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CABARRUS COUNTY, NORTH CAROLINAExhibit 4STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCESPage 2 of 3GOVERNMENTAL FUNDSFOR THE FISCAL YEAR ENDED JUNE 30, 2021Non‐MajorCountyOther Total CapitalCARES Act Governmental Governmental GeneralProjectsReliefFundsFundsOTHER FINANCING SOURCES (USES)Debt proceeds14,355,000 22,061,084 ‐ 26,810,325 63,226,409 Payment to escrow agent(14,188,795) ‐ ‐ ‐ (14,188,795) Transfers in5,274,239 46,587,454 ‐ 7,457,044 59,318,737 Transfers out(37,624,563) (47,500) ‐ (20,548,794) (58,220,857) Total other financing sources (uses)(32,184,119) 68,601,038 ‐ 13,718,575 50,135,494 Net change in fund balances24,771,840 31,846,740 ‐ (18,682,725) 37,935,855 Fund balance, July 1, as previously reported97,624,280 4,593,522 ‐ 29,911,832 132,129,634 Prior period restatement‐ change in accounting principle‐ ‐ ‐ 159,815 159,815 Fund balance, July 1, as restated 97,624,280 4,593,522 ‐ 30,071,647 132,289,449 Fund balance, June 30 122,396,120$ 36,440,262$ ‐$ 11,388,922$ 170,225,304$ A legally budgeted Capital Investment Fund is consolidated into the General Fund for reporting purposesMajorThe notes to the financial statements are an integral part of this statement.31
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