State of North Carolina STATEMENT OF NET POSITION 48
State of North Carolina STATEMENT OF NET POSITION June 30, 2016 (Dollars in Thousands)
Primary Government Assets Cash and cash equivalents (Note 3)...................................... Investments (Note 3)............................................................. Securities lending collateral (Note 3)....................................... Receivables, net (Note 4)....................................................... Due from component units (Note 18)...................................... Due from primary government (Note 18)................................. Internal balances.................................................................... Inventories.............................................................................. Prepaid items.......................................................................... Advances to component units ................................................ Notes receivable, net (Note 4)................................................ Investment in joint venture...................................................... Equity interest in component unit............................................ Securities held in trust............................................................ Net pension asset (Note 12)................................................... Restricted/designated cash and cash equivalents (Note 3)..... Restricted investments (Note 3).............................................. Restricted due from primary government (Note 18)................ Capital assets-nondepreciable (Note 5).................................. Capital assets-depreciable, net (Note 5).................................
Governmental Activities
Business-type Activities
$
$
6,692,840 286,735 497,473 3,348,106 383 — 86,841 187,456 4,404 3,645 69,728 — 148,751 44,449 4,504 460,084 521,243 — 19,852,498 27,540,749
2,245,312 399,296 67,517 524,234 — — (86,841) 1,402 13,078 — 1,154,964 — — — — 6,155 717,196 — 681,393 819,085
Total $
8,938,152 686,031 564,990 3,872,340 383 — — 188,858 17,482 3,645 1,224,692 — 148,751 44,449 4,504 466,239 1,238,439 — 20,533,891 28,359,834
Component Units $
3,218,771 3,386,750 — 1,498,306 8,773 38,812 — 149,454 65,995 — 2,882,872 134,499 — — — 2,525,801 6,474,175 14,430 1,652,653 14,903,397
Total Assets ...........................................................................
59,749,889
6,542,791
66,292,680
36,954,688
Deferred Outflows of Resources Accumulated decrease in fair value of hedging derivatives..... Deferred loss on refunding...................................................... Forward funded state aid........................................................ Deferred outflows for pensions (Note 12)................................ Other deferred outflows.......................................................... Total Deferred Outflows of Resources....................................
— 112,080 120,448 362,238 — 594,766
— — — 4,597 — 4,597
— 112,080 120,448 366,835 — 599,363
189,056 59,084 — 333,479 7,200 588,819
1,604,513 949,075 — 995,363 497,473 44,661 — 53,242 — 434,143 — — 2,723 82,916 —
177,012 — 5,787 — 67,517 117,815 — — — 36,917 — — 2,793 — —
1,781,525 949,075 5,787 995,363 564,990 162,476 — 53,242 — 471,060 — — 5,516 82,916 —
1,112,652 264,636 — — — 60,958 73,100 8,773 383 356,808 3,645 15,255 16,910 2,721,845 189,056
676,335 7,892,034
19,549 1,630,419
695,884 9,522,453
619,265 8,447,561
Total Liabilities........................................................................
13,232,478
2,057,809
15,290,287
13,890,847
Deferred Inflows of Resources Deferred state aid................................................................... Deferred inflows for pensions (Note 12).................................. Other deferred inflows............................................................. Total Deferred Inflows of Resources.......................................
— 223,791 — 223,791
— 3,103 — 3,103
— 226,894 — 226,894
125,968 194,669 1,146 321,783
Liabilities Accounts payable and accrued liabilities................................. Medical claims payable........................................................... Unemployment benefits payable............................................. Tax refunds payable............................................................... Obligations under securities lending....................................... Interest payable...................................................................... Short-term debt (Note 6)......................................................... Due to component units (Note 18).......................................... Due to primary government (Note 18)..................................... Unearned revenue.................................................................. Advance from primary government ........................................ Obligations under reverse repurchase agreements................. Deposits payable.................................................................... Funds held for others.............................................................. Hedging derivatives liability (Note 7)....................................... Long-term liabilities (Note 8): Due within one year............................................................. Due in more than one year...................................................
48
State of North Carolina STATEMENT OF NET POSITION Exhibit A-1
June 30, 2016 (Dollars in Thousands)
Primary Government Governmental Activities Net Position Net investment in capital assets............................................. Restricted for: Nonexpendable: Environment and natural resources.................................. Higher education............................................................... Health and human services.............................................. Expendable: Primary and secondary education..................................... Higher education............................................................... Higher education student aid............................................ Health and human services.............................................. Economic development.................................................... Environment and natural resources.................................. Public safety, corrections, and regulation.......................... Transportation................................................................... Debt service...................................................................... Capital projects/repairs and renovations........................... Other purposes................................................................. Unrestricted............................................................................ Total Net Position...................................................................
$
Business-type Activities
Total
Component Units
45,300,168
652,725
45,952,893
11,539,511
109,495 507 —
— — —
109,495 507 —
— 2,488,611 404
1,842 4,774 587,578 100,612 25,298 51,195 54,633 3,477 82,428 7,996 9,231 549,152 46,888,386
— — — — — — — — 4,267 — 2,776 3,826,708 4,486,476
1,842 4,774 587,578 100,612 25,298 51,195 54,633 3,477 86,695 7,996 12,007 4,375,860 51,374,862
— 3,547,920 — 283,230 793,604 — — — — — — 4,677,597 23,330,877
$
The accompanying Notes to the Financial Statements are an integral part of this statement.
