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December 2017 - Financial Statements
HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 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$ 226,646$ 69.70%238,364$ 294,293 404,153 502,462 300,709 59.85%273,705 53,919 95,207 160,511 137,997 85.97%107,881 205,162 257,066 289,743 176,032 60.75%140,181 381,191 415,400 528,246 169,477 32.08%268,850 811,001 848,360 1,021,531 569,322 55.73%537,945 - 415,000 520,000 214,173 41.19%142,897 81,438 92,784 102,625 58,478 56.98%58,447 1,709,486 1,594,220 1,743,220 775,664 44.50%829,198 158,173 156,539 188,368 94,216 50.02%70,634 543,249 540,424 610,237 248,781 40.77%300,817 1,523,150 1,707,476 1,482,960 652,994 44.03%690,821 194,529 247,359 283,858 117,100 41.25%80,939 3,667,427 2,700,087 2,894,508 1,433,828 49.54%1,051,954 759,735 769,621 837,668 402,532 48.05%330,206 1,787,734 1,962,777 2,223,238 1,108,644 49.87%1,099,683 581,109 592,936 656,704 330,857 50.38%321,323 9,677,549 9,596,512 10,594,849 4,729,412 44.64%4,450,620 442,623 461,128 521,648 231,897 44.45%221,665 26,924 19,237 22,240 22,202 99.83%5,921 66,653 79,381 84,647 32,952 38.93%34,156 - - 123,300 - - 1,624,091 1,648,761 1,925,480 823,842 42.79%776,292 School Resource Officers 682,489 738,896 778,555 360,160 46.26%336,473 4,551,465 4,669,491 5,312,517 2,370,172 44.61%2,188,464 730,739 829,545 1,067,408 439,342 41.16%403,520 - 58,000 53,959 35,458 65.71%58,000 4,414,723 6,296,462 6,994,743 3,080,682 44.04%2,864,385 1,151,492 14 - - 14 3,361,704 3,361,704 3,462,557 1,731,279 50.00%1,960,991 438,575 437,729 544,075 221,042 40.63%219,606 89,900 65,900 90,000 27,450 30.50%28,950 6,886 5,016 5,037 855 16.97%2,548 71,908 75,361 87,203 36,666 42.05%41,189 - - - - - - - - - - 198,422 189,136 204,479 91,056 44.53%79,529 178,736 177,452 198,518 58,288 29.36%93,756 4,000 4,000 4,000 4,000 100.00%4,000 101,648 100,108 115,111 35,457 30.80%40,885 509,983 575,679 775,000 396,177 51.12%242,787 Animal Services Soil & Water EMS Transport Rescue Districts 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 Governor's Highway Safety Communications Jail Emergency Services Legal Services Environmental Protection Forestry Program Economic/Physical Dev. App. JCPC Admin Public Safety Appropriations Emergency Telephone System Radio System Harnett Regional Jetport Medical Examiner Human Resources Facilities Maintenance Register of Deeds Information Technology GIS Sheriff Campbell Deputies Emergency Services Grant U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 1 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 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 1,266,367 340,862 26.92%317,634 1,309,860 1,363,085 1,544,371 686,596 44.46%673,489 192 19,116 31,997 (533) 17,874 32,171 23,216 24,126 10,781 44.69%10,170 314,013 364,853 441,981 150,302 34.01%150,353 24,494 25,877 31,903 8,244 25.84%10,478 150 - - - - 59,354 - - - - 76,776 77,605 80,643 34,411 42.67%33,933 72,035 45,234 55,741 23,896 42.87%20,153 - - - - - 4,034 657 - - 450 - - - - - 30,035 20,764 45,083 14,722 32.66%11,321 315,244 316,827 337,294 148,673 44.08%140,111 61,164 67,657 71,050 33,479 47.12%31,865 77,511 83,864 90,228 38,459 42.62%35,382 329,421 324,799 374,045 167,710 44.84%154,372 432,337 405,411 441,270 192,504 43.62%176,657 6,082,878 5,745,786 6,384,331 2,577,121 40.37%2,643,840 605,679 605,679 605,679 402,840 66.51%302,840 10,324,942 12,216,121 12,712,987 5,443,635 42.82%5,732,947 9,351,002 9,118,139 9,193,826 3,917,106 42.61%4,154,036 180,399 213,802 270,472 116,135 42.94%93,529 103,322 101,763 120,949 43,473 35.94%46,576 136,805 