Comprehensive Annual Financial Report Ending June 2011

Fayette County Board of Education
NOTES TO FINANCIAL STATEMENTS- CONTINUED
NOTE J - FUND BALANCES - continued
June 30, 2011
Restricted- The following balances are restricted for:
Debt Service Fund: used to account for debt service
payments on general obligation debt
Capital Projects-SPLOST Fund: used to account for
capital projects flnanced with SPLOST
Nonmajor Special Revenue Funds:
School Nutrition Services Fund- used to account for
activity of the school lunch program
Friends Mentoring Program Fund- used to account for
proceeds of grant from Department of Human Resources
Other Grants Fund- used to account for various grant awards
Nonmajor Capital Project Funds:
Bond 2007 Fund- used to account for capital projects
financed with proceeds of the 2007 bond referendum
Total Restricted Fund Balance
Committed - The following fund balances are committed to:
General Fund : to account for a portion of net cRate receipts
set aside by the Board to be used on technology infrastucture
Nonmajor Special Revenue Funds:
Community Education Fund- used to account for the activities
of community school programs
After School Program Fund- used to account for the activities
of after school programs
Donations Fund- used to account for resources provided by donations
Auditorium Rentals Fund- used to account for resources generated
by auditorium facility rentals
Principals' Fund- used to account for resources generated by schools
for various school activities and needs
Total Committed Fund Balance
62
$ 3,983,350
20,612,002
1,792,292
16,886
10,659
3 903 796
$ 30318985
$ 230,102
476,096
529,708
81,728
47,759
1 307 463
$ 2 672 856