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GASB Statement No. 34
Cliff Notes
Laurie L. Piccirillo, Business Manager
Brockway Area School District
Dr. David M. Piper, Assistant to
Superintendent
Altoona Area School District
Key Improvements Resulting from the New
Governmental Financial Reporting Model
Improvements Designed to Enhance Operational Accountability
Previous Model
New Model
All reporting based on funds and fund types
Introduction of government-wide financial
statements
Information on governmental activities limited to
near-term inflows and outflows of spendable
resources
Government-wide financial statements
provide additional long-term focus for
governmental activities
Cost data available only for business-type
activities
Cost data provided for both governmental
and business-type activities
No narrative required
Narrative overview and analysis required in
the form of Management’s Discussion and
Analysis
Improvements Designed to Enhance Fiscal Accountability
Previous Model
Information in basic financial statements
aggregated by fund type
New Model
Information in basic financial state-ments
presented separately for major individual
governmental and enterprise funds
Budgetary comparisons associated with the
basic financial statements aggregated by fund
type
Budgetary comparisons associated with
the basic financial statements presented
for the general fund and individual major
special revenue funds
Budgetary comparisons report only final
amended budget
Budgetary comparisons report both original
and final amended budget
Financial Statement Format
Management’s Discussion and Analysis
Government-Wide Financial
Statements
Fund Financial Statements
Notes to the Financial Statements
Required Supplementary Information
(Other than MD&A)
Effective Dates
• Periods beginning after
– June 15, 2001 for governments with revenues of
$100 million or more (Phase 1)
– June 15, 2002 for governments with revenues of
$10 million or more but less than $100 million
(Phase II)
– June 15, 2003 for governments with revenues of
less than $10 million (Phase III)
– Early application is encouraged
Basic Financial Statements
Government Wide
a. Statements of Net Assets
b. Statements of Activities
Fund Financial Statements
Governmental Funds
a. Balance Sheet
b. Statement of revenues, expenditures and
changes in fund balance
Proprietary Funds
a. Statement of net assets or balance sheet
b. Statement of revenues, expenses and
changes in fund net assets or fund equity
c. Statement of cash flows
Fiduciary Funds
a. Statement of fiduciary net assets
b. Statement of changes in fiduciary net
assets
Fund Statements:
– Governmental (emphasizing major funds)
•
•
•
•
•
General fund
Special revenue funds
Capital projects funds
Debt service funds
Permanent funds (legally restricted – earnings
only benefit government or its citizenry)
– Proprietary funds
• Enterprise funds (emphasizing major funds)
• Internal service funds
Fund Statements:
– Fiduciary funds
• Pension trust funds
• Investment trust funds
• Private purpose trust funds which are trust
arrangements under which principal or interest
benefit specific individuals, private
organizations and other governments
• Agency funds that are limited to net assets held
for a specific other person or entities
Fund Statements
– Fund statements presentation
• Major funds
• Non-major funds presented in a single column
by category
• Concept of major and non-major funds does
not apply to fiduciary funds and internal service
funds
– Major funds criteria
• General fund always major
• Individual fund is major if:
– At least 10 percent of assets, liabilities, revenues or
expenditures / expenses (excluding extraordinary
items) of the relevant fund category of fund type
Fund Statements
– Major funds criteria (cont’d)
• Individual fund is major if:
– At least 5 percent of total governmental and
proprietary funds combined
• Other funds that are important
• PDE considerations
Major Fund Determination Worksheet
5% and 10% Criteria Test
Fund
10
21
22
27
29
28
30
40
90
51
52
XX
Assets
Liabilities Revenues Expenditures
General
Capital Reserve Fund #21
Capital Reserve Fund #22
Public Purpose Expendable Trust Fund
Athletic
Other Comptroller Approved Special Revenue Fund
Capital Projects
Debt Service
Permanent Fund
Governmental Funds Total
10% of Governmental Funds Total
Enterprise Funds
Food Service
Child Care Operations
Enterprise Fund #3
Other Enterprise Fund
Enterprise Funds Total
10% of Enterprise Funds
25,500,000
2,000,000
1,256,750
950,000
95,000
1,121,007
112,101
Sum of Governmental and Enterprise Funds
30,974,036 15,876,900 40,890,322
94,107,976
5% of Sum of Governmental and Enterprise Funds
8,928,844 35,000,000
1,500,000
102,349
500,000 2,500,000
1,500,000
800,000
58,447,583
2,000,000
3,650,000
10,000,000
450,000
12,000
787,973
750,000
18,839,386
50,000
29,218,750 15,453,844 39,940,322
2,921,875 1,545,384 3,994,032
92,986,969
9,298,697
155,286
3,000,000
25,000
423,056
950,000
1,548,702
423,056
42,306
793,845
2,044,516
Liabilities Revenues Expenditures
Major Fund?
NO
NO
NO
NO
NO
NO
NO
NO
NO
NO
NO
NO
NO
YES
NO
NO
NO
NO
NO
NO
NO
NO
NO
NO
NO
NO
NO
YES
NO
YES
NO
NO
Always
Non-Major
Non-Major
Non-Major
Major
Non-Major
Major
Non-Major
Non-Major
NO
YES
NO
NO
NO
NO
NO
NO
NO
NO
NO
NO
Always
Non-Major
Major
Non-Major
1,121,007
1,600,000
1,755,286
175,529
Assets
4,705,399
Note 1: To meet the qualification for "Major Fund" status under GASB Statement #34, any given fund element must exceed both the 5% and 10%
percent thresholds. The General Fund and Food Service Funds will, in every case, be considered major funds.
Note 2: A minimum number of funds should be maintained. Separate physical accounts do not require separate funds. It is required that all capital projects
be folded into one fund and all debt service funds be folded into one fund for Commonwealth financial reporting purposes.
Note 3: Current year data must be used to make this determination.
Note 4: Do not include Revenues form Other Financing Sources (9000) or Other Expenditures and Financing Uses (5100) as part of the calculation for Major Fund determination.
Fund Statements
– Governmental fund statements
• Balance sheet
• Statement of revenues, expenditures and
changes in fund balances
– Reconciliation required for both statements
– Current financial resources
– Modified accrual basis
Balance Sheet
Governmental Funds
June 30, 20XX
General Fund
ASSETS
0100
0110
0120
0130
0141
0146
0147
0150
0160
0170
0180
0190
Cash & Cash Equivalents
Investments
Taxes Receivable (Net)
Due From Other Funds
Due From Other Governments (Include
Accounts 0141 - 0145)
Due From Primary Government
Due From Component Units
Other Receivables (Include Bond
Proceeds Receivable)
Advances to Other Funds (Long-Term Loans)
Inventories
Prepaid Expenses/Expenditures
Other Current Assets
XXXX TOTAL ASSETS
LIABILITIES AND FUND BALANCES
LIABILITIES
0400
0411
0412
0413
0420
0430
0440
0450
0461
0462
0470
0480
0490
Due to Other Funds
Due to Other Governments
Due to Primary Government
Due to Component Units
Accounts Payable
Contracts Payable
Current Portion of Long-Term
Debt (e.g. St. Comp Abs.)
