State of North Carolina STATEMENT OF NET POSITION ...
State of North Carolina STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2016 (Dollars in Thousands)
Unemployment Compensation Fund
EPA Revolving Loan Fund
$
$
Business-type Activities — Enterprise Funds N.C. State N.C. Turnpike Lottery Fund Authority
Assets Current Assets Cash and cash equivalents (Note 3)..................................... Investments (Note 3)............................................................ Securities lending collateral (Note 3).................................... Receivables: (Note 4) Accounts receivable, net................................................... Intergovernmental receivable............................................ Interest receivable............................................................. Premiums receivable......................................................... Contributions receivable, net............................................. Notes receivable................................................................... Due from other funds (Note 10)............................................ Due from component units (Note 18).................................... Inventories............................................................................ Prepaid items....................................................................... Restricted cash and cash equivalents (Note 3)..................... Total current assets........................................................ Noncurrent Assets Investments (Note 3)............................................................ Receivables: (Note 4) Contributions receivable, net............................................. Notes receivable................................................................... Prepaid items....................................................................... Restricted/designated cash and cash equivalents (Note 3).................................................. Restricted investments (Note 3)........................................... Capital assets-nondepreciable (Note 5)................................ Capital assets-depreciable, net (Note 5) .............................. Total noncurrent assets.................................................. Total Assets...................................................................
1,804,453 — 2,833
240,457 205,892 29,464
$
96,860 5,316 5,363
$
— — 18,201
112,139 487 10,106 — 344,439 — 19,162 — — — — 2,293,619
— 171 2,893 — — 86,892 — — — — — 565,769
20,261 — 87 — — — — — — 513 — 128,400
16,104 547 — — — — 36 — 834 299 — 36,021
—
—
58,536
—
8,322 — —
— 1,067,887 —
— — 142
— — 8,882
— — — — 8,322 2,301,941
— — — 88 1,067,975 1,633,744
— — — 1,546 60,224 188,624
4,267 717,196 669,851 746,316 2,146,512 2,182,533
429
1,327
81
16 — 126 — — 29,464 — — 32 — — — — — — 57 29,695
45,350 358 — — — 5,363 — — 67,738 — — 5,316 — — — 147 124,272
32,936 — 431 — — 18,201 38,700 5,192 12,015 33 2,773 — — — 11,960 6 122,247
Deferred Outflows of Resources Deferred outflows for pensions.............................................
—
Liabilities Current Liabilities Accounts payable and accrued liabilities: Accounts payable.............................................................. Accrued payroll.................................................................. Intergovernmental payable................................................ Claims payable.................................................................. Unemployment benefits payable.......................................... Obligations under securities lending..................................... Interest payable.................................................................... Due to fiduciary funds (Note 10)........................................... Due to other funds (Note 10)................................................ Unearned revenue................................................................ Deposits payable.................................................................. Annuity and life income payable (Note 8)............................. Notes payable (Note 8)......................................................... Capital leases payable (Note 8)............................................ Bonds payable (Note 8)........................................................ Compensated absences (Note 8)......................................... Total current liabilities.....................................................
24,171 — 31,437 — 5,787 2,833 — — — 1,585 — — — — — — 65,813
58
State of North Carolina
Exhibit B-3
Other Enterprise Funds
$
103,542 117,299 11,656
Governmental Activities — Internal Service Funds
Total Enterprise Funds
$
2,245,312 . 328,507 67,517
$
118,411 33,453 4,374
2,567 1,900 317 3,894 — 1 — — 568 3,203 1,888 246,835
151,071 3,105 13,403 3,894 344,439 86,893 19,198 — 1,402 4,015 1,888 3,270,644
27,496 — 20 665 — — 14,800 375 197 4,404 — 204,195
12,253
70,789
—
— 184 39
8,322 1,068,071 9,063
— — —
— — 11,542 71,135 95,153 341,988
4,267 717,196 681,393 819,085 3,378,186 6,648,830
— — 3,396 109,526 112,922 317,117
2,760
4,597
4,846
5,482 168 3 31,095 — 11,656 — — 136 35,299 20 — 1,048 — — 1,015 85,922
107,955 526 31,997 31,095 5,787 67,517 38,700 5,192 79,921 36,917 2,793 5,316 1,048 — 11,960 1,225 427,949
11,351 2,165 — 793 — 4,374 — — 218 7,588 — — — 46 — 478 27,013
Continued
59
State of North Carolina STATEMENT OF NET POSITION PROPRIETARY FUNDS (Continued) June 30, 2016 (Dollars in Thousands)
Unemployment Compensation Fund Noncurrent Liabilities Accounts payable................................................................. Interest payable.................................................................... Advances from other funds (Note 10)................................... Annuity and life income payable (Note 8)............................. Notes payable (Note 8)......................................................... Capital leases payable (Note 8)............................................ Bonds payable, net (Note 8)................................................. Compensated absences (Note 8)......................................... Net pension liability (Note 8)................................................. Total noncurrent liabilities............................................... Total Liabilities...............................................................
