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Santa Rosa County District School Board School Internal Funds
Financial Statement and Supplementary Information
June 30, 2017
Santa Rosa County District School Board School Internal Funds
Table of Contents June 30, 2017
REPORT Independent Auditors' Report 1 FINANCIAL STATEMENT Statement of Fiduciary Net Position 3 Notes to Financial Statement 4 Supplementary Information: Listing of Schools 6 Supplemental Schedules of Cash Receipts and Disbursements 7 Report on Internal Control over Financial Reporting and on Compliance and Other 40 Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards (and accompanying Summary of Recommendations For Improvements in Internal Controls over Financial Reporting and Compliance with Certain Laws and Regulations) Management Letter 42 Attestation Report on Compliance with Section 218.415 Florida Statues 44
INDEPENDENT AUDITORS' REPORT To the Santa Rosa County District School Board and Tim Wyrosdick, Superintendent of Schools Milton, Florida Report on the Financial Statement We have audited the accompanying Statement of Fiduciary Net Position of the Santa Rosa County District School Board School Internal Funds as of June 30, 2017, and the related notes to the financial statement. Management’s Responsibility for the Financial Statement Management is responsible for the preparation and fair presentation of this financial statement in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors' Responsibility Our responsibility is to express an opinion on this financial statement based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America 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 statement is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statement. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statement, 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 statement 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 statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Opinion
In our opinion, the financial statement referred to above presents fairly, in all material respects, the financial position of the Santa Rosa County District School Board School Internal Funds as of June 30, 2017, in accordance with accounting principles generally accepted in the United States of America.
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Emphasis of Matter As discussed in Note 2, the financial statement presents only the school internal funds and does not purport to, and does not, present the Santa Rosa County District School Board’s financial position as of June 30, 2017 and the changes in financial position, or, where applicable, cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter.
Other Matters Other Information Our audit was conducted for the purpose of forming an opinion on the Santa Rosa County District School Board School Internal Funds’ basic financial statement. The accompanying supplemental schedules of cash receipts and disbursements by school for the year ended June 30, 2017 are presented for purposes of additional analysis and are not a required part of the basic financial statement. The supplemental schedules of cash receipts and disbursements by school are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the financial statement. Such information has been subjected to the auditing procedures applied in the audit of the financial statement and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statement or to the financial statement itself, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the basic financial statement as a whole.
Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated October 26, 2017 on our consideration of the Santa Rosa County District School Board School Internal Funds’ internal control over financial reporting and on our tests of its compliance with certain provisions of laws and 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 the Santa Rosa County District School Board School Internal Fund’s internal control over financial reporting and compliance.
CARR, RIGGS & INGRAM, LLC Miramar Beach, Florida October 26, 2017
Santa Rosa County District School Board School Internal Funds
Statement of Fiduciary Net Position
The accompanying notes are an integral part of this financial statement. ‐ 3 ‐
June 30, 2017
Assets
Cash and cash equivalents 3,522,678$
Total assets 3,522,678$
Liabilities
Accounts payable 274,835$ Internal accounts payable 3,247,843
Total liabilities 3,522,678$
Santa Rosa County District School Board School Internal Funds
Notes to Financial Statements
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NOTE 1: REPORTING ENTITY The Santa Rosa County District School Board (“District”) has direct responsibility for operation, control, and supervision of Santa Rosa County 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 Santa Rosa County District School Board which is composed of five elected members. The elected Superintendent of Schools is the executive officer of the School Board. Geographic boundaries of the District correspond with those of Santa Rosa County. Individual schools within the District are considered separate entities with regards to the accounting and reporting of their internal funds. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation This financial statement presents the District's fiduciary fund used to account for resources of the school internal funds, which are used to administer moneys collected at the District's schools in connection with school, student athletic, class and club activities. Basis of Accounting In accordance with Florida Statutes, the District accounts for its student activity accounts as an agency fund. This fund is organized into sub‐funds to account for each school in the District. The operations of each sub‐fund are accounted for with a separate set of self‐balancing accounts that comprise each school’s assets, liabilities, fund balance, revenues and expenditures. Each sub‐fund is generally divided into six student activity/project classifications, although not all schools utilize all six classifications. These classifications are athletics, music, classes/clubs/departments, trust funds, school store and general. The financial statement of the District's internal funds has been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) as applied to governmental units.