Short-Term Payables
Accrued Salaries and Benefits
Payroll Deductions and Withholdings
Advances from Other Funds
Deferred Revenues
Other Current Liabilities
XXXX TOTAL LIABILITIES
FUND BALANCES
0751
0752
0753
0754
0755
0795
0760
0771
0772
Standard Fund Balance Reserves
Reserve for Inventories
Reserve for Prepaid Expenses
Reserve for Encumbrances
Reserve for Retirement of Long-Term Debt
Reserve for Capital Projects
Reserve for Other (explain)
Specific Fund Balance Reserves
Unreserved-Designated
Unreserved-Undesignated
Special Revenue Fund
Capital Projects Fund
Debt Service Fund
Permanent Fund
XXXX TOTAL FUND BALANCES
XXXX TOTAL LIABILITIES AND FUND BALANCES
Major Fund
Major Fund
Major Fund
Other Funds
Total Gov. Funds
Reconciliation of the Governmental Funds Balance
Sheet to Statement of Net Assets
Reconciliation of the Governmental Funds Balance Sheet
To the Statement of Net Assets
June 30, 20 _ _
Total Fund Balances - Governmental Funds
$
XXX,XXX
Amounts reported for governmental activities in the statement of
net assets are different because:
Capital Assets used in governmental activites are not financial resources
and therefore are not reported as assets in governmental funds. The cost
of assets is $XX,XXX , and the accumulated depreciation is $X,XXX.
XX,XXX
Property taxes receivable will be collected this year, but are not
available soon enough to pay for the current period's expenditures,
and therefore are deferred in the funds.
X,XXX
Long-term liabilities, including bonds apayble, are not due and payable
in the current period, and therefore are not reported as liabilities in
the funds. Long-term liabilities at year end consist of:
Bonds payable $ XXX,XXX
Accrued interest on the bonds $ XX,XXX
Capital leases payable $ XX,XXX
Contracts payable $
X,XXX
Compensated absences $ XX,XXX $
XXX,XXX
Other - (explain)
TOTAL NET ASSETS - GOVERNMENTAL ACTIVITIES
NOTE: THE ITEMS LISTED ABOVE ARE SAMPLE ITEMS AND MAY NOT
NECESSARILY BE APPROPRIATE FOR YOUR SCHOOL
$
XX,XXX
OWEN J. ROBERTS SCHOOL DISTRICT
BALANCE SHEET
GOVERNMENTAL FUNDS
AS OF JUNE 30, 2002
Capital
Reserve
9,851,216
2,005,658
17,505
463,872
-
$ 15,917,617
1,000,000
1,482,592
2,125
$ 10,018,638
5,481,378
-
$
91,336
-
$ 35,878,807
1,000,000
2,005,658
6,981,475
463,872
2,125
$ 12,338,251
$ 18,402,334
$ 15,500,016
$
91,336
$ 46,331,937
$
$
$
$
38,954
-
$
General
ASSETS
Cash and Cash Equivalents
Investments
Taxes Receivable, Net
Interfund Receivables
Intergovernmental Receivables
Other Receivables, Net
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
LIABILITIES
Interfund Payables
Accounts Payable
Accrued Salaries & Benefits
Payroll Deductions and Withholdings
Deferred Revenues
Other Current Liabilities
TOTAL LIABILITIES
Total
Governmental
Funds
Capital
Projects
$
5,491,248
1,954,131
1,848,601
379,343
1,024,833
190,016
193,407
8,234,961
-
Non-Major
Funds
1,294,000
1,338,551
-
6,978,655
11,566,597
1,848,601
379,343
1,024,833
190,016
10,888,172
8,428,368
2,632,551
38,954
21,988,045
FUND BALANCES
Reserve for Capital Projects
Unreserved/Undesignated Fund Balances:
General Fund
Capital Reserve Fund
Athletic Fund
-
9,973,966
-
-
9,973,966
1,450,079
-
-
12,867,465
-
52,382
1,450,079
12,867,465
52,382
TOTAL FUND BALANCES
1,450,079
9,973,966
12,867,465
52,382
24,343,892
$ 12,338,251
$ 18,402,334
$ 15,500,016
91,336
$ 46,331,937
TOTAL LIABILITIES AND FUND BALANCES
The accompanying notes are an integral part of these financial statements.
$
OWEN J. ROBERTS SCHOOL DISTRICT
RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO
THE STATEMENT OF NET ASSETS
AS OF JUNE 30, 2002
TOTAL FUND BALANCES - GOVERNMENTAL FUNDS
$
24,343,892
Amounts reported for governmental activities in the statement
of net assets are different because:
Capital assets used in governmental activities are not financial resources
and therefore are not reported as assets in governmental funds. The cost
of the assets is $100,229,555 and the accumulated depreciation is $16,052,891.
84,176,664
Property taxes receivable will be collected this year, but are not available
soon enough to pay for the current period's expenditures and therefore
are deferred in the funds.
