AG 2011 12 19 - Laserfiche WebLink

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$399,937 received from the federal government for Social Services Crisis Intervention Program. Funds are used for social service clients who are in need of emergency assistance to pay utilities. $ 172,000 in additional dollars Medicaid funds to provide additional transportation services for Medicaid clients. • NC Dept of Crime Control Grant: $190,000 Buffer zone Protection Grant received from the North Carolina Department of Crime Control and Public Safety to enhance emergency management and security at Charlotte Motor Speedway. • Refinancing of Debt: On September 22, 2010, the County refinanced all of the callable 2001 Certificates of Participation debt. The savings over the remaining 11 years totals $2,366,350 or 10.47 %. The overall yield is 2.390 %. The County will experience this savings over the next 10 years at an amount of approximately $235,000 per year. This transaction resulted in proceeds and premium in the amount of $21,163,703 with a required disbursement to the Bond trustee in the amount of $20,902,811. Proprietary Funds. Cabarrus County's proprietary funds provide the same type of information found in the government -wide statements but in more detail. The Landfill Fund is the County's sole Enterprise Fund. Net assets for the Landfill Fund decreased $56,081 during the fiscal year ended June 30, 2011. Due to economic times, Landfill tipping fees decreased $54,062 or 7% from the previous fiscal year. Capital Asset and Debt Administration Capital assets. Cabarrus County's investment in capital assets for its governmental and business —type activities as of June 30, 2011, totals $222,903,667 (net of accumulated depreciation). These assets include buildings, building improvements, land, land improvements, reservoir, equipment, furniture and fixtures, vehicles, and construction in progress. Major capital asset transactions during the year include: • Purchased 14 new vehicles for the Sheriff's department, 7 vehicles for General Services, 2 ambulances, 1 vehicle for Emergency Medical Services and 1 vehicle for the Department of Social Services. • Purchased a horse trailer for Animal Control, a medically equipped evacuation utility vehicle for Emergency Medical Services and a golf cart for the Fair Grounds. • Purchased and renovated premises for the Board of Elections. • Projects that have started but are not complete include a Jail Housing Unit, Arena storage facility, Concord Library expansion, Landfill expansion and soccer complex improvements. • Completed projects include a Library Automation system and a Transportation Mobile Data System. • Renovations were completed for the Governmental Center, Firing Range, Emergency Medical Services and Mt. Pleasant Library. • Purchased a Caterpillar bulldozer and Bobcat skid steer for Landfill operations. 22 Attachment number 1 1 -3 Page 142