Comprehensive Annual Financial Report Ending June 2011

Fayette County Board of Education
BALANCE SHEET
GOVERNMENTAL FUNDS
June 30, 2011
Major Governmental Funds
Debt Capital Projects Other Total
Service SPLOST Governmental Governmental
General Fund Fund Funds Funds
ASSETS
Cash $ 7,260,237 $ 11,927 $ 212,958 $ 6,821,920 $ 14,307,042
Investments 28,761,759 3,814,291 21,124,032 4,935,423 58,635,505
Due from other
governments 12,294,849 1,521,063 13,815,912
Interest receivable 193 2 123 318
Taxes receivable 3,530,464 429,443 1,676,746 5,636,653
Due from other funds 951,162 37,143 988,305
Prepaid items 38,475 38,475
Inventory 259,836 259,836
Total assets $ 52,837,139 $ 4,255,661 $ 23,013,738 $ 13,575,508 $ 93,682,046
LIABILITIES AND FUND BALANCES
Liabilities:
Accow1ts payable $ 682,838 $ $ 2,383,728 $ 860,394 $ 3,926,960
Salaries and benefits payable 22,909,173 1,652,613 24,561,786
Due to other funds 668,000 18,008 970,297 1,656,305
Retainage payable 40,108 40,108
Deferred revenue 2,239,674 272,311 2,511,985
Total liabilities 26,499,685 272,311 2,401,736 3,523,412 32,697,144
Ftmd Balances:
N onspendable 38,475 259,836 298,311
Restricted 3,983,350 20,612,002 5,723,633 30,318,985
Committed 230,102 2,442,754 2,672,856
Assigned 16,435,948 1,625,873 18,061,821
Unassigned 9,632,929 9,632,929
Total fund balances 26,337,454 3,983,350 20,612,002 10,052,096 60,984,902
Total liabilities and
fund balances $ 52,837,139 $ 4,255,661 $ 23,013,738 $ 13,575,508 $ 93,682,046
The accompanying notes are an integral part of this statement.
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