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January 2018 - Financial Statements
HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 GENERAL FUND FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 208,357$ 272,690$ 325,151$ 248,270$ 76.36%238,364$ 294,293 404,153 502,462 340,855 67.84%273,705 53,919 95,207 160,511 163,666 101.97%107,881 205,162 257,066 289,743 203,742 70.32%140,181 381,191 415,400 528,246 190,966 36.15%268,850 811,001 848,360 1,021,531 672,370 65.82%537,945 - 415,000 520,000 251,367 48.34%142,897 81,438 92,784 102,625 63,103 61.49%58,447 1,709,486 1,594,220 1,743,220 930,451 53.38%829,198 158,173 156,539 188,368 114,894 60.99%70,634 543,249 540,424 610,237 303,152 49.68%300,817 1,523,150 1,707,476 1,482,960 760,521 51.28%690,821 194,529 247,359 283,858 135,233 47.64%80,939 3,667,427 2,700,087 2,894,508 1,753,175 60.57%1,051,954 759,735 769,621 837,668 466,362 55.67%330,206 1,787,734 1,962,777 2,223,238 1,334,797 60.04%1,099,683 581,109 592,936 656,704 386,273 58.82%321,323 9,677,549 9,596,512 10,626,417 5,574,238 52.46%4,450,620 442,623 461,128 521,648 272,463 52.23%221,665 26,924 19,237 22,240 22,202 99.83%5,921 66,653 79,381 84,647 41,544 49.08%34,156 - - 123,300 6,701 5.43%- 1,624,091 1,648,761 1,925,480 978,040 50.79%776,292 School Resource Officers 682,489 738,896 778,555 426,192 54.74%336,473 4,551,465 4,669,491 5,312,517 2,789,459 52.51%2,188,464 730,739 829,545 1,067,408 497,389 46.60%403,520 - 58,000 53,959 36,483 67.61%58,000 4,414,723 6,296,462 6,994,743 3,655,918 52.27%2,864,385 1,151,492 14 - - 14 3,361,704 3,361,704 3,462,557 2,019,825 58.33%1,960,991 438,575 437,729 544,075 260,504 47.88%219,606 89,900 65,900 90,000 53,600 59.56%28,950 6,886 5,016 5,037 1,140 22.63%2,548 71,908 75,361 87,203 40,416 46.35%41,189 - - - - - - - - - - 198,422 189,136 284,277 93,407 32.86%79,529 178,736 177,452 198,518 68,569 34.54%93,756 4,000 4,000 4,000 4,000 100.00%4,000 101,648 100,108 115,111 55,607 48.31%40,885 509,983 575,679 775,000 478,337 61.72%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\January 2018 - Financial Statements 1 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 GENERAL FUND FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 436,558 1,017,433 1,266,367 370,279 29.24%317,634 1,309,860 1,363,085 1,544,371 801,470 51.90%673,489 192 19,116 31,997 (533) 17,874 32,171 23,216 24,126 12,665 52.50%10,170 314,013 364,853 441,981 158,410 35.84%150,353 24,494 25,877 31,903 8,244 25.84%10,478 150 - - - - 59,354 - - - - 76,776 77,605 80,643 41,360 51.29%33,933 72,035 45,234 55,741 27,278 48.94%20,153 - - - - - 4,034 657 - - 450 - - - - - 30,035 20,764 45,083 21,990 48.78%11,321 315,244 316,827 337,294 174,564 51.75%140,111 61,164 67,657 71,050 39,239 55.23%31,865 77,511 83,864 90,228 44,876 49.74%35,382 329,421 324,799 374,045 199,832 53.42%154,372 432,337 405,411 441,270 224,954 50.98%176,657 6,082,878 5,745,786 6,384,331 2,961,350 46.38%2,643,840 605,679 605,679 605,679 454,259 75.00%302,840 10,324,942 12,216,121 12,713,027 6,415,705 50.47%5,732,947 9,351,002 9,118,139 9,293,109 4,195,356 45.14%4,154,036 180,399 213,802 270,472 135,805 50.21%93,529 103,322 101,763 120,949 46,258 38.25%46,576 136,805 36,059 45,000 15,550 34.56%20,482 910,122 971,658 1,153,603 574,546 49.80%438,780 153,000 185,000 184,014 17,250 9.37%185,000 435,005 800,422 1,024,702 531,569 51.88%432,491 - - - - - - 72,542 1,120,000 178,384 15.93%- 21,267,993 21,420,138 21,068,027 14,045,351 