2007-08 Adopted Plan - Wake County Public School System

Statement of Revenues, Expenditures, and Changes in Fund BalanceGeneral State Public Individual Capital Non-Major Total GovernmentalFund School Fund Schools Fund Projects Fund Funds FundsREVENUES:County $ 251,247,744 $ - $ - $ 227,358,356 $ - $ 478,606,100State 7,485,887 543,264,410 - 1,446,453 - 552,196,750Federal 243,820 - - - 50,492,666 50,736,486Other Local 22,359,589 - 12,627,651 9,481,796 2,890 44,471,926Total Revenues 281,337,040 543,264,410 12,627,651 238,286,605 50,495,556 1,126,011,262EXPENDITURES:Current operations:Instructional programs:Regular 69,507,721 267,143,037 - - 2,188,506 338,839,264Special 13,934,406 44,525,878 - - 23,176,349 81,636,633Co-curricular 237,304 - 12,005,302 - - 12,242,606Remediation services 4,335,890 11,085,288 - - 1,057,078 16,478,256Student services 13,721,972 35,645,561 - - 5,452,378 54,819,911Other 20,291,876 88,623,710 - - 11,207,285 120,122,871Supporting services:Pupil 2,097,254 90,251 - - 123,123 2,310,628Instructional staff 4,076,240 2,479,988 - - 2,554,394 9,110,622General administration 7,446,153 1,713,404 - - 558,394 9,717,951School administration 19,272,199 29,285,822 - - 750 48,558,771Business 69,922,569 44,856,171 - - 408,072 115,186,812Central 23,671,565 233,899 - - 385,281 24,290,745Other 14,283,078 17,578,715 - - 1,115,409 32,977,202Community services 215,673 2,686 - - - 218,359Nonprogram charges 9,076,830 - - - 2,265,647 11,342,477Capital outlay:Land, buildings, and other - - - 231,263,943 - 231,263,943Equipment - - - 2,379,157 - 2,379,157Vehicles - - - 3,272,121 - 3,272,121Debt service:Principal 449,462 - - 1,446,453 69,110 1,965,025Interest 35,530 - - - 2,890 38,420Total Expenditures 272,575,722 543,264,410 12,005,302 238,361,674 50,564,666 1,116,771,774Excess (deficiency) of revenues overexpenditures 8,761,318 - 622,349 (75,069) (69,110) 9,239,488OTHER FINANCING SOURCES (USES):Transfers in 3,572,258 - - 6,857,615 - 10,429,873Transfers out (6,857,615) - - (3,572,258) - (10,429,873)Total other financing sources (uses) (3,285,357) - - 3,285,357 - -Net change in fund balance 5,475,961 - 622,349 3,210,288 (69,110) 9,239,488Fund balances, beginning of year 36,916,713 - 7,563,138 7,367,913 116,966 51,964,730Increase in reserve for inventories 256,633 - - - - 256,633Fund Balances, end of the year $ 42,649,307 $ - $ 8,185,487 $ 10,578,201 $ 47,856 $ 61,460,851The notes to the basic financial statements are an integral part of this statement.WAKE COUNTY BOARD OF EDUCATIONSTATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCEGOVERNMENTAL FUNDSFOR THE YEAR ENDED JUNE 30, 2006135 FY 2007-08 Plan for Student Success