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Cabarrus County, North Carolina
<br />Certificates of Participation 2009 Capital Projects Fund
<br />Schedule of Revenues, Expenditures and Changes in Fund
<br />Balances - Budget and Actual
<br />From Inception and for the Year Ended June 30, 2011
<br />Schedule 32
<br />124 Attachment number 1
<br />1 -3 Page 252
<br />Actual
<br />Project
<br />Prior
<br />Current
<br />Total to
<br />Authorization
<br />Years
<br />Year
<br />Date
<br />Revenues:
<br />Investment earnings
<br />$ 111,323
<br />$ 125,654
<br />$ 36,223
<br />$ 161,877
<br />Total revenues
<br />111,323
<br />125,654
<br />36,223
<br />161,877
<br />Expenditures:
<br />Cost of Debt Issuance
<br />706,325
<br />576,148
<br />-
<br />576,148
<br />Capital outlay - education
<br />AT Allen Elementary
<br />13,870,427
<br />11,200,128
<br />2,468,067
<br />13,668,195
<br />Hickory Ridge Middle
<br />22,683,528
<br />16,279,420
<br />4,949,303
<br />21,228,723
<br />Patriots Elementary
<br />12,675,219
<br />10,200,052
<br />2,263,406
<br />12,463,458
<br />Harold E. Winkler Middle
<br />25,589,855
<br />14,815,244
<br />6,330,616
<br />21,145,860
<br />A L Brown High Addition /Renovation
<br />10,449,532
<br />2,791,345
<br />5,290,835
<br />8,082,180
<br />Total Capital outlay
<br />85,268,561
<br />55,286,189
<br />21,302,227
<br />76,588,416
<br />Total expenditures
<br />85,974,886
<br />55,862,337
<br />21,302,227
<br />77,164,564
<br />Excess (deficiency) of revenues over
<br />(under) expenditures
<br />(85,863,563)
<br />(55,736,683)
<br />(21,266,004)
<br />(77,002,687)
<br />Other financing sources (uses):
<br />Issuance of debt - Certificates of Participation
<br />85,170,000
<br />85,170,000
<br />85,170,000
<br />Premium on issuance of Certificates of Participation
<br />2,292,584
<br />2,292,584
<br />2,292,584
<br />Transfer in - Capital Projects Fund
<br />5,639,943
<br />5,639,943
<br />5,639,943
<br />Transfer in - Special Revenue Fund
<br />5,115,855
<br />5,115,855
<br />5,115,855
<br />Transfer in - Capital Reserve Fund
<br />423,920
<br />423,920
<br />423,920
<br />Transfer (out) - General Fund
<br />(12,778,739)
<br />(1,818,515)
<br />(3,967,669)
<br />(5,786,184)
<br />Total other financing sources (uses)
<br />85,863,563
<br />96,823,787
<br />(3,967,669)
<br />92,856,118
<br />Net change in fund balance
<br />$ -
<br />$ 41,087,104
<br />(25,233,673)
<br />$ 15,853,431
<br />Fund balance, July 1
<br />41,087,104
<br />Fund balance, June 30
<br />$ 15,853,431
<br />124 Attachment number 1
<br />1 -3 Page 252
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