SOUTH VALLEY ACADEMY (A COMPONENT UNIT OF ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12) STATEMENT OF NET POSITION JUNE 30, 2018

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1 (A COMPONENT UNIT OF ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12) STATEMENT OF NET POSITION JUNE 30, 2018 ASSETS AND DEFERRED OUTFLOWS OF RESOURCES ASSETS Current assets: Cash and cash equivalents Receivables, net of allowance for uncollectible: Due from other governments Total current assets Noncurrent assets: Capital assets: Building/leasehold improvements Furniture, fixtures, and equipment Less: accumulated depreciation TOT AL ASSETS Total noncurrent assets DEFERRED OUTFLOWS OF RESOURCES Related to net pension liability Related to other post-employment benefits TOTAL DEFERRED OUTFLOWS OF RESOURCES TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES Governmental Activities $ 1,463, ,334 1,823, , ,643 (425,415) 460,228 2,284,107 5,204,587 68,476 5,273,063 $ 7,557,170 LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND NET POSITION LIABILITIES Current liabilities: Accounts payable Accrued liabilities Compensated absences Total current liabilities Noncurrent liabilities: Net pension liability Other post-employment benefits liability TOTAL LIABILITIES Total noncurrent liabilities DEFERRED INFLOWS OF RESOURCES Related to net pension liability Related to other post-employment benefits Unearned Revenues TOTAL DEFERRED INFLOWS OF RESOURCES NET POSITION Net investment in capital assets Restricted Unrestricted (deficit) TOTAL NET POSITION (DEFICIT) TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND NET POSITION $ 22, ,233 7, ,699 12,513,765 3,370,205 15,883,970 16,351, , ,051 25, , , ,204 (10,612,485) (9,781,053) $ 7,557,170 The accompanying notes are an integral part of the financial statements. P-1

2 (A COMPONENT UNIT OF ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12) STATEMENT OF ACTIVITIES YEAR ENDED JUNE 30, 2018 Program Revenues Operating Capital Charges for Grants and Grants and Functions/Programs Ex12enses Services Contributions Contributions GOVERNMENTAL ACTIVITIES Instruction $ 6,163,692 $ 5,685 $ 805,882 $ Support services: Students 585,936 Instruction 132,726 55,795 General administration 162,914 4,391 School administration 276,327 Central services 184,670 Operation and maintenance of plant 336,306 Student transportation 19,346 Other support services Operating of non-instructional services: Food services operations 250,427 2,777 Community services operations Facilities, supplies, & materials 821, ,077 Debt service - interest expense TOTAL GOVERNMENTAL ACTIVITIES $ 8,934, 102 $ 8,462 $ 866,068 $ 374,077 GENERAL REVENUES State Equalization Guarantee Miscellaneous Property Taxes Total General Revenues CHANGE IN NET POSITION NET POSITION, BEGINNING OF YEAR (DEFICIT) IMPACT OF CHANGE IN ACCOUNTING PRONOUNCEMENT NET POSITION, BEGINNING OF YEAR AS RESTATED (DEFICIT) NET POSITION, END OF YEAR (DEFICIT) Net Revenues (Expenses) and Changes in Net Position $ (5,352, 125) (585,936) (76,931) (158,523) (276,327) (184,670) (336,306) (19,346) (247,650) (447,681) (7,685,495) 4,723, ,710 5,308,428 {2,377,067) (3,400,716) {4,003,270) (7,403,986) $ (9,781,053) The accompanying notes are an integral part of the financial statements. P-2

3 ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT N0.12 BALANCE SHEET-GOVERNMENTAL FUNDS June 30, 2018 Major Fund Major Fund Non-Major Governmental General Title I -!ASA Entitlement IDEA-B Funds Funds Total ASSETS Cash and cash equivalents $ 1,058,687 $ $ $ 404,858 $ 1,463,545 Accounts receivable Due from other governments 152, , , ,334 Due from other funds 296, ,965 TOTAL ASSETS $ 1,355,652 $ 152,179 $ 102, 143 $ 510,870 $ 2, 120,844 LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCE LIABILITIES Current liabilities Accounts payable $ 4,406 $ $ $ 18,230 $ 22,636 Accrued liabilities 383,440 27,014 16,538 10, ,233 Due to other funds 125,165 85,605 86, ,965 TOTAL LIABILITIES 387, , , , ,834 DEFERRED INFLOWS OF RESOURCES Unavailable revenues 25,000 25,000 TOTAL DEFERRED INFLOWS OF RESOURCES FUND BALANCES Restricted 371, ,204 Assigned for subsequent year 882, ,759 Unassigned 85,047 85,047 TOTAL FUND BALANCES 967, ,204 1,339,010 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCE $ 1,355,652 $ 152, 179 $ 102, 143 $ 510,870 $ 2, 120,844 P-3

