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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS

(MODIFIED ACCRUAL BASIS OF ACCOUNTING)

2016 2015 2014 2013 2012

Revenues $ 43,368,939 $ 44,766,636 $ 47,389,754 $ 42,122,419 $ 40,745,914
314,000
From local sources: 472,588 984,788 515,367 349,063 205,244
Property taxes -
Payments in lieu of taxes 792,968 641,669 800,280 703,700 180,591
Tuition
Transportation fees -- - - 1,288,685
Earnings on investments 1,086,564
Charges for services 141,723 38,680 57,818 51,472
Extracurricular 328,148
Classroom materials and fees 1,208,133 1,203,390 1,206,450 1,279,995 396,017
Other local revenues 1,156,822
Intergovernmental - Intermediate 846,655 848,935 849,924 769,849 20,820,684
Intergovernmental - State 2,253,792
Intergovernmental - Federal 363,532 361,002 346,964 346,101 68,776,461

Total revenues 480,490 681,522 1,531,441 452,473 26,547,675
6,186,526
Expenditures 1,405,451 1,335,218 1,307,311 1,278,479
244,846
Current: 20,174,136 20,366,537 20,072,709 20,078,720 1,327,522
Instruction:
Regular 1,649,257 1,693,478 1,760,248 1,856,419 5,026,641
Special 4,773,005
Vocational 70,903,872 72,921,855 75,838,266 69,288,690
Other 49,083
Support services: 26,634,674 27,131,221 27,194,680 26,755,411 4,215,459
Pupil 8,766,022 8,943,676 8,615,372 6,406,501 1,488,408
Instructional staff
Board of education 290,227 269,533 254,736 241,724 586,663
Administration 1,285,813 1,290,104 1,283,858 1,211,810 4,776,440
Fiscal 3,663,230
Business 4,826,657 4,567,464 4,706,665 4,908,661
Operations and maintenance 2,171,807 1,988,037 1,846,576 4,319,163 426,422
Pupil transportation
Central 38,630 70,249 41,731 44,201 1,543,380
Operation of non-instructional services: 3,867,128 3,868,836 4,020,237 4,259,944 35,185
Food service operations 1,410,151 1,206,874 1,619,261 2,023,839
Other non-instructional services 1,220,646
Extracurricular activities 623,359 591,359 559,490 593,078 -
Pass through payments 4,971,577 4,937,486 4,882,939 4,772,810
Facilities acquisitions and construction 3,708,416 3,915,887 3,233,565 3,954,783 1,011,533
Capital outlay -
Debt service: 459,386 453,604 525,875 499,551
Principal retirement 1,910,778
Interest and fiscal charges 1,397,609 1,388,802 1,365,327 1,435,672 2,362,798
Debt issue costs 18,080 11,306 17,864 23,995
-
Total expenditures 1,567,433 1,479,062 1,458,495 1,241,538 67,396,240
- - - -
Excess of revenues over (under) expenditures 1,380,221
2,025,949 3,367,929 2,312,691 1,002,774
Other Financing Sources (Uses) - - - 340,880 1,326,000
(1,326,000)
Transfers in 1,179,033 1,495,843 3,425,296 3,306,932
Transfers (out) 725,382 770,613 816,437 847,026 19,307
Proceeds from sale of assets - - - 302,738 -
Capital lease transaction -
Software license obligation transaction 65,967,333 67,747,885 68,181,095 68,493,031 -
Premium on debt issuance -
Sale of bonds 4,936,539 5,173,970 7,657,171 795,659 -
Payment to refunded debt escrow agent -
Issuance of certificates of participation 1,781,000 1,645,000 1,006,000 1,006,000
(1,781,000) (1,645,000) (1,006,000) (1,006,000) 19,307
Total other financing sources (uses) 511,000
17,121 16,935 2,686 20,674 1,910,528
Special item - - 918,391 -
- - 6.49%
Net change in fund balances - - - 340,880
- - - 64,451
Debt service as a percentage of noncapital - - - -
expenditures - - -
- (21,474,661)
Source: School District financial records. 18,725,000

17,121 16,935 921,077 (2,323,656)

-- --

$ 4,953,660 $ 5,190,905 $ 8,578,248 $ (1,527,997) $

2.97% 3.52% 6.53% 6.13%

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