Cabarrus County Comprehensive Annual Financial Report

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Fiduciary Funds Agency Funds are used to account for assets held by the County as an agent for individuals, private organizations, other governments, and /or other funds Department of Social Services Agency Fund is used to account for money deposited with the County through the social services department under a program which manages the financial affairs of persons unable or incapable of managing them on their own. Work Over Welfare Agency Fund accounts for monies held by the Department of Social Services as an agent for various individuals who are participating in a work program in lieu of receiving AFDC /Food Stamps. Charitable Campaign Agency Fund is used to account for money County employees contribute through annual one time giving and through payroll deductions for the purpose of distribution to charitable non - profit agencies in our area. One hundred percent of the money collected is distributed to the charitable non - profit agencies. Undistributed Taxes Agency Fund is used to accumulate collected property taxes before they are distributed to local municipalities. Intergovernmental Agency Fund is used to accumulate fines and forfeitures before they are distributed to the local School Boards; accounts for the accumulation of the three percent interest on the first month of delinquent motor vehicle taxes that the County is required to remit to the North Carolina Department of Motor Vehicles; and accounts for the accumulation of Register of Deeds fees that the County is required to remit to the State of North Carolina. Jail Commissary Agency Fund is used to account for an inmates money deposited with the County when an inmate is housed at the County Jail. The money can be used by the inmate to purchase commissary items. Any unused monies are returned to the inmate upon their release. Sheriff Civil Agency Fund is used to account for collections of civil writs from citizens prior to distribution to plaintiff. Trust funds account for assets held by the government under the terms of a formal trust agreement Kevin Pugh Private Purpose Trust Fund is used to account for a donation given in memory of Sheriff Deputy Kevin Pugh. Disbursements are made to a rookie officer and a veteran officer each year. This program was discontinued and the fund was closed as of June 30, 2011. Foster Care Scholarship Private Purpose Trust Fund is used for the purpose of collecting and disbursing contributions and private donations received for special programs for Foster Children. Special Separation Allowance Pension Trust Fund accounts for the Law Enforcement Officers' Special Separation Allowance, a single - employer, public employee retirement system.