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111

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

RECONCILIATION OF MODIFIED ACCRUAL BASIS TO FULL ACCRUAL BASIS:

Total current year revenues and other financing

sources - modified accrual basis

$

36,821,563

Total current year expenditures and other financing

uses - modified accrual basis

(35,579,038)

Excess of revenues and other financing sources over

expenditures and other financing uses

1,242,525

Adjustments to full accrual basis:

Capital outlay

2,428,717

Depreciation

(3,724,582)

Net OPEB pension liability

(1,783)

Decrease in net pension asset

(91,796)

Increase (decrease) in deferred outflows of resources for pensions

(15,803)

(Increase) decrease in deferred inflows of resources for pensions

202,469

Increase in pension liability

(84,891)

Unearned contributions from other funds

(1,537,035)

Vacation expense

(5,267)

Change in net position per statement of revenues, expenses, and

changes in fund net position

$

(1,587,446)

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