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POPULAR ANNUAL FINANCIAL REPORT
For Fiscal Year Ended June 30, 2012
All students will graduate from high school having the knowledge, skills, attitudes, and values necessary to achieve academically, prosper economically, and contribute
in a diverse global society.
5100 West Sahara Ave. Las Vegas, NV 89146 (702) 799-5338 www.ccsd.net
â
TABLE OF CONTENTS
LetterâofâTransmittalâ âŠâŠâŠâŠâŠâŠâŠ...............................................âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâ 4CCSDâatâaâGlanceâ âŠâŠâŠâŠâŠâŠâŠ..............................................âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ.â 6DistrictâProfileââ ..............................................âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ.â 7FinanceâInitiativesâ âŠâŠâŠâŠâŠ...........................................âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ....ââ9EducationalâAchievementsââ .........................âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ.........â10FundingâEducationâ âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ...........................................âŠâŠâŠâŠ...â11Resourcesââ â âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ.........................................âŠâŠâŠâŠâŠâŠ.....â12Expendituresââ â âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ...........................................âŠâŠâŠâŠ...â13Government-WideââââââFinancialâStatementsâââââŠâŠâŠ.............................................âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ.â14Debtâ â â âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ.........................................âŠâŠâŠâŠ....âŠ.â15CapitalâProjectsâ âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ.........................................âŠâŠâŠâŠ....âŠ.â16AcademicâProgramsâ âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ..............................................â17InâtheâNewsâ â âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ..........................................âŠâŠâŠâŠâŠ...âŠ.â19GlossaryâofâTermsâ âŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ..............................................â20
Thisâpageâisâintentionallyâleftâblank
â
MESSAGE FROM THE SUPERINTENDENT
4
Octoberâ12,â2012
ToâtheâCitizensâandâTaxpayersâofâClarkâCounty:
IâamâpleasedâtoâpresentâtheâClarkâCountyâSchoolâDistrictâsâ(CCSD)â2011-12âPopularâAnnualâFinancialâReportâ(PAFR)âforâtheâfiscalâyearâendedââJuneâ30,â2012âwhichâdemonstratesâCCSDâsâprudentâfiscalâandâinstructionalâpoliciesâinâtheâfaceâofâeconomicâchallenge.
AsâIâstatedâinâmyâpreliminaryâreformsâreport,âA Look Ahead Phase I,âpresentedâtoâtheâSchoolâBoardâofâTrusteesâoverâaâyearâago,âallâofâourâeffortsâhaveâoneâpurpose;âit is to ensure all students are ready by exit.ââStateâtestâscoresâforâCCSDâstudentsâareâupwardlyâtrendingâinânearlyâeveryâgradeâandâsubjectâasâwe move from being the fastest growing school district to the fastest improving.ââAnâincreaseâinâtheânumberâofâstudentsâthatâgraduatedâinâ2012âthroughâtheââReclaimâYourâFutureââinitiativeâprovesâthatââReadyâByâExitââisâalreadyââaâsuccess.ââ
Inâadditionâtoâtheseâachievements,âtheâDistrictâhasâbeenâreorganizedâintoâperformanceâzonesâcreating a flatter, more responsive orga-nization with a focus on achievement.ââWeâhaveâtransitionedâintoâtheâCommonâCoreâStandardsâtoâensureâourâstudentsâhaveâaâthoroughâunderstandingâofâgradeâappropriateâconcepts.ââUnderâmyâdirection,âCCSDâalsoâadoptedâaânewâmethodâforâtrackingâstudentâachievementâknownâasâtheâGrowthâModel.ââThisâmodelâwillâtrackâtheâeducationalâgrowthâofâstudentsâandâschoolsâincludingâtheâchangeâinâtheirâindi-vidualâachievementâandâtheirâaggregateâschoolâachievementâonâaâyear-over-yearâbasis.ââGrowthâwillâbeâmeasuredâasâaâcomponentâofâtheâSchoolâPerformanceâFrameworkâ(SPF),âassigningâaâ1-5âstarâratingâtoâeachâschool.ââInâtheâinitialâyearâofâtheânewâratingâsystem,ânearly one-third of CCSD schools earned a 4-star or 5-star rating.ââ
Implementingâtheseâreformsâwillâensureâthatâallâstudentsâareâreadyâbyâexit;âhowever,âasâweârecoverâfromâtheâmostâchallengingâeco-nomicâclimateâsinceâtheâGreatâDepression,âadequate funding for public schools is in jeopardy.ââInâtheâcurrentâbiennium,âtheâstateâsâEconomicâForumââonlyâprojectedâmodestâgrowthâstate-wide,âwhileâlocally,âpropertyâtaxesâandâotherârevenuesâcontinueâtheirâdecline.ââCombineâthisâwithâtheâlossâofâone-timeâfederalâAmericanâRecoveryâandâReinvestmentâActâ(ARRA)ââstimulusâfundingâandâitâisâapparentâthatâCCSDâhasâcomplexâfundingâissuesâwhileâfacingâfurtherâeconomicâheadwinds.
Sinceâ2007,âCCSD has cut its budget over $500 million dollars.ââOverâthisâperiod,âcentralâadministrativeâofficesâhaveâincurredâoverâ30%âreductionsâinâtheirâbudgets,âclassâsizesâinâgradesâoneâthroughâthreeâhaveâincreasedâbyâtwoâstudents,âandâtheâDistrictâhasâbeenârequiredâtoâtransferâoverâ$65âmillionâfromâcapitalâfundsâtoâsubsidizeâoperations.ââAdditionally,âemployeeâgroupsâwereâaskedâtoâshareâinâtheâsac-rificeâandâhaveâacceptedâpayâfreezesâandâpayâreductions.ââTheâAdministrator,âSupport,âandâPoliceâemployeeâgroupsâagreedâtoâcontinueâthoseâfreezesâintoâfiscalâyearâ2013,âwhileâtheâLicensedâgroupâcontinueâtoâfightâaâpayâfreezeâthroughâtheâarbitrationâprocess.
InâresponseâtoârevenueâreductionsâatâbothâtheâstateâandâlocalâlevelsâandâinâadditionâtoârecognizingâtheâStateâsâfiscalâdistress,âtwoâratingâagenciesâdowngradedâtheâDistrictâsâcreditâratingâinâ2011.ââTheâDistrictânowâholdsâanâAa3âratingâwithâMoodyâs,âbutâtheyâhaveâupgradedâusâtoâaâstableâoutlookâasâofâMayâ2012.ââTheâDistrictâsâbondâratingâalsoâhasârecentlyâbeenâdowngradedâtoâanâA+âratingâwithâFitch,âandâanâAAââratingâwithâStandardâ&âPoorâs.ââItâshouldâbeânotedâthatâstrong financial management during this economic crises has continually been highlighted as a credit strengthâinâtheirâreports.
Fourâyearsâago,âtheâClarkâCountyâSchoolâDistrictâconcludedâoneâofâtheâlargestâgrowthâspurtsâeverâexperiencedâbyâaâsingleâschoolâdis-trictâandâisâreturningâtoâflat-to-decliningâstudentâgrowth,âlosingâoverâ1,500âstudentsâinâ2012âcomparedâtoâtheâpreviousâyear.ââDuringâitsâgrowthâperiod,âasâassistedâbyâaâvoterâapprovedâ10-yearâbondâprogramâinitiatedâinâ1998,âtheâDistrictâwasâableâtoâconstructâorâreplaceâoverâ120âworldâclassâschoolâfacilitiesâbyâissuingâoverâ$4.9âbillionâofâgeneralâobligationâdebt.ââWith the end of the bond program, capital funds are now strappedâandâpreventativeâmaintenanceâorâneededâmodernizationâareâdeferredâtoâtheâfutureâwhereâtheyâwillâbeâmuchâmoreâcostly.
