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EXHIBIT A-1 |
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| MIDDLETOWN TOWNSHIP
BOARD OF EDUCATION |
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| STATEMENT OF NET
ASSETS |
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| JUNE 30, 2002 |
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GOVERNMENTAL |
BUSINESS-TYPE |
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ACTIVITIES |
ACTIVITIES |
TOTAL |
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| Assets: |
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| Cash and Cash Equivalents |
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$13,791,181 |
197,354 |
13,988,535 |
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| Receivables, Net |
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2,317,305 |
73,668 |
2,390,973 |
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| Inventory |
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4,515 |
4,515 |
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| Restricted Assets: |
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| Restricted Cash and Cash Equivalents |
19,397,148 |
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19,397,148 |
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| Capital reserve account - cash |
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200,001 |
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200,001 |
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| Capital Assets, Net (Note 4) |
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84,795,449 |
79,500 |
84,874,949 |
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| Total Assets |
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120,501,084 |
355,037 |
120,856,121 |
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| Liabilities: |
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| Cash Deficit |
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767,101 |
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767,101 |
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| Accounts Payable |
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2,856,956 |
85,579 |
2,942,535 |
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| Contracts Payable |
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| Other Liabilities |
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3,632,265 |
79,500 |
3,711,765 |
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| Payable to Federal Government |
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| Payable to State Government |
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69,419 |
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69,419 |
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| Deferred Revenue |
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1,211,659 |
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1,211,659 |
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| Noncurrent Liabilities (Note 5): |
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| Due Within One Year |
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5,029,849 |
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5,029,849 |
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| Due Beyond One Year |
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89,593,796 |
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89,593,796 |
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| Total Liabilities |
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103,161,045 |
165,079 |
103,326,124 |
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| Net Assets: |
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| Invested in Capital Assets, Net of
Related Debt |
(6,044,833) |
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(6,044,833) |
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| Restricted For: |
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| Debt Service |
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52,778 |
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52,778 |
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| Capital Projects |
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16,533,750 |
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16,533,750 |
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| Permanent Endowment - Nonexpendable |
649,376 |
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649,376 |
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| Other Purposes |
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4,942,943 |
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4,942,943 |
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| Unrestricted |
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1,206,025 |
189,958 |
1,395,983 |
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| Total Net Assets |
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$17,340,039 |
189,958 |
17,529,997 |
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| The accompanying
Notes to Financial Statements are an integral part of this statement. |
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