Exhibit D-1. Sample Independent School District Statement of Net Assets: June 30, 20X2

Financial Accounting for Local and State School Systems: 2009 Edition

NCES 2009-325
June 2009

Exhibit D-1. Sample Independent School District Statement of Net Assets: June 30, 20X2

	Governmental Activities	Business-type Activities	Total
ASSETS
Cash and cash equivalents	$ 104,268,980	$ 5,971,032	$ 110,240,012
Property taxes receivable (net)	12,182,730	—	12,182,730
Due from other governments	19,968,336	1,268,411	21,236,747
Other receivables	2,252,919	3,783	2,256,702
Internal balances	442,539	(442,539)	—
Inventories and prepaid expenses	1,537,230	1,572,376	3,109,606
Capital assets:
Land	21,823,682	—	21,823,682
Buildings	262,202,141	—	262,202,141
Furniture and equipment	130,675,133	11,549,456	142,224,589
Less accumulated depreciation	(98,176,725)	(9,016,026)	(107,192,751)
Total capital assets, net of depreciation	316,524,231	2,533,430	319,057,661
Total assets	457,176,965	10,906,493	468,083,458
LIABILITIES
Accounts payable and other current liabilities	33,305,354	484,151	33,789,505
Deferred revenues	3,117,910	521,035	3,638,945
Long-term liabilities:
Portion due or payable within one year:
Bonds, capital leases, and contracts	13,446,974	—	13,446,974
Accrued interest	759,880	—	759,880
Special termination benefits and compensated absences	2,156,000	—	2,156,000
Claims and judgments	5,700,000	—	5,700,000
Portion due or payable after one year:
Bonds, capital leases, and contracts	70,958,588	—	70,958,588
Accrued interest	16,014,649	—	16,014,649
Special termination benefits and compensated absences	15,460,789	—	15,460,789
Claims and judgments	5,866,721	—	5,866,721
Total liabilities	166,786,865	1,005,186	167,792,051
NET ASSETS
Invested in capital assets, net of related debt	216,104,020	2,533,430	218,637,450
Restricted for:
Debt service	5,147,502	—	5,147,502
Campus activities	1,396,569	—	1,396,569
Unrestricted	67,742,009	7,367,877	75,109,886
Total net assets	$ 290,390,100	$ 9,901,307	$ 300,291,407

List of Exhibits

Back to Report Return to Report