School District of Volusia County

Transcription

1 BM&C BRENT MILLIKAN & COMPANY, P.A. Certified Public Accountants More Than An Accounting Firm! Auditing Services Management Consulting School District of Volusia County Review/Compilation Services Computer Consultation Business Controllership Assistance Business Purchase/Sale Assistance Business Planning General Business Consulting Income Tax Preparation Income Tax Planning I.R.S. Representation Estate and Trust Planning Financial Planning District School Internal Activity Funds Financial Statements and Independent Accountants Report For the Year Ended June 30, 2012

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3 School District of Volusia County School Board Members Dr. Al Williams, Chairman Judy Conte, Vice Chairman Candace Lankford Stan Schmidt Diane Smith Superintendent of Schools Dr. Margaret A. Smith District School Internal Activity Funds Financial Statements and Independent Accountants Report June 30, 2012 i

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5 INTRODUCTORY SECTION Title Page... Table of Contents... i ii FINANCIAL SECTION Combined Financial Statements: Independent Accountants' Report... 1 Statement of Fiduciary Net Assets - All District Schools... Statement 1 3 Statement of Changes in Fiduciary Net Assets - All District Schools... Statement 2 4 Notes to the Financial Statements... 5 Supplemental Information Combining Schedule of Changes in Fiduciary Net Assets-All District Schools... Schedule 1 10 Schedules of Changes in Fiduciary Net Assets: Atlantic High School, Port Orange, FL... Schedule 2 12 Blue Lake Elementary School, DeLand, FL... Schedule 3 13 Campbell Middle School, Daytona Beach, FL... Schedule 4 14 Champion Elementary School, Daytona Beach, FL... Schedule 5 15 Chisholm Elementary School, New Smyrna Beach, FL... Schedule 6 16 Citrus Grove Elementary School, DeLand, FL... Schedule 7 17 Community Learning Center East, Port Orange, FL... Schedule 8 18 Community Learning Center West, Orange City, FL... Schedule 9 19 Coronado Beach Elementary School, New Smyrna Beach, FL... Schedule Creekside Middle School, Port Orange, FL... Schedule Cypress Creek Elementary School, Port Orange, FL... Schedule David C. Hinson Middle School, Daytona Beach, FL... Schedule DeBary Elementary School, DeBary, FL... Schedule DeLand High School, DeLand, FL... Schedule DeLand Middle School, DeLand, FL... Schedule Deltona High School, Deltona, FL... Schedule Deltona Lakes Elementary School, Deltona, FL... Schedule Deltona Middle School, Deltona, FL... Schedule Discovery Elementary School, Deltona, FL... Schedule Edgewater Public Elementary School, Edgewater, FL... Schedule Edith I. Starke Elementary School, DeLand, FL... Schedule elearning- East (formerly Storefront- East)... Schedule elearning- West (formerly Storefront- West)... Schedule Enterprise Elementary School, Enterprise, FL... Schedule Forest Lake Elementary School, Deltona, FL... Schedule Freedom Elementary School, DeLand, FL... Schedule Friendship Elementary School, Deltona, FL... Schedule Galaxy Middle School, Deltona, FL... Schedule George W. Marks Elementary School, DeLand, FL... Schedule Heritage Middle School, Deltona, FL... Schedule Holly Hill K-8 School, Holly Hill, FL... Schedule Holly Hill Middle School, Holly Hill, FL... Schedule Horizon Elementary School, Port Orange, FL... Schedule Indian River Elementary School, Edgewater, FL... Schedule ii

6 Louise S. McInnis Elementary School, DeLeon Springs, FL... Schedule Mainland High School, Daytona Beach, FL... Schedule Manatee Cove Elementary School, Orange City, FL... Schedule New Smyrna Beach High School, New Smyrna Beach, FL... Schedule New Smyrna Beach Middle School, New Smyrna Beach, FL... Schedule Orange City Elementary School, Orange City, FL... Schedule Ormond Beach Elementary School, Ormond Beach, FL... Schedule Ormond Beach Middle School, Ormond Beach, FL... Schedule Ortona Elementary School, Daytona Beach, FL... Schedule Osceola Elementary School, Ormond Beach, FL... Schedule Osteen Elementary School, Osteen, FL... Schedule Palm Terrace Elementary School, Daytona Beach, FL... Schedule Pathways Elementary School, Ormond Beach, FL... Schedule Pierson Elementary School, Pierson, FL... Schedule Pine Ridge High School, Deltona, FL... Schedule Pine Trail Elementary School, Ormond Beach, FL... Schedule Port Orange Elementary School, Port Orange, FL... Schedule Pride Elementary School, Deltona, FL... Schedule R. J. Longstreet Elementary School, Daytona Beach, FL... Schedule Read-Pattillo Elementary School, New Smyrna Beach, FL... Schedule River Springs Middle School, Orange City, FL... Schedule Riverview Learning Center, Daytona Beach, FL... Schedule Seabreeze High School, Daytona Beach, FL... Schedule Silver Sands Middle School, Port Orange, FL... Schedule South Daytona Elementary School, South Daytona, FL... Schedule Southwestern Middle School, DeLand, FL... Schedule Spirit Elementary School, Deltona, FL... Schedule Spruce Creek Elementary School, Port Orange, FL... Schedule Spruce Creek High School, Port Orange, FL... Schedule Sugar Mill Elementary School, Port Orange, FL... Schedule Sunrise Elementary School, Deltona, FL... Schedule Sweetwater Elementary School, Port Orange, FL... Schedule T. Dewitt Taylor Middle-High School, Pierson, FL... Schedule Timbercrest Elementary School, Deltona, FL... Schedule Tomoka Elementary School, Ormond Beach, FL... Schedule Turie T. Small Elementary School, Daytona Beach, FL... Schedule University High School, Orange City, FL... Schedule Volusia Pines Elementary School, Lake Helen, FL... Schedule Westside Elementary School, Daytona Beach, FL... Schedule Woodward Avenue Elementary School, DeLand, FL... Schedule COMPLIANCE SECTION Report on Compliance and on Internal Control over Financial Reporting Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Schedule of Findings and Responses iii