66.67%10,710,069 280,707 122,625 865,909 674,786 77.93%- 993,967 1,055,200 2,199,000 1,776,084 80.77%1,055,200 - 1,019,467 1,080,450 630,263 58.33%509,733 - 26,197 30,000 5,697 18.99%- - - - - 332,715 - - - - - 70,000 - - - - $ 95,761,633 $ 100,328,607 $ 110,442,093 $ 60,478,072 54.76% $ 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\January 2018 - Financial Statements 2 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 GENERAL FUND FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 2,145,446 3,628,409 1,903,167 1,126,667 59.20%- 4,745,868 3,852,362 4,694,305 2,309,993 49.21%2,000,210 11,551,602 13,660,527 14,596,843 8,558,932 58.64%7,886,071 213,601 (3,131) 10,000 3,775 37.75%(3,131) 36,177,890 - - - - - - 385,901 - - 54,834,407$ 21,138,167$ 21,590,216$ 11,999,367$ 55.58% 9,883,150$ 150,596,040$ 121,466,774$ 132,032,309$ 72,477,439$ 54.89% 58,923,227$ FYE 2016 FYE 2017 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$ 52,834,885$ 95.38%40,658,271$ 6,190,412 6,637,839 6,146,212 3,242,876 52.76%2,681,969 19,279,813 20,518,531 20,655,250 5,993,405 29.02%3,855,972 1,220,493 1,259,723 1,325,000 694,321 52.40%543,392 2,965,577 2,961,556 3,854,840 1,604,779 41.63%1,379,556 20,274,012 18,900,426 22,202,090 9,574,075 43.12%6,988,935 9,204,896 9,857,148 8,286,349 3,795,220 45.80%3,200,717 3,343,042 3,204,306 6,274,259 2,033,220 32.41%1,454,238 73,655 67,075 74,808 42,509 56.82%35,678 117,634,617$ 119,742,240$ 124,212,580$ 79,815,290$ 64.26% 60,798,728$ 97,339 247,493 225,000 245,195 108.98%64,090 37,018,000 24,951 - - - 7,501 1,657,613 6,192,389 9,012 0.15%- - - 1,402,340 - - 37,122,840$ 1,930,057$ 7,819,729$ 254,207$ 3.25% 64,090$ 154,757,457$ 121,672,297$ 132,032,309$ 80,069,497$ 60.64% 60,862,818$ 4,161,417$ 205,523$ 7,592,058$ 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\January 2018 - Financial Statements 3 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 GENERAL FUND PNC Regions MBS NCCMT Total January 2018 7,529,636$ 1,001,432$ 12,844,050$ 26,342,248$ 47,717,367$ 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$ Cash and Investments $15,000,000 $25,000,000 $35,000,000 $45,000,000 $55,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\January 2018 - Financial Statements 4 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 GENERAL FUND 2013 2014 2015 2016 2017 Non Spendable 451,088$ 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\January 2018 - Financial Statements 5 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 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\January 2018 - Financial Statements 6 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 PUBLIC UTILITIES FUND FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 3,452,612$ 4,068,457$ 6,936,473$ 1,104,889$ 15.93%1,497,735$ 4,376,387 4,701,727 5,669,326 2,551,449 45.00%1,930,271 2,005,668 2,442,732 3,235,710 1,457,983 45.06%993,298 1,993,304 2,312,626 2,906,061 1,085,044 37.34%796,925 3,634,241 4,079,847 4,597,259 2,094,960 45.57%1,967,990 2,742,752 3,509,807 4,647,186 1,752,175 37.70%1,647,083 18,204,964$ 21,115,196$ 27,992,015$ 10,046,500$ 35.89% 8,833,302$ - 11,684,213 1,996,590 1,996,590 100.00%- 9,327,622 9,488,101 - - - 1,070,704 2,250,846 1,658,566 672,157 40.53%717,739 3,113,936 3,162,027 550,867 17.42%537,527 10,398,325$ 26,537,096$ 6,817,183$ 3,219,614$ 47.23% 1,255,266$ 28,603,289$ 47,652,292$ 34,809,198$ 13,266,114$ 38.11% 10,088,568$ FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 