Exhibit 2 Charges for Operating Grants Capital Grants Governmental

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Exhibit 2 Charges for Operating Grants Capital Grants Governmental Powered By Docstoc
					                                                                                                                                                                                                    Exhibit 2
                                              BEAUFORT COUNTY, SOUTH CAROLINA
                                                   STATEMENT OF ACTIVITIES
                                                 For The Year Ended June 30, 2007
                                                                                                                                                             Net (Expense) Revenue and
                                                                                                                                                                  Changes in Net Assets
                                                                                             Program Revenues                                                      Primary Government
                                                                             Charges for     Operating Grants        Capital Grants           Governmental              Business Type
                                                         Expenses             Services       and Contributions   and Contributions              Activities                Activities            Totals
Functions/Programs
  Governmental Activities:
    General Government                               $     24,863,032    $      14,964,925   $        922,699    $         1,250,000      $        (7,725,408) $                        -   $    (7,725,408)
    Public Safety                                          40,322,590            8,423,902            556,871               551,202              (30,790,615)                           -       (30,790,615)
    Public Works                                           19,507,135            5,678,226            264,123              6,766,026               (6,798,760)                          -        (6,798,760)
    Public Health                                            8,434,863             407,968          4,241,703                         -            (3,785,192)                          -        (3,785,192)
    Public Welfare                                           1,460,053               9,725            368,503                         -            (1,081,825)                          -        (1,081,825)
    Cultural and Recreation                                10,527,430            2,817,775            626,431                         -            (7,083,224)                          -        (7,083,224)
    Interest                                                9,238,679                    -                  -                         -            (9,238,679)                          -        (9,238,679)
  Total Governmental Activities                           114,353,782           32,302,521          6,980,330              8,567,228             (66,503,703)                           -       (66,503,703)


  Business-type Activities
    Garage                                                   4,186,346           4,016,829                   -                        -                       -                (169,517)           (169,517)
    Stormwater Utility                                       2,528,367           2,880,264                   -                        -                       -                 351,897            351,897
    Lady's Island Airport                                      673,942             676,061                  -                 99,209                          -                101,328             101,328
    Hilton Head Airport                                      2,107,556           1,314,648            219,079              1,235,724                          -                661,895             661,895
  Total Business-type Activities                             9,496,211           8,887,802            219,079              1,334,933                          -                 945,603            945,603


  Total                                              $    123,849,993    $      41,190,323   $      7,199,409    $         9,902,161      $      (66,503,703) $                 945,603     $   (65,558,100)



  General Revenues
    Taxes                                                                                                                                 $       72,584,375        $                   -   $    72,584,375
    Grants and Contributions Not Restricted                                                                                                        7,719,639                            -         7,719,639
    Unrestricted Investment Earnings                                                                                                               4,179,902                    174,319           4,354,221
    Miscellaneous                                                                                                                                  2,838,808                      4,320           2,843,128
  Total General Revenues and Transfers                                                                                                            87,322,724                    178,639          87,501,363


  Change in Net Assets                                                                                                                            20,819,021                 1,124,242           21,943,263


Net Assets, Beginning                                                                                                                             78,786,588                22,003,969          100,790,557


Prior Period Adjustment                                                                                                                           13,320,106                            -        13,320,106


Net Assets, Beginning, as Restated                                                                                                                92,106,694                22,003,969          114,110,663


Net Assets, Ending                                                                                                                        $      112,925,715        $       23,128,211      $   136,053,926


The accompanying notes are an integral part of these financial statements.



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