Pennsylvania Department of Education Comptroller s Office

Transcription

1 LEA Name: West Chester Area SD Class Size: 2 County: Chester Address 829 Paoli Pike AUN Number City West Chester, PA ~ Pennsylvania Department of Education Comptroller s Office School District, AVTS/CTC, Special Program Jointures, and Charter School Annual Financial Report (GASB 34) PDE-2057 For the Fiscal Year Ending 06/30/2003 CERTIFICATION: By signing this report I agree that this is a complete and accurate statement of the financial operations and status of the local education agency for the fiscal year. It has been prepared in accordance with generally accepted accounting principles and established Commonwealth of PA ~reporting guidelines. N \/ Board Secretary Date Date / / ~ John T.ScuIIy Contact Person (610) Contact Person Te ephone Number jscully@wcasd.k12.pa.us Contact Person E-maH Address 11/18/2003 9:50:23 PM

2 STATEMENT OF NET ASSETS: ENTITY-WIDE (NAGW) Printed 11/18/2003 9:50:24 PM Page EW-1 Amounts Expressed in Whole Dollars Governmental Business-Type Component Activities Activities TOTAL Units ASSETS Current Assets: 0100 Cash and Cash Equivalents 882,186 4, , Investments , , ,336, Taxes Receivable (Net) 3,113,264 3,113, Internal Balances 0141 Due from Other Governments 233,629 25, , Due From Primary Governments 0147 Due From Component Units 0150 Other Receivables 509,147 13, , Inventories 535, , Prepaid Expenses / Expenditures 40,905 40, Other Current Assets Total Current Assets 117,124, , ,694,535 Noncurrent Assets: 0108 Restricted Cash and Cash Equivalents 0211 Land 2,854,869 2,854, Site Improvements 2,553,728 2,553, Building & Building Improvements (net Acc Dep) 82,023,752 82,023, Furniture & Equipment (net Acc Dep) 4,799, ,244 4,911, Construction in Progress 35,859,161 35,859, Long-Term Prepayments (net Acc Amort LT Prepaymt) 810, , Infrastructure Assets (net Acc Dep) 0290 Other LT Receivables (md Adv to Other Funds) Total Noncurrent Assets , , ,013,241 TOTAL ASSETS 246,026, , ,707,776

3 STATEMENT OF NET ASSETS: ENTITY*W1OE (NAGW) Page EW-2 Printed 11/18/2003 9:50:24 PM Amounts Expressed in Whole Dollars Governmental Business-Type Component Activities Activities TOTAL Units LIABILITIES Current Liabilities: 0403 Internal Balances 0411 Due to Other Governments 0412 Due to Primary Government 0413 Due to Component Units 0420 Accounts Payable 11,650, ,741 11,846, Contracts Payable 0440 Current Portion of Long-Term Debt 22,342,000 22,342, Short-Term Payables 0461 Accrued Salaries and Benefits 0462 Payroll Deductions and Withholdings 0480 Deferred Revenues 10,570 10, Other Current Liabilities 1,661,810 1,661,810 Total Current Liabil,ttes Noncurrent Liabilities: 0470 Advances from Other Funds 0510 Bonds Payable 186,428, ,428, Extended Term Financing Agreements Payable 0530 Lease Purchase Obligations 0540 LI Portion of Comp Abs 4,553,759 4,553, Authority Lease Obligations 0590 Other Long-Term Liabilities Total Noncurrent Liabilities 190,981, ,981,856 TOTAL LIABILITIES 226,636, , ,842,470 NET ASSETS 0791 Invested in Capital Assets Net of Related Debt 111, , Retirement of Long-Term Debt 0793 Capital Projects 0794 Term Endowment - Expendable 0795 Permanent Endowment - Nonexpendable 0798 Other Restrictions 0799 Unrestricted (deficit) 19,390, ,367 19,754,062 TOTAL NET ASSETS 19,390, ,611 19,865,306 TOTAL LIABILITIES AND NET ASSETS 246,026, , ,707,776