3,703$ 3,703$ 3,703$ 3,703$ 100.00%-$ 32,563,219 35,382,681 32,117,905 21,860,193 68.06%12,749,658 3,704,119 5,091,063 691,000 624,630 90.40%119,798 2,105 (3,018) - 12,763 678 36,273,146$ 40,474,429$ 32,812,608$ 22,501,289$ 68.58% 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$ 40,519,463$ 34,809,198$ 22,551,290$ 64.79% 12,870,134$ 8,440,341$ (7,132,829)$ 9,285,176$ 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\January 2018 - Financial Statements 7 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 PUBLIC UTILITIES FUND PNC Lockbox Money Mkt NCCMT Total January 2018 30,506,523$ 7,782,284$ 5,018,391$ 30,919$ 43,338,118$ 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$ February 2017 35,929,010$ 4,553,808$ -$ 588,943$ 41,071,761$ 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$ 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$ Cash and Investments $25,000,000 $30,000,000 $35,000,000 $40,000,000 $45,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\January 2018 - Financial Statements 8 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 SOLID WASTE FUND FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 4,207,775$ 5,002,634$ 4,665,956$ 1,858,625$ 39.83%2,046,228$ 4,207,775$ 5,002,634$ 4,665,956$ 1,858,625$ 39.83% 2,046,228$ - - - - - - - - - - 445,290 584,770 - - - 88,150 87,349 66,027 48,695 73.75%41,041 932,725 948,650 844,900 89.06%443,776 - - - - 533,439$ 1,604,844$ 1,014,677$ 893,595$ 88.07% 484,818$ 4,741,214$ 6,607,477$ 5,680,633$ 2,752,220$ 48.45% 2,531,046$ FYE 2016 FYE 2017 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 4,358,623 81.69%3,455,897 139,437 2,472,394 3,700 11,449 309.43%560 1,291 2,548 1,500 919 61.27%404 5,856,340$ 8,549,337$ 5,680,448$ 4,439,319$ 78.15% 3,537,875$ 917 - 185 - - - - - - - - - - - - 917$ -$ 185$ -$ -$ 5,857,257$ 8,549,337$ 5,680,633$ 4,439,319$ 78.15% 3,537,875$ 1,116,043$ 1,941,860$ 1,687,099$ 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\January 2018 - Financial Statements 9 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 SOLID WASTE FUND PNC BB&T First Bank NCCMT Total January 2018 1,463,498$ 1,046,347$ 971,956$ 135,322$ 3,617,122$ 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$ Cash and Investments $1,000,000 $2,000,000 $3,000,000 $4,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\January 2018 - Financial Statements 10 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 WORKER'S COMPENSATION FUND FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 21,000$ 198,426$ 32,000$ 173,653$ 542.67%14,000$ 1,243,316 2,743,792 1,093,000 520,000 47.58%280,919 - - 455,537 455,537 100.00%- 1,264,316$ 2,942,218$ 1,580,537$ 1,149,190$ 72.71% 294,919$ FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 1,711,483$ 1,599,984$ 975,000$ 447,263$ 45.87%493,870$ 441,714 2,563,155 150,000 102,222 68.15%100,025$ - - 455,537 - - 2,153,197$ 4,163,139$ 1,580,537$ 549,485$ 34.77% 593,895$ 888,881$ 1,220,921$ (599,705)$ 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\January 2018 - Financial Statements 11 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 WORKER'S COMPENSATION FUND PNC NCCMT Total January 2018 2,310,482$ 1,211,772$ 3,522,254$ 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$ Cash and Investments $2,000,000 $3,000,000 $4,000,000 $5,000,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\January 2018 - Financial Statements 12 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 WORKER'S COMPENSATION