| Exhibit D-3.Sample Independent School District Balance Sheet—Governmental Funds: June 30, 20X2 |
|---|
| General Fund |
Debt Service Fund |
Other Funds |
Total Governmental Funds |
||
| ASSETS | |||||
|---|---|---|---|---|---|
| Cash and cash equivalents | $38,369,672 | $3,294,850 | $1,206,520 | $42,871,042 | |
| Investments | 62,495,133 | — | 902,805 | 63,397,938 | |
| Property taxes receivable, net | 10,341,512 | 1,841,218 | — | 12,182,730 | |
| Due from other governments | 15,105,826 | — | 4,862,510 | 19,968,336 | |
| Accrued interest | 504,757 | — | — | 504,757 | |
| Due from other funds | 5,170,479 | 759,359 | 1,852,454 | 7,782,292 | |
| Other receivables | 1,218,640 | 20,695 | 508,827 | 1,748,162 | |
| Inventories—supplies and materials | 1,412,121 | — | — | 1,412,121 | |
| Other current assets | 125,109 | — | — | 125,109 | |
| Total assets | $134,743,249 | $5,916,122 | $9,333,116 | $149,992,487 | |
| LIABILITIES AND FUND BALANCES | |||||
| Liabilities: | |||||
| Accounts payable and accrued liabilities | $30,270,632 | $8,740 | $933,434 | $31,212,806 | |
| Due to other funds | 20,845,752 | — | $5,503,492 | 26,349,244 | |
| Due to other governments | 10,093 | — | — | 10,093 | |
| Due to student groups | — | — | 256,183 | 256,183 | |
| Deferred revenue | 12,283,000 | 1,774,202 | 1,243,438 | 15,300,640 | |
| Amounts held for granting agencies | 233,035 | — | — | 233,035 | |
| Total liabilities | 63,642,512 | 1,782,942 | 7,936,547 | 73,362,001 | |
| Fund balances: | |||||
| Nonspendable: Inventories | 1,412,121 | — | — | 1,412,121 | |
| Restricted for: | |||||
| Debt Service | — | — | — | 4,133,180 | |
| Early childhood programs | 3,161,173 | 4,133,180 | — | 3,161,173 | |
| Committed to: | — | — | |||
| Classroom technology | 333,000 | 333,000 | |||
| Athletic facilities | — | 1,250,000 | 1,250,000 | ||
| Assigned to: | — | — | |||
| New middle school construction | — | — | 21,347,665 | 21,347,665 | |
| Extended day program | 1,396,569 | 1,396,569 | |||
| Unassigned | 43,596,778 | — | — | 43,596,778 | |
| Total fund balances | 48,170,072 | 4,133,180 | 24,327,234 | 76,630,486 | |
| Total liabilities and fund balances | $111,812,584 | $5,916,122 | $32,263,781 | ||
| Amounts reported for governmental activities in the statement of net postion 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 $413,700,956, and the accumulated depreciation is $98,176,725. | 315,534,231 | ||||
| Property taxes receivable will be collected this year, but are not available soon enough to pay fo 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 the workers' compensation insurance program to the individuall funds. The assets and liabilities of the internal service fund are included with the governmental activities. | 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. Long-term 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 (vacations) | 1,125,503 | ||||
| Special termination benefits payable | 16,491,286 | ||||
| "In addition, in 2001 the district issued ""capital appreciation"" bonds (for example, the price of a bond was $640, but redeemable at maturity for $1,000). The accretion of interest on those bonds to date is" | 16,041,649 | (118,796,880) | |||
| Total net position—governmental activities | $291,563,158 |