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Man@gerne4it's Discussionand. g0alysisYear Ended June 30. 2015
= MJefferson CoiPublic Sdh
Shaping the Future
Introduction
Our discussion and analysis of the Board of Education of Jefferson County, Kentucky (the "District") financial performance provides an overview of the District's financialactivities for the fiscal year ended June 30, 2015. The intent of this Management's Discussion and Analysis ("MD&A") is to look at the District's financial performance as awhole. It should be read in conjunction with the District's financial statements.
Financial Highltghts
Serving over 100,000 students, the District is the largest in Kentucky and the 28th largest in the United States. We maintain 156 schools and education centers: 89 elementary,23 middle, 18 igh, 10 special education, and 16 others. The financial position of the District remains strong and stable w'th an operating budget of $1.4 billion.
The District maintains its focus on student achievement. Our students and teachers continue to win awards and reach new goals in numerous academic areas. The student-teacher ratio in elementary schools was 16.2 to 1, middle schools 16.8 to 1, and high schools 16.7 to 1.
2014-15 2013-14 Change 2014-15 2013-14 Change
Couege scholarships earnedStudents t?g AP testsNumber of tests taken
AP scores eamig college credit
$172 million
6,308
9,77747.O%
$145 million
5,635
8,875
49.O%
18.6%
11.9%
10.2%
-4.1%
Nurnber of teachers
Teachers w'th Master's Degree or higherNational Board Certified Teachers
Student daily attendance rate
6,65382%
380
94.0%
6,63084%
330
94.3%
0.3%
-2.4o/o
15.2%
-0.3%
On the District-wide financial statements, the assets of the District exceeded liabilities by $149. 7 million. The District's total net position increased by $5 .0 million for the fiscalyear ended June 30, 2015. The District's govermnental funds financial statements reported combined ending fund balance of $223.6 million. Of this total, $57.8 million isunassigned in the general fund. However, due to economic uncertainty, along with the needs of specific instmctional priorities, it is necessary to maintain adequate fund balanceto support these initiatives.
Overview of the Financial Statements
The annual report contains:
Management's Discussion and Analysis ("A4D&A")District-wide financial statements and fund financial statements
Notes to Financial Statements
Other required supplementary information, including statements for nonmajor governmental and fiduciary funds
Maiia=ement's DiscussioiiMalqagemell?and AnalysisYear Ended June 30 2015
? MJeffersonPublic Si
Shaping the Future
This amiual report consists of a series of financial statements. The District-wide statements, the Statement of Net Position and the Statement of Activities, provide an overvievvof the District's finances. The fund financial statements and govermnental activities statements tell how these services were financed in the short term, as well as, what remainsfor future spending. The fund financial statements also report the District's operations in more detail than the District-wide financial statements by providing information aboutthe District' s most significant funds. The remaining statements provide financial information about activities for which the District acts solely as a trustee or agent for the benefitof those outside of the District.
Reporting the District as a Whole
The Statement of Net Position and the Statement of Activities
Our analysis of the District as a whole begins with the District-wide financial statements. One of the most imporkant questions raised about the District's finances is whetherthe District as a whole is better off or worse off as a result of the year's activities. The Statement of Net Position and the Statement of Activities repork information about theDistrict as a whole and about its activities in a way that helps answer this question. These statements include all assets and liabilities using the accmal basis of accounting, whichis similar to the accounting used by most private-sector organizations. All of the current year' s revenues and expenses are taken into account regardless of when cash is receivedor paid.
These two statements report the District's net position and changes in them. The District's net position, the difference between assets and liabilities, are one way to measure itsfinancial health. Increases or decreases in the District's net position are one indicator of whether its financial health is improving or deteriorating.
To evaluate the District's overall health, revievv other non-financial factors, such as changes in the District's property tax base and the condition of the District's school buildingsand other physical assets.
The District-wide financial statements are divided into two categories:
* Governmental activities: Most of the District's basic services are reported here, including instruction, student support services, instructional staff support services,administrative support services, school administrative support services, business support services, transportation, and plant operations and maintenance. Property taxes,occupational taxes, the Commonwealth's Support Education Excellence in Kentucky ("SEEK"), other Commonwealth support, and state and federal grants finance mostof these activities.
* Business-type activities: School Food SenAces, Adult Education Lifelong Learning Courses, Tuition-based Pre-School, fee-based Day Care, and the Challenger CenterFlight Simulator Enterprise Program are considered as business-type activities of the District. A fee is charged for these activities to assist the District in covering thecost of these services; therefore, they are classified as business-type activities.
s
Mana=ement's DiscussionMaltagiand An.alysisYear Ended June 30 2015
F?a?PiA>lic Si
Shaping the Future
Reporting the District's Most Significant Funds
Fund Financial Statements
Our analysis of the District's major funds provides detailed information about the most significant funds-not the District as a whole. Some funds are required to be establishedby State law and bond covenants. However, other funds are established as needed to help control and manage money for particular purposes or to show that it is meeting legalresponsibilities for using certain taxes, grants, and other money (for example, grants received from the federal and state govermnents). The District's two kinds of funds,governmental and proprietary, use different accounting approaches. The District also uses fiduciary funds, which are separate funds from the governmental and proprietaryfunds described above. These funds :me not included in the District-wide financial statements, but are described below.
Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the District-wide and fund financial statements.
Governmental funds: Most of the District' s basic activities are reported in governmental funds, which focus on how money flows into and out of those funds and the balancesleft at year-end that are available for spending. These funds are reported using accounting methods called modified accrual accounting, which measiu'es cash and all otherfinancial assets that can readily be converted to cash. The govermnental fund statements provide a detailed short-term view of the District's general government operations andthe services it provides. Governmental fund information helps you determine whether there are more or fewer financial resources that can be spent in the near future to financethe District's programs. We describe the relationship (or differences) between the governmental activities (reported in the District-wide Statement of Net Position and Statementof Activities) and governmental funds in a reconciliation following the fund financial statements.
Proprietary funds: When the District charges students or parents for the services it provides, these services are generally reported in proprietary funds. Proprietary funds arereported in the same way that all activities are reported in the District-wide Statement of Net Position and Statement of Activities. In fact, the District's proprietary funds arethe same as the business-type activities we reported in the District-wide financial statements but provide more detail and additional information, such as cash flows, for proprietaryfunds.
Fiduciary funds: Fiduciary funds are used to account for resources held for the benefit of parties outside the District. These fiinds are not reflected in the District-wide financialstatements because the resources of these funds are not available to support the District's own activities or pro@ams. The basis of accounting for fiduciary funds is similar tothat of proprietmy funds.
6
Maiiasement's Discussioii+viaiiagiand An.alysisYear Ended June 30 2015
?M ,JeffersonPublic Sr:th
Shaping the Future
The District as a Whole
The following is a summary of the District's net position:GovemmentalActffihies
2015 2014
Currentandotherassets $ 328,218,792 $ 354,484869
Capkalasse(s,netofdepreciation,andcons(mctioiiinpiogress 678,901262 663,085.232
TotalAssets 4007,120,054 1017,567,Dl
Deferred Outflows 33,301465 290,707,238
Shoit-term liab+lmies 136,691645 141322,0880(her]iabaies 738,830,321 496,336,134
To ta l Lia bilitie s 875,521966 637,658,222
Deferred Inflows 35,282,059
NetPoskion
kivestedicaptralassets,netofielateddebt
Restricted
Unrestr'c(ed
Total Net Position
255,725,3]9 256,413,828 16,825,680
78,544,164 73,11127
(204,65 1989) (239,942,390) 2,351547
$ 129,617,494 $ 89,642,565 $ 19,177,227
Busiess-tye Activmies2015 2014
$ 10,200,827 $ .11251728
21,!03,761 22,000,938
31404,588 33,252,666
969,364 1028,[4
1300,906 1328,306
11,036,644 4,378y08?
12,337,550 5,706,387
859,175
16,617,456
11,956,937
$ 28,574,393
2015
$ 338,419,6]9
700,105,023
4038,524,642
34,270,829
137,992,551
749,866,965
887,859,516
36,141234
272,550,999
78,544,164
(202,300,442)
$ 148,794,721
Total
2014
$ 365,733,597
685i086170
i,oso,s 19,767
291735,352
142,650,394
500,714,215
643,364,609
273,03 1284
73,?71,127
(227.985,453)
$ 118,216,958
7
Maiia=ement's DiscussioiiMaltagemen{and An?alysisYear Erwjed Jurm 30 2015
?ra? .JeffersmPt?blic Si
Shaping the Future
The following is a surmnary of the District's changes in net position:
Govemmen(alAct#hffis
2015 2014
Busiess-(@e Actffi#ies2015 :iox 2015
Total
21W
Revenues
ProgmmrevenuesCharges forservLe
Opem(% gmn(s &contributions
Generalrevenues
Localtaxes
Sta(e sources
Other
Total Revenues
ExpensesSchoolopemtion &admmistrationSchoolfood sennces
Otherbusiness-type actMl*shiterest on debt service
TotalExpenses
Change in net position
Governmental Activities
$ 586,509
107,749,095
587,030,439
588,622,050
11629,986
1295,618,079
4273,690,610
16,244,178
1289,934,788
$ 5,683,291
$ 902,489
111648,818
567,698,286
466,864,796
14696,048
1158,810,437
1133,89641)4
14,825,786
lJ48,72?890
$ 10,088,547
$ 7,120,266
53,716,102
3,132J42
63,968,510
$ 9,299,977
45,615,744
:iio:is,eiob
57,954,327
$ 7,706,775
161465,197
587,030,439
588,622.050
W,762,128
1359,586,589
62,583,212
1932,405
W0,835
64,656,452
$ (687,9421 $
1273,690,610
57,760,670 62,583,212
2,OK),466 1932,405
180,221 16,385,013
59,951357 1354,594240
(1997,030) $ 4,995,349
$ 10,202,466
157,264,562
567,698,286
466,864,796
14,734,654
12 ?6,764,764
1133,896,D4
57,760,670
2,0?0,466
15,006,007
1208,673;247
$ 8,091517
The revenues in the govermnental funds increased by $136.8 million. Most of this increase was from an accounting change further described in Note M, causing other staterevenues to increase $123 million over the prior year. An increase in real estate property tax rates resulted in an increase in total tax collections for the fiscal year ending June30, 2015 of $9.1 million, while the improving economy resulted in occupational taxes increasing $7.3 million.
Expenses in governmental activities increased by $141.1 million. The maj ority of this increase was due to adding pension expense as required by an accounting change describedin Note M. Additionally, instmction expenses increased as a result of salary increases and increased cost of fringe benefits, most notably pensions.
8
Maiiaeement's Discussioiilvlanagtand AllYeat Ended June 30 2015
alysis ?M .?Public S(
Shaping the Future
The following schedule provides a comparison of the District-wide revenues for governmental activities for the current and previous years:Rewnues 2015 2014 Ch an ge
Local Sources :
PropertyTaxes $ 397,722,644
OccupationalTaxes 139,825,242
OtherTaxes . 49,482,553State Sources:
SEEKProgram 277,043,057
Other State Revenues and Grants 311,578,993
KSFCCauocation 8,171,637
Grants(federalandlocal) 99,577,458
Interest 1,389,755
OtherSources 10,826,740
TotalRewnues $ 1,295,618,079
$ 388,628,855
132,569,312
46,500,119
270,658,773
196,206,023
7,638,789
104,010,029
1,663,952
10,934,585
$ 1,158,810,437
$ 9,093,789
7,255,9302,982,434
6,384,284
115,372,970
532,848
(4,432,571)
(274,197)
(107,845)
$ 136,807,642
% (Ihange
2.3%
5.5%
6.4%
2.4%
58.8%
7.O%
-4.3%
-16.5%
-l.0%
1 1.8%
Revenue Sources
[:l Grants - Federal and Local -7.7%7.7oA
N SEEK Program - 21 .4%
30.7o/.':>q qnril.Q-lo [] Other State Revenues and Grants -
24. 7%
[J Occupational Taxes - 1 0.8%
W Other Lool Taxes - 4.8%
lO.El%24.7%
[:l Property Taxes - 30.7%
9
Mana:ement's Discussioiiivtanagiarid An.,alysisYeat Ended June 30 2015
>un KFkU t? .Jefferson Cmi
Public Sdh
Shaping the Future
The following summary is a comparison of total District-wide expenses for governmental activities:
2015 2014 Chanp ChanpExpenses
Instmction
Student support services
Instmctional staff support services
Distrid administrative support services
School administrative support services
Business support services
Plant operations and maintenance
Transportation
Coimnunity services
Other instrudional support servicesMiscellaneous
Interest
$ 729,319,975
60,064,328
133,254,466
7,711,286
94,277,648
33,236,652
108,222,195
87,973,527
16,012,870
34,945
466,078
16,244,178
$ 633,177,394
50,729,048
118,955,171
6,972,822
84,150,967
38,844,491
103,975,188
84,374,237
9,134,416
10,000
553,066
14,825,786
$ 96,142,581
9,335,280
14,299,295
738,464
10,126,681
(5,607,839)
4,247,007
3,599,290
6,878,454
24,945
(86,988)
1,418,392
15.2%
18.4%
12.O%
10.6%
12.0%
A4.4%
4.l%
4.3oA
75.3%
249.4%
-15.7%
9.6%
Total Expenditures $1,286,818,148 $1,145,702,586 $ 141,115,562 12.3%
2.5%
/?0.0/O
Expense Categories
2.6%
0.6%.
56.7%
22.4%
10
W Instmction - 56.7%
N School-based support - 22.4%
[] District administration - 0.6%
[:l Business services - 2.6%
N Plant operations and maintenance -8.4%
0 Transportation - 6.8%
N Miscellaneous - 2.5%
Maiiaxement's DiscussioiiMalqagiand An.alysisYear Ended June 30 2015 Shaping the Future
Business-type Activities
Operating revenue of the District's business-type activities decreased $2 .2 million. School Food Service revenue decreased $2.1 million, as the District implemented communityeligibility, a program where entire schools in areas over a certain percent of impoverished students may receive free meals. This reduction in operating revenues was offset byadditional federal grants funding the program. Adult Education, Tuition Preschool, and Daycare Operations revenues remained stable. Enterprise Programs revenues increased$.1 million as additional programs were added to this fund.
General Fund Budgetary HigMghts and Future Budgetary Impucations
The District's Draff Budget is presented to the members of the Board of Education by January 31 each year, followed by a Tentative (Original) Budget by May 30, and, oncethe members of the Board of Education approve tax rates in September, the Working (Final) Budget is submitted to the Kentucky Department of Education by September 30.
General Fund revenues were $8.3 million over budget, while expenditures vvere $110.4 million under budget. Revenues exceeded budget due to a significant increase in on-behalf payments related to the Kentucky Teachers Retirement System in excess of funds budgeted for this purpose. Instruction expenses and plant operations and maintenanceexpenses fell short of budget as a result of budgeted positions that became vacant for part of the year, school funds that are permitted to carry forward to the subsequent schoolyear, and some operational expenses where the District over-budgeted due to refunds or lower-than-expected cost of operations. As a whole, our General Fund decreased fundbalance by $.7 million. As discussed further in the T .ocal Fconomic Outlook section on page 14, the local economy is in a period of slow growth.
Our Constmction Fund experienced a $14.9 million decrease during the year. Tbis was due to prior year bond proceeds being spent on 2014-2015 constmction projects. BuildingFund decreased $6 million during the year as funds were used for planned constmction projects. On whole, our Construction Fund and Building Fund are well stmctured forfuture capital needs. We anticipate our revenue stream remaining stable for routine activities into the future.
In accordance with the requirements of Govermnental Accounting Standards Board Statement number 68, Accounting and Reportingfor Pensions, the District has recorded itsproportionate share of certain financial factors of the pensions in which its employees participate. These factors include certain inflows and outflows of funds wich 'w'll beamortized over future years and net pension liability. The very nature of the net pension liability indicates that these pensions have not been fully funded, whether by employeecontributions, employer contributions, or investment earnings. Although the District has always paid its entire contribution based on rates determined by each pension and muchof the responsibility falls on the state, the need to shore up these pensions may become a factor in future employer match rates or state funding.
11
Maiiaeement's DiscussioiiManagtand An.Year Ended Jura 30 2015
,alysisJefferson (,ounty
Public Sdxx*/?
Shaping the Future
Capital Assets and Debt Adniinistration
Capital Assets
At the end of June 30, 2015, the District's investment in capital assets for its governmental and business-type activities was $700.1 million, representing an increase of $15million (net of depreciation), as shown in the following tables:
Gowrnrnental activities :
Lind
Land improvemen?sBuildings and impmvernentsTechnologyBuses and vehicles
Fumiture, fixtures and other
Constmction in progress
Total
Less : accumulated depreciation
Govemrnental assets net of depreciation
June 30, 2015
$ 29,266,802
38,805,380
1,137,212,567
90,054,340
97,075,127
53,998,827
23,255,056
1,469,668,099
790,766,837
$ 678,901,262
June 30, 2014
$ 29,023,021
36,998,200
1,105,393,391
87,507,927
94,766,249
50,013,957
8,871,511
1,412,574,256
749,489,024
$ 663,085,232
Percent Change
0.8%
4.9%
2.9%
2.9%
2.4%
8.O%
162.1%
4.O%
5.5%
2.4%
Constmction in progress increased significantly as we continued major HVAC renovations including Southern High School, Fern Creek High School, Liberty High School,Dunn Elementary, Field Elementary, and Lowe Elementary.
12
Maiia=ement's Discussioii+viaiiagiand An,alysisveat Ended Jun0 30 2015
?rM ,JeffersmPublic Sd
Shaping the Ftgture
June 30, 2015 June 30, 2014 Percent Change
Business-type actiwties:Lind
Land improvementsBuildings and improvementsTechnologyBuses and vehicles
Fumiture, fixtures and other
$ 1,000,000
4,745
17,085,604
798,691
1,990,747
27,291,595
$ 1,000,000
4,745
17,067,854
830,439
1,891,985
26,656,997
0.l%
-3.8%
5.2%
2.4%
Total
Less : accumulated depreciation
48,171,38226,967,621
47,452,02025,451,082
1.5%
6.O%
Business-type assets net of depreciation $ 21,203,761 $ 22,000,938 -3.6%
Total Capital Assets Govemmentaland Business-type activities $ 700,105,023 $ 685,086,170 2.2%
Business-type activities Technology equipment had increased during the year ended June 30, 2013 as School Food Services had completed a major upgrade of its technologyequipment due to a new point of sale system. These newer technology assets reduced our need for additions in the current year and are being depreciated in excess of assetreplacement. Additionally, School Food Services purchased new refrigerated delivery trucks.
District facility persomiel develop a long-range facility plan through evaluation of every building, identification of appropriate renovations, and analysis of demographic censusto determine future growth needs. All findings are shared with each school for review by staff, SBDM councils and PTA. Adjustments are made to the plan after the reviews.The long-range facili ty plan details the unmet needs for the District for the next four years. The plan is submitted to the Kentucky Department of Education for approval. AtJune 30, 2015, the iu'imet needs for the District totaled an estimated cost of $826.9 million.
Funding for these needs is typically provided from the General Fund, Constmction Fund or through Bond issues. Bond issues are paid with Building Funds (local s-cent propertytax), State Capital Outlay funds at $100 per student or the Kentucky State Facility Constmction Commission ("KSFCC") funds. To ensure continued academic success for ourstudents, we must provide a learning environment that is safe, functional, inviting and well-maintained.
Additional information on the District's capital assets can be foiu'id in Note D of this report. Information concerning bonds and long-term liabilities is in Note F of this report.
Debt Service Fund
At year-end, the District had approximately !5447.7 million in outstanding debt, compared to $463 .2 million last year. The District continues to maintain favorable debt ratingsfrom Moody's and Standard & Poor's.
13
Maiia:ement's DiscussionlVlaliagemen{and? An?alysisYear Endsxj June 30. 2015
?r MJeffersonPublic S(
Shaping the Future
Local Economic Outlook
The District is enj oying a period of gyowth in our economy-driven revenues, such as a 5.5% increase in occupational license taxes which are based on net profits and salariespaid witbin our jurisdiction, and a 4.9% increase in property valuations. Louisville maintains some resiliency by being a regional hub of many companies or industries. hiherentstrength can be found in the balance among the educational, health and social services, manufachu'ing, professional services, retail trade, tourism, insurance, and transportationsectors. Recently, Ford has completed a $600 million investment at one of their Louisville plants adding 1,800 jobs svhere they build the Escape. Additionally, Arnazon.comis opening a distribution center, an extensive theme park has opened, and two additional Ohio River bridges are being constructed, which will bring investment and additionaljobs to the area. This future growth is critical as Jefferson County's unemployment rate remains high at 6.8% as of June 2015, slightly below the state rate of 7.4% and abovethe national unemployment rate of 6.1% as of June 2015 according to the Labor Market Statistics provided by the Local Area Unemployment Statistics Program. JeffersonCounty property valuation assessments have shown 1 .3% growth for the 2014-2015 school year, continuing to grow for the third consecutive year since the downtum.
Jefferson County's central location, extensive transportation network and quality of life are factors in attracting and maintaining a healthy business community. Recently,Louisville was named one of the top ten New Brainpower Cities in Arnerica by Newgeography.com, a top-twenty market with economic momentum by Forbes.com, ranked inthe top Best Bank for Buck Cities by Forbes, named one of the ten "best large meh:o areas for homeownership" by NerdWallet, and named a "City to Watch" in the SmarterCities environmental survey. Additionally, our quality of life is demonstrated by being named among one of "America's safest cities for families with small children" byUnderwriters Laboratories Inc., "Best Foodie Getaways around the World" by Zagat, the fourth most "Photo-Friendly" city in America by Popular Photography Magazine, theUnited States' 40' most literate city by Central Connecticut State University, one of the top 25 "Bicycle-Friendly Cities" by Bicycling Magazine, and one of the "Most LivableU.S. Cities for Workers" by WomenCo.com.
Metro Louisville has many initiatives designed to increase the quality of life and stimulate the business environment. Having declared Louisville 'the City of Parks," MeboLouisville has embarked on an initiative to encircle the city with a continuous loop of hiking trails, and maintain its three Olmstead parks, 85-acre Waterfront Park and JeffersonMemorial Forest, the largest urban forest in the United States. Metro Louisville is also working to hire more police officers, and increase communication systems for its police,fire and emergency medical systems. Metro Louisville is assisting its fastest growing companies through Pro3ect High Impact, which assists these companies with various needssuch as hiring, real estate, and incentives, and is working on numerous economic development, housing, library expansion, and drainage and maintenance projects.
Overall, with many local and national businesses expanding their footprint in Jefferson County and excellent quality of life, Jefferson County's economy has the stabilitynecessary to minimize the impact of economic downtums.
Contacting the Jefferson County Board of Education Management
This financial report is designed to provide a general overview of the finances of the Jefferson County Board of Education and to show management's accountability for thesefunds. If you have questions about tis report or need additional information, contact the Chief Financial Officerffreasurer of the Jefferson County Board of Education, P. 0.Box 34020, Louisville, Kentucky 40232-4020.
14
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Balance Sheet - Governmental Funds
Board of Education of Jeffers on County, Kenhicky
June 30, 2015
General
Fund
Grants &
Awards
Fund
Construction
Fund
Total NomnajorGovernmental
Funds
Total
Governmental
Funds
Assets
Cash and cash equivalentsInvestments
Accounts and grmits receivable
Prep aid exp endituresInventories
Due from othcr funds
$ 174,018,131 $ 35,527,166
68,082,870
20,003,614 $ 17,634,842 73,198
4,203,103
3,704,679
36,713,088 22,661,025 68,990,115 $
TotalAssets $ 306,725,485 $ 40,295,867 $ 104,590,479 $
$ 209,545,297
68,082,870
37,711,654
4,203,1033,704,679
874,130 129,238,358
874,130 $ 452,485,961
Ijabilities
Accrued liabilities
Due to other funds
Total Ijabilities
$ 94,525,213 $ 969,996 $
92,992,391 28,705,723
187,517,604 29,675,719
9,066,826 $
2,569,055
11,635,881
18,677 $ 104,580,712
124,267,169
228,847,88118,677
Continued
17
Balance Sheet - Govermnental Funds-Continued
Board of Education of Jefferson County, Kenhicky
June 30, 2015
General
Fund
Grants & Awards
Fund
Constmction
Fund
Total NonmajorGovemmental
Funds
Total
Governmental
Funds
Fund Balances
NonspendableRestricted
Committed
AssignedUnassigned
7,907,782
36,000,000
17,456,000
57,844,099
10,620,148 92,954,598 855,453
7,907,782
104,430,199
36,000,000
17,456,000
57,844,099
Total Fund Balances 119,207,881 10,620,148 92,954,598 855,453 223,638,080
Total Ijabilities and
FundBalances $ 306,725,485 $ 40,295,867 $ 104,590,479 $ 874,130 $ 452,485,961
Reconciliation of Total Governmental Fund Balance to Net Position of Governmental Activities
Total Govemmental Fund Balances
Amoums reported for governmental activities in the statemmt of net assets are different because:Capital assets are not financial rcsourccs and are not reported in the fund financial statements.Bonds are noncurrent liabilities and are excluded from the fund financial statements.
