Download - COMBINING AND INDIVIDUAL FUND STATEMENTS · Due from Department of Children, Families, and Learning 5,932,026 5,120,547 Due from other governmental units 558,370 614,165 Prepaid items

COMBINING AND INDIVIDUAL FUND STATEMENTS

2002 2001

Assets

Cash and temporary investments 4,023,827$ 11,371,405$ Receivables

Current taxes 3,897,990 17,317,618 Delinquent taxes 153,495 138,216 Accounts and interest receivable 248,562 116,046 Due from other school districts 665,933 1,034,035 Due from Department of Children, Families, and Learning 5,932,026 5,120,547 Due from other governmental units 558,370 614,165

Prepaid items 76,020 81,765

Total assets 15,556,223$ 35,793,797$

Liabilities and Fund Equity

LiabilitiesSalaries and compensated absences payable 2,093,639$ 1,936,725$ Accounts and contracts payable 3,203,720 3,172,273 Due to other school districts 475,947 384,797 Due to other governmental units 365,714 72,513 Property taxes levied for subsequent year 5,217,387 24,769,081 Deferred revenue 130,411 2,572 Deferred revenue – delinquent taxes 153,495 138,216

Total liabilities 11,640,313 30,476,177

Fund equityFund balance (deficit)

Reserved for staff development 132,960 78,142 Reserved for reemployment insurance 54,141 93,372 Reserved for severance and health benefits 1,100,000 1,100,000 Reserved for health and safety (978,835) (512,418) Reserved for disabled accessibility 266,238 266,238 Reserved for operating capital 1,549,819 761,245 Reserved for class size, all-day kindergarten, and special

education student-to-instructor ratio reduction – 151,753 Unreserved

Designated for insurance stabilization account 125,735 388,538 Designated for student activities 717,852 273,680 Designated for alternative learning programs – 66,147 Undesignated 948,000 2,650,923

Total fund equity 3,915,910 5,317,620

Total liabilities and fund equity 15,556,223$ 35,793,797$

As of June 30, 2002 and 2001

INDEPENDENT SCHOOL DISTRICT NO. 834

General FundComparative Balance Sheet

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2001Over

(Under)Budget Actual Budget Actual

RevenueLocal sources

Property taxes 21,079,731$ 21,078,842$ (889)$ 17,990,780$ Interest earnings 300,000 118,965 (181,035) 453,645 Other 2,684,743 3,182,888 498,145 2,751,755

State sources 41,740,835 42,277,403 536,568 41,835,503 Federal sources 1,788,338 1,703,071 (85,267) 1,423,034

Total revenue 67,593,647 68,361,169 767,522 64,454,717

ExpendituresCurrent

AdministrationSalaries 1,707,808 1,711,816 4,008 2,307,580 Employee benefits 492,894 516,063 23,169 639,075 Purchased services 165,000 176,057 11,057 174,990 Supplies and materials 22,700 6,044 (16,656) 16,812 Capital expenditures – 4,174 4,174 – Other expenditures 90,693 77,439 (13,254) 97,603

Total administration 2,479,095 2,491,593 12,498 3,236,060

District support servicesSalaries 983,602 986,998 3,396 997,925 Employee benefits 412,518 405,759 (6,759) 399,262 Purchased services 216,619 239,431 22,812 182,904 Supplies and materials 70,300 49,787 (20,513) 46,569 Capital expenditures 35,506 20,461 (15,045) 33,181 Other expenditures 134,090 233,035 98,945 119,039

Total district support services 1,852,635 1,935,471 82,836 1,778,880

Elementary and secondary regular instruction

Salaries 24,304,634 23,831,362 (473,272) 24,135,405 Employee benefits 7,548,492 7,806,944 258,452 7,049,531 Purchased services 2,123,911 2,285,789 161,878 542,919 Supplies and materials 632,633 537,223 (95,410) 636,146 Capital expenditures 379,411 321,054 (58,357) 370,842 Other expenditures 1,726,740 1,612,231 (114,509) 1,675,321

Total elementary and secondary regular instruction 36,715,821 36,394,603 (321,218) 34,410,164

2002

(continued)


General FundStatement of Revenue, Expenditures, and Changes in Fund Balance

Budget and ActualYear Ended June 30, 2002

(with Comparative Actual Amounts for Year Ended June 30, 2001)