35,964 45,000 15,550 34.56%20,482 910,122 971,658 1,153,603 488,655 42.36%438,780 153,000 185,000 184,014 17,250 9.37%185,000 435,005 800,422 1,024,702 474,314 46.29%432,491 - - - - - - 72,542 1,120,000 178,384 15.93%- 21,267,993 21,420,138 21,068,027 10,534,013 50.00%10,710,069 280,707 122,625 865,909 556,619 64.28%- 993,967 1,055,200 2,199,000 1,776,084 80.77%1,055,200 - 1,019,467 1,080,450 540,225 50.00%509,733 - 26,197 30,000 5,697 18.99%- - 798,517 - - 332,715 - - - - - 70,000 - - - - $ 95,761,633 $ 101,127,029 $ 110,231,404 $ 50,683,047 45.98% $ 49,040,077 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 4-H Teen Court & At Risk Adolescent Parenting Parents As Teachers 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 Central Carolina - health sciences Department Central Carolina - DOT Social Services Public Assistance Veteran's Services Family Caregiver Support RSVP Board of Education - teachers Industrial Development Board of Education - add teach Mental Health Board of Education - reserve U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 2 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 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 1,876,667 126,667 6.75%- 4,745,868 3,797,744 5,086,417 2,301,210 45.24%2,000,210 11,551,602 12,916,628 14,204,731 7,959,396 56.03%7,886,071 213,601 (3,131) - 2,800 (3,131) 36,177,890 - - - - - - 446,507 - - 54,834,407$ 20,339,650$ 21,614,322$ 10,390,073$ 48.07% 9,883,150$ 150,596,040$ 121,466,679$ 131,845,726$ 61,073,120$ 46.32% 58,923,227$ 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$ 48,114,156$ 86.86%40,658,271$ 6,190,412 6,637,839 6,146,212 2,736,236 44.52%2,681,969 19,279,813 20,518,531 20,655,250 4,624,825 22.39%3,855,972 1,220,493 1,209,416 1,325,000 561,079 42.35%543,392 2,965,577 2,961,556 3,854,840 1,435,497 37.24%1,379,556 20,274,012 18,900,426 22,056,444 7,510,622 34.05%6,988,935 9,204,896 9,662,383 8,286,349 3,205,058 38.68%3,200,717 3,343,042 3,204,306 6,261,017 1,727,584 27.59%1,454,238 73,655 67,075 74,808 32,217 43.07%35,678 117,634,617$ 119,497,168$ 124,053,692$ 69,947,274$ 56.38% 60,798,728$ 97,339 274,949 225,000 173,538 77.13%64,090 37,018,000 24,951 - - - 7,501 1,657,613 6,184,409 1,032 0.02%- - - 1,382,625 - - 37,122,840$ 1,957,513$ 7,792,034$ 174,570$ 2.24% 64,090$ 154,757,457$ 121,454,681$ 131,845,726$ 70,121,844$ 53.18% 60,862,818$ 4,161,417$ (11,998)$ 9,048,724$ 1,939,591$ Department Real and Personal Other Financing Sources Interfund Transfers Fund Balance Appropriated Total Revenues Permits & Fees Intergovernmental Revenue Sales & Services Other Revenues 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 Investment Earnings Sales Tax Interfund Transfers Debt Service Contingency Total Expenditures Source Cost of Issuance Interest Principal Other Financing Uses U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 3 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 GENERAL FUND PNC Regions MBS NCCMT Total December 2017 52,430$ 1,000,000$ 14,823,361$ 18,773,227$ 34,649,018$ November 2017 52,430$ 1,000,000$ 11,855,892$ 22,567,264$ 35,475,586$ October 2017 52,430$ -$ 13,834,305$ 17,354,061$ 31,240,796$ 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 309,691$ -$ 12,833,501$ 14,699,895$ 27,843,087$ June 2017 7,234,863$ -$ 12,833,501$ 13,721,198$ 33,789,562$ May 2017 2,160,563$ -$ 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$ -$ 10,900,020$ 28,346,806$ 48,565,578$ February 2017 11,016,173$ -$ 10,900,020$ 23,550,367$ 45,466,559$ January 2017 16,589,974$ -$ 10,900,020$ 21,778,696$ 49,268,690$ December 2016 6,162,440$ -$ 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$ Cash and Investments $15,000,000 $25,000,000 $35,000,000 $45,000,000 $55,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 4 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 GENERAL FUND 2013 2014 2015 2016 2017 UNAUDITED Non Spendable 451,088$ 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% Estimated 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. 