Savingp from refunding bonds are not current and are not rep orted in the fund financial statements.Long-term workers compensation liability is noncurrent and is excluded from the fund financial statements.Long-term vacation pay liability is noncurrent and is excluded from the fund financial statements.Long-temi sick leave liability is noncurrent and is excluded from the fund financial statements.Bond Merest payable is a noncurrent liability and is excluded from the fund financial statements.Net p ension liability is noncurrent and is excluded from the fund financial statements.Deferred outflows from p ension contributions after measurement date are excluded from the fund financial statements.Deferred inflows from dMerences between projected mid actual p ension earnings are excluded trom the tund statements.
$ 223,638,080
678,901,262
(443,295,919)
(5,766,059)
(19,793,836)
(6,370,149)
(40,879,980)
(3,879,278)
(256,722,092)
33,301,465
(29,516,000)
Net Position of Governmental Activities $ 129,617,494
See Notes to Financial Statements
18
S tatement ofReve nue s , Expendhure s a nd Cha nges ;rn Fund Balanc es- Govemmen(alFunds
Board of Education of Jefferson County, Kentucky
YearEndedJune 30,2015
Geneml
Fund
Gmnts&
Awa rd s
Fund
Cons(mction
Fund
TotalNonmajorGovemmental
Funds
Total
Govemmental
Funds
Revenues
Localsoui?es
Propeny(axesOccupaiional(axes0 th e r ta xe s
Grants from localagencies and donors
$ 365,574,681139,825,24249,482,553
$ 8,435,955
$ 32,147,963 $ 397,722,644139,825,24249,482,553
8,435,955
S(a(e sources
SEEKpmgmmOtherstate revenues
KSFCC allocation
267,901,401
187,441,090 34,228,8089,141,656
8,171,637
277,043,057
221,669,898
8,171,637
Gmnts fromthe Unijed S(ates government 91,141,503 91,141,503
iteies}
Othersources
1,151,761
7,634,870
3,252
2,950
$ 234,742
489,649 3,527,4621,389,755
11,654,931
TotalRevenues 1,019,011,598 133,812,468 724,391 52,988,718 1,206,537,175
Expe nditure skistmction
Studentsuppoitservices ,kistmc(ionalstaffsupponservicesDistrictadmiishat#e supponservicesSchooladministiative suppoffservicesBusiness suppoitservicesPlant opemtions and mai(enanceTm n s p o rta tio nCommunityservicesOtherinstnictionalsuppoitservicesBuflding renova(ionsO(her
Debtserice
P*c:alkiteres(
553,492,618
50,170,141
93,493,757
3,987,782
86,582,157
38,77?,374
107,531,470
76,919,959
2,540,172
27,404
886,842
18,892
72,605,803
3,728,451
43,102,030
86,339
124,654
1,353,317
299,232
3,895,603
7,245,627
96,499
3,009,041
46,146,672
447,?86
104,204
3,737
29,914,485
16,034,197
626,202,625
53,898,592
136,595,787
4,074,12?
86,706,811
40,124,691
10 7 ,8 3 4 ,4 3 9
80,815,562
9,785,799
27,404
47,130,013
3,475,119
29,914,485
16,034,197
TotalExpenditures 1,014,422,568 135,546,596 46,593,858 46,056,623 1,242,619,645
19Continued
Statemem ofFlevenues, Expendkures and Changes in Fund Bahnces
- GovemmentalFunds--Contiued
Board of Education of Jefferson County, Kenhicky
YearHndedJune 30,2015
Geneml
Fund
Gmnts&
Awards
Fund
Cons(mc(in
Fund
TotalNonmajorGovemmental
Funds
Total
Govemmental
Funds
Revenues in F.xcess of
(Less Than) F.xpenditures 4,589,030 (1,734,128) (45,869,467) 6,932,095 (36,082,470)
OtherFinancing Sources (Uses)Proceeds ofrevenue refiindmg bondsRe fund% schoolbuildjng revenue bondsPmceeds ofschoolbui!jig revenue bondsPremtums on bonds sokl
Discoun(s on bonds sokl
TransferstoPioprie(aryFundsTmnsfeisi
Tmnsfem ou(
(3,118,393)
(2,343,316)
1,753
2,343,316
57,915,000
(57,915,000)16,465,000
6,797,556
(4,6 16,706)
15,964,380
(3,603,567)
35,173,067
(47,533,880)
57,9 15,000
(57,915,000)16,465,0006,797,556
(4,6 16,706)(3,116,640)
53,480,763
(53,480,763)
Total0therFinancingSources (Uses) (5,461,709) 2i345i069 3 1,006,663 (12,360,8 13i 15,529,210
Net Change in Fund Balances (872,679) 610,941 (14,862,804) (5,428,718) (20,553,260)
Fund Balances, Beginning of Year 120,080,560 10.009,207 107,817,402 6,284,171 244191,340
FundBalances,F.ndofYear $ 119,207,881 $ 10,620,148 $ 92,954,598 $ 855,453 $ 223,638,080
Reconciliation of the Stateme nt of Revenues, F.xpenditures and Changes in Fund Balancesof Gove rnmental Funds to the S tatement of Ac tivities
Net Change m Fund Ba Ia nce s - Tota lGove rome nta lFundsA mounts reporte d forgove mmentalac ttvirts : rh e sta Iemenr of acttvities are cHffere nt be cause
Addhions to c apka la ssets c apha lize d on distnc (- wMe s(a(eme nt ofnet posnion.Disposkins ofcapkkalassets are reflec(ed on (he skakement ofachvkis.Cap'nalassei use is expensed as depreciaiin on the statement ofactffihies.Bond pric ialpayme nts a re rec orde d a s a reduc (ion ofa ha bay on the state me nt ofnet posffion.Bonds issued are capkalmed on the s(atemen( ofnetposkmn.Cap#a Uze d savjngs from bond re fundigs must be amonme d ove rihe re ma mig Me ofthe bonds.hisumnce expenses to be paM i fumie years are reflected on the siatemem ofneipostjon.Bond interest payabb is reflec(ed on (he fiuuaccmalbasis on the s(atemen( ofnetpos#jon.Long-termworkers c ompensatin &bMy mcreased on the district-wide financmlstatemen(s.Long- te rm va c anon paya ble de ci? a se d on the dist* t-wMe fina nc ialstate ments.Long-term sick )eave payab)e decreased on the dffit*(-wide financialstatements.Pension expense rep+sents the cos( ofprovMtng hng-(erm beneis on the s(aiemem ofactmkffi s.The pension e xpe nse forKTRS is e nti b) the re sponsfltfliky ofthe Commonwe a kh ofKenmc kyP roraefe rre d outfkiws from c omributions afte rme a suremen( da{e a re on the dis(ri (-wide s!ate me nt ofne( pos#jon.
$ (20,553,260)
75,148,659
(9,140,023)(50,192,606)29,9 {4,485
(15,378,885)
(5,986,521)297,662
(209,981)853,216
191,466
(2,5 19,432)(119,952,049)89,909,09533,301,465
Change in Net Positio n of Gove rnme ntalAc tivities 20 $ 5,683,291
See No(es to the FiancialStatemen(s
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Notes to FinaiicialStatementsYeat Ended June 30 2015 Shaping the Future
Note A- Summary of Significant Accounting Poucies
Reporting Entity-The Board of Education of Jefferson County, Kentucky (the "District") is established under and governed by the Kentucky School Laws and maintairisa system of schools primarily for kindergarken through twelfth gyade, but also including pre-school, vocational and adult education. The District is a school district of theCommonwealth of Kentucky having boundaries coterminous with the boundaries of Jefferson County, excluding the City of Anchorage.
The accompanying financial statements include all funds and activities of the District, including the Jefferson County School Board Finance Corporation (the "Corporation"),a non-stock, not-for-profit Corporation. The Corporation was created to act as an agency in the acquisition and financing of any capital project which may be undertakenby the District. Accounts of the Corporation are included in the financial statements as a capital projects fund.
The District is not includable as a component unit within another reporting entity. Board members are elected by the public and have decision-making authority, the powerto designate management, the responsibility to develop policies which may influence operations and primary accountability for fiscal matters.
Accounting Standards-The financial statements of the District have been prepared in conformity with generally accepted accounting principles ("GAAP") as applied togovernment units. The Govermnental Accounting Standards Board ("GASB") is the accepted standard-setting body for establishing governmental accounting and financialreporting principles.
District-wide and Fund Financial Statements-The District-wide financial statements (the Statement of Net Position and the Statement of Activities) displayinformation about the reporting government as a whole. These statements report information on all the activities of the District, except for the fiduciary funds. Thedoubling-up effect of interfund activity has been removed from these statements. Govermnental activities, which normally are supported by tax revenues, are reportedseparately from business-type activities, which rely significantly on fees and charges for support.
The Statement of Activities demonstrates the deyee to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are thosethat are clearly identifiable with a specific function or segment. Program revenues include: 1 ) charges to students or parents who purchase, use, or directly benefit fromgoods, services, or privileges provided by a given function or program; and 2) grants and contributions that are restricted to meeting the operational or capital requirementsof a particular function or program. Taxes and other items not properly included among program revenues are reported instead as general revenues. The Districtallocates certain indirect costs to be included in the program expense reported for individual functions and activities in the District-wide Statement of Activities.
Separate financial statements are provided for governmental funds, proprietary funds and fiduciary funds, even though fiduciary funds are excluded from the District-wide financial statements. Major individual governmental funds are reported as separate columns in the fund financial statements.
Continued
26
Notes to FinaiicialStatementsYear Ended Jur+e 30 2015
=rM' .Jefferson OoiPublic Sd?i
Shaping the Future
Note A-Summary of Significant Accounting Policies-Continued
Measurement Focus and Basis of Accounting-The District-wide financial statements are reported using the economic resources measurement focus and the accrual basisof accounting, as are the proprietary fund financial statements. The fiduciary fund financial statements are reported using the accmal basis of accounting. Revenues arerecorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues inthe year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.
Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accmal basis of accounting. Each fund is aseparate accounting entity with a self-balancing set of accounts. Revenues are recognized as soon as they are both measurable and available. Revenues are considered tobe available when they are collectible during the current period or soon enough thereaffer to pay liabilities of the current period. For this purpose, the District considersrevenues to be available if they are collected w'thin 60 days of the end of the ciu'rent fiscal year. Expenditures generally are recorded when a liability is incurred, as underaccmal accounting. Hovvever, debt service expenditures, as well as expenditures related to compensated absences and workers' compensation claims, are recorded onlywhen payment is due.
Revenues susceptible to accrual are property taxes, interest revenue and charges for services. Occupational tax revenues are not susceptible to accrual because generallythey are not measurable until received in cash.
Funds are classified into tmee categories: governmental, proprietary and fiduciary. The District reports the following major governmental funds:
The General Fund is the District's primary operating fund, which accounts for all of the activities of the general government not required to be accounted for in anotherfund. Local taxes account for of the General Fund revenues, while the Support Education Excellence in Kentucky ("SEEK") program accounts for of General Fundrevenues. SEEK is a program that began in 1990 as the result of the Kentucky Education Reform Act ("KERA"), and is basically the method by which state funding isobtained.
The Grants and Awards Fund is a special revenue fund which accounts for the activities of specific education related programs in accordance with restrictionsestablished by the various grantors (primarily the United States Govermnent and state and local governments). This includes certain KERA grants which carry grantorrestrictions related to expenditures.
The Construcaon Fund accounts for funds from three sources. First, funds generated by sales of bond issues are used for various constmction projects at educationalfacilities. Second, proceeds from the sale of properties and equipment owned by the District are to be used at the discretion of the District for future construction projects.Last, any funds remaining in the Capital Outlay and Building Funds at the end of the year are escrowed to pay for categorical priorities listed in the Long-Range FacilityPlan, discussed on page 13 of the MD&A.
Continued
27
Notes to Fi?naiicialStatementsYeat Ended June 30. 2015
ad'7F*Jeffierson CorPublic Sdh
Shaping the Futurae
Note A-Summary of Significant Accounting Policies-Continued
Proprietary Funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providingservices or producing and delivering goods in connection with a proprietary fund's principal ongoing operations. Operating expenses include the cost of sales andservices, administrative expenses, and depreciation of capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenuesand expenses. The District reports as a major proprietary fund the School and Community Nutrition Services ("Food Service") Program which provides certainfood preparation at the Nutrition Center and serves breakfast and lunch at schools throughout }efferson County.
Fiduciary Funds are used to account for assets held on behalf of outside parties or on behalf of other funds within the District. This fund consists of agency fundsfor various scholarship programs administered by the District on behalf of the third-party donors, and agency funds held on behalf of student organizations andsegregated among elementary schools, middle schools and high schools. Since fiduciary funds are held on behalf of others, these funds are excluded from theDistrict-wide financial statements on pages 15-16.
Cash and Cash Equivalents-The District considers demand deposits, money market funds, and other investments with an original maturity of 90 days or less, to be cashequivalents.
Inventories-Inventories are valued at the lower of cost, using the first in, first out method, or market. Generally, the only inventory items marked to market are diesel,gasoline, and items determined to be obsolete with no current market value. The Food Service Fund's inventories consist of food and supplies valued at cost and U. S.Govemment commodities whose value is determined by the U. S. Department of Agriculture.
In the govermnental funds balance sheet, reported inventories in the general fund are equally offset by a fund balance reserve which indicates that they do not constitute"available spendable resources" even though they are a component of total assets.
Continued
28
Notes to FinaiicialStatementsYear Ended June 30 2015
:M .Jefferson CouiPublic Sdx>
Shaping the Future
Note A-Sununary of Significant Accounting Policies-Continued
Capital Assets-Capital assets include land, buildings, vehicles, office equipment, school equipment, and food service equipment, and are reported in the applicablegovernmental or business-type activities column in the District-wide Statement of Net Position. The District maintains a record of its capital assets, and those with a costof $1,000 or more are capitalized. All computers, regardless of cost, are capitalized. Additions to capital assets are recorded at cost and depreciated using the straight-linemethod. The District has elected not to capitalize interest on debt used to finance buildings. Capital assets are depreciated over estimated useful lives as determined by theKentucky Department of Education, as follows:
Land improvements
Buildings
Building improvements
Carpet/tileTechnology equipmentSchool buses
Other vehicles
Rolling stockFood service equipmentFurniture and fixtures
Audio-visual equipment
Other general equipmentMusical Instmment
Estimated life (years)20
50
25
7
s
10
s
15
12
20
15
10
10
Estimates-The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptionsthat affect reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts ofrevenues and expenses during the reporting period. Actual results could differ from those estimates.
Continued
29
Notes to Fi?naiicialStatementsYear Ended June 30. 20t5
Note A-Summary of Significant Accounting Poucies-Continued
Fund Balance--Under GASB statement 54, fund balance is separated into five categories, as follows:
Category Defu'iition
Nonspendable Permanentlynonspendablebydecreeofthedonor,suchasanendowrnent,oritemswhichmaynotbeusedforanotherpurpose,such as amounts used to prepay future expenses or already-purchased jnventory on hand
Legauy restricted under federal or state law, bond authority, or grantor contmct
Comtnitments passed by the Board
Funds assigned to management priority including issued encumbrances
Funds available for future operations
=s€*Jefferson CoiPublic Sdh
Shaping the Ftdure
Re5tricted
Comtnitted
Assigned
Unassigned
Cate6ory District PurposeNonspendable Prepaid expenses
Inventory on hand
Grant or donor-directed funds
Bond proceedsFunds governed by specific state laws
Cash flows protection
Encumbered purchase orders
Funds available for future operations
Committed
Assigned
Unassigned
Restricted
General Grants &
Fund Awards Fund
4,203,103
3,704,679
10,620,148
36,000,000
17,456,000
57,844,099
Constmction
Fund
92,954,598
NonmajorFunds
611,741
243,712
PurposeTotal
4,203,103
3,704,679
11,231,889
92,954,598
243,712
36,000,000
17,456,000
57,844,099
Continued
30
Notes to Fi?nancialStatementsYear Ended June 30 2015
Je? CoixrtyPublic SdxxJs
{fE3!h.Shaping the Future
Note A-Summary of Significant Accounting Poucies-Continued
It is the District's practice to liquidate funds when conditions have been met releasing these funds from legal, contractual, District, or managerial obligations, usingrestricted funds first, followed by cormnitted fiinds, assigned funds, then unassigned funds.
Encumbrances are not liabilities and, therefore, are not recorded as expenditures until receipt of material or service. Encumbrances remaining open at the end of the fiscalyear are automatically re-budgeted in the follow'ng fiscal yeax. Encumbrarices are considered a managerial assigmnent of fund balance in the governmental funds balancesheet. Board policy 04.31 grants this authority to the Superintendent or the Superintendent's designee. The Superintendent has granted fund balance assignment authorityto the Director of Purchasing.
Statutorily, the Kentucky Department of Education may assiune financial control over any school district whose fund balance drops below 2% of the total expenditures ofcertain funds. To maintain balances above this level, they recommend reserving at least 5%. The elected Jefferson County Board of Education committed funds to ensurefund balance remains above these levels. While these funds have been properly committed and not budgeted for future years' expenditures, there is no mandate on how thecommitted funds would be used if the District fell below the 2oA floor.
Property Tax Revenues-Property taxes are levied each November on the assessed value listed as of the prior January 1 for all real and personal property in JeffersonCounty. The billings are considered due upon receipt by the taxpayer; however, the actual due date is based on a period ending 30 days affer the tax bill mailing.
On-Behalf Payments-The Commonwealth of Kenhicky pays certain expenses on behalf of the District. In the financial statements, these payments are recorded as anexpense and other state revenue. These expenses include the following:
Health insurance
KTRS employer matchHRA, dental, vision, and life insuranceState administration fee
Re?urs ement from federal programsState facility constmction supportTechnology systems
2014-15
$ 104,727,393
86,611,458
5,014,443
1,279,639
(8,864,359)8,171,637
508,579
2013-14
$ 99,685,357
69,421,126
5,124,366
1,098,119
(10,283,450)7,638,789
489,487
$ 197,448,790 $ 173,173,794
Budgetary Principles-The Superintendent must submit the proposed budget for all funds other than school-based activity funds (agency funds) to members of the Boardeach year. The Board Members will then discuss and, where so desired, amend the proposed budget and w'll adopt a final budget by September 30 of each fiscal year. Anyadjustments to the adopted budget must be approved by the Board.
Continued
31
Notes to FinaiicialStatementsYear Ended June 30 2015
2 MJe? CoiPublic Sd>
Shaping the Future
Note A-Summary of Signtficant Accounting Policies-Continued
Budget information is presented for the General Fund and other funds with a legally-adopted budget. This budgetary data is prepared on the modified accmal basis ofaccounting, in accordance 'w'th generally accepted accounting principles. Budgetary revenues represent original estimates modified for any adjustments authorized by theBoard during the fiscal year. Budgetary expenditures represent orig'nal appropriations adjusted for budget transfers and additional appropriations approved during the fiscalyear. Although budgets are prepared on a line-item basis by cost center for each department, expenditures may legally exceed budget in these areas but may not exceed thebudget in total.
Interfund Receivables and Payables-Each fund is a separate fiscal and accounting entity, and thus interfund transactions are recorded in each fund affected by atransaction. Interfund receivables and payables for the District arise generally from two types of transactions: 1 ) all funds are initially received into the General Fund, thusa payable and receivable are established in the appropriate funds; and 2) payments are from the General Fund checking account, which may not have the legal liability forthe expenditure, thus a payable from the fund having the legal liability is established at such time. Typically, interfund receivables and liabilities are reso}ved monthly, andall of these balances should be resolved within a year. All interfund receivables and payables have been eliminated on the District-wide Statement of Net Position.
Due from otherFunds Reportedin General Fund
Due to other
Funds Reportedin General Fund
Special Revenue FundConstmction Fund
Nonmajor Govemmental FundsFood Service Fund
Nonmajor Enterpris e Funds
$ 28,705,723
2,569,Oss
5,392,084
46,226
$ 22,661,025
68,990,115
874,130
467,121
$ 36,713,088 $ 92,992,391
Continued
32
Notes to FinaiicialStatementsYear Ended June 30 2015
=WM' .Jefferson OoiPublic Sdc
Shaping the Fututae
Note A-Summary of Significant Accounting Policies-Continued
Transfers to Other Funds-Although each fund is its own distinct reporting entity, periodically, funds have cause to transfer their revenues to other funds. The mostcommon reasons necessitating interfund transfers are for debt service payments and grant matching funds. Debt service payments may be paid from revenues in the CapitalOutlay Fund, Building Fund, Construction Fund, Food Service Fund, or one grant w'thin the Grants & Awards Fund, but the expendi;ures are recorded in the Debt ServiceFund with transfers recorded to keep the funds in balance. At times, the District receives grants which require an amount of matching funds. Usually, General Fund suppliesthis match offset by transfers to the Grants & Awards Fund. The following is a schedule of the District's transfers during the year:
Transfers from
other funds
Trmisfers to
other funds
General Fund
Special Revenue FundConstmction Fund
Nonmajor Govemmental FundsFood Service Fund
Nonmajor Enterprise Funds
$
$
$
2,345,069
15,964,380
35,173,067
2,911,081
207,312
56,600,909 $
5,461,709 Food Service facilities rent forgiven, and grant matchigGrant matching fundsDebt service payments and escrowed funds used for constmctionDebt service payments and escrowed funds used for constructionFacilities rent forgiven by General Fund
1,753 Lossfromoperationsmadeupbyotherfiindsandgrantmatch
56,600,909
3,603,567
47,533,880
Pensions-For the purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, pension expense,information about the fiduciary net position of the Kentucky Teachers Retirement System and the County Employees Retirement System and -additions to/deductionsfrom these pensions' fiduciary net position have been determined on the same basis as they are reported by those pensions. For this purpose, benefit payments (includingrefunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.
Note B-Cash, Cash Equivalents and Investments
The District's deposits are maintained in six designated financial institutions. Deposits at all these financial institutions are entirely insured by federal depository insuranceor by collateral held by the financial institutions in the District's name, as is required by the District's investment policy though custodial credit risk -is not specificallymentioned in this policy. During the year, the District invests excess cash into short-term United States Govermnent obligations or bank certificates of deposit coljateralizedby U.S. Govemment securities. These investments are either insured or securities are held by the pledging financial institution's tmst depmtment in the-District's name.
Continued
33
Notes to FinaiicialStatementsYear Ended June 30 2Cll5
:M' .Jefferson CouiPublic Sdx>
Shaping the Future
Note B-Cash, Cash Equivalents and Investments-Continued
In compliance with Kentucky Statutes, the District's investment policy 04.6 specifies that the District' s investment objectives, in order of priority are the following:a. Safety of principalb. Liquidity to enable the District to meet all operating requirementsc. Return on Investment
The complete investment policy 04.6 is available at http://www.jefferson.kl2.ky.us/Departments/GeneralCounsel/Districtpolicy0702.pdf. Investments consist ofcertificates of deposit and U.S. Govermnent agency securities. The certificates of deposit are held by various schools' activity funds in the Fiduciary Funds at severalfinancial institutes located in Jefferson County, Kentucky, and have various rates of interest and maturity dates greater than ninety days. Such investments are statedat fair value as of June 30. These investments are covered by depositor insurance or by collateral held by the financial institutions in the District's name. The U.S.Govermnent Securities also have maturities greater than ninety days and their value has been adjusted to the fair value. As of June 30, 2015, the District had thefollowing investments:
Fund Type Investment Type Fa#Value
Moody's
RatingWeighted Average
Maturity in Years
Govemmental
Agency
Federal AgenciesCertificates ofDeposit
$ 68,082,8701,017,478
Aaa 4.18
1.17
$ 69,100,348
GASB No 40, Deposits and Investment Risk Disclosures, requires the District to address the following risks related to its investments:
Credit Risk-Credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. In an effort to minimize the likelihoodthat an issuer will default, the District has limited the number of permissible investments under its investment policy to certain highly rated investments. sr accordancewith this policy, the District is authorized to invest in the following:
a. Obligations of the United States and of its agencies, national corporations, and instmmentalities, including repurchase agreementsb. Certificates of deposit issued by banks or savings and loan institutionsc. Bonds or certificates of indebtedness of the Commonwealth of Kenhicky and of its agencies and municipalitiesd. Securities issued by a state or local government, or any instmmentality of agency thereof, in the United States, but only if fully defeased by direct obligations of or
guaranteed by the United States of AmericaInterest bearing deposits in national and state banks chartered in Kentucky and insured by an agency of the United States up to the amount so insured, and in larger
amounts providing such bank shall pledge as security obligations having a current quoted market value at least equal to any uninsured deposits.e.
Continued
34
Notes to FinaiicialStatementsYear Ended Jurie 30 2015
=rd7P?Jefferson CoiPublic Sdh
Shaping the Fututae
Note B-Cash, Cash Equivalents and Investments-Continued
Custodial Credit Risk-Custodial credit risk is the risk that, in the event of the failure of the counterparty, the District will not be able to recover the value of itsinvestments or collateral securities that are in the possession of an outside party. All investments held by the District are insured or collateralized with securities heldin the District's name. The securities held as collateral are maintained either by the Federal Reserve or in the trust area of major national banks.
