orange county public schools€¦ · our responsibility is to express opinions on these financial...

ORANGE COUNTY PUBLIC SCHOOLS

Orlando, Florida

Comprehensive Annual Financial Report

For the Fiscal Year

Ended June 30, 2013

Prepared By: Finance Department


Comprehensive Annual Financial Report

For the Fiscal Year Ended June 30, 2013

Table of Contents Introductory Section Letter of Transmittal.... ................................................................................................................................ i Organizational Chart… ............................................................................................................................. vii Principal Officials - Elected - School Board Members ............................................................................. viii Principal Officials - Appointed ................................................................................................................... ix Association of School Business Officials Certificate of Excellence in Financial Reporting ...................................................................................... x Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting .......................................................... xi

Financial Section Report of Independent Certified Public Accountants ................................................................................. 1 Management’s Discussion and Analysis .................................................................................................... 4 Basic Financial Statements: Government-Wide Financial Statements Statement of Net Position ............................................................................................................... 15 Statement of Activities .................................................................................................................... 17 Fund Financial Statements Balance Sheet – Governmental Funds .......................................................................................... 18 Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of Net Position ............................................................................. 19 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds ...................................................................................... 20 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Government-Wide Statement of Activities .................................................................................. 22 Statement of Revenues, Expenditures and Changes in Fund Balance – Budget to Actual – General Fund ..................................................................... 23 Statement of Revenues, Expenditures and Changes in Fund Balance – Budget to Actual – Other Federal Programs – Special Revenue Fund ............ 24 Statement of Net Position – Proprietary Funds .............................................................................. 25 Statement of Revenues, Expenses, and Changes in Fund Net Assets – Proprietary Funds ......................................................................................... 26 Statement of Cash Flows – Proprietary Funds .............................................................................. 27 Statement of Fiduciary Assets and Liabilities – Fiduciary Funds ................................................... 28 Notes to the Basic Financial Statements Notes to the Basic Financial Statements ....................................................................................... 29 Required Supplementary Information Schedule of Funding Progress Other Postemployment Benefits Plan ............................................ 62

Supplemental Information Non-Major Fund Information .............................................................................................................. 63 Combining and Individual Fund Statements and Schedules: Combining Balance Sheet – Non-Major Governmental Funds ...................................................... 65 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Non-Major Governmental Funds .................................................................... 68 Schedules of Revenues, Expenditures and Changes in Fund Balance(s) – Budget to Actual: Food Service – Special Revenue Fund .......................................................................................... 74 ARRA Federal Programs – Special Revenue Fund ....................................................................... 75 Other – Special Revenue Fund ...................................................................................................... 76 State Board of Education and Capital Outlay Bond Issue – Debt Service Fund ........................... 77 Other Debt Service – Debt Service Fund ....................................................................................... 78 Public Education Capital Outlay – Capital Projects Fund .............................................................. 79 Capital Outlay & Debt Service – Capital Projects Fund ................................................................. 80 Section 1011.71(2), Florida Statutes, Local Capital Improvement Tax – Capital Projects Fund .................................................................................................................. 81 Other – Capital Projects Fund ........................................................................................................ 82 Proprietary Fund – Internal Service Funds ........................................................................................ 83 Combining Statement of Net Position – Internal Service Funds .................................................... 84 Combining Statement of Revenues, Expenses, and Changes In Fund Net Assets – Internal Service Funds ............................................................................. 85 Combining Statement of Cash Flows – Internal Service Funds .................................................... 86 Fiduciary Fund – Agency Funds ........................................................................................................ 87 Statement of Changes in Assets and Liabilities – Fiduciary Funds ............................................... 88 Statistical Section Statistical Section Information .................................................................................................................. 89 Financial Trend Information: Net Position by Component Last Ten Fiscal Years ................................................................................. 90 Changes in Net Position Last Ten Fiscal Years....................................................................................... 91 Governmental Activities Tax Revenues by Source Last Ten Fiscal Years .............................................. 92 Fund Balances of Governmental Funds Last Ten Fiscal Years .............................................................. 93 Changes in Fund Balances of Governmental Funds Last Ten Fiscal Years ........................................... 94 Summary of Revenues, Expenditures (by Major Object) and Changes in Fund Balances: General Fund Last Ten Fiscal Years………. ......................................................................................... 96 Special Revenues Fund – Other Federal Programs Last Ten Fiscal Years .......................................... 97 Special Revenues Fund – ARRA Federal Programs Last Four Fiscal Years ........................................ 98 Special Revenues Fund – Food Service Last Ten Fiscal Years............................................................ 99 Debt Service Funds Last Ten Fiscal Years… ...................................................................................... 100 Capital Projects Funds Last Ten Fiscal Years ..................................................................................... 101

Revenue Capacity Information: General Governmental Tax Revenues by Source Last Ten Fiscal Years ............................................. 102 Assessed and Estimated Actual Value of Taxable Property Last Ten Fiscal Years .............................. 103 Property Tax Rates – Direct and Overlapping Governments Last Ten Fiscal Years ............................ 104 Principal Taxpayers 2013 Fiscal Year ….. ............................................................................................. 105 Principal Taxpayers 2004 Fiscal Year….. .............................................................................................. 106 Property Tax Levies and Collections Last Ten Fiscal Years ................................................................. 107 Debt Capacity Information: Ratios of Outstanding Debt by Type Last Ten Fiscal Years .................................................................. 108 Computation of Direct and Overlapping Bonded Debt September 30, 2012 ......................................... 109 Anticipated Capital Outlay Millage Levy Required to Cover Certificates of Participation Payments Last Ten Fiscal Years ............................................................. 110 Demographic and Economic Information: Demographic and Economic Statistics Last Ten Fiscal Years .............................................................. 111 Principal Employers Orlando Metropolitan Statistical Area (MSA) Last Ten Fiscal Years…. ............... 112 Operating Information: School Building Information & Full-Time Equivalent Enrollment Data Last Ten Years ......................... 113 Number of Personnel Last Ten Fiscal Years.. ....................................................................................... 118 Teacher Base Salaries (10 month) Last Ten Fiscal Years .................................................................... 119 Food Service Operating Data Last Ten Fiscal Years ............................................................................ 120 Schedule of Insurance in Force as of June 30, 2013 ............................................................................ 121 Other Reports Section Report of Independent Certified Public Accountants on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards ..................................... 123

This page intentionally left blank.

vi

OR

AN

GE

CO

UN

TY P

UB

LIC

SC

HO

OLS

Exe

cutiv

e M

an

ag

er

Off

ice

of t

he

Su

pe

rin

ten

de

nt

Kat

hy L

evin

e

Ch

ief F

ina

nci

al O

ffic

er

Ric

hard

Col

lins

~

Ora

nge

Cou

nty

Pub

lic S

choo

ls

1AS7

01

revi

sed

: 11/

14/2

012

Ch

ief F

aci

litie

s O

ffic

er

John

Mor

ris

SU

PE

RIN

TE

ND

EN

T

Bar

bara

Jen

kins

A

rea

Su

pe

rin

ten

de

nt

.----

11 E

ast

M

aria

Vaz

quez

1

------------i

Ch

ief O

pe

ratio

ns

Off

ice

r M

icha

el E

ugen

e

Ch

ief o

f Sta

ff

Kat

hlee

n P

alm

er

Are

a S

up

eri

nte

nd

en

t f-

----

-11

No

rth

W

illia

m G

ordo

n

Dep

uty

Su

per

inte

nd

ent

_ Je

sus

Jara

II

111

Are

a S

up

eri

nte

nd

en

t 1

---

So

uth

ea

st

Ch

ief A

cad

em

ic O

ffic

er

Sco

tt F

ritz

Jam

es L

awso

n

Are

a S

up

eri

nte

nd

en

t f-

----

-11

So

uth

we

st

'---

Cat

hy P

ope

Are

a S

up

eri

nte

nd

en

t W

est

S

hirle

y C

owan

s/

Brid

g~t

Will

iam

s

vii

ORANGE COUNTY PUBLIC SCHOOLS PRINCIPAL OFFICIALS – ELECTED

SCHOOL BOARD MEMBERS (Members are elected for four-year terms)


District 1 Joie Cadle

2002 - 2014

District 2 Daryl Flynn 2006 – 2014

District 3 Judge “Rick” Roach

1998 – 2014

District 4 Pam Gould 2012 - 2016

District 5 Kathleen “Kat” Gordon

2000 – 2016

District 6 Nancy Robbinson

2008 - 2016

District 7 Christine Moore

2008-2016 Vice-Chairman

District Wide Bill Sublette 2010 – 2014

Chairman

viii

ORANGE COUNTY PUBLIC SCHOOLS PRINCIPAL OFFICIALS – APPOINTED


Barbara Jenkins Superintendent

Jesus Jara Deputy Superintendent Kathleen Palmer Chief of Staff Richard Collins Chief Financial Officer Scott Fritz Chief Academic Officer John Morris Chief Facilities Officer Michael Eugene Chief Operations Officer William Gordon Area Superintendent North Maria Vazquez Area Superintendent East Shirley Cowans/ Area Superintendent West Bridget Williams Cathy Pope Area Superintendent Southwest James Lawson Area Superintendent Southeast

ix

Association of School Business Officials International

The Certificate of Excellence in Financial Reporting Award is presented to

Orange County Public Schools

For Its Comprehensive Annual Financial Report (CAFR) For the Fiscal Year Ended June 30, 2012

The CAFR has been reviewed and met or exceeded ASBO International’s Certificate of Excellence standards

Ron McCulley, CPPB, RSBO John D. Musso, CAE, RSBA President Executive Director

x


xii

1312-1177892 1

Report of Independent Certified Public Accountants

Dr. Barbara Jenkins, Superintendent, and Chairman and Members of the School Board Orange County Public Schools

Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities, the aggregate discretely presented component unit, each major fund, and the aggregate remaining fund information of Orange County Public Schools (the District), as of and for the year ended June 30, 2013, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in conformity with U.S. generally accepted accounting principles; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free of material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of the school internal funds (agency fund), which statements reflect total assets and liabilities of 6% percent and 22% percent of the assets and liabilities of the aggregate remaining fund information. In addition, we did not audit the financial statements of the Foundation for Orange County Public Schools, Inc., which statements reflect 100 percent of the balances of the discretely presented component unit. Those statements were audited by other auditors whose reports have been furnished to us, and our opinions, insofar as they relate to the amounts included for the school internal funds and the discretely presented component unit are based solely on the reports of other auditors. We conducted our audit in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.

Ernst & Young LLP Suite 1700 390 North Orange Avenue Orlando, FL 32801-1671

Tel: +1 407 872 6600 Fax: +1 407 872 6626 ey.com

A member firm of Ernst & Young Global Limited

1312-1177892 2

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Opinions

In our opinion, based on our audit and the reports of other auditors, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the aggregate discretely presented component unit, each major fund, and the aggregate remaining fund information of the District as of June 30, 2013, and the respective changes in financial position and, where applicable, cash flows thereof and the budgetary comparisons for the general fund and the other federal programs fund for the year then ended in conformity with U.S. generally accepted accounting principles.

Required Supplementary Information

U.S. generally accepted accounting principles require that management’s discussion and analysis and the schedule of funding progress, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board which considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.


1312-1177892 3

Supplementary and Other Information

Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the District’s basic financial statements. The accompanying combining and individual fund financial statements and schedules included in the supplemental information section are presented for purposes of additional analysis and are not a required part of the basic financial statements.

The accompanying combining and individual fund financial statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States. In our opinion, the combining and individual fund financial statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements, and, accordingly, we do not express an opinion or provide any assurance on them.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we also have issued our report dated December 19, 2013 on our consideration of the District’s ’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering District’s internal control over financial reporting and compliance.

ey December 19, 2013


ORANGE COUNTY PUBLIC SCHOOLS MANAGEMENT’S DISCUSSION AND ANALYSIS

June 30, 2013

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

The assets and deferred outflows of the District exceeded its liabilities at the close of the most recent fiscal year by $3,210,253,440 (net position). Of this amount, $294,758,705 (unrestricted net position) may be used to meet the District’s ongoing obligations to citizens and creditors.

The District’s total net position increased by $192,239,636. This increase is primarily attributable to the ongoing investment of the District in new schools and the renovation of existing schools supported by sales tax proceeds and other capital outlay revenues.

Total revenues of $1,878,707,621 were comprised of general revenues in the amount of $1,735,287,487, or 92.4 percent, and program specific revenues from charges for services, grants and contributions in the amount of $143,420,135, or 7.6 percent.

For the year ended June 30, 2013, the District had $1,686,467,986 in expenses related to governmental activities; $143,420,134 of which were offset by program specific charges or services, grants and other sources. General revenues (primarily taxes and state funding programs) of $1,735,287,487 were sufficient to provide for the District’s programs.

As of the close of the current fiscal year, the District’s governmental funds reported combined ending fund balances of $1,543,265,265, an increase of $110,449,589 in comparison with the prior year. Approximately 4.0 percent of this total amount, $61,799,654, is available for spending at the District’s discretion for the purposes defined for each governmental fund (unassigned fund balance). The remaining balance in the amount of $1,481,465,611 has been designated as Nonspendable, Restricted, Committed or Assigned.

At the end of the current fiscal year, unassigned fund balance for the general fund was $61,799,654, or 4.9 percent of total general fund expenditures.

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

Overview of the Financial Statements This discussion and analysis are intended to serve as an introduction to the District’s basic financial statements. The District’s basic financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements. Government-wide financial statements. The government-wide financial statements (or district-wide financial statements) are designed to provide a broad overview of the District’s finances, in a manner similar to a private-sector business. The statement of net position presents information on all of the District’s assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating. The statement of activities provides information showing how the District’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows.

4


June 30, 2013

Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in the future fiscal periods (e.g., uncollected taxes, other post employment benefits, and earned but unused vacation and sick leave). All of the District’s activities and services are reported in the government-wide financial statements, including instruction, pupil support services, instructional support services, administrative support services, facility maintenance, transportation, and food services. Property taxes, state assistance, and interest and investment earnings finance most of these activities. Additionally, all capital and debt financing activities are reported here. The District currently does not report any business-type activities, which would include functions that are intended to recover all or a significant portion of their costs through user fees and charges. The government-wide financial statements include not only the District itself (known as the primary government), but also the School Board of Orange County Employee Benefits Trust and the Orange County School Board Leasing Corporation. The School Board of Orange County Employee Benefits Trust (Trust) and the Orange County School Board Leasing Corporation (Corporation), although also legally separate, were formed to administer the District’s group health and life insurance program and facilitate financing for the acquisition of facilities and equipment, respectively. Due to the substantive economic relationships between the District and the Trust and Corporation, their financial activities have been included as an integral part of the primary government. Fund financial statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the District can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds. Governmental funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The District maintains 11 individual governmental funds. Information is presented separately in the governmental funds balance sheets and in the governmental funds statements of revenues, expenditures and changes in fund balances for the general fund, Special Revenue – Other Federal Programs, and Capital Projects – Other which are considered to be major funds. Data from the other 8 governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements elsewhere in this report. The District adopts an annual appropriated budget for its general fund. A budgetary comparison statement has been provided for the general fund to demonstrate compliance with this budget.

5


June 30, 2013

Proprietary funds. The District maintains one type of proprietary fund – internal service funds. Internal service funds are an accounting device used to accumulate and allocate costs internally among the District’s various functions. The District uses internal service funds to account for its self-insurance programs, employee benefits trust and printing services. Because these services benefit the District’s governmental functions, they have been included within governmental activities in the government-wide financial statements. The three internal service funds are combined into a single, aggregated presentation in the proprietary fund financial statements. Individual fund data for the internal service funds is provided in the form of combining statements elsewhere in this report. Fiduciary funds. Fiduciary funds, which for the District consist solely of agency funds, are used to account for resources held for the benefit of parties outside the District. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the District’s own programs. The accounting used for fiduciary funds is similar to that used for proprietary funds, except that agency funds do not report changes in fiduciary net assets, as agency fund assets should equal liabilities. Notes to the financial statements. The notes provide additional information that is essential to fully understanding the data provided in the government-wide and fund financial statements. Other information. The combining statements referred to earlier in connection with nonmajor governmental funds and internal service funds are presented immediately following the notes to the financial statements.

6


June 30, 2013

Government-Wide Financial Analysis As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. In the case of the District, assets exceeded liabilities by $3,210,253,440 at the close of the most recent fiscal year.

Governmental Activities PercentageJune 30, 2013 June 30, 2012 Change

Current and Other Assets 1,759,990,862$ 1,622,793,161$ 8.5%Capital Assets 3,184,957,617 3,126,706,685 1.9%Deferred Outflows 41,351,853 60,771,750 -32.0%

Total Assets and Deferred Outflows 4,986,300,332 4,810,271,596 3.7%

Long-Term Liabilities 1,611,131,257 1,651,705,459 -2.5%Other Liabilities 164,915,635 140,552,333 17.3%

Total Liabilities 1,776,046,892 1,792,257,792 -0.9%

Net PositionNet Investment in Capital Assets 1,839,939,385 1,810,552,810 1.6%Restricted 1,075,555,350 1,004,657,537 7.1%Unrestricted 294,758,705 202,803,457 45.3%

Total Net Position 3,210,253,440$ 3,018,013,804$ 6.4%

Summary of Net Position

The largest portion of the District’s net position (57.3 percent) reflect its investment in existing capital assets (e.g., land, buildings, machinery, and equipment), net of accumulated depreciation and less any related debt used to acquire those assets that is still outstanding. The District uses these capital assets to provide educational and related services to its students; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. A portion of the District’s net position (30.4 percent) reflects its restricted net position for capital projects. The District will use these resources in a continuing effort to build and refurbish sufficient classroom space for the growing student population in Orange County, Florida. An additional portion of the District’s net position (9.2 percent) represents resources that are not subject to external restrictions on how they may be used. The balance of unrestricted net position of $294,758,705 may be used to meet the District’s ongoing obligations to citizens and creditors. At the end of the current fiscal year, the District is able to report positive balances in all three categories of net position. The District’s net position increased in total by $192,239,636 during the current fiscal year primarily as a result of a referendum providing an additional revenue source for construction and renovation of school buildings. Also contributing to the increase was other capital revenues invested in school buildings.

7


June 30, 2013

Governmental ActivitiesPercentage

June 30, 2013 June 30, 2012 Change

RevenuesProgram Revenues

Charges for Services 25,398,955$ 27,462,087$ -7.5%Operating Grants and Contributions 70,655,248 63,679,682 11.0%Capital Grants and Contributions 47,365,932 30,156,218 57.1%

General RevenuesProperty Taxes 704,853,276 710,708,248 -0.8%Local Sales Tax 181,301,579 170,826,443 6.1%Grants and Contributions not Restricted to Specific Programs 831,027,580 766,531,137 8.4%Investment Earnings 2,551,553 28,165,739 -90.9%Miscellaneous 15,553,499 27,862,418 -44.2%

Total Revenues 1,878,707,622 1,825,391,972 2.9%

ExpensesInstruction 872,344,750$ 835,193,445$ 4.4%Pupil Personnel Services 43,356,959 43,138,545 0.5%Instructional Media Services 15,303,137 15,127,197 1.2%Instruction and Curriculum Development 67,893,336 67,985,800 -0.1%Instructional Staff Training Services 37,878,658 37,211,322 1.8%Instruction Related Technology 11,608,854 10,650,123 9.0%Board of Education 3,314,563 3,209,298 3.3%General Administration 7,728,937 7,322,849 5.5%School Administration 94,678,038 92,097,454 2.8%Facilities Services 47,001,572 29,546,203 59.1%Fiscal Services 5,814,923 5,789,064 0.4%Food Services 79,241,915 72,567,053 9.2%Central Services 16,224,684 15,421,025 5.2%Pupil Transportation Services 74,242,614 68,703,132 8.1%Operation of Plant 96,008,891 96,304,524 -0.3%Maintenance of Plant 31,346,974 30,262,636 3.6%Administrative Technology Services 17,259,825 17,651,492 -2.2%Community Services 13,234,981 11,326,270 16.9%Interest on Long-Term Debt 74,385,824 72,868,673 2.1%Unallocated Depreciation 77,598,551 107,710,692 -28.0%

Total Expenses 1,686,467,986 1,640,086,797 2.8%

Increase in Net Position 192,239,636 185,305,175 3.7%

Net Position - Beginning 3,018,013,804 2,832,708,629 6.5%Net Position - Ending 3,210,253,440$ 3,018,013,804$ 6.4%

Summary of Changes in Net Assets

For the Fiscal Year Ended

The District’s net position increased by $192,239,636 during the current fiscal year. Key elements of the increase are as follows:

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

Other capital revenues utilized for the construction of schools.

8


June 30, 2013

Expenses – Statement of Activities

Instruction51.7%

Pupil Personnel Services2.6%

Instructional Media Services0.9%

Instruction and Curriculum Development

4.1%Instructional Staff Training

Services2.2%

Instruction Related Technology0.7%

Board of Education0.2%

General Administration0.5%

School Administration5.6%

Facilities Services2.8%

Fiscal Services0.4%

Food Services4.7%

Central Services1.0%

Pupil Transportation Services4.4%

Operation of Plant5.7%

Maintenance of Plant1.9% Administrative Technology

Services1.0%

Community Services0.8% Interest on Long-term Debt

4.4%Unallocated Depreciation

4.6%

Revenues by Source – Statement of

Activities

Charges for Services1.4% Operating Grants and

Contributions5.9%

Capital Grants and Contributions

0.4%

Property Taxes37.5%

Local Sales Taxes9.7%

Grants and Contributions Not Restricted to Specific

Programs44.3%

Grants and Contributions Not Restricted to Specific

Programs44.2%

Miscellaneous0.8%

9


June 30, 2013

Financial Analysis of the Government’s Funds As noted earlier, the District uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds. The focus of the District’s governmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing the District’s financing requirements. As of the end of the current fiscal year, the District’s governmental funds reported combined ending fund balances of $1,543,265,265, an increase of $110,449,589 in comparison with the prior year. Approximately 4.0 percent of this total amount ($61,799,654) constitutes unassigned fund balance. The remainder of fund balance is Nonspendable ($6,136,857), Restricted ($1,143,725,081), or Assigned ($331,603,673) to indicate that it is not available for new spending. The General Fund is the chief operating fund of the District. At the end of the current fiscal year, unassigned fund balance of the General Fund was $61,799,654, while total fund balance was $413,567,868. As a measure of the general fund’s liquidity, it may be useful to compare both unassigned fund balance and total fund balance to total expenditures. Unassigned fund balance represents 4.9 percent of total general fund expenditures, while total fund balance represents 32.7 percent of that same amount. The fund balance of the District’s General Fund increased by $33,337,517 during the current fiscal year. Key factors in this increase are as follows:

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

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

The Other Capital Projects Fund, which is used to account for capital project activity funded sources such as Certificates of Participation, Sales Tax and Impact Fees, has a total fund balance of $863,297,973, all of which is restricted for specific capital projects. The net increase in fund balance during the current year in the other capital projects fund was $66,313,450 and resulted primarily from major construction projects not completed in the current fiscal year. It should also be noted that $863,297,973 of the total fund balance has been restricted for capital projects at year-end. General Fund Budgetary Highlights There were no differences between the original budget and the final amended General Fund budget in total. The General Fund actual revenues exceeded the budgeted revenues by approximately $14.2 million. Other local revenue exceeded the budget by $13.7 million. The State revenue was lower by approximately $8.3 million. The General Fund actual expenditures were less than the budgeted appropriations by approximately $305.8 million. This was due to the postponement of several major initiatives, positions remaining vacant longer than planned during the hiring process, enhanced fiscal management of resources, as well as funds reserved for future planned expenditures.

10


June 30, 2013

Capital Asset and Debt Administration Capital assets. The District’s investment in capital assets as of June 30, 2013, amounts to $3,184,957,617 (net of accumulated depreciation). This investment in capital assets includes land, construction in progress, improvements other than buildings, buildings and fixed equipment, furniture, fixtures and equipment, motor vehicles, audio-visual materials, and computer software. The total increase in the District’s investment in capital assets (net of accumulated depreciation) for the current fiscal year was $58,250,932 (1.9 percent). Major capital asset events during the current fiscal year included the following:

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

Governmental ActivitiesJune 30, 2013 June 30, 2012

Land 257,051,407$ 252,770,456$ Improvements Other Than Buildings 8,889,715 8,426,327 Buildings and Fixed Equipment 2,773,779,609 2,645,146,543 Furniture, Fixtures, and Equipment 52,379,514 51,091,160 Motor Vehicles 34,337,822 39,831,123 Construction in Progress 52,969,918 123,554,695 Audio-Visual Materials - 325 Computer Software 5,549,632 5,886,056

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

Summary of Capital Assets(net of depreciation)

Additional information on the District’s capital assets can be found in the notes to the financial statements.

11


June 30, 2013

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

Governmental ActivitiesJune 30, 2013 June 30, 2012

Lease-Purchase Agreements Payable 1,338,804,434$ 1,358,421,365$ State School Bonds Payable 20,320,000 24,115,000 Obligations Under Capital Leases 16,389,825 24,620,459

Total Debt 1,375,514,259$ 1,407,156,824$

Summary of Outstanding Debt

During the current fiscal year, the District’s total long-term debt decreased by $31,642,565 (2.2 percent). The District’s Moody’s rating changed for its certificates of participation. Fitch rating remained the same “AA” rating. Moody’s rating changed from an “Aa3” to a “Aa2” rating. The S&P rating remained at “AA-“ for its certificates of participation. Additional information on the District’s long-term debt can be found in the notes to the financial statements. Economic Factors

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

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

Although current estimates indicate that no subsequent reductions will be required, the historical experience where adjustments were made in three of the past four years causes some concern regarding the consistency of state funding for the current year. The district has therefore been proactive and set aside adequate reserves to deal with such a contingency should it materialize. Requests for Information This financial report is designed to provide a general overview of the District’s finances for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Chief Financial Officer, Orange County Public Schools, 445 W. Amelia Street, Orlando, Florida, 32801.

12

Basic Financial Statements

13


14

PrimaryGovernment

The Foundationfor Orange

Governmental County PublicActivities Schools, Inc.

ASSETSCash 204,478,249$ 421,720$ Investments 1,468,424,936 640,139 Accounts Receivable 1,430,671 - Interest Receivable 1,054,746 - Deposits Receivable 55,000 1,284,697 Due From Other Agencies 66,322,533 - Inventories 6,172,236 - Deferred Charges 12,052,491 - Prepaid Expenses - 1,641 Capital Assets: Non-Depreciable 310,021,325 - Depreciable (Net) 2,874,936,292 5,895

Total Assets 4,944,948,479 2,354,092

DEFERRED OUTFLOWS OF RESOURCESAccumulated decrease in fair value of hedging derivatives 41,351,853 -

LIABILITIESAccounts Payable and Other Current Liabilities 72,904,137 392,042 Due to Other Agencies 1,617,097 - Estimated Unpaid Claims 12,500,000 - Matured Debt Payable 2,116,047 - Accrued Interest Payable 35,823,182 - Unearned Income 39,955,172 9,750 Long-Term Liabilities: Portion Due or Payable Within One Year: Bonds Payable 3,995,000 - Obligations Under Capital Lease 6,986,450 - Certificates of Participation Payable 24,629,006 - Compensated Absences Payable 11,781,738 - Estimated Insurance Claims Payable 5,591,180 - Portion Due or Payable After One Year: Bonds Payable 16,325,000 - Obligations Under Capital Lease 9,403,375 - Certificates of Participation Payable 1,314,175,428 - Hedging Derivative Instruments 41,351,853 - Compensated Absences Payable 98,061,896 - Estimated Insurance Claims Payable 6,676,623 - Other Post Employment Benefits 72,153,708 -

Total Liabilities 1,776,046,892 401,792

NET POSITIONNet Investment in Capital Assets 1,839,939,385 5,895 Restricted for: Capital Projects 976,465,902 - Debt Service 54,942,591 - Other Purposes 21,193,228 - State Categorical Programs 22,953,629 - Scholarships, Endowments, and Other Programs - 292,270 Unrestricted 294,758,705 1,654,135

Total Net Position 3,210,253,440$ 1,952,300$

The accompanying notes are an integral part of the basic financial statements.

Component Unit

ORANGE COUNTY PUBLIC SCHOOLSSTATEMENT OF NET POSITION

June 30, 2013

15


16

Net

(Exp

ense

) Rev

enue

and

Cha

nges

in N

et P

ositi

o nPr

imar

yG

over

nmen

tTh

e Fo

unda

tion

Ope

ratin

gC

apita

lfo

r Ora

nge

Cha

rges

for

Gra

nts

and

Gra

nts

and

Gov

ernm

enta

lC

ount

y Pu

blic

Func

tions

/Pro

gram

sEx

pens

esSe

rvic

esC

ontr

ibut

ions

Con

trib

utio

nsA

ctiv

ities

Scho

ols,

Inc.

Prim

ary

Gov

ernm

ent:

Gov

ernm

enta

l Act

iviti

es:

In

stru

ctio

n87

2,34

4,75

0$

5,18

4,14

9$

-

$

-

$

(8

67,1

60,6

01)

$

-$

P

upil

Per

sonn

el S

ervi

ces

43,3

56,9

59

-

-

-

(43,

356,

959)

-

In

stru

ctio

nal M

edia

Ser

vice

s15

,303

,137

-

-

-

(1

5,30

3,13

7)

-

Inst

ruct

ion

and

Cur

ricul

um D

evel

opm

ent

67,8

93,3

36

-

-

-

(67,

893,

336)

-

In

stru

ctio

nal S

taff

Trai

ning

Ser

vice

s37

,878

,658

-

-

-

(3

7,87

8,65

8)

-

Inst

ruct

iona

l Rel

ated

Tec

hnol

ogy

11,6

08,8

54

-

-

-

(11,

608,

854)

-

B

oard

of E

duca

tion

3,31

4,56

3

-

-

-

(3

,314

,563

)

-

G

ener

al A

dmin

istra

tion

7,72

8,93

7

-

-

-

(7

,728

,937

)

-

S

choo

l Adm

inis

tratio

n94

,678

,038

-

-

-

(9

4,67

8,03

8)

-

Fac

ilitie

s A

cqui

sitio

n &

Con

stru

ctio

n47

,001

,572

-

-

42

,384

,356

(4

,617

,216

)

-

F

isca

l Ser

vice

s5,

814,

923

-

-

-

(5,8

14,9

23)

-

Foo

d S

ervi

ces

79,2

41,9

15

12,5

92,1

61

70,6

55,2

48

-

4,00

5,49

4

-

Cen

tral S

ervi

ces

16,2

24,6

84

-

-

-

(16,

224,

684)

-

P

upil

Tran

spor

tatio

n S

ervi

ces

74,2

42,6

14

597,

560

-

-

(7

3,64

5,05

4)

-

Ope

ratio

n of

Pla

nt96

,008

,891

-

-

-

(9

6,00

8,89

1)

-

Mai

nten

ance

of P

lant

31,3

46,9

74

-

-

-

(31,

346,

974)

-

A

dmin

istra

tive

Tech

nolo

gy S

ervi

ces

17,2

59,8

25

-

-

-

(17,

259,

825)

-

C

omm

unity

Ser

vice

s13

,234

,981

7,

025,

085

-

-

(6,2

09,8

96)

-

Inte

rest

on

Long

-Ter

m D

ebt

74,3

85,8

24

-

-

4,98

1,57

6

(6

9,40

4,24

8)

-

Dep

reci

atio

n - U

nallo

cate

d (a

)77

,598

,551

-

-

-

(7

7,59

8,55

1)

-

Tota

l Prim

ary

Gov

ernm

ent

1,68

6,46

7,98

6$

25

,398

,955

$

70

,655

,248

$

47

,365

,932

$

(1

,543

,047

,851

)

-

Com

pone

nt U

nits

: T

he F

ound

atio

n fo

r Ora

nge

Cou

nty

Pub

lic

Sch

ools

, Inc

.78

1,17

4

-

-

-

-

(781

,174

)

Tota

l Com

pone

nt U

nits

781,

174

$

-

$

-

$

-

$

-

(781

,174

)

Gen

eral

Rev

enue

s: T

axes

:

Pro

perty

Tax

es, L

evie

d fo

r Gen

eral

Pur

pose

s58

0,08

8,30

6

-

Pro

perty

Tax

es, L

evie

d fo

r Cap

ital P

roje

cts

124,

764,

970

-

Sal

es T

axes

181,

301,

579

-

Flo

rida

Edu

catio

n Fi

nanc

e P

rogr

am42

9,17

1,84

9

-

G

rant

s an

d C

ontri

butio

ns N

ot R

estic

ted

to S

peci

fic P

rogr

ams

401,

855,

731

818,

701

M

isce

llane

ous

15,5

53,4

99

-

Unr

estri

cted

Inve

stm

ent E

arni

ngs

2,55

1,55

3

15

,118

Tota

l Gen

eral

Rev

enue

s an

d Tr

ansf

ers

1,73

5,28

7,48

7

833,

819

Cha

nges

in N

et P

ositi

on19

2,23

9,63

6

52

,645

Net

Pos

ition

- B

egin

ning

3,01

8,01

3,80

4

1,89

9,65

5

Net

Pos

ition

- E

ndin

g3,

210,

253,

440

$

1,95

2,30

0$

(a)

Exc

lude

s di

rect

dep

reci

atio

n ex

pens

e of

pro

gram

s.

The

acco

mpa

nyin

g no

tes

to th

e ba

sic

finan

cial

sta

tem

ents

are

an

inte

gral

par

t of t

he fi

nanc

ial s

tate

men

ts.

