| TOWN OF CARY, NORTH CAROLINA |
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| STATEMENT OF
REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES |
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| GOVERNMENTAL FUNDS |
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| For the Year Ended June
30, 2009 |
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| EXHIBIT E |
Major Funds |
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Non-Major Funds Reported as Major Funds |
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Economic |
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Capital |
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Amphitheatre |
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Transit |
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911 |
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CDBG |
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Development |
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Total |
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General |
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Projects |
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Special |
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Special |
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Special |
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Special |
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Special |
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Governmental |
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Fund |
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Fund |
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Revenue Fund |
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Revenue Fund |
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Revenue Fund |
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Revenue Fund |
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Revenue Fund |
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Funds |
| REVENUES |
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| Ad Valorem Taxes |
$64,851,809 |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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64,851,809
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| Other Taxes and Licenses |
25,564,815 |
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--- |
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--- |
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--- |
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434,032 |
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--- |
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--- |
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25,998,847
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| Unrestricted
Intergovernmental |
7,528,841 |
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634,986 |
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--- |
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--- |
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--- |
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--- |
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--- |
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8,163,827
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| Restricted
Intergovernmental |
372,432 |
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6,903,369 |
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--- |
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1,275,445 |
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--- |
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554,110 |
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25,000 |
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9,130,356
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| Permits and Fees |
3,354,994 |
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3,310,484 |
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--- |
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487,933 |
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--- |
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--- |
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--- |
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7,153,411
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| Sales and Services |
11,071,565 |
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--- |
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--- |
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162,592 |
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--- |
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--- |
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--- |
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11,234,157
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| Investment Earnings, net
of market adjustment |
2,561,111 |
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4,043,171 |
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--- |
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--- |
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12,559 |
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--- |
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--- |
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6,616,841
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| Reimbursements |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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| Miscellaneous |
2,370,572 |
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790,546 |
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--- |
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--- |
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--- |
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--- |
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58,289 |
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3,219,407
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| Assessments Collections |
--- |
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--- |
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--- |
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--- |
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--- |
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| Govt Revenue |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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| Govt Revenue |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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| TOTAL REVENUES |
117,676,139
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15,682,556
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--- |
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1,925,970
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446,591
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554,110
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83,289 |
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136,368,655
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| EXPENDITURES |
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| Current: |
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| General Government |
26,621,512 |
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--- |
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--- |
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3,368,864 |
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225,824 |
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554,110 |
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713,293 |
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31,483,603
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| Public Safety |
34,014,789 |
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--- |
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--- |
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--- |
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--- |
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--- |
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34,014,789
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| Public Works |
16,347,221 |
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--- |
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--- |
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--- |
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--- |
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--- |
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16,347,221
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| Environmental Protection |
6,738,105 |
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--- |
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6,738,105
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| Cultural and Recreational |
10,174,335 |
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408,551 |
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--- |
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--- |
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--- |
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--- |
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10,582,886
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| Expenditure |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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| Expenditure |
--- |
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| Debt service: |
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| Principal |
8,296,355 |
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--- |
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--- |
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--- |
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--- |
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--- |
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8,296,355
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| Interest |
3,988,326 |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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3,988,326
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| Bond Service Charges |
335,293 |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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335,293
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| Capital outlay |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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| Capital Projects |
--- |
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41,997,076 |
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--- |
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--- |
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--- |
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--- |
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--- |
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41,997,076
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| Other Expenditures |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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| TOTAL EXPENDITURES |
106,515,936
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41,997,076
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408,551
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3,368,864
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225,824
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554,110
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713,293
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153,783,654
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| REVENUES OVER (UNDER)
EXPENDITURES |
11,160,203
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(26,314,520) |
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(408,551) |
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(1,442,894) |
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220,767
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--- |
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(630,004) |
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(17,414,999) |
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| OTHER FINANCING SOURCES
(USES) |
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| Transfers In |
13,573,200 |
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18,543,502 |
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725,462 |
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1,481,803 |
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--- |
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--- |
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--- |
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34,323,967
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| Transfers Out |
(19,750,767) |
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(13,474,200) |
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--- |
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--- |
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(99,000) |
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--- |
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(33,323,967) |
| Sub-fund
transfers - HIDE s/b $0 |
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--- |
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--- |
| Sale of Assets |
203,772 |
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3,400 |
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--- |
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--- |
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--- |
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--- |
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--- |
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207,172
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| Capital Lease
Obligations Issued |
2,129,500 |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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2,129,500
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| Installment Purchase
Contracts |
--- |
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1,315,000 |
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--- |
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--- |
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--- |
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--- |
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--- |
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1,315,000
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| NCDOT Loan Payment |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
| General Obligation Bonds
Issued |
14,054,603 |
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29,817,182 |
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--- |
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--- |
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--- |
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--- |
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--- |
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43,871,785
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| Payment
to Escrow for Defeasance of Debt |
(13,797,515) |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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(13,797,515) |
| Miscellaneous |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
| OFS/OFU (Govt) |
--- |
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--- |
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| TOTAL OTHER FINANCING
SOURCES (USES) |
(3,587,207) |
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36,204,884
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725,462
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1,481,803
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(99,000) |
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--- |
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--- |
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34,725,942
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| Special items |
--- |
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| Extraordinary items |
--- |
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--- |
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| NET CHANGE IN FUND
BALANCE |
7,572,996
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9,890,364
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316,911
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38,909
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121,767
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--- |
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(630,004) |
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17,310,943 |
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| FUND BALANCE - Beginning
of Year |
66,676,018 |
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110,630,599 |
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655,515 |
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651,482 |
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424,188 |
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--- |
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804,732 |
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179,842,534
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| FUND BALANCE - End of
Year |
$74,249,014
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120,520,963
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972,426 |
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690,391 |
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545,955 |
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--- |
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174,728 |
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197,153,477
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| The
accompanying notes are an integral part of these basic financial statements. |
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