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

SCHEDULE OF REVENUES AND EXPENDITURES BUDGET (MODIFIED ACCRUAL BASIS) AND ACTUAL WATER AND SEWER REVENUE BOND FUND For the Fiscal Year Ended June 30, 2017 Over Prior Current (Under) Years Year Total Budget Budget REVENUES Intergovernmental: US Environmental Protection Agency $ 1,054,012 $ - $ 1,054,012 $ 1,870,607 $ (816,595) N.C. Department of Natural Resources 53,071,288 11,694,335 64,765,623 98,455,731 (33,690,108) Gain (loss) on investments 57,394 318,449 375,843 - 375,843 Total revenues 54,182,694 12,012,784 66,195,478 100,326,338 (34,130,860) OTHER FINANCING SOURCES Issuance of debt 185,823,670 110,000,000 295,823,670 258,636,604 37,187,066 Premium on issuance of debt 46,714,239 - 46,714,239 46,714,239 - Total other financing sources 232,537,909 110,000,000 342,537,909 305,350,843 37,187,066 Total revenues and other financing sources $ 286,720,603 $ 122,012,784 $ 408,733,387 405,677,181 $ 3,056,206 Fund balance appropriated 1,000,000 $ 406,677,181 EXPENDITURES Water capital projects $ 90,973,701 $ 12,289,400 $ 103,263,101 $ 136,656,844 $ (33,393,743) Sewer capital projects 169,612,896 47,273,863 216,886,759 270,020,337 (53,133,578) Total expenditures $ 260,586,597 $ 59,563,263 $ 320,149,860 $ 406,677,181 $ (86,527,321) Actual City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 126 __________________________________________________________

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