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12

City of Raleigh

Financial Section

STATEMENT OF NET POSITION

PROPRIETARY FUNDS

June 30, 2016

Convention

Water and

Center Complex

Mass Transit

Stormwater

Sewer Fund

Fund

Fund

Fund

ASSETS

Current assets:

Cash and cash equivalents

295,928,121

$

13,116,077

$

1,776,848

$

40,530,800

$

Customer receivables, net of allowance

for uncollectibles of $9,731,173

21,479,899

-

-

1,153,840

Assessments receivable, net of allowance

for uncollectibles of $68,861

1,185,905

-

-

-

Due from transit management

-

-

871,315

-

Due from other governmental agencies

3,279,027

-

2,858,939

1,470,467

Due from other funds

101,738

1,120,426

-

471

Accrued interest receivable

893,423

36,386

-

162,726

Other receivables and assets

1,109,649

562,369

-

3,938

Sales tax receivable

2,332,795

380,030

89,716

17,732

Inventories

8,771,174

-

774,795

-

Insurance deposit

-

-

-

-

Total current assets

335,081,731

15,215,288

6,371,613

43,339,974

Noncurrent assets:

Restricted cash and cash equivalents

30,313,805

5,529,786

50,305

10,896,417

Capital assets:

Land and improvements

41,434,589

20,829,848

3,994,684

5,119,762

Construction in progress

303,908,877

17,350,336

2,428,717

19,609,636

Watershed protection rights

4,756,459

-

-

-

Water and sewer systems

1,208,427,008

-

-

-

Buildings and machinery

88,737,597

271,091,201

28,102,339

-

Parking decks

-

-

-

-

Buses

-

-

36,304,782

-

Equipment

21,457,260

2,354,857

2,819,244

996,010

Furniture and fixtures

61,921

2,511,265

50,046

-

Improvements

142,832,227

29,259,613

1,787,426

41,002,842

Less accumulated depreciation

(490,679,030)

(88,531,286)

(33,454,956)

(11,688,051)

Total noncurrent assets

1,351,250,713

260,395,620

42,082,587

65,936,616

Total assets

1,686,332,444

275,610,908

48,454,200

109,276,590

DEFERRED OUTFLOWS OF RESOURCES

Unamortized bond refunding charges

19,197,970

78,904

-

-

Contributions to pension plan

1,222,021

200,200

31,062

107,800

Accumulated decrease in fair value of

hedging derivatives

38,205,151

49,043,708

-

-

Total deferred outflows of resources

58,625,142

49,322,812

31,062

107,800

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

Continued

Enterprise Funds