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AUDITED FINANCIAL STATEMENTS

ALOMA D. JOHNSON CHARTER SCHOOL

JUNE 30, 2018


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

laurie.faggianoStamp


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


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



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



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



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



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



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



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



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


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


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


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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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


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

Documents

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