Component Units - State of North Carolina
State of North Carolina
June 30, 2015
NOTES TO THE FINANCIAL STATEMENTS
NOTE 18:
COMPONENT UNITS — FINANCIAL INFORMATION
Financial statements as of and for the fiscal year ended June 30, 2015 are presented below (dollars in thousands). Statement of Net Position University of North Carolina System Asse ts Cash and cash equivalents...................................................... Investments............................................................................. Receivables, net...................................................................... Due from component units....................................................... Due from primary government................................................... Inventories............................................................................... Prepaid items........................................................................... Notes receivable, net............................................................... Investment in joint venture........................................................ Restricted/designated cash and cash equivalents.................... Restricted investments............................................................. Restricted due from primary government................................... Restricted due from component units....................................... Capital assets- nondepreciable................................................ Capital assets- depreciable, net............................................... Total Assets.......................................................................... De fe rre d O utflows of Re sourc e s Accumulated decrease in fair value of hedging derivatives........ Deferred loss on refunding....................................................... Deferred outflows for pensions................................................. Other deferred outflows............................................................ Total Deferred Outflows of Resources.................................... Lia bilitie s Accounts payable and accrued liabilities.................................. Medical claims payable............................................................ Interest payable....................................................................... Short- term debt....................................................................... Due to component units........................................................... Due to primary government....................................................... Unearned revenue................................................................... Advance from primary government........................................... Obligations under reverse repurchase agreements................... Deposits payable..................................................................... Funds held for others............................................................... Hedging derivatives liability....................................................... Long- term liabilities: Due within one year................................................................ Due in more than one year...................................................... Total Liabilities...................................................................... De fe rre d Inflows of Re sourc e s Deferred state aid.................................................................... Deferred inflows for pensions.................................................... Other deferred inflows.............................................................. Total Deferred Inflows of Resources....................................... Ne t P osition Net investment in capital assets................................................ Restricted for: Nonexpendable: Higher education.................................................................. Expendable: Higher education.................................................................. Health and human services................................................... Economic development......................................................... Unrestricted............................................................................. Total Net Position.....................................................................
$
$
1,529,363 $ 2,648,911 1,232,561 4,487 148,057 115,771 99,254 175,466 127,796 1,065,232 4,562,940 339 — 1,433,578 11,327,254 24,471,009
Community Colleges
State Health Plan
Other Component Units
Total
283,176 $ 1,024,120 $ 114,814 $ 77,183 — 956,440 93,378 50,828 79,699 — — 1,185 — — 82,100 19,857 — 730 6,227 — 3,394 674 — 3,052,569 — — — 97,732 — 838,714 232,387 — 1,780,450 15,728 — — 1,173 — — 383,428 — 109,153 2,405,585 32 536,891 3,616,528 1,074,980 7,556,139
2,951,473 3,682,534 1,456,466 5,672 230,157 136,358 108,875 3,228,709 127,796 2,001,678 6,575,777 16,067 1,173 1,926,159 14,269,762 36,718,656
130,378 32,061 231,662 — 394,101
— — 87,106 3,512 90,618
— — 268 — 268
4,450 — 2,254 — 6,704
134,828 32,061 321,290 3,512 491,691
1,035,884 — 44,559 73,212 — 478 178,848 — 12,376 17,251 907,325 130,378
72,717 — 45 — — 24 18,871 — — — 8,626 —
26,703 285,033 — — — 7 21,452 — — — — —
106,064 — 17,830 — 6,845 20 44,040 4,066 — 3,552 1,689,576 4,450
1,241,368 285,033 62,434 73,212 6,845 529 263,211 4,066 12,376 20,803 2,605,527 134,828
321,706 5,353,393 8,075,410
15,312 194,228 309,823
43 611 333,849
279,795 2,486,799 4,643,037
616,856 8,035,031 13,362,119
— 639,725 1,039 640,764
— 250,107 549 250,656
— 949 — 949
121,344 6,504 — 127,848
121,344 897,285 1,588 1,020,217
8,177,553
2,732,139
32
524,326
11,434,050
2,298,231
188,406
—
—
2,486,637
— 476,709 — 37 — 777,710 740,418 1,013,176 740,450 $ 2,791,958
3,874,609 37 777,710 4,254,968 22,828,011
3,170,439 — — 2,502,713 16,148,936 $
172
227,461 — — (1,339) 3,146,667 $
$
State of North Carolina
June 30, 2015
NOTES TO THE FINANCIAL STATEMENTS Statement of Activities
Total expenses....................................................................... Program revenues: Charges for services......................................................... [1] Operating grants and contributions: State aid - program........................................................ Other operating grants and contributions..................... Capital grants and contributions: State capital aid............................................................. Other capital grants and contributions.......................... Net program (expense) revenue............................................ Non-tax general revenues: State aid - general.............................................................. Miscellaneous..................................................................... Total non-tax general revenues....................................... Contributions to endow ments................................................ Change in net position............................................................ Net position — July 1, as restated ........................................ Net position — June 30..........................................................
