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August 2017 - Financial Statements
HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 GENERAL FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 208,357$ 272,690$ 325,151$ 92,369$ 28.41%96,532$ 294,293 404,153 502,462 88,489 17.61%72,977 53,919 95,207 160,511 32,474 20.23%28,390 205,162 257,066 286,243 55,776 19.49%46,773 381,191 415,400 528,246 59,561 11.28%55,608 811,001 848,360 1,021,531 162,725 15.93%131,127 - 415,000 520,000 72,623 13.97%40,018 81,438 92,784 92,625 17,319 18.70%12,186 1,709,486 1,594,220 1,743,220 269,678 15.47%240,047 158,173 156,539 188,368 23,299 12.37%18,372 543,249 540,424 610,237 72,451 11.87%84,480 1,523,150 1,707,476 1,550,350 164,597 10.62%146,864 194,529 247,359 283,858 45,638 16.08%19,522 3,667,427 2,700,087 2,894,508 693,145 23.95%283,352 759,735 769,621 837,668 90,761 10.83%83,040 1,787,734 1,962,777 2,218,957 449,991 20.28%458,587 581,109 592,936 656,685 99,460 15.15%90,284 9,677,549 9,596,512 10,555,157 1,364,068 12.92%1,183,304 442,623 461,128 521,648 59,212 11.35%53,882 26,924 19,237 22,240 - - 66,653 79,381 84,647 9,660 11.41%8,808 1,624,091 1,648,761 1,925,480 299,366 15.55%258,003 School Resource Officers 682,489 738,896 778,555 103,078 13.24%85,180 4,551,465 4,669,491 5,304,517 771,616 14.55%682,317 730,739 829,545 1,067,408 173,982 16.30%122,484 - 58,000 18,959 443 2.34%- 4,414,723 6,296,462 6,994,485 914,798 13.08%795,240 1,151,492 14 - - 14 3,361,704 3,361,704 3,462,557 577,094 16.67%560,284 438,575 437,729 514,075 56,327 10.96%60,182 89,900 65,900 90,000 4,500 5.00%4,300 6,886 5,016 5,037 - - 71,908 75,361 75,000 670 0.89%- - - - - - - - - - - 198,422 189,136 194,162 33,362 17.18%28,071 178,736 177,452 198,518 16,536 8.33%21,922 4,000 4,000 4,000 4,000 100.00%4,000 101,648 100,108 115,111 - - 509,983 575,679 575,000 - 47,192 Human Resources Facilities Maintenance Register of Deeds Information Technology GIS Sheriff Campbell Deputies Emergency Services Grant JCPC Admin Public Safety Appropriations Emergency Telephone System Radio System Harnett Regional Jetport Medical Examiner Environmental Protection Forestry Program Economic/Physical Dev. App. Emergency Medical Service Insurance - Retirees Clerk of Court Board of Elections Finance Tax Department Governing Body Administration General Services Fleet Maintenance Transportation Transportation - Admin Sheriff's Department Grants Child Support Enforcement Communications Jail Emergency Services Legal Services Animal Services Soil & Water EMS Transport Rescue Districts U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 1 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 GENERAL FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 436,558 1,017,433 1,266,367 123,895 9.78%91,318 1,309,860 1,363,085 1,544,371 196,746 12.74%180,392 192 19,116 31,997 - 37 32,171 23,216 24,126 2,911 12.07%2,701 314,013 364,853 441,981 46,786 10.59%30,949 24,494 25,877 31,903 6,865 21.52%2,430 150 - - - - 59,354 - - - - 76,776 77,605 80,643 8,796 10.91%8,623 72,035 45,234 55,741 5,607 10.06%4,522 - - - - - 4,034 657 - - - - - - - - 30,035 20,764 43,583 2,899 6.65%2,124 315,244 316,827 337,114 35,259 10.46%31,345 61,164 67,657 70,714 9,646 13.64%8,200 77,511 83,864 90,228 9,580 10.62%8,679 329,421 324,799 363,487 45,525 12.52%34,027 432,337 405,411 439,938 53,239 12.10%54,212 6,082,878 5,745,786 5,865,481 746,157 12.72%683,390 605,679 605,679 605,679 151,420 25.00%151,420 10,324,942 12,216,121 12,667,464 1,627,222 12.85%1,993,431 9,351,002 9,118,139 9,193,826 1,395,170 15.18%1,232,782 180,399 213,802 270,472 31,527 11.66%24,486 103,322 101,763 113,530 14,104 12.42%12,551 136,805 35,964 45,000 7,741 17.20%7,741 910,122 971,658 1,143,603 116,665 10.20%113,973 153,000 185,000 150,000 - - 435,005 800,422 1,024,702 214,113 20.90%194,249 - - 920,000 - - - 72,542 200,000 - - 21,267,993 21,420,138 