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Home My WebLink AboutNewton Community School District - Public Financial ReportPOPULAR ANNUAL FINANCIAL REPORT FOR THE YEAR ENDING JUNE 30, 2021 TO THE CITIZENS OF THE NEWTON COMMUNITY SCHOOL DISTRICT, The Newton Community School District is fortunate to have a supportive community that is a partner in the education of our children. As stewards of the community’s investment in its schools, the District is committed to ensuring that residents have access to and understand the District’s ÀQDQFHV7KH3RSXODU$QQXDO)LQDQFLDO5HSRUW3$)5LV something new that we are adding to share in that FRPPLWPHQW,WIRFXVHVRQWKH'LVWULFW·V*HQHUDO)XQGDQG offers an easy-to-understand overview of the District’s JHQHUDORSHUDWLQJDFWLYLWLHVDQGNH\ÀQDQFLDOWUHQGVIRU ÀVFDO\HDU-XO\²-XQH 7KHLQIRUPDWLRQUHÁHFWVNH\GDWDDYDLODEOHLQWKHDXGLWHG ÀQDQFLDOVWDWHPHQWVZLWKLQWKH'LVWULFW·V&RPSUHKHQVLYH $QQXDO)LQDQFLDO5HSRUW&$)5IRUWKHÀVFDO\HDUWKDW HQGHG-XQH7KDWGRFXPHQWZLOOEHDYDLODEOHRQ WKH,RZD6WDWH$XGLWRUVZHEVLWHDWZZZDXGLWRULRZDJRY 7KH'LVWULFW·V&$)5LVSUHSDUHGLQDFFRUGDQFHZLWK accounting principles generally accepted in the United 6WDWHV*$$37KH3$)5UHÁHFWVLQIRUPDWLRQRQDPRGLÀHG DFFUXDOEDVLVDQGLVSUHVHQWHGLQDQXQDXGLWHGIRUPDW We would like to thank our citizens for their encouragement in creating a report designed to more adequately address their needs as taxpayers, as well as the opportunity to VHUYHWKHP4XHVWLRQVFRPPHQWVDQGIHHGEDFNUHJDUGLQJ this report is encouraged. Do not hesitate to contact the GLVWULFWEXVLQHVVRIÀFHDWRU EORRPW#QHZWRQFVGRUJ 5HVSHFWIXOO\VXEPLWWHG Tom Messinger Superintendent 3 SCHOOL BOARD MEMBERS JOSH CANTU Board Vice- President Mr. Cantu has lived in Newton since 2002 when he joined Pella Corporation in an engineering role. He holds an undergraduate degree from Iowa State University in Mechanical Engineering and a graduate degree from the University of Iowa in Business Administration. MMISSIOON The Newton Community School District empowers every learner to achieve a lifetime of personal success. VISSIONN We are a collaborative and cohesive team that inspires and supports all learners in a culture of safety and acceptance. DONNA COOK Board Member Ms. Cook grew up in Newton and is a graduate of the Newton Community School District. She holds a Bachelors of Science degree in Nursing from the University of Iowa, and is retired. Ms. Cook is pas- sionate about family and community involvement in public education and has served on the local, state, and national Parent Teacher Association. GRAHAM SULLIVAN Board Member Graham Sullivan is the former Executive Director of Newton Main Street and is a third generation resident of Newton. She is an avid volunteer and is the Treasurer of the Newton Community Education )RXQGDWLRQDQH[RIÀFLRRIWKH1HZWRQ Development Corporation Board and the Newton Housing Development Corporation Board. TRAVIS PADGET Board Member Travis Padget was born and raised in Newton. After graduating from Newton High School in 1991, Travis went to Germany as a Foreign Exchange Student, then returned to Iowa to attend Cornell College in Mt. Vernon. While at Cornell College, Travis studied Art, Psychology, and Theatre. Travis moved to Boston in 1996 to work on a Masters Degree in Mental Health Counseling at Boston College. CODY MUHS Board President Cody Muhs is a Principal Engineer/Paralegal at Pella Corporation where he has been for 20 years in several different engineering roles. Cody graduated from the University of Illinois as an Industrial ngineer and received a Masters Degree in Business Administration from Drake University. ROBYN FRIEDMAN Board Member Robyn has lived in Newton since 2000 and is employed as a physical therapist at MercyOne Newton. She holds a bachelor of arts degree in Biology from Wartburg College and a Master’s Degree of Physical Therapy from the University of Iowa. Robyn is a current board member on the Jasper County Conservation Board, is an active member of the PTA, and serves on the Newton Wellness Coalition. MARK THAYER Board Member Mark has been living in Newton and serving as the administrator of the Newton Clinic since 1996. Mark is a graduate of Grand View University in 1994 (BA) and 2014 (MS). Mark is married to Michelle and they have two children, Maddison (Iowa State University) and Mitchell (Newton High School). Mark and his family are members of Sacred Heart Catholic Church. 4 SUMMARIZED FINANCIAL REPORTS Numbers in the Financial Position Statement and Financial Activity Statement are taken from the District’s Comprehensive Annual Financial Report (CAFR), but are presented in a non- GAAP format. In addition, this PAFR focuses on the District’s General Fund, the RSHUDWLQJIXQGRIWKH'LVWULFW7KH&$)5FDQEHREWDLQHGIURPWKH6WDWH$XGLWRU·VRIÀFH FY21 FY20 FY19 FY18 FY17 Cash and Investments $3,735 $2,382 $1,680 $1,537 $1,253 Receivables $12,383 $11,557 $10,778 $10,111 $9,587 TOTAL ASSETS $16,118 $13,939 $12,458 $11,649 $10,840 ASSETS (shown in thousands) FY21 FY20 FY19 FY18 FY17 Payables $909 $751 $471 $1,438 $497 ĞĨĞƌƌĞĚ/ŶŇŽǁƐ $10,381 $11,117 $10,224 $9,496 $9,218 TOTAL LIABILITIES AND DEFFERED INFLOWS $11,290 $11,868 $10,695 $10,935 $9,715 LIABILITIES AND DEFERRED INFLOWS (shown in thousands) FUND BALANCE $4,828 $2,071 $1,763 $714 $1,125 ASSETS OVER LIABILITIES AND DEFERRED INFLOWS The Financial Position Statement, known in accounting terms as the balance sheet, reports the assets available to provide services along with the liabilities (amounts for which the District is