2008-09 Annual Report - Harford County Public Schools

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2008-09 Annual Report - Harford County Public Schools

HC LIBRARY HCC

152940 76254

ROYAL 4CBLUE

ARC

153942

4C

HCPS Operating Statement

Financial Data Year Ended June 30, 2009

General

Food Capital

Fund

Services Projects

Fund Fund

TOTAL

Governmental

Funds

REVENUES

Local Sources 206,978,734 - 92,470,793 299,449,527

State Sources 229,764,453 283,470 11,830,181 241,878,104

Special State and

Federal Programs

24,356,568 - - 24,356,568

Federal Sources 278,693 5,628,811 - 5,907,504

Earnings on

Investments

225,730 8,995 - 234,725

Charges for Services - 8,058,809 - 8,058,809

Miscellaneous

Revenues

4,307,518 327 569,871 4,877,716

TOTAL REVENUES 465,911,696 13,980,412 104,870,845 584,762,953

EXPENDITURES

Current

Administrative

Services

11,044,007 - - 11,044,007

Mid-level

Administration 25,556,452 - - 25,556,452

Services

Instructional Salaries 168,953,130 - - 168,953,130

Instructional

Textbooks & Supplies

8,404,840 - - 8,404,840

Other Instructional

Costs

3,405,640 - - 3,405,640

Special Education 38,054,045 - - 38,054,045

Student Personnel

Services

1,628,891 - - 1,628,891

Health Services 3,400,241 - - 3,400,241

Pupil Transportation

Services

27,320,853 - - 27,320,853

Operation of Plant 29,063,042 - - 29,063,042

Maintenance of Plant

and Equipment

10,700,958 - - 10,700,958

Fixed Charges 107,605,434 - - 107,605,434

Community Services 428,816 - - 428,816

Special State and

Federal Programs

24,356,568 - - 24,356,568

Cost of Operation

- Food Services

- 14,434,841 - 14,434,841

Capital Outlay 319,546 - 111,524,256 111,843,802

TOTAL

EXPENDITURES

460,242,463 14,434,841 111,524,256 586,201,560

Excess (deficit) of

Revenues Over

Expenditures

5,669,233 (454,429) (6,653,411) (1,438,607)

Other Financing Sources

(uses)

Capital Lease (4,384,000) - 4,384,000 -

Operating Transfers - - - -

Net Change in Fund

Balances

1,285,233 (454,429) (2,269,411) (1,438,607)

Fund Balance -

Beginning July 2008

Decrease in Reserve for

Inventory - U.S.D.A.

Fund Balances at

June 30, 2009

19,088,983 2,456,281 8,071,754 29,617,018

- 64,365 - 64,365

20,374,216 2,066,217 5,802,343 28,242,776

Note 1: General Fund Balance of $20.4 million at June 30, 2009 is comprised of:

Amount allocated to fund FY 2010 Budget - $4.6 million

Amount allocated for health insurance & energy costs - $2.2 million

Amount allocated for unpaid bills at year end - $2.2 million

Amount held in reserve for health insurance & insurance pools - $6.7 million

Undesignated Fund Balance - available for future use - $4.6 million

SOURCE: HCPS Budget Offi ce/Communications Offi ce

6 BOE | DECEMBER 2009

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