21,068,027 3,511,338 16.67%3,538,336 280,707 122,625 750,000 98,031 13.07%- 993,967 1,055,200 2,199,000 - - - 1,019,467 1,080,450 180,075 16.67%169,911 - 26,197 30,000 - - - 798,517 - - 133,086 - - - - - 70,000 - - - - $ 95,761,633 $ 101,127,029 $ 109,076,603 $ 15,520,385 14.23% $ 14,538,257 Industrial Development Board of Education - add teach Mental Health Board of Education - reserve Board of Education - teachers Central Carolina - health sciences Department Central Carolina - DOT Social Services Public Assistance Veteran's Services Family Caregiver Support RSVP Cultural & Recreational App. Parks & Recreation Education Special Programs Subtotal - Operating Expenditures Development Services Community Development (BG) Abandoned MFG Home Cooperative Extension CCR&R - Block Grant 4-H Teen Court & At Risk Adolescent Parenting Parents As Teachers CCR&R - United Way Child Care Youth Training Race to the Top Adolescent Parenting - BJRH Department on Aging Restitution CAP - Disabled Adults Nutrition for Elderly Health Board of Education - current Board of Education - capital Central Carolina - current Central Carolina - capital Central Carolina - works Human Services App. Library U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 2 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 GENERAL FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 2,145,446 3,628,409 1,026,667 - - 4,745,868 3,797,744 5,086,417 47,057 0.93%20,646 11,551,602 12,916,628 14,204,731 1,038,042 7.31%590,501 213,601 (3,131) - - - 36,177,890 - - - - - - 490,206 - - 54,834,407$ 20,339,650$ 20,808,021$ 1,085,099$ 5.21% 611,147$ 150,596,040$ 121,466,679$ 129,884,624$ 16,605,484$ 12.78% 15,149,404$ FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 55,082,717$ 56,335,636$ 55,393,772$ 315,257$ 0.57%1,174,635$ 6,190,412 6,637,839 6,146,212 592,538 9.64%562,596 19,279,813 20,518,531 20,655,250 - - 1,220,493 1,209,416 1,325,000 206,261 15.57%208,696 2,965,577 2,961,556 3,834,840 550,926 14.37%499,721 20,274,012 18,900,426 21,635,369 2,166,359 10.01%1,795,488 9,204,896 9,662,383 8,285,849 975,637 11.77%758,612 3,343,042 3,204,306 6,259,118 433,273 6.92%384,695 73,655 67,075 74,808 11,984 16.02%11,690 117,634,617$ 119,497,168$ 123,610,218$ 5,252,235$ 4.25% 5,396,133$ 97,339 274,949 225,000 37,014 16.45%22,248 37,018,000 24,951 - - - 7,501 1,657,613 6,045,468 - - - - 3,938 - - 37,122,840$ 1,957,513$ 6,274,406$ 37,014$ 0.59% 22,248$ 154,757,457$ 121,454,681$ 129,884,624$ 5,289,249$ 4.07% 5,418,381$ 4,161,417$ (11,998)$ (11,316,235)$ (9,731,023)$ Cost of Issuance Interest Principal Other Financing Uses Investment Earnings Sales Tax Interfund Transfers Debt Service Contingency Total Expenditures Source Revenues over / (under) expenditures Rents, Concessions & Fees Ad Valorem Taxes Subtotal Other Financing Uses: Subtotal - Operating Revenues Subtotal Other Financing Sources: Motor Vehicles Other taxes Other Financing Sources Interfund Transfers Fund Balance Appropriated Total Revenues Permits & Fees Intergovernmental Revenue Sales & Services Other Revenues Department Real and Personal U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 3 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 GENERAL FUND PNC Fidelity MBS NCCMT Total August 2017 -$ 52,430$ 12,825,076$ 13,215,998$ 26,093,504$ July 2017 257,261$ 52,430$ 12,833,501$ 14,699,895$ 27,843,087$ June 2017 7,182,432$ 52,430$ 12,833,501$ 13,721,198$ 33,789,562$ May 2017 2,108,133$ 52,430$ 12,883,875$ 21,669,408$ 36,713,847$ April 2017 -$ 102,890$ 12,883,875$ 29,247,908$ 42,234,673$ March 2017 9,318,753$ 50,000$ 10,900,020$ 28,346,806$ 48,615,578$ February 2017 10,966,173$ 50,000$ 10,900,020$ 23,550,367$ 45,466,559$ January 2017 16,539,974$ 50,000$ 10,900,020$ 21,778,696$ 49,268,690$ December 2016 6,112,440$ 50,000$ 10,399,391$ 20,139,559$ 36,701,391$ November 2016 -$ 8,950,242$ 10,149,294$ 11,410,145$ 