4 (A COMPONENT UNIT OF ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12) RECONCILIATION OF THE BALANCE SHEET- GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION JUNE 30, 2018 Total Fund Balance - Governmental Funds (Governmental Fund Balance Sheet) $ 1,339,010 Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds. The cost of capital assets is Accumulated depreciation is Total capital assets 885,643 (425,415) 460,228 Deferred inflows and outflows of resources related to the net pension liability and not reported in the funds. Deferred outflows of resources Deferred inflows of resources 5,204,587 (194,503) Deferred inflows and outflows of resources related to the net other post-employment benefits liability and not reported in the funds. Deferred outflows of resources Deferred inflows of resources 68,476 (767,051) Long-term and certain other liabilities are not due and payable in the current period and, therefore, are no! reported as liabilities in the funds. Long-term and other liabilities at year end consist of: Compensated absences Net pension liability Net other post-employment benefits liability Net Position of Governmental Activities (Statement of Net Position) (7,830) (12,513,765) (3,370,205) $ (9,781,053} The accompanying notes are an integral part of the financial statements. P-4

5 (A COMPONENT UNIT OF ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT N0.12) STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES-GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2018 Major Fund Major Fund Non-Major Governmental General Title 1-IASA Entitlement IDEA-8 Funds Funds Total REVENUES Property taxes $ $ $ $ 591,047 $ 591,047 local and county sources 6,196 84,602 90,798 State sources 4,723, ,687 5,178,405 Federal sources 248, , , ,122 Interest Total revenues 4,729, , ,511 1,439,611 6,563,372 EXPENDITURES Current: Instruction 3,173, , , ,903 3,686,316 Support services: Students 475,316 2, , ,750 Instruction 128,046 4, ,437 General administration 153,160 5, ,060 School administration 271,399 4, ,327 Central services 184, ,670 Operations and maintenance of plant 317, ,637 Student transportation 16,062 3,284 19,346 Other support services Operation of non-instructional services: Food services operations 247, ,424 Community services operations Facilities, supplies, & matertals 4, , ,532 Debt service - principal payments Debt service - interest payments Total expenditures 4,724, , ,511 1,328,291 6,446,499 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENSES 5, , ,873 FUND BALANCES, BEGINNING OF YEAR 962, ,884 1,222,137 FUND BALANCES, END OF YEAR $ $ $ $ , P-5

6 (A COMPONENT UNIT OF ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12) RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES YEAR ENDED JUNE 30, 2018 Net Changes in Fund Balances - Total Governmental Funds (Statement of Revenues, Expenditures, and Changes in Fund Balances) $ 116,873 Amounts reported for governmental activities in the Statement of Activities are different because: In the Statement of Activities, certain operating expenses - compensated absences (sick and annual leave) are measured by the amounts earned during the year. In the Governmental Funds, however, expenditures for these items are measured by the amounts of financial resources used (essentially, the amounts actually paid). Expenses related to the net pension liability not reported in the funds. Expenses related to the net other post-employment benefits liability not reported in the funds. Change in compensated absences for the fiscal year Unavailable Revenue - Property Taxes (2,409,264) (65,510) 1,492 (6,337) Governmental Funds report capital outlays as expenditures. However, in the Statement of Activities, the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. In the current period, these amounts were: Capital outlay Depreciation expense Excess of depreciation expense over capital outlay 25,695 (40,016) (14,321) Change in Net Position of Governmental Activities (Statement of Activities) $ (2,377,067) The accompanying notes are an integral part of the financial statements. P-6

