LAKE CHELAN SCHOOL DISTRICT NO. 129 F-196 ANNUAL FINANCIAL STATEMENTS FOR FISCAL YEAR 2013-2014 RUN: 11/18/2014 10:28:10 AM CERTIFICATION The Annual Financial Statements (Report F-196) for of Chelan County for the fiscal year ended August 31, 2014, were prepared on the modified accrual basis of accounting in accordance with the appropriate accounting principles as stated in the Accounting Manual for Public School Districts in the State of Washington. School was conducted for 180 days. (If school was operated fewer than 180 days, please include a statement covering the reasons and effort to make up days lost.) The indirect cost rate proposal has been reviewed and the data reflects allowable costs in accordance with federal requirements and OMB circular A-87 and all costs are properly allocable to federal awards. The school district Annual Financial Statement has been reviewed and submitted to OSPI in accordance with WAC 392-117-035 for the fiscal year September 1, 2013-August 31, 2014 Approved: Reviewed: School District Superintendent or Authorized Official ESD Superintendent or Authorized Official Date Date REPORT F-196 SUMMARY Total Revenues and Other Financing Sources Total Expenditures Other Financing Uses Excess of Revenues/Other Financing Sources Over/(Under) Expenditures and Other Financing Uses Beginning Total Balance Prior Year(s) Corrections or Restatements Ending Total Balance 15,812,116.34 15,840,208.41 3,596.68-31,688.75 1,286,624.51 31,126.44 1,286,062.20 ASB 152,234.43 169,498.18-17,263.75 116,259.07-0.03 98,995.29 628,847.72 1,307,487.50-678,639.78 850,727.09 0.10 172,087.41 2,977,221.20 1,319,567.60 1,657,653.60 239,128.60-0.09 1,896,782.11 138,836.95 83,159.31 55,677.64 209,000.95-0.10 264,678.49 Permanent Total 19,709,256.64 18,719,921.00 3,596.68 985,738.96 2,701,740.22 31,126.32 3,718,605.50 Locked Date: Nov 17, 2014 Certification Page
Balance Sheet RUN: 11/18/2014 10:28:11 AM Chelan Governmental s August 31, 2014 ASB Permanent Total ASSETS: Cash and Cash Equivalents Minus Warrants Outstanding Taxes Receivable Due From Other s Due From Other Governmental Units Accounts Receivable Interfund Loans Receivable Accrued Interest Receivable Inventory Prepaid Items Investments Investments/Cash With Trustee Investments-Deferred Compensation Self-Insurance Security Deposit TOTAL ASSETS 885,139.69-574,376.62 1,320,468.97 148,363.15 3,606.38 138,466.94 922,353.50 60,227.05 2,904,249.06 13,116.33-6,688.11 92,634.30 99,062.52 24.03 25,341.95 172,063.38 197,429.36 531,763.93-390,225.58 546,489.68 2,171,158.04 2,859,186.07 264,678.49 264,678.49 1,430,043.98-971,290.31 1,892,300.60 148,363.15 3,606.38 138,466.94 3,622,887.71 60,227.05 6,324,605.50 LIABILITIES: Accounts Payable Contracts Payable Current Accrued Interest Payable Accrued Salaries Anticipation Notes Payable Payroll Deductions and Taxes Payable Due To Other Governmental Units Deferred Compensation Payable Estimated Employee Benefits Payable Due To Other s 158,794.93 137,670.82 1,252.14 67.23 415,914.28 574,776.44 137,670.82 1,252.14 Page 1 of 2
