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EXHIBIT A-2 |
| MIDDLETOWN TOWNSHIP
BOARD OF EDUCATION |
| STATEMENT OF
ACTIVITIES |
| FOR THE YEAR ENDED
JUNE 30, 2002 |
|
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|
PROGRAM REVENUES |
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|
|
CHARGES |
OPERATING |
CAPITAL |
|
BUSINESS- |
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|
FOR |
GRANTS & |
GRANTS & |
GOVERNMENTAL |
TYPE |
|
| FUNCTIONS/PROGRAMS |
EXPENSES |
SERVICES |
CONTRIBUTIONS |
CONTRIBUTIONS |
ACTIVITIES |
ACTIVITIES |
TOTAL |
|
|
| Governmental Activities: |
|
| Instruction: |
|
|
| Regular |
$39,944,679 |
|
1,921,082 |
|
(38,023,597) |
|
(38,023,597) |
| Special Education |
8,592,903 |
|
|
|
(8,592,903) |
|
(8,592,903) |
| Other Special Instruction |
891,688 |
|
|
|
(891,688) |
|
(891,688) |
| Other Instruction |
1,394,955 |
|
|
|
(1,394,955) |
|
(1,394,955) |
| Support Services & Undistributed Costs: |
|
|
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|
|
| Tuition |
4,330,405 |
|
|
|
(4,330,405) |
|
(4,330,405) |
| Attendance & Social Work Services |
35,774 |
|
(35,774) |
|
(35,774) |
| Health Services |
1,270,930 |
|
(1,270,930) |
|
(1,270,930) |
| Student & Instruction Related Services |
7,281,060 |
|
1,654,130 |
|
(5,626,930) |
|
(5,626,930) |
| Educational Media Services/School Library |
406,213 |
|
(406,213) |
|
(406,213) |
| Instructional Staff Training |
149,069 |
|
(149,069) |
|
(149,069) |
| School Administrative Services |
2,148,577 |
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|
(2,148,577) |
|
(2,148,577) |
| Other Administrative Services |
4,455,680 |
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|
(4,455,680) |
|
(4,455,680) |
| Plant Operations & Maintenance |
9,447,790 |
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|
|
(9,447,790) |
|
(9,447,790) |
| Pupil Transportation |
7,674,433 |
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|
(7,674,433) |
|
(7,674,433) |
| Business and Other Support Services |
1,670,100 |
|
(1,670,100) |
|
(1,670,100) |
| Unallocated Benefits |
15,675,270 |
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(15,675,270) |
|
(15,675,270) |
| Transfer to Charter Schools |
31,160 |
|
(31,160) |
|
(31,160) |
| Interest on Long-Term Debt |
3,616,495 |
|
1,725,955 |
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(1,890,540) |
|
(1,890,540) |
| Reduction of Capital Leases |
(3,321,005) |
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|
3,321,005 |
|
3,321,005 |
| Reduction of Arbitrage Liability |
1,038,958 |
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(1,038,958) |
|
(1,038,958) |
| Unallocated Depreciation |
1,434,028 |
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(1,434,028) |
|
(1,434,028) |
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| Total Governmental Activities |
108,169,162 |
|
5,301,167 |
|
(102,867,995) |
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(102,867,995) |
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| Business-Type Activities: |
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| Food Service |
1,735,205 |
1,567,691 |
264,243 |
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96,729 |
96,729 |
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| Total Business-Type Activities |
1,735,205 |
1,567,691 |
264,243 |
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96,729 |
96,729 |
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| Total Primary Government |
$109,904,367 |
1,567,691 |
5,565,410 |
|
(102,867,995) |
96,729 |
(102,771,266) |
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General Revenues: |
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Taxes: |
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Property Taxes, Levied for General
Purposes, Net |
$83,026,617 |
|
83,026,617 |
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Taxes Levied for Debt Service |
|
2,138,634 |
|
2,138,634 |
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Federal & State Aid Not
Restricted |
23,426,558 |
|
23,426,558 |
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Tuition Received |
|
91,460 |
|
91,460 |
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Investment Earnings |
|
5,012 |
5,012 |
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Miscellaneous Income |
|
2,243,918 |
|
2,243,918 |
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Reduction of Compensated
Absences |
601,975 |
|
601,975 |
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Increase in Capital
Reserve |
|
200,000 |
|
200,000 |
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Increase in IBNR |
|
342,573 |
|
342,573 |
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Total General Revenues,
Special Items, |
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Extraordinary Items & Transfers |
112,071,735 |
5,012 |
112,076,747 |
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Change In Net Assets |
|
9,203,740 |
101,741 |
9,305,481 |
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Net Assets - Beginning |
|
8,136,299 |
88,217 |
8,224,516 |
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Net Assets - Ending |
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$17,340,039 |
189,958 |
17,529,997 |
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