Summary of Fiscal Year 1999

Audit Report of the Middletown

Township School District

Monmouth County, New Jersey as

Required by N.J.S. 18A:23-4

June 30, 1999

					Proprietary	Fiduciary	Account Groups
	Governmental Fund Types				Fund Types	Fund Types		General	Totals
		Special	Capital	Debt		Trust and	General	Long-Term	(Memorandum Only)
Assets and Other Debits	General	Revenue	Projects	Service	Enterprise	Agency	Fixed Assets	Debt	1999	1998
										(as restated)
Assets
Cash and cash equivalents	$3,112,585	$312,740	$82,268,439		$242,917	$2,828,550			$ 88,765,231	$ 88,530,994
Intergovernmental accounts receivable:
State	473,703	10,539			1,272				485,514	194,304
Federal		217,495			14,712				232,207	15,486
M.O.E.S.C.		28,116							28,116	49,134
Interfunds receivable	1,055,378			$6,706,554	7,768	34,172			7,803,872	2,775,918
Other accounts receivable	341,915				11,295				353,210	84,231
Inventories					5,186				5,186	20,035
Fixed assets (net, enterprise fund accumulated depreciation of $160,637)					62,995		$47,869,138		47,932,133	43,410,533
Total assets	4,983,581	568,890	82,268,439	6,706,554	346,145	2,862,722	47,869,138		145,605,469	135,080,635
Other debits
Amount available in debt service fund								$ 2,568,150	2,568,150	1,732,255
Amount to be provided for retirement of general long-term debt								82,411,056	82,411,056	83,816,528
Total other debits								84,979,206	84,979,206	85,548,783
Total assets and other debits	$4,983,581	$568,890	$82,268,439	$6,706,554	$346,145	$2,862,722	$47,869,138	$84,979,206	$230,584,675	$220,629,418

See accompanying notes.

					Proprietary	Fiduciary	Account Groups
	Governmental Fund Types				Fund Types	Fund Types			General	Totals
		Special	Capital	Debt		Trust and	General	Long-Term		(Memorandum Only)
Liabilities, Equity and Other Credits	General	Revenue	Projects	Service	Enterprise	Agency	Fixed Assets	Debt		1999	1998
											(as restated)
Liabilities