State of North Carolina STATEMENT OF NET POSITION
State of North Carolina STATEMENT OF NET POSITION PROPRIETARY FUNDS June 30, 2015 (Dollars in Thousands)
Unemployment Compensation Fund
EPA Revolving Loan Fund
$
$
Business-type Activities — Enterprise Funds N.C. State N.C. Lottery Turnpike 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...................................................................
609,102 — 9,161
221,369 195,728 34,042
$
49,005 5,136 5,050
$
4,597 — 31,590
116,793 4,917 — — 444,740 — 20,039 — — — — 1,204,752
— 27 3,811 — — 77,991 — — — — — 532,968
8,655 — 41 — — — 5,275 — — 651 — 73,813
13,289 318 — — — — 55 — 1,403 — — 51,252
—
—
56,718
—
12,177 — —
— 1,002,919 —
— — 655
— — 9,268
— — — — 12,177 1,216,929
— — — 126 1,003,045 1,536,013
— — — 1,832 59,205 133,018
3,487 824,542 437,818 762,446 2,037,561 2,088,813
—
399
1,471
94
18,408 — 48,279 — 2,851 9,161 — — 256 586 — — — — — — 79,541
6 — — — — 34,042 — — 24 — — — — — — 68 34,140
48,952 467 — — — 5,050 — — 10,404 — — 5,136 — — — 192 70,201
12,266 — 3,355 — — 31,590 37,692 4,727 625 — 2,018 — — — 8,200 9 100,482
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.....................................................
62
State of North Carolina
Exhibit B-3
Other Enterprise Funds
$
90,088 101,776 11,612
Governmental Activities — Internal Service Funds
Total Enterprise Funds
$
974,161 302,640 91,455
$
92,426 30,958 5,070
1,379 1,478 63 2,755 — — — — 569 3,375 180 213,275
140,116 6,740 3,915 2,755 444,740 77,991 25,369 — 1,972 4,026 180 2,076,060
19,329 — 13 654 — — 13,472 521 169 6,027 — 168,639
13,553
70,271
—
— 157 97
12,177 1,003,076 10,020
— — —
— — 11,747 73,472 99,026 312,301
3,487 824,542 449,565 837,876 3,211,014 5,287,074
— — 3,396 107,294 110,690 279,329
2,635
4,599
3,857
2,936 78 5 31,801 — 11,612 — — 132 31,711 21 — 998 — — 1,136 80,430
82,568 545 51,639 31,801 2,851 91,455 37,692 4,727 11,441 32,297 2,039 5,136 998 — 8,200 1,405 364,794
8,820 1,369 — 1,612 — 5,070 — — 473 8,004 — — — 72 — 884 26,304
63
State of North Carolina STATEMENT OF NET POSITION PROPRIETARY FUNDS (Continued) June 30, 2015 (Dollars in Thousands)
Unemployment Compensation Fund
Business-type Activities — Enterprise Funds N.C. State N.C. Lottery Turnpike Fund Authority
EPA Revolving Loan 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...............................................................
— — — — — — — — — — 79,541
— — — — — — — 585 337 922 35,062
— — — 56,718 — — — 1,570 1,301 59,589 129,790
— 75,323 25,287 — 372,877 — 1,178,585 73 69 1,652,214 1,752,696
Deferred Inflows of Resources Deferred inflows for pensions...............................................
—
1,229
4,699
251
—
126
1,832
465,144
— — 1,137,388 1,137,388
— — 1,499,995 1,500,121
— — (1,832) —
— — (129,184) 335,960
Net Position Net investment in capital assets.............................................. Restricted for: Capital outlay........................................................................ Other purposes..................................................................... Unrestricted............................................................................. Total Net Position...........................................................
$
$
The accompanying Notes to the Financial Statements are an integral part of this statement.
