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AUDITED FINANCIAL STATEMENTS
ALOMA D. JOHNSON CHARTER SCHOOL
JUNE 30, 2018
ALOMA D. JOHNSON CHARTER SCHOOL
CONTENTS
Page
Independent Auditors Report.........................................................................................................................1 - 2
Financial Statements:
Statements of Financial Position 3
Statements of Activities and Changes in Net Assets ......................................................................................... 4
Statements of Functional Expenses................................................................................................................... 5
Statements of Cash Flows.................................................................................................................................. 6
Notes to the Financial Statements................................................................................................................7 - 11
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.......................................................................................................................................................12 - 13
Schedule of Findings and Responses .............................................................................................................. 14
Schedule of Prior Year Findings and Responses............................................................................................15
INDEPENDENT AUDITORS REPORT
To the Board of Trustees Aloma D. Johnson Charter School Buffalo, New York
Report on the Financial Statements
We have audited the accompanying financial statements of Aloma D. Johnson Charter School (School) which comprise the statements of financial position as of June 30, 2018 and 2017, and the related statements of activities and changes in net assets, functional expenses and cash flows for the years then ended and the related notes to the financial statements.
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 conducted our audits 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 of 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.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Aloma D. Johnson Charter School as of June 30, 2018 and 2017, and changes in its net assets and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
1
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated October 12, 2018, on our consideration of the Schools internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Schools internal control over financial reporting and compliance.
Buffalo, New York October 12, 2018
2
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ALOMA D. JOHNSON CHARTER SCHOOL
STATEMENTS OF FINANCIAL POSITION June 30,
ASSETS 2018 2017
Current assets: Cash Restricted cash - board designated
Total cash
$ 968,489 75,137
1,043,626
$ 1,307,722 75,125
1,382,847
State and Federal aid receivable Accounts receivable Prepaid expenses
Total current assets
163,972 36,059 20,649
1,264,306
137,342 177,839 11,607
1,709,635
Security deposit 25,333 25,333
Property and equipment, net 65,947 79,344
Total assets $ 1,355,586 $ 1,814,312
LIABILITIES AND NET ASSETS
Current liabilities: Accounts payable Accrued expenses Accrued pension and retirement costs
Total current liabilities
$ 72,829 103,787 194,244 370,860
$ 47,638 103,533 211,241 362,412
Net assets: Unrestricted 984,726 1,451,900
Total liabilities and net assets $ 1,355,586 $ 1,814,312
See accompanying notes. 3
ALOMA D. JOHNSON CHARTER SCHOOL
STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS For the Years Ended June 30,
Revenue and support 2018 2017
Public School District Resident student enrollment Students with disabilities
Grant income Contributions Other income
Total revenue and support
$ 3,572,088 23,965
212,850 4,832 8,637
3,822,372
$ 3,599,230 32,141
180,245 4,905
13,566 3,830,087
Expenses
Program services Regular education Special education Other program Total program services
Management and general Total expenses
1,934,630 294,742
1,165,373 3,394,745
894,801 4,289,546
1,855,899 256,636
1,053,724 3,166,259
794,990 3,961,249
Change in net assets (467,174) (131,162)
Net assets - beginning of year 1,451,900 1,583,062
Net assets - end of year $ 984,726 $ 1,451,900
See accompanying notes. 4
ALOMA D. JOHNSON CHARTER SCHOOL
STATEMENTS OF FUNCTIONAL EXPENSES For the Years Ended June 30, 2018 and Summarized Totals for 2017
Program Services Regular Special Other Management 2018
Education Education Program Total and General Total 2017
Salaries Administrative staff personnel $ 71,683 $ 8,960 $ 58,221 $ 138,864 $ 275,986 $ 414,850 $ 336,390 Instructional personnel 1,010,636 131,347 302,316 1,444,299 - 1,444,299 1,384,112 Non-instructional personnel - - 186,585 186,585 221,102 407,687 347,282
Total salaries and staff 1,082,319 140,307 547,122 1,769,748 497,088 2,266,836 2,067,784 Fringe benefits and payroll taxes 228,956 28,632 114,497 372,085 103,992 476,077 479,758 Retirement 98,918 12,956 50,247 162,121 1,263 163,384 185,481
Total payroll and benefits 1,410,193 181,895 711,866 2,303,954 602,343 2,906,297 2,733,023
Accounting and legal services - - - - 40,047 40,047 43,224 Building and land rent / lease 220,447 27,556 110,223 358,226 101,038 459,264 416,749 Consulting services - education 55,715 67,655 - 123,370 - 123,370 86,248 Consulting services - other - - - - 36,360 36,360 38,661 Depreciation 17,820 2,227 8,910 28,957 8,167 37,124 20,175 Equipment rental 12,187 1,523 6,093 19,803 5,586 25,389 23,308 Insurance 2,367 296 1,183 3,846 23,141 26,987 11,894 Library - - 11,956 11,956 - 11,956 15,746 Meetings and travel - - - - 3,256 3,256 3,816 Occupancy 86,019 10,752 43,009 139,780 39,426 179,206 143,336 Office expense 7,097 355 1,774 9,226 26,261 35,487 24,679 Other 12,325 1,541 6,163 20,029 5,649 25,678 34,395 Repairs and maintenance 7,534 942 3,767 12,243 3,453 15,696 4,371 Staff development 32,027 - - 32,027 74 32,101 4,655 Student services - - 260,429 260,429 - 260,429 203,316 Supplies and materials 70,899 - - 70,899 - 70,899 96,053 Transportation - - - - - 57,600
Total expenses $ 1,934,630 $ 294,742 $ 1,165,373 $ 3,394,745 $ 894,801 $ 4,289,546 $ 3,961,249
See accompanying notes. 5
ALOMA D. JOHNSON CHARTER SCHOOL
STATEMENTS OF CASH FLOWS June 30,
Cash flows from operating activities: Change in net assets Adjustments to reconcile change in net assets to cash used by operating activities: Depreciation (Increase) decrease in assets:
State and Federal aid receivable Accounts receivable Prepaid expenses
Increase (decrease) in liabilities: Accounts payable Accrued expenses Accrued pension
Net cash used by by operating activities
$
2018
(467,174)
37,124
(26,630) 141,780
(9,042)
25,191 254
(16,997) (315,494)
$
2017
(131,162)
20,175
3,327 (94,142) 20,396
13,193 12,898
(18,012) (173,327)
Cash flows from investing activities: Purchase of equipment
Net cash used by investing activities (23,727) (23,727)
(73,048) (73,048)
Net decrease in cash (339,221) (246,375)
Cash at the beginning of the year 1,382,847 1,629,222
Cash at the end of the year $ 1,043,626 $ 1,382,847
See accompanying notes. 6
ALOMA D. JOHNSON CHARTER SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
NOTE 1. NATURE OF THE BUSINESS
The Aloma D. Johnson Charter School (the School) was chartered by the Board of Regents of the State University of New York on February 12, 2008 for a term of five years pursuant of Article 56 of the New York State Education Law. The Schools original charter was renewed for a term of three years through June 30, 2016 and further renewed for a term of three years through June 30, 2019. The School is a Type B New York State Not-For-Profit Corporation defined under the laws of the State of New York. The School is a K-4 public school primarily funded through the Board of Education, City of Buffalo, New York.
