14: (Operation of a proportionally larger cooperative program to transport the District’s students and those of _____ neighboring Districts are included in these financial statements. For fiscal year 20XX, these cooperative revenues totaled $_______, as compared to the preceding year’s revenues of $_______. Expenditures related to the cooperative totaled $________, as compared to the preceding year’s expenditures of $__________.) (The District is a member of the King County Director’s Association (KCDA). KCDA is a purchasing cooperative designed to pool the member districts’ purchasing power. The board authorized joining the association by passing Resolution ______ dated _________, 20__, and has remained in the joint venture ever since. The District’s current equity of $_________ is the accumulation of the annual assignment of KCDA’s operating surplus based upon the percentage derived from KCDA’s total sales to the District compared to all other districts applied against paid administrative fees. The District may withdraw from the joint venture and will receive its equity in ten annual allocations of merchandise or 15 annual payments.) 15: The District’s financial statements include the following amounts presented in the aggregate. Capital Debt Transportation General ASB Projects Service Vehicle Fund Fund Fund Fund Fund Nonspendable Fund Balance Inventory and Prepaid $xx,xxx $xx,xxx Items Restricted Fund Balance For Other $xx,xxx $xx,xxx $xx,xxx $xx,xxx $xx,xxx Items For Fund $xx,xxx $xx,xxx Purpose For Carryover of $xx,xxx Restricted Revenues For Skill $xx,xxx $xx,xxx Centers For $xx,xxx Carryover of
14: (Operation of a proportionally larger cooperative program to transport the District’s students and those of _____ neighboring Districts are included in these financial statements. For fiscal year 20XX, these cooperative revenues totaled $_______, as compared to the preceding year’s revenues of $_______. Expenditures related to the cooperative totaled $________, as compared to the preceding year’s expenditures of $__________.) (The District is a member of the King County Director’s Association (KCDA). KCDA is a purchasing cooperative designed to pool the member districts’ purchasing power. The board authorized joining the association by passing Resolution ______ dated _________, 20__, and has remained in the joint venture ever since. The District’s current equity of $_________ is the accumulation of the annual assignment of KCDA’s operating surplus based upon the percentage derived from KCDA’s total sales to the District compared to all other districts applied against paid administrative fees. The District may withdraw from the joint venture and will receive its equity in ten annual allocations of merchandise or 15 annual payments.) 15: The District’s financial statements include the following amounts presented in the aggregate. General Fund ASB Fund Capital Projects Fund Debt Service Fund Transportation Vehicle Fund Nonspendable Fund Balance Inventory and Prepaid Items $xx,xxx $xx,xxx Restricted Fund Balance For Other Items $xx,xxx $xx,xxx $xx,xxx $xx,xxx $xx,xxx For Fund Purpose $xx,xxx $xx,xxx For Carryover of Restricted Revenues $xx,xxx For Skill Centers $xx,xxx $xx,xxx For Carryover of $xx,xxx
OCBOAF196Notes15-16.docx