FY 2008 Audit - Alamance County, North Carolina

Transcription

COMPREHENSIVE
ANNUAL
FINANCIAL
REPORT
FOR THE FISCAL
YEAR ENDED
JUNE 30, 2008
ALAMANCE COUNTY
NORTH CAROLINA
Table of Contents
Alamance County, North Carolina
Comprehensive Annual Financial Report
Table of Contents
For the Fiscal Year Ended June 30, 2008
(Page 1 of 3)
INTRODUCTORY SECTION
Exhibit
Letter of Transmittal
GFOA Certificate of Achievement
List of Principal Officials
Organization Chart
Page
i
vi
vii
viii
FINANCIAL SECTION
Independent Auditor’s Report
Management’s Discussion and Analysis
FI-1
FI-3
BASIC FINANCIAL STATEMENTS:
Government-wide Financial Statements:
Statement of Net Assets
Statement of Activities
Fund Financial Statements:
Balance Sheet-Governmental Funds
Statement of Revenues, Expenditures, and Changes in Fund
Balances-Governmental Funds
Statement of Revenues, Expenditures, and Changes in Fund
Balance-Budget and Actual-General Fund
Statement of Net Assets-Proprietary Funds
Statement of Revenues, Expenses, and Changes in Fund Net
Assets-Proprietary Funds
Statement of Cash Flows-Proprietary Funds
Statement of Net Assets-Fiduciary Funds
Statement of Changes in Fund Net Assets-Fiduciary Funds
Notes to the Financial Statements:
A
B
FI-12
FI-13
C
D
FI-14
FI-15
E
FI-17
F
G
FI-18
FI-19
H
I
J
FI-20
FI-21
FI-22
FI-23
A-1
A-2
FI-52
FI-52
FI-52
B-1
B-2
FI-54
FI-55
B-3
FI-56
B-4
FI-60
C-1
C-2
FI-66
FI-67
REQUIRED SUPPLEMENTARY INFORMATION:
Law Enforcement Officers’ Special Separation Allowance:
Schedule of Funding Progress
Schedule of Employer Contributions
Notes to the Required Schedules
COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES:
Major Governmental Funds:
General Fund:
Comparative Balance Sheets
Comparative Statement of Revenues, Expenditures, and Changes in Fund
Balances
Comparative Statement of Revenues, Expenditures, and Changes in Fund
Balances
Schools Capital Projects Fund:
Schedule of Revenues, Expenditures, and Changes in Fund BalancesBudget and Actual
Nonmajor Governmental Funds:
Special Revenue Funds and Capital Projects Funds:
Combining Balance Sheet
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances
Table of Contents
Comprehensive Annual Financial Report Table of Contents (continued) For the Fiscal Year Ended June 30, 2008
(Page 2 of 3)
Special Revenue Funds:
Emergency Telephone System – Schedule of Revenues,
Expenditures, and Changes in Fund Balance-Budget and Actual
Fire District Funds:
Combining Statement of Revenues, Expenditures and Changes in Fund
Balances
Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual
Capital Reserve Funds:
Combining Statement of Revenues, Expenditures and Changes in Fund
Balances
Schedule of Revenues, Expenditures and Changes in Fund Balances –
Budget and Actual
Grant Fund:
Schedule of Revenues, Expenditures and Changes in Fund BalanceBudget and Actual-CDBG
Exhibit
Page
D-1
FI-68
D-2
FI-69
D-3
FI-70
D-4
FI-71
D-5
D-6
FI-72
FI-73
D-7
FI-74
D-8
FI-75
Capital Projects Funds:
Schedule of Revenues, Expenditures and Changes in Fund Balances –
Budget and Actual:
Facility Maintenance
Justice Facility
Jail Expansion
Emergency Management Services
Alamance Community College
Dental Clinic
E-1
E-2
E-3
E-4
E-5
E-6
FI-76
FI-77
FI-78
FI-80
FI-81
FI-82
Landfill Enterprise Fund:
Comparative Statement of Net Assets
F-1
FI-84
F-2
FI-85
G-1
G-2
G-3
FI-87
FI-88
FI-89
G-4
G-5
FI-90
FI-91
H-1
H-2
FI-94
FI-95
H-3
H-4
FI-96
FI-97
Comparative Schedules By Source
Schedule By Function and Activity
Schedule of Changes By Function and Activity
I-1
I-2
I-3
FI-102
FI-103
FI-105
Schedule of Changes in Governmental Long-Term Debt
Schedule of Long-Term maturities and annual debt requirements
J-1
J-2
FI-108
FI-109
Propriety Funds:
Schedule of Revenues and Expenditures – Budget and Actual (Non GAAP)
Internal Service Funds:
Combining Statement of Net Assets
Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets
Combining Statement of Cash Flows
Schedule of Revenues and Expenditures – Budget and Actual (Non-GAAP):
Employee Insurance
Worker’s Compensation
Fiduciary Funds:
Trust and Agency Funds:
Combining Statement of Net Assets-Trust and Agency Funds
Combining Statement of Changes in Fiduciary Net Assets-Private Purpose
Trust Funds
Combining Statement of Assets and Liabilities-Agency Funds
Combining Statement of Changes in Assets and Liabilities-Agency Funds
Capital Assets Used in the Operation of Governmental Funds:
Long-Term Debt :
Table of Contents
Comprehensive Annual Financial Report Table of Contents (continued) For the Fiscal Year Ended June 30, 2008
(Page 3 of 3)
Additional Financial Data:
Schedule of Ad Valorem Taxes Receivable – General Fund
Analysis of Current Tax Levy – County-wide Levy
Analysis of Current Tax Levy – County-wide Levy-Secondary Market Disclosures
Ten Largest Taxpayers
STATISTICAL SECTION
Financial Trends
Exhibit
Page
K-1
K-2
K-2a
K-2b
FI-112
FI-113
FI-114
FI-115
Table
Net Assets by Component
Changes in Net Assets
Fund Balances, Governmental Funds
Changes in Fund Balances, Governmental Funds
1
2
3
4
ST-2
ST-3
ST-4
ST-5
Program Revenues by Function/Program
Tax Revenues by Source, Governmental Funds
Government-wide Expenses by Function
Government-wide Revenues
General Government Expenditures by Function
General Government Revenues by Source
Assessed and Estimated Actual Value of Taxable Property
Principal Property Taxpayers
Property Tax Levies and Collections
Direct and Overlapping Governments Property Tax Rates
5
6
7
8
9
10
11
12
13
14
ST-6
ST-7
ST-8
ST-8
ST-9
ST-9
ST-10
ST-11
ST-12
ST-13
Ratio of Outstanding Debt by Type
Ratio of General Bonded Debt Outstanding and Legal Debt Margin
Computation of Direct and Overlapping Bonded Debt
15
16
17
ST-14
ST-15
ST-16
Demographic and Economic Statistics
Principal Employers
18
19
ST-17
ST-18
Full-time Equivalent County Employees by Function/Program
Operating Indicators by Function/Program
Capital Asset Statistic by Function/Program
20
21
22
ST-19
ST-20
ST-21
Revenue Capacity
Debt Capacity
Demographic and Economic Information Operating Information COMPLIANCE SECTION
Exhibit
Report on Compliance and on Internal Control over Financial Reporting based on an
Audit of Financial Statements Performed in Accordance with Government Auditing
Standards
CO-1
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
CO-3
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 CO-5
Schedule of Findings and Questioned Costs
Schedule of Expenditures of Federal and State Awards
L-1
L-2
CO-7
CO-11
ALAMANCE COUNTY
Finance Department
124 West Elm Street
Graham, NC 27253
www.alamance-nc.com
Amy W. Weaver
[email protected]
Finance Officer
(336) 570-4025
FAX (336) 570-6360
November 17, 2008
Residents of Alamance County
The Honorable Board of County Commissioners
It is my pleasure to submit the Comprehensive Annual Financial Report for Alamance County, North Carolina for the fiscal year
ended June 30, 2008. North Carolina State law requires all general-purpose local governments to publish within four months
of the close of each fiscal year a complete set of financial statements. The financial statements must be presented in
conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing
standards by a firm of licensed certified public accountants. This report complies with the requirements of GASB Statement
No. 34.
The Comprehensive Annual Financial Report consists of management’s representations concerning the finances of the
County. Consequently, management assumes full responsibility for the completeness and reliability of all of the information
presented in this report. To provide a reasonable basis for making these representations, management of the County has
established a comprehensive internal control framework that is designed to protect County assets from loss, theft, or misuse
and to compile sufficient reliable information for the preparation of the County’s financial statements in conformity with GAAP.
Because the cost of the internal controls should not outweigh their benefits, the County’s framework of internal controls has
been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material
misstatement. As managements, we assert that, to the best of our knowledge and belief, this financial report is complete and
reliable in all material respects.
The County’s financial statements have been audited by Cobb, Ezekiel, Loy & Company, P.A., a firm of licensed certified
public accountants. The goal of the independent audit was to provide reasonable assurance that the financial statements of
the County for the fiscal year ended June 30, 2008, are free of material misstatement. The independent audit involved
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the
accounting principles used and significant estimates made by management; and evaluating the overall financial statement
presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an
unqualified opinion that the County’s financial statements for the fiscal year ended June 30, 2008 are fairly presented in
conformity with GAAP. The independent auditor’s report is presented as the first component of the financial section of this
report.
The independent audit of the financial statements of the County was part of a broader, federal and state mandated, “Single
Audit” designed to meet the special needs of grantor agencies. The standards governing Single Audit engagements require
the independent auditor to report not only on the fair presentation of the financial statements, but also on the audited
government’s internal controls and compliance with legal requirements, with special emphasis on internal controls and legal
requirements involving the administration of federal and state awards. These auditor reports are available in the Single Audit
section of this report.
GAAP requirements specify that management provide a narrative introduction, overview, and analysis to accompany the basic
financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to
complement MD&A and should be read in conjunction with it. Some information traditionally reported in the letter of transmittal
is now included in the MD&A as required. The County’s MD&A can be found immediately following the report of the
independent auditors.
i
LETTER OF TRANSMITTAL
The County
Alamance County is a growing county located in central North Carolina. The County’s geographic location places it at a point
straddling the I-85/I-40 corridor with the Triad region immediately to the west and the Triangle immediately to the east. The I
85/I-40 corridor is considered one of the most dynamic business growth corridors stretching from the mid-Atlantic to the
southeast region of the U.S. The County’s position between two major metropolitan areas of the state provides the County
with an enviable position for future growth.
County residents pride themselves on the quality of life they enjoy. Strong city centers, beautiful open space, a strong history
dating back to the beginning of the country, and a “small town” character all contribute to a high level of pride citizens have in
their community. The County warmly welcomes visitors, new residents, and new businesses alike.
Alamance County was founded in 1849 by an act of the General Assembly. The county seat is the City of Graham, founded in
1851. The county has 10 municipalities located within its borders. The City of Burlington is the largest municipality and the
Town of Ossipee, formed in 2002, is the newest municipality. The County operates under the commissioner-manager form of
government. The five members of the Board of Commissioners are elected at-large and serve staggered four year terms. The
Commissioners are responsible for the legislative affairs of the County. They are also responsible for making appointments to
various statutory and advisory boards, and they appoint the County Manager, County Attorney and Clerk to the Board. The
County Manager is the chief executive officer of the County and is responsible for the enforcement of all laws, ordinances, and
policies, the efficient delivery of County services, and the preparation of capital and operating budgets.
The County provides its citizens with a wide range of services including sheriff and fire protection, solid waste management,
health and social services, cultural and recreational activities, general government administration, and others. In addition to
the direct service provision provided, the County also extends significant financial support to other boards, agencies and
commissions. These include the Alamance-Burlington School System, the Alamance Community College, the Alamance
County Tourism Development Authority, the Alamance County Transportation Authority, the Alamance-Caswell-Rockingham
Local Management Entity, the Piedmont Triad Council of Governments and the Burlington-Alamance Airport Authority.
The estimated 2008 population for the County was 143,154, representing a 1.19% increase from the 2007 estimated
population of 141,466. Since the last census in 2000, the population is estimated to have grown 8.9%. The County covers a
land area of 431 square miles and employs approximately 890 full-time, regular staff. Projections indicate a constant level of
growth for 2008-2009.
Population
160,000
140,000
120,000
100,000
2004
2005
2006
ii
2007
2008
Economic Conditions and Outlook
The information presented in the financial statements may be better understood when it is viewed from the broader perspective
of the economic and social environment within which the County operates.
The economy of the county has traditionally been driven by companies in the manufacturing sector, most notably the textile
industry. This closely mirrors the State as a whole. This situation frequently results in the county’s local economy being in a
position at the leading edge of whatever direction the larger economy is trending. When the economy is strong, the county is
one of the strongest. Unfortunately, when the economy weakens, the county tends to be hit harder than other locations. This
has been true in recent years. During the economic boom of the late 90’s, the county consistently saw unemployment rates
lower than state or national averages. With the recent downturn though, the county has experienced higher unemployment
rates. As a result, the June 2008 unemployment rate was 6.6 percent as compared to 6.2 percent statewide and nationwide.
Although the county continues to experience the trends described above, the local economy is stabilizing to be more resistant
to these swings. The county’s top employers now represent industries in health care and education, both of which tend to
survive economic downturns quite well. The county has continued to encourage a diversification of the economy and seek a
wide variety of industries to create jobs in the community. For example, during the past decade the percentage of workers in
the manufacturing sector has decreased drastically. There has also been noticeable growth in the commercial sector with the
development of University Commons and the opening of Alamance Crossing. Mebane continues to grow with a variety of new
businesses.
Expected growth in the county will result in the continued
increase in the tax base and our largest revenue source,
property taxes. From 2007 to 2008, the County saw the
tax base grow by 4.9% to almost $11 billion. Our second
largest revenue, sales tax, was impacted by the economy.
However, growth has returned, albeit at a more moderate
rate than was experienced in the late 90’s. Sales tax
revenues have become a larger portion of the County’s
revenue stream with the implementation of a new ½-cent
sales tax in December 2002.
The County closely
monitors resources and has engaged in aggressive
program efficiency and cost containment efforts, allowing
the County to maintain a strong financial position and
make progress toward improving that position. I believe
the changes in the economic environment in the area and
the diligent management of County costs and services
will provide ongoing financial stability and fiscal capacity.
Five Year Assessed Valuation
Billions of Dollars
12
10
8
6
4
2
0
2004
2005
2006
2007
2008
Year
Major Initiatives
During the year, the County engaged in several initiatives to ensure our ability to continue to meet long-term expectations.
From a budgetary standpoint, several actions were taken to counter the effects of the economic downturn and the State’s
actions to impound certain shared taxes. In adopting the budget for FY2008-2009, the Board made no changes in the ad
valorem tax rate of $0.5800.
During the year, the County and the local school system continued to review the results of a jointly appointed committee to
explore school facility needs. Voters approved a General Obligation bond referendum in the amount of $36.5M for school
facilities in FY2006-2007. All bonds have now been sold and school projects are underway.
The new jail expansion opened in the spring of 2007. This expansion project allowed Alamance County to house more
inmates and relieve crowding issues. With the expansion, Alamance County is now able to house more federal inmates and
participate in more federal immigration programs.
iii
The Future
The fiscal year 2008-2009 budget was recommended and adopted with a tax rate of $0.58, with no increase over the 2007
2008 tax rate. Some major features of the 2008-2009 budget include:
•
Increased funding to Alamance-Burlington School System for teacher supplements;
•
Increases to debt service for bond repayments;
•
Implementation of VIPER system
Cash Management
The County constantly monitors cash requirements in an effort to maximize investment of available cash resources. With
interest rates slowly rising the County is seeing a slight increase of investment income.
Earnings on investments were
$2,248,139 during 2007-2008. To the extent available, the use of investment income results in reduced current property tax
requirements, supplements capital project resources, and aids in reduced debt levels.
The investment policy of the County is guided in large part by State statute, whereby investments in certificates of deposit,
repurchase agreements, secured time deposits, banker’s acceptances, commercial paper, United States government and
agency securities and the North Carolina Capital Management Trust are made.
The County’s policy stresses safety, liquidity, and yield, in that order, when selecting investments. All investments must be
fully secured by pledged collateral, delivered securities or United States government guarantee with all securities, including
repurchase agreements and pledged collateral, being delivered to third party safekeeping accounts in the name of the County.
Risk Management
The County provides a comprehensive and varied plan of risk management. We continue to evaluate efforts in loss control
through safety programs and we have a broad plan for insuring against risk exposure. The County is self-insured for workers’
compensation claims up to $600,000 per accident for Sheriff and EMS departments and $550,000 for all other departments.
Public officials’ liability and general liability risks are covered through the purchase of commercial insurance coverage. For
property risks, including vehicles, the County also relies on commercial insurance coverage purchased through the private
sector.
Employee health and medical coverage is provided through a self-insurance fund established by the County to pay the claims
of County employees, retirees, and their dependents. The County has brought this fund into balance, due to significant
changes in contribution levels in prior years.
The employee health and medical program and the workers’ compensation programs are accounted for in internal service
funds.
Pension and Other Post Employment Benefits
Alamance County provides pension benefits for its employees through the statewide North Carolina Local Government
Employers Retirement System (LGERS). LGERS is a cost-sharing, multiple-employer defined benefit pension plan
administered by the State of North Carolina. Alamance County has no obligation in connection with employee benefits offered
through this plan beyond making the required contributions as set by the North Carolina General Assembly.
The County fully funds the Law Enforcement Officers’ Special Separation Allowance Plan, a single employer defined benefit
pension plan that provides benefits to the County’s qualified sworn law enforcement officers. The County is required to provide
these benefits by the North Carolina General Statutes.
The County contributes to the Supplemental Retirement Income Plan of North Carolina, a defined contribution benefit plan
administered by the North Carolina Department of State Treasurer and a Board of Trustees. All employees who are currently
members of a state-administered retirement plan are eligible to participate from their date of employment. The authority to
establish and amend benefits rests with the North Carolina General Assembly. The Statutes require that the County contribute
monthly 5% of each law enforcement officer’s qualified salary. The County has elected to contribute 2% for all other eligible
employees. Employees may also make additional contributions to the plan in accordance with Internal Revenue Service Code
Section 401(k).
Alamance County also contributes to the Register of Deed’s Supplemental Pension Fund (Fund), a noncontributory, defined
contribution pension plan administered by the North Carolina Department of State Treasurer. The Fund provides supplemental
benefits to any county Register of Deeds who is retired under the Local Government Retirement System or an equivalent
iv
locally sponsored plan. The authority to establish and amend benefits rests with the North Carolina General Assembly. The
County is required to remit 1.5% of certain statutory fees collected by the Register of Deeds monthly to the Fund.
The County offers its employees a deferred compensation plan created in accordance with Internal Revenue Service Code
Section 457. The plan permits employees to defer a portion of their salary until future years. All assets and income of the plan
are in a trust for the exclusive benefit of the participants and their beneficiaries.
The County also provides postretirement health and dental care benefits for certain retirees and their dependents. As of the
end of the current fiscal year, there were 255 retired employees receiving these benefits, which are financed on a pay-as-you
go basis. GAAP provisions do not require governments to report a liability in the financial statements in connection with an
employer’s obligation to provide these benefits.
Additional information on Alamance County’s pension arrangements and post employment benefits can be found in the notes
to the financial statements.
Awards and Acknowledgements
The County has participated in the Government Finance Officers Association (GFOA) Certificate of Achievement for
Excellence in Financial Reporting Program since 1991. GFOA recognizes governmental units that issue their comprehensive
annual financial report (CAFR) substantially in conformity with GAAP and all legal requirements. The County has received this
award, the highest form of recognition awarded in the field of governmental financial accounting, for its comprehensive annual
financial report for all years beginning with and since 1991, including the 2007 report. In order to be awarded a Certificate of
Achievement a governmental unit must publish an easily readable and efficiently organized CAFR. This report satisfied both
GAAP and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. I believe that our current CAFR continues to meet the
Certificate of Achievement Program’s requirements and I intend to submit it to the GFOA to determine its eligibility for another
certificate.
The preparation of this report has been accomplished by the efficient, effective and dedicated staff of the Finance Department
with assistance from the independent auditors, Cobb, Ezekiel, Loy & Company, P.A. The contributions of all are invaluable
and reflect the high standards of service we have set for ourselves.
I would also like to thank the Board of Commissioners and the County Manager for making possible the excellent financial
position of the County through their interest and support in planning and conducting the financial affairs of the County in a
responsible and progressive manner.
Respectfully submitted,
Amy W. Weaver
Finance Officer
v
PRINCIPAL OFFICIALS
ALAMANCE COUNTY, NORTH CAROLINA
PRINCIPAL OFFICIALS
Board of County Commissioners 2007-2008
Seated from left: Vice Chair - Dan W. Ingle, Chair - Larry W. Sharpe, Ann Vaughan
Standing from left: William H. Lashley, Timothy D. Sutton
County Administrative and Financial Staff
David I. Smith, County Manager, County Attorney, Clerk to the Board
Sammy H. Epps, Assistant County Manager
Timothy C. Burgess, Assistant County Manager
Amy W. Weaver, Finance Officer
vii
ORGANIZATIONAL CHART
Organization Chart – June 30, 2008
Citizens of Alamance
Soil & Water
Conservation
Board
Sheriff
Board of
Education
Board of
County Commissioners
Clerk of Court
District Attorney
Register of Deeds
County Manager
General
Government
Tax
Administrator
Public Safety
County Manager's
Office
Planning
Human Resources
Finance
Tax Administration
Board of
Elections
Elections
Sheriff
Jail
Economic &
Physical
Development
Culture &
Recreation
Cooperative Extension
Soil Conservation
School Resources Officers
Fire Marshal
Emergency Management
Legal
Register of Deeds
MIS
SARA/Management Planner
Judicial Services
Printing Services
Public Buildings
Purchasing
Revaluation
Emergency Medical Service
Central Communications
Inspections
Environmental
Protection
Landfill
Library Board
Library
Recreation and
Human
Services
Veteran's Services
Board of Health
Parks Commission
Health
WIC Program
Dental
Recreation
Board of
Social Services
Social Services
Juvenile Crime
Prevention
Council
Elected Position
Appointed Board or Position
viii
As management of Alamance County, we offer readers of Alamance County’s financial statements this narrative overview and
analysis of the financial activities of Alamance County for the fiscal year ended June 30, 2008. We encourage readers to read
the information presented here in conjunction with additional information that we have furnished in the County’s financial
statements, which follow this narrative.
Financial Highlights
•
The assets of Alamance County exceeded its liabilities at the close of the fiscal year by $35,018,182 (net assets).
•
The government’s total net assets increased by $4,304,480, primarily due to increased jail fees and a reduction in
the expenditures for educational capital projects.
•
As of the close of the current fiscal year, Alamance County’s governmental funds reported combined ending fund
balances of $38,568,982, a decrease of $7,280,755 in comparison with the prior year. Approximately 49 percent
of this total amount, or $18,922,786, is available for spending at the government’s discretion (unreserved fund
balance in the General Fund).
•
At the end of the current fiscal year, unreserved fund balance for the General Fund was $18,922,786, or 15.2
percent of total general fund expenditures for the fiscal year.
•
Alamance County’s total bond and financing debt decreased by $5,839,000 during the current fiscal year.
•
Alamance County maintained its AA-/Aa2 bond ratings.
Overview of the Financial Statements
This discussion and analysis are intended to serve as an introduction to Alamance County’s basic financial statements. The
County’s basic financial statements consist of three components: 1) government-wide financial statements, 2) fund financial
statements, and 3) notes to the financial statements (see Figure 1). The basic financial statements present two different views
of the County through the use of government-wide statements and fund financial statements. In addition to the basic financial
statements, this report contains other supplemental information that will enhance the reader’s understanding of the financial
condition of Alamance County.
Required Components of Annual Financial Report Figure 1
Management's
Discussion and
Analysis
Governmentwide
Financial
Statements
Basic
Financial
Statements
Fund
Financial
Statements
Summary
Notes to the
Financial
Statements
Detail
FI - 3
Basic Financial Statements
The first two statements (Exhibits A and B) in the basic financial statements are the Government-wide Financial Statements.
They provide both short and long-term information about the County’s financial status.
The next statements (Exhibits C through J) are Fund Financial Statements. These statements focus on the activities of the
individual parts of the County’s government. These statements provide more detail than the government-wide statements.
There are four parts to the Fund Financial Statements: 1) the governmental funds statement, 2) the budgetary comparison
statements, 3) the proprietary fund statements, and 4) the fiduciary fund statements.
The next section of the basic financial statements is the notes. The notes to the financial statements explain in detail some of
the data contained in those statements. After the notes, supplemental information is provided to show details about the
County’s non-major governmental funds and internal service funds, all of which are added together in one column on the basic
financial statements. Budgetary information required by the General Statutes also can be found in this part of the statements.
Following the notes is the required supplemental information. This section contains funding information about the County’s
pension plans.
Government-wide Financial Statements
The government-wide financial statements are designed to provide the reader with a broad overview of the County’s finances,
similar in format to a financial statement of a private-sector business. The government-wide statements provide short and
long-term information about the County’s financial status as a whole.
The two government-wide statements report the County’s net assets and how they have changed. Net assets are the
difference between the County’s total assets and total liabilities. Measuring net assets is one way to gauge the County’s
financial condition.
The government-wide statements are divided into three categories: 1) governmental activities, 2) business-type activities, and
3) component units. The governmental activities include most of the County’s basic services such as public safety, parks and
recreation, education, and general administration. Property taxes, sales taxes, and state and federal grant funds finance most
of these activities. The business-type activities are those that the County charges customers to provide. This includes the
landfill services offered by Alamance County. The final category is the component units.
Alamance County Tourism Development Authority is a public authority promoting the development of travel, tourism, and
conventions in the County. The County is responsible for appointing the governing body of the Authority and is required by
state statute to distribute two-thirds of a three percent local occupancy tax to the Authority for its operations. Although the
Authority is a legally separate entity from the County, it is important to the County because the County is financially
accountable for the Authority.
The Alamance County Transportation Authority is a public authority providing public transportation services in the County. The
Authority receives the majority of its funding from charges for services and grants from other governments. Although the
Authority is a legally separate entity from the County, it is important to the County because the County is financially
accountable for the Authority by appointing its members.
The Alamance County Industrial Facility and Pollution Control Financing Authority exist to issue and service revenue bond debt
of private businesses for economic development purposes. The County is responsible for appointing the seven board
members of the Authority. The Authority has no financial transactions or account balances; therefore, it is not presented in the
financial statements nor does the Authority issue separate financial statements.
The government-wide financial statements are on Exhibits A and B of this report.
Fund Financial Statements
The fund financial statements provide a more detailed look at the County’s most significant activities. A fund is a grouping of
related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives.
Alamance County, like all other governmental entities in North Carolina, uses fund accounting to ensure and reflect compliance
(or non-compliance) with finance-related legal requirements, such as the General Statutes or the County’s budget ordinance.
All of the funds of Alamance County can be divided into two categories: governmental funds and proprietary funds.
Governmental Funds – Governmental funds are used to account for those functions reported as governmental activities in the
government-wide financial statements. Most of the County’s basic services are accounted for in governmental funds. These
funds focus on how assets can readily be converted into cash flow in and out, and what monies are left at year-end that will be
available for spending in the next year. Governmental funds are reported using an accounting method called modified accrual
accounting. This method also has a current financial resources focus. As a result, the governmental fund financial statements
give the reader a detailed short-term view that helps him or her determine if there are more or less financial resources
available to finance the County’s programs. The relationship between government activities (reported in the Statement of Net
Assets and the Statement of Activities) and governmental funds is described in a reconciliation that is a part of the fund
financial statements.
FI - 4
Alamance County adopts an annual budget for its General Fund, as required by the General Statutes. The budget is a legally
adopted document that incorporates input from the citizens of the County, the management of the County, and the decisions of
the Board about which services to provide and how to pay for them. It also authorizes the County to obtain funds from
identified sources to finance these current period activities. The budgetary statement provided for the General Fund
demonstrates how well the County complied with the budget ordinance and whether or not the County succeeded in providing
the services as planned when the budget was adopted. The budgetary comparison statement uses the budgetary basis of
accounting and is presented using the same format, language, and classifications as the legal budget document. The
statement shows four columns: 1) the original budget as adopted by the board, 2) the final budget as amended by the board,
3) the actual resources, charges to appropriations, and ending balances in the General Fund, and 4) the difference or variance
between the final budget and the actual resources and charges. To account for the difference between the budgetary basis of
accounting and the modified accrual basis, a reconciliation showing the differences in the reported activities is shown at the
end of the budgetary statement.
Proprietary Funds – Alamance County has two kinds of proprietary funds. Enterprise Funds are used to report the same
functions presented as business-type activities in the government-wide financial statements. Alamance County uses an
enterprise fund for its landfill operations. Internal Service Funds are used to account for centralized services provided on a
cost-reimbursement basis. The County maintains two such funds. These funds are the same as those separate activities
shown in the business-type activities in the Statement of Net Assets and the Statement of Activities.
Fiduciary Funds – Fiduciary funds are used to account for resources held for the benefit of parties outside the government.
Alamance County has three fiduciary funds, two of which are expendable trust funds and ten agency funds.
Notes to the Financial Statements – The notes provide additional information that is essential to a full understanding of the data
provided in the government-wide and fund financial statements. The notes to the financial statements start on page FI-23.
Other Information – In addition to the basic financial statements and accompanying notes, this report includes certain required
supplementary information concerning Alamance County’s progress in funding its obligation to provide pension benefits to its
employees. Required supplementary information immediately follows the notes to the Financial Statements.
Government-Wide Financial Analysis
As noted earlier, net assets may serve over time as one useful indicator of a government’s financial condition. The assets of
Alamance County exceeded liabilities by $35,018,182 as of June 30, 2008. The County’s net assets for governmental
activities increased by $2,460,660 for the fiscal year ended June 30, 2008. One of the largest portions (164.54%) reflects the
County’s investment in capital assets (e.g. land, buildings, machinery, and equipment), less any related debt still outstanding
that was issued to acquire those items. Alamance County uses these capital assets to provide services to citizens;
consequently, these assets are not available for future spending. Although Alamance County’s investment in its capital assets
is reported net of the outstanding related debt, the resources needed to repay that debt must be provided by other sources,
since the capital assets cannot be used to liquidate these liabilities.
Alamance County, along with many other counties in North Carolina, funds school facilities that become assets of the school
district and community college facilities that become property of the community college, through the issuance of debt. General
Obligation Bonds have been issued by the County to fund the majority of the cost of these assets. The County’s liabilities at
June 30, 2008 include outstanding general obligation debt of $73.4 million related to funding these non-County assets. This
represents 100.0% of the County’s outstanding general obligation debt. Because the County does not retain the related
assets, this debt liability (less any unspent proceeds) reduces the County’s total net assets and presents a less favorable
picture as compared to governments that do not extensively fund the capital assets of other governmental entities.
Alamance County’s Net Assets
Figure 2
Governmental
Activities
2008
Current and other assets
Capital assets
Total assets
$
Long-term liabilities outstanding
Other liabilities
Total liabilities
Net assets:
Invested in capital assets, net of
related debt
Restricted
Unrestricted
Total net assets
55,890,747
55,605,717
111,496,464
2007
$
87,124,824
6,633,486
93,758,310
$
Business-Type
Activities
44,518,107
7,776,693
(34,556,646)
17,738,154 $
2008
59,638,300
54,818,600
114,456,900
$
11,663,705
13,101,255
24,764,960
Total
2007
$
10,310,546
12,734,656
23,045,202
92,793,731
6,385,675
99,179,406
7,389,239
95,693
7,484,932
7,556,807
52,187
7,608,994
42,349,248
15,891,473
(42,963,227)
15,277,494
13,101,255
312,844
3,865,929
17,280,028
12,734,656
304,791
2,396,761
15,436,208
$
FI - 5
$
2008
$
$
67,554,452
68,706,972
136,261,424
2007
$
69,948,846
67,553,256
137,502,102
94,514,063
6,729,179
101,243,242
100,350,538
6,437,862
106,788,400
57,619,362
8,089,537
(30,690,717)
35,018,182 $
55,083,904
16,196,264
(40,566,466)
30,713,702
Several particular aspects of the County’s financial operations influenced the total unrestricted governmental net assets:
•
Continued diligence in the collection of property taxes kept the collection percentage to 96.74%.
•
Increased charges for services revenue due to growth in the use of County facilities and services.
Alamance County Changes in Net Assets
Figure 3
Governmental Activities
Business-type Activities
2008
2008
2007
Total
2007
2008
2007
Revenues:
Program revenues
Charges for services
$
Operating grants and contributions
13,598,615
$
9,180,959
23,248,600
Capital grants and contributions
$
22,555,454
1,631,005
1,835,891
38,478,220
33,572,304
3,279,974
$
54,889
3,309,942
$
163,710
-
$
23,303,489
-
3,334,863
16,878,589
3,473,652
12,490,901
22,719,164
1,631,005
1,835,891
41,813,083
37,045,956
General revenues
Taxes
Property taxes for general purposes
64,601,642
61,819,265
-
-
64,601,642
61,819,265
Sales tax for general purposes
21,953,712
20,887,475
-
-
21,953,712
20,887,475
5,522,866
5,490,679
-
-
5,522,866
5,490,679
Sales taxes for school capital / debt
Occupancy taxes for tourism
development
Other taxes
Grants and contributions not restricted
617,406
572,772
-
-
617,406
572,772
1,306,750
1,148,931
-
-
1,306,750
1,148,931
-
Unresticted investment earnings
243,412
948,859
Other
Total revenues
-
1,159,283
-
386,690
-
485,558
243,412
1,335,549
1,644,841
280,576
14,414
398,282
298,713
678,858
313,127
133,710,031
124,908,535
4,119,835
4,257,923
137,829,866
129,166,458
Expenses:
General Government
10,355,242
10,670,206
-
-
10,355,242
10,670,206
Public safety
30,194,461
27,401,149
-
-
30,194,461
27,401,149
410,587
182,881
-
-
410,587
182,881
1,403,236
1,136,582
-
-
1,403,236
1,136,582
Transportation
Economic and physical development
Environmental protection
Human services
Cultural and recreation
Education
Interest on long-term debt
Landfill
84,821
58,048
-
-
84,821
58,048
35,898,520
34,843,773
-
-
35,898,520
34,843,773
3,752,811
3,375,087
-
-
3,752,811
3,375,087
44,977,170
51,741,478
-
-
44,977,170
51,741,478
4,172,523
3,708,893
-
Total Expenses
-
-
131,249,371
133,118,097
4,172,523
3,708,893
2,276,015
2,466,688
-
2,276,015
2,466,688
2,276,015
2,466,688
133,525,386
135,584,785
1,791,235
4,304,480
Increase (decrease) in net assets
before transfers and special items
2,460,660
Transfers
-
Special item - refund from vendor
-
Increase in Net Assets
2,460,660
Net Assets, beginning
15,277,494
Net Assets, ending
$
17,738,154
(8,209,562)
1,843,820
1,729,134
-
-
-
(6,480,428)
21,757,922
$
15,277,494
(1,729,134)
$
-
-
-
-
1,843,820
62,101
4,304,480
15,436,208
15,374,107
30,713,702
17,280,028
$
15,436,208
$
(6,418,327)
-
35,018,182
(6,418,327)
37,132,029
$
30,713,702
Governmental Activities. Governmental activities increased the County’s net assets by $2,460,660 . Key elements of the net
increase are as follows:
•
A decrease in expenditures of $1,868,926 (including $6.8 million decrease for education, offset by increases in
public safety of $2.8 million and human services of $1 million);
•
An increase in tax revenues of $2.8 million;
•
An increase in Jail and EMS fees in the amounts of $4 million and $800,000, respectively.
