|
CABARRUS COUNTY, NORTH CAROLINAEXHIBIT 3BALANCE SHEETPAGE 1 OF 3GOVERNMENTAL FUNDSJUNE 30, 2021Non‐MajorCounty Other Total Capital CARES Act Governmental GovernmentalGeneral Projects ReliefFundsFundsASSETSCash and cash equivalents881,385$ 39,507,427$ ‐$ 12,049,808$ 52,438,620$ Investments100,426,249 ‐ ‐ ‐ 100,426,249 Restricted cash8,710,813 ‐ 29,008,741 1,068,775 38,788,329 Receivables (net of allowance for uncollectible)Accounts receivable3,309,980 ‐ ‐ 47,003 3,356,983 Customers1,664,519 ‐ ‐ ‐ 1,664,519 Property taxes2,356,620 ‐ ‐ ‐ 2,356,620 Interest135,142 ‐ ‐ 2,069 137,211 Due from other governments16,571,166 ‐ ‐ 116,538 16,687,704 Prepaid items5,862 ‐ ‐ 15,193 21,055 Inventories172,686 ‐ ‐ ‐ 172,686 Total assets 134,234,422$ 39,507,427$ 29,008,741$ 13,299,386$ 216,049,976$ LIABILITES , DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCESLiabilities:Accounts payable and accrued liabilities7,238,525$ 2,370,134$ 86,444$ 560,564$ 10,255,667$ Advance from grantor6,000 ‐ 28,922,297 ‐ 28,928,297 Contract retainages‐ 697,031 ‐ 885,274 1,582,305 Total liabilities7,244,525 3,067,165 29,008,741 1,445,838 40,766,269 DEFERRED INFLOWS OF RESOURCES4,593,777 ‐ ‐ 464,626 5,058,403 FUND BALANCESNonspendable: Inventories172,686 ‐ ‐ ‐ 172,686 Prepaid items5,862 ‐ ‐ 15,193 21,055 Restricted: Stabilization by state statute21,953,009 80,174,058 ‐ 716,492 102,843,559 Register of Deeds Automation & Enhancement‐ ‐ ‐ 358,503 358,503 MajorThe notes to the financial statements are an integral part of this statement.27
|