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September 2017 - Financial Statements
HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 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$ 117,539$ 36.15%117,241$ 294,293 404,153 502,462 142,092 28.28%118,902 53,919 95,207 160,511 59,016 36.77%53,016 205,162 257,066 286,243 84,276 29.44%71,134 381,191 415,400 528,246 85,965 16.27%80,295 811,001 848,360 1,021,531 273,741 26.80%232,659 - 415,000 520,000 107,456 20.66%59,414 81,438 92,784 102,625 29,083 28.34%30,553 1,709,486 1,594,220 1,743,220 389,606 22.35%405,732 158,173 156,539 188,368 38,284 20.32%30,113 543,249 540,424 610,237 112,127 18.37%120,833 1,523,150 1,707,476 1,482,960 291,136 19.63%290,925 194,529 247,359 283,858 62,993 22.19%34,580 3,667,427 2,700,087 2,894,508 846,486 29.24%493,740 759,735 769,621 837,668 149,878 17.89%140,713 1,787,734 1,962,777 2,218,957 585,159 26.37%583,245 581,109 592,936 656,685 157,464 23.98%142,810 9,677,549 9,596,512 10,577,849 2,184,650 20.65%1,943,267 442,623 461,128 521,648 102,107 19.57%90,474 26,924 19,237 22,240 7,337 32.99%- 66,653 79,381 84,647 15,402 18.20%14,308 1,624,091 1,648,761 1,925,480 426,932 22.17%373,864 School Resource Officers 682,489 738,896 778,555 166,694 21.41%140,259 4,551,465 4,669,491 5,304,517 1,209,601 22.80%1,064,364 730,739 829,545 1,067,408 236,340 22.14%182,888 - 58,000 18,959 9,387 49.51%- 4,414,723 6,296,462 6,994,743 1,448,322 20.71%1,275,668 1,151,492 14 - - 14 3,361,704 3,361,704 3,462,557 821,641 23.73%840,425 438,575 437,729 514,075 92,752 18.04%98,913 89,900 65,900 90,000 9,000 10.00%13,650 6,886 5,016 5,037 285 5.66%- 71,908 75,361 75,000 1,003 1.34%15,198 - - - - - - - - - - 198,422 189,136 204,479 55,066 26.93%42,052 178,736 177,452 198,518 26,720 13.46%36,047 4,000 4,000 4,000 4,000 100.00%4,000 101,648 100,108 115,111 - - 509,983 575,679 575,000 53,170 9.25%91,791 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\September 2017 - Financial Statements 1 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 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 1,266,367 153,798 12.14%186,831 1,309,860 1,363,085 1,544,371 326,071 21.11%297,159 192 19,116 31,997 1 0.00%37 32,171 23,216 24,126 4,774 19.79%4,437 314,013 364,853 441,981 73,254 16.57%59,393 24,494 25,877 31,903 8,463 26.53%3,905 150 - - - - 59,354 - - - - 76,776 77,605 80,643 15,333 19.01%15,216 72,035 45,234 55,741 9,232 16.56%7,811 - - - - - 4,034 657 - - - - - - - - 30,035 20,764 45,083 7,820 17.35%4,398 315,244 316,827 337,294 64,642 19.16%57,806 61,164 67,657 70,714 15,786 22.32%13,903 77,511 83,864 90,228 15,768 17.48%14,153 329,421 324,799 374,045 80,551 21.54%63,502 432,337 405,411 441,270 90,253 20.45%88,777 6,082,878 5,745,786 6,021,874 1,218,892 20.24%1,137,188 605,679 605,679 605,679 151,420 25.00%151,420 10,324,942 12,216,121 12,667,464 2,429,102 19.18%2,831,044 9,351,002 9,118,139 9,193,826 2,053,540 22.34%2,036,139 180,399 213,802 270,472 51,568 19.07%39,450 103,322 101,763 113,530 21,649 19.07%19,846 136,805 35,964 45,000 7,741 17.20%12,741 910,122 971,658 1,153,603 212,708 18.44%198,039 153,000 185,000 150,000 - 150,000 435,005 800,422 1,024,702 275,682 26.90%241,371 - - 920,000 - - - 72,542 200,000 - - 21,267,993 21,420,138 21,068,027 5,267,007 25.00%5,355,035 280,707 122,625 865,909 118,620 13.70%- 993,967 1,055,200 2,199,000 - 1,055,200 - 1,019,467 1,080,450 270,113 25.00%254,867 - 26,197 30,000 - - - 798,517 - - 199,629 - - - - - 70,000 - - - - $ 95,761,633 $ 101,127,029 $ 109,348,352 $ 23,346,498 21.35% $ 23,732,384 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\September 2017 - Financial Statements 2 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 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%21,157 11,551,602 12,916,628 14,204,731 1,078,581 7.59%604,667 213,601 (3,131) - 1,300 - 36,177,890 - - - - - - 479,307 - - 54,834,407$ 20,339,650$ 20,797,122$ 1,126,938$ 5.42% 625,824$ 150,596,040$ 121,466,679$ 130,145,474$ 24,473,436$ 18.80% 24,358,208$ 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$ 3,883,240$ 7.01%4,998,615$ 6,190,412 6,637,839 6,146,212 1,219,740 