Number & Street: 829 Paoli Pike AUN Number: Pennsylvania Department of Education Comptroller s Office

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1 LEA Name: WEST CHESTER AREA S Class Size: County: Chester Number & Street: Paoli Pike AUN Number: City: West Chester ZipCode: Pennsylvania Department of Education Comptroller s Office Local Education Agency Annual Financial Report PDE- This report is a complete and accurate statement of the financial For Fiscal operations Year and status of the local education agency for the fiscal year, End // and has been prepared in accordance with generally accepted accounting prthclples and established Commonwealth of PA reporting guidelines. Chief Sc Administrator, /o ~ Date ~ / Board Secretary ~d~ /o-&f-~ Date John T. Scully Contact Person () - Telephone Number // :: PM jscully wcasd.k-.pa.us Address

2 // Fiscal Year End Page - PDE- Each LEA must mail a hard copy of the first pages and cover page of the AFR with original signatures to: Labor, Education and Community Services Comptroller s Office School Finance Division P.O. Box Harrisburg, PA. - Completed AFR spreadsheets may be filed on diskette with the paper requirement above or as an attachment sent to: schlfin@coin.state.pa.us f you send your package by , please type - AFR n the subject line of your message. Due Date for all submissions is October,

3 // Fiscal Year End Page - PDE- TABLE OF CONTENT Page Number Title Page Table of Content -- General Purpose Financial Statements Combined Balance Sheet - All Fund Types, Account Groups, and Component Units Combined Statement of Revenues, Expenditures, and Changes in Fund Balances - All Govemmental Fund Types, Expendable Trust Funds and Discretely Presented Component Units Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - General And Special Revenue Funds Combined Statement of Revenues, Expenses and Changes in Retained Eamings/Fund Balances - All Proprietary Fund Types, Nonexpendable Trust Funds, and Discretely Presented Component Units Combined Statement of Cash Flows for the Fiscal Year Ended // - Schedule of Noncash nvesting, Capital and Financing Activities - All Proprietary Fund Types, Nonexpendable Trust Funds, and Discretely Presented Component Units Combined Statement of Cash Flows for the Fiscal Year Ended // ncrease (Decrease) in Cash and Cash Equivalents - All Proprietary Fund Types and Discretely Presented Component Units Notes to Financial Statements Supplemental Schedules and Summary nformation Summary of General Fund Revenues and Other Financing Sources Tax Schedule, Real Estate and Act Conversion of Accrual Basis Taxes to Cash Basis Taxes Detail of General Fund Revenues and Other Financing Sources Supporting Revenue Schedule Summary of General Fund Actual Expenditures and Other Financing Uses by Subfunctions General Fund Actual Expenditures and Other Financing Uses - Detail Tuition Schedule Statement of ndebtedness General Fund Encumbrance Schedule Adjustments Schedule Restricted ndirect Costs and Eliminations Transportation Schedule Tuition Rate Cost Allocation Schedule

4 Amounts Expressed in Whole Dollars LEA Name: WEST CHESTER AREA S D A.U.N.# // :: PM ASSETS AND OTHER DEBTS Assets: Cash and Cash Equivalents nvestments Taxes Receivable (Net) Due From Other Funds Due From Other Govemments (include Accounts -) Due From Primary Government Due From Component Units Other Receivables (include Bond Proceeds Receivable) Advances to Other Funds (Long-Term Loans) inventories Prepaid Expenses / Expenditures Other Current Assets Land and Site mprovements Building & Building improvements Machinery & Equipment Less: Accumulated Depreciation Construction in Progress Long-Term Prepayments Less: Accumulated Amort Long-Term Prepayments Other Debits: Amount Available in Debt Service Funds Amount Provided for the Retirement of: General Long-Term Debt Lease Obligations Amount to be Provided for Comp Abs TOTAL ASSETS AND OTHER DEBTS COMBNED BALANCE SHEET - All Funds, Account Groups and Component Units (CBSA) / Fiscal Year End Page - PDE- Governmental Fund Types Special Capital Debt General Revenue Projects Service () () () (),,,,,,,,,,, ~r ~.,,,,,,,,

