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Home My WebLink About96-06192 GREENAWALT & COMPANY, P.C. J"M~ F. LVONS 1l0WARD R GRUNAWALf CREEDON ft. tlOftMAN MICIIAfl J MAnU! JUUN II KUN{.LER DEBORAH J. KFlL Y R A t>RI:ENAWAlT (I'J~~I?II'1 A. A Rf.IDI/'IIGt'R IRrnRFUI C fOW ARD ROGUS. JR CERTIFIED PUBLIC ACCOUNTANTS P,O, 80, 6 400 WEST MAl" SmEET MECHANICSBURO, PENNSYLVANIA 17055 17171768''''83 FMom 7<<'8.2731 01 WEST POMFRIIT STJlEF)' CARt.&f. PA 17'1'111 (7I7IlH'''11l fAX \'111 1'M 'Hll INDEPENDENT AUDITORS' REPORT Board of School Directors Mechanicsburg Area School District Mechanicsburg, Pennsylvania We have audited the accompanying general purpose financial statements of Mechanicsburg Area School District as of June 30, 1996, and for the year then ended. These financial statements are the responsibility of the District's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards and Government Auditing Standards issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our npinion, the accompanying general purpose financial statements present fairly, in all material respects, the financial position of Mechanicsburg Area School District at June 30, 1996. the results of its operations and the cash flows of its Food Service Fund for the year then ended, in conformity with generally accepted accounting principles. Our audit for the year ended June 30, 1996 was conducted for the purpose of forming an opinion on the general purpose financial statements of Mechanicsburg Area School District taken as a whole. The supplementary information is presented for purposes of additional analysis and is not a required part of the general purpose financial statements. Such information has been subjected to the same auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is fairly stated in all material respects in relation to the general purpose financial statements taken as a whole. In accordance with Government Auditing Standards. we have also issued a report dated July 25, 1996, on our consideration of Mechanicsburg Area School District's internal control structure and a report dated July 25, 1996, on its compliance with laws and regulations. ~ au-Jd/ ! C(7?YI.;,?I2A-7// A (, GREENAWALT & COMPANY. P.C. Mechanicsburg, Pennsylvania July 25, 1996 . 1 - MEMBERS _ AMERICAN INSTtTlJTE Of CERTIFrED rtJ8L1C ACCOUNTANTS _ PENNSYLVANIA TNSTTTUTE OF CERTIFIED PUBLIC ACCotlNTANTS "" III Proprietery Fund 1'voe Food Service Fiduciarv Fund Tvoes Trust and A2ency ~ities Account Grouns General General Long. Fixed Assets Term Debt $ 82,490 $ $ 210,315 $ 58,779 $ 31,463 161,611 19,686,952 20.317.499 $ 275.564 $ .0. $ 269.094 $ 19.686.952 $ 20.317.499 $ $ $ $ $ 28,396 85,807 269,094 17.823 11,880,132 8.437.367 132.026 .0. 269.094 .0. 20.317.499 19,686,952 161,611 (18,073) 143.538 .0. .0. 19.686.952 .0. $ 275.564 $ .0. $ 269.094 $ 19.686.952 $ 20.117.499 MECHANICS BURG AREA SCHOOL DISTRIGT COMBINED STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BAU.NCES ALL GOVERNMENTAL FUND TYPES YEAR ENDED JUNE 30, 1996 Athletic Capital General ASRoclatLon Conn true t LOll Reserve Revenue Local sources $ 16,761,528 $ 66,681 $ 87,659 $ 60,662 State sources 6,883,278 Federal sources 127,961, Refund of prior years' expenditures 10,259 1,575 Incoming transfers 1,6.011, 30.500 850.000 Total revenue 23.829.01.3 ') 7 ..ill 87.659 912.237 Expenditures Instruction 15,001,108 Support services 6,615,226 Operation of noninstructional services 557,385 102,023 Facilities acquisition, construction and improvement services 1,690,658 188,444 Other financing uses 1,515,430 Transfers to other funds 1.033.792 58.219 72.829 Total expenditures 24.722.91,1 102.023 1.71.8.877 261. 273 Exces s (deficiency) of revenue over expenditures (893,898) (11,81,2) (1,661,218) 650,964 Fund balance, beginning 3.788.638(1) 5.128 2.550.466 648.463 Fund balance, ending $ 2 . 89'~. 7'.0 $ 266 $ 689.248 $ 1. 299 .427 (1) Rost",ted The accompanying notes are an integral part of these financial statements. . 3 . Athletic Association Variance Favorable Actual Bud~et (Unfavorable) $ 66,681 $ 50,750 $ 15,931 30.500 97.181 45 . 