Balance Sheet RUN: 11/18/2014 10:28:11 AM Chelan Governmental s August 31, 2014 ASB Permanent Total LIABILITIES: Interfund Loans Payable Deposits Unearned Revenue Matured Bonds Payable Matured Bond Interest Payable Arbitrage Rebate Payable TOTAL LIABILITIES 297,717.89 67.23 415,914.28 713,699.40 DEFERRED INFLOWS OF RESOURCES: Unavailable Revenue Unavailable Revenue - Taxes Receivable TOTAL DEFERRED INFLOWS OF RESOURCES 1,320,468.97 1,320,468.97 25,341.95 25,341.95 546,489.68 546,489.68 1,892,300.60 1,892,300.60 FUND BALANCE: Nonspendable Balance Restricted Balance Committed Balance Assigned Balance Unassigned Balance TOTAL FUND BALANCE 7,50 19,213.35 1,200,844.84 58,504.01 1,286,062.20 98,995.29 98,995.29 172,087.41 172,087.41 1,896,782.11 1,896,782.11 264,678.59-0.10 264,678.49 7,50 554,974.64 1,200,844.84 1,896,782.01 58,504.01 3,718,605.50 TOTAL LIABILITIES, DEFERRED INFLOW OF RESOURCES, AND FUND BALANCE 2,904,249.06 99,062.52 197,429.36 2,859,186.07 264,678.49 6,324,605.50 Page 2 of 2
RUN: 11/18/2014 10:28:12 AM E.S.D. 171 Statement of Revenues, Expenditures, and Changes in Balance Chelan Governmental s For the Year Ended August 31, 2014 ASB Permanent Total REVENUES: Local 3,133,956.11 152,234.43 628,847.72 877,221.20 169.24 4,792,428.70 State 10,697,675.25 138,667.71 10,836,342.96 Federal 1,669,337.93 1,669,337.93 Federal Stimulus Other 311,147.05 311,147.05 TOTAL REVENUES 15,812,116.34 152,234.43 628,847.72 877,221.20 138,836.95 17,609,256.64 EXPENDITURES: CURRENT: Regular Instruction 8,037,384.11 8,037,384.11 Federal Stimulus Special Education 1,279,751.29 1,279,751.29 Vocational Education 787,043.74 787,043.74 Skill Center Compensatory Programs 1,575,798.51 1,575,798.51 Other Instructional Programs 218,651.23 218,651.23 Community s 7,300.20 7,300.20 Support s 3,891,798.59 3,891,798.59 Student Activities/Other 169,498.18 169,498.18 CAPITAL OUTLAY: Sites 1,258,474.34 1,258,474.34 Building 61,093.26 61,093.26 Equipment Instructional Technology Energy Equipment 83,159.31 83,159.31 Sales and Lease Other 42,480.74 42,480.74 DEBT SERVICE: Principal 1,285,00 1,285,00 Interest and Other Charges 22,487.50 22,487.50 Bond/Levy Issuance TOTAL EXPENDITURES 15,840,208.41 169,498.18 1,307,487.50 1,319,567.60 83,159.31 18,719,921.00 Page 1 of 2
RUN: 11/18/2014 10:28:12 AM E.S.D. 171 Statement of Revenues, Expenditures, and Changes in Balance Chelan Governmental s For the Year Ended August 31, 2014 ASB Permanent Total DEBT SERVICE: REVENUES OVER (UNDER) EXPENDITURES -28,092.07-17,263.75-678,639.78-442,346.40 55,677.64-1,110,664.36 OTHER FINANCING SOURCES (USES): Bond Sales & Refunding Bond Sales Long-Term Financing Transfers In Transfers Out (GL 536) Other Financing Uses (GL 535) Other TOTAL OTHER FINANCING SOURCES (USES) -3,596.68-3,596.68 2,100,00 2,100,00 2,100,00-3,596.68 2,096,403.32 EXCESS OF REVENUES/OTHER FINANCING SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES -31,688.75-17,263.75-678,639.78 1,657,653.60 55,677.64 985,738.96 BEGINNING TOTAL FUND BALANCE 1,286,624.51 116,259.07 850,727.09 239,128.60 209,000.95 2,701,740.22 Prior Year(s) Corrections or Restatements 31,126.44-0.03 0.10-0.09-0.10 31,126.32 ENDING TOTAL FUND BALANCE 1,286,062.20 98,995.29 172,087.41 1,896,782.11 264,678.49 3,718,605.50 Page 2 of 2
Chelan Statement Of Fiduciary Net Position Fiduciary s August 31, 2014 RUN: 11/18/2014 10:28:13 AM ASSETS: Imprest Cash Cash On Hand Cash On Deposit with Cty Treas Minus Warrants Outstanding Due From Other s Accounts Receivable Accrued Interest Receivable Investments Investments/Cash With Trustee Other Assets Assets, Land Assets, Buildings Assets, Equipment Accum Depreciation, Buildings Accum Depreciation, Equipment TOTAL ASSETS LIABILITIES: Accounts Payable Due To Other s TOTAL LIABILITIES NET POSITION: Held in trust for: Restricted for Other Items Restricted for Self Insurance Restricted for Uninsured Risks Nonspendable -- Trust Principal Committed to Other Purposes Held In Trust For Private Purposes Assigned to Purposes Held In Trust For Pension And Other Employee Benefits Unassigned Balance TOTAL NET POSITION Page 1 of 1 Private Purpose Trust 27,108.36 27,108.36 27,108.36 27,108.36 Other Trust
