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Exhibit 4
<br /> Page 1 of 2
<br /> Cabarrus County, North Carolina
<br /> Statement of Revenues, Expenditures, and Changes in Fund Balances
<br /> Governmental Funds
<br /> For the Year Ended June 30, 2009
<br /> Major Non-Major
<br />
<br /> Other Total
<br /> Justice Center School Governmental Governmental
<br /> General Construction Construction Funds Funds
<br />Revenues:
<br />Ad valorem taxes $ 132,283,249 $ - $ - $ 2,565,627 $134,848,876
<br />Other taxes and licenses 32,338,928 - - - 32,338,928
<br />Intergovernmental revenues 21,557,404 - - 1,550,068 23,107,472
<br />Permits and fees 3,680,739 - - 2,294,955 5,975,694
<br />Sales and services 9,680,365 - - - 9,680,365
<br />Investment earnings 1,319,518 357,734 378,939 299,852 2,356,043
<br />Donations - - - 286,433 286,433
<br />Miscellaneous 1,940,847 - - 8,745 1,949,592
<br />Total revenues 202,801,050 357,734 378,939 7,005,680 210,543,403
<br />Expenditures:
<br />Current:
<br />General government 18,338,165 - - 112,739 18,450,904
<br />Public safety 25,208,899 13,835 - 3,360,705 28,583,439
<br />Economic & physical development 2,271,219 - - 1,156,381 3,427,600
<br />Environmental protection 216,827 - - 557 217,384
<br />Human services 40,976,846 - - 100,320 41,077,166
<br />Education 55,635,740 - 31,529,872 9,188,163 96,353,775
<br />Culture and recreation 4,372,359 - - 1,447,512 5,819,871
<br />Capital outlay:
<br />Land and land improvements 19,078 127,736 - 3,432,525 3,579,339
<br />Building and building improvements 284,813 - - 128,620 413,433
<br />Equipment and furniture 417,365 - - 28,073 445,438
<br />Vehicles and motorized equipment 2,059,253 - - 24,974 2,084,227
<br />Construction in progress 1,065,979 31,763,055 - 1,462,136 34,291,170
<br />Debt service:
<br />Principal retirement 20,067,615 - - - 20,067,615
<br />Interest and fees 15,371,972 - 15,371,972
<br />Total expenditures 186,306,130 31,904,626 31,529,872 20,442,705 270,183,333
<br />Excess (deficiency) of revenues
<br />over (under) expenditures 16,494,920 (31,546,892) (31,150,933) (13,437,025) (59,639,930)
<br />Other financing sources (uses):
<br />Transfers in 967,503 - 1,462,879 26,803,470 29,233,852
<br />Transfers out (13,748,252) (407,409) (2,241) (15,075,950) (29,233,852)
<br />Lease Financing issued - - - 3,421,394 3,421,394
<br />Certificates of Participation issued - 58,810,000 - - 58,810,000
<br />Premium on Certificates of Participatio n issued - 362,184 - - 362,184
<br />Total other financing sources (uses) (12,780,749) 58,764,775 1,460,638 15,148,914 62,593,578
<br />
<br />Net change in fund balances 3,714,171 27,217,883 (29,690,295) 1,711,889 2,953,648
<br />Fund balance, July 1 47,624,622 9,205,732 37,842,406 26,797,577 121,470,337
<br />Fund balance, June 30 $ 51,338,793 $ 36,423,615 $ 8,152,111 $28,509,466 $124,423,985
<br />
<br />The notes to the financial statements are an integral part of this statement.
<br /> 28 Attachment number 3
<br /> G-8 Page 301
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