Cash and Deposits The District maintains deposits with "Qualified Public Depositories" as defined in Chapter 280, Florida Statutes. All Qualified Public Depositories must place with the Treasurer of the State of Florida securities in accordance with collateral requirements determined by the State’s Chief Financial Officer. In the event of default by a Qualified Public Depository, the State Treasurer will pay public depositors all losses. Losses in excess of insurance and collateral will be paid through assessments between all Qualified Public Depositories.
Santa Rosa County District School Board School Internal Funds
Notes to Financial Statements
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NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Under this method, all the District's deposits are fully insured or collateralized at the highest level of security as defined by Governmental Accounting Standards Board (GASB), Statement Number 40, Deposits and Investment Disclosures (An Amendment of GASB, Statement Number 3). The District is authorized to invest in financial instruments as established by Section 218.415, Florida Statutes. The authorized investments include among others direct obligations of the United States Treasury; the Local Government Surplus Funds Trust as created by Section 218.405, Florida Statutes; SEC registered money market funds with the highest credit quality rating from a nationally recognized rating agency; and interest‐bearing time deposits or savings accounts in authorized financial institutions. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Actual results could differ from those estimates.
Supplementary Information
Santa Rosa County District School Board School Internal Funds
Listing of Schools
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Elementary Schools: Bagdad Elementary School Bennett Russell Elementary School Berryhill Elementary School Chumuckla Elementary School S.S. Dixon Intermediate School S.S. Dixon Primary School East Milton Elementary School Gulf Breeze Elementary School Holley‐Navarre Intermediate School Holley‐Navarre Primary School Jay Elementary School Oriole Beach Elementary School Pea Ridge Elementary School W.H. Rhodes Elementary School West Navarre Intermediate School West Navarre Primary School Middle Schools: Avalon Middle School Gulf Breeze Middle School Hobbs Middle School Holley‐Navarre Middle School King Middle School Sims Middle School Woodlawn Beach Middle School High Schools: Central School Gulf Breeze High School Jay High School Milton High School Navarre High School Pace High School Other Schools: E.S.E. Internal Fund Locklin Technical Center Santa Rosa Adult School T.R. Jackson Pre‐K Center
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash and
Investments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 187 $ 1,666 $ (1,740) $ ‐ $ 113
Classes/Clubs/Departments 6,502 7,579 (10,585) 1,661 5,157
Trust Funds 24,638 30,134 (32,767) (1,693) 20,312
General 1,567 14,325 (15,568) 32 356
TOTALS $ 32,894 $ 53,704 $ (60,660) $ ‐ $ 25,938
BAGDAD ELEMENTARY SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 144 $ 7,068 $ (7,279) $ 72 $ 5 Classes/Clubs/Departments 21,865 23,991 (36,701) 15,359 24,514 Trust Funds 16,240 39,210 (37,727) 1,436 19,159 School Store 426 ‐ ‐ ‐ 426 General 20,975 58,006 (38,397) (16,867) 23,717
TOTALS $ 59,650 $ 128,275 $ (120,104) $ ‐ $ 67,821
BENNETT RUSSELL ELEMENTARY SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Classes/Clubs/Departments $ 17,743 $ 47,503 $ (40,448) $ ‐ $ 24,798 Trust Funds 15,643 14,735 (19,316) ‐ 11,062 General 22,847 12,643 (2,658) ‐ 32,832
TOTALS $ 56,233 $ 74,881 $ (62,422) $ ‐ $ 68,692
BERRYHILL ELEMENTARY SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Athletics $ 1,146 $ 1,770 $ (2,007) $ ‐ $ 909 Music 2,263 1,275 (2,896) 131 773 Classes/Clubs/Departments 5,974 23,146 (20,208) (118) 8,794 Trust Funds 6,071 6,810 (8,019) (637) 4,225 General 6,553 2,730 (4,940) 624 4,967