Interest Rate Risk-Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. The District manages itsexposure to declines in fair value by purchasing a combination of cash holdings, shorter-term, and longer-term investments. The District's investments in federal agencysecurities are callable instruments and parkicularly carry this form of risk. The District has no formal policies relating to interest rate risk.
Concentration of Credit Risk-The District' s investment policy places no limit on the amount the District may invest with any one issuer; however, all holdings mustbe collateralized with securities held in the District's name. As of June 30, 2015, the District had $2,000,000 of deposits insured by the Federal Depositors InsuranceCorporation and $1 96,954,778 of deposits that were uninsured but collateralized by securities held in the District's name.
Note C-Receivables
The District recognizes revenues as receivable when they are measurable and receipt is certain. Concentration of credit risk w'th respect to the receivables from federaland state governments is limited due to the historical stability of those institutions. While the District receives revenues from many different outside sources throughoutthe year, the accounts and grants receivable from outside sources may be grouped into the following categories:
Govemrnental ProprietaiyFunds Funds TotalAccounts andgrants receiwble
from outside sources
Accountsreceivable $ 928,400 $ 1,470,941 $ 2,399,341Taxesreceivable 19,148,412 19,148,412Grantsreceivable 17,634,842 22,872 11657,714
$ 37,711,654 $ 1,493,813 $ 39,205,467
Federal and state grants to be used or expended as specified by the grantor are recognized as revenue and recorded as receivables as qualifying expenditures are made.
Continued
35
Notes to FinaiicialStatementsYear Ended June 30. 2015
Note C-Receivables-Continued
'2 h? .Shaping the Future
The following is the District's property tax calendar:
Date Event
January 1, year of levy Assessment date
October 1, year of levy Taxes levied
November 30, year of levy 2% discount allowed
December 31, year of levy 1% discount allowed
January 31, following year Gross amount due
February 1, following year Delinquent date, 1 !/2 % interest added per monthApril 1, following year 1 0oA penalty added
Unpaid property taxes attach as an enforceable hen on real property as of the delinquent date. The ?efferson County Clerk' s Office collects personal property tax on vehicleswhen registered. The Jefferson County Sheriff's Office bills and collects all property taxes on real estate and other personal property on behalf of the District. Districtproperty tax revenues are recognized when levied to the extent that they result in current receivables.
Although the District has taxes receivable from a variety of constituents, a substantial portion of the debtors ' ability to honor this debt is dependent upon the widely diverseeconomic environment of the Commonwealth of Kentucky and the local area.
Continued
36
Notes to Fi?naiicialStatementsYear Ended June 30 2015
AWh'# lb'? .Shaping the Future
Note D-Capital Assets
Activity in capital assets during the year ended June 30, 2015 consisted of the following:
Balance
June 30, 2014 Additions Dispositions
Balance
June 30, 2015Gowirnmental Acti'fflties
Lind
Constmction in progress
$ 29,023,021
8,871,511
37,894,532
$ 243,781
23,255,056
23,498,837
$ 8,871,5118,871,511
$ 29,266,802
23,255,056
52,521,858
Land improvements
Buildings & building improvements
Technology equipmentVehicles
General equipment
36,998,200
1,105,393,391
87,507,927
94,766,249
50,013,957
1,374,679,724
1,930,559
31,819,176
9,198,657
4,014,606
4,686,824
51,649,822
123,379
6,652,244
1,705,728
701,954
9,183,305
38,805,380
1,137,212,567
90,054,340
97,075, 127
53,998,827
1,417,146,241
Less AccumulatedDepreciation
Land improvements
Buildings & building improvements
Technology equipmentVehicles
General equipment
23,249,599573,729,74261,981,896
65,553,754
24,974,033
749,489,024
1,146,516
30,822,732
9,615,121
5,652,904
2,955,333
50,192,606
134,382
6,480,439
1,703,911
596,061
8,914,793
24,261,733
604,552,474
65,116,578
69,502,747
27,333,305
790,766,837
$ 663,085,232 $ 24,956,053 $ 9,140,023 $ 678,901,262
Included in this table is current constmction in progress. Items are not depreciated until placed into service. Accordingly, these items have no accumulated depreciation.
Continued
37
Notes to Fi?nancialStatementsYear Ended Jur+e 30 2015
Jeffersm CouiPublic Sdx>
,, AFA=:R:?
Shaping the Future
Note D-Capital Assets-ContinuedBalance
June 30, 2014 Additions Dispositions
Balance
June 30, 2015Business-type Activities
Lind $ i,ooo,ooo $ 1,000,000
Land improvements
Buildigs & building improvements
Technology equipmentVehicles
General equipment
$ 4,745
17,067,854
830,439
1,891,985
26,656,997
46,452,020
$ 17,750
17,625 $
119,554
1,225,567
1,380,496
49,373
20,792
590,969
661,134
4,745
17,085,604
798,691
1,990,747
27,291,595
47,171,382
Less Accumulated Depreciation
Land improvementsBuildings & building improvements
Technology equipmentVehicles
General equipment
99
5,137,727
551,465
1,416,712
18,345,079
25,451,082
$ 22,000,938 $
237
344,088
186,411
86,750
1,511,215
2,128,701
(748,205) $
48,867
20,792
542,503
612,162
48,972 $ 21,203,761
336
5,481,815
689,009
1,482,670
19,313,791
26,967,621
Continued
38
Notes to FinancialStatementsYear Ended June 30 2015
:"!-M' .Jefferson OoiPublic Sd>
Shaping the Future
Note D-Capital Assets-Continued
Depreciation expense for business-type activities was entirely incurred in the operation of the District's school food services program. Depreciation for governmentalactivities is included in the following functional categories:
Instmction $ 40,321,343
StudentSupportServices 1,145DistrictAdministrativeSupportServices 3,216,346BusinessSuppoitServices 26,677PlantOperationandMaintenance 713,841StudentTransportation 5,766,774
CommunitySeiviceOperations 146,480
$ 50,192,606
Net Investment m Capital Assets-On the District-wide Statement of Net Position, capital assets from Note D and Long-term Debt represent material portions of theDistrict's net position. This calculation is as follows:
Govemmental Busiess-type
Capital assets, net of related depreciation $ 678,901,262 $ 21,203,761
School buildig revenue bondsLess: deferred savings fromrefunding bondsLess : bond proceeds not yet spent on capital projects
443,295,9195,766,059
(25,886,035)
4,378,081
$ 255,725,319 $ 16,825,680
39
Notes to FinaiicialStatementsYeat Ended Jur+e 30 2015
Note E-Long-Term Liabilities
School Buuding Revenue Bonds
2002 Series A, interest rates set at 5.5%, principal and interestpayable serrffannuauy on January 1 and July 1, with maturities through 2022
2004 Series B, interest rotes set at 4.O%, principal and interest
payable serniannuauy on May l and Novernber 1, with maturities through 2016
2005 Series A, interest rates ranging from4% to 4.375%, principal and iterestpayable serniannuauy on June l and December 1, with maturities through 2016
2006 Series A, interest rates ranging from4.l25% to 5.O%, principal and mterestpayable semiannuauy on July 1 and January 1, with maturities through 2016
2006 SeriesB,jnterestratesrangjngfrom3.625%to4.75%,principalandinterestpayable semiannually on Decernber 1 and June 1, with maturities through 2026
2007 SeriesA,interestratesrangingfrom4.125%to4.75%,prmcipalandinterestpayable semiannuauy on Decerrher 1 and June 1, with maturities through 2027
2008 SeriesA,interestratesrangingfrom3.1%to4.l%,principalandinterestpayable semiannually on March l and Septernber 1, with maturities through 2028
2008 Series B QZAB, non-interest bearing and fuu bond liability due atmaturity in December 2022
2009 Series A, interest rate of 5.25%, principal and interest payable semiannually on
July l and January 1, with maturities through 2019
2009 SeriesB,iterestratesrangingfrom2.75%to3.0%,pricipalandinterestpayable semiannuauy on Febmary l and August 1, w'th maturities through 2018
Jefferson CoiPublic Sch
=r MShaping the Future
Original
$ 35,095,000
Outstandig
$ 24,840,000
40,345,000 5,705,000
21,155,000 70,000
41,000,000 3,720,000
20,000,000 1,055,000
500,00019,970,000
9,905,000 7,565,000
5,200,000 5,200,000
32,515,000 16,305,000
3,010,0008,400,000
Continued
40
Notes to FinancialStatementsYear Ended June 30. 2015
Note E-Long-Term Liabilities-Continued
2009 SeriesC,interestratesrangigfrom3.O%to4.O%,principalanditerestpayablesemiannually on August 1 and February 1, with maturities through 2019
2010 SeriesA,jnterestratesrangingfrom2.O%to3.5%,principalandinterestpayablesemiannuauy on October 1 and April 1, with maturities through 2021
2010 SeriesB,interestratesrangingfrom2.0%to2.5%,principalandinterestpayableserniannuauy on June 1 and Dece?er 1, with maturities through 2022
2010 SeriesCQSCB,jnterestrate5.l25%,principalandinterestpayablesemiannuallyon May l and November 1, with maturities through Novemoer 2029
2011 SeriesAQSCB,interestrate4.650%,principalanditerestpayablesemiannuauyon June l and December 1, with maturities through June 2026
2012 SeriesA,iterestratesrangingfrom2.O%to3.375%andinterestpayablesemiannuauy on March l and September 1, with maturities through March 2032
2012 SeriesB,interestratesrangigfrom2.O%to2.6%andjnterestpayablesemiannuauy on July l and January 1, with maturities through January 2024
2012 Series C, interest rate l.9%, principal and interest payable semiannuauyon March 1 and September 1, with maturities through September 2024
2012 SeriesD,interestratesrangingfrom2%to3.125o/oprincipalandinterestpayablesem'annuauy on October 1 and April 1, with maturities through October 2032
2013 SeriesA,iterestratesrangingfrom2%to2.375%principalandinterestpayablesemiannuauy on June 1 and Decernber 1, with maturities through October 2025
'2 rb'?*
Shaping the Future
Outstanding
16,820,000
Origial
39,580,000
10,350,00013,705,000
16,170,000 13,560,000
27,483,00027,483,000
29,886,00030,352,000
12,150,00013,850,000
18,095,00020,510,000
18,125,00018,730,000
27,010,00027,235,000
22,205,00022,860,000
Continued
41
Notes to FinaiicialStatementsYear Ended Ji.ine 30 2015
Note E-Long-Term Liabiuties-Continued
2013 SeriesB,interestratesrangingfrom2%to4%principalandinterestpayablesemaannually on July l and January 1, with maturities through July 2026
2013 SeriesC,interestratesrangigfrom3%to5%pricipalandinterestpayablesemiannuauy on November l and May 1, with maturities through November 2033
2014 SeriesA,iterestratesrangigfrom2%to5%principalanditerestpayablesemiannually on November l and May 1, with maturities through May 2025
2014 SeriesB,iterestratesrangingfrom2%to5%principalanditerestpayableserniannuauy on October l and April 1, with maturities through October 2020
2015 SeriesA,interestratesrangingfrom3%to4.75%principalandinterestpayablesem'annuauy on October 1 and April 1, with maturities through October 2035
2015 Series B, interest rates set at 4% with principal and Merest payablesemiannuauy on December 1 and June 1, with maturities through October 2026
Jefferson CountyPublic Sdxxf>
?Shaping the Ftdure
Original
35,550,000
Outstanding
34,600,000
33,005,000 32,855,000
42,890,000 42,545,000
21,630,000 21,630,000
16,465,000 16,465,000
36,285,000
$ 499,610,000
Bonds outstanding as of June 30, 2015, are reported in the accompanying District-wide Statement of Net Position as follows:
Current Long-Term Total
$ 28,231,655 $ 415,064,264 $ 443,295,919
1,038,345 3,339,736 4,378,081
$ 29,270,000 $ 418,404,000 $ 447,674,000
35,925,000
$ 447,674,000
Govemmental activities
Business-type activities
Continued
42
Notes to FinaiicialStatementsYear Ended Ji.ir%e 30 2015
qd;'hJeffersm OoiPublic Sdh
Shaping the Fututae
Note E-Long-Term Liabuities-Continued
The School Building Revenue Bonds listed below are subject to redemption prior to their stated maturity dates at the option of the Board. The redemption prices include apremium of 1 % to 3% of the outstanding principal amounts. The earliest allowable redemption dates for each Series are as follows:
2002SeriesA January2022 2009SeriesC Febmary20l9 20l2SeriesD October20222004SeriesB May20l4 20lOSeriesA Aprn2021 20l3SeriesA June20232005 Series A June 2015 2010 Series B June 2022 2013 Series B July 20232006SeriesA July20l6 20lOSeriesC November2020 20l3SeriesC November20232006SeriesB Decernber20l6 20llSeriesA June2021 2014 Series A May 20242007SeriesA June20l7 20l2SeriesA June2022 20l4SeriesB October2020
2008SeriesA September20l9 20l2SeriesB June2024 20l5SeriesA April20252009SeriesA January20l9 20l2SeriesC September2024 20l5SeriesB December20262009 Series B Febmary 2018
In connection with most of the above listed bond issues, the District has entered into participation agreements with the Kentucky School Facilities ConstructionCommission (the "Commission") which provides that the Commission will remit a stated amount of bond principal and interest payments annually, subject to biemiialapproval by the Kentucky General Assembly. Should approval not be received in future periods, the District remains obligated for the full amount of the bondprincipal and interest payments.
Assurning no issues are called prior to scheduled maturity and continued Commission participation, the minimum obligations of the District at June 30, 2015 fordebt service is as follows:
Year EndingJune 30
2016
2017
2018
2019
2020
2021-2025
2026-2030
2031-2035
$
Pr'ncipal
29,270,000
29,970,000
30,900,000
32,030,000
26,230,000
118,765,000
130,369,000
50,140,000
Interest
$ 13,513,103
12,430,154
11,291,785
10,069,314
8,885,345
32,362,628
16,317,306
5,090,463
$
Total
Repayments
42,783,103 $
42,400,154
42,191,785
42,099,314
35,115,345
151,127,628
146,686,306
55,230,463
Less:
Comrnission
Participation
9,449,814
9,451,325
9,449,924
9,391,728
7,918,202
31,789,466
18,935,627
10,957,371
$
Net
Repayments
33,333,289
32,948,829
32,741,861
32,707,586
27,197,143
119,338,162
127,750,679
44,273,092
$ 447,674,000 $ 109,960,098 $ 557,634,098 $ 107,343,457 $ 450,290,641
Continued
43
Notes to Fi?naiicialStatementsYear Ended June 30. 2015
Jefferson? CountyPublic Sd?s
d/'?.Shaping the Future
Note E-Long-Term Liabiuties-Continued
All bonds issued by the District vvere revenue bonds or refunding bonds of revenue bonds, and the proceeds were used to constmct or renovate schools and other facilities.The bonds payable are collateralized by the educational facilities constructed by the District with bond proceeds. Bonds are repaid principally from state revenues in theCapital Outlay Fund and local revenues in the Building Fund. General Fund revenues are available to pay for debt service but have not been needed for this purpose.
Although defeased, the funded debt will not be actually retired until the call dates have come due or until maturity if they are not callable issues. As of June 30, 2015, theoutstanding principal amount of indebtedness that is considered to be extinguished under "in substance defeasance" and therefore excluded from the District-wide financialstatements was $129,989,000.
On August 14, 2014, the District issued $$21,630,000 of 2014B School Building Revenue Refunding Bonds refunding the 2006C School Building Revenue Bonds,achieving a net present value interest savings $2,090,910 (gross savings $2,162,939). On March 30, 2015, the District issued 36,285 ,000 of 201 5B School Building RevenueRefunding Bonds refunding $18,23 0,000 of 2006B School Building Revenue Bonds and $18,055,000 of 200 7A School Building Revenue Bonds. This bond achieved a netpresent value interest savings $3 ,101 ,445 (gross savings $3,811,102).
Qualified School Construction Bonds-The District has issued two taxable Qualified School Constmction Bonds with direct payment to issuer. As part of this program,the District pays interest to the purchaser at taxable interest rates and receives a refund from the US Department of Treasury for our interest payments. The accompanyingofficial bond statements specify that the District will make payments, which will be held in tmst for the so}e purpose of redeeming the bonds held by the bondholders atmaturity. Accordingly, as principal payments are made, both the cash held in trust and the payments made into the tmst will be excluded from the District's assets andliabilities, respectively.
On December 23, 2008, the District issued $5,200,000 in Special Obligations School Financing Bond Series 2008B as a QZAB to finance capital projects at Cane Runand Shacklette Elementary Schools. On December 23, 2009, the District began making annual payments of $371,429 to an escrow account at a local bank. Suchpayments are being held in tmst and invested at an interest rate of 6.O% in accordance with the funding agreement. The final annual payment is due December 23, 2022,at which time the QZAB will mature and the principal w'll be paid in full from the escrow account.
Estimated Liability for Workers' Compensation Benefits-The estimated liability for workers' compensation benefits consists of claim settlements for reported andoutstanding claims and estimated claim setklements for incurred but not reported claims (based upon istorical experience and an actuarial study). Estimated claimsettlements for incurred but not reported claims are discounted at 6% over the anticipated payment periods to reflect the time value of money. Tis liability, along withcertain related assets and liabilities, is accounted for within the Workers' Compensation Tmst Fund, which is a self-insurance fund administered by the District for thepurpose of providing workers' compensation insurance to employees of the District.
The District maintained reinsurance covering that portion of risks in excess of $1,000,000 for any one occurrence with a $500,000 deductible for the year ended June 30,2015. The limit is subject to audit by the District's insurer. The District remains liable to the extent that claims are less than the amount of reinsurance coverage or if thereinsiuing company is unable to pay its portion of claims. Workers' Compensation liability is charged against the same fund from which each employee's salary is paidwhen liquidated. The majority of these liquidations are made from General Fund, Grants and Awards Fund, and School Food Services Fund.
Continued
44
Notes to FiiiaiicialStatementsYear Ended June 30 2015
2 MJefferson CoiPublic Sd')i
Shaping the Future
Note E-Long-Term Liabuities-Continued
Accrued Vacation Pay and Sick Leave-In accordance with generally accepted govermnental accounting principles, the District has recorded accrued vacation pay andaccmed sick leave as long-term liabilities in the District-wide Statement of Net Position. Accmed vacation pay, which may be accumul ated for a period of up to two years,is payable upon termination of employment. Accrued sick leave, which has no maximum accumulation, is payable upon retirement at 30% of the value of accumulatedsick leave. Both accmed sick leave and accmed vacation pay liabilities are charged against the same fund from which each employee' s salary is paid when liquidated. Themajority of these liquidations are made from General Fund, Grants and Awards Fund, and School Food Services Fund.
Balance
June30,2014 Additions Dediictions
Balance
June 30, 2015Gowrnmental Activities :
School building revenue bondsEst?ted liability
for workers '
compensationbenefits
Accmed vacation payAccmed sick leave
$ 457,831,519
21,558,493
7,823,606
38,973,261
$ 74,380,000
4,999,134
5,241,047
10,453,214
$ 88,915,600 $
5,856,301
5,566,467
8,011,823
443,295,919
20,701,326
7,498,186
41,414,652
$ 526,186,879 $ 95,073,395 $ 108,350,191 $ 512,910,083
Business-type Actiwties :School building revenue bonds $ 5,383,481 $ 1,005,400 $ 4,378,081
45
Notes to Fi?naiicialStatementsYear Ended June 30 2015
]OF'rh
Shaping the Future
Note F-Retirement Plans
The District's employees are provided with two pension plans, based on each position's college degree requiremer>t. The County Employees Retirement System coversemployees whose position does not require a college degree or teaching certification. The Kentucky Teachers Retirement System covers positions requiring teachingcertification or otherw'se requiring a college degree.
General information about the County Employees Retirement System Non-Hazardous (?CERS")
Plan description-Employees whose positions do not require a degree beyond a high school diploma are covered by the CERS, a cost-sharing multiple-employer definedbenefit pension plan administered by the Kentucky Retirement System, an agency of the State of Kentucky. Under the provisions of the Kentucky Revised Statute ("KRS")Section 61.645, the Board of Tmstees of the Kentucky Retirement System administers CERS and has the authority to establish and amend benefit provisions. The KentuckyRetirement System issues a publicly available financial report that includes financial statements and required supplementary information for CERS. That report may beobtained from http://kyret.ky.gov/.
Benefits provided-CERS provides retirement, health insurance, death and disability benefits to Plan employees and beneficiaries. Employees are vested in the plan afterfive years' service. For retirement purposes, employees are grouped into three tiers, based on hire date:
Tier 1 Participation dateUnreduced retirement
Reduced retirement
Before Septernber 1, 200827 years service or 65 years oldAt least s years service and 55 years oldAt least 25 years service and any age
Tier 2 Participation dateUnreduced retirement
Reduced retirement
September 1, 2008 - December 31, 2013At least s years service and 65 years oldOr age 57+ and sum of service years plus age equal 87At least 10 years service and 60 years old
Tier 3 Participation dateUnreduced retirement
Reduced retirement
AfterDecember31,2013
At least s years service and 65 years oldOr age 57+ and sum of service years plus age equal 87Not available
Continued
46
Notes to FinancialStatementsYear Ended June 30 2015
=r MJefferson OoiPublic Sd>
Shaping the Future
Note F-Retirement Plans-Continued
Cost of living adjustments are provided at the discretion of the General Assembly. Retirement is based on a factor of the number of years' service and hire date multipliedby the average of the highest five years' earnings. Reduced benefits are based on factors of both of these components. Participating employees become eligible to receivethe health insurance benefit after at least 180 months of service. Death benefits are provided for both death after retirement and death prior to retirement. Death benefitsafter retirement are $5,000 in lump sum. Five years' service is required for death benefits prior to retirement and the employee must have suffered a duty-related death. Thedecedent's beneficiary will receive the higher of the normal death benefit and $10,000 plus 25% of the decedent's monthly firxal rate of pay and any dependent child willreceive 10% of the decedent's monthly final rate of pay up to 40% for all dependent children. Five years' service is required for nonservice-related disability benefits.
Contributions-Required contributions by the employee are based on the tier:
Tier 1
Tier 2
Tier 3
Required contribution5%
5% + 1% for insurance
5% + 1% for msurance
General information about the Teachers' Retirement System of the State of Kentucky ("KTRS")
Plan description-Teaching certified employees of the District and other employees whose positions require at least a college degree are provided pensions throughthe Teachers' Retirement System of the State of Kentucky (KTRS)-a cost-sharing multiple-employer defined benefit pension plan with a special funding situationestablished to provide retirement annuity plan coverage for local school districts and other public educational agencies in the State. KTRS was created by the 193 8General Assembly and is governed by Chapter 161 Section 220 through Chapter 161 Section 990 of the KRS. KTRS is a blended component unit of the State ofKentucky and therefore is included in the State's financial statements. KTRS issues a publicly available financial report that can be obtained athttp://www.ktrs.ky.gov/05 publications/index.htm.
Benefits provided-For employees who have established an account in a retirement system administered by the State prior to July 1, 2008, employees become vestedwhen they complete five (5) years of credited service. To qualify for montmy retirement benefits, payable for life, employees must either:
1.) Attain age fifty-five (55) and complete five (5) years of Kentucky service, or2.) Complete 27 years of Kentucky service.
Continued
47
}
Notes to FinaiicialStatementsYeat Ended June 30. 2015
A'F'k':u?? hi'? .Shaping the Future
Note F-Retirement Plans-Continued
Employees that retire before age 60 with less than 27 years of service receive reduced retirement benefits. Non-university employees with an account established priorto July 1, 2002 receive monthly payments equal to two (2) percent (service prior to July 1, 1983) and two and one-half (2.5) percent (service after July 1, 1983) of theirfinal average salaries for each year of credited service. New employees (including second retirement accounts) after July 1, 2002 will receive monthly benefits equal to2% of their final average salary for each year of service if, upon retirement, their total service less than ten years. New employees after July 1, 2002 who retire with tenor more years of total service will receive monthly benefits equal to 2.5% of their final average salary for each year of service, including the first ten years. In addition,employees who retire July 1, 2004 and later with more than 30 years of service will have their multiplier increased for all years over 30 from 2.5% to 3.0% to be usedin their benefit calculation. Effective July 1, 2008, the System has been amended to change the benefit structure for employees hired on or after that date.
Final average salary is defined as the member's five (5) highest annual salaries for those with less than 27 years of service. Employees at least age 55 with 27 or moreyears of service may use their three (3) highest annual salaries to compute the final average salary. KTRS also provides disability benefits for vested employees at therate of sixty (60) percent of the final average salary. A life insurance benefit, payable upon the death of a member, is $2,000 for active contributing employees and$5,000 for retired or disabled employees.
Cost of living increases are one and one-half (1.5) percent annually. Additional ad hoc increases and any other benefit amendments must be authorized by the GeneralAssembly.
Contributions-Contribution rates are established by KRS. Employees are required to contribute 12.1 05% of their salaries to the System. The State of Kentucky, as anon-employer contributing entity, pays matching contributions at the rate of 13.105% of salaries for local school district and regional cooperative employees hiredbefore July 1, 2008 and 14.105% for those hired after July 1, 2008. For local school district and regional cooperative employees whose salaries are federally funded,the employer contributes 15 .3 s 5% of salaries. If an employee leaves covered employment before accumulating five (5) years of credited service, accumulated employeepension contributions plus interest are refunded to the employee upon the member's request.
