State of North Carolina CHANGES IN FUND BALANCES OF ...
State of North Carolina CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS For the Fiscal Years 2007-2016 (Dollars in Thousands) 2016
2015
2014
2013
2012
$ 24,942,287 16,325,844 189,786 88,114 1,094 325,883 20,906 1,813,402 137,230 102,217 75,105 196,752 176,697 44,395,317
$ 24,032,552 16,509,242 195,962 43,574 2,864 318,411 22,400 1,644,450 138,622 121,750 165,062 209,492 182,507 43,586,888
$ 22,605,977 15,967,504 173,727 76,144 1,797 312,872 23,791 1,597,517 139,937 99,672 106,760 236,869 328,781 41,671,348
$ 22,769,317 16,161,532 186,327 41,259 3,684 304,179 27,559 1,574,727 211,162 74,857 112,671 273,192 184,763 41,925,229
$ 21,816,945 15,626,696 188,405 50,612 3,347 292,705 26,574 1,547,973 140,979 65,954 68,207 658,570 146,204 40,633,171
1,136,781 10,381,474 4,002,167 18,501,376 407,575 527,448 3,015,160 4,313,225 183,389 144,674
1,142,043 10,213,160 3,850,111 18,781,793 412,783 454,602 2,932,540 4,044,532 178,282 113,689
1,036,518 9,749,844 3,900,386 17,901,879 442,364 456,099 2,896,879 4,152,663 179,848 127,634
986,897 9,818,572 3,986,575 18,416,229 571,037 455,894 2,899,287 3,992,200 171,196 182,107
901,654 9,738,102 4,237,649 17,854,993 667,057 429,882 2,937,742 3,801,196 181,387 231,688
587,628 293,503 1,398 43,495,798
562,820 303,433 3,048 42,992,836
553,016 331,451 1,193 41,729,774
1,261,685 461,739 6,605 43,210,023
514,195 346,540 7,074 41,849,159
899,519
594,052
(58,426)
(1,284,794)
(1,215,988)
— — — 329,360 1,875 88,066 (416,509) — 70,263 8,881 1,036,161 (515,965) 602,132
231,360 — 264,930 299,020 1,622 117,506 (349,828) — 13,432 9,039 1,044,348 (632,660) 998,769
— — — 506,255 6,733 98,789 (603,550) — 14,939 15,975 1,233,471 (805,682) 466,930
— 250,000 — 1,320,970 9,380 284,428 (748,022) — 12,939 9,925 1,112,704 (651,195) 1,601,129
— 400,000 179,540 367,350 15,825 131,892 (428,830) — 12,889 16,444 1,115,417 (715,002) 1,095,525
Revenues Taxes................................................................................. Federal funds..................................................................... Local funds........................................................................ Investment earnings........................................................... Interest earnings on loans.................................................. Sales and services............................................................. Rental and lease of property.............................................. Fees, licenses and fines.................................................... Tobacco settlement........................................................... Contributions, gifts, and grants.......................................... Funds escheated............................................................... Federal recovery funds...................................................... Miscellaneous.................................................................... Total revenues...................................................................
Expenditures Current: General government...................................................... Primary and secondary education.................................. Higher education............................................................ Health and human services............................................ Economic development.................................................. Environment and natural resources............................... Public safety, corrections, and regulation....................... Transportation................................................................ Agriculture..................................................................... Capital outlay..................................................................... Debt service: Principal retirement........................................................ Interest and fees............................................................ Debt issuance costs....................................................... Total expenditures.............................................................
[1] [1]
Excess revenues over (under) expenditures......................
Other Financing Sources (Uses) Bonds issued..................................................................... Special Indebtedness issued............................................. GARVEE bonds issued...................................................... Refunding bonds issued..................................................... Other debt issued.............................................................. Premium on debt issued.................................................... Payments to refunded bond escrow agent......................... Capital leases.................................................................... Sale of capital assets......................................................... Insurance recoveries.......................................................... Transfers in........................................................................ Transfers out...................................................................... Total other financing sources (uses).................................. Net change in fund balances.............................................. Debt service as a percentage of noncapital expenditures..
$
1,501,651 2.15%
$
1,592,821 2.13%
$
408,504
$
316,335
2.25%
All governmental fund types consist of the General Fund, special revenue funds, capital projects funds, and permanent funds.