000 114.50Q) 95.750 1.431 102,023 95.750 (6,273) 102.023 95.750 (6.273) (4,842) -0- (4,842) 5.128 .0- 5.128 $ 286 $ ...0- $ 286 ,.., ... MECHANICSBURG AREA SCHOOL DISTRICT STATEMENT OF CASH FLOWS ALL PROPRIETARY FUND TYPES YEAR ENDED JUNE 30, 1996 Net cash used in operating activities Food Service $ (425,057) 13,823 55,932 153,292 3,213 367 2,930 2,122 (00) 1193.678) 174.173 10.663 (8,842) 91. 332 $ _ 82 ,490 Operating activities Operating 1nss Adjustments to reconcile operating loss to net cash used in operating activities Depreciation Donated commodities consumed Services contributed by General Fund Decrease (increase) in Accountq receivable Inventory Increase (decrease) in Due to other funds Deferred revenue Compensated absences Noncapita1 financing activitie$ Subsidies Investing activities Earnings on investments Net decresse in cash and cash equivalents Cash and cash equivalents, beginning Cash and cash equivalents, ending The accompanying notes are an integral part of these financial statements. . 6 . MECHANICS BURG AREA SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS JUNE 30, 1996 1. Reporting entity Mechanicsburg Area School District is the level of government which has oversight responsibility and control over activities related to public school education. The report includes services provided by the District to residents within its boundaries: the Cwnberland County communities of Upper Allen Township, Shiremanstown and Mechanicsburg Borough, Services provided include a comprehensive curriculum for primary and secondary education as well as special education and vocational education programs. The District receives revenue from local, state and federal sources and must comply with the requirements of these funding sources. Criteria established in Governmental Accounting Standards Board Statement Number 14 were used in determining the entities to be included in the reporting entity. These criteria it.clude basic items such as financial interdependency, selection of governing authority. designation of management, ability to significantly influence operations, accountability for fiscal matters, scope of public service and special financing relationships. All operations of the District are included in the reporting entity. There are no component units that meet the above criteria for inclusion in this reporting entity. However. the District is a participant in three jointly. governed operations, each of which is a separate legal entity that offers educational services to the District and its residents. Each entity serves several school districts. so the following entities are not included in this reporting entity. Capital Area Intermediate Unit provides special education services and programs. Cumberland-Perry Area Vocational.Technical School provides vocational and technical education services and programs. Harrisburg Area Community College provides community college education services and programs. 2, Summary of significant accounting policies The accounts of Mechanlcsburg Area School District are maintained on the basis of accounting practices prescribed or permitted by the Manual of Accounting and Related Financial Procedures for Pennsylvania School Systems, issued by the Pennsylvania Department of Education in accordance with the provisions of the School Laws of Pennsylvania. These practices, as applied by the District, are in conformity with generally accepted accounting principles as applicable to governmental units. A summary of the more significant accounting policies is as follows: Fund accounting .... The accounts of the District are organized on the basis of fund types and account groups. Each fund type may consist of several different funds. Each fund is a separate entity accounted for by a separace set of self.balancing accounts which comprise its assets, liabilities, fund balance/retained earnings, revenues and expenditures/expenses, as appropriate. . 