Medical Insurance Plan
Plan description-In addition to the pension benefits described above, KRS 161.675 requires KTRS to provide post-employment healthcare benefits to eligibleemployees and dependents. The KTRS Medical h'isurance Fund is a cost-sharing multiple employer defined benefit plan. Changes made to the medical plan may bemade by the KTRS Bo:md of Tmstees, the Kentucky Department of Employee Insurance and the General Assembly.
Continued
48
Notes to FinaiicialStatementsYear Ended Ji.irie 30 2015
=g MJeffersm CoiPublic Sdh
Shaping the Future
Note F-Retirement Plans-Continued
To be eligible for medical benefits, the member must have retired either for service or disability. The KTRS Medical Insurance Fund offers coverage to employeesunder the age of 65 through the Kentucky Employees Health Plan administered by the Kentucky Department of Employee Insurance. Once retired employees andeligible spouses attain age 65 and are Medicare eligible, coverage is obtained through the KTRS Medicare Eligible Health Plan.
Funding policy-}n order to fund the post-retirement healthcare benefit, six percent (6%) of the gross annual payroll of employees before July 1, 2008 is contributed.Three percent (3%) is paid by member contributions, three quarters percent (.75%) from State appropriation and two and one quarter percent (2.25%) from the employer.Also, the premiums collected from retirees as described in the plan description and investment interest help meet the medical expenses of the plan.
Pension Liabfflties, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions
At June 30, 2015, the District reported a liability for its proportionate share of the net pension liability for CERS. The District did not report a liability for theDistrict's proportionate share of the net pension liability for KTRS because the State of Kentucky provides the pension support directly to KTRS on behalf of theDistrict. The amount recognized by the District as its proportionate share of the net pension liability, the related State support, and the total portion of the net pensionliability that was associated with the District vvere as follows:
District's proportionate share of the CERS net pension liability $ 264,419,000
Commonwealth's proportionate share of the KTRSnet pension liability associated with the District 3,675,381,169
$ 3,939,800,169
The net pension liability for each plan was measured as of June 30, 2014, and the total pension liability used to calculate the net pension liability was determined byan actuarial valuation as of that date.
The District's proportion of the net pension liability for CERS was based on the actual liability of the employees and former employees relative to the total liability ofthe System as determined by the actuary. At June 30, 2014, the District's proportion was 8.1 50080% percent.
Continued
49
Notes to FinaiicialStatementsYear Ended June 30 2015
z M?Jefferson CaPublic Sdh
Shaping the Future
Note F-Retirement Plans-Continued
For the year ended June 30, 2015, the District recognized pension expense of $30,058,752 related to CERS and $180,101,095 related to KTRS, of which $86,611,458was recognized on the fund financial statements as it represented amounts paid on the District's behalf during the year. The District also recognized revenue of$180,101,095 for KTRS support provided by the State. At June 30, 2014, the District reported deferred outflows of resources and deferred inflows of resourcesrelated to pensions from the following sources:
Deferred
Outflom of
Resources
Deferred ?mflom
of Resources
Net difference between projected and actualearnings on pension plan investments
District contributions subsequent to themeasurement date $ 33,301,465
$ 29,516,000
Total $ 33,301,465 $ 29,516,000
$33,301,465 reported as deferred outflows of resources related to pensions resulting from District contributions subsequent to the measurement date will berecognized as a reduction of the net pension liability in the year ended June 30, 2016. Other amounts reported as deferred outflows of resources and deferred inflowsrelated to pensions will be recognized in pension expense as follows:
Year ended June 30:
2016 $ 5,903,2002017 5,903,200
2018 5,903,2002019 5,903,200
2020 $ 5,903,200
Continued
50
Notes to FiiiaiicialStatementsYear Ended Jur+e 30 2015
]'€%'y':'J tb'? .Jefferson Coi
Public E3dh
Shaping the Future
Note F-Retirement Plans-Continued
Actuarial assumptions-The total pension liability in the June 30, 2014 actuarial valuation was determined using the follow'ng actuarial assumptions, applied to allperiods included in the measurement:
Inflation
Projected salary icreasesInvestment rate of return, net of
investment expense & inflation
CERS
3.50%
4.50%
7.75%
KTRS
3.50%
4.0-8.2%
7.50%
For CERS, Mortality rates for the period after service retirement are according to the 1983 Group Annuity Mortality Table for all retired employees and beneficiariesas of June 30, 2006 and the 1994 Group Annuity Mortality Table for all other employees. The Group Annuity Mortality Table set forward five years is used for theperiod after disability retirement.
For KTRS, Mortality rates were based on the RP-2000 Combined Mortality Table for Males or Females, as appropriate, with adjustments for mortality improvements based ona projection of Scale AA to 2020 with a setback of l year for females. The last experience study was performed in 2011 and the next experience study is scheduled to beconducted in 2016.
For CERS, the long-term expected return on plan assets is reviewed as part of the regular experience studies prepared every five years. The most recent analysis,performed for the period covering fiscal years 2005 through 2008, is outlined in a report dated August 25, 2009. Several factors are considered in evaluating the long-term rate of return assumption including long-term historical data, estimates inherent in current market data, and a log-normal distribution analysis in whichbest-estimate ranges of expected future real rates of return (expected return, net of investment expense and inflation) were developed by the investment consultant foreach major asset class. These ranges were combined to produce the long-term expected rate of return by weighting the expected future real rates of return by thetarget asset allocation percentage and then adding expected inflation. The capital market assumptions developed by the investment consultant are intended for useover a 1 0-year horizon and may not be useful in setting the long-term rate of return for funding pension plans which covers a longer timeframe. The assumption isintended to be a long-term assumption and is not expected to change absent a significant change in the asset allocation, a change in the inflation assumption, or afundamental change in the market that alters expected returns in future years.
For KTRS, the long-term expected rate of return on pension plan investments was determined using a log-normal distribution analysis in which best-estimate rangesof expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These rangesare combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and byadding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class, as provided by KTRS's investmentconsultant, are summarized in the following table:
Continued
51
Notes to Fi?nancialStatementsYear Ended June 30 2015
A'Fk
Shaping the Future
Note F-Retirement Plans-Continued
Asset Class
TargetAllocation
Long-Term ExpectedReal Rate of Return
U.S. EquityNon U.S. EquityFixed Income
High Yield BondsReal Estate
Alternatives
Cash
Total
45.OoA
1 7.O%
24.O%
4.O%
4.O%
4.0%
2.0%
100.0%
6.4%
6.5%
1 .6%
3.l%
5.8%
6.8%
1.5%
Discount rate-For CERS, the discount rate used to measure the total pension liability was 7.75oA. The projection of cash flows used to determine the discount rateassumed that contributions from plan employees and employers will be made at statutory contribution rates. Projected inflows from investment earnings werecalculated using the long-term assumed investment return of 7. 75%. The long-term investment rate of return was applied to all periods of projected benefit paymentsto determine the total pension liability.
For KTRS, the discount rate used to measure the total pension liability was s .23%. The projection of cash flows used to determine the discount rate assumed that planmember contributions will be made at the current contribution rates and the emp}oyer contributions will be made by the state at statutorily required rates. Based onthose assumptions, the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan employeesuntil the 2036 plan year. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit paymentsthrough 2035 and a municipal bond index rate of 4.35% was applied to all periods of projected benefit payments after 2035. The Single Equivalent Interest Rate(SEIR) that discounts the entire projected benefit stream to the same amount as the sum of the present values of the two separate benefit payments streams was usedto determine the total pension liability.
Sensitivity of CERS and KTRS proportionate share of net pension liability to changes in the discount rate-The following table presents the net pension liability ofthe District, calculated using the discount rates selected by each pension system, as well as what the District's net pension liability would be if it were calculatedusing a discount rate that is 1 -percentage-point lower or 1 -percentage-point higher than the current rate (I calculated the amounts in this schedule:
Continued
52
Notes to Fi?naiicialStatementsYear Ended June 30 2015
2M .Jefferson CaPublic Sd>
Shaping the Future
Note F-Retirement Plans-Continued
1% Decrease Current Dis count Rate 1% Increase
CERS
District's proportionate shareof net pention liability
6.75%
230,300,419
7.75%
264,419,000
8.75%
298,537,581
KTRS
District's proportionate shareof net pention liability
4.23% 5.23% 6.23o/o
Pension plan fiduciary net position-Detailed information about the pension plan's fiduciary net position is available in the separately issued financial reporks of bothCERS and KTRS.
Retirement Plan-The District makes available various 401(k) and 403(b) defined contribution pension plans for all employees. These Plans are administered byindependent third party administrators. Employees are allowed to contribute any amount to the Plans up to the Internal Revenue Code maximum allowable amount. TheDistrict does not contribute to the Plans, but the District retains authority to amend or terminate these plans. During the fiscal year ended June 30, 2015, employees of theDistrict contributed $1,866,715 to 401 (k) plans and $8,823,499 to 403(b) plans.
Note G-Deferred Compensation
The District offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 45 7. The Plan, available to all employees, permitsthem to defer a portion of their salary until future years. This deferred compensation is not available to employees until termination, retirement, death or unforeseeableemergency. GASB Statement No. 32, Accounting and Financial Reportingfor Internal Revenue Code Section 45 7 Deferred Compensation Plans, allows entities with littleor no administrative involvement and who do not perform the investing function for these plans to omit plan assets and related liabilities from their financial statements.The District therefore does not show these assets and liabilities on its financial statements. The District does not contribute to these plans, and employees of the Districtcontributed $2,05 7,707 to these plans during the fiscal year ended June 30, 2015.
Note H-Post-Employment Health Care Benefits
Retired District employees receive some health care benefits depending on their length of service. In accordance with Kentucky Revised Statutes, these benefits are providedand advanced-funded on an actuarially determined basis through the CERS and the KTRS plans.
53
Notes to FinaiicialStatementsYear Ended Jur+e 30. 2015
Jefferson?CountyPublic Sd?s
d7?h.Shaping the Fututae
Note I-Commitments
On June 30, 2015, the District had outstanding commitments for construction of $51,912,095.
Note J-Contingencies
The District is subject to legal actions in various stages of litigation. Based on the advice of counsel, management of the District does not anticipate that there will be anymaterial effect on the financial position of the District as a result of the litigation presently in progress beyond the settlements recorded as liabilities as of June 30, 2015.
In the normal course of operations, the District receives funding from federal, state, and local govermnent agencies and private contributions. These funds are to be usedfor designated purposes only. For government agency grants, if the grantor's review indicates that the funds have not been used for the intended purpose, the grantor mayrequest a refund of monies advanced or refuse to reimburse the District for its expenditures. The amount of such future refunds and unreimbursed expenditures, if any, isnot expected to be significant. Continuation of the District's grant programs is predicated upon the grantor's satisfaction that the funds provided are being spent as intendedand the grantors' intent to continue their programs.
h'i addition, the District operates in a heavily regulated environment. The operations of the District are subject to the administrative directives, roles and regulations offederal and state regulatory agencies, including, but not limited to, the U.S. Department of Education and the Kentucky Department of Education. Such administrativedirectives, roles and regulations are subject to change by an act of Congress or the Kentucky Legislature or an administrative change mandated by the Kentucky Departmentof Education. Such changes may occur with little or inadequate funding to pay for the related cost, including the additional administrative burden to comply with a change.Currently, the District has budgeted for such unfunded and underfunded mandates as Early Childhood ($ 15.7 million), student transportation ($46.8 miMion), English as aSecond Language ($9.3 million), the State Agency Children's Program ($7.4 million), Special Education ($66. 1 mil!ion), and a new employer contribution'to one of thepensions that District employees participate in ($ 11.7 million), among others.
Note K-Insurance and Risk Financing Related Activities
The District is exposed to various forms of loss of assets associated with the risks of fire, personal liability, theft, vehicle accidents, errors and omissions, fiduciaryresponsibility, etc. Each of these risk areas is covered through the purchase of commercial insurance. To further reduce financial risk to the District, additional policiesare purchased to address the risk that claims could exceed the insurance coverage limits. Over the past three years, the District has not had claims that exceeded its insurancepolicies and excess policies. Since claims are entirely managed tmough commercial insurance, the District has no claims liability as of June 30, 2015.
54
Notes to FinaiicialStatementsYear Ermd June 30 2015
:oow M"Jefferson OoiPublic Sdh
Shaping the Future
Note L-Encumbrances
The District classifies encumbrances as Assigned Fund Balance in the General Fund and as Restricted Fund Balance in other funds on its Balance Sheet - GovernmentalFunds in accordance with a directive from the Kentucky Department of Education. Issuing and controlling purchase orders is traditionally a management function, andencumbering and releasing the encumbrance of fund balance is a function of the District's management with approval of members of our Board of Education. As ofJune 30, 2015, encumbrances were included in our Fund Balances as follows:
General Fund Assigned Fund BalanceGrants & Awards Fund Restricted Fund Balance
Construction Fund Restricted Fund Balance
Nonmajor governmental funds
$ 17,456,000
2,394,047
44,462,407
48,103
Total Encumbrances $ 64,360,557
Note M- Change in Accounting Principle and Related Changes to Certain Beginning Balances
Effective July 1, 2014, the District was required to adopt Governmental Accounting Standards Board (GASB) Statement no. 68, "Accounting and Financial Reportingfor Pensions" (GASB 68). GASB 68 replaced the requirements of GASB 27, "Accounting for Pensions by State and Local Governmental Employers" and GASB 50,"Pension Disclosures", as they relate to governments that provide pensions through pension plans administered as trusts or similar arrangements that meet certaincriteria. GASB 68 requires governments providing defined benefit pensions to recognize their long-term obligation for pension benefits as a liability to morecomprehensively and comparably measure the annual costs of pension benefits. Cost-sharing govermnental employers, such as the District, are required to report anet pension liability, pension expense and pension-related assets and liabilities based on their proportionate share of the collective amounts for all governments in theplan.
GASB 68 required retrospective application. Since the District only presents one year of financial information, the beginning net pension was adjusted to reflect theretrospective application. The adjustment resulted in a $256,195,138 reduction in beginning net position for governmental activities on the Statement of Activities andan increase of $34,291,63 8 of govermnental activities deferred outflows of resources - District contributions subsequent to the measurement date. On the Statementof Revenues, Expenditures and Changes in Net Position - Proprietary Funds, the adjustment resulted in a reduction of $7,18 7,879 to the beginning net position for theSchool Food Services Fund and a reduction of $493,231 for the nonmajor enterprise funds. This change reduced beginning net position $7,681,110 for the business-type activities on the Statement of Activities.
55
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Combiing Statement of Revenues, Expenditures andChanges in Fund Balances - Nonmajor Govemmental Funds
Board of Education of Jeffers on County, Kenhicky
Year Hnded June 30, 2015
BuildingTax
Fund
SHEK CapitalOutlayFund
Debt Service
Fund
District
ActivityFunds
Total
Nonma5orGovemmental
Funds
Rewnues
Local sources
Pmperty taxesState sources
SEEKpmgramKSFCC auocation
Other Sources
Total Rewinues
ExpendihiresInstniction
Plant operations & maitenanceDebt service
PrincipalInterest
Total Expendihires
$ 32,147,963
439,945 $
203,802
32,791,710
8,701,711$
8,701,711
8,171,6372,603,978 $
10,775,615
29,914,48516,034,197
45,948,682
719,682
719,682
104,2043,737
107,941
$ 32,147,963
9,141,6568,171,637
3,527,462
52,988,718
104,2043,737
29,914,485
16,034,197
46,056,623
Rewnues in Excess of
(Less Than) Expendihires
Other Financing Sources (Uses)Operating transfers inOperating transfers out
Total Other Financing Sources (Uses)
NetChangeinFundBalances
Fund Balances , Beginning of Year
FundBalances,EndofYear $
See hidependentauaitorsoueport
32,791,710
(38,832,169)
(38,832,169)
(6,040,459)
6,284,171
243,712 $
69
8,701,711
(8,701,711)
(8,701,711)
$
(35,173,067)
35,173,067
35,173,067
$
611,741
611,741
611,741 $
6,932,095
35,173,067
(47,533,880)
(12,360,813)
(5,428,718)
6,284,171
855,453
Combining Statement of Net Position - Nonmajor Proprietary Funds
Board of Education of Jeffers on County, Kenhicky
June 30, 2015
Adult
Education
Enterprise
Programs
Tuition
Pre-School
Daycare Total Nonmajor
Operations Enterprise FundsAs s ets
CurrentAssets
Cash and cash equivalentsAccounts receivable
Due from other funds
Total Assets
Deferred Outflows of Resources
Pension contributions after
measurement date
Liabilities
Current Liabilities
Due to other funds
Noncurrent Liabilities
Unfunded pension liabilities
Total Liabilities
Deferred?[nflows ofResources
Differences between projected andactual earnings on plan investments 15,049
Net Position
Unrestricted 12,030 16,073
TotalNetPosition $ 12,030 $ 16,073 $
70See mdependentAuditors'Report
$ 191,145$
134,820
181,046
191,145
46,226
16,980
21,689
21,689
$
10,555 $ 5,23826,897 208,653 $ 231,571
37,452 213,891 231,571
2,421
2,731
216,997
216,997
24,223
27,329
112,560
$ 112,560 $
120,739
120,739
13,478
15,206
191,145
15,793
467,121
674,059
62,246
46,226
494,245
540,471
55,171
140,663
140,663
Combining Statement of Revenues, Expenses and Changes inNet Position - Nonmajor Proprietary Funds
Board of mmcation of Jeffers on County, Kenhicky
Year Ended June 30, 2015
Adult Enterpris e Tuition Daycare Total NonmajorEducation Programs Pre-School Operations Enterprise Funds
$ 399,442 $ 101,090 $ 663,178 $ 27,341 $ 1,191,051Operating Rewinues
Tuition and fees
Operating Expenses
Salaries and personnel scrviccsEmployee benefitsPurchased professional servicesPurchased property maintenance servicesOtherpurchased servicesSupplies and materialsPropertyMiscellaneous
Total Operating Expenses
Loss From Operations
Non-Operating Rewinues (Expenses)State revenues
Transfers to other funds
Transfers from other funds
Interest income
Total Non-Operating Re'wnues(Expenses)
351,395
115,923
17,4603,409
63,358
13,548203
2,961
568,257
(168,815)
47,562
17,852
24,15745
1,990
5,723o
o
97,329
3,761
565,584
218,556
314,695
128,103
4,500565
974
20,229
1,060
10,766
480,892
(453,551)
1,279,236
480,434
46,117
4,019
66,322
40,922
1,628
13,727
1,932,405
(741,354)
1,422365
785,927
(122,749)
82,719
(1,753)o
417
9,594
24,213
113,333
183,099
566,445 772,091
(1,753)
207,312417
81,383 33,807 296,432 566,445 978,067
236,713
(96,050)
140,663
Change in Net Position
Net Position, Beginning of Year, as restated
NetPosition,EndofYear $
See hidependentAuditors'Report
(87,432)
99,462
12,030 $
71
37,568
(21,495)
16,073 $
173,683
(173,683)
$
112,894
(334)
112,560 $
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li
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r171
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Debt Capacity Data - Debt burden and capacity for future bonding
Ir
Demographic & Economic Information - Jefferson County residents and econom
Operating Information - Quantitative information about our district
r
j?k
:f?'4
Jefferson County,Public Schools
A'F'?t?
Shaping the Future
Board of Education of leffers on County, Kentucky
Statement of Net Position
Ten Years' Trend Data
Net Position-Gowrnmental
Net investmest in capital assetsRestricted
Unrestricted
Total Net Postion-Gowirnmental
Net Position-ProprietarySchool Food Services
Adult Education
Enterprise PrograrnsTuition Pre-School
Daycare Operations
Total Net Position-Proprietary
Net Position-Total Primary Gowrnment $
$
2015
255,725,319
78,544,164
(204,651,989)
129,617,494
19,036,564
12,030
16,073
112,560
19,l 77,227
148,794,721
$
$
2014
256,413,828 $73,171,127
(205,650,752)
123,934,203
18,999,124
81,453
(24,392)
(202,668)
(16,462)
l 8,837,055
142,771,258 $
2013
228,677,128 $
81,363,249
(196,194,721)
113,845,656
20,995,556
66,915
(23,042)
(224,078)18,734
20,834,085
134,679,741 $
2012
212,188,178 $
86,615,249
(200,031,501)
98,771,926
21,457,951
16,655
(24,542)
(212,419)
(100,132)
21,137,513
119,909,439 $
2011
143,500,299
138,292,201
(181,333,151)
100,459,349
19,574,978
10,754
73,161
(165,054)136,970
19,630,809
120,090,158
Continued
75
Jefferson County,Public Schools
?t?Shaping the Future
Board of Education of Jefferson County, Kentucky
Statement of Net Position-Continued
Ten Years' Trend Data
Net Position-Gowrnmental
Net investment in capital assetsRestricted
Unrestricted
Total Net Position-Gowrnmental
Net Position-ProprietarySchool Food Services
Adult Education
Enterprise PrograrnsTuition Pre-School
Daycare Operations
Total Net Position-Proprietary
Net Position-Total Primary Gowrnment $
$
2010
145,886,072
86,818,595
(176,215,908)
56,488,759
16,898,110
78,855
(24,542)
(175,217)198,573
16,975,779
73,464,538
$
$
2009
104,398,168 $
90,770,829
(166,841,273)
28,327,724
13,004,503
50,544
(24,542)
(238,201)35,926
12,828,230
41,155,954 $
2008
89,945,354 $
119,975,819
(209,365,425)
555,748
11,475,706
72,397
(24,542)(246,552)
46,201
11,323,210
11,878,958 $
2007
56,390,336 $
133,383,192
(232,431,471 )
(42,657,943)
11,471,148
175,112
(24,542)
(129,045)89,132
11,581,805
(31,076,138) $
2006
50,206,807
56,755,472
(182,950,700)
(75,988,421)
11,528,264
430,973
(24,542)(129,147)
(136,619)
11,668,929
(64,319,492)
76
Jeffersm County.Public Schools
/f+?Shaping the Future
Board of Education of Jefferson County, Kentucky
Statement of Activities-Govenimental Activities
Ten Years' Trend Data
Govemmental activities
Instmction
Student support servicesInstmctional staff
support scrvicesDistrict adrrnnistrative
support servicesSchool administrative
support services
Business support serviccs
Community services
Transportation
Plant operations andmaintenance
Other instmctional
support servicesMisceuaneous
Interest expense
Total governmental activities
Program RevenuesTuition
Operating grantsFacility grants
Total program revenues
Net Expense
Contjnued
$
2015
729,319,975 $60,064,328
133,254,466
7,711,286
94,277,648
33,236,652
16,012,870
87,973,527
108,222,195
34,945
466,078
16,244,178
1,286,818,148
586,509
99,577,458
8,171,637
108,335,604
$ (1,178,482,544) s
2014
633,177,394 $
50,729,048
118,955,171
6,972,822
84,150,967
38,844,491
9,134,416
84,374,237
103,975,188
10,000
3,572,370
14,825,786
1,148,721,890
902,489
104,010,029
7,638,789
112,551,307
(1,036,170,583) $
77
2013
625,366,756 $
51,229,772
126,848,770
6,527,172
86,610,539
43,593,985
11,083,387
85,671,454
105,742,034
54,928
3,785,214
15,146,527
1,161,660,538
1,100,286
130,277,504
7,908,035
139,285,825
(1,022,374,713) $
2012
623,418,868 $
54,160,536
116,883,482
6,710,803
83,704,696
41,172,767
8,791,352
84,51 7,760
108,900,724
334,291
199,367
16,778,960
1,145,573,606
1,738,713
150,396,249
6,999,453
159,134,415
(986,439,191) $
2011
601,363,634
52,377,988
107,964,725
7,442,377
78,484,265
35,599,686
9,727,125
77,970,038
101,928,275
272,702
15,314,561
1,088,445,376
1,197,658
164,772,564
7,216,749
173,186,971
(915,258,405)
Jefferson County,Public Schools
/f+?Shaping the Future
Board of Education of Jefferson County, Kentucky
State me nt of Activities -Gove rmne ntal Activities -Continue d
Ten Years' Trend Data
Net Expense
General revenues
Taxes
Property taxes
Occupational taxesOther taxes
State sources
SEEK programOther state revenues
Interest and ivestment
earnings
Misce?laneous
Total general revenues
Change in net position
Net position, beginning of year
Net position, end of year $
$
2015
(1,178,482,544) $
397,722,644139,825,24249,482,553
277,043,057311,578,993
1,389,7557,123,591
1,184,165,835
5,683,291
123,934,203
129,617,494 $
2014
(1,036,170,583) $
388,628,855132,569,31246,500,119
270,658,773196,206,023
1,663,95210,032,096
1,046,259,130
10,088,547
113,845,656
123,934,203 $
2013
(1,022,374,713) $
380,134,468128,882,35554,640,894
272,230,951193,512,525
978,2057,069,045
1,037,448,443
15,073,730
98,771,926
113,845,656 $
2012
(986,439,191) $
365,737,213120,452,40034,973,193
273,991,724183,731,465
1,914,0293,951,744
984,751,768
(1,687,423)
100,459,349
98,771,926 $
2011
(915,258,405)
358,237,321116,762,42047,887,9l5
252,901,298
180,801,232
},551548
1,081,261
959,228,995
43,970,590
56,488,759
100,459,349
Continued
78
Jefferson Oounty,Public Schools
A'F'kt?