EPA Revolving Loan Fund
— — — — — — — — — — 65,813
Deferred Inflows of Resources Deferred inflows for pensions...............................................
Business-type Activities — Enterprise Funds N.C. State N.C. Turnpike Lottery Fund Authority
— — — — — — — 657 1,045 1,702 31,397
— — — 58,536 — — — 2,035 4,133 64,704 188,976
— 79,115 26,118 — 372,877 — 1,164,168 75 225 1,642,578 1,764,825
—
274
975
52
—
88
1,546
584,359
— — — 1,602,414 1,602,502
— — — (1,546) —
4,267 — — (170,889) 417,737
Net Position Net investment in capital assets.............................................. Restricted for: Debt service......................................................................... Capital outlay........................................................................ Other purposes..................................................................... Unrestricted............................................................................. Total Net Position...........................................................
$
— — — 2,236,128 2,236,128
$
The accompanying Notes to the Financial Statements are an integral part of this statement.
60
$
$
State of North Carolina
Exhibit B-3
Other Enterprise Funds
$
Governmental Activities — Internal Service Funds
Total Enterprise Funds
247 — — — 14,902 — — 5,127 6,639 26,915 112,837
247 79,115 26,118 58,536 387,779 — 1,164,168 7,894 12,042 1,735,899 2,163,848
— — — — — 138 — 5,347 9,310 14,795 41,808
1,802
3,103
2,250
66,732
652,725
112,738
— 309 2,467 160,601 230,109
4,267 309 2,467 3,826,708 4,486,476
— — — 165,167 277,905
$
$
61
State of North Carolina STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS For the Fiscal Year Ended June 30, 2016 (Dollars in Thousands)
Unemployment Compensation Fund Operating Revenues Employer unemployment contributions................ Federal funds....................................................... Sales and services............................................... Student tuition and fees, net................................ Interest earnings on loans.................................... Rental and lease earnings................................... Fees, licenses, and fines..................................... Toll revenues....................................................... Insurance premiums............................................ Miscellaneous...................................................... Total operating revenues...............................
$
Operating Expenses Personal services................................................ Supplies and materials......................................... Services............................................................... Cost of goods sold............................................... Depreciation......................................................... Lottery prizes....................................................... Claims................................................................. Unemployment benefits....................................... Insurance and bonding......................................... Other.................................................................... Total operating expenses............................... Operating income (loss).................................
EPA Revolving Loan Fund
1,303,619 6,288 — — — — — — — — 1,309,907
$
— — 3,944 — 17,963 — — — — 1 21,908
Business-type Activities — Enterprise Funds N.C. State N.C. Lottery Turnpike Fund Authority $
— — 2,383,616 — — — 5,257 — — 104 2,388,977
$
— — 599 — — 7 4,520 33,999 — 22 39,147
— — — — — — — 255,789 — — 255,789 1,054,118
5,946 99 1,327 — 38 — — — 15 438 7,863 14,045
19,739 1,648 236,201 — 670 1,491,031 — — 13 3,499 1,752,801 636,176
1,413 11,950 3,122 856 16,130 — — — 386 1,129 34,986 4,161
Noncapital grants................................................. Noncapital gifts, net............................................. Investment earnings............................................. Interest and fees.................................................. Insurance recoveries............................................ Grants, aid and subsidies.................................... Gain (loss) on sale of equipment......................... Federal interest subsidy on debt.......................... Miscellaneous...................................................... Total nonoperating revenues (expenses).......
7,660 — 30,728 — — — — — 4,877 43,265
75,375 — 11,674 — — (11,102) — — (82) 75,865
— — 1,190 — — — — — 2 1,192
— — 2,836 (52,386) 11 — — 11,387 (95) (38,247)
Income (loss) before contributions and transfers........................................... Capital contributions............................................... Transfers in (Note 10)............................................. Transfers out (Note 10)........................................... Change in net position................................... Net position — July 1, as restated (Note 22)........... Net position — June 30...........................................
