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121

City of Raleigh

Financial Section

COMBINING STATEMENT OF NET POSITION

INTERNAL SERVICE FUNDS

June 30, 2016

Solid Waste

Employees'

Governmental

Services

Risk

Health

Equipment

Equipment

Management

Benefits

Replacement

Replacement

Fund

Fund

Fund

Fund

ASSETS

Current assets:

Cash and cash equivalents

40,465,746

$          

6,564,391

$        

2,842,370

$        

1,034,942

$         

Accrued interest receivable

128,352

23,707

Sales tax receivable

354

174,194

24,857

Due from other funds

14,200

Inventories

Insurance deposit

400,000

Total current assets

40,994,452

6,588,098

3,030,764

1,059,799

Noncurrent assets:

Restricted cash and cash equivalents

3,950,716

1,058,954

Capital assets:

Buildings and machinery

Equipment

78,021,499

28,673,771

Less: accumulated depreciation

(55,743,230)

(16,784,828)

Total noncurrent assets

26,228,985

12,947,897

Total assets

40,994,452

6,588,098

29,259,749

14,007,696

DEFERRED OUTFLOWS OF RESOURCES

Contributions to pension plan

11,550

LIABILITIES

Current liabilities:

Accounts payable

213,826

213,500

Accrued salaries and employee payroll taxes

2,941

Accrued interest payable

27,468

7,656

Sales tax payable

12,158

Claims payable and other liabilities

6,256,000

3,164,831

Due to other funds

Bonds, notes and loans payable

5,800,937

4,419,021

Total current liabilities

6,258,941

3,164,831

6,054,389

4,640,177

Noncurrent liabilities:

Claims payable and other liabilities

18,450,595

Bonds, notes and loans payable

11,852,922

5,872,083

Net pension liability

23,397

Earned vacation pay

16,633

Total noncurrent liabilities

18,490,625

11,852,922

5,872,083

Total liabilities

24,749,566

3,164,831

17,907,311

10,512,260

DEFERRED INFLOWS OF RESOURCES

Pension deferrals

16,201

NET POSITION

Net investment in capital assets

8,575,126

2,656,793

Unrestricted

16,240,235

3,423,267

2,777,312

838,643

Total net position

16,240,235

$          

3,423,267

$        

11,352,438

$      

3,495,436

$         

121