COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2008_part7 pot

NON-MAJOR GOVERNMENTAL FUNDS

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Schedule 4
GASTON COUNTY, NORTH CAROLINA
NONMAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET
JUNE 30, 2008
Special Debt Total Nonmajor
Revenue
Service Governmental
Assets:
Cash and cash equivalents 2,118,766$ 3,206,090$ 5,324,856$
Ad valorem taxes receivable, net 260,614 - 260,614
Accounts receivable 121,589
- 121,589
Total assets 2,500,969$
3,206,090$ 5,707,059$
Liabilities and Fund Balances:
Liabilities:

Accounts payable and accrued liabilities 25,506$ -$ 25,506$
Deferred revenue 260,607
- 260,607
Total liabilities 286,113
- 286,113
Fund Balances:
Reserved for encumbrances 55,109 - 55,109
Reserved by State statute 121,589 - 121,589
Reserved for police 463,870 - 463,870
Reserved for sheriff 109,757 - 109,757
Reserved for volunteer fire districts 788,561 - 788,561
Designated for subsequent year’s expenditures 234,031 1,000,000 1,234,031
Undesignated 441,939
2,206,090 2,648,029
Total fund balances 2,214,856
3,206,090 5,420,946
Total liabilities and fund balances 2,500,969$
3,206,090$ 5,707,059$
83
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Schedule 5
GASTON COUNTY, NORTH CAROLINA
NONMAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2008
Special Debt Total Nonmajor
Revenue
Service Governmental

Revenues:
Ad valorem taxes 3,409,342$ -$ 3,409,342$
Restricted intergovernmental revenues 673,846 3,500,000 4,173,846
E911 surcharge 1,165,274 - 1,165,274
Investment earnings 131,402 152,925 284,327
Miscellaneous revenues
811
- 811
Total revenues
5,380,675
3,652,925 9,033,600
Expenditures:
General government 105,093 - 105,093
Public safety 3,946,414 - 3,946,414
Cultural and recreational 471,754 - 471,754
Principal retirement 178,318 11,933,445 12,111,763
Interest and fees
12,229
7,821,663 7,833,892
Total expenditures
4,713,808
19,755,108 24,468,916
Revenues over (under) expenditures
666,867
(16,102,183) (15,435,316)
Other Financing Sources (Uses):
Transfers in/out
(1,310,581)
16,446,939 15,136,358
Total other financing sources (uses)

(1,310,581)
16,446,939 15,136,358
Net change in fund balances (643,714) 344,756 (298,958)
Fund Balances:
Beginning of year - July 1
2,858,570
2,861,334 5,719,904
End of year - June 30
2,214,856$
3,206,090$ 5,420,946$
84
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SUPPLEMENTARY INFORMATION


COMBING AND INDIVIDUAL
FUND FINANCIALS STATEMENTS AND
SCHEDULES



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GASTON COUNTY, NORTH CAROLINA
NONMAJOR SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET
JUNE 30, 2008
Gaston-Lincoln Property Emergency
Regional Library Revaluation Telephone

Fund
Fund System Fund
Assets:
Cash and cash equivalents 152,512$ 336,313$ 222,579$
Ad valorem taxes receivable, net - - -
Accounts receivable
-
- 116,214
Total assets
152,512$
336,313$ 338,793$
Liabilities and Fund Balances:
Liabilities:
Accounts payable and accrued liabilities 13,829$ 5,245$ 6,430$
Deferred revenue
-
- -
Total liabilities
13,829
5,245 6,430
Fund Balances:
Reserved for prior year encumbrances 2,918 39,691 -
Reserved by State statute - - 116,214
Reserved for police - - -
Reserved for sheriff - - -
Reserved for volunteer fire districts - - -
Designated for subsequent year’s expenditures 21,585 212,446 -
Undesignated
114,180
78,931 216,149

