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Schedule E-1
<br />ORANGE COUNTY, NORTH CAROLINA
<br />SOLID WASTE LANDFILL FUND
<br />SCHEDULE OF REVENUES AND EXPENDITURES -
<br />BUDGET AND ACTUAL (NON-GAAP)
<br />FOR THE YEAR ENDED JUNE 30, 2012
<br />Variance
<br />BudgetActualOver/Under
<br />Revenues:
<br />Landfill fees$ 2,894,060$ 2,804,460$ (89,600)
<br />Sanitation fees383,843380,777(3,066)
<br />Recycling4,753,2644,910,192156,928
<br />Mulch sales105,000140,65835,658
<br />Grants - State425,590419,354(6,236)
<br />Other10,000110,055100,055
<br />Investment earnings
<br />20,00010,001(9,999)
<br />6,500-(6,500)
<br />Gain on disposal of fixed assets
<br />8,598,2578,775,497177,240
<br />Total revenues
<br />Expenditures:
<br />Administration1,762,7221,737,45525,267
<br />Landfill3,978,5081,905,0482,073,460
<br />Recycling3,199,2283,364,811(165,583)
<br />4,568,3051,302,6583,265,647
<br />Contract services
<br />13,508,7638,309,9725,198,791
<br />Total expenditures
<br />(4,910,506)465,5255,376,031
<br />Revenues over (under) expenditures
<br />Other Financing Sources (Uses):
<br />Debt service, proceeds3,000,0003,000,000-
<br />Debt service - principal(732,706)(527,698)205,008
<br />Debt service - interest-(26,936)(26,936)
<br />Transfers in1,989,5661,617,852(371,714)
<br />Capital contributions(756,747)-756,747
<br />1,410,393-(1,410,393)
<br />Appropriated fund balance
<br />4,910,5064,063,218(847,288)
<br />Total other financing sources (uses)
<br />Revenues and other financing sources over
<br />$ -$ 4,528,743$ 4,528,743
<br /> (under) expenditures and other financing sources
<br />Reconciliation of Modified Accrual Basis to Full Accrual Basis:
<br />Revenues and other financing sources over
<br /> (under) expenditures and other financing uses$ 4,528,743
<br />Reconciling items:
<br />Depreciation(786,278)
<br />Post-closing cost(1,755,866)
<br />OPEB(244,612)
<br />Capital outlay571,244
<br />Debt service - principal
<br />527,698
<br />Debt service - proceeds(3,000,000)
<br />$ (159,071)
<br />Change in net assets
<br />109
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