30,509,681$ October 2016 -$ 11,893,456$ 9,598,367$ 4,576,239$ 26,068,062$ September 2016 -$ 1,401,847$ 9,611,806$ 9,898,592$ 20,912,246$ August 2016 -$ -$ 10,830,323$ 13,870,895$ 24,701,218$ July 2016 -$ -$ 10,288,522$ 14,611,996$ 24,900,517$ June 2016 4,836,176$ -$ 10,288,522$ 15,052,435$ 30,177,132$ May 2016 -$ -$ 6,310,697$ 22,909,111$ 29,219,808$ April 2016 -$ -$ 5,910,697$ 28,256,262$ 34,166,959$ March 2016 3,888,938$ -$ 5,910,697$ 31,321,226$ 41,120,861$ Cash and Investments $15,000,000 $25,000,000 $35,000,000 $45,000,000 $55,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 4 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 GENERAL FUND 2013 2014 2015 2016 2017 UNAUDITED Non Spendable 451,088$ 111,181$ 159,625$ 1,418,606$ 1,418,606$ Restricted 9,433,149$ 9,260,952$ 11,496,063$ 11,966,027$ 11,966,027$ Committed -$ -$ -$ -$ -$ Assigned -$ 3,193,811$ 2,600,000$ -$ -$ Unassigned 17,959,942$ 18,732,095$ 19,417,388$ 26,311,973$ 29,924,402$ $ 27,844,179 $ 31,298,039 $ 33,673,076 $ 39,696,606 $ 43,309,035 General Fund Expenditures $ 101,852,867 $ 103,330,529 $ 108,508,715 $ 112,272,703 $ 117,838,270 17.63% 18.13% 17.89% 23.44% 25.39% Total General Fund Unassigned Fund Balance as a % of Expenditures That portion of fund balance that the County intends to use for specific purposes. The County Commissioners have the authority to assign fund balances. Unassigned Fund Balance - Assigned Fund Balance - In the governmental fund financial statements, fund balance is composed of five classifications designed to disclose the hierarchy of constraints placed on how fund balance can be spent. They are as follows: Non-Spendable Fund Balance - This classification includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact. Restricted Fund Balance - The classification includes amount that are restricted to specific purposes externally imposed by creditors or imposed by law. Committed Fund Balance - This classification represents the portion of fund balance that can only be used for specific purposes imposed by majority vote by a quorum of the County Commissioners, that can by adoption of an ordinance, commit fund balance. This classification represents the portion of fund balance that has not been assigned to another fund or is not restricted, committed, or assigned to specific purposes within the general fund. Estimated Fund Balance U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 5 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 GENERAL FUND The Harnett County Board of Commissioners have approved a fund balance policy which strives to maintain a minimum fund balance of 15%. 1.00% 11.00% 21.00% 2013 2014 2015 2016 2017 17.63%18.13%17.89% 23.44%25.39% Fund Balance % U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 6 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 PUBLIC UTILITIES FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 3,452,612$ 4,557,855$ 7,496,807$ 339,047$ 4.52%253,526$ 4,376,387 4,701,727 5,669,326 708,779 12.50%503,203 2,005,668 2,442,732 3,235,710 384,360 11.88%212,336 1,993,304 2,312,626 2,906,061 305,851 10.52%199,398 3,634,241 4,079,847 4,597,259 634,897 13.81%535,860 2,742,752 3,509,807 4,647,186 352,392 7.58%294,711 18,204,964$ 21,604,594$ 28,552,349$ 2,725,326$ 9.55% 1,999,034$ - 16,559,597 - - - 9,327,622 9,488,101 - - - 1,070,704 4,784,003 6,256,849 182,762 2.92%182,421 10,398,325$ 30,831,701$ 6,256,849$ 182,762$ 2.92% 182,421$ 28,603,289$ 52,436,295$ 34,809,198$ 2,908,088$ 8.35% 2,181,455$ FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 3,703$ 3,703$ 3,703$ -$ -$ 32,563,219 33,494,516 32,117,905 6,599,631 20.55%5,725,615 3,704,119 4,957,710 691,000 69,463 10.05%62,604 2,105 (3,018) - 2,145 168 36,273,146$ 38,452,911$ 32,812,608$ 6,671,239$ 20.33% 5,788,387$ 320,484 - - - - 450,000 45,034 - - - - - - - - 770,484$ 45,034$ -$ -$ -$ 37,043,630$ 38,497,945$ 32,812,608$ 