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Cabarrus County, North Carolina
<br />Exhibit 4
<br />Statement of
<br />Revenues, Expenditures, and Changes in Fund
<br />Balances
<br />Page 1 of 2
<br />Governmental
<br />Funds
<br />For the Year
<br />Ended June 30, 2011
<br />Major
<br />Non -Major
<br />Other
<br />Total
<br />Certificates of
<br />Qualified School
<br />Governmental
<br />Governmental
<br />General
<br />Participation 2009 Construction
<br />Bonds
<br />Funds
<br />Funds
<br />Revenues:
<br />Ad valorem taxes
<br />$ 133,565,453
<br />$ - $
<br />$ 2,604,209
<br />$136,169,662
<br />Other taxes and licenses
<br />26,451,032
<br />-
<br />26,451,032
<br />Intergovernmental revenues
<br />20,127,954
<br />635,481
<br />20,763,435
<br />Permits and fees
<br />2,779,814
<br />1,973,279
<br />4,753,093
<br />Sales and services
<br />10,310,115
<br />-
<br />-
<br />10,310,115
<br />Investment earnings
<br />186,819
<br />36,223
<br />2,061
<br />35,913
<br />261,016
<br />Donations
<br />-
<br />-
<br />-
<br />186,638
<br />186,638
<br />Miscellaneous
<br />501,219
<br />-
<br />-
<br />13,285
<br />514,504
<br />Total revenues
<br />193,922,406
<br />36,223
<br />2,061
<br />5,448,805
<br />199,409,495
<br />Expenditures:
<br />Current:
<br />General government
<br />19,073,497
<br />-
<br />-
<br />268,750
<br />19,342,247
<br />Public safety
<br />28,119,496
<br />2,994,794
<br />31,114,290
<br />Economic & physical development
<br />2,771,997
<br />299,763
<br />3,071,760
<br />Environmental protection
<br />215,106
<br />303,904
<br />519,010
<br />Human services
<br />35,762,121
<br />-
<br />142,668
<br />35,904,789
<br />Education
<br />55,554,062
<br />21,302,227
<br />607,930
<br />77,464,219
<br />Culture and recreation
<br />3,553,681
<br />-
<br />1,257,593
<br />4,811,274
<br />Capital outlay:
<br />Land and land improvements
<br />-
<br />-
<br />-
<br />Building and building improvements
<br />165,797
<br />856,134
<br />1,021,931
<br />Equipment and furniture
<br />317,181
<br />-
<br />317,181
<br />Vehicles and motorized equipment
<br />513,259
<br />18,601
<br />531,860
<br />Construction in progress
<br />1,310,885
<br />3,340,049
<br />4,650,934
<br />Debt service:
<br />Principal retirement
<br />22,937,295
<br />-
<br />22,937,295
<br />Interest and fees
<br />19,709,229
<br />-
<br />19,709,229
<br />Total expenditures
<br />190,003,606
<br />21,302,227
<br />-
<br />10,090,186
<br />221,396,019
<br />Excess (deficiency) of revenues
<br />over(under)expenditures
<br />3,918,800
<br />(21,266,004)
<br />2,061
<br />(4,641,381)
<br />(21,986,524)
<br />Other financing sources (uses):
<br />Transfers in
<br />6,086,188
<br />-
<br />1,456,067
<br />7,542,255
<br />Transfers out
<br />(1,908,407)
<br />(3,967,669)
<br />-
<br />(2,586,179)
<br />(8,462,255)
<br />Certificates of Participation issued
<br />18,920,000
<br />14,635,000
<br />33,555,000
<br />Premium on Certificates of Participation issued
<br />2,243,703
<br />2,157
<br />2,245,860
<br />Disbursement for Refunding COPS
<br />(20,902,811)
<br />-
<br />(20,902,811)
<br />Total other financing sources (uses)
<br />4,438,673
<br />(3,967,669)
<br />14,637,157
<br />(1,130,112)
<br />13,978,049
<br />Net change in fund balances
<br />8,357,473
<br />(25,233,673)
<br />14,639,218
<br />(5,771,493)
<br />(8,008,475)
<br />Fund balance, July 1
<br />65,655,938
<br />41,087,104
<br />-
<br />27,538,366
<br />134,281,408
<br />Fund balance, June 30
<br />$ 74,013,411
<br />$ 15,853,431 $
<br />14.639.218
<br />$ 21.766.873
<br />$126.272.933
<br />The notes to the financial statements are an integral
<br />part of this statement.
<br />28
<br />Attachment number 1
<br />1 -3
<br />Page 149
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