HARNETT COUNTY, NORTH CAROLINA

 

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INTRODUCTORY SECTION:
             Letter of Transmittal                                                                                                                                                      i
             GFOA Certificate of Achievement                                                                                                                           xiii
             Map of Harnett County, North Carolina                                                                                                                 xiv
             Organizational Chart                                                                                                                                                   xv
             Members of the Board of County Commissioners and
             Administrative and County Officers                                                                                                                       xvi

FINANCIAL SECTION

INDEPENDENT AUDITORS’ REPORT                                                                                                                                

GENERAL PURPOSE FINANCIAL STATEMENTS:
             Combined balance sheet - all fund types and account groups                                                                              2

             Combined statement of revenues, expenditures and changes in fund
                   balances - all governmental fund types                                                                                                              6
             Combined statement of revenues, expenditures and changes in fund
                   balances - budget and actual -  General Fund and annually budgeted Special Revenue Funds               8
             Combined statement of revenues, expenses and changes in retained
                   earnings - all proprietary fund types                                                                                                                 12

             Combined statement of cash flows - all proprietary fund types                                                                          13
             Notes to general purpose financial statements                                                                                                      14

REQUIRED SUPPLEMENTAL FINANCIAL  DATA

             Law enforcement officers’ special separation allowance                                                                                      52

STATEMENTS/SCHEDULES:
      General Fund:
             Statement of revenues, expenditures and changes in fund balance -

                   budget and actual                                                                                                                                                 54

      Special Revenue Funds:
             Combining balance sheet                                                                                                                                           64
             Combining statement of revenues, expenditures and changes in fund balances                                             66
             Combining statement of revenues and expenditures – budget and actual  

                   and changes in fund balances – Special Revenue Funds                                                                              68

             Schedule of revenues, expenditures and changes in fund balance -

                   budget and actual - Community Development Block Grant Revolving Loan Fund                                   72
             Schedule of revenues, expenditures and changes in fund balance -
                   budget and actual - Child Development Grant Fund                                                                                      73

             Schedule of revenues, expenditures and changes in fund balance -

                   budget and actual - Hurricane Fran Fund                                                                                                         74

             Schedule of revenues, expenditures and changes in fund balance -

                   budget and actual - Emergency Response Planning Fund                                                                            75

 

 

 


HARNETT COUNTY, NORTH CAROLINA

 

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STATEMENTS/SCHEDULES (Continued):

      Capital Project Funds:
             Combining balance sheet                                                                                                                                           78
             Combining statement of revenues, expenditures and changes in fund balances                                             80
             Schedule of revenues, expenditures and changes in fund balance - budget and actual :

                   Masterplan Courthouse Update Capital Project Fund                                                                                   82

                   Airport Capital Project Funds                                                                                                                             83

                   Shawtown Revitalization Capital Project Fund                                                                                                84
                   Patterson/Bailey Community Development Block Grant Capital Project Fund                                           85

                   General Fund – Capital Project Fund School-COPS 2000                                       86

 

      Enterprise Funds:
             Combining balance sheet                                                                                                                                           88
             Combining statement of revenues, expenses and changes in retained earnings                                              90
             Combining statement of cash flows                                                                                                                         92
             Combining schedule of operating expenses                                                                                                           94

             Combining schedule of revenues and expenditures - budget and actual (non-GAAP)                95

             Combining schedule of  revenues and expenditures -

                   budget and actual  (non-GAAP)-non-operating Enterprise Funds                                                              96

             Schedule of revenues and expenditures - budget and actual (non-GAAP):
                   Comprehensive Wastewater Study Capital Project Fund                                                                              99

                   Water Treatment Pilot Program                                                                                                                        100

                   Southwest Wastewater Expansion Capital Project Fund                                                                             101

                   Titan Industries Capital Project Fund                                                                                                             102

                   Buies Creek Wastewater Capital Project Fund                                                                                              103

                   Southwest Regional Distribution Transmission Capital Project                                                                 104

                 Lillington Regional Wastewater Capital Project                                                                                              105

                 Southwest Regional Transmission III (Design Phase) Capital Project                                                         106

                 Riverside Capital Project                                                                                                                                      107

                 Wellons Acquisition and Anderson Creek Sewer Extension Capital Project                                              108

