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120

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

RECONCILIATION OF MODIFIED ACCRUAL BASIS TO FULL ACCRUAL BASIS:

Total current year revenues and other financing

sources - modified accrual basis

$

36,108,005

Total current year expenditures and other financing

uses - modified accrual basis

(33,698,995)

Excess of revenues and other financing sources over

expenditures and other financing uses

2,409,010

Adjustments to full accrual basis:

Amortization of note premiums and discounts

83,539

Bond and note principal payments

1,304,706

Bond and note proceeds

(5,607,384)

Capital outlay

55,716

Depreciation

(759,525)

Interest expense accrual

33,222

Landfill closure/postclosure liability adjustment

(824,418)

OPEB expense

(6,616)

Decrease in pension asset

(1,101,550)

Decrease in deferred outflows of resources - pensions

(173,001)

Increase in pension liability

(832,702)

Decrease in deferred inflows of resources - pensions

2,216,505

Refunded bond escrow expense

5,607,384

Vacation expense

(7,852)

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

changes in fund net position

$

2,397,034

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