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13

City of Raleigh

Financial Section

STATEMENT OF NET POSITION

PROPRIETARY FUNDS

June 30, 2016

Solid Waste

Internal

Parking

Services

Service

Fund

Fund

Total

Funds

ASSETS

Current assets:

Cash and cash equivalents

7,403,577

$

7,842,320

$

366,597,743

$

54,982,212

$

Customer receivables, net of allowance

for uncollectibles of $9,731,173

995,088

1,366,367

24,995,194

-

Assessments receivable, net of allowance

for uncollectibles of $68,861

-

-

1,185,905

-

Due from transit management

-

-

871,315

-

Due from other governmental agencies

-

794,589

8,403,022

-

Due from other funds

-

-

1,222,635

14,200

Accrued interest receivable

25,015

-

1,117,550

152,059

Other receivables and assets

452

-

1,676,408

-

Sales tax receivable

30,687

96,328

2,947,288

730,989

Inventories

-

-

9,545,969

671,042

Insurance deposit

-

-

-

400,000

Total current assets

8,454,819

10,099,604

418,563,029

56,950,502

Noncurrent assets:

Restricted cash and cash equivalents

84,508

-

46,874,821

10,846,675

Capital assets:

Land and improvements

7,414,706

2,952,033

81,745,622

-

Construction in progress

5,208,127

-

348,505,693

-

Watershed protection rights

-

-

4,756,459

-

Water and sewer systems

-

-

1,208,427,008

-

Buildings and machinery

-

15,648,174

403,579,311

230,912

Parking decks

146,120,540

-

146,120,540

-

Buses

-

-

36,304,782

-

Equipment

213,095

472,074

28,312,540

137,114,962

Furniture and fixtures

51,382

133,350

2,807,964

-

Improvements

1,972,311

7,241,743

224,096,162

-

Less accumulated depreciation

(43,503,522)

(5,371,147)

(673,227,992)

(94,007,715)

Total noncurrent assets

117,561,147

21,076,227

1,858,302,910

54,184,834

Total assets

126,015,966

31,175,831

2,276,865,939

111,135,336

DEFERRED OUTFLOWS OF RESOURCES

Unamortized bond refunding charges

753,794

361,816

20,392,484

-

Contributions to pension plan

72,318

389,374

2,022,775

159,775

Accumulated decrease in fair value of

hedging derivatives

-

-

87,248,859

-

Total deferred outflows of resources

826,112

751,190

109,664,118

159,775

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

Continued

Enterprise Funds