Orange County NC Website
Browse       Search
Schedule E-2 <br />ORANGE COUNTY, NORTH CAROLINA <br />SPORTSPLEX 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 />$ 2,541,050$ 2,785,702$ (244,652) <br />Service fees <br />2,541,0502,785,702(244,652) <br />Total revenues <br />Expenditures: <br />2,952,0502,432,792519,258 <br />Operations <br />. <br />(411,000)352,910(763,910) <br />Revenues over (under) expenditures <br />Other Financing Sources (Uses): <br />Debt service, principal(649,279)(376,367)(272,912) <br />Debt service, interest-(217,318)217,318 <br />Transfers in649,279649,279- <br />411,000-411,000 <br />Appropriated fund balance <br />411,00055,594355,406 <br />Total other financing sources (uses) <br />Revenues and other financing sources over <br />$ -$ 408,504$ 408,504 <br /> (under) expenditures and other financing sources <br />Reconciliation of Modified Accrual Basis to Full Accrual Basis: <br />SportsPlex Operating Fund: <br />Revenues and other financing sources over <br /> (under) expenditures and other financing uses$ 408,504 <br />Reconciling items: <br />Depreciation expense(259,010) <br />376,367 <br />Debt service <br />117,357 <br />Total reconciling items <br />$ 525,861 <br />Change in net assets <br />110 <br /> <br />