Page 51 - Hudson City Schools CAFR 2017

HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2017
Business-Type Governmental
Activities - Activities -
Community Internal
Education Funds Service Funds
Cash flows from operating activities:
Cash received from sales/charges for services. . . . . $ 1,443,154 $ 8,909,068
Cash received from other operations. . . . . . . . . . - 11,521
Cash payments for personal services. . . . . . . . . . (552,781) (30,468)
Cash payments for contractual services . . . . . . . . (740,660) (1,415,344)
Cash payments for materials and supplies . . . . . . . (62,547) -
Cash payments for claims . . . . . . . . . . . . . . . - (8,293,452)
Cash payments for other expenses . . . . . . . . . . . (46,670) -

Net cash provided by (used in)
operating activities. . . . . . . . . . . . . . . . . . 40,496 (818,675)

Cash flows from noncapital financing activities:
Cash received from grants . . . . . . . . . . . . . . . 56,635 -

Net cash provided by noncapital
financing activities. . . . . . . . . . . . . . . . . . 56,635 -

Net increase (decrease) in cash and investments. . . . . 97,131 (818,675)
Cash and investments at beginning of year . . . . . . 1,194,257 2,790,987
Cash and investments at end of year. . . . . . . . . . $ 1,291,388 $ 1,972,312

Reconciliation of operating income (loss) to net
cash provided by (used in) operating activities:

Operating income (loss) . . . . . . . . . . . . . . . . . $ (24,732) $ (912,306)

Changes in assets, deferred outflows of resources,
liabilities and deferred inflows of resources:
(Increase) in prepayments . . . . . . . . . . . . . . . (893) (145)
(Increase) in deferred outflows, pensions . . . . . . . (192,436) -
Increase in accounts payable. . . . . . . . . . . . . . 19,885 -
(Decrease) in accrued wages and benefits . . . . . . . (230) -
Increase in intergovernmental payable. . . . . . . . . 35 -
Increase in compensated absences payable . . . . . . 4,295 -
(Decrease) in pension and postemployment
benefits payable . . . . . . . . . . . . . . . . . . . (263) -
Increase in claims payable . . . . . . . . . . . . . . . - 93,776
Increase in net pension liability . . . . . . . . . . . . 253,806 -
(Decrease) in deferred inflows, pensions. . . . . . . . (18,971) -

Net cash provided by (used in)
operating activities. . . . . . . . . . . . . . . . . . $ 40,496 $ (818,675)

SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS

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