REPORT F196 CONCRETE SCHOOL DISTRICT NO. 011 F-196 Annual Financial Statements For Fiscal Year CERTIFICATION

Transcription

1 F-196 Annual Financial Statements For Fiscal Year CERTIFICATION The Annual Financial Statements (Report F-196) for CONCRETE School District No. 011 of SKAGIT County for the fiscal year ended August 31, 2004 were prepared on the accrual basis of accounting in accordance with the appropriate accounting principles as stated in the Accounting Manual for Public School Districts in the state of Washington. School was conducted for days. If school was operated fewer than 180 days, please include a statement covering the reasons and efforts to make up days lost. The indirect cost rate proposal has been reviewed and the data reflects allowable costs in accordance with federal requirements and OMB Circular A-87 and all costs are properly allocable to federal awards. Approved: School District Superintendent or Authorized Official Date Approved: ESD Superintendent or Authorized Official Date Report F-196 Summary DEBT CAPITAL TRANSPORTATION GENERAL ASB SERVICE PROJECTS VEHICLE PERMANENT FUND FUND FUND FUND FUND FUND Total Revenues and Fin Sourc 6,599, , , , Total Expenditures 6,562, , , Financing Uses 39, Excess of Revs/ Fin Srcs Over/(Under) Expenditures and Fin Uses 2, , , , Begin Total Fund Balance Prior Year(s) Corrections 538, , , , or Restatements Ending Total Fund Balance 535, , , , Print Date: DEC 02,'04 Lock Date: OCT 29,'04 Check Figure: 22,886, Certification Page

2 FISCAL YEAR PAGE: 1 - Index ANNUAL FINANCIAL STATEMENTS BALANCE SHEET AS OF AUGUST 31, 2004 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED AUGUST 31, 2004 BUDGETARY COMPARISON SCHEDULES STATEMENT OF FIDUCIARY NET ASSETS OTHER TRUST & AGENCY FUNDS STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS OTHER TRUST & AGENCY FUNDS SCHEDULE OF LONG-TERM DEBT

3 Balance Sheet as of August 31, 2004 PAGE: 2 ANNUAL FINANCIAL STATEMENTS Debt Capital Transportation General ASB Service Projects Vehicle Permanent Fund Fund Fund Fund Fund Fund ASSETS: Cash & Cash Equivalents 266, , , Minus Outstanding Warrants 234, , Taxes Receivable 342, , Due From Funds Due From Gov. Units Accounts Receivable 163, Interfund Loans Receivable Accrued Interest Receivable Inventory 1, Prepaid Items Investments Investments/Cash W/Trustees 490, , , , Investments-Deferred Comp Self-Insur Security Dep TOTAL ASSETS 1,030, , , , LIABILITIES: Accounts Payable 129, , Contracts Payable Current Accrued Interest Payable Accrued Salaries 10, Rev Anticipation Notes Pay Vacation Leave Payable-Current Sick Leave Payable-Current Payroll Ded & Taxes Pay 1, Due to Govt. Units Deferred Compensation Pay Est Employee Benefits Pay Due to Funds Interfund Loans Payable Deposits Matured Bonds Payable Matured Bond Interest Pay Arbitrage Rebate Payable Deferred Revenue TOTAL LIABILITIES 353, , , , , FUND BALANCE: Reservation of Fund Balance Unreserve Desig. Fund Balance 128, Unreserve Undesig. Fund Balanc TOTAL FUND BALANCE 407, , , , , , , , TOTAL LIAB & FUND BALANCE 1,030, , , ,376.47

4 Statement of Revenues, Expenditures and Changes in Fund Balance PAGE: 3 For The Year Ended August 31, 2004 Assoc. Debt Capital Transportation General Student Service Projects Vehicle Permanent Fund Body Fund Fund Fund Fund REVENUES: Local 946, , , , State 4,549, , , Federal 1,101, , TOTAL REVENUES 6,599, , , , EXPENDITURES: CURRENT: Regular Instruction 3,015, Special Education 649, Vocational Education 175, Skills Center Compensatory Programs 840, Instructional Progs 1, Community Services 4, Support Services 1,735, Student Activities/ 59, CAPITAL OUTLAY: Sites Building Equipment Energy Transportation Equipment 139, DEBT SERVICE: Principal 360, Interest and Charges 69, TOTAL EXPENDITURES 6,562, , , REVENUES OVER (UNDER) EXP: 36, , , , OTHER FINANCING SOURCES(USES): Bond Sales & Refund Bond Sales Long-Term Financing Transfers In 39, Transfers Out 39, Financing Uses (GL 535) TOTAL OTHER FINANCING SOURCES (USES) 39, , EXCESS OF REVS & OTHER FIN SOURCES OVER (UNDER) EXP AND OTHER FIN USES 2, , , , BEGINNING TOTAL FUND BALANCE 538, , , , Prior Year(s) Corrections or Restatements ENDING TOTAL FUND BALANCE 535, , , ,376.47

