Government-Wide Financial Statements - PDF by tex60740

VIEWS: 31 PAGES: 3

									                                Government-Wide
                              Financial Statements
“Building the Future”



  The government-wide financial statements consist of the Statement of Net
  Assets and the Statement of Activities.

  These statements report all financial and capital resources of the primary
  government as a whole, except for the fiduciary funds of the primary
  government.

     The Statement of Net Assets displays “assets less liabilities equal net
     assets” format.

     The Statement of Activities presents governmental activities by func-
     tion, at the level of detail required in the governmental fund statement
     of
     revenues, expenditures, and changes in fund balances.

  The government-wide financial statements were prepared using the eco-
                                                                                                       Schedule 1

                                     AUBURN SCHOOL DISTRICT NO. 408
                                        STATEMENT OF NET ASSETS
                                             August 31, 2007

                                                                                             Primary Government
                                                                                                Governmental
                                                                Note #
                                                                                                  Activities

ASSETS
Cash and Cash Equivalents                                    1.E.1 and 2                     $        48,722,783
Property Tax Receivable                                         1.E.2                                 24,123,835
Receivables, Net                                                1.E.3                                    304,033
Due from Other Governments                                      1.E.5                                  4,659,147
Inventories                                                     1.E.6                                    436,962

Capital Assets, not being depreciated
 Land                                                              4         $ 20,263,254
 Construction-in-progress                                          5            1,557,764
    Total capital assets, not being depreciated                                21,821,018
Capital Assets, being depreciated                                                       -
 Buildings & Improvements                                          4          256,755,474
 Equipment                                                         4           17,163,833
    Total capital assets, being depreciated                                   273,919,307
  Less accumulated depreciation                                    4          (79,254,850)
    Total capital assets, net of accumulated depreciation                     194,664,457
Capital assets, net of accumulated depreciation                                                      216,485,475

Unamortized Bond Issuance Costs                                  7.B                                   1,044,630
      TOTAL ASSETS                                                                                   295,776,865

LIABILITIES
Accounts Payable                                                                                       2,511,030
Accrued Wages & Benefits Payable                                                                       1,055,208
Accrued Interest                                                                                       1,559,376
Unearned Revenue                                                1.E.9                                    363,224
Long-Term Liabilities
  Due within one year                                            7.A                                  10,954,399
  Due in more than one year                                                                          123,867,145
       TOTAL LIABILITIES                                                                             140,310,382

NET ASSETS
Invested in capital assets, net of related debt                                                      105,254,392
Restricted for:
   Capital Projects                                                                                   34,992,268
   Debt Service                                                                                        8,746,611
   Other Purposes                                                                                      2,498,399
   Other Activities                                                                                    1,206,871
Unrestricted                                                                                           2,767,942
        TOTAL NET ASSETS                                                                     $       155,466,483

The notes to the basic financial statements are an integral part of this statement.

                                                                                                             -20-
                                                                                                                           Schedule 2


                                           AUBURN SCHOOL DISTRICT NO. 408
                                              STATEMENT OF ACTIVITIES
                                             For the Year Ended August 31, 2007


                                                                                                                  NET (EXPENSE)
                                                                                                                  REVENUE AND
                                                                                                                 CHANGES IN NET
                                                                                                                     ASSETS
                                                                                                                    PRIMARY
                                                                             PROGRAM REVENUES
                                                                                                                  GOVERNMENT
                                                                                   Operating    Capital Grants
                                                                 Charges for                                         Governmental
          Functions/Programs                     Expenses                          Grants and        and
                                                                  Service                                              Activities
                                                                                  Contributions Contributions
Primary Government:
Governmental Activities:
   Regular Instruction                       $     72,276,573 $ 540,572 $                      - $   2,881,724 $         (68,854,277)
   Special Instruction                              8,879,343           -              8,443,834             -              (435,509)
   Vocational Instruction                           6,445,976     746,463                 96,019             -            (5,603,494)
   Compensatory Education                          10,277,157           -             10,832,215             -               555,058
   Other Instructional Programs                       262,760         900                377,792             -               115,932
   Community Services                                 622,141     390,123                      -             -              (232,018)
   Support Services                                15,314,494     111,823                108,469             -           (15,094,202)
   Child Nutrition Services                         3,641,054   1,331,549              2,904,356             -               594,851
   Pupil Transportation Services                    5,672,497      37,444              2,432,831             -            (3,202,222)
   Extracurricular Activities (ASB)                 2,211,467   2,136,588                      -             -               (74,879)
   Interest Expense on Long-Term Debt               6,163,330           -                      -             -            (6,163,330)
Total Governmental Activities                $    131,766,792 $ 5,295,462 $           25,195,516 $   2,881,724 $         (98,394,090)


                   General Revenues:
                       Taxes:
                          Property taxes, levies for educational programs                                                 21,299,390
                          Property taxes, levies for debt service                                                         17,067,568
                          Property taxes, levies for technology equipment                                                  2,360,058
                       Unallocated State Apportionment & Others                                                           64,361,890
                       Interest and Investment earnings                                                                    3,061,865

                    Total General Revenues and Special Items                                                             108,150,771

                    Changes in Net Assets                                                                                  9,756,681

                    Net Assets - Beginning                                                                               145,709,802

                    Net Assets - Ending                                                                          $       155,466,483


The notes to the basic financial statements are an integral part of this statement.




                                                                                                                                 -21-

								
To top