Employee Absence Excel Template 2009

Document Sample
Employee Absence Excel Template 2009 Powered By Docstoc
					Entity Name:                                                    ALPINE SCHOOL DISTRICT

Year End:                                                       June 30, 2009

Comparative Year End:                                           June 30, 2009 and 2008

Period:                                                         Year Ended June 30, 2009

Comparative Period:                                             Years Ended June 30, 2009 and 2008

Comparative Totals                                              With Comparative Totals for 2008

Current Year                                                    2009

Prior Year                                                      2008


Date of last spell check                                        October 24, 2008             rbb

Printer used                                                    HP5

Conditional formatting errors                                   Red

Formulas                                                        Blue

Pending items                                                   Green

Fonts                                                           Headers 12
                                                                Body 10
                                                                Footers 10
                                                                Page numbers 11
                                                                Times New Roman

Margins, generally                                              Top                                 0.75
                                                                Header                              0.50
                                                                Left                                0.75
                                                                Right                               0.75
                                                                Bottom                              0.50
                                                                Footer                              0.25
                                                                Center on page                     none

Scaling, generally                                              Fit to 1 page wide

Print                                                           Black and white

Column width                                                    Columns with amounts 12.00
                                                                Between columns 1.00

Row height                                                      Default 12.75
                                                                Totals 18.00

Number formatting                                               Accounting, 0 decimal places, $ first account and final totals

Full-accrual accounts                                           ALL CAPS


Tax rates:
   Basic state supported program for regular k-12 instruction              0.001250        22,084,883                 Tax rates updated 10-02-09
   Voted leeway for regular k-12 instruction                               0.001468        25,936,487
   School board leeway for class size reduction                            0.000391         6,908,151
   Special Transportation                                                  0.000123         2,173,153
   Tort Liability                                                          0.000020           353,358
   Community recreation                                                    0.000100         1,766,791
   Debt service                                                            0.002638        46,607,938
   Capital outlay                                                          0.000349         6,166,099
   Ten percent of the basic                                                0.000718        12,685,557
                                                                           0.007057       124,682,417


Proofs:
    Entries:
        Total debits                                                 1,288,969,102
        Total credits                                               (1,288,969,102)                 -

    Total governmental activities revenue:
       Trial balance                                                    459,016,793                        If you are off here remember that on the Reconcile BS you need to
       Statement of activities                                          459,016,793                 -      always relink capital assets on the top of the reconciliation.

    Total net assets - ending:
       Statement of activities                                          271,543,001
       Statement of net assets                                          271,543,001                 -      If you are off here go carefully over the two reconciliations of BS and Activities
                                                                                                           make sure all of the linked cells on these reconciliations tie to LTD and fixed assets
    Statement of net assets:
       Total assets                                                     914,502,931
       Total liabilities + net assets                                   914,502,931                 -

    Change in net assets:
      Trial balance                                                      39,192,524
      Reconciliation of activities                                       39,192,524                 -
      Statement of activities                                            39,192,524                 -

    Net assets - governmental activities:
       Reconciliation of balance sheet                                  271,543,001
   Statement of net assets                                    271,543,001   -
   Net asset calculation                                      271,543,001   -

General fund - fund balance - ending:
  Balance sheet                                                38,297,812
  Statement of revenues                                        38,297,812   -

Debt service - fund balance - ending:
  Balance sheet                                                 2,334,769
  Statement of revenues                                         2,334,769   -

Capital projects - fund balance - ending:
  Balance sheet                                               122,132,882
  Statement of revenues                                       122,132,882   -

Statement of net assets - proprietary funds
   Total net assets - prior year                                3,298,189
Statement of activities - proprietary funds
   Total net assets - prior year                                3,298,189   -

Statement of net assets - proprietary funds - current year:
   Total assets                                                 3,987,609
   Total liabilities + net assets                               3,987,609   -

Cash balance - proprietary funds - prior year:
  Statement of net assets - proprietary                         2,270,806
  Statement of cash flows                                       2,270,806   -

Cash balance - proprietary funds - current year:
  Statement of net assets - proprietary                         2,469,011
  Statement of cash flows                                       2,469,011   -

Cash balance - individual proprietary funds - current year:
  Industrial insurance:
     Combining statement of net assets                          1,213,568
     Combining statement of cash flows                          1,213,568   -
  Graphics and printing:
     Combining statement of net assets                           107,549
     Combining statement of cash flows                           107,549    -
  Warehouse:
     Combining statement of net assets                          1,147,894
     Combining statement of cash flows                          1,147,894   -

Fund balances - nonmajor governmental funds:
  School lunch:
      Balance sheet                                             6,488,505
      Statement of revenues                                     6,488,505   -
  Non K-12 programs:
      Balance sheet                                              420,222
      Statement of revenues                                      420,222    -
  ATEC:
      Balance sheet                                               45,272
      Statement of revenues                                       45,272    -
  Foundation:
      Balance sheet                                             2,839,640
      Statement of revenues                                     2,839,640   -
  Total nonmajor governmental funds:
      Balance sheet                                            16,392,499
      Statement of revenues                                    16,392,499   -

Fund balance - capital projects:
  Balance sheet                                               122,132,882
  Statement of revenues                                       122,132,882   -
ALPINE SCHOOL DISTRICT

    Financial Statements
    Using the GASB 34 Model

   Year Ended June 30, 2009
                                       ALPINE SCHOOL DISTRICT
                                            Table of Contents
                                        Year Ended June 30, 2009
                                                                                        Page

INTRODUCTORY SECTION:
 Letter of Transmittal                                                                   1
 Organizational Chart                                                                    7
 GFOA Certificate of Achievement for Excellence in Financial Reporting                   8
 ASBO Certificate of Excellence in Financial Reporting                                   9
 Synopsis of Administrative Responsibilities                                             10
 Precincts of the Board of Education                                                     11

FINANCIAL SECTION:
 Independent Auditor's Report                                                            13
 Management's Discussion and Analysis                                                    15
 Basic Financial Statements:
  Government-wide Financial Statements:
    Statement of Net Assets                                                              26
    Statement of Activities                                                              27
  Fund Financial Statements:
    Balance Sheet - Governmental Funds                                                   28
    Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net
     Assets                                                                              29
    Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental
      Funds                                                                              30
    Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund
     Balances of Governmental Funds to the Statement of Activities                       31
    Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and
      Actual - General Fund                                                              32
    Statement of Fund Net Assets - Proprietary Funds                                     33
    Statement of Revenues, Expenses, and Changes in Fund Net Assets - Proprietary
      Funds                                                                              34
    Statement of Fund Cash Flows - Proprietary Funds                                     35
    Statement of Fiduciary Net Assets - Fiduciary Fund                                   36
    Statement of Changes in Fiduciary Net Assets - Fiduciary Fund                        37
  Notes to the Basic Financial Statements                                                39
  Required Supplementary Information                                                     57
                                     ALPINE SCHOOL DISTRICT
                                          Table of Contents
                                      Year Ended June 30, 2009
                                                                                             Page

FINANCIAL SECTION (Continued):
 Combining and Individual Fund Statements and Schedules:
  Major Funds:
    Comparative Balance Sheets - General Fund                                                 60
    Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual-
      General Fund                                                                            61
    Schedule of Revenues - Compared to Budget - General Fund                                  62
    Schedule of Expenditures - Compared to Budget - General Fund                              63
    Comparative Balance Sheets - Debt Service Fund                                            67
    Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual -
      Debt Service Fund                                                                       68
    Comparative Balance Sheets - Capital Projects Fund                                        69
    Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual -
      Capital Projects Fund                                                                   70
  Nonmajor Special Revenue Funds:
    Combining Balance Sheet - Nonmajor Governmental Funds                                     72
    Combining Statement of Revenues, Expenditures, and Changes in Fund Balances -
     Nonmajor Governmental Funds                                                              73
    Comparative Balance Sheets - School Lunch                                                 74
    Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual -
      School Lunch                                                                            75
    Comparative Balance Sheets - Non K-12 Programs                                            76
    Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual -
      Non K-12 Programs                                                                       77
    Comparative Balance Sheets - Alpine Transition & Employment Center                        78
    Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual -
      Alpine Transition & Employment Center                                                   79
    Comparative Balance Sheets - Alpine School District Foundation                            80
    Comparative Statements of Revenues, Expenditures, and Changes in Fund Balances -
     Alpine School District Foundation                                                        81
    Comparative Balance Sheets - Student Activity Fund                                        82
    Schedule of Revenues, Expenditures, and Changes in Fund Balances -
      Student Activities Fund                                                                 83
                                      ALPINE SCHOOL DISTRICT
                                           Table of Contents
                                       Year Ended June 30, 2009
                                                                                         Page

FINANCIAL SECTION (Continued):
 Combining and Individual Fund Statements and Schedules (Continued):
  Internal Service Funds:
    Combining Statement of Fund Net Assets                                                86
    Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets             87
    Combining Statement of Cash Flows                                                     88


STATISTICAL SECTION (Unaudited):
  Financial Trends:
    Net Assets by Component - Last Nine Fiscal Years                                      89
    Changes in Net Assets - Last Nine Fiscal Years                                        90
    Fund Balances, Governmental Funds - Last Ten Fiscal Years                             93
    Changes in Fund Balances, Governmental Funds - Last Ten Fiscal Years                  94
  Revenue Capacity:
    Assessed Value and Estimated Actual Value of Taxable Property - Last Ten Tax Years    96
    Principal Property Tax Payers - Current Year and Nine Years Ago                       97
    Direct and Overlapping Property Tax Rates - Last Ten Tax Years                        98
    Property Tax Levies and Collections - Last Ten Tax Years                              99
  Debt Capacity:
    Ratios of Outstanding Debt Last - Ten Fiscal Years                                   100
    Overlapping and Underlying General Obligation Debt                                   101
    Debt Service Schedule of Outstanding General Obligation Bonds (Fiscal Year)          102
    General Obligation Legal Debt Limit and Estimated Additional Debt Incurring
     Capacity - Last Ten Years                                                           103
  Demographic and Economic Information:
     Demographic and Economic Statistics - Last Ten Fiscal Years                         104
     Principal Employers - Current Year and Nine Years Ago                               105
                                       ALPINE SCHOOL DISTRICT
                                            Table of Contents
                                        Year Ended June 30, 2009
                                                                                 Page

STATISTICAL SECTION (Unaudited) (Continued):
   Operating Information:
     Full-Time Equivalent (FTE) Employees - Last Ten Fiscal Years                106
     Expenditures by Function - General Fund - Last Ten Fiscal Years             108
     Expenditures by Function Per Pupil - General Fund - Last Ten Fiscal Years   109
     Nutrition Services - Facts and Figures - Last Ten Fiscal Years              110
     Student Enrollment Statistics - Last Ten Years                              112
     History of High School Graduates - Last Ten School Years                    113
     Budgeted Number of Students Per Teacher - Last Ten School Years             114
     Capital Asset Information                                                   116
     Teacher Full-Time Equivalents By Education Lane & Step                      118
     Teachers' Salary Schedule                                                   119
     Teacher Base Salaries - Last Ten Fiscal Years                               120
   Continuing Disclosure Information:
     Statement of Net Assets - Governmental Activities                           122
     General Fund - Comparative Balance Sheets                                   124
     General Fund - Comparative Statement of Revenues, Expenditures,
         and Changes in Fund Balances                                            126
     Historical Summaries of Taxable Values of Property                          128
                          ALPINE SCHOOL DISTRICT
                          Conversion Entries
                          Year Ended June 30, 2009

       Introduction        Accounts reported in the governmental funds and the internal service funds are converted and consolidated for
                          presentation as governmental activities in the government-wide financial statements.

                            1. Identify beginning balances of governmental full-accrual accounts

                             2. Convert data in the governmental funds from modified-accrual basis of accounting to the full-accrual basis of
                            accounting

                            3. Incorporate data from internal service funds into governmental activities

                            4. Eliminate certain interfund balances and activities


                          1. BEGINNING BALANCES                                                                       Dr.              (Cr.)

a. Capital assets     x   LAND                                                                                     43,320,521
                      x   CONSTRUCTION IN PROGRESS                                                                 76,487,357
                      x   BUILDINGS AND IMPROVEMENTS                                                              485,035,563
                      x   FURNITURE AND EQUIPMENT                                                                  25,628,377
                      x   WATER STOCK                                                                                 654,985
                      x       ACCUMULATED DEPRECIATION                                                                            (197,874,556)
                      x       NET ASSETS                                                                                          (433,252,247)

                          To record prior year-end governmental fund capital asset balances and related accumulated depreciation. Capital
                          assets in held by internal service funds are not included in this entry.


b. Long-term            NET ASSETS                                                                                400,587,043
     liabilities      x BOND ISSUANCE COSTS, net of accumulated amortization                                        2,141,102
                      x REFUNDING COSTS, net of accumulated amortization                                            2,553,547
                      x    GENERAL OBLIGATION BONDS                                                                               (382,210,000)
                      x    ACCRUED INTEREST PAYABLE (General obligation bonds)                                                      (4,861,362)
                      x    COMPENSATED ABSENCES PAYABLE                                                                             (1,927,512)
                      x    EARLY RETIREMENT PAYABLE                                                                                        -
                      x    BOND PREMIUM, net of accumulated amortization                                                           (12,158,367)
                      x    OBLIGATIONS UNDER CAPITAL LEASES                                                                         (4,120,000)
                      x    ACCRUED INTEREST PAYABLE (Obligations under capital leases)                                                  (4,451)

                          To record prior year-end balance of general long-term liabilities and related accrued interest.


c. Property taxes     x Deferred revenue - property taxes                                                            4,154,947
                      x     NET ASSETS                                                                                               (4,154,947)

                          To recognize property tax revenue when levied (claim to resources established) rather than when "available." This
                          is the prior year-end balance of delinquent property taxes receivable.

c 1.     Opeb             NET OTHER POSTEMPLOYEMENT BENEFIT ASSET                                                      200,542
                              NET ASSETS                                                                                               (200,542)
                          To record prior year-end opeb balance .

                          2. CONVERT TO ACCRUAL BASIS                                                                 Dr.              (Cr.)

d. Capital asset      x   LAND                                                                                        762,903
     additions        x   CONSTRUCTION IN PROGRESS                                                                 96,368,495
                      x   BUILDINGS AND IMPROVEMENTS                                                                7,389,665
                      x   FURNITURE AND EQUIPMENT                                                                   2,404,741    I put a dollar in this cell to ba
                      x   WATER STOCK                                                                                     -
                      x       WATER STOCK                                                                                                   -
                      x       CONSTRUCTION IN PROGRESS                                                                               (7,389,665)
                      x       Expenditures - Capital outlay                                                                         (99,536,139)

                          To capitalize current-year acquisitions and construction of capital assets that were recorded as expenditures in the
                          governmental funds.
                        ALPINE SCHOOL DISTRICT
                        Conversion Entries
                        Year Ended June 30, 2009

                        2. CONVERT TO ACCRUAL BASIS (Continued)

e. Current          x   Expenditures - instructional services                                                  11,025,371
     depreciation   x   Expenditures - district administration services                                            81,276
                    x   Expenditures - school administration services                                             679,802
                    x   Expenditures - business services                                                              -
                    x   Expenditures - operation and maintenance of facilities services                         1,479,186
                    x   Expenditures - transportation services                                                  1,974,519
                    x   Expenditures - central services                                                               -
                    x   Expenditures - school lunch services                                                      949,224
                    x       ACCUMULATED DEPRECIATION                                                                           (16,189,378)

                        To record current-year depreciation expense by function.


f.   New capital    x Other financing sources - computer capital lease                                                 -
       lease        x     OBLIGATIONS UNDER CAPITAL LEASES                                                                              -

                        To record new capital lease as a liability.


g. Capital lease    x OBLIGATIONS UNDER CAPITAL LEASES                                                          1,611,000
     payments       x    Expenditures - capital outlay                                                                           (1,611,000)


                        To record capital lease principal payments as a reduction of the lease liability.


h. Furniture and    x ACCUMULATED DEPRECIATION                                                                    469,404
     equipment      x Other financing sources - sale of equipment                                                     -
     deletions      x     FURNITURE AND EQUIPMENT                                                                                  (504,236)
                    x Expenditures - instructional services                                                        34,832

                        To record disposals of furniture and equipment during the year. Loss on disposal of furniture and equipment
                        charged to instructional services.


i.   Land and         ACCUMULATED DEPRECIATION                                                                        -
       building     x Other financing sources - sale of capital assets                                          5,729,088
       deletions    x     LAND                                                                                                     (949,723)
                    x     BUILDINGS AND IMPROVEMENTS                                                                                    -
                    x     GAIN ON SALE OF CAPITAL ASSETS                                                                         (4,779,365)

                        To record sales of land and building during the year. Gain on sale reported as a special item on statement of
                        activities.
                          ALPINE SCHOOL DISTRICT
                          Conversion Entries
                          Year Ended June 30, 2009

                          2. CONVERT TO ACCRUAL BASIS (Continued)                                                  Dr.          (Cr.)

j.   New bond           Capital outlay (new general obligation bond):
                      x Other financing sources - bond proceeds                                              68,000,000
                      x Other financing sources - bond premium                                                1,730,481
                      x     Expenditures - capital outlay                                                                       (714,918)
                      x BOND ISSUANCE COSTS                                                                        714,918
                      x     GENERAL OBLIGATION BONDS (issuance of bonds)                                                      (68,000,000)
                      x     BOND PREMIUM                                                                                       (1,730,481)
                        Debt Service (refunding):
                        Other financing sources - proceeds of refunding bonds                                            -
                        Other financing sources - bond premium                                                           -
                            Other financing uses - payment to refunded bond escrow agent                                                -
                            Expenditures - refunding bond issuance costs                                                                -

                              GENERAL OBLIGATION BONDS (issuance of refunding bonds)                                                    -
                          GENERAL OBLIGATION BONDS (bonds retired)
                          BOND ISSUANCE COSTS (new bonds)_                                                               -
                          BOND PREMIUM (to remove for bonds defeased)
                              BOND PREMIUM                                                                                              -
                              BOND ISSUANCE COSTS (to remove for bonds defeased)
                          Deferred Charge

                          To record bond issued and related issuance costs and premium.


k. Debt payments      x GENERAL OBLIGATION BOND                                                              30,815,000
                      x    Expenditures - Principal retirement                                                                (30,815,000)

                          To record bond principal payment as a reduction of the bond liability.


l.   Current          x Expenditures - capital outlay                                                              239,946
       amortization     Expenditures - debt service
                      x     BOND ISSUANCE COSTS                                                                                 (239,946)
                        Expenditures - interest and fiscal charges                                                 928,169
                      x     REFUNDING COSTS                                                                                     (928,169)
                      x BOND PREMIUM                                                                              1,494,792
                      x     Expenditures - interest and fiscal charges                                                         (1,494,792)

                          To record current amortization of bond issuance and refunding costs and bond premium.


m.       Interest     x       Expenditures - interest and fiscal charges                                           256,138
         payable      x       ACCRUED INTEREST PAYABLE (Obligation under capital leases)                             1,944
        adjustment    x       ACCRUED INTEREST PAYABLE (General obligation bonds)                                               (258,082)

                          To adjust interest payable accounts to current year-end balances.


n. Property tax       x       Deferred revenue - property taxes                                                   5,352,073
     adjustment       x       Revenues - property taxes                                                                        (5,352,073)

                          To recognize current deferrals of property taxes as revenue.


o. Compensated        x Expenditures - school administration services                                              174,859
     absences         x Expenditures - operation and maintenance of facilities services                             35,888
     adjustment       x     COMPENSATED ABSENCES PAYABLE                                                                        (210,747)

                          To adjust compensated absence liability to current year-end balance.
                           ALPINE SCHOOL DISTRICT
                           Conversion Entries
                           Year Ended June 30, 2009

                           2. CONVERT TO ACCRUAL BASIS (Continued)                                                      Dr.              (Cr.)

p. Early retirement x          Expenditures - instructional services                                                                             -
     adjustment     x          Expenditures - school administration services                                                                     -


                       x EARLY RETIREMENT PAYABLE ( Note special pay plan is not long term liability)                         -

                           To adjust early retirement liability to current year-end balance. This only relates to the early retirement under the old
                           plan. This was paid off 6-30-08, no entry this year.

q. OPEB                    NET OPEB ASSET (OBLIGATION)                                                                   797,619
    adjustment                Expendtures - instructional services                                                                        (797,619)

                           To adjust change in net OPEB asset (obligation) for the year. See RSI schedule of employer contributions and Note
                           6.