                 Wastewater SCADA Improvements Capital Project                                                                                       109

                 Western Harnett and Johnsonville School Sewer Extension Capital Project                                              110

                 Harnett-Wake Transmission Capital Project                                             111

                 Northeast Water Plant 18mgd Expansion Capital Project                                                                               112

                 Harnett Fuquay Wastewater Capital Project                                                                                                    113

                 Anderson Creek Water Acquisition Capital Project                                                                                       114

                 South Central Capital Project

                                                                                                                                                                                                  115

                 Closure Dunn /& Erwin Landfill                                                                                                                         116

 

 

 

 


HARNETT COUNTY, NORTH CAROLINA

 

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STATEMENTS/SCHEDULES (Continued):

      Trust and Agency Funds:
             Combining balance sheet                                                                                                                                         118
             Combining statement of changes in assets and liabilities                                                                                  119

 

      General Fixed Assets Account Group:
             Comparative schedules of general fixed assets by source                                                                                 123
             Schedule of general fixed assets by function and activity                                                                                 124

 

OTHER SCHEDULES:
             Schedule of ad valorem taxes receivable – General Fund                                                                                   130
             Analysis of current tax levy                                                                                                                                    131
             Ten largest taxpayers                                                                                                                                               132

STATISTICAL SECTION (UNAUDITED):
             General governmental expenditures by function                                                                                                 134
             General governmental revenues by source                                                                                                           136
             Property tax levies and collections - general fund                                                                                             138
             Assessed value of taxable property                                                                                                                       140
             Property tax rates - direct and overlapping governments                                                                                141
             Ratio of net general bonded debt to assessed value and bonded debt per capita                                         142
             Computation of legal debt margin                                                                                                                          143
             Computation of direct and overlapping debt                                                                                                        144
             Demographic statistics                                                                                                                                             145
             Bond coverage - water and sewer bonds                                                                                                            146
             Property value, construction and bank deposits                                                                                                 147
             Miscellaneous statistics                                                                                                                                          148

COMPLIANCE SECTION

              Report on Compliance and on Internal Control Over Financial Reporting Based on

              an Audit Performed in Accordance with Government Auditing Standards                                                   151

 

              Report on Compliance with Requirements Applicable to Each Major Federal Program

              and Internal Control Over Compliance in Accordance with OMB Circular A-133 and the

              State Single Audit Implementation Act                                                                                                                152

 

              Report on Compliance with Requirements Applicable to Each Major State Program and

              Internal Control Over Compliance in Accordance with Applicable Sections of OMB

              Circular A-133 and the State Single Audit Implementation Act                                                                       154

 

              Schedule of Findings and Questioned Costs                                                                                                      156

 

              Corrective Action Plan                                                                                                                                            160

 

              Summary Schedule of Prior Year Audit Findings                                                                                               161

 

              Schedule of Expenditures of Federal and State Awards                                                                                    162


 

 

 

 

 

 

 

 

 

 

 

 

GENERAL PURPOSE

FINANCIAL

STATEMENTS

                                                         

 

The General Purpose Financial Statements Provide a Summary overview of the financial position of all funds and account groups and of the operating results of all funds.  They also serve as a condensed introduction to the more detailed statements that follow.

                    


 

 

 

REQUIRED SUPPLEMENTAL

FINANCIAL DATA

 

                                                         

 

This section contains additional information required by accounting principles generally accepted in the United States of America.

 

Schedule of Funding Progress for the Law Enforcement Officers’ Special Separation Allowance.

 

Notes to the Required Schedules for the Law Enforcement Officer’s Special Separation  Allowance.

 


 


 

 

 

 

 

 

GENERAL FUND

                                                         

 

The General Fund accounts for resources traditionally associated with government which are not required legally or by financial management to be accounted for in another fund.


SPECIAL REVENUE FUNDS

                                                         

 

Special Revenue Funds account for the proceeds of special revenue sources that are legally restricted to the expenditure for special purposes.

 

INDIVIDUAL FUND DESCRIPTIONS:

 

Section 8 Housing Fund – accounts for grant funds provided to support the County’s Section 8 Existing and Modified Rehabilitation housing programs.

 

Special Districts Fund – accounts for revenues of sixteen rescue / fire districts and one special school district in Harnett County.

