City of Raleigh
The Raleigh Housing Authority
The Raleigh Housing Authority assists in providing housing for low income,
elderly and disabled residents of the City. The mayor appoints all members of the authorityʹs governing body, but
the authority is not otherwise financially accountable to the City. The City has no responsibility in selecting the
management of the authority. The primary revenue sources for the authority are federal grants and program
revenues. Financial transactions between the City and the authority reflect contractual agreements between the
parties for the provision of specific services by the authority for the City.
The City is not responsible for financing any deficits of the authority nor is it entitled to any surplus. In addition, the
City does not guarantee any debt of the authority and such debt is not included in determining the Cityʹs statutory
The Raleigh Historic Districts Commission, Inc.
The Raleigh Historic Districts Commission, Inc. was formed in
1993 to exercise jurisdiction for all historic properties and historic overlay districts within Raleighʹs city limits and
extraterritorial jurisdiction. The commission consists of 12 members appointed by the city council. The City’s
accountability for the commission does not extend beyond making appointments to the commission. Revenues to
support the commission come from private contributions and grants from local and state governments. In the fiscal
year ended June 30, 2016 the City appropriated $60,774 to the commission. The not‐for‐profit organization does not
meet the criteria to be included in the City’s financial reporting entity.
The Raleigh Parking Deck Associates, Inc.
A for‐profit corporation established to finance and construct a parking
deck is reflected in substance through a capital lease with the City. The corporation does not meet the criteria to be
included in the City’s financial reporting entity.
Interlocal agreement with Wake County
Pursuant to enabling legislation in 1991, the City of Raleigh and Wake County entered into an interlocal agreement
to provide for the funding of various projects and facilities from the proceeds to be realized from the levy of a
county‐wide room occupancy tax and a prepared food and beverage tax. The proceeds
distributions of the
taxes are accounted for in a special revenue fund maintained by the County. The City, by terms of the enabling
legislation, is granted specific allocations of the taxes, but has entered into the interlocal agreement requiring joint
action of the City and County governing bodies to expend both the City and County allocations.
At June 30, 2016 the balance of the trust maintained by the County was $2,404,889, which is not available to the
City except for current and future projects jointly determined by the City and the County. During fiscal year 2015‐
16, the City received funding as follows: an annual $1,000,000 that the City Council previously dedicated for
continuing support of the performing arts and convention center complex; an annual $680,000 to fund visitor‐
related programs and activities and $25,517,817 to support the financing of the convention center facility. The City
will continue to receive $1,000,000 allocations that the City Council may use for any eligible purpose in the original
state legislation. In addition, the City will annually receive 85% of all uncommitted interlocal tax funds for debt
service and other costs related to the convention center facility.
A tri‐party agreement exists between the City of Raleigh, Wake County and the Centennial Authority, a public
body created by the State of North Carolina to construct and govern operations of a multi‐purpose regional sports
and entertainment complex, which opened in October, 1999. Through the interlocal and tri‐party agreements, part
of the funding for this construction has been provided by the trust. Future receipts from the taxes are committed
by the authority for operating support and repayment of the authority’s debt.