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Show ASSETS AND LIABILITIES , Assets: Sites and Buildings $685,040.67 Equipment 122,195.83 Buses , '. : 10,330.98 Supplies on Hand' 150.00 Textbooks 10,145.00 Cash Balances All Funds 56,351.17 TOTAL ASSETS $884,213.65 Liabilities: ' Bonds Outstnding : $ 51,000.00 Other Liabilities 3,293.85 Excess of Assets over Liabilities 829,919.80 TOTAL LIABILITIES $884,213.65 STATUS OF BUILDING RESERVE FUND Beginning Balance: Expenditures: I Cash $40,596.79 Sites $ 224.07 Transfer from current Bldg. Improvements 9,1X2.54 J Funds 9,258.72 New equipment .... 5,208.65 I Cash balance at end of year 35,310.25 TOTALS $49,855.51 $49,855.51 BONDED INDEBTEDN9SS Series Date Due Interest Rate Amount 1 March 1941 1 March 1957 3.00 $ 8,000.00 1 Nov. 1948 1 Nov. 1958 3.25 ' 6,000.00 1 March 1950 1 March 1960 2.75 7,000.00 1 Oct. 1951 1 Oct. 1961 2.75 7,000.00 15 June 1955 15 June 1965 3.00 10,000.00 1 March 1956 1 March 1964 3.50 ' 8,000.00 1 May 1956 1 May 1965 3.25 5,000.00 Total Bonds Outstanding $51,000.00 ANNUAL FINANCIAL REPORT BEAVER COUNTY SCHOOL DISTRICT For Ihe Year Ending Juno 30. 1956 RECEIPTS Balance on hand July 1, 1955: Operating Fund $ (2,913.02 Building Reserve Fund 40,596.79 Bond Interest and Redemption 17,304.34 Total Balance on Hand July 1, 1956 $ 54,988.11 Revenue Receipts: A. Federal Sources Vocational Educatidn $ 423.25 Forest Reserve 749.39 Total Federal (exclusive of school lunch) 1,172.64 B. State Sources Vocational Education 127.76 Uniform School Fund 164,160.10 Total State (exclusive of school lunch) 164,287.86 C. Local Sources For Operation and Maintenance 109,364.67 For capital outlay 11,533.04 For bond interest and redemption 14,416.30 Other local revenues : , 3,022.46 Total Local (excluding school lunch) ; 138,336.47 D. Other revenue sources Veterans Tuitions 3,767.04 Gifts 734.00 Total other revenue , 4,501.04 E. School lunch receipts Federal Funds 4,066.66 State Funds 3,985.27 Local Funds (sale of lunches) 13,531.69 Total School Lunch 21,583.62 Non-Revenue Receipts: Sale of bonds 13,080.00 Insurance Adjustments 472.28 Total Non-Revenue Receipts 13.552.28 Total Receipts, Revenue and Non-Revenue $343,433.91 TOTAL RECEIPTS AND BEGINNING BALANCES , JULY 1, 1955 $398,422.02 EXPENDITURES General Control: Salary Expenses Total School Board $ 750.00 $540.53 $ 1,290.53 Superintendent 5800.00 887.29 6,687.29 Clerk 4600.00 34.42 4,634.42 Treasurer 100.00 100.00 Legal Services 200.00 Audit 450.00 Election .M 306.54 Census 196.00 1 elephone,Postage and Publications ..... 783.90 TOTAL GENERAL CONTROL $ 14,648.68 Instruction: Salaries of Principals $ 22,755.00 Salaries of Supervisors 5,160.00 Salaries of Teachers 155,850.05 Salaries of Secretarial Assistants 1,438.91 Textbooks 1,765.99 Library Books and Periodicals 579.66 Supplies 3,562.71 Miscellaneous Expenses of Instruction 1,381.04 TOTAL COST OF INSTRUCTION $192,493!36 Auxiliary Services: Health Services 1,270.11 Transportation: Bus driver salaries 4,107.50 Supplies and other expense 4,165.52 Transportation Insurance , 590.13 Contracted Services , 3,845.50 School Lunch Services 20,536.09 TOTAL AUXILIARY SERVICES $ 34,514.85 Operation of School. Plant: Custodian Salaries $ 16,637.17 Fuel 5,884.71 Utilities except fuel 4,855.07 Supplies 881.21 TOTAL' OPERATIONS $ 28,258.16 Maintenance of School Plant $ 9,085.36 Fixed Charges: Employer's Contribution, to Retirement Funds: State School Employees' Retirement System $ 6,991.81 Social Security 6,093.21 Insurance 2,247.53 Collection of School Taxes .". 4,355.63 TOTAL FIXED CHARGES '. $ 19,688.18 Veterans Program Expense $ 3,152.15 Capital Outlay: Sites $ 418.24 Remodeling of Buildings 10,018.43 Furniture and Equipment . 6,382.91 TOTAL CAPITAL OUTLAY $ 16,819.58 Debt Service: Retirement of Bonds $ 20,000.00 Redemption of short-term loans 255.66 Interest on short-term loans , 1,209.13 Interest on Bonds 1,945.74 TOTAL DEBT SERVICE $ 23,410.53 TOTAL EXPENDITURES $342,070.85 Balances Carried to Next Year: Operating Fund $11,078.52 Building Reserve Fund 35,310.25 Bond Interest and Redemption 9,962.40 TOTAL BALANCES ON HAND , $ 56,351.17 TOTAL EXPENDITURES AND BALANCES $398,422.02 |