Harnett County - Interfund Transfers
FY 2005 - 2006 Approved Budget
Acct Code:    110-8701-490 Line Item Description FY 2004-2005 Original Budget FY 2004-2005 Adjusted Budget FY 2005-2006 Departmental Request Request Detail Budget Officer Recommended Board Approved
               
90-03 2002 Debt Service Reserve 1,606,468 1,606,468 1,314,218   1,314,218 1,314,218
       Transfer to the Debt Service Reserve Fund for the 2002 COPS            
       Debt Service.  Each year, the County will be required to             
       obligate a total of $3,200,000.  The amount to be set aside            
       will be calculated as the $3,200,000 less current year debt            
       payments.  This amount will be set aside to make up for             
       shortfalls of County resources as a result of the            
       COPS 2003 (94) debt.            
       Calculation of FY 2005 - 2006 transfer:            
       Amount Required to be set aside:                 $3,200,000            
       Less:  Interest payment, December                  (746,016)            
                  Interest payment, June                           (739,766)            
                  Principal, June                                        (400,000)            
       Amount to be transferred:                             $1,314,218            
90-04 Lockhart - Shawtown 0 35,000     0 0
90-06 Airport Road Relocation 0 0     0 0
90-07 Airport - Old Stage Road 0 200,000     0 0
90-09 Transportation Facility 0 0     0 0
90-20 Law Enforcement Expansion 0 0     0 0
90-46 Industrial Parks 0 130,037     0 0
90-66 Agriculture Center/Animal Control 0 160,694     0 0
               
Total Proposed Expenditure Budget $1,606,468 $2,132,199 $1,314,218   $1,314,218 $1,314,218
  REVENUES            
               
               
               
Total Projected Revenues/Approp: $0   $0   $0 $0
Local/County Appropriations $1,606,468   $1,314,218   $1,314,218 $1,314,218
Total Projected Revenues/Approp: $1,606,468   $1,314,218   $1,314,218 $1,314,218