| Total fund balance—governmental funds (Exhibit D-4) |
$74,457,428 |
Amounts reported for governmental activities in the statement of net assets are
different because:
Capital assets used in governmental activities are not financial resources and
therefore are not reported as assets in governmental funds. The cost of the
assets is $414,700,956, and the accumulated depreciation is $98,176,725. |
316,524,231 |
| Property taxes receivable will be collected this year, but are not available soon
enough to pay for the current period's expenditures, and therefore are deferred in
the funds. |
12,182,730 |
| An internal service fund is used by the district's management to charge the
costs of workers' compensation and unemployment claims to the individual
funds. The assets and liabilities of the internal service fund are included with
governmental activities. (See Exhibit D-8.) |
6,022,591 |
| 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. Longterm
liabilities at year-end consist of: |
| Bonds payable |
$80,575,118 |
| Accrued interest on the bonds |
759,880 |
| Capital leases payable |
1,062,861 |
| Contracts payable |
2,767,583 |
| Compensated absences (sick pay and vacations) |
1,125,503 |
| Special termination benefits payable |
16,491,286 |
| In addition, in 1990, the district issued "capital
appreciation" bonds. The accretion of interest on
those bonds to date is: |
16,014,649 |
|
(118,796,880) |
| Total net assets—governmental activities (Exhibit D-1) |
$290,390,100 |
