Page 49 - Hudson CAFR Report 2018

HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE - BUDGET AND ACTUAL (NON-GAAP BUDGETARY BASIS)

GENERAL FUND
FOR THE FISCAL YEAR ENDED JUNE 30, 2018

Budgeted Amounts Variance with
Final Budget
Original Final Actual
Positive
Revenues: $ 45,297,964 $ 46,724,978 $ 44,483,161 (Negative)
From local sources:
Property taxes. . . . . . . . . . . . . . . . 597,455 616,277 658,751 $ (2,241,817)
42,474
Payment in lieu of taxes. . . . . . . . . . . 785,925 810,684 880,608 69,924
Tuition. . . . . . . . . . . . . . . . . . . .
Earnings on investments. . . . . . . . . . . 143,389 147,906 393,066 245,160
Extracurricular. . . . . . . . . . . . . . . . (31,003)
Classroom materials and fees . . . . . . . . 316,108 326,066 295,063 (16,132)
Other local revenues . . . . . . . . . . . . .
Intergovernmental - state . . . . . . . . . . . 116,830 120,510 104,378 (8,007)
Total revenues . . . . . . . . . . . . . . . . . (3,165,892)
112,647 116,196 108,189 (5,105,293)

18,989,081 19,587,290 16,421,398

66,359,399 68,449,907 63,344,614

Expenditures: 26,666,250 26,666,250 26,116,414 549,836
Current: 9,106,351 9,106,351 8,860,348 246,003
Instruction: 322,456 322,456 301,435
1,983,892 1,983,892 1,673,341 21,021
Regular . . . . . . . . . . . . . . . . . . . 310,551
Special. . . . . . . . . . . . . . . . . . . . 4,185,011 4,185,011 4,034,251
Vocational. . . . . . . . . . . . . . . . . . 2,468,247 2,468,247 2,126,063 150,760
Other. . . . . . . . . . . . . . . . . . . . . 342,184
Support services: 145,435 145,435 156,745 (11,310)
Pupil. . . . . . . . . . . . . . . . . . . . . 4,265,358 4,265,358 4,327,352 (61,994)
Instructional staff . . . . . . . . . . . . . . 1,498,966 1,498,966 1,364,525 134,441
Board of education . . . . . . . . . . . . .
Administration. . . . . . . . . . . . . . . . 673,063 673,063 651,502 21,561
Fiscal . . . . . . . . . . . . . . . . . . . . 5,456,027 5,456,027 5,320,040 135,987
Business. . . . . . . . . . . . . . . . . . . 3,883,598 3,883,598 3,971,339 (87,741)
Operations and maintenance . . . . . . . .
Pupil transportation . . . . . . . . . . . . . 843,122 843,122 803,163 39,959
Central. . . . . . . . . . . . . . . . . . . . 1,299,855 1,299,855 1,305,164 (5,309)
Extracurricular activities . . . . . . . . . . .
Debt service: 350,000 350,000 350,000 -
Principal . . . . . . . . . . . . . . . . . . . 77,000 77,000 58,774 18,226
Interest and fiscal charges . . . . . . . . . . 1,804,175
63,224,631 63,224,631 61,420,456
Total expenditures . . . . . . . . . . . . . . .

Excess of revenues over expenditures . . . . . 3,134,768 5,225,276 1,924,158 (3,301,118)

Other financing sources (uses): - - 22,152 22,152
Proceeds from sale of assets . . . . . . . . . 70,608 72,833 174,452 101,619
Refund of prior year's expenditures. . . . . .
Refund of prior year's receipts . . . . . . . . (575) (575) (555) 20
Transfers (out) . . . . . . . . . . . . . . . . (546,000) (546,000) (546,000) -
Total other financing sources (uses) . . . . . . (475,967) (473,742) (349,951)
123,791

Net change in fund balance. . . . . . . . . . . 2,658,801 4,751,534 1,574,207 (3,177,327)

Fund balance at beginning of year. . . . . . 31,185,446 31,185,446 31,185,446 -
Prior year encumbrances appropriated . . . -
Fund balance at end of year . . . . . . . . . 771,206 771,206 771,206 (3,177,327)

$ 34,615,453 $ 36,708,186 $ 33,530,859 $

SEE ACCOMPANYING NOTES TO THE BASIC FINANCIAL STATEMENTS

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