TOTALS $ 22,007 $ 35,731 $ (38,070) $ ‐ $ 19,668
CHUMUCKLA ELEMENTARY SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 3,699 $ 3,809 $ (2,712) $ 622 $ 5,418 Classes/Clubs/Departments 20,939 72,324 (61,862) (3,393) 28,008 Trust Funds 7,895 18,086 (14,822) 21 11,180 General 19,210 49,476 (59,080) 2,750 12,356
TOTALS $ 51,743 $ 143,695 $ (138,476) $ ‐ $ 56,962
S.S. DIXON INTERMEDIATE SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 72 $ ‐ $ ‐ $ (67) $ 5 Classes/Clubs/Departments 9,827 34,826 (35,118) 300 9,835 Trust Funds 24,047 29,551 (29,664) (11) 23,923 General 17,721 30,556 (27,146) (222) 20,909
TOTALS $ 51,667 $ 94,933 $ (91,928) $ ‐ $ 54,672
S. S. DIXON PRIMARY SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Classes/Clubs/Departments $ 9,086 $ 15,091 $ (16,821) $ ‐ $ 7,356 Trust Funds 14,683 20,998 (20,498) ‐ 15,183 School Store 394 ‐ ‐ ‐ 394 General 5,286 5,700 (3,761) ‐ 7,225
TOTALS $ 29,449 $ 41,789 $ (41,080) $ ‐ $ 30,158
EAST MILTON ELEMENTARY SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Classes/Clubs/Departments $ 1,964 $ 25,480 $ (25,504) $ (22) $ 1,918 Trust Funds 78,488 86,831 (80,330) (711) 84,278 General 49,325 5,964 (7,628) 733 48,394
TOTALS $ 129,777 $ 118,275 $ (113,462) $ ‐ $ 134,590
GULF BREEZE ELEMENTARY SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Classes/Clubs/Departments $ 40,350 $ 94,684 $ (89,135) $ (1,240) $ 44,659 Trust Funds 12,614 59,167 (53,535) (308) 17,938 General 4,256 2,838 (2,229) 1,548 6,413
TOTALS $ 57,220 $ 156,689 $ (144,899) $ ‐ $ 69,010
HOLLEY‐NAVARRE INTERMEDIATE SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 1,317 $ 1,575 $ (1,964) $ (161) $ 767 Classes/Clubs/Departments 25,032 46,669 (50,639) 6,629 27,691 Trust Funds 32,302 51,707 (57,261) (6,899) 19,849 General 19,276 41,133 (47,263) 431 13,577
TOTALS $ 77,927 $ 141,084 $ (157,127) $ ‐ $ 61,884
HOLLEY‐NAVARRE PRIMARY SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Classes/Clubs/Departments $ 3,898 $ 41,215 $ (40,143) $ 135 $ 5,105 Trust Funds 17,901 46,487 (48,221) (135) 16,032 General 11,731 6,297 (5,983) ‐ 12,045
TOTALS $ 33,530 $ 93,999 $ (94,347) $ ‐ $ 33,182
JAY ELEMENTARY SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Classes/Clubs/Departments $ 20,419 $ 84,699 $ (81,678) $ ‐ $ 23,440 Trust Funds 24,144 26,747 (42,312) ‐ 8,579 General 7,058 39,864 (24,089) ‐ 22,833
TOTALS $ 51,621 $ 151,310 $ (148,079) $ ‐ $ 54,852
ORIOLE BEACH ELEMENTARY SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 268 $ 2,385 $ (2,560) $ 91 $ 184 Classes/Clubs/Departments 5,845 26,570 (22,678) 22 9,759 Trust Funds 6,818 11,283 (10,215) ‐ 7,886 General 33,742 32,724 (50,133) (113) 16,220
TOTALS $ 46,673 $ 72,962 $ (85,586) $ ‐ $ 34,049
PEA RIDGE ELEMENTARY SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ ‐ $ 971 $ (956) $ ‐ $ 15 Classes/Clubs/Departments 13,895 43,541 (41,415) 4 16,025 Trust Funds 5,335 13,635 (13,155) (4) 5,811 School Store 1,043 450 (498) ‐ 995 General 15,351 7,040 (10,146) ‐ 12,245
TOTALS $ 35,624 $ 65,637 $ (66,170) $ ‐ $ 35,091
W. H. RHODES ELEMENTARY SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 462 $ 1,730 $ (1,911) $ ‐ $ 281 Classes/Clubs/Departments 32,878 90,844 (81,047) (844) 41,831 Trust Funds 13,449 46,810 (43,708) 110 16,661 General 9,201 53,208 (46,218) 734 16,925
TOTALS $ 55,990 $ 192,592 $ (172,884) $ ‐ $ 75,698
WEST NAVARRE INTERMEDIATE SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Classes/Clubs/Departments $ 12,970 $ 29,256 $ (27,746) $ (2,760) $ 11,720 Trust Funds 45,458 75,363 (89,311) 2,391 33,901 General 3,053 30,795 (28,493) 369 5,724
TOTALS $ 61,481 $ 135,414 $ (145,550) $ ‐ $ 51,345
