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Cabarrus County, North Carolina
<br />Schedule 19
<br />School Construction Capital Projects Fund
<br />Schedule of Revenues, Expenditures and Changes in Fund
<br />Balances - Budget and
<br />Actual
<br />From Inception and for the Year
<br />Ended June 30, 2010
<br />Actual
<br />Project
<br />Prior
<br />Current
<br />Total to
<br />Revenues:
<br />Authorization
<br />Years
<br />Year
<br />Date
<br />Investment earnings
<br />$ 920,143
<br />$ 914,524
<br />$ 8,996
<br />$ 923,520
<br />Total revenues
<br />920,143
<br />914,524
<br />8,996
<br />923,520
<br />Expenditures:
<br />Cost of Debt Issuance
<br />1,159,875
<br />1,159,875
<br />-
<br />1,159,875
<br />Capital outlay - education
<br />AT Allen Elementary Renovations
<br />484,299
<br />329,774
<br />154,525
<br />484,299
<br />Cox Mill High
<br />Bus Garage
<br />44,504,952
<br />40,329,992
<br />4,111,969
<br />44,441,961
<br />Hickory Ridge Middle
<br />8,566,521
<br />4,016,850
<br />7,509,708
<br />3,486,510
<br />1,056,813
<br />399,902
<br />8,566,521
<br />Patriots Elementary
<br />468,965
<br />322,319
<br />146,429
<br />3,886,412
<br />468,748
<br />Northwest Elementary
<br />3,500
<br />-
<br />3,500
<br />3,500
<br />Mt Pleasant Middle
<br />A L Brown High Addition
<br />973,143
<br />747,025
<br />108,864
<br />855,889
<br />New Kannapols School
<br />2,883,828
<br />2,883,828
<br />-
<br />2,883,828
<br />Total Capital outlay
<br />61,902,058
<br />55,609,156
<br />5,982,002
<br />61,591,158
<br />Total expenditures
<br />63,061,933
<br />56,769,031
<br />5,982,002
<br />62,751,033
<br />Excess (deficiency) of revenues over
<br />(under) expenditures
<br />(62,141,790)
<br />(55,854,507)
<br />(5,973,006)
<br />(61,827,513)
<br />Other financing sources (uses):
<br />Issuance of debt - Installment Financing
<br />7,305,000
<br />7,305,000
<br />7,305,000
<br />Issuance of debt - Certificates of Participation
<br />65,665,000
<br />65,665,000
<br />65,665,000
<br />Premium on issuance of Certificates of Participation
<br />2,596,482
<br />2,596,482
<br />2,596,482
<br />Transfer in - General Fund
<br />3,518,638
<br />3,518,638
<br />-
<br />3,518,638
<br />Transfer in - Capital Projects Fund
<br />3,471,563
<br />2,941,223
<br />399,902
<br />3,341,125
<br />Transfer in - Special Revenue Fund
<br />1,000,000
<br />1,000,000
<br />-
<br />1,000,000
<br />Transfer in - Capital Reserve Fund
<br />7,246,362
<br />7,246,362
<br />7,246,362
<br />Transfer (out) - General Fund
<br />(1,473,456)
<br />(2,241)
<br />(973,217)
<br />(975,458)
<br />Transfer (out) - Capital Reserve Fund
<br />(223,189)
<br />(223,189)
<br />(223,189)
<br />Transfer (out) - Special Revenue Fund
<br />(700,764)
<br />(700,764)
<br />(700,764)
<br />Disbursement for Refunding Installment Financing
<br />(7,305,000)
<br />(7,305,000)
<br />(7,305,000)
<br />Disbursement to escrow agent
<br />(18,958,846)
<br />(18,958,846)
<br />(18,958,846)
<br />Total other financing sources (uses)
<br />62,141,790
<br />64,006,618
<br />(1,497,268)
<br />62,509,350
<br />Excess (deficiency) of revenues and other
<br />financing sources over (under) expenditures
<br />and other financing uses
<br />$ -
<br />$ 8,152,111
<br />(7,470,274)
<br />$ 681,837
<br />Fund balance, July 1
<br />8,152,111
<br />Fund balance, June 30
<br />$ 681,837
<br />93
<br />G -2
<br />Page 582
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