Prog

ram

Rev

enue

sC

ompo

nent

Uni

ts

OR

AN

GE

CO

UN

TY P

UB

LIC

SC

HO

OLS

STA

TEM

ENT

OF

AC

TIVI

TIES

For t

he F

isca

l Yea

r End

ed J

une

30, 2

013

17

Other Federal Other CapitalPrograms - Projects - Nonmajor Total

General Special Revenue Capital Projects Governmental GovernmentalFund Fund Fund Funds Funds

ASSETSCash 186,427,466$ -$ -$ 8,050,783$ 194,478,249$ Investments 247,179,110 - 853,576,474 250,962,347 1,351,717,931 Accounts Receivable 178,672 - - 2,407 181,079 Interest Receivable - - 820,885 231,899 1,052,784 Due From Other Funds 10,265,109 - - - 10,265,109 Due From Other Agencies 12,282,478 12,546,399 27,769,757 12,905,913 65,504,547 Inventories 3,293,508 - - 2,843,349 6,136,857

Total Assets 459,626,343$ 12,546,399$ 882,167,116$ 274,996,698$ 1,629,336,556$

LIABILITIES AND FUND BALANCESLiabilities: Salaries and Wages Payable 22,264,798$ 1,302,875$ -$ 613,261$ 24,180,934$ Payroll Deductions and Withholdings Payable 579 - - - 579 Accounts Payable 22,291,029 1,464,254 4,028,528 4,352,410 32,136,221 Construction Contracts Payable - - 8,662,947 201,445 8,864,392 Construction Contracts Payable - Retained Percentage - - 6,177,668 1,000 6,178,668 Due to Other Funds - 9,664,242 - 600,867 10,265,109 Due to Other Agencies 1,502,069 115,028 - - 1,617,097 Matured Debt Payable - - - 2,116,047 2,116,047 Deferred Revenue - - - 712,244 712,244

Total Liabilities 46,058,475 12,546,399 18,869,143 8,597,274 86,071,291

Fund Balances: Nonspendable 3,293,508 - - 2,843,349 6,136,857 Spendable: Restricted 27,647,503 - 863,297,973 252,779,605 1,143,725,081 Assigned 320,827,203 - - 10,776,470 331,603,673 Unassigned 61,799,654 - - - 61,799,654

Total Fund Balances 413,567,868 - 863,297,973 266,399,424 1,543,265,265

Total Liabilities and Fund Balances 459,626,343$ 12,546,399$ 882,167,116$ 274,996,698$ 1,629,336,556$


ORANGE COUNTY PUBLIC SCHOOLSBALANCE SHEET

GOVERNMENTAL FUNDSJune 30, 2013

18

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

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

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

3,184,957,617

Interest on long-term debt is accrued as a liability in the government-wide statementsbut is not recognized in the governmental funds until due, except for accrued interestreceived as part of a debt issue. Accrued Interest Payable - Government-Wide Statement of Net Assets (35,823,182)

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

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

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

62,494,864

Long-term liabilities are not due and payable in the current period and; therefore, are notreported as liabilities in the governmental funds. Long-term liabilities at year-end consist of: Bonds Payable (20,320,000)$ Obligations Under Capital Lease (16,389,825) Certificates of Participation (1,338,804,434) Compensated Absences Payable (109,843,634) Other Post Employment Benefits (OPEB) (72,153,708)

(1,557,511,601)

Total Net Position- Governmental Activities 3,210,253,440$


ORANGE COUNTY PUBLIC SCHOOLSRECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET

TO THE GOVERNMENT-WIDE STATEMENT OF NET POSITIONJune 30, 2013

19



REVENUESFederal Direct Sources: Reserve Officer Training Corps (ROTC) 1,290,063$ -$ -$ -$ 1,290,063$ Other Federal Direct Sources - 15,002,962 - 1,789,713 16,792,675

Total Federal Direct 1,290,063 15,002,962 - 1,789,713 18,082,738

Federal Through State Sources: Food Service - - - 69,505,688 69,505,688 Other Federal Through State Sources 4,307,201 113,561,895 - 7,956,868 125,825,964

Total Federal through State 4,307,201 113,561,895 - 77,462,556 195,331,652

State Sources: Florida Education Finance Program 429,171,849 - - - 429,171,849 Workforce Development 31,712,727 - - - 31,712,727 Categorical Programs 222,302,535 - - - 222,302,535 Food Service - - - 1,186,450 1,186,450 CO&DS Withheld for SBE/COBI Bond 105,207 - - 4,915,417 5,020,624 CO&DS Distribution - - - 2,080,813 2,080,813 Public Education Capital Outlay - - - 2,294,456 2,294,456 Other State Sources 1,161,562 - - - 1,161,562

Total State Sources 684,453,880 - - 10,477,136 694,931,016

Local Sources: Ad Valorem Taxes 580,088,306 - - 124,764,970 704,853,276 Local Sales Taxes - - 181,301,579 - 181,301,579 Impact Fees - - 39,446,508 - 39,446,508 Food Service - - - 12,592,160 12,592,160 Interest Income 1,817,651 - 617,660 444,465 2,879,776 Postsecondary Vocational Course Fees 5,145,296 38,852 - - 5,184,148 Other Local Sources 15,679,726 - 152,116 6,675,015 22,506,857

Total Local Sources 602,730,979 38,852 221,517,863 144,476,610 968,764,304

Total Revenues 1,292,782,123$ 128,603,709$ 221,517,863$ 234,206,015$ 1,877,109,710$


ORANGE COUNTY PUBLIC SCHOOLSSTATEMENT OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDSFor the Fiscal Year Ended June 30, 2013

20



EXPENDITURESCurrent: Instruction 820,174,368$ 46,382,308$ -$ 2,730,015$ 869,286,691$ Pupil Personnel Services 29,755,383 13,413,062 - 6,860 43,175,305 Instructional Media Services 14,811,546 438,905 - 1,919 15,252,370 Instruction and Curriculum Development 41,924,497 23,869,792 - 1,799,488 67,593,777 Instructional Staff Training Services 10,637,201 25,100,435 - 1,987,898 37,725,534 Instructional Related Technology 11,388,957 166,231 - 17,047 11,572,235 Board of Education 3,187,675 114,523 - - 3,302,198 General Administration 5,156,342 2,320,261 - 227,795 7,704,398 School Administration 93,887,175 311,682 - 138,746 94,337,603 Facilities Acquisition & Construction 8,082,757 5,258 16,175,936 1,613,219 25,877,170 Fiscal Services 5,617,606 174,181 - - 5,791,787 Food Services 475 30,528 - 79,288,989 79,319,992 Central Services 15,162,313 529,245 - 471,112 16,162,670 Pupil Transportation Services 58,368,620 6,429,996 - 77,014 64,875,630 Operation of Plant 95,616,511 342,224 - 78,728 96,037,463 Maintenance of Plant 31,011,100 42,714 - 6,248 31,060,062 Administrative Technology Services 15,751,539 289,360 - 1,191,586 17,232,485 Community Services 1,030,708 6,573,442 - 5,611,697 13,215,847 Capital Outlay: Facilities Acquisition & Construction 375,032 93,235 136,642,582 21,812,771 158,923,620 Other Capital Outlay 3,506,864 1,976,327 - 2,227,000 7,710,191 Debt Service: Principal - - - 29,392,238 29,392,238 Interest and Fiscal Charges - - - 65,624,781 65,624,781

Total Expenditures 1,265,446,669 128,603,709 152,818,518 214,305,151 1,761,174,047

Excess (Deficiency) of Revenues Over (Under) Expenditures 27,335,454 - 68,699,345 19,900,864 115,935,663

OTHER FINANCING SOURCES (USES) Proceeds from the Sale of Capital Assets 940,368 - 167,785 - 1,108,153 Insurance Loss Recoveries 75,773 - - - 75,773 Transfer In 11,655,922 - - 104,690,350 116,346,272 Transfer Out (6,670,000) - (2,553,680) (113,792,592) (123,016,272)

Total Other Financing Sources (Uses) 6,002,063 - (2,385,895) (9,102,242) (5,486,074)

Net Change in Fund Balances 33,337,517 - 66,313,450 10,798,622 110,449,589

Fund Balances, Beginning 380,230,351 - 796,984,523 255,600,802 1,432,815,676

Fund Balances, Ending 413,567,868$ -$ 863,297,973$ 266,399,424$ 1,543,265,265$


(continued)

ORANGE COUNTY PUBLIC SCHOOLSSTATEMENT OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDSFor the Fiscal Year Ended June 30, 2013

21

Net Change in Fund Balances - Governmental Funds 110,449,589$

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

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

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

58,250,931

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

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

1,318,947

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

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

29,392,238

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

Prior Year Accrual 25,743,189$ Less, Current Year Accrual 35,823,182

(10,079,993)

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

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

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

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

(10,340,356)

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

Change in Net Assets - Governmental Activities 192,239,636$



ORANGE COUNTY PUBLIC SCHOOLSRECONCILIATION OF THE GOVERNMENTAL FUNDS

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCESTO THE GOVERNMENT-WIDE STATEMENT OF ACTIVITIES

22

Variance withFinal Budget -

Original Final Actual Amounts Positive (Negative)REVENUESFederal Direct Sources: Reserve Officer Training Corps (ROTC) 1,130,000$ 1,130,000$ 1,290,063$ 160,063$

Total Federal Direct 1,130,000 1,130,000 1,290,063 160,063

Federal Through State Sources: Medicaid 1,671,000 1,671,000 4,307,201 2,636,201

Total Federal through State 1,671,000 1,671,000 4,307,201 2,636,201

State Sources: Florida Education Finance Program 448,908,407 448,908,407 429,171,849 (19,736,558) Workforce Development 31,712,727 31,712,727 31,712,727 - Categorical Programs 211,559,396 211,559,396 222,302,535 10,743,139 CO&DS Withheld for SBE/COBI Bond 100,861 100,861 105,207 4,346 Other State Sources 450,000 450,000 1,161,562 711,562

Total State Sources 692,731,391 692,731,391 684,453,880 (8,277,511)

Local Sources: Ad Valorem Taxes 578,591,813 578,591,813 580,088,306 1,496,493 Interest Income - - 1,817,651 1,817,651 Postsecondary Vocational Course Fees 2,449,184 2,449,184 5,145,296 2,696,112 Other Local Sources 1,969,303 1,969,303 15,679,726 13,710,423

Total Local Sources 583,010,300 583,010,300 602,730,979 19,720,679

Total Revenues 1,278,542,691 1,278,542,691 1,292,782,123 14,239,432

EXPENDITURESCurrent: Instruction 1,078,918,147 1,052,126,283 820,174,368 231,951,915 Pupil Personnel Services 58,237,791 58,237,791 29,755,383 28,482,408 Instructional Media Services 14,499,728 14,899,728 14,811,546 88,182 Instruction and Curriculum Development 51,325,168 51,325,168 41,924,497 9,400,671 Instructional Staff Training Services 2,271,533 10,671,533 10,637,201 34,332 Instructional Related Technology 13,752,270 13,752,270 11,388,957 2,363,313 Board of Education 3,420,283 3,420,283 3,187,675 232,608 General Administration 2,870,991 5,270,991 5,156,342 114,649 School Administration 84,801,994 94,201,994 93,887,175 314,819 Facilities Acquisition & Construction 7,594,580 8,219,548 8,082,757 136,791 Fiscal Services 6,079,953 6,079,953 5,617,606 462,347 Food Service - 35,000 475 34,525 Central Services 15,558,657 15,558,657 15,162,313 396,344 Pupil Transportation Services 57,872,497 58,472,497 58,368,620 103,877 Operation of Plant 115,343,844 115,343,844 95,616,511 19,727,333 Maintenance of Plant 33,514,357 33,514,357 31,011,100 2,503,257 Administrative Technology Services 25,061,549 25,061,549 15,751,539 9,310,010 Community Services - 1,050,000 1,030,708 19,292 Capital Outlay: Facilities Acquisition & Construction - 375,032 375,032 - Other Capital Outlay - 3,506,864 3,506,864 - Debt Service: Interest and Fiscal Charges 100,993 100,993 - 100,993 Total Expenditures 1,571,224,335 1,571,224,335 1,265,446,669 305,777,666

Excess (Deficiency) of Revenues Over (Under) Expenditures (292,681,644) (292,681,644) 27,335,454 320,017,098

OTHER FINANCIAL SOURCES Proceeds from Sale of Capital Assets -$ -$ 940,368$ 940,368$ Loss Recoveries - - 75,773 75,773 Transfer In 16,684,979 16,684,979 11,655,922 (5,029,057) Transfer Out (6,670,000) (6,670,000) (6,670,000) - Total Other Financial Sources 10,014,979 10,014,979 6,002,063 (4,012,916)

Net Change in Fund Balance (282,666,665) (282,666,665) 33,337,517 316,004,182

Fund Balance, Beginning 321,022,946 321,022,946 380,230,351 59,207,405

Fund Balance, Ending 38,356,281$ 38,356,281$ 413,567,868$ 375,211,587$


Budgeted Amounts

ORANGE COUNTY PUBLIC SCHOOLSSTATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCE - BUDGET TO ACTUALGENERAL FUND


General Fund

23


PositiveOriginal Final Actual Amounts (Negative)

REVENUES Other Federal Direct Sources -$ 36,222,100$ 15,002,962$ (21,219,138)$

Total Federal Direct - 36,222,100 15,002,962 (21,219,138)

Federal Through State Sources: Other Federal Through State Sources - 154,875,694 113,561,895 (41,313,799)

Total Federal through State - 154,875,694 113,561,895 (41,313,799)

Local Sources: Postsecondary Vocational Course Fees - 38,852 38,852 -

Total Local Sources - 38,852 38,852 -

Total Revenues - 191,136,646 128,603,709 (62,532,937)

EXPENDITURESCurrent: Instruction - 78,237,491 46,382,308 31,855,183 Pupil Personnel Services - 13,963,664 13,413,062 550,602 Instructional Media Services - 438,905 438,905 - Instruction and Curriculum Development - 28,223,241 23,869,792 4,353,449 Instructional Staff Training Services - 39,020,305 25,100,435 13,919,870 Instructional Related Technology - 186,829 166,231 20,598 Board of Education - 114,523 114,523 - General Administration - 7,503,115 2,320,261 5,182,854 School Administration - 786,311 311,682 474,629 Facilities Acquisition & Construction - 63,203 5,258 57,945 Fiscal Services - 278,221 174,181 104,040 Food Services - 50,330 30,528 19,802 Central Services - 3,614,101 529,245 3,084,856 Pupil Transportation Services - 6,735,978 6,429,996 305,982 Operation of Plant - 480,277 342,224 138,053 Maintenance of Plant - 46,327 42,714 3,613 Administrative Technology Services - 2,407,277 289,360 2,117,917 Community Services - 6,916,986 6,573,442 343,544 Capital Outlay: Facilities Acquisition & Construction - 93,235 93,235 - Other Capital Outlay - 1,976,327 1,976,327 - Total Expenditures - 191,136,646 128,603,709 62,532,937

Excess (Deficiency) of Revenues Over (Under) Expenditures - - - -

OTHER FINANCIAL SOURCES (USES) Transfer In -$ -$ -$ -$ Transfer Out - - - -

Total Other Financial Sources (Uses) - - - -

Net Change in Fund Balance - - - -

Fund Balance, Beginning - - - -

Fund Balance, Ending -$ -$ -$ -$


ORANGE COUNTY PUBLIC SCHOOLSSTATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCE - BUDGET TO ACTUAL

Budgeted Amounts

Other Federal Programs

OTHER FEDERAL PROGRAMS - SPECIAL REVENUE FUNDFor the Fiscal Year Ended June 30, 2013

24

GovernmentalActivities -

Internal ServiceFunds

ASSETSCurrent Assets: Cash 10,000,000$ Investments 116,707,005 Accounts Receivable 1,249,592 Interest Receivable 1,962 Deposits Receivable 55,000 Inventory 35,379 Total Current Assets 128,048,938 Noncurrent Assets: Furniture and Equipment 167,006 Less Accumulated Depreciation (141,529) Computer Software 1,100 Less Accumulated Depreciation (1,100) Total Noncurrent Assets 25,477

Total Assets 128,074,415

LIABILITIESCurrent Liabilities: Salaries and Wages Payable 15,664 Accounts Payable 1,527,679 Unearned Revenue 39,242,928 Estimated Unpaid Claims 18,091,180 Total Current Liabilities 58,877,451 Long-Term Liabilities: Estimated Insurance Claims Payable 6,676,623

Total Liabilities 65,554,074

NET POSITIONNet Investment in Capital Assets 25,477 Unrestricted 62,494,864

Total Net Position 62,520,341$


ORANGE COUNTY PUBLIC SCHOOLSSTATEMENT OF NET POSITION

PROPRIETARY FUNDSJune 30, 2013

25


Internal ServiceFunds

OPERATING REVENUES Charges for Services 5,220,871$ Premium Revenues 176,656,901 Other Operating Revenues 1,013,560 Total Operating Revenues 182,891,332

OPERATING EXPENSES Salaries 695,713 Employees Benefits 227,735 Purchased Services 13,251,881 Energy Services 82,500 Material and Supplies 491,567 Claims Expenses 161,790,649 Depreciation 9,127

Total Operating Expenses 176,549,172

Operating Income 6,342,160

NONOPERATING REVENUES/(EXPENSES) Interest (328,225)

Total Nonoperating Revenues/(Expenses), net (328,225)

Income Before Transfers 6,013,935

Transfer In 6,670,000

Change in Net Position 12,683,935

Total Net Position, Beginning 49,836,406

Total Net Position, Ending 62,520,341$



ORANGE COUNTY PUBLIC SCHOOLSSTATEMENT OF REVENUES, EXPENSES, AND

CHANGES IN NET POSITIONPROPRIETARY FUNDS

26


Internal ServiceFund

CASH FLOWS FROM OPERATING ACTIVITIES Receipts from Interfund Services Provided 181,861,745$ Payments to Suppliers of Goods or Services (171,731,477) Payments to Employees (919,234) Other Operating Cash Receipts 1,013,560

Net Cash Provided by Operating Activities 10,224,594

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Payments from Other Funds 6,670,000

Net Cash Provided by Noncapital Financing Activities 6,670,000

CASH FLOWS FROM CAPITAL AND RELATED FINANCING Acquisition of Capital Assets (10,076)

Net Cash Used in Capital and Related Financing Activities (10,076)

CASH FLOWS FROM INVESTING ACTIVITIES Investment Earnings, net (285,991) Proceeds from Sale of Investments, net (11,598,527)

Net Cash Used in Investment Activities (11,884,518)

Net Increase in Cash 5,000,000

Cash, Beginning of Year 5,000,000

Cash, End of Year 10,000,000$

Reconciliation of Operating Income to Net Cash Provided by Operating Activities: Operating Income 6,342,160$ Adjustments to Reconcile Operating Income to Net Cash Provided by Operating Activities: Depreciation 9,127 Changes in Assets and Liabilities: Increase in Accounts Receivable (16,027) Increase in Inventory (17,948) Decrease in Accounts Payable (604,939) Increase in Salaries and Benefits Payable 4,214 Increase in Deferred Revenues 2,612,797 Increase in Estimated Unpaid Claims 1,895,210

Total Adjustments 3,882,434

Net Cash Provided by Operating Activities 10,224,594$

Noncash Investing Activities Net Decrease in the Fair Value of Investments (1,782,155)$


ORANGE COUNTY PUBLIC SCHOOLSSTATEMENT OF CASH FLOWS

PROPRIETARY FUNDSFor the Fiscal Year Ended June 30, 2013

27

Agency FundsStudent and ClubActivities Funds

ASSETS Cash and Cash Equivalents 12,207,967$ Investments 2,796,271 Accounts Receivable, Net 107,935 Inventory 546,108

Total Assets 15,658,281$

LIABILITIES Accounts Payable 1,100,877$ Internal Accounts Payable 14,557,404

Total Liabilities 15,658,281$


ORANGE COUNTY PUBLIC SCHOOLSSTATEMENT OF FIDUCIARY ASSETS AND LIABILITIES

FIDUCIARY FUNDSJune 30, 2013

28


NOTES TO BASIC FINANCIAL STATEMENTS June 30, 2013

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

29



The component unit columns in the government-wide financial statements include the financial data of the Foundation for Orange County Public Schools, Inc. (the Foundation). The Foundation is considered to be a component unit of the District. The Foundation will be reported in a separate column in the basic financial statements to emphasize that it is legally separate from the District. The Foundation is a separate nongovernmental not-for-profit corporation organized and operated as a direct-support organization under Section 1001.453, Florida Statutes, and as such the Foundation is approved by the Board. The Foundation was formed to provide charitable and educational aid to the District and to receive, hold, invest and administer property and to make expenditures for the benefit of the District, which is able to impose its will on the Foundation. An audit of the Foundation’s financial statements, for the fiscal year ended June 30, 2013, is conducted by an independent certified public accountant and is on file at the District’s administrative office. Measurement Focus, Basis of Accounting and Financial Statement Presentation The accounting and financial reporting treatment applied to a fund is determined by its measurement focus. The basis of accounting refers to when revenues and expenditures are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurement made, regardless of the measurement focus applied. Government-Wide Financial Statements – The Government-Wide Financial Statements are prepared under the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash transaction takes place. Nonexchange transactions, in which the District gives or receives value without directly receiving or giving value in exchange, include property taxes, grants, entitlements and donations. On an accrual basis, revenue from property taxes is recognized in the fiscal year for which the taxes are levied. Revenue from grants, entitlements and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied. The Statement of Net Position and the Statement of Activities present financial information about the District’s governmental activities. These statements include the financial activities of the government in its entirety, except for those that are fiduciary. Governmental activities, which normally are supported by taxes and inter-governmental revenues, are reported separately from business-type activities, which are generally supported by fees charged. The District currently does not have any business-type activities. The Statement of Net Position includes all assets, deferred outflows, liabilities, and deferred inflows of the District. The Statement of Activities presents a comparison between the direct expenses and program revenues for each function or program of the District’s governmental activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. Depreciation expenses associated with the District’s transportation and maintenance departments are allocated to the transportation and maintenance of plant functions, while remaining depreciation expenses are not readily associated with a particular function and are reported as unallocated. Amounts reported as program revenues include 1) charges for services provided to students for tuition, fees, rental, material, supplies, or other services, 2) operating grants and contributions, and 3) capital grants and contributions. Revenues that are not classified as program revenues, including all taxes, are presented as general revenues. The comparison of direct expenses with program revenues identifies the extent to which each governmental function is self-financing or draws from the general revenues of the District.

30



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

31



General Fund - to account for all financial resources not required to be accounted for in another fund, and for certain revenues from the State that are legally restricted to be expended for specific current operating purposes. The General Fund is the District’s primary operating fund.

Special Revenue – Other Federal Programs - to account for funds from the State or Federal Government

which are restricted for Federal programs. Capital Projects - Other Capital Projects Fund - to account for the financial resources generated by

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

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

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

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

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

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

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

collected at all schools in connection with school, student athletic, class, and club activities. When both restricted and unrestricted resources are available for use, it is the District’s policy to use restricted resources first, and then unrestricted resources as they are needed. Budgetary Information The Board follows procedures established by State statutes and State Board of Education rules in establishing budget balances for governmental funds as described below: - Annually, budgets are prepared, public hearings are held, and original budgets are adopted for all

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

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

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

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

funds.

32



- Budgetary information is integrated into the accounting system and, to facilitate budget control, budget balances are encumbered when purchase orders are issued. Appropriations lapse at fiscal year-end and encumbrances outstanding are honored from the subsequent year's appropriations.

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

after amendments approved by the Board. Cash and Cash Equivalents Cash deposits are held in banks that qualify as public depositories under Florida law. All deposits are insured by Federal depository insurance and/or collateralized with securities held in Florida’s multiple financial institution collateral pool required by Sections 280.07 and 280.08, Florida Statutes. For the Internal Service Funds, the statement of cash flows considers cash as those accounts used as demand deposit accounts. Cash balances from all funds are combined and invested to extent available. Earnings are allocated monthly to each fund based on average daily balances of cash and investments. Investments Investments consist of amounts placed with various money market mutual funds which hold a majority of U.S. government securities, municipal securities and repurchase agreements. All money market mutual funds are AAA rated by the various rating agencies and each fund is registered as a 2a-7 fund with the SEC. Rule 2a-7 of the Investment Company Act of 1940, comprises the rules governing money market funds. The investment earnings from the money market funds are allocated to each fund based on end of month investment balances in that fund. Investments also consist the State of Florida’s Special Purpose Investment Account (SPIA) authorized in Section 17.61(1), Florida Statutes, Florida Prime (formally SBA), Florida public depository, and United States government securities. All investments are reported at fair value based on quoted market prices. The District’s investment in SPIA is part of an investment pool managed by the Florida Department of Treasury, where the District owns a share of the pool, not the underlying shares of the assets in the pool. The District relies on policies developed by the State Treasury for managing interest and credit risk for this external investment pool. Inventories Inventories consist of expendable supplies held for consumption in the course of District operations. Transportation, custodial and school supply inventories are stated at cost on a weighted average basis. Food service inventories are stated at cost on the last invoice basis, which approximates the first-in, first-out basis, except that United States Department of Agriculture surplus commodities are stated at their fair value as determined at the time of donation to the District’s food service program by the Florida Department of Agriculture and Consumer Services, Bureau of Food Distribution. The costs of inventories are recorded as expenditures when used rather than purchased. Capital Assets and Depreciation Expenditures for capital assets acquired or constructed for general District purposes are reported in the governmental fund that financed the acquisition or construction. The capital assets so acquired are reported at cost in the government-wide statement of net position, but are not reported in the governmental fund financial statements. Capital assets are defined by the District as those costing more than $1,000 for furniture, fixtures and equipment; motor vehicles; audio visual materials; computer software; improvements other than buildings; buildings and fixed equipment; and construction in progress and which have an

33



estimated life of two or more years. All land purchases are capital assets regardless of cost. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated assets are recorded at fair value at the date of donation. The costs of normal maintenance and repairs that do not add to the values of the assets or materially extend assets lives are not capitalized and are expensed as incurred. Interest costs incurred during construction of capital assets are not considered material and are not capitalized as part of the cost of construction. Capital assets of the primary government, excluding land and construction in progress, are depreciated using the straight-line method over the following estimated useful lives:

Description Estimated Lives

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

Current-year information relative to changes in capital assets is described in a subsequent note. Long-Term Liabilities Long-term liabilities that will be financed from resources to be received in the future by governmental funds are reported as liabilities in the government-wide statement of net position. Bond premiums and discounts, as well as issuance costs and deferred amounts on refunding, are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount and deferred amounts on refunding. Bond issuance costs are reported as deferred charges and amortized over the term of the related debt. In the governmental fund financial statements, bonds and other long-term obligations are not recognized as liabilities until due. Governmental fund types recognize bond premiums and discounts, as well as bond issuance costs and deferred amounts on refunding, during the current period. The face amount of debt issued is reported as another financing source while discounts on debt issuances and deferred amounts on refunding are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. In the government-wide financial statements, compensated absences (i.e., paid absences for employee vacation leave and sick leave) are accrued as liabilities to the extent that it is probable that the benefits will result in termination payments. A liability is reported in the governmental fund financial statements only for the portion due and payable at year-end. Other Postemployment Benefits (OPEB) are reported in the government-wide financial statements. The District subsidizes the premium rates paid by the retirees by allowing them to participate in the health plan at the blended group premium rates for both active and retired employees. OPEB is recorded by the District for the implicit subsidy for retirees because, on an actuarial basis, their current and future claims are expected to result in higher costs to the District than those of active employees. The District funds OPEB on a pay-as-you-go basis. Additional information on OPEB is described in a subsequent note. Changes in long-term debt for the current year are reported in a subsequent note.

34



Fund Balance Flow Assumptions Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted sources (the total of restricted, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the District’s procedure to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, assigned fund balance is depleted first followed by unassigned fund balance. Fund Balance Policies Fund balance of governmental funds is reported in various categories based on the nature of any limitations requiring the use of resources for specific purposes. The government itself can establish limitations on the use of resources through either a commitment (committed fund balance) or an assignment (assigned fund balance). The Board does not have a policy regarding the commitment or assignment of fund balances, however, by resolution, the Board has given the ability to assign fund balance to the Superintendent and the Chief Financial Officer. As such, the District does not report any committed fund balance. Amounts in the assigned fund balance classification are intended to be used by the government for specific purposes. The District also assigns fund balance when appropriating fund balance to cover a gap between estimated revenue and appropriations in the subsequent year’s appropriated budget. State Revenue Sources Revenues from State sources for current operations are primarily from the Florida Education Finance Program administered by the Florida Department of Education (the Department) under the provisions of Section 1011.62, Florida Statutes. In accordance with this law, the District determines and reports the number of full-time equivalent (FTE) students and related data to the Department. The Department performs certain edit checks on the reported number of FTE and related data, and calculates the allocation of funds to the District. The District is permitted to amend its original reporting for a period of six months following the date of the original reporting. Such amendments may impact funding allocations for subsequent years. The Department may also adjust subsequent fiscal period allocations based upon an audit of the District's compliance in determining and reporting FTE and related data. Normally, such adjustments are treated as reductions or additions of revenue in the year when the adjustments are made. The State of Florida (the State) provides financial assistance to administer certain categorical educational programs. State Board of Education rules require that revenue earmarked for certain programs be expended only for the program that the money is provided, and require that the money not expended as of the close of the fiscal year be carried forward into the following year to be expended for the same categorical educational programs. The Department generally requires that categorical educational program revenues be accounted for in the General Fund. A portion of the fund balance of the General Fund is restricted in the governmental funds financial statements for the balance of categorical educational program resources. The State allocates gross receipts taxes, generally known as Public Education Capital Outlay money, to the District on an annual basis. The District is authorized to expend these funds only upon applying for and receiving an encumbrance authorization from the Department. A schedule of revenue from State sources for the current year is presented in a subsequent note.

35



District Property Taxes The Board is authorized by State law to levy property taxes for district school operations, capital improvements, and debt service. Property taxes consist of ad valorem taxes on real and personal property within the District. The Orange County Property Appraiser determines the real and personal property values within the District. The Orange County Tax Collector then collects the taxes and remits them to the District. The Board adopted the 2012 tax levy on September 11, 2012. Taxes become an enforceable lien on property as of January 1; tax bills are mailed in October and taxes are payable between November 1 of the year assessed and March 31 of the following year at discounts of up to 4% for early payment. Taxes become delinquent on April 1 of the year following the year of assessment. State law provides for enforcement of collection of personal property taxes by seizure of the property to satisfy unpaid taxes, and for enforcement of collection of real property taxes by the sale of interest-bearing tax certificates to satisfy unpaid taxes. The procedures result in the collection of essentially all taxes prior to June 30 of the year following the year of assessment. Property tax revenues are recognized in the government-wide financial statements when the Board adopts the tax levy. Property tax revenues are recognized in the governmental fund financial statements when the District receives taxes, except the revenue that is accrued for taxes collected by the Orange County Tax Collector at fiscal year-end but not yet remitted to the District. Because any delinquent taxes collected after June 30 would not be material, delinquent taxes receivable are not accrued and no delinquent tax revenue deferral is recorded. Millages and taxes levied for the current year are presented in a subsequent note. Federal Revenue Sources The District receives Federal awards for the enhancement of various educational programs. Federal awards are generally received based on applications submitted to, and approved by, various granting agencies. For Federal awards for which a claim to these grant proceeds is based on incurring eligible expenditures, revenue is recognized to the extent that eligible expenditures have been incurred. Impact of Recently Issued Accounting Principles Recently Issued and Adopted Accounting Pronouncements In November 2010, the GASB issued Statement 60, Accounting and Financial Reporting for Service Concession Arrangements. GASB 60 provides financial reporting guidance for service concession arrangements (SCAs). SCAs are defined as an arrangement between a transferor (a government) and an operator (governmental or nongovernmental entity) in which (1) the transferor conveys to an operator the right and related obligation to provide services through the use of infrastructure or another public asset (a “facility”) in exchange for significant consideration and (2) the operator collects and is compensated by fees from third parties. This statement is effective for periods beginning after December 15, 2011. The District does not have any SCAs and therefore the adoption of GASB 60 does not have any impact on the District’s financial statements. In November 2010, the GASB issued Statement 61, The Financial Reporting Entity: Omnibus an amendment of GASB Statements No 14 and No. 34. GASB 61 provides additional criteria for classifying entities as component units to better assess the accountability of elected officials by ensuring that the financial reporting entity includes only organizations for which the elected officials are financial accountable

36



or that are determined by the government to be misleading to exclude. This statement is effective for periods beginning after June 15, 2012. The District has implemented this statement for fiscal year 2013. In December 2010, the GASB issued Statement 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements. GASB 62 incorporates into the GASB’s authoritative literature certain accounting and financial reporting guidance that is included in the following pronouncements issued on or before November 30, 1989, which does not conflict with or contradict GASB pronouncements: Financial Accounting Standards Board (FASB) Statements and Interpretations, Accounting Principles Board Opinions and Accounting Research Bulletins of the American Institute of Certified Public Accountants’ (AICPA) Committee on Accounting Procedure. This statement is effective for periods beginning after December 15, 2011 although the District elected to early implement GASB 62 in fiscal year 2012. The adoption of GASB 62 did not have any impact on the District’s financial statements. In June 2011, the GASB issued Statement 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources, and Net Position. GASB 63 provides guidance for reporting deferred outflows of resources, deferred inflows of resources, and net position in a statement of financial position and related disclosures. The statement of net assets is renamed the statement of net position and includes four components: assets, deferred outflows of resources, liabilities and deferred inflows of resources. The provisions of this Statement are effective for financial statements for periods beginning after December 15, 2011. The District has implemented this statement for fiscal year 2013. In June 2011, the GASB issued Statement 64, Derivative Instruments: Application of Hedge Accounting Termination Provisions – an amendment of GASB Statement No. 53. GASB 64 provides clarification on whether an effective hedging relationship continues after the replacement of a swap counterparty or a swap counterparty’s credit support provider. This Statement is effective for period beginning after June 15, 2011. The adoption of GASB 64 does not have any impact on the District’s current financial statements. In March 2012, the GASB issued Statement 66, Technical Corrections-2012-an amendment of GASB Statements No. 10 and No. 62. GASB 66 improves accounting and financial reporting for a governmental financial reporting entity by resolving conflicting guidance that resulted from the issuance of two pronouncements, Statements No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, and No. 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements. This Statement is effective for periods beginning after December 15, 2012 although the District elected to early implement Statement 66 in fiscal year 2012. The adoption of GASB 66 did not have any impact on the District’s financial statements. Recently Issued Accounting Pronouncements In March 2012, the GASB issued Statement 65, Items Previously Reporting as Assets and Liabilities. GASB 65 establishes accounting and financial reporting standards that reclassify, as deferred outflows of resources or deferred inflows or resources, certain items that were previously reporting as assets and liabilities and recognizes, as outflows or resources or inflows or resources, certain items that were previously reported as assets and liabilities. This Statement is effective for periods beginning after December 15, 2012. Management is currently evaluating the impact of the adoption of this statement on the District’s financial statements. In June 2012, the GASB issued Statement 67, Financial Reporting for Pension Plans- an amendment of GASB Statement 25. GASB 67 improves financial reporting by state and local governmental pension plans. The requirements of this Statement will improve financial reporting primarily through enhanced note disclosures and schedules of required supplementary information that will be presented by the pension

37



plans that ware within its scope. This Statement is effective for financial statements for fiscal years beginning after June 15, 2013. This Statement will not impact the District’s financial statements. In June 2012, the GASB issued Statement 68, Accounting and Financial Reporting for Pensions–an amendment of GASB Statement 27. GASB 68 improves accounting and financial reporting by state and local governments for pensions. It also improves information provided by state and local governmental employers about financial support for pensions that is provided by other entities. This Statement results from a comprehensive review of the effectiveness of existing standards of accounting and financial reporting for pensions with regard to providing decision-useful information, supporting assessments of accountability and inter-period equity, and creating additional transparency. This Statement is effective for fiscal years beginning after June 15, 2014. Management is currently evaluating the impact of the adoption of this statement on the District’s financial statements. In January 2013, the GASB issued Statement 69, Government Combinations and Disposals of Government Operations. GASB 69 establishes accounting and financial reporting standards related to government combinations and disposals of government operations. This Statement is effective for financial statements for fiscal years beginning after December 15, 2013. Management is currently evaluating the impact of the adoption of this statement on the District’s financial statements. In April 2013, the GASB issued Statement 70, Accounting and Financial Reporting for Nonexchange Financial Guarantees. GASB 70 improves accounting and financial reporting by state and local governments that extend and receive nonexchange financial guarantees. This Statement is effective for fiscal years beginning after June 15, 2013. Management is currently evaluating the impact of the adoption of this statement on the District’s financial statements.

38



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

Investment MaturitiesLess Than

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

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

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

Florida Education Investment Trust Fund 100,203,940 100,203,940 - - - -

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

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

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

Total Investments, Primary Government 1,468,424,936$ 1,252,449,052$ 11,062,870$ 46,739,302$ 37,829,934$ 120,343,778$

Fiduciary Funds: FL Special Purpose Investment Account (SPIA) 2,796,271 2,796,271 - - - - Total Investments, Reporting Entity 1,471,221,207$ 1,255,245,323$ 11,062,870$ 46,739,302$ 37,829,934$ 120,343,778$

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

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

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

39



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

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

As of June 30, 2013, the District investments in the State of Florida Special Purpose Investment Account (SPIA) totaled $732,395,022 which is rated A+f by S&P with a weighted maturity of 2.65 years. These funds allocate investment earnings monthly. As of June 30, 2013, the District investments in 2 SBA accounts totaled $376,709,586 which are 2a-7 like funds with a weighted maturity of 40 days and are AAA rated by S&P. These funds allocate investment earnings monthly. As of June 30, 2013, the District investments in the Florida Education Investment Trust Fund totaled $100,203,940. These funds are rated AAAm by S&P. The fund is also a 2a-7 fund with a weighted maturity of 44 days. As of June 30, 2013, the District investments in commercial paper were $37,146,594. These funds are rated A1, P1 as required by the district’s investment policy. The District holds these funds under a trust indenture in connection with the Certificates of Participation, Series 1999, 2002 QZAB, 2007, 2009A, 2009B QSCB and 2010A QSCB for unspent construction proceeds.

40



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

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

General Fund:Orange County Tax Collector

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

Special Revenue - Other Federal Programs Fund:United States Department of Education

Federal Grant Reimbursements 1,143,280 Florida Department of Education

Federal Grant Reimbursements 10,565,195 Miscellaneous Grantor Agencies 837,924

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

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

Unremitted Impact Fee Collections 4,003,928 City of Orlando - Unremitted Impact Fee Collections 6,294,307 Miscellaneous Cities Impact Fee Collections 1,556,635

Nonmajor Governmental Funds:Special Revenue Funds:

Food Service Fund:Florida Department of Education

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

Florida Department of EducationFederal Grant Reimbursements 775,843

Capital Improvement Tax Fund:Orange County Tax Collector

Unremitted Property Taxes 2,629,072 Governmental Activities 817,986 Total Due From Other Agencies 66,322,533$

41



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

Primary GovernmentBalance Balance

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

Capital Assets Not Being Depreciated:Land 252,770,456$ 4,280,951$ -$ 257,051,407$ Construction in Progress 123,554,695 143,543,126 214,127,903 52,969,918

Total Capital Assets Not BeingDepreciated 376,325,151 147,824,077 214,127,903 310,021,325

Capital Assets Being Depreciated:Improvements Other Than Buildings 18,624,530 1,444,760 - 20,069,290 Buildings and Fixed Equipment 3,210,855,686 214,130,903 36,025,702 3,388,960,887 Furniture, Fixtures and Equipment 141,495,778 13,740,831 11,712,464 143,524,145 Motor Vehicles 119,601,369 3,619,787 8,219,488 115,001,668 Audio-Visual Materials 6,928 - - 6,928 Computer Software 7,622,746 1,357 94,042 7,530,061

Total Capital Assets BeingDepreciated 3,498,207,037 232,937,638 56,051,696 3,675,092,979

Less Accumulated Depreciation For:Improvements Other Than Buildings (10,198,203) (981,372) - (11,179,575) Buildings and Fixed Equipment (565,709,143) (65,384,969) (15,912,834) (615,181,278) Furniture, Fixtures and Equipment (90,404,618) (11,405,319) (10,665,306) (91,144,631) Motor Vehicles (79,770,246) (9,105,179) (8,211,579) (80,663,846) Audio-Visual Materials (6,603) (325) - (6,928) Computer Software (1,736,690) (337,780) (94,041) (1,980,429)

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

Total Capital Assets BeingDepreciated, net 2,750,381,534 145,722,694 21,167,936 2,874,936,292

Governmental Activities CapitalCapital Assets, net 3,126,706,685$ 293,546,771$ 235,295,839$ 3,184,957,617$

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

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

Total Depreciation Expense 87,214,944$

42



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

Asset Description

Asset Balance

Buses, vehicles and equipment $ 50,715,495

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

Fiscal Year Ending June 30 Total Principal Interest

2014 7,682,946$ 6,986,450$ 696,496$ 2015 6,105,578 5,681,237 424,341 2016 1,978,843 1,822,878 155,965 2017 1,978,843 1,899,260 79,583

Total Minimum Lease Payments 17,746,210 16,389,825 1,356,385

Less Interest (1,356,385) -

Present Value of Minimum Payments 16,389,825$ 16,389,825$ 1,356,385$

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

43



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

Remaining FacilityAmount Amount Interest Rates Lease Term

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

1997A $351,057,075 6,817,073$ 6.00 20132002-QZAB (1) 3,900,000 846,419 None 20162003 11,720,000 1,460,000 3.50 20132004 91,300,000 91,300,000 3.75-5.00 20292005A (2) 125,460,000 114,055,000 3.70-5.00 20222005B (3) 66,585,000 60,475,000 3.70-5.00 20252006A (4) 145,215,000 145,215,000 5.00 20312006B (5) 111,165,000 111,165,000 4.25-5.00 20242007A (6) 165,425,000 148,025,000 4.00-5.00 20322008B (7) 105,000,000 105,000,000 Synthetic 4.412 20322008C (8) 47,845,000 41,045,000 Synthetic 4.615 20252008D (9) 49,255,000 46,485,000 4.00-5.00 20372008E (10) 51,020,000 51,020,000 Synthetic 5.112 20222009A (11) 185,000,000 185,000,000 4.00-5.50 20342009B-QSCB (12) 35,820,000 35,820,000 1.15 20242010A-QSCB (13) 36,229,000 36,229,000 None 20292012A (14) 71,500,000 56,445,000 5.00 20192012B (15) 80,910,000 78,730,000 3.00-5.00 2027

Total 1,315,132,492$

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

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

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

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

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

44



(6) On June 29, 2007, the Leasing Corporation issued COPs Series 2007A and Series 2007B to finance the cost of the acquisition and construction of certain educational facilities and related furniture, fixtures, equipment and technology; and costs associated with the issuance of Series 2007A and Series 2007B COPs.

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

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

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

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

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

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

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

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

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

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

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

45



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

Certificates Description of Property

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

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

Series 2000A Three elementary schools.

Series 2000B One high school.

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

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

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

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

Series 2003 Financing and refinancing 295 premanufactured concretemodular structures.

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

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

Series 2005B Refunding of COPs, Series 2000A.

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

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

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

Series 2007C Refunding of COPs, Series 1997A

Series 2008B Refunding of COPs, Series 2007B

Series 2008C Refunding of COPs, Series 2000B

Series 2008D Refunding of COPs, Series 2002B

Series 2008E Refunding of COPs, Series 2007C

Series 2009A Two replacement high schools.