1,020,362
Establish allowance for doubtful accounts - property taxes receivable
Long-term liabilities, including bonds payable, are not due and payable in the
current period and therefore are not reported as liabilities in the funds. Long-term
liabilities at year end consist of:
Bonds Payable $
Accrued Interest on Bonds
Unamortized Bond Premium
Compensated Absences
TOTAL NET ASSETS - GOVERNMENTAL ACTIVITIES
(20,407)
(43,518,000)
(277,188)
(322,943)
(630,524)
(44,748,655)
$
64,771,856
Statement of Revenues, Expenditures and Changes in Fund Balances
Governmental Funds
For the Year Ended June 30, 20XX
General Fund
REVENUES
6000
7000
8000
Local Sources
State Sources
Federal Sources
0010 Total Revenues
EXPENDITURES
1000
2000
3000
4000
5110
Instruction
Support Services
NonInstructional Services
Capital Outlay
Debt Service (Principal & Interest)
0020 TOTAL EXPENDITURES
Excess (Deficiency) of Revenues Over Expenditures
OTHER FINANCING SOURCES (USES)
9110
9120
9200
9300
9400
9500
9600
9710
9720
5120
5130
5200
5310
5320
Bond Proceeds (Do not include refunded bonds)
Refunding Bond Proceeds
Proceeds from Extended Term Financing
Interfund Transfers
Sale/Compensation for Fixed Assets
Refunds of Prior Years Expenditures
Operating Transfers In (From Other LEAs)
Operating Transfers from Component Units
Operating Transfers from Primary Gov't
Debt Service (Payment to Refunded Bond Escrow Agent)
Refunds of Prior Year Receipts
Operating Transfers Out
Operating Transfers to Component Unit
Operating transfers to Primary Government
XXXX TOTAL OTHER FINANCING SOURCES (USES)
SPECIAL/EXTRAORDINARY ITEMS
8888
8889
0050
Special Items
Extraordinary Items
Prior Period Adjustment
Net Change in Fund Balances
0040 Fund Balance - July 1, 20 _ _
0700 Fund Balance - June 30,20 _ _
Major Fund
Major Fund
Major Fund
Other Funds
Total Gov. Funds
Reconciliation of the Governmental Funds
Statement of Revenues, Expenditures and Changes in Fund Balance
To the Statement of Activities
Total net change in fund balances - governmental funds
$
XXX,XXX
Amounts reported for governmental activities in the statement
of activities are different because:
Capital outlays are reported in governmental funds as expenditures.
However, in the statement of activities, the cost of those assets is
allocated over their estimated useful lives as depreciation expense.
This is the amount by which depreciation exceeds capital outlays
in the period. Depreciation expense $XXX,XXX
Capital Outlays
XX,XXX
XX,XXX
Because some property taxes will not be collected for several
months after the District's fiscal year ends, they are not considered
as "available" revenues in the governmental funds. Deferred tax
revenues increased by this amount this year.
XX,XXX
Repayment of bond principal is an expenditure in the governmental
funds, but the repayment reduces long-term liabilities in the
statement of net assets.
X,XXX,XXX
OTHER - (explain)
Change in net assets of governmental activities
$
NOTE: THE ITEMS LISTED ABOVE ARE SAMPLE ITEMS AND MAY NOT
NECESSARILY BE APPLICABLE TO YOUR SCHOOL
X,XXX,XXX
OWEN J. ROBERTS SCHOOL DISTRICT
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2002
Capital
Projects
General
REVENUES
Local Sources
State Sources
Federal Sources
$
38,651,849
9,691,371
314,876
$
205,105
9,870
-
Capital
Reserve
$
447,442
-
Non-Major
Funds
$
49,712
301
-
Total
Governmental
Funds
$
39,354,108
9,701,542
314,876
TOTAL REVENUES
48,658,096
214,975
447,442
50,013
49,370,526
EXPENDITURES
Instructional Services
Support Services
Operation of Non-instructional Services
Capital Outlay
Debt Service
22,117,691
15,011,148
553,179
-
405,370
23,055,232
-
177,834
2,902,911
-
272,824
5,859,131
22,117,691
15,594,352
826,003
25,958,143
5,859,131
TOTAL EXPENDITURES
37,682,018
23,460,602
3,080,745
6,131,955
70,355,320
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES
10,976,078
(23,245,627)
(2,633,303)
(6,081,942)
(20,984,794)
OTHER FINANCING SOURCES (USES)
Bond Premium
Proceeds of Refunding Bonds
Bond Proceeds
Sale of Fixed Assets
Operating Transfers In
Operating Transfers Out
Payments to Escrow Agent - Refunding Bonds
1,000
(10,840,999)
-
673,289
12,435,571
17,154,429
(12,451,191)
-
7,107,228
(9,595,693)
-
25,657,153
(19,607,352)
673,289
12,435,571
17,154,429
1,000
32,764,381
(32,887,883)
(19,607,352)
TOTAL OTHER FINANCING SOURCES (USES)
(10,839,999)
17,812,098
(2,488,465)
6,049,801
10,533,435
(5,433,529)
(5,121,768)
(32,141)
(10,451,359)
15,407,495
17,989,233
84,523
34,795,251
NET CHANGE IN FUND BALANCES
136,079
FUND BALANCES - BEGINNING
FUND BALANCES - ENDING
The accompanying notes are an integral part of these financial statements.
1,314,000
$
1,450,079
$
9,973,966
$
12,867,465
$
52,382
$
24,343,892
OWEN J. ROBERTS SCHOOL DISTRICT
RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES,
EXPENDITURES,
AND CHANGES IN FUND BALANCE TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2002
NET CHANGE IN FUND BALANCES - GOVERNMENTAL FUNDS
$
(10,451,359)
Amounts re porte d for gove rnme nta l a ctivitie s in the sta te me nt
of a ctivitie s a re diffe re nt be ca use :
Governmental funds report capital outlays as expenditures. However, in the
statement of activities, the cost of those assets is allocated over their
estimated useful lives as depreciation expense. This is the amount by
which capital outlays exceeded depreciation in the current period:
Capital Outlays
Less: Depreciation Expense
$
25,204,198
(1,698,830)
23,505,368
Because some property taxes will not be collected for several months
after the District's year end, they are not considered as "available" revenues
in the governmental funds. Deferred revenues increased by this amount
during the year.
999,955
Issuance of long-term debt (e.g. bonds) provides current financial resources
to governmental funds, while the repayment of the principal of long-term
debt consumes the current financial resources of governmental funds.
However, neither transaction has any effect on net assets. Also,
governmental funds report the effect of issuance costs, premiums, discounts,
and similar items when debt is first issued, whereas these amounts are
deferred and amortized in the statement of activities. Repayment of note
principal is an expenditure in the governmental funds, but the repayment
reduces long-term liabilities in the statement of net assets. The effect of
of these transactions in the statement of activities is shown below:
Issuance of bond proceeds
Repayment of bond principal
Bond issuance costs, net of amortization
(29,590,000)
23,100,000
(322,943)
(6,812,943)
Interest on long-term debt in the statement of activities differs from the
amount reported in the governmental funds because interest is recognized
as an expenditure in the funds when it is due, and thus requires the use of
current financial resources. In the statement of activities, interest expense
is recognized as the interest accrues, regardless of when it is due. The
additional interest accrued in the statement of activities over the amount due
is shown here
(277,188)
In the statement of activities, certain operating expenses-compensated
absences (vacations and sick days) are measured by the amounts earned
during the year. In the governmental funds; however, expenditures for
these items are measured by the amount of financial resources used. This
amount represents the difference between the amount earned versus the
amount used.