University of North Carolina Community System Colleges $ 10,974,386 $ 2,184,933
State Health Plan $ 3,051,518
Other Component Units $ 855,310
Total $ 17,066,147
7,370,709
307,812
2,982,001
463,498
11,124,020
— 1,509,483
— 876,847
— 73,246
236,123 155,805
236,123 2,615,381
29,301 66,252 (1,998,641)
47,994 168,016 (784,264)
— — 3,729
74 3,818 4,008
952,664 5 952,669 8,010 176,415 2,970,252
— — — — 3,729 736,721
51,207 1,644 52,851 — 56,859 2,735,099
3,621,540 2,450 3,623,990 92,877 941,699 21,886,312
3,146,667
$ 740,450
$ 2,791,958
$ 22,828,011
2,617,669 801 2,618,470 84,867 704,696 15,444,240 $ 16,148,936
$
77,369 238,086 (2,775,168)
[1] The State Health Plan’s charges for services include $1.21 billion from the primary government.
Significant Transactions Between Component Units
State Health Plan - premium revenue (expense)....................
University of North Carolina System (296,955)
State Health Plan 380,977
Community Colleges (81,920)
Other Component Units (2,102)
Total —
Intra-Entity Balances — Between Primary Government and Component Units Due From /Restricted Due From Com ponent Units
General Fund
Other Funds
Total
Due To Com ponent Units: General Fund...................................... Other Governmental Funds................ Due To Prim ary Governm ent: University of North Carolina System.. Community Colleges........................... State Health Plan ............................... Other Component Units......................
$
8 — — —
$
470 24 7 20
$
478 24 7 20
Total.................................................... $
8
$
521
$
529
173
Due From /Restricted Due From Prim ary Governm ent University of North Other Carolina Community Component System Colleges Units Total
$ 148,057 339
$
— 15,728
$
82,100 —
$ 230,157 16,067
$ 148,396
$ 15,728
$
82,100
$ 246,224
June 30, 2015
NOTES TO THE FINANCIAL STATEMENTS
NOTE 18:
COMPONENT UNITS — FINANCIAL INFORMATION
Financial statements as of and for the fiscal year ended June 30, 2015 are presented below (dollars in thousands). Statement of Net Position University of North Carolina System Asse ts Cash and cash equivalents...................................................... Investments............................................................................. Receivables, net...................................................................... Due from component units....................................................... Due from primary government................................................... Inventories............................................................................... Prepaid items........................................................................... Notes receivable, net............................................................... Investment in joint venture........................................................ Restricted/designated cash and cash equivalents.................... Restricted investments............................................................. Restricted due from primary government................................... Restricted due from component units....................................... Capital assets- nondepreciable................................................ Capital assets- depreciable, net............................................... Total Assets.......................................................................... De fe rre d O utflows of Re sourc e s Accumulated decrease in fair value of hedging derivatives........ Deferred loss on refunding....................................................... Deferred outflows for pensions................................................. Other deferred outflows............................................................ Total Deferred Outflows of Resources.................................... Lia bilitie s Accounts payable and accrued liabilities.................................. Medical claims payable............................................................ Interest payable....................................................................... Short- term debt....................................................................... Due to component units........................................................... Due to primary government....................................................... Unearned revenue................................................................... Advance from primary government........................................... Obligations under reverse repurchase agreements................... Deposits payable..................................................................... Funds held for others............................................................... Hedging derivatives liability....................................................... Long- term liabilities: Due within one year................................................................ Due in more than one year...................................................... Total Liabilities...................................................................... De fe rre d Inflows of Re sourc e s Deferred state aid.................................................................... Deferred inflows for pensions.................................................... Other deferred inflows.............................................................. Total Deferred Inflows of Resources....................................... Ne t P osition Net investment in capital assets................................................ Restricted for: Nonexpendable: Higher education.................................................................. Expendable: Higher education.................................................................. Health and human services................................................... Economic development......................................................... Unrestricted............................................................................. Total Net Position.....................................................................
