Page 76 - 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 7 - CAPITAL ASSETS

Capital assets activity for the fiscal year ended June 30, 2018 was as follows:

Balance Additions Deductions Balance
07/01/17 06/30/18

Governmental activities: $ 1,032,204 $ -$ - $ 1,032,204
Capital assets, not being depreciated: - 444,165 - 444,165

Land 1,032,204 444,165 - 1,476,369
Construction in progress
6,563,320 - - 6,563,320
Total capital assets, not being depreciated 78,738,784 356,149 - 79,094,933
13,580,983 1,409,766 (918,391) 14,072,358
Capital assets, being depreciated: 333,449 (371,194)
Land improvements 5,407,054 - 5,369,309
Buildings and improvements 390,819 - 390,819
Furniture and equipment
Vehicles 104,680,960 2,099,364 (1,289,585) 105,490,739
Computer software
(2,080,725) (159,972) - (2,240,697)
Total capital assets, being depreciated (31,842,287) (1,503,850) - (33,346,137)
(10,389,540) 596,955 (10,200,996)
Less: accumulated depreciation (3,975,962) (408,411) 334,074
Land improvements (270,854) - (3,912,742)
Buildings and improvements (365,574) (371,991)
Furniture and equipment (6,417) 0
Vehicles (50,072,563)
Computer software (48,654,088) (2,349,504) 931,029

Total accumulated depreciation $ 57,059,076 $ 194,025 $ (358,556) $ 56,894,545

Governmental activities capital assets, net

Depreciation expense was charged to governmental functions as follows:

Instruction: $ 1,450,859
Regular 55,165
Special 21,503
Vocational
21,883
Support services: 61,769
Pupil 35,142
Instructional staff 118,368
Administration 242,540
Operations and maintenance
Pupil transportation 6,417
Central
307,767
Extracurricular activities 28,091
Food service operations
$ 2,349,504
Total depreciation expense

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