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Harnett County, North Carolina
Comprehensive Annual
Financial Report for the fiscal year ended June 30, 2012
Prepared by the Harnett County Finance Office Sylvia Blinson, Finance Officer
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HARNETT COUNTY, NORTH CAROLINA
TABLE OF CONTENTS
PAGE
INTRODUCTORY SECTION: Letter of Transmittal……………………………………………………………………………………… i GFOA Certificate of Achievement……………………………………………………………………… x
Map of Harnett County, North Carolina……………………………………………………………….. xi
Organizational Chart…………………………………………………………………………………….. xii
Members of the Board of County Commissioners and Administrative and County Officers…………………………………………………………….. xiii
FINANCIAL SECTION INDEPENDENT AUDITORS’ REPORT……………………………………………………………….. 1 MANAGEMENT’S DISCUSSION AND ANALYSIS…………………………………………………… 3
BASIC FINANCIAL STATEMENTS: GOVERNMENT-WIDE FINANCIAL STATEMENTS: Statement of net assets…………………………………………………………………………….. 21 Statement of activities……………………………………………………………………………….. 22 FUND FINANCIAL STATEMENTS: Balance sheet - governmental fund types ………………………………………………………... 24
Statement of revenues, expenditures and changes in fund balances – governmental funds ……………………………………………………………………. 26
Reconciliation of the statement of revenues, expenditures and changes in fund balances of governmental funds to the statement of activities………………….…………………………………………………………………………. 27
Statement of revenues, expenditures and changes in fund balances - budget and actual – general fund .…………………………………………………….…………… 28
Statement of net assets – proprietary funds.……………………………………………….……… 29 Statement of revenues, expenses and changes in fund net assets – proprietary funds.…………………………………………………………………………… 30
HARNETT COUNTY, NORTH CAROLINA
TABLE OF CONTENTS
PAGE
Statement of cash flows – proprietary funds.………………………………………………………. 31
Statement of fiduciary net assets – fiduciary funds.………………………………………………. 32
Notes to basic financial statements.………………………………………………………..………. 33
REQUIRED SUPPLEMENTAL FINANCIAL DATA Law enforcement officers’ special separation allowance…………………………………………. 75 Other post-employment benefits - retiree health plan…………………………………………….. 76
STATEMENTS/SCHEDULES:
Major Funds - Governmental: Schedule of revenues, expenditures and changes in fund balance - budget and actual – General Fund………………………………………………………….. 77
Nonmajor Funds - Governmental Combining balance sheet - nonmajor governmental funds………………………………………. 88 Combining statement of revenues, expenditures and changes in fund balances - nonmajor governmental funds………………………………..…………... 89
Special Revenue Funds: Combining balance sheet - nonmajor special revenue funds……………………………………. 90 Combining statement of revenues, expenditures and changes in fund balances - nonmajor special revenue funds……………………..………………… 92 Schedule of revenues, expenditures, and changes in fund balances - budget and actual:
Section 8 Housing Fund….…………………………………………………………………………… 94 Economic Development Greens Jobs ……………………………………………………………… 95 Special Districts Fund ……………………………………………………………….……..………… 96 Law Enforcement Fund ..…………..………………………………………………………………… 97
Emergency Telephone System Fund………………………………………………………………. 98
Automation Enhancement & Preservation Fund…..…………………………………………..….. 99
Emergency Response Planning Fund..…………………………………………………………….. 100 Harnett Memorial Fund……………………………………………………………………….…….… 101
HARNETT COUNTY, NORTH CAROLINA
TABLE OF CONTENTS
PAGE Abandoned Manufacturing Homes Fund………………………………………………………..…. 102
Floodplain Mapping Fund..…………………………………………………………...………….….. 103 WIA Youth Program Fund…………………………………………………………...……….……… 104 AMPI Unrecoverable Cost Fund………………………………………………………….…………. 105 ARRA Fund………………………………………………………………….……………...…………. 106 ARRA 441 Fund…………………………………………………………….……………...…………. 107 Employment Transportation……………………………………………….……………...…………. 108 Electronic Management………………………………………………….……………...…………... 109
Capital Project Funds: Combining balance sheet - nonmajor capital project funds……………………………………… 110 Combining statement of revenues, expenditures and changes in fund balances - nonmajor capital project funds………………………..………………. 112 Schedule of revenues, expenditures and changes in fund balance: Transportation Facility Design……………………………………………..……………………….. 114 Land Acquisition and Runway Safety………………….………………………………………..…. 115 Barbeque Creek Park …………………………………..…………………………………….......... 116 School Improvements QZAB III ………………………………..…………………………………… 117 Emergency Services Renovation ………………………………………………….………..….…. 118 Boone Trail Elementary ………………………………………….………………………………….. 119 Harnett Central High School………………………………………………………………………… 120 Johnsonville Elementary School…………………………………………………………………….. 121 Highland Elementary School Gym…………………………………………………………………... 122 Angier Elementary School……………………………………………………………………………. 123 Law Enforcement Expansion………………………………………………………………………… 124
HARNETT COUNTY, NORTH CAROLINA
TABLE OF CONTENTS
PAGE Airport Overlay Zoning Project………………………………………………………………………. 125 Campo Pedestrian Trail Project…………………………………………………………………….. 126 Good Hope Mental Health Project………………………………………………………………..…. 127 Single Family………………………………………………………………………………………….. 128 Airport Runway Reimburse………………………………………………………………………….. 129 Hangar Planning………………………………………………………………………………………. 130 Airport SWPP…………………………………………………………………………………………. 131 Scattered Site Housing II……………………………………………………………………………. 132 Taxi and Apron ………………………………………………………………………………………. 133
Enterprise Funds: Schedule of revenues and expenditures - budget and actual (non-GAAP) Water and Sewer Fund…………………………………………………………..……………..…… 134 Schedule of revenues and expenditures - budget and actual (non-GAAP) Non-operating Enterprise Fund North - Buies Creek/Coats ……..……………………………… 137 Non-operating Enterprise Fund - South Central.………………………………….……………… 138 Non-operating Enterprise Fund - West Central……..…………………………….……………… 139 Non-operating Enterprise Fund - Northwest……………………………………….……………… 140 Non-operating Enterprise Fund - Southwest……………………………………….……………… 141 Non-operating Enterprise Fund - Bunnlevel/Riverside…………………………….……………… 142 Non-operating Enterprise Fund - Southeast………….……………………………………………. 143 Non-operating Enterprise Fund - East Central……….…………………………….……………… 144 Non-operating Enterprise Fund - Riverside…………..……………………………………………. 145 Schedule of revenues and expenditures - budget and actual (non-GAAP): South Central Wastewater Capital Project………………………………………………………….. 146 Erwin Wastewater Capital Project…………………………………………………………………… 147
HARNETT COUNTY, NORTH CAROLINA
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PAGE
Lafayette School Capital Project…………………………………………………………………….. 148
East Central Improvements Capital Project………………………………………………………… 149
FT. Bragg Water & Wastewater Capital Project…………………………………………………… 150 Water Plant Expansion Capital Project……………………………………………………………… 151 Buffalo Lakes Wastewater Capital Project…………………………………………………………. 152 Southwest NTA Cameron Hill Capital Project……………………………………………………… 153 South Central Wastewater 1B-1 Capital Project…………………………………………………… 154 South Central Wastewater 1B-2 Capital Project…………………………………………………… 155 Brightwater Infrastructure Capital Project………………………………..………………………… 156 South Central Wastewater 1C-1 Capital Project…………………………………………………… 157 South Central Wastewater 1C-2 Capital Project…………………………………………………… 158 Wastewater Master Plan…………………………………………..…………………………………. 159 NE Wastewater Extension…………………………………………………………………………… 160 Campbell Osteopathic…………………………………..……..……………………..……………… 161 Schedule of revenues and expenditures - budget and actual (non-GAAP) Enterprise Fund - Solid Waste Fund………………………………………………………………. 162
Internal Service Funds:
Combining statement of net assets……………..…………………………………………….…….… 164 Combining statement of revenues, expenses and changes in fund net assets – internal service funds………………………………………………… 165 Statement of cash flows…………………………..…………………………………………….…….… 166 Workers’ Compensation…………………………………………………………………………….. 167 Group Insurance……………………………………………………………………………………... 168
Agency Funds: Combining statement of fiduciary assets and liabilities – agency funds…………………….…….. 169 Combining statement of changes in fiduciary assets and liabilities – agency funds…..….……… 170
HARNETT COUNTY, NORTH CAROLINA
TABLE OF CONTENTS
PAGE
OTHER SCHEDULES: Schedule of ad valorem taxes receivable – General Fund…………………..………………….. 171 Analysis of current tax levy…………………………………………..……………………………… 172 Statement of net assets – water & sewer districts operating fund …………..…….…………… 173
Statement of revenues, expenses and changes in fund net assets –
water & sewer districts operating fund……………………..…………………………….… 174
STATISTICAL SECTION (UNAUDITED): Net assets by component………………………………….………………………..…….….… 175 Changes in net assets………………………………………………………………………...… 176 Tax revenues by source………………………………………………………………………… 179 Fund balances of governmental funds……………………..………………………………….. 180 Changes in fund balances of governmental funds………………………………………….… 181 General governmental tax revenues by source………………………………………………. 183 Assessed value of taxable property………………………………………………………….… 184 Property tax rates – direct and overlapping governments…………………………………… 185 Principal property taxpayers…………………………………………………………………..… 188 Property tax levies and collections – General Fund………………………………………….. 189 Ratio of outstanding debt by type ……………………………………..……………………..… 190 Direct and overlapping governmental activities debt……………………………………….... 191
Pledged revenue coverage – water & sewer………….………………………..……………… 192 Computation of legal debt margin…………………………………………………….………… 193 Demographic and economic statistics……………………………………………………….… 194 Principal employers…………………………………………………………………………….… 195 Full-time county government employees by function………….……………………………… 196 Operating indicators by function………………………………………………………………… 197 Capital assets statistics by function………………………………………………………..…… 198
HARNETT COUNTY, NORTH CAROLINA
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COMPLIANCE SECTION
Report On Internal Control Over Financial Reporting and On Compliance and Other Matters Based On An Audit of Financial Statements Performed In Accordance with Government Auditing Standards……………………………………………. 200
Report On Compliance with Requirements That Could Have A direct and Material Effect On each Major Federal Program and On Internal Control Over Compliance In Accordance with OMB Circular A-133 and the State Single Audit Implementation Act……. 202
Report on Compliance with Requirements That Could Have a direct and Material Effect On Each Major State Program and On Internal Control Over Compliance In Accordance with Applicable Sections of OMB Circular A-133 and the State Single Audit Implementation Act……………………………………………………………………….… 204
Schedule of Findings, Responses, and Questioned Costs…………………………….……… 206 Summary Schedule of Prior Year's Audit Findings…………………………………………….. 210 Schedule of Expenditures of Federal and State Awards…………………………………..….. 211
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INTRODUCTORY SECTION
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xiv
FINANCIAL SECTION
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730 13th Avenue Drive SE ♦ Hickory, North Carolina 28602 ♦ Phone 828-327-2727 ♦ Fax 828-328-2324
13 South Center Street ♦ Taylorsville, North Carolina 28681 ♦ Phone 828-632-9025 ♦ Fax 828-632-9085
Toll Free Both Locations 1-800-948-0585 ♦ Website: www.martinstarnes.com
INDEPENDENT AUDITORS' REPORT
To the Board of Commissioners Harnett County, North Carolina We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of Harnett County, North Carolina, as of and for the year ended June 30, 2012, which collectively comprise the County’s basic financial statements as listed in the table of contents. These financial statements are the responsibility of Harnett County's management. Our responsibility is to express an opinion on these basic financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the basic financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of Harnett County, North Carolina, as of June 30, 2012, the respective changes in financial position and cash flows, where appropriate thereof, and the respective budgetary comparison for the General Fund for the year then ended in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report dated November 15, 2012, on our consideration of Harnett County's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit prepared in accordance with Government Auditing Standards and should be considered in assessing the results of our audit.
Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis and the Law Enforcement Officers' Special Separation Allowance and the Other Post-Employment Benefits’ Schedules of Funding Progress and Employer Contributions be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information, because the limited procedures do not provide us with sufficient evidence to express an opinion or provide assurance. Our audit was performed for the purpose of forming opinions on the basic financial statements that collectively comprise the basic financial statements of Harnett County, North Carolina, as a whole. The introductory section, combining and individual fund financial statements, budget and actual schedules, supplemental ad valorem tax schedules, and statistical tables are presented for purposes of additional analysis and are not a required part of the basic financial statements. The accompanying schedule of expenditures of federal and State awards is presented for purposes of additional analysis as required by U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, and the State Single Audit Implementation Act, and is also not a required part of the basic financial statements. The combining and individual fund financial statements, budget and actual schedules, supplemental ad valorem tax schedules, and the schedule of expenditures of federal and State awards are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain other procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole. The introductory section and statistical section have not been subject to the auditing procedures applied in the audit of the basic financial statements and; accordingly, we express no opinion on them.
Martin Starnes & Associates, CPAs, P.A. November 15, 2012
2
Management’s Discussion and Analysis As management of Harnett County, we offer readers of Harnett County’s financial statements this narrative overview and analysis of the financial activities of Harnett County for the fiscal year ended June 30, 2012. We encourage readers to read the information presented here in conjunction with additional information that we have furnished in the County’s financial statements, which follow this narrative. Financial Highlights
The assets of Harnett County exceeded its liabilities at the close of the fiscal year by $235,999,734 (net assets).
The government’s total net assets increased by $30,927,230. This increase was due to charges for water and sewer services, capital contributions for the business-type activities and projects, increase in the receipt of local option sales tax, and a decrease in Governmental and Enterprise expenditures.
In accordance with North Carolina law, liabilities of the County include approximately $95.06 million in long-term debt associated with assets belonging to the Harnett County Board of Education and Central Carolina Community College. As these assets are not reflected in the County’s financial statements and the full amount of the long-term debt is reflected in the County’s financial statements, the County reports a corresponding lower net asset amount.
As of the close of the current fiscal year, Harnett County’s governmental funds reported combined ending fund balances of $25,232,353, an increase of $485,198 in comparison with the prior year. Approximately 50.49% of this total amount, or $12,741,517, is available for spending at the government’s discretion (unassigned fund balance).
At the end of the current fiscal year, unassigned fund balance for the General Fund was $13,212,441, or 13.09% percent of total General Fund expenditures for the fiscal year.
Harnett County’s long-term obligations increased by $12,082,175 (6.40%) during the current fiscal year. This increase was during the past fiscal year, primarily due to the addition of a capital lease for patrol cars and an ambulance and the bond anticipation notes for South Central Water and Sewer District.
Harnett County held A3 and A+ bond ratings for Certificates of Participation, A2 and AA- ratings for Issuer Ratings, and A2 and AA- ratings for Revenue Bonds as assigned by Moody's and Standard & Poor's, respectively.
.
3
Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction to Harnett County’s basic financial statements. The County’s basic financial statements consist of three components; 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements (see Figure 1). The basic financial statements present two different views of the County through the use of government-wide statements and fund financial statements. In addition to the basic financial statements, this report contains other supplemental information that will enhance the reader’s understanding of the financial condition of Harnett County.
Required Components of Annual Financial Report
Summary Detail
Basic Financial Statements The first two statements (Exhibits A and B) in the basic financial statements are the Government-Wide Financial Statements. They provide both short and long-term information about the County’s financial status.
Management’s
Discussion and
Analysis
Basic
Financial
Statements
Government-wide
Financial
Statements
Fund
Financial
Statements
Notes to the
Financial
Statements
4
The next statements (Exhibits C through J) are Fund Financial Statements. These statements focus on the activities of the individual parts of the County’s government. These statements provide more detail than the government-wide statements. There are four parts to the fund financial statements: 1) the governmental funds statements, 2) the budgetary comparison statements, 3) the proprietary fund statements, and 4) the fiduciary fund statement. The next section of the basic financial statements is the notes. The notes to the financial statements explain in detail some of the data contained in those statements. After the notes, supplemental information is provided to show details about the County’s nonmajor governmental funds, all of which are added together in one column on the basic financial statements. Budgetary information required by the General Statutes also can be found in this part of the statements. Government-Wide Financial Statements The government-wide financial statements are designed to provide the reader with a broad overview of the County’s finances, similar in format to a financial statement of a private-sector business. The government-wide statements provide short and long-term information about the County’s financial status as a whole. The two government-wide statements report the County’s net assets and how they have changed. Net assets are the difference between the County’s total assets and total liabilities. Measuring net assets is one way to gauge the County’s financial condition. The government-wide statements are divided into two categories: 1) governmental activities and 2) business-type activities. The governmental activities include most of the County’s basic services, such as general government, public safety, environmental protection, transportation, economic and physical development, human services, cultural and recreational, and education. Property taxes and federal and state grant funds finance most of these activities. The business-type activities are those that the County charges customers to provide. These include the water and sewer and solid waste services offered by Harnett County. The government-wide financial statements are on Pages 21 - 23 of this report. Fund Financial Statements The fund financial statements provide a more detailed look at the County’s most significant activities. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. Harnett County, like all other governmental entities in North Carolina, uses fund accounting to ensure and reflect compliance (or non-compliance) with finance-related legal requirements, such as the General Statutes or the County’s budget ordinance. All of the funds of Harnett County can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds.
5
Governmental Funds – Governmental funds are used to account for those functions reported as governmental activities in the government-wide financial statements. Most of the County’s basic services are accounted for in governmental funds. These funds focus on how assets can readily be converted into cash flow in and out, and what monies are left at year-end that will be available for spending in the next year. Governmental funds are reported using an accounting method called modified accrual accounting which provides a current financial resources focus. As a result, the governmental fund financial statements give the reader a detailed short-term view that helps him or her determine if there are more or less financial resources available to finance the County’s programs. The relationship between governmental activities (reported in the Statement of Net Assets and the Statement of Activities) and governmental funds is described in a reconciliation that is a part of the fund financial statements. Harnett County adopts an annual budget for its General Fund, as required by the General Statutes. The budget is a legally adopted document that incorporates input from the citizens of the County, the management of the County, and the decisions of the Board about which services to provide and how to pay for them. It also authorizes the County to obtain funds from identified sources to finance these current period activities. The budgetary statement provided for the General Fund demonstrates how well the County complied with the budget ordinance and whether or not the County succeeded in providing the services as planned when the budget was adopted. The budgetary comparison statement uses the budgetary basis of accounting and is presented using the same format, language, and classifications as the statement of revenues, expenditures and changes in fund balances. The statement shows four columns: 1) the original budget as adopted by the Board, 2) the final budget as amended by the Board, 3) the actual resources, charges to appropriations, and ending balances in the General Fund, and 4) the difference or variance between the final budget and the actual resources and charges. Proprietary Funds – Harnett County has one type of proprietary fund. Enterprise Funds are used to report the same functions presented as business-type activities in the government-wide financial statements. Harnett County uses enterprise funds to account for its water and sewer activity and for its solid waste management fund. This fund is the same as those functions shown in the business-type activities in the Statement of Net Assets and the Statement of Activities. Agency Funds – Agency funds are used to account for assets the County holds on behalf of others. The County has four agency funds. Internal Service Funds – The internal service funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the County, on a cost-reimbursement basis. The County has two internal service funds.
6
Notes to the Financial Statements – The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements are on pages 33 through 74 of this report. Other Information – In addition to the basic financial statements and accompanying notes, this report includes certain required supplementary information concerning Harnett County’s progress in funding its obligation to provide pension benefits to its employees. Required supplementary information can be found beginning on page 75 of this report. Government-Wide Financial Analysis Harnett County is in its tenth year of financial reporting based on the requirements of GASB 34. Effective with fiscal year 2004, all units of government across the United States were required to comply with this accounting standard. Prior to fiscal year 2003, Harnett County maintained their governmental and proprietary fund groups as two separate and very distinct types of accounting without any type of consolidated statement that accurately reflected the operations and net assets of the government as a whole. There was a total column that appeared on the financial statements, but it was a memorandum total only. No attempt was made to adjust the statements in such a way that the total column would represent the overall financial condition of Harnett County. These statements were basically the equivalent of the fund financial statements that appear in this report with fiduciary funds and two account groups, the long-term debt and the general fixed assets, added in.
As noted earlier, net assets may serve, over time, as one useful indicator of a government’s financial condition. The assets of Harnett County exceeded liabilities by $235,999,734 as of June 30, 2012. The County’s net assets increased by $30,927,230 for the fiscal year ended June 30, 2012. The largest portion totaling $288,107,156 reflects the County’s investment in capital assets (e.g. land, buildings, machinery, and equipment), less any related debt still outstanding that was issued to acquire those items. Harnett County uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although Harnett County’s investment in its capital assets is reported net of the outstanding related debt, the resources needed to repay that debt must be provided by other sources, since the capital assets cannot be used to liquidate these liabilities.
7
Harnett County’s Net Assets
2012 2011 2012 2011 2012 2011Assets Cash and cash equivalents 17,978,763$ 15,562,928$ 17,628,551$ 7,569,431$ 35,607,314$ 23,132,357$ Taxes receivable, net 1,462,011 1,619,374 - - 1,462,011 1,619,374 Accounts receivable, net 11,890,787 8,381,939 7,563,169 12,451,304 19,453,956 20,833,245 Due from other governments 1,343,244 1,402,986 53,605 51,087 1,396,849 1,454,073 Internal balance 223,035 102,733 (223,035) (102,733) - - Bond issue costs, net 1,415,283 1,552,589 1,753,808 1,858,377 3,169,091 3,410,966 Inventories 10,776 18,771 513,713 509,112 524,489 527,883 Prepaid items 740,060 33,500 203,045 96,630 943,105 130,130 Restricted assets: Cash and cash equivalents 1,038,989 4,796,931 13,575,991 1,792,193 14,614,980 6,589,124 Capital assets: Land and construction in progress 27,223,390 28,033,964 137,225,886 137,589,348 164,449,276 165,623,312 Other capital assets, net 39,994,673 40,270,283 179,694,899 153,544,411 219,689,572 193,814,694 Total assets 103,321,011 101,775,998 357,989,632 315,359,160 461,310,643 417,135,158
Liabilities Accounts payable 2,878,842 3,200,636 4,357,192 4,352,149 7,236,034 7,552,785 Customer deposits - - 1,601,163 1,481,829 1,601,163 1,481,829 Unearned revenue 272,197 251,937 146,797 113,520 418,994 365,457 Current portion of compensated absences 1,815,230 1,324,024 468,204 488,938 2,283,434 1,812,962 Claims payable - current 424,296 386,836 - - 424,296 386,836 Long-term liabilities: Non-current portion of compensated absences 603,980 1,106,762 121,089 74,199 725,069 1,180,961 Claims payable - non-current 1,504,321 1,371,511 - - 1,504,321 1,371,511 Due in less than one year 6,485,388 7,195,674 17,388,435 4,533,523 24,233,823 11,729,197 Due in more than one year 122,554,186 125,911,152 64,689,589 60,269,964 186,883,775 186,181,116 Total liabilities 136,538,440 140,748,532 88,772,469 71,314,122 225,310,909 212,062,654
Net Assets Capital assets, net of related debt 37,298,229 36,054,811 250,808,927 229,078,137 288,107,156 265,132,948 Restricted for: Stabilization for State Statute 9,639,014 7,855,533 - - 9,639,014 7,855,533 Register of Deeds 117,279 137,532 - - 117,279 137,532 General Government 12,554 - - - 12,554 - Education 66,064 4,371,719 - - 66,064 4,371,719 Public Safety 700,240 1,656,322 - - 700,240 1,656,322 Memorials 2,030 2,030 - - 2,030 2,030 Unrestricted (81,052,839) (89,050,481) 18,408,236 14,966,901 (62,644,603) (74,083,580) Total net assets (33,217,429)$ (38,972,534)$ 269,217,163$ 244,045,038$ 235,999,734$ 205,072,504$
Governmental Activities Business-Type Activities Total Primary Government
As with many counties in the State of North Carolina, the County’s unrestricted net assets, is low or negative due primarily to the portion of the County’s outstanding debt incurred for the County Board of Education (the “school system”) and Central Carolina Community College (CCCC). Under North Carolina law, the County is responsible for providing capital funding for the school systems. The County has chosen to meet its legal obligation to provide the school systems capital funding by using a mixture of
8
County funds. The assets funded by the County, however, are owned and utilized by the school systems. Since the County, as the issuing government, acquires no capital assets, the County has incurred a liability without a corresponding increase in assets. At the end of the fiscal year, approximately $95.06 million of the outstanding debt on the County’s financial statements was related to assets included in the school systems’ financial statements. However, the school system’s related debt is installment purchases financed by the governmental funds and are repaid from the resources of the General Fund. Accordingly, the County is authorized and required by State law to levy ad valorem taxes, without limit as to rate or amount, as may be necessary to pay the debt service on its general obligation bonds. Principal and interest requirements will be provided by an appropriation in the year which they become due. Several particular aspects of the County’s financial operations influenced the total unrestricted governmental net assets:
Continued diligence in the collection of property taxes achieved a collection percentage of 97.35%, which is slightly above the 2011 State-wide average of 97.19% for the County's population group.
Continued low cost of debt due to the County’s high bond rating.
Accounts receivable for the Governmental Activities increased due to an increase in revenue for the Health and Social Services Departments, grant revenue for various programs, and due to an increase in sales tax revenue.
Prepaid Items increased due to the prepayment of funds to a health savings account for the employees for the 2012–2013 fiscal year.
Cash and cash equivalents increased due to increased revenue from the sale of water and sewer, the receipt of project revenues, and to the increased collection of revenue associated with ambulance services..
Accounts receivable for the Business-type Activities decreased $4.89 million from the prior year due to an increase in the receivables for the projects.
Capital assets increased for business-type activities as a result of the number of ongoing construction projects.
9
Har
net
t C
ou
nty
Ch
ang
es in
Net
Ass
ets
Gov
ernm
enta
lA
ctiv
ities
Tota
l20
1220
1120
1220
1120
1220
11R
even
ues:
Pro
gram
reve
nues
:C
harg
es fo
r ser
vice
s17
,015
,333
$
15,7
72,3
81$
34
,128
,977
$
32,1
31,8
04$
51
,144
,310
$
47,9
04,1
85$
O
pera
ting
gran
ts a
nd c
ontri
butio
ns20
,657
,831
21
,832
,214
-
-
20
,657
,831
21
,832
,214
C
apita
l gra
nts
and
cont
ribut
ions
106,
881
26
6,13
1
18,7
46,9
53
57,5
97,7
23
18
,853
,834
57
,863
,854
G
ener
al re
venu
es:
Pro
perty
taxe
s58
,298
,100
56
,366
,267
-
-
58
,298
,100
56
,366
,267
Lo
cal o
ptio
n sa
les
tax
13,9
14,5
55
12,2
88,7
72
-
-
13,9
14,5
55
12,2
88,7
72
Oth
er ta
xes
and
licen
ses
2,00
4,88
3
1,
899,
527
236,
713
26
4,14
5
2,24
1,59
6
2,
163,
672
Unr
estri
cted
inte
rgov
ernm
enta
l 34
7,20
2
125,
845
-
-
34
7,20
2
125,
845
In
vest
men
t ear
ning
s15
,492
33,0
12
6,
651
12
,585
22,1
43
45
,597
Tota
l rev
enue
s11
2,36
0,27
7
108,
584,
149
53
,119
,294
90
,006
,257
165,
479,
571
19
8,59
0,40
6
Exp
ense
s:G
ener
al g
over
nmen
t11
,217
,967
14
,722
,157
-
-
11
,217
,967
14
,722
,157
P
ublic
saf
ety
32,1
38,9
70
30,5
33,5
01
-
-
32,1
38,9
70
30,5
33,5
01
Tran
spor
tatio
n64
6,93
9
657,
369
-
-
64
6,93
9
657,
369
E
nviro
nmen
tal p
rote
ctio
n12
4,25
5
165,
460
-
-
12
4,25
5
165,
460
E
cono
mic
and
phy
sica
l dev
elop
men
t6,
321,
309
6,01
9,83
1
-
-
6,
321,
309
6,01
9,83
1
H
uman
ser
vice
s25
,235
,971
25
,417
,133
-
-
25
,235
,971
25
,417
,133
C
ultu
ral a
nd re
crea
tion
621,
129
1,
616,
686
-
-
621,
129
1,
616,
686
Edu
catio
n24
,115
,765
22
,239
,671
-
-
24
,115
,765
22
,239
,671
In
tere
st o
n lo
ng-te
rm d
ebt
6,49
4,89
1
5,
969,
986
-
-
6,49
4,89
1
5,
969,
986
Land
fill
-
-
4,18
8,34
2
4,
266,
203
4,18
8,34
2
4,
266,
203
Wat
er a
nd s
ewer
-
-
23,4
46,8
03
35,3
19,7
63
23
,446
,803
35
,319
,763
To
tal e
xpen
ses
106,
917,
196
10
7,34
1,79
4
27,6
35,1
45
39,5
85,9
66
13
4,55
2,34
1
146,
927,
760
Incr
ease
in n
et a
sset
s be
fore
tran
sfer
s5,
443,
081
1,24
2,35
5
25
,484
,149
50
,420
,291
30,9
27,2
30
51,6
62,6
46
Tran
sfer
s31
2,02
4
475,
001
(3
12,0
24)
(4
75,0
01)
-
-
Incr
ease
/(dec
reas
e) in
net
ass
ets
5,75
5,10
5
1,
717,
356
25,1
72,1
25
49,9
45,2
90
30
,927
,230
51
,662
,646
Net
ass
ets,
Jul
y 1
(38,
972,
534)
(4
0,68
9,89
0)
244,
045,
038
19
4,09
9,74
8
205,
072,
504
15
3,40
9,85
8
Net
ass
ets,
Jun
e 30
(33,
217,
429)
$
(3
8,97
2,53
4)$
269,
217,
163
$
24
4,04
5,03
8$
235,
999,
734
$
20
5,07
2,50
4$
Bus
ines
s-Ty
peA
ctiv
ities
10
Governmental Activities. Governmental activities increased the County’s net assets by $5,755,105. Key elements of this increase are as follows:
The most significant change in the governmental activities net assets over the prior fiscal year was the expenses reported for General Government which decreased $3,504,190, or 28.8%. This decrease was due to costs associated with the County’s Capital Projects. The activity for the Capital Projects included the Transportation Facility Design Project, Barbeque Creek Park Capital Project, as well as projects for the Overhills Elementary School, Boone Trail Elementary, Harnett Central High School, Johnsonville Elementary, Highland Elementary School Gym, and Angier Elementary School.
Under General Revenues, property taxes increased $1,931,833, or 5.38%. This slight increase was due to the continued collection efforts and a slight increase in the number of new construction and homeowner remodeling.
Under General Revenues, North Carolina local option sales tax increased $1,625,783, or 11.68%. This increase was due to increased activity and to Medicaid Hold Harmless funds received from the State.
Unrestricted intergovernmental revenues increased $221,357, or 63.75%, due to a significant increase in the receipt of asset forfeiture funds.
Investment earnings decreased $17,520, or 113.1%. Much of this decrease was due to the reduction of cash on deposit with escrow agents for various capital projects and the decrease in the interest yield.
Another area of governmental activity which saw a continued increase in expenditures was for Public Safety, which increased $1,605,469, or 5.00%. The most significant area of change was for the Sheriff and Jail due to costs associated with the housing of federal Inmates and general operating expenses as the inmate population increased. The Emergency Management, Emergency Medical Services, and Emergency Medical Transport experienced large increases due to the number of emergency calls and transports.
11
Expenses – Governmental Activities
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
General
Gov't
Public
Safety
Env.
Protec.
Transp. Economic
& Physical
Dev.
Human
Svcs.
Cultural
& Rec
Education Interest
on Long-
term Debt2011 2012
Revenues by Source – Governmental Activities
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
Charges for
Services
Operating
Grants &
contributions
Capital
Grants &
Contributions
Property
Taxes
Local Option
Sales Tax
Other Taxes Other
2011 2012
12
Business-Type Activities. Business-type activities increased Harnett County’s net assets by $25,172,125. Key elements of this increase are as follows:
Charges for services increased $1,997,173, or 5.85%, due to an increase in fees, the number of service connections, and customer activity. Although the daily average treatment of water decreased slightly from 13,293,948 gallons to 13,107,763, the number of water service connections increased from 41,241 to 42,001, and the number of sewer connections increased from 10,072to 10,421.
Capital Grants and Contributions decreased 207.24% from $57,597,723 to $18,746,953. The decrease in revenue reported in this category continues to be associated with various projects which are currently underway in the Public Utilities Department. The Fort Bragg Water Supply and Wastewater Treatment Project consists of the 8 mgd expansion of the Harnett County Regional Water Treatment Plant, the design of an 8 mgd expansion to the currently designed South Harnett Regional Wastewater Treatment Plant, and the installation of waterlines and wastewater force main to serve Fort Bragg. The project also consists of the interim operations of the existing water and wastewater treatment plants located on Fort Bragg until these construction improvements are made. The Water Plant Expansion Project consists of the construction of an 18 mgd expansion of the Harnett Regional Treatment Plant, which will bring the total water treatment capacity of the plant to 36 million gallons per day. Several local governments have purchased capacity in the plant.
Water and sewer expenditures decreased 50.63% from $35,319,763 to $23,466,803. Although expenditures associated with salaries, chemicals, utilities, and treatment cost remained relatively stable over the prior year, the decrease in this category was due largely to the declining project costs associated with the Fort Bragg Water Plant Expansion and Wastewater Treatment Plant projects mentioned in the previous bullet.
13
Expenses – Business-Type Activities
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
Landfill Water and Sew er
2011 2012
Revenues – Business-Type Activities
$-
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
Charges for Svces Operating Grants &
Contributions
Capital Grants and
Contributions
Other taxes Other
2011 2012
14
Financial Analysis of the County’s Funds As noted earlier, Harnett County uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds. The focus of Harnett County’s governmental funds is to provide information on near-term inflows, outflows, and balances of usable resources. Such information is useful in assessing Harnett County’s financing requirements. Specifically, unreserved fund balance can be a useful measure of a government’s net resources available for spending at the end of the fiscal year. The General Fund is the chief operating fund of Harnett County. At the end of the current fiscal year, the unassigned fund balance of the General Fund was $13,212,441, while total fund balance was $23,324,502, an increase of 24.87%. A portion of this increase was the result of the continued diligence in the collection of property taxes, an increase in the receipt of asset forfeiture funds, an 11.68% increase in permits and fees concealed gun permit and finger print fees, and register of deeds. This increase in fund balance was also due to the continued diligence as departments minimized spending for operating materials and supplies and the continued delay in the hiring of vacant positions. The economy continues to impact local sales and the construction of new homes, but recent operating indicators reflect a positive turn. Although the economy has impacted the entire State, the County continues to experience a significant population growth with the expanding number of school aged children enrolling in Harnett County. Additionally, this added growth has placed demands on County services, such as public safety, law enforcement, and emergency services. The Governing Body of Harnett County has determined that the County should maintain an available fund balance of 15% of General Fund expenditures in case of unforeseen needs or opportunities, in addition to meeting the cash flow needs of the County. The County currently has an available fund balance of 13.09% of General Fund expenditures, while total fund balance represents 23.12% of that same amount. The County continues to take corrective action to increase the percentage of fund balance to 15% of General Fund expenditures At June 30, 2012, the governmental funds of Harnett County reported a combined fund balance of $25,232,353, a 1.96% increase over last year. Approximately 50.50% of this total amount ($12,741,517) constitutes unassigned fund balance, which is available for spending at the government’s decision. The primary reason for this increase was in the fund balance for the General Fund. Proprietary Funds. Harnett County’s proprietary funds provide the same type of information found in the government-wide statements, but in more detail. Unrestricted net assets of the Landfill Fund at the end of the fiscal year amounted to $(1,537,303), and those for the Water and Sewer Fund equaled $20,007,574. The total growth in net assets for both funds was $14,586 and $25,116,841, respectively. Other factors concerning the finances of these two funds have already been addressed in the discussion of Harnett County’s business-type activities.
15
General Fund Budgetary Highlights. During the fiscal year, the County revised the budget on several occasions. Generally, budget amendments fall into one of three categories: 1) amendments made to adjust the estimates that are used to prepare the original budget ordinance once exact information is available, 2) amendments made to recognize new funding amounts from external sources, such as Federal and State grants, and 3) increases in appropriations that become necessary to maintain services. Total amendments to the General Fund increased revenues by $4,515,041 and expenditures by $9,011,532, a material amount. Following are the main components of this increase:
$3.919,079 supplemental appropriations for restricted intergovernmental revenues, an increase of 21.57% to reflect federal and State grants for the Health, Cooperative Extension, Sheriff and Emergency Management Departments, which were either awarded for the fiscal year or adjusted from the original budget ordinance once final grant funding confirmations were received. During the budget process, the County budgets a portion of the grant program revenues (normally three months) pending final confirmation or denial by the grantor. Once a grant amount is confirmed by the funding agency, the budget is adjusted to reflect the final award. The County also appropriated Public School Capital Funds for the purchase of land in conjunction with the construction of a new school.
$319,096 supplemental appropriations for unrestricted intergovernmental revenues to reflect an increase in federal asset forfeiture activities.
$556,869 supplemental appropriations for other general revenues were due to a reimbursement from the Emergency 911 Fund for contracted services, the receipt of insurance proceeds, an increase in the funds received for Cooperative Extension Programs, and the number of donations received by various departments.
$411,871 supplemental appropriations for General Government due to an increase in funds needed for professional services for the Governing Body, the delayed addition of three positions in the Tax Department, and for gas, oil, and auto supplies for County vehicles in the General Services Department.
$851,317 supplemental appropriations for Public Safety for the Sheriff and Jail due to costs associated with the housing of Federal Inmates and general operating expenses as the inmate population increased. This category also received funds for various Edward Byrne Justice grants.
$1,098,380 supplemental appropriations for Economic and Physical Development expenditures due largely to the receipt of various grants for Cooperative Extension. During the budget process, the County generally budgets a portion of grant program expenditures pending final confirmation or denial by the grantor. Once a grant amount is confirmed by the funding agency, the budget is adjusted to reflect the final award.
16
$4,148,863 supplemental appropriations for Education were to restore funding for current expense and to provide funding for the purchase of land for future construction of a new school.
Capital Asset and Debt Administration
Capital Assets. Harnett County’s investment in capital assets for its governmental and business–type activities as of June 30, 2012 totals $384,138,848 (net of accumulated depreciation). These assets include buildings, land, construction in progress, buildings, land improvements, furniture, computer hardware, computer software, fixtures, machinery and equipment, park facilities, vehicles and plant distribution, and collection systems. Major capital asset transactions during the year include:
Purchased computers and software for various departments in the County
Replaced wrecked vehicles for the Sheriff and Emergency Services departments
Addition of construction in progress on Water and Sewer plant facilities and Airport construction projects
Addition of several contributed water lines
Harnett County Capital Assets (net of depreciation)
2012 2011 2012 2011 2012 2011
Land 2,214,535$ 2,214,535$ 2,739,814$ 2,739,814$ 4,954,349$ 4,954,349$
Plant, distribution, and
collection systems - - 162,061,116 149,921,292 162,061,116 149,921,292
Buildings 30,142,978 30,772,501 16,799,111 2,418,721 46,942,089 33,191,222
Land Improvements 7,719,185 7,602,796 - - 7,719,185 7,602,796
Furniture, fixtures, and
equipment 517,496 504,274 271,925 445,323 789,421 949,597
Computer hardware 83,622 39,645 - - 83,622 39,645
Computer software 189,566 149,597 - - 189,566 149,597
Vehicles 1,341,826 1,201,470 562,747 759,075 1,904,573 1,960,545
Construction in progress 25,008,855 25,819,429 134,486,072 134,849,534 159,494,927 160,668,963
Total 67,218,063$ 68,304,247$ 316,920,785$ 291,133,759$ 384,138,848$ 359,438,006$
Governmental Business-Type
Activities Activities Total
Additional information on the County’s capital assets can be found in Note 6 of the Basic Financial Statements.
17
Long-Term Debt. At the end of the current fiscal year, Harnett County had total debt outstanding in the amount of $200,647,535. Of this amount, $35,297,000 represents general obligation bonds issued by the County’s water and sewer districts to fund the acquisition and construction of major capital facilities. General obligation bonds are direct obligations and pledge the full faith and credit of the County. At June 30, 2012, the County’s outstanding debt consisted of:
Harnett County Outstanding Debt
Governmental Business-TypeActivities Activities Total
2012 2011 2012 2011 2012 2011
Installment purchase 120,798,269$ 126,224,456$ 5,758,367$ 6,858,851$ 126,556,636$ 133,083,307$ General obligation bonds - - 35,297,000 23,013,000 35,297,000 23,013,000 Capitalized leases 437,297 299,773 - - 437,297 299,773 Revenue Bonds - - 12,805,000 13,350,000 12,805,000 13,350,000 State Bond loan - - 25,551,602 18,819,280 25,551,602 18,819,280 Total 121,235,566$ 126,524,229$ 79,411,969$ 62,041,131$ 200,647,535$ 188,565,360$
Harnett County’s total debt increased by $12,082,175 (6.40%) during the past fiscal year, primarily due to the addition of a capital lease for patrol cars and an ambulance and the bond anticipation notes for South Central Water and Sewer District. As mentioned in the financial highlights section of this document, Harnett County held A3 and A+ bond ratings for Certificates of Participation, A2 and AA- ratings for Issuer Ratings, and A2 and AA- ratings for Revenue Bonds as assigned by Moody's and Standard & Poor's, respectively. These bond ratings are a clear indication of the sound financial condition of Harnett County. The State of North Carolina limits the amount of general obligation debt that a unit of government can issue to 8 percent of the total assessed value of taxable property located within that government’s boundaries. The legal debt margin for Harnett County is $421,876,331. The County has $22,494,000 in bonds authorized but unissued at June 30, 2012. Additional information regarding Harnett County’s long-term debt can be found in Notes 9 and 10 beginning on page 53 of this report.
18
Economic Factors and Next Year’s Budgets and Rates
The following key economic indicators reflect the growth and prosperity of the County.
The unemployment rate for Harnett County for the fiscal year ending June 30, 2012 was 11.2%, which is a decrease from a rate of 11.8% a year ago. Compared to the State average of 9.92% for the same period, the County is above the State average.
The Research Triangle Park Region is noted for development of biotechnology and science clusters as a successful model, which for Harnett County, reinforces the efforts of the Harnett Forward Together Committee and its investment in the Brightwater Science and Technology Campus. Beyond the launching of the new Central Harnett Hospital Project, a 50-bed facility, which will be up and running by January 2013, Harnett County’s support for the cooperative development of an Allied Health facility, with training capacity for Campbell University and Central Carolina University, will encourage private clinical research organizations to invest in the human capital and training needs of our regions. Harnett County has planned well and is prepared for both population growth and the infrastructure to support business expansion and investment.
Budget Highlights for the Fiscal Year Ending June 30, 2013
Governmental Activities. Property taxes and revenues from sales and services are expected to lead the increase in revenue projections, and the County will use these increases to finance programs currently in place. Harnett County continually evaluates property on a yearly basis. The County’s continued aggressive tax collection effort provides an analysis of future income. Expenditures in the General Fund have been budgeted at $104,451,914 and include amounts appropriated for Interfund transfers and debt service. The budget decreased $27,513,698 over the fiscal year ended 2012 budget. The 2012–2013 budget contains aggressive forecast estimates for sales tax and growth above the prior fiscal year. Departments have been asked to continue to do more with less and prioritize serves based on the resources available. Harnett County was recently identified by the US Census Bureau as the number one micro area in the country, having gained more new residents in the past 15 months ending July 2011 than any other micro area in the nation. The County stands poised in terms of job creation and service expansion as evidenced by the Highway 421 medical corridor and its pending and ongoing construction. The Board of Commissioners understands this growth and the potential impact it has upon the County. Based upon this, the budget contains an appropriated fund balance of $2,015,334, which includes a 3% cost of living to employees, and additional funding to the Sheriff, Animal Control and Rescue.
19
Business-Type Activities. The water and sewer rates for the 2012–2013 fiscal year increased over the prior year. The rates for landfill services also increased for the 2012-2013 fiscal year. Expenditures for Public Utilities and Solid Waste for the fiscal year have been budgeted at $25,098,738 and $5,276,223, respectively. These budgeted expenditures will cover personnel, supplies, and operating costs associated with the increasing demand for utility and landfill services due to growth.
Requests for Information
This report is designed to provide an overview of the County’s finances for those with an interest in this area. Questions concerning any of the information found in this report or requests for additional information should be directed to the Director of Finance, Harnett County, P.O. Box 760, 102 East Front Street Lillington, North Carolina 27546.
20
BASIC FINANCIAL
STATEMENTS The Basic Financial Statements provide a summary overview of the financial position of all funds and account groups and of the operating results of all funds. They also serve as a condensed introduction to the more detailed statements that follow.
This page left blank intentionally.
Exhibit A
HARNETT COUNTY, NORTH CAROLINA
STATEMENT OF NET ASSETSJUNE 30, 2012
Governmental Business-TypeActivities Activities Total
Assets:Current assets:Cash and cash equivalents 17,978,763$ 17,628,551$ 35,607,314$ Taxes receivable, net 1,462,011 - 1,462,011 Accounts receivable, net 11,890,787 7,563,169 19,453,956 Due from other governments 1,343,244 53,605 1,396,849 Internal balance 223,035 (223,035) - Inventories 10,776 513,713 524,489 Prepaid items 740,060 203,045 943,105 Bond issuance 1,415,283 1,753,808 3,169,091 Restricted assets:Cash and cash equivalents 1,038,989 13,575,991 14,614,980 Capital assets:Land and construction in progress 27,223,390 137,225,886 164,449,276 Other capital assets, net 39,994,673 179,694,899 219,689,572
Total assets 103,321,011 357,989,632 461,310,643
Liabilities:Current liabilities:Accounts payable 2,878,842 4,357,192 7,236,034 Customer deposits - 1,601,163 1,601,163 Unearned revenues 272,197 146,797 418,994 Current portion of compensated absences 1,815,230 468,204 2,283,434 Claims payable current 424,296 - 424,296 Long-term liabilities:Non-current portion of compensated absences 603,980 121,089 725,069 Claims payable, non-current 1,504,321 - 1,504,321 Due within one year 6,485,388 17,388,435 23,873,823 Due in more than one year 122,554,186 64,689,589 187,243,775
Total liabilities 136,538,440 88,772,469 225,310,909
Net Assets:Invested in capital assets, net of related debt 37,298,229 250,808,927 288,107,156 Restricted for:Stabilization for State Statute 9,639,014 - 9,639,014 Register of Deeds 117,279 - 117,279 General government 12,554 12,554 Education 66,064 - 66,064 Public safety 700,240 - 700,240 Memorials 2,030 - 2,030 Unrestricted (81,052,839) 18,408,236 (62,644,603)
Total net assets (33,217,429)$ 269,217,163$ 235,999,734$
Primary Government
The accompanying notes an integral part of the financial statements.
21
HARNETT COUNTY, NORTH CAROLINA
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2012
Operating Capital
Charges for Grants and Grants and
Expenses Services Contributions Contributions
Functions/Programs:
Primary Government:
Governmental Activities:
General government 11,217,967$ 4,198,163$ 904,224$ -$
Public safety 32,138,970 8,949,860 1,628,139 -
Transportation 646,939 335,486 382,897 -
Environmental protection 124,255 - 8,962 -
Economic and physical development 6,321,309 16,013 528,743 78,395
Human services 25,235,971 3,463,527 15,120,209 -
Cultural and recreational 621,129 52,284 149,410 28,486
Education 24,115,765 - 1,935,247 -
Interest on long-term debt 6,494,891 - - -
Total governmental activities 106,917,196 17,015,333 20,657,831 106,881
Business-Type Activities:
Water and sewer 23,446,803 30,165,366 - 18,746,953
Solid waste 4,188,342 3,963,611 - -
Total business-type activities 27,635,145 34,128,977 - 18,746,953
Total primary government 134,552,341$ 51,144,310$ 20,657,831$ 18,853,834$
General Revenues:
Ad valorem taxes
Local option sales tax
Other taxes and licenses
Unrestricted intergovernmental revenues
Interest earned on investments, unrestricted
Total general revenues
Transfers
Total general revenues and transfers
Change in net assets
Net Assets:
Beginning of year - July 1
End of year - June 30
Program Revenues
The accompanying notes are an integral part of the financial statements.
