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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN NET POSITION
PROPRIETARY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2016
Operating revenues: Business-Type Governmental
Sales/charges for services. . . . . . . . . . Activities - Activities -
Other . . . . . . . . . . . . . . . . . . . . Community Internal
Education Funds Service Funds
$ 1,415,488 $ 8,206,968
- 5,240
Total operating revenues . . . . . . . . . . 1,415,488 8,212,208
Operating expenses: 531,127 29,724
Personal services . . . . . . . . . . . . . . 706,451 1,217,467
Purchased services. . . . . . . . . . . . . .
Materials and supplies. . . . . . . . . . . . 87,918 6,740
Claims . . . . . . . . . . . . . . . . . . . . - 7,974,174
Other. . . . . . . . . . . . . . . . . . . . .
41,040 -
Total operating expenses. . . . . . . . . . . 1,366,536 9,228,105
Operating income (loss) . . . . . . . . . . . 48,952 (1,015,897)
Nonoperating revenues: 48,212 -
Grants . . . . . . . . . . . . . . . . . . . .
Change in net position. . . . . . . . . . . . 97,164 (1,015,897)
Net position at beginning of year . . . . . 17,732 3,193,389
Net position at end of year . . . . . . . . .
$ 114,896 $ 2,177,492
SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS
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