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Cabarrus County, North Carolina
<br />Notes to the Financial Statements
<br />For the Year Ended June 30, 2011
<br />Less accumulated depreciation:
<br />Furniture and fixtures
<br />Vehicles
<br />Equipment
<br />Land Improvements
<br />Total accumulated depreciation
<br />Total governmental activities, being
<br />depreciated (net)
<br />Governmental Capital Assets, net
<br />F. Payables
<br />Beginning
<br />Ending
<br />Balance
<br />Increases
<br />Decreases
<br />Transfers Balance
<br />160,965
<br />2,912
<br />-
<br />- 163,877
<br />423,186
<br />22,367
<br />-
<br />- 445,553
<br />469,301
<br />71,508
<br />(103,965)
<br />- 436,844
<br />222,305
<br />40,034
<br />-
<br />- 262,339
<br />1,275,757
<br />136,821
<br />(103,965)
<br />- 1,308,613
<br />$ 504,281
<br />$ (65,681)
<br />$ -
<br />$ 286,514 $ 725,114
<br />$1,561,575
<br />$ (65,681)
<br />$(770,780)
<br />$ - $ 725,114
<br />Payables at the government -wide level for the Primary Government at June 30, 2011, were as follows:
<br />Salaries and
<br />Vendors Benefits Other Total
<br />Governmental Activities
<br />General $ 4,309,372 $ 2,336,455 $ 447,789 $ 7,093,616
<br />Certificates of Participation 2009 1,365,794 - - 1,365,794
<br />Other Governmental 598,962 4,166 100,000 703,128
<br />Total- governmental activities $ 6,274,128 $ 2,340,621 $ 547,789 $ 9,162,538
<br />Business -type activities
<br />Landfill $ 76,918 $ 12,755 $ - $ 89,673
<br />Payables at the government -wide level for the Cabarrus Health Alliance at June 30, 2011, were as follows:
<br />Salaries and
<br />Vendors Benefits Total
<br />Governmental Activities:
<br />General $ 723,888 $ 455,158 $1,179,046
<br />Total- governmental activities $ 723,888 $ 455,158 $1,179,046
<br />G. Closure and Postclosure Care Cost - Cabarrus County Landfill Facility
<br />Federal and state laws and regulations require Cabarrus County to place a final cover on its landfill facility when
<br />it stops accepting waste and to perform certain monitoring functions at the site for thirty years after closure.
<br />Although closure and postclosure care costs are typically paid near or after the date that the landfill stops
<br />accepting waste, the County reports an annual capital reserve operating expense as an estimate of these
<br />closure and postclosure care costs. Actual Costs may be higher due to inflation, changes in technology, or
<br />changes in regulations. The $3,573,272 reported as the landfill's closure and postclosure liability at June 30,
<br />2011 represents a cumulative amount reported to -date. This amount is based on what it would cost to perform
<br />all closure and postclosure care in Fiscal Year 2011. The change in the closure /postclosure liability from FY
<br />2010 to FY 2011 resulted in a net decrease of $418,993. The decrease is due to the use of funds for the
<br />closure of the C &D over MSW portion of the Landfill and annual monitoring expenses as required by the NC
<br />Department of Natural Resources.
<br />The County's liability is set aside for the closure and postclosure of the following:
<br />• The Municipal Solid Waste (MSW) reached capacity in 1997 and was covered in 1998.
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