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

DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT As of June 30, 2017 (amounts expressed in thousands) Percentage City's Bonded Applicable Share of Debt to City Debt Direct Debt - City of Raleigh (1) 574,017 $ 100.00% 574,017 $ Overlapping Debt: (2) Wake County Debt (3) 1,727,865 41.34% (4) 714,371 Total Direct and Overlapping Debt 2,301,882 $ 1,288,388 $ Notes: (1) This total includes all governmental activities debt. (2) Overlapping debt does not include the debt of the Special Airport Tax District of Durham and Wake Counties as these bonds are payable by the Airport Authority out of airport revenues. (3) This total includes $1,401,404,544 of Wake County School Bonds. (4) Percentage of direct and overlapping debt is based on June 30, 2017 assessed valuation of the City of Raleigh ($58,465,155,456) as compared to the June 30, 2017 assessed valuation of Wake County ($141,411,010,294). City of Raleigh _____________________________________________________________ Statistical Section ____________________________________________________________ __________________________________________________________ 188 __________________________________________________________

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