4 STATEMENT OF ACTIVITIES (SOA) Printed 11/18/2003 9:50:25 PM Page EW-3A Program Revenues Indirect Operating Capital Amounts Expressed in Whole Dollars Expenses Charges for Grants and Grants and Expenses Allocation Services Contributions Contributions Governmental Activities Depreciation - unallocated 6,010,290 Instruction 76,389, ,111 10,894,806 Instructional Student Support 10,577, ,120 Administrative and Financial Support Svcs 10,829,598 Operation and Maintenance of Plant Services 11,202,959 36, ,489 Pupil Transportation 9,234,230 5,220,663 Food Service (Governmental Activity) Student Activities 1,880, ,574 Community Services 69,991 Scholarships and Awards Interest on Long-Term Debt 6,580,671 Total Governmental Activities 132,774, ,944 17,191,078 Business-type Activities Food Service (Business-type Activity) 2,334,562 2,020, ,645 Child Care Other Enterprise Funds Total Business-Type Activities 2,334,562 2,020, ,645 TOTAL PRIMARY GOVERNMENT 135,109,261 2,499,161 17,524,723 Component Units TOTAL PRIMARY GOVERNMENT AND COMPONENT UNITS 135,109,261 2,499,161 17,524,723

5 STATEMENT OF ACTIVITIES (SOA) Printed 11/18/2003 9:50:25 PM Page EW-3B Net (Expense) Revenue and Changes in Net Assets Governmental Business-type Component Activities Activities Total Units (6,010,290) (6,010,290) (65,170,392) (65,170,392) (10,297,295) (10,297,295) (10,829,598) (10,829,598) (10,371,211) (10,371,211) (4,013,567) (4,013,567) (1,761,662) (1,761,662) (69,991) (69,991) (6,580,671) (6,580,671) (115,104,677) (115,104,677) 19,300 19,300 19,300 19,300 (115,104,677) 19,300 (115,085,377) (115,104,677) 19,300 (115,085,377)

6 PDE Annual Financial West Chester Report (GASB Area SD34) - 06/30/2003 Fiscal Year End STATEMENT OF ACTIVITIES (SOA) Printed 11/18/2003 9:50:25 PM Page EW-4A Program Revenues Indirect Operating Capital Amounts Expressed in Whole Dollars Expenses Charges for Grants and Grants and TOTAL PRIMARY GOVERNMENT AND COMPONENT UNITS (from previous page) Allocation Services Contributions Contributiorn General Revenues, Special and Extraordjna~Items, and Transfers Taxes: Property Taxes, Levied for General Purposes, Net Taxes levied for specific purposes Grants, subsidies, Contritbutions not restricted Investment Earnings Receipts from Member Districts (AVTS/CTC Only) Miscellaneous Income Special Item (e.g., Contr to Term or Perm Endowmt) Extraordinary Items Transfers between Governmental BT Activities Total General Revenues Special and Extraordina~Items, and Transfers CHANGES IN NET ASSETS Net Assets Beginning Prior Period Adjustment NET ASSETS - END OF FISCAL YEAR

7 STATEMENT OF ACTIVITIES (SOA) Printed 11/18/2003 9:50:25 PM Page EW-4B Net (Expense) Revenue and Changes in Net Assets Governmental Business-type Component Activities Activities Total Units (115,104,677) 19,300 (115,085,377) 107,247, ,247,334 6,911,875 6,911,875 1,967,254 8,284 1,975,538 12,129 12, ,138,592 8, ,146,876 1,033,915 27,584 1,061,499 17,916, ,027 18,363, , ,868 19,390, ,611 19,865,306

8 BALANCE SHEET - Governmental Funds (NAG) Page GOV-1A Printed 11/18/2003 9:50:26 PM Amounts Expressed in Whole Dollars General Capital Reserve 690 Capital Reserve 1432 Public Purpose Trust Other Compt Approved (10) (21) (22) (27) (28) ASSETS Assets 0100 Cash and Cash Equivalents 881, Investments 16,861, Taxes Receivable (Net) 3,113, Due From Other Funds 4,287,778 13,006, Due from Other Governments (Include Accounts ) 233, Due From Primary Governments 0147 Due From Component Units 0150 Other Receivables (Include Bond Proceeds Receivable) 403, , Advances to Other Funds (Long-Term Loans) 0170 Inventories 535, Prepaid Expenses / Expenditures 40, Other Current Assets TOTAL ASSETS 26,357,971 13,112,256 NOTE: Pursuant to GASB Statement 34, only major funds are reported individually. Major funds are determined by certain accounting criteria. All nonmajor funds maintained by the school are reported in the other column.

9 BALANCE SHEET - Governmental Funds NAG) Page GOV-1B Printed 11/18/2003 9:50:26 PM Athletic/ Capital Debt Non-Major Total Activity Projects Service Permanent Governmental Governmental (29) (30) (40) (90) Funds Funds Assets , ,948, ,810, ,113, ,293,448 26,061 21,614, , , , , ,242,422 26, ,739,091 TOTAL 0190 NOTE: Pursuant to GASB Statement 34, only major funds are reported individually. Major funds are determined by certain accounting criteria. All nonmajor funds maintained by the school are reported in the other column.