22
Exhibit B
Governmental Business-Type
Activities Activities Total
(6,115,580)$ -$ (6,115,580)$
(21,560,971) - (21,560,971)
71,444 - 71,444
(115,293) - (115,293)
(5,698,158) - (5,698,158)
(6,652,235) - (6,652,235)
(390,949) - (390,949)
(22,180,518) - (22,180,518)
(6,494,891) - (6,494,891)
(69,137,151) - (69,137,151)
- 25,465,516 25,465,516
- (224,731) (224,731)
- 25,240,785 25,240,785
(69,137,151) 25,240,785 (43,896,366)
58,298,100 - 58,298,100
13,914,555 - 13,914,555
2,004,883 236,713 2,241,596
347,202 - 347,202
15,492 6,651 22,143
74,580,232 243,364 74,823,596
312,024 (312,024) -
74,892,256 (68,660) 74,823,596
5,755,105 25,172,125 30,927,230
(38,972,534) 244,045,038 205,072,504
(33,217,429)$ 269,217,163$ 235,999,734$
Net (Expense) Revenue
and Changes in Net Assets
Primary Government
The accompanying notes are an integral part of the financial statements.
23
Exhibit C
Page 1 of 2HARNETT COUNTY, NORTH CAROLINA
BALANCE SHEET - GOVERNMENTAL FUNDS
JUNE 30, 2012
Other Total
Governmental Governmental
General Funds Funds
Assets:
Cash and investments 15,825,376$ 1,364,231$ 17,189,607$
Taxes receivable, net 1,304,908 157,103 1,462,011
Accounts receivable, net 11,497,074 372,515 11,869,589
Due from other funds 188,103 480,245 668,348
Due from other governments 1,343,244 - 1,343,244
Inventories 10,776 - 10,776
Prepaid items 737,448 2,612 740,060
Restricted assets:
Restricted cash and cash equivalents 574,133 464,856 1,038,989
Total assets 31,481,062$ 2,841,562$ 34,322,624$
Liabilities and Fund Balances:
Liabilities:
Accounts payable and accrued liabilities 1,935,890$ 698,908$ 2,634,798$
Due to other funds 429,646 77,703 507,349
Unearned revenues 247,399 24,798 272,197
Deferred revenues 5,543,625 132,302 5,675,927
Total liabilities 8,156,560 933,711 9,090,271
Fund Balances:
Non-spendable
Inventories 10,776 - 10,776
Prepaid items 737,448 2,612 740,060
Restricted for stabilization for State statute 8,789,704 849,310 9,639,014
Restricted for Register of Deeds - 117,279 117,279
Restricted for general government - 12,554 12,554
Restricted for education 574,133 529,697 1,103,830
Restricted for public safety - 701,463 701,463
Restricted for memorials - 2,030 2,030
Committed - 103,168 103,168
Assigned - 60,662 60,662
Unassigned 13,212,441 (470,924) 12,741,517
Total fund balances 23,324,502 1,907,851 25,232,353
Total liabilities and fund balances 31,481,062$ 2,841,562$ 34,322,624$
The accompanying notes are an integral part of the financial statements.
24
Exhibit C
Page 2 of 2HARNETT COUNTY, NORTH CAROLINA
BALANCE SHEET - GOVERNMENTAL FUNDS
JUNE 30, 2012
Total
Governmental
Funds
Amounts reported for governmental activities in the Statement of Net Assets
are different because:
Total fund balances - modified accrual 25,232,353$
Capital assets used in governmental activities are not financial resources
and, therefore, are not reported in the funds. 67,218,062
Bond issuance cost are not available to pay for current-period expenditures and,
therefore, are deferred in the funds. 1,415,283
Long-term debt and compensated absences are not due and payable in the
current period and, therefore, are not reported in the funds.
Long term liabilities (123,258,025)
Compensated absences (2,419,210)
Accrued interest payable (244,044)
Other post-employment benefits (5,164,299)
Unfunded pension (617,250)
Claims payable
Consolidation of Internal Service Fund (1,056,226)
Deferred revenues in the governmental funds are used to offset accounts receivable
expected to be available within 90 days of year-end. These receivables are a
component of net assets in the Statement of Net Assets. 5,675,927
Net assets of governmental activities (Exhibit A) (33,217,429)$
The accompanying notes are an integral part of the financial statements.
25
Exhibit D
HARNETT COUNTY, NORTH CAROLINA
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2012
Other Total
Governmental Governmental
General Funds Funds
Revenues:
Ad valorem taxes 52,129,522$ 5,914,010$ 58,043,532$
Other taxes and licenses 14,944,843 974,595 15,919,438
Unrestricted intergovernmental revenues 347,202 - 347,202
Restricted intergovernmental revenues 19,857,241 723,264 20,580,505
Permits and fees 2,715,669 906,083 3,621,752
Sales and services 9,398,257 83,000 9,481,257
Investment earnings 14,473 1,019 15,492
Other general revenues 2,111,378 2,231 2,113,609
Total revenues 101,518,585 8,604,202 110,122,787
Expenditures:
Current:
General government 9,534,273 680,024 10,214,297
Public safety 23,170,318 8,048,304 31,218,622
Transportation 160,068 - 160,068
Environmental protection 118,166 - 118,166
Economic and physical development 5,844,589 426,055 6,270,644
Human services 24,601,224 21,286 24,622,510
Cultural and recreation 1,354,884 - 1,354,884
Education 23,801,021 314,744 24,115,765
Debt service:
Principal repayments 7,176,838 - 7,176,838
Interest and fees 5,139,600 - 5,139,600
Total expenditures 100,900,981 9,490,413 110,391,394
Revenues over (under) expenditures 617,604 (886,211) (268,607)
Other Financing Sources (Uses):
Long-term debt refunded 24,033,690 - 24,033,690
Long-term debt issued 329,485 - 329,485
Payment to escrow agents (23,921,394) - (23,921,394)
Transfers to other funds (135,952) (3,315,918) (3,451,870)
Transfers from other funds 3,721,918 41,976 3,763,894
Total other financing sources (uses) 4,027,747 (3,273,942) 753,805
Net change in fund balances 4,645,351 (4,160,153) 485,198
Fund Balances:
Beginning of year - July 1 18,679,151 6,068,004 24,747,155
End of year - June 30 23,324,502$ 1,907,851$ 25,232,353$
The accompanying notes are an integral part of the financial statements.
26
Exhibit E
HARNETT COUNTY, NORTH CAROLINA
RECONCILIATION OF THE STATEMENT OF REVENUES,
EXPENDITURES, AND CHANGES IN FUND BALANCES -
GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2012
Amounts reported for governmental activities in the Statement of Activities (Exhibit B)
are different due to the following items:
Net change in fund balances - total governmental funds (Exhibit D) 485,198$
Exhibit D reports revenues using a current financial resources basis, which generally means
revenue is recognized when collected or is expected to be collected within 90 days of year-end.
Exhibit B reports revenues when the earning process is complete, regardless of when it is
collected. This measurement difference causes timing of revenue recognition differences for
the following revenue types:
Property taxes 254,568
Ambulance/other miscellaneous revenues 1,796,535
Expenses related to other post-employment benefits, claims payable, and pension that do
not require current financial resources are not reported as expenditures in the governmental
funds statement. (1,457,130)
Expenses related to accrued interest and prepaid tax penalties that do not require current
financial resources are not reported as expenditures in the governmental funds statement. 91,103
Expenses related to bond issuance that do not require current financial resources are not
reported as expenditures in the governmental funds statement. 109,989
Capital outlays are reported as expenditures in the governmental funds statement. However,
in the Statement of Activities, capital outlay is not an expense, rather it is an increase in
capital assets. 1,196,344
Depreciation expense allocates the costs of capital assets over their useful lives. It is not
reported as an expenditure in the governmental funds statement. (2,282,529)
Principal repayments are reported as expenditures in the governmental funds statement.
However, in the Statement of Activities, these transactions are not an expense, rather they
are a decrease in liabilities. 29,651,838
Consolidation of Internal Service Fund 272,364
Premium from the issuance of debt and the issuance of debt are reported as revenues in
the governmental funds statement. However, in the Statement of Activities, proceeds from
the issuance of debt are not a revenue, rather they are an increase in liabilities. (24,363,175)
Change in net assets of governmental activities (Exhibit B) 5,755,105$
The accompanying notes are an integral part of the financial statements.
27
Exhibit F
HARNETT COUNTY, NORTH CAROLINA
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
Variance from
Final Budget
Original Final Actual Over/Under
Revenues:
Ad valorem taxes 52,518,059$ 52,518,059$ 52,129,522$ (388,537)$
Other taxes and licenses 12,839,058 12,863,555 14,944,843 2,081,288
Unrestricted intergovernmental revenues 35,000 354,096 347,202 (6,894)
Restricted intergovernmental revenues 18,167,320 22,086,399 19,857,241 (2,229,158)
Permits and fees 2,543,964 2,584,469 2,715,669 131,200
Sales and services 10,143,564 9,798,559 9,398,257 (400,302)
Investment earnings 13,100 13,100 14,473 1,373
Other general revenues 1,402,371 1,959,240 2,111,378 152,138
Total revenues 97,662,436 102,177,477 101,518,585 (658,892)
Expenditures:
General government 10,089,786 10,501,657 9,534,273 967,384
Public safety 23,563,672 24,414,989 23,170,318 1,244,671
Transportation 162,856 162,856 160,068 2,788
Environmental protection 167,364 167,364 118,166 49,198
Economic and physical development 4,761,781 5,860,161 5,844,589 15,572
Human services 25,540,575 27,852,361 24,601,224 3,251,137
Cultural and recreation 1,316,933 1,393,248 1,354,884 38,364
Education 20,710,256 24,859,119 23,801,021 1,058,098
Debt service:
Principal repayments 7,264,359 7,264,359 7,176,838 87,521
Interest and fees 5,319,187 5,432,187 5,139,600 292,587
Total expenditures 98,896,769 107,908,301 100,900,981 7,007,320
Revenues over (under) expenditures (1,234,333) (5,730,824) 617,604 6,348,428
Other Financing Sources (Uses):
Transfers to other funds (36,667) (136,621) (135,952) 669
Transfers from other funds 904,000 4,015,820 3,721,918 (293,902)
Long-term debt issued 367,000 24,400,690 24,363,175 (37,515)
Bond payoff - (23,920,690) (23,921,394) (704)
Appropriated fund balance - 1,371,625 - (1,371,625)
Total other financing sources (uses) 1,234,333 5,730,824 4,027,747 (1,703,077)
Net change in fund balance -$ -$ 4,645,351 4,645,351$
Fund Balance:
Beginning of year - July 1 18,679,151
End of year - June 30 23,324,502$
Budgeted Amounts
The accompanying notes are an integral part of the financial statements.
28
Exhibit G
HARNETT COUNTY, NORTH CAROLINA
STATEMENT OF NET ASSETS
PROPRIETARY FUNDS
JUNE 30, 2012
Water and Solid Waste Internal
Sewer Fund Fund Total Service Fund
Assets:
Current assets:
Cash and cash investments 17,441,884$ 186,667$ 17,628,551$ 789,158$
Accounts receivable, net 7,327,857 235,312 7,563,169 21,198
Restricted intergovernmental receivables - 53,605 53,605 -
Prepaid items 188,620 14,425 203,045 -
Inventory 513,713 - 513,713 -
Restricted assets:
Cash and investments, restricted 13,575,972 19 13,575,991 -
Total current assets 39,048,046 490,028 39,538,074 810,356
Non-current assets:
Land and construction in progress 136,313,598 912,288 137,225,886 -
Other capital assets, net 177,265,305 2,429,594 179,694,899 -
Bond issuance cost, net 1,727,160 26,648 1,753,808 -
Total non-current assets 315,306,063 3,368,530 318,674,593 -
Total assets 354,354,109 3,858,558 358,212,667 810,356
Liabilities and Net Assets:
Liabilities:
Current liabilities:
Accounts payable and accrued liabilities 3,735,525 235,021 3,970,546 -
Claims payable - - - 424,296
Accrued interest 378,475 8,171 386,646 -
Due to other funds 156,000 5,000 161,000 -
Unearned revenue 104,189 42,608 146,797 -
Customer deposits 1,601,163 - 1,601,163 -
Compensated absences, current 430,748 37,456 468,204 -
Current portion of long-term debt 17,122,918 265,517 17,388,435 -
Total current liabilities 23,529,018 593,773 24,122,791 424,296
Non-current liabilities:
Compensated absences, non-current 109,695 11,394 121,089 -
Claims payable - - - 1,504,321
Non-current portion of long-term debt 60,615,319 3,254,939 63,870,258 -
Other post-employment benefits 740,420 78,911 819,331 -
Total non-current liabilities 61,465,434 3,345,244 64,810,678 1,504,321
Total liabilities 84,994,452 3,939,017 88,933,469 1,928,617
Net Assets:
Invested in capital assets, net of related debt 249,352,083 1,456,844 250,808,927 -
Unrestricted 20,007,574 (1,537,303) 18,470,271 (1,118,261)
Total net assets 269,359,657$ (80,459)$ 269,279,198 (1,118,261)$
Adjustment to reflect consolidation of Internal Service Fund (62,035)
Net assets 269,217,163$
Enterprise Funds
The accompanying notes are an integral part of the financial statements.
29
Exhibit H
HARNETT COUNTY, NORTH CAROLINA
STATEMENT OF REVENUES, EXPENSES, AND CHANGES
IN FUND NET ASSETS - PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2012
Water and Solid Waste Internal
Sewer Fund Fund Total Service Fund
Operating Revenues:
Charges for services 23,586,918$ 3,956,316$ 27,543,234$ -$
Water and sewer taps 350,033 - 350,033 -
Johnson County 7,406 - 7,406 -
County contributions - - - 1,433,746
Other operating revenues 6,186,572 1,034 6,187,606 -
Total operating revenues 30,130,929 3,957,350 34,088,279 1,433,746
Operating Expenses:
Water distribution and sewage treatment 13,615,380 - 13,615,380 -
Solid waste - 3,925,567 3,925,567 -
Benefits and premiums - - - 1,120,684
Depreciation 5,248,377 178,966 5,427,343 -
Total operating expenses 18,863,757 4,104,533 22,968,290 1,120,684
Operating income (loss) 11,267,172 (147,183) 11,119,989 313,062
Non-Operating Revenues (Expenses):
Gain on sale of assets - 1,617 1,617 -
Solid waste disposal tax - 236,713 236,713 -
Interest earned on investments 6,146 505 6,651 -
Interest and fees (4,583,046) (85,426) (4,668,472) -
Total non-operating revenues (expenses) (4,576,900) 153,409 (4,423,491) -
Income (loss) before capital contributions and transfers 6,690,272 6,226 6,696,498 313,062
Capital contributions 18,746,953 - 18,746,953 -
Income (loss) before transfers 25,437,225 6,226 25,443,451 313,062
Transfers:
Transfers in 85,616 8,360 93,976 -
Transfers out (406,000) - (406,000) -
Total transfers (320,384) 8,360 (312,024) -
Change in net assets 25,116,841 14,586 25,131,427 313,062
Net Assets:
Beginning of year - July 1 244,242,816 (95,045) (1,431,323)
End of year - June 30 269,359,657$ (80,459)$ (1,118,261)$
Adjustment to reflect consolidation of Internal Service Fund 40,698
Change in net assets 25,172,125$
Enterprise Funds
The accompanying notes are an integral part of the financial statements.
30
Exhibit I
HARNETT COUNTY, NORTH CAROLINA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2012
Water and Solid Waste Internal
Sewer Fund Fund Total Service Fund
Cash Flows from Operating Activities:
Cash received from customers 34,840,793$ 4,166,380$ 39,007,173$ 1,412,548$
Cash paid for goods and services (8,575,092) (3,528,618) (12,103,710) (1,186,781)
Cash paid to employees for services (4,983,728) (661,388) (5,645,116) -
Other revenues - 238,330 238,330 -
Customer deposits received 119,334 - 119,334 -
Net cash provided (used) by operating activities 21,401,307 214,704 21,616,011 225,767
Cash Flows from Non-Capital Financing Activities:
Loans from (to) other funds 156,000 5,000 161,000 -
Transfers in 85,616 8,360 93,976 -
Transfers out (406,000) - (406,000) -
Net cash provided (used) by non-capital financing activities (164,384) 13,360 (151,024) -
Cash Flows from Capital and Related Financing Activities:
Acquisition and construction of capital assets (27,148,461) (8,280) (27,156,741) -
Principal paid on long-term debt (4,555,711) (47,126) (4,602,837) -
Loans issued 21,973,676 - 21,973,676 -
Interest and fees (4,444,100) (88,043) (4,532,143) -
Capital contributions 14,689,325 - 14,689,325 -
Net cash provided (used) for capital and related financing activities 514,729 (143,449) 371,280 -
Cash Flows from Investing Activities:
Interest on investments 6,146 505 6,651 -
Net increase (decrease) in cash and cash equivalents 21,757,798 85,120 21,842,918 225,767
Cash and Cash Equivalents:
Beginning of year - July 1 9,260,058 101,566 9,361,624 563,391
End of year - June 30 31,017,856$ 186,686$ 31,204,542$ 789,158$
Reconciliation of Operating Income (Loss) to
Net Cash Provided (Used) by Operating Activities:
Operating income (loss) 11,267,172$ (147,183)$ 11,119,989$ 313,062$
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:
Depreciation 5,248,377 178,966 5,427,343 -
Gain on disposal of asset - 1,617 1,617 -
Other revenues - 236,713 236,713 -
Changes in assets and liabilities:
(Increase) decrease in accounts receivable 4,694,898 190,719 4,885,617 (21,198)
Increase (decrease) in accounts payable and accrued liabilities (41,541) (34,153) (75,694) (66,097)
Increase (decrease) in prepaid items (91,990) (14,425) (106,415) -
Increase (decrease) in unearned revenues 14,966 18,311 33,277 -
Increase (decrease) in landfill post-closure - (237,862) (237,862) -
(Increase) decrease in inventory (4,601) - (4,601) -
Increase (decrease) in customer deposits 119,334 - 119,334 -
Increase (decrease) in accrued vacation pay 20,457 5,699 26,156 -
Increase (decrease) in OPEB payable 174,235 16,302 190,537 -
Net cash provided (used) by operating activities 21,401,307$ 214,704$ 21,616,011$ 225,767$
Non-Cash Transactions:
Contributed water lines 4,057,628$ -$ 4,057,628$ -$
Enterprise Funds
The accompanying notes are an integral part of the financial statements.
31
Exhibit J
HARNETT COUNTY, NORTH CAROLINA
STATEMENT OF FIDUCIARY NET ASSETS
FIDUCIARY FUNDS
JUNE 30, 2012
Agency
Funds
Assets:
Cash and investments 238,115$
Total assets 238,115$
Liabilities:
Accounts payable 238,115$
Total liabilities 238,115$
The accompanying notes are an integral part of the financial statements.
32
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accounting policies of Harnett County (“the County”) and its component units conform to accounting principles generally accepted in the United States of America as applicable to governments. The following is a summary of the more significant accounting policies:
A. Reporting Entity The County, which is governed by a five-member Board of Commissioners, is one of the 100 counties established in North Carolina under North Carolina General Statute (“G.S.”) 153A-10. As required by accounting principles generally accepted in the United States of America, these financial statements present the County and its component units, legally separate entities for which the County is financially accountable. One component unit of the County has no financial transactions or account balances; therefore, it does not appear in the basic financial statements. The blended component units, although they are legally separate entities, are in substance, part of the County’s operations.
Blended Component Units
Harnett Water and Sewer Districts Harnett County Water and Sewer Districts (the “Districts”) exist to provide and maintain a water system for the county residents within the districts. Under State law G.S. 162A-89J, the County’s Board of Commissioners also serves as the governing board for the Districts. Therefore, the Districts are reported as enterprise funds in the County’s financial statements. The County has the following ten water and sewer districts, which are accounted for as enterprise funds: Northeast Metro Water and Sewer District Southwest Water and Sewer District Buies Creek/Coats Water and Sewer District Bunnlevel/Riverside Water and Sewer District South Central Water and Sewer District Southeast Water and Sewer District West Central Water and Sewer District East Central Water and Sewer District Northwest Water and Sewer District Riverside Water and Sewer District The County entered into an agreement during fiscal year 1998, with each existing District and which will encompass additional Districts as they are created, that transferred all assets, liabilities (excluding bond indebtedness, loans, and installment notes, along with accrued interest payable), operational rights, and responsibilities to the County. In consideration for this agreement, along with related accrued interest payables, the County agreed to pay the Districts an amount equal to debt service costs for the respective Districts for the duration of the respective bonds, loans, and notes. The County maintains the Districts’ assets, provides water and sewer operations and makes payments on outstanding debts on behalf of the respective Districts. Therefore, the County’s financial statements reflect the assets and debts in the Harnett County Public Utilities Fund. The Board of County Commissioners sits as the Board of each District. No separate financial statements are issued by these Districts as they have no operations, only certain outstanding debt that is paid on their behalf by the County pursuant to the
agreement noted above.
33
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Other Component Unit
Harnett County Industrial Facility and Pollution Control Financing Authority
Harnett County Industrial Facility and Pollution Control Financing Authority (“the Authority”) exists to issue and service revenue bond debt of private businesses for economic development purposes. The Authority is governed by a seven-member Board of Commissioners, all of whom are appointed by the County Commissioners. The County can remove any commissioner of the Authority with or without cause. The Authority has no financial transactions or account balances; therefore, it is not presented in the basic financial statements. The Authority does not issue separate financial statements.
B. Basis of Presentation, Measurement Focus - Basis of Accounting Government-Wide Statements. The Statement of Net Assets and the Statement of Activities display information about the primary government (the County). These statements include the financial activities of the overall government, except for fiduciary activities. Eliminations have been made to minimize the double counting of internal activities. These statements distinguish between the governmental and business-type activities of the County. Governmental activities generally are financed through taxes, intergovernmental revenues, and other non-exchange transactions. Business-type activities are financed in whole or in part by fees charged to external parties.
The Statement of Activities presents a comparison between direct expenses and program revenues for the different business-type activities of the County and for each function of the County’s governmental activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. Indirect expense allocations that have been made in the funds have been reversed for the Statement of Activities. Program revenues include (a) fees and charges paid by the recipients of goods or services offered by the programs and (b) grants and contributions that are restricted to meeting the operational or capital requirements of a particular program. Revenues that are not classified as program revenues, including all taxes, are presented as general
revenues. Fund Financial Statements. The fund financial statements provide information about the County’s funds, including its fiduciary funds and blended component units. Separate statements for each fund category - governmental, proprietary, and fiduciary - are presented. The emphasis of fund financial statements is on major governmental and enterprise funds, each displayed in a separate column. All remaining governmental and enterprise funds, if any, are aggregated and reported as nonmajor funds. Proprietary fund operating revenues, such as charges for services, result from exchange transactions associated with the principal activity of the fund. Exchange transactions are those in which each party receives and gives up essentially equal values. Non-operating revenues, such as subsidies and investment earnings, result from non-exchange transactions or ancillary activities.
The County reports the following major governmental fund:
General Fund. This fund is the County’s operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.
34
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
The County reports the following nonmajor governmental funds: Special Revenue Funds: Special revenue funds account for the proceeds of special revenue sources that are legally restricted to the expenditure for special purposes. All of these funds are annually budgeted except for the AMPI Unrecoverable Cost Fund. The County reports the following special revenue funds: Section 8 Housing Fund; Special Districts Fund; Law Enforcement Fund; Emergency Telephone System Fund; Automation Enhancement & Preservation Fund; Emergency Response Planning Fund; Green Jobs; Harnett Memorial Fund; Abandoned Manufactured Homes Fund; Floodplain Mapping Fund; WIA Youth Program Fund; AMPI Unrecoverable Cost Fund; the ARRA Fund; the Employment Transportation Fund; and the Electronics Management Fund. Capital Project Funds. Capital project funds account for financial resources to be used for the acquisition or construction of major capital facilities. The County reports the following capital project funds: Transportation Facility Design Fund; Taxiway & Apron Land Acquisition and Runway Safety Fund; School Improvements QZAB Fund; Barbeque Creek Park Fun; Airport Runway Reimburse; Hanger Planning & Preliminary Engineering; Airport SWPP & SPCC; Anderson Creek Phase I; School Improvements QZAB III Fund; Emergency Services Renovation Fund; Boone Trail Elementary Fund; Harnett Central High School Fund; Johnsonville Elementary School Fund; Highland Elementary School Gym Fund; Angier Elementary School Fund; Law Enforcement Expansion Fund; Airport Overlay Zoning Fund; Campo Pedestrian Trail Fund; Good Hope Mental Health Fund; and Airport Runway Reimbursement Project Fund; Single Family SFR 2010; and Taxiway and Apron Rehab.
The County reports all enterprise funds as major. Harnett County maintains one enterprise fund to account for the operations of the water and sewer districts. The County maintains ten additional funds to account for the debt service for each district. The County maintains a separate enterprise fund for the operations of the landfill. The County’s enterprise funds consist of the following:
Harnett County Public Utilities Fund. This fund is used to account for the operations of the ten water and sewer districts, which provide water and sewer to the residents of the County. Individual Water and Sewer Funds. These funds are used to account for the debt service for each of the water and sewer districts. These funds are consolidated with the Public Utilities Fund for reporting. These funds are the Northeast Metro Water and Sewer District, the Buies Creek I Coats Sewer District, the South Central Water and Sewer District, the West Central Water and Sewer District, the Northwest Water and Sewer District, the Southwest Water and Sewer District, the Bunnlevel I Riverside Water and Sewer District, the Southeast Water and Sewer District, the East Central Water and Sewer District, and Riverside Water and Sewer District. The Harnett County Public Utilities Fund also includes the following projects: South Central Wastewater Project, Erwin Wastewater Project, East Central Improvements Project, Fort Bragg Water & Wastewater Project, Water Plant Expansion Project, Buffalo Lakes Wastewater Project, South West Northern Training Area/Cameron Hill Project. South Central Waste Water 1B-1 Project, South Central Waste Water 1B-2 Project, South Central Waste Water 1C-1 Project, South Central Waste Water 1C-2 Project, Brightwater Infrastructure Project, Wastewater Master Plan Project, NE Wastewater Extension, and Campbell Osteopathic and Lafayette School Capital Project. Solid Waste Management Fund. This fund is used to account for the operations of the Harnett County Landfill.
35
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
The County reports the following fund type: Agency Funds. Agency funds are custodial in nature and do not involve the measurement of operating results. Agency funds are used to account for assets held by the County as an agent on behalf of others. The County maintains five agency funds: the Social Services Trust Fund, which accounts for monies deposited with the Department of Social Services for the benefit of certain individuals, the Motor Vehicle Tax Fund, which accounts for registered motor vehicle property taxes that are billed and collected by the County for various municipalities and special districts within the County, the State Vehicle Tax Fund, which accounts for the 3% interest penalty on past due motor vehicle property tax bills that are remitted to the North Carolina Department of Motor Vehicles and the Fines and Forfeitures Fund, which accounts for the collection and payment of fines and forfeitures to the Board of Education, and the Jail Canteen Fund, which accounts for inmate monies being held for use at the jail canteen.
Internal Service Funds. The internal service funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the County, on a cost-reimbursement basis. Harnett County has two internal service funds, the Workers’ Compensation Fund and the Group Insurance Fund. The Workers’ Compensation Fund is used to account for the County’s decision to finance workers' compensation insurance coverage internally rather than through a private insurance carrier. The General Insurance Fund is used to account for liabilities that have been incurred from prior years when the County was self-funded. Internal service funds are accounted for in the governmental activities in the government-wide financial statements and the individual fund data is provided in the Internal Service Fund section of the report.
C. Measurement Focus, Basis of Accounting In accordance with North Carolina General Statutes, all funds of the County are maintained during the year using the modified accrual basis. Government-Wide, Proprietary, and Fiduciary Fund Financial Statements. The government-wide, proprietary, and fiduciary fund financial statements are reported using the economic resources measurement focus, except for the agency funds, which have no measurement focus. The government-wide, proprietary fund, and fiduciary fund financial statements are reported using the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place. Non-exchange transactions, in which the County gives (or receives) value without directly receiving (or giving) equal value in exchange, include property taxes, grants, entitlements, and donations. On an accrual basis, revenue from grants, entitlements, and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied. Amounts reported as program revenues include 1) charges to customers or applicants for goods, services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes.
36
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the County enterprise funds are charges to customers for sales and services. The County also recognizes as operating revenue the portion of tap fees intended to recover the cost of connecting new customers to the system. Operating expenses for enterprise funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses.
Governmental Fund Financial Statements. Governmental funds are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when measurable and available. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, claims and judgments, and compensated absences, which are recognized as expenditures to the extent they have matured. General capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of general long-term debt and acquisitions under capital leases are reported as other financing sources. The County considers all revenues available if they are collected within 90 days after year-end, except for property taxes. Ad valorem property taxes are not accrued as revenue because the amount is not susceptible to accrual. At June 30, taxes receivable are materially past due and are not considered to be an available resource to finance the operations of the current year. Also, as of January 1, 1993, State law altered the procedures for the assessment and collection of property taxes on registered motor vehicles in North Carolina. Effective with this change in the law, the County is responsible for billing and collecting the property taxes on all registered motor vehicles on behalf of all municipalities and special tax districts in the County. For registered motor vehicles, property taxes are due the first day of the fourth month after the vehicles are registered. The billed taxes are applicable to the fiscal year in which they become due. Therefore, taxes for vehicles registered from March 2011 through February 2012 apply to the fiscal year ended June 30, 2012. Uncollected taxes, which were billed during this period, are shown as a receivable on these financial statements. For motor vehicles, which are renewed and billed under the annual system, taxes are due on May 1 of each year. Uncollected taxes are reported as a receivable on the financial statements offset by deferred revenues because the due date and the date upon which the interest begins to accrue passed prior to June 30. Sales taxes and certain intergovernmental revenues, such as the utilities franchise tax, collected, and held by the State at year-end on behalf of the County are recognized as revenue. Intergovernmental revenues and sales and services are not susceptible to accrual because generally they are not measurable until received in cash. Expenditure-driven grants are recognized as revenue when the qualifying expenditures have been incurred and all other grant requirements have been satisfied. Under the terms of grant agreements, the County funds certain programs by a combination of specific cost-reimbursement grants, categorical block grants, and general revenues. Thus, when program expenses are incurred, there are both restricted and unrestricted net assets available to finance the program. It is the County’s policy to first apply cost-reimbursement grant resources to such programs, followed by categorical block grants, and then by general revenues. All governmental and business-type activities and enterprise funds of the County follow FASB Statements and Interpretations issued on or before November 30, 1989, Accounting Principles Board Opinions, and Accounting Research Bulletins, unless those pronouncements conflict with GASB pronouncements.
37
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
D. Budgetary Data The County’s budgets are adopted as required by the North Carolina General Statutes. Formal budgetary accounting is employed as a management control for all funds of the County. Annual budget ordinances are adopted each fiscal year, and amended as required, for the General Fund, all special revenue funds except for the AMPI Unrecoverable Cost Fund and for the enterprise funds. All annual appropriations lapse at the fiscal year-end. Project ordinances are adopted for the capital project funds. All budgets are prepared using the modified accrual basis of accounting, which is consistent with the accounting system used to record transactions. The Workers’ Compensation Fund and General Insurance Fund (internal service funds) operate under financial plans that were adopted by the governing board at the time the County’s budget ordinance was approved. The legal level of control over expenditures is at the department level for the General Fund, special revenue funds, and enterprise funds. The balances in the capital reserve funds will be appropriated when transferred to the General Fund or their respective capital project funds. The County Manager is authorized by the budget ordinance to transfer amounts between line item expenditures within a department without limitation with an official report on such transfers at the next regular meeting of the Board of Commissioners. These changes should not result in changes in recurring obligations such as salaries. The manager may not transfer amounts between departments of the same fund or transfer amounts between funds or from any contingency appropriation within a fund. All other transfers, as well as any revisions that alter the total expenditures of any fund, require prior approval by the board of commissioners. During the year, a significant number of amendments to the original budget were necessary. A budget calendar is included in the North Carolina General Statutes, which prescribes the last day on which certain steps of the budget procedure are to be performed. The following schedule lists the tasks to be performed and the date by which each is required to be completed.
March 20 - Each department head submits to the budget officer the budget requests and
revenue estimates for their department for the budget year. May 1 - The budget and the budget message shall be submitted to the governing board.
The public hearing on the budget should be scheduled at this time.
June 19 - The budget ordinance shall be adopted by the governing board.
38
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
E. Assets, Liabilities, and Fund Equity Deposits and Investments
All deposits of the County are made in board-designated official depositories and are secured as required by G.S. 159-31. The County may designate, as an official depository, any bank or savings association whose principal office is located in North Carolina. Also, the County may establish time deposit accounts such as NOW and SuperNow accounts, money market accounts, and certificates of deposit. State Law G. S. 159-30(c) authorizes the County to invest in obligations of the United States or obligations fully guaranteed both as to principal and interest by the United States; obligations of the State of North Carolina; bonds and notes of any North Carolina local government or public authority; obligations of certain non-guaranteed federal agencies; certain high quality issues of commercial paper and banker’s acceptances; and the North Carolina Capital Management Trust (“NCCMT”). The County’s investments with a maturity of more than one year at acquisition and non-money market investments are carried at fair value as determined by quoted market prices. The securities of the NCCMT Cash Portfolio, and SEC-registered (2a-7) money market mutual funds, are valued at fair value, which is the NCCMT’s share price. The NCCMT Term Portfolio’s securities are valued at fair value. Money market investments including commercial paper that have a remaining maturity at the time of purchase of one year or less and non-participating interest earnings and investment contracts are reported at amortized cost.
Cash and Cash Equivalents The County pools monies from several funds to facilitate disbursement and investment and to maximize investment income. Therefore, all cash and investments are essentially demand deposits and are considered cash and cash equivalents. The investment income is allocated based on each fund’s monthly balance in relation to the total pooled cash balance. For purposes of the Statement of Cash Flows, the County’s proprietary funds consider equity in pooled cash and investments to be cash equivalents as they are essentially demand deposit accounts.
Restricted Assets The unexpended bond proceeds of the Water and Sewer Fund Serial Bonds issued by the County are considered restricted assets (i.e., cash and investments) for the enterprise funds because their use is completely restricted to the purpose for which the bonds were originally issued. The unexpended certificate of participation proceeds in the Water and Sewer Fund and the capital projects funds are deposited in a trustee account and are also restricted assets because of contractual requirements. Such amounts are included in cash and investments and are described in the footnotes. Restricted cash in the General Fund is accumulated and applied against debt interest payments. Customer deposits held by the County before any services are supplied are restricted to the service for which the deposit was collected.
39
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Ad Valorem Taxes Receivable In accordance with State law [G.S. 105-347 and G.S. 159-13(a)], the County levies ad valorem taxes on property other than motor vehicles on July 1, the beginning of the fiscal year. The taxes are due on September 1 (lien date); however, penalties and interest do not accrue until the following January 6. These taxes are based on the assessed values as of January 1, 2011 as allowed by state law; the County has established a schedule of discounts that apply to taxes that are paid prior to the due date. In the General Fund, ad valorem tax revenues are reported net of such discounts. Allowance for Doubtful Accounts All receivables that historically experience uncollectible accounts are shown net of allowances for doubtful accounts. These amounts are estimated by analyzing the percentage of receivables, which are not expected to be collected.
Inventory Inventory is determined by physical count and valued at cost, which approximates market. The inventory of the General Fund consists of expendable supplies held for consumption that are recorded as expenditures when purchased. The inventory of the enterprise funds consists of chemicals, meters and meter boxes, fuel oil, tubing and other supplies held for consumption. In each case, the cost of the inventory carried in the County’s Enterprise Fund is recorded as an expense when the inventory is consumed. Capital Assets Purchased or constructed capital assets are reported at cost or estimated historical cost. Donated capital assets are recorded at their estimated fair value at the date of donation. The minimum capitalization threshold is $5,000. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend the assets’ lives are not capitalized. The County does not own any infrastructure assets. The County holds title to certain Harnett County Board of Education properties that have not been included in capital assets. The properties have been deeded to the County to permit installment purchase financing of acquisition and construction costs and to permit the County to receive refunds of sales tax paid for construction costs. Agreements between the County and Board of Education give the Board of Education full use of the facilities, full responsibility for maintenance of the facilities, and provide that the County will convey title to the property back to the Board of Education, once all restrictions of the financing agreements and all sales tax reimbursement requirements have been met. The properties are reflected as capital assets in the financial statements of the Harnett County Board of Education. Capital assets of the County are depreciated on a straight-line basis using the following estimated useful lives:
Buildings and improvements 50 years Plant, distribution, and collection system 20 to 40 years Furniture 10 years Equipment 5 years Computer hardware 3 years Computer software 3 years Vehicles 6 years
40
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Long-Term Obligations
In the government-wide financial statements and in the proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary fund type Statement of Net Assets. In the fund financial statements for the governmental fund types, the face amount of debt issued is reported as an other financing source.
Compensated Absences
The vacation policy of the County provides that vacation leave may be accumulated without any applicable maximum until December 31
st of each calendar year. On December 31
st, all vacation leave exceeding 240
hours per employee is transferred to sick leave. For the government-wide financial statements and proprietary funds, an expense and a liability for compensated absences and the salary-related payments are recorded as the leave is earned. The County’s sick leave policy provides for an unlimited accumulation of earned sick leave. Sick leave does not vest but any unused sick leave accumulated at the time of retirement may be used in the determination of length of service for retirement benefit purposes. Because the County has no obligation for the accumulated sick leave until it is actually taken, no accrual for sick leave has been made.
Net Assets/Fund Balances Net Assets Net assets in government-wide and proprietary fund financial statements are classified as invested in capital assets, net of related debt, restricted and unrestricted. Restricted net assets represent constraints on resources that are either externally imposed by creditors, grantors, contributors, laws or regulations of other governments, or imposed by law through State statutes. Fund Balances
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.
The governmental fund types classify fund balances 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. Prepaid Items - portion of fund balance that is not an available resource because it represents prepaid amounts, which are not spendable resources. Inventory - portion of fund balance that is not an available resource because it represents the year-end balance of ending inventories, which are not spendable resources.
41
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Restricted Fund Balance This classification includes amounts that are restricted to specific purposes externally imposed by creditors or imposed by law. Stabilization by State Statute – portion of fund balance that is not an available resource for appropriation in accordance with State law (G.S. 159-8(a)). Restricted for Register of Deeds – portion of fund balance that is restricted by revenue source to pay for the computer equipment and imaging technology for the Register of Deeds’ office. Restricted for General Government – portion of fund balance restricted by revenue source for general government activities. Restricted for Public Safety – portion of fund balance restricted by revenue source for public safety related activities such as police and fire. Restricted for Education – portion of fund balance restricted by revenue source for education. Restricted for Memorials – represents the portion of fund balance restricted by revenue source to construct memorials in the County. Committed Fund Balance This classification represents the portion of fund balance that can only be used for specific purposes determined by a formal action of the government's highest level of decision-making authority. The County Board of Commissioners is the highest level of decision-making authority for the government that can, by adoption of an ordinance prior to the end of the fiscal year, commit fund balance. Once adopted, the limitation imposed by the ordinance remains in place until a similar action is taken to remove or revise the limitation. Committed for General Government Capital Projects – represents the portion of fund balance committed by governing body for future capital related general government activities and projects. Committed for Economic Development – portion of fund balance that can only be used for economic development. Committed for Human Services Capital Projects – portion of fund balance that can only be used for human services.
42
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Committed fund balance at June 30, 2012 is as follows:
OtherGovernmental
Purpose Funds
Economic Development 56,537$ Human Services Capital Projects 17,241
General Government Capital Projects 29,390
Total 103,168$
Assigned Fund Balance
Assigned fund balance is the portion of fund balance that the County intends to use for specific purposes. The County’s governing body has the authority to assign fund balances. The Manager and Finance Officer, as granted in the officially adopted budget ordinance, have been granted limited authority to assign fund balance. Assigned for Public Safety – represents the portion of fund balance budgeted by the governing body for future public safety expenditures. Assigned for public safety was $39,178. Assigned for Abandoned Manufactured Home Removal – represents the portion of fund balance budgeted by the governing body for future abandoned home removal. Assigned for abandoned manufactured home removal was $21,484.
Unassigned Fund Balance Unassigned fund balance represents the portion of fund balance that has not been assigned to another fund or is not restricted, committed, or assigned to specific purposes within the general fund. Harnett County has a revenue spending policy that provides guidance for programs with multiple revenue sources. The Finance Officer will use resources in the following order: bond/debt proceeds, federal funds, state funds, local non-County funds, and County funds. For purposes of fund balance classification, expenditures are to be spent from restricted fund balance first, followed in order by committed fund balance, assigned fund balance and, lastly, unassigned fund balance. The Finance Officer has the authority to deviate from this policy if it is in the best interest of the County or when required by grant or other contractual agreements. The County Board has approved a fund balance policy which strives to maintain a fund balance of 15%.
43
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
The following schedule provides management and citizens with information on the portion of General Fund balance that is available for appropriation. Total Fund Balance - General Fund 23,324,502$ Less:Prepaids 737,448 Inventory 10,776
Stabilization by State statute 8,789,704
Total Available Fund Balance 13,786,574$
Reclassifications Certain amounts presented in the prior year’s data have been reclassified to be consistent with the current year’s presentation. Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Significant areas where estimates are made are: allowance for doubtful accounts, depreciation lives, other post-employment benefits, and law enforcement officers’ pension obligations.
NOTE 2 – CASH AND INVESTMENTS
A. Deposits All of the County’s deposits are either insured or collateralized by using one of two methods. Under the Dedicated Method, all deposits exceeding the federal depository insurance coverage are collateralized with securities held by the County’s agent in the County’s name. Under the Pooling Method, which is a collateral pool, all uninsured deposits are collateralized with securities held by the State Treasurer’s agent in the name of the State Treasurer. Since the State Treasurer is acting in a fiduciary capacity for the County, these deposits are considered to be held by the County’s agent in the County’s name. The amount of the pledged collateral is based on an approved averaging method for non-interest bearing deposits and the actual current balance for interest-bearing deposits. Depositories using the Pooling Method report to the State Treasurer the adequacy of their pooled collateral covering uninsured deposits. The State Treasurer does not confirm this information with the County or the escrow agent. Because of the inability to measure the exact amount of collateral pledged for the County under the Pooling Method, the potential exists for undercollateralization, and this risk may increase in periods of high cash flows. However, the State Treasurer of North Carolina enforces strict standards of financial stability for each depository that collateralizes public deposits under the Pooling Method. The County has no policy regarding custodial credit risk for deposits, but relies on the State Treasurer to enforce standards of minimum capitalization for all pooling method financial institutions and to monitor them for compliance. The County complies with the provisions of G.S. 159-31 when designating official depositories and verifying that deposits are properly secured.
44
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 2 – CASH AND INVESTMENTS (continued)
At June 30, 2012 the County’s deposits had a carrying amount of $29,756,823 and a bank balance of $29,761,633. Of the bank balance, $577,056 was covered by federal depository insurance and $29,184,577 was covered by collateral held under the Pooling Method. At June 30, 2012, Harnett County had $ 4,810 cash on hand.
B. Investments At June 30, 2012, the County’s investments consisted of $20,698,776 in the North Carolina Capital Management Trust’s Cash Portfolio, which carried a credit rating of AAAm by Standard and Poor’s. The County has no policy on interest rate risk or credit risk. Investments at June 30, 2012, include the following restricted amounts:
General Fund Restricted:
Harnett County COPS 2002 School 17$
Harnett County COPS 2007 101
Harnett County COPS 2009 573,906
574,024
Capital Project Funds:
Harnett County Schools QZAB Construction 1,223
Harnett County COPS 2009 Schools 463,633
464,856
Enterprise Funds:
Harnett County Public Utility Fund COPS 2003 (1994) 201,218
Harnett County Public Utility Fund COPS 2002 2
Harnett County Public Utility Fund COPS 2007 Revenue Bonds 108,617
South Central Project Funds 13,266,135
Solid Waste Fund COPS 2007 19
13,575,991
Total restricted investments 14,614,871$
45
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 3 – PROPERTY TAX USE-VALUE ASSESSMENT ON CERTAIN LANDS
In accordance with the General Statutes, agriculture, horticulture, and forest land may be taxed by the County at the present-use value as opposed to market value. When the property loses its eligibility for use-value taxation, the property tax is recomputed at market value for the current year and the three preceding fiscal years, along with the accrued interest from the original due date. This tax is immediately due and payable. The following are property taxes that could become due if present use-value eligibility is lost. These amounts have not been recorded in the financial statements.
