Total 1,590,933,709$ 27,432,517$ 48,586,822$ 1,569,779,405$ 52,983,374$

For the governmental activities, compensated absences and other postemployment benefits are generally liquidated with resources of the General Fund. The estimated insurance claims are generally liquidated with resources of the Internal Service Funds. 11. Fund Balance Reporting Governmental Accounting Standards Board (GASB) has issued Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions (GASB 54) to provide a more structured classification of fund balance and to improve the usefulness of fund balance reporting to the users of the District’s financial statements. The reporting standard establishes a hierarchy for fund balance classifications and the constraints imposed on the uses of those resources. GASB 54 provides for two major types of fund balances for governmental funds, which are nonspendable and spendable. Nonspendable fund balances are balances that cannot be spent because they are not expected to be converted to cash or they are legally or contractually required to remain intact. Examples of this classification are prepaid items, inventories, and principal (corpus) of an endowment fund. The District reports its inventories as nonspendable and does not have any prepaid items or nonspendable funds related to endowments. In addition to the nonspendable fund balance, GASB 54 has provided a hierarchy of spendable fund balances, based on spending constraints. Restricted - Fund balances that are constrained by external parties, constitutional provisions, or enabling legislation. Committed - Fund balances that contain self imposed constraints of the government from its highest level of decision making authority such as school board resolutions.

Exhibit D-1 Page 18y


June 30, 2013

Assigned - Fund balances that contain self imposed constraints of the government to be used for a particular purpose. Unassigned – Fund balance of the general fund that does not have a constraint for any particular purpose. The District has classified its fund balances with the following hierarchy: Nonspendable: The District has inventories totaling $6,136,857 that are classified as nonspendable. Spendable: The District has classified the spendable fund balances as Restricted, Assigned and Unassigned and considered each to have been spent when expenditures are incurred. The District does not have a policy regarding the commitment or assignment of fund balances, however, by resolution, the Board has given the ability to assign fund balance to the Superintendent and the Chief Financial Officer. As such, the District does not report any Committed fund balance. When restricted, assigned, and unassigned funds are available for use, the District’s procedures are to use the restricted funds first, followed by the assigned funds and then the unassigned funds last. Restricted for State Categorical Programs, State Grants, Food Service, Debt Service and Capital Projects: Federal Laws, Florida Statutes and local ordinances require that certain revenues be specifically designated for the purposes of state categorical programs, food service, debt service, and capital projects. These funds have been included in the restricted category of fund balance. The restricted fund balances totaled $1,143,725,085 and represented $23,494,153 in State categorical programs, $4,153,350 in State Grants, $18,349,879 in food service, $90,765,773 in debt service and $1,006,961,931 in capital projects. Assigned for School Operations and Capital Projects: The assigned fund balances totaled $331,603,674. The Chief Financial Officer of the Board has assigned in the General Fund the OPEB liability of $72,153,708; Board Projects of $14,478,842; and School Rollover Budgets of $76,110,877. In addition, in accordance with GASB 54, the District reports outstanding encumbrances, of $2,098,370, that have not been previously reported as restricted or assigned and $155,985,407 in the current year General Funds unassigned fund balance needed to eliminate expected expenditures over expected revenues, in the subsequent year budget approved by the Board, as assigned fund balance of the General Fund. In addition, $10,776,470 is a positive fund balance of non-General Funds that have not been previously reported as nonspendable or restricted is reported as assigned fund balance. Unassigned: The unassigned fund balance for the General Fund is $61,799,653.

Exhibit D-1 Page 18z


June 30, 2013

Debt Service - Capital Projects -ARRA Other

Description General Fund Economic Capital Projects Nonmajor TotalStimulus Fund Governmental Governmental

Fund Funds FundsFund Balances: Nonspendable: Inventories General Fund 3,293,508$ -$ -$ -$ 3,293,508$ Special Revenues - Food Service - - - 2,843,349 2,843,349

Restricted: Categorical Programs 23,494,153 - - - 23,494,153 State Grants 4,153,350 - - - 4,153,350 Special Revenues - Food Service - - - 18,349,879 18,349,879 Debt Service - 60,314,898 - 30,450,874 90,765,772 Capital Projects - - 863,297,975 143,663,956 1,006,961,931

Assigned: School Operations: Encumbrances 2,098,370 - - - 2,098,370 Board Projects 14,478,842 - - - 14,478,842 School Rollover Budgets 76,110,877 - - - 76,110,877 Next Year's Budget Deficit 155,985,407 - - - 155,985,407 Other Purposes OPEB 72,153,708 - - - 72,153,708 Special Revenues - Other - - - 10,776,470 10,776,470

Unassigned: 61,799,653 - - - 61,799,653

Total Fund Balance 413,567,868$ 60,314,898$ 863,297,975$ 206,084,528$ 1,543,265,269$

Major Funds

The District has not established a contingency reserve or “Rainy Day Fund”. Instead the Board has approved in the budget to set aside 3 percent of recurring budgeted revenues at the beginning of each year to cover unforeseen events (e.g. revenue shortfalls, student enrollment under projections, etc.). At the end of the fiscal year, the unassigned general fund balance was $61,799,653 or 4.5 percent of general fund total budgeted revenues for fiscal year 2014.

Exhibit D-1 Page 18aa


June 30, 2013

12. Interfund Transfers The following is a summary of interfund receivables and payables reported in the fund financial statements at June 30, 2013:

Receivables PayablesFunds Due From Due To

Major Govermental Funds:General 10,265,109$ -$ Special Revenue - Other Federal - 9,664,242 Special Revenue - ARRA - 600,867

Total 10,265,109$ 10,265,109$

The interfund receivable and payable represents payments made prior to year end but reimbursed by the grantor after year end and therefore is repaid within 12 months. The following is a summary of interfund transfers reported in the fund financial statements at June 30, 2013:

Transfer TransferFunds In Out

Major Governmental Funds:General 11,655,922$ 6,670,000$ Debt Service - ARRA 7,000 - Capital Projects - Other - 2,553,680

Nonmajor Governmental FundsDebt Service - Other 104,683,350 - Capital Projects - PECO - 2,294,456 Capital Projects - Local Capital Improvement Tax - 111,498,136

Internal Service FundsEmployee Benefits 6,670,000 -

Total 123,016,271$ 123,016,271$

Interfund

The interfund transfers represent the payments of expenditures by one fund for another fund. The transfers in for the General Fund are from the Capital Projects Funds. One transfer was for $9.3 million for relocatable rentals and the other was for $2.3 million for PECO Charter School Capital Outlay. The transfers in for Debt Service - Other are from Capital Projects Funds for the debt service payments for capital leases and COPs payments recorded in the Debt Service. The transfer in for the Employee Benefits Internal Service Fund was due to an increase in claims and was funded from the General Fund.

Exhibit D-1 Page 18bb


June 30, 2013

13. Schedule of State Revenue Sources The District's principal source of revenues is the State, which provided approximately 37% of total revenues in the 2013 fiscal year. The following is a schedule of State revenue sources and amounts:

Sources Amount

Florida Education Finance Program 429,171,849$ Categorical Educational Programs 218,631,168 Workforce Development 31,712,727 CO&DS Withheld for SBE/COBI Bonds 5,020,625 Voluntary Pre-Kindergarten Program 3,671,367 Charter Schools Capital Outlay 2,294,456 CO&DS Distributed to District 2,080,813 Food Service Supplement 1,186,450 State License Tax 629,269 Adults With Disabilities 257,183 Other State Sources 278,163

Total 694,934,070$

14. Property Taxes The following is a summary of millages and taxes levied on the 2012 tax roll for the 2012-2013 fiscal year:

Millages Taxes LeviedGeneral FundNonvoted School Tax:

Required Local Effort 5.230 451,722,554$ Basic Discretionary Local Effort 0.748 64,605,826

Voted School Tax:Additional Voted Milleage 1.000 86,371,425

Capital Projects FundsNonvoted Tax:

Local Capital Improvement 1.500 129,557,138

Total 8.478 732,256,943$

15. State Retirement Programs Florida Retirement System. The Florida Retirement System (FRS) covers all regular employees of the District. The Florida Retirement System offers employees a defined benefit retirement plan and a defined contribution program. The District is required to make contributions in accordance with rates established by the Florida Legislature. Essentially, all regular employees of participating employers are eligible and must enroll as members of FRS. Most employees working for the District are covered by a State-administered cost-sharing multiple-employer defined benefit retirement plan (Plan) under FRS. Plan provisions are established by Chapters 121 and 122, Florida Statutes; Chapter 112, Part IV, Florida Statutes; Chapter 238, Florida Statutes; and Florida Retirement System Rules, Chapter 60S, Florida Administrative Code, wherein Plan eligibility, contributions,

Exhibit D-1 Page 18cc


June 30, 2013

and benefits are defined and described in detail. Benefits in the defined benefit plan vest at specific ages or number of years of service depending upon the employee’s classification. Under the regular classification in the defined benefit plan vest at six years of service. The Plan also includes an early retirement provision but imposes a penalty for each year a member retires before the specified retirement age. The Plan provides retirement, disability, and death benefits and annual cost-of-living adjustments, as well as supplements for health-care insurance and, for certain employees, a supplement to cover social security benefits lost by virtue of retirement system membership. A Deferred Retirement Option Program (DROP) subject to provisions of Section 121.091, Florida Statutes. It permits employees eligible for normal retirement under the Plan to defer receipt of monthly benefits payment while continuing employment with a FRS employer. An employee may participate in the DROP for a period not to exceed 60 months after electing to participate. During the period of DROP participation, deferred monthly benefits are held in the FRS Trust Fund and accrue interest. Defined Contribution Plan. Pursuant to Section 121.45.01, Florida Statutes, the Florida Legislature created a defined contribution program called the Public Employee Optional Retirement Program (PEORP). This program is administered by FRS as an option to the defined benefit plan, and is self-directed by the employee. The employees have the responsibility of selecting how their funds are invested within the approved set of investment choices and may take their funds when they leave FRS. Employer contributions are defined by law, but the ultimate benefit depends in part on the performance of investment funds. The PEORP is funded by employer contributions that are based on salary and membership class (Regular Class, Special Risk Class, etc.). Funding Policy. The contribution rates for Plan members are established and may be amended, by the State of Florida. During the 2012-13 fiscal year, contribution rates were as follows: Percent of Gross Salary Class or Plan Employee Employer (A) Florida Retirement System, Regular 3.00 5.18 Florida Retirement System, County Elected Officers 3.00 10.23 Florida Retirement System, Senior Management Service 3.00 6.30 Teachers’ Retirement System, Plan E 6.25 11.35 Deferred Retirement Option Program – Applicable to Members from All

of the Above Classes or Plans

0.00

5.44

(A) Employer rates include the post-employment health insurance supplement of 1.11% and .03% for administrative costs of the Public Employee Optional Retirement Program.

The District’s liability to the defined benefit plan and the defined contribution plan is limited to the payment of the required contribution at the rates and frequencies established by law on future payrolls of the District. The District’s contributions to the defined benefit plan (including employee contributions) for the fiscal years ended June 30, 2011, June 30, 2012 and June 30, 2013 totaled $77,311,708, $57,174,842 and $60,236,666 respectively, which were equal to the required contributions for each fiscal year. Required employer contributions made to the defined contribution program for the fiscal years ended June 30, 2011, June 30, 2012, and June 30, 2013, totaled $13,575,383, $6,483,343 and $7,049,436 respectively, which were equal to the required contributions for each fiscal year. Pension Reporting. The financial statements and required supplemental information of the FRS are included in the comprehensive annual financial report of the State of Florida which may be obtained by contacting the Florida State Chief Financial Officer’s Office in Tallahassee, Florida. Also, an annual report

Exhibit D-1 Page 18dd


June 30, 2013

of FRS that includes its financial statements, required supplemental information, actuarial report, and other relevant information may be obtained from the State of Florida, Division of Retirement, in Tallahassee, Florida. 16. Other Postemployment Benefits Plan Description. The other postemployment benefits plan is a single-employer defined benefit plan administered by the District. Pursuant to the provision of the Section 112.0801, Florida Statutes, former employees who retire from the District, and eligible dependents, may continue to participate in the District’s health and hospitalization plan for medical and prescription coverages. The District subsidizes the premium rates paid by the retirees by allowing them to participate in the plan at the blended group premium rates for both active and retired employees. These rates provide an implicit subsidy for retirees because, on an actuarial basis, their current and future claims are expected to result in higher costs to the District on average than those of active employees. Retirees are required to enroll in the Federal Medicare program for their primary coverage as soon as they are eligible. The rates by retirees eligible for Medicare are reduced by the Medicare premium. The postemployment healthcare and life insurance plan does not issue a stand-alone report, and is not included in the report of a public employee retirement system (PERS) or another entity. Funding Policy. The District funds the postemployment benefit on a pay-as-you go basis. For fiscal year 2012-13, 2,867 retirees received health care benefits. It is estimated that the District provided required contributions of $4,274,871 toward the annual OPEB cost, comprised of benefit payments made on behalf of retirees net of retiree contributions totaling $23,137,929. Annual OPEB Cost and Net OPEB Obligations. The following table shows the District’s annual OPEB cost for the year, the amount actually contributed to the plan, and changes in the District’s net OPEB obligation:

Description Amount

Normal Cost (service cost for one year) 5,977,060$ Amortization of Unfunded Actuarial Accrued Liability 11,037,536 Interest on Normal Cost and Amortization 254,025

Annual Required Contribution (ARC) 17,268,621 Interest on Net OPEB Obligation (NOO) 2,936,134 Adjustment to Annual Required Contribution (5,589,528)

Annual OPEB Cost (Expense) 14,615,227

Contribution Toward the OPEB Cost 4,274,871

Increase in Net OPEB Obligation 10,340,356

Net OPEB Obligation, Beginning of Year 61,813,352

Net OPEB Obligation, End of Year 72,153,708$

The District’s annual OPEB Cost, the percentage of annual OPEB cost contributed to the plan, and the net OPEB obligation as of June 30, 2013, and the preceding years, was as follows:

Exhibit D-1 Page 18ee


June 30, 2013

Fiscal Annual Amount Percentage of Net OPEBYear OPEB Cost Contributed Annual Obligation

Ended OPEB CostContributed

June 30, 2008 14,081,071$ 4,873,175$ 34.61% 9,207,896$ June 30, 2009 16,685,699$ 6,291,151$ 37.70% 20,509,726$ June 30, 2010 21,095,334$ 6,101,014$ 28.92% 36,830,714$ June 30, 2011 18,387,517$ 3,553,705$ 19.33% 51,664,527$ June 30, 2012 14,701,659$ 4,552,834$ 30.97% 61,813,352$ June 30, 2013 14,645,112$ 4,274,871$ 29.19% 72,153,708$

Funded Status and Funding Process. The funded status of the plan as of June 30, 2013, was as follows:

Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about future employment and termination, mortality, and the healthcare cost trends. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, presented as required supplementary information following the notes to the financial statements, presents multiyear trend information. Actuarial Methods and Assumptions. Projection of benefits for financial reporting purposes are based on the substantive plan provisions, as understood by the employer and participating members, and include the type of benefits provided at the time of each valuation and the historical pattern of sharing benefit costs between the employer and participating members. The actuarial methods and assumptions used include techniques that are designed to reduce the effect of short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations. The entry age normal cost actuarial method was used to determine OPEB actuarial valuation. Because the OPEB liability is currently unfunded, the actuarial assumptions included a 4.25 percent discount rate. The actuarial assumptions also included an annual healthcare cost trend of 7.7 percent for the fiscal year 2011-12, then dropping to an ultimate rate of 5 percent in fiscal year 2020-21. The actuarial assumptions also included an inflation rate of 3.0 percent and 3.0 percent for salary increases. The unfunded actuarial accrued liability is being amortized as a level percentage of projected payrolls on a closed basis. The remaining amortization period at June 30, 2013 is 24 years.

Exhibit D-1 Page 18ff


June 30, 2013

17. Construction Contract Commitments The following is a summary of major construction contract commitments remaining at fiscal year-end:

18. Risk Management Programs The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. Worker’s compensation, automobile liability, and general liability coverage are being provided on a self-insured basis up to specified limits. The District has entered into agreements with various insurance companies to provide specific excess coverage of claim amounts above the stated amount on an individual claim basis and aggregate excess coverage when total claims minus specific excess coverage exceeds the loss fund established annually by the District. The District has contracted with an insurance administrator to administer these self-insurance programs, including the processing, investigating, and payment of claims. A liability was actuarially determined to cover estimated incurred but not reported insurance claims payable at June 30, 2013. Liabilities for incurred losses to be settled by fixed or reasonably determinable payments over a long period of time are reported at their present value using an investment yield rate of 2% as determined by a review of the District’s interest rates received from money market mutual funds and government securities. These liabilities are $12,267,803 at June 30, 2013. The District provides employee group health and life insurance through a health maintenance organization (HMO) and a preferred provider option (PPO). Under these plans, the Board contributes employee premiums as fringe benefits to employees. Premiums for coverages provided for employee dependents and retirees and their dependents are paid in advance by the employee or retiree. These plans provide for maximum premiums based on the number of participants and individual or family coverages. The HMO plan is administered by an insurance company who is reimbursed by the District from a detail record of services provided. The PPO plan provides for an aggregate stop loss protection after the District has paid out 120% of an annual estimated claims paid amount. The plan is administered by a third-party administrator who pays the health insurance claims from the health care provider. The District reimburses the claims revolving fund from a detailed record of claims paid. The District reported an estimated unpaid claims liability of $12,500,000 in the Internal Service Funds for the group health insurance program at June 30, 2013. Settled claims resulting from the risks described above have not exceeded into the excess commercial insurance coverage in any of the past three fiscal years.

Construction Contract Commitments as of June 30, 2013

Contract Completed BalanceProject Amount to Date Committed

Oak Ridge High School Replacement 33,371,308 28,916,362 4,454,946 Dr. Phillips High School Comprehensive 48,709,730 26,353,534 22,356,196

Total 82,081,038$ 55,269,896$ 26,811,142$

Exhibit D-1 Page 18gg


June 30, 2013

The following schedule represents the changes in the claims liability for the past two fiscal years for the District’s self insurance programs:

19. Litigation and Contingencies The District is a defendant in numerous lawsuits as of June 30, 2013. It is the opinion of management, after giving consideration to the District’s related insurance coverage, as well as the Florida statutory limitations on governmental liabilities on uninsured risks, that the amount of loss resulting from litigation that exceed the above mentioned limits would not be material to the financial position of the District. Amounts received or receivable from grantors are subject to audit and adjustment by grantor agencies, principally the federal government. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of expenditures which may be disallowed by grantors cannot be determined at this time although the District expects such amounts, if any, to be immaterial. 20. Subsequent Event On September 18, 2013 the Board issued $19,290,000 in Series 2013A Certificates of Participation (COPs) to partially refund $20,200,000 of the outstanding 2004 COPs. The refunding resulted in a net present value savings of $1,364,713. The 2013A COPs mature in 2025.

Exhibit D-2aPage 19

DISTRICT SCHOOL BOARD OF ORANGE COUNTY REQUIRED SUPPLEMENTARY INFORMATION -SCHEDULE OF FUNDING PROGRESSOTHER POST-EMPLOYMENT BENEFITS PLAN

Actuarial Value of Assets

Actuarial Accrued Liability (AAL) Projected Unit

CreditUnfunded AAL

(UAAL) Funded RatioCovered Payroll

UAAL as a Percent

of Covered Payroll

(a) (b) (b-a) (a/b) (c) [(b-a)/c]

June 30, 2008 -$ 161,575,140$ 161,575,140$ 0.0% 784,063,713$ 20.6%June 30, 2009 -$ 248,582,500$ 248,582,500$ 0.0% 772,406,071$ 32.2%June 30, 2010 -$ 381,145,226$ 381,145,226$ 0.0% 712,129,057$ 53.5%June 30, 2011 -$ 278,619,769$ 278,619,769$ 0.0% 719,671,967$ 38.7%June 30, 2012 -$ 287,415,970$ 287,415,970$ 0.0% 730,671,721$ 39.3%June 30, 2013 -$ 318,167,715$ 318,167,715$ 0.0% 733,475,705$ 43.4%

ESE 145

Actuarial Valuation

Date

June 30, 2013

Exhibit E-1Page 21

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALGENERAL FUNDFor the Fiscal Year Ended June 30, 2013

Variance with Account Actual Final Budget -Number Original Final Amounts Positive (Negative)

REVENUESFederal Direct 3100 1,130,000.00 1,130,000.00 1,290,063.15 160,063.15Federal Through State and Local 3200 1,671,000.00 1,671,000.00 4,307,201.11 2,636,201.11State Sources 3300 692,731,391.00 692,731,391.00 684,453,879.57 (8,277,511.43)Local Sources:

Property Taxes Levied, Tax Redemptions, and Excess Fees for Operational Purposes

3411, 3421, 3423 578,591,813.00 578,591,813.00 580,088,305.64 1,496,492.64


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00

Local Sales Taxes 3418, 3419 0.00 0.00Charges for Service - Food Service 345X 0.00 0.00Impact Fees 3496 0.00 0.00Other Local Revenue 4,418,487.00 4,418,487.00 22,642,673.15 18,224,186.15Total Local Sources 3400 583,010,300.00 583,010,300.00 602,730,978.79 19,720,678.79

Total Revenues 1,278,542,691.00 1,278,542,691.00 1,292,782,122.62 14,239,431.62EXPENDITURESCurrent:

Instruction 5000 1,078,918,147.00 1,052,126,282.98 820,174,367.02 231,951,915.96Student Personnel Services 6100 58,237,791.00 58,237,791.00 29,755,383.34 28,482,407.66Instructional Media Services 6200 14,499,728.00 14,899,728.00 14,811,546.08 88,181.92Instruction and Curriculum Development Services 6300 51,325,168.00 51,325,168.00 41,924,497.36 9,400,670.64Instructional Staff Training Services 6400 2,271,533.00 10,671,533.00 10,637,200.87 34,332.13Instructional-Related Technology 6500 13,752,270.00 13,752,270.00 11,388,956.82 2,363,313.18Board 7100 3,420,283.00 3,420,283.00 3,187,675.01 232,607.99General Administration 7200 2,870,991.00 5,270,991.00 5,156,342.30 114,648.70School Administration 7300 84,801,994.00 94,201,994.00 93,887,175.21 314,818.79Facilities Acquisition and Construction 7410 7,594,580.00 8,219,547.58 8,082,756.60 136,790.98Fiscal Services 7500 6,079,953.00 6,079,953.00 5,617,606.18 462,346.82Food Services 7600 35,000.00 475.00 34,525.00Central Services 7700 15,558,657.00 15,558,657.00 15,162,312.77 396,344.23Student Transportation Services 7800 57,872,497.00 58,472,497.00 58,368,620.44 103,876.56Operation of Plant 7900 115,343,844.00 115,343,844.00 95,616,510.73 19,727,333.27Maintenance of Plant 8100 33,514,357.00 33,514,357.00 31,011,099.54 2,503,257.46Administrative Technology Services 8200 25,061,549.00 25,061,549.00 15,751,539.08 9,310,009.92Community Services 9100 1,050,000.00 1,030,708.48 19,291.52

Debt Service: (Function 9200)Retirement of Principal 710 0.00 0.00Interest 720 100,993.00 100,993.00 0.00 100,993.00Due and Fees 730 0.00 0.00Miscellaneous 790 0.00 0.00

Capital Outlay:Facilities Acquisition and Construction 7420 375,032.42 375,032.42 0.00Other Capital Outlay 9300 3,506,864.02 3,506,864.02 0.00

Total Expenditures 1,571,224,335.00 1,571,224,335.00 1,265,446,669.27 305,777,665.73Excess (Deficiency) of Revenues Over (Under) Expenditures (292,681,644.00) (292,681,644.00) 27,335,453.35 320,017,097.35OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00

Premium on Sale of Bonds 3791 0.00 0.00Discount on Sale of Bonds 891 0.00 0.00

Proceeds of Lease-Purchase Agreements 3750 0.00 0.00Premium on Lease-Purchase Agreements 3793 0.00 0.00Discount on Lease-Purchase Agreements 893 0.00 0.00

Loans 3720 0.00 0.00Sale of Capital Assets 3730 940,368.21 940,368.21Loss Recoveries 3740 75,773.10 75,773.10Proceeds of Forward Supply Contract 3760 0.00 0.00Proceeds from Special Facility Construction Account 3770 0.00 0.00Face Value of Refunding Bonds 3715 0.00 0.00

Premium on Refunding Bonds 3792 0.00 0.00Discount on Refunding Bonds 892 0.00 0.00

Refunding Lease-Purchase Agreements 3755 0.00 0.00Premium on Refunding Lease-Purchase Agreements 3794 0.00 0.00Discount on Refunding Lease-Purchase Agreements 894 0.00 0.00

Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00Transfers In 3600 16,684,979.00 16,684,979.00 11,655,921.68 (5,029,057.32)Transfers Out 9700 (6,670,000.00) (6,670,000.00) (6,670,000.00) 0.00Total Other Financing Sources (Uses) 10,014,979.00 10,014,979.00 6,002,062.99 (4,012,916.01)SPECIAL ITEMS__________________________________________ 0.00 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00 0.00Net Change in Fund Balances (282,666,665.00) (282,666,665.00) 33,337,516.34 316,004,181.34Fund Balances, July 1, 2012 2800 321,022,946.00 321,022,946.00 380,230,351.04 59,207,405.04Adjustment to Fund Balances 2891 0.00 0.00Fund Balances, June 30, 2013 2700 38,356,281.00 38,356,281.00 413,567,867.38 375,211,586.38

ESE 145

Budgeted Amounts

Exhibit E-2aPage 22

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALRESERVED FOR FOOD SERVICE FUND IF MAJORFor the Fiscal Year Ended June 30, 2013


REVENUESFederal Direct 3100 0.00 0.00Federal Through State 3200 0.00 0.00State Sources 3300 0.00 0.00Local Sources:


