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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

NOTES TO THE BASIC FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2015

NOTE 7 - CAPITAL ASSETS

Capital assets activity for the fiscal year ended June 30, 2015 was as follows:

Balance Additions Deductions Balance
07/01/14 06/30/15

Governmental activities: $ 1,032,204 $ - $ - $ 1,032,204
Capital assets, not being depreciated:
523,955 2,002,702 (2,204,478) 322,179
Land
Construction in progress 1,556,159 2,002,702 (2,204,478) 1,354,383

Total capital assets, not being depreciated 5,951,141 140,635 - 6,091,776
73,218,998 2,648,923 - 75,867,921
Capital assets, being depreciated: 12,466,720 - 12,868,871
Land improvements 402,151 (240,076)
Buildings and improvements 4,935,887 287,435 - 4,983,246
Furniture and equipment 390,819 390,819
Vehicles -
Computer software 96,963,565 (240,076) 100,202,633
3,479,144
Total capital assets, being depreciated
(1,621,827) (144,825) - (1,766,652)
Less: accumulated depreciation (27,613,728) (1,341,996) - (28,955,724)
Land improvements -
Buildings and improvements (9,041,146) (412,928) 216,068 (9,454,074)
Furniture and equipment (3,797,799) (148,898) - (3,730,629)
Vehicles (120,044)
Computer software (147,474) 0 (267,518)
(2,168,691)
Total accumulated depreciation (42,221,974) 216,068 (44,174,597)

Governmental activities capital assets, net $ 56,297,750 $ 3,313,155 $ (2,228,486) $ 57,382,419

Depreciation expense was charged to governmental functions as follows:

Instruction: $ 1,369,017
Regular 51,619
Special 18,316
Vocational
17,722
Support services: 57,807
Pupil 33,392
Instructional staff 65,985
Administration 149,410
Operations and maintenance 120,044
Pupil transportation
Central 257,529
27,850
Extracurricular activities
Food service operations $ 2,168,691

Total depreciation expense

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