Page 31 - 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)

Change in Net Position

Governmental Business-Type Total
Activities Activities

2016 2015 2016 2015 2016 2015

Revenues $ 3,249,185 $ 3,087,713 $1,415,488 $1,369,879 $ 4,664,673 $ 4,457,592
Program revenues: 5,392,374 5,324,592 - - 5,392,374 5,324,592
36,695 255,091 - - 36,695 255,091
Charges for services and sales
Operating grants and contributions 43,221,064 44,231,074 - - 43,221,064 44,231,074
Capital grants and contributions 472,588 984,788 - - 472,588 984,788
General revenues: 48,212 50,644
Property taxes 18,019,970 18,210,293 - - 18,068,182 18,260,937
Payments in lieu of taxes 30,630 125,658 - - 30,630 125,658
Grants and entitlements 270,980 324,742 270,980
Investment earnings 324,742 1,463,700 1,420,523
Miscellaneous 72,490,189 72,210,948 73,910,712
70,747,248
Total revenues
28,113,267 27,692,555 - - 28,113,267 27,692,555
Expenses
Program expenses: 8,951,438 8,739,661 - - 8,951,438 8,739,661

Instruction: 283,061 288,761 - - 283,061 288,761
Regular
Special 1,285,813 1,290,104 - - 1,285,813 1,290,104
Vocational
Other 4,853,110 4,516,471 - - 4,853,110 4,516,471

Support services: 2,224,870 1,995,041 - - 2,224,870 1,995,041
Pupil
Instructional staff 38,520 70,122 - - 38,520 70,122
Board of education
Administration 3,927,626 3,789,299 - - 3,927,626 3,789,299
Fiscal
Business 1,410,351 1,198,288 - - 1,410,351 1,198,288
Operations and maintenance
Pupil transportation 622,463 593,218 - - 622,463 593,218
Central
5,382,831 5,363,794 - - 5,382,831 5,363,794
Operation of non-instructional services:
Food service operations 3,786,842 3,898,262 - - 3,786,842 3,898,262
Other non-instructional services
560,192 565,003 - - 560,192 565,003
Extracurricular activities
Interest on long-term debt 1,417,360 1,374,636 - - 1,417,360 1,374,636
Community education 29,891 18,097 - - 29,891 18,097
- -
Total expenses 1,839,597 1,707,800 - - 1,839,597 1,707,800
797,635 842,430 1,366,536 1,315,393 797,635 842,430
Changes in net position - -
1,366,536 1,315,393 1,366,536 1,315,393
Net position at beginning of year 65,524,867 63,943,542
66,891,403 65,258,935
Net position at end of year
5,222,381 8,546,647 97,164 105,130 5,319,545 8,651,777
(21,114,138) (29,660,785) 17,732 (87,398) (21,096,406) (29,748,183)

$ (15,891,757) $ (21,114,138) $ 114,896 $ 17,732 $ (15,776,861) $ (21,096,406)

F 11