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Report No. 9839, District School Board 9839 STATE OF FLORIDA OFFICE OF THE AUDITOR GENERAL • S. APPROVED OPd________ - --- BOOK ____ 1 -- — PACE �.Q3— *** MONROE COUNTY *** DISTRICT SCHOOL BOARD FOR THE FISCAL YEAR ENDED JUNE 30, 1979 9839 STATE' OF FLORIDA OFFICE OF THE AUDITOR GENERAL Report on Audit of the Accounts of the MONROE COUNTY DISTRICT SCHOOL BOARD For the Fiscal Year Ended June 30, 1979 Dated: March 20, 1981 darv4O sA."VA STATE OF FLORIDA "r I. i D F OFFICE OF THE AUDITOR GENERAL Tallahassee, Florida ERNEST ELLISON.C.P A. March 20, 1981 AUDITOR GENERAL The Legislative Auditing Committee of the Legislature and the Governor of Florida Pursuant to the provisions of Section 11 .45, Florida Statutes, I have directed that an audit be made of the accounts and records of the MONROE COUNTY DISTRICT SCHOOL BOARD For the Fiscal Year Ended June 30, 1979, Par. No. and present this report thereon. (1) The objectives of this audit were: (1) to express an opinion on the financial statements for the fiscal year ended June 30, 1979, do (2) to report s, that may and rbeatters determinedlbyd byy1 Section 1.45(6) (c) , Florida Statute audit tests. PERSONNEL (2) The personnel of the Board was as follows: District No. Joseph T. Thompson, Jr. , Chairman 1 E. H. "Johnny" Walker 2 Thomas S. Fouts to 11-20-78 3 Gerald E. Adair from 11-21-78 3 Roger L. Swift, Vice-Chairman 4 Ruth Alice Campbell 5 Dr. Armando J. Henriquez, Superintendent 1 Par. No. SCOPE AND OPINION (3) We have examined the financial statements of the Monroe County District School Board for the fiscal year ended June 30, 1979, listed on pages 15 and 16. Except as noted in the following paragraph, our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. (4) A substantial portion of the revenue, $671,024. 77, of the Special Revenue Funds relating to food service operations resulted from cash sales of food to students, faculty, and staff. Due to material weaknesses in internal control it was not practicable to satisfy ourselves with respect to such revenues beyond amounts reported as received. (5) In our opinion, except for the effects, if any, of the matter discussed in the preceding paragraphs, relating to food service revenue the aforementioned financial statements present fairly the financial position of the Monroe County District School Board at June 30, 1979, and the results of its financial operations for the year ended, in conformity with generally accepted accounting principles applied on a consistent basis. FINANCIAL MANAGEMENT - GENERAL (6) Prenumbered receipts were assigned by the finance department to the schools for internal fund collections and to the Vocational- Technical Adult Education Department for the collection of fees for adult education courses and for the sale of books. Receipt blanks assigned were not reconciled to the receipt blanks reported as issued, voided, or on hand. (7) Monthly reports of depository balances and estimated highest balances for the ensuing months required by Section 136. 02(2) , Florida Statutes, were properly prepared and filed with the Clerk of the Circuit Court. (8) The withdrawal of funds from the Board' s depository accounts was made by check or warrant in the manner prescribed by law. (9) Comments regarding weaknesses in accounting controls and procedures over cash receipts for meal sales are under the heading, SPECIAL REVENUE FUNDS, Food Service. Time Deposit and Investment Practices ( 10) The Board invested idle funds with local banks in interest- bearing time deposits. Written competitive interest rate quotations were obtained for time deposits in order to secure maximum interest rates. Annual interest rates ranged from 6. 75 to 11.00 percent. Interest earned was computed and credited quarterly as required by Section 136.04, Florida Statutes. 2 Par. No. (11) Interest earned on investments during the 1978-79 fiscal year, by major fund group, is shown in the following tabulation: Major Fund Group Interest Income from Investments Made Locally: $159, 038.02 General Fund 2 Special Revenue Funds 038 .41, 459.00 Debt Service Funds 3,432.22 Capital Projects Funds Interest Income from Investments of Board Funds Held by the State: 37 886.77 Debt Service Funds 6 886.77 Captial Projects Funds Total $248, 742 . 60 Budget Administration (12) In general, budgets were prepared and adopted in compliance with applicable laws and regulations. However, the budget for 1978-79 was approved by the Board 20 days after the deadline specified by State Board of Education Rule 6A-1.071(3) , Florida Administrative Code. Budget amendments were approved by the Board and the Department of Education. Revenues (13) Our examination of direct Federal grants-in-aid funds was made in accordance with the General Accounting Office STANDARDS FOR AUDIT OF GOVERNMENTAL ORGANIZATIONS, PROGRAMS, ACTIVITIES AND FUNCTIONS and generally accepted auditing standards established by the American Institute of Certified Public Accountants. During fiscal year 1978-79, the Board received the following funds direct from the Federal Government: Amount Program Received Federal Impact, Current Operation $1,054, 778. 57 Refuge Revenue Sharing Act: 28, 639 .00 Key Deer National Wildlife Refuge Emergency School Aid Act: Bilingual: 57, 802 .00 1978-79 1977-78 146,254. 00 Total $1,287, 473 . 57 3 Par. No. ( 14) Funds provided from Federal through State and State sources are summarized in the following tabulation: • Source Total Federal State Through State General Fund $ $5, 033, 165. 42 $5, 033, 165. 42 Special Revenue Funds 803, 495 . 10 837,852 . 73 1, 641, 347.83 Debt Service Funds 399, 961. 72 399,961. 72 Capital Projects Funds 394,913 . 67 394,913 . 67 Total $803, 495. 10 $6, 665, 893 .54 $7, 469,388. 64 ( 15) Most of the revenues received from the Federal Government through the State were from the National School Lunch and Child Nutrition Act, Elementary and Secondary Education Act, Comprehensive Employment Training Act (CETA) , and Vocational Education Act. ( 16) State funds received for current operations were primarily from the Florida Education Finance Program (FEFP) administered by the State Department of Education under the provisions of Section 236. 081, Florida Statutes. In accordance with this law, the Board filed school principals' reports of full-time equivalent student membership with the Department of Education. The Department of Education accumulated information from these reports and calculated the allocations of FEFP funds. The Department of Education, after review and verification of the school principals' reports and supporting documentation, may during subsequent fiscal periods adjust the allocation of FEFP funds which were received during the audit period. ( 17) Revenues from local sources consisted primarily of the district school tax and collections for meal sales to students, faculty, and staff. ( 18) Millages and taxes levied for school purposes on the 1978 tax roll are shown below: 1978 Mills Amount General Fund: Nonvoted School Tax 7. 45 $8, 171, 528. 59 The millage was within amounts authorized by Section 236.25(1) , Florida Statutes. 4 Par. No. Personnel and Payroll Administration (19) Salary payments were adequately supported and made in accordance with salary schedules adopted by the Board. Members of the instructional staff were paid in accordance with their contracts and the salary schedules. Deductions for retirement and social security were correctly calculated and promptly remitted. (20) Board members were compensated in accordance with Chapter 145, Florida Statutes. (21 ) The Superintendent' s compensation was governed by Section 145.08, Florida Statutes, and was correctly calculated and paid. (22) On July 27, 1978, the Board approved the payment of $900 tuition per quarter for four quarters for the Superi1979aethetBoardo ain a PhD. in Administration and Education. On July 9, approved the payment of "$900 tuition per quarter for two additional quarters, possibly one. " Neither the Board nor the Superintendent has cited to us any statutory authority which either expressly or by necessary implication renders the payment of tuition of the Superintenaent a proper expense of the Board. Accordingly, we recommend that the Superintendent repay to the Board the amount of the tuition expense, unless and insofar as it can be shown that the expense, or some portion of it, was properly borne by the Board. (23) The Superintendent in his written response to paragraph 22, above, enumerated several reasons as to why it was beneficial to the Board and its educational program to pay tuition to further his education. However, the Superintendent is an elected official whose duties, responsibilities, and compensation in this capacityha are es setfby law. In the absence of specific authorizing legislation, public funds to underwrite an elected official' s doctoral program does not appear to serve a proper public purpose. Since the parameters of the so-called "School Board Home Rule Statute" (Section 230. 03 (2) , Florida Statutes) referred to by the Superintendent have not been judicially determined as yet, we recommend that the Board seek an advisory opinion from the Attorney General or otherwise,el whether dsaido statute authorizes a school board, by contract things which are not otherwise authorized by law. (24) Qualifications and job descriptions were adopted by the Board for all positions of employment. • (25) Leave was taken in accordance with policies adopted by the Board pursuant to Chapter 231, Florida Statutes, and the State Board of Education Rules. (26) Storage facilities used for personnel records did not meet the fire protection requirements of State Board of Education Rule 6A-1 . 