Tham khảo tài liệu audit report for the fiscal year ended june 30, 2010 _part2, tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | MEASURE E BOND BUILDING FUND OF BEVERLY HILLS UNIFIED SCHOOL DISTRICT Notes to Financial Statements June 30 2010 NOTE 2 - CASH AND INVESTMENTS continued Credit Risk Credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investments within the Los Angeles County Investment Pool are rated at least A by Moody s Investors Service. Concentration of Credit Risk The investment policy of the District contains no limitations on the amount that can be invested in any one issuer beyond the amount stipulated by the California Government Code. District investments that are greater than 5 percent of total investments are in either an external investment pool or mutual funds and are therefore exempt. NOTE 3 - ACCOUNTS RECEIVABLE Accounts receivable amounting to 214 516 as of June 30 2010 consists of interest earned on the District s investment in the County Treasury. NOTE 4 - CONSTRUCTION COMMITMENTS The Measure E Bond Building Fund had no construction commitments as of June 30 2010. NOTE 5 - MEASURE E GENERAL OBLIGATION BONDS As of June 30 2010 the principal balance outstanding on the District s Measure E general obligation bonds is indicated as follows Date of Issue Interest Rate Maturity Date Amount of Original Issue Outstanding July 1 2009 Additions Deletions Outstanding June 30 2010 Series 2009 1 6 2009 - 8 1 2033 72 044 664 72 044 664 - - 72 044 664 This is trial version MEASURE E BOND BUILDING FUND OF BEVERLY HILLS UNIFIED SCHOOL DISTRICT Notes to Financial Statements June 30 2010 NOTE 5 - MEASURE E GENERAL OBLIGATION BONDS continued Election of 2008 Series 2009 On January 6 2009 Series 2009 bonds of the Measure E bond authorization were issued which consisted of current interest and capital appreciation bonds with an initial par amount of 72 044 664 with stated interest rates