FI - 6
Business-type activities. Business-type activities increased Alamance County’s net assets by $1,843,820. This growth is
consistent with prior years and with the County’s budget for the activity. Part of this growth is due to a modification to the postclosure landfill cost calculations, which decreased the current year expenditures.
Financial Analysis of the County’s Funds
As noted earlier, Alamance County uses fund accounting to ensure and demonstrate compliance with finance-related legal
requirements.
Governmental Funds. The focus of Alamance County’s governmental funds is to provide information on near-term inflows,
outflows, and balances of usable resources. Such information is useful in assessing Alamance County’s financing
requirements. Specifically, unreserved fund balance can be a useful measure of a government’s net resources available for
spending at the end of the fiscal year.
The general fund is the chief operating fund of Alamance County. At the end of the current fiscal year, unreserved fund
balance of the General Fund was $18,922,786, while total fund balance reached $30,633,277, an increase of $2,386,705
compared to the prior year. As a measure of the general fund’s liquidity, it may be useful to compare both unreserved fund
balance and total fund balance to total fund expenditures. Unreserved fund balance represents 15.2 percent of total General
Fund expenditures, while total fund balance represents 24.6 percent of the same amount.
At June 30, 2008, the governmental funds of Alamance County reported a combined fund balance of $38,568,982, a 15.9
percent decrease from last year. The reason for this decrease is the reduction of fund balance in the Schools Capital Projects
Fund of $5,009,110, an increase in the General Fund of $2,386,705, and a decrease in Other Governmental Funds of
$4,658,350. The decreases in the Schools Capital Projects Fund and the Other Governmental Funds is due to the completion
and progress of various projects in process.
General Fund Budgetary Highlights. During the fiscal year, the County revised the budget on several occasions. Generally,
budget amendments fall into one of three categories: 1) amendments made to adjust the estimates that are used to prepare
the original budget ordinance once exact information is available; 2) amendments made to recognize new funding amounts
from external sources, such as Federal and State grants; and 3) increases in appropriations that become necessary to
maintain services. Total amendments to the General Fund increased revenues by $1,870,886 and expenditures by
$4,189,159. Other Financing Sources/Uses increased by $2,318,273. The General Fund property tax revenue was less then
expected while the Jail and EMS fees received were more then anticipated, resulting in the revenue exceeding the budget by
$501,165. The General Fund expenditures were less then expected due to cost saving measures put in place by the
Commissioners.
Proprietary Funds. Alamance County’s proprietary funds provide the same type of information found in the government-wide
statements but in more detail. Unrestricted net assets of the Landfill Fund at the end of the fiscal year amounted to
$3,865,929, an increase of $1,469,168 compared to the prior year. The total growth in net assets for the fund was $1,843,820.
Unrestricted net assets of the Internal Service Funds at the end of the year amounted to $6,974,741,
an
increase
of
$2,641,770 compared to the prior year. The County has improved the financial stability of both of the internal service funds.
Capital Asset and Debt Administration
Capital Assets. Alamance County’s investment in capital assets for its governmental and business-type activities as of June
30, 2008, totals $68,706,972 (net of accumulated depreciation). These assets include buildings, land, machinery and
equipment, library books and audio-visual materials, park facilities, and vehicles.
Major capital asset transactions during the year include:
•
The purchase of books and audio visual materials to increase the library’s collection;
•
Construction in progress related to Emergency Management Services and the Facility Maintenance projects.
•
The purchase of vehicles and equipment.
FI - 7
Alamance County’s Capital Assets (net of accumulated depreciation)
Figure 4
Land
Construction in progress
Library books and audiovisual materials
Buildings
Other improvements
Equipment
Vehicles and motor
equipment
Infrastructure
Landfill
Total Net Assets
$
$
2008
2007
2,561,292 $
2,486,716
1,999,379
819,209
2008
2007
2,169,687 $
2,169,687
4,217,180
4,217,180
$
Total
2008
4,730,979 $
6,216,559
$
2007
4,656,403
5,036,389
3,594,465
39,591,998
571,977
3,468,314
3,523,596
40,517,865
486,882
3,329,632
261,441
65,452
144,933
174,907
67,977
94,497
3,594,465
39,853,439
637,429
3,613,247
3,523,596
40,692,772
554,859
3,424,129
3,692,089
126,203
55,605,717
3,525,642
129,058
54,818,600
1,914,820
4,327,742
13,101,255
1,514,402
4,496,006
12,734,656
5,606,909
126,203
4,327,742
68,706,972
5,040,044
129,058
4,496,006
67,553,256
$
$
$
$
$
Additional information on the County’s capital assets can be found in Note III.A.5 of the Basic Financial Statements.
Long-term Debt. As of June 30, 2008, Alamance County had total debt outstanding of $84,497,612, the majority of which is
backed by the full faith and credit of the County.
Alamance County’s Outstanding Debt
General Obligation and Revenue Bonds, Installment Loans, and Revolving Loan
Figure 5
General obligation bonds
Special obligation bonds
Installment financing agreements
Revolving Loan
Total
$
$
2008
2007
73,410,000 $ 77,745,000
10,997,303
12,469,352
90,309
135,464
84,497,612 $ 90,349,816
$
$
2008
2007
$
$
-
$
$
Total
2008
73,410,000 $
10,997,303
90,309
84,497,612 $
2007
77,745,000
12,469,352
135,464
90,349,816
Alamance County’s total bond and financing debt decreased by $5,839,000 (6.46 percent) during the past fiscal year, due to
payments made as scheduled on existing debt.
As mentioned in the financial highlights section of this document, Alamance County maintained its Aa2 bond rating from
Moody’s Investors Service and AA- rating from Standard & Poor’s Ratings Services. These bond ratings are a clear indication
of the sound financial condition of Alamance County.
The State of North Carolina limits the amount of general obligation debt that a unit of government can issue up to 8 percent of
the total assessed value of taxable property located within that government’s boundaries. The legal debt margin for Alamance
County is $763,762,833. The County’s current outstanding debt represents .80 percent of total assessed value of taxable
property.
Additional information regarding Alamance County’s long-term debt can be found in note III.B.7 of this audited financial report.
Economic Factors and Next Year’s Budgets and Rates
The following key economic indicators reflect the economic situation for Alamance County:
•
Growth in the tax base of the county is expected to continue growing at a slower rate and will yield a slight
increase in property tax revenues.
•
Sales tax revenues are expected to level out as the economy is expected to show some slow down during the
year.
•
Unemployment is expected to continue to be an issue for the county’s citizens and may drive demands for some
services, particularly health and social services, higher.
FI - 8
Budget Highlights for the Fiscal Year Ending June 30, 2009
Governmental Activities. Property taxes and sales tax revenues are expected to be the primary sources of an increase in
revenue. The property tax rate is remaining the same at 0.58 cents per one hundred dollars ($100) valuation. The
combination of increases in other revenue sources, such as jail fees, with the property tax revenues will result in an increase of
budgeted revenues in the amount of $2,448,679.
Budgeted expenditures in the General Fund are expected to increase 1.92% to $129,676,438. The increase in expenditures is
primarily in education ($2,968,966 or 9 percent), with other departments and County programs only increasing slightly.
Business-type Activities. Rates for landfill services will remain the same. There is no expected change for landfill operations.
Requests for Information
This report is designed to provide an overview of the County’s finances for those with an interest in this area. Questions
concerning any of the information found in this report or requests for additional information should be directed to:
Finance Officer
Alamance County
124 West Elm St.
Graham, NC 27253
FI - 9
Statement of Net Assets
June 30, 2008
Primary Government
ASSETS
Cash and cash equivalents
Receivables (net)
Due from other governments
Due from component unit
Internal balances
Prepaid items
Restricted cash and cash equivalents
Deferred charges - issuance costs
Capital assets:
Land and other assets not being
depreciated
Other capital assets, net of depreciation
Total capital assets
Total assets
LIABILITIES
Accounts payable and accrued expenses
Unearned revenue
Accrued interest payable
Premium on general obligation bonds
Due to primary government
Due to component units
Long-term liabilities:
Due within one year
Due in more than one year
Total long-term liabilities
Total liabilities
Exhibit A
Component Units
Alamance County:
Tourism
DevelopTransment
portation
Authority
Authority
Governmental
Activities
Business-type
Activities
Total
$
39,327,978
4,915,377
11,327,531
25,000
294,861
$ 11,015,864
264,158
53,623
17,216
312,844
-
$ 50,343,842
5,179,535
11,381,154
25,000
17,216
312,844
294,861
$ 386,620
74,005
-
8,155,136
47,450,581
55,605,717
111,496,464
6,386,868
6,714,387
13,101,255
24,764,960
14,542,004
54,164,968
68,706,972
136,261,424
460,625
412,381
412,381
494,222
4,758,508
578,405
1,048,283
167,405
80,885
95,693
-
4,854,201
578,405
1,048,283
167,405
80,885
3,950
-
60,736
2,171
-
-
-
7,082,209
80,042,615
87,124,824
93,758,310
38,020
7,351,219
7,389,239
7,484,932
7,120,229
87,393,834
94,514,063
101,243,242
3,950
62,907
57,619,362
-
412,381
68,108
167,440
52,760
423,757
279,521
3,722
6,751,475
342,754
8,089,537
(30,690,717)
$ 35,018,182
-
NET ASSETS
Invested in capital assets, net of related debt
44,518,107
13,101,255
Restricted for:
General government
68,108
Public safety
167,440
Human resources
52,760
Economic development
423,757
Cultural and recreational
279,521
Transportation
3,722
Capital projects
6,751,475
Other purposes
29,910
312,844
Total restricted net assets
7,776,693
312,844
Unrestricted (deficit)
(34,556,646)
3,865,929
Total net assets
$ 17,738,154 $ 17,280,028
The notes to the financial statements are an integral part of this statement.
FI - 12
456,675
$ 456,675
$
23,082
51,879
6,880
-
18,933
$ 431,314
Statement of Activities
For the fiscal year ended June 30, 2008
Program Revenues
Expenses
FUNCTIONS/PROGRAMS
Primary government:
Governmental activities:
General government
Public safety
Transportation
Human services
Education
Total governmental activities
FI -13
Business-type activities:
Landfill
Total business-type activities
Total primary government
Component units:
Tourism Development Authority
Transportation Authority
Total component units
Charges for
Services
Operating
Grants and
Contributions
Primary Government
Capital
Grants and
Contributions
$ 10,355,242 $ 1,247,077 $
147,543 $
9,526
30,194,461
6,995,888
2,503,770
27,333
410,587
1,050
97,970
1,403,236
15,152
84,821
437,515
144,592
34,461
35,898,520
4,379,508
19,302,487
7
3,752,811
537,577
540,388
2,562
44,977,170
496,698
1,557,116
4,172,523
131,249,371
13,598,615
23,248,600
1,631,005
Governmental Business-type
Activities
Activities
$
3,279,974
54,889
2,276,015
2,276,015
3,279,974
54,889
$ 133,525,386 $
9 $ 23,303,489 $ 1,631,005
$
$
360,365
1,541,746
1,902,111
$
$
532,024
532,024
$
$
1,145,551
1,145,551
$
$
Transfers
Total general revenues, special item, and transfers
Change in net assets
Net assets - beginning
Net assets - ending
(8,951,096) $
(20,667,470)
(311,567)
(1,388,084)
531,747
(12,216,518)
(2,672,284)
(42,923,356)
(4,172,523)
(92,771,151)
-
Total
$ (8,951,096)
(20,667,470)
(311,567)
(1,388,084)
531,747
(12,216,518)
(2,672,284)
(42,923,356)
(4,172,523)
(92,771,151)
8
8
(92,771,151)
1,058,848
1,058,84
1,058,84
-
1,058,848
1,058,848
(91,712,303)
$ (360,365) $
(360,365)
135,829
135,829
64,601,642
27,476,578
1,924,156
1,335,549
678,858
-
399,318
11,108
-
1,052
36,584
(128,569)
96,016,783
4,304,480
30,713,702
35,018,182
410,426
50,061
406,614
456,675
-
(90,933)
44,896
386,418
431,314
-
16,878,58
General
revenues:
Taxes:
Property taxes, levied for general purpose
Local option sales tax
Other taxes and licenses
Grants and contributions not restricted to specific programs
Investment earnings, unrestricted
Miscellaneous, unrestricted
Reduction of liens
The notes to the financial statements are an integral part of this statement
Exhibit B
Component Units
Alamance County:
Tourism
DevelopTransment
portation
Authority
Authority
$
64,601,642
27,476,578
1,924,156
948,859
386,690
280,576
398,282
95,231,811
784,972
2,460,660
1,843,820
15,277,494
15,436,208
17,738,154 $
8 $
-
17,280,02
-
$
$
Balance Sheet
Governmental Funds
June 30, 2008
Exhibit C
Major
ASSETS
Receivables (net)
Due from other governments
Total assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable and accrued liabilities
Miscellaneous liabilities
Due to component units
Unearned revenue
Deferred revenue
Total liabilities
Fund balances:
Reserved for:
State statute
Encumbrances
Unreserved
Unreserved, reported in non-major:
Special revenue funds
Capital projects funds
Total fund balances
Total liabilities and fund balances
Nonmajor
General Fund
Schools Capital
Projects Fund
Other
Governmental
Funds
Total
Governmental
Funds
$
$
$
$
$
$
$
22,174,892
4,199,363
11,264,267
37,638,522
2,057,017
256,511
80,885
578,405
4,032,427
7,005,245
$
$
6,694,085
25,870
6,719,955
1,113,042
1,113,042
$
$
2,974,233
180,799
63,264
3,218,296
721,441
168,063
889,504
$
$
31,843,210
4,406,032
11,327,531
47,576,773
3,891,500
256,511
80,885
578,405
4,200,490
9,007,791
11,431,203
279,288
18,922,786
25,870
5,581,043
76,000
-
11,533,073
279,288
24,503,829
30,633,277
37,638,522
5,606,913
6,719,955
897,871
1,354,921
2,328,792
3,218,296
897,871
1,354,921
38,568,982
$
$
Reconciliation of Governmental Funds Balance Sheet to the Statement of Net Assets
Amounts reported for governmental activities in the statement of
net assets (Exhibit A) are different because:
Deferred charges related to school bond issues
294,861
Capital assets used in governmental activities are not financial
resources and therefore are not reported in the funds
55,605,719
Other long-term assets are not available to pay for current-period
expenditures and therefore are deferred in the funds
Internal service funds are used by management to charge the
costs of certain activities, such as employee insurance and
workers compensation insurance, to individual funds. The
assets and liabilities of the internal service funds are included in
governmental activities in the statement of assets.
433,870
6,974,741
Liabilities for earned but deferred revenues in fund statements
Some liabilities, including bonds payable, are not due and
payable in the current period and therefore are not reported in
the funds
Premium on bonds issued
Net assets of governmental activities
4,200,493
(88,173,107)
(167,405)
$
FI - 14
17,738,154
Statement of Revenues, Expenditures, and Changes in Fund Balance
Governmental Funds
Exhibit D
Page 1 of 2
Major
General Fund
REVENUES
Ad valorem taxes
Local option sales taxes
Unrestricted intergovernmental
Restricted intergovernmental
Permits and fees
Sales and services
Investment earnings
Miscellaneous
Total revenues
EXPENDITURES
Current:
General government
Public safety
Transportation
Human services
Intergovernmental:
Education
Capital outlay
Debt service:
Principal
Interest and other charges
Total expenditures
Excess (deficiency) of revenues
over expenditures
OTHER FINANCING SOURCES (USES)
Transfers from other funds
Transfers to other funds
Proceeds of bond sale
Sale of equipment and vehicles
Total other financing sources and uses
Net change in fund balance
Fund balance - beginning, as restated
Fund balance - ending
$
60,793,402
27,476,577
1,235,689
247,751
21,605,196
1,385,950
11,710,584
948,859
857,017
126,261,025
Schools Capital
Projects Fund
Nonmajor
Other
Governmental
Funds
$
$
902,122
410,989
577,254
1,890,365
11,880,730
26,528,085
410,587
84,821
1,415,778
36,238,804
4,006,226
-
$
64,483,325
27,476,577
1,432,330
247,751
22,981,577
1,385,950
11,710,584
1,597,120
1,434,271
132,749,485
4,482,656
-
11,880,730
31,010,741
410,587
84,821
1,415,778
36,238,804
4,006,226
34,107,514
-
6,675,142
-
2,947,562
1,246,955
43,730,218
1,246,955
5,838,999
3,796,598
124,308,142
480,583
7,155,725
8,677,173
5,838,999
4,277,181
140,141,040
(5,265,360)
(4,079,078)
(7,391,555)
256,250
256,250
(5,009,110)
10,616,023
5,606,913 $
131,011
(710,283)
(579,272)
(4,658,350)
6,987,142
2,328,792 $
1,104,044
(1,097,544)
104,300
110,800
(7,280,755)
45,849,737
38,568,982
1,952,883
$
3,689,923
196,641
474,259
237,272
4,598,095
Total
Governmental
Funds
716,783
(387,261)
104,300
433,822
2,386,705
28,246,572
30,633,277 $
FI - 15
Governmental Funds
Exhibit D
Page 2 of 2
Reconciliation of Statement of Revenues, Expenditures and Changes in Fund Balances of
Governmental Funds to the Statement of Activities
Amounts reported for governmental activities in the statement of activities (Exhibit
B) are different because:
Net changes in fund balances - total governmental funds
$
Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period.
(7,280,755)
1,317,558
Basis of disposed capital assets not recorded in fund statements
(463,654)
Revenues in the statement of activities that do not provide current financial
resources are not reported as revenues in the funds.
406,084
The issuance of long-term debt provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes current financial resources of governmental funds. Neither transaction has any effect on net assets. Also, governmental funds report the effect of issuance costs, premiums, discounts and similiar items when debt is first issued, whereas these amounts are deferred and amortized in the statement of activities. This amount is the net effect of these differences in the treatment of long-term debt and related items.
5,643,424
Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.
196,233
Net revenue (loss) of internal service funds determined to be governmental type
2,641,770
Total change in net assets of governmental activities
$
FI - 16
2,460,660
Budget and Actual - General Fund
Exhibit E
Budgeted Amounts
Variance with Final
Positive (Negative)
Original
Final
Actual
REVENUES
Ad valorem taxes
$ 62,080,151
27,651,000
1,497,000
225,000
$ 62,105,423
27,715,412
1,250,000
225,000
$ 60,793,402
27,476,577
1,235,689
247,751
Permits and fees
Sales and services
Investment earnings
Miscellaneous
Total revenues
18,537,349
1,595,000
11,112,064
700,000
491,410
123,888,974
21,371,461
1,749,756
9,771,077
700,000
871,731
125,759,860
21,605,196
1,385,950
11,710,584
948,859
857,017
126,261,025
233,735
(363,806)
1,939,507
248,859
(14,714)
501,165
12,918,349
26,883,309
73,732
63,984
1,087,275
38,163,266
4,129,299
13,661,913
27,800,802
410,687
103,200
1,396,215
39,747,987
4,387,569
11,880,730
26,528,085
410,587
84,821
1,415,778
36,238,804
4,006,226
1,781,183
1,272,717
100
18,379
(19,563)
3,509,183
381,343
34,207,514
34,207,514
34,107,514
100,000
6,380,611
3,270,420
127,177,759
6,380,611
3,270,420
131,366,918
5,838,999
3,796,598
124,308,142
541,612
(526,178)
7,058,776
EXPENDITURES
Current:
General government
Public safety
Transportation
Human services
Intergovernmental:
Education
Debt service:
Principal
Total expenditures
Revenues over (under) expenditures
Loan repayment from ACTA
Loan payment from Airport Authority
Sale of equipment and vehicles
Appropriated fund balance
Contingency
Total other financing sources and uses
Revenues and other financing sources over
expenditures and other financing uses
(3,288,785)
(5,607,058)
-
716,783
(387,261)
25,000
500,000
129,300
4,623,236
5,607,058
25,000
3,313,785
(50,000)
3,288,785
$
-
$
Fund balances:
Beginning of year - July 1, as restated
End of year - June 30
-
1,952,883
FI - 17
(25,000)
(500,000)
(25,000)
(4,623,236)
(5,173,236)
104,300
433,822
2,386,705
(1,312,021)
(238,835)
(14,311)
22,751
7,559,941
716,783
(387,261)
-
28,246,572
$ 30,633,277
$
$
2,386,705
Statement of Net Assets - Proprietary Funds
June 30, 2008
Major
Enterprise Fund
Landfill Fund
ASSETS
Current assets:
Receivables (net)
Prepaid warranty
Total current assets
$
Noncurrent assets:
Restricted cash and cash equivalents
Deferred charges
Capital assets:
Land
Other capital assets, net of depreciation
Total capital assets
Total noncurrent assets
Total assets
11,015,864
317,781
17,216
11,350,861
Exhibit F
Nonmajor
Governmental
Activities - Internal
Service Funds
$
312,844
-
LIABILITIES
Current liabilities:
Accounts payable
Accrued landfill closure and postclosure care current costs
Compensated absences payable
Total current liabilities
Noncurrent liabilities:
Accrued landfill closure and postclosure care costs
Total noncurrent liabilities
Total liabilities
NET ASSETS
Invested in capital assets
Restricted - Unexpended bond proceeds
Unrestricted
Total net assets
$
FI - 18
7,484,768
100,458
7,585,226
-
2,169,687
10,931,568
13,101,255
13,414,099
24,764,960
7,585,226
95,693
1,000
37,020
133,713
610,485
610,485
7,343,928
7,291
7,351,219
7,484,932
610,485
13,101,255
312,844
3,865,929
17,280,028
6,974,741
6,974,741
$
Statement of Revenues, Expenses and Changes in Fund Net Assets - Proprietary Funds
Major
Enterprise Fund
Landfill Fund
OPERATING REVENUES
Landfill user charges
Insurance premiums
Miscellaneous
Total operating revenues
$
OPERATING EXPENSES
Administration
Operations:
Personal services
Supplies and materials
Current obligations and services
Fixed charges and other expenses
Landfill closure and postclosure care costs
Depreciation
Total operating expenses
3,279,974
398,282
3,678,256
Exhibit G
Nonmajor
Governmental
Service Funds
$
122,105
Operating income (loss)
NONOPERATING REVENUES (EXPENSES)
Scrap Tire Disposal Grant
Interest and investment revenue
Interest expense and fees
Total nonoperating revenue (expenses)
Transfer to other funds
Total net assets - beginning
Total net assets - ending
$
FI - 19
9,484,188
207,916
9,692,104
56,000
860,220
32,001
478,343
565,567
(160,204)
377,983
2,276,015
7,293,352
9,725
7,359,077
1,402,241
2,333,027
54,889
386,690
441,579
1,843,820
15,436,208
17,280,028
315,243
315,243
(6,500)
2,641,770
4,332,971
6,974,741
$
Statement of Cash Flows - Proprietary Funds
For the year ended June 30, 2008
Major
Enterprise Fund
Landfill Fund
Cash flows from operating activities:
Cash received from customers
Cash received from interfund services provided
Cash paid for goods and services
Cash paid for interfund services used
Cash paid to employees for services
Other operating revenue
Net cash provided (used) by operating activities
$
3,507,861
(1,351,973)
(647,402)
319,202
1,827,688
Cash flows from noncapital financing:
Transfers out
Exhibit H
Nonmajor
Governmental
Service Funds
$
-
Cash flows from capital and related financing activities:
Acquisition and construction of capital assets
Principal paid on bond maturities and equipment contracts
Scrap Tire disposal grant
Interest paid on bond maturities and equipment contracts
Net cash used by capital and related financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents, July 1
Cash and cash equivalents, June 30
(6,500)
(744,582)
54,889
(689,693)
Cash flows from investing activities:
Interest on investments
$
9,487,829
(7,341,204)
207,916
2,354,541
-
376,817
313,163
1,514,812
2,661,204
9,813,896
11,328,708
$
4,823,564
7,484,768
$
2,333,027
Reconciliation of operating income to net cash provided (used) by operating activities:
Adjustments to reconcile operating income to net cash provided by
operating activities:
Depreciation
Landfill closure and postclosure care costs
Changes in assets and liabilities:
(Increase) decrease in accounts receivable
(Increase) decrease in prepaid warranty
Increase (decrease) in accounts payable and accrued liabilities
(Increase) decrease in deferred charges
Increase (decrease) in accrued vacation pay
Total adjustments
$
Net cash provided (used) by operating activities
$
FI - 20
1,402,241
377,983
(160,204)
-
148,807
2,284
63,941
(7,364)
425,447
3,641
17,873
21,514
1,827,688
$
2,354,541
Statement of Net Assets - Fiduciary Funds
June 30, 2008
Exhibit I
Private Purpose
Trust Funds
ASSETS
Taxes receivable (net)
Total assets
$
LIABILITIES
Accounts payable
Intergovernmental payable
Total liabilities
478,977
453
479,430
Agency Funds
$
780,805
780,805
13,957
13,957
NET ASSETS
Assets held in trust for beneficiary benefits
Total net assets
$
FI - 21
465,473
465,473
780,805
780,805
$
-
Statement of Changes in Fund Net Assets - Fiduciary Funds
Exhibit J
Private Purpose
Trust Funds
ADDITIONS
Restricted intergovernmental revenue
Permits and fees
Miscellaneous
$
Interest
442,165
22,250
893,490
1,381
Total additions
1,359,286
DEDUCTIONS
Benefits
1,323,164
Total deductions
1,323,164
36,122
Total net assets - beginning
429,351
Total net assets - ending
$
FI - 22
465,473
Notes to the Financial Statements - Alamance County, North Carolina
For the Year Ended June 30, 2008
Notes to the Financial Statements
For the Fiscal Year Ended June 30, 2008
I. Summary of Significant Accounting Policies
The accounting policies of Alamance County and its discretely presented component units conform to generally accepted
accounting principles as applicable to governments. The following is a summary of the more significant accounting policies:
A. Reporting entity
The County, which is governed by an elected board of five commissioners, is one of the 100 counties established in the
State of North Carolina under North Carolina General Statute 153A-10. As required by generally accepted accounting
principles, these financial statements present the County and its component units, legally separate entities for which the
County is financially accountable. One component unit of the County, the Alamance County Industrial Facility and
Pollution Control Financing Authority, has no financial transactions or account balances; therefore, it does not appear in
the combined financial statements. The Alamance County Tourism Development Authority (Tourism) and the Alamance
County Transportation Authority (Transportation), both have June 30 year ends. Tourism is presented discretely as a
governmental fund type and Transportation is presented discretely as a proprietary fund type.
Component units Alamance County Tourism Development Authority The Alamance County Tourism Development Authority (Tourism) is a public authority under the Local
Government Budget and Fiscal Control Act and exists to further the development of travel, tourism, and
conventions in the County, through state, national and international advertising and promotion. The County is
responsible for appointing the governing board of Tourism and is required by state statute to distribute two-thirds
of a three percent local occupancy tax to Tourism for its operations. The Authority, which has a June 30 year
end, is presented as if it were a governmental fund. Complete financial statements for Tourism may be obtained
from Tourism’s administrative offices:
Alamance County Tourism Development Authority 610 South Lexington Avenue Burlington, NC 27215 Alamance County Transportation Authority
The Alamance County Transportation Authority (Transportation) exists to provide transportation for the elderly,
disabled, and general public residing in Alamance County. Transportation is governed by a five-member board of
trustees; three appointed by the Alamance County Board of Commissioners; one by the City of Burlington; and
one by the Burlington Metropolitan Planning Organization. The Authority, which has a June 30 year end, is
presented as if it were a governmental fund. Complete financial statements for Transportation may be obtained
from Transportation’s principal office:
Alamance County Transportation Authority 1946-C Martin Street Burlington, North Carolina, 27217 Alamance County Industrial Facility and Pollution Control Financing Authority
The Alamance County Industrial Facility and Pollution Control Financing Authority (Authority) exists to issue and
service revenue bond debt of private business for economic development purposes. The Authority is governed
by a seven-member board of commissioners, all of whom are appointed by the County commissioners. The
County can remove any commissioner of the authority with or without cause. The authority has no financial
transactions or account balances; therefore, it is not presented in the combined financial statements. The
Authority does not issue separate financial statements.
FI - 23
B. Basis of presentation, measurement focus – basis of accounting
Government-wide Statements: The statement of net assets and the statement of activities display information about the
primary government (the County) and its component units. These statements include the financial activities of the overall
government, except for fiduciary activities. Eliminations have been made to minimize the double counting of internal
activities. These statements distinguish between the governmental and business-type activities of the County.
Governmental activities generally are financed through taxes, intergovernmental revenues, and other non-exchange
transactions. Business-type activities are financed in whole or in part by fees charged to external parties.
The statement of activities presents a comparison between direct expenses and program revenues for the different
business-type activities of the County and for each function of the County’s governmental activities. Direct expenses are
those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular
function. Indirect expense allocations that have been made in the funds have been reversed for the statement of activities.
Program revenues include (a) fees and charges paid by the recipients of goods or services offered by the programs and
(b) grants and contributions that are restricted to meeting the operational or capital requirements of a particular program.
Revenues that are not classified as program revenues, including all taxes, are presented as general revenues.
Fund Financial Statements: The fund financial statements provide information about the County’s funds, including its
fiduciary funds and blended component units. Separate statements for each fund category—governmental, proprietary,
and fiduciary—are presented. The emphasis of fund financial statements is on major governmental and enterprise funds,
each displayed in a separate column. All remaining governmental and enterprise funds are aggregated and reported as
non-major funds.
Proprietary fund operating revenues, such as charges for services, result from exchange transaction associated with the
principal activity of the fund. Exchange transactions are those in which each party receives and gives up essentially equal
values. Nonoperating revenues, such as subsidies, result from non-exchange transactions. Other non-operating items
such as investment earnings are ancillary activities.
The County reports the following major governmental funds:
General Fund. This is the County’s primary operating fund. It accounts for all financial resources of the general
government, except those required to be accounted for in another fund.
Schools Capital Projects Fund. This fund accounts for all school capital projects and activities.
The County also reports Other Governmental Funds, which are individually non-major, in total. The rural fire districts,
Emergency Telephone System, County Facilities reserve, ACC reserve, Local Schools reserve and the Scattered Site
Rehabilitation Grant Fund are all special revenue fund types. They are used to account for the proceeds of specific
revenue sources, other than major capital projects, that are legally restricted to expenditures for specific purposes.
The Capital Project funds are used to account for financial resources to be used for the acquisition or construction of
major capital facilities (other than those financed by proprietary funds). The County has six Capital Projects funds
within the non-major Governmental Fund types; these funds have been combined in the accompanying financial
statements.
The County reports the following major enterprise fund:
Landfill Fund. This fund accounts for the operation, maintenance, and development of various landfills and disposal
sites.
Additionally, the County reports the following fund types:
Internal service funds. Internal service funds account for employee health benefits and worker’s compensation risk
management provided to other departments or agencies of the government on a cost reimbursement basis.
Trust Funds. The County has two trust funds, the indigent trust fund and the general trust fund, that account for
assets held by the government in a trustee capacity.
Agency Funds. Agency funds are custodial in nature and do not involve the measurement of operating results.
Agency funds are used to account for assets the County holds on behalf of others. The County maintains the
FI - 24
following agency funds: the Fines and Forfeitures Fund, which accounts for various legal fines and forfeitures that the
County is required to remit to the Burlington-Alamance Board of Education and the three percent interest on the first
month of delinquent motor vehicle taxes that the County is required to remit to the North Carolina Department of Motor
Vehicles; and nine property tax funds, which account for property taxes that are billed and collected by the County for
various municipalities and special districts within the County.
C. Measurement focus, basis of accounting
In accordance with North Carolina General Statutes, all funds of the County are maintained during the year using the
modified accrual basis of accounting.
Government-wide, Proprietary, and Fiduciary Fund Financial Statements. The government-wide, proprietary, and fiduciary
fund financial statements are reported using the economic resources measurement focus, except for the agency funds
which have no measurement focus. The government-wide, proprietary fund, and fiduciary fund financial statements are
reported using the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the
time liabilities are incurred, regardless of when the related cash flows take place. Non-exchange transactions, in which the
County gives (or receives) value without directly receiving (or giving) equal value in exchange, include property taxes,
grants, entitlements, and donations. On an accrual basis, revenue from property taxes is recognized in the fiscal year for
which the taxes are levied. Revenue from grants, entitlements, and donations is recognized in the fiscal year in which all
eligibility requirements have been satisfied.
Amounts reported as program revenues include 1) charges to customers or applicants for goods, services, or privileges
provided, 2) operating grants and contributions, and 3) capital grants and contributions, including special assessments.
Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general
revenues include all taxes.
Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and
expenses generally result from providing services and producing and delivering goods in connection with a proprietary
fund’s principal on-going operations. The principal operating revenues of the County enterprise fund are charges to
customers for sales and services. Operating expenses for enterprise funds include the cost of sales and services,
administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are
reported as nonoperating revenues and expenses.
Governmental Fund Financial Statements. Governmental fund financial statements are reported using the current
financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are
recognized when measurable and available. Expenditures are recorded when the related fund liability is incurred, except
for principal and interest on general long-term debt, claims and judgments, and compensated absences, which are
recognized as expenditures to the extent they have matured. General capital asset acquisitions are reported as
expenditures in governmental funds. Proceeds of general long-term debt and acquisitions under capital leases are
reported as other financing sources.
The County considers all revenues available if they are collected within 60 days after year-end, except for property taxes.