3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00

Local Sales Taxes 3418, 3419 0.00 0.00Charges for Service - Food Service 345X 0.00 0.00Impact Fees 3496 0.00 0.00Other Local Revenue 0.00 0.00Total Local Sources 3400 0.00 0.00 0.00 0.00

Total Revenues 0.00 0.00 0.00 0.00EXPENDITURESCurrent:

Instruction 5000 0.00 0.00Student Personnel Services 6100 0.00 0.00Instructional Media Services 6200 0.00 0.00Instruction and Curriculum Development Services 6300 0.00 0.00Instructional Staff Training Services 6400 0.00 0.00Instructional-Related Technology 6500 0.00 0.00Board 7100 0.00 0.00General Administration 7200 0.00 0.00School Administration 7300 0.00 0.00Facilities Acquisition and Construction 7410 0.00 0.00Fiscal Services 7500 0.00 0.00Food Services 7600 0.00 0.00Central Services 7700 0.00 0.00Student Transportation Services 7800 0.00 0.00Operation of Plant 7900 0.00 0.00Maintenance of Plant 8100 0.00 0.00Administrative Technology Services 8200 0.00 0.00Community Services 9100 0.00 0.00

Debt Service: (Function 9200)Retirement of Principal 710 0.00 0.00Interest 720 0.00 0.00Dues and Fees 730 0.00 0.00Miscellaneous 790 0.00 0.00

Capital Outlay:Facilities Acquisition and Construction 7420 0.00 0.00Other Capital Outlay 9300 0.00 0.00

Total Expenditures 0.00 0.00 0.00 0.00Excess (Deficiency) of Revenues Over (Under) Expenditures 0.00 0.00 0.00 0.00OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00



Loans 3720 0.00 0.00Sale of Capital Assets 3730 0.00 0.00Loss Recoveries 3740 0.00 0.00Proceeds of Forward Supply Contract 3760 0.00 0.00Proceeds from Special Facility Construction Account 3770 0.00 0.00Face Value of Refunding Bonds 3715 0.00 0.00



Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00Transfers In 3600 0.00 0.00Transfers Out 9700 0.00 0.00Total Other Financing Sources (Uses) 0.00 0.00 0.00 0.00SPECIAL ITEMS__________________________________________ 0.00 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00 0.00Net Change in Fund Balances 0.00 0.00 0.00 0.00Fund Balances, July 1, 2012 2800 0.00 0.00Adjustment to Fund Balances 2891 0.00 0.00Fund Balances, June 30, 2013 2700 0.00 0.00 0.00 0.00

ESE 145

Budgeted Amounts

Exhibit E-2bPage 23

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALMAJOR SPECIAL REVENUE - OTHER FEDERAL PROGRAMS FUNDFor the Fiscal Year Ended June 30, 2013


REVENUESFederal Direct 3100 15,002,961.56 15,002,961.56 0.00Federal Through State 3200 113,558,840.09 113,558,840.09 0.00State Sources 3300 3,054.98 3,054.98 0.00Local Sources:


3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00

Local Sales Taxes 3418, 3419 0.00 0.00Charges for Service - Food Service 345X 0.00 0.00Impact Fees 3496 0.00 0.00Other Local Revenue 38,852.60 38,852.60 0.00Total Local Sources 3400 0.00 38,852.60 38,852.60 0.00

Total Revenues 0.00 128,603,709.23 128,603,709.23 0.00EXPENDITURESCurrent:

Instruction 5000 46,382,308.46 46,382,308.46 0.00Student Personnel Services 6100 13,413,061.93 13,413,061.93 0.00Instructional Media Services 6200 438,905.14 438,905.14 0.00Instruction and Curriculum Development Services 6300 23,869,791.83 23,869,791.83 0.00Instructional Staff Training Services 6400 25,100,435.20 25,100,435.20 0.00Instructional-Related Technology 6500 166,230.67 166,230.67 0.00Board 7100 114,522.52 114,522.52 0.00General Administration 7200 2,320,260.63 2,320,260.63 0.00School Administration 7300 311,681.99 311,681.99 0.00Facilities Acquisition and Construction 7410 5,258.43 5,258.43 0.00Fiscal Services 7500 174,181.49 174,181.49 0.00Food Services 7600 30,527.92 30,527.92 0.00Central Services 7700 529,245.05 529,245.05 0.00Student Transportation Services 7800 6,429,995.94 6,429,995.94 0.00Operation of Plant 7900 342,224.15 342,224.15 0.00Maintenance of Plant 8100 42,714.38 42,714.38 0.00Administrative Technology Services 8200 289,360.18 289,360.18 0.00Community Services 9100 6,573,441.50 6,573,441.50 0.00


Capital Outlay:Facilities Acquisition and Construction 7420 93,234.60 93,234.60 0.00Other Capital Outlay 9300 1,976,327.22 1,976,327.22 0.00

Total Expenditures 0.00 128,603,709.23 128,603,709.23 0.00Excess (Deficiency) of Revenues Over (Under) Expenditures 0.00 0.00 0.00 0.00OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00







ESE 145

Budgeted Amounts

Exhibit E-2cPage 24

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALMAJOR SPECIAL REVENUE - FEDERAL ECONOMIC STIMULUS PROGRAMS FUNDSFor the Fiscal Year Ended June 30, 2013


REVENUESFederal Direct 3100 0.00 0.00Federal Through State 3200 7,956,868.39 7,956,868.39 0.00State Sources 3300 0.00 0.00Local Sources:


3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00



Instruction 5000 2,098,902.47 2,098,902.47 0.00Student Personnel Services 6100 0.00 0.00Instructional Media Services 6200 0.00 0.00Instruction and Curriculum Development Services 6300 1,769,097.62 1,769,097.62 0.00Instructional Staff Training Services 6400 1,882,635.82 1,882,635.82 0.00Instructional-Related Technology 6500 0.00 0.00Board 7100 0.00 0.00General Administration 7200 222,135.43 222,135.43 0.00School Administration 7300 0.00 0.00Facilities Acquisition and Construction 7410 0.00 0.00Fiscal Services 7500 0.00 0.00Food Services 7600 0.00 0.00Central Services 7700 457,045.13 457,045.13 0.00Student Transportation Services 7800 61,095.45 61,095.45 0.00Operation of Plant 7900 0.00 0.00Maintenance of Plant 8100 0.00 0.00Administrative Technology Services 8200 1,191,585.53 1,191,585.53 0.00Community Services 9100 139,177.98 139,177.98 0.00


Capital Outlay:Facilities Acquisition and Construction 7420 0.00 0.00Other Capital Outlay 9300 135,192.96 135,192.96 0.00

Total Expenditures 0.00 7,956,868.39 7,956,868.39 0.00Excess (Deficiency) of Revenues Over (Under) Expenditures 0.00 0.00 0.00 0.00OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00







ESE 145

Budgeted Amounts

Exhibit E-2dPage 25

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALRESERVED FOR SPECIAL REVENUE FUND - MISCELLANEOUS IF MAJORFor the Fiscal Year Ended June 30, 2013


REVENUESFederal Direct 3100 0.00 0.00Federal Through State 3200 0.00 0.00State Sources 3300 0.00 0.00Local Sources:


3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00






Total Expenditures 0.00 0.00 0.00 0.00Excess (Deficiency) of Revenues Over (Under) Expenditures 0.00 0.00 0.00 0.00OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00







ESE 145

Budgeted Amounts

Exhibit F-1aPage 26

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING BALANCE SHEETNONMAJOR GOVERNMENTAL FUNDSJune 30, 2013

Food Miscellaneous Total NonmajorAccount Services Special Revenue Special RevenueNumber 410 490 Funds

ASSETS AND DEFERRED OUTFLOWS OF RESOURCESASSETSCash and Cash Equivalents 1110 8,035,783.17 15,000.00 8,050,783.17Investments 1160 2,122,864.72 10,866,379.94 12,989,244.66Taxes Receivable, Net 1120 0.00 0.00 0.00Accounts Receivable, Net 1130 0.00 2,406.95 2,406.95Interest Receivable on Investments 1170 0.00 0.00 0.00Due From Reinsurer 1180 0.00 0.00 0.00Deposits Receivable 1210 0.00 0.00 0.00Due From Other Funds:

Budgetary Funds 1141 0.00 0.00 0.00Internal Funds 1142 0.00 0.00 0.00

Due From Other Agencies 1220 9,500,998.28 0.00 9,500,998.28Inventory 1150 2,843,348.92 0.00 2,843,348.92Prepaid Items 1230 0.00 0.00 0.00Restricted Assets:

Cash with Fiscal/Service Agents 1114 0.00 0.00 0.00Total Assets 22,502,995.09 10,883,786.89 33,386,781.98DEFERRED OUTFLOWS OF RESOURCESAccumulated Decrease in Fair Value of Hedging Derivative 1910 0.00 0.00 0.00Total Deferred Outflows of Resources 0.00 0.00 0.00Total Assets and Deferred Outflows of Resources 22,502,995.09 10,883,786.89 33,386,781.98LIABILITIES, DEFERRED INFLOWS OF RESOURCES,

AND FUND BALANCESLIABILITIESAccrued Salaries and Benefits 2110 460,532.02 62,014.94 522,546.96Payroll Deductions and Withholding 2170 0.00 0.00 0.00Accounts Payable 2120 101,780.61 45,301.65 147,082.26Judgments Payable 2130 0.00 0.00 0.00Construction Contracts Payable 2140 0.00 0.00 0.00Construction Contracts Payable - Retained Percentage 2150 0.00 0.00 0.00Sales Tax Payable 2260 0.00 0.00 0.00Matured Bonds Payable 2180 0.00 0.00 0.00Matured Interest Payable 2190 0.00 0.00 0.00Due to Fiscal Agent 2240 0.00 0.00 0.00Accrued Interest Payable 2210 0.00 0.00 0.00Deposits Payable 2220 0.00 0.00 0.00Due to Other Agencies 2230 0.00 0.00 0.00Current Notes Payable 2250 0.00 0.00 0.00Due to Other Funds:

Budgetary Funds 2161 0.00 0.00 0.00Internal Funds 2162 35,211.35 0.00 35,211.35

Deferred Revenues:Unearned Revenue 2410 712,243.53 0.00 712,243.53Unavailable Revenue 2410 0.00 0.00 0.00

Total Liabilities 1,309,767.51 107,316.59 1,417,084.10DEFERRED INFLOWS OF RESOURCESAccumulated Increase in Fair Value of Hedging Derivative 2610 0.00 0.00 0.00Total Deferred Inflows of Resources 0.00 0.00 0.00FUND BALANCESNonspendable:

Inventory 2711 2,843,348.92 0.00 2,843,348.92Prepaid Amounts 2712 0.00 0.00 0.00Permanent Fund Principal 2713 0.00 0.00 0.00Other Not in Spendable Form 2719 0.00 0.00 0.00

Total Nonspendable Fund Balance 2710 2,843,348.92 0.00 2,843,348.92Restricted for:

Economic Stabilization 2721 0.00 0.00 0.00Federal Required Carryover Programs 2722 0.00 0.00 0.00State Required Carryover Programs 2723 0.00 0.00 0.00Local Sales Tax and Other Tax Levy 2724 0.00 0.00 0.00Debt Service 2725 0.00 0.00 0.00Capital Projects 2726 0.00 0.00 0.00Restricted for _________________ 2729 0.00 0.00 0.00Restricted for _________________ 2729 18,349,878.66 0.00 18,349,878.66

Total Restricted Fund Balance 2720 18,349,878.66 0.00 18,349,878.66Committed to:

Economic Stabilization 2731 0.00 0.00 0.00Contractual Agreements 2732 0.00 0.00 0.00Committed for ________________ 2739 0.00 0.00 0.00Committed for ________________ 2739 0.00 0.00 0.00

Total Committed Fund Balance 2730 0.00 0.00 0.00Assigned to:

Special Revenue 2741 0.00 0.00 0.00Debt Service 2742 0.00 0.00 0.00Capital Projects 2743 0.00 0.00 0.00Permanent Fund 2744 0.00 0.00 0.00Assigned for __________________ 2749 0.00 0.00 0.00Assigned for __________________ 2749 0.00 10,776,470.30 10,776,470.30

Total Assigned Fund Balance 2740 0.00 10,776,470.30 10,776,470.30

Total Unassigned Fund Balance 2750 0.00 0.00 0.00Total Fund Balances 2700 21,193,227.58 10,776,470.30 31,969,697.88Total Liabilities, Deferred Inflows of Resources,

and Fund Balances 22,502,995.09 10,883,786.89 33,386,781.98

The accompanying notes to financial statements are an integral part of this statemenESE 145

Special Revenue Funds

Exhibit F-1bPage 27

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING BALANCE SHEET (CONTINUED)NONMAJOR GOVERNMENTAL FUNDSJune 30, 2013

SBE/COBI Other Debt Total NonmajorAccount Bonds Service Debt ServiceNumber 210 290 Funds

ASSETS AND DEFERRED OUTFLOWS OF RESOURCESASSETSCash and Cash Equivalents 1110 0.00 0.00 0.00Investments 1160 580,092.51 31,981,248.99 32,561,341.50Taxes Receivable, Net 1120 0.00 0.00 0.00Accounts Receivable, Net 1130 0.00 0.00 0.00Interest Receivable on Investments 1170 0.00 5,580.37 5,580.37Due From Reinsurer 1180 0.00 0.00 0.00Deposits Receivable 1210 0.00 0.00 0.00Due From Other Funds:


Due from Other Agencies 1220 0.00 0.00 0.00Inventory 1150 0.00 0.00 0.00Prepaid Items 1230 0.00 0.00 0.00Restricted Assets:

Cash with Fiscal/Service Agents 1114 0.00 0.00 0.00Total Assets 580,092.51 31,986,829.36 32,566,921.87DEFERRED OUTFLOWS OF RESOURCESAccumulated Decrease in Fair Value of Hedging Derivative 1910 0.00 0.00 0.00Total Deferred Outflows of Resources 0.00 0.00 0.00Total Assets and Deferred Outflows of Resources 580,092.51 31,986,829.36 32,566,921.87LIABILITIES, DEFERRED INFLOWS OF RESOURCES,

AND FUND BALANCESLIABILITIESAccrued Salaries and Benefits 2110 0.00 0.00 0.00Payroll Deductions and Withholding 2170 0.00 0.00 0.00Accounts Payable 2120 0.00 0.00 0.00Judgments Payable 2130 0.00 0.00 0.00Construction Contracts Payable 2140 0.00 0.00 0.00Construction Contracts Payable - Retained Percentage 2150 0.00 0.00 0.00Sales Tax Payable 2260 0.00 0.00 0.00Matured Bonds Payable 2180 0.00 2,116,047.50 2,116,047.50Matured Interest Payable 2190 0.00 0.00 0.00Due to Fiscal Agent 2240 0.00 0.00 0.00Accrued Interest Payable 2210 0.00 0.00 0.00Deposits Payable 2220 0.00 0.00 0.00Due to Other Agencies 2230 0.00 0.00 0.00Current Notes Payable 2250 0.00 0.00 0.00Due to Other Funds:


Deferred Revenues:Unearned Revenue 2410 0.00 0.00 0.00Unavailable Revenue 2410 0.00 0.00 0.00

Total Liabilities 0.00 2,116,047.50 2,116,047.50DEFERRED INFLOWS OF RESOURCESAccumulated Increase in Fair Value of Hedging Derivative 2610 0.00 0.00 0.00Total Deferred Inflows of Resources 0.00 0.00 0.00FUND BALANCESNonspendable:

Inventory 2711 0.00 0.00 0.00Prepaid Amounts 2712 0.00 0.00 0.00Permanent Fund Principal 2713 0.00 0.00 0.00Other Not in Spendable Form 2719 0.00 0.00 0.00

Total Nonspendable Fund Balance 2710 0.00 0.00 0.00Restricted for:

Economic Stabilization 2721 0.00 0.00 0.00Federal Required Carryover Programs 2722 0.00 0.00 0.00State Required Carryover Programs 2723 0.00 0.00 0.00Local Sales Tax and Other Tax Levy 2724 0.00 0.00 0.00Debt Service 2725 580,092.51 29,870,781.86 30,450,874.37Capital Projects 2726 0.00 0.00 0.00Restricted for _________________ 2729 0.00 0.00 0.00Restricted for _________________ 2729 0.00 0.00 0.00

Total Restricted Fund Balance 2720 580,092.51 29,870,781.86 30,450,874.37Committed to:

Economic Stabilization 2731 0.00 0.00 0.00Contractual Agreements 2732 0.00 0.00 0.00Committed for ________________ 2739 0.00 0.00 0.00Committed for ________________ 2739 0.00 0.00 0.00

Total Committed Fund Balance 2730 0.00 0.00 0.00Assigned to:

Special Revenue 2741 0.00 0.00 0.00Debt Service 2742 0.00 0.00 0.00Capital Projects 2743 0.00 0.00 0.00Permanent Funds 2744 0.00 0.00 0.00Assigned for __________________ 2749 0.00 0.00 0.00Assigned for __________________ 2749 0.00 0.00 0.00

Total Assigned Fund Balance 2740 0.00 0.00 0.00

Total Unassigned Fund Balance 2750 0.00 0.00 0.00Total Fund Balances 2700 580,092.51 29,870,781.86 30,450,874.37Total Liabilities, Deferred Inflows of Resources,

and Fund Balances 580,092.51 31,986,829.36 32,566,921.87


Debt Service Funds

Exhibit F-1cPage 28


Public Education Capital Outlay and Nonvoted CapitalCapital Outlay and Improvement Section Total Nonmajor

Account (PECO) Debt Service Program 1011.71(2), F.S. Capital ProjectsNumber 340 360 370 Funds

ASSETS AND DEFERRED OUTFLOWS OF RESOURCESASSETSCash and Cash Equivalents 1110 0.00 0.00 0.00 0.00Investments 1160 5,297.19 6,194,025.93 139,106,279.27 145,305,602.39Taxes Receivable, Net 1120 0.00 0.00 0.00 0.00Accounts Receivable, Net 1130 0.00 0.00 0.00 0.00Interest Receivable on Investments 1170 0.00 0.00 0.00 0.00Due From Reinsurer 1180 0.00 0.00 0.00 0.00Deposits Receivable 1210 0.00 0.00 0.00 0.00Due From Other Funds:

Budgetary Funds 1141 0.00 0.00 0.00 0.00Internal Funds 1142 0.00 0.00 0.00 0.00

Due from Other Agencies 1220 0.00 0.00 2,629,072.47 2,629,072.47Inventory 1150 0.00 0.00 0.00 0.00Prepaid Items 1230 0.00 0.00 0.00 0.00Restricted Assets:

Cash with Fiscal/Service Agents 1114 0.00 0.00 0.00 0.00Total Assets 5,297.19 6,194,025.93 141,735,351.74 147,934,674.86DEFERRED OUTFLOWS OF RESOURCESAccumulated Decrease in Fair Value of Hedging Derivative 1910 0.00 0.00 0.00 0.00Total Deferred Outflows of Resources 0.00 0.00 0.00 0.00Total Assets and Deferred Outflows of Resources 5,297.19 6,194,025.93 141,735,351.74 147,934,674.86LIABILITIES, DEFERRED INFLOWS OF RESOURCES,

AND FUND BALANCESLIABILITIESAccrued Salaries and Benefits 2110 0.00 0.00 0.00 0.00Payroll Deductions and Withholding 2170 0.00 0.00 0.00 0.00Accounts Payable 2120 0.00 104,543.57 3,963,730.85 4,068,274.42Judgments Payable 2130 0.00 0.00 0.00 0.00Construction Contracts Payable 2140 0.00 0.00 201,444.88 201,444.88Construction Contracts Payable - Retained Percentage 2150 0.00 500.00 500.00 1,000.00Sales Tax Payable 2260 0.00 0.00 0.00 0.00Matured Bonds Payable 2180 0.00 0.00 0.00 0.00Matured Interest Payable 2190 0.00 0.00 0.00 0.00Due to Fiscal Agent 2240 0.00 0.00 0.00 0.00Accrued Interest Payable 2210 0.00 0.00 0.00 0.00Deposits Payable 2220 0.00 0.00 0.00 0.00Due to Other Agencies 2230 0.00 0.00 0.00 0.00Current Notes Payable 2250 0.00 0.00 0.00 0.00Due to Other Funds:

Budgetary Funds 2161 0.00 0.00 0.00 0.00Internal Funds 2162 0.00 0.00 0.00 0.00

Deferred Revenues:Unearned Revenue 2410 0.00 0.00 0.00 0.00Unavailable Revenue 2410 0.00 0.00 0.00 0.00

Total Liabilities 0.00 105,043.57 4,165,675.73 4,270,719.30DEFERRED INFLOWS OF RESOURCESAccumulated Increase in Fair Value of Hedging Derivative 2610 0.00 0.00 0.00 0.00Total Deferred Inflows of Resources 0.00 0.00 0.00 0.00FUND BALANCESNonspendable:

Inventory 2711 0.00 0.00 0.00 0.00Prepaid Amounts 2712 0.00 0.00 0.00 0.00Permanent Fund Principal 2713 0.00 0.00 0.00 0.00Other Not in Spendable Form 2719 0.00 0.00 0.00 0.00

Total Nonspendable Fund Balance 2710 0.00 0.00 0.00 0.00Restricted for:

Economic Stabilization 2721 0.00 0.00 0.00 0.00Federal Required Carryover Programs 2722 0.00 0.00 0.00 0.00State Required Carryover Programs 2723 0.00 0.00 0.00 0.00Local Sales Tax and Other Tax Levy 2724 0.00 0.00 0.00 0.00Debt Service 2725 0.00 0.00 0.00 0.00Capital Projects 2726 5,297.19 6,088,982.36 137,569,676.01 143,663,955.56Restricted for _________________ 2729 0.00 0.00 0.00 0.00Restricted for _________________ 2729 0.00 0.00 0.00 0.00

Total Restricted Fund Balance 2720 5,297.19 6,088,982.36 137,569,676.01 143,663,955.56Committed to:

Economic Stabilization 2731 0.00 0.00 0.00 0.00Contractual Agreements 2732 0.00 0.00 0.00 0.00Committed for ________________ 2739 0.00 0.00 0.00 0.00Committed for ________________ 2739 0.00 0.00 0.00 0.00

Total Committed Fund Balance 2730 0.00 0.00 0.00 0.00Assigned to:

Special Revenue 2741 0.00 0.00 0.00 0.00Debt Service 2742 0.00 0.00 0.00 0.00Capital Projects 2743 0.00 0.00 0.00 0.00Permanent Funds 2744 0.00 0.00 0.00 0.00Assigned for __________________ 2749 0.00 0.00 0.00 0.00Assigned for __________________ 2749 0.00 0.00 0.00 0.00

Total Assigned Fund Balance 2740 0.00 0.00 0.00 0.00

Total Unassigned Fund Balance 2750 0.00 0.00 0.00 0.00Total Fund Balances 2700 5,297.19 6,088,982.36 137,569,676.01 143,663,955.56Total Liabilities, Deferred Inflows of Resources,

and Fund Balances 5,297.19 6,194,025.93 141,735,351.74 147,934,674.86


Capital Projects Funds

Exhibit F-1dPage 29


TotalPermanent Nonmajor

Account Fund GovernmentalNumber 000 Funds

ASSETS AND DEFERRED OUTFLOWS OF RESOURCESASSETSCash and Cash Equivalents 1110 0.00 8,050,783.17Investments 1160 0.00 190,856,188.55Taxes Receivable, Net 1120 0.00 0.00Accounts Receivable, Net 1130 0.00 2,406.95Interest Receivable on Investments 1170 0.00 5,580.37Due From Reinsurer 1180 0.00 0.00Deposits Receivable 1210 0.00 0.00Due From Other Funds:

Budgetary Funds 1141 0.00 0.00Internal Funds 1142 0.00 0.00

Due from Other Agencies 1220 0.00 12,130,070.75Inventory 1150 0.00 2,843,348.92Prepaid Items 1230 0.00 0.00Restricted Assets:

Cash with Fiscal/Service Agents 1114 0.00 0.00Total Assets 0.00 213,888,378.71DEFERRED OUTFLOWS OF RESOURCESAccumulated Decrease in Fair Value of Hedging Derivative 1910 0.00 0.00Total Deferred Outflows of Resources 0.00 0.00Total Assets and Deferred Outflows of Resources 0.00 213,888,378.71LIABILITIES, DEFERRED INFLOWS OF RESOURCES,

AND FUND BALANCESLIABILITIESAccrued Salaries and Benefits 2110 0.00 522,546.96Payroll Deductions and Withholding 2170 0.00 0.00Accounts Payable 2120 0.00 4,215,356.68Judgments Payable 2130 0.00 0.00Construction Contracts Payable 2140 0.00 201,444.88Construction Contracts Payable - Retained Percentage 2150 0.00 1,000.00Sales Tax Payable 2260 0.00 0.00Matured Bonds Payable 2180 0.00 2,116,047.50Matured Interest Payable 2190 0.00 0.00Due to Fiscal Agent 2240 0.00 0.00Accrued Interest Payable 2210 0.00 0.00Deposits Payable 2220 0.00 0.00Due to Other Agencies 2230 0.00 0.00Current Notes Payable 2250 0.00 0.00Due to Other Funds:

Budgetary Funds 2161 0.00 0.00Internal Funds 2162 0.00 35,211.35

Deferred Revenues:Unearned Revenue 2410 0.00 712,243.53Unavailable Revenue 2410 0.00 0.00

Total Liabilities 0.00 7,803,850.90DEFERRED INFLOWS OF RESOURCESAccumulated Increase in Fair Value of Hedging Derivative 2610 0.00 0.00Total Deferred Inflows of Resources 0.00 0.00FUND BALANCESNonspendable:

Inventory 2711 0.00 2,843,348.92Prepaid Amounts 2712 0.00 0.00Permanent Fund Principal 2713 0.00 0.00Other Not in Spendable Form 2719 0.00 0.00

Total Nonspendable Fund Balance 2710 0.00 2,843,348.92Restricted for:

Economic Stabilization 2721 0.00 0.00Federal Required Carryover Programs 2722 0.00 0.00State Required Carryover Programs 2723 0.00 0.00Local Sales Tax and Other Tax Levy 2724 0.00 0.00Debt Service 2725 0.00 30,450,874.37Capital Projects 2726 0.00 143,663,955.56Restricted for _________________ 2729 0.00 0.00Restricted for _________________ 2729 0.00 18,349,878.66

Total Restricted Fund Balance 2720 0.00 192,464,708.59Committed to:

Economic Stabilization 2731 0.00 0.00Contractual Agreements 2732 0.00 0.00Committed for ________________ 2739 0.00 0.00Committed for ________________ 2739 0.00 0.00

Total Committed Fund Balance 2730 0.00 0.00Assigned to:

Special Revenue 2741 0.00 0.00Debt Service 2742 0.00 0.00Capital Projects 2743 0.00 0.00Permanent Funds 2744 0.00 0.00Assigned for __________________ 2749 0.00 0.00Assigned for __________________ 2749 0.00 10,776,470.30

Total Assigned Fund Balance 2740 0.00 10,776,470.30

Total Unassigned Fund Balance 2750 0.00 0.00Total Fund Balances 2700 0.00 206,084,527.81Total Liabilities, Deferred Inflows of Resources,

and Fund Balances 0.00 213,888,378.71


Exhibit F-2aPage 30

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCESNONMAJOR GOVERNMENTAL FUNDSFor the Fiscal Year Ended June 30, 2013

Food Miscellaneous Total NonmajorAccount Services Special Revenue Special RevenueNumber 410 490 Funds

REVENUESFederal Direct 3100 0.00 0.00 0.00Federal Through State and Local 3200 69,505,688.37 0.00 69,505,688.37State Sources 3300 1,186,450.00 0.00 1,186,450.00Local Sources:


3411, 3421, 3423 0.00 0.00 0.00


3412, 3421, 3423 0.00 0.00 0.00


3413, 3421, 3423 0.00 0.00 0.00

Local Sales Taxes 3418, 3419 0.00 0.00 0.00Charges for Service - Food Service 345X 12,592,160.81 0.00 12,592,160.81Impact Fees 3496 0.00 0.00 0.00Other Local Revenue (4,643.04) 6,621,840.26 6,617,197.22Total Local Sources 3400 12,587,517.77 6,621,840.26 19,209,358.03

Total Revenues 83,279,656.14 6,621,840.26 89,901,496.40EXPENDITURESCurrent:

Instruction 5000 0.00 631,113.47 631,113.47Student Personnel Services 6100 0.00 6,859.77 6,859.77Instructional Media Services 6200 0.00 1,918.96 1,918.96Instruction and Curriculum Development Services 6300 0.00 30,389.76 30,389.76Instructional Staff Training Services 6400 0.00 105,261.55 105,261.55Instructional-Related Technology 6500 0.00 17,047.28 17,047.28Board 7100 0.00 0.00 0.00General Administration 7200 0.00 5,659.95 5,659.95School Administration 7300 0.00 138,745.76 138,745.76Facilities Acquisition and Construction 7410 0.00 0.00 0.00Fiscal Services 7500 0.00 0.00 0.00Food Services 7600 79,288,989.35 0.00 79,288,989.35Central Services 7700 0.00 14,067.26 14,067.26Student Transportation Services 7800 0.00 15,918.66 15,918.66Operation of Plant 7900 0.00 78,728.27 78,728.27Maintenance of Plant 8100 0.00 6,247.93 6,247.93Administrative Technology Services 8200 0.00 0.00 0.00Community Services 9100 0.00 5,472,519.06 5,472,519.06

Debt Service: (Function 9200)Retirement of Principal 710 0.00 0.00 0.00Interest 720 0.00 0.00 0.00Dues and Fees 730 0.00 0.00 0.00Miscellaneous 790 0.00 0.00 0.00

Capital Outlay:Facilities Acquisition and Construction 7420 0.00 4,983.00 4,983.00Other Capital Outlay 9300 1,906,856.68 184,950.49 2,091,807.17

Total Expenditures 81,195,846.03 6,714,411.17 87,910,257.20Excess (Deficiency) of Revenues Over (Under) Expenditures 2,083,810.11 (92,570.91) 1,991,239.20OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00 0.00

Premium on Sale of Bonds 3791 0.00 0.00 0.00Discount on Sale of Bonds 891 0.00 0.00 0.00

Proceeds of Lease-Purchase Agreements 3750 0.00 0.00 0.00Premium on Lease-Purchase Agreements 3793 0.00 0.00 0.00Discount on Lease-Purchase Agreements 893 0.00 0.00 0.00

Loans 3720 0.00 0.00 0.00Sale of Capital Assets 3730 0.00 0.00 0.00Loss Recoveries 3740 0.00 0.00 0.00Proceeds of Forward Supply Contract 3760 0.00 0.00 0.00Proceeds from Special Facility Construction Account 3770 0.00 0.00 0.00Face Value of Refunding Bonds 3715 0.00 0.00 0.00

Premium on Refunding Bonds 3792 0.00 0.00 0.00Discount on Refunding Bonds 892 0.00 0.00 0.00

Refunding Lease-Purchase Agreements 3755 0.00 0.00 0.00Premium on Refunding Lease-Purchase Agreements 3794 0.00 0.00 0.00Discount on Refunding Lease-Purchase Agreements 894 0.00 0.00 0.00

Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00 0.00Transfers In 3600 0.00 0.00 0.00Transfers Out 9700 0.00 0.00 0.00Total Other Financing Sources (Uses) 0.00 0.00 0.00SPECIAL ITEMS__________________________________________ 0.00 0.00 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00 0.00 0.00Net Change in Fund Balances 2,083,810.11 (92,570.91) 1,991,239.20Fund Balances, July 1, 2012 2800 19,109,417.47 10,869,041.21 29,978,458.68Adjustment to Fund Balances 2891 0.00 0.00 0.00Fund Balances, June 30, 2013 2700 21,193,227.58 10,776,470.30 31,969,697.88

The accompanying notes to financial statements are an integral part of this statementESE 145

Special Revenue Funds

Exhibit F-2bPage 31

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (CONTINUED)NONMAJOR GOVERNMENTAL FUNDSFor the Fiscal Year Ended June 30, 2013

SBE/COBI Other Debt Total NonmajorAccount Bonds Service Debt ServiceNumber 210 290 Funds

REVENUESFederal Direct 3100 0.00 0.00 0.00Federal Through State and Local 3200 0.00 0.00 0.00State Sources 3300 4,915,417.44 0.00 4,915,417.44Local Sources:


3411, 3421, 3423 0.00 0.00 0.00


3412, 3421, 3423 0.00 0.00 0.00


3413, 3421, 3423 0.00 0.00 0.00

Local Sales Taxes 3418, 3419 0.00 0.00 0.00Charges for Service - Food Service 345X 0.00 0.00 0.00Impact Fees 3496 0.00 0.00 0.00Other Local Revenue 0.00 536,154.21 536,154.21Total Local Sources 3400 0.00 536,154.21 536,154.21

Total Revenues 4,915,417.44 536,154.21 5,451,571.65EXPENDITURESCurrent:

Instruction 5000 0.00 0.00 0.00Student Personnel Services 6100 0.00 0.00 0.00Instructional Media Services 6200 0.00 0.00 0.00Instruction and Curriculum Development Services 6300 0.00 0.00 0.00Instructional Staff Training Services 6400 0.00 0.00 0.00Instructional-Related Technology 6500 0.00 0.00 0.00Board 7100 0.00 0.00 0.00General Administration 7200 0.00 0.00 0.00School Administration 7300 0.00 0.00 0.00Facilities Acquisition and Construction 7410 0.00 0.00 0.00Fiscal Services 7500 0.00 0.00 0.00Food Services 7600 0.00 0.00 0.00Central Services 7700 0.00 0.00 0.00Student Transportation Services 7800 0.00 0.00 0.00Operation of Plant 7900 0.00 0.00 0.00Maintenance of Plant 8100 0.00 0.00 0.00Administrative Technology Services 8200 0.00 0.00 0.00Community Services 9100 0.00 0.00 0.00

Debt Service: (Function 9200)Retirement of Principal 710 3,795,000.00 25,597,238.11 29,392,238.11Interest 720 1,200,400.00 61,242,730.20 62,443,130.20Dues and Fees 730 55,509.44 870,557.76 926,067.20Miscellaneous 790 0.00 0.00 0.00

Capital Outlay:Facilities Acquisition and Construction 7420 0.00 0.00 0.00Other Capital Outlay 9300 0.00 0.00 0.00

Total Expenditures 5,050,909.44 87,710,526.07 92,761,435.51Excess (Deficiency) of Revenues Over (Under) Expenditures (135,492.00) (87,174,371.86) (87,309,863.86)OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00 0.00

Premium on Sale of Bonds 3791 0.00 0.00 0.00Discount on Sale of Bonds 891 0.00 0.00 0.00

Proceeds of Lease-Purchase Agreements 3750 0.00 0.00 0.00Premium on Lease-Purchase Agreements 3793 0.00 0.00 0.00Discount on Lease-Purchase Agreements 893 0.00 0.00 0.00

Loans 3720 0.00 0.00 0.00Sale of Capital Assets 3730 0.00 0.00 0.00Loss Recoveries 3740 0.00 0.00 0.00Proceeds of Forward Supply Contract 3760 0.00 0.00 0.00Proceeds from Special Facility Construction Account 3770 0.00 0.00 0.00Face Value of Refunding Bonds 3715 0.00 0.00 0.00

Premium on Refunding Bonds 3792 0.00 0.00 0.00Discount on Refunding Bonds 892 0.00 0.00 0.00

Refunding Lease-Purchase Agreements 3755 0.00 0.00 0.00Premium on Refunding Lease-Purchase Agreements 3794 0.00 0.00 0.00Discount on Refunding Lease-Purchase Agreements 894 0.00 0.00 0.00

Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00 0.00Transfers In 3600 0.00 104,683,349.73 104,683,349.73Transfers Out 9700 0.00 0.00 0.00Total Other Financing Sources (Uses) 0.00 104,683,349.73 104,683,349.73SPECIAL ITEMS__________________________________________ 0.00 0.00 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00 0.00 0.00Net Change in Fund Balances (135,492.00) 17,508,977.87 17,373,485.87Fund Balances, July 1, 2012 2800 715,584.51 12,361,803.99 13,077,388.50Adjustment to Fund Balances 2891 0.00 0.00 0.00Fund Balances, June 30, 2013 2700 580,092.51 29,870,781.86 30,450,874.37


Debt Service Funds

Exhibit F-2cPage 32


Public Education Capital Outlay Nonvoted Capital Total NonmajorCapital Outlay and Improvement Capital

Account (PECO) Debt Service Program Section 1011.71(2), F.S. ProjectsNumber 340 360 370 Funds

REVENUESFederal Direct 3100 0.00 0.00 0.00 0.00Federal Through State and Local 3200 0.00 0.00 0.00 0.00State Sources 3300 2,294,456.00 2,080,812.74 0.00 4,375,268.74Local Sources:


3411, 3421, 3423 0.00 0.00 0.00 0.00


3412, 3421, 3423 0.00 0.00 0.00 0.00


3413, 3421, 3423 0.00 0.00 124,764,969.85 124,764,969.85

Local Sales Taxes 3418, 3419 0.00 0.00 0.00 0.00Charges for Service - Food Service 345X 0.00 0.00 0.00 0.00Impact Fees 3496 0.00 0.00 0.00 0.00Other Local Revenue 17,008.36 (28,520.91) (84,584.79) (96,097.34)Total Local Sources 3400 17,008.36 (28,520.91) 124,680,385.06 124,668,872.51

Total Revenues 2,311,464.36 2,052,291.83 124,680,385.06 129,044,141.25EXPENDITURESCurrent:

Instruction 5000 0.00 0.00 0.00 0.00Student Personnel Services 6100 0.00 0.00 0.00 0.00Instructional Media Services 6200 0.00 0.00 0.00 0.00Instruction and Curriculum Development Services 6300 0.00 0.00 0.00 0.00Instructional Staff Training Services 6400 0.00 0.00 0.00 0.00Instructional-Related Technology 6500 0.00 0.00 0.00 0.00Board 7100 0.00 0.00 0.00 0.00General Administration 7200 0.00 0.00 0.00 0.00School Administration 7300 0.00 0.00 0.00 0.00Facilities Acquisition and Construction 7410 0.00 149,344.05 1,463,874.50 1,613,218.55Fiscal Services 7500 0.00 0.00 0.00 0.00Food Services 7600 0.00 0.00 0.00 0.00Central Services 7700 0.00 0.00 0.00 0.00Student Transportation Services 7800 0.00 0.00 0.00 0.00Operation of Plant 7900 0.00 0.00 0.00 0.00Maintenance of Plant 8100 0.00 0.00 0.00 0.00Administrative Technology Services 8200 0.00 0.00 0.00 0.00Community Services 9100 0.00 0.00 0.00 0.00

Debt Service: (Function 9200)Retirement of Principal 710 0.00 0.00 0.00 0.00Interest 720 0.00 0.00 0.00 0.00Dues and Fees 730 0.00 3,755.53 0.00 3,755.53Miscellaneous 790 0.00 0.00 0.00 0.00

Capital Outlay:Facilities Acquisition and Construction 7420 11,711.17 2,187,350.70 19,608,726.23 21,807,788.10Other Capital Outlay 9300 0.00 0.00 0.00 0.00

Total Expenditures 11,711.17 2,340,450.28 21,072,600.73 23,424,762.18Excess (Deficiency) of Revenues Over (Under) Expenditures 2,299,753.19 (288,158.45) 103,607,784.33 105,619,379.07OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00 0.00 0.00

Premium on Sale of Bonds 3791 0.00 0.00 0.00 0.00Discount on Sale of Bonds 891 0.00 0.00 0.00 0.00

Proceeds of Lease-Purchase Agreements 3750 0.00 0.00 0.00 0.00Premium on Lease-Purchase Agreements 3793 0.00 0.00 0.00 0.00Discount on Lease-Purchase Agreements 893 0.00 0.00 0.00 0.00

Loans 3720 0.00 0.00 0.00 0.00Sale of Capital Assets 3730 0.00 0.00 0.00 0.00Loss Recoveries 3740 0.00 0.00 0.00 0.00Proceeds of Forward Supply Contract 3760 0.00 0.00 0.00 0.00Proceeds from Special Facility Construction Account 3770 0.00 0.00 0.00 0.00Face Value of Refunding Bonds 3715 0.00 0.00 0.00 0.00

Premium on Refunding Bonds 3792 0.00 0.00 0.00 0.00Discount on Refunding Bonds 892 0.00 0.00 0.00 0.00

Refunding Lease-Purchase Agreements 3755 0.00 0.00 0.00 0.00Premium on Refunding Lease-Purchase Agreements 3794 0.00 0.00 0.00 0.00Discount on Refunding Lease-Purchase Agreements 894 0.00 0.00 0.00 0.00

Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00 0.00 0.00Transfers In 3600 0.00 0.00 0.00 0.00Transfers Out 9700 (2,294,456.00) 0.00 (111,498,135.87) (113,792,591.87)Total Other Financing Sources (Uses) (2,294,456.00) 0.00 (111,498,135.87) (113,792,591.87)SPECIAL ITEMS__________________________________________ 0.00 0.00 0.00 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00 0.00 0.00 0.00Net Change in Fund Balances 5,297.19 (288,158.45) (7,890,351.54) (8,173,212.80)Fund Balances, July 1, 2012 2800 0.00 6,377,140.81 145,460,027.55 151,837,168.36Adjustment to Fund Balances 2891 0.00 0.00 0.00 0.00Fund Balances, June 30, 2013 2700 5,297.19 6,088,982.36 137,569,676.01 143,663,955.56


Capital Projects Funds

Exhibit F-2dPage 33


TotalNonmajor

Account Permanent Fund GovernmentalNumber 000 Funds

REVENUESFederal Direct 3100 0.00 0.00Federal Through State and Local 3200 0.00 69,505,688.37State Sources 3300 0.00 10,477,136.18Local Sources:


3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 124,764,969.85

Local Sales Taxes 3418, 3419 0.00 0.00Charges for Service - Food Service 345X 0.00 12,592,160.81Impact Fees 3496 0.00 0.00Other Local Revenue 0.00 7,057,254.09Total Local Sources 3400 0.00 144,414,384.75

Total Revenues 0.00 224,397,209.30EXPENDITURESCurrent:

Instruction 5000 0.00 631,113.47Student Personnel Services 6100 0.00 6,859.77Instructional Media Services 6200 0.00 1,918.96Instruction and Curriculum Development Services 6300 0.00 30,389.76Instructional Staff Training Services 6400 0.00 105,261.55Instructional-Related Technology 6500 0.00 17,047.28Board 7100 0.00 0.00General Administration 7200 0.00 5,659.95School Administration 7300 0.00 138,745.76Facilities Acquisition and Construction 7410 0.00 1,613,218.55Fiscal Services 7500 0.00 0.00Food Services 7600 0.00 79,288,989.35Central Services 7700 0.00 14,067.26Student Transportation Services 7800 0.00 15,918.66Operation of Plant 7900 0.00 78,728.27Maintenance of Plant 8100 0.00 6,247.93Administrative Technology Services 8200 0.00 0.00Community Services 9100 0.00 5,472,519.06

Debt Service: (Function 9200)Retirement of Principal 710 0.00 29,392,238.11Interest 720 0.00 62,443,130.20Dues and Fees 730 0.00 929,822.73Miscellaneous 790 0.00 0.00

Capital Outlay:Facilities Acquisition and Construction 7420 0.00 21,812,771.10Other Capital Outlay 9300 0.00 2,091,807.17

Total Expenditures 0.00 204,096,454.89Excess (Deficiency) of Revenues Over (Under) Expenditures 0.00 20,300,754.41OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00






Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00Transfers In 3600 0.00 104,683,349.73Transfers Out 9700 0.00 (113,792,591.87)Total Other Financing Sources (Uses) 0.00 (9,109,242.14)SPECIAL ITEMS__________________________________________ 0.00 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00 0.00Net Change in Fund Balances 0.00 11,191,512.27Fund Balances, July 1, 2012 2800 0.00 194,893,015.54Adjustment to Fund Balances 2891 0.00 0.00Fund Balances, June 30, 2013 2700 0.00 206,084,527.81


Exhibit G-1Page 34a

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALSPECIAL REVENUE FUND - FOOD SERVICESFor the Fiscal Year Ended June 30, 2013


REVENUESFederal Direct 3100 0.00 0.00Federal Through State and Local 3200 65,607,929.00 68,207,929.00 69,505,688.37 1,297,759.37State Sources 3300 1,401,487.00 1,401,487.00 1,186,450.00 (215,037.00)Local Sources:


3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00

Local Sales Taxes 3418, 3419 0.00 0.00Charges for Service - Food Service 345X 13,026,613.00 13,026,613.00 12,592,160.81 (434,452.19)Impact Fees 3496 0.00 0.00Other Local Revenue 120,389.00 120,389.00 (4,643.04) (125,032.04)Total Local Sources 3400 13,147,002.00 13,147,002.00 12,587,517.77 (559,484.23)

Total Revenues 80,156,418.00 82,756,418.00 83,279,656.14 523,238.14EXPENDITURESCurrent:

Instruction 5000 0.00 0.00Student Personnel Services 6100 0.00 0.00Instructional Media Services 6200 0.00 0.00Instruction and Curriculum Development Services 6300 0.00 0.00Instructional Staff Training Services 6400 0.00 0.00Instructional-Related Technology 6500 0.00 0.00Board 7100 0.00 0.00General Administration 7200 0.00 0.00School Administration 7300 0.00 0.00Facilities Acquisition and Construction 7410 0.00 0.00Fiscal Services 7500 0.00 0.00Food Services 7600 78,710,149.00 79,403,292.32 79,288,989.35 114,302.97Central Services 7700 0.00 0.00Student Transportation Services 7800 0.00 0.00Operation of Plant 7900 0.00 0.00Maintenance of Plant 8100 0.00 0.00Administrative Technology Services 8200 0.00 0.00Community Services 9100 0.00 0.00


Capital Outlay:Facilities Acquisition and Construction 7420 0.00 0.00Other Capital Outlay 9300 1,906,856.68 1,906,856.68 0.00

Total Expenditures 78,710,149.00 81,310,149.00 81,195,846.03 114,302.97Excess (Deficiency) of Revenues Over (Under) Expenditures 1,446,269.00 1,446,269.00 2,083,810.11 637,541.11OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00






Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00Transfers In 3600 0.00 0.00Transfers Out 9700 0.00 0.00Total Other Financing Sources (Uses) 0.00 0.00 0.00 0.00SPECIAL ITEMS__________________________________________ 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00Net Change in Fund Balances 1,446,269.00 1,446,269.00 2,083,810.11 637,541.11Fund Balances, July 1, 2012 2800 18,472,724.00 18,472,724.00 19,109,417.47 636,693.47Adjustment to Fund Balances 2891 0.00Fund Balances, June 30, 2013 2700 19,918,993.00 19,918,993.00 21,193,227.58 1,274,234.58

ESE 145

Budgeted Amounts

Exhibit G-1Page 34b

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALSPECIAL REVENUE FUND - MISCELLANEOUS SPECIAL REVENUEFor the Fiscal Year Ended June 30, 2013


REVENUESFederal Direct 3100 0.00 0.00Federal Through State and Local 3200 0.00 0.00State Sources 3300 0.00 0.00Local Sources:


3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00

Local Sales Taxes 3418, 3419 0.00 0.00Charges for Service - Food Service 345X 0.00 0.00Impact Fees 3496 0.00 0.00Other Local Revenue 6,621,840.26 6,621,840.26 0.00Total Local Sources 3400 0.00 6,621,840.26 6,621,840.26 0.00


Instruction 5000 902,432.51 631,113.47 271,319.04Student Personnel Services 6100 12,799.00 6,859.77 5,939.23Instructional Media Services 6200 16,262.00 1,918.96 14,343.04Instruction and Curriculum Development Services 6300 61,032.00 30,389.76 30,642.24Instructional Staff Training Services 6400 184,420.00 105,261.55 79,158.45Instructional-Related Technology 6500 27,851.00 17,047.28 10,803.72Board 7100 0.00 0.00General Administration 7200 72,331.00 5,659.95 66,671.05School Administration 7300 229,115.00 138,745.76 90,369.24Facilities Acquisition and Construction 7410 3,292.00 0.00 3,292.00Fiscal Services 7500 0.00 0.00Food Services 7600 85,400.00 0.00 85,400.00Central Services 7700 22,899.00 14,067.26 8,831.74Student Transportation Services 7800 31,923.00 15,918.66 16,004.34Operation of Plant 7900 137,851.00 78,728.27 59,122.73Maintenance of Plant 8100 10,163.00 6,247.93 3,915.07Administrative Technology Services 8200 0.00 0.00Community Services 9100 10,824,634.00 5,472,519.06 5,352,114.94


Capital Outlay:Facilities Acquisition and Construction 7420 4,983.00 4,983.00 0.00Other Capital Outlay 9300 184,950.49 184,950.49 0.00

Total Expenditures 0.00 12,812,338.00 6,714,411.17 6,097,926.83Excess (Deficiency) of Revenues Over (Under) Expenditures 0.00 (6,190,497.74) (92,570.91) 6,097,926.83OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00






Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00Transfers In 3600 0.00 0.00Transfers Out 9700 0.00 0.00Total Other Financing Sources (Uses) 0.00 0.00 0.00 0.00SPECIAL ITEMS__________________________________________ 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00Net Change in Fund Balances 0.00 (6,190,497.74) (92,570.91) 6,097,926.83Fund Balances, July 1, 2012 2800 10,869,041.00 10,869,041.21 0.21Adjustment to Fund Balances 2891 0.00Fund Balances, June 30, 2013 2700 0.00 4,678,543.26 10,776,470.30 6,097,927.04

ESE 145

Budgeted Amounts

Exhibit G-2Page 35a

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALDEBT SERVICE FUND - SBE/COBI BONDSFor the Fiscal Year Ended June 30, 2013


REVENUESFederal Direct 3100 0.00 0.00Federal Through State and Local 3200 0.00 0.00State Sources 3300 4,995,400.00 4,995,400.00 4,915,417.44 (79,982.56)Local Sources:


3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00


Total Revenues 4,995,400.00 4,995,400.00 4,915,417.44 (79,982.56)EXPENDITURESCurrent:


Debt Service: (Function 9200)Retirement of Principal 710 3,795,000.00 3,795,000.00 3,795,000.00 0.00Interest 720 1,200,400.00 1,200,400.00 1,200,400.00 0.00Dues and Fees 730 55,509.44 55,509.44 0.00Miscellaneous 790 0.00 0.00


Total Expenditures 4,995,400.00 5,050,909.44 5,050,909.44 0.00Excess (Deficiency) of Revenues Over (Under) Expenditures 0.00 (55,509.44) (135,492.00) (79,982.56)OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00






Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00Transfers In 3600 0.00 0.00Transfers Out 9700 0.00 0.00Total Other Financing Sources (Uses) 0.00 0.00 0.00 0.00SPECIAL ITEMS__________________________________________ 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00Net Change in Fund Balances 0.00 (55,509.44) (135,492.00) (79,982.56)Fund Balances, July 1, 2012 2800 840,877.00 804,877.00 715,584.51 (89,292.49)Adjustment to Fund Balances 2891 0.00Fund Balances, June 30, 2013 2700 840,877.00 749,367.56 580,092.51 (169,275.05)

ESE 145

Budgeted Amounts

Exhibit G-2Page 35b

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALDEBT SERVICE FUND - OTHER DEBT SERVICEFor the Fiscal Year Ended June 30, 2013




3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00

Local Sales Taxes 3418, 3419 0.00 0.00Charges for Service - Food Service 345X 0.00 0.00Impact Fees 3496 0.00 0.00Other Local Revenue 536,154.21 536,154.21Total Local Sources 3400 0.00 0.00 536,154.21 536,154.21