                           3. INTERNAL SERVICE FUNDS                                                                    Dr.              (Cr.)

r.   Add internal      x   Cash and investments                                                                        2,469,011
                       x   Accounts receivable.                                                                              251
       service funds   x   Inventories                                                                                   643,730
                       x   LAND                                                                                           15,701
                       x   BUILDINGS AND IMPROVEMENTS                                                                  1,140,581
                       x   FURNITURE AND EQUIPMENT                                                                       466,221
                       x       ACCUMULATED DEPRECIATION                                                                                   (747,886)
                       x       Accounts payable                                                                                            (20,132)
                       x       Claims Payable                                                                                             (361,004)
                       x       COMPENSATED ABSENCES PAYABLE                                                                                (24,254)
                       x       NET ASSETS                                                                                               (3,298,189)
                       x       Revenues - earnings on investments                                                                          (23,465)
                       x       Revenues - state aid                                                                                        (23,870)
                       x       Transfer in                                                                                                     -
                       x       Expenditures - instructional services                                                    (142,017)
                       x       Expenditures - district administration                                                    (94,678)

                           To add the current year-end balances of assets and liabilities of internal service funds and current net activities.
                           The District's internal service funds only serve governmental funds. Only the current operating income (loss) is
                           allocated to functions served to avoid duplication. Nonoperating items are also added. The net asset amount is the
                           prior year-end net balance of the internal service funds.


                           4. ELIMINATIONS AND RECLASSIFICATIONS                                                        Dr.              (Cr.)

s. Interfund           x Due to other funds                                                                            1,310,969
      balances         x     Due from other funds                                                                                       (1,310,969)


                           To eliminate interfund balances that remain outstanding between certain governmental funds and reclass
                           receivables from student activities agency fund at June 30, 2005.


t.   Indirect          x Revenues - other local sources                                                                  894,016
       costs           x     Expenditures - school lunch services                                                                         (894,016)
                       .
                         To reverse general fund indirect costs charged to school lunch.
ALPINE SCHOOL DISTRICT
TRIAL BALANCE - GOVERNMENTAL ACCOUNTS
                                                                                                             Statement of   Statement of Net
                        Account                         Trial Balance        Adjustments         Total        Activities         Assets
                                                           Dr. (Cr.)           Dr. (Cr.)        Dr. (Cr.)      Dr. (Cr.)        Dr. (Cr.)
ASSETS
 Cash and cash equivalents                                240,453,988 r.          2,469,011    242,922,999                      242,922,999
 Due from State government                                  1,035,275                            1,035,275                        1,035,275
 Due from Federal government                                3,989,149                            3,989,149                        3,989,149
 Due from other funds                                       1,310,969 s.         (1,310,969)           -                                -
 Property taxes receivable                                142,637,787                          142,637,787                      142,637,787
 Other local                                                  244,717 r.               251         244,968                          244,968
 Note receivable                                            2,153,459                            2,153,459                        2,153,459
 Inventories                                                  772,259 r.            643,730      1,415,989                        1,415,989
 BOND ISSUANCE COSTS, net of accumulated amortization                 b.          2,141,102      2,616,074                        2,616,074
                                                                      j.            714,918
                                                                      j.                -
                                                                      l.           (239,946)
 LAND                                                                 a.         43,320,521     43,149,402                       43,149,402
                                                                      i.           (949,723)
                                                                      d.            762,903
                                                                      r.             15,701
 CONSTRUCTION IN PROGRESS                                             a.         76,487,357    165,466,187                      165,466,187
                                                                      d.         96,368,495
                                                                      d.         (7,389,665)

 BUILDINGS AND IMPROVEMENTS                                             a.      485,035,563    493,565,809                      493,565,809
                                                                        d.        7,389,665
                                                                        i.              -
                                                                        r.        1,140,581

 FURNITURE AND EQUIPMENT                                                a.       25,628,377     27,995,103                       27,995,103
                                                                        d.        2,404,741
                                                                        h.         (504,236)
                                                                        r.          466,221

 WATER STOCK                                                            a.          654,985       654,985                           654,985
                                                                        d.              -
                                                                        d.              -
 ACCUMULATED DEPRECIATION                                               a.     (197,874,556) (214,342,416)                     (214,342,416)
                                                                        e.      (16,189,378)
                                                                        h.          469,404
                                                                        i.              -
                                                                        r.         (747,886)
 NET OPEB ASSET                                                         q.          797,619       998,161                           998,161
ALPINE SCHOOL DISTRICT
TRIAL BALANCE - GOVERNMENTAL ACCOUNTS
                                                                                                          Statement of   Statement of Net
                              Account               Trial Balance      Adjustments           Total         Activities         Assets
                                                       Dr. (Cr.)         Dr. (Cr.)          Dr. (Cr.)       Dr. (Cr.)        Dr. (Cr.)
                                                                    c1         200,542
LIABILITIES
  Accounts payable                                    (14,861,384) r.          (20,132)    (14,881,516)                      (14,881,516)
  Claims payable                                                   r.         (361,004)       (361,004)                         (361,004)
  ACCRUED INTEREST PAYABLE                                         b.       (4,861,362)     (5,121,951)                       (5,121,951)
                                                                   b.           (4,451)
                                                                   m.            1,944
                                                                   m.         (258,082)
 Accrued salaries                                     (37,774,358)                         (37,774,358)                      (37,774,358)
 Due to other funds                                    (1,310,969) s.        1,310,969             -                                 -
 Deferred revenue - local sources                      (1,885,019)                          (1,885,019)                       (1,885,019)
 Deferred revenue - property taxes                   (140,277,233) c.        4,154,947    (130,770,213)                     (130,770,213)
                                                                   n.        5,352,073
 Deferred revenue - state                             (17,314,388)                         (17,314,388)                      (17,314,388)
 Deferred revenue - federal                               (16,290)                             (16,290)                          (16,290)
 Other liabilities                                            -                                    -                                 -

 COMPENSATED ABSENCES PAYABLE                                       b.      (1,927,512)     (2,162,513)                       (2,162,513)
                                                                    o.        (210,747)
                                                                    r.         (24,254)
 EARLY RETIREMENT PAYABLE                                           b.             -                -                                -

                                                                    p.             -
 BOND PREMIUM, net of accumulated amortization                      b.     (12,158,367)    (12,394,056)                      (12,394,056)
                                                                    j.      (1,730,481)
                                                                    l.       1,494,792
 REFUNDING COSTS, net of accumulated amortization                   b.       2,553,547       1,625,378                         1,625,378
                                                                    j.             -
                                                                    l.        (928,169)
ALPINE SCHOOL DISTRICT
TRIAL BALANCE - GOVERNMENTAL ACCOUNTS
                                                                                              Statement of     Statement of Net
                            Account        Trial Balance      Adjustments         Total        Activities           Assets
                                              Dr. (Cr.)         Dr. (Cr.)       Dr. (Cr.)       Dr. (Cr.)           Dr. (Cr.)
 GENERAL OBLIGATION BONDS                                 b.    (382,210,000) (419,395,000)                        (419,395,000)
                                                          j.      (68,000,000)
                                                          j.              -
                                                          k.       30,815,000
 OBLIGATIONS UNDER CAPITAL LEASES                         b.       (4,120,000)  (2,509,000)                          (2,509,000)
                                                          f.              -
                                                          g.        1,611,000
NET ASSETS - BEGINNING                      (192,031,595) a.    (433,252,247) (232,350,477)                       (232,350,477)
                                                          b.     400,587,043
                                                          c.       (4,154,947)
                                                         c. 1        (200,542)
                                                          r.       (3,298,189)
REVENUES
 Property taxes                             (119,330,344) n.     (5,352,073) (124,682,417)     (124,682,417)
 Earnings on investments                      (5,676,165)                      (5,699,630)       (5,699,630)
                                                          r.        (23,465)
 School lunch sales                           (7,908,196)                      (7,908,196)       (7,908,196)
 Other local sources                         (20,965,509) t.        894,016   (20,071,493)      (20,071,493)
 State aid                                  (247,764,341) r.        (23,870) (247,788,211)     (247,788,211)
 Federal aid                                 (48,087,481)                     (48,087,481)      (48,087,481)
 Gain on sale of capital assets                           i.     (4,779,365)   (4,779,365)       (4,779,365)
EXPENDITURES/ EXPENSES
 Instructional services                      268,325,673 e.      11,025,371    278,446,240     278,446,240
                                                         g.             -
                                                         h.          34,832
                                                         p.             -
                                                         q.        (797,619)
                                                         r.        (142,017)
 Students                                     10,289,459                        10,289,459       10,289,459
 Instructional staff                          13,846,831                        13,846,831       13,846,831
 District administration                       1,278,059 e.          81,276      1,264,657        1,264,657
                                                         r.         (94,678)
 School administration                        20,108,793 e.         679,802     20,963,454       20,963,454
                                                         o.         174,859
                                                         p.             -
 Business                                      1,841,221 e.             -        1,841,221        1,841,221
 Operation and maintenance of facilities      25,875,703 e.       1,479,186     27,390,777       27,390,777
                                                         o.          35,888
 Transportation                               11,958,027 e.       1,974,519     13,932,546       13,932,546
 Central services                              5,409,656 e.             -        5,409,656        5,409,656
ALPINE SCHOOL DISTRICT
TRIAL BALANCE - GOVERNMENTAL ACCOUNTS
                                                                                            Statement of     Statement of Net
                               Account   Trial Balance      Adjustments          Total       Activities           Assets
                                            Dr. (Cr.)         Dr. (Cr.)        Dr. (Cr.)      Dr. (Cr.)          Dr. (Cr.)
 School lunch services                       19,136,438 e.          949,224    19,191,646      19,191,646
                                                         t.        (894,016)
 Capital outlay                             111,752,364 d.      (99,536,139)   10,845,171      10,845,171
                                                         g.      (1,611,000)
                                                         l.         239,946
 Principal retirement                        30,815,000 k.      (30,815,000)          -               -
 Interest and fiscal charges                 16,713,096 l.          928,169    16,402,611      16,402,611
                                                         l.      (1,494,792)
                                                         l.             -
                                                         m.         256,138
                                                         r.             -
 Bond selling expenses                           714,918 j.        (714,918)          -               -
                                                         j.             -
OTHER FINANCING SOURCES/USES
 Transfers                                          -      r.          -              -               -
 Bond proceeds                              (68,000,000)   j.   68,000,000            -               -
 Bond premium                                (1,730,481)   j.    1,730,481            -               -
 Proceeds of refunding bonds                        -      j.          -              -               -
 Payment to refunded bond escrow agent              -      j.          -              -               -
 Bus capital lease                                  -      f.          -              -               -
 Sale of capital assets                      (5,729,088)   i.    5,729,088            -               -
CHANGE IN NET ASSETS                                -                   -             -       (39,192,524)        39,192,524
                                              ALPINE SCHOOL DISTRICT
                                                Statement of Net Assets
                                                     June 30, 2009

                                                                                                                Governmental
                                                                                                                  Activities
Assets:
 Cash and investments                                                                                           $ 242,922,999
 Receivables:
   Property taxes                                                                                                 142,637,787
   Other local                                                                                                        244,968
   State                                                                                                            1,035,275
   Federal                                                                                                          3,989,149
 Notes receivable                                                                                                   2,153,459
 Inventories                                                                                                        1,415,989
 Bond issuance costs, net of accumulated amortization                                                               2,616,074
 Net other postemployment benefit asset                                                                               998,161
 Capital assets:
   Land, construction in progress, and water stock                                                                209,270,574
   Other capital assets, net of accumulated depreciation                                                          307,218,496
      Total assets                                                                                                914,502,931

Liabilities:
  Accounts payable                                                                                                 14,881,516
  Claims payable                                                                                                      361,004
  Accrued interest                                                                                                  5,121,951
  Accrued salaries                                                                                                 37,774,358
  Unearned revenue:
    Property taxes                                                                                                130,770,213
    Other local                                                                                                     1,885,019
    State                                                                                                          17,314,388
    Federal                                                                                                            16,290
  Noncurrent liabilities:
    Portion due and payable within one year                                                                        33,046,262
    Portion due and payable after one year                                                                        401,788,929
      Total liabilities                                                                                           642,959,930

Net Assets:
 Invested in capital assets, net of related debt                                                                  164,908,707
 Restricted for:
    Debt service                                                                                                    1,081,805
    Capital projects                                                                                               44,778,941
    School lunch                                                                                                    6,488,505
    Non K-12 programs                                                                                                 554,940
    Alpine Transition & Employment Center                                                                              45,272
    Foundation                                                                                                      2,839,640
    Student activities                                                                                              6,598,860
 Unrestricted                                                                                                      44,246,331
      Total net assets                                                                                          $ 271,543,001




                          The notes to the basic financial statements are an integral part of this statement.
ALPINE SCHOOL DISTRICT
Calculation of Net Asset Balances
June 30, 2009

                                                                                                                                                                                                                Invested in
                                                                                                                        Restricted Net Assets                                                                  Capital Assets
                                                                       School          Non K-12                                                 Student       Capital          Debt                            Net of Related
                                                                       Lunch           Programs            ATEC              Foundation         Activity      Projects        Service       Unrestricted           Debt            Total

Fund Balances (from Balance Sheets of Governmental Funds):
   General fund                                                                                                                                                                              38,297,812                          38,297,812
   School Lunch                                                       6,488,505                                                                                                                                                   6,488,505
   Non K-12 Programs                                                                      420,222                                                                                                                                   420,222
   ATEC                                                                                                        45,272                                                                                                                45,272
   Foundation                                                                                                                 2,839,640                                                                                           2,839,640
   Student Activity                                                                                                                             6,598,860                                                                         6,598,860
   Capital Projects                                                                                                                                         122,132,882                                                         122,132,882
   Debt Service                                                                                                                                                              2,334,769                                            2,334,769
                                                                                                                                                                                                                                179,157,962
Adjustments (from Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Assets):
   Net OBEB asset (obligation)                                                                                                                                                                  998,161                              998,161
   Capital assets, net of depreciation                                                                                                                                                                          515,614,453      515,614,453
   Deferred revenue, net                                                                  134,718                                                             1,437,437       3,553,850        4,381,015                           9,507,020
   Accrued interest on bonds and capital leases                                                                                                                  (2,507)     (5,119,444)                                          (5,121,951)
   Bond issuance costs, net                                                                                                                                   2,303,444         312,630                                            2,616,074
   Internal service funds                                                                                                                                                                      2,707,602            874,617        3,582,219
   Long-term liabilities, governmental funds                                                                                                                                                  (2,138,259)      (432,672,678)    (434,810,937)

Reclassifications:
   Unspent proceeds from capital leases                                                                                                                                                                                 -                  -
   Unspent proceeds from bonds                                                                                                                              (81,092,315)                                   -     81,092,315                -
Net assets (to Statement of Net Assets)                               6,488,505           554,940              45,272         2,839,640   6,598,860         44,778,941     1,081,805          44,246,331        164,908,707     271,543,001
                                                                                                                                        9800.88 Desig for Constuction Commitments          42,655,554.00
                                                                                                                                        9500.95.9809.30. bond proceeds in equity           13,451,211.00
                                                                                                                                        9500.95.9810.30 bond proceeds in equity            24,985,550.00
Note: This spreadsheet is used to reconcile fund balances-governmental funds to net assets-governmental activities. Not included with financial statements.                                81,092,315.00
                                                                       2004
                                                                    Refunding             Net                                                                 Amortization
                                                     Bond costs     Adjustment         Bond costs          2000                 2001                           2002            2003            2004                2005            2006         2007      2008       2009     Acc. Amort               Net
                                           1999         165,242         (57,452)          107,790          7,130.00              10,066                         10,066          10,066           10,066              10,066          10,066     10,066    10,066     10,066      97,724                10,066
                                   2001Refunding        150,316                           150,316                                 6,975                         25,111          25,111           25,110              25,111          25,111     17,787       -          -       150,316                   -
                                          2001A         251,807          (80,607)         171,200                                                               17,120          17,120           17,120              17,120          17,120     17,120    17,120     17,120     136,960                34,240
                                           2003         394,963                           394,963                                                                   -            3,328           26,627              26,627          26,627     26,627    26,627     26,627     163,090               231,873
                                   2003Refunding        463,056        (115,766)          347,290                                                                               32,470           33,882              33,882          33,882     33,882    33,882     33,882     235,762               111,528
                                 2004A Refunding        361,484                           361,484                                                                                                10,492              29,978          29,978     29,978    29,978     29,978     160,382               201,102
                                           2004         264,393                           264,393                                                                                                 2,575              20,602          20,602     20,602    20,602     20,602     105,585               158,808
                                           2005         165,971                           165,971                                                                                                                     3,897          12,753     12,753    12,753     12,753      54,909               111,062
                                           2007         652,253                           652,253                                                                                                                                               18,841    43,065     43,065     104,971               547,282
                                           2008         559,042                           559,042                                                                                                                                                         17,994     36,785      54,779               504,263
                                           2009         714,918                           714,918                                                                                                                                                                     9,068       9,068               705,850
                                                      4,143,445        (253,825)        3,889,620               7,130            17,041                          52,297         88,095          125,872             167,283         176,139     187,656   212,087   239,946    ########          -   ########

                                                                                                                                                                                                                                                                              Debt service            312,630
                                                                                                                                                                                                                                                                              Capital projects       ########
                                                                                                                                                                                                                                                                                                     ########
                                                  ALPINE SCHOOL DISTRICT
                                                     Statement of Activities
                                                    Year Ended June 30, 2009

                                                                                                                        Net (Expense)
                                                                                                                        Revenue and
                                                                                                                         Changes in
                                                                                Program Revenues                         Net Assets
                                                                                   Operating       Capital                  Total
                                                               Charges for        Grants and      Grants and            Governmental
    Activities and Functions                Expenses            Services         Contributions   Contributions            Activities

Governmental activities:
 Instructional services                  $ 289,291,411         $ 6,953,097       $ 106,205,358         $    4,359,423   $ (171,773,533)
 Supporting services:
   Students                                  10,289,459                  -             3,408,681                    -      (6,880,778)
   Instructional staff                       13,846,831                8,509           1,433,246                    -     (12,405,076)
   District administration                    1,264,657                  -                   -                      -      (1,264,657)
   School administration                     20,963,454                  -               587,218                    -     (20,376,236)
   Business                                   1,841,221                  -               226,200                    -      (1,615,021)
   Operation and maintenance
      of facilities                          27,390,777                 -               772,118                     -     (26,618,659)
   Transportation                            13,932,546             676,547           8,870,405                     -      (4,385,594)
   Central                                    5,409,656                 -               180,684                     -      (5,228,972)
 School lunch services                       19,191,646           7,908,196          10,603,164                     -        (680,286)
 Interest on long-term liabilities           16,402,611                 -                   -                       -     (16,402,611)
      Total school district              $ 419,824,269         $ 15,546,349      $ 132,287,074        $     4,359,423    (267,631,423)

