GASB Statement 54 Effective June 30, 2011 Fund Balance Reporting.

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GASB Statement 54 Effective June 30, 2011 Fund Balance Reporting

Transcript of GASB Statement 54 Effective June 30, 2011 Fund Balance Reporting.

Page 1: GASB Statement 54 Effective June 30, 2011 Fund Balance Reporting.

GASB Statement 54

Effective June 30, 2011

Fund Balance Reporting

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GASB Statement 54

Effects all Government FundsGeneral FundManagement FundStudent Activity FundPhysical Plant and Equipment

(PPEL)Sales Tax Fund

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GASB Statement 54

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GASB Statement 54

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GASB Statement 54

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GASB Statement 54

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GASB Statement 54

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GASB Statement 54

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GASB Statement 54

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GASB Statement 54

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RECOMMENDATIONS

Committed Vs Assigned Board: Committed Superintendent: Assigned Dir of Business Affairs: Assigned

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GENERAL FUND

Committed:Board Goals-Regarding unspent balance and solvency ratio (need board resolution)

Donation with a specific purpose

Assigned:Resale Accounts PTA/PTO AccountsBook Fair Accounts Vending AccountsLibrary Fines/Fees ID Card Accounts Accounts

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STUDENT ACTIVITY

Assigned:Student clubs/class accountsStudent resale accountsSport camps account

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MANAGEMENT FUND

Unassigned

PHYSICAL PLANT & EQUIPMENT (PPEL) Assigned by project

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Sales Tax FundCommitted:

Will need board resolutionAssigned by project

6/30/2012Attendance Center Solution 1,073,705.004th Street Expansion Escrow 81,013.70Total 1,454,718.70


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