FY 2009 Comprehensive Annual Financial Report - Harford County ...
FY 2009 Comprehensive Annual Financial Report - Harford County ...
FY 2009 Comprehensive Annual Financial Report - Harford County ...
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<strong>Harford</strong> <strong>County</strong> Public Schools<br />
Exhibit 1<br />
STATEMENT OF NET ASSETS<br />
JUNE 30, <strong>2009</strong><br />
Governmental Activities<br />
ASSETS<br />
Cash and cash equivalents $ 3,535<br />
Investments 15,573,476<br />
Due from other units of government 30,153,589<br />
Other receivables 7,706,635<br />
Inventory 862,161<br />
Capital assets:<br />
Construction in progress 206,054,529<br />
School properties 369,653,077<br />
Furniture, fixtures and equipment 26,584,066<br />
Less: accumulated depreciation (119,081,889)<br />
Total capital assets, net of depreciation 483,209,783<br />
Total assets 537,509,179<br />
LIABILITIES<br />
Accounts payable 20,531,551<br />
Cash overdraft 722,533<br />
Accrued salaries and wages 1,671,274<br />
Payroll taxes payable 350,646<br />
Unearned revenue 1,390,513<br />
Noncurrent liabilities:<br />
Due within one year 1,687,031<br />
Due in more than one year 82,200,859<br />
Total liabilities 108,554,407<br />
NET ASSETS<br />
Invested in capital assets net of related debt under capital lease 472,628,213<br />
Restricted for:<br />
Food services 2,066,217<br />
Capital Projects 5,802,343<br />
Unrestricted (51,542,001)<br />
Total net assets $ 428,954,772<br />
The accompanying notes are an integral part of this financial statement.<br />
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