PDF North Kansas City School District No. 74 Financial Statements ...

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For the Fiscal Year Ended June 30, 2016


List of Board of Education and Administration

Independent Auditors' Report

REQUIRED SUPPLEMENTARY INFORMATION Management's Discussion and Analysis

BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements: Statement of Net Position

Statement of Activities

Fund Financial Statements: Balance Sheet

Reconciliation of Total Governmental Fund Balance to Net Position of Governmental Activities

Combined Statement of Revenues, Expenditures and Changes in Fund Balances - All Governmental Funds

Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities

Notes to Financial Statements

REQUIRED SUPPLEMENTARY INFORMATION Budgetary Comparison Schedule - General Fund Budgetary Comparison Schedule - Special Revenue Fund Notes to Required Supplementary Information Schedule of Proportionate Share of the Net Pension Liability and Related Ratios Schedule of Employer Contributions ? PSRS & PEERS Other Post-Employment Benefits

SUPPLEMENTARY INFORMATION Budgetary Comparison - Debt Service Fund Budgetary Comparison - Capital Projects Fund Historical School Data: A. History of Student Enrollment B. History of Assessed Valuations and Corresponding Debt Outstanding C. History of Tax Levies D. Tax Collection Record Schedule of Bonded Indebtedness Schedule of Revenues Collected by Source Schedule of Expenditures Paid by Object Schedule of Selected Statistics Schedule of Expenditures of Federal Awards Notes to the Schedule of Expenditures of Federal Awards


1 2-4


20 21




26 27-64

66 68 68 69 70 71

73 74 75 75 76 76 77-78 79-80 81 82-84 85 86


INTERNAL CONTROL AND COMPLIANCE SECTION Independent Auditors' Report on Internal Control Over Financial Reporting and On Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Governmental Auditing Standards

Independent Auditors' Report on Compliance for Each Major Program and on Internal Control over Compliance Required by the Uniform Guidance

Schedule of Findings and Questioned Costs Schedule of Resolutions of Prior Years Audit Findings

Independent Auditor's Report on Management's Assertions About Compliance with Specific Requirements of Missouri Laws and Regulations


90-91 92-93





Dr. Terrence Ward, President Dr. Chip Luerding, Treasurer Mr. Joe Jacobs, Member Mr. Jay Wilson, Member

BOARD OF EDUCATION Ms. Dixie Youngers, Vice President Mr. Victor Hurlbert, Member Ms. Judy Wartick, Member Ms. Peggy Cole, Board Secretary


Dr. Dan Clemens Superintendent of Schools

Mr. Paul Harrell, CPA Deputy Superintendent ? Operations

Dr. Jill Hackett Deputy Superintendent - Academics

Ms. Rochel Daniels Executive Director ? Organizational Development

Dr. Deborah Delsemme Executive Director ? Human Resources

Dr. Paul Fregeau Assistant Superintendent ? Support Services

Mrs. Tammy Henderson Executive Director ? Community Relations Legislative Affairs

Mr. Matthew Fritz Executive Director ? Finance and Accounting

Dr. J. Michael Pragman Executive Director ? Data & Accountability

Mr. Chad Sutton Assistant to the Superintendent ? Pre K-8

Mr. Steve Book General Counsel

* Administrative Leadership Team July 1, 2016. Dr. Paul Kinder served as interim Superintendent until June 30, 2016.



Board of Education North Kansas City School District No. 74 Kansas City, Missouri

Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities and each major fund of the North Kansas City School District No. 74 (the "School District") as of and for the year ended June 30, 2016, and the related notes to the financial statements, which collectively comprise the School District's basic financial statements as listed in the table of contents.

Management's Responsibility for the Financial Statements

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

Auditor's Responsibility

Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

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



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