Shaping the Future
Board of Education of Jeffers on County, Kentucky
State me nt of Activities-Gove rnme ntal Activities-Continue d
Ten Years' Trend Data
Govemmental activities
Instruction
Student support servicesInstructional staff
support servicesDistrict administrative
support servicesSchool administrative
support services
Business support services
Comrnunity services
Transportation
Plant operations andmaintenance
Other instmctional
support servicesMiscellaneous
Interest expense
Total governmental activities
Program RevenuesTuition
Operating grantsFacility grants
Totalprogramrevenues
Net Expense
$
$
2010
586,940,824 $
51,213,194
97,416,936
6,712,202
76,618,966
37,261,343
9,332,818
69,694,236
94,416,023
252,475
4,315,433
16,644,665
1,050,819,115
952,947
145,154,703
9,804,218
155,911,868
(894,907,247) $
2009
567,062,406 $
47,260,140
88,301,522
1373,701
74,120,767
36,802,256
8,615,638
70,651,675
99,745,065
258,204
3,175,106
17,747,995
1,021,114,475
1,311,875
110,408,995
9,248,709
120,969,579
(900,144,896) $
79
2008
549,932,851 $
45,509,104
90,993,211
7,130,993
71,838,251
34,326,827
8,670,699
67,519,376
98,100,755
166,191
3,305,599
19,214,136
996,707,993
1,114,407
105,294,200
9,090,946
115,499,553
(881,208,440) $
2007
517,592,355 $
43,244,003
92,089,154
6,905,255
66,309,624
34,986,394
8,224,193
66,646,414
91,125,781
388,031
5,661,500
18,114,794
951,287,498
1,079,992
102,393,400
8,308,984
111,782,376
(839,505,122) $
2006
493,082,823
34,196,099
102,337,492
6,125,608
62,783,662
34,929,686
8,056,206
62,658,644
93,156,097
241,768
784,335
15,007,609
913,360,029
1,576,413
104,314,087
8,042,453
113,932,953
(799,427,076)
Continued
Jefferson County,Public Schools
A'F'?l*?
Shaping the Future
Board of Education of Jefferson County, Kentucky
S tate me nt of Activitie s -Gove rnme ntal Activitie s -Continue d
Ten Years' Trend Data
Net Expense
General revenues
Taxes
Property taxes
Occupational taxesOther taxes
State sources
SEEK programOther state revenues
Interest and jnvestment
earnings
Miscellaneous
Total general revenues
Change in net position
Net position, beginnmg of year
Net position, end of year $
$
2010
(894,907,247) $
343,812,796110,682,46243,319,554
241,750,526
175,984,586
2,427,240
5,091,118
923,068,282
28,161,035
28,327,724
56,488,759 $
2009
(900,144,896) $
328,495,070
113,318,876
34,987,134
269,763,902
173,009,074
4,282,113
4,060,703
927,916,872
27,771,976
555,748
28,327,724 $
2008
(881,208,440) $
319,540,044115,133,75636,241,922
265,416,143171,494,761
11,315,475
5,280,030
924,422,131
43,213,691
(42,657,943)
555,748 $
2007 2006
(839,505,122) $ (799,427,076)
294,485,592114,809,53536,834,544
239,847,485162,195,817
12,981,233
11,681,394
872,835,600
33,330,478
(75,988,421)
(42,657,943) $
278,229,137
106,235,305
40,667,124
238,068,370
154,792,792
6,860,125
8,462,185
833,315,038
33,887,962
(109,876,383)
(75,988,421)
80
Jefferson County,Public Schools
A'F'?t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Statemem of Activities-Business-Type Activities
Ten Years' Trend Data
Business-type activitiesSchool food services
Adult education
Enterprise programsTuition-based pre-school
Day care operations
Total business-type activities
Program RevenuesLunchroomsales
Tuition and fees
Grants
Total program rcvcnucs
Net Expense
General revenucs
Interest
Transfers In
Miscellaneous
Total general revenues
Change * net assets
Net position, beginning ofyear
Net position, end of year $
Continued
2015
$ 62,724,047 s
568,257
97,329
785,927
480,892
64,656,452
5,929,215
1,191,051
53,716,102
60,836,368
(3,820,084)
3,132,142
(687,942)
19,865,169
19,177,227 $
15,502
3,116,640
2014
57,940,891 $
479,264
97,470
721,285
712,447
59,951,357
8,115,697
1,184,280
45,615,744
54,915,721
(5,035,636)
19,302
3,019,304
3,038,606
(1,997,030)
21,862,199
19,865,169 $
81
2013
57,814,952 $
457,769
91,921
898,025
703,320
59,965,987
9,547,373
1,748,815
45,365,186
56,661,374
(3,304,613)
21,294
2,979,891
3,001,185
(303,428)
22,165,627
21,862,199 $
2012
53,687,809 $
652,770
705,302
1,027,844
1,314,653
57,388,378
10,188,86=4
2,666,252
46,004,126
58,859,242
1,470,864
35,840
35,840il
1,506,704
20,658,923
22,165,627 $
2011
48,743,018
886,965
227,840
1,076,500
1,354,524
52,288,847
10,689,363
2,948,205
41,276,054
54,913,622
2,624,775
30,255
30,255
2,655,030
18,003,893
20,658,923
Jefferson County,Public Schools
A?+t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Statement of Activities-Business-Type Activities-Continued
Ten Years' Trend Data
Business-type activitiesSchool food services
Enterprise programsAdult education
Tuition-based pre-schoolDay care operations
Total bus ines s -type activitiei
Program RevenuesLunchroomsales
Tuition and fees
Grants
Total program revenues
Net Experise
General revenues
Interest
Transfers In
Mis ceuaneous
Total general revenues
Change in net pos ition
Net position, beginning ofyear
Net pos ition, end of year $
2010
$ 46,664,227 $818,928
?,747,773
985,099
50,216,027
22,078
(52,221)
(30,143)
4,147,549
13,856,344
18,003,893 $
11,072,5093,141,576
40,179,634
54,393,719
4,177,692
2009
48,578,438 $
602,040
1,897,467
935,317
52,013,262
12,103,704
2,934,741
38,367,708
53,406,153
1,392,891
32,385
79,744
112,129
1,505,020
12,351,324
13,856,344 $
82
2008
43,978,315 $
850,873
1,606,645
775,998
47,211,831
12,728,447
2,821,077
31,129,463
46,678,987
(532,844)
219,327
54,922
274,249
(258,595)
12,609,919
12,351,324 $
2007
42,589,437 $
1,031,214
1,220,000
1,110,925
45,951,576
12,471,226
3,200,535
29,841,671
45,513,432
(438,144)
294,215
56,805
351,020
(87,124)
12,697,043
12,609,919 $
2006
39,037,601
1,067,753
1,092,906
41,198,260
11,667,458
1,945,866
25,867,544
39,480,868
(1,717,392)
277,522
2,980,131
65,532
3,323,185
1,605,793
11,091,250
12,697,043
Jefferson County,Public Schools
??Shaping the Future
Board of Education of Jefferson County, Kentucky
Statement of Activities-Total Primary Govermnent
Ten Years' Trend Data
2015 2014 2013 2012 2011
Primary government activitiesInstmction
Student support servicesInstmctional staff
support servicesDistrict administrative
support servicesSchool administrative
support services
Business suppork services
Community services
Transportation
Plant operations andmaintenance
Other
School Food services
Adult education
Enterprise programsTuition-based pre-schoolDay care operationsInterest expense
$ 729,319,975
60,064,328
133,254,466
7,711,286
94,277,648
33,236,652
16,012,870
87,973,527
108,222,195
501,023
62,724,047
568,257
97,329
785,927
480,892
16,244,178
$ 633,177,394
50,729,048
118,955,171
6,972,822
84,150,967
38,844,491
9,134,416
84,374,237
103,975,188
3,582,370
54,921,587
479,264
91470
721,285
7?2,447
14,825,786
$ 625,366,756
51,229,772
126,848,770
6,527,172
86,610,539
43,593,985
11,083,387
85,671,454
105,742,034
3,840,142
54,835,061
457,769
91,921
898,025
703,320
15,146,527
$ 623,418,868
54,160,536
116,883,482
6,710,803
83,704,696
41,172,767
8,791,352
84,517,760
108,900,724
533,658
53,687,809
652,770
705,302
1,027,844
1,314,653
16,778,960
$ 601,363,634
52,377,988
107,964,725
1442,377
78,484,265
35,599,686
9,727,125
71970,038
101,928,275
272,702
48,743,018
886,965
227,840
1,076,500
1,354,524
15,314,561
Total primary activities 1,351,474,600 1,205,653,943 1,218,646,634 1,202,961,984 1,140,734,223
PmgramrevenuesLunchmomsales
Tuition and fecs
Grants
5,929,215
1,777,560
161,465,197
8,115,697
2,086,769
157,264,562
9,547,373
2,849,101
183,550,725
10,188,864
4,404,965
203,399,828
10,689,363
4,145,863
213,265,367
Totalpmgramrevenues
Net Hxpense
169,171,972
$ (1,182,302,628)
167,467,028 195,947,199
$ (1,038,186,915) $ (1,022,699,435)
83
217,993,657
$ (984,968,327) $ (912,633,630)
228,100,593
Continued
Jefferson CounfyPublic Schools
?t?Shaping the Future
Board of Education of Jefferson County, Kentucky
Statement of Activities -Total Primary Government-Continued
Ten Years' Trend Data
2010 2009 2008 2007 2006
Pr'mary government activitieshistmction
Student support serviccsInstructional staff
support servicesDistrict administrative
support servicesSchool administrative
support services
Business support servicesCon'imunity services
Transporkation
Plant operations andrnaitenance
Other
School Food services
Adult education
Enterprise programs
Tuition-based pre-schoolDay care operationsI[nterest expense
Total primary activities
$ 586,940,824
51,213,194
97,416,936
6,712,202
76,618,966
37,261,343
9,332,818
69,694,236
94,416,023
4,567,908
46,664,227
818,928
1,741773
985,099
16;644,665
1,101,035,142
$ 567,062,406
47,260,140
88,301,522
1373,701
74,120,767
36,802,256
8,615,638
70,651,675
99,745,065
3,433,310
48,578,438
602,040
1,897,467
935,317
11747,995
1,073,121737
$ 549,932,851
45,509,104
90,993,211
7,130,993
71,838,251
34,326,827
8,670,699
67,519,376
98,100,755
3,471,790
43,978,315
850,873
1,606,645
775,998
19,214,136
1,043,919,824
$ 517,592,35543,244,003
92,089,154
6,905,255
66,309,624
34,986,394
8,224,193
66,646,414
91,125,781
6,049,531
42,589,437
1,031,214
1,220,000
1,110,925
18,114,794
997,239,074
$ 493,082,823
34,196,099
102,337,492
6,125,608
62,783,662
34,929,686
8,056,206
62,658,644
93,156,097
1,026,103
39,037,601
1,067,753
1,092,906
15,007,609
954,558,289
Program revenuesLunchroom sales
Tuition and fees
Grants
11,072,509
4,094,523
195,138,555
12,103,704
4,246,616
158,025,412
12,728,447
3,935,484
145,514,609
12,471,226
4,280,527
140,544,055
11,667,458
3,522,279
138,224,084
Total program rcvcnues 210,305,587 174,375,732 162,178,540 157,295,808 153,413,821
Net Expense $ (890,729,555) $ (898,752,005) $ (881,741,284) $ (839,943,266) $ (801,144,468)
Continued84
Jefferson County,Public Schook,
??Shaping the Future
Board of Education of Jefferson County, Kentucky
Statement of Activities-Total Primary Goveniment-Continued
Ten Years' Trend Data
Net Expense
General revenues
Taxes
Property taxes
Occupational taxesOther taxes
State sources
SEEK programOther state revenues
Interest and ivestment
earnings
District supportMiscellaneous
Total general revenues
Change in net position
Net position, beginning ofyear
Net position, end of year $
2015 2014
$ (1,182,302,628) $ (1,038,186,915) $
397,722,644
139,825,242
49,482,553
277,043,057
311,578,993
1,405,257
10,240,231
1,187,297,977
4,995,349
143,799,372
148,794,721 $
388,628,855
132,569,312
46,500,119
270,658,773
196,206,023
1,683,254
10,032,096
1,046,278,432
8,091,517
135,707,855
143,799,372 $
2013 2012 2011
(1,022,699,435) $ (984,968,327) $ (912,633,630)
380,134,468
128,882,355
54,640,894
272,230,951
193,512,525
999,499
7,069,045
1,037,469,737
14,770,302
120,937,553
135,707,855 $
365,737,213
120,452,400
34,973,193
273,991,724
183,731,465
1,949,869
3,951,744
984,787,608
(180,719)
121,118,272
120,937,553 $
358,237,321
116,762,420
47,887,915
252,901,298
180,801,232
1,587,803
1,081,261
959,259,250
46,625,620
74,492,652
121,118,272
Contiued
85
Jeffe.rson County,Pubric Schools
??Shaping the Future
Board of Education of Jefferson County, Kentucky
Statement of Activities-Total Primary Goveniment-Continued
Ten Years' Trend Data
Net Expense
General revenues
Taxes
Property taxes
Occupational taxesOther taxes
State sources
SEEK programOther state revenues
Interest
District supportMisceuaneous
Total general revenues
Change in net position
Net position, beginnig of year
Net position, end of year
2010
$ (890,729,555) $
$
343,812,796
110,682,462
43,319,554
241,750,526
175,984,588
2,449,318
5,038,895
923,038,139
32,308,584
42,184,068
74,492,652 $
2009
(898,752,005) $
328,495,070113,318,87634,987,134
269,763,902
173,009,074
4,314,498
4,140,447
928,029,001
29,276,996
12,907,072
42,184,068 $
2008 2007 2006
(881,741,284) $ (839,943,266) $ (801,144,468)
319,540,044
115,133,756
36,241,922
265,416,143
171,494,761
11,534,802
5,334,952
924,696,380
42,955,096
(30,048,024)
12,907,072 $
294,485,592
114,809,535
36,834,544
239,847,485
162,195,817
13,275,448
11,738,199
873,186,620
33,243,354
(63,291,378)
(30,048,024) $
278,229,137
106,235,305
40,667,124
238,068,370
154,792,792
7,137,(547
2,980,131
8,527,7l7
836,638,223
35,493,755
(98,785,133)
(63,291,378)
86
Jefferson CounfyPublic School:s
A?t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Balance Sheet-Governmental Activities
Ten Years' Trend Data
2015 2014 2013 2012 2011
Assets
Cash and investments
Accounts and grants receivablePrepaid expendituresInventories
Due from other funds
Total Assets
$ 277,628,167
37,7 11,654
4,203,103
3,704,679
129,238,358
$ 452,485,961
$ 306,906,497
32,847,816
4,556,994
4,335,648
109,339,833
$ 457,986,788
$ 279,036,973
36,686,755
3,019,703
4,958,930
112,763,357
$ 436,465,718
$ 290,701,542
43,397,301
2,741,976
5,026,350
127,704,525
$ 469,571,694
$ 331,934,581
46,609,998
2,375,158
4,426,882
168,930,546
$ 554,277,165
Liabilities
Accmed liabilities
Due to other funds
Defer?ed revenue
Total Liabilities
$ 104,580,712
124,267,169
228,847,881
$ 110,290,529103,504,919
213,795,448
$ 110,169,011106,609,314
216,778,325
$ 111,968,326125,148,029
11,268,926
248,385,281
$ 95,632,934167,174,848
12,633,149
275,440,931
FundBalances
NonspendableRestricted
Capital Pro5ects FundSpecial Revenue Funds
AssignedComrnitted
Unassigned, General Fund
Total Fund Balances
Total Liabilities and Fund Balances
7,907,782
92,954,598
11,475,601
17,456,000
36,000,000
57,844,099
223,638,080
$ 452,485,961
8,892,642
107,817,40216,293,378
8,737,485
36,000,000
66,450,433
244,191,340
$ 457,986,788
87
7,978,633
44,650,625
44,810,633
18,078,918
36,000,000
68,168,584
219,687,393
$ 436,465,718
7,768,326
53,546,380
54,724,154
36,000,000
69,147,553
221,186,413
$ 469,571,694
6,802,040
89,067,365
65,332,512
36,000,000
81,634,317
278,836,234
$ 554,277,165
Continued
Jefferson County.Public Schools
/f'+t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Balance Sheet-Govermnental Activities-Continued
Ten Years' Trend Data
2010 2009 2008 2007 2006
Assets
Cash and investments
Accounts and grants receivablePrepaid expendituresInventories
Due from other funds
$ 280,532,347
42,867,310
4,221,212
4,432,914
127,908,470
$ 288,387,580
36,649,922
2,733,446
4,508,767
145,551,530
$ 250,364,318 $
36,181,139
3,310,581
4,930,086
158,512,659
236,063,791
60,361,542
3,434,397
5,029,809
164,302,157
$ 155,735,353
46,765,083
2,781,250
6,155,699
113,193,845
Total Assets $ 459,962,253 $ 477,831,245 $ 453,298,783 $ 469,191,696 $ 324,631,230
Liabilities
Accounts payable and accmed liabilitiesDue to other funds
Deferred revenue
$ 93,101,911
125,790,230
12,711,967
$ 84,532,524
143,079,045
10,920,210
$ 56,420,516 $
155,972,801
15,832,634
73,205,298
162,373,298
18,899,907
$ 55,905,512
111,138,392
17,922,923
Total Liabilities 231,604,108 238,531,779 228,225,951 254,478,503 184,966,827
FundBalances
NonspendableRestricted
Capital Projects FundSpecial Revenue Funds
AssignedCo mm't t e d
Unassigned, General Fund
8,654,126
15,682,456
51,992,267
36,000,000
26,191,701
89,837,595
7,242,213
65,233,(540
19,365,290
35,800,000
32,777,8?7
78,880,506
8,240,667
101,817,244
35,800,000
31,111,905
48,103,016
8,464,206
110,518,518
592,827
23,800,000
37,830,853
33,506,789
8,936,949
31,831,488
230,306
23,800,000
32,316,334
42,549,326
Total Fund Balances 228,358,145 239,299,466 225,072,832 214,713,193 139,664,403
Total Liabilities and Fund Balances $ 459,962,253 $ 477,831,245 $ 453,298,783 $ 469,191,696
88
$ 324,631,230
Jefferson County,Public Schools
K>m
Shaping the Future
Board of Education of Jefferson County, Kentucky
Statement of Revenues, Expenditnns and Changes in Fund Balances-Govermnental Activities
Ten Years' Trend Data
2015 2014 2013 2012 2011
Revenues
Local sources
Pmpeity taxes
Occupational taxesOther taxes
Grants from local agencies and donorsState sources
SEEK programOther state resources
Grants
Interest
Other sources
$ 397,722,644
139,825,24249,482,553
8,435,955
277,043,057229,841,53591,141,503
1,389,75511,654,931
$ 388,628,855
132,569,312
46,500,1199,881,427
270,658,773203,844,812
94,128,6021,663,952
10,814,937
$ 380,134,468
128,882,35554,640,89411,197,615
272,230,951201,420,560119,079,889
978,20511,046,052
$ 365,737,213
120,452,40034,973,19310,762,323
273,991,724190,730,918139,633,926
1,914,029
12,903,594
$ 358,237,321
116,762,42047,887,915
9,354,941
252,901,298188,017,981155,417,623
1,557,54810,154,529
Total Revenues 1,206,537,175 1,158,690,789 1,179,610,989 1,151,099,320 1,140,291,576
ExpendituresInstruction
Student support servicesInstmctional staff support services
District administrative support servicesSchool administrative support servicesBusiness support servicesCommunity ServicesTransportation
626,202,62553,898,592
136,595,7874,074,121
86,706,81140,124,691
9,785,79980,815,562
599,752,77150,904,421
125,814,9403,643,083
85,727,500
42,730,7149,605,723
85,953,279
588,571,94151,190,099
124,783,834
3,09175885,986,39642,920,0679,741355
79,557,078
592,126,99054,328,820
122,772,3263,409,083
85,432,98843,684,780
9,809,15187,314,648
576,492,67452,611,443
112,615,6844,546,755
79,446,24631491739
9,483,89977,350,835
Continued
89
Jefferson CountyPublic Sctxxfi
?t?Shaping the Future
Board of Bducation of Jefferson County, Kentucky
Statement of Revenues, Expenditures and Changes in Fund Balances-Governmental Activities-Continued
Ten Years' Trend Data
2015 2014 2013 2012 2011
Expenditures-ContinuedPlant operations and maintenance
Other istmctional support servicesBuilding renovationsOther
Debt servicc
PrincipalInterest
Total Expenditures
OtherFiancing Sources (Uses)
Bond proceeds net ofdiscounts and refunding issuesTransfers in
Transfers out
Total Other Fiancmg Sources (lJses)
Net Change m Fund Balances
Fund Balances , Begmning of Year
FundBalances,EndofYear
Ratio oftotal debt servicc expenditures tototal noncapital expenditures
Contjnued
18,645,850
53,480,763
(56,597,403)
15,529,210
(20,553,260)
244,191,340
$ 223,638,080
107,834,439
27,404
47,130,013
3,475,119
29,914,485
16,034,197
1,242,619,645
0.040
103,957,976
10,000
48,640,389
3,358,550
34,623,248
15,265,077
1,209,987,671
78,820,133
71555,249
(80,574,553)
75,800,829
24,503,947
219,687,393
$ 244,191,340
0.044
$
105,710,395
54,928
60,142,086
3,754,979
34,170,699
16,023,720
1,205,711,335
27,581,217
112,371,790
(115,351,681)
24,601,326
(1,499,020)
221,186,413
219,687,393
0.044
$
108,826,313
335,179
63,027,554
3,899,135
27,060,652
17,058,154
1,219,085,773
13,383,020
64,712,448
(67,758,836)
10,336,632
(57,649,821)
278,836,234
221,186,413
0.042
$
101,796,786
272,702
47,050,306
4,?64,745
25,155,984
15,655,119
1,144,140,917
57,327,491
134,838,548
(137,838,609)
54,327,430
50,478,089
228,358,145
278,836,234
0.040
90
Jeffe.rson CounfyPublic Schools
A'F'k?Shaping the Future
Board of Bducation of Jefferson County, Kentucky
Statement of Revenues, Expenditures and Changes in Finid Balances-Govenirr?ntal Activities-Continued
Ten Years' Trend Data
2010 2009 2008 2007 2006
Revenues
Local sources
Pmperty taxes
Occupational taxesOther taxes
Grants from local agencies and donorsState sources
SEEKpmgramOther state resources
Grants
Interest
Other sources
$ 343,812,796110,682,46243,319,55411,012,824
241,750,526185,788,804134,141,879
2,427,240
9,564,573
$ 328,495,070
113,318,87634,987,134
269,763,902182,257,783110,408,995
4,282,113
8,542,154
$ 319,540,044
115,133,75636,241,922
265,416,143180,585,707106,408,607
11,342,8158,221,034
$ 294,485,592
114,809,53536,834,544
239,847,485170,504,801103,473,392
12,916,393
14,452,024
$ 278,229,137
106,235,30540,667,124
238,068,370162,835,245
105,890,5006,897,625
8,093,260
Total Revenues 1,082,500,658 1,052,056,027 1,042,890,028 987,323,766 946,916,566
Expenditureshistmction
Student support servicesInstmctional staff support services
District administrative support servicesSchool administrative support servicesBusiness support servicesCommunity ServicesTransportation
560,927,57851,321,43999,322,8224,221 127
77,604,813
37,661,7809,174,771
68,806,202
537,594,69047,333,61989,346,483
4,950,10974,49?,05537,218,693
8,459,50967,270,903
523,160,93445,760,603
94,128,3544,640,642
72,310,51436,111,058
8,530,68365,255,946
492,214,62043,240,18491,942,870
4,590,76366,303,76834,967,5968,018,509
62,223,402
465,024,42934,136,92898,191,644
4,067,74362,718,82933,872,733
7,966,38155,929,029
Contiued
91
Jeffe?rson Coun'ff jPublic ?s
KF+t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Staternent of Revenues, Expenditures and Changes in Finid Balances-Govermnental Activities-Continued
Ten Years' Trend Data
2010 2009 2008 2007 2006
Expenditures-ContiuedPlant operations and maintenanceOther istmctional support servicesCapital outlayOther
Debt service
PricipalInterest
Total Expenditures
Other Fmancing Sources (Uses)Pmceeds fromsaleofpropertyBond proceeds net of discounts and refunding issuesTransfers m
Transfers out
Total Other Financing Sources (Uses)
Net Cbange in Fund Balances
FundBalances,BeginningofYear
Fund Balances, End of Year
Ratio of total debt service expenditures tototal noncapital expenditures
$
94,181,196
275,380
39,087,629
4,373,144
26,651,664
17,281,673
1,090,897,218
531,824
109,483,200
(112,559,785)
(2,544,761)
(10,941,321)
239,299,466
228,358,145
0.043
$
99,720,515
258,204
36,512,883
3,176,426
24,384,579
18,853,867
1,049,571,535
14,911,718
51,622,374
(54,791,950)
11,742,142
14,226,634
225,072,832
239,299,466
0.043
98,549,474
166,872
35,497,582
3,439,877
24,349,338
18,755,506
1,030,657,383
1,068,000
47,221,881
(50,162,887)
(1,873,006)
10,359,639
214,713,193
$ 225,072,832
0.044
90,612,231
388,023
50,1( 1,464
5,900,875
21,112,011
17,634,208
989,253,524
294,380
79,509,491
75,100,768
(77,926,091)
76,978,548
75,048,790
139,664,403
$ 214,713,193
0.042
92,124,980
241,768
33,630,519
660,806
18,857,012
15,240,661
922,663,462
368,925
59,881,742
(62,862,373)
(2,611,706)
21,641,398
118,023,005
$ 139,664,403
0.038
92
Jefferson County,Public Sctxx>ls
A?k?Shaping the Future
Board of Education of Jefferson County, Kentucky
General Goveniment Expenses by Functionl
Ten Years' Trend Data
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
Iititmction
$ 729,319,975
633,177,394
625,366,756
623,418,868
601,363,634
586,940,824
567,062,406
549,932,851
517,592,355
$ 493,082,823
Student
SupportServices
$ 60,064,328
50,729,048
51,229,772
54,160,536
52,377,988
51,213,194
47,260,140
45,509,104
43,244,003
$34,196,099
Instmctional
Staff SupportServices3
$133,254,466118,955,171126,848,770
116,883,482
107,964,725
97,416,936
88,301,522
90,993,211
92,089,154
$102,337,492
District
Administrative
Support Services
$
$
7,711,286
6,972,822
6,527,172
6,710,803
7,442,377
6,712,202
7,373,701
7,130,993
6,905,255
6,125,608
School
Administrative
Suppork Services
$ 94,277,648
84,150,967
86,610,539
83,704,696
78,484,265
76,618,96674,120,767
71,838,251
66,309,624
$ 62,783,662
Business
SupportServices2
$ 33,236,652
38,844,491
43,593,985
41,172,767
35,599,686
37,261,343
36,802,256
34,326,827
34,986,394
$ 34,929,686
l
Coimnunity.2
Services
$16,012,870
9,134,416
11,083,387
8,791,352
9,727,125
9,332,818
8,615,6388,670,699
8,224,193
$ 8,056,206
Transportation
$ 87,973,527
84,374,237
85,671,454
,84,51 7,760
77,970,O38
69,694,236
70,651,675
67,519,376
66,646,414
$ 62,658,644
Plant Operationsand Maintenance
$ 108,222,195103,975,188105,742,034108,900,724101,928,27594,416,02399,745,06598,100,755
91,125,78193,156,097$
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
Other
Instmctional
Support Services
$
$ 10,000
54,928
334,291
272,702
252,475
258,204
166,191
388,031
$ 241,768 $
Other
501,023
553,066
805,323
199,367
4,315,433
3,175,106
3,305,599
5,661,500
784,335
Interest
$ 16,244,178
14,825,786
15,146,527
16,778,960
15,314,561
16,644,665
1 7,747,995
19,214,136
18,114,794
$ 15,007,609
School Food
Services
$ 62,724,04757,940,89157,814,952
53,687,809
48,743,018
46,664,227
48,578,438
45,436,764
42,589,437
$ 39,037,601
Adult Education"
$ 568,257
479,264
457,769
652,770
886,965
818,928
602,040
850,873
1,031,214
$ 1,067,753
EnterprisePrograrns
$ 97,32997,47091,921
705,302
$ 227,840
Tuition-based
Pre-school
$
$
785,927
721,285
898,025
1,027,844
1,076,500
1,747,773
1,897,467
1,606,645
1,220,000
1,092,906
Daycare
Operations'
$ 480,892
712,447
703,320
1,314,653
1,354,524
985,099
935,317
775,998
$ 1,110,925
Total
$1,351,474,6001,205,653,9431,218,646,6341,202,961,9841,140,734,2231,101,035,1421,073,127,737
1,045,378,273
997,239,074
$ 954,558,289
I
General governmen( includes all governmental and enterprise funds.a Due to functiona} data reclassifications, Community Sersrices and Adult Educa(ion expenses are now discree(ly presen(ed.
