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FY2021 ACFR
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FY2021 ACFR
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1/19/2022 2:22:09 PM
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1/19/2022 2:20:03 PM
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1/19/2022
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CABARRUS COUNTY, NORTH CAROLINA NOTES TO THE FINANCIAL STATEMENTS For the Fiscal Year Ended June 30, 2021 Construction Commitments The government has active construction projects as of June 30, 2021. The projects include New School Construction (West Cabarrus High School, New Middle School), Cabarrus County Courthouse and Governmental Center Skylight Repair. At year‐end, the government’s commitments with contractors are as follows: RemainingSpent‐To‐Date CommitmentSchool new construction 89,334,067$ 17,383,365$ Government Center skylight repair1,784,390 49,537 Cabarrus County Courthouse22,698,969 70,016,826 Total113,817,426$ 87,449,728$ Discretely Presented Component Unit Capital asset activity for Cabarrus Health Alliance for the year ended June 30, 2021, was as follows: BeginningEnding Balance Increases Decreases BalanceGovernmental Activities:Capital assets, being depreciated: Furniture and fixtures391,287$ ‐$ ‐$ 391,287$ Vehicles536,453 41,707 ‐ 578,160 Equipment1,398,787 5,800 (11,645) 1,392,942 Land improvements600,505 ‐ ‐ 600,505 Total capital assets being depreciated 2,927,032 47,507 (11,645) 2,962,894 66
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