STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2015
11 61 21 51 General Debt Capital
Current Special Service Projects Total
Expense Revenue Fund Fund Governmental
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Revenues:
Property taxes $ 7,046,100 $ – $ 1,158 $ – $ 7,047,258
Other Local sources 362,303 415,795 1 – 778,099
State sources 21,211,900 1,844,986 – 499,014 23,555,900
Federal sources 479,533 4,165,506 – – 4,645,039
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Total revenues 29,099,836 6,426,287 1,159 499,014 36,026,296
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Expenditures:
Instruction 17,762,589 3,270,079 – 692,355 21,725,023
Supporting services:
Students 1,913,614 95,156 – – 2,008,770
Instructional staff 715,316 608,726 – – 1,324,042
General administration 337,560 996 – – 338,556
School administration 1,807,889 812 – – 1,808,701
Central Services 545,390 1,959 – – 547,349
Operation and maintenance of facilities 3,280,262 5,051 – – 3,285,313
Student transportation 3,372,537 600,377 – – 3,972,914
Other support services 14,630 – – – 14,630
Food services – 2,196,389 – – 2,196,389
Capital outlay – – – – –
Debt service:
Principal retirement 149,251 – – – 149,251
Interest and fiscal charges 12,707 – – – 12,707
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Total expenditures 29,911,745 6,779,545 _ 692,355 37,383,645
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Excess (deficiency) of revenues over
expenditures (811,909) (353,258) 1,159 (193,341) (1,357,349)
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Other financing sources (uses):
Proceeds from disposal of real or personal property 25,880 – – – 25,880
Transfers in 78,718 375,538 – 4,593 458,849
Transfers (out) (380,131) (56,140) – (22,578) (458,849)
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Total other financing sources (uses) (275,533) 319,398 – (17,985) 25,880
Net change in fund balances (1,087,442) (33,860) 1,159 (211,326) (1,331,469)
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Fund balances – beginning 1,077,326 563,124 232 211,326 1,852,008
Prior period adjustments – correction of an error
(See Note 13) – – – – –
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Fund balances – beginning, as restated 1,077,326 563,124 232 211,326 1,852,008
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Fund balances – ending $ (10,116) $ 529,264 $ 1,391 $ – $ 520,539
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The notes to the financial statments are an integral part of this statement, however, to conserve space, they are not included in the publication but are available for review at the board office.