Total Revenues 0.00 0.00 536,154.21 536,154.21EXPENDITURESCurrent:


Debt Service: (Function 9200)Retirement of Principal 710 44,892,306.00 44,480,992.71 25,597,238.11 18,883,754.60Interest 720 60,273,499.00 61,262,185.71 61,242,730.20 19,455.51Dues and Fees 730 2,386,500.00 880,188.92 870,557.76 9,631.16Miscellaneous 790 0.00 0.00


Total Expenditures 107,552,305.00 106,623,367.34 87,710,526.07 18,912,841.27Excess (Deficiency) of Revenues Over (Under) Expenditures (107,552,305.00) (106,623,367.34) (87,174,371.86) 19,448,995.48OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00






Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00Transfers In 3600 104,690,020.00 104,690,020.00 104,683,349.73 (6,670.27)Transfers Out 9700 0.00 0.00Total Other Financing Sources (Uses) 104,690,020.00 104,690,020.00 104,683,349.73 (6,670.27)SPECIAL ITEMS__________________________________________ 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00Net Change in Fund Balances (2,862,285.00) (1,933,347.34) 17,508,977.87 19,442,325.21Fund Balances, July 1, 2012 2800 110,629,196.00 110,629,196.00 12,361,803.99 (98,267,392.01)Adjustment to Fund Balances 2891 0.00Fund Balances, June 30, 2013 2700 107,766,911.00 108,695,848.66 29,870,781.86 (78,825,066.80)

ESE 145

Budgeted Amounts

Exhibit G-2Page 35c

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALDEBT SERVICE FUND - ARRA ECONOMIC STIMULUS DEBT SERVICEFor the Fiscal Year Ended June 30, 2013


REVENUESFederal Direct 3100 1,789,712.60 1,789,712.60 1,789,712.60 0.00Federal Through State and Local 3200 0.00 0.00State Sources 3300 0.00 0.00Local Sources:


3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00

Local Sales Taxes 3418, 3419 0.00 0.00Charges for Service - Food Service 345X 0.00 0.00Impact Fees 3496 0.00 0.00Other Local Revenue 62,227.22 62,227.22Total Local Sources 3400 0.00 0.00 62,227.22 62,227.22



Debt Service: (Function 9200)Retirement of Principal 710 0.00 0.00Interest 720 1,789,712.60 2,201,025.89 2,201,025.89 0.00Dues and Fees 730 50,801.64 50,801.64 0.00Miscellaneous 790 0.00 0.00


Total Expenditures 1,789,712.60 2,251,827.53 2,251,827.53 0.00Excess (Deficiency) of Revenues Over (Under) Expenditures 0.00 (462,114.93) (399,887.71) 62,227.22OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00






Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00Transfers In 3600 7,000.00 7,000.00Transfers Out 9700 0.00 0.00Total Other Financing Sources (Uses) 0.00 0.00 7,000.00 7,000.00SPECIAL ITEMS__________________________________________ 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00Net Change in Fund Balances 0.00 (462,114.93) (392,887.71) 69,227.22Fund Balances, July 1, 2012 2800 60,707,786.16 60,707,786.16Adjustment to Fund Balances 2891 0.00Fund Balances, June 30, 2013 2700 0.00 (462,114.93) 60,314,898.45 60,777,013.38

ESE 145

Budgeted Amounts

Exhibit G-3Page 36a

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALCAPITAL PROJECTS FUND - PUBLIC EDUCATION CAPITAL OUTLAYFor the Fiscal Year Ended June 30, 2013


REVENUESFederal Direct 3100 0.00 0.00Federal Through State and Local 3200 0.00 0.00State Sources 3300 2,294,456.00 2,294,456.00Local Sources:


3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00

Local Sales Taxes 3418, 3419 0.00 0.00Charges for Service - Food Service 345X 0.00 0.00Impact Fees 3496 0.00 0.00Other Local Revenue 20,000.00 17,008.36 (2,991.64)Total Local Sources 3400 0.00 20,000.00 17,008.36 (2,991.64)

Total Revenues 0.00 20,000.00 2,311,464.36 2,291,464.36EXPENDITURESCurrent:



Capital Outlay:Facilities Acquisition and Construction 7420 20,000.00 11,711.17 8,288.83Other Capital Outlay 9300 0.00 0.00

Total Expenditures 0.00 20,000.00 11,711.17 8,288.83Excess (Deficiency) of Revenues Over (Under) Expenditures 0.00 0.00 2,299,753.19 2,299,753.19OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00






Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00Transfers In 3600 0.00 0.00Transfers Out 9700 (2,294,456.00) (2,294,456.00)Total Other Financing Sources (Uses) 0.00 0.00 (2,294,456.00) (2,294,456.00)SPECIAL ITEMS__________________________________________ 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00Net Change in Fund Balances 0.00 0.00 5,297.19 5,297.19Fund Balances, July 1, 2012 2800 0.00 0.00Adjustment to Fund Balances 2891 0.00Fund Balances, June 30, 2013 2700 0.00 0.00 5,297.19 5,297.19

ESE 145

Budgeted Amounts

Exhibit G-3Page 36b

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALCAPITAL PROJECTS FUND - CAPITAL OUTLAY AND DEBT SERVICEFor the Fiscal Year Ended June 30, 2013


REVENUESFederal Direct 3100 0.00 0.00Federal Through State and Local 3200 0.00 0.00State Sources 3300 1,510,051.00 1,510,051.00 2,080,812.74 570,761.74Local Sources:


3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00

Local Sales Taxes 3418, 3419 0.00 0.00Charges for Service - Food Service 345X 0.00 0.00Impact Fees 3496 0.00 0.00Other Local Revenue (28,520.91) (28,520.91)Total Local Sources 3400 0.00 0.00 (28,520.91) (28,520.91)


Instruction 5000 0.00 0.00Student Personnel Services 6100 0.00 0.00Instructional Media Services 6200 0.00 0.00Instruction and Curriculum Development Services 6300 0.00 0.00Instructional Staff Training Services 6400 0.00 0.00Instructional-Related Technology 6500 0.00 0.00Board 7100 0.00 0.00General Administration 7200 0.00 0.00School Administration 7300 0.00 0.00Facilities Acquisition and Construction 7410 149,344.05 149,344.05 0.00Fiscal Services 7500 0.00 0.00Food Services 7600 0.00 0.00Central Services 7700 0.00 0.00Student Transportation Services 7800 0.00 0.00Operation of Plant 7900 0.00 0.00Maintenance of Plant 8100 0.00 0.00Administrative Technology Services 8200 0.00 0.00Community Services 9100 0.00 0.00

Debt Service: (Function 9200)Retirement of Principal 710 0.00 0.00Interest 720 0.00 0.00Dues and Fees 730 3,755.53 3,755.53 0.00Miscellaneous 790 0.00 0.00

Capital Outlay:Facilities Acquisition and Construction 7420 7,814,263.00 7,661,163.42 2,187,350.70 5,473,812.72Other Capital Outlay 9300 0.00 0.00

Total Expenditures 7,814,263.00 7,814,263.00 2,340,450.28 5,473,812.72Excess (Deficiency) of Revenues Over (Under) Expenditures (6,304,212.00) (6,304,212.00) (288,158.45) 6,016,053.55OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00






Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00Transfers In 3600 0.00 0.00Transfers Out 9700 0.00 0.00Total Other Financing Sources (Uses) 0.00 0.00 0.00 0.00SPECIAL ITEMS__________________________________________ 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00Net Change in Fund Balances (6,304,212.00) (6,304,212.00) (288,158.45) 6,016,053.55Fund Balances, July 1, 2012 2800 6,377,141.00 6,377,141.00 6,377,140.81 (0.19)Adjustment to Fund Balances 2891 0.00Fund Balances, June 30, 2013 2700 72,929.00 72,929.00 6,088,982.36 6,016,053.36

ESE 145

Budgeted Amounts

Exhibit G-3Page 36c

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALCAPITAL PROJECTS FUND - NONVOTED CAPITAL IMPROVEMENT DISTRICT SCHOOL TAXFor the Fiscal Year Ended June 30, 2013




3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 124,374,852.00 124,374,852.00 124,764,969.85 390,117.85

Local Sales Taxes 3418, 3419 0.00 0.00Charges for Service - Food Service 345X 0.00 0.00Impact Fees 3496 0.00 0.00Other Local Revenue (84,584.79) (84,584.79)Total Local Sources 3400 124,374,852.00 124,374,852.00 124,680,385.06 305,533.06


Instruction 5000 0.00 0.00Student Personnel Services 6100 0.00 0.00Instructional Media Services 6200 0.00 0.00Instruction and Curriculum Development Services 6300 0.00 0.00Instructional Staff Training Services 6400 0.00 0.00Instructional-Related Technology 6500 0.00 0.00Board 7100 0.00 0.00General Administration 7200 0.00 0.00School Administration 7300 0.00 0.00Facilities Acquisition and Construction 7410 1,463,874.50 1,463,874.50 0.00Fiscal Services 7500 0.00 0.00Food Services 7600 0.00 0.00Central Services 7700 0.00 0.00Student Transportation Services 7800 0.00 0.00Operation of Plant 7900 0.00 0.00Maintenance of Plant 8100 0.00 0.00Administrative Technology Services 8200 0.00 0.00Community Services 9100 0.00 0.00



Total Expenditures 49,347,806.00 49,347,806.00 21,072,600.73 28,275,205.27Excess (Deficiency) of Revenues Over (Under) Expenditures 75,027,046.00 75,027,046.00 103,607,784.33 28,580,738.33OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00






Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00Transfers In 3600 0.00 0.00Transfers Out 9700 (118,821,649.00) (118,821,649.00) (111,498,135.87) 7,323,513.13Total Other Financing Sources (Uses) (118,821,649.00) (118,821,649.00) (111,498,135.87) 7,323,513.13SPECIAL ITEMS__________________________________________ 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00Net Change in Fund Balances (43,794,603.00) (43,794,603.00) (7,890,351.54) 35,904,251.46Fund Balances, July 1, 2012 2800 145,460,028.00 145,460,028.00 145,460,027.55 (0.45)Adjustment to Fund Balances 2891 0.00Fund Balances, June 30, 2013 2700 101,665,425.00 101,665,425.00 137,569,676.01 35,904,251.01

ESE 145

Budgeted Amounts

Exhibit G-3Page 36d

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALCAPITAL PROJECTS FUND - OTHER CAPITAL PROJECTSFor the Fiscal Year Ended June 30, 2013




3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00

Local Sales Taxes 3418, 3419 173,557,241.00 173,557,241.00 181,301,579.35 7,744,338.35Charges for Service - Food Service 345X 0.00 0.00Impact Fees 3496 13,346,510.00 13,346,510.00 39,446,508.43 26,099,998.43Other Local Revenue 25,655.00 5,655.00 779,887.39 774,232.39Total Local Sources 3400 186,929,406.00 186,909,406.00 221,527,975.17 34,618,569.17

Total Revenues 186,929,406.00 186,909,406.00 221,527,975.17 34,618,569.17EXPENDITURESCurrent:

Instruction 5000 0.00 0.00Student Personnel Services 6100 0.00 0.00Instructional Media Services 6200 0.00 0.00Instruction and Curriculum Development Services 6300 0.00 0.00Instructional Staff Training Services 6400 0.00 0.00Instructional-Related Technology 6500 0.00 0.00Board 7100 0.00 0.00General Administration 7200 0.00 0.00School Administration 7300 0.00 0.00Facilities Acquisition and Construction 7410 16,130,518.63 16,130,518.63 0.00Fiscal Services 7500 0.00 0.00Food Services 7600 0.00 0.00Central Services 7700 0.00 0.00Student Transportation Services 7800 0.00 0.00Operation of Plant 7900 0.00 0.00Maintenance of Plant 8100 0.00 0.00Administrative Technology Services 8200 0.00 0.00Community Services 9100 0.00 0.00



Total Expenditures 411,610,424.00 376,490,850.22 119,431,273.14 257,059,577.08Excess (Deficiency) of Revenues Over (Under) Expenditures (224,681,018.00) (189,581,444.22) 102,096,702.03 291,678,146.25OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00



Loans 3720 0.00 0.00Sale of Capital Assets 3730 167,784.56 167,784.56Loss Recoveries 3740 0.00 0.00Proceeds of Forward Supply Contract 3760 0.00 0.00Proceeds from Special Facility Construction Account 3770 0.00 0.00Face Value of Refunding Bonds 3715 0.00 0.00



Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00Transfers In 3600 0.00 0.00Transfers Out 9700 (2,553,350.00) (2,553,350.00) (2,553,679.54) (329.54)Total Other Financing Sources (Uses) (2,553,350.00) (2,553,350.00) (2,385,894.98) 167,455.02SPECIAL ITEMS__________________________________________ 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00Net Change in Fund Balances (227,234,368.00) (192,134,794.22) 99,710,807.05 291,845,601.27Fund Balances, July 1, 2012 2800 797,443,737.00 764,046,381.38 763,587,167.89 (459,213.49)Adjustment to Fund Balances 2891 0.00Fund Balances, June 30, 2013 2700 570,209,369.00 571,911,587.16 863,297,974.94 291,386,387.78

ESE 145

Budgeted Amounts

Exhibit G-3Page 36e

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALCAPITAL PROJECTS FUND - ARRA ECONOMIC STIMULUS CAP. PROJ.For the Fiscal Year Ended June 30, 2013




3411, 3421, 3423 0.00 0.00


3412, 3421, 3423 0.00 0.00


3413, 3421, 3423 0.00 0.00

Local Sales Taxes 3418, 3419 0.00 0.00Charges for Service - Food Service 345X 0.00 0.00Impact Fees 3496 0.00 0.00Other Local Revenue (10,110.78) (10,110.78)Total Local Sources 3400 0.00 0.00 (10,110.78) (10,110.78)

Total Revenues 0.00 0.00 (10,110.78) (10,110.78)EXPENDITURESCurrent:

Instruction 5000 0.00 0.00Student Personnel Services 6100 0.00 0.00Instructional Media Services 6200 0.00 0.00Instruction and Curriculum Development Services 6300 0.00 0.00Instructional Staff Training Services 6400 0.00 0.00Instructional-Related Technology 6500 0.00 0.00Board 7100 0.00 0.00General Administration 7200 0.00 0.00School Administration 7300 0.00 0.00Facilities Acquisition and Construction 7410 45,417.65 45,417.65 0.00Fiscal Services 7500 0.00 0.00Food Services 7600 0.00 0.00Central Services 7700 0.00 0.00Student Transportation Services 7800 0.00 0.00Operation of Plant 7900 0.00 0.00Maintenance of Plant 8100 0.00 0.00Administrative Technology Services 8200 0.00 0.00Community Services 9100 0.00 0.00


Capital Outlay:Facilities Acquisition and Construction 7420 33,341,827.19 33,341,827.19 0.00Other Capital Outlay 9300 0.00 0.00

Total Expenditures 0.00 33,387,244.84 33,387,244.84 0.00Excess (Deficiency) of Revenues Over (Under) Expenditures 0.00 (33,387,244.84) (33,397,355.62) (10,110.78)OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00 0.00






Payments to Refunding Escrow Agent (Function 9299) 760 0.00 0.00Transfers In 3600 0.00 0.00Transfers Out 9700 0.00 0.00Total Other Financing Sources (Uses) 0.00 0.00 0.00 0.00SPECIAL ITEMS__________________________________________ 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00Net Change in Fund Balances 0.00 (33,387,244.84) (33,397,355.62) (10,110.78)Fund Balances, July 1, 2012 2800 33,397,355.62 33,397,355.62 0.00Adjustment to Fund Balances 2891 0.00Fund Balances, June 30, 2013 2700 0.00 10,110.78 0.00 (10,110.78)

ESE 145

Budgeted Amounts

Exhibit G-4Page 37

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUALPERMANENT FUNDFor the Fiscal Year Ended June 30, 2013


REVENUESFederal Direct 3100 0.00Federal Through State and Local 3200 0.00State Sources 3300 0.00Local Sources:


3411, 3421, 3423 0.00


3412, 3421, 3423 0.00


3413, 3421, 3423 0.00

Local Sales Taxes 3418, 3419 0.00Charges for Service - Food Service 345X 0.00Impact Fees 3496 0.00Other Local Revenue 0.00Total Local Sources 3400 0.00 0.00 0.00 0.00


Instruction 5000 0.00Student Personnel Services 6100 0.00Instructional Media Services 6200 0.00Instruction and Curriculum Development Services 6300 0.00Instructional Staff Training Services 6400 0.00Instructional-Related Technology 6500 0.00Board 7100 0.00General Administration 7200 0.00School Administration 7300 0.00Facilities Acquisition and Construction 7410 0.00Fiscal Services 7500 0.00Food Services 7600 0.00Central Services 7700 0.00Student Transportation Services 7800 0.00Operation of Plant 7900 0.00Maintenance of Plant 8100 0.00Administrative Technology Services 8200 0.00Community Services 9100 0.00

Debt Service: (Function 9200)Retirement of Principal 710 0.00Interest 720 0.00Dues and Fees 730 0.00Miscellaneous 790 0.00

Capital Outlay:Facilities Acquisition and Construction 7420 0.00Other Capital Outlay 9300 0.00

Total Expenditures 0.00 0.00 0.00 0.00Excess (Deficiency) of Revenues Over (Under) Expenditures 0.00 0.00 0.00 0.00OTHER FINANCING SOURCES (USES)Issuance of Bonds 3710 0.00

Premium on Sale of Bonds 3791 0.00Discount on Sale of Bonds 891 0.00

Proceeds of Lease-Purchase Agreements 3750 0.00Premium on Lease-Purchase Agreements 3793 0.00Discount on Lease-Purchase Agreements 893 0.00

Loans 3720 0.00Sale of Capital Assets 3730 0.00Loss Recoveries 3740 0.00Proceeds of Forward Supply Contract 3760 0.00Proceeds from Special Facility Construction Account 3770 0.00Face Value of Refunding Bonds 3715 0.00

Premium on Refunding Bonds 3792 0.00Discount on Refunding Bonds 892 0.00

Refunding Lease-Purchase Agreements 3755 0.00Premium on Refunding Lease-Purchase Agreements 3794 0.00Discount on Refunding Lease-Purchase Agreements 894 0.00

Payments to Refunding Escrow Agent (Function 9299) 760 0.00Transfers In 3600 0.00Transfers Out 9700 0.00Total Other Financing Sources (Uses) 0.00 0.00 0.00 0.00SPECIAL ITEMS__________________________________________ 0.00EXTRAORDINARY ITEMS__________________________________________ 0.00Net Change in Fund Balances 0.00 0.00 0.00 0.00Fund Balances, July 1, 2012 2800 0.00Adjustment to Fund Balances 2891 0.00Fund Balances, June 30, 2013 2700 0.00 0.00 0.00 0.00

ESE 145

Budgeted Amounts

Exhibit H-1Page 38

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF NET POSITIONNONMAJOR ENTERPRISE FUNDSJune 30, 2013

Account Self-Insurance Self-Insurance Self-Insurance Self-Insurance ARRA - Consortium Other Other Total NonmajorNumber 911 912 913 914 915 921 922 Enterprise Funds


Cash and Cash Equivalents 1110 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Investments 1160 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Accounts Receivable, Net 1130 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Interest Receivable on Investments 1170 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due from Reinsurer 1180 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Deposits Receivable 1210 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due From Budgetary Funds 1141 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due From Other Agencies 1220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Inventory 1150 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Prepaid Items 1230 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Noncurrent Assets:Cash with Fiscal/Service Agents 1114 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other Post-Employment Benefits Asset 1410 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Investments 1460 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Noncurrent Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Capital Assets:

Land 1310 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Land Improvements - Nondepreciable 1315 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Construction in Progress 1360 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Improvements Other Than Buildings 1320 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Accumulated Depreciation 1329 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Buildings and Fixed Equipment 1330 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Accumulated Depreciation 1339 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Furniture, Fixtures and Equipment 1340 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Accumulated Depreciation 1349 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Motor Vehicles 1350 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Accumulated Depreciation 1359 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Property Under Capital Lease 1370 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Accumulated Depreciation 1379 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Computer Software 1382 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Accumulated Amortization 1389 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other Capital Assets, Net of Accumulated Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Capital Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00DEFERRED OUTFLOWS OF RESOURCESAccumulated Decrease in Fair Value of Hedging Derivatives 1910 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Deferred Outflows of Resources 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00LIABILITIES Current Liabilities:

Accrued Salaries and Benefits 2110 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Payroll Deductions and Withholdings 2170 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Accounts Payable 2120 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Judgments Payable 2130 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Sales Tax Payable 2260 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Accrued Interest Payable 2210 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Deposits Payable 2220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due to Budgetary Funds 2161 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due to Other Agencies 2230 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Deferred Revenues 2410 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Estimated Unpaid Claims - Self-Insurance Program 2271 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Estimated Liability for Claims Adjustment 2272 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Long-Term Liabilities:Portion Due Within One Year:Obligations Under Capital Leases 2315 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Liability for Compensated Absences 2330 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Estimated Liability for Long-Term Claims 2350 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other Post-Employment Benefits Liability 2360 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due Within One Year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Portion Due After One Year:Obligations Under Capital Leases 2315 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Liability for Compensated Absences 2330 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Estimated Liability for Long-Term Claims 2350 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other Post-Employment Benefits Liability 2360 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due In More Than One Year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Long-Term Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00DEFERRED INFLOWS OF RESOURCESAccumulated Increase in Fair Value of Hedging Derivatives 2610 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Deferred Inflows of Resources 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00NET POSITIONNet Investment in Capital Assets 2770 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Restricted for ____________________ 2780 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Unrestricted 2790 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Net Position 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00


Exhibit H-2Page 39

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITIONNONMAJOR ENTERPRISE FUNDSFor the Fiscal Year Ended June 30, 2013

Account Self-Insurance Self-Insurance Self-Insurance Self-Insurance ARRA - Consortium Other Other Total NonmajorNumber 911 912 913 914 915 921 922 Enterprise Funds

OPERATING REVENUESCharges for Services 3481 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Charges for Sales 3482 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Premium Revenue 3484 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other Operating Revenues 3489 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Operating Revenues 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00OPERATING EXPENSESSalaries 100 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Employee Benefits 200 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Purchased Services 300 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Energy Services 400 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Materials and Supplies 500 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Capital Outlay 600 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other 700 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Depreciation and Amortization Expense 780 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Operating Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Operating Income (Loss) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00NONOPERATING REVENUES (EXPENSES)Investment Income 3430 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Gifts, Grants and Bequests 3440 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other Miscellaneous Local Sources 3495 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Loss Recoveries 3740 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Gain on Disposition of Assets 3780 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Interest 720 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Miscellaneous 790 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Loss on Disposition of Assets 810 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Nonoperating Revenues (Expenses) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Income (Loss) Before Operating Transfers 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Transfers In 3600 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Transfers Out 9700 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00SPECIAL ITEMS___________________________________________ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00EXTRAORDINARY ITEMS___________________________________________ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Change In Net Position 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net Position - July 1, 2012 2880 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Adjustment to Net Position 2896 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net Position - June 30, 2013 2780 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00


Exhibit H-3Page 40

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF CASH FLOWSNONMAJOR ENTERPRISE FUNDSFor the Fiscal Year Ended June 30, 2013

Self-Insurance Self-Insurance Self-Insurance Self-Insurance ARRA - Consortium Other Other Total Nonmajor911 912 913 914 915 921 922 Enterprise Funds

CASH FLOWS FROM OPERATING ACTIVITIESReceipts from customers and users 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Receipts from interfund services provided 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Payments to suppliers 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Payments to employees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Payments for interfund services used 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other receipts (payments) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net cash provided (used) by operating activities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIESSubsidies from operating grants 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Transfers from other funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Transfers to other funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net cash provided (used) by noncapital financing activities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00CASH FLOWS FROM CAPITAL AND RELATEDFINANCING ACTIVITIESProceeds from capital debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Capital contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Proceeds from disposition of capital assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Acquisition and construction of capital asset 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Principal paid on capital deb 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Interest paid on capital debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net cash provided (used) by capital and related financing activities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00CASH FLOWS FROM INVESTING ACTIVITIESProceeds from sales and maturities of investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Interest and dividends received 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Purchase of investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net cash provided (used) by investing activities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net increase (decrease) in cash and cash equivalents 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Cash and cash equivalents - July 1, 2012 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Cash and cash equivalents - June 30, 2013 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Reconciliation of operating income (loss) to net cash provided (used) by operating activities:Operating income (loss) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Adjustments to reconcile operating income (loss) to net cashprovided (used) by operating activities:

Depreciation/Amortization expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Commodities used from USDA program 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Change in assets and liabilities:

(Increase) decrease in accounts receivable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(Increase) decrease in interest receivable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(Increase) decrease in due from reinsurer 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(Increase) decrease in deposits receivable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(Increase) decrease in due from other funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(Increase) decrease in due from other agencies 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(Increase) decrease in inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(Increase) decrease in prepaid items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in salaries and benefits payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in payroll tax liabilitie 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in accounts payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in judgments payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in sales tax payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in accrued interest payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in deposits payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in due to other funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in due to other agencies 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in advanced/deferred revenue 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in estimated unpaid claims - Self-Insurance Program 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in estimated liability for claims adjustmen 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total adjustments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net cash provided (used) by operating activities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Noncash investing, capital, and financing activities:Borrowing under capital lease 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Contributions of capital assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Purchase of equipment on account 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Capital asset trade-ins 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net Increase/(Decrease) in the fair value of investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Commodities received through USDA program 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00


Exhibit H-4Page 41

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF NET POSITIONINTERNAL SERVICE FUNDSJune 30, 2013

Account Self-Insurance Self-Insurance Self-Insurance Self-Insurance Self-Insurance Consortium Programs Other Internal Service Total InternalNumber 711 712 713 714 716 731 791 Service Funds


