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GASB Statement 54

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.

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GASB Statement 54

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  1. GASB Statement 54 Effective June 30, 2011 Fund Balance Reporting

  2. GASB Statement 54 Effects all Government Funds • General Fund • Management Fund • Student Activity Fund • Physical Plant and Equipment (PPEL) • Sales Tax Fund

  3. GASB Statement 54

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  14. RECOMMENDATIONS Committed Vs Assigned Board: Committed Superintendent: Assigned Dir of Business Affairs: Assigned

  15. GENERAL FUND Committed: Board Goals-Regarding unspent balance and solvency ratio (need board resolution) Donation with a specific purpose Assigned: Resale Accounts PTA/PTO Accounts Book Fair Accounts Vending Accounts Library Fines/Fees ID Card Accounts Accounts

  16. STUDENTACTIVITY Assigned: Student clubs/class accounts Student resale accounts Sport camps account

  17. MANAGEMENT FUND Unassigned PHYSICAL PLANT & EQUIPMENT (PPEL) Assigned by project

  18. Sales Tax Fund Committed: Will need board resolution Assigned by project 6/30/2012 Attendance Center Solution 1,073,705.00 4th Street Expansion Escrow 81,013.70 Total 1,454,718.70

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