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

STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2017 Convention Water and Center Complex Mass Transit Stormwater Sewer Fund Fund Fund Fund ASSETS Current assets: Cash and cash equivalents 338,609,069 $ 24,576,729 $ - $ 46,616,859 $ Customer receivables, net of allowance for uncollectibles of $9,900,018 22,786,392 - - 1,395,536 Assessments receivable, net of allowance for uncollectibles of $60,114 875,190 - - - Due from transit management - - 2,989,500 - Due from other governmental agencies 2,015,590 - 4,186,616 506,303 Due from other funds 136,043 24,298 - - Accrued interest receivable 1,232,681 44,422 - 195,330 Other receivables and assets 820,759 671,403 - 3,664 Sales tax receivable 3,230,676 204,486 418,111 20,790 Inventories 8,452,799 - 604,927 - Insurance deposit - - - - Total current assets 378,159,199 25,521,338 8,199,154 48,738,482 Noncurrent assets: Restricted cash and cash equivalents 94,184,619 2,044,162 50,305 12,186,067 Capital assets: Land and improvements 41,434,589 20,829,848 3,994,684 5,980,458 Construction in progress 381,588,478 19,637,796 3,824,610 23,292,946 Watershed protection rights 4,756,459 - - - Water and sewer systems 1,232,704,334 - - - Buildings and machinery 88,737,597 271,091,201 28,102,339 - Parking decks - - - - Buses - - 40,588,852 - Equipment 22,255,297 2,354,857 2,981,747 990,738 Furniture and fixtures 61,921 2,511,265 50,046 - Improvements 151,882,251 30,275,723 1,787,426 49,089,582 Less accumulated depreciation (526,261,460) (96,797,842) (36,623,895) (18,652,617) Total noncurrent assets 1,491,344,085 251,947,010 44,756,114 72,887,174 Total assets 1,869,503,284 277,468,348 52,955,268 121,625,656 DEFERRED OUTFLOWS OF RESOURCES Unamortized bond refunding charges 29,311,315 74,958 - - Pension deferrals - - 3,184 - Contributions to pension plan 9,145,945 1,492,669 296,803 1,472,744 Accumulated decrease in fair value of hedging derivatives 25,950,764 33,707,375 - - Total deferred outflows of resources 64,408,024 35,275,002 299,987 1,472,744 The notes to the financial statements are an integral part of this statement. Continued Enterprise Funds City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 10 __________________________________________________________

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