March 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