Revenues
| Object Code | 4/21/2005 - 6/30/2005 | 7/1/2005 - 12/31/2005 | Project Totals | |
|---|---|---|---|---|
| Interest Income | 8860 | 87,667 | 214,312 | 301,979 |
| Unrealized Gain/Loss on Inv | 8861 | (43,079) | (43,079) | |
| Other Financing Sources | 8900 | 337,863 | 337,863 | |
| Bond Proceeds | 8940 | 18,000,000 | 18,000,000 | |
| 18,382,451 | 214,312 | 18,596,763 |
Expenditures
| Object Code | 4/21/2005 - 6/30/2005 | 7/1/2005 - 12/31/2005 | Project Totals | |
|---|---|---|---|---|
| Program Software | 4415 | 13,539 | 13,539 | |
| Office Supplies | 4550 | 59 | 59 | |
| Copying and Printing | 4555 | 16 | 16 | |
| Elections | 5720 | 78,930 | 78,930 | |
| Bond Proceeds Management | 5880 | 335,485 | 335,485 | |
| Project Administration | 5888 | 6,959 | 9,991 | 16,950 |
| Other Services | 5890 | 1,855 | 2,263 | 4,118 |
| Surveying Costs | 6127 | 19,774 | 19,774 | |
| Architect & Engineering Fees | 6213 | 35,493 | 328,058 | 363,551 |
| Construction Management Fees | 6216 | 19,753 | 19,753 | |
| Other Costs - Planning | 6240 | 5,437 | 5,437 | |
| Interfund Transfer Out | 7390 | 67,924 | 67,924 | |
| 551,836 | 373,700 | 925,536 | ||
| Ending Fund Balance | 17,830,615 | 17,671,227 | 17,671,227 | |
Notes to the Financial Statements Dated 12/31/2005
Object 8861 – Unrealized Gain/Loss on Investments
Generally Accepted Accounting Principles require us to reflect the gain or loss in market value of our investments on the financial statements. This is booked as part of our year end adjustments and then reversed in the next year.
Object 8900 – Other Financing Sources
The selling price of the bonds was higher than the face value of the bonds by $772,930.00. Of this amount, $337,863.55 was retained in the construction fund in order to pay for the costs of issuing the bonds. The remaining funds were deposited into the Bond Interest and Redemption Fund for future debt service payments.
Object 4415 – Program Software
The district purchased a seven year license for Constructware, a construction management web based application. The annual cost is divided each year amongst the various construction projects being managed by the software.
Object 5720 – Elections
This represents SFID #2’s share of the amount invoiced by the Placer County and Nevada County Clerk’s offices to the District for election services for the November 2, 2004 General Election.
Object 5880 – Bonds Proceeds Management
This represents the cost of issuing the bonds and includes such fees as bond insurance, bond counsel and underwriting (see object 8900 – Other Financing Sources).
Object 5888 – Project Administration
This is for fiscal oversight/management of the bond funds as well as the project’s share of Constructware administration.
Object 5890 – Other Services
For fiscal year 2005, these are filing fees and other costs related to forming the School Facilities Improvement District. For the current year, these are travel costs for the Constructware trainers to conduct on-site training for the program users. These costs were allocated amongst the various projects that will use Constructware.
Object 6216 – Construction Management Fees
Amounts paid to Vanir Construction Management for their assistance in the selection of the architect firm.
Object 6240 – Other Costs Planning
These are costs for printing, legal ads, plans reproduction and draft exhibits.
Object 7390 – Interfund Transfers Out
Reimbursement to the general fund for project expenses incurred in prior fiscal years.
| Other Costs – Planning | $ 61 |
(legal ads) |
|---|---|---|
| Architect Fees | $58,272 |
|
| Total | $67,924 |