Page 30 - Microsoft Word - CAFR Title Page

HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2016

(UNAUDITED)

The increase in assets for the governmental activities can primarily be attributed to an increase in cash and investments as
the District’s revenues exceeded expenses during the year. Liabilities and deferred inflows of resources for governmental
activities totaled $161,784,112; of this amount $112,868,265 or 69.76% is long-term liabilities. The increase in liabilities
is primarily due to a significant increase in the net pension liability which was offset by a decrease in deferred inflows of
resources related to pensions.

The graphs below present the District’s governmental and business-type assets, deferred outflows of resources, liabilities,
deferred inflows of resources and net position at June 30, 2016 and June 30, 2015.

Governmental Activities

$200,000,000 $161,784,112 $161,087,728
$150,000,000

$100,000,000 $145,892,355 $139,973,590 Net Position
$50,000,000 $(15,891,757) $(21,114,138) Assets and Deferred Outflows
$- Liabilities and Deferred Inflows

$(50,000,000)

2016 2015

Business-Type Activities

$1,400,000 $1,287,554 $1,184,086
$1,200,000 $1,172,658 $1,201,818
$1,000,000
$17,732 Net Position
$800,000 Assets and Deferred Outflows
$600,000 2015 Liabilities and Deferred Inflows
$400,000
$200,000 $114,896

$- 2016

The following table shows the changes in net position for fiscal years 2016 and 2015.

F 10