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Schedule E-3 <br />ORANGE COUNTY, NORTH CAROLINA <br />EFLAND SEWER OPERATING FUND <br />SCHEDULE OF REVENUES AND EXPENDITURES - <br />BUDGET AND ACTUAL (NON-GAAP) <br />FOR THE YEAR ENDED JUNE 30, 2012 <br />Actual <br />Variance <br />BudgetActualOver/Under <br />Revenues: <br />Service fees$ 142,000$ 146,202$ 4,202 <br />-6666 <br />Interest on investments <br />142,000146,2684,268 <br />Total revenues <br />Expenditures: <br />Operations <br />185,200184,850(350) <br />45,30044,700(600) <br />Repairs and maintenance <br />Total expenditures230,500229,550(950) <br />Revenues over (under) expenditures(88,500)(83,282)5,218 <br />Other Financing Sources (Uses): <br />88,50088,500- <br />Transfers in <br />88,50088,500- <br />Total other financing sources (uses) <br />Revenues and other financing sources over <br />$ -$ 5,218$ 5,218 <br /> (under) expenditures and other financing sources <br />Reconciliation of Modified Accrual Basis to Full Accrual Basis: <br />Efland Sewer Operating Fund: <br />Revenues and other financing sources over <br /> (under) expenditures and other financing uses$ 5,218 <br />Reconciling items: <br />(87,134) <br />Depreciation expense <br />Change in net assets$ (81,916) <br />111 <br /> <br />