5 // :: PM A.U.N. Number: // Fiscal Year End Page - PDE- Proprietary Fund Types Fiduciary Fund Types Account Groups Total nternal General General Long- Discrete (Memorandum Enterprise Service Trust Agency Fixed Assets Term Debt Component Only) Report- () () () () () () Units Entity,,,,,,,,, Assets:,,,,,,,,,, Other Debits:,,,,,,,,,,,

6 Amounts Expressed in Whole Dollars LEA Name: WEST CHESTER AREAS A.U.N.# // :: PM LABLTES AND FUND EQUTY Liabilities: - Due to Other Funds Due to Other Governments Due to Primary Government Due to Component Units Accounts Payable Contracts Payable Current Portion of Long-Term Debt (e.g. ST Comp Abs) Short-Term Payables Accrued Salaries and Benefits Payroll Deductions and Withholdings Advances from Other Funds Deferred Revenues Other Current Liabilities Bonds Payable Extended Term Financing Agreements Payable Lease Purchase Obligations LT Portion of Comp Abs (Acct Group & Component Units Only) Authority Lease Obligations Other Long-Term Liabilities TOTAL LABLTES Equity and Other Credits: nvestments in Fixed Assets Contributed Capital Retained Earnings: Fund Balance: Reserved Retained Earnings Unreserved Retained Earnings Standard Fund Balance Reserves Specific Fund Balance Reserves Unreserved - Designated Unreserved - Undesignated TOTAL EQUTY AND OTHER CREDTS TOTAL LABLTES, EQUTY AND OTHER CREDTS COMBNED BALANCE SHEET - All Funds, Account Groups and Component Units (CBSL) F/ Fiscal Year End Page - PDE- Governmental Fund Types Special Capital Debt General Revenue Projects Service () () f () (),,,,,,,,,,,,,,,,,,,,,,,.,,,,,,,,,,,,,,,,,,

7 /) Fiscal Year End A.U.N. Number: // :: PM Page - PDE- Fiduciary Fund Types Proprietary Fund Types Account Groups nternal Enterprise (),., Service () Trust () Agency () -,,,,, General Fixed Asstes () Total General LongTerm Debt () Discrete Component Units (Memorandum Only) ReportEntity,,,,,,..,,. Liabilities:,,,,,,,,,,,,,,, Equity and Other Credits:,, Retained Earnings:, Fund Balance:,,,,,,..

8 Amounts Expressed in Whole Dollars LEA Name: WEST CHESTER AREA S A.U.N.# // :: PM -: COMBNED STATEMENT OFREVENUES, EXPENDTURES AND CHANGES N FUND BALANCES (CSRG) All Governmental Fund Types, Expendable Trust Funds and Discretely Presented Component Units // Fscal Year End Page - PDE- REVENUES AND OTHER FNANCNG SOURCES REVENUES: Local Sources State Sources Federal Sources OTHER FNANCNG SOURCES: Bond Proceeds (Do not nclude Refunded Bonds) Refunding Bond Proceeds Proceeds From Extended Term Financing nterfund Transfers (From Other Funds) Sale / Compensation for Fixed Assets Refunds of Prior Year Expenditures Operating Transfers n (From Other LEA) Operating Transfers from Component Units Operating Transfers From Primary Govemment TOTAL REV AND OTHER FN SOURCES EXPENDTURES AND OTHER FNANCNG USES EXPENDTURES: nstruction Support Services Noninstructional Services Capital Outlay Debt Service (Principal & nterest. Do not nd Ref Debt) OTHER FNANCNG USES: Debt Service (Payment to Refunded Bond Escrow Agent) Operating Transfers Out (To Other Funds) Operating Transfers to Component Units Operating Transfers to Primary Government TOTAL EXP AND OTHER FN USES REV AND OTHER SOURCES OVER (UNDER) EXP AND OTHER USES FUND BALANCE // CHG N NV / RS EQUTY TRANS / PROR YR ADJ FUND BALANCES // General (),,,,,, Special Revenue (),,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Capital Projects (),, Debt Service (),,,,

9 &U.N. Number: // :: PM // Fiscal Year End Page - PDE- r Fiduciary Fund Types. Expendable Trust (), Total (Memorandum Only) ReportEntity,,,,,, Discrete Component Units,, - REVENUES: OTHER FNANCNG SOURCES: EXPENDTURES AND OTHER FNANCNG USES EXPENDTURES OTHER FNANCNG USES,,,,,,,,,,,,,,,,,,,,, (,),,,,,,,, :,,,,,.