7 INDEPENDENT ACCOUNTANTS' REPORT

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9 BM&C BRENT MILLIKAN & COMPANY, P.A. BRENT MILLIKAN & COMPANY, P.A. CERTIFIED PUBLIC ACCOUNTANTS CERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT ACCOUNTANTS REPORT The Honorable Chair Person, District School Board Members and Superintendent School District of Volusia County, Florida DeLand, Florida We have audited the accompanying statement of fiduciary net assets of the District School Internal Activity Funds of the School District of Volusia County, Florida at June 30, 2012 and the related statement of changes in fiduciary net assets for the fiscal year then ended, as listed in the table of contents. These financial statements are the responsibility of the School District of Volusia County, Florida's management. Our responsibility is to express an opinion on these financial statements 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 the 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 statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. As described more fully in Note 1, the accompanying financial statements present only the District School Internal Activity Funds of the School District of Volusia County, Florida, and do not purport to, and do not, present fairly the financial position of the School District of Volusia County, Florida, as of June 30, 2012 and the changes in its financial position for the year then ended in conformity with accounting principles generally accepted in the United States of America. In our opinion, the financial statements referred to above present fairly, in all material respects, the fiduciary net assets and the changes in fiduciary net assets of the District School Internal Activity Funds of the School District of Volusia County, Florida, as of and for the year ended June 30, 2012 on the basis of accounting described in Note 1. In accordance with Government Auditing Standards, we have also issued a report dated November 16, 2012 on our consideration of the School District of Volusia County, Florida s internal control over financial reporting and our tests of compliance with certain provisions of laws, regulations, contracts, grants, and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. 205 MAGNOLIA ST. NEW SMYRNA BEACH, FL (386) DAYTONA (386) FAX (386) MEMBER: American Institute of Certified Public Accountants and AICPA Private Companies Practice Section 1

10 The Honorable Chairman, District School Board Members and Superintendent School District of Volusia County, Florida Page 2 of 2 Our audit was made for the purpose of forming an opinion on the statement of fiduciary net assets and the statement of changes in fiduciary net assets of the District School Internal Activity Funds of the School District of Volusia County, Florida, taken as a whole. The combining and individual district school schedules of changes in fiduciary net assets of the District School Internal Activity Funds listed in the table of contents are presented for purposes of additional analysis and are not a required part of the basic financial statements of the District School Internal Activity Funds of the School District of Volusia County, Florida. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. November 16,

11 FINANCIAL SECTION

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13 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Statement 1 STATEMENT OF FIDUCIARY NET ASSETS - ALL DISTRICT SCHOOLS As of June 30, 2012 Assets: Cash and Cash Equivalents $ 5,745,684 Total Assets $ 5,745,684 Liabilities and Net Assets: Liabilities: Due to student/ teacher/ parent groups $ 5,745,684 Total Liabilities ,745,684 Net Assets Total Liabilities and Net Assets $ 5,745,684 The accompanying notes are an integral part of the financial statements. 3

14 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Statement 2, FLORIDA STATEMENT OF CHANGES IN FIDUCIARY NET ASSETS - ALL DISTRICT SCHOOLS July 1, 2011 Additions Deletions June 30, 2012 Assets: Cash and cash equivalents $ 5,800,019 11,566,990 11,621,325 5,745,684 Total assets 5,800,019 11,566,990 11,621,325 5,745,684 Liabilities and Net Assets: Liabilities: Due to student/teacher/parent groups 5,800,019 11,566,990 11,621,325 5,745,684 Total liabilities 5,800,019 11,566,990 11,621,325 5,745,684 Net Assets $ The accompanying notes are an integral part of the financial statements. 4