CHANGE IN NET ASSETS OF GOVERNMENTAL ACTIVITIES
The accompanying notes are an integral part of these financial statements.
(9,555)
$
6,954,278
Fund Statements
– Proprietary fund statements
– Economic resources
• Accrual basis
• Enterprise redefined – debt / user charge
based
– Debt secured solely by pledge of net revenues from
fees or charges
– Laws or regulations require recovery of costs
– Pricing policy designed to recover cost
Fund Statements
– Proprietary fund statements (cont’d)
• Statement of net assets / balance sheet
– Classified
– Restricted assets should be reported
– Fund net assets / equity has three classifications that
replace contributed capital and retained earnings
• Invested for capital assets net of related debt
• Restricted
• Unrestricted
Fund Statements
– Proprietary fund statements (cont’d)
• Statement of revenues, expenses and changes
in fund net assets / equity
– Distinguish between operating and non-operating
– Capital contributions and transfers reported
separately
• Statement of Cash Flows
– Four categories of cash flows:
• Operating
• Non-capital financing
• Capital and related financing
• Investing
– Direct method required for operating activities
Statement of Net Assets
Proprietary Funds
June 30, 20_ _
Food Service
ASSETS
Current Assets:
0100
0110
0130
0141
0146
0147
0150
0160
0170
0180
0190
Cas h and Cas h Equivalents
Inves tm ents
Due From Other Funds
Due From Other Governm ents
Due From Prim ary Governm ent
Due From Com ponent Units
Other Receivables
Advances to Other Funds
Inventories
Prepaid Expens es
Other Current As s ets
XXXX
Total Current Assets
Noncurrent Assets:
0108
0210
0220
0230
0250
0260
Res tricted Cas h and Cas h Equivalents
Land and Site Im provem ents
Building & Building Im provem ents (net)
Machinery & Equipm ent (net)
Cons truction in Progres s
LT Prepaym ents (net Acc Am ort LT Prepaym ents )
XXXX
Total Noncurrent Assets
XXXX
TOTAL ASSETS
LIABILITIES
Current Liabilities:
0400
0411
0413
0420
0430
0440
0450
0461
0462
0470
0480
0490
Due to Other Funds
Due to Other Governm ents
Due to Com ponent Units
Accounts Payable
Contracts Payable
Current Portion of Long-Term Debt
Short-Term Payables
Accrued Salaries and Benefits
Payroll Deductions and Withholdings
Advances from Other Funds
Deferred Revenues
Other Current Liabilities
XXXX
Total Current Liabilities
Noncurrent Liabilities:
0510
0520
0530
0540
0550
0590
Bonds Payable
Extended Term Financing Agreem ents Payable
Leas e Purchas e Obligations
LT Portion of Com pens ated Abs ences
Authority Leas e Obligations
Other Long-Term Liabilities
XXXX
XXXX
XXXX
Total Noncurrent Liabilities
TOTAL LIABILITIES
NET ASSETS
0791
0798
0799
Inves ted in Capital As s ets Net of Related Debt
Res tricted for Legal Purpos es (0792-0798)
Unres tricted
0790
TOTAL NET ASSETS
TOTAL LIABILITIES AND NET ASSETS
Other Enterprise
Other Enterprise
Total
Internal Service
OWEN J. ROBERTS SCHOOL DISTRICT
STATEMENT OF NET ASSETS
PROPRIETARY FUND
AS OF JUNE 30, 2002
Enterprise Fund
Food Service
ASSETS
Current Assets:
Cash and Cash Equivalents
Intergovernmental Receivables
Other Receivables, Net
Inventories
$
Total Current Assets
436,208
5,304
5,197
63,747
510,456
Noncurrent Assets:
Machinery and Equipment, Net
12,684
TOTAL ASSETS
$
523,140
LIABILITIES
Current Liabilities:
Interfund Payables
Accounts Payable
Deferred Revenues
$
2,820
218
11,525
Total Current Liabilities
14,563
Noncurrent Liabilities:
Long-Term Portion of Compensated Absence
2,444
TOTAL LIABILITIES
17,007
NET ASSETS
Invested in Capital Assets
Unrestricted
12,684
493,449
TOTAL NET ASSETS
506,133
TOTAL LIABILITIES AND NET ASSETS
$
523,140
Statement of Revenues, Expenses and Changes in Fund Net Assets
Proprietary Funds
June 30, 20XX
Food Service
OPERATING REVENUES:
6600
6900
6999
Food Service Revenue
Charges for Services
Other Operating Revenues
0010 TOTAL OPERATING REVENUES
OPERATING EXPENSES:
0100
0200
0300
0400
0500
0600
0700
0810
0820
0890
Salaries
Employee Benefits
Purchased Professional and Technical Service
Purchased Property Service
Other Purchased Service
Supplies
Depreciation
Dues and Fees
Claims and Judgments
Other Operating Expenditures
0020 TOTAL OPERATING EXPENSES
0030 OPERATING INCOME/(LOSS)
NONOPERATING REVENUES (EXPENSES):
6500
6920
6930
7000
8000
9500
0830
Earnings on Investments
Contibutions & Donations
Gain/Loss on Sale of fixed Assets
State Sources
Federal Sources
Refunds of Prior Year Expenditures
Interest Expenses
0040 TOTAL NONOPERATING REV/(EXP)
Income (loss) before Contributions
6920
9998
9999
Capital contributions
Transfers From (To) Component Units
Transfers In (out)
CHANGE IN NET ASSETS
XXXX TOTAL NET ASSETS-JULY 1, 20XX
0057
0061
Accounting Changes
Prior Period Adjustment
XXXX TOTAL NET ASSETS-JUNE 30, 20XX
Major Fund
Other Fund
Total Enterprise
Internal Service
OWEN J. ROBERTS SCHOOL DISTRICT
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS
PROPRIETARY FUND
FOR THE YEAR ENDED JUNE 30, 2002
Enterprise Fund
Food Service
OPERATING REVENUES
Food Service Revenue
$
OPERATING EXPENSES
Salaries
Employee Benefits
Other Purchased Services
Supplies
Depreciation
961,007
509,976
138,181
11,559
499,855
15,224
TOTAL OPERATING EXPENSES
1,174,795
NON-OPERATING REVENUES
Local Sources - Earnings on Investments
State Sources
Federal Sources
10,788
51,171
181,080
TOTAL NON-OPERATING REVENUES
243,039
INCOME (LOSS) BEFORE OPERATING TRANSFERS
29,251
Operating Transfers In
123,503
CHANGE IN NET ASSETS
152,754
TOTAL NET ASSETS - BEGINNING
353,379
TOTAL NET ASSETS - ENDING
$
506,133
Combined Statement of Cash Flows
Proprietary Fund Types
June 30, 20XX
Food Service
Cash Flows From Operating Activities
9937
Cas h Received from Us ers
9938
Cas h Received from As s es s m ents Made to Other Funds
9939
Cas h Received from Earnings on Inves tm ents
9940
Cas h Received from Other Operating Revenue
9941
Cas h Paym ents to Em ployees for Services
9942
Cas h Paym ents for Ins urance Claim s
9943
Cas h Paym ents to Suppliers for Goods and Services
9944
Cas h Paym ents for Other Operating Expens es
Net Cash Provided by (Used for) Operating Activities
Cash Flows From Non-Capital Financing Activities
6000
Local Sources
7000
State Sources
8000
Federal Sources
9917