7 ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12 SCHEDULE OF BUDGETARY COMPARISONS - BUDGETARY BASIS GENERAL FUND (FUND 11000) YEAR ENDED JUNE 30, 2018 Actual Variance From Budgeted Amounts Amounts Final Budget Original Final (Budgeta!}'. Basis) Positive (Negative) REVENUES Local and County Sources $ $ 1,461 $ 6,196 $ 4,735 State Sources 4,660,441 4,686,583 4,723,718 37,135 Total Revenues 4,660,441 4,688,044 4,729,914 41,870 EXPENDITURES Current: Instruction 3,503,133 3,481,594 3,169, ,726 Support Services: Students 497, , ,316 42,457 Instruction 109, , ,046 4,547 General Administration 141, , ,775 10,343 School Administration 281, , ,399 10,420 Central Services 189, , ,670 23,246 Operation & Maintenance of Plant 800, , , ,047 Student Transportation 19,800 19,800 16,062 3,738 Facilities, supplies, & materials 11,000 4,691 6,309 Total Expenditures 5,543,200 5,650,297 4,718, ,833 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (882,759) (962,253) 11, ,703 DESIGNATED CASH 882, ,253 (962,253) NET CHANGES IN FUND BALANCES $ $ 11,450 $ 11,450 RECONCILIATION TO GAAP BASIS Adjustments to Revenues Adjustments to Expenditures (5,897) NET CHANGES IN FUND BALANCES $ The accompanying notes are an integral part of the financial statements. P-7

8 ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12 SCHEDULE OF BUDGETARY COMPARISONS BUDGETARY BASIS TITLE 1-IASA (FUND 24101) YEAR ENDED JUNE 30, 2018 REVENUES Federal Sources Total Revenues Budgeted Amounts Original Final $ 248,689 $ 248, ,689 $ 248,689 Actual Amounts (Budgetary Basis} Variance From Final Budget Positive (Negative} 123,505 _$~-~<1.,...,2... 5~, 1_84~> 123,505 (125,184} EXPENDITURES Current: Instruction Support Services: Students Total Expenditures EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES DESIGNATED CASH NET CHANGES IN FUND BALANCES RECONCILIATION TO GAAP BASIS Adjustments to Revenues Adjustments to Expenditures NET CHANGES IN FUND BALANCES 245,522 3, ,689 $ $ 245, ,522 3,167 2, , , $ (124,831) (124,831} (124,831) =$===(=12=4=,8=31=} 124,831 The accompanying notes are an integral part of the financial statements. P-8

9 ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT N0.12 SCHEDULE OF BUDGETARY COMPARISONS - BUDGETARY BASIS ENTITLEMENT IDEA-B (FUND 24106) YEAR ENDED JUNE 30, 2018 REVENUES Federal Sources Total Revenues Budgeted Amounts Original Final $ 139,311 $ 139, ,963 $ 145,963 Actual Amounts (Budgetary Basis) Variance From Final Budget Positive (Negative) 67,073 _$-'----'"'-(7..;;.,,8,c;;..89.;;..;0;.t..) 67,073 (78,890) EXPENDITURES Current: Instruction Support Services: Students Total Expenditures 139, , , , , , EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (78,438) (78,438) DESIGNATED CASH NET CHANGES IN FUND BALANCES $ $ (78,438) =$======(7=8=,4=38=) RECONCILIATION TO GAAP BASIS Adjustments to Revenues Adjustments to Expenditures NET CHANGES IN FUND BALANCES $ 78,438 The accompanying notes are an integral part of the financial statements. P-9

10 (A COMPONENT UNIT OF ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12) STATEMENT OF FIDUCIARY ASSETS AND LIABILITIES-AGENCY FUNDS JUNE 30, 2018 ASSETS Cash and Cash Equivalents TOTAL ASSETS LIABILITIES Deposits Held for Others TOTAL LIABILITIES $ $ $ $ Agency Funds 53,684 53,684 53, The accompanying notes are an integral part of the financial statements. P-10

11 ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12 COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS JUNE 30, Instructional Food English Language Teacher/Principal Materials Services Acquisition Training ASSETS Current assets: Cash and cash equivalents $ 12,653 $ 14,267 $ $ Accounts receivable: Due from other governments 5,029 50,258 Due from other funds TOTAL ASSETS $ 12,653 $ 14,267 $ 5,029 $ 50,258 LIABILITIES AND FUND BALANCE LIABILITIES Current liabilities: Accounts payable $ $ $ $ Accrued liabilities Due to other funds 5,029 50,258 TOTAL LIABILITIES 5,029 50,258 Deferred Inflows of Resources - Unearned Revenues FUND BALANCE Nonspendable Restricted 12,653 14,267 Committed Assigned for subsequent year Unassigned Total fund balance 12,653 14,267 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCE $ 12,653 $ 14,267 $ 5,029 $ 50,258 P-11

