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Cabarrus County, North Carolina
<br />Certificates of Participation 2009 Capital Projects Fund
<br />Schedule of Revenues, Expenditures and Changes in Fund
<br />Balances - Budget and Actual
<br />From Inception and for the Year Ended June 30, 2012
<br />Schedule 29
<br />122 Attachment number 1
<br />1 -3 Page 385
<br />Actual
<br />Project
<br />Prior
<br />Current
<br />Total to
<br />Authorization
<br />Years
<br />Year
<br />Date
<br />Revenues:
<br />Investment earnings
<br />$ 165,576
<br />$ 161,877
<br />$ 5,756
<br />$ 167,633
<br />Total revenues
<br />165,576
<br />161,877
<br />5,756
<br />167,633
<br />Expenditures:
<br />Cost of Debt Issuance
<br />576,148
<br />576,148
<br />-
<br />576,148
<br />Education
<br />AT Allen Elementary
<br />13,816,627
<br />13,668,195
<br />148,404
<br />13,816,599
<br />Hickory Ridge Middle
<br />21,357,637
<br />21,228,723
<br />128,914
<br />21,357,637
<br />Patriots Elementary
<br />12,569,278
<br />12,463,458
<br />105,820
<br />12,569,278
<br />Harold E. Winkler Middle
<br />23,171,817
<br />21,145,860
<br />2,025,957
<br />23,171,817
<br />Raging Ridge Road
<br />1,379,600
<br />-
<br />40,164
<br />40,164
<br />A L Brown High Addition /Renovation
<br />10,449,533
<br />8,082,180
<br />1,642,209
<br />9,724,389
<br />Total Capital outlay
<br />82,744,492
<br />76,588,416
<br />4,091,468
<br />80,679,884
<br />Total expenditures
<br />83,320,640
<br />77,164,564
<br />4,091,468
<br />81,256,032
<br />Excess (deficiency) of revenues over
<br />(under) expenditures
<br />(83,155,064)
<br />(77,002,687)
<br />(4,085,712)
<br />(81,088,399)
<br />Other financing sources (uses):
<br />Issuance of debt - Certificates of Participation
<br />85,170,000
<br />85,170,000
<br />85,170,000
<br />Premium on issuance of Certificates of Participation
<br />2,292,584
<br />2,292,584
<br />2,292,584
<br />Transfer in - Capital Projects Fund
<br />5,639,943
<br />5,639,943
<br />5,639,943
<br />Transfer in - Special Revenue Fund
<br />5,115,855
<br />5,115,855
<br />5,115,855
<br />Transfer in - Capital Reserve Fund
<br />423,920
<br />423,920
<br />423,920
<br />Transfer (out) - General Fund
<br />(15,487,238)
<br />(5,786,184)
<br />(5,858,411)
<br />(11,644,595)
<br />Total other financing sources (uses)
<br />83,155,064
<br />92,856,118
<br />(5,858,411)
<br />86,997,707
<br />Net change in fund balance
<br />$ -
<br />$ 15,853,431
<br />(9,944,123)
<br />$ 5,909,308
<br />Fund balance, July 1
<br />15,853,431
<br />Fund balance, June 30
<br />$ 5,909,308
<br />122 Attachment number 1
<br />1 -3 Page 385
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