7 v MECHANICS BURG AREA SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS (Cont'd.) JUNE 30, 1996 2. Summary of significant accounting policies (Cont'd.) Fund accounting (Cont'd.) The fund types and account groups utilized by Mechanicsburg Area School District are as follows: Governmental Fund Tvoes . These are the funds through which most governmental functions are provided. The acquisition, use and balances of the District's expendable financial resources and related llabilities (except those accounted for in proprietary funds) arc accounted for through governmental funds. General Fund . ThE. General Fund is used to account for all financial resources except those required to be accounted for in another fund. The majority of District activities, including instruction, administration and other services are accounted for in this fund. Construction Funds . The Construction Funds are used to account for the proceeds of bond issues and their corresponding expenditures. The fund balances at June 30, 1996 will be used for capital improvements. Capital Reserve Fund . The Capital Reserve Fund is used to account for special capital projects. Special Revenue Fund. Special Revenue Funds are used to account for the proceeds of specific revenues that are restricted to expenditures for specified purposes. The Athletic Association Fund is a Special Revenue Fund. Proorietarv Fund Tvoe . These funds account for operations that are financed and operated in a manner similar to private busine<ls enterprises: Food Service Fund . The Food Service Fund is used to account for the financial transactions associated with the operations of the cafeterias. Fiduciarv Fund Tvoe (Trust and A~encv Funds) . These funds are used to account for assets held by a governmental unit in a trustee capacity or as an agent for other funds: Activity Fund. Accounts for programs operated and sponsored by various clubs and organizations within the schools. Payroll Fund. The Payroll Fund accounts for salaries earned by District employees. It processes payments to the employees. . 8 - MECI1ANICSBURG AREA SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS (Cont'd,) JUNE 30, 1996 2. Summary of significant accounting policies (Cont'd.) Fund accounting (Cont'd.) Account Crollos . These account groups are not funds, They are only concerned with the measurement of financial position and are not involved with the measurement of results of operations. General Fixed Assets . General Fixed Assets account for the District's investment in fixed assets. Depreciation is not computed on general fixed assets. General Long.Term Debt . Ceneral obligation bonds payable in future years are recorded as District indebtedness. Interest on long. term debt is recorded when such interest is due. Accumulated compensated absences, other than those reflected I,n the General and Food Service Funds, are also accounted for in this grollp of accounts. Basis of presentation The accounting and financial presentation methods applied by the different fund types are based on their measurement focus, which determir.es when revenues and expenditures are recognized. Governmental Fund Tvoes . These funds are accounted for using a "current financial resources" measurement focus, which is a modified accrual method. Revenues are recorded when susceptible to accrual (both measurable and available). Available means collected within the current period or soon enough thereafter to pay current liabilities. Expenditures are generally recognized when the related fund liability is incurred. Exceptions to this general rule include principal and interest on general long. term debt which is recognized when due. Disbursements for inventory type items and prepaid expenses are considered expenditures at the time of purchase. Proorieta rv Fund Tvoes . The Food Service Fund uses the .. flow of economic resources'l measurement focus t which is a full accrual method. Donated commodities are inventoried aC an estimated cost value when received. Inventories (valued on the first.in, first.out method) are recorded as an asset, and the portion represented by donated commodities is recorded as deferred revenue. Food service equipment is capitalized, with depreciation (computed on the straight. line method using an estimated useful life of 12 years) recorded as an operating expense. The equipment (net of accumulated depreciation) is offset by a reserved portion of retained earnings. . 