6,671,239$ 20.33% 5,788,387$ 8,440,341$ (13,938,350)$ 3,763,151$ 3,606,932$ Sales & Services Other Revenues Subtotal - Operating Expenditures Interfund Transfers Depreciation Department Admin/CSR/Meter Services Water Treatment Wastewater Treatment Wastewater Treatment SHWW Distribution Collections Revenues over / (under) expenditures Rents, Concess. & Feees Other Finance Sources Debt Service Subtotal Other Financing Uses: Subtotal - Operating Revenues Total Expenditures Source Intergovernmental Revenue Interfund Transfers Fund Balance Appropriated Total Revenues Subtotal Other Financing Sources: U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 7 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 PUBLIC UTILITIES FUND PNC Lockbox Money Mkt NCCMT Total August 2017 24,609,773$ 6,454,907$ 5,007,882$ 27,402$ 36,099,964$ July 2017 23,098,741$ 5,739,955$ 5,005,756$ 26,874$ 33,871,325$ June 2017 22,125,214$ 5,549,386$ 5,005,756$ 26,474$ 32,706,830$ May 2017 25,982,342$ 5,236,513$ 5,003,631$ 624,363$ 36,846,849$ April 2017 32,934,935$ 4,914,027$ 5,001,575$ 614,100$ 43,464,638$ March 2017 31,893,934$ 9,713,915$ -$ 599,368$ 42,207,217$ January 2017 34,586,445$ 4,491,557$ -$ 588,277$ 39,666,278$ December 2016 33,153,787$ 4,255,513$ -$ 588,277$ 37,997,576$ February 2017 35,929,010$ 4,553,808$ -$ 588,943$ 41,071,761$ November 2016 31,878,365$ 4,312,453$ -$ 588,228$ 36,779,046$ October 2016 31,059,095$ 4,075,830$ -$ 585,783$ 35,720,707$ September 2016 29,921,800$ 4,030,784$ -$ 585,023$ 34,537,607$ August 2016 30,074,922$ 3,836,649$ -$ 585,023$ 34,496,594$ July 2016 28,301,352$ 3,467,807$ -$ 583,368$ 32,352,527$ June 2016 27,213,474$ 3,582,342$ -$ 583,368$ 31,379,183$ May 2016 28,848,875$ 3,432,473$ -$ 581,211$ 32,862,559$ April 2016 30,683,192$ 3,316,449$ -$ 577,919$ 34,577,560$ March 2016 31,388,435$ 3,343,019$ -$ 570,299$ 35,301,753$ Cash and Investments $25,000,000 $30,000,000 $35,000,000 $40,000,000 $45,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 8 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 SOLID WASTE FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 4,207,775$ 6,129,550$ 5,137,096$ 472,807$ 9.20%332,550$ 4,207,775$ 6,129,550$ 5,137,096$ 472,807$ 9.20% 332,550$ - - - - - - - - - - 445,290 - - - - 88,150 466,362 540,352 39,813 7.37%88,150 533,439$ 466,362$ 540,352$ 39,813$ 7.37% 88,150$ 4,741,214$ 6,595,912$ 5,677,448$ 512,620$ 9.03% 420,700$ FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 268,129$ 282,599$ 250,000$ -$ -$ 133,790 60,036 90,000 - - 5,313,693 5,731,760 5,335,248 257,287 4.82%299,883 139,437 2,472,394 700 5,226 746.57%196 1,291 2,548 1,500 - 1 5,856,340$ 8,549,337$ 5,677,448$ 262,513$ 4.62% 300,080$ 917 - - - - - - - - - - - - - - 917$ -$ -$ -$ -$ 5,857,257$ 8,549,337$ 5,677,448$ 262,513$ 4.62% 300,080$ 1,116,043$ 1,953,425$ (250,107)$ (120,620)$ Rents, Concess. & Feees Other Finance Sources Subtotal - Operating Revenues Source Taxes Intergovernmental Revenue Sales & Services Other Revenues Depreciation Subtotal Other Financing Sources: Revenues over / (under) expenditures Interfund Transfers Subtotal - Operating Expenditures Subtotal Other Financing Uses: Interfund Transfers Other Financing Uses Debt Service Department Solid Waste Total Expenditures Fund Balance Appropriated Total Revenues U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 9 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 SOLID WASTE FUND PNC BB&T First Bank NCCMT Total August 2017 -$ 624,648$ 866,139$ 66,634$ 1,557,421$ July 2017 -$ 804,053$ 846,637$ 944$ 1,651,635$ June 2017 189,827$ 873,490$ 822,923$ 944$ 1,887,184$ May 2017 146,657$ 849,369$ 798,541$ 295,485$ 2,090,052$ April 2017 252,605$ 813,116$ 768,637$ 235,646$ 2,070,004$ March 2017 697,465$ 796,560$ 738,482$ 316,381$ 2,548,889$ February 2017 1,010,246$ 774,615$ 715,054$ 316,381$ 2,816,296$ January 2017 933,046$ 733,821$ 679,357$ 240,324$ 2,586,547$ December 2016 1,221,468$ 712,874$ 660,335$ 159,310$ 2,753,988$ November 2016 143,512$ 679,050$ 628,517$ 78,246$ 1,529,324$ October 2016 -$ 623,360$ 608,194$ 78,246$ 1,309,800$ September 2016 723,455$ 703,192$ 649,795$ 159,310$ 2,235,752$ August 2016 596,631$ 637,923$ 589,976$ 78,243$ 1,902,774$ July 2016 706,906$ 613,495$ 567,589$ 4,902$ 1,892,893$ June 2016 953,476$ 595,845$ 549,127$ 4,902$ 2,103,350$ May 2016 1,030,073$ 577,211$ 534,532$ 254,500$ 2,396,316$ April 2016 1,106,636$ 555,533$ 517,182$ 185,532$ 2,364,882$ March 2016 1,322,008$ 533,722$ 501,869$ 185,532$ 2,543,131$ Cash and Investments $1,000,000 $2,000,000 $3,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 10 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 WORKER'S COMPENSATION FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 21,000$ 198,426$ 32,000$ 158,403$ 495.01%-$ 1,243,316 3,010,116 1,093,000 100,000 9.15%130,919 - - 455,537 - - 1,264,316$ 3,208,542$ 1,580,537$ 258,403$ 16.35% 130,919$ FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 1,711,483$ 1,599,984$ 975,000$ 147,177$ 15.10%161,165$ 441,714 2,563,155 150,000 15,302 10.20%15,038$ - - 455,537 - - 2,153,197$ 4,163,139$ 1,580,537$ 162,479$ 10.28% 176,203$ 888,881$ 954,597$ (95,924)$ 45,284$ Category Fixed Cost Claims Funded Total Expenditures Source Departmental Charge Other revenues Fund Balance Appropriated Total Revenues Revenues over / (under) expenditures Transfer to Capital Reserve U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 11 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 WORKER'S COMPENSATION FUND PNC NCCMT Total August 2017 2,814,262$ 1,211,772$ 4,026,034$ July 2017 2,759,812$ 1,211,772$ 3,971,584$ June 2017 2,904,633$ 1,211,772$ 4,116,405$ May 2017 2,809,436$ 1,211,772$ 4,021,208$ April 2017 265,521$ 1,211,772$ 1,477,293$ March 2017 2,833,889$ 1,211,772$ 4,045,661$ February 2017 2,717,622$ 1,211,772$ 3,929,394$ January 2017 2,768,040$ 1,211,772$ 3,979,812$ December 2016 2,687,499$ 1,211,772$ 3,899,271$ November 2016 2,582,294$ 1,211,772$ 3,794,066$ October 2016 2,487,719$ 1,211,772$ 3,699,491$ September 2016 2,533,314$ 1,211,772$ 3,745,086$ August 2016 1,669,764$ 1,211,772$ 2,881,536$ July 2016 1,705,014$ 1,211,772$ 2,916,786$ June 2016 1,624,481$ 1,211,772$ 2,836,253$ May 2016 1,692,068$ 1,211,772$ 2,903,840$ April 2016 1,643,553$ 1,211,772$ 2,855,325$ March 2016 1,711,933$ 1,211,772$ 2,923,705$ Cash and Investments $2,000,000 $3,000,000 $4,000,000 $5,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 12 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 WORKER'S COMPENSATION FUND 2,379,247$ 4,475 2,393,149$ Liability 18,378 # of Claims this fiscal year 6changes in estimates Actual claim payments Liability as of end of month Liability as of July 1 Current year claims and U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 13 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 EMPLOYEE CLINIC FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 140,835$ 150,473$ 175,301$ 22,355$ 12.75%15,374$ 140,835$ 150,473$ 175,301$ 22,355$ 12.75% 15,374$ FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 242,612$ 172,135$ 175,301$ 25,125$ 14.33%24,210$ - - - - - - - - - - 242,612$ 172,135$ 175,301$ 25,125$ 14.33% 24,210$ 101,777$ 21,662$ 2,770$ 8,836$ Total Revenues Revenues over / (under) expenditures Fund Balance Appropriated Department Employee Clinic Total Expenditures Source Departmental Charge Other revenues U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 14 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 EMPLOYEE CLINIC FUND PNC NCCMT Total August 2017 639,388$ 29,241$ 668,629$ July 2017 627,671$ 29,241$ 656,913$ June 2017 638,529$ 29,241$ 667,771$ May 2017 643,317$ 29,241$ 672,559$ April 2017 645,207$ 29,241$ 674,448$ March 2017 642,930$ 29,241$ 672,171$ February 2017 644,551$ 29,241$ 673,792$ January 2017 641,202$ 29,241$ 