10 BALANCE SHEET - Governmental Funds (NAG) Page GOV-2A Printed 11/18/2003 9:50:26 PM Amounts Expressed in Whole Dollars General Capital Reserve 690 Capital Reserve 1432 Public Purpose Trust Other Compt Approved (10) (21) (22) (27) (28) LIABILITIES AND FUND BALANCES Liabilities 0400 Due to Other Funds 7,294,956 29, Due to Other Governments 0412 Due to Primary Government 0413 Due to Component Units 0420 Accounts Payable 5,385,718 33, Contracts Payable 0440 Current Portion of Long-Term Debt (e.g. St Comp Abs) 0450 Short-Term Payables 0461 Accrued Salaries and Benefits 3,274, Payroll Deductions and Withholdings 0470 Advances from Other Funds 0480 Deferred Revenues 2,416, Other Current Liabilities TOTAL LIABILITIES 18,371,726 63,007 Fund Balances 0751 Reserve for Inventories 0752 Reserve for Prepaid Expenses 0753 Reserve for Encumbrances 0754 Reserve for Retirement of Long-Term Debt 0755 Reserve for Capital Projects 0759 Reserve for Other (explain) 0760 Specific Fund Balance Reserves 0771 Unreserved - Designated 363, Unreserved - Undesignated 7,623,205 13,049,249 TOTAL FUND BALANCES 7, TOTAL LIABILITIES AND FUND BALANCES 26,357,971 13,112,256 NOTE: Pursuant to GASB Statement 34, only major funds are reported individually. Major funds are determined by certain accounting criteria. All nonmajor funds maintained by the school are reported in the other column.

11 BALANCE SHEET - Governmental Funds NAG) Page GOV-2B Printed 11/18/2003 9:50:26 PM Athletic/ Capital Debt Non-Major Total Activity Projects Service Permanent Governmental Governmental (29) (30) (40) (90) Funds Funds Liabilities 16,002,238 23,326, ,241,344 2,838 6,663, ,274, ,416, Fund Balances , ,998,840 23, ,694, ,998,840 23, ,057,938 99,242,422 26, ,739,091 TOTAL NOTE: Pursuant to GASB Statement 34, only major funds are reported individually. Major funds are determined by certain accounting criteria. All nonmajor funds maintained by the school are reported in the other column.

12 Reconciliation: Governmental Funds Balance Sheet to Statement of Net Assets Entity-Wide (NAGWR) Printed 11/18/2003 9:50:26 PM Page GOV- 3 Amounts Expressed in Whole Dollars Amount Amount Total Fund Balances - Governmental Funds 103,057,938 Capital assets used in governmental activities are not financial resources and therefore 128,091,449 are not reported as assets in governmental funds. The cost of assets is $200,205,702, and the accumulated depreciation is $72,114,253 Property taxes receivable will be collected this year, but are not available soon enough to 2,416,426 pay for the current period s expenditures, and therefore are deferred in the funds Bond issuance costs are not financial resources and therefore are not reported as assets 810,548 in the governmental funds. Issuance costs are $810,557, net of accumulated amortization Long-term liabilities, including bonds payable, are not due and payable in the current period, and therefore are not reported as liabilities in the funds. Long-term liabilities at year-end consist of: Bonds payable (208,770,097) Accrued Interest on the Bonds (1,661,810) Accrued Severerance and Compensated Absenses (4,553,759) Total Net Assets - Governmental Activities 19,390,695

13 Printed 11/18/2003 9:50:27 PM Amounts Expressed in Whole Dollars STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE (REG) Governmental Funds Page GOV-4A General (10) REVENUES 6000 Local Sources 7000 State Sources 8000 Federal Sources TOTAL REVENUES 109,724,764 21,368,451 2,053, ,146,558 EXPENDITURES 1000 Instruction 2000 Support Services 3000 Noninstructional Services 4000 Capital Outlay 5110 Debt Service (Principal & Interest) 5130 Refund of Prior Year Receipts TOTAL EXPENDITURES 77,384,157 41,823,486 2,196, ,457 12,057,704 2, ,814,374 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES OTHER FINANCING SOURCES (USES) 9110 Bonds Issued (Do not include Refunded Bonds) 9120 Refunding Bonds Issued 9200 Proceeds From Extended Term Financing 9300 Interfund Transfers (From Other Funds) 9400 Sale / Compensation for Fixed Assets 9710 Transfers from Component Unit 9720 Transfers From Primary Govt 5120 Debt Service - Refunded Bond Issues (Pmt to Ref Bond Escrow Agent) 5200 Transfers Out 5310 Transfers to Component Unit Capital Reserve 690 (21) Capital Reserve 1432 (22) (667,816) 2,120,662 1,964,690 1,075,176 2,120,662 1,045,486 (155,972) NET CHANGE IN FUND BALANCES 0040 Fund Balance - Beginning of Fiscal Year 0050 Prior Period Adjustment 377,670 7,608,575 (155,972) 13,205,221 FUND BALANCE - END OF YEAR 7,986,245 13,049,249 TOTAL OTHER FINANCING SOURCES (USES) SPECIAL AND EXTRAORDINARY ITEMS 8888 Special Items 8889 Extraordinary Items Public Purpose Trust (27) Other Compt Approved (28)

