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ORANGE COUNTY, NORTH CAROLINA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2012 Transfers are used to move unrestricted General Fund revenues to finance various programs that the government must account for in other funds in accordance with budgetary authorizations, including amounts provided as subsidies or matching funds for various grant programs. 10. Benefit Payments Issued by the State The amounts listed below were paid directly to individual recipients by the State from federal and State monies on behalf of the County. County personnel are involved with certain functions, primarily eligibility determinations, which cause benefit payments to be issued by the State. These amounts disclose this additional aid to County recipients, which do not appear in the basic financial statements because they are not revenues and expenditures of the County. 11.Closure and Post-Closure Care Costs Landfill Facilities Federal and State laws and regulations have required the County to place a final cover on its landfill facility when it stopped accepting waste and to perform certain maintenance and monitoring functions at the site for thirty years after closure. The County continues required monitoring during the post- closure care period for up to thirty years. Post-closure costs consist of water quality monitoring, maintenance of the landfill surface, vegetation, mowing, inspections, and recordkeeping. Costs during the monitoring period are estimated to be $97,000 per year. The $13,741,104 reported as landfill closure and post-closure care liability at June 30, 2012 represents a cumulative amount reported to-date based on the use of 90 percent of the total estimated capacity of the landfill. The County will recognize the remaining estimated cost of closure and post-closure care of $1 million as the remaining estimated capacity is filled. These amounts are based on what it would cost to perform all closure and post-closure care in 2012. The County expects to close the landfill in the year 2013. Actual costs may be higher due to inflation, changes in technology, or changes in regulations. The Orange Regional Landfill expects that any future inflation costs will be paid from the Landfill's current enterprise funds or would be covered by charges to future landfill users. The Orange Regional Landfill was required by federal and State laws and regulations to meet financial assurance requirements effective April 9, 1994 to guarantee the ability to finance closure and post-closure care. The financial assurance requirements can be met by meeting one of several optional financial tests developed and required by the State of North Carolina Department of Environment, Health, and Natural Resources. 67