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Cabarrus County, North Carolina
<br />Notes to the Financial Statements
<br />For the Year Ended June 30, 2012
<br />L. Interfund Balances and Activity
<br />Transactions between funds are accounted for as follows:
<br />1) Transactions which would be treated as revenues, expenditures, or expenses if they involved
<br />organizations external to the County are recorded as revenues, expenditures or expenses in
<br />the appropriate funds.
<br />2) Transactions which are reimbursements to a fund for expenditures or expenses initially made
<br />from it that are properly applicable to another fund are recorded as expenditures or expenses
<br />in the reimbursing fund and as reductions of the expenditures or expenses in the appropriate
<br />funds.
<br />3) All transactions other than those in 1) and 2) above are recorded as transfers.
<br />The composition of interfund balances as of June 30, 2012 is as follows:
<br />Transfers to and from other funds at June 30, 2012 consists of the following:
<br />To the General Fund from the Parks & Recreation Special Revenue
<br />Fund for the completion /close out of the Special Revenue Fund. $93
<br />To the General Fund from the Small Project Capital Projects Fund for
<br />the completion /close out of the HAVA Stop Grant program. 7,246
<br />To the General Fund from the Emergency Telephone System Special
<br />Revenue Fund for debt service payment. 136,623
<br />To the General Fund from the Emergency Telephone System Special
<br />Revenue Fund for the salary and benefits of a GIS mapping
<br />employee. 77,513
<br />To the General Fund from the Justice Center Construction Capital
<br />Projects Fund for debt service payment. 213,208
<br />To the General Fund from the Justice Center Construction Capital
<br />Projects Fund for completion /close out of the Housing Unit project. 785,821
<br />To the General Fund from the Construction and Renovation Capital
<br />Projects Fund for the completion /close out of the Mini Governmental
<br />Complex project. 1,738,723
<br />To the General Fund from the School Construction Capital Projects
<br />Fund for the completion /close out of school projects. 584,691
<br />64 Attachment number 1
<br />1 -3 Page 320
<br />Transfers In
<br />Total Transfers Out
<br />Non
<br />Internal
<br />General
<br />Major
<br />Service
<br />General
<br />$ -
<br />$ 1,165,346
<br />$ 2,000,000
<br />$ 3,165,346
<br />Certificates of Part 2009
<br />5,858,411
<br />-
<br />-
<br />5,858,411
<br />Non -Major
<br />5,413,170
<br />3,846,800
<br />-
<br />9,259,970
<br />Landfill Enterprise Fund
<br />25,615
<br />-
<br />-
<br />25,615
<br />Total
<br />$ 11,297,196
<br />$ 5,012,146
<br />$ 2,000,000
<br />$ 18,309,342
<br />Transfers to and from other funds at June 30, 2012 consists of the following:
<br />To the General Fund from the Parks & Recreation Special Revenue
<br />Fund for the completion /close out of the Special Revenue Fund. $93
<br />To the General Fund from the Small Project Capital Projects Fund for
<br />the completion /close out of the HAVA Stop Grant program. 7,246
<br />To the General Fund from the Emergency Telephone System Special
<br />Revenue Fund for debt service payment. 136,623
<br />To the General Fund from the Emergency Telephone System Special
<br />Revenue Fund for the salary and benefits of a GIS mapping
<br />employee. 77,513
<br />To the General Fund from the Justice Center Construction Capital
<br />Projects Fund for debt service payment. 213,208
<br />To the General Fund from the Justice Center Construction Capital
<br />Projects Fund for completion /close out of the Housing Unit project. 785,821
<br />To the General Fund from the Construction and Renovation Capital
<br />Projects Fund for the completion /close out of the Mini Governmental
<br />Complex project. 1,738,723
<br />To the General Fund from the School Construction Capital Projects
<br />Fund for the completion /close out of school projects. 584,691
<br />64 Attachment number 1
<br />1 -3 Page 320
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