1,097,383 — 1,357 — 1,098,740 1,137,388 2,236,128
89,910 — 13,326 (855) 102,381 1,500,121 1,602,502
637,368 — — (637,368) — — —
(34,086) 14,807 101,056 — 81,777 335,960 417,737
Nonoperating Revenues (Expenses)
$
$
$
The accompanying Notes to the Financial Statements are an integral part of this statement.
62
$
State of North Carolina
Exhibit B-4
Other Enterprise Funds $
$
Governmental Activities — Internal Service Funds
Total Enterprise Funds
— — 1,536 17 — 8,231 120,377 — 18,632 853 149,646
$ 1,303,619 6,288 2,389,695 17 17,963 8,238 130,154 33,999 18,632 980 3,909,585
73,783 3,308 34,590 365 4,175 — 8,480 — 4,172 6,469 135,342 14,304
100,881 17,005 275,240 1,221 21,013 1,491,031 8,480 255,789 4,586 11,535 2,186,781 1,722,804
127,687 16,844 74,297 440 20,936 — 264 — 18,499 46,404 305,371 34,246
781 1,769 8,045 (562) 3 — (93) — (294) 9,649
83,816 1,769 54,473 (52,948) 14 (11,102) (93) 11,387 4,408 91,724
40 — 2,769 (2) 134 — 1,857 — 3,065 7,863
23,953 125 6,622 (2,599) 28,101 202,008 230,109
1,814,528 14,932 122,361 (640,822) 1,310,999 3,175,477 $ 4,486,476
42,109 359 6,568 (8,303) 40,733 237,172 277,905
$
$
— — 314,950 — — 48 1,186 — 22,786 647 339,617
63
State of North Carolina STATEMENT OF CASH FLOWS PROPRIETARY FUNDS For the Fiscal Year Ended June 30, 2016 (Dollars in Thousands)
Unemployment Compensation Fund Cash Flows From Operating Activities Receipts from customers.............................................................. Receipts from federal agencies.................................................... Receipts from other funds............................................................ Payments to suppliers.................................................................. Payments to employees............................................................... Payments for prizes, benefits, and claims.................................... Payments to other funds.............................................................. Other receipts.............................................................................. Other payments............................................................................
$
Net cash provided by (used for) operating activities...............
1,415,414 10,718 — — — (265,297) — 4,939 (39)
Business-type Activities — Enterprise Funds EPA N.C. State N.C. Revolving Loan Lottery Turnpike Fund Fund Authority $
3,945 — — (1,346) (6,223) — — — (327)
$
2,210,932 — — (72,879) (20,181) (1,496,020) — 38 —
$
36,333 — — (5,703) (1,464) — — — (1,239)
1,165,735
(3,951)
621,890
27,927
7,660 — — 1,357 — — —
75,232 (11,102) — 13,326 (855) — —
— — — — (574,759) — —
— — 831 — — — —
9,017
76,601
(574,759)
831
— — — — — — — — —
— — — — — — — — —
(385) — — — — — — — —
(184,728) — 101,056 14,631 — (8,200) (78,417) 11,387 11
—
—
(385)
(144,260)
— — — — — — 1,109
7,302,367 (7,194,451) — — — — 3,769
Cash Flows From Noncapital Financing Activities Grant receipts ............................................................................. Grants, aid, and subsidies............................................................ Advances from other funds.......................................................... Transfers from other funds........................................................... Transfers to other funds............................................................... Gifts............................................................................................. Insurance recoveries.................................................................... Net cash provided by (used for) noncapital financing activities................................................. Cash Flows From Capital and Related Financing Activities Acquisition and construction of capital assets.............................. Proceeds from the sale of capital assets...................................... Transfers from other funds........................................................... Capital grants............................................................................... Capital contributions..................................................................... Principal paid on capital debt........................................................ Interest paid on capital debt......................................................... Federal subsidy for interest on debt............................................. Insurance recoveries.................................................................... Net cash provided by (used for) capital and related financing activities.................................... Cash Flows From Investing Activities Proceeds from the sale/maturities of non-State Treasurer investments............................................. Purchase of non-State Treasurer investments............................. Purchase into State Treasurer investment pool............................ Loan issuances............................................................................ Loan repayments — interest........................................................ Loan repayments — principal....................................................... Investment earnings..................................................................... Net cash provided by (used for) investment activities..............................................................
— — — — — — 20,599
— (10,164) — (165,070) 18,934 91,200 11,538
20,599
(53,562)
1,109
111,685
Net increase (decrease) in cash and cash equivalents................. Cash and cash equivalents at July 1, as restated.........................