9 . MECllr\N ICSIlURG AREA SCHOOL OISTRiCT NOTES TO FINANCIAL STATEMENTS (Cont'd.) JUNE 30, 1996 2. Summary of sIgnificant accountIng polIcIes (Cont'd.) Basis of presentation (Cont'd.) Compensated absences are recognIzed as operating expenses and the cumulatIve amount is recorded as a lIabIlity within the Fund. The liability is offset by a reduction In the reserved portIon of retained earnIngs. Flduciarv Fund Tvoes (Trust and Ap.ency Funds) .. Thoso funds usa a modIfied accrual method. They are custodIal in nature (assets equal liabilities), and are not involved with the measurement of results of operations (revenues and expendItures). Account Groups' Land, buildings and equipment are presented at cost. Depreciation is not computed on these assets. Long.term debt Is offset by an amount to be provided by future taxation or other revenue sources. Bonds payable in future years are recorded as District debt. The DIstrIct's portion of bonds issued by the authority are included in che General Long-Term Debt group of accounts on the District's balance sheet. Interest on bonds is recognized when such interest is due. Interest on Capital Appreciation Bonds is accreted annually and added to the amount of bonds outstanding. Compensated absences are presented using the vesting method. Unused vacation leave is minimal. Sick leave is granted as appropriate, and medical evidence may be required. Provision is made annually in the budget for the cost of substitute personnel. There is limited payment for accumulated sick leave at the time of retirement. The gross amount of uncompensated absences is recorded in the General Long.Term Debt group of accounts, General Fund and Food Service Fund. Budgets The District adopts, prior to the beginning of each fiscal year, an annual budget for the General Fund and Athletic Fund. A part of this budget process is the adoption of local tax rates, subject to various legal restrictions. The District approves subsequent budget revisions (primarily transfers between expenditure categories), as necessary. Unused appropriations expire at the end of the year. Revenue .. Local sources Real estate, resIdence and occupation taxes are levIed as of July 1 with a log.11, enforceable claim agaInst the taxpayer and/or property. These taxes are recognizable as current revenue when received by the DIstrIct during the fiscal year and also estimated to be received by the District withIn sixty days after the close of the fiscal year. Those currently levler! taxes whlch are not estimated to be receIved by the DistrIct withIn sixt~ days after the close of the current fiscal year are recorded as deferred revenue. An allowance for uncollectibles is recorded for taxes levIed for the current fiscal year and deemed to be of doubtful collectIon In the current and subsequenc fiscal years. . 10 . MECHANICSBURG AREA SCIIOOL DISTRICT NOTES TO FINANCIAL STATEMENTS (Cont'd.) JUNE 30, 1996 3. Cash and temporary investmencs (Cont'd.) Carrying Bank Value Balance Insured $ 100,000 $ 100,000 Collateral held in District's name .0. ,0. Collateral not held in District's name (66.390) 244 142 . 33,610 344,142 Pooled investment (treasury management account) 1.336.955 1. 336.955 $ 1.370.565 $ 1.681.097 For purposes of the Food Service Fund statement of cash flows, cash consists of a checking and savings account, as the Fund does not have any cash equivalents. Investments of the District at June 30, 1996 include the following: PA Treasurer's Investment Program tor Local Governments Gertificates of deposit Pennsylvania School District Liquid Asset Fund Pennsylvania Local Government Investment Trust $ 907,853 58,779 2,016,042 2.307.808 $ 5.290.482 The investments are categorized as follows: Insured or federal guaranty Collateral held in District's name Collateral not held in District's name $ .0. -0. 58.779 58,779 5.231.703 Pooled investments $ 5.290.482 The types of authorized investments are limited by state regulations. The investments market value approximates cost due to the short. term nature of the investments. Investment policies followed during the year did not significantly alter the categorization of investments shown above. . 