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<strong>Granite</strong> <strong>School</strong> <strong>District</strong> Bond Projects Fund Summary Statement of Revenues, Expenditures, and Changes in Fund Balances Final Actual Actual Actual Budget Budget 2007-08 2008-09 2009-10 2010-11 2011-12 Revenues: Local Sources: 1500 - Earnings on Investments $ - $ - $ 353,316 $ 299,795 $ 306,500 Total Revenues - - 353,316 299,795 306,500 Expenditures: Capital Outlay: 100 - Salaries - - - 114,922 142,354 200 - Benefits - - - 49,411 62,789 344 - Architectural & Engineering Fees - - 2,241,779 7,371,790 2,625,000 464 - Mechanical Systems - - 470,865 16,776,424 29,600,000 468 - New Construction - - 1,397,753 35,494,029 38,216,040 717 - Site Purchases - - - 7,277,063 - Debt Service: 815 - Bond Issuance Costs - - 876,503 - 1,703,625 Total Expenditures - - 4,986,900 67,083,639 72,349,808 Excess (Deficiency) of Revenues Over Expenditures - - (4,633,584) (66,783,844) (72,043,308) Other Financing Sources: Building Bonds Issued - - 80,000,000 - 176,000,000 Bond Premium - - 2,027,068 - Total Other Financing Sources - - 82,027,068 - 176,000,000 Net Change in Fund Balances - - 77,393,484 (66,783,844) 103,956,692 Fund Balances - Beginning of Year - - - 77,393,484 10,609,640 Fund Balances - End of Year $ - $ - $ 77,393,484 $ 10,609,640 $ 114,566,332 Fund Balances: Restricted for: Bond projects - - 77,393,484 10,609,640 114,566,332 Total Fund Balances $ - $ - $ 77,393,484 $ 10,609,640 $ 114,566,332 107