ORANGE COUNTY PUBLIC SCHOOLS INTERNAL FUNDS

Transcription

1 ORANGE COUNTY PUBLIC SCHOOLS INTERNAL FUNDS FINANCIAL STATEMENT June 30, 2014

2 Table of Contents REPORT Independent Auditor s Report 1 FINANCIAL STATEMENT Statement of Fiduciary Assets and Liabilities 3 Notes to Financial Statement 4 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School 6 Exhibit A Listing of Schools 58 Independent Auditor s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 61 Financial Reporting and Compliance with Certain Laws and Regulations 63 Management Letter Under Separate Cover

3 INDEPENDENT AUDITOR S REPORT The School Board of Orange County, Florida Orlando, Florida Report on the Financial Statements We have audited the accompanying statement of fiduciary assets and liabilities of Orange County Public Schools Internal Funds, for those one hundred ninety five schools listed in Exhibit A to the financial statement, as of and for the year ended June 30, 2014, and the related notes to the financial statement, as listed in the table of contents. Management s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of this financial statement in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of a financial statement that is free from material misstatement, whether due to fraud or error. Auditor s Responsibility Our responsibility is to express an opinion on the financial statement based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statement. The procedures selected depend on the auditor s judgment, including the assessment of the risks of material misstatement of the financial statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity s preparation and fair presentation of the financial statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 1

4 Opinion In our opinion, the financial statement referred to above presents fairly, in all material respects, the respective financial position of Orange County Public Schools Internal Funds, for those one hundred ninety five schools listed in Exhibit A to the financial statement, as of June 30, 2014, in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matter As discussed in Note 1, the financial statement presents only the statement of fiduciary assets and liabilities of Orange County Public Schools Internal Funds, for those one hundred ninety five schools listed in Exhibit A, and does not purport to, and does not, present fairly the financial position of the Orange County School District, as of June 30, 2014, in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter. Other Matters Supplementary Information Our audit was conducted for the purpose of forming an opinion on the basic financial statement of Orange County Public Schools Internal Funds taken as a whole. The accompanying supplemental schedule of revenues, expenditures and changes in internal accounts payable by school for the year ended June 30, 2014 is presented for purposes of additional analysis and is not a required part of the basic financial statement. The supplemental schedule of revenues, expenditures and changes in internal accounts payable by school for the year ended June 30, 2014 is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statement. Such information has been subjected to the auditing procedures applied in the audit of the financial statement and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statement or to the financial statement itself, and other additional procedures in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller of the United States. In our opinion, the information is fairly stated in all material respects in relation to the financial statement as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 10, 2014, on our consideration of the Orange County Public Schools Internal Funds internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Orange County Public Schools Internal Funds internal control over financial reporting and compliance. Orlando, Florida December 10,

5 Statement of Fiduciary Assets and Liabilities June 30, 2014 ASSETS Cash and cash equivalents $ 14,661,019 Accounts receivable 159,254 Inventory 281,549 LIABILITIES $ 15,101,822 Accounts payable $ 720,264 Internal accounts payable 14,381,558 $ 15,101,822 See accompanying notes to financial statement. 3

6 Notes to Financial Statement NOTE 1: NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES NATURE OF THE OPERATIONS Orange County Public Schools (the School Board ) Internal Funds are comprised of individual student activity account balances of the public schools located within the geographical boundaries of the Orange County School District (the Schools or the District ). This financial statement includes the internal funds of the one hundred ninety five schools listed in Exhibit A. The Orange County School Board is the governing body of the Schools, and is composed of eight elected members. The Superintendent of Schools is the executive officer of the Board. The Orange County District School Board is part of the State of Florida system of public education under the general direction and control of the State Board of Education. The Schools internal funds are included as agency funds in the School Board s comprehensive annual financial report. The accompanying financial statement presents only the Schools Internal Funds and is not intended to present fairly the financial position and results of operations of the School Board, in conformity with accounting principles generally accepted in the United States of America. BASIS OF ACCOUNTING In accordance with Florida Statutes, the School Board accounts for its student activity accounts as an agency fund. This fund is organized into sub funds to account for each school in the District. The operations of each sub fund are accounted for with a separate set of self balancing accounts that comprise each school s assets, liabilities, fund balance, revenues and expenditures. Each sub fund is divided into seven student activity/project classifications. These classifications are athletics, music, classes, clubs, departments, trusts and general. The financial statement of the Schools internal funds has been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) as applied to governmental units. CASH AND CASH EQUIVALENTS Cash and cash equivalents consist of deposits and other highly liquid cash equivalents held by qualified public depositories under the laws of the State of Florida. All deposits are collateralized by securities held in Florida s multiple financial institution collateral pool required by Sections and , Florida Statutes. Certain deposits are also insured by the Federal Deposit Insurance Corporation. 4

7 Notes to Financial Statement CASH AND CASH EQUIVALENTS (Continued) At June 30, 2014, approximately $2,900,000 was invested in the Local Government Surplus Funds Trust Fund (Florida PRIME Fund), which is rated AAAm by Standard and Poor s with a weighted maturity of 40 days. The fund is considered to be a 2a7 like pool. INVENTORY Inventory consists of book store items, school store items, locks for sale or rent, and uniforms, and is valued at the lower of cost (determined on first in, first out method), or market. USE OF ESTIMATES The preparation of the financial statement in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Actual results could differ from those estimates. 5