19.85%1,210,209 19,279,813 20,518,531 20,655,250 - - 1,220,493 1,209,416 1,325,000 300,009 22.64%287,756 2,965,577 2,961,556 3,834,840 771,773 20.13%775,880 20,274,012 18,900,426 21,596,407 3,084,982 14.28%2,558,144 9,204,896 9,662,383 8,286,349 1,467,409 17.71%1,205,828 3,343,042 3,204,306 6,260,068 640,860 10.24%478,238 73,655 67,075 74,808 17,171 22.95%18,227 117,634,617$ 119,497,168$ 123,572,706$ 11,385,184$ 9.21% 11,532,897$ 97,339 274,949 225,000 61,873 27.50%27,101 37,018,000 24,951 - - - 7,501 1,657,613 6,184,409 1,032 0.02%- - - 163,359 - - 37,122,840$ 1,957,513$ 6,572,768$ 62,905$ 0.96% 27,101$ 154,757,457$ 121,454,681$ 130,145,474$ 11,448,089$ 8.80% 11,559,998$ 4,161,417$ (11,998)$ (13,025,347)$ (12,798,210)$ 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\September 2017 - Financial Statements 3 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 GENERAL FUND PNC Fidelity MBS NCCMT Total September 2017 -$ 52,430$ 13,051,245$ 13,984,535$ 27,088,210$ 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$ Cash and Investments $15,000,000 $25,000,000 $35,000,000 $45,000,000 $55,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\September 2017 - Financial Statements 4 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 GENERAL FUND 2013 2014 2015 2016 2017 UNAUDITED Non Spendable 451,088$ 111,181$ 159,625$ 1,418,606$ 232,245$ Restricted 9,433,149$ 9,260,952$ 11,496,063$ 11,966,027$ 9,068,575$ Committed -$ -$ -$ -$ -$ Assigned -$ 3,193,811$ 2,600,000$ -$ -$ Unassigned 17,959,942$ 18,732,095$ 19,417,388$ 26,311,973$ 32,547,008$ $ 27,844,179 $ 31,298,039 $ 33,673,076 $ 39,696,606 $ 41,847,828 General Fund Expenditures $ 101,852,867 $ 103,330,529 $ 108,508,715 $ 112,272,703 $ 119,688,680 17.63% 18.13% 17.89% 23.44% 27.19% 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\September 2017 - Financial Statements 5 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 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% 27.19% Fund Balance % U:\My Documents\Monthly Reports\2017 - 2018\September 2017 - Financial Statements 6 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 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$ 545,190$ 7.27%413,315$ 4,376,387 4,701,727 5,669,326 1,118,928 19.74%935,449 2,005,668 2,442,732 3,235,710 679,306 20.99%441,299 1,993,304 2,312,626 2,906,061 471,228 16.22%338,602 3,634,241 4,079,847 4,597,259 869,790 18.92%786,918 2,742,752 3,509,807 4,647,186 671,702 14.45%539,911 18,204,964$ 21,604,594$ 28,552,349$ 4,356,144$ 15.26% 3,455,494$ - 16,559,597 - - - 9,327,622 9,488,101 - - - 1,070,704 4,784,003 6,256,849 365,525 5.84%273,979 10,398,325$ 30,831,701$ 6,256,849$ 365,525$ 5.84% 273,979$ 28,603,289$ 52,436,295$ 34,809,198$ 4,721,669$ 13.56% 3,729,473$ 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 9,693,767 30.18%7,510,664 3,704,119 4,957,710 691,000 84,652 12.25%77,559 2,105 (3,018) - 4,292 192 36,273,146$ 38,452,911$ 32,812,608$ 9,782,711$ 29.81% 7,588,415$ 320,484 - - - - 450,000 45,034 - - - - - 1,996,590 - - 770,484$ 45,034$ 1,996,590$ -$ -$ 37,043,630$ 38,497,945$ 34,809,198$ 9,782,711$ 28.10% 7,588,415$ 8,440,341$ (13,938,350)$ 5,061,042$ 3,858,942$ 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\September 2017 - Financial Statements 7 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 PUBLIC UTILITIES FUND PNC Lockbox Money Mkt NCCMT Total September 2017 25,541,516$ 6,526,813$ 5,010,010$ 27,553$ 37,105,892$ 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$ Cash and Investments $25,000,000 $30,000,000 $35,000,000 $40,000,000 $45,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\September 2017 - Financial Statements 8 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 SOLID WASTE FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 4,207,775$ 6,129,550$ 5,137,096$ 813,204$ 15.83%1,204,612$ 4,207,775$ 6,129,550$ 5,137,096$ 813,204$ 15.83% 1,204,612$ - - - - - - - - - - 445,290 - - - - 88,150 466,362 540,352 39,813 7.37%54,951 533,439$ 466,362$ 540,352$ 39,813$ 7.37% 54,951$ 4,741,214$ 6,595,912$ 5,677,448$ 853,017$ 15.02% 1,259,563$ 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 