Legal Notice
NEW HYDE PARK-GARDEN CITY PARK UNION FREE SCHOOL DISTRICT
Towns of North Hempstead and Hempstead Annual Financial Report Year Ending June 30, 2019
ANALYSIS OF GENERAL FUND BALANCE
Fund Balance—July 1, 2018
10,578,496
Add:
REVENUES
Real Property Taxes
28,046,647
Other Real Property Tax Items
3,597,625
State Sources
6,210,861
Other Sources
1,464,529
TOTAL REVENUES 39,319,662
Less:
EXPENDITURES
General Support
4,801,861
Instruction
20,019,537
Pupil Transportation
889,775
Employee Benefits
9,503,981
Community Service
74,190
Debt Service
2,176,297
TOTAL EXPENDITURES
37,465,641
OTHER FINANCING SOURCES AND USES
Operating transfers in
18,617
Operating transfers out
(589,012)
TOTAL
(570,395)
Fund Balance- June 30, 2019
11,862,122
ANALYSIS OF SCHOOL LUNCH FUND BALANCE
Fund Balance—July 1, 2018
92,654
Add:
Sales
168,084
State/Federal Sources
132,520
Other Sources
405
TOTAL REVENUE
301,009
Less:
Cost of Sales
335,256
Employee benefits
6,927
TOTAL EXPENDITURES
342,183
OTHER FINANCING SOURCES AND USES
Operating transfers in
49,000
TOTAL 49,000
Fund Balance -June 30, 2019
100,480
SPECIAL AID FUND—
ANALYSIS OF REVENUE AND EXPENDITURES
Add:
REVENUES
Local Sources
32,375
State Sources
315,010
Federal Sources
582,930
TOTAL REVENUES
930,315
Less:
EXPENDITURES
General Support
Pupil Transportation
38,454
Instruction
933,918
Employee Benefits
47,955
TOTAL EXPENDITURES
1,020,327
OTHER FINANCING SOURCES AND USES
Operating transfers in
90,012
TOTAL 90,012
Fund Balance June 30, 2019
0
SPECIAL AID FUND—
BALANCE SHEET
JUNE 30, 2019
Cash-unrestricted
9,845
State and Federal Aid
Receivable
257,785
Total Debits
267,630
Accounts Payable
33,538
Due to other govts
2,359
Due to other funds
230,112
Collections in advance
1,621
Total Credits
267,630
TRUST AND AGENCY FUND—CASH BALANCE JUNE 30, 2019
CASH BALANCE—restricted July 1, 2018
283,546
RECEIPTS
22,354,306
DISBURSEMENTS
22,371,013
CASH BALANCE—restricted June 30, 2019
266,839
CAPITAL FUND CASH
BALANCE
CASH BALANCE July 1, 2018
494,966
RECEIPTS
714,664
DISBURSEMENTS (1,385,050)
CASH BALANCE June 30, 2019
2,594,680
CAPITAL FUND-BALANCE SHEET JUNE 30, 2019
Cash-unrestricted
1,009,551
Cash-restricted
1,585,129
Total Debits
2,594,680
Due to other funds
7,601
Fund Balance
2,573,090
Accounts payable
13,989
Total Credits
2,594,680
STATEMENT OF CAPITAL
INDEBTEDNESS
JUNE 30, 2019
BONDS PAYABLE
Library Serial
3,385,000
Construction Serial
5,615,000
Installment Purchase Bus/Van/Skid steer
153,630
TOTAL CAPITAL
INDEBTEDNESS JUNE 30, 2019
9,153,630
STATEMENT OF GENERAL FIXED ASSET ACCOUNTS JUNE 30, 2019
Land
3,142,368
Construction in Progress
1,816,335
Building & Building Improvements
41,591,177
Furniture and Equipment
1,962,468
Licensed Vehicles
630,557
Outdoor Improvements
912,766
50,055,671
Less: Accumulated Depreciation
(17,171,609)
Capital Assets, net
32,884,062
The full text of the annual financial report in the form filed with the State Education Department is available for public inspection during normal business hours at the Business Office of the district located in the Manor Oaks building at 1950 Hillside Ave, New Hyde Park NY 11040
NHP #152268
1x 12/6/2019 #152268
