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Moore County 2012 Comprehensive Annual Financial Report

Moore County 2012 Comprehensive Annual Financial Report. Audit Highlights. Unqualified opinion No significant deficiencies in internal control No compliance findings Cooperative Staff. General Fund Summary. Fund Balance. Serves as a measure of the County’s financial resources available.

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Moore County 2012 Comprehensive Annual Financial Report

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  1. Moore County 2012 Comprehensive Annual Financial Report

  2. Audit Highlights • Unqualified opinion • No significant deficiencies in internal control • No compliance findings • Cooperative Staff

  3. General Fund Summary

  4. Fund Balance • Serves as a measure of the County’s financial resources available. • Assets – Liabilities = Fund Balance 5 Classifications: • Non spendable - not in cash form • Restricted - external restrictions (laws, grantors) • Committed - internal constraints at the highest (Board) level-do not expire, require Board action to undo • Assigned - internal constraints, lower level than committed • Unassigned - no external or internal constraints

  5. Total Fund Balance General Fund $706,336

  6. Available Fund Balance Available fund balance as defined by the Local Government Commission (LGC) is calculated as follows: Total Fund Balance Less: Non spendable (not in cash form, not available) Less: Stabilization by State Statute (by state law, not available) Available Fund Balance This is the calculation utilized as the basis for comparing you to other units and calculating your fund balance percentages.

  7. Fund Balance Position-General Fund • Total Fund Balance $31,340,972 • Non spendable - 507,541 • Stabilization by State Statute - 9,097,467 • Available Fund Balance $21,735,964 Available Fund Balance % of Expenditures 26%

  8. Top 3 Revenues:General Fund Total Revenues $ 85,292,227

  9. Property Tax

  10. Sales Tax

  11. Restricted Intergovernmental

  12. Top 3 Expenditures:General Fund Total Expenditures $ 82,721,258

  13. Education

  14. Human Services

  15. Public Safety

  16. Water Pollution Control Plant 20122011 Unrestricted Net Assets $ 6,775,070 $ 4,699,632 Cash Flow From Operations (7,429,246) 1,950,861 Net Income (GAAP) 1,127,099 2,816,285 Net Income (Cash Basis) 2,136,636 2,501,726

  17. Public Utilities 20122011 Unrestricted Net Assets$ 2,069,290 $ 4,044,227 Cash Flow From Operations 1,228,863 1,966,832 Net Income (GAAP) (502,310) 38,528 Net Income (Cash Basis)(6,966,396) 9,297,456

  18. East Moore Water District 20122011 Unrestricted Net Assets$ 557,715 $(1,390,512) Cash Flow From Operations9,3331,176,586 Net Income (GAAP) (667,907) (374,713) Net Income (Cash Basis)1,960,561 (1,793,918)

  19. Discussion & Questions

  20. Moore County 2012 Comprehensive Annual Financial Report

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