1,195,351 609,102
19,088 221,369
47,855 49,005
(3,817) 8,084
Cash and cash equivalents at June 30.........................................
$
1,804,453
$
240,457
The accompanying Notes to the Financial Statements are an integral part of this statement.
64
$
96,860
$
4,267
State of North Carolina
Exhibit B-5
Other Enterprise Funds $
$
150,102 — — (32,091) (72,700) (13,393) — 903 (18,658)
Total Enterprise Funds $
3,816,726 10,718 — (112,019) (100,568) (1,774,710) — 5,880 (20,263)
Governmental Activities — Internal Service Funds $
38,764 — 290,878 (138,757) (129,785) (607) (14,160) 2,063 (166)
14,163
1,825,764
48,230
665 — — 6,622 (2,598) 1,856 2
83,557 (11,102) 831 21,305 (578,212) 1,856 2
40 — — 6,568 (8,303) — —
6,547
(481,763)
(1,695)
(1,114) 17 — — 125 (1,999) (562) — 1
(186,227) 17 101,056 14,631 125 (10,199) (78,979) 11,387 12
(23,220) 2,498 — — — (212) (2) — 134
(3,532)
(148,177)
(20,802)
13,082 (14,014) (6,000) — — — 705
7,315,449 (7,218,629) (6,000) (165,070) 18,934 91,200 37,720
— — — — — — 252
(6,227)
73,604
252
10,951 94,479
1,269,428 982,039
25,985 92,426
105,430
$
2,251,467
$
118,411
Continued
65
State of North Carolina STATEMENT OF CASH FLOWS PROPRIETARY FUNDS (Continued) For the Fiscal Year Ended June 30, 2016 (Dollars in Thousands)
Unemployment Compensation Fund Reconciliation of Operating Income to Net Cash Provided By Operating Activities Operating income (loss)............................................................... Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation........................................................................... Pension expense.................................................................... Interest earnings on loans classified as investing activity....... Nonoperating miscellaneous income (expense)..................... Change in assets and deferred outflows: Receivables........................................................................... Due from other funds............................................................. Due from component units..................................................... Inventories............................................................................. Prepaid items......................................................................... Deferred outflows for pensions............................................... Change in liabilities: Accounts payable and accrued liabilities................................ Due to other funds.................................................................. Due to fiduciary funds............................................................. Compensated absences......................................................... Unearned revenue................................................................. Deposits payable.................................................................... Net cash provided by (used for) operations.............................................................. Noncash Investing, Capital, and Financing Activities Noncash distributions from the State Treasurer Long-Term Investment Portfolio and/or other agents................ Donated or transferred assets ..................................................... Change in construction in progress as a result of accrual of accounts payable................................................................. Capital asset writeoff.................................................................... Change in fair value of investments............................................. Increase in receivables related to nonoperating income............... Change in securities lending collateral.........................................
$
1,054,117
Business-type Activities — Enterprise Funds EPA N.C. State N.C. Revolving Loan Lottery Turnpike Fund Fund Authority
$
14,045
$
636,176
$
4,162
— — — 4,900
38 90 (17,963) 62
671 436 — 44
16,130 24 — (132)
113,241 876 — — — —
— — — — — (429)
(11,608) — — — 651 (1,190)
(2,867) 19 — 569 86 (74)
(8,142) (256) — — 999 —
136 9 — 61 — —
(3,711) — — 421 — —
(2,482) 11,239 465 — 33 755
$
1,165,735
$
$
— —
$
— — — — (6,318)
66
(3,951)
— — — — — — (4,578)
$
621,890
$
27,927
$
— —
$
— —
— — — — 313
30,010 — 1,298 — (13,389)
State of North Carolina
Exhibit B-5
Other Enterprise Funds
$
14,302
Total Enterprise Funds
$
1,722,802
Governmental Activities — Internal Service Funds
$
34,246
4,176 613 — 892
21,015 1,163 (17,963) 5,766
20,936 1,197 — 1,869
(2,723) — — 2 735 (2,602)
96,043 895 — 571 1,472 (4,295)
(8,178) (1,328) 146 (28) 1,623 (3,589)
(4,695) — — (87) 3,551 (1)
(18,894) 10,992 465 395 4,583 754
2,508 (255) — (501) (416) —
$
14,163
$
1,825,764
$
48,230
$
481 —
$
481 —
$
1,226 359
— (318) 525 28 (1,229)
30,010 (318) 1,823 28 (25,201)
— — 1,269 — (696)
67
Unemployment Compensation Fund
EPA Revolving Loan Fund
$
$
Business-type Activities — Enterprise Funds N.C. State N.C. Turnpike Lottery Fund Authority
Assets Current Assets Cash and cash equivalents (Note 3)..................................... Investments (Note 3)............................................................ Securities lending collateral (Note 3).................................... Receivables: (Note 4) Accounts receivable, net................................................... Intergovernmental receivable............................................ Interest receivable............................................................. Premiums receivable......................................................... Contributions receivable, net............................................. Notes receivable................................................................... Due from other funds (Note 10)............................................ Due from component units (Note 18).................................... Inventories............................................................................ Prepaid items....................................................................... Restricted cash and cash equivalents (Note 3)..................... Total current assets........................................................ Noncurrent Assets Investments (Note 3)............................................................ Receivables: (Note 4) Contributions receivable, net............................................. Notes receivable................................................................... Prepaid items....................................................................... Restricted/designated cash and cash equivalents (Note 3).................................................. Restricted investments (Note 3)........................................... Capital assets-nondepreciable (Note 5)................................ Capital assets-depreciable, net (Note 5) .............................. Total noncurrent assets.................................................. Total Assets...................................................................