Year
Levied Tax Interest Total
2008 3,704,316$ 601,951$ 4,306,267$
2009 4,553,510 330,129 4,883,639
2010 4,586,161 332,497 4,918,658
2011 - - -
Total 12,843,987$ 1,264,577$ 14,108,564$
NOTE 4 – RECEIVABLES
Taxes and accounts receivable as of year-end are shown on the accompanying statements net of the allowance for doubtful accounts, as follows:
Allowance
for Doubtful
Fund Accounts
General 6,015,608$
Nonmajor governmental 148,311
Governmental activities 6,163,919
Public Utility 688,338
Solid Waste 145,845
Business-type activities 834,183
6,998,102$
46
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 5 – DEFERRED/UNEARNED REVENUES
The balance in deferred revenues in the fund financial statements and unearned revenues in the government-wide financial statements at year-end was composed of the following elements:
Deferred Unearned
Revenues Revenues
Prepaid taxes not yet earned (General) -$ 244,195$
Prepaid taxes not yet earned (Other governmental funds) - 24,798
Accounts receivable (General) 3,869,396 -
Other (General) - 3,204
Taxes receivable, net (General) 1,674,229 -
Taxes receivable, net (Other governmental funds) 132,302 -
Unearned (Solid Waste) - 42,608
Unearned (Public Utilities) - 104,189
Total 5,675,927$ 418,994$
47
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 6 – CAPITAL ASSETS
A. Governmental Capital Assets
Capital asset activity for the year ended June 30, 2012 was as follows:
Beginning Decreases Ending
Balances Increases and Transfers Balances
Governmental Activities:
Capital Assets Not Being Depreciated:
Land 2,214,535$ -$ -$ 2,214,535$
Construction in progress 25,819,429 132,251 (942,825) 25,008,855
Total capital assets not being depreciated 28,033,964 132,251 (942,825) 27,223,390
Capital Assets Being Depreciated:
Buildings 40,416,796 257,152 - 40,673,948
Land improvements 12,228,074 685,673 - 12,913,747
Furniture 100,919 - - 100,919
Equipment 4,321,088 225,982 - 4,547,070
Computer hardware 1,381,391 83,009 - 1,464,400
Computer software 2,350,927 108,761 - 2,459,688
Vehicles 6,463,918 646,340 - 7,110,258
Total capital assets being depreciated 67,263,113 2,006,917 - 69,270,030
Less Accumulated Depreciation:
Buildings 9,644,295 886,675 - 10,530,970
Land improvements 4,625,278 569,284 - 5,194,562
Furniture 77,256 2,581 - 79,837
Equipment 3,840,475 210,181 - 4,050,656
Computer hardware 1,341,746 39,032 - 1,380,778
Computer software 2,201,330 68,792 - 2,270,122
Vehicles 5,262,448 505,984 - 5,768,432
Total accumulated depreciation 26,992,828 2,282,529$ -$ 29,275,357
Total capital assets being depreciated, net 40,270,284 39,994,673
Governmental activity capital assets, net 68,304,247$ 67,218,063$
Depreciation expense was charged to functions/programs of the primary government as follows:
General government 811,562$
Public safety 794,579
Transportation 486,871
Economic and physical development 74,747
Human services 61,435
Cultural and recreational 53,335
Total 2,282,529$
48
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 6 – CAPITAL ASSETS (continued)
B. Business-Type Capital Assets
Beginning Decreases Ending
Balances Increases and Transfers Balances
Business-Type Activities:
Public Utilities
Capital Assets Not Being Depreciated:
Land 1,827,526$ -$ -$ 1,827,526$
Construction in progress 134,849,534 26,361,321 (26,724,783) 134,486,072
Total capital assets not being depreciated 136,677,060 26,361,321 (26,724,783) 136,313,598
Capital Assets Being Depreciated:
Plant, distribution, and collection systems 194,168,989 17,049,137 - 211,218,126
Buildings and building improvements 101,460 14,452,824 - 14,554,285
Furniture, fixtures, and equipment 2,155,559 51,000 - 2,206,559
Vehicles 2,691,706 16,589 - 2,708,295
Total capital assets being depreciated 199,117,714 31,569,551 - 230,687,265
Less Accumulated Depreciation:
Plant, distribution, and collection systems 44,247,697 4,909,314 - 49,157,011
Buildings and building improvements 70,411 6,788 - 77,199
Furniture, fixtures, and equipment 1,911,470 111,078 - 2,022,548
Vehicles 1,944,006 221,197 - 2,165,203
Total accumulated depreciation 48,173,583 5,248,377$ -$ 53,421,961
Total capital assets being depreciated, net 150,944,131 177,265,305
Public Utilities capital assets, net 287,621,191$ 313,578,903$
Solid Waste Management
Capital Assets Not Being Depreciated:
Land 912,288$ -$ -$ 912,288$
Total capital assets not being depreciated 912,288 - - 912,288
Capital Assets Being Depreciated:
Buildings and building improvements 3,031,777 - - 3,031,777
Furniture, fixtures, and equipment 2,739,135 - - 2,739,135
Vehicles 78,779 8,280 - 87,059
Total capital assets being depreciated 5,849,691 8,280 - 5,857,971
Less Accumulated Depreciation:
Buildings and building improvements 644,105 65,647 - 709,752
Furniture, fixtures, and equipment 2,537,902 113,319 - 2,651,221
Vehicles 67,404 - - 67,404
Total accumulated depreciation 3,249,411 178,966$ -$ 3,428,377
Total capital assets being depreciated, net 2,600,280 2,429,594
Solid Waste Management capital assets, net 3,512,568$ 3,341,882$
49
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 6 – CAPITAL ASSETS (continued)
Construction period interest expense, net of interest earned in the amount of $ 2,235,743 has been capitalized in the cost of business-type capital assets during the year ended June 30, 2012. At June 30, 2012, construction in progress for the business type activities consists of the following projects:
Project Expended
Authorization To Date
Erwin Wastewater 10,547,600$ 7,581,143$
East Central Improvements 5,127,119 4,845,640
Fort Bragg Water & WW 55,708,349 50,565,079
Water Plant Expansion 62,595,014 61,293,977
Buffalo Lakes Wastewater 2,589,367 2,528,663
SWEST NTA/Cameron Hill 4,870,404 344,353
South Central WW 1B-1 6,159,253 1,471,152
South Central WW 1B-2 6,319,152 1,217,649
Brightwater Infrastructure 3,718,541 3,347,323
South Central WW 1C-1 4,432,665 296,373
South Central WW 1C-2 4,475,318 323,859
NE Wastewater Extension 1,121,032 618,711
Campbell Osteopathic 849,530 52,150
Total 168,513,344$ 134,486,072$
Invested in Capital Assets, Net of Debt The total invested in capital assets, net of related debt at June 30, 2012 is composed of the following elements:
Total
Governmental Water/Sewer Solid Waste Business-Type
Capital assets 67,218,063$ 313,578,903$ 3,341,882$ 316,920,785$
Total debt, gross 123,258,026 77,802,792 1,885,057 79,687,849
Debt not related to capital assets 92,299,312 - - 92,299,312
Capital related unspent debt proceeds 1,038,880 13,575,972 19 13,575,991
Total capital debt 29,919,834 64,226,820 1,885,038 66,111,858
Invested in capital assets, net of related debt 37,298,229$ 249,352,083$ 1,456,844$ 250,808,927$
Business-Type
50
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51
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 8 – RISK MANAGEMENT
The County is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The County is with a guaranteed cost program with Berkley Mid Atlantic Group and VFIS. VFIS insures only Emergency Services for general liability and auto lines. Berkley Mid Atlantic Group insures County property under a blanket limit of $222,721,864. Replacement cost coverage is provided for any property losses. General Liability limits are $1,000,000 per occurrence and $2,000,000 aggregate. A $1,000,000 umbrella policy is also in place. Berkley Mid Atlantic Group covers the County for property, auto (excluding Emergency Services), general liability (excluding Emergency Services), inland marine, crime, employment practices liability, public officials liability, and law enforcement liability. Auto losses are paid under actual cash value (ACV). Crime coverage limit is $250,000. VFIS insures Emergency Services which includes EMS, Emergency Management, and Fire Marshall divisions. General Liability limits are $1,000,000 per occurrence and $3,000,000 aggregate. A $2,000,000 umbrella policy is also in place. Auto losses are paid under an agreed value plan. There have been no significant reductions in insurance coverages from previous years and settled claims have not exceeded coverage in any of the past three fiscal years. The County carries flood insurance through the National Flood Insurance Plan (NFIP). Because the County is in an area of the State that has been mapped and designated an “A” area (an area close to a river, lake, or stream) by the Federal Emergency Management Agency, the County is eligible to purchase coverage of $500,000 per structure through the NFIP. The County is also eligible to and has purchased commercial flood insurance for another $500,000 of coverage per structure.
In accordance with G.S. 159-29, the County’s employees that have access to $100 or more at any given time of the County’s funds are performance bonded through a commercial surety bond. The Director of Finance and the Tax Collector are individually bonded for $200,000. The Register of Deeds is bonded for $10,000. The remaining employees that have access to funds are bonded under a blanket bond for $250,000.
The County is self-insured for workers’ compensation up to $600,000 per loss. Excess coverage is through Safety National with limits in accordance with current North Carolina workers’ compensation statutes. Safety National also provides employers' liability with limits of $1,000,000.
The County uses a third party administrator to process workers’ compensation. At June 30, 2012, a liability for claims of $1,928,617 is included on the accompanying Statement of Net Assets for governmental activities. An analysis for the County is presented below:
2012 2011
Liability as of beginning of the year 1,758,347$ 2,520,627$
Current year claims and changes
in estimates 684,165 320,192
Actual claim payments (513,895) (1,082,472)
Liability as of end of the year 1,928,617$ 1,758,347$
June 30,
52
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 9 – CAPITAL LEASE OBLIGATIONS
The County has entered into agreements to lease certain equipment. At June 30, 2012, the original cost of equipment under these leases is approximately $975,230. Title passes to the County at the end of the
lease term. These agreements are in substance lease-purchases.
Original Interest Final
Issue Rate Maturity Governmental Business-Type
Capitalized Lease Obligations:
Ambulances 215,378$ 3.17% March 2014 80,525$ -$
"Firehouse" EMS Software 143,959 3.28% January 2013 18,317 -
Ambulances 213,908 2.80% March 2013 34,024 -
Musco Lighting System 72,500 4.24% July 2012 15,515 -
Sheriff's Dept Vehicle Lease 249,485 1.97% November 2014 208,916 -
EMS Conversion Van & Chassis 80,000 2.07% June 2015 80,000 -
Total 975,230$ 437,297$ -$
Amount Outstanding
The following is a schedule of minimum future payments required under capital lease obligations:
Year Ending Future Payments
2013 230,315$
2014 149,351
2015 70,804
Total minimum lease payments 450,470
Less amount representing interest (13,173)
Present value of the minimum lease payments 437,297$
At June 30, 2012, the net book value of capital assets (cost and accumulated depreciation) associated with leases is $ 576,435.
53
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 10 – LONG-TERM OBLIGATIONS
Installment purchases financed by the governmental funds are repaid from the resources of the General Fund. The installment purchases, general obligation bonds, state bonds, and revenue bonds issued to finance the construction of facilities utilized in the operations of the water and sewer system and which are being retired by resources from users are reported as long-term debt in the enterprise funds. All bonds are collateralized by the full faith credit and taxing power of the district in which the obligations originate. Principal and interest requirements are appropriated when due.
Date Issue Rate Maturity Governmental Business-Type
Installment Purchase Agreements:
Agriculture Center January 2005 2,845,000$ 3.39% June 2020 1,820,690$ -$ COPS 2003 (Refinanced 1994 COPS) July 2003 2%-5% October 2013
50% Southwest Regional
Construction of Waterlines 1,170,600 - 307,500
50% Water Plant 2,184,600 - 307,500 COPS 2011 Refunding (2002) 2.535%
97% Construction of School Facilities November 2011 24,033,690 December 2023 24,033,690 - 3% Public Utilities Projects 743,310 December 2023 - 743,310
COPS 2007 May 2007 4%-5% December 202753% Jail Facility 23,220,225 21,885,728 - 42% Construction of School Facilities 18,279,775 17,229,215 - 5% Solid Waste Transfer Station 2,000,000 - 1,885,058 Partial Refunding of COPS 2000 4,765,000 4,765,000 -
COPS 2009School Construction February 2009 35,075,000 3%-5% June 2029 32,075,000 -
2010 Refinancing November 2010 3.35% June 2028 COPS 2000 (Courthouse) 3,943,420 2,028,840 - COPS 2000 (School Construction) 2,855,580 1,469,160 - Angier Elementary School 14,004,000 12,527,000 - Qualified Zone Academy Bonds May 2004 4,000,000 0.00% May 2020 2,417,681 - Qualified Zone Academy Bonds October 2005 789,500 0.00% October 2021 546,266 - Harnett County Installment Purchase
Wellons Buyout December 1999 4,675,000 5.30% December 2014 - 935,000 Harnett County Installment Purchase
Davis Tract November 2005 1,500,000 3.54% October 2015 - 600,000 Harnett County Installment Purchase
Sanitary Sewer Hwy 87 June 2004 2,100,000 4.51% June 2019 - 980,000
148,184,700$ 120,798,270$ 5,758,368$
54
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 10 – LONG-TERM OBLIGATIONS (continued)
General Obligation Bonds:
All general obligation bonds issued by the County’s water and sewer districts are to fund the acquisition and construction of major capital facilities. The County entered into an agreement during the fiscal year 1998, with each existing District, that transferred all assets, liabilities (excluding bond indebtedness, loans, and installment notes) operational rights, and responsibilities to the County. As such, general obligation bonds are direct obligations and pledge full faith and credit of the District which the County has entered into a contractual agreement to pay.
Issue Original Interest Final
Date Issue Rate Maturity Governmental Business-Type
General Obligation Bonds:
South Central Refunding May 2004 2,625,000$ 2.5%-5.25% June 2028 -$ 1,540,224$
South Central Sanitary Sewer 2009 A June 2009 6,753,000 4.25% June 2049 - 6,677,000
South Central Sanitary Sewer 2009 B June 2009 3,000,000 4.38% June 2049 - 2,966,000
South Central BANS 2012 January 2012 13,211,000 1.00% October 2012 - 13,211,000
Bunnlevel/Riverside Refunding May 2004 170,000 2.5%-5.25% June 2028 - 99,776
West Central Refunding May 2004 2,305,000 2.5%-5.25% June 2028 - 1,710,000
Northwest Refunding May 2004 1,375,000 2.5%-5.25% June 2028 - 995,000
Northwest Phase II Water Bonds October 1997 995,000 5.30% June 2016 - 315,000
Southwest Refunding May 2004 3,790,000 2.5%-5.25% June 2028 - 2,685,000
Southeast Water Bonds December 1993 1,482,000 5.13% June 2033 - 1,090,000
East Central Water Bonds Series A October 1995 3,608,000 5.13% June 2035 - 2,823,000
East Central Water Bonds Series B October 1995 172,000 5.25% June 2035 - 137,000
Riverside Water Bonds Series A July 2001 940,000 4.76% June 2041 - 823,000
Riverside Water Bonds Series A July 2001 254,000 4.88% June 2041 - 225,000
Total 40,680,000$ -$ 35,297,000$
Amount Outstanding
55
HA
RN
ET
T C
OU
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Y,
NO
RT
H C
AR
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INA
NO
TE
S T
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L S
TA
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D J
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Reven
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Lo
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Issu
e
Ori
gin
al
Inte
rest
Fin
al
Date
Issu
eR
ate
Matu
rity
Go
vern
men
tal
Bu
sin
ess-T
ype
En
terp
rise S
yste
m R
even
ue
Bo
nd
Lo
an
s:
Serie
s 2007 A
(T
ax
Exe
mpt)
May
2007
13,2
35,0
00
$
4%
-5%
May
2028
-$
12,8
05,0
00
$
To
tal B
usi
ness
-Typ
e A
ctiv
itie
s R
eve
nue B
ond L
oans
13,2
35,0
00
$
-$
12,8
05,0
00
$
Sta
te B
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oa
ns:
Harn
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/Wake
Tra
nsm
issi
on L
ine
Marc
h 2
001
864,0
47
$
5.2
5%
May
2020
-$
345,6
18
$
Exp
ansi
on o
f W
ate
r T
reatm
ent
Pla
nt
June 1
996
3,0
00,0
00
5.8
5%
May
2016
-
600,0
00
Exp
ansi
on o
f W
ate
r T
reatm
ent
Pla
nt
June 1
997
3,0
00,0
00
3.2
2%
May
2017
-
750,0
00
South
west
Wate
r and S
ew
er
Dis
tric
tJu
ly 1
998
2,6
83,0
00
5.3
0%
Nove
mber
2011
-
706,0
53
South
west
Regio
nal I
IIM
arc
h 2
003
1,0
00,0
00
4.0
2%
May
2022
-
526,3
16
Erw
in W
W P
roje
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evo
lvin
g L
oan
Fe
bru
ary
2012
7,0
07,1
00
2.4
6%
May
2033
-
7,0
07,1
00
East
Centr
al P
roje
ct R
evo
lvin
g L
oan
Fe
bru
ary
2011
4,3
66,5
15
2.2
2%
May
2032
-
4,3
66,5
15
Harn
ett
County
Sanita
ry S
ew
er
Revo
lvin
g L
oan
Marc
h 2
005
15,0
00,0
00
2.2
1%
May
2027
-
11,2
50,0
00
To
tal B
usi
ness
-Typ
e A
ctiv
itie
s S
tate
Bond L
oans
36,9
20,6
62
$
-$
25,5
51,6
02
$
Am
ou
nt
Ou
tsta
nd
ing
56
HA
RN
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T C
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NO
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H C
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NO
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BA
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L S
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S
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AR
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D J
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NO
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10
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(c
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The f
ollo
win
g is a
sum
mary
of
changes in lon
g-t
erm
oblig
ations f
or
the y
ear
en
ded
June 3
0, 2
012
:
Du
e i
n L
ess
Ju
ly 1
, 2011
Ad
dit
ion
sD
ecre
ases
Ju
ne 3
0,
2012
Th
an
On
e Y
ear
Go
vern
men
tal
Acti
vit
ies:
Capita
lized le
ase
s299,7
73
$
329,4
85
$
191,9
61
$
437,2
97
$
221,7
86
$
Inst
allm
ent
purc
hase
agre
em
ents
126,2
24,4
56
24,0
33,6
90
29,4
59,8
77
120,7
98,2
70
6,2
02,2
28
Pre
miu
m2,5
04,5
25
-
247,2
95
2,2
57,2
30
247,2
95
Gro
ss d
ebt
129,0
28,7
54
24,3
63,1
75
29,8
99,1
33
123,4
92,7
96
6,6
71,3
08
Less
: L
oss
on d
efe
asa
nce
(420,6
90)
-
(185,9
20)
(2
34,7
70)
(185,9
20)
Tota
l debt
128,6
08,0
64
24,3
63,1
75
29,7
13,2
13
123,2
58,0
26
6,4
85,3
88
Oth
er
long-t
erm
liabili
ties:
Com
pensa
ted a
bse
nce
s2,4
30,7
86
1,8
03,6
54
1,8
15,2
30
2,4
19,2
10
1,8
15,2
30
Law
Enfo
rcem
ent
Off
icers
'
Speci
al S
epara
tion A
llow
ance
547,9
99
69,2
51
-
617,2
50
-
Oth
er
post
-em
plo
yment
benefit
s4,0
01,2
86
1,5
95,4
28
432,4
15
5,1
64,2
99
-
Tota
l135,5
88,1
35
$
27,8
31,5
08
$
31,9
60,8
59
$
131,4
58,7
84
$
8,3
00,6
18
$
Bu
sin
ess-T
yp
e A
cti
vit
ies:
Inst
allm
ent
purc
hase
agre
em
ents
6,8
58,8
51
$
743,3
10
$
1,8
43,7
93
$
5,7
58,3
68
$
1,0
02,3
54
$
Pre
miu
m638,9
78
51,1
29
99,5
98
590,5
09
48,4
69
Genera
l oblig
atio
ns
23,0
13,0
00
13,2
11,0
00
927,0
00
35,2
97,0
00
14,0
54,0
00
Reve
nue b
onds
13,3
50,0
00
-
545,0
00
12,8
05,0
00
565,0
00
Sta
te b
ond lo
ans
18,8
19,2
80
8,0
19,3
66
1,2
87,0
44
25,5
51,6
02
1,5
18,1
03
Gro
ss d
ebt
62,6
80,1
09
22,0
24,8
05
4,7
02,4
35
80,0
02,4
79
17,1
87,9
26
Less
: L
oss
on d
efe
asa
nce
(314,1
23)
-
509
(3
14,6
30)
509
Tota
l debt
62,3
65,9
86
22,0
24,8
05
4,7
02,9
44
79,6
87,8
49
17,1
88,4
35
Oth
er
long-t
erm
liabili
ties:
Acc
rued la
ndfil
l clo
sure
and p
ost
-clo
sure
care
cost
s1,8
08,7
07
-
237,8
61
1,5
70,8
45
200,0
00
Com
pensa
ted a
bse
nce
s563,1
37
494,3
60
468,2
04
589,2
93
468,2
04
Oth
er
post
-em
plo
yment
benefit
s628,7
94
221,2
16
30,6
80
819,3
31
-
Tota
l 65,3
66,6
24
$
715,5
76
$
5,4
39,6
89
$
82,6
67,3
17
$
17,8
56,6
39
$
57
HA
RN
ET
T C
OU
NT
Y,
NO
RT
H C
AR
OL
INA
NO
TE
S T
O T
HE
BA
SIC
FIN
AN
CIA
L S
TA
TE
ME
NT
S
YE
AR
EN
DE
D J
UN
E 3
0, 2
012
NO
TE
10
– L
ON
G-T
ER
M O
BL
IGA
TIO
NS
(c
on
tin
ue
d)
Pri
ncip
al
Inte
rest
Pri
ncip
al
Inte
rest
Pri
ncip
al
Inte
rest
Pri
ncip
al
Inte
rest
Pri
ncip
al
Inte
rest
Pri
ncip
al
Inte
rest
Go
vern
men
tal A
cti
vit
ies:
2013
6,2
02,2
28
$
4,5
74,0
67
$
-$
-$
221,7
86
$
8,5
29
$
-$
-$
-$
-$
6,4
24,0
13.4
3$
4,5
82,5
96.6
8$
2014
7,9
86,2
62
4,3
84,1
58
-
-
145,6
90
3,6
61
-
-
-
-
8,1
31,9
52
4,3
87,8
19
2015
8,4
06,9
73
4,1
19,9
68
-
-
69,8
21
983
-
-
-
-
8,4
76,7
95
4,1
20,9
51
2016
8,9
20,7
26
3,7
89,7
88
-
-
-
-
-
-
-
-
8,9
20,7
26
3,7
89,7
88
2017-2
021
42,3
27,1
00
14,2
86,3
78
-
-
-
-
-
-
-
-
42,3
27,1
00
14,2
86,3
78
2022-2
026
33,6
91,2
33
6,9
57,6
32
-
-
-
-
-
-
-
-
33,6
91,2
33
6,9
57,6
32
2027-2
031
13,2
63,7
47
991,1
08
-
-
-
-
-
-
-
-
13,2
63,7
47
991,1
08
Tota
l gove
rnm
enta
l act
iviti
es
120,7
98,2
69
39,1
03,0
99
-
-
437,2
97
13,1
73
-
-
-
-
121,2
35,5
66
39,1
16,2
73
Bu
sin
ess-T
ype A
cti
vit
ies:
2013
1,0
02,3
54
226,3
78
14,0
54,0
00
1,1
29,5
38
-
-
565,0
00
591,4
38
1,5
18,1
03
532,5
00
17,1
39,4
57
2,4
79,8
53
2014
1,0
56,3
19
183,9
78
705,0
00
996,1
91
-
-
590,0
00
568,8
38
1,8
55,7
25
640,4
23
4,2
07,0
45
2,3
89,4
29
2015
771,6
08
144,9
03
717,5
00
964,7
21
-
-
615,0
00
545,2
38
1,8
55,7
25
536,1
37
3,9
59,8
34
2,1
90,9
98
2016
483,1
90
117,7
40
744,5
00
932,2
91
-
-
635,0
00
520,6
38
1,8
55,7
25
483,2
14
3,7
18,4
15
2,0
53,8
82
2017-2
021
1,3
79,4
62
364,1
18
3,7
55,0
00
4,1
23,3
08
-
-
3,6
50,0
00
2,1
36,7
63
7,3
20,5
82
1,8
03,2
20
16,1
05,0
43
8,4
27,4
08
2022-2
026
811,1
82
148,0
06
4,3
64,0
00
3,1
31,6
75
-
-
4,5
80,0
00
1,2
11,4
38
6,6
46,0
35
981,0
34
16,4
01,2
17
5,4
72,1
53
2027-2
031
254,2
53
12,7
13
3,3
35,0
00
2,0
89,2
18
-
-
2,1
70,0
00
147,9
75
3,5
93,4
04
328,5
05
9,3
52,6
57
2,5
78,4
11
2032-2
036
-
-
2,3
21,0
00
1,4
45,5
59
-
-
-
-
906,3
03
30,6
51
3,2
27,3
03
1,4
76,2
09
2037-2
041
-
-
1,9
77,0
00
977,3
03
-
-
-
-
-
-
1,9
77,0
00
977,3
03
2042-2
046
-
-
2,0
80,0
00
540,2
53
-
-
-
-
-
-
2,0
80,0
00
540,2
53
2047-2
051
-
-
1,2
44,0
00
103,2
78
-
-
-
-
-
-
1,2
44,0
00
103,2
78
Tota
l busi
ness
-typ
e a
ctiv
ities
5,7
58,3
67
1,1
97,8
36
35,2
97,0
00
16,4
33,3
33
-
-
12,8
05,0
00
5,7
22,3
25
25,5
51,6
02
5,3
35,6
82
79,4
11,9
69
28,6
89,1
76
126,5
56,6
37
$
40,3
00,9
36
$
35,2
97,0
00
$
16,4
33,3
33
$
437,2
97
$
13,1
73
$
12,8
05,0
00
$
5,7
22,3
25
$
25,5
51,6
02
$
5,3
35,6
82
$
200,6
47,5
35
$
67,8
05,4
48
$
To
tal D
eb
t D
ue
Insta
llm
en
t P
urc
hase
Gen
era
l O
blig
ati
on
Bo
nd
sC
ap
italize
d L
eases
Reven
ue B
on
ds
Sta
te B
on
d L
oan
58
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 10 – LONG-TERM OBLIGATIONS (continued)
At June 30, 2012, Harnett County had bonds authorized but unissued in the amount of $22,494,000 for the South Central Water and Sewer District. The County is subject to the Local Government Bond Act of North Carolina, which limits the amount of net bonded debt the County may have outstanding to eight percent of the appraised value of property subject to taxation. At June 30, 2012, such statutory limit for the County was $ 574,421,868 providing a legal debt margin of approximately $421,876,331. As of June 30, 2012 the County was in compliance with covenants associated with its debt. Compensated absences, net pension obligation, and OPEB liability typically have been liquidated in the General Fund. Compensated absences are accounted for on a last in, first out basis, assuming that employees are taking leave time as it is earned. In prior years, the County has defeased various bond issues by creating separate irrevocable trust funds. New debt has been issued and the proceeds have been used to purchase U.S. government securities that were placed in the trust funds. The investments and related fixed earnings are sufficient to fully service the defeased debt until the debt is called or matures. For financial reporting purposes, the debt has been considered defeased and, therefore, removed from the County’s liabilities. As of June 30, 2012, the amount of prior year defeased debt outstanding and removed from the County’s liabilities amounted to $30,855,000. On November 15, 2011, the County entered into an installment financing contract in the amount of $24,777,000 to provide resources to purchase U.S. Government securities that were placed in an irrevocable trust for the purpose of refunding the Certificate of Participation, Series 2002. The investments and related fixed earnings are sufficient to fully service the defeased debt until the debt is called or matures. For financial reporting purposes, the debt has been considered defeased and, therefore, removed from the County's liabilities. Gains and losses from debt refundings must be deferred and amortized over the lesser of the original remaining life of the old debt or the life of the new debt. In addition, gains or losses related to the debt refundings are to be used in determining the carrying value of the new debt issued to finance debt refundings. The carrying value of the certificates of participation and general obligation bonds have been adjusted for the loss from defeasance (net of amortization) of $748,591 and $247,295, respectively. The County has pledged future water and sewer customer revenues, net of specified operating expenses, to repay $15,310,000 in enterprise system revenue bonds issued on May 23, 2007. Proceeds from the bonds provided financing for extensions, additions and capital improvements to, or the renewal and replacement of capital assets of, or purchasing and installing new equipment for, the enterprise systems. The bonds are payable only from water and sewer customer net revenues and are payable through 2028. The total principal and interest remaining to be paid on the bonds is $18,527,325. Principal and interest paid for the current year and total customer revenues were $1,038,638 and $26,785,775, respectively.
59
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 10 – LONG-TERM OBLIGATIONS (continued)
Revenue Bonds The County issues bonds where it pledges income derived from the acquired or constructed assets to pay debt service. The revenue bonds outstanding are being retired by the resources of the Water and Sewer Fund. Revenue bonds outstanding at year-end are as follows:
$13,235,000 Public Utilities Revenue Bonds, Series 2007A (Tax Exempt),
interest only payments of $304,319 due semi-annually until May 2012,
followed by semi-annual payments of principal and interest due in
amounts ranging from $23,744 to $1,133,744 through May 2028, interest
rate varying between 4.00% and 5.00% 12,805,000$
Total 12,805,000$
Annual debt service requirements to maturity for business-type revenue bonds are as follows:
Year Ending
June 30 Principal Interest Total
2013 565,000$ 591,438$ 1,156,438$
2014 590,000 568,838 1,158,838
2015 615,000 545,238 1,160,238
2016 635,000 520,638 1,155,638
2017-2021 3,650,000 2,136,763 5,786,763
2022-2026 4,580,000 1,211,438 5,791,438
2027-2031 2,170,000 147,975 2,317,975
Total 12,805,000$ 5,722,325$ 18,527,325$
The County has been in compliance with the covenants as to rates, fees, rentals, and charges in Section 6.6 of the Bond Order, authorizing the issuance of the Water and Sewer Revenue Bonds, Series 2007A (Tax Exempt), 2007B (Taxable) since their adoption. Section 6.6 of the Bond Order requires that rates and charges will produce (a) Revenues which together with 20% of the balance in the Surplus Account at the end of the preceding Fiscal Year at least equal in such Fiscal Year to the total of (i) the Operating Expenses budgeted for such Fiscal Year, as may be amended from time to time, plus (ii) 120% of the Principal and Interest Requirements on the Bonds to become due during that Fiscal Year plus (iii) 100% of the Principal and Interest Requirements on General Obligation Indebtedness and Subordinate Indebtedness to become due in such Fiscal Year plus (iv) 100% of the Principal and Interest on Other Indebtedness to become due in such Fiscal Year plus (v) 100% of the amount required to reimburse the provider of a Qualified Reserve Fund Substitute for any amounts owing hereunder and (b) Revenues at least equal in such Fiscal Year to the total of (i) the Operating Expenses budgeted for such Fiscal Year, as may be amended from time to time, plus (ii) 100% of the Principal and Interest Requirements on the Bonds to become due during that Fiscal Year plus (iii) 100% of the Principal and Interest Requirements on
60
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 10 – LONG-TERM OBLIGATIONS (continued)
General Obligation Indebtedness and Subordinate Indebtedness to become due in such Fiscal Year plus (iv) 100% of the Principal and Interest Requirements on Other Indebtedness to become due in such Fiscal Year plus (v) 100% of the amount required to reimburse the provider of a Qualified Reserve Fund Substitute for any amounts owing hereunder. The debt service coverage calculation for the year ended June 30, 2012 is as follows:
Operating revenues 30,130,929$
Operations and maintenance expenses (13,615,380)
Operating income before depreciation & amortization 16,515,549
Less:
Depreciation and amortization expense (5,248,377)
Operating income 11,267,172
Non-operating revenues 6,146
Non-operating expenses (4,583,046)
Net income 6,690,272$
Determination of income available for debt service
Net income 6,690,272$
Adjustments:
Depreciation and amortization (5,248,377)
Bond interest expense 4,583,046
Bond service expense 4,702,944
Income available for debt service 10,727,885
20% of unrestricted net assets 4,001,515
Income available for debt service plus
20% of unrestricted net assets 14,729,400$
61
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 10 – LONG-TERM OBLIGATIONS (continued)
Debt Service Requirements and Coverage
Parity debt service:
Revenue bonds 1,156,438$
Debt service coverage - Parity indebtedness 12.737
Revenue bond covenant requirement 1.200
Other indebtedness:
Installment purchases 1,228,732$
State bond loans 2,050,603
Sum of parity and GO debt service 4,435,773$
Debt service coverage - Sum of parity and
system GO indebtedness 2.418
Revenue bond covenant requirement 1.000
NOTE 11 – PENSION PLAN OBLIGATIONS
A. Multiple-Employer Plans Plan Description
Local Governmental Employees’ Retirement System All regular full-time employees participate in the statewide Local Governmental Employee’s Retirement System (the “System”), a multiple-employer, cost-sharing, defined benefit pension plan administered by the State of North Carolina. The System provides retirement and disability benefits to plan members and beneficiaries. Article 3 of G.S. Chapter 128 assigns the authority to establish and amend benefit provisions to the NC General Assembly. The System is included in the Comprehensive Annual Financial Report (“CAFR”) for the State of North Carolina. The State’s CAFR includes financial statements and required supplementary information for LGERS. That report may be obtained by writing to the Office of State Controller, 1410 Mail Service Center, Raleigh, NC 27699-1410, or by calling (919) 981-5454.
62
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 11 – PENSION PLAN OBLIGATIONS (continued)
B. Single-Employer Plan Law Enforcement Officers’ Special Separation Allowance 1. Plan Description The County administers a public employee retirement system (the “Separation Allowance”), a single-employer; defined benefit pension plan that provides retirement benefits to the County’s qualified sworn law enforcement officers. The Separation Allowance is equal to .85% of the annual equivalent of the base rate of compensation most recently applicable to the officer for each year of credible service. The retirement benefits are not subject to any increase in salary or retirement allowances that may be authorized by the General Assembly. Article 12D of G.S. Chapter 143 assigns the authority to establish and amend benefit provisions to the North Carolina General Assembly. All full-time County law enforcement officers are covered by the Separation Allowance. At December 31, 2011, the Separation Allowance’s membership consisted of:
Retirees receiving benefits 6 Terminated plan members entitledto, but not yet receiving, benefits - Active plan members 111
Total 117
A separate report was not issued for the plan.
2. Summary of Significant Accounting Policies
Basis of Accounting The County has chosen to fund the Separation Allowance on a “pay-as-you-go” basis. Pension expenditures are made from the General Fund, which is maintained on the modified accrual basis of accounting. Method Used to Value Investments No funds are set aside to pay benefits and administrative costs. These expenditures are paid as they come due. 3. Contributions The County is required by Article 12D of G.S. Chapter 143 to provide these retirement benefits and has chosen to fund the benefit payments on a pay-as-you-go basis through appropriations made in the General Fund operating budget. The County’s obligation to contribute to this plan is established and may be amended by the North Carolina General Assembly. There were no contributions made by employees.
63
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 11 – PENSION PLAN OBLIGATIONS (continued)
The annual required contribution for the fiscal year ended June 30, 2012 was determined as part of the December 31, 2010 actuarial valuation using the projected unit credit actuarial cost method. The actuarial assumptions included (a) 5.00% investment rate of return (net of administrative expenses) and (b) projected salary increases of 4.25% to 7.85% per year. The inflation component was 3.00%. The assumptions do not include post-retirement benefit increases. The actuarial value of assets was market value. The unfunded actuarial accrued liability is being amortized as a level of percentage of pay on a closed basis. The remaining amortization period at December 31, 2010 was 20 years.
Annual Pension Cost and Net Pension Obligation The County’s annual pension cost and net pension obligation to the Separation Allowance for the current year were as follows:
Employer annual required contribution 162,421$
Interest on net pension obligation 27,400
Adjustment to annual required contribution (32,691)
Annual pension cost 157,130
Contributions made 87,879
Increase in net pension obligation 69,251
Net pension obligation:
Beginning of year - July 1 547,999
End of year - June 30 617,250$
Annual Percentage Net Pension
Year Ended Pension of APC Obligation
June 30 Cost (APC) Contributed End of Year
6/30/2010 123,737$ 70.74% 478,168$
6/30/2011 157,710 55.72% 547,999
6/30/2012 157,130 55.93% 617,250
Three-Year Trend Information
4. Funded Status and Funding Progress
As of December 31, 2011, the most recent actuarial valuation date, the plan was not funded. The actuarial accrued liability for benefits and the unfunded actuarial accrued liability (UAAL) was $1,376,768. The covered payroll (annual payroll of active employees covered by the plan) was $4,770,805 and the ratio of the UAAL to the covered payroll was 28.86%. The Schedule of Funding Progress, presented as required supplementary information following the notes to the financial statements, presents multi-year trend information about whether the actuarial value of plan assets are increasing or decreasing over time relative to the actuarial accrued liability for benefit.
64
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 11 – PENSION PLAN OBLIGATIONS (continued)
C. Supplemental Retirement Income Plan for Law Enforcement Officers Plan Description The County contributes to the Supplemental Retirement Income Plan (“The Plan”), a defined contribution pension plan administered by the Department of State Treasurer and a Board of Trustees. The Plan provides retirement benefits to law enforcement officers employed by the County. Article 5 of G.S. Chapter 135 assigns the authority to establish and amend benefit provisions to the North Carolina General Assembly. The Supplemental Retirement Income Plan for Law Enforcement Officers is included in the Comprehensive Annual Financial Report (CAFR) for the State of North Carolina. The State’s CAFR includes pension trust fund financial statements for the Internal Revenue Code Section 401 (k) plan that includes the Supplemental Retirement Income Plan for Law Enforcement Officers. That report may be obtained by writing to the Office of the State Controller, 1410 Mail Service Center, Raleigh, North Carolina 27699-1410, or by calling (919) 981-5454.
Funding Policy
Article 12E of G.S. Chapter 143 requires the County to contribute each month, an amount equal to 5% of each officer’s salary, and all amounts contributed are vested immediately. Also, the law enforcement officers may make voluntary contributions to the plan. Contributions for the year ended June 30, 2012 were $330,211 which consisted of $ 236,363 from the County and $93,848 from the law enforcement officers.
D. Supplemental Retirement Income Plan
Plan Description The County administers a supplemental retirement benefit plan for all of its full-time employees that are not involved with law enforcement, through a defined contribution plan. In a defined contribution plan, benefits depend solely on amounts contributed to the plan plus investment earnings. The County does not match the employee’s contribution. All contributed amounts plus investment earnings allocated to the employee’s accounts are fully vested immediately. The County established the plan and may amend it at its discretion. Total voluntary contributions by covered employees were $ 688,766.
Funding Policy
On a monthly basis, the County remits to the department of State Treasurer, an amount equal to one and one-half percent (1.5%) of the monthly receipts collected pursuant to Article 3 of G.S. 161. Immediately following January 1 of each year, the Department of State Treasurer divides ninety-three percent (93%) of the amount in the Fund at the end of the preceding calendar year into equal shares to be disbursed as monthly benefits. The remaining seven percent (7%) of the Fund’s assets may be used by the State Treasurer in administering the Fund. For the fiscal year ended June 30, 2012, the County’s required and actual contributions were $10,899.
65
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 11 – PENSION PLAN OBLIGATIONS (continued)
E. Other Post-Employment Benefits Plan Description At retirement all employees have the option to purchase basic medical insurance at the County’s group rate. Under the terms of a County resolution, the County administers a single-employer defined benefit Health Care Benefits (HCB) Plan. This plan provides post-employment healthcare benefits to retirees of the County, provided they participate in the North Carolina Local Governmental Employees Retirement System, have at least fifteen years of creditable service with the County, and are actively employed with the County at the time of retirement. The County is fully insured for Health Insurance through Blue Cross Blue Shield. The entire cost for individual only coverage is paid by the County for those employees, until age 65, who retire with 30 years of service. Those employees who retire with less than 30 years of service with the County receive benefits on a prorated basis. A separate report is not issued for the plan. Membership of the HCB Plan consisted of the following as December 31, 2010 the date of the latest actuarial valuation:
Retirees Members 96 General Employees 738 Law Enforcement Members 112
Total 946
Funding Policy Currently, the County pays the individual portion of the Health Care Benefits Plan on active employees. Retirees not eligible for Medicare are enrolled in the same plan as active County employees. Retirees may be eligible to participate in the County’s Group Health Plan until they reach age 65 or become Medicare eligible. At age 65, or Medicare eligible, retirees may then receive reimbursement up to the $200 monthly maximum for their individual Medicare Supplement. The Board of Commissioners has established the contribution requirements of the plan and may amend the plan. The County has chosen to fund the healthcare benefits on a pay-as-you-go basis. For the fiscal year ended June 30, 2012, the County made payments for post-retirement health benefit premiums of $537,082. The current annual required contribution (ARC) rate is 5.72% of annual covered payroll. Summary of Significant Accounting Policies Post-employment expenditures are made from the operating budget which is maintained on the modified accrual basis of accounting. These expenditures are paid as they come due. Annual OPEB Cost and Net OPEB Obligation - The County’s annual OPEB cost (expense) is calculated based on the annual required contribution of the employer (ARC), an amount actuarially determined in the accordance with the parameters of GASB Statement 45. The ARC represents a level of funding that, if paid on an ongoing basis is projected to cover normal cost each year and amortize any unfunded actuarial liabilities or funding excess over a period not to exceed thirty years.
66
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 11 – PENSION PLAN OBLIGATIONS (continued)
The following table shows the components of the County’s annual OPEB cost for the year, the amount actually contributed to the plan, and changes in the County’s net OPEB obligation for the healthcare benefits:
Annual required contribution 1,932,968$ Interest on net pension obligation 183,183
Adjustment to annual required contribution (174,996)
Annual OPEB cost 1,941,155
Contributions made 537,082
Increase in net OPEB obligation 1,404,073
Net OPEB obligation, beginning of year 4,579,557
Net OPEB obligation, end of year 5,983,630$
The County’s annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the net OPEB obligation for 2012:
Annual Percentage of NetFor Year Ended OPEB Annual OPEB Pension
June 30 Cost Cost Contributed Obligation
2009 1,756,329$ 10.14% 1,578,274$ 2010 1,872,656 17.00% 3,130,647 2011 1,948,477 25.60% 4,579,557 2012 1,941,155 27.67% 5,983,630
Funding Status and Funding Progress As of December 31, 2010, the most recent actuarial valuation date, the plan was not funded. The actuarial accrued liability for benefits and, thus, the unfunded actuarial accrued liability (UAAL) was $19,467,163. The covered payroll (annual payroll of active employees covered by the plan) was $33,178,627 and the ratio of the UAAL to the covered payroll was 58.70%. Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Examples include assumptions about the future employment, mortality, and healthcare trends. Amounts determined regarding the funded status of the plan and the annual required contributions of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The Schedule of Funding Progress, presented as required supplementary information following the notes to the financial statements, presents multi-year trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits.
67
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 11 – PENSION PLAN OBLIGATIONS (continued)
Actuarial Methods and Assumptions - Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and the plan members) and include the type of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members at that point. Costs were determined using the Projected Unit Credit Actuarial Cost Method. The annual service cost is the present value of the portion of the projected benefit attributable to participation service during the upcoming year, and the accumulated postretirement benefit obligation (APBO) is equal to the present value of the portion The actuarial methods and assumptions used include techniques that are designed to reduce the effects of the short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations. In the December 31, 2010 actuarial valuation, the projected unit credit actuarial cost method was used. The actuarial assumptions included a 4.00% investment rate of return (net of administrative expenses), which is the expected long-term investment returns on the employer’s own investments calculated based on the funded level of the plan at the valuation date, and an annual medical cost trend increase of 10.50% - 5.00% annually. Both rates included a 3.00% inflation assumption. The actuarial value of the assets, if any, was determined using techniques that spread the effects of short term volatility in the market value of investments over a 5-year period. The UAAL is amortized as level percentage of projected payroll on an open basis. The remaining amortization period at December 31, 2010 was 30 years.
F. Other Employment Benefits The County has elected to provide death benefits to employees through the Death Benefit Plan for members of the Local Governmental Employees’ Retirement System (Death Benefit Plan), a multiple-employer, State-administered, cost-sharing plan funded on a one-year term cost basis. The beneficiaries of those employees who die in active service after one year of contributing membership in the System, or who die within 180 days after retirement or termination of service and have at least one year of contributing membership service in the System at the time of death are eligible for death benefits. The employee’s beneficiary will receive a lump sum payment equal to the employee’s highest twelve (12) months’ consecutive salary during the preceding twenty-four (24) months, but no less than $25,000 and not to exceed $50,000. All death benefit payments are made from the Death Benefit Plan. The County has no Liability beyond the payment of monthly contributions. Contributions are determined as a percentage of monthly payroll, based upon rates established annually by the State. Separate rates are set for employees not engaged in law enforcement and for law enforcement officers. Because the benefit payments are made by the Death Benefit Plan and not by the County, the County does not determine the number of eligible participants. For the fiscal year ended June 30, 2012, the County made contributions to the State for death benefits of $33,986. The County’s required contributions for employees not engaged in law enforcement and for law enforcement officers represented .08% and .14% of covered payroll, respectively. The contributions to the Death Benefit Plan cannot be separated between the post-employment benefit amount and the other benefit amount.
68
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 12 – CLOSURE AND POSTCLOSURE CARE COSTS - DUNN-ERWIN SOLID WASTE LANDFILL
State and federal laws and regulations require the County to close, or in other words, place a final protective containment cover on each phase of the landfill at both the Dunn-Erwin Solid Waste Facility and the Anderson Creek Solid Waste Facility when each phase of the landfills stop accepting waste and to perform certain maintenance and monitoring functions at the site for 30 years after closure. Although a majority of closure costs will be paid near or after the date that the landfill stops accepting waste, the County reports a portion of these closure and post-closure care costs as an operating expense in each period based on landfill capacity used and phases that have been closed as of each financial statement date. Post-closure care costs begin immediately upon each phase closure and per State and Federal regulations; post-closure care must be maintained for a minimum of a 30-year timeframe after closure. Expenditures of $237,861 have been applied to the liability during the current fiscal year. The $1,570,845 post-closure care liability at June 30, 2012 represents a cumulative amount reported to date based on the use of 100% of the total estimated capacity of the landfill. The County closed the Municipal Solid Waste (MSW) cell at Dunn-Erwin Solid Waste Landfill on January 1, 1998, with other phases being closed previous to that date at both Dunn-Erwin and the Anderson Creek Solid Waste Facilities. These amounts are based on what it would cost to perform all closure and post-closure care in 2012. Actual costs may be higher due to inflation, changes in technology, changes in regulations, or changes in landfill capacity.
NOTE 13 – COMMITMENTS AND CONTINGENCIES
Commitments The County had Commitments under uncompleted construction contracts in the Enterprise Fund totaling $34,407,805 and in the Governmental Funds totaling $2,147,463 at June 30, 2012.
Arbitrage The arbitrage rebate payments are due on the fifth anniversary of the bond issue date. It is management’s belief that the County’s future rebate liability, if any, will be immaterial and, therefore, no liability has been recorded. The County reviews its potential liability for the penalty annually. It is management’s belief that no additional arbitrage rebate will be payable.
Claims and Judgments At June 30, 2012, the County was a defendant in various lawsuits. In the opinion of the County’s management and the County attorney, the ultimate outcome of these legal matters will not have a material adverse effect on the County’s financial position. Federal and State-Assisted Programs The County has received proceeds from several federal and State awards. Periodic audits of these awards are required and certain costs may be questioned as not being appropriate expenditures under the award agreements. Such audits could result in the refund of award monies to the grantor agencies. Management believes that any required refunds will be immaterial. No provision has been made in the accompanying financial statements for the refund of award monies.
69
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 14 – INTERFUND BALANCES AND ACTIVITIES
Transfers in (out) for the year ended June 30, 2012 are summarized below:
From the General Fund to the Solid Waste Fund to fund engineering fees 8,360$
From the General Fund to the Airport Capital Projects for the County's contribution to the project 36,667
From the General Fund to the ARRA Fund to supplement other funding sources 135
From the General Fund to the Brightwater Project for the County's contribution to the project 85,616
From the General Fund to the Concealed Weapon Fund for fees deposited in prior years in error 5,174
Total transfers out from the General Fund 135,952
From the COPS 2009 Capital Projects to the General Fund to cover debt payments 3,195,226
From the Law Enforcement Expansion and Barbecue Creek Parks Projects to the
General Fund for residual equity transfer 82,972
From the Floodplain Mapping Fund to the General Fund. These funds are no longer
required to be kept in a separate fund. 12,720.00
From the Emergency Response Planning Fund to the General Fund to supplement other
funding sources 25,000
Total transfers out from Nonmajor Governmental Funds 3,315,918
From the Public Utilities Fund to the Water & Sewer District Funds to
cover debt service (Northeast Metro, Buies Creek/Coats, South Central
West Central, Northwest, Southwest, Bunnlevel/Riverside, Southeast,
East Central, and Riverside Water & Sewer Districts) 2,529,657
From Public Utilities to the General Fund for economic development and for professional
services. 406,000
From the Public Utilities Fund to the Northeast Wastewater Expansion Project Fund
for project costs. 1,121,032
From the Public Utilities Fund to the South Central Wastewater Project Fund for
project costs. 813,490
From the Public Utilities Projects to the Public Utilities Fund for residual equity. 34,127
From the Public Utilities Fund to the Wastewater Masterplan Project Fund for
project costs. 40,709
Total transfers out from the Enterprise Funds 4,945,015
Total 8,396,885$
Transfers between the major funds and other nonmajor governmental were primarily to support the capital projects, the debt service within the districts and the operations of the funds.
70
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 14 – INTERFUND BALANCES AND ACTIVITIES (continued)
Interfund balances at June 30, 2012, consist of the following:
Due to the General Fund from:
Nonmajor Governmental Funds:
Scattered Site Housing 2011 Capital Project to supplement other funding
sources 363$
Airport SWPP/SPCC Capital Project to supplement other funding sources 4,000
Single Family SFR Housing Capital Project to supplement other funding sources 22,740
Public Utilities to prepay group health insurance 156,000
Solid Waste to prepay group health insurance 5,000
Total due to the General Fund 188,103
Due to the Emergency Response Planning Fund from the WIA
Youth Program Fund and the AMPI Unrecoverable Cost Fund
for deficit cash 50,600
Due to the Law Enforcement Expansion Capital Project from:
General Fund for the payment of debt service 429,645
Total due to a nonmajor Governmental Fund 429,645
Due to the Public Utilities Enterprise from:
Water Plant Expansion Project 1,308,258
Brightwater Project 234,000
South Central Wastewater 1B-1 Project 1,243,000
South Central Wastewater 1B-2 Project 1,005,000
South Central Wastewater 1C-1 Project 292,000
South Central Wastewater 1C-2 Project 243,695
Total due to the Public Utilities Enterprise Fund 4,325,953
Total all funds 4,994,301$
The balances above are advances from the General and Public Utilities Fund. Grant funds have been requested to repay the General Fund. Capital project advances will be repaid from grant and project revenues. Advances to enterprise funds will be repaid from receipts.
71
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 15 – JOINT VENTURES
The County, in conjunction with seven other counties, participates in the Sandhills Center for Mental Health, Developmental Disabilities & Substance Abuse Services, an Area Authority/Local Management Entity. Harnett County appoints four members to the 26-member Board. The Authority is a joint venture established to provide the participating counties with legally mandated mental health services. The County has an ongoing financial responsibility for the Authority because the Authority’s continued existence depends on the participating governments’ continued funding. The County contributed $ 199,679 to the Authority during the fiscal year ended June 30, 2012. Neither of the participating governments has any equity interest in the Authority, so no equity interest has been reflected in the financial statements at June 30, 2012. Complete financial statements for the Sandhills Center can be obtained from their administrative office at 1120 Seven Lakes Drive or P.O. Box 9, West End, North Carolina 27376. The County, in conjunction with the State of North Carolina, Lee County, Chatham County, and the Lee County Board of Education, participates in a joint venture to operate Central Carolina Community College. The County appoints two members of the 17-member Board of Trustees of the community college. The president of the community college’s student government association serves as a non-voting, ex-officio member of the Board of Trustees. The County has the basic responsibility for providing funding for the Harnett County facilities of the community college and also provides some financial support for the community college’s operations. The County has an ongoing financial responsibility for the community college because of the statutory responsibilities to provide funding for the community college’s Harnett County facilities. The County contributed $682,071 to the community college for operating purposes during the fiscal year ended June 30, 2012. The participating governments do not have any equity interest in the joint venture; therefore, no equity interest has been reflected in the County’s financial statements at June 30, 2012. Complete financial statements for the community college may be obtained from the community college’s administrative offices at 1105 Kelly Drive, Sanford, North Carolina 27330. The County, in conjunction with the City of Dunn and the Dunn Area Chamber of Commerce, participates in the Averasboro Township Tourism Development Authority. The Authority is a joint venture established to receive the net proceeds of the room occupancy and tourism development tax levied in Averasboro Township in Harnett County. The Authority may spend these proceeds to develop, promote, and advertise travel and tourism in Averasboro Township, to sponsor tourist-oriented events and activities for Averasboro Township, to operate and maintain museums and historic sites throughout Averasboro Township, and to purchase, operate, and maintain a convention facility for Averasboro Township. The County appoints two members to the seven-member Board. The County has an ongoing financial responsibility for the Authority because the Authority’s continued existence depends on the participating governments’ continued funding. The County remitted $420,565 to the Authority during the fiscal year ended June 30, 2012. Neither of the participants has any equity interest in the Authority, so no equity interest has been reflected in the financial statements at June 30, 2012. Complete financial statements for the Authority can be obtained from the Dunn Area Chamber of Commerce at 209 West Divine Street, Post Office Box 548, and Dunn, North Carolina 28335.
