North Penn School District
GENERAL FUND REPORT
Financials - December 2014
STATEMENT OF REVENUE AND EXPENDITURES
December 1, 2014 ‐ December 31, 2014
Beginning Balance, December 1, 2014
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
$ 1,960,875.55
$ 18,954.44
$ ‐
$ ‐
$ 1,186,238.71
$ 193,295.08
$ 257,114.74
$ 21,050.94
$ 1,928.00
$ 1,285.00
$ ‐
$ 3,636.00
$ ‐
$ 531,541.33
$ 1,165,059.00
Special Education Subsidy
Special Ed Aged Pupil
Transportation Subsidy
Property Tax Reduction Alloc
PA Accountability Grant
State Social Security
Other State Revenue
Federal Revenue Sources
Other Financing Sources
$ ‐
$ ‐
$ 909,504.00
$ ‐
$ ‐
$ 387,123.31
$ 1,419,456.08
$ 266,680.96
$ ‐
Revenue & Beginning Fund Balance
EXPENDITURES
Regular Instruction
Special Education
$ 7,436,516.27
$ 3,382,862.36
Vocational Education
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
$ ‐
$ 16,645.06
$ ‐
$ 3,712.52
$ 625,379.37
$ 495,500.86
$ 982,363.15
$ 222,465.95
$ 263,178.57
$ 1,074,068.03
$ 1,221,529.67
$ 329,920.87
$ 410,258.57
$ 13,418.00
$ 98,955.32
$ ‐
Ending Fund Balance, December 31, 2014
$ 146,709,240.14
$ 8,323,743.14
$ 155,032,983.28
ASSETS
Cash & Cash Equivalents
Investments
Payroll
Tax Escrow Account
Taxes Receivable
Interfund Receivable
State Subsidies Receivable
Federal Subsidies Receivable
Other Accounts Receivable
$ 123,164,398.70
$ 18,198,532.55
$ 25,661.95
$ 3,387,405.15
$ 2,348,771.00
$ 2,152,072.74
$ 3,772,566.31
$ 33,870.00
$ 111,541.33
Blue Cross Deposit & SEPaST
Prescription Trust
Inventory
$ ‐
$ ‐
$ 195,776.61
Total Assets
$ 153,390,596.34
LIABILITIES
Judgments Payables
Accounts Payable
Prior Year Payables
Accrued Salaries, Benefits, Taxes
Deferred Revenues
$ 3,381,265.48
$ 651,519.43
$ 65,050.00
$ 8,234,432.03
$ 2,602,120.69
Less: Total Liabilities
$ 14,934,387.63
Fund Balance‐Non Spendable
Fund Balance‐Blue Cross
Fund Balance ‐ Medical
Fund Balance‐PSERS
Fund Balance‐Unrestricted
$ 204,370.18
$ ‐
$ 2,700,000.00
$ 14,406,187.00
$ 20,755,759.92
Equals: Fund Equity
$ 138,456,208.71
$ 16,576,774.57
$ 138,456,208.71
G:\Business Office\_DirBusiness\FinanceCommittee\2014-2015\GenFundFinRprts2014-15Financial Dec 2014
North Penn School District
TREASURER'S REPORT
GENERAL FUND REVENUE AND EXPENDITURES
December 31, 2014
Period 6
2014-2015 Budget
Period 6
December, 2014-YTD
% of Budget
103.5%
Description
36,793,222.00
38,066,317.10
154,497,868.00
155,428,260.33
1,460,000.00
403,903.11
27.7% Interim Real Estate Tax
103.5% Public Utility Reality Tax
Beginning Fund Balance
100.6% Real Estate Tax
205,210.00
212,371.37
13,900,000.00
7,777,427.27
56.0% Earned Income Tax
2,200,000.00
1,092,850.88
49.7% Real Estate Transfer Tax
1,162,472.77
40.8% Delinquent Taxes
2,850,000.00
2013-2014
Budget
December 31,
2013-YTD
% of Budget
24,427,674.00
33,948,917.20
139.0%
149,022,685.00
148,847,224.31
99.9%
600,000.00
1,616,396.44
269.4%
215,000.00
203,424.46
94.6%
13,000,000.00
7,238,234.41
55.7%
2,000,000.00
1,442,053.24
72.1%
2,800,000.00
1,191,477.67
42.6%
225,000.00
99,616.49
44.3%
80,000.00
58,853.00
73.6%
0.00
23,128.00
0.0%
40.7% Rentals
16,000.00
42,295.46
264.3%
91.6% Tuition
225,000.00
103,474.86
46.0% Interest on Investments
75,000.00
66,691.00
88.9% Athletic Events
153,500.00
53,759.00
35.0% Student Fees
70,000.00
28,486.10
57,850.00
52,971.00
40,000.00
61,637.50
154.1%
451,379.00
634,291.16
140.5% Other Local Revenue
70,210.00
184,069.41
262.2%
41,446,400.00
20,106,864.78
48.5% 7000 State Subsidies
37,899,740.00
18,461,305.35
48.7%
5,485,717.00
1,236,345.20
5,720,609.00
1,072,826.25
18.8%
0.00
36,050.00
124,100.00
0.00
0.0%
22.5% 8000 Federal Subsidies
0.0% 9000 Other Financing Sources
223,077,924.00
188,396,218.83
84.5%
TOTAL RECEIPTS
211,813,344.00
180,542,541.99
85.2%
259,871,146.00
226,462,535.93
87.1%
TOTAL FUNDS AVAILABLE
236,241,018.00
214,491,459.19
90.8%
***EXPENDITURES***
INSTRUCTION
102,000,752.16
35,946,242.67
35.2% 1100 Regular Program
92,718,840.00
33,356,139.51
36.0%
37,886,937.08
13,637,609.71
36.0% 1200 Special Ed Program
34,571,425.00
11,941,052.76
34.5%
3,725,500.00
1,777,332.00
47.7% 1300 Vocational‐Technical
3,679,879.00
1,756,056.50
47.7%
333,756.50
101,026.29
30.3% 1400 Other Instructional Prog.
