NON-MAJOR GOVERNMENTAL FUNDS This is trial version www.adultpdf.com This is trial version www.adultpdf.com Schedule 4 GASTON COUNTY, NORTH CAROLINA NONMAJOR GOVERNMENTAL FUNDS COMBINING BALANCE SHEET JUNE 30, 2008 Special Debt Total Nonmajor Revenue Service Governmental Assets: Cash and cash equivalents 2,118,766$ 3,206,090$ 5,324,856$ Ad valorem taxes receivable, net 260,614 - 260,614 Accounts receivable 121,589 - 121,589 Total assets 2,500,969$ 3,206,090$ 5,707,059$ Liabilities and Fund Balances: Liabilities: Accounts payable and accrued liabilities 25,506$ -$ 25,506$ Deferred revenue 260,607 - 260,607 Total liabilities 286,113 - 286,113 Fund Balances: Reserved for encumbrances 55,109 - 55,109 Reserved by State statute 121,589 - 121,589 Reserved for police 463,870 - 463,870 Reserved for sheriff 109,757 - 109,757 Reserved for volunteer fire districts 788,561 - 788,561 Designated for subsequent year’s expenditures 234,031 1,000,000 1,234,031 Undesignated 441,939 2,206,090 2,648,029 Total fund balances 2,214,856 3,206,090 5,420,946 Total liabilities and fund balances 2,500,969$ 3,206,090$ 5,707,059$ 83 This is trial version www.adultpdf.com Schedule 5 GASTON COUNTY, NORTH CAROLINA NONMAJOR GOVERNMENTAL FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED JUNE 30, 2008 Special Debt Total Nonmajor Revenue Service Governmental Revenues: Ad valorem taxes 3,409,342$ -$ 3,409,342$ Restricted intergovernmental revenues 673,846 3,500,000 4,173,846 E911 surcharge 1,165,274 - 1,165,274 Investment earnings 131,402 152,925 284,327 Miscellaneous revenues 811 - 811 Total revenues 5,380,675 3,652,925 9,033,600 Expenditures: General government 105,093 - 105,093 Public safety 3,946,414 - 3,946,414 Cultural and recreational 471,754 - 471,754 Principal retirement 178,318 11,933,445 12,111,763 Interest and fees 12,229 7,821,663 7,833,892 Total expenditures 4,713,808 19,755,108 24,468,916 Revenues over (under) expenditures 666,867 (16,102,183) (15,435,316) Other Financing Sources (Uses): Transfers in/out (1,310,581) 16,446,939 15,136,358 Total other financing sources (uses) (1,310,581) 16,446,939 15,136,358 Net change in fund balances (643,714) 344,756 (298,958) Fund Balances: Beginning of year - July 1 2,858,570 2,861,334 5,719,904 End of year - June 30 2,214,856$ 3,206,090$ 5,420,946$ 84 This is trial version www.adultpdf.com SUPPLEMENTARY INFORMATION COMBING AND INDIVIDUAL FUND FINANCIALS STATEMENTS AND SCHEDULES This is trial version www.adultpdf.com GASTON COUNTY, NORTH CAROLINA NONMAJOR SPECIAL REVENUE FUNDS COMBINING BALANCE SHEET JUNE 30, 2008 Gaston-Lincoln Property Emergency Regional Library Revaluation Telephone Fund Fund System Fund Assets: Cash and cash equivalents 152,512$ 336,313$ 222,579$ Ad valorem taxes receivable, net - - - Accounts receivable - - 116,214 Total assets 152,512$ 336,313$ 338,793$ Liabilities and Fund Balances: Liabilities: Accounts payable and accrued liabilities 13,829$ 5,245$ 6,430$ Deferred revenue - - - Total liabilities 13,829 5,245 6,430 Fund Balances: Reserved for prior year encumbrances 2,918 39,691 - Reserved by State statute - - 116,214 Reserved for police - - - Reserved for sheriff - - - Reserved for volunteer fire districts - - - Designated for subsequent year’s expenditures 21,585 212,446 - Undesignated 114,180 78,931 216,149 Total fund balances 138,683 331,068 332,363 Total liabilities and fund balances 152,512$ 336,313$ 338,793$ 85 This is trial version www.adultpdf.com Schedule 6 Drug Controlled Parking Fire Total Nonmajor Forfeitures Substance Fees Districts Special Revenue Fund Abuse Tax Fund Fund Fund Funds 396,180$ 189,947$ 32,679$ 788,556$ 2,118,766$ - - - 260,614 260,614 - - 5,375 - 121,589 396,180$ 189,947$ 38,054$ 1,049,170$ 2,500,969$ -$ -$ -$ 2$ 25,506$ - - - 260,607 260,607 - - - 260,609 286,113 12,500 - - - 55,109 - - 5,375 - 121,589 295,477 168,393 - - 463,870 88,203 21,554 - - 109,757 - - - 788,561 788,561 - - - - 234,031 - - 32,679 - 441,939 396,180 189,947 38,054 788,561 2,214,856 396,180$ 189,947$ 38,054$ 1,049,170$ 2,500,969$ 86 This is trial version www.adultpdf.com GASTON COUNTY, NORTH CAROLINA NONMAJOR SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES FOR THE YEAR ENDED JUNE 30, 2008 Gaston-Lincoln Property Emergency Regional Library Revaluation Telephone Fund Fund System Fund Revenues: Ad valorem taxes -$ -$ -$ Restricted intergovernmental revenues 459,865 - - E911 surcharge - - 1,165,274 Investment earnings 3,920 8,450 37,167 Miscellaneous revenues 487 - - Total revenues 464,272 8,450 1,202,441 Expenditures: Current: General government - 105,093 - Public safety - - 645,915 Cultural and recreational 471,754 - - Principal retirement - - 178,318 Interest and fees - - 12,229 Total expenditures 471,754 105,093 836,462 Revenues over (under) expenditures (7,482) (96,643) 365,979 Other Financing Sources (Uses): Transfers in/out 15,783 250,000 (1,576,364) Total other financing sources (uses) 15,783 250,000 (1,576,364) Net change in fund balances 8,301 153,357 (1,210,385) Fund Balances: Beginning of year - July 1 130,382 177,711 1,542,748 End of year - June 30 138,683$ 331,068$ 332,363$ 87 This is trial version www.adultpdf.com Schedule 7 Drug Controlled Parking Fees Fire Total Nonmajor Forfeitures Substance Collected Districts Special Revenue Fund Abuse Tax Fund Fund Fund Funds -$ -$ -$ 3,409,342$ 3,409,342$ 188,426 25,555 - - 673,846 - - - - 1,165,274 18,067 7,277 37,730 18,791 131,402 - - 324 - 811 206,493 32,832 38,054 3,428,133 5,380,675 - - - - 105,093 166,877 38,129 - 3,095,493 3,946,414 - - - - 471,754 - - - - 178,318 - - - - 12,229 166,877 38,129 - 3,095,493 4,713,808 39,616 (5,297) 38,054 332,640 666,867 - - - - (1,310,581) - - - - (1,310,581) 39,616 (5,297) 38,054 332,640 (643,714) 356,564 195,244 - 455,921 2,858,570 396,180$ 189,947$ 38,054$ 788,561$ 2,214,856$ 88 This is trial version www.adultpdf.com NONMAJOR SPECIAL REVENUE FUNDS Special Revenue Funds account for the proceeds of special revenue sources that are legally restricted to expenditures for specific purposes. Individual Fund Descriptions: • Gaston-Lincoln Regional Library Fund – Accounts for the revenues received from the state to provide services for a regional library system • Property Revaluation Fund – Accounts for the accumulation of funds necessary to cover the cost of real property revaluation. • Emergency Telephone System Fund – Accounts for the activities of a county-wide emergency telephone service funded by telephone company line charges. • Drug Forfeitures Fund – Accounts for revenues received from Federal Drug Forfeitures in conjunction with local law enforcement agencies as a result of property confiscations. These funds must be used by the County for law enforcement purposes. • Controlled Substance Abuse Fund – Accounts for revenues received from State Drug Forfeitures in conjunction with local law enforcement agencies as a result of property confiscations. These funds must be used by the County for law enforcement purposes. • Parking Fees Fund - Accounts for the revenues received from parking fees at the county courthouse. • Special Fire District Funds – Accounts for the revenues of the fire districts within the County. This is trial version www.adultpdf.com [...]