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting: The School's policy is to prepare its financial statements on the accrual basis of accounting, which means that revenues are recorded when earned and expenditures are recorded when incurred. This basis of accounting conforms to accounting principles generally accepted in the United States of America.
Display of Net Assets by Class: The accompanying financial statements have been prepared in conformity with the requirements of Financial Accounting Standards Board that requires that resources be classified for reporting purposes into three net asset categories (unrestricted, temporarily restricted and permanently restricted) according to the existence or absence of donor-imposed restrictions. Temporarily restricted net assets are those whose use has been limited by donors to a specific purpose or time period. Permanently restricted net assets are those for which donors require the principal of the gift to be maintained in perpetuity. There were no temporarily or permanently restricted net assets as of June 30, 2018 and 2017.
Revenue Recognition: The School recognizes public school district revenue on a per student basis at rates established by New York State for the school district in which the student resides. Final determination of the revenue earned by the School is subject to review by New York State. Provision is made in the financial statements for anticipated adjustments that may result from such reviews. Differences between amounts provided and final settlements are included in the statements of activities and changes in net assets in the year of settlement.
Grant awards accounted for as exchange transactions are recorded as revenue when expenditures have been incurred in compliance with grant restrictions. Amounts unspent are recorded in the statement of financial position as deferred revenue.
Contributions: Unconditional promises to give cash and other assets to the School are reported at fair value at the date the promise is received. Conditional promises to give and intentions to give are reported at fair value at the date the gift is received. The recorded value of gifts-in-kind approximates the fair value at date of receipt. The gifts are reported as either temporarily or permanently restricted support if they are received with donor stipulations that limit the use of the donated assets. When a donor restriction expires, that is, when a stipulated time restriction ends or purpose restriction is accomplished, temporarily restricted net assets are reclassified as unrestricted net assets and reported in the statements of activities as net assets released from restrictions. Donor restricted contributions whose restrictions are met within the same year as received are reflected as unrestricted contributions. The School did not receive donor-restricted contributions during the years ended June 30, 2018 and 2017.
Cash: Cash, at times, may exceed federally insured limits. The School has not experienced any losses in these accounts and believes it is not exposed to any significant credit risk with respect to cash. Restricted cash includes an escrow deposit of $75,137, as of June 30, 2018 ($75,125 2017). Pursuant to Section 5, Fiscal Management Plan, contained in the Schools Charter Application and Section 2851.2.(t) of the NYS Education Law, it was determined that an escrow account of $75,000 should be established and maintained.
7
ALOMA D. JOHNSON CHARTER SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Accounts Receivables: The Schools policy is to present accounts receivable net of an allowance for uncollectible accounts. On a periodic basis, management evaluates accounts receivable and adjusts the allowance for uncollectible accounts. Customer balances are written off when amounts are deemed uncollectible. As of June 30, 2018 and 2017 all accounts receivable were deemed collectible.
State and Federal Aid Receivable: The Schools policy is to present the state and federal aid receivable net of an allowance for uncollectible accounts. Amounts received in advance of incurring the related costs are reported as deferred revenue. On a periodic basis, management evaluates accounts receivable and adjusts the allowance for uncollectible accounts. As of June 30, 2018 and 2017 all state and federal receivable were deemed collectible.
Property and Equipment: Property and equipment are recorded at cost. Contributed assets are recorded at their fair value at the date of contribution. Significant purchases and improvements that extend the useful life of an asset are capitalized. Repairs and maintenance are charged to expense in the period incurred. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Estimated useful lives are five years for furniture, fixtures and equipment and the lessor of the lease term or useful life for building improvements. The cost and related accumulated depreciation of fixed assets are removed from the accounts as they are retired or otherwise disposed of and gain or loss, if any, is reflected in operations of the period. Depreciation expense was $37,124 and $20,175 for the years ended June 30, 2018 and 2017, respectively.
Impairment of Long-Lived Assets: If facts and circumstances exist that indicate the carrying values of the Schools fixed assets to be held and used exceed their recoverable value, an impairment analysis is performed. The School assesses the recoverability of its assets by comparing the projected undiscounted net cash flows associated with those assets to their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets. Fair value is determined by available market valuations, if applicable, or by discounted cash flows. There was no impairment recorded on long-lived assets by the School for the years ended June 30, 2018 and 2017.
Donated Services: Volunteers have donated significant amounts of time in support of the Schools activities. However, the value of these services is not reflected in the accompanying financial statements, as they do not meet the criteria for recognition as set forth under generally accepted accounting principles in the United States of America.
Use of Estimates in Preparation of Financial Statements: The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.
Functional Allocation of Expenses: Costs of providing the various programs and activities have been summarized in the Statements of Functional Expenses and have been allocated among the programs and supporting services benefited.
Income Taxes: The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provisions for federal income taxes are included in the financial statements. The School files its Return of Organization Exempt from Income Tax in the U.S. Federal Jurisdiction.
Comparative Information: The financial statements include certain prior year summarized comparative information in total, but not by functional expense classification. Such information does not include sufficient detail to constitute a presentation in conformity with generally accepted accounting principles in the United States of America. Accordingly, such information should be read in conjunction with the Schools financial statements for the year ended June 30, 2017, from which the summarized information was derived.
8
ALOMA D. JOHNSON CHARTER SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Recently Issued Accounting Pronouncements: In August 2016, the FASB issued ASU 2016-14, Presentationof Financial Statements of Not-for-Profit Entities, which will improve current net asset classification requirementsand the information presented in financial statements and footnotes about a not-for-profits liquidity, financial performance, and cash flows. The ASU is effective for fiscal years beginning after December 15, 2017 with earlyadoption permitted. The School is currently evaluating the impact the adoption of this guidance will have on itsfinancial statements.
