Comprehensive Annual Financial Report - Fiscal Year ended 6/30/2017

COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR CAPITAL PROJECTS FUNDS For the Fiscal Year Ended June 30, 2017 Raleigh Street Park Union Improvement Street Bond Sidewalk Improvement Station Facility Fees Fund Fund Fund Fund Fund Fund REVENUES Intergovernmental 1,745,433 $ - $ 8,032 $ - $ 14,839,309 $ - $ Project revenue (non-grant) - - - - 3,650,000 - Assessments 891,582 - 358,484 176,906 - - Gain (loss) on investments 104,856 112,034 (49,954) 53,069 20,983 19,234 Facility fees - - - 18,491 - 8,216,101 Rents - - - - - - Miscellaneous other - - - 43,468 - - Total revenues 2,741,871 112,034 316,562 291,934 18,510,292 8,235,335 EXPENDITURES Current: General government - - - - - - Public infrastructure 15,672,570 26,199,966 205,195 - 30,000,936 - Public safety - - - - - - Leisure services - - - 3,906,600 - - Total expenditures 15,672,570 26,199,966 205,195 3,906,600 30,000,936 - Excess (deficiency) of revenues over (under) expenditures (12,930,699) (26,087,932) 111,367 (3,614,666) (11,490,644) 8,235,335 OTHER FINANCING SOURCES (USES) Transfers in 14,907,000 - 661,000 7,978,000 5,973,533 - Transfers out (1,839,203) (6,058,500) - - - (10,187,096) Issuance of debt - 59,909,972 - - - - Premium on issuance of debt - 5,087,942 - - - - Gain (loss) on sale of capital assets - 1,438,100 - - - - Total other financing sources and uses 13,067,797 60,377,514 661,000 7,978,000 5,973,533 (10,187,096) Net change in fund balances 137,098 34,289,582 772,367 4,363,334 (5,517,111) (1,951,761) Fund balances, beginning of year 23,156,033 5,627,711 4,038,023 12,201,943 10,777,611 5,438,362 Fund balances, end of year 23,293,131 $ 39,917,293 $ 4,810,390 $ 16,565,277 $ 5,260,500 $ 3,486,601 $ City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 104 __________________________________________________________

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