15 NOTES TO THE FINANCIAL STATEMENTS

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17 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS NOTES TO THE FINANCIAL STATEMENTS NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The financial statements of the District School Internal Activity Funds of the School District of Volusia County, Florida, have been prepared in conformance with generally accepted accounting principles as applicable to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted body for promulgating governmental accounting and financial reporting principles. The following is a summary of the significant accounting policies: Reporting Entity The School District of Volusia County (the District ) was established pursuant to Section , Florida Statutes, to provide public educational services for the residents of Volusia County, Florida. Those services are provided primarily to students attending kindergarten through high school, but also to adults seeking vocational training. The District operates 74 schools and education centers which maintain a separate district school internal activity fund established pursuant to District policies and State statutes. The internal activity funds of the District schools and education centers include monies collected and expended within a school which are used for financing the normal program of school activities not otherwise financed by District funds, for providing necessary and proper services and materials for school activities, and for other purposes consistent with the school program as established and approved by the District school board. The District school internal activity funds are the responsibility of the District school board, which is also responsible for developing the necessary systems to ensure that all funds are properly accounted for through use of generally recognized accounting procedures and effectively administered through adherence to internal funds policies of the school board, applicable Florida Statutes and the provisions of "Financial and Program Cost Accounting and Reporting for Florida Schools developed by the Florida Department of Education. Based upon policies adopted by the District, funds collected in connection with summer program activities, funds derived from school athletic events, gifts, and contributions made by band or athletic booster clubs, civic organizations, parent-teacher organizations, and commercial agencies, and all other similar monies, properties, or benefits may be included in internal funds of the school. The cash funds included in the internal activity funds are the property of the various departments, clubs and projects and not that of the District. However, once these funds are collected by District personnel and subsequently deposited into the respective internal activity fund bank accounts, the cash receipts and subsequent disposition of all funds must comply with the guidelines and requirements of the Florida Department of Education and the District. The internal activity funds of the following schools and education centers are included herein: Atlantic High School, Port Orange, FL Blue Lake Elementary School, DeLand, FL Campbell Middle School, Daytona Beach, FL Champion Elementary School, Daytona Beach FL Chisholm Elementary School, New Smyrna Beach, FL Citrus Grove Elementary School, DeLand, FL Community Learning Center East, Port Orange, FL Community Learning Center West, Orange City, FL Coronado Beach Elementary School, New Smyrna Beach, FL Creekside Middle School, Port Orange, FL Cypress Creek Elementary School, Port Orange, FL David C. Hinson Middle School, Daytona Beach, FL 5

18 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS NOTES TO THE FINANCIAL STATEMENTS - (Continued) DeBary Elementary School, DeBary, FL DeLand High School, DeLand, FL DeLand Middle School, DeLand, FL Deltona High School, Deltona, FL Deltona Lakes Elementary School, Deltona, FL Deltona Middle School, Deltona, FL Discovery Elementary School, Deltona, FL Edgewater Public Elementary School, Edgewater, FL Edith I. Starke Elementary School, DeLand, FL elearning- East (formerly Storefront- East), Port Orange, FL elearning- West (formerly Storefront- West), Orange City, FL Enterprise Elementary School, Enterprise, FL Forest Lake Elementary School, Deltona, FL Freedom Elementary School, DeLand, FL Friendship Elementary School, Deltona, FL Galaxy Middle School, Deltona, FL George W. Marks Elementary School, DeLand, FL Heritage Middle School, Deltona, FL Holly Hill K-8 School, Holly Hill, FL Holly Hill Middle School, Holly Hill, FL Horizon Elementary School, Port Orange, FL Indian River Elementary School, Edgewater, FL Louise S. McInnis Elementary School, DeLeon Springs, FL Mainland High School, Daytona Beach, FL Manatee Cove Elementary School, Orange City, FL New Smyrna Beach High School, New Smyrna Beach, FL New Smyrna Beach Middle School, New Smyrna Beach, FL Orange City Elementary School, Orange City, FL Ormond Beach Elementary School, Ormond Beach, FL Ormond Beach Middle School, Ormond Beach, FL Ortona Elementary School, Daytona Beach, FL Osceola Elementary School, Ormond Beach, FL Osteen Elementary School, Osteen, FL Palm Terrace Elementary School, Daytona Beach, FL Pathways Elementary School, Ormond Beach, FL Pierson Elementary School, Pierson, FL Pine Ridge High School, Deltona, FL Pine Trail Elementary School, Ormond Beach, FL Port Orange Elementary School, Port Orange, FL Pride Elementary School, Deltona, FL R. J. Longstreet Elementary School, Daytona Beach, FL Read-Pattillo Elementary School, New Smyrna Beach, FL River Springs Middle School, Orange City, FL Riverview Learning Center, Daytona Beach, FL Seabreeze High School, Daytona Beach, FL Silver Sands Middle School, Port Orange, FL South Daytona Elementary School, South Daytona, FL 6

19 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS NOTES TO THE FINANCIAL STATEMENTS - (Continued) Southwestern Middle School, DeLand, FL Spirit Elementary School, Deltona, FL Spruce Creek Elementary School, Port Orange, FL Spruce Creek High School, Port Orange, FL Sugar Mill Elementary School, Port Orange, FL Sunrise Elementary School, Deltona, FL Sweetwater Elementary School, Port Orange, FL T. Dewitt Taylor Middle-High School, Pierson, FL Timbercrest Elementary School, Deltona, FL Tomoka Elementary School, Ormond Beach, FL Turie T. Small Elementary School, Daytona Beach, FL University High School, Orange City, FL Volusia Pines Elementary School, Lake Helen, FL Westside Elementary School, Daytona Beach, FL Woodward Avenue Elementary School, DeLand, FL The cash transactions and balances relating to petty cash and school lunch funds are not included in the accompanying financial statements because they are accounted for by the School District of Volusia County, Florida. Basis of Presentation In accordance with Florida Statutes, the District financial records account for student activity accounts as an agency fund. This fund is composed of separate sub-funds to account for each District school internal activity fund account. The operations of each sub-fund are accounted for with a separate set of self-balancing accounts that comprise each school s assets, liabilities, and net assets. The statement of changes in fiduciary net assets is prepared on the accrual basis of accounting. Capital Assets All qualifying capital assets acquired with the proceeds of internal activity funds are reported as cash disbursements in the statements of changes in cash balances arising from cash transactions. All personal property acquired with internal activity funds becomes the property of the School District of Volusia County, Florida. 7