1,804,453 — 2,833
240,457 205,892 29,464
$
96,860 5,316 5,363
$
— — 18,201
112,139 487 10,106 — 344,439 — 19,162 — — — — 2,293,619
— 171 2,893 — — 86,892 — — — — — 565,769
20,261 — 87 — — — — — — 513 — 128,400
16,104 547 — — — — 36 — 834 299 — 36,021
—
—
58,536
—
8,322 — —
— 1,067,887 —
— — 142
— — 8,882
— — — — 8,322 2,301,941
— — — 88 1,067,975 1,633,744
— — — 1,546 60,224 188,624
4,267 717,196 669,851 746,316 2,146,512 2,182,533
429
1,327
81
16 — 126 — — 29,464 — — 32 — — — — — — 57 29,695
45,350 358 — — — 5,363 — — 67,738 — — 5,316 — — — 147 124,272
32,936 — 431 — — 18,201 38,700 5,192 12,015 33 2,773 — — — 11,960 6 122,247
Deferred Outflows of Resources Deferred outflows for pensions.............................................
—
Liabilities Current Liabilities Accounts payable and accrued liabilities: Accounts payable.............................................................. Accrued payroll.................................................................. Intergovernmental payable................................................ Claims payable.................................................................. Unemployment benefits payable.......................................... Obligations under securities lending..................................... Interest payable.................................................................... Due to fiduciary funds (Note 10)........................................... Due to other funds (Note 10)................................................ Unearned revenue................................................................ Deposits payable.................................................................. Annuity and life income payable (Note 8)............................. Notes payable (Note 8)......................................................... Capital leases payable (Note 8)............................................ Bonds payable (Note 8)........................................................ Compensated absences (Note 8)......................................... Total current liabilities.....................................................
24,171 — 31,437 — 5,787 2,833 — — — 1,585 — — — — — — 65,813
58
State of North Carolina
Exhibit B-3
Other Enterprise Funds
$
103,542 117,299 11,656
Governmental Activities — Internal Service Funds
Total Enterprise Funds
$
2,245,312 . 328,507 67,517
$
118,411 33,453 4,374
2,567 1,900 317 3,894 — 1 — — 568 3,203 1,888 246,835
151,071 3,105 13,403 3,894 344,439 86,893 19,198 — 1,402 4,015 1,888 3,270,644
27,496 — 20 665 — — 14,800 375 197 4,404 — 204,195
12,253
70,789
—
— 184 39
8,322 1,068,071 9,063
— — —
— — 11,542 71,135 95,153 341,988
4,267 717,196 681,393 819,085 3,378,186 6,648,830
— — 3,396 109,526 112,922 317,117
2,760
4,597
4,846
5,482 168 3 31,095 — 11,656 — — 136 35,299 20 — 1,048 — — 1,015 85,922
107,955 526 31,997 31,095 5,787 67,517 38,700 5,192 79,921 36,917 2,793 5,316 1,048 — 11,960 1,225 427,949
11,351 2,165 — 793 — 4,374 — — 218 7,588 — — — 46 — 478 27,013
Continued
59
State of North Carolina STATEMENT OF NET POSITION PROPRIETARY FUNDS (Continued) June 30, 2016 (Dollars in Thousands)
Unemployment Compensation Fund Noncurrent Liabilities Accounts payable................................................................. Interest payable.................................................................... Advances from other funds (Note 10)................................... Annuity and life income payable (Note 8)............................. Notes payable (Note 8)......................................................... Capital leases payable (Note 8)............................................ Bonds payable, net (Note 8)................................................. Compensated absences (Note 8)......................................... Net pension liability (Note 8)................................................. Total noncurrent liabilities............................................... Total Liabilities...............................................................