8 SUPPLEMENTAL SCHEDULES

9 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Aloma Andover Apopka Arbor Ridge Elementary Elementary Elementary K 8 Revenue: Athletics $ $ $ $ 5,303 Music ,699 Classes 2,582 3,347 Clubs 1,140 3, ,520 Departments 1, ,721 Trust 25, , ,944 28,730 General 15,018 15,575 12,463 18,810 Total revenue 45, , ,185 75,783 Expenditures: Athletics 3,864 Music 17 18,706 Classes 2,241 3,455 Clubs 954 5, ,192 Departments 1,688 1,182 2,967 Trust 23, , ,884 25,745 General 16,661 16,778 15,498 14,897 Total expenditures 45, , ,745 67,371 Excess of revenue over/ (under) expenditures before other financing sources (uses) 694 1,781 (2,560) 8,412 Other financing sources (uses): Intra fund transfers in 1,992 1, Intra fund transfers out (1,992) (1,894) (977) (233) Excess of revenue over/ (under) expenditures 694 1,781 (2,560) 8,412 Internal accounts payable beginning of year 11,897 14,080 13,039 21,624 Internal accounts payable end of year $ 12,591 $ 15,861 $ 10,479 $ 30,036 See independent auditor s report. 6

10 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Audubon Bay Park Avalon Azalea Park Meadows Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music Classes 2,357 12,751 8,007 Clubs 5, Departments 75 Trust 327, ,087 99,888 74,751 General 9,312 16,716 7,439 22,024 Total revenue 339, , , ,247 Expenditures: Athletics Music Classes 3,361 12,523 9,043 Clubs 6, Departments 1, Trust 319, ,078 98,806 96,030 General 5,130 12,750 7,131 22,390 Total expenditures 330, , , ,253 Excess of revenue over/ (under) expenditures before other financing sources (uses) 9,206 32,922 1,489 (23,006) Other financing sources (uses): Intra fund transfers in 44 11, ,760 Intra fund transfers out (44) (11,073) (22) (1,760) Excess of revenue over/ (under) expenditures 9,206 32,922 1,489 (23,006) Internal accounts payable beginning of year 7,092 40,291 7,929 80,686 Internal accounts payable end of year $ 16,298 $ 73,213 $ 9,418 $ 57,680 See independent auditor s report. 7

11 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Blankner Bonneville Brookshire Camelot K 8 Elementary Elementary Elementary Revenue: Athletics $ 5,410 $ $ $ Music 18,921 2, Classes 7, ,244 Clubs 30, Departments 1, Trust 29, , ,784 30,897 General 26,442 13,651 5,048 9,796 Total revenue 120, , ,342 43,937 Expenditures: Athletics 6,636 Music 17,264 2, Classes 6,539 3, ,441 Clubs 30, Departments 1, Trust 28, , ,694 33,788 General 33,738 9,756 5,999 14,221 Total expenditures 124, , ,776 52,417 Excess of revenue over/ (under) expenditures before other financing sources (uses) (3,853) 3,710 6,566 (8,480) Other financing sources (uses): Intra fund transfers in 6,846 3,782 1, Intra fund transfers out (6,846) (3,782) (1,404) (217) Excess of revenue over/ (under) expenditures (3,853) 3,710 6,566 (8,480) Internal accounts payable beginning of year 34,609 8,991 19,114 19,269 Internal accounts payable end of year $ 30,756 $ 12,701 $ 25,680 $ 10,789 See independent auditor s report. 8

12 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Castle Creek Catalina Cheney Chickasaw Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 1, Classes 1,410 Clubs 354 Departments 3, Trust 11,829 5,655 97, ,789 General 13,863 4,023 7,009 7,405 Total revenue 32,169 9, , ,917 Expenditures: Athletics Music 1, Classes 2,530 Clubs 1,153 Departments 3, Trust 25,944 3,907 95, ,525 General 3,626 8,910 6,870 8,276 Total expenditures 38,246 12, , ,383 Excess of revenue over/ (under) expenditures before other financing sources (uses) (6,077) (3,154) 1,567 (466) Other financing sources (uses): Intra fund transfers in Intra fund transfers out (982) (543) (100) (424) Excess of revenue over/ (under) expenditures (6,077) (3,154) 1,567 (466) Internal accounts payable beginning of year 15,155 9,043 9,623 12,134 Internal accounts payable end of year $ 9,078 $ 5,889 $ 11,190 $ 11,668 See independent auditor s report. 9

13 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Citrus Clarcona Clay Springs Columbia Elementary Elementary Elementary Elementary Revenue: Athletics $ 23 $ $ $ Music ,542 Classes 5, Clubs Departments Trust 24,695 19, , ,072 General 21,180 19,215 19,192 28,493 Total revenue 52,234 39, , ,107 Expenditures: Athletics Music ,746 Classes 5,473 1,333 Clubs 145 Departments Trust 24,531 16, , ,129 General 23,830 22,157 24,579 28,929 Total expenditures 54,525 39, , ,063 Excess of revenue over/ (under) expenditures before other financing sources (uses) (2,291) (71) (3,702) (956) Other financing sources (uses): Intra fund transfers in 2,613 1,218 2, Intra fund transfers out (2,613) (1,218) (2,786) (473) Excess of revenue over/ (under) expenditures (2,291) (71) (3,702) (956) Internal accounts payable beginning of year 17,925 28,275 22,176 31,701 Internal accounts payable end of year $ 15,634 $ 28,204 $ 18,474 $ 30,745 See independent auditor s report. 10

