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The notes to the financial statements are an integral part of this statement.
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<br />Exhibit 4
<br />Page 1 of 2
<br />Cabarrus County, North Carolina
<br />Statement of Revenues, Expenditures, and Changes in Fund Balances
<br />Governmental Funds
<br />For the Year Ended June 30, 2010
<br />Major
<br />Non -Major
<br />Other
<br />Total
<br />Justice Center
<br />Certificates of
<br />Governmental
<br />Governmental
<br />General
<br />Construction Participation 2009
<br />Funds
<br />Funds
<br />Revenues:
<br />Ad valorem taxes
<br />$ 133,990,035
<br />$ $
<br />$ 2,542,509
<br />$136,532,544
<br />Other taxes and licenses
<br />29,130,858
<br />-
<br />29,130,858
<br />Intergovernmental revenues
<br />21,513,380
<br />6,509,525
<br />28,022,905
<br />Permits and fees
<br />3,166,656
<br />2,100,887
<br />5,267,543
<br />Sales and services
<br />10,600,602
<br />-
<br />10,600,602
<br />Investment earnings
<br />211,318
<br />46,423
<br />125,654
<br />46,070
<br />429,465
<br />Donations
<br />-
<br />-
<br />-
<br />108,709
<br />108,709
<br />Miscellaneous
<br />451,766
<br />10,348
<br />462,114
<br />Total revenues
<br />199,064,615
<br />46,423
<br />125,654
<br />11,318,048
<br />210,554,740
<br />Expenditures:
<br />Current:
<br />General government
<br />18,906,981
<br />-
<br />-
<br />177,931
<br />19,084,912
<br />Public safety
<br />26,021,246
<br />131,722
<br />3,048,303
<br />29,201,271
<br />Economic & physical development
<br />2,774,767
<br />-
<br />392,146
<br />3,166,913
<br />Environmental protection
<br />230,374
<br />242,569
<br />472,943
<br />Human services
<br />39,297,833
<br />-
<br />120,472
<br />39,418,305
<br />Education
<br />54,787,057
<br />55,862,337
<br />8,813,012
<br />119,462,406
<br />Culture and recreation
<br />4,149,189
<br />-
<br />1,418,484
<br />5,567,673
<br />Capital outlay:
<br />Land and land improvements
<br />32,564
<br />55,894
<br />88,458
<br />Building and building improvements
<br />487,979
<br />33,858
<br />521,837
<br />Equipment and furniture
<br />608,866
<br />50,328
<br />659,194
<br />Vehicles and motorized equipment
<br />995,180
<br />-
<br />68,293
<br />1,063,473
<br />Construction in progress
<br />1,147,401
<br />27,253,045
<br />927,241
<br />29,327,687
<br />Debt service:
<br />Principal retirement
<br />20,133,541
<br />-
<br />-
<br />20,133,541
<br />Interest and fees
<br />17,991,288
<br />17,991,288
<br />Total expenditures
<br />187,564,266
<br />27,384,767
<br />55,862,337
<br />15,348,531
<br />286,159,901
<br />Excess (deficiency) of revenues
<br />over (under) expenditures
<br />11,500,349
<br />(27,338,344)
<br />(55,736,683)
<br />(4,030,483)
<br />(75,605,161)
<br />Other financing sources (uses):
<br />Transfers in
<br />5,495,388
<br />11,179,718
<br />6,467,545
<br />23,142,651
<br />Transfers out
<br />(2,678,592)
<br />(2,637,597)
<br />(1,818,515)
<br />(18,007,947)
<br />(25,142,651)
<br />Certificates of Participation issued
<br />85,170,000
<br />85,170,000
<br />Premium on Certificates of Participation
<br />issued -
<br />2,292,584
<br />2,292,584
<br />Total other financing sources (uses)
<br />2,816,796
<br />(2,637,597)
<br />96,823,787
<br />(11,540,402)
<br />85,462,584
<br />Net change in fund balances
<br />14,317,145
<br />(29,975,941)
<br />41,087,104
<br />(15,570,885)
<br />9,857,423
<br />Fund balance, July 1
<br />51,338,793
<br />36,423,615
<br />-
<br />36,661,577
<br />124,423,985
<br />Fund balance, June 30
<br />$ 65,655,938
<br />$ 6,447,674 $
<br />41,087,104
<br />$21,090,692
<br />$134,281,408
<br />The notes to the financial statements are an integral part of this statement.
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<br />G -2 Page 515
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