NORTH PENN SCHOOL DISTRICT
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2015
Other
Governmental
Funds
General Fund
TOTAL ASSETS
$
11,284,583
48,306,317
2,653,494
393,883
6,261,757
300,590
287,993
5,200
$
6,803,066
5,659,006
-
$
18,087,649
53,965,323
2,653,494
393,883
6,261,757
300,590
287,993
5,200
$
69,493,817
$
12,462,072
$
81,955,889
$
8,181,194
15,479
57,454
21,092,418
29,346,545
T
ASSETS
Cash and cash equivalents
Investments
Taxes receivable
Due from other funds
Due from other governments
Other receivables
Inventories
Prepaid items
Total
Governmental
Funds
LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES
AF
LIABILITIES
Accounts payable and accrued expenses
Due to other funds
Unearned revenue
Accrued salaries and benefits
TOTAL LIABILITIES
$
R
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue, property taxes
7,052,732
15,479
57,454
21,092,418
28,218,083
D
FUND BALANCES
Nonspendable for
Inventory
Prepaid items
Restricted for capital projects
Committed to
Capital projects
Future retirement rate increase
Assigned to
Self-funded insurance
Unassigned
TOTAL FUND BALANCES
TOTAL LIABILITIES, DEFERRED
INFLOWS OF RESOURCES
AND FUND BALANCES
$
$
1,128,462
1,128,462
2,353,745
-
2,353,745
287,993
5,200
-
5,308,837
287,993
5,200
5,308,837
14,406,187
6,024,773
-
6,024,773
14,406,187
2,700,000
21,522,609
38,921,989
11,333,610
2,700,000
21,522,609
50,255,599
69,493,817
See accompanying notes to the basic financial statements.
- 16 -
$
12,462,072
$
81,955,889
NORTH PENN SCHOOL DISTRICT
STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015
Other
Governmental
Funds
General Fund
REVENUES
Local sources
State sources
Federal sources
$ 181,532,292
40,848,095
3,192,351
TOTAL REVENUES
14,306
-
$ 181,546,598
40,848,095
3,192,351
225,572,738
14,306
225,587,044
141,703,889
63,056,437
2,854,087
327,796
-
141,703,889
63,384,233
2,854,087
222,785
13,882,026
221,719,224
16,197,701
95,510
16,621,007
16,420,486
13,977,536
238,340,231
3,853,514
(16,606,701)
(12,753,187)
33,600
(3,031,443)
19,945,000
(65,781)
-
19,945,000
(65,781)
33,600
(3,031,443)
(2,997,843)
19,879,219
16,881,376
855,671
3,272,518
4,128,189
38,066,318
8,061,092
46,127,410
AF
T
EXPENDITURES
Instruction
Support services
Operation of non-instructional services
Facilities acquisition, construction and
improvement services
Debt service
TOTAL EXPENDITURES
$
EXCESS (DEFICIENCY) OF
REVENUES OVER
EXPENDITURES
D
R
OTHER FINANCING SOURCES (USES)
Bond issue proceeds
Bond discount
Proceeds from sale of capital assets
Transfers out
TOTAL OTHER FINANCING
SOURCES (USES)
NET CHANGE IN FUND BALANCES
FUND BALANCES AT BEGINNING OF YEAR
FUND BALANCES AT END OF
YEAR
Total
Governmental
Funds
$
38,921,989
See accompanying notes to the basic financial statements.
- 18 -
$
11,333,610
$
50,255,599
NORTH PENN SCHOOL DISTRICT
COMBINING BALANCE SHEET
OTHER GOVERNMENTAL FUNDS
JUNE 30, 2015
Capital Project Funds
Capital
Reserve
Fund
ASSETS
Cash and cash equivalents
$
2014/2015
Bond Fund
6,351,740
Investments
$
-
TOTAL ASSETS
30,368
Total Other
Governmental
Funds
2013
Bond Fund
$
5,659,006
420,958
$
-
6,803,066
5,659,006
$
6,351,740
$
5,689,374
$
420,958
$
12,462,072
$
326,967
$
795,102
$
6,393
$
1,128,462
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable
T
FUND BALANCES
Restricted for capital projects
Committed to capital projects
TOTAL FUND BALANCES
4,894,272
4,894,272
AF
6,024,773
6,024,773
$
6,351,740
D
R
TOTAL LIABILITIES AND
FUND BALANCES
- 52 -
$
5,689,374
$
414,565
414,565
420,958
5,308,837
6,024,773
11,333,610
$
12,462,072
NORTH PENN SCHOOL DISTRICT
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
OTHER GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2015
Capital Project Funds
Capital
Reserve
Fund
REVENUES
Local sources
$
EXPENDITURES
Support services
Facilities acquisition, construction and
improvement services
Debt service
TOTAL EXPENDITURES
5,995
8,192
$
327,796
1,193,272
1,441,749
14,818,310
95,510
14,993,139
186,119
186,119
16,197,701
95,510
16,621,007
(186,000)
(16,606,701)
AF
(14,984,947)
-
19,945,000
-
R
- 53 -
D
-
$
4,894,272
(65,781)
-
4,894,272
7,460,527
19,945,000
-
19,879,219
(1,435,754)
6,024,773
-
(65,781)
-
$
14,306
-
Bond discount
TOTAL OTHER FINANCING
SOURCES (USES)
FUND BALANCES AT END
OF YEAR
$
79,319
(1,435,754)
FUND BALANCES AT BEGINNING OF
YEAR
119
248,477
OTHER FINANCING SOURCES (USES)
Bond issue proceeds
NET CHANGE IN FUND
BALANCES
$
Total Other
Governmental
Funds
2013
Bond Fund
T
EXCESS (DEFICIENCY)
OF REVENUES OVER
EXPENDITURES
2014/2015
Bond Fund
$
19,879,219
(186,000)
3,272,518
600,565
8,061,092
414,565
$
11,333,610