64
$
$
State of North Carolina
Exhibit B-3
Other Enterprise Funds
$
Governmental Activities — Internal Service Funds
Total Enterprise Funds
249 — — — 16,943 — — 5,108 4,239 26,539 106,969
249 75,323 25,287 56,718 389,820 — 1,178,585 7,336 5,946 1,739,264 2,104,058
— — — — — 93 — 5,442 3,015 8,550 34,854
15,487
21,666
11,160
67,278
534,380
110,525
180 1,076 123,946 192,480
180 1,076 2,630,313 3,165,949
— — 126,647 237,172
$
$
65
State of North Carolina STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS For the Fiscal Year Ended June 30, 2015 (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)............................
1,542,264 10,670 — — — — — — — — 1,552,934
Business-type Activities — Enterprise Funds N.C. State N.C. Lottery Turnpike Fund Authority
EPA Revolving Loan Fund $
— — 4,177 — 19,777 — — — — 1 23,955
$
— — 1,972,215 — — — 5,200 — — 71 1,977,486
$
— — 449 — — 26 3,956 26,265 — 14 30,710
— — — — — — — 339,139 — — 339,139 1,213,795
5,695 125 1,431 — 31 — — — 13 194 7,489 16,466
18,738 1,108 194,795 — 568 1,231,238 — — 43 3,962 1,450,452 527,034
1,351 9,807 2,310 449 16,130 — — — 386 3,375 33,808 (3,098)
Noncapital grants............................................ Noncapital gifts, net........................................ Investment earnings........................................ Interest and fees............................................. Insurance recoveries....................................... Grants, aid and subsidies................................ Gain (loss) on sale of equipment..................... Gain on extinguishment of debt....................... Federal interest subsidy on debt..................... Miscellaneous................................................. Total nonoperating revenues (expenses)..
3,225 — 3,053 (9,825) — — — 253,453 — 46,018 295,924
85,477 — (2,320) — — (15,411) — — — (65) 67,681
— — 408 — — — (17) — — 2 393
— — 2,961 (55,117) 15 — — — 11,375 (79) (40,845)
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 23)...... Net position — June 30......................................
1,509,719 — — (1,808) 1,507,911 (370,523) 1,137,388
84,147 — 14,584 (1,441) 97,290 1,402,831 1,500,121
527,427 — — (527,427) — — —
(43,943) 9,733 93,680 — 59,470 276,490 335,960
Nonoperating Revenues (Expenses)
$
$
$
The accompanying Notes to the Financial Statements are an integral part of this statement.
66
$
State of North Carolina
Exhibit B-4
Other Enterprise Funds $
$
Governmental Activities — Internal Service Funds
Total Enterprise Funds
— — 1,788 15 — 8,266 111,050 — 18,641 1,260 141,020
$ 1,542,264 10,670 1,978,629 15 19,777 8,292 120,206 26,265 18,641 1,346 3,726,105
72,650 3,322 31,701 365 4,418 — 16,561 — 4,056 5,564 138,637 2,383
98,434 14,362 230,237 814 21,147 1,231,238 16,561 339,139 4,498 13,095 1,969,525 1,756,580
117,973 23,246 81,606 455 19,532 — 978 — 17,409 39,569 300,768 14,729
486 1,966 3,069 (613) — — (91) — — 10 4,827
89,188 1,966 7,171 (65,555) 15 (15,411) (108) 253,453 11,375 45,886 327,980
128 — 865 (23) 150 — 2,557 — — 199 3,876
7,210 11,518 6,988 (1,059) 24,657 167,823 192,480
2,084,560 21,251 115,252 (531,735) 1,689,328 1,476,621 $ 3,165,949
18,605 1,151 10,614 (5,819) 24,551 212,621 237,172
$
$
— — 291,574 — — 64 1,648 — 21,825 386 315,497
67
State of North Carolina STATEMENT OF CASH FLOWS PROPRIETARY FUNDS For the Fiscal Year Ended June 30, 2015 (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............................................................................
$
1,617,969 5,897 — — — (354,400) — 46,123 (94)
Business-type Activities — Enterprise Funds EPA N.C. State N.C. Revolving Loan Lottery Turnpike Fund Fund Authority $
4,178 — — (1,784) (5,868) — — — (114)
$
1,852,799 — — (67,538) (18,934) (1,216,421) — 24 —
$
29,442 — — (7,475) (1,406) — — — (3,411)
Net cash flows provided (used) by operating activities...........
