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MD&A-9

City of Raleigh

Management’s Discussion and Analysis

• As depicted on the chart below, programexpenses exceed program revenues for all governmental activities.

This is to be expected as other general sources of revenue such as property taxes and sales taxes received

by the City are used to subsidize the gap between program expenditures and program revenues.

BUSINESS-TYPE ACTIVITIES

Revenues of the City’s business-type activities were $324.5 million, and expenses were $283.9 million. The increase

in net position for business-type activities (after transfers in of $51.1 million) was $91.7 million in 2016. The following

table shows the total cost and net cost or revenue for these services.

Expenses and Program Revenues* - Governmental Activities

Expenses

Program

Revenues

General

government

Community

development

services

Public

works

Public

safety

Leisure

services

Economic

development

programs

Interest on

long term

debt

$ 46.4

$ 20.1

$58.2

$ 3.4

$ 66.8

$ 7.0

$ 20.9

$ 43.0

$ 22.5

$8.4

$17.8

$ 0.1

$175

$150

$125

$100

$75

$50

$25

$-

Millions

*Program revenues include operating revenues, grant revenues and capital contribu

tions

$ 156.6

Net Cost of Business-Type Activities

(in millions of dollars)

Total Cost of Services Net (Cost) Revenue of Services

2015

2016

2015

2016

Water and sewer

$146.9

$152.9

$71.0

$76.9

Convention center complex

33.9

34.7

(20.6)

(20.9)

Mass transit

37.9

38.2

(14.0)

(21.4)

Parking facilities

11.5

12.4

2.0

2.6

Solid waste services

28.4

32.3

(4.3)

(6.2)

Stormwater management

12.2

13.4

6.9

5.8

Total

$270.8

$283.9

$41.0

$36.8