North Penn School District
GENERAL FUND REPORT
Financials - July 2015
STATEMENT OF REVENUE AND EXPENDITURES
July 1, 2015 ‐ July 31, 2015
Beginning Balance, July 1, 2015*
REVENUE
Current Real Estate
Interim Real Estate
Public Utility R.E. Tax
Payments in Lieu of Tax
Earned Income Tax
Real Estate Transfer Tax
Delinquent Real Estate Tax
Interest Earnings
Athletic Events
Student Fees
Tuition from Patrons
Rentals
Service Local Gov LEAS
Other Local Revenue
Basic Instructional Subsidy
$ 12,077,560.85
$ 300.00
$ ‐
$ ‐
$ 397,122.57
$ ‐
$ 174,698.17
$ 17,576.65
$ ‐
$ ‐
$ ‐
$ 5,325.70
$ ‐
$ 43,785.84
$ ‐
Special Education Subsidy
Special Ed Aged Pupil
Transportation Subsidy
Property Tax Reduction Alloc
PA Accountability Grant
State Social Security
State Retirement
Other State Revenue
Federal Revenue Sources
Other Financing Sources
$ ‐
$ ‐
$ ‐
$ ‐
$ ‐
$ (3,894.24)
$ (12,504.52)
$ ‐
$ ‐
$ ‐
Revenue & Beginning Fund Balance
EXPENDITURES
Regular Instruction
Special Education
Vocational Education
$ 1,081,049.10
$ 440,427.99
$ 861,588.25
Other Instructional Programs
Nonpublic School Programs
Preschool Programs
Pupil Personnel Services
Instructional Support Services
Administrative Services
Pupil Health Services
Business Services
Operations, Maint, Grounds
Pupil Transportation
Other Support Services
Noninstructional Services
Capital Project
Other Finance
Fringe Benefits Suspense
$ 24,004.59
$ ‐
$ ‐
$ 192,602.90
$ 155,571.51
$ 706,473.56
$ 16,926.76
$ 201,801.17
$ 1,142,654.39
$ 487,493.36
$ 170,328.54
$ 81,949.89
$ ‐
$ 2,636.63
$ ‐
Ending Fund Balance, July 31, 2015
$ 36,838,194.75
$ 12,699,971.02
$ 49,538,165.77
ASSETS
Cash & Cash Equivalents
Tax Escrow Account
Payroll
Investments
Taxes Receivable
Interfund Receivable
State Subsidies Receivable
Federal Subsidies Receivable
Other Accounts Receivable
Blue Cross Deposit & SEPaST
Prescription Trust
Inventory
Prepaid Expenses
$ 9,960,971.13
$ 3,387,127.67
$ 25,661.95
$ 45,025,931.93
$ 2,348,771.00
$ 520,450.44
$ 3,781,394.23
$ 27,555.60
$ 229,076.76
$ ‐
$ ‐
$ 131,126.90
$ 22,742.18
Total Assets
$ 65,460,809.79
LIABILITIES
Interfund Payables
Accounts Payable
Prior Year Payables
Judgements Payables
Accrued Salaries, Benefits, Taxes
Deferred Revenues
$ 2,606,974.19
$ 426,278.10
$ 35,582.00
$ 3,381,265.48
$ 12,418,832.14
$ 2,619,220.75
Less:Total Liabilities
$ 21,488,152.66
Fund Balance‐Inventory
Fund Balance‐Blue Cross
Fund Balance ‐ Medical
Fund Balance‐PSERS
Fund Balance‐Unrestricted
$ 204,370.18
$ ‐
$ 2,700,000.00
$ 14,406,187.00
$ 19,527,637.57
Equals: Fund Equity
$ 43,972,657.13
$ 5,565,508.64
$ 43,972,657.13
* - July 1 beginning balance adjusted for 2014-15, period 13, transactions
G:\Business Office\_DirBusiness\FinanceCommittee\2015-2016\GenFundFinRprts2015-16.xlsxFinancial July 2015
North Penn School District
TREASURER'S REPORT
GENERAL FUND REVENUE AND EXPENDITURES
July 31, 2015
Period 1
2015-2016 Budget
Period 1
July, 2015-YTD
35,750,328.00
36,838,194.75
159,791,009.00
12,077,560.85
1,010,000.00
300.00
210,000.00
0.00
15,000,000.00
397,122.57
2,200,000.00
2,600,000.00
225,000.00
0.00
174,698.17
17,576.65
% of Budget
103.0%
Description
2014-2015 Budget
% of Budget
36,793,222.00
42,489,185.63
115.5%
154,497,868.00
15,682,072.01
10.2%
1,460,000.00
0.00
0.0%
205,210.00
0.00
0.0%
13,900,000.00
866,594.79
6.2%
0.00
0.0%
Beginning Fund Balance