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

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

Series 2012A Refunding of COPs, Series 2001A

Series 2012B Refunding of COPs, Series 2002A

46



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

Total Principal Interest

2014 105,504,777$ 22,378,680$ 83,126,097$ 2015 94,889,418 33,236,605 61,652,813 2016 95,644,511 35,571,605 60,072,906 2017 95,399,804 37,066,605 58,333,199 2018 95,134,419 38,630,000 56,504,419

2019-2023 481,234,608 230,340,000 250,894,608 2024-2028 512,479,105 327,420,000 185,059,105 2029-2033 510,293,695 412,329,000 97,964,695 2034-2035 188,089,972 178,159,997 9,929,975

Total Minimum Lease Payments 2,178,670,309$ 1,315,132,492$ 863,537,817$

Add: Unamortized Premium 23,671,942 23,671,942 - Less: Interest (863,537,817) - (863,537,817)

Total Certificates of Participation 1,338,804,434$ 1,338,804,434$ -$

Fiscal Year Ending June 30,

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

Fiscal YearEnding Interest Rate

June 30, Principal Interest Swaps, Net Total

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

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

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

47



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


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

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

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

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


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

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

48



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

Governmental ActivitiesHedging Derivatives: Classification Amount Classification Amount Notional

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

2008C Pay-fixed Interest Rate Swap Deferred Outflow 3,037,253$ Liability (8,507,824) 41,045,000 of Resources

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

Total Hedging Derivative Instruments (41,351,853)$

Change in Fair Value Fair Value at June 30, 2013

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

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

49



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

Bond Type

Interest Rates (Percent)

Annual Maturity To

Amount Outstanding

State School Bonds:

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

4.1 – 5.25 2.0 – 5.0 2.0 – 5.0

2020 2019 2022

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

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

50



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

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

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

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

51



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

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

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

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

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

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

Lease 24,620,459 - 8,230,634 16,389,825 6,986,450 Estimated Insurance Claims

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

Total 1,590,933,709$ 27,432,518$ 48,586,823$ 1,569,779,404$ 52,983,374$

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

52



Assigned - Fund balances that contain self imposed constraints of the government to be used for a particular purpose. Unassigned – Fund balance of the general fund that does not have a constraint for any particular purpose. The District has classified its fund balances with the following hierarchy: Nonspendable: The District has inventories totaling $6,136,857 that are classified as nonspendable. Spendable: The District has classified the spendable fund balances as Restricted, Assigned and Unassigned and considered each to have been spent when expenditures are incurred. The District does not have a policy regarding the commitment or assignment of fund balances, however, by resolution, the Board has given the ability to assign fund balance to the Superintendent and the Chief Financial Officer. As such, the District does not report any Committed fund balance. When restricted, assigned, and unassigned funds are available for use, the District’s procedures are to use the restricted funds first, followed by the assigned funds and then the unassigned funds last. Restricted for State Categorical Programs, State Grants, Food Service, Debt Service and Capital Projects: Federal Laws, Florida Statutes and local ordinances require that certain revenues be specifically designated for the purposes of state categorical programs, food service, debt service, and capital projects. These funds have been included in the restricted category of fund balance. The restricted fund balances totaled $1,143,725,081 and represented $23,494,153 in State categorical programs, $4,153,350 in State Grants, $18,349,878 in food service, $90,765,773 in debt service and $1,006,961,927 in capital projects. Assigned for School Operations and Capital Projects: The assigned fund balances totaled $331,603,673. The Chief Financial Officer of the Board has assigned in the General Fund the OPEB liability of $72,153,708; Board Projects of $14,478,841; and School Rollover Budgets of $76,110,877. In addition, in accordance with GASB 54, the District reports outstanding encumbrances, of $2,098,370, that have not been previously reported as restricted or assigned and $155,985,407 in the current year General Funds unassigned fund balance needed to eliminate expected expenditures over expected revenues, in the subsequent year budget approved by the Board, as assigned fund balance of the General Fund. In addition, $10,776,470 is a positive fund balance of non-General Funds that have not been previously reported as nonspendable or restricted is reported as assigned fund balance. Unassigned: The unassigned fund balance for the General Fund is $61,799,654.

53



Special Revenue - Capital Projects -Other Other

Description General Fund Federal Capital Projects Nonmajor TotalPrograms Fund Governmental Governmental

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

Restricted: Categorical Programs 23,494,153 - - - 23,494,153 State Grants 4,153,350 - - - 4,153,350 Special Revenues - Food Service - - - 18,349,878 18,349,878 Debt Service - - - 90,765,773 90,765,773 Capital Projects - . 863,297,973 143,663,954 1,006,961,927

Assigned: School Operations: Encumbrances 2,098,370 - - - 2,098,370 Board Projects 14,478,841 - - - 14,478,841 School Rollover Budgets 76,110,877 - - - 76,110,877 Next Year's Budget Deficit 155,985,407 - - - 155,985,407 Other Purposes OPEB 72,153,708 - - - 72,153,708 Special Revenues - Other - - - 10,776,470 10,776,470

Unassigned: 61,799,654 - - - 61,799,654

Total Fund Balance 413,567,868$ -$ 863,297,973$ 266,399,424$ 1,543,265,265$

Major Funds

The District has not established a contingency reserve or “Rainy Day Fund”. Instead the Board has approved in the budget to set aside 3 percent of recurring budgeted revenues at the beginning of each year to cover unforeseen events (e.g. revenue shortfalls, student enrollment under projections, etc.). At the end of the fiscal year, the unassigned general fund balance was $61,799,654 or 4.5 percent of general fund total budgeted revenues for fiscal year 2014.

54



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

Receivables PayablesFunds Due From Due To

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

Nonmajor Governmental Funds:Special Revenue - ARRA - 600,867

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

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

Transfer TransferFunds In Out

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

Nonmajor Governmental FundsDebt Service - Other 104,690,350 - Capital Projects - PECO - 2,294,456 Capital Projects - Local Capital Improvement Tax - 111,498,136

Internal Service FundsEmployee Benefits 6,670,000 -

Total 123,016,272$ 123,016,272$

Interfund

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

55



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

Sources Amount

Florida Education Finance Program 429,171,849$ Categorical Educational Programs 218,631,168 Workforce Development 31,712,727 CO&DS Withheld for SBE/COBI Bonds 5,020,625 Voluntary Pre-Kindergarten Program 3,671,367 Charter Schools Capital Outlay 2,294,456 CO&DS Distributed to District 2,080,813 Food Service Supplement 1,186,450 State License Tax 629,269 Adults With Disabilities 257,183 Other State Sources 275,109

Total 694,931,016$

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

Millages Taxes LeviedGeneral FundNonvoted School Tax:

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

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

Capital Projects FundsNonvoted Tax:

Local Capital Improvement 1.500 129,557,138

Total 8.478 732,256,943$

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

56



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

of the Above Classes or Plans

0.00

5.44

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

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

57



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

Description Amount

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

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

Annual OPEB Cost (Expense) 14,615,227

Contribution Toward the OPEB Cost 4,274,871

Increase in Net OPEB Obligation 10,340,356

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

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

58



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

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

Ended OPEB CostContributed

June 30, 2008 14,081,071$ 4,873,175$ 34.61% 9,207,896$ June 30, 2009 16,685,699$ 6,291,151$ 37.70% 20,509,726$ June 30, 2010 21,095,334$ 6,101,014$ 28.92% 36,830,714$ June 30, 2011 18,387,517$ 3,553,705$ 19.33% 51,664,527$ June 30, 2012 14,701,659$ 4,552,834$ 30.97% 61,813,352$ June 30, 2013 14,615,227$ 4,274,871$ 29.19% 72,153,708$

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

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

59



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

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

60



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

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

61

ActuarialAccruedLiability UAAL as a

Actuarial (AAL) Unfunded PercentageActuarial Value of Projected AAL Funded Covered of CoveredValuation Assets Unit Credit (UAAL) Ratio Payroll Payroll

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

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

ORANGE COUNTY PUBLIC SCHOOLSREQUIRED SUPPLEMENTARY INFORMATION -

SCHEDULE OF FUNDING PROGRESSOTHER POSTEMPLOYMENT BENEFITS PLAN

62

ORANGE COUNTY PUBLIC SCHOOLS Non-Major Governmental Funds

June 30, 2013

Special Revenue Funds Special revenue funds are used to account for specific revenues that are legally restricted to expenditures for particular purposes. Food Service Fund – To account for the activities of the District’s food services function. These activities are primarily funded through local charges and Federal awards. ARRA Programs Fund – To account for programs funded by the American Recovery and Reinvestment Act (ARRA) source, requiring separate accountability because of legal or regulatory restrictions. Other Special Revenue Fund – To account for other programs of the District requiring separate accountability because of legal or regulatory restrictions.

Debt Service Funds Debt service funds are used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest and related costs. State Board of Education (SBE) and Capital Outlay Bond Issue (COBI) Fund – To account for the payment of principal, interest and related costs on the state school bonds issued by the State Board of Education on behalf of the District. These bonds are payable from the District’s portion of the state-assessed motor vehicle license tax. Other Debt Service – To account for the payment of principal, interest and related costs for Certificates of Participation and capital leases.

Capital Projects Funds Capital project funds are used to account for the financial resources to be used for educational capital outlay needs, including new construction, renovation and remodeling projects. Public Education Capital Outlay Fund – To account for capital project activity funded through the State’s Public Education Capital Outlay program. Capital Outlay and Debt Service Fund – To account for capital project activity funded by the District’s portion of the state Capital Outlay and Debt Service program. Capital Improvement Section 1011.71(2), Florida Statutes, Local Capital Improvement Tax Fund – To account for capital project activity funded through a tax levy pursuant to the cited statute.

63


64

TotalNon-Major Total Food Service ARRA Federal Other

Governmental Non-Major Fund Programs Special RevenueFunds Special Revenue Fund Fund

Funds

ASSETSCash 8,050,783$ 8,050,783$ 8,035,783$ -$ 15,000$ Investments 250,962,347 13,006,824 2,122,865 17,579 10,866,380 Accounts Receivable 2,407 2,407 - - 2,407 Interest Receivable 231,899 - - - - Due From Other Agencies 12,905,913 10,276,841 9,500,998 775,843 - Inventories 2,843,349 2,843,349 2,843,349 - -

Total Assets 274,996,698$ 34,180,204$ 22,502,995$ 793,422$ 10,883,787$

LIABILITIES AND FUND BALANCESLiabilities: Salaries and Wages Payable 613,261$ 613,261$ 460,532$ 90,714$ 62,015$

Accounts Payable 4,352,410 284,135 136,992 101,841 45,302 Construction Contracts Payable 201,445 - - - - Const. Contracts - Retained Percentage 1,000 - - - - Due to Other Funds 600,867 600,867 - 600,867 - Matured Debt Payable 2,116,047 - - - - Deferred Revenue 712,244 712,244 712,244 - -

Total Liabilities 8,597,274 2,210,507 1,309,768 793,422 107,317

Fund Balances: Nonspendable: 2,843,349 2,843,349 2,843,349 - - Spendable: Restricted 252,779,605 18,349,878 18,349,878 - - Assigned 10,776,470 10,776,470 - - 10,776,470 Unassigned - - - - -

Total Fund Balances 266,399,424 31,969,697 21,193,227 - 10,776,470

Total Liabilities and Fund Balances 274,996,698$ 34,180,204$ 22,502,995$ 793,422$ 10,883,787$

Special Revenue Funds

ORANGE COUNTY PUBLIC SCHOOLSCOMBINING BALANCE SHEET

NON-MAJOR GOVERNMENTAL FUNDSJune 30, 2013

65

Total State Board of Other DebtNon-Major Education (SBE) Service

Debt Service and Capital Outlay FundsFunds Bond Issue

(COBI) FundASSETSCash -$ -$ -$ Investments 92,649,921 580,093 92,069,828 Accounts Receivable - - - Interest Receivable 231,899 - 231,899 Due From Other Agencies - - - Inventories - - -

Total Assets 92,881,820$ 580,093$ 92,301,727$

LIABILITIES AND FUND BALANCESLiabilities: Salaries and Wages Payable -$ -$ -$

Accounts Payable - - - Construction Contracts Payable - - - Const. Contracts Pay. - Retained Percent - - - Due to Other Funds - - - Matured Debt Payable 2,116,047 - 2,116,047 Deferred Revenue - - -

Total Liabilities 2,116,047 - 2,116,047

Fund Balances: Nonspendable: - - - Spendable: Restricted 90,765,773 580,093 90,185,680 Assigned - - - Unassigned - - -

Total Fund Balances 90,765,773 580,093 90,185,680

Total Liabilities and Fund Balances 92,881,820$ 580,093$ 92,301,727$

Debt Service Funds



(continued)

66

Total Non-Major Public Education Capital Outlay Section 1011.71(2)Capital Projects Capital Outlay & Debt Service Florida Statutes,

Funds Fund Fund Local CapitalImprovement

Tax FundASSETSCash -$ -$ -$ -$ Investments 145,305,602 5,297 6,194,026 139,106,279 Accounts Receivable - - - - Interest Receivable - - - - Due From Other Agencies 2,629,072 - - 2,629,072 Inventories - - - -

Total Assets 147,934,674$ 5,297$ 6,194,026$ 141,735,351$

LIABILITIES AND FUND BALANCESLiabilities: Salaries and Wages Payable -$ -$ -$ -$

Accounts Payable 4,068,275 - 104,544 3,963,731 Construction Contracts Payable 201,445 - - 201,445 Construction Contracts Payable - Retained Percentage 1,000 - 500 500 Due to Other Funds - - - - Due to Other Agencies - - - - Matured Debt Payable - - - - Deferred Revenue - - - -

Total Liabilities 4,270,720 - 105,044 4,165,676

Fund Balances: Nonspendable: - - - - Spendable: Restricted 143,663,954 5,297 6,088,982 137,569,675 Assigned - - - - Unassigned - - - -

Total Fund Balances 143,663,954 5,297 6,088,982 137,569,675

Total Liabilities and Fund Balances 147,934,674$ 5,297$ 6,194,026$ 141,735,351$

Capital Projects Funds



(continued)

67



Funds

REVENUESFederal Direct Sources: Other Federal Direct Sources 1,789,713$ -$ -$ -$ -$

Total Federal Direct 1,789,713 - - - -

Federal Through State Sources: Food Service 69,505,688 69,505,688 69,505,688 - - Other Federal Through State Sources 7,956,868 7,956,868 - 7,956,868 -

Total Federal through State 77,462,556 77,462,556 69,505,688 7,956,868 -

State Sources: Food Service 1,186,450 1,186,450 1,186,450 - - CO&DS Withheld for SBE/COBI Bond 4,915,417 - - - - CO&DS Distribution 2,080,813 - - - - Public Education Capital Outlay 2,294,456 - - - -

Total State Sources 10,477,136 1,186,450 1,186,450 - -

Local Sources: Ad Valorem Taxes 124,764,970 - - - - Food Service 12,592,160 12,592,160 12,592,160 - - Interest Income 444,465 (57,817) (31,822) - (25,995) Other Local Sources 6,675,015 6,675,015 27,180 - 6,647,835

Total Local Sources 144,476,610 19,209,358 12,587,518 - 6,621,840

Total Revenues 234,206,015$ 97,858,364$ 83,279,656$ 7,956,868$ 6,621,840$


ORANGE COUNTY PUBLIC SCHOOLSCOMBINING STATEMENT OF REVENUES, EXPENDITURES, AND

CHANGES IN FUND BALANCESNON-MAJOR GOVERNMENTAL FUNDSFor the Fiscal Year Ended June 30, 2013

68

Total State Board of OtherNon-Major Education (SBE) Debt Service

Debt Service and Capital Outlay FundFunds Bond Issue

(COBI) Fund

REVENUESFederal Direct Sources: Other Federal Direct Sources 1,789,713$ -$ 1,789,713$

Total Federal Direct 1,789,713 - 1,789,713

Federal Through State Sources: Food Service - - - Other Federal Through State Sources - - -

Total Federal through State - - -

State Sources: Food Service - - - CO&DS Withheld for SBE/COBI Bond 4,915,417 4,915,417 - CO&DS Distribution - - - Public Education Capital Outlay - - -

Total State Sources 4,915,417 4,915,417 -

Local Sources: Ad Valorem Taxes - - - Food Service - - - Interest Income 598,381 - 598,381 Other Local Sources - - -

Total Local Sources 598,381 - 598,381

Total Revenues 7,303,511$ 4,915,417$ 2,388,094$

For the Fiscal Year Ended June 30, 2013(continued)

Debt Service Funds


CHANGES IN FUND BALANCESNON-MAJOR GOVERNMENTAL FUNDS

69

Total Non-Major Public Education Capital Outlay Section 1011.71(2),Capital Projects Capital Outlay & Debt Service Florida Statutes,


Tax Fund

REVENUESFederal Direct Sources: Other Federal Direct Sources -$ -$ -$ -$

Total Federal Direct - - - -

Federal Through State Sources: Food Service - - - - Other Federal Through State Sources - - - -

Total Federal through State - - - -

State Sources: Food Service - - - - CO&DS Withheld for SBE/COBI Bond - - - - CO&DS Distribution 2,080,813 - 2,080,813 - Public Education Capital Outlay 2,294,456 2,294,456 - -

Total State Sources 4,375,269 2,294,456 2,080,813 -

Local Sources: Ad Valorem Taxes 124,764,970 - - 124,764,970 Food Service - - - - Interest Income (96,099) 17,008 (28,521) (84,586) Other Local Sources - - - -

Total Local Sources 124,668,871 17,008 (28,521) 124,680,384

Total Revenues 129,044,140$ 2,311,464$ 2,052,292$ 124,680,384$





(continued)

70



Funds

EXPENDITURESCurrent: Instruction 2,730,015$ 2,730,015$ -$ 2,098,902$ 631,113$ Pupil Personnel Services 6,860 6,860 - - 6,860 Instructional Media Services 1,919 1,919 - - 1,919 Instruction and Curriculum Development 1,799,488 1,799,488 - 1,769,098 30,390 Instructional Staff Training Services 1,987,898 1,987,898 - 1,882,636 105,262 Instructional Related Technology 17,047 17,047 - - 17,047 Board of Education - - - - - General Administration 227,795 227,795 - 222,135 5,660 School Administration 138,746 138,746 - - 138,746 Facilities Acquisition & Construction 1,613,219 - - - - Fiscal Services - - - - - Food Services 79,288,989 79,288,989 79,288,989 - - Central Services 471,112 471,112 - 457,045 14,067 Pupil Transportation Services 77,014 77,014 - 61,095 15,919 Operation of Plant 78,728 78,728 - - 78,728 Maintenance of Plant 6,248 6,248 - - 6,248 Administrative Technology Services 1,191,586 1,191,586 - 1,191,586 - Community Services 5,611,697 5,611,697 - 139,178 5,472,519 Capital Outlay: Facilities Acquisition & Construction 21,812,771 4,983 - - 4,983 Other Capital Outlay 2,227,000 2,227,000 1,906,857 135,193 184,950 Debt Service: Principal 29,392,238 - - - - Interest and Fiscal Charges 65,624,781 - - - -

Total Expenditures 214,305,151 95,867,125 81,195,846 7,956,868 6,714,411

Excess (Deficiency) of Revenues Over (Under) Expenditures 19,900,864 1,991,239 2,083,810 - (92,571)

OTHER FINANCIAL SOURCES (USES) Transfer In 104,690,350 - - - - Transfer Out (113,792,592) - - - -

Total Other Financial Sources (Uses) (9,102,242) - - - -

Net Change in Fund Balances 10,798,622 1,991,239 2,083,810 - (92,571)

Fund Balances, Beginning 255,600,802 29,978,458 19,109,417 - 10,869,041

Fund Balances, Ending 266,399,424$ 31,969,697$ 21,193,227$ -$ 10,776,470$




(continued)

71

Total State Board of OtherNon-Major Education (SBE) Debt Service

Debt Service and Capital Outlay FundFunds Bond Issue

(COBI) FundEXPENDITURESCurrent: Instruction -$ -$ -$ Pupil Personnel Services - - - Instructional Media Services - - - Instruction and Curriculum Development - - - Instructional Staff Training Services - - - Instructional Staff Training Services - - - Board of Education - - - General Administration - - - School Administration - - - Facilities Acquisition & Construction - - - Fiscal Services - - - Food Services - - - Central Services - - - Pupil Transportation Services - - - Operation of Plant - - - Maintenance of Plant - - - Administrative Technology Services - - - Community Services - - - Capital Outlay: Facilities Acquisition & Construction - - - Other Capital Outlay - - - Debt Service: Principal 29,392,238 3,795,000 25,597,238 Interest and Fiscal Charges 65,621,025 1,255,909 64,365,116

Total Expenditures 95,013,263 5,050,909 89,962,354

Excess (Deficiency) of Revenues Over (Under) Expenditures (87,709,752) (135,492) (87,574,260)

OTHER FINANCIAL SOURCES (USES) Transfer In 104,690,350 - 104,690,350 Transfer Out - - -

Total Other Financial Sources (Uses) 104,690,350 - 104,690,350

Net Change in Fund Balances 16,980,598 (135,492) 17,116,090

Fund Balances, Beginning 73,785,175 715,585 73,069,590

Fund Balances, Ending 90,765,773$ 580,093$ 90,185,680$

Debt Service Funds



(continued)

72

Total Non-Major Public Education Capital Outlay Section 1011.71(2),Capital Projects Capital Outlay & Debt Service Florida Statutes,


Tax FundEXPENDITURESCurrent: Instruction -$ -$ -$ -$ Pupil Personnel Services - - - - Instructional Media Services - - - - Instruction and Curriculum Development - - - - Instructional Staff Training Services - - - - Instructional Related Technology - - - - Board of Education - - - - General Administration - - - - School Administration - - - - Facilities Acquisition & Construction 1,613,219 - 149,344 1,463,875 Fiscal Services - - - - Food Services - - - - Central Services - - - - Pupil Transportation Services - - - - Operation of Plant - - - - Maintenance of Plant - - - - Administrative Technology Services - - - - Community Services - - - - Capital Outlay: Facilities Acquisition & Construction 21,807,788 11,711 2,187,351 19,608,726 Other Capital Outlay - - - - Debt Service: Principal - - - - Interest and Fiscal Charges 3,756 - 3,756 -

Total Expenditures 23,424,763 11,711 2,340,451 21,072,601

Excess (Deficiency) of Revenues Over (Under) Expenditures 105,619,377 2,299,753 (288,159) 103,607,783

OTHER FINANCIAL SOURCES (USES) Transfer In - - - - Transfer Out (113,792,592) (2,294,456) - (111,498,136)

Total Other Financial Sources (Uses) (113,792,592) (2,294,456) - (111,498,136)

Net Change in Fund Balances (8,173,215) 5,297 (288,159) (7,890,353)

Fund Balances, Beginning 151,837,169 - 6,377,141 145,460,028

Fund Balances, Ending 143,663,954$ 5,297$ 6,088,982$ 137,569,675$





(continued)

73



REVENUESFederal Through State Sources: Food Service 65,607,929$ 68,207,929$ 69,505,688$ 1,297,759$

Total Federal through State 65,607,929 68,207,929 69,505,688 1,297,759

State Sources: Food Service 1,401,487 1,401,487 1,186,450 (215,037)

Total State Sources 1,401,487 1,401,487 1,186,450 (215,037)

Local Sources: Food Service 13,026,613 13,026,613 12,592,160 (434,453) Interest Income - - (31,822) (31,822) Other Local Sources 120,389 120,389 27,180 (93,209)

Total Local Sources 13,147,002 13,147,002 12,587,518 (559,484)

Total Revenues 80,156,418 82,756,418 83,279,656 523,238

EXPENDITURESCurrent: Food Service 78,710,149 79,403,292 79,288,989 114,303

Capital Outlay: Other Capital Outlay - 1,906,857 1,906,857 -

Total Expenditures 78,710,149 81,310,149 81,195,846 114,303

Excess (Deficiency) of Revenues Over (Under) Expenditures 1,446,269 1,446,269 2,083,810 637,541

OTHER FINANCIAL SOURCES (USES) Transfer In - - - - Transfer Out - - - -


Net Change in Fund Balance 1,446,269 1,446,269 2,083,810 637,541

Fund Balance, Beginning 18,472,724 18,472,724 19,109,417 636,693


ORANGE COUNTY PUBLIC SCHOOLSSCHEDULE OF REVENUES, EXPENDITURES AND


Budgeted Amounts

Food Service

FOOD SERVICE - SPECIAL REVENUE FUNDFor the Fiscal Year Ended June 30, 2013

74



REVENUESFederal Through State Sources: Other Federal Through State Sources -$ 9,350,782$ 7,956,868$ (1,393,914)$

Total Federal through State - 9,350,782 7,956,868 (1,393,914)

Total Revenues - 9,350,782 7,956,868 (1,393,914)

EXPENDITURESCurrent: Instruction - 2,477,858 2,098,902 378,956 Pupil Personnel Services - - - - Instructional Media Services - - - - Instruction and Curriculum Development - 2,591,647 1,769,098 822,549 Instructional Staff Training Services - 1,987,313 1,882,636 104,677 Instructional Related Technology - - - - General Administration - 305,042 222,135 82,907 School Administration - - - - Administrative Related Technology - - - - Facilities Acquisition & Construction - - - - Fiscal Services - - - - Central Services - 457,045 457,045 - Pupil Transportation Services - 61,095 61,095 - Administrative Technology Services - 1,191,586 1,191,586 - Community Services - 144,003 139,178 4,825 Capital Outlay: Other Capital Outlay - 135,193 135,193 - Total Expenditures - 9,350,782 7,956,868 1,393,914

Excess (Deficiency) of Revenues Over (Under) Expenditures - - - -



Net Change in Fund Balance - - - -


Fund Balance, Ending -$ -$ -$ -$

Budgeted Amounts


CHANGES IN FUND BALANCE - BUDGET TO ACTUALARRA FEDERAL PROGRAMS - SPECIAL REVENUE FUND


ARRA Federal Programs

75



REVENUESLocal Sources: Interest Income -$ (25,995)$ (25,995)$ -$ Other Local Sources - 6,647,835 6,647,835 -

Total Local Sources - 6,621,840 6,621,840 -

Total Revenues - 6,621,840 6,621,840 -

EXPENDITURESCurrent: Instruction - 902,433 631,113 271,320 Pupil Personnel Services - 12,799 6,860 5,939 Instructional Media Services - 16,262 1,919 14,343 Instruction and Curriculum Development - 61,032 30,390 30,642 Instructional Staff Training Services - 184,420 105,262 79,158 Instructional Related Technology - 27,851 17,047 10,804 General Administration - 72,331 5,660 66,671 School Administration - 229,115 138,746 90,369 Facilities Acquisition & Construction - 3,292 - 3,292 Food Services - 85,400 - 85,400 Central Services - 22,899 14,067 8,832 Pupil Transportation Services - 31,923 15,919 16,004 Operation of Plant - 137,851 78,728 59,123 Maintenance of Plant - 10,163 6,248 3,915 Community Services - 10,824,634 5,472,519 5,352,115 Capital Outlay: Facilities Acquisition & Construction - 4,983 4,983 - Other Capital Outlay - 184,950 184,950 -

Total Expenditures - 12,812,338 6,714,411 6,097,927

Excess (Deficiency) of Revenues Over (Under) Expenditures - (6,190,498) (92,571) 6,097,927



Net Change in Fund Balance - (6,190,498) (92,571) 6,097,927

Fund Balance, Beginning - 10,869,041 10,869,041 -

Fund Balance, Ending -$ 4,678,543$ 10,776,470$ 6,097,927$



Budgeted Amounts

Other - Special Revenue Fund

OTHER - SPECIAL REVENUE FUNDFor the Fiscal Year Ended June 30, 2013

76



REVENUESState Sources: CO&DS Withheld for SBE/COBI Bond 4,995,400$ 4,995,400$ 4,915,417$ (79,983)$

Total State Sources 4,995,400 4,995,400 4,915,417 (79,983)

Total Revenues 4,995,400 4,995,400 4,915,417 (79,983)

EXPENDITURESDebt Service: Principal 3,795,000 3,795,000 3,795,000 - Interest and Fiscal Charges 1,200,400 1,255,909 1,255,909 -

Total Expenditures 4,995,400 5,050,909 5,050,909 -

Excess (Deficiency) of Revenues Over (Under) Expenditures - (55,509) (135,492) (79,983)



Net Change in Fund Balance - (55,509) (135,492) (79,983)

Fund Balance, Beginning 804,877 804,877 715,585 (89,292)

Fund Balance, Ending 804,877$ 749,368$ 580,093$ (169,275)$


CHANGES IN FUND BALANCES - BUDGET TO ACTUAL

Budgeted Amounts

State Board of Education and Capital Outlay Bond Issue

STATE BOARD OF EDUCATION AND CAPITAL OUTLAY BOND ISSUE - DEBT SERVICE FUNDFor the Fiscal Year Ended June 30, 2013

77



REVENUESFederal Direct Sources: Miscellaneous Revenue 1,789,713$ 1,789,713$ 1,789,713$ -$

Total Federal Direct Sources 1,789,713 1,789,713 1,789,713 -

Local Sources: Interest Income - - 598,381 598,381

Total Local Sources - - 598,381 598,381

Total Revenues 1,789,713 1,789,713 2,388,094 598,381

EXPENDITURESDebt Service Principal 44,892,306 44,480,993 25,597,238 18,883,755 Interest and Fiscal Charges 64,449,712 64,394,203 64,365,116 29,087

Total Expenditures 109,342,018 108,875,196 89,962,354 18,912,842

Excess (Deficiency) of Revenues Over (Under) Expenditures (107,552,305) (107,085,483) (87,574,260) 19,511,223

OTHER FINANCIAL SOURCES (USES) Transfer In 104,690,020 104,690,020 104,690,350 330 Transfer Out - - - -

Total Other Financial Sources (Uses) 104,690,020 104,690,020 104,690,350 330


Fund Balance, Beginning 110,629,196 110,629,196 73,069,590 (37,559,606)

Fund Balance, Ending 107,766,911$ 108,233,733$ 90,185,680$ (18,048,053)$

Budgeted Amounts

Other Debt Service - Debt Service Fund



For the Fiscal Year Ended June 30, 2013OTHER DEBT SERVICE - DEBT SERVICE FUND

78



REVENUESState Sources: Public Education Capital Outlay -$ -$ 2,294,456$ 2,294,456$

Total State Sources - - 2,294,456 2,294,456

Local Sources: Interest Income - 20,000 17,008 (2,992)

Total Local Sources - 20,000 17,008 (2,992)

Total Revenues - 20,000 2,311,464 2,291,464

EXPENDITURESCurrent: Facilities Acquisition & Construction Remodeling and Renovations - 20,000 11,711 8,289

Total Expenditures - 20,000 11,711 8,289

Excess (Deficiency) of Revenues Over (Under) Expenditures - - 2,299,753 2,299,753

OTHER FINANCIAL SOURCES (USES) Transfer In - - - - Transfer Out - (2,294,456) (2,294,456) -

Total Other Financial Sources (Uses) - (2,294,456) (2,294,456) -

Net Change in Fund Balance - (2,294,456) 5,297 2,299,753


Fund Balance, Ending -$ (2,294,456)$ 5,297$ 2,299,753$



Budgeted Amounts

Public Education Capital Outlay (PECO)

PUBLIC EDUCATION CAPITAL OUTLAY - CAPITAL PROJECTS FUNDFor the Fiscal Year Ended June 30, 2013

79



REVENUESState Sources: CO&DS Distribution 1,510,051$ 1,510,051$ 2,014,655$ 504,604$ Interest on Undistributed CO&DS - - 66,158 66,158

Total State Sources 1,510,051 1,510,051 2,080,813 570,762

Local Sources: Interest Income - - (28,521) (28,521)

Total Local Sources - - (28,521) (28,521)

Total Revenues 1,510,051 1,510,051 2,052,292 542,241

EXPENDITURESCurrent: Facilities Acquisition & Construction 770,267 149,344 149,344 - Capital Outlay: Facilities Acquisition & Construction 7,043,996 7,661,163 2,187,351 5,473,812 Debt Service: Interest and Fiscal Charges 3,756 3,756 -


Excess (Deficiency) of Revenues Over (Under) Expenditures (6,304,212) (6,304,212) (288,159) 6,016,053



Net Change in Fund Balance (6,304,212) (6,304,212) (288,159) 6,016,053

Fund Balance, Beginning 6,377,141 6,377,141 6,377,141 -

Fund Balance, Ending 72,929$ 72,929$ 6,088,982$ 6,016,053$



Budgeted Amounts

Capital Outlay & Debt Service

CAPITAL OUTLAY & DEBT SERVICE - CAPITAL PROJECTS FUNDFor the Fiscal Year Ended June 30, 2013

80



REVENUESLocal Sources: Ad Valorem Taxes 124,374,852$ 124,374,852$ 124,764,970$ 390,118$ Interest Income - - (84,586) (84,586)

Total Local Sources 124,374,852 124,374,852 124,680,384 305,532

Total Revenues 124,374,852 124,374,852 124,680,384 305,532

EXPENDITURESCurrent: Facilities Acquisition & Construction - 1,463,875 1,463,875 - Capital Outlay: Facilities Acquisition & Construction 49,347,806 52,568,348 19,608,726 32,959,622


Excess (Deficiency) of Revenues Over (Under) Expenditures 75,027,046 70,342,629 103,607,783 33,265,154

OTHER FINANCIAL SOURCES (USES) Transfer In - - - - Transfer Out (118,821,649) (116,527,193) (111,498,136) 5,029,057

Total Other Financial Sources (Uses) (118,821,649) (116,527,193) (111,498,136) 5,029,057

Net Change in Fund Balance (43,794,603) (46,184,564) (7,890,353) 38,294,211

Fund Balance, Beginning 145,460,028 145,460,028 145,460,028 -




Budgeted Amounts

Section 1011.71(2), Florida Statutes, Local Capital Improvement Tax Fund

CAPITAL PROJECTS FUNDFor the Fiscal Year Ended June 30, 2013

SECTION 1011.71(2), FLORIDA STATUTES, LOCAL CAPITAL IMPROVEMENT TAX

81



REVENUES

Local Sources: Local Sales Taxes 173,557,241 173,557,241 181,301,579 7,744,338 Impact Fees 13,346,510 13,346,510 39,446,508 26,099,998 Interest Income 25,655 5,655 617,660 612,005 Miscellaneous - - 152,116 152,116

Total Local Sources 186,929,406 186,909,406 221,517,863 34,608,457

Total Revenues 186,929,406 186,909,406 221,517,863 34,608,457

EXPENDITURESCurrent: Facilities Acquisition & Construction - 16,175,936 16,175,936 - Capital Outlay: Facilities Acquisition & Construction 411,610,424 395,414,488 136,642,582 258,771,906


Excess (Deficiency) of Revenues Over (Under) Expenditures (224,681,018) (224,681,018) 68,699,345 293,380,363

OTHER FINANCIAL SOURCES (USES) Proceeds from the Sale of Capital Assets - - 167,785 167,785 Transfer In - - - - Transfer Out (2,553,350) (2,553,350) (2,553,680) (330)

Total Other Financial Sources (Uses) (2,553,350) (2,553,350) (2,385,895) 167,455


Fund Balance, Beginning 797,443,737 797,443,737 796,984,523 (459,214)




Budgeted Amounts

Other - Capital Projects

OTHER - CAPITAL PROJECTS FUNDFor the Fiscal Year Ended June 30, 2013

82

ORANGE COUNTY PUBLIC SCHOOLS INTERNAL SERVICE FUNDS

June 30, 2013 Internal service funds are used to account for the District’s individual self-insurance programs and for the District’s print shop. Self-Insurance Fund – To account for the financial activities of the District’s self-insured property, casualty, liability, and workers’ compensation programs. Employee Benefits Fund – To account for the financial activities of the District’s self-insured employee health and life insurance programs. Other Internal Service Fund – To account for the financial activities of the District’s other internal service programs, such as the print shop.