69(3) , Florida Administrative Code. The Superintendent, in his response to similar findings in prior audit reports, has stated that • storage facilities meeting the requirements of the rule mentioned above will be provided in the new administration building We 5 Par. No. observed that as of August 1980 the new administration building, although under construction, was not completed. Purchasing Practices (27) Most purchases were made pursuant to purchase orders signed by the Superintendent or administrative employees of the Board. Purchase orders were not issued for perishable food products purchased by the food service department. (28) Pursuant to the provisions of State Board of Education Rule 6A-1. 12, Florida Administrative Code, the Board was required to request bids from three or more sources for any authorized purchase exceeding $3, 000. During the course of our examination we noted the following purchases which were not made pursuant to competitive bids: 1. Fertilizer purchased on voucher No. 8091 at a cost of $3, 686. 55. 2 . Building materials purchased for various day labor projects: Asphalt Roof Shingles $ 3, 827. 90 Framing Lumber 7,340. 16 Plywood 22,013 .58 Although in most instances individual purchases of items listed above did not exceed $3,000, the preparation and/or review of cost estimates by Board personnel would have disclosed that the total cost of needed building materials would have exceeded $3, 000. The Superintendent states in his written response to paragraph 28, item No. 2, above, that quotes were called for from vendors for these materials at the beginning of the renovation work. If this is the case, no mention was made or evidence presented of the quotes having been requested at the time the matter was discussed with the Superintendent on August 14, 1980. If the quotes referred to by the Superintendent were verbal, the Superintendent should have taken steps to document the same in the public records of the Board. 3. Liquid propane gas purchases during the 1978-79 fiscal year totaled approximately $20, 000. The Board' s records did not disclose any evidence that such purchases were made pursuant to the provisions of State Board of Education Rule 6A-1. 12(7) , Florida Administrative Code. The Superintendent in his written response to paragraph 28, item No. 3, above, suggests that additional costs to the District would result by calling for bids annually for the liquid propane gas. However, State Board of Education 6A-1 . 12(7) , Florida Administrative Code, waives bid requirements for the purchase of petroleum 6 Par. No. and paper products, but only when the Board has requested bids and has made a finding that no valid or acceptable firm bid has been received within the prescribed time. The Attorney General in opinion No. 075-310 states that " . a legislative directive as to the manner in which a thing is to be done impliedly prohibits its being done in any other way. " We were shown no evidence that the above conditions were met. (29) The Board made numerous payments to consultants during the audit period. Written agreements were not of record to show the nature and extent of services to have been provided by each consultant together with the terms and amount of compensation. Purchase orders were prepared for most consultant services; however, those documents did not describe the services in sufficient detail to permit a determination of the extent to which services actually received agreed with those required of the consultants. We recommend that all consultant services be purchased pursuant to written agreements which describe the services to be provided in sufficient detail as to permit a comparison with service actually received, together with the terms and amount of compensation for consultant services. (30) The Board made two payments totaling $4,397. 15 to a firm of private attorneys. The payments covered charges for professional fees in the amount of $3, 910, and $487 . 15 for various expenses incurred on behalf of the Board. Invoices supporting those payments showed the dates professional services were rendered and a brief description of services provided; however, there was neither indication of the hours consumed nor the rates charged for services rendered. Invoices showed a description of expenses incurred on behalf of the Board, the dates incurred and amounts for each type; however, the Board did not of record receive documentation supporting claims for expense reimbursements. In the absence of sufficient information neither Board employees nor we could verify the correctness of amounts charged to or paid by the Board. (31) The Board contracted with the Guidance Clinic of the Upper Keys for certain counseling and guidance services to students in matters of mental health. Payments to the Guidance Clinic totaled $9,990 during the audit period. The specific nature and extent of services to be furnished were not shown in the contract. Monthly invoices from the Guidance Clinic did not disclose the nature and extent of services furnished. In the absence of records showing specifically the nature and extent of services to be furnished, neither employees of the Board nor we could determine whether the Board had received all services to which it was entitled under the contract. Also, the basis relied upon by the Board in approving the invoices for payment was not apparent. The Attorney General in opinion No. 068-12, dated January 25, 1968, ruled that vouchers for payment of public funds submitted or to be sumbitted to the paying agency should contain sufficient information for the paying agency, or its preauditors or officials and the postauditor to determine whether the requested payment is authorized by law. 7 Par. No. Travel (32) Travel expense reimbursements were usually made at rates authorized by Section 112 .061, Florida Statutes; however, in at least 14 instances per diem allowances paid were in excess of amounts allowable based on the length of travel periods reported. Overpayments ranged from $2 .50 to $26.25. In at least 13 instances travel expense reimbursements included claims for telephone charges but there was no documentation showing the authorized public purpose of such calls. Telephone expense reimbursements ranged from $2 . 91- to $17.94. (33) The Superintendent in his written response to paragraph 32, above, suggests that per diem allowances paid in excess of amounts allowable result from differences of interpretation as to the manner in which the travel period is computed. If this is the case, the difference the Superintendent has reference to must be a maximum of one minute; otherwise, the methods used to compute the travel period are the same. (34) Some payments for travel expenses were made prior to the reported dates on which travel was actually made. Such payments were supported by travel expense claim forms which showed the anticipated time periods that travel was to be made together with a calculation of the expenses allowable. Written travel reports were not submitted of record after travel was actually made to show the extent, if any, to which actual travel expenses differed from estimated expenses. (35) The Board conducted a principals' workshop at the Ocean Reef Club in Key Largo during August 1978. Each Board employee who attended the workshop was charged a registration fee of $25. Registration fees collected were remitted to the Ocean Reef Club but the Board did not obtain either invoices or receipts for monies remitted. The Board made reimbursements to its employees for registration fees. Since the workshop was sponsored by the Board primarily for the benefit of its employees, it does not appear to be appropriate for the Board to assess a registration fee to its employees and turn the proceeds over to a third party without obtaining any documentation as to the services covered. While the registration fees as to Board employees may have been an appropriate Board expense, payment to the Ocean Reef Club should have been made by Board warrant pursuant to an itemized invoice, evidencing the nature and extent of services provided in exchange for such payment. (36) Controls over gasoline credit cards were not adequate. Board records did not show the quantity of cards received from each petroleum company. The Board did not of record limit the authorized use of those cards to specific employees. In some instances the names of employees to whom credit cards were assigned were not of record. The Board' s preaudit procedures included a comparison of delivery tickets with invoices submitted by the petroleum companies. 