14 Printed 11/18/2003 9:50:27 PM Athletic/ Activity (29) Capital Projects (30) Debt Service (40) Permanent (90) STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE (REG) Governmental Funds Page GOV-4B Other Governmental Funds 1,349, ,574 1,349, , ,192,968 21,368,451 2,053, ,614, ,580 77,384,157 41,823,486 2,311,350 18,540,413 61,329,158 2, ,391,364 3,994 (66,776,602) 114,580 18,190,956 1,523,003 47,748,451 19,713,959 47,748,451 (18,364,329) (47,748,451) 29,753,768 47,748, ,514 28,864,254 Total Governmental Funds 77,502, ,085, ,085,352 47,748,451 77,502, ,499,925 71,498,915 3,994 19,610 10,725,617 92,332,321 81,998,840 23, ,057,

15 Printed 11/18/2003 9:50:28 PM Reconciliation: Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to Statement of Activities (SOAR) Page GOV- 5 Amounts Expressed in Whole Dollars Amount Total net change in fund balances - governmental funds Amount 10,725,617 Capital outlays are reported in governmental funds as expenditures. However, in the statement of activities, the cost of those assets is allocated over their estimated useful lives as depreciation expense.this is the amount by which capital outlays ($20,152,972) exceed depreciation expense $6,010,290 in the period 14,142,682 Repayment of bond principal is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the statement of net assets 52,524,497 Because some property taxes will not be collected for several months after the District s fiscal year ends, they are not considered available revenues are deferred in the governmental funds. Deferred tax revenues decreased by this amount this year (363,924) Refunds of prior year expenditures are considered a revenue in the governmental funds but represent a prior period adjustment in the statement of activities (439,868) In the statement ofactivities, certain operating expenses - compensated absences (vacations) and special termination benefits (severance) - are measured by the amounts earned during the year. In the governmental funds,however, expenditures for these items are measured by the amount of financial resources used (essentially, the amounts actually paid).this year,vacation leave earned exceeded the amounts used by $84,589 and severance earned exceeded the amounts paid by $195,061 (279,650) Interest on long-term debt in the statement of activities differs from the amount reported in the governmental funds because interest is recognized as an expenditure in the funds when it is due, and thus requires the use of current financial resources. In the statement of activities, however, interest expense is recognized as it accrues, regardless of when it is due. The accrued interest on bonds payable increased by $126,202 (126,202) Debt issuance costs are reported as expenditures in the governmental funds when debt is first issued. In the statement of activities, these amounts are deferred and amortized.this is the amount by which issuance costs exceeds amortization 750,874 Bond proceeds are reported as financing sources in governmental funds and thus contribute to the change in fund balances. In the statement of activities, however, issuing debt increases long-term liabilities in the statement of net assets and does not affect the statement of activities. This amount represents total bond proceeds, net of deferral amounts associated with the issuance of the debt (75,900,111)

16 Printed 11/18/2003 9:50:28 PM Reconciliation: Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to Statement of Activities (SOAR) Page GOV- 6 Amount Change in Net Assets - Governmental Activities Amount 1,033,915

