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123

City of Raleigh

Financial Section

COMBINING STATEMENT OF REVENUES, EXPENSES

AND CHANGES IN FUND NET POSITION

INTERNAL SERVICE FUNDS

For the Fiscal Year Ended June 30, 2016

Solid Waste

Employees'

Governmental

Services

Risk

Health

Equipment

Equipment

Management

Benefits

Replacement

Replacement

Fund

Fund

Fund

Fund

OPERATING REVENUES

Charges for services - internal

9,533,682

$

38,005,656

$

6,168,052

$

4,837,520

$

Other charges

-

-

135,378

-

Drug rebate

-

349

-

-

Total operating revenues

9,533,682

38,006,005

6,303,430

4,837,520

OPERATING EXPENSES

Personnel services

397,133

-

-

-

Other facility operating costs

-

-

182,019

500

Operational expenses

811,141

3,393,529

-

-

Claims

7,991,756

38,642,076

-

-

Premiums

1,611,462

-

-

-

Depreciation

-

-

6,340,432

3,322,547

Other

-

-

189,711

14,847

Total operating expenses

10,811,492

42,035,605

6,712,162

3,337,894

Operating income (loss)

(1,277,810)

(4,029,600)

(408,732)

1,499,626

NONOPERATING REVENUES (EXPENSES)

Gain (loss) on investments

288,055

31,740

25,967

5,875

Recovery of claims

106,705

128,733

-

-

Interest expense

-

-

(273,217)

(141,266)

Gain (loss) on sale of capital assets

-

-

391,057

304,380

Total nonoperating revenues (expenses)

394,760

160,473

143,807

168,989

Income (loss) before transfers

(883,050)

(3,869,127)

(264,925)

1,668,615

Transfers in

-

-

14,200

-

Transfers out

(523,200)

-

-

-

Change in net position

(1,406,250)

(3,869,127)

(250,725)

1,668,615

Total net position, beginning of year

17,646,485

7,292,394

11,603,163

1,826,821

Total net position, end of year

16,240,235

$

3,423,267

$

11,352,438

$

3,495,436

$

123