NOTE 16 – JOINTLY GOVERNED ORGANIZATION
The County, in conjunction with two other counties and twenty municipalities, established the Mid-Carolina Council of Governments (Council). The participating governments established the Council to coordinate various funding received from federal and State agencies. Each participating government appoints one member to the Council’s governing board. The County paid membership fees of $24,693 to the Council during fiscal year ended June 30, 2012.
72
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
NOTE 17 – BENEFIT PAYMENTS ISSUED BY THE STATE
The amounts listed below were paid directly to individual recipients by the State from federal and State monies. County personnel are involved with certain functions, primarily eligibility determinations, which cause benefit payments to be issued by the State. These amounts disclose this additional aid to County recipients, which do not appear in the basic financial statements because they are not revenues and expenditures of the County.
Federal State
Medicaid Assistance Programs - Medicaid Title XIX 76,965,055$ 44,260,700$ Food and Nutrition Services EBT 31,024,789 - Aid to Families with Dependent Children (2,097) (575) Temporary Assistance for Needy Families 483,726 (963) Special Assistance to Adults - 954,040 Low Income Home Energy Assistance 229,600 - Child Welfare Services - Adoptive Subsidy - 403,578 Title IV-E Adoption Subsidy 887,759 237,587 Special Supplemental Food Program for
Women, Infants and Children 2,770,897 -
Total 112,359,729$ 45,854,367$
NOTE 18 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
At June 30, 2012, the following individual funds had a deficit in fund equity:
Special Revenue Funds:Section 8 Housing Fund (61,625)$ WIA Youth Program Fund (18,078) AMPI Unrecoverable Cost Fund (3,450) Capital Project Funds:Land Acquistion and Runway Safety (8,726) Emergency Service Response Fund (1,606) Single Family Fund (78,070) Scattered Site Housing II Fund (362) Internal Service Fund:Workers' Compensation Fund (1,614,363)
The deficit occurred because of the timing of payments Management intends to appropriate funds as necessary to cover deficit fund balance.
73
HARNETT COUNTY, NORTH CAROLINA
NOTES TO THE BASIC FINANCIAL STATEMENTS
YEAR ENDED JUNE 30, 2012
For the year ended June 30, 2012, the expenditures exceeded authorized appropriations as follows:
Capital Project Funds:Transfers out:Boone Trail Elementary 534,623$ Law Enforcement Expansion 46,707 Lafayette School 30,795 Wastewater Master Plan 3,332 Johnsonville School 109,293
Total 724,750$
General Fund:Economic and Physical DevelopmentAppropriations 70,565$
Management will more closely monitor budget reports to ensure compliance in future years. NC General Statutes (G.S.159-28) requires a pre-audit of expenditures by the Finance Officer or a duly appointed Deputy Finance Officer. The individual making disbursements from a bank account held by the County’s Sheriff’s department is not the Finance Officer or the appointed Deputy Finance Officer. Management will monitor this bank account within the finance department to ensure compliance in future years.
74
REQUIRED SUPPLEMENTAL FINANCIAL DATA
This section contains additional information required by accounting principles generally accepted in the United States of America.
Schedule of Funding Progress for the Law Enforcement Officers' Special Separation Allowance
Notes to the Required Schedules for the Law Enforcement Officer's Special Separation Allowance
Schedule of Funding Progress for the Post-Employment Benefit Retiree Healthcare Plan
Notes to the Required Schedules for the Post-Employment Benefit Retiree Healthcare Plan
This page left blank intentionally.
Schedule A-1
HARNETT COUNTY, NORTH CAROLINA
LAW ENFORCEMENT OFFICERS' SPECIAL SEPARATION ALLOWANCEREQUIRED SUPPLEMENTARY INFORMATIONFOR THE YEAR ENDED JUNE 30, 2012
Actuarial Accrued UAAL as a
Actuarial Liability (AAL) - Unfunded PercentageActuarial Value of Projected Unit AAL Funded Covered of CoveredValuation Assets Credit (UAAL) Ratio Payroll Payroll
Date (a) (b) (b-a) (a/b) (c) ((b-a)/c)
12/31/2003 -$ 721,297$ 721,297$ 0.00% 2,658,429$ 27.13%12/31/2004 - 884,009 884,009 0.00% 3,081,508 28.69%12/31/2005 - 783,403 783,403 0.00% 3,511,915 22.31%12/31/2006 - 976,187 976,187 0.00% 3,935,637 24.80%12/31/2007 - 953,625 953,625 0.00% 4,133,872 23.07%12/31/2008 - 956,814 956,814 0.00% 4,381,562 21.84%12/31/2009 - 1,350,543 1,350,543 0.00% 4,482,025 30.13%12/31/2010 - 1,316,456 1,316,456 0.00% 4,775,956 27.56%12/31/2011 - 1,376,768 1,376,768 0.00% 4,770,805 28.86%
Annual Required Percentage
Year Ended Contribution of ARCJune 30 (ARC) Contributed
2004 75,029$ 68.40%2005 68,818 85.37%2006 85,582 86.60%2007 104,224 100.00%2008 100,775 75.47%2009 112,213 74.62%2010 119,535 73.23%2011 159,402 55.13%2012 162,421 54.11%
Notes to the Required Schedules:The information presented in the required supplementary schedules was determined as part of the actuarial valuationsat the dates indicated. Additional information as of the latest actuarial valuation follows:
Valuation date 12/31/2010Actuarial cost method Projected unit creditAmortization method Level percent of pay closedRemaining amortization period 20 yearsAsset valuation method Market valueActuarial assumptions:Investment rate of return 5.00%Projected salary increases 4.25% to 7.85%Includes inflation at 3.75%Cost of living adjustments None
Schedule of Funding Progress
Schedule of Employer Contributions
75
Schedule A-2
HARNETT COUNTY, NORTH CAROLINA
OTHER POST-EMPLOYMENT BENEFITS -
RETIREE HEALTH PLAN
REQUIRED SUPPLEMENTARY INFORMATION
FOR THE YEAR ENDED JUNE 30, 2012
Actuarial
Accrued UAAL as a
Actuarial Liability (AAL) - Unfunded Percentage
Actuarial Value of Projected Unit AAL Funded Covered of Covered
Valuation Assets Credit (UAAL) Ratio Payroll Payroll
Date (a) (b) (b-a) (a/b) (c) ((b-a)/c)
12/31/2007 -$ 15,836,928$ 15,836,928$ 0.00% 28,925,039$ 54.75%
12/31/2008 - 17,839,619 17,839,619 0.00% 30,636,815 58.20%
12/31/2010 - 19,467,163 19,467,163 0.00% 33,178,627 58.70%
Annual
Required Amount Percentage
Year Ended Contribution Contributed of ARC
June 30 (ARC) By Employer Contributed
2010 1,872,656$ 320,284$ 17%
2011 1,942,881 499,567 26%
2012 1,932,968 537,082 28%
Notes to the Required Schedules:
The information presented in the required supplementary schedules was determined as part of the actuarial valuations
at the dates indicated. Additional information as of the latest actuarial valuation follows:
Valuation date 12/31/2010
Actuarial cost method Projected unit credit
Amortization method Level percent of pay, open
Remaining amortization period 30 years
Asset valuation method Market value of assets
Actuarial assumptions:
Investment rate of return* 4.00%
Medical cost trend rate 10.5%-5.0%
Year of Ultimate trend rate 2016
* Includes inflation at 3.00%
Schedule of Funding Progress
Schedule of Employer Contributions
76
MAJOR FUNDS - GOVERNMENTAL
The General Fund accounts for resources traditionally associated with government which are not required legally or by financial management to be accounted for in another fund.
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Schedule B-1
Page 1 of 11HARNETT COUNTY, NORTH CAROLINA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over /Under Actual
Revenues:
Ad Valorem Taxes:
Taxes 51,998,059$ 51,564,765$ (433,294)$ 50,352,994$
Penalties and interest 520,000 564,757 44,757 526,790
Total 52,518,059 52,129,522 (388,537) 50,879,784
Other Taxes and Licenses:
Local option sales tax 11,798,555 13,914,555 2,116,000 12,288,772
Cable franchise license 215,000 232,046 17,046 246,233
Occupancy taxes 350,000 417,602 67,602 394,058
Excise stamp - real property 500,000 380,640 (119,360) 373,065
Total 12,863,555 14,944,843 2,081,288 13,302,128
Unrestricted Intergovernmental:
ABC Boards 14,000 15,633 1,633 15,139
Controlled substance 17,842 23,530 5,688 37,685
Asset forfeitures 313,254 297,088 (16,166) 64,283
Civil license revenue 9,000 10,951 1,951 8,738
Total 354,096 347,202 (6,894) 125,845
Restricted Intergovernmental:
Federal and State grants 20,969,615 18,712,009 (2,257,606) 19,901,409
Court facility fees 1,116,784 1,145,232 28,448 1,079,283
Total 22,086,399 19,857,241 (2,229,158) 20,980,692
Permits and Fees:
Filing and registration fees 67,400 81,588 14,188 68,100
Dog warden fees 40,000 42,288 2,288 42,915
Register of Deeds' fees 694,400 629,957 (64,443) 512,746
Inspection fees 1,444,774 1,445,939 1,165 1,438,952
Planning fees 118,000 136,040 18,040 116,025
Other fees 219,895 379,857 159,962 252,899
Total 2,584,469 2,715,669 131,200 2,431,637
2012
77
Schedule B-1
Page 2 of 11HARNETT COUNTY, NORTH CAROLINA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over /Under Actual
2012
Sales and Services:
Rents, concessions, and fees 492,472 579,578 87,106 543,439
Court costs and fees 165,000 240,788 75,788 167,027
Jail fees 30,000 27,281 (2,719) 38,329
Ambulance fees 5,000,059 5,475,535 475,476 5,670,472
Library fees 26,750 23,366 (3,384) 27,163
Health fees 4,084,278 3,051,709 (1,032,569) 3,487,573
Total 9,798,559 9,398,257 (400,302) 9,934,003
Investment Earnings 13,100 14,473 1,373 20,866
Other General Revenues:
Sale of assets 2,600 10,860 8,260 (416)
Miscellaneous revenues 1,832,823 1,988,404 155,581 1,744,193
Donations 123,817 112,114 (11,703) 147,377
Total 1,959,240 2,111,378 152,138 1,891,154
Total revenues 102,177,477 101,518,585 (658,892) 99,566,109
Expenditures:
General Government:
Governing Body:
Salaries and employee benefits 41,365 37,183 30,394
Other operating expenditures 294,466 230,252 217,427
Total 335,831 267,435 68,396 247,821
Administration:
Salaries and employee benefits 173,308 177,437 182,141
Other operating expenditures 25,742 16,206 23,223
Total 199,050 193,643 5,407 205,364
Legal Services:
Salaries and employee benefits 40,700 40,488 37,899
Other operating expenditures 28,697 26,001 154,491
Total 69,397 66,489 2,908 192,390
78
Schedule B-1
Page 3 of 11HARNETT COUNTY, NORTH CAROLINA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over /Under Actual
2012
Human Resources:
Salaries and employee benefits 167,419 165,392 165,154
Other operating expenditures 73,199 55,069 87,249
Total 240,618 220,461 20,157 252,403
Board of Elections:
Salaries and employee benefits 266,157 245,000 260,611
Other operating expenditures 126,617 75,832 84,260
Total 392,774 320,832 71,942 344,871
Finance:
Salaries and employee benefits 538,771 540,313 512,738
Other operating expenditures 223,070 177,894 118,890
Total 761,841 718,207 43,634 631,628
Facility Fees:
Other operating expenditures 81,673 74,776 76,244
Total 81,673 74,776 6,897 76,244
IT:
Salaries and employee benefits 678,115 684,374 686,648
Other operating expenditures 421,948 398,809 564,706
Capital outlay - - 15,000
Total 1,100,063 1,083,183 16,880 1,266,354
Tax:
Salaries and employee benefits 414,491 391,940 407,426
Other operating expenditures 1,042,522 1,037,090 1,170,533
Total 1,457,013 1,429,030 27,983 1,577,959
Register of Deeds:
Salaries and employee benefits 547,196 535,779 530,913
Other operating expenditures 221,304 201,301 106,748
Total 768,500 737,080 31,420 637,661
79
Schedule B-1
Page 4 of 11HARNETT COUNTY, NORTH CAROLINA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over /Under Actual
2012
Public Buildings:
Salaries and employee benefits 571,971 565,691 560,140
Other operating expenditures 2,106,097 1,855,945 1,911,192
Capital outlay 19,055 19,055 -
Total 2,697,123 2,440,691 256,432 2,471,332
General Services:
Salaries and employee benefits 146,161 150,193 150,223
Other operating expenditures 364,490 339,278 329,513
Total 510,651 489,471 21,180 479,736
Transportation:
Salaries and employee benefits 696,051 685,925 708,006
Other operating expenditures 794,140 425,638 424,095
Total 1,490,191 1,111,563 378,628 1,132,101
GIS:
Salaries and employee benefits 352,132 342,811 422,183
Other operating expenditures 44,800 38,601 40,965
Total 396,932 381,412 15,520 463,148
Total general government 10,501,657 9,534,273 967,384 9,979,012
Public Safety:
Sheriff:
Salaries and employee benefits 7,080,839 6,930,209 6,935,259
Other operating expenditures 1,241,620 1,134,374 981,140
Capital outlay 555,833 545,904 54,583
Total 8,878,292 8,610,487 267,805 7,970,982
Campbell Campus Deputies:
Salaries and employee benefits 369,208 320,639 297,057
Other operating expenditures 59,649 15,287 17,720
Total 428,857 335,926 92,931 314,777
80
Schedule B-1
Page 5 of 11HARNETT COUNTY, NORTH CAROLINA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over /Under Actual
2012
Sheriff Department Grants:
Other operating expenditures 52,992 50,329 55,081
Total 52,992 50,329 2,663 55,081
Communications:
Salaries and employee benefits 969,670 923,285 981,140
Other operating expenditures 165,802 130,447 127,059
Total 1,135,472 1,053,732 81,740 1,108,199
Jail:
Salaries and employee benefits 3,011,545 2,666,796 2,517,321
Other operating expenditures 1,376,354 1,219,669 1,227,545
Total 4,387,899 3,886,465 501,434 3,744,866
Lee/Harnett Criminal Justice:
Salaries and employee benefits 58,213 57,571 54,828
Other operating expenditures 40,366 9,732 12,838
Total 98,579 67,303 31,276 67,666
Child Support Enforcement:
Salaries and employee benefits 60,465 54,725 60,788
Other operating expenditures 12,133 4,962 5,045
Total 72,598 59,687 12,911 65,833
Governor's Highway Safety:
Salaries and employee benefits 134,563 107,362 61,734
Other operating expenditures - - 36,319
Capital outlay - - 60,099
Total 134,563 107,362 27,201 158,152
Emergency Services:
Salaries and employee benefits 596,643 577,980 591,975
Other operating expenditures 123,970 103,829 173,489
Capital outlay - - 46,979
Total 720,613 681,809 38,804 812,443
81
Schedule B-1
Page 6 of 11HARNETT COUNTY, NORTH CAROLINA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over /Under Actual
2012
Emergency Medical Services:
Salaries and employee benefits 2,997,670 2,983,514 2,943,437
Other operating expenditures 3,377,029 3,339,342 3,323,912
Capital outlay 81,115 81,109 -
Total 6,455,814 6,403,965 51,849 6,267,349
Emergency Medical Transport:
Salaries and employee benefits 753,480 734,808 826,185
Other operating expenditures 95,511 87,721 88,737
Total 848,991 822,529 26,462 914,922
Emergency Telephone System:
Salaries and employee benefits 197,186 195,654 195,596
Other operating expenditures 304,912 276,152 251,965
Capital outlay 61,000 57,956 -
Total 563,098 529,762 33,336 447,561
Medical Examiner:
Other operating expenditures 50,000 48,600 1,400 32,900
Public Safety Appropriations:
Other operating expenditures 144,216 126,472 132,069
Total 144,216 126,472 17,744 132,069
Emergency Services Grant:
Other operating expenditures 82,620 35,593 2,000
Total 82,620 35,593 47,027 2,000
Animal Control:
Salaries and employee benefits 279,568 277,048 291,424
Other operating expenditures 80,817 73,249 82,609
Total 360,385 350,297 10,088 374,033
Total public safety 24,414,989 23,170,318 1,244,671 22,468,833
82
Schedule B-1
Page 7 of 11HARNETT COUNTY, NORTH CAROLINA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over /Under Actual
2012
Transportation:
Airport:
Other operating expenditures 162,856 160,068 149,839
Total transportation 162,856 160,068 2,788 149,839
Environmental Protection:
Soil and Water:
Salaries and employee benefits 127,143 109,548 143,809
Other operating expenditures 8,620 4,618 6,054
Total 135,763 114,166 21,597 149,863
Environmental Protection Allocation:
Salaries and employee benefits
Other operating expenditures 31,601 4,000 13,422
Total 31,601 4,000 27,601 13,422
Total environmental protection 167,364 118,166 49,198 163,285
Economic and Physical Development:
Planning and Inspections:
Salaries and employee benefits 1,300,868 1,288,624 1,358,829
Other operating expenditures 81,120 69,606 60,948
Total 1,381,988 1,358,230 23,758 1,419,777
Economic Development:
Salaries and employee benefits 267,878 268,099 327,294
Other operating expenditures 1,974,217 1,946,340 1,250,337
Total 2,242,095 2,214,439 27,656 1,577,631
Cooperative Extension:
Salaries and employee benefits 552,564 544,962 634,421
Other operating expenditures 186,911 159,790 519,714
Total 739,475 704,752 34,723 1,154,135
Forestry Program:
Operating expenditures 107,849 107,849 - 99,494
83
Schedule B-1
Page 8 of 11HARNETT COUNTY, NORTH CAROLINA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over /Under Actual
2012
Economic and Physical Development
Appropriations:
Operating expenditures 1,388,754 1,459,319 (70,565) 1,543,229
Total economic and physical development 5,860,161 5,844,589 15,572 5,794,266
Human Services:
Health:
Salaries and employee benefits 4,697,196 4,393,409 4,564,507
Other operating expenditures 2,503,553 1,635,218 1,587,544
Capital outlay - - 39,661
Total 7,200,749 6,028,627 1,172,122 6,191,712
Social Services:
Salaries and employee benefits 8,675,021 8,311,011 8,112,763
Other operating expenditures 668,263 595,337 540,222
Capital outlay - - 42,918
Total 9,343,284 8,906,348 436,936 8,695,903
Restitution:
Salaries and employee benefits 88,240 85,258 86,636
Operating expenditures 28,987 23,532 23,551
Total 117,227 108,790 8,437 110,187
Veterans Services:
Salaries and employee benefits 157,795 156,632 157,021
Other operating expenditures 10,948 8,649 20,907
Total 168,743 165,281 3,462 177,928
Department on Aging:
Salaries and employee benefits 113,499 107,785 134,360
Other operating expenditures 200,662 184,413 151,639
Total 314,161 292,198 21,963 285,999
Nutrition:
Salaries and employee benefits 54,546 53,741 54,906
Other operating expenditures 384,651 351,027 353,776
Total 439,197 404,768 34,429 408,682
84
Schedule B-1
Page 9 of 11HARNETT COUNTY, NORTH CAROLINA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over /Under Actual
2012
Community Alternatives Program:
Salaries and employee benefits 276,514 269,939 272,967
Other operating expenditures 63,806 46,040 54,428
Total 340,320 315,979 24,341 327,395
Mental Health:
Other operating expenditures 297,679 297,679 205,679
Total 297,679 297,679 - 205,679
RSVP:
Salaries and employee benefits 59,725 57,027 60,382
Other operating expenditures 16,828 15,423 24,131
Total 76,553 72,450 4,103 84,513
Aging Volunteers:
Salaries and employee benefits - - 25,874
Other operating expenditures - - 1,237
Total - - - 27,111
Family Caregivers Grant:
Salaries and employee benefits 51,618 51,102 48,949
Other operating expenditures 14,712 9,847 8,999
Total 66,330 60,949 5,381 57,948
Human Services Appropriations:
Other operating expenditures 124,819 124,819 204,101
Total 124,819 124,819 - 204,101
Public Assistance:
TANF 5,000 2,956 3,351
Aid to the Aged and Blind 1,100,000 953,621 957,446
Medicaid 31,000 32,401 13,940
Aid to the blind 10,000 5,396 5,724
County assistance 4,000 3,605 993
CP&L Project SHARE 6,916 6,248 10,892
Crisis Intervention 923,683 923,609 727,489
Adoption Assistance -IV-B 152,500 127,221 128,541
Adoption IV-B vendor 57,600 27,281 42,719
85
Schedule B-1
Page 10 of 11HARNETT COUNTY, NORTH CAROLINA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over /Under Actual
2012
Adoption IV-E vendor 15,000 17,744 17,699
Adoption assistance -IV-E 240,000 237,568 233,904
Foster care - other 5,000 2,341 2,532
Title IV-E - foster care 350,000 223,675 271,546
Foster care county payments 10,000 3,946 38
State foster home care 320,000 246,911 342,782
Special services - foster care 33,000 33,231 17,437
Vendor transportation 331,000 303,887 263,286
Independent living - foster care 8,000 2,694 5,244
Day care 5,140,889 4,210,798 4,797,662
Food stamp employment training - - (15)
All county clothing allowance 6,000 7,834 9,696
Professional services 30,000 10,113 27,272
Workfirst - emergency cash 22,043 22,013 25,990
Workfirst transportation grant 12,625 11,440 20,020
Workfirst county issued 5,000 - -
Workfirst 53,000 36,694 31,641
Contracted services 49,282 32,198 59,170
Child support enforcement 14,600 8,806 46,112
LIEAP 229,651 229,600 -
Job boost 60,000 19,907 -
Donations 9,067 5,103 6,304
Food stamp issuance 35,000 37,757 34,621
Special needs adoption 93,443 36,738 54,211
Total 9,363,299 7,823,336 1,539,963 8,158,247
Total human services 27,852,361 24,601,224 3,251,137 24,935,405
Cultural and Recreation:
Parks & Recreation:
Salaries and employee benefits 132,886 131,149 178,957
Other operating expenditures 141,051 139,502 175,191
Capital outlay - - 8,993
Total 273,937 270,651 3,286 363,141
Libraries:
Salaries and benefits 626,255 617,337 677,990
Other operating expenditures 343,056 316,896 273,228
Total 969,311 934,233 35,078 951,218
86
Schedule B-1
Page 11 of 11HARNETT COUNTY, NORTH CAROLINA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over /Under Actual
2012
Culture and Recreation Appropriations:
Other operating expenditures 150,000 150,000 - 232,000
Total cultural and recreation 1,393,248 1,354,884 38,364 1,546,359
Education:
CCCC campus 656,341 656,341 650,226
CCCC campus capital outlay 25,730 25,730 75,500
Public schools - current expenses 20,288,004 20,288,004 20,288,004
Public schools - capital outlay 3,889,044 2,830,946 965,181
Total education 24,859,119 23,801,021 1,058,098 21,978,911
Debt Service:
Principal retirement 7,264,359 7,176,838 6,666,065
Interest and fees 5,432,187 5,139,600 6,032,825
Total debt service 12,696,546 12,316,438 380,108 12,698,890
Total expenditures 107,908,301 100,900,981 7,007,320 99,714,800
Revenues over (under) expenditures (5,730,824) 617,604 6,348,428 (148,691)
Other Financing Sources (Uses):
Transfer out (136,621) (135,952) 669 (331,667)
Transfer in 4,015,820 3,721,918 (293,902) 1,911,250
Long-term debt issued 24,400,690 24,363,175 (37,515) 20,803,000
Bond premium - - - 35,475
Bond payoff (23,920,690) (23,921,394) (704) (20,035,000)
Appropriated fund balance 1,371,625 - (1,371,625) -
Total other financing sources (uses) 5,730,824 4,027,747 (1,703,077) 2,383,058
Net change in fund balance -$ 4,645,351 4,645,351$ 2,234,367
Fund Balance:
Beginning of year - July 1 18,679,151 16,444,784
End of year - June 30 23,324,502$ 18,679,151$
87
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Schedule C-1
HARNETT COUNTY, NORTH CAROLINA
NONMAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET
JUNE 30, 2012
Special Capital
Revenue Project
Funds Fund Total
Assets:
Cash and investments 1,181,661$ 182,570$ 1,364,231$
Taxes receivable, net 157,103 - 157,103
Accounts receivable, net 339,205 33,310 372,515
Due from other funds 50,600 429,645 480,245
Prepaid items 2,612 - 2,612
Cash and cash equivalents, restricted - 464,856 464,856
Total assets 1,731,181$ 1,110,381$ 2,841,562$
Liabilities and Fund Balances:
Liabilities:
Accounts payable and accrued liabilities 590,625$ 108,283$ 698,908$
Due to other funds 50,600 27,103 77,703
Unearned revenues 24,798 - 24,798
Deferred revenues 132,302 - 132,302
Total liabilities 798,325 135,386 933,711
Fund Balances:
Non-spendable
Prepaid items 2,612 - 2,612
Restricted for stabilization for State statute 386,355 462,955 849,310
Restricted for Register of Deeds 117,279 - 117,279
Restricted for general government 12,554 - 12,554
Restricted for education - 529,697 529,697
Restricted for public safety 700,240 1,223 701,463
Restricted for memorials 2,030 - 2,030
Committed - 103,168 103,168
Assigned 60,662 - 60,662
Unassigned (348,876) (122,048) (470,924)
Total fund balances 932,856 974,995 1,907,851
Total liabilities and fund balances 1,731,181$ 1,110,381$ 2,841,562$
Nonmajor
88
Schedule C-2
HARNETT COUNTY, NORTH CAROLINA
NONMAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2012
Special Capital
Revenue Project
Funds Funds Total
Revenues:
Ad valorem taxes 5,914,010$ -$ 5,914,010$
Other taxes and licenses 974,595 - 974,595
Restricted intergovernmental 433,184 290,080 723,264
Permits and fees 906,083 - 906,083
Sales and services 83,000 - 83,000
Investment earnings 820 199 1,019
Miscellaneous 2,140 91 2,231
Total revenues 8,313,832 290,370 8,604,202
Expenditures:
Current:
General government 490,659 189,365 680,024
Public safety 8,048,304 - 8,048,304
Economic and physical development 55,875 370,180 426,055
Human services 1,799 19,487 21,286
Education 271,292 43,452 314,744
Total expenditures 8,867,929 622,484 9,490,413
Revenues over (under) expenditures (554,097) (332,114) (886,211)
Other Financing Sources (Uses):
Transfers in 5,309 36,667 41,976
Transfers out (37,720) (3,278,198) (3,315,918)
Total other financing sources (uses) (32,411) (3,241,531) (3,273,942)
Net change in fund balances (586,508) (3,573,645) (4,160,153)
Fund Balances:
Beginning of year - July 1 1,519,364 4,548,640 6,068,004
End of year - June 30 932,856$ 974,995$ 1,907,851$
Nonmajor
89
NONMAJOR FUNDS - GOVERNMENTAL
Special Revenue Funds account for the proceeds of special revenue sources that are legally restricted to the expenditure for special purposes.
INDIVIDUAL FUND DESCRIPTIONS:
Section 8 Housing Fund - accounts for grant funds provided to support the County's Section 8 Existing and Modified Rehabilitation Housing programs.
Economic Development Green Jobs – accounts for grant funds to provide individuals, in Harnett and Sampson County, with the ability to gain work experience in environmental fields. Special Districts Fund - accounts for revenues of sixteen rescue/fire districts and one special school district in Harnett County. Law Enforcement Fund - accounts for the handgun assessed fees that are charged for concealed weapons permits. Emergency Telephone System Fund - accounts for the surcharge fees billed to telephone customers and the expenditures related to the implementation of the Emergency Telephone System. Automation Enhancement & Preservation Fund - accounts for 10% of fees collected in the Register of Deeds’ office. These fees are set aside and used to finance expenditures on computers and imaging technology for the Register of Deeds’ office. Emergency Response Planning Fund - accounts for the expenditures and revenues for emergency response readiness for the fixed nuclear facility. Harnett Memorial Fund - accounts for funds received from citizens for the construction of memorials in the County. Abandoned Manufactured Homes Fund - accounts for funds received from citizens for the removal of abandoned mobile homes to the County landfill. Floodplain Mapping Fund - accounts for the expenditures and revenues for the self-insurance related to the County's floodplain mapping.
NONMAJOR FUNDS - GOVERNMENTAL
Workforce Investment Act Youth Program - accounts for the grant funds to provide job placement and educational opportunities to eligible participants in Harnett and Sampson Counties. AMPI Unrecoverable Cost Fund - accounts for the expenditures and Revenues for the public assistance program that aide’s property owners in the removal of abandoned manufactured housing. Eligible sites may be located within both municipal and county jurisdictional boundaries. American Recovery and Reinvestment Act (ARRA) - accounts for the ARRA grants received by Harnett County Health Department and the Harnett County Department of Services for the Aging. Employment Transportation – accounts for grant funding from the NC Department of Transportation which provides assistance to Workforce Investment participants. Electronics Management – accounts for activity related to the processing of electronic recycling.
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HARNETT COUNTY, NORTH CAROLINA
NONMAJOR SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 2012
Automation Emergency
Section 8 Special Law Emergency Enhancement Response
Housing Districts Enforcement Telephone & Preservation Planning
Fund Fund Fund System Fund Fund Fund
Assets:
Cash and investments 30,735$ 180,720$ 4,650$ 718,519$ 175,241$ 35,728$
Taxes receivable, net - 157,103 - - - -
Accounts receivable, net - 243,888 - 64,336 - -
Prepaid items - - - - - 31
Due from other funds - - - - - 50,600
Total assets 30,735$ 581,711$ 4,650$ 782,855$ 175,241$ 86,359$
Liabilities and Fund Balances:
Liabilities:
Accounts payable 92,360$ 413,396 4,650$ 18,279$ 57,962$ -$
Due to other funds - - - - - -
Unearned revenue - 24,798 - - - -
Deferred revenue - 132,302 - - - -
Total liabilities 92,360 570,496 4,650 18,279 57,962 -
Fund Balances:
Non-spendable
Prepaid items - - - - - 31
Restricted for stabilization
for State statute - 243,888 - 64,336 - 47,150
Restricted for Register of Deeds - - - - 117,279 -
Restricted for general government - - - - - -
Restricted for public safety - - - 700,240 - -
Restricted for memorials - - - - - -
Assigned - - - - - 39,178
Unassigned (61,625) (232,673) - - - -
Total fund balances (61,625) 11,215 - 764,576 117,279 86,359
Total liabilities and fund balances 30,735$ 581,711$ 4,650$ 782,855$ 175,241$ 86,359$
90
Schedule D-1
Abandoned WIA AMPIHarnett Manufactured Youth Unrecoverable
Memorial Homes Program Cost Employment Electronics Fund Fund Fund Fund Transportation Management Total
2,030$ 21,484$ -$ -$ 3,592$ 8,962$ 1,181,661$ - - - - - - 157,103 - - 30,981 - - - 339,205 - 512 2,069 - - - 2,612 - - - - - - 50,600
2,030$ 21,996$ 33,050$ -$ 3,592$ 8,962$ 1,731,181$
-$ -$ 3,978$ -$ -$ -$ 590,625$ - - 47,150 3,450 - - 50,600 - - - - - - 24,798 - - - - - - 132,302
- - 51,128 3,450 - - 798,325
- 512 2,069 - - - 2,612
- - 30,981 - - - 386,355 - - - - - - 117,279 - - - 3,592 8,962 12,554 - - - - - - 700,240
2,030 - - - - - 2,030 - 21,484 - - - - 60,662 - - (51,128) (3,450) - - (348,876)
2,030 21,996 (18,078) (3,450) 3,592 8,962 932,856
2,030$ 21,996$ 33,050$ -$ 3,592$ 8,962$ 1,731,181$
91
HARNETT COUNTY, NORTH CAROLINA
NONMAJOR SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2012
Automation Emergency
Section 8 Economic Special Law Emergency Enhancement Response
Housing Development Districts Enforcement Telephone & Preservation Planning
Fund Green Jobs Fund Fund System Fund Fund Fund
Revenues:
Ad valorem taxes -$ -$ 5,914,010$ -$ -$ -$ -$
Other taxes and licenses - - 974,595 - - - -
Restricted intergovernmental - - - - - - -
Permits and fees - 11,255 - 54,780 772,029 68,019 -
Sales and services - - - - - - 83,000
Investment earnings - - - - 725 76 -
Other general revenues - - - - - - -
Total revenues - 11,255 6,888,605 54,780 772,754 68,095 83,000
Expenditures:
General government - - - - - 88,348 -
Public safety - - 6,617,313 81,845 1,304,459 - 44,687
Health and human services - - - - - - -
Economic and physical development - 11,343 - - - - -
Education - - 271,292 - - - -
Total expenditures - 11,343 6,888,605 81,845 1,304,459 88,348 44,687
Revenues over (under) expenditures - (88) - (27,065) (531,705) (20,253) 38,313
Other Financing Sources (Uses):
Transfers in - - - 5,174 - - -
Transfers out - - - - - - (25,000)
Total other financing sources (uses) - - - 5,174 - - (25,000)
Net change in fund balances - (88) - (21,891) (531,705) (20,253) 13,313
Fund Balances:
Beginning of year - July 1 (61,625) 88 11,215 21,891 1,296,281 137,532 73,046
End of year - June 30 (61,625)$ -$ 11,215$ -$ 764,576$ 117,279$ 86,359$
92
Schedule D-2
Abandoned WIA AMPI
Harnett Manufactured Floodplain Youth Unrecoverable
Memorial Homes Mapping Program Cost ARRA ARRA Employment Electronics
Fund Fund Fund Fund Fund Fund 441 Transportation Management Total
-$ -$ -$ -$ -$ -$ -$ -$ -$ 5,914,010$
- - - - - - - - - 974,595
- - 12,900 390,394 - - 1,799 19,129 8,962 433,184
- - - - - - - - - 906,083
- - - - - - - - - 83,000
- 19 - - - - - - - 820
- 2,140 - - - - - - - 2,140
- 2,159 12,900 390,394 - - 1,799 19,129 8,962 8,313,832
- - - 398,861 3,450 - - - - 490,659
- - - - - - - - - 8,048,304
- - - - - - 1,799 - - 1,799
- 28,995 - - - - - 15,537 - 55,875
- - - - - - - - - 271,292
- 28,995 - 398,861 3,450 - 1,799 15,537 - 8,867,929
- (26,836) 12,900 (8,467) (3,450) - - 3,592 8,962 (554,097)
- - - - - 135 - - - 5,309
- - (12,720) - - - - - - (37,720)
- - (12,720) - - 135 - - - (32,411)
- (26,836) 180 (8,467) (3,450) 135 - 3,592 8,962 (586,508)
2,030 48,832 (180) (9,611) - (135) - - - 1,519,364
2,030$ 21,996$ -$ (18,078)$ (3,450)$ -$ -$ 3,592$ 8,962$ 932,856$
93
Schedule D-3
HARNETT COUNTY, NORTH CAROLINA
SECTION 8 HOUSING FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over/Under Actual
Revenues:
Investment earnings -$ -$ -$ -$
Total revenues - - - -
Net change in fund balance -$ - -$ -
Fund Balance:
Beginning of year - July 1 (61,625) (61,625)
End of year - June 30 (61,625)$ (61,625)$
2012
94
Schedule D-4
HARNETT COUNTY, NORTH CAROLINA
ECONOMIC DEVELOPMENT GREEN JOBS SPECIAL REVENUE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over/Under Actual
Revenues:
Workforce development fees 11,592$ 11,255$ (337)$ 5,606$
Total revenues 11,592 11,255 (337) 5,606
Expenditures:
Economic and physical development:
Operating expenditures 11,592 11,343 249 5,518
Total expenditures 11,592 11,343 249 5,518
Net change in fund balance -$ (88) (88)$ 88
Fund Balance:
Beginning of year - July 1 88 -
End of year - June 30 -$ 88$
2012
95
Schedule D-5
HARNETT COUNTY, NORTH CAROLINA
SPECIAL DISTRICTS FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over/Under Actual
Revenues:
Ad valorem taxes 6,378,525$ 5,914,010$ (464,515)$ 5,557,398$
Other taxes and licenses 771,548 974,595 203,047 886,171
Total revenues 7,150,073 6,888,605 (261,468) 6,443,569
Expenditures:
Public safety 6,869,374 6,617,313 252,061 6,179,489
Education 280,699 271,292 9,407 260,759
Total expenditures 7,150,073 6,888,605 261,468 6,440,248
Net change in fund balance -$ - -$ 3,321
Fund Balance:
Beginning of year - July 1 11,215 7,894
End of year - June 30 11,215$ 11,215$
2012
96
Schedule D-6
HARNETT COUNTY, NORTH CAROLINA
LAW ENFORCEMENT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over/Under Actual
Revenues:
Permits and fees 58,000$ 54,780$ (3,220)$ 43,890$
Total revenues 58,000 54,780 (3,220) 43,890
Expenditures:
Public safety:
Other expenditures 84,924 81,845 3,079 44,260
Total expenditures 84,924 81,845 3,079 44,260
Revenues over (under) expenditures (26,924) (27,065) (141) (370)
Other Financing Sources (Uses):
Transfers in (out) 5,843 5,174 (669) -
Appropriated fund balance 21,081 - (21,081) -
Total other financing sources (uses) 26,924 5,174 (21,750) -
Net change in fund balance -$ (21,891) (21,891)$ (370)
Fund Balance:
Beginning of year - July 1 21,891 22,261
End of year - June 30 -$ 21,891$
2012
97
Schedule D-7
HARNETT COUNTY, NORTH CAROLINA
EMERGENCY TELEPHONE SYSTEM FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over/Under Actual
Revenues:
Permits and fees 772,029$ 772,029$ -$ 833,864$
Investment earnings 750 725 (25) 1,173
Total revenues 772,779 772,754 (25) 835,037
Expenditures:
Public safety:
Operating expenditures 1,007,302 947,413 59,889 427,631
Capital outlay 514,228 357,046 157,182 98,433
Total expenditures 1,521,530 1,304,459 217,071 526,064
Revenues over (under) expenditures (748,751) (531,705) 217,046 308,973
Other Financing Sources (Uses):
Appropriated fund balance 748,751 - (748,751) -
Total other financing sources (uses) 748,751 - (748,751) -
Net change in fund balance -$ (531,705) (531,705)$ 308,973
Fund Balance:
Beginning of year - July 1 1,296,281 987,308
End of year - June 30 764,576$ 1,296,281$
2012
98
Schedule D-8
HARNETT COUNTY, NORTH CAROLINA
AUTOMATION ENHANCEMENT & PRESERVATION FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over/Under Actual
Revenues:
Investment earnings -$ 76$ 76$ 333$
Permits and fees 68,000 68,019 19 67,008
Total revenues 68,000 68,095 95 67,341
Expenditures:
General government:
Operating expenditures 147,887 88,348 59,539 78,380
Total expenditures 147,887 88,348 59,539 78,380
Revenues over (under) expenditures (79,887) (20,253) 59,634 (11,039)
Other Financing Sources (Uses):
Appropriated fund balance 79,887 - (79,887) -
Total other financing sources (uses) 79,887 - (79,887) -
Net change in fund balance -$ (20,253) (20,253)$ (11,039)
Fund Balance:
Beginning of year - July 1 137,532 148,571
End of year - June 30 117,279$ 137,532$
2012
99
Schedule D-9
HARNETT COUNTY, NORTH CAROLINA
EMERGENCY RESPONSE PLANNING FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over/Under Actual
Revenues:
Other general revenues 58,000$ 83,000$ 25,000$ 63,000$
Total revenues 58,000 83,000 25,000 63,000
Expenditures:
Public safety:
Salaries and fringe benefits 10,700 2,032 8,668 8,758
Other operating expenditures 53,287 42,655 10,632 44,034
Total expenditures 63,987 44,687 19,300 52,792
Revenues over (under) expenditures (5,987) 38,313 44,300 10,208
Other Financing Sources (Uses):
Transfers out (25,000) (25,000) - (3,000)
Appropriated fund balance 30,987 - (30,987) -
Total other financing sources (uses) 5,987 (25,000) (30,987) (3,000)
Net change in fund balance -$ 13,313 13,313$ 7,208
Fund Balance:
Beginning of year - July 1 73,046 65,838
End of year - June 30 86,359$ 73,046$
2012
100
Schedule D-10
HARNETT COUNTY, NORTH CAROLINA
HARNETT MEMORIAL FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over/Under Actual
Revenues:
Investment earnings -$ -$ -$ -$
Total revenues - - - -
Net change in fund balance -$ - -$ -
Fund Balance:
Beginning of year - July 1 2,030 2,030
End of year - June 30 2,030$ 2,030$
2012
101
Schedule D-11
HARNETT COUNTY, NORTH CAROLINA
ABANDONED MANUFACTURED HOMES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over/Under Actual
Revenues:
Restricted intergovernmental -$ -$ -$ 7,057$
Investment earnings - 19 19 78
Other general revenues 2,139 2,140 1 10,195
Total revenues 2,139 2,159 20 17,330
Expenditures:
Economic and physical development:
Abandoned home removal 30,292 28,995 1,297 49,156
Total expenditures 30,292 28,995 1,297 49,156
Revenues over (under) expenditures (28,153) (26,836) 1,317 (31,826)
Other Financing Sources (Uses):
Transfer in 28,153 - (28,153) -
Total other financing sources (uses) 28,153 - (28,153) -
Net change in fund balance -$ (26,836) (26,836)$ (31,826)
Fund Balance:
Beginning of year - July 1 48,832 80,658
End of year - June 30 21,996$ 48,832$
2012
102
Schedule D-12
HARNETT COUNTY, NORTH CAROLINA
FLOODPLAIN MAPPING FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over/Under Actual
Revenues:
Restricted intergovernmental 51,000$ 12,900$ (38,100)$ 100$
Total revenues 51,000 12,900 (38,100) 100
Expenditures:
General government:
Operating expenditures 38,280 - 38,280 -
Total expenditures 38,280 - 38,280 -
Revenues over (under) expenditures 12,720 12,900 180 100
Other Financing Sources (Uses):
Transfer in (out) (12,720) (12,720) - -
Total other financing sources (uses) (12,720) (12,720) - -
Net change in fund balance -$ 180 180$ 100
Fund Balance:
Beginning of year - July 1 (180) (280)
End of year - June 30 -$ (180)$
2012
103
Schedule D-13
HARNETT COUNTY, NORTH CAROLINA
WIA YOUTH PROGRAM FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
Variance
Budget Actual Over/Under Actual
Revenues:
Restricted intergovernmental 426,936$ 390,394$ (36,542)$ 295,144$
Total revenues 426,936 390,394 (36,542) 295,144
Expenditures:
General government:
Operating expenditures 426,936 398,861 28,075 298,562
Total expenditures 426,936 398,861 28,075 298,562
Net change in fund balance -$ (8,467) (8,467) (3,418)
Fund Balance:
Beginning of year - July 1 (9,611) (6,193)
End of year - June 30 (18,078)$ (9,611)$
2012
104
Schedule D-14
HARNETT COUNTY, NORTH CAROLINA
AMPI UNRECOVERABLE COST FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Restricted intergovernmental 40,000$ 36,805$ -$ 36,805$ (3,195)$
Total revenues 40,000 36,805 - 36,805 (3,195)
Expenditures:
General government:
Operating expenditures 40,000 36,805 3,450 40,255 (255)
Total expenditures 40,000 36,805 3,450 40,255 (255)
Net change in fund balance -$ -$ (3,450) (3,450)$ (3,450)$
Fund Balance:
Beginning of year - July 1 -
End of year - June 30 (3,450)$
Actual
105
Schedule D-15
HARNETT COUNTY, NORTH CAROLINA
ARRA FUNDSCHEDULE OF REVENUES, EXPENDITURES, AND CHANGESIN FUND BALANCE - BUDGET AND ACTUALFOR THE YEAR ENDED JUNE 30, 2012WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 2011
2011
VarianceBudget Actual Over/Under Actual
Revenues:Restricted intergovernmental -$ -$ -$ 44,420$
Total revenues - - - 44,420
Expenditures:General government:Operating expenditures - - - 44,418
Total expenditures - - - 44,418
Revenues over (under) expenditures - - - 2
Other Financing Sources (Uses):Transfer in (out) - 135 135 -
Total other financing sources (uses) - 135 135 -
Net change in fund balance -$ 135 135$ 2
Fund Balance:Beginning of year - July 1 (135) (137)
End of year - June 30 -$ (135)$
2012
106
Schedule D-16
HARNETT COUNTY, NORTH CAROLINA
ARRA 441 SPECIAL REVENUE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Revenues:
Restricted intergovernmental 2,440$ 1,799$ (641)$
Total revenues 2,440 1,799 (641)
Expenditures:
Health and human services
Operating expenditures 2,440 1,799 641
Total expenditures 2,440 1,799 641
Net change in fund balance -$ - -$
Fund Balance:
Beginning of year - July 1 -
End of year - June 30 -$
2012
107
Schedule D-17
HARNETT COUNTY, NORTH CAROLINA
EMPLOYMENT TRANSPORTATION
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Revenues:
Restricted intergovernmental 19,129$ 19,129$ -$
Total revenues 19,129 19,129 -
Expenditures:
General government:
Operating expenditures 19,129 15,537 -
Total expenditures 19,129 15,537 -
Net change in fund balance -$ 3,592 3,592$
Fund Balance:
Beginning of year - July 1 -
End of year - June 30 3,592$
2012
108
Schedule D-18
HARNETT COUNTY, NORTH CAROLINA
ELECTRONIC MANAGEMENT
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Revenues:
Restricted intergovernmental -$ 8,962$ 8,962$
Total revenues - 8,962 8,962
Net change in fund balance -$ 8,962 8,962$
Fund Balance:
Beginning of year - July 1 -
End of year - June 30 8,962$
2012
109
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NONMAJOR FUNDS - GOVERNMENTAL
Capital Project Funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities: INDIVIDUAL FUND DESCRIPTION: Transportation Facility Design Capital Project Fund - accounts for construction and design of a facility used by the Harnett County Area Transit System (HARTS). Land Acquisition & Runway Safety Project Fund - accounts for the expenditures and revenues for the Land Acquisition, Runway Safety Area, and ILS Site Prep. Barbecue Creek Park Capital Project Fund - accounts for the expenditures and revenues for the renovation and expansion of the Barbecue Park Project. School QZAB III Capital Project Fund - accounts for the renovation, refurbishment, and furnishing of twenty existing Harnett County Schools that are funded by interest-free Qualified Zone Academy Bond (QZAB) funds from the State. Emergency Services Renovation Capital Project Fund - accounts for the expenditures and revenues for the renovation of the building formerly known as the Law Enforcement & Detention Center. To provide office space for the Emergency Services division. Boone Trail Elementary School Capital Project Fund - accounts for the 2009 Certificate of Participation proceeds received for the construction of a new elementary school at the intersection of Griffin Road and Adcock Road in the Mamers Community, which is located in the western portion of the County. Harnett Central High School Capital Project Fund - accounts for the 2009 Certificate of Participation proceeds received for the construction of a 13,550 square foot auxiliary gymnasium and a 24-classroom addition to the Harnett Central High School. Johnsonville Elementary School Capital Project Fund - accounts for the 2009 Certificate of Participation proceeds received for the construction of a fifteen class addition to the Johnsonville Elementary School. The additional classrooms will add the capacity to accommodate approximately 350 students.