 

Community Development Block Grant Revolving Loan – accounts for grant funds received from the North Carolina Department of Economic and Community Development to be loaned to industries.

 

Law Enforcement Fund – accounts for the handgun assessed fees that are charged for concealed weapons permits.  This fund is budgeted annually.

 

Child Development Grant Fund – composed of the following:  Children, Youth and Family – accounts for children’s programs for community development through grant funds; Americorps – this federal grant program involves volunteers’ work in child care; Before and After School – fee based child care program; Z. Smith Reynolds Grant – child care program with private grant funding; Kate B. Reynolds – Breastfeeding – private grant funding to encourage breastfeeding; Child Care Block Grant, Child Care Trust Advocacy, and Child Resource & Commission Grant – accounts for expenditures in the “It Takes a Village“ program.

 

Hurricane Fran Fund – accounts for financing and expenditures related to disaster and recovery from Hurricane Fran.  Eligible costs have been submitted to the Federal Emergency Management Agency.

 

Emergency Telephone System Fund – accounts for the surcharge fees billed to telephone customers and the expenditures related to the implementation of the Emergency Telephone System.

 

Emergency Response Planning Fund – accounts for the expenditures and revenues for emergency response readiness for the fixed nuclear facility.

 


CAPITAL PROJECT FUNDS

                                                         

 

Capital project funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities:

 

INDIVIDUAL FUND DESCRIPTION:

 

Masterplan Courthouse Update – accounts for financing and use of funds for the master plan update for the Courthouse.

 

Airport – accounts for financing and construction of improvements at the Harnett County Airport.  Projects included are :  Crossroads Acquisition; Phase 1 Runway Extension; and Remote communications Outlet.

 

Shawtown Revitalization – accounts for the financing and the expenditures for the housing rehabilitation, clearance, and relocation activities and public sewer infrastructure improvements in the Shawtown area.

 

Patterson / Bailey (CDBG) – accounts for financing and the expenditures for the housing rehabilitation, clearance and relocation activities and public sewer infrastructure improvements in the Patterson / Bailey Way area of the County.

 

General Fund – accounts for 2000 COPS funds received and passed through to the Board of Education for school projects.

 


ENTERPRISE FUNDS

                                                         

 

 

Enterprise Funds accounts for operations financed and operated in a manner similar to private business enterprises – where the costs of providing services are financed primarily through user charges.  Harnett County maintains one enterprise fund to account for the operations of the water and sewer districts.  The County maintains nine additional funds to account for the debt service for each district.  The County maintains a separate enterprise fund for the operations of the landfill.

 

INDIVIDUAL FUND DESCRIPTIONS:

 

Harnett County Public Utilities Fund – accounts for the operations of the nine water and sewer districts which provide water and sewer to the residents of the County.

 

Individual Water and Sewer Funds – account for the debt service for each of the water and sewer districts.  These funds are the Northeast Metro Water and Sewer District, the Buies Creek / Coats Sewer District, the South Central Water and Sewer District, the West Central Water and Sewer District, the Northwest Water and Sewer District, the Bunnlevel / Riverside Water and Sewer District, and the East Central Water and Sewer District.

 

Solid Waste Management Fund – accounts for the operations of the Harnett County Landfill.


AGENCY FUNDS

                                                         

 

Individual Fund Descriptions:

 

Social Services Trust Fund – accounts for monies held by the Social Services Department for the benefit of certain individuals within the County.

 

Cooperative Extension Special Trust Fund – accounts for monies received by the County for use in special programs provided through the Cooperative Extension Department.

 

Motor Vehicle Tax Fund – accounts for proceeds of the motor vehicle taxes that are collected by the county on behalf of the municipalities within the county.


 

 

 

 

 

GENERAL FIXED ASSETS ACCOUNT GROUP

 

                                                         

 

The General Fixed Assets Account Group accounts for general fixed assets.


 

 

 

 

 

OTHER SCHEDULES

                                                         

 

 

 

 

 

*Schedule of Ad Valorem Taxes Receivable

 

*Analysis of Current Tax Levy

 

*Schedule of Ten Largest Taxpayers

 

 

 

 


 

 

 

 

 

STATISTICAL SECTION