Subsequent Events: These financial statements have not been updated for subsequent events occurring after October 12, 2018, which is the date these statements were available to be issued.
NOTE 3. PROPERTY AND EQUIPMENT
Property and equipment as of June 30, 2018 and 2017 consists of the following:
2018 2017
Building improvements $ 325,719 $ 314,673 Furniture, fixtures and equipment 201,149 188,468 Total 526,868 503,141 Less: accumulated depreciation 460,921 423,797 Property and equipment, net $ 65,947 $ 79,344
NOTE 4. LINE OF CREDIT
In July 2014, the School entered into a line-of-credit with Evans Bank with a maximum authorization of $200,000. The line is collateralized by substantially all of the Schools assets. Advances against this line bear interest at the prime rate plus .5% which amounted to 5.5% at June 30, 2018. There was no outstanding balance as of June 30, 2018 and 2017. The line of credit has financial reporting requirements, which the School is in compliance with.
NOTE 5. PENSION AND RETIREMENT PLANS
Teachers Retirement System (TRS): The School participates in the New York State Teachers Retirement System (TRS). This is a cost-sharing multiple-employer retirement system. The System provides retirement benefits as well as, death and disability benefits to plan members and beneficiaries as authorized by the Education Law and the Retirement and Social Security Law of the State of New York. The System is governed by a 10 member Board of Trustees. Once a public employer elects to participate in the System, the election is irrevocable. The New York State Constitution provides that pension membership is a contractual relationship and plan benefits cannot be diminished or impaired. Benefits can be changed for future members only by enactment of a State statute. Additional information regarding the System, may be obtained by writing to the New York State Teachers Retirement System, 10 Corporate Woods Drive, Albany, NY 12211-2395 or by referring to the NYSSTR Comprehensive Annual Financial report which can be found on the Systems website at www.nystrs.org.
The System is noncontributory except for employees who joined after July 27, 1976, who contribute 3 percent of their salary for the first ten years of membership, and employees who joined on or after January 1, 2010 who generally contribute 3.0 to 3.5 percent of their salary for their entire length of service. For TRS, contribution rates are established annually by the New York State Teachers Retirement Board pursuant to Article 11 of the Education law. Required contributions by the School for the year ended June 30, 2018 and 2017 amounted to $158,231 and $174,619, respectively.
9
http:www.nystrs.org
ALOMA D. JOHNSON CHARTER SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
NOTE 5. PENSION AND RETIREMENT PLANS (CONTINUED)
The funded status of the TRS plan is 100.66% as of June 30, 2017. TRS has provided all participants with certain information regarding their proportionate share of plans net position as of June 30, 2017. TRS performs an actuarial calculation of the funded status for the prior year on an annual basis. Therefore, at June 30, 2018 the only available information for the plan is as of June 30, 2017. The Schools proportion of the pension liability was based on a projection of the Schools long-term share of contributions to TRS relative to the projected contributions of all participating members, actuarially determined. The Schools portion of the TRS plans total pension asset is .008957%. If the pension liability was required to be recorded, the net pension asset and pension expense as of the measurement date of June 30, 2017 was $166,348 and $169,514, respectively.
Retirement Plan: The School sponsors a Section 403(b) salary reduction plan which is available to all eligible employees. Effective July 1, 2014, the School amended the 403(b) plan to provide for an employer match up to 6% of the affected employees annual salary for specific employees not covered under the TRS plan. The Schools contributions to the plan amounted to $14,145 and $10,862 for the years ended June 30, 2018 and 2017, respectively.
NOTE 6. COMMITMENTS AND CONTINGENCIES
Facility Lease: The School entered into a non-cancellable operating lease at their current principal facility through June 30, 2019. In November 2016, an additional rent payable of $6,921 per month related to an expansion of their current principal facility began and is also due through June 30, 2019. Rent expense for the year ended June 30, 2018 amounted to $459,264 ($416,749 2017).
The following is the future minimum lease payments under the non-cancellable operating facility lease for the fiscal year ending June 30:
Year Amount
2019 $ 458,046
Equipment Lease: The school entered into a non-cancellable operating lease to rent its copier equipment that expires June 30, 2019. Equipment expense for the year ended June 30, 2018 amounted to $10,510 ($12,107 2017).
The following is the future minimum lease payments under the non-cancellable equipment operating lease forthe fiscal years ending June 30:
Year Amount
2019 $ 9,582 2020 3,194 Total $ 12,776
Government Grants: The School has received grants, which are subject to audit by agencies of the State and federal governments. Such audits may result in disallowances and a request for a return of funds. Based on prior years experience, the Schools administration believes disallowances, if any, will be immaterial.
10
ALOMA D. JOHNSON CHARTER SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
NOTE 7. CONTRACT
Buffalo Public School District: The Schools food services are substantially provided under contract with the Buffalo Public Schools. Buffalo Public Schools administers the Schools food services and claims the funding available through New York States National School Lunch and School Breakfast Programs to pay for these operations.
Collective bargaining Unit: The School has a collective bargaining agreement in place with the Aloma D. Johnson Charter School Educational Association. This three year agreement expires on July 31, 2020. The bargaining unit covers teachers, social workers, nurses, specialists, and math coaches. The agreement includes compensation increases in the form of wages, medical, and pension benefits, which go up at various times over the term of the agreement.
11
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
INDEPENDENT AUDITORS REPORT
The President and Board of Trustees of Aloma D. Johnson Charter School Buffalo, New York
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Aloma D. Johnson Charter School (the School), which comprise the statement of financial position as of June 30, 2018, and the related statements of activities and changes in net assets, functional expenses and cash flows for the year then ended, and the notes to the financial statement, and have issued our report thereon dated October 12, 2018.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Schools internal control over reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion of the effectiveness of the Schools internal control. Accordingly, we do not express an opinion of the effectiveness of the Schools internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entitys financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charges with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Schools financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
12
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Schools internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Schools internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
Buffalo, New York October 12, 2018
13
ALOMA D. JOHNSON CHARTER SCHOOL
SCHEDULE OF FINDINGS AND RESPONSES FOR THE YEAR ENDED JUNE 30, 2018
I. SUMMARY OF AUDITORS RESULTS
Financial Statements
Type of auditors opinion(s) issued: Unqualified
Internal control over financial reporting:
Material weakness(es) identified? Yes X No
Significant deficiency(ies) identified? Yes X None reported
Noncompliance material to financial statements noted? Yes X No
II. FINDINGS - FINANCIAL STATEMENT AUDIT
There were no findings for the year ended June 30, 2018.