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2001Over


Expenditures (continued)Current (continued)

Vocational education instructionSalaries 521,269 502,735 (18,534) 583,527 Employee benefits 161,986 150,996 (10,990) 150,165 Purchased services 38,970 29,913 (9,057) 31,896 Supplies and materials 13,931 13,635 (296) 36,932 Capital expenditures 11,021 10,570 (451) 23,223 Other expenditures – 1,050 1,050 –

Total vocational education instruction 747,177 708,899 (38,278) 825,743

Special education instructionSalaries 5,269,319 5,389,285 119,966 4,923,858 Employee benefits 1,550,807 1,544,449 (6,358) 1,274,129 Purchased services 1,807,150 2,074,945 267,795 1,675,692 Supplies and materials 49,939 60,144 10,205 66,932 Capital expenditures 42,800 20,630 (22,170) 32,412 Other expenditures 3,150 2,672 (478) 8,244

Total special education instruction 8,723,165 9,092,125 368,960 7,981,267

Instructional support servicesSalaries 2,179,567 2,199,703 20,136 1,122,389 Employee benefits 650,542 667,686 17,144 295,609 Purchased services 918,386 865,565 (52,821) 455,220 Supplies and materials 126,360 164,316 37,956 201,017 Capital expenditures 51,363 54,672 3,309 59,366 Other expenditures 4,644 11,722 7,078 62,294

Total instructional support services 3,930,862 3,963,664 32,802 2,195,895

Pupil support servicesSalaries 1,914,368 1,852,093 (62,275) 1,787,238 Employee benefits 582,490 587,044 4,554 493,915 Purchased services 5,163,595 5,173,551 9,956 6,477,590 Supplies and materials 25,150 20,821 (4,329) 25,869 Other expenditures 3,900 2,967 (933) 5,455

Total pupil support services 7,689,503 7,636,476 (53,027) 8,790,067

2002

Year Ended June 30, 2002(with Comparative Actual Amounts for Year Ended June 30, 2001)


Budget and Actual (continued)

(continued)


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2001Over


Expenditures (continued)Current (continued)

Sites and buildingsSalaries 1,965,973 1,893,850 (72,123) 1,847,797 Employee benefits 655,087 646,744 (8,343) 573,997 Purchased services 1,611,953 1,482,816 (129,137) 1,527,697 Supplies and materials 687,790 582,090 (105,700) 859,546 Capital expenditures 2,324,676 2,889,213 564,537 2,323,715 Other expenditures 8,000 5,120 (2,880) 5,612

Total sites and buildings 7,253,479 7,499,833 246,354 7,138,364

Fiscal and other fixed cost programsPurchased services 204,100 268,315 64,215 232,362

Total expenditures 69,595,837 69,990,979 395,142 66,588,802

Excess (deficiency) of revenue over expenditures (2,002,190) (1,629,810) 372,380 (2,134,085)

Other financing sourcesCapital lease proceeds – 228,100 228,100 –

Excess (deficiency) of revenueand other financing sources over expenditures (2,002,190)$ (1,401,710) 600,480$ (2,134,085)

Fund balanceBeginning of year 5,317,620 7,451,705

End of year 3,915,910$ 5,317,620$


2002


Budget and Actual (continued)Year Ended June 30, 2002


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Food CommunityService Service 2002 2001

Assets

Cash and temporary investments 445,125$ 729,893$ 1,175,018$ 1,116,429$ Receivables

Current taxes – 414,679 414,679 360,576 Delinquent taxes – 5,289 5,289 4,957 Accounts and interest receivable 182 66,654 66,836 29,785 Due from other school districts – – – 79,953 Due from Department of Children, Families, and Learning – 26,360 26,360 36,494 Due from other governmental units 12,010 2,767 14,777 16,717

Inventory 76,391 – 76,391 103,390

Total assets 533,708$ 1,245,642$ 1,779,350$ 1,748,301$


LiabilitiesSalaries and compensated absences payable 134,629$ 115,588$ 250,217$ 234,026$ Accounts and contracts payable 157,104 48,870 205,974 135,094 Due to other school districts – 22,883 22,883 – Due to other governmental units – 700 700 414 Property taxes levied for subsequent year – 773,080 773,080 673,876 Deferred revenue 32,396 104,834 137,230 176,536 Deferred revenue – delinquent taxes – 5,289 5,289 4,957

