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76

City of Raleigh

Financial Section

COMBINING BALANCE SHEET

NONMAJOR SPECIAL REVENUE FUNDS

June 30, 2016

Housing

Community

Bond

Development

Grants Fund

Fund

Fund

ASSETS

Cash and cash equivalents

-

$

4,159,815

$

327,910

$

Due from other funds

2,973

-

1,500

Due from other governmental agencies

1,821,366

-

736,955

Accrued interest receivable

-

-

-

Sales tax receivable

5,735

130

551

Loans receivable, net of allowance of $6,147,602

-

37,406,884

23,887,338

Cash and cash equivalents/investments -

restricted deposits and bond proceeds

-

12,887,255

-

Total assets

1,830,074

$

54,454,084

$

24,954,254

$

LIABILITIES

Accounts payable

551,701

$

40,000

$

278,771

$

Accrued salaries and employee payroll taxes

18,169

-

6,257

Employee taxes and related withholdings

-

-

-

Sales tax payable

-

-

-

Loan servicing escrow

-

248,856

393,480

Due to other funds

926,266

-

83,240

Due to other governmental agencies

-

-

152,751

Total liabilities

1,496,136

288,856

914,499

DEFERRED INFLOWS OF RESOURCES

Unearned revenue

333,938

-

152,417

Total deferred inflows of resources

333,938

-

152,417

FUND BALANCES

Nonspendable:

Loans receivable

-

37,406,884

23,887,338

Restricted:

Debt service

-

-

-

Public safety

-

-

-

Assigned:

Subsequent year's appropriation

-

6,715,075

-

Community devel0pment

-

10,043,269

-

Disaster recovery

-

-

-

Total fund balances

-

54,165,228

23,887,338

Total liabilities, deferred inflows of resources

and fund balances

1,830,074

$

54,454,084

$

24,954,254

$

76