Despiteâallâofâthis,âCCSDâcontinuesâtoâensureâthatâitâspendsâcarefullyâandâwisely.ââInâadditionâtoâinstructionalâreforms,âCCSDâconsultedâwithâanâoperationalâefficiencyâfirm,âGibsonâConsulting,âtoâprovideâaâtopâtoâbottomâreviewâofâDistrictâoperationalâprocesses.ââInâtheâcur-rentâfiscalâyear,âthe District has only just begun implementing many of the recommendations which will provide current and future savings.ââTheseâsavingsâwillâhelpâasâtheâDistrictâhasâbeenâforcedâtoâbalanceâitsâbudgetâusingâshort-termâmeasuresâincludingâreducingâitsâfundâbalanceâretentionârequirementâandâusingâcapitalâfundingâtoâoffsetâoperationalâlosses.
(continued on page 5)
â
BottomâLeft:âDr.âRenĂ©âCantĂșâJr.,âDr.âLindaâE.âYoung,âDeannaâL.âWrightTopâLeft:âLorraineâAlderman,âErinâE.âCranor,âChrisâGarvey,âCarolynâEdwards
â
A MESSAGE FROM THE CHIEF FINANCIAL OFFICER
TheâClarkâCountyâSchoolâDistrictâPopularâAnnualâFinancialâReportâ(PAFR)âforâtheâfiscalâyearâendedâJuneâ30,â2012âisâintendedâtoâclearlyâcommunicateâinâanâopenâandâtransparentâmanner,âourâfinancialâoperationsâinâanâeasyâtoâunderstandâformat.
TheâPAFRâsummarizesâtheâfinancialâandâoperatingâresultsâreportedâinâourâComprehensiveâAnnualâFinancialâReportâ(CAFR).ââTheâCAFRâisâpreparedâinâconformanceâwithâGenerallyâAcceptedâAccountingâPrinciplesâ(GAAP).ââItâincludesâauditedâfinancialâstatements,âdisclosures,âopinionsâofâourâindependentâexternalâauditors,âandâotherâdetailedâfinancialâinformation.ââTheâindependentâauditâofâtheâCAFRâwasâper-formedâbyâKafoury,âArmstrongâandâCo,âCPAâsâinâaccordanceâwithâauditingâstandardsâgenerallyâacceptedâinâtheâUnitedâStatesâofâAmerica.ââAâcopyâofâtheâCAFRâisâavailableâfromâtheâFinanceâDivisionâandâisâpostedâonâourâwebsiteâatâwww.ccsd.net.âTheâPAFRâisâpreparedâonâaânon-GAAPâbasisâandâisâunaudited.ââThisâreportâdoesânotâincludeâinformationâonâallâDistrictâfunds,âfullâdisclo-sureâofâallâmaterialâevents,âorânotesâtoâtheâfinancialâstatements.
CCSDâwishesâtoâthankâallâofâtheâstakeholdersâwhoâassistâinâprovidingâqualityâeducationâtoâourâstudentsâespeciallyâtheâSchoolâBoardâofâTrusteesâforâtheirâprogressiveâdirectionâandâmanagement.
5
School Board of Trustees
(continued from page 4)
Regardlessâofâtheâfinancialâoutlook,âI am continually optimistic about the exceptional progress we are making in improving student achievementâacrossâClarkâCounty.ââHopefullyâthisâdocumentâprovidesâtoâyou,ââfinancialâandâacademicâinformationâinâaâclear,âconciseâandâunderstandableâmannerâthatârepresentsâweâareâdoingâmoreâwithâless,âbutânotâexpectingâanyâlessâwhenâitâcomesâtoâourâstudentâsâsuccess.
â
CCSD AT A GLANCEStudentsTotal:ââ308,377
StudentâEnrollmentElementary:ââ146,548Middle:ââ71,831SeniorâHigh:ââ87,264Special:ââ625Adult:ââ2,109
SchoolsTotal:ââ357Elementaryâschools:ââ217Middleâschools:ââ59SeniorâHighâschools:ââ49Specialâschools:ââ8Alternativeâschools/programs:ââ24 GeneralâOperatingâFundâBudget
OperatingâBudget:ââ$2,090âBillion
GeneralâOperatingâFundâ2012âResources(dollars in thousands)Localâsources:ââ$1,249,368Stateâsources:ââ$688,533Federalâsources:ââ$839Otherâsources:ââ$253OpeningâFundâBalance:ââ$96,621EndingâFundâBalance:â$76,983
StudentsâReceivingâSpecialâServicesEnglishâLanguageâLearnerâProgram:ââ54,398Free/ReducedâLunchâProgram:ââ177,132SpecialâEducationâProgram:ââ33,129
EmployeesâbyâFunction
Instruction:ââ23,545Studentâsupport:ââ1,560Instructionâstaffâsupport:ââ1,169Generalâadministration:ââ128Schoolâadministration:ââ3,031Centralâservices:ââ830Operation/maintenanceââ âââââplantâservices:ââ2,630Studentâtransportation:ââ1,741Communityâservices:ââ20Foodâservices:ââ2,397Facilitiesâacquisitionâandââ âââââconstructionâservices:ââ177
ââââââTransportationââââââ1,547âbusesââââââ111,504âstudentsâeligibleâtoâride,âincludingâââ specialâeducationââââââ20.8âmillionâmilesâtraveledâlastâschoolâyearâââ (2010-2011)
6
StudentâRacialâBreakdown
43.4%
30.2%
12%
6.6%
5.8% 1.5% 0.5%
Hispanic/Latino
Caucasian
Black/AfricanâAmerican
Asian
Multiracial
OtherâPacificâIslander
NativeâAmerican
â
DISTRICT PROFILE
7
HISTORY AND POPULATION
TheâClarkâCountyâSchoolâDistrictâisâaâpoliticalâsubdivisionâofâtheâStateâofâNevada;âcreatedâthroughâlegislationâinâ1956âwhichâcon-solidatedâschoolâdistrictsâbyâcounty.ââAsâsuch,âCCSDâboundariesâareâcoterminousâwithâClarkâCounty,âencompassingâapproximatelyâ7,891âsquareâmilesâinâtheâsouthernmostâsectionâofâNevadaâwithâaâpopulationâofâ justâoverâ1.9âmillion.â âTheâ largestâcitiesâservedâbyâtheâDistrictâincludeâLasâVegas,âHenderson,âandâNorthâLasâVe-gas,âhowever,âitâalsoâincludesâruralâareasâsuchâasâIndianâSprings,âSearchlight,âandâLaughlin.ââTheâDistrictâoperatesâ357âschoolsâandâasâtheâfifthâlargestâschoolâDistrictâinâtheânationâhasâaâcurrentâen-rollmentâofâ308,377âstudents.ââCCSDâisâgovernedâbyâanâelectedâsevenâmemberâboardâofâSchoolâTrusteesârepresentingâvarious
districtsâwithinâClarkâCounty.ââTheâBoardâappointsâandâemploysâaâSuperintendentâofâSchoolsâwhoâisâresponsibleâforâtheâdayâtoâdayâoperationsâofâtheâDistrict.ââInternallyâtheâDistrictâisâalignedâintoâ3âAreaâServiceâCentersâandâ13âperformanceâzonesâmadeâupâofâ20âââ30âschoolsâembeddedâinâeachâarea.