20 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS NOTES TO THE FINANCIAL STATEMENTS - (Continued) NOTE 2 - INVESTMENTS AND DEPOSITS As of June 30, 2012, the District had the following investments and maturities: Investment Maturities (Years) Fair Less From Investment Type Value Than Bank of Tokyo Discount Commercial Paper Dated 06/19/2012, 0%, 9/19/ ,431,683 2,431,683 0 PFM Funds Prime Series , ,455 0 Totals... $ 3,279,138 3,279,138 0 Interest Rate Risk. Interest rate risk is the risk that the market value of securities in the portfolio will fall due to changes in general interest rates. The District shall endeavor to mitigate the risk of loss due to interest rate risk by structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity; and by investing operating funds primarily in shorter-term securities. Credit Risk. Credit risk is the risk of loss due to the failure of the security issuer or backer. The District shall endeavor to mitigate the risk of loss due to credit risk by limiting investments to the safest types of securities; prequalifying the financial institutions, brokers/dealers, intermediaries, and advisors with which an entity will do business; and diversifying the investment portfolio so that potential losses on individual securities will be minimized. The District s Investment Policy (Fiscal Management Policy Number 715) limits its investments to: 1. The Florida Local Government Surplus Funds Trust Fund ("SBA), money funds shall be rated "AAAm" by Standard & Poor's or the equivalent by another rating agency; 2. United States Government Securities; 3. Obligations of United States government agencies and instrumentalities; 4. Federal instrumentalities (United States government sponsored agencies) in the form of bonds, debentures, mortgage backed securities, inflation index securities or notes which may be subject to call, which are nonfull faith and credit agencies limited to: i) Federal Farm Credit Bank (FFCB); ii) Federal Home Loan Bank or its District banks (FHLB); iii) Federal National Mortgage Association (FNMA); iv) Federal Home Loan Mortgage Corporation (Freddie-Macs) including Federal Home Loan Mortgage Corporation participation certificates; 5. Non-negotiable interest bearing time certificates of deposit or savings accounts in banks organized under the laws of the State of Florida and/or in national banks organized under the laws of the United States and doing business and situated in the State of Florida; 6. Repurchase agreements collateralized by the United States government, government agencies, and federal instrumentalities with maturities under five years; 7. Commercial paper of any United States company that is rated, at the time of purchase, "Prime-1" by Moody's and "A-1" by Standard & Poor's (prime commercial paper); 8. Corporate notes issued by corporations organized and operating within the United States or by depository institutions licensed by the United States that have a long-term debt rating, at the time of purchase, at a minimum "Aa" by Moody's and a minimum long term debt rating of "AA" by Standard & Poor's; 9. Bankers' acceptances issued by a domestic bank or a federally chartered domestic office of a foreign bank, 8

21 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS NOTES TO THE FINANCIAL STATEMENTS - (Continued) which are eligible for purchase by the Federal Reserve System, at the time of purchase, the short-term paper is rated, at a minimum, "P-1" by Moody's and "A-1" by Standard & Poor's; 10. State and/or local government taxable and/or tax-exempt debt, general obligation and/or revenue bonds, rated at lease "Aa" by Moody's and "AA" by Standard & Poor's for long-term debt, or rated at least "MIG-1" by Moody's and "SP-1" by Standard & Poor's for short-term debt; 11. Registered Investment Companies (Money Market Mutual Funds) open-end, no-load funds provided such funds are registered under the Federal Investment Company Act of 1940 and operate in accordance with Title 17 Code of Federal Regulations. The money market funds shall be rated "AAAm" by Standard & Poor's or the equivalent by another rating agency; and 12. Intergovernmental investment pools that are authorized pursuant to Florida Interlocal Cooperation Act, as provided in Section F.S., and shall be rated "AAAm" by Standard & Poor's or the equivalent by another rating agency. Custodial Credit Risk. Custodial credit risk is the risk that in the event of a bank failure, the District s deposits may not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. At June 30, 2012, the carrying value of the District s cash deposits and short term investments totaled $2,466,535, and the bank balances totaled $2,559,213, which were exposed to custodial credit risk in institutional accounts collateralized in accordance with state collateralization requirements. These deposits exceeded FDIC coverage in the amount of $-0- at year end. Pursuant to the applicable provisions of Chapter 280, Florida Statutes, The Florida Security for Public Deposits Act ("the Act"), the State of Florida, Department of Financial Services, Division of Treasury, Bureau of Collateral Management have established specific requirements relative to the security and collateralization for public deposits. Accordingly, banks qualifying as a public depository in the State of Florida must adopt the necessary procedures outlined in these statutes and meet all of the requirements of this chapter to be designated by the State's Chief Financial Officer as eligible to receive deposits from qualifying depositors. Collateral having a market value equal to 50% of the average daily balance for each month of all public deposits in excess of any applicable depository insurance is required to be pledged or deposited with the State's Chief Financial Officer to secure such deposits. Additional collateral, up to a maximum of 125%, may be required if deemed necessary under the conditions set forth in the Act. Securities eligible to be pledged as collateral are generally limited to obligations of the United States government, and any state thereof, and are held in the name of the State Chief Financial Officer's office. Compliance with the provisions of Chapter 280, Florida Statutes, is monitored by a Qualified Public Depository Oversight Board with members appointed by the State Chief Financial Officer. 9

