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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

CHANGES IN NET POSITION - (Continued)
LAST TEN FISCAL YEARS

(ACCRUAL BASIS OF ACCOUNTING)

General Revenues and Other Changes in 2015 2014 2013 2012 2011
Net Position
Governmental activities: $ 42,824,517 $ 44,934,135 $ 38,656,261 $ 36,431,621 $ 37,602,792
Property taxes levied for:
General purposes 139,736 1,237,233 2,138,611 2,116,209 2,249,137
Debt service
Capital outlay 1,266,821 1,319,845 1,128,041 1,132,961 1,268,003
Payments in lieu of taxes
Grants and entitlements not restricted 984,788 515,367 349,063 314,000 314,000
to specific programs
Investment earnings 18,210,293 17,664,962 19,104,616 19,770,571 20,657,581
Miscellaneous 125,658 62,124 58,911 174,389 184,402
Special item 270,980 194,817 215,507 251,152 225,537
Total governmental activities - - - 511,000 -

63,822,793 65,928,483 61,651,010 60,701,903 62,501,452

Business-type activities:

Grants not restricted to specific programs 50,644 49,354 44,407 - -

Total business-type activities 50,644 49,354 44,407 - -

Total primary government $ 63,873,437 $ 65,977,837 $ 61,695,417 $ 60,701,903 $ 62,501,452

Change in Net Position $ 8,546,647 $ 12,087,199 $ 7,437,696 $ 3,278,669 $ 3,394,844
Governmental activities 145,334 $ 70,995
Business-type activities 105,130 106,406 119,614
Total primary government 3,424,003 3,465,839
$ 8,651,777 $ 12,193,605 $ 7,557,310 $

Source: School District financial records.

Note: Beginning in 2007, the District reclassified pass-through expenditures as expenses of the appropriate functions.

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