Source: October 7, 2015 Read More →

HAMPSHIRE COUNTY BOARD OF EDUCATION

STATEMENT OF NET POSITION JUNE 30, 2015
Governmental
Activities
__________________________________________________________________
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES

Assets:
Cash and cash equivalents    $      4,093,687
Investments    1,419
Taxes receivable, net of allowance for uncollectible taxes    228,342
Deposit with Retirement Board    20,672
Food service receivable    183,261
Other receivables    469,699
Prepaid Workers’ Compensation    60,532
Prepaid Expenses    79,253
Due from other governments:
PEIA allocation receivable    453,962
Reimbursements receivable    562,040
Capital Assets:
Land    1,322,173
Buildings and improvements    40,963,007
Furniture and equipment    4,191,719
Vehicles    6,086,147
Construction in process
Less accumulated depreciation    (19,415,946)
_____________
Total capital assets, net of depreciation    33,147,100
_____________
Total assets    39,454,745
_____________
Deferred outflows of resources:    –
_____________
Total deferred outflows of resources    –
_____________

Total assets and deferred outflows of resources    $   39,454,745
_____________
_____________

LIABILITIES, DEFERRED OUTFLOWS OF RESOURCES, AND NET POSITION

Liabilities:
Salaries payable and related payroll liabilities    $     3,034,482
PEIA premiums payable    463,923
Accounts payable    612,436
Other post employment benefit payable    1,142,314
Accrued Food Service Collections    3,204
Long-term obligations:
Due within one year:
Bonds, capital leases, and contracts    154,794
Accrued interest    3,919
Due beyond one year:
Bonds, capital leases, and contracts    312,610
_____________
Total liabilities    $     5,727,682
_____________

Deferred inflows of resources:    –
_____________
Total deferred inflows of resources    –
_____________
Total liabilities and deferred inflows of resources    $     5,727,682
_____________
_____________

Net Position:
Net Investment in Capital Assets     $   32,679,696
Restricted for:
Debt service    1,391
Special projects    529,264
Capital projects    –
Unrestricted     516,712
_____________
Total net position    $    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.