                                         General revenues:
                                           Property taxes levied for:
                                             Basic state supported program for regular K-12 instruction                    22,084,883
                                             Voted leeway for regular K-12 instruction                                     25,936,487
                                             School board leeway for class-size reduction                                   6,908,151
                                             Special transportation                                                         2,173,153
                                             Tort liability                                                                   353,358
                                             Recreation                                                                     1,766,791
                                             Debt service for general obligation bonds                                     46,607,938
                                             Capital outlay for buildings and other capital needs                           6,166,099
                                             Ten percent of the basic for supplies and capital needs                       12,685,557
                                           Federal and state aid not restricted to specific purposes                      159,229,195
                                           Earnings on investments                                                          5,699,630
                                           Miscellaneous                                                                   12,433,340
                                         Special item - gain on sale of land                                                4,779,365
                                             Total general revenues and special item                                      306,823,947
                                                Change in net assets                                                       39,192,524

                                         Net assets - beginning                                                           232,350,477
                                         Net assets - ending                                                            $ 271,543,001




                              The notes to the basic financial statements are an integral part of this statement.
                                                     ALPINE SCHOOL DISTRICT
                                                           Balance Sheet
                                                        Governmental Funds
                                                           June 30, 2009
                                                                     Major Funds                                 Other              Total
                                                                        Debt                 Capital          Governmental       Governmental
                                                    General            Service               Projects            Funds              Funds
Assets:
  Cash and investments                          $ 86,701,836         $    1,449,454       $ 132,443,498       $ 19,859,200       $ 240,453,988
  Receivables:
    Property taxes                                   67,883,858          52,593,739          20,300,953              1,859,237     142,637,787
    Other local                                         225,651                 -                   -                   19,066         244,717
    State                                               355,179                 -                   -                  680,096       1,035,275
    Federal                                           3,726,969                 -                   -                  262,180       3,989,149
  Notes receivable                                          -                   -             2,153,459                    -         2,153,459
  Due from other funds                                1,304,001                 -                   -                    6,968       1,310,969
  Inventories                                               -                   -                   -                  772,259         772,259
        Total assets                            $ 160,197,494        $ 54,043,193         $ 154,897,910       $ 23,459,006       $ 392,597,603

Liabilities and fund balances:
Liabilities:
  Accounts payable                              $     1,844,600      $           -        $ 12,795,287        $        221,497   $ 14,861,384
  Accrued salaries                                   37,774,358                  -                 -                       -       37,774,358
  Due to other funds                                      6,968                  -                 -                 1,304,001      1,310,969
  Unearned revenue:
    Property taxes                                   66,800,842          51,708,424          19,942,650              1,825,317     140,277,233
    Other local                                         270,540                 -                 5,559              1,608,920       1,885,019
    State                                            15,202,374                 -                21,532              2,090,482      17,314,388
    Federal                                                 -                   -                   -                   16,290          16,290
      Total liabilities                             121,899,682          51,708,424          32,765,028              7,066,507     213,439,641
Fund Balances:
  Reserved for:
    Encumbrances                                        79,001                   -            2,338,652               657,204        3,074,857
    Notes receivable                                       -                     -            2,153,459                   -          2,153,459
    Inventories                                            -                     -                  -                 772,259          772,259
    Construction commitments                               -                     -           42,665,554                   -         42,665,554
  Unreserved:
    Designated, reported in:
      General fund for:
        Undistributed reserve                        16,000,000                  -                    -                    -        16,000,000
        School allocation for textbooks               1,885,431                  -                    -                    -         1,885,431
        Compensated absences                          2,109,676                  -                    -                    -         2,109,676
        Retirement healthcare benefit                12,428,561                  -                    -                    -        12,428,561
      Special revenue funds for:
        School lunch contingencies                          -                    -                    -              1,125,000       1,125,000
        Compensated absences                                -                    -                    -                 28,584          28,584
        Schools                                             -                    -                    -              2,720,151       2,720,151
    Undesignated, reported in:
      General fund                                    5,795,143                 -                   -                      -         5,795,143
      Debt service fund                                     -             2,334,769                 -                      -         2,334,769
      Capital projects fund                                 -                   -            74,975,217                    -        74,975,217
      Special revenue funds                                 -                   -                   -               11,089,301      11,089,301
        Total fund balances                          38,297,812           2,334,769         122,132,882             16,392,499     179,157,962
          Total liabilities and fund
           balances                             $ 160,197,494        $ 54,043,193         $ 154,897,910       $ 23,459,006       $ 392,597,603




                              The notes to the basic financial statements are an integral part of this statement.
                                       ALPINE SCHOOL DISTRICT
                         Reconciliation of the Balance Sheet of Governmental Funds
                                        to the Statement of Net Assets
                                                 June 30, 2009

Total fund balances for governmental funds                                                                    $ 179,157,962

Total net assets reported for governmental activities in the statement of net assets is different because:

  Capital assets used in governmental funds are not financial resources and therefore are not reported in
  the funds. Those assets consist of:

        Land                                                                                 $ 43,133,701
        Construction in progress                                                              165,466,187
        Water stock                                                                               654,985
        Buildings and improvements, net of $196,391,908 accumulated depreciation              296,033,320
        Furniture and equipment, net of $17,202,621 accumulated depreciation                   10,326,260      515,614,453

  Net OPEB asset is not reported in the governmental funds. This amount represents accumulated plan
  contributions in excess of annual OPEB costs.                                                                    998,161

  Some of the District's property taxes will be collected after year-end, but are not available soon
  enough to pay for the current period's expenditures, and therefore are reported as unearned revenue in
  the funds.                                                                                                      9,507,020

  Interest on long-term debt is not accrued in governmental funds, but rather is recognized as an
  expenditure when due.                                                                                          (5,121,951)

  Bond issuance costs are reported as expenditures in the governmental funds. The cost is $3,889,620
  and accumulated amortization is $1,273,546.                                                                     2,616,074

  Internal service funds are used by management to charge the costs of industrial insurance and school
  services to individual funds. The assets and liabilities of the internal service funds are included in
  governmental activities in the statement of net assets. Internal service fund net assets at year-end are:       3,582,219

  Long-term liabilities that pertain to governmental funds, including bonds payable, are not due and
  payable in the current period and therefore are not reported as fund liabilities. All liabilities - both
  current and long-term - are reported in the statement of net assets. Balances at year-end are:

        Bonds payable                                                                         (419,395,000)
        Unamortized premiums                                                                   (12,394,056)
        Deferred amounts on refunding                                                            1,625,378
        Obligations under capital leases                                                        (2,509,000)
        Compensated absences payable                                                            (2,138,259)    (434,810,937)
Total net assets of governmental activities                                                                   $ 271,543,001




                       The notes to the basic financial statements are an integral part of this statement.
                                          ALPINE SCHOOL DISTRICT
                         Statement of Revenues, Expenditures, and Changes in Fund Balances
                                                Governmental Funds
                                             Year Ended June 30, 2009

                                                               Major Funds                                 Other             Total
                                                                  Debt                 Capital          Governmental      Governmental
                                             General             Service               Projects            Funds             Funds
Revenues:
 Property taxes                            $ 54,989,695       $ 44,607,262         $ 18,042,437         $    1,690,950    $ 119,330,344
 Earnings on investments                      2,141,497            441,892            2,615,901                476,875        5,676,165
 School lunch sales                                 -                  -                    -                7,908,196        7,908,196
 Other local sources                          5,161,311                -                791,882             15,012,316       20,965,509
 State aid                                  238,277,535                -              4,366,873              5,119,933      247,764,341
 Federal aid                                 39,305,516                -                    -                8,781,965       48,087,481
      Total revenues                        339,875,554           45,049,154           25,817,093           38,990,235      449,732,036

Expenditures:
 Current:
   Instructional services                   244,435,135                    -            4,972,000           18,918,538      268,325,673
   Supporting services:
     Students                                10,289,459                    -                   -                   -         10,289,459
     Instructional staff                     13,846,831                    -                   -                   -         13,846,831
     District administration                  1,278,059                    -                   -                   -          1,278,059
     School administration                   20,108,793                    -                   -                   -         20,108,793
     Business                                 1,841,221                    -                   -                   -          1,841,221
     Operation and maintenance
        of facilities                        25,569,198                    -                  -                306,505       25,875,703
     Transportation                          11,958,027                    -                  -                    -         11,958,027
     Central                                  5,409,656                    -                  -                    -          5,409,656
   School lunch services                            -                      -                  -             19,136,438       19,136,438
 Capital outlay                                     -                      -          111,752,364                  -        111,752,364
 Debt service:
   Principal retirement                               -           30,815,000                  -                    -         30,815,000
   Interest and fiscal charges                        -           16,713,096                  -                    -         16,713,096
   Bond selling expenditures                          -                  -                714,918                  -            714,918
      Total expenditures                    334,736,379           47,528,096          117,439,282           38,361,481      538,065,238
    Excess (deficiency) of revenues
      over (under) expenditures                5,139,175           (2,478,942)        (91,622,189)             628,754      (88,333,202)

Other financing sources (uses):
 Transfers in                                    415,078                   -            3,095,015              150,000        3,660,093
 Transfers out                                (3,245,015)                  -                  -               (415,078)      (3,660,093)
 General obligation bonds issued                     -                     -           68,000,000                  -         68,000,000
 Bond premium                                        -                     -            1,730,481                  -          1,730,481
 Proceeds from sale of capital assets                -                     -            5,729,088                  -          5,729,088
    Total other financing sources (uses)      (2,829,937)                  -           78,554,584             (265,078)      75,459,569
      Net change in fund balances              2,309,238           (2,478,942)        (13,067,605)             363,676      (12,873,633)

Fund balances - beginning                    35,988,574             4,813,711         135,200,487           16,028,823      192,031,595
Fund balances - ending                     $ 38,297,812       $     2,334,769      $ 122,132,882        $ 16,392,499      $ 179,157,962




                             The notes to the basic financial statements are an integral part of this statement.
                                            ALPINE SCHOOL DISTRICT
                     Reconciliation of the Statement of Revenues, Expenditures, and Changes in
                        Fund Balances of Government Funds to the Statement of Activities
                                               Year Ended June 30, 2009

Net change in fund balances-total governmental funds                                                                          $ (12,873,633)
Amounts reported for governmental activities in the statement of activities are different because:

  Governmental funds report capital outlays as expenditures. However, in the statement of activities, assets with an
  initial individual cost of more than $5,000 for furniture and equipment and $100,000 for buildings and
  improvements are capitalized and the cost is allocated over their estimated useful lives and reported as depreciation
  expense. This is the amount by which capital outlays exceeded depreciation in the current period.

        Capital outlays                                                                                  $    99,536,139
        Gain on sale of land and buildings                                                                     4,779,365
        Loss on disposal of furniture and equipment                                                              (34,832)
        Proceeds from sales of capital assets                                                                 (5,729,088)
        Depreciation expense                                                                                 (16,189,378)        82,362,206

  The governmental funds report OPEB contributions as expenditures when paid. However, in the statement of
  activities, differences between OPEB plan contributions and OPEB costs for the year are accrued.                                 797,619

  Some capital asset additions are financed through capital leases. In governmental funds, a capital lease arrangement
  is considered a source of financing, but in the statement of net assets, the lease obligation is reported as a liability.
  Repayment of capital lease principal is an expenditure in the governmental funds, but repayment reduces the lease
  obligation in the statement of net assets.

        Principal payments of capital leases                                                                   1,611,000
        Interest expense - capital leases                                                                          1,944          1,612,944

  The governmental funds report bond proceeds as financing sources, while repayment of bond principal is reported
  as an expenditure. In the statement of net assets, however, issuing debt increases long-term liabilities and does not
  affect the statement of activities and repayment of principal reduces the liability. Also, governmental funds report
  the effect of issuance costs and premiums when debt is first issued, whereas these amounts are deferred and
  amortized in the statement of activities. Interest is recognized as an expenditure in the governmental funds when it
  is due. In the statement of activities, however, interest expense is recognized as it accrues, regardless of when it is
  due. The net effect of these differences in the treatment of general obligation bonds and related items is as follows:

        General obligation bonds issued                                                                      (68,000,000)
        Bond premium                                                                                          (1,730,481)
        Amortization of bond refunding costs                                                                    (213,251)
        Repayment of bond principal                                                                           30,815,000
        Interest expense - general obligation bonds                                                             (258,082)
        Amortization of bond issuance costs                                                                     (239,946)
        Amortization of bond premium                                                                           1,494,792        (38,131,968)


  Property tax revenue is recognized when levied (claim to resources established) rather than when available. The
  portion not available soon enough to pay for the current period's expendidures is deferred in the funds.                        5,352,073

  In the statement of activities, certain operating expenses - compensated absences (vacations) and termination
  benefits (early retirement) - 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 (essentially, the
  amounts actually paid). During this year, compensated absences payable increased by $210,747.                                    (210,747)

  Internal service funds are used by the District to charge the costs of industrial insurance and school services to
  individual funds. The net revenue of the internal service funds is reported with governmental activities.                        284,030
Change in net assets of governmental activities                                                                               $ 39,192,524




                              The notes to the basic financial statements are an integral part of this statement.
                                 ALPINE SCHOOL DISTRICT
      Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
                                          General Fund
                                    Year Ended June 30, 2009



                                                           Budgeted Amounts                        Actual        Variance with
                                                        Original        Final                     Amounts        Final Budget
Revenues:
 Property taxes                                      $ 57,830,886         $ 55,825,923         $ 54,989,695      $      (836,228)
 Earnings on investments                                3,790,000            2,200,000            2,141,497              (58,503)
 Other local sources                                    3,567,964            5,176,279            5,161,311              (14,968)
 State aid                                            257,804,811          266,889,099          238,277,535          (28,611,564)
 Federal aid                                           18,683,603           22,646,367           39,305,516           16,659,149
        Total revenues                                  341,677,264          352,737,668         339,875,554         (12,862,114)

Expenditures:
 Current:
   Instructional services                               248,876,733          257,958,841         244,435,135         13,523,706
   Supporting services:
     Students                                            10,266,587           10,717,231           10,289,459           427,772
     Instructional staff                                 15,283,811           14,554,621           13,846,831           707,790
     District administration                              1,328,318            1,338,101            1,278,059            60,042
     School administration                               20,693,127           20,468,769           20,108,793           359,976
     Business                                             1,843,312            1,890,804            1,841,221            49,583
     Operation and maintenance of facilities             28,785,530           28,591,672           25,569,198         3,022,474
     Transportation                                      13,252,437           12,654,286           11,958,027           696,259
     Central                                              5,865,767            5,785,420            5,409,656           375,764
        Total expenditures                              346,195,622          353,959,745         334,736,379         19,223,366
    Excess (deficiency) of revenues over
     (under) expenditures                                (4,518,358)          (1,222,077)           5,139,175         6,361,252

Other financing sources (uses):
 Transfer in                                                200,000              415,078              415,078                -
 Transfer out                                              (150,000)            (150,000)          (3,245,015)        (3,095,015)
    Net change in fund balances                          (4,468,358)            (956,999)           2,309,238         3,266,237

Fund balances - beginning                                34,395,111           35,988,574           35,988,574                -
Fund balances - ending                               $ 29,926,753         $ 35,031,575         $ 38,297,812      $    3,266,237




                      The notes to the basic financial statements are an integral part of this statement.
                                           ALPINE SCHOOL DISTRICT
                                            Statement of Fund Net Assets
                                                 Proprietary Funds
                                                   June 30, 2009

                                                                                                              Governmental
                                                                                                               Activities -
                                                                                                                 Internal
                                                                                                              Service Funds

Assets:
Current assets:
 Cash and investments                                                                                         $   2,469,011
 Accounts receivable                                                                                                    251
 Inventories                                                                                                        643,730
    Total current assets                                                                                          3,112,992
Noncurrent assets:
 Capital assets:
   Land                                                                                                              15,701
   Buildings                                                                                                      1,140,581
   Equipment                                                                                                        466,221
   Accumulated depreciation                                                                                        (747,886)
      Net capital assets                                                                                           874,617
        Total assets                                                                                              3,987,609

Liabilities:
Current liabilities:
  Accounts payable                                                                                                  20,132
  Claims payable                                                                                                   361,004
  Compensated absences payable                                                                                      24,254
    Total current liabilities                                                                                      405,390

Net assets:
 Invested in capital assets                                                                                         874,617
 Unrestricted                                                                                                     2,707,602
        Total net assets                                                                                      $   3,582,219




                        The notes to the basic financial statements are an integral part of this statement.
                                   ALPINE SCHOOL DISTRICT
                  Statement of Revenues, Expenses, and Changes in Fund Net Assets
                                         Proprietary Funds
                                     Year Ended June 30, 2009

                                                                                                             Governmental
                                                                                                              Activities -
                                                                                                                Internal
                                                                                                             Service Funds

Operating revenues:
 Charges for services                                                                                        $   1,663,846

Operating expenses:
 Salaries                                                                                                         392,681
 Employee benefits                                                                                                191,426
 Medical fees                                                                                                     391,298
 Compensation claim payments                                                                                       70,971
 Insurance                                                                                                         91,362
 Purchased services                                                                                               114,793
 Supplies and materials                                                                                           109,896
 Depreciation                                                                                                      64,724
    Total operating expenses                                                                                     1,427,151
      Operating income                                                                                            236,695

Nonoperating income (expense):
 Earnings on investments                                                                                           23,465
 State aid                                                                                                         23,870
    Total nonoperating income (expense)                                                                             47,335
      Change in net assets                                                                                        284,030

Total net assets - beginning                                                                                     3,298,189
Total net assets - ending                                                                                    $   3,582,219




                     The notes to the basic financial statements are an integral part of these statements.
                                           ALPINE SCHOOL DISTRICT
                                           Statement of Fund Cash Flows
                                                 Proprietary Funds
                                              Year Ended June 30, 2009

                                                                                                             Governmental
                                                                                                              Activities -
                                                                                                                Internal
                                                                                                             Service Funds

Cash flows from operating activities:
 Receipts from interfund services provided                                                                   $   1,663,595
 Payments to suppliers                                                                                            (520,483)
 Payments for medical fees and insurance claims                                                                   (356,589)
 Payments to employees                                                                                            (580,345)
    Net cash provided by operating activities                                                                     206,178

Cash flows from noncapital financing activities:
 Receipt of state aid                                                                                              23,870

Cash flows from capital and related financing activities:
 Acquisition of capital assets                                                                                     (55,308)

Cash flows from investing activities:
 Interest received                                                                                                 23,465
      Net change in cash and cash equivalents                                                                     198,205

Cash and cash equivalents - beginning                                                                            2,270,806
Cash and cash equivalents - ending                                                                           $   2,469,011

  Displayed on statements of net assets as:
   Cash and investments                                                                                      $   2,469,011

Reconciliation of operating loss to net cash provided by operating activities:
 Operating income                                                                                            $    236,695
 Adjustments to reconcile operating loss to net cash provided by
   operating activities:
     Depreciation expense                                                                                           64,724
     Increase in accounts receivable                                                                                  (251)
     Decrease in inventories                                                                                      (178,595)
     Increase in accounts payable                                                                                  (25,837)
     Increase in claims payable                                                                                    105,680
     Increase in compensated absences payable                                                                        3,762
        Total adjustments                                                                                          (30,517)
  Net cash provided by operating activities                                                                  $    206,178

Noncash investing, capital, and financing activities:                                                            none




                       The notes to the basic financial statements are an integral part of this statement.
                                         ALPINE SCHOOL DISTRICT
                                        Statement of Fiduciary Net Assets
                                                Fiduciary Fund
                                                  June 30, 2009

                                                                                                               Post-
                                                                                                             Retirement
                                                                                                              Benefits
                                                                                                             Trust Fund
Assets:
 Investments, at fair value                                                                                 $ 18,355,022

