City of Raleigh
Annual maturities for Water and Sewer Utility are as follows:
Ending June 30
The City has previously entered into a state revolving loan program to fund lake and stream enhancements. The
loan is to be repaid in annual payments over 20 years at 0% interest.
Annual maturities for the Stormwater Utility are as follows:
Ending June 30
Earned Vacation Pay.
At June 30, 2016, earned vacation pay consists of $19,521,435 for governmental activities
and $4,683,796 for business‐type activities.
Landfill Postclosure Care Costs.
State and federal laws and regulations require the City to maintain a final cover
over its Wilders Grove landfill site and to perform certain maintenance and monitoring functions at the site for
thirty years after closure. The landfill was closed for waste disposal on December 31, 1997. During 2015‐16 the
third party cost estimate was updated for both postclosure costs and the corrective action plan (CAP) costs
associated with ground water violations at the landfill identified in 2007‐08. The $4,437,595 reported as landfill
postclosure liability as of June 30, 2016 includes the CAP report cost estimate as well as the cost to perform the on‐
going postclosure care. Actual costs may be higher due to inflation, changes in technology, or changes in
The City is required by state and federal laws and regulations to demonstrate financial assurance for postclosure
care. The City is in compliance with these requirements, and, demonstrated such by completion of the local
government financial assurance test submitted to DENR on November 24, 2015.