FLORIDA HIGH SCHOOL FOR ACCELERATED LEARNING - DUVAL COUNTY CAMPUS, INC. d/b/a Murray Hill High School (A component unit of the District School Board of Duval County, Florida) FINANCIAL STATEMENTS (Audited) For the year ended June 30,2014

FLORIDA HIGH SCHOOL FOR ACCELERATED LEARNINGDUVAL COUNTY CAMPUS, INC. d/b/a Murray Hill High School TABLE OF CONTENTS

Independent Auditors' Report

1-2

Management's Discussion and Analysis

3-6

Financial Statements: Statement of Net Position

7

Statement of Activities

8

Balance Sheet- Governmental Funds

9

Statement of Revenues, Expenditures, and Change in Fund Balances - Governmental Funds Notes to Financial Statements

10 11-21

Required Supplementary Information: Schedule of Revenues, Expenditures and Change in Fund Balances - Budget and Actual - General Fund

22

Other Reports: Independent Auditors' 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 Management Letter

23-24

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To the Board of Directors of Florida High School for Accelerated Learning-Duval County Campus, Inc. d/ b/a Murray Hill High School

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We have audited the financial statements of Florida High School for Accelerated Learning-Duval County Campus, Inc. d/b/a Murray Hill High School as of and for the year ended June 30, 2014 and have issued our report thereon dated September 26, 2014. We conducted our audit in accordance with U.S. generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. We have issued our Independent Auditors' Report on Internal Contro l over Financial Reporting and on Compliance and Other Matters. Disclosures in that report, which is dated September 26, 2014, should be considered in conjunction with this management letter. Additionally, our audit was conducted in accordance with Chapter 10.850, Rules of the Auditor General. The Rules of the Auditor General (Section 10.854(1 )(e)) require disclosure in the management Jetter of the following matters if not already addressed in the auditors' report on compliance and internal controls: I) Any recommendations to improve financial management. 2) Violation of provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material which warrant the attention of those charged with governance. 3) For matters that do not warrant the attention of those charged with governance, the following may be reported based on professional judgment: a) Violations of provisions of contracts or grant agreements, fraud or abuse, b) Deficiencies in internal control that are not material weaknesses or significant deficiencies. There were no matters that came to the attention of the auditor, that, in our judgment, are required to be reported. Based on our audit procedures performed, the School did not meet any of the conditions described in Florida Statutes Section 218.503(1). The auditors applied financial condition assessment procedures. It is management's responsibility to monitor the School's financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. We determined the School maintained on its website the information specified in Section 1002.33(9)(p ), Florida Statutes. There were no findings in the prior audit report. Thus, no corrective action is necessary. This management letter is intended solely for the information of Florida High School for Accelerated Learning-Duval County Campus, Inc. d/b/a Murray Hill High School, its management, others within the entity, the Duval County School Board, and the State of Florida Office of the Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. Orlando, FL September 26, 2014 - 25-