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

CHANGES IN FUND BALANCES, GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS (modified accrual basis of accounting) (amounts expressed in thousands) 2008 2009 2010 2011 2012 Revenues Ad valorem taxes 151,301 $ 180,362 $ 184,930 $ 186,625 $ 189,486 $ Intergovernmental 61,500 65,815 64,174 87,156 85,624 Project revenue (non-grant) - - - - - Non-governmental - - - - - Developer participation 127 141 15 2,313 510 Assessments 733 527 493 562 1,336 Local sales tax 70,313 62,442 58,651 61,776 67,828 Licenses 17,585 19,627 19,098 19,671 21,050 Gain (loss) on investments 15,982 9,764 3,853 5,000 1,683 Inspection fees 10,918 8,517 7,408 7,164 7,695 Highway maintenance refunds 986 1,104 1,242 786 772 Facility fees 5,638 4,040 4,084 7,310 6,632 Other fees and charges 29,658 30,975 30,995 32,429 37,175 Rents 310 374 437 514 787 Program income 2,881 2,691 2,188 2,536 2,619 Other revenues 3,605 2,410 2,149 1,589 1,831 Miscellaneous 1,076 3,461 2,022 1,024 745 Total revenues 372,613 392,250 381,739 416,455 425,773 Expenditures General government 37,792 35,998 34,791 42,096 38,709 Community development services 24,828 26,652 25,421 25,332 25,268 Public works 21,572 22,054 21,762 24,723 23,143 Public infrastructure - - - - - Public safety 130,476 136,794 143,173 145,251 144,448 Solid waste services (2) 21,658 25,091 24,043 24,949 24,556 Leisure services 39,572 42,073 43,973 49,415 54,355 Economic development programs 5,329 4,399 4,375 5,710 5,656 Other expenditures - 36 - 3 402 Capital outlay 65,634 101,497 94,470 73,332 78,785 Debt service Principal 15,967 20,125 20,717 26,900 26,699 Interest 9,493 10,021 13,195 13,494 12,601 Other debt service expenditures 307 335 335 572 652 Total expenditures 372,628 425,075 426,255 431,777 435,274 Other financing sources (uses) Transfers in 22,730 36,820 23,253 26,759 27,185 Transfers out (55,219) (59,991) (52,146) (60,307) (56,101) Proceeds from sale of property - - 177 - - Bonds issuance 54,279 56,281 109,550 46,430 147,600 Premium on bonds issued - - 6,405 1,360 17,765 Premium on refunding bond issued - - - - 5,331 Refunding bonds issuance - 14,759 52,197 - 33,925 Payments to escrow agent - (14,284) (95,418) - (39,129) Total other financing sources (uses) 21,790 33,585 44,018 14,242 136,576 Net change in fund balances 21,775 $ 760 $ (498) $ (1,080) $ 127,075 $ Debt service as a percentage of noncapital expenditures (1) 8.09% 8.85% 9.95% 11.17% 10.74% (1) Capital outlay component of ratio calculation included as follows: 2008-2017 - capital outlay as per reconciliation of statement of revenues, expenditures, and changes in fund balances of governmental funds to the statement of activities (2) The City began reporting the solid waste services operations as an enterprise fund effective FY 13. Prior to that, the operations were included as part of the City's general fund. (3) Public works changed to public infrastructure in FY 2017 as part of a City-wide department reorganization effort. Fiscal Year City of Raleigh _____________________________________________________________ Statistical Section ____________________________________________________________ __________________________________________________________ 178 __________________________________________________________

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