5 Budgetary Comparison Schedule PAGE: 4 General Fund For The Year Ended August 31, 2004 Variance with Final Budget BUDGET ACTUAL POSITIVE (NEGATIVE) REVENUES: Local State 933, ,607, , ,549, , , Federal 1,260, ,101, , , , TOTAL REVENUES 6,802, ,599, , EXPENDITURES: CURRENT: Regular Instruction 3,149, ,015, , Special Education 683, , , Vocational Education 193, , , Skills Center Compensatory Programs 937, , , Instructional Progs 105, , , Community Services 6, , , Support Services 1,702, ,735, , Student Activities/ CAPITAL OUTLAY: Sites Building Equipment Energy Transportation Equipment 83, , , DEBT SERVICE: Principal Interest and Charges TOTAL EXPENDITURES 6,861, ,562, , REVENUES OVER (UNDER) EXP: 58, , , OTHER FINANCING SOURCES(USES): Bond Sales & Refund Bond Sales Long-Term Financing Transfers In Transfers Out 39, , Financing Uses (GL 535) TOTAL OTHER FINANCING SOURCES (USES) 39, , EXCESS OF REVS & OTHER FIN SOURCES OVER (UNDER) EXP AND OTHER FIN USES 98, , , BEGINNING TOTAL FUND BALANCE 538, , Prior Year(s) Corrections or Restatements ENDING TOTAL FUND BALANCE 439, , ,653.81

6 Budgetary Comparison Schedule PAGE: 5 Associated Student Body Fund For The Year Ended August 31, 2004 Variance with Final Budget BUDGET ACTUAL POSITIVE (NEGATIVE) REVENUES: Local State 112, , , Federal TOTAL REVENUES 112, , , EXPENDITURES: CURRENT: Regular Instruction Special Education Vocational Education Skills Center Compensatory Programs Instructional Progs Community Services Support Services Student Activities/ 122, , , CAPITAL OUTLAY: Sites Building Equipment Energy Transportation Equipment DEBT SERVICE: Principal Interest and Charges TOTAL EXPENDITURES 122, , , REVENUES OVER (UNDER) EXP: 9, , , OTHER FINANCING SOURCES(USES): Bond Sales & Refund Bond Sales Long-Term Financing Transfers In Transfers Out Financing Uses (GL 535) TOTAL OTHER FINANCING SOURCES (USES) EXCESS OF REVS & OTHER FIN SOURCES OVER (UNDER) EXP AND OTHER FIN USES 9, , , BEGINNING TOTAL FUND BALANCE 77, , , Prior Year(s) Corrections or Restatements ENDING TOTAL FUND BALANCE 67, , ,

7 Budgetary Comparison Schedule PAGE: 6 Debt Service Fund For The Year Ended August 31, 2004 Variance with Final Budget BUDGET ACTUAL POSITIVE (NEGATIVE) REVENUES: Local State 396, , , , , Federal TOTAL REVENUES 396, , , EXPENDITURES: CURRENT: Regular Instruction Special Education Vocational Education Skills Center Compensatory Programs Instructional Progs Community Services Support Services Student Activities/ CAPITAL OUTLAY: Sites Building Equipment Energy Transportation Equipment DEBT SERVICE: Principal Interest and Charges 360, , , , , TOTAL EXPENDITURES 432, , , REVENUES OVER (UNDER) EXP: 35, , , OTHER FINANCING SOURCES(USES): Bond Sales & Refund Bond Sales Long-Term Financing Transfers In Transfers Out Financing Uses (GL 535) TOTAL OTHER FINANCING SOURCES (USES) EXCESS OF REVS & OTHER FIN SOURCES OVER (UNDER) EXP AND OTHER FIN USES 35, , , BEGINNING TOTAL FUND BALANCE 396, , , Prior Year(s) Corrections or Restatements ENDING TOTAL FUND BALANCE 360, , ,203.28