1,315,495
(3,588)
549,930
17,150
Cash Provided From (Used For) Noncapital Financing Activities Grant receipts ............................................................................. Grants, aid, and subsidies............................................................ Advances from federal unemployment account ........................... Payments to federal unemployment account ............................... Interest expense and issuance cost............................................. Advances from other funds.......................................................... Transfers from other funds........................................................... Transfers to other funds............................................................... Gifts............................................................................................. Insurance recoveries.................................................................... Total cash provided from (used for) noncapital financing activities.................................................
3,225 — 191,724 (919,257) (40,614) — — (1,808) — —
85,609 (15,411) — — — — 14,584 (1,441) — —
— — — — — — — (521,651) — —
— — — — — 792 — — — 15
(766,730)
83,341
(521,651)
807
— — — — — — — — —
(99) — — — — — — — —
(1,090) 4 — — — — — — —
(48,280) — 93,680 9,882 — (19,720) (69,847) 11,375 —
—
(99)
(1,086)
(22,910)
— — — — — — 3,063
— — (195,728) (174,546) 19,416 73,628 (2,649)
— — — — — — 655
6,722,057 (6,715,965) — — — — 3,435
3,063
(279,879)
655
9,527
551,828 57,274
(200,225) 421,594
27,848 21,157
4,574 3,510
Cash Provided From (Used For) 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.................................................................... Total cash provided from (used for) capital and related financing activities.................................... Cash Provided From (Used For) Investment 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..................................................................... Total cash provided from (used for) investment activities.............................................................. Net increase (decrease) in cash and cash equivalents................. Cash and cash equivalents at July 1, as restated......................... Cash and cash equivalents at June 30.........................................
$
609,102
$
221,369
The accompanying Notes to the Financial Statements are an integral part of this statement.
68
$
49,005
$
8,084
State of North Carolina
Exhibit B-5
Other Enterprise Funds $
$
Total Enterprise Funds
Governmental Activities — Internal Service Funds
140,125 — — (32,617) (70,338) (12,079) — 806 (14,535)
$ 3,644,513 5,897 — (109,414) (96,546) (1,582,900) — 46,953 (18,154)
11,362
1,890,349
24,818
486 — — — — — 6,988 (1,059) 1,963 —
89,320 (15,411) 191,724 (919,257) (40,614) 792 21,572 (525,959) 1,963 15
128 — — — — — 10,614 (5,819) — —
8,378
(1,195,855)
4,923
(1,364) 28 — — 56 (1,774) (613) — —
(50,833) 32 93,680 9,882 56 (21,494) (70,460) 11,375 —
(28,197) 3,297 — — — (158) (23) — 150
(3,667)
(27,762)
(24,931)
8,772 (9,709) (5,000) — — — 587
6,730,829 (6,725,674) (200,728) (174,546) 19,416 73,628 5,091
— — — — — — 160
(5,350)
(271,984)
160
10,723 79,545
394,748 583,080
4,970 87,456
90,268
$
977,828
$
$
35,445 — 279,124 (146,613) (122,495) (443) (20,586) 531 (145)
92,426
Continued
69
State of North Carolina STATEMENT OF CASH FLOWS PROPRIETARY FUNDS (Continued) For the Fiscal Year Ended June 30, 2015 (Dollars in Thousands)
Unemployment Compensation Fund Reconciliation of Operating Income to Net Cash Provided From (Used For) Operating Activities Operating income (loss)............................................................... Adjustments to reconcile operating income to net cash flows from operating activities: Depreciation........................................................................... Pension expense.................................................................... Interest earnings on loans classified as investing activity....... Nonoperating miscellaneous income (expense)..................... (Increases) decreases in assets and deferred outflows: Receivables........................................................................... Due from other funds............................................................. Due from component units..................................................... Inventories............................................................................. Prepaid items......................................................................... Notes receivable.................................................................... Deferred outflows for pensions............................................... Increases (decreases) in liabilities: Accounts payable and accrued liabilities................................ Due to other funds.................................................................. Due to fiduciary funds............................................................. Compensated absences......................................................... Unearned revenue................................................................. Deposits payable.................................................................... Total cash provided from (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................................................................. Gain on extinguishment of debt.................................................... Assets acquired through the assumption of a liability................... Change in fair value of investments............................................. Increase in receivables related to nonoperating income............... Change in securities lending collateral.........................................
