Page 46 - Hudson City Schools CAFR 2017

HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2017
Nonmajor Total
Governmental Governmental
General Funds Funds
Revenues:
From local sources:
Property taxes . . . . . . . . . . . . . . . . $ 37,540,120 $ 1,098,684 $ 38,638,804
Payment in lieu of taxes . . . . . . . . . . . 566,274 - 566,274
Tuition . . . . . . . . . . . . . . . . . . . . 814,892 - 814,892
Earnings on investments . . . . . . . . . . . 303,765 5,536 309,301
Charges for services . . . . . . . . . . . . . 1,768 1,262,575 1,264,343
Extracurricular . . . . . . . . . . . . . . . . 473,387 383,812 857,199
Classroom materials and fees. . . . . . . . . 338,123 - 338,123
Other local revenues . . . . . . . . . . . . . 423,543 205,009 628,552
Intergovernmental - intermediate . . . . . . . - 1,403,079 1,403,079
Intergovernmental - state . . . . . . . . . . . 17,594,005 2,572,866 20,166,871
Intergovernmental - federal . . . . . . . . . . - 1,716,766 1,716,766
Total revenues . . . . . . . . . . . . . . . . . 58,055,877 8,648,327 66,704,204

Expenditures:
Current:
Instruction:
Regular . . . . . . . . . . . . . . . . . . . . 24,936,123 2,105,613 27,041,736
Special . . . . . . . . . . . . . . . . . . . . 8,583,339 736,856 9,320,195
Vocational . . . . . . . . . . . . . . . . . . 309,872 2,000 311,872
Other . . . . . . . . . . . . . . . . . . . . . 1,250,599 10,800 1,261,399
Support services:
Pupil. . . . . . . . . . . . . . . . . . . . . . 4,107,995 825,418 4,933,413
Instructional staff . . . . . . . . . . . . . . . 2,049,594 51,192 2,100,786
Board of education . . . . . . . . . . . . . . 78,386 - 78,386
Administration . . . . . . . . . . . . . . . . 3,847,226 181,607 4,028,833
Fiscal . . . . . . . . . . . . . . . . . . . . . 1,297,138 64,521 1,361,659
Business . . . . . . . . . . . . . . . . . . . . 613,035 - 613,035
Operations and maintenance. . . . . . . . . . 5,087,003 8,191 5,095,194
Pupil transportation . . . . . . . . . . . . . . 3,690,527 337,398 4,027,925
Central . . . . . . . . . . . . . . . . . . . . . 531,025 600 531,625
Operation of non-instructional services:
Food service operations . . . . . . . . . . . . - 1,537,420 1,537,420
Other non-instructional services . . . . . . . . 14,814 22,598 37,412
Extracurricular activities . . . . . . . . . . . . . 1,204,049 448,651 1,652,700
Facilities acquisition and construction . . . . . . - 2,095,139 2,095,139
Debt service:
Principal retirement . . . . . . . . . . . . . . . 534,911 620,000 1,154,911
Interest and fiscal charges . . . . . . . . . . . . 98,310 595,614 693,924
Total expenditures. . . . . . . . . . . . . . . . . 58,233,946 9,643,618 67,877,564
Excess (deficiency) of revenues over (under)
expenditures . . . . . . . . . . . . . . . . . . . (178,069) (995,291) (1,173,360)
Other financing sources (uses):
Proceeds from sale of assets . . . . . . . . . . . - 8,089 8,089
Transfers in. . . . . . . . . . . . . . . . . . . . - 1,796,000 1,796,000
Transfers (out) . . . . . . . . . . . . . . . . . . (561,000) (1,235,000) (1,796,000)
Total other financing sources (uses). . . . . . . . (561,000) 569,089 8,089

Net change in fund balances. . . . . . . . . . . . (739,069) (426,202) (1,165,271)

Fund balances at beginning of year. . . . . . . 31,589,192 1,941,917 33,531,109
Fund balances at end of year . . . . . . . . . . $ 30,850,123 $ 1,515,715 $ 32,365,838

SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS

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