Harnett County, North Carolina
Capital Project Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
For the Year Ended June 30, 2001
With Comparative Totals For the Year Ended June 30, 2000  
 
 
Masterplan   Patterson/
Courthouse   Shawtown Bailey General
Update Airport Revitalization CDBG Fund
Capital  Capital Capital Capital Capital Totals  
Project Fund   Project Fund   Project Fund   Project Fund   Project Fund   2001 2000
Revenues:
  Restricted intergovernmental   $                -    $      229,451  $          18,271  $      67,193  $             -    $     314,915  $  137,605
  Investment earnings 788,972 5,653 --- --- 434,343 1,228,968 233,606
  Contributions --- --- --- 1,478 --- 1,478 37,117
  Sales tax refunds 278,906 561 --- --- --- 279,467 189,244
    Total revenues 1,067,878 235,665 18,271 68,671 434,343 1,824,828 597,572
   
 
Expenditures:  
  Construction 7,513,814 --- --- --- --- 7,513,814 500,976
  Legal and administrative (20,848) 5,005 --- --- --- (15,843) 26,188
  Engineering --- 58,302 --- --- --- 58,302 79,791
  Economic and physical development --- 238,962 18,271 102,362 --- 359,595 284,123
  Education ---   ---   ---   ---   3,648,474   3,648,474   ---
     Total expenditures 7,492,966 302,269 18,271 102,362 3,648,474 11,564,342 891,078
    Revenues over (under) expenditures (6,425,088) (66,604) --- (33,691) (3,214,131) (9,739,514) (293,506)
Other financing sources (uses):
   Operating transfers in  1,274,079 --- 50,000 --- --- 1,324,079 1,049,700
   Operating transfers out (598,000) --- --- --- --- (598,000) ---
   Bond premium 156,315 --- --- --- 113,194 269,509 ---
   Bond proceeds 13,605,000   ---   ---   ---   10,070,000   23,675,000   ---
    Total other financing sources (uses) 14,437,394 --- 50,000 --- 10,183,194 24,670,588 1,049,700
    Revenues and other financing sources (uses)
       over (under) expenditures 8,012,306 (66,604) 50,000 (33,691) 6,969,063 14,931,074 756,194
 
Fund balances:  
  Beginning of year, July 1 2,849,720 112,205 2,125 33,691 --- 2,997,741 3,927,016
  Residual equity transfer --- --- --- --- --- --- (1,685,469)
  End of year, June 30  $   10,862,026  $        45,601  $          52,125  $             -    $  6,969,063  $17,928,815  $2,997,741