Withâaâhighâqualityâofâlife,âlowâcostâofâliving,âandârelativelyâmildâweather,âClarkâCountyâstillâremainsâaâtopâchoiceâforârelocation;âClarkâCountyâsâoverallâpopulationâdecreasedâslightlyâinâ2011,âto-talingâjustâunderâ2âmillionâinhabitants.ââTheâCountyâdecreasedâinâsizeâbyâapproximatelyâ69,728âpeopleâfromâ2011âtoâ2012,âaâ3.4%âdecrease.
Clark County School DistrictPerformance Zones
â
8
Whileâ inâpastâyearsâClarkâCountyâhadâmaintainedâanâunemploymentârateâlowerâthanâtheânationalâaverage,âmakingâ itâ aâ desirableâ relocationâdestination,â LasâVe-gasâwasâ reportingâanâunemploymentâ rateâofâ12%âasârecentlyâasâJuneâ2012âmuchâhigherâthanâtheânationalârateâofâ8.2%âinâJuneâ2012.
Althoughâ studentâ enrollmentâ hasâ recentlyâ slowed,âmanyâschoolsâcontinueâtoâstruggleâwithâovercrowdingâasâ theâpopulationâwithinâ theâcountyâ redistributesâ it-self.ââInâaddition,âasâpartâofâbudgetâreductions,âtheâDis-trictâ eliminatedâ year-roundâ schoolsâ whichâ increasedâtheânumberâofâstudentsâinâaâschoolâatâoneâtime.â
Fiscal Year Population1Number of
SchoolsSchool
Enrollment2Unemployment
Rate3
2003 1,589,733 272 255,328 5.60%2004 1,641,529 296 268,357 4.40%2005 1,715,337 311 280,795 4.00%2006 1,815,700 317 291,329 4.30%2007 1,912,654 326 302,547 4.70%2008 1,996,542 341 308,745 5.80%2009 1,986,146 347 311,221 6.60%2010 2,006,347 352 309,442 13.90%2011 2,036,358 357 309,899 13.20%2012 1,966,630 357 308,377 12.00%
Sources: 1 Southern Nevada Consensus Population Estimate, July 20112 Clark County School District (4th Week) - Public School Enrollment Only3 Nevada Department of Employment Security
SCHOOLS AND ENROLLMENT
Inâ2011-12âschoolâyear,ââDistrictâenrollmentâhadâaâslightâde-creaseâofâ0.5%.ââTheâaccompanyingâchartsâprovideâaâtenâyearâhistoryâofâenrollment.
Overallâ enrollmentâ hadâ atâ oneâtimeâbeenâprojectedâ toâ ex-ceedâ330,000âstudentsâbyâ2013;âhowever,âwithâslowerâpopu-lationâgrowthâandâtheâlaggingâeconomy,âenrollmentâfiguresâareâexpectedâtoâremainârelativelyâflatâwithâminorâdeviationsâupâorâdown.
Theâtotalânumberâofâschoolsâcurrentlyâinâoperationâisâ357.ââBecauseâofâtheâcontinuousâconstructionâofânewâbuildingsâoverâtheâlifeâofâtheâpreviousâbondâprogram,â97âofâtheâDistrictâsâ357âschoolsâhaveâbeenâbuiltâ inâtheâlastâ10âyears.ââThisâmakesâtheâaverageâageâofâaâschoolâbuildingâjustâ23âyearsâold.ââ
â
FINANCE INITIATIVES
9
OPERATIONAL EFFICIENCY STUDY
Theâ Districtâ commissionedâ aâ thor-oughâ operationalâ efficiencyâ studyâ ofâtheâ Districtâsâ non-instructionalâ sup-portâunitsâinâ2011.ââGibsonâConsultingâwasâ hiredâ andâ performedâ theâ studyâoverâaâsixâmonthâperiod.â âTheâentireâreportâ canâbeâ foundâonlineâ atâwww.ccsd.net.ââOutâofâtheâreportâcameâsev-eralâ notedâ cost-savingâ recommenda-tionsâthatârequireâfutureâimplementa-tion.â âWhileâ stillâunderâ review,â someâinitialâproposalsâwillâgoâ intoâeffectâ inâfiscalâyearâ2013.
PERFORMANCE MEASURES / TRANSPARENCY
Asâ partâ ofâ theâ Gibsonâ OperationalâEfficiencyâ Studyâ ofâ theâ Clarkâ CountyâSchoolâDistrict,âGibsonârecommendedâtheâDistrictâalignâitsâstrategicâplanningâwithâtheâbudgetâcycleâandâtoâ reportâ performanceâmeasuresâ forâ operationalâ departmentsâandâDistrictâprograms.ââToâcomply,âtheâDistrictâhasâinitiatedâsev-eralâweb-basedâinitiativesâusingâdataâvisualizationsâtoârelayâkeyâperformanceâ indicatorsâ (KPI)â inâ anâ understandableâ format.â â Inâadditionâtoâthis,âtheâDistrictâwillâsoonâimplementâaâbudgetâvisual-izationâonâitsâwebsiteâ(shownâabove)âtoâprovideâeasyâaccessâandâaâ simple-to-navigateâ screenâallowingâend-usersâ toââdrill-downââintoâvariousâdepartmentsâandâaccountsâwithinâtheâbudgetâ.
BALANCED BUDGET
TheâRevisedâAmendedâFinalââBudgetâforâfiscalâyearâ2012âwasâap-provedâbyâtheâBoardâofâSchoolâTrusteesâonâDecemberâ7,â2011.ââThisâ balancedâGeneralâOperatingâ Fundsâ budgetâ reflectedâ totalâresourcesâofâ$2.09âbillionâincludingâtheâuseâofâgeneralâfundâbal-anceâreserves.ââTheâmainâdriverâinâtheâlossâofâfundâbalanceâwasâlargelyâdrivenâbyâlowerârevenuesâandârequiredâemployeeâsalaryâ
incrementâincreases.ââTheâbudgetâwasâbalancedâmainlyâthroughâcostâ cuttingâmeasuresâ inâ administrativeâ functions,â transporta-tion,âandâsalaryâconcessionsâfromâemployeeâgroups.
CAPITAL IMPROVEMENT/ PAYGO PROGRAM
TheâDistrictâsâ1998âbondâprogramâendedâfourâyearsâago,âbutâtheâfundingâ livesâon.â âWhileâtheâDistrictânoâlongerâhasâauthorityâtoâborrowâunderâ theâprogram,â itâ continuesâ toâ receiveâ theâ$.5534âperâ$100âinâassessedâvaluationâtoâserviceâdebtâfromâtheâprogram.âââTheâ bondâ programâ fundedâ byâ debtâ issuanceâ hasâ $241âmillionâprojectsâ inâprogress.â âTheâBoardâapprovedâaâballotâquestionâtoâputâbeforeâvotersâinâNovemberâ2012âforââaâpropertyâtaxâincreaseâtoâ beâusedâ asâ aâ pay-as-you-goâ supplementalâplanâ forâ theâ nextâ sixâyears,âuntilâaânewâbondâprogramâ canâ beâ imple-mented.