Cash and Cash Equivalents 1110 0.00 0.00 0.00 0.00 10,000,000.00 0.00 0.00 10,000,000.00Investments 1160 0.00 0.00 36,626,326.63 0.00 79,814,750.85 0.00 265,927.33 116,707,004.81Accounts Receivable, Net 1130 0.00 0.00 0.00 0.00 1,218,438.01 0.00 31,154.00 1,249,592.01Interest Receivable on Investments 1170 0.00 0.00 0.00 0.00 1,962.05 0.00 0.00 1,962.05Due from Reinsurer 1180 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Deposits Receivable 1210 0.00 0.00 5,000.00 0.00 0.00 0.00 0.00 5,000.00Due From Budgetary Funds 1141 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due From Other Agencies 1220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Inventory 1150 0.00 0.00 0.00 0.00 0.00 0.00 35,379.00 35,379.00Prepaid Items 1230 0.00 0.00 0.00 0.00 50,000.00 0.00 0.00 50,000.00Total Current Assets 0.00 0.00 36,631,326.63 0.00 91,085,150.91 0.00 332,460.33 128,048,937.87

Noncurrent Assets:Cash with Fiscal/Service Agent 1114 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other Post-Employment Benefits Asset 1410 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Investments 1460 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Noncurrent Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Capital Assets:

Land 1310 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Land Improvements - Nondepreciable 1315 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Construction in Progress 1360 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Improvements Other Than Buildings 1320 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Accumulated Depreciation 1329 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Buildings and Fixed Equipment 1330 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Accumulated Depreciation 1339 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Furniture, Fixtures and Equipment 1340 0.00 0.00 0.00 0.00 0.00 0.00 167,005.49 167,005.49

Accumulated Depreciation 1349 0.00 0.00 0.00 0.00 0.00 0.00 (141,528.74) (141,528.74)Motor Vehicles 1350 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Accumulated Depreciation 1359 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Property Under Capital Lease 1370 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Accumulated Depreciation 1379 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Computer Software 1382 0.00 0.00 0.00 0.00 0.00 0.00 1,100.00 1,100.00

Accumulated Amortization 1389 0.00 0.00 0.00 0.00 0.00 0.00 (1,100.00) (1,100.00)Other Capital Assets, Net of Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 25,476.75 25,476.75

Total Capital Assets 0.00 0.00 0.00 0.00 0.00 0.00 25,476.75 25,476.75Total Assets 0.00 0.00 36,631,326.63 0.00 91,085,150.91 0.00 357,937.08 128,074,414.62DEFERRED OUTFLOWS OF RESOURCESAccumulated Decrease in Fair Value of Hedging Derivatives 1910 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Deferred Outflows of Resources 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00LIABILITIES Current Liabilities:

Accrued Salaries and Benefits 2110 0.00 0.00 0.00 0.00 3,916.25 0.00 11,747.80 15,664.05Payroll Deductions and Withholdings 2170 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Accounts Payable 2120 0.00 0.00 7,054.24 0.00 1,497,946.47 0.00 22,676.74 1,527,677.45Judgments Payable 2130 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Sales Tax Payable 2260 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Accrued Interest Payable 2210 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Deposits Payable 2220 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due to Budgetary Funds 2161 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due to Other Agencies 2230 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Deferred Revenues 2410 0.00 0.00 0.00 0.00 39,242,928.00 0.00 0.00 39,242,928.00Estimated Unpaid Claims - Self-Insurance Program 2271 0.00 0.00 5,591,180.00 0.00 12,500,000.00 0.00 0.00 18,091,180.00Estimated Liability for Claims Adjustment 2272 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Current Liabilities 0.00 0.00 5,598,234.24 0.00 53,244,790.72 0.00 34,424.54 58,877,449.50

Long-Term Liabilities:Portion Due Within One Year:Obligations Under Capital Leases 2315 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Liability for Compensated Absences 2330 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Estimated Liability for Long-Term Claims 2350 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other Post-Employment Benefits Liability 2360 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due Within One Year 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Portion Due After One Year:

Obligations Under Capital Leases 2315 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Liability for Compensated Absences 2330 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Estimated Liability for Long-Term Claims 2350 0.00 0.00 6,676,623.00 0.00 0.00 0.00 0.00 6,676,623.00Other Post-Employment Benefits Liability 2360 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Due In More Than One Year 0.00 0.00 6,676,623.00 0.00 0.00 0.00 0.00 6,676,623.00Total Long-Term Liabilities 0.00 0.00 6,676,623.00 0.00 0.00 0.00 0.00 6,676,623.00

Total Liabilities 0.00 0.00 12,274,857.24 0.00 53,244,790.72 0.00 34,424.54 65,554,072.50DEFERRED INFLOWS OF RESOURCESAccumulated Increase in Fair Value of Hedging Derivatives 2610 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Deferred Inflows of Resources 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00NET POSITIONNet Investment in Capital Assets 2770 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Restricted for ____________________ 2780 0.00 0.00 0.00 0.00 0.00 0.00 25,476.75 25,476.75Unrestricted 2790 0.00 0.00 24,356,469.39 0.00 37,840,360.19 0.00 298,035.79 62,494,865.37Total Net Position 0.00 0.00 24,356,469.39 0.00 37,840,360.19 0.00 323,512.54 62,520,342.12


Exhibit H-5Page 42

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITIONINTERNAL SERVICE FUNDSFor the Fiscal Year Ended June 30, 2013

Account Self-Insurance Self-Insurance Self-Insurance Self-Insurance Self-Insurance Consortium Programs Other Internal Service Total InternalNumber 711 712 713 714 716 731 791 Service Funds

OPERATING REVENUESCharges for Services 3481 0.00 0.00 0.00 0.00 0.00 0.00 5,220,871.38 5,220,871.38Charges for Sales 3482 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Premium Revenue 3484 0.00 0.00 7,005,836.63 0.00 169,651,064.21 0.00 0.00 176,656,900.84Other Operating Revenues 3489 0.00 0.00 137,471.52 0.00 876,089.02 0.00 0.00 1,013,560.54Total Operating Revenues 0.00 0.00 7,143,308.15 0.00 170,527,153.23 0.00 5,220,871.38 182,891,332.76OPERATING EXPENSESSalaries 100 0.00 0.00 0.00 0.00 260,054.63 0.00 435,659.19 695,713.82Employee Benefits 200 0.00 0.00 0.00 0.00 75,820.65 0.00 151,914.04 227,734.69Purchased Services 300 0.00 0.00 11,909.24 0.00 9,273,853.35 0.00 3,966,119.02 13,251,881.61Energy Services 400 0.00 0.00 0.00 0.00 0.00 0.00 82,500.00 82,500.00Materials and Supplies 500 0.00 0.00 0.00 0.00 0.00 0.00 491,565.88 491,565.88Capital Outlay 600 0.00 0.00 0.00 0.00 0.00 0.00 3,239.03 3,239.03Other 700 0.00 0.00 5,935,945.73 0.00 155,851,464.12 0.00 9,127.46 161,796,537.31Depreciation/Amortization Expense 780 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Operating Expenses 0.00 0.00 5,947,854.97 0.00 165,461,192.75 0.00 5,140,124.62 176,549,172.34Operating Income (Loss) 0.00 0.00 1,195,453.18 0.00 5,065,960.48 0.00 80,746.76 6,342,160.42NONOPERATING REVENUES (EXPENSES)Investment Income 3430 0.00 0.00 (64,617.57) 0.00 (264,327.81) 0.00 721.13 (328,224.25)Gifts, Grants, and Bequests 3440 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other Miscellaneous Local Sources 3495 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Loss Recoveries 3740 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Gain on Disposition of Assets 3780 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Interest 720 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Miscellaneous 790 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Loss on Disposition of Assets 810 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Nonoperating Revenues (Expenses) 0.00 0.00 (64,617.57) 0.00 (264,327.81) 0.00 721.13 (328,224.25)Income (Loss) Before Operating Transfers 0.00 0.00 1,130,835.61 0.00 4,801,632.67 0.00 81,467.89 6,013,936.17Transfers In 3600 0.00 0.00 0.00 0.00 6,670,000.00 0.00 0.00 6,670,000.00Transfers Out 9700 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00SPECIAL ITEMS___________________________________________ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00EXTRAORDINARY ITEMS___________________________________________ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Change In Net Position 0.00 0.00 1,130,835.61 0.00 11,471,632.67 0.00 81,467.89 12,683,936.17Net Position - July 1, 2012 2880 0.00 0.00 23,225,633.78 0.00 26,368,727.52 0.00 242,044.65 49,836,405.95Adjustment to Net Position 2896 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net Position - June 30, 2013 2780 0.00 0.00 24,356,469.39 0.00 37,840,360.19 0.00 323,512.54 62,520,342.12


Exhibit H-6Page 43

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF CASH FLOWSINTERNAL SERVICE FUNDSFor the Fiscal Year Ended June 30, 2013

Self-Insurance Self-Insurance Self-Insurance Self-Insurance Self-Insurance Consortium Programs Other Internal Service Total Internal711 712 713 714 716 731 791 Service Funds

CASH FLOWS FROM OPERATING ACTIVITIESReceipts from customers and users 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Receipts from interfund services provided 0.00 0.00 7,005,836.63 0.00 169,659,752.16 0.00 5,196,156.38 181,861,745.17Payments to suppliers 0.00 0.00 (6,053,027.70) 0.00 (161,112,685.91) 0.00 (4,565,762.59) (171,731,476.20)Payments to employees 0.00 0.00 0.00 0.00 (331,959.03) 0.00 (587,275.21) (919,234.24)Payments for interfund services used 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Other receipts (payments) 0.00 0.00 137,471.52 0.00 876,089.02 0.00 0.00 1,013,560.54Net cash provided (used) by operating activities 0.00 0.00 1,090,280.45 0.00 9,091,196.24 0.00 43,118.58 10,224,595.27CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIESSubsidies from operating grants 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Transfers from other funds 0.00 0.00 0.00 0.00 6,670,000.00 0.00 0.00 6,670,000.00Transfers to other funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net cash provided (used) by noncapital financing activities 0.00 0.00 0.00 0.00 6,670,000.00 0.00 0.00 6,670,000.00CASH FLOWS FROM CAPITAL AND RELATEDFINANCING ACTIVITIESProceeds from capital debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Capital contributions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Proceeds from disposition of capital assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Acquisition and construction of capital asset 0.00 0.00 0.00 0.00 0.00 0.00 (10,076.00) (10,076.00)Principal paid on capital deb 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Interest paid on capital debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net cash provided (used) by capital and related financing activities 0.00 0.00 0.00 0.00 0.00 0.00 (10,076.00) (10,076.00)CASH FLOWS FROM INVESTING ACTIVITIESProceeds from sales and maturities of investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Interest and dividends received 0.00 0.00 (64,617.57) 0.00 (222,094.37) 0.00 721.13 (285,990.81)Purchase of investments 0.00 0.00 (1,025,662.88) 0.00 (10,539,101.87) 0.00 (33,763.71) (11,598,528.46)Net cash provided (used) by investing activities 0.00 0.00 (1,090,280.45) 0.00 (10,761,196.24) 0.00 (33,042.58) (11,884,519.27)Net increase (decrease) in cash and cash equivalents 0.00 0.00 (0.00) 0.00 5,000,000.00 0.00 0.00 5,000,000.00Cash and cash equivalents - July 1, 2012 0.00 0.00 0.00 0.00 5,000,000.00 0.00 0.00 5,000,000.00Cash and cash equivalents - June 30, 2013 0.00 0.00 (0.00) 0.00 10,000,000.00 0.00 0.00 10,000,000.00Reconciliation of operating income (loss) to net cash provided (used) by operating activities:Operating income (loss) 0.00 0.00 1,195,453.18 0.00 5,065,960.48 0.00 80,746.76 6,342,160.42Adjustments to reconcile operating income (loss) to net cashprovided (used) by operating activities:

Depreciation/Amortization expense 0.00 0.00 0.00 0.00 0.00 0.00 9,127.46 9,127.46Commodities used from USDA program 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Change in assets and liabilities:

(Increase) decrease in accounts receivable 0.00 0.00 0.00 0.00 8,687.95 0.00 (24,715.00) (16,027.05)(Increase) decrease in interest receivable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(Increase) decrease in due from reinsurer 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(Increase) decrease in deposits receivable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(Increase) decrease in due from other funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(Increase) decrease in due from other agencies 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(Increase) decrease in inventory 0.00 0.00 0.00 0.00 0.00 0.00 (17,948.00) (17,948.00)(Increase) decrease in prepaid items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in salaries and benefits payable 0.00 0.00 0.00 0.00 3,916.25 0.00 298.02 4,214.27Increase (decrease) in payroll tax liabilitie 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in accounts payable 0.00 0.00 (382.73) 0.00 (600,165.44) 0.00 (4,390.66) (604,938.83)Increase (decrease) in judgments payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in sales tax payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in accrued interest payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in deposits payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in due to other funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in due to other agencies 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Increase (decrease) in advanced/deferred revenue 0.00 0.00 0.00 0.00 2,612,797.00 0.00 0.00 2,612,797.00Increase (decrease) in estimated unpaid claims - Self-Insurance Program 0.00 0.00 (104,790.00) 0.00 2,000,000.00 0.00 0.00 1,895,210.00Increase (decrease) in estimated liability for claims adjustmen 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total adjustments 0.00 0.00 (105,172.73) 0.00 4,025,235.76 0.00 (37,628.18) 3,882,434.85Net cash provided (used) by operating activities 0.00 0.00 1,090,280.45 0.00 9,091,196.24 0.00 43,118.58 10,224,595.27Noncash investing, capital, and financing activities:Borrowing under capital lease 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Contributions of capital assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Purchase of equipment on account 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Capital asset trade-ins 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net Increase/(Decrease) in the fair value of investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Commodities received through USDA program 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00


Exhibit I-1Page 44

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITIONINVESTMENT TRUST FUNDSJune 30, 2013

Investment Trust Investment Trust Investment Trust TotalAccount Fund Name Fund Name Fund Name InvestmentNumber 84X 84X 84X Trust Funds

ASSETS Cash and Cash Equivalents 1110 0.00 0.00 0.00 0.00Investments 1160 0.00 0.00 0.00 0.00Accounts Receivable, Net 1130 0.00 0.00 0.00 0.00Interest Receivable on Investments 1170 0.00 0.00 0.00 0.00Due From Budgetary Funds 1141 0.00 0.00 0.00 0.00Inventory 1150Due From Other Agencies 1220 0.00 0.00 0.00 0.00Total Assets 0.00 0.00 0.00 0.00DEFERRED OUTFLOWS OF RESOURCESAccumulated Decrease in Fair Value of Hedging Derivatives 1910 0.00 0.00 0.00 0.00Total Deferred Outflows of Resources 0.00 0.00 0.00 0.00LIABILITIES Accrued Salaries and Benefits 2110 0.00 0.00 0.00 0.00Payroll Deductions and Withholdings 2170 0.00 0.00 0.00 0.00Accounts Payable 2120 0.00 0.00 0.00 0.00Due to Other Agencies 2230 0.00 0.00 0.00 0.00Due to Budgetary Funds 2161 0.00 0.00 0.00 0.00Internal Accounts Payable 2290 0.00 0.00 0.00 0.00Total Liabilities 0.00 0.00 0.00 0.00DEFERRED INFLOWS OF RESOURCESAccumulated Increase in Fair Value of Hedging Derivatives 2610 0.00 0.00 0.00 0.00Total Deferred Inflows of Resources 0.00 0.00 0.00 0.00NET POSITIONHeld in Trust for Pension Benefits 0.00 0.00 0.00 0.00Held in Trust for Scholarships and Other Purposes 0.00 0.00 0.00 0.00Total Net Position 0.00 0.00 0.00 0.00


Exhibit I-2Page 45

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF CHANGES IN NET POSITIONINVESTMENT TRUST FUNDSFor the Fiscal Year Ended June 30, 2013

Investment Trust Investment Trust Investment Trust TotalAccount Fund Name Fund Name Fund Name InvestmentNumber 84X 84X 84X Trust Funds


Employer 0.00 0.00 0.00 0.00Plan Members 0.00 0.00 0.00 0.00Gifts, Grants, and Bequests 3440 0.00 0.00 0.00 0.00

Investment Earnings:Interest on Investments 3431 0.00 0.00 0.00 0.00Gain on Sale of Investments 3432 0.00 0.00 0.00 0.00Net Increase (Decrease) in the Fair Value of Investments 3433 0.00 0.00 0.00 0.00Total Investment Earnings 0.00 0.00 0.00 0.00 Less Investment Expense 0.00 0.00 0.00 0.00 Net Investment Earnings 0.00 0.00 0.00 0.00

Total Additions 0.00 0.00 0.00 0.00DEDUCTIONSSalaries 100 0.00 0.00 0.00 0.00Employee Benefits 200 0.00 0.00 0.00 0.00Purchased Services 300 0.00 0.00 0.00 0.00Other 700 0.00 0.00 0.00 0.00Refunds of Contributions 0.00 0.00 0.00 0.00Administrative Expenses 0.00 0.00 0.00 0.00Total Deductions 0.00 0.00 0.00 0.00Change In Net Position 0.00 0.00 0.00 0.00Net Position - July 1, 2012 2885 0.00 0.00 0.00 0.00Net Position - June 30, 2013 2785 0.00 0.00 0.00 0.00


Exhibit I-3Page 46

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITIONPRIVATE-PURPOSE TRUST FUNDSJune 30, 2013

Private-Purpose Private-Purpose Private-Purpose TotalAccount Trust Fund Name Trust Fund Name Trust Fund Name Private-PurposeNumber 85X 85X 85X Trust Funds



Exhibit I-4Page 47

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF CHANGES IN NET POSITIONPRIVATE-PURPOSE TRUST FUNDSFor the Fiscal Year Ended June 30, 2013

Private-Purpose Private-Purpose Private-Purpose TotalAccount Trust Fund Name Trust Fund Name Trust Fund Name Private-PurposeNumber 85X 85X 85X Trust Funds






Exhibit I-5Page 48

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF FIDUCIARY NET POSITIONPENSION TRUST FUNDSJune 30, 2013

Pension Trust Pension Trust Pension Trust TotalAccount Fund Name Fund Name Fund Name Pension TrustNumber 87X 87X 87X Funds



Exhibit I-6Page 49

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF CHANGES IN NET POSITIONPENSION TRUST FUNDSFor the Fiscal Year Ended June 30, 2013

Pension Trust Pension Trust Pension Trust TotalAccount Fund Name Fund Name Fund Name Pension TrustNumber 87X 87X 87X Funds






Exhibit I-7Page 50

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF FIDUCIARY ASSETS AND LIABILITIESAGENCY FUNDSJune 30, 2013

School Internal Agency Agency TotalAccount Funds Fund Name Fund Name AgencyNumber 891 89X 89X Funds

ASSETS Cash and Cash Equivalents 1110 10,394,358.00 0.00 0.00 10,394,358.00Investments 1160 4,529,902.00 0.00 0.00 4,529,902.00Accounts Receivable, Net 1130 122,481.00 0.00 0.00 122,481.00Interest Receivable on Investments 1170 0.00 0.00 0.00 0.00Due From Budgetary Funds 1141 0.00 0.00 0.00 0.00Inventory 1150 347,632.00 0.00 0.00 347,632.00Due From Other Agencies 1220 0.00 0.00 0.00 0.00Total Assets 15,394,373.00 0.00 0.00 15,394,373.00LIABILITIES Accrued Salaries and Benefits 2110 0.00 0.00 0.00 0.00Payroll Deductions and Withholdings 2170 0.00 0.00 0.00 0.00Accounts Payable 2120 404,430.00 0.00 0.00 404,430.00Due to Other Agencies 2230Due to Budgetary Funds 2161 0.00 0.00 0.00 0.00Internal Accounts Payable 2290 14,989,943.00 0.00 0.00 14,989,943.00Total Liabilities 15,394,373.00 0.00 0.00 15,394,373.00


Exhibit I-8aPage 51

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIESSCHOOL INTERNAL FUNDS 891June 30, 2013

Account Balance Balance Number July 1, 2012 Additions Deductions June 30, 2013ASSETS Cash and Cash Equivalents 1110 12,192,045.00 42,357,487.00 44,155,174.00 10,394,358.00Investments 1160 2,879,172.00 1,650,730.00 0.00 4,529,902.00Accounts Receivable, Net 1130 362,359.00 0.00 239,878.00 122,481.00Interest Receivable on Investments 1170 0.00 0.00 0.00 0.00Due From Other Funds:

Budgetary Funds 1141 0.00 0.00 0.00 0.00Inventory 1150 507,778.00 0.00 160,146.00 347,632.00Due From Other Agencies 1220 0.00 0.00 0.00 0.00Total Assets 15,941,354.00 44,008,217.00 44,555,198.00 15,394,373.00LIABILITIESAccrued Salaries and Benefits 2110 0.00 0.00 0.00 0.00Payroll Deductions and Withholdings 2170 0.00 0.00 0.00 0.00Accounts Payable 2120 1,023,249.00 0.00 618,819.00 404,430.00Due to Budgetary Funds 2161 0.00 0.00 0.00 0.00Internal Accounts Payable 2290 14,918,105.00 44,008,217.00 43,936,379.00 14,989,943.00Total Liabilities 15,941,354.00 44,008,217.00 44,555,198.00 15,394,373.00


Exhibit I-8bPage 52

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES (CONTINUED)Agency Fund NameJune 30, 2013

Account Balance Balance Number July 1, 2012 Additions Deductions June 30, 2013ASSETS Cash and Cash Equivalents 1110 0.00 0.00 0.00 0.00Investments 1160 0.00 0.00 0.00 0.00Accounts Receivable, Net 1130 0.00 0.00 0.00 0.00Interest Receivable on Investments 1170 0.00 0.00 0.00 0.00Due From Other Funds:

Budgetary Funds 1141 0.00 0.00 0.00 0.00Inventory 1150 0.00 0.00 0.00 0.00Due From Other Agencies 1220 0.00 0.00 0.00 0.00Total Assets 0.00 0.00 0.00 0.00LIABILITIESAccrued Salaries and Benefits 2110 0.00 0.00 0.00 0.00Payroll Deductions and Withholdings 2170 0.00 0.00 0.00 0.00Accounts Payable 2120 0.00 0.00 0.00 0.00Due to Budgetary Funds 2161 0.00 0.00 0.00 0.00Internal Accounts Payable 2290 0.00 0.00 0.00 0.00Total Liabilities 0.00 0.00 0.00 0.00


Exhibit I-8cPage 53

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES (CONTINUED)Agency Fund NameJune 30, 2013

Account Balance Balance Number July 1, 2012 Additions Deductions June 30, 2013ASSETS Cash and Cash Equivalents 1110 0.00 0.00 0.00 0.00Investments 1160 0.00 0.00 0.00 0.00Accounts Receivable, Net 1130 0.00 0.00 0.00 0.00Interest Receivable on Investments 1170 0.00 0.00 0.00 0.00Due From Other Funds:

Budgetary Funds 1141 0.00 0.00 0.00 0.00Inventory 1150 0.00 0.00 0.00 0.00Due From Other Agencies 1220 0.00 0.00 0.00 0.00Total Assets 0.00 0.00 0.00 0.00LIABILITIESAccrued Salaries and Benefits 2110 0.00 0.00 0.00 0.00Payroll Deductions and Withholdings 2170 0.00 0.00 0.00 0.00Accounts Payable 2120 0.00 0.00 0.00 0.00Due to Budgetary Funds 2161 0.00 0.00 0.00 0.00Internal Accounts Payable 2290 0.00 0.00 0.00 0.00Total Liabilities 0.00 0.00 0.00 0.00


Exhibit I-8dPage 54

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES (CONTINUED)TOTAL AGENCY FUNDS June 30, 2013

Total Agency Fund Total Agency Fund Account Balances Total Agency Fund Total Agency Fund Balances Number July 1, 2012 Additions Deductions June 30, 2013ASSETS Cash and Cash Equivalents 1110 12,192,045.00 42,357,487.00 44,155,174.00 10,394,358.00Investments 1160 2,879,172.00 1,650,730.00 0.00 4,529,902.00Accounts Receivable, Net 1130 362,359.00 0.00 239,878.00 122,481.00Interest Receivable on Investments 1170 0.00 0.00 0.00 0.00Due From Other Funds:

Budgetary Funds 1141 0.00 0.00 0.00 0.00Inventory 1150 507,778.00 0.00 160,146.00 347,632.00Due From Other Agencies 1220 0.00 0.00 0.00 0.00Total Assets 15,941,354.00 44,008,217.00 44,555,198.00 15,394,373.00LIABILITIESAccrued Salaries and Benefits 2110 0.00 0.00 0.00 0.00Payroll Deductions and Withholdings 2170 0.00 0.00 0.00 0.00Accounts Payable 2120 1,023,249.00 0.00 618,819.00 404,430.00Due to Budgetary Funds 2161 0.00 0.00 0.00 0.00Internal Accounts Payable 2290 14,918,105.00 44,008,217.00 43,936,379.00 14,989,943.00Total Liabilities 15,941,354.00 44,008,217.00 44,555,198.00 15,394,373.00


Exhibit J-1Page 55

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF NET POSITIONNONMAJOR COMPONENT UNITSJune 30, 2013

Nonmajor Nonmajor Nonmajor Total NonmajorAccount Component Unit Component Unit Component Unit ComponentNumber Name Name Name Units


Cash and Cash Equivalents 1110 0.00 0.00 0.00 0.00Investments 1160 0.00 0.00 0.00 0.00Taxes Receivable, net 1120 0.00 0.00 0.00 0.00Accounts Receivable, net 1130 0.00 0.00 0.00 0.00Interest Receivable on Investment 1170 0.00 0.00 0.00 0.00Due from Reinsurer 1180 0.00 0.00 0.00 0.00Deposits Receivable 1210 0.00 0.00 0.00 0.00Due From Other Agencies 1220 0.00 0.00 0.00 0.00Internal Balances 0.00 0.00 0.00 0.00Inventory 1150 0.00 0.00 0.00 0.00Prepaid Items 1230 0.00 0.00 0.00 0.00

