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Cabarrus County, North Carolina
<br />Notes to the Financial Statements
<br />For the Year Ended June 30, 2010
<br />L. Interfund Balances and Activity
<br />Transactions between funds are accounted for as follows:
<br />1) Transactions which would be treated as revenues, expenditures, or expenses if they involved
<br />organizations external to the County are recorded as revenues, expenditures or expenses in
<br />the appropriate funds.
<br />2) Transactions which are reimbursements to a fund for expenditures or expenses initially made
<br />from it that are properly applicable to another fund are recorded as expenditures or expenses
<br />in the reimbursing fund and as reductions of the expenditures or expenses in the appropriate
<br />funds.
<br />3) All transactions other than those in 1) and 2) above are recorded as transfers.
<br />The composition of interfund balances as of June 30, 2010 is as follows:
<br />Transfers In
<br />Total Transfers Out
<br />Internal
<br />Service
<br />$ 2,000,000
<br />$ 2,000,000
<br />$ 2,678,592
<br />2,637,597
<br />1,818,515
<br />18,007,947
<br />$ 25,142,651
<br />Transfers to /from other funds at June 30, 2010 consists of the following:
<br />To the General Fund from the Sheriff's Department Special Revenue Fund for
<br />expenditures related to the Highway Safety program. $16,551
<br />To the General Fund from the Capital Reserve Special Revenue Fund for the
<br />Courthouse renovations. 353,355
<br />To the General Fund from the Capital Reserve Special Fund for replacement of
<br />the Historic Courthouse roof. 700,000
<br />To the General Fund from the Capital Reserve Special Revenue Fund for
<br />purchase of Department of Social Service Software. 500,000
<br />To the General Fund from the Certificates of Participation 2009 Construction
<br />Fund for debt service payments. 1,818,515
<br />To the General Fund from the 911 Emergency Special Revenue Fund for the
<br />salary and benefits of a GIS mapping employee. 72,816
<br />To the General Fund from the Justice Center Capital Projects Fund for debt
<br />service payments. 988,139
<br />To the General Fund from the School Construction Capital Projects Fund for
<br />debt service payments. 973,217
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<br />G -2 Page 548
<br />Certificates of
<br />Non
<br />General
<br />Participation 2009
<br />Maior
<br />General $
<br />-
<br />$ - $
<br />678,592
<br />Justice Center
<br />988,139
<br />-
<br />1,649,458
<br />Certificates of Part 2009
<br />1,818,515
<br />-
<br />-
<br />Non -Major
<br />2,688,734
<br />11,179,718
<br />4,139,495
<br />Total $
<br />5,495,388
<br />$ 11,179,718 $
<br />6,467,545
<br />Internal
<br />Service
<br />$ 2,000,000
<br />$ 2,000,000
<br />$ 2,678,592
<br />2,637,597
<br />1,818,515
<br />18,007,947
<br />$ 25,142,651
<br />Transfers to /from other funds at June 30, 2010 consists of the following:
<br />To the General Fund from the Sheriff's Department Special Revenue Fund for
<br />expenditures related to the Highway Safety program. $16,551
<br />To the General Fund from the Capital Reserve Special Revenue Fund for the
<br />Courthouse renovations. 353,355
<br />To the General Fund from the Capital Reserve Special Fund for replacement of
<br />the Historic Courthouse roof. 700,000
<br />To the General Fund from the Capital Reserve Special Revenue Fund for
<br />purchase of Department of Social Service Software. 500,000
<br />To the General Fund from the Certificates of Participation 2009 Construction
<br />Fund for debt service payments. 1,818,515
<br />To the General Fund from the 911 Emergency Special Revenue Fund for the
<br />salary and benefits of a GIS mapping employee. 72,816
<br />To the General Fund from the Justice Center Capital Projects Fund for debt
<br />service payments. 988,139
<br />To the General Fund from the School Construction Capital Projects Fund for
<br />debt service payments. 973,217
<br />60
<br />G -2 Page 548
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