PROFESSIONAL FINANCIAL AWARDS
TheâGovernmentâFinanceâOfficerâsâAssociationâhasâawardedâCCSDâwithâtheâCertificateâofâAchievementâ forâExcellenceâ inâ FinancialâReportingâeachâyearâsinceâ1985âforâitsâCAFR.ââAsâofâtheâcurrentâyear,âtheâDistrictâbeganâ receivingâ theâ Associationâ ofâ Schoolâ BusinessâOfficialsâ (ASBO)âCertificateâ ofâ Excellenceâ inâ Financialâ Reporting.â â Bothâ awardsâ areâprestigiousânationalâawardsârecognizingâconformanceâwithâ theâhigh-estâstandardsâforâpreparationâofâstateâandâlocalâgovernmentâfinancialâreports.
â
EDUCATIONAL ACHIEVEMENTS
10
CRT TESTING
StudentsâinâtheâDistrictâshowedâimprovementsâinâreadingâandâmathematicsâonâtheâCriterionâReferenceâTestâ(CRT).âEveryâstudentâinâgradesâthreeâ throughâeightâareâ requiredâ toâ takeâ theâstateâ mandatedâ testâ eachâ year.â Districtâ stu-dentsâ inâ everyâ gradeâ levelâ showedâ improve-mentâoverâtheâpreviousâyearâandâexcelledâonâexamsâthatâwereâtougherâthanâpreviousâyears.â
NEVADA HIGH SCHOOL PROFICIENCY EXAM
Inâorderâtoâreceiveâaâstandardâhighâschoolâdiploma,âstudentsâmustâpassâallâportionsâofâtheâNevadaâHighâSchoolâProficiencyâExamina-tionâ(HSPE)âandâmeetâallâotherâdistrictâandâstateârequirements.âTheâHSPEâisâalignedâtoâNevadaâStateâContentâStandardsâadoptedâbyâtheâStateâBoardâofâEducation.âTheâHSPEâcontainsâsectionsâforâreading,âmathematics,âscience,âandâwriting.âBeginningâwithâtheâclassâofâ2010,âstudentsâmustâalsoâpassâtheâHSPEâinâscience.
Source:âNevadaâAnnualâReportsâofâAccountability
Other Financing Sources
2.39%
Sales Tax37.78%
Property Tax21.39%
Other Local3.73%
State (DSA)34.66%
Federal/Other0.05%
â
FUNDING EDUCATION
11
CCSDâisâfundedâthroughâaâcombinationâofâlocal,âstate,âfederal,âandâotherâsources.ââCCSDâusesâfundâaccountingâtoâensureâandâtoâdemon-strateâcomplianceâwithâgovernmentâaccountingâandâlegalârequirements.ââ
TheâGeneralâFundâcombinedâwithâtheâSpecialâEducationâFundâisâknownâasâtheâGeneralâOperatingâFund.ââAlthough,âtheyâareârequiredâtoâbeâreportedâseparatelyââforâexternalâpurposes,âtheyâareââgenerallyâcombinedâforâbudgetingâandâfundingâpurposes.ââ
THE NEVADA PLAN AND THE DSA
SchoolâDistrictsâinâNevadaâhaveâtheirâfundingâdeterminedâlargelyâbyâ theâstateâthroughâaâ fundingâprogramâknownâasâ theâNevadaâPlan.â â Schoolâ districtsâ receiveâ aâ basicâ supportâ guaranteeâ ofâfundingâ (weightedâ studentâenrollmentâ xâbasicâ supportâperâpu-pil)âthroughâaâcomponentâofâtheâsalesâtax,â1/3âofâtheâoperatingâpropertyâtaxârate,âandâtheâresidualâamountâthroughâstateâfundingâknownâasâtheâDistributiveâSchoolâAccountâ(DSA).
RevenueâAmountâperâStudentâLargestâschoolâDistrictsâinâtheânationSource:âNationalâCenterâforâEducationâStatistics,â2008-2009Note:âAmountsâincludeâfundingâforâcapitalâandâdebt
BUDGET REDUCTIONS
Withâ softâ revenuesâprojected,â additionalâbudgetâ cutsâwereâ re-quiredâforâfiscalâyearâ2012.ââCutsâincludedâinstructionalâsuppliesâandâtextbooksâreductions,â20%âadministrativeâdepartmentâcuts,âandâreductionsâinâstaffingâcombinedâwithânegotiatedâemployeeâsalary/benefitâ concessions.â Transportationâ budgetsâ wereâ de-creasedâ dueâ toâ theâ implementationâ ofâ aâ planâ toâ staggerâ bellâtimesâ allowingâ theâ Districtâ toâ provideâ studentâ transportationâwithâfewerâschoolâbuses.â
General Operating Fund (includes Special Education Fund)
Total Resources $ 1,986,493,587
â
RESOURCES
12
GENERAL OPERATING FUND (includes Special Education Fund)
âąâ Theâ threeâ largestâ revenueâ sourcesâ inâ theâ GeneralâFundâ areâ Salesâ Tax,â Propertyâ Tax,â andâ Stateâ Aid,âknownâasâtheâDSA.
âąâ Salesâ taxâ INCREASEDâbyâ$58âmillionâ asâ theâ tourismâindustryârebounds.â â Increasesâinâsalesâtaxâareâoffsetâbyâdecreasesâinâstateâfunding.
âąâ Propertyâ taxesâDECREASEDâbyâ $39âmillionâ asâ prop-ertyâvaluesâcontinueâtoâdecline.
âąâ OverallâDSAâ(state)âfundingâINCREASEDâbyâ$2âmillionâasâper-pupilâfundingâincreasedâforâtheâfiscalâyear.
BOND FUND
âąâ TheâtwoâmajorârevenueâsourcesâinâtheâBondâFundâareâtheâRoomâTaxâandâtheâRealâEstateâTransferâTax
âąâ TheâRoomâTaxâINCREASEDâbyâapproximatelyâ$7âmillionâfromâtheâpreviousâyearâreflectingâhigherâvisitorâvolumeâandâincreasedâroomârates.
âąâ TheâRealâEstateâTransferâTaxâDECREASEDâasâtransfersâorâsalesâofâpropertiesâhaveâdeclinedâorâflat-lined.
âąâ Bothâofâ theseâ revenuesâ areâpledgedâ toâ serviceâ â capi-tal-relatedâdebtâthroughâtransfersâtoâtheâDebtâServiceâFund.
DEBT SERVICE FUND
âąâ Theâmainârevenueâsourceâ inâtheâDebtâServiceâfundâ isâPropertyâTax
âąâ Theâ Districtâ receivesâ â $.5534â â forâ everyâ $100â inâ as-sessedâvaluationâthroughâpropertyâ taxâcollectionsâ forâcapital-relatedâdebtâservice.
âąâ Propertyâ taxâ DECREASEDâ approximatelyâ $30â millionâfromâ theâ previousâ yearâ asâ propertyâ valuesâ continueâ
theirâdecline.