REOLJDWHGWRSD\LQWKHIXWXUHDQGGHIHUUHGLQÁRZVSULPDULO\DVVHWVWKDWGRQRWÀQDQFHWKHFXUUHQW ÀVFDO\HDU7KHH[FHVVRIDVVHWVRYHUOLDELOLWLHVDQGGHIHUUHGLQÁRZVSURYLGHVWKHQHWSRVLWLRQRU net worth, of the District. The amounts reported below are for the District’s General Fund. 6285&(([KLELW&IURP&$)5UHSRUW 5 FY21 FY20 FY19 FY18 FY17 Local Tax $11,205 $10,381 $9,603 $9,247 $9,114 dƵŝƟŽŶ $197 $250 $295 $291 $219 Other Local Sources $276 $360 $399 $448 $315 /ŶƚĞƌŵĞĚŝĂƚĞ^ŽƵƌĐĞƐ $- $- $- $3 $12 State Sources $22,346 $22,106 $22,119 $20,540 $20,432 &ĞĚĞƌĂů^ŽƵƌĐĞƐ $2,983 $1,502 $1,241 $1,054 $1,077 Other Sources $347 $56 $50 $37 $8 TOTAL $37,352 $34,655 $33,708 $31,619 $31,177 REVENUES AND RESOURCES OVER EXPENDITURES AND SERVICES 7KH)LQDQFLDO$FWLYLW\6WDWHPHQWEHORZLVVKRZQRQDPRGLÀHGDFFUXDOEDVLVIRUWKH'LVWULFWV*HQHUDO)XQG7KLV W\SHRIVFKHGXOHNQRZQLQDFFRXQWLQJWHUPVDVWKHLQFRPHVWDWHPHQWSURYLGHVDVXPPDU\RIWKHUHFHLSWVDQG UHVRXUFHVUHFHLYHGE\WKH'LVWULFWDVFRPSDUHGWRWKHH[SHQGLWXUHVDQGVHUYLFHVSURYLGHGE\WKH'LVWULFW FY21 FY20 FY19 FY18 FY17 /ŶƐƚƌƵĐƟŽŶ $21,532 $21,379 $20,524 $20,236 $20,164 ^ƚƵĚĞŶƚ^ƵƉƉŽƌƚ^ĞƌǀŝĐĞƐ $1,477 $1,402 $1,407 $1,360 $1,351 /ŶƐƚƌƵĐƟŽŶĂů^ƚĂī^ƵƉƉŽƌƚ^ĞƌǀŝĐĞƐ $2,114 $2,057 $1,936 $2,002 $2,083 ĚŵŝŶŝƐƚƌĂƟŽŶ $3,786 $3,743 $3,495 $3,512 $3,460 KƉĞƌĂƟŽŶĂŶĚDĂŝŶƚĞŶĂŶĐĞ $3,205 $3,073 $2,865 $2,667 $2,661 dƌĂŶƐƉŽƌƚĂƟŽŶ $1,121 $1,371 $1,130 $1,020 $979 ŽŵŵƵŶŝƚǇ^ĞƌǀŝĐĞƐ $- $1 $- $- $- AEA Flowthrough $1,355 $1,320 $1,302 $1,233 $1,190 Other Uses $6 $- $- $- $- TOTAL $34,596 $34,347 $32,659 $32,031 $31,888 CHANGE IN FUND BALANCE $2,757 $308 $1,049 $(411) $(711) REVENUES (shown in thousands) EXPENDITURES (shown in thousands) 6285&(([KLELW(IURP&$)5UHSRUW 6 REVENUES AND RESOURCES :KHUHWKH*HQHUDO)XQGPRQH\FRPHVIURP7KHJUDSKEHORZGLVSOD\VWKHPRGLÀHG DFFUXDOEDVLVVRXUFHVRIIXQGLQJIRUWKH*HQHUDO)XQGIRUÀVFDO\HDU 7.98% FEDERAL SOURCES 0.92% OTHER SOURCES 30.00% LOCAL TAX 0.53% TUITION 59.83% STATE SOURCES FY21 PROPERTY TAXES (shown in thousands) Below is a graph depicting the amount of property taxes collections received by the District’s General Fund from taxes on real property. Property taxes provide a majority of the local revenue to operate and maintain our schools. 0.74% OTHER LOCAL SOURCES TOTAL $37,351,748 Revenues & Resources SOURCE: Exhibit E from CAFR report FY20 FY19 FY18 FY17 7 EXPENDITURES AND SERVICES :KHUHWKH*HQHUDO)XQGPRQH\JRHV7KHJUDSKEHORZGLVSOD\VWKHPRGLÀHGDFFUXDO EDVLVXVHVRIIXQGLQJIURPWKH*HQHUDO)XQGIRUWKHÀVFDO\HDU 3.92% AEA FLOWTHROUGH 0.01% OTHER USES 62.24% INSTRUCTION 4.27% STUDENT SUPPORT SERVICES 6.11% INSTRUCTIONAL STAFF SUPPORT SERVICES 3.24% TRANSPORTATION SOURCE: Exhibit E from CAFR report 10.94% ADMINISTRATION 9.27% OPERATION AND MAINTENANCE TOTAL $34,595,679 ([SHQVHV 6HUYLFHV FY13 TAXES LEVIED FY21 TOTAL TAX RATE AND VALUATION FY13FY20 FY19 FY18 FY17 FY16 FY15 FY14 