Notes and Loans Received
9918
Interes t Paid on Notes /Loans (5100-830)
9919
Operating Trans fers In (Out)/ res idual Equity
9920
Operating Trans fers In (Out) Prim ary Governm ent
9921
Operating Trans fers In (Out) Com ponent Units
9922
Refunds of Prior Year Expenditures (9500)
Net Cash Provided by (Used for) Non-Capital Financing Activities
Cash Flows From Capital and Related Financing Activities
4000
Facilities Acquis ition/Cons t./Im p.Serv
6930
Gain/Los s on Sale of fixed As s ets
9200
Proceeds From Extended Term Financing
9925
Principal Paid on Financing Agreem ents
9926
Interes t Paid on Financing Agreem ents (5100-830)
9927
(Inc) Dec in Contributed Capital
Net Cash Provided by (Used for) Capital and Related Financing Activities
Cash Flows From Investing Activities
6500
Earnings on Inves tm ents
9929
Purchas e of Inv Securities /Depos its to Inv Pools
9930
Withdrawals from Inves tm ent Pools
9931
Proceeds from Sale and Maturity of Inv Securities
9932
Loans Received (Paid)
Net Cash Provided by (Used for) Investing Activities
Net Inc (Dec) in Cash and Cash Flows
9935
Cas h and Cas h Equivalents Beginning of Year
9936
Cas h and Cas h Equivalents at Year End
9900
Operating Income (Loss)
Adjustments to Reconcile Operating Income (Loss) to Net Cash Provided by (Used for):
9901
Depreciation and Net Am ortization
9902
Provis ion for Uncollectible Accounts
9903
Write-in
9904
(Inc) Dec in Accts Rec (0120-0150)
9905
Advances to Other Funds (0160)
9906
(Inc) Dec in Inventories
9907
(Inc) Dec in Prepaid Expens es
9908
(Inc) Dec in Other Current As s ets
9909
Inc (Dec) in Acct Payable
9910
Inc (Dec) in Accrued Salaries Benefits
9911
Inc (Dec) in Payroll Deductions /Withholding
9912
Inc (Dec) in Advances from Other Funds
9913
Inc (Dec) in Deferred Revenue
9914
Inc (Dec) in Other Current Liabilities
Total Adjustments
Cash Provided by (Used for) Total
Major
Other
Enterprise
Total
Enterprise
Internal
Service
Combined Statement of Cash Flows
For the Fiscal Year Ending June 30, 20XX
Schedule of Noncash Investing, Capital and Financing
Amount
Explanation of Transaction and Balance Sheet Effect
OWEN J. ROBERTS SCHOOL DISTRICT
STATEMENT OF CASH FLOWS
PROPRIETARY FUND
AS OF JUNE 30, 2002
Enterprise Fund
Food Service
CASH FLOWS FROM OPERATING ACTIVITIES
Cash Received from Users
Cash Payments to Employees for Services
Cash Payments to Suppliers for Goods and Services
Cash Payments for Other Operating Expenses
$
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES
920,597
(638,719)
(515,507)
(11,559)
(245,188)
CASH FLOWS FROM NON-CAPITAL FINANCING ACTIVITIES
State Sources
Federal Sources
Operating Transfers In
51,613
182,941
123,503
NET CASH PROVIDED BY NON-CAPITAL FINANCING ACTIVITIES
358,057
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
Purchase of equipment
(2,088)
CASH FLOWS FROM INVESTING ACTIVITIES
Earnings on Investments
10,788
NET INCREASE IN CASH AND CASH EQUIVALENTS
121,569
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS - END OF YEAR
314,639
$
436,208
Reconciliation of Operating Income to Net Cash Provided by (Used for) Operating Activities
Operating Income (Loss)
(213,788)
Adjustments to Reconcile Operating Income (Loss)
to Net cash Provided (Used) in Operating Activities:
Depreciation
Donated Commodities Used
Change in Assets and
(Increase) Decrease
(Increase) Decrease
Increase (Decrease)
Increase (Decrease)
Increase (Decrease)
Increase (Decrease)
15,224
44,510
Liabilities:
in Accounts Receivable
in Inventories
in Interfund Payables
in Accounts Payable
in Deferred Revenue
in Compensated Absences
939
(11,944)
(35,020)
(311)
2,071
(52)
Total Adjustments
Cash Provided (Used) by Operating Activities
15,417
$
(198,371)
Fund Statements
– Fiduciary fund statements
• Statement of fiduciary net assets
• Statement of changes in fiduciary net assets
– Redefined – cannot be used to support the
governments own programs
– Economic resources
– Accrual basis
Statement of Net Assets
Fiduciary Funds
June 30, 20XX
Private Purpose
Trust
ASSETS
0100
0110
0130
0147
0150
0160
0170
0180
0190
0220
0230
Cash and Cash Equivalents
Investments
Due from Other Funds
Due from Component Units
Other Receivables
Advances to Other Funds
Inventories
Prepaid Expenditures
Other Current Assets
Building & Building Improvements (net of Acc Dep)
Machinery & Equipment (net of Acc Dep)
XXXX
TOTAL ASSETS
LIABILITIES
0420
0430
0450
0400
0411
0412
0413
0461
0462
0470
0480
0490
Accounts Payable
Contracts Payable
Short-Term Payables
Due to Other Funds
Due to Other Governments
Due to Primary Government
Due to Component Units
Accrued Salaries and Benefits
Payroll Deductions and Withholdings
Advances from Other Funds
Deferred Revenues
Other Current Liabilities
XXXX
TOTAL LIABILITIES
NET ASSETS
0791
0798
0799
Invested In Capital Assets
Restricted (incl. 0792-0798)
Unrestricted
XXXX
TOTAL NET ASSETS
Pension and Other
Employee Benefit
Trust
Agency
Component
Unit
OWEN J. ROBERTS SCHOOL DISTRICT
STATEMENT OF NET ASSETS
FIDUCIARY FUNDS
AS OF JUNE 30, 2002
Private Purpose
Trust Fund
OJR Education
Foundation
Agency
Funds
Student
Activities
ASSETS
Current Assets:
Cash and Cash Equivalents
$
133,723 $
77,321
TOTAL ASSETS
$
133,723 $
77,321
LIABILITIES
Current Liabilities:
Other Current Liabilities
$
-
77,321
NET ASSETS
Held in trust for scholarships
$
133,723
$
Statement of Changes in Net Assets
Fiduciary Funds
Private Purpose
Trust Fund
XXXX
ADDITIONS
Gifts and Contributions
XXXX
DEDUCTIONS
Scholarships Awarded
CHANGE IN NET ASSETS
XXXX
XXXX
NET ASSETS-JULY 1, 20 _ _
NET ASSETS-JUNE 30, 20 _ _
Pension and Other
Employee Benefit
Trust Funds
Component
Unit
OWEN J. ROBERTS SCHOOL DISTRICT
STATEMENT OF CHANGES IN NET ASSETS
FIDUCIARY FUND
FOR THE YEAR ENDED JUNE 30, 2002
Private Purpose
Trust Fund
OJR Education
Foundation
ADDITIONS
Contributions
Earnings on Investments
$
26,906
4,244
TOTAL ADDITIONS
31,150
DEDUCTIONS
Scholarships
26,300
TOTAL DEDUCTIONS
26,300
CHANGE IN NET ASSETS
4,850
NET ASSETS - BEGINNING OF YEAR
NET ASSETS - END OF YEAR
128,873
$
133,723
Government Wide Statements
– Government-wide – Government and
business type activities presented for
primary government. Nonblended
component units retain a discrete
presentation.
