Page 33 - Hudson City Schools CAFR 2017

HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2017
(UNAUDITED)

The table that follows shows the changes in net position for fiscal years 2017 and 2016.

Change in Net Position

Governmental Business-Type
Activities Activities Total

2017 2016 2017 2016 2017 2016
Revenues
Program revenues:
Charges for services and sales $ 3,293,692 $ 3,249,185 $ 1,443,154 $ 1,415,488 $ 4,736,846 $ 4,664,673
Operating grants and contributions 5,441,183 5,392,374 - - 5,441,183 5,392,374
Capital grants and contributions 70,605 36,695 - - 70,605 36,695
General revenues:
Property taxes 38,551,749 43,221,064 - - 38,551,749 43,221,064
Payments in lieu of taxes 566,274 472,588 - - 566,274 472,588
Grants and entitlements 17,952,080 18,019,970 56,635 48,212 18,008,715 18,068,182
Investment earnings 332,259 30,630 - - 332,259 30,630
Miscellaneous 421,053 324,742 - - 421,053 324,742
Total revenues 66,628,895 70,747,248 1,499,789 1,463,700 68,128,684 72,210,948
Expenses
Instruction:
Regular 30,223,535 28,113,267 - - 30,223,535 28,113,267
Special 10,092,995 8,951,438 - - 10,092,995 8,951,438
Vocational 369,409 283,061 - - 369,409 283,061
Other 1,261,399 1,285,813 - - 1,261,399 1,285,813
Support services:
Pupil 4,996,693 4,853,110 - - 4,996,693 4,853,110
Instructional staff 2,293,445 2,224,870 - - 2,293,445 2,224,870
Board of education 78,835 38,520 - - 78,835 38,520
Administration 4,414,001 3,927,626 - - 4,414,001 3,927,626
Fiscal 1,411,686 1,410,351 - - 1,411,686 1,410,351
Business 663,107 622,463 - - 663,107 622,463
Operations and maintenance 5,786,325 5,382,831 - - 5,786,325 5,382,831
Pupil transportation 3,890,981 3,786,842 - - 3,890,981 3,786,842
Central 568,679 560,192 - - 568,679 560,192
Operation of non-instructional services:
Food service operations 1,615,311 1,417,360 - - 1,615,311 1,417,360
Other non-instructional services 50,180 29,891 - - 50,180 29,891
Extracurricular activities 1,978,779 1,839,597 - - 1,978,779 1,839,597
Interest on long-term debt 766,121 797,635 - - 766,121 797,635
Community education - - 1,467,886 1,366,536 1,467,886 1,366,536
Total expenses 70,461,481 65,524,867 1,467,886 1,366,536 71,929,367 66,891,403
Changes in net position (3,832,586) 5,222,381 31,903 97,164 (3,800,683) 5,319,545

Net position at beginning of year (15,891,757) (21,114,138) 114,896 17,732 (15,776,861) (21,096,406)
Net position at end of year $ (19,724,343) $ (15,891,757) $ 146,799 $ 114,896 $ (19,577,544) $ (15,776,861)
F 11