Page 29 - Hudson CAFR Report 2018

HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2018

(UNAUDITED)

Net Position

Governmental Activities Business-Type Activities Total

(Restated) (Restated) (Restated)

2018 2017 2018 2017 2018 2017

Assets $ 179,370,747 $ 81,728,048 $ 1,389,569 $ 1,292,281 $ 180,760,316 $ 83,020,329
Current assets 56,894,545 57,059,076 - - 56,894,545 57,059,076
Capital assets, net

Total assets 236,265,292 138,787,124 1,389,569 1,292,281 237,654,861 140,079,405

Deferred outflows of resources 1,291,277 1,372,405 - - 1,291,277 1,372,405
22,650,876 19,263,885 279,782 285,733 22,930,658 19,549,618
Other amounts 36,858
Pension 768,494 156,992 7,057 805,352 164,049
OPEB 316,640
Total deferred 24,710,647 20,793,282 292,790 25,027,287 21,086,072
outflows of resources

Liabilities 9,806,733 7,729,004 123,233 125,250 9,929,966 7,854,254
Current liabilities
Long-term liabilities: 5,399,241 1,584,316 13,465 8,845 5,412,706 1,593,161
77,577,324 107,200,357 1,059,283 1,253,576 78,636,607 108,453,933
Due within one year 17,678,767 18,101,350
Net pension liability 102,160,210 22,117,747 422,583 424,206 102,177,954 22,541,953
Net OPEB liability 21,216,693 17,744 16,407 21,233,100
Other amounts

Total liabilities 212,622,275 159,848,117 1,636,308 1,828,284 214,258,583 161,676,401

Deferred inflows of resources 45,641,292 39,173,715 - - 45,641,292 39,173,715
Other amounts 4,992,953 2,243,672 35,779 27,137 5,028,732 2,270,809
Pension 2,210,023 42,745 2,252,768 -
OPEB - -
78,524 52,922,792 41,444,524
Total deferred 52,844,268 41,417,387 27,137

inflows of resources

Net Position 39,999,721 40,576,526 - - 39,999,721 40,576,526
Net investment in capital assets 7,341,961 1,694,486 - - 7,341,961 1,694,486
Restricted (8,623) (270,350)
Unrestricted (51,832,286) (83,956,110) (51,840,909) (84,226,460)

Total net position $ (4,490,604) $ (41,685,098) $ (8,623) $ (270,350) $ (4,499,227) $ (41,955,448)

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