Liabilities:
   Accounts payable and other                                                                                        -
Net assets held in trust for other postemployment benefits                                                  $ 18,355,022




                      The notes to the basic financial statements are an integral part of this statement.
                                        ALPINE SCHOOL DISTRICT
                                  Statement of Changes in Fiduciary Net Assets
                                                Fiduciary Fund
                                            Year Ended June 30, 2009

                                                                                                                 Post-
                                                                                                               Retirement
                                                                                                                Benefits
                                                                                                               Trust Fund

Additions:
 Employer contributions                                                                                       $ 16,579,343
      Total additions                                                                                           16,579,343

Deductions:
 Benefits                                                                                                        6,410,408

Change in Fair value:
   Net depreciation in fair value of investments                                                                 (1,101,247)
      Net increase                                                                                               9,067,688

Net assets held in trust for other postemployment benefits - beginning                                           9,287,334
Net assets held in trust for other postemployment benefits - ending                                           $ 18,355,022




                        The notes to the basic financial statements are an integral part of this statement.
                                          ALPINE SCHOOL DISTRICT
                                       Required Supplementary Information


                                            Schedule of Funding Progress

                                       Actuarial
                                        Accrued                                                                  UAAL as a
                    Actuarial           Liability         Unfunded                                               Percentage
 Actuarial          Value of            (AAL) -             AAL                Ratio            Covered          of Covered
 Valuation           Assets            Entry Age          (UAAL)              Funded            Payroll            Payroll
   Date                (a)                 (b)             (b - a)             (a / b)            (c)            ([b - a] / c)

July 1, 2007    $          -        $ 170,407,457       $ 170,407,457             0.0%      $ 123,000,000               138.5%
July 1, 2009        18,355,022        128,337,556         109,982,534            14.3%        129,000,000                85.3%




                                        Schedule of Employer Contributions

                                                                            Percentage
                                                                            of Annual
                                                           Annual            Required
                                                          Required         Contribution         Net OPEB
                                                         Contribution      Contributed            Asset

               Year Ended June 30, 2008                 $ 15,793,757            101.3%      $      200,542
               Year Ended June 30, 2009                   15,781,724            105.1%             998,161




The District implemented GASB 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other
Than Pension, during the year ended June 30, 2008. The first actuarial valuation for the District's other postemployment
benefits (OPEB) plan was obtained as of July 1, 2007. The District also created a post-retirement benefits trust to fund the
District's OPEB obligations. The trust is reported as a fiduciary fund of the District and follows the guidance of GASB
Statement 43, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans.
                                             ALPINE SCHOOL DISTRICT
                                              Comparative Balance Sheets
                                                    General Fund
                                                June 30, 2009 and 2008

                                                                                 2009              2008
Assets:
 Cash and investments                                                      $ 86,701,836      $ 79,507,700
 Receivables:
   Property taxes                                                               67,883,858        61,893,659
   Other local                                                                     225,651           129,295
   State                                                                           355,179           370,938
   Federal                                                                       3,726,969         6,417,585
 Due from other funds                                                            1,304,001         1,337,378
       Total assets                                                        $ 160,197,494     $ 149,656,555

Liabilities and fund balances:
Liabilities:
  Accounts payable                                                         $     1,844,600   $     2,266,839
  Accrued salaries                                                              37,774,358        33,320,885
  Due to other funds                                                                 6,968            24,183
  Unearned revenue:
    Property taxes                                                              66,800,842        60,622,427
    Other local                                                                    270,540           273,283
    State                                                                       15,202,374        17,150,105
    Federal                                                                            -              10,259
     Total liabilities                                                         121,899,682       113,667,981

Fund Balances:
  Reserved for:
   Encumbrances                                                                    79,001           182,031
  Unreserved:
   Designated for:
     Undistributed reserve                                                      16,000,000        16,000,000
     School allocation for textbooks                                             1,885,431         1,664,121
     Compensated absences                                                        2,109,676         1,898,780
     Retirement healthcare benefits                                             12,428,561        10,706,155
     Medicare supplement benefit                                                       -           3,009,968
   Undesignated                                                                  5,795,143         2,527,519
     Total fund balances                                                        38,297,812        35,988,574
       Total liabilities and fund balances                                 $ 160,197,494     $ 149,656,555
                                ALPINE SCHOOL DISTRICT
     Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
                                        General Fund
                                   Year Ended June 30, 2009
                               With Comparative Totals for 2008

                                                                    2009                                2008

                                                 Final
                                                Budgeted           Actual        Variance with         Actual
                                                Amounts           Amounts        Final Budget         Amounts
Revenues:
 Property taxes                                $ 55,825,923     $ 54,989,695     $      (836,228)   $ 53,456,131
 Earnings on investments                          2,200,000        2,141,497             (58,503)      4,348,392
 Other local sources                              5,176,279        5,161,311             (14,968)      3,158,033
 State aid                                      266,889,099      238,277,535         (28,611,564)    234,855,581
 Federal aid                                     22,646,367       39,305,516          16,659,149      18,504,099
        Total revenues                          352,737,668      339,875,554         (12,862,114)    314,322,236

Expenditures:
 Current:
   Instructional services                       257,958,841      244,435,135         13,523,706      223,114,057
   Supporting services:
     Students                                    10,717,231       10,289,459            427,772        9,392,787
     Instructional staff                         14,554,621       13,846,831            707,790       14,074,585
     District administration                      1,338,101        1,278,059             60,042        1,158,996
     School administration                       20,468,769       20,108,793            359,976       18,485,279
     Business                                     1,890,804        1,841,221             49,583        1,707,208
     Operation and maintenance of facilities     28,591,672       25,569,198          3,022,474       24,233,594
     Transportation                              12,654,286       11,958,027            696,259       11,208,947
     Central                                      5,785,420        5,409,656            375,764        4,946,981
        Total expenditures                      353,959,745      334,736,379         19,223,366      308,322,434
        Excess (deficiency) of revenues
         over (under) expenditures                (1,222,077)      5,139,175          6,361,252        5,999,802

Other financing sources (uses):
 Transfer in                                        415,078           415,078                -            312,795
 Transfer out                                      (150,000)       (3,245,015)        (3,095,015)      (7,427,000)
    Net change in fund balances                    (956,999)       2,309,238          3,266,237        (1,114,403)

Fund balances - beginning                        35,988,574       35,988,574                 -        37,102,977
Fund balances - ending                         $ 35,031,575     $ 38,297,812     $    3,266,237     $ 35,988,574
                                           ALPINE SCHOOL DISTRICT
                                      Schedule of Revenues - Compared to Budget
                                                    General Fund
                                               Year Ended June 30, 2009
                                           With Comparative Totals for 2008

                                                                      2009                               2008

                                                     Final
                                                    Budgeted         Actual       Variance with         Actual
                                                    Amounts         Amounts       Final Budget         Amounts

Revenues:
 Local sources:
  Property tax                                    $ 55,825,923    $ 54,989,695    $     (836,228)    $ 53,456,131
  Drivers education fees (behind-the-wheel)            340,000         299,486           (40,514)         298,290
  Textbook fees                                        480,000         473,953            (6,047)         477,550
  Interest from investments                          2,200,000       2,141,497           (58,503)       4,348,392
  Rental of buses                                      715,000         676,547           (38,453)         774,020
  Other local revenues                               2,721,279       2,817,309            96,030          720,832
  Indirect school lunch costs                          920,000         894,016           (25,984)         887,341
    Total local revenue                              63,202,202      62,292,503         (909,699)       60,962,556

 State sources:
  Unrestricted minimum school program               137,492,608     113,647,692       (23,844,916)     126,733,379
  Restricted minimum school program                  38,278,569      35,638,916        (2,639,653)      30,787,317
  Retirement and social security                     37,253,460      37,343,983            90,523       34,811,119
  Board leeway/voted leeway                           4,336,523       4,336,523               -          1,017,954
  Transportation reimbursement                        7,677,397       7,677,397               -          7,222,932
  Quality teaching block grant                        8,060,484       7,557,245          (503,239)       6,944,423
  Local discretionary block grant                     1,309,853       1,310,011               158        2,201,943
  Reading achievement program                         1,585,053       1,441,853          (143,200)       1,317,635
  Interventions for student success block grant       2,225,000       1,838,926          (386,074)       1,545,941
  Special population programs                         3,531,911       3,900,939           369,028        3,090,513
  Drivers education (behind-the-wheel)                  559,647         516,696           (42,951)         263,365
  School trust land program                           3,096,168       2,686,003          (410,165)       2,327,712
  Supplemental supplies/textbooks                       987,612         987,612               -          1,017,910
  Educators salary adjustment                        14,043,744      14,043,744               -          8,275,763
  Instructional technology                            2,955,413       2,187,384          (768,029)       1,757,280
  Other state revenues                                3,495,657       3,162,611          (333,046)       5,540,395
    Total state revenue                             266,889,099     238,277,535       (28,611,564)     234,855,581

 Federal sources:
  Title I                                             4,960,806       4,438,733         (522,073)        4,553,467
  Title VI innovative programs                           37,629          36,618           (1,011)           49,252
  Neglected and delinquent                               50,000          50,000              -              64,085
  Title II-D educational technology                      56,626          33,184          (23,442)           79,903
  Special education                                  10,619,664       8,266,133       (2,353,531)        7,449,629
  Applied technology education                          585,717         585,717              -             642,453
  Title II English language                             265,340         176,798          (88,542)          229,636
  Drug-free school                                      133,626         123,379          (10,247)          133,655
  Title II-A quality teaching                         1,618,935       1,513,085         (105,850)        1,447,227
  ARRA IDEA                                           1,255,575         294,916         (960,659)              -
  ARRA stabilization funds                                  -        19,322,777       19,322,777               -
  Other federal revenue                               3,062,449       4,464,176        1,401,727         3,854,792
    Total federal revenue                            22,646,367      39,305,516       16,659,149        18,504,099
      Total revenue                               $ 352,737,668   $ 339,875,554   $ (12,862,114)     $ 314,322,236
                                             ALPINE SCHOOL DISTRICT
                                     Schedule of Expenditures - Compared to Budget
                                                     General Fund
                                                Year Ended June 30, 2009
                                            With Comparative Totals for 2008

                                                                         2009                              2008

                                                       Final
                                                      Budgeted          Actual       Variance with        Actual
                                                      Amounts          Amounts       Final Budget        Amounts

Instruction
Salaries:
  Certified teachers                                $ 126,606,247    $ 126,423,618   $      182,629    $ 115,501,171
  Hourly teachers                                      12,451,047       10,639,484        1,811,563        9,506,377
  Substitute teachers                                   2,374,659        1,931,230          443,429        1,833,874
  One time bonus                                        1,603,959        1,923,908         (319,949)       3,670,815
  Contract teacher aides                                  481,331          471,007           10,324          376,645
  Hourly teacher aides                                 10,305,260        8,633,437        1,671,823        7,088,672
    Total salaries                                    153,822,503     150,022,684         3,799,819     137,977,554

Employee benefits:
 Retirement                                            23,935,642       23,075,531          860,111       21,205,132
 Social security                                       11,729,176       11,281,544          447,632       10,374,906
 Health/Life/Disability                                32,104,527       30,931,434        1,173,093       28,907,766
 OPEB contributions                                    10,168,936       10,168,935                1       10,000,000
 Industrial insurance                                     540,975          720,257         (179,282)         482,814
 Unemployment insurance                                    74,000           69,474            4,526           36,774
 Retirement Stipend                                     3,400,000        3,382,857           17,143        2,250,538
    Total employee benefits                            81,953,256       79,630,032        2,323,224       73,257,930
Purchased services:
  Contracted services                                   3,726,778        2,912,855         813,923         2,557,670
  UVSC registration                                       150,000           41,063         108,937           446,490
  Activity field trips                                    725,692          588,668         137,024           659,159
  Mileage and other travel                                355,100          229,576         125,524           191,002
    Total purchased services                            4,957,570        3,772,162        1,185,408        3,854,321
Supplies and materials:
  Supplies                                              6,872,445        3,967,242        2,905,203        3,714,515
  Textbooks                                               691,101          388,069          303,032          248,134
  All other materials                                      41,200           30,744           10,456           20,716
     Total supplies and materials                       7,604,746        4,386,055        3,218,691        3,983,365
Instructional equipment                                 9,620,766        6,624,202        2,996,564        4,040,887
       Total instruction                              257,958,841     244,435,135        13,523,706     223,114,057

Supporting services - students
Salaries:
  Guidance counselors                                   3,756,975        3,685,559          71,416         3,365,772
  Physical therapist                                      112,075          108,244           3,831            99,484
  Psychologist                                          1,232,051        1,228,945           3,106           999,605
  Secretaries                                             657,023          626,017          31,006           613,380
  Occupational                                            401,864          401,601             263           292,550
    Total salaries                                      6,159,988        6,050,366         109,622         5,370,791

Employee benefits                                       3,024,850        2,956,231          68,619         2,662,322
Special education contracted services                     525,000          299,958         225,042           512,762
Social workers contract                                    85,000           71,555          13,445            90,719
Utah County Health Department                             892,943          892,943             -             742,029
Supplies and materials                                     29,450           18,406          11,044            14,164
  Total supporting services - students                 10,717,231       10,289,459         427,772         9,392,787

                                                       (continued)
                                                       ALPINE SCHOOL DISTRICT
                                               Schedule of Expenditures - Compared to Budget
                                                                General Fund
                                                           Year Ended June 30, 2009
                                                      With Comparative Totals for 2008

                                                                                              2009                              2008

                                                                           Final
                                                                          Budgeted            Actual      Variance with         Actual
                                                                          Amounts            Amounts      Final Budget         Amounts

Supporting services - instructional staff
Salaries:
  Administrators                                                      $    1,010,391     $    1,020,950   $     (10,559)   $      884,478
  Supervisors                                                              1,518,623          1,516,687           1,936         1,436,597
  Sabbatical leave                                                           171,626            172,098            (472)          (11,910)
  Certificated media personnel                                               948,809            946,762           2,047           888,953
  Technicians and secretaries                                                804,118            788,856          15,262           738,702
  Media aides and specialists                                              1,439,289          1,417,571          21,718         1,303,803
  Early retirement                                                               -                                  -             338,391
     Total salaries                                                        5,892,856          5,862,924         29,932          5,579,014

Employee benefits                                                          5,993,544          5,865,204        128,340          5,763,453
Early retirement benefits                                                  1,050,000            794,630        255,370          1,250,305
Contracted services                                                          104,175             20,525         83,650             43,372
State UIMC                                                                    45,172             45,172            -               43,215
Mileage/travel                                                                55,622             44,252         11,370             37,261
Supplies and materials                                                       330,320            231,334         98,986            318,020
Library books                                                                948,451            883,189         65,262            903,759
Periodicals                                                                   30,000             20,612          9,388             17,683
Audio visual materials                                                        60,700             55,644          5,056             76,592
Equipment                                                                     15,000                -           15,000             18,544
Professional dues                                                             28,781             23,345          5,436             23,367
  Total supporting services - instructional staff                         14,554,621         13,846,831        707,790         14,074,585

Supporting services - district administration
Salaries:
  School board                                                                  57,000          55,020           1,980            38,130
  Superintendent                                                               204,997         204,997             -             186,318
  School business official                                                     173,777         173,777             -             153,514
  Secretaries and other                                                        160,140         156,083           4,057           161,029
     Total salaries                                                            595,914         589,877           6,037           538,991

Employee benefits                                                              222,917         221,291           1,626           208,784
Contracted services                                                              1,650             -             1,650               -
Auditor services                                                                66,870          50,300          16,570            52,900
Legal fees                                                                      90,000          95,727          (5,727)           59,976
Mileage                                                                         13,520          10,311           3,209             7,567
Liability insurance                                                            210,000         201,754           8,246           191,845
Partnership program                                                             17,400          17,400             -              12,000
Supplies and materials                                                          58,770          40,653          18,117            53,982
Professional dues                                                               31,060          28,118           2,942            28,151
Discretionary funds                                                             30,000          22,628           7,372             4,800
  Total supporting services - district administration                      1,338,101          1,278,059         60,042          1,158,996

Supporting services - school administration
Salaries:
  Principals                                                               5,692,744          5,643,746         48,998          5,346,105
  Assistant principals                                                     3,707,979          3,706,388          1,591          3,097,815
  Activity supervision                                                       170,844            159,957         10,887            152,716
  Secretaries                                                              4,021,457          3,886,738        134,719          3,656,484
  Campus aides                                                               211,982            211,370            612            204,342
     Total salaries                                                       13,805,006         13,608,199        196,807         12,457,462

Employee benefits                                                          6,455,860          6,331,205        124,655          5,866,206
Mileage                                                                      151,500            108,347         43,153            111,732
Supplies and materials                                                        31,000             36,980         (5,980)            26,476
Professional dues                                                             25,403             24,062          1,341             23,403
  Total supporting services - school administration                       20,468,769         20,108,793        359,976         18,485,279

                                                                 (continued)
                                                     ALPINE SCHOOL DISTRICT
                                             Schedule of Expenditures - Compared to Budget
                                                             General Fund
                                                        Year Ended June 30, 2009
                                                    With Comparative Totals for 2008

                                                                                                 2009                              2008

                                                                                Final
                                                                               Budgeted          Actual      Variance with         Actual
                                                                               Amounts          Amounts      Final Budget         Amounts

Supporting services - business
Salaries:
  Department directors                                                     $      273,876   $     273,875    $           1    $      258,609
  Accounting personnel                                                            118,071         117,772             299            111,802
  Purchasing agents                                                               137,133         137,133             -              131,510
  Technicians and secretaries                                                     592,333         580,597          11,736            523,519
  Mail delivery personnel                                                          44,837          44,787               50            43,017
    Total salaries                                                              1,166,250        1,154,164         12,086          1,068,457

Employee benefits                                                                 534,689         529,940           4,749            510,614
Contracted services                                                                49,000          35,181          13,819             35,334
Banking services                                                                   60,000          52,698           7,302             22,975
Equipment rental                                                                    4,200           3,908             292              3,532
Postage                                                                            40,000          37,940           2,060             37,219
Mileage                                                                             7,800           3,295           4,505              1,838
Conferences                                                                         1,245           1,138             107              1,829
Supplies and materials                                                             25,785          20,918           4,867             23,892
Professional dues                                                                   1,085           1,289            (204)             1,025
Uniform allowance                                                                     750             750             -                  493
  Total supporting services - business                                          1,890,804        1,841,221         49,583          1,707,208

Supporting services - operation and maintenance of facilities
Salaries:
  Department director                                                              94,654           94,653              1             90,774
  Maintenance coordinators                                                        364,823          364,403            420            349,548
  Secretaries                                                                     106,645          106,301            344            101,833
  Contract maintenance workers                                                  2,467,363        2,434,249         33,114          2,240,363
  Hourly maintenance workers                                                      365,400          336,531         28,869            234,458
  Head custodians                                                               2,537,014        2,539,623         (2,609)         2,399,523
  Contract custodians                                                           1,085,285        1,073,591         11,694          1,088,840
  Hourly custodians                                                             2,957,524        2,746,903        210,621          2,446,203
    Total salaries                                                              9,978,708        9,696,254        282,454          8,951,542

