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Home My WebLink AboutMarch 2013 Financial StatementsHarnett C0UNTy Revenues: Ad valorem taxes Other taxes and licenses Unrestricted intergovernmental Restricted intergovernmental Permits and fees Sales and services Investment earnings Other general revenues Total revenues Expenditures: Current: General government Public safety Environmental protection Transportation Economic and physical development Human services Cultural and recreational Education Debt service: Principal Interest and fees Total expenditures County of Harnett Financial Summary Report March 31, 2013 General Fund 6,578,594 4,608,881 $ 107,259,293 Excess(deficiency) of revenues over (under) expenditures $ (4,589,752 Other financing sources (uses): Capital Lease Sources Residual Equity Transfers in Transfers out Appropriated Fund Balance Capital Reserve Contingency Total other financing sources (uses) Y -T -D Fund Balance Increase (Decrease) 4,933,946 4,230,965 64.31% 3,456,661 2,324,326 50.43% 80,444,470 $ 78,028,043 (3,442,314) $ 2,523,617 $ 1,165,000 Current Budget 873,750.00 $ Y -T -D % Annual Budget (9 months) Actual to Date Collected $ 53,720,461 40,290,346 $ 51,607,549 96.07% 14,133,123 10,599,842 6,972,147 49.33% 40,044 30,033 30,267 75.58% 19,719,411 14,789,558 12,967,103 65.76% 2,441,709 1,831,282 2,229,930 91.33% 9,896,801 7,422,601 4,662,595 47.11% 4,856 3,642 3,211 66.13% 2,713,136 2,034,852 2,078,858 76.62% $ 102,669,541 77,002,156 $ 80,551,660 78.46% Actual to Date Current Budget Including Y -T -D % Annual Budget (9 months) Encumbrances Expended $ 12,055,597 9,041,698 $ 9,692,400 80.40% 27,598,269 20,698,702 20,575,192 74.55% 136,066 102,050 91,372 67.15% 186,568 139,926 169,473 90.84% 5,328,740 3,996,555 4,251,257 79.78% 28,385,712 21,289,284 20,052,947 70.64% 1,430,048 1,072,536 926,998 64.82% 20,950,818 15,713,114 15,713,114 75.00% 6,578,594 4,608,881 $ 107,259,293 Excess(deficiency) of revenues over (under) expenditures $ (4,589,752 Other financing sources (uses): Capital Lease Sources Residual Equity Transfers in Transfers out Appropriated Fund Balance Capital Reserve Contingency Total other financing sources (uses) Y -T -D Fund Balance Increase (Decrease) 4,933,946 4,230,965 64.31% 3,456,661 2,324,326 50.43% 80,444,470 $ 78,028,043 (3,442,314) $ 2,523,617 $ 1,165,000 $ 873,750.00 $ - 1,037,351 $ 778,013.25 34,584 440,116 $ 330,087.00 - (455,491) $ (341,618.25) (7,070) 2,426,183 $ 1,819,637.25 - (23,407) $ (17,555.25) - $ 4,589,752 $ 3,442,314.00 $ 27,514 $ - $ - $ 2,551,131 Current Year Encumbrances - General Fund $ 4,515,259 �n / BALANCE SHEET - GENERAL FUND March 31, 2013 General Fund Assets: Cash and investments $30,607,647 Taxes receivable, net 3,553,240 Accounts receivable, net 4,902,531 Due from other funds 27,103 Inventories 189,410 Prepaid Items 752,173 Restricted assets: Cash and cash equivalents 530 Accounts receivable 408,570 Capital assets: Land and construction in progress 12,482,230 Other capital assets, net 29,986,643 School debt /assets 113,329,894 Total assets $196,239,969 Liabilities: Current liabilities: Accounts payable and accrued liabilities $292,446 Due to other funds 429,646 Unearned revenues 229,942 Deferred revenues 8,727,732 Current portion of long term debt 2,388,644 Total current liabilities 12,068,409 Non- current liabilities: Non - current portion of long term debt Other post - employment benefits Non - current portion of compensated absences Total non- current liabilities Total Liabilities Fund Balances: Reserved for Encumbrances Reserved for Debt Service Fund Balance Total Fund Balances Total liabilities and fund balance 145,224,319 5,164,299 3,021,505 153,410,122 $165,478,531 4,515,259 574,024 