The following information is available concerning the financial activities of the City of New York...
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Accounting
The following information is available concerning the financial activities of the City of New York for fiscal 2016 (in millions):
| Net change in fund balances-governmental funds | $ (1,370) |
| Depreciation expense on general capital assets | 3,353 |
| Revenues of governmental funds that do not provide current financial resources | 11,832 |
| Repayments of principal on general long-term debt | 5,676 |
| Proceeds from issuance of general long-term debt | 7,382 |
| Expenses of governmental funds, other than depreciation, not requiring current financial resources | 585 |
| Capital outlays-governmental funds | 5,193 |
| Net increase in pension and OPEB liabilities | 15,641 |
The fiscal 2016 change in net positiongovernmental activities is (in millions)
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