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4

City of Raleigh

Financial Section

BALANCE SHEET

GOVERNMENTAL FUNDS

June 30, 2016

Nonmajor

Total

Park Bond Governmental

Governmental

General Fund

Fund

Funds

Funds

ASSETS

Cash and cash equivalents

238,370,442

$

12,443,462

$

143,938,899

$

394,752,803

$

Taxes receivable, net of allowance

for uncollectibles of

$9,254,404

274,473

-

-

274,473

Assessments receivable, net of allowance

for uncollectibles of

$175,553

321,061

-

452,405

773,466

Customer receivables

22,505

-

-

22,505

Due from other governmental agencies

2,607,880

63,281

11,011,135

13,682,296

Due from GoTriangle

-

-

1,557,337

1,557,337

Accrued interest receivable

922,488

-

421,976

1,344,464

Other receivables and assets

7,912,928

-

-

7,912,928

Sales tax receivable

24,965,515

95,723

1,706,663

26,767,901

Due from other funds

4,957,869

-

848,707

5,806,576

Inventories

4,232,332

-

-

4,232,332

Other assets

49,804

-

-

49,804

Loans receivable, net of allowance

for uncollectibles of

$7,709,061

529,623

-

61,294,222

61,823,845

Assets held for resale

-

-

11,625,378

11,625,378

Cash and cash equivalents /investments -

restricted deposits and bond proceeds

113,502

34,630,278

42,615,919

77,359,699

Total assets

285,280,422

$

47,232,744

$

275,472,641

$

607,985,807

$

LIABILITIES

Accounts payable

4,455,624

$

531,666

$

11,650,159

$

16,637,449

$

Accrued salaries and employee payroll taxes

2,091,561

-

29,884

2,121,445

Employee taxes and related withholdings

6,484,095

-

-

6,484,095

Sales tax payable

-

-

20,099

20,099

Loan servicing escrow

397,367

-

642,336

1,039,703

Other liabilities

1,650,290

-

5,659

1,655,949

Due to other funds

575,478

-

4,559,258

5,134,736

Reimbursable facility fees

422,274

-

6,634,594

7,056,868

Escrow and other deposits payable from

restricted assets

-

-

2,235,330

2,235,330

Due to other governmental agencies

-

-

166,810

166,810

Total liabilities

16,076,689

531,666

25,944,129

42,552,484

DEFERRED INFLOWS OF RESOURCES

Property tax receivable

274,473

-

-

274,473

Assessments receivable

321,061

-

452,405

773,466

Prepaid assessments

-

-

6,580

6,580

Prepaid taxes and facility fees

88,572

-

-

88,572

Unearned revenue

296,958

-

4,684,468

4,981,426

Total deferred inflows of resources

981,064

-

5,143,453

6,124,517

FUND BALANCES

Nonspendable:

Assets held for resale

-

-

11,625,378

11,625,378

Inventories

4,232,332

-

-

4,232,332

Loans receivable

529,623

-

61,294,222

61,823,845

Restricted:

Stabilization by state statute

52,283,882

-

-

52,283,882

Debt service

-

-

40,429,226

40,429,226

Federal program reserves

3,076,716

-

-

3,076,716

Public safety

-

-

1,061,682

1,061,682

Committed:

LEO

2,898,009

-

-

2,898,009

Assigned:

Subsequent year's appropriation

17,787,454

46,224,500

64,497,565

128,509,519

Community development

890,420

-

10,043,269

10,933,689

City projects

482,035

476,578

53,375,488

54,334,101

Disaster recovery

-

-

2,058,229

2,058,229

Debt service

101,258,006

-

-

101,258,006

Unassigned

84,784,192

-

-

84,784,192

Total fund balances

268,222,669

46,701,078

244,385,059

559,308,806

Total liabilities, deferred inflows of resources

and fund balances

285,280,422

$

47,232,744

$

275,472,641

$

607,985,807

$

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

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