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Cabarrus County, North Carolina
<br />Internal Service Funds
<br />Combining Statement of Revenues, Expenses and Changes in Fund Net Assets
<br />For the Year Ended June 30, 2009
<br /> Worker's Self-Insured
<br /> Compensation Hospitalization
<br /> Fund Fund Total
<br /> Operating revenues:
<br /> Insurance premiums $ - $ 7,167,699 $ 7,167
<br />699
<br />~ Insurance refunds - 78,110 ,
<br />78,110
<br /> Total operating revenues - 7,245,809 7,245,809
<br /> Operating expenses:
<br /> General and administrative 78,370 1,160,571 1,238,941
<br /> Claims 291,113 5,194,040 5,485,153
<br /> Total operating expenses 369,483 6,354,611 6,724,094
<br /> Operating income (loss) (369,483) 891,198 521,715
<br /> Nonoperating revenues:
<br /> Investment earnings 20,867 33,155 54,022
<br />
<br /> Change in net assets 348 1
<br />( ,6 6)
<br />924,353
<br />575,737
<br /> Net assets, July 1 1,435,314 1,144,250 2,579,564
<br /> Net assets, June 30 $ 1,086,698 $ 2,068,603 $ 3,155,301
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<br /> 102 Attachment number 3
<br /> G-8 Page 378
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