7.6% Real Estate Tax
July, 2014-YTD
0.0% Interim Real Estate Tax
0.0% Public Utility Reality Tax
2.6% Earned Income Tax
0.0% Real Estate Transfer Tax
2,200,000.00
6.7% Delinquent Taxes
2,850,000.00
7.8% Interest on Investments
225,000.00
179,195.29
6.3%
7,942.49
3.5%
75,000.00
0.00
0.0% Athletic Events
150,000.00
0.00
0.0% Student Fees
75,000.00
0.00
0.0%
153,500.00
0.00
0.0%
70,000.00
5,325.70
7.6% Rentals
70,000.00
5,293.75
7.6%
57,850.00
0.00
0.0% Tuition
57,850.00
45,620.50
78.9%
2,722,710.00
43,785.84
1.6% Other Local Revenue
451,379.00
3,393.70
0.8%
45,271,319.00
-16,398.76
0.0% 7000 State Subsidies
41,446,400.00
331,134.34
0.8%
3,173,995.00
0.00
0.0% 8000 Federal Subsidies
5,485,717.00
159,052.09
2.9%
0.00
0.00
0.0% 9000 Other Financing Sources
0.00
0.00
0.0%
232,556,883.00
12,699,971.02
5.5%
TOTAL RECEIPTS
223,077,924.00
17,280,298.96
7.7%
268,307,211.00
49,538,165.77
18.5%
TOTAL FUNDS AVAILABLE
259,871,146.00
59,769,484.59
23.0%
0.7%
***EXPENDITURES***
INSTRUCTION
105,791,293.26
1,081,049.10
1.0% 1100 Regular Program
102,000,752.16
763,003.07
40,700,482.07
440,427.99
1.1% 1200 Special Ed Program
37,886,937.08
312,416.02
0.8%
3,633,934.00
861,588.25
23.7% 1300 Vocational‐Technical
3,725,500.00
851,903.00
22.9%
389,118.00
24,004.59
333,756.50
23,027.46
6.9%
0.00
0.00
0.0% 1500 Nonpublic School Prog.
11,700.00
0.00
0.0%
103,887.00
0.00
0.0% 1800 Pre School
111,035.00
0.00
0.0%
150,618,714.33
2,407,069.93
144,069,680.74
1,950,349.55
1.4%
2.2%
6.2% 1400 Other Instructional Prog.
1.6%
Instruction Sub Total
SUPPORT SERVICES
8,534,113.00
192,602.90
2.3% 2100 Pupil Personnel Services
8,235,291.97
184,622.17
6,832,655.60
155,571.51
2.3% 2200 Instructional Support
6,178,828.16
153,505.61
2.5%
12,504,597.44
706,473.56
5.6% 2300 Administrative Services
12,815,159.79
693,069.65
5.4%
2,824,387.02
16,926.76
2,973,466.52
201,801.17
0.6% 2400 Pupil Health Services
2,629,874.47
14,242.06
0.5%
6.8% 2500 Business Services
3,112,399.36
105,062.69
3.4%
15,760,108.90
1,142,654.39
13,999,318.46
487,493.36
7.3% 2600 Operation & Maint.
15,154,134.36
1,100,762.08
7.3%
3.5% 2700 Pupil Transportation Svcs
14,760,258.93
382,163.14
2,395,610.16
170,325.69
2.6%
7.1% 2800 Data Processing Services
1,798,026.81
108,830.93
392,088.13
2.85
6.1%
388,768.44
57.67
66,216,345.23
3,073,852.19
0.0%
65,072,742.29
2,742,316.00
4.2%
2,900,856.87
81,949.89
78,661.43
0.00
0.0% 3300 Community Services
2,475,501.34
45,248.44
1.8%
69,557.04
0.00
0.00
0.00
0.0% 4600 Improve Exist Building
0.0%
213,500.00
0.00
0.0%
2,979,518.30
81,949.89
2,758,558.38
45,248.44
1.6%
0.0% 2900 Other Support Services
4.6%
Support Services Sub Totals
NONISTRUCTIONAL SVCS
2.8% 3200 Student Activities
2.8%
Noninstructional Svc Sub‐Totals
OTHER FINANCING USES
14,349,850.00
2,636.63
13,985,000.00
0.00
0.0%
0.00
0.00
0.0% 5100 Debt Service
0.0% 5200 Fund Transfers
0.00
0.00
0.0%
0.00
0.00
0.0% 5800 Suspense Account
0.00
0.00
0.0%
1,000,000.00
0.00
0.0% 5900 Budgetary Reserve
1,150,000.00
0.00
0.0%
15,349,850.00
2,636.63
0.0%
Other Uses Sub‐Totals
15,135,000.00
0.00
0.0%
235,164,427.86
5,565,508.64
2.4%
TOTAL EXPENDITURES
227,035,981.41
4,737,913.99
2.1%
33,142,783.14
43,972,657.13
Current Ending Fund Balance
32,835,164.59
55,031,570.60
G:\Business Office\_DirBusiness\FinanceCommittee\2015-2016\GenFundFinRprts2015-16.xlsxRev-Exp July 15
8/27/2015 8:58 AM