Page 44 - Hudson City Schools CAFR 2017

HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2017
Nonmajor Total
Governmental Governmental
General Funds Funds
Assets:
Equity in pooled cash and investments . . . . . . . . $ 32,302,679 $ 1,645,787 $ 33,948,466
Receivables:
Property taxes. . . . . . . . . . . . . . . . . . . . 43,298,427 1,257,896 44,556,323
Payment in lieu of taxes. . . . . . . . . . . . . . . 533,011 - 533,011
Intergovernmental. . . . . . . . . . . . . . . . . . 170,287 345,090 515,377
Accrued interest. . . . . . . . . . . . . . . . . . . 53,571 - 53,571
Due from other funds . . . . . . . . . . . . . . . . . 112,886 - 112,886
Prepayments. . . . . . . . . . . . . . . . . . . . . . 84,871 3,369 88,240
Materials and supplies inventory . . . . . . . . . . . - 1,916 1,916
Inventory held for resale. . . . . . . . . . . . . . . . 50,272 8,415 58,687
Total assets . . . . . . . . . . . . . . . . . . . . . . $ 76,606,004 $ 3,262,473 $ 79,868,477
Liabilities:
Accounts payable . . . . . . . . . . . . . . . . . . . $ 149,576 $ 79,005 $ 228,581
Accrued wages and benefits payable . . . . . . . . . 5,398,647 266,849 5,665,496
Compensated absences payable . . . . . . . . . . . . 166,029 4,536 170,565
Pension and postemployment benefits payable . . . . 825,746 38,229 863,975
Intergovernmental payable. . . . . . . . . . . . . . . 190,761 3,649 194,410
Claims payable. . . . . . . . . . . . . . . . . . . . . 10,875 - 10,875
Due to other funds . . . . . . . . . . . . . . . . . . . - 112,886 112,886
Total liabilities . . . . . . . . . . . . . . . . . . . . . 6,741,634 505,154 7,246,788
Deferred inflows of resources:
Property taxes levied for the next fiscal year . . . . . . 37,546,702 1,094,002 38,640,704
Payment in lieu of taxes levied for the next fiscal year . 533,011 - 533,011
Delinquent property tax revenue not available . . . . . 899,502 22,302 921,804
Accrued interest not available . . . . . . . . . . . . . . 35,032 - 35,032
Intergovernmental revenue not available. . . . . . . . . - 125,300 125,300
Total deferred inflows of resources . . . . . . . . . . . 39,014,247 1,241,604 40,255,851
Fund balances:
Nonspendable:
Materials and supplies inventory . . . . . . . . . . . 50,272 1,916 52,188
Prepayments . . . . . . . . . . . . . . . . . . . . . 84,871 3,369 88,240
Restricted:
Capital improvements. . . . . . . . . . . . . . . . . - 997,422 997,422
Food service operations . . . . . . . . . . . . . . . . - 227,439 227,439
Non-public schools . . . . . . . . . . . . . . . . . . - 69,977 69,977
Extracurricular activities. . . . . . . . . . . . . . . . - 202,181 202,181
Other purposes. . . . . . . . . . . . . . . . . . . . . - 106,279 106,279
Assigned:
Student instruction. . . . . . . . . . . . . . . . . . . 137,667 - 137,667
Student and staff support. . . . . . . . . . . . . . . . 676,504 - 676,504
Extracurricular activities. . . . . . . . . . . . . . . . 13,588 - 13,588
Rotary services. . . . . . . . . . . . . . . . . . . . . 202,353 - 202,353
Other purposes. . . . . . . . . . . . . . . . . . . . . 28,025 - 28,025
Unassigned (deficit) . . . . . . . . . . . . . . . . . . . 29,656,843 (92,868) 29,563,975
Total fund balances . . . . . . . . . . . . . . . . . . . 30,850,123 1,515,715 32,365,838
Total liabilities, deferred inflows of resources
and fund balances . . . . . . . . . . . . . . . . . . . . $ 76,606,004 $ 3,262,473 $ 79,868,477
SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS

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