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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
JUNE 30, 2016
Business-Type Governmental
Activities - Activities -
Community Internal
Education Funds Service Funds
Assets: $ 1,194,257 $ 2,790,987
Current assets:
1,194,257 2,790,987
Equity in pooled cash and investments . . . . .
Total assets . . . . . . . . . . . . . . . . . . . .
Deferred outflows of resources: 21,825 -
Pension - STRS . . . . . . . . . . . . . . . . . . 71,472 -
Pension - SERS . . . . . . . . . . . . . . . . . . 93,297 -
Total deferred outflows of resources. . . . . . . .
Liabilities: 42,133 -
Current liabilities: 50,531 -
-
Accounts payable . . . . . . . . . . . . . . . . 7,560 -
Accrued wages and benefits . . . . . . . . . . . 12,436 -
Compensated absences. . . . . . . . . . . . . . 613,495
Pension and postemployment benefits payable. . 723
Intergovernmental payable. . . . . . . . . . . . - 613,495
Claims payable. . . . . . . . . . . . . . . . . .
113,383 -
Total current liabilities . . . . . . . . . . . . . . . -
13,397
Long-term liabilities: 999,770 -
Compensated absences payable. . . . . . . . . .
Net pension liability. . . . . . . . . . . . . . . . 1,013,167 613,495
Total long-term liabilities. . . . . . . . . . . . . . 1,126,550
Total liabilities . . . . . . . . . . . . . . . . . . .
Deferred inflows of resources: 20,037 -
Pension - STRS . . . . . . . . . . . . . . . . . . . 26,071 -
Pension - SERS . . . . . . . . . . . . . . . . . . . 46,108 -
Total deferred inflows of resources . . . . . . . . .
Net position: 114,896 2,177,492
Unrestricted . . . . . . . . . . . . . . . . . . . . .
$ 114,896 $ 2,177,492
Total net position . . . . . . . . . . . . . . . . . .
SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS
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