5,335,248 737,572 13.82%800,691 139,437 2,472,394 700 5,721 817.29%383 1,291 2,548 1,500 48 3.20%1 5,856,340$ 8,549,337$ 5,677,448$ 743,341$ 13.09% 801,075$ 917 - - - - - - - - - - - - - - 917$ -$ -$ -$ -$ 5,857,257$ 8,549,337$ 5,677,448$ 743,341$ 13.09% 801,075$ 1,116,043$ 1,953,425$ (109,676)$ (458,488)$ 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\September 2017 - Financial Statements 9 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 SOLID WASTE FUND PNC BB&T First Bank NCCMT Total September 2017 -$ 936,540$ 886,499$ 66,681$ 1,889,720$ 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$ Cash and Investments $1,000,000 $2,000,000 $3,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\September 2017 - Financial Statements 10 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 WORKER'S COMPENSATION FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 21,000$ 198,426$ 32,000$ 158,403$ 495.01%7,000$ 1,243,316 3,010,116 1,093,000 250,000 22.87%130,919 - - 455,537 - - 1,264,316$ 3,208,542$ 1,580,537$ 408,403$ 25.84% 137,919$ 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$ 206,670$ 21.20%242,391$ 441,714 2,563,155 150,000 21,913 14.61%40,319$ - - 455,537 - - 2,153,197$ 4,163,139$ 1,580,537$ 228,583$ 14.46% 282,710$ 888,881$ 954,597$ (179,820)$ 144,791$ 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\September 2017 - Financial Statements 11 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 WORKER'S COMPENSATION FUND PNC NCCMT Total September 2017 2,730,366$ 1,211,772$ 3,942,138$ 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$ Cash and Investments $2,000,000 $3,000,000 $4,000,000 $5,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\September 2017 - Financial Statements 12 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 WORKER'S COMPENSATION FUND 2,573,365$ 13,759 2,634,737$ Liability 75,131 # of Claims this fiscal year 21changes 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\September 2017 - Financial Statements 13 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 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$ 34,346$ 19.59%25,132$ 140,835$ 150,473$ 175,301$ 34,346$ 19.59% 25,132$ 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$ 37,785$ 21.55%36,390$ - - - - - - - - - - 242,612$ 172,135$ 175,301$ 37,785$ 21.55% 36,390$ 101,777$ 21,662$ 3,439$ 11,258$ 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\September 2017 - Financial Statements 14 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 EMPLOYEE CLINIC FUND PNC NCCMT Total September 2017 640,059$ 29,241$ 669,300$ 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$ Cash and Investments $650,000 $655,000 $660,000 $665,000 $670,000 $675,000 $680,000 $685,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\September 2017 - Financial Statements 15 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 EMPLOYEE CLINIC FUND September 2017 133 August 2017 142 July 2017 132 June 2017 120 May 2017 185 April 2017 109 March 2017 201 February 2017 198 January 2016 177 December 2016 165 November 2016 141 October 2016 116 September 2016 150 Employee Clinic Utilization 0 89 Health Prevention # of Visits # Flu shots # Pneumonia shots 0 50 100 150 200 250 Patient Flow U:\My Documents\Monthly Reports\2017 - 2018\September 2017 - Financial Statements 16 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 MEDICAL INSURANCE FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 6,818,253$ 6,839,112$ 7,150,000$ 1,394,700$ 19.51%1,833,303$ 634,709 704,945 882,000 199,948 22.67%174,908 8,355 2,919 10,000 - 762 7,461,317$ 7,546,976$ 8,042,000$ 1,594,648$ 19.83% 2,008,973$ 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$ 2,195,699$ 27.45%78,747$ 26,178 19,851 42,000 2,192 5.22%79,931 7,918,631$ 8,013,982$ 8,042,000$ 2,197,891$ 27.33% 158,678$ 457,314$ 467,006$ 603,243$ (1,850,295)$ 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\September 2017 - Financial Statements 17 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 MEDICAL INSURANCE FUND PNC NCCMT Total September 2017 2,511,895$ 543,297$ 3,055,192$ 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$ 