14 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Cypress Cypress Conway Park Springs Deerwood Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 1, Classes 395 5, Clubs 40 Departments Trust 7,353 13,272 31, ,322 General 11,257 3,758 18,935 4,781 Total revenue 19,005 17,070 57, ,666 Expenditures: Athletics Music 1,381 1,041 Classes 100 5, Clubs 104 Departments Trust 7,209 14,072 31, ,924 General 15,827 3,253 23,164 6,528 Total expenditures 23,036 17,579 62, ,423 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,031) (509) (5,352) 5,243 Other financing sources (uses): Intra fund transfers in 6,164 1, Intra fund transfers out (6,164) (1,315) (101) Excess of revenue over/ (under) expenditures (4,031) (509) (5,352) 5,243 Internal accounts payable beginning of year 22,329 10,994 14,631 18,240 Internal accounts payable end of year $ 18,298 $ 10,485 $ 9,279 $ 23,483 See independent auditor s report. 11

15 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Dillard Street Dommerich Dover Shores Dr. Phillips Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 339 1, Classes ,145 Clubs 210 Departments 2, , Trust 27, ,813 31, ,075 General 23,578 4,008 7,060 66,132 Total revenue 54, ,680 39, ,862 Expenditures: Athletics Music 422 1, Classes ,739 Clubs 67 Departments 1, Trust 23, ,915 31, ,946 General 32,376 18,714 10,969 65,010 Total expenditures 58, ,386 43, ,673 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,473) 2,294 (3,964) (5,811) Other financing sources (uses): Intra fund transfers in 2,607 1, Intra fund transfers out (2,607) (1,329) (200) (413) Excess of revenue over/ (under) expenditures (4,473) 2,294 (3,964) (5,811) Internal accounts payable beginning of year 24,957 70,756 23,725 30,084 Internal accounts payable end of year $ 20,484 $ 73,050 $ 19,761 $ 24,273 See independent auditor s report. 12

16 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Dream Lake Durrance Eagles Nest East Lake Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 615 6,163 Classes ,134 Clubs 318 1,179 Departments 1,822 1, ,510 Trust 197,439 99,758 18, ,697 General 19,592 12,205 4,833 17,362 Total revenue 220, ,633 23, ,045 Expenditures: Athletics Music 733 4,082 Classes ,740 Clubs 1,071 Departments 1,698 1,266 1,197 Trust 196,857 98,892 15, ,303 General 17,735 16,134 6,098 16,727 Total expenditures 217, ,630 21, ,120 Excess of revenue over/ (under) expenditures before other financing sources (uses) 3,224 (2,997) 1,891 10,925 Other financing sources (uses): Intra fund transfers in 2,727 1, Intra fund transfers out (2,727) (1,921) (106) (30) Excess of revenue over/ (under) expenditures 3,224 (2,997) 1,891 10,925 Internal accounts payable beginning of year 23,856 29,333 3,680 15,436 Internal accounts payable end of year $ 27,080 $ 26,336 $ 5,571 $ 26,361 See independent auditor s report. 13

17 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Eccleston Endeavor Engelwood Fern Creek Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music Classes 11, Clubs 96 3,054 Departments 102 1,344 Trust 4,898 28,737 4,720 34,225 General 4,654 9,753 5,725 6,000 Total revenue 21,431 41,544 11,639 41,643 Expenditures: Athletics Music Classes 11, Clubs 96 4,322 Departments Trust 4,971 28,235 5,357 26,653 General 3,080 10,611 6,028 9,722 Total expenditures 19,983 43,258 12,432 37,073 Excess of revenue over/ (under) expenditures before other financing sources (uses) 1,448 (1,714) (793) 4,570 Other financing sources (uses): Intra fund transfers in Intra fund transfers out (224) (97) Excess of revenue over/ (under) expenditures 1,448 (1,714) (793) 4,570 Internal accounts payable beginning of year 7,678 34,560 6,153 14,323 Internal accounts payable end of year $ 9,126 $ 32,846 $ 5,360 $ 18,893 See independent auditor s report. 14

18 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Grand Avenue Primary Forsyth Woods Frangus Learning Hiawassee Elementary Elementary Center Elementary Revenue: Athletics $ $ $ $ Music 707 Classes Clubs 244 Departments Trust 13,246 15,471 8,630 11,883 General 3,841 17,688 4,082 6,133 Total revenue 17,331 33,866 12,712 18,016 Expenditures: Athletics Music 743 Classes Clubs 201 Departments Trust 12,863 15,512 8,814 10,602 General 2,384 16,458 5,229 5,290 Total expenditures 15,448 32,713 14,043 15,892 Excess of revenue over/ (under) expenditures before other financing sources (uses) 1,883 1,153 (1,331) 2,124 Other financing sources (uses): Intra fund transfers in Intra fund transfers out (219) (34) (600) (180) Excess of revenue over/ (under) expenditures 1,883 1,153 (1,331) 2,124 Internal accounts payable beginning of year 3,593 21,831 9,953 7,831 Internal accounts payable end of year $ 5,476 $ 22,984 $ 8,622 $ 9,955 See independent auditor s report. 15

