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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF JUNE 30, 2015
Governmental Unit Debt Estimated Direct Debt and
Outstanding Percentage Estimated Share of
Applicable Overlapping Debt
Direct debt: $ 21,333,973 (a) 100.00% $ 21,333,973
Hudson City School District
Total direct debt 21,333,973 21,333,973
Overlapping debt: 37,943,500 99.70% 37,829,670
City of Hudson 9,215,000 2.46% 226,689
City of Cuyahoga Falls 8.15%
Summit County 37,505,000 8.15% 3,056,658
Metro Transit - -
Total overlapping debt 84,663,500 41,113,017
Total direct and overlapping debt $ 105,997,473 $ 62,446,990
Source: Ohio Municipal Advisory Council
Note: The District's share of the overlapping debt is calculated as the debt outstanding for each noted governmental unit multiplied by the
estimated percentage applicable to the District. The percentage applicable to the District is calculated as the assessed valuation of the District's
area contained within the noted governmental unit divided by the total assessed valuation of the governmental unit.
(a) Details regarding the District's outstanding debt can be found in the notes to the financial statements.
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