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Exhibit 4
<br />Cabarrus County, North Carolina
<br />Statement of Revenues, Expenditures, and Changes in Fund BalancesPage 1 of 2
<br />Governmental Funds
<br />For the Year Ended June 30, 2012
<br />MajorNon-Major
<br />OtherTotal
<br />Certificates ofQualified SchoolGovernmental Governmental
<br />GeneralParticipation 2009Construction BondsFundsFunds
<br />Revenues:
<br /> Ad valorem taxes131,847,712$ -$ -$ 2,941,761$ 134,789,473$
<br /> Other taxes and licenses34,360,229 - - - 34,360,229
<br /> Intergovernmental revenues20,400,743 - - 2,854,825 23,255,568
<br /> Permits and fees3,506,244 - - 2,283,683 5,789,927
<br /> Sales and services10,073,950 - - - 10,073,950
<br /> Investment earnings201,077 5,756 7,422 21,185 235,440
<br /> Donations- - - 390,239 390,239
<br /> Miscellaneous578,124 - - 11,343 589,467
<br /> Total revenues200,968,079 5,756 7,422 8,503,036 209,484,293
<br />Expenditures:
<br />Current:
<br /> General government20,080,809 - - 216,078 20,296,887
<br /> Public safety30,424,838 - - 3,271,559 33,696,397
<br /> Economic & physical development3,404,876 - - 389,284 3,794,160
<br /> Environmental protection321,619 - - 203,262 524,881
<br /> Human services35,935,100 - - 1,413,300 37,348,400
<br /> Education56,336,935 4,091,468 5,817,525 43,977 66,289,905
<br /> Culture and recreation3,350,015 - - 1,498,564 4,848,579
<br />Capital outlay:
<br /> Land and land improvements - - - 80,583 80,583
<br /> Building and building improvements 167,249 - - 693,188 860,437
<br /> Equipment and furniture 127,098 - - 930,810 1,057,908
<br /> Vehicles and motorized equipment 730,115 - - - 730,115
<br /> Construction in progress 290,864 - - 1,447,121 1,737,985
<br />Debt service:
<br /> Principal retirement 37,142,398 - - - 37,142,398
<br /> Interest and fees 19,041,682 - - - 19,041,682
<br /> Total expenditures 207,353,598 4,091,468 5,817,525 10,187,726 227,450,317
<br />Excess (deficiency) of revenues
<br /> over (under) expenditures (6,385,519) (4,085,712) (5,810,103) (1,684,690) (17,966,024)
<br />Other financing sources (uses):
<br />Transfers in 11,271,581 - - 5,012,146 16,283,727
<br />Transfers out (3,165,346) (5,858,411) - (9,259,970) (18,283,727)
<br />Limited Obligation Bonds issued 33,515,000 - - - 33,515,000
<br />Premium on Limited Obligation Bonds issued 4,215,250 - - - 4,215,250
<br />Disbursement for Refunded COPS (37,431,142) - - - (37,431,142)
<br />Capital Lease Obligation issued - - - 603,312 603,312
<br />Total other financing sources (uses) 8,405,343 (5,858,411) - (3,644,512) (1,097,580)
<br /> (5,810,103) (5,329,202) (19,063,604)
<br />Net change in fund balances 2,019,824(9,944,123)
<br />Fund balance, July 1 74,013,411 15,853,431 14,639,218 21,766,873 126,272,933
<br />Fund balance, June 30$ 76,033,235$ 5,909,308$ 8,829,115$ 16,437,671$ 107,209,329
<br />The notes to the financial statements are an integral part of this statement.
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