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Cabarrus County, North Carolina
<br />Statement of Revenues, Expenses, And Changes in Fund Net Assets
<br />Proprietary Funds
<br />For the Year Ended June 30, 2011
<br />Business -type
<br />Nonoperating revenues:
<br />Activities -
<br />Early retiree reinsurance program (EERP)
<br />Landfill
<br />Gain on sale of capital assets
<br />Enterprise
<br />Landfill disposal tax
<br />Fund
<br />Landfill disposal tax remittance
<br />47,737
<br />Minor equipment maintenance
<br />74
<br />Minor office equipment
<br />184
<br />Permitting fees
<br />7,830
<br />Purchased service
<br />50,269
<br />Recycling program
<br />19,399
<br />Service contracts
<br />2,747
<br />Tire disposal
<br />90,376
<br />Tools and minor equipment
<br />5,544
<br />Waste disposal charges
<br />2,289
<br />Total other operational expenses
<br />796,614
<br />Total operating expenses
<br />1,312,509
<br />Operating income (loss)
<br />(454,377)
<br />Nonoperating revenues:
<br />Early retiree reinsurance program (EERP)
<br />-
<br />Gain on sale of capital assets
<br />1,075
<br />Landfill disposal tax
<br />47,737
<br />Landfill state tax distribution
<br />38,217
<br />Recycling grant
<br />21,368
<br />Solid waste franchise fee
<br />-
<br />Tire disposal fees
<br />206,186
<br />White goods disposal tax
<br />51,768
<br />Investment earnings
<br />8,205
<br />Total nonoperating revenues
<br />374,556
<br />Income or (loss) before capital contributions and transfers
<br />(79,821)
<br />Capital contributions
<br />23,740
<br />Transfers:
<br />Transfer in - General Fund
<br />-
<br />Change in net assets
<br />I . IA I
<br />Total net assets, July 1 3,762,059
<br />Total net assets, June 30 $ 3,705,978
<br />The notes to the financial statements are an integral part of this statement.
<br />33
<br />1 -3
<br />Exhibit 7
<br />Page 2 of 2
<br />Governmental
<br />Activities -
<br />Internal
<br />Service
<br />Funds
<br />8,300,878
<br />9,877,106
<br />(2,153,774)
<br />87,149
<br />12,633
<br />99,782
<br />(2,053,992)
<br />920,000
<br />(1,133,992)
<br />4,220,471
<br />$ 3,086,479
<br />Attachment number 1
<br />Page 154
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