| TOWN OF CARY, NORTH CAROLINA |
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| STATEMENT OF
REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES |
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| GOVERNMENTAL FUNDS |
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| For the Year Ended June
30, 2005 |
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| EXHIBIT E |
Major Funds |
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Non-Major Funds Reported as Major Funds |
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Capital |
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Amphitheatre |
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Transit |
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911 |
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CDBG |
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Police |
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Total |
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General |
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Projects |
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Special |
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Special |
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Special |
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Special |
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Special |
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Governmental |
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Fund |
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Fund |
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Revenue Fund |
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Revenue Fund |
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Revenue Fund |
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Revenue Fund |
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Revenue Fund |
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Funds |
| REVENUES |
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| Ad Valorem Taxes |
$49,303,373 |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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49,303,373 |
| Other Taxes and Licenses |
20,450,341 |
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--- |
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--- |
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--- |
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315,303 |
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--- |
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--- |
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20,765,644 |
| Unrestricted
Intergovernmental |
4,575,741 |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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4,575,741 |
| Restricted
Intergovernmental |
719,156 |
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4,476,029 |
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--- |
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1,147,482 |
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--- |
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--- |
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--- |
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6,342,667 |
| Permits and Fees |
3,553,913 |
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3,762,450 |
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--- |
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413,168 |
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--- |
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--- |
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--- |
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7,729,531 |
| Sales and Services |
5,695,174 |
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--- |
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--- |
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111,682 |
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--- |
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--- |
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--- |
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5,806,856 |
| Investment Earnings, net
of market adjustment |
940,635 |
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2,336,132 |
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--- |
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--- |
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6,086 |
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--- |
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--- |
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3,282,853 |
| Reimbursements |
--- |
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708,229 |
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--- |
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--- |
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--- |
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--- |
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--- |
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708,229 |
| Miscellaneous |
2,186,343 |
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538,150 |
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--- |
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--- |
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--- |
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--- |
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--- |
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2,724,493 |
| Assessments Collections |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
| Govt Revenue |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
| Govt Revenue |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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| TOTAL REVENUES |
87,424,676 |
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11,820,990 |
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--- |
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1,672,332 |
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321,389 |
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--- |
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--- |
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101,239,387 |
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| EXPENDITURES |
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| Current: |
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| General Government |
18,794,732 |
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--- |
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--- |
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1,776,190 |
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293,000 |
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33,793 |
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--- |
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20,897,715 |
| Public Safety |
25,534,445 |
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--- |
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--- |
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--- |
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--- |
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--- |
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4,714 |
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25,539,159 |
| Public Works |
11,198,648 |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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11,198,648 |
| Environmental Protection |
6,952,251 |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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6,952,251 |
| Cultural and Recreational |
6,540,960 |
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--- |
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610,760 |
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--- |
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--- |
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--- |
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--- |
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7,151,720 |
| Expenditure |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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| Expenditure |
--- |
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--- |
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| Debt service: |
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| Principal |
6,429,939 |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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6,429,939 |
| Interest |
3,958,800 |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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3,958,800 |
| Bond Service Charges |
54,319 |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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54,319 |
| Capital outlay |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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| Capital Projects |
--- |
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37,378,768 |
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--- |
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--- |
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--- |
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--- |
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--- |
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37,378,768 |
| Other Expenditures |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
| TOTAL EXPENDITURES |
79,464,094 |
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37,378,768 |
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610,760 |
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1,776,190 |
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293,000 |
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33,793 |
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4,714 |
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119,561,319 |
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| REVENUES OVER (UNDER)
EXPENDITURES |
7,960,582 |
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(25,557,778) |
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(610,760) |
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(103,858) |
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28,389 |
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(33,793) |
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(4,714) |
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(18,321,932) |
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| OTHER FINANCING SOURCES
(USES) |
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| Transfers In |
418,074 |
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1,067,000 |
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963,662 |
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599,717 |
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--- |
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--- |
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--- |
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3,048,453 |
| Transfers Out |
(2,630,379) |
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(100,000) |
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(289,006) |
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--- |
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--- |
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--- |
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(29,068) |
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(3,048,453) |
| Sub-fund
transfers - HIDE s/b $0 |
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--- |
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--- |
| Sale of Assets |
97,874 |
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106,848 |
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--- |
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--- |
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--- |
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--- |
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--- |
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204,722 |
| Capital Lease Proceeds |
279,199 |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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279,199 |
| Installment Purchase Proceeds |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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| Bond Proceeds |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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| Miscellaneous |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
| OFS/OFU (Govt) |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
| OFS/OFU (Govt) |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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| TOTAL OTHER FINANCING
SOURCES (USES) |
(1,835,232) |
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1,073,848 |
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674,656 |
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599,717 |
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--- |
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--- |
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(29,068) |
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483,921 |
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| Special items |
--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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| Extraordinary items |
--- |
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--- |
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--- |
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--- |
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--- |
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| NET CHANGE IN FUND BALANCE |
6,125,350 |
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(24,483,930) |
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63,896 |
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495,859 |
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28,389 |
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(33,793) |
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(33,782) |
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(17,838,011) |
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| FUND BALANCE - Beginning
of Year, as previously reported |
56,918,956 |
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105,560,923 |
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486,722 |
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340,149 |
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97,629 |
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--- |
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33,782 |
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163,438,161 |
| Prior Period Adjustment |
2,565,568 |
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--- |
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--- |
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--- |
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--- |
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--- |
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--- |
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2,565,568 |
| FUND BALANCE - Beginning
of Year, as restated |
59,484,524 |
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105,560,923 |
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486,722 |
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340,149 |
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97,629 |
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--- |
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33,782 |
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166,003,729 |
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| FUND BALANCE - End of Year |
$65,609,874 |
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81,076,993 |
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550,618 |
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836,008 |
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126,018 |
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(33,793) |
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--- |
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148,165,718 |
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| The
accompanying notes are an integral part of these basic financial statements. |
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