Total liabilities 324,129 1,071,244 1,395,373 1,224,903


Reserved for community education programs – 147,991 147,991 300,273 Reserved for early childhood family education programs – 19,688 19,688 1,173 Reserved for school readiness – 25,610 25,610 – Unreserved – undesignated 209,579 (18,891) 190,688 221,952

Total fund equity 209,579 174,398 383,977 523,398

Total liabilities and fund equity 533,708$ 1,245,642$ 1,779,350$ 1,748,301$

Totals

As of June 30, 2002(with Comparative Totals as of June 30, 2001)


Special Revenue FundsCombining Balance Sheet

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Food CommunityService Service 2002 2001


Property taxes –$ 673,897$ 673,897$ 664,250$ Interest earnings 7,836 18,011 25,847 49,789 Other 1,865,182 1,946,671 3,811,853 3,551,001

State sources 72,001 615,376 687,377 692,531 Federal sources 418,171 10,782 428,953 396,252

Total revenue 2,363,190 3,264,737 5,627,927 5,353,823

ExpendituresCurrent

Food service 2,370,161 – 2,370,161 2,159,329 Community service – 3,370,171 3,370,171 2,980,446

Capital outlay 11,338 15,678 27,016 83,678 Total expenditures 2,381,499 3,385,849 5,767,348 5,223,453

Excess of revenue over expenditures (18,309) (121,112) (139,421) 130,370

Fund balanceBeginning of year 227,888 295,510 523,398 393,028

End of year 209,579$ 174,398$ 383,977$ 523,398$

Year Ended June 30, 2002(with Comparative Totals for Year Ended June 30, 2001)

Totals


Special Revenue FundsCombining Statement of Revenue, Expenditures, and Changes in Fund Balance

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2002 2001

Assets

Cash and temporary investments 445,125$ 356,574$ Receivables

Accounts and interest receivable 182 5,688 Due from Department of Children, Families, and Learning – 6,398 Due from other governmental units 12,010 10,869

Inventory 76,391 103,390

Total assets 533,708$ 482,919$


LiabilitiesSalaries and compensated absences payable 134,629$ 131,726$ Accounts and contracts payable 157,104 80,733 Deferred revenue 32,396 42,572

Total liabilities 324,129 255,031

Fund equityFund balance

Unreserved – undesignated 209,579 227,888

Total liabilities and fund equity 533,708$ 482,919$

As of June 30, 2002 and 2001


Food Service FundComparative Balance Sheet

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2001Over



Interest earnings 5,000$ 7,836$ 2,836$ 14,932$ Other – primarily meal sales 1,858,880 1,865,182 6,302 1,801,541

State sources 73,000 72,001 (999) 67,498 Federal sources 427,150 418,171 (8,979) 387,140

Total revenue 2,364,030 2,363,190 (840) 2,271,111

ExpendituresCurrent

Salaries 819,500 804,835 (14,665) 751,663 Employee benefits 254,283 253,395 (888) 226,468 Purchased services 102,900 121,539 18,639 85,830 Supplies and materials 1,186,000 1,190,032 4,032 1,095,031 Other expenditures 760 360 (400) 337

Capital outlay 26,000 11,338 (14,662) 32,597 Total expenditures 2,389,443 2,381,499 (7,944) 2,191,926

Excess (deficiency) of revenue over expenditures (25,413)$ (18,309) 7,104$ 79,185

Fund balanceBeginning of year 227,888 148,703

End of year 209,579$ 227,888$


Food Service FundStatement of Revenue, Expenditures, and Changes in Fund Balance

2002



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2002 2001

Assets

Cash and temporary investments 729,893$ 759,855$ Receivables

Current taxes 414,679 360,576 Delinquent taxes 5,289 4,957 Accounts and interest receivable 66,654 24,097 Due from other school districts – 79,953 Due from Department of Children, Families, and Learning 26,360 30,096 Due from other governmental units 2,767 5,848

Total assets 1,245,642$ 1,265,382$


LiabilitiesSalaries and compensated absences payable 115,588$ 102,300$ Accounts and contracts payable 48,870 54,361 Due to other school districts 22,883 – Due to other governmental units 700 414 Property taxes levied for subsequent year 773,080 673,876 Deferred revenue 104,834 133,964 Deferred revenue – delinquent taxes 5,289 4,957

