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118

City of Raleigh

Financial Section

SCHEDULE OF REVENUES AND EXPENDITURES

BUDGET (MODIFIED ACCRUAL BASIS) AND ACTUAL

PARKING FACILITIES 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

Parking facilities operating fund

$

29,449,808

Parking facilities capital projects fund

4,855,500

Total current year expenditures and other financing

uses - modified accrual basis

Parking facilities operating fund

(31,074,046)

Parking facilities capital projects fund

(3,681,568)

Deficiency of revenues and other financing sources under

expenditures and other financing uses

(450,306)

Adjustments to full accrual basis:

Accrued interest expense

92,079

Amortization of premiums and discounts

69,827

Bond and note principal

3,935,114

Bond and note proceeds

(13,200,000)

Capital outlay

3,681,568

Depreciation

(3,624,330)

Gain (loss) on disposal of assets

(626,234)

Net OPEB liability

(1,420)

Decrease in net pension asset

(205,191)

Increase (decrease) in deferred outflows of resources for pensions

(32,438)

(Increase) decrease in deferred inflows of resources for pensions

415,595

Increase in pension liability

(157,482)

Refunded bond escrow expense

13,200,000

Vacation expense

4,202

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

changes in fund net position

$

3,100,984

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