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Schedule 18 <br />Cabarrus County, North Carolina <br />$98 Million School Bond Capital Projects Fund <br />Schedule of Revenues, Expenditures, and Changes in Fund <br />Balances - Budget and Actual <br />From Inception and for the Year Ended June 30, 2010 <br />Revenues: <br />Sales tax refund <br />Investment earnings <br />Total revenues <br />Expenditures: <br />Capital outlay - education <br />Systemwide Legal & Technology <br />Concord High Addition <br />Northwest High Addition <br />AT Allen Elementary Renovations <br />Hickory Ridge High <br />W.R. Odell Elementary <br />Charles E. Boger Elementary <br />Carl A. Furr Elementary <br />Forest Park Elementary Addition <br />Kannapolis Intermediate Renovations <br />Shady Brook Elementary Addition <br />A L Brown High Renovations <br />A L Brown Auditorium Renovations <br />Kannapolis Central Office Addition <br />RCCC Building 3000 <br />Total expenditures <br />Excess (deficiency) of revenues over (under) <br />expenditures <br />(104,522,374) (103,966,413) (555,961) (104,522,374) <br />Other financing sources (uses) : <br />Actual <br />Project <br />Prior <br />Current <br />Total to <br />Authorization <br />Years <br />Year <br />Date <br />$ 719 <br />$ 719 <br />$ <br />$ 719 <br />3,675,861 <br />3,675,861 <br />3,675,861 <br />3,676,580 <br />3,676,580 <br />- <br />3,676,580 <br />1,224,237 <br />294,463 <br />145,501 <br />148,962 <br />294,463 <br />2,433,788 <br />2,351,460 <br />82,328 <br />2,433,788 <br />3,625,022 <br />3,595,652 <br />29,370 <br />3,625,022 <br />952,984 <br />902,984 <br />50,000 <br />952,984 <br />40,413,626 <br />40,296,799 <br />116,827 <br />40,413,626 <br />13,855,160 <br />13,807,126 <br />48,034 <br />13,855,160 <br />14,538,537 <br />14,499,293 <br />39,244 <br />14,538,537 <br />15,386,570 <br />15,345,374 <br />41,196 <br />15,386,570 <br />700,785 <br />700,785 <br />- <br />700,785 <br />281,909 <br />281,909 <br />281,909 <br />6,958,343 <br />6,958,343 <br />$ 858,799 <br />6,958,343 <br />3,205,381 <br />3,205,381 <br />3,205,381 <br />893,134 <br />893,134 <br />893,134 <br />1,274,153 <br />1,274,153 <br />1,274,153 <br />3,385,099 <br />3,385,099 <br />- <br />3,385,099 <br />108,198,954 <br />107,642,993 <br />555,961 <br />108,198,954 <br />(104,522,374) (103,966,413) (555,961) (104,522,374) <br />Other financing sources (uses) : <br />Issuance of debt - General Obligation Bonds <br />98,366,000 <br />98,366,000 <br />98,366,000 <br />Premium on issuance of General Obligation Bonds <br />562,851 <br />562,851 <br />562,851 <br />Transfer in- Capital Projects Fund <br />3,599,952 <br />3,599,952 <br />3,599,952 <br />Transfer in- Special Revenue Fund <br />1,224,237 <br />1,224,237 <br />1,224,237 <br />Transfer in- Capital Reserve Fund <br />125,802 <br />125,802 <br />125,802 <br />Transfer in- General Fund <br />2,881,083 <br />2,881,083 <br />2,881,083 <br />Transfer (out) - General Fund <br />(867,795) <br />(845,000) <br />(22,795) <br />(867,795) <br />Transfer (out) - Capital Reserve Fund <br />(280,043) <br />(280,043) <br />(280,043) <br />Transfer (out) - Capital Projects Fund <br />(1,081713) <br />(1,089,713) <br />- <br />(1,089,713) <br />Total other financing sources (uses) <br />104,522,374 <br />104,825,212 <br />(302,838) <br />104,522,374 <br />Excess (deficiency) of revenues and other <br />financing sources over (under) expenditures <br />and other financing uses <br />$ - <br />$ 858,799 <br />(858,799) <br />$ - <br />Fund balance, July 1 858,799 <br />Fund balance, June 30 $ <br />92 <br />G -2 Page 581 <br />