GENERAL PPEL DEBT SERVICE MANAGEMENT TAXES LEVIED TAXES LEVIED TAXES LEVIED TAXES LEVIED TAXES LEVIED TAXES LEVIED TAXES LEVIED TAXES LEVIED TAXES LEVIED THE NUMBERS BEHIND COMMUNITY SCHOOLS TOTAL EMPLOYEES GRADUATES 92.24% Graduation OUR STUDENTSŶƌŽůůŵĞŶƚďǇďƵŝůĚŝŶŐŽǀĞƌƟŵĞ͘ SCHOOL 2021 2020 2019 2018 2017 Aurora Heights Elementary 236 272 271 301 257 Emerson Hough Elementary 233 240 253 257 256 dŚŽŵĂƐ:ĞīĞƌƐŽŶůĞŵĞŶƚĂƌǇ 325 339 336 395 375 Woodrow Wilson Elementary 268 290 284 268 290 Berg Middle School 877 902 925 915 886 Newton Senior High School 848 845 838 852 805 WEST Academy 69 63 85 73 68 Total 2,856 2,951 2,992 3,061 2,937 2,856PRE K - 12 ENROLLMENT SCHOOLS 4 Elementary 1 Middle 2 High 3URÀFLHQF\0DWK3URÀFLHQF\5HDGLQJ 21.4 Average ACT EDUCATION 1HZWRQ&RPPXQLW\6FKRRO'LVWULFWRIIHUV SUH.²VFKRROVWKDWDUHIXOORI DFDGHPLFDWKOHWLFDQGDUWLVWLF RSSRUWXQLWLHV2XUPLVVLRQ7KH1HZWRQ &RPPXQLW\6FKRRO'LVWULFWHPSRZHUV HYHU\OHDUQHUWRDFKLHYHDOLIHWLPHRI SHUVRQDOVXFFHVV$VDGLVWULFWZHDUH DFROODERUDWLYHDQGFRKHVLYHWHDPWKDW LQVSLUHVDQGVXSSRUWVDOOOHDUQHUVLQD FXOWXUHRIVDIHW\DQGDFFHSWDQFH 'LIIHUHQWVWXGHQWVKDYHGLIIHUHQWQHHGV DQGWKHLUVFKRROH[SHULHQFHUHÁHFWVWKDW LQGLYLGXDOLW\2XUHQWLUHFRPPXQLW\IHHOV WKH5HG3ULGHZHKDYHIRURXUVFKRROV DFDGHPLFDWKOHWLFDQGH[WUDFXUULFXODU WHDPV 1HZWRQDOVRKDVSRVWVHFRQGDU\ RSSRUWXQLWLHV'HV0RLQHV$UHD &RPPXQLW\&ROOHJH1HZWRQ&DPSXVLV DSODFHIRUVWXGHQWVRIDOODJHVWREHJLQ FROOHJHHQKDQFHWKHLUVNLOOVIRUFDUHHU DGYDQFHPHQWRUSUHSDUHIRUDQHZFDUHHU '0$&&DFKLHYHVDFDGHPLFH[FHOOHQFH WKURXJKDIIRUGDEOHWXLWLRQKHOSIXOVWDII DQGVPDOOFODVVVL]HV%XHQD9LVWD 8QLYHUVLW\RIIHUVFODVVHVDWWKH'0$&& 1HZWRQFDPSXVDQGRQOLQHDOORZLQJ VWXGHQWVWRFRPSOHWHDEDFKHORU·V GHJUHHLQDYDULHW\RIPDMRUV1HZWRQ 6HQLRU+LJK6FKRROVWXGHQWVKDYHWKH RSSRUWXQLW\WRUHDG\WKHPVHOYHVIRU FROOHJHHYHQIXUWKHUDVZHRIIHU FROOHJLDWHOHYHOFUHGLWFRXUVHV 477 202 9 OUR HISTORY 7KH1HZWRQ+LJK6FKRRO$OXPQL$VVRFLDWLRQZDVHVWDEOLVKHGLQZKHQWKHYHU\ÀUVW1+6 $OXPQL5HXQLRQZDVKHOG'LG\RXNQRZWKDW(PHUVRQ+RXJKZDVRXUÀUVWSUHVLGHQW" ALUMNI NEWS $OXPQL1HZVLVSXEOLVKHGWZLFHSHU\HDUDQGEULQJV\HDUVWRJHWKHUXQGHURQHQHZVOHWWHUZLWK DOXPQLKDSSHQLQJVIURPWKURXJKRXWWKHFRXQWU\5HPDLQDSDUWRI´&DUGLQDO&RXQWU\µ\HDU URXQG,QIRUPDWLRQRQKRZWRMRLQWKH1+6$OXPQL$VVRFLDWLRQDQGUHFHLYHRXUVHPLDQQXDO QHZVOHWWHULVIRXQGRQRXUZHEVLWHQHZWRQDOXPQLRUJ ALUMNI REUNION WEEKEND! 2XUDQQXDO$OXPQL5HXQLRQ:HHNHQG²$OO&ODVV5HXQLRQLVKHOGRQWKHVHFRQG)ULGD\HDFK-XQH DWYDULRXVORFDWLRQVLQ1HZWRQ,RZD,QGLYLGXDO&ODVV5HXQLRQVFHOHEUDWHHYHU\ÀYH\HDUVRQ 6DWXUGD\DQGZHKDYHDGGHGRXUDQQXDO-DFN&KDGZLFN´%HVW6KRWµ*ROI7RXUQDPHQWRQ 6DWXUGD\DIWHUQRRQ3URFHHGVFROOHFWHGDWRXU5HXQLRQ:HHNHQGJRWRZDUGWZRVFKRODUVKLSV DQGYDULRXVIXQGUDLVLQJSURMHFWVDW1HZWRQ+LJK6FKRRO,QWKHSDVWFRXSOH\HDUVZHKDYH FROOHFWHGIRUEHQFKHVDQGWKH1HZWRQ&URVV&RXQWU\&RXUVH HALL OF FAME 7KH3ULPDU\SXUSRVHRIWKH1+6+DOORI)DPHLVWRUHFRJQL]HLQGLYLGXDOVRURUJDQL]DWLRQVWKDW