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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
AGENCY FUNDS

FOR THE FISCAL YEAR ENDED JUNE 30, 2015

Student Activities Balance Additions Reductions Balance
July 1, 2014 $ 88,062 $ 79,628 June 30, 2015
Assets: $ 88,062 $ 79,628
Equity in pooled cash and investments . . . . . . . . $ 89,570 $ 98,004

Total assets. . . . . . . . . . . . . . . . . . . . . . . $ 89,570 $ 98,004

Liabilities: $ 10,955 $ 11,237 $ 10,955 $ 11,237
Accounts payable. . . . . . . . . . . . . . . . . . .
Due to students. . . . . . . . . . . . . . . . . . . . 78,615 76,825 68,673 86,767

Total liabilities. . . . . . . . . . . . . . . . . . . . . $ 89,570 $ 88,062 $ 79,628 $ 98,004

Six District Educational Compact Balance Additions Reductions Balance
July 1, 2014 $ 637,780 $ 554,417 June 30, 2015
Assets:
Equity in pooled cash and investments . . . . . . . . $ 169,829 2,973 - $ 253,192
Receivables: $ 640,753 $ 554,417
Intergovernmental . . . . . . . . . . . . . . . . . . - 2,973

Total assets. . . . . . . . . . . . . . . . . . . . . . . $ 169,829 $ 256,165

Liabilities: $ 2,968 $ 971 $ 2,968 $ 971
Accounts payable. . . . . . . . . . . . . . . . . . .
Accrued wages and benefits . . . . . . . . . . . . . 3,593 3,420 3,593 3,420
Pension and postemployment benefits payable . . .
Intergovernmental payable . . . . . . . . . . . . . . 4,500 3,912 4,500 3,912
Undistributed monies . . . . . . . . . . . . . . . .
3,131 2,369 3,131 2,369
Total liabilities. . . . . . . . . . . . . . . . . . . . .
155,637 630,081 540,225 245,493
Total
$ 169,829 $ 640,753 $ 554,417 $ 256,165
Assets:
Equity in pooled cash and investments . . . . . . . . Balance Additions Reductions Balance
Receivables: July 1, 2014 $ 725,842 $ 634,045 June 30, 2015
Intergovernmental . . . . . . . . . . . . . . . . . .
$ 259,399 2,973 - $ 351,196
Total assets. . . . . . . . . . . . . . . . . . . . . . . $ 728,815 $ 634,045
- 2,973
Liabilities:
Accounts payable. . . . . . . . . . . . . . . . . . . $ 259,399 $ 354,169
Accrued wages and benefits . . . . . . . . . . . . .
Pension and postemployment benefits payable . . . $ 13,923 $ 12,208 $ 13,923 $ 12,208
Intergovernmental payable . . . . . . . . . . . . . .
Due to students. . . . . . . . . . . . . . . . . . . . 3,593 3,420 3,593 3,420
Undistributed monies . . . . . . . . . . . . . . . .
4,500 3,912 4,500 3,912
Total liabilities. . . . . . . . . . . . . . . . . . . . .
3,131 2,369 3,131 2,369

78,615 76,825 68,673 86,767

155,637 630,081 540,225 245,493

$ 259,399 $ 728,815 $ 634,045 $ 354,169

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