Solanco School District
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2007
Table of Contents
INTRODUCTION SECTION
- Letter of Transmittal I -1 to I -11
- Certificate of Excellence in Financial Reporting, Association of School Business Officials International I-12
- Certificate of Achievement for Excellence in Financial Reporting, Government Finance Officers Association I-13
- Board of School Directors and Principal Officials I-14
- Organizational Chart I-15
- Schedule for Curriculum Review Cycle I-16
FINANCIAL SECTION
BASIC FINANCIAL STATEMENTS
- Statement of Net Assets -Total Primary Government F-28 toF -29
- Statement of Activities -Total Primary Government F -30
- Balance Sheet -Governmental Funds F -31
- Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets F -32
- Statement of Revenues, Expenditures, and Changes in Fund Balances -Governmental Funds F-33 to F-34
- Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities F35 to F36
- Statement of Net Assets -Proprietary Funds Statement of Revenues, Expenses, and Changes in Fund Net Assets -Proprietary Funds F -38
- Statement of Cash Flows -Proprietary Funds F-39 to F -40
- Statement of Net Assets -Fiduciary Funds F -41
- Statement of Changes in Fiduciary Net Assets -Fiduciary Funds F -42
- Notes to the Basic Financial Statements F -44 to F -69
REQUIRED SUPPLEMENTARY INFORMATION
- Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual -General Fund F-72 to F73
- Notes to Required Supplementary Information F -74
COMBINING INDIVIDUAL FUND SCHEDULES
(SUPPLEMENTAL RNANCIAL INFORMATION)
GENERAL FUND
- Schedule of General Fund Revenues and Other Financing Sources - Budget to Actual Comparison F -76 to F -77
- Schedule of General Fund Expenditures and Other Financing Uses - Budget to Actual Comparison F -78 to F -83
DEBT SERVICE SUB-FUNDS
- Combining Balance Sheet -Debt Service Sub-Funds F - 85 to F -86
- Combining Schedule of Revenues, Expenditures, and Changes in Fund Balance -Debt Service Sub-Funds F -87
PROPRIETARY FUNDS -INTERNAL SERVICE FUNDS
- Combining Schedule of Net Assets -Proprietary Funds F -89
- Combining Schedule of Revenues, Expenses, and Changes in Fund Net Assets -Proprietary Funds F -90
- Combining Schedule of Cash Flows -Proprietary Funds F -91
PRIVATE PURPOSE TRUST FUNDS AND AGENCY FUNDS
- Combining Schedule of Net Assets -Private Purpose Trust Funds F -94 to F -97
- Combining Schedule of Changes in Net Assets -Private Purpose Trust Funds F -98 to F -101
- Combining Schedule of Changes in Assets and Liabilities -Agency Funds F -102
STATISTICAL SECTION
FINANCIAL TRENDS
- Net Assets by Component S -2
- Changes in Net Assets S-3 toS-5
- Fund Balances of Governmental Funds S -6
- Unreserved/Undesignated General Fund Balance as Percentage of Budgeted Expenditures S -7
- Changes in Fund Balances of Governmental Funds S -8
- General Fund Revenues and Other Financing Sources by Source S -9
- General Fund Revenues and Other Financing Sources by Account S-10 toS-11
- General Fund Expenditures and Other Financing Uses by Function S -12
- General Fund Expenditures and Other Financing Uses by Sub-Function S -13
- Schedule of Cost Per Student Based on Total Primary Government Expense S -14
- Schedule of General Fund Expenditures Per Student Based on Governmental Fund Expenditures S -15
- Cash Flow Analysis S -16
REVENUE CAPACITY
- Property Tax Levy and Collections S -17
- Occupation, Per Capita, Earned Income and Property Tax Collections S -18
- Assessed Value and Estimated Actual Value of Taxable Property S -19
- Taxable Assessed and Estimated Actual Property Values S -20
- Property Tax Rates -Direct and Overlapping Governments S -21
- Lancaster County School Districts Schedule of Millage Rates S -22
- Principal Taxpayers S -23
- County of Lancaster Earned Income Tax Statistics S -24
DEBT CAPACITY
- Schedule of Direct and Overlapping Debt S -25
- Computation of Non electoral Debt Margin S -26
- Legal Debt Margin Information S -27
- Ratio of Annual Debt Service for General Obligation Bonded Debt to Total General Fund Expenditures and Other Financing Uses S -28
- Ratio of Annual Debt Service for General Obligation Bonded Debt to Total General Fund Revenues and Other Financing Sources S -29
- Ratio of General Obligation Bonded Debt to Taxable Assessed Value, Bonded Debt Per Student General Obligation Bonded Debt Per Capita, and General Obligation S -30
- Gross Debt Service Schedule S -31
Demographic and Economic Information
- Enrollment History and Projections by Instructional Level S - 32
- Demographic Characteristics by Township S -33 to S -34
- Lancaster County Demographic and Economic Statistics S- 35
- Lancaster County Principal Employers S -36
- PSERS Retirement Rates S -37
Operating Information
- Full-Time Equivalent Employees by Function S - 38
- District Building Information S -39
- Capital Assets Statistics by Function/Program S -40
- Schedule of Insurance Policies S -41 to S-42
- Glossary of Terms S -44 to S -49
SINGLE AUDIT SECTION
- Schedule of Expenditures of Federal Awards SA -2 to SA -4
- Notes to Schedule of Expenditures of Federal Awards SA -5
- Report on Internal Control Over Financial Repotting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards SA -6 to SA -7
- Report on Compliance with Requirements Applicable to each Circular A-133 Major Program and on Internal Control Over Compliance in Accordance with OMB SA -8 to SA -9
- Schedule of Findings and Questioned Costs SA -10 to SA -11
- Summary Schedule of Prior Audit Findings SA -12
- Corrective Action Plan SA -13 to SA -14
