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

COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION INTERNAL SERVICE FUNDS For the Fiscal Year Ended June 30, 2017 Solid Waste Employees' Governmental Services Risk Health Equipment Equipment Management Benefits Replacement Replacement Fund Fund Fund Fund OPERATING REVENUES Charges for services - internal 9,304,565 $ 43,644,001 $ 7,272,883 $ 5,033,800 $ Other charges - - - - Total operating revenues 9,304,565 43,644,001 7,272,883 5,033,800 OPERATING EXPENSES Personnel services 489,637 - - - Other facility operating costs - - 89,800 - Operational expenses 923,704 3,731,629 - - Claims 5,480,164 37,370,764 - - Premiums 1,521,955 - - - Depreciation - - 7,441,987 3,315,792 Other - - 197,869 34,104 Total operating expenses 8,415,460 41,102,393 7,729,656 3,349,896 Operating income (loss) 889,105 2,541,608 (456,773) 1,683,904 NONOPERATING REVENUES (EXPENSES) Gain (loss) on investments 1,516,901 9,043 16,045 4,425 Gain on actuarial estimate 7,234,493 - - - Recovery of claims 630,779 227,548 110,192 - Interest expense - - (188,555) (89,459) Gain (loss) on sale of capital assets - - 611,564 66,065 Total nonoperating revenues (expenses) 9,382,173 236,591 549,246 (18,969) Income (loss) before transfers 10,271,278 2,778,199 92,473 1,664,935 Transfers in - 950,000 661,713 - Transfers out (5,290,000) - - - Change in net position 4,981,278 3,728,199 754,186 1,664,935 Net position, beginning of year 16,240,235 3,423,267 11,352,438 3,495,436 Total net position, end of year 21,221,513 $ 7,151,466 $ 12,106,624 $ 5,160,371 $ City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 148 __________________________________________________________

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