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23 SUPPLEMENTAL INFORMATION

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25 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 1 COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - ALL DISTRICT SCHOOLS Fund July 1, 2011 Additions Deductions June 30, 2012 Atlantic High School... $ 95, , ,153 97,713 Blue Lake Elementary School... 28,258 48,255 46,079 30,434 Campbell Middle School... 33, ,566 96,147 38,988 Champion Elementary School... 35,460 49,246 47,015 37,691 Chisholm Elementary School... 34,062 35,644 46,064 23,642 Citrus Grove Elementary School ,750 35,880 5,870 Community Learning Center East... 1, ,176 - Community Learning Center West Coronado Beach Elementary School... 20,809 26,363 26,768 20,404 Creekside Middle School... 80, , ,845 63,964 Cypress Creek Elementary School... 44, , ,604 49,741 David C. Hinson Middle School... 68, , ,625 62,616 DeBary Elementary School... 25, , ,612 21,098 DeLand High School , , , ,252 DeLand Middle School... 51, , ,017 41,679 Deltona High School , , , ,540 Deltona Lakes Elementary School... 29,314 53,934 51,193 32,055 Deltona Middle School... 53, , ,848 35,243 Discovery Elementary School... 41,343 54,966 56,501 39,808 Edgewater Public Elementary School... 43,906 50,414 43,511 50,809 Edith I. Starke Elementary School... 14,390 22,467 24,832 12,025 elearning - East (formerly Storefront-East)... 2, ,173 elearning - West (formerly Storefront-West)... 2,135 1,264 1,945 1,454 Enterprise Elementary School... 45,948 57,209 69,334 33,823 Forest Lake Elementary School... 33,703 47,166 48,817 32,052 Freedom Elementary School... 45,241 96,497 99,618 42,120 Friendship Elementary School... 18,746 24,136 32,370 10,512 Galaxy Middle School... 45, , ,868 33,059 George W. Marks Elementary School... 21,778 72,230 72,008 22,000 Heritage Middle School... 82, , ,132 91,789 Holly Hill K-8 School... 34,964 85,973 51,028 69,909 Holly Hill Middle School... 31, ,478 - Horizon Elementary School... 55,538 48,575 49,080 55,033 Indian River Elementary School... 47,216 74,018 67,427 53,807 Louise S. McInnis Elementary School... 21,341 21,577 21,838 21,080 Mainland High School , , , ,051 Manatee Cove Elementary School... 22,902 54,656 63,189 14,369 New Smyrna Beach High School , , , ,164 New Smyrna Beach Middle School , , , ,838 Orange City Elementary School... 43,675 62,169 87,217 18,627 Ormond Beach Elementary School... 47,180 31,140 26,034 52,286 Ormond Beach Middle School... 65, , ,189 45,666 Ortona Elementary School... 14,424 22,357 18,420 18,361 Osceola Elementary School... 48,279 57,623 49,806 56,096 10

26 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 1 (Continued) COMBINING SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - ALL DISTRICT SCHOOLS Fund July 1, 2011 Additions Deductions June 30, 2012 Osteen Elementary School... $ 18,116 64,736 64,885 17,967 Palm Terrace Elementary School... 64,198 41,968 49,770 56,396 Pathways Elementary School... 66,089 80,525 91,704 54,910 Pierson Elementary School... 58,164 77,513 83,881 51,796 Pine Ridge High School , , ,216 88,734 Pine Trail Elementary School... 56, , ,974 45,671 Port Orange Elementary School... 27,427 50,229 50,786 26,870 Pride Elementary School... 19,371 70,908 69,355 20,924 R. J. Longstreet Elementary School... 40,397 74,772 59,310 55,859 Read-Pattillo Elementary School... 28,627 18,534 22,334 24,827 River Springs Middle School... 48, , ,975 51,641 Riverview Learning Center... 78,165 3,180 5,607 75,738 Seabreeze High School , , , ,481 Silver Sands Middle School... 64, , ,572 75,911 South Daytona Elementary School... 91,543 49,247 50,683 90,107 Southwestern Middle School... 36, , ,822 42,352 Spirit Elementary School... 73,870 79,131 65,987 87,014 Spruce Creek Elementary School... 58,476 33,710 39,762 52,424 Spruce Creek High School ,427 1,228,614 1,286, ,017 Sugar Mill Elementary School... 22,546 57,598 58,987 21,157 Sunrise Elementary School... 90,315 61,724 61,709 90,330 Sweetwater Elementary School... 65, , ,293 57,616 T. Dewitt Taylor Middle-High School , , , ,937 Timbercrest Elementary School... 38,243 87,548 88,471 37,320 Tomoka Elementary School ,767 87,933 85, ,737 Turie T. Small Elementary School... 31,902 37,851 28,534 41,219 University High School , , , ,389 Volusia Pines Elementary School... 26,259 38,496 27,337 37,418 Westside Elementary School... 81,518 44,322 40,583 85,257 Woodward Elementary School... 41,091 57,891 61,158 37,824 Total assets - all schools... 5,800,019 11,566,990 11,621,325 5,745,684 Liabilities and Net Assets: Liabilities: Due to internal accounts 5,800,019 11,566,990 11,621,325 5,745,684 Net assets $

