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

COMBINING STATEMENT OF NET POSITION INTERNAL SERVICE FUNDS June 30, 2017 Solid Waste Employees' Governmental Services Risk Health Equipment Equipment Management Benefits Replacement Replacement Fund Fund Fund Fund ASSETS Current assets: Cash and cash equivalents 38,333,704 $ 9,239,920 $ 2,129,300 $ 1,441,578 $ Accrued interest receivable 144,579 4,888 - - Sales tax receivable 3,007 1,404 292,617 15,220 Other receivables - 48,254 - - Due from other funds 1,177 - - - Inventories - - - - Insurance deposit 400,000 - - - Prepaid expense 410,699 - - - Total current assets 39,293,166 9,294,466 2,421,917 1,456,798 Noncurrent assets: Restricted cash and cash equivalents - - 24,785,395 5,633,034 Capital assets: Buildings and machinery - - - - Equipment - - 84,757,227 32,476,460 Less: accumulated depreciation - - (59,106,339) (19,662,648) Total noncurrent assets - - 50,436,283 18,446,846 Total assets 39,293,166 9,294,466 52,858,200 19,903,644 DEFERRED OUTFLOWS OF RESOURCES Contributions to pension plan 84,025 - - - LIABILITIES Current liabilities: Accounts payable 411,498 - 984,824 - Accrued salaries and employee payroll taxes 3,446 - - - Accrued interest payable - - 24,714 6,998 Sales tax payable - - 33 - Claims payable and other liabilities 5,894,000 2,143,000 - - Due to other funds - - 1,177 323,856 Bonds, notes and loans payable - - 10,991,078 5,780,540 Total current liabilities 6,308,944 2,143,000 12,001,826 6,111,394 Noncurrent liabilities: Claims payable and other liabilities 11,701,902 - - - Bonds, notes and loans payable - - 28,749,750 8,631,879 Net pension liability 114,844 - - - Earned vacation pay 21,362 - - - Total noncurrent liabilities 11,838,108 - 28,749,750 8,631,879 Total liabilities 18,147,052 2,143,000 40,751,576 14,743,273 DEFERRED INFLOWS OF RESOURCES Pension deferrals 8,626 - - - NET POSITION Net investment in capital assets - - 10,695,455 4,034,427 Unrestricted 21,221,513 7,151,466 1,411,169 1,125,944 Total net position 21,221,513 $ 7,151,466 $ 12,106,624 $ 5,160,371 $ City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 146 __________________________________________________________

RkJQdWJsaXNoZXIy NjM1NA==