10 Amounts Expressed in Whole Dollars LEA Name: WEST CHESTER AREAS &U.N. # // :: PM STATEMENT OF REVENUES, EXPENDTURES AND CHANGES N FUND BALANCE BUDGET AND ACTUAL - GENERAL AND SPECAL REVENUE FUNDS // Fscal Year End Page - PDE- REVENUES AND OTHER FNANCNG SOURCES Budget Actual Variance Favorable (Unfavorable) Revenues: Local Sources State Sources Federal Sources Other Financing Sources: Sale of Bonds Proceeds from Extended Term Financing nterfund Transfers Sale of or Compensation for Loss of Fixed Assets Refunds of Prior Years Expenditures Operating Transfers from Other LEAs Operating Transfer from Component Units TOTAL REV AND OTHER FN SOURCES EXPENDTURES AND OTHER FNANCNG USES EXPENDTURES: nstruction: Regular Programs - Elementary Secondary Special Programs - Elementary/ Secondary Vocational Education Programs Other nstructional Programs - Elementary / Secondary Nonpublic School Programs Adult Education Programs Community / Junior College Education Programs TOTAL NSTRUCTON,,,,,,,,,,,,,,,,,,,,,,,,,, (,),,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

11 A.U.N. Number: // :: PM // Fiscal Year End Page - PDE- Special Revenue Fund Budget Variance Favorable (Unfavorable) Actual,,,,,,,,,,

12 Amounts Expressed in Whole Dollars LEA Name: WEST CHESTER AREAS D A.U.N.# // :: PM STATEMENT OF REVENUES, EXPENDTURES AND CHANGES N FUND BALANCE BUDGET AND ACTUAL - GENERAL AND SPECAL REVENUE FUNDS // Fscal Year End Page - PDE- General Fund Budget Actual Variance Favorable (Unfavorable) Support Services Pupil Personnel nstructional Staff Administration Pupil Health Business Operation and Maintenance of Plant Services Student Transportation Services Central Other Support Services Total Support Services Operation of Noninstructional Services Student Activities Community Services Total Operation of Noninstructional Services Facilities Acquisition, Construction and mprovement Services Other Financing Uses Debt Service Fund Transfers Transfers to Component Unit Budgetary Reserve Appropriation of Prior Year Encumbrances Total Expenditures and Other Financing Uses Revenues and Qther Financing Sources Over (Under) Expenditures and Other Financing Uses Fund Equity // Change in nventory Reserve / Prior Period Adjustment Fund Equity //,,,,,,,,,,,,,,,,,,,,,,.,.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, (,,),,,,.,,,,,,,,,..

13 // :: PM A.U.N. Number: // Fiscal Year End Page - PDE- Special Revenue Fund. Budget Actual Variance Favorable (Unfavorable), (,), (,) ~,, (,,) ;,,,,,,, - (,,),,,,,

14 Amounts Expressed in Whole Dollars COMBNED STATEMENT OF REVENUES, EXPENSES AND CHANGES N RETANED EARNNGS/FUND BALANCE (CSRR) All Proprietary Fund Types, Nonexpendable Trust Funds and Discretely Presented Component Units LEA Name: WEST CHESTER AREAS D // Fscal Year End A.J.N. # Page - PDE- // :: PM Proprietary Fund Types Fiduciary Fund Type Food Servce ther Enterprise nternal Nonexpendable Fund Funds Service Trust OPERATNG REVENUES: () () () () Food Service Revenue,, Charges for Services Earnings on nvestments Other Operating Revenues TOTAL OPERATNG REVENUES,, OPERATNG EXPENSES: Salaries Employe Benefits Purchased Professional and Technical Service Purchased Property Service Other Purchased Service,, Supplies, Depreciation Dues and Fees Ciaims and Judgments Other Operating Expenditures, TOTAL OPERATNG EXPENSES,, OPERATNG NCOME/(LOSS) (,) NONOPERATNG REVENUES (EXPENSES): Earnings on nvestments, Contributions & Donations - Private Sources Gain / Loss on Sale of Fixed Assets State Sources, Federal Sources, Refunds of Prior Year Expenditures nterest Expenses TOTAL NONOPERATNG REV (EXP), NET NC (LOSS) BEFORE TRANSFERS, OPERATNG TRANSFERS: Operating Transfers From (To) Primary Government Operating Transfers From (To) Component Units Operating Transfers n (Out) NET NCOME, RET ERNGS/FUND BAL // (No Contr. Cap.), Accounting Changes / Residual Equity Transfers Prior Period Adjustment RET ERNGS/FUND BAL // (No Contr. Cap.),