8 Par. No. Although preaudit procedures over billings appeared generally adequate, internal control over gasoline purchases would be improved if the Board entered into its records the quantity of gasoline credit cards received from each company, the names of employees specifically authorized to use those cards, and the names of employees to whom cards are assigned. Insurance (37) Insurance was obtained pursuant to competitive bids whenever practicable. Coverage appeared adequate and complied with legal requirements. Workers' compensation coverage was provided on a self- insurance basis with a purchased specific and aggregate workers' compensation insurance policy to provide additional coverage for any excessively large claims. Workers' compensation claims were processed by the Board' s insurance service agent pursuant to a contract approved by the Board on July 13, 1978, which provided for an estimated fee of $19,045. Adequate workers' compensation claims files which included supporting documentation for compensation payments were maintained by the Board. Financial Reports (38) Annual financial statements required by State Board of Education Rule 6A-1 .071, Florida Administrative Code, were prepared, approved by the Board, and filed with the Commissioner of Education. Other Reports (39) The Board prepared and filed a Food Service Special Revenue Interim Report for the 1978-79 fiscal year as required by Federal regulations; however, some of the amounts shown on that report differed from corresponding amounts shown on the Superintendent' s Annual Financial Report. We were advised by Board personnel that the Superintendent' s Annual Financial Report was prepared from computerized accounting records on file in the Board' s finance department and that the Food Service Special Revenue Interim Report was based on manually prepared accounting records prepared by employees assigned to the food service accounting office. Differences between amounts shown on the computerized records and corresponding amounts shown on the manually prepared records existed because some transactions were posted to one record but omitted from the other. A review of the specific accounts affected disclosed that, after adjustment for food inventories at June 30, the Superintendent' s annual financial report fairly presented the financial position and operating transactions of the Special Revenue Funds - Food Service except for the effects, if any, of the deficiencies in internal control applicable to cash sales. We recommend that Board employees compare amounts shown on the computerized records with corresponding amounts shown on the manually prepared records and reconcile any differences prior to preparation of its required financial reports. 9 Par. No. Accounting System and Financial Records (40) The financial records and accounts generally were in accordance with the instructions issued by the Department of Education in its publication, A MANUAL. . . FINANCIAL AND PROGRAM COST ACCOUNTING AND REPORTING FOR FLORIDA SCHOOLS. (41) Source documents consisting of collections and disbursements batch summary sheets and journal voucher sheets submitted to the data processing department for recording transactions to the financial accounts did not contain evidence of review and approval by appropriate supervisory personnel . We recommend that employees who supervise the preparation of such source documents review and approve those documents prior to their submission to the data processing department. (42 ) Perpetual inventory records were maintained at the following locations: stores and distribution warehouse, maintenance department, transportation department and school food service department. The following deficiencies were noted in records and accounting controls pertaining to inventories of materials and supplies: 1. In numerous instances the quantities of items issued from stock were not posted to the perpetual inventory records. This occurred mainly in the transportation department. 2. Adjustments to perpetual inventory records and corresponding inventory control accounts were not of record reviewed and approved by an appropriate Board employee. (43) The failure to post to the perpetual inventory records quantities of some items issued from stock coupled with the absence of review and approval of adjustments to perpetual inventory records could allow the unauthorized removal of stock items from the Board' s warehouses without a reasonable probability of detection. Even in the absence of unauthorized use, the failure to record transactions results in the incorrect recording and reporting of the utlimate use of Board assets. All quantities of items issued from stock should be posted to the appropriate perpetual inventory records, and offsetting entries made simultaneously to appropriate expense or asset accounts. Documentation for all adjustments to perpetual inventory records should be prepared, approved by an appropriate supervisory employee, and retained in the Board' s public records. Minutes (44) The minutes of Board meetings were generally well kept and appeared to include all official actions of the Board pursuant to Section 230.23(1) , Florida Statutes. Minutes were Available for public inspection as required by Section 286.011, Florida Statutes. 10 Par. No. Internal Funds (45) The Board, under the provisions of State Board of Education Rule 6A-1.87, Florida Administrative Code, has the responsibility for the administration and control of internal funds. In addition, the Board is responsible for providing an annual audit of these funds by a qualified auditor. Therefore, the internal funds are not included in the scope of this audit. An audit was made of the internal funds for the 1978-79 fiscal year by an independent certified public accountant; however, the accountant did not of record provide the Board with a report of audit findings. The audit report furnished to the Board consisted only of a series of financial statements. State Board of Education Rule 6A-1 . 87, Florida Administrative Code, requires each auditor of internal funds to submit a signed written report to the Board disclosing any instances of failure to comply with requirements of Florida Statutes, State Board of Education Regulations, and policies of the School Board, together with a commentary concerning financial management and irregularities. We recommend that the Board request its independent auditor to provide a report of audit findings in accordance with the above-mentioned rule. SPECIAL REVENUE FUNDS Food Service (46) Lunches were served at all 16 public schools in Monroe County during the 1978-79 fiscal year. Breakfast programs were provided at ten of those schools. State Board of Education Rule 6A-7 . 42(2 ) (a)6. , Florida Administrative Code, requires each school not having a breakfast program to conduct a survey at the beginning of each school year for the purpose of determining the potential participation in such a program. Records provided for audit showed that surveys were conducted at four of the six schools without breakfast programs. Surveys were not of record conducted at the other two schools. The State Board of Education rule mentioned above further requires that the survey results together with recommendations from principals of the respective schools concerning the implementation of breakfast programs be presented to the Board for its actions. Board minutes did not show any evidence that any survey results and accompanying recommendations were presented to the Board. (47) A substantial portion of the revenue, $671, 024. 77, reported for food service operations cn the accompanying financial statements resulted from cash sales of food to students, faculty, and staff. Internal controls over the collection of these revenues were not adequate in that: 11 Par. No. 1. Prenumbered receipts or tickets were not issued for some collections. 2. The duties of collecting cash and the preparation of corresponding reports of food sales were not segregated. 3 . In some instances daily reports of food sales did not show register readings or amounts of overages and shortages. The Superintendent in his written response to item No. 1, above, states that where a roster system is used, prenumbered receipts are unnecessary and would be unmanageable. I agree with the Superintendent; however, the comment had reference to those collections in which neither a register nor a roster system was used. (48) Because of the absence of some records evidencing food sales and since the duties of collecting monies for food sales and the preparation of corollary data were not sufficiently segregated at some schools, we could not verify the correctness of food sales beyond the amounts reported as collected. We recommend that the Board require in all cases the preparation of records evidencing food sales and that the duty of preparing those records be assigned to individuals who do not make cash collections to the extent which is practicable within present staffing levels. (49) The Board provided meals to two local children' s day care centers; however, there were no agreements of record to show the prices to be charged for those meals. Consequently, we could not verify the correctness of prices charged to the day care centers. While the provision of meals to these organizations may well serve a useful purpose, the legal author:ty for the Board to sell these meals was not apparent from a review of the Board' s records. We recommend that the Board make a determination of record as to the specific law or Rule of the State Board of Education which authorizes the Board to sell meals to benefit private or public (nonprofit) child care centers. (50) The Superintendent, in his written response to paragraph 49, above, indicates that since the majority of the preschool students will be in the public schools eventually, the Board should provide them meals at the same cost as of that in the regular K-12 programs. However, the Superintendent did not provide any guidance as to what authority existed under State law for the Board to enter into such agreements. In view of the Superintendent' s response, we suggest this matter be reviewed with appropriate personnel of the State Department of Education. Other (51) Various Comprehensive Employment and Training Act (CETA) subgrants awarded to the Board were audited by two certified public