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ORANGE COUNTY, NORTH CAROLINA
<br />COUNTY CAPITAL IMPROVEMENTS FUND
<br />SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
<br />IN FUND BALANCE - BUDGET AND ACTUAL (UNAUDITED)
<br />FROM INCEPTION AND FOR THE NINE MONTHS ENDED MARCH 31, 2014
<br />Other Financing Sources (Uses):
<br />Bond issuance costs
<br />9,015,794
<br />2,502,871
<br />Actual
<br />2,502,871
<br />Refunding bonds
<br />Budget
<br />Reported in
<br />Current
<br />Total
<br />Bond premium
<br />to Date
<br />Prior Years
<br />Year
<br />to Date
<br />Hillsborough Commons
<br />3,790,000
<br />3,780,709
<br />13,692,453
<br />3,780,709
<br />Board of Elections office
<br />97,000
<br />34,750
<br />-
<br />34,750
<br />Piedmont Food and Agriculture Processing
<br />1,494,825
<br />1,425,285
<br />-
<br />1,425,285
<br />Eno EDD
<br />200,000
<br />-
<br />41,737
<br />41,737
<br />800 MHz Radios
<br />700,000
<br />473,436
<br />-
<br />473,436
<br />Dental equipment
<br />100,000
<br />74,190
<br />1,046
<br />75,236
<br />Buckhom EDD Phase 2
<br />4,452,046
<br />619,861
<br />2,676,876
<br />3,296,737
<br />Payroll Software System
<br />329,861
<br />311,100
<br />-
<br />311,100
<br />129 East King Street
<br />145,000
<br />109,991
<br />-
<br />109,991
<br />Central Efland Buckhorn Sewer
<br />4,848,400
<br />3,569,274
<br />5,295
<br />3,574,569
<br />McGowan Creek Outfall
<br />755,450
<br />7,740
<br />49,571
<br />57,311
<br />Energy Bank
<br />50,000
<br />-
<br />41,220
<br />41,220
<br />Viper Radio System
<br />543,750
<br />-
<br />-
<br />-
<br />Communication System Improvements
<br />1,101,978
<br />744,261
<br />593,236
<br />1,337,497
<br />Lake Orange Capital Maintenance
<br />346,300
<br />189,647
<br />-
<br />189,647
<br />Observation Well Network
<br />11,330
<br />11,297
<br />-
<br />11,297
<br />Jail New Campus
<br />-
<br />3,419
<br />140,199
<br />143,618
<br />Historic Rogers Road Community Center
<br />650,000
<br />-
<br />-
<br />-
<br />Future EMS Stations
<br />50,000
<br />-
<br />4,774
<br />4,774
<br />Southern Orange Campus (Future)
<br />300,000
<br />103,009
<br />121,370
<br />224,379
<br />Southwest Branch Library
<br />700,000
<br />56,576
<br />4,965
<br />61,541
<br />Efland Sewer to Mebane
<br />226,800
<br />-
<br />28,500
<br />28,500
<br />Unallocated
<br />200,000
<br />-
<br />143,317
<br />143,317
<br />Issuance costs and fees
<br />1,566,376
<br />948,611
<br />139,407
<br />1,088,018
<br />Total expenditures
<br />123,197,653
<br />98,675,562
<br />6,639,003
<br />105,314,565
<br />Revenues over (under) expenditures
<br />(106,975,113)
<br />(81,704,218)
<br />(6,592,807)
<br />(88,297,025)
<br />Other Financing Sources (Uses):
<br />Bond issuance costs
<br />9,015,794
<br />2,502,871
<br />2,502,871
<br />Refunding bonds
<br />20,000,000
<br />132,448,500
<br />132,448,500
<br />Bond premium
<br />2,000,000
<br />17,638,520
<br />-
<br />17,638,520
<br />Installment loan issuance
<br />75,637,865
<br />59,567,506
<br />13,692,453
<br />73,259,959
<br />Capital lease issuance
<br />-
<br />2,540,999
<br />-
<br />2,540,999
<br />Payment to escrow agent
<br />(20,603,624)
<br />(141,736,447)
<br />-
<br />(141,736,447;
<br />Transfers in
<br />23,308,141
<br />19,211,630
<br />697,400
<br />19,909,030
<br />Transfers out
<br />(3,730,000)
<br />(3,424,264)
<br />-
<br />(3,424,264;
<br />Appropriated fund balance
<br />1,346,937
<br />-
<br />-
<br />-
<br />Total other financing sources (uses)
<br />106,975,113
<br />88,749,315
<br />14,389,853
<br />103,139,168
<br />Net change in fund balance
<br />$ - $
<br />7,045,097
<br />7,797,046 $
<br />14,842,143
<br />Fund Balance:
<br />Beginning of year - July 1 7,045,097
<br />Nine Months Ended - March 31 $ 14,842,143
<br />8
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