Help for Statement E1 - Analysis of Fund Balance

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School Districts Accounting and Reporting Manual

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(ENTRY 1) L8021

The ending fund balance as of June 2009 as recorded on last year's ST-3 form will be used as the starting fund balance for this year. If this value does not appear, an error occurred in the installing the diskette. Review the diskette installation procedures so that this value will appear. If the fund balance on this line is not correct due to audit or other changes, record the adjustment on line 2.

 

(ENTRY 2) L8012

Specify the necessary adjustments and enter the dollar value of the adjustment to the starting fund balance (if necessary) on line 2.

 

(ENTRY 6) LT5599

The total revenue amount recorded in LT5599 of Schedule E2 will be transferred by the computer program to this line. It is important to complete the revenue schedule prior to completing this statement.

 

(ENTRY 7) LT9999.0

The total expenditure amount recorded in LT9999.0 of Schedule E3 will be transferred by the computer program to this line. It is important to complete the expenditure schedule prior to completing this statement.

 

(ENTRY 8) L8026

This value is computer generated by comparing the fund balance reported on the balance sheet (Exhibit E - LT095) with the ending fund 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) L8029

The ending fund balance is calculated by adding lines 1, 2, 3, 6 and subtracting lines 4, 5, 7. The amount on this line should be the same as the fund balance reported on the balance sheet (Exhibit E - LT095).

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