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Orange County <br /> 2012 Audited Financial Statements <br /> Audit Highlights <br /> ❑ Unqualified opinion <br /> Staff was fully prepared and cooperative <br /> Budget vs. Actual <br /> General Fund <br /> Tax Collection Percentages <br /> Fund Balance History (General Fund) <br /> Fund Balance <br /> Available fund balance as defined by the Local Government Commission (LGC) is calculated <br /> as follows: <br /> Total Fund Balance <br /> Less: Non spendable (not in cash form, not available) <br /> Less: Stabilization by State Statute (by state law, not available) <br /> Available Fund Balance <br /> This is the calculation utilized as the basis for comparing you to other units and <br /> calculating your fund balance percentages. <br /> Fund Balance Position-General Fund <br /> Total Fund Balance $47,859,506 <br /> Non spendable - 34,734 <br /> Stabilization by State Statute - 8,399,062 <br /> Available Fund Balance $39,425,710 <br /> Available Fund Balance 2011 $28,966,701 <br /> Increase in Available FB $10,459,009 <br /> Available Fund Balance as a Percent of Expenditures and Transfers out—General Fund <br /> Major Enterprise Funds <br /> SportsPlex Solid Waste <br /> Fund Fund <br /> Total operating revenues $ 2,785,702 $ 8,346,142 <br /> Total operating expenses $ 2,691,802 $ 10,525,484 <br /> Operating Loss $ 93,900 $ (2,179,342) <br /> Major Enterprise Funds <br /> Cash Flow Unrestricted <br /> Debt Service From Operations Net Assets <br /> Solid Waste $ 554,634 $ 1,001,323 $ 1,854,591 <br /> SportsPlex $ 593,685 $ 381,402 $ 972,165 <br /> Clarence Grier said that this report is in draft format because there is a re-funding item <br /> that the LGC is still reviewing, but this is 99.9% done. <br />