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91

City of Raleigh

Financial Section

SCHEDULE OF REVENUES AND EXPENDITURES

COMPARED WITH BUDGET

STREET BOND FUND

For the Fiscal Year Ended June 30, 2016

Over

Prior

Current

(Under)

Years

Year

Total

Budget

Budget

REVENUES

Intergovernmental:

State of North Carolina

$

985,788

$

-

$

985,788

$ 5,553,406

$ (4,567,618)

Developer participation

2,027,831

-

2,027,831

2,027,831

-

Gain (loss) on investments

-

8,375

8,375

104,000

(95,625)

Total revenues

3,013,619

8,375

3,021,994

7,685,237

(4,663,243)

OTHER FINANCING SOURCES

Transfers from:

Park improvement fund

-

435,344

435,344

435,344

-

Note proceeds

1,032,846

-

1,032,846

1,500,000

(467,154)

Issuance of debt

26,112,050

-

26,112,050

49,958,050

(23,846,000)

Total other financing sources

27,144,896

435,344

27,580,240

51,893,394

(24,313,154)

Total revenues and other

financing sources

$ 30,158,515

$

443,719

$ 30,602,234

59,578,631

$ (28,976,397)

Fund balance appropriated

103,575,925

$ 163,154,556

EXPENDITURES

Public works

$ 62,805,573

$ 15,631,584

$ 78,437,157

$ 162,864,675 $ (84,427,518)

OTHER FINANCING USES

Transfers to:

Mass transit fund

-

289,881

289,881

289,881

-

Raleigh Union Station fund

-

5,210,000

5,210,000

-

5,210,000

Total other financing uses

-

5,499,881

5,499,881

289,881

5,210,000

Total expenditures and other

financing uses

$ 62,805,573

$ 21,131,465

$ 83,937,038

$ 163,154,556 $ (79,217,518)

Actual

91