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107

City of Raleigh

Financial Section

SCHEDULE OF REVENUES AND EXPENDITURES

BUDGET (MODIFIED ACCRUAL BASIS) AND ACTUAL

CONVENTION AND PERFORMING ARTS COMPLEX PROJECTS FUND

For the Fiscal Year Ended June 30, 2016

Over

Prior

Current

(Under)

Years

Year

Total

Budget

Budget

OTHER FINANCING SOURCES

Note proceeds

$ 3,312,463

$ 2,473,553

$ 5,786,016

$ 14,224,778

$ (8,438,762)

Bond proceeds

-

9,243,425

9,243,425

708,441

8,534,984

Premium on bonds

-

1,285,931

1,285,931

728,559

557,372

Gain (loss) on investments

-

9,575

9,575

-

9,575

Total revenues and other

financing sources

$ 3,312,463

$ 13,012,484

$ 16,324,947

$ 15,661,778

$

663,169

Fund balance appropriated

2,825,298

$ 18,487,076

EXPENDITURES

Convention center and performing

arts complex projects

$ 6,409,990

$ 8,713,282

$ 15,123,272

$ 18,487,076

$ (3,363,804)

Actual

107