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

BALANCE SHEET GOVERNMENTAL FUNDS June 30, 2017 Nonmajor Total Governmental Governmental General Fund Funds Funds ASSETS Cash and cash equivalents 243,580,411 $ 159,717,152 $ 403,297,563 $ Taxes receivable, net of allowance for uncollectibles of $9,390,436 282,648 - 282,648 Assessments receivable, net of allowance for uncollectibles of $209,451 364,508 746,172 1,110,680 Customer receivables 24,916 - 24,916 Due from other governmental agencies 2,717,836 11,346,476 14,064,312 Due from GoTriangle - - - Accrued interest receivable 1,146,457 500,735 1,647,192 Other receivables and assets 7,931,007 822 7,931,829 Sales tax receivable 25,750,871 1,046,615 26,797,486 Due from other funds 8,217,168 1,004,789 9,221,957 Inventories 4,307,659 - 4,307,659 Other assets 145,555 - 145,555 Loans receivable, net of allowance for uncollectibles of $8,198,510 515,679 60,857,198 61,372,877 Assets held for resale - 11,625,378 11,625,378 Cash and cash equivalents /investments - restricted deposits and bond proceeds 27,476 113,487,646 113,515,122 Total assets 295,012,191 $ 360,332,983 $ 655,345,174 $ LIABILITIES Accounts payable 4,661,129 $ 16,193,706 $ 20,854,835 $ Accrued salaries and employee payroll taxes 2,895,144 43,347 2,938,491 Employee taxes and related withholdings 8,921,483 - 8,921,483 Sales tax payable 10,603 4,793 15,396 Loan servicing escrow 397,367 271,992 669,359 Other liabilities 531,892 15,909 547,801 Due to other funds 606,819 3,158,216 3,765,035 Reimbursable facility fees 405,192 5,938,926 6,344,118 Escrow and other deposits payable from restricted assets - 2,730,996 2,730,996 Due to other governmental agencies 1,134,546 - 1,134,546 Total liabilities 19,564,175 28,357,885 47,922,060 DEFERRED INFLOWS OF RESOURCES Property tax receivable 282,648 - 282,648 Assessments receivable 364,508 746,172 1,110,680 Prepaid assessments - 6,653 6,653 Prepaid taxes and facility fees 57,175 - 57,175 Unearned revenue 226,220 5,592,475 5,818,695 Total deferred inflows of resources 930,551 6,345,300 7,275,851 FUND BALANCES Nonspendable: Assets held for resale - 11,625,378 11,625,378 Inventories 4,307,659 - 4,307,659 Loans receivable 515,679 60,857,198 61,372,877 Restricted: Stabilization by state statute 53,805,524 - 53,805,524 Debt service - 42,757,974 42,757,974 Federal program reserves 2,583,231 - 2,583,231 Public safety - 298,098 298,098 Committed: LEO 3,924,329 - 3,924,329 Assigned: Subsequent year's appropriation 22,133,914 133,425,401 155,559,315 Community development 5,401,296 12,196,052 17,597,348 City projects 358,658 59,542,819 59,901,477 Disaster recovery - 4,926,878 4,926,878 Debt service 104,730,554 - 104,730,554 Unassigned 76,756,621 - 76,756,621 Total fund balances 274,517,465 325,629,798 600,147,263 Total liabilities, deferred inflows of resources and fund balances 295,012,191 $ 360,332,983 $ 655,345,174 $ The notes to the financial statements are an integral part of this statement. City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 4 __________________________________________________________

RkJQdWJsaXNoZXIy NjM1NA==