12 ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12 COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS JUNE 30, CNM 2012 Library Truancy and Foundation Fund GO Bonds Dropout Prevention ASSETS Current assets: Cash and cash equivalents $ 378 $ $ $ Accounts receivable: Due from other governments 4,391 32,727 Due from other funds Private Direct Grants 72, TOTAL ASSETS $ 378 $ 4,391 $ 32,727 $ 73,243 LIABILITIES AND FUND BALANCE LIABILITIES Current liabilities: Accounts payable $ $ $ $ Accrued liabilities 6,210 Due to other funds 4,391 26,517 TOTAL LIABILITIES 4,391 32,727 4,031 4,031 Deferred Inflows of Resources - Unearned Revenues FUND BALANCE Nonspendable Restricted 378 Committed Assigned for subsequent year Unassigned Total fund balance 378 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCE $ 378 $ 4,391 $ 32,727 $ 69,212 69,212 73,243 P-12

13 ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12 COMBINING BALANCE SHEET- NON-MAJOR GOVERNMENTAL FUNDS JUNE 30, McCune Charitable Capital SB9 Capital Foundation Improvements HB-331mprovements (Local) ASSETS Current assets: Cash and cash equivalents $ 28,737 $ 105,709 $ 170,821 Accounts receivable: Due from other governments 8,488 4,169 Due from other funds TOTAL ASSETS $ 28,737 $ 114, 197 $ 174,990 Total $ 404, ,012 $ 510,870 LIABILITIES AND FUND BALANCE LIABILITIES Current liabilities: Accounts payable $ $ $ 18,230 Accrued liabilities Due to other funds TOTAL LIABILITIES 18,230 $ 18,230 10,241 86, ,666 Deferred Inflows of Resources - Unearned Revenues 25,000 25,000 FUND BALANCE Nonspendable Restricted 3, , ,760 Committed Assigned for subsequent year Unassigned Total fund balance 3, , ,760 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCE $ 28,737 $ 114,197 $ 174, , ,204 $ 510,870 P-13

14 ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - NON-MAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, Instructional Food English Language Teacher/Principal REVENUES Materials Services Acquisition Training Property taxes $ $ $ $ Local and county sources 2,777 State sources 19,686 Federal sources 249,137 9,880 50,258 Total revenues 19, ,914 9,880 50,258 EXPENDITURES Current: Instruction 31,325 9,880 50,258 Support services: Students Instruction General administration School administration Central services Operations and maintenance of plant Student transportation Other support services Operation of non-instructional services: F cod services operations 247,424 Community services operations Facilities, supplies, & materials Debt Service - Principal Debt Service - Interest Total expenditures 31, ,424 9,880 50,258 EXCESS (DEFICIENCY OF REVENUES OVER (UNDER) EXPENSES (11,639) 4,490 FUND BALANCES, BEGINNING OF YEAR 24,292 9,777 FUND BALANCES, END OF YEAR $ 12,653 $ 14,267 $ $ P-14

15 ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - NON-MAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2018 REVENUES Property taxes Local and county sources State sources Federal sources CNM Dual Credit 2012 library Foundation Fund Instruction GO Bonds $ $ $ 738 4, Truancy and Dropout Prevention $ 55,795 Total revenues 738 4,391 55,795 EXPENDITURES Current: Instruction Support services: Students Instruction General administration School administration Central services Operations and maintenance of plant Student transportation Other support services Operation of non-instructional services: Food services operations Community services operations Facilities, supplies, & materials Debt Service - Principal Debt Service - Interest 738 4,391 55,795 Total expenditures 738 4,391 55,795 EXCESS (DEFICIENCY OF REVENUES OVER (UNDER) EXPENSES FUND BALANCES, BEGINNING OF YEAR 378 FUND BALANCES, END OF YEAR $ 378 =$====== =$=======$====== P-15

