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

SCHEDULE OF REVENUES AND EXPENDITURES - BUDGET (MODIFIED ACCRUAL BASIS ) AND ACTUAL CONVENTION CENTER 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 Convention center and performing arts complex operating fund $ 38,357,412 Convention center and performing arts complex projects fund 3,205,662 Convention center complex capital projects fund 2,709,000 Total current expenditures and other financing uses - modified accrual basis Convention center and performing arts complex operating fund (34,809,154) Convention center and performing arts complex projects fund (2,136,632) Convention center complex capital projects fund (1,190,382) Excess of revenues and other financing sources over expenditures and other financing uses 6,135,906 Adjustments to full accrual basis: Amortization of premiums and discounts 113,936 Bond and note principal payments 8,883,943 Capital outlay 3,303,571 Depreciation (8,266,557) Interest expense accrual (128,065) OPEB expense (55,040) Increase in deferred outflows of resources - pensions 1,292,469 Decrease in deferred inflows of resources - pensions 135,082 Increase in net pension liability (1,630,792) Principal paid on internal note 466,195 Vacation expense (1,497) Change in net position per statement of revenues, expenses and changes in net position $ 10,249,151 City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 131 __________________________________________________________

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