Statement of Changes in Fiduciary Net Position RUN: 11/18/2014 10:28:14 AM Chelan Fiduciary s For the Year Ended August 31, 2014 ADDITIONS: Contributions: Private Donations Employer Members Other TOTAL CONTRIBUTIONS Investment Income: Net Appreciation (Depreciation) in Fair Value Interest and Dividends Less Investment Expenses Net Investment Income Other Additions: Rent or Lease Revenue Total Other Additions TOTAL ADDITIONS DEDUCTIONS: Benefits Refund of Contributions Administrative Expenses Scholarships Other TOTAL DEDUCTIONS Private Purpose Trust 2.34 2.34 2.34 Other Trust Net Increase (Decrease) Net Position--Beginning Prior Year(s) Corrections or Restatements NET POSITION--ENDING 2.34 27,106.02 27,108.36 Page 1 of 1
Schedule of Long-Term Liabilities: GENERAL FUND RUN: 11/18/2014 10:28:15 AM Description Beginning Outstanding September 1, 2013 Amount Issued / Increased Amount Redeemed / Decreased Ending Outstanding August 31, 2014 Amount Due Within One Year Non-Voted and Liabilities Leases Contracts Payable Non-Cancellable Operating Leases Claims & Judgements Compensated Absences Long-Term Notes Anticipation Notes Payable Lines of Credit Other Non-Voted 789,538.78 175,00 375,00 589,538.78 134,423.99 Other Liabilities Non-Voted Notes Not Recorded as Total Long-Term Liabilities 789,538.78 175,00 375,00 589,538.78 134,423.99 Page 1 of 1
Schedule of Long-Term Liabilities: DEBT SERVICE FUND RUN: 11/18/2014 10:28:16 AM Description Beginning Outstanding September 1, 2013 Amount Issued / Increased Amount Redeemed / Decreased Ending Outstanding August 31, 2014 Amount Due Within One Year Voted Voted Bonds LOCAL Program Proceeds Issued in Lieu of Bonds 1,285,00 1,285,00 Non-Voted Non-Voted Bonds LOCAL Program Proceeds 2,100,00 2,100,00 350,00 Total Long-Term Liabilities 1,285,00 2,100,00 1,285,00 2,100,00 350,00 Page 1 of 1
Schedule of Long-Term Liabilities: CAPITAL PROJECTS FUND RUN: 11/18/2014 10:28:17 AM Description Beginning Outstanding September 1, 2013 Amount Issued / Increased Amount Redeemed / Decreased Ending Outstanding August 31, 2014 Amount Due Within One Year Non-Voted and Liabilities Leases Contracts Payable Claims & Judgements Compensated Absences Long-Term Notes Anticipation Notes Payable Lines of Credit Other Non-Voted Other Liabilities Non-Voted Notes Not Recorded as Total Long-Term Liabilities Page 1 of 1
Report of Revenues and Other Financing Sources RUN: 11/18/2014 10:28:18 AM LOCAL TAXES 1100 Local Property Tax 1300 Sale of Tax Title Property 1400 Local in Lieu of Taxes 1500 Timber Excise Tax 1600 County-Administered Forests 1900 Other Local Taxes 1000 TOTAL LOCAL TAXES 2,885,349.96 2,375.33 1,007.74 2,888,733.03 627,513.49 17.11 908.03 628,438.63 674,425.04 1,008.38 18.12 675,451.54 LOCAL SUPPORT NONTAX 2100 Tuition and Fees, Unassigned 2122 Special Ed. - Infants and Toddlers - Tuition and Fees 2131 Secondary Vocational Education - Tuition 2145 Skills Center Tuitions and Fees 2171 Traffic Safety Education Fees 2173 Summer School Tuitions and Fees 2186 Community School Tuitions and Fees 2188 Day Care Tuitions and Fees 2200 Sales of Goods, Supplies and s, Unassigned 2231 Secondary Voc. Ed., Sales of Goods, Supplies and s 2245 Skills Center, Sales of Goods, Supplies and s 2288 Day Care?Sales of Goods, Supplies, and s 2289 Other Community s? Sales of Goods, Supplies, and s 2298 School Food s--sales of Goods, Supplies, and s 2300 Investment Earnings 2400 Interfund Loan Interest Earnings 2500 Gifts and Donations 2600 Fines and Damages 2700 Rentals and Leases 2800 Insurance Recoveries 2900 Local Support Nontax, Unassigned 2910 E-Rate 2000 TOTAL LOCAL SUPPORT NONTAX 17,989.47 3,229.85 32,64 15,827.06 122,946.85 1,442.88 17,598.92 1,513.42 10,942.50 4,280.42 16,811.71 245,223.08 409.09 409.09 283.75 201,485.91 201,769.66 169.24 169.24 Page 1 of 7