8 Budgetary Comparison Schedule PAGE: 7 Capital Projects Fund For The Year Ended August 31, 2004 REVENUES: Local State Federal TOTAL REVENUES EXPENDITURES: CURRENT: Regular Instruction Special Education Vocational Education Skills Center Compensatory Programs Instructional Progs Community Services Support Services Student Activities/ CAPITAL OUTLAY: Sites Building Equipment Energy Transportation Equipment DEBT SERVICE: Principal Interest and Charges TOTAL EXPENDITURES REVENUES OVER (UNDER) EXP: OTHER FINANCING SOURCES(USES): Bond Sales & Refund Bond Sales Long-Term Financing Transfers In Transfers Out Financing Uses (GL 535) TOTAL OTHER FINANCING SOURCES (USES) EXCESS OF REVS & OTHER FIN SOURCES OVER (UNDER) EXP AND OTHER FIN USES BEGINNING TOTAL FUND BALANCE Prior Year(s) Corrections or Restatements ENDING TOTAL FUND BALANCE Variance with Final Budget BUDGET ACTUAL POSITIVE (NEGATIVE)

9 Budgetary Comparison Schedule PAGE: 8 Transportation Vehicle Fund For The Year Ended August 31, 2004 Variance with Final Budget BUDGET ACTUAL POSITIVE (NEGATIVE) REVENUES: Local State 1, , , , , Federal TOTAL REVENUES 25, , , EXPENDITURES: CURRENT: Regular Instruction Special Education Vocational Education Skills Center Compensatory Programs Instructional Progs Community Services Support Services Student Activities/ CAPITAL OUTLAY: Sites Building Equipment Energy Transportation Equipment 83, , DEBT SERVICE: Principal Interest and Charges TOTAL EXPENDITURES 83, , REVENUES OVER (UNDER) EXP: 57, , , OTHER FINANCING SOURCES(USES): Bond Sales & Refund Bond Sales Long-Term Financing Transfers In Transfers Out 39, , Financing Uses (GL 535) TOTAL OTHER FINANCING SOURCES (USES) 39, , EXCESS OF REVS & OTHER FIN SOURCES OVER (UNDER) EXP AND OTHER FIN USES 18, , , BEGINNING TOTAL FUND BALANCE 130, , , Prior Year(s) Corrections or Restatements ENDING TOTAL FUND BALANCE 112, , ,709.47

10 Statement of Fiduciary Net Assets PAGE: 9 Trust & Agency Funds For The Year Ended August 31, 2004 Private Purpose Trust ASSETS: Imprest Cash Cash on Hand Cash on Deposit with Cty Treasurer Minus Warrants Outstanding Due From Funds Accounts Receivable Accrued Interest Receivable Investments 2, Investments/Cash W/Trustees Assets Capital Assets, Land Capital Assets, Buildings Capital Assets, Equipment Accum. Depreciation, Buildings Accum. Depreciation, Equipment TOTAL ASSETS 2, LIABILITIES: Accounts Payable Due to Funds TOTAL LIABILITIES Net Assets Held in Trust: Reserved for Items Reserved for Trust Principal Unreserved, Designated for Items Unreserved, Undesignated Fund Balance 2, Total Net Assets Held in Trust 2, Trust

11 Statement of Changes in Fiduciary Net Assets PAGE: 10 Trust & Agency Funds For The Year Ended August 31, 2004 Private Purpose Trust ADDITIONS: Contributions: Private Donations Employer Members Total Contributions Investment Earnings: Net Increase (Decrease) in Fair Value of Investments Interest Dividends Total Investment Earnings Less Investment Expense Net Investment Earnings Rent or Lease Revenue Total Additions DEDUCTIONS: Benefits Refund of Contributions Administrative Expenses Scholarships Total Deductions Changes in Net Assets Net Assets--Beginning of Year Prior Year(s) Corrections or Restatemnts 2, Net Assets--End of Year 2, Trust

12 Schedule of Long-Term Debt PAGE: 11 For The Year Ended August 31, 2004 (1) (2) (3) (4) Beginning Amount Amount Ending Outstanding Issued/ Redeemed/ Outstanding Debt Increased Decreased Debt 9/1/2003 8/31/2004 Description (1)+(2)-(3) Total Voted Bonds 1,710, , ,350, Total Non-Voted Notes/Bonds Long-Term Debt: Capital Leases 101, , , Contracts Payable (GL 603) NonCancellable Operating Leases Claims & Judgements Compensated Absences QZAB 38, , , Long-Term Debt Total Long-Term Debt 140, , , , Total Long-Term Debt 1,850, , , ,433,184.37

