State of North Carolina STATEMENT OF NET ...
State of North Carolina STATEMENT OF NET POSITION June 30, 2015 (Dollars in Thousands)
Primary Government Assets Cash and cash equivalents (Note 3)...................................... Investments (Note 3)............................................................. Securities lending collateral (Note 3)....................................... Receivables, net (Note 4)....................................................... Due from component units (Note 18)...................................... Due from primary government (Note 18)................................. Internal balances.................................................................... Inventories.............................................................................. Prepaid items.......................................................................... Advances to component units ................................................ Notes receivable, net.............................................................. Investment in joint venture...................................................... Equity interest in component unit............................................ Securities held in trust............................................................ Net pension asset (Note 12)................................................... Restricted/designated cash and cash equivalents (Note 3)..... Restricted investments (Note 3).............................................. Restricted due from primary government (Note 18)................ Restricted due from component units (Note 18)...................... Capital assets-nondepreciable (Note 5).................................. Capital assets-depreciable, net (Note 5).................................
Governmental Activities
Business-type Activities
$
$
4,868,005 331,309 500,904 3,289,267 529 — 11,359 186,363 6,027 4,066 79,610 — 149,095 45,083 5,633 713,877 674,140 — — 19,124,393 26,679,974
974,161 372,911 91,455 610,443 — — (11,359) 1,972 14,046 — 1,081,067 — — — — 3,667 824,542 — — 449,565 837,876
Total $
5,842,166 704,220 592,359 3,899,710 529 — — 188,335 20,073 4,066 1,160,677 — 149,095 45,083 5,633 717,544 1,498,682 — — 19,573,958 27,517,850
Component Units $
2,951,473 3,682,534 — 1,456,466 5,672 230,157 — 136,358 108,875 — 3,228,709 127,796 — — — 2,001,678 6,575,777 16,067 1,173 1,926,159 14,269,762
Total Assets ...........................................................................
56,669,634
5,250,346
61,919,980
36,718,656
Deferred Outflows of Resources Accumulated decrease in fair value of hedging derivatives..... Deferred loss on refunding...................................................... Forward funded state aid........................................................ Deferred outflows for pensions (Note 12)................................ Other deferred outflows.......................................................... Total Deferred Outflows of Resources....................................
— 118,999 118,451 369,994 — 607,444
— — — 4,599 — 4,599
— 118,999 118,451 374,593 — 612,043
134,828 32,061 — 321,290 3,512 491,691
1,528,361 885,588 — 977,607 500,904 51,581 — 246,224 — 445,672 — — 4,054 77,698 —
171,529 — 2,851 — 91,455 113,015 — — — 32,297 — — 2,039 — —
1,699,890 885,588 2,851 977,607 592,359 164,596 — 246,224 — 477,969 — — 6,093 77,698 —
1,241,368 285,033 — — — 62,434 73,212 6,845 529 263,211 4,066 12,376 20,803 2,605,527 134,828
701,184 7,965,794
15,739 1,638,405
716,923 9,604,199
616,856 8,035,031
Total Liabilities........................................................................
13,384,667
2,067,330
15,451,997
13,362,119
Deferred Inflows of Resources Deferred state aid................................................................... Deferred inflows for pensions (Note 12).................................. Other deferred inflows............................................................. Total Deferred Inflows of Resources.......................................
— 1,030,957 — 1,030,957
— 21,666 — 21,666
— 1,052,623 — 1,052,623
121,344 897,285 1,588 1,020,217
Liabilities Accounts payable and accrued liabilities................................. Medical claims payable........................................................... Unemployment benefits payable............................................. Tax refunds payable............................................................... Obligations under securities lending....................................... Interest payable...................................................................... Short-term debt (Note 6)......................................................... Due to component units (Note 18).......................................... Due to primary government (Note 18)..................................... Unearned revenue.................................................................. Advance from primary government ........................................ Obligations under reverse repurchase agreements................. Deposits payable.................................................................... Funds held for others.............................................................. Hedging derivatives liability (Note 7)....................................... Long-term liabilities (Note 8): Due within one year............................................................. Due in more than one year...................................................
52
State of North Carolina STATEMENT OF NET POSITION Exhibit A-1
June 30, 2015 (Dollars in Thousands)
Primary Government Governmental Activities Net Position Net investment in capital assets............................................. Restricted for: Nonexpendable: Environment and natural resources.................................. Higher education............................................................... Expendable: Primary and secondary education..................................... Higher education............................................................... Higher education student aid............................................ Health and human services.............................................. Economic development.................................................... Environment and natural resources.................................. Public safety, corrections, and regulation.......................... Transportation................................................................... Debt service...................................................................... Capital projects/repairs and renovations........................... Other purposes................................................................. Unrestricted............................................................................ Total Net Position...................................................................
$
Business-type Activities
Total
Component Units
43,612,584
534,380
44,146,964
11,434,050
101,914 513
— —
101,914 513
— 2,486,637
2,646 3,823 605,810 110,418 26,937 38,782 68,059 3,075 83,855 5,034 10,951 (1,812,947) 42,861,454
— — — — — — — — — — 1,256 2,630,313 3,165,949
2,646 3,823 605,810 110,418 26,937 38,782 68,059 3,075 83,855 5,034 12,207 817,366 46,027,403
— 3,874,609 — 37 777,710 — — — — — — 4,254,968 22,828,011
$
The accompanying Notes to the Financial Statements are an integral part of this statement.
