Page 152 - Hudson City Schools CAFR 2017
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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF JUNE 30, 2017
Estimated Direct Debt and
Debt Percentage Estimated Share of
Governmental Unit Outstanding Applicable Overlapping Debt
Direct debt:
Hudson City School District $ 18,986,712 (a) 100.00% $ 18,986,712
Total direct debt 18,986,712 18,986,712
Overlapping debt:
City of Hudson 35,424,667 99.62% 35,290,053
City of Cuyahoga Falls 6,465,000 3.19% 206,234
Summit County 55,365,000 8.23% 4,556,540
Boston Heights Village 3,835,000 53.12% 2,037,152
Total overlapping debt 101,089,667 42,089,979
Total direct and overlapping debt $ 120,076,379 $ 61,076,691
Source: Ohio Municipal Advisory Council
Note: The District's share of the overlapping debt is calculated as the debt outstanding for each noted governmental unit multiplied by the
estimated percentage applicable to the District. The percentage applicable to the District is calculated as the assessed valuation of the District's
area contained within the noted governmental unit divided by the total assessed valuation of the governmental unit.
(a) Details regarding the District's outstanding debt can be found in the notes to the financial statements.
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