• Economic resource
• Accrual basis
• Fiduciary funds not reported
Government Wide Statements
– Statement of net assets
• Assets less liabilities = net assets is
encouraged
• Traditional balance sheet format allowed
(Assets = Liabilities + Net Assets)
• Assets and liabilities in order of liquidity
Government Wide Statements
– Statement of net assets
• Liabilities that are long-term should be
current and long-term
• Classified balance sheet can be presented
• Net assets three categories
– Capital
– Restricted
– Unrestricted
• Infrastructure assets included
Statement of Net Assets
– Elimination and Reclassification
• Balances between funds that are initially
recorded as interfund receivables and
payables at individual fund level should be
eliminated for governmental and businesstype activities
– Eliminate the grossing up of assets and liabilities
– Interfund receivables / payables between general
fund – special revenue and other governmental
funds eliminated and same with interfund
receivables/payables between proprietary funds
– Net residual interfund receivables / payables not
eliminated and labeled internal balances
Statement of Net Assets
– Interfund receivables / payables between primary
government and fiduciary funds not eliminated and
reported as receivables from / payable to external
parties
ASSETS
Current Assets:
0100
0110
0120
0133
0141
0146
0147
0150
0170
0180
0190
Statement of Net Assets
June 30, 20_ _
Cas h and Cas h Equivalents
Inves tm ents
Taxes Receivable, net
Internal Balances
Due From Other Governm ents (incl. 0141-0145)
Due From Prim ary Governm ent
Due From Com ponent Unit
Other Receivables
Inventories
Prepaid Expens es
Other Current As s ets
XXXX
Total Current Assets
Noncurrent Assets:
0108
0260
0210
0220
0230
0250
0280
0290
Res tricted Cas h and Cas h Equivalents
Long-Term Prepaym ents (net Acc Am ort LT Prepaym ents )
Land and Site Im provem ents
Building & Building Im provem ents (net Acc Depreciation)
Furniture & Equipm ent (net Acc Depreciation)
Cons truction in Progres s
Infras tructure As s ets (net Acc Depreciation)
Other Long-Term Receivables
XXXX
Total Noncurrent Assets
XXXX
TOTAL ASSETS
LIABILITIES
Current Liabilities:
0403
0411
0412
0413
0420
0430
0440
0450
0461
0462
0470
0480
0490
Internal Balances
Due to Other Governm ents
Due to Prim ary Governm ent
Due to Com ponent Unit
Accounts Payable
Contracts Payable
Current Portion of Long-Term Debt
Short-Term Payables
Accrued Salaries and Benefits
Payroll Deductions and Withholdings
Advances from Other Funds
Deferred Revenues
Other Current Liabilities
XXXX
Total Current Liabilities
Noncurrent Liabilities:
0510
0520
0530
0540
0550
0590
Bonds Payable
Extended Term Financing Agreem ents Payable
Leas e Purchas e Obligations
Long-Term Portion of Com pens ated Abs ences
Authority Leas e Obligations
Other Long-Term Liabilities
XXXX
XXXX
Total Noncurrent Liabilities
TOTAL LIABILITIES
NET ASSETS
0791
0792
0793
0794
0795
0798
0799
Inves ted in Capital As s ets Net of Related Debt
Res tricted for:
Retirem ent of Long-Term Debt
Capital Projects
Perm anent Endowm ent - Expendable
Perm anent Endowm ent - Nonexpendable
Other Res trictions
Unres tricted (deficit)
0790
XXXX
TOTAL NET ASSETS
TOTAL LIABILITIES AND NET ASSETS
Governmental
Activities
Business-type
Activities
Total
Component
Unit
OWEN J. ROBERTS SCHOOL DISTRICT
STATEMENT OF NET ASSETS
AS OF JUNE 30, 2002
ASSETS
Curre nt Asse ts:
Cash and Cash Equivalents
Investments
Taxes Receivable, Net
Internal Balances
Intergovernmental Receivables
Other Receivables, Net
Inventories
Gove rnme nta l
Activitie s
Busine ss-Type
Activitie s
$
$
35,878,807
1,000,000
1,985,251
2,820
463,872
2,125
-
Tota l
436,208
(2,820)
5,304
5,197
63,747
$
36,315,015
1,000,000
1,985,251
469,176
7,322
63,747
Tota l Curre nt Asse ts
39,332,875
507,636
39,840,511
Non-curre nt Asse ts:
Land
Site Improvements, Net of Depreciation
Building and Building Improvements, Net of Depreciation
Fixtures and Equipment, Net of Depreciation
Construction in Progress
2,033,259
305,266
25,471,221
3,489,968
52,876,950
12,684
-
2,033,259
305,266
25,471,221
3,502,652
52,876,950
Tota l Non-curre nt Asse ts
TOTAL ASSETS
LIABILITIES
Curre nt Lia bilitie s
Accounts Payable
Accrued Salaries & Benefits
Payroll Deductions and W ithholdings
Accrued Interest
Deferred Revenue
Current Portion of Long-Term Obligations
Other Current Liabilities
84,176,664
12,684
84,189,348
$
123,509,539
$
520,320
$
124,029,859
$
11,566,597
1,848,601
379,343
277,188
4,471
190,016
$
218
11,525
-
$
11,566,815
1,848,601
379,343
277,188
15,996
190,016
Tota l Curre nt Lia bilitie s
14,266,216
11,743
14,277,959
Non-curre nt Lia bilitie s:
Bond Premium, Net of Amortization
Bonds Payable
Long-Term Portion of Compensated Absences
322,943
43,518,000
630,524
2,444
322,943
43,518,000
632,968
Tota l Non-curre nt Lia bilitie s
44,471,467
2,444
TOTAL LIABILITIES
58,737,683
14,187
58,751,870
40,658,664
12,684
40,671,348
9,973,966
14,139,226
493,449
9,973,966
14,632,675
NET ASSETS
Invested in Capital Assets, Net of Related Debt
Restricted for:
Capital Projects
Unrestricted
TOTAL NET ASSETS
TOTAL LIABILITIES AND NET ASSETS
The accompanying notes are an integral part of these financial statements.