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. 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 - U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 5 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 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\December 2017 - Financial Statements 6 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 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$ 8,933,063$ 2,862,203$ 32.04%1,497,735$ 4,376,387 4,701,727 5,669,326 2,099,098 37.03%1,930,271 2,005,668 2,442,732 3,235,710 1,274,766 39.40%993,298 1,993,304 2,312,626 2,906,061 934,483 32.16%796,925 3,634,241 4,079,847 4,597,259 1,808,731 39.34%1,967,990 2,742,752 3,509,807 4,647,186 1,290,010 27.76%1,647,083 18,204,964$ 21,604,594$ 29,988,605$ 10,269,291$ 34.24% 8,833,302$ - 16,559,597 - - - 9,327,622 9,488,101 - - - 1,070,704 4,784,003 1,658,566 650,192 39.20%717,739 3,162,027 481,450 15.23%537,527 10,398,325$ 30,831,701$ 4,820,593$ 1,131,642$ 23.48% 1,255,266$ 28,603,289$ 52,436,295$ 34,809,198$ 11,400,933$ 32.75% 10,088,568$ 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 18,245,537 56.81%12,749,658 3,704,119 4,957,710 691,000 534,199 77.31%119,798 2,105 (3,018) - 10,605 678 36,273,146$ 38,452,911$ 32,812,608$ 18,790,341$ 57.27% 12,870,134$ 320,484 - - 50,001 - 450,000 45,034 - - - - - 1,996,590 - - 770,484$ 45,034$ 1,996,590$ 50,001$ 2.50% -$ 37,043,630$ 38,497,945$ 34,809,198$ 18,840,342$ 54.12% 12,870,134$ 8,440,341$ (13,938,350)$ 7,439,409$ 2,781,566$ Subtotal - Operating Revenues Total Expenditures Source Intergovernmental Revenue Interfund Transfers Fund Balance Appropriated Total Revenues Subtotal Other Financing Sources: 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: Sales & Services Other Revenues Subtotal - Operating Expenditures Interfund Transfers Depreciation Interest Principal U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 7 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 PUBLIC UTILITIES FUND PNC Lockbox Money Mkt NCCMT Total December 2017 28,953,329$ 7,750,772$ 5,016,260$ 30,526$ 41,750,887$ November 2017 27,807,215$ 7,213,780$ 5,014,199$ 30,382$ 40,065,576$ October 2017 26,818,623$ 6,886,050$ 5,012,069$ 29,701$ 38,746,444$ 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$ Cash and Investments $25,000,000 $30,000,000 $35,000,000 $40,000,000 $45,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 8 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 SOLID WASTE FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 4,207,775$ 6,129,550$ 4,665,956$ 1,671,360$ 35.82%2,046,228$ 4,207,775$ 6,129,550$ 4,665,956$ 1,671,360$ 35.82% 2,046,228$ - - - - - - - - - - 445,290 - - - - 88,150 466,362 66,027 34,716 52.58%41,041 948,650 447,233 47.14%443,776 - - - 533,439$ 466,362$ 1,014,677$ 481,949$ 47.50% 484,818$ 4,741,214$ 6,595,912$ 5,680,633$ 2,153,309$ 37.91% 2,531,046$ 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$ 68,328$ 27.33%81,014$ 133,790 60,036 90,000 - - 5,313,693 5,731,760 5,335,248 3,819,909 71.60%3,455,897 139,437 2,472,394 3,700 9,519 257.27%560 1,291 2,548 1,500 722 48.13%404 5,856,340$ 8,549,337$ 5,680,448$ 3,898,478$ 68.63% 3,537,875$ 917 - 185 - - - - - - - - - - - - 917$ -$ 185$ -$ -$ 5,857,257$ 8,549,337$ 5,680,633$ 3,898,478$ 68.63% 3,537,875$ 1,116,043$ 1,953,425$ 1,745,169$ 1,006,829$ Fund Balance Appropriated Total Revenues 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 Rents, Concess. & Feees Other Finance Sources Subtotal - Operating Revenues Source Taxes Intergovernmental Revenue Sales & Services Other Revenues Depreciation Interest Principal Cost of Issuance U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 9 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 SOLID WASTE FUND PNC BB&T First Bank NCCMT Total December 2017 1,607,649$ 1,008,334$ 937,891$ 135,202$ 3,689,077$ November 2017 1,558,757$ 999,310$ 928,889$ 135,104$ 3,622,059$ October 2017 -$ 973,412$ 911,171$ 66,727$ 1,951,310$ 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$ Cash and Investments $1,000,000 $2,000,000 $3,000,000 $4,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 10 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 WORKER'S COMPENSATION FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 21,000$ 198,426$ 32,000$ 173,653$ 542.67%14,000$ 1,243,316 3,010,116 1,093,000 420,000 38.43%280,919 - - 455,537 455,537 100.00%- 1,264,316$ 3,208,542$ 1,580,537$ 1,049,190$ 66.38% 294,919$ 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$ 384,653$ 39.45%493,870$ 441,714 2,563,155 150,000 94,143 62.76%100,025$ - - 455,537 - - 2,153,197$ 4,163,139$ 1,580,537$ 478,796$ 30.29% 593,895$ 888,881$ 954,597$ (570,394)$ 298,976$ 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\December 2017 - Financial Statements 11 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 WORKER'S COMPENSATION FUND PNC NCCMT Total December 2017 2,339,792$ 1,211,772$ 3,551,564$ November 2017 2,287,808$ 1,211,772$ 3,499,580$ October 2017 2,387,268$ 1,211,772$ 3,599,040$ 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$ Cash and Investments $2,000,000 $3,000,000 $4,000,000 $5,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 12 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 WORKER'S COMPENSATION FUND 2,573,365$ 73,034 2,699,156$ Liability 198,825 # of Claims this fiscal year 36changes 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\December 2017 - Financial Statements 13 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 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$ 80,746$ 46.06%67,959$ 140,835$ 150,473$ 175,301$ 80,746$ 46.06% 67,959$ 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$ 75,585$ 43.12%73,080$ - - - - - - - - - - 242,612$ 172,135$ 175,301$ 75,585$ 43.12% 73,080$ 101,777$ 21,662$ (5,161)$ 5,121$ Fund Balance Appropriated Department Employee Clinic Total Expenditures Source Departmental Charge Other revenues Total Revenues Revenues over / (under) expenditures U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 14 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 EMPLOYEE CLINIC FUND PNC NCCMT Total December 2017 631,457$ 29,241$ 660,698$ November 2017 639,213$ 29,241$ 668,454$ October 2017 640,629$ 29,241$ 669,870$ 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$ Cash and Investments $650,000 $655,000 $660,000 $665,000 $670,000 $675,000 $680,000 $685,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 15 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 EMPLOYEE CLINIC FUND December 2017 131 November 2017 135 October 2017 153 September 2017 133 August 2017 142 July 2017 132 June 2017 120 May 2017 185 April 2017 109 March 2017 201 February 2017 198 January 2017 177 December 2016 165 Employee Clinic Utilization 0 354 Health Prevention # of Visits # Flu shots # Pneumonia shots 0 50 