SOLANCO SCHOOL DISTRICT
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2006
TABLE OF CONTENTS
INTRODUCTORY SECTION
Letter of Transmittal
Certificate of Excellence in Financial Reporting, Association of School Business Officials
Certificate of Achievement for Excellence in Financial Reporting, Government Finance Officers Association
Board of School Directors and Principal Officials
Organizational Chart
Schedule for Curriculum Review Cycle
FINANCIAL SECTION
Independent Auditors' Report
Management's Discussion and Analysis
BASIC FINANCIAL STATEMENTS
Statement of Net Assets - District Wide
Statement of Activities - District Wide
Balance Sheet - Governmental Funds
Reconciliation of the Governmental Funds Balance Sheet to theStatement of Net Assets
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balance to the Statement of Activities
Statement of Net Assets - Proprietary Funds
Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds
Statement of Cash Flows - Proprietary Funds
Statement of Net Assets - Fiduciary Funds
Statement of Changes in Fiduciary Net Assets - Fiduciary Funds
Notes to the Basic Financial Statements
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures, and Changes in Fund Balances –Budget to Actual - General Fund
Notes to Required Supplementary Information
COMBINING INDIVIDUAL FUND SCHEDULES
(SUPPLEMENTAL FINANCIAL INFORMATION):
GENERAL FUND:
Schedule of General Fund Revenues and Other Financing Sources –Budget to Actual Comparison
Schedule of General Fund Expenditures and Other Financing Uses –Budget to Actual Comparison
DEBT SERVICE SUB-FUNDS:
Combining Balance Sheet - Debt Service Sub-Funds
Combining Schedule of Revenues, Expenditures, and Changes in FundBalance - Debt Service Sub-Funds
INTERNAL SERVICE FUNDS:
Combining Schedule of Net Assets - Proprietary Funds
Combining Schedule of Revenues, Expenses, and Changes in FundNet Assets - Proprietary Funds
Combining Schedule of Cash Flows - Proprietary Funds
PRIVATE PURPOSE TRUST FUNDS AND AGENCY FUNDS:
Combining Balance Sheet - Private Purpose Trust Funds
Combining Schedule of Changes in Net Assets –Private Purpose Trust Funds
Combining Schedule of Changes in Assets and Liabilities - Agency Funds
STATISTICAL SECTION
Financial Trends
Net Assets by Component
Changes in Net Assets
Fund Balances of Governmental Funds
Unreserved/Undesignated General Fund Balance as Percentage of BudgetedExpenditures
Changes in Fund Balances of Governmental Funds
General Fund Revenues and Other Financing Sources by Source
General Fund Revenues and Other Financing Sources by Account - Page1 & Page2
General Fund Expenditures and Other Financing Uses by Function
General Fund Expenditures and Other Financing Uses by Sub-Function
Schedule of General Fund Expenditures Per Pupil
Cash Flow Analysis
Revenue Capacity
Real Estate Tax Levy and Property Tax Collections
Occupation, Per Capita and Earned Income Tax Collections
Assessed Value and Estimated Actual Value of Taxable Property
Taxable Assessed and Estimated Actual Property Values
Property Tax Rates - Direct and Overlapping Goverments
Lancaster County School Districts Schedule of Millage Rates
Principal Taxpayers
County of Lancaster Earned Income Tax Statistics
Debt Capacity
Computation of Nonelectoral Debt Margin
Legal Debt Margin Information
Ratio of Annual Debt Service for General Obligation Bonded Debt to Total General Fund Expenditures and Other Financing Uses
Ratio of Annual Debt Service for General Obligation Bonded Debt to Total General Fund Revenues and Other Financing Sources
STATISTICAL SECTION
Ratio of General Obligation Bonded Debt to Taxable Assessed Value, General Obligation Bonded Debt Per Capita, and General Obligation Bonded Debt Per Pupil
Gross Debt Service Schedule
Demographic and Economic Information
Enrollment History and Projections by Instructional Level
Demographic Characteristics by Township
Lancaster County Demographic and Economic Statistics
Lancaster County Principal Employers
PSERS Retirement Rates
Operating Information
Full-Time Equivalent Employees by Function
District Building Information
Capital Assets Statistics by Function/Program
Glossary of Terms
SINGLE AUDIT SECTION
Schedule of Expenditures of Federal Awards
Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards
Report on Compliance with Requirements Applicable to each Major Program and on Internal Control Over Compliance in Accordance with OMB Circular A-133
Schedule of Findings and Questioned Costs
Summary Schedule of Prior Audit Findings