274
4.24%
$
(120,463) 2.18%
State of North Carolina
Table 4 2011
2010
2009
2008
2007
$ 21,689,379 14,215,501 186,944 100,104 4,104 276,663 25,165 1,496,606 138,256 109,170 111,481 2,265,393 158,945 40,777,711
$ 20,866,244 13,688,504 218,162 198,633 4,543 263,010 22,122 1,553,923 146,358 85,868 70,381 2,391,851 164,685 39,674,284
$ 18,752,674 13,387,611 349,303 95,288 4,989 279,025 25,398 1,602,471 175,187 137,537 27,399 1,164,674 184,839 36,186,395
$ 21,583,521 12,096,354 527,325 620,829 5,156 285,848 27,737 1,593,893 159,954 140,575 74,743 N/A 167,449 37,283,384
$ 21,660,719 11,519,927 725,542 669,297 5,639 264,081 28,722 1,525,928 142,825 155,958 214,500 N/A 122,161 37,035,299
1,000,101 10,000,438 4,350,683 16,914,978 741,447 603,112 2,751,665 3,660,069 113,153 364,121
962,187 9,850,462 4,225,806 16,816,099 915,038 554,628 2,659,683 3,253,258 112,902 341,058
1,299,637 10,111,797 3,951,689 16,222,160 634,369 699,273 2,681,833 3,266,494 111,506 369,326
1,167,090 9,879,602 4,207,164 14,918,068 747,728 689,119 2,629,567 3,473,718 117,380 346,764
1,102,512 9,087,905 4,405,767 14,203,474 623,038 662,296 2,467,763 3,296,301 92,062 451,716
1,026,602 393,432 4,178 41,923,979
498,563 322,287 1,310 40,513,281
474,323 326,287 3,031 40,151,725
427,550 329,813 2,141 38,935,704
417,807 306,410 2,456 37,119,507
(1,146,268)
(838,997)
(3,965,330)
(1,652,320)
(84,208)
— 500,000 — 774,745 — 191,035 (370,982) — 12,118 7,319 1,131,568 (698,321) 1,547,482
487,700 — 242,250 371,920 9,098 140,876 (435,870) — 11,994 7,414 2,330,816 (1,876,502) 1,289,696
— 600,000 — — 1,533 31,371 — — 13,079 8,568 2,727,741 (2,309,101) 1,073,191
— 275,000 287,565 — 7,425 21,843 — — 29,570 7,317 2,567,141 (2,223,438) 972,423
502,745 300,000 — 84,385 2,897 40,867 (85,519) 799 15,898 5,700 2,340,937 (2,030,162) 1,178,547
450,699
$ (2,892,139)
2.14%
2.12%
$
401,214 3.61%
$
$
(679,897)
$
1,094,339
2.07%
2.06%
275
[1] For the fiscal year ended June 30, 2011, principal retirement expenditures include payments for a current refunding of $499.87 million and interest and fees expenditures include payments of $49.9 million to terminate interest rate swaps. If these amounts were excluded, debt service as a percentage of noncapital expenditures would be 2.24%. For the fiscal year ended June 30, 2013, principal retirement expenditures include payments for a current refunding of $695.96 million and interest and fees expenditures include net payments of $124.91 million to terminate basis swaps and swaptions. If these amounts were excluded, debt service as a percentage of noncapital expenditures would be 2.26%. NA = Data not available
2015
2014
2013
2012
$ 24,942,287 16,325,844 189,786 88,114 1,094 325,883 20,906 1,813,402 137,230 102,217 75,105 196,752 176,697 44,395,317
$ 24,032,552 16,509,242 195,962 43,574 2,864 318,411 22,400 1,644,450 138,622 121,750 165,062 209,492 182,507 43,586,888
$ 22,605,977 15,967,504 173,727 76,144 1,797 312,872 23,791 1,597,517 139,937 99,672 106,760 236,869 328,781 41,671,348
$ 22,769,317 16,161,532 186,327 41,259 3,684 304,179 27,559 1,574,727 211,162 74,857 112,671 273,192 184,763 41,925,229
$ 21,816,945 15,626,696 188,405 50,612 3,347 292,705 26,574 1,547,973 140,979 65,954 68,207 658,570 146,204 40,633,171
1,136,781 10,381,474 4,002,167 18,501,376 407,575 527,448 3,015,160 4,313,225 183,389 144,674
1,142,043 10,213,160 3,850,111 18,781,793 412,783 454,602 2,932,540 4,044,532 178,282 113,689
1,036,518 9,749,844 3,900,386 17,901,879 442,364 456,099 2,896,879 4,152,663 179,848 127,634
986,897 9,818,572 3,986,575 18,416,229 571,037 455,894 2,899,287 3,992,200 171,196 182,107
901,654 9,738,102 4,237,649 17,854,993 667,057 429,882 2,937,742 3,801,196 181,387 231,688
587,628 293,503 1,398 43,495,798
562,820 303,433 3,048 42,992,836
553,016 331,451 1,193 41,729,774
1,261,685 461,739 6,605 43,210,023
514,195 346,540 7,074 41,849,159
899,519
594,052
(58,426)
(1,284,794)
(1,215,988)
— — — 329,360 1,875 88,066 (416,509) — 70,263 8,881 1,036,161 (515,965) 602,132
231,360 — 264,930 299,020 1,622 117,506 (349,828) — 13,432 9,039 1,044,348 (632,660) 998,769
— — — 506,255 6,733 98,789 (603,550) — 14,939 15,975 1,233,471 (805,682) 466,930
— 250,000 — 1,320,970 9,380 284,428 (748,022) — 12,939 9,925 1,112,704 (651,195) 1,601,129
— 400,000 179,540 367,350 15,825 131,892 (428,830) — 12,889 16,444 1,115,417 (715,002) 1,095,525
Revenues Taxes................................................................................. Federal funds..................................................................... Local funds........................................................................ Investment earnings........................................................... Interest earnings on loans.................................................. Sales and services............................................................. Rental and lease of property.............................................. Fees, licenses and fines.................................................... Tobacco settlement........................................................... Contributions, gifts, and grants.......................................... Funds escheated............................................................... Federal recovery funds...................................................... Miscellaneous.................................................................... Total revenues...................................................................
