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110

City of Raleigh

Financial Section

SCHEDULE OF REVENUES AND EXPENDITURES

BUDGET (MODIFIED ACCRUAL BASIS) AND ACTUAL

MASS TRANSIT FUND

For the Fiscal Year Ended June 30, 2016

Over

Prior

Current

(Under)

Years

Year

Total

Budget

Budget

REVENUES

Farebox

$

-

$ 6,074,541

$ 6,074,541

$ 6,119,254

$

(44,713)

ART program fees

-

799,705

799,705

800,000

(295)

Intergovernmental revenue:

Federal Transit Administration

27,194,959

6,960,915

34,155,874

55,517,732

(21,361,858)

State of North Carolina

1,397,543

2,667,409

4,064,952

5,479,719

(1,414,767)

Miscellaneous other

-

242,984

242,984

130,000

112,984

Total revenues

28,592,502

16,745,554

45,338,056

68,046,705

(22,708,649)

OTHER FINANCING SOURCES

Proceeds on disposal of capital assets

-

467

467

-

467

Transfers from:

General fund

-

16,955,836

16,955,836

18,574,238

(1,618,402)

Risk management fund

-

8,720

8,720

8,720

-

Street bond fund

-

289,881

289,881

289,881

-

Street improvement fund

-

2,821,105

2,821,105

2,821,105

-

Total other financing sources

-

20,076,009

20,076,009

21,693,944

(1,617,935)

Total revenues and other

financing sources

$ 28,592,502

$ 36,821,563

$ 65,414,065

89,740,649

$ (24,326,584)

Fund balance appropriated

1,384,471

$ 91,125,120

EXPENDITURES

Mass transit operating expenditures

$

-

$ 18,706,972

$ 18,706,972

$ 20,793,681

$ (2,086,709)

ART program operating expenditures

-

7,993,672

7,993,672

8,668,984

(675,312)

Capital grant expenditures

34,216,477

8,637,230

42,853,707

61,418,369

(18,564,662)

Total expenditures

34,216,477

35,337,874

69,554,351

90,881,034

(21,326,683)

OTHER FINANCING USES

Transfers to:

Grants fund

-

230,897

230,897

233,819

(2,922)

Technology capital projects fund

-

10,267

10,267

10,267

-

Total other financing uses

-

241,164

241,164

244,086

(2,922)

Total expenditures and other

financing uses

$ 34,216,477

$ 35,579,038

$ 69,795,515

$ 91,125,120

$ (21,329,605)

Actual

110