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Cabarrus County, North Carolina
<br />Notes to the Financial Statements
<br />For the Year Ended June 30, 2012
<br />Capital asset activity for the year ended June 30, 2012:
<br />Beginning
<br />Balance Increases Decreases
<br />Business -type activities:
<br />Capital assets, not being depreciated:
<br />Land
<br />Construction in Progress
<br />Total Capital assets, not being depreciated
<br />Capital assets, being depreciated:
<br />Land Improvements
<br />Vehicles
<br />Equipment
<br />Buildings
<br />Building Improvements
<br />Total Capital assets, being depreciated:
<br />Less accumulated depreciation for:
<br />Land Improvements
<br />Vehicles
<br />Equipment
<br />Buildings
<br />Building Improvements
<br />Total Accumulated Depreciation
<br />Total Capital assets, being depreciated, net
<br />Proprietary Capital assets, net
<br />2. Construction commitments
<br />$ 490,447 $
<br />352,677 _
<br />843,124
<br />Ending
<br />Transfers Balance
<br />$ 490,447
<br />352,677
<br />843,124
<br />1,340,603
<br />-
<br />-
<br />- 1,340,603
<br />2,470,010
<br />-
<br />(25,615)
<br />- 2,444,395
<br />215,016
<br />-
<br />-
<br />- 215,016
<br />1,304,164
<br />-
<br />-
<br />- 1,304,164
<br />5,500
<br />-
<br />-
<br />- 5,500
<br />5,335,293
<br />-
<br />(25,615)
<br />- 5,309,678
<br />497,746
<br />76,375
<br />-
<br />- 574,121
<br />1,348,813
<br />237,382
<br />(17,930)
<br />- 1,568,265
<br />172,590
<br />22,606
<br />-
<br />- 195,196
<br />179,449
<br />32,604
<br />-
<br />- 212,053
<br />1,387
<br />137
<br />-
<br />- 1,524
<br />2,199,985
<br />369,104
<br />(17,930)
<br />- 2,551,159
<br />3,135,308
<br />(369,104)
<br />(7,685)
<br />- 2,758,519
<br />$ 3,978,432
<br />$ (369,104)
<br />$ (7,685) $
<br />- $ 3,601,643
<br />The government has active construction projects as of June 30, 2012. The projects include major equipment
<br />maintenance and roof replacement at seven schools, storm water improvements at one school and Court /Sheriff
<br />department renovation /improvements. At year -end, the government's commitments with contractors are as
<br />follows:
<br />Project
<br />Schools
<br />Courts and Sheriff's Admin Renovation
<br />Spent -To -Date
<br />$ 10,648,927
<br />1,309,470
<br />$ 11,958,397
<br />Remaining
<br />Commitment
<br />$ 2,016,019
<br />192,046
<br />$ 2,208,065
<br />54 Attachment number 1
<br />1 -3 Page 310
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