17 Printed 11/18/2003 9:50:29 PM Amounts Expressed in Whole Dollars REVENUES 6000 Local Sources 7000 State Sources 8000 Federal Sources TOTAL REVENUES EXPENDITURES 1100 Regular Programs 1200 Special Programs 1300 Vocational Programs 1400 Other Instructional Programs 1600 Adult Education Programs 1700 Community/Junior College Programs 2100 Pupil Personnel Services 2200 Instructional Staff Services 2300 Administrative Services 2400 Pupil Health 2500 Business Services 2600 Operation and Maintenance of Plant Services 2700 Student Transportation Services 2800 Central & Other Support Services 2900 Other Support Services 3100 Food Services 3200 Student Activities 3300 Community Services 3400 Scholarships and Awards 4000 Capital Outlay 5110 Debt Service (Principal& Interest) 5130 Refund of Prior Year Receipts TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE (REBAG) BUDGET AND ACTUAL General Fund Page GOV-7 Budgeted Amounts Original Final Actual (Budgetary Basis) Variance With Final Budget Positive (Negative) 107,021,443 21,322,501 2,021, ,365, ,160,535 21,578,224 2,053, ,792, ,724,764 21,368,451 2,053, ,146,558 2,564,229 (209,773) 59,603,797 14,156,616 3,325,045 1,970,584 28,302 59,792,154 14,311,087 3,147,755 1,853,352 26,177 58,403,941 14,075,703 3,047,853 1,830,483 26,177 1,388, ,384 99,902 22,869 4,918,648 4,290,219 7,593,325 1,556,343 1,166,460 10,922,102 9,382,290 2,019,291 4,909,957 4,464,750 7,752,656 1,631,702 1,121,040 11,156,274 9,255,589 2,145,096 4,792,719 4,329,855 7,665,380 1,627,225 1,076,993 10,968,361 9,234,230 1,989, , , ,895 87,276 4,477 44, ,913 21, ,106 (138,734) 2,100,023 92,281 2,173,738 89,240 2,126,779 69,991 46,959 19, ,582 13,207, ,767 12,060, ,704, ,242, ,457 12,057,704 2, ,814,375 2,310 2,800 (2,800) 2,428,463 (6,339,568) (5,450,736) (667,817) 2,354,456 4,782,919

18 Printed 11/18/2003 9:50:29 PM Amounts Expressed in Whole Dollars STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE (REBAG) BUDGET AND ACTUAL General Fund Page GOV-8 Budgeted Amounts Original Final Actual (Budgetary Basis) Variance With Final Budget Positive (Negative) OTHER FINANCING SOURCES (USES) 9100 Sale of Bonds 9200 Proceeds From Extended Term Financing 9300 Interfund Transfers 9400 Sale / Compensation for Fixed Assets 9700 Transfers from Comp Unit / Primary Govt 5120 Debt Service - Refunded Bond Issues 5200 Transfers Out 5300 Transfers to Component Units 5900 Budgetary Reserve (2,605,600) (2,419,256) TOTAL OTHER FINANCING SOURCES (USES) 4618,114 5, ( ) NET CHANGE IN FUND BALANCES 0040 Fund Balance - Beginning of Fiscal Year 0050 Prior Period Adjustment (1,721,454) 6,932,654 56,210 6,932, ,669 7,608, , ,921 FUND BALANCE - END OF YEAR 5,211,200 6,988,864 7,986, ,380 2,012,514 2,012,514 2,120, ,148 (1,075,176) 1,075,176 (2,150,352) (2,419,256) SPECIAL AND EXTRAORDINARY ITEMS 8888 Special Items 8889 Extraordinary Items

19 Printed 11/18/2003 9:50:29 PM Amounts Expressed in Whole Dollars STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE (REBAG) BUDGET AND ACTUAL Capital Reserve 1432 Fund Page GOV-9 Budgeted Amounts Original REVENUES 6000 Local Sources 7000 State Sources 8000 Federal Sources TOTAL REVENUES EXPENDITURES 1100 Regular Programs 1200 Special Programs 1300 Vocational Programs 1400 Other Instructional Programs 1600 Adult Education Programs 1700 Community/Junior College Programs 2100 Pupil Personnel Services 2200 Instructional Staff Services 2300 Administrative Services 2400 Pupil Health 2500 Business Services 2600 Operation and Maintenance of Plant Services 2700 Student Transportation Services 2800 Central & Other Support Services 2900 Other Support Services 3100 Food Services 3200 Student Activities 3300 Community Services 3400 Scholarships and Awards 4000 Capital Outlay 5110 Debt Service (Principal& Interest) 5130 Refund of Prior Year Receipts TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES Final Actual (Budgetary Basis) Variance With Final Budget Positive (Negative)

