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Exhibit 7 <br />Page 1 of 2 <br />Cabarrus County, North Carolina <br />Statement of Revenues, Expenses, And Changes in Fund Net Assets <br />Proprietary Funds <br />For the Year Ended June 30, 2012 <br />Business-typeGovernmental <br />Activities-Activities- <br />LandfillInternal <br />Enterprise Service <br />FundFunds <br />Operating revenues: <br /> Charges for sales and services: <br />Tipping fees$ 704,647$ - <br />Insurance premiums/refunds -8,257,304 <br /> Total operating revenues 704,6478,257,304 <br />Operating expenses: <br />Administration: <br /> Salary and benefits: <br />Salaries and wages 209,495 - <br />FICA 5,870 - <br />Medicare 1,373 - <br />Group hospital insurance 35,459 - <br />Vision care 50 <br />Retirement 7,285 - <br />Deferred compensation- 401K 5,239 - <br />Insurance and bonds 1,834 - <br /> Total salaries and benefits 266,605 - <br /> Operations: <br /> General and administrative: <br /> Administrative fees -1,710,650 <br />Bank Service charges 2,019 - <br />Dues and subscriptions 283 - <br />Lights and power 4,567 - <br />Office supplies 1,397 - <br />Other operating cost 320 <br />Telephone 1,671 - <br />Travel 512 - <br />Uniforms 3,461 - <br /> Total general and administrative 14,2301,710,650 <br /> Other operational expenses: <br />Auto and truck maintenance 11,086 - <br />Building and ground maintenance 22,146 - <br />Building and equipment rental 36,190 <br />Carolina Governmental Alliance - 350,000 <br /> Claims -9,116,100 <br /> Contingency 2,182 <br /> Depreciation 351,174 - <br />Engineers 109,404 - <br />Fuel 58,355 - <br />Heavy equipment maintenance 48,805 - <br />Landfill disposal tax remittance40,622 - <br />32 <br />