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105

City of Raleigh

Financial Section

SCHEDULE OF REVENUES AND EXPENDITURES

BUDGET (MODIFIED ACCRUAL BASIS) AND ACTUAL

WATER AND SEWER FUNDS

For the Fiscal Year Ended June 30, 2016

RECONCILIATION OF MODIFIED ACCRUAL BASIS TO FULL ACCRUAL BASIS:

Total current year revenues and other financing

sources - modified accrual basis:

Water and sewer operating fund

$

287,449,285

Water capital projects fund

19,034,707

Sewer capital projects fund

52,425,306

Water and sewer revenue bond fund

18,699,717

Total current year expenditures and other financing

uses - modified accrual basis:

Water and sewer operating fund

(280,989,446)

Water capital projects fund

(14,410,902)

Sewer capital projects fund

(12,585,975)

Water and sewer revenue bond fund

(41,873,827)

Excess of revenues and other financing sources over

expenditures and other financing uses

27,748,865

Adjustments to full accrual basis:

Amortization of refunding charges

(14,063)

Amortization of bond premiums and discounts

(5,971,181)

Bond and note proceeds

(68,478,073)

Bond and note principal payments

81,978,885

Capital contributions

1,278,008

Capital outlay

69,231,352

Capitalized interest

5,582,185

Depreciation

(34,822,233)

Earned vacation pay expense

(187,534)

Interest expense accrual

596,262

Other escrow expenditures

641,114

OPEB expense

(20,331)

Decrease in net pension asset

(3,455,844)

Increase in deferred outflows of resources - pensions

(542,293)

Decrease in deferred inflows of resources - pensions

6,947,891

Increase in net pension liability

(2,607,293)

Revenue accruals from receivables

304,979

Change in net position per statement of revenues, expenses and

changes in fund net position

$

78,210,696

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