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Financial Accounting for Local and State School Systems: 2014 Edition
NCES 2015347
April 2015


Exhibit D-7.  Sample Independent School District Statement of Revenues, Expenses, and Changes in Fund Net Position, Proprietary Funds, For the Year Ended June 30, 20X2
 
    Enterprise Funds  
  Adult
Education
Food
Service
Total Internal
Service Fund
OPERATING REVENUES        
Local and intermediate sources $936,150 $4,750,350 $5,686,500 $23,864,586
Total operating revenues $936,150 $4,750,350 $5,686,500 $23,864,586
         
OPERATING EXPENSES        
Payroll costs 888,793 10,494,786 11,383,579
Professional and contract services 343,439 343,439
Supplies and materials 67,228 8,773,317 8,840,545
Facility rental 826,746 826,756
Other operating costs 54,986 984,490 1,039,476 22,639,927
  Total operating expenses 1,837,753 20,596,032 22,433,785 22,639,927
Operating income (loss) (901,603) (15,845,682) (16,747,285) 1,224,659
         
NONOPERATING REVENUES (EXPENSES)        
Investment earnings 10,861 301,410 312,271
Grants 1,102,491 15,849,235 16,951,726
  Total nonoperating revenues (expenses) 1,113,352 16,150,645 17,263,997
  Income (loss) before capital contributions 211,749 304,963 516,712 1,224,659
  Capital contributions 750,000 750,000
  Change in net position 211,749 1,054,963 1,266,712 1,224,659
Total net position—beginning 2,285,780 8,846,344 11,132,124 4,797,932
Total net position—ending $2,497,529 $9,901,307 $12,398,836 $6,022,591