EPA Revolving Loan Fund
— — — — — — — — — — 65,813
Deferred Inflows of Resources Deferred inflows for pensions...............................................
Business-type Activities — Enterprise Funds N.C. State N.C. Turnpike Lottery Fund Authority
— — — — — — — 657 1,045 1,702 31,397
— — — 58,536 — — — 2,035 4,133 64,704 188,976
— 79,115 26,118 — 372,877 — 1,164,168 75 225 1,642,578 1,764,825
—
274
975
52
—
88
1,546
584,359
— — — 1,602,414 1,602,502
— — — (1,546) —
4,267 — — (170,889) 417,737
Net Position Net investment in capital assets.............................................. Restricted for: Debt service......................................................................... Capital outlay........................................................................ Other purposes..................................................................... Unrestricted............................................................................. Total Net Position...........................................................
$
— — — 2,236,128 2,236,128
$
The accompanying Notes to the Financial Statements are an integral part of this statement.
60
$
$
State of North Carolina
Exhibit B-3
Other Enterprise Funds
$
Governmental Activities — Internal Service Funds
Total Enterprise Funds
247 — — — 14,902 — — 5,127 6,639 26,915 112,837
247 79,115 26,118 58,536 387,779 — 1,164,168 7,894 12,042 1,735,899 2,163,848
— — — — — 138 — 5,347 9,310 14,795 41,808
1,802
3,103
2,250
66,732
652,725
112,738
— 309 2,467 160,601 230,109
4,267 309 2,467 3,826,708 4,486,476
— — — 165,167 277,905
$
$
61
State of North Carolina STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS For the Fiscal Year Ended June 30, 2016 (Dollars in Thousands)
Unemployment Compensation Fund Operating Revenues Employer unemployment contributions................ Federal funds....................................................... Sales and services............................................... Student tuition and fees, net................................ Interest earnings on loans.................................... Rental and lease earnings................................... Fees, licenses, and fines..................................... Toll revenues....................................................... Insurance premiums............................................ Miscellaneous...................................................... Total operating revenues...............................
$
Operating Expenses Personal services................................................ Supplies and materials......................................... Services............................................................... Cost of goods sold............................................... Depreciation......................................................... Lottery prizes....................................................... Claims................................................................. Unemployment benefits....................................... Insurance and bonding......................................... Other.................................................................... Total operating expenses............................... Operating income (loss).................................
EPA Revolving Loan Fund
1,303,619 6,288 — — — — — — — — 1,309,907
$
— — 3,944 — 17,963 — — — — 1 21,908
Business-type Activities — Enterprise Funds N.C. State N.C. Lottery Turnpike Fund Authority $
— — 2,383,616 — — — 5,257 — — 104 2,388,977
$
— — 599 — — 7 4,520 33,999 — 22 39,147
— — — — — — — 255,789 — — 255,789 1,054,118
5,946 99 1,327 — 38 — — — 15 438 7,863 14,045
19,739 1,648 236,201 — 670 1,491,031 — — 13 3,499 1,752,801 636,176
1,413 11,950 3,122 856 16,130 — — — 386 1,129 34,986 4,161
Noncapital grants................................................. Noncapital gifts, net............................................. Investment earnings............................................. Interest and fees.................................................. Insurance recoveries............................................ Grants, aid and subsidies.................................... Gain (loss) on sale of equipment......................... Federal interest subsidy on debt.......................... Miscellaneous...................................................... Total nonoperating revenues (expenses).......
7,660 — 30,728 — — — — — 4,877 43,265
75,375 — 11,674 — — (11,102) — — (82) 75,865
— — 1,190 — — — — — 2 1,192
— — 2,836 (52,386) 11 — — 11,387 (95) (38,247)
Income (loss) before contributions and transfers........................................... Capital contributions............................................... Transfers in (Note 10)............................................. Transfers out (Note 10)........................................... Change in net position................................... Net position — July 1, as restated (Note 22)........... Net position — June 30...........................................
