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Schedule 29
<br />Cabarrus County, North Carolina
<br /> Certificates of Participation 2009 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 earnings165,576$ 161,877$ 5,756$ 167,633$
<br />Total revenues165,576 161,877 5,756 167,633
<br />Expenditures:
<br />Cost of Debt Issuance576,148 576,148 - 576,148
<br />Education
<br /> AT Allen Elementary 13,816,627 13,668,195 148,404 13,816,599
<br /> Hickory Ridge Middle21,357,637 21,228,723 128,914 21,357,637
<br /> Patriots Elementary12,569,278 12,463,458 105,820 12,569,278
<br /> Harold E. Winkler Middle23,171,817 21,145,860 2,025,957 23,171,817
<br /> Raging Ridge Road1,379,600 - 40,164 40,164
<br /> A L Brown High Addition/Renovation10,449,533 8,082,180 1,642,209 9,724,389
<br />Total Capital outlay 82,744,492 76,588,416 4,091,468 80,679,884
<br />Total expenditures83,320,640 77,164,564 4,091,468 81,256,032
<br />Excess (deficiency) of revenues over
<br /> (under) expenditures(83,155,064) (77,002,687) (4,085,712) (81,088,399)
<br />Other financing sources (uses):
<br />Issuance of debt - Certificates of Participation85,170,000 85,170,000 - 85,170,000
<br />Premium on issuance of Certificates of Participation2,292,584 2,292,584 - 2,292,584
<br />Transfer in - Capital Projects Fund5,639,943 5,639,943 - 5,639,943
<br />Transfer in - Special Revenue Fund5,115,855 5,115,855 - 5,115,855
<br />Transfer in - Capital Reserve Fund423,920 423,920 - 423,920
<br />Transfer (out) - General Fund(15,487,238) (5,786,184) (5,858,411) (11,644,595)
<br />Total other financing sources (uses)83,155,064 92,856,118 (5,858,411) 86,997,707
<br />$ 5,909,308
<br />Net change in fund balance-$ 15,853,431$ (9,944,123)
<br />Fund balance, July 1 15,853,431
<br />Fund balance, June 30$ 5,909,308
<br />122
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