|
Exhibit H
<br />ORANGE COUNTY, NORTH CAROLINA
<br />STATEMENT OF REVENUES, EXPENSES, AND CHANGES
<br />IN FUND NET ASSETS - PROPRIETARY FUNDS
<br />FOR THE YEAR ENDED JUNE 30, 2012
<br />Internal Service Funds
<br />Major
<br />Nonmajor
<br />TotalDentalOPC
<br />Solid WasteSportsPlexEfland SewerEnterpriseInsuranceRetiree Health
<br />FundFundFundFundsFundFund
<br />Operating Revenues:
<br />Landfill fees$ 8,236,087$-$-$8,236,087$-$ -
<br />Service fees -2,785,702146,2022,931,904- -
<br />Other 110,055--110,055- -
<br />----362,899510,006
<br />Employee contributions
<br />8,346,1422,785,702146,20211,278,046362,899510,006
<br />Total operating revenues
<br />Operating Expenses:
<br />Landfill5,982,636--5,982,636- -
<br />General and administrative1,982,0672,432,792184,8504,599,70938,210 -
<br />Repairs and maintenance --44,70044,700- -
<br />Depreciation 786,278259,01087,1341,132,422- -
<br />Post-closing cost
<br /> 1,774,503--1,774,503- -
<br />----438,652-
<br />Claims expense
<br />10,525,4842,691,802316,68413,533,970476,862-
<br />Total operating expenses
<br />Operating income (loss)(2,179,342)93,900(170,482)(2,255,924)(113,963)510,006
<br />Non-Operating Revenues (Expenses):
<br />Investment earnings10,001-6610,067140 -
<br />Interest and fees (26,936)(217,318)-(244,254)- -
<br />419,354--419,354--
<br />Grant - State
<br />402,419(217,318)66185,167140-
<br />Total non-operating revenues (expenses)
<br />Income (loss) before contributions
<br /> and transfers (1,776,923)(123,418)(170,416)(2,070,757)(113,823)510,006
<br />1,617,852649,27988,5002,355,63110,000-
<br />Transfers in
<br />Change in net assets (159,071)525,861(81,916)284,874(103,823)510,006
<br />Net Assets:
<br />2,855,4471,411,1302,607,1376,873,714278,831-
<br />Beginning of year - July 1
<br />End of year - June 30$2,696,376$1,936,991$2,525,221$7,158,588$175,008$510,006
<br />The accompanying notes are an integral part of the financial statements.
<br />25
<br />
<br />
|