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124

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

Public Utilities

Vehicle

Equipment

Fleet

Replacement

Services

Fund

Fund

Total

OPERATING REVENUES

Charges for services - internal

3,412,269

$

12,112,415

$

74,069,594

$

Other charges

14,166

3,593

153,137

Drug rebate

-

-

349

Total operating revenues

3,426,435

12,116,008

74,223,080

OPERATING EXPENSES

Personnel services

-

4,350,027

4,747,160

Other facility operating costs

33,722

7,813,579

8,029,820

Operational expenses

-

-

4,204,670

Claims

-

-

46,633,832

Premiums

-

-

1,611,462

Depreciation

2,083,865

22,597

11,769,441

Other

68,699

-

273,257

Total operating expenses

2,186,286

12,186,203

77,269,642

Operating income (loss)

1,240,149

(70,195)

(3,046,562)

NONOPERATING REVENUES (EXPENSES)

Gain (loss) on investments

24,789

-

376,426

Recovery of claims

-

-

235,438

Interest expense

(174,128)

-

(588,611)

Gain (loss) on sale of capital assets

230,023

29,123

954,583

Total nonoperating revenues (expenses)

80,684

29,123

977,836

Income (loss) before transfers

1,320,833

(41,072)

(2,068,726)

Transfers in

-

140,000

154,200

Transfers out

-

(50,753)

(573,953)

Change in net position

1,320,833

48,175

(2,488,479)

Total net position, beginning of year

3,778,581

2,363,069

44,510,513

Total net position, end of year

5,099,414

$

2,411,244

$

42,022,034

$

124