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17

City of Raleigh

Financial Section

STATEMENT OF REVENUES, EXPENSES

AND CHANGES IN FUND NET POSITION

PROPRIETARY FUNDS

For the fiscal year ended June 30, 2016

Solid Waste

Internal

Parking

Services

Service

Operating revenues

Fund

Fund

Total

Funds

User charges

14,880,729

$

25,507,144

$

298,700,437

$

-

$

Charges for services - internal

-

-

-

74,069,594

Other

29,074

55,585

7,608,818

153,137

Drug rebate

-

-

-

349

Total operating revenues

14,909,803

25,562,729

306,309,255

74,223,080

Operating expenses

Personnel services

1,822,756

11,640,911

26,943,400

4,747,160

Other facility operating costs

5,265,726

20,519,065

50,192,951

8,029,820

Operational expenses

-

-

-

4,204,670

Administration

-

-

9,634,152

-

Water supply and treatment

-

-

27,928,220

-

Sewer system and treatment

-

-

20,871,828

-

Warehousing, maintenance and construction

-

-

16,669,275

-

Utility billing

-

-

5,926,932

-

Other services

-

-

3,956,179

-

Non-departmental charges

-

-

8,886,751

-

Management contract charges

-

-

24,989,504

-

Claims

-

-

-

46,633,832

Premiums

-

-

-

1,611,462

Depreciation

3,624,330

759,525

53,265,081

11,769,441

Other

-

-

-

273,257

Total operating expenses

10,712,812

32,919,501

249,264,273

77,269,642

Operating income (loss)

4,196,991

(7,356,772)

57,044,982

(3,046,562)

Nonoperating revenue (expense)

Gain (loss) on investments

83,932

-

3,793,539

376,426

Subsidy income - federal and state

-

-

7,685,351

-

Recovery of claims

-

-

-

235,438

Other revenues

-

521,513

1,121,643

-

Interest expense

(1,650,058)

(581,028)

(32,246,493)

(588,611)

Gain (loss) on sale of capital assets

112,398

19,895

747,432

954,583

Miscellaneous expense

-

-

(3,642,130)

-

Total nonoperating revenue (expense)

(1,453,728)

(39,620)

(22,540,658)

977,836

Income (loss) before contributions,

transfers and special items

2,743,263

(7,396,392)

34,504,324

(2,068,726)

Capital contributions

-

-

4,835,342

-

Transfers in

517,440

10,003,868

53,830,082

154,200

Transfers out

(159,719)

(210,442)

(2,758,529)

(573,953)

Change in net position

3,100,984

2,397,034

90,411,219

(2,488,479)

Net position, beginning of year

45,840,569

5,073,695

44,510,513

Net position, end of year

48,941,553

$

7,470,729

$

42,022,034

$

Adjustment to reflect the consolidation of internal service

fund activities related to enterprise funds.

1,300,636

Change in net position of business-type activities

91,711,855

$

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

Enterprise Funds

17