Ad valorem property taxes are not accrued as a revenue because the amount is not susceptible to accrual. At June 30,
taxes receivable are materially past due and are not considered to be an available resource to finance the operations of
the current year. Also, as of January 1,1993, State law altered the procedures for the assessment and collection of
property taxes on registered motor vehicles in North Carolina. Effective with this change in the law, Alamance County is
responsible for billing and collecting the property taxes on all registered motor vehicles on behalf of all municipalities and
special tax districts in the County. For those motor vehicles registered under the staggered system and for vehicles newly
registered under the annual system, property taxes are due the first day of the fourth month after the vehicles are
registered. The billed taxes are applicable to the fiscal year in which they become due. Therefore, taxes for vehicles
registered from March 2007 through February 2008 apply to the fiscal year ended June 30, 2008. Uncollected taxes which
were billed during this period are shown as a receivable on these financial statements.
FI - 25
Sales taxes and certain intergovernmental revenues, such as the utilities franchise tax, collected and held by the State at
year end on behalf of the County are recognized as revenue. Intergovernmental revenues, and sales and services are not
susceptible to accrual because generally they are not measurable until received in cash. Expenditure driven grants are
recognized as revenue when the qualifying expenditures have been incurred and all other grant requirements have been
satisfied.
Under the terms of grant agreements, the County funds certain programs by a combination of specific cost-reimbursement
grants, categorical block grants, and general revenues. Thus when program expenses are incurred, there are both
restricted and unrestricted net assets available to finance the program. It is the County’s policy to first apply costreimbursement grant resources to such programs, followed by categorical block grants, and then by general revenues.
All governmental and business-type activities and enterprise funds of the County follow FASB Statements and
Interpretations issued on or before November 30,1989, Accounting Principles Board Opinions, and Accounting Research
Bulletins, unless those pronouncements conflict with GASB pronouncements.
D. Budgetary data
The County’s budgets are adopted as required by the North Carolina General Statutes. An annual budget is adopted for
the general, the special revenue (except for the grant funds), the enterprise and the internal service funds. All annual
appropriations lapse at fiscal year-end. Project ordinances are adopted for the grant funds and for the capital project
funds.
All budgets are prepared using the modified accrual basis of accounting. Expenditures may not legally exceed
appropriations at the departmental level for the general fund, at the functional level for special revenue, enterprise and
internal service funds, and at the object level for capital projects funds. The County Manager is authorized by the budget
ordinance to transfer appropriations between functional areas within departments of a fund; however, any amendments
that alter total expenditures of any fund must be approved by the governing board. Transfers of appropriations between
departments in a fund and from contingency must be approved by the governing board, or may be approved by the County
Manager in conformance with the following guidelines:
1. The County Manager finds that they are consistent with operational needs and any Board approved goals;
2. Inter-departmental transfers do not exceed $50,000 each;
3. Transfers from Contingency appropriations do not exceed $20,000 each, except this limit may be exceeded when
the County Manager determines an emergency exists;
4. All such transfers are reported to the Board of Commissioners no later than its next regular meeting following the
date of the transfer.
During the year several amendments to the original budget were necessary.
A budget calendar is included in the North Carolina General Statutes which prescribes the last day on which certain steps
of the budget procedure are to be performed. The following schedule lists the tasks to be performed and the date by which
each is required to be completed.
April 30 - Each department head will transmit to the budget officer the budget requests and revenue
estimates for their department for the budget year.
June 1 -
The budget and the budget message shall be submitted to the governing board. The public
hearing on the budget should be scheduled at this time.
July 1 -
The budget ordinance shall be adopted by the governing board.
As required by G.S. 159-26(d), the County maintains encumbrance accounts which are considered to be "budgetary
accounts." Encumbrances outstanding at year-end represent the estimated amounts of the expenditures ultimately to
result if unperformed contracts in process at year-end are completed. Encumbrances outstanding at year-end do not
constitute expenditures or liabilities. These encumbrances outstanding are reported as "reserved for encumbrances” in
the fund balance section of the balance sheet and will be charged against the subsequent year’s budget.
FI - 26
E. Assets, liabilities, and fund equity
1. Deposits and Investments
All deposits of the County, the Tourism Development Authority, and the Alamance County Transportation Authority
are made in board-designated official depositories and are secured as required by G.S. 159-31. The County and the
Authorities may designate, as an official depository, any bank or savings and loan association whose principal office is
located in North Carolina. Also, the County and the Authority may establish time deposit accounts such as NOW and
SuperNOW accounts, money market accounts, and certificates of deposit.
State law [G.S. 159-30] authorizes the County and the Authorities to invest in obligations of the United States or
obligations fully guaranteed as to principal and interest by the United States; obligations of the State of North
Carolina; bonds and notes of any North Carolina local government or public authority; obligations of certain
nonguaranteed federal agencies; certain high quality issues of commercial paper and bankers' acceptances; and the
North Carolina Capital Management Trust.
The County, Tourism and Transportation investments with a maturity of more than one year at acquisition and nonmoney market investments are carried at fair value as determined by quoted market prices. The securities of the
NCCMT Cash Portfolio, an SEC-registered (2a-7) money market mutual fund, are valued at fair value, which is the
NCCMT’s share price. The NCCMT Term Portfolio’s securities are valued at fair value. Money market investments
that have a remaining maturity at the time of purchase of one year or less are reported at amortized cost.
2. Cash and Cash Equivalents
The County pools monies from several funds to facilitate disbursement and investment and to maximize investment
income. Therefore, all cash and investments are essentially demand deposits and are considered cash and cash
equivalents.
3. Restricted Assets
The unexpended bond proceeds of the special obligation bonds are classified as restricted assets within the
enterprise fund because their use is completely restricted to the purpose for which the bonds were originally issued.
Customer deposits held by the County before any services are supplied are restricted to the service for which the
deposit was collected. Transportation has classified as restricted unexpended cash that is limited to specific uses.
4. Ad Valorem Taxes Receivable
In accordance with State law [G.S. 105-347 and G.S. 159-13(a)], the County levies ad valorem taxes on property
other than motor vehicles on July 1, beginning of the fiscal year. The taxes are due on September 1 (lien date);
however, penalties and interest do not accrue until the following January 6. These taxes are based on the assessed
values as of January 1, 2008. As allowed by State law, the County has established a schedule of discounts that apply
to taxes that are paid prior to the due date. In the County’s General Fund, ad valorem tax revenues are reported net
of such discounts.
5. Ambulance Service Accounts Receivable
Ambulance Service accounts receivable are not accrued as revenue because they are not considered to be both
measurable and available. The amount of the receivable is reduced by an allowance for doubtful accounts estimated
based upon past collection experience. An amount equal to the net receivable is shown as deferred revenue on the
liability side on the Combined Balance Sheet.
6. Allowances for Doubtful Accounts
All receivables that historically experience uncollectible accounts are shown net of an allowance for doubtful accounts.
This amount is estimated by analyzing the percentage of receivables that were written off in prior years.
7. Inventory
Inventory-type items of the County, Tourism, and Transportation are considered expenditures at the time they are
purchased.
8. Capital Assets
Purchased or constructed capital assets are reported at cost or estimated historical cost. Donated capital assets are
recorded at their estimated fair value at the date of donation. Minimum capitalization costs are as follows: furniture
FI - 27
and equipment, $2,500. The cost of normal maintenance and repairs that do not add to the value of the asset or
materially extend assets’ lives are not capitalized.
From time to time the County holds title to certain Burlington-Alamance Board of Education properties that are not
included in capital assets. The properties are deeded to the County to permit installment purchase financing of
acquisition and construction costs and to permit the County to receive refunds of sales tax paid for construction costs.
Agreements between the County and the Board of Education give the Board of Education full use of the facilities, full
responsibility for maintenance of the facilities, and provide that the County will convey title to the property back to the
Board of Education, once all restrictions of the financing agreements and all sales tax reimbursement requirements
are met. The properties are reflected as capital assets in the financial statements of the Burlington-Alamance Board
of Education.
Capital assets of the County are depreciated on a straight-line basis over the following estimated useful lives:
Years
Buildings
50
Improvements
25
Infrastructure
50
Furniture and equipment
10
Vehicles
10
Computer equipment
5
Tourism reports capital assets over $2500 in value and estimated useful life of two or more years at original cost, if
purchased outright, or appraised value at the time of donation, if donated. Capital assets are depreciated using the
straight-line method over their estimated useful lives. At June 30, 2008, the Authority had no capital assets.
Transportation reports purchased capital assets at cost. Vehicles are reported at their estimated fair value on the date
of transfer of title from NCDOT. NCDOT holds liens on these vehicles in the amount of 80% to 90% of their market
value. Depreciation on vehicles is recorded on a straight-line basis based upon the number of miles driven, using an
estimated useful life ranging from 125,000 to 130,000 miles per vehicle. Depreciation on equipment is recorded on a
straight-line basis over estimated useful lives.
9. Long-term Obligations
In the government-wide financial statements and in the proprietary fund types in the fund financial statements, longterm debt and other long-term obligations are reported as liabilities in the applicable governmental activities, businesstype activities, or proprietary fund type statement of assets.
In the fund financial statements for governmental fund types, the face amount of debt issued is reported as an other
financing source.
10. Compensated Absences
The vacation policy of the County provides for the accumulation and carry over of up to thirty days for all employees,
with such leave being fully vested when earned. Accumulated earned vacation pay at June 30, 2008, amounted to
$2,112,743 in total, of which $2,068,432 relates to the Governmental Funds and $44,311 relates to the Enterprise
Fund. For the County’s government-wide and proprietary funds, an expense and a liability for compensated absences
and the salary-related payments are recorded as the leave is earned.
The sick leave policy of the County provides for an unlimited accumulation of earned sick leave. Accumulated sick
leave at June 30, 2008, amounted to $6,898,956 in total, of which $6,898,956 relates to the Governmental Funds and
$0 relates to the Enterprise Fund. Sick leave does not vest but any unused sick leave accumulated at the time of
retirement may be used in the determination of length of service for retirement benefit purposes. Since the County
has no obligation for the accumulated sick leave until it is actually taken, no accrual for sick leave has been made.
Tourism contracts its operations out to the Alamance County Area Chamber of Commerce and has no employees;
therefore, Tourism reports no vacation or sick leave.
FI - 28
Vacation leave of Transportation is not cumulative and vacation leave not taken in the fiscal year it is awarded is
forfeited.
11. Net Assets/Fund Balances
Net Assets
Net assets in government-wide and proprietary fund financial statements are classified as invested in capital assets,
net of related debt; restricted; and unrestricted. Restricted net assets represent constraints on resources that are
either a) externally imposed by creditors, grantors, contributors, or laws or regulations of other governments or b)
imposed by law through state statute.
Fund Balances
In the governmental fund financial statements, reservations or restrictions of fund balance represent amounts that are
not appropriable or are legally segregated for a specific purpose. Designations of fund balance represent tentative
management plans that are subject to change.
State law [G.S. 159-13(b)(16)] restricts the appropriation of fund balance to an amount not to exceed the sum of cash
and investments minus the sum of liabilities, encumbrances and deferred revenues arising from cash receipts as
those amounts stand at the close of the fiscal year preceding the budget year.
The governmental fund types classify fund balances as follows:
Reserved
Reserved for encumbrances. Portion of fund balance available to pay for any commitments related to purchase
orders and contracts that remain unperformed at year-end.
Reserved by State statute. Portion of fund balance, in addition to reserves for encumbrances and reserves for
inventories, which is not available for appropriation under State law [G.S. 159-8(a)]. This amount is usually
comprised of accounts receivable and interfund receivables that are not offset by deferred revenues.
Unreserved
Designated for Special Revenue Funds. Special Revenue Fund balances, all of which are designated for special purposes. Designated for Capital Projects Funds. Capital Projects Fund balances, all of which are designated for specific capital projects. Designated for subsequent year’s expenditures. Portion of total fund balance available for appropriation that has been designated for the adopted 2008-2009 budget ordinance. Undesignated. Portion of total fund balance available for appropriation that is uncommitted at year-end. FI - 29
F. Reconciliation of government-wide and fund financial statements
1. Explanation of Certain Differences between the Governmental Fund Balance Sheet and the Government-wide
Statement of Net Assets.
The governmental fund balance sheet includes a reconciliation between fund balance-total governmental funds and
net assets—governmental activities as reported in the government-wide statement of net assets. The net adjustment
of ($20,830,825) consists of several elements as follows:
Description
Amount
Capital assets used in governmental activities are not financial resources and are
therefore not reported in the funds (total capital assets on government-wide statement in
governmental activities column)
$
Less accumulated depreciation
75,460,994
(19,855,275)
Net capital assets
55,605,719
Deferred charges related to bonds issued-included on government-wide statement of net
assets but are not current financial resources
294,861
Accrued interest receivable less the amount claimed as unearned revenue in the
government-wide statements as these funds are not available and therefore deferred in
the fund statements
433,867
Internal service funds are used by management to charge the costs of certain activities,
such as employee insurance and workers compensation insurance, to individual funds.
The assets and liabilities of the internal service funds are included in governmental
activities in the statement of assets.
6,974,741
Liabilities for revenue deferred but earned and therefore reported in the fund statements
but not the government-wide
4,200,493
Liabilities that, because they are not due and payable in the current period, do not
require current resources to pay and are therefore not reported in the fund statements:
Bonds, leases, and installment financing
(84,497,612)
Premium on bonds issued
(167,405)
Compensated absences
(2,068,432)
LEO separation allowance
(558,777)
Accrued interest payable
(1,048,283)
Total adjustment
$
FI - 30
(20,830,825)
2. Explanation of Certain Differences Between the Governmental Fund Statement of Revenues, Expenditures, and
Changes in Fund Balance and the Government-wide Statement of Activities.
The governmental fund statement of revenues, expenditures, and changes in fund balances includes a reconciliation
between net changes in fund balances – total governmental funds and changes in net assets of governmental
activities as reported in the government-wide statement of activities. There are several elements of that total
adjustment of $9,741,415 as follows:
Description
Capital outlay expenditures recorded in the fund statements;
Capitalized as assets in the statement of activities
Basis of disposed capital assets not recorded in fund statements
Depreciation expense, the allocation of those assets over their useful lives, that is
recorded on the statement of activities but not in the fund statements
New debt issued during the year is recorded as a source of funds on the fund
statements; it has no effect on the statement of activities – it affects only the
government-wide statement of net assets
Principal payments on debt owed are recorded as a use of funds on the fund
statements but again affect only the statement of net assets in the governmentwide statements
Expenses reported on fund statements that are capitalized on government-wide
statements-bond issuance
Expenses reported in the statement of activities that do not require the use of
current resources to pay are not recorded as expenditures in the fund statements.
Difference in interest expense between fund statements (modified accrual) and
government-wide statements (full accrual)
Amortization of bond costs not recorded on fund statements
Amortization of bond premium not recorded on fund statements
Compensated absences are accrued in the government-wide statements but not
in the fund statements because they do not use current resources
Revenues reported in the statement of activities that do not provide current
resources are not recorded as revenues in the fund statements.
Increases in deferred tax revenue for year
Expensed in fund statements but deferred on government-wide statements
Decrease in accrued interest on taxes receivable
Accrued revenues not available to pay for current period expenditures
Net revenue (loss) of internal service funds determined to be governmental type
Current year collections of special assessments recorded as revenue in the fund
statements this year but in the government-wide statements in the year they were
assessed.
Total adjustment
Amount
$
3,223,067
(463,654)
(1,905,509)
-
5,838,999
-
61,313
(55,625)
43,345
(165,351)
(17,944)
93,315
134,920
25,002
287,767
2,641,770
$
9,741,415
II. Stewardship, Compliance, and Accountability
A. Deficit Fund Balance or Net Assets of Individual Funds
On the Statement of Net Assets, the unrestricted (deficit) for governmental activities is composed of the following:
For School Debt
$
All other
(73,410,000)
34,853,354
Total unrestricted net assets
$
(38,556,646)
On the Nonmajor Governmental Funds Exhibit C-2 the deficit fund balance of $13,968 for the Grant Fund is due to the
timing of the expenditure reimbursements. The reimbursement payment was not received in time to be considered an
available resource.
FI - 31
Under North Carolina law, the County is responsible for providing capital funding for the Alamance-Burlington Board of
Education (the “School System”). The County has chosen to meet its legal obligation to provide school capital funding by
using a mixture of County funds and general obligation debt. The assets funded by the County are owned, utilized and
maintained by the school system. Since the County, as the issuing government, acquires no capital assets, the County
has incurred a liability without a corresponding increase in assets. At the end of the fiscal year, the outstanding balance of
the school-related debt was $73,410,000. However, the entire amount of school debt outstanding is general obligation
debt, which is collateralized by the full faith, credit, and taxing power of the County. The County is authorized and required
by State law to levy ad valorem taxes, without limit as to rate or amount, as may be necessary to pay the debt service on
its general obligation bonds. Principal and interest requirements will be provided by an appropriation in the year in which
they become due.
B. Excess of Expenditures over Appropriations
For the fiscal year ended June 30, 2008, line item expenditures in excess of appropriations occurred in the area of
Economic and Physical Development. This expenditure occurred due to the County’s receipt of monies for occupancy
taxes near year end that were submitted to the Tourism Development Authority subsequent to year end. Management will
more closely review year end receipts for pass-through monies payable.
III. Detail Notes on All Funds
A. Assets
1. Deposits
All of the County's, Tourism’s, and Transportation’s deposits are either insured or collateralized by using one of two
methods. Under the Dedicated Method, all deposits exceeding the federal depository insurance coverage level are
collateralized with securities held by the County's and the Authorities’ agents in these units’ names. Under the
Pooling Method, which is a collateral pool, all uninsured deposits are collateralized with securities held by the State
Treasurer's agent in the name of the State Treasurer. Since the State Treasurer is acting in a fiduciary capacity for
the County and the Authorities, these deposits are considered to be held by their agents in the entities’ names. The
amount of the pledged collateral is based on an approved averaging method for non-interest bearing deposits and the
actual current balance for interest bearing deposits. Depositories using the Pooling Method report to the State
Treasurer the adequacy of their pooled collateral covering uninsured deposits. The State Treasurer does not confirm
this information with the County or the Authorities or with the escrow agent. Because of the inability to measure the
exact amount of collateral pledged for the County and the Authorities under The Pooling Method, the potential exists
for undercollateralization, and this risk may increase in periods of high cash flows. However, the State Treasurer of
North Carolina enforces strict standards of financial stability for each depository that collateralizes public deposits
under the Pooling Method.
The State Treasurer enforces standards of minimum capitalization for all pooling method financial institutions. The
County, the Tourism Development Authority, and the Alamance County Transportation Authority rely on the State
Treasurer to monitor those financial institutions. The County analyzes the financial soundness of any other financial
institution used by the County. The County complies with the provisions of G.S. 159-31 when designating official
depositories and verifying that deposits are properly secured.
At June 30, 2008, the County's deposits had a carrying amount of $25,190,247 and a bank balance of $28,013,025.
Of the bank balance, $500,000 was covered by federal depository insurance, and $27,513,025 in deposits was
covered by collateral held under the Pooling Method.
At June 30, 2008, the County had $4,172 cash on hand. At June 30, 2008, Tourism’s deposits had a carrying amount of $313,620 and a bank balance of $313,620. Of the bank balance, $100,000 was covered by federal depository insurance and $213,620 in deposits was covered by collateral held under the Pooling Method. At June 30, 2008, Transportation’s deposits had a carrying amount of $23,081 and a bank balance of $22,266. All of the bank balance was covered by federal depository insurance.
FI - 32
2. Investments
As of June 30, 2008, the County had the following investments and maturities.
Investment Type
U.S. Government Agencies
Commercial Paper
$
3,013,130
$
-
20,065,296
NC Capital Management
Trust-Term Portfolio*
1,864,153
$25,941,244
6-12 Months
$
998,665
NC Capital Management
Trust-Cash Portfolio
Total:
Less Than
6 Months
Fair Value
998,665
N/A
$
998,665
-
$
3,013,130
$
-
-
-
-
N/A
N/A
-
-
-
1,864,153
$
No Maturity
Date
1 – 3 Years
1,864,153
$
3,013,130
$
-
*The NC Capital Management Trust Term Portfolio has a duration of 0.9 years.
Interest Rate Risk. The County had no policy in place to limit its exposure to fair value losses arising form rising
interest rates. The County’s investment policy requires purchases of securities to be laddered with staggered maturity
dates and limits all securities to a final maturity of not more than three years.
Credit Risk. The County limits investments to the provisions of G.S. 159-30 and restricts the purchase of securities to
the highest possible ratings whenever particular types of securities are rated. State law limits investments in
commercial paper to the top rating issued by nationally recognized statistical rating organizations (NRSROs);
however, the County had no formal policy on managing credit risk. As of June 30, 2008, the County’s investments in
commercial paper were rated P1 by Standard & Poor’s and A1 by Moody’s Investors Service. The County’s
investments in the NC Capital Management Trust Cash Portfolio carried a credit rating of AAAm by Standard & Poor’s
as of June 30, 2008. The County’s investment in the NC Capital Management Trust Term Portfolio is unrated. The
Term Portfolio is authorized to invest in obligations of the US government and agencies, and in high grade money
market instruments as permitted under North Carolina General Statutes 159-30 as amended. The County’s
investments in US Agencies (Federal Home Loan Bank) are rated AAA by Standard & Poor’s and Aaa by Moody’s
Investors Service.
Custodial Credit Risk. For an investment, custodial credit risk is the risk that in the event of the failure of the
counterparty, the County will not be able to recover the value of its investments or collateral securities that are in the
possession of an outside party. The County had no investments in repurchase agreements. The County’s policy on
custodial credit risk provides that the seller of repo’s transfer the underlying securities to the unit’s custodian who shall
place them in an account in the name of the County.
Concentration of Credit Risk. The County places no limit on the amount that the County may invest in any one issuer.
More than 5 percent of the County’s investments are in CIT Group Inc,’s commercial paper and the Federal Home
Loan Bank securities. These investments are 3.6% and 45.0% respectively of the County’s total investments.
At June 30, 2008, Tourism’s investments consisted of $73,000 in the North Carolina Capital Management Trust’s
Cash Portfolio, which carried a credit rating of AAAm by Standard and Poor’s. Tourism has no policy on credit risk.
At June 30, 2008, Transportation had no investments.
FI - 33
3. Property Tax-Use-Value Assessment on Certain Lands
In accordance with the general statutes, agriculture, horticulture and forest land may be taxed by the County at
present-use value as opposed to market value. When the property loses its eligibility for use-value taxation, the
property tax is recomputed at market value for the current year and the three preceding fiscal years along with
accrued interest from the original due date. This tax is immediately due and payable. The following are property
taxes that could become due if present use-value eligibility is lost. These amounts have not been recorded in the
financial statements.
Year Levied
Tax
Interest
Total
2005
1,354,827
321,772
1,676,599
2006
1,494,295
220,409
1,714,704
2007
1,527,501
87,831
1,615,332
2008
1,540,784
-
1,540,784
630,012
$6,547,419
Total
$
5,917,407
$
4. Receivables
Receivables at the government-wide level at June 30, 2008, were as follows:
Accounts
Taxes and
Related
Accrued
Interest
Special
Assessments
Due from
Other
Governments
Other
Total
$ 5,673,950
$ 3,560,784
$
-
$ 11,264,267
$ 45,257
$ 20,544,258
79,894
5,753,844
168,063
3,728,847
-
63,264
11,327,531
59,170
104,427
370,391
20,914,649
-
-
(4,646,741)
Governmental Activities:
General
Other Governmental
Total Receivables
Allowance for doubtful
accounts
Total-governmental
activities
(3,338,341)
(1,308,400)
$ 2,415,503
$ 2,420,447
$
-
$ 11,327,531
$ 104,427
$ 16,267,908
Amounts not scheduled
for collection during the
subsequent year
$
-
$
-
$
-
$
$
$
$
238,069
$
-
$
-
$
-
-
-
-
Business-type Activities:
Landfill
Allowance for doubtful
accounts
Total-business-type
activities
(1,000)
$
237,069
$
-
$
FI - 34
-
53,623
$
53,623
$ 27,089
$
(1,000)
$ 27,089
318,781
$
317,781
The due from other governments that is owed to the County consists of the following:
Airport Authority
Other governments
Total
White goods disposal tax
Scrap tire Tax
Total
$
$
$
$
4,624,770
1,500,000
5,227,761
11,352,531
12,090
41,533
53,623
The amount that is owed to Tourism consists of the following:
Occupancy tax
$
74,005
The due from other governments that is owed to Transportation consists of the following:
Department of Social Services
$
6,880
Total
$
6,880
FI - 35
5. Capital Assets
Capital asset activity for the year ended June 30, 2008, was as follows:
Beginning
Balances
Increases
Ending
Balances
Decreases
Capital assets not being depreciated:
Land
Library books
Library audio-visual materials
Total capital assets not being
depreciated
$
2,486,716
819,209
3,266,161
257,435
$
76,526
1,180,170
289,546
76,122
$
(1,950)
(255,908)
(38,891)
$
2,561,292
1,999,379
3,299,799
294,666
6,829,521
1,622,364
(296,749)
8,155,136
Capital assets being depreciated:
Buildings
Other improvements
Equipment
Vehicles and motor equipment
Infrastructure
52,068,593
873,724
7,112,723
5,956,292
158,650
104,846
620,217
808,851
-
(398,040)
-
52,068,593
978,570
7,732,940
6,367,103
158,650
Total capital assets being
depreciated
66,169,982
1,533,914
(398,040)
67,305,856
(11,550,728)
(386,842)
(3,783,092)
(2,430,650)
(29,591)
(18,180,903)
(925,867)
(19,751)
(481,534)
(475,499)
(2,856)
(1,905,507)
231,135
231,135
(12,476,595)
(406,593)
(4,264,626)
(2,675,014)
(32,447)
(19,855,275)
47,989,079
(371,593)
(166,905)
47,450,581
Less accumulated depreciation for:
Buildings
Other improvements
Equipment
Infrastructure
Total accumulated depreciation
depreciated, net
Governmental activity capital assets, net
$
54,818,600
$
1,317,559
$
(463,654)
Primary Government
Depreciation expense was charged to functions/programs of the primary government as follows:
General government
$
307,616
Public safety
1,070,887
14,052
Human services
472,664
40,288
Total depreciation expense
$
1,905,507
FI - 36
$
55,605,717
Beginning
Balances
Increases
Ending
Balances
Decreases
Business-type activities:
Landfill
Capital assets not being depreciated:
Land
Construction in Progress
Total capital assets not being
depreciated
$
Landfill construction
Buildings
Other improvements
Fixtures and equipment
depreciated
Landfill construction
Buildings
Other improvements
Fixtures and equipment
depreciated, net
Landfill capital assets, net
Business-type activities capital assets, net
$
2,169,687
4,217,180
$
-
$
-
$
2,169,687
4,217,180
6,386,867
-
-
6,386,867
9,171,458
221,818
724,964
265,143
1,683,663
93,066
13,961
63,553
574,001
-
9,171,458
314,884
738,925
328,696
2,257,664
12,067,046
744,581
-
12,811,627
(4,675,452)
(46,911)
(656,987)
(170,646)
(169,261)
(5,719,257)
(168,264)
(6,532)
(16,486)
(13,117)
(173,583)
(377,982)
-
(4,843,716)
(53,443)
(673,473)
(183,763)
(342,844)
(6,097,239)
6,347,789
366,599
12,734,656
366,599
-
13,101,255
12,734,656
$
366,599
$
-
6,714,388
$
13,101,255 Construction commitments
The County has active construction projects as of June 30, 2008. The projects include an emergency management
services project, school construction, and community college improvements. At June 30, 2008, the County’s
commitments with contractors are as follows:
Project
School construction
Spent-to-date
$
Community college improvements
Total construction commitments
31,203,723
Remaining Commitments
$
6,239,539
$
37,443,262
FI - 37
5,721,135
1,260,461
$
6,981,596
Discretely presented component units
Activity for Transportation for the year ended June 30, 2008, was as follows:
Beginning
Balances
Equipment
Vehicles
depreciated
$
Equipment
Vehicles
Transportation capital assets, net
$
Increases
101,278
1,098,904
$
3,780
292,440
Ending
Balances
Decreases
$
2,593
20,067
$
102,465
1,371,277
1,200,182
296,220
22,660
1,473,742
(63,722)
(868,434)
(932,156)
(20,108)
(116,674)
(136,782)
1,859
5,718
7,577
81,971
979,390
1,061,361
268,026
$
159,438
$
15,083
$
412,381
Transportation has no construction commitments.
Tourism had no capital assets and no construction commitments for the year ended June 30, 2008.
B. Liabilities
1. Payables
Payables at the government-wide level at June 30, 2008, were as follows:
Vendors
Salaries and
Benefits
Accrued
Interest
Other
Total
General
$ 2,023,811
Other Governmental
Total governmental
activities
$
-
79,810
$ 1,048,283
820,407
$ 3,972,311
1,834,480
1,834,480
$ 1,048,283
$ 2,654,887
$ 5,806,791
$
$
$
-
$ 2,023,811
$
$
$
79,810
$
-
Landfill
95,693
-
-
-
95,693
2. Pension Plan Obligations
a. Local Government Employees’ Retirement System
Plan Description:
Alamance County contributes to the statewide Local Governmental Employees’ Retirement System (LGERS); a cost-sharing multiple-employer defined benefit pension plan administered by the State of North Carolina. LGERS provides retirement and disability benefits to plan members and beneficiaries. Article 3 of G.S. Chapter 18 assigns the authority to establish and amend benefit provisions to the North Carolina General Assembly. The Local Governmental Employees’ Retirement System is included in the Comprehensive Annual Financial Report (CAFR) for the State of North Carolina. The State’s CAFR includes financial statements and required supplementary information for LGERS. That report may be obtained by writing to: Office of the State Controller 1410 Mail Service Center Raleigh, North Carolina 27699-1410 or by calling (919) 981-5454.
FI - 38 Notes to the Financial Statements - Alamance County, North Carolina
Funding Policy:
Plan members are required to contribute six percent of their annual covered salary. The County is required to
contribute at an actuarially determined rate. For the County, the current rate for employees not engaged in law
enforcement and for law enforcement officers is 4.90% and 4.86%, respectively, of annual covered payroll. The
contribution requirements of members and of Alamance County are established and may be amended by the
North Carolina General Assembly. The County’s contributions to LGERS for the years ended June 30, 2008,
2007, and 2006 were $1,585,312, $1,569,143, and $1,342,809, respectively. The contributions made by the
County equaled the required contributions for each year.
Tourism has no employees and, therefore, has no pension plan.
Transportation has no pension plan.
b. Law Enforcement Officers’ Special Separation Allowance
Plan Description:
Alamance County administers a public employee retirement system (the “Separation Allowance”); a singleemployer defined benefit pension plan that provides retirement benefits to the County’s qualified sworn law
enforcement officers. The Separation Allowance is equal to .85 percent of the annual equivalent of the base rate
of compensation most recently applicable to the officer for each year of creditable service. The retirement
benefits are not subject to any increases in salary or retirement allowances that may be authorized by the
General Assembly. Article 12D of G.S. Chapter 143 assigns the authority to establish and amend benefit
provisions to the North Carolina General Assembly.
All full-time law enforcement officers of the County are covered by the Separation Allowance. At December 31,
2007, the Separation Allowance’s membership consisted of:
Retirees receiving benefits ..................................................................................................................... 11 Terminated plan members entitled to but not yet receiving benefits ......................................................... 0 Active plan members ............................................................................................................................ 120
Total...................................................................................................................................................................... 131 This plan does not issue a separate stand-alone financial report.
Summary of Significant Account Policies:
Basis of Accounting. The County has chosen to fund the Separation Allowance on a pay as you go basis.
Pension expenditures are made from the General Fund, which is maintained on the modified accrual basis of
accounting.
Method Used to Value Investments. No funds are set aside to pay benefits and administration costs. These
expenditures are paid as they come due.
Contributions:
The County is required by Article 12D of G.S. Chapter 143 to provide these retirement benefits and has chosen to
fund the benefit payments on a pay as you go basis through appropriations made in the General Fund operating
budget. The County’s obligation to contribute to this plan is established and may be amended by the North
Carolina General Assembly. There were no contributions made by employees.
The annual required contribution for the current year was determined as part of the December 31, 2007 actuarial
valuation using the projected unit credit actuarial cost method. The actuarial assumptions included (a) 7.25%
investment rate of return (net of administrative expenses) and (b) projected salary increases of 4.5% to 12.3% per
year. Both (a) and (b) included an inflation component of 3.75%. The assumptions did not include postretirement
benefit increases.
FI - 39
Annual Pension Cost and Net Pension Obligation: The County’s annual pension cost and net pension obligation to the Separation Allowance for the current year were as follows:
Annual required contribution ...................................................................................... $ 130,767
Interest on net pension obligation ...............................................................................
39,060
Adjustment to annual required contribution .................................................................
(33,106)
Annual pension cost ....................................................................................................
136,721
Contributions made .....................................................................................................
116,704
Increase (decrease) in net pension obligation .............................................................
20,017
Net pension obligation beginning of year ....................................................................
538,760
Net pension obligation end of year .............................................................................. $ 558,777
Trend Information:
Annual Pension Cost
(APC)
$ 118,402
Percentage of APC
Contributed
71.64%
6/30/2005
115,339
71.84%
481,495
6/30/2006
127,114
71.71%
517,462
6/30/2007
123,971
81.15%
540,833
6/30/2008
136,721
85.36%
558,777
Fiscal Year Ended
6/30/2004
Net Pension Obligation
$ 449,014 Funded Status and Funding Progress:
As of December 31, 2007, the most recent actuarial valuation date, the plan was not funded. The actuarial
accrued liability for benefits and the unfunded actuarial accrued liability (UAAL) was $1,287,151. The covered
payroll (annual payroll of active employees covered by the plan) was $4,575,350 and the ratio of the UAAL to the
covered payroll was 28.13%.
The schedule of funding progress, presented as required supplementary information following the notes to the
financial statements, presents multiyear trend information about whether the actuarial value of plan assets are
increasing or decreasing over time relative to the actuarial liability for benefits.
c. Supplemental Retirement Income Plan for Law Enforcement Officers
Plan Description:
The County contributes to the Supplemental Retirement Income Plan (Plan), a defined contribution pension plan
administered by the Department of State Treasurer and a Board of Trustees. The Plan provides retirement
benefits to law enforcement officers employed by the County. Article 5 of G.S. Chapter 135 assigns the authority
to establish and amend benefit provisions to the North Carolina General Assembly.
Funding Policy:
Article 12E of G.S. Chapter 143 requires the County to contribute each month an amount equal to five percent of
each officer’s salary, and all amounts contributed are vested immediately. Also, the law enforcement officers
may make voluntary contributions to the plan. Contributions for the year ended June 30, 2008 were $302,201,
which consisted of $230,298 from the County and $71,903 from the law enforcement officers.
FI - 40
d. Registers of Deeds’ Supplemental Pension Fund
Plan Description:
Alamance County also contributes to the Registers of Deeds’ Supplemental Pension Fund (Fund), a
noncontributory, defined contribution plan administered by the North Carolina Department of State Treasurer.