19 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Hunter's Hidden Oaks Hillcrest Hungerford Creek Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music ,214 1,260 Classes 1,537 Clubs 357 Departments 2, Trust 8,273 16,647 9, ,168 General 11,733 9,166 7,154 37,928 Total revenue 23,102 37,936 16, ,250 Expenditures: Athletics Music ,858 1,676 Classes 1,292 Clubs Departments 2,792 3,679 Trust 7,385 21,951 10, ,909 General 15,128 24,673 6,600 41,898 Total expenditures 25,717 62,224 17, ,276 Excess of revenue over/ (under) expenditures before other financing sources (uses) (2,615) (24,288) (515) (4,026) Other financing sources (uses): Intra fund transfers in 2, Intra fund transfers out (2,076) (330) (200) Excess of revenue over/ (under) expenditures (2,615) (24,288) (515) (4,026) Internal accounts payable beginning of year 9,972 45,105 14,957 39,577 Internal accounts payable end of year $ 7,357 $ 20,817 $ 14,442 $ 35,551 See independent auditor s report. 16

20 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Keene's Ivey Lane John Young Kaley Crossing Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ 22 $ Music 220 1, Classes ,725 Clubs 510 2,976 Departments 380 4,796 Trust 10, ,650 9,814 79,113 General ,370 5,676 26,669 Total revenue 12, ,063 16, ,179 Expenditures: Athletics 48 Music 217 1, Classes ,118 Clubs 392 2,741 Departments 319 5,559 Trust 10, ,226 9,395 74,880 General ,279 11,347 23,378 Total expenditures 11, ,548 21, ,579 Excess of revenue over/ (under) expenditures before other financing sources (uses) 418 4,515 (4,948) 6,600 Other financing sources (uses): Intra fund transfers in 198 1,215 1, Intra fund transfers out (198) (1,215) (1,624) (897) Excess of revenue over/ (under) expenditures 418 4,515 (4,948) 6,600 Internal accounts payable beginning of year 2,788 8,113 10,339 13,721 Internal accounts payable end of year $ 3,206 $ 12,628 $ 5,391 $ 20,321 See independent auditor s report. 17

21 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Killarney Lake Como Lake Gem Lake George Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music Classes 1,317 1,387 19,921 Clubs 36 Departments 2,370 Trust 12,079 11,369 2, ,692 General 7,632 5,544 16,302 9,221 Total revenue 21,123 20,824 19, ,834 Expenditures: Athletics Music Classes 2,095 1, ,692 Clubs 186 Departments 669 Trust 11,707 9,214 4, ,601 General 9,229 6,352 17,443 8,666 Total expenditures 23,126 17,452 23, ,145 Excess of revenue over/ (under) expenditures before other financing sources (uses) (2,003) 3,372 (3,610) (1,311) Other financing sources (uses): Intra fund transfers in 1, Intra fund transfers out (1,500) (684) (50) Excess of revenue over/ (under) expenditures (2,003) 3,372 (3,610) (1,311) Internal accounts payable beginning of year 16,573 7,847 7,526 31,284 Internal accounts payable end of year $ 14,570 $ 11,219 $ 3,916 $ 29,973 See independent auditor s report. 18

22 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Lake Lake Silver Lake Sybelia Lake Weston Whitney Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 1,480 Classes 2,167 15,124 Clubs 4,063 Departments 4,395 Trust 109,307 50, ,758 General 12,973 4, ,548 Total revenue 122,280 62,579 1,086 79,493 Expenditures: Athletics Music 2,387 Classes 2,270 15,396 Clubs 125 2,290 Departments 8,069 Trust 111,391 49,286 58,679 General 15,485 5,765 30,496 Total expenditures 126,876 67, ,861 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,596) (5,323) 1,086 (27,368) Other financing sources (uses): Intra fund transfers in 2, ,945 Intra fund transfers out (2,970) (364) (186) (2,945) Excess of revenue over/ (under) expenditures (4,596) (5,323) 1,086 (27,368) Internal accounts payable beginning of year 19,334 19,190 2,843 47,240 Internal accounts payable end of year $ 14,738 $ 13,867 $ 3,929 $ 19,872 See independent auditor s report. 19

23 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Lawton Lakemont Lakeville Lancaster Chiles Elementary Elementary Elementary Elementary Revenue: Athletics $ $ 5,280 $ $ Music 1,171 4, Classes 6,128 1,000 Clubs 74 2, Departments Trust 175, ,717 14,342 19,655 General 5,315 19,084 8,773 9,951 Total revenue 182, ,432 23,822 32,016 Expenditures: Athletics 5, Music 983 5, Classes 1,620 6,886 2,015 Clubs Departments Trust 164, ,070 15,151 18,419 General 8,569 26,345 18,657 10,998 Total expenditures 176, ,294 34,616 32,942 Excess of revenue over/ (under) expenditures before other financing sources (uses) 6,040 (5,862) (10,794) (926) Other financing sources (uses): Intra fund transfers in 13, ,271 Intra fund transfers out (13,473) (216) (66) (1,271) Excess of revenue over/ (under) expenditures 6,040 (5,862) (10,794) (926) Internal accounts payable beginning of year 23,161 45,657 17,877 14,548 Internal accounts payable end of year $ 29,201 $ 39,795 $ 7,083 $ 13,622 See independent auditor s report. 20