25,672,155 30,761,438 $196,239,969 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) $ 505,097 $ 378,823 $ 4,981,680 (505,097) $ (505,097) Current Year Encumbrances- Public Utilities $ 2,503,184 (378,823) - (378,823) $ - $ 4,981,680 County of Harnett C 0 U N T Y Financial Summary Report March 31, 2013 Public Utilities Fund Current Budget Y -T -D % Annual Budget (9 months) Actual to Date Collected Revenues: Charges for services $ 22,107,000 16,580,250 $ 16,982,008 76.82% Water and sewer taps 345,000 258,750 227,627 65.98% Investment earnings 5,000 3,750 2,783 55.66% Johnston County 3,600 2,700 3,703 102.86% Other operating revenues 2,258,812 1,694,109 2,179,130 96.47% Sale of Other Assets 1,000 750 17,102 0.00% Capital Outlay Offset - 0 373,440 0.00 % Fund Balance Appropriated 885,097 663,823 - 0.00% Total revenues $ 25,605,509 19,204,132 $ 19,785,794 77.27% Actual to Date Current Budget Including Y -T -D % Annual Budget (9 months) Encumbrances Expended Expenditures: Operating Expenses $ 19,011,328 14,258,496 $ 12,778,061 67.21% Capital Lease Districts 2,792,620 2,094,465 244,886 8.77% Depreciation Expense - 0 - 0.00% Debt Service: 0 Principal 2,216,099 1,662,074 957,670 43.21% Interest 1,080,365 810,274 823,497 76.22% Total expenditures $ 25,100,412 18,825,309 $ 14,804,114 58.98% 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) $ 505,097 $ 378,823 $ 4,981,680 (505,097) $ (505,097) Current Year Encumbrances- Public Utilities $ 2,503,184 (378,823) - (378,823) $ - $ 4,981,680 Harnett COUNT! No R E R, .,1 , 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) County of Harnett Financial Summary Report March 31, 2013 Solid Waste Fund Current Budget Annual Budget (9 months) Actual to Date $ 5,014,623 3,760,967 $ 4,089,597 400 300 379 200 150 180 259,000 194,250 109,453 2,000 1,500 36,920 $ 5,276,223 3,957,167 $ 4,236,530 Actual to Date Current Budget Including Annual Budget (9 months) Encumbrances $ 4,924,915 3,693,686 $ 3,839,635 65,518 49,139 65,518 85,790 64,343 38,073 $ 5,076,223 3,807,167 $ 3,943,226 $ 200,000 150,000 $ 293,304 Excess of revenues and other financing sources (uses) over (under) expenditures and other financing sources (uses) (200,000) $ (200,000) Current Year Encumbrances -Solid Waste $ 1,120,536 (150,000) - (150,000) $ - $ 293,304 Y -T -D % 81.55/0 94.75% 90.25% 42.26% 0.00% 1846.00% 80.29% Y -T -D % 77.96% 0.00% 0.00% 100.00% 77.68% ., A_iWTT COUNTY, NORTH CAROLINA BALANCE SHEET- PROPRIETARY FUNDS March 31, 2013 Water & Sewer Fund Assets: Current assets: Solid Waste Fund Cash and cash investments $17,911,230 $1,566,811 Accounts receivable, net 2,702,131 280,094 Due from other funds 4,325,953 0 Inventory 513,713 0 Prepaid 0 0 Restricted assets: 0 0 Cash and cash investments, restricted 310,014 20 Amounts to be provided /debt 77,526,912 1,885,057 Total current assets 103,2895,952 3,731,982 Non - current assets: Land 1,827,526 912,287 Other capital assets, net 177,651,245 2,429,593 Bond issuance cost, net 722,803 39,148 Total non - current assets 180,201,574 3,381,028 Total assets $283,491,527 $7,113,010 Liabilities: Current liabilities: Accounts payable and accrued liabilities $316,452 $8,171 Due to other funds 0 0 Unearned revenues 116,411 0 Customer Deposits 1,676,673 0 Deferred Revenues 222,340 302,792 Current portion of long term debt 2,216,097 65,517 Total current liabilities 4,547,973 376,480 Nan- 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 $80,829,650 $3,894,625 Fund Balances: Reserved Encumbrances 2,503,184 1,120,536 Reserved for Debt Service 309,837 0 GAAP Adjustments 1,536,473 0 Fund Balance 198,312,383 2,097,848 Total Fund Balances 202,661,877 3,218,385 Total liabilities and fund balance $283,491,527 $7,113,010