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<br />The notes to the financial statements are an integral part of this statement
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<br />Exhibit 2
<br />Cabarrus County, North Carolina
<br />Statement of Activities
<br />For the Year Ended
<br />June 30, 2011
<br />Program Revenues
<br />Net (Expense) Revenue and Changes in Net Assets
<br />Operating
<br />Capital
<br />Primary Government
<br />Charges for
<br />Grants and
<br />Grants and
<br />Governmental
<br />Business -Type
<br />Component
<br />Expenses
<br />Services
<br />Contributions
<br />Contributions
<br />Activities
<br />Activities
<br />Total
<br />Unit
<br />Function /Program Activities
<br />Primary Government:
<br />Governmental Activities:
<br />General government
<br />$ 21,750,176
<br />$ 2,253,561
<br />$ 1,286,545
<br />$
<br />$ (18,210,070)
<br />$
<br />$ (18,210,070) $
<br />Public safety
<br />36,043,142
<br />8,883,156
<br />906,658
<br />(26,253,328)
<br />(26,253,328)
<br />Econ. & physical development
<br />3,128,710
<br />52,364
<br />953,047
<br />(2,123,299)
<br />(2,123,299)
<br />Environmental protection
<br />619,639
<br />928
<br />32,085
<br />(586,626)
<br />(586,626)
<br />Human services
<br />38,015,497
<br />3,189,986
<br />16,857,848
<br />285,158
<br />(17,682,505)
<br />(17,682,505)
<br />Education
<br />77,221,156
<br />477,517
<br />-
<br />258,938
<br />(76,484,701)
<br />(76,484,701)
<br />Culture and recreation
<br />6,161,896
<br />1,140,124
<br />533,322
<br />-
<br />(4,488,450)
<br />(4,488,450)
<br />Interest on long -term debt
<br />19,633,769
<br />-
<br />-
<br />(19,633,769)
<br />(19,633,769)
<br />Total governmental activities
<br />202,573,985
<br />15,997,636
<br />20,569,505
<br />544,096
<br />(165,462,748)
<br />(165,462,748)
<br />Business -Type Activities:
<br />Solid Waste
<br />1,312,509
<br />858,132
<br />21,368
<br />23,740
<br />(409,269)
<br />(409,269)
<br />Total business -type activities
<br />1,312,509
<br />858,132
<br />21,368
<br />23,740
<br />(409,269)
<br />(409,269)
<br />Total primary government
<br />$ 203,886,494
<br />$ 16,855,768
<br />$ 20,590,873
<br />$ 567,836
<br />(165,462,748)
<br />(409,269)
<br />(165,872,017)
<br />Component Unit:
<br />Cabarrus Health Alliance
<br />$ 19,678,636
<br />$ 6,887,656
<br />$ 4,147,720
<br />$ 8,530,342
<br />-
<br />-
<br />(112,918)
<br />General Revenues:
<br />Property taxes
<br />136,733,389
<br />136,733,389
<br />Local option sales tax
<br />25,808,696
<br />25,808,696
<br />ABC revenues
<br />188,594
<br />-
<br />188,594
<br />Other taxes and licenses
<br />642,337
<br />343,908
<br />986,245
<br />-
<br />Investment earnings
<br />1,019,648
<br />8,205
<br />1,027,853
<br />4,479
<br />Donations
<br />221,538
<br />-
<br />221,538
<br />-
<br />Miscellaneous
<br />21,588
<br />1,075
<br />22,663
<br />167,482
<br />Total general revenues
<br />164,635,790
<br />353,188
<br />164,988,978
<br />171,961
<br />Change in net assets
<br />(826,958)
<br />(56,081)
<br />(883,039)
<br />59,043
<br />Net assets - July 1
<br />(78,928,543)
<br />3,762,059
<br />(75,166,484)
<br />8,030,867
<br />Net assets - June 30
<br />$ (79,755,501)
<br />$ 3,705,978
<br />$ (76,049,523) $
<br />8,089,910
<br />The notes to the financial statements are an integral part of this statement
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