NONMAJOR FUNDS - GOVERNMENTAL
Highland Elementary Gym Capital Project Fund - accounts for the 2009 Certificate of Participation proceeds received for the construction of a new 9,903 square-foot gymnasium at Highland Elementary School, located on Buffalo Lake Road in Highland in the western portion of the County. Angier Elementary School Capital Project Fund - accounts for the expenditures and revenues associated with school construction projects.
Law Enforcement Expansion Capital Project Fund - accounts for the expenditures
and revenues for the construction of a new law enforcement center/detention facility.
Airport Overlay Zoning Fund - accounts for the expenditures and revenues for the Land Use Compatibility Zoning Plan better known as the “Airport Overlay Zoning District” and for the preliminary engineering/design for the airport pavement rehabilitation project. Campo Pedestrian Trail - accounts for the expenditures and revenues to undertake a pedestrian oriented project within Harnett County. This project is located at the campus of Harnett Central Middle and High Schools and Neil’s Creek Park and is intended to serve as a safe mode of pedestrian transportation throughout the campus Good Hope Mental Health Fund - accounts for the expenditures and revenues for the renovation of the Good Hope Hospital into a 16-bed mental health facility project. Single Family – accounts for the expenditures and revenues of the rehabilitation of scattered site single family housing units owned and occupied by low and very low income elderly and/or disabled homeowners. Airport Runway Reimbursement Project – accounts for the expenditures and revenues for a grant awarded by the NC Aeronautics Council to reimburse the County for meals and materials provided to the military for Runway extension grading in a previous year. Airport Hangar Development Planning & Preliminary Engineering Project - accounts for the expenditures and revenues to provide an engineering study of the airport.
NONMAJOR FUNDS - GOVERNMENTAL
Airport Stormwater Pollution Plan and Spill Prevention – accounts for expenditures and revenues used to support the Airport’s requirement to comply with their NDES General Storm Water permit. Scattered Site Housing II – accounts for expenditures and revenues used to account for activities for addressing the most critical housing needs of very low income, owner occupied household with incomes at or below 50% of median incomes. Airport Taxiway & Apron Rehab – accounts for expenditures and revenues used to account for activities related to the runway, taxiway and apron pavement rehabilitation and strengthening to address cracking, oxidation and other pavement distress. .
HARNETT COUNTY, NORTH CAROLINA
NONMAJOR CAPITAL PROJECT FUNDS
COMBINING BALANCE SHEET
JUNE 30, 2012
Land
Transportation Acquisition Barbeque School Emergency Boone Harnett Johnsonville
Facility and Runway Creek Improvements Service Trail Central Elementary
Design Safety Park QZAB III Response Elementary High School School
Assets:
Cash and investments 29,390$ -$ -$ -$ 8,394$ -$ -$ -$
Accounts receivable, net - 3,374 - - - - - -
Due from other funds - - - - - - - -
Restricted assets:
Cash and cash equivalents - - - 1,223 - 326,098 52,454 51,721
Total assets 29,390$ 3,374$ -$ 1,223$ 8,394$ 326,098$ 52,454$ 51,721$
Liabilities and Fund Balances:
Liabilities:
Accounts payable
and accrued liabilities -$ 12,100$ -$ -$ 10,000$ -$ -$ -$
Due to other funds - - - - - - - -
Total liabilities - 12,100 - - 10,000 - - -
Fund Balances:
Restricted for stabilization
for State statute - 3,374 - - - - - -
Restricted for education - - - - - 326,098 52,454 51,721
Restricted for public safety - - - 1,223 - - - -
Committed 29,390 - - - - - - -
Unassigned - (12,100) - - (1,606) - - -
Total fund balances 29,390 (8,726) - 1,223 (1,606) 326,098 52,454 51,721
Total liabilities and fund balances 29,390$ 3,374$ -$ 1,223$ 8,394$ 326,098$ 52,454$ 51,721$
110
Schedule E-1
Highland Angier Law Airport Campo Good Hope Airport Hangar Scattered Taxiway
Elementary Elementary Enforcement Overlay Pedestrian Mental Single Runway Planning Airport Site & Apron
School Gym School Expansion Zoning Trail Health Family Reimburse Eng SWPP Housing II Rehab Total
-$ 66,064$ -$ 13,807$ 13,285$ 21,781$ -$ 11,770$ 46$ 357$ 1$ 17,675$ 182,570$
- - - - - - 22,740 - 3,980 3,216 - - 33,310
- - 429,645 - - - - - - - - - 429,645
33,360 - - - - - - - - - - - 464,856
33,360$ 66,064$ 429,645$ 13,807$ 13,285$ 21,781$ 22,740$ 11,770$ 4,026$ 3,573$ 1$ 17,675$ 1,110,381$
-$ -$ -$ -$ -$ 4,540$ 78,070$ -$ -$ 3,573$ -$ -$ 108,283$
- - - - - - 22,740 - 4,000 - 363 - 27,103
- - - - - 4,540 100,810 - 4,000 3,573 363 - 135,386
- - 429,645 - - - 22,740 - 3,980 3,216 - - 462,955
33,360 66,064 - - - - - - - - - - 529,697
- - - - - - - - - - - - 1,223
- - - 13,807 13,285 17,241 - 11,770 - - - 17,675 103,168
- - - - - - (100,810) - (3,954) (3,216) (362) - (122,048)
33,360 66,064 429,645 13,807 13,285 17,241 (78,070) 11,770 26 - (362) 17,675 974,995
33,360$ 66,064$ 429,645$ 13,807$ 13,285$ 21,781$ 22,740$ 11,770$ 4,026$ 3,573$ 1$ 17,675$ 1,110,381$
111
HARNETT COUNTY, NORTH CAROLINA
NONMAJOR CAPITAL PROJECT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2012
Land
Transportation Acquisition Barbeque School Emergency Boone Harnett Johnsonville
Facility and Runway Creek Improvements Services Trail Central Elementary
Design Safety Park QZAB III Renovation Elementary High School School
Revenues:
Restricted intergovernmental (32,362)$ 32,090$ -$ -$ -$ -$ -$ -$
Investment earnings 4 - - 3 5 20 2 4
Miscellaneous - - - - - - - -
Total revenues (32,358) 32,090 - 3 5 20 2 4
Expenditures:
Current:
General government - 40,816 - - - - 148,549 -
Economic and physical development - - - - - - - -
Human services - - - - - - - -
Education - - - - - 43,452 - -
Total expenditures - 40,816 - - - 43,452 148,549 -
Revenues over (under) expenditures (32,358) (8,726) - 3 5 (43,432) (148,547) 4
Other Financing Sources (Uses):
Transfers in - - - - - - - -
Transfers out - - (36,265) - - (1,228,563) (1,050,159) (750,510)
Total other financing sources (uses) - - (36,265) - - (1,228,563) (1,050,159) (750,510)
Net change in fund balances (32,358) (8,726) (36,265) 3 5 (1,271,995) (1,198,706) (750,506)
Fund Balances:
Beginning of year - July 1 61,748 - 36,265 1,220 (1,611) 1,598,093 1,251,160 802,227
End of year - June 30 29,390$ (8,726)$ -$ 1,223$ (1,606)$ 326,098$ 52,454$ 51,721$
112
Schedule E-2
Highland Angier Law Airport Campo Good Hope Airport Hangar Scattered Taxiway
Elementary Elementary Enforcement Overlay Pedestrian Mental Single Runway Planning Airport Site & Apron
School Gym School Expansion Zoning Trail Health Family Reimburse Eng SWPP Housing II Rehab Total
-$ -$ -$ -$ -$ -$ 225,582$ -$ 46,304$ 18,466$ -$ -$ 290,080$
6 - 123 7 7 18 - - - - - - 199
- - - - - - - - - 91 - - 91
6 - 123 7 7 18 225,582 - 46,304 18,557 - - 290,370
.
- - - - - - - - - - - - 189,365
- - - - - - 297,761 - 51,448 20,609 362 - 370,180
- - - - - 19,487 - - - - - - 19,487
- - - - - - - - - - - - 43,452
- - - - - 19,487 297,761 - 51,448 20,609 362 - 622,484
6 - 123 7 7 (19,469) (72,179) - (5,144) (2,052) (362) - (332,114)
- - - - - - - 11,770 5,170 2,052 - 17,675 36,667
(165,994) - (46,707) - - - - - - - - - (3,278,198)
(165,994) - (46,707) - - - - 11,770 5,170 2,052 - 17,675 (3,241,531)
(165,988) - (46,584) 7 7 (19,469) (72,179) 11,770 26 - (362) 17,675 (3,573,645)
199,348 66,064 476,229 13,800 13,278 36,710 (5,891) - - - - - 4,548,640
33,360$ 66,064$ 429,645$ 13,807$ 13,285$ 17,241$ (78,070)$ 11,770$ 26$ -$ (362)$ 17,675$ 974,995$
113
Schedule E-3
HARNETT COUNTY, NORTH CAROLINA
TRANSPORTATION FACILITY DESIGN
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Investment earnings 7,500$ 7,462$ 4$ 7,466$ (34)$
Restricted intergovernmental revenues 607,588 599,585 (32,362) 567,223 (40,365)
Sales tax refund 4,288 9,459 - 9,459 5,171
Total revenues 619,376 616,506 (32,358) 584,148 (35,228)
Expenditures:
General government:
Legal and administrative 5,802 5,559 - 5,559 243
Engineering 33,643 32,144 - 32,144 1,499
Construction 564,000 564,000 - 564,000 -
Fencing and landscape 42,876 - - - 42,876
Miscellaneous 5,654 5,654 - 5,654 -
Total expenditures 651,975 607,357 - 607,357 44,618
Revenues over (under) expenditures (32,599) 9,149 (32,358) (23,209) 9,390
Other Financing Sources (Uses):
Transfers in/out 32,599 52,599 - 52,599 20,000
Total other financing sources (uses) 32,599 52,599 - 52,599 20,000
Net change in fund balance -$ 61,748$ (32,358) 29,390$ 29,390$
Fund Balance:
Beginning of year - July 1 61,748
End of year - June 30 29,390$
Actual
114
Schedule E-4
HARNETT COUNTY, NORTH CAROLINA
LAND ACQUISITION AND RUNWAY SAFETY
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Restricted intergovernmental 405,000$ 257,841$ 32,090$ 289,931$ (115,069)$
Total revenues 405,000 257,841 32,090 289,931 (115,069)
Expenditures:
General government:
Engineering 169,418 22,260 40,816 63,076 106,342
Construction 235,582 235,581 - 235,581 1
Total expenditures 405,000 257,841 40,816 298,657 106,343
Net change in fund balance -$ -$ (8,726) (8,726)$ (8,726)$
Fund Balance:
Beginning of year - July 1 -
End of year, June 30 (8,726)$
Actual
115
Schedule E-5
HARNETT COUNTY, NORTH CAROLINA
BARBEQUE CREEK PARK
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Restricted Intergovernmental 479,092$ 479,091$ -$ 479,091$ (1)$
Investment earnings 265 265 - 265 -
Sales tax refund 24,564 24,564 - 24,564 -
Total revenues 503,921 503,920 - 503,920 (1)
Expenditures:
General government:
Engineering 104,725 104,725 - 104,725 -
Construction 713,818 713,817 - 713,817 1
Materials and supplies 149,113 149,113 - 149,113 -
Total expenditures 967,656 967,655 - 967,655 1
Revenues over (under) expenditures (463,735) (463,735) - (463,735) -
Other Financing Sources (Uses):
Transfers in/out 463,735 500,000 (36,265) 463,735 -
Total other financing sources (uses) 463,735 500,000 (36,265) 463,735 -
Net change in fund balance -$ 36,265$ (36,265) -$ -$
Fund Balance:
Beginning of year - July 1 36,265
End of year - June 30 -$
Actual
116
Schedule E-6
HARNETT COUNTY, NORTH CAROLINA
SCHOOL IMPROVEMENTS QZAB III
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Investment earnings 3,500$ 3,563$ 3$ 3,566$ 66$
Total revenues 3,500 3,563 3 3,566 66
Expenditures:
General government:
Construction 791,845 791,843 - 791,843 2
Contingency 1,155 - - - 1,155
Total expenditures 793,000 791,843 - 791,843 1,157
Revenues over (under) expenditures (789,500) (788,280) 3 (788,277) 1,223
Other Financing Sources (Uses):
Bond issuance 789,500 789,500 - 789,500 -
Total other financing sources (uses) 789,500 789,500 - 789,500 -
Net change in fund balance -$ 1,220$ 3 1,223$ 1,223$
Fund Balance:
Beginning of year - July 1 1,220
End of year - June 30 1,223$
Actual
117
Schedule E-7
HARNETT COUNTY, NORTH CAROLINA
EMERGENCY SERVICES RENOVATION
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Restricted intergovernmental 10,000$ 10,000$ -$ 10,000$ -$
Investment earnings - 233 5 238 238
Miscellaneous 21,000 19,153 - 19,153 (1,847)
Total revenues 31,000 29,386 5 29,391 (1,609)
Expenditures:
Public safety:
Legal and administrative 1,675 1,675 - 1,675 -
Engineering 72,523 72,522 - 72,522 1
Construction 638,300 638,300 - 638,300 -
Materials and supplies 8,598 62,555 - 62,555 (53,957)
Capital outlay 123,505 69,546 - 69,546 53,959
Total expenditures 844,601 844,598 - 844,598 3
Revenues over (under) expenditures (813,601) (815,212) 5 (815,207) (1,606)
Other Financing Sources (Uses):
Transfers in 813,601 813,601 - 813,601 -
Total other financing sources (uses) 813,601 813,601 - 813,601 -
Net change in fund balance -$ (1,611)$ 5 (1,606)$ (1,606)$
Fund Balance:
Beginning of year - July 1 (1,611)
End of year - June 30 (1,606)$
Actual
118
Schedule E-8
HARNETT COUNTY, NORTH CAROLINA
BOONE TRAIL ELEMENTARY
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Investment earnings -$ 80,804$ 20$ 80,824$ 80,824$
Sales tax refund - 119,871 - 119,871 119,871
Total revenues - 200,675 20 200,695 200,695
Expenditures:
General government:
Legal and administrative 3,618 3,618 - 3,618 -
Engineering 798,284 794,146 - 794,146 4,138
Construction 15,133,266 14,732,313 - 14,732,313 400,953
Materials and supplies 2,705,129 2,407,976 43,452 2,451,428 253,701
Debt issue costs 458,841 457,606 - 457,606 (1,235)
Total expenditures 19,099,138 18,395,659 43,452 18,439,111 660,027
Revenues over (under) expenditures (19,099,138) (18,194,984) (43,432) (18,238,416) 860,722
Other Financing Sources (Uses):
Transfer out (1,267,728) (573,788) (1,228,563) (1,802,351) (534,623)
Bond premium 374,115 374,115 - 374,115 -
Bond issuance 19,992,751 19,992,750 - 19,992,750 (1)
Total other financing sources (uses) 19,099,138 19,793,077 (1,228,563) 18,564,514 (534,624)
Net change in fund balance -$ 1,598,093$ (1,271,995) 326,098$ 326,098$
Fund Balance:
Beginning of year - July 1 1,598,093
End of year, June 30 326,098$
Actual
119
Schedule E-9
HARNETT COUNTY, NORTH CAROLINA
HARNETT CENTRAL HIGH SCHOOL
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Investment earnings -$ 39,642$ 2$ 39,644$ 39,644$
Sales tax refund - 12,806 - 12,806 12,806
Total revenues - 52,448 2 52,450 52,450
Expenditures:
General government:
Legal and administrative 1,085 1,084 - 1,084 1
Engineering 650,595 649,095 1,500 650,595 -
Construction 8,008,335 7,925,358 82,975 8,008,333 2
Materials and supplies 68,730 4,656 64,074 68,730 -
Debt issue costs 225,872 225,871 - 225,871 (1)
Total expenditures 8,954,617 8,806,064 148,549 8,954,613 4
Revenues over (under) expenditures (8,954,617) (8,753,616) (148,547) (8,902,163) 52,454
Other Financing Sources (Uses):
Transfer in/out (1,050,159) - (1,050,159) (1,050,159) -
Bond premium 183,776 183,776 - 183,776 -
Bond issuance 9,821,000 9,821,000 - 9,821,000 -
Total other financing sources (uses) 8,954,617 10,004,776 (1,050,159) 8,954,617 -
Net change in fund balance -$ 1,251,160$ (1,198,706) 52,454$ 52,454$
Fund Balance:
Beginning of year - July 1 1,251,160
End of year - June 30 52,454$
Actual
120
Schedule E-10
HARNETT COUNTY, NORTH CAROLINA
JOHNSONVILLE ELEMENTARY SCHOOL
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Investment earnings -$ 15,585$ 4$ 15,589$ 15,589$
Miscellaneous - 16,133 - 16,133 16,133
Total revenues - 31,718 4 31,722 31,722
Expenditures:
General government:
Legal and administrative 1,913 1,912 - 1,912 1
Engineering 244,291 215,451 - 215,451 28,840
Construction 2,210,194 2,210,194 - 2,210,194 -
Materials and supplies 635,230 534,779 - 534,779 100,451
Debt issue costs 88,310 88,310 - 88,310 -
Total expenditures 3,179,938 3,050,646 - 3,050,646 129,292
Revenues over (under) expenditures (3,179,938) (3,018,928) 4 (3,018,924) 161,014
Other Financing Sources (Uses):
Transfers out (750,510) (109,293) (750,510) (859,803) (109,293)
Bond premium 72,198 72,198 - 72,198 -
Bond issuance 3,858,250 3,858,250 - 3,858,250 -
Total other financing sources (uses) 3,179,938 3,821,155 (750,510) 3,070,645 (109,293)
Net change in fund balance -$ 802,227$ (750,506) 51,721$ 51,721$
Fund Balance:
Beginning of year - July 1 802,227
End of year - June 30 51,721$
Actual
121
Schedule E-11
HARNETT COUNTY, NORTH CAROLINA
HIGHLAND ELEMENTARY SCHOOL GYMSCHEDULE OF REVENUES, EXPENDITURES, AND CHANGESIN FUND BALANCE - BUDGET AND ACTUALFROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to VarianceAuthorization Years Year Date Over/Under
Revenues:Investment earnings -$ 5,702$ 6$ 5,708$ 5,708$ Miscellaneous 5,800 27,056 - 27,056 21,256
Total revenues 5,800 32,758 6 32,764 26,964
Expenditures:General government:Legal and administrative 1,171 1,172 - 1,172 (1) Engineering 112,911 112,911 - 112,911 - Construction 1,116,521 1,116,468 - 1,116,468 53 Materials and supplies 5,747 - - - 5,747 Debt issue costs 32,113 32,113 - 32,113 -
Total expenditures 1,268,463 1,262,664 - 1,262,664 5,799
Revenues over (under) expenditures (1,262,663) (1,229,906) 6 (1,229,900) 32,763
Other Financing Sources (Uses):Transfer out (166,591) - (165,994) (165,994) 597 Bond premium - 26,254 - 26,254 26,254 Bond issuance 1,429,254 1,403,000 - 1,403,000 (26,254)
Total other financing sources (uses) 1,262,663 1,429,254 (165,994) 1,263,260 597
Net change in fund balance -$ 199,348$ (165,988) 33,360$ 33,360$
Fund Balance:Beginning of year - July 1 199,348
End of year - June 30 33,360$
Actual
122
Schedule E-12
HARNETT COUNTY, NORTH CAROLINA
ANGIER ELEMENTARY SCHOOL
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Investment earnings 98,347$ 98,981$ -$ 98,981$ 634$
Sales tax 311,650 344,315 - 344,315 32,665
Total revenues 409,997 443,296 - 443,296 33,299
Expenditures:
General government:
Legal and administrative 1,111 1,111 - 1,111 -
Engineering 984,984 984,982 - 984,982 2
Construction 13,418,224 13,385,461 - 13,385,461 32,763
Materials and supplies 596,791 596,791 - 596,791 -
Debt issue costs 31,655 31,655 - 31,655 -
Total expenditures 15,032,765 15,000,000 - 15,000,000 32,765
Revenues over (under) expenditures (14,622,768) (14,556,704) - (14,556,704) 66,064
Other Financing Sources (Uses):
Transfers out (377,232) (377,232) - (377,232) -
Bond issuance 15,000,000 15,000,000 - 15,000,000 -
Total other financing sources (uses) 14,622,768 14,622,768 - 14,622,768 -
Net change in fund balance -$ 66,064$ - 66,064$ 66,064$
Fund Balance:
Beginning of year - July 1 66,064
End of year - June 30 66,064$
Actual
123
Schedule E-13
HARNETT COUNTY, NORTH CAROLINA
LAW ENFORCEMENT EXPANSION
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Investment earnings 958,175$ 1,053,608$ 123$ 1,053,731$ 95,556$
Miscellaneous 446,122 446,121 - 446,121 (1)
Total revenues 1,404,297 1,499,729 123 1,499,852 95,555
Expenditures:
Public safety:
Legal and administrative 3,958 3,957 - 3,957 1
Engineering 1,569,049 1,477,439 - 1,477,439 91,610
Construction 22,028,323 21,742,620 - 21,742,620 285,703
Materials and supplies 769,610 766,127 - 766,127 3,483
Professional services 112,861 112,861 - 112,861 -
Capital outlay 48,068 48,068 - 48,068 -
Debt issue costs 376,164 376,164 - 376,164 -
Total expenditures 24,908,033 24,527,236 - 24,527,236 380,797
Revenues over (under) expenditures (23,503,736) (23,027,507) 123 (23,027,384) 476,352
Other Financing Sources (Uses):
Transfers in 1,346,800 1,346,800 - 1,346,800 -
Transfers out (1,973,197) (1,973,197) (46,707) (2,019,904) (46,707)
Bond premium 909,908 909,908 - 909,908 -
Bond issuance 23,220,225 23,220,225 - 23,220,225 -
Total other financing sources (uses) 23,503,736 23,503,736 (46,707) 23,457,029 (46,707)
Net change in fund balance -$ 476,229$ (46,584) 429,645$ 429,645$
Fund Balance:
Beginning of year - July 1 476,229
End of year - June 30 429,645$
Actual
124
Schedule E-14
HARNETT COUNTY, NORTH CAROLINA
AIRPORT OVERLAY ZONING PROJECT
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Restricted intergovernmental 150,000$ 25,920$ -$ 25,920$ (124,080)$
Investment earnings - 13 7 20 20
Total revenues 150,000 25,933 7 25,940 (124,060)
Expenditures:
Economic and physical development:
Engineering 161,107 23,240 - 23,240 137,867
Construction 5,560 5,560 - 5,560 -
Total expenditures 166,667 28,800 - 28,800 137,867
Revenues over (under) expenditures (16,667) (2,867) 7 (2,860) 13,807
Other Financing Sources (Uses):
Transfers in 16,667 16,667 - 16,667 -
Total other financing sources (uses) 16,667 16,667 - 16,667 -
Net change in fund balance -$ 13,800$ 7 13,807$ 13,807$
Fund Balance:
Beginning of year - July 1 13,800
End of year - June 30 13,807$
Actual
125
Schedule E-15
HARNETT COUNTY, NORTH CAROLINA
CAMPO PEDESTRIAN TRAIL PROJECT
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Restricted intergovernmental 53,050$ -$ -$ -$ (53,050)$
Investment earnings - 15 7 22 22
Total revenues 53,050 15 7 22 (53,028)
Expenditures:
Economic and physical development:
Engineering 5,305 - - - 5,305
Construction 61,008 - - - 61,008
Total expenditures 66,313 - - - 66,313
Revenues over (under) expenditures (13,263) 15 7 22 13,285
Other Financing Sources (Uses):
Transfers in 13,263 13,263 - 13,263 -
Total other financing sources (uses) 13,263 13,263 - 13,263 -
Net change in fund balance -$ 13,278$ 7 13,285$ 13,285$
Fund Balance:
Beginning of year - July 1 13,278
End of year, June 30 13,285$
Actual
126
Schedule E-16
HARNETT COUNTY, NORTH CAROLINA
GOOD HOPE MENTAL HEALTH PROJECT
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Investment earnings -$ 133$ 18$ 151$ 151$
Total revenues - 133 18 151 151
Expenditures:
Human services:
Engineering 180,000 143,423 19,487 162,910 17,090
Total expenditures 180,000 143,423 19,487 162,910 17,090
Revenues over (under) expenditures (180,000) (143,290) (19,469) (162,759) 17,241
Other Financing Sources (Uses):
Transfers in 180,000 180,000 - 180,000 -
Total other financing sources (uses) 180,000 180,000 - 180,000 -
Net change in fund balance -$ 36,710$ (19,469) 17,241$ 17,241$
Fund Balance:
Beginning of year - July 1 36,710
End of year - June 30 17,241$
Actual
127
Schedule E-17
HARNETT COUNTY, NORTH CAROLINA
SINGLE FAMILY
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Restricted intergovernmental 423,873$ 13,618$ 225,582$ 239,200$ (184,673)$
Total revenues 423,873 13,618 225,582 239,200 (184,673)
Expenditures:
Economic and physical development:
Rehabilitation 423,873 19,509 297,761 317,270 106,603
Total expenditures 423,873 19,509 297,761 317,270 106,603
Net change in fund balance -$ (5,891)$ (72,179) (78,070)$ (78,070)$
Fund Balance:
Beginning of year - July 1 (5,891)
End of year - June 30 (78,070)$
Actual
128
Schedule E-18
HARNETT COUNTY, NORTH CAROLINA
AIRPORT RUNWAY REIMBURSE
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Restricted intergovernmental 105,930$ -$ -$ -$ (105,930)$
Total revenues 105,930 - - - (105,930)
Expenditures:
Economic and physical development:
Engineering 7,200 - - - 7,200
Construction 110,500 - - - 110,500
Total expenditures 117,700 - - - 117,700
Revenues over (under) expenditures (11,770) - - - 11,770
Other Financing Sources (Uses):
Transfers in 11,770 - 11,770 11,770 -
Total other financing sources (uses) 11,770 - 11,770 11,770 -
Net change in fund balance -$ -$ 11,770 11,770$ 11,770$
Fund Balance:
Beginning of year - July 1 -
End of year, June 30 11,770$
Actual
129
Schedule E-19
HARNETT COUNTY, NORTH CAROLINA
HANGAR PLANNING/ENG
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Restricted intergovernmental 46,530$ -$ 46,304$ 46,304$ (226)$
Total revenues 46,530 - 46,304 46,304 (226)
Expenditures:
Economic and physical development:
Engineering 51,700 - 51,448 51,448 252
Total expenditures 51,700 - 51,448 51,448 252
Revenues over (under) expenditures (5,170) - (5,144) (5,144) 26
Other Financing Sources (Uses):
Transfers in 5,170 - 5,170 5,170 -
Total other financing sources (uses) 5,170 - 5,170 5,170 -
Net change in fund balance -$ -$ 26 26$ 26$
Fund Balance:
Beginning of year - July 1 -
End of year, June 30 26$
Actual
130
Schedule E-20
HARNETT COUNTY, NORTH CAROLINA
AIRPORT SWPPSCHEDULE OF REVENUES, EXPENDITURES, AND CHANGESIN FUND BALANCE - BUDGET AND ACTUALFROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to VarianceAuthorization Years Year Date Over/Under
Revenues:Restricted intergovernmental 18,466$ -$ 18,466$ 18,466$ -$
Miscellaneous - - 91 91 91
Total revenues 18,466 - 18,557 18,557 91
Expenditures:Economic and physical development:Engineering 15,590 - 15,590 15,590 - Construction 3,997 - 3,573 3,573 424
Materials and supplies 2,220 - 1,446 1,446 774
Total expenditures 21,807 - 20,609 20,609 1,198
Revenues over (under) expenditures (3,341) - (2,052) (2,052) 1,289
Other Financing Sources (Uses):Transfers in 3,341 - 2,052 2,052 (1,289)
Total other financing sources (uses) 3,341 - 2,052 2,052 (1,289)
Net change in fund balance -$ -$ - -$ -$
Fund Balance:Beginning of year - July 1 -
End of year, June 30 -$
Actual
131
Schedule E-21
HARNETT COUNTY, NORTH CAROLINA
SCATTERED SITE HOUSING II
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Restricted intergovernmental 400,000$ -$ -$ -$ (400,000)$
Total revenues 400,000 - - - (400,000)
Expenditures:
Economic and physical development:
Legal and administrative 40,000 - - - 40,000
Rehabilitation 360,000 - 362 362 359,638
Total expenditures 400,000 - 362 362 399,638
Net change in fund balance -$ -$ (362) (362)$ (362)$
Fund Balance:
Beginning of year - July 1 -
End of year, June 30 (362)$
Actual
132
Schedule E-22
HARNETT COUNTY, NORTH CAROLINA
TAXI & APRON REHABSCHEDULE OF REVENUES, EXPENDITURES, AND CHANGESIN FUND BALANCE - BUDGET AND ACTUALFROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to VarianceAuthorization Years Year Date Over/Under
Revenues:Restricted intergovernmental 235,914$ -$ -$ -$ (235,914)$
Total revenues 235,914 - - - (235,914)
Expenditures:Economic and physical development:Legal and administrative 1,200 - - - 1,200
Engineering 260,927 - - - 260,927
Total expenditures 262,127 - - - 262,127
Revenues over (under) expenditures (26,213) - - - 26,213
Other Financing Sources (Uses):Transfers in 26,213 - 17,675 17,675 (8,538)
Total other financing sources (uses) 26,213 - 17,675 17,675 (8,538)
Net change in fund balance -$ -$ 17,675 17,675$ 17,675$
Fund Balance:Beginning of year - July 1 -
End of year, June 30 17,675$
Actual
133
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ENTERPRISE FUNDS
Enterprise Funds account for operations financed and operated in a manner similar to private business enterprises - where the costs of providing services are financed primarily through user charges. Harnett County maintains one enterprise fund to account for the operations of the water and sewer districts. The County maintains ten additional funds to account for the debt service for each district. The County maintains a separate enterprise fund for the operations of the landfill. INDIVIDUAL FUND DESCRIPTIONS: Harnett County Public Utilities Fund - accounts for the operations of the ten water and sewer districts, which provide water and sewer to the residents of the County. Individual Water and Sewer Funds - accounts for the debt service for each of the water and sewer districts. These funds are the Northeast Metro Water and Sewer District, the Buies Creek / Coats Sewer District, the South Central Water and Sewer District, the West Central Water and Sewer District, the Northwest Water and Sewer District, the Southwest Water and Sewer District, the Bunnlevel Riverside Water and Sewer District, the Southeast Water and Sewer District, the East Central Water and Sewer District, and Riverside Water and Sewer District. Solid Waste Management Fund - accounts for the operations of the Harnett County Landfill.
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Schedule F-1
Page 1 of 2HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - WATER AND SEWER FUND
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Revenues:
Operating revenues:
Water and sewer sales 21,139,766$ 23,586,918$ 2,447,152$
Water and sewer taps 315,000 350,033 35,033
Johnson County 3,600 7,406 3,806
Other operating revenues 2,105,306 3,656,915 1,551,609
Total operating revenues 23,563,672 27,601,272 4,037,600
Non-operating revenues:
Interest earned on investments 5,000 6,147 1,147
Total revenues 23,568,672 27,607,419 4,038,747
Expenditures:
Salaries and employee benefits 5,812,138 5,178,420 633,718
Purchased water 130,000 102,047 27,953
Sewage treatment 1,960,531 1,452,952 507,579
Other operating expenses 8,860,607 6,579,321 2,281,286
Capital outlay 787,140 787,140 -
Debt service:
Debt principal 3,065,766 3,800,711 (734,945)
Interest and fees 4,076,940 3,763,654 313,286
Total expenditures 24,693,122 21,664,245 3,028,877
Revenues over (under) expenditures (1,124,450) 5,943,174 7,067,624
Other Financing Sources (Uses):
Debt issued - 21,973,676 21,973,676
Payments to escrow agents 743,310 (755,000) (1,498,310)
Appropriated fund balance 2,762,371 - (2,762,371)
Transfers in - 34,127 34,127
Transfers out (2,381,231) (2,381,231) -
Total other financing sources (uses) 1,124,450 18,871,572 17,747,122
Revenues and other financing sources over
(under) expenditures and other financing uses -$ 24,814,746$ 24,814,746$
134
Schedule F-1
Page 2 of 2HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - WATER AND SEWER FUND
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual:
Revenues and other financing sources over
(under) expenditures and other financing uses 24,814,746$
Reconciling items:
Debt principal 4,555,711
Loan issued (21,973,676)
Amortization
Increase in compensated absences (20,457)
Increase in other post-employment benefits (174,235)
Capital contribution 14,689,325
Contributed asset 4,057,628
Expense from projects (103,526)
Interest and fees from project (823,815)
Transfers in from projects 4,590,504
Transfers out from projects (34,127)
Capital outlay 787,140
Depreciation (5,248,377)
Change in net assets 25,116,841$
135
Schedules F-2
HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - NON-OPERATING ENTERPRISE FUND - NORTH EAST METRO
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Expenditures:
Debt principal 442,500$ 442,500$ -$
Interest and fees 78,790 75,348 3,442
Total expenditures 521,290 517,848 3,442
Revenues over (under) expenditures (521,290) (517,848) 3,442
Other Financing Sources (Uses):
Capital lease transfer in 521,290 517,848 (3,442)
Total other financing sources (uses) 521,290 517,848 (3,442)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ -$ -$
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual:
Revenues and other financing sources over
(under) expenditures and other financing uses -$
Reconciling items:
Debt principal 442,500
Reduction in investment in
direct financing lease receivable (442,500)
Change in net assets -$
136
Schedule F-3
HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - NON-OPERATING ENTERPRISE FUND - BUIES CREEK/COATS
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Expenditures:
Debt principal 100,000$ 100,000$ -$
Interest and fees 5,700 5,225 475
Total expenditures 105,700 105,225 475
Revenues over (under) expenditures (105,700) (105,225) 475
Other Financing Sources (Uses):
Capital lease transfer in 105,700 105,225 (475)
Total other financing sources (uses) 105,700 105,225 (475)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ -$ -$
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual:
Revenues and other financing sources over
(under) expenditures and other financing uses -$
Reconciling items:
Debt principal 100,000
Reduction in investment in
direct financing lease receivable (100,000)
Change in net assets -$
137
Schedule F-4
HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - NON-OPERATING ENTERPRISE FUND - SOUTH CENTRAL
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Expenditures:
Debt principal 321,320$ 321,320$ -$
Interest and fees 500,612 116,159 384,453
Total expenditures 821,932 437,479 384,453
Revenues over (under) expenditures (821,932) (437,479) 384,453
Other Financing Sources (Uses):
Capital lease transfer in 821,932 437,479 (384,453)
Total other financing sources (uses) 821,932 437,479 (384,453)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ -$ -$
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual:
Revenues and other financing sources over
(under) expenditures and other financing uses -$
Reconciling items:
Debt principal 321,320
Reduction in investment in
direct financing lease receivable (321,320)
Change in net assets -$
138
Schedule F-5
HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - NON-OPERATING ENTERPRISE FUND - WEST CENTRAL
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Expenditures:
Debt principal 90,000$ 90,000$ -$
Interest and fees 87,703 87,421 282
Total expenditures 177,703 177,421 282
Revenues over (under) expenditures (177,703) (177,421) 282
Other Financing Sources (Uses):
Capital lease transfer in 177,703 177,421 (282)
Total other financing sources (uses) 177,703 177,421 (282)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ -$ -$
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual:
Revenues and other financing sources over
(under) expenditures and other financing uses -$
Reconciling items:
Debt principal 90,000
Reduction in investment in
direct financing lease receivable (90,000)
Change in net assets -$
139
Schedule F-6
HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - NON-OPERATING ENTERPRISE FUND - NORTHWEST
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Expenditures:
Debt principal 125,000$ 125,000$ -$
Interest and fees 71,343 70,861 482
Total expenditures 196,343 195,861 482
Revenues over (under) expenditures (196,343) (195,861) 482
Other Financing Sources (Uses):
Capital lease transfer in 196,343 195,861 (482)
Total other financing sources (uses) 196,343 195,861 (482)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ -$ -$
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual:
Revenues and other financing sources over
(under) expenditures and other financing uses -$
Reconciling items:
Debt principal 125,000
Reduction in investment in
direct financing lease receivable (125,000)
Change in net assets -$
140
Schedule F-7
HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - NON-OPERATING ENTERPRISE FUND - SOUTHWEST
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Expenditures:
Debt principal 486,343$ 486,342$ 1$
Interest and fees 202,550 199,806 2,744
Total expenditures 688,893 686,148 2,745
Revenues over (under) expenditures (688,893) (686,148) 2,745
Other Financing Sources (Uses):
Capital lease transfer in 688,893 686,148 (2,745)
Total other financing sources (uses) 688,893 686,148 (2,745)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ -$ -$
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual:
Revenues and other financing sources over
(under) expenditures and other financing uses -$
Reconciling items:
Debt principal 486,342
Reduction in investment in
direct financing lease receivable (486,342)
Change in net assets -$
141
Schedule F-8
HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - NON-OPERATING ENTERPRISE FUND - BUNNLEVEL/RIVERSIDE
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Expenditures:
Debt principal 13,680$ 13,680$ -$
Interest and fees 5,332 5,289 43
Total expenditures 19,012 18,969 43
Revenues over (under) expenditures (19,012) (18,969) 43
Other Financing Sources (Uses):
Capital lease transfer in 19,012 18,969 (43)
Total other financing sources (uses) 19,012 18,969 (43)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ -$ -$
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual:
Revenues and other financing sources over
(under) expenditures and other financing uses -$
Reconciling items:
Debt principal 13,680
Reduction in investment in
direct financing lease receivable (13,680)
Change in net assets -$
142
Schedule F-9
HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - NON-OPERATING ENTERPRISE FUND - SOUTHEAST
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Expenditures:
Debt principal 33,000$ 33,000$ -$
Interest and fees 57,554 57,413 141
Total expenditures 90,554 90,413 141
Revenues over (under) expenditures (90,554) (90,413) 141
Other Financing Sources (Uses):
Capital lease transfer in 90,554 90,413 (141)
Total other financing sources (uses) 90,554 90,413 (141)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ -$ -$
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual:
Revenues and other financing sources over
(under) expenditures and other financing uses -$
Reconciling items:
Debt principal 33,000
Reduction in investment in
direct financing lease receivable (33,000)
Change in net assets -$
143
Schedule F-10
HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - NON-OPERATING ENTERPRISE FUND - EAST CENTRAL
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Expenditures:
Debt principal 75,500$ 75,500$ -$
Interest and fees 155,745 155,422 323
Total expenditures 231,245 230,922 323
Revenues over (under) expenditures (231,245) (230,922) 323
Other Financing Sources (Uses):
Capital lease transfer in 231,245 230,922 (323)
Total other financing sources (uses) 231,245 230,922 (323)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ -$ -$
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual:
Revenues and other financing sources over
(under) expenditures and other financing uses -$
Reconciling items:
Debt principal 75,500
Reduction in investment in
direct financing lease receivable (75,500)
Change in net assets -$
144
Schedule F-11
HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - NON-OPERATING ENTERPRISE FUND - RIVERSIDE
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Expenditures:
Debt principal 18,500$ 18,500$ -$
Interest and fees 50,945 50,871 74
Total expenditures 69,445 69,371 74
Revenues under expenditures (69,445) (69,371) 74
Other Financing Sources (Uses):
Capital lease transfer in 69,445 69,371 (74)
Total other financing sources (uses) 69,445 69,371 (74)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ -$ -$
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual:
Revenues and other financing sources over
(under) expenditures and other financing uses -$
Reconciling items:
Debt principal 18,500
Reduction in investment in
direct financing lease receivable (18,500)
Change in net assets -$
145
Schedule F-12
HARNETT COUNTY, NORTH CAROLINA
SOUTH CENTRAL WASTEWATER CAPITAL PROJECT
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Sales tax refund 596,219$ 604,592$ 810$ 605,402$ 9,183$
Investment earnings 255,441 255,633 7 255,640 199
Restricted intergovernmental 6,034,519 6,034,519 - 6,034,519 -
Total revenues 6,886,179 6,894,744 817 6,895,561 9,382
Expenditures:
Construction 21,897,716 21,615,483 166,744 21,782,227 115,489
Legal and administration 113,209 111,094 - 111,094 2,115
Engineering 1,339,192 1,339,191 - 1,339,191 1
Materials and supplies 37,000 36,637 - 36,637 363
Land 839,999 827,730 - 827,730 12,269
Construction interest 1,936,353 1,828,366 247,607 2,075,973 (139,620)
Issuance cost 2,052 2,051 - 2,051 1
Total expenditures 26,165,521 25,760,552 414,351 26,174,903 (9,382)
Revenues over (under) expenditures (19,279,342) (18,865,808) (413,534) (19,279,342) -
Other Financing Sources (Uses):
Bond issuance 13,253,000 13,253,000 - 13,253,000 -
Transfers in - Enterprise Fund 6,026,342 5,557,852 468,490 6,026,342 -
Total other financing sources (uses) 19,279,342 18,810,852 468,490 19,279,342 -
Revenues and other financing sources over
(under) expenditures and other financing uses -$ (54,956)$ 54,956$ -$ -$
Actual
146
Schedule F-13
HARNETT COUNTY, NORTH CAROLINA
ERWIN WASTEWATER CAPITAL PROJECT
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Sales tax refund 800$ 5,114$ 161,340$ 166,454$ 165,654$
Investment earnings 14,130 15,678 345 16,023 1,893
Restricted intergovernmental 3,198,500 2,200,000 400,000 2,600,000 (598,500)
Total revenues 3,213,430 2,220,792 561,685 2,782,477 (430,953)
Expenditures:
Construction 8,362,692 2,287,104 4,048,852 6,335,956 2,026,736
Legal and administration 237,000 31,095 143,042 174,137 62,863
Engineering 1,073,404 800,060 184,480 984,540 88,864
Materials and supplies 256,319 243,004 - 243,004 13,315
Land 75,000 22,850 3,135 25,985 49,015
Interest 10,530 - - - 10,530
Contingency 547,585 - - - 547,585
Total expenditures 10,562,530 3,384,113 4,379,509 7,763,622 2,798,908
Revenues over (under) expenditures (7,349,100) (1,163,321) (3,817,824) (4,981,145) 2,367,955
Other Financing Sources (Uses):
Long-term debt issued 7,007,100 - 7,007,100 7,007,100 -
Transfers in - Enterprise Fund 1,800,000 1,800,000 - 1,800,000 -
Transfers out - Enterprise Fund (1,458,000) - - - 1,458,000
Total other financing sources (uses) 7,349,100 1,800,000 7,007,100 8,807,100 1,458,000
Revenues and other financing sources over
(under) expenditures and other financing uses -$ 636,679$ 3,189,276$ 3,825,955$ 3,825,955$
Actual
147
Schedule F-14
HARNETT COUNTY, NORTH CAROLINA
LAFAYETTE SCHOOL CAPITAL PROJECT
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Sales tax refund 3,000$ 11,346$ -$ 11,346$ 8,346$
Investment earnings 79,891 88,478 - 88,478 8,587
Total revenues 82,891 99,824 - 99,824 16,933
Expenditures:
Construction 830,077 830,078 - 830,078 (1)
Legal and administration 41,672 41,671 - 41,671 1
Engineering 116,266 116,266 - 116,266 -
Land 7,500 7,500 - 7,500 -
Interest 225,718 211,855 - 211,855 13,863
Total expenditures 1,221,233 1,207,370 - 1,207,370 13,863
Revenues over (under) expenditures (1,138,342) (1,107,546) - (1,107,546) 30,796
Other Financing Sources (Uses):
Bond issuance 1,010,089 1,010,089 - 1,010,089 -
Transfers in - Enterprise Fund 128,253 128,252 - 128,252 (1)
Transfers out - Enterprise Fund - - (30,795) (30,795) (30,795)
Total other financing sources (uses) 1,138,342 1,138,341 (30,795) 1,107,546 (30,796)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ 30,795$ (30,795)$ -$ -$
Actual
148
Schedule F-15
HARNETT COUNTY, NORTH CAROLINA
EAST CENTRAL IMPROVEMENTS CAPITAL PROJECT
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Sales tax refund 92,423$ 191,995$ 14,294$ 206,289$ 113,866$
Investment earnings 3,438 3,560 706 4,266 828
Restricted intergovernmental 547,500 273,500 274,000 547,500 -
Total revenues 643,361 469,055 289,000 758,055 114,694
Expenditures:
Construction 4,425,042 3,997,779 427,262 4,425,041 1
Legal and administration 101,523 100,174 - 100,174 1,349
Engineering 471,600 356,594 72,732 429,326 42,274
Materials and supplies 24,581 5,083 19,427 24,510 71
Land 83,000 76,241 904 77,145 5,855
Interest 102,063 - - - 102,063
Contingency 15,171 - - - 15,171
Total expenditures 5,222,980 4,535,871 520,325 5,056,196 166,784
Revenues over (under) expenditures (4,579,619) (4,066,816) (231,325) (4,298,141) 281,478
Other Financing Sources (Uses):
Loan issued 4,454,119 3,354,250 1,012,265 4,366,515 (87,604)
Transfers in - Enterprise Fund 275,500 275,500 - 275,500 -
Transfers out - Enterprise Fund (150,000) - - - 150,000
Total other financing sources (uses) 4,579,619 3,629,750 1,012,265 4,642,015 62,396
Revenues and other financing sources over
(under) expenditures and other financing uses -$ (437,066)$ 780,940$ 343,874$ 343,874$
Actual
149
Schedule F-16
HARNETT COUNTY, NORTH CAROLINA
FT. BRAGG WATER & WASTEWATER CAPITAL PROJECT
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Sales tax refund 800$ 582,333$ 503,593$ 1,085,926$ 1,085,126$
Investment earnings 28,476 32,331 2,281 34,612 6,136
Restricted intergovernmental 55,708,349 39,803,562 11,719,569 51,523,131 (4,185,218)
Total revenues 55,737,625 40,418,226 12,225,443 52,643,669 (3,093,956)
Expenditures:
Construction 49,941,796 32,312,599 14,050,873 46,363,472 3,578,324
Legal and administration 17,200 13,527 - 13,527 3,673
Engineering 5,284,525 3,894,410 1,246,408 5,140,818 143,707
Land 185,620 155,999 11,801 167,800 17,820
Contingency 308,484 - - - 308,484
Total expenditures 55,737,625 36,376,535 15,309,082 51,685,617 4,052,008
Revenues over (under) expenditures - 4,041,691 (3,083,639) 958,052 958,052
Other Financing Sources (Uses):
Transfers in - Enterprise Fund 450,000 450,000 - 450,000 -
Transfers out - Enterprise Fund (450,000) - - - 450,000
Total other financing sources (uses) - 450,000 - 450,000 450,000
Revenues and other financing sources over
(under) expenditures and other financing uses -$ 4,491,691$ (3,083,639)$ 1,408,052$ 1,408,052$
Actual
150
Schedule F-17
HARNETT COUNTY, NORTH CAROLINA
WATER PLANT EXPANSION CAPITAL PROJECT
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Sales tax refund 488,500$ 537,368$ 275$ 537,643$ 49,143$
Investment earnings 78,300 240,591 - 240,591 162,291
Restricted intergovernmental 35,392,521 35,165,558 116,713 35,282,271 (110,250)
Total revenues 35,959,321 35,943,517 116,988 36,060,505 101,184
Expenditures:
Construction 55,651,649 55,354,793 249,491 55,604,284 47,365
Legal and administration 116,265 103,831 500 104,331 11,934
Engineering 2,766,725 1,939,527 - 1,939,527 827,198
Furniture and fixtures 230,000 209,875 - 209,875 20,125
Land 180,000 175,607 - 175,607 4,393
Interest 4,121,173 3,862,249 - 3,862,249 258,924
Bond issuance 96,002 130,336 46,001 176,337 (80,335)
Total expenditures 63,161,814 61,776,218 295,992 62,072,210 1,089,604
Revenues over (under) expenditures (27,202,493) (25,832,701) (179,004) (26,011,705) 1,190,788
Other Financing Sources (Uses):
Bond issuance 26,470,000 24,176,286 - 24,176,286 (2,293,714)
Transfers in - Enterprise Fund 1,532,493 1,532,493 - 1,532,493 -
Transfers out - Enterprise Fund (800,000) - - - 800,000
Total other financing sources (uses) 27,202,493 25,708,779 - 25,708,779 (1,493,714)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ (123,922)$ (179,004)$ (302,926)$ (302,926)$
Actual
151
Schedule F-18
HARNETT COUNTY, NORTH CAROLINA
BUFFALO LAKES WASTEWATER CAPITAL PROJECT
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Sales tax refund 27,027$ 43,409$ 1,798$ 45,207$ 18,180$
Investment earnings 6,400 7,303 51 7,354 954
Restricted intergovernmental 420,000 420,000 - 420,000 -
Total revenues 453,427 470,712 1,849 472,561 19,134
Expenditures:
Construction 2,154,767 2,185,002 (30,235) 2,154,767 -
Legal and administration 15,874 3,338 - 3,338 12,536
Engineering 337,518 337,518 - 337,518 -
Materials and supplies 53,944 38,850 14,708 53,558 386
Land 32,530 32,043 - 32,043 487
Contingency 28,161 - - - 28,161
Total expenditures 2,622,794 2,596,751 (15,527) 2,581,224 41,570
Revenues over (under) expenditures (2,169,367) (2,126,039) 17,376 (2,108,663) 60,704
Other Financing Sources (Uses):
Transfers in - Enterprise Fund 2,169,367 2,169,367 - 2,169,367 -
Total other financing sources (uses) 2,169,367 2,169,367 - 2,169,367 -
Revenues and other financing sources over
(under) expenditures and other financing uses -$ 43,328$ 17,376$ 60,704$ 60,704$
Actual
152
Schedule F-19
HARNETT COUNTY, NORTH CAROLINA
SOUTHWEST NTA/CAMERON HILL CAPITAL PROJECT
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Investment earnings -$ 2,847$ 762$ 3,609$ 3,609$
Restricted intergovernmental 3,430,000 97,300 291,900 389,200 (3,040,800)
Total revenues 3,430,000 100,147 292,662 392,809 (3,037,191)
Expenditures:
Construction 4,236,405 116,554 - 116,554 4,119,851
Legal and administration 9,999 958 - 958 9,041
Engineering 378,000 230,450 - 230,450 147,550
Materials and supplies 20,000 - - - 20,000
Land 20,000 - - - 20,000
Contingency 206,000 - - - 206,000
Total expenditures 4,870,404 347,962 - 347,962 4,522,442
Revenues over (under) expenditures (1,440,404) (247,815) 292,662 44,847 1,485,251
Other Financing Sources (Uses):
Transfers in - Enterprise Fund 1,440,404 1,440,404 - 1,440,404 -
Total other financing sources (uses) 1,440,404 1,440,404 - 1,440,404 -
Revenues and other financing sources over
(under) expenditures and other financing uses -$ 1,192,589$ 292,662$ 1,485,251$ 1,485,251$
Actual
153
Schedule F-20
HARNETT COUNTY, NORTH CAROLINA
SOUTH CENTRAL WASTEWATER 1B-1 CAPITAL PROJECT
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Sales tax refund -$ -$ 50,783$ 50,783$ 50,783$
Investment earnings - 64 1,067 1,131 1,131
Restricted intergovernmental 1,732,481 - - - (1,732,481)
Total revenues 1,732,481 64 51,850 51,914 (1,680,567)
Expenditures:
Construction 3,706,146 - 1,120,716 1,120,716 2,585,430
Legal and administration 116,489 41,099 29,852 70,951 45,538
Engineering 1,869,675 154,293 23,213 177,506 1,692,169
Materials and supplies - - - - -
Land 180,000 91,519 55,203 146,722 33,278
Interest and fees 124,000 - 7,170 7,170 116,830
Contingency 162,943 - - - 162,943
Total expenditures 6,159,253 286,911 1,236,154 1,523,065 4,636,188
Revenues over (under) expenditures (4,426,772) (286,847) (1,184,304) (1,471,151) 2,955,621
Other Financing Sources (Uses):
Debt issuance 3,449,000 - 3,449,000 3,449,000 -
Transfers in - Enterprise Fund 977,772 - 170,000 170,000 (807,772)
Transfers out - Enterprise Fund - - - - -
Total other financing sources (uses) 4,426,772 - 3,619,000 3,619,000 (807,772)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ (286,847)$ 2,434,696$ 2,147,849$ 2,147,849$
Actual
154
Schedule F-21
HARNETT COUNTY, NORTH CAROLINA
SOUTH CENTRAL WASTEWATER 1B-2 CAPITAL PROJECT
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Sales tax refund -$ -$ 1,951$ 1,951$ 1,951$
Investment earnings - 73 1,199 1,272 1,272
Restricted intergovernmental 1,000,000 - - - (1,000,000)
Total revenues 1,000,000 73 3,150 3,223 (996,777)
Expenditures:
Construction 3,763,072 - 698,379 698,379 3,064,693
Legal and administration 91,359 14,848 31,032 45,880 45,479
Engineering 1,922,801 190,781 27,106 217,887 1,704,914
Land 247,000 100,480 149,973 250,453 (3,453)
Land right of way 129,000 - - - 129,000
Interest and fees - - 8,273 8,273 (8,273)
Contingency 165,920 - - - 165,920
Total expenditures 6,319,152 306,109 914,763 1,220,872 5,098,280
Revenues over (under) expenditures (5,319,152) (306,036) (911,613) (1,217,649) 4,101,503
Other Financing Sources (Uses):
Debt issuance 3,937,000 - 3,937,000 3,937,000 -
Transfers in - Enterprise Fund 1,382,152 - 175,000 175,000 (1,207,152)
Total other financing sources (uses) 5,319,152 - 4,112,000 4,112,000 (1,207,152)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ (306,036)$ 3,200,387$ 2,894,351$ 2,894,351$
Actual
155
Schedule F-22
HARNETT COUNTY, NORTH CAROLINA
BRIGHTWATER INFRASTRUCTURE CAPITAL PROJECT
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Sales tax refund -$ 3,290$ 18,322$ 21,612$ 21,612$
Investment earnings 62,000 1,027 62,095 63,122 1,122
Restricted intergovernmental 2,553,944 - 1,887,143 1,887,143 (666,801)
Total revenues 2,615,944 4,317 1,967,560 1,971,877 (644,067)
Expenditures:
Construction 2,526,480 - 2,474,676 2,474,676 51,804
Legal and administration 77,999 11,112 48,227 59,339 18,660
Utilities plus 86,171 86,171 - 86,171 -
Engineering 397,100 279,891 84,986 364,877 32,223
Materials and supplies 12,350 - - - 12,350
Land 74,650 74,650 - 74,650 -
Town of Lillington 140,000 - 99,928 99,928 40,072
NCDOT improvement 210,415 - 210,415 210,415 -
Other improvement 85,616 - - - 85,616
Contingency 107,760 - - - 107,760
Total expenditures 3,718,541 451,824 2,918,232 3,370,056 348,485
Revenues over (under) expenditures (1,102,597) (447,507) (950,672) (1,398,179) (295,582)
Other Financing Sources (Uses):
Transfers in - Enterprise Fund 1,102,597 1,016,981 85,616 1,102,597 -
Total other financing sources (uses) 1,102,597 1,016,981 85,616 1,102,597 -
Revenues and other financing sources over
(under) expenditures and other financing uses -$ 569,474$ (865,056)$ (295,582)$ (295,582)$
Actual
156
Schedule F-23
HARNETT COUNTY, NORTH CAROLINA
SOUTH CENTRAL WASTEWATER 1C-1 CAPITAL PROJECT
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Investment earnings -$ -$ 983$ 983$ 983$
Restricted intergovernmental 1,000,000 - - - (1,000,000)
Total revenues 1,000,000 - 983 983 (999,017)
Expenditures:
Construction 2,228,179 - 23,363 23,363 2,204,816
Legal and administration 76,359 4,293 40,850 45,143 31,216
Engineering 1,829,952 133,391 15,255 148,646 1,681,306
Land 100,000 975 72,611 73,586 26,414
Interest and fees 104,000 - 6,619 6,619 97,381
Contingency 94,175 - - - 94,175
Total expenditures 4,432,665 138,659 158,698 297,357 4,135,308
Revenues over (under) expenditures (3,432,665) (138,659) (157,715) (296,374) 3,136,291
Other Financing Sources (Uses):
Debt issuance 3,239,000 - 3,239,000 3,239,000 -
Transfers in - Enterprise Fund 193,665 - - - (193,665)
Total other financing sources (uses) 3,432,665 - 3,239,000 3,239,000 (193,665)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ (138,659)$ 3,081,285$ 2,942,626$ 2,942,626$
Actual
157
Schedule F-24
HARNETT COUNTY, NORTH CAROLINA
SOUTH CENTRAL WASTEWATER 1C-2 CAPITAL PROJECT
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Sales tax refund -$ -$ 4,980$ 4,980$ 4,980$
Investment earnings - 1 785 786 786
Restricted intergovernmental 1,000,000 - - - (1,000,000)
Total revenues 1,000,000 1 5,765 5,766 (994,234)
Expenditures:
Construction 2,334,818 - 78,258 78,258 2,256,560
Legal and administration 81,359 8,447 37,321 45,768 35,591
Engineering 1,820,634 132,259 14,123 146,382 1,674,252
Land 80,000 975 52,725 53,700 26,300
Interest and fees 104,000 - 5,516 5,516 98,484
Contingency 54,507 - - - 54,507
Total expenditures 4,475,318 141,681 187,943 329,624 4,145,694
Revenues over (under) expenditures (3,475,318) (141,680) (182,178) (323,858) 3,151,460
Other Financing Sources (Uses):
Debt issuance 2,586,000 - 2,586,000 2,586,000 -
Transfers in - Enterprise Fund 889,318 - - - (889,318)
Total other financing sources (uses) 3,475,318 - 2,586,000 2,586,000 (889,318)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ (141,680)$ 2,403,822$ 2,262,142$ 2,262,142$
Actual
158
Schedule F-25
HARNETT COUNTY, NORTH CAROLINA
WASTEWATER MASTER PLAN
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Investment earnings -$ 152$ 26$ 178$ 178$
Total revenues - 152 26 178 178
Expenditures:
Engineering 302,709 163,624 137,391 301,015 1,694
Materials and supplies 4,000 2,540 - 2,540 1,460
Total expenditures 306,709 166,164 137,391 303,555 3,154
Revenues over (under) expenditures (306,709) (166,012) (137,365) (303,377) 3,332
Other Financing Sources (Uses):
Transfers in - Enterprise Fund 306,709 266,000 40,709 306,709 -
Transfers out - Enterprise Fund - - (3,332) (3,332) (3,332)
Total other financing sources (uses) 306,709 266,000 37,377 303,377 (3,332)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ 99,988$ (99,988)$ -$ -$
Actual
159
Schedule F-26
HARNETT COUNTY, NORTH CAROLINA
NE WASTEWATER EXTENSION
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Sales tax refund -$ -$ 981$ 981$ 981$
Investment earnings - - 401 401 401
Total revenues - - 1,382 1,382 1,382
Expenditures:
Construction 739,282 - 515,601 515,601 223,681
Legal and administration 15,000 - 5,100 5,100 9,900
Engineering 177,750 - 63,281 63,281 114,469
Materials and supplies 20,000 - - - 20,000
Land 95,000 - 36,111 36,111 58,889
Contingency 74,000 - - - 74,000
Total expenditures 1,121,032 - 620,093 620,093 500,939
Revenues over (under) expenditures (1,121,032) - (618,711) (618,711) 502,321
Other Financing Sources (Uses):
Transfers in - Enterprise Fund 1,121,032 - 1,121,032 1,121,032 -
Total other financing sources (uses) 1,121,032 - 1,121,032 1,121,032 -
Revenues and other financing sources over
(under) expenditures and other financing uses -$ -$ 502,321$ 502,321$ 502,321$
Actual
160
Schedule F-27
HARNETT COUNTY, NORTH CAROLINA
CAMPBELL OSTEOPATHIC
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FROM INCEPTION AND FOR THE YEAR ENDED JUNE 30, 2012
Project Prior Current Total to Variance
Authorization Years Year Date Over/Under
Revenues:
Restricted intergovernmental 849,530$ -$ -$ -$ (849,530)$
Total revenues 849,530 - - - (849,530)
Expenditures:
Construction 554,990 - - - 554,990
Legal and administration 10,000 - - - 10,000
Engineering 61,300 - 52,150 52,150 9,150
Road Improvement 200,000 - - - 200,000
Contingency 23,240 - - - 23,240
Total expenditures 849,530 - 52,150 52,150 797,380
Revenues over (under) expenditures -$ -$ (52,150)$ (52,150)$ (52,150)$
Actual
161
Schedule F-28
Page 1 of 2HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - SOLID WASTE FUND
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Revenues:
Operating revenues:
Solid waste fees 4,004,000$ 3,956,316$ (47,684)$
Other operating revenues - 1,034 1,034
Total operating revenues 4,004,000 3,957,350 (46,650)
Non-operating revenues:
Solid waste state taxes 259,469 236,713 (22,756)
Interest earned on investments 800 505 (295)
Total non-operating revenues 260,269 237,218 (23,051)
Total revenues 4,264,269 4,194,568 (69,701)
Expenditures:
Salaries and employee benefits 682,592 683,393 (801)
Other operating expenses 3,683,940 3,458,035 225,905
Capital outlay 8,300 8,280 -
Debt service:
Debt principal and interest 135,169 132,552 2,617
Total expenditures 4,510,001 4,282,260 227,741
Revenues over (under) expenditures (245,732) (87,692) 158,040
Other Financing Sources (Uses):
Transfers in (out) 8,360 8,360 -
Appropriated fund balance 237,372 - (237,372)
Total other financing sources (uses) 245,732 8,360 (237,372)
Revenues and other financing sources over
(under) expenditures and other financing uses -$ (79,332)$ (79,332)$
162
Schedule F-28
Page 2 of 2HARNETT COUNTY, NORTH CAROLINA
ENTERPRISE FUND - SOLID WASTE FUND
SCHEDULE OF REVENUES AND EXPENDITURES -
BUDGET AND ACTUAL (NON-GAAP)
FOR THE YEAR ENDED JUNE 30, 2012
Variance
Budget Actual Over/Under
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual:
Revenues and other financing sources over
(under) expenditures and other financing uses (79,332)$
Reconciling items:
Debt principal 47,126
Increase in compensated absences (5,699)
Increase in other post-employment benefits (16,302)
Decrease in post-closure liability 237,862
Gain (loss) on sale of assets 1,617
Capital outlay 8,280
Depreciation (178,966)
Change in net assets 14,586$
163
INTERNAL SERVICE FUNDS
Internal Service Funds account for the financing of goods or services provided by one department or agency to other departments or agencies of the County, on a cost-reimbursement basis. INDIVIDUAL FUND DESCRIPTIONS: Workers' Compensation Fund - accounts for accumulated resources as self-insurance for workers' compensation claims. Group Insurance Fund - accounts for the expenditures and revenues for the self-insurance related to the County's health and dental insurance claims.
