Page 49 - Hudson City Schools CAFR 2017
P. 49
HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
JUNE 30, 2017
Business-Type Governmental
Activities - Activities -
Community Internal
Education Funds Service Funds
Assets:
Current assets:
Equity in pooled cash and investments . . . . . $ 1,291,388 $ 1,972,312
Prepayments . . . . . . . . . . . . . . . . . . . 893 145
Total assets . . . . . . . . . . . . . . . . . . . . 1,292,281 1,972,457
Deferred outflows of resources:
Pension - STRS . . . . . . . . . . . . . . . . . . 73,014 -
Pension - SERS . . . . . . . . . . . . . . . . . . 212,719 -
Total deferred outflows of resources. . . . . . . . 285,733 -
Liabilities:
Current liabilities:
Accounts payable . . . . . . . . . . . . . . . . 62,018 -
Accrued wages and benefits . . . . . . . . . . . 50,301 -
Compensated absences. . . . . . . . . . . . . . 8,845 -
Pension and postemployment benefits payable. . 12,173 -
Intergovernmental payable. . . . . . . . . . . . 758 -
Claims payable. . . . . . . . . . . . . . . . . . - 707,271
Total current liabilities . . . . . . . . . . . . . . . 134,095 707,271
Long-term liabilities:
Compensated absences payable. . . . . . . . . . 16,407 -
Net pension liability. . . . . . . . . . . . . . . . 1,253,576 -
Total long-term liabilities. . . . . . . . . . . . . . 1,269,983 -
Total liabilities . . . . . . . . . . . . . . . . . . . 1,404,078 707,271
Deferred inflows of resources:
Pension - STRS . . . . . . . . . . . . . . . . . . . 2,647 -
Pension - SERS . . . . . . . . . . . . . . . . . . . 24,490 -
Total deferred inflows of resources . . . . . . . . . 27,137 -
Net position:
Unrestricted . . . . . . . . . . . . . . . . . . . . . 146,799 1,265,186
Total net position . . . . . . . . . . . . . . . . . . $ 146,799 $ 1,265,186
SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS
F 27