20 Printed 11/18/2003 9:50:29 PM Amounts Expressed in Whole Dollars OTHER FINANCING SOURCES (USES) 9100 Sale of Bonds 9200 Proceeds From Extended Term Financing Interfund Transfers 9300 Sale / Compensation for Fixed Assets Transfers from Comp Unit / Primary Govt 5120 Debt Service - Refunded Bond Issues 5200 Transfers Out 5300 Transfers to Component Units 5900 Budgetary Reserve STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE (REBAG) BUDGET AND ACTUAL Budgeted Amounts Original Final Capital Reserve 1432 Fund Page GOV-10 Actual (Budgetary Basis) Variance With Final Budget Positive (Negative) 1,964,690 1,964,690 2,120,662 (2,120,662) (155,972) (155,972) NET CHANGE IN FUND BALANCES 0040 Fund Balance - Beginning of Fiscal Year 0050 Prior Period Adjustment (155,972) 13,205,221 (155,972) 13,205,221 FUND BALANCE - END OF YEAR 13,049,249 13,049,249 TOTAL OTHER FINANCING SOURCES (USES) SPECIAL AND EXTRAORDINARY ITEMS 8888 Special Items 8889 Extraordinary Items

21 Printed 11/18/2003 9:50:30 PM Amounts Expressed in Whole Dollars ASSETS Current Assets: 0100 Cash and Cash Equivalents 0110 Investments 0130 Due From Other Funds 0141 Due from Other Governments (Include Accounts ) 0146 Due From Primary Governments 0147 Due From Component Units 0150 Other Receivables (Include Bond Proceeds Receivable) 0170 Inventories 0180 Prepaid Expenses / Expenditures 0190 Other Current Assets Total Current Assets Noncurrent Assets: 0108 Restricted Cash and Cash Equivalents 0160 Advances to Other Funds (Long-Term Loans) 0211 Land 0212 Site Improvements (net) 0220 Building & Building Improvements (net) 0230 Furniture & Equipment (net) 0250 Construction in Progress 0260 LT Prepayments (net Acc Amort LT Prepayments) Total Noncurrent Assets TOTAL ASSETS STATEMENT OF NET ASSETS (NAP) Proprietary Funds Page PRO-i Food Service (51) Child Care Operations (52) Other Enterprise Funds TOTAL 4, ,220 4, ,220 25,281 25,281 13,532 13, , , , , , , , ,922 Internal Service (60)

22 Printed 11/18/2003 9:50:30 PM STATEMENT OF NET ASSETS (NAP) Proprietary Funds Page PRO-2 Food Service (51) Amounts Expressed in Whole Dollars LIABILITIES Current Liabilities: 0400 Due to Other Funds 0411 Due to Other Governments 0413 Due to Component Units 0420 Accounts Payable 0430 Contracts Payable 0440 Current Portion of Long-Term Debt (e.g. St Comp Abs) 0450 Short-Term Payables 0461 Accrued Salaries and Benefits 0462 Payroll Deductions and Withholdings 0480 Deferred Revenues 0490 Other Current Liabilities Total Current Liabilities Noncurrent Liabilities: 0470 Advances from Other Funds 0510 Bonds Payable 0520 Extended Term Financing Agreements Payable 0530 Lease Purchase Obligations 0540 LT Portion of Compensated Absences (Acct Group & Component Units OnI 0550 Authority Lease Obligations 0590 Other Long-Term Liabilities Total Noncurrent Liabilities TOTAL LIABILITIES Child Care Operations (52) Other Enterprise Funds TOTAL 195, ,741 10,570 10, , , , ,311 NET ASSETS 0791 Invested in Capital Assets Net of Related Debt 0798 Restricted for Legal Purposes ( ) 0799 Unrestricted 111, , , ,367 TOTAL NET ASSETS 474, , , ,922 TOTAL LIABILITIES AND NET ASSETS - Internal Service (60)

23 Printed 11/18/2003 9:50:31 PM Amounts Expressed in Whole Dollars OPERATING REVENUES 6600 Food Service Revenue 6900 Charges for Services 6999 Other Operating Revenues TOTAL OPERATING REVENUES OPERATING EXPENSES 100 Salaries 200 Employee Benefits 300 Purchased Professional and Technical Service 400 Purchased Property Services 500 Other Purchased Service 600 Supplies 700 Depreciation 810 Dues and Fees 890 Other Operating Expenditures TOTALOPERATING EXPENSES OPERATING INCOME (LOSS) NONOPERATING REVENUES (EXPENSES) 6500 Earnings on Investments 6921 Contributions and Donations - Private Sources 6930 Gain / Loss on Sale of Fixed Assets 6991 Refunds of Prior Year Expenditures 7000 State Sources 8000 Federal Sources 820 Claims and Judgements 830 Interest Expenses TOTAL NONOPERATING REVENUES (EXPENSES) INCOME (LOSS) BEFORE CONTRIBUTIONS AND TRANSFERS STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND BALANCE (REP) Proprietary Funds Page PRO-3 Food Service (51) Child Care Operations (52) Other Enterprise Funds TOTAL 2,020,217 2,020,217 2,020,217 2,020,217 2,183,335 2,183,335 57,012 57,012 94,215 2,334,562 94,215 2,334,562 (314,345) (314,345) 8,284 8,284 51, ,847 51, , , ,929 27,584 27,584 Internal Service (60)

