April 2013 Financial Statements02�,
Harnett
0U Ty
,.. C , %, xis A
Revenues:
Ad valorem taxes
Other taxes and licenses
Unrestricted intergovernmental
Restricted intergovernmental
Permits and fees
Sales and services
Investment earnings
Other general revenues
Total revenues
Expenditures:
Current:
General government
Public safety
Environmental protection
Transportation
Economic and physical development
Human services
Cultural and recreational
Education
Debt service:
Principal
Interest and fees
Total expenditures
Excess(deficiency) of revenues over (under)
expenditures
Other financing sources (uses):
Capital Lease Sources
Residual Equity
Transfers in
Transfers out
Appropriated Fund Balance
Capital Reserve
Contingency
Total other financing sources (uses)
Y -T -D Fund Balance Increase (Decrease)
County of Harnett
Financial Summary Report
April 30, 2013
General Fund
Current Budget Y -T -D %
Annual Budget (10 months) Actual to Date Collected
$
53,720,461
44,767,051
$
52,697,969
98.10 %
14,133,123
11,777,603
8,067,635
57.08%
40,044
33,370
32,541
81.26%
19,871,242
16,559,368
12,967,103
65.26%
2,453,709
2,044,758
2,435,934
99.28%
9,900,326
8,250,272
5,297,387
53.51%
4,856
4,047
3,269
67.31%
2,663,441
2,219,534
2,358,950
88.57%
$
102,787,202
85,656,002
$
83,860,786
81.59%
Actual
to Date
Current
Budget
Including
Y -T -D %
Annual Budget
(10 months)
Encumbrances
Expended
$
12,107,449
10,089,541
$
10,501,034
86.73%
27,495,381
22,912,818
22,203,170
80.75%
136,066
113,388
98,106
72.10%
186,568
155,473
173,148
92.81%
5,395,792
4,496,493
4,586,524
85.00%
28,420,163
23,683,469
21,793,492
76.68%
1,442,370
1,201,975
1,014,234
70.32%
20,950,818
17,459,015
19,149,682
91.40%
6,578,594
5,482,162
4,230,965
64.31%
4,608,881
3,840,734
2,324,326
50.43%
$
107,322,082
89,435,068
$
86,074,681
80.20%
$
(4,534,880)
(3,779,067)
$
(2,213,894)
$
1,165,000
$
970,833.33
$
-
1,037,351
$
864,459.17
790,328
440,116
$
366,763.33
-
(510,491)
$
(425,409.17)
(7,070)
2,426,311
$
2,021,925.83
-
(23,407)
$
(19,505.83)
-
$
4,534,880
$
3,779,066.67
$
783,258
$
-
$
-
$
(1,430,636)
Current Year Encumbrances - General Fund $ 3,955,888
BALANCE 1
April F 2013
General Fund
Assets:
Cash and investments
$25,237,626
Taxes receivable, net
3,082,352
Accounts receivable, net
5,126,249
Due from other funds
23,103
Inventories
168,830
Prepaid Items
752,173
Restricted assets:
Cash and cash equivalents
654,482
Accounts receivable
557,500
Capital assets:
Land and construction in progress
12,482,230
Other capital assets, net
30,006,064
School debt /assets
113,329,894
Total assets
$191,420,502
Liabilities:
Current liabilities:
Accounts payable and accrued liabilities $231,108
Due to other funds 429,646
Unearned revenues 243,703
Deferred revenues 8,503,522
Current portion of long term debt 2,388,644
Total current liabilities 11,796,622
Non - current liabilities:
Non - current portion of long term debt
Other post - employment benefits
Non - current portion of compensated absences
Total non - current liabilities
Total Liabilities
Fund Balances:
Reserved for Encumbrances
Reserved for Debt Service
Fund Balance
Total Fund Balances
Total liabilities and fund balance
145,224,319
5,164,299
3,021,505
153,410,122
$165,206,745
3,955,888
574,024
21,683,846
26,213,758
$191,420,502
Harnett
County of Harnett
r 0 p N T Y
Financial Summary Report
April 30, 2013
Public Utilities
Fund
Current Budget
Y -T -D %
Annual Budget
(10 months)
Actual to Date
Collected
Revenues:
Charges for services
$ 22,107,000
18,422,500
$ 18,933,147
85.64%
Water and sewer taps
345,000
287,500
255,908
74.18%
Investment earnings
5,000
4,167
2,835
56.70%
Johnston County
3,600
3,000
3,703
102.86%
Other operating revenues
2,258,812
1,882,343
2,246,130
99.44%
Sale of Other Assets
1,000
833
17,102
0.00%
Capital Outlay Offset
-
0
373,440
0.00%
Fund Balance Appropriated
885,097
737,581
-
0.00%
Total revenues
