Page 42 - Hudson CAFR Report 2018

HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

STATEMENT OF NET POSITION
JUNE 30, 2018

Governmental Business-type Total
Activities Activities

Assets: $ 125,928,469 $ 1,388,582 $ 127,317,051
Equity in pooled cash and investments . . . . . . .
Receivables: 51,691,008 - 51,691,008
536,131 - 536,131
Property taxes . . . . . . . . . . . . . . . . . . . 568,033 - 568,033
Payment in lieu of taxes . . . . . . . . . . . . . . 499,942 - 499,942
Intergovernmental . . . . . . . . . . . . . . . . . 89,377 987 90,364
Accrued interest . . . . . . . . . . . . . . . . . . 48,301 - 48,301
Prepayments . . . . . . . . . . . . . . . . . . . . . 9,486 - 9,486
Materials and supplies inventory. . . . . . . . . . .
Inventory held for resale . . . . . . . . . . . . . . . 1,476,369 - 1,476,369
Capital assets: 55,418,176 - 55,418,176
Nondepreciable capital assets . . . . . . . . . . . 56,894,545 - 56,894,545
Depreciable capital assets, net . . . . . . . . . . . 236,265,292 1,389,569 237,654,861
Capital assets, net . . . . . . . . . . . . . . . . .
Total assets . . . . . . . . . . . . . . . . . . . . . .

Deferred outflows of resources: 1,291,277 - 1,291,277
Unamortized deferred charges on debt refunding. . . 22,650,876 279,782 22,930,658
Pension. . . . . . . . . . . . . . . . . . . . . . . .
OPEB . . . . . . . . . . . . . . . . . . . . . . . . . 768,494 36,858 805,352
Total deferred outflows of resources . . . . . . . . . 24,710,647 316,640 25,027,287

Liabilities: 812,269 50,778 863,047
Accounts payable . . . . . . . . . . . . . . . . . . . 217,216 - 217,216
Contracts payable . . . . . . . . . . . . . . . . . . . 5,875,675 5,932,847
Accrued wages and benefits payable. . . . . . . . . . 934,208 57,172 948,653
Pension and postemployment benefits payable . . . . 185,651 14,445 186,489
Intergovernmental payable. . . . . . . . . . . . . . . 1,056,328 1,056,328
Accrued interest payable. . . . . . . . . . . . . . . . 725,386 838 725,386
Claims payable. . . . . . . . . . . . . . . . . . . . . -
Long-term liabilities: 5,399,241 - 5,412,706

Due within one year. . . . . . . . . . . . . . . . . . 77,577,324 13,465 78,636,607
Due in more than one year: 17,678,767 18,101,350
102,160,210 1,059,283 102,177,954
Net pension liability (See Note 12). . . . . . . . . 212,622,275 422,583 214,258,583
Net OPEB liability (See Note 13) . . . . . . . . . 17,744
Other amounts due in more than one year. . . . . .
1,636,308
Total liabilities . . . . . . . . . . . . . . . . . . . . .

Deferred inflows of resources: 45,105,161 - 45,105,161
Property taxes levied for the next fiscal year . . . . . . 536,131 - 536,131
Payment in lieu of taxes levied for the next fiscal year . 35,779
Pension . . . . . . . . . . . . . . . . . . . . . . . . . 4,992,953 42,745 5,028,732
OPEB . . . . . . . . . . . . . . . . . . . . . . . . . . 2,210,023 78,524 2,252,768
Total deferred inflows of resources . . . . . . . . . . . 52,844,268 52,922,792

Net position: 39,999,721 - 39,999,721
Net investment in capital assets . . . . . . . . . . . . .
Restricted for: 1,117,574 $ - 1,117,574
Capital projects . . . . . . . . . . . . . . . . . . . . . 5,402,194 - 5,402,194
Debt service. . . . . . . . . . . . . . . . . . . . . . . -
Locally funded programs . . . . . . . . . . . . . . . . 102,193 - 102,193
State funded programs . . . . . . . . . . . . . . . . . 143,304 - 143,304
Federally funded programs . . . . . . . . . . . . . . . 123,004 - 123,004
Student activities . . . . . . . . . . . . . . . . . . . . 206,959 - 206,959
Other purposes . . . . . . . . . . . . . . . . . . . . . 246,733 (8,623) 246,733
Unrestricted (deficit) . . . . . . . . . . . . . . . . . . . (51,832,286) (51,840,909)
(8,623)
Total net position (deficit) . . . . . . . . . . . . . . . . $ (4,490,604) $ (4,499,227)

SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS

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