Total liabilities 1,071,244 969,872


Reserved for community education programs 147,991 300,273 Reserved for early childhood family education programs 19,688 1,173 Reserved for school readiness 25,610 – Unreserved – undesignated (18,891) (5,936)

Total fund equity 174,398 295,510


As of June 30, 2002 and 2001


Community Service FundComparative Balance Sheet

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2001Over



Property taxes 737,506$ 673,897$ (63,609)$ 664,250$ Interest earnings 15,000 18,011 3,011 34,857 Other – primarily tuition and fees 2,074,640 1,946,671 (127,969) 1,749,460

State sources 574,210 615,376 41,166 625,033 Federal sources 10,782 10,782 – 9,112

Total revenue 3,412,138 3,264,737 (147,401) 3,082,712

ExpendituresCurrent

Salaries 2,149,553 2,044,288 (105,265) 1,834,341 Employee benefits 478,422 519,654 41,232 428,059 Purchased services 574,988 473,538 (101,450) 413,991 Supplies and materials 256,540 272,804 16,264 244,930 Other expenditures 45,830 59,887 14,057 59,125

Capital outlay 15,600 15,678 78 51,081 Total expenditures 3,520,933 3,385,849 (135,084) 3,031,527

Excess (deficiency) of revenue over expenditures (108,795)$ (121,112) (12,317)$ 51,185

Fund balanceBeginning of year 295,510 244,325

End of year 174,398$ 295,510$



2002


Community Service FundStatement of Revenue, Expenditures, and Changes in Fund Balance

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2002 2001

Assets

Cash and temporary investments 9,427,826$ 11,739,935$ Receivables

Accounts and interest receivable – 189,423

Total assets 9,427,826$ 11,929,358$


LiabilitiesSalaries and compensated absences payable 2,055$ 3,327$ Accounts and contracts payable 1,123,435 2,891,815 Due to other governmental units 816 –

Total liabilities 1,126,306 2,895,142

Fund equityFund balance

Reserved for alternative facilities program 8,301,520 9,034,216


Comparative Balance SheetAs of June 30, 2002 and 2001


Capital Projects – Building Construction Fund

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2001Over



Interest earnings 200,000$ 212,571$ 12,571$ 1,017,034$

ExpendituresCapital outlay

Salaries 81,000 81,048 48 5,375 Employee benefits 22,000 21,864 (136) 690 Purchased services 1,397,000 758,245 (638,755) 1,067,115 Supplies and materials – 529 529 – Capital expenditures 8,000,000 7,951,538 (48,462) 4,329,201 Other expenditures – 512 512 6,942

Total expenditures 9,500,000 8,813,736 (686,264) 5,409,323

Excess (deficiency) of revenue over expenditures (9,300,000) (8,601,165) 698,835 (4,392,289)

Other financing sources Bond proceeds (net) 7,904,000 7,868,469 (35,531) –

Excess (deficiency) of revenue and other financing sources over expenditures (1,396,000)$ (732,696) 663,304$ (4,392,289)

Fund balanceBeginning of year 9,034,216 13,426,505

End of year 8,301,520$ 9,034,216$



2002


Capital Projects – Building Construction FundStatement of Revenue, Expenditures, and Changes in Fund Balance

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Regular Debt RefundingService Bond TrustAccount Account 2002 2001

Assets

Cash and temporary investments 6,294,963$ –$ 6,294,963$ 5,952,962$ Cash and investments held by trustee – 19,848,331 19,848,331 19,851,108 Receivables

Current taxes 3,697,016 – 3,697,016 3,850,860 Delinquent taxes 54,853 – 54,853 48,584 Accounts and interest receivable 413 406,913 407,326 417,121 Due from other governmental units 29,350 – 29,350 60,270

Total assets 10,076,595$ 20,255,244$ 30,331,839$ 30,180,905$


LiabilitiesProperty taxes levied for subsequent year 6,886,916$ –$ 6,886,916$ 7,190,561$ Deferred revenue – delinquent taxes 54,853 – 54,853 48,584

Total liabilities 6,941,769 – 6,941,769 7,239,145

Fund equity Fund balance

Reserved for bond refunding – 20,255,244 20,255,244 20,258,021 Unreserved – undesignated 3,134,826 – 3,134,826 2,683,739

