Harnett County, North Carolina
Combined Statement of Revenues, Expenses, and Changes in Retained Earnings-
All Proprietary Fund Types
For the Year Ended June 30, 2001
 
 
Operating revenues:
  Charges for services  $      8,340,676
  Water and sewer taps 353,963
  Solid waste user fees 2,386,815
  Other operating revenues 1,018,035
       Total operating revenues 12,099,489
Operating expenses:
  Operating expenses 8,801,130
  Depreciation 2,191,766
        Total operating expenses 10,992,896
        Operating income 1,106,593
Non-operating revenues (expenses):
  Interest earned on investments 369,161
  Interest on debt (1,586,484)
  Solid waste state taxes 81,250
  Amortization             (13,048)
  Federal and state grants          3,565,400
  Other non-operating expenses (95)
        Total non-operating revenues (expenses) 2,416,184
       Net income before capital contributions and operating transfers 3,522,777
Operating transfers and capital contributions
  Capital contributions 6,811,905
  Operating transfers out (350,000)
       Net income          9,984,682
Add depreciation on contributed capital             576,806
Increase in retained earnings 10,561,488
Retained earnings:
Retained earnings, beginning of year, July 1 13,637,143
Retained earnings, end of year, June 30  $    24,198,631
The notes to the financial statements are an integral part of this statement.