100 150 200 250 Patient Flow U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 16 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 MEDICAL INSURANCE FUND FYE 2016 FYE 2017 UNAUDITED FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 6,818,253$ 6,839,112$ 7,150,000$ 3,037,696$ 42.49%3,307,326$ 634,709 704,945 882,000 385,955 43.76%352,159 8,355 2,919 10,000 3,584 35.84%2,541 7,461,317$ 7,546,976$ 8,042,000$ 3,427,235$ 42.62% 3,662,026$ 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$ 4,384,879$ 54.81%3,608,386$ 26,178 19,851 42,000 4,629 11.02%15,811 7,918,631$ 8,013,982$ 8,042,000$ 4,389,508$ 54.58% 3,624,197$ 457,314$ 467,006$ 962,273$ (37,829)$ 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\December 2017 - Financial Statements 17 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 MEDICAL INSURANCE FUND PNC NCCMT Total December 2017 2,724,166$ 543,297$ 3,267,463$ November 2017 2,724,166$ 543,297$ 3,267,463$ October 2017 2,503,575$ 543,297$ 3,046,872$ 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$ 3.96 3.65 2.51 2.28 Cash and Investments 4.13 *Number of Months Average Monthly Cost on Hand 4.92 * Based on running average (18 month, see below) cost of claims. 3.70 4.92 4.34 4.60 3.85 4.59 3.87 3.88 3.64 3.87 3.76 3.64 $2,000,000 $2,200,000 $2,400,000 $2,600,000 $2,800,000 $3,000,000 $3,200,000 $3,400,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 18 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 MEDICAL INSURANCE FUND Employees & Pre-65 Retirees Total Membership Net Paid Claims Fixed Cost Loss Ratio Premium Equivalent December 2017 866 1,322 764,148.08$ 66,112.11$ 113.77%729,765.50$ November 2017 867 1,332 761,805.97$ 64,198.44$ 113.19%729,765.50$ October 2017 863 1,324 581,206.37$ 62,181.09$ 87.65%734,013.78$ September 2017 862 1,315 614,099.71$ 65,346.44$ 92.95%731,001.65$ 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$ 849 1,287 10,797,455.92$ 1,149,677.09$ 98.95% 12,073,426.83$ Year to Date (membership = avg) Medical Paid Claims Summary 50% 75% 100% 125% 150% 175% Medical Plan Loss Ratio U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 19 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 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$ 195,461$ 60.14%187,872$ 36,698 37,022 50,000 19,595 39.19%18,135 332,547$ 411,202$ 375,000$ 215,056$ 57.35% 206,007$ 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$ 237,617$ 63.36%226,154$ - - - - - 369,211$ 490,944$ 375,000$ 237,617$ 63.36% 226,154$ 36,664$ 79,742$ 22,561$ 20,147$ 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\December 2017 - Financial Statements 20 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 DENTAL INSURANCE FUND PNC NCCMT Total December 2017 338,261$ -$ 338,261$ November 2017 322,359$ -$ 322,359$ October 2017 312,464$ -$ 312,464$ 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$ Cash and Investments *Number of Months Average Monthly Cost on Hand 9.60 8.84 8.89 8.96 9.22 9.40 9.03 8.87 9.15 8.35 8.40 8.24 8.24 7.97 * Based on running average (18 month, see below) cost of claims. 