24 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Little River Lockhart Lovell Maxey Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music Classes 194 9,454 5,834 Clubs Departments Trust 6, ,617 9,796 General 3,996 7,711 7,947 9,642 Total revenue 12,574 18,654 24,414 25,492 Expenditures: Athletics Music Classes 8 8,628 5,826 Clubs Departments 2, Trust 8, ,380 6,594 General 6,037 7,210 7,320 8,004 Total expenditures 17,140 17,539 22,522 20,639 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,566) 1,115 1,892 4,853 Other financing sources (uses): Intra fund transfers in Intra fund transfers out (550) (612) (383) (153) Excess of revenue over/ (under) expenditures (4,566) 1,115 1,892 4,853 Internal accounts payable beginning of year 19,686 9,753 19,565 3,817 Internal accounts payable end of year $ 15,120 $ 10,868 $ 21,457 $ 8,670 See independent auditor s report. 21

25 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Meadow McCoy Woods MetroWest Millennia Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music Classes 2,341 10,858 1,250 Clubs Departments 2,471 5 Trust 12,110 99, , ,164 General 10,146 11,103 46,691 9,924 Total revenue 24, , , ,338 Expenditures: Athletics Music 355 Classes 1,943 11,813 Clubs Departments 2,469 1,069 3,052 Trust 11,888 99, , ,376 General 13,902 11,846 32,892 11,872 Total expenditures 28, , , ,603 Excess of revenue over/ (under) expenditures before other financing sources (uses) (3,532) (1,353) 5,046 1,735 Other financing sources (uses): Intra fund transfers in 2, ,219 1,053 Intra fund transfers out (2,373) (101) (9,219) (1,053) Excess of revenue over/ (under) expenditures (3,532) (1,353) 5,046 1,735 Internal accounts payable beginning of year 17,952 9,677 30,434 17,201 Internal accounts payable end of year $ 14,420 $ 8,324 $ 35,480 $ 18,936 See independent auditor s report. 22

26 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Moss Northlake Park Mollie Ray Park Community Oak Hill Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 2, Classes 1, ,791 Clubs 15, Departments 2, Trust 16,661 90,959 65,804 44,480 General 3,872 60,838 5,628 6,855 Total revenue 24, ,636 73,504 52,038 Expenditures: Athletics Music 1, Classes ,347 Clubs 11, Departments 2, Trust 13,659 84,649 63,762 43,059 General 4,371 62,674 3,772 6,107 Total expenditures 20, ,027 70,024 49,721 Excess of revenue over/ (under) expenditures before other financing sources (uses) 3,510 8,609 3,480 2,317 Other financing sources (uses): Intra fund transfers in 160 3,621 1,056 Intra fund transfers out (160) (3,621) (1,056) Excess of revenue over/ (under) expenditures 3,510 8,609 3,480 2,317 Internal accounts payable beginning of year 9,928 40,148 23,004 12,208 Internal accounts payable end of year $ 13,438 $ 48,757 $ 26,484 $ 14,525 See independent auditor s report. 23

27 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Orange Oakshire Ocoee Center Orlo Vista Elementary Elementary Elementary Elementary Revenue: Athletics $ $ 1,000 $ $ Music Classes 6,802 12,731 Clubs 675 2,200 Departments Trust 146,882 21,061 14,091 1,034 General 8,031 18, ,499 Total revenue 161,770 41,422 16,469 20,369 Expenditures: Athletics 520 Music Classes 6,652 12,432 Clubs 70 Departments 58 Trust 146,216 18,693 12,759 1,416 General 8,327 19, ,693 Total expenditures 161,249 38,573 13,139 20,586 Excess of revenue over/ (under) expenditures before other financing sources (uses) 521 2,849 3,330 (217) Other financing sources (uses): Intra fund transfers in 490 1, Intra fund transfers out (490) (1,449) (240) (218) Excess of revenue over/ (under) expenditures 521 2,849 3,330 (217) Internal accounts payable beginning of year 6,750 22, ,610 Internal accounts payable end of year $ 7,271 $ 25,142 $ 4,279 $ 14,393 See independent auditor s report. 24

28 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Palm Lake Palmetto Pershing Pinar Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 100 Classes 7, Clubs 2, Departments 21,050 Trust 39,593 2,097 39,519 2,651 General 19,300 8,625 19,814 3,761 Total revenue 89,957 11,120 59,333 6,412 Expenditures: Athletics Music 543 Classes 5,080 Clubs 2, Departments 6,774 Trust 45,661 5,087 38,836 2,476 General 30,671 11,130 17,518 4,435 Total expenditures 91,181 16,316 56,354 6,911 Excess of revenue over/ (under) expenditures before other financing sources (uses) (1,224) (5,196) 2,979 (499) Other financing sources (uses): Intra fund transfers in 5, Intra fund transfers out (5,198) (6) (444) (100) Excess of revenue over/ (under) expenditures (1,224) (5,196) 2,979 (499) Internal accounts payable beginning of year 55,204 15,240 2,926 8,948 Internal accounts payable end of year $ 53,980 $ 10,044 $ 5,905 $ 8,449 See independent auditor s report. 25

29 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Pine Castle Pine Hills Pineloch Pinewood Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 5 Classes 907 4, Clubs 9 Departments 1,958 Trust 8,368 6,471 40,895 16,785 General 9,318 1,847 2,930 2,877 Total revenue 18,593 10,281 48,239 20,421 Expenditures: Athletics 35 Music 78 Classes , Clubs Departments 1,681 Trust 8,170 4,953 39,387 15,973 General 9,214 3,120 1,869 2,117 Total expenditures 18,117 9,977 44,287 18,778 Excess of revenue over/ (under) expenditures before other financing sources (uses) ,952 1,643 Other financing sources (uses): Intra fund transfers in Intra fund transfers out (338) (41) (527) Excess of revenue over/ (under) expenditures ,952 1,643 Internal accounts payable beginning of year 3,577 8,128 44,438 16,809 Internal accounts payable end of year $ 4,053 $ 8,432 $ 48,390 $ 18,452 See independent auditor s report. 26

