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Schedule 13
<br />Cabarrus County, North Carolina
<br />School Construction Capital Projects Fund
<br />Schedule of Revenues, Expenditures and Changes in Fund
<br />Balances - Budget and Actual
<br />From Inception and for the Year Ended June 30, 2012
<br />Actual
<br /> ProjectPriorCurrentTotal to
<br />AuthorizationYearsYearDate
<br />Revenues:
<br />Investment earnings924,202$ 924,202$ -$ 924,202$
<br />Total revenues924,202 924,202 - 924,202
<br />Expenditures:
<br />Cost of Debt Issuance1,159,875 1,159,875 - 1,159,875
<br />Capital outlay - education
<br /> AT Allen Elementary Renovations484,299 484,299 - 484,299
<br /> Cox Mill High 44,449,787 44,449,787 - 44,449,787
<br /> Bus Garage8,566,521 8,566,521 - 8,566,521
<br /> Hickory Ridge Middle4,016,850 4,016,850 - 4,016,850
<br /> Patriots Elementary468,965 468,965 - 468,965
<br /> Northwest Elementary3,500 3,500 - 3,500
<br /> Mt Pleasant Middle- - - -
<br /> A L Brown High Addition945,640 940,640 5,000 945,640
<br /> New Kannapols School2,883,828 2,883,828 - 2,883,828
<br />Total Capital outlay 61,819,390 61,814,390 5,000 61,819,390
<br />Total expenditures62,979,265 62,974,265 5,000 62,979,265
<br />Excess (deficiency) of revenues over
<br /> (under) expenditures(62,055,063) (62,050,063) (5,000) (62,055,063)
<br />Other financing sources (uses):
<br />Issuance of debt - Installment Financing7,305,000 7,305,000 - 7,305,000
<br />Issuance of debt - Certificates of Participation65,665,000 65,665,000 - 65,665,000
<br />Premium on issuance of Certificates of Participation2,596,482 2,596,482 - 2,596,482
<br />Transfer in - General Fund3,518,638 3,518,638 - 3,518,638
<br />Transfer in - Capital Projects Fund3,471,563 3,471,563 - 3,471,563
<br />Transfer in - Special Revenue Fund 1,000,000 1,000,000 - 1,000,000
<br />Transfer in - Capital Reserve Fund 7,246,3627,246,362 - 7,246,362
<br />Transfer (out) - General Fund (1,560,183) (975,492) (584,691) (1,560,183)
<br />Transfer (out) - Capital Reserve Fund (223,189) (223,189) - (223,189)
<br />Transfer (out) - Special Revenue Fund (700,764) (700,764) - (700,764)
<br />Disbursement for Refunding Installment Financing (7,305,000) (7,305,000) - (7,305,000)
<br />Disbursement to escrow agent (18,958,846) (18,958,846) - (18,958,846)
<br />Total other financing sources (uses) 62,055,063 62,639,754 (584,691) 62,055,063
<br />Net change in fund balance$ -$ 589,691 (589,691)$ -
<br />Fund balance, July 1 589,691
<br />Fund balance, June 30$ -
<br />94
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