|
NOTE 1 O—NET ASSETS AND FUND BALANCES�CONTINUED�
<br /> Fund balances unreserved at June 30, 2007 are as follow:
<br /> Schedule of Unreserved Fund Balances
<br /> Capital Redevelopment
<br /> General Outlay Agency Non-Maj or
<br /> Fund Fund Fund Funds
<br /> Unreserved and designated for: $ $ $ $
<br /> Subsequent years'expenditures 23,896,029 2,156,367
<br /> Capital projects 10,266,181 12,944,551 16,255,779
<br /> Street projects 3,337,474 339,219
<br /> Sandpiper Park 1,490,884
<br /> Library bequest 68,313
<br /> Retiree medical benefits 1,453,747
<br /> General plan 73,965
<br /> Geographic Information System 16,219
<br /> Unrealized gain 240,480 129,124 119,674
<br /> Total unreserved and designated fund balance 40,827,073 13,429,113 18,531,820
<br /> Undesignated (1,128,958) 7,239,946
<br /> Total unreserved fund balance 40,827,073 13,429,113 (1,128,958) 25,771,766
<br /> C. Reconclllatlon ofGeneral Fi,�rld Fund Balarlce to Governmental Activltles Urlrestricted
<br /> NetAssets
<br /> As of June 3 0, 2007, unrestricted net assets of governmental activities reconciles with the general fund
<br /> fund balance as follows:
<br /> Reconciliation of General Fund Fund Balance
<br /> to Governmental Activities Unrestricted Net Assets
<br /> General Fund Fund Balance $45,004,905
<br /> Add Unrestricted Net Assets of the following funds:
<br /> Capital Proj ects Funds
<br /> Capital Outlay Fund 22,908,053
<br /> Internal Service Funds
<br /> Equipment Services 6,086,672
<br /> Self Insurance 166,430
<br /> Internal Services 598,482
<br /> Employee Benefits 772,471
<br /> Add:
<br /> Accrued Interest Receivable 523,380
<br /> Deferred Revenue 773,280
<br /> Deduct:
<br /> Compensated Absences (7,240,515)
<br /> Debt issued for purposes other than capital assets (7,151,632)
<br /> Unrestricted Net Assets of Governmental Activities $62,441,526
<br /> Funds not listed in the above reconciliation had no unrestricted net assets
<br /> at June 3 0,2007.
<br /> D. De�citFi�nd Equlty/NetAssets
<br /> No funds had a deficit fund balance or net assets.
<br /> 55
<br />
|