83

Employee Other InternalTotal Self-Insurance Benefits Service

ASSETSCurrent Assets: Cash 10,000,000$ -$ 10,000,000$ -$ Investments 116,707,005 36,626,327 79,814,751 265,927 Accounts Receivable 1,249,592 - 1,218,438 31,154 Interest Receivable 1,962 - 1,962 - Deposits Receivable 55,000 5,000 50,000 - Inventory 35,379 - - 35,379

Total Current Assets 128,048,938 36,631,327 91,085,151 332,460

Noncurrent Assets: Furniture and Equipment 167,006 - - 167,006 Less Accumulated Depreciation (141,529) - - (141,529) Computer Software 1,100 - - 1,100 Less Accumulated Depreciation (1,100) - - (1,100)

Total Noncurrent Assets 25,477 - - 25,477

Total Assets 128,074,415 36,631,327 91,085,151 357,937

LIABILITIESCurrent Liabilities: Salaries and Wages Payable 15,664 - 3,916 11,748 Accounts Payable 1,527,679 7,055 1,497,947 22,677 Unearned Revenue 39,242,928 - 39,242,928 - Estimated Unpaid Claims 18,091,180 5,591,180 12,500,000 -

Total Current Liabilities 58,877,451 5,598,235 53,244,791 34,425

Long-Term Liabilities: Estimated Insurance Claims Payable 6,676,623 6,676,623 - -

Total Long-Term Liabilities 6,676,623 6,676,623 - -

Total Liabilities 65,554,074 12,274,858 53,244,791 34,425

NET POSITIONNet Investment in Capital Assets 25,477 - - 25,477 Unrestricted 62,494,864 24,356,469 37,840,360 298,035

Total Net Position 62,520,341$ 24,356,469$ 37,840,360$ 323,512$

COMBINING STATEMENT OF NET POSITIONORANGE COUNTY PUBLIC SCHOOLS

Self-InsuranceInternal Service Funds

June 30, 2013INTERNAL SERVICE FUNDS

84


OPERATING REVENUES Charges for Services 5,220,871$ -$ -$ 5,220,871$ Premium Revenues 176,656,901 7,005,837 169,651,064 - Other Operating Revenues 1,013,560 137,471 876,089 - Total Operating Revenues 182,891,332 7,143,308 170,527,153 5,220,871

OPERATING EXPENSES Salaries 695,713 - 260,054 435,659 Employees Benefits 227,735 - 75,821 151,914 Purchased Services 13,251,881 11,909 9,273,853 3,966,119 Energy Services 82,500 - - 82,500 Material and Supplies 491,567 - - 491,567 Claims Expense 161,790,649 5,935,946 155,851,464 3,239 Depreciation 9,127 - - 9,127

Total Operating Expenses 176,549,172 5,947,855 165,461,192 5,140,125

Operating Income (Loss) 6,342,160 1,195,453 5,065,961 80,746

NONOPERATING REVENUES, NET Investment Earnings, net (328,225) (64,618) (264,328) 721

Total Nonoperating Revenues, Net (328,225) (64,618) (264,328) 721

Income Before Transfers 6,013,935 1,130,835 4,801,633 81,467

Transfer In From Other Funds 6,670,000 - 6,670,000 -

Total Transfers In 6,670,000 - 6,670,000 -

Change in Net Position 12,683,935 1,130,835 11,471,633 81,467

Total Net Position, Beginning 49,836,406 23,225,634 26,368,727 242,045

Total Net Position, Ending 62,520,341$ 24,356,469$ 37,840,360$ 323,512$

Self-Insurance


Internal Service Funds

For the Fiscal Year Ended June 30, 2013INTERNAL SERVICE FUNDSCHANGES IN NET POSITION

COMBINING STATEMENT OF REVENUES, EXPENSES, AND

85


CASH FLOWS FROM OPERATING ACTIVITIES Receipts from Interfund Services Provided 181,861,745$ 7,005,837$ 169,659,752$ 5,196,156$ Payments to Suppliers of Goods or Services (171,731,477) (6,053,028) (161,112,685) (4,565,764) Payments to Employees (919,234) - (331,959) (587,275) Other Operating Cash Receipts 1,013,560 137,471 876,089 -

Net Cash Provided by Operating Activities 10,224,594 1,090,280 9,091,197 43,117

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Payments from Other Funds 6,670,000 - 6,670,000 -

Net Cash Provided by Noncapital Financing Activities 6,670,000 - 6,670,000 -

CASH FLOWS FROM CAPITAL Acquisition of Capital Assets (10,076) - - (10,076)

Net Cash Used in Capital and Related Financing Activities (10,076) - - (10,076)

CASH FLOWS FROM INVESTING ACTIVITIES Investment Earnings, net (285,991) (64,618) (222,094) 721 Proceeds from Purchase of Investments, net (11,598,527) (1,025,662) (10,539,103) (33,762)

Net Cash Used in Investing Activities (11,884,518) (1,090,280) (10,761,197) (33,041)

Net Increase in Cash 5,000,000 - 5,000,000 -

Cash, Beginning of Year 5,000,000 - 5,000,000 -

Cash, End of Year 10,000,000$ -$ 10,000,000$ -$

Reconciliation of Operating Income to Net Cash Provided by Operating Activities: Operating Income 6,342,160$ 1,195,453$ 5,065,961$ 80,746$ Adjustments to Reconcile Operating Income to Net Cash Provided by Operating Activities: Depreciation 9,127 - - 9,127 Changes in Assets and Liabilities: (Increase) Decrease in Accounts Receivable (16,027) - 8,688 (24,715) Decrease in Inventory (17,948) - - (17,948) Increase (Decrease) in Accounts Payable (604,939) (383) (600,165) (4,391) Increase (Decrease) in Salaries and Wages Payable 4,214 - 3,916 298 Increase in Deferred Revenues 2,612,797 - 2,612,797 - Increase (Decrease) in Estimated Unpaid Claims 1,895,210 (104,790) 2,000,000 -

Total Adjustments 3,882,434 (105,173) 4,025,236 (37,629)

Net Cash Provided by Operating Activities 10,224,594$ 1,090,280$ 9,091,197$ 43,117$

Noncash Investing Activities Net Decrease in the Fair Value of Investments (1,782,155)$ (461,030)$ (1,318,046)$ (3,079)$

Self-InsuranceInternal Service Funds

ORANGE COUNTY PUBLIC SCHOOLSCOMBINING STATEMENT OF CASH FLOWS

INTERNAL SERVICE FUNDSFor the Fiscal Year Ended June 30, 2013

86

ORANGE COUNTY PUBLIC SCHOOLS FIDUCIARY FUNDS

June 30, 2013 Agency funds are Fiduciary Funds and are used to account for resources held by the District in a trustee capacity or as an agent for individuals, private organizations. These resources include student and club activities funds that are held in trust for student, athletic, class, club activities, etc.

87

July 1, 2012 Additions Deletions June 30, 2013Assets Cash and Cash Equivalents 12,192,045$ 44,013,937$ 43,998,015$ 12,207,967$ Investments 2,879,172 - 82,901 2,796,271 Accounts Receivable, Net 362,359 - 254,424 107,935 Inventory 507,778 38,330 - 546,108

Total Assets 15,941,354$ 44,052,267$ 44,335,340$ 15,658,281$

Liabilities Accounts Payable 1,023,249$ 77,628$ -$ 1,100,877$ Internal Accounts Payable 14,918,105 43,974,639 44,335,340 14,557,404

Total Liabilities 15,941,354$ 44,052,267$ 44,335,340$ 15,658,281$

Student and Club Activities Funds

ORANGE COUNTY PUBLIC SCHOOLSSTATEMENT OF CHANGES IN ASSETS AND LIABILITIES

For the Fiscal Year Ended June 30, 2013FIDUCIARY FUNDS

Agency Funds

88

ORANGE COUNTY PUBLIC SCHOOLS STATISTICAL SECTION

June 30, 2013 This part of the Orange County Public Schools’ comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the District’s overall financial health. Financial Trends

These schedules contain trend information to help the reader understand how the District’s financial performance and well-being have changed over time.

Revenue Capacity

These schedules contain information to help the reader assess the District’s most significant local revenues sources, the property tax.

Debt Capacity

These schedules present information to help the reader assess the affordability of the District’s current levels of outstanding debt and the government’s ability to issue additional debt in the future.

Demographic and Economic Information

These schedules offer demographic and economic indicators to help the reader understand the environment within which the District’s financial activities take place.

Operating Information

These schedules contain service data to help the reader understand how the information in the District’s financial report relates to the services the District provides and the activities it performs.

89

June

30,

200

4Ju

ne 3

0, 2

005

June

30,

200

6Ju

ne 3

0, 2

007

June

30,

200

8Ju

ne 3

0, 2

009

June

30,

201

0Ju

ne 3

0, 2

011

June

30,

201

2Ju

ne 3

0, 2

013

Gov

ernm

enta

l Act

iviti

es:

Net

Inve

stm

ent i

n C

apita

l Ass

ets

620,

163,

725

$

756,

584,

756

$

897,

046,

110

$

1,

159,

685,

088

$

1,32

9,20

0,41

8$

1,

480,

390,

688

$

1,58

1,22

6,96

3$

1,

750,

248,

289

$

1,81

0,55

2,81

0$

1,

839,

939,

385

$

Res

trict

ed

335,

239,

738

40

9,39

7,56

2

52

8,52

0,14

2

61

4,08

1,21

5

68

0,48

8,09

1

75

3,70

7,94

6

85

3,91

1,78

9

94

1,97

7,66

9

1,

004,

657,

537

1,07

5,55

5,35

0

U

nres

trict

ed34

,125

,760

75,7

66,3

34

85,3

68,3

23

90,4

41,2

14

114,

547,

243

128,

055,

774

132,

231,

911

140,

482,

671

202,

803,

457

294,

758,

705

Tota

l Prim

ary

Gov

ernm

ent N

et P

ositi

o n98

9,52

9,22

3$

1,

241,

748,

652

$ 1,

510,

934,

575

$ 1,

864,

207,

517

$ 2,

124,

235,

752

$ 2,

362,

154,

408

$

2,56

7,37

0,66

3$

2,83

2,70

8,62

9$

3,01

8,01

3,80

4$

3,21

0,25

3,44

0$

Sou

rce:

Dis

trict

Rec

ords

OR

AN

GE

CO

UN

TY P

UB

LIC

SC

HO

OLS

NET

PO

SITI

ON

BY

CO

MPO

NEN

TLA

ST T

EN F

ISC

AL

YEA

RS

(Acc

rual

Bas

is o

f Acc

ount

ing)

90

June

30,

200

4Ju

ne 3

0, 2

005

June

30,

200

6Ju

ne 3

0, 2

007

June

30,

200

8Ju

ne 3

0, 2

009

June

30,

201

0Ju

ne 3

0, 2

011

June

30,

201

2Ju

ne 3

0, 2

013

Expe

nses

: G

over

nmen

tal A

ctiv

ities

:

Inst

ruct

ion

641,

591,

768

$

69

4,03

7,02

6$

774,

653,

101

$

83

9,18

4,13

3$

871,

000,

479

$

80

9,43

7,82

4$

827,

416,

660

$

85

1,69

6,44

1$

835,

193,

445

$

87

2,34

4,75

0$

P

upil

Per

sonn

el S

ervi

ces

38,5

32,7

19

40

,024

,490

44,5

70,3

48

49

,999

,463

51,5

47,5

24

47

,709

,555

47,4

37,3

65

46

,591

,067

43,1

38,5

45

43

,356

,959

In

stru

ctio

nal M

edia

Ser

vice

s11

,127

,881

13,3

49,0

78

15

,808

,065

18,7

90,9

07

19

,457

,552

16,7

36,7

40

15

,834

,869

16,0

08,1

34

15

,127

,197

15,3

03,1

37

Inst

ruct

ion

and

Cur

ricul

um

D

evel

opm

ent

68,9

85,8

73

74

,085

,816

66,0

69,2

89

82

,983

,991

88,4

84,6

54

83

,817

,286

84,1

38,7

92

82

,235

,453

67,9

85,8

00

67

,893

,336

In

stru

ctio

nal S

taff

Trai

ning

Ser

vice

s17

,194

,404

21,3

03,6

05

29

,441

,454

29,2

91,0

38

28

,740

,832

29,5

21,0

16

23

,476

,126

25,3

29,8

09

37

,211

,322

37,8

78,6

58

Inst

ruct

iona

l Rel

ated

Tec

hnol

ogy

-

-

16

,923

,257

12,9

34,3

39

13

,858

,098

13,2

01,6

91

15

,624

,329

13,4

85,8

75

10

,650

,123

11,6

08,8

54

Boa

rd o

f Edu

catio

n2,

236,

570

1,86

5,02

4

2,

139,

583

2,19

7,12

6

4,

575,

420

2,98

3,73

5

2,

981,

986

2,90

3,43

3

3,

209,

298

3,31

4,56

3

Gen

eral

Adm

inis

tratio

n6,

220,

199

5,63

9,96

7

6,

108,

450

7,91

5,23

2

7,

485,

879

7,72

2,92

6

10

,516

,383

11,5

53,8

86

7,

322,

849

7,72

8,93

7

Sch

ool A

dmin

istra

tion

72,3

23,7

32

76

,450

,756

83,2

02,2

19

91

,130

,653

96,8

87,9

52

93

,105

,835

94,1

17,6

48

95

,759

,709

92,0

97,4

54

94

,678

,038

F

acili

ties

Ser

vice

s50

,331

,335

46,6

12,9

55

58

,186

,948

60,8

14,9

76

42

,431

,181

36,6

57,3

27

33

,151

,620

31,7

11,4

82

29

,546

,203

47,0

01,5

72

Fis

cal S

ervi

ces

5,15

6,81

4

5,

310,

760

5,73

7,93

8

6,

434,

143

6,61

3,62

7

5,

876,

622

5,83

4,29

1

5,

946,

074

5,78

9,06

4

5,

814,

923

F

ood

Ser

vice

s46

,415

,015

49,7

85,9

75

56

,535

,253

59,1

29,3

81

61

,697

,945

61,9

52,6

73

64

,675

,888

69,6

62,8

89

72

,567

,053

79,2

41,9

15

Cen

tral S

ervi

ces

20,8

11,9

47

27

,372

,651

16,5

35,8

69

20

,908

,765

18,1

02,9

55

15

,707

,564

16,9

05,8

10

18

,733

,096

15,4

21,0

25

16

,224

,684

P

upil

Tran

spor

tatio

n S

ervi

ces

56,8

16,5

26

60

,512

,287

68,2

71,4

47

74

,173

,428

78,4

07,6

16

72

,073

,003

74,0

29,4

56

72

,421

,119

68,7

03,1

32

74

,242

,614

O

pera

tion

of P

lant

65,2

66,1

26

69

,447

,875

80,4

52,2

43

91

,605

,636

100,

079,

193

96

,514

,889

100,

646,

104

97

,187

,143

96,3

04,5

24

96

,008

,891

M

aint

enan

ce o

f Pla

nt32

,731

,541

37,1

95,0

43

41

,298

,132

42,4

17,7

18

42

,624

,376

33,9

90,1

65

33

,270

,874

32,3

38,0

81

30

,262

,636

31,3

46,9

74

Adm

inis

trativ

e Te

chno

logy

Ser

vice

s-

-

12,0

86,4

05

16

,466

,533

15,5

31,4

28

16

,378

,960

16,1

57,0

09

15

,896

,087

17,6

51,4

92

17

,259

,825

C

omm

unity

Ser

vice

s10

,055

,403

9,95

2,34

3

10

,439

,371

10,7

12,7

54

10

,708

,297

12,0

02,6

82

12

,933

,688

13,0

88,0

59

11

,326

,270

13,2

34,9

81

Inte

rest

on

Long

-Ter

m D

ebt

42,8

61,8

94

42

,044

,922

56,3

27,3

44

62

,278

,003

75,3

09,2

76

74

,473

,375

79,2

56,3

32

67

,806

,917

72,8

68,6

73

74

,385

,824

D

epre

ciat

ion

- Una

lloca

ted

41,7

11,7

68

42

,918

,181

47,8

31,6

85

55

,076

,525

59,6

76,9

62

59

,121

,100

62,9

80,8

01

74

,604

,646

107,

710,

692

77

,598

,551

Tota

l Prim

ary

Gov

ernm

ent E

xpen

ses

1,23

0,37

1,51

5

1,

317,

908,

754

1,49

2,61

8,40

1

1,

634,

444,

744

1,69

3,22

1,24

61,

588,

984,

968

1,62

1,38

6,03

11,

644,

959,

400

1,64

0,08

6,79

71,

686,

467,

986

Prog

ram

Rev

enue

s: G

over

nmen

tal A

ctiv

ities

:

Cha

rges

for S

ervi

ces:

Ins

truct

ion

3,19

7,10

5

3,

458,

505

3,37

0,37

9

3,

357,

223

3,46

0,55

0

4,

405,

426

4,73

8,58

7

4,

134,

692

5,10

5,33

5

5,

184,

149

Foo

d S

ervi

ces

18,4

97,8

05

14

,398

,111

17,5

64,7

71

18

,765

,375

17,7

22,7

28

18

,441

,637

17,0

31,4

89

16

,349

,273

14,8

09,4

08

12

,592

,161

Pup

il Tr

ansp

orta

tion

Ser

vice

s34

8,00

7

404,

823

51

0,06

6

584,

596

55

0,24

7

485,

558

48

4,20

2

573,

116

60

5,50

0

597,

560

M

aint

enan

ce o

f Pla

nt-

152,

485

19

1,28

4

264,

653

22

8,57

8

136,

059

26

6,98

9

-

-

-

C

omm

unity

Ser

vice

s9,

616,

035

8,71

6,39

6

9,

080,

076

8,99

3,19

7

8,

853,

058

8,26

3,97

8

7,

252,

788

7,18

4,79

9

6,

941,

844

7,02

5,08

5

Ope

ratin

g G

rant

s an

d C

ontri

butio

ns57

,347

,295

66,7

87,6

16

64

,989

,152

69,0

94,3

87

73

,780

,022

75,5

34,1

42

52

,527

,046

58,4

19,5

51

63

,679

,682

70,6

55,2

48

Cap

ital G

rant

s an

d C

ontri

butio

ns22

,873

,019

51,1

38,2

93

46

,834

,937

121,

148,

558

31

,098

,618

21,4

89,7

67

23

,894

,709

13,8

89,0

01

30

,156

,218

47,3

65,9

32

Tota

l Prim

ary

Gov

ernm

ent P

rogr

am R

even

ues

111,

879,

266

$

14

5,05

6,22

9$

142,

540,

665

$

22

2,20

7,98

9$

135,

693,

801

$

12

8,75

6,56

7$

106,

195,

810

$

10

0,55

0,43

2$

121,

297,

987

$

14

3,42

0,13

5$

Tota

l Net

(Exp

ense

)/Rev

enue

(1,1

18,4

92,2

49)

$ (1

,172

,852

,525

)$

(1,3

50,0

77,7

36)

$(1

,412

,236

,755

)$

(1,5

57,5

27,4

45)

$(1

,460

,228

,401

)$

(1,5

15,1

90,2

21)

$(1

,544

,408

,968

)$

(1,5

18,7

88,8

10)

$(1

,543

,047

,851

)$

Gen

eral

Rev

enue

s

Pro

perty

Tax

es:

Levi

ed fo

r Gen

eral

Pur

pose

s38

1,95

8,31

9

393,

320,

736

45

7,23

6,47

1

504,

809,

925

58

6,02

2,10

4

614,

940,

923

60

4,09

9,35

6

548,

160,

633

58

5,88

2,33

6

580,

088,

306

Le

vied

for C

apita

l Pro

ject

s89

,693

,870

97,6

70,3

01

10

9,57

2,15

7

133,

536,

235

15

6,33

7,90

1

163,

245,

739

14

6,88

1,58

2

128,

640,

288

12

4,82

5,91

2

124,

764,

970

Sal

es T

axes

139,

823,

638

15

0,02

3,05

2

166,

345,

316

15

6,33

1,08

3

166,

190,

269

15

4,17

6,27

7

150,

843,

957

16

3,59

4,34

5

170,

826,

443

18

1,30

1,57

9

Im

pact

Fee

s36

,905

,833

46,6

70,4

62

88

,253

,759

55,4

13,7

04

37

,559

,675

19,0

66,8

58

21

,482

,085

16,1

10,9

10

-

-

Flo

rida

Edu

catio

nal F

inan

ce P

rogr

am40

7,45

9,23

7

453,

523,

325

43

5,45

8,42

8

473,

406,

084

39

7,61

0,75

9

305,

076,

349

29

3,61

0,58

2

384,

633,

846

38

2,17

7,64

1

429,

171,

849

Gra

nts

and

Con

tribu

tions

Not

Res

trict

ed to

Spe

cific

Pro

gram

s20

0,67

5,32

8

251,

117,

212

29

8,14

7,62

2

336,

404,

698

37

8,87

9,87

7

376,

310,

318

43

9,57

0,87

4

496,

395,

057

38

4,35

3,49

6

401,

855,

731

Unr

estri

cted

Inve

stm

ent E

arni

ngs

9,18

8,24

0

21

,268

,031

39,2

82,3

29

64

,881

,379

68,6

72,0

10

26

,164

,503

36,8

27,3

38

46

,397

,943

28,1

65,7

39

15

,553

,499

M

isce

llane

ous

21,0

41,2

74

11

,478

,835

24,9

67,5

77

40

,726

,589

26,2

83,0

85

39

,166

,090

27,0

90,7

02

25

,813

,912

27,8

62,4

18

2,

551,

553

Tot

al G

ener

al R

even

ues

1,28

6,74

5,73

9

1,

425,

071,

954

1,61

9,26

3,65

9

1,

765,

509,

697

1,81

7,55

5,68

0

1,

698,

147,

057

1,72

0,40

6,47

6

1,

809,

746,

934

1,70

4,09

3,98

5

1,

735,

287,

487

Cha

nges

in N

et P

ositi

on16

8,25

3,49

0$

252,

219,

429

$

269,

185,

923

$

353,

272,

942

$

260,

028,

235

$

237,

918,

656

$

20

5,21

6,25

5$

26

5,33

7,96

6$

18

5,30

5,17

5$

19

2,23

9,63

6$

Sou

rce:

Dis

trict

Rec

ords

Fisc

al Y

ear E

nded

OR

AN

GE

CO

UN

TY P

UB

LIC

SC

HO

OLS

CH

AN

GES

IN N

ET P

OSI

TIO

NLA

ST T

EN F

ISC

AL

YEA

RS

(Acc

rual

Bas

is o

f Acc

ount

ing)

91

Fiscal Sales TotalYear General Capital Tax

Ended Purposes Projects

June 30, 2013 580,088,306$ 124,764,970$ 181,301,579$ 886,154,855$ June 30, 2012 585,882,336 124,825,912 170,826,444 881,534,691 June 30, 2011 548,160,633 128,640,288 163,594,345 840,395,266 June 30, 2010 604,099,356 146,881,582 150,843,957 901,824,895 June 30, 2009 614,940,923 163,245,739 154,176,277 932,362,939 June 30, 2008 586,022,104 156,337,901 166,190,269 908,550,274 June 30, 2007 504,809,925 133,536,235 156,331,083 794,677,243June 30, 2006 457,236,471 109,572,157 166,345,316 733,153,944 June 30, 2005 393,320,736 97,670,301 150,023,052 641,014,089 June 30, 2004 381,958,319 89,693,870 139,823,638 611,475,827

Source: District Records

Property Tax

ORANGE COUNTY PUBLIC SCHOOLSGOVERNMENTAL ACTIVITIES TAX REVENUES BY SOURCE

LAST TEN FISCAL YEARS(Accrual Basis of Accounting)

92

June

30,

200

4Ju

ne 3

0, 2

005

June

30,

200

6Ju

ne 3

0, 2

007

June

30,

200

8Ju

ne 3

0, 2

009

June

30,

201

0Ju

ne 3

0, 2

011

June

30,

201

2Ju

ne 3

0, 2

013

Gen

eral

Fun

d R

eser

ved

for:

E

ncum

bran

ces

19,8

08,1

23$

35,4

47,1

64$

31,4

90,9

32$

31,4

59,5

08$

15,2

46,1

15$

18

,437

,139

$

16

,160

,245

$

-

$

-

$

-

$

S

tate

Cat

egor

ical

Pro

gram

s10

,410

,217

14

,387

,597

6,

857,

788

10,2

59,8

15

12,8

52,5

95

18

,790

,146

8,

121,

378

-

-

-

U

nres

erve

d82

,119

,477

10

1,69

7,62

3

11

8,51

2,89

8

13

5,86

1,67

0

16

6,03

3,19

0

184,

771,

996

224,

773,

400

-

-

-

Tota

l Gen

eral

Fun

d11

2,33

7,81

7$

15

1,53

2,38

4$

15

6,86

1,61

8$

17

7,58

0,99

3$

19

4,13

1,90

0$

221,

999,

281

$

249,

055,

023

$

-$

-$

-$

All O

ther

Gov

ernm

enta

l Fun

ds R

eser

ved

for:

R

etire

men

t of L

ong-

Term

Deb

t7,

153,

246

$

218,

227,

772

$

213,

242,

363

$

217,

299,

457

$

106,

972,

737

$

11

4,71

9,84

6$

12

8,89

5,59

2$

-

$

-

$

-

$

Enc

umbr

ance

s21

1,31

0,85

2

18

6,97

4,68

8

23

0,07

5,77

2

21

5,38

6,17

4

25

6,02

9,12

4

195,

560,

463

220,

927,

991

-

-

-

U

nres

erve

d, R

epor

ted

in:

S

peci

al R

even

ue F

unds

7,72

7,63

7

10

,850

,829

8,

747,

800

8,67

2,39

3

9,

020,

366

13,0

36,7

12

19,1

27,7

46

-

-

-

Cap

ital P

roje

cts

Fund

s26

0,79

9,20

4

36

0,96

3,19

2

45

2,80

1,55

5

73

9,18

9,01

6

60

2,77

3,06

9

802,

092,

095

760,

044,

505

-

-

-

Tota

l All

Oth

er G

over

nmen

tal F

unds

486,

990,

939

$

777,

016,

481

$

904,

867,

490

$

1,18

0,54

7,04

0$

974,

795,

296

$

1,

125,

409,

116

$ 1,

128,

995,

834

$ -

$

-

$

-

$

Gen

eral

Fun

dN

onsp

enda

ble:

3,49

4,20

1$

2,

881,

281

$

3,01

5,60

2$

3,

032,

220

$

3,29

3,50

8$

S

pend

able

:

Res

trict

ed28

,235

,228

17

,508

,810

25

,380

,804

23

,205

,695

27

,647

,503

Ass

igne

d12

1,97

8,96

4

20

3,62

6,94

5

25

2,60

9,17

8

32

1,27

4,32

3

32

0,82

7,20

3

U

nass

igne

d68

,290

,888

25

,037

,986

56

,956

,520

32

,718

,113

61

,799

,654

Tota

l Gen

eral

Fun

d22

1,99

9,28

1$

24

9,05

5,02

3$

33

7,96

2,10

4$

38

0,23

0,35

1$

41

3,56

7,86

8$

All O

ther

Gov

ernm

enta

l Fun

dsN

onsp

enda

ble:

2,47

6,63

8$

2,

396,

763

$

2,89

4,52

2$

3,

420,

358

$

2,84

3,34

9$

S

pend

able

:

Res

trict

ed1,

109,

895,

765

1,

107,

471,

325

1,

051,

057,

480

1,

038,

295,

927

1,

116,

077,

578

A

ssig

ned

- Spe

cial

Rev

enue

- Fo

od S

ervi

ce13

,036

,713

19

,127

,746

10

,361

,210

10

,869

,041

10

,776

,470

Tota

l All

Oth

er G

over

nmen

tal F

unds

1,12

5,40

9,11

6$

1,12

8,99

5,83

4$

1,06

4,31

3,21

2$

1,05

2,58

5,32

6$

1,12

9,69

7,39

7$

Not

e: G

AS

B 5

4 w

as im

plem

ente

d fo

r the

FY1

1 fis

cal y

ear.

The

am

ount

s ca

lcul

ated

for F

Y09

and

FY10

und

er G

AS

B 5

4 ar

e un

audi

ted

and

note

d fo

r com

paris

on p

urpo

ses

only

.

Sou

rce:

Dis

trict

Rec

ords

Fisc

al Y

ear E

nded

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSFU

ND

BAL

ANC

ES O

F G

OVE

RN

MEN

TAL

FUN

DS

LAST

TEN

FIS

CAL

YEA

RS

(Mod

ified

Acc

rual

Bas

is o

f Acc

ount

ing)

93

June

30,

200

4Ju

ne 3

0, 2

005

June

30,

200

6Ju

ne 3

0, 2

007

June

30,

200

8Ju

ne 3

0, 2

009

June

30,

201

0Ju

ne 3

0, 2

011

June

30,

201

2Ju

ne 3

0, 2

013

Fede

ral D

irect

Sou

rces

: R

eser

ve O

ffice

rs T

rain

ing

Cor

ps (R

OTC

)73

2,78

2$

88

2,33

4$

93

8,36

9$

93

2,95

1$

97

5,35

3$

1,02

5,98

1$

1,

130,

023

$

1,15

2,42

5$

1,

239,

797

$

1,

290,

063

$

O

ther

Fed

eral

Dire

ct S

ourc

es5,

376,

207

4,

875,

692

4,

714,

421

5,

479,

739

9,

139,

753

13,4

46,8

36

13,4

26,1

74

15,8

84,4

09

17,2

50,3

56

16

,792

,675

Tota

l Fed

eral

Dire

ct6,

108,

989

5,

758,

026

5,

652,

790

6,

412,

690

10

,115

,106

14

,472

,817

14

,556

,197

17

,036

,834

18

,490

,153

18,0

82,7

38

Fede

ral T

hrou

gh S

tate

Sou

rces

: F

ood

Ser

vice

29

,712

,024

38,3

93,8

46

36

,300

,826

39,0

70,0

41

42

,536

,722

45

,854

,192

51

,345

,890

57

,149

,777

62

,575

,805

69,5

05,6

88

O

ther

Fed

eral

Thr

ough

Sta

te G

rant

s86

,562

,682

100,

127,

997

10

6,84

2,98

4

107,

180,

706

10

6,59

4,38

2

102,

418,

357

20

0,52

6,77

5

245,

307,

551

12

6,74

8,98

1

12

5,82

5,96

4

Tota

l Fed

eral

Thr

ough

Sta

te S

ourc

es:

116,

274,

706

13

8,52

1,84

3

143,

143,

810

14

6,25

0,74

7

149,

131,

104

14

8,27

2,54

9

251,

872,

665

30

2,45

7,32

8

189,

324,

786

195,

331,

652

Stat

e So

urce

s: F

lorid

a E

duca

tion

Fina

nce

Pro

gram

(FE

FP)

407,

459,

237

45

3,52

3,32

5

435,

458,

428

47

3,40

6,08

4

397,

610,

759

30

5,07

6,34

9

293,

610,

582

38

4,63

3,84

6

382,

177,

641

429,

171,

849

Cat

egor

ical

Pro

gram

s93

,387

,988

128,

448,

351

16

5,85

6,28

4

208,

943,

893

24

8,16

0,17

6

249,

528,

303

19

1,64

8,54

7

200,

692,

344

20

6,04

3,93

7

22

2,30

2,53

5

D

istri

ct D

iscr

etio

nary

Lot

tery

Fun

ds8,

094,

575

9,

787,

702

8,

812,

472

7,

235,

048

8,

737,

525

4,39

5,68

3

50

1,15

6

682,

043

60

5,66

8

-

Wor

kfor

ce D

evel

opm

ent

33,4

65,5

64

34

,407

,474

35,2

03,7

85

36

,543

,632

35,4

95,9

64

34,0

76,1

60

30,8

99,5

20

30,2

17,3

05

31,9

19,7

23

31

,712

,727

CO

& D

S D

istri

butio

n1,

381,

247

1,

602,

238

1,

601,

280

1,

993,

589

1,

802,

397

1,61

4,46

1

1,

576,

417

1,73

6,51

1

2,

187,

803

5,

020,

624

C

O &

DS

With

held

for S

BE

/CO

BI B

onds

5,27

6,37

5

5,26

7,41

7

5,47

7,66

7

6,36

0,11

3

5,14

8,22

2

5,

028,

420

5,05

6,20

3

5,

032,

436

5,05

5,04

4

2,08

0,81

3

SB

E B

ond

Inte

rest

11,0

71

10

,727

10,0

00

-

-

-

-

-

-

-

Pub

lic E

duca

tion

Cap

ital O

utla

y16

,193

,255

22,2

33,3

64

14

,212

,239

28,1

86,8

77

24

,147

,999

14

,846

,886

18

,700

,768

9,

613,

136

2,35

9,07

6

2,29

4,45

6

Cla

ssro

oms

Firs

t/Cla

ss S

ize

Red

uctio

n-

17,2

00,0

00

25

,647

,383

84,7

09,5

02

-

-

-

-

-

-

S

choo

l Inf

rast

ruct

ure

Trus

t-

4,92

6,50

2

-

-

-

-

-

-

-

-

Foo

d S

ervi

ce90

2,48

2

97

1,11

6

1,

235,

706

1,

075,

488

1,

020,

024

1,09

8,94

8

1,

181,

156

1,23

5,67

2

1,

079,

548

1,

186,

450

O

ther

Sta

te S

ourc

es4,

192,

677

5,

042,

258

6,

005,

892

5,

325,

940

4,

667,

645

2,36

7,35

0

14

,291

,363

15

,294

,962

12

,302

,737

1,16

1,56

2

Tota

l Sta

te S

ourc

es57

0,36

4,47

1

683,

420,

474

69

9,52

1,13

6

853,

780,

166

72

6,79

0,71

1

618,

032,

560

55

7,46

5,71

2

649,

138,

255

64

3,73

1,17

7

69

4,93

1,01

6

Loca

l Sou

rces

: A

d V

alor

em T

axes

471,

652,

189

49

0,99

1,03

7

566,

808,

628

63

8,34

6,16

0

742,

360,

005

77

8,18

6,66

2

750,

980,

938

67

6,80

0,92

1

710,

708,

248

704,

853,

276

Sal

es T

ax13

8,70

1,45

6

149,

353,

778

16

6,42

1,56

3

170,

597,

436

16

6,19

0,26

9

154,

176,

277

15

0,84

3,95

7

163,

594,

345

17

0,82

6,44

4

18

1,30

1,57

9

I

mpa

ct F

ees

36,9

05,8

33

46

,670

,462

88,2

53,7

59

55

,413

,704

37,5

59,6

75

19,0

66,8

58

21,4

82,0

85

16,1

10,9

10

21,1

23,6

58

39

,446

,508

Foo

d S

ervi

ce S

ales

18,4

97,8

05

14

,398

,111

17,5

64,7

71

18

,765

,375

17,7

22,7

28

18,4

41,6

37

17,0

31,4

89

16,3

49,2

73

14,8

09,4

08

12

,592

,160

Int

eres

t Inc

ome

and

Oth

ers

8,66

2,36

1

19,9

01,8

80

36

,637

,908

60,7

83,2

00

65

,261

,894

24

,668

,602

25

,615

,842

24

,149

,079

26

,474

,019

2,87

9,77

6

Loc

al G

rant

s an

d O

ther

Loc

al S

ourc

es26

,749

,443

21,9

02,4

30

28

,060

,286

47,5

53,0

19

32

,268

,934

40

,430

,947

31

,356

,236

29

,945

,449

28

,041

,156

27,6

91,0

05

Tota

l Loc

al S

ourc

es70

1,16

9,08

7

743,

217,

698

90

3,74

6,91

5

991,

458,

894

1,

061,

363,

505

1,03

4,97

0,98

3

99

7,31

0,54

7

926,

949,

977

97

1,98

2,93

3

96

8,76

4,30

4

Tota

l Rev

enue

s1,

393,

917,

253

$

1,57

0,91

8,04

1$

1,

752,

064,

651

$

1,99

7,90

2,49

7$

1,

947,

400,

426

$

1,81

5,74

8,90

9$

1,

821,

205,

121

$

1,89

5,58

2,39

4$

1,

823,

529,

049

$

1,

877,

109,

710

$

Sou

rce:

Dis

trict

Rec

ords

-

-

Fisc

al Y

ear E

nded

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSC

HAN

GES

IN F

UN

D B

ALAN

CES

OF

GO

VER

NM

ENTA

L FU

ND

SLA

ST T

EN F

ISC

AL Y

EAR

S(M

odifi

ed A

ccru

al B

asis

of A

ccou

ntin

g)

94

June

30,

200

4Ju

ne 3

0, 2

005

June

30,

200

6Ju

ne 3

0, 2

007

June

30,

200

8Ju

ne 3

0, 2

009

June

30,

201

0Ju

ne 3

0, 2

011

June

30,

201

2Ju

ne 3

0, 2

013

Expe

nditu

res:

Cur

rent

: I

nstru

ctio

n64

1,02

0,81

9$

69

4,99

3,96

2$

77

0,37

6,73

2$

83

4,42

3,08

4$

86

7,97

3,00

5$

79

9,21

9,53

2$

80

8,53

2,53

0$

84

1,87

8,36

7$

83

3,61

6,66

4$

86

9,28

6,69

1$

P

upil

Pers

onne

l Ser

vice

s38

,440

,642

40

,068

,364

44

,293

,707

49

,674

,257

51

,335

,304

47

,056

,953

46

,224

,837

45

,960

,918

43

,049

,241

43

,175

,305

I

nstru

ctio

nal M

edia

Ser

vice

s11

,116

,145

13

,376

,861

15

,720

,351

18

,682

,223

19

,393

,317

16

,510

,136

15

,426

,974

15

,802

,659

15

,104

,921

15

,252

,370

I

nstru

ctio

n an

d C

urric

ulum

D

evel

opm

ent

68,7

94,8

94

74,1

02,5

34

65,5

51,5

23

82,4

07,1

77

88,1

20,2

69

82,7

45,1

26

82,1

31,7

28

81,1

52,0

28

67,8

19,9

43

67,5

93,7

77

Ins

truct

iona

l Sta

ff Tr

aini

ng S

ervi

ces

17,1

79,5

46

21,2

95,0

85

29,2

84,7

54

29,1

12,3

09

28,6

10,3

50

29,2

49,8

66

23,1

84,1

12

25,1

09,9

93

37,1

20,6

62

37,7

25,5

34

Ins

truct

iona

l Rel

ated

Tec

hnol

ogy

(a)

-

-

16,9

23,1

03

12,8

59,1

09

13,7

75,3

79

12,9

98,1

46

15,2

92,1

20

13,3

20,1

21

10,6

39,0

42

11,5

72,2

35

Boa

rd o

f Edu

catio

n2,

235,

422

1,86

6,09

4

2,

134,

401

2,19

0,44

8

4,

570,

077

2,96

2,56

4

2,

947,

410

2,88

1,35

7

3,

202,

884

3,30

2,19

8

G

ener

al A

dmin

istra

tion

6,20

4,87

6

5,

634,

396

6,08

7,24

7

7,

885,

933

7,46

6,23

1

7,

682,

135

10,4

41,8

58

11,5

02,7

37

7,31

1,01

2

7,

704,

398

Sch

ool A

dmin

istra

tion

72,1

75,0

11

76,5

10,1

38

82,6

71,3

92

90,5

52,8

66

96,5

38,3

90

91,7

97,3

42

91,6

40,2

09

94,5

58,4

92

91,9

77,1

05

94,3

37,6

03

Fac

ilitie

s Ac

quis

ition

& C

onst

ruct

ion

50,5

47,5

99

49,4

14,7

60

60,0

80,5

22

61,2

21,9

88

42,7

28,9

35

36,7

49,2

43

33,2

50,5

12

31,7

51,6

48

29,5

80,9

87

25,8

77,1

70

Fis

cal S

ervi

ces

5,14

4,07

2

5,

311,

836

5,70

4,39

1

6,

395,

335

6,58

8,65

1

5,

800,

858

5,69

1,81

4

5,

877,

153

5,78

0,39

9

5,

791,

787

Foo

d Se

rvic

es46

,449

,933

49

,953

,102

56

,495

,057

59

,090

,850

61

,698

,191

61

,338

,061

63

,430

,478

69

,266

,409

72

,728

,578

79

,319

,992

C

entra

l Ser

vice

s20

,782

,088

27

,398

,041

16

,431

,884

20

,830

,800

18

,020

,386

15

,489

,392

16

,547

,133

18

,556

,239

15

,382

,412

16

,162

,670

P

upil

Tran

spor

tatio

n Se

rvic

es49

,929

,948

53

,528

,482

59

,057

,564

63

,974

,256

67

,780

,206

59

,782

,558

59

,905

,026

61

,602

,681

59

,710

,159

64

,875

,630

O

pera

tion

of P

lant

65,2

51,3

55

69,5

41,5

76

80,3

10,3

75

91,4

70,6

77

100,

058,

298

95,8

39,3

68

99,2

84,6

05

96,7

54,7

59

96,4

59,8

45

96,0

37,4

63

Mai

nten

ance

of P

lant

31,5

93,5

24

36,0

43,9

45

40,2

73,3

03

41,5

84,0

94

41,9

07,4

84

32,8

61,6

08

32,0

17,4

25

31,5

53,0

59

29,8

45,9

91

31,0

60,0

62

Adm

inis

trativ

e Te

chno

logy

Ser

vice

s (a

)-

-

12

,086

,405

16

,441

,356

15

,491

,348

16

,303

,576

16

,036

,455

15

,831

,717

17

,642

,277

17

,232

,485

C

omm

unity

Ser

vice

s10

,033

,458

9,

946,

113

10,4

08,6

86

10,6

74,4

62

10,6

80,8

07

11,9

35,1

16

12,8

23,9

26

13,0

27,4

54

11,3

16,6

32

13,2

15,8

47

Cap

ital O

utla

y:

F

acili

ties

Acqu

isiti

on &

Con

stru

ctio

n13

0,39

3,37

1

24

0,39

6,19

9

32

6,16

4,79

3

37

1,89

7,42

9

37

6,38

9,86

0

29

3,25

3,50

3

22

8,76

8,71

1

23

5,72

2,72

2

19

9,04

0,09

6

15

8,92

3,62

0

O

ther

Cap

ital O

utla

y10

,204

,730

11

,640

,230

12

,743

,082

10

,324

,831

7,

378,

042

5,46

0,57

4

12

,635

,294

7,

311,

007

6,87

6,35

9

7,

710,

191

Deb

t Ser

vice

:

P

rinci

pal

35,2

60,0

02

28,1

13,1

75

31,5

86,8

88

43,0

94,3

54

35,4

35,5

04

38,4

29,1

84

42,1

28,9

73

42,6

76,0

81

45,1

41,6

61

29,3

92,2

38

Int

eres

t and

Fis

cal C

harg

es44

,008

,385

47

,117

,027

59

,074

,113

64

,419

,260

70

,259

,412

76

,682

,935

78

,186

,603

72

,880

,595

71

,400

,149

65

,624

,781

-

-

To

tal E

xpen

ditu

res

1,35

6,76

5,82

0

1,55

6,25

1,92

0

1,80

3,46

0,27

3

1,98

9,20

7,09

8

2,03

2,19

9,44

6

1,84

0,14

7,77

6

1,79

6,52

8,73

3

1,83

4,97

8,19

6

1,77

0,74

7,01

9

1,76

1,17

4,04

7

Exce

ss (D

efic

ienc

y) o

f Rev

enue

s O

ver (

Und

er) E

xpen

ditu

res

37,1

51,4

33

14,6

66,1

21

(51,

395,

622)

8,

695,

399

(84,

799,

020)

(2

4,39

8,86

7)

24,6

76,3

88

60,6

04,1

98

52,7

82,0

30

115,

935,

663

Oth

er F

inan

cing

Sou

rces

(Use

s) R

efun

ding

Bon

ds-

-

-

-

-

-

2,

485,

000

2,59

0,00

0

-

-

C

ertif

icat

es o

f Par

ticip

atio

n11

,747

,355

28

3,34

5,00

0

25

6,38

0,00

0

27

0,42

5,00

0

20

3,86

5,00

0

28

5,27

5,00

0

35

,820

,000

36

,229

,000

13

5,17

5,00

0

-

C

apita

l Lea

se19

,463

,209

11

,482

,156

23

,996

,466

13

,500

,000

-

13

,219

,029

-

-

-

-

P

rem

ium

s on

Lon

g-Te

rm D

ebt I

ssue

d-

16

,512

,461

12

,468

,687

3,

010,

386

843,

649

(4

,863

,623

)

-

-

14,6

36,1

81

-

Pay

men

t to

Ref

undi

ng B

onds

Esc

row

Age

nt-

-

(1

16,8

58,5

00)

-

(310

,426

,714

)

(9

8,21

0,00

0)

(26,

157,

559)

(7

0,55

2,42

9)

(166

,197

,364

)

-

P

roce

eds

from

the

Sale

of C

apita

l Ass

ets

804,

254

39

2,74

9

6,64

2,31

2

30

1,87

6

989,

213

7,

255,

023

212,

999

1,

891,

763

767,

229

1,

108,

153

Ins

uran

ce L

oss

Rec

over

ies

237,

833

2,

821,

622

1,94

6,90

0

46

6,26

4

327,

035

20

4,63

9

275,

632

13

1,92

7

47,2

84

75,7

73

Tra

nsfe

r In

101,

735,

582

101,

570,

812

107,

132,

742

123,

330,

129

122,

983,

396

112,

287,

975

154,

843,

154

143,

945,

523

121,

688,

005

116,

346,

272

Tra

nsfe

r Out

(101

,735

,582

)

(1

01,5

70,8

12)

(107

,132

,742

)

(1

23,3

30,1

29)

(122

,983

,396

)

(1

12,2

87,9

75)

(161

,513

,154

)

(1

50,6

15,5

23)

(128

,358

,005

)

(1

23,0

16,2

72)

Tota

l Oth

er F

inan

cing

Sou

rces

(Use

s)32

,252

,651

31

4,55

3,98

8

18

4,57

5,86

5

28

7,70

3,52

6

(1

04,4

01,8

17)

202,

880,

068

5,96

6,07

2

(3

6,37

9,73

9)

(22,

241,

670)

(5

,486

,074

)

Net

Cha

nge

in F

und

Bala

nce

69,4

04,0

84

329,

220,

109

133,

180,

243

296,

398,

925

(189

,200

,837

)

17

8,48

1,20

1

30

,642

,460

24

,224

,459

30

,540

,360

11

0,44

9,58

9

Fund

Bal

ance

s, B

egin

ning

1,39

4,84

7,52

3

1,46

4,25

1,60

7

1,79

6,47

1,71

6

1,06

1,72

9,10

8

1,35

8,12

8,03

3

1,16

8,92

7,19

6

1,34

7,40

8,39

7

1,37

8,05

0,85

7

1,40

2,27

5,31

6

1,43

2,81

5,67

6

Fund

Bal

ance

s, E

ndin

g1,

464,

251,

607

$ 1,

793,

471,

716

$ 1,

929,

651,

959

$ 1,

358,

128,

033

$ 1,

168,

927,

196

$ 1,

347,

408,

397

$ 1,

378,

050,

857

$ 1,

402,

275,

316

$ 1,

432,

815,

676

$ 1,

543,

265,

265

$

Deb

t Ser

vice

as

a Pe

rcen

tage

of

Non

capi

tal E

xpen

ditu

res

6.52

%5.

77%

6.19

%6.

69%

6.41

%7.

47%

7.74

%7.

26%

7.45

%5.

96%

Not

e: (

a)

In fi

scal

yea

r end

ing

June

30,

200

6, tw

o ne

w fu

nctio

n/pr

ogra

m e

xpen

ditu

res

clas

sific

atio

ns w

ere

esta

blis

hed

to re

port

tech

nolo

gy e

xpen

ditu

res

prev

ious

ly re

porte

d in

cen

tral s

ervi

ces.

Sour

ce:

Dis

trict

Rec

ords

(Mod

ified

Acc

rual

Bas

is o

f Acc

ount

ing)

Fisc

al Y

ear E

nded

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSC

HAN

GES

IN F

UN

D B

ALAN

CES

OF

GO

VER

NM

ENTA

L FU

ND

SLA

ST T

EN F

ISC

AL Y

EAR

S

(con

tinue

d)

95

June

30,

200

4Ju

ne 3

0, 2

005

June

30,

200

6Ju

ne 3

0, 2

007

June

30,

200

8Ju

ne 3

0, 2

009

June

30,

201

0Ju

ne 3

0, 2

011

June

30,

201

2Ju

ne 3

0, 2

013

Fede

ral D

irect

Sou

rces

: R

eser

ve O

ffice

rs T

rain

ing

Cor

ps (R

OTC

)73

2,78

2$

882,

334

$

93

8,36

9$

932,

951

$

97

5,35

3$

1,02

5,98

1$

1,

130,

023

$

1,15

2,42

5$

1,

239,

797

$

1,29

0,06

3$

O

ther

Fed

eral

Dire

ct S

ourc

es3,

845

6,06

5

3,

240

2,89

5

2,

749

4,04

0

-

5,64

0

7,

550

-

To

tal F

eder

al D

irect

736,

627

88

8,39

9

941,

609

93

5,84

6

978,

102

1,

030,

021

1,13

0,02

3

1,

158,

065

1,24

7,34

7

1,

290,

063

Fede

ral T

hrou

gh S

tate

: O

ther

Fed

eral

Thr

ough

Sta

te S

ourc

es3,

858,

765

5,29

5,52

0

3,

066,

007

4,31

7,85

7

2,

923,

059

2,62

7,85

0

3,

951,

397

2,33

8,71

8

3,

770,

989

4,30

7,20

1

To

tal F

eder

al T

hrou

gh S

tate

3,85

8,76

5

5,

295,

520

3,06

6,00

7

4,

317,

857

2,92

3,05

9

2,

627,

850

3,95

1,39

7

2,

338,

718

3,77

0,98

9

4,

307,

201

Stat

e So

urce

s: F

lorid

a Ed

ucat

ion

Fina

nce

Prog

ram

(FEF

P)40

7,45

9,23

7

453,

523,

325

435,

458,

428

47

3,40

6,08

4

39

7,61

0,75

9

30

5,07

6,34

9

29

3,61

0,58

2

38

4,63

3,84

6

38

2,17

7,64

1

42

9,17

1,84

9

C

ateg

oric

al P

rogr

ams

93,3

87,9

88

128,

448,

351

169,

066,

567

20

8,94

3,89

3

24

8,16

0,17

6

24

9,52

8,30

3

19

1,64

8,54

7

20

0,69

2,34

4

20

6,04

3,93

7

22

2,30

2,53

5

D

istri

ct D

iscr

etio

nary

Lot

tery

Fun

ds8,

094,

575

9,78

7,70

2

8,

812,

472

7,23

5,04

8

8,

737,

525

4,39

5,68

3

50

1,15

6

682,

043

60

5,66

8

-

W

orkf

orce

Dev

elop

men

t33

,465

,564

34

,407

,474

35

,203

,785

36

,543

,632

35

,495

,964

34

,076

,160

30

,899

,520

30

,217

,305

31

,919

,723

31

,712

,727

C

O&D

S D

istri

butio

n99

,082

101,

955

10

3,63

1

101,

523

10

2,11

1

97,7

00

98,3

05

100,

317

10

7,46

9

105,

207

O

ther

Sta

te S

ourc

es4,

181,

606

5,03

1,53

1

2,

795,

610

5,32

5,94

0

4,

667,

645

2,36

7,35

0

14

,291

,363

15

,294

,962

12

,302

,737

1,

161,

562

Tota

l Sta

te S

ourc

es54

6,68

8,05

2

631,

300,

338

651,

440,

493

73

1,55

6,12

0

69

4,77

4,18

0

59

5,54

1,54

5

53

1,04

9,47

3

63

1,62

0,81

7

63

3,15

7,17

5

68

4,45

3,88

0

Loca

l Sou

rces

: A

d Va

lore

m T

axes

381,

958,

319

39

3,32

0,73

6

45

7,23

6,47

1

504,

809,

925

586,

022,

104

614,

940,

923

604,

099,

356

548,

160,

633

585,

882,

336

580,

088,

306

Int

eres

t Inc

ome

1,58

9,30

2

3,

483,

235

8,74

5,23

7

11

,269

,867

9,

979,

278

3,42

4,20

0

8,

812,

698

3,51

3,34

8

5,

903,

328

1,81

7,65

1

F

ees

and

Oth

er L

ocal

Sou

rces

16,5

70,5

52

12,2

93,7

55

14,8

47,8

82

18,9

17,9

41

17,9

63,0

38

28,2

13,8

53

24,0

67,6

46

22,7

12,5

22

21,7

69,2

97

20,8

25,0

22

Tota

l Loc

al S

ourc

es40

0,11

8,17

3

409,

097,

726

480,

829,

590

53

4,99

7,73

3

61

3,96

4,42

0

64

6,57

8,97

6

63

6,97

9,70

0

57

4,38

6,50

3

61

3,55

4,96

1

60

2,73

0,97

9

Tota

l Rev

enue

s95

1,40

1,61

7

1,04

6,58

1,98

3

1,13

6,27

7,69

9

1,

271,

807,

556

1,

312,

639,

761

1,

245,

778,

392

1,

173,

110,

593

1,

209,

504,

103

1,

251,

730,

472

1,

292,

782,

123

Expe

nditu

res:

(by

obj

ect)

Sal

arie

s59

5,87

4,06

2

650,

391,

386

713,

630,

236

78

1,82

2,08

3

82

0,83

9,65

0

76

2,81

7,97

1

68

2,73

8,09

3

66

6,75

1,38

2

75

3,69

0,48

8

76

0,78

9,43

7

E

mpl

oyee

Ben

efits

175,

889,

280

19

5,63

2,00

5

21

0,36

9,48

5

242,

419,

542

262,

583,

022

250,

940,

157

221,

811,

800

235,

003,

687

222,

364,

506

236,

296,

917

Pur

chas

ed S

ervi

ces

80,0

61,4

45

89,8

31,9

55

108,

402,

086

13

6,78

8,06

7

13

3,53

4,71

0

10

8,66

9,47

3

11

3,65

9,15

0

12

6,83

4,80

8

12

6,95

9,28

8

13

9,74

6,78

6

E

nerg

y Se

rvic

es25

,368

,483

29

,816

,921

38

,246

,869

46

,908

,677

49

,896

,782

47

,106

,667

51

,619

,227

51

,124

,069

52

,205

,783

50

,598

,665

M

ater

ial a

nd S

uppl

ies

36,2

16,9

09

34,8

85,7

21

44,2

57,0

27

43,9

66,6

90

41,0

55,8

09

29,3

01,3

79

43,2

07,3

29

21,7

78,0

78

38,3

36,2

03

51,5

02,7

11

Cap

ital O

utla

y18

,273

,228

25

,883

,044

30

,286

,906

24

,498

,069

17

,628

,955

16

,107

,140

20

,449

,318

15

,433

,817

13

,726

,115

18

,900

,976

O

ther

Exp

endi

ture

s32

,442

,111

17

,304

,851

19

,799

,896

9,

421,

158

11,2

31,9

85

10,7

64,1

85

10,3

19,4

79

8,63

3,51

7

7,

834,

000

7,61

1,17

7

To

tal E

xpen

ditu

res

964,

125,

518

1,

043,

745,

883

1,

164,

992,

505

1,28

5,82

4,28

6

1,33

6,77

0,91

4

1,22

5,70

6,97

2

1,14

3,80

4,39

5

1,12

5,55

9,35

8

1,21

5,11

6,38

3

1,26

5,44

6,66

9

Exce

ss (D

efic

ienc

y) o

f Rev

enue

s O

ver (

Und

er) E

xpen

ditu

res

(12,

723,

901)

2,

836,

100

(28,

714,

806)

(1

4,01

6,73

0)

(2

4,13

1,15

3)

20

,071

,420

29

,306

,198

83

,944

,745

36

,614

,089

27

,335

,454

Oth

er F

inan

cing

Sou

rces

26,5

30,5

60

36,3

58,4

67

34,0

44,0

40

34,7

36,1

05

40,6

82,0

60

7,79

5,96

1

(2

,250

,456

)

4,96

2,33

6

5,

654,

158

6,00

2,06

3

Exce

ss (D

efic

ienc

y) o

f Rev

enue

s a

nd O

ther

Sou

rces

Ove

r (U

nder

) E

xpen

ditu

res

and

Oth

er U

ses

13,8

06,6

59

39,1

94,5

67

5,32

9,23

4

20

,719

,375

16

,550

,907

27

,867

,381

27

,055

,742

88

,907

,081

42

,268

,247

33

,337

,517

Begi

nnin

g Fu

nd B

alan

ces

98,5

31,1

58

112,

337,

817

151,

532,

384

15

6,86

1,61

8

17

7,58

0,99

3

19

4,13

1,90

0

22

1,99

9,28

1

24

9,05

5,02

3

33

7,96

2,10

4

38

0,23

0,35

1

En

ding

Fun

d Ba

lanc

es11

2,33

7,81

7$

151,

532,

384

$

156,

861,

618

$

17

7,58

0,99

3$

19

4,13

1,90

0$

22

1,99

9,28

1$

24

9,05

5,02

3$

33

7,96

2,10

4$

38

0,23

0,35

1$

41

3,56

7,86

8$

Sour

ce: D

istri

ct R

ecor

ds

Fisc

al Y

ear E

nded

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSSU

MM

ARY

OF

REV

ENU

ES, E

XPEN

DIT

UR

ES (b

y M

ajor

Obj

ect)

AND

CH

ANG

ES IN

FU

ND

BAL

ANC

ES -

GEN

ERAL

FU

ND

LAST

TEN

FIS

CAL

YEA

RS

(Mod

ified

Acc

rual

Bas

is o

f Acc

ount

ing)

96

June

30,

200

4Ju

ne 3

0, 2

005

June

30,

200

6Ju

ne 3

0, 2

007

June

30,

200

8Ju

ne 3

0, 2

009

June

30,

201

0Ju

ne 3

0, 2

011

June

30,

201

2Ju

ne 3

0, 2

013

Fede

ral D

irect

Sou

rces

: M

isce

llane

ous

Fede

ral D

irect

5,37

2,36

2$

4,86

9,62

7$

4,71

1,18

1$

5,47

6,84

4$

9,13

7,00

4$

13,4

42,7

96$

13

,426

,174

$

15,5

05,9

12$

15

,453

,093

$

15,0

02,9

62$

To

tal F

eder

al D

irect

5,37

2,36

2

4,86

9,62

7

4,71

1,18

1

5,47

6,84

4

9,13

7,00

4

13,4

42,7

96

13

,426

,174

15,5

05,9

12

15

,453

,093

15,0

02,9

62

Fede

ral T

hrou

gh S

tate

Sou

rces

: O

ther

Fed

eral

Thr

ough

Sta

te G

rant

s82

,703

,917

94,8

32,4

77

10

3,77

6,97

7

102,

862,

849

10

3,67

1,32

3

99,7

90,5

07

91

,529

,780

108,

475,

438

11

4,82

7,80

6

113,

600,

747

To

tal F

eder

al T

hrou

gh S

tate

Sou

rces

:82

,703

,917

94,8

32,4

77

10

3,77

6,97

7

102,

862,

849

10

3,67

1,32

3

99,7

90,5

07

91

,529

,780

108,

475,

438

11

4,82

7,80

6

113,

600,

747

Tota

l Rev

enue

s88

,076

,279

99,7

02,1

04

10

8,48

8,15

8

108,

339,

693

11

2,80

8,32

7

113,

233,

303

10

4,95

5,95

4

123,

981,

350

13

0,28

0,89

9

128,

603,

709

Expe

nditu

res:

(by

obj

ect)

Sal

arie

s43

,599

,736

50,6

27,0

08

55

,260

,440

56,7

63,4

81

54

,753

,504

55,1

98,6

83

52

,505

,039

58,2

92,7

37

67

,252

,172

63,8

03,4

42

E

mpl

oyee

Ben

efits

13,7

91,6

98

15

,661

,798

16,3

87,2

46

17

,877

,636

16,7

46,8

26

16

,918

,802

16,7

69,2

56

19

,439

,637

19,2

67,9

83

19

,162

,857

Pur

chas

ed S

ervi

ces

10,2

53,1

23

11

,649

,794

13,8

93,3

70

14

,674

,642

18,5

02,1

58

22

,152

,884

15,5

67,3

82

21

,067

,334

22,1

47,4

13

19

,546

,803

Ene

rgy

Serv

ices

9,58

3

6,89

9

659

62

157

-

19

,279

16,8

19

93

5

16

,846

Mat

eria

l and

Sup

plie

s5,

054,

727

8,

593,

274

11

,313

,495

8,84

9,75

3

12,0

68,2

17

9,

269,

678

6,

263,

141

8,

180,

039

6,

439,

017

7,

250,

840

C

apita

l Out

lay

8,50

8,49

4

9,35

8,27

6

6,95

0,40

0

5,36

4,59

5

5,76

7,91

3

3,40

4,90

4

5,15

4,70

3

7,76

5,58

5

7,00

1,97

7

10,0

44,8

01

O

ther

Exp

endi

ture

s6,

858,

918

3,

805,

055

4,

682,

548

4,

809,

524

4,

969,

550

6,

288,

352

8,

677,

155

9,

219,

199

8,

171,

402

8,

778,

120

To

tal E

xpen

ditu

res

88,0

76,2

79

99

,702

,104

108,

488,

158

10

8,33

9,69

3

112,

808,

327

11

3,23

3,30

3

104,

955,

954

12

3,98

1,35

0

130,

280,

899

12

8,60

3,70

9

Exce

ss (D

efic

ienc

y) o

f Rev

enue

s O

ver E

xpen

ditu

res

-

-

-

-

-

-

-

-

-

-

Oth

er F

inan

cing

Use

s-

-

-

-

-

-

-

-

-

-

Exce

ss (D

efic

ienc

y) o

f Rev

enue

s a

nd O

ther

Sou

rces

Ove

r E

xpen

ditu

res

and

Oth

er U

ses

-

-

-

-

-

-

-

-

-

-

Begi

nnin

g Fu

nd B

alan

ce-

-

-

-

-

-

-

-

-

-

En

ding

Fun

d Ba

lanc

e-

$

-$

-

$

-$

-

$

-$

$

-

$

-$

-

$

-

Sour

ce: D

istri

ct R

ecor

ds

OR

AN

GE

CO

UN

TY P

UB

LIC

SC

HO

OLS

SUM

MA

RY

OF

REV

ENU

ES, E

XPEN

DIT

UR

ES (b

y M

ajor

Obj

ect)

AN

D C

HA

NG

ESIN

FU

ND

BA

LAN

CES

- SP

ECIA

L R

EVEN

UES

FU

ND

- O

THER

FED

ERA

L PR

OG

RA

MS

LAST

TEN

FIS

CA

L YE

AR

S(M

odifi

ed A

ccru

al B

asis

of A

ccou

ntin

g)

Fisc

al Y

ear E

nded

97

June 30, 2010 June 30, 2011 June 30, 2012 June 30, 2013

Federal Through State Sources: State Fiscal Stabilization Funds 66,283,178$ 61,601,452$ 13,317$ -$ ARRA - Race to the Top - 662,003 4,401,896 5,298,351 Education Jobs Fund - 37,247,269 550,433 - Individuals with Disabilities Education Act 20,717,677 21,365,832 729,413 - Elementary And Secondary Education Act, Title I 17,612,277 12,958,008 2,430,427 2,658,517 Other Federal Through State Sources 432,466 658,831 78,596 - Total Federal Through State Sources: 105,045,598 134,493,395 8,204,082 7,956,868

Total Revenues 105,045,598 134,493,395 8,204,082 7,956,868

Expenditures: (by object) Salaries 66,804,771 91,931,155 3,180,597 3,183,375 Employee Benefits 20,990,088 32,035,126 759,602 831,564 Purchased Services 8,279,489 3,123,888 1,350,365 1,550,930 Energy Services - - - - Material and Supplies 1,536,735 806,574 358,326 825,543 Capital Outlay 4,148,593 2,931,577 2,072,914 1,231,897 Other Expenditures 3,285,922 3,665,075 482,278 333,559 Total Expenditures 105,045,598 134,493,395 8,204,082 7,956,868

Excess (Deficiency) of Revenues Over Expenditures - - - -

Other Financing Uses - - - -

Excess (Deficiency) of Revenues and Other Sources Over Expenditures and Other Uses - - - -

Beginning Fund Balance - - - - Ending Fund Balance -$ -$ -$ -$

Note: The District began receiving revenue for the fiscal year ending June 30, 2010. As a result, this is the third year of reporting.


ORANGE COUNTY PUBLIC SCHOOLSSUMMARY OF REVENUES, EXPENDITURES (by Major Object) AND CHANGES

IN FUND BALANCES - ARRA FEDERAL PROGRAMS - SPECIAL REVENUE FUNDLAST FOUR FISCAL YEARS

Fiscal Year Ended

98

June

30,

200

4Ju

ne 3

0, 2

005

June

30,

200

6Ju

ne 3

0, 2

007

June

30,

200

8Ju

ne 3

0, 2

009

June

30,

201

0Ju

ne 3

0, 2

011

June

30,

201

2Ju

ne 3

0, 2

013

Fede

ral T

hrou

gh S

tate

Sou

rces

: F

ood

Ser

vice

28

,014

,411

$

34,4

92,1

73$

34

,227

,230

$

35,5

62,8

01$

38

,559

,119

$

42,0

22,8

60$

47

,772

,707

$

52,4

65,7

85$

58

,569

,097

$

64,6

15,5

21$

D

onat

ed F

oods

1,69

7,61

3

3,90

1,67

3

2,07

3,59

6

3,50

7,24

0

3,97

7,60

3

3,83

1,33

2

3,57

3,18

3

4,68

3,99

2

4,00

6,70

8

4,89

0,16

7

Oth

er F

eder

al T

hrou

gh S

tate

Gra

nts

-

-

-

-

-

-

-

-

-

-

Tota

l Fed

eral

Thr

ough

Sta

te S

ourc

es:

29,7

12,0

24

38

,393

,846

36,3

00,8

26

39

,070

,041

42,5

36,7

22

45

,854

,192

51,3

45,8

90

57

,149

,777

62,5

75,8

05

69

,505

,688

Stat

e So

urce

s: F

ood

Ser

vice

s90

2,48

2

97

1,11

6

1,

235,

706

1,

075,

488

1,

020,

024

1,

098,

948

1,

181,

156

1,

235,

672

1,

079,

548

1,

186,

450

To

tal S

tate

Sou

rces

902,

482

971,

116

1,23

5,70

6

1,07

5,48

8

1,02

0,02

4

1,09

8,94

8

1,18

1,15

6

1,23

5,67

2

1,07

9,54

8

1,18

6,45

0

Loca

l Sou

rces

: F

ood

Ser

vice

Sal

es18

,687

,154

14,6

47,3

53

17

,564

,771

18,7

65,3

75

17

,856

,764

18,6

14,5

42

17

,031

,489

16,3

49,2

73

14

,809

,408

12,5

92,1

60

I

nter

est I

ncom

e an

d O

ther

s-

969

247,

766

215,

485

839

39,6

03

12

0,36

4

45

,041

139,

485

(4,6

42)

To

tal L

ocal

Sou

rces

18,6

87,1

54

14

,648

,322

17,8

12,5

37

18

,980

,860

17,8

57,6

03

18

,654

,145

17,1

51,8

53

16

,394

,314

14,9

48,8

93

12

,587

,518

Tota

l Rev

enue

s49

,301

,660

54,0

13,2

84

55

,349

,069

59,1

26,3

89

61

,414

,349

65,6

07,2

85

69

,678

,899

74,7

79,7

63

78

,604

,246

83,2

79,6

56

Expe

nditu

res:

(by

obj

ect)

Sal

arie

s12

,531

,446

13,2

31,6

52

15

,594

,831

16,9

82,7

12

17

,095

,903

16,9

21,1

75

18

,012

,876

18,4

28,7

77

19

,058

,163

20,0

66,6

45

E

mpl

oyee

Ben

efits

6,02

1,67

4

6,35

2,61

7

7,66

8,88

7

8,69

3,68

8

8,89

1,80

7

9,02

9,40

8

9,34

0,52

1

10,2

20,9

64

9,

771,

804

10

,898

,880

Pur

chas

ed S

ervi

ces

2,98

8,28

0

3,10

8,78

3

3,28

5,96

9

2,78

0,03

6

1,82

2,46

1

1,77

9,35

1

2,19

6,55

0

2,85

9,20

0

3,35

2,07

5

3,07

9,99

8

Ene

rgy

Ser

vice

s1,

275,

978

1,

476,

121

1,

819,

101

75

8,16

5

91

5,15

1

93

6,47

9

98

7,13

6

1,

040,

894

1,

031,

826

1,

027,

398

M

ater

ial a

nd S

uppl

ies

21,5

33,1

59

23

,459

,911

25,7

58,0

12

27

,006

,604

30,6

37,3

64

30

,133

,045

30,7

10,4

91

34

,261

,054

37,9

11,5

62

42

,805

,822

Cap

ital O

utla

y1,

102,

464

1,

321,

120

2,

011,

137

1,

347,

976

1,

549,

902

82

3,53

1

1,

719,

976

45

2,85

2

1,

960,

951

2,

276,

727

O

ther

Exp

endi

ture

s1,

945,

978

1,

881,

539

1,

558,

280

2,

238,

854

1,

905,

375

1,

953,

645

1,

672,

500

2,

994,

975

1,

193,

497

1,

040,

376

To

tal E

xpen

ditu

res

47,3

98,9

79

50

,831

,743

57,6

96,2

17

59

,808

,035

62,8

17,9

63

61

,576

,634

64,6

40,0

50

70

,258

,716

74,2

79,8

78

81

,195

,846

Exc

ess

(Def

icie

ncy)

of R

even

ues

Ove

r Exp

endi

ture

s1,

902,

681

3,

181,

541

(2

,347

,148

)

(6

81,6

46)

(1

,403

,614

)

4,

030,

651

5,

038,

849

4,

521,

048

4,

324,

368

2,

083,

810

Oth

er F

inan

cing

Sou

rces

(Use

s)-

4,51

6

8,46

2

2,81

3

-

-

-

-

-

-

Exc

ess

(Def

icie

ncy)

of R

even

ues

and

Oth

er S

ourc

es O

ver

Exp

endi

ture

s an

d O

ther

Use

s1,

902,

681

3,

186,

057

(2

,338

,686

)

(6

78,8

33)

(1

,403

,614

)

4,

030,

651

5,

038,

849

4,

521,

048

4,

324,

368

2,

083,

810

Beg

inni

ng F

und

Bal

ance

s52

6,89

7

2,

429,

578

5,

615,

635

3,

276,

949

2,

598,

116

1,

194,

502

5,

225,

152

10

,264

,001

14,7

85,0

49

19

,109

,417

End

ing

Fund

Bal

ance

s2,

429,

578

$

5,

615,

635

$

3,

276,

949

$

2,

598,

116

$

1,

194,

502

$

5,

225,

152

$

10

,264

,001

$

14,7

85,0

49$

19

,109

,417

$

21,1

93,2

27$

Sou

rce:

Dis

trict

Rec

ords

Fisc

al Y

ear E

nded

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSSU

MM

ARY

OF

REV

ENU

ES, E

XPEN

DIT

UR

ES (b

y M

ajor

Obj

ect)

AND

CH

ANG

ES IN

FU

ND

BAL

ANC

ES -

SPEC

IAL

REV

ENU

ES F

UN

D -

FOO

D S

ERVI

CE

LAST

TEN

FIS

CAL

YEA

RS

(Mod

ified

Acc

rual

Bas

is o

f Acc

ount

ing)

99

June

30,

200

4Ju

ne 3

0, 2

005

June

30,

200

6Ju

ne 3

0, 2

007

June

30,

200

8Ju

ne 3

0, 2

009

June

30,

201

0Ju

ne 3

0, 2

011

June

30,

201

2Ju

ne 3

0, 2

013

Fede

ral S

ourc

es:

F

eder

al D

irect

-$

-

$

-

$

-$

-

$

-$

-

$

372,

857

$

1,78

9,71

3$

1,78

9,71

3$

Tota

l Fed

eral

Sou

rces

:-

-

-

-

-

-

-

37

2,85

7

1,

789,

713

1,

789,

713

Stat

e So

urce

s: C

O&

DS

with

held

for S

BE

/CO

BI B

onds

5,21

3,14

0$

5,20

4,18

2$

5,28

7,01

8$

6,36

0,11

3$

5,00

2,15

0$

4,92

9,25

1$

4,95

5,00

9$

4,93

1,40

6$

4,94

7,57

5$

4,91

5,41

7$

SB

E/C

OB

I Bon

d In

tere

st11

,071

10

,727

10

,000

67,1

03

43

,961

1,46

9

2,88

9

713

-

-

Tota

l Sta

te S

ourc

es5,

224,

211

5,

214,

909

5,

297,

018

6,

427,

216

5,

046,

111

4,

930,

720

4,

957,

898

4,

932,

119

4,

947,

575

4,

915,

417

Loca

l Sou

rces

: I

nter

est I

ncom

e an

d O

ther

s53

5,33

5

3,

544,

618

1,

018,

118

11

,685

,825

10,8

59,9

72

5,

680,

320

93

,818

2,42

2,93

4

1,98

2,72

6

598,

381

Loc

al G

rant

s an

d O

ther

Loc

al S

ourc

es-

-

-

-

-

-

-

-

-

-

To

tal L

ocal

Sou

rces

535,

335

3,54

4,61

8

1,01

8,11

8

11,6

85,8

25

10

,859

,972

5,68

0,32

0

93,8

18

2,

422,

934

1,

982,

726

59

8,38

1

Tota

l Rev

enue

s5,

759,

546

8,

759,

527

6,

315,

136

18

,113

,041

15,9

06,0

83

10

,611

,040

5,05

1,71

6

7,72

7,91

0

8,72

0,01

4

7,30

3,51

1

Expe

nditu

res:

(by

obj

ect)

Deb

t Ser

vice

: P

rinci

pal

34,9

87,1

40

28

,113

,175

31

,586

,888

43,0

94,3

54

35

,435

,504

38,4

29,1

84

42

,128

,973

42,6

76,0

81

45

,141

,661

29,3

92,2

38

I

nter

est a

nd F

isca

l Cha

rges

43,3

48,7

75

46

,361

,487

57

,832

,680

62,6

96,8

78

68

,166

,346

73,7

62,8

90

76

,303

,951

72,8

80,1

78

71

,394

,313

65,6

21,0

25

To

tal E

xpen

ditu

res

78,3

35,9

15

74

,474

,662

89

,419

,568

105,

791,

232

10

3,60

1,85

0

112,

192,

074

11

8,43

2,92

4

115,

556,

259

11

6,53

5,97

4

95,0

13,2

63

Def

icie

ncy

of R

even

ues

Ove

r Exp

endi

ture

s(7

2,57

6,36

9)

(6

5,71

5,13

5)

(8

3,10

4,43

2)

(8

7,67

8,19

1)

(8

7,69

5,76

7)

(1

01,5

81,0

34)

(1

13,3

81,2

08)

(1

07,8

28,3

49)

(1

07,8

15,9

60)

(8

7,70

9,75

2)

Oth

er F

inan

cing

Sou

rces

76,1

47,4

83

27

6,78

9,66

1

78

,119

,023

91,7

35,2

85

(2

2,63

0,95

3)

10

9,32

8,14

4

127,

556,

954

66

,912

,918

93,6

20,9

74

10

4,69

0,35

0

Exc

ess

(Def

icie

ncy)

of R

even

ues

and

Oth

er S

ourc

es O

ver

Exp

endi

ture

s an

d O

ther

Use

s3,

571,

114

21

1,07

4,52

6

(4

,985

,409

)

4,

057,

094

(1

10,3

26,7

20)

7,

747,

110

14

,175

,746

(40,

915,

431)

(14,

194,

986)

16,9

80,5

98

Beg

inni

ng F

und

Bal

ance

3,58

2,13

2

7,15

3,24

6

218,

227,

772

21

3,24

2,36

3

217,

299,

457

10

6,97

2,73

7

114,

719,

846

12

8,89

5,59

2

87,9

80,1

61

73

,785

,175

End

ing

Fund

Bal

ance

7,15

3,24

6$

218,

227,

772

$

213,

242,

363

$ 21

7,29

9,45

7$

106,

972,

737

$ 11

4,71

9,84

6$

128,

895,

592

$ 87

,980

,161

$

73,7

85,1

75$

90

,765

,773

$

Sou

rce:

Dis

trict

Rec

ords

Fisc

al Y

ear E

nded

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSSU

MM

ARY

OF

REV

ENU

ES, E

XPEN

DIT

UR

ES (b

y M

ajor

Obj

ect)

AND

CH

ANG

ES IN

FU

ND

BAL

ANC

ES -

DEB

T SE

RVI

CE

FUN

DS

LAST

TEN

FIS

CAL

YEA

RS

(Mod

ified

Acc

rual

Bas

is o

f Acc

ount

ing)

100

Ju

ne 3

0, 2

004

June

30,

200

5Ju

ne 3

0, 2

006

June

30,

200

7Ju

ne 3

0, 2

008

June

30,

200

9Ju

ne 3

0, 2

010

June

30,

201

1Ju

ne 3

0, 2

012

June

30,

201

3

REV

ENU

ESSt

ate

Sour

ces:

CO

&D

S D

istri

bute

d to

Dis

trict

1,29

3,23

6$

1,49

0,84

1$

1,60

1,27

9$

1,89

2,06

6$

1,64

4,16

3$

1,54

5,34

8$

1,57

6,41

7$

1,65

6,09

5$

2,10

9,98

3$

2,01

4,65

4$

I

nter

est o

n U

ndis

tribu

ted

CO

&D

S63

,235

83

,404

87

,018

-

158,

234

69,1

13

-

80

,416

77

,820

66

,158

Pub

lic E

duca

tion

Cap

ital O

utla

y16

,193

,255

22,2

33,3

64

14

,212

,239

28,1

86,8

77

24

,147

,999

14,8

46,8

86

18

,700

,768

9,60

8,64

6

2,35

9,07

6

2,29

4,45

6

C

lass

room

Firs

t/Cla

ss S

ize

Red

uctio

n-

17,2

00,0

00

25

,647

,383

84,7

09,5

02

-

-

-

4,49

0

-

-

S

choo

l Inf

rast

ruct

ure

Trus

t-

4,92

6,50

2

-

-

-

-

-

-

-

-

S

tate

Gra

nts

and

Oth

er S

tate

Sou

rces

-

-

-

-

-

-

-

-

-

-

To

tal S

tate

Sou

rces

17,5

49,7

26

45

,934

,111

41,5

47,9

19

11

4,78

8,44

5

25

,950

,396

16,4

61,3

47

20

,277

,185

11,3

49,6

47

4,

546,

879

4,

375,

268

Loca

l Sou

rces

: A

d V

alor

em T

axes

89,6

93,8

70

97

,670

,301

109,

572,

157

133,

536,

235

156,

337,

901

163,

245,

739

146,

881,

582

128,

640,

288

124,

825,

912

124,

764,

970

S

ales

Tax

138,

701,

456

149,

353,

778

166,

421,

563

170,

597,

436

166,

190,

269

154,

176,

277

150,

843,

957

163,

594,

345

170,

826,

443

181,

301,

579

I

mpa

ct F

ees

36,9

05,8

33

46

,670

,462

88,2

53,7

59

55

,413

,704

37,5

59,6

75

19

,066

,858

21,4

82,0

85

16

,110

,910

21,1

23,6

58

39

,446

,508

I

nter

est I

ncom

e an

d O

ther

s6,

442,

716

12

,702

,593

26,5

33,7

72

37

,292

,955

44,0

93,7

83

15

,405

,683

16,6

01,5

56

17

,944

,001

12,6

45,0

23

52

1,56

3

Loc

al G

rant

s an

d O

ther

Loc

al S

ourc

es-

358,

500

3,54

7,50

0

19,0

57,6

98

4,

826,

681

3,

972,

173

-

374,

374

5,32

0,09

5

152,

117

To

tal L

ocal

Sou

rces

271,

743,

875

306,

755,

634

394,

328,

751

415,

898,

028

409,

008,

308

355,

866,

730

335,

809,

180

326,

663,

918

334,

741,

131

346,

186,

737

Tota

l Rev

enue

s28

9,29

3,60

1

35

2,68

9,74

5

43

5,87

6,67

0

53

0,68

6,47

3

43

4,95

8,70

4

37

2,32

8,07

7

35

6,08

6,36

5

33

8,01

3,56

5

33

9,28

8,01

0

35

0,56

2,00

5

Expe

nditu

res:

(by

obj

ect)

Cap

ital O

utla

y: L

ibra

ry B

ooks

466,

938

495,

898

929,

164

1,08

7,61

2

1,13

3,07

2

1,28

3,22

5

750,

375

351,

292

437,

348

463,

075

A

udio

Vis

ual M

ater

ials

455,

212

76,1

03

331,

510

70,7

84

141,

282

253,

904

36,2

33

3,25

8

3,34

5

-

Bui

ldin

gs a

nd F

ixed

Equ

ipm

ent

91,6

48,7

21

18

2,12

4,41

5

17

5,60

5,66

1

26

3,87

6,39

1

21

9,45

2,95

6

10

4,48

8,58

5

87

,526

,832

53,7

66,8

08

66

,352

,271

34,3

45,3

89

Fur

nitu

re, F

ixtu

res,

and

Equ

ipm

ent

13,0

64,1

66

7,

344,

065

16

,421

,869

24,9

10,4

21

18

,793

,452

22,3

70,3

93

19

,340

,042

15,4

24,7

12

16

,381

,199

13,1

62,0

04

Mot

or V

ehic

les

7,68

1,59

8

10,9

85,2

25

21

,696

,709

-

13

,308

,211

13,3

03,9

86

-

-

11

,241

,346

6,74

0,88

8

L

and

21,9

23,8

86

17

,868

,358

15,4

16,9

20

3,

075,

828

8,

840,

928

35

,897

,053

19,5

67,8

09

3,

036,

694

1,

799,

755

4,

280,

951

Im

prov

emen

ts O

ther

Tha

n B

uild

ings

256,

953

3,09

4,01

4

3,34

1,49

2

448,

140

279,

042

473,

378

414,

560

81,2

97

152,

601

1,57

8,83

0

R

emod

elin

g an

d R

enov

atio

ns34

,335

,218

56,3

95,8

06

13

8,75

9,92

0

12

6,42

2,37

0

14

4,46

6,15

4

14

1,03

0,26

9

12

4,74

8,96

6

18

4,85

4,82

5

12

3,12

5,76

4

11

5,66

6,84

8

Com

pute

r Sof

twar

e23

3,95

5

19

9,93

1

1,

356,

437

32

6,38

7

68

0,35

2

45

7,24

8

73

0,69

1

1,

060,

352

64

2,67

9

1,

539

Tota

l Exp

endi

ture

s17

0,06

6,64

7

27

8,58

3,81

5

37

3,85

9,68

2

42

0,21

7,93

3

40

7,09

5,44

9

31

9,55

8,04

1

25

3,11

5,50

8

25

8,57

9,23

8

22

0,13

6,30

8

17

6,23

9,52

4

Exc

ess

(Def

icie

ncy)

of R

even

ues

Ove

r Exp

endi

ture

s11

9,22

6,95

4

74

,105

,930

62,0

16,9

88

11

0,46

8,54

0

27

,863

,255

52,7

70,0

36

10

2,97

0,85

7

79

,434

,327

119,

151,

702

174,

322,

481

Oth

er F

inan

cing

Sou

rces

(Use

s)(7

0,50

0,39

2)

1,

401,

344

72

,404

,340

161,

229,

323

(122

,452

,924

)

85,7

55,9

64

(1

19,3

40,4

26)

(1

07,8

42,2

53)

(1

21,5

16,8

02)

(1

16,1

82,2

42)

Exc

ess

(Def

icie

ncy)

of R

even

ues

and

Oth

er S

ourc

es O

ver

Exp

endi

ture

s an

d O

ther

Use

s48

,726

,562

75,5

07,2

74

13

4,42

1,32

8

27

1,69

7,86

3

(9

4,58

9,66

9)

13

8,52

6,00

0

(1

6,36

9,56

9)

(2

8,40

7,92

6)

(2

,365

,100

)

58

,140

,239

Beg

inni

ng F

und

Bal

ance

s42

1,67

4,92

9

47

0,40

1,49

1

54

5,90

8,76

5

68

0,33

0,09

3

95

2,02

7,95

6

85

7,43

8,28

7

99

5,96

4,28

7

97

9,59

4,71

8

95

1,18

6,79

2

94

8,82

1,69

2

End

ing

Fund

Bal

ance

s47

0,40

1,49

1$

54

5,90

8,76

5$

68

0,33

0,09

3$

95

2,02

7,95

6$

85

7,43

8,28

7$

99

5,96

4,28

7$

97

9,59

4,71

8$

95

1,18

6,79

2$

94

8,82

1,69

2$

1,

006,

961,

931

$

Sou

rce:

Dis

trict

Rec

ords

Fisc

al Y

ear E

nded

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSSU

MM

ARY

OF

REV

ENU

ES, E

XPEN

DIT

UR

ES (b

y M

ajor

Obj

ect)

AND

CH

ANG

ES IN

FU

ND

BAL

ANC

ES -

CAP

ITAL

PR

OJE

CTS

FU

ND

SLA

ST T

EN F

ISC

AL Y

EAR

S(M

odifi

ed A

ccru

al B

asis

of A

ccou

ntin

g)

101

Fiscal Sales TotalYear General Capital Tax

Ended Purposes Projects

June 30, 2013 580,088,306$ 124,764,970$ 181,301,579$ 886,154,855$ June 30, 2012 585,882,336 124,825,912 170,826,444 881,534,692 June 30, 2011 548,160,633 128,640,288 163,594,345 840,395,266 June 30, 2010 604,099,356 146,881,582 150,843,957 901,824,895 June 30, 2009 614,940,923 163,245,739 154,176,277 932,362,939 June 30, 2008 586,022,104 156,337,901 166,190,269 908,550,274 June 30, 2007 504,809,925 133,536,235 170,597,436 808,943,596June 30, 2006 457,236,471 109,572,157 166,421,563 733,230,191June 30, 2005 393,320,736 97,670,301 149,353,778 640,344,815 June 30, 2004 381,958,319 89,693,870 138,701,456 610,353,645


Property Tax

ORANGE COUNTY PUBLIC SCHOOLSGENERAL GOVERNMENTAL TAX REVENUES BY SOURCE

LAST TEN FISCAL YEARS(Modified Accrual Basis of Accounting)

102

Net

Tota

lR

atio

of N

etTa

xabl

eD

irect

Estim

ated

Seco

ndar

y A

sses

sed

Fisc

alA

sses

sed

Estim

ated

Ass

esse

d Es

timat

edEx

empt

ions

Ass

esse

dTa

xA

ctua

lto

Est

imat

edYe

arVa

lue

Act

ual V

alue

Valu

eA

ctua

l Val

ueVa

lue

Rat

eVa

lue

Act

ual V

alue

2012

-13

$77,

935,

746

$98,

794,

300

$8,0

33,8

64$1

2,08

4,04

9$2

4,50

4,92

586

,371

,425

$

8.47

8$1

10,8

76,3

5077

.90

2011

-12

78,0

46,6

87

99

,061

,678

7,99

1,12

9

11,8

87,0

68

24

,904

,930

86,0

37,8

17

8.

545

110,

942,

747

77

.55

2010

-11

80,3

62,9

15

10

2,12

4,45

1

8,10

5,12

1

11,7

37,2

87

25

,393

,702

88,4

68,0

36

7.

923

113,

861,

738

77

.70

2009

-10

92,7

92,2

24

11

8,89

2,74

9

8,72

0,48

1

11,6

23,4

61

29

,003

,506

101,

512,

705

7.

673

130,

516,

211

77

.78

2008

-09

104,

149,

526

13

8,20

5,67

4

8,73

5,74

2

11,5

85,1

36

36

,905

,542

112,

885,

268

7.

150

149,

790,

810

75

.36

2007

-08

99,6

01,8

10

13

7,46

0,87

2

8,29

4,46

5

11,0

08,4

93

40

,573

,090

107,

896,

275

7.

121

148,

469,

365

72

.67

2006

-07

84,1

19,9

90

11

6,87

2,39

6

7,80

4,65

3

10,5

37,3

83

35

,485

,136

91,9

24,6

437.

169

127,

409,

779

72.1

520

05-0

667

,795

,186

91,6

70,2

83

7,

366,

685

10

,081

,678

26,5

90,0

90

75

,161

,871

7.76

110

1,75

1,96

173

.87

2004

-05

60,1

34,6

54

78

,859

,496

7,38

5,47

2

10,0

09,5

39

21

,348

,909

67,5

20,1

26

7.

540

88,8

69,0

35

75

.98

2003

-04

55,2

83,2

51

72

,923

,542

7,19

3,43

0

9,61

9,43

7

20

,066

,298

62,4

76,6

81

7.

888

82,5

42,9

79

75

.69

Not

e:N

et T

axab

le A

sses

sed

Val

ues

are

net T

axab

le V

alue

s af

ter d

educ

ting

allo

wab

le s

tatu

tory

exe

mpt

ions

.

Sou

rce:

Ora

nge

Cou

nty

Pro

perty

App

rais

er

Rea

l Pro

pert

yPe

rson

al P

rope

rty

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSAS

SESS

ED A

ND

EST

IMAT

ED A

CTU

AL V

ALU

E O

F TA

XAB

LE P

RO

PER

TYLA

ST T

EN F

ISC

AL Y

EAR

S(a

mou

nts

expr

esse

d in

thou

sand

s)

103

2003

-04

2004

-05

2005

-06

2006

-07

2007

-08

2008

-09

2009

-10

2010

-11

2011

-12

2012

-13

Dis

trict

Sch

ool B

oard

: L

ocal

Req

uire

d E

ffort

5.74

205.

3970

5.50

104.

9540

4.94

204.

9930

5.42

505.

4250

5.29

705.

2300

Dis

cret

iona

ry L

ocal

0.51

000.

5100

0.51

000.

5100

0.51

000.

4980

0.74

800.

7480

0.74

800.

7480

Sup

plem

enta

l Dis

cret

iona

ry0.

1360

0.13

300.

2500

0.20

500.

1690

0.15

900.

0000

0.00

000.

0000

0.00

00 A

ddito

nal V

oted

Mill

age

0.00

000.

0000

0.00

000.

0000

0.00

000.

0000

0.00

000.

0000

1.00

001.

0000

Loc

al C

apita

l Im

prov

emen

t1.

5000

1.50

001.

5000

1.50

001.

5000

1.50

001.

5000

1.75

001.

5000

1.50

00

Tota

l Dis

trict

Sch

ool B

oard

7.88

807.

5400

7.76

107.

1690

7.12

107.

1500

7.67

307.

9230

8.54

508.

4780

Oth

er C

ount

y-W

ide:

Boa

rd o

f Cou

nty

Com

mis

sion

ers

5.16

395.

1639

5.16

395.

1639

4.43

474.

4347

4.43

474.

4347

4.43

474.

4347

Tota

l Cou

nty-

Wid

e13

.051

912

.703

912

.924

912

.332

911

.555

711

.584

712

.107

712

.357

712

.979

712

.912

7

Uni

ncor

pora

ted

Are

a: F

ire P

rote

ctio

n Fu

nd2.

5862

2.58

622.

5862

2.58

622.

2437

2.24

372.

2437

2.24

372.

2437

2.24

37 S

peci

al T

ax E

qual

izat

ion

Dis

trict

2.12

342.

1234

2.12

342.

1234

1.80

431.

8043

1.80

431.

8043

1.80

431.

8043

Mun

icip

aliti

es:

Apo

pka

3.76

193.

7619

3.76

193.

7619

3.17

383.

5168

3.51

663.

5166

3.51

643.

5161

Bay

Lak

e0.

5410

1.19

551.

2000

1.13

161.

0693

1.14

671.

1819

1.18

191.

1394

1.09

00 B

elle

Isle

3.16

553.

6655

3.66

553.

6655

3.40

683.

7432

4.40

184.

4018

4.40

184.

4018

Eat

onvi

lle6.

9040

6.90

406.

9040

6.90

406.

9040

6.90

406.

9040

6.90

406.

9040

7.29

38 E

dgew

ood

4.70

004.

7000

4.70

004.

7000

4.70

003.

9500

3.95

003.

9500

4.70

004.

7000

Lak

e B

uena

Vis

ta0.

6798

1.25

001.

3000

1.05

000.

9328

1.05

451.

1688

1.16

881.

1986

1.29

24 M

aitla

nd3.

8000

4.30

004.

3000

4.30

004.

1900

4.28

504.

3800

4.38

004.

3800

4.32

00 O

akla

nd4.

9245

4.92

454.

9245

4.92

454.

9245

6.88

836.

7500

6.75

006.

7500

6.75

00 O

coee

4.57

894.

5789

4.80

184.

6295

4.29

195.

4974

5.55

745.

5574

5.84

605.

8460

Orla

ndo

5.69

165.

6916

5.69

165.

6916

4.93

075.

6500

5.65

005.

6500

5.65

005.

6500

Win

derm

ere

2.90

002.

9000

3.95

003.

9500

3.17

393.

2280

3.22

803.

2280

3.78

963.

7896

Win

ter G

arde

n4.

3040

4.30

404.

3040

4.30

403.

3866

3.75

004.

2500

4.25

004.

2500

4.25

00 W

inte

r Par

k4.

1340

5.09

005.

0900

5.09

004.

3073

4.39

804.

4336

4.43

364.

4166

4.41

83

Sou

rce:

Ora

nge

Cou

nty

Tax

Col

lect

or

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSPR

OPE

RTY

TAX

RAT

ESD

IREC

T AN

D O

VER

LAPP

ING

GO

VER

NM

ENTS

LAST

TEN

FIS

CAL

YEA

RS

(per

$1,

000

Asse

ssed

Val

uatio

n)

104

Fiscal Year2013

TaxableTaxpayer Type of Business Assessed Value

Walt Disney Company Tourism 6,470,000,000$ 7.96%Universal Studios Tourism 1,430,000,000 1.76%Marriott Resorts Tourism 1,050,000,000 1.29%Hilton Corp G/B/H Four Star Tourism 861,000,000 1.06%Vistano & SVO Resorts Tourism 682,500,000 0.84%Orange Lake CC Tourism 619,000,000 0.76%Progress Energy Electric Utility 545,700,000 0.67%Wyndham Resorts Tourism 469,800,000 0.58%Westgate Resorts Tourism 460,100,000 0.57%Rosen Hotels/RH Resorts Tourism 452,500,000 0.56%

Total taxable assessed value of 10 largest taxpayers 13,040,600,000$ 16.05%

Total taxable assessed value of all other taxpayers 68,209,739,793$ 83.95%

Total taxable assessed value of all taxpayers 81,250,339,793$ 100.00%

Source: Orange County Property Appraiser

Total TaxableAssessed Value

ORANGE COUNTY PUBLIC SCHOOLSPRINCIPAL TAXPAYERS

2013 Fiscal Year

Percentage of

105

Fiscal Year2004

TaxableTaxpayer Type of Business Assessed Value

Walt Disney World Tourism 5,141,394,613$ 7.63%Universal Studios Tourism 1,501,103,743 2.23%Bellsouth Telecommunication Communications 420,647,282 0.62%Marriot Corporation Tourism 402,460,231 0.60%Sprint Communications 327,041,557 0.49%Progress Energy Electric Utility 322,455,783 0.48%Sea World of Florida, Inc. Tourism 262,390,518 0.39%Agere (formerly Lucent Technologies/Cirent) Technology 252,119,538 0.37%Lockheed Martin Defense Contractor 249,278,753 0.37%Bright House/TWC Cable 122,091,911 0.18%

Total taxable assessed value of 10 largest taxpayers 9,000,983,929$ 13.36%

Total taxable assessed value of all other taxpayers 58,389,298,017$ 86.64%

Percentage ofTotal Taxable

Assessed Value

ORANGE COUNTY PUBLIC SCHOOLSPRINCIPAL TAXPAYERS

2004 Fiscal Year

106

Fiscal Total Current Tax Percent Delinquent Total PercentYear Tax Levy Collections (1) of Levy Collections (1) Collections (1) of Levy

2012-13 732,256,944$ 646,409,888$ 88.28 58,443,388$ 704,853,276$ 96.262011-12 737,876,903 670,907,937 90.92 39,800,311 710,708,248 96.322010-11 702,663,764 609,015,408 86.67 67,785,514 676,800,922 96.322009-10 781,846,872 657,761,630 84.13 93,219,308 750,980,938 96.052008-09 809,584,595 705,075,396 87.09 73,111,266 778,186,662 96.122007-08 767,132,997 675,265,244 88.02 67,094,761 742,360,005 96.772006-07 662,183,349 591,372,887 89.31 46,973,273 638,346,160 96.402005-06 583,331,280 519,493,992 89.06 47,314,636 566,808,628 97.172004-05 509,101,753 468,721,154 92.07 22,269,883 490,991,037 96.442003-04 492,816,057 447,913,568 90.89 23,738,621 471,652,189 95.71

Note: Property Taxes become due and payable on November 1st of each year. A four percent(4%) discount is allowed if taxes are paid in November, with the discounts declining byone percent (1%) each month thereafter. Accordingly, taxes collected will never be 100%of the tax levy. Taxes become delinquent on April 1st of each year and tax certificates for the full amount of any unpaid taxes and assessments must be sold not later than June1st of each year. Accordingly, the majority of taxes are collected in the fiscal year levied.

(1) Net of allowable discounts


Collected to Endof Tax Year

ORANGE COUNTY PUBLIC SCHOOLSPROPERTY TAX LEVIES AND COLLECTIONS

Collected to June 30thEnd of Tax Fiscal Year

107

State Board Certificates Total PercentageFiscal of Education Of Capital Primary of Personal PerYear Bonds Participation Leases Government Income (B) Capita (B)

2012-13 $20,320,000 $1,338,804,434 $16,389,826 $1,375,514,260 #DIV/0! #DIV/0!2011-12 24,115,000 1,358,421,364 24,620,460 1,407,156,824 4.35% 1,189 2010-11 29,735,000 1,403,357,117 35,180,515 1,468,272,632 4.02% 1,350 2009-10 31,500,000 1,464,782,154 45,334,991 1,541,617,145 3.83% 1,389 2008-09 35,000,000 1,481,725,524 56,422,358 1,573,147,882 4.18% 1,444 2007-08 38,155,000 1,326,317,514 53,275,910 1,417,748,424 3.64% 1,264 2006-07 41,235,000 1,455,271,255 63,574,809 1,560,081,064 4.39% 1,417 2005-06 46,010,000 1,181,524,727 67,267,557 1,294,802,284 3.67% 1,207 2004-05 48,870,000 1,057,736,332 51,746,374 1,158,352,706 3.57% 1,110 2003-04 51,580,000 792,647,937 47,410,788 891,638,725 2.99% 879

Note: The primary government does not have any business-type activities or general obligation outstanding debt.

Source:(A) District Records(B) Total Primary Government Debt divided by Personal Income and Population.

Governmental Activities (A)

LAST TEN FISCAL YEARSRATIOS OF OUTSTANDING DEBT BY TYPE


108

Gen

eral

Stat

e B

oard

Cap

ital

Obl

igat

ion

Of E

duca

tion

Cer

tific

ate

Leas

es,

Perc

enta

geA

mou

ntB

onde

d(S

BE)

Bon

ded

Rev

enue

Of

Loan

s an

dTo

tal

App

licab

le to

App

licab

le to

Perc

enta

geA

mou

nt

Deb

tD

ebt

Cer

tific

ate

Part

icip

atio

nN

otes

Deb

tO

rang

e C

ount

yO

rang

e C

ount

yA

pplic

able

toA

pplic

able

toJu

risdi

ctio

nO

utst

andi

ngO

utst

andi

ngO

utst

andi

ngO

utst

andi

ngO

utst

andi

ngO

utst

andi

ngPu

blic

Sch

ools

Publ

ic S

choo

lsO

rang

e C

ount

yO

rang

e C

ount

y

Ora

nge

Cou

nty

Boa

rd o

f C

ount

y C

omm

issi

oner

s-

$

-

$

36

5,94

0,75

9$

-

$

14

,361

,892

$

38

0,30

2,65

1$

0%

-$

100%

380,

302,

651

$

Ree

dy C

reek

Im

prov

emen

t Dis

trict

179,

475,

000

-

-

-

-

179,

475,

000

0%-

10

0%17

9,47

5,00

0

City

of W

inte

r Par

k7,

760,

000

-

-

-

-

7,76

0,00

0

0%

-

100%

7,76

0,00

0

Ora

nge

Cou

nty

Pub

lic S

choo

ls-

20

,320

,000

-

1,

338,

804,

434

16

,389

,826

1,

375,

514,

260

10

0%1,

375,

514,

260

10

0%1,

375,

514,

260

Tota

l18

7,23

5,00

0$

20

,320

,000

$

36

5,94

0,75

9$

1,

338,

804,

434

$30

,751

,718

$

1,

943,

051,

911

$1,

375,

514,

260

$1,

943,

051,

911

$

Sou

rce:

Ora

nge

Cou

nty

Com

preh

ensi

ve A

nnua

l Fin

anci

al R

epor

t for

the

year

end

ed S

epte

mbe

r 30,

201

2.

D

istri

ct R

ecor

ds

Dire

ct a

nd O

verla

ppin

g D

ebt

OR

AN

GE

CO

UN

TY P

UB

LIC

SC

HO

OLS

CO

MPU

TATI

ON

OF

DIR

ECT

AN

D O

VER

LAPP

ING

BO

ND

ED D

EBT

Sept

embe

r 30,

201

2

Dire

ct D

ebt

109

Taxable Total Amount Held NetFiscal Tax Assessed Annual Lease In Escrow For Annual LeaseYear Year Value (A) Payment Payment (C) Payment

2012-13 2012 86,371,425$ 86,839,968$ -$ 86,839,968$ 1.058 Mills2011-12 2011 86,037,817 107,350,668 - 107,350,668 1.313 Mills2010-11 2010 88,468,036 107,749,947 - 107,749,947 1.282 Mills2009-10 2009 112,885,268 101,179,012 9,317,645 91,861,367 0.857 Mills2008-09 2008 107,896,275 95,958,351 9,317,644 86,640,707 0.845 Mills2007-08 2007 91,924,643 99,290,149 9,317,644 89,972,505 1.030 Mills2006-07 2006 92,367,603 80,277,022 9,317,644 70,959,378 0.809 Mills2005-06 2005 75,161,871 72,368,180 8,204,703 64,163,477 0.899 Mills2004-05 2004 67,520,126 57,846,259 - 57,846,259 0.902 Mills2003-04 2003 58,636,947 73,050,092 - 73,050,092 1.311 Mills

(A) Assessed Value is in Thousands.

(B) Millage rate calculated using 95% of the taxable assessed valuation.

(C) The funds for these payments of the 2005A and 2005B refunding COPs are held in escrow and therefore are not funded with tax receipts.

Note: Capital lease arrangements financed by Certificates of Participation are notconsidered general obligation debt as no specific property tax levy has beenpledged.



Millage Levyto Provide

1.00x Coverage (B)

LAST TEN FISCAL YEARSREQUIRED TO COVER CERTIFICATES OF PARTICIPATION PAYMENTS

ANTICIPATED CAPITAL OUTLAY MILLAGE LEVY

110

Gov

ernm

ent-w

ide

Per C

apita

Gov

ernm

enta

lFi

scal

Pers

onal

Pers

onal

Med

ian

Une

mpl

oym

ent

Less

than

Scho

olA

ctiv

ities

Cos

t per

Yea r

Popu

latio

n (A

)In

com

e (B

)In

com

eA

ge (A

)R

ate

(C)

Hig

h Sc

hool

Hig

h Sc

hool

Bac

helo

rsG

radu

ate

Enro

llmen

t (E)

Expe

nses

Stud

ent

2012

-13

1,18

9,72

2

53,7

04,0

51$

45

,140

$

34

.00

6.9%

96,1

5320

6,56

016

9,91

684

,171

182,

460.

71

1,

676,

294,

749

$

9,

187

$

20

11-1

21,

183,

903

32

,359

,621

27,3

33

33.8

08.

7%91

,270

217,

865

162,

187

74,3

0817

8,87

1.15

1,64

0,08

6,79

7

9,16

9

2010

-11

1,08

7,97

1

36,5

31,4

13

33

,578

35

.90

10.4

%88

,914

199,

879

148,

664

71,1

3117

9,04

0.00

1,64

4,95

9,40

0

9,18

8

2009

-10

1,10

9,55

9

40,2

25,3

67

36

,253

36

.50

11.5

%96

,858

202,

389

148,

900

75,1

7317

1,82

0.11

1,62

1,38

6,03

1

9,43

7

2008

-09

1,08

9,12

0

37,6

29,0

92

34

,550

36

.50

10.9

%12

8,25

518

3,48

713

2,97

156

,542

170,

121.

00

1,

588,

984,

968

9,

340

20

07-0

81,

121,

940

38

,917

,854

34,6

88

39.5

06.

0%71

,628

188,

736

152,

413

68,8

0217

1,48

8.75

1,69

3,22

1,24

6

9,87

4

2006

-07

1,10

1,04

0

35,5

00,0

00

32

,242

34

.70

3.5%

86,6

5919

7,94

512

9,31

963

,179

172,

795.

00

1,

634,

444,

744

9,

459

20

05-0

61,

072,

790

35

,321

,000

32,9

24

34.3

03.

1%71

,628

373,

554

152,

413

68,8

0217

3,73

3.00

1,49

4,05

2,09

0

8,60

0

2004

-05

1,04

3,44

0

32,4

60,0

00

31

,109

34

.30

3.9%

116,

038

353,

185

115,

403

50,0

9317

1,23

9.30

1,31

7,90

8,75

4

7,69

6

2003

-04

1,01

3,94

0

29,7

90,0

00

29

,380

34

.00

4.8%

n/a

n/a

n/a

n/a

164,

344.

17

1,

230,

371,

515

7,

487

Sou

rces

:

(A)

Pop

ulat

ion

and

Med

ian

Age

was

obt

aine

d fro

m E

cono

mic

Dev

elop

men

t Com

mis

sion

of M

id-F

lorid

a, In

c.

(B)

Per

sona

l Inc

ome

was

obt

aine

d fro

m E

cono

mic

Dev

elop

men

t Com

mis

sion

of M

id-F

lorid

a, In

c. a

nd is

inth

ousa

nds.

(C)

Une

mpl

oym

ent R

ates

was

obt

aine

d fro

m E

cono

mic

Dev

elop

men

t Com

mis

sion

of M

id-F

lorid

a, In

c.us

ing

the

sour

ce o

f Bur

eau

of L

abor

Sta

tistic

s.

(D)

Edu

catio

n Le

vel w

as o

btai

ned

from

Eco

nom

ic D

evel

opm

ent C

omm

issi

on o

f Mid

-Flo

rida,

Inc.

Info

rmat

ion

prio

r to

fisca

l yea

r 200

4-05

was

not

ava

ilabl

e.

(E)

Stu

dent

Enr

ollm

ent w

as o

btai

ned

from

Dis

trict

Rec

ords

.

Educ

atio

n Le

vel (

D)

OR

AN

GE

CO

UN

TY P

UB

LIC

SC

HO

OLS

DEM

OG

RA

PHIC

AN

D E

CO

NO

MIC

STA

TIST

ICS

LAST

TEN

FIS

CA

L YE

AR

S

111

Perc

enta

ge

Perc

enta

ge

Perc

enta

ge

Perc

enta

ge

Perc

enta

ge

of T

otal

MSA

of T

otal

MSA

of T

otal

MSA

of T

otal

MSA

of T

otal

MSA

Empl

oyer

Empl

oyee

sR

ank

Empl

oym

ent

Empl

oyee

sR

ank

Empl

oym

ent

Empl

oyee

sR

ank

Empl

oym

ent

Empl

oyee

sR

ank

Empl

oym

ent

Empl

oyee

sR

ank

Empl

oym

ent

Wal

t Dis

ney

Wor

ld58

,000

15.

195%

58,0

00

15.

195%

62,2

00

15.

530%

62,0

00

15.

544%

62,0

00

15.

533%

Ora

nge

Cou

nty

Pub

lic S

choo

ls21

,349

21.

912%

21,3

49

21.

912%

21,3

49

21.

898%

24,0

63

22.

152%

24,0

63

22.

147%

Pub

lix S

uper

Mar

kets

, Inc

.17

,521

31.

569%

17,5

21

31.

569%

17,5

21

41.

558%

15,6

06

41.

395%

15,6

06

41.

393%

Flor

ida

Hos

pita

l16

,700

41.

496%

16,7

00

41.

496%

21,4

83

31.

910%

16,0

00

31.

431%

16,0

02

31.

428%

Orla

ndo

Hea

lth14

,000

51.

254%

14,0

00

51.

254%

14,0

00

51.

245%

10,0

00

60.

894%

10,0

00

60.

892%

Uni

vers

al S

tudi

o - F

lorid

a13

,000

61.

164%

13,0

00

61.

164%

14,3

00

61.

271%

13,0

00

51.

162%

13,0

00

51.

160%

Lock

heed

Mar

tin13

,000

71.

164%

13,0

00

71.

164%

13,0

00

71.

156%

7,20

0

100.

643%

Uni

vers

ity o

f Cen

tral F

lorid

a9,

500

8

0.85

1%9,

500

8

0.85

1%9,

500

8

0.84

5%8,

946

7

0.80

0%8,

946

8

0.79

8%S

emin

ole

Cou

nty

Pub

lic S

choo

ls7,

983

9

0.71

5%7,

983

9

0.71

5%7,

983

9

0.71

0%8,

845

8

0.79

1%9,

145

7

0.81

6%O

rang

e C

ount

y G

over

nmen

t7,

818

10

0.70

0%7,

818

10

0.70

0%7,

818

10

0.69

5%7,

426

10

0.66

4%7,

426

9

0.66

3%B

ush

Ent

erta

inm

ent C

orpo

ratio

n7,

800

9

0.69

7%C

entra

l Flo

rida

Inve

stm

ents

Dar

den

Res

taur

ants

, Inc

.

178,

871

16.0

21%

178,

871

16.0

21%

189,

154

16.8

17%

173,

686

15.5

31%

173,

388

15.4

73%

Perc

enta

ge

Perc

enta

ge

Perc

enta

ge

Perc

enta

ge

Perc

enta

ge

of T

otal

MSA

of T

otal

MSA

of T

otal

MSA

of T

otal

MSA

of T

otal

MSA

Em

ploy

erEm

ploy

ees

Ran

kEm

ploy

men

tEm

ploy

ees

Ran

kEm

ploy

men

tEm

ploy

ees

Ran

kEm

ploy

men

tEm

ploy

ees

Ran

kEm

ploy

men

tEm

ploy

ees

Ran

kEm

ploy

men

tW

alt D

isne

y W

orld

59,5

00

1

5.50

2%56

,800

1

5.28

6%53

,800

1

5.80

8%53

,500

1

5.77

6%53

,000

1

6.13

4%O

rang

e C

ount

y P

ublic

Sch

ools

24,0

63

2

2.22

5%24

,063

2

2.23

9%22

,000

2

2.37

5%22

,807

2

2.46

2%25

,000

2

2.89

3%Fl

orid

a H

ospi

tal

15,6

06

4

1.44

3%19

,220

3

1.78

9%19

,270

3

2.08

0%14

,226

3

1.53

6%12

,808

3

1.48

2%W

alm

art

16,0

02

3

1.48

0%13

,139

4

1.41

9%11

,600

7

1.34

2%U

nive

rsal

Stu

dio

- Flo

rida

10,0

00

6

0.92

5%12

,500

4

1.16

3%12

,500

4

1.35

0%12

,000

6

1.29

6%12

,000

5

1.38

9%O

rland

o R

egio

nal H

ealth

Car

e13

,000

51.

202%

11,0

93

51.

032%

11,0

93

51.

198%

12,7

54

51.

377%

12,0

00

61.

389%

Fede

ral G

over

nmen

t/US

Pos

tal S

ervi

ce7,

200

10

0.66

6%9,

145

6

0.98

7%10

,800

7

1.16

6%P

ublix

Sup

er M

arke

ts, I

nc.

8,94

6

80.

827%

9,14

5

60.

851%

8,25

0

70.

891%

9,92

7

81.

072%

12,6

00

41.

458%

Sem

inol

e C

ount

y P

ublic

Sch

ools

9,14

5

70.

846%

8,94

6

70.

833%

8,49

0

90.

917%

8,82

4

91.

021%

Uni

vers

ity o

f Cen

tral F

lorid

a7,

426

9

0.68

7%7,

426

9

0.69

1%7,

426

9

0.80

2%8,

000

10

0.86

4%O

rang

e C

ount

y G

over

nmen

t10

,356

8

1.19

8%W

inn

Dix

ie S

uper

Mar

kets

8,30

0

80.

772%

7,50

0

80.

810%

8,02

5

100.

929%

McD

onal

d R

estu

rant

, Inc

.7,

361

10

0.68

5%7,

361

10

0.79

5%

170,

888

15.8

04%

164,

854

15.3

41%

158,

345

17.0

95%

165,

643

17.8

83%

166,

213

19.2

36%

Orla

ndo

Met

ropo

litan

Sta

tistic

al A

rea

incl

udes

Lak

e, O

rang

e, O

sceo

la, a

nd S

emin

ole

Cou

ntie

s.

Sou

rce:

Eco

nom

ic D

evel

opm

ent C

omm

issi

on o

f Mid

-Flo

rida,

Inc.

2005

-06

2004

-05

2003

-04

2007

-08

2006

-07

2012

-13

2011

-12

OR

AN

GE

CO

UN

TY P

UB

LIC

SC

HO

OLS

PRIN

CIP

AL

EMPL

OYE

RS

OR

LAN

DO

MET

RO

POLI

TAN

STA

TIST

ICA

L A

REA

(MSA

)LA

ST T

EN F

ISC

AL

YEA

RS Fi

scal

Yea

r

Fisc

al Y

ear

2010

-11

2009

-10

2008

-09

112

Plac

ed In

Squa

re20

12-1

3Pe

rcen

t of

Serv

ice

(1)

Foot

age

(2)

Port

able

sC

apac

ity (2

)20

03-0

420

04-0

520

05-0

620

06-0

720

07-0

820

08-0

920

09-1

020

10-1

120

11-1

220

12-1

3C

apac

ityEl

emen

tary

Sch

ools

Alo

ma

ES

1968

88,0

02

17

88

8

540.

1755

5.20

542.

6747

0.78

475.

4747

1.33

478.

7650

0.59

458.

4649

1.64

55.3

6%A

ndov

er E

S20

0596

,450

-

82

8

448.

1750

4.23

575.

7356

3.08

543.

5160

8.55

650.

4871

7.11

86.6

1%A

popk

a E

S19

6881

,806

33

992

70

9.37

746.

7784

5.29

449.

9150

7.58

577.

3764

6.35

659.

4170

7.39

707.

9871

.37%

Arb

or R

idge

Sch

ool (

3)19

9013

2,34

2

73

1,21

0

95

4.08

911.

9488

8.34

823.

6480

7.50

746.

7973

1.35

708.

5174

4.17

750.

2262

.00%

Aud

ubon

Par

k E

S19

5477

,452

11

626

53

7.60

517.

4458

7.75

593.

1269

7.53

850.

7293

8.13

1,06

0.62

1,12

7.36

1,15

3.79

184.

31%

Ava

lon

ES

2001

107,

069

55

1,

006

939.

151,

237.

151,

459.

4280

7.90

819.

6374

8.34

783.

5982

1.60

879.

5092

6.26

92.0

7%A

zale

a P

ark

ES

1956

94,9

35

30

70

8

822.

5693

5.40

968.

5697

3.27

910.

1393

1.53

915.

6591

3.88

630.

6061

7.90

87.2

7%B

ay M

eado

ws

ES

1991

92,3

40

24

84

8

1,06

3.19

1,09

4.90

1,00

9.62

517.

3551

1.60

532.

7452

3.40

564.

7458

4.87

550.

0064

.86%

Bla

nkne

r Sch

ool (

3)19

5614

6,43

9

6

1,

249

948.

9794

9.03

926.

1086

4.12

909.

9094

6.67

988.

5098

6.24

993.

8198

4.42

78.8

2%B

onne

ville

ES

1960

117,

012

18

93

8

854.

7885

8.59

631.

1057

8.61

543.

3655

2.78

524.

5853

7.27

529.

4350

2.02

53.5

2%B

rook

shire

ES

1960

86,8

15

29

85

6

537.

5456

4.33

576.

2953

6.47

512.

0448

6.42

495.

5649

1.25

521.

9951

4.62

60.1

2%C

amel

ot E

S20

0196

,137

45

790

1,

054.

121,

217.

451,

309.

0170

6.10

733.

8566

8.73

636.

0557

9.09

549.

0056

1.15

71.0

3%C

astle

Cre

ek E

S20

0610

0,85

0

-

82

8

608.

5167

3.31

703.

6073

8.53

765.

1276

2.36

774.

0593

.48%

Cat

alin

a E

S19

5953

,987

34

489

62

7.22

595.

4061

8.41

679.

0069

4.85

605.

7357

0.85

551.

6259

1.63

642.

4613

1.38

%C

hene

y E

S19

5990

,681

19

754

70

8.52

637.

6266

3.40

644.

4661

8.35

544.

2751

7.25

476.

9555

5.27

562.

2474

.57%

Chi

ckas

aw E

S19

6010

3,77

0

26

942

64

4.82

730.

0775

6.86

795.

8476

8.49

748.