accounting firms. Audit reports (on file with the Board as public records) for the period June 1, 1974, to September 30, 1977, dated July 21, 1978, and for the period June 15, 1977, to September 30, 12 Par. No. 1978, dated March 28, 1980, discussed various deficiencies in procedures regarding the administration of the CETA programs, and listed questioned costs totaling $47,311 and $2, 399, respectively. Board personnel, in written response to these findings, provided additional information and explanations for the questioned costs and indicated that the recommendations of the auditors would be complied with. In a memorandum dated January 15, 1979, the Executive Director of the South Florida CETA Consortium indicated that the questioned costs for the period June 1, 1974, to September 30, 1977, had been reduced to $5,049. On March 27, 1979, the Board refunded this amount to the South Florida Employment and Training Consortium. As of August 28, 1980, a final determination had not been made as to the $2,399 questioned in the audit report dated March 28, 1980. We recommend that the Board make better efforts in the future to comply with requirements for proper procedures and records to support expenditures from CETA funds. DEBT SERVICE FUNDS State Board of Education/ COBI Bonds (52) These bonds were issued by the State Board of Education on behalf of the Board under Section 9(d) , Article XII , of the Constitution of the State of Florida. The State Department of Education is responsible for administering the debt service and reserve requirements of these binds. $1,500, 000 Special Act Certificates of Indebtedness, Dated June 1, 1966 (53) A portion of the Board' s racetrack funds authorized under Chapters 550 and 551, Florida Statutes, was pledged to pay the principal and interest on these bonds. Debt service payments were made and reserve requirements were met. $2, 750, 000 District Bonds, Dated August 1, 1955 (54) The Board retired its indebtedness under this bond issue during fiscal year 1975-76. A balance of $179, 847.23 remained in this fund at June 30, 1979 . We recommend that the Board authorize, by resolution, the transfer of this balance to the district school fund in accordance with Section 236. 56, Florida Statutes. CAPITAL PROJECTS FUNDS (55) Project files for the Board' s capital projects were generally complete and well maintained. Separate project ledgers were kept for each project. Payments to architects and contractors were made in accordance with contract terms. 13 • Par. No. (56) There were no major construction projects in progress during the 1978-79 fiscal year which were financed from capital outlay funds. The cost of remodeling buildings to house the Board' s administrative offices was paid from monies accounted for in the General Fund. GENERAL FIXED ASSETS GROUP OF ACCOUNTS (57) The amounts invested in land and buildings and fixed equipment were recorded on subsidiary ledger account cards which were posted on a current basis and balanced with the general ledger control accounts. (58) Audit tests indicated that tangible personal property records generally complied with the provisions of Chapter 274, Florida Statutes, and the rules issued pursuant thereto. GENERAL LONG-TERM DEBT GROUP OF ACCOUNTS (59) The Board did not incur any new long-term debt during the audit period. (60) Details of outstanding bond issues are shown on exhibit H. STATEMENT FROM AUDITED OFFICIAL (61) In accordance with the provisions of Section 11 .45(6) (d) , Florida Statutes, a list of audit findings was submitted to the Board. The Superintendent' s response to the audit findings included in this report is shown on exhibit K. (62) In his response the Superintendent submitted and made reference to several documents which constitute public records of his office. These documents are not reproduced in this report. 14 EXHIBITS The following exhibits are attached to and form a part of this report: Combined Section EXHIBIT - A Combined Balance Sheet - All Funds. General Fund EXHIBIT B-1 Balance Sheet. EXHIBIT B-2 Statement of Revenues, Expenditures, and Transfers. EXHIBIT B-3 Statement of Changes in Fund Balance. Special Revenue Funds EXHIBIT C-1 Balance Sheet. EXHIBIT C-2 Statement of Revenues, Expenditures, and Transfers. EXHIBIT C-3 Statement of Changes in Fund Balance. Debt Service Funds EXHIBIT D-1 Balance Sheet. EXHIBIT D-2 Statement of Revenues and Expenditures. EXHIBIT D-3 Statement of Changes in Fund Balances. Capital Projects Funds EXHIBIT E-1 Balance Sheet. EXHIBIT E-2 Statement of Revenues, Expenditures, and Transfers. EXHIBIT E-3 Statement of Changes in Fund Balances. General Fixed Assets EXHIBIT - F Statement of General Fixed Assets. 15 General Long-Term Debt EXHIBIT - G Statement of General Long-Term Debt. EXHIBIT - H Combined Schedule of Bonds Payable. Other EXHIBIT - I Summary of Significant Accounting Policies. EXHIBIT - J Notes to Financial Statements. EXHIBIT - K Statement from Audited Official. Respectfully submitted, (Signed) Ernest Ellison, C.P.A. Auditor General Audit supervised by: (Signed) Willard G. Hale Audit made by: (Signed) James A. Bell 16 a 81c g aid 6 i- - E an m y a 6 x �� w 0_1 H «, mr:66co `moo LL¢ orme 8 8co e mo` Oau m Of — m 0 co a - av� 0 m ON 0 z 0 A 0 as ° or 0 n0LL - Zmwm N¢ w N O wm 002 • - Uiw0 mod m$ w -MO N. oyzm mom am N zo< ' ride' 0-a' a n Mmm caw ci co m0 w aw z m E mom m &n LD E - 0m a6 °No OO Nry C08 nO - my§ w -N N w o o Ell zn Ej ND cm w jno W we Oa cmaw- amm uo' nnn` a' acma -▪ vtmE EOmo - 0 EE 4 ! E - ao - m▪ e deOEu- E fE0 'O 'O 0 Q a OF¢0 —CO 00 0 17 88 8 • 8 E\\ 00 . \ \ \ ; ! ; \)) . 0) 0) 0) : : m en e.- 00 _ /\ - ^ 9 \ } \ // ulm 0o no � ( / \ \ \ 40 - I ° ` - 201 \ - - 40 MO \ / \ ! ea , : , CO ,; , :I / i MONROE COUNTY EXHIBIT B-1 DISTRICT SCHOOL BOARD GENERAL FUND BALANCE SHEET June 30, 1979 ASSETS Cash $2,439,746.86 Taxes Receivable 290,358.10 Accounts Receivable 27.587.64 Due from Other Funds: Due from Budgetary Funds 49,787.15 Due from Internal Funds 6,650.99 Inventory 214,737.98 Other Current Assets: Due from Other Agencies 17,724.18 Interest Receivable 112,833.88 TOTAL ASSETS $3,159,426.78 LIABILITIES, RESERVES,AND FUND BALANCE Liabilities: Accounts Payable $ 80,042.20 Due to Other Funds: Due to Budgetary Funds 43.463.38 Payroll Deductions and Withholdings 33,633.48 Total Liabilities 157.139.06 Reserves: Reserve for Insurance Loss Recoveries 9,216.67 Fund Balance: Reserve for Encumbrances 243,011.72 Unappropriated Fund Balance 2,750,059.33 Total Fund Balance 2,993,071.05 TOTAL LIABILITIES, RESERVES, AND FUND BALANCE $3.159.426.78 The accompanying summary of significant accounting policies and notes to the financial statements are an integral part of this statement. 19 EXHIBIT B-2 MONROE COUNTY DISTRICT SCHOOL BOARD GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, AND TRANSFERS For the Fiscal Year Ended June 30, 1979 Final Actual Over (Under) Budget Revenues Budget Revenues Federal Direct Department of HEW: Federal Impact, Current Operation $ 1,056,466.00 $ 1.054.778.57 $ Other Federal Direct: (1.687.43) Key Deer Refuge Receipts 40,734.00 28,639.00 (12,095.00) Total Federal Direct 1,097,200.00 1,083,417.57 (13,782.43) State Sources: Florida Education Finance Program 5,030,282.00 3.946.394.00 (1,081,888.00) Adult Community Instructional Services 38.715.00 38,715.00 Capital Outlay and Debt Service Withheld for Administrative Expenses 4,686.63 4,686.63 Categorical State Sources: Comprehensive Health Education 14,029.25 14,029.00 (.25) Community School Program 48,000.00 48,000.00 Instructional Materials 105,678.00 103,995.00 (1,683.00) Student Development Services 96,169.00 95,225.00 (944.00) Transportation 360.896.00 323.020.00 (37,876.00) Education Improvement Grants 23,180.00 23,180.00 Compensatory Education 116,431.00 116,431 00 Other State Racing Commission Funds 93,250.00 93,250.00 State License Tax 80,000.00 158,409.79 78,409.79 Miscellaneous State 65,830.00 65,830.00 Total State Sources 6,077,146.88 5,033,165.42 (1,043,981.46) Local Sources: District School Taxes Tax Redemptions 7,361,308.00 7,951,696.62 590,386.62 Payment in Lieu of Taxes 13,018.15 13,018.15 Tuition 76.951.00 76,951.00 Rent 5,442.00 2.500.00 (2,942.00) Interest, Including Profit on Investments 1,000.00 3,218.27 2,218.27 Gifts, Grants, and Bequests 10,000.00 159.038.02 149,038.02 Miscellaneous Local Sources: 13.155 70 13,155.70 Receipt of Federal Indirect Cost Rate 47,876.20 47,876.20 Other Local Sources 50,000.00 69,225.70 19,225.70 Total Local Sources 7,427,750.00 8,336,677.66 908,927.66 Total Revenues 14,602,096.88 14,453,260.65 (148,836.23) Remittances from Others: Remittances from Other Agencies 36,664.00 36,66400 Nonrevenue Sources: Sale of Fixed Assets 10,574.02 10,574.02 Total Revenues, Remittances,and Nonrevenue Receipts $14,638,760.88 14,500,498.67 $ (138,262.21) Rol/ w { ! \ 2(t 222§\§)4 ! ; ! ! !i!i )! ! ° | I . , /)\\\j\/ \ ( \ \ { , / ; - §\} } ! ! 1 : ° ! _ . « 1-M \ } \\/ 8 \ I \\§ \ \\- \ } i I . ` ` ^ ) { /\§Q \b\ } ) §| } \ | ) \\j\ a\ j ! } \ / % }}} wti \ \\\ \} }\ :; \;\ \ W. } EXHIBIT B-3 MONROE COUNTY DISTRICT SCHOOL BOARD GENERAL FUND STATEMENT OF CHANGES IN FUND BALANCE For the Fiscal Year Ended June 30, 1979 Fund Balance. July 1. 1976 $2,604,556.45 Add: Excess of Revenues. Remittances. and Nonrevenue Receipts Over Expenditures, Remittances, and Transfers 404,090.32 Total Balance and Additions 3,008,646.77 Deduct: Adjustments to Decrease Fund Balance 15,575.72 Fund Balance, June 30, 1979 $2,993,071.05 The accompanying summary of significant accounting policies and notes to the financial statements are an integral part of this statement. 