$ 25,605,509
21,337,924
$ 21,832,265
85.26%
Actual to Date
Current Budget
Including
Y -T -D %
Annual Budget
(10 months)
Encumbrances
Expended
Expenditures:
Operating Expenses
$ 19,011,328
15,842,773
$ 13,515,964
71.09%
Capital Lease Districts
2,792,620
2,327,183
137,442
4.92%
Depreciation Expense
-
0
-
0.00%
Debt Service:
0
Principal
2,216,099
1,846,749
1,969,198
88.86%
Interest
1,080,365
900,304
798,625
73.92%
Total expenditures
$ 25,100,412
20,917,010
$ 16,421,229
65.42%
Revenue over(under) expenditures
$ 505,097
$ 420,914
$ 5,411,036
Other financing sources (uses):
Transfers in
-
-
-
Transfers out
(505,097)
(420,914.17)
-
Total other financing sources (uses)
$ (505,097)
(420,914)
$ -
Excess of revenues and other financing
sources (uses) over (under) expenditures
and other financing sources (uses) $ 5,411,036
Current Year Encumbrances - Public Utilities $ 2,213,864
Harnett
County of Harnett
C 0 U N T Y
Financial Summary Report
p10 C ,, R, j L J N A
April 30, 2013
Solid Waste Fund
Current Budget
Y-T-D %
Annual Budget
(10 months)
Actual to Date
Collected
Revenues:
Solid Waste User Fees
$ 5,014,623
4,178,853
$ 4,272,279
85.20%
Other operating revenues
400
333
379
94.75%
Investment Earnings
200
167
180
90.25%
Solid Waste state taxes
259,000
215,833
109,453
42.26%
Capital Outlay Offset
-
-
-
0.00%
Sale of Other Assets
2,000
1,667
36,920
1846.00%
Fund Balance Appropriated
-
-
-
0.00%
Total revenues
$ 5,276,223
4,396,853
$ 4,419,211
83.76%
Actual to Date
Current Budget
Including
Y-T-D %
Annual Budget
(10 months)
Encumbrances
Expended
Expenditures:
Operating Expenses
$ 4,924,915
4,104,096
$ 4,082,942
82.90%
Depreciation Expense
-
-
-
0.00%
Debt Service:
-
-
-
0.00%
Principal
65,518
54,598
65,518
100.00%
Interest
85,790
71,492
29,902
34.85%
Total expenditures
$ 5,076,223
4,230,186
$ 4,178,361
82.31%
Revenue over(under) expenditures
$ 200,000
166,667
$ 240,850
Other financing sources (uses):
Bonds and capital lease issuance
-
-
-
Bond Premium
-
-
Revenue Bonds
-
-
Payment to Escrow Agent
-
-
Residual Equity Transfer
-
-
Transfers in
-
-
Transfers out
(200,000)
(166,667)
Total other financing sources (uses)
$ (200,000)
(166,667)
$
Excess of revenues and other financing
sources (uses) over (under) expenditures
and other financing sources (uses) 240,850
Current Year Encumbrances-Solid Waste $ 1,059,111
IM • 4 k" , M
..;�..
April 1 2 1
Water & Sewer
Fund
Solid Waste Fund
Assets:
Current assets:
Cash and cash investments
$16,642,930
$1,445,314
Accounts receivable, net
2,362,679
217,976
Due from other funds
4,325,953
0
Inventory
513,713
0
Prepaid
0
0
Restricted assets:
0
0
Cash and cash investments, restricted
310,066
20
Amounts to be provided /debt
77,526,912
1,885,057
Total current assets
101,682,253
3,548,367
Non - current assets:
Land
1,827,526
912,287
Other capital assets, net
177,652,280
2,429,593
Bond issuance cost, net
722,803
39,148
Total non - current assets
180,202,609
3,381,028
Total assets
$281,884,862
$6,929,395
Liabilities:
Current liabilities:
Accounts payable and accrued liabilities
$4,696
$0
Due to other funds
0
0
Unearned revenues
107,655
0
Customer Deposits
1,676,673
0
Deferred Revenues
222,340
241,227
Current portion of long term debt
2,216,097
65,517
Total current liabilities
4,227,462
306,744
Non- current liabilities:
Non - current portion of long term debt
75,000,815
1,819,540
Post Closure Liabilities
1,570,845
Other post - employment benefits
740,420
78,910
Non - current portion of compensated absences
540,442
48,850
Total non - current liabilities
76,281,677
3,518,145
Total Liabilities
$80,509,139
$3,824,889
Fund Balances:
Reserved Encumbrances
2,213,864
1,059,111
Reserved for Debt Service
309,837
0
GAAP Adjustments
1,536,473
0
Fund Balance
197,315,549
2,045,395
Total Fund Balances
201,375,723
3,104,506
Total liabilities and fund balance
$281,884,862
$6,929,395