4274

6.12

784.

0576

6.24

744.

0778

.99%

Citr

us E

S20

0010

1,95

1

12

902

1,

184.

2986

2.21

881.

1693

3.58

885.

5783

2.72

803.

9076

2.61

772.

0570

7.89

78.4

8%C

larc

ona

ES

1988

110,

435

20

1,

146

674.

0173

9.62

903.

7596

0.85

990.

6788

6.24

924.

8396

0.56

936.

0294

6.34

82.5

8%C

lay

Spr

ings

ES

1992

121,

242

49

94

0

723.

1575

1.99

752.

1682

0.86

824.

6481

0.55

815.

8180

6.01

766.

9577

8.76

82.8

5%C

olum

bia

ES

1969

113,

729

35

1,

130

1,02

8.76

1,09

1.78

762.

1078

1.22

1,01

7.63

1,01

6.97

1,04

4.32

1,05

0.62

1,05

8.64

1,08

8.09

96.2

9%C

onw

ay E

S19

5486

,745

24

735

63

8.83

602.

9859

4.04

545.

5656

4.39

541.

5856

3.20

594.

9761

9.82

601.

1081

.78%

Cyp

ress

Par

k E

S19

5952

,081

18

618

34

5.70

381.

6738

6.57

386.

7441

8.78

416.

3638

2.59

381.

4127

7.46

280.

3245

.36%

Cyp

ress

Spr

ings

ES

1996

169,

235

73

1,

786

1,09

4.66

1,20

9.40

863.

4082

1.91

766.

1578

8.29

758.

4974

4.34

733.

7872

7.69

40.7

4%D

eerw

ood

ES

1983

86,1

07

26

81

2

671.

5566

9.36

652.

0165

6.17

624.

7557

6.77

544.

5151

4.88

506.

1349

9.13

61.4

7%D

illard

Stre

et E

S19

5110

9,59

5

8

1,

038

601.

0365

4.37

658.

7267

8.09

724.

5975

5.91

775.

6173

7.37

751.

6274

8.86

72.1

4%D

omm

eric

h E

S19

6499

,139

19

747

73

2.28

721.

3970

3.89

701.

2468

7.68

649.

0861

9.26

630.

6561

1.76

611.

7481

.89%

Dov

er S

hore

s E

S19

6041

,128

17

652

66

7.38

722.

4367

4.56

678.

7862

3.00

594.

6259

3.09

585.

3663

4.18

585.

9089

.86%

Dr.

Phi

llips

ES

1977

71,5

55

23

78

8

665.

8566

5.24

628.

7163

3.31

635.

2461

0.88

605.

4863

1.61

636.

4062

2.03

78.9

4%D

ream

Lak

e E

S19

5410

8,39

1

31

1,17

0

69

9.18

727.

4880

0.74

811.

5980

0.54

782.

7077

7.87

695.

3574

0.56

770.

8865

.89%

Dur

ranc

e E

S19

6072

,499

14

810

45

0.80

469.

8847

6.37

499.

7346

7.20

462.

8145

0.11

413.

3242

6.96

416.

4551

.41%

Eag

le's

Nes

t ES

2003

94,6

92

10

75

8

768.

9171

8.35

645.

2168

9.03

612.

7360

7.65

571.

4760

3.40

642.

6884

.79%

Eas

t Lak

e E

S20

0596

,933

-

79

2

804.

1687

9.94

742.

2169

4.50

670.

0865

4.33

634.

0462

0.25

78.3

1%E

ccle

ston

ES

1956

72,0

28

14

82

0

395.

1646

0.19

510.

9151

0.54

484.

3243

6.05

472.

8445

2.29

415.

1443

1.46

52.6

2%E

ndea

vor E

S20

0110

5,61

8

22

656

1,

124.

3992

9.60

909.

5083

8.69

843.

3976

7.47

760.

5576

5.95

748.

5676

2.81

116.

28%

Eng

lew

ood

ES

1958

84,1

36

29

97

4

608.

9953

1.39

496.

3847

9.16

510.

0552

1.39

537.

6351

9.35

511.

7152

4.21

53.8

2%Fe

rn C

reek

ES

1947

68,4

59

6

594

38

7.79

379.

3440

3.40

397.

6738

9.75

346.

6231

1.72

296.

1031

7.46

341.

5357

.50%

Fors

yth

Woo

ds E

S20

1110

1,96

5

-

85

9

710.

6865

4.20

76.1

6%Fr

angu

s E

S19

9311

3,10

6

56

846

81

0.66

839.

4876

8.59

691.

1160

1.98

614.

7661

0.88

604.

0762

7.99

636.

6875

.26%

Gra

nd A

venu

e E

S19

2656

,085

20

488

36

2.11

348.

1937

2.57

199.

7220

1.80

206.

5321

3.13

194.

8021

4.32

235.

9648

.35%

Hia

was

see

ES

1966

97,4

72

9

794

67

5.95

644.

5569

9.07

695.

4972

2.06

707.

8271

7.03

724.

8272

0.25

733.

7392

.41%

Hid

den

Oak

es E

S19

9212

2,67

5

67

936

62

2.02

778.

7991

9.97

658.

2964

7.38

681.

1561

5.79

556.

7452

0.29

506.

8754

.15%

Hillc

rest

ES

1964

58,6

80

-

460

35

4.39

346.

8636

7.91

357.

8836

9.52

378.

0038

8.40

430.

8744

2.51

465.

5010

1.20

%H

unge

rford

ES

1900

61,4

75

5

594

21

1.08

200.

4725

3.01

212.

6419

5.82

186.

9422

7.55

227.

2925

9.68

266.

0744

.79%

Hun

ters

Cre

ek E

S19

9499

,444

55

808

1,

220.

1073

0.63

697.

5962

4.52

635.

1766

9.72

732.

8274

7.93

799.

5482

1.53

101.

67%

Ivey

Lan

e E

S19

6775

,304

13

658

31

7.68

318.

1735

3.06

322.

7029

5.15

343.

2932

8.41

273.

2231

5.35

316.

3848

.08%

John

You

ng E

S19

9112

2,11

2

71

980

1,

037.

101,

036.

591,

035.

2399

7.09

969.

4886

1.22

812.

5076

4.90

730.

3671

0.51

72.5

0%K

aley

ES

1946

66,7

10

12

47

0

335.

4535

0.75

323.

2029

7.50

265.

1925

7.97

255.

9723

9.41

233.

1719

9.70

42.4

9%K

eene

s C

ross

ing

ES

2009

101,

965

-

859

58

5.44

666.

2472

4.65

799.

8693

.12%

Killa

rney

ES

1950

75,6

06

23

73

6

622.

7156

8.71

575.

8550

9.75

445.

1044

4.51

432.

2945

4.90

428.

1744

6.40

60.6

5%La

ke C

omo

ES

1950

66,5

04

3

528

33

8.83

287.

2930

7.41

306.

4728

0.40

256.

2626

0.39

254.

5425

7.98

255.

3248

.36%

Lake

Gem

ES

1999

124,

452

14

96

4

672.

6670

6.77

725.

2977

4.49

782.

1579

1.49

848.

8388

4.10

853.

5990

3.18

93.6

9%La

ke G

eorg

e E

S19

9911

4,66

7

4

68

9

734.

3470

5.95

665.

2757

7.70

566.

5851

4.17

550.

9456

6.53

586.

9260

5.76

87.9

2%La

ke S

ilver

ES

1952

91,9

30

11

94

2

701.

9458

9.43

570.

5652

5.37

460.

8847

2.93

520.

7962

1.66

643.

7364

8.94

68.8

9%La

ke S

ybel

ia E

S19

6780

,758

21

726

60

4.55

597.

7957

0.50

519.

9153

6.62

560.

0954

2.46

588.

8162

6.16

618.

2585

.16%

Lake

Wes

ton

ES

1958

74,2

33

28

94

4

626.

8859

8.31

618.

3158

6.01

534.

7254

5.18

520.

5653

8.37

513.

7658

1.60

61.6

1%La

ke W

hitn

ey E

S19

9811

1,87

6

28

874

95

9.21

1,17

5.32

949.

7896

6.65

993.

9261

7.51

619.

7661

8.43

618.

6962

1.51

71.1

1%La

kem

ont E

S19

5691

,676

16

856

74

9.43

703.

2768

8.54

694.

5861

0.17

690.

5168

4.02

747.

1572

6.41

712.

2683

.21%

Lake

ville

ES

1999

126,

403

21

91

3

959.

4398

8.12

971.

5792

1.51

901.

9687

9.00

878.

4087

4.15

865.

7588

1.50

96.5

5%La

ncas

ter E

S19

6118

1,15

9

41

2,00

2

83

6.82

854.

1991

7.34

945.

1175

4.45

726.

5275

6.60

740.

2781

5.95

838.

0041

.86%

Law

ton

Chi

les

ES

2000

109,

085

13

97

9

819.

9680

9.17

841.

0680

6.92

743.

3771

5.24

709.

7770

3.34

741.

6671

3.68

72.9

0%Li

ttle

Riv

er E

S19

9221

5,83

8

83

1,67

7

93

8.74

1,04

7.29

1,05

8.83

1,07

0.92

1,00

4.40

896.

6782

5.04

739.

7241

2.29

424.

1525

.29%

Lock

hart

ES

1936

79,0

92

-

654

52

0.22

511.

9550

4.38

573.

1150

5.93

502.

3451

3.24

493.

2548

0.20

496.

6275

.94%

Love

ll E

S19

6075

,339

19

1,02

2

59

2.39

580.

6562

7.59

724.

3173

7.28

705.

5371

4.30

661.

8266

1.69

694.

4967

.95%

Max

ey E

S19

6651

,276

14

560

23

8.73

277.

3228

7.95

273.

4128

4.22

293.

0528

3.56

259.

9627

1.73

265.

1547

.35%

McC

oy E

S19

6510

0,20

9

8

89

6

794.

7275

6.44

866.

1685

5.34

824.

0477

5.65

692.

6366

2.00

637.

4670

0.01

78.1

3%

FTE

Enro

llmen

t Dat

a

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSSC

HO

OL

BU

ILD

ING

INFO

RM

ATIO

N &

FU

LL-T

IME

EQU

IVAL

ENT

ENR

OLL

MEN

T D

ATA

LAST

10

YEAR

S

113

Plac

ed In

Squa

re20

12-1

3Pe

rcen

t of

Serv

ice

(1)

Foot

age

(2)

Port

able

sC

apac

ity (2

)20

03-0

420

04-0

520

05-0

620

06-0

720

07-0

820

08-0

920

09-1

020

10-1

120

11-1

220

12-1

3C

apac

ityFT

E En

rollm

ent D

ata

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSSC

HO

OL

BU

ILD

ING

INFO

RM

ATIO

N &

FU

LL-T

IME

EQU

IVAL

ENT

ENR

OLL

MEN

T D

ATA

LAST

10

YEAR

S

Mea

dow

Woo

ds E

S19

9012

0,78

7

63

918

76

3.11

867.

1391

2.11

794.

4083

1.17

802.

5077

3.42

778.

7355

5.07

573.

3862

.46%

Met

row

est E

S19

8917

0,58

4

63

1,54

3

1,

634.

511,

279.

981,

281.

461,

224.

981,

198.

631,

211.

971,

303.

411,

437.

521,

503.

671,

482.

1996

.06%

Mille

nnia

ES

2006

104,

247

-

1,09

8

58

3.23

705.

1773

5.86

776.

9485

2.19

936.

9485

.33%

Mol

lie E

. Ray

ES

1960

83,2

05

19

97

2

529.

9456

2.64

712.

6165

7.23

554.

1151

0.89

507.

7650

1.52

599.

8658

0.30

59.7

0%M

oss

Par

k E

S20

0710

6,86

3

-

1,

094

839.

7887

8.45

917.

5197

8.78

1,03

7.04

1,13

0.59

103.

34%

Nor

th L

ake

Par

k E

S20

0014

8,21

3

-

93

2

761.

2797

0.09

1,34

2.34

1,09

7.33

738.

0083

4.01

922.

901,

020.

171,

078.

061,

183.

3412

6.97

%O

ak H

ill E

S19

7569

,036

26

480

68

5.30

592.

8652

9.35

503.

9645

3.07

477.

7745

9.13

470.

6647

0.08

490.

0710

2.10

%O

aksh

ire E

S20

0011

1,02

2

56

968

1,

283.

461,

394.

811,

483.

4482

7.22

676.

5570

8.62

707.

2170

8.36

711.

9561

5.69

63.6

0%O

coee

ES

1977

68,6

80

31

72

8

621.

1465

8.80

667.

2270

5.42

735.

9072

4.85

744.

1779

3.09

788.

4981

1.82

111.

51%

Ora

nge

Cen

ter E

S19

6667

,472

24

483

45

2.31

450.

0346

0.46

407.

7237

1.85

323.

5033

4.36

279.

6025

7.56

224.

7246

.53%

Orlo

Vis

ta E

S19

3089

,350

1

78

9

634.

9362

1.14

617.

2261

9.57

606.

7958

4.55

535.

2151

5.25

519.

9756

9.64

72.2

0%P

alm

Lak

e E

S19

8892

,472

54

767

71

9.56

682.

3368

8.93

651.

8157

9.93

577.

5857

9.39

556.

9560

3.94

600.

0078

.23%

Pal

met

to E

S19

7513

6,68

9

16

1,27

1

1,

217.

521,

202.

121,

241.

671,

231.

851,

034.

321,

066.

831,

040.

271,

075.

681,

011.

431,

065.

2383

.81%

Per

shin

g E

S19

6264

,818

15

601

51

8.80

480.

7245

4.70

372.

6033

4.09

351.

2235

7.21

358.

9337

5.82

371.

0661

.74%

Pin

ar E

S19

7580

,771

-

67

3

536.

1054

8.69

520.

4051

4.81

516.

8855

4.44

540.

7250

5.78

471.

4949

5.50

73.6

3%P

ine

Cas

tle E

S19

3558

,883

11

529

50

3.24

517.

2448

0.37

455.

9341

6.35

374.

4834

3.01

223.

2326

3.20

259.

0548

.97%

Pin

e H

ills E

S19

5510

5,30

6

16

984

79

2.43

894.

361,

031.

3491

6.98

898.

7775

1.71

697.

4467

5.62

729.

4870

0.13

71.1

5%P

inel

och

ES

1952

84,3

67

28

1,

026

643.

1155

9.85

574.

7766

8.49

674.

2064

1.86

652.

1767

6.26

706.

4772

8.01

70.9

6%P

inew

ood

ES

1999

124,

525

8

863

75

8.64

737.

1972

8.68

751.

3570

0.20

688.

0661

6.70

610.

0365

7.26

607.

8770

.44%

Prin

ceto

n E

S19

1981

,628

23

523

49

2.07

533.

7849

2.97

514.

8644

8.82

446.

9546

5.88

418.

7042

9.21

437.

1683

.59%

Ric

hmon

d H

eigh

ts E

S19

6468

,403

-

68

7

308.

8232

0.11

355.

7436

2.99

317.

5229

8.18

315.

3531

1.90

285.

0326

5.50

38.6

5%R

idge

woo

d P

ark

ES

1971

101,

675

45

89

6

964.

0768

6.34

719.

1377

5.34

751.

6974

0.40

727.

2475

0.50

727.

1876

1.36

84.9

7%R

iver

dale

ES

1999

115,

052

8

679

80

8.29

838.

0978

3.93

782.

5466

0.69

604.

9962

8.98

617.

9964

3.55

655.

0096

.47%

Riv

ersi

de E

S19

6881

,632

26

918

67

2.59

691.

3565

4.23

604.

7361

1.25

627.

5859

2.62

583.

5762

6.79

582.

3063

.43%

Roc

k La

ke E

S19

5760

,094

8

52

9

291.

7923

8.08

270.

8425

6.41

234.

1826

0.45

249.

2825

0.00

254.

0026

6.00

50.2

8%R

ock

Spr

ings

ES

1989

105,

537

71

83

2

907.

731,

035.

451,

065.

9977

4.92

742.

9276

4.50

741.

4776

3.52

743.

4875

4.23

90.6

5%R

ollin

g H

ills E

S19

6086

,697

10

852

81

0.91

796.

1873

6.94

773.

0869

8.42

664.

9055

8.55

601.

3156

6.67

542.

3863

.66%

Ros

emon

t ES

1998

124,

056

20

93

2

823.

5678

9.54

850.

5892

4.24

895.

1281

2.16

819.

4779

8.16

845.

6783

6.77

89.7

8%S

adle

r ES

1967

90,9

41

51

88

5

993.

1291

9.83

885.

0585

1.98

735.

0666

2.46

702.

9269

0.55

686.

4674

0.44

83.6

7%S

and

Lake

ES

2005

93,6

74

-

828

48

4.17

500.

6448

9.24

485.

3948

8.07

496.

0842

9.00

51.8

1%S

hena

ndoa

h E

S19

6986

,310

21

810

70

7.49

672.

1367

7.13

659.

0263

3.81

596.

5262

5.11

529.

3157

1.89

551.

5268

.09%

Shi

ngle

Cre

ek E

S19

9312

3,11

1

76

1,13

4

1,

063.

481,

050.

141,

067.

9395

8.99

763.

3992

0.75

1,04

6.70

1,06

2.45

1,08

9.45

1,10

2.04

97.1

8%S

outh

woo

d E

S19

9892

,802

23

787

91

0.16

959.

6489

0.22

858.

0185

6.71

798.

0377

7.40

754.

3270

5.82

673.

9785

.64%

Spr

ing

Lake

ES

1960

52,5

30

21

55

0

614.

6657

9.88

558.

6856

6.58

552.

5251

1.67

538.

6651

9.03

535.

8151

7.03

94.0

1%S

tone

Lak

es E

S20

0710

7,62

7

30

864

1,

051.

771,

214.

2371

6.00

713.

2172

8.78

756.

9378

0.99

90.3

9%S

unrid

ge E

lem

enta

ry20

1210

2,22

8

-

85

9

705.

4982

.13%

Sun

rise

ES

1998

85,7

65

5

663

68

6.65

678.

9866

0.42

633.

4862

0.52

551.

8453

8.73

541.

7453

0.03

469.

5970

.83%

Sun

set P

ark

ES

2006

102,

100

-

1,00

0

1,

037.

631,

170.

9273

7.22

833.

9893

1.04

1,05

9.08

105.

91%

Tang

elo

Par

k E

S19

6061

,115

9

57

5

407.

7244

1.32

401.

4039

0.12

354.

5931

4.04

350.

0733

2.30

320.

3932

8.56

57.1

4%Th

orne

Bro

oke

ES

2002

100,

695

19

87

0

909.

2693

2.68

954.

4592

3.94

862.

4773

5.14

745.

1974

6.32

743.

9271

7.75

82.5

0%Th

ree

Poi

nts

ES

2001

91,1

77

7

830

83

4.47

810.

4681

5.21

766.

8069

2.21

645.

8267

2.00

679.

6169

4.73

679.

1181

.82%

Tild

envi

lle E

S19

6495

,028

1

79

2

770.

4893

9.83

622.

6460

3.02

586.

0657

2.69

526.

3150

2.96

486.

8751

3.86

64.8

8%Ti

mbe

r Lak

es E

S20

0896

,482

-

83

8

590.

3459

4.10

673.

9376

0.28

780.

1493

.10%

Uni

on P

ark

ES

1954

85,8

05

3

820

70

1.51

743.

4177

5.76

758.

6869

8.99

654.

8461

7.45

607.

4960

6.66

554.

9267

.67%

Ven

tura

ES

1989

128,

519

58

1,

006

716.

7974

1.82

699.

3169

7.89

658.

5266

3.64

669.

4572

9.89

777.

2870

0.00

69.5

8%V

ista

Lak

es E

S20

0710

6,54

3

15

1,09

8

84

0.07

835.

0188

9.72

916.

6395

2.03

974.

291,

015.

4192

.48%

Was

hing

ton

Sho

res

ES

1956

64,8

86

14

70

9

494.

4541

3.96

448.

1946

6.67

452.

6249

4.02

486.

1644

7.32

473.

8046

6.60

65.8

1%W

ater

brid

ge E

S19

9211

2,11

9

79

1,07

7

99

7.23

1,06

8.41

1,06

6.35

980.

9796

0.65

923.

9394

6.86

953.

351,

040.

701,

076.

8499

.99%

Wat

erfo

rd E

S19

8897

,085

21

934

99

1.33

984.

6289

3.15

850.

9479

8.50

743.

4471

6.91

723.

2172

1.85

714.

4176

.49%

Wes

t Cre

ek E

S20

0410

2,52

5

10

938

88

2.75

850.

2380

0.84

748.

0773

2.54

753.

9972

7.28

705.

6870

5.32

75.1

9%W

est O

aks

ES

2004

101,

928

8

898

75

2.64

827.

2473

8.93

733.

9870

4.89

572.

2255

3.51

587.

5560

4.63

67.3

3%W

estb

rook

e E

S20

0898

,797

-

84

2

558.

5958

2.56

620.

5662

9.02

644.

4676

.54%

Wet

herb

ee E

S20

1110

1,96

5

-

85

9

637.

3970

2.98

81.8

4%W

heat

ley

ES

1936

108,

747

1

815

43

4.20

434.

0747

7.17

429.

9837

6.50

398.

3037

5.98

359.

4333

0.21

280.

8234

.46%

Whi

sper

ing

Oak

ES

2005

138,

968

16

1,

631

1,03

9.50

1,39

6.81

1,18

3.24

1,28

1.91

1,29

9.86

1,30

8.35

1,34

9.71

721.

5744

.24%

Win

derm

ere

ES

1968

102,

285

42

1,

004

875.

3198

2.52

1,05

5.41

1,10

7.53

683.

5672

9.39

796.

9677

8.59

833.

9877

3.73

77.0

6%W

indy

Rid

ge E

S (3

)19

9116

1,22

2

77

1,58

6

1,

000.

831,

058.

791,

127.

271,

139.

411,

128.

831,

136.

131,

139.

341,

122.

601,

148.

471,

158.

6673

.06%

Win

egar

d E

S19

6969

,822

29

792

65

8.09

720.

1270

7.45

639.

3568

7.81

671.

8169

2.28

640.

7766

2.36

610.

6077

.10%

Wol

f Lak

e E

S20

0612

0,12

4

13

1,20

6

87

3.71

919.

7495

7.33

983.

781,

054.

881,

085.

501,

098.

8291

.11%

Wyn

dham

Lak

es E

S20

0693

,306

16

954

91

9.40

1,03

1.78

1,01

6.39

1,04

3.32

1,08

0.33

837.

9385

8.00

89.9

4%Ze

llwoo

d E

S19

5712

6,37

2

23

1,22

6

56

6.00

557.

5059

8.70

591.

8559

8.43

544.

1455

4.51

506.

7854

9.92

562.

9545

.92%

Tota

l Ele

men

tary

Sch

ools

75,7

62.4

278

,517

.37

81,1

04.7

481

,054

.32

80,3

29.1

479

,441

.85

79,7

07.1

879

,905

.80

81,7

72.7

482

,487

.38

Mid

dle

Scho

ols

A

popk

a M

S19

5015

8,47

1

49

1,19

1

1,

530.

561,

601.

001,

564.

9893

8.37

973.

3497

4.50

1,03

1.28

946.

571,

051.

471,

056.

1788

.68%

Ava

lon

MS

2007

191,

036

11

1,

806

1,17

3.11

1,35

0.75

1,41

7.84

1,40

1.36

1,48

4.78

1,55

9.66

1,62

0.99

89.7

6%B

ridge

wat

er M

S20

0718

9,90

9

-

1,

725

977.

501,

226.

651,

333.

001,

409.

001,

450.

711,

105.

3464

.08%

114

Plac

ed In

Squa

re20

12-1

3Pe

rcen

t of

Serv

ice

(1)

Foot

age

(2)

Port

able

sC

apac

ity (2

)20

03-0

420

04-0

520

05-0

620

06-0

720

07-0

820

08-0

920

09-1

020

10-1

120

11-1

220

12-1

3C

apac

ityFT

E En

rollm

ent D

ata

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSSC

HO

OL

BU

ILD

ING

INFO

RM

ATIO

N &

FU

LL-T

IME

EQU

IVAL

ENT

ENR

OLL

MEN

T D

ATA

LAST

10

YEAR

S

Car

ver M

S19

6213

6,84

1

25

1,47

0

96

1.78

1,07

4.21

982.

3696

0.89

786.

6780

0.98

799.

9880

2.09

723.

8777

3.20

52.6

0%C

hain

of L

akes

MS

2000

182,

822

11

1,

680

1,30

8.01

1,40

3.90

1,32

2.78

1,28

4.45

1,31

3.99

1,04

9.82

1,21

9.36

1,31

4.17

1,36

2.18

1,39

6.34

83.1

2%C

onw

ay M

S19

6914

4,01

5

39

1,46

5

1,

433.

041,

394.

151,

361.

771,

290.

991,

288.

651,

229.

841,

200.

941,

140.

351,

107.

401,

058.

0572

.22%

Cor

ner L

ake

MS

1999

163,

908

27

1,

373

1,48

3.37

1,61

1.98

1,68

3.94

1,39

5.78

1,38

9.13

1,38

0.60

1,34

1.23

1,26

8.47

1,28

4.74

1,22

8.56

89.4

8%D

isco

very

MS

1992

186,

234

47

1,

410

1,85

1.63

2,06

9.91

1,66

7.14

1,02

0.92

985.

2399

3.83

928.

2994

7.15

884.

5184

6.92

60.0

7%Fr

eedo

m M

S20

0517

5,45

6

-

1,

414

1,12

3.94

1,11

6.93

1,10

2.67

1,06

9.15

1,03

7.10

1,00

2.77

1,12

7.57

1,06

4.75

75.3

0%G

lenr

idge

MS

1956

161,

310

-

1,67

6

1,

260.

751,

254.

461,

327.

611,

249.

221,

180.

751,

193.

541,

245.

721,

420.

661,

389.

091,

357.

3880

.99%

Got

ha M

S19

9518

2,52

0

55

1,56

7

1,

713.

641,

813.

261,

653.

171,

554.

881,

248.

911,

268.

911,

199.

061,

194.

141,

211.

001,

327.

7584

.73%

How

ard

MS

1926

163,

063

-

1,30

5

79

6.51

882.

2776

7.24

719.

7659

2.36

586.

9658

2.45

606.

7964

1.91

906.

3869

.45%

Hun

ters

Cre

ek M

S19

9513

6,96

9

18

1,07

7

2,

095.

892,

146.

001,

067.

481,

068.

721,

064.

881,

051.

721,

076.

981,

109.

901,

129.

631,

135.

8710

5.47

%La

ke N

ona

MS

2010

149,

897

-

1,32

8

94

6.33

1,06

8.42

1,18

8.77

1,28

3.25

96.6

3%La

kevi

ew M

S19

2718

4,04

2

35

1,64

7

1,

256.

271,

557.

751,

644.

691,

772.

541,

277.

561,

256.

081,

354.

111,

313.

101,

364.

8990

4.50

54.9

2%Le

e M

S19

5616

5,88

1

18

1,31

1

1,

144.

0899

9.71

985.

7993

5.10

842.

7391

5.20

894.

0895

0.09

899.

4396

1.22

73.3

2%Le

gacy

MS

2005

169,

064

21

1,

264

953.

5998

6.19

970.

1293

8.56

909.

4188

9.33

892.

2184

0.65

66.5

1%Li

berty

MS

1975

172,

775

-

1,75

3

1,

273.

241,

274.

201,

221.

341,

142.

761,

073.

861,

113.

241,

136.

371,

162.

661,

110.

941,

072.

7361

.19%

Lock

hart

MS

1991

153,

245

35

1,

070

1,07

5.08

1,06

4.63

935.

5296

4.63

924.

7088

9.22

812.

7381

7.46

781.

9276

6.22

71.6

1%M

aitla

nd M

S19

5914

1,00

5

18

1,26

7

1,

148.

291,

126.

431,

056.

631,

005.

7493

0.99

890.

5892

9.39

971.

851,

030.

9297

5.96

77.0

3%M

eado

w W

oods

MS

1999

175,

354

24

1,

697

1,79

6.93

1,95

6.11

1,94

3.98

1,38

3.26

1,36

7.09

1,20

3.46

1,16

5.57

1,14

2.23

1,13

1.55

1,17

7.03

69.3

6%M

eado

wbr

ook

MS

1966

177,

898

54

1,

581

1,02

7.22

1,00

0.15

1,07

4.00

1,19

1.71

1,13

7.03

1,13

5.42

1,04

3.85

1,01

9.03

1,03

5.89

1,05

6.51

66.8

3%M

emor

ial M

S19

6218

9,50

7

2

1,

324

781.

6375

9.35

732.

2174

8.88

690.

4078

0.21

789.

0969

5.50

658.

0876

0.00

57.4

0%O

coee

MS

1990

191,

743

12

1,

847

1,50

5.49

1,61

6.96

1,60

5.36

1,65

8.14

1,63

8.05

1,67

9.39

1,64

3.27

1,60

3.88

1,55

6.75

1,44

5.00

78.2

3%O

dyss

ey M

S20

0118

0,51

5

16

1,37

1

1,

270.

831,

534.

901,

304.

561,

449.

571,

554.

841,

656.

0586

0.67

874.

4390

6.61

957.

5069

.84%

Pie

dmon

t Lak

es M

S19

9318

7,29

1

27

1,80

9

1,

618.

981,

664.

351,

557.

791,

365.

181,

255.

981,

197.

681,

128.

631,

140.

561,

152.

921,

189.

9665

.78%

Rob

insw

ood

MS

1963

156,

719

39

1,

555

1,29

8.27

1,25

9.73

1,20

2.43

1,17

7.06

1,08

5.44

1,10

7.74

1,09

9.96

1,22

8.54

1,23

5.14

1,29

5.94

83.3

4%S

outh

Cre

ek M

S20

0615

4,37

3

-

1,

250

783.

2086

9.70

927.

3290

8.30

972.

681,

042.

721,

010.

0080

.80%

Sou

thw

est M

S19

9218

5,00

0

18

1,47

6

1,

342.

161,

373.

031,

287.

701,

224.

091,

262.

821,

290.

371,

285.

701,

298.

051,

212.

721,

209.

7281

.96%

Sto

new

all J

acks

on M

S19

6499

,891

21

859

1,

163.

311,

139.

871,

091.

9097

2.06

1,10

6.67

1,20

6.19

1,23

9.38

1,21

0.90

1,33

9.59

1,34

8.95

157.

04%

Sun

ridge

Mid

dle

2012

159,

859

4

1,21

6

1,

103.

3990

.74%

Uni

on P

ark

MS

1993

212,

430

38

1,

643

1,36

6.00

1,37

4.71

1,33

1.89

1,24

5.77

1,16

0.37

1,11

9.04

1,04

6.96

1,04

0.25

970.

6892

2.22

56.1

3%W

alke

r MS

1966

173,

391

27

1,

293

1,12

8.26

1,14

9.74

1,13

9.50

1,12

8.48

1,06

1.92

1,09

8.73

1,03

3.71

917.

7891

6.00

958.

9874

.17%

Wes

tridg

e M

S19

7329

4,47

5

14

2,58

5

1,

171.

261,

236.

401,

101.

581,

045.

3993

3.98

1,00

0.86

977.

471,

036.

961,

070.

921,

174.

4445

.43%

Wol

f Lak

e M

S20

0617

3,67

1

7

1,

383

971.

9896

2.93

1,03

0.87

1,06

5.63

1,11

4.33

1,14

8.00

1,15

3.45

83.4

0%To

tal M

iddl

e S

choo

ls35

,802

.48

37,3

39.1

636

,692

.87

36,9

25.7

536

,362

.01

36,6

80.5

536

,667

.36

37,1

14.8

737

,570

.39

38,4

45.3

2

Hig

h Sc

hool

sA

popk

a H

S19

7442

4,04

8

10

3

3,40

2

3,

753.

033,

921.

773,

569.

563,

452.

532,

750.

102,

506.

132,

505.

482,

501.

622,

760.

162,

840.

6783

.50%

Boo

ne H

S19

5232

5,84

8

23

3,46

9

3,

153.

793,

277.

083,

220.

173,

132.

553,

051.

503,

011.

932,

950.

792,

741.

922,

780.

902,

775.

4780

.01%

Col

onia

l HS

1958

437,

359

76

3,

217

3,65

2.28

3,70

0.13

3,62

7.59

3,66

4.13

3,69

1.54

3,65

6.28

3,26

9.91

3,24

5.36

3,20

5.33

3,30

3.39

102.

69%

Cyp

ress

Cre

ek H

S19

9345

5,92

5

59

3,82

7

2,

829.

212,

966.

823,

175.

333,

267.

763,

144.

113,

306.

603,

116.

343,

106.

053,

098.

363,

048.

8079

.67%

Dr.

Phi

llips

HS

1989

596,

865

99

4,

652

3,44

8.90

3,75

3.17

3,60

3.60

3,39

0.84

3,45

5.53

3,47

3.07

3,55

3.74

3,48

9.46

3,56

2.00

3,55

6.69

76.4

6%E

ast R

iver

HS

2010

409,

824

-

3,16

1

1,

529.

531,

909.

621,

798.

341,

763.

6555

.79%

Edg

ewat

er H

S19

5045

3,56

6

34

2,50

8

3,

132.

343,

031.

722,

663.

352,

502.

312,

189.

201,

903.

931,

765.

951,

652.

181,

657.

371,

663.

5966

.33%

Eva

ns H

S19

5832

9,87

5

69

2,57

4

2,

813.

052,

306.

442,

498.

972,

204.

201,

887.

441,

924.

671,

873.

971,

855.

042,

003.

492,

302.

4989

.45%

Free

dom

HS

2003

376,

102

39

3,

362

2,44

8.27

3,26

1.35

3,23

8.97

2,95

7.30

2,92

5.08

2,70

6.49

2,71

3.19

2,83

6.67

3,00

3.98

3,03

4.38

90.2

6%Jo

nes

HS

1952

311,

975

5

1,69

3

1,

097.

691,

121.

591,

084.

6698

6.51

1,00

7.33

985.

231,

040.

8195

5.38

863.

3679

1.80

46.7

7%La

ke N

ona

HS

2009

394,

422

-

2,95

5

70

5.09

1,22

9.34

1,74

2.23

1,82

9.78

61.9

2%O

ak R

idge

HS

1960

468,

924

31

3,

767

2,39

6.36

2,03

6.35

2,13

6.81

2,10

5.35

2,03

2.07

2,12

8.84

1,91

6.15

1,82

8.22

1,71

8.90

1,97

7.63

52.5

0%O

coee

HS

2005

334,

568

-

2,92

4

2,

895.

273,

046.

732,

690.

662,

566.

462,

387.

012,

249.

172,

294.

162,

242.

3476

.69%

Oly

mpi

a H

S20

0141

8,98

0

-

3,

546

2,95

7.67

3,23

8.95

3,10

2.63

3,12

3.23

3,15

6.20

2,97

9.20

2,94

4.64

2,89

6.02

2,86

3.60

2,76

9.56

78.1

0%Ti

mbe

r Cre

ek H

S20

0141

4,36

2

51

3,67

1

2,

882.

953,

309.

173,

677.

203,

969.

264,

179.

554,

227.

853,

164.

022,

900.

992,

965.

712,

975.

9181

.07%

Uni

vers

ity H

S19

9157

2,66

6

99

4,64

3

3,

312.

233,

389.

773,

534.

923,

513.

273,

515.

203,

359.

062,

755.

012,

658.

782,

707.

692,

910.

4262

.68%

Wek

iva

HS

2007

372,

356

-

2,94

5

1,

748.

592,

293.

232,

296.

102,

355.

362,

130.

952,

080.

9270

.66%

Wes

t Ora

nge

HS

1974

420,

535

104

3,

152

3,67

6.53

3,98

3.87

2,22

6.53

2,31

1.06

2,49

3.02

2,60

9.11

2,85

8.43

3,07

7.01

3,20

1.68

3,39

7.32

107.

78%

Win

ter P

ark

HS

1969

362,

667

75

3,

027

3,47

3.28

3,76

9.49

3,52

2.22

3,35

0.58

3,16

5.62

3,09

6.77

3,12

6.49

3,18

9.94

3,30

0.45

3,09

7.93

102.

34%

Tota

l Hig

h S

choo

ls45

,027

.58

47,0

67.6

747

,777

.78

46,9

77.6

147

,082

.74

46,7

34.8

546

,472

.65

46,6

78.1

347

,658

.66

48,3

62.7

4

Spec

ialit

y Sc

hool

s

Che

roke

e S

choo

l19

2678

,456

n/

an/

a97

.50

86.0

079

.57

93.7

486

.50

69.4

159

.82

51.9

653

.23

56.1

2n/

aD

ever

eux

Trea

tmen

tn/

an/

an/

an/

a29

.00

26.0

030

.73

32.7

818

.55

19.5

018

.91

18.9

617

.00

20.5

0n/

aG

atew

ay S

choo

l19

6172

,548

n/

an/

a19

4.83

186.

5910

9.46

87.8

152

.96

54.2

656

.54

64.1

169

.19

62.1

3n/

aM

agno

lia S

peci

al E

duca

tion

1973

106,

395

n/a

n/a

189.

0217

9.25

205.

8019

3.61

194.

2019

2.27

184.

8817

7.79

173.

6017

1.03

n/a

Silv

er S

tar C

ente

r20

0833

,612

n/

an/

a11

9.38

129.

6771

.92

70.8

161

.01

64.8

655

.63

57.3

447

.93

53.7

4n/

aTo

tal S

peci

ality

Sch

ools

629.

7360

7.51

497.

4847

8.75

413.

2240

0.30

375.

7837

0.16

360.

9536

3.52

Oth

er P

rogr

ams

Acc

eler

atio

n A

cade

my

n/a

n/a

n/a

n/a

294.

9937

7.69

399.

