Notice is hereby given that the fiscal affairs of the Port Washington Union Free School District for the period beginning on July 1, 2021 and ending on June 30, 2022, have beenexamined by an independent public accountant, and that the report, prepared in conjunction with the external audit by the independent public accountant, has been placed on ourwebsite www.portnet.org and also filed in my office where it is available as a public record for inspection by all interested persons. Pursuant to ß35 of the General Municipal Law,the Board of Education of the Port Washington Union Free School District may, in its discretion, prepare a written response to the report of external audit by the independent publicaccountant and file any such response in my office as a public record for inspection by all interested persons no later than December 10, 2022.Ruth SmithDistrict ClerkPort Washington UFSDPORT WASHINGTON UNION FREE SCHOOL DISTRICT BALANCE SHEET – GOVERNMENTAL FUNDSJune 30, 2022SchoolSpecial Miscellaneous DebtGeneral Lunch Aid Special Revenue Service Capital TotalAssetsCash and Cash Equivalents $ 16,050,516 $ 454,628 $ 195,544 $ $ $ $ 16,700,688Restricted Cash and Cnsh Equivalents $ 12,161,008 163,407 17,634,144 29,958,559Investments – Restricted 97,149 97,149ReceivablesOther Governments 3,999,200 541,660 2,884,929 7,425,789Due from Other Funds 3,466,303 166,243 3,632,546Other Receivables 38,850 29,900 68,750Inventory 28,379 28,379Prepaid Items 2,190,975 2,190,975Total Assets $ 37,906,852 $ 1,024,667 $ 3,110,373 $ 260,556 $ 166,243 $ 17,634,144 $ 60,102,835LiabilitiesPayablesAccounts Payable$ 1,306,558 $ 197,974 $ 52,896 $ $ $ 1,770,772 $ 3,328,200Accrued Liabilities3,919,94917,7303,937,679Other Liabilities31,60931,609Due ToOther Governments 776,715 423 777,138Other Funds 2,998,065 634,481 3,632,546Teachersí Retirement System 7,487,891 7,487,891Employees; Retirement System 457,476 457,476Short-Term Notes PayableBond Anticipation NoteUnearned Revenue 48,251 69,549 41,682 159,482Total Liabilities $ 14,028,449 $ 267,946 $ 3,110,373 $ $ $ 70,347,451 $ 87,754,219Fund BalanceNon-Spendable $ 2,190,975 $ 28,379 $ $ $ $ $ 2,219,354Restricted 12,161,008 260,556 166,243 2,480,733 15,068,540Assigned 2,533,028 728,342 3,261,370Unassigned (Deficit) 6,993,392 (55,194,040) (48,200,648)Total Fund Balances (Deficit) $ 23,878,403 $ 756,721 $ $ 260,556 $ 166,243 $ (52,713,307) $ (27,651,384)Total Liabilities, Deferred Inflows of Resources,and Fund Balances $ 37,906,852 $ 1,024,667 $ 3,110,373 $ 260,556 $ 166,243 $ 17,634,144 $ 60,102,835
Port Washington Union Free School District
