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122

City of Raleigh

Financial Section

COMBINING STATEMENT OF NET POSITION

INTERNAL SERVICE FUNDS

June 30, 2016

Public Utilities

Vehicle

Equipment

Fleet

Replacement

Services

Fund

Fund

Total

ASSETS

Current assets:

Cash and cash equivalents

1,702,282

$                  

2,372,481

$        

54,982,212

$      

Accrued interest receivable

152,059

Sales tax receivable

211,704

319,880

730,989

Due from other funds

14,200

Inventories

671,042

671,042

Insurance deposit

400,000

Total current assets

1,913,986

3,363,403

56,950,502

Noncurrent assets:

Restricted cash and cash equivalents

5,837,005

10,846,675

Capital assets:

Buildings and machinery

230,912

230,912

Equipment

28,941,239

1,478,453

137,114,962

Less: accumulated depreciation

(19,944,218)

(1,535,439)

(94,007,715)

Total noncurrent assets

14,834,026

173,926

54,184,834

Total assets

16,748,012

3,537,329

111,135,336

DEFERRED OUTFLOWS OF RESOURCES

Contributions to pension plan

148,225

159,775

LIABILITIES

Current liabilities:

Accounts payable

479,636

387,131

1,294,093

Accrued salaries and employee payroll taxes

31,199

34,140

Accrued interest payable

21,970

57,094

Sales tax payable

27,591

8,141

47,890

Claims payable and other liabilities

9,420,831

Due to other funds

471

471

Bonds, notes and loans payable

3,076,199

13,296,157

Total current liabilities

3,605,396

426,942

24,150,676

Noncurrent liabilities:

Claims payable and other liabilities

18,450,595

Bonds, notes and loans payable

8,043,202

25,768,207

Net pension liability

300,264

323,661

Earned vacation pay

339,194

355,827

Total noncurrent liabilities

8,043,202

639,458

44,898,290

Total liabilities

11,648,598

1,066,400

69,048,966

DEFERRED INFLOWS OF RESOURCES

Pension deferrals

207,910

224,111

NET POSITION

Net investment in capital assets

3,714,625

173,927

15,120,471

Unrestricted

1,384,789

2,237,317

26,901,563

Total net position

5,099,414

$                  

2,411,244

$        

42,022,034

$      

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