WEST NAVARRE PRIMARY SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 18 $ 105 $ (1,712) $ 1,750 $ 161 Classes/Clubs/Departments 33,183 40,382 (40,732) (718) 32,115 Trust Funds 18,094 6,815 (8,210) 505 17,204 School Store 166 ‐ ‐ ‐ 166 General 37,626 3,595 (2,963) (1,537) 36,721
TOTALS $ 89,087 $ 50,897 $ (53,617) $ ‐ $ 86,367
AVALON MIDDLE SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 24 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 28,619 $ 52,589 $ (53,024) $ ‐ $ 28,184 Classes/Clubs/Departments 105,822 84,658 (72,551) (37,588) 80,341 Trust Funds 39,758 26,371 (18,837) ‐ 47,292 General 73,193 4,071 (22,503) 37,588 92,349
TOTALS $ 247,392 $ 167,689 $ (166,915) $ ‐ $ 248,166
GULF BREEZE MIDDLE SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 25 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 700 $ 1,700 $ (2,400) $ ‐ $ ‐ Classes/Clubs/Departments 11,305 39,786 (35,891) 87 15,287 Trust Funds 14,577 10,503 (18,841) ‐ 6,239 General 10,702 11,742 (15,728) (87) 6,629
TOTALS $ 37,284 $ 63,731 $ (72,860) $ ‐ $ 28,155
HOBBS MIDDLE SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 26 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 242 $ 23,197 $ (16,486) $ ‐ $ 6,953 Classes/Clubs/Departments 14,129 95,926 (94,039) (803) 15,213 Trust Funds 2,643 3,828 (4,039) 482 2,914 School Store 356 145 (55) ‐ 446 General 807 2,838 (3,521) 321 445
TOTALS $ 18,177 $ 125,934 $ (118,140) $ ‐ $ 25,971
HOLLEY‐NAVARRE MIDDLE SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 27 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 2,009 $ 17,716 $ (15,897) $ ‐ $ 3,828 Classes/Clubs/Departments 19,975 49,237 (48,018) ‐ 21,194 Trust Funds 12,103 9,656 (12,458) ‐ 9,301 School Store 221 478 (187) ‐ 512 General 2,648 1,735 (1,438) ‐ 2,945
TOTALS $ 36,956 $ 78,822 $ (77,998) $ ‐ $ 37,780
KING MIDDLE SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 28 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 4,592 $ 94,714 $ (88,009) $ 412 $ 11,709 Classes/Clubs/Departments 41,789 122,846 (104,686) (4,362) 55,587 Trust Funds 25,094 14,561 (25,506) 3,950 18,099 General 46,068 5,249 (9,047) ‐ 42,270
TOTALS $ 117,543 $ 237,370 $ (227,248) $ ‐ $ 127,665
SIMS MIDDLE SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 29 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Music $ 32,045 $ 99,984 $ (110,872) $ (47) $ 21,110 Classes/Clubs/Departments 27,224 65,505 (56,507) (23) 36,199 Trust Funds 8,927 65,893 (59,926) (47) 14,847 School store ‐ 722 (439) ‐ 283 General 10,014 15,870 (19,104) 117 6,897
TOTALS $ 78,210 $ 247,974 $ (246,848) $ ‐ $ 79,336
WOODLAWN BEACH MIDDLE SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 30 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Athletics $ 78,731 $ 149,924 $ (144,139) $ (3,973) $ 80,543 Music 631 8,461 (6,592) (402) 2,098 Classes/Clubs/Departments 38,406 53,248 (45,903) 1,670 47,421 Trust Funds 19,611 21,840 (26,240) 2,940 18,151 School Store 454 57 (53) (350) 108 General 17,689 2,817 (3,024) 115 17,597
TOTALS $ 155,522 $ 236,347 $ (225,951) $ ‐ $ 165,918
CENTRAL SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 31 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Athletics $ 92,491 $ 456,010 $ (442,023) $ 1,933 $ 108,411 Music 433 71,865 (72,199) 3,961 4,060 Classes/Clubs/Departments 87,188 387,605 (355,661) 4,746 123,878 Trust Funds 130,517 211,505 (226,195) (3,664) 112,163 General 45,017 51,204 (62,014) (6,976) 27,231
TOTALS $ 355,646 $ 1,178,189 $ (1,158,092) $ ‐ $ 375,743
GULF BREEZE HIGH SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 32 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Athletics $ 32,249 $ 198,858 $ (200,712) $ 588 $ 30,983 Music 3,441 17,578 (15,353) ‐ 5,666 Classes/Clubs/Departments 42,225 107,216 (101,670) (350) 47,421 Trust Funds 88,022 34,300 (58,068) (212) 64,042 General 39,047 6,221 (7,633) (26) 37,609
TOTALS $ 204,984 $ 364,173 $ (383,436) $ ‐ $ 185,721
