Cobb Schools Finance Dashboard

Jun. 15, 2021

BASIC METRICS - FY2022
GENERAL FUND BUDGET
Revenue	$1,184,060,854
Expenditure	$1,235,857,199
Difference - Budgeted Fund Balance	$51,796,345
BUDGET ANALYSIS
Salary & Benefits	93.29%
Instruction	72.23%
General Administration	1.14%
Value of One Mill	$31 Million

DISTRICT OTHER FUNDS
District Other Funds Budget Overview
District Other Funds Notebook

GENERAL FUND MILLAGE RATE
CCSD Board Approved Millage Rate	18.90
State of Georgia Millage Rate Cap	20.00
Millage Available Under the State Cap	1.10

Millage Rate History
Millage Rate Metro Atlanta Comparison

DISTRICT CREDIT RATINGS - LongTerm/Short Term
Moody's Investor Service	Aaa/MIG1
Standard & Poor's	AAA/A-1

District Long Term Credit rating Detail/Explanations
District Short Term Credit rating Detail/Explanations
Economic Factors
Debt Factors
Financial Factors
Management Factors

Financial%20Services%20Graphs%204.jpg DISTRICT CAPITAL PROJECT BUILDING PROGRAM (SPLOST)
District SPLOST Program Information/Data - SPLOST5

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FINANCIAL PLANNING & ANALYSIS(BUDGET)	FINANCIAL REPORTING/AUDIT
BUDGET INFORMATION Budget Balancing Methodology & Comments General Fund Budget VS Actual Property Value Digest - Multi-Year Planning Motor Vehicle TAVT - Title AdValorem Tax State of GA Quality Basic Education (QBE) Revenue Per Student FTE Expenditure Comparison - Metro Atlanta General Fund Salary History Current Year Budget Development Process Information Archived Budget Development Process Information DISTRICT FINANCIAL ANALYSIS Revenue Analysis Expenditure Analysis Long Term Liability Burden Analysis Operating Performance Analysis	FINANCIAL REPORTS Comprehensive Annual Financial Report (CAFR) - June 30, 2020 Archived CAFR Reports Actual General Fund Performance Actual General Fund Performance - Chart Fund Balance Policy Fund Balance - General Fund Quarterly Board Financial Report DISTRICT AUDITS Annual Independent Financial Audit Annual SPLOST Performance Audit LONG TERM DEBT Long Term Debt Legal Debt Margin Debt Service Ratios

FINANCIAL PLANNING & ANALYSIS(BUDGET)

FINANCIAL REPORTING/AUDIT

BUDGET INFORMATION

Budget Balancing Methodology & Comments
General Fund Budget VS Actual
Property Value Digest - Multi-Year Planning
Motor Vehicle TAVT - Title AdValorem Tax
State of GA Quality Basic Education (QBE) Revenue
Per Student FTE Expenditure Comparison - Metro Atlanta
General Fund Salary History
Current Year Budget Development Process Information
Archived Budget Development Process Information

DISTRICT FINANCIAL ANALYSIS
Revenue Analysis
Expenditure Analysis
Long Term Liability Burden Analysis
Operating Performance Analysis

FINANCIAL REPORTS

Comprehensive Annual Financial Report (CAFR) - June 30, 2020
Archived CAFR Reports
Actual General Fund Performance
Actual General Fund Performance - Chart
Fund Balance Policy
Fund Balance - General Fund
Quarterly Board Financial Report

DISTRICT AUDITS

Annual Independent Financial Audit
Annual SPLOST Performance Audit

LONG TERM DEBT

Long Term Debt
Legal Debt Margin
Debt Service Ratios

ECONOMIC DATA
STATE OF GEORGIA ECONOMY Georgia Economy Corporation Headquarters in Metro Atlanta State of Georgia Transportation and the Economy COBB COUNTY ECONOMY Cobb County Economy Cobb County Atlanta Braves Cobb County Highlighted Companies Cobb County Trans NW Corridor Infrastructure Project Cobb County Strategic Economic Development Cobb County Economic and Information Metrics Cobb County Principal Employers and Principal Taxpayers

ECONOMIC DATA

STATE OF GEORGIA ECONOMY

Georgia Economy
Corporation Headquarters in Metro Atlanta
State of Georgia Transportation and the Economy

COBB COUNTY ECONOMY
Cobb County Economy
Cobb County Atlanta Braves
Cobb County Highlighted Companies
Cobb County Trans NW Corridor Infrastructure Project
Cobb County Strategic Economic Development
Cobb County Economic and Information Metrics
Cobb County Principal Employers and Principal Taxpayers

Metrics Graphic.PNG

ORGANIZATION & MANAGEMENT
OVERVIEW OF THE SYSTEM AND MANAGEMENT
Overview of the System and Management Cobb County School District Awards & Honors Cobb County School District Forbes Best Employer District Mission, Vision, Core Values, Beliefs	Enrollment and Population Cobb County School District IE2 District Data Cobb Teaching & Learning System Graduation Rate Student Scores - SAT and ACT

SCHOOL DISTRICT FINANCIAL OPERATIONS MANAGEMENT
Cobb Schools Financial Strategic Management Cobb Schools Financial Organization Structure	Financial Practice & Operations Financial Procedures - Cobb Schools Financial University

COBB SCHOOLS FINANCIAL DIVISION RECOGNITIONS
Accounting Department Certificate for Excellence Financial Reporting from the Government Finance Officers Association annually since 1980 Certificate for Excellence Financial Reporting from the Association of School Business Officials International annually since 1984 Budget Department Best Practices in School Budgeting Award from Government Finance Officers Association annually since 1989 Meritorious Budget Award from the Association of School Business Officials International annually since 2004	Purchasing Department Excellence in Procurement (AEP) from the National Procurement Institute, Inc. earned annually since 2005 The highest award given for excellence in public procurement, NIGP’s Pareto Award, earned in 2004 Internal Compliance Department Pinnacle of Achievement Award from the Association of School Business Officials International (ASBO) recognizing the department’s innovation in financial procedure development awarded in 2014

COBB SCHOOLS FINANCIAL DIVISION RECOGNITIONS

Accounting Department

Certificate for Excellence Financial Reporting from the Government Finance Officers Association annually since 1980
Certificate for Excellence Financial Reporting from the Association of School Business Officials International annually since 1984

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Budget Department

Best Practices in School Budgeting Award from Government Finance Officers Association annually since 1989
Meritorious Budget Award from the Association of School Business Officials International annually since 2004

Purchasing Department

Excellence in Procurement (AEP) from the National Procurement Institute, Inc. earned annually since 2005
The highest award given for excellence in public procurement, NIGP’s Pareto Award, earned in 2004

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Internal Compliance Department

Pinnacle of Achievement Award from the Association of School Business Officials International (ASBO) recognizing the department’s innovation in financial procedure development awarded in 2014