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City of Raleigh

Financial Section

Net (Expense) Revenue and Changes in Net Position

Governmental

Business-type

Functions/Programs

Activities

Activities

Total

Governmental activities:

General government

(28,585,925)

$              

$                         

(28,585,925)

$            

Community development services

(11,646,955)

(11,646,955)

Public works

(35,723,636)

(35,723,636)

Public safety

(153,331,619)

(153,331,619)

Leisure services

(23,783,773)

(23,783,773)

Economic development programs

(6,879,758)

(6,879,758)

Interest on long-term debt

(20,876,169)

(20,876,169)

Total governmental activities

(280,827,835)

(280,827,835)

Business-type activities:

Water and sewer

76,971,632

76,971,632

Convention center complex

(20,917,934)

(20,917,934)

Mass transit

(21,433,675)

(21,433,675)

Parking facilities

2,617,851

2,617,851

Solid waste services

(6,225,482)

(6,225,482)

Stormwater

5,803,707

5,803,707

Total business-type activities

36,816,099

36,816,099

Total City of Raleigh

(280,827,835)

36,816,099

(244,011,736)

General revenues:

Taxes:

Property taxes, levied for general purpose

227,722,939

227,722,939

Local sales tax

88,837,128

88,837,128

Franchise tax

29,310,381

29,310,381

Other taxes

21,526,342

21,526,342

Privilege license tax

93,080

93,080

Unrestricted investment earnings

3,256,638

3,824,203

7,080,841

Miscellaneous

16,293,285

16,293,285

Total general revenues not including transfers

387,039,793

3,824,203

390,863,996

Transfers

(51,071,553)

51,071,553

Gain on the sale of property

7,574,207

7,574,207

Total general revenues and transfers

343,542,447

54,895,756

398,438,203

Change in net position

62,714,612

91,711,855

154,426,467

Net position - beginning of year

986,179,614

1,081,704,287

2,067,883,901

Restatement, LEO separation allowance

3,077,172

3,077,172

Net position - end of year

1,051,971,398

$          

1,173,416,142

$       

2,225,387,540

$        

The notes to the financial statements are an integral part of this statement.

STATEMENT OF ACTIVITIES

 For the Fiscal Year Ended June 30, 2016 

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