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6 <br />Exhibit 4A <br />Page 2 of 2 <br />Cabarrus County, North Carolina <br />Reconciliation of the Statement of Revenues, Expenditures <br />And Changes in Fund Balance to the Statement of Activities of Governmental Funds <br />For the Year Ended June 30, 2009 <br />Net change in fund balances-total governmental funds <br />Amounts reported for governmental activities in the statement of <br />activities are different because: <br />Governmental funds report capital outlays as expenditures. However, in the <br />statement of activities, the cost of those assets is capitalized and depreciated <br />over their estimated useful lives. <br />Expenditures for capital assets <br />Less current year depreciation <br />Revenues in the statement of activities that do not provide current <br />financial resources are not reported as revenues in the governmental funds. <br />Ambulance <br />Property Tax <br />Building Inspections <br />$ 2,953,648 <br />40,813,607 <br />(3,345,224) 37,468,383 <br />(902,084) <br />(219,562) <br />(104,139) (1,225,785) <br />The effect of various miscellaneous transactions involving capital assets. <br />Donation of capital assets <br />Disposal of capital assets, net book value <br />Debt proceeds provide current financial resources to governmental funds, <br />but issuing debt increases long-term liabilities in the statement of net <br />assets. Repayment of debt principal is an expenditure in the governmental <br />funds, but the repayment reduces long-term liabilities in the statement of <br />net assets. This amount is the net effect of these differences in the treatment of <br />Debt proceeds <br />Debt costs <br />Amortization of current year debt premium <br />Principal payments <br />Some expenses reported in the statement of activities do not require the use of <br />current financial resources and therefore are not reported as expenditures in <br />governmental funds. <br />Compensated Absences <br />LEO Pension Obligation <br />OPEB Obligation <br />Accrued Interest <br />Amortization of current year debt costs <br />The purpose of this adjustment is to recognize the net change in "unavailable" <br />revenues. Under the modified accrual basis of accounting, revenues are <br />not recognized unless they are deemed "available" to finance the expenditures <br />of the current period. Accrual-basis recognition is not limited by availability, so <br />certain revenues need to be reduced by the amounts that were unavailable <br />at the beginning of the year and increased by the amounts that were unavailable at <br />the end of the year. This adjustment records a net decrease in revenues - <br />unavailable revenues at the end of the year exceed beginning unavailable revenues <br />by this amount. <br />50,663 <br />(566,796) <br />(62,593,578) <br />587,008 <br />625,816 <br />20,067,615 <br />(207,218) <br />4,676 <br />(1,554,197) <br />69,270 <br />(576,802) <br />Internal service funds are used by management to charge the cost of workers' compensation <br />and self-insured hospitalization systems to individual departments. 575,737 <br />Changes in net assets of governmental activities <br />The notes to the financial statements are an integral part of this statement. <br />29 <br />G-8 <br />(516,133) <br />(41,313,139) <br />(2,264,271) <br />575,737 <br />$ (4,321,560) <br />Attachment number 3 <br />Page 302 <br />