The Fund provides supplemental pension benefits to any county register of deeds who is retired under the Local
Government Employees’ Retirement System (LGERS) or an equivalent locally sponsored plan. Article 3 of G.S.
Chapter 161 assigns the authority to establish and amend benefit provisions to the North Carolina General
Assembly.
Funding Policy:
On a monthly basis, the County remits to the Department of State Treasurer an amount equal to one and one-half
percent (1.5%) of the monthly receipts collected pursuant to Article 1 of G.S.161. Immediately following January
1 of each year, the Department of State Treasurer divides ninety-three percent (93%) of the amount in the Fund
at the end of the preceding calendar year into equal shares to be disbursed as monthly benefits. The remaining
seven percent (7%) of the Fund’s assets may be used by the State Treasurer in administering the Fund. For the
fiscal year ended June 30, 2008, the County’s required and actual contributions were $12,922.
e. Deferred Compensation Plan
The County offers its employees two deferred compensation plans created in accordance with Internal Revenue
Code Section 457. The plans are administered by Lincoln National Life Insurance Company and by Public
Employees Benefit Services Corporation. The plans, available to all county employees, permit them to defer a
portion of their salary until future years. The deferred compensation is not available until an employee is
terminated, retires, dies, or experiences an unforeseeable emergency.
The County has complied with changes in the laws which govern the County’s deferred compensation plans,
requiring all assets of the plans to be held in trust for the exclusive benefit of the participants and their
beneficiaries. Formerly, the undistributed amounts that had been deferred by the plan participants were required
to be reported as assets of the County. Effective for the fiscal year ended June 30, 1999, and in accordance with
GASB Statement 32, “Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred
Compensation Plans,” this deferred compensation plan is no longer reported within the County’s agency fund.
f. Other Post-employment Benefits-Alamance County
In addition to providing pension benefits, the County has elected to provide postretirement health benefits to
retirees of the County who participate in the Local Governmental Employees' Retirement System (System) and
have at least five years of creditable service with the County. The County pays the full cost of coverage for these
benefits. Also, retirees can purchase coverage for their dependents at the County's group rates. Currently, 255
retirees are eligible for postretirement health benefits. For the fiscal year ended June 30, 2008, the County made
payments for postretirement health benefit premiums of $1,510,500. The County obtains health care coverage
through private insurers.
g. Death Benefits
The County has elected to provide death benefits to employees through the Death Trust Plan for members of the
Local Governmental Employees' Retirement System (Death Trust Plan), a multiple-employer State-administered
cost-sharing plan funded on a one year-term cost basis. The beneficiaries of those employees who die in active
service after one year of contributing membership in the System, or who die within 180 days after retirement or
termination of service and have at least one year of contributing membership service in the System at the time of
death are eligible for death benefits. Lump sum death benefit payments to beneficiaries are equal to the
employee's 12 highest month’s salary in a row during the 24 months prior to the employee’s death, but the benefit
will be a minimum of $25,000 and will not exceed $50,000. All death benefit payments are made from the Death
Trust Plan. The County has no liability beyond the payment of monthly contributions. Contributions are
determined as a percentage of monthly payroll, based upon rates established annually by the State. Separate
rates are set for employees not engaged in law enforcement and for law enforcement officers. Because the
benefit payments are made by the Death Trust Plan and not by the County, the County does not determine the
number of eligible participants. For the fiscal year ended June 30, 2008, the County made contributions to the
State for death benefits of $34,218. The County's required contributions for employees not engaged in law
FI - 41
enforcement and law enforcement officers represented .10 and .14 percent of covered payroll, respectively. The
contributions to the Death Trust Plan cannot be separated between the post-employment benefit amount and the
other benefit amount.
3. Closure and Postclosure Care Costs-Austin Quarter Landfill Facility and Swepsonville Landfill Facility
State and Federal laws and regulations require the County to place a final cover on its Austin Quarter Landfill Facility
when it stops accepting waste and to perform certain maintenance and monitoring functions at the site for thirty years
after closure. Although closure and postclosure care costs will be paid only near or after the date that the landfill
stops accepting waste, the County reports a portion of these closure and postclosure care costs as an operating
expense in each period based on landfill capacity used as of each balance sheet date.
The $5,232,623 reported for the Austin Quarter MSW Landfill Facility as landfill closure and postclosure care liability
at June 30, 2008 represents a cumulative amount reported to-date based on the use of 55.68 percent of the total
estimated capacity of the landfill. The County will recognize the remaining estimated cost of closure and postclosure
care of $4.2 million as the remaining estimated capacity is filled.
The $1,531,542 reported for the Austin Quarter C&D Landfill Facility as landfill closure and postclosure care liability at
June 30, 2008 represents a cumulative amount reported to-date based on the use of 88.41 percent of the total
estimated capacity of the landfill. The County will recognize the remaining estimated cost of closure and postclosure
care of $.2 million as the remaining estimated capacity is filled.
These amounts are based on estimates of what it would cost to perform all closure and postclosure care in 2008. The
County expects to close the Austin Quarter MSW facility in the year 2037 and the Austin Quarter C&D facility in the
year 2011. Actual costs may be higher due to inflation, changes in technology, or changes in regulations.
The County closed its Swepsonville Landfill Facility on October 4, 1993. As of June 30, 2008, the estimated closure
and postclosure care liability for this facility amounted to $580,763. Actual cost may be higher due to inflation,
changes in technology, or changes in regulations.
The total landfill closure and postclosure care liability for the County’s landfills as of June 30, 2008, amounted to
$7,344,928.
The County has met the requirements of a local government financial test that is one option under State and federal
laws and regulations that helps determine if a unit is financially able to meet closure and postclosure care
requirements. However, the County has also elected to establish a reserve fund to accumulate resources for the
payment of closure and postclosure care costs. The balance in the reserve fund at June 30, 2008 amounted to
$3,632,531 and these funds are held in investments with a cost of $3,632,531 (market value, $3,632,531) at year-end.
The County expects that future inflation costs will be paid from the interest earnings on annual contributions to the
fund. However, if interest earnings are inadequate or additional postclosure care requirements are determined (due to
changes in technology or applicable laws or regulations, for example), these costs may need to be covered by
charges to future landfill users or by future tax revenues.
4. Deferred/Unearned Revenues
The balance in deferred or unearned revenue on the fund statements and unearned revenues on the governmentwide statements at year-end is composed of the following elements:
Deferred Revenue
Prepaid taxes not yet earned (General)
$
Taxes receivable, net (General)
2,252,549
Ambulance receivable, net
1,619,453
Inspections receivable, net
16,531
Register of Deeds – auto enhancement
190,837
143,894
Special federal, state, and local accounts
Total
$
$
FI - 42
4,032,427
Full Accrual Unearned
Revenue
210,181
177,387
$
578,405
5. Risk Management
The County is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors
and omissions; injuries to employees; and natural disasters.
The County has established the Worker’s Compensation Fund (an internal service fund) to account for and finance its
risk of loss related to employee injuries while conducting County business. Under this program, the Worker’s
Compensation Fund provides coverage for up to a maximum of $600,000 for each claim for Sheriff and EMS
department. For all other departments, maximum coverage is $550,000. The County purchases commercial
insurance for losses in excess of coverage provided by the fund. Settled claims have not exceeded this commercial
coverage during the past year since the fund’s inception.
All funds participate in the program and make payments to the Worker’s Compensation Fund based on estimates of
the amounts needed to pay prior- and current-year claims and to maintain adequate reserves for catastrophe losses.
The reserves amount to $925,706 at June 30, 2008, and are reported as fund equity on the balance sheet. A claims
liability is reported in the Fund when it is probable that a loss has occurred and the amount of the loss can be
reasonably estimated.
In accordance with G.S. 159-29, the Finance Officer is bonded for $100,000.
The County continues to carry commercial insurance for other risks of loss, including general liability insurance,
property insurance, professional liability, and vehicle liability insurance. The County carries vehicle collision insurance
on all vehicles. The County currently reports all of its risk management activities in its General Fund except for health
and accident claims reported in the Employee Insurance Fund and Worker’s Compensation Fund. There have been
no significant reductions in insurance coverage from the previous year and settled claims have not exceeded
coverage or the designated portions of fund balance in any of the past three fiscal years.
The County has not been designated as being in a flood zone and thus carries no commercial flood insurance.
The County has established an Employee Insurance Fund (an internal service fund) to account for and finance its risk
of loss related to employee health and accident claims. Under this program, the Employee Insurance Fund provides
coverage for up to a maximum of $125,000 for each claim. The County purchases commercial insurance coverage
for claims in excess of coverage provided by the Fund and there have been no significant reductions in this coverage
from last year. Settled claims have not exceeded this commercial coverage in any of the past three fiscal years.
All funds participate in the program and make payments to the Employee Insurance Fund based on estimates of the
amounts needed to pay prior and current-year claims and to maintain adequate reserves for catastrophe losses. The
reserves amount to $6,049,035 at June 30, 2008 and are reported as fund equity on the balance sheet. A claims
liability is reported in the Fund when it is probable that a loss has occurred and the amount of the loss can be
reasonably estimated. The claims liability of $320,509 reported in the Fund at June 30, 2008 includes an amount for
claims that have been incurred but not reported (IBNR). Claim liabilities are calculated considering the effects of
inflation, recent claim settlement trends including frequency and amount of payouts and other economic and social
factors. Changes in the Fund’s claims liability amount for the past ten fiscal years were:
FI - 43
Claims Liability
Beginning of Year
$
587,718
Current Year Claims
(including IBNR’s)
$
3,304,390
Claims Payment
$
(3,819,663)
Claims Liability
End of Year
$
72,445
2000
72,445
4,199,372
(4,005,966)
265,851
2001
265,851
5,233,668
(5,110,995)
388,564
2002
388,564
4,739,802
(4,768,414)
359,952
2003
359,952
4,867,699
(4,865,260)
362,391
2004
362,391
6,016,198
(5,922,144)
456,445
2005
456,445
6,834,814
(6,807,356)
483,903
2006
483,903
6,883,601
(6,776,659)
590,845
2007
590,845
5,523,707
(5,829,075)
285,477
2008
285,477
6,652,226
(6,617,194)
320,509
Year Ended June 30
1999
At June 30, 2008, certain General Fund investments were held for purposes of funding the County’s future claims
liabilities. As a result, fund balance in the General Fund has been designated in the amount $553,205 for payment of
future professional liability claims and $25,000 for payment of future vehicle collision claims.
Tourism is also exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors
and omissions; and natural disasters. Tourism does not carry commercial insurance to cover these risks of loss. All
risk management activities are reported in Tourism’s General Fund. Claims expenditures and liabilities are reported
when it is probable that a loss has occurred and the amount of that loss can be reasonably estimated. Based on
available information, Tourism had no liability claims at June 30, 2008. Cash and investments of $386,620 held on
June 30, 2008 were available for purposes of funding Tourism’s future claims liabilities.
Transportation is also exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets;
errors and omissions; and natural disasters. Transportation does carry commercial insurance to cover these risks of
loss. All risk management activities are reported in Transportation’s proprietary Fund. Claims expenditures and
liabilities are reported when it is probable that a loss has occurred and the amount of that loss can be reasonably
estimated. Based on available information, Transportation had no liability claims at June 30, 2008. Transportation
held cash in the amount of $19,945 held on June 30, 2008 which was available for funding future claims liabilities.
6. Contingent Liabilities
At June 30, 2008, the County was a defendant to various lawsuits. In the opinion of County management and the
County Attorney, the ultimate outcome of these legal matters will not have a material adverse effect on the County’s
financial position.
7. Long-Term Obligations
a. Installment Loans
The County has obtained various installment loans to finance construction, renovations and equipment purchases
as follows:
Purpose
Date Loan Executed
Loan Balance
June 30, 2008
Interest Rate
Renovations
March 8, 1996
4.53%
Equipment
July 22, 2004
3.48%
131,144
Jail Expansion
August 20, 2004
4.28%
7,931,035
Vehicles
September 7, 2004
3.04%
-
Software
April 21, 2005
5.288%
183,725
Total
$
$
FI - 44
2,751,399
10,997,303
Annual debt service requirements to maturity for the County’s installment loans are as follows:
Year Ending June 30
2009
2010
2011
2012
2013
2014-2018
2019-2021
$
Totals
$
Principal
1,252,529
1,040,001
1,009,543
1,024,198
1,039,524
Interest
$
4,597,026
1,034,482
10,997,303
461,875
411,290
366,985
322,813
277,970
720,008
44,276
$
2,605,217
b. General Obligation Indebtedness
All general obligation bonds serviced by the County’s general fund are collateralized by the full faith, credit, and taxing power of the County. Principal and interest requirements are appropriated when due. The County’s general obligation bonds payable at June 30, 2008 are comprised of the following individual issues: FI - 45
Serviced by the General Fund
December 1, 1998 issue, Refunding Bonds; due in annual installments of $715,000 on May 1,
2009: $700,000 on May 1, 2010; $690,000 on May 1, 2011; and $475,000 on May 1, 2012;
interest at 4.0% on installment due 2009; and 4.1% on installments due 2010 through 2012
February 1, 1999 issue, School Bonds; due in annual installments of $1,000,000 on May 1, 2009
through 2014; $2,150,000 on May 1, 2015; $2,800,000 on May 1, 2016 and 2017; and
$2,250,000 on May 1, 2018; interest at 4.30% on installment due 2009; 4.40% on installment
due 2010; and 4.50% on installments due 2011 through 2018
September 1, 2003 issue, Refunding Series 2003; due in annual installments of $1,085,000 on
March 1, 2009; $1,060,000 on March 1, 2010; $1,050,000 on March 1, 2011; $1,230,000 on
March 1, 2012, $1,715,000 on March 1, 2013; $1,685,000 on March 1, 2014; and $1,125,000 on
March 1, 2015; interest at 3.0% on installments due 2009; 4.5% on installments due 2010; 3.5%
on installments due 2011; 4.0% on installments due 2012 through 2013; 5.0% on installments
due 2014; and 4.0% on installments due 2015
September 1, 2003 issue, Community College; due in annual installments of $200,000 on March
1, 2009 through 2017; $700,000 on March 1, 2018 and 2019; and $550,000 on March 1, 2020;
interest at 5.0% on installments due 2009 and 2010; 4.0% on installments due 2011 through
2015; 4.125% on installments due 2016 and 2017; 4.25% on installments due 2018; and 4.375%
on installments due 2019 and 2020
$ 2,580,000
16,000,000
8,950,000
3,750,000
January 1, 2006 issue, School Bonds; due in annual installments of $600,000 on February 1,
2009 through 2016; $800,000 on February 1, 2017 and 2018; and $2,400,000 on February 1,
2019 through 2024; interest at 4.0% on installments due 2009 through 2018; interest at 5.0% on
installments due 2019; interest at 4.0% on installments due 2020 through 2024; interest at 4.1%
on installments due 2024
October 3, 2006 issue, School Bonds; due in annual installments of $461,689 on April 1, 2009
through 2018; $890,399 on April 1, 2019; $989,332 on April 1, 2020; $1,352,088 on April 1, 2021
through 2025; and $811,253 on April 1, 2026; interest at 4.0% on installments due 2009 through
2018; interest at 4.375% on installments due 2019 through 2020; interest at 4.5% on installments
due 2021; interest at 4.125% on installments due 2022 through 2025;interest at 4.2% on
installments due 2026
October 3, 2006 issue, School Bonds; due in annual installments of $238,311 on April 1, 2009
through 2018; $459,601 on April 1, 2019; $510,668 on April 1, 2020; $697,912 on April 1, 2021
through 2025; and $418,747 on April 1, 2026; interest at 4.0% on installments due 2009 through
2018; interest at 4.375% on installments due 2019 through 2020; interest at 4.5% on installments
due 2021; interest at 4.125% on installments due 2022 through 2025;interest at 4.2% on
installments due 2026
Total General Obligation Bonds
20,800,000
14,068,311
7,261,689
$73,410,000
Annual debt service requirements to maturity for the County’s general obligation bonds are as follows:
Year Ending June 30
2009
2010
2011
2012
2013-2017
2018-2022
2023-2026
Totals
Principal
Interest
$
4,300,000
4,260,000
4,240,000
4,205,000
21,975,000
22,250,000
12,180,000
$
3,102,801
2,936,650
2,754,251
2,584,210
10,193,777
5,321,987
1,006,815
$
73,410,000
$
27,900,488
At June 30, 2008 Alamance County had a legal debt margin of $763,762,833.
FI - 46
c. Revolving Loan
The N.C. Department of Environment and Natural Resources – Division of Water Quality has approved a loan to
the County for $247,458, to be used for a sanitary sewer project. As of June 30, 2007 the County had drawn
down funds in the amount of $225,773. Interest is 2.6 percent per annum on the unpaid principal sum. Principal
plus interest is due in annual installments on May 1, 2007 through 2010. The project was completed on
September 27, 2005 and the loan balance at June 30, 2008 was $90,309.
Revolving Loan
Year Ending June 30
Principal
2009
2010
Totals
Interest
$
45,155
45,154
$
2,348
1,174
$
90,309
$
3,522
d. Long-Term Obligation Activity
The following is a summary of changes in the County’s long-term obligations for the fiscal year ended June 30,
2008:
Balance
July 1, 2007
Increases
Decreases
Balance
June 30, 2008
Current Portion
of Balance
General obligation debt
$ 77,745,000
Revolving loan
Installment loans
135,464
12,456,147
540,833
1,903,082
$ 92,780,526
$
$
$
$
17,944
1,649,875
1,667,819
$
4,335,000
$
45,155
1,458,845
1,484,524
7,323,524
$
73,410,000
$
90,309
10,997,303
558,777
2,068,432
87,124,821
$
4,300,000
$
45,155
1,252,529
1,484,524
7,082,208
$
-
Special obligation debt
Accrued landfill closure and
postclosure care cost
Total-business-type activities
$
7,505,132
51,675
7,556,807
$
1,531,542
29,656
1,561,198
$
$
1,691,746
37,020
1,728,766
$
$
7,344,928
44,311
7,389,239
$
1,000
37,020
38,020
Compensated absences typically have been liquidated in the general fund or the landfill fund and are accounted
for on a FIFO basis, assuming that employees are taking leave time in the order it is earned.
e. Conduit Debt Obligations
Alamance County Industrial Facility and Pollution Control Financing Authority has issued industrial revenue
bonds to provide financial assistance to private businesses for economic development purposes. These bonds
are secured by the properties financed as well as by letters of credit and are payable solely from payments
received from the private businesses involved. Ownership of the acquired facilities is in the name of the private
business served by the bond issuance. Neither the County, the Authority, the State, nor any political subdivision
thereof is obligated in any manner for the repayment of the bonds. Accordingly, the bonds are not reported as
liabilities in the accompanying financial statements. As of June 30, 2008 there were three series of industrial
revenue bonds outstanding, with an aggregate principal amount payable of $4,940,000.
FI - 47
C. Interfund balances and activity
1. Transfers to/from other funds:
a. Transfers Out
Transfers to other funds at June 30, 2008 consist of the following:
From the General Fund to the Schools Capital Project Fund for construction
From the General Fund to the CDBG Grant Fund for operations
From the General Fund to the Emergency Telephone System Fund for fixed
asset purchases
From the Emergency Telephone System Fund to the General Fund for
reimbursement
From the Worker’s Compensation Fund to the General Fund for
reimbursement
Net transfers out
$
256,250
10,360
120,651
710,283
6,500
$
1,104,044
To the Schools Capital Project Fund from the General Fund for construction
To the CDBG Grant Fund from the General Fund for operations
To the Emergency Telephone System Fund from the General fund for fixed
asset purchases
To the General Fund from the Emergency Telephone System Fund for
reimbursement
To the General Fund from the Worker’s Compensation Fund for
reimbursement
$
256,250
10,360
Net transfers in
$
1,104,044
$
-
b. Transfers In
Transfers from other funds at June 30, 2008, consist of the following:
120,651
710,283
6,500
Due from the Internal Service Funds for its activity allocation to the
Proprietary funds
IV. Joint Ventures
A. Alamance-Caswell-Rockingham Local Management Entity
The County, in conjunction with the State of North Carolina, Caswell County, and Rockingham County, participates in a
joint venture to operate the Alamance-Caswell-Rockingham Local Management Entity. Alamance, Caswell, and
Rockingham counties designate one county commissioner each to serve on the Entity’s governing board, and, according
to State statute, the designated commissioners appoint the remainder of the Entity’s governing board. The Governing
Board shall consist of no fewer then eleven members and no more than twenty-five members. Of the current twenty
member board, Alamance County appoints eleven members (including the Commissioner), Caswell County appoints two
members (including the Commissioner), and Rockingham County appoints seven members (including the Commissioner).
The Counties have the basic responsibility for providing financial support for the Entity’s operations and facilities. The
Counties have an ongoing financial responsibility for the Entity because of the statutory responsibilities to provide funding
for the Entity’s operations and facilities. The County contributed $1,375,355 to the Entity for operating and capital
purposes during the fiscal year ended June 30, 2008 The participating governments do not have an equity interest in the
joint venture; therefore, no equity interest has been reflected in the County’s financial statements at June 30, 2008.
Complete financial statements for the Entity may be obtained from the Entity’s administrative offices at 319 N. Graham
Hopedale Road, Suite A, Burlington, NC 27217.
FI - 48
B. Alamance Community College
The County, in conjunction with the State of North Carolina and the Alamance County Board of Education, participates in
a joint venture to operate the Alamance Community College. Each of the three participants appoints four members of the
thirteen-member board of trustees of the community college. The president of the community college’s student
government serves as an ex officio nonvoting member of the community college’s board of trustees. The community
college is included as a component unit of the State. The County has the basic responsibility for providing funding for the
facilities of the community college and also provides some financial support for the community college’s operations. In
addition to providing annual appropriations for the facilities, the County periodically issues general obligation bonds to
provide financing for new and restructured facilities. The County has an ongoing financial responsibility for the community
college because of the statutory responsibilities to provide funding for the community college’s facilities. The County
contributed $2,531,000
and $144,000 to the community college for operating and repair and maintenance,
respectively, during the fiscal year ended June 30, 2008. The participating governments do not have any equity interest in
the joint venture; therefore, no equity interest has been reflected in the County’s financial statements at June 30, 2008.
Complete financial statements for the community college may be obtained from the community college’s administrative
offices at 1247 Jimmie Kerr Road, Graham, NC 27253.
V. Jointly Governed Organizations
A. Piedmont Triad Council of Governments
The County, in conjunction with five other counties and thirty-five municipalities, established the Piedmont Triad Council of
Governments (Council). The participating governments established the Council to coordinate various funding received
from federal and State agencies. Each participating government appoints one member to the Council’s governing board.
The County paid membership fees of $37,806 to the Council during the fiscal year ended June 30, 2008.
B. Burlington-Alamance Airport Authority
The County, in conjunction with the City of Burlington, jointly governs the Burlington-Alamance Airport Authority. Each
participating government appoints three members of the seven-member board. The seventh appointment is a joint
appointment by both governments. The Airport was created in 1969 by the North Carolina General Assembly House Bill
951. This act enabled Alamance County and the City of Burlington to establish the Authority for the maintenance of its
airport facilities. The County has no ongoing responsibility for providing financial support for the Authority’s operations
and facilities. The County has contributed funds in the past to match Federal and State grants. The County contributed
$282,500 to the Authority for capital improvements during the fiscal year ended June 30, 2008.
In April 2006, the County loaned the Authority $1,500,000 for the purchase of land adjacent to the Airport to be used for
the future extension of the runway. The terms of the loan require annual principal payments of $500,000 beginning
December 31, 2006, with no interest over the life of the loan. The balance of the loan as of June 30, 2008, is $500,000
In March 2007, the County loaned the Authority $1,000,000 to be used for down payments on land the Airport purchased
for future expansion projects. The terms of the loan did not specify principal payments but did have a due date of all
principal to be paid by December 31, 2010, with no interest over the life of the loan. The balance of the loan as of June
30, 2008, is $1,000,000.
VI. Benefit Payments Issued By The State
The amounts listed below were paid directly to individual recipients by the State from federal and State monies. County
personnel are involved with certain functions, primarily eligibility determinations, that cause benefit payments to be issued by
the State. These amounts disclose this additional aid to County recipients that do not appear in the basic financial statements
because they are not revenues and expenditures of the County.
FI - 49
Federal
Temporary assistance to needy families
Medicaid
Food stamp program
Energy assistance
Adoption assistance
Adult assistance
AGRI-SFP food program meal
WIC
Child welfare services - adoption
Totals
State
$
1,258,195
87,234,903
14,080,801
196,025
462,366
2,781
3,426,399
-
$
(539)
45,302,752
-
-
130,763
1,464,122 -
-
303,868 $
106,661,470
$
45,737,383
VI. Summary Disclosure of Significant Commitments and Contingencies
A. Federal and State Assisted Programs
The county has received proceeds from several federal and State grants. Periodic audits of these grants are required and
certain costs may be questioned as not being appropriate expenditures under the grant agreements. Such audits could
result in the refund of grant moneys to the grantor agencies. Management believes that any required refunds will be
immaterial. No provision has been made in the accompanying financial statements for the refund of grant monies.
