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Statement 25
<br />Cabarrus County, North Carolina
<br />Internal Service Funds
<br />Combining Statement of Revenues, Expenditures and Changes in Fund Net Assets
<br />For the Year Ended June 30, 2010
<br />1 i
<br />LLM
<br />7
<br />100
<br />G -2
<br />Page 590
<br />Worker's
<br />Self- Insured
<br />Compensation
<br />Hospitalization
<br />Fund
<br />Fund
<br />Total
<br />Operating revenues:
<br />Insurance premiums
<br />$ -
<br />$ 7,621,823
<br />$ 7,621,823
<br />Insurance refunds
<br />140,882
<br />140,882
<br />Total operating revenues
<br />-
<br />7,762,705
<br />7,762,705
<br />Operating expenses:
<br />General and administrative
<br />116,253
<br />1,283,881
<br />1,400,134
<br />Claims
<br />773,864
<br />6,535,995
<br />7,309,859
<br />Total operating expenses
<br />890,117
<br />7,819,876
<br />8,709,993
<br />Operating (loss)
<br />(890,117)
<br />(57,171)
<br />(947,288)
<br />Nonoperating revenues:
<br />Investment earnings
<br />3,726
<br />8,732
<br />12,458
<br />Loss before transfers
<br />(886,391)
<br />(48,439)
<br />(934,830)
<br />Other financing sources:
<br />Transfers in - General Fund
<br />1,000,000
<br />1,000,000
<br />2,000,000
<br />Change in net assets
<br />113,609
<br />951,561
<br />1,065,170
<br />Net assets, July 1
<br />1,086,698
<br />2,068,603
<br />3,155,301
<br />Net assets, June 30
<br />$ 1,200,307
<br />$ 3,020,164
<br />$ 4,220,471
<br />100
<br />G -2
<br />Page 590
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