Cabarrus FY21 Popular Annual Financial Report | Page 19

FISCAL YEAR ENDED JUNE 30 , 2021 • Popular Annual Financial Report
Changes in Net Position
Governmental Activities 2021 2020
Revenues Program revenues : Charges for services
$
27,273,923
$
23,863,274
Operating grants and contributions
34,429,999
26,505,813
Capital grants and contributions
2,300,000
2,300,000
General revenues : Property taxes
221,375,407
185,141,095
Local option sales tax
62,507,935
52,970,080
ABC revenues
220,443
130,203
Other taxes and licenses
810,546
824,515
Investment earnings
259,485
2,642,249
Miscellaneous
312,545
-
Total revenues
349,490,283
294,377,229
Expenses General government
33,792,440
31,253,702
Public safety
69,942,162
60,955,287
Economic and physical development
6,495,321
4,693,056
Environmental protection
879,312
690,214
Human services
45,911,170
41,391,469
Education
127,347,465
129,178,290
Cultural and recreation
9,484,202
9,265,753
Interest on long-term debt
13,264,142
13,098,803
Landfill
-
-
Total expenses
307,116,214
290,526,574
Increase ( decrease ) in net position
before transfers
42,374,069
3,850,655
Increase ( decrease ) in net position
42,374,069
3,850,655
Net position , beginning
( 64,884,563 )
( 68,735,218 )
Restatement
159,815
-
Net position , beginning , restated
( 64,724,748 )
( 68,735,218 )
Net position ending $ ( 22,350,679 ) $ ( 64,884,563 ) cabarruscounty . us 16