2015-11-09T15:49:46-06:00 2015-06-30 522212837 GREENE FINNEY & HORTON LLP 800 E WASHINGTON ST STE D GREENVILLE SC 296013054 990 2014-07-01 134302352 THE ACADEMY FOR TEACHING & LEARNING OF THE CHESTER COUNTY SCHOOL DISTR ACAD 8033856334 109 HINTON STREET CHESTER SC 29706 ROBYN BRAKEFIELD EXECUTIVE DIRECTOR 8033856334 2015-10-28 FRANCIS H HORTON III CPA P00115827 8642325204 2015-11-09 2014 2016-04-25 22:37:26Z ROBYN BRAKEFIELD 109 HINTON STREET CHESTER SC 29706 2745908 false X CHESTER.ACADEMY.SCHOOLDESK.NET X 2005 SC THE ACADEMY FOR TEACHING AND LEARNING BEGAN OPERATING IN JULY 2006 AS A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 300 STUDENTS IN GRADES KINDERGARTEN THROUGH 8TH. 9 9 30 0 2638838 2613231 98858 131341 1340 1336 0 2739036 2745908 0 0 1725352 1951685 0 0 809735 676764 2535087 2628449 203949 117459 3405935 3465438 2116881 4316775 1289054 -851337 THE ACADEMY FOR TEACHING AND LEARNING BEGAN OPERATING IN JULY 2006 AS A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 300 STUDENTS IN GRADES KINDERGARTEN THROUGH 8TH. false false 1775965 OPERATING AS A CHARTER SCHOOL TO GIVE THE COMMUNITY CHOICE WITHIN THE PUBLIC SCHOOL SYSTEM AND TO PROMOTE SHARED LEADERSHIP COUPLED WITH ACCOUNTABILITY FOR STUDENT ACHIEVEMENT. 1775965 true false false false false false false false false false true false false true true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 30 false false false false false false false X 9 9 false false false false false false false true true false false true true false false false false false false false SC X ROBYN BRAKEFIELD 8033856334 109 HINTON STREET CHESTER SC 29706 ROBYN BRAKEFIELD CALDWELL DIRECTOR 40.00 X X 91801 0 0 AMBER REYNOLDS BOARD 1.00 X 0 0 0 AMY LAWS BOARD 1.00 X 0 0 0 HOLLY HATCHELL BOARD 1.00 X 0 0 0 AMY WYATT BOARD 1.00 X 0 0 0 TONYA WILKS BOARD CHAIR 1.00 X 0 0 0 HALL ATKINSON CHAIRMAN 1.00 X 0 0 0 HEATHER MCCUTCHEON BOARD 1.00 X 0 0 0 LAUDI ADKINSON BOARD 1.00 X 0 0 0 JOY YARBOROUGH BOARD 1.00 X 0 0 0 91801 false false false 2613231 2613231 STUDENT FEES 92973 92973 OTHER LOCAL SOURCE 38368 38368 131341 1336 1336 2745908 132677 91801 91801 1342574 1058986 283588 228476 184183 44293 184864 144199 40665 103970 83544 20426 10450 10450 52867 52867 21720 21720 95037 95037 136159 136159 22765 22765 PUPIL ACTIVITY 98763 98763 SUPPLIES 56171 50802 5369 CLEANING 43620 43620 ENERGY 34647 34647 104565 26291 78274 2628449 1775965 852484 0 573023 568047 201 3181304 484551 2832912 2696753 200437 3405935 3465438 1863583 1792418 253298 2524357 2116881 4316775 X 1289054 -851337 1289054 -851337 3405935 3465438 X 117459 -2235204 -22646 X false true X true X 35000 35000 3146304 484551 2661753 2696753 DEFERRED PENSION CHARGES 200437 200437 NET PENSION LIABILITY 2267150 DEFERRED PENSION CREDITS 191137 DUE TO CHESTER COUNTY SCHOOL DIST 65567 PAF DUE TO CCSD 