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Schedule 31
<br /> Cabarrus County, North Carolina
<br />School Construction Capita l Projects Fund
<br />Schedule of Revenues, Expenditures and Changes in Fund
<br /> Balances -Budget and Actual
<br />From Inception and for the Year Ended June 30, 2009
<br /> Actual
<br /> Project Prior Current Total to
<br /> Authorization Years Year Date
<br />Revenues:
<br />Investment earnings $ 662,540 $ 535,585 $ 378,939 $ 914',524
<br />Total revenues 662,540 535,585 378,939 914,524
<br />Expenditures:
<br />Cost of Debt Issuance 1,164,633 1,159,875 - 1,159,875
<br />Capital outlay -education
<br />AT Allen Elementary Renovations 484,299 850 328,924 329,774
<br />Cox Mill High 45,701,937 17,494,262 22,835,730 40,329,992
<br />Bus Garage 8,789,713 431,316 7,078,392 7,509,708
<br />Hickory Ridge Middle 4,016,850 2,848,500 638,010 3,486,510
<br />Patriots Elementary 468,965 232,792 89,527 322,319
<br />Northwest Elementary 700,764 - - -
<br />Mt Pleasant Middle - 53,685 (53,685) -
<br />A L Brown High Addition 973,143 142,635 604,390 747,025
<br />New Kannapols School 2,902,000 2,875,244 8,584 2,883,828
<br />Total Capital outlay 64,037,671 24,079,284 31,529,872 55,609,156
<br />Total expenditures 65,202,304 25,239,159 31,529,872 56,769,031
<br />Excess (deficiency) of revenues over
<br />(under) expenditures (64,539,764) (24,703,574) (31,150,933) (55,854,507)
<br />Other financing sources (uses):
<br />Issuance of debt -Installment Financing 7,305,000 7,305,000 - 7,305,000
<br />Issuance of debt -Certificates of Participation 65,665,000 65,665,000 - 65,665,000
<br />Premium on issuance of Certificates of Participation 2,596,481 2,596,482 - 2,596,482
<br />Transfer in -General Fund 3,518,638 3,518,638 - 3,518,638
<br />Transfer in -Capital Projects Fund 3,472,128 1,478,344 1,462,879 2,941,223
<br />Transfer in -Special Revenue Fund 1,000,000 1,000,000 - 1,000,000
<br />Transfer in -Capital Reserve Fund 7,246,362 7,246,362 - 7,246,362
<br />Transfer (out) -General Fund - - (2,241) (2,241)
<br />Disbursement for Refunding Installment Financing (7,305,000) (7,305,000) - (7,305,000)
<br />Disbursement to escrow agent (18,958,845) (18,958,846) - (18,958,846)
<br />Total other financing sources (uses) 64,539,764 62,545,980 1,460,638 64,006,618
<br />Excess (deficiency) of revenues and other
<br />financing sources over (under) expenditures
<br />and other financing uses $ - $ 37,842,406 (29,690,295) $ 8,152,111
<br />Fund balance, July 1 37,842,406
<br />Fund balance, June 30 $ 8,152,111
<br />119 Attachment number 3
<br />G-8 Page 396
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