Page 50 - Hudson City Schools CAFR 2017
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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN NET POSITION
PROPRIETARY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2017
Business-Type Governmental
Activities - Activities -
Community Internal
Education Funds Service Funds
Operating revenues:
Sales/charges for services. . . . . . . . . . $ 1,443,154 $ 8,909,068
Other . . . . . . . . . . . . . . . . . . . . - 11,521
Total operating revenues . . . . . . . . . . 1,443,154 8,920,589
Operating expenses:
Personal services . . . . . . . . . . . . . . 598,124 30,323
Purchased services. . . . . . . . . . . . . . 766,457 1,415,344
Materials and supplies. . . . . . . . . . . . 56,635 -
Claims . . . . . . . . . . . . . . . . . . . . - 8,387,228
Other. . . . . . . . . . . . . . . . . . . . . 46,670 -
Total operating expenses. . . . . . . . . . . 1,467,886 9,832,895
Operating income (loss) . . . . . . . . . . . (24,732) (912,306)
Nonoperating revenues:
Grants . . . . . . . . . . . . . . . . . . . . 56,635 -
Change in net position. . . . . . . . . . . . 31,903 (912,306)
Net position at beginning of year . . . . . 114,896 2,177,492
Net position at end of year . . . . . . . . . $ 146,799 $ 1,265,186
SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS
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