Times Union, SOUTH COLONIE CENTRAL SCHOOL DISTRICT FINANCIAL STATEMENT FOR THE YEAR ENDING JUNE 30, 2016 I. ANALYSIS OF GENERAL FUND BALANCE A909 FUND BALANCE - July 1, 2015 $10,385,557 Closeout of Capital/Federal Projects 322,199 ADD: A980 REVENUES Real Property Tax $62,289,647 Other Items 8,615,057 Charges for Services 1,591,521 Use of Money and Property 177,222 Sale of property and Compensation for Loss 3,850 Miscellaneous 479,513 Revenue from State Sources 22,190,492 Revenue from Federal Sources 111,764 Sub Total $95,459,066 LESS: A522 EXPENDITURES General Support 7,094,083 Instruction 50,978,626 Pupil Transportation 3,479,357 Community Services 456,235 Undistributed 29,388,729 Interfund Transfers 515,000 $91,912,030 Restricted Fund Balance 7,316,655 Assigned Appropriated Fund Balance 2,560,000 Assigned Unappropriated Fund Balance 466,436 Unassigned Fund Balance 3,911,701 TOTAL FUND BALANCE - June 30, 2016 $14,254,792 II. ANALYSIS OF SCHOOL LUNCH BALANCE FUND BALANCE - July 1, 2015 $439,764 ADD: Revenue from Sales $1,019,396 All other Revenues 1,192,156 2,211,552 Sub Total $2,651,316 LESS: Value of Food Sold 641,571 All other Expenses 1,327,097 1,968,668 FUND BALANCE - June 30, 2016 $682,648 III. STATEMENT OF REVENUES AND EXPENSES - SPECIAL AID FUND (15-16) EXPENDITURES REVENUE Instruction $3,973,473 Local Sources 34,588 Pupil Transportation 91,316 State Sources 1,703,447 Operation of Plant 0 Federal Sources 2,485,747 Interfund Transfers 0 Interfund Transfers 140,000 TOTAL EXPENDITURES $4,064,789 TOTAL REVENUE $4,363,782 IV. SPECIAL AID FUND BALANCE SHEET (6/30/16) Cash 63,378 Accounts Receivable 8,529 Due from Other Funds 0 Due from State and Federal 1,524,576 TOTAL ASSETS $1,596,483 LIABILITIES AND FUND BALANCE Accounts Payable 84,860 Accrued Liabilities 6,722 Due to Other Funds 1,319,911 Deferred Revenue 184,990 TOTAL LIABILITIES $1,596,483 FUND BALANCE 0 TOTAL LIABILITIES AND FUND BALANCE $1,596,483 V. CAPITAL FUND BALANCE SHEET (6/30/16) Cash $3,732,601 Due From Other Funds 0 Due from State and Federal 0 TOTAL ASSETS $3,732,601 LIABILITIES AND FUND BALANCE Bond Anticipation Notes Payable $5,102,598 Accounts Payable 93,171 Due to Other Funds 0 TOTAL LIABILITIES $5,195,769 ASSIGNED FUND BALANCE 472,615 UNASSIGNED FUND BALANCE ($1,935,783) TOTAL LIABILITIES AND FUND BALANCE $3,732,601 VI. ANALYSIS OF EXPENDABLE TRUST BALANCE - July 1, 2015 $112,923 ADD: Receipts of Cash & Securities $67,946 Subtotal, Balance and Receipts $180,869 LESS: Disbursements of Cash and Securities $66,974 BALANCE - June 30, 2016 $113,895 VII. ANALYSIS OF DEBT SERVICE FUND BALANCE - July 1, 2015 $0 ADD: Revenues $0 Subtotal $0 LESS: Expenditures $0 BALANCE - June 30, 2016 $0 VIII. STATEMENT OF GENERAL FIXED ASSET ACCOUNTS (6/30/16) Sites $1,992,456 Buildings 92,716,533 Equipment 7,110,022 Construction Work in Progress 1,187,626 Vehicles 6,833,546 Net Pension Asset 57,590,010 Deferred Outflows of Resources, Pensions 14,074,250 TOTAL NON-CURRENT GOVERNMENTAL ASSETS $181,504,443 Accumulated Depreciation-Buildings $59,823,976 Accumulated Depreciation-Equipment 5,761,946 Accumulated Depreciation-Vehicles 4,890,460 TOTAL ACCUMULATED DEPRECIATION $70,476,382 TOTAL NON-CURRENT GOVERMENTAL ASSETS LESS DEPRECIATION $111,028,061 IX. STATEMENT OF CAPITAL INDEBTEDNESS ACCOUNTS (6/30/16) Interest Payable on Serial Bonds $2,852,650 Serial Bonds Payable 17,935,000 Other Post Employment Benefits (OPEB) 35,379,032 Net Pension Liability 5,708,433 Deferred Inflows of Resources, Pensions 10,464,686 Compensated Absences 1,327,703 TOTAL CAPITAL INDEBTEDNESS $73,667,504 The full text of the Annual Financial Report, in the form filed with the State Education Department, is available for public inspection at the District Offices, 102 Loralee Drive, Albany, New York 12205 during regular business hours.
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