gasb statement 54
DESCRIPTION
GASB Statement 54. Effective June 30, 2011 Fund Balance Reporting. GASB Statement 54. Effects all Government Funds General Fund Management Fund Student Activity Fund Physical Plant and Equipment (PPEL) Sales Tax Fund. GASB Statement 54. GASB Statement 54. GASB Statement 54. - PowerPoint PPT PresentationTRANSCRIPT
GASB Statement 54
Effective June 30, 2011
Fund Balance Reporting
GASB Statement 54
Effects all Government FundsGeneral FundManagement FundStudent Activity FundPhysical Plant and Equipment
(PPEL)Sales Tax Fund
GASB Statement 54
GASB Statement 54
GASB Statement 54
GASB Statement 54
GASB Statement 54
GASB Statement 54
GASB Statement 54
GASB Statement 54
GASB Statement 54
GASB Statement 54
GASB Statement 54
RECOMMENDATIONS
Committed Vs Assigned Board: Committed Superintendent: Assigned Dir of Business Affairs: Assigned
GENERAL FUND
Committed:Board Goals-Regarding unspent balance and solvency ratio (need board resolution)
Donation with a specific purpose
Assigned:Resale Accounts PTA/PTO AccountsBook Fair Accounts Vending AccountsLibrary Fines/Fees ID Card Accounts Accounts
STUDENT ACTIVITY
Assigned:Student clubs/class accountsStudent resale accountsSport camps account
MANAGEMENT FUND
Unassigned
PHYSICAL PLANT & EQUIPMENT (PPEL) Assigned by project
Sales Tax FundCommitted:
Will need board resolutionAssigned by project
6/30/2012Attendance Center Solution 1,073,705.004th Street Expansion Escrow 81,013.70Total 1,454,718.70