12 . MECHANICSfiURG AREA SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS (Cont'd.) JUNE 30, 1996 4. Accounts receivable General Fund accounts receivable at June 30, 1996 consist of the following: Subsidies Due from other governmental units Other $ 364,323 5)1,,208 11.115 $ 909 . 646 5. Delinquent taxes receivable Delinquent taxes receivable at June 30, 1996 include real estate taxes of $ 376,775 and per capita, residence and occupation taxes of $ 178,742. An allowance for uncollectible taxes of $ 262,517 has been established at June 30, 1996. In addition, $ 256,300 in tax revenue has been deferred in accordance with school tax accounting policies. 6. Property, plant and equipment The schedule below presents estimated historical cost of property, plant and equlpment. These amounts were obtained, in the most part, from a valuation report prepared as of .June 30, 1994 and updated by management to June 30, 1996. It includes equipment held in the Food Service Fund. Julv 1. 1995 Additions Deletions June 30. 1996 Land $ 400,963 $ $ $ 400,963 Land improvements 1,059,340 1,059,340 Buildings 10,479,168 1,950,724 12,429,892 Equipment 5.262.985 787.361 (46.623) 6.003.723 $ 17.202.456 $ 2.738.085 $ (46.623) $ 19.893.918 7, Bonds payable A summary of changes in bonds payable for th~ year ended June 30, 1996 is as follows: Beeinnlne Additions Payments Endine General Obligation Bonds: Series of 1992 $ 8,11.7,807 $ 492,325(n)$ 1,050,000 $ 7,590,132 Series of 1993 1,.515.000 .0. n 5 . 000 4.290.000 $ 12.662.807 $ 1,92.325 $ 1. 275 .000 $ 11.880.132 (a) Represents accreted interest on Capital Appreciation Bonds. - 13 . MECHANICS BURG AREA SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS (Cont'd.) JUNE 30, 1996 7. Bonds payable (Cont'd.) The Series of 1993 General Obligation Bonds are due semi -annually through September 1, 2009, ane! have an average coupon rate of 1,,858%. The Series of 1992 General Obligation Bonds consist of Capital Apprec iation Bonds. Interest accreted through the M,1rch 1 payment date of each year on the Capital Appreciation Bonds is added to the carrying value. The bonds are due semi.annually through September 1, 2005 and have an average coupon rate of 6.23%. The beginning halance was restated to include the appreciation ef the bonds from inception until June 30, 1995. Future maturities and debt service requirements are as fellows: Series of Serles of 1991 1992 Capital Appreciation ~ TotaL Princioal Interest Bonds III 1996.1997 $ 1,449,623 $ 230,000 $ 194,623 $ 1,025,000 1997.1998 1,446,888 235,000 186,88B 1,025,000 1998.1999 1,1.48,243 245,000 178,243 1,025,000 1999.2000 1,448,738 255,000 168,738 1,025,000 2000.2001 1,448,266 265,000 158,266 1,025,000 2001,2010 8.899.803 3.060.000 764.803 5 .0 75 . 000 Totals $ 16.141.561 $ 4.290.000 $ 1.651.561 $ 10.200.000 (1) Reflects final maturity value of Capital Appreciation Bonds, 8. Contribution to Food Service Fund "Contribution to Food Service Fund" for the year ended June 30, 1996 includes the following estimated expenses charged to the Food Service Fund and paid through the General Fund: Custodian wages Hauling and cleaning Employee benefits Utilities and fuel Administrative salaries Social security subsidy Retirement subsidy $ 11,851 7,7 80 12,501 57,602 69,5"'. (3,111.) 12 .872) $ 153.292 ..., . II. . -..J MECIIANICSBURG AREA SCIIOOL DISTRICT NOTES TO FINANCIAL STATEMENTS (Cant'd.) JUNE 30, 1996 11. Compensated absences (Cont'd.) Changss in compensated absences wore as follows: Administrators Teachers Support staff $ 1,043,lB9 7,029,283 373.630 Not Chnnee June 30. 1996 $ 62,261. $ 1,105,453 267,922 7,297,205 l338.921) 34.709 $ (8.735) $ 8.437.367 .July 1. 