14
ALOMA D. JOHNSON CHARTER SCHOOL
SCHEDULE OF PRIOR YEAR FINDINGS AND RESPONSES FOR THE YEAR ENDED JUNE 30, 2018
FINDINGS FINANCIAL STATEMENT AUDIT
There were no findings for the year ended June 30, 2017.
15
1
Annual Financial Statement Audit Report
School Name: Aloma D.Johnson Charter School
Date (Report is due Nov. 1): 31-Oct-18
Primary District of Location (If NYC select NYC DOE):
Buffalo
If located in NYC DOE select CSD: -
School Fiscal Contact Name: Ken Kruly School Fiscal Contact Email: School Fiscal Contact Phone:
School Audit Firm Name: Freed Maxick School Audit Contact Name: Chris Piedici School Audit Contact Email: School Audit Contact Phone:
Audit Period: 2017-18 Prior Year: 2016-17
The following items are required to beincluded:
1.) The independent auditors report on financial statements and notes. 2.) Excel template file containing the Financial Position, Statement of Activities, Cash Flow and Functional Expenses worksheets. 3.) Reports on internal controls over financial reporting and on compliance.
The additional items listed below should be included if applicable. Please explain the reason(s) if the items are not included. Examples might include: a written management letter was not issued; the school did not expend federal funds in excess of the Single Audit Threshold of $750,000; the management letter response will be submitted by the following date (should be no later than 30 days from the submission of the report); etc.
Item If not included, state the reason(s) below (if not applicable fill in
Management Letter N/A):
Management Letter Response
Federal Single Audit (A-133)
2
Corrective Action Plan
3
- -
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Allegany-Limestone Central School District NYCSD #13
Altmar-Parish-Williamstown Central School District NYCSD #14
Amagansett Union Free School District NYCSD #15
Amherst Central School District NYCSD #16
Amityville Union Free School District NYCSD #17
Amsterdam City School District (Greater) NYCSD #18
Andes Central School District NYCSD #19
Andover Central School District NYCSD #20
Ardsley Union Free School District NYCSD #21
Argyle Central School District NYCSD #22
Arkport Central School District NYCSD #23
Arlington Central School District NYCSD #24
Attica Central School District NYCSD #25
Auburn Enlarged City School District NYCSD #26
AuSable Valley Central School District NYCSD #27
Averill Park Central School District NYCSD #28
Avoca Central School District NYCSD #29
Avon Central School District NYCSD #30
B NYCSD #31
Babylon Union Free School District NYCSD #32
Bainbridge-Guilford Central School District
Baldwin Union Free School District
Baldwinsville Central School District
Ballston Spa Central School District
Barker Central School District
Batavia City School District
4
Bath Central School District
Bay Shore Union Free School District
Bayport-Blue Point Union Free School District
Beacon City School District
Beaver River Central School District
Bedford Central School District
Beekmantown Central School District
Belfast Central School District
BelleVille Henderson Central School District
Bellmore Union Free School District
Bellmore-Merrick Central High School District
Bemus Point Central School District
Berkshire Union Free School District
Berlin Central School District
Berne-Knox-Westerlo Central School District
Bethlehem Central School District
Bethpage Union Free School District
Binghamton City School District
Blind Brook-Rye Union Free School District
Bloomfield Central School District (East Bloomfield Central School District)
Bolivar-Richburg Central School District
Bolton Central School District
Bradford Central School District
Brasher Falls Central School District
Brentwood Union Free School District
Brewster Central School District
Briarcliff Manor Union Free School District
Bridgehampton Union Free School District
Bridgewater-West Winfield Central School District (Mount Markham Central School District)
Brighton Central School District
Brittonkill Central School District (Brunswick Central School District)
Broadalbin-Perth Central School District
Brockport Central School District
Brocton Central School District
Brookhaven-Comsewogue Union Free School District (Comsewogue Union Free School District)
Bronxville Union Free School District
Brookfield Central School District
Brunswick Central School District (Brittonkill Central School District)
Brushton-Moira Central School District
Buffalo City School District
5
Burnt Hills-Ballston Lake Central School District
Byram Hills Central School District
Byron-Bergen Central School District
C
Cairo-Durham Central School District
Caledonia-Mumford Central School District
Cambridge Central School District
Camden Central School District
Campbell Savona Central School District
Canajoharie Central School District
Canandaigua City School District
Canaseraga Central School District
Canastota Central School District
Candor Central School District
Canisteo-Greenwood Central School District
Canton Central School District
Carle Place Union Free School District
Carmel Central School District
Carthage Central School District
Cassadaga Valley Central School District
Cato-Meridian Central School District
Catskill Central School District
Cattaraugus-Little Valley Central School District
Cazenovia Central School District
Center Moriches Union Free School District
Central Islip Union Free School District
Central Square Central School District
Central Valley Central School District
Chappaqua Central School District
Charlotte Valley Central School District
Chateaugay Central School District
Chatham Central School District
Chautauqua Lake Central School District
Chazy Union Free School District
Cheektowaga Central School District
Cheektowaga-Maryvale Union Free School District (Maryvale Union Free School District)
Cheektowaga-Sloan Union Free School District (Sloan Union Free School District)
Chenango Forks Central School District
Chenango Valley Central School District
Cherry Valley-Springfield Central School District
6
Chester Union Free School District
Chittenango Central School District
Churchville-Chili Central School District
Cincinnatus Central School District
Clarence Central School District
Clarkstown Central School District
Cleveland Hill Union Free School District
Clifton-Fine Central School District
Clinton Central School District
Clyde Savannah Central School District
Clymer Central School District
Cobleskill-Richmondville Central School District
Cohoes City School District
Cold Spring Harbor Central School District
Colton-Pierrepont Central School District
Commack Union Free School District
Comsewogue Union Free School District (Brookhaven-Comsewogue Union Free School District)
Connetquot Central School District
Cooperstown Central School District
Copenhagen Central School District
Copiague Union Free School District
Corinth Central School District
Corning City School District
Cornwall Central School District
Cortland City School District
Coxsackie-Athens Central School District
Croton-Harmon Union Free School District
Crown Point Central School District
Cuba-Rushford Central School District
D
Dalton-Nunda Central School District (Keshequa Central School District )
