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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
JUNE 30, 2015
Business-Type Governmental
Activities - Activities -
Community Internal
Education Funds Service Funds
Assets: $ 1,127,252 $ 3,709,520
Current assets:
1,127,252 3,709,520
Equity in pooled cash and investments . . . . .
Total assets . . . . . . . . . . . . . . . . . . . .
Deferred outflows of resources: 11,668 -
Pension - STRS . . . . . . . . . . . . . . . . . . 62,898 -
Pension - SERS . . . . . . . . . . . . . . . . . . 74,566 -
Total deferred outflows of resources. . . . . . . .
Liabilities: 51,210 6,049
Current liabilities: 57,125 -
-
Accounts payable . . . . . . . . . . . . . . . . 5,108 -
Accrued wages and benefits . . . . . . . . . . . 17,557
Compensated absences. . . . . . . . . . . . . . 220
Pension and postemployment benefits payable. . 2,605 509,862
Intergovernmental payable. . . . . . . . . . . . -
Claims payable. . . . . . . . . . . . . . . . . . 516,131
133,605
Total current liabilities . . . . . . . . . . . . . . . -
9,214 -
Long-term liabilities: 892,573
Compensated absences payable. . . . . . . . . . -
Net pension liability. . . . . . . . . . . . . . . . 901,787
516,131
Total long-term liabilities. . . . . . . . . . . . . . 1,035,392
Total liabilities . . . . . . . . . . . . . . . . . . .
Deferred inflows of resources: 31,184 -
Pension - STRS . . . . . . . . . . . . . . . . . . . 117,510 -
Pension - SERS . . . . . . . . . . . . . . . . . . . 148,694 -
Total deferred inflows of resources . . . . . . . . .
Net position: 17,732 3,193,389
Unrestricted . . . . . . . . . . . . . . . . . . . . .
Total net position . . . . . . . . . . . . . . . . . . $ 17,732 $ 3,193,389
SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS
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