13 FISCAL YEAR PAGE: 12 - Index REVENUE AND EXPENDITURE DETAIL REPORTS REPORT OF REVENUE AND OTHER FINANCING SOURCES FOR THE GENERAL, DEBT SERVICE CAPITAL PROJECTS, AND TRANSPORTATION VEHICLE FUNDS GENERAL FUND PROGRAM/ACTIVITY/OBJECT EXPENDITURE REPORT GENERAL FUND EXPENDITURE MATRICES FOR EACH PROGRAM

14 Report of Revenues and Financing Sources PAGE: 13 For The Year Ended August 31, 2004 GENERAL FUND DEBT SERVICE CAPITAL TRANSPORTATION FUND PROJECTS FUND VEHICLE FUND LOCAL TAXES 1100 Local Property Tax 1300 Sale of Tax Title Property 680, , Local in-lieu of Taxes 1500 Timber Excise Tax 1600 County Administered Forests 38, , Local Taxes 1000 Total LOCAL TAXES 718, , LOCAL SUPPORT NONTAX 2100 Tuitions and Fees, Unassigned 1, All Day Kindergarten, Tuition & Fees 2131 Secondary Voc Ed Tuitions & Fees 2145 Skills Center Tuitions and Fees 2171 Traffic Safety Education Fees 2173 Summer School Tuitions and Fees 2186 Community School Tuitions and Fees 2188 Day Care Tuitions and Fees 2200 Sale of Goods, Supp & Serv, Unass 1, Sec Voc Ed Sales of GDS, Sup & Serv 2245 Skls Cntr Sales of Goods,Sup & Serv 2288 Day Care 2289 Community Services 2298 Food Services 82, School Bus Revenue 9, Investment Earnings 7, , Interfund Loan Interest Earnings 2500 Gifts and Donations 102, Fines and Damages Rentals and Leases 1, Insurance Recoveries 2, Local Non-tax, Unassigned 18, E-Rate 2000 TOTAL Local Support NonTax 227, , STATE, GENERAL PURPOSE 3100 Apportionment 3,308, Local Effort Assistance 224, State Forests 106, , State Gen Purpose, Unass 3000 Total STATE, GENERAL PURPOSE 3,638, , STATE, SPECIAL PURPOSE 4100 Special Purpose, Unassigned 4121 Special Education 380,867.89

15 Report of Revenues and Financing Sources PAGE: 14 For The Year Ended August 31, 2004 GENERAL FUND DEBT SERVICE CAPITAL TRANSPORTATION FUND PROJECTS FUND VEHICLE FUND STATE, SPECIAL PURPOSE (CONT.) 4126 State Institutions, Special Ed State Matching (Pd Dir to Districts) 4155 Learning Assistance 73, State Institutions Ctrs & Homes Del 4158 Special and Pilot Programs 4, Transitional Bilingual 4166 Student Achievement 4174 Highly Capable 175, , Day Care 4198 School Food Services 4199 Transportation - Operations 5, , State Matching Pd Dir to Contractors 4300 State Agencies, Unassigned 4388 Day Care - State Agencies 4499 Transportation - Depreciation 4000 TOTAL STATE, SPECIAL PURPOSE 911, , , FEDERAL, GENERAL PURPOSE 5200 General Purpose Dir Fed Grants Unass 5300 Impact Aid, Maintenance and Oper 5329 Impact Aid, Special Education Fund 5400 Federal in-lieu-of Taxes 5500 Federal Forests 24, TOTAL FEDERAL, GENERAL PURPOSE 24, FEDERAL, SPECIAL PURPOSE 6100 Special Purpose, OSPI, Unassigned 18, Special Education, Medicaid Reimb. 4, Special Education, Supplemental 206, Secondary Vocational Education 11, Skills Center 6151 Disadvantaged 358, School Improvement 196, Migrant 6154 Reading First 105, Institutions - Neg & Delinquent 6164 Limited English Proficiency 6176 Targeted Assistance 6177 Eisenhower Professional Dev 6188 Day Care 6189 Community Services 5, School Food Services 155, Direct Special Purpose Grants 6240 Impact Aid

