Comprehensive Annual Financial Report 2012 - Kettering City ...

KETTERING CITY SCHOOL DISTRICT
Nonmajor Governmental Funds
Special Revenue Funds
Special Revenue funds are used to account for the proceeds of specific revenue sources (other
than amounts relating to private purpose trusts or major capital projects) that are legally
restricted to expenditures for specified purposes.
Food Services Fund
This fund accounts for the financial transactions related to the food service operations
of the School District.
Special Trust Fund
A fund used to account for assets held by a school system in a trustee capacity or as
an agent for individuals, private organizations, other governmental and/or other
funds.
Uniform School Supplies Fund
This fund accounts for the purchase and sale of school supplies for use in the School
District. Profits derived from such sales are used for school purposes or activities
connected with the school. (The Balance Sheet and Statement of Revenues,
Expenditures and Changes in Fund Balances are not presented because this fund is
reported as part of the General Fund on a GAAP basis.)
Rotary Special Services Fund
A fund provided to account for income and expenses made in connection with goods
and services provided by the School District. (The Balance Sheet and Statement of
Revenues, Expenditures and Changes in Fund Balances are not presented because
this fund is reported as part of the General Fund on a GAAP basis.)
Public School Support Fund
To support the various needs of the school such as supplies and equipment for use in
the school; for support and recognition of school activities as deemed appropriate by
the building principal. (The Balance Sheet and Statement of Revenues, Expenditures
and Changes in Fund Balances are not presented because this fund is reported as part
of the General Fund on a GAAP basis.)
Pathfinder/Preschool Fund
To account for receipts and expenditures in conjunction with preschool activities.
Special Enterprise Fund
To account for the financial transactions related to the child care program called
“morning and afternoon supervision program”. This fund also accounts for building
rental revenue associated with Trent Arena. (The Balance Sheet and Statement of
Revenues, Expenditures and Changes in Fund Balances are not presented because
this fund is reported as part of the General Fund on a GAAP basis.)
(Continued)
DRAFT - 60 - 12/18/2012