gasb statement 54 effective june 30, 2011 fund balance reporting

GASB Statement 54 Effective June 30, 2011 Fund Balance Reporting

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GASB Statement 54

Effective June 30, 2011

Fund Balance Reporting

GASB Statement 54

Effects all Government FundsGeneral FundManagement FundStudent Activity FundPhysical Plant and Equipment

(PPEL)Sales Tax Fund

GASB Statement 54

RECOMMENDATIONS

Committed Vs Assigned Board: Committed Superintendent: Assigned Dir of Business Affairs: Assigned

Page 15: GASB Statement 54 Effective June 30, 2011 Fund Balance Reporting

GENERAL FUND

Committed:Board Goals-Regarding unspent balance and solvency ratio (need board resolution)

Donation with a specific purpose

Assigned:Resale Accounts PTA/PTO AccountsBook Fair Accounts Vending AccountsLibrary Fines/Fees ID Card Accounts Accounts

Page 16: GASB Statement 54 Effective June 30, 2011 Fund Balance Reporting

STUDENT ACTIVITY

Assigned:Student clubs/class accountsStudent resale accountsSport camps account

Page 17: GASB Statement 54 Effective June 30, 2011 Fund Balance Reporting

MANAGEMENT FUND

Unassigned

PHYSICAL PLANT & EQUIPMENT (PPEL) Assigned by project

Page 18: GASB Statement 54 Effective June 30, 2011 Fund Balance Reporting

Sales Tax FundCommitted:

Will need board resolutionAssigned by project

6/30/2012Attendance Center Solution 1,073,705.004th Street Expansion Escrow 81,013.70Total 1,454,718.70

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