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Cabarrus County, North Carolina
<br />Exhibit 4
<br />Statement of Revenues, Expenditures, and Changes in Fund Balances
<br />Page 1 of 2
<br />Governmental Funds
<br />For the Year Ended June 30, 2012
<br />Major
<br />Non -Major
<br />Other
<br />Total
<br />Certificates of
<br />Qualified School
<br />Governmental
<br />Governmental
<br />General
<br />Participation 2009
<br />Construction Bonds
<br />Funds
<br />Funds
<br />Revenues:
<br />Ad valorem taxes
<br />$ 131,847,712
<br />$ -
<br />$
<br />$ 2,941,761
<br />$ 134,789,473
<br />Other taxes and licenses
<br />34,360,229
<br />-
<br />34,360,229
<br />Intergovernmental revenues
<br />20,400,743
<br />2,854,825
<br />23,255,568
<br />Permits and fees
<br />3,506,244
<br />2,283,683
<br />5,789,927
<br />Sales and services
<br />10,073,950
<br />-
<br />-
<br />10,073,950
<br />Investment earnings
<br />201,077
<br />5,756
<br />7,422
<br />21,185
<br />235,440
<br />Donations
<br />-
<br />-
<br />-
<br />390,239
<br />390,239
<br />Miscellaneous
<br />578,124
<br />-
<br />11,343
<br />589,467
<br />Total revenues
<br />200,968,079
<br />5,756
<br />7,422
<br />8,503,036
<br />209,484,293
<br />Expenditures:
<br />Current:
<br />General government
<br />20,080,809
<br />-
<br />-
<br />216,078
<br />20,296,887
<br />Public safety
<br />30,424,838
<br />3,271,559
<br />33,696,397
<br />Economic & physical development
<br />3,404,876
<br />389,284
<br />3,794,160
<br />Environmental protection
<br />321,619
<br />203,262
<br />524,881
<br />Human services
<br />35,935,100
<br />-
<br />-
<br />1,413,300
<br />37,348,400
<br />Education
<br />56,336,935
<br />4,091,468
<br />5,817,525
<br />43,977
<br />66,289,905
<br />Culture and recreation
<br />3,350,015
<br />-
<br />-
<br />1,498,564
<br />4,848,579
<br />Capital outlay:
<br />Land and land improvements
<br />-
<br />80,583
<br />80,583
<br />Building and building improvements
<br />167,249
<br />693,188
<br />860,437
<br />Equipment and furniture
<br />127,098
<br />930,810
<br />1,057,908
<br />Vehicles and motorized equipment
<br />730,115
<br />-
<br />730,115
<br />Construction in progress
<br />290,864
<br />1,447,121
<br />1,737,985
<br />Debt service:
<br />Principal retirement
<br />37,142,398
<br />-
<br />37,142,398
<br />Interest and fees
<br />19,041,682
<br />-
<br />-
<br />19,041,682
<br />Total expenditures
<br />207,353,598
<br />4,091,468
<br />5,817,525
<br />10,187,726
<br />227,450,317
<br />Excess (deficiency) of revenues
<br />over (under) expenditures
<br />(6,385,519)
<br />(4,085,712)
<br />(5,810,103)
<br />(1,684,690)
<br />(17,966,024)
<br />Other financing sources (uses):
<br />Transfers in
<br />11,271,581
<br />5,012,146
<br />16,283,727
<br />Transfers out
<br />(3,165,346)
<br />(5,858,411)
<br />(9,259,970)
<br />(18,283,727)
<br />Limited Obligation Bonds issued
<br />33,515,000
<br />33,515,000
<br />Premium on Limited Obligation Bonds issued
<br />4,215,250
<br />4,215,250
<br />Disbursement for Refunded COPS
<br />(37,431,142)
<br />-
<br />(37,431,142)
<br />Capital Lease Obligation issued
<br />-
<br />603,312
<br />603,312
<br />Total other financing sources (uses)
<br />8,405,343
<br />(5,858,411)
<br />(3,644,512)
<br />(1,097,580)
<br />Net change in fund balances
<br />2,019,824
<br />(9,944,123)
<br />(5,810,103)
<br />(5,329,202)
<br />(19,063,604)
<br />Fund balance, July 1
<br />74,013,411
<br />15,853,431
<br />14,639,218
<br />21,766,873
<br />126,272,933
<br />Fund balance, June 30
<br />S 76,033,235
<br />S 5,909,308
<br />S 8,829,115
<br />S 16,437,671
<br />S 107,209,329
<br />The notes to the financial statements are an integral
<br />part of this statement.
<br />28
<br />Attachment number 1
<br />1 -3
<br />Page 283
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