ANALYSIS OF GENERAL FUND BALANCE
Fund Balance – July 1, 2020 $ 14,120,815Add: REVENUES
Real Property Taxes 30,165,002 Other Real Property Tax Items 3,078,133State Sources 6,519,357Federal Sources 14,419Other Sources 1,250,345TOTAL REVENUES 41,027,256Less: EXPENDITURESGeneral Support 4,723,578Instruction 20,266,091Pupil Transportation 822,882Employee Benefits 9,101,073Debt Service 2,181,226TOTAL EXPENDITURES 37,094,850OTHER FINANCING SOURCES AND (USES)Operating transfers in 17,713Operating transfers (out) (644,138)TOTAL (626,425)Fund Balance – June 30, 2021 $ 17,426,796ANALYSIS OF SCHOOL LUNCH FUND BALANCEFund Balance – July 1, 2020 $ 93,554Add: Sales 449State/Federal Sources 167,846Other Sources 61TOTAL REVENUE 168,356Less: Cost of Sales 246,580Employee benefits 7,428TOTAL EXPENDITURES 254,008OTHER FINANCING SOURCES AND (USES)Operating transfers in 68,301Operating transfers (out) -TOTAL 68,301Fund Balance – June 30, 2021 $ 76,203SPECIAL AID FUND – ANALYSIS OF REVENUE AND EXPENDITURESFund Balance – July 1, 2020 $ -Add: REVENUESMiscellaneous 6,615State Sources 339,307Federal Sources 530,947TOTAL REVENUES 876,869Less: EXPENDITURESGeneral SupportPupil Transportation -Instruction 2,408,063Employee Benefits 121,927TOTAL EXPENDITURES 2,529,990OTHER FINANCING SOURCES AND (USES)Operating transfers in 125,837Operating transfers (out) -TOTAL 125,837Fund Balance June 30, 2021 $ (1,527,284)NEW HYDE PARK-GARDEN CITY PARK UNION FREE SCHOOL DISTRICTTowns of North Hempstead and HempsteadAnnual Financial ReportYear Ending June 30, 2021SPECIAL AID FUND – BALANCE SHEET JUNE 30, 2021Cash -unrestricted $ 10,635 Accounts Payable $ 56,904State and Federal AidReceivable 424,767 Due to other govts 624Due from other funds 934,814 Due to other funds 2,836,250Collections in advance 3,722Total Assets $ 1,370,216 Total Liabilities $ 2,897,500CUSTODIAL FUND – CASH BALANCE JUNE 30, 2021CASH BALANCE – restricted July 1, 2020 $ -RECEIPTS 43,999,909DISBURSEMENTS 43,999,909CASH BALANCE – restricted June 30, 2021 $ -CAPITAL PROJECTS FUND CASH BALANCECASH BALANCE July 1, 2020 $ 2,821,037RECEIPTS 580,910DISBURSEMENTS 771,291CASH BALANCE June 30, 2021 $ 2,630,656CAPITAL PROJECTS FUND-BALANCE SHEET JUNE 30, 2021Cash -unrestricted $ 1,089,261 Accounts payable $ 129,869Cash -restricted 1,541,395 Due to other funds 21,910State and federal aidreceivable 406,980 Fund Balance 2,885,857Total Assets $ 3,037,636 Total Liabilities $ 3,037,636STATEMENT OF CAPITAL INDEBTEDNESS JUNE 30, 2021BONDSPAYABLELibrary Serial $ 2,310,000 Construction Serial 2,935,000 Installment Purchase Bus/Van/Skidsteer 76,192TOTAL CAPITAL INDEBTEDNESS JUNE 30, 2021 $ 5,321,192 STATEMENT OF GENERAL FIXED ASSET ACCOUNTS JUNE 30, 2021Land $ 3,142,368Construction in Progress 849,867Building & Building Improvements 43,665,054Furniture and Equipment 1,747,835Licensed Vehicles 630,557Outdoor Improvements 912,76650,948,447Less: AccumulatedDepreciation (19,268,133)CapitalAssets, net $ 31,680,314The full text of the annual financial report in the form filed with the State EducationDepartment is available for public inspection during normal business hours at theBusinessOffice of the district located in the Manor Oaks building at 1950 Hillside Ave,New Hyde Park NY 11040 andcan also be found on the district web site www.nhp-gcp.org.