B. Operating Leases
The County leases copiers, computer equipment and other office equipment under noncancelable operating leases. Total
costs for such leases were $527,274 for the year ended June 30, 2008. The future minimum lease payments for these
leases are as follows:
Year Ending June 30
Amount
2009
873,081
2010
11,427
2011
11,427
11,427
11,427
2012
2013
$
Total
$
918,789
VII. Prior Period Adjustment
Assets of the General Fund at June 30, 2007 have been restated to include certain receivables from the Burlington-Alamance
Airport Authority and the Alamance County Transportation Authority as follows:
Note receivable from Alamance County Transportation Authority
$
Note receivable from Burlington-Alamance Airport Authority
25,000
2,000,000
Total adjustment
$
2,025,000
Fund balance as previously reported at June 30, 2007
$
26,221,572
Prior period adjustment, as above
2,025,000
Fund balance as restated for June 30, 2007
$
FI - 50
28,246,572
Required Supplementary Information
Required Supplementary Information The Required Supplementary Information schedules and notes contain additional information
required by generally accepted accounting principles as follows:
Law Enforcement Officer’s Special Separation Allowance: Schedule of Funding Progress Schedule of Employer Contributions Notes to the Required Schedules
FI-51
FI - 52
Required Supplementary Information
LAW ENFORCEMENT OFFICERS’ SPECIAL SEPARATION ALLOWANCE
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Funding Progress
Exhibit A-1
Actuarial
Value of
Assets
(a)
Actuarial
Valuation
Date
12/31/2007
12/31/2006
12/31/2005
12/31/2004
12/31/2003
12/31/2002
12/31/2001
12/31/2000
12/31/1999
12/31/1998
$
-
Actuarial
Accrued Liability
(AAL)- Projected
Unit Credit
(b)
$
1,287,151
1,123,476
992,678
1,030,139
997,532
1,039,014
768,225
737,290
426,001
382,850
Unfunded AAL
(UAAL)
(b-a)
$
Covered
Payroll
(c)
Funded
Ratio
(a/b)
1,287,151
1,123,476
992,678
1,030,139
997,532
1,039,014
768,225
737,290
426,001
382,850
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
$
4,575,350
4,184,243
3,853,191
3,460,424
2,977,179
2,774,323
2,391,263
2,515,170
2,399,224
2,157,206
UAAL as a
Percentage of
Covered Payroll
((b-a)/c)
28.1%
26.9%
25.8%
29.8%
33.5%
37.5%
32.1%
29.3%
17.8%
17.7%
Schedule of Employer Contributions
Exhibit A-2
Year Ended
June 30
2008
Annual Required
Contribution
$
Percentage
Contributed
130,767
85.4%
2007
117,422
81.2%
2006
119,861
76.0%
2005
107,974
76.7%
2004
111,075
76.4%
2003
88,918
41.1%
2002
84,813
24.7%
2001
65,016
31.0%
2000
56,919
26.4%
1999
53,291
32.5%
1998
50,063
44.1%
The information presented in the required supplementary schedules, Exhibit A-1 and Exhibit A-2, was determined as part
of the actuarial valuations at the dates indicated. Additional information as of the latest actuarial valuation follows:
Valuation date .............................................................. 12/31/2007 Actuarial cost method ................................................... Projected unit cost Amortization method..................................................... Level percent of pay closed Remaining amortization period ..................................... 24 years Asset valuation method ................................................ Market value Actual assumptions: Investment rate of return* ..................................... 7.25% Projected salary increases* .................................. 4.5% to 12.3% *includes inflation at.............................................. 3.75% Cost of living adjustments ..................................... None FI - 52
General Fund
Comparative Balance Sheets
For June 30, 2008 and 2007
Exhibit B-1
June 30, 2007
June 30, 2008
Assets:
Accounts receivable (net)
Total assets
Liabilities and Fund Balances
Liabilities:
Accounts payable and accrued liabilities
Miscellaneous liabilities
Deferred revenues
Due to component unit
Total liabilties
$
$
$
Fund balances:
Reserved for encumbrances
Reserved by state statute
Unreserved:
Designated for subsequent year's expenditures
Undesignated
Total fund balances, as restated
$
FI - 54
22,174,892
4,199,363
11,264,267
37,638,522
$
2,057,017
256,511
4,610,832
80,885
7,005,245
$
$
20,676,173
2,159,234
11,815,925
34,651,332
1,997,170
294,606
4,071,594
41,390
6,404,760
279,288
11,431,203
238,089
8,427,982
6,088,919
12,833,867
30,633,277
5,964,901
13,615,600
28,246,572
37,638,522
$
34,651,332
General Fund
Comparative Statement of Revenues, Expenditures, and Changes in Fund Balances
For the fiscal years ended June 30, 2008 and 2007
Exhibit B-2
June 30, 2007
June 30, 2008
Revenues:
Ad valorem taxes
Permits and fees
Sales and services
Investment earnings
Miscellaneous
Total revenues
$
Expenditures:
Current:
General government
Public safety
Transportation
Human services
Intergovernmental:
Education
Debt service:
Principal retirement
Interest and fees
Total expenditures
60,793,402
27,476,577
1,235,689
247,751
21,605,196
1,385,950
11,710,584
948,859
857,017
126,261,025
$
58,534,780
26,378,154
1,313,621
243,412
21,438,547
1,619,467
6,718,823
1,169,136
570,922
117,986,862
11,880,730
26,528,085
410,587
84,821
1,415,778
36,238,804
4,006,226
11,040,856
24,494,147
182,881
58,048
1,182,425
35,346,669
4,054,430
34,107,514
31,041,238
5,838,999
3,796,598
124,308,142
5,331,643
3,621,578
116,353,915
1,952,883
1,632,947
Other financing sources (uses):
Sale of capital assets
Total other financing sources (uses)
Net change in fund balances
716,783
(387,261)
104,300
433,822
2,386,705
3,229,134
(3,271,754)
146,385
103,765
1,736,712
Fund balances:
$
FI - 55
28,246,572
30,633,277
$
26,509,860
28,246,572
General Fund
Comparative Schedule of Revenues, Expenditures, and Changes in Fund Balances
With comparative actual amounts for the fiscal year ended June 30, 2007
Exhibit B-3
Page 1 of 4
2008
Budget
Revenues:
Ad valorem taxes:
Taxes
Penalties and interest
Total
Local option sales tax:
Article 39 and 44
Article 40: .5 percent
Article 42: .5 percent
Total
$
2007
Variance
Positive
(Negative)
Actual
61,805,423
300,000
62,105,423
$
60,436,464
356,938
60,793,402
$
Actual
(1,368,959) $
56,938
(1,312,021)
58,196,939
337,841
58,534,780
16,519,412
5,716,000
5,480,000
27,715,412
16,376,539
5,577,172
5,522,866
27,476,577
(142,873)
(138,828)
42,866
(238,835)
15,347,678
5,539,797
5,490,679
26,378,154
650,000
3,000
547,000
50,000
1,250,000
563,097
11,053
617,406
44,133
1,235,689
(86,903)
8,053
70,406
(5,867)
(14,311)
683,365
10,770
572,772
46,714
1,313,621
225,000
225,000
247,751
247,751
3,970,836
13,271,658
312,000
33,652
3,783,315
21,371,461
4,060,277
13,477,880
316,471
29,661
3,720,907
21,605,196
89,441
206,222
4,471
(3,991)
(62,408)
233,735
3,975,854
13,648,637
302,123
28,079
3,483,854
21,438,547
Permits and fees:
Building permits and inspection fees
Register of Deeds
Total
595,000
1,154,756
1,749,756
475,230
910,720
1,385,950
(119,770)
(244,036)
(363,806)
601,099
1,018,368
1,619,467
Sales and services:
Rents, concessions and fees
Nuisance abatement
Jail fees
Ambulance fees
Total
6,859,077
260,000
2,652,000
9,771,077
8,089,038
10,064
199,028
3,412,454
11,710,584
1,229,961
10,064
(60,972)
760,454
1,939,507
3,883,522
204,432
2,630,869
6,718,823
Investment earnings
700,000
948,859
248,859
1,169,136
Miscellaneous
871,731
857,017
(14,714)
Total revenues
125,759,860
126,261,025
Other taxes and licenses:
Real estate transfer tax
Privilege licenses
Local occupancy tax
Rental vehicle tax
Total
Unrestricted intergovernmental:
Beer and wine
Total
Restricted intergovernmental:
State
Federal
Court facilities fees
ABC bottle tax
Other
Total
FI - 56
22,751
22,751
501,165
243,412
243,412
570,922
117,986,862
General Fund
Exhibit B-3
Page 2 of 4 2008
Budget
Expenditures:
Current:
General government:
Governing body
County manager
Administrative services/planning
Human Resources
Finance
Purchasing
Tax administration
Revaluation
Legal
Facility fees
Elections
Register of Deeds
Central services:
Management information systems
Printing
Central garage
Public buildings
Total
Actual
2007
Variance
Positive
(Negative)
Actual
265,513
2,023,370
159,575
391,922
659,158
122,158
1,970,548
551,279
516,335
424,269
883,987
1,253,452
263,587
1,847,441
145,619
352,412
621,670
79,447
1,780,437
500,611
441,470
350,235
690,978
779,674
1,926
175,929
13,956
39,510
37,488
42,711
190,111
50,668
74,865
74,034
193,009
473,778
230,312
1,682,490
134,447
367,584
696,726
1,755,762
464,911
410,235
962,123
697,412
2,828,950
162,573
47,293
1,401,531
13,661,913
2,590,950
97,093
43,516
1,295,590
11,880,730
238,000
65,480
3,777
105,941
1,781,183
2,319,237
43,028
39,652
1,236,937
11,040,856
749,668
9,317,756
306,224
8,225,973
26,361
326,293
69,350
110,631
769,002
6,032,174
208,600
1,520,770
138,000
27,800,802
702,046
9,161,875
299,981
7,678,154
9,415
312,887
64,055
102,322
709,491
5,703,645
208,542
1,458,372
117,300
26,528,085
47,622
155,881
6,243
547,819
16,946
13,406
5,295
8,309
59,511
328,529
58
62,398
20,700
1,272,717
535,967
8,439,825
282,745
6,774,917
52,025
290,296
64,305
149,341
709,144
5,534,383
205,901
1,347,348
107,950
24,494,147
Transportation:
Transportation services
Airport
Total
128,187
282,500
410,687
128,087
282,500
410,587
100
100
100,381
82,500
182,881
Environmental Protection
103,200
84,821
18,379
58,048
Public Safety:
Judicial services
Sheriff
School Resource Officers
County Jail
Emergency Service
Fire Service
SARA Management
Inspections
Animal Shelter
Other
Total
FI - 57
General Fund
Exhibit B-3
Page 3 of 4 2008
Budget
Actual
2007
Variance
Positive
(Negative)
Actual
Economic and Physical Development:
Industrial development
Economic Development
Soil Conservation
Tourism Development Authority
Other
Total
435,000
357,272
228,236
361,000
14,707
1,396,215
435,000
339,113
227,488
399,470
14,707
1,415,778
Human services:
Health
WIC Program
Dental Clinic Program
Social Services
Home and Community Care
Veterans Service Office
Office of Juvenile Justice Programs
Mental Health Authority
Other
Total
6,962,856
554,192
892,252
28,005,897
1,036,518
171,937
404,606
1,427,855
291,874
39,747,987
6,222,759
516,610
802,408
25,384,172
1,024,446
165,114
403,566
1,427,855
291,874
36,238,804
740,097
37,582
89,844
2,621,725
12,072
6,823
1,040
3,509,183
5,958,252
473,499
739,212
24,893,795
1,011,605
153,886
443,528
1,373,430
299,462
35,346,669
1,582,454
1,890
2,667,725
135,500
4,387,569
1,364,407
999
2,505,320
135,500
4,006,226
218,047
891
162,405
381,343
1,463,451
7,082
2,470,397
113,500
4,054,430
31,032,514
500,000
30,932,514
500,000
100,000
-
28,166,238
500,000
2,531,000
144,000
34,207,514
2,531,000
144,000
34,107,514
100,000
2,250,000
125,000
31,041,238
Cultural and recreational:
Recreation
Historic Properties Commission
Library
Other
Total
Education:
Alamance-Burlington School System:
Current expense
Repair and maintenance
Alamance Community College:
Current expense
Repair and maintenance
Total
FI - 58
18,159
748
(38,470)
(19,563)
125,000
64,754
362,959
244,738
370,411
14,563
1,182,425
General Fund
Exhibit B-3
Page 4 of 4 2008
Budget
Debt Service:
Interest and fees
Total
Total expenditures
Other financing sources (uses):
Operating transfers from (to):
Insurance Fund
Schools Capital Project Fund
Schools Capital Project Fund
Grant Fund
Emergency Telephone System Fund
Landfill Enterprise Fund
Facilities Maint. Capital Project Fund
Jail Expansion Capital Project Fund
EMS Capital Project Fund
Alamance Community College Capital
Project Fund
Loan repayment from Alamance County
Loan payment from Airport Authority
Sale of capital assets
131,366,918
124,308,142
7,058,776
116,353,915
1,952,883
7,559,941
1,632,947
6,500
(256,250)
(10,360)
(120,651)
710,283
-
(306,250)
1,729,134
(529,134)
(1,236,370)
(1,200,000)
-
1,500,000
104,300
(25,000)
(500,000)
(25,000)
146,385
983,822
433,822
(550,000)
103,765
2,386,705
-
7,009,941
(4,623,236)
-
1,736,712
-
2,386,705
1,736,712
-
2,386,705
Fund balances:
-
25,000
500,000
129,300
(4,623,236)
4,623,236
$
5,331,643
3,621,578
8,953,221
541,612
(526,178)
15,434
5,838,999
3,796,598
9,635,597
-
Contingency
Actual
6,380,611
3,270,420
9,651,031
6,500
(256,250)
(10,360)
(120,651)
710,283
-
Actual
(5,607,058)
2007
Variance
Positive
(Negative)
$
28,246,572
$
FI - 59
30,633,277
26,509,860
$
28,246,572
Schools Capital Projects Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actua
From inception and for the fiscal year ended June 30, 2008
Exhibit B-4
Page 1 of 5
Actual
Project
Authorization
REVENUES
Restricted Intergovernmental:
Public School Building Capital Fund
Lottery:
B. Everett Jordan Elementary
Public School Capital Building Capital
Fund:
AO Elementary
South Graham Elementary
Woodlawn Middle
E.M. Yoder Elementary
Grove Park Elementary
Newlin Elementary
Eastern, Graham, and Western High
Schools - Phase II
Five Year CIP
2002 Facility Improvement Plan
Alexander Wilson
Completed projects
Public School Building Bond Act of
1996:
Southern High School
Eastern High School
Graham High School
Western High School
Alexander Wilson
Pleasant Grove Elementary
E.M. Holt Elementary
Western Middle
Turrentine Middle
Andrews Elementary
Elon Elementary
Graham Middle
AO Elementary
South Mebane Elementary
Sylvan Elementary
Southern Middle
Woodlawn Middle
North Graham Elementary
Eastlawn Elementary
Williams High School
Sellars-Gunn Center
Cummings High School
Broadview Middle
Local Funds:
Eastlawn Elementary
Alamance-Burlington School System
Total restricted intergovernmental
Investment earnings
Sales tax refund
Total revenues
$
1,465,200
Prior Years
$
-
245,535.00
212,016
2,025,000
30,000
18,851
62,379
247,541.00
212,016
2,025,000
30,000
18,851
62,379
3,211
6,555,545
706,647
366,172
4,615,782
3,211
5,295,221
706,048
366,172
4,615,782
155,286
157,035
118,165
103,974
527,304
2,888
219,087
2,272,167
50,580
64,860
209,302
318,291
335,207
7,562
35,204
242,341
3,220,727
2,167,732
592,974
156,599
92,060
28,500
112,622
3,416,365
1,214,726
155,286
157,035
118,165
103,974
527,304
2,888
219,087
2,272,167
50,580
64,860
209,302
318,291
335,207
7,562
35,204
242,341
3,215,757
2,167,732
592,974
156,599
92,060
28,500
112,622
3,416,365
1,214,726
35,573
3,019,800
35,573
3,019,800
35,183,269
1,657,261
577,254
37,417,784
32,454,182
3,459,310
35,913,492
FI - 60
Current Year
Total to Date
$
$
461,739
-
461,739
Variance
Positive
(Negative)
$ (1,003,461)
247,541
212,016
2,025,000
30,000
18,851
62,379
2,006.00
-
3,211
5,735,604
706,048
366,172
4,615,782
(819,941)
(599)
-
-
155,286
157,035
118,165
103,974
527,304
2,888
219,087
2,272,167
50,580
64,860
209,302
318,291
335,207
7,562
35,204
242,341
3,215,757
2,167,732
592,974
156,599
92,060
28,500
112,622
3,416,365
1,214,726
(4,970)
-
-
35,573
3,019,800
-
440,383
-
902,122
410,989
577,254
1,890,365
33,356,304
3,870,299
577,254
37,803,857
(1,826,965)
2,213,038
386,073
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
Exhibit B-4
Page 2 of 5
Actual
Project
Authorization
EXPENDITURES
AO Elementary
98 Critical needs
98 Roofing
99 Roof repairs
Alexander Wilson
98 Critical needs
98 Roofing
98 Addition
03 Addition
06 Addition
Andrews Elementary
98 Critical needs
06 Addition
06 Addition Phase II
98 Critical needs
98 Addition
Broadview Middle
98 Critical needs
06 Addition
98 Critical needs
98 Roofing
06 Addition
Eastern High School
98 Critical needs
98 Roofing
06 Addition
Eastlawn Elementary
98 Critical needs
98 Roofing
Elon Elementary
98 Critical needs
98 Critical needs
98 Roofing
06 Addition
98 Critical needs
98 Roofing
98 Addition
Graham High School
98 Critical needs
98 Roofing
Graham Middle School
98 Critical needs
98 Roofing
98 Critical needs
98 Roofing
Haw River Elementary
Prior Years
Current Year
310,207
25,000
245,535
310,207
25,000
245,535
11,226
125,417
410,462
488,229
1,196,273
11,226
125,417
410,462
488,229
1,168,121
1,732
11,226
125,417
410,462
488,229
1,169,853
26,420
64,860
2,920,741
740,056
64,860
2,923,065
23,238
(2,324)
4,215
64,860
2,920,741
27,453
712,603
261,909
3,654,456
261,909
3,654,456
-
261,909
3,654,456
1,214,726
39,183
260,817
1,214,726
39,183
-
56,563
1,214,726
39,183
56,563
204,254
12,622
100,000
530,216
12,622
100,000
498,401
-
12,622
100,000
498,401
31,815
80,703
76,332
1,014,000
15,650
80,703
76,332
961,624
-
-
80,703
76,332
961,624
-
52,376
15,650
139,654
16,946
139,654
16,946
-
139,654
16,946
-
209,302
209,302
-
209,302
-
188,506
30,581
2,435,000
228,780
188,506
30,581
2,143,904
-
59,377
-
188,506
30,581
2,203,281
-
8,784
19,995
1,894,195
8,784
19,995
1,894,195
-
8,784
19,995
1,894,195
-
80,143
38,022
80,143
38,022
-
80,143
38,022
-
168,291
150,000
168,291
150,000
-
168,291
150,000
-
10,427
8,424
5,310
1,954,390
10,427
8,424
5,310
169,762
FI - 61
-
Total to Date
1,225,916
310,207
25,000
245,535
Variance
Positive
(Negative)
10,427
8,424
5,310
1,395,678
-
-
231,719
228,780
558,712
Actual
Project
Authorization
Newlin Elementary
98 Critical needs
06 Addition
98 Addition
98 Critical needs
Sellars-Gunn Center
98 Critical needs
98 Critical needs
98 Addition
06 Addition
98 Critical needs
98 Critical needs
98 Roofing
06 Addition
Southern Middle School
94 Construction
98 Critical needs
98 Roofing
06 Addition
Sylvan Elementary
98 Critical needs
Turrentine Middle School
98 Critical needs
98 Roofing
Western High School
98 Critical needs
98 Roofing
06 Addition
Western Middle School
98 Critical needs
98 Roofing
98 Critical needs
98 Roofing
06 Addition
Woodlawn Middle School
98 Critical needs
98 Addition
2000 Addition
Garrett/Hawfields Middle School
98 Addition
Highland Elementary School
06 Addition
Eastern, Graham, and Western
High Schools - Phase II
Construction
Prior Years
Current Year
Total to Date
1,463,157
62,379
127,400
2,201,551
Exhibit B-4
Page 3 of 5
Variance
Positive
(Negative)
62,379
127,400
2,607,558
62,379
127,400
738,394
2,867,732
2,867,732
-
2,867,732
-
2,888
2,888
-
2,888
-
28,500
28,500
-
28,500
-
989
1,211,026
2,235,000
228,780
989
1,211,026
2,042,871
-
-
989
1,211,026
2,042,871
-
7,562
7,562
-
7,562
118,307
36,978
1,014,000
15,650
118,307
36,978
937,508
-
2,136,118
142,341
100,000
1,244,544
658,834
2,136,118
142,341
100,000
1,235,291
-
35,204
192,129
228,780
-
118,307
36,978
975,762
-
38,238
15,650
-
2,136,118
142,341
100,000
1,235,291
-
9,253
658,834
35,204
-
35,204
-
20,880
29,700
20,880
29,700
-
20,880
29,700
-
65,952
38,022
1,014,000
15,650
65,952
38,022
983,050
-
98,305
-
65,952
38,022
1,081,355
-
(67,355)
15,650
321,265
1,950,902
321,265
1,950,902
-
321,265
1,950,902
-
67,060
25,000
1,188,000
67,060
25,000
1,156,671
-
67,060
25,000
1,156,671
31,329
6,111
3,214,616
2,362,500
6,111
3,209,646
2,362,500
-
6,111
3,209,646
2,362,500
4,970
-
25,602,255
25,025,000
577,255
25,602,255
-
7,036,334
7,805,997
7,036,333
5,370,496
1,825,859
7,036,333
7,196,355
12,410,007
12,410,007
FI - 62
38,254
-
406,007
-
12,410,007
1
609,642
-
Exhibit B-4
Page 4 of 5
Actual
Project
Authorization
Five Year Capital Improvement Plan
AO Elementary
Alexander Wilson Elementary
Andrews Elementary
Broadview Middle School
Eastern High School
Eastlawn Elementary
Elon Elementary
Graham High School
Hillcrest Elementary
Newlin Elementary
Sellars-Gunn High School
Smith Elementary
Sylvan Elementary
Turrentine Middle School
Western High School
Central Office Chiller Unit
Ray Street Facility
B. Everett Jordan Elementary - lottery
AO Elementary
Eastlawn Elementary
Newlin Elementary
Completed Projects
School Bond Interest Costs
School Bond Issue Costs
Total expenditures
Prior Years
Current Year
Total to Date
18,980
6,000
52,500
28,315
543,917
278,563
587,805
473,470
139,674
523,969
6,000
308,616
396,971
446,363
187,761
7,500
20,000
48,356
361,517
8,000
46,000
108,934
405,740
471,737
68,397
798,853
512,912
271,500
1,834,000
275,350
175,000
1,465,200
18,980
6,000
52,500
28,301
541,656
261,610
402,079
423,182
134,178
473,837
6,000
264,116
393,681
437,863
133,687
7,500
19,999
48,356
349,975
8,000
6,000
57,434
350,340
369,924
5,760
748,839
320,007
215,853
1,533,199
275,350
-
2,261
7,071
148,682
42,318
46,217
42,800
8,447
4,973
16,660
5,743
44,257
36,992
28,596
112,077
50,695
180,083
87,222
461,739
18,980
6,000
52,500
28,301
543,917
268,681
550,761
465,500
134,178
520,054
6,000
306,916
393,681
446,310
133,687
7,500
19,999
48,356
354,948
8,000
22,660
63,177
394,597
406,916
34,356
748,839
432,084
266,548
1,713,282
275,350
87,222
461,739
90,000
248,500
28,185
118,847
283,500
19,642
24,708
30,000
62,021
40,000
49,368,412
288,656
89,838
248,500
28,185
118,847
283,500
19,642
24,708
30,000
62,021
39,562
49,368,412
450,151
480,583
-
89,838
248,500
28,185
118,847
283,500
19,642
24,708
30,000
62,021
39,562
49,368,412
480,583
450,151
160,921,782
148,545,217
7,155,725
155,700,942
(123,503,998) (112,631,725)
FI - 63
(5,265,360) (117,897,085)
Variance
Positive
(Negative)
14
9,882
37,044
7,970
5,496
3,915
1,700
3,290
53
54,074
1
6,569
23,340
45,757
11,143
64,821
34,041
50,014
80,828
4,952
120,718
87,778
1,003,461
162
438
(480,583)
(161,495)
5,220,840
5,606,913
Exhibit B-4
Page 5 of 5
Actual
Project
Authorization
Transfers in:
From General Fund for:
Completed projects
Eastern High School
Western High School
E. M. Holt Elementary
New Elementary School
Newlin Elementary
Andrews Elementary
Broadview Middle School
From County Buildings Capital Projects
Fund for:
Completed projects
From Schools Capital Reserve Fund for:
Completed projects
Bond issuance costs
Eastern, Graham, and Western High
Schools - Phase II Construction
Alexander Wilson Elementary
Woodlawn Middle School
Central Office
Transfers out:
To General Fund
To Schools Capital Reserve Fund
General obligation bond issued
General obligation bond premium
Refunding bonds issued
Payment to refunded bond escrow agent
Refunding bonds issued
Revenues and other sources over
(under) expenditures and other uses
Fund balances:
Beginning of year - July 1
Prior Years
Variance
Positive
(Negative)
Current Year
Total to Date
256,250
-
513,394
1,131,745
268,167
143,175
112,294
355,165
1,176,451
72,710
1,244,544
1,349,663
256,997
162,680
558,398
497,950
39,181
-
513,394
1,131,745
268,167
143,175
112,294
355,165
1,176,451
72,710
1,244,544
1,349,663
256,997
162,680
558,398
497,950
39,181
513,394
875,495
268,167
143,175
112,294
355,165
1,176,451
72,710
1,244,544
1,349,663
256,997
162,680
558,398
497,950
39,181
92,332
92,332
-
92,332
18,931,081
38,214
18,931,081
38,214
-
18,931,081
38,214
-
3,305,521
1,000,000
522,057
120,000
700,000
800,000
500,000
337,500
1,450,061
238,755
275,350
3,305,521
1,000,000
522,057
120,000
700,000
800,000
500,000
337,500
1,450,061
238,755
275,350
-
3,305,521
1,000,000
522,057
120,000
700,000
800,000
500,000
337,500
1,450,061
238,755
275,350
-
(6,237,375)
(3,751,610)
97,530,000
2,162
8,107,100
(8,051,025)
13,748,343
(13,669,672)
(367,310)
(6,237,375)
(3,751,610)
97,530,000
2,162
8,107,100
(8,051,025)
13,748,343
(13,669,672)
(367,310)
-
(6,237,375)
(3,751,610)
97,530,000
2,162
8,107,100
(8,051,025)
13,748,343
(13,669,672)
(367,310)
-
123,503,998
123,247,748
256,250
123,503,998
-
$ 10,616,023
(5,009,110) $
$
-
10,616,023
$ 5,606,913
FI - 64
5,606,913
$
5,606,913
Nonmajor Governmental Funds
June 30, 2008
Exhibit C-1
Special Revenue
Emergency Burlington
School
Telephone
Supplemen
System
t Fund
Fund
ASSETS
Taxes receivable, net
Accounts receivable, net
Total assets
FI - 66
LIABILITIES AND FUND
BALANCES
Liabilities:
Accounts payable
Deferred revenues
$ 539,562
64,280
$
$ 603,842
$
.
$ 49,703
-
Total liabilties
$
-
Capital
Revenue
Funds
$ 421,980
-
$
$ 168,063
$ 422,774
$
Total fund balances
554,139
Justice
Facility
Fund
-
$ 961,542
168,063
$
154,119
290
$
$ 1,194,679
$
154,409
$
Total
65,074
794
$
-
-
$
13,968
$
168,063
-
63,671
$
346
33,161
33,161
-
65,074
290
-
421,980
120,958
(13,968)
962,945
168,063
-
794
13,968
-
-
$
-
-
-
421,980
(13,968)
$
-
422,774
$ 168,063
$
-
$ 475,891
$ 1,194,679
121,248
-
422,774
-
$ 17,729
$
-
231,734
-
-
-
$
72,196
$1,758,719
-
$
9,615
-
$ 2,012,691
-
$ 2,974,233
168,063
$
$
9,633
$ 2,023,617
$
10,926
10,449
1,769,168
-
$ 72,332
-
--
33
$
-
18
$ 624,609
$
-
76,000
3,218,296
$ 657,770
$
721,441
-
64,280
$ 603,842
$ 17,696
-
Total
Total
Nonmajor
Governmental
Funds
136
$
346
-
Alamance
Dental
Clinic
Emergency Community
Jail
College
Expansion
Expansion Management
Fund
Fund
Services
Fund
33
168,063
489,859
Facility
Maintenance
Fund
Grant
Fund
168,063
-
49,703
Fund balances:
Unreserved:
Designated for
improvements
Undesignated
Total liabilities and fund
balances
$
-
Fire
District
Funds
Capital Projects
$
154,409
$
-17,729$
657,770
18
-
17,696
-
$
17,729
-
$
1,144,559
9,633
168,063
10,926
9,615
1,354,921
9,633
1,776,901
475,891
$
$ 2,023,617
1,365,847
2,328,792
1,769,168
72,332
76,000
889,504
1,134,110
72,196
72,332
346
346
-
346
-
624,609 10,449
136
-
3,218,296
$
Nonmajor Governmental Funds
Combining Statement of Revenue, Expenditures, and Changes in Fund Balances
Exhibit C-2
Special Revenue
Burlington
Emergency
School
Telephone Supplement Fire District
System Fund
Fund
Funds
REVENUES
Ad valorem taxes
intergovernmental
Investment earnings
$
196,641
425,192
49,866
Total revenues
-
$3,689,923
11,567
Capital
Facility
Justice
Reserve
Grant
Maintenance Facility
For the fiscal
year ended June 30, 2008
Funds
Fund
Total
Fund
Fund
$
18,611
671,699
$
37,500
1,871
$ 3,689,923
196,641
474,259
96,155
$
-
18,611
39,371
4,456,978
(2,073)
-
63,699
4,482,656
-
$ -
(2,073)
Jail
Expansion
Fund
$
Emergency
Alamance Dental Clinic
Management Community Expansion
Services
College Fund
Fund
(2)
$
(750)
$
(3,399)
147,334
(2)
(750)
(3,399)
147,334
-
$
-
Total
Nonmajor
Governmenta
l Funds
Total
$
141,117
$ 3,689,923
196,641
474,259
237,272
141,117
4,598,095
25,807
3,727,297
FI - 67
EXPENDITURES
Current:
Public safety
Economic and physical
development
Intergovernmental:
Education
Capital outlay
691,660
-
Total expenditures
-
3,727,297
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,482,656
3,727,297
-
-
63,699
-
(19,961)
-
OTHER FINANCING
SOURCES (USES)
Transfers in
Transfers out
-
Fund balances - beginning
-
-
4,482,656
-
10,360
-
131,011
(710,283)
(589,632)
-
-
-
10,360
(579,272)
(609,593)
1,163,732
-
-
18,611
-
(13,968)
-
(604,950)
554,139
$
$
$
$
404,163
-
-
-
2,947,562
2,947,562
1,246,955
8,677,173
1,246,955
-
853,554
(750)
(856,953)
-
(2)
4,194,517
(2,800,228)
(4,053,400)
(4,079,078)
-
-
-
-
853,554
--
-
-
2,947,562
(395,474)
-
(25,678)
120,651
(710,283)
-
$
-
2,947,562
393,401
393,401
(24,328)
7
18,611
Proceeds
of bond
sale
Total other
financing
sources (uses)
7
691,660
Excess (deficiency) of revenues over (under) expenditures
Fund balances - ending
$
Capital Projects
-
(395,474)
516,722
-
) $
1,567,895
-
-
-
-
-
(2)
348
$
$
-
(750)
18,479
$
7
(856,953)
929,285
$
-
-
-
131,011
(710,283)
-
-
-
(579,272)
(2,800,228)
3,944,787
$
7
9,626
$
(4,053,400)
5,419,247
$
$
422,774
(13,968
962,945
121,248
346
17,729
1,365,847
1,144,559
72,332
2,328,792
9,633
(4,658,350)
6,987,142
Exhibit D-1
2008
Budget
Revenues
Wireless 911 funds
Investment earnings
Total revenues
$
Expenditures
Current:
Public safety:
911 system subscriber fees:
Departmental supplies
Telephone
Equipment maintenance
Reimbursement of surcharge fees
Contracted services
Total subscriber fees
Wireless 911:
Salaries and wages
Insurance FICA and retirement
Worker's compensation
Supplies-computer
Supplies-small tools
Departmental supplies
Travel/training
Contracted services
Capital outlay-computer equipment
Total wireless 911
Total expenditures
2007
Variance
Positive
(Negative)
Actual
422,366
$
196,641
$
Actual
(225,725) $
408,082
260,000
50,000
425,192
49,866
165,192
(134)
279,753
107,633
732,366
671,699
(60,667)
795,468
782,282
31,117
27,000
604,171
31,117
4,168
178,111
22,832
519
599,012
4,235
840,399
639,456
200,943
603,766
37,269
11,907
177
15,000
3,000
1,000
3,000
60,000
1,500
37,893
12,008
177
669
10
947
500
-
(624)
(101)
14,331
3,000
990
2,053
59,500
1,500
36,360
11,773
226
20,935
1,337
3,466
281,284
132,853
52,204
80,649
355,381
973,252
(240,886)
691,660
(19,961)
281,592
220,925
959,147
(163,679)
120,651
(710,283)
4,490
826,028
120,651
(710,283)
-
(4,490)
(826,028)
240,886
(589,632)
(830,518)
(609,593) $
(609,593)
Other financing sources (uses)
Transfers in:
From General Fund
Transfer to General Fund
Encumbered Fund Balance
Appropriated Fund Balance
Excess of revenues and other sources over
(under) expenditures and other uses
$
-
-
(163,679)
Fund balances
1,163,732
$
FI - 68
554,139
1,327,411
$
1,163,732
Fire District Funds
June 30, 2008
With comparative totals for June 30, 2007
ASSETS
Taxes receivable, net
Total assets
LIABILITIES AND FUND
BALANCES
Liabilities:
Deferred revenues
Total liabilties
FI - 69
Fund balances:
Total fund balances
Total liabilities and fund
balances
Exhibit D-2
Totals
Swepsonville
54 East
East
Eastern
Central
Eli
Elon Fire
Altamahaw- Alamanc
Alamanc Alamanc Whitney/
/Rescue Faucette
e
e
e
87 South E.M. Holt Ossipee
$ 24,058
$
$
$
$
$
$
$
$
$
$
$
$ 168,063
$
$ 24,058
$
$
$
$
$
$
$
$
$
$
$
$
$
10,362
10,362
$ 24,058
$
$
10,362
10,362
-
6,899
10,362
-
6,899
15,603
$
13,976
2,204
2,204
$
19,365
13,976
$
19,365
$
. 12,208
12,208
$
15,603
12,326
15,603
12,326
6,899
$
15,603
12,326
6,899
24,058
$ 24,058
-
12,326
6,899
$
-
12,326
-
13,976
2,204
15,603
$
-
2,204
11,829
21,967
17,266
11,829
21,967
17,266
$
$
$
Snow
Camp
19,365
12,208
$
-
13,976
$
-
19,365
$
$
-
12,208
June 30,
2007
$
166,385
$ 168,063
$
17,266
12,208
13,976
June 30,
2008
166,385
168,063
19,365
2,204
$
Haw
River
11,829
21,967
11,829
21,967
-
$
-
17,266
166,385
168,063
$
-
$
$ 168,063
-
11,829
21,967
166,385
-
17,266
166,385
$
Fire District Funds
With comparative totals for the fiscal year ended June 30, 2007
REVENUES
Ad valorem taxes:
Taxes
Penalties and
interest
FI - 70
Total ad
valorem taxes
Restricted
intergovernmental:
Fireman's relief
fund
Total revenues
EXPENDITURES
Current:
Public safety
Swepsonville
Exhibit D-3
Totals
Faucette
North
North
Eastern
Central
Alamance Alamance
Eli
Whitney/
87 South
E.M. Holt
East
AltamahawOssipee Alamance
$259,369
$309,200
$ 181,702
$ 104,723
$ 302,617
$553,081
$ 308,764
2,121
1,100
1,646
2,160
542
2,249
2,608
220,703
260,469
310,846
183,862
105,265
304,866
555,689
54 East
Elon Fire
/Rescue
$632,088
$218,582
3,829
635,917
Haw
River
Snow
Camp
June 30,
2008
June 30,
2007
$298,829
$189,555
$ 331,413
$3,689,923
$ 3,369,142
2,103
2,629
2,155
310,867
301,458
191,710
334,078
3,715,730
3,393,765
2,665
635,917
220,703
260,469
1,631
1,059
378
2,034
2,378
1,625
312,477
184,921
105,643
306,900
558,067
312,492
301,458
24,623
191,710
336,540
3,727,297
3,407,077
13,312
3,727,297
3,407,077
2,462
11,567
635,917
220,703
260,469
312,477
184,921
105,643
306,900
558,067
312,492
301,458
191,710
(under)
expenditures
-
-
-
-
-
-
-
-
-
-
-
Fund balances beginning
-
-
-
-
-
-
-
-
-
-
-
Fund balances ending
25,807
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
336,540
$
-
$
-
-
-
-
-
$
Fire District Funds
Exhibit D-4
2008
Budget
Revenues
Ad valorem taxes:
Swepsonville
54 East
Elon Fire / Rescue
Faucette
North Eastern Alamance
North Central Alamance
Eli Whitney/87 South
E.M. Holt
Altamahaw-Ossipee
East Alamance
Haw River
Snow Camp
Total ad valorem taxes
Fireman's relief fund
Swepsonville
Faucette
E.M. Holt
Altamahaw-Ossipee
Snow Camp
Total Fireman's relief fund
$
Total revenues
Expenditures
Current:
Public Safety
Swepsonville
54 East
Elon Fire / Rescue
Faucette
E.M. Holt
Altamahaw-Ossipee
East Alamance
Haw River
Snow Camp
Total expenditures
Fund balances
$
2007
Variance
Positive
(Negative)
Actual
635,917
220,703
260,469
310,846
183,862
105,265
304,866
555,689
310,867
301,458
191,710
334,078
3,715,730
$
635,917
220,703
260,469
310,846
183,862
105,265
304,866
555,689
310,867
301,458
191,710
334,078
3,715,730
$
Actual
-
$
554,309
208,785
259,148
228,278
179,828
88,370
288,784
480,716
303,905
291,866
184,404
325,372
3,393,765
1,631
1,059
378
2,034
2,378
1,625
2,462
11,567
3,727,297
1,631
1,059
378
2,034
2,378
1,625
2,462
11,567
3,727,297
-
4,693
1,745
1,034
567
1,542
1,559
2,172
13,312
3,407,077
635,917
220,703
260,469
312,477
184,921
105,643
306,900
558,067
312,492
301,458
191,710
336,540
3,727,297
-
635,917
220,703
260,469
312,477
184,921
105,643
306,900
558,067
312,492
301,458
191,710
336,540
3,727,297
-
-
559,002
208,785
259,148
230,023
180,862
88,937
290,326
480,716
305,464
291,866
184,404
327,544
3,407,077
-
$
FI - 71
-
$
$
-
Capital Reserve Funds
June 30, 2008
Exhibit D-5
Totals
Schools
ASSETS
Accounts receivable, net
Total assets
FI - 72
FUND BALANCES
Fund balances:
Unreserved:
Designated for improvements
County Buildings
$
452
$
452
$
56,230
$
$
106
56,336
452
365,986
56,230
452
56,336
$
-
Total fund balances
Alamance
Community
College
$
452
365,298
June 30, 2008
$
421,980
June 30, 2007
$
1,582
688
$
$
$
106
$
$
688
$
794
365,298
422,774
365,986
$
$
794
$
422,774
1,582
402,581
404,163
$
422,774
365,986
$
404,163
421,980
56,336
402,581
404,163
With comparative totals for the fiscal year ended June 30, 2007
Exhibit D-6
Totals
Schools
REVENUES
Investment earnings
15
$
2,481
FI - 73
-
$
June 30, 2008
$
-
June 30, 2007
$
16,115
-
-
-
18,611
-
33,172
-
-
2,481
16,115
18,611
33,172
-
Total other financing sources
(uses)
-
Fund Balances:
County Buildings
$
OTHER FINANCING SOURCES
(USES)
Transfers in:
From General Fund
Transfers out:
To General Fund
To Jail Capital Projects Fund
To Facility Maintenance Capital
Projects Fund
Alamance
Community
College
15
$
437
452
$
-
56,336
53,855
-
365,986
$
349,871
-
422,774
$
404,163
-
404,163
370,991
$
Exhibit D-7
2008
Budget
2007
Variance
Positive
(Negative)
Actual
Actual
REVENUES
Investment earnings
Schools
County Buildings
$
Total revenue
5,000
1,000
5,000
11,000
$
15
2,481
16,115
18,611
$
(4,985) $
1,481
11,115
7,611
2
4,441
28,729
33,172
Budgeted surplus
Schools
County Buildings
Revenues and other financing sources
over (under) expenditures and other
financing uses
$
(5,000)
(1,000)
(5,000)
-
5,000
1,000
5,000
-
(11,000)
-
11,000
-
-
18,611
18,611
33,172
Fund Balances:
$
404,163
$
FI - 74
422,774
370,991
$
404,163
Community Development Block Grant Fund
Exhibit D-8
Actual
Project
Authorization
REVENUES
Restricted Intergovernmental:
Scattered Sites Rehabilitation
Program
Program - CDBG
Urgent Repair Program Grant CDBG
CDBG Infrastructure
Investment Earnings - CDBG
Total revenues
$
$
CDBG
Program Rehabilitation
Program Administration
Sewer Improvements
Program Cost
Total CDBG
-
Total to Date
$
-
400,000
$
-
75,000
196,840
1,071,840
400,000
37,500
1,871
39,371
37,500
1,871
439,371
360,000
40,000
400,000
360,000
40,000
400,000
-
360,000
40,000
400,000
(400,000)
(37,500)
(196,840)
1,871
(632,469)
-
360,000
62,200
185,000
75,000
-
5,428
13,384
15,844
29,043
5,428
13,384
15,844
29,043
354,572
48,816
169,156
45,957
682,200
-
63,699
63,699
618,501
63,699
463,699
618,501
(24,328)
(24,328)
(13,968)
400,000
(10,360)
$
$
-
1,082,200
Total expenditures
Revenues over (under)
expenditures
Current Year
400,000
400,000
EXPENDITURES
Program Rehabilitation
Program Administration
Total Scattered Sites Expenditures
OTHER FINANCING SOURCES
(USES)
Transfers in:
From General Fund
Total other financings sources
(uses)
Revenues and other sources over
(under) expenditures
400,000
Total to Date
Variance
Positive
(Negative)
-
10,360
-
10,360
10,360
-
10,360
-
10,360
10,360
-
-
$
-
(13,968) $
Fund Balances:
-
$
FI - 75
(13,968)
(13,968) $
(13,968)
Facility Maintenance Capital Projects Fund
Exhibit E-1
Actual
Project
Authorization
REVENUES
Investment earnings
$
EXPENDITURES
Capital outlay-other:
Board of elections
County jail
County office building
Court annex
Criminal courts
Dental clinic
Human services center-chiller
Human services center
Maintenance shop
Mental health
Parking lots
Pleasant Grove
Old courthouse
Recreation College Street
South annex
Veterans service
Crossroads building
McQueen building
Architect FM 590
Miscellaneous
Total expenditures
Transfers in:
From General Fund
From County Building Fund
Revenues and other sources over (under)
expenditures
$
Prior Years
-
$
2,406
Current Year
$
Variance
Positive
(Negative)
Total to Date
(2,073) $
333
$
333
8,201
54,056
45,948
18,471
4,942
15,000
21,864
18,966
19,761
63,165
33,946
457
94,184
275,000
1,750
371
135,829
69,723
77,500
70,000
8,201
45,948
18,471
4,942
15,000
21,864
18,966
19,761
63,165
33,946
457
54,294
113,821
1,750
371
24,138
69,723
-
49,739
39,890
161,171
74,145
68,456
8,201
49,739
45,948
18,471
4,942
15,000
21,864
18,966
19,761
63,165
33,946
457
94,184
274,992
1,750
371
98,283
69,723
68,456
4,317
8
37,546
77,500
1,544
1,029,134
514,818
393,401
908,219
120,915
(1,029,134)
(512,412)
(395,474)
(907,886)
121,248
529,134
529,134
-
529,134
-
500,000
500,000
-
500,000
-
1,029,134
1,029,134
-
1,029,134
-
-
$
516,722
(395,474) $
Fund balances:
516,722
$
FI - 76
121,248
121,248
$
121,248
Justice Facility Capital Projects Fund
Exhibit E-2
Actual
Project
Authorization
REVENUES
Total revenues
$
EXPENDITURES
Old Courthouse:
Architect
Jail expansion:
Professional services
Total expenditures
Prior Years
-
$
Current Year
2
$
Variance
Positive
(Negative)
Total to Date
(2) $
-
$
-
16,625
16,659
-
16,659
(34)
30,000
29,620
-
29,620
380
46,625
46,279
-
46,279
346
(46,625)
(46,277)
(46,279)
346
(2)
Transfers in:
From County Buildings Capital Reserve
Fund for:
Old Courthouse
Jail expansion
16,625
16,625
-
16,625
-
30,000
30,000
-
30,000
-
Total other financings sources (uses)
46,625
46,625
-
46,625
-
expenditures
$
-
$
348
(2) $
Fund balances:
348
$
FI - 77
346
346
$
346
Jail Expansion Capital Projects Fund
Exhibit E-3
Page 1 of 2
Actual
Project
Authorization
REVENUES
Investment earnings
Miscellaneous
Total revenues
EXPENDITURES
Jail expansion:
Professional service
Architect
Supplies-small tools, equipment
Capital outlay-furniture and fixtures
Construction
Capital outlay-other improvements
Miscellaneous
Total jail expansion
Graham prison unit:
Architect
Supplies-small tools, equipment
Capital outlay-equipment
Construction
Capital outlay-safety vestibule
Total Graham prison unit
$
Prior Years
38,529
2,428
$
39,699
2,428
Current Year
$
Variance
Positive
(Negative)
Total to Date
(750) $
-
38,949
2,428
(750)
41,377
$
420
-
40,957
42,127
420
57,221
679,453
107,025
63,610
11,361,312
4,702
200
57,221
679,453
125,523
63,610
11,622,072
4,505
200
-
57,221
679,453
125,523
63,610
11,622,072
4,505
200
(18,498)
(260,760)
197
-
12,273,523
12,552,584
-
12,552,584
(279,061)
408
71,235
24,466
26,713
512,103
15,543
408
71,235
24,466
26,713
512,103
15,543
-
408
71,235
24,466
26,713
512,103
15,543
-
650,468
650,468
-
650,468
-
20,620
74,250
20,620
74,250
-
20,620
74,250
-
94,870
94,870
-
94,870
-
13,018,861
13,297,922
-
13,297,922
(279,061)
(12,977,904)
(13,255,795)
(13,256,545)
(278,641)
Jail chiller/fire alarm:
Architect
Chiller replacement
Total chiller/fire alarm
Total expenditures
FI - 78
(750)
Jail Expansion Capital Projects Fund
Exhibit E-3
Page 2 of 2
Actual
Project
Authorization
OTHER FINANCINGS SOURCES (USES)
Transfers in:
From General Fund
From County Building Capital Reserve
Fund
Issuance of installment loan
2,822,310
expenditures
Prior Years
$
3,118,680
200,000
(44,406)
10,000,000
10,000,000
12,977,904
13,274,274
-
Current Year
200,000
(44,406)
$
-
3,118,680
-
200,000
(44,406)
10,000,000
(750) $
Fund balances:
18,479
$
FI - 79
Total to Date
-
18,479
17,729
Variance
Positive
(Negative)
(296,370)
-
13,274,274
17,729
(296,370)
$
17,729
EMS Capital Projects Fund
Exhibit E-4
Actual
Project
Authorization
REVENUES
Investment earnings
Total revenues
$
EXPENDITURES
Architect
Supplies - small tools
Maintenance and repair
Capital outlay-landscaping
Capital outlay-equipment
General construction
Contingency
-
Prior Years
$
91,000
30,000
37,744
30,000
10,000
1,001,256
Current Year
$
87,706
26,460
160,226
-
Total expenditures
3,677
3,677
(3,399) $
(3,399)
1,431
1,601
23,202
9,865
817,455
-
278
278
$
89,137
28,061
23,202
9,865
977,681
-
278
278
1,863
1,939
14,542
20,135
10,000
23,575
-
-
1,200,000
274,392
(1,200,000)
(270,715)
Transfers in:
From General Fund
1,200,000
1,200,000
-
1,200,000
-
1,200,000
1,200,000
-
1,200,000
-
expenditures
$
-
$
853,554
Variance
Positive
(Negative)
Total to
Date
929,285
(856,953) $
Fund balances:
929,285
$
FI - 80
1,127,946
72,054
(856,953) (1,127,668)
72,332
72,332
72,332
$
72,332
Alamance Community College Capital Projects Fund
Exhibit E-5
Actual
Project
Authorization
REVENUES
Investment earnings
$
EXPENDITURES
General construction-ACC
Bond issuance cost
Glass replacement
General construction-Allied Health Bldg.