Also, Central Office Suppor( Serviccs were reclassified to either Business %port Services or Instruc(ional Staff SupportServices depending on the na(ure of the expense. Daycarc Opera(ions was segega(ed as a fund in 2007.
93
Jefferson County,Public Schooh
A'F'?t?
Shaping the Future
Board of Education of lefferson County, Kentucky
1General Government Revenues by Type
Ten Years' Trend Data
Charges forService
OperatingGrants &
Contributions Property TaxesOccupational
Taxes Other Taxes
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$
$
7,706,775
10,202,466
12,396,474
14,593,829
14,835,226
15,167,030
16,350,320
16,663,931
16,751,753
15,189,737
$ 161,465,197157,264,562
183,550,725
203,399,828
213,265,367
195,138,555
158,025,412
145,514,609
140,544,055
$ 138,224,084
$ 397,722,644388,628,855
380,134,468
365,737,213
358,237,321
343,812,796
328,495,070
319,540,044
294,485,592
$ 278,229,137
$ 139,825,242132,569,312
128,882,355
120,452,400
116,762,420
110,682,462
113,318,876
115,133,756
114,809,535
$ 106,235,305
$
$
49,482,553
46,500,119
54,640,894
34,973,193
47,887,915
43,319,554
34,987,134
36,241,922
36,834,544
40,667,124
SEEK State
Revenues
Other State
Revenues hiterest Incorne Other Revenues Total
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$
$
277,043,057
270,658,773
272,230,951
273,991,724
252,901,298
241,750,526
269,763,902
265,416,143
239,847,485
238,068,370
$ 311,578,993
196,206,023
193,512,525
183,731,465
180,801,232
175,984,586
173,009,074
171,494,761
162,195,817
$ 154,792,792
$
$
1,389,755
1,683,254
999,499
1,949,869
1,587,803
2,449,318
4,314,498
11,534,802
13,275,448
7,137,647
$ 10,240,231
10,032,0967,069,045
3,951,744
1,081,261
5,038,899
4,140,446
5,334,952
11,738,199
$ 8,527,7?7 $
$ 1,356,454,447
1,213,745,4601,233,416,9361,202,781,2651,187,359,843
1,133,343,7261,102,404,732
1,086,874,920
1,030,482,428
987,071,913
lGeneral government includes au govemrrental and enterpris e funds.
94
.bfferson county,Public Schools>
/f+?Shaping the Future
Board of Education of Jefferson County, Kentucky
Properly Tax Rates
Ten Years' Trend Data
Real
Estate'
Tangiblel
Property
Motor
Vehicle'
Weightedkverage
1TaxRates
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
71.0
71.0
70.0
67.7
67.6
64.6
62.5
61.5
61.5
62.5
71.0
71.0
70.0
67.7
67.6
64.6
63.1
62.7
62.5
62.5
58.5
58.5
58.5
58.5
58.5
58.5
58.5
58.5
58.5
58.5
69.2
69.2
69.2
67.1
67.0
64.2
62.3
61.4
61.4
62.2
Real estate & personal property taxes are the District's largest revenue
source. Each year's taxrates are approved in September by vote of the
elected Board of Education. Statutorily, rates may not be raised to an
extent that total revenues are increased by 4% or the taxis subject to
referendum
' Cents per $100 assessment
95
Jefferson?CountyJPublic Sdxxfi
A'F"kt?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Real Estate and Personal Property Tax Revenues
Ten Years' Trend Data
Amount Levied
Collections as
of the End of
the Levy Year
Total Tax
Omitted and Revenue
Levy Year Delinquent Tax Received DuringPercent Revenue Fiscal Year
Total
Percent
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$ 427,603,120417,767,614407,196,257388,891,7623881686)000372,618,205353,265,558331,952,691311,661,729
$ 298,417,199
$ 406,858,768396,380,679394,226,682365,959,755365,659,038350,848,363334,162,837324,755,796304,482,002
$ 287,367,702
95.l%
94.9%
96.8%
94.l%
94.1%
94.2%
94.6oA
97.8oA
97.7%
96.3% $
$ 11,523,77111,872,79014,330,06111,167,813
16,066,413
14,214,131
6,326,961
7,770,925
2,888,385
9,754,696
$ 418,382,539
408,253,469
408,556,743
377,127,568
381,725,451
365,062,494
340,489,798
332,526,721
307,370,387
$ 297,122,398
97.8%
97.7%
100.3%
97.O%
98.2%
98.0%
96.4%
lOO.2%
98.6%
99.6%
Tax couections consist of property taxes and franchise taxes. These revenues are split between GeneralFund and Buildig Fund in the Financial Section, where franchise taxes are mcluded with Other Taxes.
Omitted and delinquent taxes are remitted to the District when couected by our tax collection agencies.These collections are not identified by year, occasionauy resulting in the percent of couectionsexceeding 100%.
96
Jefferson County,Public Schools
A'F"?t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Pmperty Tax Assessments
Ten Years' Trend Data
2015
2014
2013
2012
2011
2010
2009
2008
2007
2(X)6
R6B1 Estate
$ 52,476,956,21951,682,382,45651,164,832,69750,799,225,63451,091,571,41751,175,707,18350,142,467,45847,853,526,35844,983,8?4,699
$ 41,668,410,587
TangiblePersonal
$ 4,711,452,0194,879,662,1284,627,273,2684,409,010,9614,258,337,4474,617,662,5404,519,550,5654,363,581,7453,936,902,343
$ 3,888,132,905
Franchise
$ 2,096,989,8992,003,135,9482,089,543,0362,002,889,0981,985,651,2051,760,046,9621,676,893,9201,562,176,5651,584,198,565
$ 2,054,796,625
Motor Vehicle
$ 4,729,846,2854,564,604,6804,408,198,2904,152,621,4203,983,352,4193,820,374,0574,302,728,8794,125,805,1044,061,034,858
$ 3,8(A,744,273
Distiued
Spirits
$ 280,681,766268,980,462289,244,918232,266,030162,368,932127,420,076127,420,07688,173,35487,775,058
$ 89,264,709
Total Assessed
Value
$ 64,295,926,18863,398,765,67462,579,092,20961,596,013,14361,481,281,42061,501,210,81860,769,060,89857,993,263,12654,653,725,523
$ 51,565,349,099
Estimated Actual
Value
$ 64,295,926,18863,398,765,67462,579,092,20961,596,013,14361,481,281,42061,501,210,81860,769,060,89857,993,263,12654,653,725,523
$ 51,565,349,099
WeightedAveragc Tax
Rate Applied toAssessments
(cents per $100assessment)
70.08
70.10
69.19
67.08
67.01
64.22
62.28
61.41
61.38
62.20
Source: Jefferson County Property %luation Adm inistration
97
Jefferson County,Public Schools
A'F'?m
Shaping the Fututae
Board of Education of Jefferson County, Kentucky
Propeity Taxes, As Assessed
Ten Years' Trend Data
Real Estate
Tangible
Property Franchise Motor Vehicle
Distilled
Spirits
Total PropertyTaxes as
Assessed
Estirnated Actual
Tax Value
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$ 367,338,694361,776,677358,153,829343,910,758345,379,023330,595,068313,390,422294,299,187
276,650,460
$ 260,427,566
$ 32,980,16434,157,63532,390,91329,849,00428,786,36129,830,10028,518,36427,359,65824,605,640
$ 24,300,831
$ 14,678,92914,021,952
14,626,801
13,559,559
13,423,002
11,369,903
10,581,201
9,794,847
9,901,241
$ 12,842,479
$ 27,669,601
26,702,937
25,787,960
24,292,835
23,302,612
22,349,188
25,170,964
24,135,960
23,757,054
$ 22,608,754
$
$
1,964,772
1,882,863
2,024,714
1,572,441
1,097,614
823,134
804,021
552,847
548,594
557,904
$ 444,632,160438,542,064432,984,217413,184,597411,988,612394,967,394378,464,972356,142,498335,462,989
$ 320,737,534
$ 444,632,160438,542,064432,984,217413,184,597411,988,612394,967,394378,464,972356,142,498335,462,989
$ 320,737,534
Source.' Assessments from Jefferson Couny Properffl Valuation Adm inistration multiplied by tax rates
98
ffi
Jefferson County JPublic S?ls
/f+t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Principal Real Estate Taxpayers
For the fiscal year ended June 30, 2015
Company
Percent of
2014-15 School Total
TaxPaid Revenues 2013-14 2012-13 2011-12 2010-11 2009-10 2008-09 2007-08 2006-07
Louisville (3as & Electric
AT&T
Insight Midwest LPDiage AmericasHumana
BT PmpertyUnited Parcel Service
Galt House
KBSI National CityOptirna 500
$ 7,425,245
1,379,3431,270,617
933,419931,639897.653
831,367
758,816
741,648
720,775
1.7%
0.3%
0.3%
0.2%
0.2oA
0.2%
0.2oA
0.2%
0.2%
0.2%
**
**
**
**
779,381
1,191,344
897,930
671,005
751,464**
$ 13,319,323**
**
**
920,799
81 7,270
1,621,721
423,544**
**
**
2,352,538
1,267,377**
655,877
775,222
1,228,844**
**
**
$ 5,991,821
2,352,5381,261377
**
979,751**
823,561**
**
lllk
$ 4,769,000**
**
**
1,187,779
590,411
595,519**
**
**
$ 4,608,007**
**
**
924,888
580,964
780,917**
**
**
$ 4,320,022
3,015,101**
*k
702,743
400,422
390,471**
**
**
$ 3,762,218
3,081,2681,203,727
**
698,450**
864,140**
lllk
**
* * For years marked, taxpayer was not one of the principal taxpayers to the Board.
Percent of total revenues is based on percent of total real cstate andotherpmperty taxes as fouows:
Property taxesOther taxes
$
$
397,722,644
49,482,553
447,205,197
Source: Jefferson County Sheriff
99
Jefferson County,Public Schools
A'+t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Overlapping Tax Rates
For TaxYear 2014
Real
Estate'
Tangiblel
Property
Motor
Vehicle'Tangible Motor
Estate' Property' Vehicle'Real
Jefferson County Board of Education - total direct rate of largest own source rewnue (cents per $100 property ass es sment)Metro Louisville Govemrnent 12.55 16.60 16.60 aenview
Anchorage 41.60 41.60 41.60 GlenviewHillsAudubon Park 29.40 0.00 28.30 Glenview Manor
Bancroft 37.30 0.00 0.00 Goose Creek
Barboumieade 20.90 0.00 0.00 Graymoor-Devondale
BeechwoodVillage 13.00 0.00 0.00 GreenSpringBeuemeade 7.50 0.00 0.00 Heritage CreekBellewood 19.00 0.00 0.00 Hickory HillBlueRidgeManor 20.00 0.00 0.00 Hills andDalesBriarwood 29.00 0.00 0.00 Houow Creek
Broeck Poite 21.50 0.00 0.00 Houston Acres
Brownsboro Fami 26.60 0.00 0.00 Hurstboume
BrownsboroVillage 20.70 0.00 0.00 HurstboumeAcresCambridge 20.20 0.00 0.00 Indian HillsColdstream 13.00 0.00 0.00 Jeffersontown
Creekside 22.00 0.00 0.00 KingsleyCrossgate 22.50 0.00 0.00 Langdon PlaceDouglas Hills 13.90 0.00 0.00 LincolnshireDmidHills 12.50 0.00 0.00 LyndonFincastle 20.00 0.00 0.00 LynnviewForest Hills 15.00 0.00 2.00 Manor Creek
71.00
13.00
11.00
18.00
17.00
20.00
18.70
20.30
23.80
20.70
34.00
20.60
18.50
14.00
20.00
14.78
33.00
28.00
22.00
13.00
29.70
30.00
71.00
0.00
0.00
o.oo
o.oo
0.00
0.00
0.00
0.00
o.oo
0.00
0.00
o.oo
0.00
0.00
o.oo
0.00
0.00
o.oo
0.00
11.90
o.oo
58.50
o.oo
o.oo
0.00
0.00
o.oo
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
11.90
0.00
' Cents per $100 assessment
Continued100
-Aefferson County,Public Schools>
?t?Shaping the Future
Board of Education of Jefferson County, Kentucky
Overlapping Tax Rates-Continued
For TaxYear 2014
Real
Estatel
Tangible
Property'Motor
Vehicle'Tangible
Estatel PropertylReal Motor
Vehicle'
Maryhill EstatesMeadow Vale
Meadowbrook Farrn
Meadowview Estates
Middletown
Mockingb#d ValleyMoorlgnd
Murray HillNorthfield
Norboume Estates
Norwood
Old Brownsboro Place
Parkway VillagePlontation
Poplar Hills
ProspectRichlawn
Riverwood
Rolling FieldsRoujng HillsSaint Matthews
15.00
14.00
7.30
13.10
13.50
14.66
24.00
19.90
18.50
19.00
19.50
34.00
17.60
30.00
0.00
21.25
15.00
19.41
13.50
19.30
20.00
o.oo
0.00
0.00
o.oo
0.00
14.66
0.00
o.oo
0.00
0.00
0.00
o.oo
0.00
0.00
0.00
0.00
0.00
0.00
o.oo
0.00
0.00
0.00
0.00
0.00
o.oo
0.00
0.00
o.oo
0.00
0.00
0.00
0.00
0.00
0.00
o.oo
0.00
0.00
0.00
0.00
0.00
0.00
o.oo
Saint Regis ParkSeneca Cardens
ShivelySpring MillSpring VaueyStrathmoor Manor
Strathmoor WlageSycarnoreTen Broeck
Thomhill
Watterson Park
WellingtonWest Buechel
Westwood
Wildwood
Windy HillsWoodland Hills
Woodlawn Park
Worthington HillsAnchorage Ambulance DistrictAnchorage Fire District
13.70
21.31
33.90
20.00
?7.78
38.20
25.00
0.00
10.57
12.00
9.60
21.84
20.00
16.50
16.10
17.00
13.24
18.88
29.00
8.50
10.00
o.oo
0.00
36.30
o.oo
0.00
0.00
o.oo
o.oo
0.00
0.00
6.50
0.00
0.00
0.00
0.00
0.00
0.00
0.00
o.oo
8.50
10.00
0.00
0.00
36.30
o.oo
0.00
0.00
o.oo
0.00
0.00
o.oo
7.50
0.00
o.oo
0.00
0.00
o.oo
0.00
0.00
o.oo
8.50
10.00
' Cents per $100 assessment
Continued101
p
,tefferson county,h'Public schools {'. rShaping the Future
Board of Education of Jefferson County, Kentucky
Overlapping Tax Rates-Continued
For TaxYear 2014
Real
EstatelTangible
lPropeity
Motor
Vehiclel
Buechel Fire District
Camp Taylor Fire DistrictEastwood Fire District
Fa#dale Ffie District
Fem Creek Fire District
Harrods Creek Fire District
Highview Fire Distric}Jeffersontown Fire District
Lake Dreamland Fire District
Louisville Downtown Management DistrictLyndon Fire DistrictLynnview Garbage FundMcMahan Fire District # 14
Middletown Fire District
Okolona Fire District
Pleasure Ridge Park Fire DistrictSt Matthews Fire District
Urban Services District/Louisville
Worthington Fire District
10.00
10.00
10.00
io.oo
10.00
10.00
10.00
io.oo
10.00
7.45
10.00
10.00
10.00
10.00
10.00
10.00
10.00
36.66
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
0.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
56.60
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
o.oo
10.00
10.00
10.00
10.00
10.00
10.00
10.00
0.00
10.00
' Cents per $100 assessment
102
Jeffersm County,Public Schools
A'F?t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Principal Employers by Number of Employees
December 31, 2014 and Nine Comparison Years
2014
Percent of
Jefferson
County's
Employees 2013 2012 2011 2010
United Parcel Service
Jeffersori County Public SchoolsHumana hic.
Norton Healthcare Inc.
Ford Motor Co.
GE AppliancesUniversity of LouisvilleLouisville Metro Govemment
KentuckyOne Health IncThe Kroger CoBaptist Healthcare SystemKY State Govemment
U.S. Govemment
U.S. Postal Service
Catho?ic Archdiocese of Louisville
BF Cos./ ERJ DinmgKindred Healthcare Inc.
LG&E and KU Energy LLC
Floyd Mernorial Hospital
Papa John's Intemational Inc.
20,931
14,676
12,371
10,245
8,987
6,230
6,161
5,654
5,602
5,417
5,339
4,042
4,042
2,546
2,260
2,250
2,249
2,178
1,769
1,503
5.9%
4.1%
3.5%
2.9%
2.5%
1.7%
l.7%
1.6%
l.6%
l.5%
1.5%
l.l%
1.1%
0.7%
0.6%
0.6%
0.6%
0.6oA
0.5%
0.4%
20,047
14,269
11,235
9,666
8,347
6,000
6,187
5,651
8,993
5,152
4,854
4,161
2,191
2,509
2,345
1,550
2,130
2,131
1,711
1,143
20,117
14,366
11,000
9,658
8,696
5,000
6,273
5,698
5,898
4,219
4,232
2,676
2,352
2,252
2,066
1,612
20,288
13,840
10,017
9,421
3,847
3,988
5,746
5,706
5,819
5,313
3,752
4,488
2,855
2,653
2,416
2,297
1,976
20,125
13,964
9,400
8,698
5,397
4,100
6,352
5,765
5,782
5,692
3,889
4,361
3,575
1,991
2,142
2,224
1,976
Source: Business F irst m agazine
Contiued 103
Jefferson County,Public Schools
A"??Shaping the Future
Board of Education of Jefferson County, Kentucky
Principal Employers by Number of Employees-Continued
December 31, 2014 and Nine Comparison Years
2009 2008 2007 2008 2006
Percent of
Jefferson
County'sEmployees
United Parcel Service
Jefferson County Public SchoolsHurnana Inc.
Norton Healthcare Inc.
Ford Motor Co.
GE AppliancesUniversity of LouisvilleLouisville Metro Govemment
Kentucky0ne Health mc
The Kroger Co
Baptist Healthcare SystemKY State Govemment
U.S. Government
U.S. Postal Service
Catholic Archdiocese of Louisville
BF Cos./ ERJ DinigKindred Healthcare Inc.
LG&E and KU Energy LLCFloyd Memorial HospitalPapa John's Intemational Inc.
20,51313,32610,0968,1425,6244,0006,135
5,811
6,500
5,263
3,305
4,253
2,995
2,626
2,343
2,153
1,902
20,560
13,917
9,854
7,978
5,929
5,000
5,866
5,639
6,203
4,784
3,098
4,498
2,853
2,651
2,351
2,079
20,674
13,593
8,775
8,054
7,586
5,000
5,763
5,698
6,229
5,?77
3,536
4,535
2,822
2,674
2,437
3,033
20,560
13,917
9,854
7,978
5,929
5,000
5,866
5,639
6,203
4,784
3,098
4,498
2,853
2,651
2,351
2,079
18,398
13,281
7,458
7,783
8,745
5,000
5,563
5,993
5,907
4,827
3,140
4,700
2,826
2,902
2,437
2,349
5.41%
3.91%
2.l9%
2.29%
2.57%
l.47%
1.64%
l.76%
}.74%
l .42%
0.92%
l.38%
0.83%
0.85%
0.72%
0.00%
0.69%
0.00%
0.00%
0.00%
Source.' Busirress F irst m agazine
104
Jefferson County,Public Schods
?t?Shaping the Future
Board of Education of Jefferson County, Kentucky
Occupational Tax Revenues
Ten Years' Trend Data
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$ 139,825,242132,569,312
128,882,355
120,452,400
116,762,420
110,682,462
113,318,876
115,133,756
114,809,535
$ 106,235,305
Occupational taxrates have been 0.75%
of salaries & wages of Jefferson Countyworkers forthe ent#e period.
105
Jefferson County,Public Schools
/f+?Shaping the Future
Board of Education of Jefferson County, Kentucky
Total Bonded Debt by Responsible Parly
Presented for Iife of Bonds
Year EndingJune 30, 2015
Jefferson County Board of Education
%ncipal Interest
Total
Repayments
Metro Louisville
Year Ending
June 30, 2015 Principal hiterest
Total
Repayments
2016
2017
2018
2019
2020
2021-2025
2026-2030
2031-2035
$ 22,467,229
22,955,608
23,655,043
24,698,637.