Dansville Central School District
Deer Park Union Free School District
Delhi Central School District
Depew Union Free School District
Deposit Central School District
DeRuyter Central School District
Dobbs Ferry Union Free School District
Dolgeville Central School District
Dover Union Free School District
7
Downsville Central School District
Dryden Central School District
Duanesburg Central School District
Dundee Central School District
Dunkirk City School District
E
East Aurora Union Free School District
East Bloomfield Central School District (Bloomfield Central School District)
East Greenbush Central School District
East Hampton Union Free School District
East Irondequoit Central School District
East Islip Union Free School District
East Meadow Union Free School District
East Moriches Union Free School District
East Port - South Manor Central School District
East Quogue Union Free School District
East Ramapo Central School District
East Rochester Union Free School District
East Rockaway Union Free School District
East Syracuse-Minoa Central School District
East Williston Union Free School District
Eastchester Union Free School District
Eastport - South Manor Central School District
Eden Central School District
Edgemont Union Free School District
Edinburg Common School District
Edmeston Central School District
Edwards-Knox Central School District
Edwin Gould Academy - Ramapo Union Free School District
Elba Central School District
Eldred Central School District
Elizabethtown-Lewis Central School District
Ellenville Central School District
Ellicottville Central School District
Elmira City School District
Elmira Heights Central School District
Elmont Union Free School District
Elmsford Union Free School District
Elwood Union Free School District
Evans-Brant Central School District (Lake Shore)
8
F
Fabius - Pompey Central School District
Fairport Central School District
Falconer Central School District
Fallsburg Central School District
Farmingdale Union Free School District
Fayetteville-Manlius Central School District
Fillmore Central School District
Fire Island Union Free School District
Fishers Island Union Free School District
Floral Park-Bellerose Union Free School District
Florida Union Free School District
Fonda-Fultonville Central School District
Forestville Central School District
Fort Ann Central School District
Fort Edward Union Free School District
Fort Plain Central School District
Frankfort-Schuyler Central School District
Franklin Central School District
Franklin Square Union Free School District
Franklinville Central School District (Ten Broeck Academy)
Fredonia Central School District
Freeport Union Free School District
Frewsburg Central School District
Friendship Central School District
Frontier Central School District
Fulton City School District
G
Galway Central School District
Gananda Central School District
Garden City Union Free School District
Garrison Union Free School District
Gates Chili Central School District
General Brown Central School District
Genesee Valley Central School District
Geneseo Central School District
Geneva City School District
George Junior Republic Union Free School District
Georgetown-South Otselic Valley Central School District (Otselic Valley Central School District)
Germantown Central School District
9
Gilbertsville - Mount Upton Central School District
Gilboa-Conesville Central School District
Glen Cove City School District
Glens Falls City School District
Glens Falls Common School (Abraham Wing School)
Gloversville Enlarged City School District
Gorham-Middlesex Central School District (Marcus Whitman Central School District )
Goshen Central School District
Gouverneur Central School District
Gowanda Central School District
Grand Island Central School District
Granville Central School District
Great Neck Union Free School District
Greece Central School District
Green Island Union Free School District
Greenburgh Central 7 School District
Greenburgh Eleven Union Free School District
Greenburgh-Graham Union Free School District
Greenburgh-Northcastle Union Free School District (Saint Christopher's)
Greene Central School District
Greenport Union Free School District
Greenville Central School District
Greenwich Central School District
Greenwood Central School District (Canisteo-Greenwood Central School District)
Greenwood Lake Union Free School District
Groton Central School District
Guilderland Central School District
H
Hadley-Luzerne Central School District
Haldane Central School District
Half Hollow Hills Central School District
Hamburg Central School District
Hamilton Central School District
Hammond Central School District
Hammondsport Central School District
Hampton Bays Union Free School District
Hancock Central School District
Hannibal Central School District
Harborfields Central School District
Harpursville Central School District
10
Harrison Central School District
Harrisville Central School District
Hartford Central School District
Hastings-on-Hudson Union Free School District
Hauppauge Union Free School District
Haverstraw-Stony Point Central School District (North Rockland Central School District)
Hawthorne Cedar Knolls Union Free School District
Hempstead Union Free School District
Hendrick Hudson Central School District
Herkimer Central School District
Hermon DeKalb Central School District
Herricks Union Free School District
Heuvelton Central School District
Hewlett-Woodmere Union Free School District
Hicksville Union Free School District
Highland Central School District
Highland Falls-Fort Montgomery Central School District
Hilton Central School District
Hinsdale Central School District
Holland Central School District
Holland Patent Central School District
Holley Central School District
Homer Central School District
Honeoye Central School District
Honeoye Falls Lima Central School District
Hoosic Valley Central School District
Hoosick Falls Central School District
Hornell City School District
Horseheads Central School District
Hudson City School District
Hudson Falls Central School District
Hunter-Tannersville Central School District
Huntington Union Free School District
Hyde Park Central School District
I
Ichabod Crane Central School District (Kinderhook Central School District)
Indian Lake Central School District
Indian River Central School District
Inlet Common School
Iroquois Central School District
11
Irvington Union Free School District
Island Park Union Free School District
Island Trees Union Free School District
Islip Union Free School District
Ithaca City School District
J
Jamestown City School District
Jamesville - Dewitt Central School District
Jasper-Troupsburg Central School District
Jefferson Central School District
Jericho Union Free School District
Johnsburg Central School District
Johnson City Central School District
Johnstown City School District (Greater)
Jordan-Elbridge Central School District
K
Katonah - Lewisboro Union Free School District
Keene Central School District
Kendall Central School District
Kenmore - Town of Tonawanda Union Free School District (Ken-Ton)
Ken-Ton (Kenmore - Town of Tonawanda Union Free School District)
Keshequa Central School District (Dalton-Nunda Central School District)
Kinderhook Central School District (Ichabod Crane Central School District)