Employee benefits                                                               4,442,863        4,265,330         177,533         4,000,535
Purchased services                                                                 53,540           26,650          26,890            23,087
Police services                                                                   327,540          287,703          39,837           291,200
Water and sewer                                                                 1,246,000        1,065,903         180,097         1,044,601
Garbage                                                                           405,000          350,398          54,602           309,548
Equipment repairs                                                                 144,600          147,586          (2,986)          185,791
Maintenance agreements                                                              9,434           10,031            (597)            8,507
Building and equipment rental                                                      38,000           38,735            (735)           38,421
Telephone                                                                         365,650          156,262         209,388            82,596
Property insurance                                                                534,806          514,806          20,000           522,924
Mileage                                                                             8,332            4,037           4,295             6,961
Maintenance repairs and supplies                                                  980,899        1,156,285        (175,386)        1,333,099
Gas heat                                                                        3,340,000        2,072,823       1,267,177         1,866,624
Electricity                                                                     6,476,000        5,597,915         878,085         5,364,347
Vehicle fuel                                                                      215,000          153,359          61,641           187,345
Professional dues                                                                     400              600            (200)              300
Uniform allowance                                                                  24,900           24,521             379            16,166
  Total supporting services - operation and maintenance of facilities          28,591,672       25,569,198       3,022,474        24,233,594

                                                                        (continued)
                                                       ALPINE SCHOOL DISTRICT
                                               Schedule of Expenditures - Compared to Budget
                                                               General Fund
                                                          Year Ended June 30, 2009
                                                      With Comparative Totals for 2008

                                                                                           2009                             2008

                                                                          Final
                                                                         Budgeted          Actual      Variance with        Actual
                                                                         Amounts          Amounts      Final Budget        Amounts

Supporting services - transportation
Salaries:
  Pupil transportation director                                      $       76,123   $       82,414   $     (6,291)   $       73,019
  Transportation coordinators                                               119,027          119,027            -             114,124
  Secretaries and technicians                                               261,387          261,511           (124)          213,509
  Bus drivers                                                             5,467,730        5,361,615        106,115         4,766,029
  Special education bus assistants                                          916,385          931,187        (14,802)          830,323
  Contract mechanics                                                        306,689          292,974         13,715           261,503
  Hourly mechanics                                                            5,500              365          5,135               -
  Early retirement                                                              -                -              -               3,500
    Total salaries                                                        7,152,841        7,049,093        103,748         6,262,007

Employee benefits                                                         2,982,626        2,875,467        107,159         2,677,478
Contracted services                                                          14,000           11,666          2,334             4,592
Student allowance in-lieu                                                    45,000           29,099         15,901            27,863
Property/liability insurance                                                215,000          214,547            453           205,604
Mileage/travel                                                                3,719            2,317          1,402             1,932
Overnight meal reimbursement                                                  1,500            2,457           (957)            1,868
Radio transmitter rental                                                      3,000            3,080            (80)            5,390
Water and sewer                                                               6,500           10,653         (4,153)            2,880
Telephone                                                                     2,500              385          2,115               412
Supplies                                                                     14,400           19,482         (5,082)           24,904
Vehicle fuel                                                              1,600,000        1,132,392        467,608         1,459,708
Utilities                                                                    58,000           44,359         13,641            31,126
Oil and grease                                                               60,000           47,554         12,446            57,607
Tire and tubes                                                              115,000          129,281        (14,281)          104,600
Vehicle repair parts                                                        360,000          361,486         (1,486)          325,155
Uniform allowance                                                             1,200            1,187             13               690
Driver training expense                                                       4,000            4,900           (900)            3,403
Driver physical exams                                                        15,000           18,622         (3,622)           11,728
  Total supporting services - transportation                             12,654,286       11,958,027        696,259        11,208,947

Supporting services - central
Salaries:
  Personnel administrators                                                  116,154          116,154            -             111,419
  Department directors                                                      482,703          482,703            -             346,431
  Technicians and secretaries                                             2,463,488        2,335,934        127,554         2,091,737
    Total salaries                                                        3,062,345        2,934,791        127,554         2,549,587

Employee benefits                                                         1,635,619        1,551,335         84,284         1,398,539
Contracted services                                                         257,067          203,437         53,630           197,337
Job study/evaluation                                                          4,000              930          3,070            58,991
Computer maintenance and lease                                              299,686          296,225          3,461           234,166
Cell phone service                                                           19,460           20,562         (1,102)           18,002
Mileage                                                                      19,240           19,615           (375)           15,640
Conventions and conferences                                                 354,083          260,775         93,308           407,695
Supplies and other                                                          133,920          121,986         11,934            67,024
  Total supporting services - central                                     5,785,420        5,409,656        375,764         4,946,981
    Total supporting services                                            96,000,904       90,301,244       5,699,660       85,208,377
       Total expenditures                                            $ 353,959,745    $ 334,736,379    $ 19,223,366    $ 308,322,434
                                           ALPINE SCHOOL DISTRICT
                                            Comparative Balance Sheets
                                                Debt Service Fund
                                              June 30, 2009 and 2008

                                                                              2009             2008

Assets:
 Cash and investments                                                    $    1,449,454   $    3,855,121
 Receivables - property taxes                                                52,593,739       49,498,064
     Total assets                                                        $ 54,043,193     $ 53,353,185

Liabilities:
  Unearned revenue - property taxes                                      $ 51,708,424     $ 48,539,474

Fund balances:
 Unreserved, undesignated for debt service                                    2,334,769        4,813,711
     Total liabilities and fund balances                                 $ 54,043,193     $ 53,353,185
                               ALPINE SCHOOL DISTRICT
    Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
                                     Debt Service Fund
                                  Year Ended June 30, 2009
                              With Comparative Totals for 2008

                                                                 2009                               2008

                                              Final
                                             Budgeted            Actual       Variance with         Actual
                                             Amounts            Amounts       Final Budget         Amounts
Revenues:
 Property tax                            $ 45,285,605       $ 44,607,262      $    (678,343)   $ 40,645,005
 Earnings on investments                      400,000            441,892             41,892         754,661
     Total revenues                          45,685,605         45,049,154         (636,451)       41,399,666

Expenditures:
 Debt service:
   Bond principal                            30,815,000         30,815,000              -          28,270,000
   Bond interest                             16,705,596         16,705,596              -          14,585,763
   Paying agent fees                              7,500              7,500              -               7,000
     Total expenditures                      47,528,096         47,528,096              -          42,862,763
 Excess of revenues over expenditures/
  net change in fund balance                  (1,842,491)       (2,478,942)        (636,451)       (1,463,097)

Fund balances - beginning                     4,813,711          4,813,711              -           6,276,808
Fund balances - ending                   $    2,971,220     $    2,334,769    $    (636,451)   $    4,813,711
                                         ALPINE SCHOOL DISTRICT
                                          Comparative Balance Sheets
                                            Capital Projects Fund
                                            June 30, 2009 and 2008


                                                                           2009            2008
Assets:
 Cash and investments                                                  $ 132,443,498   $ 143,590,230
 Receivables:
   Property taxes                                                         20,300,953      19,370,058
 Long term notes receivable                                                2,153,459       2,360,328
     Total assets                                                      $ 154,897,910   $ 165,320,616

Liabilities:
  Accounts payable                                                     $ 12,795,287    $ 11,163,087
  Unearned revenue:
   Property taxes                                                         19,942,650      18,950,443
   Other local                                                                 5,559             -
   State                                                                      21,532           6,599
     Total liabilities                                                    32,765,028      30,120,129

Fund balances:
 Reserved for:
   Encumbrances                                                            2,338,652       2,044,116
   Notes receivable                                                        2,153,459       2,360,328
   Construction commitments                                               42,665,554      78,251,478
 Unreserved:
   Designated for Micron development                                             -           963,003
   Undesignated                                                           74,975,217      51,581,562
     Total fund balances                                                 122,132,882     135,200,487
       Total liabilities and fund balances                             $ 154,897,910   $ 165,320,616
                                         ALPINE SCHOOL DISTRICT
              Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
                                             Capital Projects Fund
                                            Year Ended June 30, 2009
                                        With Comparative Totals for 2008

                                                                         2009                                 2008

                                                      Final
                                                     Budgeted           Actual        Variance with           Actual
                                                     Amounts           Amounts        Final Budget           Amounts
Revenues:
  Local sources:
    Property taxes                               $    18,316,808     $ 18,042,437     $     (274,371)    $    17,635,635
    Earnings on investments                            2,998,000        2,615,901           (382,099)          4,627,338
    Micron RDA                                           783,521          783,521                -               172,914
    Other local sources                                    8,362            8,361                  (1)            16,771
       Total local sources                            22,106,691        21,450,220          (656,471)         22,452,658
  State sources:
    Capital outlay foundation                          4,359,423         4,359,423               -            16,156,873
    Other                                                 28,981             7,450           (21,531)             45,175
       Total state sources                             4,388,404         4,366,873           (21,531)         16,202,048
    Total revenues                                    26,495,095        25,817,093          (678,002)         38,654,706
Expenditures:
  10% of basic for textbooks and supplies               4,972,000        4,972,000               -             7,277,000
  Land and buildings:
    Architect services                                 3,627,309         2,544,996         1,082,313           4,412,914
    Miscellaneous fees                                   994,804           712,343           282,461             577,206
    Payments to contractors                          101,886,543        94,766,971         7,119,572          66,580,284
    Land purchases                                     7,828,348           798,578         7,029,770           2,464,995
    Land improvements                                    676,518           548,342           128,176           2,412,544
    Building purchases                                   768,938           710,383            58,555           2,871,115
    Building improvements                              3,871,170         2,973,274           897,896           4,008,827
      Total land and buildings                       119,653,630      103,054,887         16,598,743          83,327,885
  Equipment:
    Maintenance and custodial                            130,000           108,416            21,584             107,971
    Equipment support departments                         49,800            26,497            23,303             170,122
    New school and growth equipment                    3,791,299         1,990,445         1,800,854             262,154
    Computer software and hardware                     3,267,720         2,044,037         1,223,683           2,657,019
    Lease principal                                    1,611,000         1,611,000               -             1,446,022
    Lease interest                                       147,483           147,483               -               129,534
    Other instructional equipment                        818,360           789,250            29,110           1,083,642
    Buses lease purchase                               1,774,581         1,774,581               -             2,637,022
    Other vehicles                                       212,465           205,768             6,697             257,728
      Total equipment                                 11,802,708         8,697,477         3,105,231           8,751,214
  Bond selling expense                                   749,225           714,918            34,307             559,042
    Total expenditures                               137,177,563      117,439,282         19,738,281          99,915,141
  Excess (deficiency) of revenues over (under)
    expenditures                                     (110,682,468)     (91,622,189)       19,060,279         (61,260,435)
Other Financing Sources (Uses):
  General obligation bonds issued                     68,000,000        68,000,000               -            84,000,000
  Bond premium                                         1,730,481         1,730,481               -             1,540,407
  Transfer in                                                            3,095,015         3,095,015           7,277,000
  Capital leases                                              -                                  -             4,456,022
  Sale of real property                                 5,624,469        5,729,088           104,619           2,992,449
    Total other financing sources (uses)              75,354,950       78,554,584          3,199,634         100,265,878
  Net change in fund balances                        (35,327,518)     (13,067,605)        22,259,913          39,005,443
Fund balances - beginning                            135,200,487      135,200,487                -            96,195,044
Fund balances - ending                           $    99,872,969     $ 122,132,882    $   22,259,913     $   135,200,487
                                                      ALPINE SCHOOL DISTRICT
                                                        Combining Balance Sheet
                                                      Nonmajor Governmental Funds
                                                             June 30, 2009

                                                                        Special Revenue
                                                                            Alpine                                              Total
                                                                         Transition &        Alpine                           Nonmajor
                                         School            Non K-12      Employment       School District       Student      Governmental
                                         Lunch             Programs         Center         Foundation           Activity        Funds
Assets:
  Cash and investments               $   5,490,188     $    2,534,866    $     26,405     $   2,845,350     $    8,962,391   $ 19,859,200
  Receivables:
    Property taxes                             -            1,859,237             -                  -                 -          1,859,237
    Other local                                -                  -            19,066                -                 -             19,066
    State                                  680,096                -               -                  -                 -            680,096
    Federal                                123,613            137,233           1,334                -                 -            262,180
  Due from other funds                         -                  -               -                6,968               -              6,968
  Inventories                              772,259                -               -                  -                 -            772,259
      Total assets                   $   7,066,156     $    4,531,336    $     46,805     $   2,852,318     $    8,962,391   $ 23,459,006

Liabilities:
  Accounts payable                   $     165,078     $        1,682    $      1,533     $         -       $       53,204   $      221,497
  Due to other funds                           -                  -               -              12,678          1,291,323        1,304,001
  Unearned revenue:
    Property taxes                             -            1,825,317             -                  -                 -          1,825,317
    Other local                            396,283            193,633             -                  -           1,019,004        1,608,920
    State                                      -            2,090,482             -                  -                 -          2,090,482
    Federal                                 16,290                -               -                  -                 -             16,290
      Total liabilities                    577,651          4,111,114           1,533            12,678          2,363,531        7,066,507

Fund balances:
  Reserved for inventories                 772,259                -               -                  -                 -           772,259
  Reserved for encumbrances                    -                  -               -                  -             657,204         657,204
  Unreserved:
    Designated for schools                        -               -               -           2,720,151                -          2,720,151
    Designated for compensated
      absences                               9,393                -            19,191                -                 -            28,584
    Designated for increase in
      food prices                          300,000                -               -                  -                 -           300,000
    Designated for equipment
      and software                         825,000                -               -                 -                  -            825,000
    Undesignated                         4,581,853            420,222          26,081           119,489          5,941,656       11,089,301
      Total fund balances                6,488,505            420,222          45,272         2,839,640          6,598,860       16,392,499
        Total liabilities and fund
           balances                  $   7,066,156     $    4,531,336    $     46,805     $   2,852,318     $    8,962,391   $ 23,459,006
                                               ALPINE SCHOOL DISTRICT
                         Combining Statement of Revenues, Expenditures and Changes in Fund Balances
                                               Nonmajor Governmental Funds
                                                  Year Ended June 30, 2009

                                                                        Special Revenue
                                                                            Alpine                                               Total
                                                                         Transition &        Alpine                            Nonmajor
                                        School            Non K-12       Employment       School District       Student       Governmental
                                        Lunch             Programs          Center         Foundation           Activity         Funds
Revenues:
  Property tax                      $          -      $    1,690,950    $         -       $         -       $          -      $    1,690,950
  Student fees                                 -             214,081              -                 -            5,256,265         5,470,346
  Lunch sales                            7,908,196               -                -                 -                  -           7,908,196
  Earnings on investments                  106,255            71,993              -              44,268            254,359           476,875
  Other local revenues                         -             307,693          401,980           953,162          7,879,135         9,541,970
  State aid                              2,729,357         2,390,576              -                 -                  -           5,119,933
  Federal aid                            7,873,807           375,852          532,306               -                  -           8,781,965
       Total revenues                   18,617,615         5,051,145          934,286           997,430         13,389,759        38,990,235

Expenditures:
  Current:
    Instructional services                       -         4,763,690         1,077,010          933,266         12,144,572        18,918,538
    Supporting services:
       Operation and maintenance
          of facilities                        -             306,505               -                 -                 -             306,505
    School lunch services               19,136,438               -                 -                 -                 -          19,136,438
       Total expenditures               19,136,438         5,070,195         1,077,010          933,266         12,144,572        38,361,481
  Excess (deficiency) of revenues
    over (under) expenditures             (518,823)          (19,050)        (142,724)           64,164          1,245,187          628,754

Other financing sources:
  Transfer in                                    -               -            150,000                -                 -             150,000
  Transfer out                                   -               -                -                  -            (415,078)         (415,078)
    Net change in fund balances           (518,823)          (19,050)           7,276            64,164            830,109          363,676

Fund balances - beginning                7,007,328           439,272           37,996         2,775,476          5,768,751        16,028,823
Fund balances - ending              $    6,488,505    $      420,222    $      45,272     $   2,839,640     $    6,598,860    $ 16,392,499
                                         ALPINE SCHOOL DISTRICT
                                          Comparative Balance Sheets
                                                 School Lunch
                                         Nonmajor Special Revenue Fund
                                             June 30, 2009 and 2008

                                                                             2009            2008

Assets:
 Cash and investments                                                    $   5,490,188   $   5,599,228
 Receivables:
   State                                                                      680,096          693,879
   Federal                                                                    123,613           91,918
 Inventories                                                                  772,259        1,053,531
     Total assets                                                        $   7,066,156   $   7,438,556

Liabilities:
  Accounts payable                                                       $    165,078    $     44,591
  Unearned revenue:
   Other local                                                                396,283         386,637
   Federal                                                                     16,290             -
     Total liabilities                                                        577,651         431,228

Fund balances:
 Reserved for inventories                                                     772,259        1,053,531
 Unreserved:
   Designated for increase in food prices                                      300,000         500,000
   Designated for equipment and software                                       825,000       1,300,000
   Designated for compensated absences                                           9,393           5,492
   Undesignated                                                              4,581,853       4,148,305
     Total fund balances                                                     6,488,505       7,007,328
       Total liabilities and fund balances                               $   7,066,156   $   7,438,556
                                ALPINE SCHOOL DISTRICT
     Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
                                        School Lunch
                               Nonmajor Special Revenue Fund
                                   Year Ended June 30, 2009
                               With Comparative Totals for 2008

                                                           2009                               2008

                                        Final
                                       Budgeted            Actual       Variance with         Actual
                                       Amounts            Amounts       Final Budget         Amounts

Revenues:
 Local sources:
   Lunch sales - students          $    6,900,000     $    6,753,003    $    (146,997)   $    6,677,951
   Lunch sales - other                  1,100,000          1,155,193           55,193         1,084,465
   Earnings on investments                110,000            106,255           (3,745)          238,569
      Total local sources               8,110,000          8,014,451          (95,549)        8,000,985
  State sources:
    State lunch program                 2,580,000          2,729,357         149,357          2,554,102
      Total state sources               2,580,000          2,729,357         149,357          2,554,102
  Federal sources:
    Federal lunch program               1,410,000          1,409,470            (530)         1,287,747
    Free and reduced assistance         3,940,000          4,249,022         309,022          3,563,736
    Breakfast program                     860,000            919,436          59,436            776,895
    Special milk                            4,600              4,813             213              4,550
    USDA commodities                    1,100,000          1,263,756         163,756          1,248,105
    Other                                  50,000             27,310         (22,690)           107,483
      Total federal sources             7,364,600          7,873,807         509,207          6,988,516
        Total revenues                 18,054,600         18,617,615         563,015         17,543,603

Expenditures:
 Current:
   Salaries                             5,475,293          5,296,611          178,682         4,912,838
   Employee benefits                    2,847,619          2,664,370          183,249         2,627,583
   Purchased services                     120,000            130,335          (10,335)           76,194
   Supplies                               400,000            351,453           48,547           216,172
   Food                                 8,450,000          8,618,960         (168,960)        7,498,998
   Equipment                            1,192,344          1,157,404           34,940           478,723
   Indirect cost allocation               920,000            894,016           25,984           882,760
   Uniform allowance                       23,300             23,289               11            14,971
        Total expenditures             19,428,556         19,136,438         292,118         16,708,239
    Net change in fund balances         (1,373,956)         (518,823)        855,133           835,364

Fund balances - beginning               7,007,328          7,007,328              -           6,171,964
Fund balances - ending             $    5,633,372     $    6,488,505    $    855,133     $    7,007,328
                                           ALPINE SCHOOL DISTRICT
                                            Comparative Balance Sheets
                                                Non K-12 Programs
                                           Nonmajor Special Revenue Fund
                                               June 30, 2009 and 2008

                                                                               2009            2008

Assets:
 Cash and investments                                                      $   2,534,866   $   3,026,593
 Receivables:
   Property taxes                                                              1,859,237       1,993,160
   Federal                                                                       137,233             -
     Total assets                                                          $   4,531,336   $   5,019,753

Liabilities:
  Accounts payable                                                         $      1,682    $      3,603
  Unearned revenue:
   Property taxes                                                              1,825,317       1,951,659
   Other local                                                                   193,633         186,158
   State                                                                       2,090,482       2,439,061
     Total liabilities                                                         4,111,114       4,580,481