Total expenditures
Transfers in:
From General Fund
From ACC Capital Reserve Fund
Transfers out:
To General Fund
Proceeds of bond sale
expenditures
$
Prior Years
-
$
359,693
Current Year
Total to Date
$
$
147,334
507,027
Variance
Positive
(Negative)
$
507,027
4,500,000
45,529
300,000
7,500,000
4,500,000
43,849
300,000
3,916,586
2,947,562
4,500,000
43,849
300,000
6,864,148
1,680
635,852
12,345,529
8,760,435
2,947,562
11,707,997
637,532
(12,345,529)
(8,400,742)
(2,800,228)
(11,200,970)
1,744,500
300,000
1,744,500
300,000
-
1,744,500
300,000
-
(1,744,500)
12,045,529
(1,744,500)
12,045,529
-
(1,744,500)
12,045,529
-
12,345,529
12,345,529
-
12,345,529
-
-
$
3,944,787
(2,800,228) $
Fund balances:
3,944,787
$
FI - 81
1,144,559
1,144,559
(1,144,559)
$
1,144,559
Dental Clinic Expansion Capital Projects Fund
Exhibit E-6
Actual
Project
Authorization
REVENUES
Investment earnings
Total revenues
$
EXPENDITURES
Architect
Capital outlay-land
Capital outlay-renovation
General construction
Total expenditures
Transfers out:
To General Fund
Transfers in:
From General Fund
From Landfill Enterprise Fund
-
$
$
7
7
Current Year
Total to Date
$
$
7
7
14
14
$
14
14
10,000
289,060
6,228
8,588
289,060
1,208
-
8,588
289,060
1,208
1,412
5,020
212,272
209,085
-
209,085
3,187
517,560
507,941
-
507,941
9,619
(517,560)
(507,934)
(507,927)
9,633
-
expenditures
Prior Years
Variance
Positive
(Negative)
7
-
-
-
-
80,000
437,560
80,000
437,560
-
80,000
437,560
-
517,560
517,560
-
517,560
-
-
$
9,626
7
Fund balances:
9,626
$
FI - 82
9,633
$
9,633
$
9,633
Comparative Statement of Net Assets
For June 30, 2008 and 2007
Exhibit F-1
June 30, 2007
June 30, 2008
Assets:
Current assets:
Receivables, (net)
Prepaid warranty
Restricted assets:
Capital assets:
Land
Buildings
Accumulated depreciation - buildings
Other improvements
Accumulated depreciation - other improvements
Equipment
Accumulated depreciation - equipment
$
Liabilities and Net Assets
Accounts payable
Accrued landfill closure and postclosure care
9,509,105
456,715
19,500
9,985,320
304,791
2,169,687
314,884
(53,443)
9,910,383
(5,517,188)
2,586,360
(526,608)
4,217,180
2,169,687
221,818
(46,911)
9,896,422
(5,332,439)
1,948,806
(339,907)
4,217,180
13,101,255
12,734,656
$
24,764,960
$
23,024,767
$
95,693
37,020
1,000
$
31,752
Total current liabilities
Non-current liabilities:
Accrued landfill closure and postclosure care costs
Total non-current liabilities
Total liabilities
Net assets:
Restricted
Unrestricted
21,529
133,713
53,281
7,343,928
7,291
7,505,132
30,146
7,351,219
7,535,278
7,484,932
7,588,559
13,101,255
312,844
3,865,929
12,734,656
304,791
2,396,761
17,280,028
Total net assets
Total liabilities and net assets
$
312,844
Total capital assets (net of accumulated depreciation)
Total assets
11,015,864
317,781
17,216
11,350,861
$
FI - 84
24,764,960
15,436,208
$
23,024,767
Schedule of Revenues and Expenditures - Budget and Actual (Non-GAAP)
Exhibit F-2
Page 1 of 2
2008
Budget
Revenues
Operating revenues:
Landfill user charges
Miscellaneous
$
Non-operating revenues:
White goods grant
Scrap tire disposal grant
Total non-operating revenues
Total revenues
Expenditures
Environmental protection:
Landfill:
Administration:
Fixed charges and other expenditures
Operations:
Personal services
Supplies and materials
2007
Variance
Positive
(Negative)
Actual
$
Actual
2,238,575
737,859
$ 3,279,974
398,282
1,041,399 $
(339,577)
2,976,434
3,678,256
701,822
3,608,655
250,000
-
386,690
54,889
136,690
54,889
485,558
98,101
65,609
250,000
441,579
191,579
649,268
3,226,434
4,119,835
893,401
4,257,923
122,105
122,105
945,807
32,236
546,276
726,160
867,584
32,001
478,343
565,567
78,223
235
67,933
160,593
816,402
25,789
386,205
554,705
-
3,309,942
298,713
83,537
2,250,479
1,943,495
306,984
1,783,101
Total environmental protection
Budgetary appropriations:
Austin Quarter landfill capital outlay
Other capital outlay
Principal on bonds
Interest on bonds
Bond service charges
2,372,584
2,065,600
306,984
1,866,638
1,028,496
5,000
744,582
-
283,914
5,000
768,194
376,107
14,362
-
Total budgetary appropriations
1,033,496
744,582
288,914
1,158,663
Total operations
3,406,080
Total expenditures
(179,646)
Transfer (to) from General Fund
Total other financings sources over (under)
expenditures and other financing uses
$
2,810,182
595,898
3,025,301
1,309,653
1,489,299
1,232,622
179,646
-
(179,646)
(1,729,134)
-
179,646
-
(179,646)
(1,729,134)
-
FI - 85
$ 1,309,653
$
1,309,653
$
(496,512)
Exhibit F-2
Page 2 of 2
2008
Budget
Reconciliation from Budgetary Basis (Modified Accrual) to
Full Accrual
Excess of revenues over (under) expenditures
2007
Variance
Positive
(Negative)
Actual
$
1,309,653
Actual
$
1,232,622
Reconciling items:
744,582
-
Capital outlays
Bond principal
Additional allocated insurance costs
Amortization of bond issue costs
Decrease (increase) in accrued interest on bonds
768,194
376,107
(2,654)
-
Decrease (increase) in accrued landfill closure and
postclosure care costs
Decrease (increase) in compensated absences payable
Transfer (to) from General Fund
9,482
160,204
(168,817)
7,364
(15,579)
-
Depreciation
(1,729,134)
(377,983)
Total reconciling items
(408,120)
534,167
$
FI - 86
1,843,820
(1,170,521)
$
62,101
Internal Service Funds
June 30, 2008
With comparative actual amounts for June 30, 2007
Exhibit G-1
2008
Employee
Insurance
Fund
ASSETS
Current assets:
Receivables, net
LIABILITIES
Accounts payable
NET ASSETS
Unrestricted
Total
June 30,
2008
Employee
Insurance
Fund
983,527
1,741
$ 7,484,768
100,458
$ 4,234,222
99,819
6,599,958
985,268
7,585,226
550,923
59,562
925,706
$ 6,501,241
98,717
$ 6,049,035
Worker's
Compensation
Fund
2007
$
$
Worker's
Compensation
Fund
589,342
2,200
$ 4,823,564
102,019
4,334,041
591,542
4,925,583
610,485
562,307
30,305
592,612
$ 6,974,741
$ 3,771,734
561,237
$ 4,332,971
FI - 87
$
Total
June 30,
2007
$
Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets
2008
Employee
Insurance
Fund
REVENUES
Operating revenues:
Premiums
Excess claims
reimbursements
EXPENSES
Operating expenses:
Cost of services
Administration
Total operating expenses
Investment earnings
Total non-operating
revenue
Total other financing
sources (uses)
Total net assets - July 1
Total net assets - June 30
Total
June 30,
2008
Employee
Insurance
Fund
805,226
$ 9,484,188
$ 8,378,764
2,008
205,908
207,916
4,796
8,680,970
1,011,134
9,692,104
8,383,560
678,999
9,062,559
6,643,058
39,000
660,019
17,000
7,303,077
56,000
5,855,822
39,000
473,103
17,000
6,328,925
56,000
6,682,058
677,019
7,359,077
5,894,822
490,103
6,384,925
1,998,912
334,115
2,333,027
2,488,738
188,896
2,677,634
278,389
36,854
315,243
277,665
36,163
313,828
278,389
36,854
315,243
277,665
36,163
313,828
$ 8,678,962
Worker's
Compensation
Fund
Exhibit G-2
2007
$
Worker's
Compensation
Fund
$
678,999
-
Total
June 30,
2007
$ 9,057,763
4,796
-
(6,500)
(6,500)
-
-
-
-
(6,500)
(6,500)
-
-
-
2,277,301
3,771,734
$ 6,049,035
$
364,469
561,237
2,641,770
4,332,971
2,766,403
1,005,331
925,706
$ 6,974,741
$ 3,771,734
FI - 88
$
225,059
336,178
2,991,462
1,341,509
561,237
$ 4,332,971
Combining Statement of Cash Flows
2008
Employee
Worker's
Insurance
Compensation
Fund
Fund
Cash flows from operating activities:
Cash received from participants
Cash received from claims
reimbursements
Cash paid for goods and services
Net cash provided (used) by operating
activities
Cash flows from investing activities:
Cash flows from financing activities:
Transfer to general fund
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents:
Reconciliation of operating income to net
cash provided (used) by operations:
Adjustments to reconcile operating income
to net cash provided (used) by operations:
Changes in assets and liabilities:
(Increase) decrease in
accounts receivable
Increase (decrease) in
accounts payable
Net cash provided (used) by
operating activities
$ 8,682,603
$
805,226
Exhibit G-3
2007
Total
June 30,
2008
Employee
Insurance
Fund
$ 9,487,829
$ 8,378,393
Worker's
Compensation
Fund
$
678,999
Total
June 30,
2007
$ 9,057,392
2,008
(6,693,442)
205,908
(647,762)
207,916
(7,341,204)
4,796
(5,924,860)
(554,318)
4,796
(6,479,178)
1,991,169
363,372
2,354,541
2,458,329
124,681
2,583,010
275,850
37,313
313,163
268,235
36,232
304,467
-
(6,500)
(6,500)
-
-
-
2,267,019
394,185
2,661,204
2,726,564
160,913
2,887,477
4,234,222
589,342
4,823,564
1,507,658
428,429
1,936,087
$ 6,501,241
$
983,527
$ 7,484,768
$ 4,234,222
$
589,342
$ 4,823,564
$ 1,998,912
$
334,115
$ 2,333,027
$ 2,488,738
$
188,896
$ 2,677,634
3,641
-
3,641
(371)
(11,384)
29,257
17,873
(30,038)
363,372
$ 2,354,541
$ 1,991,169
$
FI - 89
$ 2,458,329
(64,215)
$
124,681
(371)
(94,253)
$ 2,583,010
Employee Insurance Fund
2008
Actual
Budget
Revenues
Operating revenues:
Premiums
Excess claims reimbursements
$
Investment earnings
Total revenues
Expenditures
Administration:
Operations:
Personal services
Total operations
Total expenditures
Other financing sources
Budgeted surplus
8,959,589
8,959,589
$
Exhibit G-4
2007
Actual
Variance
8,678,962
2,008
8,680,970
$
(280,627) $
2,008
(278,619)
40,000
278,389
8,999,589
8,959,359
39,000
39,000
8,948,589
-
6,635,194
-
2,313,395
-
5,850,075
-
12,000
7,864
4,136
5,747
8,960,589
6,643,058
2,317,531
5,855,822
8,999,589
-
6,682,058
2,277,301
2,317,531
2,277,301
5,894,822
2,766,403
-
238,389
8,378,764
4,796
8,383,560
277,665
(40,230)
8,661,225
-
-
39,000
-
-
Revenues and other financing sources over
(under) expenditures
$
-
$
2,277,301
$
2,277,301
$
2,277,301
$
2,277,301
$
2,766,403
$
2,766,403
$
2,766,403
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual
Reconciling items:
None
Net income (loss)
-
FI - 90
-
Worker's Compensation Fund
2008
Actual
Budget
Revenues
Operating revenues:
Premiums
Excess claims reimbursements
$
795,000
$
795,000
Investment earnings
Total revenues
Expenditures
Administration:
Operations:
Personal services
Total operations
Total expenditures
Exhibit G-5
2007
Actual
Variance
805,226
$
205,908
1,011,134
10,226
$
678,999
205,908
216,134
678,999
10,000
36,854
26,854
36,163
805,000
1,047,988
242,988
715,162
17,000
17,000
780,000
658,158
-
17,000
121,842
469,522
1,850
1,861
781,850
660,019
121,831
473,103
798,850
677,019
121,831
490,103
6,150
370,969
364,819
225,059
(11)
3,581
Encumbered fund balance
(6,500)
350
(6,500)
-
-
-
(6,150)
(6,500)
350
-
-
-
350
-
Revenues and other financing sources
over (under) expenditures
$
-
$
364,469
$
364,469
$
364,469
$
225,059
$
225,059
Reconciliation from Budgetary Basis
(Modified Accrual) to Full Accrual
Reconciling items:
None
Net income (loss)
$
FI - 91
364,469
$
225,059
Fiduciary Funds
June 30, 2008
Assets
Receivables, net
Total assets
Liabilities and Net Assets
Liabilities:
Accounts payable
Exhibit H-1
Private Purpose Trust
Funds
Indigent
General
Trust Fund
Trust Fund
June 30, 2008
$
421,161
378
$
57,816
75
$
478,977
453
$
443,366
225
$
421,539
$
57,891
$
479,430
$
443,591
$
11,477
$
2,480
$
13,957
$
14,240
Net Assets:
Assets held in trust for beneficiaries
Total liabilities and net assets
410,062
$
421,539
Totals
55,411
$
57,891
FI - 94
June 30, 2007
465,473
$
479,430
429,351
$
443,591
Private Purpose Trust Funds
Combining Statement of Changes in Net Assets
Exhibit H-2
Totals
Indigent Trust
Fund
Additions
Permits and fees
Investment earnings
Inmate and health deposits
$
Total additions
Deductions
Current:
Human services
Net assets
Total net assets - July 1
Total net assets - June 30
$
442,165
378
-
General Trust
Fund
$
22,250
1,003
893,490
June 30, 2008
$
442,165
22,250
1,381
893,490
June 30, 2007
$
360,972
27,825
1,911
456,319
442,543
916,743
1,359,286
847,027
394,020
929,144
1,323,164
872,070
48,523
(12,401)
36,122
(25,043)
361,539
67,812
429,351
454,394
410,062
FI - 95
$
55,411
$
465,473
$
429,351
Agency Funds
Combining Statement of Assets and Liabilities
June 30, 2008
Exhibit H-3
Totals
Village of
Alamance
Fund
AltamahawTown of
Ossipee
Haw River
Sanitary
Fund
District Fund
Town of
Green
Level
Fund
City of
Graham
Fund
City of
Burlington
Fund
Town of
Elon Fund
City of
Mebane
Fund
Town of
Gibsonville
Fund
June 30, 2008
June 30, 2007
$
1,594
$ 24,120
$
1,633
$41,090
$117,738
$487,492
$19,328
$ 71,237
$ 16,573
$
$
Intergovernmental payable $
1,594
$ 24,120
$
1,633
$41,090
$117,738
$487,492
$19,328
$ 71,237
$ 16,573
$
$
Assets
Liabilities
FI - 96
780,805
741,019
780,805
741,019
Agency Funds
Combining Statement of Changes in Assets and Liabilities
Balance
July 1, 2007
Village of Alamance Fund
Assets
Total assets
Liabilities
Town of Haw River Fund
Assets
Total assets
Liabilities
Altamahaw-Ossipee Sanitary District Fund
Assets
Total assets
Liabilities
Town of Green Level Fund
Assets
Total assets
Liabilities
City of Graham Fund
Assets
Total assets
Liabilities
Additions
Deductions
Exhibit H-4
Page 1 of 3
Balance
June 30, 2007
$
2,151
$
165,897
$
166,454
$
1,594
$
2,151
$
165,897
$
166,454
$
1,594
$
2,151
$
165,897
$
166,454
$
1,594
$
17,704
$
612,923
$
606,507
$
24,120
$
17,704
$
612,923
$
606,507
$
24,120
$
17,704
$
612,923
$
606,507
$
24,120
$
1,457
$
34,327
$
34,151
$
1,633
$
1,457
$
34,327
$
34,151
$
1,633
$
1,457
$
34,327
$
34,151
$
1,633
$
34,908
$
215,868
$
209,686
$
41,090
$
34,908
$
215,868
$
209,686
$
41,090
$
34,908
$
215,868 $
144737
209,686
$
41,090
$
112,298
$
500,291
$
494,851
$
117,738
$
112,298
$
500,291
$
494,851
$
117,738
$
112,298
$
500,291
$
494,851
$
117,738
FI - 97
Agency Funds
Balance
July 1, 2007
City of Burlington Fund
Assets
Total assets
Liabilities
Town of Elon Fund
Assets
Total assets
Liabilities
City of Mebane Fund
Assets
Total assets
Liabilities
Town of Gibsonville Fund
Assets
Total assets
Additions
Deductions
Exhibit H-4
Page 2 of 3
Balance
June 30, 2008
$
465,830
$
2,160,621
$
2,138,959
$
487,492
$
465,830
$
2,160,621
$
2,138,959
$
487,492
$
465,830
$
2,160,621
$
2,138,959
$
487,492
$
21,396
$
178,153
$
180,221
$
19,328
$
21,396
$
178,153
$
180,221
$
19,328
$
21,396
$
178,153
$
180,221
$
19,328
$
69,144
$
377,485
$
375,392
$
71,237
$
69,144
$
377,485
$
375,392
$
71,237
$
69,144
$
377,485
$
375,392
$
71,237
$
16,131
$
129,599
$
129,157
$
16,573
$
16,131
$
129,599
$
129,157
$
16,573
Liabilities
$
16,131
$
129,599
$
129,157
$
16,573
Fines and Forfeitures Fund
Assets
$
-
$
1,042,185
$
1,042,185
$
-
$
-
$
1,042,185
$
1,042,185
$
-
$
-
$
1,042,185
$
1,042,185
$
-
Total assets
Liabilities
FI - 98
Agency Funds
Balance
July 1, 2007
3% DMV Interest Fund
Assets
Total assets
Liabilities
Total Agency Funds
Assets
Total assets
Liabilities
Additions
Deductions
Exhibit H-4
Page 3 of 3
Balance
June 30, 2008
$
-
$
97,206
$
97,206
$
-
$
-
$
97,206
$
97,206
$
-
$
-
$
97,206
$
97,206
$
-
$
741,019
$
1,139,391
4,375,164
$
1,139,391
4,335,378
$
780,805
$
741,019
$
5,514,555
$
5,474,769
$
780,805
$
741,019
$
4,375,164
$
4,335,378
$
780,805
FI - 99
Capital Assets Used in the Operation of Governmental Funds
Comparative Schedules By Source
For the fiscal years ended June 30, 2008 and June 30, 2007
Exhibit I-1
2007
2008
Governmental funds capital assets
Land
Buildings
Improvements other than buildings
Equipment
Vehicles and motorized equipment
Library books
Library audio-visual materials
Infrastructure
Total governmental funds capital assets
Investments in governmental funds capital assets by source
General fund
Capital projects funds
Donations
HAVA Voting Machines
Reversions to County under GS 131-E
Total governmental funds capital assets
FI - 102
$
2,561,292
52,068,593
978,572
7,732,940
6,367,107
3,299,800
294,666
158,649
1,999,380
$
2,486,716
52,068,593
873,724
7,112,724
5,956,292
3,266,161
257,435
158,649
819,209
$
75,460,999
$
72,999,503
$
22,017,951
37,474,542
3,088,373
611,512
12,268,621
$
20,736,626
36,294,371
3,088,373
611,512
12,268,621
$
75,460,999
$
72,999,503
Exhibit I-2
Page 1 of 2
June 30, 2007
Land
Buildings
Improvements
Other Than
Buildings
Equipment
Library Books
Library AudioVisual Materials
Infrastructure
Construction In
Progress
$
$
Total
Function and Activity
General government:
FI - 103
Administration
Human Resources
Finance
Tax Administration
Revaluation
Legal
Court facilities
District attorney
Elections
Register of deeds
Central services:
Management information
systems
Word processing
Printing
Public buildings
Other-unclassified
Total general government
Public safety:
Sheriff
Jail
Emergency management
Fire
SARA management
Inspections
Vice unit
Emergency medical services
Animal control
Central communications
Other-unclassified
Total public safety
Transportation
Transportation 104F
$
27,000
9,856
$
63,003
39,326
227,038
$
4,222
10,834
$
12,605
12,122
100,612
1,029,828
30,050
8,886
91,683
3,997
919,124
80,801
$
-
$
-
-
-
$
12,605
12,122
100,612
1,029,828
30,050
8,886
185,908
3,997
958,450
328,529
180,000
597,219
7,135,568
2,484,935
431,577
-
943,607
14,371
38,073
194,453
9,430
-
-
-
-
943,607
14,371
38,073
7,941,598
814 075
814,075
9 949,8
9,949
870
70
4
446
46,6
633
33
3 489 642
3,489,642
-
-
-
-
14
14,700,220
700 220
183,689
353,957
35,370
-
121,226
19,402,387
502,058
441,962
51,436
115,787
2,100
335,122
-
4,218,098
505,541
301,577
364,289
81,149
13,667
79,552
2,178,438
98,168
552,151
-
--
--
4,341,424
3,091,584
20,426,739
655,534
866,347
81,149
13,667
79,552
2,620,400
184,974
667,938
573,016
-
72,560
20,707,416
-
337,222
-
3,627
-
-
8,396,257
-
-
4,085
-
30,013,911
76,187
-
-
-
-
-
-
4,085
Exhibit I-2
Page 2 of 2
June 30, 2007
Land
development
Agricultural extension
Soil conservation
Buildings
7,660
161,792
-
Total economic and physical
development
Human services:
Health
Dental clinic program
Social services
Mental health
Other-unclassified
Improvements
Other Than
Buildings
-
Equipment
Library Books
Library AudioVisual Materials
-
17,115
-
-
-
39,242
-
-
-
56,357
-
-
573,873
127,750
574,045
12,000
-
---
-
-
7,660
161,792
19,596
63,504
19,596
147,321
439,075
633,404
293,176
2,564,756
18,348
99,001
-
-
--
39,242
225,809
-
FI - 104
507,170
16,906,423
757,187
20,836,834
117,349
1,287,668
Recreation
Library
409,354
-
412,681
-
77,368
-
259,839
606,199
3,299,800
294,666
158,649
-
409,354
412,681
77,368
866,038
3,299,800
294,666
-
158,649
-
Total governmental fundscapital
assets
-
-
-
-
-
--
Construction In
Progress
-
Total human services
Total cultural and recreational
-
Infrastructure
2,561,292
$
52,068,593
$
978,572
$
14,100,047
$
3,299,800
$
294,666
-
158,649 $
-1,999,380
1,999,380
$
5,518,556
1,999,380
1,050,892
824,658
985,818
2,724,077
22,999,038
$
186,567
17,413,593
1,317,891
4,200,665
$
Total
75,460,999
Exhibit I-3
Page 1 of 2
Governmental
Funds Capital
Assets
June 30, 2008
Governmental
Funds Capital
Assets
July 1, 2007
Function and Activity
General government:
Administration
Human Resources
Finance
Tax administration
Revaluation
Legal
Court facilities
District attorney
Elections
Register of deeds
Central services:
Management information
systems
Word processing
Printing
Public buildings
Other-unclassified
Total general government
Public safety:
Sheriff
Jail
Emergency management
Fire
SARA management
Inspections
Vice unit
Emergency medical services
Animal control
Central communications
Other-unclassified
$
Additions
12,605
12,121
100,612
1,021,081
21,050
8,886
185,908
3,997
754,161
319,206
$
-
$
12,605
12,121
100,612
1,029,828
30,050
8,886
185,908
3,997
958,451
328,529
72,225
29,574
-
943,607
14,371
38,073
7,941,599
3,091,584
-
-
3,091,584
-
14,700,221
14,367,062
333,159
3,901,746
20,351,281
590,903
866,347
81,148
13,667
79,552
2,483,589
184,973
667,937
647,498
140,089
327,031
-
76,187
29,297,330
Transportation
Transportation 104F
4,085
Total economic and physical
development
8,747
9,000
204,290
9,323
871,382
14,371
38,073
7,912,025
Total public safety
development
Agricultural extension
Soil conservation
$
Deductions
1,114,618
-
207,819
190,219
398,038
4,341,425
20,491,370
590,903
866,347
81,148
13,667
79,552
2,620,401
184,973
667,937
76,187
30,013,910
-
4,085
186,567
-
-
186,567
39,242
-
-
39,242
225,809
-
-
225,809
FI - 105
Exhibit I-3
Page 2 of 2
Governmental
Funds Capital
Assets
June 30, 2008
Governmental
Funds Capital
Assets
July 1, 2007
Human services:
Health
Dental clinic program
Social services
Mental health
Other-unclassified
Additions
Deductions
1,036,705
789,596
975,817
2,718,255
17,407,415
14,188
35,062
10,000
12,000
-
-
1,050,893
824,658
985,817
2,730,255
17,407,415
Total human services
22,927,788
71,250
-
22,999,038
Recreation
Library
1,238,915
4,119,305
80,926
376,158
1,950
294,798
1,317,891
4,200,665
5,358,220
457,084
296,748
5,518,556
819,209
1,180,171
Total cultural and recreational
Total governmental funds capital
assets
$
72,999,503
$
FI - 106
3,156,282
$
694,786
1,999,380
$
75,460,999
Exhibit J-1
Description
FI - 108
General Obligation Bonds:
Refunding Bonds 1998
99 Local School Bonds
Refunding Series 2003
06 Series 1 School Bonds
06 Series 2 School Bonds
06 Series 2 ACC Bonds
Community College 2003
Total General Obligation Bonds
Other Long-Term Debt:
Clean Water Revolving loan
Installment Purchases
Capitalized Equipment Leases
Accrued landfill costs
Total other long-term debt
Total Governmental Long-Term Debt
Date of
Issue
Interest
Rate
12/1/1998
2/1/1999
9/1/2003
1/1/2006
10/1/2006
10/1/2006
9/1/2003
4.00%
4.30%
3.00%
4.00%
4.00%
4.00%
5.00%
Debt
Outstanding
6/30/2007
Amount
Issued
$
7,865,000
25,000,000
13,405,000
22,000,000
14,538,656
7,500,000
4,500,000
$
3,310,000
17,000,000
10,055,000
21,400,000
14,530,000
7,500,000
3,950,000
Net
Additions
(Retirements)
(730,000) $
(1,000,000)
(1,105,000)
(600,000)
(461,689)
(238,312)
(200,000)
2,580,000
16,000,000
8,950,000
20,800,000
14,068,312
7,261,689
3,750,000
77,745,000
(4,335,000)
73,410,000
135,464
11,935,838
520,309
540,833
1,954,757
7,505,132
(45,155)
(1,122,258)
(336,586)
17,944
157,986
(160,204)
90,309
10,813,580
183,723
558,777
2,112,743
7,344,928
22,592,333
(1,488,273)
21,104,060
(5,823,273) $
94,514,060
$ 100,337,333
$
Debt
Outstanding
6/30/2008
$
Schedule of Long-Term Maturities and
Annual Debt Service Requirements for Governmental Activities
Exhibit J-2
Public Schools
Bonded Debt
Fiscal Year
Ended
June 30
Principal
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019-2023
2024-2027
$ 4,300,000
4,260,000
4,240,000
4,205,000
4,215,000
21,220,000
4,185,000
4,775,000
4,300,000
4,500,000
22,250,000
7,730,000
Total Bonded
Debt
90,180,000
Other
Principal
and Interest
$
Principal
and Interest
Principal
7,402,801
7,196,650
6,994,251
6,789,210
6,625,536
35,008,446
6,421,936
6,822,686
6,145,935
6,152,686
26,616,800
8,237,068
$
-
130,414,000
Total
$
Principal
-
$
4,300,000
4,260,000
4,240,000
4,205,000
4,215,000
21,220,000
4,185,000
4,775,000
4,300,000
4,500,000
22,250,000
7,730,000
Principal
and Interest
$
7,402,801
7,196,650
6,994,251
6,789,210
6,625,536
35,008,446
6,421,936
6,822,686
6,145,935
6,152,686
26,616,800
8,237,068
-
-
90,180,000
130,414,000
Other Long-Term Debt:
Total capitalized leases and installment purchases
2009
2010
2011
2012
2013-2017
2018-2020
Total LongTerm Debt
-
-
1,297,683
1,040,001
1,009,543
1,024,198
4,946,895
1,724,138
1,761,907
1,497,619
1,376,528
1,347,011
5,878,458
1,834,828
1,297,683
1,040,001
1,009,543
1,024,198
4,946,895
1,724,138
1,761,907
1,497,619
1,376,528
1,347,011
5,878,458
1,834,828
-
-
11,042,457
13,696,351
11,042,457
13,696,351
$90,180,000
$130,414,000
$ 11,042,457
$ 13,696,351
$ 101,222,457
$144,110,350
FI - 109
General Fund
Schedule of Ad Valorem Taxes Receivable
Uncollected
Balance
June 30, 2007
Fiscal Year
2007-2008
2006-2007
2005-2006
2004-2005
2003-2004
2002-2003
2001-2002
2000-2001
1999-2000
1998-1999
1997-1998
Additions
Collections and
Credits
1,727,646
528,350
236,597
159,536
140,443
101,612
95,491
86,248
77,370
82,438
$
61,198,987
-
$
59,202,640
1,252,976
242,628
46,986
24,046
9,593
5,258
2,914
2,176
2,279
82,438
$
3,235,731
Less allowance for uncollectible ad valorem taxes receivable
Ad valorem taxes receivable (net)
$
61,198,987
$
60,873,934
$
Total
Exhibit K-1
Uncollected
Balance
June 30, 2008
$
1,996,347
474,670
285,722
189,611
135,490
130,850
96,354
92,577
84,072
75,091
3,560,784
1,308,235
$
2,252,549
$
60,436,464
355,032
Reconciliation with revenues
Ad valorem taxes collected
Releases and adjustments
Amount written off for tax year 1997-1998
per statute of limitations
82,438
Total collections and credits
$
FI - 112
60,873,934
County-wide Levy
Analysis of Current Tax Levy
County-wide
Rate 1
Amount of
Levy
0.5800
$ 58,963,460
0.5750
2,224,206
62,298
62,298
2,224,206
-
10,552,932,294
61,249,964
54,913,886
6,336,078
21,767,502
-
89,195
9,259
78,160
9,259
11,035
-
Property Valuation
Original levy:
Property taxed at current year's rate $ 10,166,113,794
Motor vehicles taxes at prior year's
rate
386,818,500
Penalties
Total original levy
Discoveries:
Current year taxes
Penalties
Total discoveries
Abatements
Total property valuation
$
54,851,588
$
4,111,872
21,767,502
98,454
87,419
11,035
(23,621,964)
(149,431)
(86,606)
(62,825)
$ 10,551,077,832
Net levy
Uncollected taxes at June 30, 2008
Current year's taxes collected
61,198,987
54,914,699
6,284,288
1,996,347
1,105,605
890,742
$ 59,202,640
Current levy collection percentage
1
Exhibit K-2
Total Levy
Property
Excluding
Registered
Registered
Motor Vehicles
Motor Vehicles
96.74%
- Rate is in dollars per $100 of assessed valuation
FI - 113
$
53,809,094
97.99%
$
5,393,546
85.83%
County-wide Levy
Analysis of Current Tax Levy
Exhibit K-2a
Secondary Market Disclosures
Assessed valuation:
Assessment ratio (1)
Real property
Personal property
Public service companies (2)
$
$
Total assessed valuation
100%
8,154,319,934
2,131,761,570
264,996,328
10,551,077,832
0.5800
Tax rate per $100
Levy (includes discoveries, releases, and abatements) (3)
$
61,198,987
$
3,686,574,256
In addition to the County-wide rate, the following table lists the levies by the County on
behalf of fire protection districts for the fiscal year ended June 30
Fire Protection Districts
(1) - Percentage of appraised value has been established by statute.