FUND 2,573,365$ 85,082 2,683,986$ Liability 195,703 # 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\January 2018 - Financial Statements 13 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 EMPLOYEE CLINIC FUND FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 140,835$ 150,473$ 175,301$ 92,433$ 52.73%67,959$ 140,835$ 150,473$ 175,301$ 92,433$ 52.73% 67,959$ FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 242,612$ 172,135$ 175,301$ 88,125$ 50.27%73,080$ - - - - - - - - - - 242,612$ 172,135$ 175,301$ 88,125$ 50.27% 73,080$ 101,777$ 21,662$ (4,308)$ 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\January 2018 - Financial Statements 14 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 EMPLOYEE CLINIC FUND PNC NCCMT Total January 2018 632,311$ 29,241$ 661,552$ 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$ Cash and Investments $650,000 $655,000 $660,000 $665,000 $670,000 $675,000 $680,000 $685,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\January 2018 - Financial Statements 15 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 EMPLOYEE CLINIC FUND January 2018 174 December 2017 131 November 2017 135 October 2017 153 September 2017 133 August 2017 142 July 2017 132 June 2017 120 May 2017 185 April 2017 109 March 2017 201 February 2017 198 January 2017 177 Employee Clinic Utilization 0 361 Health Prevention # of Visits # Flu shots # Pneumonia shots 0 50 100 150 200 250 Patient Flow U:\My Documents\Monthly Reports\2017 - 2018\January 2018 - Financial Statements 16 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 MEDICAL INSURANCE FUND FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 6,818,253$ 6,904,230$ 7,150,000$ 3,932,721$ 55.00%3,307,326$ 634,709 704,945 882,000 445,647 50.53%352,159 8,355 2,919 10,000 3,584 35.84%2,541 7,461,317$ 7,612,094$ 8,042,000$ 4,381,952$ 54.49% 3,662,026$ FYE 2016 FYE 2017 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$ 5,110,591$ 63.88%3,608,386$ 26,178 19,851 42,000 5,353 12.75%15,811 7,918,631$ 8,013,982$ 8,042,000$ 5,115,944$ 63.62% 3,624,197$ 457,314$ 401,888$ 733,992$ (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\January 2018 - Financial Statements 17 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 MEDICAL INSURANCE FUND PNC NCCMT Total January 2018 2,642,643$ 543,297$ 3,185,941$ 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$ 4.00 3.69 2.54 Cash and Investments 4.18 *Number of Months Average Monthly Cost on Hand 4.98 * Based on running average (18 month, see below) cost of claims. 3.74 4.85 4.39 4.65 3.89 4.64 3.92 3.92 3.67 3.91 3.80 3.67 4.98 $2,000,000 $2,200,000 $2,400,000 $2,600,000 $2,800,000 $3,000,000 $3,200,000 $3,400,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\January 2018 - Financial Statements 18 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 MEDICAL INSURANCE FUND Employees & Pre-65 Retirees Total Membership Net Paid Claims Fixed Cost Loss Ratio Premium Equivalent January 2018 868 1,318 496,888.52$ 62,435.24$ 77.07%725,712.40$ 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$ 851 1,291 10,727,224.36$ 1,094,379.58$ 97.06% 12,179,872.36$ 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\January 2018 - Financial Statements 19 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 DENTAL INSURANCE FUND FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 295,849$ 378,215$ 325,000$ 226,778$ 69.78%187,872$ 36,698 37,022 50,000 23,511 47.02%18,135 332,547$ 