1,523,172.00
129,416.24
8.5%
11,700.00
0.00
11,700.00
0.00
0.0%
111,035.00
48,484.26
113,404.00
46,115.43
40.7%
144,069,680.74
51,510,694.93
132,618,420.00
47,228,780.44
35.6%
39.9%
0.0% 1500 Nonpublic School Programs
43.7% 1800 Pre School
35.8%
Instruction Sub Total
SUPPORT SERVICES
8,235,291.97
3,241,986.11
39.4% 2100 Pupil Personnel Services
7,687,598.00
3,064,484.12
6,178,828.16
2,728,678.31
44.2% 2200 Instructional Support
5,198,345.00
2,363,321.22
45.5%
12,815,159.79
5,871,889.25
45.8% 2300 Administrative Services
12,670,966.00
5,352,429.99
42.2%
2,629,874.47
961,281.62
36.6% 2400 Pupil Health Services
2,634,486.00
945,001.37
35.9%
3,112,399.36
1,495,230.11
48.0% 2500 Business Services
3,973,640.00
1,121,883.31
28.2%
15,154,134.36
7,108,914.66
46.9% 2600 Operation & Maintenance
14,757,831.00
6,705,015.93
45.4%
14,760,258.93
5,311,771.68
36.0% 2700 Pupil Transportation Svcs
14,452,932.00
5,038,598.15
34.9%
1,798,026.81
840,936.47
46.8% 2800 Data Processing Services
1,572,286.00
766,054.94
48.7%
388,768.44
256,512.23
66.0% 2900 Other Support Services
344,079.00
187,472.11
54.5%
65,072,742.29
27,817,200.44
63,292,163.00
25,544,261.14
40.4%
2,475,501.34
1,208,762.84
2,438,022.00
1,223,844.13
50.2%
69,557.04
3,102.00
59,539.00
5,742.82
9.6%
213,500.00
145,940.80
0.00
207,423.87
0.0%
2,758,558.38
1,357,805.64
2,497,561.00
1,437,010.82
57.5%
29.6%
42.7%
Support Services Sub Totals
NONISTRUCTIONAL SVCS
48.8% 3200 Student Activities
4.5% 3300 Community Services
68.4% 4600 Improvement Exist Building
49.2%
Noninstructional Svc Sub‐Totals
OTHER FINANCING USES
13,985,000.00
4,288,163.06
0.00
3,031,442.94
0.00
1,020.21
30.7% 5100 Debt Service
13,943,289.00
4,123,752.09
0.0% 5200 Fund Transfers
0.00
0.00
0.0%
0.0% 5800 Suspense Account
0.00
544,581.00
0.0%
1,150,000.00
0.00
15,135,000.00
7,320,626.21
48.4%
0.0% 5900 Budgetary Reserve
227,035,981.41
88,006,327.22
38.8%
32,835,164.59
138,456,208.71
2,500,000.00
0.00
0.0%
Other Uses Sub‐Totals
16,443,289.00
4,668,333.09
28.4%
TOTAL EXPENDITURES
214,851,433.00
78,878,385.49
36.7%
Current Ending Fund Balance
21,389,585.00
135,613,073.70
G:\Business Office\_DirBusiness\FinanceCommittee\2014-2015\GenFundFinRprts2014-15Rev-Exp Dec 14