Combining Statements of Internal Service Funds

Internal Service Funds are used to account for the financing of goods and services provided by one department to another department within the District, on a cost reimbursement basis. This practice provides a separate and complete accounting for all resources accumulated and used in rendering the services and activities listed below.

Employee Benefits Program – To account for the financing of services provided by the District’s Employee Benefits Program.

Property, Casualty, and Liability Self-Insurance Plan – To account for the financing and payment of claims for the District’s self-insured liability and workers’ compensation program and fully insured property/casualty program.

Self-Insured Benefit Plans – To account for the financing and payment of claims for the District’s self- insured medical, behavioral health and prescription plans.

Energy Management Program – To account for the financing of the District’s Energy Management Program.

Exclusive Agreement – To account for the receipt and use of funds received from the District’s exclusive agreement with National Beverages, Inc.

District School Board of Pasco County Combining Statement of Fund Net Position Internal Service Funds

June 30, 2021

	Employee	Property, Casualty,		Self-Insured
	Benefits	Liability and Workers'		Benefit
	Program	Compensation Plans		Plans
Assets
Current Assets:
Cash	$ 911,551	$ 3,291,453		$ 5,425,805
Investments	741,602	31,078,918		26,641,712
Accounts Receivable	-	82,193		946,570
Total Current Assets	1,653,153	34,452,564		33,014,087
Noncurrent Assets:
Capital Assets:
Furniture, Fixtures and Equipment	-	-		-
Accumulated Depreciation	-	-		-
Total Noncurrent Assets	-	-		-
Total Assets	1,653,153	34,452,564		33,014,087
Deferred Outflows of Resources:
Pension	492,195		274,253		-
Other Postemployment Benefits	16,661		8,965		-
Total Deferred Outflows of Resources	508,856		283,218		-
Total Assets and Deferred Outflows	$ 2,162,009		$ 34,735,782		$ 33,014,087
Liabilities Current Liabilities:
Salaries and Benefits Payable	$ -		$ -		$ 673
Payroll Deductions and Withholdings Payable	-		-		270,106
Due to Other Funds	12,066		-		-
Estimated Unpaid Claims	-		-		4,069,901
Accounts Payable	2,285		424,332		10,221,881
Advanced Revenue	-		-		240,800
Current portion of long-term liabilities:
Compensated Absences Payable	25,979		33,259		-
Estimated Insurance Claims Payable	-		2,574,850		-
Total Current Liabilities	40,330		3,032,441		14,803,361
Noncurrent Liabilities: Compensated Absences Payable	144,179	97,322		-
Estimated Insurance Claims Payable	-	4,360,150		-
Other Post-Employment Benefits Obligation	206,416	127,884		-
Net Pension Liability - FRS / HIS	623,746	542,368		-
Total Noncurrent Liabilities	974,341	5,127,724		-
Total Liabilities	1,014,671	8,160,165		14,803,361
Deferred Inflows of Resources:
Pension	1,078,403	103,351		-
Other Post Employment Benefits	28,811	18,103		-
Total Deferred Inflows of Resources	1,107,214	121,454		-
Net Position
Investment in Capital Assets	-	-		-
Unrestricted	40,124	26,454,163		18,210,726
Total Net Position	40,124	26,454,163		18,210,726
Total Liabilities, Deferred Inflows and Net Position	$ 2,162,009	$ 34,735,782		$ 33,014,087

Energy

Management Exclusive

Programs Agreement Totals

$ 2,228,478 $	191,144	$ 12,048,431
764,299	1,485,503	60,712,034
- -		1,028,763
2,992,777 1,676,647		73,789,228

-	6,116		6,116
- (5,504)			(5,504)
- 612			612
2,992,777 1,677,259			73,789,840
102,115 -			868,563
3,657 -			29,283
105,772		-		897,846
$ 3,098,549		$ 1,677,259		$ 74,687,686
$ -		$ -		$ 673
-		-		270,106
-		-		12,066
-		-		4,069,901
1,174,116		8,692		11,831,306
-		-		240,800
3,632		-		62,870
-		-		2,574,850
1,177,748		8,692		19,062,572
34,531		-		276,032
-		-		4,360,150
60,231		-		394,531
252,710		-		1,418,824
347,472		-		6,449,537
1,525,220		8,692		25,512,109
66,994		-		1,248,748
5,584 -			52,498
72,578 -			1,301,246
-	612		612
1,500,751 1,667,955			47,873,719
1,500,751 1,668,567			47,874,331
$ 3,098,549 $ 1,677,259			$ 74,687,686

District School Board of Pasco County

Combining Statement of Revenues, Expenses and Changes in Fund Net Position Internal Service Funds

For the Fiscal Year Ended June 30, 2021

	Employee	Property, Casualty,	Self-Insured
	Benefits	Liability and Workers'	Benefit
	Program	Compensation Plans	Plans
Operating Revenues
Insurance Premiums:
Board Contributions	$ -	$ 8,766,770	$ 69,481,235
Employees	-	-	10,955,874
Retirees	-	-	2,394,946
Charges for Services Provided	-	-	-
Other Operating Revenues	-	513,899	4,272,791
Total Operating Revenues	-	9,280,669	87,104,846
Operating Expense
Salaries	565,029	463,064	-
Employee Benefits	247,425	233,812	118,975
Purchased Services	66,020	1,681,217	14,998,703
Insurance Premiums	-	4,164,009	2,474,066
Energy Services	-	-	-
Materials and Supplies	2,317	1,375	231,147
Insurance Claims	-	4,408,833	73,661,964
Capital Outlay	120	-	153
Other	438	51,386	29,172
Total Operating Expenses	881,349	11,003,696	91,514,180
Operating Income (Loss)	(881,349)	(1,723,027)	(4,409,334)
Nonoperating Revenues (Expenses)
Investment Earnings	387	23,727	22,195
Gifts, Grants and Bequests	-	-	100,000
Other Miscellaneous Revenue	-	226	601
Insurance Loss Recoveries	-	121,519	-
Total Nonoperating Revenues	387	145,472	122,796
Income (Loss) Before Transfers	(880,962)	(1,577,555)	(4,286,538)
Transfers In	1,304,804	-	3,073,978
Transfers Out	-	(403,400)	(1,304,804)
Change in Net Position	423,842	(1,980,955)	(2,517,364)
Total Net Position, July 1, 2020	(383,718) 28,435,118 16,528,090
Adjustment to Net Position	- - 4,200,000
Total Net Position, June 30, 2021	$ 40,124 $ 26,454,163 $ 18,210,726