SelectâGeneralâOperatingâFundâRevenueâSources
SelectâBondâFundâRevenueâSources
SelectâDebtâServiceâFundâRevenueâSources
Note:âDollarsâinâmillions
Note:âDollarsâinâmillions
Note:âDollarsâinâmillions
59
19
66
18
0
10
20
30
40
50
60
70
Roomâtax Realâestateâtransfer
2011
2012
693â
464â
687â751â
425â
689â
-
100â
200â
300â
400â
500â
600â
700â
800â
Salesâtax Propertyâtaxes StateâAid
2011
2012
348
318
200
240
280
320
360
400
Propertyâtaxes
2011
2012
â
EXPENDITURES
13
âą Instruction includesâallâactivitiesâdealingâdirectlyâwithâtheâ interactionâ betweenâ teachersâ andâ students,â in-cludingâtheâactivitiesâofâaidesâorâclassroomâassistantsâwhichâassistâinâtheâinstructionalâprocess.
âą Student support â includesâ activitiesâdesignedâ toâ as-sessâandâimproveâtheâwell-beingâofâstudentsâandâsup-plementâteaching.
âą Staff supportâ includesâ activitiesâ associatedâwithâ as-sistingâ theâ instructionalâ staffâ withâ theâ contentâ andâprocessâ ofâ providingâ learningâ experiencesâ forâ stu-dents.â
âą General administration includesâactivitiesâconcernedâwithâestablishingâandâadministeringâpolicyâinâconnec-tionâwithâoperatingâtheâDistrict.
ââą School administrationâ includesâ activitiesâ concernedâ
withâoverallâadministrativeâresponsibilityâforâaâschool.ââThisâ includesâ principals,â assistants,â andâ clericalâ staffâinvolvedâinâtheâsupervisionâofâoperationsâatâaâschool.
âą Central servicesâ includesâ activitiesâ thatâ supportâ ad-ministrativeâ andâ instructionalâ functionsâ suchâ asâ ac-counting,âbudgeting,âhumanâresources,âplanningâandâinformationâtechnology.
âą Operation and maintenance of plant servicesâ in-cludesâactivitiesâconcernedâwithâkeepingâtheâphysicalâschoolsâandâassociatedâadministrativeâbuildingsâopen,âcomfortable,âandâsafeâforâuse.ââUtilities,âmaintenance,âgrounds,âcustodialâandâsecurityâservicesâareâincludedâhere.â
Where the money goes
General Operating Fund Total Expenditures / Transfers $ 2,006,131,618
GENERAL OPERATING FUND % Increase/EXPENDITURES (Decrease)(dollars in thousands) FY 12 FY 11 from FY 11
Instruction 1,201,146$ 1,235,435$ â2.78%Student support 98,715 95,587 3.27%Instructional staff support 88,108 97,363 â9.51%General administration 19,889 22,822 â12.85%School administration 182,631 177,462 2.91%Central services 52,051 55,394 â6.03%Operation and maint. of plant services 262,668 264,219 â0.59%Student transportation 98,674 100,759 â2.07%Facilities acq. and construction services 21 â100.00%
Expenditures 2,003,882 2,049,062 â2.20%
Other financing uses Transfers Out 2,251 â 100.00%
TOTAL EXPENDITURES/ OTHER FINANCING USES 2,006,133$ 2,049,062$ â2.10%
âą Student transportation includesâactivitiesâconcernedâwithâtheâconveyanceâofâstudentsâtoâandâfromâschool,âasâprovidedâbyâstateâandâfederalâlaw.ââItâincludesâtripsâbetweenâhomeâandâschoolâasâwellâasâtripsâtoâschoolâactivities.
âą Transfers outâ isâ conveyingâ financialâ resourcesâ fromâoneâfundâtoâanother.
DEFINITIONS
Instruction 59.9%
Student support 4.9%
Instructional staff support
4.4%
General administration
1.0%
School administration
9.1%
Central services2.6%
Operation and maintenance of plant
services 13.1%
Student transportation
4.9%Transfers out
0.1%
â
GOVERNMENT-WIDE FINANCIAL STATEMENTS
14
Statement of Net Assets(dollars in millions)
2012 2011 2012 2011 2012 2011
Current Assets 1,201$ 1,509$ 42$ 34$ 1,243$ 1,543$ NonâCurrent Assets 4,840 4,889 10 10 4,850 4,899 Total assets 6,041 6,398 52 44 6,093 6,442
Current Liabilities 392 728 2 2 394 730 NonâCurrent Liabilities 3,760 3,763 1 1 3,761 3,764 Total liabilities 4,152 4,491 3 3 4,155 4,494
Net Assets:Invested in capital assets, net of related debt 1,364 1,208 10 10 1,374 1,218 Restricted 504 579 â â 504 579 Unrestricted 21 120 39 31 60 151 Total net assets 1,889$ 1,907$ 49$ 41$ 1,938$ 1,948$
GovernmentalActivities
Businessâtype Activities Total
TheâGovernment-wideâfinancialâstatementsâincludeâtheâStatementâofâNetâAssetsâandâtheâStatementâofâActivitiesâwhichâprovideâaâbroad,âlong-termâoverviewâofâCCSDâsâfinance.ââTheseâfinancialâstatementsââreportâinformationâonâtheâDistrictâsimilarâtoâprivateâsectorâaccount-ingâwithâallâgovernmentalâfundsâconsolidatedâasâGovernmentalâActivitiesâandâtheâDistrictâsâFoodâServiceâEnterpriseâFundâasâaâBusiness-typeâActivity.
TheâStatementâofâNetâAssetsâ(below)âprovidesâinformationâonâallâofâCCSDâsâassetsâandâliabilities,âwithâtheâdifferenceâbetweenâtheâtwoâreportedâasânetâassets.ââIncreasesâorâdecreasesâinânetâassetsâservesâasâaâusefulâindicatorâofâwhetherâtheâfinancialâpositionâofâtheâDistrictâisâimprovingâorâdeteriorating.
âą The Districtâs governmental activities net assets DECREASED by approximately $18 million.
âą Decreases were mainly due to reductions in property tax revenues and federal funding re-flected in reductions in cash and investments (current assets).
âą Business-type activities (Food Service) net assets INCREASED by approximately $8 million.
âą Growth was due to increased participation by students partially related to increases in the free and reduced population and programs such as universal breakfast.
â
DEBT
15
BOND RATINGS
AâbondâorâcreditâratingâisâaâratingâgivenâtoâtheâdebtâobligationsâofâtheâDistrictâasâassignedâbyânationally-recognizedâstatisti-calâratingâorganizations.âTheâletterâdesignationârepresentsâtheâqualityâofâtheâbonds;âtheâhigherâtheârating,âtheâlessâriskâaâpotentialâinvestorâassumes.ââTheâDistrictâreceivedâtwoâdowngradesâasâitâpreparedâtoârefundâdebtâinâtheânextâfiscalâyear.âââWhileâtheâDistrictâremainsâonâânegativeââoutlookâwithâS&P,âbothâMoodyâsâandâFitchâhaveârevisedâtheirâoutlookâtoââstableâ.
DEBT SERVICE
Theâ Districtâ issuesâ generalâ obligationâ bondsâ toâ provideâproceedsâforâtheâDistrictâsâconstructionâandâmodernizationâprogramâ andâ forâ otherâmajorâ capitalâ acquisitions.â TheseâbondsâareâdirectâobligationsâandâpledgeâtheâfullâfaithâandâcreditâofâtheâDistrict.âTheâDebtâServiceâFundâservicesâallâofâtheâbondsâpayable.âTheâDistrictâalsoâissuesâgeneralâobliga-tionâdebtâthatâ isâadditionallyâsecuredâbyâaâpledgeâofâpro-
ceedsâofâtaxesâdepositedâinâtheâDistrictâsâBondâFund.âTheâDistrictâ receivesâ theâproceedsâofâ aâ1â5/8%â roomâ taxâ col-lectedâwithinâClarkâCountyâandâthisârevenueâisâreflectedâinâtotalâinâtheâBondâFund.âFollowingâareâtheâannualârequire-mentsâtoâpayâallâgeneralâobligationâbondsâoutstandingâatâyear-end.