$
1,213,795
Business-type Activities — Enterprise Funds EPA N.C. State N.C. Revolving Loan Lottery Turnpike Fund Fund Authority
$
$
527,034
$
(3,098)
— — — 46,029
31 142 (19,777) —
568 606 — 2
16,130 32 — —
73,362 (5,062) — — — — —
— — — — — — (399)
13,413 (68) — — 655 — (1,284)
(1,213) (55) — (829) 386 — (86)
(9,743) (473) — — (2,413) —
(131) (4) — 84 — —
8,506 — — 498 — —
4,800 561 49 (1) — 474
$
1,315,495
$
$
— —
$
— 253,453 — (21) — 2,497
70
16,466
(3,588)
— — — — — 304 — (17,250)
$
549,930
$
17,150
$
— —
$
— —
— — 3,536 (262) — 2,018
9,787 — — 2,482 — (26,613)
State of North Carolina
Exhibit B-5
Other Enterprise Funds
$
Total Enterprise Funds
Governmental Activities — Internal Service Funds
2,383
$ 1,756,580
4,418 1,796 — 12
21,147 2,576 (19,777) 46,043
19,532 1,259 — 208
(1,165) — — (59) 74 4 (2,520)
84,397 (5,185) — (888) 1,115 4 (4,289)
(3,506) 2,740 185 89 (4,527) — (3,709)
5,119 49 — 289 954 8
8,551 133 49 870 (1,459) 482
(2,367) (259) — 464 (20) —
$
11,362
$ 1,890,349
$
24,818
$
4,110 11,308
$
$
1,998 1,151
— — — (1,734) 1 (3,726)
4,110 11,308 9,787 253,453 3,536 769 1 (43,074)
$
14,729
— — — (1,306) — (2,245)
71
Unemployment Compensation Fund
EPA Revolving Loan Fund
$
$
Business-type Activities — Enterprise Funds N.C. State N.C. Lottery Turnpike 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...................................................................
609,102 — 9,161
221,369 195,728 34,042
$
49,005 5,136 5,050
$
4,597 — 31,590
116,793 4,917 — — 444,740 — 20,039 — — — — 1,204,752
— 27 3,811 — — 77,991 — — — — — 532,968
8,655 — 41 — — — 5,275 — — 651 — 73,813
13,289 318 — — — — 55 — 1,403 — — 51,252
—
—
56,718
—
12,177 — —
— 1,002,919 —
— — 655
— — 9,268
— — — — 12,177 1,216,929
— — — 126 1,003,045 1,536,013
— — — 1,832 59,205 133,018
3,487 824,542 437,818 762,446 2,037,561 2,088,813
—
399
1,471
94
18,408 — 48,279 — 2,851 9,161 — — 256 586 — — — — — — 79,541
6 — — — — 34,042 — — 24 — — — — — — 68 34,140
48,952 467 — — — 5,050 — — 10,404 — — 5,136 — — — 192 70,201
12,266 — 3,355 — — 31,590 37,692 4,727 625 — 2,018 — — — 8,200 9 100,482
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.....................................................