670,443$ December 2016 641,529$ 29,241$ 670,770$ November 2016 644,850$ 29,241$ 674,091$ October 2016 646,455$ 29,241$ 675,697$ September 2016 647,665$ 29,241$ 676,906$ August 2016 645,243$ 29,241$ 674,484$ July 2016 643,903$ 29,241$ 673,145$ June 2016 640,890$ 29,241$ 670,132$ May 2016 629,731$ 29,241$ 658,972$ April 2016 634,966$ 29,241$ 664,207$ March 2016 626,534$ 29,241$ 655,776$ Cash and Investments $650,000 $655,000 $660,000 $665,000 $670,000 $675,000 $680,000 $685,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 15 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 EMPLOYEE CLINIC FUND August 2017 142 July 2017 132 June 2017 120 May 2017 185 April 2017 109 March 2017 201 February 2017 198 January 2016 177 December 2016 165 November 2016 141 October 2016 116 September 2016 150 August 2016 145 Employee Clinic Utilization 0 0 Health Prevention # of Visits # Flu shots # Pneumonia shots 0 50 100 150 200 250 Patient Flow U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 16 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 MEDICAL INSURANCE FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 6,818,253$ 6,839,112$ 7,150,000$ 898,268$ 12.56%1,026,897$ 634,709 704,945 882,000 139,815 15.85%119,064 8,355 2,919 10,000 - 762 7,461,317$ 7,546,976$ 8,042,000$ 1,038,083$ 12.91% 1,146,723$ FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 7,892,453$ 7,994,131$ 8,000,000$ 1,464,697$ 18.31%1,235,205$ 26,178 19,851 42,000 1,460 3.48%1,320 7,918,631$ 8,013,982$ 8,042,000$ 1,466,157$ 18.23% 1,236,525$ 457,314$ 467,006$ 428,074$ 89,802$ Category Paid Claims Wellness Total Expenditures Source Medical Premium Equivilents Other revenues Total Revenues Fixed Cost Revenues over / (under) expenditures U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 17 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 MEDICAL INSURANCE FUND PNC NCCMT Total August 2017 2,336,726$ 543,297$ 2,880,023$ July 2017 2,199,920$ 543,297$ 2,743,218$ June 2017 1,911,518$ 543,297$ 2,454,816$ May 2017 2,028,010$ 543,297$ 2,571,307$ April 2017 2,033,963$ 543,297$ 2,577,260$ March 2017 1,870,174$ 543,297$ 2,413,471$ February 2017 2,024,627$ 543,297$ 2,567,925$ January 2017 2,084,544$ 543,297$ 2,627,841$ December 2016 2,014,553$ 543,297$ 2,557,850$ November 2016 1,952,986$ 543,297$ 2,496,283$ October 2016 1,869,553$ 543,297$ 2,412,851$ September 2016 1,877,798$ 543,297$ 2,421,096$ August 2016 1,125,368$ 543,297$ 1,668,665$ July 2016 967,054$ 543,297$ 1,510,351$ June 2016 1,035,476$ 543,297$ 1,578,773$ May 2016 866,947$ 543,297$ 1,410,244$ April 2016 964,355$ 543,297$ 1,507,653$ March 2016 1,196,881$ 543,297$ 1,740,178$ 4.15 Number of Months Average Monthly Cost on Hand 2.28 2.39 2.13 2.28 3.87 3.77 3.65 3.66 2.52 3.89 3.90 3.65 3.88 3.71 4.35 Cash and Investments 3.97 2.63 $1,500,000 $1,700,000 $1,900,000 $2,100,000 $2,300,000 $2,500,000 $2,700,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 18 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 MEDICAL INSURANCE FUND Employees & Pre-65 Retirees Total Membership Net Paid Claims Fixed Cost Loss Ratio Premium Equivalent August 2017 861 1,316 465,032.05$ 62,291.38$ 72.08%731,553.84$ July 2017 863 1,319 565,579.25$ 62,926.27$ 85.73%733,143.41$ June 2017 858 1,309 707,456.46$ 63,092.85$ 104.82%735,091.65$ May 2017 859 1,308 585,092.44$ 59,071.95$ 99.37%648,269.01$ April 2017 850 1,288 426,323.43$ 60,687.61$ 74.69%652,008.78$ March 2017 847 1,280 700,824.81$ 62,056.67$ 120.25%634,433.13$ February 2017 838 1,270 697,396.28$ 38,867.77$ 116.07%634,310.54$ January 2017 843 1,275 451,584.71$ 46,679.99$ 79.47%626,993.27$ December 2016 843 1,271 562,043.76$ 50,371.79$ 96.89%632,074.10$ November 2016 841 1,265 450,496.19$ 58,245.17$ 80.80%629,611.56$ October 2016 835 1,253 475,315.79$ 93,186.53$ 90.35%629,233.60$ September 2016 830 1,242 949,451.70$ 58,166.03$ 161.13%625,355.69$ August 2016 827 1,238 