16 ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - NON-MAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, Private McCune Charitable Public School Special REVENUES Direct Grants Foundation Capital Outlay Capital Outlay Property taxes $ $ $ $ local and county sources 81,825 State sources 327,827 46,250 Federal sources Total revenues 81, ,827 46,250 EXPENDITURES Current: Instruction 8,434 21,268 Support services: Students 39,824 15,001 Instruction General administration School administration 4,928 Central services Operations and maintenance of plant Student transportation 3,284 Other support services Operation of non-instructional services: Food services operations Community services operations Facilities, supplies, & materials 327,827 46,250 Debt Service - Principal Debt Service - Interest Total expenditures 56,470 36, ,827 46,250 EXCESS {DEFICIENCY OF REVENUES OVER {UNDER) EXPENSES 25,355 (36,269) FUND BALANCES, BEGINNING OF YEAR 43,857 40,006 FUND BALANCES, END OF YEAR $ 69,212 $ 3,737 $ $ P-16

17 ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT N0.12 COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - NON-MAJOR GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, REVENUES Property taxes Local and county sources State sources Federal sources Capital SB9 Capital Improvements HB-331mprovements (Local) $ 395,725 $ 195,322 $ Total 591, ,275 Total revenues ,322 1,439,611 EXPENDITURES Current: Instruction Support services: Students Instruction General administration School administration Central services Operations and maintenance of plant Student transportation Other support services Operation of non-instructional services: Food services operations Community services operations Facilities, supplies, & materials Debt Service - Principal Debt Service - Interest 3,951 1, , , , ,620 4,391 5,900 4,928 3, , ,841 Total expenditures 281, , 136 1,328,291 EXCESS (DEFICIENCY OF REVENUES OVER (UNDER) EXPENSES 114,197 15, ,320 FUND BALANCES, BEGINNING OF YEAR 141, ,884 FUND BALANCES, END OF YEAR $ 114,197 $ 156,760 $ 371,204 P-17

18 ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT N0.12 SCHEDULE OF CHANGES IN ASSTS AND LIABILITIES -AGENCY FUNDS (REQUIRED BY NMAC) YEAR ENDED JUNE 30, 2018 Balance Balance July 1, 2017 Additions Deletions June 30, 2018 ASSETS Cash and cash equivalents $ 55,486 $ 48,859 $ (50,661) $ 53,684 TOTAL ASSETS $ 55,486 $ 48,859 $ (50,661) $ 53,684 LIABILITIES Deposits held for others $ 55,486 $ 48,859 $ (50,661) $ 53,684 TOTAL LIABILITIES $ 55,486 $ 48,859 $ {50,661} $ 53,684 P-18

19 (A COMPONENT UNIT OF ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT N0.12) SCHEDULE OF COLLATERAL PLEDGED BY DEPOSITORY FOR PUBLIC FUNDS (REQUIRED BY NMAC) JUNE 30, 2018 Name of Depository Fair/Par Description of Market Value Safekeeping Pledged Collateral June 30, 2018 Agent BANK OF OKLAHOMA BANK OF OKLAHOMA BANK OF OKLAHOMA BANK OF OKLAHOMA CUSIP , 2.5%, 12/01/2028 $ 770,550 Federal Home Loan Bank, Topeka, KS CUSIP , 2.267%, 06/25/2024 1,061,790 Federal Home Loan Bank, Topeka, KS CUSIP , 2%, ,303 Federal Home Loan Bank, Topeka, KS CUSIP , 4%, 03/25/ ,797 Federal Home Loan Bank, Topeka, KS $ 1,919,440 Total amount on deposit $ 1,626,962 Less: FDIC (250,000) Total uninsured public money 1,376,962 50% collateral requirement 688,481 Total pledged 1,919,440 Over pledged $ 1,230,959 P-19

20 (A COMPONENT UNIT OF ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT N0.12) SCHEDULE OF CASH AND CASH EQUIVALENTS (REQUIRED BY NMAC) JUNE 30, 2018 Primary Government Bank of Albuguergue Operating account Petty cash Total cash Reconciling items Reconciled balance at June 30, 2018 Less: activity funds Balance per statement of net position $ 1,626, ,627,062 {109,833} 1,517,229 53,684 $ 1.463,545 P-20

