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

SCHEDULE OF REVENUES AND EXPENDITURES BUDGET (MODIFIED ACCRUAL BASIS) AND ACTUAL MASS TRANSIT FUND For the Fiscal Year Ended June 30, 2017 Over Prior Current (Under) Years Year Total Budget Budget REVENUES Farebox $ - $ 5,884,303 $ 5,884,303 $ 5,994,816 $ (110,513) ART program fees - 836,049 836,049 790,328 45,721 Intergovernmental revenue: Federal Transit Administration 17,021,183 14,314,758 31,335,941 44,737,321 (13,401,380) State of North Carolina 385,738 3,479,588 3,865,326 4,425,764 (560,438) Miscellaneous other - - - 740,140 (740,140) Total revenues 17,406,921 24,514,698 41,921,619 56,688,369 (14,766,750) OTHER FINANCING SOURCES Proceeds on disposal of capital assets - 36,833 36,833 - 36,833 Transfers from: General fund 53,805 17,821,766 17,875,571 18,924,407 (1,048,836) Risk management fund - 14,835 14,835 14,835 - Street improvement fund 3,614,748 1,951,703 5,566,451 9,308,741 (3,742,290) Total other financing sources 3,668,553 19,825,137 23,493,690 28,247,983 (4,754,293) Total revenues and other financing sources $ 21,075,474 $ 44,339,835 $ 65,415,309 84,936,352 $ (19,521,043) Fund balance appropriated 1,206,087 $ 86,142,439 EXPENDITURES Mass transit operating expenditures $ - $ 18,697,152 $ 18,697,152 $ 22,069,083 $ (3,371,931) ART program operating expenditures - 8,314,167 8,314,167 8,706,182 (392,015) Capital grant expenditures 21,075,474 16,938,895 38,014,369 54,998,050 (16,983,681) Total expenditures 21,075,474 43,950,214 65,025,688 85,773,315 (20,747,627) OTHER FINANCING USES Transfers to: Grants fund - 283,022 283,022 356,357 (73,335) Technology capital projects fund - 12,767 12,767 12,767 - Total other financing uses - 295,789 295,789 369,124 (73,335) Total expenditures and other financing uses $ 21,075,474 $ 44,246,003 $ 65,321,477 $ 86,142,439 $ (20,820,962) Actual City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 132 __________________________________________________________

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