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119

City of Raleigh

Financial Section

SCHEDULE OF REVENUES AND EXPENDITURES

BUDGET (MODIFIED ACCRUAL BASIS) AND ACTUAL

SOLID WASTE SERVICES FUND

For the Fiscal Year Ended June 30, 2016

Over

(Under)

Actual

Budget

Budget

REVENUES

Solid waste residential collection

$

18,186,773

$

18,017,021

$

169,752

Recycling residential collection

6,804,839

6,516,787

288,052

Yardwaste center

543,876

672,500

(128,624)

Miscellaneous other

47,136

65,000

(17,864)

Total revenues

25,582,624

25,271,308

311,316

OTHER FINANCING SOURCES

Refunding bonds issued

5,607,384

5,607,384

-

Other revenue

521,513

522,000

(487)

Transfer from:

General fund

9,890,508

9,890,508

-

Risk management fund

113,360

113,360

-

16,132,765

16,133,252

(487)

Total revenues and other financing sources

$

41,715,389

41,404,560

$

310,829

Fund balance appropriated

2,485,361

$

43,889,921

EXPENDITURES

Administration

$

8,012,713

$

9,943,097

$

(1,930,384)

Residential collection

17,147,695

17,829,388

(681,693)

Residential recycling

4,714,066

5,384,120

(670,054)

Yardwaste center

1,611,586

2,877,490

(1,265,904)

31,486,060

36,034,095

(4,548,035)

DEBT SERVICE

Note principal

1,304,706

1,304,800

(94)

Note interest

697,787

733,200

(35,413)

2,002,493

2,038,000

(35,507)

Total expenditures

33,488,553

38,072,095

(4,583,542)

OTHER FINANCING USES

Payment to refunded bond escrow agent

5,607,384

5,607,384

-

Transfer to:

Technology capital projects fund

210,442

210,442

-

Total other financing uses

5,817,826

5,817,826

-

Total expenditures and other financing uses

$

39,306,379

$

43,889,921

$

(4,583,542)

119