Fund balances:
 Unreserved, undesignated                                                       420,222         439,272
     Total liabilities and fund balances                                   $   4,531,336   $   5,019,753
                               ALPINE SCHOOL DISTRICT
    Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
                                    Non K-12 Programs
                              Nonmajor Special Revenue Fund
                                  Year Ended June 30, 2009
                              With Comparative Totals for 2008

                                                              2009                               2008

                                            Final
                                           Budgeted           Actual       Variance with         Actual
                                           Amounts           Amounts       Final Budget         Amounts
Revenues:
 Local sources:
   Property taxes                      $    1,716,664    $    1,690,950    $     (25,714)   $    1,733,962
   Summer school fees                         208,837           189,233          (19,604)          181,499
   Adult education fees                        25,000            24,848             (152)              -
   Earnings on investments                     72,300            71,993             (307)          128,883
   Miscellaneous revenues                     344,675           307,693          (36,982)          233,137
     Total local sources                    2,367,476         2,284,717          (82,759)        2,277,481
 State sources:
   Adult high school completion               384,961           384,961              -             433,654
   Preschool                                2,439,442         2,005,615         (433,827)        1,999,669
   Retirement and social security                 -                 -                -                 -
     Total state sources                    2,824,403         2,390,576         (433,827)        2,433,323
 Federal sources:
   Special education preschool grant          238,619          238,619               -            230,462
   Adult education                            137,233          137,233               -            149,516
     Total federal sources                    375,852          375,852               -            379,978
       Total revenues                       5,567,731         5,051,145         (516,586)        5,090,782

Expenditures:
 Current:
   Salaries                                 3,688,896         3,419,522         269,374          3,220,633
   Employee benefits                        1,114,770         1,019,222          95,548            961,967
   Purchased services                         165,255           121,117          44,138            120,803
   Utilities                                  306,505           306,505             -              293,700
   Supplies                                   212,152           136,533          75,619            145,137
   Equipment                                   58,000             4,637          53,363             12,627
   Other                                       62,660            62,659               1             59,670
     Total expenditures                     5,608,238         5,070,195         538,043          4,814,537
   Net change in fund balances                (40,507)          (19,050)         21,457           276,245
Fund balances - beginning                     439,272          439,272               -            163,027
Fund balances - ending                 $      398,765    $     420,222     $     21,457     $     439,272
                                         ALPINE SCHOOL DISTRICT
                                          Comparative Balance Sheets
                                     Alpine Transition & Employment Center
                                        Nonmajor Special Revenue Fund
                                             June 30, 2009 and 2008

                                                                                 2009           2008

Assets:
 Cash and investments                                                        $     26,405   $      1,536
 Receivables:
   Local sources                                                                   19,066         22,278
   Federal                                                                          1,334         47,791
      Total assets                                                           $     46,805   $     71,605

Liabilities:
  Due to other funds                                                         $        -     $     32,032
  Accounts payable                                                                  1,533          1,577
    Total liabilities                                                               1,533         33,609

Fund balances:
 Unreserved:
   Designated for compensated absences                                             19,191         23,239
   Undesignated                                                                    26,081         14,757
      Total fund balances                                                          45,272         37,996
        Total liabilities and fund balances                                  $     46,805   $     71,605
                                ALPINE SCHOOL DISTRICT
     Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
                            Alpine Transition & Employment Center
                               Nonmajor Special Revenue Fund
                                   Year Ended June 30, 2009
                                With Comparative Totals for 2008

                                                                 2009                               2008

                                               Final
                                              Budgeted           Actual       Variance with         Actual
                                              Amounts           Amounts       Final Budget         Amounts

Revenues:
 Local sources:
   Production sales                       $      337,000    $     401,980     $     64,980     $     390,688
   Earnings on investments                           500              -               (500)              -
    Total local sources                          337,500          401,980           64,480           390,688
 Federal sources:
   Disability services grant                     652,140          532,306          (119,834)         572,380
       Total revenues                            989,640          934,286           (55,354)         963,068

Expenditures:
 Current:
   Salaries:
     Supervisory                                  82,128           82,127                1            75,686
     Teaching                                     14,611           14,611              -              17,620
     Specialists                                 547,487          553,409           (5,922)          574,032
     Student incentive                           110,000           99,297           10,703            97,934
   Employee benefits                             258,364          239,919           18,445           240,580
   Purchased services                             34,700           26,120            8,580            24,246
   Capital outlay                                 11,500              -             11,500             8,425
   Supplies and materials                         80,850           61,527           19,323            71,082
     Total expenditures                        1,139,640         1,077,010          62,630          1,109,605
   Excess (deficiency) of revenues over
    (under) expenditures                        (150,000)         (142,724)           7,276          (146,537)

Other financing sources:
 Transfer in                                     150,000          150,000               -            150,000
   Net change in fund balances                       -               7,276            7,276             3,463

Fund balances - beginning                         37,996           37,996               -             34,533
Fund balances - ending                    $       37,996    $      45,272     $       7,276    $      37,996
                                         ALPINE SCHOOL DISTRICT
                                          Comparative Balance Sheets
                                        Alpine School District Foundation
                                        Nonmajor Special Revenue Fund
                                             June 30, 2009 and 2008

                                                                                2009            2008
Assets:
 Cash and investments                                                       $   2,845,350   $   2,752,284
 Due from other funds                                                               6,968          24,183
     Total assets                                                           $   2,852,318   $   2,776,467

Liabilities:
  Due to other funds                                                        $     12,678    $          991

Fund balances:
 Unreserved:
   Designated for schools                                                       2,720,151       2,617,300
   Undesignated                                                                   119,489         158,176
     Total fund balances                                                        2,839,640       2,775,476
       Total liabilities and fund balances                                  $   2,852,318   $   2,776,467
                                ALPINE SCHOOL DISTRICT
        Comparative Statements of Revenues, Expenditures and Changes in Fund Balances
                              Alpine School District Foundation
                               Nonmajor Special Revenue Fund
                                   Year Ended June 30, 2009
                               With Comparative Totals for 2008

                                                                      2009            2008
Revenues:
 Local sources:
   Contributions                                                  $    953,162    $    941,338
   Earnings on investments                                              44,268         104,835
      Total revenues                                                   997,430        1,046,173

Expenditures:
 Current:
   Program services - supplies and materials donated to schools        933,266         827,131
      Net change in fund balances                                       64,164         219,042

Fund balances - beginning                                             2,775,476       2,556,434
Fund balances - ending                                            $   2,839,640   $   2,775,476
                                              ALPINE SCHOOL DISTRICT
                                               Comparative Balance Sheets
                                                 Student Activity Fund
                                             Nonmajor Special Revenue Fund
                                                 June 30, 2009 and 2008

                                                                                 2009            2008

Assets:
 Cash and investments                                                        $   8,962,391   $   8,236,529
      Total assets                                                           $   8,962,391   $   8,236,529

Liabilities:
  Accounts payable                                                           $      53,204   $      48,465
  Due to other funds                                                             1,291,323       1,305,355
  Unearned revenue - other local                                                 1,019,004       1,114,958
    Total liabilities                                                            2,363,531       2,468,778

Fund balance:
 Reserved for encumbrances                                                        657,204         692,144
 Unreserved:
   Undesignated                                                                  5,941,656       5,076,607
      Total fund balance                                                         6,598,860       5,768,751
        Total liabilities and fund balance                                   $   8,962,391   $   8,237,529
                                 ALPINE SCHOOL DISTRICT
      Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
                                        Student Activity
                                Nonmajor Special Revenue Fund
                                    Year Ended June 30, 2009
                                With Comparative Totals for 2008

                                                                   2009                               2008

                                                Final
                                               Budgeted            Actual       Variance with         Actual
                                               Amounts            Amounts       Final Budget         Amounts
Revenues:
 Local sources:
   Interest from investments               $      278,025     $      254,359    $    (23,666)    $      413,947
   Fees/fines                                   4,687,530          5,256,265         568,735          5,086,252
   Gate                                           700,003            775,991          75,988            686,808
   Student trips/camps                          1,763,791          1,959,474         195,683          2,162,859
   Donations                                      570,037            801,306         231,269            704,958
   Cell tower                                     186,789            165,345         (21,444)           182,279
   Vending                                        210,740            212,070           1,330            269,793
   Fundraisers                                  1,516,296          1,527,731          11,435          1,615,651
   Building rental                                 72,945             64,965          (7,980)           106,908
   Bookfair/resale/store                          791,949            909,056         117,107            923,152
   Student uniforms/outfits                       437,849            483,265          45,416            487,130
   Other                                          716,639            979,932         263,293            629,901
      Total local sources                      11,932,593         13,389,759        1,457,166        13,269,638

Expenditures:
 Current:
   Salaries                                       850,512            819,812           30,700           765,201
   Contract services                            1,048,272            965,335           82,937           816,025
   Student trips/transportation                 2,504,951          2,182,163          322,788         2,466,705
   Student uniforms/outfits                       884,777            777,004          107,773           800,475
   Supplies                                     6,032,346          4,998,505        1,033,841         5,490,501
   Student incentives                              42,964             49,740           (6,776)           20,822
   Textbooks/library books                        167,712            197,652          (29,940)          253,801
   Maintenance/repair                             168,611            162,899            5,712           169,152
   Faculty                                        428,645            391,815           36,830           411,635
   Other supplies                                 933,716            974,934          (41,218)          821,678
   Equipment                                      737,132            624,713          112,419           581,074
     Total expenditures                        13,799,638         12,144,572        1,655,066        12,597,069
    Excess (deficiency) of revenues over
     (under) expenditures                       (1,867,045)        1,245,187        3,112,232          672,569

Other financing uses:
     Transfer out                                (415,078)          (415,078)             -            (312,795)
    Net change in fund balances                 (2,282,123)         830,109         3,112,232          359,774

Fund balances - beginning                       5,768,751          5,768,751              -           5,408,977
Fund balances - ending                     $    3,486,628     $    6,598,860    $   3,112,232    $    5,768,751
                                    ALPINE SCHOOL DISTRICT
                                 Combining Statement of Fund Net Assets
                                        Internal Service Funds
                                             June 30, 2009
                                    With Comparative Totals for 2008

                                                             2009                              2008
                                          Industrial
                                          Insurance     School Services
                                            Fund            Fund              Total            Total

Assets
 Current assets:
   Cash and investments               $     1,213,568   $    1,255,443    $   2,469,011    $   2,270,806
   Accounts receivable                            -                251              251              -
   Inventories                                    -            643,730          643,730          465,136
        Total current assets                1,213,568        1,899,424        3,112,992        2,735,942


    Land                                          -             15,701           15,701           15,701
    Buildings and improvements                    -          1,140,581        1,140,581        1,140,581
    Furniture and equipment                       -            466,221          466,221          410,913
    Accumulated depreciation                      -           (747,886)        (747,886)        (683,162)
        Net capital assets                        -           874,617          874,617          884,033
  Total assets                        $     1,213,568   $    2,774,041    $   3,987,609    $   3,619,975


Liabilities and net assets
Liabilities:
  Current liabilities:
    Accounts payable                  $           -     $      20,132     $     20,132     $     63,158
    Claims payable                            361,004             -            361,004          238,136
    Compensated absences
      payable                                     -            24,254            24,254          20,492
        Total current liabilities             361,004          44,386          405,390          321,786

Net assets:
 Invested in capital assets                       -            874,617          874,617          884,033
 Unrestricted                                 852,564        1,855,038        2,707,602        2,414,156
        Total net assets                      852,564        2,729,655        3,582,219        3,298,189
  Total liabilities and net assets    $     1,213,568   $    2,774,041    $   3,987,609    $   3,619,975
                               ALPINE SCHOOL DISTRICT
          Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets
                                   Internal Service Funds
                                  Year Ended June 30, 2009
                              With Comparative Totals for 2008

                                                                2009                             2008
                                             Industrial
                                             Insurance     School Services
                                               Fund            Fund              Total           Total

Operating revenues:
 Industrial insurance premium            $       729,755   $         -       $    729,755    $    666,540
 Other services                                      -           934,091          934,091         971,589
   Total operating revenues                      729,755         934,091         1,663,846       1,638,129

Operating expenses:
 Salaries                                         65,180         327,501          392,681         402,266
 Employee benefits                                22,402         169,024          191,426         192,405
 Medical fees                                    391,298             -            391,298         233,622
 Compensation claim payments                      70,971             -             70,971          69,386
 Excess workers compensation insurance            91,362             -             91,362          42,595
 Purchased services                               54,817          59,976          114,793         122,135
 Supplies and materials                              993         108,903          109,896         109,120
 Depreciation                                        -            64,724           64,724          45,967
   Total operating expenses                      697,023         730,128         1,427,151       1,217,496
     Operating income                             32,732         203,963          236,695         420,633

Nonoperating income:
 Earnings on investments                          18,118           5,347           23,465          42,620
 State aid                                                        23,870           23,870          24,222
   Total nonoperating income                      18,118          29,217           47,335          66,842
 Change in net assets                             50,850         233,180          284,030         487,475

Net assets - beginning                           801,714        2,496,475        3,298,189       2,810,714
Net assets - ending                      $       852,564   $    2,729,655    $   3,582,219   $   3,298,189
                                                  ALPINE SCHOOL DISTRICT
                                                Combining Statement of Cash Flows
                                                     Internal Service Funds
                                                    Year Ended June 30, 2009
                                                 With Comparative Totals for 2008

                                                                                    2009                              2008
                                                                Industrial
                                                                Insurance      School Services
                                                                  Fund             Fund              Total            Total

Cash flows from operating activities:
 Receipts from interfund services provided                  $       729,755    $     933,840     $   1,663,595    $   1,638,129
 Payments to suppliers                                             (147,172)        (373,311)         (520,483)        (151,859)
 Payments for medical fees and insurance claims                    (356,589)             -            (356,589)        (225,180)
 Payments to employees                                              (87,582)        (492,763)         (580,345)        (592,417)
    Net cash provided by operating activities                       138,412           67,766          206,178          668,673

Cash flows from non-capital financing activities:
 Receipt of state aid                                                    -            23,870           23,870           24,222

Cash flows from capital and related financing activities:
 Acquisition of capital assets                                           -            (55,308)         (55,308)               -

Cash flows from investing activities:
 Interest received                                                   18,118             5,347          23,465           42,620
    Net change in cash and cash equivalents                         156,530           41,675          198,205          735,515

Cash and Cash Equivalents - Beginning                             1,057,038         1,213,768        2,270,806        1,535,291
Cash and Cash Equivalents - Ending                          $     1,213,568    $    1,255,443    $   2,469,011    $   2,270,806

  Displayed on combining statement of net assets as:
    Cash and investments                                    $     1,213,568    $    1,255,443    $   2,469,011    $   2,270,806

Reconciliation of operating income to net cash
  provided by operating activities:
  Operating income                                          $        32,732    $     203,963     $    236,695     $    420,633
  Adjustments to reconcile operating income to
    net cash provided by operating activities:
      Depreciation expense                                               -            64,724            64,724          45,967
      (Increase) in accounts receivable                                                 (251)             (251)            -
      (Increase) decrease in inventories                                -           (178,595)         (178,595)         89,274
      Increase (decrease) in accounts payable                           -            (25,837)          (25,837)         40,945
      Increase in claims payable                                    105,680              -             105,680          69,600
      Increase in compensated absences payable                          -              3,762             3,762           2,254
         Total adjustments                                          105,680         (136,197)          (30,517)        248,040
  Net cash provided by operating activities                 $       138,412    $      67,766     $    206,178     $    668,673

Noncash investing, capital, and financing activities:             none              none             none             none
THIS STATEMENT WAS USED TO PREPARE THE INDIRECT METHOD FOR CASH FLOWS.




                                                           Graphics and
                                                             Printing                                Warehouse
                                                              Fund                                     Fund
                                                              2009         2008                        2009        2008
      Assets

Current Assets:
   Cash and Investments                         $      $      107,549      88,853     18,696     $    1,147,894    1,124,915     22,979
   Inventories                                                                                          643,730      465,136    178,594
   Accounts Receivable                                                                      0               251            0        251
Fixed Assets:
   Land                                                                                                  15,701       15,701          0
   Buildings                                                                                          1,140,581    1,140,581          0
   Equipment                                                  273,063      273,063          0           193,158      137,850     55,308
   Less: Accumulated Depreciation                            (223,187)    (198,249)   (24,938)         (524,698)    (484,913)   (39,785)

         Total Assets                           $      $      157,425     163,667      (6,242)   $    2,616,617    2,399,270    217,347
      Liabilities and Equity

Current Liabilities:
       Fund Cash Overdraft                                                                                                            0
   Accounts Payable                             $      $          408        8,358     (7,950)   $      19,725       37,612     (17,887)
Liability for claims
   Advances from other funds                                        0            0          0                                         0
   Accrued Vacation Payable                                     5,698        4,371      1,327           18,556       16,121       2,435

         Total Current Liabilities                              6,106      12,729      (6,623)          38,281       53,733     (15,452)

Net assets:
  Invested in Capital Assets                                   49,876      74,813                       824,742      809,219     15,523
  Unrestricted                                                101,443      76,125     25,318          1,753,594    1,536,318    217,276

         Total Equity                                         151,319     150,938        381          2,578,336    2,345,537    232,799

Total Liabilities and net assets                $      $      157,425     163,667      (6,242)   $    2,616,617    2,399,270    217,347

The notes to the financial statements are an integral part of this statement.
ALPINE SCHOOL DISTRICT
Selected Notes to Financial Statements

Capital assets

Capital asset activity for the year ended June 30, 2009 was as follows:

                                                            Beginning                                                  Ending
                                                             Balance            Increases          Decreases           Balance
     Governmental activities:
     Capital assets, not being depreciated
      Land                                              $    43,336,222     $      762,903     $      (949,723)   $    43,149,402
      Construction in progress                               76,487,357         96,368,495          (7,389,665)       165,466,187
      Water stock                                               654,985                -                   -              654,985
         Total capital assets, not being depreciated        120,478,564         97,131,398          (8,339,388)       209,270,574

     Capital assets, being depreciated:
      Buildings and improvements                            486,176,144          7,389,665                 -          493,565,809
      Furniture and equipment                                26,039,290          2,460,048            (504,236)        27,995,102
         Total capital assets, being depreciated            512,215,434          9,849,713            (504,236)       521,560,911

     Accumulated depreciation for:
      Buildings and improvements                            (182,648,689)       (14,130,955)              -           (196,779,644)
      Furniture and equipment                                (15,909,029)        (2,123,146)          469,404          (17,562,771)
         Total accumulated depreciation                     (198,557,718)       (16,254,101)          469,404         (214,342,415)
         Total capital assets, being depreciated, net       313,657,716          (6,404,388)           (34,832)       307,218,496
     Governmental activities capital assets, net        $ 434,136,280       $   90,727,010     $    (8,374,220)   $ 516,489,070


Depreciation expense was charged to functions of the District as follows:

     Governmental activities:
      Instructional services                                                $   11,025,371
      Supporting services:
        District administration                                                     81,276
        School administration                                                      679,802
        Operation and maintenance of facilities                                  1,479,186
        Transportation                                                           1,974,519
      School lunch services                                                        949,224
      Capital assets held by the District's internal service funds
        are charged to the various functions based on their usage
        of the assets                                                               64,723
           Total depreciation expense, governmental activities              $   16,254,101
ALPINE SCHOOL DISTRICT
Capital Assets - Cost And Accumulated Depreciation Reconciliation
Year Ended June 30, 2009


                                                      6/30/2007             Additions           Deletions            6/30/2008        Additions       Deletions       6/30/2009