503 2524357 2745908 2745908 2745908 2651095 22646 22646 2628449 2628449 SCHEDULE D, PAGE 4, PART XII, LINE 2D CHANGE IN NET PENSION LIABILITY 22,646 true true true true true true true false false false false false false false false false false true FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE RETURN IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNMENT DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN NET PENSION LIABILITY -22,646 FORM 990, PART XI, LINE 9 THE ACADEMY IMPLEMENTED GASB STATEMENT NO. 68 ACCOUNTING AND FINANCIAL REPORTING FOR PENSIONS - AN AMENDMENT OF GASB STATEMENT NO. 27 ("GASB 68") AND GASB STATEMENT NO. 71, PENSION TRANSITION FOR CONTRIBUTIONS MADE SUBSEQUENT TO THE MEASUREMENT DATE - AN AMENDMENT OF GASB STATEMENT NO. 68 ("GASB 71" AND COLLECTIVELY "STATEMENTS") IN 2015. THE PRIMARY OBJECTIVE OF THESE STATEMENTS IS TO IMPROVE ACCOUNTING AND FINANCIAL REPORTING BY STATE AND LOCAL GOVERNMENTS FOR PENSIONS. IN ADDITION, STATE AND LOCAL GOVERNMENTS WHO PARTICIPATE IN A COST-SHARING MULTIPLE EMPLOYER PLAN ARE NOW REQUIRED TO RECOGNIZE A LIABILITY FOR ITS PROPORTIONATE SHARE OF THE NET PENSION LIABILITY OF THAT PLAN. IT IS GASB'S INTENTION THAT THESE STATEMENTS WILL PROVIDE CITIZENS AND OTHER USERS OF THE FINANCIAL STATEMENTS WITH A CLEARER PICTURE OF THE SIZE AND NATURE OF THE ACADEMY'S FINANCIAL OBLIGATIONS TO CURRENT AND FORMER EMPLOYEES FOR PAST SERVICES RENDERED. IN PARTICULAR, THESE STATEMENTS REQUIRE THE ACADEMY TO RECOGNIZE A NET PENSION LIABILITY, DEFERRED OUTFLOWS OF RESOURCES, AND DEFERRED INFLOWS OF RESOURCES FOR ITS PARTICIPATION IN THE SOUTH CAROLINA RETIREMENT SYSTEM ("PLAN"), A COST-SHARING MULTIPLE-EMPLOYER DEFINED BENEFIT PENSION PLAN, ON FINANCIAL STATEMENTS PREPARED ON THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND ACCRUAL BASIS OF ACCOUNTING (I.E., THE STATEMENT OF NET POSITION) AND PRESENT MORE EXTENSIVE NOTE DISCLOSURES. THE ADOPTION OF THESE STATEMENTS HAD NO IMPACT ON THE ACADEMY'S GOVERNMENTAL FUND FINANCIAL STATEMENTS, WHICH CONTINUE TO REPORT EXPENDITURES IN THE AMOUNT OF THE CONTRACTUALLY REQUIRED CONTRIBUTIONS, AS REQUIRED BY THE SOUTH CAROLINA PUBLIC EMPLOYEE BENEFIT AUTHORITY ("PEBA") WHO ADMINISTERS THE PLAN. HOWEVER, THE ADOPTION HAS RESULTED IN THE RESTATEMENT OF THE ACADEMY'S NET POSITION AS OF JULY 1, 2014 FOR ITS GOVERNMENT-WIDE FINANCIAL STATEMENTS TO REFLECT THE REPORTING OF NET PENSION LIABILITIES AND DEFERRED OUTFLOWS OF RESOURCES FOR THE PLAN IN ACCORDANCE WITH THE PROVISIONS OF THESE STATEMENTS. NET POSITION OF THE ACADEMY'S GOVERNMENT-WIDE WIDE FINANCIAL STATEMENTS AS OF JULY 1, 2014 WAS DECREASED BY APPROXIMATELY 2,235,000, REFLECTING THE CUMULATIVE CHANGE IN ACCOUNTING PRINCIPLE RELATED TO THE ADOPTION OF THESE STATEMENTS . SEE NOTE IV.A FOR MORE INFORMATION REGARDING THE ACADEMY'S RETIREMENT PLAN.