20,149,535
93,763,439
115,086,571
40,349,854
$ 10,661,428
9,788,590
8,882,185
7,905,955
6,944,613
25,162,746
12,664,108
3,923,237
$ 33,128,657
32,744,198
32,537,228
32,604,592
27,094, 148
118,926,185
127,750,679
44,273,091
2016
2017
2018
2019
2020
2021-2025
2026-2030
2031-2035
$ 172,351
178,431
184,767
89,72891,523
387,635o
o
$ 32,281
26,200
19,866
13,266
11,472
24,341
o
$ 204,632
204,631
204,633
102,994
102,995
411,976o
o
$ 363,125,916 $ 85,932,861 $ 449,058,777 $ 1,104,435 $ 127,426 $ 1,231,861
Kenhicky School Facilities Construction CommissionYear Ending Total
June 30, 2015 RepaymentsPrincipal hiterest
Total Principal paymentsTotal Interest payments
$ 447,674,000
109,960,097
2016
2017
2018
2019
2020
2021-2025
2026-2030
2031-2035
$ 6,630,420 $
6,835,961
7,060,190
7,241,635
5,988,942
24,613,926
15,282,429
9,790,146
2,819,394
2,615,364
2,389,734
2,150,093
1,929,260
7,175,540
3,653,198
1,167,225
$ 83,443,649 $ 23,899,810
$ 9,449,814
9,451,325
9,449,924
9,391,728
7,918,202
31,789,466
18,935,627
10,957,371
$ 107,343,459
Total Repayments $ 557,634,097
These schedules present the total debt service payable over the lifeof each bond issue. The Kentucky School Facilities ConstmctionCommission and the Metro Louisville govemrnent have pledged topay the debt service on certai issues as documented by aMemorandum of Agreement or a legislative pronouncernent; however,au debt was issued in the Board's name and the fuu ?iability is reflectedin the Fiancial Section of this CAFR.
106
Jefferson CountyJPublic Schools
A'F'?t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Detail of Bonds by Responsible Party
Presented for Life of Bonds
Bond Issue
?efferson
County Boardof Education
Kentucky SchoolFacilities Construction
Commis s ion
Metro
Louisville Total
2002A
2004B
2005A
2006A
2006B
2007A
2008A
2008B QZAB2009A
2009B
2009C
2010A
2010B
20lOC QSCB
20llA QSCB20l2A
20l2B
2012C
2012D
20l3A
20I3B
20l3C
2014A
20l4B
2015A
2015B
s 24,840,000
5,705,00050,382
2,428,357
1,055,000
500,000
5,200,000
16,305,000
2,569,745
12,650,86910,350,000
13,560,000
27,483,000
29,886,000
2,343,553
18,125,000
27,010,000
21,962,101
25,263,08032,855,000
33,719,968
13,338,861
35,925,000
$ 19,618
1,29:1,643
7,565,000
163,471
4,169,131
12,150,000
14,923,796
242,899
9,336,920
8,825,032
8,291,139
16,465,000
$ 276,784
827,651
$ 24,840,000
5,705,000
70,000
3,720,000
1,055,000
500,000
7,565,000
5,200,000
16,305,000
3,010,000
16,820,000
10,350,000
13,560,000
27,483,000
29,886,000
12,150,000
18,095,000
18,125,000
27,010,000
22,205,000
34,600,000
32,855,000
42,545,000
21,630,000
16,465,000
35,925,000
$ 363,125,916 $ 83,443,649 $ 1,104,435 $ 447,674,000
107
Jefferson County,Public Schools
A'F+?Shaping the Future
Board of Education of Jefferson County, Kentucky
Overlapping/Direct Debt and Bond Analysis Ratios
As of June 30, 2015
Govemmental Unit
Gross Debt
OutstandingIncludig
Business Type
Percentage Applicableto Jefferson County
Taxpayers
Jefferson CountyTaxpayers Share of
Debt
Direct Debt:
Jefferson County Public Schools
Overlapping Debtl:Louisville/Jefferson County Metro Government
Revenue Bonds
General Obligation Debt
Total Overlappjng and D#ect Debt
Total Overlapping and D#ect Debt Per Capita
Direct Debt Per Capita
Net Bonded Debt to Assessed Value
Debt Service Expenditures to Total GovemmentalExpenditures
Govemrnental Revenues Coverage (Divided by DebtService Expenditures)
$ 447,674,000
62,480
268,358
330,838
$ 448,004,838
0.0136
0.0136
0.0414
24.3292
108
99% $ 443,295,919
100%
100%
62,480
268,358
330,838
$ 443,626,757
Total Overlapping and Direct to $ 588.03
2012 Total Personal Income
$ 587.60
Total Direct Debt to 2012
Total Personal Income 0.0069
' Percent of overlappmg debt applicable to JeffersonCounty taxpayers calculated as 100%due to coterminus boundaries
Jefferson CountyjPublic Sctxx>ls
A'F'?t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Ratios of Debt Outstanding
Ten Year Trend
Fiscal
Year
Jefferson Co.
Boardof
Education
Gowrnment
Jefferson Co.
Boardof
Education
Proprietary
KenhickySchool
Facilities
Construction
Commission
Metro
Louisville Total
DebtService
Cow;rage'
Percent of
Personal
Income
DebtPer
Capita
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$
$
358,747,835
383,549,548
343,630,627
336,440,411
357,242,036
318,244,418
337,091,270
350,483,200
368,684,615
320,349,467
4,378,081
5,383,481
6,360,349
7,308,117
8,229,578
9,130,889
10,006,545
10,856,070
11,694,027
$ 11,700,663
$ 83,443,649
73,011,023
69,473,540
73,618,593
62,180,845
66,850,414
73,310,814
69,636,539
75,668,296
$ 70,637,350
$ 1,104,435
1,270,948
1,430,484
1,587,879
1,601,188
1,730,221
1,854,608
1,974,723
2,090,889
$ 2,312,520
$ 447,674,000
463,215,000
420,895,000
418,955,000
429,253,647
395,955,942
422,263,237
432,950,532
458,137,827
S 405,000,000
$ o.go
0.81
1.69
1.11
2.36
1.70
0.97
1.03
1.73
1.60
N/A
N/A
N/A
l .34%
1.37%
l.35o/o
1.33%
l.45%
1.56%
l.43%
$ 593.40
614
558
565
595
549
589
608
650
$ 578
l Statutorily, revenues in two funds are used for debt service, with any remaider paid by General Fund. Coverage ratio is the total revenuesin Capital Outlay and Building Fund divided by debt service expenses for the year.
109
Jefferson County,Public Schools
?t?Shaping the Future
Board of Education of ?efferson County, Kentucky
Jefferson County Demographics
Updated as of 2013
Population bySelectedAge Groups
Jefferson County
Number PercentagePopulation by Race
andHispanic OriginJefferson County
Number Percentage
Under 14
15-24
25-44
45-64
65-84
85 and older
143,744
95,641
204,663
203,667
91,866
14,842
19.1%
12.7%
27.1%
27.0%
12.2%
2.0%
Caucasian
African-American
Native American or Native Alaskan
Asian
Native Hawaiian / Pacific Islander
Other / Multirace- - -lHispamc Ongm
552,618
156,672763
17,622394
3,662
35,632
73.3%
20.8%
0.1%
2.3%
o.l%
0.5%
4.7%
Total Population
Source.' US Departtnent of Commerce, Bureau of the Census
754,423 100.O%
Population Estimates2 767,363 lOl.7o/o
Source.' US Departm ent of Commerce, Bureau of the Census
l Hispanic is not a race category. A person may be Caucasia, African-American, etc. and be of Hispanic origin.2 The groupings in this chart auow for some individulas to be counted twice, such as the Hispanic Origindescribed in note 1. For this reason, totals are slightly different fromthe chart on the left.
110
Jefferson County,Public Schools
??Shaping the Future
Board of Education of Jefferson County, Kentucky
Economic Statistics
Ten Years' Trend Data
Total Personal WagesPer Capita
Inco me
Average
Weekly
?)? Employrnent UnemploymentUnemployment
Rate
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
N/A
N/A
N/A
$ 32,592,092,00031,241,331,00029,247,199,00029,834,474,00030,142,788,00028,376,178,000
$ 28,352,508,000
$
$
N/A
N/A
N/A
43,408
41,828
39,407
41,345
42,016
41,272
40,235
$ 918
N/A
882
895
891
866
846
835
827
$ 796
356,765
341,120
342,729
338,276
340,457
326,802
326,820
341,408
340,011
339,832
20,345
25,216
33,777
33,035
39,111
38,833
37,330
23,685
19,065
21,911
5.4%
6.9%
9.0%
8.9%
10.3%
10.6%
lO.3%
6.5%
5.3%
5.6%
Source: US Departm ent of Labor, Bureau of Labor Statistics
111
Jeffe?rson Counff,Public Schools
/f+?Shaping the Future
Board of Education of Jefferson County, Kentucky
Number of Employees by Functional Duties
June 30, 2015
Function 2015 2014 2013 2012
Instmction
Home and Hospital InstmctionOther Instmctional ProgramsStudent Support Services
Instmctional Staff Support ServicesDistrict Administrative Suppoit ServicesSchool Administrative Suppork ServicesBusiness Support ServicesPlant Operations and MaintenanceStudent TransportationFood Service OperationsDay Care OperationsComrnunity Service OperationsArchitectural and Enginee ring Services
5,4658
2,754520
1,16725
1,015265
1,099
1,313846
6
108
6
5,4508
2,746512
1,20222
1,030271
1,113
1,326877
12
116
7
5,2568
2,947521
1,22420
1,029281
1,111
1,350856
14
124
7
5,1198
2,554520
1,06418
1,035345
1,115
1,330838
17
125
7
14,597 14,692 14,748 14,095
The District converted to a new payroll system in 2011-12 which calculates
FTE differently. Data in prior ycaxs is not oomparable.
112
Jeffe.rsm CountyJPublic Schools
?t?Shaping the Future
Board of Education of ?effersori County, Kentucky
Enroument by Level
Ten Years' Trend Data
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
Elementary
37,514
37,242
36,897
36,540
36,672
36,824
36,866
36,179
35,230
34,7?7
Middle
21,093
21,413
21,310
21,039
20,527
20,318
20,006
19,731
19,610
19,781
High
28,331
27,840
27,965
27,980
26,714
27,423
27,043
27,527
27,500
26,842
Kindergarten
7,659
7,828
7,953
7,608
7,326
7,201
7,351
7,449
7,258
7,242
E.C.E.
2,315
2,352
2,432
2,443
2,528
2,735
3,047
2,713
3,367
3,671
Preschool
3,590
4,020
4,281
4,810
5,328
4,462
4,686
4,389
5,122
5,265
Total
Enrol?n'ient
100,502
100,695
100,838
100,420
99,095
98,963
98,999
97,988
98,087
97,518
Reflects First Month Enrollment
113
Jefferson County,Public Schools
K>t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Accountabuity Trend Statistics-Elementary Schools
2015 School Year'
Next Generation Learners
ReadingMathematics
Science
Social Studies
W rit in gLanguage MechanicsTotal Achiewment Points
2015
WeightedPojnts Score
15.2 60.7
15.8 63.3
n/aa2 n/a2
17.5 70.0
12.4 62.0
3.1 62.0
64.0
2014
WeightedPoits Score
12.2 60.8
12.6 63.1
16.0 80.2
13.2 66.0
9.2 57.8
2.4 59.0
65.6
2013
WeightedPoints Score
10.8 54.1
11.6 57.9
15.5 77.4
13.8 68.9
8.8 54.7
2.4 59.7
62.9
2012
WeightedPoints Score
10.9 54.7
10.8 53.9
15.0 74.8
13.4 67.2
8.8 54.7
2.2 55.7
61.1
Gap 38.5 11.6 40.3 12.1 35.9 10.8 33.6 10.1
Growth 60.4 24.2 60.7 24.3 59.0 23.6 61.7 24.7
lDue to a redesign of the accountability system, data presented should not be compared to dataprior to 2012.
2Due to the KDE Unbridled Learning Accountability Model KPREP Science assessments svere not included for the 20142015 school year.
114
Jefferson County.Public Schools>
?t?Shaping the Future
Board of Education of Jefferson County, Kentucky
Accountabfflty Trend Statistics-Middle Schools
2015 School Year1
2015
WeightedPoints Score
14.4 57.7
13.8 55.3
n/aa2 n/a"
16.0 64.1
11.1 55.5
2.5 50.1
57.8
30.1
55.4
35
2014
WeightedPoints Score
11.5 57.4
11.1 55.3
12.8 64.0
12.9 64.5
9.0 56.0
1.7 42.8
59.0
31.8
56.3
38.1
2013
WeightedPoints Score
10.7 53.4
10.8 54.0
12.6 63.2
13.1 65.4
9.3 58.1
1.9 47.6
58.4
30.4
56.0
37.6
2012
WeightedPoints Score
9.9 49.6
10.1 50.7
12.8 64.0
13.1 65.6
9.1 56.7
1.7 42.2
56.7
29.2
58.5
36
Next Generation Learners
ReadingMathematics
Science
Social Studies
WritigLanguage MechanicsTotal Achie'wment Points
Gap
Gromh
College & Career Readiness
' Due to a redesign of the accountability system, data presented should not be compared to data prior to 2012.
"Due to the KDE Unbridled Leaming Accountability Model KPREP Science assessrrents were not included for the 2014-2015 school year.
8.4
15.5
5.6
8.9
15.8
6.1
8.5
15.7
6.0
8.2
16.4
5.8
115
?
Jefferson Coun'fi,Public Schools
??Shaping the Future
Board of Education of Jefferson County, Kentucky
Accountabfflty Trend Statistics -High Schools
2015 School Year'
Next Generation Learners
ReadingMathematics
Science
Social Studies
Writing
Language MechanicsTotal Achiewment Points
Gap
Gromh
College & Career Readtness
Graduation Rate
20i5
WeightedPoints 8core
10.7 53.6
11.5 57.7
11.4 57.2
12.8 63.8
10.5 65.5
2.1 53.5
59.0
34.6
58.1
70.8
81.4
6.9
11.6
14.2
16.3
2014
WeightedPoints Score
11.3 56.3
11.1 55.7
11.6 57.8
13.0 64.8
10.3 64.6
2.3 58.0
59.6
34.4 6.9
59.2 11.8
67.4 13.5
80.7 16.1
2013
WeightedPoints Score
11.6 57.8
11.2 56.0
11.9 59.7
12.4 62.2
11.0 68.7
2.3 58.4
60.4
34.6
56
55.8
76.5
6.9
11.2
11.2
15.3
2012
WeightedPoints Score
11.3 54.7
12.3 53.9
10.6 74.8
9.9 67.2
10.5 54.7
2.3 55.7
56.9
30.3
61.4
46.7
67.8
6.1
12.3
9.3
13.6
' Due to a redesign of the accountability system, data presented should not be compared to data prior to 2012.
116
Je4ffb'o?tic%nw a+"*Shaping the Future
*The ACT test became a required part of eleventh grade student assessment during 2008-09. This test is now required of all students,not just college-bound students.
117
-' '- ' -'- - '- '- l
ACT Score Trend
21 -
20.420.5 - 20.3
20.1
20
E19.5-
C/
& 18.95Dl9-' 18.7 1B.7 18.8
18.618.5< 18.418.5 -!18-17.5 -17 -l T l 'l l l'
2005- 2006- 2007- 2008- 2009- 2010- 2011- 2012- 2013- 2014-06 07 08 09* 0 11 12 13 14 15
School Years
.,= 20.42U.3
20.1 s Nm N Ni i ii i i 18.9
i i i 18.7 18.7 l"-{518.6s 18-4 183 m s 11
i i i i s il i i i ii i i i g il i i i ii g i g i il i i i i
Jefferson CountylPublic Schools
A'F'+m
Shaping the Future
118
'- - -- --lSAT Critical Reading and Matheinatics Score Treni
1220
12001196szoo -
11881178iise - 11741161
E1160-1148
*
(/)
5' l 140 - - "'-1132j
< 1120-1114110[
1080 -l060a- i - - 'r i'20@5- 2006- 2007- 2008- 2009- 2010- 2011- 2012- 2al3- 2(l4-
06 07 @€ 09 10 11 12 13 14 15
School Yehrs
11781174
1161
1148
1135-1132-i'll
ii11i11imi
i i i li l i ii i i i li l i i
l i i i i i li l i it i i i i i i li l i ii i g i i i i li l g g
Jefferson County,Public Schools
A'W+t?
Shaping the Future
119
SAT Combtned Score Trend
18201800 1791.1782
780- 1767
1760- 1754 17561739
:1740e5
", 720 - 1711l!
5 17@O - - 1691 - l6Bg<
1680-16651660 -
1640 -
1620 -
1600 -.
20@5- 2006- 20(17- 2W8- 2009- 2@10- 2(Hl- 2012- 2013- 2014-
06 07 08 09 10 11 12 13 14 15S ckeol Years
1754 1756
@ mg ll
s I i sri1711
6891-1665 W W @m N N N- 1691 - l
i i l l i l li i l i i i i
i i i l i i i ti i i i i l i i i i
i i i i i i l i i i ti i i i i i l i i i te i i i t i l i i i i
Jefferson County,Public Schools
?t?Shaping the Future
Board of Education of Jefferson County, Kentucky
School Building Capacity Data
Ten Years' TrendData
School Name
1
Atherton High
Atkinson Elementaiy
Auburndale ElementaiyAudubon Traditional Elem.
Ballard HighBarret Traditional Middle
Bates Elementary
Blake Elementary
Bloom Elementary
Blue Lick Elementary
Bowen Elementary
Brandeis ElementaryBreckinridge Metropolitan High 'Breckinridge/Franklin ElementaryBrown School
Brown Elemtentary SchoolBrown Middle School
Browi High SchoolBuechel Metropolitan High'Butler Traditional High
Byck Elementary
Camp Taylor Elementary
Cane Run ElementaryCarrithers Middle
Carter Elementary
Continued 120
e
Footage
2014-15 2013-14 2012-13 2011-12 2010-11
Student
Enrollment
Program 1st PupilCapacity Month
Student
Enrollment
Program 1st PupilCapacity Month
Stixlent
Enrollment
Program 1st Pupil
Capacity Month
Student
Enrollment
Program 1st PupilCapacity Month
Student
Enrollment
Progyam 1st PupilCapacity Month
204,019
73,902
59,966
51,227
278,137
107,195
48,508
60,916
61,676
55,333
63,960
55,400
61,737
78,293
157,340
53,221
210,238
72,698
58,936
60,107
92,976
96,030
1,350 1,353720 436
620 624
612 616
2,050 1,978654 646
609 550
548 496
535 521
560 706
752 706
570 586
106 124
578 493
720 692
181 153
1,650 1,695
624 579
598 482
574 406
800 559
612 596
1,350 1,266
720 428
620 627
612 618
2,050 2,003
654 639
609 563
548 506
535 535
560 454
752 722
570 599
106 117
578 479
720 739
181 127
1,650 1,693
624 621
598 470
574 400
800 558
612 591
1,350 1,269720 418
620 624
612 621
2,050 1,953654 638
609 563
548 472
535 533
560 481
752 720
570 561
122 106
578 437
718 729
213 181
1,650 1,677
614 593
568 470
574 427
800 598
612 599
1,250 1,269
720 385
620 621
612 622
1,980 1,975
654 641
609 542
548 427
535 532
560 491
752 730
570 565
122 122
578 398
605 726
213 213
1,635 1,673
608 613
568 483
574 464
800 546
612 597
1,250 1,171
755 407
640 609
612 624
1,800 1,863
654 641
605 548
548 461
466 535
560 489
763 709
526 569
578 382
605 679
1,630 1,672583 615
568 488
574 487
800 549
596 599
Jefferson county HahPublic sdhools ;'r'Shaping the Future
Board of Education of Jefferson Coimty, Kentucky
Schoo} Building Capacity Data-Continued
Ten Years' Trend Data
School Name
l
Atherton Hig)iAtkinson ElementaryAut+urndale ElementaryAixlubon Traditional Elem.