64,771,856
$
123,509,539
-
44,473,911
506,133
$
520,320
65,277,989
$
124,029,859
Government Wide Statements
Statement of Activities
– Net cost format
– Expenses by function / programs
– Direct expenses – required
– Indirect expense allocation permitted – separate
column for indirect expenses, if allocated
– Depreciation
– Interest
– Special, extraordinary items and transfers
Basic Financial Statements
– Statement of Activities
• Program revenues reduce the cost of a
program
– Charges for services
– Operating grants and contributions
– Capital grants and contributions
• Net cost is financed by general revenues
Statement of Activities
– Eliminations and Reclassifications
• Internal activities should be eliminated so that
expenses and revenues are recorded only
once
– The general fund may charge other funds for
services such as insurance coverage on an internal
basis. When these costs are consolidated the
“doubling up” should be eliminated so that the
allocated expenses are reported only by the function
to which they are allocated.
– Internal activities should not be eliminated when
classified as interfund services provided or used.
Example, sale of water, electricity from utility to
general government.
Statement of Activities
– Intra-entity activity – Transaction between primary
government and its discretely presented component
units
• Should not be eliminated
• Amount payable / receivable should be reported
as a separate line item
– Internal service fund activity should be eliminated to
avoid doubling up of expenses and revenue.
• Any profit (loss) should be allocated pro rata to
the participating funds
• Residual balances related to assets and
liabilities reported in governmental activities in
statements of net assets.
Statement of Activities
Statement of Activities
For the Year Ended June 30, 20XX
Functions/Programs
Governmental activities:
Instruction
Instructional student Support
Admin. & Finl Support Services
Op & Main of Plant Svcs
Pupil Transportation
Student Activities
Community Services (excl. 3340)
Scholarships and Awards
Interest on long-term debt
Depreciation--unallocated
Total governmental activities
Business-type activities:
Food Service
Child Care
Other Enterprise Funds
Total primary government
Component Units:
(Write in)
(Write in)
Total Component Units
Expenses
Indirect
Expenses
Allocation
Program Revenues
Operating
Capital
Charges for
Grants and
Grants and
Services
Contributions
Contributions
General revenues:
Taxes:
Property taxes, levied for general purposes,net
Taxes levied for specific purposes
Grants, subsidies, & contributions not restricted
Receipts from Member Districts
Investment earnings
Miscellaneous Income
Special item—(write in)
Extraordinary Items
Transfers
Total general revenues, special items, extraordinary items and transfers
Change in Net Assets
Net assets—beginning
Net assets—ending
Net (Expense) Revenue and
Changes in Net Assets
Governmental
Activities
Business-type
Activities
Total
OWEN J. ROBERTS SCHOOL DISTRICT
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2002
Functions /Programs
Governmental Activities :
Ins truction:
Regular Ins truction
Special Ins truction
Vocational Ins truction
Other Ins tructional Programs
Adult Education Programs
Total Ins tructional Services
Support Services :
Pupil Pers onnel
Ins tructional Staff
Adminis tration
Pupil Health
Bus ines s Services
Operation of Plant and Maintenance Services
Student Trans portation Services
Central
Other Support Services
Total Support Services
Non-ins tructional Services :
Student Activities
Community Services
Interes t on Long-Term Debt
Unallocated Depreciation Expens e
Total Non-ins tructional Services
Total Government Activities
Bus ines s -Type Activities :
Food Services
Total Primary Government
Charges for
Services
Expens es
$
15,996,067
4,822,058
1,143,399
570,563
272,780
22,804,867
$
-
$
209,941
209,941
1,804,131
1,518,682
2,364,311
463,037
627,329
4,559,610
3,025,610
1,993,087
155,825
16,511,621
-
590,223
2,043,101
58,775
532,254
3,814
3,228,167
Net (Expens e) Revenue and
Changes in Net As s ets
Capital
Grants and
Contributions
$
-
Governmental
Activities
Bus ines s -Type
Activities
$
$
-
(15,405,843)
(2,778,957)
(1,084,624)
(38,309)
(59,025)
(19,366,759)
-
-
53,586
41,683
64,462
103,752
20,061
153,997
1,961,770
133,534
2,155
2,535,000
771,803
54,200
2,643,670
509,649
3,979,322
60,324
29,926
18,476
1,945
-
90,250
20,422
314,033
(693,003)
(22,329)
(2,329,637)
(509,649)
(3,554,617)
43,295,810
300,191
5,783,589
314,033
(36,897,997)
44,470,605
(1,750,545)
(1,476,999)
(2,299,849)
(359,285)
(607,268)
(4,405,612)
(1,063,840)
(1,859,553)
(153,670)
(13,976,621)
-
314,033
1,174,795
$
Program Revenues
Operating
Grants and
Contributions
961,007
$
1,261,198
232,251
$
6,015,840
$
-
314,033
-
Total
$
-
(15,405,843)
(2,778,957)
(1,084,624)
(38,309)
(59,025)
(19,366,759)
-
(1,750,545)
(1,476,999)
(2,299,849)
(359,285)
(607,268)
(4,405,612)
(1,063,840)
(1,859,553)
(153,670)
(13,976,621)
-
(693,003)
(22,329)
(2,329,637)
(509,649)
(3,554,617)
-
(36,897,997)
18,463
(36,897,997)
18,463
18,463