Energy

Management Exclusive

Program Agreement Totals

$ -	$ -		$ 78,248,005
-	-		10,955,874
-	-		2,394,946
14,240,000	-		14,240,000
12,061	293,802		5,092,553
14,252,061	293,802		110,931,378
143,539	-		1,171,632
61,168	-		661,380
3,134,236	39,442		19,919,618
-	-		6,638,075
10,686,384	-		10,686,384
5,153	119,020		359,012
-	-		78,070,797
-	17,037		17,310
-	-		80,996
14,030,480	175,499		117,605,204
221,581	118,303		(6,673,826)
455	775		47,539
-	500		100,500
-	-		827
-	-		121,519
455	1,275		270,385
222,036	119,578		(6,403,441)
-	-		4,378,782
-	-		(1,708,204)
222,036	119,578		(3,732,863)
1,278,715 1,548,989		47,407,194
- -		4,200,000
$ 1,500,751 $ 1,668,567		$ 47,874,331

District School Board of Pasco County Combining Statement of Cash Flows Internal Service Funds

For the Fiscal Year Ended June 30, 2021

	Employee	Property, Casualty		Self-Insured
	Benefits	and Liability		Benefit
	Program	Self-Insurance Plan		Plans
Cash Flows from Operating Activities:
Cash Received from Services	$ -	$ -		$ -
Cash Received from Premiums	(319,957)	8,586,061		82,674,917
Cash Received from Other Operating Revenues	-	513,899		4,272,791
Cash Payments to Suppliers for Goods and Services	(69,635)	(5,630,947)		(11,996,139)
Cash Payments to Employees for Services	(718,842)	(628,072)		46,945
Cash Payments to Insurance Claims	-	(4,267,833)		(78,801,964)
Net Cash Provided (Used) by Operating Activities	(1,108,434)	(1,426,892)		(3,803,450)
Cash Flows from Noncapital Financing Activities:
Insurance Loss Recoveries	-	121,519		-
Gifts, Grants and Bequests	-	-		100,000
Other Miscellaneous Revenue	-	226		601
Transfers From Other Funds	1,304,804	-		3,073,978
Transfers To Other Funds	-	(403,400)		(1,304,804)
Net Cash Provided (Used) by Noncapital Financing
Activities	1,304,804		(281,655)		1,869,775
Cash Flows from Investing Activities:
Investment Earnings	387		23,727		22,195
Purchase and Sale of Investments	(388)		4,976,273		4,977,805
Net Cash Provided (Used) by Investing Activities	(1)		5,000,000		5,000,000
Net Change in Cash	196,369		3,291,453		3,066,325
Cash, Beginning	715,182		-		2,359,480
Cash, Ending	$ 911,551		$ 3,291,453		$ 5,425,805
Reconciliation of Operating Income (Loss) to Net Cash
Provided (Used) by Operating Activities:
Operating Income (Loss)	$ (881,349)	$ (1,723,027)		$ (4,409,334)
Adjustments to Reconcile Operating Income (Loss) to
Net Cash Provided (Used) by Operating Activities Change in Assets and Liabilities: Accounts Receivable	-		(3,491)		(169,790)
Estimated Unpaid Claims - Self-Insurance Program	-		141,000		(1,070,099)
Accounts Payable	(740)		267,040		1,667,201
Salaries and Benefits Payable	-		-		673
Payroll Deductions and Withholdings Payable	(4,858)		-		165,247
Advanced Revenues	-		-		12,652
Due To Other Funds	(319,957)		(177,218)		-
Compensated Absences Payable	30,838		8,329		-
Other Post-Employment Benefits Obligation	3,485		2,024		-
Pension Amounts	64,147		58,451		-
Total Adjustments	(227,085)		296,135		605,884
Net Cash Provided (Used) by Operating Activities	$ (1,108,434)		$ (1,426,892)		$ (3,803,450)

Energy Management Program	Exclusive Agreement	Totals
$ 14,240,000	$ -	$ 14,240,000
-	-	90,941,021
12,061	293,802	5,092,553
(13,714,258)	(238,900)	(31,649,879)
(178,016)	-	(1,477,985)
-	-	(83,069,797)
359,787	54,902	(5,924,087)
-	-	121,519
-	500	100,500
-		827
-	-	4,378,782
-	-	(1,708,204)
-	500	2,893,424
455	775	47,539
29,544	(776)	9,982,458
29,999	(1)	10,029,997
389,786	55,401	6,999,334
1,838,692	135,743	5,049,097
$ 2,228,478	$ 191,144	$ 12,048,431

$ 221,581 $

118,303 $

(6,673,826)

-	-	(173,281)
-	-	(929,099)
111,515	(63,401)	1,981,615
-	-	673
(1,333)	-	159,056
-	-	12,652
-	-	(497,175)
11,405	-	50,572
520	-	6,029
16,099	-	138,697
138,206	(63,401)	749,739
$ 359,787	$ 54,902	$ (5,924,087)

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