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Schedule G-1
HARNETT COUNTY, NORTH CAROLINA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF NET ASSETS
JUNE 30, 2012
Workers' Group
Compensation Insurance
Fund Fund Total
Assets:
Current assets:
Cash and cash equivalents 293,056$ 496,102$ 789,158$
Accounts receivable 21,198 - 21,198
Total assets 314,254 496,102 810,356
Liabilities:
Current liabilities:
Claims payable 424,296 - 424,296
Total current liabilities 424,296 - 424,296
Non-current liabilities:
Claims payable 1,504,321 - 1,504,321
Total liabilities 1,928,617 - 1,928,617
Net Assets:
Unrestricted (1,614,363) 496,102 (1,118,261)
Total net assets (1,614,363)$ 496,102$ (1,118,261)$
164
Schedule G-2
HARNETT COUNTY, NORTH CAROLINA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN FUND NET ASSETS
FOR THE YEAR ENDED JUNE 30, 2012
Workers' Group
Compensation Insurance
Fund Fund Total
Operating Revenues:
County contribution 737,738$ 696,008$ 1,433,746$
Operating Expenses:
Benefits and premiums 802,630 318,054 1,120,684
Change in net assets (64,892) 377,954 313,062
Net Assets:
Beginning of year - July 1 (1,549,471) 118,148 (1,431,323)
End of year - June 30 (1,614,363)$ 496,102$ (1,118,261)$
165
Schedule G-3
HARNETT COUNTY, NORTH CAROLINA
STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
FOR THE YEAR ENDED JUNE 30, 2012
Workers' Group
Compensation Insurance
Fund Fund Total
Cash Flows from Operating Activities:
Cash received from customers and users 716,540$ 696,008$ 1,412,548$
Cash paid to suppliers (632,360) (554,421) (1,186,781)
Net cash provided (used) by operating activities 84,180 141,587 225,767
Cash and Cash Equivalents:
Beginning of year - July 1 208,876 354,515 563,391
End of year - June 30 293,056$ 496,102$ 789,158$
Reconciliation of Operating Income (Loss) to Net
Cash Provided (Used) by Operating Activities:
Operating income (loss) (64,892)$ 377,954$ 313,062$
Change in accounts receivable (21,198) - (21,198)
Change in claims payable 170,270 (236,367) (66,097)
Net cash provided (used) by operating activities 84,180$ 141,587$ 225,767$
166
Schedule G-4
HARNETT COUNTY, NORTH CAROLINA
WORKERS' COMPENSATION FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - FINANCIAL PLAN AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
Financial Variance
Plan Actual Over/Under
Revenues:
County contributions 970,000$ 737,738$ (232,262)$
Expenditures:
Benefits and premiums 970,000 802,630 167,370
Total expenditures 970,000 802,630 167,370
Revenues over (under) expenditures -$ (64,892) (64,892)$
Fund Balance:
Beginning of year - July 1 (1,549,471)
End of year - June 30 (1,614,363)$
167
Schedule G-5
HARNETT COUNTY, NORTH CAROLINA
GROUP INSURANCE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - FINANCIAL PLAN AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2012
Financial Variance
Plan Actual Over/Under
Revenues:
County contributions 779,873$ 696,008$ (83,865)$
Expenditures:
Benefits and premiums 779,873 318,054 461,819
Total expenditures 779,873 318,054 461,819
Revenues over (under) expenditures -$ 377,954 377,954$
Fund Balance:
Beginning of year - July 1 118,148
End of year - June 30 496,102$
168
This page left blank intentionally.
AGENCY FUNDS
Agency funds are custodial in nature and do not involve the measurement of operating results. Agency funds are used to account for assets held by the County as an agent on behalf of others. INDIVIDUAL FUND DESCRIPTIONS: Social Services Trust Fund - accounts for monies held by the Social Services Department for the benefit of certain individuals within the County. Motor Vehicle Tax Fund - accounts for proceeds of the motor vehicle taxes that are collected by the county on behalf of the municipalities within the County. State Vehicle Tax Fund - accounts for the 3% interest penalty on past due motor vehicle property tax bills that are remitted to the North Carolina Department of Motor Vehicles. Fines and Forfeitures Fund - accounts for the collection and payment of fines and forfeitures to the Board of Education. Run and You Are Done Fund – accounts for the storage fees collected when citizens are charged with a “Run and You Are Done Violation” in an attempt to evade law enforcement personnel.
This page left blank intentionally.
Schedule H-1
HARNETT COUNTY, NORTH CAROLINA
AGENCY FUNDS
COMBINING STATEMENT FIDUCIARY ASSETS AND LIABILITIES
JUNE 30, 2012
Social Motor State Fines and Jail
Services Vehicle Motor Forfeitures Canteen
Trust Fund Tax Fund Vehicle Tax Fund Fund Total
Assets:
Cash and investments 118,721$ 78,567$ 5,026$ 25,485$ 10,316$ 238,115$
Total assets 118,721$ 78,567$ 5,026$ 25,485$ 10,316$ 238,115$
Liabilities:
Accounts payable and accrued liabilities 118,721$ 78,567$ 5,026$ 25,485$ 10,316$ 238,115$
Total liabilities 118,721$ 78,567$ 5,026$ 25,485$ 10,316$ 238,115$
169
Schedule H-2
HARNETT COUNTY, NORTH CAROLINA
AGENCY FUNDS
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30, 2012
Balance Balance
July 1, 2011 Additions Deductions June 30, 2012
Social Services:
Assets:
Cash and investments 126,765$ 569,246$ 577,290$ 118,721$
Liabilities:
Accounts payable and accrued liabilities 126,765$ 569,246$ 577,290$ 118,721$
Motor Vehicle Tax Fund:
Assets:
Cash and investments 63,673$ 5,798,728$ 5,783,834$ 78,567$
Liabilities:
Accounts payable and accrued liabilities 63,673$ 5,798,728$ 5,783,834$ 78,567$
State Motor Vehicle Tax Fund:
Assets:
Cash and investments 4,107$ 71,840$ 70,921$ 5,026$
Liabilities:
Accounts payable and accrued liabilities 4,107$ 71,840$ 70,921$ 5,026$
Fines and Forfeitures Fund
Assets:
Cash and investments -$ 309,108$ 283,623$ 25,485$
Liabilities:
Accounts payable and accrued liabilities -$ 309,108$ 283,623$ 25,485$
Jail Canteen Fund:
Assets:
Cash and investments -$ 187,537$ 177,221$ 10,316$
Liabilities:
Accounts payable and accrued liabilities -$ 187,537$ 177,221$ 10,316$
Totals - All Agency Funds:
Assets:
Cash and investments 194,545$ 6,936,459$ 6,892,889$ 238,115$
Liabilities:
Accounts payable and accrued liabilities 194,545$ 6,936,459$ 6,892,889$ 238,115$
170
OTHER SCHEDULES
Schedule of Ad Valorem Taxes Receivable - General Fund Analysis of Current Tax Levy Statement of Net Assets - Combined Water and Sewer Districts Operating Fund Statement of Revenues, Expenses, and Changes in Fund Net Assets – Combined Water and Sewer Districts Operating Fund
This page left blank intentionally.
Schedule I-1
HARNETT COUNTY, NORTH CAROLINA
GENERAL FUND
SCHEDULE OF AD VALOREM TAXES RECEIVABLE
JUNE 30, 2012
Uncollected Uncollected
Balance Collections Balance
Fiscal Year July 1, 2011 Additions and Credits June 30, 2012
2011-2012 -$ 52,116,730$ 50,733,856$ 1,382,874$
2010-2011 1,196,454 (46,622) 859,227 290,605
2009-2010 291,235 11,820 110,655 192,400
2008-2009 164,589 (726) 41,900 121,963
2007-2008 141,731 (5,806) 14,930 120,995
2006-2007 120,218 (2,207) 8,120 109,891
2005-2006 112,992 (1,630) 6,394 104,968
2004-2005 134,696 (1,202) 6,691 126,803
2003-2004 149,404 (1,587) 6,946 140,871
2002-2003 164,422 (633) 4,768 159,021
2001-2002 150,651 - 150,651 -
Total 2,626,392$ 52,068,137$ 51,944,138$ 2,750,391
Less: Allowance for uncollectible accounts - General Fund 1,445,483
Ad valorem taxes receivable, net - General Fund 1,304,908$
Reconcilement with Revenues:
Ad valorem taxes - General Fund 51,564,765$
Reconciling items:
Interest collected 564,757
Taxes written off 150,651
Adjustments (591,621)
Miscellaneous 255,586
Total collections and credits 51,944,138$
171
Schedule I-2
HARNETT COUNTY, NORTH CAROLINA
ANALYSIS OF CURRENT TAX LEVYFOR THE YEAR ENDED JUNE 30, 2012
PropertyExcludingRegistered Registered
Property Total Motor MotorValuation Rate Levy Vehicles Vehicles
Original Levy:Property taxed at current year's rate 7,010,075,586$ 0.7250$ 50,823,048$ 47,141,295$ 3,681,753$
Motor vehicles taxed at prior year's rate 297,569,403 0.7250 2,157,406 - 2,157,406
Total 7,307,644,989 52,980,454 47,141,295 5,839,159
Discoveries:Current years taxes 36,995,839 0.7250 333,897 333,897 -
Total 36,995,839 333,897 333,897 -
Abatements (164,367,477) (1,197,621) (466,478) (731,143)
Total property valuation 7,180,273,351$
Net Levy 52,116,730 47,008,714 5,108,016
Uncollected taxes at June 30, 2012 (1,382,874) (678,560) (704,314)
Current Year's Taxes Collected 50,733,856$ 46,330,154$ 4,403,702$
Current Levy Collection Percentage 97.35% 98.56% 86.21%
Total Levy
County-Wide
172
Sc
he
du
le I-3
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Sch
edu
le I-
4
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Op
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Rev
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Cha
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for
serv
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9,02
6,71
4$
1,17
6,98
7$
4,
299,
895
$
1,12
2,73
7$
1,
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672
$
4,78
3,42
7$
96
,706
$
58
9,67
3$
1,03
3,10
7$
23
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,918
$
Wat
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taps
133,
958
17,4
67
63
,811
16
,662
21
,632
70
,987
1,
435
8,
751
15,3
31
350,
033
Jo
hnst
on C
ount
y2,
834
37
0
1,35
0
35
3
458
1,
502
30
185
32
4
7,40
6
Oth
er o
pera
ting
reve
nues
2,36
7,60
1
308,
710
1,
127,
812
294,
481
38
2,33
0
1,25
4,63
7
25
,365
15
4,66
4
270,
972
6,
186,
572
Tot
al o
pera
ting
reve
nues
11,5
31,1
07
1,
503,
533
5,49
2,86
8
1,
434,
232
1,86
2,09
1
6,
110,
552
123,
537
753,
273
1,
319,
735
30,1
30,9
29
Op
erat
ing
Exp
ense
s:W
ater
dis
trib
utio
n an
d se
wag
e tr
eatm
ent
5,21
0,60
5
679,
407
2,
482,
084
648,
092
84
1,43
0
2,76
1,19
9
55
,823
34
0,38
5
596,
354
13
,615
,379
Dep
reci
atio
n2,
008,
554
26
1,89
4
956,
779
24
9,82
3
324,
350
1,
064,
371
21,5
18
131,
209
22
9,87
9
5,24
8,37
7
Tot
al o
pera
ting
expe
nses
7,21
9,15
9
941,
301
3,
438,
863
897,
915
1,
165,
780
3,82
5,57
0
77
,341
47
1,59
4
826,
233
18
,863
,756
Ope
ratin
g in
com
e (lo
ss)
4,31
1,94
8
562,
232
2,
054,
005
536,
317
69
6,31
1
2,28
4,98
2
46
,195
28
1,67
9
493,
502
11
,267
,172
No
n-O
per
atin
g R
even
ues
(E
xpen
ses)
:C
ontr
ibut
ion
expe
nse
Inte
rest
ear
ned
on in
vest
men
ts2,
352
30
7
1,12
0
29
3
380
1,
246
25
154
26
9
6,14
6
Inte
rest
and
fees
(1,7
53,9
32)
(228
,694
)
(835
,489
)
(2
18,1
53)
(283
,232
)
(9
29,4
42)
(18,
790)
(114
,576
)
(2
00,7
37)
(4,5
83,0
46)
Tot
al n
on-o
pera
ting
reve
nues
(ex
pens
es)
(1,7
51,5
80)
(228
,387
)
(834
,369
)
(2
17,8
60)
(282
,852
)
(9
28,1
95)
(18,
765)
(114
,423
)
(2
00,4
68)
(4,5
76,9
00)
Inco
me
(loss
) be
fore
cap
ital c
ontr
ibut
ions
a
nd tr
ansf
ers
2,56
0,36
8
333,
845
1,
219,
637
318,
457
41
3,45
9
1,35
6,78
7
27
,430
16
7,25
7
293,
034
6,
690,
273
Cap
ital c
ontr
ibut
ions
7,17
4,45
9
935,
473
3,
417,
570
892,
355
1,
158,
562
3,80
1,88
2
76
,863
46
8,67
4
821,
117
18
,746
,954
Inco
me
(loss
) be
fore
tran
sfer
s9,
734,
827
1,
269,
318
4,63
7,20
6
1,
210,
812
1,57
2,02
1
5,
158,
669
104,
293
635,
931
1,
114,
150
25,4
37,2
25
Tra
nsf
ers:
Intr
afun
d tr
ansf
ers
32,7
65
4,
272
15,6
08
4,07
5
5,
291
17,3
63
351
2,14
0
3,
750
85,6
16
T
rans
fers
out
(155
,376
)
(20,
259)
(7
4,01
4)
(19,
326)
(2
5,09
1)
(82,
337)
(1
,665
)
(10,
150)
(1
7,78
3)
(406
,000
)
Tot
al tr
ansf
ers
(122
,611
)
(15,
987)
(5
8,40
6)
(15,
250)
(1
9,80
0)
(64,
974)
(1
,314
)
(8,0
10)
(14,
033)
(3
20,3
84)
Cha
nge
in n
et a
sset
s9,
612,
216
1,
253,
330
4,57
8,80
0
1,
195,
562
1,55
2,22
1
5,
093,
695
102,
979
627,
921
1,
100,
118
25,1
16,8
42
Net
Ass
ets:
Beg
inni
ng o
f yea
r -
July
193
,471
,725
12,1
87,7
17
44,5
25,4
65
11,6
25,9
58
15,0
94,2
06
49,5
32,4
43
1,00
1,39
6
6,10
6,07
0
10
,697
,835
24
4,24
2,81
5
End
of y
ear
- Ju
ne 3
010
3,08
3,94
1$
13,4
41,0
47$
49,1
04,2
65$
12,8
21,5
20$
16,6
46,4
27$
54,6
26,1
38$
1,10
4,37
5$
6,73
3,99
1$
11
,797
,953
$
26
9,35
9,65
7$
174
STATISTICAL SECTION (unaudited)
This part of Harnett County's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the government's overall financial health.
Page
Financial Trends 175 These schedules contain trend information to help the reader understand how the government's financial performance and well-being have changed over time.
Revenue Capacity 183 These schedules contain information to help the reader assess the government's most significant local revenue source, the property tax.
Debt Capacity 189 These schedules present information to help the reader assess the affordability of the government's current levels of outstanding debt and the government's ability to issue additional debt in the future.
Demographic and Economic Information 193 These schedules offer demographic and economic indicators to help the reader understand the environment within which the government's financial activities take place.
Operating Information 196 These schedules contain service and infrastructure data to help the reader understand how the information in the government's financial report relates to the services the government provides and the activities it performs.
This page left blank intentionally.
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Gov
ernm
enta
l Act
iviti
es
In
vest
ed in
cap
ital a
sset
s, n
et o
f rel
ated
deb
t20
,511
,775
$ 30
,644
,658
$ 32
,281
,393
$ 39
,542
,666
$
35,2
62,7
55$
37
,271
,906
$
63,1
57,5
01$
36
,370
,124
$
36
,054
,811
$
37
,298
,229
$
Res
tric
ted
5,81
8,48
5
-
-
-
-
-
-
-
-
10
,537
,181
Unr
estr
icte
d(3
0,22
1,65
0)
(35,
601,
131)
(3
0,12
3,48
9)
(29,
422,
525)
(17,
756,
613)
(30,
362,
560)
(82,
235,
980)
(77,
060,
014)
(3
9,22
2,65
9)
(81,
052,
839)
T
otal
gov
ernm
enta
l act
iviti
es n
et a
sset
s(3
,891
,390
)$
(4
,956
,473
)$
2,
157,
904
$
10,1
20,1
41$
17
,506
,142
$
6,90
9,34
6$
(19,
078,
479)
$
(40,
689,
890)
$
(3
,167
,848
)$
(3
3,21
7,42
9)$
Bus
ines
s-T
ype
Act
iviti
es
In
vest
ed in
cap
ital a
sset
s, n
et o
f rel
ated
deb
t57
,333
,007
$ 60
,379
,951
$ 63
,266
,357
$ 76
,151
,245
$
99,5
08,9
87$
11
1,54
0,08
0$
15
0,83
9,43
5$
17
9,93
1,41
6$
232,
432,
386
$
25
0,80
8,92
7$
R
estr
icte
d4,
017,
002
-
-
-
-
-
-
-
-
-
U
nres
tric
ted
-
3,10
5,60
5
3,
877,
325
2,73
6,12
5
7,57
7,23
7
10,3
48,0
70
5,
174,
536
14
,168
,332
14
,966
,902
18
,408
,236
T
otal
bus
ines
s-ty
pe a
ctiv
ities
net
ass
ets
61,3
50,0
09$
63,4
85,5
56$
67,1
43,6
82$
78,8
87,3
70$
10
7,08
6,22
4$
12
1,88
8,15
0$
15
6,01
3,97
1$
19
4,09
9,74
8$
247,
399,
288
$
26
9,21
7,16
3$
Prim
ary
Gov
ernm
ent
In
vest
ed in
cap
ital a
sset
s, n
et o
f rel
ated
deb
t77
,844
,782
$ 91
,024
,609
$ 95
,547
,750
$ 11
5,69
3,91
1$
13
4,77
1,74
2$
14
8,81
1,98
6$
21
3,99
6,93
6$
21
6,30
1,54
0$
268,
487,
197
$
28
8,10
7,15
6$
R
estr
icte
d9,
835,
487
-
-
-
-
-
-
-
-
10,5
37,1
81
U
nres
tric
ted
(30,
221,
650)
(3
2,49
5,52
6)
(26,
246,
164)
(2
6,68
6,40
0)
(1
0,17
9,37
6)
(2
0,01
4,49
0)
(7
7,06
1,44
4)
(6
2,89
1,68
2)
(24,
255,
757)
(6
2,64
4,60
3)
Tot
al p
rimar
y go
vern
men
t net
ass
ets
57,4
58,6
19$
58,5
29,0
83$
69,3
01,5
86$
89,0
07,5
11$
12
4,59
2,36
6$
12
8,79
7,49
6$
13
6,93
5,49
2$
15
3,40
9,85
8$
244,
231,
440
$
23
5,99
9,73
4$
Not
e: H
arne
tt C
ount
y im
plem
ente
d G
AS
B S
tate
men
t 34
in F
isca
l Yea
r 20
03.
In th
e fu
ture
, up
to n
ine
(9)
prio
r ye
ars
will
be
pre
sent
ed w
ith th
e cu
rren
t yea
r to
illu
stra
te th
e C
ount
y's
finan
cial
per
form
ance
ove
r tim
e.
Fis
cal Y
ear
En
ded
Ju
ne
30
Har
net
t C
ou
nty
, No
rth
Car
olin
aN
et A
sset
s b
y C
om
po
nen
tL
ast
Ten
Fis
cal Y
ears
(Un
aud
ited
)
175
Pag
e 1
of 3
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Exp
ense
sG
over
nmen
tal A
ctiv
ities
G
ener
al G
over
nmen
t9,
118,
050
$
11,1
37,6
01$
11,9
22,7
20$
11,7
80,2
92$
11,8
19,1
68$
26,8
13,7
16$
28,9
13,8
61$
47,0
59,6
20$
14,9
78,1
46$
11,2
17,9
67$
P
ublic
Saf
ety
15,8
24,6
91
18,7
34,4
76
20,5
28,9
75
23,9
48,4
39
23,1
95,8
58
25,3
74,0
27
28,1
44,3
40
28,9
52,3
26
30,5
33,5
01
32,1
38,9
70
E
nviro
men
tal P
rote
ctio
n33
6,67
0
339,
734
11
5,27
9
121,
443
12
9,91
7
139,
421
20
2,23
2
193,
652
16
5,46
0
124,
255
Tra
nspo
rtat
ion
156,
504
23
8,34
9
244,
706
21
6,20
1
639,
875
40
7,74
1
639,
194
63
7,30
6
657,
369
64
6,93
9
E
cono
mic
and
phy
sica
l dev
elop
men
t3,
179,
192
3,10
7,64
4
3,
876,
732
4,67
8,09
4
4,
958,
192
5,38
2,77
5
6,
568,
721
6,38
8,62
5
6,
019,
831
6,32
1,30
9
Hum
an S
ervi
ces
22,8
25,2
13
23,1
13,1
23
26,1
48,3
26
27,2
57,0
65
29,1
08,1
85
30,9
64,9
92
27,7
38,7
23
25,4
01,0
52
25,4
17,1
33
25,2
35,9
71
C
ultu
ral a
nd R
ecre
atio
nal
889,
600
1,
036,
545
1,02
5,86
1
1,
188,
384
1,23
3,20
6
1,
570,
301
1,62
1,76
1
1,
678,
221
1,61
6,68
6
62
1,12
9
E
duca
tion
28,7
37,9
78
24,0
34,6
12
18,3
25,2
34
16,9
48,7
07
18,0
06,4
32
19,9
28,8
49
30,0
06,2
35
22,7
01,0
55
22,2
39,6
71
24,1
15,7
65
D
ebt S
ervi
ce:
In
tere
st a
nd fe
es4,
669,
096
3,59
9,18
2
3,
280,
078
2,83
8,66
2
3,
204,
761
4,73
0,87
0
4,
822,
044
5,97
5,58
7
5,
969,
986
6,49
4,89
1
Tot
al g
over
nmen
tal a
ctiv
ities
exp
ense
s85
,736
,994
85
,341
,266
85
,467
,911
88
,977
,287
92
,295
,594
11
5,31
2,69
2
128,
657,
111
13
8,98
7,44
4
107,
597,
783
10
6,91
7,19
6
Bus
ines
s-T
ype
Act
iviti
es
Wat
er a
nd S
ewer
11,6
54,4
43
11,0
46,0
73
11,4
15,9
15
13,1
85,1
06
15,1
17,8
51
16,6
67,2
49
18,4
90,6
60
20,5
17,6
01
35,3
19,7
63
23,4
46,8
03
S
olid
Was
te2,
803,
091
2,93
8,39
9
3,
267,
650
3,47
3,56
4
3,
743,
693
4,11
6,94
0
4,
204,
938
4,00
6,63
9
4,
266,
203
4,18
8,34
2
Tot
al b
usin
ess-
type
act
iviti
es14
,457
,534
13
,984
,472
14
,683
,565
16
,658
,670
18
,861
,544
20
,784
,189
22
,695
,598
24
,524
,240
39
,585
,966
27
,635
,145
Tot
al p
rimar
y go
vern
men
t exp
ense
s10
0,19
4,52
8$
99
,325
,738
$
10
0,15
1,47
6$
10
5,63
5,95
7$
11
1,15
7,13
8$
13
6,09
6,88
1$
151,
352,
709
$
16
3,51
1,68
4$
147,
183,
749
$
13
4,55
2,34
1$
Har
net
t C
ou
nty
, No
rth
Car
olin
aC
han
ges
in N
et A
sset
sL
ast
Ten
Fis
cal Y
ears
(acc
rual
bas
is o
f ac
cou
nti
ng
)
Fis
cal Y
ear
En
ded
Ju
ne
30
(Un
aud
ited
)
176
Pag
e 2
of 3
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Har
net
t C
ou
nty
, No
rth
Car
olin
aC
han
ges
in N
et A
sset
sL
ast
Ten
Fis
cal Y
ears
(acc
rual
bas
is o
f ac
cou
nti
ng
)
Fis
cal Y
ear
En
ded
Ju
ne
30
(Un
aud
ited
)
Pro
gra
m R
even
ues
Gov
ernm
enta
l Act
iviti
es:
C
harg
es fo
r se
rvic
es:
G
ener
al g
over
nmen
t1,
371,
287
$
1,62
9,37
2$
1,
778,
886
$
1,95
3,53
8$
2,
078,
794
$
1,93
0,15
9$
1,
705,
350
$
13,6
47,6
09$
3,20
2,81
7$
4,
198,
163
$
P
ublic
Saf
ety
2,98
0,74
9
3,
530,
676
4,01
5,18
1
5,
208,
884
4,97
2,80
8
6,
165,
054
6,44
5,39
2
5,
931,
375
8,36
1,07
0
8,
949,
860
T
rans
port
atio
n27
6,49
5
253,
134
26
8,59
5
235,
955
24
6,46
8
264,
936
24
2,98
3
277,
895
32
8,19
4
335,
486
Eco
nom
ic a
nd p
hysi
cal d
evel
opm
ent
-
-
-
-
-
-
2,65
2
2,
638
22,1
28
16
,013
H
uman
ser
vice
s2,
906,
427
3,38
7,36
2
3,
835,
695
3,87
2,51
9
4,
021,
385
3,95
1,81
8
4,
189,
982
4,29
0,17
7
3,
812,
310
3,46
3,52
7
Cul
tura
l and
rec
reat
iona
l48
1,89
3
508,
809
64
3,49
9
528,
604
49
7,96
1
25,6
53
46
,505
54,5
82
45
,862
52,2
84
Edu
catio
n2,
949
-
-
-
-
558,
955
43
9,94
8
-
-
-
O
pera
ting
gran
ts a
nd c
ontr
ibut
ions
Gen
eral
gov
ernm
ent
82,8
97
15,0
81
7,11
0
43
,573
5,
138
116,
303
28
6,67
8
1,57
4,07
6
99
9,90
8
904,
224
Pub
lic S
afet
y33
6,91
0
676,
682
85
9,29
7
883,
364
67
6,90
0
685,
126
1,
565,
755
1,89
0,58
1
1,
904,
951
1,62
8,13
9
Env
ironm
ent p
rote
ctio
n6,
205
5,62
9
17
9,36
8
192,
253
31
6,87
3
-
35,3
20
23
,665
15,5
02
8,
962
T
rans
port
atio
n1,
072,
013
907,
992
1,
556,
337
1,18
7,83
2
2,
427,
366
529,
786
1,
165,
357
754,
113
59
4,84
4
382,
897
Eco
nom
ic a
nd p
hysi
cal d
evel
opm
ent
1,45
0,05
3
1,
040,
489
1,05
3,50
3
1,
141,
569
1,18
4,34
9
1,
863,
797
736,
305
66
5,28
8
704,
113
52
8,74
3
H
uman
ser
vice
s12
,221
,625
12
,153
,794
13
,894
,073
13
,928
,078
14
,980
,951
15
,092
,951
14
,393
,776
15
,086
,688
15
,099
,811
15
,120
,209
Cul
tura
l and
rec
reat
iona
l10
,032
6,
268
9,42
1
3,
881
67,5
00
675,
919
18
2,36
0
180,
991
19
6,41
3
149,
410
Edu
catio
n3,
491,
399
3,11
3,36
9
3,
347,
915
3,69
9,75
4
83
8,32
9
2,73
0,88
6
3,
502,
441
3,16
2,91
0
2,
316,
672
1,93
5,24
7
Cap
ital g
rant
s an
d co
ntrib
utio
ns
G
ener
al g
over
nmen
t-
29
2,71
3
24,3
90
-
-
-
-
-
159,
603
-
Pub
lic S
afet
y-
16
,806
7,
061
-
-
-
-
-
-
-
E
cono
mic
and
phy
sica
l dev
elop
men
t-
-
-
-
-
-
-
39
8,78
2
103,
114
78
,395
H
uman
ser
vice
s17
,478
49
,804
11
,000
2,
200
19,6
56
-
-
-
-
-
C
ultu
ral a
nd r
ecre
atio
nal
-
-
-
-
-
15,0
00
8,
000
282,
472
3,
414
28,4
86
Tot
al g
over
nmen
tal a
ctiv
ities
pro
gram
s re
venu
es26
,708
,412
27
,587
,980
31
,491
,331
32
,882
,004
32
,334
,478
34
,606
,343
34
,948
,804
48
,223
,842
37
,870
,726
37
,780
,045
Bus
ines
s-ty
pe a
ctiv
ities
:
Cha
rges
for
serv
ices
:
W
ater
and
Sew
er11
,595
,488
12
,119
,400
13
,726
,990
15
,822
,667
19
,837
,949
21
,950
,390
21
,374
,697
24
,860
,413
28
,170
,863
30
,165
,366
S
olid
Was
te2,
703,
991
2,99
0,09
8
3,
237,
580
3,23
5,53
9
3,
373,
255
3,34
3,75
6
3,
594,
796
3,83
9,87
6
3,
960,
942
3,96
3,61
1
Ope
ratin
g gr
ants
and
con
trib
utio
ns -
wat
er a
nd s
ewer
-
1,24
0,39
4
24
,934
41
1,37
5
-
511,
300
-
-
-
-
C
apita
l gra
nts
and
cont
ribut
ions
- w
ater
and
sew
er4,
918,
071
-
3,01
0,91
4
8,
773,
746
21,4
31,2
92
9,63
8,45
1
31
,384
,786
34
,097
,559
60
,951
,973
18
,746
,953
Tot
al b
usin
ess-
type
act
iviti
es p
rogr
am r
even
ues
19,2
17,5
50
16,3
49,8
92
20,0
00,4
18
28,2
43,3
27
44,6
42,4
96
35,4
43,8
97
56,3
54,2
79
62,7
97,8
48
93,0
83,7
78
52,8
75,9
30
Tot
al p
rimar
y go
vern
men
t pro
gram
rev
enue
s45
,925
,962
$
43
,937
,872
$
51
,491
,749
$
61
,125
,331
$
76
,976
,974
$
70
,050
,240
$
91
,303
,083
$
11
1,02
1,69
0$
130,
954,
504
$
90
,655
,975
$
Net
(ex
pens
e)/r
even
ue
Gov
ernm
enta
l act
iviti
es(5
9,02
8,58
2)$
(57,
753,
286)
$
(5
3,97
6,58
0)$
(56,
095,
283)
$
(5
9,96
1,11
6)$
(80,
706,
349)
$
(9
3,70
8,30
7)$
(90,
763,
602)
$
(6
9,72
7,05
7)$
(69,
137,
151)
$
B
usin
ess-
type
act
iviti
es
4,76
0,01
6
2,
365,
420
5,31
6,85
3
11
,584
,657
25
,780
,952
14
,659
,708
33
,658
,681
38
,273
,608
53
,497
,811
25
,240
,785
Tot
al p
rimar
y go
vern
men
t net
exp
ense
(54,
268,
566)
$
(5
5,38
7,86
6)$
(48,
659,
727)
$
(4
4,51
0,62
6)$
(34,
180,
164)
$
(6
6,04
6,64
1)$
(60,
049,
626)
$
(5
2,48
9,99
4)$
(16,
229,
246)
$
(4
3,89
6,36
6)$
177
Pag
e 3
of 3
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Har
net
t C
ou
nty
, No
rth
Car
olin
aC
han
ges
in N
et A
sset
sL
ast
Ten
Fis
cal Y
ears
(acc
rual
bas
is o
f ac
cou
nti
ng
)
Fis
cal Y
ear
En
ded
Ju
ne
30
(Un
aud
ited
)
Gen
eral
Rev
enu
es a
nd
Oth
er C
han
ges
in N
et A
sset
sG
over
nmen
tal a
ctiv
ities
A
d va
lore
m ta
xes
30,8
62,0
61$
36,5
38,8
96$
38,0
52,7
69$
40,4
20,0
76$
42,3
22,4
60$
44,1
99,4
61$
46,9
69,5
67$
56,5
60,7
48$
56,3
72,1
31$
58,2
98,1
00$
Lo
cal o
ptio
n sa
les
tax
13,2
41,6
95
15,5
68,6
84
16,9
63,2
04
18,1
24,2
58
20,0
68,2
11
20,7
57,2
36
16,5
08,2
36
12,3
67,1
75
12,2
88,7
72
13,9
14,5
55
O
ther
taxe
s65
1,91
9
796,
738
83
3,03
2
927,
666
1,
083,
171
1,08
7,66
8
95
4,29
3
1,84
4,61
0
1,
899,
527
2,00
4,88
3
Unr
estr
icte
d gr
ants
and
con
trib
utio
ns48
,741
10
8,34
1
86,1
53
1,46
2,30
0
66
8,08
5
144,
532
23
4,71
3
70,4
13
12
5,84
5
347,
202
Inve
stm
ent e
arni
ngs
358,
035
77
3,62
7
527,
522
90
1,16
7
1,48
5,91
2
1,
516,
019
451,
055
91
,358
33,0
12
15
,492
M
isce
llane
ous
1,47
6,61
8
1,
505,
336
2,74
4,09
2
1,
940,
896
1,50
0,07
9
2,
050,
793
2,14
9,50
3
-
-
-
Gai
n on
sal
e of
cap
ital a
sset
-
-
-
129,
507
-
38
,318
13,8
50
-
-
-
Tra
nsfe
rs85
1,26
9
478,
601
1,
884,
185
151,
650
21
9,19
9
315,
526
43
9,26
5
72,8
19
47
5,00
1
312,
024
Tot
al g
over
nmen
tal a
ctiv
ities
47,4
90,3
38
55,7
70,2
23
61,0
90,9
57
64,0
57,5
20
67,3
47,1
17
70,1
09,5
53
67,7
20,4
82
71,0
07,1
23
71,1
94,2
88
74,8
92,2
56
Bus
ines
s-ty
pe a
ctiv
ities
:
Oth
er ta
xes
85,6
81
90,1
98
95,5
71
101,
665
10
7,93
0
114,
575
16
0,78
5
210,
121
26
4,14
5
236,
713
Inve
stm
ent e
arni
ngs
67,1
58
98,3
24
66,2
86
162,
363
24
0,28
4
243,
356
46
,845
25,1
73
12
,585
6,65
1
Mis
cella
neou
s51
,761
51
,392
62
,401
57
,179
2,
288,
887
38,8
91
69
5,73
3
-
-
-
G
ain
on s
ale
of c
apita
l ass
et12
,075
8,
814
1,20
0
(1
0,52
6)
-
60,9
23
3,
042
-
-
-
T
rans
fers
(851
,269
)
(4
78,6
01)
(1,8
84,1
85)
(1
51,6
50)
(219
,199
)
(3
15,5
26)
(4
39,2
65)
(7
2,81
9)
(475
,001
)
(312
,024
)
Tot
al b
usin
ess-
type
act
iviti
es(6
34,5
94)
(229
,873
)
(1
,658
,727
)
159,
031
2,
417,
902
142,
219
46
7,14
0
162,
475
(1
98,2
71)
(6
8,66
0)
Tot
al p
rimar
y go
vern
men
t46
,855
,744
$
55
,540
,350
$
59
,432
,230
$
64
,216
,551
$
69
,765
,019
$
70
,251
,772
$
68
,187
,622
$
71
,169
,598
$
70
,996
,017
$
74
,823
,596
$
Ch
ang
e in
Net
Ass
ets
Gov
ernm
enta
l act
iviti
es(1
1,53
8,24
4)$
(1,9
83,0
63)
$
7,
114,
377
$
7,96
2,23
7$
7,
386,
001
$
(10,
596,
796)
$
(2
5,98
7,82
5)$
(19,
756,
479)
$
1,
467,
231
$
5,75
5,10
5$
Bus
ines
s-ty
pe a
ctiv
ities
4,12
5,42
2
2,
135,
547
3,65
8,12
6
11
,743
,688
28
,198
,854
14
,801
,927
34
,125
,821
38
,436
,083
53
,299
,540
25
,172
,125
Tot
al p
rimar
y go
vern
men
t(7
,412
,822
)$
152,
484
$
10
,772
,503
$
19
,705
,925
$
35
,584
,855
$
4,
205,
131
$
8,13
7,99
6$
18
,679
,604
$
54
,766
,771
$
30
,927
,230
$
Not
e: H
arne
tt C
ount
y im
plem
ente
d G
AS
B S
tate
men
t 34
in F
isca
l Yea
r 20
03.
