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