Total Current Assets 0.00 0.00 0.00 0.00Noncurrent assets:

Cash with Fiscal/Service Agents 1114 0.00 0.00 0.00 0.00Other Post-Employment Benefits Asse 1410 0.00 0.00 0.00 0.00Section 1011.13, F.S. Loan Proceeds 1420 0.00 0.00 0.00 0.00Investments 1460 0.00 0.00 0.00 0.00

Total Noncurrent Assets 0.00 0.00 0.00 0.00Capital Assets:

Land 1310 0.00 0.00 0.00 0.00Land Improvements - Nondepreciable 1315 0.00 0.00 0.00 0.00Construction in Progress 1360 0.00 0.00 0.00 0.00Improvements Other Than Buildings 1320 0.00 0.00 0.00 0.00

Less Accumulated Depreciation 1329 0.00 0.00 0.00 0.00Buildings and Fixed Equipmen 1330 0.00 0.00 0.00 0.00

Less Accumulated Depreciation 1339 0.00 0.00 0.00 0.00Furniture, Fixtures and Equipment 1340 0.00 0.00 0.00 0.00

Less Accumulated Depreciation 1349 0.00 0.00 0.00 0.00Motor Vehicles 1350 0.00 0.00 0.00 0.00

Less Accumulated Depreciation 1359 0.00 0.00 0.00 0.00Property Under Capital Lease 1370 0.00 0.00 0.00 0.00

Less Accumulated Depreciation 1379 0.00 0.00 0.00 0.00Audio Visual Materials 1381 0.00 0.00 0.00 0.00

Less Accumulated Depreciation 1388 0.00 0.00 0.00 0.00Computer Software 1382 0.00 0.00 0.00 0.00

Less Accumulated Amortization 1389 0.00 0.00 0.00 0.00Other Capital Assets, Net of Depreciation 0.00 0.00 0.00 0.00

Total Capital Assets 0.00 0.00 0.00 0.00Total Assets 0.00 0.00 0.00 0.00DEFERRED OUTFLOWS OF RESOURCESAccumulated Decrease in Fair Value of Hedging Derivative 1910 0.00 0.00 0.00 0.00Total Deferred Outflows of Resources 0.00 0.00 0.00 0.00LIABILITIESCurrent Liabilities:

Accrued Salaries and Benefits 2110 0.00 0.00 0.00 0.00Payroll Deductions and Withholding 2170 0.00 0.00 0.00 0.00Accounts Payable 2120 0.00 0.00 0.00 0.00Judgments Payable 2130 0.00 0.00 0.00 0.00Construction Contracts Payable 2140 0.00 0.00 0.00 0.00Construction Contracts Payable - Retained Percentage 2150 0.00 0.00 0.00 0.00Sales Tax Payable 2260 0.00 0.00 0.00 0.00Due to Fiscal Agent 2240 0.00 0.00 0.00 0.00Accrued Interest Payable 2210 0.00 0.00 0.00 0.00Deposits Payable 2220 0.00 0.00 0.00 0.00Due to Other Agencies 2230 0.00 0.00 0.00 0.00Current Notes Payable 2250 0.00 0.00 0.00 0.00Deferred Revenue 2410 0.00 0.00 0.00 0.00Estimated Unpaid Claims - Self-Insurance Program 2271 0.00 0.00 0.00 0.00Estimated Liability for Claims Adjustmen 2272 0.00 0.00 0.00 0.00Estimated Liability for Arbitrage Rebate 2280 0.00 0.00 0.00 0.00

Total Current Liabilities 0.00 0.00 0.00 0.00Long-Term Liabilities:

Portion Due Within One Year:Notes Payable 2310 0.00 0.00 0.00 0.00Obligations Under Capital Leases 2315 0.00 0.00 0.00 0.00Bonds Payable 2320 0.00 0.00 0.00 0.00Liability for Compensated Absences 2330 0.00 0.00 0.00 0.00Lease-Purchase Agreements Payable 2340 0.00 0.00 0.00 0.00Estimated Liability for Long-Term Claims 2350 0.00 0.00 0.00 0.00Other Post-Employment Benefits Liability 2360 0.00 0.00 0.00 0.00Estimated PECO Advance Payable 2370 0.00 0.00 0.00 0.00Estimated Liability for Arbitrage Rebate 2280 0.00 0.00 0.00 0.00Due Within One Year 0.00 0.00 0.00 0.00

Portion Due After One Year:Notes Payable 2310 0.00 0.00 0.00 0.00Obligations Under Capital Leases 2315 0.00 0.00 0.00 0.00Bonds Payable 2320 0.00 0.00 0.00 0.00Liability for Compensated Absences 2330 0.00 0.00 0.00 0.00Lease-Purchase Agreements Payable 2340 0.00 0.00 0.00 0.00Estimated Liability for Long-Term Claims 2350 0.00 0.00 0.00 0.00Other Post-Employment Benefits Liability 2360 0.00 0.00 0.00 0.00Estimated PECO Advance Payable 2370 0.00 0.00 0.00 0.00Estimated Liability for Arbitrage Rebate 2280 0.00 0.00 0.00 0.00Due in More than One Year 0.00 0.00 0.00 0.00

Total Long-Term Liabilities 0.00 0.00 0.00 0.00Total Liabilities 0.00 0.00 0.00 0.00DEFERRED INFLOWS OF RESOURCESAccumulated Increase in Fair Value of Hedging Derivative 2610 0.00 0.00 0.00 0.00Total Deferred Inflows of Resources 0.00 0.00 0.00 0.00NET POSITIONNet Investment in Capital Assets 2770 0.00 0.00 0.00 0.00Restricted For:

Categorical Carryover Programs 2780 0.00 0.00 0.00 0.00Food Service 2780 0.00 0.00 0.00 0.00Debt Service 2780 0.00 0.00 0.00 0.00Capital Projects 2780 0.00 0.00 0.00 0.00Other Purposes 2780 0.00 0.00 0.00 0.00

Unrestricted 2790 0.00 0.00 0.00 0.00Total Net Position 0.00 0.00 0.00 0.00


Exhibit J-2aPage 56

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF ACTIVITIESNONMAJOR COMPONENT UNITSNonmajor Component Unit Name Net (Expense)For the Fiscal Year Ended June 30, 2013 Revenue and Changes







Grants and Contributions Not Restricted to Specific Programs 0.00Investment Earnings 0.00Miscellaneous 0.00Special Items 0.00Extraordinary Items 0.00Transfers 0.00Total General Revenues, Special Items, Extraordinary Items and Transfers 0.00Change in Net Position 0.00Net Position - July 1, 2012 0.00Net Position - June 30, 2013 0.00



Program Revenues

Exhibit J-2bPage 57

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF ACTIVITIES (CONTINUED)NONMAJOR COMPONENT UNITSNonmajor Component Unit Name Net (Expense)For the Fiscal Year Ended June 30, 2013 Revenue and Changes










Program Revenues

Exhibit J-2cPage 58

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF ACTIVITIES (CONTINUED)NONMAJOR COMPONENT UNITSNonmajor Component Unit Name Net (Expense)For the Fiscal Year Ended June 30, 2013 Revenue and Changes










Program Revenues

Exhibit J-2dPage 59

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF ACTIVITIES (CONTINUED)NONMAJOR COMPONENT UNITSTOTAL NONMAJOR COMPONENT UNITS Net (Expense)For the Fiscal Year Ended June 30, 2013 Revenue and Changes

in Net Position Operating Capital Total









Program Revenues

DISTRICT SCHOOL BOARD OF ORANGE COUNTY STATEMENT OF REVENUES, EXPENDITURES, AND Exhibit K-1CHANGES IN FUND BALANCE - GENERAL FUND DOE Page 1For the Fiscal Year Ended June 30, 2013 Fund 100

REVENUES AccountNumber

Federal Direct:Federal Impact, Current Operations 3121Reserve Officers Training Corps (ROTC 3191 1,290,063.15Miscellaneous Federal Direct 3199Total Federal Direct 3100 1,290,063.15

Federal Through State and Local:Medicaid 3202 4,307,201.11National Forest Funds 3255Federal Through Local 3280Miscellaneous Federal Through State 3299Total Federal Through State and Local 3200 4,307,201.11

State:Florida Education Finance Program (FEFP) 3310 429,171,849.00Workforce Development 3315 31,275,872.00Workforce Development Capitalization Incentive Gran 3316Workforce Education Performance Incentive 3317 436,855.00Adults with Disabilities 3318 257,183.63CO&DS Withheld for Administrative Expenditure 3323 105,207.47Categoricals:

District Discretionary Lottery Funds 3344Class Size Reduction Operating Fund 3355 209,397,870.00School Recognition Funds 3361 9,233,298.00Excellent Teaching Program 3363Voluntary Prekindergarten Program 3371 3,671,367.24Preschool Projects 3372Reading Programs 3373Full-Service Schools 3378

Other State:Diagnostic and Learning Resources Center 3335Racing Commission Fund 3341State Forest Funds 3342State License Tax 3343 629,269.06Other Miscellaneous State Revenue 3399 275,108.17

Total State 3300 684,453,879.57Local:

District School Taxes 3411 580,088,305.64Tax Redemptions 3421Payment in Lieu of Taxes 3422Excess Fees 3423Tuition 3424 438,860.00Rent 3425 1,320,871.90Interest on Investments 3431 4,379,261.76Gain on Sale of Investments 3432Net Increase (Decrease) in Fair Value of Investment 3433 (2,561,610.84)Gifts, Grants, and Bequests 3440 721,746.70Adult General Education Course Fees 3461 441,321.80Postsecondary Vocational Course Fees 3462 3,516,903.84Continuing Workforce Education Course Fee 3463 352,234.90Capital Improvement Fees 3464 152,051.68Postsecondary Lab Fees 3465Lifelong Learning Fees 3466 37,619.65General Education Development (GED) Testing Fee 3467Financial Aid Fees 3468 293,113.12Other Student Fees 3469 352,051.68Preschool Program Fees 3471Prekindergarten Early Intervention Fees 3472School-Age Child Care Fees 3473 701,287.66Other Schools, Courses, and Classes Fee 3479 80,639.34Miscellaneous Local:

Bus Fees 3491 597,560.25Transportation Services Rendered for School Activitie 3492 1,455.80Sale of Junk 3493 178,109.10Receipt of Federal Indirect Cost Rate 3494 2,426,136.73Other Miscellaneous Local Sources 3495 3,855,034.36Impact Fees 3496Refunds of Prior Year's Expenditures 3497 4,436,027.25Collections for Lost, Damaged, and Sold Textbook 3498 141,747.47Receipt of Food Service Indirect Costs 3499 780,249.00

Total Local 3400 602,730,978.79Total Revenues 3000 1,292,782,122.62

ESE 348

DISTRICT SCHOOL BOARD OF ORANGE COUNTY Exhibit K-1STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - GENERAL FUND (Continued) DOE Page 2For the Fiscal Year Ended June 30, 2013 Fund 100

100 200 300 400 500 600 700

SalariesEmployeeBenefits

PurchasedServices

EnergyServices

Materialsand Supplies

CapitalOutlay Other

Current:Instruction 5000 518,572,669.31 154,145,100.81 95,523,827.20 101,976.96 39,665,464.10 8,151,897.32 4,013,431.32 820,174,367.02

Student Personnel Services 6100 22,236,262.02 6,858,734.70 290,486.09 266,371.44 25,590.59 77,938.50 29,755,383.34

Instructional Media Services 6200 10,024,744.55 3,198,533.96 397,848.44 1,786.62 230,587.28 942,335.62 15,709.61 14,811,546.08

Instruction and Curriculum Development Services 6300 29,697,526.68 8,575,851.29 2,827,231.96 1,615.56 299,742.72 395,750.09 126,779.06 41,924,497.36

Instructional Staff Training Services 6400 7,270,747.23 1,865,816.81 608,731.76 267,111.84 31,733.71 593,059.52 10,637,200.87

Instructional-Related Technology 6500 7,280,675.67 2,302,316.97 282,365.30 169,214.46 1,354,314.42 70.00 11,388,956.82

Board 7100 1,564,874.76 403,369.33 1,081,808.59 14,271.02 5,499.65 117,851.66 3,187,675.01

General Administration 7200 3,249,953.70 820,906.00 788,158.65 106,692.88 30,326.45 160,304.62 5,156,342.30

School Administration 7300 68,082,474.74 21,416,222.48 1,524,564.08 316.80 1,064,380.62 977,130.50 822,085.99 93,887,175.21

Facilities Acquisition and Construction 7410 5,191,580.62 1,450,635.88 1,215,801.43 43,878.22 48,584.68 91,782.75 40,493.02 8,082,756.60

Fiscal Services 7500 3,911,649.33 1,155,597.82 225,614.34 26,806.22 116,998.41 180,940.06 5,617,606.18

Food Services 7600 475.00 0.00 475.00

Central Services 7700 8,902,813.65 2,482,886.13 2,609,487.14 60,696.55 404,464.14 587,229.04 114,736.12 15,162,312.77

Student Transportation Services 7800 30,838,660.55 13,365,921.47 229,030.63 9,102,934.20 3,408,631.37 932,018.90 491,423.32 58,368,620.44

Operation of Plant 7900 24,261,613.69 11,502,759.05 16,083,887.26 40,585,175.26 2,338,445.22 792,833.74 51,796.51 95,616,510.73

Maintenance of Plant 8100 14,454,646.80 5,237,040.11 7,199,758.98 688,284.40 3,169,535.46 231,394.40 30,439.39 31,011,099.54

Administrative Technology Services 8200 5,202,522.14 1,500,928.63 8,562,428.66 12,000.52 9,389.91 337,391.48 126,877.74 15,751,539.08

Community Services 9100 46,021.21 14,296.01 295,280.00 13,017.36 14,852.61 647,241.29 1,030,708.48Capital Outlay:

Facilities Acquisition and Construction 7420 375,032.42 375,032.42

Other Capital Outlay 9300 3,506,864.02 3,506,864.02Debt Service: (Function 9200)

Redemption of Principal 710 0.00

Interest 720 0.00

Total Expenditures 760,789,436.65 236,296,917.45 139,746,785.51 50,598,665.09 51,502,710.72 18,900,976.12 7,611,177.73 1,265,446,669.27

Excess (Deficiency) of Revenues Over Expenditures 27,335,453.35

ESE 348

Account Number Totals EXPENDITURES

DISTRICT SCHOOL BOARD OF ORANGE COUNTY STATEMENT OF REVENUES, EXPENDITURES, AND Exhibit K-1CHANGES IN FUND BALANCE - GENERAL FUND (Continued) DOE Page 3For the Fiscal Year Ended June 30, 2013 Fund 100

OTHER FINANCING SOURCES (USES)and CHANGES IN FUND BALANCES

AccountNumber

Loans 3720

Sales of Capital Assets 3730 940,368.21

Loss Recoveries 3740 75,773.10

Transfers In:

From Debt Service Funds 3620

From Capital Projects Funds 3630 11,655,921.68

From Special Revenue Funds 3640

From Permanent Funds 3660

From Internal Service Funds 3670

From Enterprise Funds 3690

Total Transfers In 3600 11,655,921.68

Transfers Out: (Function 9700)

To Debt Service Funds 920

To Capital Projects Funds 930

To Special Revenue Funds 940

To Permanent Funds 960

To Internal Service Funds 970 (6,670,000.00)

To Enterprise Funds 990

Total Transfers Out 9700 (6,670,000.00)

Total Other Financing Sources (Uses) 6,002,062.99

Net Change In Fund Balance 33,337,516.34

Fund Balance, July 1, 2012 2800 380,230,351.04

Adjustments to Fund Balance 2891

Ending Fund Balance:

Nonspendable Fund Balance 2710 3,293,508.22

Restricted Fund Balance 2720 27,647,502.63

Committed Fund Balance 2730

Assigned Fund Balance 2740 320,827,203.49

Unassigned Fund Balance 2750 61,799,653.04

Total Fund Balance, June 30, 2013 2700 413,567,867.38

ESE 348

DISTRICT SCHOOL BOARD OF ORANGE COUNTY STATEMENT OF REVENUES, EXPENDITURES, ANDCHANGES IN FUND BALANCE - SPECIAL REVENUE Exhibit K-2FUNDS - FOOD SERVICES DOE Page 4For the Fiscal Year Ended June 30, 2013 Fund 410

REVENUESAccountNumber

Federal Through State and Local:

School Lunch Reimbursement 3261 46,535,441.98

School Breakfast Reimbursement 3262 14,462,246.96

Afterschool Snack Reimbursement 3263 1,544,329.80

Child Care Food Program 3264

USDA Donated Commodities 3265 4,890,167.30

Cash in Lieu of Donated Foods 3266

Summer Food Service Program 3267 1,795,683.86

Fresh Fruit and Vegetable Program 3268 277,818.47

Other Food Services 3269

Federal Through Local 3280

Miscellaneous Federal Through State 3299

Total Federal Through State and Local 3200 69,505,688.37

State:

School Breakfast Supplement 3337 557,594.00

School Lunch Supplement 3338 591,966.00

Other Miscellaneous State Revenues 3399 36,890.00

Total State 3300 1,186,450.00

Local:

Interest on Investments 3431 58,533.56

Gain on Sale of Investments 3432

Net Increase (Decrease) in Fair Value of Investments 3433 (90,356.17)

Gifts, Grants, and Bequests 3440

Student Lunches 3451 7,108,363.92

Student Breakfasts 3452 488,079.98

Adult Breakfasts/Lunches 3453 518,384.35

Student and Adult a la Carte Fees 3454

Student Snacks 3455 4,285,634.64

Other Food Sales 3456 191,697.92

Other Miscellaneous Local Sources 3495 27,179.57

Refunds of Prior Year's Expenditures 3497

Total Local 3400 12,587,517.77

Total Revenues 3000 83,279,656.14

ESE 348

DISTRICT SCHOOL BOARD OF ORANGE COUNTY STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - SPECIAL REVENUE Exhibit K-2FUNDS - FOOD SERVICES (Continued) DOE Page 5For the Fiscal Year Ended June 30, 2013 Fund 410

EXPENDITURES (Function 7600/9300) AccountNumber

Salaries 100 20,066,644.72

Employee Benefits 200 10,898,879.57

Purchased Services 300 3,079,997.67

Energy Services 400 1,027,398.52

Materials and Supplies 500 42,805,821.97

Capital Outlay 600 369,869.74

Other 700 1,040,377.16

Other Capital Outlay (Function 9300) 600 1,906,856.68

Total Expenditures 81,195,846.03

Excess (Deficiency) of Revenues Over Expenditures 2,083,810.11


Loans 3720

Sale of Capital Assets 3730

Loss Recoveries 3740

Transfers In:

From General Fund 3610


From Capital Projects Funds 3630

Interfund 3650




Total Transfers In 3600 0.00


To General Fund 910



Interfund 950


To Internal Service Funds 970


Total Transfers Out 9700 0.00

Total Other Financing Sources (Uses) 0.00

Net Change in Fund Balance 2,083,810.11

Fund Balance, July 1, 2012 2800 19,109,417.47



Nonspendable Fund Balance 2710 2,843,348.92

Restricted Fund Balance 2720


Assigned Fund Balance 2740 18,349,878.66

Unassigned Fund Balance 2750

Total Fund Balance, June 30, 2013 2700 21,193,227.58

ESE 348

DISTRICT SCHOOL BOARD OF ORANGE COUNTY STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - SPECIAL REVENUE Exhibit K-3FUNDS - OTHER FEDERAL PROGRAMS DOE Page 6For the Fiscal Year Ended June 30, 2013 Fund 420


Federal Direct:

Workforce Investment Act 3170

Community Action Programs 3180

Reserve Officers Training Corps (ROTC) 3191

Miscellaneous Federal Direct 3199 15,002,961.56

Total Federal Direct 3100 15,002,961.56

Federal Through State and Local:

Vocational Education Acts 3201 2,162,123.63

Medicaid 3202

Workforce Investment Act 3220 260,946.14

Teacher and Principal Training and Recruiting, Title II, Part A 3225

Math and Science Partnerships, Title II Part B 3226 5,244,645.11

Drug-Free Schools 3227

Individuals with Disabilities Education Act (IDEA) 3230 42,286,937.07

Elementary and Secondary Education Act, Title I 3240 54,050,903.33

Adult General Education 3251 1,532,258.62

Vocational Rehabilitation 3253

Federal Through Local 3280 858,702.52

Emergency Immigrant Education Program 3293

Miscellaneous Federal Through State 3299 7,162,323.67

Total Federal Through State and Local 3200 113,558,840.09

State:

Other Miscellaneous State Revenues 3399 3,054.98

Total State 3300 3,054.98

Local:

Interest on Investments 3431

Gain on Sale of Investments 3432

Net Increase (Decrease) in Fair Value of Investments 3433

Gifts, Grants, and Bequests 3440

Adult General Education Course Fees 3461 38,852.60

Sale of Junk 3493

Other Miscellaneous Local Sources 3495

Refunds of Prior Year's Expenditures 3497

Total Local 3400 38,852.60

Total Revenues 3000 128,603,709.23

ESE 348

DISTRICT SCHOOL BOARD OF ORANGE COUNTY Exhibit K-3STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - SPECIAL REVENUE FUNDS - OTHER FEDERAL PROGRAMS (Continued) DOE Page 7For the Fiscal Year Ended June 30, 2013 Fund 420

100 200 300 400 500 600 700


PurchasedServices

EnergyServices


CapitalOutlay Other

Current:

Instruction 5000 16,567,946.55 5,029,868.08 11,695,525.35 4,901,561.55 7,404,579.62 782,827.31 46,382,308.46

Student Personnel Services 6100 9,937,957.24 2,797,782.59 295,079.34 362,208.33 12,912.43 7,122.00 13,413,061.93

Instructional Media Services 6200 254,025.58 82,673.69 142.63 98,552.64 3,510.60 438,905.14

Instruction and Curriculum Development Services 6300 17,821,144.74 5,060,115.32 733,780.77 134,988.90 84,723.10 35,039.00 23,869,791.83

Instructional Staff Training Services 6400 13,285,509.30 3,443,319.53 5,035,695.25 1,800,574.96 343,372.11 1,191,964.05 25,100,435.20

Instructional-Related Technology 6500 121,489.21 44,741.46 166,230.67

Board 7100 87,471.07 27,051.45 114,522.52

General Administration 7200 6,177.60 1,475.23 26,222.77 2,286,385.03 2,320,260.63

School Administration 7300 145,990.96 11,219.55 145,512.16 8,203.32 756.00 311,681.99


Fiscal Services 7500 133,052.94 38,628.55 2,500.00 174,181.49

Food Services 7600 5,994.40 894.22 6,155.60 17,483.70 30,527.92

Central Services 7700 381,475.81 109,051.52 14,362.26 17,969.45 6,386.01 529,245.05

Student Transportation Services 7800 3,558,832.98 2,090,206.04 780,956.92 6,429,995.94

Operation of Plant 7900 210,577.04 58,735.08 42,943.22 16,845.66 9,657.85 3,465.30 342,224.15

Maintenance of Plant 8100 30,054.20 12,645.54 14.64 42,714.38

Administrative Technology Services 8200 19,242.80 4,819.31 253,056.19 12,241.88 289,360.18

Community Services 9100 1,236,499.49 349,629.45 509,597.74 6,395.03 802.50 4,470,517.29 6,573,441.50

Capital Outlay:


Other Capital Outlay 9300 1,976,327.22 1,976,327.22

Total Expenditures 63,803,441.91 19,162,856.61 19,546,803.27 16,845.66 7,250,839.77 10,044,800.73 8,778,121.28 128,603,709.23

Excess (Deficiency) of Revenues over Expenditures 0.00


Loans 3720

Sales of Capital Assets 3730


Transfers In:




Interfund 3650






To the General Fund 910



Interfund 950






Net Change in Fund Balance 0.00

Fund Balance, July 1, 2012 2800



Nonspendable Fund Balance 2710



Assigned Fund Balance 2740


Total Fund Balance, June 30, 2013 2700 0.00

ESE 348

EXPENDITURES Account Number Totals

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - SPECIAL REVENUE FUNDSFEDERAL ECONOMIC STIMULUS PROGRAMS Exhibit K-4For the Fiscal Year Ended June 30, 2013 DOE Page 8

AccountState Fiscal Stabilization

FundsTargeted ARRA Stimulus Funds

Other ARRA Stimulus Grants

ARRA Race to the Top Education Jobs Act

Number 431 432 433 434 435

Federal Direct:

Workforce Investment Act 3170 0.00

Community Action Programs 3180 0.00

Reserve Officers Training Corps (ROTC) 3191 0.00

Miscellaneous Federal Direct 3199 0.00

Total Federal Direct: 3100 0.00 0.00 0.00 0.00 0.00 0.00

Federal Through State:

Vocational Education Acts 3201 0.00

State Fiscal Stabilization Funds - K-12 3210 0.00

State Fiscal Stabilization Funds - Workforce 3211 0.00

State Fiscal Stabilization Funds - VPK Program 3212 0.00

Race to the Top 3214 5,298,351.47 5,298,351.47

Education Jobs Act 3215 0.00

Individuals with Disabilities Education Act (IDEA) 3230 0.00

Elementary and Secondary Education Act, Title I 3240 2658516.92 2,658,516.92

Adult General Education 3251 0.00

Other Food Services 3269 0.00

Miscellaneous Federal Through State 3299 0.00

Total Federal Through State 3200 0.00 2,658,516.92 0.00 5,298,351.47 0.00 7,956,868.39

State:

Other Miscellaneous State Revenues 3399 0.00

Total State 3300 0.00 0.00 0.00 0.00 0.00 0.00

Local:

Interest on Investments 3431 0.00

Gain on Sale of Investments 3432 0.00

Net Increase (Decrease) in Fair Value of Investments 3433 0.00

Gifts, Grants, and Bequests 3440 0.00

Other Miscellaneous Local Sources 3495 0.00

Refunds of Prior Year's Expenditures 3497 0.00

Total Local 3400 0.00 0.00 0.00 0.00 0.00 0.00

Total Revenues 3000 0.00 2,658,516.92 0.00 5,298,351.47 0.00 7,956,868.39

ESE 348

REVENUES Totals

DISTRICT SCHOOL BOARD OF ORANGE COUNTY Exhibit K-4COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - SPECIAL REVENUE FUNDS - STATE FISCAL STABILIZATION FUNDS (Continued) DOE Page 9For the Fiscal Year Ended June 30, 2013 Fund 431

100 200 300 400 500 600 700


PurchasedServices

EnergyServices


CapitalOutlay Other

Current:

Instruction 5000 0.00

Student Personnel Services 6100 0.00

Instructional Media Services 6200 0.00

Instruction and Curriculum Development Services 6300 0.00

Instructional Staff Training Services 6400 0.00

Instructional-Related Technology 6500 0.00

Board 7100 0.00

General Administration 7200 0.00

School Administration 7300 0.00

Facilities Acquisition and Construction 7410 0.00

Fiscal Services 7500 0.00

Food Services 7600 0.00

Central Services 7700 0.00

Student Transportation Services 7800 0.00

Operation of Plant 7900 0.00

Maintenance of Plant 8100 0.00

Administrative Technology Services 8200 0.00

Community Services 9100 0.00

Capital Outlay:


Other Capital Outlay 9300 0.00

Total Expenditures 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00



Loans 3720



Transfers In:




Interfund 3650









Interfund 950
















ESE 348


DISTRICT SCHOOL BOARD OF ORANGE COUNTY Exhibit K-4COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - SPECIAL REVENUE FUNDS - TARGETED ARRA STIMULUS FUNDS (Continued) DOE Page 10For the Fiscal Year Ended June 30, 2013 Fund 432

100 200 300 400 500 600 700


PurchasedServices

EnergyServices


CapitalOutlay Other

Current:

Instruction 5000 404,695.99 120,088.87 28,188.54 254,503.48 98,376.54 108,898.95 1,014,752.37



Instruction and Curriculum Development Services 6300 415,184.32 114,493.58 92,151.71 69,923.12 22,773.19 966.00 715,491.92

Instructional Staff Training Services 6400 329,637.67 74,210.05 115,891.35 29,761.55 63,839.50 613,340.12


Board 7100 0.00

General Administration 7200 72,852.78 22,012.62 51,365.13 146,230.53






Student Transportation Services 7800 5,370.00 5,370.00




Community Services 9100 107,894.94 31,283.04 139,177.98

Capital Outlay:


Other Capital Outlay 9300 24,154.00 24,154.00

Total Expenditures 1,330,265.70 362,088.16 236,231.60 0.00 359,558.15 209,143.23 161,230.08 2,658,516.92



Loans 3720



Transfers In:




Interfund 3650









Interfund 950
















ESE 348

Account NumberEXPENDITURES Totals

DISTRICT SCHOOL BOARD OF ORANGE COUNTY Exhibit K-4COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - SPECIAL REVENUE FUNDS - OTHER ARRA STIMULUS GRANTS (Continued) DOE Page 11For the Fiscal Year Ended June 30, 2013 Fund 433

100 200 300 400 500 600 700


PurchasedServices

EnergyServices


CapitalOutlay Other

Current:







Board 7100 0.00












Capital Outlay:






Loans 3720



Transfers In:




Interfund 3650









Interfund 950
















ESE 348

Account Number Totals EXPENDITURES

DISTRICT SCHOOL BOARD OF ORANGE COUNTY Exhibit K-4COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - SPECIAL REVENUE FUNDS - ARRA RACE TO THE TOP (Continued) DOE Page 12For the Fiscal Year Ended June 30, 2013 Fund 434

100 200 300 400 500 600 700


PurchasedServices

EnergyServices


CapitalOutlay Other

Current:

Instruction 5000 58,210.69 16,737.80 475,864.32 412,672.35 101,142.94 19,522.00 1,084,150.10



Instruction and Curriculum Development Services 6300 803,763.07 200,373.61 39,276.78 4,390.47 5,801.77 1,053,605.70

Instructional Staff Training Services 6400 624,875.49 158,982.52 342,594.96 48,290.45 21,965.00 72,587.28 1,269,295.70


Board 7100 0.00

General Administration 7200 75,904.90 75,904.90





Central Services 7700 324,388.96 81,192.68 46,516.93 631.56 4,315.00 457,045.13

Student Transportation Services 7800 55,725.45 55,725.45



Administrative Technology Services 8200 41,871.20 12,189.37 354,720.00 782,804.96 1,191,585.53


Capital Outlay:


Other Capital Outlay 9300 111,038.96 111,038.96

Total Expenditures 1,853,109.41 469,475.98 1,314,698.44 0.00 465,984.83 1,022,753.63 172,329.18 5,298,351.47



Loans 3720



Transfers In:




Interfund 3650









Interfund 950
















ESE 348


DISTRICT SCHOOL BOARD OF ORANGE COUNTY Exhibit K-4COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - SPECIAL REVENUE FUNDS - EDUCATION JOBS ACT (Continued) DOE Page 13For the Fiscal Year Ended June 30, 2013 Fund 435

100 200 300 400 500 600 700


PurchasedServices

EnergyServices


CapitalOutlay Other

Current:







Board 7100 0.00












Capital Outlay:






Loans 3720



Transfers In:




Interfund 3650









Interfund 950
















ESE 348


DISTRICT SCHOOL BOARD OF ORANGE COUNTY Exhibit K-5STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - SPECIAL REVENUE FUNDS - MISCELLANEOUS DOE Page 14For the Fiscal Year Ended June 30, 2013 Fund 490


Federal Through State and Local:Federal Through Local 3280Total Federal Through State and Local 3200 0.00

Local:Interest on Investments 3431 115,389.22Gain on Sale of Investments 3432Net Increase (Decrease) in Fair Value of Investments 3433 (141,384.52)Gifts, Grants, and Bequests 3440 252,806.25Other Miscellaneous Local Sources 3495 6,395,029.31Total Local 3400 6,621,840.26

Total Revenues 3000 6,621,840.26100 200 300 400 500 600 700


PurchasedServices

EnergyServices


CapitalOutlay Other

Current:Instruction 5000 14,844.28 4,842.40 137,412.03 257,073.87 189,911.21 27,029.68 631,113.47Student Personnel Services 6100 2,979.18 3,880.59 6,859.77Instructional Media Services 6200 381.45 36.62 1,500.89 1,918.96Instruction and Curriculum Development Services 6300 223.20 29.42 30,137.14 30,389.76Instructional Staff Training Services 6400 2,312.00 176.83 87,662.19 15,110.53 105,261.55Instructional-Related Technology 6500 9,797.28 7,250.00 17,047.28Board 7100 0.00General Administration 7200 659.95 5,000.00 5,659.95School Administration 7300 43,401.38 7,816.87 19,892.03 35,595.67 14,901.89 17,137.92 138,745.76Facilities Acquisition and Construction 7410 0.00Fiscal Services 7500 0.00Central Services 7700 455.50 13,611.76 14,067.26Student Transportation Services 7800 14,796.35 1,122.31 15,918.66Operation of Plant 7900 1,411.44 183.33 22,485.68 53,028.35 1,619.47 78,728.27Maintenance of Plant 8100 767.00 4,431.28 638.75 410.90 6,247.93Administrative Technology Services 8200 0.00Community Services 9100 1,796,640.09 700,492.51 105,588.94 1,012,325.16 151,575.78 1,705,896.58 5,472,519.06

Capital Outlay:Facilities Acquisition and Construction 7420 4,983.00 4,983.00Other Capital Outlay 9300 184,950.49 184,950.49

Total Expenditures 1,859,980.84 713,577.98 395,703.18 638.75 1,434,254.40 560,191.84 1,750,064.18 6,714,411.17Excess (Deficiency) of Revenues over Expenditures (92,570.91)


Loss Recoveries 3740Transfers In:

From General Fund 3610From Debt Service Funds 3620From Capital Projects Funds 3630Interfund 3650From Permanent Funds 3660From Internal Service Funds 3670From Enterprise Funds 3690Total Transfers In 3600 0.00

Transfers Out: (Function 9700)To General Fund 910To Debt Service Funds 920To Capital Projects Funds 930Interfund 950To Permanent Funds 960To Internal Service Funds 970To Enterprise Funds 990Total Transfers Out 9700 0.00

Total Other Financing Sources (Uses) 0.00Net Change in Fund Balance (92,570.91)Fund Balance, July 1, 2012 2800 10,869,041.21Adjustments to Fund Balance 2891Ending Fund Balance:

Nonspendable Fund Balance 2710Restricted Fund Balance 2720Committed Fund Balance 2730Assigned Fund Balance 2740 10,776,470.30Unassigned Fund Balance 2750Total Fund Balance, June 30, 2013 2700 10,776,470.30

ESE 348


DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - DEBT SERVICE FUNDS Exhibit K-6For the Fiscal Year Ended June 30, 2013 DOE Page 15

SBE/COBI Bonds

Special Act Bonds

Section 1011.14/1011.15 F.S. Loans

Motor Vehicle Revenue Bonds

District Bonds

Other Debt Service

ARRA Economic Stimulus Debt Service

210 220 230 240 250 290 299

REVENUES

Federal:Miscellaneous Federal Direct 3199 1,789,712.60 1,789,712.60Miscellaneous Federal Through State 3299 0.00

State:CO & DS Withheld for SBE/COBI Bonds 3322 4,894,035.10 4,894,035.10SBE/COBI Bond Interest 3326 21,382.34 21,382.34Racing Commission Funds 3341 0.00Other Miscellaneous State Revenues 3399 0.00Total State Sources 3300 4,915,417.44 0.00 0.00 0.00 0.00 0.00 0.00 4,915,417.44

Local:District Debt Service Taxes 3412 0.00County Local Sales Tax 3418 0.00School District Local Sales Tax 3419 0.00Tax Redemptions 3421 0.00Payment in Lieu of Taxes 3422 0.00Excess Fees 3423 0.00Interest on Investments 3431 934,840.87 902,963.58 1,837,804.45Gain on Sale of Investments 3432 0.00Net Increase (Decrease) in Fair Value of Investments 3433 (398,686.66) (840,736.36) (1,239,423.02)Gifts, Grants, and Bequests 3440 0.00Other Miscellaneous Local Sources 3495 0.00Impact Fees 3496 0.00Refunds of Prior Year's Expenditures 3497 0.00Total Local Sources 3400 0.00 0.00 0.00 0.00 0.00 536,154.21 62,227.22 598,381.43

Total Revenues 3000 4,915,417.44 0.00 0.00 0.00 0.00 536,154.21 1,851,939.82 7,303,511.47

EXPENDITURES

Debt Service (Function 9200)Redemption of Principal 710 3,795,000.00 25,597,238.11 29,392,238.11Interest 720 1,200,400.00 61,242,730.20 2,201,025.89 64,644,156.09Dues and Fees 730 55,509.44 870,557.76 50,801.64 976,868.84Miscellaneous 790 0.00

Total Expenditures 5,050,909.44 0.00 0.00 0.00 0.00 87,710,526.07 2,251,827.53 95,013,263.04Excess (Deficiency) of Revenues Over Expenditures (135,492.00) 0.00 0.00 0.00 0.00 (87,174,371.86) (399,887.71) (87,709,751.57)

OTHER FINANCING SOURCES (USES)and CHANGES IN FUND BALANCE

Issuance of Bonds 3710 0.00Premium on Sale of Bonds 3791 0.00

Discount on Sale of Bonds (Function 9299) 891 0.00Proceeds of Lease-Purchase Agreements 3750 0.00Premium on Lease-Purchase Agreements 3793 0.00

Discount on Lease-Purchase Agreements (Function 9299) 893 0.00Loans 3720 0.00Proceeds of Forward Supply Contract 3760 0.00Face Value of Refunding Bonds 3715 0.00Premium on Refunding Bonds 3792 0.00

Discount on Refunding Bonds (Function 9299) 892 0.00Payments to Refunded Bonds Escrow Agent (Function 9299) 761 0.00

Refunding Lease-Purchase Agreements 3755 0.00Premium on Refunding Lease-Purchase Agreements 3794 0.00

Discount on Refunding Lease-Purchase Agmnts (Function 9299) 894 0.00Payments to Refunded Lease-Purchase Escrow Agent (Function 9299) 762 0.00

Transfers In:From General Fund 3610 0.00From Capital Projects Funds 3630 104,683,349.73 7,000.00 104,690,349.73From Special Revenue Funds 3640 0.00Interfund 3650 0.00From Permanent Funds 3660 0.00From Internal Service Funds 3670 0.00From Enterprise Funds 3690 0.00Total Transfers In 3600 0.00 0.00 0.00 0.00 0.00 104,683,349.73 7,000.00 104,690,349.73

Transfers Out: (Function 9700)To General Fund 910 0.00To Capital Projects Funds 930 0.00To Special Revenue Funds 940 0.00Interfund 950 0.00To Permanent Funds 960 0.00To Internal Service Funds 970 0.00To Enterprise Funds 990 0.00Total Transfers Out 9700 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Other Financing Sources (Uses) 0.00 0.00 0.00 0.00 0.00 104,683,349.73 7,000.00 104,690,349.73Net Change in Fund Balances (135,492.00) 0.00 0.00 0.00 0.00 17,508,977.87 (392,887.71) 16,980,598.16Fund Balances, July 1, 2012 2800 715,584.51 12,361,803.99 60,707,786.16 73,785,174.66Adjustments to Fund Balances 2891 0.00Ending Fund Balance:

Nonspendable Fund Balance 2710 0.00Restricted Fund Balance 2720 580,092.51 29,870,781.86 60,314,898.45 90,765,772.82Committed Fund Balance 2730 0.00Assigned Fund Balance 2740 0.00Unassigned Fund Balance 2750 0.00Total Fund Balances, June 30, 2013 2700 580,092.51 0.00 0.00 0.00 0.00 29,870,781.86 60,314,898.45 90,765,772.82

ESE 348

Totals AccountNumber

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - CAPITAL PROJECTS FUNDS Exhibit K-7For the Fiscal Year Ended June 30, 2013 DOE Page 16

Capital Outlay Bond Issues (COBI) Special Act Bonds

Section 1011.14 & 1011.15, F.S. Loans

Public EducationCapital Outlay (PECO)

DistrictBonds

Capital Outlay andDebt Service Program

Nonvoted Cap. Improvement Section

1011.71(2) F.S. Voted Capital ImprovementOther Capital

ProjectsARRA Economic Stimulus

Capital Projects310 320 330 340 350 360 370 380 390 399

Federal:

Miscellaneous Federal Direct 3199 0.00Miscellaneous Federal Through State 3299 0.00

State:

CO&DS Distributed 3321 2,014,654.43 2,014,654.43Interest on Undistributed CO&DS 3325 66,158.31 66,158.31Racing Commission Funds 3341 0.00Public Education Capital Outlay (PECO) 3391 0.00Classrooms First Program 3392 0.00School Infrastructure Thrift Program Act 3393 0.00Effort Index Grants 3394 0.00Smart Schools Small County Assistance Program 3395 0.00Class Size Reduction Capital Outlay 3396 0.00Charter School Capital Outlay Funding 3397 2,294,456.00 2,294,456.00Other Miscellaneous State Revenues 3399 0.00Total State Sources 3300 0.00 0.00 0.00 2,294,456.00 0.00 2,080,812.74 0.00 0.00 0.00 0.00 4,375,268.74

Local:

District Local Capital Improvement Tax 3413 124,764,969.85 124,764,969.85County Local Sales Tax 3418 181,301,579.35 181,301,579.35School District Local Sales Tax 3419 0.00Tax Redemptions 3421 0.00Payment in Lieu of Taxes 3422 0.00Excess Fees 3423 0.00Interest on Investments 3431 17,026.09 53,824.58 1,405,464.37 10,063,970.00 42,906.98 11,583,192.02Gain on Sale of Investments 3432 0.00Net Increase (Decrease) in Fair Value of Investments 3433 (17.73) (82,345.49) (1,490,049.16) (9,436,198.61) (53,017.76) (11,061,628.75)Gifts, Grants, and Bequests 3440 0.00Other Miscellaneous Local Sources 3495 152,116.00 152,116.00Impact Fees 3496 39,446,508.43 39,446,508.43Total Local Sources 3400 0.00 0.00 0.00 17,008.36 0.00 (28,520.91) 124,680,385.06 0.00 221,527,975.17 (10,110.78) 346,186,736.90

Total Revenues 3000 0.00 0.00 0.00 2,311,464.36 0.00 2,052,291.83 124,680,385.06 0.00 221,527,975.17 (10,110.78) 350,562,005.64

EXPENDITURES

Capital Outlay (Function 7400)

Library Books 610 463,075.11 463,075.11Audiovisual Materials 620 0.00Buildings and Fixed Equipment 630 4,010,133.01 21,145,513.47 9,189,742.53 34,345,389.01Furniture, Fixtures, and Equipment 640 3,561,232.11 9,546,257.51 54,514.51 13,162,004.13Motor Vehicles (Including Buses) 650 6,740,888.00 6,740,888.00Land 660 572,674.41 3,708,277.04 4,280,951.45Improvements Other Than Buildings 670 1,465,804.72 50,617.02 62,408.28 1,578,830.02Remodeling and Renovations 680 11,711.17 870,890.03 6,708,191.59 87,641,344.36 20,434,710.76 115,666,847.91Computer Software 690 1,539.00 1,539.00

Debt Service (Function 9200)

Redemption of Principal 710 0.00Interest 720 0.00Dues and Fees 730 3,755.53 3,755.53Miscellaneous 790 0.00

Total Expenditures 0.00 0.00 0.00 11,711.17 0.00 2,340,450.28 21,072,600.73 0.00 119,431,273.14 33,387,244.84 176,243,280.16Excess (Deficiency) of Revenues Over Expenditures 0.00 0.00 0.00 2,299,753.19 0.00 (288,158.45) 103,607,784.33 0.00 102,096,702.03 (33,397,355.62) 174,318,725.48

ESE 348

TotalsREVENUES AccountNumber

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - CAPITAL PROJECTS FUNDS (Continued) Exhibit K-7For the Fiscal Year Ended June 30, 2013 DOE Page 17

Capital Outlay Bond Issues (COBI) Special Act Bonds

Section 1011.14 & 1011.15 F.S. Loans

Public EducationCapital Outlay (PECO)

DistrictBonds

Capital Outlay andDebt Service Program

Nonvoted Cap. Improvement Section

1011.71(2) F.S. Voted Capital ImprovementOther Capital

ProjectsARRA Economic Stimulus

Capital Projects310 320 330 340 350 360 370 380 390 399

Issuance of Bonds 3710 0.00Premium on Sale of Bonds 3791 0.00

Discount on Sale of Bonds (Function 9299) 891 0.00Proceeds of Lease-Purchase Agreements 3750 0.00Premium on Lease-Purchase Agreements 3793 0.00

Discount on Lease-Purchase Agreements (Function 9299) 893 0.00Loans 3720 0.00Sale of Capital Assets 3730 167,784.56 167,784.56Loss Recoveries 3740 0.00Proceeds of Forward Supply Contract 3760 0.00Proceeds from Special Facility Construction Account 3770 0.00Transfers In:

From General Fund 3610 0.00From Debt Service Funds 3620 0.00From Special Revenue Funds 3640 0.00Interfund 3650 0.00From Permanent Funds 3660 0.00From Internal Service Funds 3670 0.00From Enterprise Funds 3690 0.00Total Transfers In 3600 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00


To General Fund 910 (2,294,456.00) (9,361,465.68) (11,655,921.68)To Debt Service Funds 920 (102,136,670.19) (2,553,679.54) (104,690,349.73)To Special Revenue Funds 940 0.00Interfund 950 0.00To Permanent Funds 960 0.00To Internal Service Funds 970 0.00To Enterprise Funds 990 0.00Total Transfers Out 9700 0.00 0.00 0.00 (2,294,456.00) 0.00 0.00 (111,498,135.87) 0.00 (2,553,679.54) 0.00 (116,346,271.41)

Total Other Financing Sources (Uses) 0.00 0.00 0.00 (2,294,456.00) 0.00 0.00 (111,498,135.87) 0.00 (2,385,894.98) 0.00 (116,178,486.85)Net Change in Fund Balances 0.00 0.00 0.00 5,297.19 0.00 (288,158.45) (7,890,351.54) 0.00 99,710,807.05 (33,397,355.62) 58,140,238.63Fund Balances, July 1, 2012 2800 6,377,140.81 145,460,027.55 763,587,167.89 33,397,355.62 948,821,691.87Adjustments to Fund Balances 2891 0.00Ending Fund Balance:

Nonspendable Fund Balance 2710 0.00Restricted Fund Balance 2720 5,297.19 6,088,982.36 137,569,676.01 863,297,974.94 1,006,961,930.50Committed Fund Balance 2730 0.00Assigned Fund Balance 2740 0.00Unassigned Fund Balance 2750 0.00Total Fund Balances, June 30, 2013 2700 0.00 0.00 0.00 5,297.19 0.00 6,088,982.36 137,569,676.01 0.00 863,297,974.94 0.00 1,006,961,930.50

ESE 348

OTHER FINANCING SOURCES (USES)and CHANGES IN FUND BALANCE

AccountNumber Totals

DISTRICT SCHOOL BOARD OF ORANGE COUNTY Exhibit K-8STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - PERMANENT FUND DOE Page 18For the Fiscal Year Ended June 30, 2013 Fund 000

REVENUESAccountNumber

Federal Direct 3100Federal Through State and Local 3200State Sources 3300Local Sources 3400Total Revenues 3000 0.00

100 200 300 400 500 600 700


PurchasedServices

EnergyServices


CapitalOutlay Other

Current:Instruction 5000 0.00Student Personnel Services 6100 0.00Instructional Media Services 6200 0.00Instruction and Curriculum Development Services 6300 0.00Instructional Staff Training Services 6400 0.00Instructional-Related Technology 6500 0.00Board 7100 0.00General Administration 7200 0.00School Administration 7300 0.00Facilities Acquisition and Construction 7410 0.00Fiscal Services 7500 0.00Central Services 7700 0.00Student Transportation Services 7800 0.00Operation of Plant 7900 0.00Maintenance of Plant 8100 0.00Administrative Technology Services 8200 0.00Community Services 9100 0.00

Capital Outlay:Facilities Acquisition and Construction 7420 0.00Other Capital Outlay 9300 0.00

Debt Service: (Function 9200)Redemption of Principal 710 0.00Interest 720 0.00

Total Expenditures 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Excess (Deficiency) of Revenues Over Expenditures 0.00


Sale of Capital Assets 3730Loss Recoveries 3740Transfers In:

From General Fund 3610From Debt Service Funds 3620From Capital Projects Funds 3630From Special Revenue Funds 3640From Internal Service Funds 3670From Enterprise Funds 3690Total Transfers In 3600 0.00

Transfers Out: (Function 9700)To General Fund 910To Debt Service Funds 920To Capital Projects Funds 930To Special Revenue Funds 940To Internal Service Funds 970To Enterprise Funds 990Total Transfers Out 9700 0.00

Total Other Financing Sources (Uses) 0.00Net Change in Fund Balance 0.00Fund Balance, July 1, 2012 2800Adjustments to Fund Balance 2891Ending Fund Balance:

Nonspendable Fund Balance 2710Restricted Fund Balance 2720Committed Fund Balance 2730Assigned Fund Balance 2740Unassigned Fund Balance 2750Total Fund Balance, June 30, 2013 2700 0.00

ESE 348


DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION - ENTERPRISE FUNDS Exhibit K-9For the Fiscal Year Ended June 30, 2013 DOE Page 19

Self-Insurance - Consortium



Self-Insurance - Consortium ARRA - Consortium Other Enterprise Programs Other Enterprise Programs

911 912 913 914 915 921 922Charges for Services 3481 0.00Charges for Sales 3482 0.00Premium Revenue 3484 0.00Other Operating Revenues 3489 0.00Total Operating Revenues 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

OPERATING EXPENSES (Function 9900)

Salaries 100 0.00Employee Benefits 200 0.00Purchased Services 300 0.00Energy Services 400 0.00Materials and Supplies 500 0.00Capital Outlay 600 0.00Other 700 0.00Depreciation and Amortization Expense 780 0.00Total Operating Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Operating Income (Loss) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

NONOPERATING REVENUES (EXPENSES)

Interest on Investments 3431 0.00Gain on Sale of Investments 3432 0.00Net Increase (Decrease) in Fair Value of Investments 3433 0.00Gifts, Grants, and Bequests 3440 0.00Other Miscellaneous Local Sources 3495 0.00Loss Recoveries 3740 0.00Gain on Disposition of Assets 3780 0.00Interest (Function 9900) 720 0.00Miscellaneous (Function 9900) 790 0.00Loss on Disposition of Assets (Function 9900) 810 0.00Total Nonoperating Revenues (Expenses) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net Income (Loss) Before Operating Transfers 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

TRANSFERS andCHANGES IN NET POSITION

Transfers In:From General Fund 3610 0.00From Debt Service Funds 3620 0.00From Capital Projects Funds 3630 0.00From Special Revenue Funds 3640 0.00Interfund 3650 0.00From Permanent Funds 3660 0.00From Internal Service Funds 3670 0.00Total Transfers In 3600 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Transfers Out: (Function 9700)To General Fund 910 0.00To Debt Service Funds 920 0.00To Capital Projects Funds 930 0.00To Special Revenue Funds 940 0.00Interfund 950 0.00To Permanent Funds 960 0.00To Internal Service Funds 970 0.00Total Transfers Out 9700 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Change in Net Position 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Net Position, July 1, 2012 2880 0.00Adjustments to Net Position 2896 0.00Net Position, June 30, 2013 2780 0.00

