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15

City of Raleigh

Financial Section

STATEMENT OF NET POSITION

PROPRIETARY FUNDS

June 30, 2016

Solid Waste

Internal

Parking

Services

Service

Fund

Fund

Total

Funds

LIABILITIES

Current liabilities:

Accounts payable

61,939

$

499,204

$

19,900,037

$

1,294,093

$

Sales tax payable

46

2,899

34,195

47,890

Accrued salaries and employee payroll taxes

13,190

87,941

526,600

34,140

Accrued interest payable

429,919

96,783

10,076,484

57,094

Claims payable and other liabilities

-

-

1,105

9,420,831

Due to other funds

-

-

2,059,157

471

Due to other governmental agencies

-

524,501

524,501

-

Landfill postclosure liability

-

540,850

540,850

-

Earned vacation pay

91,815

535,766

2,978,416

-

Bonds, notes and loans payable, net of

unamortized premiums and discounts

298,173

-

25,802,742

13,296,157

Contracts and other notes payable, net of

unamortized premiums and discounts

3,805,281

1,463,206

16,353,123

-

Total current liabilities

4,700,363

3,751,150

78,797,210

24,150,676

Noncurrent liabilities:

Claims payable and other liabilities

-

-

-

18,450,595

Bonds, notes and loans payable, net of

unamortized premiums and discounts

-

-

638,672,254

25,768,207

Contracts and other notes payable, net of

unamortized premiums and discounts

72,903,598

14,998,360

379,792,322

-

Landfill postclosure liability

-

3,896,745

3,896,745

-

Escrow and other deposits payable

from restricted assets

-

-

25,449,390

-

Derivative instrument liability

-

-

87,248,859

-

Earned vacation pay

18,286

315,277

1,705,381

355,827

Net pension liability

157,482

832,702

4,306,294

323,661

Net OPEB pension liability

28,848

153,858

797,396

-

Total noncurrent liabilities

73,108,214

20,196,942

1,141,868,641

44,898,290

Total liabilities

77,808,577

23,948,092

1,220,665,851

69,048,966

DEFERRED INFLOWS OF RESOURCES

Unearned revenue

-

-

2,856,147

-

Pension deferrals

91,948

508,200

2,656,962

224,111

Total deferred inflows of resources

91,948

508,200

5,513,109

224,111

NET POSITION

Net investment in capital assets

41,307,889

4,976,477

792,625,563

15,120,471

Unrestricted

7,633,664

2,494,252

367,725,534

26,901,563

Total net position

48,941,553

$

7,470,729

$

1,160,351,097

$

42,022,034

$

Adjustment to reflect the consolidation

of internal service fund activities

related to enterprise funds

13,065,045

Net position of business-type activities

1,173,416,142

$

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

Enterprise Funds