(2) - Valuation of railroads, telephone companies and other utilities as determined by the
North Carolina Property Tax Commission.
(3) - The levy includes late listing penalties.
FI - 114
Ten Largest Taxpayers
Exhibit K-2b
2008 Assessed
Valuation
Taxpayer
Type of Business
Duke Energy Corp.
Laboratory Corp. of America
GKN Automotive
Honda Power Equipment Mfg., Inc.
BellSouth Tel. Co.
Liggett Group LLC
Burlington Mall LLC
Piedmont Natural Gas Co., Inc.
Glen Raven Mills Inc.
WalMart Real Estate Business
Electric utility
Medical laboratory
Automotive components
Equipment manufacturing
Telephone utility
Tobacco company
Retail real estate
Natural gas utility
Textiles manufacturing
Real estate
Total
$
FI - 115
Percentage of Total
Assessed Valuation
120,905,916
105,591,444
92,454,208
65,487,225
46,093,059
43,434,078
33,010,312
30,932,949
27,107,430
22,503,515
1.11%
0.98%
0.85%
0.60%
0.42%
0.40%
0.30%
0.28%
0.25%
0.21%
587,520,136
5.40%
Net Assets by Component
Last Six Fiscal Years a
Table 1
2008
Restricted
Unrestricted
Total governmental activities net assets
ST - 2
Business-type activities
Restricted
Unrestricted
Total business-type activities net assets
Primary government
Restricted
Unrestricted
a
$
$
$
$
$
$
44,518,107
7,776,693
(34,556,646)
17,738,154
13,101,255
312,844
3,865,929
17,280,028
57,619,362
8,089,537
(30,690,717)
35,018,182
Fiscal Year Ended June 30
2006
2005
2007
$
$
$
$
$
$
42,349,248
15,891,473
(42,963,227)
15,277,494
12,734,656
304,791
2,396,761
15,436,208
55,083,904
16,196,264
(40,566,466)
30,713,702
$
$
$
$
$
$
38,078,444
12,145,448
(28,465,970)
21,757,922
11,998,474
291,524
3,084,109
15,374,107
50,076,918
12,436,972
(25,381,861)
37,132,029
$
$
$
$
$
$
2004
33,685,006
13,491,567
(20,739,961)
26,436,612
$
9,526,454
281,639
3,840,144
13,648,237
$
43,211,460
13,773,206
(16,899,817)
40,084,849
$
Ten-year trend information is being developed in this table. Data is presented since implementation of Governmental Accounting Standards Board Statement No. 34.
$
$
$
2003
36,732,024
2,513,457
(12,415,763)
26,829,718
$
7,504,701
5,025,859
12,530,560
$
44,236,725
2,513,457
(7,389,904)
39,360,278
$
$
$
$
32,406,071
2,660,585
(15,457,875)
19,608,781
7,505,937
276,878
4,532,892
12,315,707
39,912,008
2,937,463
(10,924,983)
31,924,488
Changes in Net Assets
(amount in Thousands)
Table 2
2008
ST - 3
REVENUES
Function/Programs:
Landfill - Charges for services
Landfill - Operating grants and contributions
General revenues:
Taxes:
Property taxes, levied for general purpose
Grants and contributions not restricted
to specific programs
Investment earnings
Miscellaneous, unrestricted
Special items
Landfill - investment earnings
Landfill - miscellaneous, unrestricted
Total revenues
EXPENSES
General government
Public Safety
Human services
Education
Landfill
Other expenses
Total expenses
Net assets-beginning
Net assets-ending
a
$
$
13,599
23,249
1,631
3,280
55
2006
2005
2007
$
12,490
22,719
1,836
$
14,605
17,275
581
$
2004
14,576
16,788
59
$
2003
13,957
15,829
90
$
13,398
15,203
49
64,602
27,477
1,924
61,819
26,378
1,722
58,821
23,952
1,819
52,209
22,478
1,512
52,099
20,788
1,438
49,190
18,205
1,352
949
280
387
398
137,831
243
1,645
314
-
235
1,006
989
752
286
628
430
-
620
279
554
898
225
503
384
-
129,166
120,035
108,966
106,552
98,509
10,355
30,194
1,403
35,899
3,753
44,977
4,173
2,276
497
133,527
4,304
30,714
35,018
10,670
27,401
1,137
34,844
3,375
51,742
3,709
2,467
239
135,584
(6,418)
37,132
30,714
10,122
25,158
2,280
33,137
3,549
43,205
2,746
2,583
208
122,988
(2,953)
40,085
37,132
11,901
21,625
1,313
31,492
3,201
33,909
2,011
2,830
152
108,434
532
39,553
40,085
10,618
19,892
1,654
28,736
2,928
30,824
1,960
3,504
240
100,356
6,196
33,357
39,553
9,006
17,403
1,655
27,770
2,817
28,269
2,134
3,735
133
92,922
5,587
27,770
33,357
$
$
$
$
$
Fund Balances, Governmental Funds
Table 3
2008
General Fund
Reserved
Unreserved
Total general fund
ST - 4
All Other Governmental Funds
Reserved
Unreserved, reported in:
Special revenue funds
Capital project funds
Total all other government funds
Total fund balances, governmental funds
a
$
$
11,710,491
18,922,786
30,633,277
2006
2005
2007
$
8,666,071
17,555,501
26,221,572
$
7,359,832
17,600,028
24,959,860
$
6,625,462
18,235,884
24,861,346
2004
$
6,735,869
18,661,471
25,397,340
2003
$
7,544,871
14,305,372
21,850,243
101,870
220,033
147,504
57,898
65,933
51,727
897,871
6,935,964
7,935,705
38,568,982
1,505,756
15,877,376
17,603,165
43,824,737
1,273,485
13,179,794
14,600,783
39,560,643
1,391,103
4,441,128
5,890,129
30,751,475
1,720,877
3,844,130
5,630,940
31,028,280
2,697,114
1,129,499
3,878,340
25,728,583
$
$
$
$
$
Changes in Fund Balances, Governmental Funds
a
Last Six Fiscal Years
Table 4
2008
Revenues
Property taxes
Sales taxes
Permits and fees
Sales and services
Investment earnings
Miscellaneous
Total revenues
ST - 5
Expenditures
Current
General government
Public Safety
Transportation
Human services
Intergovernmental (education)
Capital outlay
Debt service:
Principal
Total expenditures
Special items
Increase (decrease) in fund balance
Beginning fund balance-as restated
Ending fund balance
$
$
64,483,325
27,476,577
1,432,330
247,751
22,981,577
1,385,950
11,710,584
1,597,120
1,434,271
132,749,485
2006
2005
2007
$
61,903,922
26,378,154
1,721,703
1,544,894
21,731,612
1,619,467
6,718,823
2,689,474
570,922
124,878,971
$
58,910,219
23,952,357
1,819,199
235,207
20,877,304
1,632,639
6,145,967
1,544,345
567,965
115,685,202
$
51,445,421
22,478,029
1,511,823
285,806
19,008,228
1,455,544
4,711,692
633,794
562,609
102,092,946
2004
$
52,009,924
20,788,214
1,437,547
619,886
17,497,429
1,543,931
4,362,817
234,722
463,648
98,958,118
2003
$
49,048,348
18,205,071
1,351,863
224,714
16,575,216
1,433,762
3,783,052
396,130
842,883
91,861,039
11,880,730
31,010,741
410,587
84,821
1,415,778
36,238,804
4,006,226
34,107,514
10,869,659
11,040,856
28,860,371
182,881
58,048
1,182,425
35,346,669
4,054,430
31,041,238
23,327,420
9,821,915
25,385,859
156,232
51,942
2,465,746
32,675,372
3,866,501
29,691,242
16,030,506
11,777,569
21,059,208
106,956
44,218
1,287,836
30,802,569
3,458,263
28,338,588
11,698,824
8,816,303
20,556,523
197,250
42,921
1,653,377
28,227,420
3,194,494
27,326,838
5,275,502
7,553,042
16,942,748
107,398
25,524
1,638,040
27,182,326
2,928,856
26,267,019
2,198,585
5,838,999
4,277,181
140,141,040
(7,391,555)
110,800
(7,280,755)
45,849,737
38,568,982
5,331,643
3,621,578
144,047,559
(19,168,588)
23,432,681
4,264,093
39,560,644
43,824,737
4,833,534
2,606,156
127,585,005
(11,899,803)
19,956,827
752,144
8,809,168
30,751,475
39,560,643
3,858,141
2,032,257
114,464,429
(12,371,483)
12,094,678
(276,805)
31,028,280
30,751,475
3,299,968
1,913,377
100,503,973
(1,545,855)
5,495,577
1,349,975
5,299,697
25,728,583
31,028,280
3,367,813
2,257,355
90,468,706
1,392,333
184,525
1,576,858
24,151,725
25,728,583
$
$
$
$
$
Debt service expenditures / non-capital expenditures ratio
8.49%
a
8.01%
7.15%
6.08%
5.79%
6.81%
Program Revenues by Function/Program
Last Six Fiscal Yearsa
Table 5
2008
Function/Program
General government
Public safety
Transportation
Human services
Subtotal government activities
ST - 6
Business-type activities
Landfill
Subtotal business-type activities
a
$
$
1,247,077
6,995,888
1,050
437,515
4,379,508
537,577
13,598,615
3,279,974
3,279,974
16,878,589
Program Revenues
2006
2005
2007
$
$
1,394,269
3,331,904
897
486,800
3,459,190
507,899
9,180,959
3,309,942
3,309,942
12,490,901
$
$
1,722,028
6,878,312
-
$
3,018,899
5,254,549
6,828
2004
$
3,251,756
4,570,488
8,515
2003
$
2,997,744
4,182,718
8,030
2,674,707
404,248
11,679,295
2,765,245
277,897
11,323,418
2,041,936
352,791
10,225,486
2,081,301
321,397
9,591,190
2,925,392
2,925,392
14,604,687
3,253,012
3,253,012
14,576,430
3,731,987
3,731,987
13,957,473
3,807,133
3,807,133
13,398,323
$
$
$
Tax Revenues by Source, Governmental Funds
Last Ten Fiscal Years
Table 6
General Fund
ST - 7
Fiscal
Year
Ended
June 30
Property
Sales & Use
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
$ 64,483,325
61,903,922
58,910,215
51,445,409
52,009,822
49,048,126
41,338,912
36,636,949
35,166,928
33,893,836
$ 27,476,577
26,378,154
23,952,357
22,478,029
20,788,214
18,205,071
16,104,521
16,617,279
16,276,146
15,613,430
Occupancy
Emergency
Telephonea
Real Estate
Transfer
$
$
$
563,097
572,772
510,947
485,246
470,698
495,116
844,920
502,425
529,733
477,487
196,641
408,082
441,269
415,296
432,092
432,269
250,499
-
563,097
683,365
812,938
561,463
489,536
381,939
352,532
357,355
383,844
339,323
Other
$
55,186
57,484
54,045
49,818
45,221
42,539
31,460
42,188
11,903
10,020
Total
General
Fund
$ 93,337,923
90,003,779
84,681,771
75,435,261
74,235,583
68,605,060
58,922,844
54,156,196
52,368,554
50,334,096
Government-wide Expenses By Function
a
Table 7
FY Ended
June 30, 2008
Function
General government
Public safety
Transportation
Human services
Education
Debt service:
Interest and fees
$
FY Ended
June 30, 2007
10,355,242
30,194,461
410,587
84,821
1,403,236
35,898,520
3,752,811
44,977,170
$
FY Ended
June 30, 2006
10,670,206
27,401,149
182,881
58,048
1,136,582
34,843,773
3,375,087
51,741,478
$
10,122,531
25,157,763
156,232
51,942
2,280,204
33,137,113
3,548,534
43,204,775
4,172,523
3,708,893
2,746,103
131,249,371
133,118,097
120,405,197
Landfill
Total business-type activities
2,276,015
2,466,688
2,582,589
2,276,015
2,466,688
$
133,525,386
$
FY Ended
June 30, 2005
$
11,900,709
21,624,691
106,956
44,218
1,312,633
31,492,265
3,201,194
33,909,453
$
105,603,172
2,582,589
$
FY Ended
June 30, 2004
108,433,377
$
9,005,790
17,402,693
107,398
25,524
1,655,123
27,770,196
2,816,889
28,268,587
96,852,839
2,830,205
$
10,618,540
19,891,690
197,250
42,921
1,653,840
28,735,757
2,928,633
30,824,201
FY Ended
June 30, 2003
3,503,994
$
100,356,833
$
Note:
a
2,011,053
Ten-year trend information is being developed in this table. Data is presented since implementation of Governmental Accounting Standards Board Statement No.
34.
1,960,007
2,134,411
ST - 8
89,186,611
2,830,205
3,503,994
3,735,059
3,735,059
Government-wide Revenues
a
122,987,786
135,584,785
92,921,670
Table 8
FY Ended
June 30, 2008
FY Ended
June 30, 2007
FY Ended
June 30, 2006
FY Ended
June 30, 2005
FY Ended
June 30, 2004
FY Ended
June 30, 2003
Program Revenues
$
16,878,589
23,303,489
$
12,490,901
22,719,164
$
14,604,687
17,274,594
$
14,576,430
16,787,512
$
13,957,473
15,828,841
$
13,398,323
15,203,272
1,631,005
1,835,891
581,093
59,316
89,480
48,438
64,601,642
27,476,578
1,924,156
1,335,549
678,858
-
61,819,265
26,378,154
1,721,703
243,412
1,644,841
313,127
58,820,906
23,952,357
1,819,199
235,207
1,005,643
989,136
52,208,675
22,478,029
1,511,823
285,806
627,713
430,394
52,099,058
20,788,214
1,437,547
619,886
279,273
554,400
49,190,231
18,205,071
1,351,863
224,714
502,730
384,130
General Revenues
Taxes
Property tax
Grants and contributions not restricted to specific programs
Unrestricted investment earnings
Miscellaneous
Special Items
Total
$
137,829,866
$
$
$
$
106,552,184
Note:
a
752,144
898,012
129,166,458
120,034,966
108,965,698
-
98,508,772
$
General Government Expenditures by Function a
Table 9
Function
General government
2008
$
Public safety
Transportation
development
Human services
Education
11,880,730
2007
$
11,040,856
2006
$
9,821,915
2005
$
11,777,569
2004
$
8,816,303
2003
$
7,553,042
2002
$
6,750,582
2001
$
7,035,991
1999
2000
$
7,207,160
$
6,306,722
31,010,741
28,860,371
25,385,859
21,059,208
20,556,523
16,942,748
15,720,565
13,927,788
14,316,095
12,278,840
410,587
182,881
156,232
106,956
197,250
107,398
106,479
113,759
78,446
400,524
84,821
58,048
51,942
44,218
42,921
25,524
46,696
37,026
43,253
40,974
1,415,778
1,182,425
2,465,746
1,287,836
1,653,377
1,638,040
1,149,683
591,749
1,260,333
1,712,104
36,238,804
35,346,669
32,675,372
30,802,569
28,227,420
27,182,326
26,637,556
25,706,058
24,531,402
22,216,876
4,006,226
4,054,430
3,866,501
3,458,263
3,194,494
2,928,856
3,037,514
3,198,274
2,779,601
2,450,720
34,107,514
31,041,238
29,691,242
28,338,588
27,326,838
26,267,019
25,474,250
24,374,875
22,359,914
21,052,664
5,838,999
5,331,643
4,833,534
3,858,141
3,478,147
3,367,813
3,384,584
3,362,726
3,341,721
2,147,062
Debt service:
Interest and fees
ST - 9
Total
4,277,181
$ 129,271,381
3,621,578
$
2,606,156
$
2,032,257
$
1,735,198
$
2,257,355
$
2,416,273
$
2,578,495
$
$
78,650,041
$
Note:
a
Includes General and Special Revenue Funds.
120,720,139
80,926,741
95,228,471
102,765,605
General Government Revenues by Source
1,912,985
2,732,116
ALAMANCE COUNTY, NORTH
CAROLINA
88,270,121
84,724,182
111,554,499
70,519,471
a
Table 10
Source
2008
2007
2006
2005
2004
2003
2002
2001
51,445,421
$ 52,009,924
$ 49,048,348
$ 41,339,270
$ 36,637,702
22,893,325
20,788,214
18,205,071
16,104,521
16,617,279
2000
1999
Taxes:
Property
Sales
Other Taxes & Licenses
$
64,483,325
$
27,476,577
61,903,922
$
26,378,154
58,910,219
$
23,952,357
$
35,168,281
33,895,915
15,613,430
1,432,330
1,721,703
1,819,199
1,096,527
1,437,547
1,351,863
1,095,419
901,968
Total taxes
93,392,232
90,003,779
84,681,775
75,435,273
74,235,685
68,605,282
58,539,210
54,156,949
52,369,907
50,336,175
Intergovernmental
23,229,328
21,975,024
20,582,799
18,342,931
16,673,604
15,467,244
17,563,538
18,025,276
18,304,726
16,897,061
Permits and fees
1,385,950
1,619,467
1,632,639
1,455,544
1,543,931
1,433,762
1,109,391
932,225
815,684
883,281
11,710,584
6,718,823
6,145,967
4,711,692
4,410,817
3,783,052
3,021,143
2,638,639
2,364,909
2,016,461
Investment earnings
1,597,120
1,334,564
1,137,835
555,793
207,637
380,043
734,294
2,013,689
925,480
1,752,917
826,830
1,463,651
Miscellaneous
1,434,271
570,922
567,965
560,181
424,536
842,883
500,946
553,268
Sales and services
Total
$ 132,749,485
$
$
$
$
$
$
$
$
75,984,691
Note:
a
$
16,276,146
Includes General and Special Revenue Funds.
376,548
122,222,579
114,748,980
101,061,414
97,496,210
90,512,266
81,468,522
78,320,046
237,150
71,833,779
$
Assessed and Estimated Actual Value of Taxable Property
Table 11
(dollars in thousands)
Fiscal
Year
Ended
June 30
ST - 10
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
Real
Property
$
8,177,942
8,025,629
8,775,567
7,714,600
7,333,313
7,165,025
7,050,979
4,568,291
4,424,621
4,255,957
Personal
Property
$
2,131,762
2,094,996
1,047,163
1,931,071
1,959,567
2,040,177
2,006,849
1,889,038
1,803,826
1,694,167
Assessed Value
Public
Service
Less:
Abatements
Companies
$
264,996
266,550
296,337
260,084
263,590
272,207
262,276
196,049
197,163
190,253
$
23,622
49,835
90,797
91,894
97,107
112,622
106,583
69,726
63,600
64,688
Source: Alamance County Tax Department
Note: Assessed valuations are established by the Board of County Commissioners at 100 percent
of estimated market value. A revaluation of real property is required by the North Carolina General
Statutes at least every eight years. The last revaluation became effective January 1, 2001.
Tax rates are per $100 of assessed value.
Total Taxable
Assessed
Value
$
10,551,078
10,337,340
10,028,270
9,813,862
9,459,363
9,364,787
9,213,522
6,583,652
6,362,010
6,075,688
Estimated
Actual Value
$
11,773,069
11,180,789
10,853,980
10,227,594
9,821,834
9,463,575
9,384,687
6,583,652
8,244,761
7,623,572
Ratio of
Assessed
Value to
Estimated
Actual Value
89.6%
92.5%
92.4%
96.0%
96.3%
99.0%
98.2%
100.0%
77.2%
79.7%
Total
Direct
Tax
Rate
0.5800
0.5750
0.5625
0.5100
0.5200
0.5000
0.4200
0.5250
0.5250
0.5300
Principal Property Taxpayers
Table 12
2008
Taxpayer
Duke Energy Corp.
2007
2006
2005
2004
Taxable
Assessed
Valuation
Rank
Percentage
of Total
Assessed
Valuation
Rank
Percentage
of Total
Assessed
Valuation
Rank
Percentage
of Total
Assessed
Valuation
Rank
Percentage
of Total
Assessed
Valuation
$ 120,905,916
1
1.11%
$ 120,728,872
1
1.16%
$ 113,160,001
1
1.13%
$ 109,694,800
1
1.12%
$ 109,651,289
1
1.16%
105,891,444
2
0.98%
102,981,940
2
0.99%
105,283,789
2
1.05%
103,352,804
2
1.05%
100,205,242
2
1.06%
Taxable
Assessed
Valuation
Taxable
Assessed
Valuation
Taxable
Assessed
Valuation
Taxable
Assessed
Valuation
Rank
Percentage
of Total
Assessed
Valuation
GKN Automotive
92,454,208
3
0.85%
84,398,441
3
0.81%
79,241,295
3
0.79%
83,940,390
3
0.86%
91,368,237
3
0.97%
Honda Power Equipment
65,487,225
4
0.60%
65,561,883
4
0.63%
56,470,912
5
0.56%
51,134,015
6
0.52%
37,176,253
7
0.39%
BellSouth
46,093,059
5
0.42%
47,640,848
6
0.46%
48,612,196
6
0.48%
43,604,503
5
0.44%
54,882,302
5
0.58%
Liggett Group LLC
43,434,078
6
0.40%
-
0.00%
-
0.00%
-
0.00%
-
Burlington Mall LLC
33,010,312
7
0.30%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
Piedmont Natural Gas Co, Inc.
30,932,949
8
0.28%
27,683,029
9
0.27%
25,839,042
9
0.26%
25,898,594
10
0.26%
-
0.00%
37,696,013
7
0.36%
35,993,419
7
0.36%
39,500,700
7
0.40%
Glen Raven Mills
27,107,430
9
0.25%
22,503,515
10
0.21%
One Hundred Maple LLC
-
0.00%
5
0.58%
33,762,002
8
0.32%
23,801,749
10
0.23%
-
0.00%
60,141,099
Pedinis Inc
-
0.00%
Lowes of Burlington
-
0.00%
Culp
-
0.00%
-
0.00%
Colonial Realty Ltd. Partnership
-
0.00%
-
0.00%
56,746,209
0.00%
0.48%
4
0.60%
0.00%
0.00%
-
0.00%
-
0.00%
10
0.23%
-
0.00%
-
0.00%
0.00%
24,513,612
9
0.25%
27,633,901
9
0.29%
8
0.33%
32,964,328
8
0.34%
32,964,328
8
0.35%
24,128,640
10
0.26%
56,277,032
4
6
-
0.57%
32,964,328
45,212,152
0.00%
4
23,526,156
-
0.00%
0.57%
56,788,043
Madison River Communications
-
0.00%
-
0.00%
-
0.00%
-
0.00%
Copland, Inc.
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
Burlington Industries
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
West Point Pepperell, Inc.
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
Three C Alliance
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
$ 587,820,136
5.42%
$ 604,395,876
Taxable
Assessed
Valuation
ST - 11
2003
5.79%
$ 577,837,347
Taxable
Assessed
Valuation
2002
Rank
Percentage
of Total
Assessed
Valuation
Rank
Percentage
of Total
Assessed
Valuation
$ 108,485,966
1
1.16%
$ 106,350,594
1
1.15%
98,722,016
2
1.05%
98,699,556
2
GKN Automotive
90,495,028
3
0.97%
90,495,028
35,368,498
8
0.38%
BellSouth
58,471,820
5
0.62%
Taxpayer
$ 570,880,778
Taxable
Assessed
Valuation
2001
Taxable
Assessed
Valuation
Duke Energy Corp.
5.76%
Rank
79,370,609
1
1.21%
1.07%
70,765,956
3
3
0.98%
71,282,057
32,862,471
9
0.36%
60,953,975
4
0.66%
Taxable
Assessed
Valuation
Rank
84,479,459
1
1.33%
1.08%
43,772,920
6
2
1.08%
65,094,901
5
0.72%
0.00%
$
Rank
Percentage
of Total
Assessed
Valuation
82,800,685
1
1.36%
0.69%
74,490,952
2
1.23%
2
1.02%
52,639,785
3
0.87%
4
0.76%
5
0.78%
48,588,981
0.00%
6.13%
1999
Percentage
of Total
Assessed
Valuation
47,107,133
$ 580,010,387
2000
Percentage
of Total
Assessed
Valuation
$
5.82%
0.00%
$
47,146,551
0.00%
Liggett Group LLC
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
Burlington Mall LLC
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
Piedmont Natural Gas Co, Inc.
-
0.00%
-
0.00%
-
0.00%
21,931,389
10
0.34%
-
0.98%
62,590,860
3
0.98%
Glen Raven Mills
63,879,187
One Hundred Maple LLC
4
0.68%
6
0.43%
40,046,461
Pedinis Inc.
0.00%
-
Lowes of Burlington
0.00%
-
0.00%
56,679,299
0.61%
0.00%
-
0.00%
-
0.00%
-
6
0.43%
-
0.00%
-
0.00%
-
0.00%
0.00%
-
0.00%
-
0.00%
-
0.00%
39,832,771
-
0.00%
64,259,239
4
0.00%
5
-
0.00%
-
0.00%
49,679,294
4
0.82%
0.00%
-
0.00%
Culp
38,496,300
7
0.41%
38,483,850
7
0.42%
41,397,275
6
0.63%
44,537,135
5
0.70%
41,140,203
8
0.68%
Colonial Realty Ltd. Partnership
32,964,328
9
0.35%
32,964,328
8
0.36%
25,247,496
8
0.38%
25,146,378
8
0.40%
25,146,378
7
0.41%
Madison River Communications
Copland, Inc.
27,262,002
0.00%
10
0.29%
27,231,852
0.00%
10
-
0.29%
24,138,407
0.00%
-
0.00%
-
0.37%
23,885,185
9
0.38%
22,867,322
10
0.38%
36,904,341
7
0.58%
37,677,638
6
0.62%
9
0.49%
-
0.00%
-
0.00%
31,654,423
7
0.48%
West Point Pepperell, Inc.
-
0.00%
-
0.00%
21,990,265
10
0.33%
-
0.00%
Three C Alliance
-
0.00%
-
0.00%
0.00%
-
0.00%
29,668,006
7.18%
$ 463,256,814
$ 594,191,606
6.34%
$ 584,553,724
6.32%
$ 477,212,860
0.00%
9
7.25%
$ 456,931,549
-
0.00%
7.62%
Property Tax Levies and Collections
Table 13
County-wide Levies
Collected within the Fiscal
Year of the Levy
ST - 12
Fiscal Year
Ended June 30
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
Taxes Levied
for the Fiscal
Year
$ 61,198,987
58,367,071
55,635,067
49,414,718
49,253,815
46,653,743
39,258,696
34,737,647
33,584,751
32,368,475
Amount
$ 59,202,640
56,639,425
53,796,607
47,817,467
48,212,757
45,632,597
38,248,639
33,913,140
32,745,445
31,668,144
Percentage
of Levy
96.7%
97.0%
96.7%
96.8%
97.9%
97.8%
97.4%
97.6%
97.5%
97.8%
Note: This schedule includes data from only the General Fund county-wide property tax levy.
Total Collections to Date
Collections in
Subsequent
Years
$
1,252,976
1,310,110
1,193,118
833,420
849,798
901,175
724,758
750,354
621,322
Amount
$ 59,202,640
57,892,401
55,106,717
49,010,585
49,046,177
46,482,395
39,149,814
34,637,898
33,495,799
32,289,466
Percentage of
Levy
96.7%
99.2%
99.1%
99.2%
99.6%
99.6%
99.7%
99.7%
99.7%
99.8%
Direct and Overlapping Governments Property Tax Rates
(Per $100.00 of Assessed Value)
Table 14
Year Taxes are Payable
2008
County Direct Rates
Alamance County
2007
2006
2005
2004
2003
0.58
0.575
0.5625
0.51
0.52
0.50
City of Alamance
0.24
0.24
0.24
0.24
0.24
City of Graham
0.48
0.48
0.48
0.48
0.48
0.625
0.625
0.555
0.555
City of Burlington - Downtown
0.16
0.16
0.16
Town of Mebane
0.50
0.50
0.50
0.50
Town of Elon
0.37
0.37
0.37
Town of Gibsonville
0.515
0.515
Town of Haw River
0.48
Town of Green Level
Town of Ossipee
2002
2001
0.42
0.525
0.24
0.22
0.48
0.38
0.50
0.50
0.16
2000
1999
0.525
0.53
0.29
0.29
0.29
0.40
0.40
0.40
0.42
0.50
0.49
0.48
0.16
0.16
0.20
0.20
0.20
0.47
0.47
0.42
0.49
0.49
0.49
0.37
0.37
0.37
0.37
0.40
0.40
0.40
0.515
0.495
0.515
0.515
0.515
0.53
0.53
0.53
0.45
0.45
0.45
0.45
0.45
0.38
0.33
0.33
0.33
0.34
0.30
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.15
0.15
0.15
0.05
0.05
-
-
-
-
City and Town Rates
City of Burlington
ST - 13
-
-
-
-
-
Other Special District Rates
Ossipee Sanitary District
-
0.085
0.08
0.09
0.08
0.08
0.09
Fire District Rates
Swepsonville
0.10
0.10
0.10
0.09
0.09
0.09
0.085
0.10
0.09
0.0875
0.065
0.065
0.065
0.065
0.05
0.05
0.06
0.06
6.00
0.105
0.105
0.105
0.105
0.09
0.09
0.08
0.095
0.095
0.095
54 East
0.10
0.10
0.10
0.09
0.09
0.09
0.08
0.10
0.09
0.09
0.07
0.07
0.07
0.07
0.07
0.07
0.06
0.085
0.08
0.10
0.105
0.095
0.095
0.095
0.095
0.095
0.085
0.11
0.11
0.10
0.08
0.08
0.08
0.08
0.08
0.08
0.065
0.08
0.08
0.08
E.M. Holt
0.05
0.07
0.07
0.07
0.07
0.06
0.06
0.07
0.07
0.05
Altamahaw-Ossipee
0.095
0.095
0.095
0.095
0.095
0.085
0.075
0.09
0.09
0.08
East Alamance
0.085
0.085
0.085
0.085
0.085
0.085
0.06
0.085
0.085
0.065
Faucette
Elon
Haw River
0.105
0.105
0.105
0.105
0.105
0.105
0.095
0.11
0.11
0.11
Snow Camp
0.085
0.085
0.085
0.085
0.085
0.085
0.055
0.07
0.07
0.07
Note: (1) Property was revalued January 1, 2001, affecting the fiscal 2002 tax rate (see Table 12 note).
Ratio of Outstanding Debt by Type
Table 15
General Fund Activities
Business-Type Activities
ST - 14
Percentage of
Fiscal Year
General
Revolving and
Actual
Property
Ended
Obligation Installment Loan
June 30 Bonded Debt
Debt
Value a
Per Capita b
2008
$ 73,410,000 $
10,903,889
0.78%
$
588.97
2007
0.87%
634.90
77,745,000
2006
59,390,000
14,262,990
0.73%
524.24
2005
40,460,000 12,071,302
15,960,970
0.57%
406.53
2004
43,545,000
4,308,210
0.51%
344.88
2003
41,705,000
4,418,178
0.49%
338.78
2002
44,595,000
4,735,775
0.54%
369.25
2001
47,485,000
5,230,359
0.80%
401.19
2000
50,375,000
5,703,085
0.88%
452.09
1999
53,265,000
6,154,805
0.98%
488.39
Note: Details regarding the county's outstanding debt can be found in the notes to the financial statements.
a
See Table 19 for taxable property value data.
b
Population and personal income data can be found in Table 16.
c
Includes general bonded debt and business-type activites debt.
