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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2015

(UNAUDITED)

Change in Net Position

Governmental Business-Type

Activities Activities Total
Restated
Restated Restated 2014

2015 2014 2015 2014 2015

Revenues $ 3,087,713 $ 3,233,042 $1,369,879 $1,402,122 $ 4,457,592 $ 4,635,164
Program revenues: 5,324,592 5,604,408 - - 5,324,592 5,604,408
255,091 1,205,481 - - 255,091 1,205,481
Charges for services and sales
Operating grants and contributions 44,231,074 47,491,213 - - 44,231,074 47,491,213
Capital grants and contributions 984,788 515,367 - - 984,788 515,367
General revenues: 50,644 49,354
Property taxes 18,210,293 17,664,962 - - 18,260,937 17,714,316
Payments in lieu of taxes 125,658 62,124 - - 125,658 62,124
Grants and entitlements 270,980 270,980
Investment earnings 194,817 1,420,523 1,451,476 194,817
Miscellaneous 72,490,189 73,910,712
75,971,414 77,422,890
Total revenues
-Continued

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