62
State of North Carolina
Exhibit B-3
Other Enterprise Funds
$
90,088 101,776 11,612
Governmental Activities — Internal Service Funds
Total Enterprise Funds
$
974,161 302,640 91,455
$
92,426 30,958 5,070
1,379 1,478 63 2,755 — — — — 569 3,375 180 213,275
140,116 6,740 3,915 2,755 444,740 77,991 25,369 — 1,972 4,026 180 2,076,060
19,329 — 13 654 — — 13,472 521 169 6,027 — 168,639
13,553
70,271
—
— 157 97
12,177 1,003,076 10,020
— — —
— — 11,747 73,472 99,026 312,301
3,487 824,542 449,565 837,876 3,211,014 5,287,074
— — 3,396 107,294 110,690 279,329
2,635
4,599
3,857
2,936 78 5 31,801 — 11,612 — — 132 31,711 21 — 998 — — 1,136 80,430
82,568 545 51,639 31,801 2,851 91,455 37,692 4,727 11,441 32,297 2,039 5,136 998 — 8,200 1,405 364,794
8,820 1,369 — 1,612 — 5,070 — — 473 8,004 — — — 72 — 884 26,304
63
State of North Carolina STATEMENT OF NET POSITION PROPRIETARY FUNDS (Continued) June 30, 2015 (Dollars in Thousands)
Unemployment Compensation Fund
Business-type Activities — Enterprise Funds N.C. State N.C. Lottery Turnpike Fund Authority
EPA Revolving Loan 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...............................................................
— — — — — — — — — — 79,541
— — — — — — — 585 337 922 35,062
— — — 56,718 — — — 1,570 1,301 59,589 129,790
— 75,323 25,287 — 372,877 — 1,178,585 73 69 1,652,214 1,752,696
Deferred Inflows of Resources Deferred inflows for pensions...............................................
—
1,229
4,699
251
—
126
1,832
465,144
— — 1,137,388 1,137,388
— — 1,499,995 1,500,121
— — (1,832) —
— — (129,184) 335,960
Net Position Net investment in capital assets.............................................. Restricted for: Capital outlay........................................................................ Other purposes..................................................................... Unrestricted............................................................................. Total Net Position...........................................................
$
$
The accompanying Notes to the Financial Statements are an integral part of this statement.
64
$
$
State of North Carolina
Exhibit B-3
Other Enterprise Funds
$
Governmental Activities — Internal Service Funds
Total Enterprise Funds
249 — — — 16,943 — — 5,108 4,239 26,539 106,969
249 75,323 25,287 56,718 389,820 — 1,178,585 7,336 5,946 1,739,264 2,104,058
— — — — — 93 — 5,442 3,015 8,550 34,854
15,487
21,666
11,160
67,278
534,380
110,525
180 1,076 123,946 192,480
180 1,076 2,630,313 3,165,949
— — 126,647 237,172
$
$
65
State of North Carolina STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS For the Fiscal Year Ended June 30, 2015 (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)............................
1,542,264 10,670 — — — — — — — — 1,552,934
Business-type Activities — Enterprise Funds N.C. State N.C. Lottery Turnpike Fund Authority
EPA Revolving Loan Fund $
— — 4,177 — 19,777 — — — — 1 23,955
$
— — 1,972,215 — — — 5,200 — — 71 1,977,486
$
— — 449 — — 26 3,956 26,265 — 14 30,710
— — — — — — — 339,139 — — 339,139 1,213,795
5,695 125 1,431 — 31 — — — 13 194 7,489 16,466
18,738 1,108 194,795 — 568 1,231,238 — — 43 3,962 1,450,452 527,034
1,351 9,807 2,310 449 16,130 — — — 386 3,375 33,808 (3,098)
Noncapital grants............................................ Noncapital gifts, net........................................ Investment earnings........................................ Interest and fees............................................. Insurance recoveries....................................... Grants, aid and subsidies................................ Gain (loss) on sale of equipment..................... Gain on extinguishment of debt....................... Federal interest subsidy on debt..................... Miscellaneous................................................. Total nonoperating revenues (expenses)..
3,225 — 3,053 (9,825) — — — 253,453 — 46,018 295,924
85,477 — (2,320) — — (15,411) — — — (65) 67,681
— — 408 — — — (17) — — 2 393
— — 2,961 (55,117) 15 — — — 11,375 (79) (40,845)
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 23)...... Net position — June 30......................................
1,509,719 — — (1,808) 1,507,911 (370,523) 1,137,388
84,147 — 14,584 (1,441) 97,290 1,402,831 1,500,121
527,427 — — (527,427) — — —
(43,943) 9,733 93,680 — 59,470 276,490 335,960
Nonoperating Revenues (Expenses)
$
$
$
The accompanying Notes to the Financial Statements are an integral part of this statement.