Landfill Bonds
$
-
-
376,107
733,846
1,074,115
1,707,767
2,725,613
3,688,426
4,620,000
2,920,000
$
Total c
84,313,889
89,816,302
74,029,097
57,154,816
48,927,325
47,830,945
52,056,388
56,403,785
60,698,085
62,339,805
Percentage
of Personal
Income
Per Capita b
1.82% $
588.97
2.04%
634.90
1.83%
526.92
1.82%
411.81
1.24%
352.62
1.25%
351.33
1.40%
389.66
1.54%
429.26
1.89%
489.33
2.05%
512.39
Ratio of General Obligation Bonded Debt Outstanding and Legal Debt Margin
Table 16
2008
General bonded debt outstanding
General obligation bonds
$
Percentage of estimated actual
a
property value
Per capita
$
0.70%
b
c
Legal debt margin
d
Legal debt margin as a percentage
of the debt limit
$
77,745,000
2006
$
59,390,000
0.75%
512.80
Total net debt applicable to debt limit
Legal debt limit
73,410,000
2007
0.59%
2005
2002
2001
2000
1999
$ 40,460,000
$ 43,545,000
$ 41,705,000
$ 44,595,000
$ 47,485,000
$ 50,375,000
$ 53,265,000
0.41%
0.46%
0.45%
0.48%
0.72%
0.79%
0.88%
549.57
422.72
291.52
313.83
306.33
333.80
361.38
406.11
437.80
92,304,573
86,610,355
59,390,000
40,460,000
43,545,000
41,705,000
44,595,000
47,485,000
50,375,000
53,265,000
828,201,911
850,373,188
802,261,600
785,108,960
756,749,040
749,182,960
737,081,760
526,692,160
508,960,800
486,055,040
763,762,833
$ 742,871,600
$ 744,648,960
$ 713,204,040
$ 707,477,960
$ 692,486,760
$ 479,207,160
$ 458,585,800
$ 432,790,040
92.60%
94.85%
94.25%
94.43%
93.95%
90.98%
90.10%
89.04%
735,897,338
88.85%
$
89.82%
ST - 15
Note: Details regarding the county's outstanding debt can be found in the notes to the financial statements.
a
2004
2003
Property value can be found in Table 8
b
Population date can be found in Table 16
c
State statutes limit the county's outstanding general debt to no more than 8% of the total assessed value of taxable property.
d
The legal debt margin is the county's available borrowing authority under state statutes and is calculated by subtracting the net debt applicable to the legal
debt limit from the legal debt limit. This does not include any long-term obligations, such as installment loans.
Computation of Direct and Overlapping Bonded Debt
Table 17
June 30, 2008
Jurisdiction
Net General Obligation
Bonded Debt
Percent Applicable to
County
Amount Applicable to
County
Direct:
Alamance County
73,410,000
100.0% $
73,410,000
27,675,000
100.0%
27,675,000
210,000
100.0%
210,000
City of Mebane
Town of Gibsonville
1,075,000
70.0%
752,500
50,000
40.0%
20,000
Total overlapping
29,010,000
$
Overlapping:
City of Burlington
City of Graham
Totals
$
102,420,000
ST - 16
28,657,500
$
102,067,500
Demographic and Economic Statistics
Table 18
Fiscal
Year
Ended
June 30
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
Population
143,154
141,466
140,494
138,788
138,754
136,144
133,596
131,398
124,042
121,664
117,919
a
Personal Income
$
4,640,336,910
4,399,734,066
4,042,433,862
3,134,804,556
3,946,025,006
3,812,848,864
3,713,167,224
3,652,470,206
3,213,928,220
3,040,991,680
2,797,982,032
Per Capita
Personal
Incomeb
$
32,415
31,101
28,773
22,587
28,439
28,006
27,794
27,797
25,910
24,995
23,728
Sources:
a
N. C. State Demographics Website
b
State Data Center
c
Alamance-Burlington School System with 2008 being estimated
d
N.C. Employment Security Commission
ST - 17
Median
Ageb
36.7
36.6
36.1
37.6
36.4
36.4
36.3
36.3
38.2
37.8
37.9
School
Enrollmentc
22,628
22,227
21,707
21,600
21,605
21,536
21,357
20,261
19,718
19,629
19,118
Unemployment
Rated
6.6%
5.7%
5.5%
6.2%
6.7%
7.3%
7.5%
5.3%
2.7%
2.5%
3.0%
Principal Employers
Table 19
2008a
Taxpayer
Employees
Rank
2007a
Percentage of
Total County
Employment
Employees
Rank
2006a
Percentage of
Total County
Employment
Employees
Rank
2005c
Percentage of
Total County
Employment
Employees
Rank
2004c
Percentage of
Total County
Employment
Employees
Rank
Percentage of
Total County
Employment
3,200
1
2.24%
3,200
1
2.26%
3,200
1
2.28%
-
0.00%
-
0.00%
2,780
2
1.94%
2,700
2
1.91%
2,700
2
1.92%
-
0.00%
-
0.00%
Alamance Regional Medical Center
1,700
3
1.19%
1,700
3
1.20%
1,700
3
1.21%
-
0.00%
-
0.00%
Wal-Mart
1,100
4
0.77%
1,100
4
0.78%
1,100
4
0.78%
-
0.00%
-
0.00%
Elon University
1,083
5
0.76%
1,083
5
1,000
5
Alamance County Government
1,020
6
0.71%
1,000
6
0.71%
900
7
0.64%
-
0.00%
-
0.00%
875
7
0.61%
875
7
0.62%
1,000
6
0.71%
-
0.00%
-
0.00%
City of Burlington
0.77%
0.71%
-
0.00%
-
0.00%
600
8
0.42%
596
9
0.42%
500
9
0.35%
-
0.00%
-
0.00%
575
9
0.40%
590
10
0.41%
600
8
0.42%
-
0.00%
-
0.00%
GKN Automotive
500
10
0.35%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
General Electric Co.
500
10
0.35%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
0.00%
725
Gold Toe Moretz
8
0.53%
-
Engineered Controls
0.00%
-
0.00%
500
0.00%
-
0.00%
-
10
0.00%
-
0.36%
-
0.00%
-
0.00%
0.00%
-
0.00%
0.00%
-
-
0.00%
0.00%
Glen Raven Mills
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
Alamance Health Services
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
ST - 18
CULP, Inc
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
West Point-Stevens
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
9.73%
13,569
9.59%
13,200
9.40%
-
0.00%
-
0.00%
Great American Knitting
13,933
2003b
Taxpayer
Employees
Rank
2002c
Percentage of
Total County
Employment
Employees
Rank
2001c
Percentage of
Total County
Employment
Employees
Rank
2000c
Percentage of
Total County
Employment
Employees
Rank
1999b
Percentage of
Total County
Employment
Employees
Rank
Percentage of
Total County
Employment
3,200
1
2.35%
-
0.00%
-
0.00%
-
0.00%
3,200
1
2.63%
2,700
2
1.98%
-
0.00%
-
0.00%
-
0.00%
2,300
2
1.89%
Alamance Regional Medical Center
1,500
3
1.10%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
Wal-Mart
Elon University
870
4
0.64%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
Alamance County Government
650
8
0.48%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
City of Burlington
534
10
0.39%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
7
GKN Automotive
-
0.00%
-
0.00%
-
0.00%
-
0.00%
800
General Electric Co
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
Gold Toe Moretz
800
5
0.59%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
Engineered Controls
675
7
0.50%
-
0.00%
-
0.00%
-
0.00%
700
10
0.66%
0.58%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
2,238
3
1.84%
Glen Raven Mills
-
0.00%
-
0.00%
-
0.00%
-
0.00%
1,300
4
1.07%
Alamance Health Services
700
6
0.51%
-
0.00%
-
0.00%
-
0.00%
1,300
4
1.07%
CULP, Inc
595
9
0.44%
-
0.00%
-
0.00%
-
0.00%
965
6
0.79%
0.66%
West Point-Stevens
-
0.00%
-
0.00%
-
0.00%
-
0.00%
800
7
Great American Knitting
-
0.00%
-
0.00%
-
0.00%
-
0.00%
720
9
12,224
8.98%
-
0.00%
-
0.00%
-
0.00%
14,323
Source: a
Alamance County Chamber of Commerce
Official Bond Statements of Alamance County
c
Information not available for this year.
b
0.59%
11.77%
Full-time Equivalent County Employees by Function/Program
Table 20
2008a
2007
2006
2005
2004b
2003
2002c
2001d
2000e
1999
Function/Program
ST - 19
General Government
County Commisioners
Administration
Planning
Human Resources
Finance
Legal
Register of Deeds
Revaluation
MIS
Printing Services
Purchasing
Tax Administration
Maintenance
Elections
5.00
4.00
2.50
5.00
7.00
5.00
11.50
3.00
19.00
0.75
2.00
29.00
13.50
3.50
5.00
4.00
2.50
5.00
10.00
5.00
11.50
0.00
19.00
0.75
0.00
29.00
13.50
3.00
5.00
4.00
2.50
5.00
10.00
4.00
11.50
0.00
19.00
0.50
0.00
28.00
13.50
3.50
5.00
4.00
3.00
5.00
10.00
5.00
11.50
0.00
19.00
0.50
0.00
27.00
13.50
3.50
5.00
4.00
3.00
5.00
10.00
5.00
11.50
0.00
17.00
0.63
0.00
25.00
13.50
3.60
5.00
2.00
3.00
5.00
11.00
5.00
11.00
0.00
15.00
1.60
0.00
24.00
13.50
3.60
5.00
2.00
3.00
5.00
11.00
5.00
11.00
0.00
17.00
1.60
0.00
24.00
13.50
3.60
5.00
2.00
3.00
5.00
11.00
5.00
11.00
0.00
17.00
1.60
0.00
24.00
13.50
3.60
5.00
2.00
4.00
3.60
11.00
5.00
10.00
0.00
17.00
1.60
0.00
22.00
12.50
3.00
11.00
4.00
11.00
0.00
16.00
1.63
0.00
23.00
13.50
3.00
Culture & Recreation
Library
Recreation
46.63
15.00
46.63
15.00
43.00
38.00
43.00
36.00
37.00
14.00
34.20
14.00
33.20
14.00
33.20
14.00
29.40
14.50
29.38
14.53
7.50
4.00
7.50
4.00
7.50
4.00
7.58
4.00
8.50
2.70
8.50
2.70
9.00
2.70
9.00
2.70
11.00
2.70
11.00
2.65
7.00
128.00
6.00
135.00
6.00
124.00
6.00
135.50
6.00
116.00
5.00
134.00
112.50
6.00
134.00
101.00
3.00
56.00
74.00
3.00
38.00
3.00
4.00
76.00
3.00
38.00
3.00
4.00
76.00
3.00
38.00
3.00
4.00
4.00
1.50
12.00
84.00
28.00
4.00
1.50
12.00
83.50
25.00
4.00
1.50
11.00
82.50
26.00
4.00
2.00
12.00
78.50
27.00
4.00
1.50
9.60
78.00
24.00
4.00
1.50
9.00
78.00
17.00
4.00
1.50
9.00
78.00
17.00
4.00
2.00
8.00
70.00
17.00
74.00
3.00
38.00
3.00
3.00
0.60
3.50
1.50
8.00
68.00
15.00
74.00
3.00
38.00
3.00
4.00
0.55
3.45
1.50
8.00
68.00
15.00
89.50
10.00
11.00
188.00
2.50
88.50
10.00
11.00
185.50
2.50
85.00
9.50
10.00
178.50
2.50
83.00
9.00
9.50
177.00
2.50
81.00
8.00
6.00
167.00
2.00
81.00
8.00
6.00
167.00
2.00
81.00
8.00
6.00
167.00
2.00
80.00
8.00
6.00
176.00
2.00
4.80
78.30
3.00
3.00
152.10
2.00
5.30
77.28
8.20
3.00
148.13
2.00
4.88
18.00
18.00
16.50
16.50
9.00
9.00
9.00
9.00
9.00
9.00
908.38
894.38
887.00
871.08
715.53
663.60
667.10
671.40
624.60
626.31
Economic & Physical Development
Soil Conservation
Public Safety
Judicial Services
Sheriff's Office
School Resource Officers
Jail
Animal Control
City/County Vice Unit
Fire Marshal
SARA Management
Inspections
Human Services
Health
WIC Program
Dental
Social Services
Veteran's Services
Alamance Friends of Youth
Landfill
Total
Source: Alamance County Payroll Department.
Notes:
a
Purchasing was separated from the Finance Department.
b
Additional Deputies were approved for Sheriff's Department. Also, Animal Control and City/County Vice Unit are now combined with Sheriff's Department.
c
Alamance Friends of Youth is now a State department through the Office of Juvenile Justice.
d
Emergency Management was combined with Fire Marshal.
e
Administration was separated to show County Manager, Planning and Human Resources.
5.00
9.63
Operating Indicators by Function/Program
Table 21
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
20
440
8,217
1,018
20
486
8,009
915
20
486
7,497
749
19
450
7,006
850
19
430
6,844
1,300
19
421
6,424
1,100
19
427
6,396
1,264
19
421
6,770
987
17
389
5,866
794
16
420
5,893
908
269
120
265
112
256
101
197
97
179
88
172
88
128
68
129
68
126
66
122
62
1,797
8,434
3,600
2,118
10,149
3,400
2,172
2,541
1,835
1,338
1,425
1,338
1,324
1,395
3,200
2,500
495
236
200
236
215
225
12,616
12,120
26,635
15,279
15,016
15,279
15,717
16,896
495
54
523
71
615
31
654
23
562
27
484
38
415
37
385
85
Function/Program
Fire protection:
Number of stations
Number of fire personnel and officers
Number of calls answered
Number of inspections conducted
ST - 20
Sheriff protection:
Number of Sheriff personnel and officers
Number of sworn officers
Number of law violations:
Ten major offenses
Civil papers served
Traffic violations
Inspections:
Building Permits-Residentiala
Building Permits-Non-Residentiala
Source: Various County Departments
Note:
Building permits are accounted for the calendar year. Calendar 2008 information is not available.
a
646
352
Capital Asset Statistics by Function/Program
Table 22
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
Function/Program
ST - 21
Sheriff protection
Number of stations
Number of patrol cars
1
100
1
100
1
100
1
87
1
82
1
53
1
50
1
47
1
45
1
45
Parks and recreation
Acreage
Acreage-Leased*
Baseball/Softball diamonds
Baseball/Softball diamonds-leased*
468
219
1
9
487
430
430
430
430
430
430
430
430
9
1
1
1
1
1
1
1
1
5
5
4
4
4
4
4
4
4
4
3
18
5
3
15
5
3
16
6
3
16
4
2
14
3
1
14
3
1
14
2
1
14
2
1
14
2
1
14
2
Library
Branches
Emergency Medical Services
Number of stations
Number of ambulances
Number of medic trucks
*Leased information added for FY2007-2008.
Source: Various County Departments
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
Exhibit L-1
(Page 1 of 4)
Section I. Summary of Auditor's Results
Financial Statements
Type of auditor's report issued:
Unqualified
Internal control over financial reporting:
Material weakness(es) identified?
Yes
Significant Deficiency(s) identified that are not considered to
be material weaknesses?
X
Noncompliance material to financial statements noted?
X
Yes
No
None reported
Yes
X
No
Yes
X
No
Federal Awards
Internal control over major Federal programs:
X
Yes
Type of auditor's report issued on compliance for major Federal
programs:
None reported
Unqualified
Any audit findings disclosed that are required to be reported in
accordance with Section 510(a) of Circular A-133
X
Yes
No
Identification of major Federal programs:
CFDA Numbers
Program Name
93.558
Temporary Assistance for Needy Families
93.658, 93.659
Foster Care and Adoption Cluster
93.778
Medical Assistance Program
93.044, 93.045, 10.570
Aging Cluster
93.596, 93.575
Child Care Development Fund Cluster
10.557
Special Supplemental Nutrition Program for Women,
Infants and Children
10.551, 10.561
Food Stamp Cluster
Federal programs that did not meet the criteria for a major program using the criteria discussed in OMB Circular No. A133 Section .520 but were tested as a major program because the State awards met the threshold for a major State
program are included in the list of major Federal programs. (N/A)
Dollar threshold used to distinguish between Type A and Type
B Programs
$3,000,000
Auditee qualified as low-risk auditee?
X
Yes
No
State Awards
Internal control over major State programs:
Yes
X
No
Yes
X
None reported
Type of auditor's report issued on compliance for major State
programs:
Unqualified
Any audit findings disclosed that are required to be reported
in accordance with State Single Audit Implementation Act
CO - 7
Yes
X
No
Exhibit L-1
(Page 2 of 4)
Section I. Summary of Auditor's Results
Identification of major State programs:
Program Name
State/County Special Assistance for Adults - DBP
Section II. Financial Statement Findings
Finding 08-1
SIGNIFICANT DEFICIENCY
Criteria: In accordance with the Services Information System (SIS) User's Manual, 100% of applicable employees'
time should be keyed into the day sheets, including nonbillable time. Employees are also required to maintain time
sheets for payroll purposes.
Condition: In one employee file tested, state funding was overbilled by 30 minutes. This was discovered due to
inefficiencies between the time sheet and day sheet. Three other employees had inconsistencies with the use of the
990 G code (nonbillable) between their time sheets and day sheets.
Effect: Day sheets were not always accurately completed in accordance with the SIS User's Manual.
Cause: The employees did not key in 100% of their time accurately into the system generating day sheets. Time sheets and day sheets were not always in agreement.
Recommendation: We recommend that the Department of Social Services implement a system to ensure consistency amongst time sheets and day sheets and supervisors reconcile the two documents.
Management response: Management has identified this as high priority and has taken significant action. Additional
trainings and new operational procedures have been implemented. Refresher trainings have been implemented
agency-wide with additional attention paid to new hires. State training was also scheduled and provided by various
program representatives from each of the State Divisions. Internal operations have been revamped with additional
levels of review and focus on supervisor oversight. The Agency's OneCase case management system was
reconfigured to help support this effort. Weekly review and sign-off by supervisors of electronic daysheets are required
as well as supervisor review and approval on timesheets. Significant improvement has been made and now most of
the issues center around interpretation of the use of the 990G non-payable code. There is not consistency on a statewide level as to how to interpret 990G as it applies to local policies on flextime and other time. Much of this is
dependent upon local computer system configurations. State staff recommended the agency contact other counties to
review their local configurations. Based upon those communications and after follow-up with State staff the agency
plans to implement a procedure guide detailing the use of this code.
CO - 8
Exhibit L-1
(Page 3 of 4)
Section III. Federal Award Findings and Questioned Costs
NC Department of Health and Human Services
Program Name: Medicaid Assistance Program
CFDA Number: 93.778
Grant Number: N/A
Finding: 08-2
SIGNIFICANT DEFICIENCY
Criteria: In accordance with the Medicaid Assistance Eligibility Manuals, a child qualifies for medicaid assistance if all eligibility requirements are met through Medicaid for Infants and Children.
Condition: One file meeting eligibility requirements was erroneously closed.
Questioned Cost: No significant questioned costs were identified.
Context: We examined 25 clients' files for support of eligibility requirements and that appropriate coverage was provided. We examined 15 additional files to determine no lapse of coverage occurred where applicable.
Effect: The child was without medicaid coverage from November, 2007 through approximately June 9, 2008.
Cause: This was an oversight by the responsible individuals.
Recommendation: We recommend that the County implement a process to ensure that clients' files are properly maintained and services provided to those who meet eligibility requirements.
Management response: Upon discovery, the client was contacted and an immediate redetermination was completed. The client's expenditures were evaluated and the agency contacted all providers seen during this period to assure medical coverage. Management has implemented new internal procedures to ensure services are provided to those eligible with no lapse in coverage.
Section IV. State Award Findings and Questioned Costs
None noted.
CO - 9
Exhibit L-1
(Page 4 of 4)
CORRECTIVE ACTION PLAN
Section II. Financial Statement Findings
Finding 08-1
Name of Contact Person:
Corrective Action Plan:
Proposed Completion Date:
Susan Osborne, Director-Alamance County Department of Social Services
The County provided day sheet training for all relevant staff. This includes training
provided by various program representatives from each of the State Divisions.
The Agency's OneCase case management system was reconfigured to help
better support day/timesheet accuracy. Internal operations have been revamped
with additional levels of review and focus on supervisor oversight. The agency
also plans to implement a procedure guide detailing the use of the 990G code.
The agency is currently working on implementing a procedure guide detailing the
use of the 990G code. The remainder of the plan was implemented prior to the
single audit.
Section III. Federal Award Findings and Questioned Costs
Finding 08-2
Name of Contact Person:
Corrective Action Plan:
Proposed Completion Date:
Susan Osborne, Director - Alamance County Department of Social Services
The County has implemented new internal procedures to ensure services are
provided to those eligible with no lapse in coverage. A retermination was
completed upon discovery of the closed file. Any providers seen was contacted
to assure medical coverage.
Upon discovery a retermination was completed on the closed file. New internal
procedures have also been implemented upon discovery in this lapse in
Section IV. State Award Findings and Questioned Costs
None noted.
SUMMARY SCHEDULE OF PRIOR YEAR FINDINGS
Finding 07-1
Status:
Finding 07-2
Status:
Finding 07-3
Status:
Finding 07-4
Status:
The County provided day sheet training for all relevant staff. This includes training
provided by various program representatives from each of the State Divisions. The
Agency's OneCase case management system was reconfigured to help better support
day/timesheet accuracy. Internal operations have been revamped with additional levels
of review and focus on supervisor oversight. The County continues to address this as
an area of focus.
An additional checklist is being used to assist with internal control. This is assessed
throughout the year by desks audits.
The County continues to evaluate the current system to verify required documentation
is included in the clients' files.
The County continues to evaluate the current system to verify benefits are timely
terminated.
CO - 10
SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE AWARDS
For the Year Fiscal Year Ended June 30, 2008
Exhibit L-2
(Page 1 of 7)
Federal
CFDA
Number
Grantor/Pass-Through
Grantor/Program Title
State/
Federal
Pass-Through
(Direct &
Grantors
Pass-Through)
Number
Expenditures
State
Expenditures
FEDERAL AWARDS
U.S. Department of Housing and Urban Development
Passed through City of Burlington:
Community Development Block Grants/Entitlement Grants
Passed through N.C. Department of Commerce:
Division of Community Assistance:
Community Development Block Grant/Scattered Sites
Rehabilitation
14.218
03-P-1179
14.228
04-C-1220
37,500
49,500
-
10.551
Unknown
14,080,801
-
10.561
Unknown
642,477
14,723,278
-
10.557
Unknown
510,979
-
10.559
Unknown
2,781
-
10.557
Unknown
3,426,399
18,663,437
-
16.606
16.590
16.588
16.540
Unknown
Unknown
Unknown
Unknown
161,199
32,901
131,670
325,770
-
97.042
20.703
97.004
Unknown
Unknown
Unknown
20,360
20,360
-
20.600
Unknown
59,707
-
Total U.S. Department of Housing and Urban Development
U.S. Department of Agriculture
Food and Nutrition Service
Passed through N.C. Department of Health and Human Services
Division of Social Services:
Administration:
Food Stamp Cluster:
Food Stamp Program - Direct Benefit Payment
State Administrative Matching Grants for the Food
Stamp Program
Total Food Stamp Cluster
Passed through N.C. Department of Health and Human Services
Division of Public Health
Administration:
Direct Benefit Payments:
AGRI-SFP Food Program Meal
Total U.S. Department of Agriculture
U.S. Department of Justice
Passed through N.C. Department of Crime Control and Public
Safety:
State Crime Alien Assistance Program
NC Electronic Monitoring Initiative
Violence against women
Juvenile Justice Delinquency Prevention
Total U.S. Department of Justice
$
12,000
$
-
Department of Homeland Security
Passed through N. C. Department of Crime Control and Public
Safety:
Emergency Management Performance Grant
Hazard Mitigation
Terrorism
Total U.S. Department of Homeland Security
U.S. Department of Transportation
Federal Highway Administration
Passed through N. C. Department of Transportation
North Carolina Governor's Highway Safety Program
CO - 11
Exhibit L-2
(Page 2 of 7)
Grantor/Pass Through
Grantor/PassGrantor/Program Title
U.S. Department of Health and Human Services
Administration on Aging
Passed through Piedmont Triad Council of Governments:
Aging Cluster:
Special Program for the Aging - Title III B Grants for
Supportive Services and Senior Centers
Special Programs for the Aging - Title III C - Nutrition
Services
NSIP Supplement
Total Aging Cluster
Social Services Block Grant (SSBG) - In Home Services
Administration for Children and Families
Passed through N.C. Department of Health and Human
Foster Care and Adoption Cluster:
Title IV-E Foster Care Administration
Adoption Assistance
Adoption
Assistance
Adoption Assistance - Direct Benefit Payments
Total Foster Care and Adoption Cluster
Work First/Temporary Assistance for Needy Families (TANF)
Work First/TANF - Direct Benefits Payments
Refugee and Entrant Assistance - State Administered
Program
Family Preservation
Low-Income Home Energy Assistance Block Grant:
Administration
Energy Assistance Payments - Direct Benefit Payments
Child Welfare Services - State Grants
Adoption Subsidy - Direct Benefit Payments
Permanency Planning - Families for Kids
SSBG-Other Service and Training
System of Care Grant
Child Abuse and Neglect Discretionary Activities
Child Support Enforcement
Independent Living
Division of Aging and Adult Services:
Divison of Social Services:
SSBG - State In Home Service Fund
SSBG - State Adult Daycare
Federal
CFDA
Number
State/
Pass-Through
Grantors
Number
Federal
(Direct &
Pass Through)
PassExpenditures
State
Expenditures
93.044
Unknown
173,599
167,056
93.045
10.570
Unknown
Unknown
93.667
Unknown
177,688
68,393
419,680
17,836
98,006
265,062
511
93.658
93.659
93
659
93.659
Unknown
Unknown
Unknown
Unknown
93.558
93.558
Unknown
Unknown
611,736
39 938
39,938
462,366
1,114,040
1,580,335
1,258,195
93.566
93.556
Unknown
Unknown
1,629
9,652
-
93.568
93.568
Unknown
Unknown
414,813
196,025
-
93.645
93.645
93.667
93.670
93.670
93 563
93.563
93.674
Unknown
Unknown
Unknown
Unknown
Unknown
Unknown
Unknown
Unknown
45,466
364,770
93,216
191,142
1,186,698
22,341
303,868
11,821
36,799
4,600
93.667
93.667
Unknown
Unknown
48,218
23,419
23,954
93.596
Unknown
244,850
-
93.575
93.575
93.596
93.596
Unknown
Unknown
Unknown
Unknown
1,364,445
759,263
1,322,435
3,690,993
116,215
90 617
90,617
130,763
337,595
1,590
(539)
Division of Child Development:
Subsidized Child Care
Child Care Development Fund Cluster:
Child Care Development Fund - Administration
Division of Child Development:
Child Care and Development Block Grant
Child Care and Development Fund - Discretionary
Child Care and Development Fund - Mandatory
Child Care and Development - Match
Total Child Care Development Fund Cluster
CO - 12
739,573
739,573
Exhibit L-2
(Page 3 of 7)
Social Services Block Grant
TANF
Smart Start
State Appropriations
TANF - MOE
Total Subsidized Child Care
Passed through N.C. Department of Administration:
HAVA Accessibility Grant
Federal
CFDA
Number
State/
Pass-Through
Grantors
Number
93.667
93.558
N/A
N/A
N/A
Unknown
Unknown
N/A
N/A
N/A
93.617
Unknown
93.778
Unknown
87,234,903
45,302,752
93.778
Unknown
1,384,681
121,655
93.767
Unknown
82,957
5,734
93.217
93.268
93.283
93.283
93.558
93.991
93.994
Unknown
Unknown
Unknown
Unknown
Unknown
Unknown
Unknown
133,828
33,916
54,208
14,624
13,931
188,147
-
93.889
Unknown
Federal
(Direct &
Pass-Through)
State
Expenditures
Expenditures
10,820
1,147,980
4,849,793
-
32,550
72,414
981,686
1,826,223
-
Centers for Medicare and Medicaid Services
Services:
Division of Medical Assistance:
Direct Benefit Payments:
Administration:
State Children's Insurance Program - N.C. Health
Choice
Health Resources and Services Administration
Services:
Division of Public Health:
Family Planning Services
Immunization Program/Aid to County Funding
Bioterrorism Grant
Prevention-Investigation And Technical Assistance
Temporary Assistance for Needy Families
Statewide Health Promotion Program
Maternal and Child Health Services Block Grant
Division of Facility Services:
HRSA Bioterrorism Grant
Total U.S. Department of Health and Human Services
100,978,463
48,241,625
U. S. Department of Commerce
Passed through N. C. Department of Commerce:
CDBG Infrastructure Hook-Up Grant
14.228
Unknown
-
-
National Foundation on the Arts
Passed through N. C. Department of Cultural Resources:
Library Services & Technology Act (LSTA)
45.310
Unknown
15,000
-
66.951
Unknown
15,000
-
Environmental Protection Agency
Passed through N. C. Department of Environment and Natural
Resources:
Environmental Education Grant
120,127,237
Total Federal Awards
CO - 13
48,241,625
Exhibit L-2
(Page 4 of 7)
Federal
CFDA
Number
State/
Federal
Pass-Through
(Direct &
Grantors
Pass-Through)
Number
Expenditures
State
Expenditures
STATE AWARDS:
N.C. Department of Cultural Resources
Division of State Library
State Aid to Public Libraries
N.C. Department of Health and Human Services
State/County Special Assistance for Adults - DBP
Foster Care at Risk Maximization
State Foster Home
State Foster Care HIV
Smart Start
State Adult Protective Service
Energy Assistance Private Grants
N/A
N/A
-
200,121
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-
1,464,122
3,710
54,987
7,000
69,888
N/A
N/A
-
20,703
N/A
N/A
-
2,328
-
1,622,738
-
271,623
3,708
30,395
12,500
48,764
16,564
8,895
6,478
787
4,669
-
404,383
-
162,241
-
2,189,362
-
5,680
281,321
8,330
15,100
12,000
13,330
41,375
-
377,136
Total Division of Social Services
Division of Public Health:
General
Minority Health
Communicable Disease
Tuberculosis
AIDS-State
Targeted Infant Mortality Reduction
Minority Infant Reduction
Women's Preventative Health
Children's Special Health Services
Risk Reduction/Health Promotion
Immunization - State
TB Medical Services
Healthy Carolinas Partnership Support
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Division of Public Health
Passed through Piedmont Triad Council of Governments
In-Home Services
N/A
N/A
Total N.C. Department of Health and Human Services
N.C. Office of Juvenile Justice:
15A Division Psychological Services
Juvenile Mediation Program
Mosaic After School
Boys to Men
Salvation Army Boys & Girls Club
Alamance Community Summer Achievement
Found in Him Ministry
Easter Seals UCP North Carolina
Teen Achievers
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total N.C. Office of Juvenile Justice
CO - 14
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Exhibit L-2
(Page 5 of 7)
Federal
CFDA
Number
State/
Federal
Pass-Through
(Direct &
Grantors
Pass-Through)
Number
Expenditures
State
Expenditures
N.C. Department of Public Instruction
Public School Building Capital Fund
N/A
N/A
-
440,383
Elderly and Handicapped Transportation Assistance
Work First
N/A
N/A
9.9050716
N/A
-
124,469
48,656
Rural General Public
N/A
N/A
-
97,970
-
271,095
N.C. Department of Transportation
Total N.C. Department of Transportation
N.C. Department of Administration
Division of Veteran's Affairs
N/A
N/A
-
2,000
N/A
N/A
-
-
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-
54,889
22,487
-
77,376
-
3,557,473
N. C. Department of Commerce
Wetland Restoration
N.C. Department of Environment and Natural Resources
Scrap Tire Disposal
White Goods Management Account Grant
Clean Water Management Trust Fund
Conservation Technology Grant
Total N.C. Department of Environment and Natural
Resources
Total State Awards
Total Federal and State Awards
$
120,127,237
$
51,799,098
NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AND STATE FINANCIAL AWARDS:
1. Basis of Presentation
The accompanying schedule of expenditures of federal and State awards includes the federal and State grant activity of
Alamance County and is presented on the modified accrual basis of accounting. The information in this schedule is
presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments, and
Non- Profit Organizations and the State Single Audit Implementation Act. Therefore, some amounts presented in this
schedule may differ from amounts presented in or used in the preparation of the basic financial statements. Benefit
payments are paid directly to recipients and are not included in the County's basic financial statements. However,
due to the County's involvement in determining eligibility they are considered federal awards to the County and are included
on this schedule.
2. Sub-recipients
Of the federal and State expenditures presented in the schedule, Alamance County provided Federal and State awards to
sub-recipients as presented on pages 6 and 7 of this Exhibit.
3. The following are clustered by the NC Department of Health and Human Services and are treated separately for State
audit requirement purposes: Subsidized Child Care and the Foster Care and Adoption.
CO - 15
Exhibit L-2
(Page 6 of 7)
Sub-recipient
Program Title
CFDA
Number
Pass-through
Grantor's
Number
N/A
Unknown
Federal
Expenditures
State
Expenditures
$
$
Alamance-Caswell Area Mental
Health, Developmental
Disabilities and Substance
Abuse Authority
N. C. Department of Corrections
Alamance County Community
Services Agency, Inc.
NSIP Supplement
10.570
Unknown
24,859
-
Crisis Intervention Program
93.568
Unknown
386,549
-
Special Program for the Aging Title III, Part B - Grants for
Supportive Services and Senior
Centers
93.044
Unknown
25,950
34,050
Special Program for the Aging Title III, Part C - Nutrition
Services
93.045
Unknown
103,257
41,971
N/A
Unknown
-
281,321
-
-
Alamance County Dispute
Settlement Center, Inc.
Office of Juvenile JusticeJuvenile Mediation
Alamance Eldercare, Inc.
Special Programs for the Aging Title III, Part B - Grants for
Centers
93.044
Unknown
53,438
70,119
NSIP Supplement
10.570
Unknown
43,534
-
Special Program for the Aging Title III, Part C - Nutrition
Services
93.045
Unknown
74,431
56,035
Alamance County Meals on
Wheels
Homecare Providers
Friendship Center of Alamance,
Inc.
N/A
Unknown
-
91,171
Centers
In Home Services
93.044
Unknown
27,240
1,616
93.667
Unknown
10,023
287
N/A
Unknown
-
71,070
Centers
93.044
Unknown
21,235
1,260
93.667
Unknown
7,813
224
In Home Services
CO - 16
Exhibit L-2
(Page 7 of 7)
Sub-recipient
Alamance County Transportation Authority
Program Title
Centers
CFDA
Number
Pass-through
Grantor's
Number
93.044
Elderly and Handicapped
Transportation Assistance
Rural General Public
Preventive Health
Positive Attitude Youth Center,
Inc
State
Expenditures
Unknown
45,736
60,011
N/A
9.9050716
-
124,469
N/A
N/A
-
58,985
93.991
93.667
N/A
N/A
N/A
Unknown
-
41,375
N/A
Unknown
-
13,330
428,215
25,945
122,217
Office of Juvenile Justice:
Teen Achievers
Easter Seals UCP North
Carolina
Federal
Expenditures
Office of Juvenile Justice
CO - 17

FY 2008 Audit - Alamance County, North Carolina

Transcription

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