16 Report of Revenues and Financing Sources PAGE: 15 For The Year Ended August 31, 2004 GENERAL FUND DEBT SERVICE CAPITAL TRANSPORTATION FUND PROJECTS FUND VEHICLE FUND FEDERAL, SPECIAL PURPOSE (CONT) 6261 Head Start 6264 Bilingual 6267 Indian Education, JOM 6268 Indian Education, ED 6278 Youth Training, - Direct Grants 6289 Community Services 6300 Fed Grants Thru Othr Agencs, Unas Medicaid Administrative Match 6357 Institutions -Neglected and Delinq 6361 Head Start 6367 Indian Education, JOM 6377 Eisenhower Professional Development 6378 Youth Training 6389 Community Services 6998 USDA Commoditities 13, Total FEDERAL, SPECIAL PURPOSE 1,077, REVENUES FROM OTHER SCHOOL DISTRICTS 7100 Prog. Participation, Unassigned 7121 Special Education 7131 Vocational Education 7145 Skills Center 7197 Support Services 7198 Food Services 7199 Transportation 7301 Nonhigh Participation 7000 Total REVS FROM OTHER SCHOOL DIST REVENUES FROM OTHER ENTITITES 8100 Governmental Entities 2, Day Care 8189 Community Services 8198 Food Services 8199 Transportation 8500 Educational Service Districts 8000 Total REVS FROM OTHER ENTITITES 2, OTHER FINANCING SOURCES 9100 Sale of Bonds 9200 Sale of Real Property 9300 Sale of Equipment 9400 Compensated Loss of Capital Assets 9500 Long-Term Financing 9600 Sale of Refunding Bonds 9900 Transfers 39, Total OTHER FINANCING SOURCES 39, TOTAL REVS AND OTHER FINANCING SRCES 6,599, , ,542.64

17 Program/Activity/Object Report PAGE: 16 For The Year Ended August 31, 2004 NO. PROGRAM TITLE AMOUNT NO. ACTIVITY TITLE AMOUNT NO. OBJECT TITLE AMOUNT Basic Education 3,091, Board of Directors 87, Special Ed., Supplemental, 447, Superintendent's Office 184, Debit Transfers 43, Special Ed., Supplemental, 202, Business Office 137, Special Ed., Institutions, 14 Human Resources 1 Credit Transfers 43, Special Ed.,, Federa 21 Supervision 239, Vocational, Basic, State 183, Learning Resources 68, Salaries - Cert Emp 2,832, Vocational, Federal 11, Principal's Office 391, Vocational, Categ 24 Guidance & Counseling 162, Salaries - Class Emp 1,198, Skills Center, Basic, Stat 25 Pupil Management & Safety 54, Skills Centers, Federal 26 Health/Related Services 156, Empl Ben & Payroll Tax 1,008, Disadvantaged, Federal 348, Teaching 3,599, School Improvement, Federa 192, Extracurricular 143, Supplies Instr Resrs & 482, Migrant, Federal 29 Payments to School Dists Noncap Items 54 Reading First, Federal 79, Supervision 4, Learning Assistance, State 73, Food 139, Purchased Services 879, State Inst., Centers and H 44 Operations 109, State Inst., Neg. & Delinq 49 Transfers 8 Travel 22, Special and Pilot Programs 4, Supervision 40, Head Start, Federal 52 Operations 275, Capital Outlay 139, Limited English Prof., Fed 53 Maintenance 90, TOTAL, ALL OBJECTS 6,562, Transitional Bilingual, St 56 Insurance 14, Student Achievement, State 173, Transfers 41, Indian Education, Federal, 61 Supervision 26, Ind. Ed. Fed, ED 62 Grounds Maintenance 35, Compensatory, 63 Operation of Buildings 208, Traffic Safety 64 Maintenance 158, Summer School 65 Utilities 193, Highly Capable 1, Security Targeted Assistance, Feder 68 Insurance 56, Eisenhower Professional De 72 Information Systems 26, Youth Training Programs, F 73 Printing Instructional Prog, 74 Warehousing & Distrib. 81 Public Radio/TV 75 Motor Pool 1, Community Schools 4, Interest 88 Day Care 84 Principal 89 Community Services 85 Debt Related Expenditures 97 District-Wide Support 1,114, Public Activities 98 Food Services 253, TOTAL, ALL ACTIVITIES 6,562, Pupil Transportation 379, TOTAL, ALL PROGRAMS 6,562,917.29