2011T12 ANNUAL BUDGET - Granite School District

Granite School District
Capital Outlay 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 $ 49,192,437 $ 48,947,864 $ 45,501,374 $ 28,470,535 $ 20,082,179
State Sources - 200,000 200,000 - -
Federal Sources - - - 185,881 4,300,000
Total Revenues 49,192,437 49,147,864 45,701,374 28,656,416 24,382,179
Expenditures:
Capital Outlay 50,578,746 55,679,914 38,219,488 45,752,023 65,862,325
Total Expenditures 50,578,746 55,679,914 38,219,488 45,752,023 65,862,325
Excess (Deficiency) of Revenues
Over Expenditures (1,386,309) (6,532,050) 7,481,886 (17,095,607) (41,480,146)
Other Financing Sources (Uses):
Transfers In (Out) 19,214 - - - -
Sale of Equipment 28,759 155,197 116,708 144,567 125,000
Sale of Real Property 548,047 3,695,127 2,295,415 225,705 -
Total Other Financing Sources 596,020 3,850,324 2,412,123 370,272 125,000
Extraordinary Item:
Proceeds from insurance recovery 5,097,688 - - - -
Net Change in Fund Balances 4,307,399 (2,681,726) 9,894,009 (16,725,335) (41,355,146)
Fund Balances - Beginning of Year 50,240,975 54,548,374 51,866,648 61,760,657 45,035,322
Fund Balances - End of Year $ 54,548,374 $ 51,866,648 $ 61,760,657 $ 45,035,322 $ 3,680,176
Fund Balances:
Nonspendable:
Prepaid Expenditures 63,123 65,418 66,391 - -
Restricted for:
Capital Projects 54,485,251 51,801,230 61,694,266 45,035,322 3,680,176
Total Fund Balances $ 54,548,374 $ 51,866,648 $ 61,760,657 $ 45,035,322 $ 3,680,176
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