CCSD DEBT RATINGS
Risk Moodyâs S&P FitchHighest Quality Aaa AAA AAAHigh Quality Aa1 AA+ AA+
Aa2 AA AAAa3 CCSD AAâ CCSD AAâ
Upper Medium Grade A1 A+ A+ CCSDA2 A AA3 Aâ Aâ
Medium Grade Baa1 BBB+ BBB+Baa2 BBB BBBBaa3 BBBâ BBBâ
Summary of Debt Service(dollars in millions)
TotalFiscal Year Principal Interest Requirements2013 321$ 174$ 495$ 2014 336 158 494 2015 343 141 484 2016 314 124 438 2017 281 108 389 2018â22 1,160 348 1,508 2023â27 757 106 863 2028 43 2 45
Totals 3,555$ 1,161$ 4,716$
â
CAPITAL PROJECTS
16
1998 / 2010 CAPITAL IMPROVEMENT PLANâAsâofâ Juneâ30,â2012,âfundsâremainâfromâtheâ1998âvoter-ap-provedâbondâprogramâandâtheâ2010âinterimâcapitalâimprove-mentâ planâ (issuedâ throughâ qualifiedâ schoolâ constructionâbonds).
Theâscheduleâ toâ theâ leftâoutlinesâprogrammedâconstructionâcommitmentsâasâofâJuneâ30,â2012.
Belowâisâaâbreakdownâbyâprogram.
Programmed/Commitmentsâ(inâthousands)
1998âCapitalâImp.âPlanâââââââââââââââââââââââââââââââââââ$195,4752010âInterimâCapitalâImp.âPlanâââââââââââââââââââââ$ââ46,386
TOTALâCapitalâProjectâCommitmentsâââââââââââ$241,861
Withâfundingâforâcapitalâprojectsâdryingâupâandâwithoutâanyâad-ditionalâ capacityâ orâ authorityâ toâ bondâ againstâ futureâ propertyâtaxârevenues,âonâNovemberâ6,â2012âClarkâCountyâvotersâwillâbeâaskedâ toâ approveâ aâ ballotâ questionâ forâ aâ schoolâ improvementâcapitalâlevyâtiedâtoâtheâpropertyâtax.
TheâproposedââPay-As-You-GoââPlanâ(PAYGO)âwouldâprovideâes-sentialâschoolârenovationsâandârepairsâforâfailingâsystems,âinclud-ingâHVAC,âelectricalâsystems,ânetworkingâandâotherâmajorâneedsâatâ42âexistingâschools,âreplaceâtwoâschoolsâandâbuildâtwoâschoolsâforâareasâexperiencingâexcessiveâovercrowding.â
Projectsâwouldâbeâfundedâbyâaâ21Âąâincreaseâonâpropertyâtaxâforâupâtoâsixâyears,âcostingâ$6.19âaâmonthâforâtheâaverageâhomeown-erâwithâ anâ assessedâ valuationâ ofâ $100,000.â Theâ planâ providesâaâ Pay-As-You-Goâ (PAYGO),â fiscally-responsibleâ wayâ toâ financeâschoolâ constructionâ projects.â Projectsâ wouldâ beâ completedâ asârevenuesâareâaccumulated,âmeaningânoâborrowingâandânoâpay-mentâofâ interest.â â Thisâadditionalâ capitalâ fundingâwouldâ termi-nateâ inâ2018âactingâasâaââbridgeââuntilâ theâDistrictâwouldâhaveâtheâcapacityâandâfurtherâvoterâapprovalâtoâbondâagainstâpropertyâtaxârevenues.
SCHOOL NAME OR PROJECT TOTAL PROGRAMMED
NEW /REPLACEMENT SCHOOLS 46,396,730
MODERNIZATION OF EXISTING SCHOOLS
PORTABLE CLASSROOMS 533,746
FURNITURE AND EQUIPMENT REPLACEMENT 4,200,000
ELEMENTARY SCHOOLS:
1998 Capital Improvement Plan 45,588,319
2010 Interim Capital Improvement Plan 22,693,266
MIDDLE SCHOOLS
1998 Capital Improvement Plan 4,990,011
2010 Interim Capital Improvement Plan 6,806,938
HIGH SCHOOLS
1998 Capital Improvement Plan 19,023,667
2010 Interim Capital Improvement Plan 13,960,243
VARIOUS SCHOOL SITES
1998 Capital Improvement Plan 3,050,000
2010 Interim Capital Improvement Plan 1,564,115
MODERNIZATION CONTINGENCY BALANCE 23,179,000
LAND ACQUISITION 23,340,513
BUS SATELLITE (NW) 11,246,553
ADMINISTRATIVE EXPENSE
1998 Capital Improvement Plan 13,926,796
2010 Interim Capital Improvement Plan 1,361,316
TOTAL CAPITAL PROJECTS INâPROGRESS 241,861,213$
43,000+ students directly benefit100âs of major projects
40 or more existing schools21Âą property tax increase
$6 /mo./home with assessed valuation of $100k6 year duration
0 use for other purposes0 continuance without future voter approval
2012 âPAY-AS-YOU-GOâ CAPITAL IMPROVEMENT PLAN BALLOT QUESTION
â
ACADEMIC PROGRAMS
17
COMMON CORE STANDARDS
CommonâCoreâStandardsâwereâadoptedâbyâtheâStateâofâNevadaâDepartmentâofâEducationâinâOctoberâ2010âandâtheâDistrictâhasâbegunâtheâtransitionâawayâfromâtheâNevadaâStateâContentâStan-dardsâtoâtheânewâmodel.ââCurrentlyâ45âstates,âincludingâNevada,âhaveâ adoptedâ theâ curriculumâ standardsâthatâwillâhelpâensureâthatâstudentsâunder-standâgrade-appropriateâconceptsâinâliter-acyâandâmathematics.ââTheâstandardsâwillâmakeâstudentâachievementâconsistentâandâcomparableâfromâstateâtoâstate.