1995 $ 8.41.6.102 12. Pension plan All full time District employees and part time employees with at least 80 days or 500 hours of service yearly, are eligible to participnte in The Public School Employees' Retirement System of Pennsylvnnia ("System"), a cost-sharing multiple' employer defined benefit pension plan. Employees who retire at age 62, or age 60 with 30 years of service, or with 35 years of service regardless of age, are entitled to a retirement benefit, payable monthly for life, equal to 2\ of their final average salary times years of service. Benefits vest on reaching 10 years of service. The System also provides for early retirement at age 55 and for death and disability benefits. Also, health insurance premium assistance of $ 55 per month is provided for qualified retirees. Covered employees are required by State statute to contribute a percentage of their salary to the plan. This percentage is 5,25\ for employees hired before July 1983, and 6.25\ for employees hired after that dnte. The District's contribution as a percentage of salaries wns 11.72\ for the year ended June 30, 1996 and will be 10.60\ effective July 1996. The District's contribution for the year was $ 1,596,718. The pension benefit obligation, which is the actuarial present value of credited projected benefits, is a standardized disclosure measure of the present value of pension benefits, adjusted for the effects of projected salary increases snd any step-rate benefits, estimated to be payable in the future ~s a result of employe service to date. The measure is intended to help users assess tho retirement system's funding status on a going.concern basis, nssess progress made in accumulating sufficient assets to pay benefits when due, and make comparisons among public employe retirement syscems and among employers. As of June 30, 1994, the most recent actuarial valuation date, the System's pension benefit obligation, as calculated in accordance with GASa Statement No.5, totalled $ 26.26 billion. Net assets availnblo tor benefits as of the samo date totalled $ 23.45 billion. The unfunded pension obligation under CASB Statement No.5 totalled $ 2.81 billion. Total contributions to the System from all participating employers for the years ended June 30, 1995 and 1994 were $ 0.83 billion and $ 0.93 billion, respectively. . 16 . v MEClIANICSBURG AREA SCHOOL DISTRICT NOTES TO FINANCIAL STATEMENTS (Cont'd.) JUNE 30, 1996 12. Pension plan (Cont'd.) . Ten.year historical trend information showing che System's progress in accumulating sufficient assets to pay benefits when due is presented in the System's Comprehens ive Annual Financial Report. 13. Other post.employment retirement benefits The District does not offer llny post. employment benefits to retired employees other than pension benefits as discussed in Note 12. The District will, however, allow retired employees to remain in its group medical insurance plan upon payment by the retired employee of the cost of such coverage. 14. Risk Management The District is exposed to various risks of loss related to torts; theft of, dl1mage to, and destruction of assets; errors and omissions; injuries to employees; and na~ura1 disasters. The District maintains commercial insurance coverage covering each of those risks of loss. Management believes such coverage is sufficient to preclude any significant uninsured losses to the Districe. Settled claims have not exceeded this commercial coverage in any of the past three fiscal years. For State unemployment compensation laws, the District is self. insured, which is 11 common practice for local governmental units. Any unemployment claims are paid by the District on a quarterly basis as incurred. 15. Restatement of General Fund equity General Fund equity at July 1, 1995 has been restated to reflect the accrual of second quarter earned income and occupational privilege taxes as follows: Equity, June 30, 1995 Earned income taxes Occupational privilege taxes $ 3,348,225 434,009 6 .1,01, Restated equity, July 1, 1995 $ 3 788.638 16. Commitments and contingencies At June 30, 1996, the District was committed to construction contracts totaling approximately $ 207,600. These amounts will be paid from the Construction and Capital Reserve Funds. The District's contract with its teaching staff is scheduled to expire June 30, 1997. . 