Governmental funds:
 Land                                                 41,054,766.00         2,363,995.00          123,300.00         43,295,461.00       762,903.00      949,723.00    43,108,641.00
 Construction in progress                              5,548,880.00        70,938,477.00                             76,487,357.00    96,368,495.00    7,389,665.00   165,466,187.00
 Water stock                                             654,985.00                                         -           654,985.00                              -         654,985.00
 Buildings and improvements > $100,000               484,088,562.00                                                 484,088,562.00     7,389,665.00                   491,478,227.00
 Furniture and equipment > $5,000                     23,194,716.00         3,372,350.00        1,110,529.00         25,456,537.00     2,404,740.00     491,728.00     27,369,549.00

ATEC (location 819) formerly an enterprise fund:
  Land                                                    25,060.00                                                      25,060.00                                        25,060.00
  Buildings and improvements                             947,001.00                                                     947,001.00                                       947,001.00
  Furniture and equipment                                127,520.00            44,320.00                                171,840.00                        12,508.00      159,332.00

Total governmental funds and ATEC:
  Land                                                41,079,826.00         2,363,995.00          123,300.00         43,320,521.00       762,903.00      949,723.00    43,133,701.00
  Construction in progress                             5,548,880.00        70,938,477.00                 -           76,487,357.00    96,368,495.00    7,389,665.00   165,466,187.00
  Water stock                                            654,985.00                  -                   -              654,985.00              -               -         654,985.00
  Buildings and improvements > $100,000              485,035,563.00                  -                   -          485,035,563.00     7,389,665.00             -     492,425,228.00
  Furniture and equipment > $5,000                    23,322,236.00         3,416,670.00        1,110,529.00         25,628,377.00     2,404,740.00      504,236.00    27,528,881.00
                                                     555,641,490.00                                                 631,126,803.00                                    729,208,982.00

Internal service funds (locations 086, 090)
   Land                                                   15,701.00                                                      15,701.00                                         15,701.00
   Buildings and improvements                          1,140,581.00                                                   1,140,581.00                                      1,140,581.00
   Furniture and equipment                               464,885.00                                53,972.00            410,913.00        55,308.00                       466,221.00

Total District:
  Land (900, vacant)                                  41,095,527.00         2,363,995.00          123,300.00         43,336,222.00       762,903.00      949,723.00    43,149,402.00
  Construction in progress (schedule)                  5,548,880.00        70,938,477.00                 -           76,487,357.00    96,368,495.00    7,389,665.00   165,466,187.00
  Water stock (schedule)                                 654,985.00                  -                   -              654,985.00              -               -         654,985.00
  Buildings and improvements (100,104,150)           486,176,144.00                  -                   -          486,176,144.00     7,389,665.00             -     493,565,809.00
  Furniture and equipment (001-099)                   23,787,121.00         3,416,670.00        1,164,501.00         26,039,290.00     2,460,048.00      504,236.00    27,995,102.00
                                                     557,262,657.00        76,719,142.00        1,287,801.00        632,693,998.00   106,981,111.00    8,843,624.00   730,831,485.00


This is a reconciliation between the District's depreciation schedules and the financial statement note on capital assets.
This worksheet is not included with the financial statements.
Note - prior years are included hidden columns.
Caution: Enter all amounts (additions and deletions) as whole numbers.
6/30/2007        Additions       Deletions     6/30/2008        Additions       Deletions       6/30/2009




167,762,032.00   14,255,346.00                 182,017,378.00   14,078,801.00                   196,096,179.00
 14,519,847.00    1,901,388.00   942,111.00     15,479,124.00    2,074,690.00     456,896.00     17,096,918.00



   248,347.00       23,723.00                     272,070.00        23,659.00                      295,729.00
    95,270.00       10,714.00                     105,984.00        12,227.00       12,508.00      105,703.00


                                                                                                                  43,320,521.00
                                                                                                                  76,487,357.00
                                                                                                                     654,985.00
168,010,379.00   14,279,069.00          -      182,289,448.00   14,102,460.00            -      196,391,908.00   302,746,115.00
 14,615,117.00    1,912,102.00   942,111.00     15,585,108.00    2,086,917.00     469,404.00     17,202,621.00    10,043,269.00
182,625,496.00   16,191,171.00   942,111.00    197,874,556.00   16,189,377.00     469,404.00    213,594,529.00   433,252,247.00


                                                                                                                     15,701.00
   330,668.00       28,573.00                     359,241.00        28,495.00                      387,736.00       781,340.00
   360,500.00       17,394.00      53,973.00      323,921.00        36,229.00                      360,150.00        86,992.00
                                                                                                                    884,033.00

                                                                                                                  43,336,222.00
                                                                                                                  76,487,357.00
                                                                                                                     654,985.00
168,341,047.00   14,307,642.00          -      182,648,689.00   14,130,955.00            -      196,779,644.00   303,527,455.00
 14,975,617.00    1,929,496.00   996,084.00     15,909,029.00    2,123,146.00     469,404.00     17,562,771.00    10,130,261.00
183,316,664.00   16,237,138.00   996,084.00    198,557,718.00   16,254,101.00     469,404.00    214,342,415.00   434,136,280.00

373,945,993.00                                 434,136,280.00                                   516,489,070.00
ALPINE SCHOOL DISTRICT
Selected Notes to Financial Statements

Long-term liabilities

Long-term liability activity for the year ended June 30, 2007 was as follows:

                                          Beginning                                                 Ending             Due Within
                                           Balance           Additions          Reductions          Balance             One Year
    Governmental activities:
    Bonds payable:
x     General obligation bonds        $   382,210,000    $    68,000,000    $    (30,815,000)   $   419,395,000    $     30,030,000
      Deferred amounts for issuance
x      premium                             12,158,367          1,730,481          (1,494,792)        12,394,056                 -
x     Deferred amounts on refunding        (2,553,547)               -               928,169         (1,625,378)                -
          Total bonds payable, net        391,814,820         69,730,481         (31,381,623)       430,163,678          30,030,000


x Obligations under capital leases          4,120,000    $           -      $     (1,611,000)         2,509,000           1,070,000
    Compensated absences payable            1,948,003          1,967,713          (1,753,203)         2,162,513           1,946,262
      Total governmental activity
        long-term liabilities         $   397,882,823    $    71,698,194    $    (34,745,826)   $   434,835,191    $     33,046,262
ALPINE SCHOOL DISTRICT
Charges for Services
Year Ended June 30, 2009


                                                              Capital           Charges for       Charges for    Charges for   Charges for
                                                              Grants             Services          Services       Services      Services
                                                                                   1000              2200           2700         Totals

Tuition From Students                                                                 83,380                                                  777.1310
Clear creek Summer School Fees                                                       189,233                                                  777.1803.1512.23
ATEC Fees                                                                            401,980                                                  777.1750 to 1752
Adult High School Fees                                                                                                                        777.1804.1610.23
Drivers Ed Fees                                                                      299,486                                                  777.1807
Textbook Fee                                                                         473,953                                                  777.1808.500.10


Building rental fee                                                                   20,815                                                  777.1910
Irrigation water rental                                                                8,599                                                  777.1911
bus rental fee                                                                                                       676,547                  777.1914.9015.10
prop damage reimbursement                                                              5,305                                                  777.1930
Student services fund and fund 23 fees                                             5,470,346
lamination charges 5161 2220                                                                             8,509                                777.1980.5161.10.
extended year inservice est Note: since these run through an asset account I did not put this here.                                           ADD 8100.8.10.660 ACCOUNTS Marilyn Allen
Applied Technology 6915                       3025                    -
Local incentive program                       3355
School building equalization aid              3600             4,359,423                                                                      888.3600..30.
Capital equalization aid                      3605                    -

Totals                                                      4,359,423.00        6,953,097.00          8,509.00    676,547.00   7,638,153.00
ALPINE SCHOOL DISTRICT
Year Ended June 30, 2009                                           1.
Operating Grants and Contributions - Allocation                                                 x                            x                            x                                    x                                                          x
                                                         6      non k12
                                                               1200-1290                         1610                        2170-5110                         5205-5610                           5610                  5614-5901                             6100-6986
Misc revenue 777.1950.                                                                  0.00%                                                     0.00%                                                                        5,459.00          0.03%           606,704.00
Local Effort                                                                            0.00%                        0.00%                        0.00%        3,781,486.00          11.50%                1   100.00%     2,070,749.00          9.63%         6,339,258.00
Charges for services                                                                    0.00% 32,222.00              7.72%        -               0.00%          317,673.00           0.97%                      0.00%              -            0.00%                  -
Program Revenue                                               22,502,408.00            85.37% 384,961.00            92.28% 688,019.00           100.00%       28,791,635.00          87.54%                      0.00%    19,419,745.00         90.34%         5,747,570.00
Social Security and Retirement                                 3,856,291.00            14.63%        -               0.00%        -               0.00%                               0.00%                      0.00%              -            0.00%         1,348,297.00
   Total Revenue                                              26,358,699.00           100.00% 417,183.00           100.00% 688,019.00           100.00%       32,890,794.00         100.00%           1.00     100.00% 21,495,953.00           100.00%        14,041,829.00

Expenditures:
  Instructional services 1000, 3200 ATEC, 3300                22,802,364.00    19,466,367.00     417,183.00     384,961.00    559,029.00    559,029.00        32,429,088.00    28,387,470.00                      -       20,347,172.00   18,381,920.00       11,600,039.00
  Supporting services:                                                  -                -              -              -             -             -                                     -                        -                                 -
     Students 2100                                             2,535,428.00     2,164,494.00            -              -             -             -            147,954.00        129,515.00           -          -         515,987.00       466,150.00         784,036.00
     Instructional staff 2200                                    701,562.00       598,923.00            -              -      128,592.00    128,592.00          104,207.00         91,220.00                      -         274,006.00       247,541.00         344,349.00
     District administration 2300                                       -                -              -              -             -             -                                     -             -          -                -                -                  -
     School administration 2400                                  203,042.00       173,337.00            -              -             -             -            102,525.00         89,747.00           -          -         358,788.00       324,134.00
     Business 2500                                                44,240.00        37,768.00            -              -             -             -                                     -             -          -                -                -            44,239.00
     Operation and maintenance of facilities 2600                 72,063.00        61,520.00            -              -             -             -               77,985.00       68,266.00                      -                -                -
     Transportation 2700                                                -                -              -              -             -             -                     -               -             -          -                -                -                   -
     Central 2800                                                       -                -              -              -          398.00        398.00                513.00          449.00           -          -                -                -            242,494.00
     Indirect to be allocated                                           -                -              -              -             -             -               28,522.00       24,967.00           -          -                -                -          1,026,672.00
         Total Expenditures                                   26,358,699.00    22,502,409.00     417,183.00     384,961.00    688,019.00    688,019.00        32,890,794.00    28,791,634.00           -          -       21,495,953.00   19,419,745.00       14,041,829.00

      Total Expenditures paid by Program Revenue                               22,502,409.00                    384,961.00                  688,019.00                         28,791,634.00                      -                       19,419,745.00
                                                                         -                               -                            -                                  -                           (1.00)                         -                                   -

1. To come to this total I added programs 1200-1290 for both fund 10 and 23. I also added atec is in last column.8581- 8586
Transfer of 150,000 was eliminated.

Each year I have to reenter the program function on the as400 I need to see if we can't just carry these over from year to year.
You have to run the program each time by the groupings in the columns as shown on this spreadsheet to get the information.
You have to run the program each time by the groupings in the columns as shown on this spreadsheet to get the information.
You are isolating the program revenue here by function. If you have a program that only has local charges, ss & ret or local effort you do not include this here
When you look at the program for 2009 you will probably see that the program number listed is the last column of this spreadsheet.
                   x

                        7179-7910                      8581-8584                      9015                                                                Sub-Total Programs Total Programs Total Programs
      4.32%                57,694.00          0.16%
     45.15%    -            3,999.00          0.01%     (7,276.00)      -0.78%     2,409,028.00        22.38%    -                                                                                        -
      0.00%    -                 -            0.00%    401,980.00       43.36%       676,547.00         6.29%                        -                                                                    -
     40.93%    -       35,939,868.00         99.83%    532,306.00       57.42%     7,677,397.00        71.33%    -                                            121,683,909.00                   121,683,909.00
      9.60%    -                              0.00%                      0.00%              -           0.00%                                                                                             -
    100.00%    -       36,001,561.00        100.00%    927,010.00      100.00% 10,762,972.00          100.00%    -   0.00%           -           0.00%                                                    -
                                                                                                                                                                                                          -
                                                                                                                                                                                                          -
4,748,102.00           33,825,714.00   33,767,750.00   887,745.00    509,759.00                            -          -                                       106,205,358.00                   106,205,358.00
         -                                       -                          -                                                                                            -                                -
  320,920.00   -         328,164.00       327,602.00                        -                              -          -                                         3,408,681.00                     3,408,681.00
  140,948.00   -         226,410.00       226,022.00                        -                              -          -                                         1,433,246.00                     1,433,246.00
         -     -                -                -            -             -                              -          -                                                  -                                -
         -     -                -                -            -             -                              -          -                                           587,218.00                       587,218.00
   18,108.00   -                -                -            -             -                                         -                                            55,876.00     170,324.00        226,200.00
         -     -                                 -      39,265.00     22,547.00                            -          -                                           152,333.00     619,785.00        772,118.00
         -     -        1,195,056.00    1,193,008.00          -             -     10,762,972.00   7,677,397.00        -                                         8,870,405.00                     8,870,405.00
   99,257.00               80,718.00       80,580.00          -             -                              -          -                                           180,684.00            -          180,684.00
  420,235.00   -          345,499.00      344,907.00          -             -                              -          -                                           790,109.00    (790,109.00)              -
5,747,570.00   -       36,001,561.00   35,939,869.00   927,010.00    532,306.00   10,762,972.00   7,677,397.00   -    -              -                -       121,683,910.00            -      121,683,910.00

5,747,570.00   -                 -     35,939,869.00                 532,306.00                   7,677,397.00        -                               -       121,683,910.00
                                 -                            -                              -                               s/b o       Difference                    (1.00)

                                                                                                                                         Indirect Cost Allocation from AFR Schedule K

                                                                                                                                                  2500             6,655,154       0.215571
                                                                                                                                                  2600            24,217,128       0.784429
                                                                                                                                                  2800                   -               -
                                                                                                                                                  2900                   -               -
                                                                                                                                                                  30,872,282        1.000000
                                                     Early Retirement Payable Comparison
                                                   2004-2005     2005-2006       2006-2007       2007-2008   2008-209       Total


Admin Pay 6-30-2005                               339,809.00      215,005.00        131,482.00   57,595.00                743,891.00
Admin Pay 6-30-2006                                                                 140,053.73   50,141.32    2,885.98    190,195.05
Difference                                                                                                                553,695.95

Other Early Retirement Payable 6-30-2005                                                                                 3,884,018.00
Other Early Retirement Payable 6-30-2006                                                                                 1,127,064.95
Difference                                                                                                               ###########

Combined Totals 6-30-2005                                                                                                4,627,909.00
Combined Totals 6-30-2006                                                                                                1,317,260.00
Combined Difference                                                                                                      3,310,649.00


Admin Pay 6-30-2006                                                                                                       190,195.00
Admin Pay 6-30-2007                                                                              50,141.22                 50,141.22
Difference                                                                                                                140,053.78

Admin Pay 6-30-2007                                                                                                        50,141.22
Admin Pay 6-30-2008                                                                              50,141.22                       -
Difference                                                                                                                 50,141.22

Other Early Retirement Payable 6-30-2006                                                                                 1,127,065.00
Other Early Retirement Payable 6-30-2007                                                                                   332,453.78
Difference                                                                                                                (794,611.22)

Other Early Retirement Payable 6-30-2007                                                                                  332,453.78
Other Early Retirement Payable 6-30-2008                                                                                            0
Difference                                                                                                                332,453.78

Combined Totals 6-30-2006                                                                                                1,317,260.00
Combined Totals 6-30-2007                                                                                                  382,595.00
Combined Difference                                                                                                        934,665.00

Combined Totals 6-30-2007                                                                                                 382,595.00
Combined Totals 6-30-2008                                                                                                        -
Combined Difference                                                                                                       382,595.00

Early retirement is now cleard from the book, all is paid at the end of the year.
ALPINE SCHOOL DISTRICT
GASB 34 Analysis of Funds - Major vs. Nonmajor
June 30, 2009
                                                                                                                                                                           To qualify as a
                                                                                                                                                                           major fund, only
                                                                                                                                                                           one element has
                                                                                                               Exclude other financing           Exclude other             to exceed the
                                                                                                               sources.                          financing uses.           10% test.



                       Elements                               Assets                     Liabilities                     Revenues                Expenditures/Expenses
                                                                        Rule                           Rule                              Rule                     Rule       Qualifies as
                                                                                                                                                 Expenditures/                    a
                                                        Amount          10%          Amount            10%          Amount               10%      Expenses        10%        Major Fund
Governmental Funds:
   General fund                                        160,197,494     40.8%        121,899,682        57.1%        339,875,554          77.9%     334,736,379     63.6%       Always
   Special Revenue Funds:
       Non K-12                                          4,531,336      1.2%          4,111,114         1.9%          5,051,145           1.2%       5,070,195      1.0%          No
       Alpine Foundation                                 2,852,318      0.7%             12,678         0.0%            997,430           0.2%         933,266      0.2%          No
       School lunch                                      7,066,156      1.8%            577,651         0.3%         18,617,615           4.3%      19,136,438      3.6%          No
       Alpine Transition & Employment Center                46,805      0.0%              1,533         0.0%            934,286           0.2%       1,077,010      0.2%          No
       Student Activity                                  8,962,391      2.3%          2,363,531         1.1%                -             0.0%             -        0.0%          No
   Debt service fund                                    54,043,193     13.8%         51,708,424        24.2%         45,049,154          10.3%      47,528,096      9.0%          Yes
   Capital projects fund                               154,897,910     39.5%         32,765,028        15.4%         25,817,093           5.9%     117,439,282     22.3%          Yes
        Total governmental funds                       392,597,603                  213,439,641                     436,342,277                    525,920,666

10% of total governmental funds                         39,259,760                   21,343,964                      43,634,228                      52,592,067


The District has no enterprise funds and therefore the 5% rule is not applicable.

Yellow Highlight signifies that the element has exceeded the applicable rule.

