RECONCILIATION OF BALANCE SHEET FUND BALANCES OF
GOVERNMENTAL FUNDS TO STATEMENT OF NET POSITION
JUNE 30, 2015
Total governmental fund balances $ 520,539
Amounts reported for governmental activities in the
statement of net assets differ due to:
Capital assets used in governmental activities are not
financial resources and, therefore, are not reported in the funds 33,147,100
Property taxes receivable and food service billings receivable
will be collected this year but are not available soon enough
to pay for the current period’s expenditures, and are
therefore deferred in the funds 530,747
Long-term liabilities, including bonds payable, are not due
and payable in the current period and, therefore, are not
reported in the funds
Accrued interest on bonds (3,919)
Capital leases payable (467,404)
_____________
Net position of governmental activites $ 33,727,063
_____________
_____________
The notes to the financial statments are an integral part of this statement, however, to conserve space, they are not included in the publication but are available for review at the board office.