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

SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET (MODIFIED ACCRUAL BASIS) AND ACTUAL WATER AND SEWER OPERATING FUND For the Fiscal Year Ended June 30, 2017 Over (Under) Actual Budget Budget REVENUES Water and sewer user charges $ 200,457,541 $ 190,160,573 $ 10,296,968 Water infrastructure replacement 4,617,132 5,440,000 (822,868) Sewer infrastructure replacement 12,041,475 11,220,000 821,475 Watershed protection fees 2,270,724 2,250,000 20,724 Capital facility fees 9,935,395 9,997,000 (61,605) Connections and tap fees 1,878,330 1,004,000 874,330 Water and sewer penalties 942,255 1,155,000 (212,745) Water and sewer sales - municipalities 630,141 158,400 471,741 Facility charges 1,526,289 745,000 781,289 Water and sewer assessments 260,325 - 260,325 Acreage connection fees 962,654 - 962,654 Miscellaneous other 4,250,949 2,820,032 1,430,917 Total operating revenues 239,773,210 224,950,005 14,823,205 NONOPERATING REVENUES Gain (loss) on investments 1,825,696 1,110,000 715,696 Gain (loss) on disposal of capital assets 94,326 - 94,326 Other 388,856 1,022,600 (633,744) Total nonoperating revenues 2,308,878 2,132,600 176,278 OTHER FINANCING SOURCES Transfer from: Solid waste services fund 222,983 222,983 - Risk management fund 774,927 774,927 - Refunding bonds issued 89,385,188 89,385,188 - Total other financing sources 90,383,098 90,383,098 - Total revenues and other financing sources $ 332,465,186 317,465,703 $ 14,999,483 Fund balance appropriated 30,312,670 $ 347,778,373 EXPENDITURES Public utilities: Administration $ 6,693,073 $ 10,104,280 $ (3,411,207) Capital improvements management 3,659,830 3,873,195 (213,365) Water plant 18,555,184 22,393,992 (3,838,808) Waste treatment plant 21,119,207 23,408,993 (2,289,786) Utility billing 6,610,941 7,044,604 (433,663) Sewer maintenance 11,696,580 13,426,820 (1,730,240) Water distribution 10,682,435 11,777,812 (1,095,377) Meter operations 5,114,263 6,027,012 (912,749) Warehouse 2,302,440 2,516,547 (214,107) Repairs and maintenance 1,670,688 2,430,342 (759,654) 88,104,641 103,003,597 (14,898,956) Continued City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 122 __________________________________________________________

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