South Pasadena USD 2007 Audit Report

SOUTHASADENANIFIEDSCHOOLISTRICTCOUNTYFOSNGELESSOUTHASADENA,ALIFORNIAAUDITEPORTJune0,007SOUTHASADENANIFIEDCHOOLISTRICTAUDITEPORTJune0,007CONTENTS PageFINANCIALECTION Independentuditors’ eport................................................................................................... .......................1Management’siscussionnd nalys is..........................................................................................................3Basicinancialtatements:Governmentideinancialtatements:Statementfet ssets........................................................................................................ ......................13Statementf Activities........................14Fundinancialtatements:Balanceheet Governmentalunds............................................................................................. .........15ReconciliationfheovernmentalundsalanceheetoheStatementfet ssets ...............16Statementfevenues,xpenditures,ndhangesnundBalancesovernmental unds.................................................................................................. .......17Reconciliationfheovernmentalundstatementfevenues,Expenditures,ndhangesnundalances tohetatement fctivities ..............................18Statementfundetssets roprietary Funds...............................................................................19Statementfevenues,xpenditures,ndhangesnundNetssets ...