66
$
State of North Carolina
Exhibit B-4
Other Enterprise Funds $
$
Governmental Activities — Internal Service Funds
Total Enterprise Funds
— — 1,788 15 — 8,266 111,050 — 18,641 1,260 141,020
$ 1,542,264 10,670 1,978,629 15 19,777 8,292 120,206 26,265 18,641 1,346 3,726,105
72,650 3,322 31,701 365 4,418 — 16,561 — 4,056 5,564 138,637 2,383
98,434 14,362 230,237 814 21,147 1,231,238 16,561 339,139 4,498 13,095 1,969,525 1,756,580
117,973 23,246 81,606 455 19,532 — 978 — 17,409 39,569 300,768 14,729
486 1,966 3,069 (613) — — (91) — — 10 4,827
89,188 1,966 7,171 (65,555) 15 (15,411) (108) 253,453 11,375 45,886 327,980
128 — 865 (23) 150 — 2,557 — — 199 3,876
7,210 11,518 6,988 (1,059) 24,657 167,823 192,480
2,084,560 21,251 115,252 (531,735) 1,689,328 1,476,621 $ 3,165,949
18,605 1,151 10,614 (5,819) 24,551 212,621 237,172
$
$
— — 291,574 — — 64 1,648 — 21,825 386 315,497
67
State of North Carolina STATEMENT OF CASH FLOWS PROPRIETARY FUNDS For the Fiscal Year Ended June 30, 2015 (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............................................................................
$
1,617,969 5,897 — — — (354,400) — 46,123 (94)
Business-type Activities — Enterprise Funds EPA N.C. State N.C. Revolving Loan Lottery Turnpike Fund Fund Authority $
4,178 — — (1,784) (5,868) — — — (114)
$
1,852,799 — — (67,538) (18,934) (1,216,421) — 24 —
$
29,442 — — (7,475) (1,406) — — — (3,411)
Net cash flows provided (used) by operating activities...........
1,315,495
(3,588)
549,930
17,150
Cash Provided From (Used For) Noncapital Financing Activities Grant receipts ............................................................................. Grants, aid, and subsidies............................................................ Advances from federal unemployment account ........................... Payments to federal unemployment account ............................... Interest expense and issuance cost............................................. Advances from other funds.......................................................... Transfers from other funds........................................................... Transfers to other funds............................................................... Gifts............................................................................................. Insurance recoveries.................................................................... Total cash provided from (used for) noncapital financing activities.................................................
3,225 — 191,724 (919,257) (40,614) — — (1,808) — —
85,609 (15,411) — — — — 14,584 (1,441) — —
— — — — — — — (521,651) — —
— — — — — 792 — — — 15
(766,730)
83,341
(521,651)
807
— — — — — — — — —
(99) — — — — — — — —
(1,090) 4 — — — — — — —
(48,280) — 93,680 9,882 — (19,720) (69,847) 11,375 —
—
(99)
(1,086)
(22,910)
— — — — — — 3,063
— — (195,728) (174,546) 19,416 73,628 (2,649)
— — — — — — 655
6,722,057 (6,715,965) — — — — 3,435
3,063
(279,879)
655
9,527
551,828 57,274
(200,225) 421,594
27,848 21,157
4,574 3,510
Cash Provided From (Used For) 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.................................................................... Total cash provided from (used for) capital and related financing activities.................................... Cash Provided From (Used For) Investment 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..................................................................... Total cash provided from (used for) investment activities.............................................................. Net increase (decrease) in cash and cash equivalents................. Cash and cash equivalents at July 1, as restated......................... Cash and cash equivalents at June 30.........................................
$
609,102
$
221,369
The accompanying Notes to the Financial Statements are an integral part of this statement.
