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EXHIBIT B-2 |
| MIDDLETOWN TOWNSHIP
BOARD OF EDUCATION |
| STATEMENT OF
REVENUES, EXPENDITURES, |
| AND CHANGES IN FUND
BALANCES |
| GOVERNMENTAL FUNDS |
| FOR THE YEAR ENDED
JUNE 30, 2002 |
|
|
|
|
|
SPECIAL |
CAPITAL |
DEBT |
|
TOTAL |
|
GENERAL |
REVENUE |
PROJECTS |
SERVICE |
PERMANENT |
GOVERNMENTAL |
|
FUND |
FUND |
FUND |
FUND |
FUND |
FUNDS |
| Revenues: |
|
| Local Tax Levy |
|
$83,026,617 |
|
|
2,138,634 |
|
85,165,251 |
| Tuition Charges |
|
91,460 |
|
|
|
|
91,460 |
| Miscellaneous |
|
1,363,059 |
63,103 |
747,595 |
|
70,161 |
2,243,918 |
| State Sources |
|
23,300,674 |
1,279,553 |
|
1,725,955 |
|
26,306,182 |
| Federal Sources |
|
9,083 |
2,412,460 |
|
|
|
2,421,543 |
|
|
| Total Revenues |
|
107,790,893 |
3,755,116 |
747,595 |
3,864,589 |
70,161 |
116,228,354 |
|
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| Expenditures: |
|
|
| Current: |
|
|
| Regular Instruction |
|
38,023,597 |
1,921,082 |
|
|
|
39,944,679 |
| Special Education Instruction |
8,592,903 |
|
|
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|
8,592,903 |
| Other Special Instruction |
891,688 |
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|
891,688 |
| Other Instruction |
|
1,394,955 |
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|
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|
1,394,955 |
| Support Services & Undistributed
Costs: |
|
|
|
| Tuition |
|
4,330,405 |
|
|
|
|
4,330,405 |
| Attendance & Social Work
Services |
|
35,774 |
|
35,774 |
| Health Services |
|
1,270,930 |
|
1,270,930 |
| Student & Instruction Related
Services |
5,567,030 |
1,654,130 |
|
|
59,900 |
7,281,060 |
| Educational Media Services/School
Library |
|
406,213 |
|
406,213 |
| Instructional Staff Training |
|
149,069 |
|
149,069 |
| School Administrative Services |
2,148,577 |
|
|
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|
2,148,577 |
| Other Administrative Services |
4,455,680 |
|
|
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|
4,455,680 |
| Plant Operations & Maintenance |
9,447,790 |
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9,447,790 |
| Pupil Transportation |
|
7,674,433 |
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|
7,674,433 |
| Business and Other Support Services |
1,670,100 |
|
1,670,100 |
| Unallocated Benefits |
|
15,675,270 |
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|
15,675,270 |
| Debt Service: |
|
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| Principal |
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|
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1,475,000 |
|
1,475,000 |
| Interest |
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|
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|
3,616,495 |
|
3,616,495 |
| Capital Outlay |
|
4,947,919 |
179,904 |
20,322,992 |
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25,450,815 |
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| Total Expenditures |
|
106,682,333 |
3,755,116 |
20,322,992 |
5,091,495 |
59,900 |
135,911,836 |
|
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| Excess/(Deficiency)
of Revenues Over/ |
|
| (Under) Expenditures |
|
1,108,560 |
|
(19,575,397) |
(1,226,906) |
10,261 |
(19,683,482) |
|
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| Other
Financing Sources/(Uses): |
|
| Arbitrage Remittance |
|
|
(1,038,958) |
|
(1,038,958) |
| Transfer to Charter Schools |
(31,160) |
|
(31,160) |
| Increase in Capital Reserve |
|
200,000 |
|
200,000 |
| I.B.N.R. |
|
342,573 |
|
342,573 |
| Transfers In |
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|
|
|
747,595 |
|
747,595 |
| Transfers Out |
|
|
|
(747,595) |
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|
(747,595) |
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| Total
Other Financing Sources & Uses |
511,413 |
|
(747,595) |
(291,363) |
|
(527,545) |
|
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| Net Change in Fund Balances |
1,619,973 |
|
(20,322,992) |
(1,518,269) |
10,261 |
(20,211,027) |
| Fund Balance - July 1 |
|
8,512,359 |
|
36,656,741 |
1,571,047 |
639,115 |
47,379,262 |
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| Fund Balance - June 30 |
|
$10,132,332 |
|
16,333,749 |
52,778 |
649,376 |
27,168,235 |
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