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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

BALANCE SHEET
GOVERNMENTAL FUNDS

JUNE 30, 2016

General Nonmajor Total
Governmental Governmental

Funds Funds

Assets: $ 29,016,141 $ 2,369,619 $ 31,385,760
Equity in pooled cash and investments . . . . . . . .
Receivables: 42,412,554 1,235,487 43,648,041
509,572
Property taxes. . . . . . . . . . . . . . . . . . . . 509,572 - 383,536
Payment in lieu of taxes. . . . . . . . . . . . . . . 12,061
Intergovernmental. . . . . . . . . . . . . . . . . . 6,748 376,788 112,465
Accrued interest. . . . . . . . . . . . . . . . . . . 2,076
Due from other funds . . . . . . . . . . . . . . . . . 12,061 - 54,367
Materials and supplies inventory . . . . . . . . . . .
Inventory held for resale. . . . . . . . . . . . . . . . 112,465 - $ 76,107,878
Total assets . . . . . . . . . . . . . . . . . . . . . .
- 2,076

41,658 12,709

$ 72,111,199 $ 3,996,679

Liabilities: $ 215,810 $ 405,104 $ 620,914
Accounts payable . . . . . . . . . . . . . . . . . . . -
Contracts payable . . . . . . . . . . . . . . . . . . . 105,750 105,750
Accrued wages and benefits payable . . . . . . . . . 5,123,812
Compensated absences payable . . . . . . . . . . . . 161,850 268,789 5,392,601
Pension and postemployment benefits payable . . . . 814,903
Intergovernmental payable. . . . . . . . . . . . . . . 165,443 5,308 167,158
Claims payable. . . . . . . . . . . . . . . . . . . . . 4,855
Due to other funds . . . . . . . . . . . . . . . . . . . - 46,049 860,952
Total liabilities . . . . . . . . . . . . . . . . . . . . .
6,486,673 3,582 169,025

- 4,855

112,465 112,465

947,047 7,433,720

Deferred inflows of resources: 32,534,874 941,158 33,476,032
Property taxes levied for the next fiscal year . . . . . . 509,572 - 509,572
Payment in lieu of taxes levied for the next fiscal year . 984,350
Delinquent property tax revenue not available . . . . . 6,538 24,509 1,008,859
Accrued interest not available . . . . . . . . . . . . . . - - 6,538
Intergovernmental revenue not available. . . . . . . . .
Total deferred inflows of resources . . . . . . . . . . . 34,035,334 142,048 142,048
1,107,715 35,143,049

Fund balances: 41,658 2,076 43,734
Nonspendable:
Materials and supplies inventory . . . . . . . . . . . - 1,447,799 1,447,799
Restricted: - 264,418 264,418
Capital improvements. . . . . . . . . . . . . . . . . - 75,842 75,842
Food service operations . . . . . . . . . . . . . . . . - 157,831 157,831
Non-public schools . . . . . . . . . . . . . . . . . . - 106,840 106,840
Extracurricular activities. . . . . . . . . . . . . . . .
Other purposes. . . . . . . . . . . . . . . . . . . . . 235,110 - 235,110
Assigned: 613,941 - 613,941
Student instruction. . . . . . . . . . . . . . . . . . . -
Student and staff support. . . . . . . . . . . . . . . . 75,455 - 75,455
Rotary services. . . . . . . . . . . . . . . . . . . . . 25,191 (112,889) 25,191
Other purposes. . . . . . . . . . . . . . . . . . . . . 30,597,837 30,484,948
Unassigned (deficit) . . . . . . . . . . . . . . . . . . .

Total fund balances . . . . . . . . . . . . . . . . . . . 31,589,192 1,941,917 33,531,109

Total liabilities, deferred inflows of resources
and fund balances . . . . . . . . . . . . . . . . . . . . $ 72,111,199 $ 3,996,679 $ 76,107,878

SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS

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