22 MONROE COUNTY EXHIBIT C-1 DISTRICT SCHOOL BOARD SPECIAL REVENUE FUNDS BALANCE SHEET June 30, 1979 Food Service Other Total ASSETS Cash $ 41,322.73 $ 84,071.20 $125,393.93 Accounts Receivable 36,493.33 77 383.89 113,877.22 Due from Other Funds: Due from Budgetary Funds 980.82 980.82 Inventory 123,746.89 123,746.89 Due from Other Agencies 7,090.96 16,197.84 23,288.80 TOTAL ASSETS $208,653.91 $178,633.75 $387,287.66 LIABILITIES AND FUND BALANCE Liabilities' Accounts Payable $ 2.152.00 $ 2,940.95 $ 5,092.95 Construction Contracts Payable 53,048.00 53,048.00 Due to Budgetary Funds 50,767.97 78,758.62 129,526.59 Due to Other Agencies 27,372.49 27,372.49 Total Liabilities 52,919.97 162,120.06 215,040.03 Fund Balance: Reserve for Encumbrances 38,492 16 38,492.16 Unappropriated Fund Balance 155,733.94 (21,978.47) 133,755.47 Total Fund Balance 155,733.94 16,513.69 172,247.63 TOTAL LIABILITIES AND FUND BALANCE $208,653.91 $178,633.75 $387,287.66 The accompanying summary of significant accounting policies and notes to the financial statements are an integral part of this statement. 23 EXHIBIT C-2 MONROE COUNTY DISTRICT SCHOOL BOARD SPECIAL REVENUE FUNDS FOOD SERVICE STATEMENT OF REVENUES, EXPENDITURES, AND TRANSFERS For the Fiscal Year Ended June 30, 1979 Final Actual Over (Under) Budget Revenues Budget Revenues Federal Through State: National School Lunch Act $ 655,000.00 $ 645,270.03 $ (9,729.97) State Sources' Food Service Supplement 35,000.00 32,573.97 (2,426.03) Local Sources: Interest, Including Profit on Investments 459.30 459.30 Food Services 661,800.00 671,024.77 9,224.77 Miscellaneous Local Sources 51.86 51.86 Total Local Sources 661,800.00 671,535.93 9,735.93 Total Revenues 1,351,800.00 1,349,379.93 (2,420.07) Incoming Transfers 12,734.65 12,734.65 Total Revenues and Transfers $1,364,534.65 1,362,114.58 $ (2,420.07) 24 • MONROE COUNTY EXHIBIT C-2 DISTRICT SCHOOL BOARD (Continued) SPECIAL REVENUE FUNDS OTHER STATEMENT OF REVENUES, EXPENDITURES, AND TRANSFERS For the Fiscal Year Ended June 30. 1979 Final Actual Over (Under) Budget Revenues Budget Revenues Federal Direct: Other Miscellaneous Federal Direct $ 161,254.00 $ 158,225.07 $ (3,028.93) Federal Through State: Vocational Education Acts 51,291.18 34,512.11 (16,779.07) Comprehensive Employment and Training Act(CETA) 106,345.03 80,259.74 (26,085.29) Elementary and Secondary Education Act (ESEA) 820,452.44 646,030.66 (174,421.78) Adult Basic Education 12,279.27 7,807.30 (4,471.97) Nutritional Education and Training Process 3,075.00 (3,075.00) Other Federal Through State 34,536.33 12,854.80 (21,681.53) Education for All Handicapped 34,433.00 23,814.15 (10,618.85) Total Federal Through State 1,062,412.25 805,278.76 (257,133.49) Local Sources. Prior Year Refund 135.90 135.90 Total Revenues 1,223,666.25 963,639.73 (260,026.52) Remittances from Others 1,189,874.00 915,962.28 (273.911.72) Incoming Transfers 154,156.00 136,834.28 (17,321.72) Total Revenues, Remittances, and Transfers $2,567,696.25 2,016,436.29 $(551,259.96) 25 s . at ao tc Ul nth ci as u5g to w St i j/\ / / 26 ts ot Et to o j ! A _ \ - ! j§\\ §§( } ! ( \ w § \) \} \ T. \( \ ` / /j\ \ §\ { } a _ v. ` - ! n. o 1 $1! ::1 !{ };;1 } w { } H : \ 2kit tins }i ! ! I V EXHIBIT C-3 MONROE COUNTY DISTRICT SCHOOL BOARD SPECIAL REVENUE FUNDS STATEMENT OF CHANGES IN FUND BALANCE For the Fiscal Year Ended June 30, 1979 Food Service Other Total Fund Balance. July 1, 1978 $166,111.51 $54,904.76 $221,016.27 Deduct: Deficiency of Revenues and Transfers Over Expenditures and Transfers 5,182.64 145.27 5,327.91 Adjustments to Decrease Fund Balance 5,194.93 38,245.80 43,440.73 Total Deductions 10,377.57 38,391.07 48,768.64 Fund Balance, June 30, 1979 $155,733.94 $16,513.69 $172,247,63 The accompanying summary of significant accounting policies and notes to the financial statements are an integral part of this statement. 28 MONROE COUNTY EXHIBIT D-1 DISTRICT SCHOOL BOARD DEBT SERVICE FUNDS BALANCE SHEET June 30, 1979 Total SBE/ Special District COBI Act Bonds Bonds Bonds 1955 ASSETS Cash $ 665,087.90 $ $485,240.67 $179,847.23 Investments 443,541.39 443,541.39 TOTAL ASSETS $1,108,629.29 $443,541.39 $485,240.67 $179,847.23 FUND BALANCE Unappropriated Fund Balance $1,108,629.29 $443,541.39 $485,240.67 $179,847.23 The accompanying summary of significant accounting policies and notes to the financial statements are an integral part of this statement. 29 EXHIBIT D-2 MONROE COUNTY DISTRICT SCHOOL BOARD DEBT SERVICE FUNDS STATEMENT OF REVENUES AND EXPENDITURES For the Fiscal Year Ended June 30, 1979 Final Actual Over (Under) Budget Revenues/ Budget Expenditures STATE BOARD OF EDUCATION/COBI BONDS Revenues: CO & DS Withheld for SEE Bonds $232,074.95 $232,074.95 $ SBE Bond Interest 37,886.77 37,886.77 Total Revenues 269,961.72 269,961.72 Expenditures: Redemption of Principal 115,000.00 115,000.00 Interest 154,060.00 154,060.00 Dues and Fees 65.08 65.08 Total Expenditures 269,125.08 269,125.08 Excess of Revenues Over Expenditures $ 836.64 $ 836.64 $ SPECIAL ACT BONDS Revenues: Racing Commission Funds $130,000.00 $130,000.00 $ Interest on Investments 31,016.05 31,016.05 Total Revenues 130,000.00 161,016.05 31,016.05 Expenditures. Redemption of Principal 60,000.00 60,000.00 Interest 48,250.00 45.937.50 (2,312.50) Dues and Fees 2,000.00 706.99 (1,293.011 Total Expenditures 110,250.00 106,644.49 (3,605.51) Excess of Revenues Over Expenditures $ 19,750.00 $ 54,371.56 $34,621.56 DISTRICT BONDS 1955 Revenues Interest on Investments $ 10,300.00 $ 10,299.99 $ (.01) Expenditures Excess (Deficiency)QI Revenues Over Expenditures $ 10,300.00 $ 10,299.99 $ (.01) The accompanying summary of significant accounting policies and notes to the financial statements are an integral part of this statement 9 30 MONROE COUNTY EXHIBIT D-3 DISTRICT SCHOOL BOARD DEBT SERVICE FUNDS STATEMENT OF CHANGES IN FUND BALANCES For the Fiscal Year Ended June 30, 1979 Total SBE/ Special District COBI Act Bonds Bonds Bonds 1955 Fund Balances, July 1, 1978 $1.043.121.10 $442,704.75 $430,869.11 $169,547.24 Add: Excess of Revenues and Transfers Over Expenditures 65,508.19 836.64 54,371.56 10,299.99 Fund Balances, June 30, 1979 $1,108,629.29 $443,541.39 $485,240.67 $179,847.23 a The accompanying summary of significant accounting policies and notes to the financial statements are an integral part of this statement. 31 m;! > , :_ 0, : : 4 ;f # § § Z E§§ ( r ®! ; ! - - w ' co m co to oo at at fa „ ! :; . m - \ . / ( { \ :; amcCecanbi 0 ( - _-r_ 0 § } \\\\� �� \CO EN� \ ee co ci \ \ gi \ e^ \ \ . \ \ \el N N El 32 MONROE COUNTY EXHIBIT E-2 DISTRICT SCHOOL BOARD CAPITAL PROJECTS FUNDS STATEMENT OF REVENUES, EXPENDITURES, AND TRANSFERS For the Fiscal Year Ended June 30, 1979 r Final Actual Over (Under) Budget Revenues/ Budget Expenditures CAPITAL OUTLAY AND DEBT SERVICE Revenues: Distributed to Districts $ 26.841.07 $ 75.680.42 $ 48,839.35 Interest on Undistributed CO & DS 6,610.25 6,610.25 Interest on Investments 3,432.22 3,432.22 Total Revenues 26,841.07 85,722.89 58,881.82 Expenditures Excess of Revenues Over Expenditures $ 26,841.07 $ 85,722.89 $ 58,881.82 4 ' PEBA 1976 Revenues $ $ $ Expenditures. Capital Outlay' Buildings and Fixed Equipment 72,239.61 8.561.47 (63,678.14) Land Improvements 35,094.12 14,625.20 (20,468.92) Remodeling 233,029.64 58,935.03 (174,094.61) Total Expenditures 340,363.37 82,121 70 (258,241.67) Excess (Deficiency) of Revenues Over Expenditures $(340,363.37) $(82,121.70) $ 258,241.67 PEBA 1977 Revenues $ $ $ Expenditures: Capital Outlay: Buildings and Fixed Equipment 11,000.00 (11,000.00) Furniture, Fixtures, and Equipment 18,915.87 3,240.68 (15,675.19) Land Improvements 98,600.00 667.93 (97.932.07) Remodeling 63.487.00 1.058.94 (62,428.06) Total Expenditures 192,002.87 4,967 55 (187,035.32) Excess (Deficiency) of Revenues Over Expenditures $(192,002.87) $ (4,967.55) $ 187,035.32 PEBA 1978 Revenues $ $ $ Expenditures: Capital Outlay: Remodeling 216,194.00 60,000.00 (156,194.00) Excess (Deficiency) of Revenues Over Expenditures $(216,194.00) $(60,000.00) $ 156,194.00 33 EXHIBIT E-2 MONROE COUNTY (Continued) DISTRICT SCHOOL BOARD CAPITAL PROJECTS FUNDS STATEMENT OF REVENUES. EXPENDITURES, AND TRANSFERS For the Fiscal Year Ended June 30, 1979 Final Actual Over (Under) Budget Revenues/ Budget Expenditures PEBA 1979 Revenues $ 312,623.00 $312,623.00 $ Expenditures: Capital Outlay Remodeling 31,262.00 (31,262.00) Excess of Revenues Over Expenditures $ 281,361.00 $312,623.00 $ 31,262.00 COW 1974 Revenues Expenditures Excess of Revenues Over Expenditures $ $ $ CSC (OLD) Revenues Expenditures Excess of Revenues Over Expenditures $ $ $ LCI Revenues $ $ $ Expenditures Capital Outlay Furniture, Fixtures, and Equipment 1,885.80 1,885.80 Deficiency of Revenues Over Expenditures $ (1,885.00) $ (1,885.00) $ The accompanying summary of significant accounting policies and notes to the financial statements are an integral part of this statement. 34 \ ! \ ' .- - CO CO 0 b . ( \ \ 0 l 8 I ) 888 \ 4 G\ \ \ \ \ Cu 0 0 \ ni - \ ! \ \ \ ) ] \ \ ) } \ EXHIBIT- F MONROE COUNTY DISTRICT SCHOOL BOARD STATEMENT OF GENERAL FIXED ASSETS June 30, 1979 GENERAL FIXED ASSETS Land $ 2,703,776.21 Buildings and Fixed Equipment 21,071,887.95 Furniture, Fixtures. and Equipment 2,380,203.48 Motor Vehicles 943,730.20 TOTAL $27,099.597.84 INVESTMENT IN GENERAL FIXED ASSETS $27,099.597.84 The accompanying summary of significant accounting policies and notes to the financial statements are an integral part of this statement. 