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Cabarrus County, North Carolina
<br />Notes to the Financial Statements
<br />For the Year Ended June 30, 2011
<br />4. Long -Term Obligation Activity
<br />The following is a summary of changes in the County's long -term obligations for the fiscal year ended June 30,
<br />2011:
<br />Governmental activities:
<br />General Obligation Bonds
<br />Plus: Premiums on issuance
<br />Total General Obligation Bonds
<br />Certificates of Participation
<br />Plus: Premiums on issuance
<br />Total Certificates of Participation
<br />Capital Leases
<br />Installment Financing
<br />Compensated absences
<br />Other postemployment benefits
<br />Unfunded Pension Cost
<br />Total governmental activities
<br />Business -type activities
<br />Compensated absences
<br />Other postemployment benefits
<br />Landill Closure/Post-Closure
<br />Total business -type activities
<br />Balance
<br />Balance
<br />Due Within
<br />July 1, 2010
<br />Increases
<br />Decreases
<br />June 30, 2011
<br />One Year
<br />$ 112,565,000
<br />$ -
<br />$ 6,905,000
<br />$ 105,660,000
<br />$ 6,965,000
<br />2,557,677
<br />-
<br />316,167
<br />2,241,510
<br />-
<br />115,122,677
<br />-
<br />7,221,167
<br />107,901,510
<br />6,965,000
<br />294,990,000
<br />33,555,000
<br />34,230,000
<br />294,315,000
<br />18,850,000
<br />6,856,620
<br />2,245,860
<br />637,954
<br />8,464,526
<br />-
<br />301,846,620
<br />35,800,860
<br />34,867,954
<br />302,779,526
<br />18,850,000
<br />3,282,345
<br />-
<br />179,724
<br />3,102,621
<br />65,895
<br />12,745,143
<br />-
<br />1,622,571
<br />11,122,572
<br />1,622,572
<br />3,030,385
<br />2,253,529
<br />2,133,205
<br />3,150,709
<br />2,520,567
<br />4,713,363
<br />2,505,334
<br />656,130
<br />6,562,567
<br />-
<br />212,897
<br />539,726
<br />412,065
<br />340,558
<br />-
<br />$ 440,953,430
<br />$ 41,099,449
<br />$ 47,092,816
<br />$ 434,960,063
<br />$ 30,024,034
<br />Balance
<br />Balance
<br />Due Within
<br />July 1, 2010
<br />Increases
<br />Decreases
<br />June 30, 2011
<br />One Year
<br />$ 36,104
<br />$ 24,090
<br />$ 27,581
<br />$ 32,613
<br />$ 26,090
<br />51,871
<br />19,756
<br />-
<br />71,627
<br />-
<br />Balance Balance Due Within
<br />July 1, 2010 Increases Decreases June 30, 2011 One Year
<br />Discretely presented component
<br />unit:
<br />Compensated absences $ 578,339 $ 504,744
<br />OPEB obligation 342,299 155,648
<br />Total discretely presented
<br />component unit $ 920,638 $ 660,392
<br />For governmental activities, compensated absences, OPEB and
<br />general fund. For business -type activities, compensated absences
<br />$ (535,840) $ 547,243 $ 536,298
<br />(47,660) 450,287 -
<br />$ (583,500) $ 997,530 $ 536,298
<br />unfunded pension cost are liquidated by the
<br />and OPEB are liquidated by the business -type
<br />61 Attachment number 1
<br />1 -3 Page 183
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