49
$
$
Primary Government Assets Cash and cash equivalents (Note 3)...................................... Investments (Note 3)............................................................. Securities lending collateral (Note 3)....................................... Receivables, net (Note 4)....................................................... Due from component units (Note 18)...................................... Due from primary government (Note 18)................................. Internal balances.................................................................... Inventories.............................................................................. Prepaid items.......................................................................... Advances to component units ................................................ Notes receivable, net (Note 4)................................................ Investment in joint venture...................................................... Equity interest in component unit............................................ Securities held in trust............................................................ Net pension asset (Note 12)................................................... Restricted/designated cash and cash equivalents (Note 3)..... Restricted investments (Note 3).............................................. Restricted due from primary government (Note 18)................ Capital assets-nondepreciable (Note 5).................................. Capital assets-depreciable, net (Note 5).................................
Governmental Activities
Business-type Activities
$
$
6,692,840 286,735 497,473 3,348,106 383 — 86,841 187,456 4,404 3,645 69,728 — 148,751 44,449 4,504 460,084 521,243 — 19,852,498 27,540,749
2,245,312 399,296 67,517 524,234 — — (86,841) 1,402 13,078 — 1,154,964 — — — — 6,155 717,196 — 681,393 819,085
Total $
8,938,152 686,031 564,990 3,872,340 383 — — 188,858 17,482 3,645 1,224,692 — 148,751 44,449 4,504 466,239 1,238,439 — 20,533,891 28,359,834
Component Units $
3,218,771 3,386,750 — 1,498,306 8,773 38,812 — 149,454 65,995 — 2,882,872 134,499 — — — 2,525,801 6,474,175 14,430 1,652,653 14,903,397
Total Assets ...........................................................................
59,749,889
6,542,791
66,292,680
36,954,688
Deferred Outflows of Resources Accumulated decrease in fair value of hedging derivatives..... Deferred loss on refunding...................................................... Forward funded state aid........................................................ Deferred outflows for pensions (Note 12)................................ Other deferred outflows.......................................................... Total Deferred Outflows of Resources....................................
— 112,080 120,448 362,238 — 594,766
— — — 4,597 — 4,597
— 112,080 120,448 366,835 — 599,363
189,056 59,084 — 333,479 7,200 588,819
1,604,513 949,075 — 995,363 497,473 44,661 — 53,242 — 434,143 — — 2,723 82,916 —
177,012 — 5,787 — 67,517 117,815 — — — 36,917 — — 2,793 — —
1,781,525 949,075 5,787 995,363 564,990 162,476 — 53,242 — 471,060 — — 5,516 82,916 —
1,112,652 264,636 — — — 60,958 73,100 8,773 383 356,808 3,645 15,255 16,910 2,721,845 189,056
676,335 7,892,034
19,549 1,630,419
695,884 9,522,453
619,265 8,447,561
Total Liabilities........................................................................
13,232,478
2,057,809
15,290,287
13,890,847
Deferred Inflows of Resources Deferred state aid................................................................... Deferred inflows for pensions (Note 12).................................. Other deferred inflows............................................................. Total Deferred Inflows of Resources.......................................
— 223,791 — 223,791
— 3,103 — 3,103
— 226,894 — 226,894
125,968 194,669 1,146 321,783
Liabilities Accounts payable and accrued liabilities................................. Medical claims payable........................................................... Unemployment benefits payable............................................. Tax refunds payable............................................................... Obligations under securities lending....................................... Interest payable...................................................................... Short-term debt (Note 6)......................................................... Due to component units (Note 18).......................................... Due to primary government (Note 18)..................................... Unearned revenue.................................................................. Advance from primary government ........................................ Obligations under reverse repurchase agreements................. Deposits payable.................................................................... Funds held for others.............................................................. Hedging derivatives liability (Note 7)....................................... Long-term liabilities (Note 8): Due within one year............................................................. Due in more than one year...................................................
48
State of North Carolina STATEMENT OF NET POSITION Exhibit A-1
June 30, 2016 (Dollars in Thousands)
Primary Government Governmental Activities Net Position Net investment in capital assets............................................. Restricted for: Nonexpendable: Environment and natural resources.................................. Higher education............................................................... Health and human services.............................................. Expendable: Primary and secondary education..................................... Higher education............................................................... Higher education student aid............................................ Health and human services.............................................. Economic development.................................................... Environment and natural resources.................................. Public safety, corrections, and regulation.......................... Transportation................................................................... Debt service...................................................................... Capital projects/repairs and renovations........................... Other purposes................................................................. Unrestricted............................................................................ Total Net Position...................................................................
$
Business-type Activities
Total
Component Units
45,300,168
652,725
45,952,893
11,539,511
109,495 507 —
— — —
109,495 507 —
— 2,488,611 404
1,842 4,774 587,578 100,612 25,298 51,195 54,633 3,477 82,428 7,996 9,231 549,152 46,888,386
— — — — — — — — 4,267 — 2,776 3,826,708 4,486,476
1,842 4,774 587,578 100,612 25,298 51,195 54,633 3,477 86,695 7,996 12,007 4,375,860 51,374,862
— 3,547,920 — 283,230 793,604 — — — — — — 4,677,597 23,330,877
$
The accompanying Notes to the Financial Statements are an integral part of this statement.
49
$
$