Kings Park Central School District
Kingston City School District
Kiryas Joel Village Union Free School District
L
Lackawanna City School District
LaFargeville Central School District
LaFayette Central School District
Lake George Central School District
Lake Placid Central School District
Lake Pleasant Central School District
Lake Shore (Evans-Brant Central School District)
Lakeland Central School District
Lancaster Central School District
Lansing Central School District
Lansingburgh Central School District
Laurens Central School District
Lawrence Union Free School District
12
Le Roy Central School District
Letchworth Central School District
Levittown Union Free School District
Lewistown-Porter Central School District
Liberty Central School District
Lindenhurst Union Free School District
Lisbon Central School District
Little Falls City School District
Little Flower Union Free School District
Liverpool Central School District
Livingston Manor Central School District
Livonia Central School District
Lockport City School District
Locust Valley Central School District
Long Beach City School District
Long Lake Central School District
Longwood Central School District
Lowville Academy and Central School District
Lyme Central School District
Lynbrook Union Free School District
Lyncourt Union Free School District
Lyndonville Central School District
Lyons Central School District
M
Madison Central School District
Madrid-Waddington Central School District
Mahopac Central School District
Maine-Endwell Central School District
Malone Central School District
Malverne Union Free School District
Mamaroneck Union Free School District
Manchester-Shortsville Central School District
Manhasset Union Free School District
Maplewood Common School District (North Colonie Central School District)
Marathon Central School District
Marcellus Central School District
Marcus Whitman Central School District (Gorham-Middlesex Central School District)
Margaretville Central School District
Marion Central School District
Marlboro Central School District
13
Maryvale Union Free School District (Cheektowaga-Maryvale Union Free School District)
Massapequa Union Free School District
Massena Central School District
Mattituck-Cutchogue Union Free School District
Mayfield Central School District
McGraw Central School District
Mechanicville City School District
Medina Central School District
Menands Union Free School District
Merrick Union Free School District
Mexico Academy and Central School District
Midlakes(Phelps-Clifton Springs Central School District)
Middle Country Central School District
Middleburgh Central School District
Middletown Enlarged City School District
Milford Central School District
Millbrook Central School District
Miller Place Union Free School District
Mineola Union Free School District
Minerva Central School District
Minisink Valley Central School District
Mohonasen Central School District
Monroe Woodbury Central School District
Montauk Union Free School District
Monticello Central School District
Moravia Central School District
Moriah Central School District
Morris Central School District
Morrisville-Eaton Central School District
Morristown Central School District
Mount Markham Central School District (Bridgewater-West Winfield Central School District)
Mount Morris Central School District
Mount Pleasant Central School District
Mount Pleasant Cottage Union Free School District
Mount Pleasant-Blythedale Union Free School District
Mount Sinai Union Free School District
Mount Vernon City School District
N
Nanuet Union Free School District
Naples Central School District
14
New Hartford Central School District
New Hyde Park-Garden City Park Union Free School District
New Lebanon Central School District
New Paltz Central School District
New Rochelle City School District
New Suffolk Common School District
New York City Department of Education
New York Mills Union Free School District
Newark Central School District
Newark Valley Central School District
Newburgh Enlarged City School District
Newcomb Central School District
Newfane Central School District
Newfield Central School District
Niagara Falls City School District
Niagara Wheatfield Central School District
Niskayuna Central School District
North Babylon Union Free School District
North Bellmore Union Free School District
North Collins Central School District
North Colonie Central School District
North Greenbush Common School District (Williams)
North Merrick Union Free School District
North Rockland Central School District (Haverstraw-Stony Point Central School District)
North Rose-Wolcott Central School District
North Salem Central School District
North Shore Central School District
North Syracuse Central School District
North Tonawanda City School District
North Warren Central School District
Northeastern Clinton Central School District
Northern Adirondack Central School District
Northport-East Northport Union Free School District
Northville Central School District
Norwich City School District
Norwood-Norfolk Central School District
Nyack Union Free School District
O
Oakfield Alabama Central School District
Oceanside Union Free School District
15
Odessa-Montour Central School District
Ogdensburg City School District
Olean City School District
Oneida City School District
Oneonta City School District
Onondaga Central School District
Onteora Central School District
Oppenheim-Ephratah Central School District
Orchard Park Central School District
Oriskany Central School District
Ossining Union Free School District
Oswego City School District
Otselic Valley Central School District (Georgetown-South Otselic Valley Central School District)
Owego Apalachin Central School District
Owen D. Young Central School District (Van Hornesville Central School District)
Oxford Academy and Central School District
Oyster Bay - East Norwich Central School District
Oysterponds Union Free School District
P
Palmyra-Macedon Central School District
Panama Central School District
Parishville-Hopkinton Central School District
Patchogue-Medford Union Free School District
Pavilion Central School District
Pawling Central School District
Pearl River Union Free School District
Peekskill City School District
Pelham Union Free School District
Pembroke Central School District
Penfield Central School District
Penn Yan Central School District
Perry Central School District
Peru Central School District
Phelps-Clifton Springs Central School District (Midlakes)
Phoenix Central School District
Pine Bush Central School District
Pine Plains Central School District
Pine Valley Central School District
Pioneer Central School District (Yorkshire-Pioneer Central School District)
Piseco Common School District
16
Pittsford Central School District
Plainedge Union Free School District
Plainview-Old Bethpage Central School District
Plattsburgh City School District
Pleasantville Union Free School District
Pocantico Hills Central School District
Poland Central School District
Port Byron Central School District
Port Chester-Rye Union Free School District
Port Jefferson Union Free School District
Port Jervis City School District
Port Washington Union Free School District
Portville Central School District