ESE 348

OPERATING REVENUES AccountNumber Totals

DISTRICT SCHOOL BOARD OF ORANGE COUNTY COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION - INTERNAL SERVICE FUNDS Exhibit K-10For the Fiscal Year Ended June 30, 2013 DOE Page 20

Self-Insurance Self-Insurance Self-Insurance Self-Insurance Self-InsuranceConsortiumPrograms

Other InternalService

711 712 713 714 716 731 791Charges for Services 3481 5,220,871.38 5,220,871.38Charges for Sales 3482 0.00Premium Revenue 3484 7,005,836.63 169,651,064.21 176,656,900.84Other Operating Revenues 3489 137,471.52 876,089.02 1,013,560.54Total Operating Revenues 0.00 0.00 7,143,308.15 0.00 170,527,153.23 0.00 5,220,871.38 182,891,332.76

OPERATING EXPENSES (Function 9900)

Salaries 100 260,054.63 435,659.19 695,713.82Employee Benefits 200 75,820.65 151,914.04 227,734.69Purchased Services 300 11,909.24 9,273,853.35 3,966,119.02 13,251,881.61Energy Services 400 82,500.00 82,500.00Materials and Supplies 500 491,565.88 491,565.88Capital Outlay 600 3,239.03 3,239.03Other 700 5,935,945.73 155,851,464.12 9,127.46 161,796,537.31Depreciation and Amortization Expense 780 0.00Total Operating Expenses 0.00 0.00 5,947,854.97 0.00 165,461,192.75 0.00 5,140,124.62 176,549,172.34Operating Income (Loss) 0.00 0.00 1,195,453.18 0.00 5,065,960.48 0.00 80,746.76 6,342,160.42

NONOPERATING REVENUES (EXPENSES)

Interest on Investments 3431 396,412.70 1,053,717.76 3,800.02 1,453,930.48Gain on Sale of Investments 3432 0.00Net Increase (Decrease) in Fair Value of Investments 3433 (461,030.27) (1,318,045.57) (3,078.89) (1,782,154.73)Gifts, Grants, and Bequests 3440 0.00Other Miscellaneous Local Sources 3495 0.00Loss Recoveries 3740 0.00Gain on Disposition of Assets 3780 0.00Interest (Function 9900) 720 0.00Miscellaneous (Function 9900) 790 0.00Loss on Disposition of Assets (Function 9900) 810 0.00Total Nonoperating Revenues (Expenses) 0.00 0.00 (64,617.57) 0.00 (264,327.81) 0.00 721.13 (328,224.25)Income (Loss) Before Operating Transfers 0.00 0.00 1,130,835.61 0.00 4,801,632.67 0.00 81,467.89 6,013,936.17

TRANSFERS andCHANGES IN NET POSITION

Transfers In:From General Fund 3610 6,670,000.00 6,670,000.00From Debt Service Funds 3620 0.00From Capital Projects Funds 3630 0.00From Special Revenue Funds 3640 0.00Interfund 3650 0.00From Permanent Funds 3660 0.00From Enterprise Funds 3690 0.00Total Transfers In 3600 0.00 0.00 0.00 0.00 6,670,000.00 0.00 0.00 6,670,000.00

Transfers Out: (Function 9700)To General Fund 910 0.00To Debt Service Funds 920 0.00To Capital Projects Funds 930 0.00To Special Revenue Funds 940 0.00Interfund 950 0.00To Permanent Funds 960 0.00To Enterprise Funds 990 0.00Total Transfers Out 9700 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Change in Net Position 0.00 0.00 1,130,835.61 0.00 11,471,632.67 0.00 81,467.89 12,683,936.17Net Position, July 1, 2012 2880 23,225,633.78 26,368,727.52 242,044.65 49,836,405.95Adjustments to Net Position 2896 0.00Net Position, June 30, 2013 2780 24,356,469.39 37,840,360.19 323,512.54 62,520,342.12

ESE 348

AccountNumber TotalsOPERATING REVENUES

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHOOL INTERNAL FUNDS Exhibit K-11COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES DOE Page 21June 30, 2013 Fund 891

ASSETSAccountNumber

BalanceJuly 1, 2012 Additions Deductions Balance

June 30, 2013

Cash 1110 12,192,045.00 42,357,487.00 44,155,174.00 10,394,358.00

Investments 1160 2,879,172.00 1,650,730.00 4,529,902.00

Accounts Receivable, Net 1130 362,359.00 239,878.00 122,481.00

Interest Receivable on Investments 1170 0.00

Due From Other Funds:

Budgetary Funds 1141 0.00

Inventory 1150 507,778.00 160,146.00 347,632.00

Due From Other Agencies 1220 0.00

Total Assets 15,941,354.00 44,008,217.00 44,555,198.00 15,394,373.00

LIABILITIES

Accrued Salaries and Benefits 2110 0.00

Payroll Deductions and Withholdings 2170 0.00

Accounts Payable 2120 1,023,249.00 618,819.00 404,430.00

Due to Budgetary Funds 2161 0.00

Internal Accounts Payable 2290 14,918,105.00 44,008,217.00 43,936,379.00 14,989,943.00

Total Liabilities 15,941,354.00 44,008,217.00 44,555,198.00 15,394,373.00

ESE 348

DISTRICT SCHOOL BOARD OF ORANGE COUNTY Exhibit K-12SCHEDULE OF LONG-TERM LIABILITIES DOE Page 22June 30, 2013 Fund 601

AccountNumber

GovernmentalActivities

Total BalanceJune 30, 2013 [1]

Business-TypeActivities

Total BalanceJune 30, 2013 [1]

Total

GovernmentalActivities - Debt

Principal Payments2012-13

GovernmentalActivities - Amounts

Due Within One Year2013-14

Business-TypeActivities - Debt

Principal Payments2012-13

Business-TypeActivities - Amounts

Due Within One Year2013-14

Notes Payable 2310 0.00

Obligations Under Capital Leases 2315 16,389,826.82 16,389,826.82 8,230,633.36 6,986,450.26

Bonds Payable

SBE/COBI Bonds Payable 2321 20,320,000.00 20,320,000.00 3,795,000.00 3,995,000.00

District Bonds Payable 2322 0.00

Special Act Bonds Payable 2323 0.00

Motor Vehicle License Revenue Bonds Payable 2324 0.00

Sales Surtax Bonds Payable 2326 0.00

Total Bonds Payable 2320 20,320,000.00 0.00 20,320,000.00 3,795,000.00 3,995,000.00 0.00 0.00

Liability for Compensated Absences 2330 109,843,634.00 109,843,634.00

Lease-Purchase Agreements Payable

Certificates of Participation (COPS) Payable 2341 1,265,909,014.25 1,265,909,014.25 19,405,326.00 24,417,401.20

Qualified Zone Academy Bonds (QZAB) Payable 2342 846,419.00 846,419.00 211,604.75 211,604.75

Qualified School Construction Bonds (QSCB) Payable 2343 72,049,000.00 72,049,000.00

Build America Bonds (BAB) Payable 2344 0.00

Other Lease-Purchase Agreements Payable 2349 0.00

Total Lease-Purchase Agreements Payable 2340 1,338,804,433.25 0.00 1,338,804,433.25 19,616,930.75 24,629,005.95 0.00 0.00

Estimated Liability for Long-Term Claims 2350 12,267,803.00 12,267,803.00

Other Post-Employment Benefits Liability 2360 72,153,708.00 72,153,708.00

Estimated PECO Advance Payable 2370 0.00

Other Long-Term Liabilities 2380 0.00

Total Long-Term Liabilities 1,569,779,405.07 0.00 1,569,779,405.07 31,642,564.11 35,610,456.21 0.00 0.00

[1] Report carrying amount of total liability due within one year and due after one year on June 30, 2013, including discounts and premiums.

ESE 348

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF CATEGORICAL PROGRAMSREPORT OF EXPENDITURES AND AVAILABLE FUNDS Exhibit K-13For the Fiscal Year Ended June 30, 2013 DOE Page 23

CATEGORICAL PROGRAMS Grant Unexpended Returned Revenues [3] Expenditures Flexibility [4] Unexpended

(Revenue Number) [Footnote] Number June 30, 2012 To DOE 2012-13 2012-13 2012-13 June 30, 2013

Class Size Reduction Operating Funds (3355) 94740 209,397,870.00 209,397,870.00

Class Size Reduction Capital Outlay (3396) 91050

Comprehensive K-12 Reading Plan (FEFP Earmark) [5] 90800 8,526,879.00 7,978,202.02 548,676.98

Excellent Teaching (3363) 90570

Florida Teachers Lead Program (FEFP Earmark) 97580 22,679.24 2,193,576.00 2,172,072.00 44,183.24

Instructional Materials (FEFP Earmark) [1] 90880 17,598,993.84 13,462,455.00 9,594,827.72 21,466,621.12

Library Media (FEFP Earmark) [1] 90881 551,853.26 815,559.00 771,262.50 596,149.76

Preschool Projects (3372) 97950

Public School Technology 90320

Safe Schools (FEFP Earmark) [2] 90803 25,292.91 4,399,767.00 4,414,075.75 10,984.16

Salary Bonus Outstanding Teachers in D and F Schools 94030

School Recognition Funds (3361) 92040 645,216.10 9,233,298.00 9,050,976.67 827,537.43

Supplemental Academic Instruction (FEFP Earmark) [5] 91280 38,846,196.00 38,846,196.00

Teacher Recruitment and Retention 93460

Teacher Training 91290

Student Transportation (FEFP Earmark) 90830 26,215,282.00 26,215,282.00

Voluntary Prekindergarten - School Year Program (3371) 96440 3,628,474.52 3,628,474.52

Voluntary Prekindergarten - Summer Program (3371) 96441 42,892.72 42,892.72

[1] Report the Library Media portion of the Instructional Materials allocation under the line "Library Media."[2] Combine all programs funded from the Safe Schools allocation under one line, "Safe Schools."[3] Include both state and local revenue sources. Revenue should agree to the FEFP Fourth Calculation allocation.[4] Report the amount of funds transferred from each program to maintain board-specified academic classroom instruction.[5] Expenditures for 100 lowest performing elementary schools should be included in expenditures.

ESE 348

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF SELECTED SUBOBJECT EXPENDITURES Exhibit K-14For the Fiscal Year Ended June 30, 2013 DOE Page 24

Sub- General FundSpecial Revenue

Food ServicesSpecial Revenue Other

Federal Programs

Special Revenue Federal Economic Stimulus

ProgramsObject 100 410 420 430 Total

ENERGY EXPENDITURES:

Natural Gas 411 619,818.39 619,818.39

Bottled Gas 421 432,930.97 432,930.97

Electricity 430 39,502,687.05 945,290.00 16,845.66 40,464,822.71

Heating Oil 440 0.00

Total 40,555,436.41 945,290.00 16,845.66 0.00 41,517,572.07ENERGY EXPENDITURES FOR STUDENTTRANSPORTATION:

Compressed Natural Gas 412 0.00

Liquefied Petroleum Gas 422 0.00

Gasoline 450 48,509.29 48,509.29

Diesel Fuel 460 9,054,424.91 9,054,424.91

Oil and Grease 540 155,320.46 155,320.46

Total 9,258,254.66 0.00 0.00 9,258,254.66

Sub- General FundSpecial Revenue Other

Federal Programs


Programs Capital Projects FundsObject 100 420 430 3XX Total

EXPENDITURES FOR SCHOOL BUSESAND SCHOOL BUS REPLACEMENTS:

Buses 651 6,740,888.00 6,740,888.00

EXPENDITURES FOR AUDIOVISUAL MATERIALS:

Audiovisual Materials 621 0.00

Sub- General FundSpecial Revenue

Food ServicesSpecial Revenue Other

Federal Programs


ProgramsObject 100 410 420 430 Total

SUBAWARDS FOR INDIRECT COST RATE:

Subrecipient awards up to $25,000 311 0.00

Subrecipient awards greater than $25,000 312 9,831,155.00 2,439,947.00 12,271,102.00

Subrecipient awards up to $25,000 391 0.00

Subrecipient awards greater than $25,000 392 0.00

Sub-Special Revenue

Food ServicesObject 410

FOOD SERVICE SUPPLIES SUBOBJECT

Supplies 510 322,700.04

Food 570 23,531,504.03

Commodities 580 15,529,117.82

ESE 348

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SCHEDULE OF SELECTED SUBOBJECT EXPENDITURES Exhibit K-14For the Fiscal Year Ended June 30, 2013 DOE Page 25


Federal Programs


ProgramsObject 100 420 430 Total

Teacher Salaries

Basic Programs 101, 102, and 103 (Function 5100) 120 313,380,818.00 3,265,147.00 199,882.00 316,845,847.00

Basic Programs 101, 102, and 103 (Function 5100) 140 149,613.00 8,062.00 157,675.00

Basic Programs 101, 102, and 103 (Function 5100) 750 0.00

Total Basic Program Salaries 313,530,431.00 3,273,209.00 199,882.00 317,003,522.00

Other Programs 130 (ESOL) (Function 5100) 120 40,592,415.00 722,650.00 17,663.00 41,332,728.00

Other Programs 130 (ESOL) (Function 5100) 140 19,363.00 1,784.00 21,147.00

Other Programs 130 (ESOL) (Function 5100) 750 0.00

Total Other Program Salaries 40,611,778.00 724,434.00 17,663.00 41,353,875.00

ESE Programs 111, 112, 113, 254, and 255 (Function 5200) 120 110,535,035.00 818,896.00 29,219.00 111,383,150.00

ESE Programs 111, 112, 113, 254, and 255 (Function 5200) 140 52,777.00 2,023.00 54,800.00

ESE Programs 111, 112, 113, 254, and 255 (Function 5200) 750 0.00

Total ESE Program Salaries 110,587,812.00 820,919.00 29,219.00 111,437,950.00

Career Program 300 (Function 5300) 120 4,923,531.00 166.00 42,595.00 4,966,292.00

Career Program 300 (Function 5300) 140 2,353.00 2,353.00

Career Program 300 (Function 5300) 750 0.00

Total Career Program Salaries 4,925,884.00 166.00 42,595.00 4,968,645.00

TOTAL 469,655,905.00 4,818,728.00 289,359.00 474,763,992.00


Federal Programs


ProgramsTextbooks (used for classroom instruction) Object 100 420 430 Total

Textbooks (Function 5000) 520 26,435,717.56 1,042,905.46 27,478,623.02

ESE 348

DISTRICT SCHOOL BOARD OF ORANGE COUNTY SPECIFIC ACADEMIC CLASSROOM INSTRUCTION AND OTHER DATA COLLECTION Exhibit K-14For the Fiscal Year Ended June 30, 2013 DOE Page 26

CATEGORICAL FLEXIBLE SPENDING -GENERAL FUND EXPENDITURES

AccountNumber

SafeSchools

StudentTransportation

SupplementalAcademicInstruction

ComprehensiveK-12

Reading

InstructionalMaterials

InstructionalMaterials

Library MediaTotals

Instruction:Basic Instruction 5100 0.00Exceptional Instruction 5200 0.00Career Education Instruction 5300 0.00Adult General Instruction 5400 0.00Prekindergarten 5500 0.00Other Instruction 5900 0.00

Total Flexible Spending Instructional Expenditures 5000 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Expenditures:General Fund 390 2,913,707.23Food Service Special Revenue Fund 390Other Federal Programs Special Revenue Fund 390 379,975.86Federal Economic Stimulus Special Revenue Funds 390 26,000.00

Total Charter School Distributions 3,319,683.09

LIFELONG LEARNING: Account(Lifelong Learning Expenditures are used in federal reporting) Number

Expenditures:General Fund 5900Other Federal Programs Special Revenue Fund 5900 38,350.19Federal Economic Stimulus Special Revenue Funds 5900

Total: 5900 38,350.19

MEDICAID EXPENDITURE REPORT Unexpended Earnings Expenditures Unexpended(Medicaid Expenditures are used in federal reporting) July 1, 2012 2012-2013 2012-2013 June 30, 2013

Earnings, Expenditures, and Carryforward Amounts: 4,307,201.11 4,307,201.11Expenditure Program or Activity:

School Nurses and Health Care Services 4,307,201.11

4,307,201.11

ESE 348

Charter School Distributions - Object 390(Distributions to charter schools are used in federal reporting)

ObjectNumber

Amount

Total Expenditures

Medicaid Administration and Billing ServicesStudent ServicesConsultantsOther

Exceptional Student Education

Occupational Therapy, Physical Therapy, and Other Therapy ServicesESE Professional and Technical ServicesGifted Student EducationStaff Training and Curriculum Development

Amount

DISTRICT SCHOOL BOARD OF ORANGE COUNTY Exhibit K-15VOLUNTARY PREKINDERGARTEN (VPK) PROGRAM DOE Page 27For the Fiscal Year Ended June 30, 2013 Supplemental Schedule - Fund 100

100 200 300 400 500 600 700

Account Employee Purchased Energy Materials CapitalNumber Salaries Benefits Services Services and Supplies Outlay Other Totals

Current:

Prekindergarten Instruction 5500 2,381,418.04 828,456.36 95,278.20 14,805.29 3,319,957.89



Instruction and Curriculum Development Services 6300 24,633.34 7,385.65 3,226.22 35,245.21

Instructional Staff Training Services 6400 38,424.90 9,354.21 1,316.89 90.00 49,186.00


Board 7100 0.00

General Administration 7200 76,047.80 76,047.80

School Administration 7300 33,896.10 6,338.80 798.08 41,032.98









Community Services 9100 0.00Capital Outlay:


Other Capital Outlay 9300 0.00Debt Service: (Function 9200)

Redemption of Principal 710 0.00

Interest 720 0.00

Total Expenditures 2,478,372.38 851,535.02 100,619.39 0.00 14,805.29 0.00 76,137.80 3,521,469.88

[1] Include expenditures for the summer program (Section 1002.61, F.S.) and the school-year program (Section 1002.63, F.S.).

ESE 348

VOLUNTARY PREKINDERGARTEN PROGRAM [1]GENERAL FUND EXPENDITURES

ORANGE COUNTY PUBLIC SCHOOLSSCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

For the Fiscal Year Ended June 30, 2013

Exhibit K-18Page 30-1

Federal Grantor/Pass-Through Grantor/Program Title Catalog of Pass- Amount of AmountFederal Through Expenditures Provided

Domestic Grantor (1) & (3) toAssistance Number Subrecipients

Number

United States Department of Agriculture:Indirect:

Child Nutrition Cluster:Florida Department of Agriculture and Consumer Services:

National School Lunch Program 10.555 (2) None 4,890,167.30$ -$ Florida Department of Education:

School Breakfast Program 10.553 321 14,462,246.96 National School Lunch Program 10.555 300 48,079,771.78 Summer Food Service Program for Children 10.559 None 1,795,683.86

Total Child Nutrition Cluster 64,337,702.60

Speciality Crop Block Grant Program - Farm Bill 10.170 None 517.96 Fresh Fruit & Vegetable Program 10.582 None 302,790.00

303,307.96 Total United States Department of Agriculture 69,531,177.86

United States Department of DefenseDirect:

DOD, NDEP, DOTC-STEM Education Outreach Implementation 12.560 1NWK6 20,907.89 Air Force Junior Reserve Officers Training Corps None N/A 574,290.48 Army Junior Reserve Officers Training Corps None N/A 98,834.92 Marine Corps Junior Reserve Officers Training Corps None N/A 177,389.41 Navy Junior Reserve Officers Training Corps None N/A 450,619.73

Total United States Department of Defense 1,322,042.43

United States Department of JusticeIndirect:

Florida Department of Juvenile JusticeJuvenile Accountability Block Grants 16.523 Z0112 34,966.12 34,507.00

The City of OrlandoPublic Safety Partnership and Community Policing Grants 16.710 None 58,975.40

Total United States Department of Justice 93,941.52 34,507.00

United States Department of Labor:Indirect:

Florida Department of Education: WIA Cluster

WIA Adult Program 17.258 None 4,046.25 Total WIA Cluster 4,046.25

National Farmworker Jobs Program 17.264 405 260,946.14

Total United States Department of Labor 264,992.39

United States Department of TransportationIndirect:

Highway Planning and Construction ClusterNational Center for Safe Routes to School

Highway Planning & Construction 20.205 None 841.00

Total United States Department of Transportation 841.00

National Aeronautics and Space AdministrationIndirect:

AERO InstituteEducation 43.008 None 25,665.49

Total National Aeronautics and Space Administration 25,665.49

National Science FoundationIndirect:

New York UniversityEducation and Human Resources 47.076 None 86,789.56

Total National Science Foundation 86,789.56






Number

United States Department of Education:Direct:

Student Financial Assistance ClusterFederal Pell Grant Program 84.063 None 4,429,894.51

Teacher Incentive Fund ClusterTeacher Incentive Funds 84.374 None 6,556,029.05

Civil Rights Training and Advisory Services 84.004 None 12,484.18 Safe and Drug Free Schools and Communities - National Programs 84.184 None 1,850,261.11 209,900.00 Fund for the Improvement of Education 84.215 None 831,245.55 Transition to Teaching 84.350 None 71,015.75 School Leadership 84.363 None 738,007.28

Total Direct 14,488,937.43 209,900.00

Indirect:Special Education Cluster:

Florida Department of Education: Special Education - Grants to States 84.027 262,263 41,233,155.56 871,536.32 Special Education - Preschool Grants 84.173 266,267 1,053,041.51

University of South Florida:Special Education-Grants to States 84.027 None 740.00

Total Special Education Cluster 42,286,937.07

Education of Homeless Children and Youth ClusterFlorida Department of Education

Education for Homeless Children and Youth 84.196 127 146,463.26 Total Education of Homeless Children and Youth Cluster 146,463.26

School Improvement Grants ClusterFlorida Department of Education

School Improvement Grants 84.377 126 499,346.32 ARRA - School Improvement Grants, Recovery Act 84.388 126 2,658,516.92

Total School Improvement Grants Cluster 3,157,863.24

Florida Department of EducationAdult Education - Basic Grants to States 84.002 191,193 1,571,111.22 Title I Grants to Local Educational Agencies 84.010 212,222,223,226,228 53,038,621.17 649,580.13 Migrant Education-State Grant Program 84.011 217 512,935.84 Career and Technical Education -- Basic Grants to States 84.048 161 2,162,123.63 Charter Schools 84.282 298 1,441,411.13 1,441,411.13 Twenty-First Century Community Learning Centers 84.287 244 1,133,402.55 41,085.56 English Language Acquisition Grants 84.365 102 2,939,913.01 Improving Teacher Quality - State Grants 84.367 224 5,244,645.11 17,552.64 ARRA - State Fiscal Stabilization Fund (SFSF)

Race to the Top Incentive Grants, Recovery Act 84.395 RD3, RL1, RS6, RS7, RS8 5,298,351.47

University of Central FloridaARRA - State Fiscal Stabilization Fund (SFSF)

Race to the Top Incentive Grants, Recovery Act 84.395 RG4 576,098.15 Mathematics and Science Partnerships 84.366 235 20,378.69 Improving Teacher Quality - State Grants 84.367 225 230,261.23

Washington County School Board:ARRA - State Fiscal Stabilization Fund (SFSF)

Race to the Top Incentive Grants, Recovery Act 84.395 None 20,325.00 Putnam County School District

ARRA - State Fiscal Stabilization Fund (SFSF)Race to the Top Incentive Grants, Recovery Act 84.395 RA2 1,587.00

Florida State University:Mathematics and Science Partnerships 84.366 235 53,834.89

74,245,000.09

Total Indirect 119,836,263.66 3,021,165.78

Total United States Department of Education 134,325,201.09 3,231,065.78

United States Department of Health and Human ServicesDirect:

Affordable Care Act (ACA) Personal Responsibility Education Program 93.092 None 249,506.09

Cooperating Agreements to Supportive ComprehensiveSchool Health Programs to Prevent the Spread of

HIV and Other Important Health Problems 93.938 None 246,665.13

Total Direct 496,171.22






Number

Indirect:Florida Department of Children and Families:

TANF ClusterCentral Florida Regional Workforce Development Board d/b/a Workforce Central

Florida Temporary Assistance for Needy Families 93.558 None 1,141.25

CCDF ClusterEarly Learning Coalition of Orange County

Child Care and Development Block Grant 93.575 912 227,349.59 Child Care Mandatory and Matching Funds of the Child Care and Development Fund 93.596 912 102,444.07

Total CCDF Cluster 329,793.66

Refugee and Entrant Assistance - State Administered Programs 93.566 None 153,150.73 Refugee and Entrant Assistance - Targeted Assistance Grants 93.584 None 18,319.47

Catholic Charities of Central Florida, Inc,Refugee and Entrant Assistance - State Administered Programs 93.566 None 613,608.51

Orange County, Florida - Family ServicesHeadstart 93.600 None 104,564.35

Total Indirect 1,220,577.97

Total United States Department of Health and Human Services 1,716,749.19

Total Expenditures of Federal Awards 206,066,265.99$ 3,265,572.78$

Notes: (1) Basis of Presentation. The Schedule of Expenditures of Federal Awards represents amount expended from Federal Programsduring the 2012-13 fiscal year as determined based on the full accrual basis of accounting. The amounts reported on theSchedule have been reconciled to and are in material agreement with amounts recorded in the District’s accounting recordsfrom which the basic financial statements have been reported.

(2) Noncash Assistance. Food Distribution represents the amount of donated food used during the 2012-13 fiscal year. Commoditiesare valued at fair value as determined at the time of donation.

(3) Grant Contingency. The grant revenue amounts received are subject to audit and adjustments. If any expenditures aredisallowed by the grantor agencies as a result of such an audit any claim for reimbursement to the grantor agencies wouldbecome a liability of the District. In the opinion of management, all grant expenditures are in compliance with the terms of thegrant agreement and applicable federal and state laws and regulations.

Documents

Orange County Public Schools€¦ · ORANGE COUNTY PUBLIC SCHOOLS MANAGEMENT’S DISCUSSION AND ANALYSIS June 30, 2013 As management of the District School Board of Orange County