THE GROWTH MODEL
Theâ Nevadaâ Growthâ Modelâ providesâ aâpercentileâ comparativeâ toâ measureâ howâmuchâstudentsâhaveâimprovedâinâacadem-icâperformanceâoverâtime,âratherâthanâsim-plyâwhetherâheâorâsheâpassedâaâtest.âItâan-swersâtheâquestion,â"Howâmuchâprogressâinâ statewideâ assessmentsâ didâ aâ studentâorâgroupâofâstudentsâmakeâinâoneâyear,âasâcomparedâtoâtheirâacademicâpeersâacrossâtheâ state?"â Examiningâ studentâ academicâgrowthâ willâ helpâ districtsâ andâ schoolsâ toâbetterâ planâ learningâ experiencesâ toâ helpâmoreâ studentsâ achieveâ higherâ levelsâ ofâacademicâperformance.â
SCHOOL PERFORMANCE FRAMEWORK (SPF)
Theâ SPFâ providesâ anâ overallâ scoreâ andâ performanceâ levelâ forâeveryâschool.â âBecauseâanâexcellentâschoolâ isâmoreâthanâ justâaâtestâscore,âotherâperformanceâindicatorsâareâtakenâintoâaccount.ââOnceâanâoverallâscoreâ isâcalculatedâforâaâschool,â theâschoolâre-
ceivesâaâmarkâthatâfallsâintoâoneâofâfiveâcategories.ââTheyâare:â5âstars,â4âstars,â3âstars,â2âstars,âandâ1âstar.ââElementary,âmiddle,âandâhighâschoolsâareâheldâtoâtheâsameâstandard,âinâtermsâofâhowâmanyâpointsâareâneededâtoâearnâeachâcat-egoryâdesignation,âbutâareâevaluatedâusingâdifferentâcrite-ria.ââTheâSPFâwillâhelpâschoolsâimproveâsoâthatâallâstudentsâareââReadyâByâExitâ.ââTheâendâresultâisâtoâbuildâalignedâsys-temsâ thatâhelpâ theâDistrictâ reachâ itsâ goalâofâallâ studentsâbeingââReadyâByâExitââ forâcollege,âcareer,âorâ theâmilitaryâwithoutâtheâneedâforâremediation.
Schools that earn 5 stars are provided autonomy by the District
Schools that earn 1 star will receive differentiated support
â
18
HIGH SCHOOL GRADUATION INITIATIVE
HSGI,â aâ dropoutâ preventionâ andâ re-entryâ programâ focusedâ onâprovidingâongoingâsupportâ forâstudentsâat-riskâofâdroppingâoutâandâtheirâfamilies,âservesâsixteenâschoolsâandâtheirâlargestâfeederâmiddleâschool.â âTheâhighâschoolsâwereâselectedâbasedâonâtheirâdropoutârateâinâcomparisonâtoâtheâstateâaverage.â
HSGIâisâmadeâupâofâtwoâmainâcomponents.ââYouthâExperiencingâSuccessâ (YES)â isâ aâ pro-gramâ forâ studentsâ whoâhaveâ factorsâ thatâ putâthemâatâriskâofâdroppingâoutâ includingâ truancy,âcreditâ deficiencies,â andâlowâgradeâpointâaverage.ââTheâ secondâ componentâisâ theâBackâonâTrackâ re-entryâ program,â whichâtargetsâ studentsâ whoâhaveâ alreadyâ droppedâoutâ ofâ school.â Socialâworkersâprovideâsupportâforâ studentsâ andâ theirâfamilies.â
â Asâ aâmeansâ ofâ helpingâstudentsâ overcomeâ obstacles,â developâ resiliencyâ andâ acquireâotherâneededâskills,âtheâschoolâsocialâworkersâfacilitateâsupportâgroups.ââUsingâcurricularâmaterialsâsuchâasâWhyTryâandâ7âHabitsâofâHighlyâSuccessfulâTeens,âsocialâworkersâbringâsmallâgroupsâofâstudentsâtogetherâonâaâweeklyâbasis.â âTheseâgroupsâprovideâanâopportunityâforâstudentsâtoâdiscussâissuesâandâproblemsâandâof-ferâstrategiesâtoâhandleâandâsolveâthem.
TRUANCY DIVERSION PROGRAM
Aâ collaborativeâ effortâ betweenâ CCSDâandâ theâ Eighthâ Districtâ Judicialâ Court,âisâ aimedâ atâ decreasingâ absenteeismâandâ providingâ supportâ toâ studentsâ at-riskâofâdroppingâoutâofâschool.â â Judgesâvolunteerâtheirâtimeâtoâconductâweeklyââcourtââ sessionsâ atâ theâ schools.â â Stu-dentsâatâ riskâofâdroppingâoutâattendâ theâcourtâ sessionsâduringâwhichâtheâjudgeâreviewsâattendance,âgrades,âandâteacherâprog-ressânotes.ââJudgesâutilizeâaâpointâsystemâtoârewardâstudentsâforâtheirâachievements.â âStudentsâwhoâreachâ100âpointsâandâshowâimprovementâ inâ gradesâ andâ attendanceâ areâ honoredâ withâ aââgraduationââceremonyâatâtheâendâofâtheâsession.â
ClarkâCountyâSchoolâDistrictâprovidesâaâlocationâwithinâtheâschoolâtoâholdâcourtâsessions,âincentivesâandârewards,âfieldâtripsâinclud-ingâ transportationâ andâ admissionâ fees,â summerâ schoolâ tuitionâforâstudentsâ inâtheâprogram,âbrochuresâ inâEnglishâandâSpanish,âgeneralâsupplies,âbooksâforâstudentsâandâparents,âandâextra-dutyâpayâforâafterâschoolâtutoring.ââSchoolsâprovideâsnacksâforâtutor-ingâandâforâcourtâsessions.ââSchoolâsocialâworkersâsitâinâonâcourtâsessionsâatâeachâschoolâatâleastâoneâtimeâperâmonthâtoâprovideâsupportâtoâfamiliesâduringâcourtâsessionsâ(forâlessâinvolvedâcases)âorâonâaâreferralâbasis.ââ
TheâCourtâprovidesâJudgesâforâeachâschool,âincludingâaârobeâandânameâplaque.ââInâaddition,âaâcoordinatorâisâprovidedâtoâoverseeâtheâprogram.â âFourâfamilyâadvocatesâserveâ inâelevenâofâtheâfif-teenâschools.âTheâcourtâhasâaâ relationshipâwithâK-Mart,âwhereâpurchasesâsuchâasâpersonalâitemsâandâfood,âcanâbeâmade.
â
IN THE NEWS
19
58 local students are semifinalists in National Merit Scholarship Program
AsâreportedâbyâtheâLasâVegasâReview-Journal,â58âlocalâse-niorsâ areâ semifinalistsâ inâ theâ NationalâMeritâ Scholarshipâcompetition,âplacingâ themâamongâ theâ smartestâoneâper-centâ ofâ America'sâ highâ schoolâ studentsâbasedâ onâ theirâ PSATâ scores.â Thisâ isâ upâfromâtheâ46âsemifinalistsâinâClarkâCountyâlastâyear,âaccordingâtoâtheâR-J.