Potsdam Central School District
Poughkeepsie City School District
Prattsburgh Central School District
Pulaski (Academy) Central School District
Putnam Central School District
Putnam Valley Central School District
Q
Queensbury Union Free School District
Quogue Union Free School District
R
Ramapo Central School District
Randolph Academy Union Free School District
Randolph Central School District
Raquette Lake Union Free School
Ravena-Coeymans-Selkirk Central School District
Red Creek Central School District
Red Hook Central School District
Remsen Central School District
Remsenburg-Speonk Union Free School District
Rensselaer City School District
Rhinebeck Central School District
Richfield Springs Central School District
Ripley Central School District
Riverhead Central School District
Rochester City School District
Rockville Centre Union Free School District
Rocky Point Union Free School District
17
Rome City School District
Romulus Central School District
Rondout Valley Central School District
Roosevelt Union Free School District
Roscoe Central School District
Roslyn Union Free School District
Roxbury Central School District
Royalton Hartland Central School District
Rush-Henrietta Central School District
Rye City School District
Rye Neck Union Free School District
S
Sachem Central School District
Sackets Harbor Central School
Saint Christopher's (Greenburgh-Northcastle Union Free School District)
Sag Harbor Union Free School District
Sagaponack Common School District
Saint Johnsville Central School District
Saint Regis Falls Central School District
Salamanca City Central School District
Salem Central School District
Salmon River Central School District
Sandy Creek Central School District
Saranac Central School District
Saranac Lake Central School District
Saratoga Springs City School District
Saugerties Central School District
Sauquoit Valley Central School District
Sayville Union Free School District
Scarsdale Union Free School District
Schalmont Central School District
Schenectady City School District
Schenevus Central School District
Schodack Central School District
Schoharie Central School District
Schroon Lake Central School District
Schuylerville Central School District
Scio Central School District
Scotia-Glenville Central School District
Seaford Union Free School District
18
Seneca Falls Central School District
Sewanhaka Central High School District
Sharon Springs Central School District
Shelter Island Unnion Free School District
Shenendehowa Central School District
Sherburne-Earlville Central School District
Sherman Central School District
Shoreham Wading River Central School District
Sidney Central School District
Silver Creek Central School District
Skaneateles Central School District
Sloan Union Free School District (Cheektowaga-Sloan Union Free School District)
Smithtown Central School District
Sodus Central School District
Solvay Union Free School District
Somers Central School District
South Colonie Central School District
South Country Central School District
South Glens Falls Central School District
South Huntington Union Free School District
South Jefferson Central School District
South Kortright Central School District
South Lewis Central School District
South Manor Union Free School District (merged into Eastport-South Manor CSD)
South Mountain-Hickory Common School District
South Orangetown Central School District
South Seneca Central School District
Southampton Union Free School District
Southern Cayuga Central School District
Southold Union Free School District
Southwestern Central School District
Spackenkill Union Free School District
Spencer - Van Etten Central School District
Spencerport Central School District
Springs Union Free School District
Springville-Griffith Institute Central School District
Stamford Central School District
Starpoint Central School District
Stillwater Central School District
Stockbridge Valley Central School District
19
Sugar Loaf Union Free School District
Sullivan West Central School District
Susquehanna Valley Central School District
Sweet Home Central School District
Syosset Central School District
Syracuse City School District
T
Taconic Hills Central School District
Tarrytown Union Free School District
Ten Broeck Academy (Franklinville Central School District)
Thousand Islands Central School District
Three Village Central School District
Ticonderoga Central School District
Tioga Central School District
Tonawanda City School District
Town of Webb Union Free School District
Tri-Valley Central School District
Troy City School District
Trumansburg Central School District
Tuckahoe Common School District
Tuckahoe Union Free School District
Tully Central School District
Tupper Lake Central School District
Tuxedo Union Free School District
U
Unadilla Valley Central School District
Unatego Central School District
Union Springs Central School District
Uniondale Union Free School District
Union-Endicott Central School District
Utica City School District
V
Valhalla Union Free School District
Valley-Montgomery Central School District (Valley Central School District)
Valley Central School District (Valley-Montgomery Central School District)
Valley Stream #13 Union Free School District
Valley Stream 30 Union Free School District
Valley Stream Central High School District
Valley Stream District 24 Union Free School District
Van Hornesville Central School District (Owen D. Young Central School District)
20
Vernon-Verona-Sherrill Central School District
Vestal Central School District
Victor Central School District
Voorheesville Central School District
W
Wainscott Common School District
Wallkill Central School District
Walton Central School District
Wantagh Union Free School District
Wappingers Central School District
Warrensburg Central School District
Warsaw Central School District
Warwick Valley Central School District
Washingtonville Central School District
Waterford-Halfmoon Union Free School District
Waterloo Central School District
Watertown City School District
Waterville Central School District
Watervliet City Schools
Watkins Glen Central School District
Waverly Central School District
Wayland-Cohocton Central School District
Wayne Central School District
Webster Central School District
Webutuck Central School District
Weedsport Central School District
Wells Central School District
Wellsville Central School District
West Babylon Union Free School District
West Canada Valley Central School District
West Genesee Central School District
West Hempstead Union Free School District
West Irondequoit Central School District
West Islip School Union Free School District
West Seneca Central School District
West Valley Central School District
Westbury Union Free School District
Westfield Academy and Central School District
Westhampton Beach Union Free School District
Westhill Central School District
21
Westmoreland Central School District
Westport Central School District
Wheatland-Chili Central School District
Wheelerville Union Free School District
White Plains City School District
Whitehall Central School District
Whitesboro Central School District
Whitesville Central School District
Whitney Point Central School District
William Floyd Union Free School District