Total fund balances
138,683
331,068 332,363
Total liabilities and fund balances
152,512$
336,313$ 338,793$
85
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Schedule 6
Drug Controlled Parking Fire Total Nonmajor
Forfeitures Substance Fees Districts Special Revenue
Fund
Abuse Tax Fund Fund Fund Funds
396,180$ 189,947$ 32,679$ 788,556$ 2,118,766$
- - - 260,614 260,614
-
- 5,375 - 121,589
396,180$ 189,947$ 38,054$ 1,049,170$ 2,500,969$
-$ -$ -$ 2$ 25,506$
-
- - 260,607 260,607
-
- - 260,609 286,113
12,500 - - - 55,109
- - 5,375 - 121,589
295,477 168,393 - - 463,870
88,203 21,554 - - 109,757
- - - 788,561 788,561
- - - - 234,031

-
- 32,679 - 441,939
396,180
189,947 38,054 788,561 2,214,856
396,180$
189,947$ 38,054$ 1,049,170$ 2,500,969$
86
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GASTON COUNTY, NORTH CAROLINA
NONMAJOR SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2008
Gaston-Lincoln Property Emergency
Regional Library Revaluation Telephone
Fund
Fund System Fund
Revenues:
Ad valorem taxes -$ -$ -$
Restricted intergovernmental revenues 459,865 - -
E911 surcharge - - 1,165,274
Investment earnings 3,920 8,450 37,167
Miscellaneous revenues
487
- -
Total revenues
464,272
8,450 1,202,441
Expenditures:

Current:
General government - 105,093 -
Public safety - - 645,915
Cultural and recreational 471,754 - -
Principal retirement - - 178,318
Interest and fees
-
- 12,229
Total expenditures
471,754
105,093 836,462
Revenues over (under) expenditures
(7,482)
(96,643) 365,979
Other Financing Sources (Uses):
Transfers in/out
15,783
250,000 (1,576,364)
Total other financing sources (uses)
15,783
250,000 (1,576,364)
Net change in fund balances 8,301 153,357 (1,210,385)
Fund Balances:
Beginning of year - July 1
130,382
177,711 1,542,748
End of year - June 30
138,683$
331,068$ 332,363$
87

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Schedule 7
Drug Controlled Parking Fees Fire Total Nonmajor
Forfeitures Substance Collected Districts Special Revenue
Fund
Abuse Tax Fund Fund Fund Funds
-$ -$ -$ 3,409,342$ 3,409,342$
188,426 25,555 - - 673,846
- - - - 1,165,274
18,067 7,277 37,730 18,791 131,402
-
- 324 - 811
206,493
32,832 38,054 3,428,133 5,380,675
- - - - 105,093
166,877 38,129 - 3,095,493 3,946,414
- - - - 471,754
- - - - 178,318
-
- - - 12,229
166,877
38,129 - 3,095,493 4,713,808
39,616
(5,297) 38,054 332,640 666,867
-
- - - (1,310,581)
-
- - - (1,310,581)
39,616 (5,297) 38,054 332,640 (643,714)

356,564
195,244 - 455,921 2,858,570
396,180$
189,947$ 38,054$ 788,561$ 2,214,856$
88
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NONMAJOR SPECIAL REVENUE FUNDS


Special Revenue Funds account for the proceeds of special revenue sources that are
legally restricted to expenditures for specific purposes.

Individual Fund Descriptions:

• Gaston-Lincoln Regional Library Fund – Accounts for the revenues received from
the state to provide services for a regional library system

• Property Revaluation Fund – Accounts for the accumulation of funds necessary to
cover the cost of real property revaluation.

• Emergency Telephone System Fund – Accounts for the activities of a county-wide
emergency telephone service funded by telephone company line charges.

• Drug Forfeitures Fund – Accounts for revenues received from Federal Drug

Forfeitures in conjunction with local law enforcement agencies as a result of property
confiscations. These funds must be used by the County for law enforcement
purposes.

• Controlled Substance Abuse Fund – Accounts for revenues received from State
Drug Forfeitures in conjunction with local law enforcement agencies as a result of
property confiscations. These funds must be used by the County for law enforcement
purposes.