JAY HIGH SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 33 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Athletics $ 75,049 $ 372,639 $ (377,724) $ 4,785 $ 74,749 Music 24,587 257,549 (261,403) 2,263 22,996 Classes/Clubs/Departments 76,113 288,309 (272,658) (16,133) 75,631 Trust Funds 142,046 133,227 (133,130) 9,582 151,725 General 5,332 16,182 (12,637) (497) 8,380
TOTALS $ 323,127 $ 1,067,906 $ (1,057,552) $ ‐ $ 333,481
MILTON HIGH SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 34 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Athletics $ 45,966 $ 408,883 $ (377,019) $ (11,933) $ 65,897 Music 41,776 190,891 (182,371) (745) 49,551 Classes/Clubs/Departments 123,249 288,904 (306,841) (237) 105,075 Trust Funds 77,315 118,129 (126,946) 10,767 79,265 School Store 1,003 ‐ ‐ (1,003) ‐ General 731 6,652 (6,332) 3,151 4,202
TOTALS $ 290,040 $ 1,013,459 $ (999,509) $ ‐ $ 303,990
NAVARRE HIGH SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 35 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Athletics $ 96,941 $ 530,195 $ (503,385) $ 16,073 $ 139,824 Music 19,316 224,559 (214,138) (186) 29,551 Classes/Clubs/Departments 151,894 452,087 (465,860) 1,694 139,815 Trust Funds 157,329 206,337 (198,541) (15,184) 149,941 General 19,111 38,597 (21,828) (2,397) 33,483
TOTALS $ 444,591 $ 1,451,775 $ (1,403,752) $ ‐ $ 492,614
PACE HIGH SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 36 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Classes/Clubs/Departments $ ‐ $ 505 $ ‐ $ ‐ $ 505 Trust Funds 3,769 3,150 (2,134) ‐ 4,785 General 325 3 ‐ ‐ 328
TOTALS $ 4,094 $ 3,658 $ (2,134) $ ‐ $ 5,618
E. S. E. INTERNAL FUND
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 37 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Classes/Clubs/Departments $ 35,945 $ 452,571 $ (61,656) $ (379,473) $ 47,387 Trust Funds 22,359 375,317 (749,475) 379,579 27,780 School Store 5,922 44,242 (49,906) 543 801 General 6,088 301 (588) (649) 5,152
TOTALS $ 70,314 $ 872,431 $ (861,625) $ ‐ $ 81,120
LOCKLIN TECHNICAL CENTER
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
‐ 38 ‐
Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Classes/Clubs/Departments $ 26,160 $ 5,553 $ (14,479) $ 1,000 $ 18,234 Trust Funds 28,383 30,495 (27,054) (1,900) 29,924 School Store 3,759 210 (49) ‐ 3,920 General 2 400 (302) 900 1,000
TOTALS $ 58,304 $ 36,658 $ (41,884) $ ‐ $ 53,078
SANTA ROSA ADULT SCHOOL
Santa Rosa County District School Board School Internal Funds
Schedule of Cash Receipts and Disbursements
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Cash and Cash andInvestments Net Investments
July 1, 2016 Receipts Disbursements Transfers June 30, 2017
Classes/Clubs/Departments $ 68 $ ‐ $ ‐ $ (64) $ 4 Trust Funds 664 2,270 (2,329) 364 969 General 18,371 2,843 (3,544) (300) 17,370
TOTALS $ 19,103 $ 5,113 $ (5,873) $ ‐ $ 18,343
T. R. JACKSON PRE‐K CENTER
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INDEPENDENT AUDITOR’S REPORT 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 To the Santa Rosa County District School Board and Tim Wyrosdick, Superintendent of Schools Milton, Florida We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the Statement of Fiduciary Net Position of the Santa Rosa County District School Board School Internal Funds (hereinafter referred to as the “District”) as of June 30, 2017, and the related notes to the financial statement, which collectively comprise the District's basic financial statements, and have issued our report thereon dated October 26, 2017. Internal Control Over Financial Reporting In planning and performing our audit of the financial statement, 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 opinion on the financial statement, 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. Our consideration of the 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.
