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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 />Nonoperating revenues: <br />Business -type <br />Early retiree reinsurance program (EERP) <br />Activities - <br />Landfill disposal tax <br />Landfill <br />Landfill state tax distribution <br />Enterprise <br />Solid waste franchise fee <br />Fund <br />Minor equipment maintenance <br />210 <br />Minor office equipment <br />414 <br />Permitting fees <br />6,875 <br />Purchased service <br />96 <br />Service contracts <br />2,368 <br />Tire disposal <br />121,584 <br />Tools and minor equipment <br />1,710 <br />Waste disposal charges <br />2,912 <br />Total other operational expenses <br />816,133 <br />Total operating expenses <br />1,096,968 <br />Operating income (loss) <br />(392,321) <br />Nonoperating revenues: <br />Early retiree reinsurance program (EERP) <br />- <br />Landfill disposal tax <br />40,622 <br />Landfill state tax distribution <br />39,585 <br />Solid waste franchise fee <br />50,000 <br />Tire disposal fees <br />219,934 <br />Investment earnings <br />8,495 <br />Total nonoperating revenues <br />358,636 <br />Income or (loss) before nonoperating expenses and transfers (33,685) <br />Nonoperating expense - loss on disposal (25,615) <br />Transfers: <br />Transfer in - General Fund - <br />Change in net assets (59,300) <br />Total net assets, July 1 3,705,978 <br />Total net assets, June 30 $ 3,646,678 <br />The notes to the financial statements are an integral part of this statement. <br />33 <br />1 -3 <br />Exhibit 7 <br />Page 2 of 2 <br />Governmental <br />Activities - <br />Internal <br />Service <br />Funds <br />9,466,100 <br />11,176, 750 <br />(2,919,446) <br />96,067 <br />6,391 <br />102,458 <br />(2,816,988) <br />2,000,000 <br />(816,988) <br />3,086,479 <br />$ 2,269,491 <br />Attachment number 1 <br />Page 288 <br />