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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO
NET POSITION BY COMPONENT
LAST TEN FISCAL YEARS
(ACCRUAL BASIS OF ACCOUNTING)
2015 2014 2013 2012 2011
Governmental activities $ 38,781,982 $ 36,460,488 $ 33,552,876 $ 23,427,664 $ 22,009,927
Net investment in capital assets 2,510,271 3,842,694 4,604,254 6,910,143 6,330,508
Restricted 9,465,979
Unrestricted (deficit) (62,406,391) (69,963,967) 10,365,649 10,747,276
$ (21,114,138) $ (29,660,785) $ 48,522,779 $ 41,085,083 $ 37,806,414
Total governmental activities net position
$ 469,428
Business-type activities $ 17,732 $ (87,398) $ 734,376 $ 614,762 $ 469,428
Unrestricted (deficit)
$ 17,732 $ (87,398) $ 734,376 $ 614,762 $ 22,009,927
Total business-type activities net position 6,330,508
9,935,407
Primary government $ 38,781,982 $ 36,460,488 $ 33,552,876 $ 23,427,664
Net investment in capital assets 2,510,271 3,842,694 4,604,254 6,910,143 $ 38,275,842
Restricted
Unrestricted (deficit) (62,388,659) (70,051,365) 11,100,025 11,362,038
$ (21,096,406) $ (29,748,183) $ 49,257,155 $ 41,699,845
Total primary government net position
Source: School District financial records.
Note: The District implemented GASB Statement No. 68 in 2015 which had the effect of restating 2014 net position.
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