36 0 9 0 0 0 0 r c- 8 8 0 8 m E N 1.6 U' '. Z a w w `x «n x w o N 0 0 001 O ci Op pO 8O ii V U C N' N O O •p N 0a0 N S O t N0. m y a 8 M O 4' 61 0 coID a N Co 73 a or d O9 m m N_ o N of Q m - n m cm• y H co W d A 1- M w O 0 0 N O O o uo W m D N a O O N N h N r ¢ mom o v m N N m ❑W be N N» W e of W o_r Qco r Q Z N 0 O 0 O C m D J QJ m m O 0 O O O d 0Q -I m A (0 CaO 0 0 0 t 0< p nl - 6 5 Lei 6 o W U W M r - N aN m to ONZd be e- of m o w e e w oc Z 00o Q¢w a ErQ co N_r cn QU _ W 2 O w a ✓ 0 a < w c ✓ mH 0 `n Om LL W 0 J O m0 CC m o o III O. > co 6 Le of c m w a el cc c., u or com LL = a. m a- W w m0 0 y z <LL m pJ > -0a f Q O F < N d j CO la a'6 N Q GIW f Zz n o < m U E Cu w � E Z E to d a a O = JLL o 9 < F• J N si c o I- 0 < cn Q Z a a` z Z u w a w _° w 0 n a G2 i0 0 f $ „ w E f <' o < < c 0 o jLL c at w E LL Q m W = < O) f= 0 0 ~O w o o ~0 r <� a < r m -. m I- r 37 0' 00 0 0 0 1- cm Ug O c o m cmd Oo 8 0 0 = O "ym Ovi i(1 o x m ?CD mm m 0 m w 0 mry N m w 00 0 0 0 E D v j m o p 8 0 6 6 V c - m O O O O O mm V V) NCO - 6 N- LLf a a O p p p m 00 O O O ra V m OO O O O a Ca 00 0 0 O O b W O 1-4owl 0 0 O O Oup a a m =Ib NCO O 0) O a) o N m _ co T N LC) ,- d To= y mm m m w c b 0 w J wit coca 0 c m¢ E E > m ¢ m a - I Q m ..a N „e 0 ¢ m y iN v m V zID m O m ^ d O co -2 m D 66 >: - 0 O O m O N m L w w 0 O 2m0c 00�p 0 8 8 V Z ~w' C 0 OO 0 O 6 6 d �Q U O O O G O 0 c coF Ey 5o o c o a ¢- nm n v�i N C 0Z oi a m a 0 m _ 0 m ° ion tO n O a p co - co oo 0 m E m 0 m m o 5 c N m T vco c CO E o = ao E N c c 7 • O O co omm a a w WT a c J c CO p j mm 0 m m E00 0 E a m « ¢ E I" o aaati m y p ma, m ¢ y m00 I- am o O 0 V 0 F 38 MONROE COUNTY EXHIBIT - I DISTRICT SCHOOL BOARD SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES June 30, 1979 The significant accounting policies followed by the District School Board, Monroe County, are described below to enhance the usefulness of the financial statements to the reader. Reporting Entity The governing body of the School District is the District School Board composed of an elected board with the Superintendent of Schools as executive officer. Although the District School Board is considered a separate entity for financial reporting purposes, it is part of the State system of public education under the general direction and control of the State Board of Education as prescribed by Article IX of the State Constitution. The District School Board is also governed by State statutes and State Board of Education Administrative Rules. Pursuant to State Eoerd of Education Administrative Rules, the Superintendent of `schools is responsible for keeping records and accounts of all financial transactions in the manner prescribed by the Commissioner of Education. Basis of Accounting The accounts pre maintained and financial statements are nrenared on the nodieied accrual basis of accounting, except that depreciation is not recorded. Under the modified accrual basis, revenues are recorded as received in cash except for (1) revenues susceptible to accrual and (2) revenues of a material amount that have not been received at the normal time of receipt. ixpenditures are generally recorded when otligetions are incurred or when benefits are received. Fund Accounting In order t, ensure ooservance of limitations and restrictions placed on the use of the resources available to the District School Board, the financial records and accounts of the District School Board are maintained in accordance with toe principles of "fun° accounting". This is the procedure by which resources for various purposes are classified for accounting and reporting purposes into fends that are in accordance with activities or objectives specified. Separate accounts are maintained for each fund; however, in the accompanying financial statements, certain funds that have similar characteristics have been combined into fund groups. Accordingly, financial transactions have been recorded by fund group where appropriate. 39 EXHIBIT - I MONROE COUNTY (Continued) DISTRICT SCHOOL BOARD SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES June 30, 1979 The funds used are defined as follows: General Fund. This fund is used to account for resources that are available for the general financial requirements of the District School Beard, the only restrictions being those imposed by law and the budget. Generally, they are resources received tc finance the educational programs of the District School Board as a whole. The organizational units financed through this fund are those which are directly concerned with the operation and supoort of the educational program. Special Revenue Funds. This fund group is used to account for resources that are available for the operation and support of the educational program but are restricted by the donors or other outside agency as to the specific purpose for which they may he expended. The organizational units financed through this fund group are usually the same as those "inanced through the General Fund. Lebt Service hinds. These funds are used to account for the resources whic'- will be used 'o retire tie 'my-term debt of the flis trict School Board. Canital Projects Funds. These ' undo are used to account for the resources that are available for the acquisition or construction of physical property to he used for District School _oaro our-eses ar'd resouroes designated for the major repair or replacement or District 'chool Board property. These funds are es...ricted r tend resolution liuitatinns and generally cnn be expended only for nroiects approved by a State innnrtment, of 'location s '^vey and project priority list. These projects include the purchase of land, site development, building construction costs, initial furnishings and equi• ment for new buildings, and major repairs. General Fixed A. sets. This self-balancing group of accounts is used to provide a record of fixed assets curried by the District School Board. Fixed assets purchased :order lease-purchase agreements are entered in this group after the last payment is made. General Long-Term Debt. This self-balancing group of accounts is used to account for the general long-term debt of the District School Board. 40 MONROE COUNTY EXHIBIT - I DISTRICT SCHOOL BOARD (Continued) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES June 30, 1979 Employee Leave Accrued Contingent liabilities exist for accrued annual leave. The accrued annual and sick leave will be taken by employees or will become nayahle upon termination of employment ns provided in the Board's leave policy and contingent upon available funds. Amounts are not reported on the balance sheet for these contingent liabilities. Retirement System Eligible employees of the Board are members of one or more retirement plans administered by the State of Florida, Department of Administration. There plans call for contributions by the employees and/or the hoard at a stated percentage of compensation dependent upon the individual plan. 41 EXHIBIT - J MONROE COUNTY DISTRICT SCHOOL BOARD NOTES TO FINANCIAL STATEMENTS June 30, 1979 1. The first-in first-out method is used in pricing tee food, nonfood, and small equipment in the ford service inventory. The weighted average method is used in pricing the stores and distribution inventory and the gasoline and oil inventory. The last invoice cost is used for pricing the transportation, maintenance, textbook, and mimeograph supplies inventories. 2. Physical plant and equipment are recorded at the date of acquisition at cost or appraised value. Land donated in prior and current periods is recorded at fair market value at the time of donation. Some items of equipment acquired from the Department of General Services, Division of Surplus Property, have title restrictions. Some land and buildings acquired from the United `states of America through the Department of Fralth, Education, and Welfare have deed restrictions. Depreciation on physical plant and equipment is not recorded. 3. The "Reserve for Encumbrances" is an amount that is segregated from the fund balance and represents obligations in the form of purchase orders or contracts which are not liabilities but which are commitments charge- aFle tr future periods when materials or services are received. It. State funds for current operations were received primarily from the Florida Education Finance 'rogram (FEFP) administered by the State Department of Education. Allocations were made by the State Department of Education based mainly on reports of full-time equivalent students submitted during the current Year by the District Sc-col Board. The current year's allocation is subject to adjustment in subsequent years by the State Department of education for reporting er-ors and other factors. Any adjustments for allocations received during the current year may be made in subsequent years' allocations. 5. Bonds payable of $2,925,000 represent the Beard's portion of bonds sold through the Department of Education on behalf of specific community colleges and district school boards. A portion of the future allocations of the 3oard's Capital Outlay and debt Service funds nrovided by the State from legally obligated moneys for such purposes is pledged as revenue to secure the issues. The responsibility for the principal and interest payments and reserve requirements for the State Board of Education Bonds was administered by the State board of Education and the State ward of Administration. Details on these bonds are as follows: 42 -1481113/483/484 MONROE COUNTY EXHIBIT - J DISTRICT SCHOOL BOARD (Continued) NOTES TO FINANCIAL STATEMENTS June 30, 1979 Original Issues Principal Issue balance 3 750,000 Bonds Dated June 1, 1962 $ 160,000 2,990,000 Bonds Dated January 1, 1974 2,765,000 Total 82,925,000 The maturity dates of the bonds range from January 1, 1980 to January 1, 1995, and the interest rates vary from 3.25 percent to a 5.5 Percent. Bonds payable of 3900,000 represent special act certificates of indebtedness dated June 1, 1966, maturing from the nr 'sent to June 1, 1991. The original total issue was :01,500,000 with interest rates from 5-1/2 nercent to 4-5/8 Percent. 