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Compliance and Other Matters As part of obtaining reasonable assurance about whether the District's financial statement is free from 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 results of that testing, and not to provide an opinion on the effectiveness of the District’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 District’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
CARR, RIGGS & INGRAM, LLC Miramar Beach, Florida October 26, 2017
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MANAGEMENT LETTER
To the Santa Rosa County District School Board and Tim Wyrosdick, Superintendent of Schools Milton, Florida Report on the Financial Statements We have audited the Statement of Fiduciary Net Position of the Santa Rosa County District School Board's School Internal Funds ("District") as of June 30, 2017, and have issued our report thereon dated October 26, 2017. Auditor’s Responsibility We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.800, Rules of the Auditor General. Other Reporting Requirements We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and our Independent Accountant's Report in accordance with Chapter 10.800, Rules of the Auditor General. Disclosures in those reports which are dated October 26, 2017, should be considered in conjunction with this management letter. Prior Audit Findings Section 10.804(1)(f)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. Corrective actions have been taken to address findings and recommendations made in the preceding financial audit report. Financial Condition and Management Section 10.804(1)(f)2., Rules of the Auditor General, requires us to communicate whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and identification of the specific condition(s) met. In connection with our audit, we determined that the District did not meet any of the conditions described in Section 218.503(1), Florida Statutes.
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Pursuant to Sections 10.804(1)(f)5.a. and 10.805(7), Rules of the Auditor General, we applied financial condition assessment procedures for the District. It is management’s responsibility to monitor the District’s financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. Section 10.804(1)(f)3., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations. Transparency Section 10.804(1)(f)6., Rules of the Auditor General, requires that we communicate the results of our determination as to whether the District maintains on its web site the information specified in Section 1011.035, Florida Statutes. (Section 1011.035, Florida Statutes, provides that district school boards shall prominently post on their Web site a plain language version of each proposed, tentative, and official budget that describes each budget item in terms that are easily understandable to the public). In connection with our audit, we determined that the District maintained on its web site the information specified in Section 1011.035, Florida Statutes. Additional Matters Section 10.804(1)(f)4., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or abuse, that has occurred, or is likely to have occurred, that has an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not have any such findings. Purpose of this Letter Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the District School Board members, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.
CARR, RIGGS & INGRAM, LLC Miramar Beach, Florida October 26, 2017
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INDEPENDENT ACCOUNTANT'S REPORT To the Santa Rosa County District School Board and Tim Wyrosdick, Superintendent of Schools Milton, Florida We have examined Santa Rosa County District School Board's School Internal Funds' (“District’s”) compliance with the requirements of Section 218.415, Florida Statutes, Local Government Investment Policies, during the year ended June 30, 2017. Management of the District is responsible for District’s compliance with the specified requirements. Our responsibility is to express an opinion on the District’s compliance with the specified requirements based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced above. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements. In our opinion, the District complied, in all material respects, with the aforementioned requirements during the year ended June 30, 2017. This report is intended solely for the information and use of the District School Board, management and the State of Florida Auditor General and is not intended to be and should not be used by anyone other than these specified parties.
CARR, RIGGS & INGRAM, LLC Miramar Beach, Florida October 26, 2017