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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)

Revenues 2015 2014 Percentage
Taxes Amount Amount Change
Payments in lieu of taxes
Tuition $ 43,333,058 $ 44,781,683 (3.23) %
Interest earnings 484,788 515,367 (5.93) %
Intergovernmental 641,669 800,280 (19.82) %
Other revenues 37,808 56,240 (32.77) %
1.52 %
17,914,851 17,647,098 7.75 %
1,077,323 999,843
(2.02) %
Total $ 63,489,497 $ 64,800,511

The overall decrease in revenues is mostly due to the decreased property taxes revenue. The primary reason for this is
fluctuations in the amount of tax advances available at year-end, as discussed on page F 13. For the general fund, the
amount of tax advances available at June 30, 2015, 2014 and 2013 were approximately $8.6 million, $6.2 million and
$1.8 million, respectively. The District had fewer pupils from other school districts who attended the District’s special
education programs which contributed to the decline in tuition revenue.

The following table assists in illustrating the expenditures of the general fund.

Expenditures 2015 2014 Percentage
Instruction Amount Amount Change
Support services
Other non-instructional services $ 34,463,037 $ 34,510,512 (0.14) %
Extracurricular activities 20,287,942 20,195,580 0.46 %
Debt service 6,000 8,637 (30.53) %
1,006,243 976,546 3.04 %
Total 766,342 741,719 3.32 %

$ 56,529,564 $ 56,432,994 0.17 %

Overall, general fund expenditures were comparable to the prior year. There were slight increases in employees’
retirement and insurance benefits expenditures, mostly as a result of increased medical insurance costs. In addition,
purchased services expenditures for pupil transportation were higher in fiscal year 2015. However, expenditures
decreased in several areas, including professional and legal fees and property tax collection fees.

Enterprise Fund

The District maintains an enterprise fund to account for the community education program. Since the enterprise fund is
accounted for on the same basis of accounting as business-type activities (the accrual basis of accounting), the statement
of net position and the results of operations on the fund financial statements mirror those reported as business-type
activities on the District-wide financial statements. See page F 15 for a discussion of the District’s business-type
activities.

F 16