Agenda - 05-08-2014-13 (5) - Laserfiche WebLink

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Capital Funds • The County Capital Funds revenues and other financing sources total $14.4 million compared to expenditures of approximately $6.6 million. The main revenue and financing source are the funds received for the installment financing proceeds received in July 2013 and January 2014 of this fiscal year. The majority of the current fiscal year expenditures related to construction cost incurred for the Buckhorn Mebane Economic Development District and communication system improvements for Emergency Services as part of the strategic plan. • The School Capital Funds revenues and other financing sources total $9.4 million compared to expenditures total $6.3 million. The majority of the current fiscal year expenditures related to construction cost incurred for Northside Elementary (CHCCS) and technology for both school districts. Solid Waste Fund Total revenues and transfers for the Solid Waste Fund decreased 2.3 million over the same period in the previous fiscal year to $7.0 million. Revenues and other financing sources and uses lower due to the closure of the landfill as of June 30, 2013. Total revenues collected are 48% of the amended budget for the fiscal year. • Total expenses for the Solid Waste Fund decreased 12% over the same period in the previous fiscal year to $6.1 million. Total expenditures are 42% of the budget for the fiscal year. Revenues and transfers are greater than expenses by $851,528 compared to greater than expenses by $1.5 million over the same period in the previous fiscal year due to the closure of the Landfill. Sportsplex Fund • Total revenues for the Sportsplex Fund are approximately the same for the period in the previous year. Total revenues are 64% of the amended budget for the fiscal year. • Total expenditures for the Sportsplex Fund increased 7% over the same period in the previous fiscal year to $1.4 million. Total expenses are 32% of the budget for the fiscal year. Revenues and net transfers are less than expenses by $156,253, which is nominally the same as the previous fiscal year.