17 . '-' MECIIANICSBURG MEA sellOOI. DISTRICT GENERAl. FUND STATEMENT OF REV~:NUE YEAR ENDED JUNE 30, 1996 Local sources Current real estate taxes Publlc utility realty tax Current per capita taxes Il Current Act 511 taxes Occupation prIvIlege taxes Current occupation taxes Real estate transfer taxes Earned income taxes Delinquent taxes, all levies Taxes Tuition and other payments from patrons Earnings from temporary deposits and investments Student activitIes Rent from School and other facilities Community services activities Miscellaneous revenue . State sources Basic instructional subsidy Homebound instruction Vocational education Special educatIon Transportation Rentals and SInkIng Fund payments Driver education lIealth services Social security Retirement Extra grants Tuition . court placed students Variance Favorable RC>VfOmw Rlldp.et: (Unfnvorn'>l,,) $ 10,598,776 $ 10,679,677 $ (80,901) 20/. ,4/.5 205,590 (1,145) 76,596 76,970 (37/.) 76,596 76,970 (37/.) 57,568 57,175 393 2,1.71,970 2,53/.,395 (62,425) 278,33/. 249,000 29,334 2,027,572 1,960,559 67,013 396.233 290.000 106.233 16.188.090 16.130.336 57.754 10,822 13 , 000 (2,178) /.52,529 275,000 177,529 13,292 16,300 (3,008) 13 ,685 11 ,900 1,785 80,995 85,000 (4,005) 2.115 1.200 915 16.761.528 16.532.736 228.792 4,138,356 4,106,940 31,416 55 275 (220) .0. 3,820 (3,820) 968,434 922 ,480 45,954 21/.,686 190,000 24,686 160,667 160,667 .0. 5,530 7,000 (1,470) 82,086 72 ,000 10,086 517,387 500,000 17,387 779,082 799,431 (20,349) 1,320 .0- 1,320 l'i.675 13 .000 2.675 6.883.278 6.775.613 107.665 (Continued) . 20 . MECIlANICSlIURG AREA SCIlOOL DISTRICT GENERAL FUND STATEMENT OF REVENUE (Cont'd.) YEAR ENDED JUNE 30, 1996 Voriance Favorable Revonuo Bud..et IUnfnvorahle\ Federal sources Impocted oreos $ 15,914 $ 5,000 $ 10,~14 Title I 92,755 115,620 (22,865) Title VI 7,898 13 ,500 (5,602) Drug free schools 11,397 15,000 <3,603) EESA, Title II -0. 7.000 (7.000) 127.961. 156.120 (28.156) Other Refund of prior years' expenditures 10,259 .0. 10,259 Tronsfers from other locol education agencies 46 .011. 55.000 (8.986) 56 . 273 55.000 1. 273 Total revenue $ 23.829.01.3 $ 23.519.469 $ 309.574 See accomponying report on supplementary information. .21. MECIIANICSBURt; AREA SCHOOL DISTRICT CENERAL FUND STATEMENT OF EXPENDITURES YEAR ENDEO JUNE 30, 1996 Regular programs Personal services Personal services benefits Purchased professIonal and technical services Other purchased services Supplies Property Othor objects salarIes employee Special programs Personal services . salaries Personal services ' employee benefits Purchased professIonal and technical services Other purchased services Supplies Vocational education programs Other purchased services Other instructional programs Personal services . salaries Personal services . employee benefits Purchased professional and technical services Supplies Property Adult education programs Personal services salarIes Personal services . employee benefits Variance Favorable F.xflendltures Bl.ldp.ot !Unfavorable) $ 8,866,966 $ 8,895,287 $ 28,321 2,586,019 2,636,873 50,854 93,131 91,,517 1,386 41,,574 44,646 72 439,965 470,930 30,965 32,695 32,738 43 30.3101. 36.31.8 6.004 12.093.69/+ 12.211.339 117.645 1,01,2,133 1 ,042 ,1.17 284 329,111 329,406 295 681,326 761,293 79,967 71,516 71 ,600 84 10.266 15.383 5.117 2.131,.352 2.220.099 85.747 21.4.866 258.062 13.196 120,439 121,843 1,405 30,956 36,976 6,020 2,160 2,160 ,0. 28,260 28,270 10 2 .115 2.200 65 183.91.9 191.449 7.500 2,310 5,000 2,690 452 693 241 2.762 5.693 2.931 (ContInued) . 22 . '"' '" MECHANICS BURG AREA SCHOOL DISTRICT GENERAL FUND STATEMENT OF EXPENDITURES (Cont'd.) YEAR ENDED JUNE 30, 1996 Exnend 1 tures Budl!.et VarIance Favorab le !Unfavorable) Community College educatIon programs Other pur~hased services $ 3/.1.1.85 $ 31,2.188 $ 703 Support services . Pupil personnel Personal services . salaries 616,275 616,562 2B7 Personal services - employee benefits 176,828 181,529 4,701 Purchased professional and technical services 98,721 103,928 5,207 Other purchased services 1,661, 1,670 6 Supplies 9,238 14,128 4,890 Other objects 670 850 _----1M! 903.396 918.667 15.271 Support services . instructional staff Personal services - salaries 566,529 566,689 160 Personal services . employee benefits 178,436 178,811 375 Purchased professional and technical services 33,547 37,141 3,594 Other purchased services 1,736 1,883 147 Supplies 51,905 59,475 7,570 Other objects 22.474 37.645 15.171 854.627 881..644 27.017 Support services . administration Personal services . salaries 1,000,779 1,000,964 185 Personal services - employee bene fi ts 292,364 309,977 17,613 Purchased professional and technical services 151,081 156,300 5,219 Purchased property services 21,411 22,200 789 Other purchased services 29,015 35,614 6,599 Supplies 26,961 27,019 58 Other objects 22.480 23.342 862 1. 