Harnett County, North Carolina
Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP)
Harnett-Wake Transmission Capital Project
From Inception and for the Year Ended June 30, 2001
 
      Actual    
Project Prior Current Total
Authorization   Years   Year   To Date
Revenues:
  Interest on investments  $                -  $       13,460  $       45,940  $       59,400
  Sales tax refund --- --- 165,480 165,480
  Contribution Holly Springs     4,396,389 269,700 3,856,688 4,126,388
  Contribution Fuquay-Varina     2,294,566 140,800      1,474,523 1,615,323
Total revenues 6,690,955 423,960 5,542,631 5,966,591
Expenditures:
  Construction 9,253,467 --- 9,252,110 9,252,110
  Legal & administrative 65,000 21,096 32,716 53,812
  Engineering 800,000 500,000 285,000 785,000
  Land/ROW 228,950 91,950 89,848 181,798
  Interest 127,311 --- 22,303 22,303
  Capital outlay 3,000 --- --- ---
  Public utilities 1,291,122 --- --- ---
  Contingency 336,626 --- --- ---
Total expenditures 12,105,476 613,046 9,681,977 10,295,023
 
Revenues under expenditures (5,414,521) (189,086) (4,139,346) (4,328,432)
Other financing sources:
  Operating transfers in:
     Harnett County Public Utilities 1,550,474 237,041 --- 237,041
   NC clean water grant 3,000,000 --- 3,000,000 3,000,000
   Proceeds from debt issuance 864,047 --- 864,047 864,047
Total other financing sources 5,414,521 237,041 3,864,047 4,101,088
Unexpended (overexpended)  
revenues and receipts  $                -  $       47,955  $   (275,299)  $   (227,344)