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Schedule 28
<br />Page 10 of 10
<br />Cabarrus County, North Carolin
<br />a
<br />General Fund
<br />Schedule of Revenues, Expenditures and
<br />Changes in Fund Balance - Budget and Actual
<br />For the year ended June 30, 2012
<br />ariance
<br />V
<br />FinalPositive
<br />ctual(Negative)
<br />BudgetA
<br />Installment Financing 440,634446,887 6,253
<br />Lease Financing151,797 151,797 -
<br />Bank service charges334,108 310,061 24,047
<br />Total19,278,448 19,041,682 236,766
<br />Total Debt Service
<br /> 56,184,08056,420,847 236,767
<br />Total expenditures
<br /> 207,353,598215,516,038 8,162,440
<br />Excess (deficiency) of revenues
<br />over (under) expenditures(23,901,264) (6,385,519) 17,515,745
<br />Other financing sources (uses)
<br />Transfers in:
<br />From Special Revenue 93 93 -
<br />From Emergency Telephone Fund214,136 214,136 -
<br />From Capital Projects Fund3,809,334 3,485,386 (323,948)
<br />From Capital Projects Fund-Lottery1,713,555 1,713,555
<br />From Cert of Participation 2009 Fund5,858,335 5,858,411 76
<br />Total11,595,453 11,271,581 (323,872)
<br />Transfers (out):
<br />To Community Dev Grant Fund(30,000) (30,000) -
<br />To Capital Projects Fund(510,000) (510,000) -
<br />To Cabarrus Arena & Events Fund(734,698) (625,346) 109,352
<br />To Internal Service Fund(2,000,000) (2,000,000) -
<br />Total(3,274,698) (3,165,346) 109,352
<br />Total net transfers 8,320,755 8,106,235 (214,520)
<br />Proceeds from Limited Obligation Bonds33,515,000 33,515,000 -
<br />Premium from Limited Obligation Bonds4,215,250 4,215,250 -
<br />Disbursements for Refunded COPS(37,431,142) (37,431,142) -
<br />Total299,108 299,108 -
<br />Fund balance appropriated15,281,401 - (15,281,401)
<br />Total other financing sources (uses)
<br />23,901,264 8,405,343 (15,495,921)
<br />Net change in fund balance$-2,019,824$ 2,019,824
<br />Fund balance, July 1 74,013,411
<br />Fund balance, June 30$76,033,235
<br />121
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