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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE - BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS)

GENERAL FUND
FOR THE FISCAL YEAR ENDED JUNE 30, 2016

Budgeted Amounts Variance with
Final Budget
Original Final Actual
Positive
Revenues: $ 41,975,982 $ 41,975,982 $ 41,819,181 (Negative)
From local sources:
Property taxes. . . . . . . . . . . . . . . . 481,295 481,295 472,588 $ (156,801)
(8,707)
Payment in lieu of taxes. . . . . . . . . . . 526,891 526,891 702,795
Tuition. . . . . . . . . . . . . . . . . . . . 175,904
Earnings on investments. . . . . . . . . . . 35,464 35,464 133,185 97,721
Extracurricular. . . . . . . . . . . . . . . . 3,369
Classroom materials and fees . . . . . . . . 289,790 289,790 293,159 12,584
Other local revenues . . . . . . . . . . . . . 14,336
Intergovernmental - state . . . . . . . . . . . 103,200 103,200 115,784
Total revenues . . . . . . . . . . . . . . . . . 388,283
98,285 98,285 112,621 526,689

17,339,778 17,339,778 17,728,061

60,850,685 60,850,685 61,377,374

Expenditures: 25,603,976 25,603,976 24,619,714 984,262
Current: 9,026,407 9,026,407 8,191,822 834,585
Instruction: 291,793 291,793 276,284
1,761,804 1,761,804 1,353,390 15,509
Regular . . . . . . . . . . . . . . . . . . . 408,414
Special. . . . . . . . . . . . . . . . . . . . 4,101,232 4,101,232 3,790,004
Vocational. . . . . . . . . . . . . . . . . . 2,134,561 2,134,561 2,054,918 311,228
Other. . . . . . . . . . . . . . . . . . . . . 79,643
Support services: 65,972 65,972 49,320 16,652
Pupil. . . . . . . . . . . . . . . . . . . . . 4,210,725 4,210,725 3,838,046
Instructional staff . . . . . . . . . . . . . . 1,645,821 1,645,821 1,388,112 372,679
Board of education . . . . . . . . . . . . . 257,709
Administration. . . . . . . . . . . . . . . . 654,075 654,075 627,360
Fiscal . . . . . . . . . . . . . . . . . . . . 5,077,208 5,077,208 4,941,353 26,715
Business. . . . . . . . . . . . . . . . . . . 3,845,575 3,845,575 3,615,859 135,855
Operations and maintenance . . . . . . . . 229,716
Pupil transportation . . . . . . . . . . . . . 708,472 708,472 645,770
Central. . . . . . . . . . . . . . . . . . . . 1,090,264 1,090,264 1,095,227 62,702
Extracurricular activities . . . . . . . . . . . (4,963)
Debt service: 345,000 345,000 345,000
Principal . . . . . . . . . . . . . . . . . . . 77,000 77,000 76,002 -
Interest and fiscal charges . . . . . . . . . . 998
60,639,885 60,639,885 56,908,181 3,731,704
Total expenditures . . . . . . . . . . . . . . .

Excess of revenues over expenditures . . . . . 210,800 210,800 4,469,193 4,258,393

Other financing sources (uses): 5,066 5,066 8,748 3,682
Proceeds from sale of assets . . . . . . . . . 151,987 151,987 32,396 (119,591)
Refund of prior year's expenditures. . . . . .
Refund of prior year's receipts . . . . . . . . (472) (472) (472) -
Transfers (out) . . . . . . . . . . . . . . . . (561,000) (561,000) (561,000) -
Total other financing sources (uses) . . . . . . (404,419) (404,419) (520,328) (115,909)

Net change in fund balance. . . . . . . . . . . (193,619) (193,619) 3,948,865 4,142,484

Fund balance at beginning of year. . . . . . 22,861,263 22,861,263 22,861,263 -
Prior year encumbrances appropriated . . . -
Fund balance at end of year . . . . . . . . . 1,201,357 1,201,357 1,201,357 4,142,484

$ 23,869,001 $ 23,869,001 $ 28,011,485 $

SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS

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