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Cabarrus County, North Carolina
<br />Notes to the Financial Statements
<br />For the Year Ended June 30, 2009
<br />F. Payables
<br />Payables at the government-wide level for the Primary Government at June 30, 2009, were as follows:
<br /> Salaries and
<br /> Vendors Benefits Other Total
<br />Governmental Activities:
<br />General $ 4,864,733 $1,715,949 $ 390,983 $ 6,971,665
<br />Justice Center Construction 4,364,330 - - 4,364,330
<br />School Construction 1,757,063 - - 1,757,063
<br />Other Governmental 758,208 4,819 100,000 863,027
<br />Total-governmental activities $11,744,334 $1,720,768 $ 490,983 $ 13,956,085
<br />Business-type activities
<br />Landfill $ 116,294 $ 12,873 $ - $ 129,167
<br />Payables at the government-wide level for the Cabarrus Health Alliance at June 30, 2009, were as follows:
<br />Salaries and
<br />Venders Benefits Total
<br />Governmental Activities:
<br />General $ 317,662 $ 605,801 $ 923,463
<br />Total-governmental activities $ 317,662 $ 605,801 $ 923,463
<br />G. Closure and Postclosure Care Cost -Cabarrus County Landfill Facility
<br />Federal and state laws and regulations require Cabarrus County to place a final cover on its landfill facility when
<br />it stops accepting waste and to perform certain monitoring functions at the site for thirty years after closure.
<br />Although closure and postclosure care costs are typically paid near or after the date that the landfill stops
<br />accepting waste, the County reports an annual capital reserve operating expense as an estimate of these
<br />closure and postclosure care costs. Actual Costs may be higher due to inflation, changes in technology, or
<br />changes in regulations. The $4,753,611 reported as the landfill's closure and postclosure liability at June 30,
<br />2009 represents a cumulative amount reported to-date. This amount is based on what it would cost to perform
<br />all closure and postclosure care in Fiscal Year 2009. The change in the closure/postclosure liability from FY
<br />2008 to FY 2009 resulted in a net increase of $192,241.
<br />The County's liability is set aside for the closure and postclosure of the following:
<br />• The Municipal Solid Waste (MSW) reached capacity in 1997 and was covered in 1998.
<br />• An expansion area that sits on the top of the MSW site was added in 1998 to accept construction and
<br />demolition waste (C&D). This expansion area has reached capacity and is set to be covered in 2010.
<br />• An additional C&D expansion area was opened in Fiscal Year 2006 and is expected to reach full
<br />capacity next fiscal year.
<br />• Anew C&D expansion area was approved by the Board of Commissioners in September 2008 to
<br />continue to provide services to the community. This is set to begin construction in Fiscal Year 2010.
<br />Cabarrus County has met the requirements of the local government financial assurance test that is one option
<br />under state and federal laws and regulations that aids in determining if a unit and secure and financially able to
<br />meet the necessary closure and postclosure care requirements as of each balance sheet date. Governments
<br />53 Attachment number 3
<br />G-8 Page 327
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