Page 47 - Hudson CAFR Report 2018

HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS

FOR THE FISCAL YEAR ENDED JUNE 30, 2018

General Building Nonmajor Total
Governmental Governmental

Funds Funds

Revenues: $ 44,769,905 $ - $ 4,696,219 $ 49,466,124
From local sources:
Property taxes . . . . . . . . . . . . . . . . 658,751 - - 658,751

Payment in lieu of taxes . . . . . . . . . . . 1,000,995 - - 1,000,995
Tuition . . . . . . . . . . . . . . . . . . . .
Earnings on investments . . . . . . . . . . . 447,398 (170,335) 7,851 284,914
Charges for services . . . . . . . . . . . . .
Extracurricular . . . . . . . . . . . . . . . . 1,454 - 1,295,372 1,296,826
Classroom materials and fees. . . . . . . . .
Other local revenues . . . . . . . . . . . . . 531,583 - 397,509 929,092
Intergovernmental - intermediate . . . . . . .
Intergovernmental - state . . . . . . . . . . . 334,060 - - 334,060
Intergovernmental - federal . . . . . . . . . .
Total revenues . . . . . . . . . . . . . . . . . 396,742 - 251,612 648,354

- 1,492,683 33,155 1,525,838

16,393,747 - 2,180,306 18,574,053

- - 1,798,717 1,798,717

64,534,635 1,322,348 10,660,741 76,517,724

Expenditures: 27,274,019 - 2,244,241 29,518,260
Current: 8,913,623 - 819,991 9,733,614
Instruction: 294,134 - 2,000 296,134
1,528,941 - 49,625 1,578,566
Regular . . . . . . . . . . . . . . . . . . . .
Special . . . . . . . . . . . . . . . . . . . . 4,269,094 - 790,709 5,059,803
Vocational . . . . . . . . . . . . . . . . . . 2,147,235 - 65,165 2,212,400
Other . . . . . . . . . . . . . . . . . . . . . - -
Support services: 150,458 - 150,458
Pupil. . . . . . . . . . . . . . . . . . . . . . 4,155,107 - 185,059 4,340,166
Instructional staff . . . . . . . . . . . . . . . 1,349,798 - 110,556 1,460,354
Board of education . . . . . . . . . . . . . . -
Administration . . . . . . . . . . . . . . . . 653,470 - - 653,470
Fiscal . . . . . . . . . . . . . . . . . . . . . 5,198,448 - 7,746 5,206,194
Business . . . . . . . . . . . . . . . . . . . . 3,958,886 236,799 4,195,685
Operations and maintenance. . . . . . . . . . -
Pupil transportation . . . . . . . . . . . . . . 596,109 - - 596,109
Central . . . . . . . . . . . . . . . . . . . . . -
Operation of non-instructional services: - 600,665 1,475,061 1,475,061
Food service operations . . . . . . . . . . . . 9,053 29,962 39,015
Other non-instructional services . . . . . . . . 1,388,245 -
Extracurricular activities . . . . . . . . . . . . . - 514,614 1,902,859
Facilities acquisition and construction . . . . . . - - 1,180,000 1,780,665
Debt service: 600,665
Principal retirement . . . . . . . . . . . . . . . 547,129 640,000 1,187,129
Interest and fiscal charges . . . . . . . . . . . . 98,090 583,214 681,304
Bond issuance costs . . . . . . . . . . . . . . . - 543,833 543,833
Total expenditures. . . . . . . . . . . . . . . . . 9,478,575
62,531,839 72,611,079

Excess of revenues over expenditures . . . . . . . 2,002,796 721,683 1,182,166 3,906,645

Other financing sources (uses): - - 3,560,314 3,560,314
Premium on sale of bonds . . . . . . . . . . . . - 81,550,000 - 81,550,000
Sale of bonds. . . . . . . . . . . . . . . . . . . 22,152
Proceeds from sale of assets . . . . . . . . . . . - - 2,867 25,019
Transfers in. . . . . . . . . . . . . . . . . . . . (546,000) 500,000 1,284,000 1,784,000
Transfers (out) . . . . . . . . . . . . . . . . . . 1,190,970 (1,238,000) (1,784,000)
Inception of capital lease . . . . . . . . . . . . . - 1,190,970
Total other financing sources (uses). . . . . . . . 667,122 - - 86,326,303
4,847,181
Net change in fund balances. . . . . . . . . . . . 80,812,000 90,232,948
6,029,347
Fund balances at beginning of year. . . . . . . 2,669,918 81,533,683 32,365,838
Fund balances at end of year . . . . . . . . . . 1,098,067 $ 122,598,786
30,850,123 417,648 7,127,414

$ 33,520,041 $ 81,951,331 $

SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS

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