1,097,383 — 1,357 — 1,098,740 1,137,388 2,236,128
89,910 — 13,326 (855) 102,381 1,500,121 1,602,502
637,368 — — (637,368) — — —
(34,086) 14,807 101,056 — 81,777 335,960 417,737
Nonoperating Revenues (Expenses)
$
$
$
The accompanying Notes to the Financial Statements are an integral part of this statement.
62
$
State of North Carolina
Exhibit B-4
Other Enterprise Funds $
$
Governmental Activities — Internal Service Funds
Total Enterprise Funds
— — 1,536 17 — 8,231 120,377 — 18,632 853 149,646
$ 1,303,619 6,288 2,389,695 17 17,963 8,238 130,154 33,999 18,632 980 3,909,585
73,783 3,308 34,590 365 4,175 — 8,480 — 4,172 6,469 135,342 14,304
100,881 17,005 275,240 1,221 21,013 1,491,031 8,480 255,789 4,586 11,535 2,186,781 1,722,804
127,687 16,844 74,297 440 20,936 — 264 — 18,499 46,404 305,371 34,246
781 1,769 8,045 (562) 3 — (93) — (294) 9,649
83,816 1,769 54,473 (52,948) 14 (11,102) (93) 11,387 4,408 91,724
40 — 2,769 (2) 134 — 1,857 — 3,065 7,863
23,953 125 6,622 (2,599) 28,101 202,008 230,109
1,814,528 14,932 122,361 (640,822) 1,310,999 3,175,477 $ 4,486,476
42,109 359 6,568 (8,303) 40,733 237,172 277,905
$
$
— — 314,950 — — 48 1,186 — 22,786 647 339,617
63
State of North Carolina STATEMENT OF CASH FLOWS PROPRIETARY FUNDS For the Fiscal Year Ended June 30, 2016 (Dollars in Thousands)
Unemployment Compensation Fund Cash Flows From Operating Activities Receipts from customers.............................................................. Receipts from federal agencies.................................................... Receipts from other funds............................................................ Payments to suppliers.................................................................. Payments to employees............................................................... Payments for prizes, benefits, and claims.................................... Payments to other funds.............................................................. Other receipts.............................................................................. Other payments............................................................................
$
Net cash provided by (used for) operating activities...............
1,415,414 10,718 — — — (265,297) — 4,939 (39)
Business-type Activities — Enterprise Funds EPA N.C. State N.C. Revolving Loan Lottery Turnpike Fund Fund Authority $
3,945 — — (1,346) (6,223) — — — (327)
$
2,210,932 — — (72,879) (20,181) (1,496,020) — 38 —
$
36,333 — — (5,703) (1,464) — — — (1,239)
1,165,735
(3,951)
621,890
27,927
7,660 — — 1,357 — — —
75,232 (11,102) — 13,326 (855) — —
— — — — (574,759) — —
— — 831 — — — —
9,017
76,601
(574,759)
831
— — — — — — — — —
— — — — — — — — —
(385) — — — — — — — —
(184,728) — 101,056 14,631 — (8,200) (78,417) 11,387 11
—
—
(385)
(144,260)
— — — — — — 1,109
7,302,367 (7,194,451) — — — — 3,769
Cash Flows From Noncapital Financing Activities Grant receipts ............................................................................. Grants, aid, and subsidies............................................................ Advances from other funds.......................................................... Transfers from other funds........................................................... Transfers to other funds............................................................... Gifts............................................................................................. Insurance recoveries.................................................................... Net cash provided by (used for) noncapital financing activities................................................. Cash Flows From Capital and Related Financing Activities Acquisition and construction of capital assets.............................. Proceeds from the sale of capital assets...................................... Transfers from other funds........................................................... Capital grants............................................................................... Capital contributions..................................................................... Principal paid on capital debt........................................................ Interest paid on capital debt......................................................... Federal subsidy for interest on debt............................................. Insurance recoveries.................................................................... Net cash provided by (used for) capital and related financing activities.................................... Cash Flows From Investing Activities Proceeds from the sale/maturities of non-State Treasurer investments............................................. Purchase of non-State Treasurer investments............................. Purchase into State Treasurer investment pool............................ Loan issuances............................................................................ Loan repayments — interest........................................................ Loan repayments — principal....................................................... Investment earnings..................................................................... Net cash provided by (used for) investment activities..............................................................
— — — — — — 20,599
— (10,164) — (165,070) 18,934 91,200 11,538
20,599
(53,562)
1,109
111,685
Net increase (decrease) in cash and cash equivalents................. Cash and cash equivalents at July 1, as restated.........................