6. The amount shown as judgements nayable of 815,000 represents the balance of money awarded by the Legislature in Chanter 70-914, Special Acts cf 1970. The original amount was E70,000 payable in annual increments of T5,000 each from the General Fund, following an initial payment of 610,000. 7. Adjustments to fund balances of the Capital Projects Funds shown on Exhibit E-3 represent underreported and overreported expenditures prior to July 1, 1978. 43 MONROE COUNTY EXHIBIT - K DISTRICT SCHOOL BOARD STATEMENT FROM AUDITED OFFICIAL For the Fiscal Year Ended June 30, 1979 Audit Report Paragraph The Superintendent's response to the audit findings included in this Number report is as follows (b) As of July 1, 1980, prenumbered receipt books (in trip- licate instead of duplicate) are assigned by the Finance Department to the Vocational Adult Education Department for the collection of fees for adult education courses , sale of books , and collection of fees for GED tests . As these books are used up, they are returned to the Finance Department (containing the third copy of the receipt) to be reconciled. (12) Under the circumstances at the time, no official request was made to the State Department for late submission of the Budget for 1978-79. Attached are letters indicating the procedure that was followed. (See Attachment A. ) (22) The School Board has deemed it a wise investment over a period of years to improve the skills and competencies of all its administrators , principals , and central office staff, including the superintendent. In order to be able to implement its management design system (School-Based Management) the School Board has expended $564,062. 00 over a period of five years for Staff Development. (Most of these dollars have been obtained through state and federal grants . ) The School Board has also established provisions for its instructional personnel to take sabbatical leave for professional improvement. It was the desire of the Board to assist the superinten- dent in defraying the expense of the tuition to further his education by earning a Ph.D. , thus increasing his effectiveness to serve the Board. As a holder of a continuing contract as an instructional person with the Board, the superintendent would have been eligible for sabbatical leave and financial support as a teacher or administrator. However, it was not feasible to consider a sabbatical considering the nature of the superintendency and the fact that the law requires the position of Superintendent of Schools to be a full-time job. 44 EXHIBIT - K MONROE COUNTY (Continued) DISTRICT SCHOOL BOARD STATEMENT FROM AUDITED OFFICIAL For the Fiscal Year Ended June 30, 1979 Audit Report Paragraph Number The doctoral program in which the superintendent was in- volved was tailor-made for practicing school executives who could not absent themselves from their duties for long periods of time. The Board recognized this program as one which was practical and which would improve the superintendent' s effectiveness and efficiency and agreed to underwrite the tuition expense as a legitimate staff (22) development activity. Further, there are no Florida Statutes or State Board Rules , etc. which prohibit the Board from paying tuition for the superintendent. In addition, under Home Rule, the Board is empowered, in the absence of any law, rule , or regulation, to implement staff development activities for the improvement of the educational program of the District. (26) As we have noted in prior audit statements , additional fireproof cabinets had not been provided in the Personnel Department based on the recommendation originally made by the Supervisor of Maintenance that due to the construction and condition of the second floor of the former Adminis- tration Building the second floor would not support the weight load of additional cabinets . Now that we have moved into our new Administration Build- ing, we have issued purchase orders for seven (7) addi- tional cabinets which will provide the proper storage for the personnel records. (27) As of December 1980, purchase orders are issued for all products put out on bid: miscellaneous groceries , non- food, and frozen food. Fresh fruits and vegetables and eggs are ordered directly by school food service managers , thus , it is unnecessary and impractical to issue purchase orders in this case . (28.1) Fertilizer was purchased on Voucher #8091 at a total cost of $3, 686. 55. This purchase was made in error due to a cost increase per pound of fertilizer which was not computed into the reorder of this material. 45 MONROE COUNTY EXHIBIT - K DISTRICT SCHOOL BOARD (Continued) STATEMENT FROM AUDITED OFFICIAL For the Fiscal Year Ended June 30, 1979 Audit Report Paragraph Number (28.2) Purchases for asphalt roof shingles , framing lumber, and plywood, were made for various renovation projects at the Trumbo Administration Complex. Quotes were called for from vendors for these materials at the beginning of the renovation work. These purchases were spread over a period of almost two years. At no time did any one pur- chase order exceed $3,000. (28.3) Liquid propane gas is supplied by Public Gas Company (sole source) to the Middle and Upper Keys , beginning with Marathon, Florida. For many years the only source for propane gas in the Lower Keys was Key West Gas Company, now known as Texgas and the company which presently supplies gas in the Lower Keys. Not only does this company supply the gas , but does all repair and maintenance re- quired at no additional cost. (All gas tanks are owned by the company. ) We do not feel that it would be feasible to change the current system for the purchase of this utility by calling for bids annually, resulting in re- placing tanks and additional cost to the District for deposits for these tanks as required by the companies . (29) It has been customary for the District to issue purchase orders when contracting with consultants . This procedure has been in practice for several years and has not been cited in any previous audits . However, reference is now made to payments to consultants through purchase orders which did not describe the services in sufficient detail to permit a determination to the extent to which services actually were received. A recommendation was made that all consultant services be purchased pursuant to written agreements which describe the services to be provided in sufficient detail as to permit a comparison with service actually received, together with the terms and amount of compensation for consultant services . To that end, the attached AGREEMENT FOR CONTRACTED CON- SULTANT SERVICES has been devised which requires a des- cription of the services to be performed and the amount and terms of compensation. This document will be executed 46 EXHIBIT - K MONROE COUNTY (Continued) DISTRICT SCHOOL BOARD STATEMENT FROM AUDITED OFFICIAL For the Fiscal Year Ended June 30, 1979 Audit Report Paragraph Number and attached to each purchase order for consultant services and payment will be made upon a request for payment in (29) accordance with this agreement. We feel that the execution I of this agreement will provide the information cited as 1 lacking in the audit report. (See Attachment B. ) (30) Reference is made to payments to the law firm of Muller, Mintz, Kornreich, Caldwell and Casey, P.A. , for profes- sional fees ($3, 910) and expenses ($487 . 15) incurred in behalf of the Board and billed on two separate invoices . These payments were for professional services rendered in connection with negotiating a collective bargaining contract between the Board and the United Teachers of Monroe for the 1978-79 school year. Invoices supporting the payment of professional fees for $2, 140 and $1, 770 did stipulate the date and a brief des- cription of the services provided, e.g. , legal research, negotiations , draft contract , conference with client. While the invoices did not specifically show the number of hours consumed nor the rates charged, the action by the Board in employing this firm specified a rate of $50 an hour for services rendered. Utilizing this amount, the firm' s bill for professional services reflect 78-1/4 hours of work connected with negotiating the aforemen- tioned contract . The expenses billed on invoices for $205. 47 and $281. 68 were detailed by date and description but did not contain documentation in the form of copies of bills, plane tickets , etc. In order to improve this situation, the superintendent contacted the firm by telephone, followed by written correspondence, requesting the firm to revise their bill- ing'procedure. Attached are copies of correspondence and subsequent billing by the firm in a format which does provide a breakdown of the time involved for each item and a total billing on an hourly basis . (See Attachment C. ) 47 MONROE COUNTY EXHIBIT - K DISTRICT SCHOOL BOARD (Continued) STATEMENT FROM AUDITED OFFICIAL For the Fiscal Year Ended June 30, 1979 Audit Report Paragraph Number (31) This was a request by the schools in the Upper Keys with services contracted for by the three schools involved to provide psychological testing and services . Reports specifying the services were provided to each respective school but were not forwarded to the district office. Approval for payment of invoices submitted by the Guidance Clinic to the District were approved by the principal of the respective school. As of 1979-80 school year, these services were no longer requested by the School Board and are being provided by the full time School Board employees . (32) The comment made by the auditor with reference to per diem allowances being paid in excess of amounts allowable, we feel, results from the manner in which the travel period is computed by the auditor versus the manner in which it is computed by the Finance Department. We reimburse on quarters as per Florida Statute 112. 