• Parking Fees Fund
- Accounts for the revenues received from parking fees at the
county courthouse.

• Special Fire District Funds – Accounts for the revenues of the fire districts within
the County.


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Schedule 8
GASTON COUNTY, NORTH CAROLINA
GASTON-LINCOLN REGIONAL LIBRARY FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2008

WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007
2007
Final Variance
Budget
Actual Over/Under Actual
Revenues:
Restricted intergovernmental revenues 459,865$ 459,865$ -$ 470,543$
Investment earnings - 3,920 3,920 7,685
Miscellaneous revenue
-
487 487 485
Total revenues
459,865
464,272 4,407 478,713
Expenditures:
Cultural and recreational:
Salaries and employee benefits 327,080 312,465 14,615 285,733
Operating expenditures 259,480 159,289 100,191 233,089
Capital outlay
19,470
- 19,470 2,831
Total expenditures
606,030
471,754 134,276 521,653
Revenues over (under) expenditures
(146,165)
(7,482) 138,683 (42,940)
Other Financing Sources (Uses):
Transfers from General Fund 15,783 15,783 - 5,911
Fund balance appropriated

130,382
- (130,382) -
Total other financing sources (uses)
146,165
15,783 (130,382) 5,911
Revenues and other financing sources
(uses) over (under) expenditures and
other financing sources (uses)
-$
8,301 8,301$ (37,029)
Fund Balance:
Beginning of year - July 1
130,382
167,411
End of year - June 30
138,683$
130,382$
2008
89
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Schedule 9
GASTON COUNTY, NORTH CAROLINA
PROPERTY REVALUATION FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2008
WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007
2007
Final Variance

Budget
Actual Over/Under Actual
Revenues:
Investment earnings
-$
8,450$ 8,450$ 8,077$
Expenditures:
General government:
Operating expenditures
357,230
105,093 252,137 255,929
Revenues over (under) expenditures
(357,230)
(96,643) 260,587 (247,852)
Other Financing Sources (Uses):
Fund balance appropriated 107,230 - (107,230) -
Transfers from General Fund
250,000
250,000 - 290,000
Total other financing sources (uses)
357,230
250,000 (107,230) 290,000
Revenues and other financing sources
(uses) over (under) expenditures and
other financing sources (uses)
-$

153,357
153,357$
42,148

Fund Balance:
Beginning of year - July 1
177,711
135,563
End of year - June 30
331,068$
177,711$
2008
90
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Schedule 10
GASTON COUNTY, NORTH CAROLINA
EMERGENCY TELEPHONE SYSTEM FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2008
WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007
2007
Final Variance
Budget
Actual Over/Under Actual
Revenues:
E911 surcharge 991,850$ 1,165,274$ 173,424$ 1,250,223$
Investment earnings
-
37,167 37,167 45,115
Total revenues
991,850
1,202,441 210,591 1,295,338

Expenditures:
Public safety:
Salaries and employee benefits 184,551 176,126 8,425 164,680
Operating expenditures 529,093 430,532 98,561 869,655
Capital outlay 79,000 39,257 39,743 847
Principal retirement 192,637 178,318 14,319 173,105
Interest and fees
12,230
12,229 1 17,408
Total expenditures
997,511
836,462 161,049 1,225,695
Revenues over (under) expenditures
(5,661)
365,979 371,640 69,643
Other Financing Sources (Uses):
Transfers from General Fund 5,661 5,661 - 5,080
Transfers to Capital Improvement Fund (1,582,025) (1,582,025) - -
Appropriated fund balance
1,582,025
- (1,582,025) -
Total other financing sources (uses)
5,661
(1,576,364) (1,582,025) 5,080
Revenues and other financing sources
(uses) over (under) expenditures and
other financing sources (uses)
-$
(1,210,385) (1,210,385)$ 74,723
Fund Balance:

Beginning of year - July 1
1,542,748
1,468,025
End of year - June 30
332,363$
1,542,748$
2008
91
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Schedule 11
GASTON COUNTY, NORTH CAROLINA
DRUG FORFEITURES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2008
WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007
2007
Final Variance
Budget
Actual Over/Under Actual
Revenues:
Restricted intergovernmental revenue - police -$ 188,426$ 188,426$ 123,519
Investment earnings
16,995
18,067 1,072 12,918
Total revenues
16,995
206,493 189,498 136,437
Expenditures:

Public safety:
Operating expenditures - police 182,900 149,377 33,523 47,069
Operating expenditures - sheriff
40,873
17,500 23,373 -
Total expenditures
223,773
166,877 56,896 47,069
Revenues over (under) expenditures
(206,778)
39,616 246,394 89,368
Other Financing Sources (Uses):
Fund balance appropriated
206,778
- (206,778) -
Revenues and other financing sources
(uses) over (under) expenditures and
other financing sources (uses)
-$

39,616
39,616$
89,368
Fund Balance:
Beginning of year - July 1
356,564
267,196
End of year - June 30
396,180$
356,564$

2008
92
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Schedule 12
GASTON COUNTY, NORTH CAROLINA
CONTROLLED SUBSTANCE ABUSE TAX FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2008
WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007
2007
Final Variance
Budget
Actual Over/Under Actual
Revenues:
Controlled substance tax - police (47,250)$ 21,745$ 68,995$ 32,583$
Controlled substance tax - sheriff - 3,810 3,810 8,853
Investment earnings
6,886
7,277 391 9,724
Total revenues
(40,364)
32,832 73,196 51,160
Expenditures:
Public safety:
Operating expenditures- police 40,716 38,129 2,587 34,604
Operating expenditures - sheriff
1,458
- 1,458 -

Total expenditures
42,174
38,129 4,045 34,604
Revenues over (under) expenditures
(82,538)
(5,297) 77,241 16,556
Other Financing Sources (Uses):

Fund balance appropriated
82,538
- (82,538) -
Revenues and other financing sources
(uses) over (under) expenditures and
other financing sources (uses)
-$

(5,297)
(5,297)$
16,556
Fund Balance:
Beginning of year - July 1
195,244
178,688
End of year - June 30
189,947$
195,244$
2008
93
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Schedule 13
GASTON COUNTY, NORTH CAROLINA
PARKING FEE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2008
WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007
2007
Final Variance
Budget
Actual Over/Under Actual
Revenues:
Parking Fees collected -$ 324$ 324$ -$
Investment earnings
-
37,730 37,730 -
Total revenues
-
38,054 38,054 -
Revenues over (under) expenditures
-
38,054 38,054 -
Revenues and other financing sources over
(under) expenditures and other financing uses
-$

38,054
38,054$
-
Fund Balance:

Beginning of year - July 1
-
-
End of year - June 30
38,054$
-$
2008
94
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Schedule 14
GASTON COUNTY, NORTH CAROLINA
FIRE DISTRICTS FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES
IN FUND BALANCE - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2008
WITH COMPARATIVE ACTUAL AMOUNTS FROM JUNE 30, 2007
2007
Final Variance
Budget
Actual Over/Under Actual
Revenues:
Ad valorem taxes:
Taxes 3,097,710$ 3,374,198$ 276,488$ 2,885,725$
Penalties and interest - 35,144 35,144 145,377
Investment earnings
-
18,791 18,791 19,240
Total revenues
3,097,710

3,428,133 330,423 3,050,342
Expenditures:
Public safety:
Operating expenditures 3,097,710 3,095,493 2,217 2,898,599
Capital outlay - - - 38,640
Principal retirement - - - 30,531
Interest and fees
-
- - 336
Total expenditures
3,097,710
3,095,493 2,217 2,968,106
Revenues over (under) expenditures
-
332,640 332,640 82,236
Revenues and other financing sources over
(under) expenditures and other financing uses
-$

332,640
332,640$
82,236
Fund Balance:
Beginning of year - July 1
455,921
373,685
End of year - June 30
788,561$
455,921$
2008

95
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