SEATTLE SCHOOL DISTRICT NO.1

COMBINED BALANCE SHEET - ALL FUND TYPES AND ACCOUNT GROUPS

AS OF AUGUST 31, 1998 - WITH COMPARATIVE TOTALS FOR AUGUST 31, 1997

FIDUCIARY

GOVERNMENTAL FUND TYPES

FUND TYPES

ACCOUNT GROUPS

TOTALS (MEMORANDUM ONLY)

GENERAL

GENERAL

SPECIAL

DEBT

CAPITAL

FIXED

LONG-TERM

ASSETS & OTHER DEBITS

GENERAL

REVENUE

SERVICE

PROJECTS

TRUST

ASSET

DEBT

AUGUST 31, 1998

AUGUST 31, 1997

Cash & Cash Equivalents

$ 55,729,768

$ 2,358,427

$ 13,628

$ 46,420,001

$ 902,564

$ -

$ -

$ 105,424,388

$ 75,561,435

Investments, at Cost

-

-

-

27,927,845

-

-

-

27,927,845

38,817,665

Receivable, Net

Taxes

36,816,029

-

2,132

27,468,322

-

-

-

64,286,483

66,063,287

Accounts

373,775

-

-

-

-

-

-

373,775

576,236

Due from Other Funds

12,818

-

550,000

3,175,567

-

-

-

3,738,385

1,239,742

Due from Other Governments

5,792,679

-

-

-

-

-

-

5,792,679

4,814,912

Inventory, at Cost

1,748,919

-

-

-

-

-

-

1,748,919

1,715,306

Prepaid Expenditures

60,000

-

-

-

-

-

-

60,000

960

Fixed Assets

-

-

-

-

-

359,032,633

-

359,032,633

285,389,275

Amount Available in Debt Service Fund

-

-

-

-

-

-

563,628

563,628

12,655

Amount to be Provided for

Retirement of General Long-Term Debt

-

-

-

-

-

-

26,262,961

26,262,961

18,523,370

TOTAL ASSETS & OTHER DEBITS

100,533,988

2,358,427

565,760

104,991,735

902,564

359,032,633

26,826,589

595,211,696

492,714,843

LIABILITIES, FUND EQUITY & OTHER CREDITS

Vouchers & Accounts Payable

10,514,102

149,687

-

16,397,786

13,675

-

-

27,075,250

7,269,634

Unemployment Payable

378,000

-

-

-

-

-

-

378,000

357,120

General Liabilities

2,626,606

-

-

-

-

-

-

2,626,606

3,063,904

Industrial Insurance Payable

2,235,000

-

-

-

-

-

1,292,000

3,527,000

2,642,501

Long-Term Bank Loan

-

-

-

-

-

-

10,000,000

10,000,000

-

Vacation Leave Payable

-

-

-

-

-

-

3,252,374

3,252,374

3,184,690

Sick Leave Payable

-

-

-

-

-

-

12,282,215

12,282,215

14,601,335

Accrued Salaries/Deduction Payable

20,672,751

-

-

-

-

-

-

20,672,751

24,622,357

Deferred Revenues

37,851,115

-

2,132

27,468,322

-

-

-

65,321,569

67,018,735

Due To: Other Funds

3,725,567

12,818

-

-

-

-

-

3,738,385

1,239,742

Refundable Deposits

529,196

-

-

430

-

-

-

529,626

85,788

TOTAL LIABILITIES

78,532,337

162,505

2,132

43,866,538

13,675

-

26,826,589

149,403,776

124,085,806

FUND EQUITY & OTHER CREDITS

Investment in General Fixed Assets

-

-

-

-

-

359,032,633

-

359,032,633

285,389,275

Fund Balance:

Reserved for Scholarship

-

-

-

-

695,251

-

-

695,251

691,672

Reserved for Prepaid Expenditures

60,000

-

-

-

-

-

-

60,000

960

Reserved for Inventory

1,748,919

-

-

-

-

-

-

1,748,919

1,715,306

Unreserved

Designated for Insurance

1,012,700

-

-

-

-

-

-

1,012,700

1,012,700

Designated for Contingencies

368,119

-

-

-

-

-

-

368,119

368,119

Designated for Energy Conservation

2,590,000

-

-

-

-

-

-

2,590,000

2,590,000

Designated for Debt Service

10,000,000

-

-

-

-

-

-

10,000,000

-

Undesignated and Unreserved

6,221,913

2,195,922

563,628

61,125,197

193,638

-

-

70,300,298

76,861,005

TOTAL EQUITY & OTHER CREDITS

22,001,651

2,195,922

563,628

61,125,197

888,889

359,032,633

-

445,807,920

368,629,037

TOTAL LIABILITIES, EQUITY &

OTHER CREDITS

$ 100,533,988

$ 2,358,427

$ 565,760

$ 104,991,735

$ 902,564

$ 359,032,633

$26,826,589

$ 595,211,696

$ 492,714,843

The accompanying notes are an integral part of the financial statements.