INDIANA AREA SCHOOL DISTRICT AUDIT REPORT JUNE 30, 2012.
-
Upload
melissa-lawson -
Category
Documents
-
view
212 -
download
0
Transcript of INDIANA AREA SCHOOL DISTRICT AUDIT REPORT JUNE 30, 2012.
INDIANA AREA SCHOOL DISTRICT
AUDIT REPORT
JUNE 30, 2012
FUND STATEMENTS
GOVERNMENTAL FUNDS• General Fund • Capital Projects Fund (Capital Reserve)• Debt Service Fund
FUND STATEMENTS
PROPRIETARY FUND
Food Service Fund
FIDUCIARY FUNDS
Agency Fund – Student Activities
FUND BALANCE BY FUND
$3,836,297
$4,157,778
$2,076,289
$1,902,445
($67,924) ($14,547)(500,000)
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
General Fund Capital Reserve Food Service
2011
2012
SOURCES OF REVENUEGENERAL FUND
Total Revenues for 2012: $45,446,922
Total Revenues for 2011: $46,217,430 Decrease of 1.7%
Other Local Taxes12%
State Subsidies
32%
Real Estate Taxes52%
Other Local Sources
2%
Federal Subsidies
2%
EXPENDITURES BY FUNCTIONGENERAL FUND
2012 Total Expenditures: $45,125,441 2012 Interfund Transfers: $3,277,177
2011 Total Expenditures: $46,623,218 2011 Interfund Transfers: $3,613,268
Decrease of 3.2%
Transfers7%Non-instructional
Services2%
Support Services27% Instruction
64%
DEBT SERVICEBeginning $22,970,000
Issued 0
Retired (2,200,000)
Ending $20,770,000
Current (2,255,000)
Long-term $18,515,000
Series 2010 $ 5,170,000
Series 2009 $ 9,855,000
Series 2008 $ 5,690,000
Series 2003A $ 55,000
Total $20,770,000
DEBT SERVICE TO TOTAL EXPENDITURES FOR 16 LOCAL
DISTRICTS
3.39%
1.10%1.18%
2.33%
5.54%6.28%
6.53%6.67%
7.93%
9.59%10.21%
11.25%
11.27%
12.19%
12.27%
12.74%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
A B C D E F IASD G H I J K L M N O
BUDGET VS. ACTUALGENERAL FUND
Budget$44,458,043
Budget$45,991,940
Actual$45,446,922 Actual
$45,125,441
40,000,000
41,000,000
42,000,000
43,000,000
44,000,000
45,000,000
46,000,000
47,000,000
48,000,000
49,000,000
50,000,000
Revenues Expenditures
Revenue Variance $988,879Expenditure Variance $866,499
FOOD SERVICE FUND 2012 2011
Revenue $ 1,167,538 $ 1,164,041
Expense (1,184,161) (1,142,649)
Transfers In 70,000 125,000
Net Income 53,377 146,392
Beg Net Assets (67,924) (214,316)
End Net Assets $ (14,547) $ (67,924)
THANK YOU TO THE BUSINESS OFFICE
STAFF
FOR YOUR TIME, PREPARATION AND HARD WORK ON THE
AUDIT!!