Page 39 - Hudson CAFR Report 2018
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HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2018
(UNAUDITED)
The following graphs show the breakdown of governmental activities capital assets by category for 2018 and 2017.
Capital Assets - Governmental Activities Capital Assets - Governmental Activities
2018 2017
Vehicles Computer CIP Vehicles Computer Furniture and
3% software 1% Furniture and 3% software equipment
6%
0% equipment 0%
7%
Land Land
2% 2%
Building & Land Imp. Building & Land Imp.
Imp. 8% Imp. 8%
79% 81%
See Note 7 in the notes to the basic financial statements for more information on the District’s capital assets.
Debt Administration
At June 30, 2018, the District had $100,140,888 in general obligation bonds, certificates of participation and capital
leases outstanding. Of this total, $4,967,944 is due within one year and $95,172,944 is due in greater than one year. The
following table summarizes the District’s outstanding debt.
Outstanding Debt, at Year End
Energy Conservation Bonds Governmental Governmental
Qualified School Construction Bonds Activities Activities
Certificates of Participation 2018 2017
School Improvement Bonds - Series 2018
Capital Leases $ 905,000 $ 1,105,000
1,135,000 1,285,000
Total
15,525,000 16,165,000
81,550,000 -
1,025,888 355,113
$ 100,140,888 $ 18,910,113
All bonds are general obligations of the District for which the full faith and credit of the District is pledged for
repayment. Additions to long-term debt in fiscal year 2018 included general obligation bonds of $81,550,000 and a
capital lease in the amount of $1,190,970 to replace copiers acquired under a previous capital lease. Total debt
retirements for the year amounted to $1,510,195.
See Note 8 in the notes to the basic financial statements for more information on the District’s debt administration.
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