27 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 2 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - ATLANTIC HIGH SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Athletics... $ 19, ,450 96,403 (4,760) 20,371 Music... 2,355 11,796 13,022 1,042 2,171. Classes... 20,672 81,350 76,617 (2,048) 23,357 Clubs... 9,181 15,569 16,934 (345) 7,471 Departments... 1,416 2,666 2,322 (387) 1,373 Trusts... 19,390 96,304 92,412 7,275 30,557 General... 23,024 32,609 42,443 (777) 12,413 Total assets 95, , ,153-97,713 Liabilities and Net Assets: Liabilities: Due to internal accounts 95, , ,153-97,713 Net Assets $ Source: Account Analysis Report as of June 30,

28 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 3 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - BLUE LAKE ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Classes... $ - 3,136 1,827 (897) 412 Clubs... 1,178 2,080 2, Departments... 8,320 5,212 4,304 (4,498) 4,730 Trusts... 17,758 29,090 29,189 5,531 23,190 General... 1,002 8,737 8,364 (136) 1,239 Total assets 28,258 48,255 46,079-30,434 Liabilities and Net Assets: Liabilities: Due to internal accounts 28,258 48,255 46,079-30,434 Net Assets $ Source: Account Analysis Report as of June 30,

29 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 4 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - CAMPBELL MIDDLE SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Athletics... $ 6,274 8,624 10, ,690 Music... 2,064 1,680 2,035 (60) 1,649 Classes Clubs... 3,958 10,740 9,853 (62) 4,783 Departments... 6,903 13,711 9,871-10,743 Trusts... 11,075 52,950 49,950 (639) 13,436 General... 2,954 13,836 13, ,352 Total assets $ 33, ,566 96,147-38,988 Liabilities and Net Assets: Liabilities: Due to internal accounts 33, ,566 96,147-38,988 Net Assets $ Source: Account Analysis Report as of June 30,

30 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 5 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - CHAMPION ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Classes... $ (24) 2 Clubs ,111 5, Departments... 2,534 9,317 8, ,481 Trusts... 27,727 31,557 28,854 (20) 30,410 General... 4,598 3,237 4, ,298 Total assets 35,460 49,246 47,015-37,691 Liabilities and Net Assets: Liabilities: Due to internal accounts 35,460 49,246 47,015-37,691 Net Assets $ Source: Account Analysis Report as of June 30,

31 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 6 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - CHISHOLM ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Classes... $ 2,738 1,021 2,939 1,344 2,164 Clubs... 2,840 6,072 7, ,917 Departments... 3,971 7,386 9, ,124 Trusts... 23,170 19,453 25,395 (504) 16,724 General... 1,343 1, (1,344) 713 Total assets 34,062 35,644 46,064-23,642 Liabilities and Net Assets: Liabilities: Due to internal accounts 34,062 35,644 46,064-23,642 Net Assets $ Source: Account Analysis Report as of June 30,

32 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 7 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - CITRUS GROVE ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Classes... $ Departments ,363 8, ,045 Trusts ,493 20,104 (18) 2,371 General ,506 7, ,369 Total assets - 41,750 35,880-5,870 Liabilities and Net Assets: Liabilities: Due to internal accounts - 41,750 35,880-5,870 Net Assets $ Source: Account Analysis Report as of June 30,

33 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 8 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - COMMUNITY LEARNING CENTER EAST Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Classes... $ Departments Trusts General Total assets 1, , Liabilities and Net Assets: Liabilities: Due to internal accounts 1, , Net Assets $ Source: Account Analysis Report as of June 30,

34 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 9 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - COMMUNITY LEARNING CENTER WEST Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Clubs... $ Trusts Total assets $ Liabilities and Net Assets: Liabilities: Due to internal accounts Net Assets $ Source: Account Analysis Report as of June 30,

35 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 10 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - CORONADO BEACH ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Classes... $ Clubs... 1,205 1, ,867 Departments... 4,007 11,747 10, ,082 Trusts... 13,441 11,456 13,179 (16) 11,702 General... 1,700 1,960 2,241-1,419 Total assets 20,809 26,363 26,768-20,404 Liabilities and Net Assets: Liabilities: Due to internal accounts 20,809 26,363 26,768-20,404 Net Assets $ Source: Account Analysis Report as of June 30,

36 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 11 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - CREEKSIDE MIDDLE SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Athletics... $ 1,645 5,738 6, ,578 Music... 6,173 38,650 31,601 1,571 14,793 Classes... 6,155 19,165 22,235 2,312 5,397 Clubs... 2,929 8,995 9, ,812 Departments... 4,991 4,805 5,522-4,274 Trusts... 38, , ,382 (6,477) 21,636 General... 19,692 29,376 37,722 2,128 13,474 Total assets 80, , ,845-63,964 Liabilities and Net Assets: Liabilities: Due to internal accounts 80, , ,845-63,964 Net Assets $ Source: Account Analysis Report as of June 30,