Report of Revenues and Other Financing Sources RUN: 11/18/2014 10:28:18 AM STATE, GENERAL PURPOSE 3100 Apportionment 3121 Special Education - Apportionment 3300 Local Effort Assistance 3600 State Forests 3900 Other State Purpose, Unassigned 3000 TOTAL STATE, GENERAL PURPOSE 8,227,269.30 143,914.79 8,371,184.09 STATE, SPECIAL PURPOSE 4100 Special Purpose, Unassigned 4121 Special Education 4122 Special Education - Infants and Toddlers - State 4126 State Institutions, Special Education 4130 State ing Assistance-Paid Direct to District 4155 Learning Assistance 4156 State Institutions, Centers and Homes, Delinquent 4158 Special and Pilot Programs 4159 Juveniles in Adult Jails 4165 Transitional Bilingual 4174 Highly Capable 4188 Day Care 4198 School Food 4199 - Operations 4230 State ing Assistance-Paid Direct to Contractor 4300 Other State Agencies, Unassigned 4321 Special Education - Other State Agencies 4322 Special Education - Infants and Toddlers - State 4326 State Institutions - Special Education - Other State Agencies 4330 State ing Assistance-Other 4356 State Institutions, Centers and Homes, Delinquent - Other State Agencies 4358 Special and Pilot Programs - Other State Agencies 4365 Transitional Bilingual - Other State Agencies 4388 Day Care - Other State Agencies 759,820.11 47,062.99 400,496.75 172,972.85 357,135.90 13,812.48 18,270.74 556,919.34 Page 2 of 7
Report of Revenues and Other Financing Sources RUN: 11/18/2014 10:28:18 AM STATE, SPECIAL PURPOSE 4398 School Food - Other State Agencies 4399 Operations - Other State Agencies 4499 Reimbursement - Depreciation 4000 TOTAL STATE, SPECIAL PURPOSE 2,326,491.16 138,667.71 138,667.71 FEDERAL, GENERAL PURPOSE 5200 Purpose Direct Federal Grants, Unassigned 5300 Impact Aid, Maintenance and Operation 5329 Impact Aid, Special Education ing 5400 Federal in Lieu of Taxes 5500 Federal Forests 5600 Qualified Bond Interest Credit 5000 TOTAL FEDERAL, GENERAL PURPOSE 79,345.30 79,345.30 FEDERAL, SPECIAL PURPOSE 6100 Special Purpose, OSPI, Unassigned 6111 Federal Stimulus-Title I 6112 Federal Stimulus-School Improvement 6113 Federal Stimulus-State Fiscal Stabilization 6114 Federal Stimulus-IDEA 6118 Federal Stimulus-Competitive Grants 6119 Federal Stimulus-Other 6121 Special Education, Medicaid Reimbursement 6122 Special Education - Infants and Toddlers - Medicaid Reimbursements 6124 Special Education, Supplemental 6125 Special Education - Infants and Toddlers - Federal 6138 Secondary Vocational Education 6140 Impact Aid-Construction 6146 Skills Center 6151 ESEA Disadvantaged, Fed 6152 Other Title, ESEA Fed 6153 ESEA Migrant, Federal 6154 Reading First, Federal 6157 Institutions, Neglected and Delinquent 23,50 991.12 282,115.62 12,612.25 361,618.15 266,271.00 53,501.35 Page 3 of 7