... of year - July 1 $ 8,301 (37,029) 167,411 130,3 82 $ End of year - June 30 138,683 This is trial version www.adultpdf.com 89 $ 130,3 82 Schedule 9 GASTON COUNTY, NORTH CAROLINA PROPERTY REVALUATION FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2008 WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007 2008 Final Budget Revenues: Investment... financing uses $ Fund Balance: Beginning of year - July 1 $ End of year - June 30 $ 38,054 This is trial version www.adultpdf.com 94 $ - Schedule 14 GASTON COUNTY, NORTH CAROLINA FIRE DISTRICTS FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2008 WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007 2008 Final Budget Actual $ 3,097,710... FOR THE YEAR ENDED JUNE 30, 2008 WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007 2008 Final Budget Revenues: Parking Fees collected Investment earnings $ Actual - $ 324 37,730 2007 Variance Over/Under $ 324 37,730 Actual $ - Total revenues - 38,054 38,054 - Revenues over (under) expenditures - 38,054 38,054 - - 38,054 38,054 - Revenues and other financing sources over (under) expenditures and other... Balance: Beginning of year - July 1 $ End of year - June 30 $ 177,711 331,068 This is trial version www.adultpdf.com 90 $ 135,563 177,711 Schedule 10 GASTON 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, 2008 WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007 2008 Final Budget Revenues: E911... BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2008 WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007 2008 Final Budget Revenues: Restricted intergovernmental revenue - police Investment earnings $ 2007 Variance Over/Under Actual - $ 16,995 188,426 18,067 16,995 Expenditures: Public safety: Operating expenditures - police Operating expenditures - sheriff Total expenditures Revenues and other financing... 356,564 Schedule 12 GASTON COUNTY, NORTH CAROLINA CONTROLLED SUBSTANCE ABUSE TAX FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2008 WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007 2008 Final Budget Revenues: Controlled substance tax - police Controlled substance tax - sheriff Investment earnings $ 2007 Variance Over/Under Actual (47,250)... 138,683 (42,940) Other Financing Sources (Uses): Transfers from General Fund Fund balance appropriated 15,783 130,3 82 15,783 - ( 130,3 82) 5,911 - Total other financing sources (uses) 146,165 15,783 ( 130,3 82) 5,911 - 8,301 Revenues over (under) expenditures Revenues and other financing sources (uses) over (under) expenditures and other financing sources (uses) $ Fund Balance: Beginning of year - July 1 $... www.adultpdf.com Schedule 8 GASTON COUNTY, NORTH CAROLINA GASTON-LINCOLN REGIONAL LIBRARY FUND SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2008 WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007 2008 Final Budget Revenues: Restricted intergovernmental revenues Investment earnings Miscellaneous revenue $ Actual 459,865 $ - 459,865 3,920 487 Total revenues... 2,885,725 145,377 19,240 3,428,133 330,4 23 3,050,342 3,097,710 - 3,095,493 - 2,217 - 2,898,599 38,640 30,5 31 336 3,097,710 3,095,493 2,217 2,968,106 - 332,640 332,640 82,236 - 332,640 332,640 82,236 Revenues over (under) expenditures Revenues and other financing sources over (under) expenditures and other financing uses $ Fund Balance: Beginning of year - July 1 $ End of year - June 30 $ Actual $ 455,921 788,561... (82,538) (5,297) 77,241 16,556 Total revenues Revenues over (under) expenditures Other Financing Sources (Uses): Fund balance appropriated Revenues and other financing sources (uses) over (under) expenditures and other financing sources (uses) - 82,538 $ (5,297) $ - Fund Balance: Beginning of year - July 1 $ End of year - June 30 $ 195,244 189,947 This is trial version www.adultpdf.com 93 68,995 3,810 . EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2008 WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007 2007 Final Variance Budget Actual Over/Under Actual Revenues: Restricted. EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2008 WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007 2007 Final Variance Budget Actual Over/Under Actual Revenues: Investment. EXPENDITURES, AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2008 WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007 2007 Final Variance Budget Actual Over/Under Actual Revenues: E911