7.89 8.05 7.65 7.90 $250,000 $275,000 $300,000 $325,000 $350,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 21 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 DENTAL INSURANCE FUND Total Employees Total Membership Net Paid Claims Fixed Cost Loss Ratio Premium Equivalent December 2017 902 1,456 23,656.70$ 3,950.48$ 70.85%38,963.56$ November 2017 902 1,456 23,656.70$ 3,950.48$ 70.85%38,963.56$ October 2017 898 1,458 31,749.70$ 3,937.37$ 90.76%39,318.72$ September 2017 897 1,452 40,606.95$ 3,911.15$ 113.17%39,336.03$ 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$ 864 1,389 566,089.99$ 68,254.16$ 91.33% 694,590.22$ Dental Paid Claims Summary Year to Date (membership = avg) 50% 75% 100% 125% Dental Plan Loss Ratio U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 22 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 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$ 125,396,636$ 57,780,195$ 46.08%55,146,908$ 115,268,881$ 106,100,707$ 125,396,636$ 57,792,661$ 46.09%55,151,764$ -$ 7,807$ -$ 12,466$ 4,856$ 22,838,609 20,553,383 27,827,027 11,458,506 41.18%12,079,963$ 21,557,719 21,058,298 27,827,027 12,628,086 45.38%11,829,040$ (1,280,890)$ 504,915$ -$ 1,169,580$ (250,923)$ 11,365,474 10,646,921 13,769,490 5,037,812 36.59%5,236,197$ 11,365,474 10,649,134 13,769,490 5,047,956 36.66%5,236,227$ -$ 2,213$ -$ 10,144$ 30$ 3,165,403 3,395,126 1,411,640 7,342 0.52%-$ 2,844,295 3,534,258 1,411,640 284 0.02%213$ (321,108)$ 139,132$ -$ (7,058)$ 213$ 10,013,377 9,236,883 11,365,310 4,280,338 37.66%4,158,234$ 10,608,154 10,202,351 11,365,310 3,915,111 34.45%3,748,765$ 594,777$ 965,468$ -$ (365,227)$ (409,469)$ 304,258 250,473 282,502 91,813 32.50%160,552$ 299,648 292,574 282,502 103,578 36.66%102,365$ (4,609)$ 42,101$ -$ 11,766$ (58,187)$ 4,720,189 5,456,564 7,584,105 2,171,664 28.63%3,436,964$ 5,253,011 6,017,872 7,584,105 1,869,890 24.66%2,351,258$ 532,822$ 561,307$ -$ (301,774)$ (1,085,706)$ 167,676,190 155,632,250 187,636,709 80,827,670 43.08%80,218,817 167,197,181 157,855,193 187,636,709 81,357,565 43.36%78,419,632 (479,009)$ 2,222,943$ -$ 529,895$ (1,799,185)$ * Latest available numbers from the Board of Education's web site. State Fund Fund Group Dunn District Fund Expenditures Revenues Local Current Expense Fund Expenditures Revenues Federal Grant Fund Expenditures Revenues Capital Outlay Fund Expenditures Revenues Expenditures Revenues Local Restricted Fund Expenditures Revenues Total All Funds Child Nutrition Fund Expenditures Revenues Expenditures Revenues U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 23 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 BOARD OF EDUCATION 2013 2014 2015 2016 2017 Non Spendable 1,417,080$ 2,130,098$ 1,849,351$ 1,796,064$ 1,762,157$ Restricted 2,813$ 67,971$ 21,420$ 25,507$ 31,744$ Committed -$ -$ -$ -$ -$ Assigned 4,004,023$ 3,508,927$ 5,466,811$ 3,845,000$ 3,750,000$ Unassigned 5,426,606$ 3,000,000$ 2,889,118$ 3,274,629$ 3,425,107$ 10,850,522$ 8,706,996$ 10,226,700$ 8,941,200$ 8,969,008$ General Fund Expenditures 20,262,634$ 22,848,788$ 20,369,083$ 23,089,579$ 23,143,782$ 26.78% 13.13% 14.18% 14.18% 14.80% 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. Unassigned Fund Balance as a % of Expenditures Total General Fund 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\December 2017 - Financial Statements 24 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 2017 BOARD OF EDUCATION ADM * MLD ** ADM Change MLD Change Month 1 20,390 20,515 Month 1 Revd 20,372 20,460 (18)(55) Month 2 20,463 20,481 91 21 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Final Public School Membership Fiscal Year 2017-2018 Initial Allotment20,979 * ADM = Average Daily Membership is an average over across a school month ** MLD + Membership Last Day is for the last day of the school month 1.00% 11.00% 21.00% 2013 2014 2015 2016 2017 26.78% 13.13%14.18%14.18%14.80% Fund Balance % U:\My Documents\Monthly Reports\2017 - 2018\December 2017 - Financial Statements 25 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/2/2018 December, 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\December 2017 - Financial Statements 26