472,478.84$ 58,462.25$ 85.98%617,534.95$ July 2016 830 1,237 567,120.08$ 117,732.75$ 110.59%619,266.87$ June 2016 826 1,201 749,785.30$ (48,146.18)$ 112.65%622,838.33$ May 2016 821 1,195 644,458.97$ 18,765.56$ 121.42%546,217.69$ April 2016 819 1,190 846,544.07$ 59,316.96$ 166.24%544,921.50$ March 2016 824 1,192 613,689.61$ 55,057.79$ 122.98%543,783.54$ 840 1,258 10,930,673.74$ 976,833.14$ 104.39% 11,406,641.46$ Medical Paid Claims Summary Year to Date (membership = avg) 50% 75% 100% 125% 150% 175% Medical Plan Loss Ratio U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 19 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 DENTAL INSURANCE FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 295,849$ 374,180$ 325,000$ 57,875$ 17.81%68,316$ 36,698 37,022 50,000 7,796 15.59%7,101 332,547$ 411,202$ 375,000$ 65,671$ 17.51% 75,417$ FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 369,211$ 490,944$ 375,000$ 81,159$ 21.64%75,083$ - - - - - 369,211$ 490,944$ 375,000$ 81,159$ 21.64% 75,083$ 36,664$ 79,742$ 15,488$ (334)$ Category Paid Claims Fixed Cost Total Expenditures Source Dental Premium Equivilents Other revenues Total Revenues Revenues over / (under) expenditures U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 20 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 DENTAL INSURANCE FUND PNC NCCMT Total August 2017 331,188$ -$ 331,188$ July 2017 325,009$ -$ 325,009$ June 2017 315,701$ -$ 315,701$ May 2017 311,609$ -$ 311,609$ April 2017 313,273$ -$ 313,273$ March 2017 294,393$ -$ 294,393$ February 2017 296,096$ -$ 296,096$ January 2017 290,366$ -$ 290,366$ December 2016 290,231$ -$ 290,231$ November 2016 280,718$ -$ 280,718$ October 2016 278,083$ -$ 278,083$ September 2016 283,750$ -$ 283,750$ August 2016 269,750$ -$ 269,750$ July 2016 278,279$ -$ 278,279$ June 2016 270,084$ -$ 270,084$ May 2016 262,899$ -$ 262,899$ April 2016 259,621$ -$ 259,621$ March 2016 255,744$ -$ 255,744$ 7.56 7.46 7.35 7.99 8.16 7.75 8.00 7.76 8.46 8.51 8.35 8.34 8.07 Number of Months Average Monthly Cost on Hand 9.52 8.96 9.01 9.08 9.34 Cash and Investments $250,000 $275,000 $300,000 $325,000 $350,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 21 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 August, 2017 DENTAL INSURANCE FUND Total Employees Total Membership Net Paid Claims Fixed Cost Loss Ratio Premium Equivalent August 2017 892 1,443 42,338.35$ 3,902.41$ 113.76%40,647.93$ July 2017 890 1,443 37,352.60$ 3,893.67$ 101.81%40,511.14$ June 2017 878 1,401 31,838.61$ 3,815.01$ 86.37%41,280.65$ May 2017 877 1,401 29,071.76$ 3,828.12$ 84.48%38,943.34$ April 2017 867 1,386 30,843.30$ 3,797.53$ 84.96%40,772.75$ March 2017 866 1,382 37,039.68$ 3,810.64$ 117.25%34,840.92$ February 2017 853 1,366 29,052.10$ 3,731.98$ 89.50%36,632.24$ January 2017 852 1,363 24,691.39$ 3,701.39$ 74.34%38,194.96$ December 2016 849 1,352 30,584.03$ 3,683.91$ 90.36%37,925.31$ November 2016 847 1,350 27,494.20$ 3,749.46$ 82.49%37,877.15$ October 2016 838 1,341 20,172.90$ 3,412.97$ 62.44%37,772.52$ September 2016 812 1,312 38,929.95$ 3,600.88$ 113.34%37,526.11$ August 2016 813 1,323 35,594.70$ 3,570.29$ 104.91%37,330.66$ July 2016 810 1,316 31,416.37$ 4,006.42$ 93.83%37,752.67$ June 2016 671 1,114 28,488.90$ 6,202.76$ 90.84%38,188.97$ May 2016 667 1,110 22,062.20$ 3,084.92$ 84.50%29,760.98$ April 2016 659 1,100 31,526.79$ 3,033.66$ 115.55%29,909.42$ March 2016 660 1,101 29,696.70$ 3,122.20$ 110.76%29,629.84$ 811 1,311 558,194.53$ 67,948.22$ 94.09% 665,497.56$ Dental Paid Claims Summary Year to Date (membership = avg) 50% 75% 100% 125% Dental Plan Loss Ratio U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 22 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 May, 2017 BOARD OF EDUCATION FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 115,268,881$ 106,092,900$ -$ -$ 102,207,084$ 115,268,881$ 106,100,707$ -$ -$ 102,223,378$ -$ 7,807$ -$ -$ 16,295$ 22,838,609 20,553,383 - - 19,279,878$ 21,557,719 21,058,298 - - 21,520,806$ (1,280,890)$ 504,915$ -$ -$ 2,240,928$ 11,365,474 10,646,921 - - 9,658,731$ 11,365,474 10,649,134 - - 9,670,260$ -$ 2,213$ -$ -$ 11,528$ 3,165,403 3,395,126 - - 2,990,946$ 2,844,295 3,534,258 - - 2,681,150$ (321,108)$ 139,132$ -$ -$ (309,796)$ 10,013,377 9,236,883 - - 9,324,806$ 10,608,154 10,202,351 - - 9,246,428$ 594,777$ 965,468$ -$ -$ (78,378)$ 304,258 250,473 - - 292,697$ 299,648 292,574 - - 284,577$ (4,609)$ 42,101$ -$ -$ (8,120)$ 4,720,189 5,456,564 - - 3,813,528$ 5,253,011 6,017,872 - - 4,694,184$ 532,822$ 561,307$ -$ -$ 880,656$ 167,676,190 155,632,250 - - 147,567,670 167,197,181 157,855,193 - - 150,320,783 (479,009)$ 2,222,943$ -$ -$ 2,753,113$ * Latest available numbers from the Board of Education's web site. Capital Outlay Fund Expenditures Revenues Expenditures Revenues Local Restricted Fund Expenditures Revenues Total All Funds Child Nutrition Fund Expenditures Revenues Expenditures Revenues Dunn District Fund Expenditures Revenues Local Current Expense Fund Expenditures Revenues Federal Grant Fund Expenditures Revenues State Fund Fund Group U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 23 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 May, 2017 BOARD OF EDUCATION 2013 2014 2015 2016 2017 UNAUDITED Non Spendable 1,417,080$ 2,130,098$ 1,849,351$ 1,796,064$ -$ Restricted 2,813$ 67,971$ 21,420$ 25,507$ -$ Committed -$ -$ -$ -$ -$ Assigned 4,004,023$ 3,508,927$ 5,466,811$ 3,845,000$ -$ Unassigned 5,426,606$ 3,000,000$ 2,889,118$ 3,274,629$ -$ 10,850,522$ 8,706,996$ 10,226,700$ 8,941,200$ -$ General Fund Expenditures 20,262,634$ 22,848,788$ 20,369,083$ 23,089,579$ -$ 26.78% 13.13% 14.18% 14.18% 0.00% Unassigned Fund Balance as a % of Expenditures Total General Fund Estimated Fund Balance In the governmental fund financial statements, fund balance is composed of five classifications designed to disclose the hierarchy of constraints placed on how fund balance can be spent. They are as follows: Non-Spendable Fund Balance - This classification includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact. Restricted Fund Balance - The classification includes amount that are restricted to specific purposes externally imposed by creditors or imposed by law. Committed Fund Balance - This classification represents the portion of fund balance that can only be used for specific purposes imposed by majority vote by a quorum of the County Commissioners, that can by adoption of an ordinance, commit fund balance. Assigned Fund Balance - That portion of fund balance that the County intends to use for specific purposes. The County Commissioners have the authority to assign fund balances. Unassigned Fund Balance - This classification represents the portion of fund balance that has not been assigned to another fund or is not restricted, committed, or assigned to specific purposes within the general fund. U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 24 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 May, 2017 BOARD OF EDUCATION ADM MLD ADM Change MLD Change Month 1 20,483 20,615 Month 1 Revd 20,469 20,573 (14)(42) Month 2 20,563 20,566 94 (7) Month 3 20,538 20,554 (25)(12) Month 4 20,443 20,480 (95)(74) Month 5 20,340 20,310 (103)(170) Month 6 20,280 20,325 (60)15 Month 7 20,271 20,282 (9)(43) Month 8 20,236 20,259 (35)(23) Month 9 20,201 20,182 (35)(77) Final 0 20,182 0 Public School Membership Fiscal Year 2016-2017 Initial Allotment20,850 1.00% 11.00% 21.00% 2012 2013 2014 2015 2016 60.26% 26.78% 13.13%14.18%14.18% Fund Balance % U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 25 HARNETT COUNTY FINANCIAL SUMMARY REPORT 9/21/2017 May, 2017 BOARD OF EDUCATION 19,500 20,000 20,500 21,000 Harnett County School Membership ADM MLD U:\My Documents\Monthly Reports\2017 - 2018\August 2017 - Financial Statements 26