HomeMy WebLinkAboutFebruary 2013 Financial StatementsC O U N T Y Harnett
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Revenues:
Ad valorem taxes
Other taxes and licenses
Unrestricted intergovernmental
Restricted intergovernmental
Permits and fees
Sales and services
Investment earnings
Other general revenues
Total revenues
Expenditures:
Current:
General government
Public safety
Environmental protection
Transportation
Economic and physical development
Human services
Cultural and recreational
Education
Debt service:
Principal
Interest and fees
County of Harnett
Financial Summary Report
February 28, 2413
General Fund
Current Budget Y -T -D %
Annual Budget (8 months) Actual to Date Collected
$ 53,720,461
35,813,641 $
50,436,981
93.89%
14,133,123
9,422,082
5,711,196
40.41%
40,044
26,696
25,669
64.10%
19,345,232
12,896,821
12,216,081
63.15%
2,496,659
1,664,439
1,830,660
73.32%
9,698,309
6,465,539
4,271,930
44.05%
4,856
3,237
3,148
64.83%
2,754,399
1,836,266
1,584,703
57.53%
6,578,594
4,385,729
$ 102,193,083
68,128,722 $
76,080,368
74.45 %
Current Budget
Annual Budget (8 months)
Actual to Date
Including
Encumbrances
Y -T -D %
Expended
$ 12,088,463
8,058,975 $
8,942,078
7397%
27,541,549
18,361,033
18,545,236
67.34 %
136,066
90,711
81,216
59.69%
186,568
124,379
163,450
87.61 %
5,270,093
3,513,395
3,902,089
74.04%
27,896,332
18,597,555
17,842,895
63.96%
1,430,048
953,365
841,830
58.87%
20,950,818
13,967,212
13,967,212
66.67%
6,578,594
4,385,729
4,230,965
64.31%
4,608,881
3,072,587
2,323,236
50.41%
Total expenditures $ 106,687,412 71,124,941 $ 70,840,205 66.40%
Excess(deficiency) of revenues over (under)
expenditures $ (4,494,329) (2,996,219) $ 5,240,163
Other financing sources (uses):
Capital Lease Sources $
1,165,000
$
776,666.67 $
-
Residual Equity
1,037,351
$
691,567.33
33,360
Transfers in
434,113
$
289,408.67
-
Transfers out
(455.491)
$
(303,660.67)
(7,070)
Appropriated Fund Balance
2,336,763
$
1,557,842.00
-
Capital Reserve
-
$
-
-
Contingency
(23,407)
$
(15,604.67)
-
Total other financing sources (uses) $
4,494,329
$
2,996,219.33 $
26,290
Y -T -D Fund Balance Increase (Decrease) $
-
$
- $
5,266,453
Current Year Encumbrances - General Fund $ 4,579,316
BALANCE SHEET - GENERAL FUND
February 28, 2013
Assets:
General Fund
Cash and investments
$34,267016
Taxes receivable, net
3,830,886
Accounts receivable, net
4,088,683
Due from other funds
27,103
Inventories
125,392
Prepaid Items
752,097
Restricted assets:
Cash and cash equivalents
530
Accounts receivable
4,480
Capital assets:
Land and construction in progress
12,482,230
Other capital assets, net
35,626,187
School debt /assets
118,329,894
Total assets
$209,534,496
Liabilities:
Current liabilities:
Accounts payable and accrued liabilities
$835,956
Due to other funds
429,646
Unearned revenues
223,503
Deferred revenues
8,850,985
Current portion of long term debt
6,424,013
Total current liabilities
16,764,103
Non - current liabilities:
Non - current portion of long term debt
151,655,962
Other post - employment benefits
5,164,299
Non - current portion of compensated absences
2,404,255
Total non - current liabilities
159,224,515
Total Liabilities
$175,988,618
Fund Balances:
Reserved for Encumbrances
4,579,316
Reserved for Debt Service
574,024
Fund Balance
28,392,537
Total Fund Balances
33,545,878
Total liabilities and fund balance $209,534,496
HARNETT COUNTY, NORTH
M, ►. O►. , . FUNDS
Uebruary 28, 2013
Non - current assets:
Land
Water & Sewer
912,287
Other capital assets, net
Fund
Solid Waste Fund
Assets:
722,803
39,148
Current assets:
180,189,075
3,381,028
Cash and cash investments
$17,024,219
$1,479,519
Accounts receivable, net
2,764,261
506,347
Due from other funds
4,325,953
0
Inventory
513,713
0
Prepaid
0
0
Restricted assets:
0
0
Cash and cash investments, restricted
309,981
20
Amounts to be provided /debt
77,526,912
1,885,057
Total current assets
102,465,039
3,870,943
Non - current assets:
Land
1,827,526
912,287
Other capital assets, net
177,638,746
2,429,593
Bond issuance cost, net
722,803
39,148
Total non- current assets
180,189,075
3,381,028
Total assets
$282,654,114
$7,251,971
Liabilities:
Current liabilities:
Accounts payable and accrued liabilities
$316,452
$8,171
Due to other funds
0
0
Unearned revenues
112,807
0
Customer Deposits
1,671,988
0
Deferred Revenues
222,340
451,947
Current portion of long term debt
2,216,097
65,517
Total current liabilities
4,539,685
525,635
Non- current liabilities:
Non - current portion of long term debt
75,000,815
1,819,540
Post Closure Liabilities
1,570,845
Other post - employment benefits
740,420
78,910
Non - current portion of compensated absences
540,442
48,850
Total non- current liabilities
76,281,677
3,518,145
Total Liabilities
$80,821,362
$4,043,780
Fund Balances:
Reserved Encumbrances
2,864,434
1,192,507
Reserved for Debt Service
309,837
0
GAAP Adjustments
1,536,473
0
Fund Balance
197,122,008
2,015,684
Total Fund Balances
201,832,752
3,208,192
Total liabilities and fund balance $282,654,114 $7,251,971
r v Harnett
County of Harnett
Financial Summary Report
..r _ G R .<< 0...A
February 28, 2013
Public Utilities Fund
Current Budget
Y -T -D %
Annual Budget (8 months)
Actual to Date
Collected
Revenues:
Charges for services
$ 22,107,000 14,738,000
$ 15,486,864
70.05%
Water and sewer taps
345,000 230,000
194,390
56.34%
Investment earnings
5,000 3,333
2,749
54.99%
Johnston County
3,600 2,400
3,703
102.86%
Other operating revenues
2,258,812 1,505,875
1,660,615
73.52%
Sale of Other Assets
1,000 667
17,102
0.00%
Capital Outlay Offset
- 0
373,440
0.00%
Fund Balance Appropriated
885,097 590,065
-
0.00%
Total revenues
$ 25,605,509 17,070,339
$ 17,738,864
69.28%
Actual to Date
Current Budget
Including
Y -T -D %
Annual Budget (8 months)
Encumbrances
Expended
Expenditures:
Operating Expenses
Capital Lease Districts
Depreciation Expense
Debt Service:
Principal
Interest
Total expenditures
Revenue over(under) expenditures
Other financing sources (uses):
Transfers in
Transfers out
Total other financing sources (uses)
Excess of revenues and other financing
sources (uses) over (under)
expenditures and other financing
sources (uses)
$ 19,011,328 12,674,219 $ 12,119,392 63.75%
2,792,620 1,861,747 239,739 8.58%
- - - 0.00%
2,216,099 1,477,399 863,503
1,080,365 720,243 724,924
$ 25,100,412 16,733,608 $ 13,947,559
$ 505,097 $ 336,731 $ 3,791,305
(505,097) (336,731.33) _
$ (505,097) (336,731) $
Current Year Encumbrances - Public Utilities $ 2,864,434
$ 3,791,305
38.97%
-, County.of Harnett
N T Y Financial Summary Report
February 28, 2013
Solid Waste Fund
Revenues:
Solid Waste User Fees
Other operating revenues
Investment Earnings
Solid Waste state taxes
Capital Outlay Offset
Sale of Other Assets
Fund Balance Appropriated
Total revenues
Expenditures:
Operating Expenses
Depreciation Expense
Debt Service:
Principal
Interest
Total expenditures
Revenue over(under) expenditures
Other financing sources (uses):
Bonds and capital lease issuance
Bond Premium
Revenue Bonds
Payment to Escrow Agent
Residual Equity Transfer
Transfers in
Transfers out
Total other financing sources (uses)
Excess of revenues and other financing
sources (uses) over (under)
expenditures and other financing
sources (uses)
Current Budget
Annual Budget
(8 months)
Actual to Date
$ 5,014,623
3,343,082
$ 3,964,454
400
267
302
200
133
172
259,000
172,667
109,453
2,000
1,333
856
$ 5,276,223
3,517,482
$ 4,075,238
Current Budget
Annual Budget (8 months)
Actual to Date
Including
Encumbrances
Y -T -D %
79.06%
75.55%
86.13%
42.26%
0.00%
42.80%
Y -T -D %
Expended
$ 4,924,915 3,283,277 $ 3,760,560 76.36%
- - - 0.00%
- - - 0.00%
65,518 43,679 65,518 100.00%
85,790 57,193 38,073 44.38%
$ 5,076,223 3,384,149 $ 3,864,150 76.12%
$ 200,000 133,333 $ 211,088
(200,000)
$ (200,000)
Current Year Encumbrances -Solid Waste $ 1,192,507
(133,333) _
(133,333) $
211,088