Description of Funds

  • Major Governmental Funds

    General Fund (Fund 01)

    The General Fund is used to account for education activities, district instructional and student support programs, general and administration expenditures, normal operations and maintenance, and state approved school district expenditures not specifically designated to be accounted for in any other fund.

    Food Service Fund (Fund 02)

    The Food Service Fund includes activities for the purpose of preparation and service of milk, meals, and snacks in connection with school and community service activities. This fund’s revenues and expenditures must be kept separate from the General Fund.

    Community Education Fund (Fund 04)

    The Community Education Fund is comprised of three components, each with its own fund balance. The three components are Community Service, Community Education, and Early Childhood Family Education (ECFE). This fund’s revenues and expenditures must be kept separate from the General Fund.

    Building Construction Fund (Fund 06)

    Bond proceeds and project expenditures from the $495,000 Capital Facilities Bonds issued by the school board in October of 2003 must be kept separate from all other funds. Proceeds from these bonds went towards parking lot repairs at the Jr. High School, Sr. High School and roof repair at Kennedy Elementary School. This fund is now at a $0 balance.

    Debt Service Fund (Fund 07)

    The Debt Service Fund is used for repayment of principal and interest on district debt. Expenditures and revenue in the fund are fixed according to debt payment schedules and voter-approved tax levy. This fund’s revenues and expenditures must be kept separate from the General Fund.

     

    Proprietary Fund

    Private Purpose Trust Fund - Scholarship Fund (Fund 08)

    The Scholarship Fund accounts for gifts and bequests that are to be used for scholarships.

     

    Fiduciary Fund

    Internal Service Fund (Fund 20)

    The Internal Service Fund accounts for the District's dental self-insurance program. The self-insurance costs are charged to the various funds based on established premium rates.