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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO
STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN NET POSITION
PROPRIETARY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2015
Operating revenues: Business-Type Governmental
Sales/charges for services. . . . . . . . . . Activities - Activities -
Other . . . . . . . . . . . . . . . . . . . . Community Internal
Education Funds Service Funds
$ 1,369,879 $ 7,979,132
- 1,156
Total operating revenues . . . . . . . . . . 1,369,879 7,980,288
Operating expenses: 575,816 32,671
Personal services . . . . . . . . . . . . . . 648,079 1,171,715
Purchased services. . . . . . . . . . . . . .
Materials and supplies. . . . . . . . . . . . 55,761 2,706
Capital outlay . . . . . . . . . . . . . . . . - -
Claims . . . . . . . . . . . . . . . . . . . . -
Other. . . . . . . . . . . . . . . . . . . . . 7,292,162
35,737 -
Total operating expenses. . . . . . . . . . . 1,315,393 8,499,254
Operating income (loss) . . . . . . . . . . . 54,486 (518,966)
Nonoperating revenues: 50,644 -
Grants . . . . . . . . . . . . . . . . . . . .
Change in net position. . . . . . . . . . . . 105,130 (518,966)
Net position (deficit) at beginning (87,398) 3,712,355
of year (restated) . . . . . . . . . . . . .
$ 17,732 $ 3,193,389
Net position at end of year . . . . . . . . .
SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS
F 30
