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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF JUNE 30, 2016
Governmental Unit Debt Estimated Direct Debt and
Outstanding Percentage Estimated Share of
Applicable Overlapping Debt
Direct debt: $ 20,148,281 (a) 100.00% $ 20,148,281
Hudson City School District
Total direct debt 20,148,281 20,148,281
Overlapping debt: 34,245,750 99.62% 34,115,616
City of Hudson 1,630,000 2.86% 46,618
City of Cuyahoga Falls 8.18%
Summit County 32,420,000 8.18% 2,651,956
Metro Transit - -
Total overlapping debt 68,295,750 36,814,190
Total direct and overlapping debt $ 88,444,031 $ 56,962,471
Source: Ohio Municipal Advisory Council
Note: The District's share of the overlapping debt is calculated as the debt outstanding for each noted governmental unit multiplied by the
estimated percentage applicable to the District. The percentage applicable to the District is calculated as the assessed valuation of the District's
area contained within the noted governmental unit divided by the total assessed valuation of the governmental unit.
(a) Details regarding the District's outstanding debt can be found in the notes to the financial statements.
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