Revenues
| Object Code | Unaudited Actuals | |
|---|---|---|
| Interest Income | 8860 | 87,667 |
| Other Financing Sources | 8900 | 337,864 |
| Bond Proceeds | 8940 | 18,000,000 |
| 18,425,531 |
Expenditures
| Object Code | Unaudited Actuals | |
|---|---|---|
| Elections | 5720 | 78,930 |
| Bond Proceeds Management | 5880 | 335,486 |
| Project Management | 5885 | |
| Project Administration | 5888 | 6,959 |
| Other Services | 5890 | 1,855 |
| Architect & Engineering Fees | 6213 | 35,494 |
| Construction Management Fees | 6216 | 19,753 |
| Other Costs - Planning | 6240 | 5,436 |
| Interfund Transfers-Out | 7390 | 67,924 |
| 551,837 | ||
| Ending Fund Balance | 17,873,694 | |
Notes to the Financial Statements Dated 6/30/05
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 deposited into a trust account to pay for issuance costs. The remaining funds ($435,066.45) were deposited into the Bond Interest and Redemption Fund for future debt service payments.
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. These costs were paid from the trust account established for that purpose (see object 8900 – Other Financing Sources).
Object 5890 – Other Services
These are filing fees and other costs related to forming the School Facilities Improvement District.
Object 6240 – Other Costs - Planning
These are costs for printing, legal ads, plans reproduction and draft exhibits.
Object 7390 – Interfund Transfers Out
This is to reimburse the district’s general fund for project related costs incurred in prior fiscal years per the bond reimbursement resolution. The reimbursement is for legal ads, architect fees and the campus’ share of the master plan costs.