37 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 12 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - CYPRESS CREEK ELEMENTARY Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Assets: Cash and Cash Equivalents: Classes... $ 2,163 7,830 8, ,156 Clubs... 1,262 8,215 9, Departments... 4,438 13,749 16,872 (305) 1,010 Trusts... 16,262 69,397 61, ,299 General... 20,441 15,588 13,706 (542) 21,781 Total assets $ 44, , ,604-49,741 Liabilities and Net Assets: Liabilities: Due to internal accounts 44, , ,604-49,741 Net Assets $ Source: Account Analysis Report as of June 30,

38 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 13 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - DAVID C. HINSON MIDDLE SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Athletics... $ 2,297 4,709 3,986-3,020 Music... 1,906 6,040 5,978 (439) 1,529 Classes... 4,172 9,445 5,835 (2,721) 5,061 Clubs... 4,528 4,306 5, ,908 Departments... 17,799 14,266 17,188 (89) 14,788 Trusts... 32, , ,218 2,963 26,619 General... 5,666 15,233 13, ,691 Total assets 68, , ,625-62,616 Liabilities and Net Assets: Liabilities: Due to internal accounts 68, , ,625-62,616 Net Assets $ Source: Account Analysis Report as of June 30,

39 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 14 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - DEBARY ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Classes... $ 5,646 3,854 6,053 (670) 2,777 Clubs... 2,569 17,273 17, ,038 Departments... 4,663 12,625 14,768 (430) 2,090 Trusts... 9,203 77,660 77, ,455 General... 3,371 10,846 10, ,738 Total assets 25, , ,612-21,098 Liabilities and Net Assets: Liabilities: Due to internal accounts 25, , ,612-21,098 Net Assets $ Source: Account Analysis Report as of June 30,

40 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 15 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - DELAND HIGH SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Athletics... $ 67, , ,175 18, ,401 Music... 11, , ,835 2,190 14,024 Classes... 24,652 63,096 62,420 2,331 27,659 Clubs... 59, , ,673 3,257 67,626 Departments... 12,704 21,081 20,220 2,616 16,181 Trusts , , ,733 (27,625) 122,351 General... 96, , ,521 (830) 106,010 Total assets 421, , , ,252 Liabilities and Net Assets: Liabilities: Due to internal accounts 421, , , ,252 Net Assets $ Source: Account Analysis Report as of June 30,

41 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 16 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - DELAND MIDDLE SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Athletics... $ 5,193 4,525 5,549-4,169 Music ,324 1,549-1,131 Classes... 2,325 13,889 13, ,482 Clubs... 9,698 28,371 30,934 (99) 7,036 Departments ,253 6,938 3,504 1,238 Trusts... 17,316 56,711 58,680 (2,948) 12,399 General... 15,736 20,580 22,588 (504) 13,224 Total assets 51, , ,017-41,679 Liabilities and Net Assets: Liabilities: Due to internal accounts 51, , ,017-41,679 Net Assets $ Source: Account Analysis Report as of June 30,

42 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 17 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - DELTONA HIGH SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Athletics... $ 83, , ,477 (7,598) 89,150 Music... 9,967 33,691 33,118 (3,431) 7,109 Classes... 29,340 55,472 55,235 (3,036) 26,541 Clubs... 15,809 70,538 68,890 (511) 16,946 Departments... 7,211 9,240 3,677 (664) 12,110 Trusts... 74, , ,209 (5,769) 63,296 General... 36,521 41,497 73,639 21,009 25,388 Total assets 256, , , ,540 Liabilities and Net Assets: Liabilities: Due to internal accounts 256, , , ,540 Net Assets $ Source: Account Analysis Report as of June 30,

43 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 18 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - DELTONA LAKES ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Classes... $ 8,263 2,656 7,352 6,099 9,666 Clubs ,364 1,361 (15) 230 Departments... 3,874 6,340 6, ,540 Trusts... 13,384 41,646 33,269 (6,391) 15,370 General... 3,551 1,928 2, ,249 Total assets 29,314 53,934 51,193-32,055 Liabilities and Net Assets: Liabilities: Due to internal accounts 29,314 53,934 51,193-32,055 Net Assets $ Source: Account Analysis Report as of June 30,

44 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 19 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - DELTONA MIDDLE SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Athletics... $ 3,241 5,360 8, Music... 11,042 2,568 9, ,819 Classes... 6,630 23,745 28,099 5,715 7,991 Clubs... 2,753 20,295 19, ,355 Departments... 11,292 1,560 3, ,002 Trusts... 16,683 52,584 54,317 (6,562) 8,388 General... 1,599 7,739 8,245 (6) 1,087 Total assets 53, , ,848-35,243 Liabilities and Net Assets: Liabilities: Due to internal accounts 53, , ,848-35,243 Net Assets $ Source: Account Analysis Report as of June 30,

45 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 20 SCHEDULE OF CHANGES IN FINDUCIARY NET ASSETS - DISCOVERY ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Classes... $ Clubs ,180 1, Departments... 3,699 11,226 10,346 (193) 4,386 Trusts... 27,478 37,384 38, ,702 General... 10,122 5,176 6,594-8,704 Total assets 41,343 54,966 56,501-39,808 Liabilities and Net Assets: Liabilities: Due to internal accounts 41,343 54,966 56,501-39,808 Net Assets $ Source: Account Analysis Report as of June 30,

