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101

City of Raleigh

Financial Section

SCHEDULE OF REVENUES AND EXPENDITURES -

BUDGET (MODIFIED ACCRUAL BASIS) AND ACTUAL

WATER AND SEWER OPERATING FUND

For the Fiscal Year Ended June 30, 2016

Over

(Under)

Actual

Budget

Budget

EXPENDITURES (CONTINUED)

Special appropriations:

Reimbursement to general fund

$

8,135,115

$

8,135,115

$

-

Insurance and risk management charges

3,935,848

3,960,604

(24,756)

Other expenditures

751,635

7,956,663

(7,205,028)

12,822,598

20,052,382

(7,229,784)

Debt service:

General obligations bonds:

Principal

1,005,384

1,005,384

-

Interest

34,027

34,027

-

Revenue bonds:

Principal

22,155,000

22,155,000

-

Interest

28,966,854

27,947,243

1,019,611

Installment financing agreements:

Principal

2,063,501

2,105,951

(42,450)

Interest

314,579

345,149

(30,570)

Escrow expenditures - merged systems' debt

1,797,388

1,739,363

58,025

Other expenditures

1,248,932

2,854,075

(1,605,143)

57,585,665

58,186,192

(600,527)

Total expenditures

152,047,862

176,943,923

(24,896,061)

OTHER FINANCING USES

Transfers to:

Water capital projects fund

20,277,306

21,770,000

(1,492,694)

Sewer capital projects fund

50,200,000

58,735,000

(8,535,000)

Stormwater utility operating fund

886

886

-

Technology capital projects fund

1,708,392

1,708,392

-

Total transfers

72,186,584

82,214,278

(10,027,694)

Payment to refunded bond escrow agent

56,755,000

56,755,000

-

Total other financing uses

128,941,584

138,969,278

(10,027,694)

Total expenditures and other financing uses

$

280,989,446

$

315,913,201

$

(34,923,755)

101