San Jacinto Community College San Jacinto Community College District (the College) traces its roots

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Transcript of San Jacinto Community College San Jacinto Community College District (the College) traces its roots

  • San Jacinto Community College District

    COMPREHENSIVE ANNUAL FINANCIAL REPORT

    FOR THE FISCAL YEARS ENDED AUGUST 31, 2017 AND 2016

    Prepared by

    The Department of Fiscal Affairs 4624 Fairmont Parkway Pasadena, Texas 77504

  • SAN JACINTO COMMUNITY COLLEGE DISTRICT

    Comprehensive Annual Financial Report For the Fiscal Years Ended August 31, 2017 and 2016

    TABLE OF CONTENTS

    i

    Page

    INTRODUCTORY SECTION Table of Contents ............................................................................................................... i-iii

    Organizational Data ........................................................................................................... iv

    Organizational Chart .......................................................................................................... v

    Letter of Transmittal ........................................................................................................... vi-x

    Certificate of Achievement of Excellence in Financial Reporting ...................................... xi

    FINANCIAL SECTION Independent Auditor’s Report ............................................................................................ 1-3

    Management’s Discussion and Analysis (Unaudited) ........................................................ 4-14

    BASIC FINANCIAL STATEMENTS

    Exhibit 1 Statements of Net Position ........................................................................ 15

    Exhibit 2 Statements of Revenues, Expenses, and Changes in Net Position ......... 16

    Exhibit 3 Statements of Cash Flows ......................................................................... 17

    Notes to Basic Financial Statements ................................................................................. 18-47

    SUPPLEMENTAL SCHEDULES ............................................................................................... 48

    REQUIRED BY THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD

    RSS - 1 Schedule of the College’s Share of Net Pension Liability (Unaudited) ..... 49

    RSS - 2 Schedule of the College’s Contributions (Unaudited) ................................ 50

    Note to Required Supplemental Schedules (Unaudited) ................................................... 51

    REQUIRED BY THE TEXAS HIGHER EDUCATION COORDINATING BOARD

    Schedule A Schedule of Operating Revenues .............................................................. 52

    Schedule B Schedule of Operating Expenses by Object .............................................. 53

    Schedule C Schedule of Non-Operating Revenues and Expenses .............................. 54

    Schedule D Schedule of Net Position by Source and Availability ................................. 55

  • SAN JACINTO COMMUNITY COLLEGE DISTRICT

    Comprehensive Annual Financial Report For the Fiscal Years Ended August 31, 2017 and 2016

    TABLE OF CONTENTS, CONTINUED

    ii

    STATISTICAL SECTION (Unaudited)

    Table of Contents ............................................................................................................... 56

    SS-1 Net Position by Component ............................................................................. 57

    SS-2 Revenues by Source ........................................................................................ 58

    SS-3 Program Expenses by Function ....................................................................... 59

    SS-4 Tuition and Fees .............................................................................................. 60

    SS-5 Assessed Value and Taxable Assessed Value of Property ............................. 61

    SS-6 State Appropriation per FTSE and Contact Hour............................................. 62

    SS-7 Top Ten Principal Taxpayers ........................................................................... 63

    SS-8 Property Tax Levies and Collections ............................................................... 64

    SS-9 Ratios of Outstanding Debt… .......................................................................... 65

    SS-10 Legal Debt Margin Information ......................................................................... 66

    SS-11 Pledged Revenue Coverage ............................................................................ 67

    SS-12 Demographic and Economic Statistics – Taxing District ................................. 68

    SS-13 Principal Employers for the Service Area… ..................................................... 69

    SS-14 Faculty, Staff, and Administrators Statistics ..................................................... 70

    SS-15 Enrollment Details ............................................................................................ 71

    SS-16 Student Profile .................................................................................................. 72

    SS-17 Transfers to Senior Institutions ........................................................................ 73

    SS-18 Capital Asset Information ................................................................................. 74

  • SAN JACINTO COMMUNITY COLLEGE DISTRICT

    Comprehensive Annual Financial Report For the Fiscal Years Ended August 31, 2017 and 2016

    TABLE OF CONTENTS, CONTINUED

    iii

    FEDERAL AWARDS SECTION Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ........................................................ 75-76

    Independent Auditor’s Report on Compliance for Each Major Program and on Internal Control over Compliance Required by the Uniform Guidance and the State of Texas Single Audit Circular ................................................................................................ 77-79

    Schedule E - Schedule of Expenditures of Federal Awards .............................................. 80-81

    Notes to Schedules of Expenditures of Federal Awards and State Awards ...................... 83

    Schedule of Findings and Questioned Costs ..................................................................... 84-86

    STATE AWARDS SECTION

    Independent Auditor’s Report on Compliance for Each Major Program and on Internal Control over Compliance Required by the Uniform Guidance and the State of Texas Single Audit Circular ................................................................................................ 77-79

    Schedule F - Schedule of Expenditures of State Awards .................................................. 82

    Notes to Schedules of Expenditures of Federal Awards and State Awards ...................... 83

    Schedule of Findings and Questioned Costs ..................................................................... 84-86

  • SAN JACINTO COMMUNITY COLLEGE DISTRICT Organizational Data

    Board of Trustees and Key Officers

    Year Ended August 31, 2017

    iv

    Officers Mrs. Marie Flickinger Chair Mr. Dan Mims Vice Chair Mr. Keith Sinor Secretary Mrs. Erica Davis Rouse Assistant Secretary

    Members Term Expires May 31,

    Mrs. Marie Flickinger Houston, Texas 2019 Mr. Larry Wilson Pasadena, Texas 2019 Mr. Dan Mims Channelview, Texas 2021 Mr. John Moon, Jr. Pasadena, Texas 2021 Mr. Keith Sinor Deer Park, Texas 2021 Mrs. Erica Davis Rouse Houston, Texas 2023 Dr. Ruede Wheeler, D.D.S. La Porte, Texas 2023 Trustee Emeritus Mr. Ben Meador Key Officers Dr. Brenda L. Hellyer Chancellor Dr. Laurel V. Williamson Deputy Chancellor and College President Mrs. Teri Crawford Vice Chancellor of Marketing, Public Relations and Governmental Affairs Dr. Allatia Harris Vice Chancellor of Strategic Initiatives, Workforce Development, Community Relations and Diversity Mr. Chester Lewis Vice Chancellor of Fiscal Affairs Mr. Steve Trncak Vice Chancellor of Human Resources Mr. Rob Stanicic Chief Information Officer Mr. Van Wigginton, J.D. Provost Dr. William Raffetto Provost Dr. Brenda Jones Provost

  • xi

  • 1

    INDEPENDENT AUDITOR’S REPORT Board of Trustees of San Jacinto Community College District Report on the Financial Statements We have audited the accompanying financial statements of the San Jacinto Community College District (the College) as of and for the years ended August 31, 2017 and 2016, and the related notes to the financial statements, which collectively comprise the College’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 an opinion on these financial statements based on our audits. We condu