46 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 21 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - EDGEWATER PUBLIC ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Music... $ Classes... 3, ,062 1,716 4,201 Clubs ,772 3,760 (2,864) 3,132 Departments... 1,554 9,856 10, ,457 Trusts... 24,871 26,105 18, ,184 General... 12,887 4,333 8, ,712 Total assets 43,906 50,414 43,511-50,809 Liabilities and Net Assets: Liabilities: Due to internal accounts 43,906 50,414 43,511-50,809 Net Assets $ Source: Account Analysis Report as of June 30,

47 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 22 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - EDITH I. STARKE ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Classes... $ 3,113 2,673 3,054 (4) 2,728 Clubs ,945 1, Departments... 1,701 1,785 2, Trusts... 8,227 15,639 16, ,320 General... 1, (210) 865 Total assets 14,390 22,467 24,832-12,025 Liabilities and Net Assets: Liabilities: Due to internal accounts 14,390 22,467 24,832-12,025 Net Assets $ Source: Account Analysis Report as of June 30,

48 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 23 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - ELEARNING - EAST (formerly Storefront School - East) Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Trusts... $ 1, General... 1, ,569 Total assets 2, ,173 Liabilities and Net Assets: Liabilities: Due to internal accounts 2, ,173 Net Assets $ Source: Account Analysis Report as of June 30,

49 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 24 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - ELEARNING - WEST (formerly Storefront School - West) Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Trusts... $ 1,986 1,107 1,910-1,183 General Total assets 2,135 1,264 1,945-1,454 Liabilities and Net Assets: Liabilities: Due to internal accounts 2,135 1,264 1,945-1,454 Net Assets $ Source: Account Analysis Report as of June 30,

50 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 25 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - ENTERPRISE ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Classes... $ 285 5,179 4, Clubs ,126 (1) 442 Departments... 2,923 8,768 10, ,447 Trusts... 40,156 40,312 51, ,626 General... 1,830 2,135 1,401 (972) 1,592 Total assets 45,948 57,209 69,334-33,823 Liabilities and Net Assets: Liabilities: Due to internal accounts 45,948 57,209 69,334-33,823 Net Assets $ Source: Account Analysis Report as of June 30,

51 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 26 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - FOREST LAKE ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Classes... $ 1, (67) 1,385 Clubs Departments... 7,585 1,020 4, ,490 Trusts... 12,068 38,597 38,597 (360) 11,708 General... 12,657 6,020 4,713 (561) 13,403 Total assets 33,703 47,166 48,817-32,052 Liabilities and Net Assets: Liabilities: Due to internal accounts 33,703 47,166 48,817-32,052 Net Assets $ Source: Account Analysis Report as of June 30,

52 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 27 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - FREEDOM ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Music... $ ,513 9,604 (27) 3,162 Classes... 1,145 4,574 3,262 (106) 2,351 Clubs... 1,741 4,237 6,066 1,402 1,314 Departments... 4,396 25,789 22,717 (335) 7,133 Trusts... 24,706 42,733 44,307 (984) 22,148 General... 12,973 6,651 13, ,012 Total assets 45,241 96,497 99,618-42,120 Liabilities and Net Assets: Liabilities: Due to internal accounts 45,241 96,497 99,618-42,120 Net Assets $ Source: Account Analysis Report as of June 30,

53 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 28 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - FRIENDSHIP ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Classes... $ , Clubs Departments Trusts... 16,099 19,780 28,990 (219) 6,670 General... 1,504 3,522 1,996 (665) 2,365 Total assets 18,746 24,136 32,370-10,512 Liabilities and Net Assets: Liabilities: Due to internal accounts 18,746 24,136 32,370-10,512 Net Assets $ Source: Account Analysis Report as of June 30,

54 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 29 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - GALAXY MIDDLE SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Athletics...$ 45 5,742 4,760-1,027 Music... 3,371 16,356 14,970 (1,785) 2,972 Classes... 4,171 20,465 22,715 (341) 1,580 Clubs... 13,709 13,758 17,208 (591) 9,668 Departments ,192 4, Trusts... 13, , ,780 (2,843) 15,360 General... 10,937 5,747 20,150 5,560 2,094 Total assets 45, , ,868-33,059 Liabilities and Net Assets: Liabilities: Due to internal accounts 45, , ,868-33,059 Net Assets $ Source: Account Analysis Report as of June 30,

55 DISTRICT SCHOOL INTERNAL ACTIVITY FUNDS Schedule 30 SCHEDULE OF CHANGES IN FIDUCIARY NET ASSETS - GEORGE W. MARKS ELEMENTARY SCHOOL Assets: Interfund Transfers Fund July 1, 2011 Additions Deductions In (Out) June 30, 2012 Cash and Cash Equivalents: Music... $ ,238 12, Classes Clubs ,524 1, Departments... 3,632 13,234 12, ,578 Trusts... 17,615 38,929 39,468 (1,260) 15,816 General... (334) 6,305 6,148 1,178 1,001 Total assets 21,778 72,230 72,008-22,000 Liabilities and Net Assets: Liabilities: Due to internal accounts 21,778 72,230 72,008-22,000 Net Assets $ Source: Account Analysis Report as of June 30,