(36,879,534)
General Revenues :
Taxes :
Property taxes , levied for general purpos es
Public Utility Realty, Earned Income & Merc. Taxes Levied for Gen Purp, Net
Grants , Subs idies , and Contributions Not Res tricted
Inves tment Earnings
Mis cellaneous Income
Special Item - Gain on Sale of Capital As s ets
Special Item - Amortization of Net Bond Premium
Extraordinary Items
Trans fers
34,638,288
3,798,624
4,279,366
1,231,479
24,911
1,000
2,110
(123,503)
123,503
34,638,288
3,798,624
4,279,366
1,242,267
24,911
1,000
2,110
0
Total General Revenues , Special Items , Extraordinary Items , and Trans fers
43,852,275
134,291
43,986,566
6,954,278
152,754
7,107,032
Change in Net As s ets
Net As s ets - Beginning
Net As s ets - Ending
10,788
57,817,578
$
64,771,856
353,379
$
506,133
58,170,957
$
65,277,989
Basic Financial Statements
• Four types of revenue sources:
– Type A – Those who purchase, use or directly benefit
from the goods or services of the program (always
program revenue)
– Type B – Parties outside the reporting government’s
citizenry (program revenue if restricted)
– Type C – The reporting government’s taxpayers – all
taxpayers, regardless whether they benefit from a
particular program. (always General Revenue)
– Type D – The governmental institution itself (usually
General Revenue)
General vs Program Revenue Pocket Guide
R ev en u e R eceiv ed B y L E A s
School C ode
R e fe r e n c e
R e p o r ti n g
C a t e g o ry f o r
S t a te m e n t o f
A c t iv i ti e s
T a x e s a n d O th e r L o c a ll y G e n e r a te d R e v e n u e s
T r a n s f e r s f r o m C o m p o n e n t U n it s
B a s ic E d u c a t io n F u n d i n g
M ig r a n t E d u c a ti o n
V o c a ti o n a l E d u c a t io n R e i m b u r s e m e n t
C o u r t- o r d e r e d P a y m e n t s
T e m p o r a r y S p e c ia l A i d
S c h o o l P e r f o rm a n c e I n c e n ti v e s
D r iv e r s E d u c a t io n R e im b u r s e m e n t s
P a y m e n t s o n A c c t. o f S tu d e n t s E n r o l le d i n
T e c h n i c a l I n s t it u ti o n s
H e a lt h S e r v i c e s R e i m b u r s e m e n t
A d u l t P r o g ra m T r a v e l R e i m b u r se m e n t
A p p r o v e d v o c a t io n a l e x t e n s i o n P r o g r a m
R e im b u r s e m e n t s
A V T S E q u ip m e n t P a y m e n t s
V o c a tio n a l T r a i n in g f o r U n e m p l o y e d
V o c E d C u r r i c u lu m I m p r o v e m e n ts & A d d s
P a y m e n t s o n A c c t . o f E x c e p t i o n a l C h il d r e n - S D
T r a n s p o r t a ti o n P a y m e n t s t o I U s
S u m m e r S c h o o l /M ig r a n t P a y m e n ts to I U S
I U O p e r a t in g P a y m e n t s
N o n - P u b li c T r a n s p o r ta t io n P a y m e n t s
E x tr a o r d i n a r y S p e c i a l E d u c a t io n P a y m e n t s
H o m e b o u n d I n s t r u c ti o n
P u p il T r a n s p o r ta t io n R e im b u r s e m e n t s
R e n ta l & S i n k in g F u n d R e im b u r s e m e n t s
S o c ia l S e c u r i ty R e i m b u r s e m e n t s
P S E R S R e ti r e m e n t R e im b u r s e m e n t s
L i n k -t o -L e a rn G ra n t s
A l l F e d e r a l G ra n t s
P r o g ra m R e f u n d s
R e c e i p ts f r o m O t h e r L E A s - T r a n s p o r t a ti o n
R e c e i p ts f r o m O t h e r L E A s - E d u c a ti o n
R e c e i p ts f r o m O t h e r L E A s - O u t o f S ta t e
R e c e ip t s f r o m M e m b e r D i s tr ic t s - I U s
R e c e ip t s f r o m M e m b e r D i s tr ic t s - A V T S
F o o d S e r v i c e S u b s i d ie s a n d O t h e r R e v e n u e s
S
S
S
S
S
S
S
e c ti o n
e c ti o n
e c ti o n
e c ti o n
e c ti o n
e c ti o n
e c ti o n
2 5 0 2 .2 9
2 5 0 2 .2 0
2 5 0 2 .8 0
2 5 0 2 .3 2
2 5 0 2 .3 0
2595
2 5 0 4 .1
S e c ti o n 2 5 0 4 .1
S e c ti o n 2 5 0 5 .1
S e c ti o n 2 5 0 6 .1
S e c ti o n
S e c ti o n
S e c ti o n
S e c ti o n
S e c ti o n
S e c ti o n
S e c ti o n
S e c ti o n
S e c ti o n
S e c ti o n
S e c ti o n
S e c ti o n
S e c ti o n
R e ti r e m
R e ti r e m
S e c ti o n
N /A
N /A
N /A
N /A
N /A
N /A
N /A
N /A
2507
2 5 0 8 .1
2 5 0 8 .3
2 5 0 8 .4
2 5 0 9 .5
2 5 0 9 .1
2 5 0 9 .2
2 5 0 9 .1
2 5 0 9 .3
2 5 0 9 .8
2 5 1 0 .1
2541
2574
ent C ode
ent C ode
1 5 0 3 -A
G e n e ra l R e v e n u e s
G e n e ra l R e v e n u e
G e n e ra l R e v e n u e
G e n e ra l R e v e n u e
P ro g ra m R even u e
P ro g ra m R even u e
G e n e ra l R e v e n u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
G e n e ra l R e v e n u e
P ro g ra m R even u e
P ro g ra m R even u e
G e n e ra l R e v e n u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
P ro g ra m R even u e
G e n e ra l R e v e n u e
G e n e ra l R e v e n u e
P ro g ra m R even u e
Component Unit Presentation
– Discrete presentation in government wide
statements
• Fiduciary component units
• Major component unit reporting
– Separate columns in government wide statements
– Separate statements after fund presentation
– Condensed information in notes.
Required Supplementary Information
– Budgetary comparisons for general and
major special revenue funds
• Original and final budget
• Actual on budgetary basis