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

SCHEDULE OF REVENUES AND EXPENDITURES BUDGET (MODIFIED ACCRUAL BASIS) AND ACTUAL PARKING FACILITIES 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 Parking facilities operating fund $ 16,334,053 Parking facilities capital projects fund 812,000 Total current year expenditures and other financing uses - modified accrual basis Parking facilities operating fund (14,263,374) Parking facilities capital projects fund (1,923,778) Deficiency of revenues and other financing sources under expenditures and other financing uses 958,901 Adjustments to full accrual basis: Accrued interest expense (5,030) Amortization of bond refunding costs (77,149) Amortization of premiums and discounts 279,488 Bond and note principal 3,823,966 Capital outlay 1,923,778 Depreciation (3,680,331) Net OPEB liability (19,253) Increase (decrease) in deferred outflows of resources for pensions 471,087 (Increase) decrease in deferred inflows of resources for pensions 49,235 Increase in pension liability (594,401) Vacation expense (1,912) Change in net position per statement of revenues, expenses, and changes in fund net position $ 3,128,379 City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 140 __________________________________________________________

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