In th
e fu
ture
, up
to n
ine
(9)
prio
r ye
ars
will
be
pre
sent
ed w
ith th
e cu
rren
t yea
r to
illu
stra
te th
e C
ount
y's
finan
cial
per
form
ance
ove
r tim
e.
178
Bu
sin
es
s-t
yp
e
Ac
tivit
ies
Fis
ca
l Y
ea
rA
d V
alo
rem
Sa
les
Ta
x
Ex
cis
e S
tam
p -
Rea
l P
rop
ert
yO
cc
up
an
cy T
ax
Cab
le F
ran
ch
ise
Lic
en
se
So
lid
Wa
ste
To
tal
20
03
30
,86
2,0
61
$
1
3,2
41
,69
5$
22
6,3
15
$
27
6,2
93
$
14
9,3
11
$
85
,68
1$
44
,84
1,3
56
$
20
04
36
,53
8,8
96
1
5,5
68
,68
4
32
5,9
96
30
4,9
54
16
5,7
88
90
,19
8
52
,99
4,5
16
20
05
38
,05
2,7
69
1
6,9
63
,20
4
35
8,9
56
28
9,0
62
18
5,0
14
95
,57
1
55
,94
4,5
76
20
06
40
,42
0,0
76
1
8,1
24
,25
8
47
8,8
06
27
0,4
06
17
8,4
54
10
1,6
65
59
,57
3,6
65
20
07
42
,32
2,4
60
2
0,0
68
,21
1
56
8,1
95
33
2,3
59
18
3,1
53
10
7,9
30
63
,58
2,3
08
20
08
44
,19
9,4
61
2
0,7
57
,23
6
45
3,5
52
39
3,7
21
21
5,6
03
11
4,5
75
66
,13
4,1
48
20
09
46
,96
9,5
67
1
6,5
08
,23
6
35
4,9
55
36
2,7
17
23
6,6
21
17
8,1
88
64
,61
0,2
84
20
10
56
,56
0,7
48
1
2,3
67
,17
5
38
0,8
83
37
2,1
87
22
2,4
18
21
0,1
21
70
,11
3,5
32
20
11
56
,37
2,1
31
1
2,2
88
,77
2
37
3,0
65
39
4,0
58
24
6,2
33
22
4,1
53
69
,89
8,4
12
20
12
58
,04
3,5
32
1
4,8
90
,15
0
38
0,6
40
41
7,6
02
23
2,0
46
23
6,7
13
74
,20
0,6
83
Ha
rnett
Co
un
ty,
No
rth
Caro
lin
a
Ta
x R
eve
nu
es
By S
ou
rce
Note
: H
arn
ett
Co
un
ty im
ple
me
nte
d G
AS
B S
tate
me
nt
34
in
Fis
ca
l Y
ea
r 2
00
3.
In
th
e f
utu
re,
up
to
nin
e (
9)
pri
or
ye
ars
will
be
pre
se
nte
d w
ith
th
e c
urr
en
t ye
ar
to
illu
str
ate
th
e C
ou
nty
's f
ina
ncia
l p
erf
orm
an
ce
ove
r tim
e.
Go
ve
rnm
en
tal
Ac
tivit
ies
(Un
au
dit
ed
)
Las
t T
en
Fis
ca
l Y
ears
(acc
rual
bas
is o
f a
cc
ou
nti
ng
)
179
2003
2004
120
0520
0620
07 2
2008
2009
³20
1020
1120
12
Gen
eral
Fu
nd
R
eser
ved
5,84
1,97
3$
7,07
2,50
4$
7,24
7,01
2$
8,95
1,36
8$
9,59
0,85
7$
11,3
34,3
21$
9,
113,
259
$
7,
586,
459
$
-$
-$
U
nres
erve
d5,
701,
058
9,
557,
195
11
,131
,214
9,84
5,74
6
13,2
69,3
57
13
,642
,598
9,32
7,60
2
8,85
8,32
5
-
-
Non
-Spe
ndab
le-
-
-
-
-
-
-
-
52,2
71
74
8,22
4
R
estr
icte
d-
-
-
-
-
-
-
-
7,34
7,53
0
8,
789,
704
C
omm
itted
-
-
-
-
-
-
-
-
-
57
4,13
3
A
ssig
ned
-
-
-
-
-
-
-
-
-
-
Una
ssig
ned
-
-
-
-
-
-
-
-
11
,279
,350
13
,212
,441
Tot
al G
ener
al F
und
11,5
43,0
31$
16
,629
,699
$
18,3
78,2
26$
18
,797
,114
$
22,8
60,2
14$
24
,976
,919
$
18,4
40,8
61$
16,4
44,7
84$
18,6
79,1
51$
23,3
24,5
02$
All
oth
er g
ove
rnm
enta
l fu
nd
s
Res
erve
d5,
728,
330
$
3,
544,
560
$
5,
425,
700
$
7,
316,
481
$
5,
416,
089
$
2,
704,
804
$
1,
001,
871
$
52
4,21
5$
-$
-$
U
nres
erve
d, u
ndes
igna
ted
repo
rted
in
-
-
-
-
39,7
82,0
95
20
,237
,681
2,87
0,39
9
-
-
-
maj
or g
over
nmen
tal f
unds
U
nres
erve
d, r
epor
ted
in n
onm
ajor
:
S
peci
al R
even
ue81
,387
45
1,48
6
63
5,57
8
68
9,25
0
73
1,40
1
41
2,40
6
97
5,14
7
71
8,29
9
-
-
N
on-S
pend
able
-
-
-
-
-
-
-
-
-
2,
612
R
estr
icte
d-
-
-
-
-
-
-
-
6,70
0,40
4
2,
212,
333
C
omm
itted
-
-
-
-
-
-
-
-
19
8,65
2
103,
168
Ass
igne
d-
-
-
-
-
-
-
-
143,
764
60
,662
U
nass
igne
d-
-
-
-
-
-
-
-
(974
,816
)
(470
,924
)
Cap
ital P
roje
cts
15,7
04,7
03
8,
170,
493
5,
226,
273
2,
432,
420
2,
189,
267
7,
617,
069
28
,479
,842
10
,366
,092
-
-
Tot
al a
ll ot
her
gove
rnm
enta
l fun
ds21
,514
,420
$
12,1
66,5
39$
11
,287
,551
$
10,4
38,1
51$
48
,118
,852
$
30,9
71,9
60$
33
,327
,259
$
11
,608
,606
$
6,
068,
004
$
1,90
7,85
1$
1 D
ecre
ase
in F
und
Bal
ance
for
all o
ther
gov
ernm
enta
l fun
ds is
due
to th
e cl
osin
g of
var
ious
pro
ject
s fr
om th
e pr
ior
year
.
Not
e: H
arne
tt C
ount
y im
plem
ente
d G
AS
B S
tate
men
t 34
in F
isca
l Yea
r 20
03.
In th
e fu
ture
, up
to n
ine
(9)
prio
r ye
ars
will
be
pre
sent
ed w
ith th
e cu
rren
t yea
r to
illu
stra
te th
e C
ount
y's
finan
cial
per
form
ance
ove
r tim
e.
3 T
he in
crea
se in
Fun
d B
alan
ce fo
r al
l oth
er g
over
nmen
tal f
unds
is d
ue to
the
cash
on
depo
sit w
ith a
n es
crow
age
nt fo
r th
e B
oon
e T
rail
Ele
men
tary
Sch
ool C
apita
l Pro
ject
Fun
d.
C
apita
l Pro
ject
Fun
ds.
Har
net
t C
ou
nty
, No
rth
Car
olin
aF
un
d B
alan
ces
of
Go
vern
men
tal F
un
ds
Las
t T
en F
isca
l Yea
rs(m
od
ifie
d a
ccru
al b
asis
of
acco
un
tin
g)
(Un
aud
ited
)
Fis
cal Y
ear
En
ded
Ju
ne
30
2 T
he in
crea
se in
Fun
d B
alan
ce fo
r al
l oth
er g
over
nmen
tal f
unds
is d
ue to
the
cash
on
depo
sit w
ith a
n es
crow
age
nt fo
r th
e La
w E
nfor
cem
ent E
xpan
sion
and
Ove
rhill
s E
lem
enta
ry C
apita
l
180
2003
2004
2005
2006
2007
12008
2009
2010
2011
2012
Reven
ues
Ad v
alo
rem
taxes
32,0
79,8
11
$
37,1
66,8
36
$
38,6
43,9
43
$
40,8
85,7
46
$
42,3
60,1
97
$
44,6
72,7
44
$
47,0
60,0
09
$
55,4
07,6
12
$
56,4
37,1
82
$
58,0
43,5
32
$
Oth
er
taxes a
nd lic
enses
13,8
93,6
14
16,3
65,4
22
17,7
96,2
36
19,0
51,9
24
21,1
53,1
47
21,8
20,1
12
17,4
62,5
29
14,2
11,7
85
14,1
88,2
99
15,9
19,4
38
Unre
str
icte
d Inte
rgovern
menta
l48,7
41
108,3
41
86,1
53
55,1
49
111,4
81
121,2
82
97,4
70
70,4
13
125,8
45
347,2
02
Restr
icte
d Inte
rgovern
menta
l18,6
88,6
12
17,4
46,0
97
19,4
77,7
27
19,9
99,1
56
18,9
67,3
65
21,6
90,3
72
21,7
67,4
68
22,8
69,2
84
21,6
15,0
25
20,5
80,5
05
Perm
its a
nd fees
2,4
56,9
59
2,7
94,4
94
2,9
19,3
26
3,1
81,8
55
3,3
49,8
08
4,1
36,9
68
3,2
96,5
21
3,1
53,0
29
3,3
82,0
05
3,6
21,7
52
Sale
s a
nd s
erv
ices
5,5
59,8
92
6,5
14,8
59
7,6
22,5
30
8,6
17,6
45
8,5
30,5
03
8,7
59,6
07
9,2
11,3
09
7,6
48,9
67
9,9
97,0
03
9,4
81,2
57
Investm
ent earn
ings
744,8
38
778,0
59
537,6
00
1,0
23,8
17
1,5
57,8
86
2,2
86,0
39
470,0
83
91,3
58
33,0
12
15,4
92
Contr
ibutions
775
832,5
30
1,4
71,7
48
2,4
90,4
99
2,0
37,7
82
23,2
50
164,8
85
-
-
-
Oth
er
genera
l re
venues
1,5
02,4
39
2,1
94,3
79
2,7
93,1
79
2,1
28,8
50
1,6
08,1
89
2,4
14,7
23
2,1
02,5
32
1,9
51,4
79
1,9
12,8
34
2,1
13,6
09
T
ota
l re
venues
74,9
75,6
81
84,2
01,0
17
91,3
48,4
42
97,4
34,6
41
99,6
76,3
58
105,9
25,0
97
101,6
32,8
06
105,4
03,9
27
107,6
91,2
05
110,1
22,7
87
Exp
en
dit
ure
s
Genera
l govern
ment
10,3
93,3
84
11,8
13,8
70
14,9
37,1
19
15,5
94,7
81
14,0
87,3
33
40,9
76,3
58
33,5
88,8
24
31,8
22,0
46
14,8
69,7
28
10,2
14,2
97
Public
safe
ty15,9
70,5
70
18,6
64,8
58
20,4
08,2
43
23,7
29,8
57
22,6
61,8
65
25,1
71,2
03
27,4
71,9
31
29,3
85,4
73
29,2
94,0
16
31,2
18,6
22
Environm
enta
l pro
tection
91,2
10
122,5
73
164,9
91
118,1
13
129,9
17
136,0
95
192,1
34
184,1
47
163,2
85
118,1
66
Tra
nsport
ation
48,3
09
78,6
93
89,6
13
90,5
47
176,9
58
132,0
91
314,3
78
149,4
35
149,8
39
160,0
68
Econom
ic a
nd p
hys
ical
d
evelo
pm
ent
3,7
07,5
73
3,0
62,3
06
5,0
12,2
25
5,3
50,2
14
6,7
79,2
69
6,1
30,5
42
6,5
56,5
10
6,2
14,1
96
5,9
31,8
86
6,2
70,6
44
Hum
an s
erv
ices
22,8
39,0
33
23,2
37,4
55
26,4
46,7
17
27,2
76,4
63
29,2
65,2
49
30,8
93,9
00
27,1
67,8
25
24,9
11,5
94
25,0
78,8
28
24,6
22,5
10
Cultura
l and r
ecre
ational
805,6
54
985,8
71
1,0
58,2
45
1,2
27,7
03
1,2
06,4
77
1,5
63,9
68
1,5
56,1
75
1,5
89,4
85
1,5
49,7
73
1,3
54,8
84
Education
29,0
87,9
39
24,0
34,6
12
18,3
35,7
54
16,9
48,7
07
18,0
06,4
32
19,9
28,8
49
30,0
06,2
35
22,7
01,0
55
22,2
39,6
71
24,1
15,7
65
Debt S
erv
ice
P
rincip
al
3,7
19,3
08
8,8
50,2
13
5,1
24,9
59
5,7
10,0
97
11,3
49,8
47
7,2
18,6
31
8,0
01,5
20
7,7
21,4
89
6,6
66,0
65
7,1
76,8
38
Inte
rest and fees
4,2
99,9
51
3,6
95,9
64
3,2
46,7
17
3,1
53,1
51
2,9
91,2
34
4,6
22,3
27
4,9
11,0
09
4,5
62,2
24
6,0
32,8
25
5,1
39,6
00
D
ebt is
suance c
ost
-
-
-
-
-
558
803,9
00
-
-
-
Tota
l prim
ary
govern
ment
e
xpenses
90,9
62,9
31
94,5
46,4
15
94,8
24,5
83
99,1
99,6
33
106,6
54,5
81
136,7
74,5
22
140,5
70,4
41
129,2
41,1
44
111,9
75,9
16
110,3
91,3
94
Excess o
f re
venues o
ver
(
under)
expenditure
s(1
5,9
87,2
50)
(10,3
45,3
98)
(3,4
76,1
41)
(1
,764,9
92)
(6,9
78,2
23)
(30,8
49,4
25)
(38,9
37,6
35)
(23,8
37,2
17)
(4,2
84,7
11)
(268,6
07)
Fis
cal Y
ear
En
ded
Ju
ne 3
0
Harn
ett
Co
un
ty, N
ort
h C
aro
lin
a
Ch
an
ges in
Fu
nd
Bala
nces o
f G
overn
men
tal F
un
ds
Last
Ten
Fis
cal Y
ears
(mo
dif
ied
accru
al b
asis
of
acco
un
tin
g)
(Un
au
dit
ed
)
181
2003
2004
2005
2006
2007
12008
2009
2010
2011
2012
Fis
cal Y
ear
En
ded
Ju
ne 3
0
Harn
ett
Co
un
ty, N
ort
h C
aro
lin
a
Ch
an
ges in
Fu
nd
Bala
nces o
f G
overn
men
tal F
un
ds
Last
Ten
Fis
cal Y
ears
(mo
dif
ied
accru
al b
asis
of
acco
un
tin
g)
(Un
au
dit
ed
)
Oth
er
fin
an
cin
g s
oru
ces (
uses)
Bonds a
nd C
apital le
ase
issuance
10,9
58
24,1
81,3
48
3,8
53,7
95
1,1
82,8
30
48,5
02,8
24
15,5
03,7
12
35,2
90,3
78
-
20,8
03,0
00
329,4
85
Long-t
erm
debt re
funded
-
-
-
-
-
-
-
-
-
24,0
33,6
90
Bond p
rem
ium
-
1,1
16,7
22
-
-
-
-
656,3
43
-
35,4
75
-
Paym
ent to
escro
w a
gent
-
(20,6
10,4
63)
-
-
-
-
-
-
(20,0
35,0
00)
(23,9
21,3
94)
Tra
nsfe
rs in
3,7
29,3
21
3,4
30,7
46
4,5
35,3
67
3,7
21,3
94
6,2
78,7
26
5,8
92,8
78
5,9
87,5
31
423,1
25
1,9
42,9
17
3,7
63,8
94
Tra
nsfe
rs o
ut
(2,8
78,0
52)
(2,9
52,1
45)
(4,0
43,4
82)
(3
,569,7
44)
(6,0
59,5
26)
(5,5
77,3
52)
(5,5
48,2
66)
-
(1,7
67,9
16)
(3,4
51,8
70)
T
ota
l oth
er
financin
g
s
ourc
es (
uses)
862,2
27
5,1
66,2
08
4,3
45,6
80
1,3
34,4
80
48,7
22,0
24
15,8
19,2
38
36,3
85,9
86
423,1
25
978,4
76
753,8
05
Net change in fund
b
ala
nces
(15,1
25,0
23)
$
(5,1
79,1
90)
$
869,5
39
$
(430,5
12)
$
41,7
43,8
01
$
(15,0
30,1
87)
$
(2,5
51,6
49)
$
(23,4
14,0
92)
$
(3,3
06,2
35)
$
485,1
98
$
Debt serv
ice a
s a
perc
enta
ge o
f
o
f non-c
apital expenditure
s9.0
2%
13.6
7%
9.4
5%
9.6
1%
14.1
1%
9.9
0%
9.7
2%
9.7
4%
11.4
1%
11.2
8%
1
The incre
ase in T
ota
l oth
er
Fin
ancin
g S
ourc
es
is d
ue to the issuance o
f th
e 2
007 C
ert
ific
ate
s o
f P
art
icip
ation for
the L
aw
Enfo
rcem
ent C
ente
r,
O
verh
ills E
lem
enta
ry S
chool, C
oats
Ele
menta
ry S
chool G
ymnasiu
m p
roje
cts
.
182
Fis
ca
l Y
ea
rA
d V
alo
rem
Sa
les
Ta
x
Ex
cis
e S
tam
p
Rea
l P
rop
ert
y O
cc
up
an
cy T
ax
Ca
ble
TV
Fra
nc
his
e
To
tal
20
02
29
,49
9,4
46
$
1
1,5
70
,77
5$
22
2,7
33
$
1
71
,30
6$
14
2,8
21
$
4
1,6
07
,08
1$
20
03
32
,07
9,8
11
1
3,2
41
,69
5
22
6,3
15
2
76
,29
3
14
9,3
11
4
5,9
73
,42
5
20
04
37
,16
6,8
36
1
5,5
68
,68
4
32
5,9
96
3
04
,95
4
16
5,7
88
5
3,5
32
,25
8
20
05
38
,64
3,9
43
1
6,9
63
,20
4
35
8,9
56
2
89
,06
2
18
5,0
14
5
6,4
40
,17
9
20
06
40
,88
5,7
46
1
8,1
24
,25
8
47
8,8
06
2
70
,40
6
17
8,4
54
5
9,9
37
,67
0
20
07
42
,32
2,4
60
2
0,0
68
,21
1
56
8,1
95
3
32
,35
9
18
3,1
53
6
3,4
74
,37
8
20
08
44
,19
9,4
61
2
0,7
57
,23
6
45
3,5
52
3
93
,72
1
21
5,6
03
6
6,0
19
,57
3
20
09
42
,55
1,8
22
1
5,3
37
,11
7
35
4,9
55
3
62
,71
7
23
6,6
21
5
8,8
43
,23
2
20
10
55
,40
7,6
12
1
3,2
36
,29
7
38
0,8
83
3
72
,18
7
22
2,4
18
6
9,6
19
,39
7
20
11
50
,87
9,7
84
1
2,2
88
,77
2
37
3,0
65
3
94
,05
8
24
6,2
33
6
4,1
81
,91
2
20
12
52
,12
9,5
22
1
3,9
14
,55
5
38
0,6
40
4
17
,60
2
23
2,0
46
6
7,0
74
,36
5
1
Inclu
de
s A
d V
alo
rem
Ta
x a
nd
Oth
er
Ta
xe
s a
nd
Lic
en
se
s
(Un
au
dit
ed
)
Ha
rnett
Co
un
ty,
No
rth
Caro
lin
a
Ge
ne
ral
Go
ve
rnm
en
tal
Ta
x R
eve
nu
es
by S
ou
rce
1
Las
t T
en
Fis
ca
l Y
ears
(mo
dif
ied
acc
rual
bas
is o
f a
cc
ou
nti
ng
)
183
Fis
ca
l
Esti
mate
dA
ss
es
se
d
Yea
r
Les
s:
To
tal
To
tal
Actu
al
Valu
e a
s a
En
ded
Rea
lP
ub
lic
M
oto
r T
ax
Exe
mp
tA
ss
es
se
dD
irec
tT
ax
ab
leP
erc
en
tag
e o
f
Ju
ne 3
0P
rop
ert
yS
erv
ice
1V
eh
icle
Oth
er
Rea
l P
rop
ert
y 2
Valu
eT
ax
Rate
Valu
e 3
Actu
al
Valu
e 4
19
99
2,1
62,1
30,1
79
$
11
6,5
88,9
28
$
45
3,6
02,1
34
$
27
1,8
90,2
38
$
-$
3,0
04,2
11,4
79
$
0.6
83,1
80,2
58,2
72
$
94
.46%
20
03
2,8
92,5
77,4
36
$
12
0,4
94,6
99
$
55
2,8
82,6
27
$
30
9,5
99,7
19
$
11
5,4
94,6
70
$
3,7
60,0
59,8
11
$
0.7
60
$
4,2
95,1
16,3
22
$
87
.54%
20
04
3,7
16,8
32,1
64
13
7,8
07,9
59
58
4,9
23,6
07
29
1,3
44,9
48
15
7,9
61,6
60
4,5
72,9
47,0
18
0.7
35
4,5
72,9
47,0
18
10
0.0
0%
20
05
3,8
16,6
47,0
64
13
7,9
20,6
39
60
9,4
45,2
87
29
5,5
95,8
27
16
3,5
01,8
20
4,6
96,1
06,9
97
0.7
35
4,9
15,8
84,8
04
95
.53%
20
06
4,0
06,6
28,6
71
14
5,9
51,7
03
64
2,2
19,4
18
30
2,1
41,6
50
16
8,4
12,2
60
4,9
28,5
29,1
82
0.7
35
5,4
51,3
09,7
91
90
.41%
20
07
4,2
41,4
54,8
29
15
1,6
73,4
22
66
8,6
54,8
72
29
3,3
67,9
60
18
3,0
46,2
60
5,1
72,1
04,8
23
0.7
35
5,7
20,7
22,0
69
90
.41%
20
08
4,5
03,5
16,3
27
13
4,2
15,5
87
70
7,3
44,5
04
32
2,1
88,4
01
18
3,2
56,8
10
5,4
84,0
08,0
09
0.7
35
6,6
89,4
46,2
17
81
.98%
20
09
4,5
24,7
17,5
46
14
1,0
54,8
93
77
1,7
47,4
21
34
8,6
54,0
07
19
3,3
86,2
50
5,5
92,7
87,6
17
0.7
35
6,8
22,1
36,6
39
81
.98%
20
10
5,9
86,0
60,6
09
17
2,7
44,1
03
73
4,2
79,3
27
34
7,3
11,2
98
27
3,5
41,7
30
6,9
66,8
53,6
07
0.7
25
6,9
54,3
13,2
70
99
.82%
20
11
5,8
52,3
87,5
98
16
7,7
79,8
81
75
1,1
93,3
80
40
5,7
03,7
86
27
7,1
87,3
60
6,8
99,8
77,2
85
0.7
25
6,7
35,6
60,2
06
97
.62%
20
12
6,2
94,3
92,7
39
17
0,0
24,0
73
70
5,5
02,2
12
27
9,7
52,6
47
26
9,3
98,3
20
7,1
80,2
73,3
51
0.7
25
7,1
13,4
96,8
09
99
.07%
3E
stim
ate
dactu
alta
xab
levalu
ere
flects
an
incre
ase
inre
ala
nd
exem
pt
pro
pert
y.
Estim
ate
dA
ctu
alT
axab
leV
alu
ew
as
com
pu
ted
by
usin
gR
ea
lE
sta
teA
ssesm
en
tS
ale
sR
atio
Stu
dy
Perc
en
tage
s fro
m th
e N
ort
h C
aro
lina
Dep
art
men
t o
f R
even
ue
.
Note
:A
revalu
ation
of
rea
lpro
pert
yis
req
uir
ed
by
Nort
hC
aro
lina
Ge
ne
ralS
tatu
tes
at
lea
st
every
eig
hts
yea
rs.
Assesse
dvalu
ation
sare
esta
blis
hed
by
the
Boa
rdo
fC
om
mis
sio
ne
rsa
t
10
0%
of m
ark
et
valu
e a
s o
f th
e y
ea
r o
f th
e r
evalu
ation
.
The
last
revalu
ation
was e
ffe
ctive J
an
ua
ry 1
, 2
00
9 a
nd r
eflecte
d in t
he
201
0 f
iscal yea
r.
4E
stim
ate
dactu
alvalu
es
an
dth
era
tio
of
tota
lasse
ssed
valu
eto
tota
lestim
ate
dactu
alvalu
eh
as
be
en
ad
juste
dto
reflect
up
da
ted
sale
sasse
ssm
en
tra
tio
pe
rcen
tage
sfr
om
the
Nort
h
Caro
lina
Dep
art
men
t o
f R
even
ue
.
5
Den
ote
s t
he y
ea
r in
whic
h a
revalu
ation
was e
ffe
ctive J
an
ua
ry 1
st a
nd
reflecte
d in t
he
fo
llow
ing
fis
ca
l yea
r.
2E
xem
pt
rea
lesta
teon
ly,
do
es
no
tin
clu
de
Eld
erl
yE
xem
ption
or
Defe
rred
.E
xem
pt
pro
pert
ies
are
no
tre
port
ed
inth
eyea
r-to
-yea
rle
vy;
there
fore
,a
nn
ua
lscro
llsw
ere
no
tm
ain
tain
ed.
The
info
rmation
pre
se
nte
d w
as c
om
pile
d fro
m r
ep
ort
s p
rep
are
d fo
r th
e D
ep
art
men
t o
f R
even
ue
.
Sou
rce:
H
arn
ett C
ou
nty
Tax D
ep
art
men
t
1P
ub
licserv
ice
com
pa
nie
s'
pro
pert
yin
clu
des
rea
la
nd
pe
rson
al
pro
pert
yo
futilit
ies,
railr
oa
da
nd
bu
slin
es,
etc
.T
he
se
asse
ssm
en
tsare
mad
eb
yth
eN
ort
hC
aro
lina
Dep
art
men
to
f
Reven
ue
with n
o d
istinctio
n b
etw
ee
n r
ea
l an
d p
ers
on
al p
rop
ert
y.Pers
on
al
Pro
pert
y
Harn
ett
Co
un
ty, N
ort
h C
aro
lin
a
Assessed
Valu
e o
f T
axab
le P
rop
ert
y
Last
Ten
Fis
cal Y
ears
(Un
au
dit
ed
)
184
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Harn
ett
Co
un
ty0
.76
0
0.7
60
0
.73
5
0.7
35
0
.73
5
0.7
35
0
.73
5
0.7
25
0
.72
5
0.7
25
Mu
nic
ipa
litie
s:
(1)
City o
f D
un
n0
.46
0
0.4
60
0
.46
0
0.4
60
0
.52
0
0.5
20
0
.48
0
0.4
80
0
.48
0
0.4
80
Ave
rsb
oro
Sch
oo
l D
ist
0.0
20
0
.02
0
0.0
20
0
.02
0
0.0
20
0
.02
0
0.0
20
0
.02
0
0.0
20
0
.02
0
Ave
rasb
oro
Fir
e D
ist
0.0
40
0
.04
0
0.0
40
0
.04
0
0.0
70
0
.07
0
0.0
70
0
.07
0
Dow
nto
wn
Re
vita
liza
tio
n0
.12
0
C
om
bin
ed
Ra
te1
.24
0
1.2
40
1
.21
5
1.2
15
1
.27
5
1.2
75
1
.23
5
1.2
25
1
.22
5
1.2
25
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nso
n T
ow
n T
ax,
Sa
telli
te
Pro
pe
rtie
s-
-
-
-
0
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0
0.5
30
0
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0
0.5
30
0
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0
0.5
30
C
om
bin
ed
Ra
te0
.76
0
0.7
60
0
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5
0.7
35
1
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5
1.2
65
1
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5
1.2
55
1
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5
1.2
55
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ad
wa
y T
ow
n T
ax,
Sa
telli
te
Pro
pe
rtie
s0
.49
0
0.4
90
0
.49
0
0.4
70
0
.44
0
0.4
40
0
.44
0
0.4
40
0
.44
0
0.4
40
C
om
bin
ed
Ra
te1
.25
0
1.2
50
1
.22
5
1.2
05
1
.17
5
1.1
75
1
.17
5
1.1
65
1
.16
5
1.1
65
To
wn
of
Lill
ing
ton
0.6
30
0
.56
0
0.5
60
0
.56
0
0.5
60
0
.56
0
0.5
60
0
.52
0
0.5
20
0
.52
0
C
om
bin
ed
Ra
te1
.39
0
1.3
20
1
.29
5
1.2
95
1
.29
5
1.2
95
1
.29
5
1.2
45
1
.24
5
1.2
45
To
wn
of
Coa
ts0
.69
0
0.6
90
0
.64
0
0.6
40
0
.62
0
0.6
20
0
.62
0
0.5
50
0
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0
0.5
90
C
om
bin
ed
Ra
te1
.45
0
1.4
50
1
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5
1.3
75
1
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5
1.3
55
1
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5
1.2
75
1
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5
1.3
15
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wn
of
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gie
r0
.44
0
0.4
40
0
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0
0.5
00
0
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0
0.5
30
0
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0
0.5
30
0
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0
0.5
30
C
om
bin
ed
Ra
te1
.20
0
1.2
00
1
.19
5
1.2
35
1
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5
1.2
65
1
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5
1.2
55
1
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5
1.2
55
To
wn
of
Erw
in0
.55
0
0.5
50
0
.55
0
0.5
50
0
.55
0
0.5
50
0
.55
0
0.5
00
0
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0
0.4
80
C
om
bin
ed
Ra
te1
.31
0
1.3
10
1
.28
5
1.2
85
1
.28
5
1.2
85
1
.28
5
1.2
25
1
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5
1.2
05
Ha
rnett
Co
un
ty,
No
rth
Caro
lin
a
Pro
pert
y T
ax R
ate
s -
Dir
ec
t a
nd
Ove
rla
pp
ing
1 G
ove
rnm
en
ts
Fo
r Y
ea
r E
nd
ed
Ju
ne
30
185
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Fir
e T
ax D
istr
icts
: (2
)
An
de
rso
n C
ree
k0
.11
0
0.1
10
0
.11
0
0.1
10
0
.11
0
0.1
10
0
.11
0
0.1
10
0
.11
0
0.1
10
C
om
bin
ed
Ra
te0
.87
0
0.8
70
0
.84
5
0.8
45
0
.84
5
0.8
45
0
.84
5
0.8
35
0
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5
0.8
35
An
gie
r/B
lack R
ive
r0
.07
0
0.0
63
0
.06
3
0.0
63
0
.07
0
0.0
70
0
.07
0
0.0
70
0
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0
0.0
70
C
om
bin
ed
Ra
te0
.83
0
0.8
23
0
.79
8
0.7
98
0
.80
5
0.8
05
0
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5
0.7
95
0
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5
0.7
95
Be
nh
ave
n0
.07
0
0.0
70
0
.07
0
0.0
70
0
.07
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0.0
70
0
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0
0.0
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0
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0
0.0
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C
om
bin
ed
Ra
te0
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0
0.8
30
0
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5
0.8
05
0
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5
0.8
05
0
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5
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95
0
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5
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05
Be
nso
n B
an
ne
r *
-
-
-
-
-
-
-
-
-
0.0
70
C
om
bin
ed
Ra
te0
.79
5
Bo
on
e T
rail
Em
erg
Se
r0
.07
0
0.0
70
0
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0
0.0
70
0
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0.0
70
0
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0
0.0
70
0
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C
om
bin
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Ra
te0
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0
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30
0
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0.8
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0
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5
0.8
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0
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5
0.7
95
0
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5
0.7
95
Bu
ies C
ree
k0
.10
0
0.1
00
0
.10
0
0.1
00
0
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0.1
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0
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0
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0
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0
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C
om
bin
ed
Ra
te0
.86
0
0.8
60
0
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5
0.8
35
0
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5
0.8
35
0
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5
0.8
25
0
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5
0.8
25
Bu
nn
leve
l R
ura
l F
D0
.11
0
0.1
10
0
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0
0.1
10
0
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0
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10
C
om
bin
ed
Ra
te0
.87
0
0.8
70
0
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5
0.8
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0
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5
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0
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5
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0
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5
0.8
35
Cra
ins C
ree
k0
.10
0
0.1
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0
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0
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0
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0
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0
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0
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C
om
bin
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Ra
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0
0.8
60
0
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5
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0
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5
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35
0
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5
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25
0
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5
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25
Coa
ts-G
rove
0.0
80
0
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0
0.0
80
0
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0
0.0
80
0
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0.0
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0
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0
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C
om
bin
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0
0.8
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0
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5
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0
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5
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0
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5
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05
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5
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05
Ha
rnett
Co
un
ty,
No
rth
Caro
lin
a
Pro
pert
y T
ax R
ate
s -
Dir
ec
t a
nd
Ove
rla
pp
ing
1 G
ove
rnm
en
ts
Fo
r Y
ea
r E
nd
ed
Ju
ne
30
186
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Cyp
ress C
ree
k0
.08
5
0.0
85
0
.08
5
0.0
85
0
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5
0.0
85
0
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5
0.0
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0
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5
0.0
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C
om
bin
ed
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te0
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5
0.8
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0
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0.8
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10
Erw
in F
ire
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t0
.07
0
0.0
70
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0
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C
om
bin
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0.8
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Fla
t B
ran
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0.1
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0
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80
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C
om
bin
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te0
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0
0.9
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0
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5
0.8
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0
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0.8
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0
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Go
dw
in F
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on
*-
-
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0
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om
bin
ed
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te0
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he
rn H
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C
om
bin
ed
Ra
te0
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0
0.8
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0
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5
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0
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5
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0
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5
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05
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ou
t S
pri
ng
s0
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0
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0
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0
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0
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0
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C
om
bin
ed
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te0
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0
0.8
60
0
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5
0.8
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0
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5
0.8
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0
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5
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5
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Su
mm
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ille
0.0
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0
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70
0
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0
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C
om
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ed
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te0
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0.8
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0
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05
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05
0
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0.7
95
0
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5
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We
st
Are
a F
ire
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t*-
-
-
-
-
-
-
-
-
0
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0
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om
bin
ed
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te0
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5
Ha
rnett
Co
un
ty,
No
rth
Caro
lin
a
Pro
pert
y T
ax R
ate
s -
Dir
ec
t a
nd
Ove
rla
pp
ing
1 G
ove
rnm
en
ts
Fo
r Y
ea
r E
nd
ed
Ju
ne
30
187
Ta
xp
aye
r
20
11
Ta
xa
ble
As
se
ss
ed
Va
lue
Ran
k
Pe
rce
nta
ge
of
To
tal
Ta
xa
ble
As
se
ss
ed
Va
lue
20
02
Ta
xa
ble
As
se
ss
ed
Va
lue
Ra
nk
Pe
rce
nta
ge
of
To
tal
Ta
xa
ble
As
se
ss
ed
Va
lue
Pro
gre
ss E
ne
rgy 1
65
,69
3,5
44
$
10
.90
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6,7
07
,89
5$
1
1.5
0%
So
uth
Riv
er
EM
C3
3,2
17
,38
1
2
0.5
0%
Delh
aiz
e A
me
rica
(F
oo
d L
ion
, In
c.)
27
,44
9,3
80
30
.40
%2
5,9
51
,58
0
3
0.8
0%
Caro
lina
Te
lep
ho
ne
25
,66
2,6
09
40
.40
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2,2
21
,00
9
4
0.7
0%
Fo
od
Lio
n S
tore
s,
Dis
trib
utio
n2
2,8
95
,35
3
5
0.3
0%
Cen
tra
l E
MC
16
,78
0,2
86
60
.30
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1,6
82
,87
9
5
0.7
0%
Old
ca
stle
13
,64
3,5
68
70
.20
%-
Wa
l M
art
Rea
l E
sta
te1
2,3
18
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8
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8,4
47
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0
80
.30
%
Win
co
r1
1,6
43
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0
9
0.2
0%
-
CS
X T
ran
sp
ort
atio
n9
35
88
40
10
0.1
0%
-
Mo
rga
nite
-
2
6,3
05
,02
7
2
0.8
0%
Allt
el C
aro
lina
, In
c.
-
9
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0,7
73
6
0.3
0%
Sw
ift
Te
xtile
s,
Inc.
-
8
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4,9
52
7
0.3
0%
Ja
me
s P
. G
od
win
& W
ife
-
8
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9
0.3
0%
An
de
rso
n C
ree
k P
art
ne
rs-
8,1
26
,24
0
10
0.3
0%
To
tal
23
8,6
62
,93
1$
3.5
0%
18
5,7
92
,12
5$
6.0
0%
1 P
rogre
ss E
nerg
y, Inc. m
erg
ed w
ith, and b
ecam
e a
wholly
-ow
ned s
ubsid
iary
of
Duke E
nerg
y C
orp
ora
tion o
n J
uly
2, 2012
So
urc
e:
Ha
rne
tt C
ou
nty
Ta
x D
ep
art
me
nt
20
12
20
03
Ha
rnett
Co
un
ty,
No
rth
Caro
lin
a
Pri
ncip
al
Pro
pert
y T
axp
aye
rs
Te
n Y
ear
Co
mp
ari
so
n
(Un
au
dit
ed
)
188
Fis
ca
lP
erc
en
t o
f
Ye
ar
P
erc
en
tC
oll
ec
ted
in
T
ota
l T
ax
En
de
dT
ota
l T
ax
Cu
rre
nt
Ta
xo
f N
et
Le
vy
S
ub
se
qu
en
tT
ota
l T
ax
Co
lle
cti
on
s
Ju
ne
30
Le
vy
Co
lle
cti
on
sC
oll
ec
ted
Ye
ars
Co
lle
cti
on
sT
o N
et
Le
vy
20
03
12
8,7
73
,24
1$
2
6,9
14
,38
3$
9
3.5
4%
1,6
99
,83
8$
28
,61
4,2
21
$
99
.45
%
20
04
33
,71
5,2
56
31
,98
6,3
55
94
.87
%1
,58
8,0
30
3
3,5
74
,38
5
9
9.5
8%
20
05
35
,23
2,0
94
33
,77
8,9
40
95
.88
%1
,32
6,3
51
3
5,1
05
,29
1
9
9.6
4%
20
06
36
,28
6,5
97
35
,10
6,1
94
96
.75
%1
,07
5,4
35
3
6,1
81
,62
9
9
9.7
1%
20
07
38
,22
2,5
71
36
,93
9,7
26
96
.64
%1
,17
2,9
54
3
8,1
12
,68
0
9
9.7
1%
20
08
40
,17
9,8
62
38
,93
5,4
59
96
.90
%1
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3,4
08
4
0,0
58
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7
9
9.7
0%
20
09
41
,99
0,2
53
40
,79
1,8
33
97
.15
%1
,07
6,4
57
4
1,8
68
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09
9.7
1%
20
10
49
,57
1,7
30
48
,32
5,3
14
97
.48
%1
,05
4,0
16
4
9,3
79
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09
9.6
1%
20
11
50
,65
3,9
06
49
,45
7,4
51
97
.48
%9
05
,85
0
5
0,3
63
,30
19
9.4
3%
20
12
52
,11
6,7
30
50
,73
3,8
56
97
.35
%-
50
,73
3,8
56
97
.35
%
1
De
no
tes t
he
ye
ar
in w
hic
h a
re
va
lua
tio
n w
as e
ffe
ctive
on
Ja
nu
ary
1st
an
d r
efle
cte
d in
th
e f
ollo
win
g f
isca
l ye
ar.
So
urc
e:
Ha
rne
tt C
ou
nty
Ta
x D
ep
art
me
nt
Co
lle
cte
d w
ith
in t
he
Fis
ca
l Y
ea
r o
f th
e L
evy
To
tal
Co
lle
cti
on
s t
o D
ate
Ha
rnett
Co
un
ty,
No
rth
Caro
lin
a
Pro
pert
y T
ax L
evie
s a
nd
Co
lle
cti
on
s -
Ge
ne
ral
Fu
nd
Las
t T
en
Fis
ca
l Y
ears
(Un
au
dit
ed
)
189
Fis
ca
l Y
ea
r
Cap
itali
ze
d
Lea
se
s
Insta
llm
en
t
Pu
rch
as
e
Cap
itali
ze
d
Lea
se
s
Insta
llm
en
t
Pu
rch
as
e
Ge
nera
l
Ob
lig
ati
on
Bo
nd
s
Reven
ue
Bo
nd
s
Sta
te B
on
d
Lo
an
To
tal
Pri
mary
Go
vern
men
t
Perc
en
tag
e o
f
Pers
on
al
Inco
me 1
Per
Cap
ita 1
20
02
1,2
81,2
00
$
80
,552
,021
$
97
,465
$
11
,410
,218
$
19
,454
,350
$
-$
7,2
45,8
00
$
12
0,0
41,0
54
$
N/A
1,2
48
$
20
03
95
0,9
22
76
,832
,713
77
,502
10
,297
,150
18
,922
,200
-
7,7
61,3
87
11
4,8
41,8
74
5.1
6%
1,1
61
20
04
92
5,5
83
73
,341
,011
29
0,3
06
10
,864
,283
18
,543
,900
-
7,2
24,3
43
11
1,1
89,4
26
4.6
8%
1,1
09
20
05
1,0
17,8
24
70
,585
,320
21
5,7
76
10
,902
,366
17
,940
,300
-
6,6
87,2
99
10
7,3
48,8
85
4.2
4%
1,0
55
20
06
94
1,0
63
66
,134
,470
13
8,6
54
11
,035
,549
17
,210
,400
-
15
,676
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11
1,1
36,8
52
3.3
1%
1,0
70
20
07
73
6,7
26
10
1,6
83,3
32
70
,963
11
,503
,883
16
,452
,000
15
,265
,909
19
,358
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16
5,0
71,2
65
7.6
0%
1,5
53
20
08
90
5,9
25
11
0,2
90,6
19
13
,455
10
,161
,918
25
,417
,000
14
,825
,000
18
,365
,522
17
9,9
79,4
39
8.0
7%
1,6
35
20
09
72
5,6
20
13
7,9
10,5
47
-
9,0
70,0
01
24
,591
,000
40
,825
,000
18
,039
,119
23
1,1
61,2
87
N/A
2,0
63
20
10
49
8,5
04
13
1,9
23,7
91
-
7,9
20,7
48
23
,805
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39
,895
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16
,752
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22
0,7
95,1
18
N/A
1,9
07
20
11
29
9,7
73
12
6,2
24,4
56
-
6,8
58,8
51
23
,013
,000
13
,350
,000
15
,465
,030
18
5,2
11,1
10
N/A
1,6
15
20
12
43
7,2
97
12
0,7
98,2
69
-
5,7
58,3
67
35
,297
,000
12
,805
,000
25
,551
,602
20
0,6
47,5
35
N/A
1,6
53
Go
vern
men
tal
Acti
vit
ies
Bu
sin
es
s-T
yp
e A
cti
vit
ies
Deta
ils r
eg
ard
ing t
he C
ou
nty
's o
uts
tand
ing
deb
t ca
n b
e fo
un
d in t
he
note
s t
o th
e f
ina
ncia
l sta
tem
en
ts.
Harn
ett
Co
un
ty, N
ort
h C
aro
lin
a
Rati
os o
f O
uts
tan
din
g D
eb
t b
y T
yp
e
(Un
au
dit
ed
)
1P
rovid
ed
by
the
NC
Dep
art
men
to
fC
om
merc
e.
La
test
info
rmation
availa
ble
isre
pre
se
nte
d.
Refe
rto
the
sche
du
leo
np
ag
eP
-18
for
pe
rson
alin
co
me
an
dpo
pu
latio
nda
ta.
For
the
fiscal
yea
rs e
nd
ing
200
9 a
nd f
orw
ard
, th
e P
ers
on
al In
co
me e
xpre
sse
d a
s a
to
tal do
llar
am
ou
nt
for
the C
ou
nty
is n
o lon
ge
r a
vaila
ble
.
Last
Ten
Fis
cal Y
ears
190
Go
vern
men
tal
Un
itD
eb
t O
uts
tan
din
g
Esti
mate
d P
erc
en
tag
e
Ap
plic
ab
le 1
Esti
mate
d S
hare
of
Overl
ap
pin
g D
eb
t
Harn
ett C
ou
nty
D
eb
t re
paid
with p
rop
ert
y ta
xes
12
1,2
35,5
66
$
1
00
%12
1,2
35,5
66
$
Tota
l d
irect
deb
t12
1,2
35,5
66
Mun
icip
alit
y:
T
ow
n o
f A
ng
ier
2,2
51,0
90
1
00
%2,2
51,0
90
T
ow
n o
f C
oa
ts-
10
0%
-
C
ity o
f D
unn
6,3
30,8
67
1
00
%6,3
30,8
67
T
ow
n o
f E
rwin
13
1,8
94
1
00
%13
1,8
94
T
ow
n o
f L
illin
gto
n-
10
0%
-
To
tal o
ve
rla
pp
ing
de
bt
8,7
13,8
51
Tota
l d
irect
and
overl
ap
pin
g d
ebt
12
9,9
49,4
17
$
1T
he
pe
rcen
tage
of
overl
ap
pin
gd
eb
tap
plic
ab
leis
estim
ate
db
ycon
sid
eri
ng
that
the
resid
en
tso
fth
eT
ow
ns
are
resp
on
sib
lefo
rn
ot
on
lyth
e
de
bt
of th
e T
ow
n,
but
the C
ou
nty
as w
ell.
Note
:O
verl
ap
pin
ggo
vern
men
tsare
those
that
coin
cid
e,
at
lea
st
inpa
rt,
with
the
ge
og
rap
hic
bo
un
da
ries
of
the
Cou
nty
.T
his
sche
du
le
estim
ate
sth
epo
rtio
no
fth
eou
tsta
nd
ing
de
bt
of
those
overl
ap
pin
ggo
vern
men
tsth
at
isbo
rne
by
the
resid
en
tsa
nd
bu
sin
esses
of
Harn
ett
Cou
nty
.T
his
pro
ce
ss
reco
gn
izes
that,
whe
ncon
sid
eri
ng
the
go
vern
men
t's
ab
ility
tois
sue
an
dre
pay
lon
g-t
erm
de
bt,
the
en
tire
de
bt
bu
rde
n
bo
rne
by
the
resid
en
tsa
nd
bu
sin
esses
sho
uld
be
taken
into
acco
un
t.H
ow
ever,
this
do
es
no
tim
ply
that
every
taxpa
yer
isa
resid
en
t,a
nd
there
fore
resp
on
sib
le f
or
rep
ayin
g th
e d
ebt,
of e
ach
overl
ap
pin
g g
overn
men
t.