24 Printed 11/18/2003 9:50:31 PM Amounts Expressed in Whole Dollars STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND BALANCE (REP) Proprietary Funds Page PRO-4 Food Service (51) Child Care Operations (52) Other Enterprise Funds TOTAL CONTRIBUTIONS AND TRANSFERS 6922 Capital Contributions 9998 Transfers From (To) Component Units 9999 Transfers In (Out) CHANGE IN NET ASSETS Net Assets - Beginning of Fiscal Year Accounting Changes / Residual Equity Transfers Prior Period Adjustment NET ASSETS - END OF YEAR 27,584 27, , , , ,611 Internal Service (60)

25 Printed 11/18/2003 9:50:32 PM Amounts Expressed in Whole Dollars Cash Flows From Operating Activities 9937 Cash Received From Users 9938 Cash Received From Assessments Made to Other Funds 9939 Cash Received From Earnings on Investments 9940 Cash Received From Other Operating Revenue 9941 Cash Payments to Employees For Services 9942 Cash Payments For Insurance Claims 9943 Cash Payments to Suppliers For Goods and Services 9944 Cash Payments For Other Operating Expenses Net Cash Provided By (Used For) Operating Activities Cash Flows From Non-Capital Financing Activities 6000 Local Sources 7000 State Sources 8000 Federal Sources 9917 Notes and Loans Received (Repaid) 9918 Interest Paid on Notes/Loans ( ) 9919 Operating Transfers In (Out)/Residual Equity Trans 9920 Operating Transfers In (Out) Primary Government 9921 Operating Transfers In (Out) Component Units 9922 Refund of Prior Year Expenditures (6991) Net Cash Prov By (Used for) Non-Capital Financing Activities Cash Flows From Capital and Related Financing Activities 4000 Capital Outlay 6930 Gain / Loss on Sale of Fixed Assets 9200 Proceeds From Extended Term Financing 9925 Principal Paid on Financing Agreements 9926 Interest Paid on Financing Agreements ( ) 9927 (mc) Dec in Contributed Capital Net Cash Prov By (Used for) Capital and Related Financing Activities STATEMENT OF CASH FLOWS (CFP) Proprietary Funds Page PRO-S Food Service (51) Child Care Operations (52) Other Enterprise Funds TOTAL 2,137,664 2,137,664 (2,339,161) (2,339,161) (201,497) 0 0 (201,497) 52, ,813 52, , , ,503 (57,865) (57,865) (57,865) (57,865) Internal Service (60) 0

26 Printed 11/18/2003 9:50:32 PM Amounts Expressed in Whole Dollars Cash Flows From Investing Activities 6500 Earnings on Investments 9929 Purchase of Inv Securities / Deposits to Inv Pools 9930 Withdrawls from Investment Pools 9931 Proceeds from Sale and Maturity of lnv Securities 9932 Loans Received (Paid) Net Cash Prov By (Used for) Investing Activities Net Inc (Dec) in Cash and Cash Flow 9935 Cash and Cash Equivalents Beginning of Year Cash and Cash Equivalents at Year End 9900 Operating Income (Loss) Adjustments to Reconcile Operating Income (Loss) to Net Cash Provided by (Used for): 9901 Depreciation and Net Amortization 9902 Provision for Uncollectible Accounts 9903 Other Adjustments 9904 (Inc) Dec In Accounts Receivable ( ) 9905 Advances to Other Funds (0160) 9906 (Inc) Dec in Inventories (0170) 9907 (Inc) Dec in Prepaid Expenses (0180) 9908 (Inc) Dec in Other Current Assets (0190) 9909 Inc (Dec) in Accounts Payable ( ) 9910 Inc (Dec) in Accrued Salaries/Benefits (0461) 9911 Inc (Dec) in Payroll Deductions/Withholding (0462) 9912 Inc (Dec) in Advances from Other Funds (0470) 9913 Inc (Dec) in Deferred Revenue (0480) 9914 Inc (Dec) in Other Current Liabilities (0490) Total Adjustments Cash Provided By (Used For) Total STATEMENT OF CASH FLOWS (CFP) Proprietary Funds Page PRO-6 Food Service (51) Child Care Operations (52) Other Enterprise Funds 8,284 (89,452) (81,168) (15,027) 19,672 4,645 Internal Service (60) TOTAL 8,284 (89,452) (81,168) (15,027) 19,672 4,645 (314,345) (314,345) 57,012 57,012 (497) (497) 56, ,848 (201,497) 56, ,848 (201,497) 0 0

