June 2007

COMPREHENSIVE ANNUAL FINANCIAL REPORT
OF THE BOYERTOWN AREA SCHOOL DISTRICT, PENNSYLVANIA

FOR THE YEAR ENDED JUNE 30, 2007

TABLE OF CONTENTS

I. Introductory Section
Letter of Transmittal
List of Principal Officials
Boyertown Area School District Organization Chart
GFOA Certificate of Recognition

II. Financial Section
Independent Auditors’ Report 
Management’s Discussion and Analysis (required supplementary information)
   Basic Financial Statements
      Government-Wide Financial Statements
         Statement of Net Assets 
         Statement of Activities
      Fund Financial Statements
        Governmental Fund Financial Statements
            Balance Sheet
            Reconciliation of Total Governmental Fund Balances To Net Assets of Governmental
                Activities 
            Statement of Revenues, Expenditures, and Changes in Fund Balances
            Reconciliation of the Statement of Revenues, Expenditures, and Changes In
                Fund Balances of Governmental Funds to the Statement of Activities
         Proprietary Fund Financial Statements
            Statement of Fund Net Assets
            Statement of Revenues, Expenses, and Changes in Fund Net Assets
            Statement of Cash Flows
         Fiduciary Fund Financial Statements
            Statement of Fiduciary Net Assets
            Statement of Changes in Fiduciary Net Assets
   Notes to the Basic Financial Statements
Required Supplementary Information other than MD&A
   Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual 
   Notes to the Required Supplementary Information – Budget Comparison
Supplementary information 
   Nonmajor Governmental Funds
   Combining Balance Sheet – Nonmajor Governmental Funds
   Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
         – Nonmajor Governmental Funds 
   Agency Funds
   Combining Balance Sheet – All Agency Funds 
   Combining Statement of Changes in Assets and Liabilities – All Agency Funds 
   Private-Purpose Trust Fund
   Combining Schedule of Private-Purpose Trust Fund Subfunds  

III. Statistical Section
   Statistical Section
   Net Assets by Components
   Changes in Net Assets 
   Fund Balances, Governmental Funds 
   Changes in Fund Balances, Governmental Funds 
   Tax Revenues by Source, Governmental Funds 
   Assessed Value and Actual Value of Taxable Property 
   Direct and Overlapping Property Tax Rates 
   Principal Property Taxpayers 
   Property Tax Levies and Collections 
   Ratio of Outstanding Debt by Type 
   Ratio of General Bonded Debt by Type 
   Direct and Overlapping Governmental Activities Debt 
   Legal Debt Margin Information 
   Demographic and Economic Statistics 
   Principal Employers 
   School Building Information 
   Operating Statistics 
   School Lunch Program 
   Professional Teaching Staff 
   Miscellaneous Statistics 1
   Miscellaneous Statistics 2

IV. Single Audit Section
   Schedule of Expenditures of Federal and State Awards 
   Notes to the Schedule of Expenditures of Federal and State Awards 
   Report on Internal Control Over Financial Reporting and on Compliance and Other Matters 
      Based on an Audit of Financial Statements Performed in Accordance
      With Government Auditing Standards
   Report on Compliance with Requirements Applicable to Each Major Program and on
      Internal Control Over Compliance in Accordance With OMB Circular A-133
   Schedule of Findings and Questioned Costs