544.091 1.575.416 31. 325 (Continued) ... . 23 . MECI~NICSBURG AREA SCHOOL DISTRICT GENERAL FUND STATEMENT OF EXPENDITURES (Cont'd.) YEAR ENDED JUNE 30, 1996 V ar iance Favorable Exo~nd t tures Budp..ot (Unfavorable) Support services . pupil health Personal services , salaries $ 20/, , 708 $ 206,310 $ 1,602 Personal services . employoe benefits 58,802 63,57i 4,769 Purchased professional and technical services 1,337 1,350 13 Other purchased services 711 815 104 Supplies 5.283 5.294 11 270 841 277.340 6.499 Support services . business Personal services . salaries 147,756 lI,B,518 762 Personal services ' employee bene fi ts 50,275 50,322 47 Purchased professional and technical aervices 17,819 20,962 3,143 Other purchased services 7,331 7,366 35 Supplies 19,743 27,031 7,288 Other objects 4.583 9.091 4.508 247.507 263.290 15.783 Operation and maintenance of plant services Personal services . salaries 6/,7,366 658,040 10,674 Personal s~rvices . employee beno fi ts 244,679 241.,730 51 Purchased property services 539,355 539,424 69 Other purchased services 53,368 65,968 12,600 Supplies 485,377 486,213 836 Property 17,564 17 ,600 36 Other objects 8.517 8.593 76 1. 996.226 2.020.568 24.342 Student transportation services Personel services . salaries 15,409 15,49i 82 Personal services . employee benefits 4,140 4,167 27 Other purchased services 672,264 676,557 4,293 Supplies 31,304 34,200 2,896 Property .0. 750 750 723.117 731.165 8.048 (Continued) . 2/, - MEClIANICSBURG AREA SCHOOL DISTRICT GENERAL FUND STATEMENT OF EXPENDITURES (Cont'd,) YEAR ENDEO JUNE 30, 1996 Variance Favorable Expend I t!.lIU Bud2et !Unfavorable) Central services Supplies $ 6.145 $ 6.200 $ 55 Other support services Other purchased services 69.276 73~ 4.251 Student activitIes Personal servIces . salaries 237,889 238,069 180 Personal services . employee beneftts 51,253 58,965 7,112 Purchased professIonal and technical services 8,500 8,500 -0- Other purchased services 17,392 17 ,395 3 Supp lies 35,490 37,260 1,770 Property -0. 2,000 2,000 Other objects 23.587 23.935 348 374.111 386.124 12.013 Community services Personal services . salaries 94,104 94,224 120 Personal services . employee benefits 25,913 26,246 333 Purchased professional and technical services 50,341 50,424 83 Other purchased services 6,583 12,000 5,417 Supplies 902 2,550 1,648 Other objects 5.431 5.900 469 IB3.274 -191. 344 8.070 Debt servIce Interest 387,951 388,016 65 . Bond and note principal 1,122,483 1,123,319 836 Refund of prior year's receipts 4.996 5.000 4 1. 515 .430 1.516.335 905 Transfers to other funds 1.033.792(1) 192.400 (841. 392) Budgetary Reserve .0. .0. .0. Total expenditures $ 24.722.9/.1 $ 24.262.850 $ (/,60 ,091) (1) Includes $ 850,000 transfer to Capital Reserve Fund See accompanying report on supplementary informatIon. . 25 , MECHANICS BURG AREA SCHOOL OISTRICT CONSTRUCTION AND CAPITAL RESERVE FUNDS STATEMENT OF REVENUE AND EXPENDITURES YEAR ENDED JUNE 30, 1996 Con~truction Series Series Capital 1993 1992 Reserve Revenue Investment income $ 87,349 $ 310 $ 60,662 . Refund of prior years' expenditures 1,575 Transfer from General Fund 850.000 Total revenue 87,349 310 912.237 Expendi tures Capital expenditures 1,669,425 20,933 188,444 Investment fees 300 Transfer to Food Service Fund (capital items) 58.219 72.829 Total expenditures 1. 727.644 21.233 261.273 Excess (deficiency) of revenue over expenditures $ (1.640.295) $ 120.923) $ 650.964 See accompanying report on supplementary information. . 26 - >-: C'. c..:: c--: ~~: ~(': <..' , ;. ,. ,.'. [' ' "",. .I~ 'j .... " L. ~( 1.>1 " '.' ,-,' , ....... ,il li..': (.') F ",-, :.<.: ....: U. ,n ~ 0 0' U '\~ ') < ^ ~ ~ '"' ~ \ ~ ~ ~~ r' v