FY 2009 Comprehensive Annual Financial Report - Harford County ...

Harford County Public Schools
Management's Discussion and Analysis (MD&A)
June 30, 2009
Changes in Net Assets
June 30, 2009 June 30, 2008 $ Change % Change
Revenues
Program revenues
Charges for services $ 10,162,013 $ 10,565,941 $ (403,928) -3.82%
Operating grants 106,729,436 102,131,937 4,597,499 4.50%
Capital grants 104,870,845 101,153,416 3,717,429 3.68%
Local 206,978,734 199,614,800 7,363,934 3.69%
State aid 153,313,189 152,542,286 770,903 0.51%
Federal aid 278,693 339,805 (61,112) -17.98%
Miscellaneous 2,204,316 5,083,332 (2,879,016) -56.64%
Investment earnings 225,730 1,263,370 (1,037,640) -82.13%
Total revenues 584,762,956 572,694,887 12,068,069 2.11%
Expenses
Instruction 367,727,094 346,875,432 20,851,662 6.01%
Administration 16,474,874 15,647,056 827,818 5.29%
Mid level administration 36,854,924 35,357,871 1,497,053 4.23%
Pupil personnel 2,312,317 2,198,027 114,290 5.20%
Health services 5,102,625 4,739,450 363,175 7.66%
Pupil transportation 32,723,827 31,196,815 1,527,012 4.89%
Operation of plant 37,614,013 36,304,436 1,309,577 3.61%
Maintenance of plant 14,521,738 14,527,906 (6,168) -0.04%
Community services 479,717 499,229 (19,512) -3.91%
Food services 15,144,343 14,179,358 964,985 6.81%
Depreciation-unallocated 89,271 89,271 0 0.00%
Total expenses 529,044,743 501,614,851 27,429,892 5.47%
Increase (decrease) in net
assets $ 55,718,213 $ 71,080,036 $ (15,361,823) -21.61%
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