$
$
1,529,363 $ 2,648,911 1,232,561 4,487 148,057 115,771 99,254 175,466 127,796 1,065,232 4,562,940 339 — 1,433,578 11,327,254 24,471,009
Community Colleges
State Health Plan
Other Component Units
Total
283,176 $ 1,024,120 $ 114,814 $ 77,183 — 956,440 93,378 50,828 79,699 — — 1,185 — — 82,100 19,857 — 730 6,227 — 3,394 674 — 3,052,569 — — — 97,732 — 838,714 232,387 — 1,780,450 15,728 — — 1,173 — — 383,428 — 109,153 2,405,585 32 536,891 3,616,528 1,074,980 7,556,139
2,951,473 3,682,534 1,456,466 5,672 230,157 136,358 108,875 3,228,709 127,796 2,001,678 6,575,777 16,067 1,173 1,926,159 14,269,762 36,718,656
130,378 32,061 231,662 — 394,101
— — 87,106 3,512 90,618
— — 268 — 268
4,450 — 2,254 — 6,704
134,828 32,061 321,290 3,512 491,691
1,035,884 — 44,559 73,212 — 478 178,848 — 12,376 17,251 907,325 130,378
72,717 — 45 — — 24 18,871 — — — 8,626 —
26,703 285,033 — — — 7 21,452 — — — — —
106,064 — 17,830 — 6,845 20 44,040 4,066 — 3,552 1,689,576 4,450
1,241,368 285,033 62,434 73,212 6,845 529 263,211 4,066 12,376 20,803 2,605,527 134,828
321,706 5,353,393 8,075,410
15,312 194,228 309,823
43 611 333,849
279,795 2,486,799 4,643,037
616,856 8,035,031 13,362,119
— 639,725 1,039 640,764
— 250,107 549 250,656
— 949 — 949
121,344 6,504 — 127,848
121,344 897,285 1,588 1,020,217
8,177,553
2,732,139
32
524,326
11,434,050
2,298,231
188,406
—
—
2,486,637
— 476,709 — 37 — 777,710 740,418 1,013,176 740,450 $ 2,791,958
3,874,609 37 777,710 4,254,968 22,828,011
3,170,439 — — 2,502,713 16,148,936 $
172
227,461 — — (1,339) 3,146,667 $
$
State of North Carolina
June 30, 2015
NOTES TO THE FINANCIAL STATEMENTS Statement of Activities
Total expenses....................................................................... Program revenues: Charges for services......................................................... [1] Operating grants and contributions: State aid - program........................................................ Other operating grants and contributions..................... Capital grants and contributions: State capital aid............................................................. Other capital grants and contributions.......................... Net program (expense) revenue............................................ Non-tax general revenues: State aid - general.............................................................. Miscellaneous..................................................................... Total non-tax general revenues....................................... Contributions to endow ments................................................ Change in net position............................................................ Net position — July 1, as restated ........................................ Net position — June 30..........................................................
University of North Carolina Community System Colleges $ 10,974,386 $ 2,184,933
State Health Plan $ 3,051,518
Other Component Units $ 855,310
Total $ 17,066,147
7,370,709
307,812
2,982,001
463,498
11,124,020
— 1,509,483
— 876,847
— 73,246
236,123 155,805
236,123 2,615,381
29,301 66,252 (1,998,641)
47,994 168,016 (784,264)
— — 3,729
74 3,818 4,008
952,664 5 952,669 8,010 176,415 2,970,252
— — — — 3,729 736,721
51,207 1,644 52,851 — 56,859 2,735,099
3,621,540 2,450 3,623,990 92,877 941,699 21,886,312
3,146,667
$ 740,450
$ 2,791,958
$ 22,828,011
2,617,669 801 2,618,470 84,867 704,696 15,444,240 $ 16,148,936
$
77,369 238,086 (2,775,168)
[1] The State Health Plan’s charges for services include $1.21 billion from the primary government.
Significant Transactions Between Component Units
State Health Plan - premium revenue (expense)....................
University of North Carolina System (296,955)
State Health Plan 380,977
Community Colleges (81,920)
Other Component Units (2,102)
Total —
Intra-Entity Balances — Between Primary Government and Component Units Due From /Restricted Due From Com ponent Units
General Fund
Other Funds
Total
Due To Com ponent Units: General Fund...................................... Other Governmental Funds................ Due To Prim ary Governm ent: University of North Carolina System.. Community Colleges........................... State Health Plan ............................... Other Component Units......................
$
8 — — —
$
470 24 7 20
$
478 24 7 20
Total.................................................... $
8
$
521
$
529
173
Due From /Restricted Due From Prim ary Governm ent University of North Other Carolina Community Component System Colleges Units Total
$ 148,057 339
$
— 15,728
$
82,100 —
$ 230,157 16,067
$ 148,396
$ 15,728
$
82,100
$ 246,224