68
$
49,005
$
8,084
State of North Carolina
Exhibit B-5
Other Enterprise Funds $
$
Total Enterprise Funds
Governmental Activities — Internal Service Funds
140,125 — — (32,617) (70,338) (12,079) — 806 (14,535)
$ 3,644,513 5,897 — (109,414) (96,546) (1,582,900) — 46,953 (18,154)
11,362
1,890,349
24,818
486 — — — — — 6,988 (1,059) 1,963 —
89,320 (15,411) 191,724 (919,257) (40,614) 792 21,572 (525,959) 1,963 15
128 — — — — — 10,614 (5,819) — —
8,378
(1,195,855)
4,923
(1,364) 28 — — 56 (1,774) (613) — —
(50,833) 32 93,680 9,882 56 (21,494) (70,460) 11,375 —
(28,197) 3,297 — — — (158) (23) — 150
(3,667)
(27,762)
(24,931)
8,772 (9,709) (5,000) — — — 587
6,730,829 (6,725,674) (200,728) (174,546) 19,416 73,628 5,091
— — — — — — 160
(5,350)
(271,984)
160
10,723 79,545
394,748 583,080
4,970 87,456
90,268
$
977,828
$
$
35,445 — 279,124 (146,613) (122,495) (443) (20,586) 531 (145)
92,426
Continued
69
State of North Carolina STATEMENT OF CASH FLOWS PROPRIETARY FUNDS (Continued) For the Fiscal Year Ended June 30, 2015 (Dollars in Thousands)
Unemployment Compensation Fund Reconciliation of Operating Income to Net Cash Provided From (Used For) Operating Activities Operating income (loss)............................................................... Adjustments to reconcile operating income to net cash flows from operating activities: Depreciation........................................................................... Pension expense.................................................................... Interest earnings on loans classified as investing activity....... Nonoperating miscellaneous income (expense)..................... (Increases) decreases in assets and deferred outflows: Receivables........................................................................... Due from other funds............................................................. Due from component units..................................................... Inventories............................................................................. Prepaid items......................................................................... Notes receivable.................................................................... Deferred outflows for pensions............................................... Increases (decreases) in liabilities: Accounts payable and accrued liabilities................................ Due to other funds.................................................................. Due to fiduciary funds............................................................. Compensated absences......................................................... Unearned revenue................................................................. Deposits payable.................................................................... Total cash provided from (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................................................................. Gain on extinguishment of debt.................................................... Assets acquired through the assumption of a liability................... Change in fair value of investments............................................. Increase in receivables related to nonoperating income............... Change in securities lending collateral.........................................
$
1,213,795
Business-type Activities — Enterprise Funds EPA N.C. State N.C. Revolving Loan Lottery Turnpike Fund Fund Authority
$
$
527,034
$
(3,098)
— — — 46,029
31 142 (19,777) —
568 606 — 2
16,130 32 — —
73,362 (5,062) — — — — —
— — — — — — (399)
13,413 (68) — — 655 — (1,284)
(1,213) (55) — (829) 386 — (86)
(9,743) (473) — — (2,413) —
(131) (4) — 84 — —
8,506 — — 498 — —
4,800 561 49 (1) — 474
$
1,315,495
$
$
— —
$
— 253,453 — (21) — 2,497
70
16,466
(3,588)
— — — — — 304 — (17,250)
$
549,930
$
17,150
$
— —
$
— —
— — 3,536 (262) — 2,018
9,787 — — 2,482 — (26,613)
State of North Carolina
Exhibit B-5
Other Enterprise Funds
$
Total Enterprise Funds
Governmental Activities — Internal Service Funds
2,383
$ 1,756,580
4,418 1,796 — 12
21,147 2,576 (19,777) 46,043
19,532 1,259 — 208
(1,165) — — (59) 74 4 (2,520)
84,397 (5,185) — (888) 1,115 4 (4,289)
(3,506) 2,740 185 89 (4,527) — (3,709)
5,119 49 — 289 954 8
8,551 133 49 870 (1,459) 482
(2,367) (259) — 464 (20) —
$
11,362
$ 1,890,349
$
24,818
$
4,110 11,308
$
$
1,998 1,151
— — — (1,734) 1 (3,726)
4,110 11,308 9,787 253,453 3,536 769 1 (43,074)
$
14,729
— — — (1,306) — (2,245)
71