Report of Revenues and Other Financing Sources RUN: 11/18/2014 10:28:18 AM FEDERAL, SPECIAL PURPOSE 6161 Head Start 6162 Math and Science - Professional Development 6164 Limited English Proficiency 6167 Indian Education, JOM 6168 Indian Education, ED 6176 Targeted Assistance 6178 Youth Training Programs 6188 Day Care 6189 Other Community s 6198 School Food s 6199 - Operations 6200 Direct Special Purpose Grants 6211 Federal Stimulus-Title I 6212 Federal Stimulus-School Improvement 6213 Federal Stimulus-State Fiscal Stabilization 6214 Federal Stimulus-IDEA 6218 Federal Stimulus-Competitive Grants 6219 Federal Stimulus-Other 6221 Special Education - Medicaid Reimbursement 6222 Special Education - Infants and Toddlers - Medicaid Reimbursements 6224 Special Education - Supplemental 6225 Special Education - Infants and Toddlers - Federal 6238 Secondary Vocational Education 6240 Impact Aid 6246 Skills Center 6251 ESEA Disadvantaged, Fed 6252 Other Title, ESEA Fed 6253 ESEA Migrant, Federal 6254 Reading First, Federal 6257 Institutions, Neglected and Delinquent 6261 Head Start 6262 Math and Science - Professional Development 43,271.33 526,471.81 Page 4 of 7
Report of Revenues and Other Financing Sources RUN: 11/18/2014 10:28:18 AM FEDERAL, SPECIAL PURPOSE 6264 Limited English Proficiency 6267 Indian Education - JOM 6268 Indian Education - ED 6276 Targeted Assistance 6278 Youth Training, Direct Grants 6288 Day Care 6289 Other Community s 6298 School Food s 6299 - Operations 6300 Federal Grants Through Other Agencies, Unassigned 6310 Medicaid Administrative Match 6311 Federal Stimulus-Title I 6312 Federal Stimulus-School Improvement 6313 Federal Stimulus-State Fiscal Stabilization 6314 Federal Stimulus-IDEA 6318 Federal Stimulus-Competitive Grants 6319 Federal Stimulus-Other 6321 Special Education - Medicaid Reimbursement 6322 Special Education - Infants and Toddlers - Medicaid Reimbursements 6324 Special Education - Supplemental 6325 Special Education - Infants and Toddlers - Federal 6338 Secondary Vocational Education 6340 Impact Aid Construction 6346 Skills Center 6351 ESEA Disadvantaged, Fed 6352 Other Title, ESEA Fed 6353 ESEA Migrant, Federal 6354 Reading First, Federal 6357 Institutions, Neglected and Delinquent 6361 Head Start 6362 Math and Science - Professional Development 6364 Limited English Proficiency Page 5 of 7
Report of Revenues and Other Financing Sources RUN: 11/18/2014 10:28:18 AM FEDERAL, SPECIAL PURPOSE 6367 Indian Education - JOM 6368 Indian Education - ED 6376 Targeted Assistance 6378 Youth Training 6388 Day Care 6389 Other Community s 6398 School Food s 6399 - Operations 6998 USDA Commodities 6000 TOTAL FEDERAL, SPECIAL PURPOSE 19,64 1,589,992.63 REVENUES FROM OTHER SCHOOL DISTRICTS 7100 Program Participation, Unassigned 7121 Special Education 7122 Special Education - Infants and Toddlers 7131 Vocational Education 7145 Skills Center 7189 Other Community s 7197 Support s 7198 School Food s 7199 7301 Nonhigh Participation 7000 TOTAL REVENUES FROM OTHER SCHOOL DISTRICTS 192,262.32 7,120.17 85,687.00 285,069.49 REVENUES FROM OTHER ENTITITES 8100 Governmental Entities 8188 Day Care 8189 Community s 8198 School Food s 8199 8200 Private Foundations 8500 Nonfederal, ESD 8521 Educational Districts - Special Education 8522 Educational Districts - Special Education - Infants and Toddlers 26,077.56 Page 6 of 7
Report of Revenues and Other Financing Sources RUN: 11/18/2014 10:28:18 AM REVENUES FROM OTHER ENTITITES 8000 TOTAL REVENUES FROM OTHER ENTITIES 26,077.56 OTHER FINANCING SOURCES 9100 Sale of Bonds 9200 Sale of Real Property 9300 Sale of Equipment 9400 Compensated Loss of Fixed Assets 9500 Long-Term Financing 9600 Sale of Refunding Bonds 9900 Transfers 9000 TOTAL OTHER FINANCING SOURCES 2,100,00 2,100,00 TOTAL REVENUES AND OTHER FINANCING SOURCES 15,812,116.34 628,847.72 2,977,221.20 138,836.95 Page 7 of 7