Harn
ett
Co
un
ty, N
ort
h C
aro
lin
a
Dir
ect
an
d O
verl
ap
pin
g G
ov
ern
men
tal A
cti
vit
ies D
eb
t
Fo
r th
e F
iscal Y
ear
En
ded
Ju
ne 3
0, 2012
(Un
au
dit
ed
)
191
Net
Fis
ca
l R
eve
nu
e
Ye
ar
D
irec
tA
va
ila
ble
En
de
dG
ros
sO
pe
rati
ng
for
De
bt
Deb
t S
erv
ice
Re
qu
ire
me
nts
Ju
ne
30
Reve
nu
es
1E
xp
en
se
s 2
Se
rvic
eP
rin
cip
al
Inte
res
tT
ota
lC
ove
rag
e
20
03
11
,68
4,7
67
$
7,1
31
,20
6$
4,5
53
,56
1$
-$
-
$
-$
-
20
04
12
,22
2,9
86
6,8
84
,55
8
5,3
38
,42
8
-
-
-
-
20
05
13
,78
1,9
29
6,8
64
,14
1
6,9
17
,78
8
-
-
-
-
20
06
15
,92
8,3
22
8,6
62
,61
9
7,2
65
,70
3
-
-
-
-
20
07
21
,97
4,4
14
10
,24
6,8
60
11
,72
7,5
54
44
,09
1
62
,80
5
10
6,8
96
10
97
0.9
9%
20
08
25
,91
8,6
28
11
,52
1,7
17
14
,39
6,9
11
44
0,9
09
66
2,0
69
1,1
02
,97
8
13
05
.28
%
20
09
26
,96
9,1
84
13
,36
3,9
84
13
,60
5,2
00
47
0,0
00
69
0,5
23
1,1
60
,52
3
11
72
.33
%
20
10
24
,82
8,3
90
13
,53
9,2
25
11
,28
9,1
65
96
9,0
40
2,5
18
,25
2
3,4
87
,29
2
32
3.7
2%
20
11
28
,04
2,8
36
14
,18
1,2
42
13
,86
1,5
94
98
5,0
00
2,4
65
,99
3
3,4
50
,99
3
40
1.6
7%
20
12
30
,13
0,9
29
13
,61
5,3
80
16
,51
5,5
49
54
5,0
00
61
4,5
60
1,1
59
,56
0
14
24
.29
%
1
T
ota
l o
pe
ratin
g r
eve
nu
es in
clu
din
g in
tere
st
2
T
ota
l o
pe
ratin
g e
xp
en
se
s e
xclu
siv
e o
f d
ep
recia
tio
n a
nd
am
ort
iza
tio
n
Note
: D
eta
ils r
eg
ard
ing
th
e C
ou
nty
's o
uts
tan
din
g d
eb
t ca
n b
e f
ou
nd
in
th
e n
ote
s t
o t
he
fin
an
cia
l sta
tem
en
ts.
Ha
rnett
Co
un
ty,
No
rth
Caro
lin
a
Ple
dg
ed
Reve
nu
e C
ove
rag
e -
Wa
ter
& S
ew
er
Las
t T
en
Fis
ca
l Y
ears
(Un
au
dit
ed
)
192
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Deb
t Lim
it30
2,12
3$
365,
835
$
37
5,68
8$
394,
282
$
41
3,76
8$
438,
721
$
45
5,85
0$
54
5,72
3$
564,
797
$
57
4,42
2$
Tot
al n
et d
ebt a
pplic
able
to
lim
it95
,919
92
,645
89
,408
93
,927
13
3,35
3
13
9,73
7
16
5,74
6
15
7,09
5
148,
840
15
2,54
6
Lega
l deb
t mar
gin
206,
203
$
27
3,19
0$
286,
280
$
30
0,35
6$
280,
415
$
29
8,98
3$
290,
105
$
398,
306
$
41
5,94
8$
421,
876
$
Tot
al n
et d
ebt a
pplic
able
to th
e
limit
as a
per
cent
age
of d
ebt l
imit
31.7
5%25
.33%
23.8
0%23
.82%
32.3
1%31
.85%
36.3
6%28
.29%
26.3
5%26
.56%
Leg
al D
ebt
Mar
gin
Cal
cula
tio
n f
or
Fis
cal Y
ear
2012
Ass
esse
d V
alue
Deb
t Lim
it (
8% o
f tot
al a
sses
sed
valu
e)
Deb
t app
licab
le to
lim
it:
Cer
tific
ates
of P
artic
ipat
ion
I
nsta
llmen
t Pur
chas
e
Rev
olvi
ng L
oan
I
ssue
d an
d ou
tsta
ndin
g ge
nera
l bon
ded
debt
- e
nter
pris
e fu
nds
S
tate
Bon
d Lo
ans
R
even
ue B
onds
O
blig
atio
ns u
nder
cap
ital l
ease
S
ubto
tal
A
utho
rized
and
uni
ssue
d de
bt
T
otal
Gro
ss D
ebt
Less
: S
tatu
tory
ded
uctio
ns
Bon
ds is
sued
and
ous
tand
ing
for
wat
er a
nd s
ewer
pur
pose
s
Rev
enue
Bon
ds
Aut
horiz
ed a
nd u
niss
ued
debt
T
otal
am
ount
of d
ebt a
pplic
able
to d
ebt l
imit
Lega
l deb
t mar
gin
$421
,876
,331
574,
421,
868
20
0,64
7,53
7
211,
992,
537
78
,454
,999
48,1
01,6
39
23
,373
,615
35,2
97,0
00
2,
177,
987
152,
545,
537
12
,805
,000
59,4
47,0
00
437,
297
11,3
45,0
00
35
,297
,000
11,3
45,0
00
12
,805
,000
$7,1
80,2
73,3
51
Fo
r Y
ear
En
ded
Ju
ne
30
Har
net
t C
ou
nty
, No
rth
Car
olin
aC
om
pu
tati
on
of
Leg
al D
ebt
Mar
gin
Las
t T
en F
isca
l Yea
rs(a
mo
un
ts e
xpre
ssed
in t
ho
usa
nd
s)(U
nau
dit
ed)
193
Fis
ca
l
Ye
ar
En
de
dP
ers
on
al
Pe
r C
ap
ita
Me
dia
nS
ch
oo
lU
ne
mp
loym
en
t
Ju
ne
30
Po
pu
lati
on
1In
co
me
2In
co
me
2A
ge
1E
nro
llm
en
t 3
Ra
te 4
20
03
98
,90
8
2,2
25
,23
2,1
84
$
22
,49
8$
3
2.9
41
6,8
73
7
.4%
20
04
10
0,2
71
2
,37
2,3
11
,58
9
23
,65
93
3.1
9
17
,52
5
5.9
%
20
05
10
1,7
37
2
,53
0,0
97
,45
3
24
,86
93
3.4
2
17
,89
2
5.6
%
20
06
10
3,8
84
3
,34
8,5
96
,85
6
32
,23
43
3.5
8
18
,27
4
5.2
%
20
07
10
6,2
83
2
,17
0,2
98
,86
0
20
,42
03
41
8,8
76
5
.1%
20
08
11
0,0
98
2
,23
1,0
25
,87
2
20
,26
43
51
8,9
68
6
.6%
20
09
11
2,0
30
N
/A1
9,9
68
3
5
18
,51
8
11
.8%
20
10
11
5,7
61
N
/A2
8,0
15
3
5
18
,76
4
10
.8%
20
11
11
4,6
78
N
/A1
8,7
25
3
4
19
,01
1
11
.8%
20
12
12
1,4
17
N
/AN
/A1
9,3
78
1
1.2
%
So
urc
es:
1.
NC
Sta
te D
em
og
rap
hic
s
3.
Ha
rne
tt C
ou
nty
Bo
ard
of
Ed
uca
tio
n
4.
NC
Em
plo
ym
en
t S
ecu
rity
Co
mm
issio
n
Ha
rnett
Co
un
ty,
No
rth
Caro
lin
a
De
mo
gra
ph
ic a
nd
Ec
on
om
ic S
tati
sti
cs
Las
t T
en
Fis
ca
l Y
ears
(Un
au
dit
ed
)
2.
NC
Dep
art
me
nt
of
Com
me
rce
. L
ate
st
fig
ure
s a
va
ilab
le a
re r
efle
cte
d.
Fo
r th
e f
isca
l ye
ars
en
din
g 2
00
9 a
nd
fo
rwa
rd,
the
Pe
rso
na
l In
co
me
exp
resse
d a
s a
tota
l d
olla
r a
mo
un
t fo
r th
e C
ou
nty
is n
o lo
ng
er
ava
ilab
le.
194
Em
plo
ye
rE
mp
loye
es
Ran
k
Pe
rce
nta
ge
of
To
tal
Co
un
ty
Em
plo
ym
en
tE
mp
loye
es
Ra
nk
Pe
rce
nta
ge
of
To
tal
Co
un
ty
Em
plo
ym
en
t
Harn
ett
Co
un
ty P
ub
lic S
ch
oo
ls2
,30
01
5.2
6%
2,0
37
14
.58
%
Harn
ett
Co
un
ty G
ove
rnm
en
t *
80
22
1.8
4%
70
74
1.5
6%
Fo
od
Lio
n D
istr
ibu
tio
n C
en
ter
75
83
1.7
4%
72
83
1.6
7%
Harn
ett
He
alth
Syste
m (
Be
tsy J
oh
nso
n)
73
74
1.6
9%
53
55
0.9
9%
Cam
pb
ell
Un
ive
rsity
60
95
1.3
9%
88
92
1.7
7%
Harn
ett
Co
rre
ctio
na
l In
stitu
te3
67
70
.84
%4
42
61
.08
%
Ed
wa
rds B
roth
ers
, In
c.
23
01
00
.53
%2
91
10
0.6
8%
Wa
l M
art
30
68
0.7
0%
38
48
0.6
5%
SA
AB
Ba
rra
cu
da
, L
LC
11
61
90
.27
%3
26
90
.22
%
Gre
y M
eta
l S
ou
th1
20
17
0.2
7%
18
31
30
.37
%
Cha
mp
ion
Ho
me
s1
19
18
0.2
3%
43
47
0.3
7%
Go
dw
in M
an
ufa
ctu
rin
g
14
01
40
.32
%2
02
11
0.4
7%
Este
rlin
e D
efe
nse
54
30
0.1
2%
18
41
20
.15
%
To
tal
6,6
58
15
.24
%7
,34
21
4.5
6%
* D
en
ote
s f
ull-
tim
e e
qu
iva
len
t
So
urc
e:
Ha
rne
tt C
ou
nty
Eco
no
mic
De
ve
lop
me
nt
Com
mis
sio
nHa
rnett
Co
un
ty,
No
rth
Caro
lin
a
Pri
ncip
al
Em
plo
ye
rs
Cu
rre
nt
Ye
ar
an
d N
ine
Ye
ars
Ag
o
20
12
20
03
(Un
au
dit
ed
)
195
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ge
ne
ral G
ove
rnm
en
t1
06
10
61
03
11
01
06
10
81
11
11
19
99
9
Pu
blic
Sa
fety
17
21
94
19
62
33
24
02
58
25
52
67
.52
77
.52
78
.5
En
vir
on
me
nta
l P
rote
ctio
n2
22
22
33
33
2
Eco
no
mic
an
d
P
hysic
al D
eve
lop
me
nt
45
48
50
53
46
55
55
54
.54
34
3
Hum
an
Se
rvic
es
21
12
29
23
42
48
24
42
51
24
82
47
.52
59
.52
59
.5
Cultu
ral &
Re
cre
atio
n1
31
31
41
61
51
41
51
71
21
2
Wa
ter
an
d W
aste
wa
ter
60
63
62
69
10
01
03
10
39
19
59
5
So
lid W
aste
10
11
11
11
15
15
15
13
13
13
T
ota
l6
19
66
66
72
74
27
68
80
78
05
80
4.5
80
28
02
So
urc
e:
Ha
rne
tt C
ou
nty
Fin
an
ce
Offic
e
Fis
ca
l Y
ea
r E
nd
ed
Ju
ne
30
Ha
rnett
Co
un
ty,
No
rth
Caro
lin
a
Fu
ll-T
ime
Co
un
ty G
ove
rnm
en
t E
mp
loye
es
by F
un
cti
on
Las
t T
en
Fis
ca
l Y
ears
(Un
au
dit
ed
)
196
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Fir
e
N
um
ber
of
calls
answ
ere
d4,2
00
4,3
00
4,6
28
4,9
75
5,2
77
4,7
19
5,4
26
5,6
41
6,1
10
6,2
34
Sheri
ff
N
um
ber
of
law
vio
lations:
A
rrests
6,5
82
7,0
19
7,3
72
8,5
66
5,0
82
5,7
34
8,1
66
9,3
48
10,6
56
10,8
69
T
raff
ic v
iola
tions
406
1,4
33
1,5
35
2,0
35
2,9
00
2,4
92
2,2
74
2,3
33
2,3
94
2,4
42
Inspections
N
um
ber
of
perm
its issued
5,3
04
2,2
28
2,8
50
2,6
38
2,5
43
2,3
59
2,4
13
2,9
00
3,0
85
3,1
56
Culture
and R
ecre
ation
C
ircula
tion
323,4
90
341,6
55
337,5
27
373,0
52
393,6
93
399,2
71
413,7
56
405,7
57
411,4
37
365,8
17
Utilit
ies
W
ate
r S
yste
m:
D
aily
avera
ge t
reatm
ent
in g
allo
ns
7,5
00,0
00
7,5
00,0
00
7,5
00,0
00
8,2
00,2
09
8,7
42,9
05
9,8
70,2
57
9,9
38,9
72
10,9
98,1
99
13,2
93,9
48
13,1
07,7
63
S
ew
er
Syste
m:
D
aily
avera
ge t
reatm
ent
in
gallo
ns
1,2
30,0
00
1,2
30,0
00
1,2
80,0
00
1,5
85,6
53
1,6
45,8
65
2,3
52,2
71
2,5
01,3
83
2,8
24,1
72
3,2
66,3
97
3,2
03,8
49
Sourc
e:
Info
rmation p
rovid
ed b
y v
ari
ous c
ounty
depart
ments
Harn
ett
Co
un
ty, N
ort
h C
aro
lin
a
Op
era
tin
g In
dic
ato
rs b
y F
un
cti
on
Last
Ten
Fis
cal Y
ears
(Un
au
dit
ed
) Fo
r Y
ear
En
ded
Ju
ne 3
0
197
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Fir
e
N
um
be
r o
f S
tatio
ns
18
18
15
18
19
19
19
19
19
19
Sh
eri
ff
N
um
be
r o
f sta
tio
ns
11
11
11
11
11
N
um
be
r o
f p
atr
ol u
nits
84
98
98
10
41
07
15
21
39
15
61
38
15
6
Cultu
re a
nd
Re
cre
atio
n
N
um
be
r o
f lib
rari
es
66
66
66
66
66
L
ibra
ry c
olle
ctio
ns
18
6,8
95
18
4,2
97
18
5,8
91
19
1,8
65
19
6,5
51
20
2,3
57
20
8,8
73
21
3,4
46
21
9,8
49
21
7,3
23
N
um
be
r o
f P
ark
s3
33
55
55
55
5
P
ark
acre
ag
e5
55
55
51
,10
01
,10
01
,10
01
,10
01
,10
01
,10
01
,10
0
N
um
be
r o
f B
all
Fie
lds
66
66
66
66
66
N
um
be
r o
f te
nn
is c
ou
rts
12
12
12
12
12
12
12
12
12
12
N
um
be
r o
f p
layg
rou
nd
are
as
20
00
00
00
11
N
um
be
r o
f so
cce
r fie
lds
22
22
22
22
22
N
um
be
r o
f C
ou
nty
ow
ne
d
se
nio
r ce
nte
rs1
11
11
11
11
1
Utilit
ies
W
ate
r S
yste
m:
M
iles o
f w
ate
r m
ain
1,4
89
1,4
89
1,5
14
1,5
68
1,8
51
1,8
63
1,8
69
2,1
32
2,1
32
2,2
00
N
um
be
r o
f se
rvic
e
co
nn
ectio
ns
29
,69
33
1,2
68
30
,31
83
5,5
22
37
,79
43
7,8
91
38
,21
44
0,5
75
41
,24
14
2,0
01
N
um
be
r o
f fire
hyd
ran
ts3
,50
03
,50
03
,50
03
,71
55
,93
15
,93
95
,94
35
,96
14
,54
84
,54
8
Ha
rnett
Co
un
ty,
No
rth
Caro
lin
a
Ca
pit
al
As
se
ts S
tati
sti
cs b
y F
un
cti
on
Las
t T
en
Fis
ca
l Y
ears
(Un
au
dit
ed
)
Fo
r Y
ea
r E
nd
ed
Ju
ne
30
198
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ha
rnett
Co
un
ty,
No
rth
Caro
lin
a
Ca
pit
al
As
se
ts S
tati
sti
cs b
y F
un
cti
on
Las
t T
en
Fis
ca
l Y
ears
(Un
au
dit
ed
)
Fo
r Y
ea
r E
nd
ed
Ju
ne
30
S
ew
er
Syste
m:
M
iles o
f sa
nita
ry s
ew
er
14
61
46
14
62
00
31
23
18
32
23
22
32
63
26
N
um
be
r o
f tr
ea
tme
nt
pla
nts
44
44
33
54
44
N
um
be
r o
f se
rvic
e
co
nn
ectio
ns
3,8
56
4,5
15
4,7
65
7,0
80
7,8
11
8,2
95
8,6
69
9,5
23
10
,07
21
0,4
21
M
axim
um
da
ily c
ap
acity o
f
tre
atm
en
t p
lan
t in
ga
llon
s1
,80
0,0
00
1,8
00
,00
01
,80
0,0
00
4,0
00
,00
06
,40
0,0
00
6,4
00
,00
01
2,2
50
,00
01
2,1
00
,00
01
2,1
00
,00
01
2,1
00
,00
0
Fa
cili
tie
s a
nd
se
rvic
es n
ot
in
clu
de
d in
pri
ma
ry
g
ove
rnm
en
t:
E
du
ca
tio
n:
N
um
be
r o
f sch
oo
ls2
62
62
62
62
62
62
62
72
72
7
N
um
be
r o
f te
ach
ers
1,1
16
1,1
30
1,1
66
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199
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COMPLIANCE SECTION
Report On Internal Control Over Financial Reporting And On Compliance And Other Matters Based On An Audit of Financial Statements Performed In Accordance With Government Auditing Standards Report On Compliance With Requirements That Could Have A Direct And Material Effect On Each Major Federal Program And On Internal Control Over Compliance In Accordance With OMB Circular A-133 And The State Single Audit Implementation Act.
Report On Compliance With Requirements That Could Have A Direct And Material Effect On Each Major State Program and On Internal Control Over Compliance In Accordance With Applicable Sections Of OMB Circular A-133 And The State Single Audit Implementation Act.
Schedule of Findings, Responses, and Questioned Costs
Summary Schedule of Prior Years’ Audit Findings
Schedule of Expenditures of Federal and State Awards
This page left blank intentionally.
730 13th Avenue Drive SE ♦ Hickory, North Carolina 28602 ♦ Phone 828-327-2727 ♦ Fax 828-328-2324
13 South Center Street ♦ Taylorsville, North Carolina 28681 ♦ Phone 828-632-9025 ♦ Fax 828-632-9085
Toll Free Both Locations 1-800-948-0585 ♦ Website: www.martinstarnes.com
Report On Internal Control Over Financial Reporting And On Compliance And Other Matters Based On An Audit Of Financial Statements Performed
In Accordance With Government Auditing Standards To the Board of Commissioners Harnett County, North Carolina We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of Harnett County as of and for the year ended June 30, 2012, which collectively comprise Harnett County’s basic financial statements, and have issued our report thereon dated November 15, 2012. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Internal Control Over Financial Reporting Management of Harnett County is responsible for establishing and maintaining effective internal control over financial reporting. In planning and performing our audit, we considered Harnett County's internal control over financial reporting as a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Harnett County’s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of Harnett County’s internal control over financial reporting. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected, on a timely basis. Our consideration of internal control over financial reporting was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control over financial reporting that might be significant deficiencies or material weaknesses and, therefore, there can be no assurance that all deficiencies, significant deficiencies, or material weaknesses have been identified. However, as described in the accompanying Schedule of Findings, Responses, and Questioned Costs, we identified certain deficiencies in internal control over financial reporting that we consider to be material weaknesses.
200
Compliance and Other Matters As part of obtaining reasonable assurance about whether Harnett County's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, non-compliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed instances of noncompliance or other matters that are required to be reported under Government Auditing Standards and which are described in the accompanying Schedule of Findings, Responses, and Questioned Costs as items 2012-01 and 2012-02. Harnett County’s responses to the finding identified in our audit are described in the accompanying Schedule of Findings, Responses, and Questioned Costs. We did not audit Harnett County’s responses and; accordingly, we express no opinion on the responses. This report is intended for the information and use of management, others within the organization, members of the Board of Commissioners, federal and State awarding agencies, and pass-through entities, and is not intended to be, and should not be, used by anyone other than these specified parties.
Martin Starnes & Associates, CPAs, P. A. November 15, 2012
201
730 13th Avenue Drive SE ♦ Hickory, North Carolina 28602 ♦ Phone 828-327-2727 ♦ Fax 828-328-2324
13 South Center Street ♦ Taylorsville, North Carolina 28681 ♦ Phone 828-632-9025 ♦ Fax 828-632-9085
Toll Free Both Locations 1-800-948-0585 ♦ Website: www.martinstarnes.com
Report On Compliance With Requirements That Could Have A Direct And Material Effect On Each Major Federal Program And On Internal Control
Over Compliance In Accordance With OMB Circular A-133 And The State Single Audit Implementation Act
Independent Auditors' Report To the Board of Commissioners Harnett County, North Carolina Compliance We have audited Harnett County’s compliance with the types of compliance requirements described in the U.S. Office of Management and Budget (OMB) Circular A-133 Compliance Supplement and the Audit Manual for Governmental Auditors in North Carolina, issued by the Local Government Commission, that could have a direct and material effect on each of Harnett County’s major Federal programs for the year ended June 30, 2012. Harnett County’s major Federal programs are identified in the summary of auditor’s results section of the accompanying Schedule of Findings, Responses, and Questioned Costs. Compliance with the requirements of laws, regulations, contracts, and grants applicable to each of its major Federal programs is the responsibility of Harnett County’s management. Our responsibility is to express an opinion on Harnett County’s compliance based on our audit. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States; OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, and the State Single Audit Implementation Act. Those standards, OMB Circular A-133, and the State Single Audit Implementation Act require that we plan and perform the audit to obtain reasonable assurance about whether non-compliance with the types of compliance requirements referred to above that could have a direct and material effect on a major Federal program occurred. An audit includes examining, on a test basis, evidence about Harnett County’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination of Harnett County’s compliance with those requirements. In our opinion, Harnett County complied, in all material respects, with the compliance requirements referred to above that could have a direct and material effect on each of its major Federal programs for the year ended June 30, 2012.
202
Internal Control Over Compliance Management of Harnett County is responsible for establishing and maintaining effective internal control over compliance with the requirements of laws, regulations, contracts, and grants applicable to Federal programs. In planning and performing our audit, we considered Harnett County’s internal control over compliance with the requirements that could have a direct and material effect on a major Federal program in order to determine our auditing procedures for the purpose of expressing our opinion on compliance and to test and report on internal control over compliance in accordance with OMB Circular A-133 and the State Single Audit Implementation Act, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of Harnett County’s internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, non-compliance with a type of compliance requirement of a Federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is reasonable possibility that material non-compliance with a type of compliance requirement of a Federal program will not be prevented, or detected and corrected, on a timely basis. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be deficiencies, significant deficiencies, or material weaknesses. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. This report is intended for the information and use of management, others within the organization, members of the Board of Commissioners, federal and State awarding agencies, and pass-through entities, and is not intended to be, and should not be, used by anyone other than these specified parties.
Martin Starnes & Associates, CPAs, P. A. November 15, 2012
203
730 13th Avenue Drive SE ♦ Hickory, North Carolina 28602 ♦ Phone 828-327-2727 ♦ Fax 828-328-2324
13 South Center Street ♦ Taylorsville, North Carolina 28681 ♦ Phone 828-632-9025 ♦ Fax 828-632-9085
Toll Free Both Locations 1-800-948-0585 ♦ Website: www.martinstarnes.com
Report On Compliance With Requirements That Could Have A Direct And Material Effect On Each Major State Program And On Internal Control Over Compliance
In Accordance With Applicable Sections of OMB Circular A-133 And The State Single Audit Implementation Act
Independent Auditors' Report
To the Board of Commissioners Harnett County, North Carolina
Compliance We have audited Harnett County’s compliance with the types of compliance requirements described in the U.S. Office of Management and Budget (OMB) Circular A-133 Compliance Supplement and the Audit Manual for Governmental Auditors in North Carolina, issued by the Local Government Commission, that could have a direct and material effect on each of Harnett County’s major State programs for the year ended June 30, 2012. Harnett County’s major State programs are identified in the summary of auditors' results section of the accompanying Schedule of Findings, Responses, and Questioned Costs. Compliance with the requirements of laws, regulations, contracts, and grants applicable to each of its major State programs is the responsibility of Harnett County’s management. Our responsibility is to express an opinion on Harnett County’s compliance based on our audit. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States; applicable sections of OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, and the State Single Audit Implementation Act. Those standards, applicable sections of OMB Circular A-133, and the State Single Audit Implementation Act require that we plan and perform the audit to obtain reasonable assurance about whether non-compliance with the types of compliance requirements referred to above that could have a direct and material effect on a major State program occurred. An audit includes examining, on a test basis, evidence about Harnett County’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination of Harnett County’s compliance with those requirements. In our opinion, Harnett County complied, in all material respects, with the compliance requirements referred to above that could have a direct and material effect on each of its major State programs for the year ended June 30, 2012.
204
Internal Control Over Compliance Management of Harnett County is responsible for establishing and maintaining effective internal control over compliance with the requirements of laws, regulations, contracts, and grants applicable to State programs. In planning and performing our audit, we considered Harnett County’s internal control over compliance with the requirements that could have a direct and material effect on a major State program in order to determine our auditing procedures for the purpose of expressing our opinion on compliance and to test and report on internal control over compliance in accordance with applicable sections of OMB Circular A-133 and the State Single Audit Implementation Act, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of Harnett County’s internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, non-compliance with a type of compliance requirement of a Federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is reasonable possibility that material non-compliance with a type of compliance requirement of a Federal program will not be prevented, or detected and corrected, on a timely basis. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be deficiencies, significant deficiencies, or material weaknesses. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. This report is intended for the information and use of management, others within the organization, members of the Board of Commissioners, federal and State awarding agencies, and pass-through entities, and is not intended to be, and should not be, used by anyone other than these specified parties.
Martin Starnes & Associates, CPAs, P. A. November 15, 2012
205
HARNETT COUNTY, NORTH CAROLINA
SCHEDULE OF FINDINGS, RESPONSES, AND QUESTIONED COSTS FOR THE YEAR ENDED JUNE 30, 2012
1. Summary of Auditors’ Results
Financial Statements
Type of auditors’ report issued: Unqualified
Internal control over financial reporting:
Material weaknesses identified? Yes X No
Significant deficiencies identified? Yes X No
Non-compliance material to financial statements noted? X Yes No
Federal Awards
Internal control over major federal programs:
Material weaknesses identified? Yes X No
Significant deficiencies identified? Yes X No
Type of auditors’ report issued on compliance for major federal programs: Unqualified
Any audit findings disclosed that are required to be reported in accordance with Section 510(a) of Circular A-133? Yes X No
206
HARNETT COUNTY, NORTH CAROLINA
SCHEDULE OF FINDINGS, RESPONSES, AND QUESTIONED COSTS FOR THE YEAR ENDED JUNE 30, 2012
1. Summary of Auditors’ Results (continued): Identification of major federal programs: Program Name CFDA# Medicaid Cluster 93.720, 93.775, 93.777, 93.778 TANF Cluster 93.558, 93.714, 93.716 Childcare Development Fund Cluster 93.575, 93.596 Special Supplemental Nutrition Program for Women, Infants and Children (WIC) 10.557
Dollar threshold used to distinguish between Type A and Type B Programs: $3,000,000
Auditee qualified as low-risk auditee? Yes X No
State Awards
Internal control over major State programs:
Material weaknesses identified? Yes X No
Significant deficiencies identified? Yes X No
Type of auditors’ report issued on compliance for major State programs Unqualified
Any findings disclosed that are required to be reported in accordance with the State Single Audit Implementation Act? Yes X No
Identification of major State programs: Medicaid Cluster Subsidized Childcare Cluster TANF Cluster NC Rural Center Bright Water Infrastructure NC Rural Center – Waste Water Improvements
207
HARNETT COUNTY, NORTH CAROLINA
SCHEDULE OF FINDINGS, RESPONSES, AND QUESTIONED COSTS FOR THE YEAR ENDED JUNE 30, 2012
2. Findings Related to the Audit of the Basic Financial Statements
Finding 2012-01 Budget Violation Criteria: North Carolina General Statutes require that the County have policies and procedures in place to monitor budgetary compliance throughout the year. Management should have a control system in place to reduce the likelihood that violations of General Statutes occur and go undetected. Condition: In the current year, there was a violation of the General Statutes regarding expenditures exceeding appropriations. Effect: The County was in violation of North Carolina General Statutes. Cause: The County expended more than had been budgeted in the budget ordinance, and a budget amendment had not been made for this item. Recommendation: Implement stringent budgetary monitoring controls to prevent expenditures exceeding appropriations. Management should make sure that all items are booked at year-end and that the proper budget amendments have been made for those purchases. Contact Person: Sylvia Blinson, Finance Officer Views of Responsible Officials and Planned Corrective Actions:
There is a budget violation in the General Fund which was caused by having to transfer all funds received for occupancy tax to the Averasboro Township Tourism Authority. These funds will be transferred to a trust and agency fund in FY 2013.
The budget violations in the capital projects did not exceed the total appropriated for the project. These funds will be monitored on a line item basis.
Proposed Completion Date: Funds will be monitored at each check write and at each month end.
208
HARNETT COUNTY, NORTH CAROLINA
SCHEDULE OF FINDINGS, RESPONSES, AND QUESTIONED COSTS FOR THE YEAR ENDED JUNE 30, 2012
Finding 2012-02 Deficit Fund Equity Criteria: North Carolina General Statutes preclude units from having funds that operate in a deficit. Condition: In the current year, there were violations of the General Statutes regarding deficit fund equity. Effect: The County was in violation of North Carolina General Statutes. Cause: The County adopted a balance budget however revenues were insufficient to cover the cost of operations Recommendation: The County should reevaluate the cost of providing services and adjust charges to insure that revenues cover all related cost. Contact Person: Sylvia Blinson, Finance Officer Views of Responsible Officials and Planned Corrective Actions: We agree with the findings for the Solid Waste Fund. The revenues fell short of projections. The expenditures were less than budget but overall expenditures exceeded revenues. For FY 2013, the household availability fees have been increased $20.00 per household which should generate approximately $1,020,000 in additional revenues.
We agree with the finds for the Worker’s Compensation Fund. The deficits are due to the potential liability that has been recorded due to several claims but not expended. On a cash basis, revenues exceed expenditures by $105,378.00. In FY 2013 we have implemented the new rate structure for the billing classes and implemented a 1.51328 modification factor to recover deficit amounts in retained earnings. At the end of the first quarter in FY 2013, we have received 33% of the revenues budgeted. We will continue to monitor this fund. The County will transfer sufficient funds to cover any claims presented for payment.
We agree there are funds in Special Revenues and Capital Projects that have a deficit fund balance. These deficits are caused by a timing difference in the expenditures and the reimbursements from the Federal/State agencies.
Proposed Completion Date: Increases in the Solid Waste Household availability fees and the increase in the Worker’s Compensation premiums were effective July 1, 2012.
3. Findings and Questioned Costs Related to the Audit of Federal Awards
None 4. Findings and Questioned Costs Related to the Audit of State Awards None
209
HARNETT COUNTY, NORTH CAROLINA
SCHEDULE OF PRIOR YEAR FINDINGS FOR THE YEAR ENDED JUNE 30, 2012
2011-01 – Repeated as 2012-01
2011-02 – Repeated as 2012-02
210
Page 1 of 7
Federal
Grantor/Pass-Through CFDA Grant I.D. Expenditures
Grantor/Program Title Number Number Federal State
FEDERAL AWARD EXPENDITURES
U.S. Department of Agriculture
Division of National Institute of Food & Agriculture
Better Care Training 10.500 3,630$ -$
Total of Better Care Training 3,630 -
Passed-Through the N.C. Department of Health and Human Services:
Division of Social Services:
Administration:
State Administrative Matching Grant for the
Supplemental Nutrition Assistance Program 10.561 5NC400406 912,264 -
Total Supplemental Nutrition Assistance Program 912,264 -
Division of Public Health:
Administration:
Special Supplemental Food Program
for Women, Infants, and Children 10.557 567,845 -
Direct Benefit Payment:
Special Supplemental Food Program
for Women, Infants, and Children 10.557 2,770,897 -
Total of Public Health 3,338,742 -
Total U.S. Department of Agriculture 4,254,636 -
U.S. Department of Housing and Urban Development
Direct Program:
Housing Assistance Payments Program:
Vouchers 14.195 043-1-99-010-D-389 1,018,254 -
Total U.S. Department of Housing and Urban Development 1,018,254 -
U.S. Department of Justice Office of Justice Programs
Division Bureau of Justice Assistance
Edward Byrne Justice Grant 16.783 211-DJ-BX-2947 & 2077 47,405 -
State Criminal Alien Assistance Program (SCAAP) 16.606 2011-H4394-NC-AP 7,200 -
Division Bureau of Alcohol, Tobacco, Firearms &
Explosives
Drug Enforcement Agency 09.G09GA0004A 17,652 -
U.S. Department of Justice Office of Justice Programs 72,257 -
U.S. Department of Army
Contracting Center of Excellence
Mission and Installation Contracting Command
NTA/Cameron Hill W91WAW-08-1-003 291,900 -
Total U.S. Department of Army 291,900 -
U.S. Department of Commerce Economic Development
Economic Development Administration
Brightwater Inf'' Structure 04-01-06174 607,143 -
U.S. Department of Commerce Economic Development 607,143 -
HARNETT COUNTY, NORTH CAROLINA
SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS
YEAR ENDED JUNE 30, 2012
211
Page 2 of 7
Federal
Grantor/Pass-Through CFDA Grant I.D. Expenditures
Grantor/Program Title Number Number Federal State
HARNETT COUNTY, NORTH CAROLINA
SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS
YEAR ENDED JUNE 30, 2012
U.S. Department of Labor
Department of Labor/Employment and Training
Passed-through Central Carolina Community
College Welfare Investment Act 17.258/17.278 09-2040-02 401,651 -
Total U.S. Department of Labor 401,651 -
U.S. Department of Health and Human Services
Division of Aging and Adult Services
Passed-Through Mid-Carolina Council of Governments:
Special Programs for the Aging Title III Cluster:
Nutrition Services 93.045 279,464 -
Nutrition Services Incentive Program 93.053 50,655 -
Medication Mgmt Title III 2,610 -
Home and Community Care Block Grant 93.044 20.701 225,817 -
Total Aging Cluster 558,546 -
Special Programs for the Aging: -
Family Caregiver Support Program 93.052 17-701 27,366 -
Medical Transportation General 93.633 16-701 9,286 10,060
Medical Transportation 93.633 16-701 54,145 58,657
Passed-Through Corporation for National Service:
National Senior Service 94.002 09SRSNC006 25,217 -
Total Division of Aging and Adult Services 674,560 68,717
Division of Administration for Children & Families
Passed-Through the N.C. Department of Health & Human Services:
Child Care Development Fund Cluster:
Division of Social Services
Child Care Development Fund - Administration 93.596 225,131 -
Division of Child Development
Child Care and Development Fund - Discretionary 93.575 1,358,205 -
Child Care and Development Fund - Mandatory 93.596 440,511 -
Child Care and Development Fund - Match 93.596 736,460 347,280
Total Child Care Fund Cluster 2,760,307 347,280
Temporary Assistance for Needy Families 93.558 540,778
ARRA - Emergency Contingency Fund for 93.713 42,423 -
Temporary Assistance for Needy Families
Foster Care Title IV-E 93.658 10,046 -
State Appropriations - 302,703
Smart Start - 20,234
TANF - Maintenance of Effort - 439,115
Total Subsidized Child Care Cluster 3,353,554 1,109,332
212
Page 3 of 7
Federal
Grantor/Pass-Through CFDA Grant I.D. Expenditures
Grantor/Program Title Number Number Federal State
HARNETT COUNTY, NORTH CAROLINA
SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS
YEAR ENDED JUNE 30, 2012
Division of Social Services
Foster Care and Adoption Cluster:
Title IV-E Foster Care - Administration 93.658 1201NC1401 369,509 147,600
Title IV-E Adoption Subsidy - Administration 93.659 1201NC1407 16,730 -
Direct Benefit Payments:
Title IV-E Foster Care 93.658 1201NC1401 144,267 38,286
Title IV-E Adoption Subsidy 93.659 1201NC1407 896,276 241,845
Total Foster Care and Adoption Cluster 1,426,782 427,731
Division of Social Services
Temporary Assistance for Needy Families Cluster
Administration:
Temporary Assistance for Needy Families("TANF") 93.558 G1202NCTANF 1,091,609 5,581
Temporary Assistance for Needy Families 93.558 12,161 -
Direct Benefit Payments:
Temporary Assistance for Needy Families ("TANF") 93.558 G1202NCTANF 483,726 (963)
Total TANF Cluster 1,587,496 4,618
Direct Benefit Payments:
Aid to Families with Dependent Children ("AFDC") 93.560 (2,097) (575)
Low Income Energy Assistance-Direct Benefit 93.568 G12B1NCLIEA 229,814 -
Crisis Intervention Program 93.568 G12B1NCLIEA 923,609 -
Child Welfare Services - State Grants 93.645 G1101NC1400
Adoption Subsidy - 424,645
Administration:
Monthly Caseworker Visits 93.556 G1111NCFPCV 6,102 -
Child Support Enforcement 93.563 1204NC4005 682,934 -
Low Income Energy Assistance 93.568 G12B1NCLIEA 102,391 -
Child Welfare Services - Permanency Planning 93.645 G1101NC1400 33,054 6,457
SSBG - Adult Day Care 93.667 G1201NCSOSR 9,820 16,184
SSBG - In Home Services 93.667 G1201NCSOSR 42,921 -
SSBG - Other Services 93.667 G1201NCSOSR 284,487 -
TANF to SSBG 93.667 G1201NCSOSR 26,154 -
CPS TANF to SSBG 93.667 G1201NCSOSR 187,976 -
Independent Living Grant/Links 93.674 G1101NC1420 40,736 4,312
Total Division of Social Services 4,155,397 455,641
Centers for Medicare and Medicaid Services
Passed-Through the N.C. Department of Health and Human Services:
Division of Medical Assistance:
Direct Benefit Payments:
Medical Assistance Program 93.778 77,251,409 45,170,371
Division of Social Services
Administration:
Medical Assistance Program 93.778 5-1205NC5MAP 1,411,843 109,902
Adolescent Parenting Program 93.778 02220-11 55,784 -
Total Medicaid Cluster 78,719,036 45,280,273
State Children's Insurance Program-
NC Health Choice 93.767 63,028 4,655
Total for Centers for Medicare and Medicaid Services 78,782,064 45,284,928
213
Page 4 of 7
Federal
Grantor/Pass-Through CFDA Grant I.D. Expenditures
Grantor/Program Title Number Number Federal State
HARNETT COUNTY, NORTH CAROLINA
SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS
YEAR ENDED JUNE 30, 2012
Division of Public Health
Immunization Cluster
Immunization Action Plan 93.268 41,841 -
Total Immunization Cluster 41,841 -
Division of Public Health
Family Planning Title X 93.217 53,129 4,944
Chronic Disease/Health Promotion 93.283 1,444 -
Maternal and Child Health Services Block Grant: -
Women's Preventive Health (Family Planning) 93.994 27,071 20,305
Child Health (HHS-MCH Block Grant) 93.994 67,039 50,285
Child Health - CFPT (Child Fatality Prevention Team) 93.994 733 549
Child Service Coordination 93.994 14,303 10,729
Bioterrorism Preparedness and Response 93.069 43,838 -
Infection Control 93.717 1,799 -
Eat Smart, Move More, Weigh Less, Diabetes 93.283 250 -
Motivational Interviewing 93-994 1,927 1,446
Local Asthma Efforts 93.070 19,438 -
Total Division of Public Health 272,812 88,258
Total U.S. Department of Health and Human Services 88,665,170 47,434,607
US Department of Environmental Protection Agency
Passed-Through NC Department of Environment & Natural Resources
Drinking Water State Revolving Fund 66.468 E -SRF-T-10-0268 7,007,100 -
US Department of Environmental Protection Agency 7,007,100 -
U.S. Department of Homeland Security
Division of Emergency Management
2009 Metropolitan Medical Response 97.067 MOA2001 31,620 -
Total U.S. Department of Homeland Security 31,620 -
U.S. Department of Transportation
Passed-through the N.C. Department of Transportation
Public Transportation Division
Planning-Program-Evaluation
Governor's Highway Safety Program 20.602 PT-12-03-04-39 73,854 -
Division of Aviation
Jet Port 100 20.106 36237.25.1.12.1 18,466 -
Total U.S. Department of Transportation 92,320 -
N.C. Dept. of Crime Control and Public Safety
Division of Emergency Management
State & Local Assistance Emergency Services 97.042 EMPG-2011-37085 24,377 24,377
2011 Interoperable Communication 97.055 210-SS-T0-0075 95,689 -
Total N.C. Dept. of Crime Control and Public Safety 120,066 24,377
214
Page 5 of 7
Federal
Grantor/Pass-Through CFDA Grant I.D. Expenditures
Grantor/Program Title Number Number Federal State
HARNETT COUNTY, NORTH CAROLINA
SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS
YEAR ENDED JUNE 30, 2012
N.C. Department of Cultural Resources
Division Institute of Museum and Library Services
EZTA Lista 45.310 28,486 -
Total N.C. Department of Cultural Resources 28,486 -
N.C. State Board of Elections
Help America Vote Act 90.401 / 36.011 062712-0707 28,281 -
Total N.C. State Board of Elections 28,281 -
US Department of HUD
Pass thru N.C. Housing Finance Agency
Single Family SFR 10 14.239 SFR10-2010-0020 225,582 -
US Department of HUD 225,582 -
N.C. Department of Insurance
Division of Seniors Health Insurance Information Program
Medicare Counseling (SHIIP) 93.779 56-3000306 4,191 -
Total N.C. Department of Insurance 4,191 -
TOTAL FEDERAL/STATE AWARD EXPENDITURES 102,848,656 47,458,984
STATE AWARD EXPENDITURES
N.C. Department of Administration
Division of Veterans Affairs
Veteran Affairs - 1,452
Total N.C. Department of Administration - 1,452
N.C. Department of Correction
Division of Community Correction
Harnett Criminal Justice Alliance 43-0710-I-A - 67,186
Total N.C. Department of Correction - 67,186
N.C. Department of Cultural Resources
State Aid to Public Libraries 4531 - 148,460
Total N.C. Department of Cultural Resources - 148,460
N.C. Department of Health and Human Services
Division of Community Health:
General Health/State Aid - 120,466
Tuberculosis Control - 31,226
TB Medical Services - 2,743
Maternal Health - 11,302
Environmental Health - 4,000
Food and Lodging - 8,752
Lead - 2,872
Communicable Disease - 4,001
AIDS - State (HIV/STD - State) - 500
HIV/STD Prevention - 40,000
Risk Reduction/Hth Promotion - 5,445
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Page 6 of 7
Federal
Grantor/Pass-Through CFDA Grant I.D. Expenditures
Grantor/Program Title Number Number Federal State
HARNETT COUNTY, NORTH CAROLINA
SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS
YEAR ENDED JUNE 30, 2012
School Nurse Funding Initiative - 150,000
Total Division of Community Health - 381,307
Division of Aging and Adult Services:
Direct Benefit Payment:
Special Assistance to Adults - 954,040
Administration:
Adult Day Care - (2,856)
Total Division of Aging and Adult Services - 951,184
Division of Social Services
Direct Benefit Payment:
Aid to Family with Dependent Children - (106)
Foster Care At-Risk Maximization - 60
Progress Energy's Neighborhood Fund - 6,248
Smart Start - 80,000
Social Services Block Grant - State - 9,149
State Foster Care Benefits Program - 125,050
Temporary Assistance for Needy Families - 2,503
Total Division of Social Services - 222,904
Total N.C. Department of Health and Human Services - 1,555,395
N.C. Division of Child Development
N.C. Partnership for Children, Inc.
Parents As Teachers 11-12-202 - 243,202
CCR&R Smart Start 11-12-203 - 22,559
Total N.C. Division of Child Development - 265,761
N.C. Office of Juvenile Justice and Delinquency Prevention
Division of Juvenile Justice
CBA-Juvenile Restitution 543-10591 - 101,149
CBA-JCPC ADM 543-11433 - 2,561
Court Psychologist 543-10545 - 6,920
Hillcrest Youth Shelter 543-10534 - 35,455
Re-Entry-Healthy Choice 543-10619 - 65,000
Re-Entry Family Enrichment 543-44549 - 36,836
Improving Outcome of Youth DJJ-024-11 - 2,000
Dunn Pals 543-10647 - 12,952
Total N.C. Office of Juvenile Justice and Delinquency Prevention - 262,873
N.C. Department of Transportation
Passed-Through the N.C. Department of Transportation
Airport SWPPP & SPCC 2011 36237.25.12.3 - 46,304
Airport Land Acquisition & Runway Safety 36244.35.4.1 DOT-8 - 32,091
Division of Engineering
Rural Operating Assistance Program (ROAP):
Work First Transportation JOBLINK DOT-16CL - 19,129
Work First Transportation Grant DOT-16CL - 19,129
Rural General Public Program (RGP) 3622821.1.1 - 97,655
Elderly and Disabled Transportation
Assistance Program (EDTAP) DOT-16CL - 84,091
Public Transportation Division
Transportation Facility Design 36227.5.1.1/03-SF020 - 18,223
Total N.C. Department of Transportation - 316,621
N.C. Rural Economic Development Center
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Page 7 of 7
Federal
Grantor/Pass-Through CFDA Grant I.D. Expenditures
Grantor/Program Title Number Number Federal State
HARNETT COUNTY, NORTH CAROLINA
SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS
YEAR ENDED JUNE 30, 2012
Division of Water Quality
Division of Water Quality
Erwin Waste Water Improvements CWMTF02-58-85 - 400,000
N.C. Rural Economic Development Center - 400,000
N.C. Rural Center
Bright Water Inf' Structure 2008-037-40401-107 - 1,000,000
N.C. Rural Center - 1,000,000
N.C. Golden Leaf Foundation
Bright Water Inf' Structure - 280,000
N.C. Golden Leaf Foundation - 280,000
TOTAL STATE AWARD EXPENDITURES - 4,297,749
TOTAL AWARD EXPENDITURES 102,848,656$ 51,756,733$
Notes to the Schedule of Expenditures of Federal and State Financial Awards:
Basis of Presentation
The Schedule of Expenditures of Federal and State Awards includes the federal and State grant activity of
Harnett County and is presented on the modified accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and
Non-Profit Organizations and the State Single Audit Implementation Act. Therefore, some amounts presented in
schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements. Benefit
payments are paid directly to recipients and are not included in the basic financial statements. However, due to the
County's involvement in determining eligibility, they are considered federal awards to the County and are considered
federal awards to the County and are included on this schedule.
The following are clustered by the NC Department of Health and Human Services and are treated separately for
State audit requirement purposes: Subsidized Child Care, and Foster Care and Adoption
Loans Outstanding:
Harnett County had the following loan balances outstanding at June 30, 2012. Draws on these loans that
occurred during the fiscal year are included in the federal expenditures presented in the schedule.
Grant I.D.
Program Title CFDA Number Number Outstanding
North Carolina Department of Environmental Natural Resources
Erwin Wastewater Revolving Loan 66.458 E-SRF-T-10-0268 2,822,929$ PU0604
US Department of Environmental Protection Agency
East Central Water NC State Revolving Loan 66.468 H-LRX-R-DW-1038 87,604 PU0703
217