30 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Ridgewood Princeton Park Riverdale Riverside Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 1, Classes 8,773 Clubs 981 Departments 1, Trust 31,702 18, ,536 19,573 General 11,323 1,571 9,050 28,038 Total revenue 54,894 20, ,953 47,817 Expenditures: Athletics Music 1, Classes 7, Clubs 938 Departments Trust 34,544 18, ,324 17,903 General 14,174 1,394 7,745 21,831 Total expenditures 59,328 19, ,465 40,047 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,434) 151 6,488 7,770 Other financing sources (uses): Intra fund transfers in Intra fund transfers out (103) (177) (744) (412) Excess of revenue over/ (under) expenditures (4,434) 151 6,488 7,770 Internal accounts payable beginning of year 16,214 9,319 12,935 6,734 Internal accounts payable end of year $ 11,780 $ 9,470 $ 19,423 $ 14,504 See independent auditor s report. 27

31 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Rock Lake Rock Springs Rolling Hills Rosemont Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 74 1,706 5 Classes Clubs Departments 8,053 Trust 8, ,546 11,407 16,045 General 1,949 27,906 2,750 42,122 Total revenue 11, ,519 14,685 58,167 Expenditures: Athletics Music 1,313 5 Classes 300 1, Clubs Departments 6,460 Trust 11, ,932 12,213 14,304 General 1,248 27,939 2,861 34,677 Total expenditures 12, ,549 15,970 48,981 Excess of revenue over/ (under) expenditures before other financing sources (uses) (1,802) 1,970 (1,285) 9,186 Other financing sources (uses): Intra fund transfers in Intra fund transfers out (516) (512) (51) Excess of revenue over/ (under) expenditures (1,802) 1,970 (1,285) 9,186 Internal accounts payable beginning of year 12,262 24,521 7,340 33,706 Internal accounts payable end of year $ 10,460 $ 26,491 $ 6,055 $ 42,892 See independent auditor s report. 28

32 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Shingle Sadler Sand Lake Shenandoah Creek Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music Classes 340 5,247 2,151 Clubs 34 Departments 1,952 Trust 68, , , ,850 General 6,850 11,542 13,341 8,572 Total revenue 75, , , ,356 Expenditures: Athletics Music Classes 312 6, ,598 Clubs Departments 231 1,567 Trust 67, , , ,938 General 8,406 11,787 14,861 14,390 Total expenditures 76, , , ,397 Excess of revenue over/ (under) expenditures before other financing sources (uses) (1,241) 433 (1,702) (4,041) Other financing sources (uses): Intra fund transfers in Intra fund transfers out (369) (701) (488) (746) Excess of revenue over/ (under) expenditures (1,241) 433 (1,702) (4,041) Internal accounts payable beginning of year 6,510 17,328 21,958 11,747 Internal accounts payable end of year $ 5,269 $ 17,761 $ 20,256 $ 7,706 See independent auditor s report. 29

33 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Southwood Spring Lake Stone Lakes Sun Blaze Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 716 2,355 1,134 Classes 5,296 Clubs 46 Departments Trust 25,590 29, , ,015 General 12,396 3,340 19,773 27,737 Total revenue 38,702 33, , ,380 Expenditures: Athletics 31 Music 627 2,355 1,069 Classes 2,229 2,495 Clubs Departments 723 Trust 48,077 30, , ,571 General 24, ,180 18,662 Total expenditures 73,239 31, , ,797 Excess of revenue over/ (under) expenditures before other financing sources (uses) (34,537) 1,946 (7,140) 18,583 Other financing sources (uses): Intra fund transfers in 1,019 3,528 2,200 Intra fund transfers out (1,019) (3,528) (2,200) Excess of revenue over/ (under) expenditures (34,537) 1,946 (7,140) 18,583 Internal accounts payable beginning of year 45,873 12,958 22,860 Internal accounts payable end of year $ 11,336 $ 14,904 $ 15,720 $ 18,583 See independent auditor s report. 30

34 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Sunset Sunridge Sunrise Park Tangelo Park Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 643 1, Classes 745 3,296 12, Clubs 3,626 8,618 8,771 1,576 Departments 22,499 7,072 Trust 31, ,607 42,276 3,267 General 24,037 19,221 31,372 4,320 Total revenue 60, , ,283 10,244 Expenditures: Athletics Music 882 3, Classes 494 5,292 9,513 2,857 Clubs 2,966 9,132 7,258 1,491 Departments 14,849 6,087 Trust 31, ,834 41,485 3,486 General 25,477 20,616 21,583 7,533 Total expenditures 61, ,321 86,354 15,367 Excess of revenue over/ (under) expenditures before other financing sources (uses) (670) (1,895) 15,929 (5,123) Other financing sources (uses): Intra fund transfers in 566 9, ,680 Intra fund transfers out (566) (9,103) (60) (1,680) Excess of revenue over/ (under) expenditures (670) (1,895) 15,929 (5,123) Internal accounts payable beginning of year 8,340 51,509 22,760 10,019 Internal accounts payable end of year $ 7,670 $ 49,614 $ 38,689 $ 4,896 See independent auditor s report. 31

