Page 46 - Hudson CAFR Report 2018

HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO
NET POSITION OF GOVERNMENTAL ACTIVITIES
JUNE 30, 2018

Total governmental fund balances $ 122,598,786
56,894,545
Amounts reported for governmental activities on the
statement of net position are different because: 1,237,169
946,965
Capital assets used in governmental activities are not financial
resources and therefore are not reported in the funds. (3,590,364)
1,291,277
Other long-term assets are not available to pay for current-period $ 721,217 (1,056,328)
expenditures and therefore are deferred inflows of resources in 392,948
the funds. 123,004 (59,919,401)

Property taxes receivable (19,120,296)
Accrued interest receivable
Intergovernmental receivable (103,772,957)
Total (4,490,604)

An internal service fund is used by management to charge the
costs of insurance to individual funds. The assets and
liabilities of the internal service fund are included in
governmental activities on the statement of net position.

Unamortized premiums on bonds issued are not recognized
in the funds.

Deferred amounts on refundings are not recognized in the funds.

Accrued interest payable is not due and payable in the
current period and therefore is not reported in the funds.

The net pension liability is not due and payable in the current period, 22,650,876
therefore, the liability and related deferred inflows and outflows of (4,992,953)
resources are not reported in governmental funds. (77,577,324)

Deferred outflows of resources - pension
Deferred inflows of resources - pension
Net pension liability
Total

The net OPEB liability is not due and payable in the current period, 768,494
therefore, the liability and related deferred inflows and outflows of (2,210,023)
resources are not reported in governmental funds. (17,678,767)

Deferred outflows of resources - OPEB
Deferred inflows of resources - OPEB
Net OPEB liability
Total

Long-term liabilities, including bonds payable, are not due and (83,590,000)
payable in the current period and therefore are not reported (15,525,000)
in the funds.
(1,025,888)
General obligation bonds (3,632,069)
Certificates of participation
Capital lease obligations
Compensated absences
Total

Net position of governmental activities $

SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS

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