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

SCHEDULE OF REVENUES AND EXPENDITURES BUDGET (MODIFIED ACCRUAL BASIS) AND ACTUAL CONVENTION AND PERFORMING ARTS COMPLEX PROJECTS FUND For the Fiscal Year Ended June 30, 2017 Over Prior Current (Under) Years Year Total Budget Budget OTHER FINANCING SOURCES Note proceeds $ 5,786,016 $ - $ 5,786,016 $ 14,224,778 $ (8,438,762) Bond proceeds 8,604,232 - 8,604,232 708,441 7,895,791 Premium on bonds 1,285,931 - 1,285,931 728,559 557,372 Miscellaneous revenues 573,913 43,700 617,613 589,136 28,477 Gain (loss) on investments 74,960 11,962 86,922 77,347 9,575 Transfers from: General Fund 510,000 2,650,000 3,160,000 3,160,000 - Convention center operating fund 1,558,000 500,000 2,058,000 2,058,000 - Miscellaneous capital projects fund 118,000 - 118,000 118,000 - Total revenues and other financing sources $ 18,511,052 $ 3,205,662 $ 21,716,714 $ 21,664,261 $ 52,453 EXPENDITURES Convention center and performing arts complex projects $ 15,107,026 $ 2,136,632 $ 17,243,658 $ 21,664,261 $ (4,420,603) Actual City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 129 __________________________________________________________

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