1,195,351 609,102
19,088 221,369
47,855 49,005
(3,817) 8,084
Cash and cash equivalents at June 30.........................................
$
1,804,453
$
240,457
The accompanying Notes to the Financial Statements are an integral part of this statement.
64
$
96,860
$
4,267
State of North Carolina
Exhibit B-5
Other Enterprise Funds $
$
150,102 — — (32,091) (72,700) (13,393) — 903 (18,658)
Total Enterprise Funds $
3,816,726 10,718 — (112,019) (100,568) (1,774,710) — 5,880 (20,263)
Governmental Activities — Internal Service Funds $
38,764 — 290,878 (138,757) (129,785) (607) (14,160) 2,063 (166)
14,163
1,825,764
48,230
665 — — 6,622 (2,598) 1,856 2
83,557 (11,102) 831 21,305 (578,212) 1,856 2
40 — — 6,568 (8,303) — —
6,547
(481,763)
(1,695)
(1,114) 17 — — 125 (1,999) (562) — 1
(186,227) 17 101,056 14,631 125 (10,199) (78,979) 11,387 12
(23,220) 2,498 — — — (212) (2) — 134
(3,532)
(148,177)
(20,802)
13,082 (14,014) (6,000) — — — 705
7,315,449 (7,218,629) (6,000) (165,070) 18,934 91,200 37,720
— — — — — — 252
(6,227)
73,604
252
10,951 94,479
1,269,428 982,039
25,985 92,426
105,430
$
2,251,467
$
118,411
Continued
65
State of North Carolina STATEMENT OF CASH FLOWS PROPRIETARY FUNDS (Continued) For the Fiscal Year Ended June 30, 2016 (Dollars in Thousands)
Unemployment Compensation Fund Reconciliation of Operating Income to Net Cash Provided By Operating Activities Operating income (loss)............................................................... Adjustments to reconcile operating income (loss) to net cash provided by operating activities: Depreciation........................................................................... Pension expense.................................................................... Interest earnings on loans classified as investing activity....... Nonoperating miscellaneous income (expense)..................... Change in assets and deferred outflows: Receivables........................................................................... Due from other funds............................................................. Due from component units..................................................... Inventories............................................................................. Prepaid items......................................................................... Deferred outflows for pensions............................................... Change in liabilities: Accounts payable and accrued liabilities................................ Due to other funds.................................................................. Due to fiduciary funds............................................................. Compensated absences......................................................... Unearned revenue................................................................. Deposits payable.................................................................... Net cash provided by (used for) operations.............................................................. Noncash Investing, Capital, and Financing Activities Noncash distributions from the State Treasurer Long-Term Investment Portfolio and/or other agents................ Donated or transferred assets ..................................................... Change in construction in progress as a result of accrual of accounts payable................................................................. Capital asset writeoff.................................................................... Change in fair value of investments............................................. Increase in receivables related to nonoperating income............... Change in securities lending collateral.........................................
$
1,054,117
Business-type Activities — Enterprise Funds EPA N.C. State N.C. Revolving Loan Lottery Turnpike Fund Fund Authority
$
14,045
$
636,176
$
4,162
— — — 4,900
38 90 (17,963) 62
671 436 — 44
16,130 24 — (132)
113,241 876 — — — —
— — — — — (429)
(11,608) — — — 651 (1,190)
(2,867) 19 — 569 86 (74)
(8,142) (256) — — 999 —
136 9 — 61 — —
(3,711) — — 421 — —
(2,482) 11,239 465 — 33 755
$
1,165,735
$
$
— —
$
— — — — (6,318)
66
(3,951)
— — — — — — (4,578)
$
621,890
$
27,927
$
— —
$
— —
— — — — 313
30,010 — 1,298 — (13,389)
State of North Carolina
Exhibit B-5
Other Enterprise Funds
$
14,302
Total Enterprise Funds
$
1,722,802
Governmental Activities — Internal Service Funds
$
34,246
4,176 613 — 892
21,015 1,163 (17,963) 5,766
20,936 1,197 — 1,869
(2,723) — — 2 735 (2,602)
96,043 895 — 571 1,472 (4,295)
(8,178) (1,328) 146 (28) 1,623 (3,589)
(4,695) — — (87) 3,551 (1)
(18,894) 10,992 465 395 4,583 754
2,508 (255) — (501) (416) —
$
14,163
$
1,825,764
$
48,230
$
481 —
$
481 —
$
1,226 359
— (318) 525 28 (1,229)
30,010 (318) 1,823 28 (25,201)
— — 1,269 — (696)
67
