Comprehensive Annual Financial Report - Harford County Public ...
Comprehensive Annual Financial Report - Harford County Public ...
Comprehensive Annual Financial Report - Harford County Public ...
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<strong>Harford</strong> <strong>County</strong> <strong>Public</strong> Schools<br />
Exhibit 1<br />
STATEMENT OF NET ASSETS<br />
JUNE 30, 2012<br />
Governmental Activities<br />
ASSETS<br />
Cash and cash equivalents $ 11,008,758<br />
Investments 20,126,776<br />
Due from other units of government 8,105,399<br />
Other receivables 7,578,224<br />
Inventory 844,510<br />
Capital assets:<br />
Construction in progress 119,955,865<br />
School properties 573,025,303<br />
Furniture, fixtures and equipment 35,080,258<br />
Less: accumulated depreciation (149,174,325)<br />
Total capital assets, net of depreciation 578,887,101<br />
Total assets 626,550,768<br />
LIABILITIES<br />
Accounts payable 5,885,292<br />
Accrued salaries and wages 1,588,625<br />
Payroll taxes payable 420,045<br />
Unearned revenue 515,569<br />
Noncurrent liabilities:<br />
Due within one year 4,846,031<br />
Due in more than one year 160,677,268<br />
Total liabilities 173,932,830<br />
NET ASSETS<br />
Invested in capital assets, net of related debt under capital lease 568,870,454<br />
Restricted for:<br />
Food services 2,754,900<br />
Capital projects 9,079,270<br />
Unrestricted (128,086,686)<br />
Total net assets $ 452,617,938<br />
The accompanying notes are an integral part of this financial statement.<br />
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