Ballard HighBarret Traditional Middle
Bates ElementaryBlake ElementaryBloom ElementaryBlue Lick ElementaryBowen ElementaryBrandeis ElementaryBreckinridge Metropolitan High'Breckinridge/Franklin ElementaryBrown School
Brown Elemtentary SchoolBrom Midae School
Brovm High SchoolBuechel Metropolitan High'Builer Traditional HighByck ElementaryCamp Taylor ElementmyCane Run ElementaryCarrithers Middle
'Carter Elementary
Continued 121
SquareFootage
2009-10 2008-09 2007-08 2006-07 2005-06' Stixlent
Enrollment
Progyam 1st PupilCapacity Month
Skudent
Enrollment
Progyam 1stPupilCapacity Month
Student '-Enrollment
Program 1st PupilCapacity Month
'- StudentEnrollment
Program 1st PupilCapacity Month
Student
Enrolln'ient
Pro@am 1st PupilCapacity Month
194,044
67,912
52,820
51,615
251,954
107,695
48,374
57,416
67,4}5
45,356
57,010
55,400
63,612
78,404
249,716
249,716
249,716
249,716
46,759
219,238
67,558
59,199
59,840
92,976
64,775
1,250 1,159755 413
640 ssg
612 622
1,800 l 771654 642
605 547
548 472
466 532
560 498
763 746
526 556
578 342
605 635
1,630 1,662583 572
568 469
574 458
800 508
596 592
1,250 1,136755 476
640 543
612 622
1,800 l 721654 635
605 554
548 512
466 487
560 542
763 754
526 538
578 295
605 627
1,630 1,663583 540
568 486
574 440
800 499
596 581
1,250 1,098755 508
640 531
612 620
1,800 1,757654 642
605 553
548 501
466 497
560 559
763 754
526 546
578 340
605 640
1,630 1,663583 536
568 462
574 459
800 637
596 593
1,250 1,098755 544
640 501
612 611
1,800 1,708654 649
605 609
548 504
466 472
560 542
763 774
526 539
578 344
270 284
150 166
185 220
1,630 1,680583 477
568 450
574 465
800 634
596 574
1,250 1,066755 524
640 530
612 611
l 720 1 703
675 647
566 602
548 498
466 426
580 572
729 770
545 542
578 355
270 286
150 169
185 203
1,630 1,675583 474
568 422
574 485
800 683
650 573
Jeffersm County,Public Schools
?t?Shaping the Future
Board of Education of Jefferson County, Kentucky
School Buuding Capacity Data-Continued
Ten Years' Trend Data
1
School Name
Central High
Chancey Elementary
Chenoweth ElementaryChurchill Park School'
Cochran ElementaryCochrane Elementary
Coleridge Taylor Elementary
Conway Middle
Coral Ridge Elementary
Crosby Middle
Crums Lane Elementary
Dixie Elementary
Doss High
Dunn Elementary
DuPont Maunal High
Eastern High
Eisenhower Elementary
Engelhard Elementary
Fafihle Elementary
Fairdale High Magnet Career AcademyFarmer Elementmy (New 07-08)
Farnsley Middle (Formerly Williams Middle)Fern Creek Elementary
Fern Creek Traditional High
Field Elementary
Foster Traditional Academy
Continued
122
Sq-ire
Footage
2014-15 2013-14 ' 2012-13 iOll-12 iOIO-11 -
Skudent
Enrollment
Program 1st PupilCapacity Month
Student
Enrollment
Program 1stPupilCapacity Month
Student
Enrollment
Program 1st Pupil
Capacity Month
Student
Enrollment
Program 1st PupilCapacity Month
Student
Enrollment
Program 1st PupilCapacity Month
233,564
76,000
55,842
82,200
56,645
61,325
73,437
101,137
53,751
98,894
61,350
44,573
237,309
51,816
249,048
299,962
59,511
56,137
64,726
270,295
79,550
129,979
62,617
247,769
55,945
79,800
1400 1,107765 710
640 514
89 159
514 347
520 373
750 644
950 889
562 502
l 405 l 417
550 503
480 444
1,600 1,049610 580
1,850 1,896
2,090 2,069
584 617
530 435
669 603
1,600 1,139788 751
1,150 1,108788 728
1,575 1,548446 410
650 649
1,400 1,123
765 711
640 520
89 161
514 378
520 460
750 641
950 925
562 489
1,405 ,440
550 491
480 401
1,600 1,029
610 616
1,850 ,877
2,090 2,054584 616
530 452
669 576
1,600 1,080
788 774
1,150 1,151
788 781
1,575 1,463
446 427
650 632
l 400 l,}44765 737
640 520
210 159
514 396
520 495
750 632
950 901
562 .493
l 450 1,402
550 496
480 384
1,600 913
607 611
1,850 1,895
2,090 2,119584 571
530 430
669 559
1,600 1,095761 763
1,120 1,129
780 801
1,575 1 454
446 424
650 622
1400 1,116765 700
640 527
210 194
514 385
500 509
750 632
950 887
562 465
1 450 l 402
550 480
480 437
1,600 924
607 594
1,850 1,888
2,090 2,118584 581
530 409
669 563
1,600 1,004740 737
1,120 1,134
765 789
1,575 l 433
446 423
650 623
Jefferson County,Public Schools
A'F?t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Schoo} Building Capacity Data-Continued
?Ten Years' TrendData
School Name
l
Central HighChancey ElementaryChenoweth ElementaryChurchill Park School'
Cochran ElementaryCochrane ElementaryColeridge Taylor ElementaryConway MiddleCoral Ridge ElementaryCrosby MiddleCrurns Lane ElementaryDixie ElementaryDoss HighDimn ElementaryDuPont Maunal HighEastern HighEisenhower ElementaryEngelhard ElementaryFa#hle ElementaryFairdale High Magnet Career AcademyFarmer Elementary (New 07-08)Farnsley Middle (Formerly Williams Middle)Fern Creek ElementaryFern Creek Traditional HighField Elementary
Foster Traditional Academy
Continued 123
SquareFootage
2009-10 2008-09 2007-08 2006-07 2005-06- 'Student
Enrollment
Program 1st PupilCapacity Month
Student
Enrollment
Program 1stPupilCapacity Month
Student
Enrollment
Program lstPupilCapacity Month
Skudent
Enrollment
Progyam 1st PupilCapacity Month
Student
Enrollment
Program 1st PupilCapacity Month
206,118
151,957
57,431
82,200
56,645
52,724
73,437
99,073
53,751
98,894
53,230
44,573
237,403
51,816
249,048
241,428
56,195
50,212
67,584
285,863
79,550
123,433
56,020
249,569
48,818
80,743
1,400 1,041765 725
640 515
514 393
495 405
750 652
950 905
562 464
1,120 1,229550 423
468 456
1,600 963603 599
1,800 1,8591,800 2,170551 553
480 444
669 538
1,600 952650 617
1,010 1,109796 771
1,575 1,568426 459
650 651
1,400 964765 782
640 520
514 428
495 364
750 678
950 908
562 476
1,120 1,226550 399
468 409
1,600 1,072603 621
1,800 1,871
1,800 2,144551 519
480 427
669 530
1,600 887650 534
1,010 1,102796 790
1,575 1 466426 466
650 653
1,400 988765 768
640 551
514 413
495 386
750 702
950 895
562 476
1,120 1,261550 419
468 448
1,600 1,116603 615
1,800 1,896
1,800 1,949551 497
480 492
669 504
1,600 847650 382
1,010 1,092796 817
1,575 1,507426 443
650 643
1,400 952765 747
640 528
514 388
495 402
750 743
950 905
562 482
1,120 1,226550 420
468 436
1,600 1,226603 605
1,800 1,886
1,800 1,990551 489
480 454
669 487
1,600 892
1,010 1,017796 799
1,575 1,490426 417
650 634
1,400 985732 760
664 533
514 397
495 379
728 724
950 897
562 500
1,100 1,106550 447
468 421
1,600 1,172603 596
1,800 1,894
1,800 1,924551 496
480 461
669 488
1,600 859
1,046 1,001796 780
1,575 1,436426 399
650 574
J%ffebrson,lcscoTh?untsy:aShaping the Future
Board of Education of Jefferson County, Kentucky
School Bunding Capacity Data-Continued
Ten Years' Trend Data
School Name
l
Frayscr ElementaryFrost Middle
Gilmore Lane ElementaryGoldsmith ElementaryCxeathouse/Shryock Elem.Greenwood ElementaryGutermuth ElementaryHartstern ElementaryHawthorne ElementaryHazelwood ElementaryHighland MiddleHite Elementary
Indian Trail ElementaiyIroquois HighJacob ElementaryJefferson County Trad. MiddleJefferson County Virtual School (New 06-07)Jefferson, Thomas Middle'jeffersontown Elementary
Jeffersontown High Magnet CareerJohnson Traditional Middle
Johnsontown Road ElementaryKammerer Middle
Kennedy Metropolitan'Kennedy Montessori ElementaryKenwood ElementaryKerrick Elementary
Continued
124
SquareFootage
2014-15 2013-14 2012-13 2011-12 2010-11
Student
Enrollment
Program 1st PupilCapacity Month
Student
Enro llment
Program 1st PupilCapacity Month
Skudent
Enrollment
Program 1st PupilCapacity Month
Student
Enrollment
Program 1st PupilCapacity Month
Student
Enrollment
Program 1st Pupil
Capacity Month
68,142
77,553
39,483
50,464
61,555
50,667
53,378
53,718
62,659
04,673
120,249
45,720
45,660
293,374
64,800
120,513
206,213
69,309
332,591
136,185
46,556
127,480
45,627
58,592
46,843
46,870
522 371
700 219
412 289
683 607
612 607
565 563
563 437
592 473
507 492
696 480
1,227 1,089526 499
537 421
l 450 1,158698 677
929 917
425
l 425 853
819 765
1600 1,389980 909
487 430
1,120 93984 73
620 605
615 588
540 459
522 352
700 494
412 312
683 619
612 609
565 564
563 410
592 470
507 496
696 460
1,227 1,156526 500
537 453
1,450 1,100698 707
929 922
485
1,425 896819 780
1,600 1 434980 912
487 404
1,120 1,06484 71
620 619
615 584
540 444
522 373
700 529
412 373
683 678
612 610
565 561
563 443
592 448
507 477
696 435
1,227 1,189526 530
537 498
1,450 1,193698 688
929 925
439
l 425 898
819 794
1,600 1,471980 932
487 429
1,100 1,07477 86
620 622
615 590
540 480
522 375
700 423
412 367
672 690
612 612
562 562
563 447
592 442
487 490
696 444
1,200 1,195523 517
537 481
1,450 },}74690 697
929 895
338
1,425 966819 794
1,600 1,366980 940
487 455
1,050 1,03377 82
620 586
615 595
540 482
522 406
700 473
407 361
l 650 674
612 610
556 565
563 483
592 499
484 484
696 443
1,025 1,118513 521
537 510
l 450 1,104675 668
929 908
276
l 425 1,002778 767
1,600 1,224959 951
471 465
1,050 936
600 598
, 600 592540 492
,bfferson County ];?u'Publrc sctxx>ls %rShaping the Future
Board of Education of Jefferson County, Kentucky
Schoo} Building Capacity Data-Continued
Ten Years' TrendData
School Name
l
Frayser ElementaryFrost Middle
Gilmore Lane Elementary(3oldsmith ElementmyGreathouse/Shryock Elem.Greenwood ElementaryGutermuth ElementaryHartstern ElementaryHawthorne ElementaryHazelwood ElementaryHighland MiddleHite ElementaryIndian T rail ElementaryIroquois HighJacob Elementary?efferson County Traa Middle}efferson County Virtual School (New 06-07)Jefferson, Thomas Middle
Jeffersontown ElementaryJeffersontown High Magnet CareerJohnson Traditional Middle
Johnsontown Road ElementaryKarnmerer Middle
Kennedy Metropolitan'Kennedy Montessori ElementaryKenwood ElementaryKerrick Elementmy
125Continued
Square
Footage
2009-10 2008-09 2007-08 2006-07 2005-06Student
Enrolln'ient
Program 1st PupilCapacity Month
Student
Enrollment
Program 1st PupilCapacity Month
Student
Enrollment
Progyam lstPupilCapacity Month
Student
Enrollment
Program 1st PupilCapacity Month
Stixlent
Enrolln'ient
Program 1st PupilCapacity Month
71,73076,851
39,483
42,994
51,054
42,848
53,378
52,655
42,510
83,381
123,574
45,720
40,225
296,110
61,250
120,513
224,413
69,305
298,488
136,185
47,096
112,682
36,765
58,592
47,39
49,808
522 371
700 459
407 399
650 665
612 611
556 547
563 478
592 477
484 436
696 413
1,025 1,077513 498
537 474
l 450 1,182675 625
929 906
291
l 425 908
778 776
1,600 1,160959 966
471 452
l 050 904
600 597
600 577
540 483
522 372
700 439
407 390
650 656
612 606
556 560
563 508
592 551
484 405
696 405
1,025 1,090513 511
537 459
1,450 1,262675 540
929 925
244
l 425 961
778 805
1,600 1,203959 975
471 477
1,050 893
600 594
600 602
540 489
522 385
700 337
407 359
650 654
612 613
556 579
563 531
592 538
484 380
696 411
1,025 1,048513 518
537 464
1,450 1,275675 597
929 920
345
1,425 995778 774
1,600 1,102959 976
471 477
1,050 848
600 549
600 568
540 489
522 387
700 368
407 375
650 661
612 611
556 564
563 545
592 555
484 370
696 419
1,025 1,040513 511
537 482
l 450 1,266675 591
929 925
284
1,425 1,000778 819
1,600 1,101959 977
471 462
1,050 844
600 585
600 572
540 461
522 390
700 466
407 370
650 647
612 612
556 556
563 550
592 562
505 370
696 422
1,025 1,027513 510
537 488
l 450 1,268675 571
1,001 929
l 425 1,051759 778
1,600 1,047975 974
471 422
1,050 858
600 594
669 589
540 445
Jefferson County,Public Sdhools
?t?Shaping the Future
Board of Education of Jefferson County, Kentucky
School Building Capacity Data-Continued
Ten Years' Trend Data
School Name
l
King ElementaryKlondike Lane ElementmyKnight MiddleLassiter Middle
Laukhuf ElementaryLayne ElementaryLiberty HighLincoln ElementaryLouisville Male HighLowe ElementaryLuhr ElementaryMaupin ElementaryMcFerran Preparatory AcadcmyMedora ElementaryMeyzcek MiddleMiddletown ElementaryMill Creek ElementaryMinors Lane ElementaryMoore Traditional School (New 06-0 7)Moore Traditional Middle
Moore Traditional HighMyers MiddleNes?g MiddleNoe Middle
Norton ElementaryOkolona Elementary
Continued
126
SquareFootage
2014-15 2013-14 2012-13 2011-12 2010-11
Student
Enrollment
Program 1st PupilCapacity Month
Student
Enrolln'ient
Program 1stPupilCapacity Month
Skudent
Enrollment
Program 1st PupilCapacity Month
Student
Enrollment
Pro@am lstPupilCapacity Month
Student
Enrollment
Program 1st PupilCapacity Month
67,295
57,300
101,218
103,834
61,426
50,740
100,329
96,825
187,678
59,560
46,943
74,000
160,000
39,537
}34,645
58,553
48,611
51 ,721
263,686
265,786
265,786
97,164
119,000
151,960
60,724
50,950
550 456
732 569
700 411
900 925
600 455
541 469
270 385
500 544
l 763 l 781
620 606
524 477
675 485
1,020 874463 442
1,200 1,123645 598
564 484
600 446
2,070 1,984
1010 324
1,112 1,0201,332 1,331768 732
501 346
550 457
732 617
700 435
900 855
600 464
541 472
270 366
500 493
1,763 l 755620 620
524 486
675 496
1,020 917463 444
1,200 1 140645 603
564 475
600 384
2,070 1,860
1,010 7851,112 1,015
1,332 1,330768 726
501 329
550 486
732 681
700 472
l 900 754
600 448
541 500
263 349
439 445
1,763 l 735615 614
524 493
675 497
1,020 903463 440
1,200 1,115645 620
564 509
600 383
2,050 1,763
1,010 7311,112 1,0461,332 1,341768 737
501 328
550 441
732 727
700 456
900 751
600 442
541 466
373 330
439 401
l 763 1,688608 615
524 494
675 507
996 972
463 435
1,200 1,117645 609
564 503
600 365
2,050 l 651
1,010 770
1,112 l 031
1,332 1,323768 730
501 329
484 499
658 696
700 537
925 817
620 472
514 503
n/a 462
439 373
,634 1 732600 611
524 500
675 528
1,062 946424 440
1,200 1,051632 611
564 504
600 329
2,050 1,550
1,010 720
1,112 947
1,250 1,319750 722
501 382
Jefferson County,Public Schools
A'F'+t?
Shaping the Futurae
Board of Education of Jefferson County, Kentucky
School Building Capacity Data-Continued
Ten Years' TrendData
School Name
1
King Elementary
Klondike Lane ElementaryKnight MiddleLassiter Middle
Laukhuf Elementary
Layne ElementaryLiberty High
Lincoln Elementary
Louisville Male High
Lowe Elementary
Luhr Elementary
Maupin Elementary
McFerran Preparatory Academy
Medora Elementary
Meyzeek Middle
Middletown Elementary
Mill Creek Elementary
Minors Lane Elementary
Moore Traditional School (New 06-07)Moore Traditional Middle
Moore Traditional HighMyers Middle
Newburg MiddleNoe Middle
Norton Elementaiy
Okolona Elementmy
Continued 127
Sq-are
Footagc
2009-10 2008-09 2007-08 2006-07 2005-06
Stixlent
Enrollment
Program 1st PupilCapacity Month
Student
Enrollment
Proyam 1st Pupil
Capacity Month
Student
Enrollment
Pro@am 1st PupilCapacity Month
Student
Enrollment
Pro@am 1st PupilCapacity Month
Student
Enrollment
Pro@am 1st PupilCapacity Month
67,295
57,300
101,568
103,834
56,209
50,740
100,329
63,067
209,752
59,560
49,373
74,000
334,503
39,537
134,645
58,553
49,651
51,721
265,786
265,786
97,164
123,433
155,118
62,719
so,gso
484 531
658 709
700 560
925 784
620 498
514 513
n/a 414
439 275
},634 1,785
600 611
524 492
675 504
1,062 920
424 460
1,200 1,062
632 647
564 486
600 330
2,050 1,557
1,010 783
1,112 930
1,250 1,330
750 735
501 422
484 499
658 712
700 579
925 724
620 527
514 508
n/a 368
439 292
1,634 1 786
600 595
524 500
675 607
1,062 827
424 421
1,200 1,071632 613
564 490
600 376
2,050 1,568
1,010 797
1112 958
1,250 1,305750 753
501 415
484 455
658 680
700 594
925 634
620 512
514 465
n/a 346
439 302
1,634 },754600 602
524 510
675 602
1,062 881
424 413
1,200 1,059
632 595
564 495
600 351
2,050 1,585
1,010 852
1,112 1,024
1,250 1,336
750 718
501 458
484 426
658 682
700 586
925 651
620 502
514 499
n/a 373
439 294
1,634 1,792
600 600
524 507
675 619
1,062 891
424 414
1,200 1,073
632 609
564 487
600 395
2,050 l 716
1,010 828
1,112 },O47
1,250 1,269
750 739
501 467
484 437
624 631
700 582
950 675
620 504
490 470
n/a 316
406 282
1,634 1,683570 602
524 474
650 602
1,062 916
424 408
1,200 1,096
632 602
564 458
600 443
1,050 906
1,000 743
1,010 950
1,112 1,084
1,332 },274
750 721
501 468
Jefferson countyn?;Public Schools A?Shaping the Future
Board of Education of }efferson County, Kentucky
Schoo} Building Capacity Data-Continued
Ten Years' Trend Data
School Name
l
Olmsted Academy North MiddleOlmsted Academy South MiddlePleasure Ridge Park HighPortlandElementaryPrice ElementaryRamsey Middle (New07-08)Rangeland ElementaryRoosevelt Perry ElementaryRutherford ElementarySanders ElementarySchaffner Traditional ElementarySemple ElementarySeneca HighShacklette ElementaryThe Academy@ShawneeShelby ElementarySlaughter ElementarySmyrna Traditional ElementarySouth Park TAPP Progran'i'Southern HighSt. Matthews ElementaryStonestreet ElementaryStopher Elementary (New07-08)Stuart Middle
Taylor, Zachary ElementaryTrunnel ElementaryTully Elementary
Continued
128
e
Footage
'- 2014-15 2013-14 2012-13 2011-12 2010-11
Skixlent
Enrollment
Program l st PupilCapacity Month
Student
Enrollment
Proyam 1st PupilCapacity Month
Student
Enro llment
Progyam 1st PupilCapacity Month
Student
Enrollment
Program 1st PupilCapacity Month
Student
Enrollment
Program 1stPupilCapacity Month
152,553 773 662101,082 810 680284,117 1,850 1,88753,599 400 29353,339 590 509129,000 950 99854,840 620 48562,566 451 43587,876 630 60544,376 560 51541,156 612 60273,440 629 581
226,306 1,685 1,46255,786 616 454
333,804 1,449 67576,343 700 73763,380 526 43752,176 585 55942,440 191 89
321,288 1,700 .1,19244,888 597 57948,282 578 46079,550 832 791
214,706 1,500 88260,043 585 52554,086 662 542105)6481 828 706
773 653
810 721
1,850 1,837400 288
590 544
950 947
620 529
451 413
630 608
560 501
612 610
629 535
1,685 1,502616 437
1449 595
700 704
526 439
585 562
191 157
1,700 1,124597 568
578 482
832 803
1,500 970585 508
662 568
828 738
850 665
895 771
1,850 1,861l 450 268
590 588
.950 877
580 580
451 397
630 606
560 498
612 608
629 543
1,685 l 482616 433
1,400 553650 682
526 415
575 571
216 211
1,700 1,199597 589
578 515
820 811
1,500 1,058585 517
662 632
828 792
'1,050 768895 814
1,850 1,859450 256
590 582
950 821
560 545
451 381
630 595
560 504
612 608
629 542
1,685 1,379616 450
1,400 587650 649
526 442
575 546
216 212
1700 1,240597 593
578 488
784 809
1,500 l 020585 491
662 609
828 794
1,050 782895 771
1,820 1,891472 259
547 578
gso 727
520 520
451 379
600 598
503 493
612 604
629 552
1,685 l 494708 472
l 400 563
650 646
508 516
623 513
1,700 },274550 588
578 497
650 763
1,500 1,082585 498
670 606
809 807
Jefferson County,Public Schools
A'F'?t?
Shaping the Futurae
Board of Education of Jefferson County, Kentucky
School Buuding Capacity Data-Continued
Ten Ycms' Trend Data
School Name
Olmsted Academy North MiddleOlmsted Academy South MiddlePleasure Ridge Park HighPortland ElementaryPrice Elementary
Ramsey Middle (New 07-08)Rangeland ElementaryRoosevelt Perry ElementaryRutherford ElementarySanders Elementary
Schaffner Traditional ElementarySemple ElementarySeneca HighShacklette ElementaiyThe Academy@ShawneeShelby ElementarySlaughter ElementarySmyrna Traditional ElementarySouth Park TAPP Program'Southern HighSt. Matthews ElementarySkonestreet ElementaryStopher Elementary (New 07-08)Stuart Middle
Taylor, Zachary ElementaryTrunnel ElementaryTully Elementary
Continued
129
SquareFootage
200'i-10 2008-09 2007-08 2006-07 2005-06- Student-'Enrollment
Program 1st PupilCapacity Month
Stixlent
Enrollment
Program 1st PupilCapacity Month
Stixlent
Enrollment
Program 1st PupilCapacity Month
S(udentEnrollment
Program 1st PupilCapacity Month
S(ixlent
Enrollment
Program 1st PupilCapacity Month
152,553
101,510
284,117
52,661
53,339
129,000
46,210
50,185
83,296
44,376
41,156
65,447
236,142
47,409
333,804
83,477
50,578
42,827
42,152
329,983
46,228
49,169
79,550
214,706
45,067
55,097
105,648
1,050 786895 776
1,820 1,938472 270
547 539
950 657
520 492
451 307
600 547
503 528
612 611
629 581
l 685 1,519708 493
1 ,400 549650 626
508 483
623 574
1700 1,292550 600
578 515
650 754
1,500 1,085585 534
670 636
809 812
1,050 711895 727
1,820 1,920472 294
547 544
950 510
520 368
451 323
600 564
503 563
612 611
629 585
1,685 1,579708 529
l 400 863
650 541
508 473
623 599
1700 1,292550 580
578 548
650 688
1,500 1,093585 513
670 653
809 750
1,050 746895 613
1,820 1,940472 283
547 551
520 417
451 357
600 539
503 541
612 610
629 587
1,685 1,731708 524
l 400 755
650 492
508 441
623 593
1,700 1,291550 551
578 567
650 475
1,500 1,114585 499
670 600
809 743
1,050 714895 594
1,820 1,879472 288
547 558
520 397
451 343
600 510
503 513
612 604
629 599
1,685 1 773
708 565
1400 786
650 502
l 508 433
623 560
1,700 1,383550 550
578 536
1,500 1,112585 504
670 626
809 836
1,050 796936 618
1,800 1,956472 306
569 510
520 433
451 354
600 533
503 494
612 608
629 596
1,685 1,711708 611
1 400 691
650 500
508 437
620 581
1700 1,402519 533
578 519
1,500 1,177563 503
670 639
809 822
Je;'::n -:a"Shaping the Future
Board of Education of Xefferson Coumy, Kentucky
Schoo} Building Capacity Data-Continued
Ten Years' Trend Data
School Name
Valley Traditional HighWaggener HighWaller William Environmental'
Watson Lane ElementaryWatterson ElementaryWellington Traditional Elem.Western HigliWestern Middle
Westport TAPP Progyam'Westport Traditional MiddleWheatley ElementaryWheeler ElementaryWilder ElementaryWilkerson Traditional Elem.
Wilt ElementaryYoung ElementaryYouth Performing Arts Program'
' Stixlents at these alternative schools are counted in the enrollment at their home school for years prior to 2011-12.
Enrollment presented is as of the end of the first pupil month. This is not typically our highest enrollment month during the school year,but this is when the program budget is set and students are assigned to each school w'thin program capacity guidelines.
Continued
130
SquareFootage
2014-15 2013-14 2012-13 2011-12 2010-11
Student
Enrollment
Program 1st Pupil
Capacity Month
Student
Enrollment
Program 1st PupilCapacity Month
Skudent
Enrollment
Progyam 1st PupilCapacity Month
Stixlent
Enrollment
Program 1st PupilCapacity Month
Student
Enrollment
Program 1st PupilCapacity Month
275,670
185,446
54,619
68,925
52,105
56,924
202,622
133,525
78,O43
169,768
61,244
53,443
49,424
43,795
50,481
73,437
78,O43
1,600 l 4811,300 76398 86
661 395
615 593
547 457
1,300 806825 555
148 158
1,300 1124550 390
680 681
613 572
534 479
566 485
650 535
1,600 1,3301,300 764
98
661 414
615 593
547 457
1,300 768825 461
148 179
1,300 943550 401
680 684
613 593
534 495
566 476
650 520
1,600 1,0871,300 78298 97
661 443
615 605
547 482
1,300 798825 387
228 154
1,300 928550 405
680 631
613 566
534 490
566 460
650 531
'1,600 9791,300 790
661 449
615 599
547 486
1,300 762825 297
228 219
1,300 885550 420
680 618
613 564
534 496
566 456
650 440
1,600 908
1,300 852
661 454
615 593
547 480
1,300 871825 356
1,300 849550 410
680 597
610 568
470 517
550 476
610 429
Je,,,ffebrsonllcscochwun/tys tmShaping the Future
Board of Education of Iefferson County, Kentucky
School Building Capacity Data-Continued
Ten Years' Trend Data
School Name
Valley Traditional HighW@ggener HighWaller William Environmental'
Watson Lane ElementaryWatterson ElementaryWellington Traditional Elem.Western HighWestern Middle
Westport TAPP Program'Westport Traditional MiddleWheatley ElementaryWhee}er ElementaryWilder ElementaryWilkerson Traditional Elem.
Wilt ElementaryYoung ElementaryYouth P erforming Aats Proyam'
' Stixlents at these alternative schools are counted in the enrollment at their home school for years prior to 2011-12.
Enrollment presented is as of the end of the first pupil month. This is not typically our highest enrollment month during the school year,bur this is when the program bixlget is set and students are assigned to each school w'thin program capacity guidelines.
131
SquareFootage
2009-10 2008-09 2007-08 2006-07 2005-06- !jtixlentEnrollment
Program 1st PupilCapacity Month
Student
Enrollment
Pr(yBm 1st PupilCapacity Month
Student
Enrollment
Program 1st PupilCapacity Month
Stixlent
Enrollment
Program 1st PupilCapacity Month
Stixlent
Enrollment
Program 1st PupilCapacity Month
266,102
222,142
52,616
62,030
52,105
56,924
235,472
133,525
52,950
169,768
63,935
53,443
49,738
43,795
50,481
73,437
78,043
1,600 835
1,300 924
661 485
615 601
547 483
1,300 848825 457
1,300 790550 386
680 593
610 612
470 519
550 463
610 489
1,600 877
1,300 1,005
661 523
615 579
547 477
1,300 871825 493
1,300 739550 386
680 611
610 609
470 510
550 517
610 582
1,600 879
1,300 1,136
661 559
615 574
547 458
1,300 960825 463
1,300 749550 422
680 605
610 587
470 509
550 504
610 579
1,600 884
1,300 1,190
661 591
615 606
547 451
1,300 952
825 495
1,300 869
550 430
680 684
610 580
470 503
550 533
610 513
1,600 922
1,300 1,159
661 607
620 592
547 467
1,300 912825 542
1,300 913550 391
665 678
610 599
470 475
550 543
610 510
Jefferson CountylPublic Schools
A'F'?t?
Shaping the Future
Board of Education of Jefferson County, Kentucky
Misceuaneous Statistics
For the Year Ended June 30, 2015
Student DemograpMcs
iag4 mAmerican?ndian .1%
mAsian 3.6o/o
Other 3.6%
lL 3 7"A
N Hispanic/Latino 9%
African American 36.8%
Caucasian 46.9%
Number of Students
English as a Second LanguageDifferent LanguagesSpecial NeedsFree and Reduced Price Lunch
Advanced Placement Tests Taken
5,336123
12,62167%
9,777
Fiuiding Auocation
m Central Office
Shident Transportation
Number of Buses
Number of Bus CompoundsMiles Driven per Day (Average)Number of Students Transported Daily
977
13
107,907
69,886
s Schools
Systemwide SchoolCenters
132
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