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Schedule 7
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<br />G Page 570
<br />Cabarrus County, North Carolina
<br />Capital Reserve Special Revenue 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, 2010
<br />Actual
<br />Project Prior
<br />Current
<br />Total to
<br />Revenues:
<br />Authorization Years
<br />Year
<br />Date
<br />Adequate facilities fees
<br />$ 445,915 $ 445,915 $
<br />-
<br />$ 445,915
<br />Contributions and private donations
<br />120,383 120,383
<br />-
<br />120,383
<br />Investment earnings
<br />2,237,080 2,225,588
<br />24,237
<br />2,249,825
<br />Total revenues
<br />2,803,378 2,791,886
<br />24,237
<br />2,816,123 .
<br />Expenditures:
<br />Education:
<br />Rowan Cabarrus Community College
<br />280,043
<br />_
<br />Building improvements
<br />9,744,051
<br />Total expenditures
<br />10,024,094 -
<br />_
<br />Excess (deficiency) of revenues over
<br />(under) expenditures
<br />(7,220,716) 2,791,886
<br />24,237
<br />2,816,123
<br />Other financing sources (uses):
<br />Transfer in - General Fund
<br />44,708,301 44,708,301
<br />-
<br />44,708,301
<br />Transfer in - Capital Projects Fund
<br />2,152,690 -
<br />2,153,128
<br />2,153,128
<br />Transfer (out) - General Fund
<br />(2,693,346) (1,116,996)
<br />(1,553,355)
<br />(2,670,351)
<br />Transfer (out) - Capital Project Fund
<br />(29,492,242) (26,533,164)
<br />(2,959,079)
<br />(29,492,243)
<br />Transfer (out) - Justice Center Construction
<br />Fund (6,458,772) (6,458,772)
<br />(6,458,772)
<br />Transfer (out) - Special Revenue Fund
<br />(995,915) (995,915)
<br />(995,915)
<br />Total other financing sources (uses)
<br />7,220,716 9,603,454
<br />(2,359,306)
<br />7,244,148
<br />Excess (deficiency) of revenues and other
<br />financing sources over (under) expenditures
<br />and other financing uses
<br />$ - $ 12,395,340
<br />(2,335,069)
<br />$ 10,060,271
<br />Fund balance, July 1
<br />12,395,340
<br />Fund balance, June 30
<br />$
<br />10,060,271
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