PDGHVLJQLÀFDQWFRQWULEXWLRQVWR1+6DQGFRQWLQXHGPDNLQJFRQWULEXWLRQVWRWKHLUFRPPXQLW\ ORFDOVWDWHQDWLRQDORULQWHUQDWLRQDO7KHUHFRJQLWLRQRIWKHVHLQGLYLGXDOVLVLQWHQGHGWR KLJKOLJKWDQGHQFRXUDJHDWUDGLWLRQRIH[FHOOHQFHFRPPLWPHQWDPGSHUVRQDOGHGLFDWLRQDW Newton High School. WEBSITE: newtonalumni.org FIND US ON FACEBOOK: @NewtonIowaAlumniNews OUR MISSION The Newton Community Educational Foundation exists to fund innovative educational programs in our schools. We believe these extra programs inspire, motivate and challenge our children to excellence in the classroom and beyond. It is our purpose to provide these enriched learning experiences for every child in the Newton Community Schools. BOARD OF DIRECTORS Jordan Bell, President Ray Whipple, Vice-President Graham Sullivan, Treasurer Christine Dawson, Secretary BOARD OF TRUSTEES Mark Allen Amy Doerring Mark Hallam Abby Lamont Tom Messinger Robbie Robinson ADMINISTRATIVE DIRECTOR Desiree Cameron CONTACT US 3KRQH'LVWULFW2IÀFH2SWLRQ Mail: NCEF PO Box 1062 Newton, Iowa 50208 Email: newton.ncef@gmail.com Website: newton-ncef.org Find Us on Facebook: @NewtonNCEF 11 NCEF- WHAT WE DO! CLASSROOM GRANTS FOR TEACHERS Over $1 Million+ awarded since our founding in 1989. To apply for a Newton Community Educational Foundation (Mini or Major) Grant, applicants must be a faculty member of the Newton Community School District. Grant applications are accepted year round, and reviewed by the NCEF Board with funding decisions and awards announced in June and November. SCHOLARSHIP AWARDS FOR STUDENTS Because of the generosity of many donors, the Newton Community Educational Foundation is able to annually award scholarships to several deserving Newton High School graduating seniors. Our scholarships include: • Amy Doerring Above & Beyond Scholarship • Princess Scholarship • Bruce Hoffmeier Scholarship • Michael White Scholarship • Trenton Brady Memorial Scholarship • Betty Ponder Debban Endowed Designated Fund Music Scholarship • LaVona Severin Thorsen Scholarship TEACHER EXCELLENCE IN EDUCATION AWARDS Each year, the Newton Community Educational Foundation accepts nominations and awards teachers with Excellence in Education awards. We celebrate our teachers by visiting their classroom and announcing the award along with the Cardinal Mascot, Big Red! Award recipients receive $250.00 for their classrooms and a Star Polisher Award. WATER BOTTLES FOR STUDENTS The Newton Community Educational Foundation generously donated enough Cardinal Red water bottles for students for the 2020 – 2021 and 2021 – 2022 school years. Kids love that they can personalize the bottles with their names! DISTRICT OFFICE 1302 First Avenue West Newton, Iowa 50208 641-792-5809 www.newtoncsd.org FACEBOOK @NewtonCSD TWITTER @SchoolsNewton