City of Raleigh
Depreciation expense was charged to functions/programs of the business‐type activities as follows:
Solid Waste Services
Capital assets held by certain internal service funds are charged to the
various business‐type activities based on the usage of the assets
Total depreciation expense ‐ business‐type activities
Annexations: The amount reported as additions for water and sewer systems includes $1,278,008 added from
annexations during fiscal year 2015‐16.
Commitments ‐ construction projects.
At June 30, 2016, the City has $221,422,469 in project obligations for
business‐type activities for construction projects in progress as follows: $173,757,820 for water and sewer projects,
$13,267,328 for transit projects, $8,072,064 for stormwater projects, $12,867,689 for convention center projects and
$13,457,568 for parking garage projects. These obligations are fully budgeted and are being financed primarily by
state loans, general obligation bond proceeds, revenue bond proceeds, federal grants, storm water fees and
certificates of participation.
In addition, the City has $183,395,263 in general government project obligations at June 30, 2016. These obligations
relate to construction in progress projects for street construction, redevelopment projects and community center and
park construction, and other major public facilities. These projects are fully budgeted and the funding for these
governmental projects is indicated through designations of fund balance at June 30, 2016.