GASB 54: Fund Equity Accounts For the past three years School Finance has been actively communicating with Districts on the need to accurately report fund equity accounts per GASB Statement 54. – and be in sync with your audit/ Bolded Fund Equity Accounts are shown in detail in the Chart of Accounts Accuracy of reporting the correct Fund Equity accounts is a FY12-13 Pipeline data review item. If GASB54 misreporting in Pipeline data is the only review issue identified you can address/correct in FY13-14. If there are multiple review items identified which require submission of revised data, you will be asked to correct the fund equity accounts. 1

GASB 54: Balance Sheet Codes 6000-6999 Below are the approved Fund Equity Accounts. If you and/or your auditor believe you have miscoded data, please contact Adam Williams, Yolanda Lucero or Kirk Weber to discuss. FUND EQUITY 6710 Non-spendable Fund Balance 6720 Restricted Fund Balance 6721 Tabor 3% Emergency Reserve 6722 TABOR Multi Year Obligations 6723 District Emergency Reserve (Letter of Credit or Real Estate) 6724 Colorado Preschool Program (CPP) Reserve 2

GASB 54: Balance Sheet Codes 6000-6999 6725 Full Day Kindergarten Reserve 6726 Risk-Related / Restricted Capital Reserve 6727 BEST Capital Renewal Reserve 6750 Committed Fund Balance 6760 Assigned Fund Balance 6770 Unassigned Fund Balance 6790 Invested in Capital Assets, Net of Related Debt: used only with Proprietary Funds 6791 Restricted Net Assets: used only with Proprietary Funds 6792 Unrestricted Net Assets: used only with Proprietary Funds 6880 Prior-Period Adjustment 3

GASB 54: Balance Sheet Codes 6000-6999 6770 Unassigned Fund Balance 6792 Unrestricted Net Assets: used only with Proprietary Funds 4