4.14 Number of Months Average Monthly Cost on Hand 2.28 2.38 2.13 3.88 3.89 3.65 3.88 3.71 4.61 4.35 2.28 3.86 3.77 3.64 3.66 2.52 Cash and Investments 3.97 $1,500,000 $1,700,000 $1,900,000 $2,100,000 $2,300,000 $2,500,000 $2,700,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\September 2017 - Financial Statements 18 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 MEDICAL INSURANCE FUND Employees & Pre-65 Retirees Total Membership Net Paid Claims Fixed Cost Loss Ratio Premium Equivalent September 2017 862 1,315 614,099.71$ 65,346.44$ 92.57%734,013.78$ 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$ 842 1,265 10,931,083.84$ 987,121.79$ 102.77% 11,596,871.70$ 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\September 2017 - Financial Statements 19 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 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$ 106,162$ 32.67%91,812$ 36,698 37,022 50,000 11,707 23.41%7,101 332,547$ 411,202$ 375,000$ 117,869$ 31.43% 98,913$ 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$ 120,495$ 32.13%112,579$ - - - - - 369,211$ 490,944$ 375,000$ 120,495$ 32.13% 112,579$ 36,664$ 79,742$ 2,626$ 13,666$ 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\September 2017 - Financial Statements 20 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 DENTAL INSURANCE FUND PNC NCCMT Total September 2017 318,326$ -$ 318,326$ 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$ 7.42 7.33 7.85 8.01 7.61 7.85 7.62 8.31 8.36 8.19 8.19 7.92 Number of Months Average Monthly Cost on Hand 8.98 8.79 8.84 8.91 9.17 9.35 Cash and Investments $250,000 $275,000 $300,000 $325,000 $350,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\September 2017 - Financial Statements 21 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 September, 2017 DENTAL INSURANCE FUND Total Employees Total Membership Net Paid Claims Fixed Cost Loss Ratio Premium Equivalent September 2017 897 1,452 40,606.95$ 3,911.15$ 113.22%39,318.72$ 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$ 824 1,331 569,104.78$ 68,737.17$ 94.47% 675,186.44$ Dental Paid Claims Summary Year to Date (membership = avg) 50% 75% 100% 125% Dental Plan Loss Ratio U:\My Documents\Monthly Reports\2017 - 2018\September 2017 - Financial Statements 22 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 August, 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$ 125,587,942$ 13,469,945$ 10.73%102,207,084$ 115,268,881$ 106,100,707$ 125,587,942$ 13,476,854$ 10.73%102,223,378$ -$ 7,807$ -$ 6,909$ 16,295$ 22,838,609 20,553,383 27,827,027 2,610,830 9.38%19,279,878$ 21,557,719 21,058,298 27,827,027 3,525,452 12.67%21,520,806$ (1,280,890)$ 504,915$ -$ 914,622$ 2,240,928$ 11,365,474 10,646,921 13,523,581 1,036,280 7.66%9,658,731$ 11,365,474 10,649,134 13,523,581 1,036,762 7.67%9,670,260$ -$ 2,213$ -$ 481$ 11,528$ 3,165,403 3,395,126 1,411,640 - 2,990,946$ 2,844,295 3,534,258 1,411,640 92 0.01%2,681,150$ (321,108)$ 139,132$ -$ 92$ (309,796)$ 10,013,377 9,236,883 11,365,310 528,746 4.65%9,324,806$ 10,608,154 10,202,351 11,365,310 229,843 2.02%9,246,428$ 594,777$ 965,468$ -$ (298,902)$ (78,378)$ 304,258 250,473 282,502 24,216 8.57%292,697$ 299,648 292,574 282,502 1,994 0.71%284,577$ (4,609)$ 42,101$ -$ (22,222)$ (8,120)$ 4,720,189 5,456,564 6,545,327 565,929 8.65%3,813,528$ 5,253,011 6,017,872 6,545,327 357,550 5.46%4,694,184$ 532,822$ 561,307$ -$ (208,379)$ 880,656$ 167,676,190 155,632,250 186,543,328 18,235,946 9.78%147,567,670 167,197,181 157,855,193 186,543,328 18,628,547 9.99%150,320,783 (479,009)$ 2,222,943$ -$ 392,601$ 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\September 2017 - Financial Statements 23 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 August, 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\September 2017 - Financial Statements 24 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 August, 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\September 2017 - Financial Statements 25 HARNETT COUNTY FINANCIAL SUMMARY REPORT 11/20/2017 August, 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\September 2017 - Financial Statements 26