Page 73 - Hudson CAFR Report 2018

HUDSON CITY SCHOOL DISTRICT
SUMMIT COUNTY, OHIO

NOTES TO THE BASIC FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2018

NOTE 3 - DEPOSITS AND INVESTMENTS - (Continued)

Concentration of Credit Risk: The District places no limit on the amount that may be invested in any
one issuer. The following table includes the percentage of each investment type held at June 30, 2018:

Measurement/ Measurement
Investment type
Value % of Total
Fair value:
Commercial paper $ 8,004,179 8.68
U.S. Treasury notes 21,611,244 23.43
FFCB notes 3,816,417
FHLB notes 33,979,962 4.14
FHLMC notes 10,971,585 36.84
U.S. Government money market 171,899 11.89

Amortized cost: 13,688,503 0.19
STAR Ohio
$ 92,243,789 14.83
Total
100.00

D. Reconciliation of Cash and Investments to the Statement of Net Position

The following is a reconciliation of cash and investments as reported in the note above to cash and
investments as reported on the statement of net position as of June 30, 2018:

Cash and investments per note $ 35,391,042
Carrying amount of deposits 92,243,789
Investments 1,300
Cash on hand
$ 127,636,131
Total

Cash and investments per statement of net position $ 125,928,469
Governmental activities 1,388,582
Business type activities 3,650
Private-purpose trust funds 315,430
Agency funds
$ 127,636,131
Total

NOTE 4 - INTERFUND TRANSACTIONS

A. Interfund balances at June 30, 2018, as reported on the fund statements consist of the following
amounts due to/from other funds:

Receivable fund: Payable fund: Amount
General fund Nonmajor governmental funds $ 119,828

F 52