District School Board - Seminole County Schools

DISTRICT SCHOOL BOARD OF SEMINOLE COUNTY, FLORIDASTATEMENT OF NET ASSETSJune 30, 2009Primary GovernmentGovernmental Business-TypeActivities Activities Total Component UnitsASSETSCash $ 5,603,969 $ - $ 5,603,969 $ 1,549,300Investments 177,868,336 541,701 178,410,037 1,178,484Accounts Receivable 667,903 - 667,903 1,402,970Taxes Receivable 600,000 - 600,000 -Internal Balances 900 (900) - -Due From Other Agencies 3,518,136 - 3,518,136 -Inventories 2,327,841 - 2,327,841 7,712Deferred Charges 2,898,632 - 2,898,632 -Capital Assets:Non-Depreciable 114,636,352 - 114,636,352 -Depreciable (Net) 676,130,798 - 676,130,798 111,705Total Assets 984,252,867 540,801 984,793,668 4,250,171LIABILITIESAccounts Payable and Other Current Liabilities 13,159,690 11,263 13,170,953 162,353Due to Other Agencies 4,418,149 - 4,418,149 -Accrued Interest Payable 869,013 - 869,013 -Matured Debt Payable 13,535,000 - 13,535,000 -Matured Interest Payable 5,212,958 - 5,212,958 -Notes Payable 18,000,000 - 18,000,000 -Non-Current Liabilities:Portion Due or Payable Within One Year:Bonds Payable 1,320,000 - 1,320,000 -Certificates of Participation Payable, Net 12,371,085 - 12,371,085 -Compensated Absences Payable 3,079,099 - 3,079,099 -Estimated Insurance Claims Payable 2,331,098 - 2,331,098 -Portion Due or Payable After One Year:Bonds Payable 17,955,000 - 17,955,000 -Certificates of Participation Payable, Net 230,464,914 - 230,464,914 -Compensated Absences Payable 35,905,452 - 35,905,452 -Estimated Insurance Claims Payable 10,396,549 - 10,396,549 -Other Postemployment Benefits Payable 8,894,684 - 8,894,684 -Total Liabilities 377,912,691 11,263 377,923,954 162,353NET ASSETSInvested in Capital Assets, Net of Related Debt 552,155,716 - 552,155,716 111,705Restricted for:Capital Projects 43,815,997 - 43,815,997 396,153Debt Service 1,567,287 - 1,567,287 -Special Revenue - Food Service 1,399,497 - 1,399,497 -State Categorical Programs 7,525,753 - 7,525,753 -Scholarships, Endowments, and Other Programs - - - 2,824,794Unrestricted (124,074) 529,538 405,464 755,166Total Net Assets $ 606,340,176 $ 529,538 $ 606,869,714 $ 4,087,818The accompanying notes to the basic financial statements are an integral part of the financial statements.Page 35