27 Printed 11/18/2003 9:50:33 PM Amounts Expressed in Whole Dollars ASSETS Assets STATEMENT OF NET ASSETS (NAF) Fiduciary Funds Page FID-1A Private Purpose Trust (71) Cash and Cash Equivalents Investments Due From Other Funds Due From Component Units Other Receivables (Include Bond Proceeds Receivable) Advances to Other Funds (Long-Term Loans) Inventories Prepaid Expenses / Expenditures Other Current Assets Building & Building Improvements (net) Furniture & Equipment (net) TOTAL ASSETS NOTE: Pursuant to GASB Statement 34, only major funds are reported individually. Major funds are determined by certain accounting criteria. All nonmajor funds maintained by the school are reported in the other column. Investment Trust (72) Pension Trust (73) Agency (80) Activity (81)

28 Printed 11/18/2003 9:50:33 PM Other Fiduciary (97) Component Units (98) Component Units (99) STATEMENT OF NET ASSETS (NAF) Fiduciary Funds Page FID-1B Total Fiduciary Funds 462, ,510 1,984,841 1,984, ,447,729 2,447,729 NOTE: Pursuant to GASB Statement 34, only major funds are reported individually. Major funds are determined by certain accounting criteria. All nonmajor funds maintained by the school are reported in the other column. Assets TOTAL

29 Printed 11/18/2003 9:50:33 PM Amounts Expressed in Whole Dollars LIABILITIES Liabilities STATEMENT OF NET ASSETS (NAF) Fiduciary Funds Page FID-2A Private Purpose Trust (71) AND NET ASSETS Due to Other Funds Due to Other Governments Due to Primary Government Due to Component Units Accounts Payable Contracts Payable Short-Term Payables Accrued Salaries and Benefits Payroll Deductions and Withholdings Advances from Other Funds Deferred Revenues Other Current Liabilities TOTAL LIABILITIES Net Assets 0791 Invested in Capital Assets Net of Related Debt 0798 Restricted for Legal Purposes ( ) 0799 Unrestricted TOTAL NET ASSETS TOTAL LIABILITIES AND NET ASSETS NOTE: Pursuant to GASB Statement 34, only major funds are reported individually. Major funds are determined by certain accounting criteria. All nonmajor funds maintained by the school are reported in the other column. Investment Trust (72) Pension Trust (73) Agency (80) Activity (81)

30 Printed 11/18/2003 9:50:33 PM Other Fiduciary (97) Component Units (98) Component Units (99) 272,173 1,680, ,015 2,171, , ,638 2,447,729 NOTE: Pursuant to GASB Statement 34, only major funds are reported individually. Major funds are determined by certain accounting criteria. All nonmajor funds maintained by the school are reported in the other column. STATEMENT OF NET ASSETS (NAF) Fiduciary Funds Page FID-2B Total Fiduciary Funds Liabilities ,680, , ,171,091 Net Assets , , ,173 2,447,729 TOTAL

31 Printed 11/18/2003 9:50:33 PM Amounts Expressed in Whole Dollars STATEMENT OF CHANGES IN NET ASSETS (CNAF) Fiduciary Funds Page FID-3A Private Purpose Trust (71) Additions 9945 Gifts and Contributions 9946 Other Additions Deductions 9947 Scholarships Awarded 9948 Other Deductions Change In Net Assets 0041 Net Assets - Beginning of Fiscal Year 9949 Net Assets Held in Trust for Pension Benefits Net Assets End of Fiscal Year NOTE: Pursuant to GASB Statement 34, only major funds are reported individually. Major funds are determined by certain accounting criteria. All nonmajor funds maintained by the school are reported in the other column. Investment Trust (72) Pension Trust (73) Agency (80) Activity (81)

32 Printed 11/18/2003 9:50:33 PM Other Fiduciary (97) Component Units (98) Component Units (99) STATEMENT OF CHANGES IN NET ASSETS (CNAF) Fiduciary Funds Page FID-3B Total Fiduciary Funds 476, , , , ,702 63, , , ,638 NOTE: Pursuant to GASB Statement 34, only major funds are reported individually. Major funds are determined by certain accounting criteria. All nonmajor funds maintained by the school are reported in the other column. 276,638