Total fund equity 3,134,826 20,255,244 23,390,070 22,941,760

Total liabilities and fund equity 10,076,595$ 20,255,244$ 30,331,839$ 30,180,905$

As of June 30, 2002(with Comparative Totals for Year Ended June 30, 2001)

Totals


Debt Service FundCombining Balance Sheet

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2001

Regular Debt Refunding OverService Bond Trust (Under)

Budget Account Account Total Budget Actual


Property taxes 6,582,200$ 7,189,586$ –$ 7,189,586$ 607,386$ 7,284,420$ Interest earnings – 294,809 976,593 1,271,402 1,271,402 1,181,496

State sources – – – – – 2 Total revenue 6,582,200 7,484,395 976,593 8,460,988 1,878,788 8,465,918

ExpendituresCapital outlay – joint elementary school lease 609,900 608,242 – 608,242 (1,658) 570,454 Debt service

Bond principal retirement 3,045,000 3,045,000 – 3,045,000 – 2,745,000 Interest on bonds 3,217,173 3,217,173 979,370 4,196,543 979,370 4,275,467 Fiscal charges and other 64,691 64,691 – 64,691 – 1,813

Total expenditures 6,936,764 6,935,106 979,370 7,914,476 977,712 7,592,734

Excess (deficiency) of revenue over expenditures (354,564) 549,289 (2,777) 546,512 901,076 873,184

Other financing sources (uses)Bond proceeds (net) – 24,236,798 – 24,236,798 24,236,798 – Payments on refunded bonds – (24,335,000) – (24,335,000) (24,335,000) –

Total other financing sources (uses) – (98,202) – (98,202) (98,202) –

Excess (deficiency) of revenue and other financing sources over expenditures and other financing uses (354,564)$ 451,087 (2,777) 448,310 802,874$ 873,184

Fund balanceBeginning of year 2,683,739 20,258,021 22,941,760 22,068,576

End of year 3,134,826$ 20,255,244$ 23,390,070$ 22,941,760$

(with Comparative Actual Amounts for Year Ending June 30, 2001)

Debt Service FundCombining Statement of Revenue, Expenditures and Changes in Fund Balance


Actual2002


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ScholarshipFlexible and SpecialBenefits Purpose Gifts Partnership 2002 2001

Assets

Cash and temporary investments 30,785$ 500,008$ 191,013$ 721,806$ 742,384$ Receivables

Accounts and interest – 33,111 12 33,123 3,525 Prepaid items – – 250 250 –

Total assets 30,785$ 533,119$ 191,275$ 755,179$ 745,909$


LiabilitiesSalaries and compensated absences payable –$ 1,641$ –$ 1,641$ 24,343$ Accounts and contracts payable – 4,603 2,546 7,149 16,593 Deferred revenue – – 90,000 90,000 –

Total liabilities – 6,244 92,546 98,790 40,936

Fund equity Fund balance

Reserved for partnership – – 98,729 98,729 134,247 Unreserved – undesignated 30,785 526,875 – 557,660 570,726

Total fund equity 30,785 526,875 98,729 656,389 704,973

Total liabilities and fund equity 30,785$ 533,119$ 191,275$ 755,179$ 745,909$

Totals


Expendable Trust FundsCombining Balance Sheet

As of June 30, 2002(with Comparative Totals as of June 30, 2001)

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ScholarshipFlexible and SpecialBenefits Purpose Gifts Partnership 2002 2001


Interest earnings –$ –$ 791$ 791$ 10,186$ Other

Payroll withholdings for flexible benefit plan 287,564 – – 287,564 187,957 Miscellaneous – 585,943 139,343 725,286 922,671

Total revenue 287,564 585,943 140,134 1,013,641 1,120,814

ExpendituresCurrent

Instructional support services – 600,961 175,652 776,613 996,886 Employee benefits 285,612 – – 285,612 178,559

Total expenditures 285,612 600,961 175,652 1,062,225 1,175,445

Excess (deficiency) of revenue over expenditures 1,952 (15,018) (35,518) (48,584) (54,631)

Fund balanceBeginning of year 28,833 541,893 134,247 704,973 759,604

End of year 30,785$ 526,875$ 98,729$ 656,389$ 704,973$

Year Ended June 30, 2002(with Comparative Actual Amounts for Year Ending June 30, 2001)

Totals


Expendable Trust Funds Combining Statement of Revenue, Expenditures and Changes in Fund Balance

-48-