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

SCHEDULE OF REVENUES AND EXPENDITURES BUDGET (MODIFIED ACCRUAL BASIS) AND ACTUAL PARKING FACILITIES OPERATING FUND For the fiscal year ended June 30, 2017 Over (Under) Actual Budget Budget REVENUES Parking fees $ 15,748,578 $ 14,891,303 $ 857,275 Gain (loss) on investments 11,939 48,000 (36,061) Miscellaneous other 35,575 42,434 (6,859) Total revenues 15,796,092 14,981,737 814,355 OTHER FINANCING SOURCES Transfers from: General fund 500,000 500,000 - Risk management fund 37,961 37,961 - Total other financing sources 537,961 537,961 - Total revenues and other financing sources $ 16,334,053 15,519,698 $ 814,355 Fund balance appropriated 2,593,970 $ 18,113,668 EXPENDITURES Operating expenditures $ 7,013,751 $ 9,714,365 $ (2,700,614) DEBT SERVICE Bond principal 298,173 298,173 - Bond interest 7,454 3,727 3,727 Note principal 3,525,793 3,516,963 8,830 Note interest 1,730,800 2,687,109 (956,309) Other debt service expenditures 204,072 410,000 (205,928) Total debt service 5,766,292 6,915,972 (1,149,680) OTHER FINANCING USES Transfers to: Equipment replacement fund 500,000 500,000 - Parking facilities capital projects fund 812,000 812,000 - Technology capital projects fund 31,331 31,331 - Vehicle fleet services fund 140,000 140,000 - Total other financing uses 1,483,331 1,483,331 - Total expenditures and other financing uses $ 14,263,374 $ 18,113,668 $ (3,850,294) City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 138 __________________________________________________________

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