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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS

FOR THE FISCAL YEAR ENDED JUNE 30, 2016

Business-Type Governmental
Activities - Activities -
Community Internal

Education Funds Service Funds

Cash flows from operating activities: $ 1,415,488 $ 8,206,968
Cash received from sales/charges for services. . . . .
Cash received from other operations. . . . . . . . . . - 5,240
Cash payments for personal services. . . . . . . . . .
Cash payments for contractual services . . . . . . . . (552,209) (29,944)
Cash payments for materials and supplies . . . . . . .
Cash payments for claims . . . . . . . . . . . . . . . (716,932) (1,223,516)
Cash payments for other expenses . . . . . . . . . . .
(84,356) (6,740)

- (7,870,541)

(43,198) -

Net cash provided by (used in) 18,793 (918,533)
operating activities. . . . . . . . . . . . . . . . . .
48,212 -
Cash flows from noncapital financing activities:
Cash received from grants . . . . . . . . . . . . . . . 48,212 -

Net cash provided by noncapital $ 67,005 $ (918,533)
financing activities. . . . . . . . . . . . . . . . . . $
1,127,252 3,709,520
Net increase (decrease) in cash and cash 1,194,257 2,790,987
cash equivalents . . . . . . . . . . . . . . . . . . . .
48,952 $ (1,015,897)
Cash and cash equivalents at beginning of year . . .
Cash and cash equivalents at end of year . . . . . . . (18,731) -
(9,077) (6,049)
Reconciliation of operating income (loss) to net (6,594)
cash provided by (used in) operating activities: (1,882) -
6,635 (220)
Operating income (loss) . . . . . . . . . . . . . . . . .
(5,121) -
Changes in assets, deferred outflows of resources, -
liabilities and deferred inflows of resources: -
(Increase) in deferred outflows, pensions . . . . . . . 107,197 103,633
(Decrease) in accounts payable . . . . . . . . . . . . (102,586)
(Decrease) in accrued wages and benefits . . . . . . . -
(Decrease) in intergovernmental payable . . . . . . . -
Increase in compensated absences payable . . . . . .
(Decrease) in pension and postemployment

benefits payable . . . . . . . . . . . . . . . . . . .
Increase in claims payable . . . . . . . . . . . . . . .
Increase in net pension liability . . . . . . . . . . . .
(Decrease) in deferred inflows, pensions. . . . . . . .

Net cash provided by (used in) $ 18,793 $ (918,533)
operating activities. . . . . . . . . . . . . . . . . .

SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS

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