415,237$ 375,000$ 250,289$ 66.74% 206,007$ FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 369,211$ 490,944$ 375,000$ 276,592$ 73.76%226,154$ - - - - - 369,211$ 490,944$ 375,000$ 276,592$ 73.76% 226,154$ 36,664$ 75,707$ 26,303$ 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\January 2018 - Financial Statements 20 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 DENTAL INSURANCE FUND PNC NCCMT Total January 2018 342,004$ -$ 342,004$ 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$ Cash and Investments *Number of Months Average Monthly Cost on Hand 9.84 8.97 9.02 9.09 9.35 9.53 9.16 8.99 9.28 9.73 * Based on running average (18 month, see below) cost of claims. 8.00 8.17 7.76 8.47 8.52 8.36 8.35 8.08 $250,000 $275,000 $300,000 $325,000 $350,000 Cash Flow U:\My Documents\Monthly Reports\2017 - 2018\January 2018 - Financial Statements 21 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 DENTAL INSURANCE FUND Total Employees Total Membership Net Paid Claims Fixed Cost Loss Ratio Premium Equivalent January 2018 902 1,454 22,587.20$ 3,963.59$ 68.12%38,975.72$ 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$ 869 1,397 557,260.82$ 68,211.33$ 89.89% 695,813.27$ Dental Paid Claims Summary Year to Date (membership = avg) 50% 75% 100% 125% Dental Plan Loss Ratio U:\My Documents\Monthly Reports\2017 - 2018\January 2018 - Financial Statements 22 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 BOARD OF EDUCATION FYE 2016 FYE 2017 FYE 2018 Adjusted Budget FYE 2018 Activity Total Percent to Date Same Period Last Fiscal Year 115,268,881$ 120,677,046$ 126,060,700$ 68,510,038$ 54.35%55,146,908$ 115,268,881$ 120,677,046$ 126,060,700$ 68,518,340$ 54.35%55,151,764$ -$ -$ -$ 8,302$ 4,856$ 22,838,609 22,952,031 27,404,111 13,194,299 48.15%12,079,963$ 21,557,719 22,897,852 27,404,111 14,433,819 52.67%11,829,040$ (1,280,890)$ (54,179)$ -$ 1,239,521$ (250,923)$ 11,365,474 12,038,613 13,788,206 5,830,914 42.29%5,236,197$ 11,365,474 12,038,613 13,788,206 5,835,752 42.32%5,236,227$ -$ -$ -$ 4,837$ 30$ 3,165,403 3,423,972 1,411,640 26,178 1.85%-$ 2,844,295 3,534,301 1,411,640 284 0.02%213$ (321,108)$ 110,329$ -$ (25,894)$ 213$ 10,013,377 10,201,124 11,365,310 5,135,604 45.19%4,158,234$ 10,608,154 10,538,806 11,365,310 4,581,980 40.32%3,748,765$ 594,777$ 337,683$ -$ (553,624)$ (409,469)$ 304,258 269,520 282,502 95,287 33.73%160,552$ 299,648 307,645 282,502 168,391 59.61%102,365$ (4,609)$ 38,125$ -$ 73,104$ (58,187)$ 4,720,189 6,661,462 8,109,701 2,845,165 35.08%3,436,964$ 5,253,011 6,540,994 8,109,701 2,582,540 31.85%2,351,258$ 532,822$ (120,468)$ -$ (262,624)$ (1,085,706)$ 167,676,190 176,223,768 188,422,169 95,637,486 50.76%80,218,817 167,197,181 176,535,258 188,422,169 96,121,107 51.01%78,419,632 (479,009)$ 311,490$ -$ 483,621$ (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\January 2018 - Financial Statements 23 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 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\January 2018 - Financial Statements 24 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 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 20,420 20,497 (43)16 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\January 2018 - Financial Statements 25 HARNETT COUNTY FINANCIAL SUMMARY REPORT 2/21/2018 January, 2018 BOARD OF EDUCATION 19,500 20,000 20,500 21,000 Harnett County School Membership ADM MLD U:\My Documents\Monthly Reports\2017 - 2018\January 2018 - Financial Statements 26