061 (2) (i) : 12 : 00 Midnight - 6:00 A.M. 6 :01 A.M. - 12 : 00 Noon 12 : 01 P.M. - 6:00 P.M. 6 :01 P.M. - Midnight We have on numerous occasions paid individuals for the first quarter, computing this based on the travel voucher which indicated departure at 6 : 00 A.M. , which is still part of the first quarter. Although we feel our system of computing per diem allowances to be correct , we will change our procedure to comply with the auditor' s request. Mention was made of reimbursement for telephone charges . Although we do verify with the individual the purpose of such calls , in the future we will document the purpose for each call. (34) In the future when payments are made for travel expenses prior to the dates on which travel is actually made, a new procedure has been implemented whereby a written travel report will be submitted to the Finance Department showing actual travel time, dates , and amounts . 48 EXHIBIT - K MONROE COUNTY (Continued) DISTRICT SCHOOL BOARD STATEMENT FROM AUDITED OFFICIAL For the Fiscal Year Ended June 30, 1979 Audit Report Paragraph Number (35) Reference is made to a principals ' workshop conducted at the Ocean Reef Club in Key Largo during August of 1978 and a registration fee of $25 charged to each employee who attended. During the course of the recent audit period, it was pointed out that documentation, invoices and receipts had not been obtained for the services pro- vided and the propriety of the fee was questioned. Upon reviewing the situation, all of the employees who attended the workshop were contacted and the $25 registration fee was reimbursed to the Board. (36) At present all credit cards are received through the mail by the Transportation Department . They, in turn, assign certain ones to the Maintenance Department which, in turn, has a list to whom these cards are issued. The Finance Department has been instructed to request all companies to forward all credit cards to the Finance Department. This department, in turn, will have a master list of all cards issued to various departments and a record from them as to whom these cards are issued. (39) School Food Service is in the process of changing over to the computer system used by the Finance Department and all _[ School Food Service reports will be prepared from the computer printout to reflect same totals as in the Super- intendent' s Annual Report . As of January 15, 1981, we were able to consolidate all support personnel in the Trumbo Administrative Complex. (41) Financial transactions are batched and processed for the Computer Room by personnel in the Finance Department. Although all transactions are not signed or approved by the director in charge, all entries and transactions are verified when returned to Finance from the Computer Room. The person verifying these entries is one other than any of those processing the batches . In addition to the above procedure, all transactions to be recorded in the Board' s accounting system will be approved by the administrator in charge. 49 MONROE COUNTY EXHIBIT - K DISTRICT SCHOOL BOARD (Continued) STATEMENT FROM AUDITED OFFICIAL For the Fiscal Year Ended June 30, 1979 Audit Report Paragraph Number (42-43) With the advent of the completion of the bus garage in the new Trumbo Administrative Complex, adequate space has been provided for storage of parts , tools and other stock items and will insist that in the Transportation Department corrective procedures be implemented to properly maintain the inventory records . This will also be carried out in the Maintenance and School Food Service departments . (45) Beginning with the audit of internal accounts for year 1979-80, the certified public accountant provided the Board with a written audit report. Together with this report the CPA submitted a signed written report for each respective school or department disclosing any irregularities or failure to comply with SBE Rules and School Board Policies . Upon receipt of the audits for the schools , the superinten- dent directed all school principals who were affected, to take corrective action immediately and complimented those school principals where there were no citations. Staff from the Finance Office Division has been instructed to go into the schools and assist office personnel in making necessary corrections of the irregularities cited in the CPA' s audit report . As of this date, all schools have been visited by the Finance Department' s staff to assist in making corrections and, further, to make recommendations and verify that SBE Rules and School Board Policies are being implemented in each school and department in the District. (46) Sugarloaf, Switlik, Key Largo and Plantation schools have breakfast surveys on file. Marathon High is the only school lacking such survey records. Results of the exist- ing surveys do not appear to have been presented to the Board. Prior to the beginning of 1981-82 school year, school surveys will be presented to the Board for scrutiny and approval. (47.1) Where a roster system is used, prenumbered receipts are unnecessary and would be unmanageable. 50 EXHIBIT - K MONROE COUNTY (Continued) DISTRICT SCHOOL BOARD STATEMENT FROM AUDITED OFFICIAL For the Fiscal Year Ended June 30, 1979 Audit Report Paragraph Number (47:2) Subsequent to the audit verbal findings , duties of collecting cash and reporting food sales are assigned to different personnel; in the cases where the cashier completes a record of receipts , cash and receipts are always checked by at least the manager and often one other person. (47.3) Not all schools currently have cash registers , but School Food Service is in the process of planning for them for all sites . (49) Prices are currently cited in the Board approved agreement between TYME and School Food Service. The preschool pro- grams at Wesley House, TYME and Grace Jones in Marathon are federally-funded programs . Since the majority of these students will be in the public schools eventually, we feel that we should provide them meals at the same cost as of that in the regular K-12 programs. (51) CETA subgrants awarded to the District School Board of Monroe County. Audit statement, "We recommend that the Board make better efforts in the future to comply with requirements for proper procedures and records to support expenditures from CETA funds. " As a result of federal audits and state audits, questioned costs and questioned procedures have been noted. These audits are necessary in order to safeguard assets and materials from unauthorized use and disposition. Let it be duly noted that we have attempted to do this to the best of our abilities and capacities . We believe these efforts have provided reasonable , but not absolute assur- ance, that Federal regulations , Department of Labor dir- ectives , State Administrative procedures , Department of Education regulations , South Florida Employment and Train- ing Consortium policies and procedures have been followed. Understandably, errors can result, especially from mis- understanding of instructions , lateness of directives , short-fused deadlines , mistakes in judgment, and the con- tinuous changes in these rules and regulations and changing conditions of our economy (especially Monroe County from 1973 to the present) . 51 MONROE COUNTY EXHIBIT - K DISTRICT SCHOOL BOARD (Continued) STATEMENT FROM AUDITED OFFICIAL For the Fiscal Year Ended June 30, 1979 Audit Report Paragraph Number Attachment D to this reply further indicates that the overall effort has improved as we become experienced and knowledgeable of the administrative requirements , control procedures and audit requirements. We welcome audits and appreciate the recommendations they make to us , but it must be remembered that audits are a "hindsight" proce- dure and a review of the administrative "battle" when it is over. Planning and management are futuristic and many (51) times filled with unknown adversaries and situations . CETA audits are a "life and death" economic situation. There is no room for error (as there are in some other federal programs) . A 100% right in decision making is required. There is no forgiveness for error. We feel that the attached chart will show that we (the school system, the community and especially the youth) have received many benefits , with minimal wounds (none fatal) from the CETA program. We will continue to im- prove our efforts. (See Attachment D. ) (54) The 1980-81 District Summary Budget reflects a permanent transfer from Debt Service Fund to Operating Fund in the amount of $205,468. 17. This amount represents the total of $179 , 847. 23 mentioned in the Preliminary and Tentative Findings , plus interest earned in the amount of $25 , 620. 94. Attached is a copy of Resolution #98 adopted by the Board February 23, 1981. (See Attachment E. ) 52