ANNUAL AUDIT REPORT - Laserfiche WebLink

Browse Search

Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government -wide financial statement, because the resources of those funds are not available to support the District's own programs. The basic fiduciary fund financial statements can be found on page 24 of this report. Notes to the basic financial statements The notes provide additional information essential to a full understanding of the data provided in the government -wide and fund financial statements. The notes to the basic financial statements can be found on pages 26 - 65 of this report. Q91 ''I'D I i . 104 In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information, which can be found on pages 67 - 77. As noted earlier, net position may serve overtime as a useful indicator of a government's financial position. District assets and deferred outflows of resources exceed liabilities and deferred inflows of resources by $159.0 million at June 30, 2020, as summarized below: Statement of Net Position June 30, Assets: Cash and investments Receivables Other assets Restricted for Section 115 Trust Investment in joint venture - COSCA Capital assets (net of depreciation) Total assets Deferred outflows of resources: Pension related O P E B related Total assets and deferred outflows of resources Liabilities: Accounts payable Other current liabilities Noncurrent liabilities Total liabilities X 2020 353877530 4721920 520,629 812703720 4216523824 91,188, 842 17819831565 11977)256 1471488 18111081309 985, 257 138341093 151571)246 1813901596 2019 3519911724 2351007 6733759 3812113790 94)8011383 169,913,663 71887)314 415041187 18213051164 8841069 116057921 25,765,113 28,255,103