5127

4.66

n/a

Acc

eler

atio

n A

cade

my

Wes

tn/

an/

an/

an/

a13

0.50

n/a

Add

icto

ns R

ecei

ving

Fac

ility

n/a

n/a

n/a

n/a

20.0

015

.33

15.0

011

.50

19.0

012

.06

10.0

016

.50

13.5

018

.84

n/a

115

Plac

ed In

Squa

re20

12-1

3Pe

rcen

t of

Serv

ice

(1)

Foot

age

(2)

Port

able

sC

apac

ity (2

)20

03-0

420

04-0

520

05-0

620

06-0

720

07-0

820

08-0

920

09-1

020

10-1

120

11-1

220

12-1

3C

apac

ityFT

E En

rollm

ent D

ata

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSSC

HO

OL

BU

ILD

ING

INFO

RM

ATIO

N &

FU

LL-T

IME

EQU

IVAL

ENT

ENR

OLL

MEN

T D

ATA

LAST

10

YEAR

S

AE

AS

AP

n/a

n/a

n/a

n/a

20.4

215

.88

19.2

519

.62

22.0

019

.50

22.0

010

.50

n/a

AE

FS

In/

an/

an/

an/

a11

.50

8.45

n/a

AE

Lak

esid

en/

an/

an/

an/

a14

.34

15.5

021

.00

n/a

AE

PR

OJC

OM

Pn/

an/

an/

an/

a31

.00

31.7

829

.48

26.2

029

.00

17.9

831

.92

32.4

1n/

aA

E V

illage

n/a

n/a

n/a

n/a

11.5

012

.50

10.5

011

.50

12.5

015

.00

13.4

3n/

aA

E Y

OP

n/a

n/a

n/a

n/a

31.5

062

.50

71.9

356

.44

43.0

638

.47

44.0

052

.38

n/a

Alte

rnat

ive

Cen

ter

n/a

n/a

n/a

n/a

555.

0552

3.52

136.

4012

8.91

109.

7674

.79

38.5

646

.33

38.0

036

.58

n/a

Alte

rnat

ive

Cen

ter -

BE

TAn/

an/

an/

an/

a28

8.10

234.

9826

9.45

241.

1024

3.14

279.

2125

1.45

236.

15n/

aA

ltern

ativ

e C

ente

r - U

BC

n/a

n/a

n/a

n/a

78.0

072

.34

71.5

480

.24

69.6

894

.50

83.0

077

.00

n/a

Com

mun

ity E

d P

artn

ers

- NW

n/a

n/a

n/a

n/a

677.

7567

0.88

642.

0552

6.95

427.

86n/

aC

omm

unity

Ed

Par

tner

s - S

Wn/

an/

an/

an/

a58

1.74

526.

5761

6.70

594.

5855

7.74

n/a

Dro

p B

ack

Inn/

an/

an/

an/

a17

4.36

412.

9558

2.88

892.

1283

3.88

n/a

Eas

t Orla

ndo

Edu

catio

n C

trn/

an/

an/

an/

a12

.84

24.9

921

.91

15.9

68.

00n/

aE

stee

m A

cade

my

n/a

n/a

n/a

n/a

30.3

228

.44

36.9

133

.91

30.3

8n/

aE

vans

AC

E C

ente

rn/

an/

an/

an/

an/

aE

xcel

Aca

dem

y20

09n/

an/

an/

a27

4.94

263.

6931

7.24

303.

2929

9.38

338.

4931

1.43

214.

1421

1.69

166.

52n/

aH

ospi

tal/H

omeb

ound

n/a

n/a

n/a

n/a

76.8

271

.22

65.8

178

.52

69.8

763

.44

69.4

335

.25

120.

6714

5.56

n/a

La-A

mis

tad

n/a

n/a

n/a

n/a

53.7

651

.40

51.9

152

.00

46.0

063

.75

73.6

377

.90

77.7

581

.69

n/a

McK

ay S

chol

arsh

ipn/

an/

an/

an/

a53

3.87

830.

8098

2.50

915.

401,

282.

521,

449.

371,

537.

001,

402.

791,

743.

301,

982.

63n/

aM

S P

rofe

ssio

nal A

cade

my

n/a

n/a

n/a

n/a

154.

9313

2.98

145.

5113

3.61

87.7

412

8.48

0.00

0.00

n/a

New

Cho

ices

Aca

dem

yn/

an/

an/

an/

a2.

503.

000.

840.

420.

98n/

aO

CP

S D

OE

Virt

ual S

choo

ln/

an/

an/

an/

a37

.27

90.9

870

.16

81.7

0n/

aO

ppor

tuni

ty S

chol

arsh

ipn/

an/

an/

an/

a65

.00

27.5

0n/

aO

rang

e C

ount

y V

irtua

l Sch

ool

n/a

n/a

n/a

n/a

87.2

012

5.60

111.

01n/

aO

-Tec

Orla

ndo

Tech

1980

n/a

n/a

n/a

18.5

60.

8014

.82

26.7

181

.14

69.1

590

.98

95.1

5n/

aO

-Tec

Wes

tsid

e Te

ch19

66n/

an/

an/

a21

0.51

253.

9623

7.01

235.

2826

9.58

252.

3331

6.53

245.

6614

7.76

60.1

1n/

aO

-Tec

Win

ter P

ark

Tech

1953

n/a

n/a

n/a

43.7

150

.83

63.4

146

.55

49.1

648

.55

68.3

817

.92

26.3

823

.85

n/a

O-T

ech

Mid

-Flo

rida

Tech

1963

n/a

n/a

n/a

62.3

182

.60

73.6

511

4.53

116.

7279

.57

181.

4924

4.69

139.

7216

8.66

n/a

Pro

ject

Ach

ieve

n/a

n/a

n/a

n/a

9.50

n/a

Rob

ert H

unge

rford

Pre

p. H

S19

45n/

an/

an/

a36

2.22

539.

4449

3.01

486.

2329

2.52

123.

62n/

aTr

ansi

tion

Cen

ter

n/a

n/a

n/a

n/a

6.27

31.5

826

.08

26.9

061

.14

n/a

Uni

vers

al E

duca

tion

Ctr

n/a

n/a

n/a

n/a

18.5

040

.50

38.5

132

.00

27.8

3n/

aW

inte

r Par

k E

duca

tion

Ctr

n/a

n/a

n/a

n/a

12.0

0n/

aA

dole

scen

t The

rape

utic

Ctr

n/a

n/a

n/a

n/a

155.

0215

1.42

n/a

Firs

t Ste

p II

n/a

n/a

n/a

n/a

31.1

232

.96

28.4

218

.96

18.9

270

.64

59.1

896

.49

95.6

575

.65

n/a

Hom

e B

uild

ers

Inst

itute

n/a

n/a

n/a

n/a

31.2

021

.72

15.3

317

.73

18.2

523

.01

15.9

511

.36

n/a

Ora

nge

Hal

fway

Hou

sen/

an/

an/

an/

a27

.99

29.7

726

.17

20.2

4n/

aO

rang

e Ju

veni

le D

eten

tion

Ctr

n/a

n/a

n/a

n/a

226.

2827

8.49

184.

1923

0.25

164.

7114

9.10

95.5

414

5.04

196.

7012

0.62

n/a

Orla

ndo

Mar

ine

Inst

itute

#1

n/a

n/a

n/a

n/a

81.3

667

.71

63.7

067

.53

76.8

368

.68

61.3

187

.48

74.8

028

.97

n/a

Pac

e C

ente

r for

Girl

sn/

an/

an/

an/

a84

.01

61.5

860

.29

70.0

971

.42

61.6

466

.20

65.2

576

.79

46.7

9n/

aTo

tal O

ther

Pro

gram

s4,

328.

154,

684.

374,

693.

964,

505.

084,

487.

953,

725.

124,

277.

874,

501.

115,

107.

145,

033.

57

Cha

rter

Sch

ools

Acc

ess

CS

n/a

n/a

n/a

n/a

86.0

088

.93

n/a

Alo

ma

Hig

h C

Sn/

an/

an/

an/

a10

1.50

351.

3444

6.26

419.

6240

6.96

n/a

Asp

ire A

cade

my

CS

n/a

n/a

n/a

n/a

43.0

078

.50

n/a

Cen

tral F

L Le

ader

ship

Aca

dn/

an/

an/

an/

a82

.50

123.

0015

8.76

n/a

Cha

ncer

y H

igh

CS

n/a

n/a

n/a

n/a

112.

4238

7.26

485.

6648

8.38

496.

32n/

aC

orne

rsto

ne A

cade

my

CS

n/a

n/a

n/a

n/a

691.

6473

5.41

837.

44n/

aC

orne

rsto

ne A

cade

my

HS

CS

n/a

n/a

n/a

n/a

169.

8219

1.71

221.

47n/

aD

avin

ci H

igh

CS

n/a

n/a

n/a

n/a

14.5

0n/

aE

inst

ein

Mon

tess

ori A

cade

my

Cn/

an/

an/

an/

a20

.00

n/a

Hop

e C

Sn/

an/

an/

an/

a18

7.00

229.

0023

1.50

244.

5125

6.37

261.

5227

3.46

379.

0539

4.94

418.

50n/

aIm

ani E

lem

. Aca

dem

y C

Sn/

an/

an/

an/

a10

9.00

n/a

Inno

vatio

ns M

iddl

e C

Sn/

an/

an/

an/

a18

5.68

185.

5518

3.93

n/a

Kid

s C

omm

unity

Col

lege

Cha

rten/

an/

an/

an/

a60

.50

n/a

Lake

Eol

a C

Sn/

an/

an/

an/

a22

5.07

224.

0022

1.50

219.

0021

8.46

218.

0021

8.00

217.

9221

8.96

217.

96n/

aLe

gacy

CS

n/a

n/a

n/a

n/a

25.5

242

.50

67.1

179

.26

83.7

410

7.68

128.

2615

7.77

n/a

Life

Ski

lls C

Sn/

an/

an/

an/

a17

5.57

265.

4333

7.81

340.

5922

6.59

192.

42n/

aM

esta

CS

n/a

n/a

n/a

n/a

46.3

4n/

aM

onte

ssor

i Win

ter G

arde

n C

Sn/

an/

an/

an/

a10

6.00

141.

00n/

aN

ap F

ord

Com

mun

ity C

Sn/

an/

an/

an/

a14

4.50

120.

5011

8.00

112.

1811

5.00

110.

5014

2.00

124.

0912

8.00

115.

00n/

aN

orth

star

Hig

h C

Sn/

an/

an/

an/

a15

8.79

171.

8416

4.06

164.

4116

5.10

173.

0617

8.71

178.

00n/

aO

rigin

s M

onte

ssor

i CS

n/a

n/a

n/a

n/a

145.

2916

7.93

157.

4612

6.48

n/a

Orla

ndo

Sci

ence

Ele

men

tary

Ch

n/a

n/a

n/a

n/a

232.

00n/

aO

rland

o S

cien

ce M

S/H

S C

Sn/

an/

an/

an/

a10

4.58

244.

3641

4.43

487.

0048

9.40

n/a

Pas

spor

t CS

n/a

n/a

n/a

n/a

149.

0016

6.43

165.

4817

6.30

171.

0117

5.08

174.

3417

9.00

179.

5017

7.35

n/a

116

Plac

ed In

Squa

re20

12-1

3Pe

rcen

t of

Serv

ice

(1)

Foot

age

(2)

Port

able

sC

apac

ity (2

)20

03-0

420

04-0

520

05-0

620

06-0

720

07-0

820

08-0

920

09-1

020

10-1

120

11-1

220

12-1

3C

apac

ityFT

E En

rollm

ent D

ata

OR

ANG

E C

OU

NTY

PU

BLI

C S

CH

OO

LSSC

HO

OL

BU

ILD

ING

INFO

RM

ATIO

N &

FU

LL-T

IME

EQU

IVAL

ENT

ENR

OLL

MEN

T D

ATA

LAST

10

YEAR

S

Pin

ecre

st C

reek

Cha

rter

n/a

n/a

n/a

n/a

121.

68n/

aP

inec

rest

Pre

p C

Sn/

an/

an/

an/

a52

.44

138.

5017

3.77

n/a

Pin

ecre

st P

rep

Hig

h C

Sn/

an/

an/

an/

a4.

006.

00n/

aP

rince

ton

Hou

se C

Sn/

an/

an/

an/

a17

8.00

229.

5023

9.00

237.

2324

0.69

225.

4624

3.82

234.

6115

4.00

161.

50n/

aR

enai

ssan

ce C

harte

r Sch

ool a

tn/

an/

an/

an/

a60

5.47

n/a

Rio

Gra

nde

CS

n/a

n/a

n/a

n/a

138.

7214

2.55

148.

0015

1.00

152.

2715

3.48

204.

1117

9.00

201.

00n/

aS

heel

er H

igh

CS

n/a

n/a

n/a

n/a

112.

4034

8.10

480.

5447

3.92

484.

60n/

aS

umm

it C

entra

l CS

n/a

n/a

n/a

n/a

111.

0011

2.23

114.

5198

.50

83.9

1n/

aS

umm

it C

Sn/

an/

an/

an/

a25

6.44

246.

6824

6.00

208.

0124

7.55

135.

5313

9.43

42.0

0n/

aS

umm

it W

est C

Sn/

an/

an/

an/

a19

7.00

200.

7020

0.00

106.

50n/

aS

unsh

ine

Hig

h C

harte

rn/

an/

an/

an/

a29

4.36

n/a

UC

P E

ast C

Sn/

an/

an/

an/

a41

.71

111.

3614

1.48

175.

0822

1.15

n/a

UC

P P

ine

Hills

CS

n/a

n/a

n/a

n/a

20.6

436

.37

25.9

342

.46

39.5

644

.80

56.0

147

.30

51.8

549

.83

n/a

UC

P T

L A

cade

my

CS

n/a

n/a

n/a

n/a

5.00

9.50

12.0

017

.19

17.0

015

.50

28.5

0n/

aU

CP

T L

Hig

h A

cad

CS

n/a

n/a

n/a

n/a

19.0

021

.00

n/a

Uni

ted

Cer

ebra

l Pal

sy (U

CP

)n/

an/

an/

an/

a14

3.89

152.

2115

9.91

161.

2615

3.92

114.

7512

1.75

124.

4013

5.39

165.

64n/

aW

est O

rang

e C

Sn/

an/

an/

an/

a65

7.91

682.

5258

0.00

578.

0054

1.20

516.

0050

6.65

505.

9350

2.28

522.

13n/

aW

estm

inst

er A

cade

my

CS

n/a

n/a

n/a

n/a

34.2

236

.26

17.0

032

.87

35.9

8n/

aW

orkf

orce

Adv

anta

ge A

cad

CS

n/a

n/a

n/a

n/a

104.

5015

1.82

147.

2316

4.72

188.

6718

5.48

194.

7520

8.83

224.

34n/

aTo

tal C

harte

r Sch

ools

2,79

3.81

3,02

3.22

2,96

5.69

2,85

3.44

2,67

2.82

3,13

8.19

4,31

9.27

6,14

9.98

6,40

1.27

7,76

8.18

Tota

l Kin

derg

arte

n - 1

2th

Gra

de16

4,34

4.17

171,

239.

3017

3,73

2.52

172,

794.

9517

1,34

7.88

170,

120.

8617

1,82

0.11

174,

720.

0517

8,87

1.15

182,

460.

71

Adul

t Pro

gram

sB

oone

AC

E C

ente

rn/

an/

an/

an/

a26

1.09

243.

9527

2.57

n/a

Col

onia

l AC

E C

ente

rn/

an/

an/

an/

a23

0.69

205.

6023

3.63

n/a

Dr.

Phi

llips

AC

E C

ente

rn/

an/

an/

an/

a11

1.02

207.

8812

3.62

n/a

Eva

ns A

CE

Cen

ter

n/a

n/a

n/a

n/a

166.

0674

.68

n/a

Jone

s A

CE

Cen

ter

n/a

n/a

n/a

n/a

17.2

013

.52

n/a

Mid

-Flo

rida

Tech

AC

E C

ente

rn/

an/

an/

an/

a20

5.90

215.

6919

4.89

152.

3575

.13

39.3

035

.10

n/a

Orla

ndo

Tech

AC

E C

ente

rn/

an/

an/

an/

a17

2.23

185.

9819

9.02

187.

782.

393.

932.

64n/

aO

-Tec

Orla

ndo

Tech

n/a

n/a

n/a

n/a

962.

241,

120.

561,

040.

121,

137.

401,

256.

651,

346.

371,

399.

411,

547.

071,

125.

571,

484.

77n/

aO

-Tec

Wes

tsid

e Te

chn/

an/

an/

an/

a1,

217.

701,

208.

911,

242.

581,

169.

931,

208.

791,

461.

491,

513.

361,

864.

581,

425.

701,

438.

81n/

aO

-Tec

Win

ter P

ark

Tech

n/a

n/a

n/a

n/a

744.

4670

9.40

735.

5881

5.34

816.

5390

3.04

1,06

2.71

1,21

9.69

813.

761,

055.

70n/

aO

-Tec

h M

id-F

lorid

a Te

chn/

an/

an/

an/

a2,

855.

312,

908.

373,

053.

503,

551.

523,

814.

113,

608.

173,

562.

133,

753.

643,

125.

213,

826.

52n/

aTr

ansi

tion

AC

E C

ente

rn/

an/

an/

an/

a27

7.85

268.

5321

9.31

233.

43n/

aW

ests

ide

Tech

AC

E C

ente

rn/

an/

an/

an/

a95

.09

122.

3911

6.02

85.8

510

9.84

16.9

948

.79

n/a

Win

ter P

ark

AC

E C

ente

rn/

an/

an/

an/

a18

1.99

172.

6119

9.80

190.

7321

9.41

204.

4419

1.51

22.4

921

.51

24.8

2n/

aW

orkf

orce

Ed

E-L

earn

ing

n/a

n/a

n/a

n/a

12.9

546

.14

45.7

677

.09

n/a

Wym

ore

AC

E C

ente

rn/

an/

an/

an/

a22

2.76

261.

9428

5.86

n/a

Tota

l Adu

lt P

rogr

ams

6,95

3.32

7,13

1.10

7,20

0.78

7,62

8.94

8,15

4.22

8,29

8.51

8,46

5.62

8,59

4.83

6,57

1.97

7,91

7.15

Tota

l Dis

trict

171,

297.

4917

8,37

0.40

180,

933.

3018

0,42

3.89

179,

502.

1017

8,41

9.37

180,

285.

7318

3,31

4.88

185,

443.

1219

0,37

7.86

S

ourc

e: D

istri

ct R

ecor

ds

(1)

Orig

inal

dat

e th

at th

e sc

hool

was

pla

ced

in s

ervi

ce.

Thi

s da

te d

oes

not r

efle

ct a

dditi

ons,

reno

vatio

ns, o

r rem

odel

ing.

(2)

The

squa

re fo

otag

e an

d ca

paci

ty a

re fo

r the

per

man

ent b

uild

ing

only

and

do

not i

nclu

de th

e po

rtabl

es.

(3)

Thes

e el

emen

tary

sch

ools

incl

ude

som

e m

iddl

e sc

hool

gra

des

also

.n/

a In

form

atio

n is

not

ava

ilabl

e.

ES

- E

lem

enta

ry S

choo

lM

S -

Mid

dle

Sch

ool

HS

- H

igh

Sch

ool

S -

Spe

cial

O -

Oth

er -

Any

oth

er ty

pe o

f sch

ool

O-D

JJ -

Oth

er -

Dep

artm

ent o

f Juv

enile

Jus

tice

CS

- C

harte

r Sch

ool

A -

Adu

ltTL

- Tr

ansi

tiona

l Lea

rnin

g

117

RatioRatio Instructional

(C) Students to Personnel toFiscal (A) (B) Support Instructional SchoolYear Instructional Administrative Services Total Personnel Administrators

2012-13 12,827 942 8,215 21,984 14.31 : 1 13.62 : 12011-12 12,747 900 8,086 21,733 14.03 : 1 14.16 : 12010-11 12,547 859 8,366 21,772 14.26 : 1 14.60 : 12009-10 12,056 850 8,443 21,349 14.54 : 1 14.18 : 12008-09 12,400 870 8,906 22,176 13.59 : 1 14.25 : 12007-08 13,184 884 9,305 23,373 13.00 : 1 14.91 : 12006-07 13,107 836 8,546 22,489 14.11 : 1 15.54 : 12005-06 12,591 810 8,202 21,603 14.11 : 1 15.54 : 12004-05 11,866 772 7,912 20,550 14.67 : 1 15.37 : 12003-04 11,018 739 7,764 19,521 15.14 : 1 14.91 : 1

(A) Classroom Teachers, Guidance/Psychologists, Occupational Placement Specialists, Media Specialists, Other Professional Instructional Staff

(B) Principals, Assistant Principals, Superintendent, Assistant Superintendent, Directors, Managers, Coordinators, Occupational Therapists

(C) Paraprofessionals, Bus Drivers, Monitors, Maintenance, Clerical, Etc.



LAST TEN FISCAL YEARSNUMBER OF PERSONNEL

118

Fiscal Minimum Maximum AverageYear Salary Salary Salary

2012-13 37,000$ 68,258$ 44,383$ 2011-12 37,000 68,258 45,046 2010-11 37,000 67,470 44,898 2009-10 37,000 67,270 44,790 2008-09 37,000 66,827 44,668 2007-08 37,000 66,827 41,515 2006-07 35,895 60,001 40,4152005-06 33,547 58,236 39,1612004-05 32,257 56,946 38,139 2003-04 31,317 55,346 37,108



LAST TEN FISCAL YEARSTEACHER BASE SALARIES (10 MONTH)

119

June

30,

200

4Ju

ne 3

0, 2

005

June

30,

200

6Ju

ne 3

0, 2

007

June

30,

200

8Ju

ne 3

0, 2

009

June

30,

201

0Ju

ne 3

0, 2

011

June

30,

201

2Ju

ne 3

0, 2

013

Day

s M

eals

wer

e S

erve

d - T

otal

180

210

180

180

224

234

214

224

226

226

R

egul

ar S

choo

l Yea

r18

0

18

0

18

0

18

0

18

0

18

0

18

0

Sum

mer

Sch

ool

30

44

54

34

44

46

46

Ave

rage

Num

ber o

f Fre

e an

d R

educ

ed M

eals

Ser

ved

Dai

ly75

,285

85,7

58

91

,371

72,7

11

72

,392

90,0

47

97

,645

98,9

17

10

3,14

7

Reg

ular

Sch

ool Y

ear

90,2

65

Sum

mer

Sch

ool

844

Num

ber o

f Fre

e an

d R

educ

ed M

eals

Ser

ved

- Tot

al13

,551

,272

16,2

73,0

85

15

,436

,385

16,4

46,7

51

16

,287

,193

16,9

39,7

57

19

,269

,988

21,8

72,3

69

22

,355

,295

23,3

11,2

98

Reg

ular

Sch

ool Y

ear

16,2

47,7

79

Sum

mer

Sch

ool

25,3

06

Ave

rage

Dai

ly S

ubsi

dy R

ecei

ved

170,

081

$

18

7,45

2$

20

8,53

6$

22

3,03

1$

19

4,45

0$

19

6,95

9$

23

9,16

2$

22

7,25

7$

25

1,42

0$

28

5,69

5$

Tota

l Sub

sidy

Rec

eive

d30

,614

,506

$

39,3

64,9

62$

37

,536

,532

$

40,1

45,5

29$

43

,556

,745

$

46,0

88,4

63$

51

,180

,718

$

50,9

05,6

45$

56

,820

,936

$

64,5

66,9

93$

Ave

rage

Num

ber o

f Mea

ls S

erve

d D

aily

100,

515

11

5,75

1

12

3,85

5

98

,326

93,1

78

10

9,87

7

11

7,26

1

11

8,02

4

12

2,00

5

Reg

ular

Sch

ool Y

ear

115,

886

S

umm

er S

choo

l93

1

Num

ber o

f Mea

ls S

erve

d18

,092

,612

20,8

87,4

86

20

,835

,256

22,2

93,9

67

22

,024

,998

21,8

03,6

29

23

,513

,656

26,2

66,3

83

26

,673

,509

27,5

73,2

35

Reg

ular

Sch

ool Y

ear

20,8

59,5

51

Sum

mer

Sch

ool

27,9

35

Num

ber o

f Ful

l Pai

d M

eals

Ser

ved

4,54

1,34

0

4,

614,

401

5,

398,

871

5,

847,

216

5,

737,

805

4,

863,

872

4,

243,

668

4,

394,

014

4,

318,

214

4,

261,

937

Reg

ular

Sch

ool Y

ear

4,61

1,77

2

S

umm

er S

choo

l2,

629

Ave

rage

Dai

ly R

even

ues

273,

898

$

25

7,20

6$

30

7,49

5$

32

8,49

6$

27

4,17

1$

27

7,02

4$

31

9,12

1$

33

3,83

8$

34

7,80

6$

36

8,49

4$

Tota

l Rev

enue

s49

,301

,660

$

54,0

13,2

84$

55

,349

,069

$

59,1

29,2

02$

61

,414

,348

$

64,8

23,5

63$

68

,291

,892

$

74,7

79,7

63$

78

,604

,247

$

83,2

79,6

56$

Ave

rage

Dai

ly C

osts

263,

328

$

24

2,05

6$

32

0,53

5$

33

2,26

7$

28

0,43

7$

26

0,67

2$

29

5,79

1$

31

3,65

5$

32

8,67

2$

35

9,27

4$

Tota

l Cos

ts47

,398

,979

$

50,8

31,7

43$

57

,696

,217

$

59,8

08,0

35$

62

,817

,963

$

60,9

97,3

37$

63

,299

,329

$

70,2

58,7

16$

74

,279

,878

$

81,1

95,8

46$

(1)

Sou

rce:

Dis

trict

Rec

ords

Not

e (1

): D

urin

g th

e 20

04-0

5 fis

cal y

ear,

OC

PS

sta

rted

serv

ing

brea

kfas

t and

lunc

h at

som

e of

the

scho

ols

o

pen

for s

umm

er s

choo

l. T

he a

vera

ge d

olla

r am

ount

s ar

e th

eref

ore

not c

ompa

rabl

e w

ith th

e

prio

r yea

rs s

ince

the

sum

mer

act

ivity

is m

uch

smal

ler t

han

the

norm

al s

choo

l yea

r.

OR

AN

GE

CO

UN

TY P

UB

LIC

SC

HO

OLS

FOO

D S

ERVI

CE

OPE

RA

TIN

G D

ATA

LAST

TEN

FIS

CA

L YE

AR

S

Fisc

al Y

ear E

nded

120

Ann

ual

Cov

erag

e Ty

pe

Nam

e of

Com

pany

Po

licy

Num

ber

From

To

Cov

erag

e Ty

peLi

mit

of C

over

age

Prem

ium

Com

mer

ce &

Indu

stry

Ins.

Co.

0037

7672

55/

14/2

012

5/14

/201

35/

14/2

013

5/

14/2

014

Prop

erty

(incl

udes

Flo

od, B

uild

ers

Risk

, and

Veh

icle

and

M

obile

Equ

ipm

ent

Win

d D

edut

ible

is P

er B

ldg

@ 5

% p

er B

uild

ing)

Tot

al P

rem

ium

2,41

3,89

4.82

$

$2M

Lim

it of

Lia

bilit

y su

bjec

t to

a $1

00,0

00

Ret

entio

n$2

50,0

00 R

eten

tion

Empl

oym

ent P

ract

ices

Lia

bilit

y Pu

blic

Off

icia

l Bon

dD

aryl

Fly

nnTh

e O

hio

Cas

ualty

Ins C

o33

0074

011

/17/

2011

11/1

7/20

12Pu

blic

Off

icia

ls B

ond

for V

ice

Cha

ir$1

,000

35.5

0$

Kat

hlee

n B

Gor

don

The

Ohi

o C

asua

lty In

s Co

3289

768

11/1

7/20

04

11/1

7/20

1211

/17/

2012

11

/17/

2016

Publ

ic O

ffic

ial B

ond

for p

ublic

act

s$1

3,00

023

1.73

$

OR

AN

GE

CO

UN

TY P

UB

LIC

SC

HO

OLS

SCH

EDU

LE O

F IN

SUR

AN

CE

IN F

OR

CE

As

of J

une

30, 2

013

Cov

erag

e

$2.5

M (2

5%) o

f $10

M L

imit

of L

iabi

lity,

incl

udin

g Fl

ood,

Ear

thqu

ake,

and

Win

d/H

ail f

rom

Nam

ed

Stor

m/7

5% p

art o

f prim

ary

$10M

($7

,500

,000

)

Bui

ldin

g M

ovin

g$2

0,00

0 lim

it of

liab

ility

Liab

ility

Hou

se M

over

s Bon

d21

BSB

CF1

910

4/6/

2012

4/

6/20

13

Stor

age

Tan

k L

iabi

lity

Exce

ss L

ayer

s of L

ayer

ed P

rogr

am$2

.5M

(25%

) par

t of $

10M

xs $

20M

, inc

ludi

ng

Win

d/H

ail f

rom

Nam

ed S

torm

, exc

ludi

ng F

lood

and

Ea

rthqu

ake

Exce

ss L

ayer

s of L

ayer

ed P

rogr

am$2

.5M

(25%

) par

t of $

10M

xs $

10M

, inc

ludi

ng

Win

d/H

ail f

rom

Nam

ed S

torm

, Flo

od a

nd E

arth

quak

e

All

risk

of d

irect

phy

sica

l los

s or d

amag

e to

all

real

and

per

sona

l pro

perty

in e

xces

s of

$2,5

00,0

00

Wes

tche

ster

Sur

plus

Lin

es

Insu

ranc

e C

ompa

ny

$2.5

M (2

5%) o

f $10

M L

imit

of L

iabi

lity,

incl

udin

g Fl

ood,

Ear

thqu

ake,

and

Win

d/H

ail f

rom

Nam

ed

Stor

m/7

5% p

art o

f prim

ary

$10M

($7

,500

,000

)

Exce

ss L

ayer

s of L

ayer

ed P

rogr

am

4/6/

2013

4/

6/20

14

7/1/

2013

Asp

en S

peci

alty

Insu

ranc

e C

ompa

nyTB

D7/

1/20

12

$2,0

00,0

00 li

mit

of li

abili

ty

7/1/

2013

Har

tford

Fire

Insu

ranc

e C

ompa

ny

Prim

ary

Inte

rsch

olas

tic S

port

s A

ccid

ent P

olic

y R

elia

nce

Stan

dard

Life

Insu

ranc

e C

o .

Wor

kers

' Com

pens

atio

nSt

ar In

sura

nce

Com

pany

7/1/

2013

Wor

kers

' com

pens

atio

n ov

er $

2,00

0,00

0 SI

RW

CE-

0699

352-

127/

1/20

12

$2.5

M (2

5%) p

art o

f $10

M x

s $10

M, i

nclu

ding

W

ind/

Hai

l fro

m N

amed

Sto

rm, F

lood

and

Ear

thqu

ake

$2.5

M (2

5%) p

art o

f $10

M x

s $20

M, i

nclu

ding

W

ind/

Hai

l fro

m N

amed

Sto

rm, e

xclu

ding

Flo

od a

nd

Earth

quak

e

Libe

rty S

urpl

us In

sura

nce

Com

pany

TBD

7/1/

2012

TBD

7/1/

2012

7/1/

2013

$2.5

M (2

5%) o

f $10

M L

imit

of L

iabi

lity,

incl

udin

g Fl

ood,

Ear

thqu

ake,

and

Win

d/H

ail f

rom

Nam

ed

Stor

m/7

5% p

art o

f prim

ary

$10M

($7

,500

,000

)

Alli

ed W

orld

Ass

uran

ce C

ompa

ny

TBD

7/1/

2012

7/1/

2013

All

risk

of d

irect

phy

sica

l los

s or d

amag

e to

all

real

and

per

sona

l pro

perty

in e

xces

s of

$2,5

00,0

00

Land

mar

k A

mer

ican

Insu

ranc

e C

ompa

ny

$5M

(25%

) par

t of $

20M

xs $

10M

, inc

ludi

ng

Win

d/H

ail f

rom

Nam

ed S

torm

, Flo

od a

nd E

arth

quak

e in

the

first

$10

M

RSU

I/Lan

dmar

k A

mer

ican

Ins C

o

TBD

7/1/

2012

Esse

x In

sura

nce

Com

pany

TBD

7/1/

2012

All

risk

of d

irect

phy

sica

l los

s or d

amag

e to

all

real

and

per

sona

l pro

perty

in e

xces

s of

$2,5

00,0

00

Esse

x In

sura

nce

Com

pany

TBD

7/1/

2012

7/1/

2013

RSU

I/Lan

dmar

k A

mer

ican

Ins C

oTB

D7/

1/20

127/

1/20

13

$5,0

00,0

00 L

imit

of L

iabi

lity

subj

ect t

o $2

5,00

0 D

edu

Stat

utor

y Li

mit

7/1/

2013

$5M

(50%

) par

t of $

10M

xs $

20M

, inc

ludi

ng

Win

d/H

ail f

rom

Nam

ed S

torm

, exc

ludi

ng F

lood

and

Ea

rthqu

ake

7/1/

2013

TBD

7/1/

2012

7/1/

2013

Exce

ss L

ayer

s of L

ayer

ed P

rogr

am

Exce

ss L

ayer

s of L

ayer

ed P

rogr

am

09-0

135-

2013

8/6

/201

26/

6/20

13C

over

s lia

bilit

y re

latin

g to

inte

rsch

olas

tic

athl

etes

$25,

000

Lim

it of

Lia

bilit

y

Firs

t Spe

cial

ty In

sura

nce

Com

pany

TBD

7/1/

2012

7/1/

2013

Exce

ss L

ayer

s of L

ayer

ed P

rogr

am

Axi

s Sur

plus

Insu

ranc

e C

ompa

nyTB

D7/

1/20

127/

1/20

13Ex

cess

Lay

ers o

f Lay

ered

Pro

gram

$25M

(35.

71%

) par

t of $

70M

xs $

30M

, exc

ludi

ng

Win

d/H

ail f

rom

Nam

ed S

torm

, Flo

od a

nd E

arth

quak

e

Land

mar

k A

mer

ican

Insu

ranc

e C

oTB

D7/

1/20

127/

1/20

13Ex

cess

Lay

ers o

f Lay

ered

Pro

gram

20M

(28.

58%

) par

t of 7

0M x

s 30M

, exc

ludi

ng

Win

d/H

ail f

rom

Nam

ed S

torm

, Flo

od a

nd E

arth

quak

e

BM

21-8

397N

566

7/1/

2012

7/1/

2013

Boi

ler &

Mac

hine

ry

Exce

ss L

ayer

s of L

ayer

ed P

rogr

am$2

5M (3

5.71

%) p

art o

f $70

M x

s $30

M, e

xclu

ding

W

ind/

Hai

l fro

m N

amed

Sto

rm, F

lood

and

Ear

thqu

ake

$100

,000

,000

lim

it of

liab

ility

in e

xces

s of $

25,0

00 re

tM

edic

al P

rofe

ssio

nal L

iabi

lity

- St

uden

tA

mer

ican

Cas

ualty

Co.

12

7293

874

7/1/

2012

7/1/

2013

Liab

ility

cov

erag

e fo

r sch

ool n

urse

s$1

,000

,000

/ $5

,000

,000

Lim

it of

Lia

bilit

y

Boi

ler

& M

achi

nery

Trav

eler

s Cas

ualty

& S

uret

y C

o

Cat

astr

ophi

c In

ters

chol

astic

S p

orts

Acc

iden

t Pol

icyi

Mut

ual o

f Om

aha

Insu

ranc

e C

o.SB

20C

C-P

-088

705

8/1/

2012

8/1/

2013

Cov

ers l

iabi

lity

rela

ting

to in

ters

chol

astic

at

hlet

es

Cov

ers l

iabi

lity

rela

ting

to th

e Te

chni

cal

Educ

atio

n C

ente

r

P

rem

ium

bas

ed

$10,

000

Lim

it of

Lia

bilit

y

Ext

ende

d D

ayR

elia

nce

Stan

dard

Life

Insu

ranc

e C

o .09

-013

8-20

138/

20/2

012

8/20

/201

3C

over

s lia

bilit

y re

latin

g to

stud

ent a

ccid

ents

Prem

ium

bas

ed o

n 10

,800

Stu

dent

s

09-0

139-

2012

8/20

/201

26/

5/20

13

$25,

000

Lim

it of

Lia

bilit

y

Tec

hnic

al E

duca

tion

Cen

ter

Rel

ianc

e St

anda

rd L

ife In

sura

nce

Co.

09-0

137-

2013

8/20

/201

28/

20/2

013

$25,

000

Lim

it of

Lia

bilit

y

Cri

me/

Fide

lity

Trav

eler

s Cas

ualty

& S

uret

y C

o10

5686

398

10/1

/201

1 10

/1/2

012

10/1

/201

2 10

/1/2

013

Var

ious

Crim

e co

vera

ges a

ffec

ting

pers

onne

l$1

0,00

0,00

0 Li

mit

of L

iabi

lity/

$500

,000

Ded

uctib

le

Vol

unta

ryM

onum

enta

l Life

Insu

ranc

e C

o.

Edu

cato

r L

egal

Lia

bilit

yN

atio

nal U

nion

Fire

Insu

ranc

e C

o.

of P

A01

-274

-24-

1710

/1/2

011

10/1

/201

210

/1/2

012

10/1

/201

3Sc

hool

lead

ers e

rror

s and

om

issi

ons c

over

ign

wro

ngfu

l act

s

142.

60$

5,

780.

97$

422,

026.

50$

42

2,02

6.50

$

422,

026.

50$

12

0,19

0.35

$

66,1

13.0

0$

120,

190.

35$

28

1,36

4.00

$

$

9

1,18

8.30

91,1

88.3

0$

281,

364.

00$

$

5

8,01

2.41

58,0

12.4

1$

28,0

80.0

0$

30,6

96.0

0$

32,1

48.3

1$

$

10

3,70

9.62

46,3

05.2

0$

39,2

40.0

0$

10,0

74.0

0$

147,

802.

00$

38

5,64

1.60

$

121


122

1312-1177892 1

Report of Independent Certified Public Accountants on Internal Control Over Financial Reporting and on Compliance and Other Matters Based

on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards

Dr. Barbara Jenkins, Superintendent, and Chairman and Members of the School Board Orange County Public Schools

We have audited, in accordance with the auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements of the governmental activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information of Orange County Public Schools (the District) as of and for the year ended June 30, 2013 , and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our report thereon dated December 19, 2013. Our report includes a reference to other auditors who audited the financial statements of the school internal accounts agency fund and the Foundation for Orange County Public Schools, Inc (component unit) as described in our report on the District’s financial statements. This report does not include the results of the other auditors’ testing of internal control over financial reporting or compliance and other matters that are reported on separately by those auditors.

Internal Control Over Financial Reporting

In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Ernst & Young LLP Suite 1700 390 North Orange Avenue Orlando, FL 32801-1671

Tel: +1 407 872 6600 Fax: +1 407 872 6626 ey.com


123

1312-1177892 2

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Compliance and Other Matters

As part of obtaining reasonable assurance about whether the District’s financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the result of that testing, and not to provide an opinion on the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

ey

December 19, 2013


124

orange county public schools€¦ · our responsibility is to express opinions on these financial...

Documents