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

SCHEDULE OF REVENUES AND EXPENDITURES BUDGET (MODIFIED ACCRUAL BASIS) AND ACTUAL WATER AND SEWER FUNDS For the Fiscal Year Ended June 30, 2017 RECONCILIATION OF MODIFIED ACCRUAL BASIS TO FULL ACCRUAL BASIS: Total current year revenues and other financing sources - modified accrual basis: Water and sewer operating fund $ 332,465,185 Water capital projects fund 34,395,566 Sewer capital projects fund 36,811,467 Water and sewer revenue bond fund 122,012,784 Total current year expenditures and other financing uses - modified accrual basis: Water and sewer operating fund (318,536,191) Water capital projects fund (20,778,242) Sewer capital projects fund (23,365,817) Water and sewer revenue bond fund (59,563,263) Excess of revenues and other financing sources over expenditures and other financing uses 103,441,489 Adjustments to full accrual basis: Amortization of refunding charges 10,113,345 Amortization of bond premiums and discounts (17,810,756) Bond and note proceeds (203,054,335) Bond and note principal payments 113,856,656 Capital contributions 3,990,020 Capital outlay 104,138,863 Capitalized interest 3,987,018 Depreciation (35,893,343) Earned vacation pay expense (229,117) Interest expense accrual 1,535,050 Other escrow expenditures 38,648 OPEB expense (326,797) Increase in deferred outflows of resources - pensions 7,923,924 Decrease in deferred inflows of resources - pensions 828,165 Increase in net pension liability (9,998,132) Revenue accruals from receivables 260,867 Change in net position per statement of revenues, expenses and changes in fund net position $ 82,801,565 City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 127 __________________________________________________________

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