53
$
$
Primary Government Assets Cash and cash equivalents (Note 3)...................................... Investments (Note 3)............................................................. Securities lending collateral (Note 3)....................................... Receivables, net (Note 4)....................................................... Due from component units (Note 18)...................................... Due from primary government (Note 18)................................. Internal balances.................................................................... Inventories.............................................................................. Prepaid items.......................................................................... Advances to component units ................................................ Notes receivable, net.............................................................. Investment in joint venture...................................................... Equity interest in component unit............................................ Securities held in trust............................................................ Net pension asset (Note 12)................................................... Restricted/designated cash and cash equivalents (Note 3)..... Restricted investments (Note 3).............................................. Restricted due from primary government (Note 18)................ Restricted due from component units (Note 18)...................... Capital assets-nondepreciable (Note 5).................................. Capital assets-depreciable, net (Note 5).................................
Governmental Activities
Business-type Activities
$
$
4,868,005 331,309 500,904 3,289,267 529 — 11,359 186,363 6,027 4,066 79,610 — 149,095 45,083 5,633 713,877 674,140 — — 19,124,393 26,679,974
974,161 372,911 91,455 610,443 — — (11,359) 1,972 14,046 — 1,081,067 — — — — 3,667 824,542 — — 449,565 837,876
Total $
5,842,166 704,220 592,359 3,899,710 529 — — 188,335 20,073 4,066 1,160,677 — 149,095 45,083 5,633 717,544 1,498,682 — — 19,573,958 27,517,850
Component Units $
2,951,473 3,682,534 — 1,456,466 5,672 230,157 — 136,358 108,875 — 3,228,709 127,796 — — — 2,001,678 6,575,777 16,067 1,173 1,926,159 14,269,762
Total Assets ...........................................................................
56,669,634
5,250,346
61,919,980
36,718,656
Deferred Outflows of Resources Accumulated decrease in fair value of hedging derivatives..... Deferred loss on refunding...................................................... Forward funded state aid........................................................ Deferred outflows for pensions (Note 12)................................ Other deferred outflows.......................................................... Total Deferred Outflows of Resources....................................
— 118,999 118,451 369,994 — 607,444
— — — 4,599 — 4,599
— 118,999 118,451 374,593 — 612,043
134,828 32,061 — 321,290 3,512 491,691
1,528,361 885,588 — 977,607 500,904 51,581 — 246,224 — 445,672 — — 4,054 77,698 —
171,529 — 2,851 — 91,455 113,015 — — — 32,297 — — 2,039 — —
1,699,890 885,588 2,851 977,607 592,359 164,596 — 246,224 — 477,969 — — 6,093 77,698 —
1,241,368 285,033 — — — 62,434 73,212 6,845 529 263,211 4,066 12,376 20,803 2,605,527 134,828
701,184 7,965,794
15,739 1,638,405
716,923 9,604,199
616,856 8,035,031
Total Liabilities........................................................................
13,384,667
2,067,330
15,451,997
13,362,119
Deferred Inflows of Resources Deferred state aid................................................................... Deferred inflows for pensions (Note 12).................................. Other deferred inflows............................................................. Total Deferred Inflows of Resources.......................................
— 1,030,957 — 1,030,957
— 21,666 — 21,666
— 1,052,623 — 1,052,623
121,344 897,285 1,588 1,020,217
Liabilities Accounts payable and accrued liabilities................................. Medical claims payable........................................................... Unemployment benefits payable............................................. Tax refunds payable............................................................... Obligations under securities lending....................................... Interest payable...................................................................... Short-term debt (Note 6)......................................................... Due to component units (Note 18).......................................... Due to primary government (Note 18)..................................... Unearned revenue.................................................................. Advance from primary government ........................................ Obligations under reverse repurchase agreements................. Deposits payable.................................................................... Funds held for others.............................................................. Hedging derivatives liability (Note 7)....................................... Long-term liabilities (Note 8): Due within one year............................................................. Due in more than one year...................................................
52
State of North Carolina STATEMENT OF NET POSITION Exhibit A-1
June 30, 2015 (Dollars in Thousands)
Primary Government Governmental Activities Net Position Net investment in capital assets............................................. Restricted for: Nonexpendable: Environment and natural resources.................................. Higher education............................................................... Expendable: Primary and secondary education..................................... Higher education............................................................... Higher education student aid............................................ Health and human services.............................................. Economic development.................................................... Environment and natural resources.................................. Public safety, corrections, and regulation.......................... Transportation................................................................... Debt service...................................................................... Capital projects/repairs and renovations........................... Other purposes................................................................. Unrestricted............................................................................ Total Net Position...................................................................
$
Business-type Activities
Total
Component Units
43,612,584
534,380
44,146,964
11,434,050
101,914 513
— —
101,914 513
— 2,486,637
2,646 3,823 605,810 110,418 26,937 38,782 68,059 3,075 83,855 5,034 10,951 (1,812,947) 42,861,454
— — — — — — — — — — 1,256 2,630,313 3,165,949
2,646 3,823 605,810 110,418 26,937 38,782 68,059 3,075 83,855 5,034 12,207 817,366 46,027,403
— 3,874,609 — 37 777,710 — — — — — — 4,254,968 22,828,011
$
The accompanying Notes to the Financial Statements are an integral part of this statement.
53
$
$