35 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Thornebrooke Three Points Tildenville Timber Lakes Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 250 2, Classes 4,800 1,824 16,773 Clubs 9,299 1,913 7,060 9,564 Departments 11, ,361 Trust 62,036 5,654 36, ,729 General 18,338 9,002 22,431 33,719 Total revenue 106,616 20,934 65, ,466 Expenditures: Athletics Music 311 2,599 1,390 Classes 5,815 1,765 15,282 Clubs 7,971 2,150 5,804 8,196 Departments 13, ,292 Trust 53,115 8,793 34, ,480 General 17,336 7,744 36,720 33,658 Total expenditures 98,087 23,051 77, ,298 Excess of revenue over/ (under) expenditures before other financing sources (uses) 8,529 (2,117) (11,902) 4,168 Other financing sources (uses): Intra fund transfers in 2, ,224 Intra fund transfers out (2,208) (340) (674) (2,224) Excess of revenue over/ (under) expenditures 8,529 (2,117) (11,902) 4,168 Internal accounts payable beginning of year 31,212 12,334 37,666 30,364 Internal accounts payable end of year $ 39,741 $ 10,217 $ 25,764 $ 34,532 See independent auditor s report. 32

36 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Washington Union Park Ventura Vista Lakes Shores Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music Classes 2, Clubs 612 Departments 1, Trust 15, ,063 42,287 20,831 General 8,678 1,457 20,349 2,229 Total revenue 26, ,679 64,594 24,292 Expenditures: Athletics Music Classes 1, Clubs Departments 2,688 Trust 16, ,860 40,859 21,799 General 12,170 5,368 20,018 3,294 Total expenditures 30, ,364 63,860 26,221 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,185) (4,685) 734 (1,929) Other financing sources (uses): Intra fund transfers in ,407 Intra fund transfers out (995) (54) (1,407) Excess of revenue over/ (under) expenditures (4,185) (4,685) 734 (1,929) Internal accounts payable beginning of year 25,172 20,546 19,735 8,005 Internal accounts payable end of year $ 20,987 $ 15,861 $ 20,469 $ 6,076 See independent auditor s report. 33

37 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Waterbridge Waterford West Creek West Oaks Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 300 3, Classes 4,117 Clubs 4,204 1,225 Departments 1,729 Trust 29, ,712 54, General 11,714 14,704 15, Total revenue 41, ,156 71, Expenditures: Athletics Music 2, Classes 3, Clubs 444 3,596 1,631 Departments 1,965 Trust 34, ,628 57,723 General 19,203 10,056 26,553 1,259 Total expenditures 54, ,959 86,339 1,259 Excess of revenue over/ (under) expenditures before other financing sources (uses) (13,257) 6,197 (14,703) (429) Other financing sources (uses): Intra fund transfers in Intra fund transfers out (573) (259) (120) Excess of revenue over/ (under) expenditures (13,257) 6,197 (14,703) (429) Internal accounts payable beginning of year 35,969 26,024 19,752 4,669 Internal accounts payable end of year $ 22,712 $ 32,221 $ 5,049 $ 4,240 See independent auditor s report. 34

38 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Whispering Westbrooke Wetherbee Wheatley Oak Elementary Elementary Elementary Elementary Revenue: Athletics $ $ $ $ Music 6, ,160 2,751 Classes 13, ,284 Clubs 1, ,213 Departments 200 2,330 Trust 47,661 34,035 10,427 33,551 General 24,122 10, ,293 Total revenue 93,332 46,771 14,985 71,092 Expenditures: Athletics Music 6, ,118 3,088 Classes 13, ,902 Clubs ,226 Departments 199 2, Trust 43,592 34,078 9,733 31,301 General 16,239 10, ,877 Total expenditures 80,725 45,789 14,367 77,589 Excess of revenue over/ (under) expenditures before other financing sources (uses) 12, (6,497) Other financing sources (uses): Intra fund transfers in Intra fund transfers out (322) (247) (383) (743) Excess of revenue over/ (under) expenditures 12, (6,497) Internal accounts payable beginning of year 18,307 9,124 2,420 34,347 Internal accounts payable end of year $ 30,914 $ 10,106 $ 3,038 $ 27,850 See independent auditor s report. 35

39 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Windermere Windy Ridge Winegard Wolf Lake Elementary K 8 Elementary Elementary Revenue: Athletics $ $ 1,860 $ $ Music 9, Classes 37,422 10,408 15,174 Clubs 4,956 1,550 Departments Trust 28,665 26,123 5, ,427 General 15,858 31,084 4,007 48,743 Total revenue 82,205 83,925 9, ,800 Expenditures: Athletics 1,745 Music 9, Classes 38,132 10,213 14,492 Clubs 4,717 1,146 Departments ,937 Trust 31,747 29,254 1, ,074 General 42,350 51,102 3,848 51,788 Total expenditures 112, ,670 5, ,482 Excess of revenue over/ (under) expenditures before other financing sources (uses) (30,284) (22,745) 3,401 (7,682) Other financing sources (uses): Intra fund transfers in 2, Intra fund transfers out (2,131) (248) (901) Excess of revenue over/ (under) expenditures (30,284) (22,745) 3,401 (7,682) Internal accounts payable beginning of year 38,729 52,864 15,906 30,936 Internal accounts payable end of year $ 8,445 $ 30,119 $ 19,307 $ 23,254 See independent auditor s report. 36

