Page 72 - Microsoft Word - CAFR Title Page

HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

NOTES TO THE BASIC FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2016

NOTE 7 - CAPITAL ASSETS

Capital assets activity for the fiscal year ended June 30, 2016 was as follows:

Balance Additions Deductions Balance
07/01/15 06/30/16

Governmental activities: $ 1,032,204 $ -$ - $ 1,032,204
Capital assets, not being depreciated: 322,179 73,165
(395,344) -
Land 1,354,383 73,165
Construction in progress (395,344) 1,032,204

Total capital assets, not being depreciated 6,091,776 395,344 - 6,487,120
75,867,921 1,101,955 - 76,969,876
Capital assets, being depreciated: 12,868,871 - 13,381,306
Land improvements 512,435 - 5,194,535
Buildings and improvements 4,983,246 211,289 - 390,819
Furniture and equipment 390,819
Vehicles - - 102,423,656
Computer software 100,202,633
2,221,023
Total capital assets, being depreciated
(1,766,652) (151,692) - (1,918,344)
Less: accumulated depreciation (28,955,724) (1,415,531) - (30,371,255)
Land improvements - (9,903,158)
Buildings and improvements (9,454,074) (449,084) - (3,914,228)
Furniture and equipment (3,730,629) (183,599) - (359,156)
Vehicles
Computer software (267,518) (91,638) 0

Total accumulated depreciation (44,174,597) (2,291,544) - (46,466,141)

Governmental activities capital assets, net $ 57,382,419 $ 2,644 $ (395,344) $ 56,989,719

Depreciation expense was charged to governmental functions as follows:

Instruction: $ 1,430,519
Regular 52,491
Special 19,455
Vocational
18,233
Support services: 59,444
Pupil 34,315
Instructional staff 81,312
Administration 178,759
Operations and maintenance 91,638
Pupil transportation
Central 297,654
27,724
Extracurricular activities $ 2,291,544
Food service operations

Total depreciation expense

F 52