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Schedule 24
<br />Cabarrus County, North Carolina
<br />Self Insured Hospitalization Internal Service Fund
<br />Schedule of Revenues and Expenditures - Financial Plan & Actual (Non-GAAP)
<br />For the Year Ended June 30, 2012
<br />Variance
<br />FinancialFavorable
<br />PlanActual(Unfavorable)
<br />Revenues:
<br /> Operating revenues:
<br />Insurance premiums8,094,389$ 8,137,288$ 42,899$
<br />Insurance refunds119,341 120,016 675
<br />Total operating revenues8,213,730 8,257,304 43,574
<br /> Nonoperating revenues:
<br />Early retiree reinsurance program grant (ERRP)96,066 96,067 1
<br />Investment earnings10,500 6,391 (4,109)
<br />Total nonoperating revenues106,566 102,458 (4,108)
<br />Total revenues8,320,296 8,359,762 39,466
<br />Expenditures:
<br />General and administrative1,738,968 1,710,650 28,318
<br />Claims9,073,787 9,116,100 (42,313)
<br />Total expenditures10,812,755 10,826,750 (13,995)
<br />Revenues over (under) expenditures(2,492,459) (2,466,988) 25,471
<br />Transfers:
<br /> Transfers in - General Fund2,000,000 2,000,000 -
<br />Revenues and transfers over (under) expenditures(492,459) (466,988) 25,471
<br />Fund Balance Appropriated492,459 - (492,459)
<br />Revenues over (under) expenditures-$ (466,988) (466,988)$
<br />Change in net assets(466,988)$
<br />106
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