Harnett County, North Carolina
Enterprise Funds
Combining Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP)
For the Year Ended June 30, 2001                        
Harnett County Public Utilities Solid Waste Managment
Fund Fund Totals
Variance
Favorable
Budget Actual Budget Actual Budget Actual (Unfavorable)
OPERATING REVENUES:
     Charges for services  $        8,203,513  $       8,340,676  $                     -  $                         -  $        8,203,513  $       8,340,676  $            137,163
     Water and sewer taps 445,050 353,963 --- --- 445,050 353,963 (91,087)
     Restricted intergovernmental --- --- --- --- --- --- ---
     Solid waste user fees --- --- 2,422,018 2,386,815 2,422,018 2,386,815 (35,203)
     Other operating revenues 1,154,906 1,010,274 8,270 7,761 1,163,176 1,018,035 (145,141)
 
  Total operating revenues 9,803,469 9,704,913 2,430,288 2,394,576 12,233,757 12,099,489 (134,268)
NONOPERATING REVENUES
    Federal and state grants --- 3,565,400 --- --- --- 3,565,400 3,565,400
    Capital contributions --- 6,811,905 --- --- --- 6,811,905 6,811,905
    Solid waste state taxes --- --- 86,310 81,250 86,310 81,250 (5,060)
    Interest earned on investments 320,000 214,238 150,000 154,923 470,000 369,161 (100,839)
               Total revenues 10,123,469 20,296,456 2,666,598 2,630,749 12,790,067 22,927,205 10,137,138
EXPENDITURES:
     Operating expenditures 6,039,726 6,159,581 2,754,429 2,659,392 8,794,155 8,818,973 (24,818)
     Budgetary appropriations:
          Lease principal 6,000 --- 33,748 33,747 39,748 33,747 6,001
          Interest paid --- 1,586,484 --- --- --- 1,586,484 (1,586,484)
          Capital outlay 512,792 480,028 121,000 1,585 633,792 481,613 152,179
              Total expenditures 6,558,518 8,226,093 2,909,177 2,694,724 9,467,695 10,920,817 (1,453,122)
Revenues over (under) expenditures 3,564,951 12,070,363 (242,579) (63,975) 3,322,372 12,006,388 8,684,016
OTHER FINANCING SOURCES (USES):
     Operating transfers out (10,229,100) (350,000) --- --- (10,229,100) (350,000) 9,879,100
     Fund balance appropriated 6,664,149 --- 242,579 --- 6,906,728 --- (6,906,728)
Total other financing sources (uses) (3,564,951) (350,000) 242,579 --- (3,322,372) (350,000) 2,972,372
Excess of revenues and other financing
sources (uses) over (under) expenditures
and other financing sources (uses)  $                         - 11,720,363  $                     - (63,975)  $                         - 11,656,388  $      11,656,388
RECONCILIATION OF MODIFIED
  ACCRUAL BASIS TO FULL ACCRUAL
     Budgetary appropriations (above):
        Lease principal paid --- 33,747 33,747
        Capital outlay 480,028 1,585 481,613
      Depreciation (2,094,642) (97,124) (2,191,766)
Amortization (13,048) --- (13,048)
     Increase (decrease) in allowance for 
      bad debts 5,538 --- 5,538
     Increase in accrued vacation pay 9,363 2,847 12,210
 
              Net Income  $      10,107,602  $         (122,920)  $       9,984,682