Table of Contents Table of Contents
Previous Page  66 / 270 Next Page
Information
Show Menu
Previous Page 66 / 270 Next Page
Page Background

18

City of Raleigh

Financial Section

STATEMENT OF CASH FLOWS

PROPRIETARY FUNDS

For the fiscal year ended June 30, 2016

Convention

Water and

Center Complex Mass Transit

Stormwater

Sewer Fund

Fund

Fund

Fund

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts from customers

226,594,716

$

13,852,100

$

6,874,246

$

17,806,285

Payments to employees

(41,473,951)

(8,548,384)

(702,462)

(4,232,348)

Payments to suppliers and service providers

(53,132,462)

(7,595,973)

(33,817,900)

(7,187,411)

Claims paid

-

-

-

-

Premiums paid

-

-

-

-

Other receipts

600,130

18,178

242,984

109,022

Other payments

-

(1,224,881)

-

-

Net cash provided by (used in) operating activities

132,588,433

(3,498,960)

(27,403,132)

6,495,548

CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES

Operating subsidies and transfers from other funds

331,360

22,883,546

20,075,542

18,326

Operating subsidies and transfers to other funds

(1,709,278)

(257,694)

(241,164)

(180,232)

Operating grants received

-

-

2,627,581

-

Other expenditures

-

-

-

Internal activity - payments from (to) other funds

-

(1,129,340)

1,618,402

13,729

Net cash provided by (used in) noncapital financing activities

(1,377,918)

21,496,512

24,080,361

(148,177)

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES

Purchase and construction of capital assets

(62,451,982)

(11,239,543)

(2,428,717)

(5,244,780)

Capital grants and other capital contributions

1,915,194

-

9,242,903

232,734

Proceeds from capital debt

68,478,073

13,002,909

-

-

Intergovernmental proceeds for capital debt

-

-

-

-

Principal paid on capital debt

(81,978,885)

(7,695,000)

-

(101,738)

Interest paid on capital debt

(22,420,459)

(7,928,619)

-

-

Other debt related payments

(2,417,249)

-

-

-

Proceeds from the sale of capital assets

614,672

-

467

-

Escrow deposits

(287,513)

-

-

1,608,689

Net cash provided by (used in) capital and related

financing activities

(98,548,149)

(13,860,253)

6,814,653

(3,505,095)

CASH FLOWS FROM INVESTING ACTIVITIES

Gain (loss) on investments held

2,585,645

115,807

-

470,183

Net cash provided by investing activities

2,585,645

115,807

-

470,183

Net increase (decrease) in cash and cash equivalents

35,248,011

4,253,106

3,491,882

3,312,459

Cash and cash equivalents - beginning of year

290,993,915

14,392,757

(1,664,729)

48,114,758

Cash and cash equivalents - end of year

326,241,926

$

18,645,863

$

1,827,153

$

51,427,217

$

RECONCILIATION OF OPERATING INCOME (LOSS)

TO NET CASH PROVIDED (USED)

BY OPERATING ACTIVITIES

Operating income (loss)

98,300,715

$

(11,792,315)

$

(31,050,615)

$

4,746,978

$

Adjustments to reconcile operating income (loss)

to net cash provided by (used in) operating activities:

Depreciation expense

34,822,233

8,215,751

3,724,582

2,118,660

Miscellaneous nonoperating income

600,130

-

-

-

Miscellaneous nonoperating expense

-

(1,224,881)

-

-

Change in assets and liabilities:

Operating receivables

410,326

(147,952)

(594,509)

(23,353)

Sales tax receivable

90,727

(124,773)

76,315

9,144

Inventories

(133,509)

-

(109,345)

-

Other receivables and assets

(747,602)

-

-

(3,938)

Accounts payable and other accrued liabilities

(535,367)

1,508,972

551,178

(368,715)

Landfill postclosure liability

-

-

-

-

Decrease in pension asset

3,455,844

561,575

91,796

302,386

(Increase) decrease in deferred outflows of resources - pensions

542,293

86,501

15,803

46,578

Increase (decrease) in deferred inflows of resources - pensions

(6,947,891)

(1,108,252)

(202,469)

(596,751)

Increase in pension liability

2,607,293

405,552

84,891

218,374

Escrow and other deposits

-

79,644

-

-

Earned vacation pay and other payroll liabilities

187,534

35,132

9,241

46,185

Unearned revenue

(64,293)

6,086

-

-

Total adjustments

34,287,718

8,293,355

3,647,483

1,748,570

Net cash provided by (used in) operating activities

132,588,433

$

(3,498,960)

$

(27,403,132)

$

6,495,548

$

Noncash investing, capital, and financing activities:

Capital contributions from annexations and mergers

1,278,008

$

-

$

-

$

-

$

Capital contributions from grant and assessment receivables

(1,511,629)

$

-

$

-

$

-

$

Acquisition and construction of capital assets

6,779,370

$

-

$

-

$

-

$

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

Enterprise Funds