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14

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

LIABILITIES

Current liabilities:

Accounts payable

15,361,212

$

2,559,580

$

893,838

$

524,264

$

Sales tax payable

15,274

14,457

1,519

-

Accrued salaries and employee payroll taxes

311,848

77,600

4,723

31,298

Accrued interest payable

6,410,039

3,139,743

-

-

Claims payable and other liabilities

-

1,105

-

-

Due to other funds

-

324,817

1,618,402

115,938

Due to other governmental agencies

-

-

-

-

Landfill postclosure liability

-

-

-

-

Earned vacation pay

1,823,505

314,379

26,026

186,925

Bonds, notes and loans payable, net of

unamortized premiums and discounts

25,504,569

-

-

-

Contracts and other notes payable, net of

unamortized premiums and discounts

1,979,074

9,003,824

-

101,738

Total current liabilities

51,405,521

15,435,505

2,544,508

960,163

Noncurrent liabilities:

Claims payable and other liabilities

-

-

-

-

Bonds, notes and loans payable, net of

unamortized premiums and discounts

638,672,254

-

-

-

Contracts and other notes payable, net of

unamortized premiums and discounts

51,482,523

238,678,303

-

1,729,538

Landfill postclosure liability

-

-

-

-

Escrow and other deposits payable

from restricted assets

14,133,190

369,478

50,305

10,896,417

Derivative instrument liability

38,205,151

49,043,708

-

-

Earned vacation pay

923,713

343,482

22,160

82,463

Net pension liability

2,607,293

405,552

84,891

218,374

Net OPEB pension liability

482,284

76,929

14,054

41,423

Total noncurrent liabilities

746,506,408

288,917,452

171,410

12,968,215

Total liabilities

797,911,929

304,352,957

2,715,918

13,928,378

DEFERRED INFLOWS OF RESOURCES

Unearned revenue

42,876

16,392

2,796,879

-

Pension deferrals

1,600,204

280,813

24,590

151,207

Total deferred inflows of resources

1,643,080

297,205

2,821,469

151,207

NET POSITION

Net investment in capital assets

638,677,073

12,422,919

42,032,282

53,208,923

Unrestricted

306,725,504

7,860,639

915,593

42,095,882

Total net position

945,402,577

$

20,283,558

$

42,947,875

$

95,304,805

$

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

Continued

Enterprise Funds