300+ teachers take part in ârespect-ful cultureâ conference
Moreâthanâ300âteachersâtookâpartâinâtheâ2012âCross-CulturalâInstituteâConferenceâatâtheâTexasâStationâonâJuneâ21âandâ22â,â2012,âhostedâbyâCCSDâsâEquityâandâDiver-sityâEducationâdepartment.âTheâthemeâofââCreatingâaâRespectfulâCultureââfeaturedâanâ anti-bullyingâ messageâ showcasingââToeâ Tagâ Monologues,ââ aâtheatricalâ productionâ pre-sentingâ realâ lifeâ andâ deathâsituationsâ thatâ childrenâface,â suchâ asâ drugâ abuse,âteenâpregnancy,âdrunkâdriv-ing,âgangâviolence,âteenâsui-cideâandâbullying.â
Nevada receives grant to develop system for mea-suring student achieve-ment
Nevadaâ Departmentâ ofâEducationâ wasâ awardedâ aâ$4â millionâ grantâ fromâ theâInstituteâ ofâ Educationâ Sci-encesâtoâdevelopâaâsystemâtoâmeasureâindividualâstudentâachievementâoverâtime.âAccordingâtoâtheâNevadaâNewâBu-reau,âNevadaâisâoneâofâtwoâdozenâstatesâtoâreceiveâfundingâforâtheâstatewideâLongitudinalâDateâSystems.â
CCSD celebrates student achievement, holds inaugu-ral summer commencement
TheâClarkâCountyâSchoolâDistrictâ(CCSD)âtodayâheldâitsâfirstâsummerâcommencementâceremonyâatâtheâLasâVegasâAcad-emyâofâInternationalâStudies,âPerformingâandâVisualâArts.â
Theâ ceremonyâ celebratedâ theâ accomplish-mentsâofâstudentsâwhoâpossessedâtheâdeter-minationâ toâ completeâ theâ necessaryâ creditârequirementsâ andâ remainingâ Nevadaâ HighâSchoolâ Proficiencyâ Examsâ duringâ theâ sum-merâ toâ earnâ highâ schoolâ diplomas.â Thisâ ef-fortâcontinuesâtheâDistrictâsâgoalâtoâincreaseâstudentâachievementâandâ isâoneâmoreâstepâinâ theâ transformationâ ofâ CCSDâ goingâ fromâtheâfastestâgrowingâtoâtheâfastestâimprovingâschoolâdistrict.â
InâJune,âtheâDistrictâannouncedâthatâaâsum-merâgraduationâwouldâbeâheldâtoâhonorâtheâstudentsâwhoâstayedâtheâcourseâandârefusedâtoâ giveâ up.â Dueâ toâ theâ effortsâ ofâ students,âparents,âteachers,âstaff,âtheâcommunityâandâtheâsuccessâofâtheâDistrictâsâinterventionâef-
forts,âapproximatelyâ230âstudentsâwalkedâacrossâtheâstage.âAnotherâ84âstudentsâearnedâtheirâdiplomasâoverâtheâsum-merâandâoptedâtoâparticipateâ inâtheirâschool'sâ Juneâcom-mencementâceremony.
â
GLOSSARY OF TERMS
20
Assets -âResourcesâwithâpresentâserviceâcapacityâthatâtheâgovernmentâpresentlyâcontrols.â
Budget -âAâplanâofâfinancialâoperationâembodyingâanâesti-mateâofâproposedâexpendituresâforâaâgivenâperiodâorâpur-poseâandâtheâproposedâmeansâofâfinancingâthem.â
Bond -âAâwrittenâpromise,âgenerallyâunderâseal,âtoâpayâaâspecifiedâsumâofâmoney,âcalledâ theâ faceâvalue,âatâaâfixedâtimeâ inâ theâ future,â calledâ theâ dateâ ofâmaturity,â andâ car-ryingâinterestâatâaâfixedârate,âusuallyâpayableâperiodically.âTheâdifferenceâbetweenâaânoteâandâaâbondâisâthatâtheâlat-terâusuallyârunsâforâaâlongerâperiodâofâtimeâandârequiresâaâgreaterâlegalâformality.â
Capital outlays -âExpendituresâwhichâresultâinâtheâacquisi-tionâofâorâadditionâtoâfixedâassets.â
Expendituresâ -â Thisâ includesâ totalâ chargesâ incurred,âwhetherâpaidâorâunpaid,âforâcurrentâexpense,âcapitalâout-lay,âandâdebtâservice.â
Fiscal Year -âAâtwelve-monthâperiodâofâtimeâtoâwhichâtheâannualâbudgetâappliesâandâatâtheâendâofâwhichâaâlocalâedu-cationâagencyâdeterminesâitsâfinancialâpositionâandâtheâre-sultsâofâitsâoperations.âTheâDistrictâsâfiscalâyearârunsâfromâJulyâ1âthroughâJuneâ30.
Functionâ-âAsâappliedâtoâexpenditures,âthisâtermâreferenc-esâtheâaccumulationâofâcostsâassociatedâwithâaâtypeâofâser-viceâorâactivityâsuchâasâInstruction,âSchoolâAdministration,âPlantâMaintenance,âandâOperation.âTheâDistrictâadheresâtoâNevadaâRevisedâStatutesâforâtheâcodingâofâallâexpenditures.âThisâcodingâisâconsistentânationallyâandâenablesâcompari-sonsâofâexpenditureâcategoriesâofâschoolâdistrictsâthrough-outâtheânation.â
Fund -âAâfiscalâandâaccountingâentityâwhichâisâcomprisedâofâaâself-balancingâsetâofâaccountsâwhichâreflectâallâassets,âliabilities,âequity,ârevenuesâandâexpendituresâ(orâexpenses)ânecessaryâtoâdiscloseâfinancialâpositionâandâtheâresultsâofâoperations.âFundsâareâestablishedâasâindividualâentitiesâinâorderâtoâsegregateâfinancialârecordsâforâpurposesâofâ legalâcompliance,âdifferentânaturesâofâtheâactivitiesâperformed,âmeasurementâ ofâ differentâ objectives,â andâ toâ facilitateâmanagementâcontrol.â
Fund Accountingâ -âAccountingâwherebyânonprofitâorga-nizationsâandâorganizationsâ inâtheâpublicâsectorâareâmea-suredâbyâaccountabilityâ insteadâofâprofitability.âTheseâor-ganizationsâhaveâaâneedâforâspecialâ reportingâtoâfinancialâstatementsâ usersâ thatâ showâhowâmoneyâ isâ spent,â ratherâthanâhowâmuchâprofitâwasâearned.
Fund Balanceâ -âNetâpositionâofâaâgovernmentâfundâ(dif-ferenceâ betweenâ assets,â liabilities,â deferredâ outflowsâ ofâresources,âandâdeferredâinflowsâofâresources).
Fund Financial Statements -âBasicâfinancialâstatementsâpresentedâforâfunds,âinâcontrastâtoâgovernment-wideâfinan-cialâstatements.â
Governmental fundsâ-âFundsâgenerallyâusedâtoâaccountâforâ tax-supportedâ activities.â â Theseâ includeâ theâ generalâfund,âspecialârevenueâfunds,âdebtâserviceâfundsâandâcapitalâprojectsâfunds.
Government-wide financial statements -â Financialâstatementsâthatâincorporateâallâofâaâgovernmentâsâgovern-mentalâandâbusiness-typeâactivities,âasâwellâasâitsânonfidu-ciaryâcomponentâunits.â
Liabilities -âPresentâobligationsâtoâsacrificeâresourcesâthatâtheâgovernmentâhasâlittleâorânoâdiscretionâtoâavoid.â
Long-Term Debt -âDebtâwithâaâmaturityâofâmoreâthanâoneâyearâafterâtheâdateâofâissuance.â
Program -âTheâdefinitionâofâanâeffortâtoâaccomplishâaâspe-cificâ objectiveâ orâ objectivesâ consistentâwithâ fundsâ orâ re-sourcesâavailable.âBudgetsâandâactualârevenueâandâexpen-ditureârecordsâmayâbeâmaintainedâperâprogram.â
Revenuesâ-âAdditionsâtoâtheâassetsâofâaâfundâduringâaâfis-calâperiodâthatâareâavailableâtoâfinanceâtheâfundâsâexpendi-turesâduringâtheâfiscalâyear.â
Taxesâ-âCompulsoryâchargesâleviedâbyâaâgovernmentalâunitâforâ theâ purposeâ ofâ financingâ servicesâ performedâ forâ theâcommonâbenefit.â