40 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Wyndham Lakes Zellwood Total Elementary Elementary Elementary Revenue: Athletics $ $ $ 18,898 Music 8, ,369 Classes 5, ,553 Clubs 1, ,107 Departments ,695 Trust 27,247 77,327 9,435,306 General 8,940 9,617 1,693,676 Total revenue 52,340 87,764 11,968,604 Expenditures: Athletics 18,606 Music 9, ,216 Classes 4, ,925 Clubs 2, ,815 Departments ,150 Trust 29,393 77,257 9,371,308 General 9,413 11,551 1,895,576 Total expenditures 55,202 89,682 12,086,596 Excess of revenue over/ (under) expenditures before other financing sources (uses) (2,862) (1,918) (117,992) Other financing sources (uses): Intra fund transfers in 1, ,143 Intra fund transfers out (1,067) (25) (154,143) Excess of revenue over/ (under) expenditures (2,862) (1,918) (117,992) Internal accounts payable beginning of year 14,900 29,715 2,503,082 Internal accounts payable end of year $ 12,038 $ 27,797 $ 2,385,090 See independent auditor s report. 37

41 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Apopka Avalon Bridgewater Carver Middle Middle Middle Middle Revenue: Athletics $ 2,285 $ 6,605 $ 7,959 $ 4,110 Music 25, , ,793 26,613 Classes 1,044 41,391 14,169 7,902 Clubs 6,247 6,576 3,625 1,728 Departments 14,281 53,288 7,242 Trust 33,508 57, ,089 8,580 General 15,292 20,281 27,785 7,423 Total revenue 97, , ,662 56,356 Expenditures: Athletics 3,347 9,109 6,997 2,962 Music 22,249 96, ,598 25,351 Classes ,967 12,741 6,709 Clubs 6,415 7,886 2,147 2,728 Departments 8,160 50,539 4, Trust 33,210 40, ,596 7,022 General 15,092 15,852 26,125 7,165 Total expenditures 89, , ,009 52,123 Excess of revenue over/ (under) expenditures before other financing sources (uses) 8,516 38,965 12,653 4,233 Other financing sources (uses): Intra fund transfers in 973 1,796 2, Intra fund transfers out (973) (1,796) (2,428) (899) Excess of revenue over/ (under) expenditures 8,516 38,965 12,653 4,233 Internal accounts payable beginning of year 29,906 84,793 92,626 22,059 Internal accounts payable end of year $ 38,422 $ 123,758 $ 105,279 $ 26,292 See independent auditor s report. 38

42 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Chain of Lakes Conway Corner Lake Discovery Middle Middle Middle Middle Revenue: Athletics $ 2,116 $ 2,882 $ $ 2,407 Music 35,120 33,786 34,063 12,643 Classes ,111 32, Clubs 11,294 3,837 13,001 17,445 Departments 14,526 27,778 35,695 5,354 Trust 55,242 16,259 15,473 34,339 General 14,943 15,593 12,211 13,727 Total revenue 133, , ,063 86,619 Expenditures: Athletics 1,840 2,615 1,728 Music 33,381 30,905 34,755 11,912 Classes ,328 33,416 1,119 Clubs 10,787 4,396 12,932 19,055 Departments 14,548 25,204 34,673 6,582 Trust 55,624 14,214 15,164 34,894 General 17,041 13,541 11,490 13,097 Total expenditures 133, , ,430 88,387 Excess of revenue over/ (under) expenditures before other financing sources (uses) (380) 8, (1,768) Other financing sources (uses): Intra fund transfers in 600 1,944 Intra fund transfers out (600) (1,944) Excess of revenue over/ (under) expenditures (380) 8, (1,768) Internal accounts payable beginning of year 75,585 62,752 35,477 70,610 Internal accounts payable end of year $ 75,205 $ 70,795 $ 36,110 $ 68,842 See independent auditor s report. 39

43 Supplemental Schedule of Revenues, Expenditures and Changes in Internal Accounts Payable by School For the Year Ended June 30, 2014 Freedom Glenridge Gotha Howard Middle Middle Middle Middle Revenue: Athletics $ 5,102 $ 3,994 $ 4,823 $ 869 Music 47,247 19,798 34,654 81,619 Classes 19,332 9,177 27,174 2,475 Clubs 2,005 48,542 90,762 34,667 Departments 10,825 6,255 13,329 56,802 Trust 47,705 15,798 8, ,577 General 17,111 39,355 24,389 19,383 Total revenue 149, , , ,392 Expenditures: Athletics 7,554 4,377 4, Music 48,283 21,540 38,806 69,301 Classes 18,503 9,424 24,863 9,811 Clubs 3,669 43,383 89,461 18,389 Departments 11,490 4,436 6,535 35,687 Trust 43,817 14,762 8, ,312 General 20,488 78,478 13,753 15,559 Total expenditures 153, , , ,850 Excess of revenue over/ (under) expenditures before other financing sources (uses) (4,477) (33,481) 17,677 52,542 Other financing sources (uses): Intra fund transfers in 6, ,522 18,941 Intra fund transfers out (6,013) (72) (5,522) (18,941) Excess of revenue over/ (under) expenditures (4,477) (33,481) 17,677 52,542 Internal accounts payable beginning of year 37,782 70,530 68, ,554 Internal accounts payable end of year $ 33,305 $ 37,049 $ 86,642 $ 206,096 See independent auditor s report. 40