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School Districts Accounting and Reporting Manual

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(ENTRY 1) PN8021

Fund Balance as of July 1, 2008. The total combined opening fund balances on July 1, 2008 in the Permanent Fund, the Special Revenue Fund and the Private Purpose Trust Fund must equal the total combined closing fund balances on June 30, 2008 in the Expendable Trust Fund and the Non-Expendable Trust Fund.

 

(ENTRY 6) PNT5599

The total revenue amount recorded in PNT5599 on schedule I2 will be transferred by the computer program to this line. It is important to complete the revenue schedule before completing this statement.

 

(ENTRY 7) PNT9999.0

The total expenditure amount recorded in PNT9999.0 on schedule I2 will be transferred by the computer program to this line. It is important to complete the expenditure schedule before completing this statement.

 

(ENTRY 8) PN8026

This value is computer generated by comparing the fund balance reported on the Balance Sheet (Exhibit I PNT095) with the ending balance on this statement. If the difference is less than 11, a rounding adjustment will be entered so that the two fund balance amounts agree. A difference of 11 or greater will not be adjusted automatically and indicates that the fund balance amounts should be examined.

 

(ENTRY 9) PN8029

The ending fund balance is calculated by adding lines 1, 2, 3, 6 and subtracting lines 4, 5, 7.