15 // :: PM AU.N. Nup~ber: COMBNED STATEMENT OF CASH FLOWS FOR THE FSCAL YEAR ENDED // SCHEDULE OF NONCASH NVESTNG, CAPTAL, AND FNANCNG ACTVTES, Discrete Component Units J Total (Memorandum Only) Reporting Entity,,,, OPERATNG REVENUES:. OPERATNG EXPENSES:,,,,,, (,) NONOPERATNG REV (EXP),,,,, OPERATNG TRANSFERS,,, // Fiscal Year End Page - PDE- - AMOUNT EXPLANATON OF TRANSACTON & BALANCE SHEET EFFECT

16 All Proprietary Fund Types, Nonexpendable Trust Funds and Discretely Presented Component Units // Fscal Year End Page - PDE- LEA Name: WEST CHESTER AREAS D A.U.N.# // :: PM j ~ CASH FLOWS FROM OPERATNG ACTVTES: Operating ncome (Loss) Adjustments to Reconcile Operating ncome (Loss) to Net Cash Provided By (Used For) Operating Activities: Depreciation and Net Amortization Provision for Uncoilectible Accounts Other: (Specify) changes in Assets and Liabilities: (mc) Dec in Accounts Receivable (-) Advances in Other Funds () (mc) Dec n nventories () (nc) Dec n Prepaid Expenditures () (mc) Dec in Other Current Assets () nc (Dec) in Accounts Payable (-) nc (Dec) in Accrued Salary / Benefits () nc (Dec) in Payroll Deductions / Withholding () nc (Dec) in Advances from Other Funds () nc (Dec) in Deferred Revenue () nc (Dec) in Other Current Liabilities () TOTAL ADJUSTMENTS NET CASH PROVDED BY (USED FOR) OPERATNG ACTVTES CASH FLOWS FROM NON CAPTAL FNANCNG ACTVTES: Grants and Subsidies Received for Non-Operating ActMties: Local () State () Federal () Notes and Loans Received (Repaid) nterest Paid on Notes Loans (-) Operating Transfers ln(out)/residual Equity Transfers Operating Transfers n(out) Primary Government Operating Transfers ln(out) Component Units Refund of Prior Year Expenditures () nc (Dec) in Contributed Capital NET CASH PROVDED BY (USED FOR) NONCAPTAL FNANCNG ACTVTY L Proprietary Fund Types nternal Enterprise Service () () T,) Fund Type Nonexpendable Trust () Discrete Component Units Total (Memorandum Only) Reporting Entity (,) (,) (,) (,) (,) (,) (,) (,) (,) (,) (,),,..o..~.. ~,,.....: ô,

17 LEA Name: WEST CHESTER AREAS A.U.N.# // :: PM - CASH FLOWS FROM CAPTAL AND RELATED FNANCNG ACTVTES: Proceeds from Extended Term Financing Proceeds from Sale of Equipment () Acquisition, Construction and mprovement of Capital Assets Principal Paid on Financing Agreements nterest Paid Financing Agreements ( -) (nc) Dec in Contributed Capital NET CASH PROVDED BY (USED FOR) CAPTAL FNANCNG ACTVTY CASH FLOW FROM NVESTNG ACTVTES: Purchase of nvestment Sec / Deposits to lnv Pools Withdrawls from nvestment Pools Proceeds from Sale and Maturity of nvestment Sec Earnings on nvestments () Loans Received (Paid) NET CASH PROVDED BY (USED FOR) - NVESTNG ACTVTY NET NC (DEC) N CASH AND CASH FLOW CASH AND CASH EQUV // CASH AND CASH EQUV // All Proprietary Fund Types, Nonexpendable Trust Funds and Discretely Presented Component Units // Fiscal Year End Page - PDE- Fiduciary Proprietary Types Fund Type Total nternal Nonexpendable Discrete (Memorandum Enterprise Service Trust Component Only) () () Units Reporting Entity (,), (,),, (,),,, (,),,