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110
<br />LEE COUNTY, NORTH CAROLINA
<br />Exhibit 5
<br />Statement of Revenues, Expenditures, and Changes in Fund Balance -
<br />Budget and Actual - General Fund
<br />For the Year Ended June 30, 2011
<br />Variance With
<br />Budget
<br />Final Budget
<br />Original
<br />Final
<br />Actual
<br />Over /(Under)
<br />Revenues:
<br />Ad valorem taxes
<br />$ 35,120,750
<br />$ 35,120,750
<br />$ 36,474,268
<br />$ 1,353,518
<br />Local option sales taxes
<br />8,584,520
<br />8,584,520
<br />8,835,342
<br />250,822
<br />Other taxes and licenses
<br />385,500
<br />385,500
<br />355,988
<br />(29,512)
<br />Unrestricted intergovernmental
<br />996,830
<br />996,830
<br />1,039,083
<br />42,253
<br />Restricted intergovernmental
<br />10,208,502
<br />12,956,626
<br />11,574,226
<br />(1,382,400)
<br />Permits and fees
<br />262,000
<br />262,000
<br />245,800
<br />(16,200)
<br />Sales and services
<br />1,863,624
<br />1,866,730
<br />2,003,044
<br />136,314
<br />Investment earnings
<br />150,000
<br />150,000
<br />99,811
<br />(50,189)
<br />Miscellaneous
<br />251,428
<br />295,028
<br />400,478
<br />105,450
<br />Total revenues
<br />57,823,154
<br />60,617,984
<br />61,028,040
<br />410,056
<br />Expenditures:
<br />Current:
<br />General government
<br />7,274,229
<br />7,705,186
<br />7,214,203
<br />490,983
<br />Public safety
<br />7,930,164
<br />8,455,820
<br />8,273,060
<br />182,760
<br />Economic and physical development
<br />1,750,191
<br />3,660,991
<br />2,930,204
<br />730,787
<br />Human services
<br />14,937,638
<br />15,585,648
<br />13,980,608
<br />1,605,040
<br />Education
<br />19,242,720
<br />20,066,087
<br />19,366,305
<br />699,782
<br />Cultural and recreational
<br />1,950,580
<br />1,987,562
<br />1,847,347
<br />140,215
<br />Debt service:
<br />Principal retirement
<br />4,392,526
<br />4,392,526
<br />4,392,526
<br />-
<br />Interest and fees
<br />4,094,237
<br />4,144,237
<br />4,142,025
<br />2,212
<br />Total expenditures
<br />61,572,285
<br />65,998,057
<br />62,146,278
<br />3,851,779
<br />Revenues over(under)expenditures
<br />(3,749,131)
<br />(5,380,073)
<br />(1,118,238)
<br />4,261,835
<br />Other Financing Sources (Uses):
<br />Transfers from other funds
<br />1,995,968
<br />2,049,503
<br />2,048,428
<br />(1,075)
<br />Transfers to other funds
<br />(350,000)
<br />(1,270,000)
<br />(1,270,000)
<br />-
<br />Total other financing sources (uses) 1,645,968
<br />779,503
<br />778,428
<br />(1,075)
<br />Net change in fund balance
<br />(2,103,163)
<br />(4,600,570)
<br />(339,810)
<br />4,260,760
<br />Appropriated fund balance
<br />2,103,163
<br />4,600,570
<br />-
<br />(4,600,570)
<br />Revenues, other financing sources, and
<br />appropriated fund balance over (under)
<br />expenditures and other financing uses
<br />$ -
<br />$ -
<br />(339,810)
<br />$ (339,810)
<br />Fund balance, beginning of year
<br />16,170,806
<br />Fund balance, end of year
<br />$ 15,830,996
<br />The notes to the financial statements are an integral part of this statement.
<br />LY" R lA F
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