Page 75 - Hudson City Schools CAFR 2017

HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

NOTES TO THE BASIC FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2017

NOTE 7 - CAPITAL ASSETS

Capital assets activity for the fiscal year ended June 30, 2017 was as follows:

Balance Balance
07/01/16 Additions Deductions 06/30/17
Governmental activities:
Capital assets, not being depreciated:
Land $ 1,032,204 $ - $ - $ 1,032,204
Total capital assets, not being depreciated 1,032,204 - - 1,032,204

Capital assets, being depreciated:
Land improvements 6,487,120 76,200 - 6,563,320
Buildings and improvements 76,969,876 1,768,908 - 78,738,784
Furniture and equipment 13,381,306 199,677 - 13,580,983
Vehicles 5,194,535 387,090 (174,571) 5,407,054
Computer software 390,819 - - 390,819

Total capital assets, being depreciated 102,423,656 2,431,875 (174,571) 104,680,960
Less: accumulated depreciation
Land improvements (1,918,344) (162,381) - (2,080,725)
Buildings and improvements (30,371,255) (1,471,032) - (31,842,287)
Furniture and equipment (9,903,158) (486,382) - (10,389,540)
Vehicles (3,914,228) (218,846) 157,112 (3,975,962)
Computer software (359,156) (6,418) - (365,574)
0
Total accumulated depreciation (46,466,141) (2,345,059) 157,112 (48,654,088)
Governmental activities capital assets, net $ 56,989,719 $ 86,816 $ (17,459) $ 57,059,076

Depreciation expense was charged to governmental functions as follows:

Instruction:
Regular $ 1,502,637
Special 53,747
Vocational 20,942
Support services:
Pupil 19,172
Instructional staff 61,914
Administration 35,708
Operations and maintenance 108,253
Pupil transportation 200,385
Central 6,418
Extracurricular activities 305,481
Food service operations 30,402
Total depreciation expense $ 2,345,059

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