Williams (North Greenbush Common School District)
Williamson Central School District
Williamsville Central School District
Willsboro Central School District
Wilson Central School District
Windham Ashland Jewett Central School District
Windsor Central School District
Worcester Central School District
Wyandanch Union Free School District
Wynantskill Union Free School District
Wyoming Central School District
Y
Yonkers City School District
York Central School District
Yorkshire-Pioneer Central School District (Pioneer Central School District)
Yorktown Central School District
22
FILL IN GRAY CELLS Aloma D. Johnson Charter School Statement of Financial Position
as of June 30
2018 2017
CURRENT ASSETS Cash and cash equivalents $ 968,489 $ 1,307,722 Grants and contracts receivable 163,972 137,342 Accounts receivables 36,059 177,839 Prepaid Expenses 20,649 11,607 Contributions and other receivables - -Other current assets - -
TOTAL CURRENT ASSETS 1,189,169 1,634,510
NON-CURRENT ASSETS Property, Building and Equipment, net $ 65,947 $ 79,344 Restricted Cash 75,137 75,125 Security Deposits 25,333 25,333 Other Non-Current Assets - -TOTAL NON-CURRENT 166,417 179,802 ASSETS
TOTAL ASSETS 1,355,586 1,814,312
CURRENT LIABILITIES Accounts payable and accrued expenses $ 176,616 $ 151,171 Accrued payroll, payroll taxes and benefits 194,244 211,241 Current Portion of Loan Payable - -Due to Related Parties - -Refundable Advances - -Deferred Revenue - -Other Current Liabilities - -TOTAL CURRENT 370,860 362,412 LIABILITIES
23
LONG-TERM LIABILITIES Loan Payable; Due in More than One Year Deferred Rent Due to Related Party Other Long-Term Liabilities TOTAL LONG-TERM LIABILITIES
TOTAL LIABILITIES
$ ----
-
370,860
$ ----
-
362,412
NET ASSETS Unrestricted Temporarily restricted Permanently restricted
TOTAL NET ASSETS
$ 984,726 --
984,726
$ 1,451,900 --
1,451,900
TOTAL LIABILITIES AND NET ASSETS 1,355,586 1,814,312
CK - Should be zero - -
24
FILL IN GRAY CELLS Aloma D. Johnson Charter School
Statement of Activities as of June 30
2018 2017 Unrestricted Temporarily Total Total
Restricted
OPERATING REVENUE State and Local Per Pupil Revenue - Reg. Ed - $ 3,572,088 $ 3,599,230 State and Local Per Pupil Revenue - SPED 23,965 - 23,965 32,141 State and Local Per Pupil Facilities Revenue - - - -Federal Grants 212,850 - 212,850 180,245 State and City Grants - - - -Other Operating Income - - - -Food Service/Child Nutrition Program - - - -
TOTAL OPERATING REVENUE 3,808,903 - 3,808,903 3,811,616
EXPENSES Program Services Regular Education - $ 1,934,630 $ 1,855,899 Special Education 294,742 - 294,742 256,636 Other Programs 1,165,373 - 1,165,373 1,053,724 Total Program Services 3,394,745 - 3,394,745 3,166,259 Management and general 894,801 - 894,801 794,990 Fundraising - - - -TOTAL EXPENSES 4,289,546 - 4,289,546 3,961,249
SURPLUS / (DEFICIT) FROM OPERATIONS (480,643) - (480,643) (149,633)
SUPPORT AND OTHER REVENUE Interest and Other Income - $ 8,637 $ 13,566 Contributions and Grants 4,832 - 4,832 4,905 Fundraising Support - - - -Investments - - - -Donated Services - - - -Other Support and Revenue - - - -TOTAL SUPPORT AND OTHER REVENUE 13,469 - 13,469 18,471
$ 3,572,088 $
$ 1,934,630 $
$ 8,637 $
25
Net Assets Released from Restrictions / Loss on Disposal of Assets CHANGE IN NET ASSETS
NET ASSETS - BEGINNING OF YEAR PRIOR YEAR/PERIOD ADJUSTMENTS
$ - $
(467,174)
-
- $
-
- $ -
-
(467,174)
1,451,900 -
$
$
-
(131,162)
1,583,062 -
NET ASSETS - END OF YEAR $ 984,726 $ - $ 984,726 $ 1,451,900
CK - Should be zero - -
$ 1,451,900 $
26
FILL IN GRAY CELLS Aloma D. Johnson Charter School
Statement of Cash Flows as of June 30
2018 2017
CASH FLOWS - OPERATING ACTIVITIES Increase (decrease) in net assets $ (467,174) $ (131,162) Revenues from School Districts - -Accounts Receivable 141,780 (94,142) Due from School Districts - -Depreciation 37,124 20,175 Grants Receivable - -Due from NYS (26,630) 3,327 Grant revenues - -Prepaid Expenses (9,042) 20,396 Accounts Payable 25,191 13,193 Accrued Expenses 254 12,898 Accrued Liabilities (16,997) (18,012) Contributions and fund-raising activities - -Miscellaneous sources - -Deferred Revenue - -Interest payments - -Other - -Other - -NET CASH PROVIDED FROM OPERATING ACTIVITIES $ (315,494) $ (173,327)
CASH FLOWS - INVESTING ACTIVITIES $ $ Purchase of equipment (23,727) (73,048) Other - -NET CASH PROVIDED FROM INVESTING ACTIVITIES $ (23,727) $ (73,048)
CASH FLOWS - FINANCING ACTIVITIES $ $ Principal payments on long-term debt - -Other - -NET CASH PROVIDED FROM FINANCING ACTIVITIES $ - $ -
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS $ (339,221) $ (246,375) Cash at beginning of year 1,382,847 1,629,222 CASH AND CASH EQUIVALENTS AT END OF YEAR $ 1,043,626 $ 1,382,847
27
28
FILL IN GRAY CELLS Aloma D. Johnson Charter School Statement of Functional Expenses
as of June 30
2018 Program Services Supporting Services
No. of Regular Special Other Total Fundraising Management Positions Education Education Education and General
Personnel Services Costs $ $ $ $ $ $ Administrative Staff Personnel 7.00 71,683 8,960 58,221 138,864 - 275,986 Instructional Personnel 31.00 1,010,636 131,347 302,316 1,444,299 - -Non-Instructional Personnel 5.00 - - 186,585 186,585 - 221,102 Total Salaries and Staff 43.00 1,082,319 140,307 547,122 1,769,748 - 497,088 Fringe Benefits & Payroll Taxes 228,956 28,632 114,497 372,085 - 103,992 Retirement 98,918 12,956 50,247 162,121 - 1,263 Management Company Fees - - - - - -Legal Service - - - - - 40,047 Accounting / Audit Services - - - - - -Other Purchased / Professional / 55,715 67,655 - 123,370 - 36,360 Consulting Services Building and Land Rent / Lease 220,447 27,556 110,223 358,226 - 101,038 Repairs & Maintenance 7,534 942 3,767 12,243 - 3,453 Insurance 2,367 296 1,183 3,846 - 23,141 Utilities - - - - - -Supplies / Materials 70,899 - - 70,899 - -Equipment / Furnishings 12,187 1,523 6,093 19,803 - 5,586 Staff Development 32,027 - - 32,027 - 74 Marketing / Recruitment - - - - - -Technology - - - - - -Food Service - - - - - -Student Services - - 260,429 260,429 - -Office Expense 7,097 355 1,774 9,226 - 26,261 Depreciation 17,820 2,227 8,910 28,957 - 8,167 OTHER 98,344 12,293 61,128 171,765 - 48,331
Total Expenses $ 1,934,630 $ 294,742 $ 1,165,373 $ 3,394,745 $ - $ 894,801
29
FILL IN GRAY CELLSAloma D. Johnson Charter SchoolStatement of Functional Expenses
as of June 30
2018Supporting
Services Total Total
2017
$ 275,986
-221,102 497,088 103,992
1,263 -
40,047 -
36,360
$ 414,850
1,444,299 407,687
2,266,836 476,077 163,384
-40,047
-159,730
$ 336,390
1,384,112 347,282
2,067,784 479,758 185,481
-43,224
-124,909
$
101,038 3,453
23,141 --
5,586 74 ----
26,261 8,167 48,331
894,801 $
459,264 15,696 26,987
-70,899 25,389 32,101
---
260,429 35,487 37,124 220,096
4,289,546 $
416,749 4,371
11,894 -
96,053 23,308 4,655
---
203,316 24,679 20,175 254,893
3,961,249
30
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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
INDEPENDENT AUDITORS REPORT
The President and Board of Trustees of Aloma D. Johnson Charter School Buffalo, New York
We have audited, in accordance with the auditing standards generally acc
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