21 (A COMPONENT UNIT OF ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT NO. 12) CASH RECONCILIATION (REQUIRED BY NMAC) JUNE 30, 2018 Operational Instructional Food Non-Instructional Projects Account Materials Services Materials Account June 30, 2017 Cash (Book Balance) $ 1, 138,379 $ 24,292 $ 9,777 $ 55,486 $ (53,719) June 30, 2017 Payroll Liabilities (238,745) June 30, 2017 Temporary lnterfund Loans 62,619 June 30, 2017 Adjustments/Reconciling Differences June 30, 2017 Cash Available to Budget 962,253 24,292 9,777 55,486 (53,719) Revenue 4,729,913 19, ,915 48, , Expenditures (4,718,460) (31,325) (247,425) (50,660) (453,984) Permanent Cash Transfers/Revisions Adjustments June 30, 2018 Cash Available to Budget 973,706 12,653 14,267 53,684 (309,608) June 30, 2018 Payroll Liabilities 383, ,552 June 30, 2018 Temporary lnterfund Loans (296,964) ,056 June 30, 2018 Adjustments/Reconciling Differences (1,495) June 30, 2018 Cash (Book Balance) $ 1,058,i313L $ 12,653 $ 14,267 $ 53,684 $ Reconciliation to PED Cash Report Line 7 June 30, 2018 Cash (Book Balance) $ - $ - $ - $ - $ June 30, 2018 Payroll Liabilities June 30, 2018 Temporary lnterfund Loans Audit adjustments and reclassifications/other reconciling Line 7 PED Cash Report June 30, 2018 $ 1,058,687 $ 12,653 $ 14,267 $ 53,684 $ P-21

22 (A COMPONENT UNIT OF ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT N0.12) CASH RECONCILIATION (REQUIRED BY NMAC) JUNE 30, 2018 Local State Local or Public School Capital Improve. Grants Flowthrough Fund State Fund Capital Outlay HB June 30, 2017 Cash (Book Balance) $ 378 $ (37, 128) $ 84,278 $ (62,341) $ 73,624 June 30, 2017 Payroll Liabilities - 53,308 82, , ,362 June 30, 2017 Temporary lnterfund Loans - (54,506) (76,523) (432,179) (305,229) June 30, 2017 Adjustments/Reconciling Differences June 30, 2017 Cash Available to Budget 378 (38,326) 89, , Revenue - 62, , , , Expenditures - (60,925) (97,068) (327,827) (423,082) Permanent Cash Transfers/Revisions Adjustments June 30, 2018 Cash Available to Budget 378 (37, 118) 96, ,709 June 30, 2018 Payroll Liabilities - 6,210 4,031 June 30, 2018 Temporary lnterfund Loans - 30,908 June 30, 2018 Adjustments/Reconciling Differences June 30, 2018 Cash (Book Balance) $ 378 $ - $ 101,030 $ - $ 105,709 Reconciliation to PED Cash Report Line 7 June 30, 2018 Cash (Book Balance) $ - $ - $ - $ - $ June 30, 2018 Payroll Liabilities June 30, 2018 Temporary lnterfund Loans Audit adjustments and reclassifications/other reconciling Line 7 PED Cash Report June 30, 2018 $ 378 $ - $ 101,0_30 $ - $ 105,709 P-22

23 (A COMPONENT UNIT OF ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT N0.12) CASH RECONCILIATION (REQUIRED BY NMAC) JUNE 30, 2018 June 30, 2017 Cash (Book Balance) June 30, 2017 Payroll Liabilities June 30, 2017 Temporary lnterfund Loans June 30, 2017 Adjustments/Reconciling Differences June 30, 2017 Cash Available to Budget Revenue Expenditures Permanent Cash Transfers/Revisions Adjustments June 30, 2018 Cash Available to Budget June 30, 2018 Payroll Liabilities June 30, 2018 Temporary lnterfund Loans June 30, 2018 Adjustments/Reconciling Differences June 30, 2018 Cash (Book Balance) Reconciliation to PED Cash Report Line 7 Capital Improve. Capital Improve. State SB 9 Local SB $ 103,274 $ - $ 14, ,233 (147,365) (117,456) 117, , ,973 (174,476) 170,821 $ $ $ Less activity funds Per statement of net position $ Total Primary Government 1,336, ,870 (953,183) 1,333,987 6,332,736 (6,585,232) 1,081, ,233 - (1,495) 1,517,229 (53,684) 1,463,545 June 30, 2018 Cash (Book Balance) $ $ - $ June 30, 2018 Payroll Liabilities June 30, 2018 Temporary lnterfund Loans Audit adjustments and reclassifications/other reconciling Line 7 PED Cash Report June 30, 2018 $ $ 170,821 $ 1,463,545 P-23