Expenditures Current: General government...................................................... Primary and secondary education.................................. Higher education............................................................ Health and human services............................................ Economic development.................................................. Environment and natural resources............................... Public safety, corrections, and regulation....................... Transportation................................................................ Agriculture..................................................................... Capital outlay..................................................................... Debt service: Principal retirement........................................................ Interest and fees............................................................ Debt issuance costs....................................................... Total expenditures.............................................................
[1] [1]
Excess revenues over (under) expenditures......................
Other Financing Sources (Uses) Bonds issued..................................................................... Special Indebtedness issued............................................. GARVEE bonds issued...................................................... Refunding bonds issued..................................................... Other debt issued.............................................................. Premium on debt issued.................................................... Payments to refunded bond escrow agent......................... Capital leases.................................................................... Sale of capital assets......................................................... Insurance recoveries.......................................................... Transfers in........................................................................ Transfers out...................................................................... Total other financing sources (uses).................................. Net change in fund balances.............................................. Debt service as a percentage of noncapital expenditures..
$
1,501,651 2.15%
$
1,592,821 2.13%
$
408,504
$
316,335
2.25%
All governmental fund types consist of the General Fund, special revenue funds, capital projects funds, and permanent funds.
274
4.24%
$
(120,463) 2.18%
State of North Carolina
Table 4 2011
2010
2009
2008
2007
$ 21,689,379 14,215,501 186,944 100,104 4,104 276,663 25,165 1,496,606 138,256 109,170 111,481 2,265,393 158,945 40,777,711
$ 20,866,244 13,688,504 218,162 198,633 4,543 263,010 22,122 1,553,923 146,358 85,868 70,381 2,391,851 164,685 39,674,284
$ 18,752,674 13,387,611 349,303 95,288 4,989 279,025 25,398 1,602,471 175,187 137,537 27,399 1,164,674 184,839 36,186,395
$ 21,583,521 12,096,354 527,325 620,829 5,156 285,848 27,737 1,593,893 159,954 140,575 74,743 N/A 167,449 37,283,384
$ 21,660,719 11,519,927 725,542 669,297 5,639 264,081 28,722 1,525,928 142,825 155,958 214,500 N/A 122,161 37,035,299
1,000,101 10,000,438 4,350,683 16,914,978 741,447 603,112 2,751,665 3,660,069 113,153 364,121
962,187 9,850,462 4,225,806 16,816,099 915,038 554,628 2,659,683 3,253,258 112,902 341,058
1,299,637 10,111,797 3,951,689 16,222,160 634,369 699,273 2,681,833 3,266,494 111,506 369,326
1,167,090 9,879,602 4,207,164 14,918,068 747,728 689,119 2,629,567 3,473,718 117,380 346,764
1,102,512 9,087,905 4,405,767 14,203,474 623,038 662,296 2,467,763 3,296,301 92,062 451,716
1,026,602 393,432 4,178 41,923,979
498,563 322,287 1,310 40,513,281
474,323 326,287 3,031 40,151,725
427,550 329,813 2,141 38,935,704
417,807 306,410 2,456 37,119,507
(1,146,268)
(838,997)
(3,965,330)
(1,652,320)
(84,208)
— 500,000 — 774,745 — 191,035 (370,982) — 12,118 7,319 1,131,568 (698,321) 1,547,482
487,700 — 242,250 371,920 9,098 140,876 (435,870) — 11,994 7,414 2,330,816 (1,876,502) 1,289,696
— 600,000 — — 1,533 31,371 — — 13,079 8,568 2,727,741 (2,309,101) 1,073,191
— 275,000 287,565 — 7,425 21,843 — — 29,570 7,317 2,567,141 (2,223,438) 972,423
502,745 300,000 — 84,385 2,897 40,867 (85,519) 799 15,898 5,700 2,340,937 (2,030,162) 1,178,547
450,699
$ (2,892,139)
2.14%
2.12%
$
401,214 3.61%
$
$
(679,897)
$
1,094,339
2.07%
2.06%
275
[1] For the fiscal year ended June 30, 2011, principal retirement expenditures include payments for a current refunding of $499.87 million and interest and fees expenditures include payments of $49.9 million to terminate interest rate swaps. If these amounts were excluded, debt service as a percentage of noncapital expenditures would be 2.24%. For the fiscal year ended June 30, 2013, principal retirement expenditures include payments for a current refunding of $695.96 million and interest and fees expenditures include net payments of $124.91 million to terminate basis swaps and swaptions. If these amounts were excluded, debt service as a percentage of noncapital expenditures would be 2.26%. NA = Data not available
