FY 2009 Comprehensive Annual Financial Report - Harford County ...

Harford County Public Schools
Exhibit 3
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2009
Food
School
Current Services Construction Total
Expense (Special (Capital Governmental
(General) Revenue) Projects) Funds
ASSETS
Cash and cash equivalents $ - $ 3,535 $ - $ 3,535
Investments 12,739,121 2,834,355 - 15,573,476
Due from other units of government 1,891,787 273,022 27,988,780 30,153,589
Other receivables 7,533,487 - 173,148 7,706,635
Due from other funds 4,764,088 - - 4,764,088
Inventory 521,009 341,152 - 862,161
Total assets $ 27,449,492 $ 3,452,064 $ 28,161,928 $ 59,063,484
LIABILITIES
Accounts payable 1,637,117 140,100 18,754,334 20,531,551
Cash overdraft 722,533 - - 722,533
Accrued salaries and wages 1,671,274 - - 1,671,274
Payroll taxes payable 350,646 - - 350,646
Due to other funds - 1,245,747 3,518,341 4,764,088
Unearned revenue 1,303,603 - 86,910 1,390,513
Compensated absences payable 1,390,103 - - 1,390,103
Total liabilities 7,075,276 1,385,847 22,359,585 30,820,708
FUND BALANCES
Reserved for encumbrances 2,260,683 43,143 69,833,172 72,136,998
Reserved for inventory - U.S.D.A. - 186,112 - 186,112
Unreserved: -
Designated 6,863,153 150,000 - 7,013,153
Undesignated 11,250,380 1,686,962 (64,030,829) (51,093,487)
Total fund balances 20,374,216 2,066,217 5,802,343 28,242,776
Total liabilities and fund balances $ 27,449,492 $ 3,452,064 $ 28,161,928 $ 59,063,484
The accompanying notes are an integral part of this financial statement.
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