Note: The major fund reporting requirements do not apply to internal service funds and fiduciary funds. As a result, the following funds were not analyzed:
    Industrial Insurance Fund (Internal Service Fund)
    Student Services (Internal Service Fund)
    Post-Retirement Benefits Trust Fund (Fiduciary Fund)
ALPINE SCHOOL DISTRICT
June 30, 2009
GASB 34 Fund Structure



                              Governmental Funds                                          Proprietary Funds                                Fiduciary Funds
                                                                                                                                   Pension (and
                                                                                                                        Private
                   Special                                          Permanent                                                         Other
   General                        Debt Service   Capital Projects                   Enterprise    Internal Service     Purpose                        Investment
                   Revenue                                            Funds                                                          Employee                      Agency Funds
    Fund                            Funds            Funds                           Funds             Funds         Trust Funds                     Trust Funds
                    Funds                                             (New)                                                        Benefits) Trust
                                                                                                                        (New)
                                                                                                                                      Funds

General         Non K-12         Debt Service    Capital                                          Industrial Insurance             Post-Retirement
                School Lunch                      Projects                                        Student Services                  Benefits Trust
                Foundation
                ATEC
                Student Activity

Foundation is a 501(c)(3) nonprofit organization. Reported as a blended component unit.
                                                                                      ALPINE SCHOOL DISTRICT
                                                                                    Comparative Statements of Net Assets
                                                                                           June 30, 2004 - 2001

2006 is not finished here.
                                                                                     2007            2006               2005            2004            2003            2002            2001
Assets:
   Cash and investments                                                           ########## $ 94,374,828           $ 126,777,464   $ 113,149,414   $ 146,846,185   $ 95,689,363    $ 91,816,343
   Receivables:
      Property taxes                                                             115,771,708       100,182,299         87,979,135      78,492,033      73,934,806      66,959,473      55,964,194
      other local                                                                     99,595         1,107,251
      State                                                                          759,251           739,271
      Federal                                                                      6,447,255         7,715,916
      Other governments                                                                                                 7,142,463       7,330,975       5,542,715      21,142,019       2,704,097
      Other                                                                                                             2,103,520       1,360,466         964,993       1,009,987         811,737
   Note receivable                                                                  2,522,953        2,638,979          4,823,657       2,288,005             -               -               -
   Inventories                                                                      1,304,508        1,129,453          1,158,905       1,301,580       1,063,042       1,213,328       1,038,828
   Bond issuance costs, net of accumulated amortization                             1,794,147        1,445,316          1,621,455       1,622,767       1,260,823         490,899         291,388
   Capital assets:
      Land, construction in progress, and water stock                             47,299,392        67,732,431        59,049,308     104,002,984      96,707,826      53,323,141      29,068,306
      Other capital assets, net of accumulated depreciation                      326,646,601       310,258,119       296,830,232     239,375,811     193,825,813     181,529,960     186,063,987
          Total assets                                                           692,807,073       587,323,863       587,486,139     548,924,035     520,146,203     421,358,170     367,758,880

Liabilities:
   Accounts payable                                                                4,381,613         5,241,068          4,616,915       7,965,314       9,651,899       7,082,671       2,513,433
   Accrued interest                                                                4,255,681         3,653,695          3,985,043       3,682,295       3,396,378       2,844,342       2,774,474
   Accrued salaries                                                               26,727,826        25,216,267         24,484,758      21,839,223      20,300,694      19,554,634      18,191,219
   Deferred revenue:
       Property taxes                                                             12,460,975        96,867,985         86,700,434      77,121,393      74,053,418      66,072,845      57,378,087
       Other governments                                                                                               11,449,199      11,354,772      10,715,214      10,841,283      10,932,478
       Other local                                                                 1,522,206           583,182            559,678         435,665         325,157         340,483         329,827
       State                                                                      13,670,883        10,061,629
       Federal                                                                        20,848               938
   Noncurrent liabilities:
       Due within one year                                                        31,824,295        26,443,821        27,865,471      24,045,736      20,562,743      19,074,647      16,043,764
       Due in more than one year                                                 306,490,398       256,993,888       280,064,052     268,685,919     263,312,260     179,900,740     152,621,806
          Total liabilities                                                      401,354,725       425,062,473       439,725,550     415,130,317     402,317,763     305,711,645     260,785,088

Net Assets:
   Invested in capital assets, net of related debt                               116,932,458       105,191,516         95,793,822      96,821,657      83,915,492      75,597,795      64,749,760
   Restricted for:
      School lunch                                            ######### ###        6,171,964         4,661,920          3,178,881       2,204,532       1,747,738       2,950,644       3,292,726
      Non K-12 programs                                             (38,287)         193,709           231,996            321,300         238,919         193,249         154,250         117,165
      Alpine Transition & Employment Center                           2,895           34,533            31,638             87,777         204,447         268,089         246,129         104,846
      Foundation                                                    325,345        2,556,434         2,231,089          2,079,842       1,949,898       1,860,195       1,812,824       1,686,965
      Student Activities                                      ######### ###        5,408,977
      Debt service                                            #############        3,328,499         3,975,993          2,009,857         451,590             -           619,645          27,644
      Capital projects                                        ######### ###       18,774,707        16,985,677         16,400,690       4,793,366       9,012,615      14,604,974      21,076,840
   Unrestricted                                               ######### ###       37,754,363        28,951,561         27,888,420      27,129,309      20,831,062      19,660,264      15,917,846
          Total net assets                                    ########## ##       ########## $ 162,261,390          $ 147,760,589   $ 133,793,718   $ 117,828,440   $ 115,646,525   $ 106,973,792

                                                                  28,894,254     592,510,369       587,323,863       587,486,139     548,924,035     520,146,203     421,358,170     367,758,880




Source: Information taken from District's audited financial statements. This summary itself has not been audited.
                                                 ALPINE SCHOOL DISTRICT
                                               Comparative Statements of Activities
                                                     Govenmental Activities
                                                 Years Ended June 30, 2006-2001

                                                                        Net Change              2008               2007

Revenues:
 Program revenues:
   Charges for services                                                  $      626,198        $ 15,237,354    $    14,611,156
   Operating grants and contributions                                        23,147,943         101,296,578         78,148,635
   Capital grants and contributions                                           7,276,240          16,156,873          8,880,633
 General revenues:                                                                  -                   -
   Property taxes                                                            27,366,805         115,448,519         88,081,714
   Federal and state aid not restricted to                                          -                   -
     specific purposes                                                        8,550,109         165,060,798        156,510,689
   Earnings on investments                                                    1,802,134          10,659,245          8,857,111
   Miscellaneous                                                                 24,725           9,587,792          9,563,067
      Total revenues                                                         68,794,154         433,447,159        364,653,005

Expenses:
 Instructional services                                                      40,551,988         274,276,334        233,724,346
 Supporting services:                                                               -                   -
   Students                                                                   1,218,123           9,392,787          8,174,664
   Instructional staff                                                          551,675          14,074,585         13,522,910
   District administration                                                      (69,113)          1,042,414          1,111,527
   School administration                                                      1,319,787          19,166,901         17,847,114
   Business                                                                     125,546           1,707,208          1,581,662
   Operation and maintenance of facilities                                    1,621,790          26,041,118         24,419,328
   Transportation                                                             1,362,368          13,014,373         11,652,005
   Central                                                                      402,349           4,949,516          4,547,167
 School lunch services                                                        1,330,405          16,783,541         15,453,136
 Interest on long-term liabilities                                            1,962,586          14,803,640         12,841,054
      Total expenses                                                         50,377,504         395,252,417        344,874,913
  Excess of revenues over expenditures                                       18,416,650          38,194,742         19,778,092
Special item - gain on sale of land and buildings                             2,869,149           2,869,149          4,162,411
  Increase in net assets                                                     17,123,388          41,063,891         23,940,503
Net assets - beginning                                                       23,940,503         191,155,644        167,215,141
Student Activity Fund adjustment
Net assets - ending                                                 $               -      $    232,219,535    $   191,155,644

Revenues and expenses per pupil:
 Property taxes                                                     $              396 $               1,965   $          1,569
 Other local                                                                        15                   604                589
 State                                                                             465                 4,359              3,894
 Federal                                                                             5                   450                445
 Special item                                                                      (25)                   49                 74
    Total revenues per pupil                                        $              856     $           7,427   $          6,571
  Expenses per pupil                                                $              584     $           6,729   $          6,145
  Student population                                                              2,616              58,740            56,124


Property taxes                                             26.63%            27,366,805         115,448,519         88,081,714
Local revenue                                               8.19%             2,453,057          35,484,391         33,031,334
State revenue                                              59.08%            37,513,162         256,069,276        218,556,114
Federal revenue                                             6.10%             1,461,130          26,444,973         24,983,843
Total                                                     100.00%            68,794,154         433,447,159        364,653,005
Special Item                                                                  2,869,149           2,869,149          4,162,411
Total                                                                        67,500,892         436,316,308        368,815,416
.
2006 Qyestions
Treatment of LT note in statement of Net Assets

When ATEC was an internal service fund I did not include the chages for sevices for the statement of activities.
I have now included this. Are we ok here?


I did not include the bus lease and ATEC car purchase for equpiemnt items in the statemnt of activities. Is this correct?


   A reduction of land of $536,453? Check with Charlie on this, this must have been an adjustment or something? Ask Paul a
   for the effect on the aje i.

Last year I had cell k28 on the net asset calculatin tab the amount of $13,056,867 from the year 2005 workbook. I thik this was
for construction commitments, although the amount for this in the books for the year 2005 was$25,576,774

2007 Questions:

Please help me look at the Student activities fund. I added the other liabilities to the balance sheet now it is too long. And will n
Also, what do you think about the format of the student activities fund?
Where I have included the student activities fund in the presentations in the combining statements they are a bit crowded, is it o


Ray, your suggestions to net some items makes the budget to no longer correlate where we have a budget but not activity. Any

On the trial balance we are off by the amount of the beginning fund balance of the student activity fund. Are we ok as presente
period adjustment? For now I have restated 2006 net assets to include a beginning balance for the Student activity fund what d
(See MDA comparative years, beginning net assets on statement of activities comparative statistical schedules in the back.)
The MDA analysis showes a big increase in other local revenue because last year is not restated, how should we deal with this
What lines are best to eliminate to get the reconciliation of the statement of activities to fit on one page?

Added to the SSAP "with the exception of interfund services provided and used are not eliminated in the process of conso

Tell ray about the problem with the special item with the east shore HS problem.
atement of activities.



t of activities. Is this correct?


djustment or something? Ask Paul and Ray


 year 2005 workbook. I thik this was relating to designations
was$25,576,774



ce sheet now it is too long. And will not fit on one page.

ements they are a bit crowded, is it ok?


e have a budget but not activity. Any thoughts on this?

 activity fund. Are we ok as presented, or do we need some type of prior
ce for the Student activity fund what do you think about this?
 statistical schedules in the back.)
 stated, how should we deal with this?
on one page?

 eliminated in the process of consolidation"
                                                    413f5f31-1984-451d-8584-1355768b2580.xls


                                       ALPINE SCHOOL DISTRICT
                                    MARKET VALUE OF PROPERTY TAX
                                            TAX YEAR 2005
                                                                              MV
                                                          TAXABLE         CONVERSION       MARKET
                                                           VALUE             RATE          VALUE

CENTRALLY ASSESSED PROPERTY                                 278,990,359                1       278,990,359

RESIDENTIAL REAL ESTATE - PRIMARY USE                     5,739,309,647           0.55     10,435,108,449
OTHER RESIDENTIAL REAL ESTATE                               119,631,069              1        119,631,069
TOTAL COMMERCIAL AND INDUSTRIAL                           2,082,701,126              1      2,082,701,126
TOTAL FARMLAND ASSESSMENT ACT FAA                             8,233,307              1          8,233,307
TOTAL UNIMPROVED NON FAA                                    277,812,286              1        277,812,286
AGRICULTURAL                                                 20,506,531              1         20,506,531
TOTAL LOCAL ASSESSED REAL PROPERTY                        8,248,193,966

PRIMARY MOBILE HOME                                          11,293,051           0.55          20,532,820
SECONDARY MOBILE HOME                                                 0              1                   0
TOTAL OTHER BUSINESS PERSONAL                               529,265,805              1         529,265,805
TOTAL PERSONAL PROPERTY                                     540,558,856



TOTAL LOCALLY ASSESSED                                    8,788,752,822


TOTAL TAXABLE VALUE                                       9,067,743,181

TOTAL FAIR MARKET VALUE                                                                    13,772,781,752

Age Based Value Estimate (Age based revenue/.015)           754,440,505




                                                                    Page 28
                                                    413f5f31-1984-451d-8584-1355768b2580.xls


                                       ALPINE SCHOOL DISTRICT
                                    MARKET VALUE OF PROPERTY TAX
                                            TAX YEAR 2006
                                                                              MV
                                                          TAXABLE         CONVERSION       MARKET
                                                           VALUE             RATE          VALUE

CENTRALLY ASSESSED PROPERTY                                 343,388,287                1       343,388,287

RESIDENTIAL REAL ESTATE - PRIMARY USE                     8,073,874,917           0.55     14,679,772,576
OTHER RESIDENTIAL REAL ESTATE                               119,087,611              1        119,087,611
TOTAL COMMERCIAL AND INDUSTRIAL                           2,433,860,300              1      2,433,860,300
TOTAL FARMLAND ASSESSMENT ACT FAA                           110,237,930              1        110,237,930
TOTAL UNIMPROVED NON FAA                                    101,981,128              1        101,981,128
AGRICULTURAL                                                 20,339,326              1         20,339,326
TOTAL LOCAL ASSESSED REAL PROPERTY                       10,859,381,212

PRIMARY MOBILE HOME                                          10,510,319           0.55          19,109,671
SECONDARY MOBILE HOME                                                 0              1                   0
TOTAL OTHER BUSINESS PERSONAL                               530,217,145              1         530,217,145
TOTAL PERSONAL PROPERTY                                     540,727,464



TOTAL LOCALLY ASSESSED                                   11,400,108,676


TOTAL TAXABLE VALUE                                      11,743,496,963

TOTAL FAIR MARKET VALUE                                                                    18,357,993,974

Age Based Value Estimate (Age based revenue/.015)           986,599,179




                                                                    Page 29
                                    General Fund Due From other governmental funds
Neg cash none this year

8100.7..10.xxx this does not include amounts in the 600 program                        1,111,846.71
8100.14..10. These are july receipts from schools applicable to the prior year.          139,287.85
8100.8..10.129 Central Space Center                                                       40,188.72

8100.8..10.944 Amounts due from the foundation




                                         General Fund Due To Other governmental

Neg cash none this year.
Interest pay
9500.50..10.944 These are amounts due to foundation from payroll
9500.40..10. interest payable to the foundation (This amount is in general payables)
         -



1,291,323.28

   12,678.12
         -
1,304,001.40




         -
         -
      120.00
    6,848.00
    6,968.00
                                          ALPINE SCHOOL DISTRICT
                                             Proposed Bond Projects
                                                   2007-2111

       Project Name                                City

New Construction

New high school                   Lehi / Saratoga Springs
Two new middle schools            North and west area of District
Five new elementary schools       North and west area of District

Major Addition and Remodel

Orem High School                  Orem
Pleasant Grove High School        Pleasant Grove

Lone Peak High School             Highland


Mountain View High School         Orem

American Fork Junior High         American Fork
Lakeridge Junior High             Orem

Orem Junior High                  Orem

Pleasant Grove Junior High        Pleasant Grove

Highland Elementary               Highland
Eagle Valley Elementary           Eagle Mountain
Shelley Elementary                American Fork
Greenwood Elementary              American Fork
Sego Lily Elementary              Lehi
Meadow Elementary                 Lehi
Dan Peterson Elementary           American Fork

Other Projects and Acquisitions

Land                              Not designated
Multiple                          Multiple
HOOL DISTRICT
 Bond Projects
07-2111

                                Type



         New construction
         New construction
         New construction



         Reconstruction / rebuild
         Major addition / renovation
          additional classroom wing and labs
         New gym / recreation facility and parking -
          possible joint project with Highland,
          Cedar Hills and Alpine Cities.
         New gym addition

         New auditorium / renovate existing auditorium
         New media center and office space / renovate
          existing media into classrooms
         Addition / renovate lunchroom and kitchen /
          improve gym seating and space
         Addition / renovate lunchroom

         Classroom addition / renovation
         Classroom addition / renovation
         Classroom addition / renovation
         Classroom addition / renovation
         Classroom addition / renovation
         Classroom addition / renovation
         Classroom addition / renovation



         Property
         Seismic upgrades / electric / data rewiring
01 Alpine                               2007-2008                       2008-2009                          2009-2010
                                 TAX          ACTUAL       TAX       AMOUNT         ACTUAL          TAX
                              RATE
Detail Schedule of Property Tax              REVENUE       RATE      BUDGETED       REVENUE         RATE
                               10 GENERAL FUND
Basic Program (53A-17a-135)       .001311     17,804,329   .001250     17,835,128      18,463,226    .001433
Voted Leeway (53A-17a-133)        .001400     19,013,013   .001468     20,945,575      20,614,907    .001600
                              .000400     5,432,289
Board Leeway (53A-17a-134) (Class Size Reduction)          .000391      5,578,828       5,153,727    .000400
Board Leeway (53A-17a-151) (Reading Program)
P.L. 81-874 (53A-17a-143)
Transportation (53A-17a-127)      .000135      1,833,398   .000123      1,754,977       1,571,887    .000122
Tort Liability (63-30-27)         .000022       298,776    .000020       285,362         257,686     .000020
Redemptions - Basic Levy                       3,194,097                5,382,366
Redemptions - Voted Leeway
Redemptions - Board Leeway
Redemptions - Special Transportation
Redemptions - Tort Liability
Redemptions - Reading Levy
Vehicle Fees in Lieu of Tax (59-2-405) - Basic5,880,229                 4,043,687
Vehicle Fees in Lieu of Tax Board Leeway
Vehicle Fees in Lieu of Tax - Voted Leeway
Vehicle Fees in Lieu of Tax (59-2-405) - Sp. Trans.
Vehicle Fees in Lieu of Tax (59-2-405) - Tort Liab.
Vehicle Fees in Lieu of Tax - Reading
Judgement Recovery (59-2-1328)
Tax Refunds                       xxx                      xxx                                       xxx


TOTAL GENERAL FUND NO. 10.003268              53,456,131   .003252     55825923.0      46061433.0   .0035750
                               23 NON K-12 PROGRAMS FUND
Recreation (11-2-7)               .000106      1,439,556   .000100      1,426,810       1,416,403    .000097
Vehicle Fees in Lieu of Tax (59-2-405)          190,730                  165,509         163,592
                              xxx
Tax Sales and Redemptions & Other               103,676    xxx           124,345         110,955     xxx
Judgement Recovery (59-2-1328)
Tax Refunds                       xxx                      xxx                                       xxx


TOTAL NON K-12 FUND NO. 23 .000106             1,733,962   .000100      1,716,664       1,690,950    .000097
                               31 DEBT SERVICE FUND
                               .002485 33,748,098
Gen Oblig Debt (11-14-19/53A-17a-145/ 53A-21-103)          .002638     37,639,255      37,364,717    .002758
Vehicle Fees in Lieu of Tax (59-2-405)         4,471,349                4,366,139       4,315,553
                              xxx
Tax Sales and Redemptions & Other              2,425,558   xxx          3,280,211       2,926,992    xxx
Judgement Recovery (59-2-1328)
Tax Refunds                       xxx                      xxx                                       xxx


                         .002485
TOTAL DEBT SERVICE FUND NO. 31                40,645,005   .002638     45,285,605      44,607,262    .002758
                               32 CAPITAL PROJECTS FUND
Capital Outlay Foundation (53A-21-101 thru 105)
                                .000360     4,889,060      .000349      4,979,568     5,005,933      .000368
10% of Basic (53A-17a-145)        .000718      9,750,959   .000718     10,244,497    10,107,089      .000743
Voted Capital (53A-16-110)
                                            1,939,684
Vehicle Fees in Lieu of Tax (59-2-405) Cap Found                        1,765,986       1,745,525
Vehicle Fees in Lieu of Tax (59-2-405) 10% Basic
                              Foundation 1,055,932
Tax Sales and Redemptions Capxxx                           xxx          1,326,757       1,183,890    xxx
Tax Sales and Redemptions 10% of Basic
Judgement Recovery (59-2-1328)
Tax Refunds                       xxx                      xxx                                       xxx
                         .001078
TOTAL CAPITAL PROJECTS FUND NO. 3217,635,635    .001067    18,316,808   18,042,437   .001111
                       TOTAL OF ALL FUNDS
TOTALS - ALL FUNDS        .006937 113,470,733   .007057   121,145,000           0    .007541
2009-2010
      AMOUNT
    ANTICIPATED


            20,966,671   0.400839
            23,410,101   0.447552
             5,852,525   0.111888


             1,785,020   0.034126
              292,626    0.005594
             4,023,611


                         46061433



             5,918,595




   62249149.0000000 ##########


             1,400,859
              160,588
              124,521




             1,685,968


            39,901,886
             4,574,182
             3,546,834




            48,022,902


             5,256,987   0.331233
            10,815,234   0.668767

             1,842,451


             1,428,642
 19,343,314   15,113,022


131,301,333

				
DOCUMENT INFO
Description: Employee Absence Excel Template 2009 document sample