AG 2010 12 20 - Laserfiche WebLink

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• Department of Social Services — due to economic conditions, there was an increase in revenue and expenses for funds received to support citizen's emergency and economic needs. -- $577,404 • • Economic Development Incentives — in order to expand development options and spur economic and growth opportunities, the County offers incentive grants to new and existing companies. As a result of unearned economic incentives grants disbursed to corporations decreased — ($724,957) • Fund Balance Appropriated — funding for capital projects and grants that were incomplete in the prior fiscal year (FY 2009) are brought into the new budget once the budget is closed by appropriating fund balance for the balance to be expended in the current fiscal year for capital projects. -- $1,895,031 • American Reinvestment and Recovery Act (ARRA) — grant funds were awarded to the departments of Aging. Community Development, Social Services, and Transportation in response to ARRA's mission to increase economic efficiency while preserving and creating jobs, investment in infrastructures, and assisting those impacted by the recession -- $836,119 At year -end, actual general fund revenues and transfers in exceeded final amended budget numbers by 1.04 %. Actual general fund expenditures and transfers out were less than final budgetary figures by 5.35 %, thus eliminating the need to draw upon existing fund balance. Proprietary Funds. Cabarrus County's proprietary funds provide the same type of information found in the government -wide statements but in more detail. The Landfill Fund is the County's sole Enterprise Fund. Net assets for the Landfill Fund decreased $1,016,354 during the fiscal year ended June 30, 2010. Due to economic times, Landfill tipping fees decreased $323,423 or 27.3% from the previous fiscal year. Annual Landfill Closure and Postclosure expenses increased $629,322 or 191.5 %. This increase is due to the expenses incurred in the closure /postclosure liability account for the close of the Construction and Demolition over Municipal Solid Waste Area. The increase in the annual transfer was required to move funds to adequately cover all future closure /postclosure expenses determined by the County's hired engineers. Capital Asset and Debt Administration Capital assets. Cabarrus County's investment in capital assets for its governmental and business —type activities as of June 30, 2010, totals $223,050,656 (net of accumulated depreciation). These assets include buildings, building improvements, land, land improvements, reservoir, equipment, furniture and fixtures, vehicles, and construction in progress. Major capital asset transactions during the year include: • Purchased 17 new vehicles for the Sheriff's department, 3 vehicles for General Services, 3 ambulances, 3 vehicles for Emergency Medical Services and 9 other vehicles in various departments. • Projects that have started but are not complete include a Public Safety Training Center and an Emergency Management Radio System. • Completed work for the construction on the Justice Administration Building and the Jail Annex. • Completed work for a comprehensive Law Enforcement package (OSSI E911), consisting of software and hardware. • Renovations were completed for the Courthouse, Historic Courthouse Roof, Camp Spencer Pool house/I m provements, Frank Liske Park Ballfield and Soccer Complex. 21 G -2 Page 507