HERRICKS UNION FREE SCHOOL DISTRICT

PUBLIC NOTICE The Annual Financial Report is hereby made by the HERRICKS UNION FREE SCHOOL DISTRICT, Town of North Hempstead, New York for fiscal year ended June 30, 2023 pursuant to Section 1721 of the Education Law. GENERAL FUND Balance 7/1/22:  23,156,679 Revenues Real property taxes:  97,817,909 Other tax items-including STAR:  7,443,327 Charges for services:  1,526,124 Use of money and property:  1,467,937 Sale of property and compensation for loss:  234,204 Miscellaneous:  366,544 State sources:  17,522,904 Medicaid reimbursement:  200,319 Expenditures General support:  15,759,202 Instruction:  71,109,182 Pupil transportation:  3,994,810 Community service:  37,205 Employee benefits:  29,104,409 Debt service-principal:  1,977,924 Debt service-interest:  791,636 Other Financing Sources and (Uses) Premium on obligations:  42,938 Operating transfers in:  163,183 Operating transfers out:  (1,139,562) Net Change in Fund Balance:  2,871,459 Balance 6/30/23:  26,028,138 SPECIAL AID FUND Balance 7/1/22:  0 Revenues Miscellaneous:  14,317 State sources:  1,237,260 Federal sources:  2,625,668 Expenditures Instruction:  4,047,850 Other Financing Sources and (Uses) Operating transfers in:  331,366 Operating transfers out:  (160,761) Net Change in Fund Balance:  0 Balance 6/30/23:  0 SCHOOL LUNCH FUND Balance 7/1/22:  584,875 Revenues Use of money and property:  963 Miscellaneous:  2,959 State sources:  23,229 Federal sources:  726,641 Surplus food:  165,597 Sales:  1,450,395 Expenditures Cost of cafeteria sales:  1,857,558 Other Financing Sources and (Uses) Operating transfers in:  31,946 Net Change in Fund Balance:  544,172 Balance 6/30/23:  1,129,047 MISCELLANEOUS SPECIAL REVENUE FUND Balance 7/1/22:  292,329 Revenues Charges for services:  563,850 Use of money and property:  45 Miscellaneous:  38,500 Expenditures Instruction:  592,373 Other Financing Sources and (Uses) Operating transfers out:  (750) Net Change in Fund Balance:  9,272 Balance 6/30/23:  301,601 DEBT SERVICE FUND Balance 7/1/22:  448,800 Revenues Use of money and property:  45,000 Net Change in Fund Balance:  45,000 Balance 6/30/23:  493,800 CAPITAL FUND Balance 7/1/22:  3,540,154 Revenues State sources:  129,531 Expenditures Capital outlay:  4,808,306 Other Financing Sources and (Uses) Operating transfers in:  776,250 Operating transfers out:  (1,672) Leases:  147,514 Net Change in Fund Balance:  (3,756,683) Balance 6/30/23:  (216,529) The full text of the Annual Report as filed with the State Education Department is available for public inspection at the Office of the District Clerk, Administration Building, 999 Herricks Road, New Hyde Park, N.Y. 11040 during normal school hours. By Order of the Board of Education HERRICKS UNION FREE SCHOOL DISTRICT Lisa Rutkoske, CPA Assistant Superintendent for Business